[Lnc-business] Revised motion
Starchild
sfdreamer at earthlink.net
Sun Nov 25 01:16:08 EST 2012
Dan,
Can you as the author of this motion provide clarification on the matter I raised below?
Love & Liberty,
((( starchild )))
At-Large Representative, Libertarian National Committee
On Nov 24, 2012, at 1:02 AM, Starchild wrote:
> 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 24, 2012, at 10:11 PM, Daniel Wiener wrote:
> Norm, there unfortunately was some confusion from the Secretary's emails, but the motion which garnered four sponsors for an email ballot is shown below in red bold italics. This is the correct and final version, and it is the only motion which has been properly sponsored. The Bylaws require that a motion which is sponsored by at least 1/5 of the members of the committee (i.e., at least four members) be sent out for an electronic mail ballot.
>
> Dan Wiener
>
> 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.
>
>
>
> On Sat, Nov 24, 2012 at 9:35 PM, Norm Olsen <region1rep at donedad.com> wrote:
> I must suggest that the motion upon which many people seem to be voting on is not an official motion. There are several versions of “this motion” which are floating around with this added here, and/or that and something else deleted there. I have no idea as to which of the several versions of this motion is that which garnered the appropriate 4 co-sponsors. I suspect that the co-sponsors probably don’t know either.
>
>
>
> This mayhem is precisely the type of confusion which reigned in December of 2011 when the LNC refused to buy a building (in fact a simple majority could not be achieved when 2/3’rds was required). Of course, this failure to buy a building was blamed on some adverse “factional conspiracy” acting against the true best interests of the party.
>
>
>
> For God’s sake: If you’re dead set on buying an incredibly expensive building, in the most expensive real estate market in the nation, using a mail ballot procedure, using a motion which attempts to bind future LNC’s to the whims and wishes of this LNC: at least get your homework done before you go to school.
>
>
>
> Norm
>
> --
>
> Norman T Olsen
>
> Regional Representative, Region I
>
> Libertarian National Committee
>
> 7931 S Broadway, PMB 102
>
> Littleton, Colorado 80122-2710
>
> 303-277-9967
>
> Norman.Olsen at lp.org
>
>
>
> "First they ignore you, then they ridicule you, then they fight you, then you win." -- Gandhi
>
>
>
> From: Lnc-business [mailto:lnc-business-bounces at hq.lp.org] On Behalf Of David E. Blau, Esq.
> Sent: Saturday, November 24, 2012 2:36 PM
> To: lnc-business at hq.lp.org
> Subject: Re: [Lnc-business] Revised motion
>
>
>
> On behalf of Region 5N, I am proud to vote YES on this motion.
>
>
> David E. Blau, Esq.
> Chairman, Libertarian Association of Massachusetts. chair at lpmass.org
> Region 5N Alternate, Libertarian National Committee. David.Blau at lp.org
> www.lpmass.org | www.lp.org
> 617.396.4253
>
> On 11/23/2012 11:21 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 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
>
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