development agreement compliance 2015
TRANSCRIPT
Development Agreement Compliance 2015
Economic Development, Planning & Zoning Department
Development AgreementCompliance 2015
CITY OF BELLEVILLE, ILLINOIS ANNUAL CERTIFICATION OF COMPLIANCE
WITH DEVELOPMENT AGREEMENT Name: Fiscal Year*: 2014-2015 (Entity or Individual that is party to Development Agreement) Address: Phone: (Project Location) Fax: Email: Due Date: October 31, 2015 The undersigned does hereby declare and certify, under penalties of perjury as provided by applicable law, as follows:
I am a duly authorized agent of the above-referenced entity or individual that is a party to a Development Agreement with the City of Belleville, Illinois entered into on ;
The above-referenced entity or individual has invested $ at during the aforementioned fiscal year as required by the Development Agreement;
The above-referenced entity or individual has retained Full Time Equivalent (FTE)
jobs during the aforementioned fiscal year as required by the Development Agreement;
The above-referenced entity or individual has created FTE jobs during the aforementioned fiscal year as required by the Development Agreement;
The above-referenced entity or individual has generated $ in sales subject to sales tax during the aforementioned fiscal year as required by the Development Agreement;
The above-referenced entity or individual or any heirs or successors to the original incentive recipient remained and operated at the site during the aforementioned fiscal year as required in the Development Agreement: Yes No;
Those entities or individuals receiving a rebate on incremental property taxes, facade improvement, demolition, or other TIF eligible expenses must submit proof of payment to receive the rebate as identified in the Development Agreement;
The foregoing entity or individual is otherwise compliant with the aforementioned Development Agreement in all material respects.
*The term "fiscal year" is defined as the 12 months preceding the most recent anniversary of the date of the development agreement.
Date:_________________ By:_________________________________ Name:______________________________ Title:_______________________________
Return form to: Eric Schauster, Assistant Director Economic Development, Planning & Zoning City of Belleville 101 S. Illinois St. Belleville, IL 62220 [email protected]
Annual Certification of Compliance with Development Agreement.
Process began in 2014. Formalization of pre-existing practice.
Reports submitted annually by approval date for the life of the agreement.
Development AgreementCompliance 2015
21 Reports Filed for 2014-2015 5 Relocations Within Belleville.7 Expansions at Existing Locations.9 New Businesses/Developments.
.8 Vacant Buildings Occupied/Derelict Structures
Demolished.2 Company HQs Relocated to Belleville.
Development AgreementCompliance 2015
Sales Tax Ex-emptions*
TIF Rebates Demolition$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$25,505
$293,406
$175,000
Incentives Issued 2014-2015
Total Incentives Issued 2014-2015: $493,911City obligation complete on 13 of 21 projects.
*If all building materials were purchased in Belleville.
Development AgreementCompliance 2015
Required Reported$4,100,000
$4,200,000
$4,300,000
$4,400,000
$4,500,000
$4,600,000
$4,700,000
$4,322,000
$4,628,606Private Investment (4 Reports)
$ 306,606Additional Investment
Development AgreementCompliance 2015
PT Required PT Reported FT Required FT Reported0
50
100
150
200
250
300
33 32
197
254
Jobs (12 Reports)
+57 FT - 1 PT Additional JobsCompany that fell short on part time employees hired additional full time employees instead.
Development AgreementCompliance 2015
Required Reported$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$25,419,615
$60,944,687
Sales Subject to Sales Tax (8 Reports)
$35,525,072 Additional Sales
Development AgreementCompliance 2015
Anticipated Per Reporting$0
$100,000$200,000$300,000$400,000$500,000$600,000$700,000$800,000
$329,459
$691,532
Sales Tax Generated (8 Reports)
$362,073 Additional City Sales Tax
Development AgreementCompliance 2015
Incentives Issued Taxes Generated$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$493,911
$1,015,665
Incentives Issued vs. Taxes Generated
Sales Taxes & TIF Incre-ment
$521,754 Net Gain
What You’re Getting For Your Investment:
O.C. Joseph Retention/Expansio
n
The EDGE Expansion
Ben’s Crafts & Floral Expansion
Chelar Tool & Die Expansion
New Ameren Training Facility New Ruler Foods
Store
Lindenwood University4204 Main Street Brewing Company
New Plumbers & Pipefitters
Training Facility
Partnerships = Progress
MAC Medical Before
MAC Medical After
•New company HQ in downtown.
•Complete building renovation.
•New showroom to bring clients to Belleville.
•New jobs to Belleville.
Success Story: Cottages at Cathedral Square
Before
After
•Long-time vacant buildings demolished.
•New senior living facility in downtown.
•Fully occupied with a waiting list.
•Improved aesthetics and perception.
Before and After:Replacement Services & Peer 151/Rehab of Old YMCA site.
•Success at the site has inspired the St. Louis Regional Chamber to bring a Developer Tour to Belleville in 2017.
Before
After
Marketplace Shopping Center6401 West Main St.
Before After•Sales have increased since renovations began.
•Project has spurred other development and investment in the area.
Development AgreementCompliance 2015
For more information, please contact:
Eric SchausterAssistant DirectorEconomic Development, Planning & Zoning
DepartmentCity of Belleville618-233-6810, Ext. [email protected]