View Tif

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:

4/1/2018 to 3/1/2019

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:

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:

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:

- None -

Estimate of New Jobs:

Actual To Date:

110

Estimate of Retained Jobs:

Actual To Date:

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:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$858,304.33

Amount on Hand:
(As of Report Date)

$62,549.20

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

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$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):

Current Anticipated Estimate (# of Year to Retirement):

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:

Percentage of PILOTs Captured:

50%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

South U.S. Highway 160 TIF Plan

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues