ESTIMATED PROJECT VALUE & LIFE CHANGE IMPACT

Approximate First Fruits of Building Funds
to Local Outreach & Global Missions* $1,000,000

Land on Sunset
(Estimated Current Fair Market Value) $14,000,000

Estimated Soft & Start-up Costs
(Architectural, Furniture, Interest, etc.) $8,000,000

Estimated Hard Cost of Construction
(including contingency) $35,000,000
……………………………………………………………………………..

Total Project Value & Life Change Impact $58,000,000

SOURCE OF PROJECT FUNDING

Est. Appreciation over sunk cost in Sunset Property $11,000,000
Contributions from Prior Campaigns $10,000,000
Estimated Value of Current Facility (Anastasia) $13,000,000
…………………………………………………………………………….. $34,000,000

“RE” BUILDING CAMPAIGN GOAL $24,000,000**
……………………………………………………………………………..
Total Project Funding Sources $58,000,000

*Represents 5%. The first nickel of every dollar collected. **Based on project value and the church’s historical ability to service debt. It is estimated that UBC could borrow up to $8,000,000 on a permanent loan to assist in financing the project. However, at today’s prevailing rates, interest would cost us approximately $70,000 per year per $1,000,000 borrowed. It is our goal to own this building, free and clear, as soon as possible in an effort to make sure monies which should be spent in ministry and missions are not going towards interest payments.