[Lnc-business] Email Ballot on Purchasing an Office by Daniel Wiener

travellingcircus at gmail.com travellingcircus at gmail.com
Mon Nov 26 15:34:38 EST 2012


yes

On Mon, Nov 26, 2012 at 4:01 AM, Ruth Bennett <bennettruthaz at gmail.com>wrote:

> Since there seems to be some confusion, let's try this again:
>
> Daniel Wiener makes the following motion:
>
>
> *Moved, that the LNC approve the purchase of an office in the greater
> Washington, D.C. area, to be named in honor of David Nolan, contingent on
> the following conditions:*
>
> *
> *
>
>    - *A minimum of $400,000 shall be raised from dedicated contributions.
>    If a portion of that is in the form of pledges, the pledges must be
>    converted to cash before a purchase contract and mortgage agreement are
>    finalized.*
>    - *Any loan must be based on a minimum of a 30% down payment and a
>    loan with options extending for a minimum of 10 years before a final
>    balloon payment becomes due.*
>    - *The most recent financial statement reported unrestricted general
>    fund balance must exceed $167,000 before a purchase contract and loan
>    agreement are finalized.*
>    - *Additional payments towards the principal loan balance of at least
>    $60,000 per year above the minimum loan requirement must be made, with this
>    requirement structured in such a way that future LNC bodies cannot easily
>    circumvent it.  These payments shall be in the form of an additional
>    $5,000 per month paid out of the general fund, but reimbursable from
>    dedicated building fund contributions.*
>
> *This motion will constitute authority to incur a mortgage if the above
> conditions are met and if this motion passes by the necessary two-thirds
> vote as specified in the Libertarian Party’s Bylaws.*
>
>
> This motion is co-sponsored by Vicki Kirkland, Michael Cloud and Ruth
> Bennett
>
>
> Voting is for 10 days so will end at 5AM EST on December 5, 2012.
>
>
> Please respond directly to this email.
>
>
> Thank you.
>
>
> Ruth E. Bennett
>
> *
> *
>
>
> _______________________________________________
> Lnc-business mailing list
> Lnc-business at hq.lp.org
> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>
>
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