15th District Pays Off the Episcopal Residence and Saves Millions
Bishop David R. Daniels, Jr., Supervisor Mother Irene M. Daniels, the 15th Episcopal District Team, and the members of the 15th Episcopal District have a reason to thank God and celebrate His intervention and greatness. The 15thDistrict was able to pay off the outstanding debt on the Episcopal Residence and end the quadrennial completely debt-free. To God be the glory!
In 2013, the District decided to purchase a new Episcopal Residence at 40 Duckitt Avenue, Constantia, Cape Town. The initial purchase price was R8,5 million. After negotiations with the owner by Bishop David R. Daniels, Jr., the price was reduced to R6 million. The selling price of the old residence of R3,6 million was paid on the present Episcopal Residence.
On December 20, 2013, the Episcopal Residence was dedicated by the then Senior Bishop of the AME Church, Bishop John Richard Bryant. The Episcopal Residence was named after Bishop Bryant and his partner in marriage, ministry, and mission, the Rev. Dr. Cecelia Williams-Bryant.
The bond and mortgage amount was R2, 4 million and was with Standard Bank. Since that time, the 15th Episcopal District paid R2,1 million to the bank, with only R300 000 being paid on principal and R1.8 million to interest.
We are grateful to the Boland Annual Conference Trustees, in co-operation with Mt. Zion AME Church in De Doorns, who made R2,1 million available from their investment account to pay off the debt. Through this action, we have saved the district more than R6,8 million in interest.
Bishop and Supervisor Mother Daniels, after their tenure of nine years, are leaving the district debt-free. We are grateful to our leadership team, the legal team, and our wonderful people of the Faithful, Fruitful, Focused 15th Episcopal District.
