A note from Art Halbardier, Property Director

Summer of '17

Here's installment #1 of a periodic update on what's happening in and around the building this summer.

Week 1 saw no shovels or heavy equipment appear, nor any new holes in walls. The sharp-eyed among us may have noticed a stake across the alley marking the location of a new pole for the additional electrical service.

No shovels, but a LOT happened last week. A meeting with architects and engineers was held with each of our two committees. Some good "value engineering solutions" (translation: "money saving") were agreed upon. A few changes to improve and simplify the designs (translation: better results and maybe some money saving). A lot of final "tweaks" were applied to the drawings.

And the biggest news: Loan approval for both the construction loan and eventual mortgage came in just three days from Mission Investment Fund of the ELCA at a really good interest rate (3.7%).  Thanks for great work by Mount Olive's Financial A-Team (Chad King, Kat Campbell-Johnson, Doug Parish).

Letters of Intent to contractors are being generated to get equipment and materials ordered.