How many fees are we going to have to pay to build? The way we calculate it right now is that we are going to have to pay about $100,000 in fees. These are impact fees, building permit fees, water and sewer fees, and road improvement fees. We will continue to update this blog entry as we firm up those costs.
Water and Sewer: One challenge of building our new church is how water and sewer are going to be provided to our site. This is important for our church because of our need not only for clean drinking water, but also for fire hydrants in case of a fire. There is a water line at the north east corner of the intersection of our property. We have recently secured permission to bring the water line down and under Livingston Road. The sewer line is not as close, so we are planning to use a septic tank and drain field because of the cost of bringing the sewage line to our property is considerably higher.
Preliminary Site Approval: Our civil engineer has been diligently designing a master plan for our site. This includes sewer, water, entrances, signs, landscaping, play areas, and building pad. We are negotiating now with Pasco County on the amount of road frontage that we are going to be required to donate to the county in return for a building permit.
About Church Bonds: We have been in contact with a church bond company for many years now knowing this was a viable option. The basic premise is that this company will come into our church and sell bonds in $500 increments with maturity dates varying from six months to twenty years. They are very competitive in interest rates and have a great track record. Any bonds not sold within the congregation would be sold to the bond companies “book” (past customers who invest regularly with their company).
What are the challenges holding up construction? The main challenge right now is the finances necessary to proceed. We need $200,000 before we can continue. This is to pay off the land and have $100,000 in the bank to cover our costs during the building season. Another challenge is the financing of the building project. As you probably know, banks are not loaning any money to anyone right now. A second option that we are investigating is selling church bonds.
How Big is Phase One Going to Be? We are going to build approximately 10,000 square feet. This will include a large lobby, which will double as a coffee area, a warming kitchen, a bookstore, bathrooms, an auditorium that will seat 200, and a preschool facility that will double as offices and Sunday school rooms. Also, on the first phase we will have a playground for our children and those attending our preschool.
How is our Building a Great Heritage Capital Campaign going? Very good under the circumstances. We have commitments of $287,000 promised over a three year period with over $80,000 having come in already. This is a very difficult period for many people during this recession. Many people have either lost their jobs or have been cut back. Some are behind and others are ahead. We are confident that everyone is going to meet or exceed their commitments plus we have new people in the church who are going to be joining us soon. Please do not feel condemned if you are behind, it is alright to catch up as you get your jobs back on track.
Substandard Road Analysis (SRA): One of the items that is holding up our project is the SRA evaluation of Livingston Road from US 41 to County Line. Pasco County is requiring our church to hire a special engineer to determine Livingston Road’s ability to support increased usage by a new church being built. It was a $10,000 project that we were going to have to pay for. A great praise report is that an apartment building north of our property, who is also building on our road, is paying to have this done. They have done all the work and are negotiating with Pasco County on their findings. When done, we will be able to piggy back off of their finding at little cost. The results will determine how much “proportionate share” we will have to pay into a “superfund” to fix roads in other parts of the county. At some undetermined time in the future, Pasco County will upgrade the road in front of our church.