The Project Team met on Tuesday, September 30, 2008 at the Church. All members and Rick Belinson were present. Pastor Bob opened and closed the meeting with prayer.
The meeting proceeded as follows:
*The Team received the results of the blessings campaign. To date we have approximately $720,000 in cash and pledges. While additional pledges and donations may continue to come in the Team agreed to use this figure for working purposes moving forward.
*The Team discussed at length the different financing possibilities (current cash and pledges, borrowing and the endowment fund) and decided to use a maximum budget figure of $1,000,000 for the project moving forward.
*The Team spent the bulk of the meeting talking about how to best meet the project objectives given the $1,000,000 budget goals. Each Team member discussed ideas for adjustments and timing for the project and how we might address current and future needs. A general consensus was reached on the project scope that would address all 3 project goals (elevator, repairs and space). However, the Team agreed that the architect (Daryl Drake) should be consulted for feasibility before proceeding.
Based on the above discussion, the following action items were agreed to:
1) Contact the architect and get his feedback on possible project revisions. - Dale
2) Discuss with the Finance Committee financing alternatives for achieving the $1,000,000 budget goal. - Dale
The next meeting will be Tuesday, October 7, 2008 at 6:30 PM at the Church.
Friday, October 3, 2008
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