Turnkey Public Facilities Delivery Method

Transcription

1 A Public Private Partnership for the Curry County Detention Center Addition Turnkey Public Facilities Delivery Method Presented by: The Public Private Development Collaborative () with

2 Curry County Detention Center Addition The Public Private Development Collaborative Ed Eastridge, Executive Director 30 years public/private partnership experience Nationally recognized leader in development industry Roger Christianson 39 years national development experience Specialist in public/private and joint venture transactions Dick Ward 23+ years experience in bond issuance and finance Expertise in tax supported and revenue based financing for essential service facilities, education, housing, municipal utilities and specialized projects Dougherty & Co. provides investment banking underwriting and financial advisory services to more than 300 state & local governmental, non-profit, and corporate clients in 39 states 1

3 Curry County Detention Center Addition A Problem Facing Many Local Governments Economic crisis and local budget shortfalls Lack of public support for bond elections Critical needs of public agencies continue to grow Community security & safety issues Required purchase of out-sourced services due to lack of adequate facilities Perpetuates budget problems Inability to build equity in necessary facilities 2

4 Curry County Detention Center Addition A Solution: The Public Private Development Collaborative Providing Fiduciary Development Services to public agencies since Provides Project Development Services on a fee basis, as needed. Specific expertise in public facility development and public finance. Will act as Development Manager for project facilitator Community Facility Partners. 3

5 Curry County Detention Center Addition There are terms to describe what we do. None entirely suffice. Perhaps you've heard of "501(c) 3 conduit ownership and financing," "creative municipal financing," or even "off-balance sheet financing." All are terms that only begin to describe how we help cash-strapped public and other community building projects become a reality. In an age of increasing political, administrative and financial complexity, we simplify, and bring expertise to virtually every aspect of planning, financing and owning these properties. 4

6 Curry County Detention Center Addition Community Facility Partners (CFP) is a non-profit, tax-exempt organization created to partner with government and other tax-exempt groups to make the development, funding and operation of public and community facilities easier and more successful. 5

7 Curry County Detention Center Addition Advantages of the Public/Private Partnership Turnkey Delivery Approach Build critical facilities as they are needed, pay for them as they are used. Utilize revenue streams to create equity. Expenses for housing detainees with other facilities utilized to service debt and operational costs. Engage a comprehensive development team to provide a seamless delivery of a turn key facility. 6

8 Curry County Detention Center Addition Advantages of the Public/Private Partnership Turnkey Delivery Approach No public referendum required Qualifications-based selection process Immediate start and facilitated delivery Enables fast-track design/construction process No low bid quality subs that we know will perform Minimal public entity risk Highest value of life cycle cost, future flexibility and maintainability Deliver attractive, highly functional, safe facility Collaborative, transparent, and accountable process 7

9 Curry County Detention Center Addition Tailor Made Solutions Analysis Develop project budget to meet County s desired annual cost. Program facility to meet current and future needs. Develop growth plan if necessary for future needs. Planning Comprehensive master plan Feasibility Analysis / Deal Structuring Facility master planning Strategic development planning Strategic funding plan adoption 8

10 Curry County Detention Center Addition Implementation Appropriate deal structure Appropriate roles and responsibilities Fiduciary development management Phasing Development Expansion Utilization / special needs for future populations Management and operations 9

11 PROPOSED TRANSACTION STRUCTURE Curry County FACILITY LEASE BACK BY COUNTY GROUND LEASE FROM COUNTY DESIGN-BUILD TEAM Gerald Martin Johnson/McKibben DEVELOPMENT TEAM LEASES LAND, FINANCES, AND BUILDS PROJECT PAYMENT OF DRAW PAYMENT DEVELOPMENT COORDINATION P TRUSTEE REQUEST FOR DRAW PAYMENT Community Facility Partners DEVELOPMENT SERVICES AGREEMENT DEVELOPER COORDINATE FINANCING, ORGANIZATIONAL STRUCTURING, & LEGAL DOCUMENTATION FINANCIER Dougherty & Company, LLC ARRANGES TAX-EXEMPT FINANCING NEW FACILITY FUNDS HELD IN TRUST ACCOUNT PROJECT FUNDING The Public Private Development Collaborative 10

12 Curry County Detention Center Addition Scenarios for Consideration Historical cash flow for out-of-county housing Three $650,000 / $850,000 / $1,000,000 / year Additional out-of-county housing costs Transportation Officer escort man-hours Inmate medical issues ~$100,000 - $150,000 / year Scenarios adequate to finance new detention facility to meet immediate County needs. Use cash out-flow to build equity and address critical detention facility needs. 11

13 Curry County Detention Center Addition The Timing is Right! Interest rates are still low but expected to increase. Immediacy driven by current market conditions. Issue a Request For Qualifications. Receive qualifications as soon as possible. Expedite the evaluation process and selection. Finalize contract in a timely manner. Start programming and design immediately upon contract completion. Implement Fast-Track construction process. Accelerated construction schedule. 12

14 Curry County Detention Center Addition Questions? 13

15 Gerald A. Martin, Ltd. Construction Company One of New Mexico s largest and most successful construction companies Serving New Mexico for over 36 years More detention facility experience than any other NM construction company Established presence in Clovis and Eastern New Mexico Currently building in Clovis and Tucumcari Self-perform concrete, carpentry, general works packages Committed to local economy: We will hire locally and bank locally Johnson-McKibben Architects Based in Dallas, Texas Extensive Detention/Justice Facility experience throughout Southwest 46 facilities since 1990 in NM, TX, CO, & CA Over 15,500 beds The Design/Build Team 11 facilities in NM all with Gerald Martin Gerald Martin/Johnson-McKibben Design-Build Team 20 Year Design-Build Relationship Extensive Detention Facility Experience 11 facilities and 3,100 + beds Proven past performance 14

16 Gerald Martin s Detention/Justice Facility Experience Detention (13 / 3,676 beds) / Judicial & Justice Facilities 2010 Santa Fe County Judicial Complex 2010 Los Lunas Substance Abuse Treatment Facility (32 beds) * 2008 Metro Courthouse Renovation 2006 Bernalillo County Detention Center, Phase IV (240 beds) 2005 Sandoval County Judicial Complex * 2005 Otero County Prison Facility Phase II (697 beds)* * 2003 Otero County Prison Facility Phase I (700 beds) * * 2001 Santa Fe County Public Safety Facility 2000 Cibola County Correctional Facility (900 beds)* * 1998 Las Animas County Public Safety Complex (100 beds) * * 1997 McKinley County Detention Center and Courthouse (300 beds) * * 1994 Cibola County Detention Facility (400 beds) * * 1993 San Miguel County Jail and Courthouse (83 beds) * 1993 Sandoval County Jail Expansion (96 beds) * * 1992 Colfax County Jail (32 beds) * * 1992 Sandoval County Jail and Courthouse (48 beds) * * 1990 Quay County Detention Center (57 beds) * * * 12 Design-Build Detention/Justice Projects ** 11 Facilities Utilized Finance/Lease/Purchase Model in New Mexico 15

17 Johnson/McKibben Architects Detention/Justice Facility Experience Detention (46 facilities / 15,562 beds) / Judicial & Justice Facilities New Mexico, Texas, Colorado, & California 2011 Rusk County Detention Center, TX (291 beds) 2011 Polk County Detention Center, TX (363 beds) 2008 Montgomery County Detention Center, TX (1,000 beds) 2007 Polk County IAH Detention Facility & ICE Office, TX (528 beds) 2005 Park County Detention Center, CO (526 beds) 2005 Otero County Prison Facility Phase II, NM (697 beds)* 2003 Otero County Prison Facility Phase I, NM (700 beds) * 2001 Hidalgo County Juvenile Facility, TX (60 beds) 2000 Cibola County Correctional Facility, NM (900 beds)* 1999 Garza County Giles W. Dalby Correctional Facility, TX (1,097 beds) 1998 California Medium Security Prison Facility, CA (1,000 beds) 1998 Webb county Detention Center, TX (500 beds) 1998 Dallas County Youth Village Facility (96 beds) 1998 Las Animas County Public Safety Complex, NM (100 beds) * 1998 McKinley County Detention Center and Courthouse, NM (300 beds) * 1997 Garza County Juvenile Facility, TX (48 beds) 1996 Bell County Juvenile Facility, TX (32 beds) 1995 Texas Dept. of Corrections Bartlett Facility, TX (1,112 beds) 1995 Texas Dept. of Corrections Bonham Facility, TX (1,112 beds) 1995 Texas Dept. of Corrections Plainview Facility, TX (1,112 beds) 1994 Cibola County Detention Facility, NM (400 beds) * * 11 Design-Build with Gerald Martin. 16

18 Otero County Prison Facility, Ph. I 110,300 sf facility 700 beds Fast-track project Cost: $12.9 million Completed:

19 Otero County Prison Facility, Ph. II 76,000 sf facility 697 beds Fast-track Cost: $11.86M Completed:

20 Cibola County Correctional Facility 200,000 sf 400 bed Phase I 500 bed Phase II Expansion Fast-track schedule Cost: $32 million Completed:

21 McKinley County Detention & Courts Facility 300-bed detention center Fast-track schedule Cost: $8 million Completed:

22 Bernalillo County Detention Center, Phase IV 40,406 sf facility 240 beds Cost: $6.5M Completion:

23 State of New Mexico Substance Abuse Facility 16 bed women s residence complex 16 bed men s residence complex (Ph. II) Center for substance abuse treatment and court & law enforcement training Fast-Track Design-Build Budget: $8.6 million Completed: 2010 (Phase I) 22

24 Rusk County Justice Center Henderson, TX 67,872 sf facility 291 beds Cost: $14.6 M Completion:

25 Polk County Detention Center Livingston, TX 105,208 sf facility 363 beds Cost: $16.7 M Completion:

26 Rolling Plains Regional Detention Center, Haskell, TX 67,872 sf facility 576 beds Cost: $14.6 M Completion:

27 Curry County Detention Center Addition Thank You for your consideration. 26