Arnold Triangle Redevelopment Area
Section 1 Description of the Plan and Project  
Name of City and/or County: Arnold  
Name of Plan or Project: Arnold Triangle Redevelopment Area  
Report Period: 09/01/2017 to 08/01/2018  
Name of the person who prepared this annual report: Bill Lehmann  
Contact Information:    
City or County Contact Agency:  
Phone: 636-282-6666  
Private Sector Developer: THF Arnold Triangle Development LLC  
Person: Lou Mamamas  
Phone: 314-739-4533  
Original Date Plan/Project Approved:  
Ordinance Number: 14.376  
Most Recent Plan Amendment: 04/01/2009  
Ordinance Number: 14.439  
State House District: 101  
State Senate District: 22  
School District Fox C-6  
Location:    
An area located at the SW corner of Interstate 55 and MO Hwy 141 generally bounded on the south by Church Road and on the west by Old Lemay Ferry Road.  
Description of Plan/Project:    
Development of fifty 50 acres of existing commercial and residential property for retail and commercial purposes.  
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
America's Best Contacts 878 Arnold Commons Dr New
Carol's Hallmark 832 Arnold Commons Dr Relocated Arnold
Chilli's 901 Arnold Commons Dr New
Dierbergs Foods New New business
Dollar Tree 906 Arnold Commons Dr New Opened 2nd Arnold Store
Edible Arrangements 840 Arnold Commons Dr. New
Elite Nail Spa 876 Arnold Commons Dr. New
Lowe's Home Improvement Center New New business
Mattress Source 884 Arnold Commons Dr. New
Nails & More 852 Arnold Commons Dr. New
Office Depot New New business
Penn Station 844 Arnold Commons Dr New
Petsmart 828 Arnold Commons Dr New
Qdoba 905 Arnold Commons Dr. New
St. Louis Bread Company 909 Arnold Commons Dr New
Starla's Hair Salon 862 Arnold Commons Dr New
Supercuts 842 Arnold Commons Dr New
Texas Roadhouse 806 Arnold Commons Dr New
UMB Bank 827 Arnold Commons Dr Relocated Arnold
Value Place Hotel 888 Arnold Commons Dr New
Estimate of New Jobs: 300 Actual To Date: 635
Estimate of Retained Jobs: 5 Actual To Date: 5
     
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: $7,807,270.00 Amount on Hand: $504.35
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $19,337,396.00 Amount on Hand: $847,649.14
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $848,153.49
   
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): $0.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $1,100,561.10 $0.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $24,250,917.94 This Reporting Period: $2,837,375.00
Reimbursement of developer for eligible cost:    
Since Inception: $20,601,568.93 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: $10,000,000.00  
Property Acquisition and Relocation Costs: $11,000,000.00  
Project Implementation Costs: $0.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $21,000,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $90,000,000.00  
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: $1,700,400.00  
Assessed valuation added to the redevelopment project: $12,399,011.00  
Anticipated Assessed Value at Time of District Termination: $12,712,094.00  
Total Amount of Base Year EATs: $25,002.32  
Total Amount of Base Year PILOTs: $128,213.00  
Total Annual EATs Anticipated at Time of District Termination: $3,494,086.00  
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