Liberty Commons TIF Redevelopment Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: St. Robert  
Name of Plan or Project: Liberty Commons TIF Redevelopment Plan  
Report Period: 06/01/2018 to 06/01/2018  
Name of the person who prepared this annual report: EDNA GIVINS  
Contact Information:    
City or County Contact Agency:  
Phone: 573-451-2000  
Private Sector Developer: The Sonic Boys and US, LLC  
Person: Kevin Guffey  
Phone: 573-859-6998  
Original Date Plan/Project Approved:  
Ordinance Number: 2349  
Most Recent Plan Amendment: 05/01/2011  
Ordinance Number: 2391  
State House District: 148  
State Senate District: 16  
School District Waynesville R-VI School District  
Location:    
email  
Description of Plan/Project:    
Development of 16 acres of land within the city limits of St. Robert, Missouri to consist of Colton's Steakhouse, one other casual themed restaurant, one retail center, one 85 room extended stay hotel and 180 unit apartment complex which will result in the removal of blight and creation of jobs, investment and future growth of the city.  
Plan/Project Status: Fully-Operational
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:    
- None -
Estimate of New Jobs: 125 Actual To Date: 85
Estimate of Retained Jobs: 125 Actual To Date: 85
     
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: $672,318.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $453,783.00 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): $0.00 $0.00
Site Development (grading, dirt moving, etc): $3,225,000.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $0.00 $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: $11,261,003.00 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: $28,175,000.00  
Property Acquisition and Relocation Costs: $725,000.00  
Project Implementation Costs: $250,000.00  
Other: $1,450,000.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $4,125,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $30,600,000.00  
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: $269,320.00  
Assessed valuation added to the redevelopment project: $1,620,950.00  
Anticipated Assessed Value at Time of District Termination: $7,558,803.00  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $9,627.00  
Total Annual EATs Anticipated at Time of District Termination: $174,830.00  
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