This proposal authorizes CityDAO to place an offer of up to $125,000 (up to approx 38% of the CityDAO treasury) on a parcel of land.
Over the last few weeks, we have been discussing optimal criteria for selecting a land parcel. This included distance to an airport, maximizing freedom of zoning, ease of access via road, and available resources like water and power.
Wondering if we need to increase the $125,000 since that’s exactly what parcel 6 is, knowing there will be broker fees, taxes, etc. Difficult to get exact though. Maybe it’s an authorization of $140,000 or a better estimate from our broker of total out the door costs?
do more (or some) explorations exploring Opportunity Zones within Wyoming. This is a topic I have regularly brought up since participating in Community Call #8 and following.
Have more conversations with “DeFi Players”, legacy financial institutions, etc to see if we may be able to increase the $$ amount (instead of paying 100% using treasury funds, utilize leverage … most land deals involve leverage in some manner).
I agree w/ alexthims regarding increasing cap due to unforeseen closing costs. I’m ready for a snapshot vote but this one somehow slipped under my radar, don’t remember it being formally mentioned (doesn’t mean I didn’t miss it.)