If you are willing to chip in towards the $3102 in one-time costs that we are pondering now for our new hosting set-up, either through a donation, a loan/bond, or some other scheme of your own devising, then please record here your name and the details of your offer.
AdamChlipala is willing to make a donation towards this if a few other people agree to split the costs evenly. He'd also probably waive his right to interest payments if a bond-based scheme ends up being the clear winner.
FrankBynum is willing to make a donation as well, though would prefer to defer his payment until the end of August when his student loans come through. He could pay now if necessary, though. He would similarly waive interest payments, and is intrigued by the bond setup if there is enough support for it.
ShaunEmpie is a fan of the bond scheme, but will also go with a no interest loan if the bond idea does not fly. The amount of the loan is TBD.
TerrenceBrannon is willing to make a donation fo USD $50.00
AndreKuehne is willing to make a donation of $50.
NathanKennedy is willing to indefinitely keep his ~$450 balance already on deposit with the co-op, and make an additional $240 interest-free loan, to be paid back into his account in 24 monthly installments of $10. Additionally, he is willing to donate the first year of renewable energy credits, suggesting CoolWatts from NativeEnergy—i.e. the co-op would sign up to have the funds debited from its checking account, and for the first year for this to be debited in turn from ntk's balance.
This idea of paying for clean energy was discussed in a previous thread. I am mistaken about what the outcome was? My understanding was that the co-op was not going to do this and it was going to be strictly a donation by you. By the way you've worded your statement above it sounds like the co-op will pickup this cost after the first year. I am not in favor of this plan. Especially now, as the topic is how to pay off debt I don't believe any unnecessary cost (regardless of how small) should be added to the pile of bills. I hate to be the bad guy in all of this but if this is your intention can we please move this topic outside of the discussion of how to pay off our bills. Before the donation turns into a cost to the co-op it should be brought up as something that is voted on by the members. -RobGubler
TanveerSingh is willing to put in 200$ as an interest free loan, paid back over 20 months. This loan may be adjusted in his monthly payments to the coop if so desired
JeffreyDrake is additionally concerned about the idea of the cooperative getting into this much debt. The current funds are dictated by what the members put in. The members put in based on service costs. I can see this being a problem for payback later on, possibly even if it is by paying back in service credits (the money still has to come from somewhere and it is starting to appear like there will be quite a few members being creditors).
How is this so much debt? We already have over $2000 in cash. It looks like we will be financing at most $1500 in member loans. Even at our current size that is only $22 per person! The idea is that more members will join after the migration, at least twice as many, hopefully we will triple our size before too long. Which would make it about $7.50 per person, paid back over about two years. I think financing through loans, especially cheap or free loans from members which are a much better deal than we could get in the open market, is more responsible, sustainable and sensible than billing the co-op outright at this point. Would you really prefer billing everyone $47 right now? --NathanKennedy
[Instead of doing this, I've opted to increase my shares, since it will only be for a few months] MichaelOlson is willing to donate a yet-undetermined amount (not exceeding $400) for the one-time costs when our purchasing plans are finalized.
MatthieuSozeau is willing to make a donation of $50.
RobLinwood is willing to donate upto $300 for financing.
BillAllen is willing to donate up to $50, plus make an interest free loan of $200 or so as described by others above.