<div dir="ltr">Not only is your math correct, but these contracts appear to be clear violations of the LNC Policy Manual 2.04 (3) which<div>addresses Contracts and Contract Approval. I don't see the LNC Chair's signature on these contracts and I doubt they</div><div>were submitted to General Counsel for approval.</div><div><br></div><div>Sam Goldstein</div></div><div class="gmail_extra"><br><div class="gmail_quote">On Wed, Nov 11, 2015 at 5:19 PM, Alicia Mattson <span dir="ltr"><<a href="mailto:agmattson@gmail.com" target="_blank">agmattson@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div><div><div><div><div><div><div>For the copier, it appears that:<br><br></div>The dealer listed the price of the copier as $11,160 (which is a little higher than buy-on-internet market where prices around $9k can be found). And there's a reference indicating that price factors in a trade-in of a previous model at a value not specified.<br><br></div>But we didn't outright buy it. Over 60 months, we're paying $508.24 per month, which adds up to $30,494.40 over the life of the agreement.<br><br></div>That does not include maintenance, repair, and supplies which are paid for separately at a rate of just under $0.01 per page black and just under $0.08 color.<br><br></div>And at the end of the lease, as a reward for our paying triple the purchase price of the machine over 5 years, we have the option of buying the machine not for $1.00, not for a discounted rate, but at "fair market value" as determined by the lease company.<br><br></div></div>If I set up my amortization table correctly, if we had a zero balance due at the end of the term, that would imply an interest rate of between 49%-50% APR. The real interest rate is higher than that because we still owe something at the end, and I don't know that dollar amount so I can adjust for it.<br><br></div><div>Is my math right?<span class="HOEnZb"><font color="#888888"><br></font></span></div><span class="HOEnZb"><font color="#888888"><div><br></div>-Alicia<br><br><div><div><div><div><div><br><br></div></div></div></div></div></font></span></div><div class="HOEnZb"><div class="h5"><div class="gmail_extra"><br><div class="gmail_quote">On Wed, Nov 11, 2015 at 12:33 PM, Alicia Mattson <span dir="ltr"><<a href="mailto:agmattson@gmail.com" target="_blank">agmattson@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div>Perhaps to help us get a feel for the type of equipment we're talking about, I suggest that someone in the office with a cell phone camera just take a quick picture of these items and email them to us.<span><font color="#888888"><br><br></font></span></div><span><font color="#888888">-Alicia<br><br><br><br></font></span></div><div><div><div class="gmail_extra"><br><div class="gmail_quote">On Wed, Nov 11, 2015 at 12:10 PM, Alicia Mattson <span dir="ltr"><<a href="mailto:secretary@lp.org" target="_blank">secretary@lp.org</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div dir="ltr"><div>I was sending them off-list as Mr. Sarwark's message came out. Re-forwarding to the list now.<span><font color="#888888"><br><br></font></span></div><span><font color="#888888">-Alicia<br></font></span><div><div><br><div class="gmail_quote"><span>---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Wes Benedict</b> <span dir="ltr"><<a href="mailto:wes.benedict@lp.org" target="_blank">wes.benedict@lp.org</a>></span><br>Date: Wed, Nov 11, 2015 at 9:01 AM<br>Subject: Fwd: FW: [Lnc-business] requesting copies of copier/postage meter leaseagreements<br>To: LP Secretary <<a href="mailto:secretary@lp.org" target="_blank">secretary@lp.org</a>><br>Cc: Robert Kraus <<a href="mailto:robert.kraus@lp.org" target="_blank">robert.kraus@lp.org</a>>, Nicholas Sarwark <<a href="mailto:chair@lp.org" target="_blank">chair@lp.org</a>><br><br><br>
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-------- Forwarded Message --------
<table border="0" cellpadding="0" cellspacing="0">
<tbody>
<tr>
<th align="RIGHT" nowrap valign="BASELINE">Subject:
</th>
<td>FW: [Lnc-business] requesting copies of copier/postage
meter leaseagreements</td>
</tr>
<tr>
<th align="RIGHT" nowrap valign="BASELINE">Date: </th>
<td>Wed, 11 Nov 2015 09:07:42 -0500</td>
</tr>
<tr>
<th align="RIGHT" nowrap valign="BASELINE">From: </th>
<td>Robert Kraus <a href="mailto:robert.kraus@lp.org" target="_blank"><robert.kraus@lp.org></a></td>
</tr>
<tr>
<th align="RIGHT" nowrap valign="BASELINE">To: </th>
<td><a href="mailto:chair@lp.org" target="_blank">chair@lp.org</a></td>
</tr>
<tr>
<th align="RIGHT" nowrap valign="BASELINE">CC: </th>
<td>'Wes Benedict' <a href="mailto:wes.benedict@lp.org" target="_blank"><wes.benedict@lp.org></a></td>
</tr>
</tbody>
</table>
<br>
<br>
<div>
<p class="MsoNormal"><font color="navy" size="2" face="Verdana"><span style="font-size:11.0pt;font-family:Verdana;color:navy">FYI attached. <u></u><u></u></span></font></p>
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<p style="margin:0in;margin-bottom:.0001pt"><i><b><i><font color="navy" size="6" face="Freestyle Script"><span>Robert</span></font></i></b></i><b><i><font color="navy" size="2" face="Verdana"><span style="font-size:11.0pt;font-family:Verdana;color:navy;font-weight:bold;font-style:italic"><br>
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</span></font></i></b><font color="navy" size="2" face="Verdana"><span style="font-size:11.0pt;font-family:Verdana;color:navy">Robert
S. Kraus - Dir
of Operations<br>
<a href="mailto:Operations@LP.org" target="_blank">Operations@LP.org</a><br>
Libertarian National Committee<br>
<u></u><u></u><u></u><u></u><u></u><u></u><u></u><u></u>Ph:
<a href="tel:202.333.0008" value="+12023330008" target="_blank">202.333.0008</a>
x 231<u></u><u></u></span></font></p>
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<div class="MsoNormal" style="text-align:center" align="center"><font size="3" face="Times New Roman"><span style="font-size:12.0pt">
<u></u><u></u><u></u>
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<p class="MsoNormal"><b><font size="2" face="Tahoma"><span style="font-size:10.0pt;font-family:Tahoma;font-weight:bold">From:</span></font></b><font size="2" face="Tahoma"><span style="font-size:10.0pt;font-family:Tahoma">
Lnc-business
[<a href="mailto:lnc-business-bounces@hq.lp.org" target="_blank">mailto:lnc-business-bounces@hq.lp.org</a>] <b><span style="font-weight:bold">On
Behalf Of </span></b>Alicia Mattson<br>
<b><span style="font-weight:bold">Sent:</span></b>
Tuesday, November 10, 2015
11:36 PM<br>
<b><span style="font-weight:bold">To:</span></b>
lnc-business<br>
<b><span style="font-weight:bold">Subject:</span></b>
[Lnc-business] requesting
copies of copier/postage meter leaseagreements</span></font><u></u><u></u></p>
</div>
<p class="MsoNormal"><font size="3" face="Times New Roman"><span style="font-size:12.0pt"><u></u> <u></u></span></font></p>
<div>
<div>
<div>
<p class="MsoNormal" style="margin-bottom:12.0pt"><font size="3" face="Times New Roman"><span style="font-size:12.0pt">I'm requesting that scans
of the executed lease agreements for the copier and
postage meter referenced in
the Audit Committee report be emailed to the LNC in
advance of this weekend's
meeting.<u></u><u></u></span></font></p>
</div>
<p class="MsoNormal"><font size="3" face="Times New Roman"><span style="font-size:12.0pt">Thank you,<u></u><u></u></span></font></p>
</div>
<p class="MsoNormal" style="margin-bottom:12.0pt"><font size="3" face="Times New Roman"><span style="font-size:12.0pt">Alicia<u></u><u></u></span></font></p>
</div>
</div>
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</div>
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</div></div></div>
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