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The Development Management Services deal with the physical structure and process: finding a site, working with the regulatory authorities, setting up the financial and legal structures, coordinating the design and construction process.
Initiation Phase
- Work with the group to conceptualize the structure
that will act as the group's development entity for the Project.
- Provide model documents for organization, membership,
legal structure, decision making and governance.
- Work with the group to help define and select the
professional team that will be needed to develop the Project.
- Educate the group regarding their role as developer.
Provide an overview from initial meetings to moving in.
Site Selection
- Work with the group to evaluate potential sites to
determine if they meet the group's goals and objectives. Develop
conceptual site accommodation studies.
- Receive the group's programmatic information and generate
preliminary project budget analysis on the sites that meet
the group's program requirements.
- Negotiate with property owner to gain control of property
during the Project Feasibility study.
Feasibility Phase
- Conduct a market study and establish the estimated
purchase price for each home.
- Prepare a preliminary financial plan including the
project budget, total costs, cash flow, pricing, down payment
and loan requirements.
- Assess the feasibility of the project by meeting with
the municipal and other government agencies to investigate
pertinent issues.
Project Approvals Phase
- Provide ongoing project management to coordinate all
activities and communication between the group, professional
team and public agencies.
- Create, monitor and update project schedules and budgets
through the life of the project.
- Help the group to summarize design needs and communicate
design feedback to the architect.
- Provide recommendations to the group about budget
issues during all phases of the design.
- Provide recommendations to the group about unit mix,
size, and general layout of the building as it relates to
cost and marketability.
- Coordinate communication with the Planning Department
to ensure that the design will meet zoning requirements.
- Negotiate variances and relaxations to the zoning
requirements (if applicable) that will more adequately accommodate
the needs of a cohousing development.
- Provide information about how to incorporate design
features that support the concepts of Cohousing
- Work with the town and government agencies to obtain
all necessary project approvals.
Development Phase
- Help negotiate the appropriate contract with a builder.
- Negotiate with the development lender and represent
the community development corporation in negotiating and closing
on the development loans. Coordinate the flow of financial
information to the construction lender.
- Recommend the pricing structure for the project so
that pricing for individual homes is on a fair and equitable
basis.
- Help the group to determine standard finishings and
option procedures.
- Assist households in arranging homeowner financing.
- Help prepare Homeowners budget for monthly maintenance
fees.
Project Construction Phase
- Manage the development and construction loans for
the group, including draws, releases and general bookkeeping
required.
- Oversee construction contractor, ensure that work
is being carried out in an appropriate and timely manner.
Review and comment on billing requests. Coordinate communication
between contractor and the group.
- Keep the group informed about decisions that need
to be made during each phase of the construction process.
Project Completion
- Coordinate closing and move-in procedures.
- Manage construction loan pay-out.
- Work with the group to identify deficiencies and define holdback requirements.
- Help the group define protocols for dealing with warranty and maintenance issues.
- Prepare financial information as required to allow the cohousing group to take over management of the project.
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