WOW!!! RRGCC saves $10,000!!!

Post by **Josephine** » Tue Jun 08, 2010 11:19 am

Today weâ€™re happy to announce that the Access Fund is providing the RRGCC short-term financing to restructure the current seller-financed loan on the Pendergrass-Murray Recreational Preserve. Thatâ€™s a long way of saying the Access Fund is helping the RRGCC save nearly $10,000 dollars in interest payments by loaning us, via the Access Fundâ€™s Land Conservation Campaign, $65,000 at 2.5%.

http://rrgcc.org/pmrp/the-access-fund-a ... /#more-991

thank you Paul Vidal, Morgain Sprague, Dr. Bob & everyone else that worked together to get this grant!!! you guys rock!!! we really have a great Board of Directors!

Post by **Josephine** » Tue Jun 08, 2010 11:25 am

it gets even better!

The refinance will also eliminate the risk of losing the property to a private third-party, since a missed annual payment under the previous seller-financed loan would have returned the property to the seller and the funds raised by climbers would have been lost.

The refinance deal will set aside approximately $15,000 for land management costs of the Pendergrass-Murray property, as well as funds to allow RRGCC to pursue more climbing areas in the region.

Post by **RRO** » Tue Jun 08, 2010 11:31 am

im sure we will find something to fuss about soon........ but for now pat yourself on the back, sit back with a sigh of relief and smile for a job well done.

many thanks to those that busted hump to get this done as well as to the access fund for supporting grass root organizations like ours.

Post by **Andrew** » Tue Jun 08, 2010 11:55 am

That is amazing, great work guys.

Post by **One-Fall** » Tue Jun 08, 2010 12:02 pm

This is HUGE! So cool. So, when do we here about these other areas we are pursuing?!?

Post by **the lurkist** » Tue Jun 08, 2010 12:26 pm

good job, BOD. You did it. The property is safe. I am saying it now... MISSION ACCOMPLISHED!!!!

Thanks to the AF. Money well lent.

Post by **krampus** » Tue Jun 08, 2010 12:28 pm

damn I love living in kentucky

Post by **Paul3eb** » Tue Jun 08, 2010 12:34 pm

the lurkist wrote:good job, BOD. You did it. The property is safe. I am saying it now... MISSION ACCOMPLISHED!!!!

Thanks to the AF. Money well lent.

definitely a lot of good things going around.. but i caution on the mission accomplished. if we do call it mission accomplished, we have a new mission:

new mission: $65k in two years.. let's roll!

Post by **dustonian** » Tue Jun 08, 2010 1:45 pm

Yeah, way to go guys!!! Now let's buy some more climbing areas!! Thanks for all the hard work...

Post by **lena_chita** » Tue Jun 08, 2010 2:23 pm

Awesome!

LOL, but if I were you, I would have kept it quiet... or else people get this idea that it is all good now, no further effort/donation/contribution is required from them personally.

As it is, I was having this conversation with people i went climbing with a couple of weeks ago. Two of them were relatively new and infrequent visitors to the Red, so when they saw a "RRGCC is your project, SEND IT!" poster at Lago Linda, they paid attention and started asking questions. I was in the middle of my "everyone has to contribute, how much is this weekend worth to you, surely $10 is not a big deal, you liked climbing in the Southern region yesterday, all that effort that went into development, imagine loosing PMRP... etc. etc." spiel-- when another woman I was with, a climber with 10 years of experience who is at the Red every other weekend, piped in saying :"nah, they always hype it up, but somehow they always come up with those $30k every year without my help, not a big deal!" GRRRRR!!!!