CDSL 24-01 Responsible Estate Management Act
Rationale:
In the Confederation of Democratic Sims, it is the responsibility of the CDS government to ensure that the estate is financially managed in a responsible manner with an overall goal of keeping CDS in the black.
Tenancy fluctuations and long term vacancies can negatively impact the financial health of the estate. This bill establishes parameters for selling a CDS region if it remains vacant, in the red and a financial liability.
1. If a region in the CDS fails to generate more than 75% of its monthly tier expense for more than three consecutive months, the Chancellor is empowered to take steps to sell the region, if he /she deems it in the best financial interests of the CDS.
The Chancellor will determine the sale price of the region based on the average market sale price for regions of that type at that time.
2. The Chancellor must give 30 days notice to all CDS citizens of the intention to sell a region both on the CDS forum and in an in-world CDS group notice.
3. The Chancellor must give 30 days notice of the sale to all citizens of the region via notecard. In the case of group owned land, the Chancellor will provide notice via notecard to the group owner.
4. Citizens of the region being sold are responsible for abandoning their land and taking refunds of their tier balance from the tier meters before the date of the sale.
5. Available parcels in the region that is scheduled for sale will remain available for lease during the next 27 days making it possible for residents to purchase land and generate revenue for the sim.
The RA has the authority to convene a session and override the Chancellor’s decision by a majority vote within 29 days of the Chancellors announcement to sell the sim.
6. Three days prior to the sale date, the Chancellor will review the financial status of the sim and post his/her findings to the CDS Group inworld and on the CDS forum.
If the sim generated at least 75% of its monthly tier expense, the sale of the sim will halt.
If the sim did not generate at least 75% of its monthly tier expense, the Chancellor will announce his/her intentions to sell the sim or not in the CDS Group inworld and on the CDS forums.
On the scheduled date of sale, the Chancellor will clear the region completely of all objects before placing the region for sale.
7. The Chancellor can confer the responsibility of clearing the region on a CDS estate manager.
8. At the Chancellor’s direction, Rudeen must place the region up for sale in the For Sale By Owner group. The Chancellor is responsible for writing up the text for the sales notice and for giving it to Rudeen.
9. Money from the sale of the region shall remain in the general CDS account (Rudeen).
10. Neufriedstadt is excluded from this act. Given the history of the region and the significance to CDS, Neufreidtadt will remain until it is no longer able to pay for itself or SL service ends.
If the region meeting the criteria as laid out in section one of this act is one of the grandfathered sims: Neufreistadt, Colonia Nova or Monastery then an extra-ordinary session of the RA will be convened to decide which sim is to be sold.
Be kind, for everyone you meet is fighting a hard battle.
Ian Maclaren