Timeline & Facts about
7/7/10 Closed on
Broadway Ave. property
7/7/10 $109,000 has been pledged to date
7/2010 As of the
end of June, $65,000 has been pledged by 22 families and $65,000 has
been raised for the down payment.
7/2010 Tentative closing date of 7/7/10.
has been signed between the Church and sellers. Pending title
report, the closing date is on or before July 1, 2010.
$60,000 has been raised and $33,000 has been pledged.
voted to enter into the loan agreement with LCEF for the above
Lutheran Church Extension Fund (LCEF) approved an unsecured loan of
up to $650,000 at 5.25% for 20 years to Saint John’s. (The FEC has
challenged the congregation to pay off this debt in three years.
The difference in interest alone on a three year term and a 20 year
term is $347,248.37!)
have raised $44,483.00 towards the down payment.
Drive begins with a call for a down payment of $65,000.
voted 76 to 30 to purchase the land. No decision has been made
about what we will do with the land. Discussions about this topic
will begin in the Fall of 2010.
presented sellers’ offer to the congregation of the availability of
3.8 undeveloped acres in Sayville.
East end of property facing west