Land and Property

Land and Property

Property Purchase
Parishes and other legal entities of the AOB are responsible for reimbursement to the Archdiocese for properties purchased by the Archdiocese on behalf of the Parish/entity or mission. In most cases, the reimbursement cost shall consist of the purchase price, any other acquisition and maintenance costs and an investment opportunity cost for the period between the original purchase by the Archdiocese and future reimbursement by the Parish/mission.

The investment opportunity cost, as well as any loans associated with the reimbursements, shall be tied to a one year treasury bill index or such other measure approved by the Archdiocesan Priest Council (APC). The Archbishop may approve the purchase of office/residential space for use by a newly formed Parish/mission.

Unimproved Property
In most cases, the AOB shall not consider the purchase of less than 15 to 20 acres for a Parish/mission site.