Central Park PlazaFaith Bible’s First Ever
24/7 Worship Facility
How did we get here?
What are the details? 3 year lease
• Year One: $6,082/mo• Year Two: $6,356/mo• Year Three: $6,630/mo• What did the school/office cost: $6,100/mo
4 month abatement• Months 1-2: Free• Months 3-4: $2,794/mo
Initial security deposit/first month’s rent: $8,894.38
What are the details? Owner will replace one of the two HVAC
units. Owner will present the facility to us in
“good working order.” Once lease begins, we are responsible for
repairs & renovation. Exception: We will be responsible for
$1,000/unit/year in HVAC repairs, if needed. We are responsible to maintain HVAC
service contract.
Why do this?
Does your family NEED a roof over its head?
What are the possibilities?
What will it take to renovate?
Flooring: $3,945 150 Chairs: $3,300 Paint: $2,400 Outdoor Sign: $4,000 Glass Stenciling: $300 Mop Sink: $200 Projection Screen: $350 Projector: $500 Microphone: $700 Décor: $2,000 Total: $18,000
What will it take on a monthly basis?
6 MONTH GIVING HISTORY COST V. AVERAGE May: $17,190.83
June: $18,742.40
July: $17,483.00
August: $14,786.00
September: $20,820.01
October: $14,776.75
6 month giving average: $17,299.63
Fixed cost (salaries & insurance): $17,135.00
15%
Faith Bible Church
Faith Bible Church
Faith Bible Church
Timeline Vote Next Wednesday
Execute lease: November 14th
Commence Renovations: December 1st
First Service: Christmas Eve, 2013.
Together
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