EXHIBIT S Annual Traffic and Revenue Report Fiscal Year 2012 Lee County Toll Facilities Sanibel Causeway Cape Coral Bridge Midpoint Memorial Bridge LEE COUNTY SOUTHWEST FLORIDA Annual Traffic and Revenue Report Fiscal Year 2012 Lee County Toll Facilities April 2013 Sanibel Causeway Cape Coral Bridge Midpoint Memorial Bridge LEE COUNTY SOUTHWEST FLORIDA Lee County Toll Facilities FY 2012 Annual Traffic and Revenue Report TABLE OF CONTENTS CHAPTER 1 INTRODUCTION TO THE LEE COUNTY TOLL FACILITIES ...................... 1 REPORT PURPOSE AND STRUCTURE ............................................................. 1 SYSTEM HISTORY………………………………………………… ......................................... 2 Facility Milestones ......................................................................................... 2 FACILITY PROFILES .............................................................................................. 5 Midpoint Memorial Bridge ............................................................................. 5 General Usage Characteristics .............................................................. 5 Facility Capacity .................................................................................... 6 Peaking Characteristics ......................................................................... 6 Future Improvements and Plans ............................................................ 6 Cape Coral Bridge ......................................................................................... 7 General Usage Characteristics .............................................................. 8 Facility Capacity .................................................................................... 8 Peaking Characteristics ......................................................................... 9 Future Improvements and Plans ............................................................ 9 Sanibel Causeway ......................................................................................... 9 General Usage Characteristics ............................................................ 10 Facility Capacity .................................................................................. 11 Peaking Characteristics ....................................................................... 11 Future Improvements and Plans .......................................................... 11 TOLL RATE SCHEDULES ...................................................................................... 11 CHAPTER 2 FY 2012 OPERATING CHARACTERISTICS AND TRAFFIC PROFILE .................................................................................................... 14 SEASONAL TRAFFIC VARIATIONS ................................................................. 14 Midpoint Memorial Bridge ........................................................................... 14 Cape Coral Bridge ....................................................................................... 16 Sanibel Causeway ....................................................................................... 18 DAILY TRAFFIC VARIATIONS ........................................................................... 20 Midpoint Memorial Bridge ........................................................................... 21 Cape Coral Bridge ....................................................................................... 21 Sanibel Causeway ....................................................................................... 22 HOURLY TRAFFIC VARIATIONS ...................................................................... 23 Midpoint Memorial Bridge ........................................................................... 23 Cape Coral Bridge ....................................................................................... 24 TABLE OF CONTENTS Page TOC-1 Lee County Toll Facilities FY 2012 Annual Traffic and Revenue Report Sanibel Causeway ....................................................................................... 25 ETC PARTICIPATION .......................................................................................... 26 TRANSACTIONS BY PAYMENT TYPE ............................................................. 28 TRANSACTIONS BY VEHICLE CLASS ............................................................ 30 CHAPTER 3 REGIONAL ECONOMIC GROWTH TRENDS .................................................. 32 HISTORICAL SOCIOECONOMIC TRENDS ...................................................... 33 Population .................................................................................................... 33 Employment ................................................................................................. 34 Household Income ....................................................................................... 36 Gross Regional Product .............................................................................. 37 Building Permits .......................................................................................... 37 Tourism ......................................................................................................... 38 Short-Term Recent Socioeconomic Statistics ..................................................... 39 Employment ................................................................................................. 39 Gross Retail Sales ....................................................................................... 41 Building Permits .......................................................................................... 42 Cape Coral Development ............................................................................ 43 PROJECTED SOCIOECONOMIC GROWTH .................................................... 44 CHAPTER 4 TOTAL TRANSACTIONS AND GROSS TOLL REVENUE ......................... 47 FISCAL YEAR 2012 TOLLED TRANSACTIONS AND REVENUE ................ 47 HISTORICAL TOLL TRANSACTIONS AND REVENUE ................................. 48 Systemwide .................................................................................................. 48 Midpoint Memorial Bridge ........................................................................... 51 Cape Coral Bridge ....................................................................................... 55 Sanibel Causeway ....................................................................................... 59 COMPARATIVE PERFORMANCE ..................................................................... 63 Other Florida Toll Facilities ......................................................................... 63 Caloosahatchee River Screen Line ............................................................ 64 AVERAGE TOLL ................................................................................................... 65 PROGRAM SALES ............................................................................................... 66 TRANSPONDER SALES...................................................................................... 68 VIOLATION ENFORCEMENT SYSTEM ............................................................ 70 EVENTS INFLUENCING TOLL TRANSACTIONS AND REVENUE ....................... 72 TABLE OF CONTENTS Page TOC-2 Lee County Toll Facilities FY 2012 Annual Traffic and Revenue Report CHAPTER 5 NET AND EXCESS TOLL REVENUE ................................................................. 74 NET TOLL REVENUE ........................................................................................... 74 EXPENDITURES AND EXCESS REVENUE ..................................................... 75 Senior Lien Debt Obligation ........................................................................ 75 Renewal and Replacement Fund ................................................................ 77 Interlocal Agreements ................................................................................. 77 Sanibel Interlocal Agreement ............................................................... 77 Cape Coral Interlocal Agreement ......................................................... 78 Capital Improvement Program .................................................................... 78 CHAPTER 6 GENERAL INSPECTION OF TRANSPORTATION FACILITIES ............... 79 LEE COUNTY TOLL FACILITIES ....................................................................... 79 Inspection Team .......................................................................................... 80 Bridge Condition Review Process ............................................................. 80 Toll Facility Condition Review Process ..................................................... 81 Roadway Condition Review Process ......................................................... 81 CAPE CORAL BRIDGES AND TOLL FACILITY .............................................. 82 Cape Coral Bridge Toll Plaza ...................................................................... 82 Architectural Condition ........................................................................ 84 Structural Condition ....................................................................................86 Mechanical and HVAC Condition ...............................................................87 Mechanical Room ........................................................................................87 Site/Civil Condition ......................................................................................88 Roadway