Project Timetable
The goal is to implement the vision in phases, taking into account the parish’s priorities and funding availability. The proposed sequence is as follows:
Coming months - Seek pledges form all parishioners. Begin site preparation.
Phase I - Build Chapel and Family Life Center
Phase II - Build attached Administration center
Phase III - Build School wing and educational center
PROPOSED FUNDING METHOD FOR LANCASTER CAMPUS FAMILY LIFE BUILDING AND CHAPEL
I. Approximate cost of project: $2,500,000
(including amounts expended already to pay MPD and retainer to Milestone CM)
II. Funds raised so far: Approximately $600,000 - some expended already.
* It should also be noted that the total community contribution to this project to-date, is $1,100,000, if one includes the $ 500,000 raised by the LLC for the purchase of the land.
III. Funds donated from church community:
$1,200,000 from the Helen Vafiopoulos bequest.
$200,000 from the Church investment acct (as promised when the LLC was formed based on a GA decision).
IV. Remainder for fundraising:
$700,000
Reminders:
1. Unfulfilled pledges are about $300,000,
2. The $500,000 chapel bequest is locked in an estate dispute with NYS; however, when this is resolved, we anticipate that the family will fulfill their promise.
3. Anticipated fundraising $400,000
KEY POINTS IN THE PROJECT’S HISTORY
| October 2005 | Parish Assembly approves the land on Genessee Street, by voting that it was found acceptable |
| November 2005 | Hellenic Suburban Land LLC is formed upon the request of the Parish Assembly, to relieve the church from the risks of taking a mortgage |
| March 2006 | Metropolitan of Detroit approves the site |
| November 2009 | HSL LLC donates the easterly 15 acres of the land to the church and commits to apply any future earnings of developing the westerly 15 acres to support the Church portion |
| April 2012 | Parish Assembly approves capital campaign for the Family Life Cente |
| January 2015 | Public campaign of the entire parish starts |
| April 2016 |
Parish Assembly approves finalized plan |
| July 2016 |
|