99.865 RSMo:99.865 RSMo: What’s Changed & What What’s Changed & What Hasn’t.Hasn’t.Writing the report.Writing the report.

House Bill 191 – Penalty for Non-House Bill 191 – Penalty for Non-Compliance with 99.865.1 RSMo Compliance with 99.865.1 RSMo (the (the annual report statute)annual report statute)

““Any Municipality which fails to comply with the Any Municipality which fails to comply with the reporting requirements provided in this section reporting requirements provided in this section shall be prohibited from implementing any new shall be prohibited from implementing any new Tax Increment Financing project for a period of Tax Increment Financing project for a period of no less than five years from such municipality’s no less than five years from such municipality’s failure to comply” failure to comply” (new 99.865.7)(new 99.865.7)

Nothing in the Body of the Report.Nothing in the Body of the Report.

Nothing as to When Your Annual Nothing as to When Your Annual Report Is Due to DED.Report Is Due to DED.November 15November 15thth (or the first Monday following (or the first Monday following

if the 15 if the 15thth is on a Saturday or Sunday). is on a Saturday or Sunday). This year: Monday, November 16. This year: Monday, November 16.

Report may cover ANY 12-month time frame, including periods Report may cover ANY 12-month time frame, including periods ending in previous calendar year.ending in previous calendar year.

1. Name of City/County approving the TIF Plan or Project:1. Name of City/County approving the TIF Plan or Project:2. Name of Plan or Project:2. Name of Plan or Project:3. Report Period: No Gaps, please keep it consistent, year after 3. Report Period: No Gaps, please keep it consistent, year after

year.year.4. Name of the person who prepared this Annual Report4. Name of the person who prepared this Annual Report

5. 5. Contact InformationContact Information::a)a) City or County Contact AgencyCity or County Contact Agencyb)b) PersonPersonc)c) PhonePhoned)d) FaxFaxe)e) E-Mail AddressE-Mail Addressf)f) Private Sector DeveloperPrivate Sector Developerg)g) PersonPersonh)h) PhonePhonei)i) FaxFaxj)j) E-Mail AddressE-Mail Address

6. Original Date Plan/Project Approved:6. Original Date Plan/Project Approved:7. Ordinance Number:7. Ordinance Number:8. Most Recent Plan Amendment 8. Most Recent Plan Amendment (if any):(if any):9. Ordinance Number:9. Ordinance Number:10. State House District:10. State House District:11. State Senate District:11. State Senate District: (House & Senate District(s) that are within the TIF Area)(House & Senate District(s) that are within the TIF Area)12. School District:12. School District: (School district(s) that are within the TIF Area)(School district(s) that are within the TIF Area)13. General Location of Area or Project Area 13. General Location of Area or Project Area (please attach copy of (please attach copy of

Redevelopment Area boundary map from Plan) 99.865.1(10)Redevelopment Area boundary map from Plan) 99.865.1(10) (Or just briefly describe, using streets, other common landmarks)(Or just briefly describe, using streets, other common landmarks)14. Description of Plan/Project: 14. Description of Plan/Project: 99.865.1(10)99.865.1(10)15. Plan/Project Status 15. Plan/Project Status (Circle one which best describes status):(Circle one which best describes status):16. Area Type 16. Area Type (Circle all applicable): (Circle all applicable): If ‘dissolved’ with a balance in the If ‘dissolved’ with a balance in the

Special allocations fund, send a report. If no S.A.F. balance, send one Special allocations fund, send a report. If no S.A.F. balance, send one final report.final report.

17. How was the “but-for” determination made?17. How was the “but-for” determination made? (circle all applicable): (circle all applicable):

18. Major Development Obstacles to be Overcome:18. Major Development Obstacles to be Overcome: 19. Briefly Describe the Project’s Public Benefits: 19. Briefly Describe the Project’s Public Benefits: 99.865.1(10)99.865.1(10) 20. Description of Agreements with the Developer: 20. Description of Agreements with the Developer: 99.865.1(9)99.865.1(9) 21. Description of Any Agreements with the Affected Taxing 21. Description of Any Agreements with the Affected Taxing

Districts:Districts: 99.865.1(10) 99.865.1(10) Items 18 – 21 should be adequately covered in copies of the Items 18 – 21 should be adequately covered in copies of the

Development Plan and Developer Agreement which should be Development Plan and Developer Agreement which should be submitted with the first annual report submitted for a new TIF project submitted with the first annual report submitted for a new TIF project (“See Plan/Agreement”). Otherwise include only brief remarks (“See Plan/Agreement”). Otherwise include only brief remarks pertaining to any addendums or amendments to the agreements pertaining to any addendums or amendments to the agreements occurring during the report periodoccurring during the report period..

