EBR Enterprises, LLC/HHS Properties, Inc. TIF Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: St. Joseph  
Name of Plan or Project: EBR Enterprises, LLC/HHS Properties, Inc. TIF Plan  
Report Period: 07/01/2017 to 06/01/2018  
Name of the person who prepared this annual report: Rich Karleskint - Budget Financial Analyst  
Contact Information:    
City or County Contact Agency:  
Phone: 816-271-5526  
Private Sector Developer: EBR Enterprises, LLC & Mosaic Life Care Properties  
Person: Ryan Rush  
Phone: 816-271-6816  
Original Date Plan/Project Approved:  
Ordinance Number: 6739  
Most Recent Plan Amendment: 03/01/2007  
Ordinance Number: 7045  
State House District: 27  
State Senate District: 34  
School District 294  
Location:    
13.2 acres of land at the intersection of Blackwell Road and the Belt Highway  
Description of Plan/Project:    
This plan provides for the redevelopment of the area consisting of 13.2 acres at the intersection of Blackwell Road and the Belt Highway. It consists of three project areas, consisting of retail space and office space with construction be completed in October of 2008. The plan provides for public infrastructure improvements including road improvements to Blackwell Road and to the Belt Highway.  
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:    
Name Address Phone Number New or Relocated? Rel. from What City/County
Cheddar's Casual Café 5302 N. Belt Hwy St. Joseph, MO (816) 233-0202 New
Complete Nutrition Store 5210 North Belt Highway (816) 273-0046 New
Heartland Clinic Comprehensive Family Care 5210 Belt Highway (816) 271-1330 Relocated St. Joseph
Kentucky Fried Chicken 5332 N. Belt Hwy St. Joseph, MO (816) 232-6532 New
Olive Garden Restaurant 5312 N. Belt Hwy St. Joseph, MO (816) 232-3001 New
The Spa at North Pointe 5210 N Belt Hwy. (816) 271-8888 New
Estimate of New Jobs: 203 Actual To Date: 344
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: $2,049,399.57 Amount on Hand: $6,430.71
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $1,622,793.03 Amount on Hand: $0.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $6,430.71
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $2,049,740.98 $0.00
Site Development (grading, dirt moving, etc): $1,593,048.04 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $265,954.40 $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: $2,085,603.75 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $694,534.74 This Reporting Period: $75,614.33
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $3,656,539.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $265,954.00  
Other: $1,000,000.00  
Other: $607,127.00  
Total Anticipated TIF Reimbursable Project Costs $5,529,620.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $31,633,074.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 11  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $130,310.00  
Assessed valuation added to the redevelopment project: $2,944,020.00  
Anticipated Assessed Value at Time of District Termination: $6,214,456.49  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $8,943.83  
Total Annual EATs Anticipated at Time of District Termination: $429,237.39  
Total Annual PILOTs Anticipated at Time of District Termination: $0.00  
Percentage of EATs Captured: 22%  
Total Years Anticipated to Capture EATs: 23
Percentage of PILOTs Captured: 30%  
Total Years Anticipated to Capture PILOTs: 23