East Hills Mall
Section 1 Description of the Plan and Project  
Name of City and/or County: St. Joseph  
Name of Plan or Project: East Hills Mall  
Report Period: 07/01/2017 to 06/01/2018  
Name of the person who prepared this annual report: Rich Karleskint  
Contact Information:    
City or County Contact Agency:  
Phone: 816-271-5526  
Private Sector Developer: MD Management, Inc.  
Person: Adam Feldman  
Phone: 913-831-2996  
Original Date Plan/Project Approved:  
Ordinance Number: 7242  
Most Recent Plan Amendment: 11/01/2013  
Ordinance Number: 8714  
State House District: 28  
State Senate District: 34  
School District 294  
Location:    
The project area is located at the southeast corner of the intersection of Belt Highway and Frederick Boulevard.  
Description of Plan/Project:    
1 Construct improvements to Belt Hwy & Frederick Blvd intersection including traffic & crosswalk signals, illuminated street signs, landscaping, streetscape, etc. 2 Upgrade Belt entry & Frederick entry signals, 3 demolish & renovate significant portions of exterior, 4 demolish & renovate significant portions of the interior including construction of a food court, 5 construct 45,000 sq ft of new lifestyle retail space.  
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
808 Bounce Party Rental 3702 Frederick Ave. (808) 366-6055 New
Auntie Anne's 3702 Frederick Ave 886-259-5251 New
Bag Habit 3702 Frederick Ave (816) 273-0095 New
Best Buy Mobile 3702 Frederick Ave (816) 671-1345 New
Body Central 3702 Frederick Ave (816) 901-9501 New
C & C Marketing 3702 Frederick Ave. (816) 749-4210 New
Cell Fashion 3702 Frederick Avenue (816) 232-1632 New
Charlotte Russe Women's Apparel 3702 Frederick Ave (816) 387-8688 New
Charming Charlie Women's Accessories 3702 Frederick Ave (816) 676-0491 New
Children's Place 3702 Frederick Avenue (816) 233-3649 New
Christopher & Banks 3702 Frederick Avenue (808) 366-6055 New
Coach House Gifts 3702 Frederick Ave (816) 901-9155 New
Cravings Restaurant 3702 Frederick Ave (816) 232-1789 New
Excell Entertainment 3702 Frederick Avenue (816) 279-5667 New
Fanzz Sports Apparel 3702 Frederick Ave (816) 387-8400 New
GB Chinese Restaurant 3702 Frederick Ave. (816) 676-2477 New
Gordman's Department Store 3702 Frederick Ave (816) 279-5667 New
Jock's Nitch Sports Apparel 3702 Frederick Ave. (816) 387-4440 New
Kay Klay 3702 Frederick Ave 816-492-1177 New
Kaylee's Closet Children's Apparel 3702 Frederick Ave (816) 279-5667 New
Leibowitz Menswear 3702 Frederick Ave 816-279-7481 Relocated from within City
Metro PCS 3702 Frederick Ave 816-676-1030 New
Off Broadway Shoes 3702 Frederick Ave (816) 901-9356 New
Pigtails & Inkwells Education Supplies 3702 Frederick Ave (816) 233-1720 New
Pony Express Sports 3702 Frederick Ave 816-232-3944 New
Purses & More 3702 Frederick Avenue (816) 279-5667 New
Spencer's 3702 Frederick Ave 816-364-3170 New
Sprint Cellular 3702 Frederick Avenue (816) 279-3383 New
Stitches Alterations 3702 Frederick Avenue (816) 671-9990 New
Stuff 4 U 3702 Frederick Avenue (816) 387-6644 New
Sweet Spot Confectionary 3702 Frederick Avenue (816) 279-3383 New
Texas Roadhouse Restaurant 3702 Frederick Avenue (816) 676-2333 New
Tokyo-San 3702 Frederick Avenue (816) 676-2477 New
Ultimate Toys 3702 Frederick Avenue (816) 279-4340 New
Vision Works Eye Care Center 3702 Frederick Ave (816) 279-5667 New
Estimate of New Jobs: 600 Actual To Date: 401
Estimate of Retained Jobs: 756 Actual To Date: 439
     
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: $4,947,106.26 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $4,221,740.98 Amount on Hand: $2,713.71
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $2,713.71
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $10,199,176.00 $0.00
Site Development (grading, dirt moving, etc): $7,602,625.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $135,272.00 $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: $8,751,425.76 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $344,294.20 This Reporting Period: $22,215.74
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $18,279,936.00  
Property Acquisition and Relocation Costs: $1,000,000.00  
Project Implementation Costs: $50,000.00  
Other: $8,729,791.00  
Other: $2,837,315.00  
Total Anticipated TIF Reimbursable Project Costs $30,897,042.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $131,056,412.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 13  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $7,422,360.00  
Assessed valuation added to the redevelopment project: $9,781,220.00  
Anticipated Assessed Value at Time of District Termination: $27,335,405.00  
Total Amount of Base Year EATs: $1,426,998.00  
Total Amount of Base Year PILOTs: $525,651.00  
Total Annual EATs Anticipated at Time of District Termination: $2,835,606.00  
Total Annual PILOTs Anticipated at Time of District Termination: $0.00  
Percentage of EATs Captured: 13%  
Total Years Anticipated to Capture EATs: 23
Percentage of PILOTs Captured: 25%  
Total Years Anticipated to Capture PILOTs: 23