United Church of God

Council Works on "Due Diligence" in Relocation

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Council Works on "Due Diligence" in Relocation

At the May meeting of the Council of Elders, President Clyde Kilough and Treasurer Tom Kirkpatrick updated the Council on the steps that will need to be taken in order to proceed with the possible purchase of property for a new home office facility in the Denton, Texas, area. Even though this potential property was being held temporarily, only after the move was approved by the General Conference of Elders could the administration move forward on resolving issues related to its purchase. However, Mr. Kilough and Dr. Kirkpatrick asked the Council for further clarification and direction. As Chairman Bob Dick explained in a message sent to the elders on May 11, the resolution the Council passed in February concerning this potential purchase "contained vague language, and as we talked it became obvious that we needed to craft another resolution to spell out the intent of the earlier one." The original resolution stated, "It is further resolved, that, contingent upon the approval of a home office relocation by the General Conference of Elders and, upon satisfaction of the Council, approval will be granted by the Council of Elders to purchase…" After further discussion on the due diligence requirements, the Council passed a resolution that clarified what it meant by the phrase, "upon satisfaction," and further authorized the administration to move forward with acquisition of the land once the following three items are accomplished: • Zoning and traffic mobility factors required by the Church for the planned home office are secured. • Detailed, professional engineering-based cost estimates of infrastructure developments are in line with original projections. • Environmental assessment indicates that the proposed property is in compliance with appropriate environmental parameters. "Until the Council is satisfied with the results of these three steps, no purchase will take place," wrote Mr. Dick. "In fact, if any of these three do not meet Council satisfaction, there will be no purchase. On the other side of the coin, if these three are satisfied, the intent is to make the purchase." The administration is currently engaged with the engineers, architects and other professionals needed to get this work done. Mr. Kilough noted in the Council meeting that, to that point, four Council members had seen the property under consideration. He said that he would like as soon as possible for the rest of the Council members to also visit the site to see it for themselves and to get a feel for the location and surrounding area. Subsequently, the following week he was able to show the property to Aaron Dean, Victor Kubik, Joel Meeker, Leon Walker and Roy Holladay, as well as local pastors Britt Taylor and Doug Horchak. Council member Larry Salyer saw the property the next day, and plans are for incoming Council member Robert Berendt to see it in August. The Council also unanimously passed a resolution to establish a restricted fund to which members and other supporters of the work may make special donations, over and above regular tithes and offerings, for the purpose of helping to finance the relocation of the home office. Mr. Dick explained in his letter that, while we are not currently planning any formal announcement to the Church about this fund until at least after the August Council meetings, there were already people asking if, when and how they could contribute. Without a restricted fund, however, any such earmarked contributions sent in beforehand must be returned since they cannot go into the general fund. Thus, this resolution was necessary for accounting purposes to create the necessary restricted fund for such contributions.