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Section 1: Description of the Plan and Project

Name of City and/or County:

Washington

Name of Plan or Project:

Downtown Washington Redevelopment Plan & Project

Report Period:

Jan 1 2022 12:00AM to Dec 1 2022 12:00AM

Name of the Person Who Prepared this Annual Report:

Sal Maniaci

Contact Information:

City or County Contact Agency:

Phone:

6363901004

Private Sector Developer:

L.B. Ecklekamp Jr. Chairman of the Board

Person:

Phone:

636-239-7831

Original Date Plan/Project Approved:

Ordinance Number:

07-10180

Most Recent Plan Amendment:

02/01/2017

Ordinance Number:

17-11627

State House District:

109

State Senate District:

School District:

Washington School District

Location:

Downtown Washington, MO 3rd Street to Front Street. Market to Tiemann Drive

Description of Plan/Project:

A redevelopment of the Bank of Washington and surrounding properties.

Plan/Project Status:

Fully-Operational

Area Type:

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

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:

Name	Address	Phone Number	New or Relocated?	Rel. from What City/County
Andys Produce 3	7 West Main Street	636-303-7601		New Business

Estimate of New Jobs:

Actual To Date:

270

Estimate of Retained Jobs:

200

Actual To Date:

255

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:

$2,418,832.61

Amount on Hand:
(As of Report Date)

$752,772.63

Economic Activity Taxes (EATs):

Total Received since inception:

$394,650.82

Amount on Hand:
(As of Report Date)

$238,521.61

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

$991,294.24

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$265,781.23

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

$15,322.34

Acquisition of Land or Buildings:

$0.00

Other:

$207,117.03

$32,479.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$1,322,197.87

This Reporting Period:

$72,257.40

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:

$0.00

This Reporting Period:

$0.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$3,822,795.00

Property Acquisition and Relocation Costs:

$3,450,000.00

Project Implementation Costs:

$4,650,000.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$11,855,900.00

ANTICIPATED TOTAL PROJECT COSTS:

$35,537,250.00

TIF FINANCING METHOD:

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:

$5,763,197.00

Assessed Valuation Added to the Redevelopment Project:

$5,488,629.00

Anticipated Assessed Value at Time of District Termination:

$254,005,408.00

Total Amount of Base Year EATs:

$490,267.00

Total Amount of Base Year PILOTs:

$308,453.00

Total Annual EATs Anticipated at Time of District Termination:

$1,115,917.00

Total Annual PILOTs Anticipated at Time of District Termination:

$0.00

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

Downtown Washington Redevelopment Plan & Project

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues