High Street Tax Increment Financing Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Jefferson City  
Name of Plan or Project: High Street Tax Increment Financing Plan  
Report Period: 10/01/2018 to 09/01/2019  
Name of the person who prepared this annual report: Shiela Pearre  
Contact Information:    
City or County Contact Agency:  
Phone: 573-634-6459  
Private Sector Developer: Juanita Donehue (deceased)  
Person: Sam Donehue, Owner  
Phone: 573-635-1332  
Original Date Plan/Project Approved:  
Ordinance Number: 13476  
Most Recent Plan Amendment: 07/01/2004  
Ordinance Number: 13750  
State House District: 60  
State Senate District: 6  
School District Jefferson City School District  
Location:    
900 - 902 East High Street in the Central East Side of Jefferson City  
Description of Plan/Project:    
Redevelopment and rehabilitation of historic property including public improvements sidewalk replacement, curbs, gutters, rear on-street parking  
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
none
Estimate of New Jobs: 15 Actual To Date: 0
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: $50,298.26 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $99,675.16 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): $0.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $147,482.00 $0.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $138,876.05 This Reporting Period: $7,379.85
Reimbursement of developer for eligible cost:    
Since Inception: $8,605.95 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $2,491.42 This Reporting Period: $2,491.42
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $0.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $147,482.00  
Other: $7,424.59  
Total Anticipated TIF Reimbursable Project Costs $154,906.59  
     
ANTICIPATED TOTAL PROJECT COSTS: $0.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 14  
Current Anticipated Estimate (# of Year to Retirement): 17  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $20,000.00  
Assessed valuation added to the redevelopment project: $50,130.00  
Anticipated Assessed Value at Time of District Termination: $400,000.00  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $345.00  
Total Annual EATs Anticipated at Time of District Termination: $7,000.00  
Total Annual PILOTs Anticipated at Time of District Termination: $0.00  
Percentage of EATs Captured: 50%  
Total Years Anticipated to Capture EATs: 17
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 17