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Section 1: Description of the Plan and Project

Name of City and/or County:

Rolla

Name of Plan or Project:

Westside Marketplace Redevelopment Project

Report Period:

10/1/2018 to 9/1/2019

Name of the Person Who Prepared this Annual Report:

Steffanie Rogers

Contact Information:

City or County Contact Agency:

Phone:

573-426-6980

Private Sector Developer:

UTW Rolla Development, LLC

Person:

Alan B. Bornstein

Phone:

314-259-5803

Original Date Plan/Project Approved:

Ordinance Number:

4297

Most Recent Plan Amendment:

Ordinance Number:

State House District:

121

State Senate District:

School District:

Rolla 31 School District

Location:

The approximately 144 acres and is located on the west, northwest, and north sides of the intersection of Interstate 44 I-44 and Kingshighway. The Area is within the City of Rolla, Missouri, on its west side, with a small portion of the Area in unincorporated Phelps County.

Description of Plan/Project:

The purpose of the Redevelopment Project is to reduce/eliminate blighted conditions on the subject property in order to facilitate economic development and revitalization of RPA 1. The Redevelopment Plan contains strategies and projections to construct a new retail center consisting of 339,000 SF of space for 5 retailers anchored by a Menards Store to retain and grow retail opportunities in the Rolla region.

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:

Name	Address	Phone Number	New or Relocated?	Rel. from What City/County
Academy TJ Max Menards Ross Petsmart	1575 Westside Dr 1525 Westside Dr 1601 Westside Dr 1551 Westside Dr 1501 Westside Dr			Rolla Rolla Rolla Rolla Rolla

Estimate of New Jobs:

250

Actual To Date:

317

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:

$3,127.00

Amount on Hand:
(As of Report Date)

$3,127.00

Economic Activity Taxes (EATs):

Total Received since inception:

$547,919.00

Amount on Hand:
(As of Report Date)

$67,996.00

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

$71,123.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$1,900,000.00

$0.00

Site Development (grading, dirt moving, etc):

$2,505,000.00

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$8,000,000.00

$0.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$551,046.00

This Reporting Period:

$551,046.00

Reimbursement of developer for eligible cost:

Since Inception:

$13,365,000.00

This Reporting Period:

$0.00

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

Since Inception:

$75,000.00

This Reporting Period:

$0.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$0.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$0.00

ANTICIPATED TOTAL PROJECT COSTS:

$0.00

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:

$130,658.00

Assessed Valuation Added to the Redevelopment Project:

$254,430.00

Anticipated Assessed Value at Time of District Termination:

$13,438,628.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$0.00

Total Annual EATs Anticipated at Time of District Termination:

$1,655,700.00

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:

75%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

Westside Marketplace Redevelopment Project

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues