New - Sangam Village Property Purchase

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0 height="100%"><tr> <td valign="top" colspan=2 height=150 BGCOLOR="#006699" TEXT="#080000"> <div> <B>T.I.S.I. (NZ) Sangam</B><FONT SIZE="6" COLOR="#FFFFCC" FACE="Arial" ><B>   </B></FONT><FONT SIZE="1" COLOR="#FFFFCC" FACE="Arial" ><B>  |  </B></FONT><FONT SIZE="4" COLOR="#FFFFCC" FACE="Arial" ><B>   </B></FONT><FONT SIZE="3" COLOR="#FFFFCC" FACE="Arial" ><A HREF="index.htm" TARGET="_top" TITLE="T.I.S.I. (NZ) Sangam"><U><B>Back to Home Page</B></U></A></FONT></div> <bR> <div> <A HREF="id16.htm" TARGET="_top" TITLE="Maathar Sangam"><U>Maathar Sangam</U></A>   |   <A HREF="id33.htm" TARGET="_top" TITLE="T.I.V. Sangam"><U>T.I.V. Sangam</U></A>   |   <A HREF="id30.htm" TARGET="_top" TITLE="Branches Related Groups"><U>Branches & Related Groups</U></A>   |   <A HREF="id81.htm" TARGET="_top" TITLE="Constitution"><U>Constitution</U></A>   |   New - Sangam Village Property Purchase   |   <A HREF="id70.htm" TARGET="_top" TITLE="Annual Report"><U>Annual Report</U></A>   |   <A HREF="id69.htm" TARGET="_top" TITLE="Organisational Structure"><U>Organisational Structure</U></A>   |   <A HREF="id67.htm" TARGET="_top" TITLE="Minutes of 2002 Annual General Meeting"><U>Minutes of 2002 Annual General Meeting</U></A></div> <div> </div> </td> </tr><tr> <td valign="top" width=300 BGCOLOR="#FFCC66" TEXT="#080000"> <div> <IMG SRC="16e0cb40.jpg" border=0 width="268" height="180" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <div> Lot 9, 731 Great South Rd, Papatoetoe, Auckland, New Zealand</div> <bR> <div> <IMG SRC="16c0ab10.jpg" border=0 width="266" height="177" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> <div> Lot 8, 731 Great South Rd, Papatoetoe, Auckland, New Zealand</div> </td> <td valign="top" height=330 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <I>New - Sangam Village Property Purchase</I></div> <DIV ALIGN="LEFT"></DIV> <div> <B><U>Sangam Village Project</U></B></div> <bR> <div> <B>Project Description</B></div> <div> To purchase land and buildings at <B>Lots 8 and 9, 731 Great South Rd, Papatoetoe</B><B>, Auckland,</B> New Zealand </div> <div> for the purpose of providing Sangam members and the wider-public with a range of community facilities and services</div> <div> <B>       </B></div> <div> <B>Project Timeframe & Proposed Planned Development</B></div> <div> Stage 1 - Year 1     - Purchase of Land</div> <div> Stage 2 - Year 1     - Building/Renovation of Hall</div> <div> Stage 3 - Year 2     - Building of Temple (Phase 1)</div> <div> Stage 4 - Year 3     - Building of Community Facilities - Social Club House, Park, Children's Playground </div> <div> Stage 5 - Year 4     - Building of Larger Hall/Offices & Function Centre</div> <div> Stage 6 - Year 5     - Building of Temple (Phase 2)</div> <div> Stage 7 - Year 6     - Building of Community Facilities - School, Retirement Village</div> <bR> <div> <B>Projected Construction Costs - Stages 1 to 7 (estimated) :</B>    <FONT SIZE="3" COLOR="#000000" FACE="Arial" >                                       </FONT></div> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="578" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="486"><div> Purchase of Land </div> </tD> <tD VALIGN=TOP><NOBR><div>  = $305,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 ><NOBR><div> Building/Renovation of Hall and & setup of Office and Service Centre</div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> = $  50,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="486"><div> Fencing, Drainage, Siteworks    </div> </tD> <tD VALIGN=TOP><NOBR><div> = $  75,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="486"><div> Building of Temple (Phase 1)</div> </tD> <tD VALIGN=TOP><NOBR><div> = $150,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 ><NOBR><div> Building of Community Facilities - Social Club House, Park, Children's Playground   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> = $450,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="486"><div> Building of Temple (Phase 2)  </div> </tD> <tD VALIGN=TOP><NOBR><div> = $500,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="486"><div> Building of Larger Hall/Function Centre/Meeting Rooms   </div> </tD> <tD VALIGN=TOP><NOBR><div> = $520,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 ><NOBR><div> Building of Community Facilities - School/Retirement Village   </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> = $550,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="486"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="486" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>  ------------------</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="486"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="486" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> $<B>2,600,000</B></div> </NOBR></tD> </tR> </TABLE></B></div> <div>                                                                                                                    </div> <div> <B>Proposed Income Sources :</B></div> <div> Donations (* see next page)</div> <div> Interest Free Loans from Members</div> <div> Grants from Government Organisations and Community Charitable Trusts - such as Lotteries Commission, Manukau City Council, Auckland City Council, Fletcher's Trust, ASB Charitable Trust</div> <div> Fundraising Projects - such as Dinners, Raffles, Sports Carnivals, Shows</div> <div> On-going Income from Social Club, Hire of Facilities, Temple Activities, Social Functions, Sports Events, Branch contributions</div> <bR> <div> <B>Property - Current Description and Details</B></div> <div> <IMG SRC="17492b10.jpg" border=0 width="402" height="433" ALIGN="RIGHT" HSPACE="0" VSPACE="0"><B>Vacant Land</B> at Lot 8, 731 Great South Road, Papatoetoe, Auckland - <B>1,800m².  </B>Business 5 Medium Industrial Activity Zoning.  Currently being used as a market garden and is slightly elevated.  Located on the border of Otahuhu and Papatoetoe on the very busy Great South Road (opposite Bairds Road and across the road from DB Breweries main manufacturing plant). This property has access from both busy Great South Road and rear access from Laureston Avenue.  It has a North Eastern facing aspect and borders onto the Tamaki River ecstuary.</div> <div> <B>Vacant Land including a Small Workshop</B> (186m²) and Garage at Lot 9, 731 Great South Road, Papatoetoe, Auckland - <B>1,345m². </B> Business 5 Medium Industrial Activity Zoning.  Currently being used as a Training Centre for under-privileged youth.  Located on the border of Otahuhu and Papatoetoe on the very busy Great South Road (opposite Bairds Road and across the road from DB Breweries main manufacturing plant). This property has access from both busy Great South Road and rear access from Laureston Avenue.</div> <bR> <div> <B>Donations :</B></div> <div> Donations from Members to be in three categories :</div> <div> - Lump sum one-off contributions - $1000 upwards</div> <div> - On-Going Monthly Automatic Payments - $20 to $500 per month for 5 years</div> <div> - Casual donations - $1 to $999</div> <bR> <div> <B>Donor Award Levels :</B></div> <div> Setup of Award Levels for Donors as follows, with names to be published on signboard at entrance to Hall :</div> <div> - Diamond Member $20,001 upwards</div> <div> - Gold Member $10,001 to $20,000</div> <div> - Silver Member $5001 to $10,000</div> <div> - Platinum Member $1000 to $5000</div> <bR> <div> <B>Fundraising Targets :</B><FONT SIZE="3" COLOR="#000000" FACE="Arial" >                                                                                                  </FONT></div> <div> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="609" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> Lump sum one-off contributions :</div> </tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> - 20 Members @ $     500 each </div> </tD> <tD VALIGN=TOP><NOBR><div>  = $   10,000</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> - 50 Members @  $ 1,000 each </div> </tD> <tD VALIGN=TOP><NOBR><div>  = $   50,000</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> - 10 Members @ $  5,000 each   </div> </tD> <tD VALIGN=TOP WIDTH="92"><div> = $   50,000</div> </tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> -   5 Members @ $10,000 each</div> </tD> <tD VALIGN=TOP WIDTH="92"><div> = $   50,000</div> </tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> -   5 Members @ $20,000 each</div> </tD> <tD VALIGN=TOP><NOBR><div> = $  100,000</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> -   5 Members @ $30,000 each</div> </tD> <tD VALIGN=TOP><NOBR><div> = $  150,000</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="410" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> ------------------</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="410" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>  $    410,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> On-Going Monthly Automatic Payments :</div> </tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> -  50 Members @ $  20 per month x 5 years </div> </tD> <tD VALIGN=TOP><NOBR><div> = $    60,000</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> -  50 Members @ $  50 per month x 5 years</div> </tD> <tD VALIGN=TOP><NOBR><div> = $  150,000</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> -  50 Members @ $100 per month x 5 years</div> </tD> <tD VALIGN=TOP><NOBR><div> = $  300,000</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> -    5 Members @ $200 per month x 5 years</div> </tD> <tD VALIGN=TOP><NOBR><div> = $    60,000</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="410" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> ------------------ </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="410" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>  $    570,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="410" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> GST Refunds (Stages 1 to 5) </div> </tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>  $      90,000</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="410" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="91"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="91" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div> Casual Donations / Income from Activities</div> </tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>   $    100,000 </div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="410" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>  -----------------</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="410"><div>  </div> </tD> <tD VALIGN=TOP WIDTH="92"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="92" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="91"><div> $ 1,170,000</div> </tD> </tR> </TABLE></div> <bR> <div> * Balance of Project costs to be funded from Grants from Government Organisations and Community Charitable Trusts - such as Lotteries Commission, Manukau City Council, Auckland City Council.</div> <bR> <bR> <DIV ALIGN="LEFT"></DIV> <div> <IMG SRC="17aa2130.jpg" border=0 width="674" height="531" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></div> </td> </tr></table></body>