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Section 1: Description of the Plan and Project

Name of City and/or County:

Bethany

Name of Plan or Project:

West Interstate Area Addition-South District

Report Period:

10/1/2007 to 9/30/2008

Name of the Person Who Prepared this Annual Report:

Becky Turley

Contact Information:

City or County Contact Agency:

Jan Hagler

Phone:

660-425-8673

Private Sector Developer:

No private sector developer

Person:

Phone:

Original Date Plan/Project Approved:

11/21/1994

Ordinance Number:

916

Most Recent Plan Amendment:

Ordinance Number:

State House District:

State Senate District:

School District:

South Harrison R-2

Location:

Approximately 160 acres in the east central area of the city of Bethany, adjacent to I-35 and US 136 highways.

Description of Plan/Project:

Construction of public infrastructure on the south side of US Hwy 136 west of I-35 including streets, gas, water, sewer and electrical systems.

Plan/Project Status:

Under construction

Area Type:

Blight & Economic Development

How was the "but-for" Determination Made?:

Project required significant public infrastructure investment to remedy existing inadequate conditions

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:

$390,987.92

Amount on Hand:
(As of Report Date)

$311,516.56

Economic Activity Taxes (EATs):

Total Received since inception:

$0.00

Amount on Hand:
(As of Report Date)

$0.00

Total Revenue on hand in the Special Allocation Fund as of Report Date:

$311,516.56

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$101,289.51

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$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:

$670,000.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$136,000.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$670,000.00

ANTICIPATED TOTAL PROJECT COSTS:

$670,000.00

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:

$660,490.00

Assessed Valuation Added to the Redevelopment Project:

$2,206,160.00

Anticipated Assessed Value at Time of District Termination:

$2,866,650.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$6,021.22

Total Annual EATs Anticipated at Time of District Termination:

$0.00

Total Annual PILOTs Anticipated at Time of District Termination:

$0.00

Percentage of EATs Captured:

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

West Interstate Area Addition-South District

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues