As a reminder of the opportunity, here is a brief recap from the families meeting on Dec. 20, 2021.

·       Since March, the goal has been to acquire and renovate the former YMCA and then Cotton Hall event center across the street.

·       Praise God, those properties have already been purchased and rezoned for Lake Pointe purposes.  

·       Renovation for academy uses and government codes for school, activities, and athletics more than double the property costs.

·        $800,000 was the spring fundraising challenge set by the board for families to help to raise a portion of the overall cost.

·       $270,000 was raised through November. Earlier this month, after comparing construction costs with the amount left to raise, the board reached out to families and faculty to share how essential completing the original $800,000 fundraising goal is to finishing the campus. 

·       Rather than to overly-leverage the properties in too large of a mortgage, the board is likely to cut out sizeable parts of the renovations, and to be content with what can be accomplished now. This would certainly reduce usable space and growth potential on the second story in the YMCA, as well as improvements in the Cotton Hall.

·       The $530,000 year-end push to complete the $800,000 goal for families will not cover the cost for renovation. It is a share of the overall cost, that will also be offset with profits from the sale of the existing campus and a conservative mortgage on new campus properties.

                                 Click this link to watch last week’s video

                                    Click this link to donate online through “Go Fund Me”

      https://www.gofundme.com/f/Lake-Pointe-Academy-Vision-2021?qid=8d19f94c5bbe9795f06a1ac67d91f39e

The Details    From the families meeting

The need

    We discussed in April the need to raise $800,000. 

    To date, we have raised $270,000. 

    Without raising a minimum of this additional $530,000, we have to make significant changes to the project which will ultimately add more cost for engineering, re-design and the future build out costs.

    That amount of money is necessary to fully renovate and expand the usable space in the former YMCA, especially upstairs.

The plan

Any funds or commitments received by end of this month will help the board with tough financial decisions. Either we receive additional funding to hold to the renovation plan or else prudence dictates that the board cut areas to stay within our means, and to be content with that. To be clear, the areas to be trimmed are those that we cannot simply come back in a year or two to add. For example, one important area is structural support for an expanded second level for space needs in the near future.

The deadline

The donation deadline is 5:00 p.m. Wednesday, December 29, 2021.

The families’ plan

After the presentation, some of the parents realized the urgency, the opportunity, and the benefits, and they quickly discussed how we can break down this need into manageable commitments.  We are asking that each family consider what they can commit to, whether it is a tax-deductible donation before end-of-year 2021, or a three-year commitment of monthly or quarterly donations.

The Breakdown

 Last night, family representatives suggested the following to accomplish the goal of more fully building-out the former YMCA

120 Families giving $4,417 each, in one lump-sum check, yields $530,000 before end of year to move forward with the campus plan as designed.

OR

In lieu of a single one-time gift, a commitment of $122.70 monthly or $368.08 four times per year for three years accomplishes similar results. These would need to be firm commitments, not just “if the money becomes available.”

Of course, any donations and all commitment forms are helpful and appreciated, and all donations to the campus fund are tax-deductible, since LPA is a 501(c)3 ministry.

We understand that some families may be able to commit much more than what is shown below, while others cannot even commit to these numbers. 

The Action Step

We ask that each of you pray as a family and reach out directly to Louis Lemmon or Karen Applegate prior to end-of-year, via email, to advise of your commitment (check or three year commitment). Encourage extended family members or others who you believe would want to support LPA's ministry to do the same.

    Reply to this e-mail at Mailbox@LakePointeAcademy.org

    Contact Louis Lemmon at Louis.Lemmon@LakePointeAcademy.org

    Reach Karen Applegate at Karen.Applegate@LakePointeAcademy.org