Why is Grace planning to move to a new campus on highway Q? Grace has a 75 year history of growing a mission focused ministry. Our founding members showed the love and trust they had in God through their service to one another and to the community. Our move to Hwy Q. is a continuation of this trust and mission. By relocating our Church and School we will have the space and resources to expand our mission and further Extend His Reach into our community. What is our vision for ministry in the future? The vision for Grace is to proclaim the Gospel of Jesus Christ to our members, to our community and to the ends of the earth. Our focus is on family ministry and our vision supports the growth of faith at all stages of the family life cycle. Families will find Christ centered support for all at our new campus. Meaningful worship and bible study are central to our vision. Child day care, extended care, Christian day school, Sunday school, youth education and activities, sports programs, support groups and senior living are some of the resources that will be available. What is the situation at our current location? Our current location limits our mission to further our ministry and reach the unchurched, because both the church and school are at capacity. The facility needs major repairs and upgrades to meet current needs and the location limits our visibility within the community. Our school has a capacity of 250 students and we are anticipating enrollment of 256 for the 2009/2010 school year. In addition we will have two 5K classes for the 38 registered students. The 9:30 service, on most weekends, and many of our special services are at capacity . We have studied the feasibility of expanding capacity at our current location and have determined that it would be cost prohibitive. We are facing major expenses to replace the heating systems and to allow handicap access. The cost of these repairs and to become code compliant is estimated at over $2 million and would not provide any additional capacity. What is the cost of the project? In mid 2008, a cost estimate of phase one, including child care, extended care, Christian day school, multi-purpose worship center, chapel and offices, was developed. The cost estimate for construction is $18.6 million and includes land development such as extending the sewer & water utilities, roads & grading, and all furnishings and equipment at the new facility. What is the impact of our current economic situation on the project? The economic recession has caused a sharp drop in construction activity, creating a favorable window for lower costs in the next 12 months. It is anticipated that bids may be reduced by 10 to 15 percent. Current commercial financing rates are around 6 percent. This favorable situation is not expected to last, higher inflation is expected in the next 2 or 3 years.