willholley.eth

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.

TL/DR: The Big Parcel Project will be rebranded as t0wn. Instead of buying thousands of acres and selling thousands of tokens to individuals to try to build a vast “city,” we will target only high-level DAOs (20-30) to sell high-priced tokens in order to create a “t0wn” governed entirely by DAOs rather than individuals. Think NATO, or UN, or Davos for DAOs. If CityDAO creates it, we will have a seat at the table, prestige, and governance in the new world order.

The project is in 3 stages, as is the budget, which serves to compensate the team, to hire people as needed, and pay for devs to create the token if we get to that point. The land to be purchased is not specifically designated at this stage of the process, and may range from a building in a distressed city or university campus to an exquisite lodge in a lush wooded area (see deck, linked below, for more details).

OVERVIEW

CityDAO will lay the foundation for the first ever town governed by a group of DAOs. After identifying and securing an appropriate property, CityDAO will create a low-supply, high cost token which will be purchased by a hand-selected group of DAOs in order to fund the acquisition of the property. These DAOs will become the founding members of t0wn, with CityDAO as its “founder.”

Here is a deck that more completely and visually articulates our ambition: https://pitch.com/public/4a22922a-a2bc-4855-8a5b-1338e4a4432f

t0wn will be carried out in three consecutive stages: (1) R&D, (2) Development, and (3) Execution. All stages will be executed entirely by the t0wn Team (defined below).

STAGE ONE (R&D) DETAILS

In Stage One, the t0wn team will: Identify viable properties; Call agents representing viable properties to understand parameters, timing of sales, etc; Host Twitter spaces to promote the t0wn project, generate interest from other DAOs and web3 orgs, and get feedback; Talk to DAO leaders one-on-one and get LOIs / commitments to be inaugural t0wn members; Consult with state and local officials in areas where we have identified viable properties; Begin to sort out legal implications of DAOs co-owning a property

STAGE ONE - TENTATIVE TIMELINE

WEEKS: ACTION 1 - 4: Identify viable properties 2 - 6: Call real estate agents for viable properties to understand parameters, timing of sale, etc 3 - 7: Host Twitter spaces to promote the t0wn project, get other DAOs interested, and get feedback 4 - 8: Talk to DAO leaders one-on-one and get LOIs / commitments to be inaugural t0wn members 4 - 8: Start to sort out legal implications of DAOs co-owning a property

STAGE ONE BUDGET

For stage one of this project (R&D), $58,000 USDC will be transferred to the Big Parcel multisig (to be rebranded as "t0wn multisig") immediately upon the passing of this CIP. This money will be allocated as follows:

Team compensation: $32,000 USDC (based on 8 weeks, 10 hrs/wk at $100 p/h x 4). Discretionary expense budget: $20,000 USDC (to be added to what’s already in the Big Parcel multisig) for marketing, legal, etc. If certain conditions are met (see below), stage two (Development) will be triggered.

TRIGGER FOR STAGE TWO

Ten DAOs signing LOIs (Letters of Intent) stating their intention to become founding members of t0wn at a token price of greater than or equal to $75k will automatically trigger Stage Two, and its budget will be sent immediately to the Big Parcel/t0wn multisig. This trigger can also be met by any number of DAOs that commit via LOI a total of not less than $750,000.

If more time and/or funding is needed in Stage One to acquire the LOIs, the t0wn team may use funds from the discretionary fund to pay for up to four more weeks of work (including team comp) at the same rate as above. For clarity, should the Stage One tasks take longer than 12 weeks to complete, the team will receive no further compensation until/unless the project enters Stage Two.

If the t0wn Team wishes to proceed to Stage Two with a total financial commitment lower than $750k, this will be subject to the passing of a separate CIP.

STAGE TWO (DEVELOPMENT) DETAILS

In Stage Two, the t0wn team will: Manage token design and legal contract development; Continue to host Twitter Spaces and get LOIs from additional DAOs, with the intent of including 20-30 founding orgs; Keep tabs on all viable properties, set up legal entities and put all the logistical pieces in place so as soon as the project is funded, the property purchase can take place immediately.

STAGE TWO - TENTATIVE TIMELINE

WEEKS: ACTION 1 - 4: Select and engage token team 1 - 4: Select and engage legal counsel to draft applicable contracts 4 - 8: Manage token team 4 - 8: Manage legal counsel 1 - 8: Call real estate agents for viable properties to understand parameters, timing of sale, etc 1 - 8: Continue to host Twitter spaces to promote the t0wn project, get other DAOs interested, and get feedback 1 - 8: Continue to talk to DAO leaders one-on-one and get LOIs / commitments to be inaugural t0wn members

STAGE TWO BUDGET

If the Stage Two trigger is met, an additional $102,000 USDC will be transferred to the Big Parcel multisig immediately. This money will be allocated as follows:

$25k for Dev and PM time, token design $25k for legal fees $32k team compensation (same rate as above, for 8 more weeks) $20k discretionary fund (in addition to whatever is already in the safe)

STAGE THREE (EXECUTION) DETAILS

In Stage Three, the t0wn team will: Distribute the token to the founding member DAOs; funds go to the Big Parcel multisig; t0wn team will use the funds to buy the property; t0wn begins!

STAGE THREE BUDGET

TBD - It is too early to determine the appropriate budget for the Execution stage; therefore, the t0wn team will post a separate CIP for funding when the time comes.

BENEFIT TO CITYDAO AND ITS CITIZENS

If t0wn is a success, CityDAO citizens stand to benefit considerably, in a number of ways:

Membership Tokens: In return for funding the genesis of t0wn (i.e. Stages One and Two, $160k upfront spend) CityDAO will get either: Three (3) membership tokens, or a membership stake valued at $225k, whichever is greater.

Governance: CityDAO also gets the governance benefit of holding more membership tokens, which is likely to be the most powerful position in the collective unless another DAO opts to buy more than one membership token.

Citizen Memberships: CityDAO Citizens will enjoy all the benefits of membership in t0wn, in many cases at a greater rate/quantity due to CityDAO’s larger membership stake in t0wn.

Brand / Prestige: CityDAO will be branded / marketed as the “founder” of t0wn, while the initial member DAOs will be “founding members.”

t0wn TEAM

Da3vid: Vision and Legal David is an attorney licensed in New York since 2005, has a Masters and is now studying for his Ph.D. in Sociology related to DAOs and the metaverse. He has been teaching business law, management and organizational behavior at an international university for 15 years. He also ran the two largest improvisational theater companies in China for a decade (one in English, one in Chinese) with valuations in the millions of USD while also creating and running his own highly successful theater company, all in Chinese.

David was on the CityDAO Council, helped to write the Charter and Operating Agreement, facilitated the Legal Guild, served on the first Mission Guild and is currently the facilitator of the Education & Research Guild, which he also founded.

Gugz: Vision and Project Management Gugz has been producing film and television, everything from shorts and music videos to feature documentaries and big-budget TV, for more than a decade. He has taken dozens of projects from zero to scale. He helped start a management company a decade ago as its first employee and has developed ideas into global films and series. In one instance, he was part of a team of four producers who created an entirely independent, $70 million season of television, for which they built a TV studio from scratch, all in the name of creator ownership (THE FIRST, starring Sean Penn, on Hulu).

Gugz has served in various leadership positions at CityDAO over the past year, including writing its charter with a team of collaborators and founding its grants program. He is co-founder of R3WIND (formerly BlockbusterDAO), a decentralized media organization.

Tasafila: Marketing and Design Tasafila has worked as a creative and growth strategist in B2B Tech, E-Commerce and Web3; building campaigns, LMS systems and go-to-market strategies for major brands such as IBM, Oracle, Reef, Whirlpool, Therabody, and more. He launched his self-funded vegan grocery startup in 2020 and shipped nationwide. He pulled interest from Shark Tank and an activation with American Airlines before exiting in 2021.

In early 2022, Tasafila launched BlockbusterDAO which garnered global media attention and formed one of the largest web3 grassroots communities in the world, without ever spending a dime on advertising or marketing.

ScottA: DAO Partnerships and Economics Scott has worked for the government developing programs to end homelessness and alleviate poverty (Housing First Edmonton). He has taught university classes at the undergraduate and graduate levels in economics. He has a strong background in data analysis and various programming languages, such as R. He also has a background in music; he wrote and produced two full-length albums under the band “Making a Monster.”

In 2022, Scott completed a Ph.D. in economics from the University of Alberta with a focus on economic growth. He graduated with top marks and is set to publish two journal articles in reputable publications (Journal of Economic History and the Journal of Institutional Economics). He has taken an active role in CityDAO and organized successful initiatives such as the CityDAO Conference and Journal.

MULTISIG Funds will be sent to the current Big Parcel multisig. Tasafila and ScottA will be added as signers, with Blackacres remaining on as an independent overseer, to make it a 3/5 multisig.

FINE PRINT In the spirit of fostering a more autonomous and project-based culture at CityDAO, the following will be effective immediately upon the passing of this CIP:

Utilization of CityDAO Members: The t0wn project may opt to, but will in no way be obligated to, utilize any personnel or individuals employed by, receiving funds from or in any way affiliated with CityDAO. The decision of whom to work rests entirely upon the judgment of the t0wn Team.

Process of Work: Such that any CityDAO executive body, committee, guild or team is in place at the time this CIP passes (ex. the Planning Guild), this project will not be subject to its authority.

Separation of Authority: t0wn will be set in motion by the t0wn team on behalf of CityDAO, but the project, such that it exists, will ultimately be owned and governed by its member DAOs. The t0wn project will create its own operating agreement and will not be bound by the CityDAO operating agreement. t0wn may utilize any legal structure that is suitable, including but not limited to an LLC, non-profit, trust, UNA, etc.

Access to Twitter, Discord and Social Media: This project requires the use of the CityDAO Twitter and Discord accounts. If this CIP passes, the t0wn team will have the ability to post on the CityDAO Twitter, host Twitter Spaces, etc. Web3 Funding: While the focus will be on DAOs, we will also consider funding from Web3 organizations that are not technically DAOs, for example, the Ethereum foundation.

TLDR

The DAO Coalition is a group of approximately 30 DAOs and supporting organizations that seek to advocate on behalf of DAOs in the United States and globally. This coalition was started by Stuttgart on behalf of CityDAO, and therefore CityDAO has a significant place in the coalition. This CIP requests $9,999 as part of a fundraising effort among other DAOs in the coalition. The purpose of the fundraising is to provide funding to formalize the coalition as it relates to legal fees (incorporation, creation of bylaws) and website creation. Benefits to CityDAO would be a leadership role with the DAO Coalition as it advocates in Washington, D.C.

PROJECT TEAM

The DAO Coalition currently consists of 3OH DAO, Alliance DAO, ATX DAO, Aragon DAO, Bankless DAO, City3, CityDAO, Cohere, Data Union DAO, enDAOment, Governor DAO, Impact DAO, JournoDAO, Kali DAO, Klaytn, Krause House, KYC DAO, LegalDAO, LexDAO, Lobby3, Nemus, OtoCo DAO, PAC DAO, Polygon DAO, R3WIND DAO, Sapien Network, Sporos DAO, SuperRare DAO, SSV DAO and Standard DAO.

Supporting organizations within the DAO Coalition include the Blockchain Association, COALA, NEAR, the DAO Research Collective, and the World Economic Fund.

DETAILS

CityDAO has been leading an effort to establish a DAO Coalition for the purposes of advocating on behalf of CityDAO and all DAOs. DAOs face both risks and opportunities. It is critical that DAOs come together to speak with one voice on issues that impact the sector.

As it relates to risks, as a result of our relationship with the Blockchain Association, earlier this year we were made aware of interests in Washington, D.C., such as the Crowdfunding Professional Association, which have been advocating to the SEC with appeals that are directly averse to the existence of DAOs. More recently, we’ve seen the CFTC sue Ooki DAO on allegations that, as an unincorporated association, it violated federal laws.

As far as opportunities, this summer, Senators Gillibrand and Lummis introduced S. 4356, the Lummis-Gillibrand Responsible Financial Innovation Act, which, if enacted, would, for the first time, provide a federal framework for DAOs. This legislation would provide an opportunity for the DAO Coalition, on behalf of CityDAO and all DAOs, to provide a positive narrative to policymakers about the promise of DAOs.

It is in light of the aforementioned risks and opportunities that the DAO Coalition has been holding monthly conference calls since its informal inception this summer. DAOs are being formed every day and, according to DeepDAO, there are almost 5,000 DAOs in existence to date. The DAO Coalition aims to harness that collective voice, but requires a small contribution from representative DAOs to begin its operations. To this end, the DAO Coalition is requesting a contribution to assist with the coalition’s formal establishment.

Other DAO representatives also are asking their respective DAOs for contributions and Lobby3 has secured its own $10,000 commitment. CityDAO’s $9,999 contribution would help ensure that CityDAO would play a leadership role as the DAO Coalition is formed.

Scottfits and Stuttgart currently are listed as CityDAO representatives within the DAO Coalition and this proposal would aim to have them represent CityDAO as Directors of the formal DAO Coalition. None of the CityDAO $10,000 contribution would go to Scott or Stuttgart. In the event that Scottfits is not available, David will take his role as CityDAO representative.

PROPOSAL BUDGET

This proposal requests a one-time disbursement of $9,999 in USDC to the DAO Coalition treasury. Other DAOs also have been asked and may contribute money to this fund.

TIMELINE AND DELIVERABLES

Once the DAO Coalition has secured the necessary funding, the coalition would aim to take the necessary steps to formalize in Q4 2022 or Q1 2023.

RISKS

There is little risk to CityDAO from this contribution other than the coalition not being able to raise the sufficient amount of funds to formalize and we believe that given the number of other DAOs in the coalition we should be able to raise these funds. If the coalition is unsuccessful in raising necessary funding, the coalition would reimburse CityDAO.

REGULATORY

The project would create a new legal entity outside of CityDAO, but would not create a new tax burden for CityDAO. Should CityDAO also wish to provide a small sustaining contribution for ongoing activities after the DAO Coalition has been established, a separate CIP would be requested. Given the number of DAOs already in the coalition, we would not anticipate that a request to DAO Coalition members for such sustaining funding would be more than $10,000 per year, per coalition member.

BENEFITS TO CITYDAO

The first and most obvious benefit to CityDAO is the preservation of its existence. While CityDAO operates entirely within the law as an LLC, we are confronted with an uncertain legal landscape with pitfalls and obstacles. CityDAO seeks not only to exist but to collaborate with other DAOs and create IRL spaces for other DAOs to flourish. To that end, our presence as a leader in lobbying efforts keeps CityDAO in an important position in the DAO space.

Another key benefit comes from the collaborations and relationships with other DAOs that such a presence will foster. Working hand in hand with organizations like Bankless, Aragon, Polygon, the Blockchain Association, NEAR and the World Economic Fund has benefits that cannot be adequately measured in dollars or in the short term. For the $10K contribution this CIP seeks, it could benefit CityDAO immeasurably.

A third benefit is the engagement with larger communities and increased awareness of CityDAO. Having our name associated with so many other DAOs, each of them with many thousands of members, all of whom are committed to the web3 and DAO space, being in a leadership position within the DAO Coalition could serve as wonderful, perpetual marketing.

SIMPLE SUMMARY

Q4 is fast approaching and no budget or mechanism allocated to pay contributors during that period exists. Q3 included a lot of restructuring and clarity was gained via an approved vote a short 7 weeks ago (July 24). Planning Guild is working on Charter amendments to address future structure and budgets, but until those are in place and approved by the DAO, we risk some level of disorder on October 1st. Extending the Q3 Funding period, with some alterations below, appears to be a simple strategy to keep core functions and Guild projects ongoing, while limiting the amount of confusion associated with a more complex structure and budget for Q4.

SPECIFICATION

Extend the funding period included in the passed CIP-69 Q3 Guild Structure and Budget 6 to include the period from October 1, 2022 to December 31, 2022 with the following alterations:

1. Facilitators will continue to work in their current positions, unless they’ve stepped down from a role.
2. The Planning and Operations Guild shall: - Maintain operations functions related to communication channels. - Revise and implement improved Charter and processes, with specific focus on clarifying and automating governance structures. The Charter should be posted and easily navigable once complete and approved by the DAO. - Make efforts visible to the community, provide regular status updates and shall hold a weekly call.
3. Discontinue the use of NFTs as Facilitator compensation.
4. Guild Safes will utilize unused USDC and NFTs from Q3 for Q4 operational costs.
5. USDC and NFT’s remaining in Guild Safes on January 1, 2023 will be used to credit Q1 2023 funding budgets for each guild, if any is proposed.
6. Should a Guild not plan to exist in Q1, 2023, all funds will be sent to the Treasury: 0x60e7343205C9C88788a22C40030d35f9370d302D

An APPROVE vote would mean you approve an extension of the Q3 Funding period as amended above.

A REJECT vote would mean you reject an extension of funding.

Quorum is 500 Citizen NFTs as this CIP involves more than $10,000. Snapshot currently shows quorum incorrectly since we've moved to quadratic voting. Quorum will be calculated by counting each Citizen NFT after the results.

Polis Conversation Report: https://pol.is/report/r93bsr9mwv34rcr2aezhu

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

In CIP-69, the planning guild was authorized to spend $50k in discretionary spending. $10k was transferred to the bank account to cover some SaaS expenses and legal fees. $40k remains.

Proposed Use

As Q3 is coming to an end, Scott and Josh propose using the remaining $40k, or however much remains after documented Planning expenses, to acquire 3-5 more parcels of land next to Baby Parcel in Alamosa, CO, so that we can make more parcels available to Citizens and start to bootstrap a neighborhood there. These parcels will be available for citizens to lease and use. One may be kept for CityDAO collectively as a town square.

Why this proposal?

This is technically an allowed action already under governance, but is a less traditional use of the funds. We wanted to check with the DAO.

• A YES vote asks planning to use leftover funds to buy more baby parcels
• a NO vote will ask the planning guild to return the funds to the main treasury

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

SUMMARY

Since May 20th, Tippi has, for free and on his own, created and run a successful bi-monthly event within the Education & Research Guild called “Teach Anything!” This CIP explains the event’s success, creates deliverables for Q3 and asks for basic funding to continue this event. This CIP asks for $950 per month for the development of the event + 1 NFT for the quarter as retroactive comp for Tippi.

BACKGROUND

The foundation of a city is not land, it is community. The foundation of a community is people and culture. A strong culture requires four elements: ritual, storytelling, artifacts and language. CityDAO seeks to be a city. This necessitates a community that grows together. Events where people gather to share knowledge and stories provide critical elements of shared culture.

In May 2022, Tippi began an event called “Teach Anything!”, which is held twice a month. It consists of 4 presenters who speak on topics of interest. The purpose of this event is not only to show that anyone can teach, but also to help people share their stories and knowledge, and to help people improve their presentation skills.

SUCCESSES

Using the metric of “citizen time”, Teach Anything! is one of the most successful initiatives in CityDAO. Over the past 3 months, it has generated over 55 hours of citizen engagement. At least 20 different citizens have attended overall, with a high rate of retention as measured by return attendance and requests to present again.

Including Tippi, 8 unique citizens have presented. Only 2 presenters missed their slots in the 5 sessions, and both of them came to the next session and taught. Feedback from the citizens has been positive as measured by informal polls. There are almost no comparable initiatives that have been done for free by members of CityDAO, undertaken for the good of the community without compensation.

Here is a list of topics that were presented:

Intro to Teach Anything, Listening to the Audience, How to give Quality Feedback, How to Ask for Money, Web3 Acronyms, The Relevance of Fruit, Types of Fruits and Health Benefits of 20+ Different Fruits, Introduction to Marketing: What is Marketing (part 1), Introduction to Marketing: What is Marketing (season 1 part 2), Why I Love Design Thinking, From Dirt to Data (Deep dive on Plot 0), How to Write a Pitch Deck, What I Learned at Permissionless.

The variety of topics (Anything!) and the juxtaposition of quality (Anyone!) make this event novel and interesting and keep people coming back.

ROADMAP AND DELIVERABLES

Development of a feedback and evaluation process using established Human Resource Management (HRM) techniques, to be led by Tippi and guided by David. David has been a professor of HRM for over 5 years at an accredited undergraduate university. Charted qualitative and quantitative analyses of various key metrics, such as distributions of participants, satisfaction, effectiveness of training, quality of guidance, etc. These metrics form the basis of analyses that can be used across guilds. Experimenting with alternate times and meeting locations besides Discord, particularly Gather.Town, to host the Teach Anything! events. REQUEST FOR FUNDING

So far, Tippi has run this event for 3 months without any compensation or request for compensation. This demonstrates a commitment to the success of CityDAO and should be rewarded. This CIP would award 1 Citizenship NFT to Tippi retroactively for his contributions.

Facilitating this event, analyzing the data and continually improving quality is believed to take approximately 5 hours per week. At $40 per hour, this would be $200 per week, or $800 per month. Additionally, $150 per month is requested for discretionary funds, which may be used to experiment with rewarding presenters, participants, survey takers and other metric providers. This $150 will not be used for compensation to Tippi.

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.

Summary

This CIP seeks funding for ScottA to continue to assist in planning the first annual CityDAO Academic Conference and to continue work with numerous authors on the CityDAO Journal. ScottA was previously bountied to work on these tasks, but as the Q3 Education & Research Guild budget has been reduced by 50%, his work is now being presented as an independent project. This CIP requests $1200 + 2 Citizenship NFTs per month for his work.

Background

One of the most exciting initiatives in the Education & Research Guild is the development of the first annual CityDAO Academic Conference, which will be held virtually from Sept 3-4, 2022. The event brings together various experts in different aspects of blockchain and web3 education. The ultimate goal is to start a positive feedback loop intertwining a cutting-edge web3 city with education. Education and cities induce powerful positive externalities. This dynamic has boot-strapped great cities in the past and is a model for doing so in the future.

Connected with the conference is CityDAO Journal, which is a method to explore the ideas that will build web3 cities and establish CityDAO as a thought leader in this space. The Journal seeks to discuss vital concepts and to push them forward while at the same time producing content to attract people via thoughtful engagement.

ScottA recently finished a Ph.D. in economics and is currently set to publish two journal articles. He has a strong research background and is highly qualified to lead such a project.

SUCCESSES

ScottA has helped to curate relationships with 45 student blockchain associations, 30 education-related DAOs, and numerous other potential contributors. Contact methods have included emailing, engaging on Twitter and discord, and via LinkedIn. Thus far, of the groups contacted, about 35% have replied, and 25% plan to participate in the conference.

ScottA has spent over 60 hours contacting, following up, and conversing with the above-noted groups. This will be valuable in numerous ways for CityDAO moving forward – building a city will require many partnerships and resources. We now have keynote speakers, 5 panel discussions and 2 roundtable discussions. He has additionally developed and maintained a detailed spreadsheet of all contacts, which is valuable to CityDAO.

During this past quarter, ScottA has also helped to oversee the CityDAO Journal. This has produced content related to Quadratic Voting/Funding and Social Tokens. The articles have gained considerable readership using metrics such as twitter likes and retweets. One citizen stated that finding the articles was the reason they joined CityDAO. ScottA has spent over 45 hours writing, editing and developing others’ content, and doing research related to the articles.

