Oregon Transportation Infrastructure Bank (OTIB) Prepared by: Matthew Harris, Senior Financial Analyst.

Slides:



Advertisements
Similar presentations
County of Fairfax, Virginia Department of Transportation 1 Transportation Funding and Improving Roadway Services Delivery Transportation Advisory Commission.
Advertisements

Bob Vasek Cooperative Agreements Engineer Mn/DOT Metro State Aid Overview and Planning and Programming Tom Leibli Cooperative Agreements Project Manager.
TIFIA Credit Program Overview Updated August 2014 T ransportation I nfrastructure F inance and I nnovation A ct (TIFIA)
County Transportation Systems Association of MN Counties, MN County Engineers Association, MN Inter-County Association Presentation to MN Senate Transportation.
Railroad Rehabilitation & Improvement Financing Program FEDERAL RAILROAD ADMINISTRATION U.S. DEPARTMENT OF TRANSPORTATION.
County Transportation System Governor’s Transportation Advisory Committee September 14, 2012 Abbey Bryduck, AMC Policy Analyst.
Financing Infrastructure 2014 Governor’s Conference on Economic Development Tan Tar A Resort / Sept. 5, 2014.
2010 Northwest Ohio Manufacturing Forum & Expo Jeremy Gutierrez November 12, 2010.
Greater Arizona Development Authority (GADA) Williams Justice CenterSahuarita Town HallNorthwest Fire DistrictCoolidge Police Dept. Meeting the Infrastructure.
WEDA Winter Conference January 11, Community Programs Funding FY 2010 WEPCF Direct Loan $7,148,000$1,820,000 Grant 2,429,000 97,000 Guaranteed.
BUDGETING & ACCOUNTING FOR GRANTS AND CAPITAL PROJECTS 2011 Municipal Professionals’ Institute Patrick Callahan, Snyder & Associates, Financial Consultant.
State Debt Management Practices January 2011 Kristin Hanson, Assistant Commissioner, Debt Management and Treasury
COUNTY AND STATE TRANSPORTATION INFRASTRUCTURE INITIATIVES NACo Transportation Steering Committee July 11, 2014.
January 6, REDIFIT Program Background  $5 million revolving loan fund established by the Idaho State Legislature in 2006  Transferred to ISDA.
Marc Nemanic x 204 or
Financing Alternatives for Telecom Carriers Presented by Vince Wiemer, CPA.
Biodiesel Production: Government Regulations (IL) Barry Latham, M.A.Ed. Biodiesel Production & Curriculum Chemistry & Physics Instructor Chicago Heights,
Doug Brown October 23, Budget Overview A Budget Planning Process (Overland Park’s) Financial Management.
Financing Techniques Guide For Project Sponsors along US/Mexico Border.
MISCONCEPTIONS ABOUT Tax Exempt Financing For Manufacturing.
Statewide Local Agency Project Delivery Conference SAFETEA-LU: Earmarks and Federal Programs Relating to Local Agencies Travis Brouwer ODOT Federal Affairs.
Cape Cod Transportation Improvement Program (TIP) HOW DOES A PROJECT GET ONTO THE TIP ? Priscilla Leclerc, Senior Transportation Planner Cape Cod Commission.
Michigan Economic Development Corporation Michigan 2007 CDBG Program.
State Financing Programs for Brownfield Redevelopment.
Kansas Center for Entrepreneurship Kansas Capital Multiplier Loan and Venture Funds Kansas City Lender Summit Federal Reserve Bank of Kansas City August.
California Light-Duty Fleet Incentives Plug-in electric and fuel cell vehicles July 9, 2015 Randy Wilde, Clean Transportation Project Associate.
Tracy Hatch Chief Financial Officer. Rochester Maintenance Facility & District HQ $16.1M request for Trunk Highway bonds Phase 2 will remodel 94,000 SF.
Beech Grove, Indiana TAX INCREMENT FINANCING Heather R. James, Ice Miller LLP April 18, 2013.
American Recovery and Reinvestment Act of 2009 (ARRA) Opportunities for Public Power in Energy Efficiency Jeff Genzer Duncan, Weinberg, Genzer & Pembroke,
Distribution Guided by State Law Surface Transportation Program (STP) Surface Transportation Program (STP) Congestion Mitigation & Air Quality Improvement.
Water & Waste Disposal Loans and Grants The funding purpose is to construct, enlarge, extend or improve water, wastewater and solid waste systems in rural.
ACCESS TO CAPITAL FOR RURAL COMMUNITY INFRASTRUCTURE June 18, 2015.
Privatizing for the Public Good “Role of Professional Advisors to State DOTs” April 27, 2007 Thomas W. Bradshaw, Jr. Managing Director Co-Head of Transportation.
TIFIA Credit Program Overview Updated July 2010 T ransportation I nfrastructure F inance and I nnovation A ct (TIFIA)
Oregon Housing and Community Services What we do matters! Seizing the Day in a Pro-Preservation Environment October 2009.
Oregon Transportation Infrastructure Bank (OTIB) Prepared by: Matthew Harris.
An Introduction to World Bank Organization and Operations Jean-Charles Crochet Senior Transport Economist World Bank.
Transit Revitalization Investment Districts Planning and Implementation of Act 238 of 2004 July 2006 Getting to TRID Lynn Colosi Clear View Strategies.
State Transportation Bonds. State Aid Bond Programs LBRP – Local Bridge Replacement Program ◦State Bridge Bond Funds LRIP - Local Road Improvement Program.
Financial Planning Session E-1 The Metropolitan Transportation Planning Process.
HIGHWAY DEPARTMENT Tim G. Schulte, P.E. Richland County Engineer.
Industrial System Natural System Industrial System.
American Recovery and Reinvestment Act of 2009 CAPITAL REGION TRANSPORTATION PLANNING AGENCY.
TIFIA Credit Program Overview Updated October 2012 T ransportation I nfrastructure F inance and I nnovation A ct (TIFIA)
TIFIA Credit Program Overview Updated May 2011 T ransportation I nfrastructure F inance and I nnovation A ct (TIFIA)
1 SAFETEA-LU Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users Office of Program Management Tribal Transit Outreach.
Caltrans Transportation Planning Grant Programs: Partnership Planning & 5304 Transit Planning Presented by Priscilla Martinez-Velez California Department.
Transportation Funding Workshop Nova Southeastern University December 10, 2012.
MAKING IT HAPPEN. TRB 88 th Annual Meeting Risk Management in Public-Private Partnerships January 14, 2009 Statutory and Public Policy Approaches to PPP.
Single Family Housing Development Program A Briefing to the Housing Committee Housing/Community Services Department November 2, 2015.
Federal Tools for Financing Idle Reduction Federal Highway Administration National Resource Center Jennifer R. Mayer (415)
ITTS Freight in the Southeast Conference Charlotte, North Carolina February 9, 2011.
Caltrans Transportation Planning Grant Programs: Partnership Planning & 5304 (formerly 5305) Transit Planning Presented by Priscilla Martinez-Velez California.
INTERCAP Authorized by statute in 1987 Nearly 511 different borrowers including:  Water, Sewer and Solid Waste Districts  Rural.
SBA 504 Loan Program Long Term Fixed Asset Financing For Small Businesses.
FUNDING AVAILABILITY & SAFETY PROGRAMS 3//21/2013.
Road Services Funding Options Bridges and Roads Task Force October 28,
Loan Programs.  What is the PFA?  How does PFA financing work?  What is the Capital Financing Program?  What is the State Revolving Fund Program?
Andrew Right Executive Director
Alternative Financing
Central Minnesota Area Transportation Partnership Primer Welcome
Transportation Funding Deal Explained
New Jersey Infrastructure Bank
Federal Tools for Financing Idle Reduction
Capital Improvement Plans
STIP Development OTO Board Meeting
State Infrastructure Bank
Comprehensive Transportation Plan
The Build America Bureau
Transportation Planning and Funding Overview
Presentation transcript:

Oregon Transportation Infrastructure Bank (OTIB) Prepared by: Matthew Harris, Senior Financial Analyst

What is OTIB? Loan program for transportation projects in Oregon Established in as a pilot State Infrastructure Bank Capitalization of $58.4 million

Goals of OTIB Leveraging Transportation Funds Accelerating Planned Projects Improving Communities’ Ability to Meet Transportation Needs Encouraging Economic Development Facilitating Non-Traditional Projects

Who can apply? State agencies Cities Counties Special Districts (including LIDs, Transit, Road) Tribal Governments Private Sector Businesses

What can be funded? Highway projects (If Federalized, Title 23) Transit projects (Title 49) Other infrastructure related projects Projects must be in the Statewide Transportation Improvement Program (STIP)

Funds Available State Highway Funds - $5.9M Comingled State/Federal Highway Funds - $2.2M State Highway Funds subject to Title 23 Requirements - $1.5M Transit/Federal Funds - $2.5M Available Line of Credit from State Highway Fund - $7.9M

Highway Projects - Eligible Expenditures Preliminary Engineering Right-Of-Way Acquisition Roadway Construction Bridge Rehabilitation & Replacement Construction Management Signals Loan Fee Other Costs as Identified in State & Federal Law

Transit Projects – Eligible Expenditures Vehicle Purchases ADA-Related Equipment Transit Facilities (intermodal facilities, maintenance facilities, and shelters) Vanpools Loan Fee Other Costs Identified in Federal Regulations

Loan Process Project Proposal Application Staff Review CFO or OTC Approval Terms & Conditions Letter Loan Documents

Why OTIB? Generally “AA” Costs of Borrowing Through Pledge of Higher User Tax Apportionment Draw Down Construction Loans Low Cost of Financing (1%) Very Flexible Terms No Prepayment Penalty DOJ Standardized Loan Documents

Case Study Newberg-Dundee Bypass City of McMinnville $3,209, % Aa3 (15bps spread) Interest Savings: $58,108 Total Savings: $91,318 (2.18%) Yamhill County $10,366, % A (44bps spread) Interest Savings: $553,628 Total Savings: $594,498 (4.32%)

What’s Next for OTIB? Outreach! Revamp of Application Process Recapitalization

For More Information, Contact: Matthew Harris Senior Financial Analyst Oregon Department of Transportation (503)