WELCOME! Our Path to Our Permanent Home June 27, 2014
Current Facility Outlook FCS SJBA
Future Property Criteria • GAC requires 4 acres min for our population • Minimum 30K square feet • Must be zoned M1 for education • Must be on sewer, septic field takes 1- 2 acres for drainage • Must have adequate parking/traffic flow
TIMELINE 2011 2013 Real Estate: JB Bader Advisors:Vic Maloof & Mike Weigel 2011-2014 Evaluate properties: Design/Build /Lease/Purchase 2011-2014 Meetings with top Atlanta Catholic Benefactors 2013 Feasibility Study: Dita Peatross, Architect 22222220
TIMELINE June 2, 2014 Contract on H.I.T. Property June 3, 2014 Due Diligence started by John Oliver June 4, 2014 Schematic Plans & Construction Estimates
H.I.T. FACILITY • 4.4 Acres/15 sq ft, 1 floor • 5 years old • Three sides brick, back stucco • Fully sodded fenced soccer field & playground area • Asking price 1.8M, contract 1.4M • Build out costs to be rolled into loan after purchase • Contract Terms- 90 Day Due Diligence. Financing- 120 days, Close 15 days after. • Construction Schedule- 9M, move in Aug 2015
PROJECT TEAM Mike Weigel Vic Maloof President FAIA, FCMAA, RIBA, FBIA A.M. Weigel Construction Architect Advisor Construction Advisor Anthony Ferrari Building Project Manager John Oliver Mike Flanigan & Vice President Tommy Gravitt URS Corporation Bldg. Consultants Due Diligence
DUE DILIGENCE • Conceptual Design • Civil Engineering Analysis Assessment • Alta Land Title Survey • Topographical Survey • Property Condition Assessment • Phase 1 Environmental Assessment • Traffic Study
PROJECT COST Property $1.4 M Build-out $2-2.4M TOTAL $3.6-3.8M
FINANCING PLAN Raise $870K down payment for the project Take a 20 yr loan for the remaining balance
STRATEGY 1 • PARENT COMMITMENT 2 • CROWDFUNDING
HOW IT WORKS 3 2 1 • 870K / 130 FAMILIES = $6,692/FAMILY • 130 x 20 = 2600 • 2600 x $50 = $130K • 130 x 135 = 17,550 • 17,550 x $50 = $877,500
SUCCESS STORY Mrs. Kristi Brannen Founder and Director The Kings Academy Woodstock, GA
HOW CAN YOU HELP? • CONTRIBUTE • Donate at least 2K toward the property 1 • PROMOTE • Get our Causevox page to as many as possible 2 • PRAY • Take part in spiritual efforts lead by Maria Smith 3
CLOSING Question & Answer St. John Bosco…Pray for us!
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