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Rejuvenation Update

January 16, 2009
I’m
pleased to announce that workers
installing the new sprinkler system
should be on site next month. This
work is required by the city to
insure we have adequate fire
protection for the additional square
footage the new building will add to
our campus. It will also insure our
church and congregation has adequate
protection in the event of a fire.
Preliminary bids for the new
addition have been received from two
of the four contractors we’ve
contacted, and the other two should
have their proposals to us soon.
The latest information we have,
which would include the installation
of the sprinkler system (in
everything except the main
sanctuary, the narthex and the area
behind the stage) asbestos abatement
in the area to be demolished,
temporary offices, and the actual
construction of the new building is
now estimated at $1.5M. The
difference in this number and the
$1.15M that I presented at our June
business meeting is in the cost of
the sprinkler system, the asbestos
abatement, the cost of renting
temporary office facilities, and
Randy Grudzinski’s offer to
construct the building for as little
profit as he could afford.
Unfortunately, Randy’s company has
been affected by the economic
slowdown like so many others and
he’s been forced to do some
downsizing. He’s asked that we take
his original offer off the table,
and not be considered for the
construction of the new building,
though he very well may do some or
all of the demolition and
excavation. If you see Randy at
church, join me in personally
thanking him for all of his help
over the last year or so. He’s been
a true Godsend in his expertise and
generosity.
Now
for the hard part. At our January 8th
Board of Elders meeting, I presented
these latest figures to the board.
Pastor Dan had contacted our bank
about the possibility of financing
approximately $1M and reported that
our monthly mortgage payment would
be approximately $10,000. It was
agreed our congregation simply
cannot afford to make this
additional monthly payment. For
this reason, once the sprinkler
system is installed, Rejuvenation
will be put on hold pending the
accrual of additional monies in the
Building Fund. Thank you so much
for your prayers, contributions and
support for this much needed
project. We WILL be building the
new wing – we just need to save up
more money before we start. Please
continue to pray for, and give to,
the Rejuvenation Project.In His service,
Larry Wachtel |
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