Subject: FW: Board Approval - OPW
From: Julie Feldpausch <[email-masked]>
To: Duane Feldpausch <[email-masked]>, Terry Hart <[email-masked]>, Larry & Mary Ford <[email-masked]>, "[email-masked]'" <[email-masked]>, Mike & Celeste Bishop <[email-masked]>, Jacob Sabins <[email-masked]>, "John & Robin Jared ([email-masked])" <[email-masked]>, Vance & Kathy Saunders <[email-masked]>
Date: Fri, 24 Apr 2015 15:21:31 +0000

Gentlemen:

Another property sale for your approval.  If you have any questions regarding this, contact Pastor Scott at 319.5770.  Otherwise, please send your yea/nay vote to me as soon as possible.

Thank you.  Have a great week-end!

From: Scott Thompson
Sent: Friday, April 24, 2015 11:11 AM
To: Julie Feldpausch
Subject: Board Approval - OPW

Julie,

Can you poll the board for approval to sell the remaining Office Park West buildings the church owns?

Here are some of the details:

*         Pastor Kevin fully supports the acceptance of this offer.

*         The offer is $1.48 million.

*         This results in a $40 per square foot price.

*         After paying off the loan and recouping cash we have invested in the property, we will net just under $350,000.

*         Pastor Kevin wants these funds to be placed in the church's reserve account instead of being used for tithes (department funds) or Hope Now.

*         Kevin asked me my opinion about the funds being placed in the church's reserve account, and I fully support this.

Additional items:

*         The buyer is very interested and wants to move quickly.

*         If we accept the offer, the purchaser still has the opportunity to review lease agreements and perform building inspections.

*         The purchase is contingent upon the buyer's satisfaction after reviewing these item.

*         We should know by May 31st of any contingency concerns.

Please let me know if you have any questions.

  - Scott

Scott Thompson
Executive Team Minister
[email-masked]<mailto:[email-masked]>
517.319.5733
mounthopechurch.org<http://www.mounthopechurch.org/>

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