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Topics. Property Location Looking back Building Journey of faith Commitment of board Short escrow Moving forward Involvement of Congregation Q&A Meetings Commitment. Property considered – 10521 Pico Blvd. 9,240 square feet Single story Listed: July 10, 2008. Bowling Alley

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  1. Topics • Property • Location • Looking back • Building • Journey of faith • Commitment of board • Short escrow • Moving forward • Involvement of Congregation • Q&A Meetings • Commitment

  2. Property considered – 10521 Pico Blvd. • 9,240 square feet • Single story • Listed: July 10, 2008 • Bowling Alley • Billiard Parlor – 1963 • Dance Studio – 1971 • Place of Worship – 2009 2.5 miles from the United Methodist Church

  3. Looking back Property listed July 10, 2008 Offer submitted Oct 21, 2008 Price reduced May 10, 2009 Verbal Offer accepted June 5, 2009 Offer rejected Dec 16, 2008 2008 2009 Jun Aug Oct Dec Feb Apr Jun Aug Other properties: 2930 Westwood 2920 Sepulveda 10825 Washington Meeting with City Manager Nov 20, 2008 No less than a miracle; Beginning of the journey of Faith Drive-By discovery

  4. Building Back Entrance – Alley Room 5 Stage Office 3 Room 4 Room 3 Bath-room Room 2 Office 2 Kitchen Room 1 Office 1 Main Entrance – Pico Blvd

  5. Journey of Faith • Commitment of the CBC Board • Preliminary contact with seller – May 13, 2009 • Seller showed no interest of our verbal offer – May 29, 2009 • Seller notified CBC their existing offer - June 1, 2009 • Emergency board meeting called – June 2, 2009 • Written offer submitted – June 3, 2009 • Seller notified CBC need proof of funds – June 4, 2009 • Second board meeting called – Six board members committed their personal financial statements to support the request • Seller verbally accepted the offer • Seller sent new purchase contract – June 5, 2009

  6. CBC Financial AssetAs of March 31, 2009 We need $1,000,000 minimum to walk this journey

  7. Moving Forward Property listed July 10, 2008 Offer submitted Oct 21, 2008 Price reduced May 10, 2009 Verbal Offer accepted June 5, 2009 Escrow Open June 9, 2009 Offer rejected Dec 16, 2008 2008 2009 Jun Aug Oct Dec Feb Apr Jun Aug Other properties: 2930 Westwood 2920 Sepulveda 10825 Washington Meeting with City Manager Nov 20, 2008 Escrow Close July 15, 2009 Contingency expire June 30, 2009 Drive-By discovery It is a new beginning

  8. The Next Three Weeks • Announcement to Congregation – June 7, 2009 • Deposit - $100,000 to escrow • Purchase Contract Signed – June 9, 2009 • Q&A meetings – June 10, 12, and 13, 2009 (tentative) • Building Pledge – June 14 – 28, 2009 • Commitment by Congregation – June 28, 2009 • Contingency Expired – June 30, 2009 Details will be announced next Sunday

  9. Our Next Chapter • Funds Collected – July 13, 2009 • Escrow Close – July 15, 2009 • Renovation • Ready to Move

  10. Three “P” Spirit • Prayer • Participation • Practice It’s our church; it’s a new beginning; it’s a journey of faith

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