PROCEEDINGS GRAND LODGE - Freemasons of Wisconsin

1. The future use of Van Brunt Hall and the Bark River Apartments.The Board of Directors of the Wisconsin Masonic Home transferred the residentsof Van Brunt Hall and the Bark River apartments to the new Compass PointCatered Living facility in March of 2006. That Board is now involved in studies forthe future use of Van Brunt and the Bark River apartments. When these studieshave been completed they will make a decision regarding the future use of thesebuildings. Pending that decision the trustees have informed that Board of Directorsthey will not be considered in default of the terms of the lease from the Grand Lodgewhile the buildings are vacant pending their decision. When their decision is madethe Trustees will decide what action to take regarding any change in the terms ofthe lease. The trustees expect this process to be completed before the AnnualCommunication of 2007.2. The Village of Dousman long range land use plan as it impacts Grand Lodgeproperty.The Village of Dousman has completed and published a Land Use Plan whichimpacts any plans of this Grand Lodge with respect to future use of what iscommonly referred to as the “ Farm Land” This parcel of land is approximately 170acres in size and is shown on chart 7. Your trustees participated in public hearingson this plan and as a result the Village of Dousman Planning Commission modifiedits original plan. The Village Plan indicates this land will be developed as acombination of residential and business park. Although there have not been anyappraisals of this land for the intended uses it is clear that as the area aroundDousman continues to develop this land should appreciate in value. It is also clearthat some time in the future the Trustees will need to decide when that value haspeaked and address the potential sale or development of this land.3. The negotiations by the trustees with St Mary’s Episcopal Church to buy nineacres of Grand Lodge land for the purpose of building a new church.During the last year the Trustees were approached by the members of St Mary’sEpiscopal Church of Dousman regarding the sale of approximately nine acres ofland shown on chart 7. Although it has been the policy of the Trustees for many yearsto not sell any of the land owned by the Grand Lodge, after careful consideration ofthe possible best use by the Grand Lodge of this land, we entered into negotiationswith the church for the sale of this land. After appraisal of the land we have agreedto sell this parcel to the church for the sum of $400,000 pending approval of thisGrand Lodge. We recommend the approval of resolution number 8-2006 whichaddresses this issue and will present the reasons for that recommendation at thattime. If the resolution is approved the proceeds from the sale will be deposited in theGeneral Operating Investment Fund.”“A business plan pro forma was completed for the Duplex the Grand Lodge rentson the Dousman Campus. This plan includes a three-year improvement schedule forthe property. The first phase of that plan will replace all 42 windows in the building.The building is approximately 40 years old and the window frames have rotted out.After competitive bidding these windows will be replaced in June at a cost of$19,000. This cost will come from the rental income of $1850 per month. Thebusiness plan establishes a maintenance reserve of $10,000 by 2011.”The operation of the New London apartment complex continues to be a challenge57