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BID PROCESS

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BID PROCESS Powered By Docstoc
					  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

  – 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 Assessments
                                   Develop Project

September 2012           Begin Construction

       (34 months)                 Build Phase 1 Project

July 2015                Open Jefferson Parkway to Traffic
              CDOT Interchange Process
 1601 System
 Level Analysis
 (Completed)                                SH 93 EA



CDOT & DRCOG
                  Preliminary Engineering   SH 72 EA
  Approvals
                  & NEPA Approval Process
 (Completed)


                                            SH 128 EA
   Air Quality
  Conformity
        +
     Fiscally
Constrained RTP
  (Completed)
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:
    Planned Upgrades to Interlocken Loop
    Highway Connection Outlined in Brisa/NWP Contract
                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
                                            Over first
   – Roadway Rehabilitation: $18m           35 years of
                                            operation
   – Tolling Equipment Replacement: $45m
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                      • Authority
  – Negotiate CLA                  – Negotiate CLA
  – Develop Management and         – Approve Management and
    Operating Plans                  Operating Plans
  – Begin Design of Project &      – Begin Review of Proposer
    Aesthetics                       Design & Aesthetics
  – Secure Financing               – Review Finance Plan
  – Fund Required CDOT             – Conduct Required
    Process                          Environmental
  – Investment Grade T&R             Assessments
  – Obtain Permits                 – 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 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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