View Tif

Section 1: Description of the Plan and Project

Name of City and/or County:

Cape Girardeau County

Name of Plan or Project:

Highway 177 TIF District

Report Period:

9/1/2008 to 9/1/2009

Name of the Person Who Prepared this Annual Report:

Donna Oldham, Asst. to County Commissioners

Contact Information:

City or County Contact Agency:

County of Cape Girardeau, Missouri

Phone:

Private Sector Developer:

Nordenia USA, Inc.

Person:

Robert Burnham

Phone:

573-335-4900

Original Date Plan/Project Approved:

6/14/1990

Ordinance Number:

Most Recent Plan Amendment:

Ordinance Number:

State House District:

157, 158, 160

State Senate District:

School District:

Nell Holcomb

Location:

The project site is located at the junction of Missouri Highway 177 and State Route J near Neely's Landing in Cape Girardeau County.

Description of Plan/Project:

To provide basic infrastructure to support a 120,000sf industrial manufacturing facility and to supply potable water.

Plan/Project Status:

Fully Operational

Area Type:

Blight

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

The project required significant public infrastructure investment to construct adequate capacity to support development in the area.

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:

Name	Address	Phone Number	New or Relocated?	Rel. from What City/County
Nordenia USA, Inc.	14591 St. Hwy 177, Jackson, MO 63755	(573) 335-4900	Relocated	Federal Republic of Germany

Estimate of New Jobs:

200

Actual To Date:

373

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:

$0.00

Amount on Hand:
(As of Report Date)

$0.00

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:

$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):

$1,300,000.00

$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:

$1,300,000.00

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:

$1,300,000.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$1,300,000.00

ANTICIPATED TOTAL PROJECT COSTS:

$16,700,000.00

TIF FINANCING METHOD:

TIF Notes; Loan

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:

$13,220.00

Assessed Valuation Added to the Redevelopment Project:

$3,434,980.00

Anticipated Assessed Value at Time of District Termination:

$3,434,980.00

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:

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

Highway 177 TIF District

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues