Name of City and/or County:
Camdenton
Name of Plan or Project:
Oak Ridge Redevelopment Area
Report Period:
10/1/2018 to 9/1/2019
Name of the Person Who Prepared this Annual Report:
Renee Kingston
City or County Contact Agency:
Private Sector Developer:
Oak Ridge Landing Development Company
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
09/01/2016
Ordinance Number:
2601-16 2602-16 2603-16 2604-16
See previously submitted map - 132 acres located directly to the South of existing Wal-Mart facility and adjacent to and bounded by E US Hwy 54 to the North and intersecting with Cecil Street, Camdenton, Missouri
Description of Plan/Project:
Construction of approximately 764,200 sq ft of retail space -tenants yet to be determined
Plan/Project Status:
Seeking Developer
How was the "but-for" Determination Made?:
Number of Relocated Residences During This Report Period:
0
Number of Relocated Businesses During This Report Period:
0
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:
0
Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:
Estimate of New Jobs:
800
Estimate of Retained Jobs:
0
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$75,000.00
Amount on Hand:
$1,011.94
Economic Activity Taxes (EATs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
Total Revenue on hand in the Special Allocation Fund as of Report Date:
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:
Total Since Inception:
Report Period Only:
Public Infrastructure (streets, utilities, etc):
Site Development (grading, dirt moving, etc):
Rehab of Existing Buildings:
Acquisition of Land or Buildings:
AMOUNT PAID ON DEBT SERVICES:
Payments of principal and interest on outstanding bonded debt:
This Reporting Period:
$0.00
Reimbursement of developer for eligible cost:
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
This Reporting Period:
$0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$25,277,725.00
Property Acquisition and Relocation Costs:
$5,528,181.00
Project Implementation Costs:
$2,741,774.00
Total Anticipated TIF Reimbursable Project Costs:
$33,847,678.00
ANTICIPATED TOTAL PROJECT COSTS:
$119,692,880.00
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:
$317,420.00
Assessed Valuation Added to the Redevelopment Project:
$0.00
Anticipated Assessed Value at Time of District Termination:
$20,236,800.00
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
$0.00
Total Annual EATs Anticipated at Time of District Termination:
$83,496,742.00
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:
53%
Total Years Anticipated to Capture PILOTs:
23
