Project Phoenix report DeAnn Peterson and David Spierman

COMMUNICATION Info available through various routes Weekly update Townhalls Emails Web page Videos Survey report Scorecards Q&A: Memorial garden, drive times, restaurants

KENSINGTON OVERVIEW LOI approved: $3.2 million Commercial office space 5 building complex ____ acre site

BENEFITS/DRAWBACKS BENEFITS DRAWBACKS Income from rental offices Far from current location On MARTA train line Drive times on Weekdays Can custom build sanctuary Uncertain crime statistics Re-purposing of existing buildings Medium cost Could be Social Justice center Part of DeKalb County overlay

KOP current status LOI agreement with sellers Purchase and sale agreement pending Rental income analysis being performed Congregational vote prior to due diligence period

STILL WATERS CHURCH OVERVIEW Approximate cost ~$6.2 million Multi-building complex Sanctuary for ~270 people 4.9 acre site On N. Druid Hills Rd LOI issued for bid process 12/15

BENEFITS/DRAWBACKS BENEFITS DRAWBACKS Near UUCA N. Druid Hills traffic Visible from high volume road High Cost Could be move-in ready Small parking lot (~80 spots) Social Hall with kitchen (commercial vent hood!) Needs elevators Adjacent 2 bedroom apt Competing against developers to purchase 4.9 acres allows room for parking and new sanctuary 270 seat sanctuary

LEASE OVERVIEW BENEFITS DRAWBACKS Buys us time Cost $~30,000 per month Lease office AND sanctuary space Decreases working capital each year Move two times Storage needs