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March 12, 2014. Public Private Partnership Projects G. Paul Storey, Executive Director, Foundation, CSPU Pomona Dr. Steven Lohr, Chief, Land Use Planning.

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Presentation on theme: "March 12, 2014. Public Private Partnership Projects G. Paul Storey, Executive Director, Foundation, CSPU Pomona Dr. Steven Lohr, Chief, Land Use Planning."— Presentation transcript:

1 March 12, 2014

2 Public Private Partnership Projects G. Paul Storey, Executive Director, Foundation, CSPU Pomona Dr. Steven Lohr, Chief, Land Use Planning and Environmental Review, CSU Chancellor’s Office

3 Public Private Partnerships-Agenda Purpose of Public-Private Partnership (P3) projects Benefits of P3 projects Examples of P3 projects CSU P3 process Request for Proposal (RFP) RFP evaluation criteria Cal Poly Pomona Innovation Village

4 Public Private Partnership Projects Long-term contractual relationships that use or develop campus real property Purpose: Further the educational mission of the campus through the acquisition of physical assets, income and/or educationally related opportunities for students and faculty Often involves ground lease from CSU to campus auxiliary, which then subleases to a third party developer to design, construct and finance agreed upon development plan

5 Benefits of P3 Provision of development which university could not develop/fund on its own Utilize private sector which has successful experience in projects in certain projects Preserve bond capacity for other critical campus projects Facilitate integration of students into university life

6 Examples of P3 Projects in Higher Ed. On university property: Mixed-use projects; office- commercial development; hotels On private property (UC): Research, medical office, housing Other public agencies Cal Poly Pomona: Innovation Village

7 CSU P3 Process Step 1: Project Initiation Identify aspirations for development Land Development Review Committee (LDRC) Step 2: Concept Approval Board approval of concept Authorization to identify development team and negotiate terms

8 CSU P3 Process Step 3: Project Scope/Due Diligence Select development team and negotiate terms Due diligence effort Land Development Review Committee (LDRC) Compliance with California Environmental Quality Act

9 CSU P3 Process Step 4: Final Approval Submission to CO (due diligence; terms) Approval by Board (CEQA, Master Plan revision, Non- State Capital Outlay revision; development terms; design plans) Step 5: Execution of Development Agreement

10 Request for Proposal (RFP) Process Selection of development team Issuance of RFP Evaluation of developer qualifications Selection of “short list” of proposers Provision of more detailed proposals Selection of development team

11 Examples of Evaluation Criteria Ability to secure financing; financial strength Experience and expertise of development team Ability and experience in constructing, marketing, leasing and operating comparable properties Experience with P3 projects Commitment to spirit of development concept Furthering educational mission of campus

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