Overview Public Private Partnerships (P3) September 30, 2014

What is P3? PUBLIC-PRIVATE PARTNERSHIPS (P3) A business relationship between a government agency and a private-sector company for the purpose of completing a project that will serve the public. Public-private partnerships can be used to finance, build and operate projects such as public transportation, parks, and educational facilities.

Infrastructure / Social Infrastructure PUBLIC-PRIVATE PARTNERSHIPS (P3) Infrastructure Traditional P3 projects have centered on infrastructure projects (bridges, toll roads, utility plants). Social Infrastructure Within recent years, P3 projects are now also centered on social infrastructure (libraries, public safety facilities, educational facilities and civic centers).

Brief History of Project BRIEF HISTORY Initial City / School District Joint Meeting January 2013 Meetings with Ad-Hoc Committee Members (City and District ) February – September 2013 County Library Prepared Facility Program September – December 2013 City Initiated City Hall Facility Program August 2014

Tax-Exempt Lease Public agency finances public facilities by borrowing funds. Asset is transferred to public agency either at beginning or end of lease term. Portion of lease payment used to pay interest is tax- exempt. P3 Financing Types Source: National Council for Public-Private Partnerships

Developer Finance Private party finances the construction of public facility in exchange for opportunity to develop residential and/or commercial uses at the site. P3 Financing Types Source: National Council for Public-Private Partnerships

Examples of P3 Development TRANSPORTATION PROJECTS Infrastructure and operations of public roads and highways. PARKS Private maintenance and operations agreements for federal, state, and local parks. EDUCATION FACILITIES Leveraging private real estate for public schools. INFORMATION TECHNOLOGY High speed internet infrastructure/access for America’s cities. UNIVERSITY EDUCATIONAL AND HOUSING PROJECTS Dormitories, laboratories, athletic facilities, dining establishments, and conferencing.

P3 Examples Vista Civic Center Civic Center and Community Room Downtown Mixed Use Housing and Retail Office Building for San Diego Housing Commission Condominium Building with Subterranean Parking San Marcos Civic Center Mixed-use City Hall, Library, Office, and Retail New Middle School and High School Fairfax County Public School District in Partnership with Clark Education, Virginia New High School and Town Center (City Hall, City Library, and Aquatic Center) Natomas Unified School District in Partnership with North Natomas Town Center, Sacramento, California New Elementary School and Market Rate Housing Washington DC Public Schools in Partnership with the District of Columbia Source: Keyser Marston

Overview Public Private Partnerships (P3) Reference National Council for Public Private Partnerships