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Section 1: Description of the Plan and Project

Name of City and/or County:

Raymore

Name of Plan or Project:

Highway 58 West Extended Redevelopment Plan

Report Period:

Oct 1 2022 12:00AM to Sep 1 2023 12:00AM

Name of the Person Who Prepared this Annual Report:

Megan Miller for the City of Raymore, Missouri

Contact Information:

City or County Contact Agency:

Phone:

(816) 892-3030

Private Sector Developer:

PDD Development, LLC & Raymore Galleria, LLC

Person:

Jeff Dozier & David Block

Phone:

(816) 936-8545

Original Date Plan/Project Approved:

Ordinance Number:

25012

Most Recent Plan Amendment:

07/01/2012

Ordinance Number:

2012-054

State House District:

State Senate District:

School District:

Raymore-Peculiar R-II Sch Dist of Cass County, MO

Location:

See Attachment - will be e-mailed.

Description of Plan/Project:

See Attachment - will be e-mailed.

Plan/Project Status:

Inactive

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:

- None -

Estimate of New Jobs:

153

Actual To Date:

458

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:

$5,060,986.77

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$19,572,708.95

Amount on Hand:
(As of Report Date)

$0.00

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

$0.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$6,403,011.25

$0.00

Site Development (grading, dirt moving, etc):

$1,023,769.24

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$901,372.50

$0.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$25,097,246.30

This Reporting Period:

$1,955,364.04

Reimbursement of developer for eligible cost:

Since Inception:

$9,451,897.04

This Reporting Period:

$0.00

Reimbursement to city/county (or other public entity) for eligible costs:

Since Inception:

$94,675.00

This Reporting Period:

$0.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$8,459,276.00

Property Acquisition and Relocation Costs:

$4,509,546.00

Project Implementation Costs:

$793,000.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$13,761,822.00

ANTICIPATED TOTAL PROJECT COSTS:

$71,800,000.00

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:

$10,116.00

Assessed Valuation Added to the Redevelopment Project:

$7,093,760.00

Anticipated Assessed Value at Time of District Termination:

$22,042,349.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$0.00

Total Annual EATs Anticipated at Time of District Termination:

$13,042,419.00

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:

50%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

Highway 58 West Extended Redevelopment Plan

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues