Property Development Committee Update
October 2025
The Property Development Committee continues to meet both in person and online (as some of our members have been away).
 
Our main focus in October has been to find a way forward to address the long delay in processing the rezoning and subdivision application with the District for the sale of the two building lots (the rectory and some of the parking area). We have divided the PDC into two groups to divide the ongoing work load between our committee members, one group to work with the District of North Vancouver and to concentrate on the rezoning and subdivision application and the other group to look for possible ways to renovate our facilities without necessarily selling the two building lots. The latter approach is in response to development opportunities that may be available to St Catherines in the light of updates to the Official Community Plan by the District, which are presently being considered by the DNV staff and Council. We will continue with this approach for the next few months until the rezoning and subdivision application has been resolved.
 
In order to conserve Project funds, the PDC has scaled back the work of our consultants, particularly our architect, and will engage them only when necessary to respond to the District’s requirements. As much work as possible is being undertaken by the PDC on a volunteer basis.
 
A small group of PDC members attended a “Meet the Mayor” meeting at Lynn Valley Library to listen to Mayor Little and his vision for the District. It was a small meeting and we were able to raise our concerns with the Mayor, asking about his views on public assembly land which the Mayor deemed important. He said he understood the challenges the church was experiencing regarding the renovations and was generally supportive, and offered to meet with us if needed.
 
Our very good news is that, in support of the Project, the Diocesan Council has agreed to extended the term of the $600,000 Bridge Loan for another year, until 31 December 2026, and has reduced the interest to 0% during 2026. As of end-September, $364,573 has been utilized (of which interest is $15,561) and the remaining balance is $233,537. This will allow us to extend the Project at minimal cost and provide financing for start-up activities following resolution of the the rezoning and subdivision application. The Seize the Day funds presently stand at approximately $187,725, with total funding of approximately $421,262 remaining to support the Project moving forward.
 
The PDC, together with the Seize the Day campaign fundraising committee, plans to hold a meeting after church later in November to update the congregation on the Project — date to be announced in due course.