HomeMy Public PortalAbout06-E) Temple City P3Overview
Public Private Partnerships (P3)
September 30, 2014
1
What is P3?
PUBLIC-PRIVATE PARTNERSHIPS (P3)
A business relationship between a government agency and a private-sector company for the purpose of completing a project that will serve the public.
Public-private partnerships can be used to finance, build and operate projects such as public transportation, parks, and educational facilities.
2
Infrastructure / Social Infrastructure
PUBLIC-PRIVATE PARTNERSHIPS (P3)
Infrastructure
Traditional P3 projects have centered on infrastructure projects (bridges, toll roads, utility plants).
Social Infrastructure
Within
recent years, P3 projects are now also centered on social infrastructure (libraries, public safety facilities, educational facilities and civic centers).
3
Brief History of Project
BRIEF HISTORY
Initial City / School District Joint Meeting
January 2013
Meetings with Ad-Hoc Committee Members (City and District )
February – September 2013
County Library Prepared
Facility Program
September – December 2013
City Initiated City Hall Facility Program
August 2014
4
Tax-Exempt Lease
Public agency finances public facilities by borrowing funds.
Asset is transferred to public agency either at beginning or end of lease term.
Portion of lease payment
used to pay interest is tax-exempt.
P3 Financing Types
Source: National Council for Public-Private Partnerships
5
Developer Finance
Private party finances the construction of public
facility in exchange for opportunity to develop
residential and/or commercial uses at the site.
P3 Financing Types
Source: National Council for Public-Private Partnerships
6
Examples of P3 Development
TRANSPORTATION PROJECTS
Infrastructure and operations of public roads and highways.
PARKS
Private maintenance and operations agreements for federal, state, and local parks.
EDUCATION
FACILITIES
Leveraging private real estate for public schools.
INFORMATION TECHNOLOGY
High speed internet infrastructure/access for America’s cities.
UNIVERSITY EDUCATIONAL AND HOUSING
PROJECTS
Dormitories, laboratories, athletic facilities, dining establishments, and conferencing.
7
P3 Examples
Vista Civic Center
Civic Center and Community Room
Downtown Mixed Use Housing and Retail
Office Building for San Diego Housing Commission
Condominium Building with Subterranean Parking
San
Marcos Civic Center
Mixed-use City Hall, Library, Office, and Retail
New Middle School and High School
Fairfax County Public School District in Partnership with
Clark Education, Virginia
New
High School and Town Center
(City Hall, City Library, and Aquatic Center)
Natomas Unified School District in Partnership with
North Natomas Town Center, Sacramento, California
New
Elementary School and Market Rate Housing
Washington DC Public Schools in Partnership with the District of Columbia
Source: Keyser Marston
8
Overview
Public Private Partnerships (P3)
Reference
National Council for Public Private Partnerships
http://www.ncppp.org/
9