<html><head></head><body><div style="color:#000; background-color:#fff; font-family:HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif;font-size:16px"><div id="yui_3_16_0_ym19_1_1476628990703_214686" dir="ltr"><span id="yui_3_16_0_ym19_1_1476628990703_214691">For 2015, we budget $67,300 for Building Fund revenues to pay $60,000 towards the mortgage and $7300 for a house letter, alas, we raised only $22,435.63. At the end of 2015, the reserve was below the target so there was no extra funds to pay on the mortgage. This year's required payments are being paid, plus we've paid additional on the principle in 2016.<br></span></div><div dir="ltr" id="yui_3_16_0_ym19_1_1476628990703_215270"><span id="yui_3_16_0_ym19_1_1476628990703_214691"><br></span></div><div dir="ltr" id="yui_3_16_0_ym19_1_1476628990703_215387"><span id="yui_3_16_0_ym19_1_1476628990703_214691">After the November 2016 financial reports are written, I will come up with a proposal to consider at the December meeting to use most of the surplus to pay down the mortgage. If the amounts in unrestricted cash and currently liabilities remain the same as last month, I'd be comfortable with paying around $200,000.<br></span></div><div dir="ltr" id="yui_3_16_0_ym19_1_1476628990703_215213"><span id="yui_3_16_0_ym19_1_1476628990703_214691"><br></span></div><div dir="ltr" id="yui_3_16_0_ym19_1_1476628990703_215386"><span id="yui_3_16_0_ym19_1_1476628990703_214691">Tim Hagan</span></div><div class="qtdSeparateBR" id="yui_3_16_0_ym19_1_1476628990703_214685"><br><br></div><div class="yahoo_quoted" id="yui_3_16_0_ym19_1_1476628990703_214828" style="display: block;"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;" id="yui_3_16_0_ym19_1_1476628990703_214827"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;" id="yui_3_16_0_ym19_1_1476628990703_214826"> <div dir="ltr" id="yui_3_16_0_ym19_1_1476628990703_214825"> <font id="yui_3_16_0_ym19_1_1476628990703_214903" size="2" face="Arial"> <hr id="yui_3_16_0_ym19_1_1476628990703_214941" size="1"> <b><span style="font-weight:bold;">From:</span></b> Joshua Katz <planning4liberty@gmail.com><br> <b><span style="font-weight: bold;">To:</span></b> lnc-business@hq.lp.org <br> <b><span style="font-weight: bold;">Sent:</span></b> Tuesday, October 18, 2016 1:13 PM<br> <b><span style="font-weight: bold;">Subject:</span></b> Re: [Lnc-business] December Budget meeting and paying down mortgage<br> </font> </div> <div class="y_msg_container" id="yui_3_16_0_ym19_1_1476628990703_214830"><br><div id="yiv4705113105"><div id="yui_3_16_0_ym19_1_1476628990703_214833"><div dir="ltr" id="yui_3_16_0_ym19_1_1476628990703_214832">As an addendum on this: the Policy Manual (in what is known as the Wiener Rule, 2.03.17) requires us to budget $60,000 towards the mortgage in odd-numbered years. When the 2015 budget was under discussion, there was some discussion about amending or suspending this rule. We decided against it, rightly in my view. We budgeted $60,000. Unfortunately, the best I can recall what happens, the provision does not require us to actually pay that much, just to budget it, and we paid less. In my view, we should pay at least the shortfall from last year this year, in addition to this year's required payments. We may be able to do more, and there may be a case for doing so, but at the very least I think we should do what we must to live up to the intent of the Wiener Rule.</div><div class="yiv4705113105gmail_extra" id="yui_3_16_0_ym19_1_1476628990703_214835"><br clear="all"><div id="yui_3_16_0_ym19_1_1476628990703_214839"><div class="yiv4705113105gmail_signature" id="yui_3_16_0_ym19_1_1476628990703_214838"><div dir="ltr" id="yui_3_16_0_ym19_1_1476628990703_214837">Joshua A. Katz<div id="yui_3_16_0_ym19_1_1476628990703_215021">Westbrook CT Planning Commission (L in R seat)</div></div></div></div>
<br clear="none"><div class="yiv4705113105yqt7396369839" id="yiv4705113105yqtfd34669"><div class="yiv4705113105gmail_quote" id="yui_3_16_0_ym19_1_1476628990703_214841">On Tue, Oct 18, 2016 at 1:30 PM, Caryn Ann Harlos <span dir="ltr"><<a rel="nofollow" shape="rect" ymailto="mailto:carynannharlos@gmail.com" target="_blank" href="mailto:carynannharlos@gmail.com">carynannharlos@gmail.com</a>></span> wrote:<br clear="none"><blockquote class="yiv4705113105gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;" id="yui_3_16_0_ym19_1_1476628990703_214846"><div dir="ltr"><div dir="ltr" style="font-size:12.8px;">Sam, yes my terminology was imprecise. I am referring to the Policy Manual payment, not a bank-mandated payment.</div><div class="yiv4705113105m_-5578685236203619667gmail-yj6qo yiv4705113105m_-5578685236203619667gmail-ajU" style="margin:2px 0px 0px;font-size:12.8px;"></div></div><div class="yiv4705113105HOEnZb" id="yui_3_16_0_ym19_1_1476628990703_214845"><div class="yiv4705113105h5" id="yui_3_16_0_ym19_1_1476628990703_214844"><div class="yiv4705113105gmail_extra" id="yui_3_16_0_ym19_1_1476628990703_214843"><br clear="none"><div class="yiv4705113105gmail_quote" id="yui_3_16_0_ym19_1_1476628990703_214850">On Tue, Oct 18, 2016 at 12:22 PM, Sam Goldstein <span dir="ltr"><<a rel="nofollow" shape="rect" ymailto="mailto:goldsteinatlarge@gmail.com" target="_blank" href="mailto:goldsteinatlarge@gmail.com">goldsteinatlarge@gmail.com</a>></span> wrote:<br clear="none"><blockquote class="yiv4705113105gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;" id="yui_3_16_0_ym19_1_1476628990703_214849"><div dir="ltr" id="yui_3_16_0_ym19_1_1476628990703_214848">Caryn Ann,<div id="yui_3_16_0_ym19_1_1476628990703_214852"><br clear="none"></div><div id="yui_3_16_0_ym19_1_1476628990703_214854">I don't know where you got the impression that we missed a balloon payment on the mortgage. We have been on time with every mortgage payment since we bought the office condo.