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

[Dianna Visek]

I vote yes.

Dianna



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
>
>
>
>
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>