Church Debt Update: In 2005 the parish borrowed almost three and one half million dollars to build our new church, and signed a thirty year note with the Archdiocese. Two years ago we were able to refinance our loan from the original 4.5% rate down to a 2% rate, but they would only allow a two year time frame, not knowing what the banking rates would be at that time. This spring we were able to negotiate maintaining the 2% rate if we were to make a balloon payment of $125,000. The Finance Committee agreed to use a portion of our long term savings, and lock that 2% rate.
Effective this July, our debt is now down to $448,302.00 and is scheduled to be paid in full by May 31, 2019. With your help, we have cut a thirty year note down in a fourteen year period and we are so grateful for your generosity. We are asking all families to dig a little deeper each week and contribute more to the Church Debt Collection, and maybe we can have it paid off even sooner. Thank you in advance for your support.
The Annual CYO Golf Tournament will be held Sunday August 27th at the Macoby Run Golf Course, located at 5275 McLean Station Road, Green Lane PA at 1:00 P.M. The cost is $100.00 per person, or $360.00 for a Foursome. Information can be had at both the church and CYO websites. Proceeds from last years event helped to pay for each child's trip to Steubenville this year, so please know it is going to a good cause. Please gather your friends and family and help out this worthy cause. Thank you for your support
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