TriCity Baptist Church

1
Tri-City Baptist Church

• She hath done what she could
• - Mark 148a

Exalt, Edify, Evangelize
2
Overview

• Purpose Our vision statement says that our
  purpose is . . .assisting our members and other
  fundamental churches in fulfilling the great
  commission.
• Why moving? We are not able to grow and expand
  the vision that God has for us on this property
  God has miraculously provided a new location
  where this vision can be accomplished.
• Why meeting? To provide updates to everyone
  regarding the relocation status.

Exalt, Edify, Evangelize
3
Overview (Continued)

• Process Sell current property to buy and
  develop new property
• Identify current sale status
• Review current ministry asset
• Review current cost estimate and increase
• Understand members roles and responsibilities
  with move
• Review buying and borrowing options
• Payoff Fulfill the strategic implications of
  the mission statement (exalt, edify, evangelize)
• Cost savings
• Ministry enlargement
• Witnessing opportunities

4
Purpose
5
Vision and Mission Statement

• Vision (Why We Exist) . . .Assisting our
  members and other fundamental churches in
  fulfilling the great commission.
• Mission (What We Will Do) - Exalt the Triune God,
  Edify believers, and Evangelize the world.

Exalt, Edify, Evangelize
6
Relocation Fulfills our Vision and Mission

• We are unable to expand this vision and mission
  on this property.
• God has miraculously provided a new location
  where this vision can be accomplished.

Exalt, Edify, Evangelize
7
Home Visits

• Home visits
• Purpose to inform and elicit questions and
  comments in a comfortable environment.
• Status nearly every family in the church has
  been contacted by a deacon team or the pastors to
  discuss and answer questions concerning the
  relocation.
• Issues of Home visits
• Many will be addressed today.
• Participation and spirit has been wonderful!

Exalt, Edify, Evangelize
8
Process
9
Current Sale Status

• A large local charter school is extremely
  interested in purchasing and being compatible
  owners with a church.
• Two churches are currently in negotiation.

Exalt, Edify, Evangelize
10
Current Ministry Assets

• College
• 350,000 (equity)
• 130,000 (stocks)
• 375,000 (cash)
• Total - 855,000

• Church
• 6.6 million (equity)
• 275,000 (cash)
• Total - 6.875 million

Ministry Total - 7,730,000
Exalt, Edify, Evangelize
All above numbers represent estimated figures.
11
Current Cost Estimate and Increase

• Church
• 2.1 million (land)
• 6.4 million (church building)
• 1.2 million (infrastructure cost)
• 200,000 (maintenance building)
• 253,000 (impact fees and widening of road)
• Total - 10.2 million

• College
• 1.2 million (dorm)
• 1.9 million (academic building)
• Total - 3.1 million

Ministry Total - 13.3 million
All above numbers represent estimated
figures. Based on 15 gifts in-kind.
Exalt, Edify, Evangelize
12
Increased Cost

• Unanticipated Costs - 1,653,000
• (see breakdown below)
• Dorm in first phase (1.2 million)
• Impact and road fees (253,000)
• Maintenance building (200,000)

Additional 1,653,00 from original cost quoted
in 1/03. Still in negotiations.
Exalt, Edify, Evangelize
13
Each Members Part

• Pray and fast specifically
• Give consistently
• Limit luxuries to avoid debt
• Involve entire family in sacrifice
• Identify friends/family interested in helping
• Be willing to volunteer on work days

• Examples of types of gifts
• 8 gifts _at_ 100,000 800,000
• 6 gifts _at_ 75,000 450,000
• 13 gifts _at_ 50,000 650,000
• 21 gifts _at_ 25,000 625,000
• 50 gifts _at_ 10,000 500,000
• 50 gifts _at_ 5,000 250,000
• 50 gifts _at_ 1,500 75,000
• Total 3,350,000

What could God enable you to give? With men
this is impossible but with God all things are
possible. Matthew 1926b
Both the college and the mission board are
responsible to raise a portion of this need.
Exalt, Edify, Evangelize
14
Buying and Borrowing Options

• Status
• On December 8th, we will become the proud owners
  of 14 acres in Chandler.
• Cost is approximately 2.1 million and we have
  already paid 75,000 in down payment.
• Last year, we voted to purchase this land and
  incur debt if we were not able to raise the full
  2 million in one year.
• In our contract with Lines family, they agreed
  that we could hold the land for one year with a
  75,000 down payment and incur no interest during
  2003.

Exalt, Edify, Evangelize
15
Buying and Borrowing Options

• Two Borrowing Options for the Land
• Option 1 Pay the Lines family - At the end of
  the year, pay 8 interest-only for 2004, 9
  interest-only for 2005, and 10 interest-only for
  2006.
• Option 2 Bank of America has offered us a 3
  million line of credit at a one-year fixed rate
  of 4. Depending upon the offerings over the next
  few weeks, we will likely be borrowing 1 million
  to 1.3 million. This means our interest payment
  on rapidly appreciating land will be about
  1,000/week.

