[Lnc-business] Possible motion to rescind Policy Manual provision regarding extra mortgage payments

[Scott L.]

Mr. Chair:

 

As you know, we have a provision in our Policy Manual that requires the LNC
to pay an extra $60,000 on the LPHQ mortgage in odd-numbered years.

 

Last week, the Secretary mentioned to me that during the EC budget work
session, you hinted that you might make a motion in New Orleans to rescind
that provision.

 

Are you planning on making such a motion in New Orleans?

 


The reason I am asking is that repealing this provision would obviously have
a large financial impact on this LNC, but it would also have a large impact
on the LNC that is tasked with making the balloon payment on the mortgage.

 

Because of the large financial impact, I think it would improve our decision
making process if we are able to debate this motion via e-mail over

the next 10 days, as opposed to having to squeeze in debating this topic in
between all the other issues that we will be dealing with in New Orleans.

 

 

    Scott Lieberman

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://hq.lp.org/pipermail/lnc-business/attachments/20141203/e65f4268/attachment-0001.html>