TAX INCREMENT FINANCING ANNUAL REPORT

2019TAX INCREMENT FINANCING ANNUAL REPORT

FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2019

Table of Contents Page

Introduction, Commission Members, Certification by Mayor 1

2017 TIF Projects 7 Highway and 40 Highway - Project A 2 7 Highway and 40 Highway - Project B 6 7 Highway and 40 Highway - Project C 10 7 Highway and 40 Highway Pictures 14 Adams Farm - Projects A, B, C 21 Adams Farm Pictures 26 Copperleaf Village Shopping Center 34 Copperleaf Village Shopping Center Pictures 38 Mall at Fall Creek 44 Mall at Fall Creek Pictures 48 White Oak 53 White Oak Pictures 57 Woods Chapel - Project 1 63 Woods Chapel - Project 2 67 Woods Chapel - Project 3 71 Woods Chapel Pictures 75

2017 Financial Statements Statement of Revenues, Expenditures and Changes in Fund Balance 79 Balance Sheet 88

NOTES:

Audited Data

Sales TaxesPrior to 1979 - 1% City Sales Tax established and has no sunset.Prior to 1979 - 1/2% Transportation Sales Tax established and has no sunset. 2009.08.01 - 1% I-70 and Adams Dairy Parkway TDD Sales Tax became effective. It will expire in 10 years.2009.08.01 - 1/2% Coronado Drive TDD Sales Tax became effective. It will expire in 10 years.2009.01.01 - 1% Adams Farm TDD Sales Tax became effective. It will expire in 30 years.2009.01.01 - 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 Sales Tax became effective. No sunset.2014.07.01 - 1% Oaks at Woods Chapel CID Sales Tax became effective. The sales tax will expire in 33 years. 2017.10.01 - 1% White Oak CID Sales Tax became effective. The sales tax will expire 23 years.

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

City of Blue Springs, MissouriTax Increment Financing

2019 Annual Report

The FY 2019 financial data in this report is unaudited. The City's fiscal year ends September 30, 2018 and the TIF Annual Report is due November 15, 2019. Audited financial data will not be available until March 2020. Any audit changes in the data reported for the current year will be reflected in the report in the following year.

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

Section 1 - Description of the Plan and Project

1

2

3

4

5 Contact Information

(a)

(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

Phone

Fax

E-mail Address

Private Sector Developer

State House District 31

State Senate District 8

School District Blue Springs R-IV

816-228-0106

816-228-0204

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

Original Date Plan/Project Approval June 18, 2007

Ordinance Number (if available) 4073

Most Recent Plan Amendment (if any) August 16, 2010


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

City of Blue Springs, Missouri2019 Tax Increment Financing Annual Report

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

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

October 1, 2018 to September 30, 2019Report Period

City of Blue Springs Finance Department

Karen Van Winkle, Director of Finance

Name of Plan or Project

City Contact Agency

Person

Name of person who prepared this Annual Report Cindy Rubino

[email protected]

Blue Springs Developers, Inc., c/o The R.H. Johnson Company

Bob Johnson

816-561-5111

816-561-5551

Person

Phone

Fax

E-mail Address

Page 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:

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

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

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.

None

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

The Redevelopment Projects will 1) increase capital investment in the Priority Focus Area, 2) attract retail developers for redevelopmentin the Priority Focus Area, 3) assist in supporting market interest in leasing vacant business space within the Priority Focus Area, and4) expand the City's tax base through business development attraction and reinvestment that will generate a broader tax revenue.

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

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

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

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.

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

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

Ordinance 4494 - Project B Redevelopment Agreement amendment, 6/16/14.

Page 3

21 Description of any agreements with the affected taxing districts:

Current Period Total

22 - -

23 - -

24 - -

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

Phone NumberPrimary Business

LineRelocated from

What City/County?

Projected Actual to Date

26 NA 13

27 NA 47

Section 2 - Tax Increment Financing Revenues

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


(a) 29,009$ 107,413$

(b) 69,190$ 352,137$

(c) 422$ 748$

(d) 95,092$ 95,092$

193,714$ 555,390$

29 Expenditures for Total Project Costs Funded by TIF


(a) -$

(b) -$

(c) 1,822,268$

(d) -$

(e) 70,533$

(f) 364,058$

-$ 2,256,859$


(g) -$

(h) 182,891$ 514,171$

Amount Paid on Debt Service

Payment on principal & interest on bond debt:

Reimbursement to Developer for eligible costs:

Payments in Lieu of Taxes

Economic Activity Taxes

Interest

Total as of Report Date:

Total Project Costs Funded by TIF:

Public Infrastructure (streets, utilities, etc.)

Site Development (grading, dirt moving, etc.)

Rehab of existing buildings

Acquisition of land or buildings

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

Other (specify): Interest on Bank Loan


Transfer from 40 & 7 Hwy TIF - Project C (Per Agreement)

Number of parcels acquired through use of eminent domain power:

Name Address

Estimate of New Jobs:

Estimate of Retained Jobs:

The Central Jackson County Fire Protection District, in accordance with RSMo 99.848, will be reimbursed from the Special AllocationFund 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 inthe TIF to be deposited into the Special Allocation Fund.

RSMo 99.848 states that "notwithstanding subsection 1 of section 99.847, any district providing emergency services pursuant tochapter 190 or 321, RSMo, shall be entitled to reimbursement from the special allocation fund in the amount of at least fifty percent normore than one hundred percent of the district's tax increment. This section shall not apply to tax increment financing projects or districtsapproved prior to August 28, 2004."

Number of relocated residences due to TIF Project:

Number of relocated businesses due to TIF Project:

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

Page 4

(i) -$

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

(a)

445,500$

(b) -$

(c)1,411,500$

(d) 50,000$

(e) -$

(f) -$

1,907,000$

31 8,442,438$

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$

36 881,104$

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

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

Total Anticipated TIF Reimbursable Costs (Per First Amended & Restated TIF Plan)

Total Anticipated Project Costs (Per First Amended & Restated TIF Plan)

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

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

Property Acquisition and Relocation Costs

Project Implementation Costs (including professional fees)

Other (specify): Financing Fees

Other (specify):

Other (specify):

Total amount of base year EATS

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

Please see page 1 for the certification of this report by the Mayor of the City of Blue Springs, Missouri.