22. Number of Relocated Residences 22. Number of Relocated Residences During This Report PeriodDuring This Report Period::23. Number of Relocated Businesses 23. Number of Relocated Businesses During This Report PeriodDuring This Report Period::24. Number of Parcels Acquired Through Use of Eminent Domain 24. Number of Parcels Acquired Through Use of Eminent Domain

Power Power During This Report PeriodDuring This Report Period: : 99.865.1(12)99.865.1(12)

25. Identify Any Businesses that have Relocated to the 25. Identify Any Businesses that have Relocated to the Redevelopment Area Redevelopment Area during this report periodduring this report period::

Can Take Place of the “TIF New Business Report” (99.810.2 RSMo) Can Take Place of the “TIF New Business Report” (99.810.2 RSMo) Due Each Year by the Last Day of February.Due Each Year by the Last Day of February.

If a new business, enter ‘new’ in the ‘Relocated From’ column.If a new business, enter ‘new’ in the ‘Relocated From’ column.

26. Estimate of New Jobs: 26. Estimate of New Jobs: Projected: Projected: Actual to date: Actual to date:

27. Estimate of Retained Jobs: 27. Estimate of Retained Jobs: Projected:Projected: Actual to date:Actual to date: PLEASE complete these two items! Job creation is an important PLEASE complete these two items! Job creation is an important

component of any development project and should be accounted component of any development project and should be accounted for.for.

End of Section 1End of Section 1

28. TIF Revenue Deposits to the Special Allocations Fund as of 28. TIF Revenue Deposits to the Special Allocations Fund as of the Report Date: the Report Date: 99.865.199.865.1

a) PILOTs:a) PILOTs: Total received since inception: ______ Amount on Hand:_______ Total received since inception: ______ Amount on Hand:_______ 99.865.1(6) 99.865.1(6)

b) EATs:b) EATs:Total received since inception:______ Amount on Hand:________ Total received since inception:______ Amount on Hand:________ 99.865.1(8)99.865.1(8)

Total Revenue on hand in the Special Allocations Fund as of the Report Total Revenue on hand in the Special Allocations Fund as of the Report Date:_________________Date:_________________

29. Expenditures for Total Project Costs Funded by TIF: 29. Expenditures for Total Project Costs Funded by TIF: 99.865.1(2)99.865.1(2)

(Cite total since inception and during current report period (Cite total since inception and during current report period amounts)amounts)

a) Public Infrastructure (streets, utilities, etc)a) Public Infrastructure (streets, utilities, etc)b) Site Development (grading, dirt moving, other prep work)b) Site Development (grading, dirt moving, other prep work)c) Rehab of existing buildings c) Rehab of existing buildings 99.865.1(11)99.865.1(11)d) Acquisition of land or buildings d) Acquisition of land or buildings 99.865.1(11)99.865.1(11)e) Other (specify)e) Other (specify)f) Other (specifyf) Other (specify

29. (Con’t) Amount Paid On Debt Service: 29. (Con’t) Amount Paid On Debt Service: 99.865.1(3)99.865.1(3)g) Payments of principal and interest on outstanding bonded debt:g) Payments of principal and interest on outstanding bonded debt:

Leave blank if TIF is a ‘Pay-as-you-go’ since there is no bonded debt.Leave blank if TIF is a ‘Pay-as-you-go’ since there is no bonded debt.h) Reimbursement to Developer for eligible costs:h) Reimbursement to Developer for eligible costs:i) Reimbursement to city/county (or other public entity) for eligible costs:i) Reimbursement to city/county (or other public entity) for eligible costs:

Include both ‘since inception’ and ‘during this report period’ amounts.Include both ‘since inception’ and ‘during this report period’ amounts.

30. Anticipated 30. Anticipated TIF Reimbursable Costs: TIF Reimbursable Costs: ((Only include hard costs; do Only include hard costs; do not include interest or bund issuance costs)not include interest or bund issuance costs)a)a) Public Infrastructure and Site Development CostsPublic Infrastructure and Site Development Costs

b)b) Property Acquisition and Relocation CostsProperty Acquisition and Relocation Costs

c)c) Project Implementation CostsProject Implementation Costs

d)d) OtherOther

e)e) OtherOther

Total Anticipated TIF Reimbursable Project Costs: $_________________Total Anticipated TIF Reimbursable Project Costs: $_________________ Should equal the sum of #30 a – e and relate to those costs, either borne Should equal the sum of #30 a – e and relate to those costs, either borne

by the municipality or developer that anticipated TIF revenues will cover.by the municipality or developer that anticipated TIF revenues will cover.

31. Anticipated Total Project Costs: $__________________ 31. Anticipated Total Project Costs: $__________________ Important! Please fill this amount in!Important! Please fill this amount in!

32. TIF Financing Method (Circle all that Apply)32. TIF Financing Method (Circle all that Apply) a) Pay-as-you-goa) Pay-as-you-go b) General Obligation Bondsb) General Obligation Bonds c) TIF Notesc) TIF Notes d) Loand) Loan e) TIF Bonde) TIF Bond f) Industrial Revenue Bondf) Industrial Revenue Bond g) Other Bondg) Other Bond h) Otherh) Other

Maturity of TIF Obligations:Maturity of TIF Obligations: (term of the TIF payout) (term of the TIF payout)33. Original Estimate 33. Original Estimate (# of years to retirement)(# of years to retirement)34. Current Anticipated Estimate 34. Current Anticipated Estimate (# of years to retirement)(# of years to retirement) Refers to TIF obligations only. N/A for Pay-As-You-Go TIF projectsRefers to TIF obligations only. N/A for Pay-As-You-Go TIF projects

Estimated Increase in Tax GenerationEstimated Increase in Tax Generation This is the payoff. Fill in the numbers to justify TIF support of the This is the payoff. Fill in the numbers to justify TIF support of the

development! development! 35. Original assessed value of the redevelopment Project: 35. Original assessed value of the redevelopment Project:

99.865.1(4)99.865.1(4)

Estimated Increase in Tax Generation (Con’t):Estimated Increase in Tax Generation (Con’t):

36. Assessed valuation added to the redevelopment project (as 36. Assessed valuation added to the redevelopment project (as of the end of the report period) of the end of the report period) 99.865.1(5)99.865.1(5)

Or based on the most recent valuation as of the end of the Or based on the most recent valuation as of the end of the report period...report period...

37. Anticipated Assessed Value at Time of District Termination:37. Anticipated Assessed Value at Time of District Termination:38. Total Amount of Base Year EATs 38. Total Amount of Base Year EATs 99.865.1(7)99.865.1(7)39. Total Amount of Base Year PILOTs39. Total Amount of Base Year PILOTs40. Total Annual EATs Anticipated at Time of District Termination40. Total Annual EATs Anticipated at Time of District Termination41. Total Annual PILOTs anticipated at Time of District 41. Total Annual PILOTs anticipated at Time of District

TerminationTermination42. Percentage of EATs Captured42. Percentage of EATs Captured

# 42 – 45: If PILOTs and EATs revenues are cited elsewhere in # 42 – 45: If PILOTs and EATs revenues are cited elsewhere in the report, then there must be a percentage captured and a the report, then there must be a percentage captured and a number of years noted!number of years noted!

43. Total Years Anticipated to Capture EATs43. Total Years Anticipated to Capture EATs44. Percentage of PILOTs Captured44. Percentage of PILOTs Captured45. Total Years Anticipated to Capture PILOTs45. Total Years Anticipated to Capture PILOTs

Mail report to:Department of Economic Development

TIF Annual ReportP.O. Box 118 Room 770

Truman State Office BuildingJefferson city, MO 65102

Fax report to: 573-522-9462 Contact: Hal Van Slyck 573-526-0748 or E-

mail harold.vanslyck@ded.mo.gov

Thanks!