[Lnc-business] E-MAIL BALLOT: Revised Hinkle motion to purchase a building (2nd ballot currently open)

[Scott L.]

"SUBJECT:  E-MAIL BALLOT ON REVISED HINKLE MOTION TO PURCHASE A BUILDING

Text of 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 F. Nolan, contingent on
the following conditions: 

*	A minimum down payment of 20% 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.
*	The monthly payment of principal, interest, and OTM (Overhead,
Taxes, and Maintenance) shall not exceed 75% of our current lease payments
at the Watergate complex.

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.

The final decision on what property to buy shall be approved by the LNC's
Executive Committee by a majority vote once the above conditions are met."

 

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If nobody has voted yet, I think it would be helpful to change the first
sentence in bullet point 1 to:

 

     A minimum down payment of 20% of the purchase price shall be raised.



        Scott Lieberman 

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