Timberland Land Sale FAQ
What land parcel is being sold?
- After an extensive effort to develop an overall Lakeville campus Master Plan, it was determined that Hosanna should retain the northern 5.7 acre parcel for future ministry development. The western 6 acre land parcel was more marketable to commercial buyers for multi-family housing options.
Who is Hosanna selling the land parcel to?
- The land parcel is being sold to Timberland Partners. Timberland Partners is a Minnesota-based real estate development company. Click here to learn more about Timberland Partners.
How were Timberland Partners selected and why?
- Selling this 6 acre land parcel to Timberland Partners is just one of the many ways Hosanna is committing itself to be “good stewards” of the resources given to us by God. Hosanna engaged the services of a separate commercial real estate agency, listed the land parcel for sale, and obtained interest from five buyers. Two of them made offers on the 6 acre land parcel of our west undeveloped land. One of these offers was from Timberland Partners for $1,050,000 for the 6 acres of land. Hosanna leadership considered all offers and chose Timberland Partners. Their offer was selected because there is a dire need in the Lakeville community for workforce housing, and Hosanna feels called to meet that need. According to multiple studies from the Metropolitan Council, of all communities in the metro area, the need for workforce housing is the highest in Lakeville.
- Timberland Partners has a breadth of experience developing and managing workforce housing, and they’re also deeply committed to serving their communities by providing high quality, affordable housing. We see their dedication to giving hard-working families a beautiful place to call home as a representation of what it can look like to multiply the hope and heartbeat of Jesus right here in the south metro.
What is workforce housing? Why does it benefit the Lakeville community?
- Workforce housing is generally understood to mean affordable housing for households with earned income insufficient to secure quality housing in close proximity to the workplace. This project will provide hard-working families a place to live and thrive.
Who would qualify to live in the workforce housing development?
- As determined by the Department of Housing and Urban Development, the minimum applicant income requirement for 2-3 bedroom condos will be between $20,232 and $22,608 per year. The preferred income per household size ranges from $37,750 for a two-person family to $54,700 for a six-person family. For more detailed information on qualification requirements, please click here.
What kind of workforce housing development will be built on the land parcel?
- Two-three bedroom condos, 42 units total, will be built on the land parcel. Please click here to view a rendering of the site plan.
What’s the land parcel sale timeline?
- Assuming the Dakota County Community Development Agency tax credit is awarded and the city of Lakeville approves the project, the land parcel sale will close in the spring of 2020. Construction would begin in the building season of 2020 and the workforce housing development would be expected to be completed in early summer 2021. Please click here for a detailed project timeline.
What happens if the tax credit for the land parcel sale is not awarded?
- If Timberland Partners does not receive the Dakota County tax credit, Hosanna leaders will reconsider options and bring these to the congregation.
Has the city of Lakeville approved this workforce housing development project?
- The city of Lakeville has not yet approved the project. Per the tentative project timeline, the city approval process will take place between December 1, 2019 and April 1, 2020. This process includes Lakeville neighborhood meetings. Details on the exact timing of the Lakeville neighborhood meetings are to follow and will be announced as they become available.
Once the workforce housing development is completed who will manage it?
- Timberland Partners will retain ownership and be responsible for ongoing maintenance and management of this workforce housing development.
What’s going to be done with the remaining parcels of land that have not been sold?
- Please refer to the Hosanna Master Plan to view future plans for the remaining land parcels. The projects outlined in the Hosanna Master Plan will be completed as financial and staff resources become available.
How will Hosanna use the funds from the land parcel sale?
- We want to be good stewards of the “talents” that God has blessed us with (Matthew 25:14-30). The Vision Board and senior leadership are unified in hearing from and trusting God about proceeding with this opportunity. Proceeds from the land parcel sale will be used in full alignment with Hosanna’s “10-10-80” approach, meaning we will obediently tithe 10% to outside partner ministries, save 10% for debt reduction, and put the remaining 80% for future ministry development to multiply the hope and heartbeat of Jesus.
Who do I contact if I have questions?
- For any additional questions, please stop by our Q&A pop-ups after all services in Lakeville, Shakopee, and Northfield in January, or attend a Q&A meeting with Timberland partners on Thursday, January 24 from 7-8:30 pm in the Lakeville campus Chapel. You can also email Theresa Hennen, Director of Operations, at email@example.com.
- Click here for a .PDF version of this Q&A.
Community of Hope Adoption FAQ
Why are we exploring the adoption of other churches?
- God is calling Hosanna to multiply the hope and heartbeat of Jesus in other areas of the south metro where existing churches are established. Hosanna feels led to partner with and come alongside these churches through adoption. CoH has demonstrated long-lasting, fruitful relationships within their community. We are confident that we will be better together.
How was Community of Hope selected for adoption?
- Hosanna helped plant Community of Hope in 2002, and in addition to sharing strikingly similar DNA, both churches also share a passion for the essence and themes behind Hosanna’s Multiply vision. Hosanna engaged a consultant to explore strategic next steps in engaging its Multiply vision. Because of demographics and growth areas, the south-east metro was identified as a location for Hosanna’s next campus. Recognizing Community of Hope as an already substantial ministry partner, dialogue shifted from simply deepening the partnership to the potential merger of the congregations.
What is required to adopt another church?
- Our Bylaws state that the Hosanna congregation must vote on any transaction exceeding $500,000. Because the value of the Community of Hope campus building and land exceeds this amount, Hosanna is bringing this to the congregation for your consideration. We are conducting a building inspection, a financial review, and an appraisal as requested by our legal counsel and auditors.
What are the adoption financial implications for Hosanna?
- As of the adoption date, Hosanna will assume ownership for all of the assets and liabilities of Community of Hope. Hosanna has a planned initial investment in production upgrades to enhance the worship experience and allow service streaming capabilities. These upgrades are funded from existing cash reserves.
What is the current financial status of Community of Hope?
- Community of Hope is a healthy and generous congregation. Currently, Community of Hope has an annual budget of $1,400,000 with $1,780,000 of total debt and an estimated tax value of $2,700,000. A formal appraisal is planned to determine true market value. Click here to view the Hosanna/Community of Hope comparison sheet.
Who will be the campus pastor at this location?
- Pastor Peder Eide will be the Campus Pastor at this location. Pastor Peder currently serves as the worship pastor at Community of Hope and has spent the last 20+ years as a singer/songwriter, speaker, worship pastor and ministry trainer. Pastor Peder was commissioned as an associate pastor at Hosanna in February 2014.
- Pastor Per Nilsen, who currently serves as Lead Pastor and Community of Hope will join Hosanna’s leadership, preaching team, and provide support for Hosanna’s campuses.
What are the adoption benefits for Community of Hope?
- Ministry Focus: Instead of having to focus on content development, systems, and administrative support, the campus staff will have more freedom to focus on the ministry programs, developing relationships, and making disciples who make disciples.
- Central Support: As a larger church, Hosanna has central systems for vision casting, resources, training, accounting, personnel development, human resources, care for grounds, building maintenance, and other ministry services to support the campuses.
- Leadership Pipeline: A multi-site strategy minimizes the impact and risks involved with pastoral transitions in a single-site church. It also allows intentional opportunities to build into Hosanna’s deep bench of future leaders.
How will this help us in reaching the 200,000+ unchurched in the south metro?
- It frees up campus teams to focus more on ministry implementation and people development (i.e. equipping people for ministry), while the central teams focus more on systems, administrative support, and curriculum development. (Acts 6:1-4)
- It expands Hosanna’s reach and discipleship opportunities with a ministry that we strongly feel is Jesus-centered, Spirit-led, and Kingdom-minded.
What is the potential adoption timeline?
- January 14, 2019: Community of Hope will hold a directional vote on the adoption.
- Weekends of January 19 & 26: Hosanna will hold Q&A Pop-ups after all weekend services, hosted by Vision Board and Hosanna leadership to answer your questions.
- January 21, 2019: Community of Hope’s Board of Directors will make a final adoption decision.
- February 2 & 3, 2019: Assuming Community of Hope Board approves, Hosanna will hold an open polling congregational vote for partners, at all campuses, on Saturday, February 2 & Sunday, February 3, 2019. Ballots can be cast by voting partners anytime during the hours listed above.
- April 1, 2019: Assuming the vote passes, we have set April 1, 2019, as the legal adoption of Community of Hope. At this time, the Community of Hope staff will become staff members of Hosanna. If there is a need to hire additional staff at that time, positions will be posted here.
- May 5, 2019: Official launch date where the church building location will become Hosanna through look and feel.
Who can I talk to if I have questions about these adoptions?
- For any additional questions, please stop by our Q&A Pop-ups during the weekends of January 5, 12, 19 and 26, or contact Jennifer Ford, Executive Director of Ministry Services and member of the Adoption Exploration Teams, at firstname.lastname@example.org.