Ten year Capital Improvement Program and Preliminary Bond Information Land Development Committee September 2011

Areas of Discussion Ten Year CIP – Graphic Summary – Detailed cash flow(handouts) Summary Slides – Fairbanks, Maslin Maulin Statewide Survey – LAO Infrastructure Study (handouts) Preliminary Bond Information – RBC Capital Markets Continuation of August 3, 2011 discussion on Revenue and Entrepreneurial Activities Project Delivery Models – Legal Framework – Technical Overview 2

3 Capital Improvement Program Spending

4 New Buildings ProjectTotal Project Cost (6/11 est.)External FundingLocal Funding OCC Maritime Academy$8,444,040$6,533,305$1,910,735 CCC Garden Grove Joint Use Student CenterTBD Subtotal$8,444,040$6,533,305$1,910,735 Building Replacement ProjectTotal Project Cost (6/11 est.)External FundingLocal Funding GWC Science & Math$77,627,802$53,487,463$24,140,339 GWC Criminal Justice Training Center$18,415,801$10,338,684$8,077,117 GWC Language Arts Complex$33,571,588$19,242,956$14,328,632 GWC Business & Social Science Building$44,776,982$22,388,491 GWC Cosmetology Building$15,760,875$0$15,760,875 GWC Campus Safety Building$1,495,728 $0 OCC Language Arts Center$44,725,021$32,793,767$11,931,254 OCC Business, Math, Computing Center$43,629,000$0$43,629,000 OCC Student Union Complex$46,602,674$0$46,602,674 OCC Administration Building$14,416,178$0$14,416,178 OCC Planetarium$9,800,000 $0 OCC Recycling Enterprise$1,972,000 $0 Subtotal$352,793,649$151,519,089$201,274,560 Proposed Capital Improvement Projects

5 Proposed Capital Improvement Projects (cont.) Renovation/Modernization ProjectTotal Project Cost (6/11 est.)External FundingLocal Funding CCC Le-Jao Student Learning Support Center$3,485,241$1,848,844$1,636,397 CCC Garden Grove Learning Support Center$2,259,180$1,807,344$451,836 CCC Garden Grove Classroom Renovation$1,912,464$956,232 CCC College Center Student Support Center$8,341,212$4,170,606 CCC Newport Beach Student Support Center$1,021,140$816,912$204,228 GWC Student Services Center$20,826,073$16,100,857$4,725,216 GWC Technology Building Renovation$13,187,567$7,912,540$5,275,027 GWC Design Technology Renovation$1,836,000$0$1,836,000 GWC Community Center Renovation$4,184,547$0$4,184,547 GWC Rehabilitation Center Renovation$980,536$0$980,536 GWC Central Warehouse Renovation$4,532,038$0$4,532,038 OCC Chemistry Renovation$21,104,511$15,078,385$6,026,126 OCC Skill Center Renovation$8,856,785$5,314,071$3,542,714 OCC Adaptive P.E./Pool/Gym$22,423,835$0$22,423,835 OCC College Support Center$5,651,016$0$5,651,016 Subtotal$120,602,145$54,005,791$66,596,354 Equipment ProjectTotal Project Cost (6/11 est.)External FundingLocal Funding District-wide Technology Refresh$52,786,760$0$52,786,760 Subtotal$52,786,760$0$52,786,760

6 Proposed Capital Improvement Projects (cont.) Building Infrastructure ProjectTotal Project Cost (6/11 est.)External FundingLocal Funding CCC$8,583,152$0$8,583,152 GWC$35,332,045$0$35,332,045 OCC$29,288,125$0$29,288,125 Subtotal$73,203,322$0$73,203,322 Other Projects ProjectTotal Project Cost (6/11 est.)External FundingLocal Funding OCC Parking Structure$29,400,000$0$29,400,000 CCC NBLC Photovoltaic System$1,200,000$0$1,200,000 DIST Housing/Mixed Use DevelopmentTBD $0 GWC Housing/Mixed Use DevelopmentTBD $0 OCC Mixed Use DevelopmentTBD $0 GWC Physical Education Outdoor Labs$4,950,000$2,475,000 GWC Boys & Girls Club GymnasiumTBD $0 Subtotal$35,550,000$2,475,000$33,075,000

7 The Bottom Line: ProjectTotal Project CostExternal FundingLocal Funding New Buildings$8,444,040$6,533,305$1,910,735 Building Replacement$352,793,649$151,519,089$201,274,560 Renovation/Modernization$120,602,145$54,005,791$66,596,354 Equipment (Technology)$52,786,760$0$52,786,760 Building Infrastructure$73,203,322$0$73,203,322 Other Projects$35,550,000$2,475,000$33,075,000 Site Acquisition CCC Le-Jao Site Acquisition$4,862,500$0$4,862,500 CCC Newport Beach Site Acquisition$8,320,000$0$8,320,000 Debt Repayment CCC NBLC Debt Repayment$20,000,000$0$20,000,000 District-wide Contingency Infrastructure$31,765,882$0$31,765,882 Parking/Vehicular Circulation$7,025,000$0$7,025,000 Pedestrian Circulation$14,215,000$0$14,215,000 Site Improvements$6,925,000$0$6,925,000 Demolition$3,630,000$0$3,630,000 Swing Space$4,235,000$0$4,235,000 Equipment/Furnishings$15,410,250$0$15,410,250 Construction Management$33,449,016$0$33,449,016 Total CIP Estimate (Present Value)$793,217,564$214,533,185$578,684,379 Escalated Local Cost (3.6% annually) $610,598,821

8 Why Move Now? Time Value of Money Total program cost escalates to $655,230,311 if delayed two years and $703,256,072 if delayed four years. Secure required local match funds In the event of a State-wide facilities bond in 2012, District would need: - local commitment of $24M to secure $53M in State funds in local commitment of $20M to secure $43M in State funds in local commitment of $29M to secure $59M in State funds in 2014

9

Board Room 6:30 PM 10

11

12

13

September 6, 2011 Coast Community College District Bond Information

15 Coast CCD – Assessed Valuation Chart Source: CalMuni

16 $40 Million Project – Lease Revenue Bonds Scenario

17 Measure C and 2012 Election – Tax Rate Combination

18 Standalone 2012 Election – Tax Rates per $100,000 Assessed Value