Status of the Kalmia UCV Permanent Site of Interest

• 4,200 SF

• Turnkey Built-out Purchase

• Sanctuary seats 100

• Sanctuary extension seats add’l 2x30

• 2 Multi-Purpose Rooms (seats 15 each)

• 2 Storage Rooms

• 3-4 Restrooms

• Pastor Office

• Admin Office

• Fellowship Lobby

• Ample Parking

• Condo-ized Basis

• UCV to hold Condo Title

Details of the Purchase of Interest

Breakdown of the Money

• $1.4m Sale of Clinton Keith

• Less $84k Commission

• Less $26k Due on Mortgage

• $1.29m Net for Purchase and Furnishings
  
  
• Less $1.1m Purchase Kalmia Property (for cash, no residual mortgage)

• Nets $190k to furnish and set up Kalmia Site (Furniture, AV ,Tables, Etc.)

• Actual Cost to Furnish Must be Estimated during UCV 60 Day Due Diligence

• $1200/mo Ongoing Common Costs, plus HVAC (est $500-700/mo)

• 7/25 Deadline to Decide or Cancel Purchase Agreement

Opportinity Costs

• $8k/yr City Easement Rent - lost
  
• Greer Nursery Rent $500-1000/mo - lost (though currently $0)
  
• Current Monthly Rental for Shivela & TCH is $2200 - gained
  

Q&A