Name of City and/or County:
Ballwin
Name of Plan or Project:
Ballwin Town Center TIF Redevelopment Plan
Report Period:
10/1/2020 to 9/1/2021
Name of the Person Who Prepared this Annual Report:
Denise Keller
City or County Contact Agency:
Private Sector Developer:
The Bedrin Organization - New Jersey
Person:
Gerald Bedrin, President
Original Date Plan/Project Approved:
Ordinance Number:
99-52 & 99-53
Most Recent Plan Amendment:
ON FILE IN DED OFFICE-ATTACHED TO 12/31/99 REPORT The approximate 265,000 square foot retail center is located at the corner of Manchester and Ries Roads in Ballwin.
Description of Plan/Project:
ON FILE IN DED OFFICE-ATTACHED TO 12/31/99 REPORT
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:
0
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$9,923,108.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$14,409,477.00
Amount on Hand:
$69,524.00
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:
$29,683,406.00
This Reporting Period:
$1,315,397.00
Reimbursement of developer for eligible cost:
Since Inception:
$407,525.00
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
Since Inception:
$407,525.00
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
Total Anticipated TIF Reimbursable Project Costs:
$0.00
ANTICIPATED TOTAL PROJECT COSTS:
$0.00
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
20
Current Anticipated Estimate (# of Year to Retirement):
1
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$1,965,010.00
Assessed Valuation Added to the Redevelopment Project:
$5,201,800.00
Anticipated Assessed Value at Time of District Termination:
$5,098,000.00
Total Amount of Base Year EATs:
$120,325.00
Total Amount of Base Year PILOTs:
$0.00
Total Annual EATs Anticipated at Time of District Termination:
$670,000.00
Total Annual PILOTs Anticipated at Time of District Termination:
$0.00
Percentage of EATs Captured:
50%
Total Years Anticipated to Capture EATs:
15
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
15
