> > Message: 7 > Date: Tue, 7 Feb 2012 11:41:35 -0600 > From: "Salli Weston, Scott Theisen" <vlad.petranella@...> > To: Northshield <northshield@...>, The Order of the Laurel > in Northshield <ns-laurels@...>, The Order of the > Pelican in Northshield <ns-pelicans@...>, The > Order of Chivalry in Northshield <ns-chivalry@...> > Subject: [Northshield] Settlement plan for Northshield > Message-ID: > <CAACw9jv4K_9fkdbh-AWikSz25-Vj09Zj7juEPCO3xQn=hKsqMg@...> > Content-Type: text/plain; charset=ISO-8859-1 > > Greetings to the people of Northshield, > > We want to thank you for your patience that has given us time to work > through this situation. We understand that this has been a difficult > time and it can feel like the someone from far away is taking what is > ours. It is true that the BOD has asked for our portion of the funds > for the settlement. Loss of this money may mean we have to make some > changes, but no other entity can lay claim to the true value of this > kingdom. The true riches of this kingdom are not monetary, they are > the heart and strength of the people of Northshield. They lay in the > manner in which we meet adversity together and move through it, the > way we support our friends and neighbors. The value of the soul of > this kingdom is incalculable and can never be taken. At a time like > this there is no other kingdom where we would rather be. It's good to > be Northshield. > > The Stallari Council had an emergency session Monday evening via > conference call regarding the SCA Inc. settlement (details on the > lawsuit can be found on the www.sca.org website) and the need to remit > money to SCA Corporate to pay the settlement. Each kingdom is being > asked to remit 18% of the Cash/Cashable Assets of the kingdom and its > groups as reported at the end of 2010. Northshield has been invoiced > for $44.768.16 due by 2/16/2012 as its portion of the $1,050,000.00 > needed by SCA Corporate for the settlement and legal fees. > > The amount that we were assessed was based upon the total cash assets > which include dedicated funds such as Endowment Fund, Travel Funds, > and other operating funds in addition to the local group funds and its > specific designations. We do have the ability to pay the total amount > from the Kingdom General Fund and Kingdom Savings funds, including > Certificates of Deposit (CDs) ,without touching any dedicated funds or > group funds although we will incur some penalties on the CD's we cash > out prior to maturity date. Doing so will severely hamper the > Kingdoms operating ability as well as pretty much eliminate all our > savings. > > As such we'll be asking our groups to help us as much as they are able > to so the Kingdom can remain solvent. We realize that many groups may > not have the ability to pay the full 18% of their cash assets or > perhaps anything without severely hampering their ability to operate, > hold events, and continue to make their groups viable. We will make > available the 18% group level assessment as soon as we get the exact > figures from SCA Corporate and will accept any donations from groups > or individuals. To put this in perspective, we have approximately > 1000 paid members within Northshield so if each member contributed $45 > it would > actually cover this request without any impact to our groups. Any > donations can be made to the Kingdom by writing checks to the 'Kingdom > of Northshield' and putting 'SCA Settlement' on the memo line. > Please mail any checks to the Kingdom Exchequer: > > Denise Plonis > 45317 Co Rd 172 > Deer River MN 56636 > > Donations can also be made directly to SCA Corporate but those > donations will not decrease to the amount the Kingdom of Northshield > has been asked to pay towards this settlement. > > The SCA Corporate is making an effort with litigation to recover money > due from the settlement from one of the insurance companies who > refused to pay towards the settlement. In the event the Kingdom > receives any reimbursements from the SCA Corporate, we will refund > group donations on a prorated basis to our groups first, unless > otherwise specified, before we reimburse any Kingdom accounts. Any > amounts reimbursed over the group donations will be put into Kingdom > Savings in order to strengthen our financial position and rebuild our > Kingdom 'nest egg'. Individual donations will not be reimbursed but if > the amount of donations and > reimbursement would happen to be over what the Kingdom has paid those > funds will also go into the Kingdom Savings account as the > administrative effort for doing individual reimbursements would be > prohibitive. > > Information on this will be made available within the next Northwatch > publication, on the Kingdom website, email lists and facebook, > communicated through the Seneschal and Exchequer email lists, and we > will reach out to our Baronages and populace. Any questions can be > submitted to Baron Rodrigo de Montoya at chris.lords@... as > well. > > We will continue to communicate our plans and anything new we find out > as we can. Our goal is to be morally responsible, do what we can to > help allow the SCA to continue to be something for all of us to enjoy, > and make sure our Kingdom and all our groups can continue to play as > well. > > Vladimir & Petranella > King and Queen of Northshield > > -- > Vladimir Radescu > Petranella Fitzallen
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