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Section 1: Description of the Plan and Project

Name of City and/or County:

Kirksville

Name of Plan or Project:

Kirksville Downtown Improvement TIF Plan

Report Period:

Jan 1 2021 12:00AM to Dec 1 2021 12:00AM

Name of the Person Who Prepared this Annual Report:

Katrina Neeley

Contact Information:

City or County Contact Agency:

Phone:

660-627-1224

Private Sector Developer:

Person:

Phone:

Original Date Plan/Project Approved:

Ordinance Number:

11429

Most Recent Plan Amendment:

11/01/2000

Ordinance Number:

11475

State House District:

State Senate District:

School District:

Kirksville R-III

Location:

Location in the Central Business District plus additional, described as follows, beginning at NE corner Illinois St. from the alley East of Marion St. to the alley West of Franklin St. N to Buchanan St. W to First St. S to Washington St. W to Osteopathy N to Missouri St. Extended W to City Limits S to Normal St. E to Elson St. S to Patterson St. E to Marion St. N to Scott St. E to the alley West of High St. N to Illinois St.

Description of Plan/Project:

Plan is intended to fund the implementation of the Kirksville Downtown Development Plan. Plan calls for the area to be developed as one mixed-use development project. Project includes construction of new business buildings, remodeling of existing buildings faade & infrastructure improvements renovation of streets, sidewalks & other public areas, enhanced way-finding/pedestrian access, improved traffic, sales & property tax in downtown.

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	Rel. from What City/County
Bedford Construction	214 N Franklin St, Kirksville, MO 63501	660-988-7622	New (Additional business to Bedford Family Tattoos at same address)
Flat Branch Home Loans (Flat Branch Mortgage Inc)	110 S Franklin St, Suite A, Kirksville, MO 63501	660-372-8619	New
Fleurette's Beauty Salon	109 S Elson St, Kirksville, MO 63501	660-342-1341	New
Gateway Prayer Center	119 W Washington St, Kirksville, MO 63501	660-342-8747	New
Geno's '70s Club Event Center	303 W McPherson St, Kirksville, MO 63501	660-342-5178	New (Closed for 2020, re-opened at same address fall 2021)
Hair by Tyler (Horton, Tyler)	103 S Franklin St, Kirksville, MO 63501	660-342-0612	New
Heya Wellness Retail LLC	120 S Main St, Kirksville, MO 63501	636-577-5160	New
Hurricane Haven LLC	106 S Elson St, Kirksville, MO 63501	636-328-3512	New
KG Music Therapy Services	416 W Fillmore St, Kirksville, MO 63501	435-668-2469	New
Midwest Gold & Silver	111 E Washington St, Kirksville, MO 63501	660-216-2346	New
Nail Palace, The	202 N Franklin St, Kirksville, MO 63501	660-956-2321	New
PFC Properties LLC	404 S Franklin St, Apt 5, Kirksville, MO 63501	573-406-5192	New
Sip Downtown Events	119-A W Washington St, Kirksville, MO 63501	660-349-2141	New & Closed same year
Sip Downtown LLC	122 W Harrison St, Kirksville, MO 63501	660-349-2141	New
Spencer Hair Co, Carrie	103 S Franklin St, Kirksville, MO 63501	660-342-9839	New

Estimate of New Jobs:

Actual To Date:

Estimate of Retained Jobs:

900

Actual To Date:

961

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:

$4,444,358.00

Amount on Hand:
(As of Report Date)

$1,077,134.00

Economic Activity Taxes (EATs):

Total Received since inception:

$1,730,471.00

Amount on Hand:
(As of Report Date)

$0.00

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

$1,077,134.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$4,297,832.00

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

$425,826.00

Acquisition of Land or Buildings:

$0.00

Other:

$4,340.00

$72.00

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:

$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:

$0.00

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:

$15,052,479.00

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:

$6,950,220.00

Assessed Valuation Added to the Redevelopment Project:

$5,165,810.00

Anticipated Assessed Value at Time of District Termination:

$18,640,660.00

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:

$2,321,045.00

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

Kirksville Downtown Improvement TIF Plan

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues