Bakken Oil Report | Spring 2013

Page 78

northland securities inc.

Northland has the relationships and experience necessary to help its clients and investors achieve their strategic goals through a carefully orchestrated, professionally run process. Shawn Messner.

Jeff Peterson.

Fred Morris.

waters in Devil’s Lake required development, and Northland was ready with approaches that linked government and private capital. Four housing projects in Devil’s Lake were completed for senior citizens, low income, and market rate housing, which included two townhouse-style developments. Ramsey County funded utilities through Northland for a single-family housing development outside the city near the lake. As the rising waters of Devil’s Lake washed out the old wastewater treatment facility and were threatening the school,

Northland financed a new treatment facility for the City of Minnewaukan. Working with the Minnewaukan School District (Benson and Ramsey Counties), Northland was able to finance a new school for the community with two different sources of revenues – general obligation bonds and taxable bonds paid from Federal Impact Aid. In Bismarck, the firm recently financed a new skilled-care and assisted-living facility, with financing through Rural Development Loans and Northland client banks. Northland worked with the City of Kenmare on their Water Revenue Bonds, and also with the regional Water District in the Kenmare area. These water utilities provide service to the oil industry and both utilities receive a portion of their water from the Western Area Water Supply

NOMADIC LAND CAMPS

Authority.

Mobile Modular Buildings | Mobile Housing Solutions Mobile Offices & Command Centers | Remote Area Mobile Man Camp | Temporary Worker Housing

Housing is one of the critical needs in North Dakota. Northland has completed a number of projects in the state, including housing in Gwinner, Lidgerwood, Enderlin, Lisbon, Richardton and Crosby. Northland is able to combine public and private sources of funds to meet the housing needs in the state’s growing communities. Several projects in western North Dakota are currently under development. With an eye toward the future, the company’s energy and environment group works with the development of alternativeenergy resources and concentrates on the structuring and

info@nomadiclandcamps.com

(707) 815-7253 (406) 570-5556

www.nomadiclandcamps.com 78

BAKKEN OIL REPORT – SPRING 2013

YOUR PORTABLE BUILDING SOLUTION

placement of debt and equity for project financings of developers and technology manufacturers in the renewable-energy clean tech space. “The group’s experienced and highly qualified bankers fill the ‘capital void’ that so often occurs in the project financings of solar, wind, hydro and biomass-derived chemical, fuel and soil nutrient developments,” states Fred Morris, director of the area. From traditional public finance to creative new funding sources for the future, Northland is poised to follow the same successful growth trajectory as the state of North Dakota. w


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