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

[Daniel Wiener]

In case that wasn't clear from my email address, this Yes vote is from
Daniel Wiener.

On Mon, Nov 26, 2012 at 7:11 AM, Daniel Wiener <wiener at alum.mit.edu> wrote:

> I vote Yes.
>
> On Mon, Nov 26, 2012 at 2:01 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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>> Lnc-business at hq.lp.org
>> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>>
>>
>
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