[Lnc-business] Mail Ballot on HQ purchase

Sat Nov 24 10:06:57 EST 2012

In lieu of a superceding vote by Region 3 Representative Jillian Mack, I  
vote no on this motion.

Sam  Goldstein, Chair
Libertarian Party of Indiana
LNC Region 3  Alternate
8925 N. Meridian St., Ste. 101
Indianapolis IN  46260
317-850-0726 Cell
317-582-1773 Fax
chair at lpin.org  Email

In a message dated 11/24/2012 4:02:50 A.M. US Eastern Standard Time,  
sfdreamer at earthlink.net writes:

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
>> 
>> 
>>  _______________________________________________
>> 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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