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US Highway 63 Bypass
Section 1 Description of the Plan and Project  
Name of City and/or County: West Plains  
Name of Plan or Project: US Highway 63 Bypass  
Report Period: 04/01/2018 to 03/01/2019  
Name of the person who prepared this annual report: Todd Harman  
Contact Information:    
City or County Contact Agency:  
Phone: 417-256-7176  
Private Sector Developer: Rick Hoover  
Person: Rick Hoover  
Phone: 417-256-7689  
Original Date Plan/Project Approved:  
Ordinance Number: 4000  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: 154  
State Senate District: 33  
School District R-7  
Location:    
Phase 1 - 10 acres located in the southwest corner of 63 bypass and hwy 160, phase 2 - 45 acres located east of the 63 bypass between hwy 160 and K hwy  
Description of Plan/Project:    
Phase 1 - contains a national restaurant chain, strip mall, and a stand alone pharmacy. Phase 2 - future plans for retail  
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
Check Into Cash 1004 Worley (417) 255-9619 Relocated West Plains
Embellish Boutique 1000 Worley (417) 255-1777 Relocated West Plains
Verizon Wireless 1006 Worley (417) 257-0800 Relocated West Plains
Estimate of New Jobs: 70 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: $173,228.93 Amount on Hand: $389,585.76
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $930,435.93 Amount on Hand: $270,729.08
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $660,314.84
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $443,960.87 $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: $10,087.55 $711.70
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: $0.00 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: $7,000,000.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $7,000,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $32,005,500.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 0  
Current Anticipated Estimate (# of Year to Retirement): 0  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $112,790.00  
Assessed valuation added to the redevelopment project: $710,410.00  
Anticipated Assessed Value at Time of District Termination: $4,918,400.00  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $5,683.27  
Total Annual EATs Anticipated at Time of District Termination: $3,772,111.40  
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: 50%  
Total Years Anticipated to Capture PILOTs: 23