Sale of Property in Guam - Update
Resolved, That the Executive Council of the Domestic & Foreign Missionary Society, a New York not-for-profit corporation, approves the sale of the following properties
Lot 2-3, Block 2, Tract 172, Dededo for sale to Donald Davis and Imal Scott for the sales price of $80,000
Lot 2-R3, Block 2, Tract 172, Dededo for sale to James Manoto or designee for the sales price of $575,000; and be it further
Resolved, That Geoffrey Todd Smith, Chief Operating Officer, or N. Kurt Barnes, the Treasurer are authorized to sign the deed and other conveyance documents on behalf of the Society; and be it further
Resolved, That proceeds of the sale shall be remitted to the Society’s account at U. S. Bank but shall benefit the operations of the Episcopal Church in Micronesia.
This resolution comes as a request of the title security company on Guam as clarification to a previous resolution approved on June 18, 2019.
FIN 042 Sale of Property in Guam
The following is a true copy of a Resolution adopted by the Executive Council at its meeting in Linthicum Heights, Maryland, from June 10-13, 2019, at which a quorum was present and voting.
Resolved, That the marketing and sale of the following properties in Guam are approved
Former St. Michael's Church building and lot in Dededo
Former St. Andrew's Church building and lot in Agat
Lot # 440-P-3-1 (2116 sqm) raw lot located in Agat
Lot # 440-P-3-R1 (2116 sqm) raw lot in Agat
Lot #194-2-3-3 (17,822.87 sqm) raw lot located in Agat; and be it further
Resolved, That the proceeds be used for general purposes of the Episcopal Church in Micronesia.