Summary:

With the departure of myself and David, who have historically kept the DAO in compliance, paid taxes, and maintained the off ramps, I believe now is the time to return the CityDAO Treasury funds to Citizens pro-rata.

After failing to pass 7+ proposals 4, I see no path forward for us to agree on a reasonable way to spend the money, and keeping millions of dollars in a multisig leaves it vulnerable especially over a long period of time with multisig members cycling in and out.

I will be leaving the multisig, closing the bank accounts, off ramps, and CityDAO social media accounts, discontinuing to pay taxes our properties, and completely removing myself out of the operation of the DAO.

The most responsible path forward is to return the funds to the Citizens who contributed them.

The claim will be about $320 per NFT according to my napkin math from this post 10, but that is heavily dependent on ETH fluctuations.

Implementation:

Upon passage of the CIP, any Citizen may volunteer to be a part of the Return of Funds Task Force. They will decide on an implementation mechanism and have a budget of $3,000 to develop and audit a smart contract as necessary and pay legal fees for any research needed into dissolution.

The most likely scenarios are either an airdrop to return the funds or a smart contract that lets Citizens claim their share of funds are options.

TImeline:

Upon passage of the CIP, the Return of Funds task force will convene and develop a mechanism to return funds and initiate the process within 30 days.

I propose we start the world’s first crowdfunded compute cluster in Wyoming to take part in the AI revolution and earn income for the DAO.

TLDR

It’s time to do something big to bring CityDAO back to the forefront of the conversation and bring new life and energy to the DAO, and we are uniquely positioned to pull off building a large cluster of GPUs in Wyoming.

We have capital, land, and a Wyoming-based legal entity. And at ~6 cents per kWh, Wyoming has just about the cheapest electricity in the states, making it the perfect place to do this.

Budget:

Total proposed budget: $600,000 USD

• $500,000 - Purchase 300 Nvidia GeForce RTX 4090s (and potentially other GPU types)
• $70,000 - Servers, equipment, other setup costs
• $30,000 - Legal and misc expenses

Business Model

I believe this could generate about $30k / mo for the DAO treasury. Here is the full breakdown of the unit economics 27.

Upon passage of this proposal, Scott will lead implementation of the effort, setting up a fund with CityDAO LLC as the main limited partner and Scott (and potentially others at his discretion) as a General Partner. The DAO will spend $600k for shares in the new fund, and be paid quarterly dividends from the operation of the GPUs. The fund will have a standard 2/20 management fee model. The GPUs will earn revenue by being put on Runpod or a similar service.

Benefits to CityDAO

• A consistent income source for the treasury. These GPUs have an estimated payback period of 12 months and after that generate mainly profit.
• Status and reputation - the first cluster will be called the CityDAO Compute Cluster, and as the first crowdfunded compute cluster will be a hit on Twitter and a real contribution to the AI and crypto communities.
• Compute - having a bunch of compute is cool - we can let citizens use it at a discount and even train our own models on it.

Benefits to Citizens

• Access to a CityDAO Compute Cloud shared server Citizens can use to do things like host websites, run code, etc.
• Potential for discounted or free compute allocation (depends on the economics and will be considered depending on how fast the GPUs are paying off)

Why should we do this?

• Timing - This is the perfect time to start the world’s first crowdfunded GPU cluster.
• New energy and purpose - CityDAO needs an ambitious new project to rally around. The DAO can build tooling and projects around the cluster. Maybe we can all go to Wyoming and visit!
• Wyoming connections - We are uniquely already set up to operate in WY and I recently got connected with a Wyoming-based datacenter with just about the cheapest electricity anywhere - 6 cents per kWh that set up all the infrastructure to run GPUs.
• Future of AI - Demand for compute is projected to increase a lot over the next decade.

Risks

• I want to be transparent that it’s hard to predict the future and demand for compute or our specific GPU type could decrease.
• One reason 4090s are so appealing is they are underpriced in the market because Nvidia’s terms of service require they be used by consumers, not in data centers. One large risk here is that they somehow start enforcing this provision.
• AI may be in a bit of a bubble and demand for compute could decrease.

Updates - 2/13/24

• I’m lowering the ask to $600k - still enough to start up the cluster and run the experiment and a much smaller percent of the DAO treasury
• At the time the cluster goes live, Citizens will each get a free CityDAO Compute NFT to commemorate the moment.

Updates - 3/5/24

• Location: Upon passage, we will do a search for the best data center with the cheapest electricity pricing instead of being tied to Wyoming. For example, states like Texas and Arizona might be better since they have more data center infrastructure already built out.
• Marketing reel: We will take videos and create a marketing reel documenting the process to post on Discord and Twitter

Update - 3/8/24

• Added Risks section
• Added Citizen Benefits section
• Diversify beyond 4090s and purchase other GPU types

Overview

This CIP seeks to reimburse MemeBrains for 2,014.65 USDC of expenses he incurred while establishing a CityDAO presence at ETH Toronto earlier this year, August 2023.

Here is the One-Page Summary Report for CityDAO at ETH Toronto (https://docs.google.com/document/d/1kYP4WRE-k6dijiegOvPmntxfynWpMzPkOCGSu1nKYmM/edit) including details on the DAO panel with 100+ attendees, the Bankless DAO after-party collaboration with 75+ attendees, the CityDAO event banner, event badge minting, video interviews with attendees and other photos/videos for social media sharing and branding purposes, and more.

Here is the Master Folder for all ETH Toronto event files 2 including photos, videos, budgeting etc. https://drive.google.com/drive/folders/16a13CAaDaEkSKWTQq9rDYuen9BoSZmsm?usp=sharing

Here is the Costs Detail Breakdown (https://docs.google.com/spreadsheets/d/1iquuxOrWS6pI_xtQ2yXSVBGfMPmsSvuxRdDTqtA85c0/edit#gid=0) for the 2,014.65 USDC of expenses sought to be reimbursed. Note that the expenses sought to be reimbursed from this CIP are for physical out-of-pocket expenses only. None of the funds requested for in this CIP are for his personal time as this was a volunteer based initiative.

Background

CityDAO has participated at numerous major events in the past such as Permissionless, ETH Denver, DCentral, and more. Participating at these events provides benefits such as; potential recruitment of new contributors, credibility in the ecosystem, IRL meeting points for CityDAO Citizens to get to know each other better, in-person meeting and strategy sessions for Citizens, social media content, and more.

MemeBrains used to have a small event production company from his early entrepreneurial career and produced approx 12 events for the Toronto small-business community ranging from 50ppl - 500ppl in size. He volunteered himself to carry out this initiative for CityDAO.

TLDR

The Institute for Research and Theory Methodologies (RTM) is an American non-profit organization (501c3) founded in 2021 to help promote research and scholarship. This proposal seeks $9,990 for a three-year sponsorship for RTM to create a Research Hub and the world’s first peer-reviewed, open access DAO-related journal (official name TBD). As a sponor, the benefit to CityDAO could be enormous – leading scholars, government think tanks and research institutions with huge communities around the world would be introduced to CityDAO. RTM will create and run the journal. We will benefit from its marketing and advertising CityDAO.

How would this benefit CityDAO?

Simply put, this is the best form of marketing that CityDAO could possibly ask for when it comes to recruiting researchers and institutions. Establishing CityDAO as a sponsor for scholarship on DAOs opens us up to an enormous potential group of citizens and participants that we could not possibly find within the web3 ecosystem. The people reached by this project will be highly-educated adults and industry leaders, those with the funds and the understanding to make real contributions to CityDAO rather than those who are just motivated by the NFT prices and the hope of a quick profit. In addition, we can be assured of quality because this journal is being run by RTM, a group of well-published scholars and academic professors with over twenty years’ experience.

What is a Peer-Reviewed Journal?

In the world of legitimate academic research, only peer-reviewed journals matter. This is a harsh but true statement. DAOs operate in a world of blogs, mirror articles, YouTube videos, Twitter posts and various centralized servers. While they serve a purpose, none of these have true validity in the world of scholarship, research and government funding. A peer-reviewed journal is the gold standard.

Peer-reviewed journals publish studies that have been reviewed by academics, in order to create a body of knowledge that is accepted by professors, universities, and institutions around the world. While web3 has produced an endless waterfall of information, very little of it has been rigorously studied and published. As one of the most legitimate DAOs in existence, CityDAO is perfectly poised to sponsor a journal on DAOs. While there are very few journals devoted to blockchain and AI, there is nothing yet devoted to DAOs.

It is extremely complicated, bureaucratic, and time-consuming to create a peer-reviewed journal. It is similar to creating a university; it cannot be done by the average person, which is why this is such a tremendous opportunity. I have worked with RTM for over a year on DAO-related research and this opportunity would put us in contact with many of the most highly placed individuals who are studying DAOs. It would put CityDAO’s name into the minds of highly funded government and research institutions around the world.

But this isn’t web3, is it?

Much of the initial hype and notoriety regarding CityDAO was due to a single blogpost by Vitalik Buterin and the subsequent purchase of citizenship NFTs by a few celebrities. This was followed by news stories in traditional media sources, such as the Wall Street Journal, and a TED talk by CityDAO’s founder.

Since then, despite two years of development, working on various projects, hosting events and contests, participating in conferences, teaching university courses, maintaining partnerships and collaborations, running a consistent podcast, publishing twitter posts and monthly newspapers, nothing has significantly drawn people to CityDAO. Our community has not strengthened. Our Discord server is not an exciting place.

The bear market could be blamed, and may have contributed, but a possible issue is that we have only targeted the web3 community. In web3, while some people care about ideals such as decentralization, transparency and disrupting traditional paradigms, many people only care about NFT prices. However, a focus on price without value will never flourish.

One thing we have learned is that people must be attracted to our ideas and to our community, or else no one will want to join or participate, whether we buy one office or twenty. RTM is presenting an opportunity to join forces with researchers from around the world who study DAOs, each of whom brings with them a wide audience. This is a one-time opportunity.

Background to RTM

The Institute for Research and Theory Methodologies (RTM) was founded in 2021 by Dr. Kara Vander Linden, who has been a research professor for 20 years, working at Saybrook University in California for almost 12 years. The purpose of her organization is to train, mentor, support and connect students, faculty and researchers worldwide. As a relatively new organization, RTM is willing to partner with a smaller organization like CityDAO to focus on research about the DAO space. I have personally worked with RTM and Kara for over a year (unpaid), and have found the organization to be well-organized and run.

How would the funds be used?

Journal Fees: $1500 per year. For three years, that would be $4500. Operating Costs: $1000 per year. For three years, that would be $3000. Honorariums: (given to Editor-in-Chief, Assistant Editors, Copy Editors) $2990

Given that this is funding for a three-year project, this project may seek funding from other sources in addition to CityDAO.

If this passes, the funds will be transferred into a 3/5 multisig wallet controlled by two members of CityDAO and three members of RTM. All expenditures will be documented.

Schedule

From the time of this CIP passing, it will take approximately 6 months to get the research hub and journal platform set up, establish an ISBN number for the journal, handle administration, recruit and train peer reviewers. Then a call for articles will be put out, which will go through the peer review process. It would be approximately one year before the first edition is published, which will be properly ranked as an official academic journal. These steps are critical for the long-term success of this project.

TLDR

This proposal has 3 main fuctions:

1. Adjust Quorums
2. Hold Elections for City Council
3. Establish a Complaint Process

Category - Governance Criticalness - High Impact - High (All members of DAO will be affected) Duration - 6 months Quorum - 500 votes counted as 1 NFT = 1 vote Budget - 46,800 (+ bonuses up to $18,000)

The three goals are explained in more detail below:

--Adjust quorums--

Currently, the way votes are counted for quorum is 1 NFT = 1 vote. After a year of governance, CityDAO contributors have realized that it makes no sense for quorum to be the same for $11K and for $2 million, and it makes no sense that a non-financial vote has the same quorum as a CIP for $2 million. The new proposed system would still count 1 NFT as 1 vote for quorum with the following amendments:

1 vote = 1 quadratically-counted NFT An algorithm will be used to determine the quorum for different request amounts. An algorithm will be used to determine the voter approval rating

Quorum Algorithm: 50 + [1/2 * (sqrt $Ask)] Voter Approval Rating Algorithm: 66 + 24 ($ ask / treasury)

• To amend the Charter will require a quorum of 200 counted quadratically. Currently, it takes 1000 votes counted non-quadratically to amend the Operating Agreement (OA). This CIP does not intend to alter or amend the OA. This includes NOT changing how votes are counted for altering or amending the OA. They will be counted non-quadratically as 1 NFT = 1 vote.

--Hold Elections for City Council--

This CIP will create elections for seven (7) members of City Council. Within one week after elections are completed, the Council will choose one (1) individual from inside or outside the Council to serve as the Executive Facilitator (EF). If a member of the Council is chosen as the EF, then the remaining Council members will choose one additional member.

The EF will be a separate position and is not in the Council. The Council delegates the authority to the EF. The EF does not vote in the Council. The EF will be in charge of the day-to-day administration and operational execution, while the City Council is in policy setting and strategic direction. The Council may determine the authorities of the EF. The Council may not interfere in the EF’s authorities except if the EF is incapacitated. The Council are the decisions makers and the EF handles implementation.

The EF will have the following powers and authority:

• Implementation of projects, including resource availability and oversight
• Handle relationships with outside counsel
• Handle mailing address, copyrights, trademarks, legal formalities
• Handle relationships with CPAs for bookkeeping and taxes
• Any powers and authorities delegated by a majority vote of the City Council

The City Council will have the following powers and authority:

• Appointment of Executive Facilitator.
• Possible hiring of an Ops Admin
• Appointment of Multisig Signers.
• Create advisory boards of citizens.
• Policy setting and strategic direction.
• Maintain or hire people to maintain the DAO tools
• Adopt its own rules of procedure and set the time and place of its official meetings.
• Provide for the prosecution and defense of legal causes on behalf of CityDAO and retain counsel and set their compensation.
• Establish and enforce regulations for behavior.
• Establish and enforce regulations for the resolution of disputes.
• Enter into agreements with other DAOs or entities.
• Levy and collect taxes, rents, lease fees and other sources of revenue.
• Make investigations of CityDAO affairs; inquire into accounts, records, and transactions of any CityDAO department, office, or officer; and, for these purposes, require reports from any project and the production of official records.
• Adopt rules and regulations necessary for the exercise of its powers and prescribe fines and penalties for the violation of ordinances in accordance with city law.
• Place questions or propositions directly onto Snapshot, when agreed to by 5 of 7 of the total membership of the City Council.

The City Council will appoint the eight (8) multisig signers. The role of the multisig signers is transaction execution and transaction evaluation. All multisig signers will undergo proper training to fully grasp the implications and responsibilities of being on the multisig. The multisig signers are responsible to check transactions, to check where the funds are being sent, and to follow all the requirements for a proper transaction for the protection of CityDAO. The key aspect of the multisig is that the signers be trusted members of the DAO.

Operations and Day-to-Day Administration

The City Council will help organize and delegate operational tasks, such as maintaining the meeting minutes, permissions, passwords, independent contractor agreements and contracts. The City Council will schedule weekly meetings at regular times, which will not be changed with less than 48 hours notice. Council members will each have the highest level of admin permissions on each of CityDAO’s tools, including but not limited to discord discourse, Twitter, Notion, Snapshot and Google Workspace. The Council will determine who else should hold any permissions or passwords.

CIP Template Creation and Management

In addition to formatting a template for CIPs, the City Council will help problem-solve and request additional information where necessary, to make sure that proposals further the mission of the DAO.

Transparency Dashboard

The City Council will require that, for quality, transparency and clarity, all CityDAO projects create a transparent and available document that provides all pertinent information on funding received, expenditures, milestones and benchmarks. This document will be written in plain English and will be available at all times to all citizens on the CityDAO website or Notion page. The Council will finalize the details of the process. This is not meant to punish people but to provide transparency. Project members must populate the dashboard in order to receive continued funding.

Election Method

If this CIP passes, there will be open elections for seven (7) City Council members, all with six-month terms that begin on the day the election ends. Any citizen may run for any position. A citizen may be on the City Council and the multisig simultaneously. There will be no hierarchy of members on the City Council.

To be elected, candidates must put up a platform statement on Discourse. All candidates will take part in a series of two (2) public debates with questions submitted in advance by any citizen, moderated and run by the Community and Media Guilds together. After the debates, separate ranked choice votes will be put on Snapshot. All elected members of the multisig and the City Council must be willing to be KYC’d.

Election Rules

• The election may not be used as an excuse to disparage the character of another member of the DAO.
• Candidates may not make pledges, promises, or commitments of any sort.

Compensation and Budgets

Multisig Compensation: The multisig signers will receive $100 per month each, regardless of who actually signs the transactions. This is meant to incentivize all members to pay close attention to the transactions, their purpose, destination, suitability and potential liability to the DAO.

City Council Compensation: 3 Citizenship NFT per month per councilmember; City Council will have a fund of 5 NFTs total per month to bring in talented individuals to the DAO. 4 of 7 vote required to give an NFT.

Executive Facilitator: The EF will receive $3K per month in compensation + a potential bonus of up to $3K per month based on performance from the City Council, and will have a budget of $24K over six (6) months and the authority to execute agreements.

• In an emergency event where CityDAO gets sued and is required to pay fees in excess of the funds in the City Council treasury, the City Council can put a CIP on Discourse and Snapshot concurrently, with no time limits required. Quorum will be however many people vote.

Removal

The multisig signers will have one week to sign or reject transactions. If a transaction is rejected, the signers must document reasons why and next steps within a reasonable time. If any of the multisig signers refuse to sign (2) or more transactions, they will be removed and the candidate who had the next highest vote will replace them. If there are no candidates left, a new election will be held for replacements or the City Council will choose replacements. The members of the multisig can vote off any member with a 5 of 8 vote.

If any of the City Council members miss more than three (3) meetings, they will be removed and replaced in the same manner as the multisig signers. The City Council can vote off any member with a 5 of 7 vote. The City Council can remove the EF at any time with a 5 of 7 vote. CityDAO Citizens can call for a removal or replacement of members of the multisig or the City Council or the Executive Facilitator with a CIP and a quorum of 50 votes. If a CIP is put up, it will be done with an anonymous “City Council” account so no one feels pressure to doxx.

--Complaint Process--

A complaint may subject the citizen to penalties up to and including a prohibition on offending parties from holding administrative positions at CityDAO or in CityDAO projects.

• Substance - What Constitutes a Complaint?

An allegation of wrongdoing related to projects, behavior, transactions, or violations of the rules at CityDAO.

• Process - How is a Complaint Dealt With?

Step 1 - Mediation by an individual who is agreed-upon by both parties.

Both parties must agree on an individual, preferably (but not necessarily) a CityDAO Citizen, who will hear both sides of the argument and attempt to mediate between the two parties.

Step 2 - Random jury (Randomocracy)

Complaints that reach step 2 will be heard by a Kleros court. In case of failure, the City Council can choose to use a randomly selected group of six (6) CityDAO citizens using the Chainlink Verifiable Randomness Function (VRF). If either party is not satisfied with the decision, they may appeal to a Kleros appeals court.

Both parties must write a complaint document. This complaint of wrongdoing needs to be complete and make specific allegations along with any evidence. Payment for “jury duty” is $50 per person. This jury of 6 people will make a binding decision based on the facts presented. The Executive Facilitator will enforce the result by initiating a resolution that will go to the City Council to handle the dispute accordingly.

CityDAO has continued to need basic support and business functions but unfortunately CityDAO did not properly plan for continuation of any responsibilities going into 2023. The need for these roles still exists, and Alex and Josh have continued to function in these roles informally due to their necessity and importance to DAO functioning. These contributors have continued to provide continuation services in their former roles in an unpaid capacity for the month of January 2023 and basic business operations are an ongoing function.

TEAM:

Alex (alexthims) – Bookkeeping & CPA Liaison Josh (j0sh I DAOvolution) – Compliance-Related Operations & Outside Counsel Liaison

PROPOSAL:

1. If a quorum of 250 is reached and this CIP is approved, the Team will use its best efforts to undertake the following “Basic” back-office business functions:

Three (3) month term commencing retroactively to January 1, 2023 and ending March 31, 2023 Continuation of Ongoing Compliance (Legal + Finance) Guild Responsibilities from Q4 2022 Maintenance of the CityDAO PO Box in Cody, WY (including any related fees if necessary) Services provided to CityDAO for basic back-office operation (legal + finance), including but not limited to: Sole Liaison with outside professional service providers (“PSP’s”) Basic bookkeeping record management General filings, property taxes, authority and/or signatures for procuring insurance policies (or as otherwise legally required) Sole Authority to manage the relationships with PSP’s, including any related/reasonable expenditures, with transparent backups supplied. Current PSP’s include: Lorenzo CPA, Montague Law (EthLaw), Burg Simpson (Parcel 0 and CityDAO agent) and Hathaway & Kunz Other PSP’s and software that may be necessary due to evolving nature of projects and DAO operations Retroactive compensation for the month of January 2023 - $1,650 USDC to each contributor Ongoing compensation for February/March 2023 - $1,650 USDC to each contributor Total Team Compensation: $9,900

2. Should this proposal: (i) fail to achieve twenty (20) “likes” on this discourse page, (ii) fail to meet quorum, or (ii) fail to be approved:

Should this CIP-142 not proceed for any reason other than withdrawal or abandonment by its proposers, it will be deemed to be a formal act of governance relieving Alex and Josh of their duties and assumed carry-over responsibilities from Q4 2022. Should this happen, the roles described herein will go unfilled, and the proposers will no longer be responsible for any of the above-mentioned responsibilities or any other responsibilities/duties with respect to the DAO. The proposers will be expressly released from any and all responsibility relating to the performance of these duties henceforth.

Miscellaneous Terms of CIP-142:

All payments will be made from the Main Treasury: 0x60e7343205C9C88788a22C40030d35f9370d302D

Payments initiated for or from this team will be queued to the Main Treasury using an appropriate method, including without limitation, a Utopia payment link including supporting documentation. The Multisig will execute such payments in a timely fashion, but in any event, no later than five (5) days after submission from the team.

If for any reason, the project Team must pay for a DAO-related expense, CityDAO will promptly reimburse such team member(s) for these expenses, including any related transaction fees or gas fees. If performance of duties hereunder requires a physical or digital signature, the team members are authorized to make it, and for the avoidance of doubt or ambiguity, the team members are the only people in the DAO who are expressly authorized to do so with respect to accounting or legal professionals on CityDAO’s behalf.

The project proposers may transition their responsibility to a suitable and adequately qualified CityDAO contributor, subject to CityDAO’s selection and/or approval of said replacement. The team may also resign from responsibility, at any time upon seven (7) days written notice given to CityDAO (in a manner deemed suitable to CityDAO). For the avoidance of ambiguity - This CIP-142 is not a contract for employment or otherwise.

This CIP-142 may be amended by the proposers at any time prior to Snapshot, subject to compliance with all other material terms contained herein.

Performance hereunder will be expressly subject to the indemnity rights afforded by the CityDAO Operating Agreement. Additionally, this team will not be liable to CityDAO or to any Citizen, or any other party for that matter, with respect to its performance hereunder, nor for any other types of damages, including without limitation, any incidental, indirect, special, consequential, exemplary, or punitive damages. CityDAO agrees to defend, indemnify, and hold the team harmless from any such claims, liabilities, or damages, including the team’s attorneys fees. Wyoming law governs this CIP and all related considerations. For the avoidance of doubt, these defense, indemnity and hold harmless obligations will extend from CityDAO in favor of the project team for any and all issues that may arise in the future due to a lack of accountability or responsibility-holder in the former roles in the event of #2 above, and this provision is a material term of this CIP-142. (for example, if a service provider sends CityDAO to collection, if services lapse, or if taxes are not paid - this team is EXPRESSLY NOT RESPONSIBLE if the conditions set out in #2 above should occur). The intent of this provision is to say that, should CityDAO miss payment of an amount that this team would have been responsible for had they been approved, they are expressly not responsible.

This team will work directly with the CityDAO Multisig but the team members will not hold or retain seats on the Multisig, and this will include any replacements who later fill either role due to transition/resignation or are added later.

We propose allocating $30k to subsidize 2 in person events in the coming year.

CityDAO Winter Meetup

A winter meetup for CityDAO contributors to brainstorm. Topics of discussion will include all current CIPs, DAO governance, and future vision of the DAO. The location is TBD, but likely a warm climate.

CityDAO ETHDenver

An opportunity for Citizens to check out the Blanca Parcels, the DAO Labs cowering space, and hang out at ETH Denver.

Planning

Memebrains has graciously volunteered to plan both events and make sure they go smoothly. For his role in planning, we propose a $2k reward. Responsibilities include choosing locations, doing logistics like car rentals and airbnb bookings, and responsibly allocating funds to maximize value and fairness for Citizens. If for any reason Memebrains cannot continue in the role, scottfits shall appoint a new Planning lead.

Budget

Total proposal requests $32k, $30k to go towards trip logistics, $2k to go to Memebrains upon successful completion and return from ETHDenver. The likely outcome is that things that many Citizens can benefit from (dinners, rental cars, an airbnb) can be subsidized, while individuals may still have to pay travel expenses.

Parcel 0 Monument Search

Earlier, scottfits put out an Request for Proposals (RFP) for a Parcel 0 monument. Read that here. https://forum.citydao.io/t/rfp-parcel-0-monument/1879

DAO contributor lotrfan has generously volunteered to lead an effort to install a monument at Parcel 0 and his uncle is a bronze sculptor. He has suggested a few different options to choose from and would like to survey the DAO.

This is an informal, non-binding pulse check, not a formal proposal. A subsequent proposal that outlines more formal plans and a budget may be posted at a later date.

Note: you can vote for multiple options in order of preference since this uses ranked choice voting

Proposal: Provide a Grant for a Startup to create a Harberger Tax Inspired NFT Protocol & Marketplace

Amount: $250,000 USDC, spread out over 4 progress milestones (see below)

To Who: @MemeBrains & @TheBossDragon

Intended outcome:

1. Resolve 3 of the primary pain points affecting the DAO and Gated Access Community ecosystem as a whole
2. Replenish the CityDAO treasury
3. Save developer costs from other CityDAO projects which need a Harberger Tax model as well

Prologue:

Hello CityDAO!

This is my first proposal ever since proposing the CityDAO Podcast almost a year ago. Working with, supporting and advocating for CityDAO has been one of the most fulfilling experiences I’ve received in the Crypto world. This proposal takes things to a whole new level.

In 2018 I sold my last company in part because I felt the unshakable calling to plunge down the Bitcoin rabbit hole. Opportunities like this come once in a lifetime so I decided to go all-in and it’s been one of the most fulfilling decisions of my entire life. This journey led me to discover CityDAO and the principles of the Network State where I felt an equally strong calling to become involved. I believe that what Bitcoin is doing for global economics, the Network State is doing for global politics.

But everywhere I look, DAOs, NFT communities and nearly every single Gated Access Community I’ve come across run into the same 3 problems: Squatters, Flippers & Depleting Treasury.

Squatters hold those community keys (NFTs, Tokens etc) but do not participate. This artificially inflates the price of those community keys/NFTs in the open market -such as on Opensea- while simultaneously lowering productivity for everyone involved. Squatters are usually well intended however the inactivity hurts the community.

Flippers hold those community keys for future resale purposes and also do not participate, further inflating the community key prices and lowering community productivity. Flippers are also usually well intended however the hoarding and inflated floor pricing it creats hurts the community too.

Depleting Treasury is like a ticking time bomb. Every startups nightmare…limited Runway threatens the end of any capital intensive initiative.

Through CityDAO I’ve discovered the principles of Harberger Taxes. At least 2 CityDAO projects that I know of have mentioned a desire to implement Harberger Taxes in their projects, yet no fully functional solution currently exists in the market to click the proverbial ‘on switch’ to try it out. Tweets and articles by notable people and thought leaders also demonstrate interest in bringing this idea to market.

Within the principles of Harberger Taxes, I along with many others I’ve spoken with see the seeds to solving all 3 of these major industry pain points with one single solution.

This proposal is to find out in an indisputable way if a Harberger Tax Marketplace for Gated Access Community Keys and Digital Land Ownership will indeed help change the world of online communities for the better, as we think it will.

Project Team:

Eric Gilbert-Williams - CEO

Eric is a lifelong entrepreneur across multiple industries. He bootstrapped his last company to a team size of 50+ people and several million in ARR then sold it in 2018. He has also been involved in event production, angel investing and startup consulting. He is the host of the CityDAO podcast, an active DAO enthusiast + contributor and is also the host of a Philanthropically motivated Mental Health Podcast. Eric brings experience in organizational leadership, stakeholder relationship building, B2B + B2C sales, team trainings and public speaking.

Bhargav Patel - CTO

Bhargav is a serial entrepreneur in the technology space. In 2011, he founded Performance IQ, a data analytics and gamification software company for boutique fitness clubs. He grew the company to 3000+ locations & 20M+ users, prior to getting acquired by Battery Ventures in 2018. Since then, he has been involved with multiple ventures in retail, manufacturing, software & web3 space. He is an avid crypto investor, an early CityDAO citizen, and brings a ton of web3 development experience in smart contracts, NFTs & Defi protocols.

Budget: $250,000 USDC over 4 milestones (see below)

Summary: Launch a Harberger Tax Inspired NFT Protocol & Marketplace for CityDAO and other gated access communities to benefit from. This will allow communities to add customized functions and utility to their NFTs based on the specific needs and goals of their community. This project will develop the protocol MVP along with accompanying marketplace. Communities will be able to mint, distribute, manage and buy/sell their customized NFTs. Communities who select taxation features in their NFT will have those taxes sent directly to replenish their treasuries.

Pitch Deck PDF with Project Overview here: https://drive.google.com/file/d/1_bmjqVkI4CnChvkv6_vkdAyu8Xe8uQjd/view?usp=sharing

Pitch Deck Video Walkthrough here: https://www.youtube.com/watch?v=obYXxQv2r0Q

Use of Funds:

1. Launch on mainnet & gain sufficient market traction to raise a $2M+ Seed round from Angels/VCs in 2023/24
2. Core team wages & contractor payments
3. Software & server costs

Benefits to CityDAO:

1. $1 million in Royalties for CityDAO Treasury Replenishment: a) As a separate agreement from the Grant, the venture proposed above would engage with CityDAO in an Incubation and Marketing agreement. The agreement would state that should the venture succeed in generating revenues then the CityDAO Treasury would be provided with a 20% royalty from those top line revenues until $250,000 has been sent to the CityDAO Treasury, and then a further 5% royalty for an additional $750,000 USD, equalling a combined total of $1 million USD or equivalent back to the CityDAO treasury. b) In exchange for giving this royalty to CityDAO, the venture will be formally supported by CityDAO for testing, marketing, feedback, discussions early distribution and be the ventures first live customer, establishing a true win-win environment for both parties.

2. Saved Costs: Other CityDAO projects which require a functioning Harberger Tax inspired NFT protocol and marketplace would be able to leverage from this technology and no longer be required to develop it from scratch. This would save development costs on other CityDAO projects and initiatives.

3. Momentum for Treasury Replenishment initiatives: This would be the first active project within the CityDAO ecosystem to have an agreement in place geared towards treasury replenishment. This will hopefully inspire others to create projects and agreements which would also replenish the CityDAO treasury.

4. Branding & Market Presence This project would provide credit back to CityDAO on-going in various forms including the CityDAO logo, ‘CityDAO Incubated Project’ references, public facing credit towards the CityDAO community in media events, and more. People will know this project was inspired and supported first and foremost by CityDAO to continue building the CityDAO brand.

Timeline and Deliverables:

To demonstrate our commitment and determination for this project, we have broken the project down into 4 milestones. Upon approval of this proposal, $250,000 USDC will be transferred to a gnosis based escrow wallet. Funding will be opened on a per milestone basis starting with the first milestone funding being released and used to complete the first milestones deliverables. Upon completion of the first milestone deliverables, funds will be unlocked then used from the second milestone to complete the second milestone deliverables, and so on.

Milestone 1

Budget: $1

Deliverables:

• Project Discovery & Networking
• 5+ DAO/Community Leader 1-on-1 interviews for feature development input & prioritization
• Setup web survey for larger scale interviews with DAO/Community participants

Milestone 2

Budget: $19,999

Deliverables:

• Completion of 30+ DAO/Community Leader 1-on-1 interviews for feature development input & prioritization.
• Flow Charts based on market feedback from the interviews & surveys
• Initial Branding / Creatives for the platform
• Initial UI/UX Designs

Milestone 3

Budget: $50,000

Deliverables:

• MVP live on ETH/Polygon Testnet
• Alpha Testing & Feedback Gathering
• Generate interest from other communities

Milestone 4

Budget: $180,000

Deliverables:

• Audited smart contracts by a third party
• Live and operational product launch on ETH/Polygon Mainnet
• Commencement of the Royalty on top line marketplace revenue back to CityDAO

Challenges & Questions:

1. Will it work? It’s clear that between the Radical Markets book, the RadicalxChange foundation, tweets by Vitalik, Balaji and within other discussion forms, there is a sincere curiosity and belief by influential parties that a Harberger Tax model could revolutionize property ownership, memberships, NFTs and gated access communities everywhere. We can debate the theory until the cows come home…but there’s only one way to actually find out. This project aims to find out.

2. That’s not enough money to scale Correct, it’s not. But with this pre-seed funding and a live MVP, we will be able to confidently approach a Seed round in 2023 aiming for the $2mil - $5mil range with the appropriate Angel Investors & VCs. The Seed round will provide the hires needed to bring this product to market and gain the initial traction required to then approach a Series A round in the $20mil - $30mil range for market scalability.

3. That’s too much money! Please read #2 above.

4. I think Harberger Taxes will fail. Please read #1 above.

5. Why not do this inside CityDAO as a CityDAO fully owned project? a) CityDAO does not have enough money to do this as a broad market solution in a long-term scalable way. It would simply be too risky for the treasury and bootstrapping this would require too much commitment from DAO members, distract from core CityDAO initiatives and severely limit this initiative's chances of success. b) This is a startup venture concept which is intended to live and grow on its own. Although connected to the same root system as CityDAO overall and connected with multipl CityDAO projects, this is an offspring of CityDAO, not part of the main/original tree. c) Lastly, legal liability is mitigated when this project is separated from the CityDAO LLC and visa versa.

6. How does this replenish the CityDAO Treasury? Please read ‘Benefits to CityDAO’ above.

7. Let’s debate, discuss and theorize about this for a year++ before deciding Not an option for us. We have a window of opportunity here that will not remain open long. Either we do this or we don’t.

8. The Mob. Look, our intentions here are to do something good, not only CityDAO, but for the market as a whole, and simultaneously help our entrepreneurial career. We really don’t want this to turn into something unpleasant for anyone involved. We are hoping CityDAO can rally around this project as a very positive thing.

9. I have more questions plz We will be hosting a daily AMA on this Proposal at 2pm PST on Thursday and Friday November 9th and 10th and daily from Monday November 14th until Friday November 18th. Come join and ask all your questions!

10. Is this Legal? Everything within this proposal will be first passed through CityDAO legal council and any required changes will be made accordingly before finalized.

Legal Notice & Disclaimer: The entirety of the above proposal and any and all of its details, including but not limited to pitch deck and related details must be reviewed by and modified by CityDAO legal council and/or other legal council related to the venture or any of its stakeholders.

DAOLabs

DAO Labs will be an innovation hub for aspiring and current Web3 enthusiasts, developers, engineers, designers and community members.

Co-working spaces such as WeWork are expensive and adopt a corporate and formal culture, one that struggles to embrace and encourage innovation and creative thinking.

DAOLabs aims to provide these creators and innovators with a new type of working model that seeks to be engaging, and fair and promotes building and innovation.

DAOLabs does this in a number of ways;

The Launch

The launch of DAOLabs Denver will provide citizens with free access to the DAOLabs for the first 90 days of Launch. During this time, the DAOLabs team aims to finalise the development of the Partial Common Ownership business model and the future development of the project.

Future Benefits

• Off-Peak free access to Citizens
• xx hours worth of free access passes per month (To be determined)
• Priority Booking during on-peak hours

Locations

DAOLabs proposes Denver, Colorado as the initial location. This is due to a number of factors such as:

• Reasonable lease prices: Lease prices in Denver are better valued than in some other researched states such as NY, TX, FL, CA, Etc
• Denver’s Tech Community: Denver is known for its bustling tech and startup community.
• ETHDenver: This is one of the largest crypto events and having a location where we can facilitate a space for people to build throughout the event, but also gain publicity through the event.
• Central Location: Denver, CO is quite a central location to other states in the USA.
• Denver is extremely close to both Parcel 0 and Parcel Blanca and can act as a hub/lab between the two.

Future Locations

Pending the success of DAOLabs Denver, DAOLabs aims to open a number of similar spaces to be used by citizens around the globe.

Upgrades

DAOLabs aims to be community driven. Certain amounts of capital can be allocated by the community to upgrade the locations for their benefit and at their specification.

QV Funding

DAOLabs will utilise QV Funding models to fund projects within the locations. The goal of this is to fund startups and projects in the DAOLabs space in a fair and efficient manner.

Sponsorship

Members of DAOLabs can earn sponsorship for themselves and their teams. This is done through our sponsors and aims to provide top projects and individuals with the opportunity to bootstrap their development.

Partial Common Ownership -Desk Lease

Partial Common ownership (PCO) is a new form of ownership and of managing assets that is fairer and more efficient than those under capitalism or communism.

In PCO or Plural Property assets belong to no one and everyone. An asset’s current possessor must self-assess and declare its value. Based on the self-assessed value, they pay a fee, which can be used to fund public goods, or distributed as a social dividend. If somebody bids more for that asset, current possessors sell it for their self-assessed value, resulting in more benefits for the public.

DAOLabs Inherits Mechanisms from PCO and Plural Property to create a unique ownership model for our builder Space.

Users of the space will have the ability to view all of the desks available each day.

Desks may utilise a lease structure incorporating PCO to obtain the maximum economic benefit from each desk and location allowing DAOLabs to grow at an optimal rate.

Requirements

CIP-111 proposes the following:

• Full support from CityDAO for media assistance and coordination

• $162,500 to cover the lease of the property for 1 year.

• $47,500 to cover any other incurred expenses *Incurred expenses include design & development budget, travel costs, insurance, maintenance etc.

• $20,000 Compensation to the team for execution and setup of the space

Timeframe

1. Snapshot Completion Date: 22th October 2022

2. Lease engagement: 23rd October - 23rd November 2022

3. Lease Start Date: 23rd November 2022

4. DAOLabs Opening: 24th November 2022

5. DAOLabs Business Model and Software Refinement: 24th February 2023

Deliverables

Milestone 1: Snapshot Completion

Milestone 2: Space Lease and Organisation

Milestone 3: Partners Onboarding

Milestone 4: Space Launch and Citizen Introduction

Goals

CIP-111 aims to deliver the following to CityDAO Community:

• Business Opportunity
• Space for citizens
• Space to try real-life experiments

Partnership Opportunities

DAOLabs will aim to establish partnerships with the following entities in technology and Web3.

• Venture Capitalist Firms: To provide support and assistance to sponsor projects in DAOLabs
• Technology Groups: To advance the adoption of web3 into web2 through DAOLabs projects
• Major Blockchain Protocols: To provide support and assistance to sponsor projects in DAOLabs.

Team

1. Oisin Lyons (Lyons800) - Lead on Space
2. Konrad - Operations Assist
3. Josh - Real estate
4. A fourth Member may be brought on to assist

Next Steps

1. Pass Snapshot Proposal

2. Create CIP-111 Team Multi-sig with the member proposed

3. Send $230,000 from the main treasury to the multisig

4. Off-ramp funds if necessary for proof of funding requirements on lease.

October 1st-5th 2022

After hearing about the success of the CityDAO facilitator retreat in May, and having spoken with many of the participants, we believe it’s in CityDAO’s best interests to have another IRL meetup. Zeno’s Family Property in Oregon

We propose to meet at a property owned by Zeno’s family near Portland, Oregon - approximately 35 min from Portland International Airport. Zeno’s property includes the following amenities:

12 beds and 3 bathrooms TV / Internet Pool Table Access to Sandy River and recreation 60 acres of land

CityDAO citizens will have an entire house on the property, configured as: Room A - 6 beds / 1 full bathroom Room B - 4 beds / 1 full bathroom in hallway Room C - 2 beds / 1 full bathroom Camper Vans, RVs, and tents are an option as well, bring your own!

Facilitator compensation for Zeno and PatSantiago would be $500 each (USDC acceptable).

Cost to rent the house is $850/night (USDC acceptable). Travel Stipend- Distance traveled * 0.10 = USDC received Example- If you travel 5,300 miles you get $530 USDC

A capped budget of $18,750 to be spent on lodging, food, travel stipend, and extracurricular expenses.

Food may be provided $25 for breakfast per person and dinner $35 per person

Deliverables:

Relationship and team building- Talking in person over the course of days will bring great benefit in connecting people and solidifying teams working on upcoming projects such as CIP 100 etc. With the main objective being expedited decision making and broad strategy setting.

We also aim to use this event as an experiment for planning other IRL events around the globe.

Summary

We propose realizing CityDAO’s original vision: the development of an IRL Network City with Web3 community governance.

To achieve this, our Team will develop positive-sum feedback loops that catalyze organic economic growth.

These feedback loops are modeled on the first principles of city formation and draw from historical precedents such as the development of Marfa, Texas. We are inspired by the ideas of Glen Weyl and will use Partial Common Ownership (a variant of Harberger Taxes), Quadratic Voting, and Gitcoin’s Quadratic Funding model.

We are creating the foundation of CityDAO’s future: an economic engine, situated in the real world, for Teams and Citizens to experiment, collaborate, compete, develop their ideas, and build.

Full CIP Text:

https://docs.google.com/document/d/1wraj0OAKuFskLLFUNHhgYQ7G2nHtfBpavHzDsSzpZLI/edit?usp=sharing

Parcel Zero is CityDAO’s largest and most significant effort to date. It is a Wyoming DAO’s first land purchase. The NFT project was a monumental step towards putting land on chain. Of all our existing guilds/efforts/projects/etc. this is the only other one that has a separate NFT which controls access/governance/etc… Parcel Zero is our only project that has a separate entity which holds the land and through which Parcel Zero NFT holders interact, and “Parcel Zero, LLC” merits an arms length relationship.

The possibilities for Parcel Zero have not been fully realized. While there are significant limitations for what can be done with the land, there remains a great deal of potential within the related Parcel Zero effort. Which direction we go needs to be determined by Parcel Zero NFT holders through the governance granted to them. However, very little is possible with no funding available. Additionally, we have known expenses which will exist, and past expenses which have yet to be paid.

Taking all of this into consideration, it is important that we recognize the Parcel Zero effort for the significance that it holds, and grant Parcel Zero NFT holders enough autonomy and funding to govern meaningfully. Without this a not insignificant amount of energy will be consumed making small asks along the way, and it will be that much more difficult to fully realize the value of holding a Parcel Zero NFT. This proposal provides a baseline foundation intended to prevent the project from languishing and maintain the current momentum.

FUNDING This CIP requests $73k for the following:

~$5k (estimate) to support the Parcel Zero development team at the desired level. As part of the final monumental push to get the Parcel Zero Reveal across the line, many team members made contributions beyond what was expected to make the reveal and app amazing. The rollout was better than many professional organizations, and the near complete lack of concerns/issues post reveal is a testament to success of their efforts. This is a small buffer that grants the development team the ability to retroactively compensate those people for additional work performed. Distribution to be determined by the team who was responsible for delivering the Parcel Viewer app & Metadata Reveal.

~$15k (estimate) to cover costs of minting and distributing the remaining ~900 unminted Parcel Zero NFT’s. Note that the entirety of these would be exclusively for Parcel Zero NFT holders to allocate (CityDAO has already been granted their share of 100), but in order to save on costs of a second transfer CityDAO will hold these in trust and distribute them as instructed by Parcel Zero governance. This is only to earmark the cash; there is no distribution schedule at this time. Parcel Zero NFT holders will determine how these are distributed through separate Parcel Zero Improvement Proposal(s) or similar governance process.

~$20k (estimate per @fugyeah) to cover essential costs on the parcel for 10 years (taxes, insurance, and basic maintenance). Intended to remain in trust and cover expenses as incurred.

~$33k to continue development and experiment with what is possible. This small seed would unburden Parcel Zero NFT holders from the need to justify spend from a separate entity. This commitment from the CityDAO community will create opportunity to explore what is possible related to Parcel Zero, at the discretion of Parcel Zero NFT holders.

Note that many of these items are approximations. Although these best estimates are believed to be reasonable, some of the monies from the general fund may be necessary to cover under-estimated amounts, and for any category which is under-utilized, any remaining funds will become available for general development and experimentation related to Parcel Zero (i.e., contributing to or taking from the bucket above).

DISCORD COMMUNITY A Parcel Zero NFT holder is deserving of the same rights and privilege that we grant to Citizenship holders, albeit through separate mechanisms. Additionally, we will have Parcel Zero NFT holders who do not hold a citizenship nor have interest in existing CityDAO activities.

Proposal is for a structure that looks very similar to the current guild approach. This provides continuity for the look and feel that citizens have come to expect over the last year, and creates a space which makes it easy for Parcel Zero NFT holders to focus time and attention in a familiar way:

A new Discord Category for Parcel Zero similar to what we have for current guilds. A new self-selected Discord role for Parcel Zero, allowing users to self-select into discussions in #unlock-channels A new verification process for Parcel Zero NFT holders, similar to what we have for the current Citizenship NFT for locked channels Within the new Discord category, we would expect to create access similar to what we have for our current guilds, including:

General Public CityDAO Citizenship NFT only Parcel Zero NFT only Both CityDAO Citizenship NFT and Parcel Zero NFT etc. It is initially proposed that DenverCitizen9 be granted full authority over the new Parcel Zero Discord category to set up, manage, and experiment with the layout of the channels, similar to the local authority that we currently grant to existing guilds. Note that this is in addition to, not in lieu of existing admin control, and there is no expectation that DenverCitizen9 will gain any type of facilitator role or additional privilege or recognition related to the Parcel Zero effort; the purpose is to unburden the current CityDAO team.

GOVERNANCE While it may be reasonable to expect Parcel Zero NFT holders to initially follow a process similar to what was established for CityDAO, a separate Snapshot category will be necessary as governance rights are unrelated to the existing CityDAO citizenship. This may need to be tied to the Parcel Zero ENS (though it is not known who currently holds that).

TREASURY MANAGEMENT If this CIP passes, NFT holders are expected to voice opinions and make a determination for who has the ability to distribute related Parcel Zero funds. Ideally this would happen after a selection process and Parcel Zero NFT holder vote. A review of the LLC documentation would likely be necessary to understand what is possible and/or expected.

Citizens,

The following is a proposal for the re-structuring of CityDAO Guilds and a new budget structure for 2022 Q3.

CIP-69, if passed, will retroactively compensate contributors from the 11th July under the new budget Structure. CIP-69 will be for the quarter period July 1st to September 30th.

Each Document can be found in this Google Drive Folder: https://drive.google.com/drive/folders/1NxCXM-ihPwYwvq6G8Njjufhf5O3Cplb9?usp=sharing

Overview:

The CIP-69 Structure separates Guilds into two different Categories; Functional and Resource. This is done to assist with a leaner approach to execution and engagement, while at the same time, promoting a project based approach to CityDAO comp and deliverables.

Functional Guilds:

These are guilds designed to run the necessary operations of CityDAO so that it remains functional. These guilds will have the necessary manpower to execute things like: Financial Forecasting, Taxes, Salaries, legal work, compliance work, community management, discord, social media, marketing, events, media work, public affairs, grants, investments. etc.

These will not have onboarding flows and not have extra contributors. They are run specifically for functionality of Citydao.

Resource Guilds:

These guilds are the talent and resources necessary for CityDAO to grow. These guilds will have onboarding flows and contributors that are encouraged to join and complete bounties. These guilds will have 1 (2 in rare cases) facilitators with the task of doing VERY administrative guild work and with the main focus being encouraging onboarding, helping with resource allocation, guidance on projects that have their guild involved.

Projects: ( Project Empowerment (CIP-65))

Projects are ultimately what will push CityDAO forward. Projects will be proposed via CIP flow and managed by Planning & Operations. Management for these projects will be: Helping with the CIP flow, review of team and resources required, allocation of guild resources by working with the guild lead. Oversight of current CIPs and contact with leads for projects.

Projects are designed to mainly use Resource Guilds as a talent pool for a project team to execute on something. Resource Guild Facilitators will be tasked with working with Planning & Operations to find talent within the guilds and assign them to the project team.

Implementation

Draft 1 - 9th July Draft 2 - 10th July Draft 3 - 13th July Final Draft - 17th July Snapshot - 17th July Completion - 25th July Implementation - 26th-31st July

City Court Structure - Q3

The CityDAO Court requires amendment to the charter and this document serves as an overview of the structure proposed.

Until an amended draft is completed and the CityDAO Court structure is complete, the CityDAO Mission Guild will remain intact.

New Guild Structure - Q3

Authorised until end of Q3 2022

• Design Guild: https://drive.google.com/file/d/1fNVJVrsSK7bS3pHedIuEuApeC4z2gXfO/view?usp=sharing

• Legal and Finance Guild: https://drive.google.com/file/d/1v78nMkJpkSpntYUBEVI9DYRWnlH16tuS/view?usp=sharing

• Grants and Innovations Guild: https://drive.google.com/file/d/1kDQtkjqaKIQPh5EfaXHVxPkF9TizNZTx/view?usp=sharing

• Community Guild: https://drive.google.com/file/d/1lJMh9Na6JJ_Cdlr8_HzJ5bph-KGuvYWK/view?usp=sharing

• Education and Research Guild: https://drive.google.com/file/d/1iiTZ55KHTRY5HX9je5432Ou8C1lcw7Ap/view?usp=sharing

• Media Guild: https://drive.google.com/file/d/12ah723RAkZF9y4FjTIpjfpXS1qM1p5In/view?usp=sharing

• Planning & Operations Guild: https://drive.google.com/file/d/1FcEeOVEMUQ-hmUaUHwsLn4Lgy1hjFdvV/view?usp=sharing

• Real Estate Guild: https://drive.google.com/file/d/1zPldvUa4FSh8t_zTvV59uIUcOUELtsS2/view?usp=sharing

• Development Guild: https://drive.google.com/file/d/1J-9hQEtWZcnsQZWTmzeLnac6FjzxQ8vw/view?usp=sharing

Q3 Budget

https://docs.google.com/spreadsheets/d/1J8DHB2iFPf0tmNB8LrYCV0PUacDRVM22TtCO_6a_CyU/edit?usp=sharing

Authorised until end of Q3 2022

QUADRATIC SQUARE ROOT VOTING APPLIES TO THIS CIP. THE RESULTS OF THIS CIP WILL BE DETERMINED BY RUNNING CHOICES THROUGH A QUADRATIC SOLVER.

TL/DR: This proposal authorizes up to $650k for off-ramping from the CityDAO Main Treasury for the purchase of CityDAO Parcel Home, a multi-use property in Denver, Colorado.

PROJECT DESCRIPTION: Parcel Home can meet many of the desires for CityDAO’s next parcel and build upon what we learned acquiring Parcel 0. Our first piece of land had limited use but provided opportunity for Citizens to visit and experiment. The logical next step is acquiring a house! The idea here is that we can meaningfully expand our property rights allocations in light of actual use opportunities while enabling further community engagement and community value-add, while further allowing for experimentation around some of the radical concepts that have given CityDAO so much momentum.

PROJECT TEAM: Q2 2022 CityDAO Real Estate Guild Facilitators - Scott / Josh

PARCEL: A property in Denver with little or no Homeowners Association / “blockers”

USE: Mixed Use - Uses may include but are not limited to:

-Space for CityDAO Citizens to co-work and stay (can use blockchain based reservation system and NFT entry, and other blockchain applications -Space for Community and Facilitator Meetups/Retreats -Rental Income (AirBNB/VRBO “Season” during high tourism months) -CityDAO Sponsored Hacker Houses -Co-Working “Season” – Invite other DAOs/Projects to come and collaborate/collide -Experimental “Season” where we test unique ideas relating to Quadratic Voting, Quadratic Funding, SALSA, and other unique ways to allocate property rights (but in experimental sandbox and without long-standing consequences) -Other Uses as may be proposed by the Community from time to time

ACQUISITION PROCESS:

1. Pass this CIP-63
2. Project Team selects property
3. Project Team makes contingent “cash” offer
4. CityDAO will pay earnest money and bring selected property under contract with immediate temperature-check Snapshot to confirm property acquisition (a) If confirmed – offramp fiat and close on transaction, and will request extra fiat to place into interest bearing account for purpose of “cushion” on operating expenses, taxes, insurance, etc (b) If not confirmed – the Project team will find another property

COMMUNITY BENEFITS: Place to stay for citizens, IRL collaboration and relationship building, useful during ETH Denver, engaging project for the community to rally around, experimentation, and other efforts leading to additional positive PR from influencers / meaningful public good outcomes

FINANCIALS: Upon passage of this proposal, $650k from the treasury is authorized to be converted from ETH and off-ramped into fiat toward the purchase price, fees, taxes, and other costs related to acquiring Parcel Home. We propose moving the funds to fiat soon, in order to test the DAO’s new FTX off-ramp and to ensure CityDAO is positioned to make a cash offer.

We also point out that the funds are not "lost"; rather value is being stored in an alternative manner while creating a meaningful project that enables CityDAO to get back to building and collaborating - even in a down market.

BUSINESS MODEL / OPERATING EXPENSES: There will be no initial monetization other than possible revenue relating to renting the property out (in which case we would consider the costs of cleaning and property management to the extent they cannot be brought in-house). CityDAO may (and should) also set aside a percentage of the purchase price in an interest-bearing account as a reserve for several years of insurance, taxes, property management, and related operating expenses.

TEAM COMPENSATION: If Scott and Josh are able to execute on this Parcel Home proposal, they will be compensated with eight (8) CityDAO Citizen NFTs and $2500 USDC each, upon closing.

EXAMPLE PROPERTIES:

https://www.realtor.com/realestateandhomes-detail/3431-E-29th-Ave_Denver_CO_80205_M21190-32305

https://www.realtor.com/realestateandhomes-detail/942-Kalamath-St_Denver_CO_80204_M17758-96953

https://www.realtor.com/realestateandhomes-detail/2130-N-Marion-St_Denver_CO_80205_M15630-33889

https://www.realtor.com/realestateandhomes-detail/1620-N-Humboldt-St_Denver_CO_80218_M26143-28871

COMMUNITY INPUT: Due to the fast pace of the current real estate market CityDAO may need to make several offers and will certainly have to move quickly - making it infeasible to vote on each property individually. This proposal authorizes the Project Team to make the final call on the acquisition of the property - however the Project Team may use Snapshot and/or Discord votes to evaluate community interest in the selected property/property location.

Citizens,

We are proud to annouce that the CityDAO Charter and Operating Agreement are ready to be ratified by the citizens.

The purpose of the Charter is to provide clarity on our mission and values, rules of cooperation, organizational structure, governance, distributed authority and rules of coordination. The purpose of the Operating Agreement is to establish CityDAO as an algorithmically-managed DAO LLC under Wyoming State law.

Please see the document below for the full CityDAO Charter and OA Proposal: https://forum.citydao.io/t/citydao-charter-version-1-and-operating-agreement/1110

Your vote really matters. These documents will allow CityDAO to effectively move forwards towards achieving our mission and vision. Vote today!

The CityDAO treasury has about $250k, mainly generated from NFT sales in the past few weeks.

The Core Team proposes the following budget. https://www.notion.so/citydao/Financials-and-Contributions-0f4a40c0f63e41d9bfe237cb9f4add65

Please feel free to ask questions and make suggestions in town-square-text.

We will be able to acquire 5 - 50 acres of land for around 120k. We plan on selling individual subparcels as NFTs to CityDAO citizens. How should we subdivide parcels? Should we opt for smaller parcels for more people or larger parcels for fewer people?

Size comparisons:

1 acre - about 75% of a football field 0.1 acre - The size of a large, suburban house with a backyard and pool 0.01 acre - the size of a two car garage