Bond Construction Update Citizens Oversight Committee Long Beach Community College District November 1, 2007 BUILDING TOMORROW TODAY Cordoba Corporation

Agenda Completed Construction Projects Current & Upcoming Construction Projects South Quad Complex Structure LAC Central Plant Structure LAC Learning Resources Center – Structure LAC Building R, Mens Gymnasium Renovation PCC Central Plant PCC Learning Resources Center PCC Industrial Tech Phase 1 Q & A

Completed Construction Projects PCC Industrial Technology Center Phase 2 – 7/07 PCC Central Plant Utilities, LAC Central Plant & SQC Utilities – 6/07 LAC/LRC Interim – 5/07 East Campus Demo – 12/06 LAC Mens Gym Façade Replacement (FEMA & Insurance Funded) – 8/06 LAC/LRC Utilities – 6/06 PCC CDC – 4/06 Mens Gym Boiler Replacement – 4/06 LAC Athletic Field – 3/06 District Facilities & Warehouse Complex – 1/06 Various Projects – Completed in 2006 & 2007

LAC Facility Site Plan l i b e r a l a r t s

Current and Upcoming Construction Projects Part of Infrastructure Master Plan Improvements Awarded to Siemens on DBOM Contract Construction 31% Complete Completion Anticipated Summer 2008 LAC Central Plant – Structure

Current and Upcoming Construction Projects Construction 20% Complete Utility Installation Complete Under Previous Phase (Bid Pkg. #1) Completion First Quarter 2009 LAC/Learning Resources Center – Structure

Current and Upcoming Construction Projects Original floor and bleachers removed New sprung wood flooring system Lettering, graphics and game lines applied to the new floor system New telescopic bleachers installed on both the main floor and the mezzanine level Interior of the gym painted Lamps replaced for new fixtures and electrical capabilities added LAC Building R, Mens Gymnasium Renovation

Current and Upcoming Construction Projects Construction Approx. 44% Complete Additional Modern Classrooms, Multi- purpose Rm., Offices, etc. Shifts Campus Center South of Carson off Lew Davis Completion Summer 2008 South Quad Complex Structure (Bid Pkg. #3)

PCC Facility Site Plan p a c i f i c c o a s t

Current and Upcoming Construction Projects Part of Infrastructure Master Plan Improvements Early Utility Package Construction Complete DBOM Contract Awarded to Siemens; Finalizing Value Engineering Negotiations Construction Approximately 5% Complete Completion Summer 2008 PCC Central Plant

Current and Upcoming Construction Projects Construction 32% Complete Modern Facility with Computer Lab and Multimedia Expanded Facility Bridge to Bldg. EE Art Deco Style Completion Winter 2008 PCC Learning Resources Center

Current and Upcoming Construction Projects Replaces Existing Antiquated Structures Construction Begun Modern Facility Houses Machine Tool and Welding Departments New Campus Bookend Completion Winter 2008 PCC Industrial Technology Center Phase 1

Escalation Trends – per Leland Saylor Associates The latest update of our TBD Bid Index (for the second quarter of 2007) still shows bid prices rising, but not as steeply as during the past couple of years. Does this mean that we have reached a peak in the recent price increases? It may be rather premature to suggest that. History doesnt always repeat itself, but it doesnt hurt to consult it, so we looked back over the past 35 years at how escalation rates had changed. Unfortunately our own index only goes back to the start of 2003, so we looked elsewhere for the comparisons, specifically to the ENRs Building Cost Index and to Saylors Subcontractor Index. The former is national in its context and looks at changes in a specific basket of materials and union labor rates. The latter index is California based and looks at particular subcontractor prices, so it is more a gauge of bid prices.

QUESTIONS & ANSWERS Prepared by Bond Management Team November 1, 2007 BUILDING TOMORROW TODAY Cordoba Corporation