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

[Scott L.]

"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"

 

 

I vote No.


  Scott Lieberman

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