Appleton City D/T Improvment Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Appleton City  
Name of Plan or Project: Appleton City D/T Improvment Plan  
Report Period: 01/01/2009 to 11/01/2009  
Name of the person who prepared this annual report: Todd Abplanalp, Esq. Special Counsel  
Contact Information:    
City or County Contact Agency: Barbara Bloomfield, City Clerk  
Phone: 816-842-3636  
Private Sector Developer: Food Fair of Appleton City, LLC / RBA Inv, LLC  
Person: William Wetter/Lindsay Graham  
Phone: 660-476-2131  
Original Date Plan/Project Approved: 12/01/2003  
Ordinance Number: 03-03  
Most Recent Plan Amendment: 4/4/2007  
Ordinance Number: 07-02  
State House District: 119  
State Senate District: 28  
School District Appleton City R-2 Schools  
Location:    
Redevelopment Area is located in downtown Appleton City comprising about 17 city blocks west of Hickory St, east of the railroad tracks, south of 6th Street and along and on both sides of 4th street.  
Description of Plan/Project:    
TIF was adopted to enhance redevelopment opportunities in the downtown Appleton City district. To date the incentive has resulted in construction of a Dollar General and a full service grocery store. Also provides improvements to public infrastructure.  
Plan/Project Status: Fully Operational
Area Type: Blight  
How was the "but-for" determination made?:    
Unusual/extraordinary costs made project financially unfeasible in the market, required significant public infrastructure investment to remedy existing inadequate conditions and capacity to support development and required parcel ass'y and/or relo costs.  
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:    
- None -
Estimate of New Jobs: 10 Actual To Date: 10
Estimate of Retained Jobs: 20 Actual To Date: 29
     
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: $32,849.00 Amount on Hand: $1,983.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $56,173.00 Amount on Hand: $932.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $2,915.00
   
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: $224,820.00 $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: $82,135.00 This Reporting Period: $16,347.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $3,972.00 This Reporting Period: $0.00
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: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $366,186.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $1,233,826.00  
TIF FINANCING METHOD: Pay-as-you-go  
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: $814,200.00  
Assessed valuation added to the redevelopment project: $345,700.00  
Anticipated Assessed Value at Time of District Termination: $1,075,452.00  
Total Amount of Base Year EATs: $159,102.00  
Total Amount of Base Year PILOTs: $52,054.00  
Total Annual EATs Anticipated at Time of District Termination: $240,351.00  
Total Annual PILOTs Anticipated at Time of District Termination: $668,757.00  
Percentage of EATs Captured: 50%  
Total Years Anticipated to Capture EATs: 23
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 23