Northwest Interstate TIF Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Bethany  
Name of Plan or Project: Northwest Interstate TIF Plan  
Report Period: 10/01/2018 to 09/01/2018  
Name of the person who prepared this annual report: Amber Hoyle  
Contact Information:    
City or County Contact Agency:  
Phone: 6604253511  
Private Sector Developer: none  
Person:  
Phone:  
Original Date Plan/Project Approved:  
Ordinance Number: 1037  
Most Recent Plan Amendment: 12/01/2002  
Ordinance Number: 1050  
State House District: 3rd  
State Senate District: 12th  
School District South Harrison R-2  
Location:    
Approximately 80 acres located west of I-35 from Hwy 69 spur and on either side of 39th Street and the 39th Street right-of-way, south to US 136 Miller St  
Description of Plan/Project:    
Construct public improvements in two phases 1 street 2 water, sewer, electric & gas services  
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
Addison Insurance 410 N. 39th 660-425-3520 Bethany
CTL Farms 389 S. 39th 660-425-6344 Harrison County
Remmers Design 389 S. 39th 660-425-8998 Bethany
Sigrist & Assoc 502 S. 39th 660-425-6376 Bethany
Smoker's Palace 504 S. 39th 660-425-7800 Trenton, MO
Estimate of New Jobs: 0 Actual To Date: 0
Estimate of Retained Jobs: 60 Actual To Date: 60
     
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: $595,157.24 Amount on Hand: $23,339.70
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $282,280.92 Amount on Hand: $0.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $23,339.70
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $1,334,202.48 $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: $21,231.33 $0.00
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: $146,627.99 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $340,606.59 This Reporting Period: $0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $614,465.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $136,000.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $750,465.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $750,465.00  
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: $556,880.00  
Assessed valuation added to the redevelopment project: $817,640.00  
Anticipated Assessed Value at Time of District Termination: $1,116,288.00  
Total Amount of Base Year EATs: $10,665.00  
Total Amount of Base Year PILOTs: $33,292.00  
Total Annual EATs Anticipated at Time of District Termination: $25,965.00  
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