Name of City and/or County:
Kansas City
Name of Plan or Project:
1200 Main/South Loop Project 02 (H and R Block) TIF
Report Period:
May 1 2022 12:00AM to Apr 1 2023 12:00AM
Name of the Person Who Prepared this Annual Report:
Sandra L. Rayford
City or County Contact Agency:
Private Sector Developer:
H & R Block Services, Inc.
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
08/01/2017
School District:
Kansas City, Missouri
The overall TIF plan is an irregular area generally bounded by Central Street and Baltimore Avenue on the west, 10th/11th/12th Streets on the north, Oak/McGee/Walnut Streets on the east and the south right of way of I-35/Truman Road on the south. Project 2 is bounded by 13th Street on the north, 14th Street on the south, Walnut Street on the east and Main Street on the west.
Description of Plan/Project:
The project proposed construction of a new office building H & R Block World Headquarters and associated mixed-uses and open space
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 New Jobs:
2034
Estimate of Retained Jobs:
1493
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$23,582,100.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$73,440,000.00
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:
$2,160,700.00
$131,800.00
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:
$94,926,200.00
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:
$59,439,790.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$121,317,824.00
ANTICIPATED TOTAL PROJECT COSTS:
$308,399,088.00
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
2
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$1,756,064.00
Assessed Valuation Added to the Redevelopment Project:
$29,197,600.00
Anticipated Assessed Value at Time of District Termination:
$0.00
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
$179,396.00
Total Annual EATs Anticipated at Time of District Termination:
$1,323,317.00
Total Annual PILOTs Anticipated at Time of District Termination:
$0.00
Percentage of EATs Captured:
100%
Total Years Anticipated to Capture EATs:
23
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
23
