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Section 1: Description of the Plan and Project

Name of City and/or County:

St. Robert

Name of Plan or Project:

St. Robert Redevelopment Project #2

Report Period:

6/1/2016 to 6/1/2017

Name of the Person Who Prepared this Annual Report:

Edna Givins

Contact Information:

City or County Contact Agency:

Phone:

5734334983

Private Sector Developer:

Sundowner Hospitality LLC

Person:

Jim Holtzman

Phone:

314-565-7367

Original Date Plan/Project Approved:

Ordinance Number:

447

Most Recent Plan Amendment:

01/01/2001

Ordinance Number:

1959

State House District:

148

State Senate District:

School District:

Waynesville R-VI School District

Location:

Will email to the address provided

Description of Plan/Project:

Development of vacant land highly visible from Interstate 44 to a mix of commercial and residential use property

Plan/Project Status:

Fully-Operational

Area Type:

How was the "but-for" Determination Made?:

Number of Relocated Residences During This Report Period:

Number of Relocated Businesses During This Report Period:

Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:

Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:

- None -

Estimate of New Jobs:

200

Actual To Date:

180

Estimate of Retained Jobs:

Actual To Date:

Section 2: Tax Increment Financing Revenues

TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:

Payments in Lieu of Taxes (PILOTs):

Total Received since inception:

$2,705,124.53

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$738,650.94

Amount on Hand:
(As of Report Date)

$0.00

Total Revenue on hand in the Special Allocation Fund as of Report Date:

$0.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$350,000.00

$0.00

Site Development (grading, dirt moving, etc):

$525,000.00

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$325,000.00

$0.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$2,095,457.39

This Reporting Period:

$180,160.41

Reimbursement of developer for eligible cost:

Since Inception:

$20,000.00

This Reporting Period:

$0.00

Reimbursement to city/county (or other public entity) for eligible costs:

Since Inception:

$1,379,521.28

This Reporting Period:

$38,000.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$1,649,988.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$325,000.00

Other:

$608,000.00

Total Anticipated TIF Reimbursable Project Costs:

$2,582,988.00

ANTICIPATED TOTAL PROJECT COSTS:

$2,582,988.00

TIF FINANCING METHOD:

MATURITY OF TIF OBLIGATIONS:

Original Estimate (# of Years to Retirement):

Current Anticipated Estimate (# of Year to Retirement):

ESTIMATED INCREASE IN TAX GENERATION:

Original Assessed Value of the Redevelopment Project:

$156,660.00

Assessed Valuation Added to the Redevelopment Project:

$4,602,060.00

Anticipated Assessed Value at Time of District Termination:

$6,266,919.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$6,388.00

Total Annual EATs Anticipated at Time of District Termination:

$29,424.00

Total Annual PILOTs Anticipated at Time of District Termination:

$0.00

Percentage of EATs Captured:

50%

Total Years Anticipated to Capture EATs:

Percentage of PILOTs Captured:

100%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

St. Robert Redevelopment Project #2

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues