The Board of Directors approved a set budget for the project, 2.3% of projected revenues. The anticipated growth of the cooperative will pay for the financed amount for the construction. Since this is a capital investment, the cost of the expansion will be depreciated over the life of the building. Our current facility has served our needs for more than 40 years and we expect our new facility to have a similar lifespan. The financing for the facility will be paid back over a 30-year period. This allows for members today and into the future to contribute to the benefit they receive.
