[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 If the policy is rescinded and no extra payments are made: $51,898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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