Neptune Company - Public Works

If you need additional funding to start or finish public infrastructure projects, we offer solutions to suit your purposes. There are many circumstances where additional funding is useful:

·	Economic development. High quality public facilities and infrastructure foster new development and investment. This in turn creates new sources of revenues - property tax, sales tax, transient occupancy tax, jobs and economic stability.
·	Economies of scale. It is usually more efficient to complete public works project in the course of one project, rather than breaking it up into several smaller projects. While the project's overall hard costs are relatively the same, the additional costs of administration, project management, and equipment and material staging are a significant part of the overall cost.
·	Cost overruns. If a current project's costs run over budget and there are not excess reserves from other sources to complete the project, it is more cost efficient to complete the project as opposed to halting the project until funds become available.

If current funding is inadequate to complete the entire project, and you feel forced to stop work or complete the project in phases, we offer interim bridge financing to enable completion of public works projects before tax base and related revenues to support repayment have materialized.

Repayment sources can be future development fees, an unsecured obligation to pay in the future or several other mechanisms for repayment.

Additionally, when you offer real estate developers reimbursement agreements for public facilities and infrastructure, we will purchase these agreements directly from developers or we will work with you to provide a program to assist developers in financing their share of public facilities.