I vote no, as the 40% down seems excessive.<div><br></div><div>-Arvin<br><div><br><div class="gmail_quote">On Mon, Dec 3, 2012 at 1:25 PM, Mark Hinkle <span dir="ltr"><<a href="mailto:mark@garlic.com" target="_blank">mark@garlic.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div text="#000000" bgcolor="#FFFFFF">
<div>I vote no.<br>
<br>
FYI....................Mark Hinkle,<br>
LNC At-Large & Retired LP Chair<br>
<pre cols="72">"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</pre><div><div class="h5">
On 11/26/2012 2:01 AM, Ruth Bennett wrote:<br>
</div></div></div>
<blockquote type="cite"><div><div class="h5">Since there seems to be some confusion, let's try this
again:<br>
<br>
Daniel Wiener makes the following motion:<span style="background-color:rgb(0,0,0)"><span></span></span><br>
<br>
<br>
<p style="margin-left:40px" class="MsoNormal">
<span style="color:rgb(255,0,0)"><i><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></i></span></p>
<p style="margin-left:40px" class="MsoNormal"><span style="color:rgb(255,0,0)"><i><b><br>
</b></i></span></p>
<ul style="margin-top:0in;margin-left:40px" type="disc">
<li class="MsoNormal"><span style="color:rgb(255,0,0)"><i><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></i></span></li>
<div>
<li class="MsoNormal"><span style="color:rgb(255,0,0)"><i><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></i></span></li>
<li class="MsoNormal"><span style="color:rgb(255,0,0)"><i><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></i></span></li>
</div>
<div>
<li class="MsoNormal"><span style="color:rgb(255,0,0)"><i><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></i></span></li>
</div>
</ul>
<p style="margin-left:40px" class="MsoNormal"><span style="color:rgb(255,0,0)"></span></p>
<p style="margin-left:40px" class="MsoNormal"><span style="color:rgb(255,0,0)"><i><b>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.</b></i></span></p>
<p style="margin-left:40px" class="MsoNormal"><br>
<span style="color:rgb(255,0,0)"></span></p>
<p style="margin-left:40px" class="MsoNormal">This motion is
co-sponsored by Vicki Kirkland, Michael Cloud and Ruth Bennett</p>
<p style="margin-left:40px" class="MsoNormal"><br>
</p>
<p style="margin-left:40px" class="MsoNormal">Voting is for 10
days so will end at 5AM EST on December 5, 2012.</p>
<p style="margin-left:40px" class="MsoNormal"><br>
</p>
<p style="margin-left:40px" class="MsoNormal">Please respond
directly to this email.</p>
<p style="margin-left:40px" class="MsoNormal"><br>
</p>
<p style="margin-left:40px" class="MsoNormal">Thank you.</p>
<p style="margin-left:40px" class="MsoNormal">
<br>
</p>
<p style="margin-left:40px" class="MsoNormal">Ruth E. Bennett<br>
<span style="color:rgb(255,0,0)"></span></p>
<p style="margin-left:40px" class="MsoNormal"><span style="color:rgb(255,0,0)"><i><b><br>
</b></i></span></p>
<br>
<br>
<fieldset></fieldset>
<br>
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</pre>
</div></blockquote>
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