River of Live Community

ChurchSept 29th, 2013

AGM Presentation

Project: Sanctuary, Administration,& Children’s Centre Phase: Schematic Design

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Project: Sanctuary Phase: Schematic Design Status: Client Review

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Project: Sanctuary Phase: Schematic Design Status: Client Review

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Project: Sanctuary Phase: Schematic Design Status: Client Review

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Project: Sanctuary Phase: Schematic Design Status: Client Review

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Project: Sanctuary Phase: Schematic Design Status: Client Review

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Project: Sanctuary Phase: Schematic Design Status: Client Review

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ADMINISTRATION CLASSROOM

ADDITIONNorth of Sanctuary

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Project: Administration Phase: Schematic Design Status: Client Review

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Area of Main Floor Addition = 6700 SF

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Project: Administration Phase: Schematic Design Status: Client Review

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Project: Administration Phase: Schematic Design Status: Client Review

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Project: Administration Phase: Schematic Design Status: Client Review

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Project: Second Floor Classrooms Phase: Schematic Design Status: Client Review

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Project: Administration Phase: Schematic Design Status: Client Review

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Project: Administration Phase: Schematic Design Status: Client Review

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Project: Sanctuary and Administration Phase: Schematic Design Status: Client Review

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Project: Sanctuary and Administration Phase: Schematic Design Status: Client Review

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Project: Second Floor ClassroomPhase: Schematic Design Status: Client Review

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Project: Administration Phase: Schematic Design Status: Client Review

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Project: Sanctuary and Administration (Phase One) Phase: Schematic Design Status: Client Review

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CHILDREN’S CENTRE/FOYER

Existing Outdoor Play Area

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Project: Children’s AdditionPhase: Schematic Design Status: Client Review

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Project: Children’s AdditionPhase: Schematic Design Status: Client Review

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Project: Children’s AdditionPhase: Schematic Design Status: Client Review

Play Center Equipment Ideas

Play Centre Equipment Ideas

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Project: Children’s AdditionPhase: Schematic Design Status: Client Review

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Project: Children’s AdditionPhase: Schematic Design Status: Client Review

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Project: Children’s AdditionPhase: Schematic Design Status: Client Review

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Project: Children’s AdditionPhase: Schematic Design Status: Client Review

Building and Borrowing Costs

Project Component Cost Estimate

Project Components Estimate

Professional Fees 400,000.00Sanctuary 1,256,000.00Administration 1,906,000.00Children’s Centre/Foyer 2,516.000.00Paving, Landscaping, Gym 306,000.00

Total Project Estimate 6,384,000.00

Annual Operating Costs 30,000.00

Sample Borrowing Costs

Principle Amount Monthly Payment Increase

Monthly Operating Increase

Total Additional Required

4 Million 21,697.00 2900.00 24,597.00

3 Million 14,981.00 2900.00 17,881.00

2.5 Million 9,983.00 2,900.00 12,883.00

Interest Rate – 5.21 %5 Year Term20 Year Amortization

Our Current Mortgage Payment is 6400.00 per monthPlus our annual payment of $20,000 = $8067.00 per month

Moving Towards a Tithe

ROL is excitedly preparing for a harvest in Lethbridge! We believe that God is asking us to dream, and expect growth in our church. In order to move forward with this dream we will need to increase our monthly budget, which requires an increase of giving from the congregation. In the next weeks we ask that everyone in our church pray about how they can help, whether it be starting to tithe, or adding an offering specifically for the building project. We will use next months to gauge the level of financial support for this project before coming back to the congregation with a plan to proceed with construction.

As a congregation, we also agreed to amended the 2013/2014 budget to spend the $70,000 needed to finalize design and engineering for the project. ROL is committed to only proceed with these costs as the giving increases in our congregation. Currently the average giving per month is around $93,000. According to 2011 average income/household statistics in Alberta if all 200 households in our membership tithed the average giving per month would increase by about $40,000, which would be more than enough to cover the payments for the project. If each person in our church were to increase their giving $5 per week (Family of 5 - $115 per month) then our giving would increase by about $15,000 per month which would cover the cost of borrowing $3M.

As you can see, this dream easily becomes possible if we join together as a family to increase our storehouse. Please pray about your role in the harvest!

Complete Detailed Design

October – December (pretender construction estimate)

PROJECT DESIGN COST FOR REMINDER OF 2013

Building Appraisal 7,500.00

Site Survey 4,200.00

Developed Design Process 47,800.00

Geotechnical Investigation 8,000.00

Pre-tender Construction Estimate 2,500.00

Total 70,000.00