AgdaPkt 2008-05-19 Spec - Laserfiche WebLink

Browse Search

8A Page 6 The accelerated gas tax program has now completed its first pooled financing totaling $14.65 million and another issuance is planned for this fall. The overall borrowing rate equaled 4.67 percent. Participating cites and counties can borrow against their annual gas tax revenues for a term ranging from 10 to 35 years at low "AM" tax-exempt interest rates. Participants can generate up to $9 million in up-front proceeds for every $1 million in annual gas tax received from the state. This example assumes a participant applies 66 percent of its $1 million in amaual gas tax toward debt payments over the next 30 years. To participate in the fall 2008 gas tax pool. cities must sign up with California Communities and obtain city council approval by July 31. For more information about the gas tax program and how it can benefit your city. please contact Terrence Murphy (California Communities) at (925) 933-9229 ext. 223 or John Kim (De La Rosa & Co.) at (415) 999-4n9. More information on both TRIP programs is available at www.cacommunities.ofQ by clicking on Total Road Improvement Programs in the left hand navigation bar. Conference on Public-Private Partnerships Offered An informative conference helping city leaders explore the possibilities available with public- private partnerships will be held Friday. July 18 from 8 a.m.- 4 p.m. at the San Jose City Hall. Titled .Performance-Based Infrastructure: Making Public-Private Partnerships Work for Califomia." the event is organized by the Silicon Valley Leadership Group and co-sponsored by the League of California Cities. California is facing an estimated $500 billion infrastructure shortfall over the next 20 years. Public- private partnerships are one way for cities to get more for the money when building libraries, fire stations, transit lines, schools and other infrastructure. In public-private partnerships. governments can shift some of the risk to private sector partners for financing, designing. constructing, and sometimes operating and maintaining public improvements. Done right, the partnerships payoff in lower costs, better design, faster construction and better performance. Attendees will learn about: . What authority local governments have now to use public-private partnerships . How public-private partnerships might address infrastructure needs in your community . When and where the traditional methods for public projects still work best .. Arguments being made by unionized workers pressing for and against greater use of such partnerships . Other local and state agencies (and countries) who are using them to build an array of improvements For registration information contact Laura Stuchinsky at Istuchinsky@svlQ.net or visit www.svlg.net. Sustainable Cities Feature: Guest Article by Brian Gitt, Build it Green California Cities Greening California Housing with GreenPoint Rated These days. it seems like everyone's talking about green homes. and for good reason. Environmentally friendly homes not only save resources and money. they can last longer and hold their value better than similar homes. But how can you tell if a home really is better for the environment and healthier to live in? For dozens of California cities and counties the answer is GreenPoint Rated. 6