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

Total amount of base year PILOTS (base year tax)

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

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

Original estimate (# of years to retirement)

Current anticipated estimate (# of years to retirement)

Page 5


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12




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



816-561-5111

Fax 816-561-5551

E-mail Address






Name of Plan or Project7 Highway and 40 Highway Tax Increment Financing

Redevelopment Plan, Project B

Report Period October 1, 2018 to September 30, 2019

City Contact Agency City of Blue Springs Finance Department

Person Karen Van Winkle, Director of Finance

Phone 816-228-0106



Original Date Plan/Project Approval

Fax 816-228-0204

E-mail Address [email protected]


June 18, 2007





The R.H. Johnson Company

Person Bob Johnson

Phone

Page 6

16 Area Type:

(a) [X] Blight












None









The Redevelopment Projects will 1) increase capital investment in the Priority Focus Area, 2) attract retail developers for redevelopmentin the Priority Focus Area, 3) assist in supporting market interest in leasing vacant business space within the Priority Focus Area, and4) expand the City's tax base through business development attraction and reinvestment that will generate a broader tax revenue.







Page 7



22 - -

23 - -

24 - -



LineRelocated from

What City/County?


26 NA 145

27 NA 21




(a) 133,817$ 1,119,800$

(b) 137,320$ 817,982$

(c) 1,388$ 2,637$

(d) 25,761$ 25,761$

298,287$ 1,966,180$



(a) 322,308$

(b) 8,640$

(c) 1,081,576$

(d) -$

(e) 156,988$

(f) 632,929$

-$ 2,202,441$









Other (specify): Financing Fees and Professional Fees

Other (specify): Interest on Bank Loan




Interest




Name Address




Transfer from 40 & 7 Hwy TIF - Project C (Per Agreement)

Page 8


(g) -$

(h) 278,318$ 1,761,026$

(i) -$


(a)

591,800$

(b) -$

(c)1,493,000$

(d) 50,000$

(e) -$

(f) -$

2,134,800$

31 11,444,588$







33 23

34 23


35 1,640,000$

36 2,969,568$

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




Other (specify):

Other (specify):














Total (cumulative) EATS anticipated at time of district termination







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

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

Page 9


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12




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







Private Sector Developer Hy-Vee, Inc.

Person Randall B. Edeker

Phone 515-267-2800

4308


Ordinance Number (if available)

City of Blue Springs Finance Department


Phone 816-228-0106

Cindy Rubino

Fax 816-228-0204




Name of person who prepared this Annual Report

Fax 515-267-2817

E-mail Address

Original Date Plan/Project Approval June 18, 2007



Name of Plan or Project7 Highway and 40 Highway Tax Increment Financing

Redevelopment Plan, Project C


City Contact Agency

Page 10

16 Area Type:

(a) [X] Blight
























None

The Redevelopment Projects will address four of the Economic Development Corporation's development goals as identified in the 2006Annual Business Plan: 1) increase capital investment in the Priority Focus Area, 2) attract retail developers for redevelopment in thePriority 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.





Page 11


22 - -

23 - -

24 - -



LineRelocated from

What City/County?


26 NA 18

27 NA 530




(a) 138,011$ 908,547$

(b) 433,980$ 3,122,208$

(c) 2,150$ 4,344$

574,141$ 4,035,099$



(a) -$ 1,300,000$

(b) -$ 460,000$

(c) -$ 1,790,000$

(d) -$ -$

(e)-$ 24,243$

(f) -$ -$

-$ 3,574,243$





Interest



For Project Area C, because the business operating within the Present Hy-Vee will relocate from Redevelopment Project Area A towithin the Expanded Hy-Vee in Redevelopment Project Area C, in order to satisfy the City's TIF Policy's direction regarding relocation ofexisting businesses located within the City to a TIF redevelopment area, the City will dedicate annually from the PILOTs Account anamount to be distributed to the Taxing Districts (the "Base Year Adjustment Amount"). The Base Year Adjustment Amount is the2011 assessed value of taxable improvements attributable to the Present Hy-Vee improvements within Redevelopment Project Area Aless the Total Initial Equalized Assessed Value, with the difference then multiplied by the Taxing Districts' then-existing real property milllevy rates, for so long as Tax Increment Financing is in effect for the Redevelopment Project Area. The Base Year Adjustment Amountwill then be annually disbursed by the City to the Taxing Districts in a pro-rata fashion according to the Taxing Districts' then-existingreal property mill levy rates and in accordance with the Act.




Name Address

Other (specify): Financing Fees and Professional Services

Other (specify):








Page 12


(g)-$

(h)415,088$ 3,574,243$

(i)-$


(a)

1,760,000$

(b) -$

(c)1,840,000$

(d) -$

(e) -$

(f) -$

3,600,000$

31 13,221,164$







33 23

34 23


35 576,000$

36 2,103,648$

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






Other (specify):

Other (specify):








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













Page 13

7 Highway & 40 Highway Redevelopment Area

Page 14

7 Highway & 40 Highway Project A BEFORE Redevelopment

7 Highway & 40 Highway Project A AFTER Redevelopment

Page 15

7 Highway & 40 Highway Project A AFTER Redevelopment

Tokyo Grill opened November 2017

Page 16

7 Highway & 40 Highway Project B BEFORE Redevelopment

7 Highway & 40 Highway Project B AFTER Redevelopment

Page 17


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12



[email protected]

Private Sector DeveloperBlue Springs Development Three, Inc., c/o RED Development,

LLC

Person Steve Maun

Phone 816-777-3500


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


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




Blue Springs R-IV

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

Phone 816-228-0106

Fax 816-228-0204

E-mail Address

The Redevelopment Area, approximately 65 acres, is generally bound by U.S. Interstate 70 on the north; Adams Dairy Parkway on thewest (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 GolfCourse 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 locatedat the southeast quadrant of Adams Dairy Parkway and Coronado Drive and will consist of approximately 569,375 square feet of retailspace, which will include two anchor stores, a number of mid-sized stores, smaller retail shops and pad sites available for commercialuse. Redevelopment Project B, generally located at the northeast quadrant of Adams Dairy Parkway and Coronado Drive, will consist ofapproximately 34,710 square feet of retail and restaurant development. Redevelopment Project C is located at the northwest quadrantof Adams Dairy Parkway and Coronado Drive and will consist of approximately 31,260 square feet of commercial retail and restaurantspace.

