Tax Increment Financing Commission of Kansas City ... · 6/17/2020 THE FOLLY THEATER 7002155...

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Tax Increment Financing Commission of Kansas City, Missouri

Financial Report Exhibits

For the three months ended July 31, 2020

Statement of Revenues, Expenditures and Changes

in Fund Balance for the three months ended July 31, 2020 1

Financial Highlights 2

Schedule of Cash and Investment Balances at July 31, 2020 3-4

Schedules of Checks and Wires greater than $5,000 5

Schedule of General Fund Balance 6

Special Allocation Fund Rollforward – Short form 7-8

Special Allocation Fund Rollforward – Long form 9-10

Schedule of Developer Obligations 11-12

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Typewritten Text

{File: J:/Accounting/TIF Accounting/Month End Folder/FY 2021/3. July 2020/ME Reports/July 2020 Comments.docx /}

Financial Highlights

Statement of Revenues, Expenditures and Changes in Fund Balance


(1) As of July 31, 2020, tax increment financing revenues were approximately $8.6 million

or 6.8% of the FY 2019-2020 ($126.2 million). Incremental tax revenues are received throughout

the year with the most significant receipts occurring in October, January, February, and April.

(2) KCMO debt contributions - $4,600,000 – Arlington Road Contribution; $502,000

Linwood –Contribution

(3) Project Costs - Significant reimbursements from bond project funds include: $1 million

Platte Purchase

(4) Payment to taxing districts – surplus Pilots and Eats – primarily includes Shoal Creek

$760 thousand

(5) Developer reimbursements - Significant reimbursements include: Shoal Creek $8.4

million; Arlington Road $3.9 million; KCI Corridor $3.5 million; Bannister & 435 $1.7 million.

(6) TIF bonds - scheduled TIF bonded principal and interest debt service requirements

and City annual appropriation backed bonds. Significant TIF bonded debt service payments

include: Briarcliff $2.9 million; KCI Corridor $2.1 million; Union Hill $1.9 million; Blue Ridge

Mall $1.4 million; Significant City bonded debt service includes $1.3 million for Brush Creek

(7) Fund balance, beginning of year - will change as FYE 4/30/2020 year-end adjustments

and accruals are recorded.

Revenues:

Tax increment financing revenues:

EATS - KCMO 1,820,403$

EATS - Clay Co. 673,441

EATS - Platte Co. 1,118,455

EATS - Other 518,942

PILOT's - Jackson Co. 3,842,337

PILOT's - Clay Co. 601,271

Total tax increment financing revenues: 8,574,849 (1)

KCMO/Intergovernmental contributions 5,267,940 (2)

Developer revenues 239,825

Housing revenues and contributions 2,229

Other 162

Interest 308,635

Total revenues 14,393,640

Expenditures:

Administrative:

Administrative fee 385,981

Professional fees 11,223

Insurance 26,096

Office related 173

Other 131

Total administrative: 423,604

Project expenditures:

Project costs 1,188,478 (3)

Payments to taxing districts 981,153 (4)

Housing and other programs 182,897

Consulting services 111,516

Legal services 191,829

Public notices 679

Developer general / admin costs 13,556

Debt Service:

Developer reimbursements 20,943,529 (5)

TIF bonds - principal 7,799,500 (6)

TIF bonds - interest and fiscal charges 1,267,245 (6)

Payments on behalf of KCMO 1,499,207 (6)

Total project expenditures 34,179,589

Total Expenditures 34,603,193

Excess of Revenues Over (Under) Expenditures (20,209,553)

Other financing sources (uses):

Interfund transfers in 385,981

Interfund transfers out (385,981)

Total Other Financing Sources (Uses) -

Net change in fund balances (20,209,553)

Fund balance, beginning of year 121,699,889 (7)

Fund balance, end of period 101,490,336$

Tax Increment Financing Commission of Kansas City, Missouri

Statement of Revenues, Expenditures and

Changes in Fund Balances


Tax Increment Financing Commission

Schedule of Cash and Investments as of July 31, 2020

General Fund 379,159$

Developer Fund 854,045

Project Fund 3,080,920

SAF Fund:

Bond trust account summaries:

Briarcliff 714,762

KCI Corridor 30,402,363

Union Hill 249,873

Brywood Center 425,330

Platte Purchase 17,386,742

Blue Ridge Mall 1,491,965

Bond trust account summaries 50,671,035

SAF accounts

SAF Accounts ** 516,493

KCMO Investments ** 65,121,726

SAF account summaries 65,638,219

120,623,378$

** The TIFC pools its cash and investments.

TIF Investment Report For the Month & Quarter

Ended July 31, 2020

Primary Objectives

Safety Composition Rating US Treasuries 30.8% AAA

US Agencies & GSE’s 69.2% AAA

Total Pooled Portfolio 100.0%

Liquidity 6 Months Out 12 Months Out Major Projected Expenditures $ 24,000,000 $ 48,000,000

Portfolio Maturities & Revenues $ 49,472,516 $ 82,367,453

Total Liquidity Coverage 206.1% 171.6%

Cash & Investments Portfolio

Fair Weighted Average 1

Pooled Investments Par Value Market Value Book Value Percent Maturity (Days) Yield

US Treasury Bills 7,500,000 7,496,500 7,498,056 11.6% 160 0.04%

US Treasury Notes & Bonds 12,500,000 13,113,000 12,525,140 19.2% 816 2.17%

US Agencies—Discount Notes 12,500,000 12,500,000 12,499,512 19.2% 12 0.07%

US Agencies—Non-Callable 24,955,000 25,936,978 25,097,455 38.4% 663 2.23%

US Agencies—Callable 7,500,000 7,513,000 7,501,563 11.6% 106 1.69%

Total TIF Portfolio $ 64,955,000 $ 66,559,478 $ 65,121,726 100.0% 445 2.09%

Bank Deposits

Operating Accounts 5,093,439

Total Bank Deposits & Investments $ 70,215,165

TIF Interest Income FY2021 FY2020 Interest Income YTD $ 293,619 $ 276,498

Budgeted Interest Income 900,000 850,000

Percent of Interest Income Collected 32.6% 32.5%

Cash-Basis Rate of Return 1.980% 1.836%

Weighted Average Yield 2.092% 2.212%

Return on Investment Current Previous Δ

Portfolio Yield 2.09% 2.10% (0.01)

Average DDA Rate 0.13% 0.14% 0.01

Yield Spread 1.96% 1.96% 0.00 Return on Investment Current Previous Δ Portfolio Yield 2.09% 2.10% (0.01)

Bloomberg/Barclays 1-3 Yr Index 0.23% 0.25% 0.02

Yield Spread 1.86% 1.85% 0.01

TIF Investment Report For the Month & Quarter Ended July 31, 2020

Quarterly Investment Activity 1

Date Description Call/Maturity Purpose Yield Amount

07/09/20 P US Treasury Bills 07/14/20 Investment 0.071 $ 6,500,000

07/14/20 P FHLB Discount Notes 08/05/20 Investment 0.081 5,000,000


07/28/20 P US Treasury Bills 10/01/20 Investment 0.088 2,500,000


TOTAL TIF PURCHASES 08/17/20 0.077 $ 26,500,000

Give-up

Date Description Call/Maturity Purpose Yield Amount

05/07/20 S FHLB Discount Notes 05/20/20 Investment 0.071 $ 2,500,000

1.587% Book Yield, $1,340.63 Gain on Sale. Purchased 02-24-20. 1.852% Rate of Return for Period Owned.

05/14/20 S 2.400 FHLMC Due 11-28-22 2.40 YTM 05/28/20 Investment 0.974 $ 2,500,000

2.400% Book Yield, $1,375.00 Gain on Sale. Purchased 05-28-19. 2.457% Rate of Return for Period Owned.

TOTAL TIF SALES 05/24/20 0.496 $ 5,000,000

Schedule of Callable Bonds Owned Most Prob Least Prob Most Prob LeastProb

Par Call/Mat Call Call/Mat Call/Mat Call/Mat

Purpose Purchased Acquisition # CUSIP (000’s) Issue Coupon Date Feature Date Yield Yield Investment 09/11/19 20-10_TIF 3133EKK39 2,500 FFCB 1.840 09/09/20 Continuous 09/09/22 1.916 1.866

Investment 10/08/19 20-12_TIF 3133EKV86 2,500 FFCB 2.000 10/02/20 Continuous 10/02/24 1.717 1.942

Investment 03/03/20 20-39_TIF 3133ELQE7 2,500 FFCB 1.640 03/03/21 Continuous 03/03/25 1.640 1.640

7,500 11/14/20 03/15/24 1.690 1.800

Pymnt Date Supplier Pymnt No.Paid Amount Description Plan

7/8/2020 ECONOMIC DEVELOPMENT CORPORATI 0000651 25,535.79$ Fees General

7/10/2020 CITY OF KANSAS CITY MISSOURI 7002168 163,802.80 June Admin Fee General

7/10/2020 CROSSROADS ACADEMY OF KANSAS CITY INC 7002169 21,667.78 Retainer Refund Developer

7/10/2020 S B FRIEDMAN & COMPANY 7002172 9,997.25 Consulting Developer

7/15/2020 CITY OF KANSAS CITY MISSOURI 7002176 80,773.34 Surplus Q1 EATs Shoal Creek

7/15/2020 CLAY COUNTY PILOTS 7002177 26,311.53 Surplus PILOTs Shoal Creek

7/15/2020 CLAY COUNTY EATS 7002178 35,228.96 Surplus EATs Shoal Creek

7/15/2020 UMB-MUEHLBACH 7002180 48,540.55 Debt Service Midtown

7/15/2020 PERSHING ROAD DEVELOPMENT CO., L.L.C. 7002182 5,328.94 Developer Reimbursement Pershing Rad

7/15/2020 NOVAK BIRKS P.C. 7002185 7,637.25 Consulting Various

7/15/2020 KANSAS CITY ZOO 7002186 77,146.59 Surplus EATs Various

7/15/2020 BOKF NA D/B/A BANK OF KANSAS CITY AS TRU 7002188 75,452.68 Developer Reimbursement North Oak

7/15/2020 SECUTITY BANK OF KANSAS CITY 7002190 28,693.12 Debt Service Platte Purchase

7/17/2020 UMB BANK NA 0000655 28,763.86 Debt Service 1200 Main

7/17/2020 PNC BANK 0000671 15,318.32 Developer Reimbursement 87th & Hillcrest

7/17/2020 HUNT MIDWEST REAL ESTATE DEVELOPMENT PAR 0000672 317,516.00 Developer Reimbursement Parvin Road

7/17/2020 BRYAN CAVE LEIGHTON PAISNER LLP 0000670 51,648.65 Legal Various

7/17/2020 UMB CORPORATE TRUST SERVICES 0000669 20,057.01 Debt Service Briarcliff

7/17/2020 UMB BANK 0000668 32,611.64 Debt Service Blue Ridge

7/17/2020 FIRST AMERICAN TITLE INSURANCE COMPANY 0000653 321,832.00 Developer Reimbursement Linwood

7/17/2020 COMMERCE BANK- ANTIOCH REDEVELOPMENT PTN 0000679 13,569.53 Developer Reimbursement Antioch Crossing

