Name of City and/or County:
St. Louis
Name of Plan or Project:
100 N. Euclid (352-136)
Report Period:
7/1/2020 to 6/1/2021
Name of the Person Who Prepared this Annual Report:
Dale E. Ruthsatz
City or County Contact Agency:
Private Sector Developer:
City Walk on Euclid, LLC
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
Euclid Avenue between Lindell and Forest Park Boulevard at 100 N Euclid.
Description of Plan/Project:
Newly constructed mixed-use 7-story structure with 177 market rate apartments, 438 parking garage spaces, and 39,000 SF of retail on a 1.65 acre site. Retail space occupied by Whole Foods grocery store.
Plan/Project Status:
Fully-Operational
How was the "but-for" Determination Made?:
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 New Jobs:
120
Estimate of Retained Jobs:
0
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$4,139,857.00
Amount on Hand:
$148,637.00
Economic Activity Taxes (EATs):
Total Received since inception:
$1,574,383.00
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:
Since Inception:
$5,401,503.00
This Reporting Period:
$1,197,078.00
Reimbursement of developer for eligible cost:
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
Since Inception:
$164,100.00
This Reporting Period:
$30,098.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$0.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$10,000,000.00
ANTICIPATED TOTAL PROJECT COSTS:
$70,645,787.00
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
15
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$572,400.00
Assessed Valuation Added to the Redevelopment Project:
$11,787,601.00
Anticipated Assessed Value at Time of District Termination:
$8,855,950.00
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
$21,385.00
Total Annual EATs Anticipated at Time of District Termination:
$425,165.00
Total Annual PILOTs Anticipated at Time of District Termination:
$0.00
Percentage of EATs Captured:
50%
Total Years Anticipated to Capture EATs:
23
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
23
