View source for Vote To Create Building Fund

==Sponsors==
* Andrew Wingate
* Jennie Plasterer
*Lyn Cole
*CrazyUncleDave


==History== 
* Mailing List Announcement: 8-27-24
* Officially Proposed: 9/3/24
* Voting Closed: 9/10/25 (Result: Yes)

==Background== 

We have 18 months remaining on our lease. Our landlord is not interested in renewing it. He has offered us the opportunity to purchase. The asking price is $1.3 million. Negotiations are ongoing.

We believe purchasing the building is the best option to continue PS1's existence. The landlord is generously willing to owner finance the building for a period of 3 years, with a down payment of 20% ($260k).  

Our goal is to raise $300k for down payment and related expenses. Realizing this objective will require dedication and mindfulness. Our current financial trajectory will not accomplish this goal; change is necessary.  
*Member dues will need to be raised.
*Member votes will need to be considered carefully.
*Extraneous spending in areas will need to be reduced.


We propose authorizing the Treasury Team to direct $15k a month to a Building Fund designed to position us for building purchase, moving expenses, or whatever other solution we can devise in the coming months.
==Language== 

The membership authorizes the Treasury Team create and direct $15K a month into the Building Fund. The Building Fund is designed be spent on building purchases and building-related expenses. A vote of the membership or board of directors can undo this.




[[Category:Votes]]

[[Category:2024 Votes]]