Economic developmentwork
Download as PPTX, PDF
0 likes204 views
This document summarizes funding sources and development projects for site preparation, transportation, industry, business, and downtown development in Park Hills. It outlines over $18 million from grants, state funds, taxes, and private investment for infrastructure projects like bridges, sewers, trails, and interchanges. Developments aim to fill industrial parks, recruit retailers, retain manufacturers, and revitalize downtown through new businesses, buildings, and street improvements. Annexations also position the city for future residential and commercial growth.
Economic developmentwork
- 2. Site Preparation and Transportation Development 1. Parkway interchange 2. Parkway easements, land sale terms and Hwy. 8 truck route 3. Woodlawn outer road and Fairgrounds interchange 4. LaMear property options and donations
- 8. Project Finance 1. Grants and donations to the city a. E. Elvins Bridge: $250,000 b. Downtown Phase 2: $195,800 + $29,900 c. Fairgrounds Sewer: $70,700 d. Industrial Rail Refurbishing: $80,000 e. Columbia Park Beautification: $6,000 f. Columbia Park Trail: $25,500 g. Housing Site Re-use: $79,900 h. Flat River Pedestrian Bridge: $124,000 i. Employment Security building: $400,000 j. Total: $1,261,800
- 11. Other Funding 2. MODOT & FHWA financing total: $16,157,800 a. STP funds for E. Elvins bridge: $157,800 b. Parkway interchange: $8,000,000 c. Woodlawn outer road: $1,000,000 d. Fairgrounds interchange: $7,000,000 3. Road District financing total to date: $450,000 a. Seventh Street bridge: $450,000 b. Commerce Street bridge future project estimate: $325,000
- 13. TIF and Sales Tax 4. TIF funds: TIF 2= $343,722 + TIF 3=$190,966 + TIF 4= $113,256 Total= $761,200 5. TDD added revenue: $98,190 6. Developer investment: $250,000 7. New Park & Stormwater sales tax revenue: $1,643,012 8. Sales tax increases
- 14. SALES TAX HISTORY 2003-2008 Five Year Sales Tax History 1,650,000 1,600,000 1,550,000 1,500,000 Dollars 1,450,000 1,400,000 1,350,000 1,300,000 1,250,000 1,200,000 03-04 04-05 05-06 06-07 07-08 Year General 569,881 603,249 630,342 610,917 680,866 Transport 263,214 279,413 290,843 280,794 313,609 Capital 263,179 279,414 290,843 280,794 313,610 Park 265,361 279,509 291,088 280,910 313,577 1,361,635 1,441,585 1,503,116 1,453,415 1,621,662 Fiscal Year 03-04 04-05 05-06 06-07 07-08
- 15. Retail Recruitment and Growth 1. Hand Properties, Inc. 2. J.G. Grewe 3. Other regional developers 4. Overberg 5. Ray Johnson 6. Slug Hefner 7. Grobe
- 17. Industry Retention and Expansion 1. Flat River Glass & City IDA 2. Missouri Stencil 3. Lee Mechanical 4. Raider Mechanical 5. Bulk Tank Inc. 6. Fireside Group Sportsplay 7. MOCAP and MAC Industrial Training Consortium
- 19. Downtown Revitalizing 1. Country Mart 2. Added downtown businesses 3. Library building 4. Roundabout 5. Downtown parking lot and Coffman St. widening 6. Reorganized Downtown Park Hills Assoc.
- 23. Small Business Retention & Growth 1. Marler Music 2. Subway 3. Bauman BP 4. Bargain Mart Jewelry & Pawn 5. Mineral Area Office Supply 6. Turner Chevrolet 7. Artistic Images
- 24. City Representation 1. Contacts with staff for U.S. Senators and Rep. Emerson 2. Missouri DED industrial recruitment leads 3. St. Francois County IDA Secretary 4. St. Francois Environmental Corp. Director 5. SEMO Transportation Advisory Committee Secretary 6. City web site links and lead reports 7. Location One internet marketing of commercial sites 8. Park Hills Chamber of Commerce
- 25. Annexations 1. Roseners 2. St. Francois County Fairgrounds 3. Mineral Area College (Green farm and B&B property) 4. Southeast area involuntary annexation plan
- 27. Summary Grants: $1,261,800 Interchange construction: $16,157,800 Natl. developer investment: $250,000 Regional developer: J.G. Grewe Local developers: Johnson, Hefner, Hufford TIF & TDD funds: $761,200 + $98,190 Park & Stormwater taxes: $1,643,012 Filling industrial park & revitalizing downtown Annexations for future growth and development