|
St. Francis
of
Assisi Built God's Church

...And So Shall
We
231.jpg)
Dear Parishioners and Friends,
Welcome to this part
of our parish website where you can follow the construction progress of our new
church and chapel through the photos posted below. You can also observe the
exceptional financial progress of our Capital Campaign as well as the budget for
the project. Please take a moment to review our financial project information
and observe our project pictures.
As you surely have
noticed, we are rapidly approaching completion of the project, which should be
ready for our dedication Mass in the fall. We are all excited about seeing more
and more of the church and chapel completed. Without a doubt, this is a great
time in the life of our parish.
While our three-year
Capital Campaign successfully continues through the generosity of many
parishioners, it is only the first part or cornerstone of our project financial
plan. During the many presentations made to parishioners about the church
project at the start of this Capital Campaign in the fall of 2010, the Building
Committee and I discussed not only the proposed architectural renderings, but
also the project’s financial plan. As many will remember, Diocesan permission
to begin construction required the parish to have 50 percent of the project’s
planned budget in cash. In order to begin construction as soon as possible, the
parish was allowed to attribute money previously spent on the project, along
with cash on-hand, to meet this “50-percent cash” budget requirement. As a
result of our budget plan, we received permission from the Diocese to begin
construction on 1 December 2011. The remainder of the project cost is covered
by an approved construction loan that will transition to a permanent 15-year
loan upon completion of the church and chapel. The permanent loan is expected to
be between $8.5 and $9 million and, as was done with the loan many years ago for
our multi-purpose building, we plan an early pay off.
This budget plan,
presented on a page below, has been thoroughly reviewed and approved by the
parish Finance Council, the Diocese and our lending bank. If you have not yet
done so, please take a moment to look at our budget.
Thanks to the
generosity and sacrifice of many parishioners, our Capital Campaign has been
very successful, and I anticipate our subsequent efforts to pay off the 15-year
mortgage will be equally so. However, not everyone has made a financial
commitment to help to pay for our new church and chapel—we need everyone
involved in this important event in the life of our parish. As such, I am asking
that if you have not yet participated in the fund raising activities for our new
church, please prayerfully consider making a pledge to the Building Fund.
Remember, we are not solely building this church for those of us today, but also
for the generations to come. Please contact Mark Smith or Nathan Byers in the
Development Office (972-712-2645) to make a gift or pledge to the Building Fund.
In closing, please
know that I am eternally grateful to our parish families who have made the
sacrifice of a financial gift that has enabled the construction of our new
church and chapel. Because of your commitment, we will be soon celebrating our
dedication Mass in the new church. I will continue to keep you all in my
prayers.
In Christ,

Rev. Msgr. Larry Pichard
Pastor |