Mr. Wiener informs me that I previously sent out an early draft and the motion should read as follows:<br><br><p style="margin-left:40px" class="MsoNormal"><b>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:</b></p><p style="margin-left:40px" class="MsoNormal"><b><br></b></p>
<ul style="margin-top:0in;margin-left:40px" type="disc"><li class="MsoNormal"><b>A minimum of $400,000 shall be raised
from dedicated contributions.<span> </span>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.</b></li><div class="im"><li class="MsoNormal"><b>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.</b></li><li class="MsoNormal"><b>The most recent financial statement
reported unrestricted general fund balance must exceed $167,000 before a
purchase contract and loan agreement are finalized.</b></li></div><div class="im"><li class="MsoNormal"><b>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.<span> </span>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.</b></li></div></ul> As before, co-sponsors are Vicki Kirkland, Michael Cloud and Ruth Bennett<br><br> Ruth<br>