Name of City and/or County:
Kansas City
Name of Plan or Project:
11th Street, Project B (Blossom House) TIF Plan
Report Period:
5/1/2020 to 4/1/2021
Name of the Person Who Prepared this Annual Report:
Sandra L. Rayford
City or County Contact Agency:
Private Sector Developer:
Walnut Creek Ranch, LLC
Original Date Plan/Project Approved:
Ordinance Number:
921355 plan 921357 Project B
Most Recent Plan Amendment:
07/01/2019
School District:
Kansas City, Missouri
from Plan 99.865.110 North of 11th street between Jefferson and Pennsylvania Streets and south of the alley in Project B.
Description of Plan/Project:
The project provides for the historic preservation and renovation of the Blossom House 1030-1032 Pennsylvania and expansion of the Blossom House to accommodate office leasing, the Brockett/Griffin House 1021 Jefferson, Brockett Carriage House 1024 Jefferson.
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 Retained Jobs:
16
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$344,200.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$182,500.00
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:
Since Inception:
$499,200.00
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:
$1,992,506.00
ANTICIPATED TOTAL PROJECT COSTS:
$12,014,250.00
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
0
Current Anticipated Estimate (# of Year to Retirement):
0
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$88,500.00
Assessed Valuation Added to the Redevelopment Project:
$710,200.00
Anticipated Assessed Value at Time of District Termination:
$718,173.00
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
$6,468.00
Total Annual EATs Anticipated at Time of District Termination:
$89,953.00
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
