1. An Alternative Proposal to Save St. Paul’s Presented to the Garden City Board of Trustees By the Committee to Save St. Paul’s & The Garden City Historical Society 6/29/2010

2. A reasonable and affordable plan to preserve St. Paul’s for public use

3. Why Save St. Paul’s? Most significant real estate in GC Ruled by the courts a “public trust” Cost to average taxpayer for demo approx $120/yr What does Village get in return? DEIS states – “Unless the Proposed Action were abandoned, there would be an unavoidable “significant adverse impact” on Historic resources Aesthetic resources Community character Cluett Hall More consultant $$

11. Our Mission To develop a reasonable, realistic and affordable plan for preservation of St. Paul’s under the following conditions: – Maintain public control – Stabilize the building – Preserve historic features where possible – Public use within the building – Prove financially acceptable to majority – Full compliance with Village Building Code – Annual cost to average taxpayer no greater than demo

12. Outline of Plan Building turned over to Conservancy Board composition to reflect entire Village Conservancy issues 15-year bonds Bonds backed by lease payments from Village Basic Plan = $8,000,000 (same as demo +) Provision for operating costs = $2,000,000 Total = $10,000,000 Annual cost to taxpayer less than or equal to demo

13. Resources Employed Hired Bill Sullivan, formerly of Sullivan and Nickel – Respected building consultant – Intimately familiar with building – Limit basic plan to $8 million Consulted with public finance experts and experts in municipal law Hired architect well-versed in historic preservation and code compliance Consulted with The Garden City Historical Society and other community groups

14. Our Plan Complete preservation of exterior of building – Roof, windows, pointing and masonry where necessary Fire protection and sprinklers throughout the building Hazmat abatement Rehabilitation of major rooms on first floor Rehabilitation of the chapel Seal off upper floors for possible future use Full compliance with all building codes – – The Existing Building Code of NYS, 2007 (EBC) – The Building Code of NYS, 2007 (BC) – The Fire Code of NYS, 2007 (FC) – All other applicable documents

15. Construction Schematics & Costs Bill Sullivan

21. Questions re Construction Costs Current figures vs August 2004 Difference between private vs Village Ellis Hall Timeline

23. Structure and Financing Frank McDonough

24. Outline of Financial Plan Establish Conservancy Transfer of building ownership Village owns land Assumptions on demo cost $5.8 + $2.2= $8 Demo finance period – 10 years(see chart) Reduced scope restoration (see chart) Restoration + Operating Costs(see chart) Prior Experience and Meeting with HDW

25. Benefits of Conservancy Speed of procurement Significant cost savings – 15% - 30% Rapid start up Tax deductible contributions Access to multiple grants

26. Demolition at $8 million – 10 yrs

29. Other Considerations Private fundraising Grant Opportunities Ellis Hall Possible Uses and additional funds – “The Garden City Community Arts & Recreation Center”

35. A viable plan to preserve St. Paul’s Protects the structure for current & future use Maintains Village control Provides for public use Costs no more than demolition adaptive re-use for an historic building Preserves a priceless treasure Let’s get info out on Websites QUESTIONS

36. If we all join together … we can make this work… and the residents will embrace it!