[Lnc-business] Revised motion

[Vicki Kirkland]

On Sat, Nov 24, 2012 at 11:02 AM, Vicki Kirkland <vickilp12 at gmail.com>wrote:

> I vote Yes as well.
> Vicki Kirkland
> Region 2 Rep LNC
> (Please Ecuse the previous typo)
>
>
> On Sat, Nov 24, 2012 at 10:52 AM, Daniel Wiener <wiener at alum.mit.edu>wrote:
>
>> I vote Yes on the motion with the corrected wording as shown below in red
>> bold italics.
>>
>> Daniel Wiener
>> Representative from Region 4/California
>>
>>
>> On Fri, Nov 23, 2012 at 8:21 PM, Daniel Wiener <wiener at alum.mit.edu>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 Fri, Nov 23, 2012 at 8:01 PM, Ruth Bennett <bennettruthaz at gmail.com>wrote:
>>>
>>>> Mr. Wiener informs me that I previously sent out an early draft and the
>>>> motion should read 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.*
>>>>
>>>>  As before, co-sponsors are Vicki Kirkland, Michael Cloud and Ruth
>>>> Bennett
>>>>
>>>>  Ruth
>>>>
>>>> _______________________________________________
>>>> 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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>>
>>
>
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