November Celebrate/Build News Update
Hurrah! We have a permit from the City of Largo so that we can begin construction! In mid-October, we received final approvals. One week later, John Sandeen and Kent Zoller met with representatives of Reno Building, our construction manager, to discuss many final details before construction commences. Already, we have received savings on contracts that were issued for bid.
At the same time, Kim Adams of the Finance Team received word from Thrivent Financial and the ELCA Mission Investment Fund regarding the loan that we will require to complete the work. Because the loan terms with Thrivent are move favorable (a 20-year loan that does not require a change in terms), the recommendation to Council is to go with Thrivent.
Capital Appeal Update
Our current Building Fund balance from the Capital Appeal is $745,778 – all received since July, 2014. We hope to exceed the $911,421 pledged amount in order to reduce our financing costs. Thank you for your steady, faithful gifts toward this ministry.
REMEMBER: When construction begins, parts of our parking lot will be fenced off for the work. You will be receiving a letter and drawing via mail that will guide us for parking and access to our buildings. Thanks much to Chris Sheppard for his skillful drawing that will help us all.
Once again, the places where we meet and eat, worship and serve here at PoP were built by the grace of God and through the faithful efforts of brothers and sisters who came before us. God provided in their days when ministries in Christ were active, and God continues to provide for us as we seek the Lord and the Lord’s way in our lives together.