[Lnc-business] Agenda Item - Amend Weiner Rule

Caryn Ann Harlos caryn.ann.harlos at lp.org
Wed Nov 28 09:16:24 EST 2018


Perfect.  (we can name the toilets tho:)

On Wed, Nov 28, 2018 at 7:04 AM Lauren Daugherty via Lnc-business <
lnc-business at hq.lp.org> wrote:

> It would actually help fundraising to lower the amount required by the
> Weiner Rule.
>
> As the primary fundraiser for the party, I have significant heartburn
> about our ability to raise $60k for the building fund in any given year.
> We are highly unlikely to get a matching gift for it in 2019 like we did
> in 2017. Plus all of the rooms that can be named, have been named. So we
> don't have that to help encourage large donations any longer. We could
> open up naming rights for stairwells, perhaps, but that is a slightly
> different issue.
>
> The time and money needed to likely raise $60k for the building fund in
> 2019 would be substantial and it would detract from other important
> fundraising.
>
> I strongly support Tim's motion to reduce the amount required by the
> Weiner Rule.
>
> Lauren Daugherty
> Interim Executive Director
> Libertarian National Committee
>
> On 11/28/2018 3:01 AM, Caryn Ann Harlos via Lnc-business wrote:
> >     The original intent was at a minimum to have no balloon payment?  And
> >     bringing it down - would that hurt fundraising since we use that as a
> >     fundraising item?
> >
> >     On Tue, Nov 27, 2018 at 9:33 PM Tim Hagan via Lnc-business
> >     <[1]lnc-business at hq.lp.org> wrote:
> >
> >       Appears like we would save $9,589 in interest by continuing with
> the
> >       current policy versus changing it to $20,000.
> >       Current policy with $60,000 payments on December of odd-numbered
> >       years:
> >       $20,551 in interest, and the mortgage gets paid off January 2022.
> >       Proposed amendment with $20,000 payments on December of
> odd-numbered
> >       years: $30,130 in interest, and the mortgage gets paid off January
> >       2024.
> >       If the policy is rescinded and no extra payments are made: $51,898
> >       balloon payment due June 2024 and paid $38,250 in interest
> >       ---
> >       Tim Hagan
> >       Treasurer, Libertarian National Committee
> >       On 2018-11-27 01:41, Alicia Mattson via Lnc-business wrote:
> >       > Tim,
> >       >    Prior to the meeting, would you calculate how much interest we
> >       would
> >       >    save by continuing with the current $60,000 policy, as opposed
> >       to
> >       >    changing it to $20,000?
> >       >    -Alicia
> >       >
> >       >    On Mon, Nov 26, 2018 at 9:11 PM Tim Hagan via Lnc-business
> >       >    <[1][2]lnc-business at hq.lp.org> wrote:
> >       >
> >       >         I request 15 minutes on the agenda to amend the Policy
> >       Manual
> >       >      Section
> >       >         2.03, Subsection 17, Office Mortgage.
> >       >         The motion will be to change $60,000 to $20,000.
> >       >         The subsection would then read:
> >       >         17) Office Mortgage
> >       >         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 $20,000 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.
> >       >         We have paid down the principle enough where, if no more
> >       >      additional
> >       >         prepayments are made, the balloon payment due in June
> 2024
> >       will
> >       >      be
> >       >         $51,900. It's possible to reduce the prepayment
> >       requirement to
> >       >      making
> >       >         payments of $17,300 in 2019, 2021, and 2023 and still not
> >       have
> >       > a
> >       >         balloon payment. With our current financial situation of
> >       being
> >       >      below
> >       >         the target reserve and needing to have a realistic 2019
> >       budget,
> >       >      it may
> >       >         be better to not have to divert the full $60,000 to the
> >       > mortgage
> >       >      next
> >       >         year.
> >       >         --
> >       >         Tim Hagan
> >       >         Treasurer, Libertarian National Committee
> >       >
> >       > References
> >       >
> >       >    1. mailto:[3]lnc-business at hq.lp.org
> >
> >     --
> >
> >       In Liberty,
> >     [uc?id=1DeRjq-L8dvRZabgEG94VkkUvjoHatcfP&export=download]
> >     Libertarian Party and Libertarian National Committee
> >     Secretary - [4]Caryn.Ann. Harlos at LP.org or Secretary at LP.org.
> >     Chair, LP Historical Preservation Committee - LPedia at LP.org
> >     Call me at 561.523.2250 and follow my public figure page
> >     at [5]facebook.com/pinkflameofliberty/
> >
>  =======================================================================
> >     ==
> >     Peaceful Commerce With All Nations * Non-interventionism *
> Re-Legalize
> >     All Drugs * End Government Intrusion In The Bedroom * Repeal All Gun
> >     Laws * Abolish All Taxation * Sound, Free-market Money * Abolish The
> >     Fed * End Corporate & Individual Welfare * Abolish The IRS and Repeal
> >     the Income Tax * Privatize Transportation Infrastructure *
> Free-market
> >     Emergency Services * Open Migration * Transfer Government Schools To
> >     The Private Sector * Eliminate Regulation *
> >     VOTE LIBERTARIAN * 800-ELECT-US or [6]http://www.LP.org
> >
>  =======================================================================
> >     ==
> >
> > References
> >
> >     1. mailto:lnc-business at hq.lp.org
> >     2. mailto:lnc-business at hq.lp.org
> >     3. mailto:lnc-business at hq.lp.org
> >     4. mailto:Caryn.Ann.Harlos at LP.org
> >     5. http://facebook.com/pinkflameofliberty/
> >     6. http://www.lp.org/
> >
>
>

