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ECAC Building Project Unique Opportunity EMC/JMC Town Hall Meeting February 24 th 2013.

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Presentation on theme: "ECAC Building Project Unique Opportunity EMC/JMC Town Hall Meeting February 24 th 2013."— Presentation transcript:

1 ECAC Building Project Unique Opportunity EMC/JMC Town Hall Meeting February 24 th 2013

2 Agenda What has happened since September 2012 and VCC update What has happened since September 2012 and VCC update Review the church building project with comparison of 199 Street and VCC Review the church building project with comparison of 199 Street and VCC Recall Gods grace for VCC Recall Gods grace for VCC Next Step for ECAC Next Step for ECAC Conclusion Conclusion Questions and Comments Questions and Comments

3 What we did in September 2012 We had two town hall meetings on the VCC unique opportunity, a site tour and congregations feedback on VCC. We had two town hall meetings on the VCC unique opportunity, a site tour and congregations feedback on VCC. Feedback from the congregations showed overwhelming support for a bid for VCC. Feedback from the congregations showed overwhelming support for a bid for VCC. Elder Board unanimously endorsed submitting a bid on September 10 th, 2012 Elder Board unanimously endorsed submitting a bid on September 10 th, 2012 Elder Board is mindful of the concerns expressed by some members mainly on location and ministry direction of ECAC and has considered them seriously. Elder Board is mindful of the concerns expressed by some members mainly on location and ministry direction of ECAC and has considered them seriously.

4 Update on our September 2012 VCC Bid One month ago, we discovered that due to various circumstances our bid, as well as any other bids, were not presented to the courts. One month ago, we discovered that due to various circumstances our bid, as well as any other bids, were not presented to the courts. Elder Board and the Western District of C&MA have been monitoring the process closely. Elder Board and the Western District of C&MA have been monitoring the process closely. Two weeks ago the court appointed receiver informed us we have a unique but time-limited opportunity. Two weeks ago the court appointed receiver informed us we have a unique but time-limited opportunity. Our bid and another higher bid will be presented to the courts as soon as possible. Our bid and another higher bid will be presented to the courts as soon as possible. If we can remove the conditions on our bid the courts may accept our unconditional bid in preference to the other bid. If we can remove the conditions on our bid the courts may accept our unconditional bid in preference to the other bid.

5 The Conditions to be removed 1. Environmental site assessment 1. Environmental site assessment 2. Building inspection 2. Building inspection 3. Congregational Approval by means of a GMM vote of over 75% approval 3. Congregational Approval by means of a GMM vote of over 75% approval 4. District Approval 4. District Approval

6 Vision and Progress of ECAC Building Project 2000: Vision for a larger facility 2000: Vision for a larger facility 2005: Bought and paid for 199 Street property at $1.22 million 2005: Bought and paid for 199 Street property at $1.22 million 2008: Land Use Task Force completed, church voted for a One-Campus Church. 2008: Land Use Task Force completed, church voted for a One-Campus Church. 2011: Building Committee investigated into swapping land or buying older churches/schools to meet our facility needs – none were suitable 2011: Building Committee investigated into swapping land or buying older churches/schools to meet our facility needs – none were suitable 2011: Capital Campaign raised $2.8 million for building project 2011: Capital Campaign raised $2.8 million for building project At present, usage of rooms and sanctuaries are maximized, ministries and fellowships are struggling to find space for growth. At present, usage of rooms and sanctuaries are maximized, ministries and fellowships are struggling to find space for growth.

7 Unique Opportunity in Victory Christian Center Judicial sale of VCC in September 2012. Judicial sale of VCC in September 2012. This means the property sale will be handled This means the property sale will be handled by the court through a bidding process. The court will sell the property to the successful bidder. The court will sell the property to the successful bidder. The asking price was $14 million, including land and buildings on the site. The asking price was $14 million, including land and buildings on the site.

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10 Compare 199 Street facility with VCC facility after additions/renovations

11 199 St Facility The site has 12 acres of land The site has 12 acres of land The church building is brand new, almost 25,800 sq ft, with one sanctuary of 560 capacity and a gym/sanctuary of 460 capacity. The church building is brand new, almost 25,800 sq ft, with one sanctuary of 560 capacity and a gym/sanctuary of 460 capacity. CE building/offices are portables that are new, will have 8 offices and 16 classrooms of 8,500 sq ft. CE building/offices are portables that are new, will have 8 offices and 16 classrooms of 8,500 sq ft. Parking stalls 320 Parking stalls 320

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14 VCC Facility VCC Facility The site has 20 acres of land. The site has 20 acres of land. The church building was built in 1988; it is almost 22,600 sq ft, with one sanctuary of 1,250 capacity, offices, five classrooms and a daycare center on the mezzanine. The church building was built in 1988; it is almost 22,600 sq ft, with one sanctuary of 1,250 capacity, offices, five classrooms and a daycare center on the mezzanine. Next to the main building, a school made up of portables built in 1992, it has a size of 25,400 sq ft with offices and 16 large classrooms, one small kitchen and a large meeting area. Next to the main building, a school made up of portables built in 1992, it has a size of 25,400 sq ft with offices and 16 large classrooms, one small kitchen and a large meeting area. There is a sports field on the site There is a sports field on the site

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18 VCC Facility HAI architect completed a conceptual plan renovating VCC to meet our facility needs and to update this 1988 building HAI architect completed a conceptual plan renovating VCC to meet our facility needs and to update this 1988 building HAI considered these areas HAI considered these areas –Parking stalls - from 200 to 521 –Larger foyer - thus sanctuary capacity decrease from 1,250 to 950 –Add gym/sanctuary 460 capacity, large kitchen and washrooms - over 14,000 sq ft The following slides are Space Planning Drawings The following slides are Space Planning Drawings

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20 Compare 199 street facility location vs VCC facility location

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24 Compare 199 Street facility to VCC facility after additions/renovations 199 St Brand New Brand New 12 acres of land 12 acres of land Sanctuary capacity 560 Sanctuary capacity 560 Gym/sanctuary 460 Gym/sanctuary 460 Office/classroom-8/16 Office/classroom-8/16 Total area-34,270 sq ft Total area-34,270 sq ft Parking - 320 Parking - 320 VCC Partly New Partly New 20 acres of land 20 acres of land Sanctuary capacity 950 Sanctuary capacity 950 Gym/sanctuary 460 Gym/sanctuary 460 Office/classroom-8/22 Office/classroom-8/22 Total area-62,000 sq ft Total area-62,000 sq ft Parking – 510 Parking – 510 One Football field One Football field

25 Compare 199 Street facility to VCC facility on Timeline and Cost

26 Review of 199 St: Timeline & Cost Anticipated completion: Late Fall 2014. Anticipated completion: Late Fall 2014. Current Estimate $19.5 million Current Estimate $19.5 million Projected deficit is $3.66 million* Projected deficit is $3.66 million* Condition Required: *$5,2 million Over Expenditure charge Most likely this will be waived by the City due to precedence for other churches which are also non- profit organization Most likely this will be waived by the City due to precedence for other churches which are also non- profit organizationNote: *$3.66 million may require 2 to 3 Capital Campaigns which will delay anticipated completion date. This will increase estimated cost of building.

27 VCC : Timeline and Costs Anticipated completion: late fall 2014 Anticipated completion: late fall 2014 Current Estimate $16 million Current Estimate $16 million Projected Deficit: $0, No new Capital Campaign $0, No new Capital Campaign

28 VCC: Due Diligence and Bid Price Appraised value of VCC 1. The official appraised value is $7.5 million 2. We hired an appraiser to guide our bid at a fair price. Our appraisal came in at $9 million Due diligence was done to include the onsite cost, payment to city, building construction, furniture, interest, architect fees, construction management fees and contingency; total cost to build is $9.2 million Due diligence was done to include the onsite cost, payment to city, building construction, furniture, interest, architect fees, construction management fees and contingency; total cost to build is $9.2 million Elder Board decided on a bid of $6.8 million which is affordable to us and at fair market value Elder Board decided on a bid of $6.8 million which is affordable to us and at fair market value

29 Funding of VCC Project Sell 199 St property of 12 acres - $3.5 million Sell 199 St property of 12 acres - $3.5 million Sell current church to coincide with the completion of the VCC renovations - $1.75 million Sell current church to coincide with the completion of the VCC renovations - $1.75 million Collect outstanding Capital Campaign faith pledge – $1.4 million Collect outstanding Capital Campaign faith pledge – $1.4 million District fully supports us in this project and will provide Bridge Financing and long term Mortgage ($3.5 million over 25years at prime plus 0.5% interest) District fully supports us in this project and will provide Bridge Financing and long term Mortgage ($3.5 million over 25years at prime plus 0.5% interest) District will provide a non payment loan on the extra 10 acres for $3.1 million. (District will not call the loan until the church is able to pay back this amount. The interest is accrued monthly at prime plus 0.5% interest. As long as we dont utilize the land we dont have to pay the loan. ) District will provide a non payment loan on the extra 10 acres for $3.1 million. (District will not call the loan until the church is able to pay back this amount. The interest is accrued monthly at prime plus 0.5% interest. As long as we dont utilize the land we dont have to pay the loan. )

30 Mortgage payment Mortgage is $3.5 million from Royal Bank, monthly payment is $20,450. Mortgage is $3.5 million from Royal Bank, monthly payment is $20,450. Term is 5% interest for 25 years Term is 5% interest for 25 years This works out to approximately an added $17.60 in donations per family unit, per week This works out to approximately an added $17.60 in donations per family unit, per week

31 Compare 199 St versus VCC: Timeline and Cost 199 St Anticipated completion late fall 2014* Anticipated completion late fall 2014* Cost $19.5 million Cost $19.5 million Conditions Required: - Waiver of OE charges $5.2million (Most likely) $5.2million (Most likely) -Sell our present church - $3.5 million mortgage -No payment loan from District on extra 4 acres *$3.65 million from additional Capital Campaigns VCC Anticipated completion late fall 2014* Anticipated completion late fall 2014* Cost is $16.03 million Cost is $16.03 million Conditions Required: -Successful bid -Sell 12 acres to open market -Sell our present church - $3.5 million mortgage - No payment loan from District on extra 10 acres * No additional Capital Campaign

32 Compare 199 St site with VCC site on Location

33 ECAC VCC 199 St Location 199 St Location

34 Compare 199 St vs VCC on location 199 St 199 St West of city West of city Easy access from Anthony Henday Drive Easy access from Anthony Henday Drive District agrees on this location for a church District agrees on this location for a church VCC VCC South west of city South west of city Easy access from Anthony Henday Drive Easy access from Anthony Henday Drive District thinks this is prime location for a church District thinks this is prime location for a church

35 Travel time by car to 199 St vs VCC (google map) 199 St (5019- 199 St) From WEM – 10 minutes From WEM – 10 minutes From Shaw conference centre - 25 minutes From Shaw conference centre - 25 minutes From Terwillegar Towne From Terwillegar Towne – 14 minutes – 14 minutes (*to 9120 146 street – 15 min) From Summit Centre St Albert - 18 minutes From Summit Centre St Albert - 18 minutes VCC (11520- Ellerslie Rd) VCC (11520- Ellerslie Rd) From WEM – 19 minutes From WEM – 19 minutes From Shaw conference centre - 28 minutes From Shaw conference centre - 28 minutes From Terwillegar Towne From Terwillegar Towne – 11 minutes From Summit Centre St Albert – 27 minutes From Summit Centre St Albert – 27 minutes (*to 9120 146 street - 26 min)

36 Transportation to VCC From University of Alberta Campus, 20 minutes car ride South From University of Alberta Campus, 20 minutes car ride South From Southgate, 15 minutes car ride South through 111 Street From Southgate, 15 minutes car ride South through 111 Street From Century Park, 8 minutes car ride South through 111 Street From Century Park, 8 minutes car ride South through 111 Street LRT and bus route on UA campus and 111 Street South to Ellerslie Road and 8 minutes walk West to VCC LRT and bus route on UA campus and 111 Street South to Ellerslie Road and 8 minutes walk West to VCC

37 Recall Gods grace for VCC Low bid was not accepted by VCC lenders in September 2012, Low bid was not accepted by VCC lenders in September 2012, Other bids have many conditions, also not accepted –Expectation of VCC lenders was reduced from 14 million - November 2012 another church bid at much higher price but with conditions, - November 2012 another church bid at much higher price but with conditions, By Gods grace, two weeks ago, we were given the opportunity of an unconditional bid by the VCC lender. By Gods grace, District is willing to support us with a $3.1 million no payment loan for the extra 10 acres By Gods grace, District is willing to support us with a $3.1 million no payment loan for the extra 10 acres Building assessment was priced at $16,000. By Gods grace, Building assessment was priced at $16,000. By Gods grace, in 1 day we found a Master Inspector who charged only $6,000. In addition, because he is a Christian, he will donate $3,000 back to our church. in 1 day we found a Master Inspector who charged only $6,000. In addition, because he is a Christian, he will donate $3,000 back to our church. Cost of Environmental study priced at $3,250. Total cost for Building assessment and Environmental study is $6,250. By Gods grace, it was underwritten by an anonymous donor. Thus, there is no cost to ECAC in meeting the first two conditions Cost of Environmental study priced at $3,250. Total cost for Building assessment and Environmental study is $6,250. By Gods grace, it was underwritten by an anonymous donor. Thus, there is no cost to ECAC in meeting the first two conditions

38 Next Step for ECAC Next Step for ECAC Two Town Hall meetings held on February 24 th (today) Two Town Hall meetings held on February 24 th (today) - MMC and CMC, at 11am to 12:30pm - EMC and JMC, at 12:45 pm to 1:45pm Town Hall Meeting Handout available for prayer and decision making Town Hall Meeting Handout available for prayer and decision making Advance Voting available on March 3 rd (next Sunday) Advance Voting available on March 3 rd (next Sunday) at the church office.* Voting on March 10 th (two Sundays from today) at 12:45 pm in the main sanctuary for all congregations. Decision will be announced after votes are counted.* Voting on March 10 th (two Sundays from today) at 12:45 pm in the main sanctuary for all congregations. Decision will be announced after votes are counted.* *Voting is for ECAC members only

39 If Congregational Approval is given : (over 75% yes vote received) Need both Environmental Studies and Building Inspection to be satisfactory. Need both Environmental Studies and Building Inspection to be satisfactory. Need District approval. Need District approval. Then District will submit the unconditional bid to the courts on behalf of ECAC on the date appointed by the judge. Then District will submit the unconditional bid to the courts on behalf of ECAC on the date appointed by the judge. If the Judge approves our bid, the monies will be due and payable by the District immediately and the District will own the VCC site. If the Judge approves our bid, the monies will be due and payable by the District immediately and the District will own the VCC site. The District will give us directions to organize the transitional phase of building additions, renovations, sell of this church and sell of 199 Street land. The District will give us directions to organize the transitional phase of building additions, renovations, sell of this church and sell of 199 Street land. We can aim to move to VCC renovated site by late fall 2014. We can aim to move to VCC renovated site by late fall 2014.

40 Conclusion: VCC facility meets ECAC facility needs VCC facility meets ECAC facility needs This unique opportunity could bring us to our desired goal of a larger, newer worship facility. It will meet our growing needs with significant cost and time savings. This unique opportunity could bring us to our desired goal of a larger, newer worship facility. It will meet our growing needs with significant cost and time savings. The District supports us to enter an unconditional bid The District supports us to enter an unconditional bid Elder Board experienced Gods grace in this unique opportunity Elder Board experienced Gods grace in this unique opportunity Our responsibility is to be good stewards of our resources and opportunity. We strive to make the wisest decision we can. In balancing the pros and cons between the VCC and 199 Street sites, Elder Board is favorable towards submitting an unconditional bid. Our responsibility is to be good stewards of our resources and opportunity. We strive to make the wisest decision we can. In balancing the pros and cons between the VCC and 199 Street sites, Elder Board is favorable towards submitting an unconditional bid.

41 Conclusion continued : We do not know how God will leadwhether it will be VCC or 199 Stbut we are certain of this: ECAC is committed in prayer to ask God to clearly open or close doors according to His will. We are committed to submitting to Gods plans. We do not know how God will leadwhether it will be VCC or 199 Stbut we are certain of this: ECAC is committed in prayer to ask God to clearly open or close doors according to His will. We are committed to submitting to Gods plans. In the midst of complex emotions that may arise in a vote, we are committed to Building TOGETHER, and the greater journey of learning unity and how to care for each other as four congregations, three languages, and one churchfor the glory of Christ. In the midst of complex emotions that may arise in a vote, we are committed to Building TOGETHER, and the greater journey of learning unity and how to care for each other as four congregations, three languages, and one churchfor the glory of Christ.

42 End of Presentation Welcome Questions and Comments


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