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middot ~~~~~~~q~~~~~~nM~~~~~middot~~~nbullbull~~middot~bull~bullbull-~~~n-~---bull-~~ft~middot~~--~~ - ~~~~~~~~~-~middot ~~~~~~~~~~-~~~~~~~~7-~~~~~~~~~~~-~~-~~-~~~-~~~middot - - - - - - - - - - bull - - -- - - - - - - - 11L
BROWN FIELD AIRPORT
Distinctive Projects Co1npany lnc Presentation to
Otay Mesa Planning Group 17 October 2007
Vision - A Signature Community Asset
o World Class Aviation Facility
o Supports all aircraft classes
o Operational efficiency
o Smart Development Project
Cl Superior design amp architecture
middot Eco-friendly amenities
This is DPCo
e bullbull and so much more
Current amp Recent DPC Projects
Premier Jet FBO (Carlsbad CA)
The Lofts at Moonlight Beach (Encinitas CA)
THE LOFTS AT MOONLIGHT BEACH
Desert Land Ventures Il l
a~~===~~illl~~===--=-==J (Palm Springs CA)
shy
5 -- ___- ~
Proposed Development Areas
----------------------------------
I
shy - - - 6
Parcel Key
-~--~----- shy-------~----------
~ ---middot-shy-s-- ---------shybull ltI ------middot-middot-------__ ------- t
--=---- -----------------------shy11 ---------I - _-shymiddotmiddot - bull I
I Jbull middot~
~-=- - Ifimiddot - middotI 1 shy)middot
~]JIll
Planned Uses AREA ACREAGE NAME DESCRIPTION I USE
A 2543 FBO Primary aviation business center
8 3012 GENERAL AVIATION Small aircraft storage amp maintenance facilities
c 426 SCHOOL Historical school site
D 983 HELICOPTER FBO Helicopter business center
E 1456 CORPORATE HANGARS Corporate aircraft storage facility
F 1117 AIRCRAFT APRON Large aircraft parking apron
G 59middot24 AIRCRAFT APRON Aircraft parking apron
H 5741 ENTERPRISE ZONE Bonded storage I solar farm
7796 ENTERPRISE ZONE Eco-industrial park
J 3828 AIR amp SPACE MUSEUM Relocated SDASM
K 680 RETAILCOMMERCIAL Airport hotel amp confmiddoterence center
L 2247 RET AILCOMMERCIAL Auto mall amp retail
M 1620 RETAILCOMMERCIAL Auto mall amp retail
Area AshyPrimary Aviation Business CenterFBO
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Vision - A Signature Community Asset
o World Class Aviation Facility
o Supports all aircraft classes
o Operational efficiency
o Smart Development Project
Cl Superior design amp architecture
middot Eco-friendly amenities
This is DPCo
e bullbull and so much more
Current amp Recent DPC Projects
Premier Jet FBO (Carlsbad CA)
The Lofts at Moonlight Beach (Encinitas CA)
THE LOFTS AT MOONLIGHT BEACH
Desert Land Ventures Il l
a~~===~~illl~~===--=-==J (Palm Springs CA)
shy
5 -- ___- ~
Proposed Development Areas
----------------------------------
I
shy - - - 6
Parcel Key
-~--~----- shy-------~----------
~ ---middot-shy-s-- ---------shybull ltI ------middot-middot-------__ ------- t
--=---- -----------------------shy11 ---------I - _-shymiddotmiddot - bull I
I Jbull middot~
~-=- - Ifimiddot - middotI 1 shy)middot
~]JIll
Planned Uses AREA ACREAGE NAME DESCRIPTION I USE
A 2543 FBO Primary aviation business center
8 3012 GENERAL AVIATION Small aircraft storage amp maintenance facilities
c 426 SCHOOL Historical school site
D 983 HELICOPTER FBO Helicopter business center
E 1456 CORPORATE HANGARS Corporate aircraft storage facility
F 1117 AIRCRAFT APRON Large aircraft parking apron
G 59middot24 AIRCRAFT APRON Aircraft parking apron
H 5741 ENTERPRISE ZONE Bonded storage I solar farm
7796 ENTERPRISE ZONE Eco-industrial park
J 3828 AIR amp SPACE MUSEUM Relocated SDASM
K 680 RETAILCOMMERCIAL Airport hotel amp confmiddoterence center
L 2247 RET AILCOMMERCIAL Auto mall amp retail
M 1620 RETAILCOMMERCIAL Auto mall amp retail
Area AshyPrimary Aviation Business CenterFBO
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
This is DPCo
e bullbull and so much more
Current amp Recent DPC Projects
Premier Jet FBO (Carlsbad CA)
The Lofts at Moonlight Beach (Encinitas CA)
THE LOFTS AT MOONLIGHT BEACH
Desert Land Ventures Il l
a~~===~~illl~~===--=-==J (Palm Springs CA)
shy
5 -- ___- ~
Proposed Development Areas
----------------------------------
I
shy - - - 6
Parcel Key
-~--~----- shy-------~----------
~ ---middot-shy-s-- ---------shybull ltI ------middot-middot-------__ ------- t
--=---- -----------------------shy11 ---------I - _-shymiddotmiddot - bull I
I Jbull middot~
~-=- - Ifimiddot - middotI 1 shy)middot
~]JIll
Planned Uses AREA ACREAGE NAME DESCRIPTION I USE
A 2543 FBO Primary aviation business center
8 3012 GENERAL AVIATION Small aircraft storage amp maintenance facilities
c 426 SCHOOL Historical school site
D 983 HELICOPTER FBO Helicopter business center
E 1456 CORPORATE HANGARS Corporate aircraft storage facility
F 1117 AIRCRAFT APRON Large aircraft parking apron
G 59middot24 AIRCRAFT APRON Aircraft parking apron
H 5741 ENTERPRISE ZONE Bonded storage I solar farm
7796 ENTERPRISE ZONE Eco-industrial park
J 3828 AIR amp SPACE MUSEUM Relocated SDASM
K 680 RETAILCOMMERCIAL Airport hotel amp confmiddoterence center
L 2247 RET AILCOMMERCIAL Auto mall amp retail
M 1620 RETAILCOMMERCIAL Auto mall amp retail
Area AshyPrimary Aviation Business CenterFBO
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Current amp Recent DPC Projects
Premier Jet FBO (Carlsbad CA)
The Lofts at Moonlight Beach (Encinitas CA)
THE LOFTS AT MOONLIGHT BEACH
Desert Land Ventures Il l
a~~===~~illl~~===--=-==J (Palm Springs CA)
shy
5 -- ___- ~
Proposed Development Areas
----------------------------------
I
shy - - - 6
Parcel Key
-~--~----- shy-------~----------
~ ---middot-shy-s-- ---------shybull ltI ------middot-middot-------__ ------- t
--=---- -----------------------shy11 ---------I - _-shymiddotmiddot - bull I
I Jbull middot~
~-=- - Ifimiddot - middotI 1 shy)middot
~]JIll
Planned Uses AREA ACREAGE NAME DESCRIPTION I USE
A 2543 FBO Primary aviation business center
8 3012 GENERAL AVIATION Small aircraft storage amp maintenance facilities
c 426 SCHOOL Historical school site
D 983 HELICOPTER FBO Helicopter business center
E 1456 CORPORATE HANGARS Corporate aircraft storage facility
F 1117 AIRCRAFT APRON Large aircraft parking apron
G 59middot24 AIRCRAFT APRON Aircraft parking apron
H 5741 ENTERPRISE ZONE Bonded storage I solar farm
7796 ENTERPRISE ZONE Eco-industrial park
J 3828 AIR amp SPACE MUSEUM Relocated SDASM
K 680 RETAILCOMMERCIAL Airport hotel amp confmiddoterence center
L 2247 RET AILCOMMERCIAL Auto mall amp retail
M 1620 RETAILCOMMERCIAL Auto mall amp retail
Area AshyPrimary Aviation Business CenterFBO
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
5 -- ___- ~
Proposed Development Areas
----------------------------------
I
shy - - - 6
Parcel Key
-~--~----- shy-------~----------
~ ---middot-shy-s-- ---------shybull ltI ------middot-middot-------__ ------- t
--=---- -----------------------shy11 ---------I - _-shymiddotmiddot - bull I
I Jbull middot~
~-=- - Ifimiddot - middotI 1 shy)middot
~]JIll
Planned Uses AREA ACREAGE NAME DESCRIPTION I USE
A 2543 FBO Primary aviation business center
8 3012 GENERAL AVIATION Small aircraft storage amp maintenance facilities
c 426 SCHOOL Historical school site
D 983 HELICOPTER FBO Helicopter business center
E 1456 CORPORATE HANGARS Corporate aircraft storage facility
F 1117 AIRCRAFT APRON Large aircraft parking apron
G 59middot24 AIRCRAFT APRON Aircraft parking apron
H 5741 ENTERPRISE ZONE Bonded storage I solar farm
7796 ENTERPRISE ZONE Eco-industrial park
J 3828 AIR amp SPACE MUSEUM Relocated SDASM
K 680 RETAILCOMMERCIAL Airport hotel amp confmiddoterence center
L 2247 RET AILCOMMERCIAL Auto mall amp retail
M 1620 RETAILCOMMERCIAL Auto mall amp retail
Area AshyPrimary Aviation Business CenterFBO
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
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ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
----------------------------------
I
shy - - - 6
Parcel Key
-~--~----- shy-------~----------
~ ---middot-shy-s-- ---------shybull ltI ------middot-middot-------__ ------- t
--=---- -----------------------shy11 ---------I - _-shymiddotmiddot - bull I
I Jbull middot~
~-=- - Ifimiddot - middotI 1 shy)middot
~]JIll
Planned Uses AREA ACREAGE NAME DESCRIPTION I USE
A 2543 FBO Primary aviation business center
8 3012 GENERAL AVIATION Small aircraft storage amp maintenance facilities
c 426 SCHOOL Historical school site
D 983 HELICOPTER FBO Helicopter business center
E 1456 CORPORATE HANGARS Corporate aircraft storage facility
F 1117 AIRCRAFT APRON Large aircraft parking apron
G 59middot24 AIRCRAFT APRON Aircraft parking apron
H 5741 ENTERPRISE ZONE Bonded storage I solar farm
7796 ENTERPRISE ZONE Eco-industrial park
J 3828 AIR amp SPACE MUSEUM Relocated SDASM
K 680 RETAILCOMMERCIAL Airport hotel amp confmiddoterence center
L 2247 RET AILCOMMERCIAL Auto mall amp retail
M 1620 RETAILCOMMERCIAL Auto mall amp retail
Area AshyPrimary Aviation Business CenterFBO
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
~]JIll
Planned Uses AREA ACREAGE NAME DESCRIPTION I USE
A 2543 FBO Primary aviation business center
8 3012 GENERAL AVIATION Small aircraft storage amp maintenance facilities
c 426 SCHOOL Historical school site
D 983 HELICOPTER FBO Helicopter business center
E 1456 CORPORATE HANGARS Corporate aircraft storage facility
F 1117 AIRCRAFT APRON Large aircraft parking apron
G 59middot24 AIRCRAFT APRON Aircraft parking apron
H 5741 ENTERPRISE ZONE Bonded storage I solar farm
7796 ENTERPRISE ZONE Eco-industrial park
J 3828 AIR amp SPACE MUSEUM Relocated SDASM
K 680 RETAILCOMMERCIAL Airport hotel amp confmiddoterence center
L 2247 RET AILCOMMERCIAL Auto mall amp retail
M 1620 RETAILCOMMERCIAL Auto mall amp retail
Area AshyPrimary Aviation Business CenterFBO
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Area AshyPrimary Aviation Business CenterFBO
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Area A- Slte Layout
APL ~ middot i
I ~ I It II II~~~ I_ ~Q_ -I -I _I _ ~
I bullbullmiddotmiddot i ~ -I J I 1 I I
I -j
I
I
- I
~~ -
~ __ _ - - - shy
- middot- - shy
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
- -
- ~ - - - - - -- - -shy1 bull 1Q
Area B - General AviationSmall Hangars
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
middot--- - - - - shy
tl _ -
Area B - Site Layout
0 0
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Area D - Helicopter FBO
0
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Area 0 - Site Layout J
- shy _ _
~-
