Changes

Consuls

147 bytes removed, 02:04, 2 January 2018
/* Rent */ drop Consul references
==Rent==
The rent for space in the ConsulsMetcalfs' home was set at $2 for 2007, doubling each year thereafter. In practice it increased in a 1-2-5 sequence for the first few years, and there were exceptions made in the year that rent was paid monthly, thus in the tenth year of the contract (2016) the rent was $2000. It is expected that multiples of two will be more strictly applied in future.
The logic for the exponential payments is that at the time the first contract was signed, $2 was a significant fraction of Society reserves. The predictable increases were intended to give the Society both the incentive and the time needed to obtain a [[Headquarters]] outside the Consuls' home; not to impoverish or take over the Society (though should the Board fail to obtain a Headquarters, that would soon be the effect).
Consuls The Metcalfs have expressed a willingness to negotiate lower or no increases if the [[Board]] demonstrates concrete progress toward the goal of an independent Headquarters facility. To encourage this, starting with the 2016 contract, payment will was be split in halfinto two semi-annual payments; the first half due in January2018, and it was split into quarterly payments. This gives the second half due in July, giving Consuls Metcalfs the opportunity to waive half a portion of the fee annual rent if the Society — in their sole opinion — has made significant progress toward moving out in the first six months. In 2018, this was further subdivided into quarterly payments. Should the rent be thus reduced, the following year's rent would be twice the reduced amount. Thus continuous progress would result in freezing the rent.
Another proposal that has been offered would cap the rent at the annual revenue of the Investment Fund, provided that the Society deposit ten percent (10%) of gross revenues into the Investment Fund. This proposal won't be worthy of consideration until 2019, at which point it would offer measurable savings to the Society.
With the termination of the office of Consul at the end of While no longer associated with Consular duties after 2017, contracts will still need to be executed annually for Headquarters space in the Metcalfs' home. They intend to continue the fee schedule described above, including reductions in the event of significant progress by the Board toward moving out
==Official Duties==
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