Capital Mall TIF Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Jefferson City  
Name of Plan or Project: Capital Mall TIF Plan  
Report Period: 07/01/2017 to 06/01/2018  
Name of the person who prepared this annual report: Shiela Pearre  
Contact Information:    
City or County Contact Agency:  
Phone: 573-634-6459  
Private Sector Developer: Capital Mall JC, LLC  
Person: Rob Kingsbury  
Phone: 573-635-2255  
Original Date Plan/Project Approved:  
Ordinance Number: 15222  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: 60  
State Senate District: 6  
School District Jefferson City School District  
Location:    
Capital Mall Property including outlots 3600 Country Club Dr, Jefferson City, 78.26 Acres at the northwest corner of Highway 50 & South Country Club/West Truman Blvd.  
Description of Plan/Project:    
A combination of acquisition, engineering and rehabilitation and renovation of the existing Capital Mall, including its infrastructure and amenities including but not limiting roof replacement, parking lot repair and facade upgrades among other improvements.  
Plan/Project Status: Under Construction
Area Type:  
How was the "but-for" determination made?:    
 
Number of Relocated Residences During This Report Period: 0    
Number of Relocation Businessess During This Report Period: 0    
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period: 0    
Identify any business that have relocation to the Redevelopment Area during this report period:    
Name Address Phone Number New or Relocated? Rel. from What City/County
Citi Trends 3600 Country Club Drive 800-605-8171 New
Cowley Dist, dba Downtown Book & Toy II 3600 Country Club Dr 573-636-6511 2nd location
Factory Connection LLC 3600 Country Club Dr 5736354550 new
N/A
Party City 3600 Country Club Dr 5736320025 new
Rexy Hair & Beauty Supplies 3600 Country Club Dr 573-301-6066 New
Ross Dress For Less, Inc 3600 Country Club Dr 573-556-6314 New
rue21, Inc 3600 Country Club Dr 724-776-9780 New
Slackers 3600 Country Club Dr 573-635-7271 Jefferson City/Cole County
Spirit Halloween Superstores 3600 Country Club Dr 609-645-5479 New
Xtreme Trendz 3600 Country Club Dr 573-556-6669 Jefferson City/Cole County
Estimate of New Jobs: 150 Actual To Date: 0
Estimate of Retained Jobs: 650 Actual To Date: 0
     
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: $20,135.83 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $1,429,205.50 Amount on Hand: $0.00
    (As of Report Date)  
       
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): $0.00 $0.00
Site Development (grading, dirt moving, etc): $0.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $6,096,018.07 $0.00
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: $1,449,341.33 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $32,325.94 This Reporting Period: $8,682.19
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $0.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $15,696,524.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $15,696,524.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $15,696,524.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 23  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $7,527,860.00  
Assessed valuation added to the redevelopment project: $409,440.00  
Anticipated Assessed Value at Time of District Termination: $13,769,725.00  
Total Amount of Base Year EATs: $2,622,041.80  
Total Amount of Base Year PILOTs: $21,750.00  
Total Annual EATs Anticipated at Time of District Termination: $5,008,971.00  
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