We will do our best to explain all aspects of this property.

We ask that you hold all your questions until we are done at which point we

will entertain questions from the membership

As you know BCDC has been searching for a new place to call home for many years.

Some of the difficulties have included:– Cost– Property owner will not rent to dogs– Zoning issues (still waiting to hear from Tinton Falls

on this one)– Size– Location– Etc.

What we really want is a place of our own

Outline of what will be covered

• Update on ARC

• Presentation of property

• Advantages and disadvantages of this property

• Wrap up

• Questions & Answer Period

• Motion and vote

ARC

• Decision to rent back unit

• Hold up with the lease and some of the provisions contained within.

– Insurance could add up to $6000 or more/year

– HVAC system replacement at our cost

– CAM charges now do not include garbage

– When they hook up to sewer this would increase our costs.

– Ability to have some weekend/night events could be limited

In the end we do not own this and will pay a substantial amount per year to rent the space

So why are we here tonight

The board of Bayshore would like to present to the membership an opportunity that was brought to our attention at the board meeting on June 28

2962 Shafto Rd, Tinton Falls

• 5 Acres – present listing price $125,000

• Current property taxes $2991

• Zoned as IOP Industrial Off. Park Medial/Vet/Financial /Landscaping.

• Existing Structure (burned down house) on Property will have to be removed.

• Commercial, Industrial, Office, Professional

The property

• Views from the Street

Overhead View

Town Plot Map

Approx View with Plot Map

Expense Comparisons

Lewis St/C.R. BARN

Lewis St $2750

Barn $1500

Port a john $ 103

MM $ 100

Total/month $4453

Total/year $53,436

This does not include anything but rent. Periodically we get bills from landlord for extras.

We rent approx. 7200 sq ft now

Which is approx $7.42 per sq ft.

ARC Building

9375 sq ft @ $7.10/sq ft

Total/yr $64652.64

Total/month $ 5387.72

This includes: snow plowing, taxes, exterior lighting and all other common charges.

Does not include garbage

Insurance costs will be ~6000/yr

Rent held at this level for 2 years then a 3% increase each year

2962 Shafto RdLand* $115,000Down Payment = $50,000Mortgage = $65,000 (7yrs)Monthly Payment = $735.00Taxes** $ 2,990Monthly = $250.00

Total Rent/Month = $985.00

* 5 acres = approx 152,000 sq ft **Current valuation is $175,000

Rent expense Comparisons(Only Monthly recurring “rent-type” related expenses shown)

Current ARC Shafto Rd

Annual $ 53,447.40 $ 64,652.64 $ 13,126.50

Monthly $ 4,453.95 $ 5,387.72 $ 1,093.86

Add Bldg $ 1,470.00

Total Monthly $ 4,453.95 $ 5,387.72 $ 2,563.86

Difference + $ 933.77 - $ 1,890.09

Notes: 1. The Property Mortgage Term is for 7 years

2. A building loan will also be necessary assumed term of

7 years as well.

Other costs

• Driveway

Monthly costs

• Utilities (water, septic, electric, heat & air Co

• Site management (grass and snow removal)

• Garbage

Preliminary Cost Projections

Item Cost One Time Cost Monthly

Land $115,000.00 $50,000.00 $ 735.00

Taxes $2990 $ 250.00

Site Prep (Inc Demo & Clearing) $20,000.00 $20,000.00

Building (110 X 160) $156,000.00 $50,000.00 $1,470.00

Building Permits $16,200.00 $16,200.00

Zoning Interpretation $1,000.00 $1,000.00

Total $137,200.00 $2,465.00

Issues

• Zoning

• Demolition and removal of House

• Clearing property

• While the Zoning for ARC is the same (IOP) as for the Property, the difference is that the ARC is inhabited by human beings. So it is different.

• Utilities, grass, snow removal, garbage

Building

• Options for buildings include: Morton, Metal, Farmtek

• Size and shape to be determined and will be designed so that expansion is possible at future date.

• Initial thought is (approx) 110 X 160– Obedience/club/utilities 60 X 110– Agility 100 X 110

Neighbors

• Associated Human Society

• Dynapure Nutrition Incorporated (2970)

Benefits of Owning our own property

• Location is ideal – in eastern part of Monmouth county

–BACK TO OUR HOME TURF!

• It is conveniently located• Access off of several major highways

• We decide on building design

• NO landlord

Advantages to buying this property

• Obedience & Agility and Club House in one location

• Land is more than adequate building a structure large enough to hold classes and trials (Total Area = 152,000 sq. ft.)

• Plenty of space - More space then we have ever had!

• We would own the property could offset the mortgage and improve the facility by holding trials here and/or renting the space to other clubs to hold their trials.

• We determine how many parking spaces

• Depending on size of building multiple classes at one time

• Can build and then add on as we need to!

• There are, of course, a couple of negatives. – Land fill is across the street.– We will have to clear the property in order to build.

• On the positive side:– We would own this!!!! No Landlords/leases

– We have 3 agility trials and depending on what we build could house our own trial thus increasing our revenue

– House our obedience trial, could add 2nd obedience trial.• Could rent to other clubs.

– Without much effort we have come up with numerous ways that the club can make extra money per month to be able to afford this location.

ConclusionThe question is not whether we can afford this property, the

question is whether or not the members are willing to put the time and effort into the club in order to make this work.

– To be frank, we can stay where we are, in both locations and continue to flounder or lose money.

– We can continue to pursue the ARC Rental, which would in all likelihood preclude the Club from being in a position to purchase a property.

– Or we can buy this property, build what we want and restore BCDC back to one of the strongest clubs in NJ

Regardless of what the membership decides here tonight, I want to thank the members of this Board and the Building Committee for their dedication and belief in BCDC.

We have worked tirelessly to find a new home that will better suit the needs of our membership.