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Section 1: Description of the Plan and Project

Name of City and/or County:

Kansas City

Name of Plan or Project:

1200 Main/South Loop Project 01 (KC Live) TIF

Report Period:

5/1/2018 to 4/1/2019

Name of the Person Who Prepared this Annual Report:

Sandra L. Rayford

Contact Information:

City or County Contact Agency:

Phone:

8165912109

Private Sector Developer:

Kansas City Live, LLC

Person:

Nick Benjamin

Phone:

8168778304

Original Date Plan/Project Approved:

Ordinance Number:

040155

Most Recent Plan Amendment:

08/01/2017

Ordinance Number:

170530

State House District:

State Senate District:

School District:

Kansas City, MO

Location:

overall TIF plan is bounded by Central St and Baltimore Ave on the w, 10th/11th/12th St on the n, Oak/McGee/Walnut St on the e and the s right of way of I-35/Truman Rd on the s.Proj 1 is generally bounded by 13th St on the N, Truman Rd on the S Grand Blvd on the E & Baltimore Ave on the W.Proj 1A incl ground rights to the blk bounded by 12th St on the N, 13th St on the S, Walnut St on the E & Main St on the W, excepting the property at the ne corner of the blk.Proj 1D is located at the sw corner of 14th St & Main St. Proj 1H is located at the NW corner of 13th St & Main St.

Description of Plan/Project:

Proj 1 proposed acqu, dev, constr & rehab of 350,000 to 425,000 sq ft of entertainment & retail uses, 2,000 parking spaces, streetscape, park development and associated public infrastructure and utility improvements.Proj 1A proposed construction of approximately 81,000 sq ft of retail space and a 760 space parking garage.Proj 1D proposed renovation of the existing Empire Theatre.Proj 1H proposed renovation of the existing Midland Theatre.

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:

2034

Actual To Date:

1325

Estimate of Retained Jobs:

1493

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:

$6,968,000.00

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$53,438,800.00

Amount on Hand:
(As of Report Date)

$0.00

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):

$46,387,600.00

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$110,577,726.00

$0.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$175,449,170.00

This Reporting Period:

$17,816,394.00

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:

$1,660,822.00

Property Acquisition and Relocation Costs:

$22,225,846.00

Project Implementation Costs:

$26,336,534.00

Other:

$33,783,707.00

Other:

$67,674,500.00

Total Anticipated TIF Reimbursable Project Costs:

$164,948,209.00

ANTICIPATED TOTAL PROJECT COSTS:

$321,135,195.00

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:

$1,440,000.00

Assessed Valuation Added to the Redevelopment Project:

$26,767,883.00

Anticipated Assessed Value at Time of District Termination:

$0.00

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:

$7,559,068.00

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:

100%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

1200 Main/South Loop Project 01 (KC Live) TIF

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues