We've gone through round one of VE (Value Engineering) where the contractor identified obvious areas that could save us money. With only a little over $100K identified, we haven't trimmed nearly enough off of the expense to make the expansion "affordable." In this new economy money is scarce. Lenders aren't giving based on what we can afford but more in line with what they can afford to risk. And who can blame them. We are meeting with our selected contractor, The Struthoff Company, on Oct. 13th to identify more areas for VE as well as identify possible areas to reduce the scope of the project. Over the next several weeks we will also be aggressively pursuing lenders to find the best match for us.
The Plat will be applied for on October 14th. It could take until Dec. 28th to get it recorded if there aren't any issues. There are a series of hoops that have to be jumped through before it can be recorded with the City of Cibolo.
In case you missed my update I gave at church on September 26, we are believing that our expansion project will begin before the spring. This is so much later than I would have imagined. I'm learning just how long of a project something like this is. But once we begin, the project is scheduled to take 12 months as long as there are no big delays with bad weather.
Keep praying and thanks for being patient and supporting our project.
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