Huawei donates sh10 million to a Church construction project
In this day and age, corporate companies have to give back or support communities that they operate in to stay relevant. It is under this vision that Huawei ...
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Huawei donates sh10 million to a Church construction project - Video
Chicago, IL (PRWEB) November 19, 2014
Ziegler, a specialty investment bank, is pleased to announce the successful closing of the $2,250,000 Series 2014 Bond issue for First Baptist Church of Clovis. First Baptist Church of Clovis was founded in the early 1900s in Clovis, California.
In 1974, the church acquired the existing church site in an undeveloped area of Clovis. In 1978, construction of a new sanctuary began and in late 1979, the church occupied the site and relocated its ministry operations. During 1980 and 1981, the church continued expansion of its facilities and constructed two additional buildings that are currently used for the childrens ministry program and preschool program that was established in 1981. The preschool program continues to be an essential ministry of the church. In 2006, the church completed and dedicated a new sanctuary. Today, the average weekly worship attendance is 553 and there is a preschool enrollment of 148.
Proceeds of the 2014 Bonds were used to redeem a series of 2007 Bonds which were issued to refinance existing debt incurred to complete the construction of the new sanctuary. The 2014 Bonds lowered the churchs average coupon to 5.69% and lowered its annual debt service by an amount that will save the church approximately $14,000 per year and $425,000 over the term of the 2014 Bonds.
We appreciate the help and direction we received from the Ziegler team. Every step of the way, they kept us informed and engaged. This refinancing allows our church to accelerate our desire to be debt-free by reducing the interest rates and the terms. One of our existing pursuits concerns being faithful as stewards, and Zieglers counsel and help will allow us to be just that, stated church Lead Pastor, Ken Hendrix.
Bill Dodson, senior vice president in Zieglers religion & education practice and lead banker on this transaction along with Erin Wait, commented, First Baptist Church is a healthy, well-managed ministry with great growth potential. We were pleased to present the church with a refinance proposal, because we knew we could help them generate real savings with a new bond issue in this low rate environment. Working with their leadership team was a true delight.
Since our first financing in 1913, Ziegler has become a recognized leader in providing creative, tailored solutions to religious and educational institutions. Focusing on multidenominational places of worship, charter schools and K-12 private schools, Ziegler offers long-term, fixed-rate financing, tax-exempt financing and short-term, variable rate financing.
For more information about Ziegler, please visit us at http://www.Ziegler.com.
About Ziegler: The Ziegler Companies, Inc. (PINKSHEETS: ZGCO), together with its affiliates (Ziegler), is a specialty investment bank with unique expertise in complex credit structures and advisory services. Nationally, Ziegler is ranked as one of the leading investment banking firms in its specialty sectors of healthcare, senior living, religion, and education, as well as general municipal and structured finance. Headquartered in Chicago, IL with regional and branch offices throughout the U.S., Ziegler provides its clients with capital raising, corporate finance, FHA/HUD, strategic advisory services and research. Ziegler serves institutional and individual investors through its wealth management and capital markets distribution channels.
Certain comments in this news release represent forward-looking statements made pursuant to the provisions of the Private Securities Litigation Reform Act of 1995. This clients experience may not be representative of the experience of other clients, nor is it indicative of future performance or success. The forward-looking statements are subject to a number of risks and uncertainties, in particular, the overall financial health of the securities industry, the strength of the healthcare sector of the U.S. economy and the municipal securities marketplace, the ability of the Company to underwrite and distribute securities, the market value of mutual fund portfolios and separate account portfolios advised by the Company, the volume of sales by its retail brokers, the outcome of pending litigation, and the ability to attract and retain qualified employees. # # #
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Ziegler Closes $2.25 Million Financing For The First Baptist Church Of Clovis
The beginning of construction for the Outlet Shops of the Mid-South, to be located at the intersection of I-55 and Church Road in Southaven is still happening, just not as soon as earlier reports indicated.
"We're waiting on drainage plans to be approved," said Southaven Mayor Darren Musselwhite late last week. "A goal for the project to start in December is still possible, but it is still about 3-6 weeks away."
Josh Poeg, an official for Poeg Shopping Centers, the Memphis-based company building the project, also recently said the project was not close to a start-up date.
Once construction begins on the Outlet Shops of the Mid-South, Musselwhite said completion of the mall project's first phase should take about a year.
Both comments from the Southaven mayor and the mall developer contradict earlier reports the mall project was close to beginning.
Poeg Shopping Centers has developed what they term as "lifestyle centers" in several states across the country, which it terms as having an open-air design, contrary to indoor shopping malls, that offer shopping, restaurant and entertainment venues.
The company, founded in 1984, manages the Carriage Crossing shopping center in Collierville, Tenn. and developed the Shops at Saddle Creek in Germantown, Tenn.
According to the company website, Poeg is also developing another property in Memphis which they identified as Highland Row.
When it opens, the first phase completion for the Outlet Shops of the Mid-South will include approximately 90 upscale stores, three restaurants and a hotel at the northeast corner of the I-55/Church Road intersection.
Approximately $34 million of the $114 million price tag for the mall will come from the Mississippi Tourism Rebate Program of the Mississippi Development Authority. The remainder of the funds come from private money through the creation of the mall area as a Public Improvement District.
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Mall construction delayed
Construction of three new Habitat homes started over the weekend in Woodstock, bringing one man to tears.
Habitat for Humanity North Central Georgia began construction Saturday and Peter Uk could not have been happier.
We had a lot of difficulty in my country and in Malaysia, Uk said as tears ran down his face.When we came to America to start a new life, we didnt have anything.But by the grace of God we were able to get to the United States, and now we can have an affordable home.
Uk and his wife, Yung Niang Uk, moved to the U.S. in 2010 after living in Malaysia for three years. The couple fled their home country of Burma when their Christian faith brought them persecution.
The family now lives in Cumming as they wait for their home to be built in Woodstock. The couple are parents to Betsy, 4, Zahaala, 2, and a 1-year-old son, Samuel.
Mount Pisgah United Methodist Church, Northbrook United Methodist Church, Roswell Presbyterian Church, Roswell United Methodist Church, Saint Aidans Episcopal Church, Saint James United Methodist and Zion Missionary Baptist Church jointly helped to support the Uks new house.
Construction also began on houses for the Navarro and Afidegnon families.
Abigail Navarro was 9 years old when she and her family immigrated to the United States from El Salvador, Central America, in 1990.She and her three daughters now live in Alpharetta, in an overcrowded townhouse with family members.
Navarro works for the Interactive College of Technology in Chamblee, where she has been employed for about two years.
I would like to thank every single person here, and naturally, God; and Habitat for giving me the opportunity to have a decent home for my kids.You have no idea how happy I was when they gave me the call that I was approved for a home.I thank everybody for the work youre going to put into my house,Navarro said.
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Construction starts on 3 Habitat for Humanity houses
A rendering of the courtyard view of the Provo MTC expansion. The Church of Jesus Christ of Latter-day Saints released the rendering Tuesday night and announced it has finalized its plans to begin construction in the summer of 2015. When complete, the MTC's capacity will rise from 2,800 missionaries in training to 3,500.
LDS Church
PROVO The LDS Church released renderings Tuesday night of its final plans for the expansion of its Missionary Training Center in Provo.
A site plan also shows the new oval that will change the way families drop off their missionaries at the MTC, one of the church's 15 training centers around the world.
Construction will begin in the summer. When complete in 2017, the MTC will be able to train, house and feed 3,500 missionaries at a time, up from 2,800, according to a news release.
The Provo MTC has been in flux since October 2012, when The Church of Jesus Christ of Latter-day Saints lowered the ages at which men and women can serve missions. The age change led to a flood of new missionaries that overwhelmed the Provo MTC.
To accommodate the rush of new elders and sisters into the mission field, the church leased an apartment building and nearby housing at BYU about a mile away from the MTC. It also closed a church school in Mexico and converted it into an MTC.
The Mexico City MTC, opened last year, now hosts many of the church's Spanish-speaking missionaries during training, easing pressure on the Provo MTC.
Also, the number of missionaries is normalizing after the boom caused when LDS Church President Thomas S. Monson announced that men could leave at 18 instead of 19, and sisters could serve at 19 instead of 21.
Those men who were between 18 and 19 and women who were between 19 and 21 who decided to serve immediately created a bottleneck that now is abating.
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LDS Church releases renderings of final Provo MTC expansion plans
By TAYLOR M. LIER
Staff Writer
HOWELL A half-century of worship is being celebrated as a house of worship rings in its 50th anniversary.
The Church of the Master, 110 Salem Hill Road, Howell, will celebrate 50 years of serving the community at 11 a.m. Nov. 23 with a special worship service to be followed by a luncheon at Our House Restaurant.
For Howell native Phil DeFusco, the 50th anniversary of his childhood place of worship is exciting.
I grew up in Howell and still live here today, and I have been going to the church since I was about 4 years old. I am so proud of what it has become, DeFusco said.
The Church of the Master began as a mission church of the Evangelical United Brethren Church, Newark, in 1961, according to DeFuscos wife, Kathie.
At the time, Howell was a growing community, and money was approved to begin a church in this area, she said.
The churchs first service was held at the Land O Pines School on Jan. 6, 1963. The congregation grew and plans were eventually made for the construction of a permanent home. On Nov. 24, 1964, the Church of the Master, being approved by the Board of Missions, was opened.
In 1968, the Evangelical United Brethren Church and the Methodist Church combined to form the United Methodist Church, according to DeFusco. The Church of the Master became part of the Southern New Jersey Conference.
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Church of the Master to celebrate 50 years
A construction worker allegedly stabbed his co-worker to death in a church in Sampaloc, Manila yesterday.
Police identified the victim as Mario Gorpedo, 27, stay-in at Flashbuilt Construction Inc. and of Northern Samar.
Case officer PO3 Marlon San Pedro disclosed that the incident happened at around 4:30 a.m. at the construction site of Grace Gospel Church on Mangga Ave. corner Buenos Aires St. Initial investigation said that the suspect, Jonard Caberte, 35, of Negros Occidental, stabbed the victim while he was sleeping. A witness, co-worker Anito Galias, saw the suspect fleeing.
Galias saw Gorpedo gasping for breath on his wooden bed. The victim was taken to the Ospital ng Sampaloc where he died.
Police are eyeing revenge as the motive of the killing.
(The reason for the killing) may be out of revenge, because last Friday, the victim, along with his unknown companion, ganged up the suspects brother (who is also their co-worker), San Pedro said. (Rachel Joyce E. Burce)
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Laborer stabs co-worker
THE property developer behind the multi-million pound conversion of a 189-year-old church into luxury studio apartments has opened its doors to the public.
Trinity Court on the site of the former Holy Trinity Church next to Bolton railway station was officially launched by Bolton Mayor, Cllr Martin Donaghy.
The Grade Two Listed building within a building now has 82 apartments divided into three sections The Church, The Knave and The Gatehouse. Twenty-one of the flats have already been taken.
The apartments are being let by Primo Property Management, the sister company of Bolton property developers Forshaw Land and Property Group founded by Lyndon Forshaw in 2008 and run with director brothers Glenn and Jonathan.
The Forshaw company was born out of Forshaw Demolition, founded in 1921 by their grandfather Walter Forshaw and run by their father Harry, who rang bells at the church as a youngster.
The full refurbishment has been carried out by Haslingden firm Colbre Projects Ltd and has taken 16 months to complete.
Project leader was construction director Bob Misell. He said: If the building had been left much longer, it would have started to collapse. Our initial objective was to prevent the shell of the church from deteriorating while the plans for the development were drawn up.
It has been reroofed and the parapet walls have been rebuilt. More than 50,000 concrete blocks have been used in what has been a major structural project.
Great lengths have been gone to by the developer and ourselves to preserve the character of the building and there are some beautiful features which remain from the original church.
Holy Trinity Church was one of the so-called Waterloo Churches built with a government fund set up in 1818 as a token of the nations thanks for victory in the famous battle against Napoleon. It cost 13,824 - 1 million in todays money to build and had been empty since 1992.
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Multi-million pound church apartments conversion opens to public
SAN JOSE -- Holy Cross Catholic Church, a century-old center of a beloved parish, where Mass was still recited in Italian, burned down Sunday afternoon in a four-alarm fire.
"This was home, and now it's gone," said Catherine Ventimiglia, who attended the Italian Mass that ended minutes before the fire broke out around 2 p.m. "We are stunned. My legs are numb from this."
San Jose Fire Department Capt. Mike Van Elgort said the cause of the fire was not known, but the blaze did spread rapidly through the second floor and then to the roof. More than 100 firefighting personnel were still struggling to control the blaze in the late afternoon. By then, the roof had collapsed and two minarets had tumbled.
"It's made of heavy timber, old construction methods and old dry wood," Van Elgort said. "It's a beautiful building. It's a tragedy to see it demolished."
However, the fire had spared the rectory and a meeting hall.
Hundreds of local residents and parishioners -- speaking in Italian, English or Spanish -- stood at the corner of Jackson and North 13th streets and watched their neighborhood and spiritual institution crumble before their eyes.
"I can't believe I'm not going to see my church again," said Debra Cancilla, who was baptized there in the 1950s. "You get to know people and where they sit every Sunday, for years and years. That's not going to happen anymore."
Special crucifix
Holy Cross was founded in 1906 to serve working-class Italian immigrants settling in the Northside, one of San Jose's oldest neighborhoods. The church gained special recognition five years later as an Italian National Parish.
The newcomers that followed the Italians over the decades remained largely Catholic and working class, but they came from Portugal, Texas, the Philippines and Mexico. The waves of newcomers helped the church remain a Northside anchor.
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Big blaze at Holy Cross Church destroys a beloved structure in San Jose