Tri-City Baptist

Church
She hath done what she
could
- Mark 14:8a
Exalt, Edify, Evangelize

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

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
Payof Fulfill the strategic implications of the mission
statement (exalt, edify, evangelize)
Cost savings
Ministry enlargement
Witnessing opportunities

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

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

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

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

Current Ministry Assets

Church

$6.6 million (equity)

$275,000 (cash)

College

$350,000 (equity)
$130,000 (stocks)
$375,000 (cash)

Total - $6.875 million

Total - $855,000

Ministry Total - $7,730,000

All above numbers represent estimated figures.

Exalt, Edify, Evangelize

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)

College

$1.2 million (dorm)*

$1.9 million (academic
building)*

Total - $3.1 million

Total - $10.2 million

Ministry Total - $13.3 million

All above numbers represent estimated figures.
*Based on 15% gifts in-kind.

Exalt, Edify, Evangelize

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

Each Members Part

Pray and fast specifically Examples of types of gifts:

8 gifts @ $100,000 = $800,000

Give consistently

6 gifts @ $ 75,000 = $450,000

Limit luxuries to avoid
13 gifts @ $ 50,000 = $650,000
debt
21 gifts @ $ 25,000 = $625,000
Involve entire family in
50 gifts @ $ 10,000 = $500,000
sacrifice
50 gifts @ $ 5,000 = $250,000
50 gifts @ $ 1,500 = $ 75,000
Identify friends/family
interested in helping
Total = $3,350,000*
Be willing to volunteer
What could God enable you to give?
on work days

men this is impossible; but with God all things are possible. Matthew
*Both the college and the mission board are
responsible to raise a portion of this need.

Exalt, Edify, Evangelize

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

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% interestonly 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.

Cost Savings at New Location

Maintenance

$70,000/yr (We currently spend

approximately $90,000/yr)

College Gift Matching

Savings - $1,346.15/wk
$30,000/yr
$576.92/wk

Total 1,923.07/wk
Exalt, Edify, Evangelize

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.

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.

Return on Investment
TCA
Graduates

IBC Graduates
Mike Redick

Both TCA &

IBC Graduates

Todd Sullivan

Mike Mestler

Mike & Elma Sproul

Richard Lampron

Solomon Raju

Dave & Heather Smith

Chad Hayhurst

Shawn Clapp

Rob & Sandy Krause

Paul Brown

Jana Conn

Joel Tetreau

Nathan & Tiffani Sproul

Jason Wermager

Bethany Woods

Michael Borton

Nathan Mestler

Tanya Delo

Troy Hathaway

Steve Davies

Scott Olson

Mona Hathaway

Mike Dutton

Becky Warf

Jay Power

Chip & Rhonda Van

Emmerick

Brian & Becky Anderson

Bob Edington
Debbie Dutton
Tiffany Power

Carrie Davies
Tricia Wells
Sheri Hathaway
Dan Warf

Matt Mostrom

Exalt, Edify, Evangelize

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
Attempt great things for God, expect great things
larger
than 100,000.
from God. William Carey
Exalt, Edify, Evangelize

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 afection 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:

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.

Tri-City Baptist
Church
She hath done what she
could
- Mark 14:8a
Exalt, Edify, Evangelize