In a period of two years and through the outstanding support from the school and community, the board raised over $100,000. The sales agreement for the property has been signed and earnest money of $10,000 has been paid. A pre-development contract has been signed and a 50% downpayment of $75,000 has been made. Preliminary building plans have been drafted and are awaiting a few details before final approval.
The construction loan process is underway. Per the recommendation of our charter school consultant, the Board approved working with the Ziegler investment firm in Englewood, CO, to manage our bond loan application and approved RPM Capital Management as our lender.
At present, we are working on raising $20,000 needed to pay the remaining balance due for pre-development.