-- 

*  In Liberty,*

*Libertarian Party and Libertarian National Committee Secretary *- Caryn.Ann.
Harlos at LP.org <Caryn.Ann.Harlos at LP.org> or Secretary at LP.org.
*Chair, LP Historical Preservation Committee* - LPedia at LP.org
Call me at 561.523.2250 and follow my public figure page at
facebook.com/pinkflameofliberty/

=========================================================================
Peaceful Commerce With All Nations * Non-interventionism * Re-Legalize All
Drugs * End Government Intrusion In The Bedroom * Repeal All Gun Laws *
Abolish All Taxation * Sound, Free-market Money * Abolish The Fed * End
Corporate & Individual Welfare * Abolish The IRS and Repeal the Income Tax
* Privatize Transportation Infrastructure * Free-market Emergency Services
* Open Migration * Transfer Government Schools To The Private Sector *
Eliminate Regulation *

*VOTE LIBERTARIAN * 800-ELECT-US or http://www.LP.org <http://www.lp.org/>*
=========================================================================
-------------- next part --------------
   Perfect.  (we can name the toilets tho:)

   On Wed, Nov 28, 2018 at 7:04 AM Lauren Daugherty via Lnc-business
   <[1]lnc-business at hq.lp.org> wrote:

     It would actually help fundraising to lower the amount required by
     the
     Weiner Rule.
     As the primary fundraiser for the party, I have significant
     heartburn
     about our ability to raise $60k for the building fund in any given
     year.
     We are highly unlikely to get a matching gift for it in 2019 like we
     did
     in 2017. Plus all of the rooms that can be named, have been named.
     So we
     don't have that to help encourage large donations any longer. We
     could
     open up naming rights for stairwells, perhaps, but that is a
     slightly
     different issue.
     The time and money needed to likely raise $60k for the building fund
     in
     2019 would be substantial and it would detract from other important
     fundraising.
     I strongly support Tim's motion to reduce the amount required by the
     Weiner Rule.
     Lauren Daugherty
     Interim Executive Director
     Libertarian National Committee
     On 11/28/2018 3:01 AM, Caryn Ann Harlos via Lnc-business wrote:
     >     The original intent was at a minimum to have no balloon
     payment?  And
     >     bringing it down - would that hurt fundraising since we use
     that as a
     >     fundraising item?
     >
     >     On Tue, Nov 27, 2018 at 9:33 PM Tim Hagan via Lnc-business
     >     <[1][2]lnc-business at hq.lp.org> wrote:
     >
     >       Appears like we would save $9,589 in interest by continuing
     with the
     >       current policy versus changing it to $20,000.
     >       Current policy with $60,000 payments on December of
     odd-numbered
     >       years:
     >       $20,551 in interest, and the mortgage gets paid off January
     2022.
     >       Proposed amendment with $20,000 payments on December of
     odd-numbered
     >       years: $30,130 in interest, and the mortgage gets paid off
     January
     >       2024.
     >       If the policy is rescinded and no extra payments are made:
     $51,898
     >       balloon payment due June 2024 and paid $38,250 in interest
     >       ---
     >       Tim Hagan
     >       Treasurer, Libertarian National Committee
     >       On 2018-11-27 01:41, Alicia Mattson via Lnc-business wrote:
     >       > Tim,
     >       >    Prior to the meeting, would you calculate how much
     interest we
     >       would
     >       >    save by continuing with the current $60,000 policy, as
     opposed
     >       to
     >       >    changing it to $20,000?
     >       >    -Alicia
     >       >
     >       >    On Mon, Nov 26, 2018 at 9:11 PM Tim Hagan via
     Lnc-business
     >       >    <[1][2][3]lnc-business at hq.lp.org> wrote:
     >       >
     >       >         I request 15 minutes on the agenda to amend the
     Policy
     >       Manual
     >       >      Section
     >       >         2.03, Subsection 17, Office Mortgage.
     >       >         The motion will be to change $60,000 to $20,000.
     >       >         The subsection would then read:
     >       >         17) Office Mortgage
     >       >         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 $20,000 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.
     >       >         We have paid down the principle enough where, if
     no more
     >       >      additional
     >       >         prepayments are made, the balloon payment due in
     June 2024
     >       will
     >       >      be
     >       >         $51,900. It's possible to reduce the prepayment
     >       requirement to
     >       >      making
     >       >         payments of $17,300 in 2019, 2021, and 2023 and
     still not
     >       have
     >       > a
     >       >         balloon payment. With our current financial
     situation of
     >       being
     >       >      below
     >       >         the target reserve and needing to have a realistic
     2019
     >       budget,
     >       >      it may
     >       >         be better to not have to divert the full $60,000
     to the
     >       > mortgage
     >       >      next
     >       >         year.
     >       >         --
     >       >         Tim Hagan
     >       >         Treasurer, Libertarian National Committee
     >       >
     >       > References
     >       >
     >       >    1. mailto:[3][4]lnc-business at hq.lp.org
     >
     >     --
     >
     >       In Liberty,
     >     [uc?id=1DeRjq-L8dvRZabgEG94VkkUvjoHatcfP&export=download]
     >     Libertarian Party and Libertarian National Committee
     >     Secretary - [4]Caryn.Ann. Harlos at LP.org or Secretary at LP.org.
     >     Chair, LP Historical Preservation Committee - LPedia at LP.org
     >     Call me at 561.523.2250 and follow my public figure page
     >     at [5][5]facebook.com/pinkflameofliberty/
     >
     ====================================================================
     ===
     >     ==
     >     Peaceful Commerce With All Nations * Non-interventionism *
     Re-Legalize
     >     All Drugs * End Government Intrusion In The Bedroom * Repeal
     All Gun
     >     Laws * Abolish All Taxation * Sound, Free-market Money *
     Abolish The
     >     Fed * End Corporate & Individual Welfare * Abolish The IRS and
     Repeal
     >     the Income Tax * Privatize Transportation Infrastructure *
     Free-market
     >     Emergency Services * Open Migration * Transfer Government
     Schools To
     >     The Private Sector * Eliminate Regulation *
     >     VOTE LIBERTARIAN * 800-ELECT-US or [6][6]http://www.LP.org
     >
     ====================================================================
     ===
     >     ==
     >
     > References
     >
     >     1. mailto:[7]lnc-business at hq.lp.org
     >     2. mailto:[8]lnc-business at hq.lp.org
     >     3. mailto:[9]lnc-business at hq.lp.org
     >     4. mailto:[10]Caryn.Ann.Harlos at LP.org
     >     5. [11]http://facebook.com/pinkflameofliberty/
     >     6. [12]http://www.lp.org/
     >

   --

     In Liberty,
   [uc?id=1DeRjq-L8dvRZabgEG94VkkUvjoHatcfP&export=download]
   Libertarian Party and Libertarian National Committee
   Secretary - [13]Caryn.Ann. Harlos at LP.org or Secretary at LP.org.
   Chair, LP Historical Preservation Committee - LPedia at LP.org
   Call me at 561.523.2250 and follow my public figure page
   at [14]facebook.com/pinkflameofliberty/
   =======================================================================
   ==
   Peaceful Commerce With All Nations * Non-interventionism * Re-Legalize
   All Drugs * End Government Intrusion In The Bedroom * Repeal All Gun
   Laws * Abolish All Taxation * Sound, Free-market Money * Abolish The
   Fed * End Corporate & Individual Welfare * Abolish The IRS and Repeal
   the Income Tax * Privatize Transportation Infrastructure * Free-market
   Emergency Services * Open Migration * Transfer Government Schools To
   The Private Sector * Eliminate Regulation *
   VOTE LIBERTARIAN * 800-ELECT-US or [15]http://www.LP.org
   =======================================================================
   ==

References

   1. mailto:lnc-business at hq.lp.org
   2. mailto:lnc-business at hq.lp.org
   3. mailto:lnc-business at hq.lp.org
   4. mailto:lnc-business at hq.lp.org
   5. http://facebook.com/pinkflameofliberty/
   6. http://www.LP.org/
   7. mailto:lnc-business at hq.lp.org
   8. mailto:lnc-business at hq.lp.org
   9. mailto:lnc-business at hq.lp.org
  10. mailto:Caryn.Ann.Harlos at LP.org
  11. http://facebook.com/pinkflameofliberty/
  12. http://www.lp.org/
  13. mailto:Caryn.Ann.Harlos at LP.org
  14. http://facebook.com/pinkflameofliberty/
  15. http://www.lp.org/


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