Old Town Redevelopment Area TIF
Section 1 Description of the Plan and Project  
Name of City and/or County: St. Peters  
Name of Plan or Project: Old Town Redevelopment Area TIF  
Report Period: 10/01/2018 to 09/01/2019  
Name of the person who prepared this annual report: Julie Powers and Rita Westerson  
Contact Information:    
City or County Contact Agency:  
Phone: 636-477-6600  
Private Sector Developer: na  
Person:  
Phone:  
Original Date Plan/Project Approved:  
Ordinance Number: 2469  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: 17  
State Senate District: 23  
School District Ft Zumwalt  
Location:    
The redevelopment area is bounded on the east by Spencer Cree, on the south by the right-of-way of Interstate 70, on the west by Dardenne Creek and on the north by the Corps of Engineers Old Town St. Peters Levee.  
Description of Plan/Project:    
The plan permits the use of TIF Funds to increase the flood protection to the 500-year level from 100 year protection to encourage redevelopment of tracts fronting I-70, revitalization of Old Town St. Peters and development of infrastructure for development of industrial and commercial sites. Infrastructure improvements near a new commercial development have been completed the large commercial development is completed and open for business.  
Plan/Project Status: Seeking Developer
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
All-Stars Transmission, LLC 320 Depot Street (636) 397-0220 Relocated St. Charles
American Builders & Contractors Supply Co. 5140 N. Service Road (636) 279-1398 New
ASAP Lock & Key, LLC 300 Main Street (636) 634-8062 New
Auto Star Motor Co, LLC 148 N. Gatty (636) 397-4677 Relocated O'Fallon
Bob Marquart Masonry 1100 Mid Rivers Industrial (636) 443-1900 Relocated Belfountain Neighbors
Budget HVAC & Plumbing, LLC 310 Main Street (636) 887-2800 Relocated Wright City
Country Club Limousines 5140 North Service Road (636) 928-5466 St. Charles (city)
Da-Elite Bar & Grill, LLC 100 Main Street (314) 949-6012 New
Done Right Lawn Care LLC 148 N. Gatty Drive 636-373-3902 New business
Duggan Contracting Corporation 1130 Mid Rivers Industrial (636) 936-1566 Relocated St. Peters
El Patio Café, LLC 100 Main Street (636) 978-0117 New
Fixture Concepts 1110 Mid Rivers Industrial (636) 441-2210 Relocated St. Peters
Innovative Drywall Solutions 1120 Mid Rivers Industrial (636) 936-2288 New
Kenney Outdoor Solutions 82 Didion Drive (314) 731-1499 New
M & M Guns & Supplies, LLC 16 Main St. (636) 387-1199 New
Malone's Landscaping 80 Didion Drive (636) 970-1099 Relocated Florissant
Mark's Karts 338 Depot Avenue (314) 313-9008 New
Mary's Morsels & More 119 Main St. (636) 279-1550 New
Mattingly Lumber & Millwork, Inc. 119 Didion Drive (636) 343-3877 New
Metro Lift Propane 167 Ecology (636) 397-3010 Hazelwood
Michael's Carpet & Linoleum, Inc. 106 N. Church Street (636) 970-6000 New
Old Town Auto & Truck Repair, LLC 338 Depot Street (636) 397-0100 New
Palmer Insurance & Investments 305 Depot Street (636) 970-2000 Relocated St. Charles City
Pavement Solutions 20 Mid Rivers Trade Ct. (314) 731-0500 New
Professional Scuba Repair 119 Didion Drive (636) 577-5626 New
R & A Contracting, Inc. 1480 Mid-Rivers Industrial Drive New
Ronan New Vision Signs and Solutions 330 Depot Avenue 636-397-5112 New Business
SMF, Inc. 1140 Mid Rivers Industrial (314) 862-0918 Relocated St. Louis city
Stevenson Heating & Cooling 103 Main St. (314) 602-4432 New
Trademark Real Estate 219 Main Street 636-614-4888 New Business
Twin Rivers Kennel 101 Didion Dr. (636) 397-3323 Relocated St. Charles County
Wm. Noble & Co, LLC 5160 N. Service Road (636) 244-3107 New
Estimate of New Jobs: 0 Actual To Date: 591
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: $11,187,298.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $11,331,571.00 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): $15,863,521.00 $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: $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: $8,130,000.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $200,000.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $8,330,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $236,100,100.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 0  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $4,205,440.00  
Assessed valuation added to the redevelopment project: $19,210,415.00  
Anticipated Assessed Value at Time of District Termination: $76,950,400.00  
Total Amount of Base Year EATs: $55,532.00  
Total Amount of Base Year PILOTs: $355,569.00  
Total Annual EATs Anticipated at Time of District Termination: $159,000.00  
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