Maryville Town Center Redevelopment Area 1 TIF
Section 1 Description of the Plan and Project  
Name of City and/or County: Maryville  
Name of Plan or Project: Maryville Town Center Redevelopment Area 1 TIF  
Report Period: 10/01/2018 to 09/01/2019  
Name of the person who prepared this annual report: Denise Town  
Contact Information:    
City or County Contact Agency:  
Phone: 660-562-8009  
Private Sector Developer: Maryville Partners, L.L.C.  
Person: David DJ Christie  
Phone: 913-649-4500  
Original Date Plan/Project Approved:  
Ordinance Number: 6730  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: 004  
State Senate District: 012  
School District Maryville R-II  
Location:    
The redevelopment area includes the S. Main road ROW west of the properties addressed 1107-1411 S. Main together with the properties addressed 1107-1411 S. Main, excluding addresses 1321 & 1325. The property is bounded on the east by Deluxe Mfg property, on the south by the Super Walmart, & on the north by the S. Avenue ROW.  
Description of Plan/Project:    
Area 1 project costs were estimated 7.531 million & involve the demolition of the 2 existing anchor spaces & construction of a new anchor space containing 48,800 sq ft, a junior anchor space containing 11,090 sq ft, the renovation of an existing retail strip facility comprised of 7 spaces containing approximately 11,000 sq ft, a new 2,800 sq ft convenience store & public improvements such as sidewalks, parking lots and other items.  
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
Euphoria Nails & Spa 1111 S. Main 660-562-2282 New
Estimate of New Jobs: 0 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: $1,254,582.00 Amount on Hand: $1.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $1,876,906.00 Amount on Hand: $95.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $96.00
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $705,000.00 $0.00
Site Development (grading, dirt moving, etc): $200,000.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $45,000.00 $0.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $2,970,886.00 This Reporting Period: $299,594.00
Reimbursement of developer for eligible cost:    
Since Inception: $1,950,000.00 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: $905,000.00  
Property Acquisition and Relocation Costs: $1,000,000.00  
Project Implementation Costs: $45,000.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $1,950,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $7,531,000.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 20  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $483,800.00  
Assessed valuation added to the redevelopment project: $1,563,380.00  
Anticipated Assessed Value at Time of District Termination: $2,000,000.00  
Total Amount of Base Year EATs: $138,733.00  
Total Amount of Base Year PILOTs: $18,069.00  
Total Annual EATs Anticipated at Time of District Termination: $220,000.00  
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