NO Annexation or Tax Increment Financing for 450+ Home Development in Boonville School District

I am a real estate broker and resident in this area for 25+ years and have ” sold” the great, peaceful life style we enjoy with good schools and low crime. I’m the first to welcome new developments to continue to promote our good quality of life in Boonville and surrounding rural areas. My concern is our ability to maintain Boonville’s integrity and positive growth with the use of City’s resources in the form of TIF funding in support of a private development of residential properties. We currently have 82 lots available in the city limits and 75 lots in Cooper County available The impact to our public schools, proposed increased city services would create another heavy debt to our taxpayers. Lenders indicate the average buyer to qualify to purchase of $200,000 home requires minimum household income of $60,000 annually with a good credit score, not more than 34% debt to income ratio with a down payment of 5%. Statics of 2019 show Cooper County media income is $45,000, Boone County media income is $58,000 Interest rates for home loans have remained very steady for past 2.5 years, but now rates are rising. We are all living in an uncertain time and should be good stewards of our tax resources.

Let's be responsible with our growth and use of tax dollars.

I am very opposed to the land development because of a lot of reasons, one of which is the TIF and the revenue that will cost the school district. Another reason is the negative effect it will have on Highway 98 and the surrounding area.

I would encourage all to study and fully understand what and how TIF works. This land doesn't seem to fit what TIF should be used for. From the National Housing Conference..."However, when TIFs are established in areas already increasing in value, the “natural growth” of the property tax revenue is captured by the TIF district and diverted away from other public priorities—such as education and safety—toward economic development. This analysis suggests that TIFs are most cost effective when adopted in areas with declining property values." I certainly don't believe the property values in this area are declining in its current state.

Hwy 98 is not made to have that kind of traffic.

Please vote no

Any individuals interested in becoming a committee member of the Boonville Area Residents for Responsible Development is encouraged to contact us at [email protected] In order to create the most dynamic committee possible, we would like to request the following members to add to our team: 2 Members with a primary residence in Boonville City Limits 2 Members with a primary residence located directly on Highway 98 2 Members with personal interest in, or are employed by the Boonville School District 1 Boonville area resident, preferably in the Highway 98 area, whose primary career involves farming or agriculture 1 Boonville area resident with a background in finance, and a thorough understanding of Tax Increment Funding. Please email us at [email protected] with the following: Name: Address: Qualifying Reason (As shown above):

This would be devastating to the public school district if we should get more students with no funds to support them.

Wow, I believe this has been done in several communities and has failed to provide for the Resources the city should be providing as well as school systems overloaded as well as the students grades going down do to the overcrowding of the Facility!

NO WAY!! They cant even maintain the last area on Jefferson Road that they forcefully annexed residents into!!!

We do not need a development of this size on Highway 98! It will compound the already heavy load of traffic we now have to deal with on this little farm road. It is already too dangerous for the farmers that travel back and forth to fields, which is what the road is designed for!

I also believe that the cost of infrastructure such as streets, water and sewer should be on the contractor as it was on grace lane when it was put in. No cost to the city especially if TIF funds are being considered

I do not believe the market supports such an expansive development at the price points indicated. Housing is needed but at lower price points. Highway 98 cannot support that kind of traffic. I do not believe that this project can come to successful completion and taxpayers will be left to pay for it.

Keep our community beautiful without stack homes!

There is no way hwy 98 could handle this much traffic.

The snow plow went off the road at the curve where this development will be placed in the storm this week. The road is that dangerous. Highway 98 is not designed to carry traffic from all these houses. There is also an airport in the middle of this proposed development and there was a fatal plane crash a couple of years ago where the plane crashed on Highway 98 as it tried to land at the airport. If houses had been built on what is now a pasture, the plane probably would have landed in a house. This just doesn't seem like a very good idea unless there is lots of road work before development!! I know that is not in the Missouri Transportation Department long range plans.

I dont think that the TIF is appropriate method to fund residential development particularly risky developments. City Infrastructure costs are too expensive to give away to developers as a way to pay for their original investment. In addition to the concerns mentioned regarding schools, roads, and police, and security issues, I just don’t see that building a large residential area right next to the airport is particularly smart especially when there are other multiple residential areas in development.

A feasability study needs to be done on Hwy 98 to see how much traffic it currently has and how much it can hold. The cost of this should be Troy Thurman's or the city of Boonville. Also, their are numerous subdivisions starting in Boonville. Where are all of the homeowners going to come from?

TIF to much of a gamble for our schools