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South U.S. Highway 160 TIF Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: West Plains  
Name of Plan or Project: South U.S. Highway 160 TIF Plan  
Report Period: 04/01/2018 to 03/01/2019  
Name of the person who prepared this annual report: Todd Harman  
Contact Information:    
City or County Contact Agency:  
Phone: 417-256-7176  
Private Sector Developer: K Guffey, West Plains Pro, Games People Play  
Person: K Guffey, G Ramseur, A Ramseur, J Hall, T Smith  
Phone: 417-256-7176  
Original Date Plan/Project Approved:  
Ordinance Number: 3937  
Most Recent Plan Amendment: 05/01/2009  
Ordinance Number: 4113  
State House District: 154  
State Senate District: 33  
School District R-7, R-11  
Location:    
TIF boundary was reduced in September 2016. A copy of the new map and area that was removed was sent to the Missouri DOR  
Description of Plan/Project:    
same as previous reports, no changes or new plans  
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
Aaron's 1413 Mitchell (417) 255-2225 New
AT&T Communications 1635 Bruce Smith (417) 256-2303 Relocated West Plains
King Garden Buffet 1805 Bruce Smith (417) 255-2883 New
O'Reilly Automotive 1411 Preacher Roe (417) 256-2118 New
Primas 1639 Bruce Smith (417) 255-2339 Relocated West Plains
Rockhouse 6 BBQ 1643 Bruce Smith Pkwy. (417) 257-7427 New
Shay's Clothing 1401 Mitchell Rd. (417) 256-3550 New
Estimate of New Jobs: 80 Actual To Date: 110
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: $2,128,983.74 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $858,304.33 Amount on Hand: $62,549.20
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $62,549.20
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $2,883,265.41 $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: $33,348.96 $2,606.21
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: $0.00 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $0.00 This Reporting Period: $0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $12,775,000.00  
Property Acquisition and Relocation Costs: $711,000.00  
Project Implementation Costs: $499,000.00  
Other: $300,000.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $14,285,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $61,838,000.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 0  
Current Anticipated Estimate (# of Year to Retirement): 0  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $617,710.00  
Assessed valuation added to the redevelopment project: $3,194,970.00  
Anticipated Assessed Value at Time of District Termination: $21,316,725.00  
Total Amount of Base Year EATs: $38,591.00  
Total Amount of Base Year PILOTs: $52,939.00  
Total Annual EATs Anticipated at Time of District Termination: $777,334.00  
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: 50%  
Total Years Anticipated to Capture PILOTs: 23