Version History
Current published version
Today's Business, Issue 1. pp. 173-174. Original floor committee resolution.
No later published versions have been added.
Official Resolution Source Text
Resolution: 9-12
Canonical number: 9-12
Committee: Structure and Administration
Source: Today's Business, Issue 1
Printed pages: pp. 173-174
PDF pages: 173-174
Version: original, current-published-proposal
Source reference: Issue 1, pp. 173-174
Line numbers follow Today's Business, Issue 1, with numbering reset on each printed page, so delegates can compare this page with the official PDF.
Page 173
- To Amend Bylaws Exclusive to Lutheran Church Extension Fund to Clarify That It May
- Provide Real Estate Evaluation and Redevelopment Services in Support of Synod Mission and
- Ministry
- RESOLUTION 9-12
- Overture 9-08 (CW, 467–68)
- Rationale
- Most congregations and ministries within the Synod are owners of real estate. Many of these ministries need assistance
- evaluating their property so they can steward their assets wisely. In some cases, they may not have need for some or all of
- their real estate. In many cases, sale of the real estate is the best option to raise funds for future operations or to wind up
- affairs in an orderly way. In other cases, ministries want to keep some of the real estate to continue operations and divest
- of other portions. Such divestiture may entail a sale or lease of the property to either raise funds for continued operations,
- maintain ministry activity in the divested property, or both. Redevelopment of the real estate may occur with retained or
- divested property.
- In most cases, ministries do not possess expertise in the evaluation, redevelopment, or repurposing of real estate. Lutheran
- Church Extension Fund (LCEF) has decades of experience in assisting ministries in evaluating, acquiring, developing, and
- selling real estate through its church extension activities. LCEF has expanded this expertise in the last few years by hiring
- a team of individuals with extensive real estate consulting and redevelopment experience. LCEF can provide expanded
- real estate services that are of great value to the ministries of the Synod.
- The requested bylaw changes are exclusive to LCEF and are necessary to clarify that it is within LCEF’s purposes to
- provide such real estate services to ministries within the Synod.
- Therefore be it
- Resolved, That Bylaw 3.6.4 be amended as follows:
- PRESENT/PROPOSED WORDING
- The Lutheran Church Extension Fund—Missouri Synod
- 3.6.4 The Lutheran Church Extension Fund—Missouri Synod, as established on June 15, 1978, as a corporate
- entity under the laws of the State of Missouri, is operated by its members and Board of Directors, in
- accordance with its Articles of Incorporation and corporate Bylaws, to further the objectives and duties of
- the church extension fund by providing provide financial, real estate, and other related resources and related
- services for ministry, witness, and outreach within the Synod and, as approved by the Synod Board of
- Directors, beyond the Synod: (1) to and within partner churches with which the Synod is in altar and pulpit
- fellowship; or (2) upon the recommendation of the President of Synod, to Lutheran entities formed and
- operating outside of the United States that assist in fulfilling the Synod’s ministry and mission objectives in
- foreign countries.
- and be it further
- Resolved, That Bylaw 3.6.4.4.1 be amended as follows:
Page 174
- PRESENT/PROPOSED WORDING
- 3.6.4.4.1 The assets of the Lutheran Church Extension Fund—Missouri Synod shall be used exclusively to provide
- financing and services for the acquisition of sites, for the construction of facilities, for the purchase of
- buildings and equipment, for operating expenses, for professional church worker education, for the
- residential housing needs of professional church workers, for promoting strategic ministry planning and
- assisting in capital campaigns, for the evaluation and redevelopment of real estate; and for other purposes
- approved by its governing board and the Synod Board of Directors, which purposes shall be consistent with
- the ministry and mission of the Synod.
