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Section 1: Description of the Plan and Project

Name of City and/or County:

Kansas City

Name of Plan or Project:

1200 Main/South Loop Project 02 (H and R Block) TIF

Report Period:

5/1/2015 to 4/1/2016

Name of the Person Who Prepared this Annual Report:

Sandra L. Rayford

Contact Information:

City or County Contact Agency:

Tax Increment Financing Commission

Phone:

8166912109

Private Sector Developer:

H&R Block Services

Person:

Karen Orosco

Phone:

8004725625

Original Date Plan/Project Approved:

7/1/2006

Ordinance Number:

040156

Most Recent Plan Amendment:

04/01/2016

Ordinance Number:

051528

State House District:

State Senate District:

School District:

Kansas City,MO

Location:

Project 2 is bounded by 13th Street on the north , 14th Street on the south , Walnut Street on the east and Main Street on the west

Description of Plan/Project:

The proposed construction of a new office building H& R Block World Headquartersand associated mixed-uses and open space

Plan/Project Status:

Fully-Operational

Area Type:

Blight

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

Project had unusual/extraordinary costs that made the project financially unfeasible in the market place. Project required significant public infrastructure investment to remedy existing inadequate conditions. Project required significant public infrastructure investment to construct adequate capacity to support the project. Project required parcel assembly and/or relocation costs.

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:

2034

Actual To Date:

2211

Estimate of Retained Jobs:

1493

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:

$17,756,670.00

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$5,491,318.00

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):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$1,743,837.00

$137,639.00

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:

$55,291,199.00

This Reporting Period:

$6,692,311.00

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:

$59,439,790.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$3,845,869.00

Other:

$32,155,951.00

Other:

$22,876,194.00

Total Anticipated TIF Reimbursable Project Costs:

$121,317,824.00

ANTICIPATED TOTAL PROJECT COSTS:

$308,399,088.00

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:

$1,756,064.00

Assessed Valuation Added to the Redevelopment Project:

$18,359,928.00

Anticipated Assessed Value at Time of District Termination:

$0.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$179,396.00

Total Annual EATs Anticipated at Time of District Termination:

$1,323,317.00

Total Annual PILOTs Anticipated at Time of District Termination:

$2,355,898.00

Percentage of EATs Captured:

50%

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

1200 Main/South Loop Project 02 (H and R Block) TIF

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues