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Motivation and Rationale: The Foundation of CityDAO Proposal Discussion: CIP-28 on Discourse

Details / Specification

• Create a new CityDAO Council that replaces the Core Team
• Staff the inaugural Council with 20 members:
  • Anyone from the core team that wants to accept a temporary declaration of commitment
    • Core team is currently 10 members
    • Commitment declaration to be drafted separately
  • 5 are elected immediately by Citizens
    • All candidates must be CityDAO Citizens.
    • Election will be coordinated by the Council to conclude in less than 30 days
  • Remaining (after elections) are appointed by the Council at their discretion.
    • Appointed members must be CityDAO Citizens (hold a Citizen NFT)
• The Council will have 30 days (after election) to
  • Ratify the CityDAO Charter (previously referred to as the Constitution)
  • Implement the DAO LLC Operating Agreement
  • The Council will have the power to put the Charter and Operating Agreement into effect WITHOUT any further approval from Citizens.
• The inaugural Council will focus on nothing else until the Charter and Operating Agreement are in-place.
• The Council will have 30 days (after elections conclude) to ratify both a CityDAO Charter and DAO LLC Operating Agreement. If they fail to do this the Council will be automatically dissolved.
• Current multisig signers will NOT turn over or modify the multisig in any way until BOTH a CityDAO Charter and DAO LLC Operating Agreement are in place.
• Council positions will be limited in term with exact details to be part of the CityDAO Charter.
• If a council member leaves before the Charter and Operating Agreement are in effect an election will be held to replace them.