Jefferson Parkway Public Highway Authority

Bidder Information ConferenceDecember 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

– City and County of Broomfield – Population 56,000• Home rule City and County• With Lafayette, member of Northwest Parkway Public

Highway Authority.

Introduction (continued)

• Authority Consultants– Program Manager – PB Americas-led team

• Stantec• Public Financial Management

– General Counsel – Icenogle Seaver & Pogue

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

Jefferson Parkway Project Scope

The Parkway Project

Phase 1 (Initial Parkway

Project)• Approximately 10

miles from SH128 to SH93

• 3 partial interchanges

• 6 structures

Jefferson Parkway Project

Corridor• Full Build (red)• RTP Related

Improvements (purple)

Jefferson Parkway Project

ROW• Blue: Authority

ROW• Green: Rocky Flats

ROW in Process or property obligated contractually

• Magenta: Other ROW in Process

Overall Project Schedule December 2010 Bidder Information Conference

Prepare RFP(7 months) Prepare Proposals

Develop Contracts

July 2011 Select Preferred Proposer

(14 months) Prepare Environmental AssessmentsDevelop Project

September 2012 Begin Construction

(34 months) Build Phase 1 Project

July 2015 Open Jefferson Parkway to Traffic

CDOT Interchange Process1601 System Level Analysis(Completed)

CDOT & DRCOGApprovals

(Completed)

Air Quality Conformity

+ Fiscally

Constrained RTP(Completed)

Preliminary Engineering & NEPA Approval Process

SH 128 EA

SH 72 EA

SH 93 EA

Public Process To Date

The Private Partner is expected to fund all Costs to Finalize Plans and

Obtain Construction Approval, Estimated at $8 million.

Project Revenue and Costs

Traffic & Revenue Projections

Stantec Forecast used in PFM Revenue Analysis (spring 2009)

Estimated Revenue Impacts from:

Highway Connection Outlined in Brisa/NWP Contract

Planned Upgrades to Interlocken Loop

Corridor Economic Development

• Anthem

• Avista and Exempla Hospitals

• Conoco Phillips Research Campus

• Flatiron Mall & Retail Center

• Interlocken Office Park• Rocky Mountain

Airport Development

• Candelas

Renewable Energy Companies

Future Jefferson Parkway

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

Authority and Procurement Structures

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

JPPHA - POWERS

• Concession• Eminent domain• Tolling• Toll enforcement• Self-regulating and self-governing

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

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

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

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

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

Procurement Timeline

February 2011 – Information to proposersMarch 2011 – Draft RFP to proposers

– With Draft PCA and CLAApril 2011 – Issue RFPJune 2011 – Proposals dueJuly 2011 – Select Preferred Proposer to execute PCA September 2012 – Execute CLA