Community of Christ

Checklist for Purchasing Properties

Legal - Checklist for Purchasing Properties

General

________ Review the guidelines and procedures carefully.

________ Complete a loan application if needed.


Approvals

________ Inform and discuss with mission center officers the decision to purchase.

________ Congregation to meet, discuss, and approve the purchase as well as cost, and loan if applicable.

________ Send copies of business meeting minutes to the mission center officers and Legal Services.

________ Letter of approval to be signed by pastor, congregational financial officer, and mission center officers. When all signatures have been obtained forward the approval form to Legal Services.

Financing—if needed

________ Complete the Houses of Worship Revolving Fund (HWRF) loan application, or request a loan application from Legal Services.

________ If needed, plan and conduct a capital campaign if needed and provide the information in the loan application.

________ Send copies of HWRF loan application to mission center officers and to Legal Services.


Offer to Purchase

________ Forward offer to purchase to Legal Services for review prior to signing.

________ Include the following mandatory contingency in the offer, “Offer is subject to final approval of the presiding bishop of said church.”


Closing the Purchase

________ Legal Services will work directly with the title/abstract company or attorney to close the purchase.