Dear Canadian Armenian Community Finally, more than 6 months after Bishop Bagrat’s departure, the names of the leaders of the group responsible in this dirty campaign are now out in the open. As a strong community, we are not scared, we are not intimidated by any one of them, that’s the reason we published both letters, we have and we will always stand by our church and bring out the truth. We welcome your feedback at any time God bless you all FINALLY THE TRUTH IS OUT: HERE ARE THE NAMES OF ALL those WORKING AGAINST The BUILDING of OUR CHURCH. PLEASE READ THE FOLLOWING: November 16, 2013 TO THE ARMENIAN COMMUNITY, Following the spreading of many inconsistent and misleading rumors in the community, we the undersigned feel and request that the realities of the financial catastrophe facing our community be uncovered by submitting the entire group of the Diocese and the churches to an independent professional audit. Since no initiative was being taken in that respect we, ourselves, undertook a thorough investigation of the data available. The attached is the result of that thorough work which we feel is our duty to share with you. These findings have been presented on November 9, 2013, at the Kingston mid-year general Diocesan assembly, where the reality of our findings were shared and heard and acquiesced by all, Diocesan Council and Delegates, without a single objection. The figures in the presentation where names of individuals had to be identified, the latter have been removed for reasons of privacy. However, they are all available and can be given privately to any person who enquires about it. We consider it to be the right of our community to be informed and, thus, we dutifully present it as such. Signed, Vahakn Arapyan, Dr. Haroutiun Arzoumanian, Ara Balian, Vicken Darakjian, Dr. Arto Demirdjian, Dr. Hrair Der Kevorkian, Jacques Djandjikian, Avedis Djihanian, Jirayr Dolar, Rachel Doramajian, Dr. Arshavir Gundjian, Vartan Karasseferian, Aida Karibian, Vahe Keresteciyan, Arto Manoukian, Sarkis Marashlian, Jack Seraidarian, Antranik Sirinan, Zivart Takvorian, Hratch Torikian, Hilda Tursucu, Dr. Edouard Yeghiayan The above signatories represent: Dues paying members of the Church Past Chairman of the Parish Council Treasurer of the Parish Council Past Treasurer of the Parish Council Delegate Past member of the Diocesan Council Past Chairman of the Diocesan Council Honorary Chairman of the Diocesan Council DESCRIPTION AMOUNT CONTRACTOR C (CONTRACT RESILIATION) $135,000 EXCAVATION AND MANHOLES $65,000 CONTRACTOR A (VANCOUVER) $20,000 ARCHITECT A $35,000 SURVEYOR $9,000 FRAIS DE PARC (GREEN SPACE FEE) $53,000 BANK STAMP FEE $11,500 LEGAL FEES $26,000 CONSTRUCTION PERMIT $30,000 CONSTRUCTION TRAILOR $27,000 WINTERIZATION $50,000 PROPERTY TAXES $82,000 ARCHITECT B $15,000 PROPER NAME RETAINED- INTEREST $45,000 INTEREST CHARGES $90,000 INTEREST CHARGES $18,000 INTEREST CHARGES $33,000 KHATCHKAR $6,500 TOTAL FUNDS WASTED $751,000 Paid for the lawsuit against Contractor C. WASTED FUNDS FOR HOLY CROSS BUILDING CONSTRUCTION THESE ARE APPROXIMATE NON RECOVERABLE SUMS PAID FOR THE BUILDING FUND NO CONSTRUCTION COST IS INCLUDED IN THESE FIGURES OBSERVATIONS Paid to a previous contractor to cancel the contract. Paid to Contractor C- Eventually the hole was closed and relocated. $10K was given to proper name retained as project manager. No work was done whatsoever. Excess fees paid because of constant changes to the project Paid to get financing through the bank. This amount is wasted if construction does not go ahead. Court fee paid to keep the $560K deposit. Interest paid on $490,000 loan from proper name retained. Interest paid on $200,000 loan from proper name retained. Interest paid on TD Bank additional mortgage on St. Martin property. Deposit on 16 Khatchkar purchased at a price of $15,000 paid cash through the Primate. No trace of the Khatchkars. Permit must be renewed for a new construction. Trailor was kept for three years. Could have avoided if construction had continued. Taxes must be paid until religious status is granted. Architectural fees paid to previous architect who claims he did some work. Interest paid on a $100,000 loan at 36%, capital is still outstanding. DESCRIPTION AMOUNT OBSERVATIONS MORTGAGE (TD BANK) $180,000 Interest @ 4% LINE OF CREDIT (RBC) $22,000 Interest @ 4% (proper name retained Line of Credit). CONTRACTOR C $100,000 Lien on property for $480K for damages PROPER NAME RETAINED Loan A $490,000 Monthly interest paid = $1,800 PROPER NAME RETAINED Loan B $100,000 $45K cheque for interest issued in his wifes name proper name retained PROPER NAME RETAINED Loan C $65,000 $25K paid to proper name retained. $40K paid to Contractor C. PROPER NAME RETAINED Architect A $25,000 Fees for architectural services. CFFA (DZENOGHAZOURG FUND) $50,000 Forcibly taken from proper name retained CHURCH ENDOWMENT FUND $100,000 Withdrawn to pay Contractor for land behind church. 5% annual interest supposed to be paid to Diocese. LIEN RELIEF $425,000 This liability is subject to court decision. There is a non-recoverable annual (Stamp Fee) of $11,500 SOURP KRIKOR INVESTMENT $50,000 Investment bonds cashed for Holy Cross church building project. LAWYER $14,000 For Contractor C case (only for one year). CAPPA NOTE 1 $13,000 Forcibly taken from proper name retained PERSUADED DONOR NOTE 2 $15,000 Purchased apple orchard in Armenia. There exist no records at all. Profits were supposed to be paid to Holy Cross. $1,649,000 NOTE 1: The amount of $13,000 was taken from CAPPA to pay for expenses related to the Peppino di Capri concert event organized by Fondation Artismundo Inc. of which the Primate is the Vice President. ACCUMULATED AND CURRENT APPROXIMATE DEBTS NOTE 2: Donor who does not wish to be identified is a prominent Church member for many years. Donor was persuaded by the Primate to make a donation for the purpose of acquiring a vineyard in Armenia that would yield profits which would be used for the Laval church project. No records of such an acquisition exists today. OBSERVATIONS The preceding compilation of data shows in an unquestionable way that the Financial image of the churchs current situation is one of very serious catastrophe. The responsibilities for such a situation should normally have to be determined and must have been shared by more than one individual. However, we would simply like to point out that there are several documented cases which we do not want to discuss at this time other than simply to say that, they reflect the largely unplanned, unwise financial mismanagement of the Primate of the time which has resulted in the current unfortunate situation. In addition, we also want to state the fact that he was extremely difficult to work with because of his intimidating style of approach to get what he wants. His showing often lack of normally expected consideration towards Delegates, Parish Council members and not to mention the Der Hayrs has deteriorated relationships and created unnecessary friction within the community as well as amongst friends. Our only wish is to find a remedy to this current unfortunate situation and to implement measures and controls such that other similar incidents can not be repeated once again. We can not and will not tolerate MANAGEMENT-BY-THE-SEAT-OF-YOUR-PANTS type of leadership by anyone anywhere. It is time for serious reflection and reform to keep our community united! NON FINANCIAL ISSUES
Posted on: Tue, 26 Nov 2013 04:28:25 +0000
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