1 minute read
Conference Trustees
Name of Annual Conference: Piedmont (SC) Annual Conference Date: October 27-29, 2022
Committee Name: Conference Trustees
Advertisement
Chair: Presiding The Right Reverend Samuel L. Green, Sr. Members: Presiding Elder Judy M. Richardson, Presiding Elder Dr. Derrick Scott; The Reverends: James E. Speed, Sr., Adam L. China, Cornell Richardson, Jr., James Louden, III, Hannie D. Milling, Jr., Willie Rice, and Paul Wharton; Brothers: John Merrill, James Tisdale, Frankie Jones, and Johnnie F. Sprowl; Sisters: Vallery Smith, Kimberly Chamberlain, and Renae Frazier
Report:
We, the members of the Piedmont Conference Trustees, present the following report: 1. On April 2, 2022, Vice-Chair Elder Judy M. Richardson opened the meeting for discussion regarding the resolution of Seventh Episcopal District of the African Methodist Episcopal
Church, Incorporated unanimous consent to action without meeting by its Annual
Conferences. Following a brief discussion, the members of the Piedmont Conference
Trustees made the following motions: a. Motion made by Reverend Adam L. China and seconded by Reverend James E. Speed, Sr. that the Seventh Episcopal District of the African Methodist Episcopal Church, Incorporated unanimous consent to action without meeting by its Annual Conferences. Motion made and carried. Voted upon unanimously. b. Motion made by Reverend Paul Wharton and seconded by Reverend Cornell Richardson, Jr. to proceed with the renovation financing between $15-20 million but not to exceed $20 million. Motion made and carried. Voted upon unanimously.
2. On July 24, 222, the Trustees accepted the request of Kings Chapel A.M.E. Church be granted to acquire additional funds and refinance the present loan to renovate the front vestibule to include new restrooms. The original loan amount was $150,000 with a current loan balance of $77,773.53 as of July 24, 2022. The current monthly payment is $1,212.67 at a rate of 5.25%. The proposed loan refinance would increase the loan amount to $162,000.00 at a rate of 4.5% which is lower than the current rate. The amortization is for 60 months over 15 years with a review of every 5 years. The new monthly payment will be $1,275.00. Motion made and carried. Voted upon unanimously. Respectfully submitted, The Piedmont Annual Conference Trustees
Name of Annual Conference: Piedmont South Carolina Annual Conference
Date: October 27-29, 2022
Committee Name: Deeds, Abstracts, Abandoned Property
