IBI GROUP 4 - 2010 - Laserfiche WebLink

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45 • Regulatory Risks • Design Schedule Delay Risks ( • Construction Schedule Delay Risks • Force Majeure Risks such as Earthquake, Flood and Others Deliverables: • Cost Methodology Report for Capital and O&M Cost Estimates • Draft and Final Preliminary Capital Cost Estimate Report • Draft and Final Preliminary Operations and Maintenance Cost Estimate Report Task 8 - Funding Source Identification Objective: To investigate a full range of potential funding sources and identify the relative advantages and disadvantages of each source. Approach: A funding source report will be developed that identifies and evaluates potential traditional and innovative revenue sources. The evaluation of potential sources will include documentation of permissible uses; ease of application/implementation; potential funding magnitude; local match requirements; funding application deadlines; and the potential for local assistance. Additionally, the report will provide a preliminary analysis of financing scenarios which will place different levels of emphasis on federal, state, and local funding sources, any innovative approaches identified, and potential cost sharing arrangements among the multiple operators that will use the facility. Challenges in this task include; • Identification of sources with higher potential to provide adequate revenues; • Ability to tier revenue sources to allow for phased receipt of revenue for conceptual design, preliminary and final design, construction, as well as on-going operations and maintenance; • Identification of potential revenues from possible shared users and from transit-supportive uses. The following three step process will be used to evaluate, screen, and refine possible funding sources and develop preliminary financial strategies. Step 1. Identify and Screen Inclusive Long List of Potential Funding Sources • Develop and present to City of Santa Ana and OCTA staff an inclusive "long" list of potential capital and operating and maintenance (O&M) funding sources which will include traditional federal, state and local programs and innovated approaches. The "long" list will be summarized in a matrix and will also indicate if the various sources can be used for capital uses, annual O&M costs or both. Additionally, a series of potential evaluation criteria to narrow down the "long" list will be presented for review and comment by City and OCTA staff. These criteria could include but not be limited to the following: City of Santa Ana Santa Ana Regional Transportation Center Master Plan IBI Group 1.25.10