Name of City and/or County:
Jefferson City
Name of Plan or Project:
St. Marys Hospital TIF Plan
Report Period:
9/1/2018 to 8/1/2019
Name of the Person Who Prepared this Annual Report:
Shiela Pearre
City or County Contact Agency:
Private Sector Developer:
F & F Development, LLC
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
School District:
Jefferson City School District
Approximately 9.8 acres located generally at the southwest corner of 50 Highway and Bolivar Street Jefferson City, Missouri, inclusive of various expansions to the historic hospital building, a 3-story medical office building, various parking structures, and three adjacent pad sites.
Description of Plan/Project:
Acquisition of the redevelopment area, demolition of unusable structures, restoration and rehabilitation of the original St. Mary's Hospital building and the medical office building, construction of new commercial buildings, installation of all infrastructure and site amenities, and architecture and engineering and other soft costs of such improvements.
Plan/Project Status:
Under Construction
How was the "but-for" Determination Made?:
Number of Relocated Residences During This Report Period:
0
Number of Relocated Businesses During This Report Period:
0
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:
0
Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:
Estimate of Retained Jobs:
0
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
Total Revenue on hand in the Special Allocation Fund as of Report Date:
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:
Total Since Inception:
Report Period Only:
Public Infrastructure (streets, utilities, etc):
Site Development (grading, dirt moving, etc):
Rehab of Existing Buildings:
Acquisition of Land or Buildings:
AMOUNT PAID ON DEBT SERVICES:
Payments of principal and interest on outstanding bonded debt:
This Reporting Period:
$0.00
Reimbursement of developer for eligible cost:
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
This Reporting Period:
$0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$29,904,350.00
Property Acquisition and Relocation Costs:
$1,000,000.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$30,904,350.00
ANTICIPATED TOTAL PROJECT COSTS:
$30,904,350.00
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:
$419,300.00
Assessed Valuation Added to the Redevelopment Project:
$101,630.00
Anticipated Assessed Value at Time of District Termination:
$6,610,050.00
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
$26,638.96
Total Annual EATs Anticipated at Time of District Termination:
$288,722.00
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
