Historic Clarksville Revitalization Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Clarksville  
Name of Plan or Project: Historic Clarksville Revitalization Plan  
Report Period: 07/01/2008 to 06/30/2009  
Name of the person who prepared this annual report: Jo Ann Myers  
Contact Information:    
City or County Contact Agency: Jo Ann Myers, City Clerk  
Phone: 573-242-3336  
Private Sector Developer: None  
Person:  
Phone:  
Original Date Plan/Project Approved: 10/02/1989  
Ordinance Number: 623  
Most Recent Plan Amendment: 12/4/1989  
Ordinance Number: 625  
State House District: 10  
State Senate District: 18  
School District Pike County R-III Schools  
Location:    
North of Washington Street, west of Front Street, south of Mississippi Street and east of the alley running between and parallel to 2nd & 3rd Streets in downtown Clarksville.  
Description of Plan/Project:    
Plan to serve as partial funding for a comprehensive downtown beautification and rehabilitation project. Includes, storefront facades, historic renovations and preservation, infrastructure improvements, signage, sidewalk improvements, etc.  
Plan/Project Status: Fully Operational
Area Type: Blight & Economic Development  
How was the "but-for" determination made?:    
Unusual and extraordinary costs made the project financially unfeasible in the market.  
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: 0 Actual To Date: 0
Estimate of Retained Jobs: 2 Actual To Date: 2
     
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: $102,724.09 Amount on Hand: $65,123.89
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $0.00 Amount on Hand: $0.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $65,123.89
   
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: $48,491.19 $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: $48,491.19  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $48,491.19  
     
ANTICIPATED TOTAL PROJECT COSTS: $48,491.19  
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: $166,600.00  
Assessed valuation added to the redevelopment project: $655,820.00  
Anticipated Assessed Value at Time of District Termination: $655,820.00  
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: 20%  
Total Years Anticipated to Capture PILOTs: 23