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Above: |
Redmond City
Hall in Redmond, Washington |
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NDC became a direct
developer of public facilities in order to meet the needs of our
client communities for certain public projects which could not
be built using conventional public building processes and financing.
Since we began this service our development arm, the Housing and
Economic Development Corporation (HEDC) has sponsored, financed
and developed projects totaling nearly $1,000,000,000:
- public office and municipal buildings
- education and library buildings
- research, medical office and laboratory facilities
- recreation, transportation and parking facilities
- student housing
- infrastructure
As sponsor or owner/developer NDC
HEDC is responsible for:
- Design and costing
- Creation of the development budget and proforma financial information
- Review of project feasibility
- Identifying and securing private sector financing
- Finding and securing public sector financing as needed to fill gaps
- Finding and securing equity
- Development of an RFP or RFQ for all contractors
- Negotiation of all contracts
- Obtaining legal opinions
- Closing the deal
Oversight and management of project implementation and construction
- Evaluating and selecting competent property management
- Operating the facility after completion
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