CIP 3: Authorize CityDAO to purchase a parcel of land

Summary

This proposal authorizes CityDAO to spend up to $150,000 (approx. 50% of the CityDAO treasury) on a parcel of land, including land cost, taxes, and broker and legal fees that may be associated.

Discussion

Over the last few weeks, we have been discussing optimal criteria for selecting a land parcel. This included distance to an airport, maximizing freedom of zoning, ease of access via road, and available resources like water and power. We have debated different options and have an ongoing discussion in Discourse here.

Summaries, listing info, and virtual tours of our top parcels are at the bottom of this proposal.

Caveats

• The ability to use any of the land may be limited by Wyoming state law, Clark County law, and CityDAO, especially if its in a subdivision (see notion) which can impose additional rules.
• Further decisions are needed around mechanisms for land tokenization (lease, easements, community governance, etc) and will be decided in separate proposals.
• CityDAO is operating in a legally novel zone and is a risky project.

Voting Guide

Research (see below resources) and select your favorite parcel. You can ask questions and discuss in Discord town-square-text channel. You may vote on a parcel, or vote to postpone the vote and propose a new parcel or ask for more discussion and research.

Resources

We have debated different options and have an ongoing discussion in Discourse. https://forum.citydao.io/t/land-selection-discussion/15

Summaries, listing info, and virtual tours of our top parcels: https://citydao.notion.site/Parcel-0-Selection-Parcels-e25f25978d094ff5b15021eb4ddf425b