16
Payoff
17
Cost Savings at New Location

• Maintenance
• 70,000/yr (We currently spend approximately
  90,000/yr)
• Savings - 1,346.15/wk
• College Gift Matching
• 30,000/yr
• 576.92/wk
• Total 1,923.07/wk

Exalt, Edify, Evangelize
18
Additional Revenue Stream

• Dorm 10 additional dorm students creates a
  100,000 increase in college cash flow.
• Financial goal for college removal from its
  subsidy by TBC.
• Even accounting for an increase in a staff member
  and upkeep expenses for new students, TBC could
  lower its financial commitment to IBC by
  52,000/yr or 1,000/wk.

19
Long-term, Strategic Costs

• 13,300,000 (Totally completed property cost)
• 7,730,000 (Current cash and equity position of
  TBC ministries)
• 5,570,000 - Needed 3,350,000
  (Building fund over next 3 years)
• 2,220,000 (Long-term borrowing total)

• Bank of America Option
• Borrowing 2,000,000 at 6 for 20 years
• Total - 3,332.24/wk 2,923.07 (Cost
  savings and
• 
  conservative new revenue)
• 407.17/wk (Need additional for
  weekly
• budget)

Some of these dollars can be saved by not
finishing every room in every building.
20
Return on Investment
Both TCA IBC Graduates Mike Elma Sproul Dave
Heather Smith Rob Sandy Krause Joel
Tetreau Bethany Woods Tanya Delo Scott Olson Chip
Rhonda Van Emmerick Carrie Davies Tricia
Wells Sheri Hathaway Dan Warf
IBC Graduates Mike Redick Mike Mestler Solomon
Raju Shawn Clapp Jana Conn Jason Wermager Nathan
Mestler Steve Davies Mike Dutton Jay Power
TCA Graduates Todd Sullivan Richard Lampron Chad
Hayhurst Paul Brown Nathan Tiffani
Sproul Michael Borton Troy Hathaway Mona
Hathaway Becky Warf Brian Becky Anderson Bob
Edington Debbie Dutton Tiffany Power Matt Mostrom
Exalt, Edify, Evangelize
21
Witnessing Opportunities

• Maricopa County grows by 100,000 new moves every
  year.
• 130 homes are finished every day in Maricopa
  County.
• The inhabited parts of Maricopa County are larger
  than seven Eastern states, including
  Massachusetts.
• The population of Maricopa County is larger than
  21 states, including Kansas.
• Gilbert and Chandler are the number one and
  number four, respectively fastest growing cities
  in America larger than 100,000.

Attempt great things for God, expect great
things from God. William Carey
Exalt, Edify, Evangelize
22
Leader's Challenge
23
Leaders Challenge

• I Chronicles 29 19
• Furthermore David the king said unto all the
  congregation, Solomon my son, whom alone God hath
  chosen, is yet young and tender, and the work is
  great for the palace is not for man, but for the
  Lord God.
• Now I have prepared with all my might for the
  house of my God the gold for things to be made of
  gold, and the silver for things of silver, and
  the brass for things of brass, the iron for
  things of iron, and wood for things of wood onyx
  stones, and stones to be set, glistering stones,
  and of divers colours, and all manner of precious
  stones, and marble stones in abundance.
• Moreover, because I have set my affection to the
  house of my God, I have of mine own proper good,
  of gold and silver, which I have given to the
  house of my God, over and above all that I have
  prepared for the holy house, Even three thousand
  talents of gold, of the gold of Ophir, and seven
  thousand talents of refined silver, to overlay
  the walls of the houses withal

24
Leaders Challenge

• I Chronicles 29 19 (Continued)
• The gold for things of gold, and the silver for
  things of silver, and for all manner of work to
  be made by the hands of artificers. And who then
  is willing to consecrate his service this day
  unto the Lord?
• Then the chief of the fathers and princes of the
  tribes of Israel, and the captains of thousands
  and of hundreds, with the rulers of the kings
  work, offered willingly,
• And gave for the service of the house of God of
  gold five thousand talents and ten thousand
  drams, and of silver ten thousand talents, and of
  brass eighteen thousand talents, and one hundred
  thousand talents of iron.
• And they with whom precious stones were found
  gave them to the treasure of the house of the
  Lord,by the hand of Jehiel the Gershonite.
• Then the people rejoiced for that they offered
  willingly, because with perfect heart they
  offered willingly to the Lord and David the king
  also rejoiced with great joy.

25
(No Transcript)
26
(No Transcript)
27
Tri-City Baptist Church

• She hath done what she could
• - Mark 148a

Exalt, Edify, Evangelize