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Section 1: Description of the Plan and Project

Name of City and/or County:

Jefferson City

Name of Plan or Project:

High Street Tax Increment Financing Plan

Report Period:

10/1/2018 to 9/1/2019

Name of the Person Who Prepared this Annual Report:

Shiela Pearre

Contact Information:

City or County Contact Agency:

Phone:

573-634-6459

Private Sector Developer:

Juanita Donehue (deceased)

Person:

Sam Donehue, Owner

Phone:

573-635-1332

Original Date Plan/Project Approved:

Ordinance Number:

13476

Most Recent Plan Amendment:

07/01/2004

Ordinance Number:

13750

State House District:

State Senate District:

School District:

Jefferson City School District

Location:

900 - 902 East High Street in the Central East Side of Jefferson City

Description of Plan/Project:

Redevelopment and rehabilitation of historic property including public improvements sidewalk replacement, curbs, gutters, rear on-street parking

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:

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:

$50,298.26

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$99,675.16

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):

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$147,482.00

$0.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$138,876.05

This Reporting Period:

$7,379.85

Reimbursement of developer for eligible cost:

Since Inception:

$8,605.95

This Reporting Period:

$0.00

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

Since Inception:

$2,491.42

This Reporting Period:

$2,491.42

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:

$147,482.00

Other:

$7,424.59

Total Anticipated TIF Reimbursable Project Costs:

$154,906.59

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:

$20,000.00

Assessed Valuation Added to the Redevelopment Project:

$50,130.00

Anticipated Assessed Value at Time of District Termination:

$400,000.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$345.00

Total Annual EATs Anticipated at Time of District Termination:

$7,000.00

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

High Street Tax Increment Financing Plan

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues