Florida Government Officers Association 2006 Annual Conference Marco Island PublicPrivate Partnershi

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Florida Government Officers Association2006
Annual ConferenceMarco IslandPublic/Private
PartnershipsJune 13, 2006
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Presentation Panel Members

• Jeff Larson, Senior Vice President, Regional
  Manager, D.A. Davidson Co.
• Robert Koch, Chairman, Fugleberg Koch Architects,
  CEO, Group One
• William Merck, Vice President Finance
  Administration, University of Central Florida
• Dennis Biggs, Executive Vice President, KUD

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Traditional Financing Options What is the
Project?

• Initial Questions
• Amount and Scope ______________________________
• Timing________________________________________
• 3. Priority Source of Request?
  ______________________
• 4. What assets would be financed?_________________
  ____
• 5. Corresponding term of debt?____________________
  ____
• 6. Other Considerations
• Private versus Public Benefit?
  ______________________
• Public Sector Commitment? ______________________
  _
• Citizen Commitment? ___________________________
• 7. Public Sectors Objectives Post Completion?
  ___________

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Examples of Types of Issues in Florida Include

• Project Financings
• Tax Increment Financings
• General Obligation Bonds
• Water and Wastewater Revenue Bonds
• Electric Utility Revenue Bonds
• Industrial Development Revenue Bonds (IDBs)
• Solid Waste Revenue Bonds
• Sales Tax Revenue Bonds
• Certificates of Participation (COPs) (RABs)
• Covenant to Budget and Appropriate (Capital
  Improvement Revenue Bonds)
• Parks Impact Fee Bonds
• Tourist Development Revenue Bonds
• Fixed and Variable Rate Issues
• Private Placements
• Non-rated, High Yield Bonds
• Special Assessment bonds
• Port Revenue Bonds

• Housing / Student Housing
• Public Service Tax Revenue Bonds
• Community Development District Bonds
• Gas Tax Bonds
• Franchise Fee Revenue Bonds
• Infrastructure Sales Surtax Bonds
• Bond Anticipation Notes (BANs)
• Tax Anticipation Notes (TANs)
• Grant Anticipation Notes (GANs)
• Lease Purchase Bonds
• Airport Revenue Bonds
• Excise Tax Revenue Bonds
• Housing Bonds (multiple types)
• MSTUs, MSBUs
• Refundings
• Synthetic Refundings
• Conduit Issues
• Revolving Line of Credit
• Junior Lien / Subordinate Bonds

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Non-Rated Project Financings Include

• Charter Schools
• Ski Gondolas
• Market Rate Housing
• Sports Facilities
• Fire Protection District
• Flood Control
• Hospital / Health Care
• Hotel
• Airport Terminal
• Taxable Training Certificates
• Environmental Revenue Bonds

• Community Development Districts
• Shopping Malls
• Multi-Family Housing
• University/Colleges
• Dormitory Financings
• BANs
• Community Redevelopment Agencies TIF
• Industrial Development Revenue IDB
• Library
• Equipment Lease Purchase Agreement
• Certificates of Participation

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Non-Traditional Financing Options What is the
Project?

• Suggestions Additional Questions Recommended
  Focus
• Take a Fresh, Non-Governmental Perspective
• Are There Other Public, Private Interested
  Parties and/or Potential Partners? What Are
  Their Potential Benefits? How Do You Locate
  Them? How Are The Interactions And Commitments
  Negotiated?
• 3. Does the Project Site Provide Potential For a
  Mixed-Use Project? Is Other Land Available For
  Private Sector Use Elsewhere?
• 4. Can Private Enterprises Skill Sets, Capital,
  Profit Generation Abilities Be Harnessed to
  Produce Net Cash Flow to Cover Public Sector
  Debt, While Still Achieving Public Sectors
  Objectives?

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Financing Ranges
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Public/Private Partnerships from a
Consultant/Architects Perspective

• Bob Koch to provide

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Public/Private Partnerships from a Government
Finance Officers Perspective

• Bill Merck to provide

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Public/Private Partnerships from a Developers
Perspective

• Dennis Biggs to provide

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Public/Private Partnerships from a
Consultant/Architects Perspective

• Bob Koch to provide

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Questions Answers