[Noisebridge-discuss] New space?

[Christie Dudley]

Wow, that's thorough.  But I'd like to point out a few corrections.

I believe we got pledges to cover all the new expense.  I remember at the
end, there was a comment about needing something to cover electricity or
somesuch and someone came up with that as well.  I'm not absolutely
positive.  It was a very exciting event.  Even a tote bag was offered for
members who donate at some level.  I do not believe the tote bag has been
claimed.

There was talk about having the new lease coterminous with the current
lease, causing them both to be up in September.  Naturally, this would be
preferable to extending our current lease in the event we want to move to a
different space sooner rather than later.

Oh, and we're also making a list of people who are not members but should
be.  If you're on this list and not a member, give it a thought, even at the
new "associate member" level.

Christie

On Wed, Apr 1, 2009 at 7:56 PM, Andy Isaacson <adi at hexapodia.org> wrote:

> On Wed, Apr 01, 2009 at 07:30:42PM -0700, Jonathan Foote wrote:
> > Hey, for folks who couldn't make the meeting last night, can someone
> > summarize what happened, specifically regarding a new space?
>
> At the meeting 2009-03-31 we discussed the possibility of renting
> additional space at 83 Wiese.  Currently 83A is available.  We would
> prefer to expand into 83D but the tenant there is still present.
>
> Our most excellent treasurer, Mitch, pointed out that we have
> approximately $9k in the bank after paying April rent (but before the
> rest of our April expenses).  This is approximately 3 months of
> operating expenses at our current run rate, which meets his minimum
> comfort level.  If we double our space it will approximately double our
> rent, electricity, and cleaning, but won't affect our other expenses
> much (Internet primarily).  So we estimate that we'd need about $15k in
> the bank for Mitch to be comfortable increasing our burn rate.
>
> Several people took this as an opportunity for an impromptu fund drive,
> and offered to make lump sum donations to meet this $15k goal.  I
> believe we came very close, the last number I heard was $5400 in
> commitments leaving us around $600 short.
>
> As a result of this fundraising Jake and I are contacting the landlord
> to explore our options.  The options under consideration include
>
>  * discounted rent due to economic conditions
>  * free months of rent
>  * coterminating leases at 83C and 83A (either 6mo or 12mo from now)
>  * offering to move the tenants currently in 83D to 83A so that we can
>   have contiguous space
>
> We could also move to another space elsewhere than 83 Wiese, but for the
> moment expanding at 83 seems like our best bet.  (We do have a lease on
> 83C running through September 2009 and given that the landlord has an
> open unit she's probably not going to be very happy to agree to break
> the lease -- and getting taken to small claims court for breaking the
> lease is neither excellent nor fun.)
>
> Finally, can we actually afford another $2500/mo in burn rate?  Assume
> that we start paying $2500 extra in April 2009 and we do not increase
> our income at all (so we continue to take in $3000/mo as we did in
> February and March).  Then we'll burn through our $15k nest egg in 6
> months.
>
> In order for this to work, we need to raise our input by $2500/mo before
> that line hits 0.  The sooner we can start getting more income, the
> slower we burn through the nest egg.  To that end, we signed up 8 (!)
> new members last night.  There are 20 (!) prospective new members in our
> Membership Binder.  Depending on the mix of Starving to Employed
> hackers, that's an additional $640 to $2240 per month, so call it $1200
> round numbers -- not all of those 20 will materialize.
>
> So on top of those, we need another 20-odd members to break even.  At
> these rates, that doesn't seem unlikely.  Remember, it was only 6 months
> ago that we *rented* 83C, and look where we are now.
>
> -andy
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>



-- 
I refuse to give up childish things.
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