1. Ten year Capital Improvement Program and Preliminary Bond Information
Land Development Committee
September 2011

2. Areas of Discussion Ten Year CIP Summary Slides
Graphic Summary
Detailed cash flow(handouts)
Summary Slides
Fairbanks, Maslin Maulin Statewide Survey
LAO Infrastructure Study (handouts)
Preliminary Bond Information
RBC Capital Markets
Continuation of August 3, 2011 discussion on Revenue and Entrepreneurial Activities
Project Delivery Models
Legal Framework
Technical Overview

3. Capital Improvement Program Spending

4. Proposed Capital Improvement Projects
New Buildings
Project
Total Project Cost (6/11 est.)
External Funding
Local Funding
OCC Maritime Academy
$8,444,040
$6,533,305
$1,910,735
CCC Garden Grove Joint Use Student Center
TBD
Subtotal
Building Replacement
GWC Science & Math
$77,627,802
$53,487,463
$24,140,339
GWC Criminal Justice Training Center
$18,415,801
$10,338,684
$8,077,117
GWC Language Arts Complex
$33,571,588
$19,242,956
$14,328,632
GWC Business & Social Science Building
$44,776,982
$22,388,491
GWC Cosmetology Building
$15,760,875 $0
GWC Campus Safety Building
$1,495,728
OCC Language Arts Center
$44,725,021
$32,793,767
$11,931,254
OCC Business, Math, Computing Center
$43,629,000
OCC Student Union Complex
$46,602,674
OCC Administration Building
$14,416,178
OCC Planetarium
$9,800,000
OCC Recycling Enterprise
$1,972,000
$352,793,649
$151,519,089
$201,274,560

5. Proposed Capital Improvement Projects (cont.)
Renovation/Modernization
Project
Total Project Cost (6/11 est.)
External Funding
Local Funding
CCC Le-Jao Student Learning Support Center
$3,485,241
$1,848,844
$1,636,397
CCC Garden Grove Learning Support Center
$2,259,180
$1,807,344
$451,836
CCC Garden Grove Classroom Renovation
$1,912,464
$956,232
CCC College Center Student Support Center
$8,341,212
$4,170,606
CCC Newport Beach Student Support Center
$1,021,140
$816,912
$204,228
GWC Student Services Center
$20,826,073
$16,100,857
$4,725,216
GWC Technology Building Renovation
$13,187,567
$7,912,540
$5,275,027
GWC Design Technology Renovation
$1,836,000 $0
GWC Community Center Renovation
$4,184,547
GWC Rehabilitation Center Renovation
$980,536
GWC Central Warehouse Renovation
$4,532,038
OCC Chemistry Renovation
$21,104,511
$15,078,385
$6,026,126
OCC Skill Center Renovation
$8,856,785
$5,314,071
$3,542,714
OCC Adaptive P.E./Pool/Gym
$22,423,835
OCC College Support Center
$5,651,016
Subtotal
$120,602,145
$54,005,791
$66,596,354
Equipment
District-wide Technology Refresh
$52,786,760

6. Proposed Capital Improvement Projects (cont.)
Building Infrastructure
Project
Total Project Cost (6/11 est.)
External Funding
Local Funding
CCC
$8,583,152 $0
GWC
$35,332,045
OCC
$29,288,125
Subtotal
$73,203,322
Other Projects
OCC Parking Structure
$29,400,000
CCC NBLC Photovoltaic System
$1,200,000
DIST Housing/Mixed Use Development
TBD
GWC Housing/Mixed Use Development
OCC Mixed Use Development
GWC Physical Education Outdoor Labs
$4,950,000
$2,475,000
GWC Boys & Girls Club Gymnasium
$35,550,000
$33,075,000

7. The Bottom Line: Escalated Local Cost (3.6% annually) $610,598,821
Project
Total Project Cost
External Funding
Local Funding
New Buildings
$8,444,040
$6,533,305
$1,910,735
Building Replacement
$352,793,649
$151,519,089
$201,274,560
Renovation/Modernization
$120,602,145
$54,005,791
$66,596,354
Equipment (Technology)
$52,786,760 $0
Building Infrastructure
$73,203,322
Other Projects
$35,550,000
$2,475,000
$33,075,000
Site Acquisition
CCC Le-Jao Site Acquisition
$4,862,500
CCC Newport Beach Site Acquisition
$8,320,000
Debt Repayment
CCC NBLC Debt Repayment
$20,000,000
District-wide Contingency
Infrastructure
$31,765,882
Parking/Vehicular Circulation
$7,025,000
Pedestrian Circulation
$14,215,000
Site Improvements
$6,925,000
Demolition
$3,630,000
Swing Space
$4,235,000
Equipment/Furnishings
$15,410,250
Construction Management
$33,449,016
Total CIP Estimate (Present Value)
$793,217,564
$214,533,185
$578,684,379
Escalated Local Cost (3.6% annually)
$610,598,821

8. Secure required local match funds
Why Move Now?
Time Value of Money
Total program cost escalates to $655,230,311 if delayed two years and $703,256,072 if delayed four years.
Secure required local match funds
In the event of a State-wide facilities bond in 2012, District would need:
- local commitment of $24M to secure $53M in State funds in 2012
- local commitment of $20M to secure $43M in State funds in 2013
- local commitment of $29M to secure $59M in State funds in 2014

10. Board Room
6:30 PM

14. Coast Community College District
Bond Information
September 6, 2011

15. Coast CCD – Assessed Valuation Chart
Source: CalMuni

16. $40 Million Project – Lease Revenue Bonds Scenario

17. Measure C and 2012 Election – Tax Rate Combination

18. Standalone 2012 Election – Tax Rates per $100,000 Assessed Value