Capital Improvement Plan 2009

Goal

To familiarize the congregation with the joint recommendations from the Deacons, Finance Committee and Ministerial staff of Union Baptist Church.

Recommendations

1.  To purchase the 1 acre property located at 6633 Washington Pike (located next door to the church property, on the west side) at a cost of $85,000. (completed)

Usage: New food pantry ministry, additional ministry/classroom space, future parking expansion

2.  To purchase a new video switcher and cameras for the Media Ministry at a cost of $17,000. (completed)

3.  To replace the deteriorating roof on all gabled buildings at a cost of $30,000.

4.  To repair and reseal the parking lot at a cost of $9,000. (completed)

5.  To build a new picnic pavilion and enclose the existing structure for storage at a cost of $7,000.*

* Potential usage: A place for community outreach events, congregational fellowship and increased storage space

6.  To purchase and install new playground equipment at a cost of $4,000.

7.  To sell the 1 acre lot located at 6621 Washington Pike at a price of $25,000. 

8.  To pay legal fees associated with:
     - Closure of Knox County Right of Way
     - Combine property deeds for tax exemption purposes
     - Acquiring the property at 6633 Washington Pike, deed transfer for lot at 6621 Washington Pike

Cost Breakdown

Total Cost for all 8 recommendations = $157,000

Funded Amounts

Sale of 1 acre property at 6621 Washington Pike = $25,000
Roof fund total = $7,500
Pavilion fund total = $5,000
Total Funded Amount = $37,500

Necessary Loan Amount

Total Amount = $119,500

Questions? Contact us.