tax increment financing 2013 annual report

Tax Increment Financing2013 Annual Report

Table of Contents Page

Introduction, Commission Members, Certification by Mayor 1

2013 TIF Projects 7 Highway and 40 Highway - Project A 2 7 Highway and 40 Highway - Project B 7 7 Highway and 40 Highway - Project C 11 Adams Farm - Projects A, B, C 21 Copperleaf Village Shopping Center 35 Fall Creek 44 Woods Chapel - Project 1 54 Woods Chapel - Project 2 58 Woods Chapel - Project 3 62

2013 Financial Statements Statement of Revenues, Expenditures and Changes in Fund Balance 69 Balance Sheet 77

NOTES:

Audited Data

Sales Taxes2009.01.01 - 1/2% Central Jackson County Fire Protection District Sales Tax became effective. No sunset.2011.10.01 - 1/2% Public Safety Sales Tax became effective. No sunset.2012.01.01 - 1/8% Zoo District Tax became effective. No sunset.

Property TaxesThe State Blind Pension Fund is exempt from PILOTS (payments in lieu of taxes) per Missouri statute.

The FY 2013 financial data in this report is unaudited. The City's fiscal year ends September 30, 2013 and the TIF Annual Report is due November 15, 2013. Audited financial data will not be available until January 2014. Any audit changes in the data reported for the current year will be reflected in the report in the following year.

City of Blue Springs, MissouriTax Increment Financing

2013 Annual Report

The following sales taxes are exempt from TIF: State sales tax, Stadium Sales Tax, State Proposition C sales

Section 1 - Description of the Plan and Project

1

23

4

5 Contact Information

(a) City Contact Agency(b)(c)(d)(e)(f)(g)(h)(i)(j)

6

7

8

9

10

11

12

13 General location of Area or Project Area:

14 Description of Plan/Project:

15 Plan/Project Status:

(a) [ ] Starting Up (d) [X ] Fully-Operational (b) [ ] Seeking Developer (e) [ ] Inactive(c) [ ] Under Construction (f) [ ] District Dissolved

Approximately 35 acres generally located at the Northeast and Southeast corners of the U.S. Highway 40 and Missouri Highway 7 intersection.

The amended plan proposes to remediate blighting conditions in three Redevelopment Project Areas - Project Area A (currently existing Hy-Vee), Project Area B (former Wal-Mart), and Project Area C (former K-Mart). Project Area A (currently existing Hy-Vee) is big box store with approximately 65,520 square feet and an adjacent 13,000 square foot strip retail facility that will be renovated to accomodate retail, restaurant and other commercial uses. Project Area B (former Wal-Mart) is big box store with approximately 130,000 square feet that will be renovated to accomodate new retail businesses and development of two pad sites along Missouri 7 Highway to locate restaurant and bank uses. Project Area C (former K-Mart) is a big box store wtih approximately 84,255 square feet that will be renovated to accomodate a new Hy-Vee grocery store and construction of necessary infrastructure, parking and landscaping.

Name of Municipality that approved the TIF Plan or Project

816-228-0106

State House District

State Senate District

School District

55

8

Blue Springs R-IV

[email protected] Springs Developers, Inc., c/o The R.H. Johnson Company

City of Blue Springs, Missouri2013 Tax Increment Financing Annual Report

City of Blue Springs, Missouri

E-mail Address

PersonCity of Blue Springs Finance Department

Karen Van Winkle, Director of Finance

816-228-0204

Name of Plan or ProjectReport Period

Name of person who prepared this Annual Report Rebecca Smith

7 Highway and 40 Highway Tax Increment Financing Redevelopment Plan, Project A

October 1, 2012 to September 30, 2013

816-561-5111816-561-5551

Bob Johnson

Phone

E-mail AddressPrivate Sector DeveloperPersonPhoneFax

Fax

June 18, 2007

4073

Ordinance Number (if available)


August 16, 2010

4308

Original Date Plan/Project Approval

Most Recent Plan Amendment (if any)

2

16 Area Type:

(a) [X] Blight(b) [ ] Conservation(c) [ ] Economic Development

17 How was the "But-For" determination made?

(a) [X ] Project had unusual/extraordinary costs that made the project financially unfeasible in the market place.(b) [ ] Project required significant public infrastructure investment to remedy existing inadequate conditions.(c) [ ] Project required significant public infrastructure to construct adequate capacity to support the project.(d) [ ] Project required parcel assembly and/or relocation costs.(e) [ ] Other (describe):

18 Major Development Obstacles to be Overcome:

19 Briefly describe the Project's Public Benefits:

20 Description of Agreements with the Developer:

21 Description of any agreements with the affected taxing districts:

Assignment and Assumption Agreement between the R.H. Johnson Company and Hy-Vee, Inc. assigning development rights to Hy-Vee, Inc. for Project C, 9/2/10.

Ordinance 4362 - Project C activated, 11/07/11.

Ordinance 4074 - Project B activated, 6/18/07.

The Blue Springs R-IV School District will receive from the Special Allocation Fund, prior to payment of reimbursable project costs or obligations, a distribution of 10% of the School District's then existing mill levy multiplied by the annual increase in assessed value of real property within each Redevelopment Project Area over the Total Initial Equalized Assessed Value of real property within each Redevelopment Project Area.

Resolution 99-2007 - Assignment and Assumption Agreement between the City and The R.H. Johnson Company, WMBS Holdings, Inc. for Redevelopment Project B, 9/5/07.

Ordinance 4093 - Redevelopment Agreement for Project Area A between the City and The R.H. Johnson Company, 9/5/07.

Ordinance 4094 - Redevelopment Agreement for Project Area B between the City and The R.H. Johnson Company, 9/5/07.

Resolution 107-2007 - Collateral Assignment of TIF Contract Agreement between the City and WMBS Holdings, Inc., First National Bank of Kansas, 9/17/07.

Resolution 03-2010 - Funding Agreement between the City and the R.H. Johnson Company, 1/4/10.

Resolution 68-2012 - Assignment of TIF Proceeds and Security Agreement between Blue Springs Developers, Inc. and the City of Blue Springs for Redevelopment Project A of the 7 Highway and 40 Highway Tax Increment Financing Redevelopment Plan, 8/6/12.

None

Resolution 29-2007 - TIF Funding Agreement between the City and The R.H. Johnson Company, 3/5/07.

The Redevelopment Projects will address four of the Economic Development Corporation's development goals as identified in the 2006 Annual Business Plan: 1) increase capital investment in the Priority Focus Area, 2) attract retail developers for redevelopment in the Priority Focus Area, 3) assist in supporting market interest in leasing vacant business space within the Priority Focus Area, and 4) expand the City's tax base through business development attraction and reinvestment that will generate a broader tax revenue.

Ordinance 4073 - TIF Financing Plan approved and Redevelopment Agreement between the City and The R.H. Johnson Company, 6/18/07.

Ordinance 4424 - Project A activated, 12/17/12.

Ordinance 4308 - First Amended and Restated 7 Highway and 40 Highway Tax Increment Financing Plan and Redevelopment Agreements for Projects A and C, 8/16/10.

3

Current Period Total22 Number of relocated residences due to TIF Project: - -

23 Number of relocated businesses due to TIF Project: 1 1

24 Number of parcels acquired through use of eminent domain power: - -

25 Identify any new or relocated businesses into the Redevelopment Area (in this fiscal year):

Relocated from What City/County?

Blue Springs

ProjectedActual to

Date

26 Estimate of New Jobs: NA 027 Estimate of Retained Jobs: NA 54

Section 2 - Tax Increment Financing Revenues

28 TIF Revenue Deposits to the Special Allocation Fund as of the Report Date:

Current Period Total

(a) Payments in Lieu of Taxes (PILOTS) -$ -$ (b) Economic Activity Taxes (EATS): 28,331$ 28,331$

Total as of Report Date: 28,331$ 28,331$

29 Expenditures for Total Project Costs Funded by TIF

(a)(b)(c)(d)

(e)(f)

Certified project costs are reimbursed as funds become available.

Planet Fitness601 SW US 40

Hwy 816-228-7327 Fitness Center

The Central Jackson County Fire Protection District, in accordance with RSMo 99.848, will be reimbursed from the Special Allocation Fund 50% of the CJCFPD PILOTS paid to the TIF and will be billed 50% of the 50% TIF portion of the CJCFPD sales tax generated in the TIF to be deposited into the Special Allocation Fund.

Name

RSMo 99.848 states that "notwithstanding subsection 1 of section 99.847, any district providing emergency services pursuant to chapter 190 or 321, RSMo, shall be entitled to reimbursement from the special allocation fund in the amount of at least fifty percent nor more than one hundred percent of the district's tax increment. This section shall not apply to tax increment financing projects or districts approved prior to August 28, 2004."

Other (specify): Legal, Engineer, Architect, Plan Admin.

Rehab of existing buildingsAcquisition of land or buildings

Other (specify): Financing Fees 20,352$ 1,892,801$

20,352$

-$ 1,822,268$

-$

50,181$

1,822,268$ -$

-$

Total Project Costs Funded by TIF:

UPS Store605 SW US 40

Hwy 816-224-6299 Retail/Shipping

Public Infrastructure (streets, utilities, etc.)

50,181$


Address Phone Number Primary Business Line

-$

1,892,801$ Total Project Costs Funded by TIF:

-$ Site Development (grading, dirt moving, etc.)

4

(g)

(h)

(i)

30 Anticipated TIF Reimbursable Costs (only include hard costs; not interest or bond issuance costs)

(a)

(b)

(c)

(d)(e)

(f)

31 Per First Amended and Restated TIF Plan

32 TIF Financing Method

(a) [X ] Pay-as-you-go (e) [ ] TIF bond(b) [ ] General obligation bonds (f) [ ] Industrial revenue bond(c) [ ] TIF notes (g) [ ] Other bond(d) [ ] Loan (h) [ ] Other bond

Maturity of TIF Obligations (term of the TIF payout)

33 23

34 23

Estimated Increase in Tax Generation

35 560,000$ 36 560,000$ 37 1,667,348$

38 91,023$

39 57,682$

40 2,866,504$

41 1,278,137$

42 50%

43 23

44 100%

45 23

Percentage of PILOTS captured

Total years anticipated to capture PILOTS

Total (cumulative) EATS anticipated at time of district termination (per plan)

Total (cumulative) PILOTS anticipated at time of district termination

Percentage of EATS captured

Total years anticipated to capture EATS

Anticipated assessed value at time of district termination (per plan)

Original estimate (# of years to retirement)

Current anticipated estimate (# of years to retirement)

Total amount of base year EATS

Assessed valuation of Redevelopment Project (at end of report period)

Project Implementation Costs (including professional fees)

Other (specify): Financing Fees

Current Period

16,722$

-$

-$

445,500$

-$

Reimbursement to City/County/Other Public Entity for eligible cost:

Amount Paid on Debt Service

Payment on principal & interest on bond debt:

Reimbursement to Developer for eligible costs:

Total amount of base year PILOTS (base year tax)

1,411,500$

50,000$ -$

-$

Other (specify):

Other (specify):

1,907,000$ Total Anticipated TIF Reimbursable Costs

Original assessed value of the Redevelopment Project (certified base year)

-$

16,722$

-$

Property Acquisition and Relocation Costs

Public Infrastructure & Site Development Costs (utility extensions, road improvements, stormwater, demolition, grading, etc.)

Total

5

Section 3 : Certification of Chief Executive Officer of Municipality or AgencyPlease see page 3 for the certification of this report by the Mayor of the City of Blue Springs, Missouri.

6


1

23

4



6

7

8

9

10

11

12




(a) [ ] Starting Up (d) [ X ] Fully-Operational (see note below)(b) [ ] Seeking Developer (e) [ ] Inactive(c) [ ] Under Construction (f) [ ] District Dissolved


55State House District

June 18, 2007

4073



August 16, 2010

4308



[email protected]

The R.H. Johnson Company

816-561-5111816-561-5551

Bob Johnson

E-mail AddressPrivate Sector DeveloperPersonPhoneFax

816-228-0204


816-228-0106



7 Highway and 40 Highway Tax Increment Financing Redevelopment Plan, Project B


Phone

8

Blue Springs R-IV



E-mail Address



School District

Note: The project is operational. Two pad sites have not been completed as contemplated in the TIF Plan.



7

16 Area Type:


















None




8



23 Number of relocated businesses due to TIF Project: - -




-

ProjectedActual to

Date





(a) Payments in Lieu of Taxes (PILOTS) 93,599.32$ 462,475.74$ (b) Economic Activity Taxes (EATS): 53,068.77$ 254,746.47$ (c) Interest 27.21$ 215.02$

Total as of Report Date: 146,695.30$ 717,437.23$


(a)(b)(c)(d)

(e)(f)


Phone Number Primary Business Line


Name

-$ Public Infrastructure (streets, utilities, etc.) 322,308$ Total (Certified)

- -


- -

-$

Address

Current Period

8,640$ Site Development (grading, dirt moving, etc.)1,081,576$

-$ Total Project Costs Funded by TIF:



156,988$

1,569,512$

-$ -$

-$

-$

Rehab of existing buildings

-$

-$ Acquisition of land or buildings

Other (specify): Financing Fees and Professional FeesOther (specify):

9

(g)

(h)

(i)


(a)

(b)

(c)

(d)(e)

(f)





33 23

34 23


35 1,640,000$ 36 2,294,688$ 37 3,445,084$

38 8,702$

39 162,718$

40 2,676,557$

41 2,508,655$

42 50%

43 23

44 100%

45 23

Section 3 : Certification of Chief Executive Officer of Municipality or Agency

Other (specify):

2,134,800$


Total Anticipated TIF Reimbursable Costs





Please see page 3 for the certification of this report by the Mayor of the City of Blue Springs, Missouri.





Total (cumulative) EATS anticipated at time of district termination


Total

-$

-$

134,244$

Amount Paid on Debt Service Current Period

Reimbursement to Municipality (or other Public Entity) for eligible cost: -$

591,800$

-$

635,201$

Public Infrastructure & Site Development Costs (utility extensions, road improvements, stormwater, demolition, grading, etc.)

-$



1,493,000$

50,000$ -$

-$



Other (specify):




10


1

23

4



6

7

8

9

10

11

12




(a) [ ] Starting Up (d) [X ] Fully-Operational (b) [ ] Seeking Developer (e) [ ] Inactive(c) [ ] Under Construction (f) [ ] District Dissolved



E-mail Address



816-228-0204


816-228-0106



7 Highway and 40 Highway Tax Increment Financing Redevelopment Plan, Project C


Phone


E-mail Address


Private Sector DeveloperPersonPhoneFax

Fax

8

Blue Springs R-IV



School District



[email protected], Inc.

515-267-2800515-267-2817

Randall B. Edeker

55

June 18, 2007

4073



August 16, 2010

4308

11

16 Area Type:








None
















12






ProjectedActual to

Date





(a) Payments in Lieu of Taxes (PILOTS) 127,200.96$ 127,200.96$ (b) Economic Activity Taxes (EATS): 306,229.70$ 388,981.85$ (c) Interest 50.90$ 68.43$



(a)(b)(c)(d)

(e)(f)


(g)

(h)

(i)

-$

Other (specify): Financing Fees and Professional Fees


Current Period

347,995$

-$

-$

460,000$ Rehab of existing buildingsAcquisition of land or buildings

-$

Other (specify):




-$

Hy-Vee Gas 629 W. Hwy 40 816-220-3497 Gas & Convenience Store



Name

-$ Public Infrastructure (streets, utilities, etc.)Site Development (grading, dirt moving, etc.)

24,243$ -$

-$

Total

-$ -$

-$

1,790,000$

-$

396,360$

-$

3,574,243$ Total Project Costs Funded by TIF:

Total Project Costs Funded by TIF: Current Period Total (Certified)

Address Phone Number Primary Business Line

1,300,000$

13


(a)

(b)

(c)

(d)(e)

(f)





33 23

34 23


35 576,000$ 36 2,016,000$ 37 3,009,701$

38 675,265$

39 59,291$

40 4,919,701$

41 2,961,204$

42 50%

43 23

44 100%

45 23



3,600,000$

-$ -$

-$

Other (specify):

Other (specify):




Total Anticipated TIF Reimbursable Costs

Original assessed value of the Redevelopment Project (certified base year) Assessed valuation of Redevelopment Project (at end of report period)Anticipated assessed value at time of district termination (per plan)




-$

Public Infrastructure & Site Development Costs (utility extensions, road improvements, storm water, demolition, grading, etc.)





1,760,000$

1,840,000$




14

7 Highway & 40 Highway (Projects A, B, C)

15

7 Highway & 40 Highway (Project A & C)

16

7 Highway & 40 Highway (Project B)

17

7 Highway & 40 Highway (Project A) BEFORE Redevelopment

7 Highway & 40 Highway (Project A) (Construction in 2012)

18

7 Highway & 40 Highway (Project B) AFTER Redevelopment

19

7 Highway & 40 Highway (Project C) AFTER Redevelopment

7 Highway & 40 Highway (Project C) AFTER Redevelopment Hy-Vee Gas Station New in FY 2013

20


1

2

3

4


(a) City Contact Agency

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12



Original Date Plan/Project Approval February 20, 2007

Ordinance Number (if available) 4036

Most Recent Plan Amendment (if any) September 21, 2009

Ordinance Number (if available) 4264

State House District 55

State Senate District 8

School District Blue Springs R-IV

The Redevelopment Area, approximately 65 acres, is generally bound by U.S. Interstate 70 on the north; Adams Dairy Parkway on the west (extending further west along northeast Coronado Drive to encompass a section of land between Coronado Drive and U.S. Interstate 70); R.D. Mize Road on the south; and the Marriott Hotel and Convention Center property boundary and Adams Pointe Golf Course boundary on the east in Jackson County, Blue Springs, Missouri.

The Redevelopment Area will be developed as a series of three Redevelopment Projects. Redevelopment Project A is generally located at the southeast quadrant of Adams Dairy Parkway and Coronado Drive and will consist of approximately 569,375 square feet of retail space, which will include two anchor stores, a number of mid-sized stores, smaller retail shops and pad sites available for commercial use. Redevelopment Project B, generally located at the northeast quadrant of Adams Dairy Parkway and Coronado Drive, will consist of approximately 34,710 square feet of retail and restaurant development. Redevelopment Project C is located at the northwest quadrant of Adams Dairy Parkway and Coronado Drive and will consist of approximately 31,260 square feet of commercial retail and restaurant space.

Phone 816-777-3500

Fax 816-777-3501

E-mail Address

E-mail Address [email protected]

Private Sector Developer Blue Springs Development Three, Inc., c/o RED Development, LLC

Person Steve Maun


Rebecca SmithName of person who prepared this Annual Report

Phone 816-228-0106

Fax 816-228-0204


Name of Municipality that approved the TIF Plan or Project City of Blue Springs, Missouri

City of Blue Springs Finance Department

Person Karen Van Winkle, Director of Finance

Name of Plan or Project Adams Farm Tax Increment Financing Plan, Projects A, B & C

Report Period

21


(a) [ ] Starting Up (d) [ X ] Fully-Operational (see note below)

(b) [ ] Seeking Developer (e) [ ] Inactive

(c) [ ] Under Construction (f) [ ] District Dissolved

16 Area Type:

(a) [X ] Blight

(b) [ ] Conservation

(c) [ ] Economic Development


(a) [X ] Project had unusual/extraordinary costs that made the project financially unfeasible in the market place.

(b) [ ] Project required significant public infrastructure investment to remedy existing inadequate conditions.

(c) [X ] Project required significant public infrastructure to construct adequate capacity to support the project.

(d) [X ] Project required parcel assembly and/or relocation costs.

(e) [ ] Other (describe):



20 Description of Agreements with the Developer: Resolution 97-2006 - Tax Increment Financing (TIF) Funding Agreement between the City and Blue Springs Development Two, LLC, c/o Red Development, LLC, 11/20/06.

In addition to the construction of the Redevelopment Projects, this plan provides for the construction of certain public infrastructure improvements associated with the Redevelopment Area and as required by the City. The proposed public infrastructure improvements include the widening and construction of new traffic lanes on Adams Dairy Parkway, Coronado Drive, R.D. Mize Road and adjustments to the off-ramp from U.S. Interstate 70.

The implementation of this plan will lead to an improved transportation infrastructure to provide traffic flow access into the Redevelopment Area and the construction of an approximately 606,600 square foot upscale retail development that will share a mix of large anchor and lifestyle retail and restaurant tenants that will promote a higher level of economic activity, resulting in increased employment and an enhanced tax base for the City.

Note: All project areas have pad sites that are fully operational and some pad sites are still under construction in accordance with the TIF Plan.

The Redevelopment Area consists of vacant land containing several vacant structures, including a number of single family homes, abandoned farm structures, and storage buildings. Several of the properties within the Redevelopment Area were formerly located outside the corporate limits of the City of Blue Springs. Most of these properties have since been voluntarily annexed into the City, with the exception of one parcel that is currently owned by Lawrence and Ruby Jeanne Groves, and is located near the northeast corner of Adams Dairy Parkway and R.D. Mize Road within Redevelopment Project A. The Developer currently has a portion of this property that is necessary for the project under contract and will voluntarily annex this portion of the property into the City of Blue Springs once it is purchased. The plan proactively contemplates the voluntary annexation of this parcel to be included within the legal boundary of the Redevelopment Area through a future amendment to the plan. Project Update: The Groves property has been purchased by the Developer and annexed into the City of Blue Springs.

22


Ordinance 4036 - TIF Plan approved, Redevelopment Area established, and Blue Springs Development Two, LLC designated as the Developer of Redevelopment Projects A, B, and C, 2/20/07.

Ordinance 4039 - TIF Redevelopment Agreement between the City and Blue Springs Development Two, LLC for the TIF Plan, 3/5/07.

Ordinance 4321 - First Amendment to the Cooperative Agreement among the City, the Adams Farm TDD, and Blue Springs Development Three, Inc., 11/1/10.

Assignment and Security Agreement between Blue Springs Development Three, Inc. and Mutual of Omaha Bank, 6/29/11.

Ordinance 4331 - First Amended and Restated Cooperative Agreement among the City, the Adams Dairy Landing CID and BS Development Three, Inc., 3/7/11.

Ordinance 4264 - TIF Plan amended to revise legal description of Project Areas, 9/21/09.

Ordinance 4173 - Cooperative Agreement between Blue Springs Development Three, Inc., Home Depot USA, Inc., The I-70 and Adams Dairy Parkway Transportation District, and the City, 7/21/08.

Resolution 53-2013 - Transferee Agreement between the City of Blue Springs and Blue Springs Partners LP for portions of the Adams Farm TIF project areas formerly in agreement with Blue Springs Development 3 (BSD3), 7/15/2013.


The Blue Springs R-IV School District will receive annually from the Special Allocation Fund a capital contribution in the amount equal to 22.5% of the District's then existing mill levy multiplied by the increased assessed value of property over the Total Initial Equalized Assessed Value within each Project Area as Project Areas are activated during the life of the Plan.

Resolution 100-2007 - First Amendment to the TIF Contract between the City and Blue Springs Development Three, Inc. regarding the Amended Adams Farm TIF Plan, 9/5/07.

Ordinance 4175 - Cooperative Agreement between Adams Dairy Landing CID and Blue Springs Development Three, Inc., 7/21/08.

Ordinance 4212 - Cooperative between the City, Adams Farm TDD, and Blue Springs Development Three, Inc., 12/15/08.

Ordinance 4114 - Amended Adams Farm TIF Plan (dated August 6, 2007) and Second Amendment to the TIF Contract between the City and Blue Springs Development Three, Inc., regarding the Amended Adams Farm TIF Plan, 11/05/07.

Resolution 01-2008 - Contract between the City and Blue Springs Development Three, Inc., regarding the re-location R.D. Mize Road, 1/7/08.

Ordinance 4172 - Cooperative Agreement between Blue Springs Development Three, Inc., Wal-Mart Stores East, LP, and the City, 7/21/08.

Ordinance 4243 - First Amended and Restated TIF Contract and Amendments to the Adams Farm TIF Plan between the City and Blue Springs Development Three, Inc., 6/1/09.


Ordinances 4265, 4266, 4267 - Amendments to Ordinances 4213, 4214, 4215 to correct legal descriptions of Project Areas A, B, and C, 9/21/09.

Ordinance 4291 - First Amendment to the First Amended and Restated TIF Contract between the City and Blue Springs Development Three, Inc., 3/25/10.

Ordinance 4268 - Superseding addendum to the First Amended and Restated TIF Contract between the City and Blue Springs Development Three, Inc. dated 7-31-09 to revise legal descriptions to Project Areas A, B, and C, 9/21/09.



23


22 Number of relocated residences due to TIF Project: - 12





Blue Springs

-

-

-

-

-

-

-

-

-

ProjectedActual to

Date

26 Estimate of New Jobs: 1,579 766

27 Estimate of Retained Jobs: NA 817

Clothing Retail

816-228-4474

Clothing Retail

1332 NE Coronado Drive

Clothing Retail

Chic Nails & Spa

Bedding RetailSleep Number 705 NE Coronado

Drive 816-795-0468

Dress Barn

Rue 21


816-224-4766

816-229-0516




The Adams Farm TDD sales tax is 1% for 30 years, the Coronado Drive TDD sales tax is 1/2% for 10 years and the I-70 and Adams Dairy Parkway TDD sales tax is 1/2% for 10 years. Each TDD has pledged it's net revenue. The net revenue is the gross revenue less TDD operating expenses and certified TDD reimbursable expenses.

Restaurant

Jewelry Retail

Clothing Retail

Manicure & Massage Service

Arby's

Cash for Gold

Cato

Primary Business Line

The Adams Dairy Landing Community Improvement District special assessment is $1.00 per square foot on building floor area. The net CID revenues are pledged to the TIF. The net revenue is the gross revenue less CID operating expenses and certified CID reimbursable expenses. The CID is authorized to impose a sales tax of up to 1% as an additional source of funds to use in connection with the CID Project and/or other CID eligible costs if the Developer, District and City deem it necessary or desirable. A sales tax has not been imposed at this time.

Phone NumberName Address


816-988-7866

816-229-0561

816-224-9999

Clothing Retail

Halloween Express


Ross Dress for Less



816-220-1013 Clothing Retail

Claire's 1336 NE Coronado

Drive 816-229-0942

816-228-2723

24



(a) Payments in Lieu of Taxes (PILOTS)(b) Economic Activity Taxes (EATS):

InterestTDD Sales TaxCID Special AssessmentTotal as of Report Date:


(a)

(b)(c)(d)(e)

(f)


(g)

(h)

(i)


(a)(b)(c)

(d)(e)(f)31

Per original TIF Plan.32 TIF Financing Method

(a) [ ] Pay-as-you-go (e) [ ] TIF bond(b) [ ] General obligation bonds (f) [ ] Industrial revenue bond(c) [ ] TIF notes (g) [X ] Other bond (Special Obligation Bond)(d) [ ] Loan (h) [ ] Other bond

-$

Other (specify): Total Anticipated TIF Reimbursable Costs 28,039,477$

3,031,129$ -

Other (specify): City Reimb. Exp & Interest Carry

3,625,338$ Other (specify): Financing fees & City Reimbursable Expenses

1,383,933$ -$


2,515,840$

Public Infrastructure & Site Development Costs (utility extensions, road improvements, storm water, demolition, grading, etc.) 21,108,575$


Other (specify): Engineering, Architectural, Legal, Commissions



-$ 792,479.01$

Reimbursement to Developer for eligible costs: -$ 27,005,661.72$

Other (specify): Professional fee -$ 3,238,121$

Payment on principal & interest on bond debt: 2,134,226.30$ 7,096,907.12$

Total Project Costs Funded by TIF: -$ 20,630,881$


Rehab of existing buildings -$ 2,911,909$ Acquisition of land or buildings -$ 1,383,933$

Public Infrastructure (streets, utilities, etc.) -$ 8,919,307$

Site Development (grading, dirt moving, etc.) -$ 552,273$

Total Project Costs Funded by TIF: Current Period Total

$ 1,591,934.84 4,377,329.47$ $ 2,522.88

$ 3,839,245.62 $ 11,174,654.62 $ - -$

$ 1,109,309.29 $ 2,378,131.08

$ 1,135,478.61 6,207.79$

4,412,986.28$


25

Maturity of TIF Obligations (term of the TIF payout)33 Original estimate (# of years to retirement) 2334 Current anticipated estimate (# of years to retirement) 23


35 3,037,380$

36 13,094,908$

37 33,796,820$

38 -$

39 319,800$

40 64,727,652$

41 38,147,650$

42 50%

43 23

44 100%

45 23











Anticipated assessed value at time of district termination (per plan) (per plan)


26

Adams Farm (Projects A, B, C) (Construction in 2008)

Site Aerial


27


Adams Farm (Projects A, B, C) (FY 2010)

28


29


Staples closed in FY 2013. Halloween Express opened in FY 2013.

30


31


Chic Nails & Spa (just north of Charming Charlie) opened in FY 2013.

Cash for Gold opened in FY 2013.

32


Cato, Claire’s, Dress Barn (below), Ross Dress for Less, Rue 21 opened in FY 2013.

Hallmark opened in FY 2012. Dress Barn opened in FY 2013.

33


Sleep Number opened in FY 2013. AT&T is opening in FY 2014.

34


1

2

3

4



(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12









School District

54



8

E-mail Address

Blue Springs R-IV

Phone

Report Period

Phone


Kevin Fitzpatrick

Private Sector Developer

Person

Fax

E-mail Address


Name of Plan or Project Copperleaf Village Shopping Center Tax Increment Financing Plan

816-228-0106

[email protected]

Copperleaf Village, LLC

913-677-1800

913-677-1826



Person



816-228-0204


Fax

Approximately 4.5 acres of property located in an area generally described as the northwest quadrant of the intersection of Missouri Highway 7 and R.D. Mize Road and bounded on the north by Hearnes Avenue, R.D. Mize Road on the south, and Missouri Highway 7 on the east, formerly known as the I-70 Center.

Note: The project is operational. Two pad sites have not been completed as contemplated in the TIF Plan.

August 29, 2005

3892

NA

NA



The scope of this project involves the redevelopment of a retail center that comprises a series of current developments ranging in age from 30-45 years and impacts 8 parcels of property located along Missouri Highway 7 between R.D. Mize Road and Hearnes Avenue. The inline shops contained in the shopping center will be enlarged and upgraded and the existing 3 pad sites will be reconfigured and redeveloped to be consistent with the tenant mix, access and visibility of the upgraded shopping center.

35

16 Area Type:

(a) [X ] Blight




(a) [X ] Project had unusual/extraordinary costs that made the project financially unfeasible in the market place.


(c) [ ] Project required significant public infrastructure to construct adequate capacity to support the project.

(d) [X ] Project required parcel assembly and/or relocation costs.





21 Description of any agreements with the affected taxing districts:The Central Jackson County Fire Protection District, in accordance with RSMo 99.848, will be reimbursed from the Special Allocation Fund 50% of the CJCFPD PILOTS paid to the TIF and will be billed 50% of the 50% TIF portion of the CJCFPD sales tax generated in the TIF to be deposited into the Special Allocation Fund.

Ordinance 3910 -TIF Redevelopment Agreement between City and Tallgrass Shopping Center, LLC, 9/19/05.

Ordinance 3939 - Acquisition Funding Agreement between City and Copperleaf Village, LLC, 12/19/05.

In order for this project to proceed, the Developer is seeking to purchase three residential properties to the north of the shopping center along Hearnes Avenue that would allow for the expansion of the principal strip retail center with the addition of approximately 4,700 square feet of space. In addition, the Developer is seeking to acquire two commercial properties located along Missouri Highway 7. Project Update: Residential and commercial properties have been purchased.

The project will consist of $7.5 million in capital improvements to the substantially deteriorated 20,820 square foot center that has met 5 conditions of statutory blight, the legal requirement for triggering the "But For" clause of TIF, and the addition of a new median along Missouri Highway 7 in front of the renovated shopping center. The support of this redevelopment with TIF will encourage private investment to produce a long-term, orderly pattern of quality retail and service commercial uses in and adjacent to the Redevelopment Areas. The redevelopment will also enhance the tax base for the City and other taxing jurisdictions having territory within the Redevelopment Area.

Ordinance 3937 - Copperleaf TIF activated, 12/19/05.

Ordinance 3892 - Copperleaf Village Shopping Center Tax Increment Financing (TIF) Plan approved, Redevelopment Area established, and Tallgrass Shopping Center, LLC designated as Developer, 8/29/05.


36


22 Number of relocated residences due to TIF Project: - 3

23 Number of relocated businesses due to TIF Project: - 2

24 Number of parcels acquired through use of eminent domain power: - 1


Relocated from City/County?

ProjectedActual to

Date

26 Estimate of New Jobs: NA 63





(a) Payments in Lieu of Taxes (PILOTS) -$ 198,712.44$

(b) Economic Activity Taxes (EATS): 10,426.93$ 44,777.59$

Interest 4.32$ 23,396.39$



(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

816-229-2440 RestaurantFirehouse Subs 715 NW 7 Hwy

Address Phone Number Primary Business LineName

203,935.64$

-$

-$

-$

Total

-$

-$

69,696$

-$

1,700,068$

538,741$

44,500$

98,000$

Total (Certified)Current PeriodTotal Project Costs Funded by TIF:



Other (specify):



949,131$ Acquisition of land or buildings


-$

Other (specify):

Site Development (grading, dirt moving, etc.)



Current Period

37


(a)

(b)

(c)

(d)

(e)

(f)

31 Per original TIF Plan.


(a) [X ] Pay-as-you-go (e) [ ] TIF bond

(b) [ ] General obligation bonds (f) [ ] Industrial revenue bond

(c) [ ] TIF notes (g) [ ] Other bond

(d) [ ] Loan (h) [ ] Other bond


33 Original estimate (# of years to retirement) 18

34 Current anticipated estimate (# of years to retirement) 18


35 639,282$

36 995,872$

37 2,442,776$

38 58,847$

39 62,707$

40 1,523,830$

41 1,815,866$

42 50%

43 18

44 100%

45 18






Anticipated assessed value at time of district termination (per plan) (per plan)


Other (specify):








836,177$

794,195$



Other (specify):


-$

69,696$

-$

Other (specify):

-$

38

Copperleaf Village Shopping Center

39

Copperleaf Village Shopping Center BEFORE Redevelopment

40

Copperleaf Village Shopping Center AFTER Redevelopment

Mary Margaret’s closed in FY 2013. Firehouse Subs opened in FY 2013.

41


42


43


1

2

3

4



(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12



June 5, 2000

3206

Person

Phone

Fax

Top Star, LLC

816-781-3322



2665

April 15, 1996

Report Period

Rebecca Smith

Phone


Fax

[email protected]



Tim Harris


816-228-0204

816-228-0106

Name of person who prepared this Annual Report


City of Blue Springs, MissouriName of Municipality that approved the TIF Plan or Project

Fall Creek Tax Increment Financing Plan


Name of Plan or Project

8

Blue Springs R-IV

The Redevelopment Area is generally bounded by Missouri Highway 7 on the east, the southern branch of Clark Road on the south, Luttrell Road on the west and White Oak Shopping Center on the north.

The Redevelopment Area contains approximately 40 acres that will be developed in separate Redevelopment Project Areas. Redevelopment Project Areas I and II will be the Developer's portion and the remaining portion of the Redevelopment Area will be available for development by other developers. Redevelopment Project Area 1 consists of the construction of a retail shopping center comprised of multiple buildings containing approximately 202,000 square feet of gross leasable area, at least one office building, parking for approximately 1,500 vehicles and the construction of related necessary public improvements such as sidewalks, road-widening, traffic control improvements and utility infrastructure. Redevelopment Project II consists of construction of an upscale residential community of approximately 150 units and the construction of related necessary public improvements such as sidewalks, road-widening, traffic control improvements and utility infrastructure. Redevelopment Project II will not adopt tax increment financing, but will constitute reimbursable project costs for the public improvements.

Person


E-mail Address

E-mail Address



School District

55

44





16 Area Type:

(a) [X ] Blight




(a) [X] Project had unusual/extraordinary costs that made the project financially unfeasible in the market place.



(d) [ ] Project required parcel assembly and/or relocation costs.





A significant portion of the Redevelopment Area is vacant land that has not been developed due to existing physical and market conditions. The site improvements within the Redevelopment Area are deteriorated and include an abandoned gasoline station, vacant and abandoned buildings and substandard single family housing units. The Redevelopment Area contains defective or inadequate street layout and insanitary conditions as well as conditions which endanger life or property by fire and other causes. The predominance of these factors individually and in combination cause the Redevelopment Area to constitute an economic and social liability and a menace to the public health, safety, morals, and welfare in its present condition and use.

Ordinance 3113 - Development Agreement between the City and Parker Construction (Developer), 1/18/99.

Ordinance 3206 - First Amendment to First Amended and Restated Fall Creek Tax Increment Financing Plan, 6/5/00.

Ordinance 3207 - First Amendment to Development Agreement for the Mall at Fall Creek, 6/5/00.

The Redevelopment Plan proposes improvements to infrastructure and development of an upscale retail area that will stimulate the City's economy and improve blighted conditions.

Ordinance 3856 - Second Amended and Restated Development Agreement between the City and Top Star, LLC, 1/12/05.

Ordinance 4030 - Third Amendment to the Development Agreement between the City and Top Star, LLC (Developer), 2/5/07.

Note: The project is operational. 1 pad site has not been completed as contemplated in the TIF Plan.

Ordinance 3098 - Copperleaf TIF activated, 11/30/98.

Ordinance 2673 - Development Agreement between City and Thomas Enterprises, Inc., 05/06/96.

Ordinance 2665 - Blue Springs Pavillion Tax Increment Financing Plan, 04/15/96.

Ordinance 3113 - Development Agreement between the City and Parker Construction (Developer), 1/18/99.

Ordinance 2734 - First Amendment to Development Agreement between City and Thomas Enterprises, Inc., 11/04/96.

Ordinance 3098 - First Amended and Restated Fall Creek Tax Increment Financing Plan, 11/30/98.

45



22 Number of relocated residences due to TIF Project: - -





ProjectedActual to

Date

26 Estimate of New Jobs: 200 206





(a) Payments in Lieu of Taxes (PILOTS) 260,985.78$ 2,097,793.26$

(b) Economic Activity Taxes (EATS): 126,760.68$ 2,521,011.74$

Interest 51.95$ 115,234.55$

Other 100,141.15$ 169,719.42$

Total as of Report Date: 487,939.56$ 4,903,758.97$

Medical - Physical Therapy

Hackelman Chiropractic

The Fall Creek TIF was approved prior to 1994. Therefore, the Central Jackson County Fire Protection District, in accordance with RSMo 99.848, will NOT be reimbursed from the Special Allocation Fund 50% of the CJCFPD PILOTS paid to the TIF and will be billed 50% of the TIF portion of the CJCFPD sales tax generated in the TIF to be deposited into the Special Allocation Fund.

Phone Number


SERC Physical & Hand Therapy 816-295-2050

1241 SW 7 Hwy

1225 SW 7 Hwy

816-224-3790 Medical- Physical Therapy

Name Address Primary Business Line

46


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)


(a)

(b)

(c)

(d)

(e)

(f)



(a) [ ] Pay-as-you-go (e) [ ] TIF bond


(c) [ ] TIF notes (g) [X] Other bond ( CID Bonds)

(d) [ ] Loan (h) [ ] Other bond





35 30,007$

36 2,561,573$

37 9,500,000$

38 -$

-$

-$

Total


-$

-$


Total

4,727,078$

2,588,929$

Current Period

Other (specify):

-$

2,588,929$

-$

1,049,690$ Public Infrastructure (streets, utilities, etc.)


-$ Total Project Costs Funded by TIF:


-$

Current Period

Site Development (grading, dirt moving, etc.) 827,872$

311,367$

-$

-$

Other (specify):


Acquisition of land or buildings

-$

Other (specify):

400,000$

-$


Other (specify):

Other (specify): -$


-$






462,650$

485,000$

Public Infrastructure & Site Development Costs (utility extensions, road improvements, storm water, demolition, grading, etc.) 3,015,000$

400,000$


-$

47

39 2,320$

40 17,928,157$

41 23,249,225$

42 50%

43 15

44 100%

45 15









48

Fall Creek

49

Fall Creek AFTER Redevelopment

50


Party Depot closed in FY 2010. SERC Physical & Hand Therapy opened in FY 2013.

51


Closed in FY 2011

52


Hackelman Chiropractic opened in Club 7 Fitness in FY 2013.

53


1

2

3

4



(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12




(a) [ ] Starting Up (d) [ ] Fully-Operational


(c) [ X ] Under Construction (f) [ ] District Dissolved

Person



816-228-0204

816-228-0106

The Woods Chapel TIF Plan provides for the redevelopment of the Redevelopment Area, which consists of approximately 26 acres of land located in Blue Springs, Missouri in an area generally bounded by Carl Felt Road on the north, Woods Chapel Road on the east, NW Valley View Place Road on the south and single-family residential development to the west.

The Redevelopment Area will be developed as three Redevelopment Projects. Redevelopment Project 1 will consist of approximately 56,675 SF of retail space, including retail shops and pad sites available for commercial use. Redevelopment Project 2 will consist of approximately 92,400 SF of retail space, including retail shops and a grocery store. Redevelopment Project 3 will consist of approximately 5,800 SF for a bank.

Name of person who prepared this Annual Report


City of Blue Springs, MissouriName of Municipality that approved the TIF Plan or Project

Woods Chapel Tax Increment Financing Plan, Project 1



Report Period

Rebecca Smith

Phone

Fax


[email protected]

I-70 Partners, LLC

816-960-1444


E-mail Address

8

Blue Springs R-IV

Dan Carr


Person

Fax

E-mail Address


Phone




School District

July 7, 2008

4165

May 18, 2009

4235

54

Note: 1 business has opened in the project area and the Park and Ride area is operational.

54

16 Area Type:

(a) [X ] Blight












The Redevelopment Area is plagued by severe drainage and environmental challenges. For these reasons, complicated engineering and construction challenges face the Redevelopment Area. The Redevelopment Area is bisected from east to west by a deep creek that drains the site and the surrounding areas. The low lying areas suffer from severe drainage problems that frequently leaves standing water for long periods of time. Project engineers have identified wetlands and "Waters of the U.S.," which are within the jurisdiction for the U.S. Army Corp of Engineers and the State of Missouri. Significant environmental study, engineering and remediation will be necessary to develop around or disturb these areas.

Ordinance 4165 - Woods Chapel TIF Plan approved, TIF Contract between Woods Chapel Redevelopment, LLC and City approved, Redevelopment Area established, and Woods Chapel Redevelopment, LLC designated as the Developer of Projects 1, 2, and 3, 7/7/08.

Ordinance 4235 - Tax Increment Financing Contract between the City and I-70 Partners, LLC. Ordinance designates I-70 Partners, LLC as the Developer for the Woods Chapel TIF Plan and Redevelopment Projects 1, 2, and 3, 5/18/09.

Ordinance 4237 - Cooperative Agreement with the Oaks at Woods Chapel Community Improvement District and I-70 Partners, LLC, 05/18/09.

Resolution 33-2009 - Tax Incentive Funding Agreement between City and I-70 Partners, LLC, 04/06/09.

Ordinance 4333 - First Amendment to the TIF Contract by and between the City and I-70 Partners, LLC for the Woods Chapel TIF Plan, 04/04/11.

Resolution 45-2011 - Collateral Assignment of TIF Contract and Collateral Assignment of Cooperative Agreement between I-70 Partners, LLC and Alterra Bank for the Woods Chapel TIF Redevelopment Project, 06/20/11.

Ordinance 4334 - First Amendment to the Cooperative Agreement among the City, the Oaks at Woods Chapel Community Improvement District and I-70 Partners, LLC, 04/04/11.

In addition to the construction of the Redevelopment Projects, this Plan provides for the construction of certain public infrastructure improvements associated with the Redevelopment Projects and those traffic improvements attributable to the Redevelopment Area and required by the City. The proposed Woods Chapel and Vallyview Road improvements will primarily take place adjacent to the development providing two northbound lanes on Woods Chapel Rd to accommodate double northbound left turn lanes from Valleyview Road and two southbound lanes on Woods Chapel Road which become a dedicated through and right turn lane at Valleyview Road.

Ordinance 4165 - Woods Chapel TIF Project 1 activated, 7/7/08.

55




23 Number of relocated businesses due to TIF Project: 1 1

24 Number of parcels acquired through use of eminent domain power: 1 1



-

ProjectedActual to

Date

26 Estimate of New Jobs: - 25

27 Estimate of Retained Jobs: - 25

Section 2 - Tax Increment Financing Revenues28 TIF Revenue Deposits to the Special Allocation Fund as of the Report Date:


(a) Payments in Lieu of Taxes (PILOTS) 41,887.10$ 125,339.60$

(b) Economic Activity Taxes (EATS): 689.11$ 823.85$

Interest 78.38$ 189.66$



(a)

(b)

(c)

(d)

(e)

(f)


Pharmacy and Retail





Other (specify):

Other (specify): -$ -$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$


Current Period

-$

-$ Public Infrastructure (streets, utilities, etc.)

Total

Oaks at Woods Chapel Community Improvement District - The CID has been formed and will impose a 1% sales tax on all sales within the district. The net revenues, gross revenues less CID operating expenses and certified CID reimbursable expenses, have been pledged to the Special Allocation Fund for the payment of TIF reimbursable project costs.



The Blue Springs R-IV School District will receive an annual Capital Contribution from the Special Allocation Fund an amount equal to ten (10%) of the School District's then existing mill levy multiplied by the increased assessed value of property over the Total Initial Equalized Assessed Value within each Project Area during the life of the Plan.

Name

CVS Pharmacy #8950 816-224-3048

1101 NW Woods Chapel Road

Phone NumberAddress

56

(g)

(h)

(i)


(a)

(b)

(c)

(d)

(e)

(f)





(c) [ ] TIF notes (g) [ ] Other bond ( CID Bonds)

(d) [ ] Loan (h) [X ] Other bond





35 Original assessed value of the Redevelopment Project (certified base year) 102,516$

36 Assessed valuation of Redevelopment Project (at end of report period) 573,665$

37 Anticipated assessed value at time of district termination (per plan) 3,088,688$

38 Total amount of base year EATS 5,431$

39 Total amount of base year PILOTS (base year tax) 8,858$

40 Total (cumulative) EATS anticipated at time of district termination 4,924,731$

41 Total (cumulative) PILOTS anticipated at time of district termination 4,759,207$

42 Percentage of EATS captured 50%

43 Total years anticipated to capture EATS 23

44 Percentage of PILOTS captured 100%

45 Total years anticipated to capture PILOTS 23



Other (specify): Legal/Developer Fees

pCosts (utility extensions, road improvements,


4,318,264$

-$


-$

591,800$

774,359$

152,750$

j p ( gprofessional fees)

Other (specify): Remediation of Waterway

Other (specify): Design/Engineering

-$

-$




-$

Total

-$

-$

Current Period

-$


57


1

2

3

4



(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12




(a) [ X ] Starting Up (d) [ ] Fully-Operational






Dan Carr


Person

Phone


[email protected]


E-mail Address


Fax

Fax

I-70 Partners, LLC

816-960-1444

July 7, 2008

4165


816-228-0106


Report Period


Phone

May 18, 2009

4235



E-mail Address

Person



816-228-0204



School District

54

8

Blue Springs R-IV



58

16 Area Type:

(a) [X ] Blight











20 Description of Agreements with the Developer: Ordinance 4165 - Woods Chapel TIF Plan approved, TIF Contract between Woods Chapel Redevelopment, LLC and City approved, Redevelopment Area established, and Woods Chapel Redevelopment, LLC designated as the Developer of Projects 1, 2, and 3, 7/7/08.

Resolution 33-2009 - Tax Incentive Funding Agreement between City and I-70 Partners, LLC, 04/06/09.

Ordinance 4235 - Tax Increment Financing Contract between the City and I-70 Partners, LLC. Ordinance designates I-70 Partners, LLC as the Developer for the Woods Chapel TIF Plan and Redevelopment Projects 1, 2, and 3, 5/18/09.








59







Phone Number



- - -

ProjectedActual to

Date

26 Estimate of New Jobs: - -

27 Estimate of Retained Jobs: - -




(a) Payments in Lieu of Taxes (PILOTS) -$ -$

(b) Economic Activity Taxes (EATS): -$ -$

Total as of Report Date: -$ -$


(a)

(b)

(c)

(d)

(e)

(f)




Name

-


Address

--


-$

-$

-$ Public Infrastructure (streets, utilities, etc.)


Current Period

-$

Total

-$

-$

-$

-$

-$

-$ Acquisition of land or buildings

Other (specify):

-$



Other (specify): -$

-$

-$

60

(g)

(h)

(i)


(a)

(b)

(c)

(d)

(e)

(f)











35 -$

36 -$

37 3,899,222$

38 -$

39 NA

40 11,657,352$

41 6,430,048$

42 50%

43 23

44 100%

45 23


Total amount of base year PILOTS (in year prior to activation )









-$




Current Period


-$

22,244$



Other (specify):

Other (specify):






-$

-$

1,486,713$

-$


-$

-$

Total

-$

61


1

2

3

4



(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12




(a) [ X ] Starting Up (d) [ ] Fully-Operational




Blue Springs R-IV




816-228-0106

July 7, 2008

4165

May 18, 2009

4235

54

Phone



E-mail Address

Person



816-228-0204


Fax

Fax


Report Period


I-70 Partners, LLC

816-960-1444

[email protected]



Dan Carr


Person

Phone

E-mail Address




School District


8

62

16 Area Type:

(a) [X ] Blight

















Ordinance 4165 - Woods Chapel TIF Plan approved, TIF Contract between Woods Chapel Redevelopment, LLC and City approved, Redevelopment Area established, and Woods Chapel Redevelopment, LLC designated as the Developer of Projects 1, 2, and 3, 7/7/08.

Resolution 33-2009 - Tax Incentive Funding Agreement between City and I-70 Partners, LLC, 04/06/09.Ordinance 4235 - Tax Increment Financing Contract between the City and I-70 Partners, LLC. Ordinance designates I-70 Partners, LLC as the Developer for the Woods Chapel TIF Plan and Redevelopment Projects 1, 2, and 3, 5/18/09.





63






Phone Number



- - -

ProjectedActual to

Date

26 Estimate of New Jobs: - -

27 Estimate of Retained Jobs: - -




(a) Payments in Lieu of Taxes (PILOTS) -$ -$

(b) Economic Activity Taxes (EATS): -$ -$

Total as of Report Date: -$ -$


(a)

(b)

(c)

(d)

(e)

(f)



Other (specify):

Other (specify):


-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$



Current Period

-$

-$ Rehab of existing buildings

Total

Name

--


-



Address

64

(g)

(h)

(i)


(a)

(b)

(c)

(d)

(e)

(f)











35 -$

36 -$

37 339,368$

38 -$

39 NA

40 -$

41 515,444$

42 0%

43 0

44 100%

45 23



Total amount of base year PILOTS (in year prior to activation)








146,242$ Total Anticipated TIF Reimbursable Costs

Other (specify):



137,988$

-$

-$




-$

8,254$

-$

-$



Other (specify):

-$

-$




Reimbursement to City/County/Other Public Entity for eligible cost: -$

Total

-$

-$

Current Period

65

Woods Chapel (Site Plan)

66

Woods Chapel BEFORE Redevelopment

67

Woods Chapel AFTER Redevelopment (FY 2013)

CVS Pharmacy (center, left) opened in FY 2013.

Woods Chapel Road Park & Ride facility (north of CVS) opened in FY 2013. Diverging Diamond Interchange (DDI) (far north) (not part of TIF project area) completed in FY 2014.

68

Blu

e S

prin

gs, M

isso

uri T

ax In

crem

ent F

inan

cing

7 H

wy

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0 H

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Cop

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Vill

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ppin

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ente

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all C

reek

Woo

ds C

hape

l (P

roje

ct 1

)T

otal

R

even

ues

Tax

es*

28,3

30.9

6$

146,

668.

09$

433,

430.

66$

3,83

6,72

2.74

$

10,4

26.9

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387,

746.

46$

42,5

76.2

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In

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-

27.2

1

50

.90

2,52

2.88

4.32

51.9

5

78

.38

Oth

er-

-

-

-

-

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0,14

1.15

-

10

0,14

1.15

T

otal

Rev

enue

s28

,330

.96

14

6,69

5.30

43

3,48

1.56

3,

839,

245.

62

10

,431

.25

48

7,93

9.56

42

,654

.59

4,98

8,77

8.84

Exp

end

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res:

Cu

rren

t:

Gen

eral

Gov

ernm

ent

-

13,0

72.7

1

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,846

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243,

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-

4,17

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5,85

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ssio

nal S

ervi

ces

540.

00

-

-

1,80

0.00

-

-

-

Cer

tifie

d D

evel

oper

Cos

ts28

,142

.70

13

9,69

7.44

39

8,35

6.78

-

94

8.83

-

79

9.94

Deb

t se

rvic

e:

Prin

cipa

l Ret

irem

ent

-

-

-

835,

000.

00

-

275,

000.

00

-

Inte

rest

and

Fis

cal C

harg

es-

-

-

1,

299,

226.

30

-

18

7,65

0.00

-

T

otal

Exp

endi

ture

s28

,682

.70

15

2,77

0.15

42

9,20

3.39

2,

379,

843.

12

94

8.83

46

6,82

5.77

6,

650.

17

3,46

4,92

4.13

-

Exc

ess

of R

even

ues

Ove

r/(U

nder

) E

xpen

ditu

res

(351

.74)

(6,0

74.8

5)

4,

278.

17

1,

459,

402.

50

9,

482.

42

21

,113

.79

36,0

04.4

2

1,

523,

854.

71

Oth

er F

inan

cin

g S

ou

rces

(u

ses)

:

Bon

d P

roce

eds

-

-

-

-

-

-

-

Ope

ratin

g T

rans

fers

In-

-

-

-

-

-

-

Ope

ratin

g T

rans

fers

(O

ut)

(304

.07)

(722

.64)

(5

,136

.91)

(11,

448.

34)

(5

2.48

)

(6,9

00.0

0)

(2

10.1

0)

Tot

al O

ther

Fin

anci

ng S

ourc

es

(use

s)(3

04.0

7)

(7

22.6

4)

(5,1

36.9

1)

(1

1,44

8.34

)

(52.

48)

(6

,900

.00)

(210

.10)

(2

4,77

4.54

)

-

Net

Cha

nge

in F

und

Bal

ance

s(6

55.8

1)

(6

,797

.49)

(858

.74)

1,

447,

954.

16

9,

429.

94

14

,213

.79

35,7

94.3

2

1,

499,

080.

17

-

F

und

Bal

ance

- B

egin

ning

of Y

ear

-

10,3

93.4

5

25

,977

.33

5,97

8,45

9.24

2,17

5.80

38,1

13.4

4

71

,537

.48

Fun

d B

alan

ce -

End

of Y

ear

(655

.81)

$

3,59

5.96

$

25,1

18.5

9$

7,

426,

413.

40$

11

,605

.74

$

52

,327

.23

$

107,

331.

80$

7,62

5,73

6.91

$

1st y

ear

TIF

Pro

ject

Fun

ds

Com

bini

ng S

tate

men

t of R

even

ues,

Exp

endi

ture

s an

d C

hang

e in

Fun

d B

alan

ce

For

the

Yea

r E

nded

Sep

tem

ber

30, 2

013

69

Blue Springs, Missouri Tax Increment Financing

TIF Projects Fund

Statement of Revenues, Expenditures and Change in Fund Balance

For the Year Ended September 30, 2013

Project: 7 Highway & 40 Highway TIF, Project A

2013

Revenues:

Taxes* 28,330.96$

Interest -$

Other -$

Total Revenues 28,330.96$

Expenditures:

Current:

General Government -$

Professional Services 540.00$

Certifed Developer Costs 28,142.70$

Debt service:

Principal Retirement -$

Interest and Fiscal Charges -$

Total Expenditures 28,682.70$

Excess of Revenues Over/(Under) Expenditures (351.74)$

Other Financing Sources (uses):

Operating Transfers In -$

OperatingTransfers Out (304.07)$

Total Other Financing Sources (304.07)

Net Change in Fund Balances (655.81)$

Fund Balance - Beginning of Year -$

Fund Balance - End of Year (655.81)$

1st Year

70


TIF Projects Fund



Project: 7 Highway & 40 Highway TIF, Project B

2013 2012

Revenues:

Taxes* 146,668.09$ 143,217.03$

Interest 27.21 6.17

Other - -

Total Revenues 146,695.30 143,223.20

Expenditures:

Current:

General Government 13,072.71 13,043.39

Professional Services - -

Certifed Developer Costs 139,697.44 128,029.19

Debt service:

Principal Retirement - -

Interest and Fiscal Charges - -

Total Expenditures 152,770.15 141,072.58

Excess of Revenues Over/(Under) Expenditures (6,074.85) 2,150.62


Operating Transfers In - -

OperatingTransfers Out (722.64) (718.45)

Total Other Financing Sources (722.64) (718.45)

Net Change in Fund Balances (6,797.49) 1,432.17

Fund Balance - Beginning of Year 10,393.45 8,961.28

Fund Balance - End of Year 3,595.96$ 10,393.45$

71


TIF Projects Fund



Project: 7 Highway & 40 Highway TIF, Project C

2013 2012

Revenues:

Taxes* 433,430.66$ 82,752.15$

Interest 50.90$ 17.53$

Other -$ -$

Total Revenues 433,481.56$ 82,769.68$

Expenditures:

Current:

General Government 30,846.61$ -$

Professional Services -$ 7,763.75$

Certifed Developer Costs 398,356.78$ 48,364.49$

Debt service:

Principal Retirement -$ -$

Interest and Fiscal Charges -$ -$

Total Expenditures 429,203.39$ 56,128.24$

Excess of Revenues Over/(Under) Expenditures 4,278.17$ 26,641.44$


Operating Transfers In -$ -$

OperatingTransfers Out (5,136.91)$ (664.11)$

Total Other Financing Sources (5,136.91)$ (664.11)$

Net Change in Fund Balances (858.74)$ 25,977.33$

Fund Balance - Beginning of Year 25,977.33$ -$


1st year

72


TIF Projects Fund



Project: Adams Farm - Projects A, B, C

2013 2012

Revenues:

Taxes* 3,836,722.74$ 2,995,415.69$

Interest 2,522.88 2,638.49

Other - -

Total Revenues 3,839,245.62 2,998,054.18

Expenditures:

Current:


Professional Services 1,800.00 7,395.00

Certifed Developer Costs - -

Debt service:

Principal Retirement 835,000.00 535,000.00

Interest and Fiscal Charges 1,299,226.30 1,319,675.05

Total Expenditures 2,379,843.12 1,997,312.26

Excess of Revenues Over/(Under) Expenditures 1,459,402.50 1,000,741.92


Bond Proceeds - -


OperatingTransfers Out (11,448.34) (8,029.16)

Total Other Financing Sources (11,448.34) (8,029.16)

Net Change in Fund Balances 1,447,954.16 992,712.76

Fund Balance - Beginning of Year 5,978,459.24 4,985,746.48

Fund Balance - End of Year 7,426,413.40$ 5,978,459.24$

Note: The FY 2012 data has been adjusted to reflect audited financial statements.

73


TIF Projects Fund



Project: Copperleaf Village Shopping Center

2013 2012

Revenues:

Taxes* 10,426.93$ 35,826.80$

Interest 4.32 8,543.50

Other - -

Total Revenues 10,431.25 44,370.30

Expenditures:

Current:

General Government - 1,129.91

Professional Services - 625.00

Certified Developer Costs 948.83 203,935.64

CJCFPD PILOTS 99.848 - 4,170.43

Debt service:



Total Expenditures 948.83 209,860.98

Excess of Revenues Over/(Under) Expenditures 9,482.42 (165,490.68)





Net Change in Fund Balances 9,429.94 (165,894.90)



Note:The FY 2012 data has been adjusted to reflect audited financial statements.

