 Assalamu alaikum everyone. We are here today to discuss a new project at MCC. As you might have heard, we are trying to purchase a piece of property in Livermore. It's actually in Contra Costa County. It's not too far from San Ramon and I'll provide you more information on the location and so on. So please make dua as we move forward. So as you know, when we purchased this building back in 2010, we were actually renting a facility in Pleasanton on Quarry Lane. We had signed up a three-year lease, but when this opportunity came up, we decided to purchase the property and sub-lease the existing building that we were occupying. So the same way, this opportunity has come up for a really interesting property and so we would like to discuss it with you and see how we can move forward. So this particular property is over 400 acres, masha'Allah. It is land that is currently zoned for agriculture, but the zoning eventually can be changed and so we'll talk about some of the potential uses of the property. The location is quite central. It's about 20 minutes from MCC, 22 minutes from SRVIC, not that far from ICL, and if you're familiar with the Costco in Livermore, it's only about 10 minutes from there. The property consists of about 402.8 acres. There are three different parcels and more than 100 acres of the land is flat. It has two separate houses. One of them is a farmhouse and the utilities on the property, you know, there's electricity of course and there are several wells on the property and septic tanks. The zoning is currently agriculture and it's under the Williamson Act for those of you who are familiar. This is an act that puts some restrictions on the property, you know, until we remove the Williamson Act, we will need to have some sort of agriculture use and there are many types of agriculture uses, you know, so we'll have to have those with the property and it is in Contra Costa County. Sorry. So these are some pictures that show you, you know, the, you know, some of the locations of the property. We have a video that I will go through as well so let me go back. Okay, so I wanted to show you the property boundaries. This is important. So this property is like an island, you know, surrounded by three different, you know, streets. Collier Canyon Road is a road that goes up, you know, from Las Positas College. So it's about four miles from Las Positas College. So the south side of the property is, you know, off of Collier Canyon Road. The north side is off of Highland Road, you know, which goes up to San Ramon and then the east side is on Carnal Road. So as you could see, you know, this is an SSS, this is an SSS parcel map that shows, you know, the three boundaries for the property. So we looked at these pictures already. So let me talk a little bit about why this opportunity is so important for us. As you know, the Bay Area Muslim community is growing. When we started MCC here back in 2006, we only had a few families. Now we're serving I believe over 500 families throughout the Tri Valley. And that's conservative. You know, our children are growing up, you know, we also have adult children who are now working and then they're having kids. So we need Islamic schools. We need preschools. And we need senior homes as we, you know, as the community expands. So all of these have to be planned. You know, if you try to do these individually, it's very expensive. As you know, in the Bay Area, properties are extremely expensive. So our vision here is to purchase this large piece of land and over a period of time, inshallah, you know, be able to construct all of the different types of buildings that we, you know, need to have for the Muslim community. So, you know, this property can be the solution, you know, it can be the long-term solution for our kids and their kids. This is a multi-generational opportunity. This is not something where we can start construction right away. There are some things we could start, you know, based on the current zoning. For example, a preschool is an allowed use and event center is also an allowed use. So some of these can be done right away. But we'll have to change the zoning in order to, for example, have senior living, you know, with medical offices and a K-12 full-time school and so on. We can also have, on part of the land, we could have a cemetery. As you know, the Muslim cemetery in Livermore is rapidly getting filled up and, you know, we need to plan for the future. So this property came on the market a couple of months ago. We had made an offer on it, you know, with the long-term escrow. We thought that, you know, we would need some time to raise the funds. But that offer got rejected, you know. So back in June, we found out that another buyer had, you know, made an offer with a much shorter escrow period. So we informed the listing agent that we're still interested in the property and so we found out just, you know, a few days ago that the property is back on the market. And so we made the offer and the sellers said, well, we cannot give you too much time. You will have to close escrow within 30 days. So that is the challenge we have, that we have to collect about $4,050,000 by August 13th. Alhamdulillah, we've already raised, you know, over a million dollars, you know, out of the $4,050,000. The remaining amount of almost $5 million, you know, $4.95 million, the seller has agreed to carry back as seller financing with, of course, zero interest. So we can pay this loan off over five years with monthly payments of about $16,667, which can be managed by MCC. That's not a large amount for a monthly payment. So this is where we are today. I'm sure everybody has some concerns. I mean, some of the risks here are the rezoning can be denied. But of course, we will keep trying to get the rezoning. As you know, a lot of the agriculture land gets, you know, rezoned over time. You know, if you live in Dublin, you should know that most of the land in Dublin used to be agriculture. And over time, it has been developed, you know, as residential and commercial for commercial uses. What we also have planned is to have another location for MCC in Dublin, inshallah. So that, you know, may have to be postponed a little bit, but, you know, in the meantime, we can rent a facility. And so I don't think this purchase will have, you know, long-term impact. The community has grown a lot and inshallah, you know, will be able to support the purchase of Dublin property as well. The MCC 2.0 construction, as you know, there are plans, you know, to have some construction outside, as well as perhaps, you know, have a second level, a second floor at this building. So there are no plans to delay that. We have the funds, you know, to continue with the construction. So the fundraising plan is to have a combination of Khardz-e-Hasnah of up to five years. But, you know, we will accept Khardz-e-Hasnah loans from the community for, you know, three years and longer. Our target is to have about 30% of the amount raised as donations and the remaining amount, you know, as Khardz-e-Hasnah. The Board of Trustees and the Board of Directors are planning to raise about 1.35 million among themselves to show our commitment to this project. So we are asking the community to also come through with donations and Khardz-e-Hasnah so we can close escrow on this property, inshallah. So raising more than 4 million in 30 days may seem like a big challenge. But, you know, we have done, you know, something similar before when we were purchasing this particular building, we had about $100,000 in the bank. And the price, the original price on the building was over 7 million. We had, we negotiated that down to 4,050,000 and we were able to raise, you know, all of the money and get the financing needed to purchase the building. So it can be done again, inshallah the community is much larger now and we're confident that we'll be able to raise all the funds with your help and duos as well. So that's all I had for the presentation. I'd like to open this up for any questions. I'm sure all of you have a lot of questions. So we can start with that and then I have a video. Yeah, let's go through the video now and then we can open it up for questions, inshallah. So yeah, while we're fixing the video, any questions? Yeah, go ahead, Assalamu alaikum. Jazakallah for walking us through that and may Allah reward everybody involved in this effort. One question I have is, I know that the need for an Islamic school is so important right now. And I know I think this is a great project and inshallah Allah can make it easy to kind of push through it. Is there a reason we haven't used kind of the current classrooms that we have here in this building for an Islamic school to start right now that could then springboard into this new facility? Because I think right now, I know the Muslim cemetery is really important, things like that. But there's not going to be a need for a Muslim cemetery if we don't have Islamic schools because that's the most fundamental thing that we need. Those things are going to empty out if we don't have Islamic schools as soon as possible. Yes, brother. Jazakallah for that question. The original MCC charter required a full-time Islamic school. We have been looking for facilities where we could have the Islamic school. The space we have rented to the preschool was also part of our charter to make MCC self-sufficient. We get over $26,000 a month in rent from the preschool, the Montessori that's here. Those classrooms will not be sufficient for a full-time Islamic school. You need a lot more space. That's only about 9,000 plus square feet. So yes, this particular facility, like I said, this land gives us a lot of different options. We'll start with a preschool, an Islamic preschool, inshallah, and then we'll try to build it up to an elementary and then middle school and so on. So please make dua that inshallah we'll be able to get approval on all the uses. I think the brother next to you has a question. Assalamu alaikum. I know you mentioned the zoning issue, inshallah, that will be solved. Another challenge usually is with these kind of religious buildings or area is the use permit. So have you thought about it or can you please let us know how that challenge would be solved or resolved? Yeah, so we have inshallah people in the community who are in construction. I've also done land development. I'm a commercial broker. And so we have talked to Contra Costa County already, the planning department, and they've given us a list of uses that we can apply for right away. And over a period of time, we will work with them. So the way the use permit works is you first have to define exactly what you want to build and then you go to the planning department and this land is in the county. So we'll be working with the planning department at Contra Costa County and they will tell us exactly what is needed. And once we work with the staff and there will be a hearing, there's a public hearing to get the approval. With the county, you have the supervisors who do the approval. So once that is done, then we can start construction. So we know the whole process and inshallah we'll be working continuously on getting all of the different types of uses that the community needs. So a couple of years back, I had gone for one of these sessions with a mosque in Gilroy around that time. I don't know, something did not fall through. What are we doing? Have we judged how the neighbors are? Yeah, so if you tour this property and I encourage all of you to tour on Sunday between 12 and sorry, 10 and 12 Sunday morning between 10 a.m. and 12 p.m. Please come and tour the property. Because it's 400 plus acres, you don't have too many neighbors. And this is, it's almost being in a rural area and yet you're not very far from town. So yeah, there may be some opposition to some uses, but in the past, we have worked very closely with the staff in the planning department and the rules that the planners follow are based on zoning, based on traffic and things like that. Sometimes neighbors do oppose you having, for example, if you're trying to build a mosque, there may be some opposition, but that can be addressed. So I know about the project in Gilroy, they had I think some opposition from the neighbors and so it can have some impact, but here I don't think we'll be dealing with too many neighbors. Assalamu alaikum. Zazakullah Haifa, the initiative on the year fourth. I have one question, I know like this new place, so we are going to cover Placent and Dublin, Livermore also like Sandram, right? So I know like the Livermore, so they are going to take you to a new place. I know they have the Somal Majj right now, so they are also having a fundraising all this and going on right now. I don't know what is the current status, so is there any plan that we can talk to them, they can join us so that that new facility can be used from multiple locations? Yes, that's a good question. In fact, right now there's a presentation going on at Islamic Center of Livermore. Just like when we started MCC, our goal even with this project is to have all of the Tri Valley communities work together. So Sandram, Livermore and Dublin, Pleasanton, all of the people in these communities as well as the larger Bay Area community will benefit from this particular property. So we will be working very closely with Livermore and Sandram on, you know, the must-hits there. In fact, we will most likely have board members who manage this property, you know, also be from Livermore and Sandram on. So, and yes, I'm aware that they are looking for a property to purchase. You know, if it's possible to build something on this particular property, they might consider that also. So, you know, we are in communication with them. She said the property has 400 plus acres out of which 100 plus acres is the flatland. How would the 300 plus acres be put to use? So the 300 plus acres you will see in the video are rolling hills, and there are certain uses of rolling hills also. You can have, for example, olive trees, you can have, you know, we could even have part of the cemetery, you know, be on the hillside. So there are different types of uses for the rolling hills as well, but some of it will be open space. So, you know, we could have hiking trails and so on. And eventually if the county allows, you know, they may, if they allow residential development, then it's possible to also perhaps have some homes, you know, on top of the hills. I toured the whole property just recently and the views from the top are, you know, incredible. So I think we can, are there any other questions? We can still take more questions after the video also. So my question is, I heard from Juma Kutba announcement that we may not be able to do anything for, for nine years. So what's the plan in the meantime? What are we going to do about the construction and things like that? That's also one question. And then another question is that we have raised the funds for the construction of facilities here in this facility, like basketball courts and, you know, cafeteria and things like that. Are they going, those funds will be used for the new facility or we are continue to build those facilities here? Yeah. So the first question regarding the uses. So there are certain uses that are allowed immediately. And inshallah, we will, for example, like I mentioned earlier, a preschool, an event center and so on. So the uses that are allowed immediately, you know, we will start working on those. This property is under the Williamson Act, which says that you need to have some, you know, type of agriculture use, you know, and that has to be, you know, so the agriculture use has to be in conjunction with whatever you're trying to do. And, you know, like, but there are certain uses still allowed. So the plan is, you know, this long term, you know, what should we say, you know, the vision is for the long, Mike is going out. Let me use the other one. Yeah. So the vision is for the long term. And, you know, it will take some time to change the zoning. But inshallah, once the zoning is changed, then the property will be worth several times what it is now. And, you know, so we do realize, I mean, we're getting it, you know, 400 acres. This is about $24,000 an acre land in Livermore or Dublin is over $2 million an acre right now. The reason it is cheaper, of course, is because it's zone agriculture and is under the Williamson Act. So we're buying it cheap, but over time, inshallah, it will be worth a lot more. And your other question was regarding the funds. So no, we are not going to use any funds that were donated for this building, for this particular property. We just borrowed some funds for a deposit, which we are going to, you know, replenish. So all the funds, you know, the $4 million, $50,000, or actually, you know, the $4.3 million we're raising is, you know, going to be a separate account. We are not going to use any of the funds that you donated for construction. Okay. Yeah, let's go through the video and then we can take more questions. Yeah. So this is the, you know, it's a drone video taken from the house. That's on the property on your left is Highland Road. And then, you know, there are roads also on the property itself, you can drive around. And, you know, yes, you could see that road going up. And there's a little pond on the property that has about a million gallons of water according to the owners. That is the house. Yeah, that's the main house on the property. And right now, that house is vacant. And this video was taken just a few hours ago. So it's very recent. So this is the house. It's