Luther Court Proceeds of Sale

The Church Council invites you to attend a discussion on the sale of Luther House and what the church will do with the proceeds from the sale.  
 
After an update with the latest news about the timing of the sale, we will host a discussion about what you think about options for the use of the proceeds.
 
Here are some helpful facts and figures: the church will sell the property to Luther Court for $815,000. Luther Court will make a down payment of $350,000 and will also make monthly mortgage payments to the church in the amount of $3,600 for over 13 years. Our current mortgage with Vancity matures in April of 2025 (good timing) and the balance owing will be about $240,000.  
 
No recommendations or decisions will be made in this meeting, but it is important that we start having this conversation. All comments and ideas are welcome! 

If you are not able to attend in person, we will seek to get your thoughts in other ways.