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Section 1: Description of the Plan and Project

Name of City and/or County:

St. Louis

Name of Plan or Project:

Fenton Logistics Park Redevelopment Plan & Project

Report Period:

1/1/2020 to 12/1/2020

Name of the Person Who Prepared this Annual Report:

Greg Kremer

Contact Information:

City or County Contact Agency:

Phone:

(314) 615-5044

Private Sector Developer:

Fenton Land Investors LLC

Person:

Scott Sachtleben

Phone:

(314) 261-7355

Original Date Plan/Project Approved:

Ordinance Number:

26,515

Most Recent Plan Amendment:

Ordinance Number:

State House District:

096

State Senate District:

School District:

Valley Park

Location:

Approximately 295-acre area including rights of way consisting of the former site of automobile manufacturing plants and generally located north of N. Highway Drive, south of the Meramec River, west of Hitzert Court and east of the building located at 1201 N. Highway Drive, but excluding the rail yard west of Hitzert Court.

Description of Plan/Project:

The redevelopment area is to be used as a logistics park, which is expected to include a mix of industrial, office and retail uses consistent with market demands and local zoning requirements.

Plan/Project Status:

Under Construction

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
BAF Corp	2092 Fenton Logistics Park Fenton, MO 63026	(636) 492-7200	New
BJC Health System	2052 Fenton Logistics Park Fenton, MO 63026	(636) 717-3600	New
Corelink, LLC (member of Insperity PEO Services LP)	2072 Fenton Logistics Park Fenton, MO 63026	(636) 717-9100	New
Innovative LLC d/b/a Beckwood Press Company	2086 Fenton Logistics Park Fenton, MO 63026	(636) 343-4100	New
S&B Pharma, Inc. d/b/a Alkem Labs	2066 Fenton Logistics Park Blvd. Fenton, MO 63026	(636) 343-5664	New

Estimate of New Jobs:

2827

Actual To Date:

784

Estimate of Retained Jobs:

Actual To Date:

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:

$1,730,857.00

Amount on Hand:
(As of Report Date)

$17.21

Economic Activity Taxes (EATs):

Total Received since inception:

$2,967.00

Amount on Hand:
(As of Report Date)

$329.26

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

$346.47

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$19,734,611.00

$0.00

Site Development (grading, dirt moving, etc):

$12,469,698.00

$2,645,817.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$0.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$2,079,056.00

This Reporting Period:

$1,475,698.00

Reimbursement of developer for eligible cost:

Since Inception:

$33,039,103.00

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:

$16,985,000.00

Property Acquisition and Relocation Costs:

$16,400,000.00

Project Implementation Costs:

$34,645,694.00

Other:

$45,123,000.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$113,153,694.00

ANTICIPATED TOTAL PROJECT COSTS:

$222,380,694.00

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:

$3,083,010.00

Assessed Valuation Added to the Redevelopment Project:

$14,298,240.00

Anticipated Assessed Value at Time of District Termination:

$66,328,968.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$249,233.00

Total Annual EATs Anticipated at Time of District Termination:

$239,295.00

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

Fenton Logistics Park Redevelopment Plan & Project

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues