St. Robert Redevelopment Project #2
Section 1 Description of the Plan and Project  
Name of City and/or County: St. Robert  
Name of Plan or Project: St. Robert Redevelopment Project #2  
Report Period: 06/01/2017 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: SUNDOWNER HOSPITALITY LLC  
Person: JIM HOLTZMAN  
Phone: 314-565-7367  
Original Date Plan/Project Approved:  
Ordinance Number: 447  
Most Recent Plan Amendment: 12/01/2006  
Ordinance Number: 1959  
State House District: 148  
State Senate District: 16  
School District WAYNESVILLE R-VI SCHOOL DISTRICT  
Location:    
EMAIL  
Description of Plan/Project:    
Development of vacant land highly visible from Interstate 44 to a mix of commercial and residential use property  
Plan/Project Status: District Dissolved
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: 200 Actual To Date: 185
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: $2,877,112.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $650,314.00 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): $350,000.00 $0.00
Site Development (grading, dirt moving, etc): $525,000.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $325,000.00 $0.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $1,237,500.00 This Reporting Period: $136,348.00
Reimbursement of developer for eligible cost:    
Since Inception: $20,000.00 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $1,417,521.00 This Reporting Period: $38,000.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $1,649,988.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $325,000.00  
Other: $608,000.00  
Total Anticipated TIF Reimbursable Project Costs $2,582,988.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $2,582,988.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 19  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $156,660.00  
Assessed valuation added to the redevelopment project: $4,602,060.00  
Anticipated Assessed Value at Time of District Termination: $6,266,919.00  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $6,338.00  
Total Annual EATs Anticipated at Time of District Termination: $29,424.00  
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