Tabernacle Baptist Church Cartersville, GA

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Tabernacle Baptist ChurchCartersville, GA

• Building Committee Presentation
• August 30, 2009

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The Building Committee
Lehmann Smith Tim Smith Kevin Stephenson Roy
Edwards Don Hattaway - exofficio
Judy Hargett Michael Howren Myra Hufstetler Steve
Kennedy Jerry Milam
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History

• The Building Committee began its work before
  Capture the Vision.
• We were in the process of interviewing firms for
  the relocation project.
• No decision had been made on what type of process
  to use.
• We had begun to interview firms to assist in the
  relocation.

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History

• Capture the Vision commitments came in at a level
  too low to support an immediate relocation.
• The economy started to turn down.
• One of the firms interviewed (CCL) offered that
  we would need to strengthen and increase our
  fellowship to support the cost of the relocation.

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History

• Based on current financial resources the time
  required to relocate the church was much longer
  than expected.
• We needed to do something to address the needs at
  the present campus for the near-term.
• CCL was hired by the church to assist with these
  near-term needs.

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History

• The needs that were to be addressed were
• Preschool space
• Worship space
• Parking space
• Were now ready to move forward with a
  recommendation to address these needs.

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The Preschool Space

• Several issues were discovered
• Not enough classrooms
• Bottle neck on Sundays
• Outdated
• Code compliance
• Solution
• Move preschoolers into temporary facilities.

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The modulars

• picture

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Tennessee Street
Howard Street
19,400 Square Foot Building
Existing Educational Building
Douglas Street
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The cost of the new moveable preschool space.

• 1,088,000 Complete, no paving
• 20,000 Furniture
• 1,108,000

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The cost of moving the youth to old preschool
building

• 25,000.00 - Plumbing, carpet, paint,
  etc.

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Worship Space

• We looked at making adjustments to present space
• Cost would not justify any changes
• Began the overflow service
• Recommended action - Begin a childrens worship

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Childrens worship area

• picture

Conceptual Floor Plan Seating Layout 2nd
Floor Childrens Worship
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Childrens worship area

• picture

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Cost of the New Childrens Worship Area

• Demolition New Construction - 80,000
• Staging, Sound / Lighting chairs - 23,000
• Video Projection - 30,000
• Misc. - 20,000
• TOTAL 153,000

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Parking

• We will lose some parking with the new moveable
  preschool building.
• We asked the Parking Committee to join us and to
  develop a parking plan.
• The plan was implemented starting August 9.
• Provides near-term improvements to parking needs.

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Total Cost

• Moveable Preschool Bldg. 1,108,000
• Youth Space 25,000
• Childrens Worship 153,000
• TOTAL 1,286,000

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• Financing of the Project
• Total cost for the project is not expected to
  exceed 1,286,000.
• Funds are to be provided through a line of credit
  opened by the Trustees on behalf of the church.
• Several local banks have been approached and
  agreed (for discussion purposes) to terms for the
  line of credit.

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Potential Financing Terms
Bank 1 1,300,000
Bank 1 Prime 1 with 6.5 floor
Bank 1 Interest only for 12 months
Bank 2 1,286,000
Bank 2 6.9
Bank 2 Interest only for 12 months
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Sample Amortization Schedule
Loan Amount - 1,000,000 Interest Rate
6.5 Monthly Payments 5 year loan -
19,566.15 10 year loan - 11,354.80 15 year
loan - 8,711.07
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Capture the Vision Commitment Analysis
Commitments totaled 1,946.368.78 Receipts
through 7/30/09 726.270.16 Est.
receipts through 12/31/09 171,600.00 Est.
receipts for 2010 468,000.00 Total
receipts through 2010 1,365,870.16 - 7,800
per week - 9,000 per week
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Capture the Vision Commitment Analysis
Total Receipts through 2010
1,365,870.16 Payments for land
679,500.00 Estimated payment for roadway
350,000.00 Payments for professional services
45,659.31 __________ Capture the
Vision estimated 290,710.85 Balance at
the end of 2010
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Sample Amortization Schedule
Loan Amount - 5,000,000 Interest Rate
6.5 Monthly Payments 5 year loan -
97,830.74 10 year loan - 56,773.99 15 year
loan - 43,555.37
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Timeline

1. Begin parking plan Aug 9, 09
2. Make presentation to Finance Committee, Deacons
   and Trustees Aug. 23, 09
3. Present to the church for a vote Aug 30
4. Order and install preschool modular Fall 09
5. Move preschool into modular Spring 10
6. Renovate preschool space for youth Spring 10
7. Construct childrens worship space Spring 10
8. Begin Childrens worship Fall 2010

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What will this plan do for us?

• Provide greatly improved Childrens Space.
• Usable modular buildings can be relocated
• when we move to new campus , or sold, or
• given to a worthy recipient.
• Near-term relief for parking congestion.
• Added room in Worship Center for visitors,
• youth and adults.

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What will this plan do for us?
Adding space for Preschool will allow us to
increase our average Sunday School attendance to
around 2,250. This will allow us a few more
years at this location to grow our membership and
resources to accomplish the relocation.
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What will this plan do for us?
Age Group Space MSSA ASSA
Preschool 10,615 303 243
Children 15,008 600 480
Youth 14,112 784 627
Adults 26,572 1476 1181
Total 66,307 3163 2530
Based on the limits of preschool space the best
that we will see in average attendance is 2,200
to 2,300.
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What will this plan do for us?
3 AM worship services 1,700 2 Overflow
services 400 2 Childrens services
200 Total 2,300
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Observations

• At our present rate of growth (5), these new
  plans will be full by 2021.
• Based on our history, whenever we have added
  space our rate of growth has increased.
• If this does happen, and I pray it does, these
  plans will be full by 2016.
• That means we have 3 years to plan and 3 years
  for construction at the new site.

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Recommendation and Motion from the Building
Committee That the church authorize the
Building Committee as follows 1.To complete the
purchase, installation, landscaping and
furnishing of a manufactured preschool facility
with 22 classrooms to be located on the north end
of the campus. 2.To complete the renovation and
necessary construction of a Childrens Worship
facility on the 2nd floor of the E
Building. 3.To complete the renovation and
necessary construction of the current childrens
building to provide Sunday School space for Youth
on the 1st, 2nd and 3rd floors. Total cost for
the above items not to exceed 1,286,000. Funds
are to be provided through a line of credit
opened by the Trustees.
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Schedule
Presentation to Finance Committee, Deacons and
Trustees August 23, 2009 Present to the church
August 30, 2009 Discussion - September 2,
2009 Church vote - September 13, 2009