7/17/2020 UMB BANK, NA 0000676 13,459.03 Debt Service Brywood

7/17/2020 UMB BANK, NA 0000656 9,739.46 Debt Service Chouteau

7/17/2020 BOK FINANCIAL 0000654 2,019,918.82 Debt Service KCI Corridor

7/29/2020 COCHRAN HEAD VICK AND CO., P.C. 7002191 20,725.00 Consulting Various

7/29/2020 SAINT ENTERPRISE LLC 7002194 10,850.00 Housing Midtown

7/29/2020 COLEMAN'S TEMPERATURE CONTROL 7002196 5,100.00 Housing Midtown

7/29/2020 GONZALEZ PAINTING 7002197 5,800.00 Housing Midtown

7/29/2020 MJ BUILDERS LLC 7002198 6,791.00 Housing Winchester

7/31/2020 FARBER CONSTRUCTION 0000682 10,000.00 Housing HOC/ Troost

7/31/2020 GARCIA & ASSOCIATES 7002203 11,250.00 Housing Midtown

7/31/2020 NORTHLAND NEIGHBORHOODS, INC 7002205 37,272.00 Housing Chouteau/ Antioch

7/31/2020 BRYAN CAVE LEIGHTON PAISNER LLP 0000681 37,551.65 Legal Various

7/31/2020 CROSSROADS CHARTER SCHOOLS 0000683 12,443.51 Developer Reimbursement 11th St Corridor

7/31/2020 SCOVELL REMODELING INC 7002208 7,445.86 Housing Midtown

Total Payments over $5,000 3,615,779.92$

Schedule of Checks/ACH over $5,000

For the Month of July 2020

Assets

Cash 379,159$

Due from Capital Projects Fund

- year end amount 1,051,000

1,430,159

Liabilities

Accounts payable

Due to City 211,207

211,207

Fund balance

Fund balance - not available 1,051,000

Fund balance - available 167,952

1,218,952$

Schedule of General Fund Balance

July 31, 2020

7/31/2020

Project Name Plan

Beg Bal

5/1/2020 Pilots Eats Interest/ Other Developer City Admin Fee Other ME Total

Projects

11th Street Corr 11th St 590,399$ 5,169$ 666$ 2,902$ -$ -$ (272)$ (2,665)$ 596,199$

Blossom House 11th St - - 17 439 (330) - (1) - 125

1200 Main-HR Block-Proj 2 1200 Main - - 556 - (529) - (28) - -

1200 Main-Project 6 1200 Main 721,321 (328,746) - 3,553 - - 16,437 - 412,565

1200Main/SLoop Proj 13/14 1200 Main - - 4 - (4) - (0) - -

12TH & Wyan Aladdin 12th & Wyandotte 520 (414,171) 148 2,209 393,462 - 20,701 - 2,869

13th & Washington 13th & Washington 372 - 53 1,614 (1,551) - (3) - 485

19th Terr @ Central 19th Terrace & Central 219,807 108,694 155 1,067 - - (5,442) (5,755) 318,525

22nd & Main Prj 16 & 21 22nd & Main - - - - - - - - -

22nd & Main Prj 21 Jacob 22nd & Main - 43,015 1,098 - - - (2,206) - 41,907

22nd & Main Prj 22 Creamery 22nd & Main 112,153 - 25 243 (112,416) - (1) (3) -

22nd & Main Prj 28 Candle 22nd & Main 175,064 - 154 379 (175,572) - (8) (19) -

C/R-Botwin 22nd & Main - 29,531 315 - - - (1,492) (3,581) 24,772

C/R-Levitt 22nd & Main - - 3 - - - (0) - 3

C/R-Marietta Chair 22nd & Main - - - - - - - - -

C/R-McFamily 22nd & Main - - 598 - - - (30) - 568

C/R-Rainen 22nd & Main 93,145 - - 202 (93,347) - - - -

C/R-Safeway Bldg. 22nd & Main - 2,941 8 - - - (147) - 2,801

Lidia's 22nd & Main - 127,194 6,266 - - - (6,673) (84) 126,704

Stuart Hall/Morr Tfer 22nd & Main 331,823 - 56 1,234 (332,957) - (3) (7) 147

39th & Prospect- Aldi 39th & Prospect - - 1,497 - (1,422) - (75) - -

811 Main 811 Main - - 139 - (132) - (7) - -

87th and Hillcrest 87th & Hillcrest - - 16,125 - (15,318) - (806) - -

Americana Americana - - - - - - - - -

Antioch Crossing Antioch Crossing - - 64,908 - (61,663) - (3,245) - -

Antioch Mall Project 10 Antioch Mall 457,353 - 5,440 2,420 - - (272) (18,544) 446,397

Arlington Road TIF Arlington Road - - 307 4,600,000 (3,867,432) - (15) - 732,859

Baltimore Place Baltimore Place - 78,925 7,802 - (65,289) - (4,336) (17,102) -

Baltimore Place project 3 Baltimore Place - - 18 - (16) - (1) (1) -

Bannister/ I-435 Bannister/ I-435 - 1,825,024 1,630 - (1,735,321) - (91,333) - -

Bannister/ Wornall Bannister/ Wornall - - 108 - (103) - (5) - -

Barrytowne Barrytowne (0) - 23,105 - (5,855) - (397) (16,853) -

Carondelet Drive TIF Plan Carondelet - - 130 - (123) - (6) - -

Chouteau, project 3 Chouteau 801,288 - 6,246 3,545 - - (312) (147,378) 663,389

Chouteau, project 4 Chouteau 78,228 - - 385 - - - - 78,614

Expenditures - FY 20-21Deposits - FY 20-21

7/31/2020

Project Name Plan

Beg Bal



Commerce Tower Village Prj 1 Commerce Tower Village 29,712 - 154 - - - (8) - 29,858

C/M-Vista Del Rio Country Club Plaza 1,248 - - - - - - - 1,248

CC Plaza-Project 7 Country Club Plaza 346 - 133 - - - (7) - 472

CC Plaza-Saks Country Club Plaza - - - - - - - - -

CC Plaza-Seville Sq Country Club Plaza (0) - 3,314 - (3,148) - (166) - -

Kirkwood Circle Country Club Plaza 201,171 (4,297) - 991 - - 215 - 198,079

Downtown Library Dist Downtown Library 630,678 - - 5,496 - - - (1,053) 635,121

Gateway Gateway - - - - - - - - -

Western Union Bldg. Grand Ave - - 189 590 (601) - (9) - 168

Hickman Mills Hickman Mills - 720 - - - - - (720) -

City Center Square Prj B & C Hotel Phillips 696 - 1,786 - - - (89) - 2,393

Hotel Phillips Hotel Phillips 130,438 - 1,559 642 (1,481) - (78) - 131,080

Judicial Square Judicial Square (537) - 4 - - - (0) - (534)

Linwood Shopping Center Proj 4 KCMoLinwood 933,386 - - 506,885 (744,235) - - - 696,036

Metro North Crossing Metro North Crossing - - - - - - - - -

New England Bank New England Bank (1,818) 16,606 4 1,788 (14,983) - (831) (767) -

New York Life New York Life 14,177 - - - - - - (84) 14,093

North Oak North Oak - 35,998 91,389 - (75,453) - (6,369) - 45,565

North Oak Trfwy Pro North Oak 1,644,918 - 5,646 8,105 - - (282) (605) 1,657,781

Parvin Rd Corridor Parvin Road 4,992,558 7 63,953 23,059 (729,346) - (3,198) - 4,347,033

Pershing (IRS) Pershing Road - - 5,329 - (5,329) - - - -

4th & Locust, LLC Rivermarket - - 13 - (12) - (1) - -

River Market Rivermarket 647,340 152,438 - 3,181 - - (7,622) - 795,336

Rivermarket Prj 5-7 9-10 Rivermarket 473,893 (22,507) - 3,491 (81,713) - 563 9,414 383,140

Rvrmkt First & Main Rivermarket - - - - - - - - -

Santa Fe Santa Fe 626 - 5,109 2,663 (8,143) - (255) - -

Shoal Creek Shoal Creek 29,827,903 523,325 1,281,040 136,205 (8,360,610) - (52,370) (775,687) 22,579,807

Citadel Plaza Southtown 26,122 - - - - - - - 26,122

Southtown Southtown 20,246 2,625 - - - - (131) - 22,740

Southtown Project H Southtown - - 2,568 - (2,439) - (128) - -

Southtown A A1 D J K Southtown 337,938 15,747 1,448 6,420 - - (858) (155) 360,540

Southtown B Southtown 381,577 - (169) 1,879 - - - 169 383,457

Summit Summit - - - - - - - - -

Summit Pershing Summit 134,022 - 669 661 - - (33) - 135,318

Tower Prop SAF- Proj B Tower - - 4 - (4) - (0) - -

909 E. Walnut Tower - - 111 - (106) - (6) - -

Tower-Comm Bank Bldg Tower - - 7 - (7) - (0) - -

Universal Prop Universal 5,695,411 - 26,709 30,150 - - - (26,709) 5,725,561

West 17th Street West 17th St 77 - 44 326 (351) - (2) - 93

Projects Total 49,703,604$ 2,198,238$ 1,628,587$ 5,352,724$ (16,103,879)$ -$ (151,646)$ (1,008,187)$ 41,619,441$

7/31/2020

Project Name Plan

Beg Bal



Bonded Projects

1200 Main-Proj 1 SAF 1200 Main - -$ 30,278$ -$ -$ (28,764)$ (1,514)$ -$ -$

1200 Main-President-Prj 3 1200 Main - - 1,196 75,940 - (77,076) (60) - -

12th & Wyan 12th & Wyandotte 139 - - - - - - - 139

9th & Central 9th & Central - - 600 - - - (30) - 570

Blue Ridge Blue Ridge (0) 366,909 34,328 - - - (20,062) (381,175) -

Briarcliff West Briarcliff 2 36,621 35,205 - (7,083) - (3,207) (61,536) 2

Brush Crk Blue Pkwy Brush Creek 349,289 7,094 4,437 757 (349,289) (3,971) (378) - 7,939

Brush Creek Plaza Library Brush Creek - 1,360,068 1,795 - - (1,293,770) (68,093) - -

Brywood Center Brywood Center - - 14,167 - - - (708) (13,459) -

Chouteau & I-35 Chouteau - - 46,800 - - (44,460) (2,340) - -

CC Plaza-Valencia Pl Country Club Plaza 2,172 - 4,715 - - - (236) - 6,651

EVillage-JEDunn East Village - - 100 - - (100) - - -

KCI Corridor KCI Corridor 2,695 - 2,123,394 3,533,634 (3,533,634) - (106,170) (2,019,919) -

Linwood Shopping Ctr Proj 3 Linwood 83,215 - 3,607 415 - - (180) - 87,057

Midtown L/G Midtown - - 51,073 - - (48,541) (2,555) 22 -

Platte Purchse Platte Purchase - - 148,570 - - - (7,428) (141,141) -

Prospect North Prospect North - 5,319 - - - (2,527) (133) (2,660) -

Union Hill Union Hill 250,121 469,360 2,388 1,134,121 - - (21,241) (51,184) 1,783,566

Bonded Projects Total 687,633$ 2,245,371$ 2,502,652$ 4,744,867$ (3,890,007)$ (1,499,207)$ (234,335)$ (2,671,051)$ 1,885,924$

NID/Housing

11th Str Corr NID 11th St 299,114 -$ -$ 1,455$ (37,643)$ -$ -$ (9,924)$ 253,003$

Crossroads-NID 22nd & Main 315,319 - - 1,553 - - - (24,291) 292,582

Antioch Crossing - NID Antioch Crossing 870,087 - - 4,284 - - - (4,785) 869,586

Bannister/ I-435 NID Bannister - - - - - - - - -

Baltimore Place NID Baltimore Place 106,727 - - 527 - - - 4,337 111,591

CC Plaza Kirkwood NID Country Club Plaza 284,115 - - 1,399 - - - - 285,514

Heart of the City/ Troost NID Heart of City/ Troost NID 88,374 - 2 435 - - - (2) 88,809

