[Lnc-business] FW: requesting copies of copier/postage meter leaseagreements

[Sam Goldstein]

Not only is your math correct, but these contracts appear to be clear
violations of the LNC Policy Manual 2.04 (3) which
addresses Contracts and Contract Approval.  I don't see the LNC Chair's
signature on these contracts and I doubt they
were submitted to General Counsel for approval.

Sam Goldstein

On Wed, Nov 11, 2015 at 5:19 PM, Alicia Mattson <agmattson at gmail.com> wrote:

> For the copier, it appears that:
>
> The dealer listed the price of the copier as $11,160 (which is a little
> higher than buy-on-internet market where prices around $9k can be found).
> And there's a reference indicating that price factors in a trade-in of a
> previous model at a value not specified.
>
> But we didn't outright buy it.  Over 60 months, we're paying $508.24 per
> month, which adds up to $30,494.40 over the life of the agreement.
>
> That does not include maintenance, repair, and supplies which are paid for
> separately at a rate of just under $0.01 per page black and just under
> $0.08 color.
>
> And at the end of the lease, as a reward for our paying triple the
> purchase price of the machine over 5 years, we have the option of buying
> the machine not for $1.00, not for a discounted rate, but at "fair market
> value" as determined by the lease company.
>
> If I set up my amortization table correctly, if we had a zero balance due
> at the end of the term, that would imply an interest rate of between
> 49%-50% APR.  The real interest rate is higher than that because we still
> owe something at the end, and I don't know that dollar amount so I can
> adjust for it.
>
> Is my math right?
>
> -Alicia
>
>
>
>
> On Wed, Nov 11, 2015 at 12:33 PM, Alicia Mattson <agmattson at gmail.com>
> wrote:
>
>> Perhaps to help us get a feel for the type of equipment we're talking
>> about, I suggest that someone in the office with a cell phone camera just
>> take a quick picture of these items and email them to us.
>>
>> -Alicia
>>
>>
>>
>>
>> On Wed, Nov 11, 2015 at 12:10 PM, Alicia Mattson <secretary at lp.org>
>> wrote:
>>
>>> I was sending them off-list as Mr. Sarwark's message came out.
>>> Re-forwarding to the list now.
>>>
>>> -Alicia
>>>
>>> ---------- Forwarded message ----------
>>> From: Wes Benedict <wes.benedict at lp.org>
>>> Date: Wed, Nov 11, 2015 at 9:01 AM
>>> Subject: Fwd: FW: [Lnc-business] requesting copies of copier/postage
>>> meter leaseagreements
>>> To: LP Secretary <secretary at lp.org>
>>> Cc: Robert Kraus <robert.kraus at lp.org>, Nicholas Sarwark <chair at lp.org>
>>>
>>>
>>>
>>>
>>> -------- Forwarded Message -------- Subject: FW: [Lnc-business]
>>> requesting copies of copier/postage meter leaseagreements Date: Wed, 11
>>> Nov 2015 09:07:42 -0500 From: Robert Kraus <robert.kraus at lp.org>
>>> <robert.kraus at lp.org> To: chair at lp.org CC: 'Wes Benedict'
>>> <wes.benedict at lp.org> <wes.benedict at lp.org>
>>>
>>> FYI attached.
>>>
>>>
>>>
>>> Live Free!​​​​
>>>
>>>
>>>
>>> *Robert*
>>>
>>> Robert S. Kraus - Dir of Operations
>>> Operations at LP.org
>>> Libertarian National Committee
>>> Ph: 202.333.0008 x 231
>>>
>>>
>>>
>>> Join today: https://www.lp.org/membership
>>>
>>> LP FB Page: https://www.facebook.com/libertarians
>>> size=3 width="100%" align=center tabindex=-1>
>>>
>>> *From:* Lnc-business [mailto:lnc-business-bounces at hq.lp.org
>>> <lnc-business-bounces at hq.lp.org>] *On Behalf Of *Alicia Mattson
>>> *Sent:* Tuesday, November 10, 2015 11:36 PM
>>> *To:* lnc-business
>>> *Subject:* [Lnc-business] requesting copies of copier/postage meter
>>> leaseagreements
>>>
>>>
>>>
>>> I'm requesting that scans of the executed lease agreements for the
>>> copier and postage meter referenced in the Audit Committee report be
>>> emailed to the LNC in advance of this weekend's meeting.
>>>
>>> Thank you,
>>>
>>> Alicia
>>>
>>>
>>>
>>>
>>
>
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>
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