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Pushti Sangeet Sandhya Announcement “Shreemaya Krishnadham”

Pushti Sangeet Sandhya Announcement “Shreemaya Krishnadham”. August 11 th , 2007. With Grace of Lord Krishna ShrinathjiBawa, Blessing of our Acharyas And Support of Vaishnavs. BAYVP Proudly Announces…. Announcement. ... Signed Contract to Purchase Existing BAPS (Corning Ave) Temple

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Pushti Sangeet Sandhya Announcement “Shreemaya Krishnadham”

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  1. Pushti Sangeet SandhyaAnnouncement“Shreemaya Krishnadham” August 11th, 2007

  2. With Grace of Lord Krishna ShrinathjiBawa, Blessing of our Acharyas And Support of Vaishnavs BAYVP Proudly Announces… Announcement

  3. ... Signed Contract to Purchase Existing BAPS (Corning Ave) Temple In In Milpitas By October 31st, 2007 Announcement

  4. First Vaishnav Haveli & Cultural Center on the West Coast !! We should take pride ….

  5. New Development….. • BAPS approached BAYVP in March 2007 as a follow up to our letter of Interest. • This opened a channel of communication between BAYVP and BAPS • BAPS revealed property was appraised at 5.5 million in 2006. • BAYVP felt that it was an opportunity that can be considered at that point. • Series of informal meetings between key members of BAYVP and BAPS. • BAYVP signed a letter of intent after some initial consultations to acquire the property for $5.175 million

  6. Thought Process ….. • Consulted Key Individuals • Pujya Indirabetiji (Jiji) and Pujya Dwarkeshbawa (Baroda) and discussed the opportunity with them. • Our architects • BAYVP Executive Committee members • Advisers - Structural engineers etc. • Building and Fund raising committees. • Donors at Special Donors Meeting

  7. Thought process…. • Affordability – How will we ? • Purchase price - $5.175 million • Proposed down payment $ 2.0 million • Sell Mountain View property • Based on discussion with real estate experts; the property can be sold conservatively at $2.5 million. • We will get $1.0 million that can be used towards a down payment. • Use existing funds/Pledges to collect • $400,000 • Collect additional $600,000 in CASH donations • Loan • Estimated amount - $3.2 million • BAPS has offered to introduce us to their financers and contacts.

  8. Comparison

  9. Comparison (contd..)

  10. Current Status ….. • Purchase contract signed on Thursday July 19, 2007 • Contingencies on the contract • Approval of CUP • Loan approvals • Sale of the Mountain View property • October 31st closing.

  11. Next steps/challenges • Collect $1 million by October 31st 2007 • Fund raising campaign with the help of entire Gujarati and Vaishnav community throughout Northern California and rest of country • Selling of Mountain View facility • Working with lenders for loan.

  12. Annakut celebration at our Haveli !! Shreemaya Krishna dham 3 Months.... $ 1,000,000 Fund Raising Committee EC Members Parivar Donations Today Our Immediate Goal... Oct, 31

  13. $1000 per family X 600 = 600,000 !!! 1 Million is achievable …… • Cash on hand =$200,000 - We Have it ! • Outstanding Pledges = $200,000 – You can do it ! • New Pledges = 600,000 - We all can do it !

  14. Collaboration + ShrijiKripa = Success

  15. Shreemaya Krishnadham Jai Sri Krishna!

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