Capital Fund Status - Debt Retirement Campaign (12/31/2009) Year End:
* $ 24,093 = Continuing Funds given from prior campaign pledgers
* $   3,445 = Free-will Funds, outside of Pledge Commitments
* $ 27,538 = Total Funds given beyond end of Build Campaign

Phase 1 Project of the overall Campus Master Plan now provides:

1. Parking Lot improvements near alley and additional drainage catch-basins
2. Street side Pull-in parking behind Hope House & a two-way traffic pattern on Joan St.
3. New Narthex & rear enftry with canopied drop-off from the parking lot
4. Elevator access to second floor and lower-level walk-over to the Fellowship Hall
5. Covered walk-over from elevator to the Fellowship Hall courtyard entrance.
6. Underground utilities, eliminating power poles and overhead wires in the parking lot.
7. Forced Air Heating/Cooling of Office, Toddler, Crusaders & Encouragers classes

Capital Fund Status at end of Build Campaign (9/27/2009):

* $400,816 = Orig. Financial Commitments (formal Pledges)
* $  43,250 = Total ets. Pledge Reductions due to Heavenly & Earthly Departures
* $357,566 = Estimated Net Total Pledge Commitments, to date
* $373,476 = Total Funds given against the Pledge Commitments (> expected!)
* $  44,194 = Free-will Funds & Offerings/Memorials, outside Pledge Commitments
* $        351 = Total Funds recouped by recycle of Project Demo'd Materials
* $418,021 = Total Funds given/available to Project since Build Campaign start
* $562,277 = Construction Loan drawn ($560,000) to date, plus origination fee ($2,277)

Phase 1 Project commitment was approved by the congregation on Mar. 16, 2008
by a 91% margin (67% required as constitutional min.). Ground Breaking for Phase 1
was held on May 25, 2008. Dedication of the facility was held May 31, 2009.

The Project and Capital Campaign Teams would like to thank everyone for their
prayers, continuing financial support and constant encouragement over the past five
years.  Now we must forge ahead to enthusiastically pay off the mortgage so that we
can take the next step (Phase II - Sanctuary Renovation) into our ministries future!

See discussion below as to current balance and a summary of expenses to date.

Status of Phase 1 Project (6/28/2009):
* Design Development and construction drawings were completed in late July, 2007
* Project Specifications/Bidding Documents were mailed to contractors in August
* Bids were received from 3 general and 3 individual contractors on Aug. 31, 2007
* Bids were reviewed and rejected by the Project & Capital Team on Sept. 4.
* A new list of potential small contractors was given to Panich & Noel, Nov. 1
* Rnd 2 Bidding docs were distributed at end Nov.-Dec. to potential contractors.
* The new bids were received and opened for review on Jan. 22, 2008 (was 1/15)
* The Project Team reviewed and accepted the Bid2 results on Jan. 29, 2008.
* On Feb. 5 the Board of Ministry approved recommending the project to the church.
* An Open forum was held on March 5th, 6 pm to discuss all aspects of the project.
* A Special Busn mtg was held March 16 (snow delay). Project was approved (91%).
* Banks were visited Mar. 27 and 28 for official construction loan offerings.
* Site surveying to consolidate the church property has been completed.
* A pre-construction meeting was held with all contractors and architect on April 10.
* Williamstown Nat'l Bank was selected as the financing institution (out of 4 visited).
* A property appraisal was completed once a financial institution was selected.
* The Parkersburg Zoning Board approved the project to go forward.
* Ground Breaking was held Sunday, May 25th. Construction to start in June.
* Construction began June 26, 2008. The Pin Oak tree was removed on June 30th.
* The elevator pit has been dug, the foundation laid and block erected.
* The Corridor and cross-over slabs have been poured.
* The A/C condensors for the sanctuary and Chapel were moved the week of July 14.
* Color choices have been made for carpeting and the women's restroom.
* Progress was made with the State Fire Marshal concerning the Fire Door upgrades.
* Construction will cause disruption to the church office, adjacent toddler room, and
Crusaders & Encouragers classes for several months.
* The structural and corrogated steel for 2nd floor and roof has been erected, and
the mezzanine concrete poured.
* Exterior Insulation materials are nearly complete and much brick has been laid.
* Storm drains down Liberty Street and along the alley have been installed.
* The parking lot has been leveled at the alley and new catch basin as in place.
* A permit application for one row of off-street parking behind Hope House was
approved the City Zoning Board at the Nov. 12th meeting.
* Elevator construction has begun in the elevator shaft and the corridor is nearly
enclosed so that heating can be started.
* Installation of a temporary double door into the Sanctuary has begun.
* Interior drywall work on the restroom and corridor is nearly complete.
* The HVAC system are working to keep the corridor warm and drywall curing.
* The drive-through elevations have been resolved and the roof has been installed
on the drop-off canopy!
* Excavation work has begun for the new parking behind Hope House.
* Power switch-over from above ground to underground should occur Dec. 18.
* Painting of the new space and elevator construction is nearly complete.
* Clean-up the Encourager's and Harvester Classrooms has begun.
* Women's Restroom facilities are very close to completion.
* Carpeting of the corridor floor & stairway is complete. The visible seam was fixed.
* The new doors look awesome. The upstairs classroom are ready for use again.
* The new interior sprinkler system has been charged. The thermostats are in.
* Punch list items are underway and inspections will continue week of Feb. 9.
* The Elevator has been certified for use for two weeks now.
* The Landscape retaining wall, steps and new courtyard sidewalks are completed.
* Only a few items need to be finished to schedule the final occupancy inspection.
* The parking lot and Hope House parking pad have been paint stripped!
* Landscape Design for the lot berms, entrance & courtyard is complete.
* The Dedication service/ceremony & reception on May 31 are complete.
* Planning for the Phase 1 Debt Retirement Campaign is now underway.

Discussion: