Crossroads II Tax Increment Financing Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Cameron  
Name of Plan or Project: Crossroads II Tax Increment Financing Plan  
Report Period: 10/01/2017 to 09/01/2018  
Name of the person who prepared this annual report: Deborah Polk  
Contact Information:    
City or County Contact Agency:  
Phone: 816-632-2177  
Private Sector Developer: RP IIMEG, RP IIIOrscheln, RP IVCommerical Enter  
Person:  
Phone:  
Original Date Plan/Project Approved:  
Ordinance Number: 5168  
Most Recent Plan Amendment: 03/01/2009  
Ordinance Number: 5488  
State House District: 2  
State Senate District: 12  
School District Cameron R-1  
Location:    
Located in the vicinity of US Highway 69, Interstate 35 and US 36 in the City of Cameron, Missouri in or near the Crossroads Corporate Center.  
Description of Plan/Project:    
The Plan provides for the redevelopment of the area in multiple phases for commercial and retail uses. Redevelopment Project I was not pursued as a TIF. Redevelopment Project II is inactive and has been for a number of years. Redevelopment Project III is a 1.5 million retail project. Redevelopment Project IV is a commercial building.  
Plan/Project Status: Fully-Operational
Area Type:  
How was the "but-for" determination made?:    
Plus obsolete platting and inadequate street layout.  
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:    
- None -
Estimate of New Jobs: 0 Actual To Date: 0
Estimate of Retained Jobs: 0 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: $261,203.58 Amount on Hand: $2,221.51
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $198,645.10 Amount on Hand: $1,605.02
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $3,826.53
   
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): $262,059.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $30,000.00 $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: $454,783.74 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $0.00 This Reporting Period: $0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $3,309,897.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $128,718.00  
Other: $190,000.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $3,628,615.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $29,096,613.00  
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: $112,430.00  
Assessed valuation added to the redevelopment project: $476,720.00  
Anticipated Assessed Value at Time of District Termination: $0.00  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $0.00  
Total Annual EATs Anticipated at Time of District Termination: $0.00  
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