<div>I will abstain.</div>
<div> </div>
<div> </div>
<div>Lee Wrights</div>
<div>Vice Chair</div>
<div>Libertarian Party</div>
<div><br><br> </div>
<div class="gmail_quote">On Mon, Nov 26, 2012 at 4:01 AM, Ruth Bennett <span dir="ltr"><<a href="mailto:bennettruthaz@gmail.com" target="_blank">bennettruthaz@gmail.com</a>></span> wrote:<br>
<blockquote style="BORDER-LEFT:#ccc 1px solid;MARGIN:0px 0px 0px 0.8ex;PADDING-LEFT:1ex" class="gmail_quote">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>_______________________________________________<br>Lnc-business mailing list<br><a href="mailto:Lnc-business@hq.lp.org">Lnc-business@hq.lp.org</a><br>
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