[Lnc-business] Added Mortgage Payment

[Caryn Ann Harlos]

If people were looking for that amortization worksheet Daniel Wiener
referenced, I dug it out of the LNC archives and attach it here.

-- 
*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 Mon, Nov 28, 2016 at 8:02 AM, Caryn Ann Harlos <carynannharlos at gmail.com>
wrote:

> I have stated my position.  And assuming no earth-shattering new
> information or argument, how I intend to vote.  Rationale already given.  I
> have other motions and items that require my present attention.
>
> On Monday, November 28, 2016, Ken Moellman <ken.moellman at lpky.org> wrote:
>
>>
>> Our Policy Manual also encourages specific fundraising for that purpose,
>> in the same section that creates the minimums and creates priority.
>>
>> "It shall be the goal of the LNC to completely pay off the office
>> mortgage as quickly as possible, and in any case prior to the due date of
>> the 10-year balloon payment. Towards that end the LNC shall budget a
>> minimum of $60,000 in each odd-numbered year to pay down the principal
>> until the mortgage balance is zero. *Fundraising for this specific
>> purpose shall be made a high priority.* This provision does not preclude *additional
>> fundraising* and prepayments in even-numbered years. " (emphasis added)
>>
>> The Policy Manual specifically requires that we give high priority
>> to raising money specifically to pay off the building.  Have we done so
>> this year? Do we have a plan to do so next year?
>>
>> The particular section specifically mentions specific fundraising twice.
>> While I think it is a reasonable assumption, based on the wording in the
>> manual, that a 1-for-1 match would be sufficient, I proposed a 2-for-1
>> because I do think it's important to pay down the mortgage and felt it
>> might be an acceptable compromise.
>>
>> If we can create some priority - staff should exist - then we've already
>> established that there's a balance to be struck.  With that established, I
>> believe that we can best comply with the Policy Manual and with the desires
>> of multiple LNC members by having the 2-for-1 matching scenario.
>>
>> And if the membership wants this to be a high-priority project, then
>> certainly they would put their money specifically toward that effort, would
>> they not?
>>
>> ---
>>
>> Ken C. Moellman, Jr.
>> LNC Region 3 Alternate Representative
>> LPKY Judicial Committee
>>
>>
>>
>> On 2016-11-28 09:10, Caryn Ann Harlos wrote:
>>
>> No it doesn't.  We have the 100K from the bequest that isn't part of our
>> fundraising windfall.  We have the deficit from the last payment to catch
>> up- putting us st around 150K.  Our policy manual - urges us- on our own-
>> to get ahead.  Putting the extra amount ahead is what is reasonable and
>> what I will be supporting.
>>
>> No one has suggested there is not money for other things and this insures
>> saved money for other things.  We can do a fundraiser next year with our
>> fiscally responsible choice in Dec as a selling point centerpiece.
>>
>>
>>
>> --
>> *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/>
>>
>>
>>
>>
>>
>>
>> --
>> *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 Monday, November 28, 2016, Ken Moellman <ken.moellman at lpky.org> wrote:
>>
>>>
>>> I guess it depends on who your target audience is.  When I walk into a
>>> shop and their IT infrastructure is a decade old, my immediate thought is
>>> that the company doesn't have their priorities in order.  Certainly, I'm
>>> biased in that regard.  Smaller manufacturing businesses are notorious from
>>> being way out of date.
>>>
>>> The Democratic Party provides websites for their candidates for a
>>> nominal fee. Why?  Because that way campaigns can focus on issues and real
>>> politicking, not spending excessive amounts of time on back-office work.
>>> They're out knocking on doors and building their base.
>>>
>>> The Republican Party, through the Kochs, is building a massive database
>>> of voters for their Big Data project. Why?  Because that way they know what
>>> issues drive voters. They can micro-target messaging, making their outreach
>>> and GOTV more efficient.
>>>
>>> The Libertarian Party currently has a mailing list that sends everything
>>> to a Google list so that people can subscribe to the Google list to watch.
>>>
>>> If we are to appeal to the Millenial generation, we can't be running on
>>> a 286 in a basement.  Once upon a time, the LP was ahead of the game when
>>> it came to technology.  We have stagnated and let our competition overtake
>>> us. If our primary political opponents are crushing us on the phones and at
>>> the door, how do we ever expect to win?
>>>
>>> When I became chair of LPKY in 2007, we had no IT infrastructure. We had
>>> a website that was put in place by the previous chair, that cost too much
>>> money, was poorly organized, and didn't do the job.  Thankfully, the
>>> situation isn't exactly parallel - while there are problems, we don't have
>>> to start over from scratch. But it will take time and investment to get the
>>> website to where it needs to be. That will happen.  Likewise, other parts
>>> of our operation need to have similar focus.
>>>
>>> I'm all about paying down debt. I absolutely love it, conceptually. I
>>> just don't want to see us cripple the party in 2017 in order to achieve the
>>> goal of paying off that debt.
>>>
>>> So here's what I'd propose, if we want to put over $200K toward the
>>> mortgage. Let's do a 2-for-1 donation match. We put $60K in the budget, as
>>> required. Subtracted from the proposed $207,500, that leaves $147,500. For
>>> ease of numbers, let's round that up to $50,000.  So, if we can raise
>>> $50,000 specifically for paying off the building, we will put $100,000 as
>>> the match.  Let's let our membership determine the projects on which they
>>> want us to spend the money.
>>>
>>> Does that seem reasonable?
>>>
>>> ---
>>>
>>> Ken C. Moellman, Jr.
>>> LNC Region 3 Alternate Representative
>>> LPKY Judicial Committee
>>>
>>>
>>>
>>> On 2016-11-28 08:31, Caryn Ann Harlos wrote:
>>>
>>> I would further note- if we make this payment now and make NO additional
>>> payments (which I do not support) because the 60k is needed next year (odd
>>> numbered year) - we will have freed future Libertarians from the balloon
>>> payment AND an amount in interest that would pay a good chunk of a ballot
>>> access drive.  In every scenario, this is the right choice.  And we would
>>> have only two more policy manual extra payments - 2017 and 2019- and the
>>> mortgage would be paid in full just by the 2020 election- a fantastic
>>> example for others.  We will have set up the next LNC for success.
>>>
>>> And our fiscal responsibility can be used in our new member retention
>>> program as they can trust we are wise with funds.
>>>
>>> --
>>> *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 Monday, November 28, 2016, Caryn Ann Harlos <carynannharlos at gmail.com>
>>> wrote:
>>>
>>>> There is no proposal to spend "all" of the discretionary monies.
>>>>
>>>> And Hagan pointed out this is a way we can have access to the bulk of a
>>>> bequest that the donor certainly wished we had access to.
>>>>
>>>> The bequest money isn't available in that amount now for this OR that.
>>>> It is available for this.
>>>>
>>>> Hagan's last option is the most prudent and responsible and does not
>>>> require anything like an "all" scenario and doesn't burden the next decade
>>>> of Libertarians with interest that the policy manual urged us to avoid in
>>>> making more than the 60K extra- and here with the bequest we have the
>>>> opportunity to access over 100K and have an unexpected windfall in new
>>>> members.
>>>>
>>>> If any other priority is given as well - new member retention must be
>>>> up there as mentioned in emails leading up to the Sept meeting.
>>>>
>>>> As for the website - well members were told that in 2006 too, and that
>>>> data is still waiting.
>>>>
>>>> --
>>>> *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 Monday, November 28, 2016, Ken Moellman <ken.moellman at lpky.org>
>>>> wrote:
>>>>
>>>>>
>>>>> My goal isn't to pull something over on people.  If nothing else, know
>>>>> that I am open with my personal thoughts on matters -- as you may have
>>>>> noticed -- and I'm not trying to hide anything. I'm a Libertarian; I don't
>>>>> believe in using force or fraud.
>>>>>
>>>>> There are other IT issues beyond the website that I dare not mention
>>>>> on a public list; things that range from embarrassing to disabling. I'll be
>>>>> more than happy to discuss these issues in person in December.
>>>>>
>>>>> The new IT committee is taking over from a previous committee with an
>>>>> entirely different personnel makeup.  The new IT Committee, such as it
>>>>> exists at the moment, is far from ignoring the calls for repairs and
>>>>> changes to the website. This is a priority of everyone involved.  This is
>>>>> currently being done under staff direction, and they are working on it.
>>>>> The website continues to be populated with important information, and will
>>>>> continue to evolve and have more information added/returned, in addition to
>>>>> other important website changes. (Ironically, I was trying to find out
>>>>> exactly when the building was purchased and couldn't because that
>>>>> information wasn't brought over. Heh.)  In sum, the website will get fixed
>>>>> to the best of our ability.
>>>>>
>>>>> But if all the discretionary income gets spent on the mortgage (which
>>>>> is not the worst way to spend it) then there won't be an opportunity to get
>>>>> other fixes in place.  And that's just IT.  I know there are Ballot Access
>>>>> drives in our future in 2017 - Arkansas and Ohio, specifically - and those
>>>>> won't be cheap.  Arkansas will be about $37,500 and Ohio will be about
>>>>> $255,000, based on 2016 validity rates and assuming no volunteer signatures
>>>>> or other sources of funding (which there will be, of course).
>>>>>
>>>>> In my opinion, we need to really leverage 2016 to get a
>>>>> record-breaking amount of fundraising in the "after-year".
>>>>>
>>>>> ---
>>>>>
>>>>> Ken C. Moellman, Jr.
>>>>> LNC Region 3 Alternate Representative
>>>>> LPKY Judicial Committee
>>>>>
>>>>>
>>>>>
>>>>> On 2016-11-27 23:26, Caryn Ann Harlos wrote:
>>>>>
>>>>> Now that wasn't the entirety of my argument, but I am not getting into
>>>>> another LNC spitting match.  Interested members and readers can go through
>>>>> my comments and see what I said- the policy manual was a big part, but a
>>>>> part and not the entirety.  It is indeed less out of date then than now.
>>>>> And something obviously know as the passage of time and aging is a known
>>>>> quantity.  As is debt and interest, something Libertarians are supposed to
>>>>> model fiscal responsibilities for.  And having not transferred 83% of our
>>>>> data certainly will look to our members like throwing good money after bad.
>>>>>
>>>>>
>>>>> This is selling the members a bill of goods.  Just like they are
>>>>> suspecting on the website data loss.  We have not inspired confidence, and
>>>>> I am not about to vote to further sell our word down the river.  The
>>>>> ludicruousness of the proposition that a reading would mean to fire staff
>>>>> if my reading that surpluses need to be given priority there is as
>>>>> self-evident to me as the idea that we also do not need to sell ourselves
>>>>> into slavery as committee persons.  If it is not self-evident, then the sky
>>>>> is a different colour in my world.
>>>>>
>>>>> With the data loss (more accurately lack of transfer - and there is
>>>>> still a folfer of files from the 2006 site that were supposed to be
>>>>> restored and not) and what I and enough others see as mismanagement of the
>>>>> website transfer, if I were an affiliate, I would not be entrusting my
>>>>> affiliate's email to a natonal-provided service.  Let's get the website
>>>>> straightened out and then perhaps other investments will be in order.
>>>>>
>>>>> And certainly that is not a bigger priority than already incurred
>>>>> debt.  There is ALWAYS something great to spend money on.  We are selling
>>>>> the efforts of future Libertarians just like our country is selling the
>>>>> future of today's children.  No.  I will not do that.  If we can't
>>>>> elimiante our own debt we have zero business thinking we can tell others
>>>>> that is how they have to live.
>>>>>
>>>>> --
>>>>> *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 9:13 PM, Ken Moellman <ken.moellman at lpky.org>
>>>>> wrote:
>>>>>
>>>>>> My contention is that there may be other priorities upon which a
>>>>>> portion of the proposed $207,500 spending on the office mortgage should be
>>>>>> spent. I included the examples of Ballot Access and IT Infrastructure.
>>>>>> Your contention is that the priority must be given to the paying off
>>>>>> of the mortgage, because the Policy Manual says so.
>>>>>>
>>>>>> The Policy Manual states in Section 2.03.17:
>>>>>>
>>>>>> "It shall be the goal of the LNC to completely pay off the office
>>>>>> mortgage *as quickly as possible*, and in any case prior to the due
>>>>>> date of the 10-year balloon payment. Towards that end the LNC shall budget
>>>>>> a minimum of $60,000 in each odd-numbered year to pay down the principal
>>>>>> until the mortgage balance is zero. Fundraising for this specific purpose
>>>>>> shall be made a high priority. This provision does not preclude additional
>>>>>> fundraising and prepayments in even-numbered years. "  (emphasis added)
>>>>>>
>>>>>> The portion of the policy manual highlighted above seems to be that
>>>>>> to which you reference when you made your statement.
>>>>>>
>>>>>> Additionally, you state that you are unwilling to give higher
>>>>>> priority to the IT Infrastructure, stating that the infrastructure was a
>>>>>> decade old when the building was purchased.
>>>>>>
>>>>>> First, the infrastructure was less out-of-date than it is now. It
>>>>>> continues to get further and further out of date.  We continue to use hacks
>>>>>> and other non-standard practices to accomplish goals with the existing
>>>>>> infrastructure, rather than upgrade.  There is a real cost to this.
>>>>>> LPedia's decay is an easy example of what happens when things don't get
>>>>>> upgraded - upgrading MediaWiki to a newer version is incredibly painful at
>>>>>> this point.
>>>>>>
>>>>>> Second, IT infrastructure upgrades would actually make staff and
>>>>>> affiliate parties more productive. Imagine if LP National could, as part of
>>>>>> a broader upgrade, provide basic services to affiliate parties such as
>>>>>> email services. Instead of 52 organizations all trying to figure out how to
>>>>>> manage email, we could upgrade National's email infrastructure and provide
>>>>>> email services to all 51 affiliates.
>>>>>>
>>>>>> Third, there are real security issues that do need to be addressed.
>>>>>> There are security patches released almost every single day. We're
>>>>>> approximately 3000 days behind on security patches on a few pieces of our
>>>>>> infrastructure.
>>>>>>
>>>>>> Now, if we are to forgo some projects with clear benefits, like IT
>>>>>> Infrastructure improvements, because the Policy Manual tells us we must pay
>>>>>> down the mortgage before all other things, then what is ludicrous with
>>>>>> suggesting using the staff budget for further paying down the mortgage?
>>>>>>
>>>>>> Certainly, I think it's a bad idea.  But I also think foregoing other
>>>>>> important tasks in favor of paying down the mortgage is also a bad idea.
>>>>>>
>>>>>> That's just my $0.02 on the matter.
>>>>>>
>>>>>> ---
>>>>>>
>>>>>> Ken C. Moellman, Jr.
>>>>>> LNC Region 3 Alternate Representative
>>>>>> LPKY Judicial Committee
>>>>>>
>>>>>>
>>>>>>
>>>>>> On 2016-11-27 22:35, Caryn Ann Harlos wrote:
>>>>>>
>>>>>> 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
>>>>>>> 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
>>>>>>>> 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
>>>>>>>>>
>>>>>>>>> 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
>>>>>>>>>
>>>>>>>>> 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
>>>>>>>> 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
>>>>>>> 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
>>>>>> 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
>>>>> 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
>>>> 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
>>> 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
>> 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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