ST THOMAS MORE PARISH CHURCH BUILDING PLAN

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ST THOMAS MORE PARISH CHURCH BUILDING PLAN
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Program Outline

• St. Thomas More Building Plan
• Recent History/Work Efforts To Date
• Building Layouts Original vs. Phased Approach
• Draft Financial Plan
• Current Activities
• Communication Committee
• Finance Committee
• Next Steps
• Timeline(s)
• Now to December 2008
• Beyond

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Recent History

• The Committee
• (Fr Bob, Randy Dyer, Jeff Elekes, John Alexy,
  Paul Prozinski, Joseph Kunthara, Terry Fewel,
  Fred, Liebhaber, Cathy Williams (liaison for
  Spiritual Life)
• Meetings
• Findings
• Gym/Social Hall vs Remodel of Existing Church
• vs New Church
• New Church in Phases..
• New Finance Plan

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Proposed Building Site
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Original Church Design
Build within Nave
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New Church Phase Approach
750 Seats Same as Current Church
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Proposed Phase l and Future Phase ll
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Draft Financial Plan Summary 10-22-08
Lower End Upper End ANTICIPATED PROJECT
EXPENSES New Building Structure, Basement,
Taxes 3,487,000 3,487,000 Other Campus
Improvements Utilities Adj., Storm
Treatment, Electrical 431,000 717,000
Seismic Retrofit, Gym Floor, Furnishing
Deferred Necessary Project Soft Costs
Permits, Design, Engineering, Inflation 1,547,00
0 1,940,000 5,465,000 6,144,000
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Building Finance Committee, 10-20-08
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Draft Financial Plan Summary,10-22-08
Lower End Upper End ANTICIPATED PROJECT
REVENUES Previous Capital Campaign
850,000 850,000 5 year Planned
Set-a-Side/Savings 757,339 757,339 New
Capital Campaign Campaign/Pledges to Start
Sometime 2009 2,800,000 3,500,000 Mortgage to
Start in Year 6 1,057,661 1,036,661
5,465,000 6,144,000 FUTURE
MORTGAGE Principal Amount 1,057,661 1,036,66
1 Interest Rate 6.75
6.75 Number of Years 15
15 Monthly Mortgage Amount 9,400
9,200 Annual Mortgage Amount 112,800
110,400
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Short Term Building Timeline
10/15/08
12/15/08
9/15/08
10/1/08
11/1/08
12/31/08
11/15/08
12/1/08
9/1/08
1ST Letter Sent Out
Multicultural meeting. Complete Finance Plan.
Pastoral Council
12/5 3rd Letter Sent Out
Report Vote Results
STMP re-registration mailer
VOTE
2nd Letter Sent Out
Meetings After Masses
Meet With Parish Groups
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Long Term Building Timeline
Aug-Dec 2008
Oct 2010-Apr 2011
6 mos. Oct 2011
6 mos. Apr 2012
Dec 2008
Apr 2011
Feb-Mar 2009
Apr 2009
Oct 2012 Ground Breaking
Archdiocesan Approval
50 of projected cash Has been raised
Design Developed
Present Concept Drawings Estimates to Community
Permits/Construction Documents/Bidding
Schematic Design Completed
Parishioners Vote
Initiate Capital Campaign Fundraising Begins