PHASE I FUNDING COSTS
Scheduled Costs | $3, 972, 000 |
Unscheduled Costs | $969,000 |
TOTAL | $4,941,000 |
PHASE I FUNDING SOURCES
Phase I Campaign | $3,850,000 |
SJV School Loan | $ 500,000 |
Diocesan Loan | $ 350,000 (+5% interest) |
Construction Loan | $ 50,000 |
Building Fund Envelopes, Misc. Fundraisers & Donations | $ 191,000 |
TOTAL | $4,941,000 |
PHASE II ESTIMATED COSTS
|
Completion of Community Center |
$1,858,906 |
|
SJV School Loan Repayment |
$ 500,000 |
|
Diocesan Loan Repayment |
$ 350,000 (+5% interest) |
|
Construction Loan Repayment |
$ 50,000 |
|
TOTAL |
$2,758,906 |
PHASE II ANTICIPATED FUNDING SOURCES
|
Parish Fundraising |
|
Community Grants / Foundations |
|
Matching Gifts |
|
Affinity Groups / Alumni |
|
In-Kind Giving |
|
TOTAL: $2,758,906 |
CONSTRUCTION TIMELINE
It is the hope and goal of Fr. Rios and the SJV leadership team to begin construction as soon as possible, ideally during 2011. Should funds allow, we could begin construction in a phased approach, starting with the exterior restrooms. However, an occupancy permit will not be feasible until all construction is complete.