Crossroads Development Plan TIF
Section 1 Description of the Plan and Project  
Name of City and/or County: Cameron  
Name of Plan or Project: Crossroads Development Plan TIF  
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: Walmart  
Person:  
Phone:  
Original Date Plan/Project Approved:  
Ordinance Number: 4203  
Most Recent Plan Amendment: 10/01/2004  
Ordinance Number: 5167  
State House District: 2  
State Senate District: 12  
School District Cameron R-1  
Location:    
General Location portions of the Crossroads Corporate Center in the City of Cameron, Missouri in the vicinity of the intersection of U.S. 36 and Interstate 35.  
Description of Plan/Project:    
The TIF Plan provided TIF assistance for public infrastructure benefitting Project Areas A-J Wal-Mart Super Center anchor, Dollar General Store, Bank, Furniture Store, Radio Station, Healthcare Business, Bureau, Real Estate Office, Sears and a Lumber Store, all of which have been completed, TIF collection terminated and TIF areas A-J terminated. Two additional Project Areas, K and L, are undeveloped and inactive.  
Plan/Project Status: Inactive
Area Type:  
How was the "but-for" determination made?:    
Also 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:    
Name Address Phone Number New or Relocated? Rel. from What City/County
Cameron Lumber 2025 N. Walnut Street (816) 632-8880 Relocated Cameron
Eagan's Furniture 2301 N. Walnut Street (816) 632-2583 Relocated Cameron
Family Foot 609 E. Platte-Clay Way (816) 632-5229 Relocated Cameron
KMRN/KKWK Radio 607 E. Platte-Clay Way (816) 632-6661 Relocated Cameron, MO
Missouri DHSS 207 E. McElwain Drive (816) 632-2107 Relocated Cameron
Orscheln 2201 N. Walnut (816) 632-3137 Relocated Cameron
Wal-Mart 2000 N. Walnut Street (816) 632-9900 Relocated Cameron
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: $422,640.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $2,195,023.00 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): $1,959,287.00 $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: $50,000.00 $0.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $2,150,000.00 This Reporting Period: $0.00
Reimbursement of developer for eligible cost:    
Since Inception: $0.00 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $94,287.00 This Reporting Period: $0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $1,540,000.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $200,000.00  
Other: $50,000.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $1,790,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $13,730,000.00  
TIF FINANCING METHOD:  
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: $9,850.00  
Assessed valuation added to the redevelopment project: $2,789,580.00  
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