Name of City and/or County:
Wentzville
Name of Plan or Project:
Edinger Road TIF Redevelopment
Report Period:
1/1/2009 to 12/31/2009
Name of the Person Who Prepared this Annual Report:
Robert Swank
City or County Contact Agency:
Robert Swank,E.D. Director
Private Sector Developer:
Original Date Plan/Project Approved:
12/30/1998
Most Recent Plan Amendment:
School District:
Wentzville R-IV
The Project Area is at the site of the former Wentzville Airport in Wentzville.
Description of Plan/Project:
Building the public infrastructure necessary to create sites for industrial activities and the phased acquisition of land, construction of roadways, sanitary and storm sewers and drainageways to support development.
Plan/Project Status:
District Dissolved
How was the "but-for" Determination Made?:
The project required significant public infrastructure investment to remedy existing inadequate conditions.
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 New Jobs:
400
Estimate of Retained Jobs:
50
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:
Since Inception:
$23,080.72
This Reporting Period:
$127.60
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$1,269,895.00
Property Acquisition and Relocation Costs:
$260,105.00
Project Implementation Costs:
$109,000.00
Total Anticipated TIF Reimbursable Project Costs:
$1,635,000.00
ANTICIPATED TOTAL PROJECT COSTS:
$1,685,000.00
TIF FINANCING METHOD:
Other Bond
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
15
Current Anticipated Estimate (# of Year to Retirement):
0
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$166,874.00
Assessed Valuation Added to the Redevelopment Project:
$698,205.00
Anticipated Assessed Value at Time of District Termination:
$6,610,447.00
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:
$0.00
Total Annual PILOTs Anticipated at Time of District Termination:
$0.00
Percentage of EATs Captured:
0%
Total Years Anticipated to Capture EATs:
0
Percentage of PILOTs Captured:
0%
Total Years Anticipated to Capture PILOTs:
15
