Sean Agid presentation

1. Solving Big Problems with
Creative Government
Partnerships
New Jersey Future
Redevelopment Forum 2020
March 6, 2020

2. Stormwater Infrastructure
Why Stormwater?
Stormwater is a growing, unfunded mandate and environmental challenge, that
has become a burden on local government’s budgets, and impedes local
development and overall economic growth in communities nationwide.
Industry Challenges
• In New Jersey, and many other states, stormwater pollutions accounts for 60%
of water pollution
• Cities and counties face an unfunded mandate
• Stormwater infrastructure is fragmented, complex and geographically
dispersed
• Constantly changing and complex regulatory requirements
• Lack of public knowledge related to benefit of green infrastructure

3. Alternative Delivery Method
Benefits:
• Performance-Based – Private sector compensation is earned through
achievement of public goals
• Risk Mitigation – Private sector compensation is tied to successful delivery
of infrastructure holding the private sector accountable
• Aggregation – Projects are bundled together allowing for cost reduction
through economies of scale a faster implementation
• Investable – Historically stormwater was not viewed as an investable asset
class due to the small project size and unknown delivery risks. With the
successful completion of SW program and the aggregation of small projects
more investors are looking at the stormwater industry
• Lifecycle Asset Management – Long-term O&M plan ensures municipalities
remain compliant and have new or like-new assets throughout the partnership
• Contractor and Community Development – Opportunity to invest in local
community through programs such as mentor protégé program and outdoor
learning.

4. Case Studies

5. The Clean Water Partnership
In 2015, Prince George’s County, MD & Corvias developed the first ever
Community-Based Public Private Partnership
PG County Challenges
• Complex implementation and maintenance
• Noncompliant with regulatory MS4 and TMDL permits
• 60% of residents left the county each day to work in DC or Montgomery
• Limited contractor capacity throughout the County
Scope
• 30-Year agreement with two 3-year construction periods
• $210 million to retrofit 4,000 acres of green infrastructure
• Emphasis on community and workforce development

6. The Clean Water Partnership
Required Performance Metrics
• $50,000 cost per acre guarantee
• 3-year delivery schedule guarantee
• Minimum 51% county resident participation
• Minimum 50% local business participation
• Minimum 40% target class participation
Actual Results
• On time and on budget delivery
• 57% county resident participation
• 85% local business participation
• 84% target class participation
• Live dashboard available to public to track
programmatic results
https://analytics.consultaegis.com/published/d411389
ef2c9592d43e0252b2aac5ac8/cwp--county

7. Clean Water Partnership Dashboard

8. The Clean Water Partnership Benefits
Additional Benefits
• $115 million in 30-year low-interest rate loans at 1.90%
plus $2 million in grants
• 24 companies graduated the Partnership’s Mentor
Protégé Program and receive contracts on within the
scope of the Partnership
• Eight outdoor classrooms to be completed in Spring 2020
• More than 100 students educated on stormwater
management through the County’s Treating and Teaching
Program
• 30-Year O&M with fixed price
Annual Pollution Reduction
– 25,000 lbs of nitrogen
– 10,000 lbs of phosphorus
– 3.6 million lbs of sediment
– 1.6 billion gallons of stormwater runoff

9. City of Chester Community-Based Partnership
City Challenges
• Severe economic and poverty challenges making stormwater investments
unpopular
– $28,000 median household income, $15,000 per capita income
– Insufficient government funds, $50 million total city budget inclusive of police and
fire
• Aging infrastructure
Scope
• 30-Year agreement with a 4-year construction period
• $53 million to repair and upgrade stormwater infrastructure throughout the City
• Emphasis on community and workforce development

10. City of Chester Community-Based Partnership
Partnership Framework Process
• Due to the City’s insufficient budget, Corvias
provided working capital to establish partnership
& develop a funding mechanism
• Secured more than $1 million in grants to
establish a stormwater utility fee
• More than 400 potential projects analyzed and
prioritized
• Extensive community education process with 11
outreach meetings in each ward within the City

11. City of Chester Community-Based Partnership
Performance Metrics
• Zero city payments until infrastructure is
implemented and certified
• Working capital provided by Corvias to structure
partnership & develop funding source
• Local job creation and resident participation
requirements

12. City of Chester Community-Based Partnership
Results
• $53 million low-interest rate loan (20-year, 1.0%)
and grant financing plan approved
• Both green and grey stormwater projects
underway which will beautify the City
• 700 of 1,700 catch basins clean and assessed
within the first six months
• 12,000 gallons of standing water removed
• 42,000 gallons of debris removed
• Four local general contractors each awarded at
least $1 million+ contracts