7b Supp
ITEM NO.: 7b Supp DATE OF MEETING: Sept. 28 , 2010 Portwide 2011 Capital Budget Commission Workshop September 28, 2010 11 2011 Capital Budget Summary ($ in millions) Aviation Seaport Real Estate Corporate (1) Total Committed $231.4 $30.0 $15.4 $12.1 $288.8 Business Plan Prospective $106.8 $18.6 $5.0 $1.4 $131.8 Total $338.2 $48.6 $20.4 $13.5 $420.6 (1) Includes $0.5 million for CDD 22 2011 Capital Budget by Division Real Estate Division Corporate and CDD 5% 4% Total Spending: $288.8M Seaport Division 10% Aviation Division 81% Not including $132.6M of Business Plan Prospective Projects * Not including $131.8M of Business Plan Prospective Projects. 3 5-Year Capital Plan by Division The 5-year capital plan from 2011-2015 is $1.50 billion Aviation Committed Projects $487.5M Seaport Committed Projects $ 95.2M Real Estate Committed Projects $ 31.9M Corporate & CDD Committed Projects $ 23.7M Total Committed Projects $638.3M Aviation Business Plan Prospective* $563.3M Seaport Business Plan Prospective* $214.4M Real Estate Business Plan Prospective* $ 43.9M Corp & CDD Business Plan Prospective* $ 37.9M Total Business Plan Prospective* $ 859.5M *The preliminary numbers may change pending outcome of tax Levy discussions 4 CIP History 2001 2011 Total Committed CIP (000's) 600,000 500,000 400,000 300,000 200,000 100,000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2010 2011 Act Act Act Act Act Act Act Act Act Bud Est/Act Bud Total Committed CIP 400,000 471,000 467,300 490,400 514,100 470,105 393,035 329,022 317,785 332,310 246,971 288,827 5 Corporate & CDD 2011 Capital Budget Commission Workshop September 28, 2010 66 5 Year Capital Budget - Corp & CDD (In Thousands) Est. Act. 2011-2015 2010 2011 2012 2013 2014 2015 5 Yr Total Information & Communication (1) Technology 12,295 12,649 11,250 10,500 10,650 10,800 55,849 Corporate Small Capital and Fleet Replacement 100 300 475 475 475 625 2,350 CDD Small Capital and Fleet Replacement 0 523 502 944 662 743 3,374 TOTAL CORPORATE CIP 12,395 13,472 12,227 11,919 11,787 12,168 61,573 (1) Includes committed and business plan prospective projects. 7 2011 Capital Projects - Corp & CDD Total Project Corporate and CDD Projects: 2011 Budget Budget* Information and Communication Technology Infrastructure Small Capital $ 2,500 Business Applications Small Capital 2,000 Enterprise GIS Small Capital 250 PeopleSoft Financials Upgrade 2,500 $ 5,000 ID Badge 1,900 2,300 Police Records Mgmt System Replacement 1,000 1,300 Network Switch Replacement 1,000 1,500 Project Delivery System 299 1,525 Records & Document Management 200 800 Internet Redesign 300 500 Windows 7 Operating System Upgrade 300 500 Property Mgt. System Upgrade (Propworks) 400 450 Technology Total 12,649 Other Corporate and CDD CDD Fleet Replacement $ 363 CDD Small Capital 160 Corporate Small Capital and Fleet Replacement 300 Other Total 823 - Corporate and CDD Total 13,472 13,875 * Excludes Small Capital Projects 8 Seaport Division 2011 Capital Budget Commission Presentation September 28, 2010 Pier 90/91 Pier 86 Pier 66 Terminal 46 BNSF (SIG - North) Terminal 30 Terminal 5 On-Dock Rail BNSF (SIG - South) Terminal 25 Terminal 5 Terminal 18 UPRR (ARGO) 10 2011 SEAPORT KEY STRATEGIES 1. Commercial (Business) 2. Asset Stewardship 3. Green Gateway In addition, Seaport will support Key Corporate Initiatives including SharePoint and Metrics 11 Capital Budget Review Capital Budget reviewed by cross functional teams Reviewed all existing projects and identified new projects as driven by: 2011 Seaport Strategies New developments and information from customers and tenants Continuing effort to identify specific renewal and replacement projects First draft of Seaport 2011 Capital Budget presented with Business Plan in August 1212 Capital Budget Review (continued) Per policy effective in 2010, Seaport is financially self- sustaining Funding capacity for projects not yet determined Projects have been ranked as follows: Status 1: In progress and/or most critical to 2011 business plan and/or lease commitment Status 2: Critical to 2011 business plan Status 3: Less critical to 2011 business plan and/or more uncertainty 1313 Seaport 2011 Capital Budget Capital Budget Summary $'s in 000's 2011 2011-2015 2016-2020 Total Committed 29,990 95,160 17,930 113,090 Bus Plan Prospective 18,605 214,370 258,130 472,500 48,595 309,530 276,060 585,590 Other Prospective 0 198,576 329,950 528,526 Total 48,595 508,106 606,010 1,114,116 14 Seaport 2011 Capital Budget Containers and Support Properties Status Key Goal Priority Capital Project 2011 2011-2015 2016-2020 Total CONTAINERS & SUPPORT PROPERTIES Commit-Under Contract Commercial Strategy 1 Street Vacation Related Projects 1,415 7,640 0 7,640 Commit-Authorized Commercial Strategy 1 T18 S. End Fendering 2,370 2,370 0 2,370 Commit-Authorized Commercial Strategy 1 T10 Interim Development 5,585 5,585 0 5,585 Commit-Authorized Asset Stewardship 1 T5 Crane Cable Reels 2,800 2,800 0 2,800 Commit-Authorized Asset Stewardship 1 T18 Fender Damage Replacement 2,450 5,416 0 5,416 Commit-Div Pending Asset Stewardship 1 T108 Paving & Stormwater Upgrade (E) 500 7,000 0 7,000 Commit-Div Pending Commercial Strategy 3 Container Support Yard-3.5M TEU's #1 0 30,000 0 30,000 Bus Plan Pros Green Gateway 1 RFID Readers - Clean Truck Program 600 1,000 0 1,000 Bus Plan Pros Asset Stewardship 1 T108 Leased Area Paving 250 3,000 0 3,000 Bus Plan Pros Commercial Strategy 1 T5 New Cranes (4) 0 25,000 25,000 50,000 Bus Plan Pros Asset Stewardship 2 T18 Pile Cap Improvements 1,700 8,500 0 8,500 Bus Plan Pros Commercial Strategy 2 T46 Development 0 25,000 12,500 37,500 Bus Plan Pros Asset Stewardship 2 Container Dock Upgrades all Terminals 0 20,000 25,000 45,000 Bus Plan Pros Asset Stewardship 2 T18 Mitsubishi Crane Dr Upgrades 0 3,000 0 3,000 Bus Plan Pros Asset Stewardship 2 T18 Rail Crossings 0 1,000 0 1,000 Bus Plan Pros Commercial Strategy 3 Container Support Yard-3.5M TEU's #2 0 0 35,000 35,000 Bus Plan Pros Commercial Strategy 3 South T25 Container Yd Phase 2 0 14,500 0 14,500 TOTAL COMMITTED & BUSINESS PLAN PROSPECTIVE 17,670 161,811 97,500 259,311 Note (E): Environmental Project 15 Seaport 2011 Capital Budget Cruise Status Key Goal Priority Capital Project 2011 2011-2015 2016-2020 Total CRUISE Commit-Under Contract Commercial Strategy 1 P66 Bag Corridor & Passenger Screening 251 251 0 251 Commit-Under Contract Commercial Strategy 1 T30/91 Projects-Cruise Improve 373 538 0 538 Commit-Authorized Commercial Strategy 1 Cruise Capital Allow-CTA Lease 471 677 0 677 Commit-Authorized Commercial Strategy 1 Cruise TI Allowance-CTA Lease 200 290 0 290 Commit-Authorized Asset Stewardship 1 P91 Fender System Upgrade 1,815 4,805 0 4,805 Bus Plan Pros Green Gateway 2 P66 Shore Power (E) 7,000 14,700 0 14,700 Bus Plan Pros Asset Stewardship 3 T91 Second Gangways Per Berth 1,000 4,500 5,000 9,500 Bus Plan Pros Asset Stewardship 3 P91 Slope Stabilization 3,000 6,300 0 6,300 Bus Plan Pros Commercial Strategy 3 Widen T91 West Cruise Vessel Berth 200 2,300 0 2,300 TOTAL COMMITTED & BUSINESS PLAN PROSPECTIVE 14,310 34,361 5,000 39,361 Note (E): Environmental Project 16 Seaport 2011 Capital Budget Bulk, Industrial Properties and Docks Status Key Goal Priority 2011 2011-2015 2016-2020 Total BULK TERMINALS Commit-Authorized Commercial Strategy 1 T86 Grain Facility Modernization 1,530 8,687 0 8,687 TOTAL BULK TERMINALS 1,530 8,687 0 8,687 INDUSTRIAL PROPERTIES Commit-Authorized Asset Stewardship 1 T91 Water Main Repl N of Bridge 3,859 3,859 0 3,859 Commit-Authorized Asset Stewardship 1 T91 Roadway Pavement 214 214 0 214 Bus Plan Pros Asset Stewardship 2 Pier 90 C175 Roof Replacement 100 1,200 0 1,200 Bus Plan Pros Asset Stewardship 3 T91 Replace C173 Bldg,Rebuild Apron 0 1,000 18,830 19,830 TOTAL INDUSTRIAL PROPERTIES 4,173 6,273 18,830 25,103 DOCK OPERATIONS Commit-Authorized Commercial Strategy 1 N Harbor Island Mooring Dolphins 1,174 1,174 0 1,174 Commit-Div Pending Commercial Strategy 1 Pier 90 Additional 60T Bollards 814 814 0 814 Bus Plan Pros Asset Stewardship 2 T46 N Slip Replace Sprinkler Syst 1,000 1,000 0 1,000 Bus Plan Pros Asset Stewardship 3 T91 Berth 6&8 Redevelopment 1,000 34,115 0 34,115 Bus Plan Pros Commercial Strategy 3 Dredge Pier 90 East Berths 400 6,000 0 6,000 TOTAL DOCK OPERATIONS 4,388 43,103 0 43,103 TOTAL COMMITTED & BUSINESS PLAN PROSPECTIVE 10,091 58,063 18,830 76,893 17 Seaport 2011 Capital Budget Security and Other Status Key Goal Priority Capital Project 2011 2011-2015 2016-2020 Total SECURITY Commit-Authorized Security 1 Seaport Security Grant Rnd 7 547 547 0 547 Commit-Authorized Security 1 Seaport Security Grant Rnd 7B 528 528 0 528 Commit-Authorized Security 1 Seaport Security 2009 ARRA 724 724 0 724 Bus Plan Pros Security 2 Seaport Security Grant Rnd 8 880 880 0 880 Bus Plan Pros Security 2 Seaport Security Grant Rnd 9 875 875 0 875 Bus Plan Pros Security 2 Seaport Security Grant Rnd 10 100 900 0 900 TOTAL SECURITY 3,654 4,454 0 4,454 OTHER Commit-Div Pending Asset Stewardship 1 Seaport Small Projects 1,015 3,615 2,500 6,115 Commit-Div Pending Green Gateway 2 Seaport Green Port Initiative (E) 580 4,380 12,500 16,880 Commit-Div Pending Asset Stewardship 2 Seaport Fleet Replacement 275 746 430 1,176 Commit-Div Pending Asset Stewardship 2 Seaport Technology Projects 250 1,250 1,250 2,500 Commit-Div Pending Asset Stewardship 2 Seaport Preliminary Planning 250 1,250 1,250 2,500 Bus Plan Pros Commercial Strategy 2 Seaport Viaduct Mitigation 500 11,000 4,000 15,000 Bus Plan Pros Asset Stewardship 2 Contingency Renew & Replace 0 28,600 132,800 161,400 TOTAL OTHER 2,870 50,841 154,730 205,571 TOTAL COMMITTED & BUSINESS PLAN PROSPECTIVE 6,524 55,295 154,730 210,025 Note (E): Environmental Project 18 Seaport 2011 Capital Budget Summary of Seaport Environmental Projects (As Noted on Previous Slides) $'s in 000's 2011 2011-2015 2016-2020 Total Committed Seaport Green Port Initiative (E) 580 4,380 12,500 16,880 T108 Stormwater Upgrade & Paving (E) 500 7,000 0 7,000 Business Plan Prospective P66 Shore Power (E) 7,000 14,700 0 14,700 Total 8,080 26,080 12,500 38,580 Note (E): Environmental Project. These projects are in the pool of projects required to be funded through the Seaport Division's General Fund. 19 Real Estate Division 2011 Capital Budget Commission Review September 28, 2010 20 Capital Budget Review Capital Budget reviewed by cross functional teams Reviewed all existing projects and identified new projects as driven by: 2011 Real Estate Strategies New developments and information from customers and tenants Continuing effort to identify specific renewal and replacement projects First draft of Real Estate 2011 Capital Budget presented with Business Plan in August Funding capacity for projects not yet determined 21 Real Estate 2011 Capital Budget Capital Budget Summary $'s in 000's 2011 2011-2015 2016-2020 Total Committed 15,357 31,873 16,441 48,314 Bus Plan Prospective 5,000 43,920 32,700 76,620 20,357 75,793 49,141 124,934 Other Prospective 0 54,411 86,500 140,911 Total 20,357 130,204 135,641 265,845 22 Real Estate 2011 Capital Budget Committed Capital Budget $'s in 000's 2011 2011-2015 2016-2020 Total Under Contract 186 186 0 186 Commission Auth 10,481 13,935 0 13,935 Division Pending 4,690 17,752 16,441 34,193 Total 15,357 31,873 16,441 48,314 23 Real Estate 2011 Capital Budget Committed-Under Contract $'s in 000's 2011 2011-2015 2016-2020 Total RE Maintenance Shop Solution 186 186 0 186 Total 186 186 0 186 24 Real Estate 2011 Capital Budget Committed-Commission Authorized $'s in 000's 2011 2011-2015 2016-2020 Total FT S. Wall Reconstruction Phase 4 4,668 4,668 0 4,668 FT NW Dock E Fender Sys Replace 3,350 3,350 0 3,350 MIC Seawall Replacement 2,123 2,123 0 2,123 FT C15 HVAC Improvements 340 3,794 0 3,794 Total 10,481 13,935 0 13,935 25 Real Estate 2011 Capital Budget Committed-Division Pending $'s in 000's 2011 2011-2015 2016-2020 Total Small Projects 992 2,992 2,500 5,492 P69 N Apron Piling Cathodic 1,400 2,903 0 2,903 Tenant Improvements -Capital 775 2,742 575 3,317 Bell Harb Lighting Ctrl Upgrade 650 650 0 650 RE Div: Green Port Initiative 200 1,500 7,700 9,200 Fleet Replacement 173 4,465 3,166 7,631 Other 500 2,500 2,500 5,000 Total 4,690 17,752 16,441 34,193 26 Real Estate 2011 Capital Budget Business Plan Prospective $'s in 000's 2011 2011-2015 2016-2020 Total Renewal/Enhancement 5,000 43,920 32,700 76,620 Total 5,000 43,920 32,700 76,620 27 Real Estate 2011 Capital Budget Business Plan Prospective Renewal/Enhancement $'s in 000's 2011 2011-2015 2016-2020 Total RE: Contingency Renew & Replace 3,000 17,000 30,000 47,000 FT Paving/Storm Upgrades 750 1,500 0 1,500 FT Net Shed Solution 500 16,600 0 16,600 P66 Chiller Upgrades 350 350 0 350 FT C-15 Bldg Subsidence Improvement 150 2,500 0 2,500 SBM Fuel Dock Building 100 1,000 0 1,000 T102 Bldg Roof Replacement 100 2,430 0 2,430 FT C2 Roof & HVAC Replacement 50 1,175 0 1,175 FT C14 (Downey) Bldg Improve 0 450 400 850 SBM Central Seawall Replace 0 915 0 915 Other 0 0 2,300 2,300 Total 5,000 43,920 32,700 76,620 28 Aviation Division 2011 Capital Budget Commission Workshop September 28, 2010 2929 Capital Budget Overview New Projects driven by strategic priorities: Capacity and customer needs Safety and security Customer service Non-aeronautical Business Environmental Sustainability Asset preservation: renewal & replacement Use of Allowance CIPs to manage capital impact on airline costs (CPE) Forecast of CPE assumes all allowance dollars are spent Budget for newly approved project is deducted from allowance AAG/AAAC support significant new capital projects 3030 Capital Spending: 1999 - 2009 Capital Spending 450 400 350 300 250 200 150 100 50 - 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 31 Capital Budget: 2010- 2015 400 350 BP Prospective 300 Committed 250 200 150 100 50 0 2010 2011 2012 2013 2014 2015 32 Projects Moving to BP Prospective (Status 2) Figures in $000s $000's Aeronautical New FIS Improvements Phase 1 21,100 EGSE Rolling Stock 30,000 Access Control Biometrics Conc. D&N 1,600 Customs Border Protection Facility 1,320 CTX UPS upgrade 3,683 Concourse D Common Use 4,800 Airline Activity Management System 400 Lagoon 3 Bird Wire 386 Airfield Land Enhancements @ Tyee 800 Total 64,089 Aeronautical Renewal & Replacement Terminal Realignment 80,000 South Satellite HVAC 27,500 Airfield Lighting Control System 1,250 IWTP Fiber Installation 340 Fire Dept. Communications Infrastructure 500 Fire Dept. Facility Upgrades 3,500 Roof Replacement Phase 2 4,538 Total 117,628 Non-Aero Renewal & Replacement Club International remodel 2,000 Total 2,000 Total New Projects 183,717 33 CIP Allowances - Status 2010 Total Estimate 2011 2012 2013 2014 2015 2010-15 Aero Allowance Beginning balance 16,560 19,419 50,000 60,000 60,000 140,304 346,283 Budget Changes 350 (400) 5,000 4,950 Projects cut from CIP 3,975 2,525 1,000 7,500 Approved uses (225) (14,271) (75,573) (42,182) (30,616) (19,000) (181,867) Balance 16,685 4,748 (16,598) 20,343 30,384 121,304 176,866 Redistribute allowance (12,685) 30,252 51,598 14,657 4,616 (88,438) - Ending balance 4,000 35,000 35,000 35,000 35,000 32,866 176,866 Non-Aero Allowance Beginning balance 2,170 2,500 5,240 10,000 13,694 17,630 51,234 Budget Changes - Projects cut from CIP 300 250 550 Approved uses (1,720) (280) (2,000) Balance 2,470 780 5,210 10,000 13,694 17,630 49,784 Redistribute allowance (470) 9,220 4,790 - (3,694) (9,846) - Ending balance 2,000 10,000 10,000 10,000 10,000 7,784 49,784 Will redistribute allowances to push out unneeded 2010/2011 dollars to future years Projects that will compete: - FIS Improvements Phase 2 ($50M?) - Permanent Back-up Power ($30M?) - North Checkpoint Reconfiguration - Part 150 Recommendations 34 Capital Budget: 2010- 2015 400 Allowance 350 New BP Prospective 300 Rental Car Facility 250 Existing CIPs 200 150 100 50 - 2010 2011 2012 2013 2014 2015 35 Capital Budget: Strategic Drivers 2010 Total CIP Category Estimate 2011 2012 2013 2014 2015 2011-15 Committed 207,386 231,408 140,349 68,258 39,996 7,450 487,461 BP Prospective 8,930 106,801 170,211 129,207 83,866 73,200 563,285 Total 216,316 338,209 310,560 197,465 123,862 80,650 1,050,746 Strategic Driver Capacity & Cust Needs 31,267 59,590 107,614 90,094 59,083 42,237 358,618 Safety & Security 1,992 3,011 1,570 50 4,631 Customer Service 701 4,329 380 4,709 Non-Aeronautical 5,305 35,918 14,509 11,000 10,445 7,784 79,656 Non-Aero - RCF 149,729 110,928 32,293 143,221 Environmental 3,512 21,260 45,000 15,560 9,440 91,260 Renewal & Replacement 23,810 103,173 109,194 80,761 44,894 30,629 368,651 Total 216,316 338,209 310,560 197,465 123,862 80,650 1,050,746 36 Concourse D Common Use FIS Improvements Phase I Highline School Insulation C60 -C1 Interline Baggage 37 38 Capacity and Customer Needs 2010 Total Description Estimate 2011 2012 2013 2014 2015 2011-15 Conc D Common Use 770 2,015 2,015 4,800 FIS Improvements Ph. 1 2,100 19,000 21,100 Terminal Realignment 1,000 20,000 20,000 20,000 19,000 80,000 Highline School Insul. 8 414 12,028 6,317 16,781 35,540 Aircraft RON Parking 5,175 5,661 17,272 15,791 38,724 Delta Club Expansion 402 5,038 5,038 Loading Bridge Util 427 5,000 2,384 7,384 C60-C1 Interline Bag. 10 40 50 3,050 3,000 850 6,990 Aero Allowance 2,000 15,000 15,000 15,000 15,000 14,887 74,887 Other 23,245 24,567 19,865 27,921 4,302 7,500 84,155 Total 31,267 59,590 107,614 90,094 59,083 42,237 358,618 39 Parking Garage Retrofit Parking System Replacement Two New CTE Elevators 40 Non-Aeronautical 2010 Total Description Estimate 2011 2012 2013 2014 2015 2011-15 Parking Retrofit 7,600 7,600 Parking System Repl 470 8,994 327 9,321 Conces. Unit Readiness 153 1,200 558 1,758 Two New CTE Elevators 40 4,000 2,624 6,624 Non-Aero Allowance 2,000 10,000 10,000 10,000 10,000 7,784 47,784 Other 2,642 4,124 1,000 1,000 445 - 6,569 Total 5,305 35,918 14,509 11,000 10,445 7,784 79,656 Rental Car Facility 149,729 110,928 32,293 143,221 Total Non-Aero 155,034 146,846 46,802 11,000 10,445 7,784 222,877 41 EGSE Rolling Stock EGSE Charging Stations Preconditioned (PC) Air 42 Environmental Sustainability 2010 Total Description Estimate 2011 2012 2013 2014 2015 2011-15 EGSE Charging Stations 750 5,000 6,000 2,660 13,660 EGSE Rolling Stock 5,000 25,000 30,000 Airfield Land Mit - Tyee 300 500 800 Stage 2 Mech Energy 200 1,000 900 2,100 Preconditioned Air 1,962 8,000 10,000 11,000 8,907 37,907 Other 800 2,760 2,500 1,000 533 - 6,793 Total 3,512 21,260 45,000 15,560 9,440 91,260 43 South Satellite HVAC Large Fan 8th Floor Weatherproofing South Satellite HVAC - Leaks South Satellite HVAC Louvers Propped Open South Satellite HVAC C-4 Facility Example 44 Renewal and Replacement 2010 Total Description Estimate 2011 2012 2013 2014 2015 2011-15 Water System Isol Valve 100 1,900 1,900 South Sat. HVAC 500 7,200 10,100 9,700 27,500 8th Floor Weatherproof 505 6,523 5,979 12,502 Roof Replacement Ph. 2 220 4,218 4,438 Garage R&R 135 1,000 10,865 11,865 FIMS Phase 2 900 3,500 2,600 6,100 North Sat. Seismic 10 250 500 2,500 4,250 2,675 10,175 Airfield Pavement Repl. 170 10,500 5,075 5,075 5,075 4,775 30,500 Terminal Escalator Mod. 865 10,000 20,000 22,000 1,819 53,819 Vertical Conveyance 1 275 3,000 3,000 1,379 7,379 Vertical Conveyance 2 9,469 4,885 5,780 20,134 Claim Device 14 10 2,485 1,505 3,990 Allowance 2,000 20,000 20,000 20,000 20,000 17,979 97,979 Other 18,840 33,826 23,367 13,927 4,050 5,200 80,370 Total 23,810 103,173 109,194 80,761 44,894 30,629 368,651 45 Summary Capital spending needs in the next five years is moderate compared to previous 10 years Two major drivers of spending: Airline customers Asset management renewal and replacement Airlines support major new capital projects Five-year budget maintains capacity within Allowance CIPs to accommodate new projects Five-year CPE projection has not changed as a result of capital spending Terminal realignment may drive up CPE in near term 46 2011 Capital Budget Commission Review September 28, 2010 47
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