First Amended I-70 Interchange Plan of Higginsvill
Section 1 Description of the Plan and Project  
Name of City and/or County: Higginsville  
Name of Plan or Project: First Amended I-70 Interchange Plan of Higginsvill  
Report Period: 09/01/2018 to 09/01/2019  
Name of the person who prepared this annual report: Donna Brown  
Contact Information:    
City or County Contact Agency:  
Phone: 1665846771  
Private Sector Developer: Pilot Travel Centers LLC  
Person: Property Tax Department  
Phone: 4194213759  
Original Date Plan/Project Approved:  
Ordinance Number: 1831-1832  
Most Recent Plan Amendment: 12/01/2099  
Ordinance Number: 1873  
State House District: 53  
State Senate District: 21  
School District Lafayette County C-1 249  
Location:    
67.5 acres located in the northeastern quadrant of the intersection between I-70 and Missouri Highway 13 and is generally bounded by I-70 on the south, and the city limits of Higginsville on the west, east, and north.  
Description of Plan/Project:    
The improvements will include the construction of a travelcenter, including the installation of gas and diesel pumps, terminals, commercial space and approximately 180 parking spaces demolition and reconstruction of gas station extension of relocated main, construction of an elevated water tank.  
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:    
Name Address Phone Number New or Relocated? Rel. from What City/County
McDonald's Restaurant 1865 Highway 13 660-584-8899 New Start Up
Estimate of New Jobs: 100 Actual To Date: 39
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: $1,049,504.66 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $1,663,124.39 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): $1,611,486.00 $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: $2,657,076.87 This Reporting Period: $173,980.54
Reimbursement of developer for eligible cost:    
Since Inception: $0.00 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $13,618.67 This Reporting Period: $920.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $707,100.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $116,500.00  
Other: $803,280.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $1,626,880.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $1,626,880.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 4  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $15,438.00  
Assessed valuation added to the redevelopment project: $534,061.00  
Anticipated Assessed Value at Time of District Termination: $400,000.00  
Total Amount of Base Year EATs: $46,501.39  
Total Amount of Base Year PILOTs: $94,383.42  
Total Annual EATs Anticipated at Time of District Termination: $150,000.00  
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