Finally, ScottA has contributed to initiatives such as the CityDAO book (currently writing multiple chapters), the Study Group (attended all the groups and led the discussion on 2 occasions), and broadly to the ultimate vision of CityDAO University.

ROADMAP AND DELIVERABLES

Successful delivery of the CityDAO Academic Conference

Success metrics will include the number of total citizens and non-citizens attending, satisfaction, and engagement. A metric will be derived called “key connections.” A “key connection” will be established if a participant attended the majority of the conference and, in a follow-up survey, indicated a desire to have further involvement with CityDAO.

Continued Maintenance of the CityDAO Journal

The articles should be measured as successful if they attract traffic and encourage involvement in CityDAO. Metrics have not yet been established, but ScottA will work in partnership with the media guild to do so.

The articles produced will focus on quality over quantity. The goal would be 1-2 articles per month and should be highly aligned with topics in the Web3 space and CityDAO. This will include articles that may result from the CityDAO Academic Conference

Establish the CityDAO Think Tank

One key goal of the Education & Research Guild is to pivot from maintaining numerous independent initiatives to becoming a think tank for projects that are proposed by citizens. ScottA will work with David to develop a process for citizens who require research to be matched with key resources and for those resources to be properly overseen, evaluated, bountied and compensated to maximize quality and effectiveness.

REQUEST FOR FUNDING

During Q2, ScottA was bountied at 20 hours per week at $30 per hour. Given budgetary restrictions, this CIP proposes that his hours be reduced to 10 hours per week for a rate of $300 per week + 2 Citizenship NFTs per month.

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.

Proposal full text:

https://forum.citydao.io/t/cip-102-acquire-baby-parcel-for-nft-leases/1625

Summary:

This proposal aims to acquire a small piece of land and authorizes off-ramping $9,999 for acquisition of the parcel that will be used for experimental NFT leases. The project will serve as a prototype for the Big Parcel project and leases will be made available to Citizens. The project team will research parcels and give the community a few parcel options to choose between.

We propose the Baby Parcel project, with 3 goals:

• Purchasing a parcel of land and make NFT land leases available to CityDAO Citizens. This will be a breakthrough crypto primitive- the first NFTs that represent rights to visit, use, and potentially even build on land. It’s a step towards land ownership NFTs.
• Serve as a prototype for the Big Parcel (CIP 66) project and test learnings on a smaller scale while a larger land purchase is scouted.
• Serve as a logical next step to Parcel 0, adding more rights to the NFT land agreements.
• We view this as the training wheels for learning how to ride the Big Parcel bike with NFT leases, land purchases outside of Wyoming, and more.

Specifically, we propose to purchase a vacant piece of land in the San Luis Valley of Colorado, where land is cheap, near tourist attractions such as Great Sand Dunes National Park, and where there are minimal HOAs or land use restrictions - for $9,999 or less - and to then experiment with subdivided leasehold interests for the holders of the NFTs. For example, CityDAO could purchase a 5 acre lot for around $5k, and “subdivide” the parcel into 10 half-acre parcels that would represent certain rights related to each sub-plot (Baby Parcel NFTs). We could also look at using Harberger mechanisms for rights transfers and additional value creation for CityDAO.

Project Facilitator Team:

Josh - Project Lead, real estate transactions Scott - real estate Lyons - strategy Konrad - operations Gugz - Big Parcel liaison and planning Project Team: facilitators will select and reward up to 6 Citizens who aid the project in dev, media, and design.

Project Facilitator Rewards: $2,500 USDC + 3 Citizen NFTs each

Project Team Rewards: $1,000 USDC + 1 Citizen NFT each

Additionally - CityDAO will retain one Baby Parcel NFT and the Project Facilitator and Project Team will collectively get the right to decide what to do with said NFT as a collective team.

Please Note - the rewards are an incentive for completion of the project. Upon successful launch of Baby Parcel NFTs as determined by the multisig holders, the multisig is authorized to transfer the comp.

Benefits for CityDAO / the Community:

Community Engagement – The Baby Parcel will provide CityDAO with a project that is achievable in the short run. The community will have something to be executed about, and the “doers” can get back to work adding value to CityDAO in a meaningful way. Once news of the Baby Parcel breaks, CityDAO can expect an influx of interested and willing contributors to step forward.

Innovating in NFTs and Real Estate: the Baby Parcel will provide a safe environment to be used as a proving ground for concepts that are relevant for Big Parcel execution (for example: land token experimentation, NFT transfer of property rights, potential Harberger experimentation, NFT design and execution, etc)

“Tuition” - The Baby Parcel will be the most important learning experience yet for CityDAO. CityDAO will have the opportunity to obtain intel / insight into the overall process without creating a “bet the DAO” situation as will be the case by the time we wish to move forward with the Big Parcel. For a legitimately minimal expense, CityDAO can find out what does - and does not - work with respect to creating a land token standard and using NFTs to allocate property rights. Whatever CityDAO learns from the Baby Parcel, it will be money well spent for the collective direction of the DAO and our mission.

Financial Considerations - Treasury Impact. The project team requests $9,999 offramped to the CityDAO bank account upon passage of this proposal for Parcel acquisition and legal costs. Any unused funds will be returned. This represents around 0.4% of our treasury.

Process Flow/Community Touch Points: a) This CIP-102 will be put up to Forum and then Snapshot for approval by the Community through governance.

b) If approved, the Community will be asked for a temp check “taste and preferences” vote (through Discord or less formal means than Snapshot) from between 3-5 selected parcels around 5 acres (For example: https://www.realtor.com/realestateandhomes-detail/Ll-9th-St-Lot-10_Blanca_CO_81123_M90319-30673 7; https://www.realtor.com/realestateandhomes-detail/7-Sixth-St_Blanca_CO_81123_M91246-07855 1; https://www.realtor.com/realestateandhomes-detail/Estrella-Rd-Lot-11_Blanca_CO_81123_M93297-21676 4).

c) After the vote, the Project Team will offramp fiat for the purchase, closing costs, and 10 years of approximate insurance and taxes, along with a budget provision for 10% of the purchase price to be used for other operating expenses (to be held in an interest-bearing account with the intent of finding ways to pay such expenses in crypto and potentially automate such processes)

d) The Project Team will consummate the transaction using an appropriate legal mechanism, like a wholly-owned special purpose vehicle (“SPV”) incorporated and designed to handle the liabilities and related issues of purchase and subsequent operation. CityDAO will fund the SPV’s treasury with the funds needed to consummate the transaction.

e) Once acquired, the Project Team would commence meetings with the Community to build momentum for how to use the Property in the short run. The intended short term goal will be to use NFTs and/or a token-land standard to transfer as many property rights to holders as possible without creating legal risk or running afoul of the law of course. We intend to prove-out concepts using an MVP model that will be instrumental to execution on the larger vision with the Big Parcel.

Introduction

This is a proposal to reimburse Guild Facilitators who went to Wyoming to work on CityDAO for one week, to visit possible parcels of land that CityDAO could purchase for building a city (Parcel 1) and to plant a flag on Parcel 0. This proposal was previously put on Snapshot, but was removed before a vote could be taken, due to procedural issues.

Background

CityDAO began with a tweet from Scott Fitsimones on August 5th, 2021. In December 2021, the CityDAO City Council was formed through elections. They began work on a charter. The months from January to April were an exciting time, with numerous hours of city council meetings daily, and the eventual creation of the Charter, the Operating Agreement, and the Bundled Guild Proposal, all of which passed via a Snapshot vote. At no time had these council members, many of whom are now facilitators, met in person.

On April 26, 2022, Scott told the facilitators that he was going to Wyoming to visit Parcel 0 and to plant a flag. He invited them to join. It was a last minute decision but some members bought a ticket. The members who chose to attend were: David from the Legal and Education Guilds, Sytonikka (Nico) from the Design Guild, Pat from Events and Lyons from Operations. We met Josh (formerly DAOvolution) who lives in Wyoming, along with Wdclapp (Walt) from the Legal Guild and his brother kkopczyn (Konrad) from the Real Estate Guild, who were there.

Deliverables

Relationships: This trip proved to be extremely valuable. In terms of spending time together, everyday we ate breakfast, lunch and dinner together. When we weren’t seeing land or visiting Parcel 0, our days were spent sitting around a table at the Airbnb with our computers open, on calls with others in the DAO, discussing the mission, the vision, the values, and the future of CityDAO. When we had questions, we could just ask each other. The days were filled with very fruitful conversations about issues that could be discussed in person rather than over Discord.

Real Estate: We were able to engage with local real estate agents in Wyoming and actually visit a number of properties for sale, including both unused land and land with structures, to get a better idea of prices, concerns of the local residents, availability of parcels and contacts that we could use in the future for seeing available land and making offers.

Legal: We were able to meet in person with the local Wyoming representative of CityDAO who will handle legal filings, and who created the Parcel 0 LLC. Meeting with him in person allowed us to make an invaluable contact, another law firm that specializes in securities and who literally helped write the Wyoming DAO law. They are now serving as outside counsel for CityDAO and it is unlikely we ever would have met them had we not been there in person.

Parcel 0: We went to parcel 0 and planted a huge flag together. We were able to gauge the land, the driving, the conditions and to discuss more meaningfully how this land may be used viably. In addition, we were able to have a long conversation with the neighbors who live next to Parcel 0. They were extremely interested in who we are and what we represent. Despite living in a non-urban setting, they were very knowledgeable about both CityDAO and blockchain. This gave us valuable insights into the neighbors we may have if we decide to move forwards with a Parcel 1 purchase in Wyoming or similar areas.

Conclusion

The value of this IRL meeting of the facilitators was high. It demonstrated that IRL meetings are an important part of CityDAO. Real connections were made with each other, with the guilds and with the land. We believe that IRL meetings between citizens, facilitators and guilds should be a part of our goal. We would therefore like to establish a precedent that they be funded so that others, not only facilitators, but also citizens, may meet outside Discord and in real life.

For all airplane tickets, food, car rentals and expenses, the total cost for this trip was: $9005.27 The expense breakdown can be seen in this document: https://docs.google.com/spreadsheets/d/19Q_NZbbkc_yX_899-COaEo_TKxvI1U33nTJaUfuYupY/edit?usp=sharing

Citizens,

CityDAO must ensure treasury funds are utilized to fund day to day operations, pay taxes, reduce portfolio risk, and secure the financial longevity of CityDAO.

This proposal aims to give Treasury Management Authority of the Main Treasury Gnosis Safe [0x60e7343205C9C88788a22C40030d35f9370d302D] to the Finance Guild and specifically a Treasury Team within the guidelines presented here: https://forum.citydao.io/t/cip-57-treasury-management-authority/1342

These narrow guidelines for what can and can't be requested from the Main Treasury signers provide the flexibility to make decisions in the best interest of the DAO in a timely manner.

Hello Citizens!

We encourage everyone to vote on these important modifications to the Bundled Guild CIP and the CityDAO Charter. As the guilds have now been running for just over one month, these changes are meant to streamline, clarify and improve certain elements of governance.

All the relevant details can be found in the proposal at: https://forum.citydao.io/t/cip-56-amendments-to-the-bundled-guild-cip-and-charter/1343

SUMMARY: We propose initiating a partnership with Nemus - a project conserving land in the rainforest for conservation. For 19.5 ETH, CityDAO would purchase an XXL parcel, allowing us to display the CityDAO logo prominently on the Nemus parcel viewer while contributing to a great cause, and in return, Nemus will donate 125 parcels that the Real Estate Guild will distribute in a fair and transparent way to Citizens.

DETAILS: About Nemus: https://nemus.earth/

Funding Request: We are formally requesting authorization on behalf of CityDAO for the amount of 19.44 ETH which will be used to purchase an XXL Genesis Drop Parcel (“Sponsor Parcel”) plus GAS fees adequate to cover the minting (market-driven). We estimate the total community investment for funding requested under this Proposal will be approximately 19.5 ETH.

Benefits to CityDAO Citizens: 125 Genesis Drop 1 Parcel NFTs as gifts to Citizens (7.5 ETH of Value Returned). These parcels will be distributed in a fair/transparent manner by the CityDAO Real Estate Guild. Additionally, for future Seruini Parcel Drops (Drops 2-4) - Nemus will provide CityDAO citizens with up to 500 early access seats!

Benefits to CityDAO: ● Prominent CityDAO LOGO on the Nemus Parcel Viewer ● Amazing NFT for CityDAO Museum (Legendary Diamond Rarity by renowned artist Ben Kwok) ● Support for Conservation (We'll be conserving 81 Hectares of Rainforest!!! That's like 150 football fields!! Nemus estimates we will be helping lock up to 28,000 tons of carbon through our efforts as well!!) ● Engagement between two lively and like-minded communities ● International Community Engagement (CityDAO ops have been U.S. focused so far) ● Opportunities for teams to collaborate further - office hours, collab jam sessions, events, AMAs, etc

CityDAO Sponsors/Action Team: • The CityDAO Real Estate Guild is sponsoring this Proposal and the Real Estate Guild will manage the NFT reward drop in conjunction with Dev Team reps: @Casey (handling the Legendary NFT for CityDAO Museum) & @Tuncay / @mayurmistry / @mdnatx (Citizen drop mechanics), and community support from @Syntonikka / @Chance with design / merch support from @PatSantiago.

This is a non-binding, informal poll to see what direction citizens are most excited about going.

This will help inform future projects but note that our actual direction may be limited by funding, legal concerns, and other factors.

About each option:

Conservation and public goods: You believe CityDAO should focus on projects for public good like preserving land, carbon credits, protecting wildlife, etc

Building a city: You think that CityDAO should start building and governing a city somewhere now.

Buying land and real estate: You think CityDAO should experiment with buying and governing different types of properties, such as land, houses, apartments, islands, or other property types.