Three Steps Forward....

So many things came together this week and we're very thankful for that. First, as Andreas posted, the CBIRT meeting went well on Wednesday. Second, on Wednesday evening, we received the completed appraisal, and the value of our project was better than we had hoped for, which should allow us to obtain the financing we want. Third, on Friday morning, the City issued the building permit to us.

The 30 day appeal process (whereby City residents can appeal the issuance of the building permit) is counting down - it ends on November 16th. We scheduled closing for the land for November 17th (tentative date which will be changed only if there's a valid appeal of the building permit, which we don't expect since we didn't ask for any variances and everything is in line with the city code).

We're now working on the co-ownership agreement with our lawyers, developing the detailed project plan, and awaiting the final confirmation on the financing (the loan underwriter will be going through the appraisal with a fine-tooth comb in the next few days). Also, I'm working on a public relations/marketing plan for this project to give visibility to environmentally friendly design and construction principles, and to recognize our partners who are collaborating with us on this project.