Building Renovation Capital Campaign
Construction is complete! CLICK HERE to view the progress pictures.
Today you have one of those rare opportunities to help write a new chapter in the life of our Parish by supporting the Renovation of our Community Center with your generous donation to the Building Renovation Capital Campaign. This project has been the most significant construction work for our Parish in twenty-five years. Now is the moment to join your fellow Parishioners in supporting this completed project. With the completion of this project we have done the following:
• Converted our dated banquet hall and gymnasium into an inspiring Parish Community Center for the celebration of fellowship, service, and outreach.
• Transformed the “Bishop’s Walk” – an empty corridor of missed opportunities—into an inviting showcase for religious, educational and cultural exhibits.
• Honored our responsibility to treat our Parish facilities as our home and to set an example for our children.
• Realized the vision of what our Parish center was meant to be by working together to pursue our goal with faith and confidence.
You have two ways to send your pledge.
PLEDGE CARD: Complete a pledge card, which was mailed to all Parishioners. If you have not received a card, please contact the Church Office or any member of Parish Council. Once you have filled out your card, return it to the Church Office or give it to a Parish Council member.
ONLINE PLEDGE: For your convenience, you can also make your pledge and submit your payment on the Parish website. Simply CLICK HERE to fill out your pledge.
You can also choose to make a donation today, safely and securely using the PayPal link below.
Building Renovation Project
Initial funds were raised in early 2016 to begin the project. Construction began in July following the 2016 Panegyri festival. Completion was scheduled to be completed in September, but due to some supplies and constuction delays, it was not completed until the end of year.
Now here is how the renovation has accomplished the goals set for the project.
PROJECT SCOPE: The design was completed by the architect and a contractor was selected to begin construction. The work included replacement of the wood gym floor, new basketball backboards and hoops, installation of new energy efficient LED lights, new wall finishes, replacement of glass in upper windows, new audio visual system with two large projection screens.
In the Bishop’s Walk corridor, your support built new display cases installed between six new glass double doors leading into the Community Center. In addition, your commitment funded life-safety upgrades such as exit signs and emergency lights that comply with today’s building codes.
PROJECT COST: Total construction cost of the project was budgeted at $644,073. This amount included an allowance of $53,000 for the audio visual system, and a construction contingency of $40,000 to cover unforeseen costs. The project has been completed within the budget.
PROJECT FINANCING: To fund the project, we have launched this Capital Campaign and established a separate bank account for your donation. The initial donations received made this renovation possible. The Parish Council borrowed $350,000, which was approved by the General Assembly, to pay for the balance of the project.
The mortgage has a seven-year term and a variable rate tied to the 3-year US Treasury bill with a margin of 2.75%. Debt service for the loan will be $4,800 per month. Imagine how your timely gifts could help us pay off the loan early and spare the Parish from additional interest expense.
Let’s all seize this opportunity to become inspired and support this completed renovation.
Please make your commitment today.
Click Here for a 360 degree view of the newly renovated community center. Click anywhere on the picture to active the rotating view.
Building Renovation Fundraising as of 5-5-17
Building Improvements Committee
Jim Gelis - firstname.lastname@example.org
Alex Christoforidis - Christaf@uc.edu
Nick L. Sarakatsannis - email@example.com
Brad Fielden - firstname.lastname@example.org
Kathy Francis - email@example.com
Ron Masella - firstname.lastname@example.org
George Haralamos - email@example.com
Fr. Mark Emroll - firstname.lastname@example.org
Fr. William Redmon - email@example.com
Michael Mavridoglou - firstname.lastname@example.org
Nektarios Papasavvas - Nektarios944@yahoo.com
Peter Rodish - Peter.email@example.com