COUNCIL for QUALITY GROWTH TIME TO DELIVER!!! 1/17/17

TOPICS FOR TODAY 1. Election Results 2. IGA Review and Highlights 3. Cash Flow Strategies 4. Project Administration and Annual Reporting 5. Formation of Oversight Council 6. Challenges and Upcoming Timeline 7. Other investments in Fulton County

Fulton County TSPLOST Election Results

Election Highlights Twice as many voted in NF as SF Overall 52.7% NF 53.1% SF 52.0% Highest Two Cities Hapeville 61.77% Mountain Park 61.06% Lowest Two Cities Chatt Hills 44.62% Palmetto 46.03%

IGA KEY PROVISIONS 0.75% sales and use tax collected between April 1, 2017 and March 31, 2022 Fees and Administrative Costs 1.0% of all proceeds go to DOR for Administration 0.5% of all proceeds go to Fulton County for oversight Distribution Percentages and Maximum Funds to be collected are specified Distribution to Cities based on 2015 Population Maximum funds collected capped at $655 million Funds must be spent on transportation purposes, as defined by State Law 30% of funds must be spent on projects consistent with SSTP Funds must be in kept in a separate TSPLOST account by each Jurisdiction Annual Reporting Requirements An Audit of TSPLOST funds is required by each Jurisdiction as a part of the normal fiscal-year audit process Fulton County is responsible for: A Joint Annual Audit of TSPLOST funds for all jurisdictions An Annual Report documenting Progress of all projects

ESTIMATED ‘FULTON OUTIDE COA’ TSPLOST FORMULA ALLOCATIONS Formula Factor = (Local Gov. Pop./County Pop.) Jurisdiction Formula Amount = Formula Factor x Revenue Projection Jurisdiction 2015 Total Population (Outside Atlanta) 2015 % of County Population (Outside Atlanta) 2015 Tier 1 & 2 Revenues (100% of Forecast) ALPHARETTA 63,693 11.02% $62,710,191 CHATTAHOOCHEE HILLS 2,690 0.47% $2,648,492 COLLEGE PARK 13,264 2.29% $13,059,331 EAST POINT 35,467 6.13% $34,919,730 FAIRBURN 13,967 2.42% $13,751,484 HAPEVILLE 6,650 1.15% $6,547,388 JOHNS CREEK 83,335 14.41% $82,049,108 MILTON 37,547 6.49% $36,967,635 MOUNTAIN PARK 556 0.10% $547,421 PALMETTO 4,421 0.76% $4,352,782 ROSWELL 94,501 16.34% $93,042,812 SANDY SPRINGS 105,330 18.22% $103,704,716 UNION CITY 20,805 3.60% $20,483,971 FULTON (UNINCORPORATED) 95,968 16.60% $94,487,175 Totals 578,194 100.00% $569,272,235

Check out the web page for project list www.fultoncountyga.gov/tsplost/

CASH FLOW STRATEGIES Month to month projections from GSU GSU took off the 1% of Revenue Received for DOR in original estimates Revised sheet with 0.5% of Revenue Received removed for County Oversight

PROGRESS REPORTING IGA requires an Annual Progress Report prepared by Fulton County Report required to be completed by December 31 of each year Must be published in the newspaper and available on website(s) Should be simple non-technical report that provides the following for each Project or Purpose: A. Original estimated cost B. Current estimated cost if different than original C. Amounts expended in previous years D. Amounts expended in current year E. Any excess proceeds which have not been expended for a project or purpose F. Estimated completion date, and the actual date and cost of any project completed during the current year G. A statement of what corrective action the City or County intends to implement with respect to each project that is underfunded or behind schedule H. County will provide an accounting of County Oversight Funds

OVERSIGHT COUNCIL Fulton Transportation Investment Citizen’s Oversight Council. Oversees the progress and implementation of the program. Does not oversee individual projects. Furnishes the annual report to the Board of Commissioners and each of the cities within the County. Report includes: Financial statements and audits Status report of the progress for all projects within each Jurisdiction. Council consists of 14 total members One appointee from each City and one member appointed by the Fulton County Commission. Elected officials are not eligible to be on the Council. Council to meet at least twice a year Quarterly meetings likely for the first year. First meeting to occur in Summer 2017 after first revenue is received.

CURRENT CHALLENGES Construction Market Bid Prices are increasing Projects are attracting fewer bidders Private sector growth is strong Cash Flow for cities and county Ensuring that project needs are not greater than cash inflows Payment made to jurisdictions starting at the end of May 2017 Public Confidence in delivering projects on schedule and on budget Careful not to over promise and under perform Overcoming the unknown obstacles

GENERAL DISCUSSION AND TIMELINE December Jurisdictions develop individual action plans Jan 2017 Formalize Arrangement with DOR for distribution of funds Feb 2017 Coordinate Bank Account information for each City and DOR March 2017 Make appointments to Oversight Council April 1, 2017 Collections begin May/June, 2017 Distribution of funds begins   July 2017 First meeting of Oversight Council

MAJOR INVESTMENTS IN COUNTY Funding Source Value Applications TSPLOST Investment in Transportation $550-$600 million Roads, bridges, ped facilities, transit connections, airport improvements, etc. 2016 Capital for Building Repair $20 million Projects in process including elevators, fire alarm, roofing, HVAC and major modernizations Rehab of Downtown Buildings (Courts, Complex) $78 million Comprehensive listing of projects from F&G report along with interior and modernization improvements 2017 Capital for Building Repair (Proposing same amount in future years) $10 million Identified interior and modernization projects projects including Senior Centers, Wellness Centers & facilities Phase II Library Bond $105 million Renovation of remaining libraries along with Central Library Big Creek Sewer Plant Little River Sewer Plant $250-$300 million Major upgrades and modernization to serve North Fulton TOTAL Over $1 Billion

PRIORITIZATION FACTORS Factors utilizing Faithful & Gould roadmap… SAFETY & LIABILITY Will the project significantly improve the safe operations of the county facility? Is liability to the county for injury or other legal aspects reduced after completion of the project? UTILITY SAVINGS & OPERATIONAL EFFICIENCY Does the project save utility dollars with the investment? What is the percentage savings or payback? Will the project provide for increased operational efficiency, redundancy or future benefits to the county? IMAGE & APPEARANCE Will the project provide a substantial improvement to the image of the public facing county facility? Does the project improve services for critical high impact image areas?

2017 CAPITAL PLAN Roofing/Envelope HVAC Elevators Interiors Upgrades Restrooms/First Impressions Senior Centers Prioritized Office Areas HVAC Government Center Courts Phase I Major Buildings Roofing/Envelope Atrium & Downtown Landscaping & Exterior 10 Major Sites Critical paving & exterior Fire Alarm All old systems throughout county Elevators Multi-year modernization 34 elevators

LIBRARY CAPITAL TIMELINE