Campus Team Report - October 2, 2016 - Campus Team Members Craig Rudd, Cornerstone Board Jinjer Menge, Cornerstone Board Clark Anderson, Finance Team Mike Soper, Cornerstone Church Teresa Johnson, Cornerstone Church Jason McGrew-King, Cornerstone Church Steve Chambers, Director of Operations Process & Responsibilities The Congregation: It is the Congregation who will make the campus decision by a vote of the membership. The Board: Board is responsible to define the search process and make a recommendation to the Congregation. The Campus Team: Chosen by the Board to include representatives from the Congregation, Board, Finance team and a member of the staff, the team is responsible for evaluating the sites available and making a site / building recommendation to the Board. The Finance Team: Is responsible to evaluate the financial feasibility of any location and make recommendations to the Board. The finance team is also responsible for coordinating all negotiations with Board oversight / review. The Staff: Is responsible for providing the Board with space and ministry plans. Scott will continue to focus on our community and congregation. When it comes to the campus search, Steve our Director of Operations, will be the point person on the process. Site Selection Criteria 1. Location (Ideally less than 5 miles from our current location) 2. Cost 3. Parking (150 would be the goal) 4. Visibility 5. Accessibility (Are there multiple roads and entrances to the building) 6. Ministry potential (Connected to church strategy) 7. Square footage (minimum of 24,000 sq. ft.)
Campus Options 1. Purchase land and build a church. Suitability - We can design exactly what we want/need. Ownership We would have control over the property Availability - We are looking in a well-developed area. There are not many vacant properties in our target area. The ones that are available are selling fast. Cost - New construction can be more expensive than buying an existing property. Time - New construction will take a minimum of 18 months to complete Expect any attempt to purchase a building currently on city tax rolls to be challenged. 2. Long-Term Lease Cash Renting will require the least amount of our cash up front. Staff The church will not be required to maintain the exterior of the building. Custodial/building management staff will be greatly reduced. Construction Often the property owner will provide cash to the tenant for interior building construction. Provides time and flexibility as we look to the future. for growth and a opportunity for expansion. Lager building, multi site, church planting Neighbors Parking will often be shared with other building tenants. Ownership There would be no opportunity to earn equity. Location Many of the locations we have looked at have been in industrial parks. Many may not believe this is the ideal location. 3. Purchase a site that includes a building and renovate. Ownership We would have control over the property Suitablity We will have more control over the design of the new building Timing Existing commercial properties are selling very fast, which means there is a very small inventory of properties that meet our needs.
Cost Purchasing will require a large down payment and the new facility may need renovations well. Time Depending upon how much renovation is needed we may need to find a temporary place to worship if the new location is not completed by August. 4. Short-Term Rent. Provides the church additional time to locate a permanent site. Conserves cash. The stress and cost of a temporary move. The investment Prayer Requests Unity. To stay missional as a church. To continue to be the church God has called us to be: A Great Commission Church with a Great Commandment Heart. Let s not wait until we move to see people reached and lives changed. Clear and open communication. The challenge of numerical and financial growth during times of transition. Timeline. Currently our contract with Beacon expires on 8/10/2017. Change and flexibility. Wisdom and discernment. Mark Your Calendar Prayer Night 10/23 Prayer Night 11/20 Annual Business Meeting 12/11 Prayer Night 1/15 For More Information Check the Futurecast on the website Campus Team & Board Members are availableon 10/9, 10/23, 11/6, 11/20, 12/4 & 12/18 at 11:00 am in Room 24 Contact the campus team via email campusteam@cornerstonecrystal.org. 60 Day Summary There has been a lot of progress over the last two months. Here is a brief summary: Cornerstone completed the sale of our building to Beacon Academy on July 27, 2016. Cornerstone relocated all office and ministry areas to the south wing of the building.
The Church library, Scott s office books, kitchen equipment, Mission items, Bike Trip and other supplies and equipment were placed into a public storage unit. The Olivet Fitness Center equipment was donated to the Community Alliance Church in Garrison, MN Numerous ministry supplies, kitchen supplies and equipment, and furnishings were donated to support Ebenezer Community Church in Brooklyn Center. The staff completed a needs / space analysis. The Board and staff have toured Eagle Brook s Blaine campus. The tour provided helpful insight when it comes to space utilization and parking. To gain insight into how other churches have successfully relocated and expanded, Scott has met with the following church leaders: John Fuller, Lead Pastor of Prairie Lakes Church, Eric Bryant with Gateway Church, and Joel Johnson with Westwood Community Church. Cornerstone Leadership has met with Dan Carlson, Converge North Central in addition to Members of Eagle Brook Church s leadership team. Members of the Board and Campus team toured River Valley Church s Eagan location to see how they designed church in a warehouse." Members of the Campus Team have taken initial tours of 15 different potential sites. Last week members of the campus team met with an architect. The goal? To develop initial drawings to help determine potential build-out costs. Potential Sites Here is a list of 15 sites that have been under consideration. It is important to understand that site availability changes on a weekly basis. This is especially true when it comes to buildings that are for sale. They are selling fast (interest rates are low, buyers have cash and there is a lot of uncertainty as we enter into the November elections).
Site Map A. 5000 W. Broadway Avenue Crystal, MN 55429 28,923 SF FOR SALE: $1,250,000 SOLD http://www.edinarealty.com/commercial-for-sale/5000-w- Broadway-Avenue-Crystal-MN-55429-147516719 B. Formerly Mighty Fortress International 6400 85 th Avenue North Brooklyn Park, MN 34,000 SF FOR SALE: $4,100,000 www.cbre.com/640085thaven C. Thriftway Building 5715 W. Broadway Ave Crystal, 55428 50,000 SF FOR SALE D. 700 Colorado Ave Golden Valley, MN 55416 48,410 SF FOR SALE: $3,200,000 No longer available
E. Paramount Office Building 9905 45th Ave N Plymouth MN 29,813 SF FOR SALE: $3,400,000 No longer available http://paramountre.com/listing/page/5/?view=grid F. Park Place Centre (Adjacent to Home Depot) 6731 and 6741 Boone Ave N Brooklyn Park, MN 55428 15,001 SF and 11,549 SF but restrictions prohibit assembly use http://www.midamericagrp.com/property-details/park-place-centre G. Bass Lake Business Center 5480 Nathan Lane Plymouth, MN 64,972 SF http://www.mnshowroom.com/property-details/bass-lakebusiness-center-1.html H. France Ave Business Park 4001 Lakebreeze Ave #200 Brooklyn Center MN 89,488 SF total building Available: 27,340 SF (office/warehouse) -but not to a church http://paramountre.com/?s=france+avenue+business+park I. Crystal Business Commons 5500 Lakeland Ave N Crystal MN 92,300 SF total building 28,255 SF available Has been leased by other now http://www.industrialequities.com/listings-grid/?id=70
J. 9401-9443 Science Center Drive New Hope MN 55428 73,908 SF total building 48,596 SF available http://www.colliers.com/en-us/minneapolisstpaul/properties/p-usa1016365/sciencecenter-business-plaza K. Winnetka Industrial Center 3240-3340 Winpark Drive Crystal MN 188,260 SF total building 21,647, 14,021 or 34,580 SF available http://catalystcp.net/pdfs/97.pdf L. New Hope Corporate Center 9449 Science Center Drive New Hope MN 55428 48,000 SF http://www.industrialequities.com/listings/?space= all&zip_name=55428&size_from=&size_to=&id=115 M. Checker Machine Bldg 2701 Nevada Ave N Minneapolis MN 55427 90,000 SF BANK-OWNED http://www.loopnet.com/listing/19694104/2701- Nevada-Ave-North-New-Hope-MN/ N. Merwin Medical Building Picture not available 2730 Nevada Ave N Minneapolis MN 55427 12,000 SF http://www.loopnet.com/listing/13457933/2730-nevada-ave-n-new-hope-mn/ O. Terrace Theatre Building 3508 France Ave N Robbinsdale MN NOT AVAILABLE AT THIS TIME