Jordan Valley Park TIF
Section 1 Description of the Plan and Project  
Name of City and/or County: Springfield  
Name of Plan or Project: Jordan Valley Park TIF  
Report Period: 01/01/2018 to 12/01/2018  
Name of the person who prepared this annual report: Matt D. Schaefer  
Contact Information:    
City or County Contact Agency:  
Phone: 417-864-1035  
Private Sector Developer: Atrium Holding Company  
Person: Kyle Bowman,VP Asset Management & Business Dev.  
Phone: 678-335-6936  
Original Date Plan/Project Approved:  
Ordinance Number: 23917  
Most Recent Plan Amendment: 11/01/2001  
Ordinance Number: 24114  
State House District: 132 and 135  
State Senate District: 30  
School District Springfield R-XII  
Location:    
The Area consists of approximately 30 blocks located in Springfield's central business district, which are generally bounded by the BNSF Railroad to the north, the south property lines of properties along the south side of East Walnut Street to the south, National Avenue to the east, and Jefferson Avenue to the west.  
Description of Plan/Project:    
The Plan will revitalize the Area and positively impact all of central Springfield through the development of public improvements and concurrent private development. Projects within the area include a municipally-owned recreational ice facility, exposition hall, a public park, privately owned minor league baseball stadium, parking deck, and a business class hotel.  
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
Aspen Springfield 307 S National Ave 417-840-3509 New Business
Balance Fitness Studio 601 N. National Avenue
Barbershop Deluxe 1206 E. Elm Street
Bar-Ter, LLC 1150 E. Elm Street
Body & Sole Day Spa 1122 E. Walnut (417) 350-2991 New
Brad's Auto Repair 1243 E Saint Louis St New Business
Carhop Auto Sales & Finance 510 E. McDaniel Street (417) 831-6913 New
Clearview Insurance and Financial Services 901 E St Louis St Ste 404 417-866-5151 New Business
Collins Law Firm 300 S. John Q. Hammons Pkwy
Culture Flock Clothing 601 N National Ave New Business
CVS Pharmacy 1153 E Elm St 417-831-0380 New Business
CVS Pharmacy 1155 E St Louis St 417-831-0380 New Business
David Grant, Attorney 1050 E. Walnut (417) 833-5564 New
EmBark Staffing, LLC 901 E Saint Louis St 417-849-9995 New Business
Equally Yoked Dating Service 300 S. John Q. Hammons Pkwy.
Fleetpride, Inc. 1225 E. Trafficway St.
Gameday Smokehouse 1218 E. Trafficway St.
Herman's Custom Builders 350 S John Q Hammons Pkwy 417-268-0891 New Business
Heroes Coffee 601 N. National (417) 831-3737 New
Jim's Transmission 1227 E. St. Louis Ave. New
Kenneth Fattmann, Jr, MD 1201 E. Walnut New
King Cuts 1212 E Trafficway St New Business
Meg White Photography 601 N. National Avenue
Metro PCS 218 N National Ave 417-319-5565 New Business
MMM Delicious Catering, LLC 307 S. National Avenue
Neighborhood Tire 'N Wheel 1243 E. St. Louis Street
Nic Perry Services 1101 E. Walnut (816) 405-8290 New
Olsson Associates, Inc. 550 E. St. Louis Street
Online Marketing Giant 1050 E Walnut St 417-720-4859 New Business
Party Pizza 1129 E. Walnut (417) 864-8243 New
Phase 2 Site Planning & Design, LLC 503 E. St. Louis Street
Precision Glass Tinting 1231 E. St. Louis Avenue (417) 865-8468 New
Price Cutter 1260 E Saint Louis St 417-895-3107 New Business
Price Cutter 1260 E St Louis St 417-895-3107 New Business
Raby Auto Sales 1227 E Saint Louis St 417-425-6488 New Business
Rama Thai Café 1129 E Walnut St 417-865-3204 New Business
Redbox Automated Retail 1260 E. St. Louis (630) 297-9762 New
Redbox Automated Retail, LLC 620 N. National New
Robert D. McGee, Attorney 601 N. National (417) 869-6159 New
Russell Architects, PC 300 John Q. Hammons Pkwy
Shape Shifters Pilates 601 N. National Avenue (417) 890-6749 New
Storage Climate Controlled 1240 E Trafficway St 417-869-3333 New Business
The Old Glass Place 521 E Saint Louis St 417-501-8035 New Business
Thomas DeVol Psychologist 901 E. St. Louis Street
Twibell Johnson Johnson & Yocum 901 E. St. Louis Street
Twisted Hair Shop 601 N. National Avenue
Twisted Hair Shop 601 N National Ave 417-893-1576 New Business
Viva Concierge, LLC 350 S John Q Hammons Pkwy 417-414-4269 New Business
Wheel Kings 1212 E. Trafficway St.
Wing Shack 307 S. National (417) 831-9464 New
Yellowpages.com, LLC 300 S John Q Hammons Pkwy 678-406-5523 New Business
YP Advertising and Publishing, LLC 300 S John Q Hammons Pkwy 678-406-5523 New Business
Zumba Fitness with Carey Kelley 736 E Walnut St 417-316-3562 New Business
Estimate of New Jobs: 335 Actual To Date: 387
Estimate of Retained Jobs: 10 Actual To Date: 293
     
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: $2,789,164.65 Amount on Hand: $19,164.65
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $341,529.00 Amount on Hand: $1,123.49
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $20,288.14
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $0.00 $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: $28,809,039.00 $0.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $3,110,405.51 This Reporting Period: $335,000.00
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: $2,600,000.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $18,500,000.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $21,100,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $150,545,000.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 23  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $7,901,230.00  
Assessed valuation added to the redevelopment project: $5,038,630.00  
Anticipated Assessed Value at Time of District Termination: $12,928,648.00  
Total Amount of Base Year EATs: $1,757,951.00  
Total Amount of Base Year PILOTs: $188,946.38  
Total Annual EATs Anticipated at Time of District Termination: $313,516.00  
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