Elm Point Redevelopment Area Phase I & II
Section 1 Description of the Plan and Project  
Name of City and/or County: St. Charles  
Name of Plan or Project: Elm Point Redevelopment Area Phase I & II  
Report Period: 01/01/2018 to 12/01/2018  
Name of the person who prepared this annual report: Gina Jarvis  
Contact Information:    
City or County Contact Agency:  
Phone: 636-949-3302  
Private Sector Developer: MB Properties  
Person: Thomas Kuhn  
Phone: 636-949-0038  
Original Date Plan/Project Approved:  
Ordinance Number: 96-285  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: 65  
State Senate District: 23  
School District Orchard Farm  
Location:    
The area consists of approximately 280 acres located in the northern part of the city. The land was vacant except for 41 acres of a lime detention basin owned and operated by the city.  
Description of Plan/Project:    
The plan includes site evaluation, utility placement, stormwater detention and internal roadway improvements. Also, the plan anticipates the remediation of the lime detention basin. Private development will include mostly industrial space with possible office use in certain areas.  
Plan/Project Status: Under Construction
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
n/a
Reynolds Road House 3150 Elm Point New
Z-Bilt, LLC 40 Walsh St, Unit 5 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: $20,052,894.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $96,820.00 Amount on Hand: $219.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $219.00
   
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: $0.00 $0.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $13,157,388.00 This Reporting Period: $1,509,820.00
Reimbursement of developer for eligible cost:    
Since Inception: $7,735,000.00 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $1,228,118.00 This Reporting Period: $0.00
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: $0.00  
Other: $8,000,000.00  
Total Anticipated TIF Reimbursable Project Costs $8,000,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $99,724,668.00  
TIF FINANCING METHOD:  
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: $109,610.00  
Assessed valuation added to the redevelopment project: $22,260,479.00  
Anticipated Assessed Value at Time of District Termination: $30,443,910.00  
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: $75,000.00  
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