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Enhanced Use Leasing

Enhanced Use Leasing. George A. Davies Consultant, Northrop Grumman Air Force Real Property Agency. Enhanced Use Leasing Overview. Air Force Portfolio Authority Asset Management Tool Use of Proceeds Corporate Program Execution Process EUL Myths Projects Under Consideration.

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Enhanced Use Leasing

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  1. Enhanced Use Leasing George A. Davies Consultant, Northrop Grumman Air Force Real Property Agency

  2. Enhanced Use Leasing Overview • Air Force Portfolio • Authority • Asset Management Tool • Use of Proceeds • Corporate Program • Execution Process • EUL Myths • Projects Under Consideration

  3. Major Air Force Installations in US McChord AFB Fairchild AFB Minot AFB Malmstrom AFB Grand Forks AFB Mountain Home AFB Hanscom AFB Ellsworth AFB Otis ANGB Westover ARB Beale AFB Selfridge ANGB FE Warren AFB McGuire AFB Hill AFB Offutt AFB Dover AFB Grissom ARB Travis AFB Buckley AFB Andrews AFB WrightPatterson AFB Scott AFB USAF Academy Schriever AFB Bolling AFB Peterson AFB Vandenberg AFB Langley AFB WhitemanAFB McConnell AFB Nellis AFB Seymour Johnson AFB Vance AFB Edwards AFB Pope AFB Arnold AFB Tinker AFB Kirtland AFB Shaw AFB Los Angeles AFB Luke AFB Altus AFB Little Rock AFB Cannon AFB March ARB Dobbins ARB Charleston AFB Columbus AFB Dyess AFB Sheppard AFB Davis-Monthan AFB Robins AFB Holloman AFB Barksdale AFB Moody AFB Maxwell AFB Goodfellow AFB Eglin AFB Kessler AFB Eielson AFB Tyndall AFB Randolph AFB Hurlburt Field Elmendorf AFB Laughlin AFB Lackland AFB Patrick AFB Kelly AFB MacDill AFB Hickam AFB Brooks AFB

  4. Original Authority Consideration in cash or in-kind In-kind consideration limited to maintenance, protection, repair and restoration In-kind consideration may be used only at installation where leased property is located Only 50% of cash proceeds available for installation use, remainder to military department Enhanced Authority Consideration in cash or in-kind In-kind consideration expanded to include: Maintenance, protection, alteration, repair, improvement and restoration (including environmental restoration) Construction of new facilities Provision of facilities Operation support Other appropriate services In-kind consideration may be used at any installation Not less than 50% (and up to 100%) of cash proceeds available for installation use 10 USC 2667 Enhanced Authority

  5. AFRPA Strategic Plan • Manage Property to Maximize Return • Refine Business Strategy • Strengthen Partnerships • AFCEE – Environmental Execution Agent • Support AF Corporate Objectives • Capitalize on AFRPA Consultant Expertise • Implement Corporate EUL Program

  6. “Enhanced Use Leasing”Asset Management Tool A lease of underutilized land, natural infrastructure and/or buildings for consideration equal to the assets’ fair market value • Consideration may be cash or in-kind • In-kind consideration may be allocated corporately • A minimum of 50% of cash consideration must be allocated to installation providing the asset EUL Handbook published June 15, 2005 http://www.afrpa.hq.af.mil/intranet/shared_documents/eul_handbook.pdf Unlocking & Returning the Value

  7. “Enhanced Use Leasing”Asset Management Tool • Implements Federal policies requiring efficient, business-like management of Federal real property assets (Executive Order 13327 - Federal Real Property Management) • Powerful capability • Increases ability to respond to mission shifts and realignments (i.e. Base Realignment and Closure (BRAC)) • Allows use of underutilized assets to support unfunded Air Force requirements • Provides greater flexibility in application of lease proceeds • Provides an alternative to property disposal

  8. EUL: Use of Proceeds • Proceeds used to sustain, restore, and modernize Air Force (AF) infrastructure • Primary categories of consideration: • Construct new AF facilities • Alteration, repair, and restoration of AF-owned facilities • Address natural infrastructure needs • Pay for base operating support, e.g., supplies & services Challenge: Apply corporate process & find incentives for installations to bring EUL’s forward for consideration

  9. Corporate Program • Centralized program for effective management of AF land, natural infrastructure, or equipment • Team approach involving Installations, MAJCOMs and Air Force Real Property Agency (AFRPA) in developing candidate EULs to be considered by the Executive Steering Group (ESG) • ESG will endorse programs that support AF validated unfunded requirements leading to project acquisition • AF process has been for the outlease and proposed consideration (cash or in-kind) to be presented and approved together

  10. PHASE V Project Closeout PHASE III Project Acquisition PHASE IV Project Management PHASE I Project Identification PHASE II Project Definition EUL: Execution Process • Develop notice of opportunity to lease • Solicit & select offerors • Congressional notification* • Execute lease • Determine mission requirements • Terminate or extend lease • Identify and evaluate candidate • Perform market feasibility study • Define preliminary concept • Trackcash orin-kindconsideration • Monitorlessee compliance • Portfolio Management • Developconcept • Business Case • Analysis • Obtainconceptapproval *Required if over $750,000 Team Members InstallationMAJCOMAFRPA SAF/GCN-RPO SAF/FMB/FMC SAF/IEI, AF/ILE SAF/IEE** InstallationMAJCOM AFRPA SAF/GCN-RPO SAF/IEI, AF/ILESAF/IEE** InstallationMAJCOMAFRPA SAF/GCN-RPO SAF/FMB/FMC SAF/IEI, AF/ILE, SAF/IEE** InstallationMAJCOMAFRPA SAF/GCN-RPO SAF/FMB/FMCSAF/IEI,AF/ILE, SAF/IEE** InstallationMAJCOM AFRPA SAF/GCN-RPO SAF/FMB/FMCSAF/IEI,AF/ILE, SAF/IEE** Action --- Coordination --- Approval **For Natural Infrastructure Asset EUL Projects

  11. EUL Myths • Must be severable land • Consideration in-kind can only be used at the host base • EUL’s are only “land deals” • All resources and funding for studies and analysis must come from installation or MAJCOM • Corporate approach precludes installations and/or commands from nominating proposed projects

  12. Projects Under Consideration • Hill AFB, UT - West Side Development Technology Park (3) • Kirtland AFB, NM - Technology Park (2) • Park City, UT – Silver Mountain Development • Hanscom AFB, MA - Technology Park • Tinker AFB, OK – Office Building/Childcare Facility • Robbins AFB, GA – Office Building • Wright-Patterson AFB, TX – Medical MRI/Hyperbaric Chamber (2) • Air Combat Command - Radar Sites (4) • Patrick AFB, FL – Off-Base Parcels (2) • Lackland AFB, TX – Medical Facility Utility/Support Facility (2) • Tyndall AFB, FL – Off Base Parcel/Support Facility (2) • Andersen AFB , Guam – Off-Base Parcels (2)

  13. Technology Park – Kirtland AFB, NM

  14. TO ORLANDO A1A 528 NORTH Off-Base Parcels – Patrick AFB, FL Cape Canaveral Air Force Station Banana River PHILLIPS PARKWAY (SR 401) East Turning Basin Site Location West Turning Basin Middle Turning Basin Port Canaveral Atlantic Ocean Cape Canaveral

  15. Cape Canaveral AFS Administration Complex Estimated Cost: $21M 100,000 SF 50,000 SF Air Force Building 50,000 SF Navy Building

  16. I-80 from SLC Silver Mountain TO ORLANDO NORTH Silver Mountain Site, Park City, UT Banana River East Turning Basin West Turning Basin Port Canaveral Atlantic Ocean

  17. Administrative Space – Hill AFB, UT 1 3 2 1 2 • Phase 1 • 130 acres • Within 1-7 years • Admin/retail • Phase 2 • 140 acres • Within 7-20 years • Admin • Phase 3 • 330 acres • Within 15-25 years • Admin/ light industrial NOTE: DATA ON FOLLOWING CONCEPT SLIDES NOTIONAL. EXACT WEST SIDE DEVELOPMENT LOCATION DEPENDENT ON F-22 MILCON.

  18. Office 660,000 Sq. Ft. Hotel 60,000 Sq. Ft. Retail 15,000 Sq. Ft. Restaurant 22,500 Sq. Ft. Total 757,500 Sq. Ft. Hill AFB WSD EUL ConceptPhase 1—North NOTIONAL DATA ONLY

  19. Office 875,000 Sq. Ft. Hotel 63,000 Sq. Ft. Retail 15,000 Sq. Ft. Restaurant 22,500 Sq. Ft. Total 975,500 Sq. Ft. Hill AFB WSD EUL ConceptPhase 1—South NOTIONAL DATA ONLY

  20. Hill AFB WSD EUL ConceptPhase 1A—South (S&M Complex only) NOTIONAL DATA ONLY Offices 350,000 sq ft

  21. WEST SIDE DEVELOPMENT Desired End State!!!

  22. Points of Contact Ms. Kathryn Halvorson, AFRPA Director (703) 696-5501, DSN 426-5501 kathryn.halvorson@afrpa.pentagon.af.mil Mr. Gerald Johnson, AFRPA/COO (703) 696 5540, DSN 426-5540 gerald.johnson@afrpa.pentagon.af.mil Mr. Richard Jenkins, AFRPA/COO Deputy (703) 696-5552, DSN 426-5552 richard.jenkins@afrpa.pentagon.af.mil Mr. Paul Macpherson, AFRPA/EUL Chief (703) 696-5246, DSN 426-5246 paul.macpherson@afrpa.pentagon.af.mil Mr. George Davies, AFRPA/EUL Consultant (703) 696-3480, DSN 426-3480 george.davies.ctr@afrpa.pentagon.af.mil

  23. QUESTIONS

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