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

[Tim Hagan]

I vote yes.

Tim Hagan

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
>
> /*
> */
>
>
>
>
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