On Sunday, February 26th, the congregation met and made the following decisions regarding the redevelopment:
1) The mandate for Vision 421 was amended to remove the requirement that the 50% of the housing be offered at 15% below market value. This change was made in recognition of the fact that our current proposed unit sizes and market values will ensure that the housing is affordable, even to folks with a modest income. Given that it is not a necessary requirement for construction financing, it was prudent to remove the restriction from the mandate to give the widest latitude possible for the housing.
2) The congregation voted to allow Vision 421 to subdivide and sell up to 3 one-hectare lots atCampGrafton. The proposal generated a great deal of discussion and ultimately, the motion was passed. As a result of this decision, Vision 421 will continue to work towards the possible sale of a portion of Grafton as one means of meeting our costs in the redevelopment. It is not expected that a sale of property will occur immediately as a great deal of work would first need to be completed, not only with the subdivision but in partnership with the Camp Grafton Society.
3) The congregation has voted to permit Vision 421 to utilize up to $100,000 of the undesignated Chrysalis reserve funds as security for financing. These monies would be held and only utilized in the (unlikely) event that the church was to default on the financing needed for the redevelopment.
These decisions have provided Vision 421 with the necessary direction to continue to work on behalf of the congregation in bringing the redevelopment to fruition. As always, if you have any questions about any matter relating to the redevelopment, please do not hesitate to contact any member of Vision 421: Ron Routledge, Jennifer Keim, Mary Ann Milobar, Don Waldon, Rose Soneff and Ray Sewell.