A year has gone by

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A year has gone by

• What did we do?
• Where are we at?

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Building Information

• Building Description
• Type Church
• Address 73-75 Fresh Meadow Road, West Haven, CT
• Building Size 10,700 square feet
• Land Size .0980 acres
• Attached House 1,749 square feet
• Advantages
• Zoning ready
• Bigger prayer area
• Bigger parking lot
• Available space for classes and potentially for a
  full-time Islamic school
• Separate house comes with property could be
  rented for income
• Vacant land across from property that could be
  purchased for future parking or expansion
• Very close to the previous Masjid

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Old Masjid
New Masjid
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Buying a New Masjid

• Made an offer to the owner of the church and
  negotiated the price down to about a 1.25
  millions.
• The bank sued the owner of the church over legal
  issues.
• We contacted the bank and tried to work a short
  sale but it was not possible as the bank had
  already commenced foreclosure proceedings.
• The process was delayed as the owner of the
  church filed for bankruptcy.
• The lawsuit is back on track after lifting the
  bankruptcy motion.
• Our last correspondence with the bank was as of a
  couple of weeks ago. The lawsuit is progressing
  but slowly.
• Our pending offer to the bank is 700,000 subject
  to negotiation upon acquiring the property.
• Note Given the nature of the building, it is
  highly likely that we will find ourselves in a
  bidding war against other entities.

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Selling Our Masjid

• WE WILL ONLY SELL THIS MASJID IF WE DONT RAISE
  ENOUGH FUNDS OR RUN OUT OF TIME
• This entitles a strong commitment from the
  community!

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Two Options

• OPTION 1 Do not sell the Masjid and raise funds
• OPTION 2 Sell the Masjid and raise additional
  funds

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Keep in Mind

• NOTE There is a long road ahead of us!We will
  face various expenses at the time of purchase
  besides renovation fees. Renovations could be but
  are not restricted to
• Removing pews
• Fixing damaged floors from pews removal
• Installing prayer carpet
• Sound system move and setup
• Bathroom renovations
• Heating and cooling accommodations
• Move and install security camera system
• Purchase and install keypad lock on main entrance
  doors

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• Questions?
• Comments?
• Concerns?
• Please email us at nhic_ct_at_yahoo.com
• Thank you, Jazakumu Llah Khayr!