Reformed Presbyterian Minutes of Synod 1993

REFORMED PRESBYTERIAN CHURCH 53available in the Marion checking account so we transferred $27,000.00the Tmstees of Synod account so that one-half of it could be transferred tothe Kingdom Builders Fund. This means that $38,688.70 is now availableto the Kingdom Builders Fund.The Tmstees of Synod received a request from the Midwest Presbyteryfor all the funds from the sale of the Marion, Iowa church properties to beheld for fiveyears to be used for new works in the presbytery, and receiveda request from the Great Lakes-Gulf Presbytery for 50% of the proceedsfrom the sale of the Ogemaw church property to be used for new workswithin the presbytery. Both of these requests were denied because:(1) neither request was for funds "to start a new work in the samegeneral vicinity" as called for in the cunent policies approved by Synod in1972; (2) Synod approved a new program last year to distribute one-halfof the proceeds from the sale of church properties to the Home MissionBoard Kingdom Builders Fund, which makes grants available to newworks in all presbyteries in the denomination.In 1988, the Tmstees of Synod approved the request of the PacificCoast Presbytery to hold the assets of the disorganized Santa Anna RPChurch for the start of a new work in Orange County, California (the samegeneral vicinity) for fiveyears. The Pacific Coast Presbytery has requestedthat we extend the time. They reminded us that:1. initially all funds were not avaUable and it took some work and timeto resolve this;2. with the above delay, some momentum was lost but they feel thatthey have regained this momentum;3. the Commission feels confident at this time that God is calling themto begin work in Orange County.The Tmstees have given careful consideration to this request and haveagreed to extend the time for two years for them to begin a new work inOrange County. This time will expire in June 1995.The loan to the Ottawa Congregation is a unique situation. A loan of$158,333 was given to help buy the property but they will need substantiallymore money to be able to construct a building. The Tmstees haveagreed that if the Ottawa Congregation raises:1. $100,000 (Canadian $) in cash2. $100,000 (Canadian $) in three-year pledges3. $100,000 (Canadian $) in loans from other sources4. $100,000 (Canadian $) in ten-year pledges,then we will loan another $100,000 (Canadian $) repayable in threeyears, another $ 100,000 (Canadian $) repayablein ten years and $ 100,000(Canadian $) repayable in twenty years.Since the last meeting of Synod, we have loaned money from the