ITEM TITLE:
Discussion Item: Return on Investment Analysis of New Valdez Commercial Harbor Fueling Facility
SUBMITTED BY: Jeremy Talbott. Ports & Harbors Director
FISCAL NOTES:
Expenditure Required: N/A
Unencumbered Balance: N/A
Funding Source: N/A
RECOMMENDATION:
Discussion Item Only
SUMMARY STATEMENT:
During the 2020 capital projects, approval and budgeting process the City Council approved funding for a feasibility study on a potential fueling facility in the Commercial Boat Harbor.
In November 2020, City staff selected Rain Coast Data through a professional service agreement in the amount of $31,550.00 to produce the attached draft document.
Meilani Schijvens from Rain Coast Data assembled and lead a team of several industry professionals who have an in-depth knowledge of Valdez, waterfront construction and community planning.
The team analyzed three potential fuel dock owner and operating scenarios:
• Privately constructed fuel dock facility with negotiated property and tideland leases from the City of Valdez;
• A public Private Partnership with the City of Valdez constructing the facility and leasing out the operations to a private partner; and,
• A facility operated and constructed by the City of Valdez.
This document is intended to be used as a tool to assist city administration and elected officials to determine if they wish to design, construct, and manage a potential fueling facility in the Commercial Harbor.
Meilani Schijvens will be available telephonically to field questions and take comments during the discussion.