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Section 1: Description of the Plan and Project

Name of City and/or County:

Arnold

Name of Plan or Project:

Arnold Crossroads Redevelopment Plan

Report Period:

9/1/2016 to 8/1/2017

Name of the Person Who Prepared this Annual Report:

Deborah Lewis

Contact Information:

City or County Contact Agency:

Phone:

(636) 282-6666

Private Sector Developer:

Arnold Crossroads, LLC

Person:

Larry W. Jones

Phone:

(636) 458-0545

Original Date Plan/Project Approved:

Ordinance Number:

14.370

Most Recent Plan Amendment:

09/01/2009

Ordinance Number:

14.369

State House District:

101

State Senate District:

School District:

Fox C-6

Location:

An area consisting of forty-three 43 acres at the NE corner of Interstate 55 and Mo Hwy 141 bounded on the east by Jeffco Blvd Hwy 61/67.

Description of Plan/Project:

Redevelopment of an existing retail and commercial area which had suffered from long-term vacancies and an antiquated layout.

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:

Name	Address	Phone Number	New or Relocated?	Rel. from What City/County
none

Estimate of New Jobs:

150

Actual To Date:

275

Estimate of Retained Jobs:

300

Actual To Date:

300

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:

$1,378,749.21

Amount on Hand:
(As of Report Date)

$7.55

Economic Activity Taxes (EATs):

Total Received since inception:

$2,882,978.71

Amount on Hand:
(As of Report Date)

$156,714.25

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

$156,721.80

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$3,981,403.22

$889,207.13

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$0.00

This Reporting Period:

$0.00

Reimbursement of developer for eligible cost:

Since Inception:

$6,290,305.05

This Reporting Period:

$0.00

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

Since Inception:

$29,250.00

This Reporting Period:

$0.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$9,600,000.00

Property Acquisition and Relocation Costs:

$8,200,000.00

Project Implementation Costs:

$700,000.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$18,500,000.00

ANTICIPATED TOTAL PROJECT COSTS:

$51,000,000.00

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:

$4,248,800.00

Assessed Valuation Added to the Redevelopment Project:

$3,052,918.00

Anticipated Assessed Value at Time of District Termination:

$6,600,000.00

Total Amount of Base Year EATs:

$101,154.00

Total Amount of Base Year PILOTs:

$339,300.00

Total Annual EATs Anticipated at Time of District Termination:

$1,239,373.00

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

Arnold Crossroads Redevelopment Plan

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues