[Lnc-business] Added Mortgage Payment

Sun Nov 27 22:35:24 EST 2016

No frankly that is a ludicrous interpretation. And paying any more interest
that we have to in member money (OPM) is even moreso.  This is why members
view this body with distrust.

-- 
*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
Communications Director, Libertarian Party of Colorado
<http://www.lpcolorado.org/>
Colorado State Coordinator, Libertarian Party Radical Caucus
<http://www.lpradicalcaucus.org/>

On Sun, Nov 27, 2016 at 8:22 PM, Ken Moellman <ken.moellman at lpky.org> wrote:

>
> I'm just pointing out that there are other items that also need
> attention.  As an alternate, I probably won't get a vote anyway.
>
> If we are to take the strictest interpretation of 2.03.17, we should lay
> off all of the staff and put their salaries toward the building debt as
> well. However, I would suggest that doing so would be a foolish approach.
>
> Putting off IT infrastructure upgrades is only going to make the
> inevitable more painful in the long-term.
>
> ---
>
> Ken C. Moellman, Jr.
> LNC Region 3 Alternate Representative
> LPKY Judicial Committee
>
>
>
> On 2016-11-27 22:06, Caryn Ann Harlos wrote:
>
> Further the bequest rules make it a no-brainer in my view.
>
> --
> *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/>
>
> On Sun, Nov 27, 2016 at 8:04 PM, Caryn Ann Harlos <
> carynannharlos at gmail.com> wrote:
>
>> Hi Ken, while I appreciate that, our Policy Manual puts the building
>> pay-off as a priority.  We can always find an excuse to put that off.  I
>> will not.  If we are going to expect our government to follow commitments
>> and shed debt, we must.  The IT infrastructure that exists - existed at the
>> same time we got the mortgage.  We sold the idea of the mortgage to members
>> on a certain committement and vision, and I fully intend to keep it.
>>
>> --
>> *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/>
>>
>> On Sun, Nov 27, 2016 at 7:45 PM, Ken Moellman <ken.moellman at lpky.org>
>> wrote:
>>
>>>
>>> All -
>>>
>>> While paying off the building faster is a great goal, we may have other
>>> priorities.
>>>
>>> Specifically, we have 12 states without ballot access at this time, and
>>> we have an IT infrastructure that's from the last century - literally.
>>> These things will take money to remedy.
>>>
>>> Just something to keep in mind.
>>>
>>> ---
>>>
>>> Ken C. Moellman, Jr.
>>> LNC Region 3 Alternate Representative
>>> LPKY Judicial Committee
>>>
>>>
>>>
>>> On 2016-11-27 19:42, David Demarest wrote:
>>>
>>> Tim,
>>>
>>>
>>>
>>> Your plan sets a good example of fiscal responsibility for all
>>> Libertarians. I also support your higher amount.
>>>
>>>
>>>
>>> Thoughts?
>>>
>>>
>>>
>>> *The War on Compulsory Authoritarian Majority Rule Cronyism Begins Now*
>>>
>>>
>>>
>>> ~David Pratt Demarest
>>>
>>>
>>>
>>> *From:* Lnc-business [mailto:lnc-business-bounces at hq.lp.org] *On Behalf
>>> Of *Caryn Ann Harlos
>>> *Sent:* Sunday, November 27, 2016 4:33 PM
>>> *To:* Tim Hagan <timhagan-tyr at yahoo.com>; Libertarian National
>>> Committee list <lnc-business at hq.lp.org>
>>> *Subject:* Re: [Lnc-business] Added Mortgage Payment
>>>
>>>
>>>
>>> Tim,
>>>
>>>
>>>
>>> That sounds like the smart plan.  Future Libertarians will thank us.  I
>>> support your higher amount.
>>>
>>>
>>>
>>>
>>>
>>> --
>>>
>>> *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/>
>>>
>>>
>>>
>>> On Sun, Nov 27, 2016 at 2:50 PM, Tim Hagan <timhagan-tyr at yahoo.com>
>>> wrote:
>>>
>>> I will call your $150,000 and raise it to $207,500. I request we add 20
>>> minutes to the December meeting agenda for a motion to make a payment on
>>> the principal on our office mortgage.
>>>
>>> The mortgage's loan rate is 4.85% with a balloon payment at ten years,
>>> which is in July 24, 2024. Robert was kind enough to furnish the attached
>>> load amortization spreadsheet. I ran five scenarios on it to get the amount
>>> of interest we will pay from December 2016 to when the balloon payment is
>>> due, and to get the amount of the balloon payment that will be due at that
>>> time.
>>>
>>> Without any more prepayments (not paying an extra $60,000 on
>>> odd-numbered years):
>>> Interest: $139,400.40
>>> Balloon payment due 7/24/2024: $301,040.34
>>>
>>> With the current policy of paying an extra $60,000 on odd-numbered years:
>>> Interest: $84,900.77
>>> Balloon payment due 7/24/2024: $6,540.71
>>>
>>> Paying an additional $207,500 in the December payment, and not paying
>>> extra in future years:
>>> Interest: $45,751.59
>>> Balloon payment due 7/24/2024: $0.00
>>>
>>>
>>>
>>> Paying an additional $150,00 in the December payment, and paying an
>>> extra $60,000 on odd-numbered years:
>>> Interest: $32,805.22
>>> Mortgage gets paid off July 2021.
>>>
>>> Paying an additional $207,500 in the December payment, and paying an
>>> extra $60,000 on odd-numbered years:
>>> Interest: $19,879.20
>>> Mortgage gets paid off May 2020.
>>>
>>> As you can see, paying $207,500 in December will eliminate having a
>>> balloon payment in 2024 and will save at least $39k in interest. If we keep
>>> the Weiner rule, it will save $65k in interest and have the mortgage paid
>>> off four years early. The targeted Reserve is the sum of all monthly
>>> occupancy, labor and governance expenses, which comes to $45,292. At the
>>> end of October, the reserve was at $415,669, so I am comfortable with
>>> paying $207,500, even if next year's budget has a large deficit. We will
>>> have new reserve number before the meeting.
>>>
>>> The trust from a bequest has $167,404. We have been taking the maximum
>>> allowable amount out each year for the general fund. A law passed December
>>> 2014 now allows national political committees to have a separate segregated
>>> building fund with its own contribution limit of three times the limit for
>>> the general fund. We have not done this before, because we needed the
>>> bequest for the general fund, but we can transfer up to $100,200 from the
>>> bequest to the building fund and use those funds toward making a payment on
>>> the mortgage principal.
>>>
>>> My preference is to pay at least $207,500 toward the mortgage principal
>>> to save on interest payments and to ensure no balloon payment. If that
>>> passes, then I would favor reducing the policy to budget an extra $60k on
>>> odd years.
>>>
>>> Tim Hagan
>>>
>>>
>>> ------------------------------
>>>
>>> *From:* Sam Goldstein <goldsteinatlarge at gmail.com>
>>> *To:* lnc-business at hq.lp.org
>>> *Sent:* Sunday, November 27, 2016 8:11 AM
>>> *Subject:* [Lnc-business] Added Mortgage Payment
>>>
>>>
>>>
>>> I intend to make a motion at our next meeting to spend a good portion of
>>> our 2016 surplus to make a payment on the principal on our office mortgage.
>>>
>>>
>>>
>>>
>>> Not knowing our final numbers at this time lends some uncertainty to
>>> that number, but I would like to start the bidding at $150,000.  That
>>> amount ought to leave us in a very favorable position as to our ongoing
>>> reserve for unforeseen expenses over the next few years.
>>>
>>>
>>>
>>> Does anyone want to offer a lower/higher amount?  If so, what is your
>>> reasoning.
>>>
>>>
>>>
>>> Thanks and
>>>
>>>
>>>
>>> Live Free,
>>>
>>>
>>>
>>>
>>>
>>> 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
>>>
>>>
>>>
>>> _______________________________________________
>>> 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
>>>
>>>
>>> _______________________________________________
>>> 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>
>>
>>
>>
>>
>>
>
>
>
> --
> *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>
>
>
>
>
>
>

-- 
*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>
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