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Areas E and F - Corporate Hangars amp Aircraft Apron (Site Layout)
_ middotI ~ ~~middot ~) ~~ ~ l~ middot ~ - ~ +- ------__
- _ 7 1 - I ) ( ----~----- - -middotmiddot-middot---- _ - - ~ ~~
~-~=jJ I I ~-- - (
(
~
0
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
- - - r 15 I bull
Area H - Solar Power Generating Facility Bonded Storage (dual-use)
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Area I - Enterprise Zone (Eco-lndustrial Park)
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
~ ~ ~ ~-~ --- - -- - - - - - - - 17 n ~ ~
1
Area J - San Diego Air and Space Adventure amp Technology Center
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
bullshy -shy
~ -- - - - - - -
--
-- - shy -shy -shy ~t
ii8 ~- u
Area K- RetailCommercial (Hotel amp Conference Center)
IIIIH] fHJU Ml ~ 0 IIRIWdl liOOI liD
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Areas L amp M - RetailCommercial (Auto Mall Alto Fuels Depot)
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Benefits to the Community
o World Class Aviation Facility o Educational and Tourism Magnet o RetailCommercial Facilities o Optimize FTZ amp CEZ Opportunities o Employment ~ Community Center o Protection of Sensitive Habitats o Sustainable Development
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
middot - - -- middot - middot -- - - - 21] - 1
Benefits to the City
o Guaranteed Rent o Projected Rent (PPL Sales Tax TOT etc) o General Revenues o Solar Generated Electric Power ( + 10 MW) o Engineering and Design (including runways) Q Supports Sustainability Initiatives
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
-
Financial Projections GJmiddotoss R~vcnuC
PPL Revenue STL Revenue Ground rent recapture
Total Gross Revenue
Less Commissions Closing costs City tee - PPLs City fee- STLs Tenant improvements
Total Net Revenue
Less Project Expenses Development amp Constmction Guarontecd Minimum Ground Rent
Tot~) Pamiddotoject E~penses
Net Opeamiddotating lncom~
Less Debt Scamiddotvicc (Sec Note 2) Development Loan Interest Points amp Fees
Total De-bt Scrvice
Gross Profit
Less Prefetmiddotred Return Partner Investor (See Note 3)
Total Preferred Return
NET INVESTMENT REMAINING
Year I
2706561 75000
2781561
(2781561)
(2856561)
94546 94546
(2953654)
Years 2- S
5762000 3656899 1340452
10759351
(239j3JO) (57627) (96229)
(182851)
8027334
15313542 1436956
116750498
(108723164)
12002763 12002763
(120864194)
7726190 7726190
(128619 587)
Yea~6-10
287369051 18136600 6602065
312107716
(17741192) (2873705) (4799064)
(906823)
285786932
230025456 6602065
236627521
49159411
41235848 41235848
7807038
17952968 17952)68
(10 166423
Ye01rs I l- IS
( 19684529 45160253 11442522
176287304
(8926612) (1196851) ( 1998733) (2257966)
161907142
139876465 J1442522
151318987
10588155
6252735 I 62527351
(52 119384)
29538178 29538178
(81691282)
Years 16-20
22517940 82853360 14757698
120128998
(I 351076) (225179) (376049)
(4142667)
114034027
14757698 14757698
99276329
54486883 54486883
44513272
48095408 48095408
(3637 035)
I22 ~ l
I
If l
Total
435333520 149807112 34142737
619283369
(304 14190) (4353362) (7270075) (7490307)
569755435
4 87922024 34314241
522236265
47519170
170252845 170252845
(123519829)
103407290 103407290
(227067981)
Note 1 Maxim urn Development Loan outstanding of$171250000 utilized throughout the 20 years of development
Nore 2 Based upon total costs for Project of$692500000 (Toto( Dev amp Cons Expenses+ Total Debt Service)
Note3 Maximum of$20000000 Equity Contribution with o 10 Preferred Retum
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Rental Offer (Page 1 of 2)
Pllrcel Slze Yeor 1 Vettr 1 Desai(UOII In Acres 2008 2009
Are A 2543
Area B 3012 56499
ArtIID 983
Arcnpound 1456
lICfl f 1117
AreoG 5924
Ar~H 5741
Area J 7796
ArcnJ 3828
AreoK 680
ATnL 2247
Are~M 1620
Pr~developmmt S75000 596504
Totnl Guaranteed Rml (1 amp 2) 36947 S1SOOO 5103003
Projeaed PPL amp STL letl (3 1938
Total Projent-d Rent amp Fees S7SOOO Sl0l941
Veur 3 20t0
$80328
pound20708lt1
S2874U
$2)305
Sl08717
YtIJ 4
lOll Sl458S
$82740
$266610
S37393S
505806
~79741
Vcac S 2012
SIOl292
SS5224
$-16710
5439380
$672606
SJf6409
S81901S
Year6 1013
SIC4340
$96476
157732
$509142
5147610
$915300
SJ28Jl8
SlU3H8
Year 201~
$107472
$144156
561298
$6992-10
$1
$250875
$1163041
Sl62J6l6
S3886lti68
YearS 2015
Sll8142
$148476
$72540
5720204
Sl
$281892
Sl3SIlSS
S96J6J3
$23lf888
Ynrl 20US
5149964
$152928
$7tl712
S4l8M
Sl
$290352
SJ-409761
$3~2601
StSltn362
Year tO 1017
$151bull164
$157512
$76956
Tollil Yean 1-10
$770259
$954339
$389948
SiS-$06-I
$17l9l6
$1
$37710
5199064
$4347528
$172936
$4
$37710
51269793
St66l707
SJ2092S
SZ872612
Sl71504
S911402l
$5792361
Stl906J82
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Rental Offer (Page 2 of 2)
~eel Size Y~~~tti Ye3r ll Vcu 13 Year 14 Ycu- IS Vellt 16 Yeampr 11 tor 18 Year 19 YC2lr zo Tottll CrandToiQl
OescrlpUon In Acres 2018 2019 2020 2021 20ll 2013 202-1 ZOl5 1026 2027 Veus 11-20 YtlltS 1middot20
AtJA S-13 $1~9119i $187530 S~l7536 $22~064 $230796 S2l7720 $24-18lt1-1 $521~ $259 7~ S267S-18 $2281070 $305132
AreoB 3012 $115618 $2501~2 S25765l $26$392 $l73360 S91S60 $290000 $298696 $307656 $316892 $2717038 $367377
AreoD 983 $79260 $81636 S8bull108-l $86616 S8920S sun S~I6middotH $97llamp1 SIOOmiddotI08 $103120 $90865~ Sl98600
Ar~E IbullIS6
Artttf 1117
AteaG S924
AreaH 941 $786960 S9105S2 $834851 $8S9920 $885741 S91ZlZ8 $99672 $967amp40 S9168S-I SIM6808 $9021$60 $13369088
Arfal 7196 $267168 S27Sl~i S28l~IO SSS9~S6 S60lH6 $61917 $638()1() $651168 S676888 $6972()1 SS27SS36 $5-lf841l
ArtttJ 3828 Sl $1 Sl Sl 52 S2 $2 $1 S2 S2 Sl6 no
Net~K 680 S9J216 $96012 $98892 $101856 $104916 Sl 08064 $111300 $114640 Sll SOSO $121624 $1068600 Slt06310
Artal 2VI7 $308016 Sli72S6 S326 772 SHM76 SH6692 S3570gt2 $367796 Sl78820 S390192 $middot101904 $lH1116 HII0090
bull Veo M 1620 SIS70S6 $161772 Sl66632 $17)628 $176772 $182072 $1875)6 $19)164 $1396632 $1396632
PrcmiddotlleYdopmtnt Sl7tS04
Totlll Cuauntt~d Rtnt (l amp l) 36911 S86939S $lOl83ll Sl26028S S159S7S3 $1698766 sz779758 S186J070 $1948901gt $3037398 Slll8566 Sl6lOOl20 SJ4Jl4l4J
Projccled PJgtL amp STL Fees (3) $)80884 $S5438S S1038H S114~19S $88501 S39lS7S S3S8361 SllOlll $70136 Sl18l44 $5627938 Sl142()l9
Total ProJlaquoIltgtd Rent amp Fers S225029 S2S727()8 Sll98810 $3741948 $3S8-It67 531713)3 SJ2214JJ $3269138 Sl3075H Sl-106810 5318liiIS8 S4S7Jl540
(I) DPC-6F wiU accclerlle l hc IIUUJwtt~tl grotmll rent b ased on Its ubUlly to uccelertle llevelop rncnt of spcdJlc parcels This to u large edenl will tlc11end onlsstQitce of necessury permits uud appro~IS
(2) For llU r poses of Utls proposal Ute slnr t dote o r April 2008 nn d the sdcdule ofgunrntneed rlllls nr c conUngcnt upon Approval orAgreement no Inter Uum Mnrd1 312008
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
ADDITIONAL INFORMATION
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
- - - - ----- - -- - - -
26
The Project Manager Financing
Development [ Richard Lee Sax Jeffrey Rush MD
Distinctive Projects Co fnc Tearn Financing
-Bruce Friedman
Diversified Lending Group
Financing
-Jeff Ross
Ross A via lion DPC- Brown Field
I
Develoumcnt Mann2er Construction Manager Environmental amp Finallce amp Legal Manager Pro(erty Manager
Rober t Wndell Rick Woolsey Wayne Rosenbaum Ray Plevyak WadeII Engi neering Cor p Richnrd amp Richard Canst Foley amp L11rdner LLP CMA
-
Aviation Exec Architect Aviation Environ In-house Counsel Fixed Base O~erations amp Site Design 1- shy amp Planning amp Regulato r y 1--shy -Robert Wadell Larry Reeves Wayne Rosenbaum Evan Stone Jerf Ross
Wndell Engineering Corp Reeves Assoc Inc Arch Foley amp Lardner LLP Pacific Medical Bldgs Ross Avintioo
Security amp IT Project Architect Environmental Marketing Sustaioability---- - shy-
Dan De Valk Oave Hawkins Dave Meyer Robert Billings lntelcsis Technologies Corp 112A Architects Brown amp Caldwell eFusion Consortium
-
Community amp
-- Govt Rela tions Nici Boon
lntlcp Consultant
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
Plmiddotoject TypeBtmiddotowtt Field lf
TenmMftnbetmiddot SignntmmiddoteProjeds IPlmiddotoject Fundion Commerdal Public
Ah]lOIt lndushial Munid1bullal Residential--c 61
Ricbnnl Lte Snx Dlstlnctlvt Projects Companylnc
P1middotoject Mnungtbullmiddot Pamiddotttntumiddot Jtf Lortsnt MoonU~etBtntle DtStl1 Lruul vtDiultS m
~ ~ ~
~
-shy ii r ~
~ l
ii ~ ~
Damiddot Jtffamiddott~middotRush
Bmct Ftitehnrul DlbulltrsllltdLtndbtg Group
JdfRoss Ross AviMion
Filumdug
Flttnndng
Fb1nncing1FBO
PamiddottmitrJtt Gbullmiddotoso1nont Mtdtcnl P lnzn Uvnrndo Ho~itnllgtltdirnl Ctnftl
PnmtumiddotJtt Drstlf L1md Vn1tun~m
1DDion Abmiddot Pnbn Sprlng~Pltmiti Jrt NtwpottJtt Ctnttl (SNA)
~
~
~
~
~
~
~
Robttmiddott W1u1tU PE WadtiiEUgbtetrbtgCorpornlion
DrvrlopJntllt M~middotmiddot UJI 011middot Coni1tltruat
Ovtr 400 Ril-pot1lllOjrcts lndudlug PnlomRl GWtspir amp Bonmiddottgo
~ ~ ~
RickVoolsry Richtrd tRichnrd Conmmiddotuction
Consh1U1ton 1lnnngtr
Prtmitl Jtt Crul~blltl Cotlotmiddotntt Crntra- Fun BlktCtnftl
~ ~ ~ ~
c 2
(-lt-= e c 0- l=t 1 iamp
~ Q IQ J
il p l=t
WnyneRosrnbnum Foley ~Lndntgtt LLP
Rny Pinnit ctU
DwtHnwklnsbullbullU~ HA ArchittcU
DRt 1-ltytl Bromt t Caldwell
RobtJ1 Billingltgt tFuslon Coruonlum
L1U1Y Rttts AI Rteves AS$oc Inc Atmiddotchittocts
EUI Stollt Plclfic Mtlllc~lBullcllngs
Emiromntnfnl amp LtgnJ Mnnngn
Fimmctamp Ploptt~middotMrutngtJ
Ptmiddotojtct Aa-rhUtct
Em1Jmiddotomntntlal Snslllinnbllily
Mukrriug
Extcnftn Arcltlttct amp Plrumbtg
lu-houst Counstl
NtgJtil~ts f 01 PnlotDIU Airport Em11middot OnllmuactdorLbulbngJa Fltlel
Pamiddotrtnlumiddot Jtt PnadrnttnlHomrBuUtlramiddots HNC Softwrumiddott
QunJrommA1niion (SAN) Extc1lfit Allmiddot Chmiddot - PnlotnlU
Snn Ditgo Liltdbtlgh All1101t EMS Sm Dltgo Mrnmiddoto Vn~1t Vntn ElbullL4
Lofts nt lIoonliglt t B tllrb Dtlltlf LrouJ Vrnrntmiddotrsm
Ptbulltmitr J tf D tsnt L nn d V tntuamiddotrs m Trumiddotgtt Gtntml Dynruntcs (Ktmny Mtsn
P ndflr1lttlicnl Bnildiu g~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
~
NhiBoon Indep Cotuulttm
CoantnuntQ amp Gov tRrlnftons
ChtcHtUcopttJ-xIJu (CnrJsllntl) Fblotmiddot Drotttl
~ ~
DmDtVllk lmtlt~l~Ttchnologlt~Corp
Strntil) amp IT Con~11Urutt
SIUtillnntc-Sysftln - SD Hrumiddotboamiddot Nwy ColntnuJllcntlollsSy~trms
