DBE/ACDBE Participation in Joint Ventures - Metropolitan ...

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LA Times – November 18, 1989 • Elite Group Reaped Profit of $7.3 Million at Airport “A A Los Angeles Department Program to help minorities and women develop business skills has instead helped a small group with political connections to reap $7.3 million in profits for little or no work…” 23
LA Times – November 18, 1989 • Elite Group Reaped Profit of $7.3 Million at Airport “The 18 minority and female partners have made an estimated profit of $7.3 million since 1986 after investing virtually no money of their own and performing little or no work, , the report concluded.” 24
Page 1 and 2: DBE/ACDBE Participation in Joint Ve
Page 3 and 4: DBE Participation in Airport Conces
Page 7 and 8: • At about the same time (early 8
Page 9 and 10: Why JVs • Why were joint ventures
Page 12: • The entry of developers put add
Page 16 and 17: ACDBE Participation • ACDBE parti
Page 18 and 19: Subleases • Frequently, airports
Page 20 and 21: JVs v. Subleases/Direct Contracts -
Page 22 and 23: What is the purpose of the JV Guida
Page 26 and 27: • Introduction OIG Report June 11
Page 28 and 29: The Miami Herald - January 14, 2004
Page 30 and 31: • Airport Connections Philadelphi
Page 32 and 33: 31 Keep Keep your your company comp
Page 34 and 35: Introduction & Structure • This p
Page 36 and 37: What does Part 23 say about JVs as
Page 38 and 39: Components of a JV agreement • Im
Page 40 and 41: Combine their property, capital, ef
Page 42 and 43: Commensurate • What does “whose
Page 44 and 45: Loans of capital from the non-ACDBE
Page 46 and 47: Are service and management fees acc
Page 48 and 49: How can the value of the ACDBE role
Page 50 and 51: What if the level of participation
Page 52 and 53: What is included in the airport’s
Page 54 and 55: Can a JV be certified as an ACDBE
Page 56 and 57: Dissolution if ACDBE becomes inelig
Page 58 and 59: Questions Joint Venture Guidance No
Page 60 and 61: DBE/ACDBE JV Agreements ACC, Inc. N
Page 62 and 63: Basic Elements • Most joint ventu
Page 64 and 65: Part I - General Information • Re
Page 66 and 67: • Ownership Interests - Establish
Page 68 and 69: Part III - Capital Contributions
Page 70 and 71: • Representations and covenants -
Page 72 and 73: Ownership • Ownership Interests i
Page 74 and 75:
• In the event that ACDBE is unab
Page 76 and 77:
Management • Overall Management.
Page 78 and 79:
Distribution of Profits The Managem
Page 80 and 81:
Red Flag Items • Management Fees
Page 82 and 83:
• Assist with developing the annu
Page 84 and 85:
Reviewing your role • Carefully r
Page 86 and 87:
“Assist with” or “Participate
Page 88 and 89:
Is easier, but… • Make sure tha
Page 90 and 91:
Example 1 • The ACDBE ownership o
Page 92 and 93:
Example 1 - continued • Now, let
Page 94 and 95:
Example 2 • A JV between a non-AC
Page 96 and 97:
Example 2 - continued • In order
Page 98 and 99:
Example 3 - continued • The follo
Page 100 and 101:
JVs can provide an opportunity, but
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DBE/ACDBE Participation in Joint Ventures - Metropolitan ...

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