</div><div><br clear="none"></div><div id="yui_3_16_0_ym19_1_1476628990703_214856">I think what you are referring to is a Policy Manual item that says we should make an effort in non-election years to pay a significant amount over the mortgage payment to decrease the principal balance. There is a balloon payment due at the end of the current mortgage, which I think was for 10 years. Hopefully it will be paid off before then so we won't have to refinance.</div><div><br clear="none"></div><div><br clear="none"></div><div class="yiv4705113105gmail_extra"><br clear="all"><div><div class="yiv4705113105m_-5578685236203619667m_776749873091064574gmail_signature"><div dir="ltr">Sam Goldstein<div>Libertarian National Committee</div><div>Member at Large</div><div>8925 N Meridian St, Ste 101</div><div>Indianapolis IN 46260</div><div><a rel="nofollow" shape="rect" href="">317-850-0726</a> Phone</div><div><a rel="nofollow" shape="rect" href="">317-582-1773</a> Fax</div></div></div></div>
<br clear="none"><div class="yiv4705113105gmail_quote"><div><div class="yiv4705113105m_-5578685236203619667h5">On Tue, Oct 18, 2016 at 12:56 PM, Caryn Ann Harlos <span dir="ltr"><<a rel="nofollow" shape="rect" ymailto="mailto:carynannharlos@gmail.com" target="_blank" href="mailto:carynannharlos@gmail.com">carynannharlos@gmail.com</a>></span> wrote:<br clear="none"></div></div><blockquote class="yiv4705113105gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;"><div><div class="yiv4705113105m_-5578685236203619667h5"><div dir="ltr">A member asked me to write to followup on the earlier suggestion that we use some of our success in fundraising this year to pay down the mortgage.<div><br clear="none"></div><div>Can someone post a brief summary of where we are with this mortgage presently or where I can find that information myself, including details on the prior missed balloon payment?<span class="yiv4705113105m_-5578685236203619667m_776749873091064574HOEnZb"><font color="#888888"><br clear="all"></font></span><div><br clear="none"></div>-- <br clear="none"><div class="yiv4705113105m_-5578685236203619667m_776749873091064574m_1080471294702352069m_6156391838578253268gmail_signature"><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><font size="4" color="#666666" face="arial, helvetica, sans-serif"><b>In Liberty,</b></font></div><div><font size="4" color="#666666" face="arial, helvetica, sans-serif"><b>Caryn Ann Harlos</b></font></div><div><font size="1">Region 1 Representative, Libertarian National Committee </font><span style="font-size:x-small;">(Alaska, Arizona, Colorado, Hawaii, Kansas, Montana, Utah, Wyoming, Washington) - <a rel="nofollow" shape="rect" ymailto="mailto:Caryn.Ann.Harlos@LP.org" target="_blank" href="mailto:Caryn.Ann.Harlos@LP.org">Caryn.Ann. Harlos@LP.org</a></span></div><div><span style="font-size:x-small;">Communications Director, <a rel="nofollow" shape="rect" target="_blank" href="http://www.lpcolorado.org/">Libertarian Party of Colorado</a></span></div><div><span style="font-size:x-small;">Colorado State Coordinator, <a rel="nofollow" shape="rect" target="_blank" href="http://www.lpradicalcaucus.org/">Libertarian Party Radical Caucus</a></span></div><div><br clear="none"></div><div><br clear="none"></div><div><span style="font-size:x-small;"><br clear="none"></span></div><div style="font-size:12.8px;"><br clear="none"></div></div></div></div></div></div></div></div>
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<br clear="none"></blockquote></div><br clear="none"><br clear="all"><div><br clear="none"></div>-- <br clear="none"><div class="yiv4705113105m_-5578685236203619667gmail_signature"><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><font size="4" color="#666666" face="arial, helvetica, sans-serif"><b>In Liberty,</b></font></div><div><font size="4" color="#666666" face="arial, helvetica, sans-serif"><b>Caryn Ann Harlos</b></font></div><div><font size="1">Region 1 Representative, Libertarian National Committee </font><span style="font-size:x-small;">(Alaska, Arizona, Colorado, Hawaii, Kansas, Montana, Utah, Wyoming, Washington) - <a rel="nofollow" shape="rect" ymailto="mailto:Caryn.Ann.Harlos@LP.org" target="_blank" href="mailto:Caryn.Ann.Harlos@LP.org">Caryn.Ann. Harlos@LP.org</a></span></div><div><span style="font-size:x-small;">Communications Director, <a rel="nofollow" shape="rect" target="_blank" href="http://www.lpcolorado.org/">Libertarian Party of Colorado</a></span></div><div><span style="font-size:x-small;">Colorado State Coordinator, <a rel="nofollow" shape="rect" target="_blank" href="http://www.lpradicalcaucus.org/">Libertarian Party Radical Caucus</a></span></div><div><br clear="none"></div><div><br clear="none"></div><div><span style="font-size:x-small;"><br clear="none"></span></div><div style="font-size:12.8px;"><br clear="none"></div></div></div></div></div></div></div></div>
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