One more box checked

Our project was approved at last nights Planning and Zoning meeting for the City of Cibolo. It was a slam dunk. Now it will go before the City Council next. We've met with 5 lending institutions to discuss our needs for this expansion. Soon we should be hearing back from all of them. The Value Engineering for the project is still ongoing. With this we are striving to keep the entire vision of the project and cut costs. To say this is tedious doesn't even come close to expressing what all has to be considered to get the costs down. I wish I had more to update you with but I don't at this time.

Keep the faith and don't stop BELIEVING!

Update

We have begun to meet with lenders to secure the financing for our project. So far we've meet with 4 local lenders and there are two out of town we still need to meet with. The terms look good but we are told it's difficult for churches to get the necessary funding in this current economic climate. I believe God is in control and I'm not worried about crosspoint getting the resources we require. Thanks to your generous support we've been able to pay for over $330,000 in project expenses. The two largest expenses are the architect and parking. We've only paid for half of the parking project while we are awaiting completion before we pay the 2nd half.


Here is the short list of what we are waiting on.
The Plat to be registered with the City of Cibolo. It is currently in their hands to be approved.
Value Engineering on the overall construction costs. We need to get the original bid down from 2.7 million to as close as possible to 2.2 million.
Secured financing.


It is possible for all these to be in place before the end of the year. And once this happens we can sign on the dotted line and get this project started!