Health Center Project
Strategy
Build a community medical center serving all of West Marin by Spring 2014. We would like to keep the cost of the project to $6,800,000. We have based our cash requirements and projected cash flow on an additional 15% for unforeseen contingencies. We will attempt to raise sufficient funds to pay for this entire amount with cash so that our rents could be structured to cover only on-going costs and reserves ($1.00 – $1.20/sq ft)
Steps to Completion
By the end of this Phase:
Secure $100,000 in preliminary funding
Hire project manager
Complete feasibility study
Complete needs assessment
Make informed decision to proceed (or not)
By the end of 2011:
Secure a commitment for the land from the County of Marin and
address zoning issues
Obtain good faith assurances from funders of 50% of total project costs
Obtain binding commitments or actual funding of $1,500,000
Verify septic capacity
Select architectural firm and begin design
Design and begin capital campaign
By the end of 2012
complete all design, engineering, septic, site permits and begin construction
By end of 2013
Complete fundraising and basic construction.
By spring of 2014
Complete landscaping, interior finishing
Build a community medical center serving all of West Marin by Spring 2014. We would like to keep the cost of the project to $6,800,000. We have based our cash requirements and projected cash flow on an additional 15% for unforeseen contingencies. We will attempt to raise sufficient funds to pay for this entire amount with cash so that our rents could be structured to cover only on-going costs and reserves ($1.00 – $1.20/sq ft)
Steps to Completion
By the end of this Phase:
Secure $100,000 in preliminary funding
Hire project manager
Complete feasibility study
Complete needs assessment
Make informed decision to proceed (or not)
By the end of 2011:
Secure a commitment for the land from the County of Marin and
address zoning issues
Obtain good faith assurances from funders of 50% of total project costs
Obtain binding commitments or actual funding of $1,500,000
Verify septic capacity
Select architectural firm and begin design
Design and begin capital campaign
By the end of 2012
complete all design, engineering, septic, site permits and begin construction
By end of 2013
Complete fundraising and basic construction.
By spring of 2014
Complete landscaping, interior finishing