three bedrooms, one and a half bath, you know, about 2,200 square feet. Those are some of the structures on the property. And yeah, he's going back to the house. Okay. I think that's it. So any other questions? Thank you so much. Can you walk us through from the seller financing for the five year was the sustainable model in the first five years? How would we sustain? So the seller financing, as I mentioned earlier, is at zero interest. And what the seller requires is some installment payments every month. So we'll be making payment of 16,667 a month for the five years, which will add up to, you know, about close to a million dollars. So the loan right from the beginning is 4.95 million. After five years, the remaining balance will be about four million. And inshallah, we'll have, you know, fundraising over the next five years to pay that off. So, you know, in the past, like when we purchased this building, we also had about five years to pay off a loan and we were able to do that ahead of time. So inshallah, we expect to pay that loan off also, you know, within the five years. As-salamu alaykum. Tizakullah for walking us through the presentation and the video. My question is more related to, you said this is a multi-generational opportunity that we get. When we're talking about multi-generational opportunity, there should be multi-generational involvement in both the decision making and futuristic plans for running the facility. And so can you walk us through from a board of trustee perspective, board of directors perspective, what plans do we have besides involving community during fundraising events? What plans do we have of involving the community, getting community inputs before such large decisions are made and then presented for fundraising. And also in the same line, what plans do we have of futuristic plans for the board of trustees, for the board of directors? How do we plan to involve the next generation, the future generations in the coming years and decades? Yeah, that's a very good question. We have from the beginning tried to focus on the youth and we have, as you know, several programs at MCC that focus on, you know, our kids. So as far as the board of trustees are concerned, you know, we basically have the vision for the future for, you know, with this property. And we always do, you know, when we're making large decisions, we do surveys. You know, I don't know if you've participated in some of our surveys, but we do surveys to get the community's input, you know, on what the community wants. We were totally driven by the community, not, you know, the board of trustees or board of directors don't make independent decisions. You know, we look at what the community needs and then follow, you know, those requirements. So for this project, I mean, there will be a lot of input from the community. There'll be a lot of surveys. There'll be, you know, meetings to get everybody's input, including input from the kids, you know, on what they need, you know, some of the support facilities that the kids have been asking for, you know, could be implemented at this site. So yeah, MCC has always, you know, look for your feedback and your opinions, you know, you can submit your feedback at any time through our website also. So please let us know, you know, either individually or collectively, you know, what you would like to see. So we have a question on the lady side, brother, if you could take a question from this side. Slam Nikon. I had a couple of questions and concerns and the first one was that seeing as we're in the times that we're living right now with climate change and seeing that we're in a place that has a limited supply of water, have there been evaluations to see what the projections are as to what to make sure that we would have an adequate supply of water, what is the fire risk like in a place like this, just since it's such a larger future plan. And the other comment and question was, since you're starting something that's totally new, it's an opportunity to create, you know, create a really environmentally friendly project that can act as kind of a beacon for neighboring areas. So has there been some thought about creating an environmentally sound building of that type? So let me answer your question about the water. So one of the things that we are doing is what's known as an environmental site assessment. You know, that process has already started. We have Brother Mahbool Khader, who's an environmental engineer with NPRO Solutions. So he's doing a very thorough job evaluating everything, including the water, the availability of water on the site. So fortunately, there are multiple wells. There's water, there are water pipes, there's a water tank, and part of the property is used for cattle grazing right now. It's rented for cattle grazing, and there's water for the cattle in about seven different locations. So there's more than enough water from the well water. And in the future, at some point, you know, as development occurs, then, you know, city water connections, you know, would happen. But that's, you know, over a period of several years. But right now, there's more than enough water on the site. You know, there are two houses that have wells, and you know, there's water from that. And like I said, there's also a very large storage tank. As far as any kind of development, you know, right now, we're just focused on acquiring the land. We certainly will, you know, encourage input from the community, you know, from people like you who can provide us guidance on environmentally friendly and, you know, the type of construction that, you know, will be an example for other communities. So any type of future construction, we certainly will welcome any input, you know, from all of you. Okay, I think we had a question on this side. Zairway, since we're just open land and not really much around any safety, security concerns that we have, if so, what would be the measures on that? As far as safety concerns, you know, it's just like, you know, any other rural property, you know, we certainly would install, you know, cameras and so on around the house and, you know, any other part of the property. But most of it is vacant land, as you know. So we just, and majority of it is fenced because of the cattle. You don't want the cattle to get out on the streets. So, you know, I don't think there's any significant, you know, security issue. But certainly, like with any other area, you know, we will take our precautions. Yeah. Yeah, JazakAllah, Zairway for a nice presentation and all the efforts. So I want to extend what Anish Bhai was asking. There is such a massive decision, like $9.5 million involved from the beginning, right? 9 million. And then we are pretty much committing the community to raise over a million dollars per year, right? So community will have to raise, I don't know how much funds we will be raising, maybe $1.5 million as a donation. But we, the community is committing $7.5 million, let's say for next 10 years. And as far as I understand, I was not here for Juma. I think for next nine years, nothing can be done here, right? And there are so many unknowns, like we don't know what permits we will get. And knowing, like someone mentioned about the permit issues at the Gilroy, but we had the issues and you dealt with that, extending and buying the land for our Livermore symmetry, right? So did we consider all those factors or so we are just committing $9 million for the community for next nine years, right? And we don't know what these properties will be used because as far as I know, right now, only the land, whatever the constructed area we have, we can start only the daycare or some events, right? So that's the question. Yes. So like we said earlier, this property is multi-generational. I mean, if you think about your kids growing up and their kids and at that time, what the land prices will be, what the property values will be, and so on. So they are people in the community who are 100% committed to this project, okay? Because we see the vision. When we are purchasing this building, there were some people who said, well, why do you need such a big building? 43,000 square feet on five acres, over 300 parking spaces. But look at where we are today. In just about 13 years, we have outgrown this building, right? So we have to plan for the future. And yes, it does take funds. It does take some effort. But Alhamdulillah, the community has grown so much, especially in the Tri Valley. Like our kids, a lot of us have adult kids who are now working, who are also contributing. I talked to one young gentleman today after Juma and he's probably 30 years old. He said, I will be 100% behind this project. Let me know what I can donate. So the young people who are working and who can see this vision will certainly, I think, be very, and they are excited about the future potential with this project. We have to realize that land is something that always goes up in value. We could even buy this and if we don't want it in the future, we could sell it for a much higher price. Even today, we've done some analysis and the property is worth over $12 million. You're talking about 400 acres. So 400 acres for 24,000 an acre is not something that you find very often. So yeah, we are making a commitment. But the Board of Trustees and the Board of Directors feel very confident that we will have the community support. And we are also committing ourselves. Every Board member is also donating in a large amount. I already mentioned around about $1.3 million that just the Board members are donating towards this. No, but why would we not? Yeah, yeah. We always see, so this is just from our community, right? So when you add San Ramon, Danville, those areas, plus Livermore, and then in the past when we were buying this building, we had a gentleman from South Bay give us $500,000 in Herzegovina. So there are people all over the Bay Area who will support this project, inshallah. So and it should not affect anything else that we are doing, you know, because this is going to be independent. Any questions from the side? Okay. I have two quick questions. The first one is one of the slides you show about the donation. It has some numbers. Does it mean that those are the only donation amount you're looking for or anyone can donate whatever they want to? That was my first question. The second question, could you please clarify the short term plan after this plan is purchased in the from now to the next nine years? Will anything happen or anything is to be expected after nine years? Thank you. Yeah. So regarding donations, sister, yeah, of course, we're accepting any amount in donations. And we should have probably left that slide up, but you know, you can donate through MCC East Bay slash Livermore. We have created a special link for this project. So any amount, of course, is welcome. And this we believe is, you know, so I'll be Jaria for the future generations, you know, because, you know, what we're doing now will really benefit a lot of our kids and their kids. So and then you had a second question. I'm sorry. Oh, the nine years. Yeah. So as soon as we acquire the land, we are going to look at all allowed uses and then get the community's input and start planning for construction. For example, if a preschool is allowed, we want to have an Islamic preschool. We've had several, you know, families asking, you know, for space for an Islamic preschool. So we'd want to, you know, work on that. And then an event center is something also that is an allowed use and inshallah, we'll work on that. So we will get communities input on everything. But the goal is first to acquire the land. And then we can start working on each of the, you know, allowed uses.