Fax 816-777-3501

E-mail Address


School District


Original Date Plan/Project Approval February 20, 2007


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


Page 21


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



16 Area Type:

(a) [X ] Blight






(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.





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

Ordinance 4114 - Amended Adams Farm TIF Plan (dated August 6, 2007) and Second Amendment to the TIF Contract between theCity 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 4039 - TIF Redevelopment Agreement between the City and Blue Springs Development Two, LLC for the TIF Plan, 3/5/07.

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

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

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.

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 locatedoutside the corporate limits of the City of Blue Springs. Most of these properties have since been voluntarily annexed into the City, withthe exception of one parcel that is currently owned by Lawrence and Ruby Jeanne Groves, and is located near the northeast corner ofAdams Dairy Parkway and R.D. Mize Road within Redevelopment Project A. The Developer currently has a portion of this property thatis necessary for the project under contract and will voluntarily annex this portion of the property into the City of Blue Springs once it ispurchased. The plan proactively contemplates the voluntary annexation of this parcel to be included within the legal boundary of theRedevelopment Area through a future amendment to the plan. Project Update: The Groves property has been purchased by theDeveloper and annexed into the City of Blue Springs.

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

Page 22




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.

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

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

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

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

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

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

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

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

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

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.

Release of Assignment and Security Agreement between Blue Springs Development Three, Inc. and Mutual of Omaha Bank,09/30/2013.

Assignment and Direction of Payment with Bank of the West, 10/29/14.

Estoppel Certificate with Bank of the West, 10/29/14.

Ordinance 4551 - Second Amended and Restated TIF Contract between City and Blue Springs Development Three, Inc., 7/20/15.



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 AdamsDairy 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 lessTDD operating expenses and certified TDD reimbursable expenses.

The Adams Dairy Landing Community Improvement District special assessment is $1.00 per square foot on building floor area. Thenet CID revenues are pledged to the TIF. The net revenue is the gross revenue less CID operating expenses and certified CIDreimbursable expenses. The CID is authorized to impose a sales tax of up to 1% as an additional source of funds to use in connectionwith the CID Project and/or other CID eligible costs if the Developer, District and City deem it necessary or desirable. A sales tax hasnot been imposed at this time.

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

Page 23


22 - 12

23 - -

24 - -



LineRelocated from

What City/County?

816-295-1078 Nail Service New


26 1,579 1066

27 NA 39


28 Current Period Total

(a) 1,379,837$ 9,997,702$

(b) 2,170,145$ 16,196,945$

93,142$ 151,068$

1,310,129$ 12,226,465$

4,953,253$ 38,572,181$



(a) 19,549,782$

(b)7,980,940$

(c) 5,837,649$

(d) 5,221,829$

(e) 3,238,121$

(f)3,626,775$

-$ 45,455,097$


(g)4,760,035$ 27,808,061$

(h)41,997,550$

(i)793,917$




Other (specify): Professional Services



Other (specify): Financing fees & City Reimbursable Expenses






Name Address


Beauty Nail Bar 1131 NE Coronado Drive

TDD Sales Tax






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



Interest

Page 24


(a)27,530,722$

(b) 5,221,829$

(c) 5,837,649$

(d) 3,238,121$

(e) 3,626,775$

(f)

45,455,097$

31 138,399,688$

Per amended TIF Plan


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


(c) [ ] TIF notes (g) [X ] Other bond (Special Obligation Bond)



33 23

34 23


35 3,037,380$

36 18,305,565$

37 33,796,820$

38 -$

39 319,800$

40 59,727,652$

41 38,147,650$

42 50%

43 23

44 100%

45 23







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

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

Other (specify):

Total Anticipated TIF Reimbursable Costs (Per Amended TIF Plan)

Total Anticipated Project Costs (Per Amended TIF Plan)











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


Page 25

Adams Farm Redevelopment Area

Page 26

Adams Farm Redevelopment 2008


Page 27


Page 28



Page 29


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12




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






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

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

E-mail Address

Original Date Plan/Project Approval August 29, 2005


Most Recent Plan Amendment (if any) NA

Ordinance Number (if available) NA

[email protected]

Private Sector Developer Copperleaf Village, LLC

Person Kevin Fitzpatrick

Phone 913-677-1800

Fax 913-677-1826

October 1, 2018 to September 30, 2019



Phone 816-228-0106




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

Name of Plan or ProjectCopperleaf Village Shopping Center Tax Increment Financing

Plan

Report Period

Fax 816-228-0204

E-mail Address

Page 34

16 Area Type:

(a) [X ] Blight







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







22 - 3

23 - 2

24 - 1



LineRelocated from City/County?

816-520-6757 Collectibles New

816-988-7493 Health/Fitness Blue Springs

Fanboy Toys 703 NW 7 Hwy

Lifestyle Nutrition 721-A NW 7 Hwy

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

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

Address


Three residential properties and one commercial property was acquired by the Developer in 2005 and one commercial property was acquired by the Developer in 2008 in order to expand the existing retail center and develop the pad sites as outlined in the TIF Plan.

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

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

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





Name

Page 35


26 NA 77

27 NA 5




(a) 43,819$ 476,222$

(b) 18,096$ 113,392$

341$ 50,094$

62,256$ 639,708$



(a) 98,000$

(b) 44,500$

(c) 538,741$

(d) 949,131$

(e) 69,696$

(f) 1,526,065$

-$ 3,226,133$


(g)-$

(h)55,893$ 559,388$

(i)-$


(a)

836,177$

(b) 794,195$

(c)69,696$

(d) -$

(e) -$

(f) -$

1,700,068$

317,570,169$


Other (specify):

Other (specify):

Other (specify):

Total Anticipated TIF Reimbursable Costs (Per Original TIF Plan)

Total Anticipated Project Costs (Per Original TIF Plan)

Other (specify): Professional Services

Other (specify) Interest:












Interest







Page 36







33 18

34 18


35 639,282$

36 1,108,874$

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)













Page 37

Copperleaf Village Redevelopment Area

Page 38

Copperleaf Village BEFORE Redevelopment

Copperleaf Village AFTER Redevelopment

Page 39


4 Seasons Nail Salon closed and Fire House

Subs opened June 2013 Mary Margarets closed March 2013 and

Quest Diagnostics opened December 2014

Page 40

Taca Bueno closed July 2016 and Popeye's Louisiana Kitchen opened September 2016

Thailand Restaurant opened April 2011

Godfather's Pizza closed June 2014 and site remains vacant


Centerpoint Clinic & Urgent Care opened in 2012 New York NY Deli closed June 2009

Nino & Peppino's Italian Deli opened July 2009 and closed May 2010

Page 41


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12




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


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





Name of Plan or Project Fall Creek Tax Increment Financing Plan




Phone 816-228-0106



Cindy RubinoName of person who prepared this Annual Report

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 beavailable for development by other developers. Redevelopment Project Area 1 consists of the construction of a retail shopping centercomprised 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 upscaleresidential 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.