North Oak NID North Oak 1,740,659 - - 8,573 - - - - 1,749,232

Summit NID Summit 172,066 - - 846 - - - (559) 172,353

NID/Housing Total 3,876,461$ -$ 2$ 19,072$ (37,643)$ -$ -$ (35,223)$ 3,822,670$

Special Funding Projects

1200Main/SLoop N Point 1200 Main - -$ -$ -$ -$ -$ -$ -$ -$

Bannister/ I-435 Edu Fund Bannister - - - - - - - - -

KCI Corr, Water Dept (Sewer) KCI Corridor - - - - - - - - -

Winchester Winchester 1,134,876 - - 4,303 (912,000) - - (7,463) 219,716

Special Funding Projects Total 1,134,876$ -$ -$ 4,303$ (912,000)$ -$ -$ (7,463)$ 219,716$

-

Total 55,402,574$ 4,443,609$ 4,131,241$ 10,120,967$ (20,943,529)$ (1,499,207)$ (385,981)$ (3,721,925)$ 47,547,749$

NID Surplus Project Exp Interest

Project Name

Beg Bal

5/1/2020 KCMO Jackson Co Clay Co Platte Co State of MO Other EATS

Contrib. and

other Jackson Co Clay Co Total

Developer

Reimb City

Restricted

Cash/

Transfers Admin Fee In(out)

PILOTs &

EATs

Project

Related

Expenses 7/31/2020

Projects

11th Street Corr 11th St 590,399 - - - - - 666 - 5,169 - 5,835 - - - (272) (33) (403) (2,229) 2,902 596,199

Blossom House 11th St - - - - - - 17 - - - 17 (330) - - (1) - - - 439 125

1200 Main-HR Block-Proj 2 1200 Main - - - - - - 556 - - - 556 (529) - - (28) - - - - -

1200 Main-Project 6 1200 Main 721,321 - - - - - - - (328,746) - (328,746) - - - 16,437 - - - 3,553 412,565

1200Main/SLoop N Pt Ph 2 1200 Main - - - - - - - - - - - - - - - - - - - -

1200Main/SLoop Proj 13/14 1200 Main - - - - - - 4 - - - 4 (4) - - (0) - - - - -

12TH & Wyan Aladdin 12th & Wyandotte 520 - - - - - 148 - (414,171) - (414,023) 393,462 - - 20,701 - - - 2,209 2,869

13th & Washington 13th & Washington 372 - - - - - 53 - - - 53 (1,551) - - (3) - - - 1,614 485

19th Terr @ Central 19th Ter. & Central 219,807 - - - - - 155 - 108,694 - 108,849 - - - (5,442) - - (5,755) 1,067 318,525

22nd & Main Prj 16 & 21 22nd & Main - - - - - - - - - - - - - - - - - - - -

22nd & Main Prj 21 Jacob Bld22nd & Main - - - - - - 1,098 - 43,015 - 44,112 - - - (2,206) - - - - 41,907

22nd & Main Prj 22 Crmry Bld22nd & Main 112,153 - - - - - 25 - - - 25 (112,416) - - (1) (3) - - 243 -

22nd & Main Prj 28 Candle Bld22nd & Main 175,064 - - - - - 154 - - - 154 (175,572) - - (8) (19) - - 379 -

C/R-Botwin 22nd & Main - - - - - - 315 - 29,531 - 29,846 - - - (1,492) (3,581) - - - 24,772

C/R-Levitt 22nd & Main - - - - - - 3 - - - 3 - - - (0) - - - - 3

C/R-Marietta Chair 22nd & Main - - - - - - - - - - - - - - - - - - - -

C/R-McFamily 22nd & Main - - - - - - 598 - - - 598 - - - (30) - - - - 568

C/R-Rainen 22nd & Main 93,145 - - - - - - - - - - (93,347) - - - - - - 202 -

C/R-Safeway Bldg. 22nd & Main - - - - - - 8 - 2,941 - 2,949 - - - (147) - - - - 2,801

Lidia's 22nd & Main - - - - - - 6,266 - 127,194 - 133,460 - - - (6,673) - - (84) - 126,704

Stuart Hall/Morr Tfer 22nd & Main 331,823 - - - - - 56 - - - 56 (332,957) - - (3) (7) - - 1,234 147

39th & Prospect- Aldi 39th & Prospect - - - - - - 1,497 - - - 1,497 (1,422) - - (75) - - - - -

811 Main 811 Main - - - - - - 139 - - - 139 (132) - - (7) - - - - -

87th and Hillcrest 87th & Hillcrest - - - - - - 16,125 - - - 16,125 (15,318) - - (806) - - - - -

Americana Americana - - - - - - - - - - - - - - - - - - - -

Antioch Crossing Antioch Crossing - - - 50,624 - - 14,284 - - - 64,908 (61,663) - - (3,245) - - - - -

Antioch Mall Project 10 Antioch Mall 457,353 - - 4,064 - - 1,376 162 - - 5,602 - - - (272) - - (18,544) 2,258 446,397

Arlington Road TIF Arlington Road - - - - - - 307 4,600,000 - - 4,600,307 (3,867,432) - - (15) - - - - 732,859

Baltimore Place Baltimore Place - 7,731 - - - - 72 - 78,925 - 86,727 (65,289) - - (4,336) (4,336) - (12,765) - -

Baltimore Place project 3 Baltimore Place - - - - - - 18 - - - 18 (16) - - (1) (1) - - - -

Bannister/ I-435 Bannister/ I-435 - - - - - - 1,630 - 1,825,024 - 1,826,654 (1,735,321) - - (91,333) - - - - -

Bannister/ Wornall Bannister/ Wornall - - - - - - 108 - - - 108 (103) - - (5) - - - - -

Barrytowne Barrytowne (0) - - 5,393 - - 17,713 - - - 23,105 (5,855) - - (397) - (15,165) (1,688) - -

