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Jefferson Parkway Public Highway Authority Bidder Information Conference December 14, 2010

Jefferson Parkway Public Highway Authority Bidder Information Conference December 14, 2010. Introduction. Authority Member Jurisdictions City of Arvada – Population 110,000 Home rule municipality Jefferson County – Population 536,992 Colorado’s 4th largest county

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Jefferson Parkway Public Highway Authority Bidder Information Conference December 14, 2010

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  1. Jefferson Parkway Public Highway AuthorityBidder Information ConferenceDecember 14, 2010

  2. Introduction • Authority Member Jurisdictions • City of Arvada – Population 110,000 • Home rule municipality • Jefferson County – Population 536,992 • Colorado’s 4th largest county • City and County of Broomfield – Population 56,000 • Home rule City and County • With Lafayette, member of Northwest Parkway Public Highway Authority.

  3. Introduction (continued) • Authority Consultants • Program Manager – PB Americas-led team • Stantec • Public Financial Management • General Counsel – Icenogle Seaver & Pogue

  4. Goals of the Authority • Improve regional mobility • Complete the last unbuilt segment of the Denver metro beltway, 10 miles between SH128 and SH93 • Provide multi-modal capacity • Complete the Parkway without State or Federal funding • Reduce air pollution in the Denver metro area • Create an equitable, fair public-private partnership • Stimulate economic development in the northwest quadrant of the Denver metro area

  5. Jefferson Parkway Project Scope

  6. The Parkway Project

  7. Phase 1 (Initial Parkway Project) • Approximately 10 miles from SH128 to SH93 • 3 partial interchanges • 6 structures

  8. Jefferson Parkway Project Corridor • Full Build (red) • RTP Related Improvements (purple)

  9. Jefferson Parkway Project ROW • Blue: Authority ROW • Green: Rocky Flats ROW in Processor property obligated contractually • Magenta: Other ROW in Process

  10. Overall Project Schedule

  11. CDOT Interchange Process 1601 System Level Analysis (Completed) SH 93 EA CDOT & DRCOG Approvals (Completed) Preliminary Engineering & NEPA Approval Process SH 72 EA SH 128 EA Air Quality Conformity + Fiscally Constrained RTP (Completed)

  12. Public Process To Date

  13. The Private Partner is expected to fund all Costs to Finalize Plans and Obtain Construction Approval, Estimated at $8 million.

  14. Project Revenue and Costs

  15. Traffic & Revenue Projections Stantec Forecast used in PFM Revenue Analysis (spring 2009) Estimated Revenue Impacts from: Planned Upgrades to Interlocken Loop Highway Connection Outlined in Brisa/NWP Contract

  16. Corridor Economic Development • Anthem • Avista and Exempla Hospitals • Conoco Phillips Research Campus • Flatiron Mall & Retail Center • Interlocken Office Park • Rocky Mountain Airport Development • Candelas

  17. Renewable Energy Companies Future Jefferson Parkway

  18. Estimated Parkway Costs • Initial Project Costs: • Authority Costs During PCA Term: $8m • Project Costs: $204m • Ongoing Project Costs • O&M Costs: $6m/yr (2020) • Expansion Costs: $164m • Roadway Rehabilitation: $18m • Tolling Equipment Replacement: $45m Over first 35 years of operation

  19. Authority and Procurement Structures

  20. JPPHA - ENABLING LAW • Public Highway Authority Law (43-4-501, et seq., C.R.S.) • Jefferson Parkway PHA - Not an agency of the State - Independent unit of government - Governed by a board of directors with 2 votes per member

  21. JPPHA - POWERS • Concession • Eminent domain • Tolling • Toll enforcement • Self-regulating and self-governing

  22. Northwest Parkway PHA – Colorado P3 Precedent • A design/build project, opened in 2003 • Brownfield concession in 2007 • 9 miles of expressway • CLA held by Brisa • Back office tolling operation by E-470 PHA

  23. JPPHA Actions and Accomplishments to Date • Assembly of the Authority team • Finalize project alignment • CDOT 1601 Systems Approval • DRCOG fiscally constrained RTP Amendment • Rocky Flats Right of Way is eminent

  24. Structure of JPPHA Concession Procurement • Pre-Concession Agreement (PCA) Procurement • Bidders’ Information Conference • PCA draft to be presented in early 2011 with RFP • Selection of preferred proposer and negotiation of PCA • Execution of the PCA

  25. PCA Activities • Proposer • Negotiate CLA • Develop Management and Operating Plans • Begin Design of Project & Aesthetics • Secure Financing • Fund Required CDOT Process • Investment Grade T&R • Obtain Permits • Authority • Negotiate CLA • Approve Management and Operating Plans • Begin Review of Proposer Design & Aesthetics • Review Finance Plan • Conduct Required Environmental Assessments • Manage Public Processes and Approvals

  26. Structure of JPPHA Concession • Concession Lease Agreement Components • Term • Design/build components • Risk allocation • Operating standards and methodology • Handback provisions • Toll rate structure • Profit sharing provisions

  27. Procurement Timeline February 2011 – Information to proposers March 2011 – Draft RFP to proposers • With Draft PCA and CLA April 2011 – Issue RFP June 2011 – Proposals due July 2011 – Select Preferred Proposer to execute PCA September 2012 – Execute CLA

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