No Long-term Debt

 

The Finance Council, and Father Vetter, has agreed to only build the project that can be paid for with the five-year pledges.  The parish will not incur long-term debt to fund these projects and the architect is instructed to stay within our financial capability.  The budget for the project will be determined by what we raise.  

In order to expedite the construction of the project and build excitement within the church, the parish will seek to obtain a bridge loan, to be paid off by the five-year pledges over the life of the pledges. The church will not seek long-term debt.