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.
