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Section 1: Description of the Plan and Project

Name of City and/or County:

Boonville

Name of Plan or Project:

Mid America Industrial Park Development

Report Period:

4/1/2008 to 3/31/2009

Name of the Person Who Prepared this Annual Report:

Irl Tessenforf & Sarah Gallagher

Contact Information:

City or County Contact Agency:

Irl Tessenforf, City Adm; Sarah Gallagher, ED Dir.

Phone:

660-882-2332

Private Sector Developer:

LeMone-Smith, Inc

Person:

Mack LeMone

Phone:

573-449-7200

Original Date Plan/Project Approved:

7/1/1991

Ordinance Number:

Most Recent Plan Amendment:

Ordinance Number:

State House District:

117

State Senate District:

School District:

Boonville R-1 Schools

Location:

Junction of I-70 and State Rt. B in Boonville, MO.

Description of Plan/Project:

Development of an industrial park in previously agricultural land.

Plan/Project Status:

Fully Operational

Area Type:

Economic Development

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

Project required significant public infrastructure investment to construct adequate capacity to support development.

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:

482

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:

$1,522,000.00

Amount on Hand:
(As of Report Date)

$92,000.00

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:

$92,000.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$2,550,000.00

$650,000.00

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:

$400,000.00

This Reporting Period:

$0.00

Reimbursement of developer for eligible cost:

Since Inception:

$417,200.00

This Reporting Period:

$27,200.00

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:

$0.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$54,000.00

Total Anticipated TIF Reimbursable Project Costs:

ANTICIPATED TOTAL PROJECT COSTS:

$54,000.00

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:

$205,250.00

Assessed Valuation Added to the Redevelopment Project:

$3,873,210.00

Anticipated Assessed Value at Time of District Termination:

$4,000,000.00

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:

$235,000.00

Percentage of EATs Captured:

Total Years Anticipated to Capture EATs:

Percentage of PILOTs Captured:

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

Mid America Industrial Park Development

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues