View Tif

Section 1: Description of the Plan and Project

Name of City and/or County:

Desloge

Name of Plan or Project:

Highway 67 Tax Financing District

Report Period:

10/1/2017 to 9/1/2018

Name of the Person Who Prepared this Annual Report:

Linda R. Moore

Contact Information:

City or County Contact Agency:

Phone:

573-431-3700

Private Sector Developer:

Person:

Phone:

Original Date Plan/Project Approved:

Ordinance Number:

1997.21

Most Recent Plan Amendment:

04/01/2005

Ordinance Number:

2005.06

State House District:

117

State Senate District:

003

School District:

North St. Francois R-1

Location:

The project location has not changed since the 2005 amendment previously submitted

Description of Plan/Project:

The current plan is to improve commercial development

Plan/Project Status:

Under Construction

Area Type:

How was the "but-for" Determination Made?:

Number of Relocated Residences During This Report Period:

Number of Relocated Businesses During This Report Period:

Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:

Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:

Name	Address	Phone Number	Rel. from What City/County
Ann's Florist	1136 N. Desloge	573-327.9834	New
Custom Cellular	1136 N. Desloge	573-518-1999	New
Donut Company	1136 N.Desloge	573.327.9349	New

Estimate of New Jobs:

Actual To Date:

Estimate of Retained Jobs:

186

Actual To Date:

200

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:

$3,597,447.00

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$15,290,701.00

Amount on Hand:
(As of Report Date)

$4,728,367.00

Total Revenue on hand in the Special Allocation Fund as of Report Date:

$4,728,367.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$10,604,051.00

$0.00

Site Development (grading, dirt moving, etc):

$93,583.00

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$1,964,161.00

$392,512.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$3,967,750.00

This Reporting Period:

$0.00

Reimbursement of developer for eligible cost:

Since Inception:

$940,956.00

This Reporting Period:

$0.00

Reimbursement to city/county (or other public entity) for eligible costs:

Since Inception:

$925,767.00

This Reporting Period:

$0.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$18,695,797.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$18,695,797.00

ANTICIPATED TOTAL PROJECT COSTS:

$18,695,797.00

TIF FINANCING METHOD:

MATURITY OF TIF OBLIGATIONS:

Original Estimate (# of Years to Retirement):

Current Anticipated Estimate (# of Year to Retirement):

ESTIMATED INCREASE IN TAX GENERATION:

Original Assessed Value of the Redevelopment Project:

$1,944,520.00

Assessed Valuation Added to the Redevelopment Project:

$5,131,410.00

Anticipated Assessed Value at Time of District Termination:

$6,000,000.00

Total Amount of Base Year EATs:

$810,919.00

Total Amount of Base Year PILOTs:

$1,944,520.00

Total Annual EATs Anticipated at Time of District Termination:

$15,000,000.00

Total Annual PILOTs Anticipated at Time of District Termination:

$0.00

Percentage of EATs Captured:

50%

Total Years Anticipated to Capture EATs:

Percentage of PILOTs Captured:

100%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

Highway 67 Tax Financing District

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues