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

CDOT Interchange Process 1601 System Level Analysis (Completed) CDOT & DRCOG Approvals (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 ( , 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 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 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

Public Process To Date