Facility Upgrades Receives Affirmative Vote at Special Congregation Meeting on July 19
With joy and thanksgiving to God for guidance and for your generosity, we are excited to share that the Atonement facility upgrades were approved at the Sunday, July 19 Special Congregational Meeting.
We are very excited about the opportunity these upgrades afford us to live into our vision. We have been planning for this moment in time for several years (and the conversation has been going on for over a decade). Thank you to those whose generosity of time and financial resources are helping this dream become a reality. We are in awe at the ways our community has united together in this time towards this common purpose.
The plan we are excited about presenting is identical to the one presented on June 7th and 9th, where we received strong support for moving forward with the facility upgrades. Each of the information sessions will have additional information about project specifics, including how we provide for a 30% reduction in the project costs. We will also outline additional information about the project “add alternates” that are not part of the scope we will vote on, but which will go through the final design so they can be implemented as funding comes available.
This YouTube link offers a narration of the virtual walkthrough of the project as presented during the Connecting Campaign. This offers project details as well as the changes that have allowed us to decrease the scope of the project.
We also invite you to view the project prospectus online and other ways to participate at www.atonementboulder.org/give.
Finances Related to Facility Upgrades
The scope of the project is estimated at $1.65M. We have gifts and 3- or 4-year commitments totaling $1.3M. To complete this scope of project Atonement will be taking out an additional loan of approximately $300,000. At the meeting the congregation also approved a construction loan (est. $1.35M). Below are several charts that outline the Connecting Campaign finances and a 5-year forecast for addressing the additional debt. They can also be viewed here.
Thank you to all of those who have served faithfully to get us this far, especially those who have served on the Facility Upgrades Task Force, all who served as part of the Connecting Campaign, as well as the Atonement Council and Staff.
In gratitude and hope,
The Atonement Church Council