[Lnc-business] December Budget meeting and paying down mortgage

[Joshua Katz]

As an addendum on this:  the Policy Manual (in what is known as the Wiener
Rule, 2.03.17) requires us to budget $60,000 towards the mortgage in
odd-numbered years.  When the 2015 budget was under discussion, there was
some discussion about amending or suspending this rule.  We decided against
it, rightly in my view.  We budgeted $60,000.  Unfortunately, the best I
can recall what happens, the provision does not require us to actually pay
that much, just to budget it, and we paid less.  In my view, we should pay
at least the shortfall from last year this year, in addition to this year's
required payments.  We may be able to do more, and there may be a case for
doing so, but at the very least I think we should do what we must to live
up to the intent of the Wiener Rule.

Joshua A. Katz
Westbrook CT Planning Commission (L in R seat)

On Tue, Oct 18, 2016 at 1:30 PM, Caryn Ann Harlos <carynannharlos at gmail.com>
wrote:

> Sam, yes my terminology was imprecise.  I am referring to the Policy
> Manual payment, not a bank-mandated payment.
>
> On Tue, Oct 18, 2016 at 12:22 PM, Sam Goldstein <
> goldsteinatlarge at gmail.com> wrote:
>
>> Caryn Ann,
>>
>> I don't know where you got the impression that we missed a balloon
>> payment on the mortgage.  We have been on time with every mortgage payment
>> since we bought the office condo.
>>
>> I think what you are referring to is a Policy Manual item that says we
>> should make an effort in non-election years to pay a significant amount
>> over the mortgage payment to decrease the principal balance.  There is a
>> balloon payment due at the end of the current mortgage, which I think was
>> for 10 years.  Hopefully it will be paid off before then so we won't have
>> to refinance.
>>
>>
>>
>> Sam Goldstein
>> Libertarian National Committee
>> Member at Large
>> 8925 N Meridian St, Ste 101
>> Indianapolis IN 46260
>> 317-850-0726 Phone
>> 317-582-1773 Fax
>>
>> On Tue, Oct 18, 2016 at 12:56 PM, Caryn Ann Harlos <
>> carynannharlos at gmail.com> wrote:
>>
>>> A member asked me to write to followup on the earlier suggestion that we
>>> use some of our success in fundraising this year to pay down the mortgage.
>>>
>>> Can someone post a brief summary of where we are with this mortgage
>>> presently or where I can find that information myself, including details on
>>> the prior missed balloon payment?
>>>
>>> --
>>> *In Liberty,*
>>> *Caryn Ann Harlos*
>>> Region 1 Representative, Libertarian National Committee (Alaska,
>>> Arizona, Colorado, Hawaii, Kansas, Montana, Utah, Wyoming, Washington) - Caryn.Ann.
>>> Harlos at LP.org <Caryn.Ann.Harlos at LP.org>
>>> Communications Director, Libertarian Party of Colorado
>>> <http://www.lpcolorado.org>
>>> Colorado State Coordinator, Libertarian Party Radical Caucus
>>> <http://www.lpradicalcaucus.org>
>>>
>>>
>>>
>>>
>>>
>>> _______________________________________________
>>> Lnc-business mailing list
>>> Lnc-business at hq.lp.org
>>> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>>>
>>>
>>
>> _______________________________________________
>> Lnc-business mailing list
>> Lnc-business at hq.lp.org
>> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>>
>>
>
>
> --
> *In Liberty,*
> *Caryn Ann Harlos*
> Region 1 Representative, Libertarian National Committee (Alaska, Arizona,
> Colorado, Hawaii, Kansas, Montana, Utah, Wyoming, Washington) - Caryn.Ann.
> Harlos at LP.org <Caryn.Ann.Harlos at LP.org>
> Communications Director, Libertarian Party of Colorado
> <http://www.lpcolorado.org>
> Colorado State Coordinator, Libertarian Party Radical Caucus
> <http://www.lpradicalcaucus.org>
>
>
>
>
>
> _______________________________________________
> Lnc-business mailing list
> Lnc-business at hq.lp.org
> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://hq.lp.org/pipermail/lnc-business/attachments/20161018/e762eb87/attachment-0002.html>