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VILLAGE CHURCH
In 2013 we started working alongside the City of Surrey looking at various options, initially searching for an existing structure that could be leased and/or bought and renovated. As we continued to grow, we eclipsed zoning allowances which ultimately resulted in the search for land. A thorough Lease vs. Build Analysis was conducted that led us to the decision to build. A summary of some of the highlights follow.
The Build Decision
We exist to see people transformed into fully devoted followers of Jesus.
Lease vs. Build
WEAKNESSES
STRENGTHS
WEAKNESSES
STRENGTHS
When we analyze how much of the Build project requires financing, we see the obvious savings when less financing is required. In all cases, the Build scenario is more favourable than a Lease scenario. This is primarily due to the land value and the appreciation of it (which has already risen significantly). Note: the costs in the analysis only applies to replacing the rentals associated with the Surrey location (Bell), current Ministry Centre, and weekly program rentals in other venues. Rental costs associated with all other sites continue on as is.
The analysis exposed three key factors that favour a “Build” over “Lease” decision:
We are excited about this stable and permanent Ministry Centre in which ministry will be done on a daily basis. A 3-storey building that includes an auditorium with 1,000+ seats to accommodate many events including weekend services. It will be used for our Canada-wide operations – reaching out to the city, region and nation with the transforming power of the gospel. It also includes developing leaders, holding conferences/classes, mid-week kids/youth/young adult programs, counselling, local mission, and our School of Ministry.