Tennessee Valley Authority · NYSE:TVC
Tennessee Valley Authority — 7 15 09 pres valuation
30 slides from Tennessee Valley Authority's investor presentation, Jul 15, 2009
Slide 1: Valuation of Campgrounds and Marinas on TVA Lands
Valuation of Campgrounds and Marinas on TVA Lands Presented by James Adams July 15, 2009
Slide 2: Valuation Study Goal
Valuation Study Goal • Develop a comprehensive process that provides clear guidance on how TVA will value and charge for commercial campgrounds and marinas on TVA lands
Slide 3: Valuation Study Objectives
Valuation Study Objectives • Benchmark industry practices – How to value reservoir lands for commercial campgrounds and marinas (appraisal methods, cost per unit) – Tenure – Termination clauses – Existing infrastructure – Infrastructure left in place – Minimum payments and percent gross revenue – Re
Slide 4: Valuation Study Objectives (cont.)
Valuation Study Objectives (cont.) • Determine valuation methods on how to address commercial campgrounds, marinas, or combination facilities that are located: – Solely on TVA land – Partially on TVA land – Only on TVA marginal strip – Other potential land use patterns • Determine commonly used indu
Slide 5: Commercial Marinas: Statistics
Commercial Marinas: Statistics • 230 marinas on Tennessee River – 150 agreements in place on TVA lands – 80 marinas operate on private property (with permit)
Slide 6: Marina Operations Solely or Partially on TVA Land
Marina Operations Solely LEGEND or Partially on TVA Land TVA State Private Water Marginal Strip Marina Marginal Strip TVA Land TVA Land Original Channel
Slide 7: Marina Operations Using Marginal Strip
Marina Operations Using LEGEND Marginal Strip TVA State Private Water Marginal Strip Marginal Strip Marina TVA Land TVA Land Original Channel
Slide 8: Residual Infrastructure
lM Residual Infrastructure
Slide 9: Campground Statistics
Campground Statistics • 260 campgrounds located along the Tennessee River – 118 campgrounds located on TVA public lands and operated under an agreement with TVA – 131 campgrounds located on privately owned lands – 11 campgrounds owned and operated by TVA
Slide 10: Campground Solely or Partially on TVA Land
Campground Solely or LEGEND Partially on TVA Land TVA State Private Water Marginal Strip Marginal Strip TVA Land TVA Land Original Channel
Slide 11: Summary
Summary • TVA is conducting an independent benchmarking study to determine how to value future leases and easements • As part of this study, TVA is seeking Council’s advice and guidance on the following: – How TVA should value future leases and easements for commercial campgrounds and marinas – How
Slide 12: Background Slides
Background Slides 12
Slide 13: TVA Land Private
556’ Private TVA Land Land 556’ TVA Property Line 560’ Tennessee River TVA Sold Normal Flow Before Dam TVA Land 1313
Slide 14: Marina Facilities on Flowage Land
Marina Facilities on Flowage Land LEGEND TVA State Private Water Flowage Marina Flowage Rights Summer Pool Summer Pool TVA Land TVA Land Original Channel Flowage Rights 14
Slide 15: Campground Using Marginal Strip
Campground Using Marginal Strip LEGEND TVA State Private Water Marginal Strip Marginal Strip Summer Pool Summer Pool TVA Land TVA Land Original Channel 15
Slide 16: Marinas
Marinas 16
Slide 17: Seasonal Operations
NM Seasonal Operations 17
Slide 18: Size of Facilities
NM Size of Facilities 18
Slide 19: Mailing Address
Mailing Address — Unit 17 HCG 19
Slide 20: Permanent Structures
lM Permanent Structures 20
Slide 21: Perception of Private Ownership
Perception of Private Ownership 21
Slide 22: Private Landscaping
Private Landscaping 22
Slide 23: Better Private Landscaping
Better Private Landscaping 23
Slide 24: Fire Hazards
Fire Hazards 24
Slide 25: Electrical Hazards
Electrical Hazards 25
Slide 26: Graywater
Graywater 26
Slide 27: Inappropriate Sewage Disposal
Inappropriate Sewage Disposal 27
Slide 28: Aesthetic Standards (clutter)
Aesthetic Standards (clutter) 28
Slide 29: Questions to Consider
Questions to Consider 1. What recommendations does the Council have on how best to offer and value future leases and easements for commercial campground and marina operations? 2. How can TVA best communicate with and notify commercial operators of changes to existing recreation land leases and easem
Slide 30: History of Commercial Recreation Facilities
History of Commercial Recreation Facilities • Before 1984 – TVA operated many campgrounds. Many licenses were offered at little or no charge; no standard charge; reviewed case by case. • 1984 – TVA started charging $400 per 1,000 linear feet for mooring rights along the shoreline. • 1999 – Fee was c