Phone 816-781-3322

Fax

E-mail Address


Most Recent Plan Amendment (if any) March 20, 2018

Original Date Plan/Project Approval April 15, 1996

Fax 816-228-0204


Private Sector Developer Top Star, LLC

Person Tim Harris

Page 44

16 Area Type:

(a) [X ] Blight




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








Ordinance 4725 - First Amendment to the Second Amended and Restated Tax Increment Financing Development Agreement Between the City of Blue Springs and Top Star, LLC for the Fall Creek Tax Incentive Finanicng Plan, 3/19/18

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.

Ordinance 3208 - Petition to Establish Fall Creek Community Improvement District, 6/5/00.

Ordinance 3208 - Cooperative Agreement between the City and The Fall Creek CID, 6/5/00.

Ordinance 3391 - First Amended and Restated Petition to Establish the Fall Creek CID, 7/02/01.

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, 2/5/07.

Ordinance 4343 - First Amendment to the First Amended and Restated Petition to Establish the Fall Creek Community Improvement District, 7/20/15.

Ordinance 4549 - First Amendment to the Cooperative Agreement between the City and Fall Creek CID, 7/20/15.

Ordinance 4819 -Ordinance Terminating Tax Increment Financing Within the Fall Creek Redevelopment Area, Dissolving the Special Allocation Fund Related Thereto, and Authorizing Certain Actions Relating Thereto, 5/6/19.

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

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.

Ordinance 3098 - Fall Creek TIF activated, 11/30/98.

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

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

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

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

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

Page 45



22 - -

23 - -

24 - -





26 200 161

27 NA 0




(a) 260,613 4,901,663

(b) 35,668 1,883,527

3,945 130,519

287,984

300,225 7,203,694



(a) -$ 1,049,690

(b) -$ 827,872

(c) -$ -

(d) -$ 400,000

(e) -$ 311,367

(f) -$ -

-$ 2,588,929$


(g) 263,999$ 6,879,264

(h) 2,588,929

(i) -

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."




Name Address

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.









Interest

Other







Other (specify):

Other (specify):


Page 46


(a)

3,015,000$

(b) 400,000$

(c)485,000$

(d) -$

(e) -$

(f) -$

3,900,000$

31 45,646,000$




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

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


33 15

34 23


35 30,007$

36 2,509,617$

37 9,500,000$

38 -$

39 2,320$

40 17,928,157$

41 23,249,225$

42 50%

43 23

44 100%

45 23
















Public Infrastructure & Site Development Costs



Other (specify):

Other (specify):

Other (specify):



Page 47

Mall at Fall Creek Redevelopment Area

Page 48

Mall at Fall Creek AFTER Redevelopment

Page 49


Page 50


Golden Corral closed June 2011 and remains vacant

Party Depot closed July 2011 and SERC Physical Therapy opened May 2013

Page 51


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12






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

16 Area Type:

(a) [X ] Blight




Phone 816-228-0106

Fax 816-228-0204




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

Name of Plan or Project White Oak Tax Increment Financing Plan



Development Associates, LLC

Person Mike Fishman

Phone 913-782-9000

Fax

E-mail Address


Original Date Plan/Project Approval November 17, 2014


Most Recent Plan Amendment (if any) December 19, 2016


The Redevelopment Area consists of approximately 20 acres of land located in an area generally bounded by Highway 7 on the East, SW Sunset Street on the North, and SW 10th Street on the West (excluding the residential homes fronting on SW 10th Street).

The Project includes: 1) acquisition of all property rights by the Developer, 2) demolition of existing buildings located therein, 3) completion of substantial site work and infrastructure improvements, 4) construction of an approximately 85,000 SF grocery store (Project B), 5) construction of approximately 19,250 SF of additional commercial space, and 6) construction of an approximately 180-unit senior housing complex (Project A).




Page 53












22 - -

23 - 2

24 - -

Ordinance 4571 - Amended legal descriptions of re-development area designated in Ord. 4519, 10/05/15.

Ordinance 4636 - First Amendment to TIF Contract, amending definition of Project Area A as the senior housing complex andProject Area B as the grocery store and retail, 12/19/16.

Ordinance 4636 - Issuance of Special Obligation Revenue Bonds, 12/19/16.

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.


White Oak Community Improvement District - The CID 1% sales tax has been approved and is effective as of April 1, 2017.




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.

Resolution 40-2014 - Funding Agreement between City and Development Associates, LLC , 4/7/14.

Acquisition of leasehold interests are necessary for the removal of blight and for the Redevelopment Plan to move forward ascontemplated.

This project will benefit the public by providing the City with the opportunity to stabilize and help reinvigorate a key part of one ofthe City’s most important commercial locations. This area has clearly suffered in recent years from excessive vacancies in both“big box” and smaller retail store buildings. It is hoped and expected that these Redevelopment Projects, along with otherredevelopment projects in this corridor such as the 7 Highway and 40 Highway TIF, will help complete the process to turn the areaback into a quality and successful retail and commercial services area to serve the citizens of the City for years to come.

Ordinance 4519 - White Oak TIF Plan approved, Redevelopment Area established, Development Associates, LLC designated asthe Developer, and the TIF Contract between City and Development Associates, LLC, approved, 11/17/14.

Ordinance 4520 - Plan A activated, 11/17/14.

Ordinance 4521 - Plan B activated, 11/17/14.

Resolution 16-2015 - Acquisition Funding Agreement between City and Development Associates, LLC , 2/17/15.

