[Lnc-business] Mail Ballot on HQ purchase

[Starchild]

	My vote on the revised motion remains no. Indeed this revised motion begs the questions of precisely *who* will have the authority to incur a mortgage. The language of the new added paragraph suggests that if this passes, *someone* will be empowered to select a building and take out a mortgage on it without any further input from the LNC. That doesn't seem right to me.

Love & Liberty,
                                 ((( starchild )))
At-Large Representative, Libertarian National Committee


On Nov 23, 2012, at 8:21 PM, Daniel Wiener wrote:

> The motion shown below is still missing the final paragraph, which reads:
> 
> 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.
> 
> Therefore, the entire motion is as follows:
> 
> 
> 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.
> 
> 
> 
> Daniel Wiener


On Nov 24, 2012, at 12:49 AM, Starchild wrote:

> 	I vote no. I don't think we have given due consideration to possibility of locating the office somewhere other than Washington D.C., and I don't see anything here about looking for a space with the qualities that I believe we ought to be seeking in an office (activist/community-oriented, high visibility, easy access, etc.)
> 
> Love & Liberty,
>                                 ((( starchild )))
> At-Large Representative, Libertarian National Committee
> 
> 
> On Nov 23, 2012, at 7:16 PM, Ruth Bennett wrote:
> 
>> Daniel Wiener moves the following:
>> 
>> 
>> Motion to approve the purchase of an office in the greater Washington, D.C. area contingent on the following conditions:
>> 
>> 	• A minimum of 33% of the purchase price plus build-out 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 loan 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.
>> 	• A 2/3 majority of the LNC must approve the specific terms of the purchase contract and loan agreement on an up-or-down vote.
>> 	• 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.
>> 
>> Co-sponsored by Vicki Kirkland, Michael Cloud and Ruth Bennett
>> 
>> 
>> Please respond directly to this email.  Voting is open until DEC 3, 2012 at 11:15 PM EST.
>> 
>> Thank you!
>> 
>> Ruth E. Bennett, LNC Secretary
>> 
>> 
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> 
> 
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