Is there still a need for BCHS to have a community centre?
Option 1 - No, we don't need a community centre
the need for BCHS to have housing as a component of its mandate collapses.
BCHS will sell its property, donate the proceeds to a charity, as required by its constitution, and dissolve itself as a society.
Option 2: - Yes, we still need a community centre
For how long do we expect this need to remain:
for the near future [five years]
for the long-term [10-20 years]
If it is just for the near future, keep status quo and let the
property sit and increase in value.
If it is for the long term, the options would be:
Renovate the current building at considerable cost [new mortgage] as the city would require the building to meet new stringent earthquake standards, a setback from the street, additional parking, etc.
Sell the property and buy a bigger facility [perhaps in a new high-rise development], requiring a new mortgage and fundraising for a higher cost and renovation.
Is there still a need for BCHS to have housing as a component of its mandate?
Option H0 - No, no need for housing
If there's still a need for BCHS to have housing as a component of its mandate, the options would be:
Sell the property and the BCHS will, on its own, build a housing-cum-community centre on a new property — requiring a new mortgage and fundraising for a higher cost
Sell the property and the BCHS will, on its own, buy an existing building which will accommodate a housing-cum-community centre. This will require a new mortgage and fundraising for a higher cost
Sell the property and, in partnership with a not-for-profit housing society, build a housing-cum-community centre
Please email your comments on your preferred option and your reasons for selecting it to: email@example.com by July 31, 2017. Your feedback will be reported anonymously so feel free to be candid.
Results of this consultation will be presented at the BCHS September board meeting.
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