Page 54




407-299-2555 Restaurant New

816-598-4358 Retail New


26 - 104

27 - 167




(a) 254,536$ 295,321$

(b) 373,068$ 628,888$

(c) 168,346$ 311,503$

(d) 30,158$ 64,998$

(e) 826,110$ 1,300,709$



(a) -$

(b) 3,213,457$

(c) 2,781,834$

(d) -$

(e) 961,380$

(f) -$

-$ 6,956,672$


(g) 529,258$ 1,137,458$

(h) 6,956,672$

(i) -$


(a)4,117,581$

(b) -$

(c)2,461,224$

(d)1,773,247$

(e) 522,500$

(f)

8,874,552$

31 49,639,471$




Interest




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


Other (specify):

Total Anticipated TIF Reimbursable Costs

Total Anticipated Project Costs





Name Address

First Watch Restaurant 1077 SW 7 Hwy

TCC Verizon 1095 SW 7 Hwy


CID Sales Taxes






Other (specify): Relocation, Design, Development Fees

Other (specify):



Page 55




(c) [ ] TIF notes (g) [X ] Other bond (Special Obligation Bond)

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


33 23

34 23


35 736,000$

36 3,439,571$

37 6,430,117$

38 117,165$

39 69,168$

40 14,538,848$

41 8,093,138$

42 50%

43 23

44 100%

45 23
















Page 56

White Oak Redevelopment Area

Page 57

White Oak BEFORE Redevelopment

Page 58

White Oak Demolition and Construction

Page 59

White Oak Marketplace Construction

Page 60

Cosentino's Price Chopper opened October 2017

White Oak AFTER Redevelopment

Grand Opening October 4, 2017

Johnny's Tavern opened November 2017

White Oak Dental Group openend October 2017 Saint Luke's Convenient

Care opened October 2017

Page 61

First Watch opened November 2018

TCC - Verizon opened November 2018

White Oak AFTER Redevelopment

Page 62


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12






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

16 Area Type:

(a) [X ] Blight



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

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

Note: Two businesses have opened in the project area and the Park and Ride area is operational.



Name of Plan or Project Woods Chapel Tax Increment Financing Plan, Project 1





Phone 816-228-0106

Fax 816-228-0204

E-mail Address

E-mail Address

Original Date Plan/Project Approval July 7, 2008


Most Recent Plan Amendment (if any)

[email protected]

Private Sector Developer I-70 Partners, LLC

Person Dan Carr

Phone 816-960-1444

Fax

April 4, 2011





Page 63












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

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.

The Redevelopment Area is plagued by severe drainage and environmental challenges. For these reasons, complicatedengineering and construction challenges face the Redevelopment Area. The Redevelopment Area is bisected from east to west bya deep creek that drains the site and the surrounding areas. The low lying areas suffer from severe drainage problems thatfrequently 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.

In addition to the construction of the Redevelopment Projects, this Plan provides for the construction of certain public infrastructureimprovements 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 thedevelopment providing two northbound lanes on Woods Chapel Rd to accommodate double northbound left turn lanes fromValleyview Road and two southbound lanes on Woods Chapel Road which become a dedicated through and right turn lane atValleyview Road.

Ordinance 4165 - Woods Chapel TIF Project 1 activated, 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-70Partners, 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.

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

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

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

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.


Oaks at Woods Chapel Community Improvement District - The imposition of the CID 1% sales tax became effective on July 1, 2014 for 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.

Page 64

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

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

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





26 - 15

27 - 22




(a) 107,263$ 522,612$

(b) 30,240$ 200,805$

-$ 1,972$

36,316$ 147,201$

173,819$ 872,590$



(a) 1,814,624$

(b) 813,667$

(c) -$

(d) -$

(e) 379,485$

(f) 285,309$

-$ 3,293,084$


(g) -$ -$

(h) 77,578$ 333,649$

(i) 77,005$ 333,076$


(a) 4,318,264$

(b) -$

(c) -$

(d) 591,800$

(e) 774,359$

(f) 152,750$

5,837,173$

31 19,185,046$



Other (specify): Design, Legal & Development Fees

Other (specify): Interest







Name Address







Other (specify): Remediation of Waterway

Other (specify): Design/Engineering

Other (specify): Legal/Developer Fees




Interest

CID Sales Tax




Page 65





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


33 23

34 23


35 102,516$

36 1,326,411$

37 3,088,688$

38 5,431$

39 8,858$

40 4,924,731$

41 4,759,207$

42 50%

43 23

44 100%

45 23
















Page 66


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12





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


16 Area Type:

(a) [X] Blight




July 7, 2008


Most Recent Plan Amendment (if any) April 4, 2011







Phone 816-228-0106

Fax 816-228-0204





I-70 Partners, LLC

Person Dan Carr

Phone 816-960-1444

Fax

E-mail Address

Original Date Plan/Project Approval



The Woods Chapel TIF Redevelopment Area consists of approximately 26 acres of land located in Blue Springs, Missouri in an areagenerally bounded by Carl Felt Road on the north, Woods Chapel Road on the east, NW Valley View Place Road on the south andsingle-family residential development to the west.

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

Page 67















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

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

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

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

The Redevelopment Area is plagued by severe drainage and environmental challenges. For these reasons, complicatedengineering 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 frequentlyleaves standing water for long periods of time. Project engineers have identified wetlands and "Waters of the U.S.," which arewithin the jurisdiction for the U.S. Army Corp of Engineers and the State of Missouri. Significant environmental study, engineeringand remediation will be necessary to develop around or disturb these areas.



RSMo 99.848 states that "notwithstanding subsection 1 of section 99.847, any district providing emergency services pursuant tochapter 190 or 321, RSMo, shall be entitled to reimbursement from the special allocation fund in the amount of at least fifty percentnor more than one hundred percent of the district's tax increment. This section shall not apply to tax increment financing projects ordistricts approved prior to August 28, 2004."


Page 68



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

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



LineRelocated from

What City/County?


