FIRST PLYMOUTH CONGREGATIONAL CHURCH Final Report on the Capital Improvement Feasibility and Assessment Study. This Report is Presented by the FPCC Building Committee. The FPCC Building Committee Members Clayton ColeBuilding Committee Chair George AnastosSenior Minister
The FPCC Building Committee Members
Clayton ColeBuilding Committee Chair
George AnastosSenior Minister
Rhonda WilliamsonDirector of Administration
Randy NicholasChurch Moderator
Denise BrownChurch Vice Moderator
Ken SawyerChair, Business Administration Team
Don ZellerMember, Business Administration Team
Noelle CochranMember, Church Council
John FalconettiMember Church Council, Choir Member
Review of the 2011 analysis of what it would take to move out of our present location
The Initial Recommendation of the Capital Plan Ad Hoc Committee (CPAHC)
Summary of the Fransen-Pittman Team Assessment
Vote on Remaining at our Present Location (Moderator)
The CPAHC requested and received a professional opinion of the current value of the Church property, the most likely selling price, as well as cost estimates to renovate an existing building or build from the ground up.
This information was provided by Development Advisors to FPCC through a Broker’s Price Opinion (BPO) and information on Development Advisor’s web site.
The property value opinion WAS NOT A REAL ESTATE APPRIASAL but a realistic opinion of the fair market value of the property based on recent church property sales ,and the price our property will most likely yield should a decision to sell be agreed on.
Development Advisors believes the FPCC property has the potential to sell for $85/SF to $92/SF which equates to $5.07 M to $5.49 M based on our building size of 59,696 SF.
About Development Advisors
Development Advisors, LLC is a Denver-based specialized real estate firm providing customized services for the specific client groups including churches, schools, and other specialized areas. Development Advisors operates in Colorado and the Western US.
Assumptions About Price Estimation for Relocation
It is assumed that the current mission of the Church will be maintained. For our current facility (59,696 SF) it is estimated that 90% of the building is used at any given time (includes Church activities, the learning center, as well as space leased to other organizations).
This equates to a building foot print of 53,726 SF would be needed to continue the current mission and activities of our Church. Given that the same seating capacity will be maintained, the new location would also need to accommodate at a minimum one (1) parking space for each 2 seats (based on a 600-seat capacity sanctuary) on a site of 4.5 to 4.8 acres.
Facility Size:53,726 SF (if moving)
Land Area Required to Build:4.5 – 4.8 Acres
Our Current Facility Selling Price:$5.07 M - $5.49 M
Estimated Time to Sell:1.6 Years
To get a total estimate, add costs for the pipe organ to the costs to relocate
In 2011, general estimates indicated a need for $3.5 million
Critical Projects$ 305,000
Code Required upgrades$ 25,000
Preventative Maintenance$ 358,000
Fulfill Church Mission$1,249,000
Operational and Environmental savings$1,080,000
Aesthetic improvements$ 94,000
Non-critical improvements$ 115,000
Given the expenses related to relocating to an existing facility and especially with building a new facility from the ground up, the CPAHC strongly recommends that we stay in our current location.
Randy Nicholas, Church Moderator entertains the following motion:
Based on research conducted by the CPAHC and independent professionals, the membership of the First Plymouth Congregational Church, UCC directs that Church leaders not consider relocating from the present location and facility in any further discussion of its long range plans and commit to operating and maintaining the current facility at 3501 S. Colorado Blvd.