1. 91 Express Lanes Kirk Avila Treasurer/General Manager

2. Background  The 91 Express Lanes is a four lane, 10-mile toll road  The toll road cost approximately $135 million to construct and opened in December 1995  The toll road was constructed by the California Private Transportation Company, LLC (CPTC)  The State of California granted CPTC a 35-year Franchise Agreement to own and operate the toll road

3. OCTA’s Purchase  Acquired the 91 Express Lanes on 1/3/03  Required tolling legislation  $207.5 million purchase price  Removed Non-Compete provisions  Created an Advisory Committee comprised of Orange, Riverside and San Bernardino county representatives

10. OCTA’s Toll Policy  Adopted by the OCTA Board of Directors in July 2003  Traffic volumes are monitored on an hourly basis  Policy establishes trigger points to adjust tolls up or down, depending on traffic volume and compliance with covenants  Policy includes COLA annual adjustments and three ride free  Board of Directors and customers are notified at least ten days prior to an adjustment

11. Current Toll Schedule – October 2011

12. Revenue Distribution Westbound LanesEastbound Lanes

13. Traffic Volumes Since 2004

14. Total Revenues Since 2004 Fiscal Year

15. Conclusions  Congestion management pricing philosophy has increased mobility in the SR 91 Corridor  The precise formulas in OCTA’s toll policy helps public acceptance  Successful public private partnership based on contracts with the private sector  OCTA is working with the SR 91 Advisory Committee and Caltrans to increase the capacity in the SR-91 corridor  OCTA is also working with the Riverside County Transportation Commission on their plans to extend the 91 Express Lanes into Riverside County