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

[Arvin Vohra]

I vote no, as the 40% down seems excessive.

-Arvin

On Mon, Dec 3, 2012 at 1:25 PM, Mark Hinkle <mark at garlic.com> wrote:

>  I vote no.
>
> FYI....................Mark Hinkle,
> LNC At-Large & Retired LP Chair
>
> "It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men."
>                                             - Samuel Adams
>
> On 11/26/2012 2:01 AM, Ruth Bennett 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
>
> *
> *
>
>
>
> _______________________________________________
> Lnc-business mailing listLnc-business at hq.lp.orghttp://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>
>
>
> _______________________________________________
> Lnc-business mailing list
> Lnc-business at hq.lp.org
> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://hq.lp.org/pipermail/lnc-business/attachments/20121203/3101a696/attachment-0002.html>