Finance Committee Seeks Input on Alternative Funding for Building Project
As part of its mission to explore alternative funding support for the Master Facility Plan Renovation and Construction (R&C) effort now underway, the Finance Committee is looking to identify members of the congregation and friends of DPC that desire to participate in a survey to determine interest in DPC for establishing a bond offering. Should we issue bonds for this project, those funds would then allow us to re-pay the bank loan sooner or reduce its size.
The survey contains a number of questions for potential subscribers as to the specific characteristics of the bonds that congregational members might be interested in purchasing, should the Session choose to establish such a bond issue. Questions address such matters as bond coupon rate(s), bond duration(s), bond value(s), importance of secured vs. unsecured bonds, importance of non-callable vs. callable features, etc. Most all of the questions are multiple choice in nature.
The Finance Committee will use the composite information provided by the survey to help gauge Congregational interest and help shape a recommendation to the Session as to whether or not such a bond offering should be made. At this time there is no firm intent on the part of DPC to make any R&C bond offering. Your choosing to complete a survey does not commit you to purchase a bond either. Still, your input will be helpful to the Session in determining if there is interest in our congregation for such an effort. If you and/or your family would be interested in participating in this survey click here to download, or contact the church office and ask to be put on the Bond Survey Mailing List. A survey form can be obtained in either the church office or the church's narthex. Once completed, please return to John Hank, DPC Business Administrator.