Carondelet Drive Carondelet - - - - - - 130 - - - 130 (123) - - (6) - - - - -

Chouteau, prj 3 Chouteau 801,288 - - 5,397 - - 850 - - - 6,246 - - - (312) - (143,000) (4,378) 3,545 663,389

Chouteau, prj 4 Chouteau 78,228 - - - - - - - - - - - - - - - - - 385 78,614

Commerce Twr Village Prj 1 Commerce Twr Vlge 29,712 - - - - - 154 - - - 154 - - - (8) - - - - 29,858

C/M-Vista Del Rio Country Club Plaza 1,248 - - - - - - - - - - - - - - - - - - 1,248

CC Plaza-Project 7 Country Club Plaza 346 - - - - - 133 - - - 133 - - - (7) - - - - 472

CC Plaza-Saks Country Club Plaza - - - - - - - - - - - - - - - - - - - -

CC Plaza-Seville Sq Country Club Plaza (0) - - - - - 3,314 - - - 3,314 (3,148) - - (166) - - - - (0)

Kirkwood Circle Country Club Plaza 201,171 - - - - - - - (4,297) - (4,297) - - - 215 - - - 991 198,079

Downtown Library Dist Downtown Library 630,678 - - - - - - - - - - - - - - - - (1,053) 5,496 635,121

Gateway Gateway - - - - - - - - - - - - - - - - - - - -

Western Union Bld Grand Ave - - - - - - 189 - - - 189 (601) - - (9) - - - 590 168

Hickman Mills Hickman Mills - - - - - - - - 720 - 720 - - - - - (720) - - -

City Center Square Prj B&C Hotel Phillips 696 - - - - - 1,786 - - - 1,786 - - - (89) - - - - 2,393

Hotel Phillips Hotel Phillips 130,438 - - - - - 1,559 - - - 1,559 (1,481) - - (78) - - - 642 131,080

Judicial Square Judicial Square (537) - - - - - 4 - - - 4 - - - - - - - - (534)

Linwood Shopping Center Proj 4 KCMoLinwood 933,386 - - - - - - 502,000 - - 502,000 (744,235) - - - - - - 4,885 696,036

New England Bank New England Bank (1,818) - - - - - 4 - 16,606 - 16,610 (14,983) - - (831) - - (767) 1,788 -

New York Life New York Life 14,177 - - - - - - - - - - - - - - - - (84) - 14,093

North Oak North Oak - - - 37,080 - - 54,309 - - 35,998 127,387 (75,453) - - (6,369) - - - - 45,565

North Oak Trfwy Pro North Oak 1,644,918 - - 3,631 - - 2,014 - - - 5,646 - - - (282) - - (605) 8,105 1,657,781

Parvin Rd Corridor Parvin Road 4,992,558 - - 35,177 - - 28,776 - - 7 63,960 (729,346) - - (3,198) - - - 23,059 4,347,033

Pershing (IRS) Pershing Road - - - - - - 5,329 - - - 5,329 (5,329) - - - - - - - -

Expenditures - FY 20-21Deposits FY 20-21

EATS PILOTS Debt SVC

NID Surplus Project Exp Interest

Project Name

Beg Bal

5/1/2020 KCMO Jackson Co Clay Co Platte Co State of MO Other EATS

Contrib. and

other Jackson Co Clay Co Total

Developer

Reimb City

Restricted

Cash/

Transfers Admin Fee In(out)

PILOTs &

EATs

Project

Related

Expenses 7/31/2020

Projects

Expenditures - FY 20-21Deposits FY 20-21

EATS PILOTS Debt SVC

4th & Locust, LLC Rivermarket - - - - - - 13 - - - 13 (12) - - (1) - - - - -

River Market Rivermarket 647,340 - - - - - - - 152,438 - 152,438 - - - (7,622) - - - 3,181 795,336

Rivermarket Prj 5-7 9-10 Rivermarket 473,893 - - - - - - - (22,507) - (22,507) (81,713) - - 563 - 11,254 (1,840) 3,491 383,140

Rvrmkt First & Main Rivermarket - - - - - - - - - - - - - - - - - - - -

Santa Fe Santa Fe 626 - - - - - 5,109 - - - 5,109 (8,143) - - (255) - - - 2,663 -

Shoal Creek Shoal Creek 29,827,903 807,733 - 357,612 - - 115,695 0 - 523,325 1,804,365 (8,360,610) - - (52,370) - (756,976) (18,712) 136,205 22,579,807

Citadel Plaza Southtown 26,122 - - - - - - - - - - - - - - - - - - 26,122

Southtown Southtown 20,246 - - - - - - - 2,625 - 2,625 - - - (131) - - - - 22,740

Southtown Prj H Southtown - - - - - - 2,568 - - - 2,568 (2,439) - - (128) - - - - -

Southtown A A1 D J K Southtown 337,938 - - - - - 1,448 - 15,747 - 17,195 - - - (858) - (30) (125) 6,420 360,540

Southtown B Southtown 381,577 - - - - - (169) - - - (169) - - - - - 169 - 1,879 383,457

Summit Summit - - - - - - - - - - - - - - - - - - - -

Summit Pershing Summit 134,022 - - - - - 669 - - - 669 - - - (33) - - - 661 135,318

Tower Prop Prj B Tower - - - - - - 4 - - - 4 (4) - - (0) - - - - -

909 E. Walnut Tower - - - - - - 111 - - - 111 (106) - - (6) - - - - -

Tower-Comm Bank Bldg Tower - - - - - - 7 - - - 7 (7) - - (0) - - - - -

Universal Universal 5,695,411 - - - - - 26,709 - - - 26,709 - - - - - (26,709) - 30,150 5,725,561

West 17th Street West 17th St 77 - - - - - 44 - - - 44 (351) - - (2) - - - 326 93

Projects Total 49,703,604 815,464 - 498,978 - - 314,145 5,102,162 1,638,907 559,331 8,928,987 (16,103,879) - - (151,645) (7,980) (931,580) (68,627) 250,562 41,619,441

Bonded Projects

1200 Main Proj 1 1200 Main - - - - - - 30,278 - - - 30,278 - (28,764) - (1,514) - - - - -

1200 Main-President Prj 3 1200 Main - - - - - - 1,196 75,940 - - 77,136 - (77,076) - (60) - - - - -

12th & Wyan 12th & Wyandotte 139 - - - - - - - - - - - - - - - - - - 139

9th & Central 9th & Central - - - - - - 600 - - - 600 - - - (30) - - - - 570

Blue Ridge Blue Ridge (0) - - - - - 34,328 - 366,909 - 401,237 - - (381,175) (20,062) - - - - -

Briarcliff West Briarcliff 2 - - 19,550 - - 15,655 - - 36,621 71,826 (7,083) - (61,536) (3,207) - - - - 2

Brush Creek Plaza Library Brush Creek - - - - - - 1,795 - 1,360,068 - 1,361,863 - (1,293,770) - (68,093) - - - - -

Brush Crk Blue Pkwy Brush Creek 349,289 - - - - - 4,437 - 7,094 - 11,531 (349,289) (3,971) - (378) - - - 757 7,939

Brywood Center Brywood Center - - - - - - 14,167 - - - 14,167 - - (13,459) (708) - - - - -

Chouteau & I-35 Chouteau - - - 36,547 - - 10,252 - - - 46,800 - (44,460) - (2,340) - - - - -

CC Plaza-Valencia Pl Country Club Plaza 2,172 - - - - - 4,715 - - - 4,715 - - - (236) - - - - 6,651

EVillage-JEDunn East Village - - - - - - 100 - - - 100 - (100) - - - - - - -

KCI Corridor KCI Corridor 2,695 1,004,939 - - 1,118,455 - - 3,533,634 - - 5,657,028 (3,533,634) - (2,019,919) (106,170) - - - - -

Linwood Shop Ctr Prj 3 Linwood 83,215 - - - - - 3,607 - - - 3,607 - - - (180) - - - 415 87,057

Midtown L/G Midtown - - - - - - 51,073 - - - 51,073 - (48,541) - (2,555) - 22 - - -

Platte Purchse Platte Purchase - - - 118,366 - - 30,203 - - - 148,570 - - (141,141) (7,428) - - - - -

Prospect North Prospect North - - - - - - - - - 5,319 5,319 - (2,527) - (133) - (2,660) - - -

Union Hill Union Hill 250,121 - - - - - 2,388 1,131,133 469,360 - 1,602,882 - - - (21,241) - (46,936) (4,248) 2,988 1,783,566

Bonded Projects Total 687,633 1,004,939 - 174,463 1,118,455 - 204,795 4,740,707 2,203,431 41,940 9,488,731 (3,890,007) (1,499,207) (2,617,230) (234,335) - (49,573) (4,248) 4,159 1,885,924

NID/Housing

11th Str Corr NID 11th St 299,114 - - - - - - - - - - (37,643) - - - 33 - (9,957) 1,455 253,003

Crossroads NID 22nd & Main 315,319 - - - - - - - - - - - - - - 3,610 - (27,901) 1,553 292,582

Antioch Crossing NID Antioch Crossing 870,087 - - - - - - - - - - - - - - - - (4,785) 4,284 869,586

Bannister/ I-435 NID Bannister - - - - - - - - - - - - - - - - - - - -

Baltimore Place NID Baltimore Place 106,727 - - - - - - - - - - - - - - 4,337 - - 527 111,591

CC Plaza Kirkwood NID Country Club Plaza 284,115 - - - - - - - - - - - - - - - - - 1,399 285,514

Heart of City/ Troost NID Heart of City/ Trost 88,374 - - - - - 2 - - - 2 - - - - (2) - - 435 88,809

North Oak NID North Oak 1,740,659 - - - - - - - - - - - - - - - - - 8,573 1,749,232

Summit NID Summit 172,066 - - - - - - - - - - - - - - - - (559) 846 172,353

NID/Housing Total 3,876,461 - - - - - 2 - - - 2 (37,643) - - - 7,978 - (43,202) 19,072 3,822,670

Special Funding Projects

1200Main/SLoop N Point 1200 Main - - - - - - - - - - - - - - - - - - - -

Bannister/ I-435 Edu Fund Bannister - - - - - - - - - - - - - - - - - - - -

KCI Corr, Water Dept (Sewer)KCI Corridor - - - - - - - - - - - - - - - - - - - -

Winchester Winchester 1,134,876 - - - - - - - - - - (912,000) - - - - - (7,463) 4,303 219,716

Special Funding Projects Total 1,134,876 - - - - - - - - - - (912,000) - - - - - (7,463) 4,303 219,716

Total 55,402,574$ 1,820,403$ -$ 673,441$ 1,118,455$ -$ 518,942$ 9,842,869$ 3,842,337$ 601,271$ 18,417,719$ (20,943,529)$ (1,499,207)$ (2,617,230)$ (385,979)$ (2)$ (981,153)$ (123,540)$ 278,097$ 47,547,749$

Certified Outstanding

Project Costs Payments Balance

11th St11th Street Corr #160 82,796,977$ 77,296,977$ 5,500,000$

Blossom House #690 SAF/ Proj B/ Walnut Creek Ranch 2,064,374 451,811 1,612,232

11th St Total 84,861,351 77,748,789 7,112,232

1200 Main1200 Main-HR Block-Proj 2-#702 133,021,349 79,352,617 53,668,203

1200Main/SLoop N Point Phase 2 11,243,563 5,907,487 5,336,076

1200Main/SLoop Proj 13/14 SAF 4,800,000 2,245,242 2,554,754

1200 Main Total 149,064,911 87,505,346 61,559,033

12th & Wyandotte12TH & Wyan Aladdin 4,733,883 2,881,236 2,246,109

12th & Wyandotte Total 4,733,883 2,881,236 2,246,109

22nd & Main22nd & Main Prj 22 Creamery Building 1,549,193 1,002,568 434,209

22nd & Main Project 28 Candle Bldg 2,254,505 1,485,661 593,273

C/R-Rainen #464 SAF Prj 12,13 2,532,390 2,079,432 359,611

Stuart Hall/Morr Tfer #468 SAF Prj 24 6,220,900 4,603,488 1,284,454

22nd & Main Total 12,556,987 9,171,149 2,671,546

39th & Prospect39th & Prospect Aldi Store 3,453,079 879,246 2,572,412

39th & Prospect Total 3,453,079 879,246 2,572,412

811 Main811 Main 4,744,912 2,509,710 2,235,070

811 Main Total 4,744,912 2,509,710 2,235,070

87th & Hillcrest87th and Hillcrest 14,023,651 8,909,847 5,098,486

87th & Hillcrest Total 14,023,651 8,909,847 5,098,486

9th & Central9th & Central 17,489,444 996,723 16,492,721

9th & Central Total 17,489,444 996,723 16,492,721

Antioch CrossingAntioch Crossing 27,707,030 8,335,357 19,310,010

Antioch Crossing Total 27,707,030 8,335,357 19,310,010

Arlington RoadArlington Road TIF 6,070,426 388,197 1,814,797

Arlington Road Total 6,070,426 388,197 1,814,797

Baltimore PlaceBaltimore Place 1,897,229 1,225,572 606,368

Baltimore Place project 3 2,767,065 424,250 2,342,799

Baltimore Place Total 4,664,294 1,649,821 2,949,167

Bannister and 435 (Cerner)Bannister and 435 (Cerner) 290,701,690 29,550,010 259,416,359

Bannister and 435 (Cerner) Total 290,701,690 29,550,010 259,416,359

Bannister/ WornallBannister/ Wornall 25,735,842 3,149,763 22,585,976

Bannister/ Wornall Total 25,735,842 3,149,763 22,585,976

BarrytowneBarrytowne #260 SAF 24,838,727 22,033,343 2,799,528

Barrytowne Total 24,838,727 22,033,343 2,799,528

BriarcliffBriarcliff West #080 SAF 68,152,043 48,736,722 19,408,238

Briarcliff Total 68,152,043 48,736,722 19,408,238

Brush CreekBrush Crk Blue Pkwy #450 SAF 2,173,295 1,356,048 467,957

Brush Creek Total 2,173,295 1,356,048 467,957

CarondeletCarondelet Drive TIF Plan 9,300,013 2,708,252 6,591,638

Carondelet Total 9,300,013 2,708,252 6,591,638

Commerce Tower Village Commerce Tower Village 6,872,574 6,872,574

Commerce Tower Village Total 6,872,574 6,872,574

Country Club PlazaCountry Club Plaza 12,598,629 9,315,613 3,279,868

Country Club Plaza Total 12,598,629 9,315,613 3,279,868

GatewayGateway #300 SAF 27,618,201 7,000,169 20,618,032

Gateway Total 27,618,201 7,000,169 20,618,032

Grand AveWestern Union Bldg #600-SAF 2,562,740 854,748 1,707,391

Grand Ave Total 2,562,740 854,748 1,707,391

Schedule of Developer Obligations

July 31, 2020

Certified Outstanding

Project Costs Payments Balance

Hickman MillsHickman Mills #125 SAF 149,578,902 29,216,940 120,361,962

Hickman Mills Total 149,578,902 29,216,940 120,361,962

Hotel PhillipsCity Center Square - Projects B & C 6,327,952 546,324 5,781,628

Hotel Phillips Total 6,327,952 546,324 5,781,628

Judicial SquareJudicial Square 698,261 615,204 83,057

Judicial Square Total 698,261 615,204 83,057

LinwoodLinwood 3,432,913 1,472,265 1,216,413

Linwood Total 3,432,913 1,472,265 1,216,413

Metro North CrossingMetro North Crossing 19,063,708 19,063,708

Metro North Crossing Total 19,063,708 19,063,708

New England BankNew England Bank 2,532,305 1,945,918 571,404

New England Bank Total 2,532,305 1,945,918 571,404

Pershing RoadPershing (IRS) 183,336,786 109,304,729 74,026,728

Pershing Road Total 183,336,786 109,304,729 74,026,728

Rivermarket4th & Locust, LLC #501-SAF 759,119 736,182 22,925

Rvrmkt First & Main SAF #760 3,881,018 3,091,723 789,295

Rivermarket Total 4,640,137 3,827,905 812,220

Santa FeSanta Fe #170 SAF 20,648,508 4,513,184 16,127,182

Santa Fe Total 20,648,508 4,513,184 16,127,182

SouthtownSouthtown Project H 3,033,102 891,534 2,139,128

Southtown Total 3,033,102 891,534 2,139,128

TowerTower Prop #280 SAF- Proj B 8,027,718 1,108,638 6,919,077

Tower Prop #280 SAF- Proj H 6,553,241 382,054 6,171,081

Tower-Comm Bank Bldg #286 SAF 14,480,096 1,228,176 13,251,912

Tower Total 29,061,055 2,718,868 26,342,071

Union HillUnion Hill #390 SAF 505,126 331,623 173,503

Union Hill Total 505,126 331,623 173,503

West 17th StWest 17th Street 7,343,570 1,154,567 6,188,652

West 17th St Total 7,343,570 1,154,567 6,188,652

Grand Total 1,230,126,047$ 482,219,150$ 740,696,799$

Tax Increment Financing Commission of Kansas City ... · 6/17/2020 THE FOLLY THEATER 7002155...

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Transcript of Tax Increment Financing Commission of Kansas City ... · 6/17/2020 THE FOLLY THEATER 7002155...