74

Revenues: 2013 2012

Taxes 387,746.46$ 363,668.82$

IntergovernmentalCharges for Services

Interest 51.95 26.09

Other 100,141.15 43,066.42

- -

Total Revenues 487,939.56 406,761.33

Expenditures:

Current:


Professional Services

Debt service:

Principal Retirement 275,000.00 250,000.00

Interest and Fiscal Charges 187,650.00 210,150.00


Excess of Revenues Over/(Under) Expenditures 21,113.79 (57,561.69)



OperatingTransfers (Out) (6,900.00) (6,900.00)

Total Other Financing Sources (6,900.00) (6,900.00)

Net Change in Fund Balances 14,213.79 (64,461.69)




Blue Springs, Missouri Tax Increment FinancingTIF Projects Fund

Statement of Revenues, Expenditures and Change in Fund BalanceFor the Year Ended September 30, 2013

Project : Fall Creek

75


TIF Projects Fund



Project: Woods Chapel, Project 1

2013 2012

Revenues:

Taxes* 42,576.21$ 41,854.85$

Interest 78.38 52.28

Other - -

Total Revenues 42,654.59 41,907.13

Expenditures:

Current:


Professional Services - -

Certified Developer Costs 799.94 -

Debt service:




Excess of Revenues Over/(Under) Expenditures 36,004.42 36,070.01





Net Change in Fund Balances 35,794.32 35,864.08



76

Blu

e S

prin

gs, M

isso

uri T

ax In

crem

ent F

inan

cing

TIF

Pro

ject

s F

und

Com

bine

d B

alan

ce S

heet

For

the

Yea

r E

nded

Sep

tem

ber

30, 2

013

Ass

ets

7 H

wy

& 4

0 H

wy

(P

roje

ct A

)7

Hw

y &

40

Hw

y

(Pro

ject

B)

7 H

wy

& 4

0 H

wy

(P

roje

ct C

)A

dam

s F

arm

(P

roje

cts

A,B

,C)

Cop

perle

af

Vill

age

Sho

ppin

g C

ente

rF

all C

reek

Woo

ds C

hape

l (P

roje

ct 1

)T

otal

Cas

h an

d In

vest

men

ts9,

592.

98$

20,5

17.6

4$

68

,699

.57

$

7,00

3,15

2.72

$

10

,946

.98

$

28,9

40.0

4$

107,

446.

65$

Due

from

Oth

er G

over

nmen

ts12

,928

.90

10,4

08.3

4

14

2,56

5.69

476,

456.

28

37

,403

.02

25,9

56.2

5

803.

96

Pre

paid

Item

s-

-

-

-

-

-

-

Tot

al A

sset

s22

,521

.88

30,9

25.9

8

21

1,26

5.26

7,47

9,60

9.00

48

,350

.00

54,8

96.2

9

108,

250.

61

7,95

5,81

9.02

-

Lia

bili

ties

an

d F

un

d B

alan

ce-

Lia

bili

ties

:-

Acc

ount

s P

ayab

le9,

592.

98

20,5

17.6

4

68

,699

.57

-

-

-

-

Def

erre

d In

flow

2,07

6.21

1,

331.

27

65,9

55.5

4

52

,305

.68

35

,790

.67

2,56

9.06

11

4.85

Due

to D

evel

oper

11,4

20.8

2

5,

453.

71

50,3

61.4

3

-

948.

83

-

799.

94

Due

to O

ther

Fun

ds87

.68

27

.40

1,

130.

13

889.

92

4.

76

-

4.

02

Due

to D

evel

oper

-

-

-

-

-

-

-

Inte

rfun

d P

ayab

le-

-

-

-

-

-

-

-

Tot

al L

iabi

litie

s23

,177

.69

27,3

30.0

2

18

6,14

6.67

53,1

95.6

0

36,7

44.2

6

2,

569.

06

918.

81

330,

082.

11

Fu

nd

Bal

ance

(d

efic

it):

Res

erve

d fo

r P

repa

id It

ems

-

-

-

-

-

-

-

-

Unr

eser

ved

Und

esig

nate

d-

-

-

-

-

-

-

-

TIF

Pro

ject

s F

und

(655

.81)

3,59

5.96

25

,118

.59

7,42

6,41

3.40

11

,605

.74

52,3

27.2

3

107,

331.

80

Tot

al F

und

Bal

ance

(D

efic

it)(6

55.8

1)

3,

595.

96

25,1

18.5

9

7,

426,

413.

40

11,6

05.7

4

52

,327

.23

10

7,33

1.80

7,

625,

736.

91

Tot

al L

iabi

litie

s an

d F

und

Bal

ance

22,5

21.8

8$

30

,925

.98

$

211,

265.

26$

7,

479,

609.

00$

48,3

50.0

0$

54

,896

.29

$

10

8,25

0.61

$

7,

955,

819.

02$

1st Y

ear

77


TIF Projects Fund

Balance Sheet


Project: 7 Highway & 40 Highway, Project A

Assets 2013

Cash and Investments 9,592.98$

Due from Other Governments 12,928.90

Prepaid items -

Total Assets 22,521.88

Liabilities and Fund Balance

Liabilities:

Accounts Payable 9,592.98

Deferred Inflow 2,076.21

Due to Developer 11,420.82

Due to Other Funds 87.68

Inferfund Payable -

Total Liabilities 23,177.69

Fund Balance (deficit):

Reserved for Prepaid Items -

Unreserved

Undesignated -

TIF Projects Fund (655.81)

Total Fund Balance (Deficit) (655.81)

Total Liabilities and Fund Balance 22,521.88$

1st Year

The FY 2012 data has been adjusted to reflect audited financial statements.

78


TIF Projects Fund

Balance Sheet


Project: 7 Highway & 40 Highway, Project B

Assets 2013 2012

Cash and Investments 20,517.64$ 19,376.00$

Due from Other Governments 10,408.34 233,200.50

Prepaid items - -

Total Assets 30,925.98 252,576.50


Liabilities:

Accounts Payable 20,517.64 19,376.00

Deferred Inflow 1,331.27 222,772.59

Due to Developer 5,453.71 -

Due to Other Funds 27.40 34.46

Inferfund Payable - -

Total Liabilities 27,330.02 242,183.05


Reserved for Prepaid Items - -

Unreserved

Undesignated - -

TIF Projects Fund 3,595.96 10,393.45

Total Fund Balance (Deficit) 3,595.96 10,393.45

Total Liabilities and Fund Balance 30,925.98$ 252,576.50$


79


TIF Projects Fund

Balance Sheet


Project: 7 Highway & 40 Highway, Project C

Assets 2013 2012


Due from Other Governments 142,565.69$ 76,361.60$

Prepaid items -$ -$

Total Assets 211,265.26$ 96,792.28$


Liabilities:

Accounts Payable 68,699.57$ 20,429.25$

Deferred Inflow 65,955.54$ 50,065.49$

Due to Developer 50,361.43$ -$

Due to Other Funds 1,130.13$ 320.21$

Inferfund Payable -$ -$

Total Liabilities 186,146.67$ 70,814.95$


Reserved for Prepaid Items -$ -$

Unreserved

Undesignated -$ -$

TIF Projects Fund 25,118.59$ 25,977.33$



1st year


80


TIF Projects Fund

Balance Sheet


Project: Adams Farm - Projects A, B, C

Assets 2013 2012

Cash and Investments 7,003,152.72$ 5,562,004.45$

Due from Other Governments 476,456.28 1,646,573.90

Prepaid items - -

Total Assets 7,479,609.00 7,208,578.35


Liabilities:

Accounts Payable - 7,053.75

Deferred Inflow 52,305.68 1,222,302.67


Due to Developer - -


Total Liabilities 53,195.60 1,230,119.11


Reserved for Prepaid Items

Unreserved

Undesignated

TIF Projects Fund 7,426,413.40 5,978,459.24

Total Fund Balance (Deficit) 7,426,413.40 5,978,459.24

Total Liabilities and Fund Balance 7,479,609.00$ 7,208,578.35$


81


TIF Projects Fund

Balance Sheet


Project: Copperleaf Village Shopping Center

Assets 2013 2012


Due from Other Governments 37,403.02 37,899.03

Prepaid items - -

Total Assets 48,350.00 40,474.99


Liabilities:

Accounts Payable - 2,575.96


Due to Developer 948.83 -





Reserved for Prepaid Items

Unreserved

Undesignated





82


TIF Projects Fund

Balance Sheet


Project: Fall Creek

Assets 2013 2012


Due from other governments 25,956.25 283,903.00

Deposits with Trustee - -

Total Assets 54,896.29 302,741.84


Liabilities:

Accounts Payable - -





Unreserved

Undesignated - -





83


TIF Projects Fund

Balance Sheet


Project: Woods Chapel, Project 1

Assets 2012 2012


Due from Other Governments 803.96 41,887.10

Prepaid items - -

Total Assets 108,250.61 113,424.58


Liabilities:

Accounts Payable - -

Deferred Inflow 114.85 41,887.10

Due to Developer 799.94 -

Due to Other Funds 4.02 -


Total Liabilities 918.81 41,887.10



Unreserved

Undesignated - -




84

tax increment financing 2013 annual report

Documents