Shepherd of the Prairie The Big Reveal March 9, 2016

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1 Shepherd of the Prairie The Big Reveal March 9, 2016

2 Building Team News Where We ve Been Where We Are May August, 2015 The Congrega on approves moving ahead with plans to build a Mul Purpose Space. The Building Team is formed. Architects are interviewed and GDG is selected to be our Architect. SMC is selected as our Construc on Manager. The cost is an cipated to be in the $2.5M range. September October, 2015 Our Forward in Faith Campaign is launched with a goal of $1.3M. GDG conducts interviews with Building Team, Staff, Mission Team Leaders and the Congrega on at large. This Visioning Process indicates that our most pressing need is a new Sanctuary. Other needs including Office Space, Storage Space, Classroom Space, Music Department Space and Youth Gathering Space are iden fied. October 25, 2015 The Congrega on unanimously votes to approve the results of the Visioning Process and directs the Building Team to focus on this new direc on. November December, 2015 GDG begins conceptual design planning and presents the Building Team with Conceptual Drawings that meet the full requirements of the Visioning Process. Preliminary cost es mates are prepared indica ng that the cost of the proposed plan would be approximately $5.4M. December 31, 2015 Our Forward in Faith Capital Campaign wraps up and raises pledges of $1.56M to be collected over a three year period. This exceeds the ini al goal of $1.3M that was set ini ally but falls short of the money necessary to complete the envisioned project. January February, 2016 The Finance Team in conjunc on with input from the Mission nvestment Fund of the ELCA determines that the Forward in Faith Pledges combined with our borrowing ability would be adequate to pay off our exis ng loan ($500,000) and provide approximately $4.0 M for new construc on. (Con nued on Next Page)

3 The Challenge What Do We Do Now Your Prayerful Response The Building Team requests that our Architect (GDG) and Construc on Manager (SMC) review the conceptual drawings and look for ways to reduce the cost. GDG and SMC do this review and return with several cost saving possibili es. 1. Make changes in the design of the Sanctuary Space to reduce the cost without reducing the capacity or func onality of the space. These changes included a Scissor Truss Ceiling design as opposed to an Open Beam structure, reduced window space and less expensive materials in some areas. Also, postpone the construc on of a Canopy un l a later me and remove sea ng (to be purchased at a later me). These changes reduced the cost by $629,429 and would bring the total cost down to approximately $4.77M. 2. Consider comple ng only the shell of the new Office Space and new Music/Classroom Space. With the shell completed these areas could be finished at a later date. This would result in a savings of $280,000 and would bring the total cost down to approximately $4.49M. 3. Consider postponing the en re construc on of the Music/Classroom Space un l a later me and use the shelled in office space and exis ng sanctuary space to meet these needs for now. This would result in a savings of $310,000 and bring the total cost down to approximately $4.18M. 4 We are also exploring poten al gi s for por ons of the site work and parking lot that could save us $200,000 $300,000. Where does this leave us? The Good News is that we have a wonderful Master Plan. More Good News is that we have received preliminary approval for a $3.5M loan. The Great News is that we have the funds to begin now to plan and construct a beau ful new Sanctuary and Gathering Space. Now The Challenge s Can we raise another $590,000 to complete the en re project (Op on 1), or can we raise just $310,000 (Op on 2) to allow us to build the shell of the Music/Classroom Space and avoid the cost of infla on we would incur to do this at a later date. f we are successful with securing the poten al gi s for the site work (Op on 4) these numbers would be reduced accordingly.

4 Financial Considera ons & Proposed Loan Cash on hand as of 1/31/2016 $251,000 Forward in Faith Dona ons Expected in 2016 $479,080 Forward in Faith Dona ons Expected in 2017 $475,665 Mission nvestment Fund Loan $3,500,000 Total Funds Available $4,705,745 Exis ng Loan Balance ($500,000) Funds Available for New Construc on $4,205,745 Notes The proposed loan is supportable based on the Forward in Faith on-going pledges. Projected monthly loan payments for a $3,500,000 loan = Approximately $20,207 Projected on-going Forward in Faith Pledges = $28,530 The projected loan payments will equal roughly 71% of our on-going pledges We will be in a position to manage ups and downs in our campaign cash flow, and possibly pay additional principal. This loan amount should allow us to manage the balance of SOTP financial resources that are dedicated to debt service and the operating budget. The finance team and the MF agree that this should be considered our maximum loan amount. f we are going to add to our construction budget, lump sum gifts is the only way to make a significant impact. t will be difficult to increase borrowing capacity by increasing on-going pledges. New Lump sum cash contributions over and above current pledges received before December 2017 will directly increase our construction budget.

5 SHEPHERD OF THE PRARE LUTHERAN CHURCH - Huntley, llinois CONCEPTUAL MASTER PLAN March 9, 2016 Exterior Perspective Northeast Corner MAN STREET : , : E)O:$TNG OAY BOnOM OEltHTlO 'YEGETATEORNNGAROEN FUTURE MASTER PLAN ,,..._ - C ct Music Rei-'$. Worship & Mult Use Fell owship Educ. ADDTON r----'.. -,--, Classroom & Kitchen Multi-Use Service Ar Classroom & EXSTNG Meeting Youth ENTA:Y Exterior Perspective Southeast Corner t: EXSTNG PARKNG: 112 Stalls NEW PARKNG: 157 Stalls : 0 H Hf 1 0 HH.. llot t t t l n n L _ J Site Plan Not to Scale w smc shalesmcnutt CONSTRUCTON ;fig ROT 1-1 D S G N GROUP LSTEN LEAD SERVE

6 SHEPHERD OF THE PRARE LUTHERAN CHURCH - Huntley, llinois CONCEPTUAL MASTER PLAN March 9, 2016 Music Rehearsal & Education Worship Seating Nave: 351 Additional Flexible: 20 Choir: 40 Overflow: 126 Worship Worship nterior Perspective [J _- Multi-Use Fellowship Classrooms & Service Areas..._..,...,..,... """""...! i "', ' J Hospitality s,nc shalesmcnutt CONSTRUCTON ( GROT- :. : D [ S G N G RO U P ENTRY Youth Offices Offices ENTRY Main Level Floor Plan ENTRY

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