Update #13 - September 2013

September 23, 2013

Campaign Goal $18 million

o   Pledges secured to date: $15.4  Million

o   Pledges received to date:  $5.5 million

o   We are striving now to get people to accelerate their schedule of payment. 

Financing

o   We expect to have all the conditions for financing our first draw, from TD, in place for this month end.

BUDGET

Change Orders

o   This has been managed very tightly.  The one major construction change, to date has been adding about $40,000,  to allow for an option to build a  school with a gym and roof top playground  on the open site area. This increases the options available for future development of the open area.

CONSTRUCTION

Parkade

o   Completion expected end of September/ early October

o   Landscape rough in is now proceeding

o   The first and second level floors have been poured and the top of the parkade has had an initial pour and is nearing completion.

 

Synagogue

o   The main floor in the Gales Family Life and Education Centre is completed. The east wall is being removed and the steel truss installed this week.

o   The lower level flour is being poured.

o   The new roof will be started this week

o   Sanctuary seating is being confirmed with New Holland Furniture. We are looking at a mix of flip up and fixed pew seating.

 

Time Line

o   TIGHT!  We are all still focused on the necessity to be in the new BI by September 2014. The contractor fully understands the critical importance of completion by that time.