26 Estimate of New Jobs: - -

27 Estimate of Retained Jobs: - -




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

(b) Economic Activity Taxes -$ -$

Total as of Report Date: -$ -$



(a) -$ -$

(b) -$ -$

(c) -$ -$

(d) -$ -$

(e) -$ -$

(f) -$ -$

-$ -$


(g) -$ -$

(h) -$ -$

(i) -$ -$


(a) 1,486,713$

(b) -$

(c) -$

(d) 22,244$

(e)

(f)

1,508,957$

31 15,833,459$





Other (specify):

Other (specify):













Other (specify):

Other (specify):

Name Address

Page 69





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


33 23

34 23


35 -$

36 68,182$

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 )







Page 70


1

2

3

4


(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

(i)

(j)

6

7

8

9

10

11

12





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


16 Area Type:

(a) [X] Blight



Phone 816-960-1444

Fax








Private Sector Developer I-70 Partners, LLC


Phone 816-228-0106

Fax 816-228-0204


The Woods Chapel TIF Redevelopment Area consists of approximately 26 acres of land located in Blue Springs, Missouri in an areagenerally bounded by Carl Felt Road on the north, Woods Chapel Road on the east, NW Valley View Place Road on the south andsingle-family residential development to the west.

E-mail Address

Original Date Plan/Project Approval July 7, 2008

Person

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


Most Recent Plan Amendment (if any) April 4, 2011




Dan Carr

Page 71












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

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

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

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








The Redevelopment Area is plagued by severe drainage and environmental challenges. For these reasons, complicatedengineering 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 frequentlyleaves standing water for long periods of time. Project engineers have identified wetlands and "Waters of the U.S.," which arewithin the jurisdiction for the U.S. Army Corp of Engineers and the State of Missouri. Significant environmental study, engineeringand remediation will be necessary to develop around or disturb these areas.

Page 72



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

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



LineRelocated from

What City/County?


26 Estimate of New Jobs: - -

27 Estimate of Retained Jobs: - -




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

(b) Economic Activity Taxes -$ -$

Total as of Report Date: -$ -$



(a) -$ -$

(b) -$ -$

(c) -$ -$

(d) -$ -$

(e) -$ -$

(f) -$ -$

-$ -$


(g) -$ -$

(h) -$ -$

(i) -$ -$


(a) 137,988$

(b) -$

(c) -$

(d) 8,254$

(e) -$

(f) -$

146,242$

31 1,894,355$







Name


Other (specify):






Other (specify):



Other (specify):

Other (specify):


Address


Page 73





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


33 23

34 23


35 -$

36 40,182$

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 )




Page 74

Oaks at Woods Chapel Redevelopment Area

Page 75

Woods Chapel - Project 1 BEFORE Redevelopment

Page 76

Woods Chapel - Project 1 AFTER Redevelopment

Page 77

Woods Chapel - Project 1 AFTER Redevelopment

Relocated from 1128 NW Woods Chapel RoadOpened in November 2017

Page 78

Blue Springs, Missouri Tax Increment Financing

7 Hwy & 40 Hwy (Project A)

7 Hwy & 40 Hwy (Project B)

7 Hwy & 40 Hwy (Project C)

Adams Farm (Projects A,B,C)

Copperleaf Village Shopping Center Fall Creek

White Oak (Projects 1 & 2)

Woods Chapel (Project 1) Total

RevenuesTaxes 98,199.64$ 271,137.47$ 571,990.78$ 4,860,110.80$ 61,914.91$ 296,280.06$ 795,951.13$ 173,819.07$ 7,129,403.86$ Interest 422.27 1,387.79 2,150.00 93,142.37 341.40 3,944.99 30,158.39 - 131,547.21 Other 95,092.19 25,761.45 - - - - - - 120,853.64

Total Revenues 193,714.10 298,286.71 574,140.78 4,953,253.17 62,256.31 300,225.05 826,109.52 173,819.07 7,381,804.71 -

Expenditures:

Current: General Government 4,094.00 18,885.37 32,855.34 302,457.42 3,479.83 5,342.55 35,917.14 15,137.81 418,169.46 Professional Services - - - 9,020.22 - 157,822.77 - - 166,842.99 Certified Developer Costs 182,890.77 278,317.63 415,088.39 - 55,892.63 - - 77,578.49 1,009,767.91 Certified City Costs - - - - - - - 77,005.28 77,005.28 Debt service:Principal Retirement - - - 2,695,000.00 - 257,519.26 75,000.00 - 3,027,519.26

Interest and Fiscal Charges - - - 2,065,035.05 - 6,480.02 459,037.61 - 2,530,552.68

Bond Issuance Costs - - - - - - - - -

Total Expenditures 186,984.77 297,203.00 447,943.73 5,071,512.69 59,372.46 427,164.60 569,954.75 169,721.58 7,229,857.58

Excess of Revenues Over/(Under) Expenditures 6,729.33 1,083.71 126,197.05 (118,259.52) 2,883.85 (126,939.55) 256,154.77 4,097.49 151,947.13

Other Financing Sources (uses):

Bond Proceeds - - - - - - - - -

Operating Transfers In - - - - - - - - -

(1,013.02) (1,373.16) (126,687.10) (15,097.50) (312.61) (3,326.65) (4,717.58) (686.73) (153,214.35)

Bond Discount - - - - - - - -

Bond Issuance - - - - - - - -

Payments to refunded bond escrow acco - - - - - - - -

Total Other Financing Sources (uses) (1,013.02) (1,373.16) (126,687.10) (15,097.50) (312.61) (3,326.65) (4,717.58) (686.73) (153,214.35)

Net Change in Fund Balances 5,716.31$ (289.45)$ (490.05)$ (133,357.02)$ 2,571.24$ (130,266.20)$ 251,437.19$ 3,410.76$ (1,267.22)$

Fund Balance - Beginning of Year 14,905.64$ 30,746.97$ 70,422.61$ 5,112,960.66$ 1,402.28$ 132,864.06 1,854,454.27$ 8,920.10$ 7,226,676.59$

Fund Balance - End of Year 20,621.95$ 30,457.52$ 69,932.56$ 4,979,603.64$ 3,973.52$ 2,597.86$ 2,105,891.46$ 12,330.86$ 7,225,409.37$

TIF Project Funds

Combined Statement of Revenues, Expenditures and Change in Fund BalanceFor the Year Ended September 30, 2019

Op Transfers (Out) - General Fund

Page 79

TIF Projects Fund

2019 2018

Revenues:

Taxes 98,199.64$ 84,187.82$

Interest 422.27 206.81

Other 95,092.19 -

Total Revenues 193,714.10 84,394.63

Expenditures:

Current:

General Government 4,094.00 4,090.45

Professional Services - -

Certifed Developer Costs 182,890.77 73,931.18

Certified City Costs - -

Debt service:

Principal Retirement - -

Interest and Fiscal Charges - -

Bond Issuance Costs - -

Total Expenditures 186,984.77 78,021.63

Excess of Revenues Over/(Under) Expenditures 6,729.33 6,373.00


Bond Proceeds - -

Operating Transfers In - -

OperatingTransfers Out (1,013.02) (815.81)

Bond Discount - -

Bond Issuance - -

Payments to refunded bond escrow account - -

Total Other Financing Sources (1,013.02) (815.81)

Net Change in Fund Balances 5,716.31$ 5,557.19$

Fund Balance - Beginning of Year 14,905.64$ 9,348.45$

Fund Balance - End of Year 20,621.95$ 14,905.64$


Statement of Revenues, Expenditures and Change in Fund Balance

For the Year Ended September 30, 2019Project: 7 Highway & 40 Highway TIF, Project A

Page 80


TIF Projects Fund

2019 2018

Revenues:

Taxes 271,137.47$ 260,313.56$

Interest 1,387.79 627.43

Other 25,761.45 -

Total Revenues 298,286.71 260,940.99

Expenditures:

Current:





Debt service:







Bond Proceeds - -


OperatingTransfers Out (1,373.16) (1,249.53)

Bond Discount - -

Bond Issuance - -


Total Other Financing Sources (1,373.16) (1,249.53)

Net Change in Fund Balances (289.45)$ 14,604.14$




For the Year Ended September 30, 2019Project: 7 Highway & 40 Highway TIF, Project B

Page 81


Project: 7 Highway & 40 Highway TIF, Project C

2019 2018

Revenues:

Taxes 571,990.78$ 572,856.46$

Interest 2,150.00 1,050.34

Other - -

Total Revenues 574,140.78 573,906.80

Expenditures:

Current:





Debt service:







Bond Proceeds - -



Bond Discount - -

Bond Issuance - -



Net Change in Fund Balances (490.05)$ 11,313.27$



TIF Projects FundStatement of Revenues, Expenditures and Change in Fund Balance

For the Year Ended September 30, 2019

Page 82



2019 2018

Revenues:

Taxes* 4,860,110.80$ 4,953,864.87$

Interest 93,142.37 22,185.63

Other - -

Total Revenues 4,953,253.17 4,976,050.50

Expenditures:

Current:


Professional Services 9,020.22 -

Certifed Developer Costs - -


Debt service:

Principal Retirement 2,695,000.00 2,365,000.00

Interest and Fiscal Charges 2,065,035.05 1,967,313.12


Total Expenditures 5,071,512.69 4,637,215.60

Excess of Revenues Over/(Under) Expenditures (118,259.52) 338,834.90


Bond Proceeds - -



Bond Discount - -

Bond Issuance - -



Net Change in Fund Balances (133,357.02)$ 324,230.70$

Fund Balance - Beginning of Year 5,112,960.66$ 4,788,729.96$

Fund Balance - End of Year 4,979,603.64$ 5,112,960.66$

* Includes TDD revenue pledged for debt service.

For the Year Ended September 30, 2019Project: Adams Farm - Projects A, B, C

Page 83

Assets 2019 2018

Cash and Investments 377,185.90$ 333,802.71$

Due from Other Funds or Governments 2,457,922.02 2,170,833.24

Prepaid items - -

Restricted Cash and Investments 4,062,953.22 4,085,731.20

Total Assets 6,898,061.14$ 6,590,367.15$

Liabilities and Fund Balance

Liabilities:

Accounts Payable -$ 53,525.13$

Deferred Inflow 1,917,224.38 1,422,734.45

Due to Developer - -

Due to Other Funds 1,233.13 1,146.94

Inferfund Payable - -

Total Liabilities 1,918,457.51 1,477,406.52

Fund Balance (deficit):

Reserved for Prepaid Items - -

Unreserved

Undesignated - -

TIF Projects Fund 4,979,603.63 5,112,960.65

Total Fund Balance (Deficit) 4,979,603.63 5,112,960.65

Total Liabilities and Fund Balance 6,898,061.14$ 6,590,367.17$

Note:The FY 2018 data has been adjusted to reflect audited financial statements.


TIF Projects FundBalance Sheet


Page 92

2019 2018

Revenues:

Taxes 296,280.06$ 425,548.98$

Interest 3,944.99 10,289.90

Other - -

Total Revenues 300,225.05 435,838.88

Expenditures:

Current:


Professional Services 157,822.77 -

Certified Developer Costs - -


Debt service:

Principal Retirement 257,519.26 304,779.82

Interest and Fiscal Charges 6,480.02 36,392.55



Excess of Revenues Over/(Under) Expenditures (126,939.55) 89,922.21


Bond Proceeds - -


OperatingTransfers (Out) (3,326.65) (7,716.96)

Bond Discount - -

Bond Issuance - -



Net Change in Fund Balances (130,266.20)$ 82,205.25$





For the Year Ended September 30, 2019Project : Fall Creek

Page 85


TIF Projects Fund

2019 2018

Revenues:

Taxes 795,951.13$ 402,764.28$

Interest 30,158.39 27,780.20

Other - -

Total Revenues 826,109.52 430,544.48

Expenditures:

Current:


Professional Services - 2,837.50

Certified Developer Costs - 3,674,424.68


Debt service:

Principal Retirement 75,000.00 -

Interest and Fiscal Charges 459,037.61 454,268.28

Bond Issuance Costs - 4,770.00

Total Expenditures 569,954.75 4,141,981.31

Excess of Revenues Over/(Under) Expenditures 256,154.77 (3,711,436.83)


Bond Proceeds - -


Operating Transfers Out (4,717.58) (1,390.03)

Bond Discount - -

Bond Issuance - -



Net Change in Fund Balances 251,437.19$ (3,712,826.86)$

Fund Balance - Beginning of Year 1,854,454.27$ 5,567,281.13$

Fund Balance - End of Year 2,105,891.46$ 1,854,454.27$


For the Year Ended September 30, 2019Project: White Oak

Page 86

20119 2018

Revenues:

Taxes 173,819.07$ 124,076.54$

Interest - -

Other - -

Total Revenues 173,819.07 124,076.54

Expenditures:

Current:


Professional Services - 958.75

Certified Developer Costs 77,578.49 52,678.67

Certified City Costs 77,005.28 52,678.68

Debt service:







Bond Proceeds - -


Operating Transfers Out - Capital Projects Fund - -

OperatingTransfers Out - General Fund (686.73) (467.57)

Bond Discount - -

Bond Issuance - -


Total Other Financing Sources (686.73) (467.57)

Net Change in Fund Balances 3,410.76$ 7,507.82$





For the Year Ended September 30, 2019Project: Woods Chapel, Project 1

Page 87


TIF Projects Fund

Combined Balance Sheet

Assets7 Hwy & 40 Hwy

(Project A)7 Hwy & 40 Hwy

(Project B)7 Hwy & 40 Hwy

(Project C)Adams Farm

(Projects A,B,C)

Copperleaf Village Shopping

Center Fall CreekWhite Oak

(Projects 1 & 2)Woods Chapel

(Project 1) Total

Cash and Investments 121,236.10$ 65,516.85$ -$ 377,185.90$ 3,576.50$ 2,597.86$ 92,457.68$ 3,439.48$

Due from Other Funds or Governments 134,925.34 163,565.20 242,086.45 2,457,922.02 61,079.32 - 412,906.81 133,367.64

Prepaid Items - - - - - - - -

Deposits with Trustee - - - - - - - -

Restricted Cash and Investments - - - 4,062,953.22 - - 1,930,086.05 -

Total Assets 256,161.44$ 229,082.05$ 242,086.45$ 6,898,061.14$ 64,655.82$ 2,597.86$ 2,435,450.54$ 136,807.12$ 10,264,902.42$


Liabilities:

Accounts Payable 121,236.10$ 63,540.94$ -$ -$ 3,576.50$ 2,597.87$ -$ 4,012.70$

Deferred Inflow 114,122.93 134,981.09 164,229.62 1,917,224.38 57,076.51 - 328,984.95 120,433.05

Due to Developer - - - - - - - -

Due to Other Funds 180.46 102.50 7,924.27 1,233.13 29.29 (2,597.87) 574.13 30.51

Interfund Payable - - - - - - - - -

Total Liabilities 235,539.49 198,624.53 172,153.89 1,918,457.51 60,682.30 - 329,559.08 124,476.26 3,039,493.06


Reserved for Prepaid Items - - - - - - - -

Unreserved

Undesignated - - - - - - - -

TIF Projects Fund 20,621.95 30,457.52 69,932.56 4,979,603.63 3,973.52 2,597.87 2,105,891.46 12,330.86 7,225,409.36

Total Fund Balance (Deficit) 20,621.95 30,457.52 69,932.56 4,979,603.63 3,973.52 2,597.87 2,105,891.46 12,330.86 7,225,409.36

Total Liabilities and Fund Balance 256,161.44$ 229,082.05$ 242,086.45$ 6,898,061.14$ 64,655.82$ 2,597.87$ 2,435,450.54$ 136,807.12$ 10,264,902.43$


Page 88



Project: 7 Highway & 40 Highway, Project A

Assets 2019 2018


Due from Other Funds or Governments 134,925.34 47,383.89

Prepaid items - -

Total Assets 256,161.44$ 65,236.70$


Liabilities:

Accounts Payable 121,236.10$ 17,852.81$

Deferred Inflow 114,122.93 32,357.46


Due to Other Funds 180.46 120.79


Total Liabilities 235,539.49 50,331.06



Unreserved

Undesignated - -

TIF Projects Fund 20,621.95 14,905.64

Total Fund Balance (Deficit) 20,621.95 14,905.64

Total Liabilities and Fund Balance 256,161.44$ 65,236.70$



Page 89



Project: 7 Highway & 40 Highway, Project B

Assets 2019 2018



Prepaid items - -

Total Assets 229,082.05$ 195,527.59$


Liabilities:


Deferred Inflow 134,981.09 137,325.93



Inferfund Payable -




Unreserved

Undesignated - -






Page 90



Project: 7 Highway & 40 Highway, Project C

Assets 2019 2018

Cash and Investments -$ 90,644.11$


Prepaid items - -

Total Assets 242,086.45$ 319,172.35$


Liabilities:


Deferred Inflow 164,229.62 150,169.02







Unreserved

Undesignated - -




Note:

The FY 2018 data has been adjusted to reflect audited financial statements.


Page 91

Assets 2019 2018


Due from Other Funds or Governments 2,457,922.02 2,170,833.24

Prepaid items - -


Total Assets 6,898,061.14$ 6,590,367.15$


Liabilities:


Deferred Inflow 1,917,224.38 1,422,734.45




Total Liabilities 1,918,457.51 1,477,406.52



Unreserved

Undesignated - -








Page 92

Assets 2019 2018



Prepaid items - -

Total Assets 64,655.82$ 49,907.28$


Liabilities:


Deferred Inflow 57,076.51 44,908.72







Unreserved

Undesignated - -







For the Year Ended September 30, 2019Project: Copperleaf Village Shopping Center

Assets 2019 2018


Due from Other Funds or Governments - 307,078.19

Deposits with Trustee - 89,449.32

Total Assets 2,597.86$ 398,612.54$


Liabilities:

Accounts Payable 2,597.87$ -$

Deferred Inflow - 265,748.48


Due to Others (2,597.87) -


Total Liabilities - 265,748.48



Unreserved

Undesignated - -







For the Year Ended September 30, 2019Project: Fall Creek

Page 94



Project: White Oak, Project 1 & 2

Assets 2019 2018



Prepaid items - -


Total Assets 2,435,450.54$ 2,124,582.08$


Liabilities:

Accounts Payable -$ -$

Deferred Inflow 328,984.95 269,662.23







Unreserved

Undesignated - -






Page 95



Project: Woods Chapel, Project 1

Assets 2019 2018



Prepaid items - -

Total Assets 136,807.12$ 120,917.18$


Liabilities:


Deferred Inflow 120,433.05 107,974.86







Unreserved

Undesignated - -






Page 96

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TAX INCREMENT FINANCING ANNUAL REPORT