Phase I (Roof) and Phase II (Exterior Walls) are now complete and within budget expectations. While it has taken longer than expected to complete the project, St. Paul’s has a hall that will serve the community over the next twenty-five years.
Contributions to the renovations are well ahead of what was originally suggested in our financial planning. St. Paul’s has indeed been blessed by generous donors who have stepped forward to allow construction to proceed and to pay off the loan as quickly as possible.
A summary of expenses and income to date:
Total cost of project = $252,420.00
Total received in cash to date = $200,426
Amount still to be raised = $51,994
Pledges outstanding of $6,500
It is always more difficult to raise funds to pay for a project completed. However, it would be beneficial in so many ways to retire this debt and use the interest charge expense for other missions and ministries of the church. Is it possible to do this by the end of 2012?
Phase III – Kitchen renovations will be discussed at the Semi-Annual Meeting on October 21st.
If you have any questions, please contact Peter Jackson.
At the February 27th, 2011 AGM a motion was made to approve the renovation of the hall based on an estimate of $250,000. The committee met many times over the following months with Art Shook of ABS Origins to work on the specifications that would keep the project in line with this budget. Our original wish list had to be cut back several times and eventually compromises were made to stay within our financial limitations.
Five companies indicated they were interested in bidding on the project. However, it became obvious that it was already too late in the season to obtain reasonable quotes. Only one company actually submitted a bid that would have brought the total actual cost to almost $375,000. The committee rejected that quote and decided that the renovation would be postponed to early 2012 when companies begin their search for summer contracts. It was a discouraging turn of events for the group.
This decision left the committee with nothing to do over July and August! However, our timing proved not to be God’s timing and in mid-August a surprise bid was submitted by Greenough Construction of Edmonton for $228,000 plus GST. The committee was “surprised” and was very careful about checking the details of the bid to ensure it actually covered all aspects of the renovations. On the recommendation of the committee and Art Shook of ABS Origins, Corporation signed a letter of intent with Greenough Construction on August 14th.
As you can tell, construction has begun. Work has started on the south side with roofing to start in the last week of September. If the weather remains good and materials are in supply, the project should be finished by early November. The roof will be a metal insulated one along with an insulated metal siding on the walls. The total cost to date is just short of $250,000 including development and building permits and architectural fees. Cash on hand amounts to $150,000 from many generous contributors and a loan has been acquired from the diocese to cover the balance. That means, of course, that $100,000 still has to be raised. Please consider contributing to the Hall Renovation Project so that the loan can be paid off as soon as possible!
With Phase I now taking place, a very basic sketch for interior renovation is included in this web site (Plan 1 and Plan 2). Phase II was originally to be just the kitchen but the plan for discussion includes the entire top floor of the hall. An approximate cost would be $140,000 to $150,000. Please email your comments to us at email@example.com so that the committee can consider the suggestions put forward. REMEMBER - these plans are only to be used as a starting point and to stimulate creative thinking. No decision has been made to move ahead with this plan or any plan for the interior.
It is indeed a blessing to see construction taking place before another winter descends on Edmonton. By taking this step of faith, the congregation has ensured that the building can be retained for our use for many years.
The Property & Building Committee