Special Conference
Saturday, March 23, 2019,
11:45am
Good Shepherd Congregation
The purpose of the special conference is to consider the resolution listed below to provide a loan to Center Place Campgrounds, Inc, (CPCI) to repair and resurface the interior of the Lake Doniphan Conference and Retreat Center pool.
LOAN TO CENTER PLACE CAMPGROUNDS
Whereas, the Doniphan pool was opened in 2011 with the expectation that resurfacing of the plaster pool bottom and sides would need to take place in 7 to 8 years and that tiles and coping stones would need some repair as is normal with pools of this size, construction and location; and
Whereas, the CPCI board requested a loan from Midlands and Central Mission Centers totaling $90,000 to repair the Doniphan pool, with a repayment of 10 years, the first two interest free and the remaining eight at 2.5% based on the balance at the end of two years, and that the loan will be split 15% from Midlands and 85% from Central Mission Centers based on ownership interest; and
Whereas, the CPCI board has agreed to direct a significant fundraising effort to pay off the loan, if possible through fundraising, within two years; therefore be it
Resolved, that Central Mission Center loan $76,500 to Center Place Campground, Inc. in support of repairing the Doniphan pool for no longer than 10 years with a 2.5% annual interest percentage, which will not be charged the first two years.