Southside 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: Southside 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: Dunklin Street Properties, Inc  
Person: Lawrence Kolb & Steven Rollins  
Phone: 573-893-7320  
Original Date Plan/Project Approved:  
Ordinance Number: 14607  
Most Recent Plan Amendment: 07/01/2012  
Ordinance Number: 14988  
State House District: 60  
State Senate District: 6  
School District Jefferson City School District  
Location:    
An 8 square-block area in what is known as the south side of Jefferson City, about 1/2 mile south of the downtown core area including the 100 blocks of East and West Dunklin Street and the 600-700 blocks of Jefferson Street & Madison Street.  
Description of Plan/Project:    
Redevelopment of a commercial area to include sidewalk replacement, curbs, gutters, sewer line and under ground stormwater system repairs.  
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
Capital City Farmers Market 130 E Dunklin Street New
J Street Vintage LLC 615 Jefferson St 573-690-5846 New
MO Juice 130 E Dunklin Street New
Outlier Investment LLC, dba Red Sky 112 E Dunklin St 5736361007 New
Some Like It Haute 120 E Dunklin St Jefferson City/Cole
The Green Button 701 Jefferson New
Estimate of New Jobs: 40 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: $125,060.63 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $196,763.70 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): $524,839.00 $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: $8,211.76 $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: $288,051.17 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $2,070.00 This Reporting Period: $230.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $530,000.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $530,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $530,000.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 10  
Current Anticipated Estimate (# of Year to Retirement): 20  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $668,760.00  
Assessed valuation added to the redevelopment project: $448,340.00  
Anticipated Assessed Value at Time of District Termination: $3,500,000.00  
Total Amount of Base Year EATs: $273,394.29  
Total Amount of Base Year PILOTs: $0.00  
Total Annual EATs Anticipated at Time of District Termination: $0.00  
Total Annual PILOTs Anticipated at Time of District Termination: $0.00  
Percentage of EATs Captured: 50%  
Total Years Anticipated to Capture EATs: 20
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 20