Vision 202
This page includes questions and answers about the Vision 202, aerial images of the property, and a link to pledge your support. Please contact the church office with any questions.
Questions and Answers
Where is the Property located?
What are the facts on the land we are considering?
Who are the principle parties involved?
What has been processed on this property to date?
What is our next step with Vision 202?
How do we plan to pay for this property?
How much is our present Church building & property worth?
How are we going to pay for the “new” buildings and improvements?
When would we need to begin the planning and building process?
Listen to Pastor Mark Discuss Vision 202 from Sunday, August 10th
Where is the Property located?
- Located at the 202 San Tan Freeway & Kyrene Rd
- The North East corner
What are the facts on the land we are considering?:
- 16 acre ADOT Property
- First listed @ 1.8 million
- Listed now for $930,000
- $58,000 per acre
Who are the principle parties involved?
- ADOT - Arizona Department of Transportation - owns the land
- The City of Chandler
What has been processed on this property to date?
- We have had meetings & submittals with both parties here is the history:
ADOT
- “Best plan to date”
- Willing to work with us on this plan
City of Chandler:
- Vision & Dream Concept submitted was found doable
- “Good use plan” acceptable reply
- Signage would be approved on building for view from the 202
What is our next step with Vision 202?
- According to Foursquare Bylaws:
Desert Springs Church Membership must approve of purchase with a 2/3 majority approval, before an offer can be submitted. - Voting on property will take place on Sunday Morning both services: Aug 17th
If purchase is approved by church membership:
- We would then submit and offer with ADOT with the following:
- Contingent on a favorable Traffic Study
- Contingent on a favorable HOA approval
- Easement for 3X5 monument signage on Kyrene
- Our offer contract states that final approval is needed from District & International Foursquare
How do we plan to pay for this property?
Payment plan approved and submitted by the Church Council
- Desert Springs Church to raise a total of: $250,000
- $100,000 cash gifts- for down payment
- & $150,000 pledged over the next year (Aug. ‘08 to July ’09)
- The $250,000 would make the monthly payments on the following loan (conservative numbers)
- $900,000 property loan
- $93,000. 10% Down payment
- 24 months @ $6,000.00 - 8 % interest
- Total: $237,000.00
- Sell property at end of 2 years
- Lease back for 3rd year
How much is our present Church building & property worth?
- A Market appraisal was just done (July) and found the following:
- $3,600,000 (based on 21,000sf at $170 per foot) to 3,800,000 with contents.
- Valued at 3.6 – 3.8 Million
How are we going to pay for the “new” buildings and improvements?
- We would use the above funds from the sale of our present property to build
- We would most likely build in a Phase plan – build as we grow.
When would we need to begin the planning and building process?
- Most estimates predict that it will take 1½ to 2 years to plan & process a Master Plan from “concept to permit.”
- Thus we would begin A.S.A.P.
- It will take 10 to 16 months to build
- The hope would be to enjoy Desert Springs Church at it’s new location in the winter of 2011
Images (click on image for larger view)
Current Location and Proposed Location
Location Size Comparison
Pledge your support
Click here to submit a pledge.
