View Tif

Section 1: Description of the Plan and Project

Name of City and/or County:

Wayland

Name of Plan or Project:

Wayland Hwy 27 TIF Plan

Report Period:

7/1/2006 to 6/30/2007

Name of the Person Who Prepared this Annual Report:

Kathy Alvis

Contact Information:

City or County Contact Agency:

Kathy Alvis, City Clerk

Phone:

660-754-5732

Private Sector Developer:

Flying J

Person:

Phone:

Original Date Plan/Project Approved:

5/6/2002

Ordinance Number:

Most Recent Plan Amendment:

12/5/2005

Ordinance Number:

State House District:

State Senate District:

School District:

CCR1

Location:

175 acres adjacent to the M-27 & US Hwy 136 interchange in Wayland

Description of Plan/Project:

Extend water, sewer and other necessary infrastructure to the site for initial construction of a 10,700sf Flying J Travel Plaza

Plan/Project Status:

Seeking developer

Area Type:

Conservation

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

Required significant public infrastructure investment to remedy existing inadequate conditions.

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:

$611.00

Amount on Hand:
(As of Report Date)

$611.00

Economic Activity Taxes (EATs):

Total Received since inception:

$28,593.00

Amount on Hand:
(As of Report Date)

$27,491.00

Total Revenue on hand in the Special Allocation Fund as of Report Date:

$28,102.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$963,049.00

$151,163.00

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:

$88,970.00

This Reporting Period:

$88,970.00

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:

$80,000.00

This Reporting Period:

$0.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$963,049.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$0.00

ANTICIPATED TOTAL PROJECT COSTS:

$963,049.00

TIF FINANCING METHOD:

TIF Bond

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:

$0.00

Assessed Valuation Added to the Redevelopment Project:

$0.00

Anticipated Assessed Value at Time of District Termination:

$0.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$0.00

Total Annual EATs Anticipated at Time of District Termination:

Total Annual PILOTs Anticipated at Time of District Termination:

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

Wayland Hwy 27 TIF Plan

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues