Crescent City Connection Operations Devolution Or Evolution
1 Crescent City Connection Operations Devolution or Evolution Presentation February 18, 2013 Contents 1. Recent Legislation 2. CCCD Restructuring 3. Toll Funded Services 4. Toll Operations 5. Estimated Annual Revenue and Costs 6. Future Plans 2 ACT No. 866 • Effective January 1, 2013 • Abolishes Mississippi River Bridge Authority MRBA • Terminates Crescent City Connection Division CCCD DOTD 3 ACT No. 866 • Transfers From CCCD To DOTD – Books, records, paper – Funds (previously appropriated) – Property (movable and immovable) – Buildings and Improvements • Abolishes Crescent Connection City Oversight Authority CCCOA 4 ACT No. 866 • Creates Crescent City Transition Fund – Toll Fund Balance as of December 31, 2012 – First $4M for CCCD Ferry Capitalization – Balance to NORPC for lighting, landscaping, grass cutting, trash pickup, improvements to ingress/egress 5 ACT No. 866 • DOTD may take over, control, operate, and regulate the Crescent Connection City Ferries • DOTD may privatize, franchise, or enter into a contract for ferry services – Alone or jointly with parishes or municipalities – Appoints NORPC as an advisor to ferry service contractor 6 ACT No. 865 • Effective January 1, 2013 • Creates a Special Fund, Crescent City Connection (CCC) Toll Fund – Source is Tolls, Administrative Fees, and Late Charges Collected – Not less than $10 M Annually into CCC Capital Projects (CP) Fund – Not to Exceed $2 M Annually to DPS for Police Functions 7 ACT No. 865 • Creates a Special Fund, Crescent City Connection (CCC) Toll Fund (Continued) – Operations and Maintenance Costs – Unexpended Monies transfer to CP Fund – All Monies in the Fund are Subject to Annual Appropriations by the Legislature 8 ACT No. 865 • CP Fund for Projects – “Pay-As-You-Go”, Match for Federal Funds, or Bond Payments – All Monies in the Fund are Subject to Annual Appropriations by the Legislature 9 ACT No.
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