Name of City and/or County:
Carrollton
Name of Plan or Project:
NE Hwy 65 & Municipal DR. Phase 1&2 Redevelopment
Report Period:
7/1/2017 to 6/1/2018
Name of the Person Who Prepared this Annual Report:
Terry Bell
City or County Contact Agency:
Private Sector Developer:
Shivam Hospitality Lane - Formerly Super 8
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
04/01/2002
State House District:
7th District
State Senate District:
12th District
School District:
Carrollton R VII
Carrollton Industrial Park frontage of Hwy 65 in NE Carrollton. The southern line between block 1 & 2 of the northern line of Phase 1 & N line of the far edge of the Industrial Park. All E Hwy 65 all Industrial Park.
Description of Plan/Project:
Agro International out as of 2014. Assay enterprises was purchased by Shivam Hospitality Lane in 2016
Plan/Project Status:
Fully-Operational
How was the "but-for" Determination Made?:
Number of Relocated Residences During This Report Period:
0
Number of Relocated Businesses During This Report Period:
0
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:
0
Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:
Estimate of Retained Jobs:
3
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
Total Revenue on hand in the Special Allocation Fund as of Report Date:
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:
Total Since Inception:
Report Period Only:
Public Infrastructure (streets, utilities, etc):
Site Development (grading, dirt moving, etc):
Rehab of Existing Buildings:
Acquisition of Land or Buildings:
AMOUNT PAID ON DEBT SERVICES:
Payments of principal and interest on outstanding bonded debt:
This Reporting Period:
$19,710.90
Reimbursement of developer for eligible cost:
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
This Reporting Period:
$0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$201,802.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$201,802.00
ANTICIPATED TOTAL PROJECT COSTS:
$201,802.00
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
0
Current Anticipated Estimate (# of Year to Retirement):
0
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$409,104.00
Assessed Valuation Added to the Redevelopment Project:
$3,367.79
Anticipated Assessed Value at Time of District Termination:
$0.00
Total Amount of Base Year EATs:
$9,458.53
Total Amount of Base Year PILOTs:
$0.00
Total Annual EATs Anticipated at Time of District Termination:
$5,200.00
Total Annual PILOTs Anticipated at Time of District Termination:
$0.00
Percentage of EATs Captured:
50%
Total Years Anticipated to Capture EATs:
23
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
23
