Name of City and/or County:
Columbia
Name of Plan or Project:
10th and Locust TIF Plan
Report Period:
10/1/2008 to 9/30/2009
Name of the Person Who Prepared this Annual Report:
Tony St. Romaine
City or County Contact Agency:
Tony St. Romaine, Ass't City Manager
Private Sector Developer:
10th & Locust, LLC
Original Date Plan/Project Approved:
7/20/2009
Most Recent Plan Amendment:
School District:
Columbia School District
An area east of Tenth Street, north of Locust Street and south of a point approximately 155 feet south of Cherry Street in downtown Columbia.
Description of Plan/Project:
Plan calls for the demolition of existing structures, construction of 100,000sf mixed-use building with 10,000sf retail, 16,280sf office/retail and 58 rental units and 11 parking spaces.
Plan/Project Status:
Inactive
How was the "but-for" Determination Made?:
Unusual and extraordinary costs made the project financially unfeasible in the market.
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 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:
$0.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$0.00
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:
This Reporting Period:
$0.00
Reimbursement of developer for eligible cost:
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
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
Total Anticipated TIF Reimbursable Project Costs:
$0.00
ANTICIPATED TOTAL PROJECT COSTS:
$0.00
TIF FINANCING METHOD:
Not yet determined; project inactive
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
23
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
Assessed Valuation Added to the Redevelopment Project:
$0.00
Anticipated Assessed Value at Time of District Termination:
Total Amount of Base Year EATs:
Total Amount of Base Year PILOTs:
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:
23
Percentage of PILOTs Captured:
%
Total Years Anticipated to Capture PILOTs:
23
