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Section 1: Description of the Plan and Project

Name of City and/or County:

Maryville

Name of Plan or Project:

LMP Steel and Wire Expansion TIF

Report Period:

10/1/2006 to 9/30/2007

Name of the Person Who Prepared this Annual Report:

Matthey S. LeCerf, City Manager

Contact Information:

City or County Contact Agency:

Matthew S. LeCert, City Manager

Phone:

660-562-8001

Private Sector Developer:

Nucor-LMP

Person:

Kevin Van De Ven

Phone:

660-582-3127

Original Date Plan/Project Approved:

4/14/2004

Ordinance Number:

6644

Most Recent Plan Amendment:

Ordinance Number:

State House District:

State Senate District:

School District:

Maryville R-II

Location:

22 acres located one-quarter mile east of Highway 71 and adjacent south of Highway 136 in Maryville

Description of Plan/Project:

Assist in the construction of a new 40,000sf industrial facility for LMP Wire to move their recently acquired Excel Grinding Company from Hammond, IN.

Plan/Project Status:

Fully operational

Area Type:

Blight

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

Required significant public infrastructure investment to remedy existing inadequate conditions and 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:

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:

$39,279.00

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):

$39,279.00

$20,765.00

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:

$0.00

This Reporting Period:

$0.00

Reimbursement of developer for eligible cost:

Since Inception:

$35,351.00

This Reporting Period:

$18,689.00

Reimbursement to city/county (or other public entity) for eligible costs:

Since Inception:

$3,928.00

This Reporting Period:

$2,076.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$196,348.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$235,000.00

Other:

$40,000.00

Total Anticipated TIF Reimbursable Project Costs:

$471,348.00

ANTICIPATED TOTAL PROJECT COSTS:

$1,666,348.00

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:

$2,210.00

Assessed Valuation Added to the Redevelopment Project:

$324,460.00

Anticipated Assessed Value at Time of District Termination:

$326,670.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$222.00

Total Annual EATs Anticipated at Time of District Termination:

$0.00

Total Annual PILOTs Anticipated at Time of District Termination:

$20,765.00

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

LMP Steel and Wire Expansion TIF

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues