Dollar General Store
Section 1 Description of the Plan and Project  
Name of City and/or County: Sarcoxie  
Name of Plan or Project: Dollar General Store  
Report Period: 01/01/2018 to 12/01/2018  
Name of the person who prepared this annual report: Anderea Edward  
Contact Information:    
City or County Contact Agency:  
Phone: 4175487242  
Private Sector Developer: HEDGEAPPLE DEVELOPMENT  
Person: HEDGEAPPLE DEVELOPMENT  
Phone: 573-858-6183  
Original Date Plan/Project Approved:  
Ordinance Number: 894  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: HOUSE DISTRICT 126  
State Senate District: SENATE DISTRICT 32  
School District SARCOXIE SCHOOL DISTRICT  
Location:    
AREA LOCATED ALONG HIGHWAY 37 OR HIGH STREET AND INCLUDES THE CENTRAL BUSINESS DISTRICT OF THE CITY  
Description of Plan/Project:    
THE CITY SELECTED A DEVELOPER TO CONSTRUCT A NEW DOLLAR GENERAL. THIS IS NOW FINISHED AND FULLY OPERATIONAL, OFF OF HIGH 37. THE TIF PLAN ALLOWS FOR OTHER DEVELOPMENT TO OFFER, ALL TIF PROJECT WILL BE PAY AS YOU GO.  
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:    
- None -
Estimate of New Jobs: 20 Actual To Date: 9
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: $43,763.30 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $304,553.19 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): $4,856.80 $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: $0.00 This Reporting Period: $0.00
Reimbursement of developer for eligible cost:    
Since Inception: $295,859.66 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $84,966.97 This Reporting Period: $10,280.47
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: $0.00  
Total Anticipated TIF Reimbursable Project Costs $0.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $0.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 15  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $557,300.00  
Assessed valuation added to the redevelopment project: $0.00  
Anticipated Assessed Value at Time of District Termination: $713,613.00  
Total Amount of Base Year EATs: $154,500.00  
Total Amount of Base Year PILOTs: $31,192.00  
Total Annual EATs Anticipated at Time of District Termination: $224,168.00  
Total Annual PILOTs Anticipated at Time of District Termination: $0.00  
Percentage of EATs Captured: 50%  
Total Years Anticipated to Capture EATs: 16
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 16