Phase One

Fast Facts (Revised 5/4/2011)

Total Cost of Phase One A Expansion: $14.1 Million
Current Square Footage of LH structures: 88, 820 sq ft

Total Square footage of Phase One A addition: 78, 214 sq ft , which includes:

• 50, 651 sq ft - New Connection Center (Multi-Purpose) and Education Building
• 27, 563 sq ft – Student Center, Missions/Sr. Adult/Care Ministries Building, Chapel (Former HSCC facilities)
• 167, 034 - Total Structure Square footage upon completion

Parking Spaces Upon Completion: 1379 Former Number of Parking Spaces: 865

Plans related to Phase One

Financial Picture
Total cost of Phase One A Expansion and funding sources

1. More Hope for More People Capital Campaign:
   • $7.65 Million pledged in 2006
   • MHMP Campaign formally ended in April 2009
   • $5, 405, 361 collected through April 2011
   • Monthly Approximate Average of $15,000 still being received; $241, 576 received in 2010.
2. Holy Spirit Catholic Church Property & Facilities purchased in 2007 for $4.75 Million.
3. Loans totalling $7.5 Million, remains in place to finance project.
4. Living Hope assets include all current facilities and property on Westen Street campus and 86 acres on Lovers Lane.

Lovers Lane Property and Holy Spirit Property
Living Hope owns 86 acres on Lovers Lane Property that was purchased in 2003 and originally intended for relocation of the church facilities. However after the adjacent HSCC property became available in 2007, Living Hope approved the purchase of the HSCC and subsequent expansion of current facilities to include the existing HSCC campus and buildings.

The Property Liquidation/Acquisition Team is evaluating all sale options. It will recommend to the Building Steering Committee the appropriate plan for selling the property. The Building Steering Committee will recommend to the elders and trustees a liquidation plan, which would then be brought as a recommendation to the church body for a final vote and approval. No definite timetable has been set for this process.

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