[Lnc-business] Added Mortgage Payment

Tue Nov 29 13:51:43 EST 2016

I have been a dissenting voice as well.  I am inclined to be positive
towards this suggestion, but I don't want to commit myself without more
time to think.  However, I stand by my desire to take it up after the
budget, at which point it is possible I'd favor a larger amount than this.

Joshua A. Katz

On Tue, Nov 29, 2016 at 12:23 PM, Caryn Ann Harlos <carynannharlos at gmail.com
> wrote:

> 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>
>
>
>
>
>
> _______________________________________________
> Lnc-business mailing list
> Lnc-business at hq.lp.org
> http://hq.lp.org/mailman/listinfo/lnc-business_hq.lp.org
>
>
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