A L L C H U R C H I N F O R M AT I O N M E E T I N G

I N T R O D U C T I O NRick Cole

M E E T I N G O B J E C T I V E S• Parsonage asset importance • Parsonage Task Force formation + findings • Church committees participation + input • Provide financial assessment • Future: Plans, Processes, Protocols

• Parsonage Task Force - Doug Malmquist • Current Parsonage Review - John Ring + Mark Thomas • Pastor’s Perspective - Pastor Claire + Dave Armstrong • Prospective Parsonage - Mark Stucky + Rick Cole • Financial Assessment - Rich James + John Ebright • Q & A Period - Committees • Next Steps and Closing - Rick Cole

M E E T I N G A G E N D A

PA R S O N A G E TA S K F O R C E

Doug Malmquist

PA R S O N A G E TA S K F O R C E T I M E L I N E

Late Summer 2016 Fall 2016 December 2016/January 2017 February 2017 March 2017

PA R S O N A G E TA S K F O R C E T I M E L I N E

Late Summer 2016 • Parsonage Task Force created • Members include: Barbara Gibbs, Mark Thomas

(Trustees), Tim Keeling (SPR), Doug Malmquist (Finance)

• Mission of the Task Force: Create and recommend a long term plan for the Father Dyer parsonage

Fall 2016 • The task force met several times to develop and

investigate alternatives for the present Father Dyer parsonage. Four possible options were agreed upon by the members:

Possible options: 1) Continue to operate the current parsonage with

continued investment. 2) Renovate the current parsonage including an

addition to the home. 3) Tear down the current home and reconstruct on the

same site. 4) Sell the current parsonage and acquire a home in

Breckenridge.

C U R R E N T M I N I M U M S TA N D A R D S - Convenient location to church - Average family home - Conducive to good living - Privacy for the pastor + family - 3 bedrooms - 1 3/4 bathrooms - Living Room - Adequate kitchen + laundry room - One car garage - Average (or above average) storage space - Landscape planned by landscape architect (if possible) - All permanent planting the responsibility of the church - Desirable when possible: family room or rec room, Pastor study, outdoor patio area

• The task force toured our current parsonage and developed a list of necessary repairs/improvements which would keep the parsonage within standards set by our United Methodist Conference.

December 2016/January 2017 • Barbara Gibbs met with an architect to discuss cost

projections and timelines under options 2 + 3. • Barbara Gibbs toured our parsonage with 7 realtors in

order to obtain opinions with regard to selling our parsonage under option 4.

• The task force met to refine cost estimates under each option.

• Two Breckenridge “for sale” lots were visited by the Task Force.

February 2017 • The Task Force met to develop a final

recommendation. • Taking into consideration all financial data, the Task

Force unanimously agreed to recommend selling the current parsonage and purchase an appropriate home in the Town of Breckenridge.

March 2017 • Members of the Task Force met with Chairs of the

Administrative Council, Finance, SPR, Board of Trustee Committees and Treasurer, to present the final Task Force report and recommendation.

November 2017 • Pastor Claire notifies the Parsonage Task Force of her

family’s willingness to move should it be in the best interest of our church.

• Barbara Gibbs checks on availability of “Target” house.

• Barbara Gibbs and Pastor Claire tour the Target house.

December 2017 • The Task Force toured the home and decided to

update the financial projections to include information related to the “target” property.

• Updated information was shared with all Father Dyer Committee Chairs and Treasurer.

C U R R E N T PA R S O N A G E R E V I E W

John Ring + Mark Thomas

C U R R E N T O U T S I D E P I C T U R E

218 Morningstar Drive Breckenridge, CO 80424

• Parsonage sits on .78 acres at 218 Morningstar Drive • 1963 - Home is built (no records) - Town of Breckenridge

had no building dept. • 1970 - Re-roof of structure • 1976 - FDUMC gains possession • 1976 - First documented remodel application filed for in

Oct. (issued March 1980) • 1993 - Second remodel application filed for (issued

February, 1994) • 2016 - Storage shed is permitted and placed in back yard • Current Punch List - adjust door hinges, small drywall

repairs/paint issues, carpet (2nd floor) needs to be replaced, exterior stain touch up

