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Section 1: Description of the Plan and Project

Name of City and/or County:

Desloge

Name of Plan or Project:

Highway 67 Tax Financing District

Report Period:

10/1/2018 to 9/1/2019

Name of the Person Who Prepared this Annual Report:

Stephanie Marie Daffron

Contact Information:

City or County Contact Agency:

Phone:

5734313700

Private Sector Developer:

Person:

Phone:

573-431-3700

Original Date Plan/Project Approved:

Ordinance Number:

1997.21

Most Recent Plan Amendment:

04/01/2005

Ordinance Number:

2005.06

State House District:

117

State Senate District:

003

School District:

North St. Francois County R-1

Location:

The Project has not changed since the 2005 amendment previously submitted.

Description of Plan/Project:

The current plan is to improve commercial development.

Plan/Project Status:

Under Construction

Area Type:

How was the "but-for" Determination Made?:

Number of Relocated Residences During This Report Period:

Number of Relocated Businesses During This Report Period:

Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:

Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:

Name	Address	Phone Number	Rel. from What City/County
Clay Medical Supplies	1131 N. Desloge Dr.	573-431-5183	New location within the TIF district.
D & D Distributors Inc/DBA Grey Eagle Distributors	319 N. State St.	314-429-9100	New
Dollar General	1122 N. Desloge Dr.	615-855-4862	New location within the TIF district.
Good Vibes	617 N. Cowling Suite E	573-526-6036	New
Imperial Chefs Inc	1140 N. Desloge Dr.	573-631-7888	New
JHI Inc.	407 N. State St.	573-518-0003	New
Parkland Apothecary/DBA Parkland Health Mart	1131 N. Desloge Dr.	573-747-8333	New location within the TIF district.
Sisters Holistic	1136 N. Cowling Suite D	573-327-9717	New
UF Boutique LLC	1136 N. Desloge Dr. Suite E	573-327-9940	New

Estimate of New Jobs:

Actual To Date:

Estimate of Retained Jobs:

200

Actual To Date:

210

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:

$3,891,663.00

Amount on Hand:
(As of Report Date)

$294,217.00

Economic Activity Taxes (EATs):

Total Received since inception:

$16,690,474.00

Amount on Hand:
(As of Report Date)

$1,298,464.00

Total Revenue on hand in the Special Allocation Fund as of Report Date:

$1,592,681.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$13,695,971.00

$0.00

Site Development (grading, dirt moving, etc):

$93,583.00

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$2,387,499.00

$423,338.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$3,967,750.00

This Reporting Period:

$0.00

Reimbursement of developer for eligible cost:

Since Inception:

$1,036,634.00

This Reporting Period:

$0.00

Reimbursement to city/county (or other public entity) for eligible costs:

Since Inception:

$925,767.00

This Reporting Period:

$0.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$18,695,797.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$18,695,797.00

ANTICIPATED TOTAL PROJECT COSTS:

$18,695,797.00

TIF FINANCING METHOD:

MATURITY OF TIF OBLIGATIONS:

Original Estimate (# of Years to Retirement):

Current Anticipated Estimate (# of Year to Retirement):

ESTIMATED INCREASE IN TAX GENERATION:

Original Assessed Value of the Redevelopment Project:

$1,944,520.00

Assessed Valuation Added to the Redevelopment Project:

$4,948,880.00

Anticipated Assessed Value at Time of District Termination:

$6,000,000.00

Total Amount of Base Year EATs:

$810,919.00

Total Amount of Base Year PILOTs:

$1,944,520.00

Total Annual EATs Anticipated at Time of District Termination:

$15,000,000.00

Total Annual PILOTs Anticipated at Time of District Termination:

$0.00

Percentage of EATs Captured:

50%

Total Years Anticipated to Capture EATs:

Percentage of PILOTs Captured:

100%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

Highway 67 Tax Financing District

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues