Eureka-South I-44 Redevelopment Area 2005 TIF Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Eureka  
Name of Plan or Project: Eureka-South I-44 Redevelopment Area 2005 TIF Plan  
Report Period: 09/01/2018 to 08/01/2019  
Name of the person who prepared this annual report: Barbara Flint  
Contact Information:    
City or County Contact Agency:  
Phone: 636-938-5233  
Private Sector Developer: CV Eureka  
Person: Tom Mohan  
Phone: 314-373-7787  
Original Date Plan/Project Approved:  
Ordinance Number: 1845  
Most Recent Plan Amendment: 08/01/2009  
Ordinance Number: 2090  
State House District: 89  
State Senate District: 26  
School District Rockwood & Meramec Valley  
Location:    
See file for description and boundary map attached to TIF Annual Report for period 8/16/05-08/15/06.  
Description of Plan/Project:    
Retail and residential see file.  
Plan/Project Status: Inactive
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:    
- None -
Estimate of New Jobs: 300 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: $8,299,236.87 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $180,926.77 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: $2,071,272.04 $262,172.07
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $6,364,313.99 This Reporting Period: $802,000.00
Reimbursement of developer for eligible cost:    
Since Inception: $0.00 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $145,495.44 This Reporting Period: $12,613.12
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $25,500,000.00  
Property Acquisition and Relocation Costs: $9,000,000.00  
Project Implementation Costs: $500,000.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $35,000,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $534,230,000.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 12  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $1,175,560.00  
Assessed valuation added to the redevelopment project: $10,895,340.00  
Anticipated Assessed Value at Time of District Termination: $117,987,958.00  
Total Amount of Base Year EATs: $19,500.00  
Total Amount of Base Year PILOTs: $100,357.00  
Total Annual EATs Anticipated at Time of District Termination: $1,983,200.00  
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