Name of City and/or County:
Bethany
Name of Plan or Project:
Northwest Interstate TIF Plan
Report Period:
10/1/2018 to 9/1/2018
Name of the Person Who Prepared this Annual Report:
Amber Hoyle
City or County Contact Agency:
Private Sector Developer:
none
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
12/01/2002
State Senate District:
12th
School District:
South Harrison R-2
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
How was the "but-for" Determination Made?:
Number of Relocated Residences During This Report Period:
0
Number of Relocated Businesses During This Report Period:
0
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:
0
Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:
Estimate of Retained Jobs:
60
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
Economic Activity Taxes (EATs):
Total Received since inception:
$282,280.92
Amount on Hand:
$0.00
Total Revenue on hand in the Special Allocation Fund as of Report Date:
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:
Total Since Inception:
Report Period Only:
Public Infrastructure (streets, utilities, etc):
Site Development (grading, dirt moving, etc):
Rehab of Existing Buildings:
Acquisition of Land or Buildings:
AMOUNT PAID ON DEBT SERVICES:
Payments of principal and interest on outstanding bonded debt:
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
Total Anticipated TIF Reimbursable Project Costs:
$750,465.00
ANTICIPATED TOTAL PROJECT COSTS:
$750,465.00
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
