Congregational Vote

This Sunday, April 14, All Saints members will be asked to vote to approve the mortgaging of All Saints' property in order to finance construction of the sanctuary project. The PCA Book of Church Order requires a congregational vote in the event of mortgaging property.

There will be a duly called congregational meeting during all three Sunday worship services, in which All Saints members are invited to vote. Worship services will continue as normal, with a brief announcement regarding the vote. A one-page form in the back of the Sunday bulletin will serve as your ballot.

For more information, click here.
If you have any questions about the congregational meeting or the vote to authorize the mortgaging of All Saints' property to secure a loan for the sanctuary project, please let us know prior to Sunday using the form below.
Submit

Purpose:

Chapter 25 of the The Book of Church Order requires that, "In buying, selling, and mortgaging real property such officers shall act solely under the authority of the corporation (i.e. the church's members), granted in a duly constituted meeting of the corporation (i.e. a congregational meeting)." In our case, All Saints is asking its members to authorize the church's leaders to mortgage the church's property as a way to procure a loan for the sanctuary project by voting YES this Sunday. All communing members of All Saints who are present for worship this Sunday are invited to vote; unfortunately, there is no provision for absentee voting.

The purpose of the vote is simply to authorize the act of mortgaging the church's property, which will ultimately allow All Saints to secure a loan to finance the construction of the sanctuary building project. At this stage, the amount and terms of the loan remain yet to be determined, as the project cost will be finalized over the coming months. Our architect is headed into the final weeks of finishing up the Construction Documents, after which our General Contractor can complete its bid/contract process; together, these processes are expected to play out over the balance of the spring and into the summer. Once the final cost for the sanctuary project has been identified, it will then be time for All Saints to negotiate loan terms with a lender. All Saints will be delighted to offer further updates later this year as information becomes available. We look forward to the possibility of breaking ground this fall on the 2-year construction project.

For now, it is necessary to obtain the congregation's authorization to mortgage the church's property -- it's simply the next step in the process to be well positioned to pursue a loan in earnest. Our Session's hope is that we may ultimately be able to proceed with the sanctuary building project with as little as, let's say, $4-5 million in debt -- or perhaps even less, as the Lord continues to draw in additional gifts for this project over the coming years. If you'd like to make a pledge or increase an existing pledge, above and beyond one's usual giving to the All Saints General Fund, your gift is most welcome.

With much gratitude and thanksgiving to the Lord, a heartfelt thank-you to those 420 households at All Saints who together have pledged nearly $25 million towards the sanctuary project. If you're ready to make a gift or set up a recurring gift at this time, now is a great time to do so. The church is currently earning 5% interest on funds given towards the sanctuary project, and will continue earning interest on those funds until they are needed to pay for construction. A gift made at this time will continue to grow and bear fruit until those funds are called for.