Good News!
Mortgage on Fellowship Hall
Paid Off in Full!

     Details of the Last Payment - Darlene Tasso, Church Treasurer reports:

     Per last night's council decision, I called Thrivent this morning for our loan payoff amount and will have the check in the mail today.

     TOTAL DUE: $5,444.85

     We had these funds as of July 31, 2009:

     Balance in Debt Reduction Fund: $4,302.00

     We received these Debt Reduction Funds so far in August: $603.00

     We drew some Memorial Funds attributed to Emma Lauser: $539.85

     So, our last payment made in August:

     TOTAL PAID $5,444.85

Details of Celebration of Being Debt-Free
Pastor Dave reports:

     As background, the Fellowship Hall was built in 2003. A ten year note was taken out with Thrivent for Lutherans to fund completion of the building. That note has been paid off four years early. Tentatively, Zion will celebrate with a "mortgage burning" in December, the anniversary month in which "Swedish Lutheran Zion Church" was chartered in 1905. Other festivities will be coordinated with the celebration.