Hallelujah! On May 5, 2015, we signed the contract to purchase the 55 acres adjoining our property. We made the first payment of $57,000 to close the deal. The property is now ours. However, we still have an outstanding balance of $171,000 to finish the payment over the next two years.
We wrote the contract such that by paying $57,000, we now have clear title and full ownership of the 22.51 acres in the southwest portion of the new property, which borders on the TWRA property that cannot be developed commercially. When we make the next $57,000 payment eight months from now, we will have clear title and ownership of an additional 22.50 acres, which adjoins the first piece and also is bordered by the TWRA property. I will be drawing a map in the next few days to show you what this looks like.
The last 10.76 acres has buildings and improvements on it, so it will cost the third and fourth payments of $57,000 each, totaling $114,000. With these payments, the last one in two years, we will own clear title to all three parcels of the total property.
We give our heartfelt and deepest thanks to Spirit and the agents of Spirit on all planes for making this purchase possible to secure this site for the Second Coming. We especially want to thank each and every one of you for your prayers and projections, your love radiations and your donations.
Now we continue to cast our nets to the right to call forth the additional funding over the next two years to complete this expansion. God is blessing you, and so do we!