ECACECACBuilding Project Unique OpportunityBuilding Project Unique Opportunity

EMC/JMC EMC/JMC

Town Hall MeetingTown Hall Meeting

February 24February 24thth 2013 2013

Agenda Agenda What has happened since September 2012 What has happened since September 2012

and VCC updateand VCC update Review the church building project with Review the church building project with

comparison of 199 Street and VCCcomparison of 199 Street and VCC Recall God’s grace for VCCRecall God’s grace for VCC Next Step for ECACNext Step for ECAC Conclusion Conclusion Questions and CommentsQuestions and Comments

What we did in September 2012 What we did in September 2012

We had two town hall meetings on the VCC We had two town hall meetings on the VCC unique opportunity, a site tour and congregations unique opportunity, a site tour and congregations feedback on VCC. feedback on VCC.

Feedback from the congregations showed Feedback from the congregations showed overwhelming support for a bid for VCC. overwhelming support for a bid for VCC.

Elder Board unanimously endorsed submitting a Elder Board unanimously endorsed submitting a bid on September 10bid on September 10thth, 2012, 2012

Elder Board is mindful of the concerns expressed Elder Board is mindful of the concerns expressed by some members mainly on location and by some members mainly on location and ministry direction of ECAC and has considered ministry direction of ECAC and has considered them seriously. them seriously.

Update on our September 2012 VCC Update on our September 2012 VCC BidBid

One month ago, we discovered that due to One month ago, we discovered that due to various circumstances our bid, as well as any various circumstances our bid, as well as any other bids, were not presented to the courts. other bids, were not presented to the courts.

Elder Board and the Western District of C&MA Elder Board and the Western District of C&MA have been monitoring the process closely. have been monitoring the process closely.

Two weeks ago the court appointed receiver Two weeks ago the court appointed receiver informed us we have a unique but time-limited informed us we have a unique but time-limited opportunity.opportunity.

Our bid and another Our bid and another higherhigher bid will be presented bid will be presented to the courts as soon as possible. to the courts as soon as possible.

If we can remove the conditions on our bid the If we can remove the conditions on our bid the courts courts maymay accept our unconditional bid in accept our unconditional bid in preference to the other bid. preference to the other bid.

The Conditions to be removedThe Conditions to be removed

1. Environmental site assessment1. Environmental site assessment 2. Building inspection2. Building inspection 3. Congregational Approval by means 3. Congregational Approval by means

of a of a GMM vote of over 75% GMM vote of over 75% approvalapproval

4. District Approval4. District Approval

Vision and Progress of ECAC Building Vision and Progress of ECAC Building Project Project

2000: Vision for a larger facility 2000: Vision for a larger facility 2005: Bought and paid for 199 Street property at 2005: Bought and paid for 199 Street property at

$1.22 million$1.22 million 2008: Land Use Task Force completed, church 2008: Land Use Task Force completed, church

voted for a “One-Campus Church”. voted for a “One-Campus Church”. 2011: Building Committee investigated into 2011: Building Committee investigated into

swapping land or buying older churches/schools swapping land or buying older churches/schools to meet our facility needs – none were suitable to meet our facility needs – none were suitable

2011: Capital Campaign raised $2.8 million for 2011: Capital Campaign raised $2.8 million for building projectbuilding project

At present, usage of rooms and sanctuaries are At present, usage of rooms and sanctuaries are maximized, ministries and fellowships are maximized, ministries and fellowships are struggling to find space for growth.struggling to find space for growth.

Unique Opportunity in Victory Christian Unique Opportunity in Victory Christian CenterCenter

Judicial sale of VCC in September 2012. Judicial sale of VCC in September 2012. This means the property sale will be This means the property sale will be handled handled

by the court through a bidding process. by the court through a bidding process. The court will sell the property to the The court will sell the property to the successful successful bidder.bidder. The asking price was $14 million, including The asking price was $14 million, including land land and buildings on the site.and buildings on the site.

Compare 199 Street Compare 199 Street facilityfacility with VCC with VCC facility after additions/renovationsfacility after additions/renovations

199 St Facility199 St Facility

The site has 12 acres of landThe site has 12 acres of land The church building is brand new, The church building is brand new,

almost 25,800 sq ft, with one almost 25,800 sq ft, with one sanctuary of 560 capacity and a sanctuary of 560 capacity and a gym/sanctuary of 460 capacity. gym/sanctuary of 460 capacity.

CE building/offices are portables that CE building/offices are portables that are new, will have 8 offices and 16 are new, will have 8 offices and 16 classrooms of 8,500 sq ft. classrooms of 8,500 sq ft.

Parking stalls 320Parking stalls 320

VCC FacilityVCC Facility

The site has 20 acres of land.The site has 20 acres of land. The church building was built in 1988; it is The church building was built in 1988; it is

almost 22,600 sq ft, with one sanctuary of almost 22,600 sq ft, with one sanctuary of 1,250 capacity, offices, five classrooms 1,250 capacity, offices, five classrooms and a daycare center on the mezzanine.and a daycare center on the mezzanine.

Next to the main building, a school made Next to the main building, a school made up of portables built in 1992, it has a size up of portables built in 1992, it has a size of 25,400 sq ft with offices and 16 large of 25,400 sq ft with offices and 16 large classrooms, one small kitchen and a large classrooms, one small kitchen and a large meeting area. meeting area.

There is a sports field on the siteThere is a sports field on the site

VCCVCC FacilityFacility

HAI architect completed a conceptual plan HAI architect completed a conceptual plan renovating VCC to meet our facility needs and to renovating VCC to meet our facility needs and to update this 1988 buildingupdate this 1988 building

HAI considered these areasHAI considered these areas– Parking stalls - from 200 to 521Parking stalls - from 200 to 521– Larger foyer - thus sanctuary capacity Larger foyer - thus sanctuary capacity

decrease from 1,250 to 950decrease from 1,250 to 950– Add gym/sanctuary 460 capacity, large kitchen Add gym/sanctuary 460 capacity, large kitchen

and washrooms - over 14,000 sq ftand washrooms - over 14,000 sq ft The following slides are Space Planning DrawingsThe following slides are Space Planning Drawings

VCC facilityVCC facility

Compare 199 street facility location vs VCC Compare 199 street facility location vs VCC facility facility locationlocation

yy

Compare 199 Street Compare 199 Street facilityfacility to VCC to VCC facility after facility after additions/renovationsadditions/renovations

199 St199 St Brand NewBrand New 12 acres of land 12 acres of land Sanctuary capacity Sanctuary capacity

560560 Gym/sanctuary 460Gym/sanctuary 460 Office/classroom-8/16Office/classroom-8/16 Total area-34,270 sq ftTotal area-34,270 sq ft Parking - 320Parking - 320

VCCVCC Partly NewPartly New 20 acres of land20 acres of land Sanctuary capacity Sanctuary capacity

950950 Gym/sanctuary 460Gym/sanctuary 460 Office/classroom-8/22Office/classroom-8/22 Total area-62,000 sq ftTotal area-62,000 sq ft Parking – 510Parking – 510 One Football fieldOne Football field

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

Review of 199 St: Timeline & CostReview of 199 St: Timeline & Cost

Anticipated completion:Anticipated completion: Late Late FallFall 2014. 2014. Current EstimateCurrent Estimate $19.5 million $19.5 million Projected deficit is $3.66 million*Projected deficit is $3.66 million*

Condition Required:Condition Required:*$5,2 million *$5,2 million Over Expenditure chargeOver Expenditure charge Most likely this will be waived by the City Most likely this will be waived by the City

due to precedence for other churches which due to precedence for other churches which are also non-profit organization are also non-profit organization

Note: Note: *$3.66 million may require 2 to 3 Capital *$3.66 million may require 2 to 3 Capital

Campaigns which will delay anticipated Campaigns which will delay anticipated completion date. This will increase completion date. This will increase estimated cost of building.estimated cost of building.

VCC : Timeline and Costs VCC : Timeline and Costs

Anticipated completion:Anticipated completion:late fall late fall 20142014 Current EstimateCurrent Estimate $16 million $16 million

Projected Deficit:Projected Deficit: $0,$0, No new Capital Campaign No new Capital Campaign

VCC: Due Diligence and Bid PriceVCC: Due Diligence and Bid Price

Appraised value of VCCAppraised value of VCC

1. The official appraised value is $7.5 million1. The official appraised value is $7.5 million

2.2. We hired an appraiser to guide our bid at a fair price. We hired an appraiser to guide our bid at a fair price. Our appraisal came in at $9 million Our appraisal came in at $9 million

Due diligence was done to include the onsite cost, Due diligence was done to include the onsite cost, payment to city, building construction, furniture, payment to city, building construction, furniture, interest, architect fees, construction management interest, architect fees, construction management fees and contingency; total cost to build is $9.2 million fees and contingency; total cost to build is $9.2 million

Elder Board decided on a bid of $6.8 millionElder Board decided on a bid of $6.8 million which is which is affordable to us and at fair market value affordable to us and at fair market value

Funding of VCC ProjectFunding of VCC Project

Sell 199 St property of 12 acres - $3.5 millionSell 199 St property of 12 acres - $3.5 million Sell current church to coincide with the completion of Sell current church to coincide with the completion of

the VCC renovations - $1.75 millionthe VCC renovations - $1.75 million Collect outstanding Capital Campaign faith pledge – Collect outstanding Capital Campaign faith pledge –

$1.4 million$1.4 million District fully supports us in this project and will District fully supports us in this project and will

provide Bridge Financing and long term Mortgage provide Bridge Financing and long term Mortgage ($3.5 million over 25years at prime plus 0.5% interest) ($3.5 million over 25years at prime plus 0.5% interest)

District will provide a non payment loan on the extra District will provide a non payment loan on the extra 10 acres for $3.1 million. 10 acres for $3.1 million. (District will not call the loan (District will not call the loan until the church is able to pay back this amount. until the church is able to pay back this amount. TThe he interest is accrued monthly at prime plus 0.5% interest. As interest is accrued monthly at prime plus 0.5% interest. As long as we don’t utilize the land we don’t have to pay the long as we don’t utilize the land we don’t have to pay the loan. )loan. )

Mortgage paymentMortgage payment

Mortgage is $3.5 million from Royal Mortgage is $3.5 million from Royal Bank, monthly payment is $20,450. Bank, monthly payment is $20,450.

Term is 5% interest for 25 yearsTerm is 5% interest for 25 years This works out to approximately an This works out to approximately an

added $17.60 in donations per family added $17.60 in donations per family unit, per weekunit, per week

Compare Compare 199 St versus VCC: Timeline and Cost199 St versus VCC: Timeline and Cost

199 St199 St Anticipated completion Anticipated completion

late fall 2014*late fall 2014* Cost $19.5 millionCost $19.5 millionConditions Required: Conditions Required: -- Waiver of OE chargesWaiver of OE charges $5.2million (Most likely)$5.2million (Most likely)-Sell our present church-Sell our present church- $3.5 million mortgage- $3.5 million mortgage-No payment loan from -No payment loan from

District on extra 4 acres District on extra 4 acres **$3.65 million from $3.65 million from

additionaladditionalCapital CampaignsCapital Campaigns

VCC VCC Anticipated completion Anticipated completion

late fall 2014*late fall 2014* Cost is $16.03 millionCost is $16.03 million

Conditions Required:Conditions Required:

-Successful bid-Successful bid

-Sell 12 acres to open -Sell 12 acres to open marketmarket

-Sell our present church-Sell our present church

- $3.5 million mortgage - $3.5 million mortgage

- No payment loan from - No payment loan from District on extra 10 District on extra 10 acresacres

* * No additional Capital No additional Capital CampaignCampaign

Compare 199 St site with VCC site on Compare 199 St site with VCC site on LocationLocation

ECACECAC

VCCVCC

199 StLocation199 St

Location

Compare 199 St vs VCC on Compare 199 St vs VCC on locationlocation

199 St 199 St West of cityWest of city Easy access from Easy access from

Anthony Henday Anthony Henday DriveDrive

District agrees on District agrees on this location for a this location for a churchchurch

VCCVCC South west of citySouth west of city Easy access from Easy access from

Anthony Henday Anthony Henday DriveDrive

District thinks this District thinks this is prime location is prime location for a churchfor a church

Travel time by car to 199 St vs VCC Travel time by car to 199 St vs VCC (google map)(google map)

199 St (5019- 199 St)199 St (5019- 199 St) From WEM From WEM –– 10 minutes 10 minutes From Shaw conference From Shaw conference

centre - centre - 25 minutes25 minutes From Terwillegar TowneFrom Terwillegar Towne

– – 14 minutes 14 minutes (*to 9120 146 street – 15 (*to 9120 146 street – 15 min)min)

From Summit Centre St From Summit Centre St Albert - Albert - 18 minutes18 minutes

VCC (11520- Ellerslie Rd)VCC (11520- Ellerslie Rd) From WEM From WEM –– 19 minutes 19 minutes From Shaw conference From Shaw conference

centre - centre - 28 minutes28 minutes From Terwillegar Towne From Terwillegar Towne

– – 11 minutes11 minutes

From Summit Centre St From Summit Centre St Albert – 27 minutesAlbert – 27 minutes(*to 9120 146 street - 26 (*to 9120 146 street - 26 min)min)

Transportation to VCCTransportation to VCC

From University of Alberta Campus, 20 From University of Alberta Campus, 20 minutes car ride Southminutes car ride South

From Southgate, 15 minutes car ride From Southgate, 15 minutes car ride South through 111 Street South through 111 Street

From Century Park, 8 minutes car ride From Century Park, 8 minutes car ride South through 111 Street South through 111 Street

LRT and bus route on UA campus and 111 LRT and bus route on UA campus and 111 Street South to Ellerslie Road and 8 Street South to Ellerslie Road and 8 minutes walk West to VCCminutes walk West to VCC

Recall God’s grace for VCCRecall God’s 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 acceptedOther bids have many conditions, also not accepted– Expectation of VCC lenders was reduced from 14 million Expectation of VCC lenders was reduced from 14 million

- November 2012 another church bid at much higher price - November 2012 another church bid at much higher price but with conditions,but with conditions,By God’s grace, two weeks ago, we were given the By God’s grace, two weeks ago, we were given the opportunity of an unconditional bid by the VCC lender.opportunity of an unconditional bid by the VCC lender.

By God’s grace, District is willing to support us with a $3.1 By God’s grace, District is willing to support us with a $3.1 million no payment loan for the extra 10 acresmillion no payment loan for the extra 10 acres

Building assessment was priced at $16,000. By God’s grace,Building assessment was priced at $16,000. By God’s grace, in 1 day we found a Master Inspector who charged only in 1 day we found a Master Inspector who charged only

$6,000. In addition, because he is a Christian, he will donate $6,000. In addition, because he is a Christian, he will donate $3,000 back to our church. $3,000 back to our church.

Cost of Environmental study priced at $3,250. Cost of Environmental study priced at $3,250. Total cost for Total cost for Building assessment and Environmental study is $6,250. By Building assessment and Environmental study is $6,250. By God’s grace, it was underwritten by an anonymous donor. God’s grace, it was underwritten by an anonymous donor. Thus, there is no cost to ECAC in meeting the first two Thus, there is no cost to ECAC in meeting the first two conditionsconditions

Next Step for ECACNext Step for ECAC

Two Town Hall meetings held on FebruaryTwo Town Hall meetings held on February 24 24thth (today)(today)- MMC and CMC, at 11am to 12:30pm- MMC and CMC, at 11am to 12:30pm- EMC and JMC, at 12:45 pm to 1:45pm- EMC and JMC, at 12:45 pm to 1:45pm

Town Hall Meeting Handout available for prayer Town Hall Meeting Handout available for prayer and decision makingand decision making

Advance Voting available on March 3Advance Voting available on March 3rdrd (next (next Sunday)Sunday)at the church office.*at the church office.*

Voting on March 10Voting on March 10thth (two Sundays from today) at (two Sundays from today) at 12:45 pm in the main sanctuary for all 12:45 pm in the main sanctuary for all congregations. Decision will be announced after congregations. Decision will be announced after votes are counted.*votes are counted.*

**Voting is for ECAC members onlyVoting is for ECAC members only

If Congregational Approval is given :If Congregational Approval is given :(over 75% “yes” vote received)(over 75% “yes” vote received)

Need both Environmental Studies and Building Need both Environmental Studies and Building Inspection to be satisfactory.Inspection to be satisfactory.

Need District approval.Need District approval. Then District will submit the unconditional bid to Then District will submit the unconditional bid to

the courts on behalf of ECAC on the date the courts on behalf of ECAC on the date appointed by the judge. appointed by the judge.

If the Judge approves our bid, the monies will be If the Judge approves our bid, the monies will be due and payable by the District immediately and due and payable by the District immediately and the District will own the VCC site. the District will own the VCC site.

The District will give us directions to organize the The District will give us directions to organize the transitional phase of building additions, transitional phase of building additions, renovations, sell of this church and sell of 199 renovations, sell of this church and sell of 199 Street land. Street land.

We can aim to move to VCC renovated site by We can aim to move to VCC renovated site by late fall 2014. late fall 2014.

Conclusion:Conclusion: VCC facility meets ECAC facility needsVCC facility meets ECAC facility needs This unique opportunity could bring us to our This unique opportunity could bring us to our

desired goal of a larger, newer worship facility. It desired goal of a larger, newer worship facility. It will meet our growing needs with significant cost will meet our growing needs with significant cost and time savings. and time savings.

The District supports us to enter an unconditional The District supports us to enter an unconditional bidbid

Elder Board experienced God’s grace in this Elder Board experienced God’s grace in this unique opportunityunique opportunity

Our responsibility is to be good stewards of our Our responsibility is to be good stewards of our resources and opportunity. We strive to make resources and opportunity. We strive to make the wisest decision we can. In balancing the pro’s the wisest decision we can. In balancing the pro’s and con’s between the VCC and 199 Street sites, and con’s between the VCC and 199 Street sites, Elder Board is favorable towards submitting an Elder Board is favorable towards submitting an unconditional bidunconditional bid. .

Conclusion continuedConclusion continued:: We do not know how God will lead—We do not know how God will lead—

whether it will be VCC or 199 St—but we whether it will be VCC or 199 St—but we are certain of this: are certain of this: ECAC is committed in ECAC is committed in prayer to ask God to clearly open or close prayer to ask God to clearly open or close doors according to His willdoors according to His will.  We are .  We are committed to submitting to God’s plans.committed to submitting to God’s plans.

In the midst of complex emotions that may In the midst of complex emotions that may arise in a vote, we are committed to arise in a vote, we are committed to Building TOGETHERBuilding TOGETHER, and the greater , and the greater journey of learning unity and how to care journey of learning unity and how to care for each other as four congregations, three for each other as four congregations, three languages, and one church—for the glory languages, and one church—for the glory of Christ. of Christ.

End of PresentationEnd of Presentation

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