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UUSM - Newsletters - Monthly Features - January, 2005
Featured Articles - January, 2005
We Sell the 17th St. Property for $1.1 Million with a 15-month Leaseback at
$1 Per Month
After having listed the 17th St. property for sale in October, we closed the
sale of the property on December 14 for a purchase price of $1,100,000. Even
after our first buyer for the property walked away from the deal, there was
a great deal of interest in the property and our broker fielded over 200 calls.
We received several confirmed offers before settling on a final purchase agreement.
The net cash to the church, after paying closing costs and commissions, is expected
to be approximately $1,030,000, although a small portion of that purchase price
is being held in escrow during our lease term. A total of $995,023 was wired
into our bank account on December 14.
The agreement specifically includes a leaseback of the 17th St. property to
the church for 15 months at $1 per month. We might be able to extend the lease
longer (assuming we still need the space) if the developer is not yet ready
to proceed with construction at the end of the 15 months. Based on estimates
from some of the bidders, the value of this lease to the church is approximately
$45,000 (based on a monthly rental rate of $3,000 per month).
I am so pleased that we were able to sell our very valuable asset at such a
good price. As previous newsletter articles have indicated, we paid approximately
$1,250,000 for the 11,000 square foot lot on 18th St. (which is about 3,500
square feet bigger than the 17th St. property), so the result for our 17th St.
property is really excellent. We also did much better than some earlier estimates
of value in the $600,000-$700,000 range. We ultimately sold the 17th St. property
for about $146 per square foot, which is actually higher than the per square
foot cost of the 18th Street property (coming in at $114 per square foot).
My thanks again to Pat McGuire and Warren Mathews for serving on the special
committee that helped review offers and strategize about the property, and for
the support of the board over the last two months. I hope everyone enjoys a
happy and healthy new year.
—Carol Kerr, President
'Covenant Groups — A Healing Community'
This is the title of the article
by Thandeka, published in the January/February 2005 issue of "UUWorld"
She states in the article, “Five years ago, few churches had small group ministry
programs. Recent anecdotal evidence indicates that at least 70 percent of our
churches now have them or are making plans. Small group ministries are revitalizing
the spiritual life of our congregations.”
Thandeka is an Associate Professor of Theology and Culture at Meadville/Lombard
Theological School. She is also Co-President of the Center for Community Values,
a not-forprofit educational institute that serves as a resource center and networking
facilitator for people engaged in covenant group work.
At UUCCSM we launched our program last October with two covenant groups. On
Sunday January 9, at 12:30 p.m., we will offer an introduction to the program
with the objective of forming more groups. The session will begin in the sanctuary
with a short briefing. Participants will then break into small groups of up
to 10 people to allow everyone to participate and experience what takes place
in a typical covenant group gathering. So if you are curious about the possibilities
of this new movement within the UU community, set aside a couple of hours and
join the others after a short lunch in Forbes Hall.
As Thandeka puts it in her article, “As a spiritual practice, small group ministry
focuses on process, not problems. It aims to treat all content of a person’s
life in the same way, as a moment worthy of one’s full undivided attention.
It does not aim to offer advice, guidance and direction, or to resolve personal
problems. It simply stops time so that the full presence of each person is acknowledged
and appreciated in that moment. The idea is not to work on problems. The idea
is to share feelings. Each moment is packed full of joys and sorrows, the victories
and defeats, the thoughts and ideas that make each lived moment of our life
an experience worthy of our time.
“In small group ministry this personal practice of paying attention, of experiencing
stress-free moments with others, is sacred time. Small group ministries are
the practice of sacred time, which is why they are transforming our religious
landscape.”
—Marv Pulliam
Democracy Does Work, Even on Difficult Problems
Well folks, you’ve just had a chance to see a bit of the inner workings of
democracy in action. Last month, I shared with you a proposal that was being
considered to abolish the position of church treasurer. I cited compelling reasons
that had led to the proposal, some of the impediments to implementing it, and
a list of major factors that needed to be considered.
It was the third of those factors, the need for any volunteer position to be
filled by realistically available candidates, that led the discussion to an
unexpected answer. That answer was to strengthen rather than abolish the treasurer
position, but in a way that would not require unrealistic technical financial
competence on the part of the incumbent.
Specifically, the annually elected treasurer would be responsible for monitoring
and taking action relative to performance against budget, and for participating
actively in development of the budget for the following year. The longer-term
Finance Committee would be the primary source of technical financial competence
on an advisory basis, providing technical support to both the treasurer and
the financial accounting functions of the office staff. It would also serve
as financial policy advisor to the board and the congregation.
Democracy does work, by golly, and discussion among intelligent people can
lead to solid solutions to seemingly difficult problems.
—Warren Mathews, Finance Committee Chair
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