Name of City and/or County:
Cameron
Name of Plan or Project:
Crossroads Development Plan TIF
Report Period:
10/1/2017 to 9/1/2018
Name of the Person Who Prepared this Annual Report:
Deborah Polk
City or County Contact Agency:
Private Sector Developer:
Walmart
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
10/01/2004
School District:
Cameron R-1
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
How was the "but-for" Determination Made?:
Also inadequate street layout
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:
0
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
Economic Activity Taxes (EATs):
Total Received since inception:
$2,195,023.00
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:
Since Inception:
$2,150,000.00
This Reporting Period:
$0.00
Reimbursement of developer for eligible cost:
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
Total Anticipated TIF Reimbursable Project Costs:
$1,790,000.00
ANTICIPATED TOTAL PROJECT COSTS:
$13,730,000.00
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:
$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
