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  • Mike Heilgenstein of The CTRMA: The Central Texas Approach

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    Mike Heiligenstein
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    As the first Executive Director of the Mobility Authority, Mike brings a unique blend of qualifications to the position. He served 23 years as a Central Texas public official in the rapidly growing communities of Round Rock and Williamson County. As both a City Councilman and County Commissioner, he initiated and helped supervise over $500 million in capital improvement projects. In 2000, he spearheaded a $350 million transportation initiative that changed the dynamics of mobility throughout Central Texas. Mike was actively involved in all aspects of implementing the program: public presentations; contract management; rating agency presentations; pricing as well as personally engaging in needed land acquisition for the Central Texas Turnpike Project, SH45. Mike has also been a leader in environmental and other public infrastructure causes throughout his public career.

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    Mike Heilgenstein of the CTRMA: The Central Texas Approach

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    As the first Executive Director of the Mobility Authority, Mike brings a unique blend of qualifications to the position. He served 23 years as a Central Texas public official in the rapidly growing communities of Round Rock and Williamson County. As both a City Councilman and County Commissioner, he initiated and helped supervise over $500 million in capital improvement projects. In 2000, he spearheaded a $350 million transportation initiative that changed the dynamics of mobility throughout Central Texas. Mike was actively involved in all aspects of implementing the program: public presentations; contract management; rating agency presentations; pricing as well as personally engaging in needed land acquisition for the Central Texas Turnpike Project, SH45. Mike has also been a leader in environmental and other public infrastructure causes throughout his public career.

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    Attribution Non-Commercial (BY-NC)
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    22 tayangan4 halaman

    Mike Heilgenstein of The CTRMA: The Central Texas Approach

    Diunggah oleh

    Mike Heiligenstein
    As the first Executive Director of the Mobility Authority, Mike brings a unique blend of qualifications to the position. He served 23 years as a Central Texas public official in the rapidly growing communities of Round Rock and Williamson County. As both a City Councilman and County Commissioner, he initiated and helped supervise over $500 million in capital improvement projects. In 2000, he spearheaded a $350 million transportation initiative that changed the dynamics of mobility throughout Central Texas. Mike was actively involved in all aspects of implementing the program: public presentations; contract management; rating agency presentations; pricing as well as personally engaging in needed land acquisition for the Central Texas Turnpike Project, SH45. Mike has also been a leader in environmental and other public infrastructure causes throughout his public career.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 4

    Texas Regional Mobility Authorities

    • #1 Central Texas
    • #2 Alamo
    • #3 Grayson County
    The Central Texas Approach • #4 Northeast Texas
    • #5 Cameron County
    • #6 Hidalgo County
    • #7 Camino Real
    Mike Heiligenstein
    Executive Director

    The Texas Model The Texas Model


    • Board of directors (appointed) • A blend of funding sources
    – Local control – Revenue bonds – Grants and loans
    • A multi-modal approach – Private equity • Toll Equity Grant
    – Planes, trains, automobiles and more • Texas Mobility Fund
    – Private capital
    • TIFIA
    • Jurisdictional flexibility – Federal funds
    • SIB
    – Multiple counties – State funds
    – Non contiguous counties – Local contributions/taxes
    – Concession agreement
    • Innovative contracting methods
    – Comprehensive development agreement

    1
    Getting Started The Mobility Authority Process
    • Government loans, grants and donations create • The county or counties file a petition with
    financial foundation
    the Transportation Commission for creation
    • Revenue bonds or private investment provides
    primary capital
    of a Mobility Authority
    • Tolls or fees generate revenue to meet debt • Commission reviews the application to
    obligations insure all requirements have been met
    • As business increases, surplus revenue can be • TxDOT conducts public hearing(s)
    used to fund other regional mobility needs
    • Feasibility account in first bond financing • Transportation Commission reviews
    issuance application and public comment before
    determining whether to authorize

    The Central Texas Regional Mobility


    First Project
    Authority
    • 1st regional mobility • Originally proposed in 1982
    authority in Texas
    • Being built under a Comprehensive
    • Began operation in
    Development Agreement
    January 2003
    – Design/build process
    • Bi-county agency with
    seven member board – Contractor assumes risk
    • Initial focus regional – Guaranteed maximum price of $166 million
    toll road plan – Guaranteed completion March 2007
    – Public involvement activities included

    2
    Benefits of CDA Process Sources of Funding
    • Fosters innovation
    • Best value approach
    Senior Lien Bonds $167,967,611
    • Expedited schedule
    • Reduced risk TIFIA LOAN
    BANS (Bond Anticipation Notes)
    Notes) $66,000,000
    $66,000,000

    TxDOT Equity $64,700,000

    Local Contributions (Right-


    (Right-of-
    of-Way) $18,000,000

    Texas’ First Concession Agreement – SH


    Next Project – 290E
    130
    • 5.6 to 9 mile project running from U.S. 183 • SH 130
    – Part of Trans Texas
    to SH 130 with possible extension past Corridor
    Manor to FM 973 – Cintra-Zachry financing
    completion from Austin to
    • First segment replicates CDA arrangement Seguin
    on 183A – $25 million upfront
    concession payment
    • Second segment planned as a concession – TxDOT to share toll
    revenue, eventually
    reaching 50/50 split
    – Southern half financed
    under CDA agreement and
    managed by TxDOT

    3
    The Central Texas Approach

    Mike Heiligenstein
    Executive Director

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