Rise Up and Build Update September 2015 In Api of 2014, God revealed his wil o our congregation, quidng us to surpass our supematural nancial goal of ‘our Rise Up and Build campaign. He blessed the efforts of so many people involved and encouraged us to grow ‘our preschoo! (and campus!) by amazing shows of generosity and a united fellowship. “The original project of jst replacing our existing preschool with a new one has grown into a new Master Plan of 4) reciaming the utity easement civicing our property, 2) expanding the new preschool buléng (and fellowship hall on the 2° lor) onto our ‘new land allowing for 40% increased enrollment, and 3) puting all of our campus under one roo. MLC voters approved working toward removing the easement in September 2014. Since that time, many ‘olunteer hours and effort have gone into securing permis, coordinating companies inched in rerouting utes, ‘and ultimately removing uty pols. As of August 24%, 2015, the city of Katy offcialy approved and recorded abandonment. This action revered ownership ofthe alleyway AND the uiliy easement that previously exsted between our Welcome CenterSanctuary and the Loomis CenlerPreschool portions of our campus fo Memorial Lutheran. Because our preschool building design is now based on utlzing the old easement, we could not move forward with permiting the new building uni we had legally secured the recaimed easement on which we want to build ‘and developed a sald cost estimate forthe new building. While the easement provess added signicantl to our ‘overall project timeline, it has given us ime fo do value engineering and even specific estimates for fnishings \which allow us to further refine the cost estimate for our new project, ur general contractor, Glenn Hansen, is conducting @ bidding process including over 100 potential ‘subcontractors to participate in our new building. This is allowing Glenn to hone the cost estimate for our new construction as wel as identifying several good suggestions from the experts on ways we can build even more ‘ost effectively than some of our curent design specifications. ur Rise Up and Build campaign so far has a 3-year commitment of $3.4 milion of which we have already collected $1.9 milion, AS we discussed atthe voters meeting in July 2015, our rough cost estimate is more than cur commited contributions. We have projections from the preschool board based on increased enrollment that indicate the expanded preschool could se‘und this dference. However, we wil need a loan from the Church Extension Fund (CEF] for working capital during the construction phase and a smaller portion until we can fully ay for our expanded vision. We have been preapproved by CEF for a much larger oan, i required, for our short term cash flow needs during construction and our curent “gap” in commitments, The goal of the bulging committee and general contractor is to have a solid cost estimate of the remainder of our RUAB project (new building and piace our campus under one roof) by Sunday, October 4, 2015, (On Sunday, October 4, 2015, we will have a Special Voters’ Meeting to ask for your approval of the cost estimate and to move forward with permitting our expanded building plan and the accompanying CEF Joan required to make that happen.