Sunday, September 18, 2011

● Meeting Hall Construction Update as of September 18, 2011:

  1. On September 13, we had a meeting with the architect and the general contractor to review the work progress to date.
  2. The sewer work is almost completed, except for a section that intersects a gas main, which has to be raised by 3 feet. Negotiation with the gas company resulted in a 40% reduction of the cost of alteration to $12,183.
  3. The curb, gutters, and asphalt pavement will be done in the next two weeks. 
  4. The shrubs and 7 trees on 4420 Brown Road have been removed to provide more space for future use. Only one tree at the NE corner is retained. Removal of other trees along the roadside needs to be approved by the City’s parks department. 
  5. Waste material will be removed from the site at an estimated cost of $7,000 to $9,000 for trucking and dumping.
  6. The plumbing and drainage on site is about 95% complete. 
  7. Foundation walls will be completed by September 19. Work on the floor slabs will be done in the next two weeks. 
  8. The contractor will provide us with an updated construction schedule plus a cash flow chart for our schedule of payments.
Current Status on Material Offerings:
Offering Goal Current Accumulated OfferingsCurrent DisbursementCurrent Balance
$4,500,000 (CAD)$2,685,009 (CAD)$1,489,730 (CAD)$1,195,279 (CAD)
Percentage of our Goal Achieved at PresentCurrent Deficit
59.66%$1,814,991 (CAD)

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