[Lnc-business] Added Mortgage Payment

[Caryn Ann Harlos]

Ken, I have been doing some thinking, and while I am not saying I support
what I am about to say, I don't oppose it, and IF there is some compromise
position (though with all due respect - when you say to satisfy the desires
of some LNC members - you so far have been the only dissenting voice and
are an alternate - we do not yet know what your regional representative
thinks on the issue), using round numbers, this one:

We shorted 2015 by about 40K.
We have about 105K that we can take from the bequest that would not
otherwise be accessible.

That puts us at roughly 145K which would be satisfying our prior obligation
AND accessing money that is not coming from any other line item next year
(thus not shorting any other project).

So we were proposing paying another 55K.  If we did that, we could not make
any further Wiener rule payments and still pay off early with no balloon.

We could allot this 55K, not as an extra "payment" but as the 2017 Wiener
rule payment which we *already have to pay* if we are going to be
compliant.   And we would be making an extra payment this year - only it is
coming out of the bequest.
So that is a 205K payment in 2017 which does not take away from anything
else in extra payment.  And we would still be committed to the Wiener rule
payment in 2019.

This is basically getting back to Sam's original proposal of $150K.  That
is the minimum I would accept in light of this information.  We are
obligation to do a 60K payment in 2017 - what is at issue is whether we do
an "additional" 60K payment.  But we could even perhaps do that - depending
on how the bequest rules are- we could make the 105K building fund this
year and exhaust the Bequest in the next year and use that generous donor's
money to get us more quickly out of this.  AND still fund-raise to make
additional payments.

And this does not keep us from having funds for other projects.

I am not saying this is what I support but this is a reasonable path.

-- 
*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 Mon, Nov 28, 2016 at 9:25 PM, Caryn Ann Harlos <carynannharlos at gmail.com>
wrote:

> 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>
>
>
>
>
>


-- 
*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>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://hq.lp.org/pipermail/lnc-business/attachments/20161129/e396616a/attachment-0002.html>