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PROVIDING FUNDS TO IMPROVE MOBILITY, SUSTAIN DEVELOPMENT AND ENHANCE COMMUNITIES THROUGHOUT GEORGIA

WHAT IS GTIB?The Georgia Transportation Infrastructure Bank (GTIB) provides financial assistance for transportation projects that improve mobility, sustain development and enhance communities throughout the state.

WHO ADMINSTERS GTIB?The State Road and Tollway Authority (SRTA) is responsible for innovative financing of transportation projects in Georgia and operating toll facilities in the state of Georgia.

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We are a loan and grant funding resource available to government units in order to initiate and complete transportation projects.

We provide resources for bridge and highway (road) projects that are close to the start of, at, or under construction.

GTIB has provided the means to jumpstart or complete dozens of projects that demonstrate the powerful impact of public-private collaborations and projects.

FundingResource

Infrastructure & Growth

Building Partnerships

Supporting Economic Vitality

GTIB contibutes financially to road infrastructure projects that enable local communities and businesses to thrive.

WHO IS ELIGIBLE?All Georgia counties, cities, Community Improvement Districts (CIDs), and transit agencies are eligible and encouraged to apply for motor fuel eligible projects. The application process is outlined at GeorgiaTolls.com/GTIB.

Summary of GTIB Funding Through FY16

FY16 Annual Report

GTIB Program Total Funding Loan Program Awarded To-Date Grant Program Awarded To-Date $61,913,533.22

$83,056,846.00

$1,134,350.78 Remaining Funding

$20,008,962.00

MissionEnhancing mobility in Georgia by providing innovative transportation choices and financial solutions.

SRTA has five core values that guide and inform every aspect of the organization. Integrity, diversity, customer focused, collaboration and expertise are fundamental to the mission of the organization, and SRTA is committed to upholding those values in every decision it makes.

Values


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49 APPLICATIONSREQUESTING

17 GRANTS AWARDED TOTALING

3 LOANS TOTALING

ROUND FOURTOTAL PROJECT VALUE

$78 MILLION $22,018,189 $4,877,000 $242 MILLION

GTIB 2016 Annual Report

FOURTH ROUND RESULTS

Below is a list of award recipients that received awards in Round Four.FOURTH ROUND AWARDEES

Note: Three projects received both a GTIB grant award and loan award.

Atlanta DIDBarrow CountyBuckhead CIDBulloch CountyCobb CountyCumberland CIDCity of DoravilleCity of DunwoodyForsyth CountyCity of GainesvilleCity of Griffin Gwinnett CountyHall CountyLee CountyPeach CountyRed Top CIDCity of Sandy Springs

Peach County Project will construct a new two-lane extension for Russell Parkway from the endpoint of Housers Mill Road to Lakeview Road. The Russell Parkway extension will create a direct route between Peach County’s areas of residential growth and Robins Air Force Base.

Awarded: $1,395,395

Gwinnett CountyProject seeks to add four new ramps to create a full access diamond interchange on SR 324/Gravel Springs Road over I-85 (between SR 20/Buford Drive Exit 115 and Hamilton Mill Road Exit 120). Dedicated right turn lanes will be provided onto SR 324/Gravel Springs Road eastbound and I-85 northbound. Traffic signals will be placed at both of these intersections.

Awarded: $2,000,000

Bulloch CountyProject will make operational and intersection improvements along 2,800 linear feet of US 301 (just south of the I-16 Interchange at Exit 116). Interstate Gateway Corridor-Phase I will effectively attract prospects to the new industrial park and adjacent commercial parcels and also ensure safe and efficient traffic flow.

Awarded: $1,502,000

PROJECT SPOTLIGHT

BULLOCH COUNTY / CITY OF STATESBORO 2035 LONG RANGE TRANSPORTATION PLANLong Range Transportation Plan Technical Memorandum

Georgia Department of Transportation c

Modeled after programs used in 32 other states, GTIB was developed as a revolving infrastructure fund to provide grants and low-interest loans to local governments and community improvement districts for transportation infrastructure projects. The photos above highlight some of the projects awarded. Learn more about these projects by visiting GeorgiaTolls.com/GTIB.

Projects

ALPHARETTA ENCORE PARKWAY

PEACHTREE ST BRIDGE GWINNETT VILLAGE CID

BULLOCH COUNTYATHENS-CLARK

COUNTY

COBB COUNTY

Funding History

Type of Award Award Date Loan or Grant Committed Loan or Grant Drawdown Loan or Grant Balance As Of 6/30/16

Grant 1st Round (June 2010) $ 10,000,000.00 $ 7,855,908.64 $ 2,144,091.36 (March 2011) $ 389,000.00 $ 389,000.00 $ - 2nd Round (June 2012) $ 7,650,000.00 $ 5,952,135.51 $ 1,697,864.49 3rd Round (May 2014) $ 21,856,344.00 $ 4,846,142.20 $ 17,010,201.80 4th Round (June 2016) $ 22,018,189.00 $ - $ 22,018,189.00 Grant Subtotal $ 61,913,533.00 $ 19,043,186.35 $ 42,870,346.65

Loan (March 2011) $ 1,000,000.00 $ - $ 1,000,000.00 2nd Round (June 2012) $ 801,962.00 $ 300,000.00 $ 501,962.00 (February 2013) $ 2,000,000.00 $ 788,843.79 $ 1,211,156.21 3rd Round (May 2014) $ 11,330,000.00 $ 10,165,066.79 $ 1,164,933.21 4th Round (June 2016) $ 4,877,000.00 $ - $ 4,877,000.00 Loan Subtotal $ 20,008,962.00 $ 11,253,910.58 $ 8,755,051.42

Pursuant to the Georgia Transportation Infrastructure Bank Act, Bank Act, O.C.G.A 32-10-120 et seq, the State Road and Tollway Authority has been authorized to create and operate the GTIB program. Modeled after programs used in 32 other states, the GTIB was developed as a revolving infrastructure fund to provide grants and low-interest loans for local government transportation projects.

The GTIB was originally capitalized with a total of approximately $43,100,000 of funds from state motor fuel sources that were appropriated in the State of Georgia budgets in fiscal years ending June 30, 2009 and 2010, respectively. The GTIB received an additional $13,733,736 of funds from state motor fuel sources that were appropriated in the State of Georgia budget in fiscal year ending June 30, 2014 and the amended budget for fiscal year ending June 30, 2014. The GTIB received an additional $12,999,055 of funds from state motor fuel sources that were appropriated in the State of Georgia budget in each fiscal year ending June 30, 2015 and 2016, respectively.

The GTIB may provide loans and grants to government entities for transportation projects that demonstrate strong transportation merit, engineering merit, economic merit, project feasibility, innovative concepts and financial commitment. Eligible projects for the GTIB include highways, bridges, air transport and airport facilities, rails, or transit and bicycle facility projects which provide public benefits by enhancing mobility and safety, promoting economic development, or increasing the quality of life and general welfare of the public. Project eligibility may be further limited to comply with any special considerations associated with the GTIB’s funding sources.

Eligible costs are those related to preliminary engineering, traffic and revenue studies, environmentalstudies, right of way acquisition, legal and financial services associated with the development of thequalified project, construction, construction management, facilities, and other costs necessary for thequalified project.

Commitments and Contingencies

Georgia Transportation Infrastructure Bank (GTIB) Overview

In accordance with applicable pronouncements, the Authority has restricted $64,487,915 of the GTIB fund balance. The following table is a summary of the cumulative activity from inception of the program in fiscal year 2009 through the fiscal year ended June 30, 2016:

June 30, 2015

Activity for the Year Ended

June 30, 2016 June 30, 2016Contributions from Motor Fuel Funds $69,832,791 $12,999,055 $82,831,846Contributions from SRTA 225,000 - 225,000Net Earnings 440,743 154,663 595,406Loan Receivable 1,550,027 9,272,325 10,822,352Loan Interest Repayments 5,885 181,830 187,715Loan Principal Repayments - 122,693 122,693Loan Disbursements (1,530,027) (9,703,883) (11,233,911)Grant Disbursements (14,570,251) (4,492,935) (19,063,186)Restricted Fund Balane as of June 30 $55,954,168 $8,533,747 $64,487,915

During the fiscal year 2016, $22,018,189 in grants and $4,877,000 in loans were awarded to local governments and community improvement districts in the fourth round of GTIB awards. These awards will be disbursed in future periods as the awardees request reimbursement for the approved projects. The Authority met the legislative requirement to fund projects in Tier I and Tier II counties with at least 25% of the fiscal year 2016 GTIB funding allotment.

*Banks interest earned less bank fees

Restricted Fund Balance as of June 30

We are keeping Georgia moving.

SRTA will begin the process for the 5th Round of GTIB funding in January 2017. The application period for loans and grants will run from January 17 to March 17, 2017. Funds are limited so SRTA strongly encourages the timely submittal of complete applications after the opening date. Applications can be found at www.GeorgiaTolls.com/GTIB. For questions about GTIB loans and grants, please contact:

Cindy Treadway, Project Manager, 245 Peachtree Center Avenue NE, Suite 400, Atlanta, GA 30303404-463-3096 | [email protected]

www.GeorgiaTolls.com/GTIB

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