Saturday, March 27, 2010

Moving Forward

By God's grace and provision we are moving forward with the acquisition of 2607 5th St.! Today, Sat 3/27, the Session executed a purchase agreement for $275,000 with Edge Real Estate. This is a very exciting time in the life of our church. Less than 2 years ago, this property was selling for over $500,000. Land in Castle Rock is expensive, and its difficult to find acreage zoned for church use. The average selling price per square foot is between $6 and $18. The price we are paying is $3 per square foot, and we are also getting 2 buildings with 4,500 of space.

The next few weeks and months will be very busy; we have an extensive list of things to do over the next 10 days during the inspection period, in addition to other items to complete before closing (which should probably be towards the end of April or early May). In addition, there are things we have to do in conjunction with the Town to receive our Certificate of Occupancy. If all goes smoothly, we could occupy the property sometime in July.

Please be in prayer for a smooth acquisition process. Above all pray that God's kingdom would be built and He would be glorified in and among us. May this property facilitate the continued spread of the Gospel in our community, and the building up of disciples to know, love and glorify Christ.

We will continue to provide updates on this site in addition to other methods of communication in regards to this process.

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