At our General Assembly Meeting earlier this month, it was unanimously approved to pursue the acquisition of the new property for our parish expansion. The property is a steel building formerly used as a post office sorting facility with parking. It is located on Broadway and US41. The cost for the building is $600 thousand (a good price) and with improvements and city requirements for upgrades the total cost is estimated to be $900 thousand to $1 million.
The new facility will be able to seat 180 parishioners. Currently we have room for 125. The floor level seats 100 people and you can see during season we reach capacity almost every Sunday. There is also room for a social hall, kitchen, and Sunday School rooms.
We will fund this through donations and a private mortgage. The private mortgage will be converted to a bank mortgage once we establish a track record for lenders. Debt service on this mortgage will amount to about one-half of what we presently pay for rent so it will not be a hardship.
How Can You Help?
Now the heavy lifting starts. We need donations and investments. The more donations we have the less debt we have to carry. If you would like to invest, please talk to Fr. Hans and he will direct you to the people in charge of side of the process.
We need financial commitments. We have to bring money to the table in order to buy the property. Please donate generously so that our goal of $1 million can be reached.
Please note that we will need commitments by the middle of July.