• Safety concerns: egress (windows, hallways, etc), electrical, multiple mechanical issues

H I S T O R Y O F PA R S O N A G E E X P E N S E S

Mark Thomas

H I S T O R Y O F PA R S O N A G E E X P E N S E S

2 0 0 9 - 2 0 1 7R E PA I R +

M A I N T E N A N C EC A P I TA L T O TA L

T O TA L ( $ ) 2 9 , 3 7 2 1 2 4 , 5 0 5 1 5 3 , 8 7 7

Y E A R LY AV E R A G E

( $ )3 , 2 6 4 1 3 , 8 3 4 1 7 , 0 9 8

PA S T O R ’ S P E R S P E C T I V E

Pastor Claire + Dave Armstrong

• Structural issues continue to create a financial problem • Outdated in major capital expenditures in years to come

(windows, kitchen, etc) • Smaller lot for the church is a long term benefit • Newer structure with more diverse room make-up (study,

main level bedroom)

P R O S P E C T I V E PA R S O N A G EMark Stucky + Rick Cole

27 Sheppard Circle Breckenridge, CO 80424

PA R S O N A G E C O M PA R I S O N

D I F F E R E N C E P R O P O S E D

( S H E P PA R D C I R C L E )C U R R E N T

H O M E S I Z E ( S Q . F T )

+ 6 7 9 2 , 9 5 9 2 , 2 8 0

P R I C E / C O S T ( $ ) 2 4 5 , 0 0 0 1 , 0 9 5 , 0 0 0 8 5 0 , 0 0 0

P R I C E / C O S T / S Q . F T. ( $ ) 3 7 0 N / A

L O T S I Z E ( A C R E A G E )

- 0 . 5 8 0 . 2 0 0 . 7 8

Y E A R B U I LT 5 0 Y R S N E W E R 2 0 1 3 1 9 6 3

D I S TA N C E F R O M F D U M C 0 . 9 1 . 4 0 . 5

B E D R O O M S3

+ S T U D Y4

B AT H R O O M S + 1 4 3

D I F F E R E N C E P R O P O S E D

( S H E P PA R D C I R C L E )C U R R E N T

H E AT I N G S Y S T E M I N - F L O O R R A D I A N T B A S E B O A R D

F I R E P L A C E ( G A S )

1 1

C E I L I N G S ( H E I G H T ) 9 ’ C AT H E D R A L VA R I O U S

F L O O R I N GE N G . W O O D ,

C A R P E T, T I L E , C O N C R E T E

C A R P E T

C O U N T E R SG R A N I T E T I L E ,

F O R M I C AT I L E , F O R M I C A

S T U D Y / P R I VAT E O F F I C E

Y E S N O

G A R A G E ( C A R S )2 + , D O G D O O R T O

YA R D2

D O G R U NW O O D F E N C I N G /

G R AV E LW I R E F E N C I N G /

G R A S S

F I N A N C I A L A S S E S S M E N T

Rich James

`Tear Down/Rebuild

$883,750 Renovate $329,100

Sell and Buy $247,950

Available Cash Parsonage Accrual Fund $109,900

Church Accrual Fund $144,300

Total $254,200Available Cash

F I N A N C I N G O P T I O N S

Sale Price Of Old Parsonage

$850K $900K $950K

Financing Needed To Purschase

296,450 247,950 199,450

Financing Options:

Member Donations

Father Dyer Cash

75K

221,450

75K 172,950

75K 124,250

Total 296,450 247,950 199,450

N E X T S T E P S + C L O S I N G

Rick Cole

• All Church Conference Vote to Approve or Disapprove • Subject to Approval: List Current Parsonage For Sale • Prepare Parsonage For Sale • Determine Extent Of Financing Necessary + Method

Required • Create a Plan For Parsonage Relocation + New

Parsonage Needs • Address The Various Processes Of Selling A Property • Meet Contract Timetables + Deadlines Of Contract

Agreements • Relocate Parsonage + Family (July2018)

PA R S O N A G E N E X T S T E P S + C L O S I N G