Name of City and/or County:
Clarksville
Name of Plan or Project:
Historic Clarksville Revitalization Plan
Report Period:
7/1/2008 to 6/30/2009
Name of the Person Who Prepared this Annual Report:
Jo Ann Myers
City or County Contact Agency:
Jo Ann Myers, City Clerk
Private Sector Developer:
None
Original Date Plan/Project Approved:
10/2/1989
Most Recent Plan Amendment:
12/4/1989
School District:
Pike County R-III Schools
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 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 Retained Jobs:
2
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
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:
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
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:
Total Amount of Base Year PILOTs:
Total Annual EATs Anticipated at Time of District Termination:
Total Annual PILOTs Anticipated at Time of District Termination:
Percentage of EATs Captured:
0%
Total Years Anticipated to Capture EATs:
Percentage of PILOTs Captured:
20%
Total Years Anticipated to Capture PILOTs:
23
