Name of City and/or County:
Strafford
Name of Plan or Project:
Strafford TIF District
Report Period:
1/1/2018 to 12/1/2018
Name of the Person Who Prepared this Annual Report:
Laura Lashley
City or County Contact Agency:
Private Sector Developer:
Harter House and Dollar General
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
11/01/2009
State House District:
145 originally, 137 due to redistricting
School District:
Strafford School District
The Development Area is along and on both sides of historic Route 66 and Main Street, including I-44 in Strafford
Description of Plan/Project:
To establish TIF development assistance in the district to make the area more attractive to developers. Primaryattraction for Harter House and Dollar General.
Plan/Project Status:
Fully-Operational
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:
0
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$934,506.00
Amount on Hand:
$82,703.00
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:
$782,377.00
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
Since Inception:
$146,057.00
This Reporting Period:
$0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$1,043,000.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$1,043,000.00
ANTICIPATED TOTAL PROJECT COSTS:
$5,087,607.23
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
12
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$1,195,380.00
Assessed Valuation Added to the Redevelopment Project:
$2,648,230.00
Anticipated Assessed Value at Time of District Termination:
$1,600,317.00
Total Amount of Base Year EATs:
$29,688.00
Total Amount of Base Year PILOTs:
$27,273.00
Total Annual EATs Anticipated at Time of District Termination:
$237,500.00
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:
0%
Total Years Anticipated to Capture PILOTs:
23
