Questions & Answers

Financing the project will come from a number of sources. We plan to sell a part of the 80 acres for purposes that complement our family ministry vision. A Lutheran senior living facility and a possible sports complex are potential partners at our location. We may realize up to $9 million from land sales, including the sale of our current campus. We are launching the Extending His Reach capital campaign which is projected to yield $2 million. Our borrowing capacity is between $5 and $7 million. We expect the building cost to be reduced by approximately $2 million due to lower construction costs. An engineering firm is working with our architect to plan the roads and utilities. These costs are included in the cost estimate. The upgrades to the land will result in a higher value of the land that we will sell, which in turn will help to offset the costs. We have studied a number of multi-use worship facilities and concluded that if the building is designed for multiple uses the transitions can be very easy and timely. The chapel will be used for smaller services when the multi-use facility is being used by others. Our architect has experience in creating multiuse facilities that create the feeling and atmosphere desired for the event for which the space is being used. A new child care program is an important part of our vision. The child care facility will provide a needed Christ-centered service for families and will also be an entry point in the life cycle faith walk that we seek to build. The plan is that the senior center will be owned and managed by a well established Lutheran organization that is operating similar centers at other locations. Grace will not manage the center but we will insist on compatibility with our vision. The Extending His Reach capital campaign will launch in April. The Germantown/Menomonee Falls intermunicipal agreement to provide sewer and water services is expected to be approved by May. Negotiations on a land sale to our potential partners at the highway Q location are due in for June. We plan to break ground in the fall of 2009 and dedicate the facility in early 2011. We hope and pray that we will raise over $2 million with the Extending His Reach campaign. The Building to Reach Out Campaign ended in 2007 and raised $1.55 million. These funds allowed us to complete our land purchase and some early development work.



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