Hello SUDO Community,
I have an update on the foreclosure, I have attached a letter from CAST,
which also summarizes all of the updates. Basically Mulberry has told us:
1. X organization intends to pay off Mulberry Trusts’s loan to Omni
Commons of approximately $873,973.00
2. Here is a $10,000 non-refundable deposit to show we are serious.
3. Attach a copy of Omni's Board Resolution noting the agreement between
Omni and the organization paying off the loan.
4. If we do not …
[View More]hear from you by Tuesday, May 14th at 12pm, we will
direct the foreclosure trustee to file the paperwork.
CAST appears to be willing to work with us even if the foreclosure is
filed. But we also have the option to comply with Mulberry's requirements
and fundraise to purchase the building with funding from another source
within the 1 week timeframe. We will likely be entertaining proposals from
Peoples Programs and City In Motion at tomorrow's board meeting.
Please let me know if you have any questions, or ideas or insights.
Best
William
> I’m sorry for the delay on this. It turns out that the LOI should be
submitted by CAST to Omni Commons. We will turn around and submit this for
consideration by Omi Commons.
I wanted to highlight a few things:
-
I believe we have till Sunday evening or early Monday morning to share a
signed LOI for purchase to the Trust. This is to be accompanied by a
$10,000 check. We then have 24 additional hours to submit the full payment
to the Trust at which time the title is released to Omni Commons.
-
If this timing cannot be met, the foreclosure action will be undertaken
and there is 90 days to pay down the loan. The clock would essentially
start on Tuesday the 14th.
CAST has the ability to pay $10,000 for the deposit but not the balance
within 24 hours after that. Given this reality, we will let the Trust know
of our plans to pursue an LOI with Omni Commons and the need for additional
time to secure the balance of funds. This assumes that they advance to
foreclose.
- CAST would like to sign an LOI with Omni Commons as quickly as
possible so we can pursue funding to meet the 90 day foreclosure window. We
will not negotiate to assemble a partnership for purchase.
We encourage Omni Commons to explore all options.
-
People’s Program and City In Motion have both expressed interest and
have reached out to CAST. I will respond to both and encourage them to
speak with Omni Commons directly.
-
We recommend that you determine, separate from CAST, if their offers
are viable and you wish to sell the building to either of them. We don’t
want to hold you up if you are able and prefer to resolve the matter
immediately.
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Yes, the meeting will be at 6pm June 27th, CAST will not be there in
person, so we can meet in the basement meeting room, or maybe at sudo
depending on how many people show up.
On Wed, Jun 26, 2024 at 3:28 PM Chrisantha Perera <chrisantha(a)alum.mit.edu>
wrote:
> Tomorrow being Thursday, Jun 27th, correct?
> I like to specify, sometimes I don't know what interval of time Mailing
> List Moderation takes.
> -Chrisantha
>
> On Wed, Jun 26, 2024 at 11:46 AM William Myers …
[View More]via sudo-discuss <
> sudo-discuss(a)sudoroom.org> wrote:
>
>> Hi Everyone!
>>
>> CAST (Community Art Stabilization Trust) is offering to have a meeting to
>> talk to the larger OMNI community, the meeting will likely be tomorrow at
>> 6pm.
>>
>> You will be able to ask questions, and understand who they are and what
>> their mission is.
>>
>> Is anyone at SUDO interested in showing up to meet them?
>>
>> William
>> _______________________________________________
>> sudo-discuss mailing list -- sudo-discuss(a)sudoroom.org
>> To unsubscribe send an email to sudo-discuss-leave(a)sudoroom.org
>> More options at
>> https://sudoroom.org/lists/postorius/lists/sudo-discuss.sudoroom.org/
>>
>
[View Less]
https://x.com/sudoroom/status/1806752419071791260
we'd like to connect with #hackerspace
<https://x.com/hashtag/hackerspace?src=hashtag_click> in dense urban world
cities with great culture - know some folks in Tokyo, Berlin. Any folks in
London or Paris? Beijing?
Going forward I'd like to concentrate any "remote" efforts on reaching
folks who are - not in their houses - part of a cool hackerspace - in a
world city with public transportation such as Mexico City, Tokyo, London,
paris.
…
[View More]Do you know any?
=============================
Romy Ilano
romy(a)snowyla.com
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Come listen to a fundraiser pitch about bike locks for Oakland Community
bike shops and have some good food. And please pass this on to whomever
you know might be interested![image: Screen Shot 2024-06-27 at 4.21.07
PM.png]
we started the let's learn Rust! series at the women and non binary night
but it became such a hit that people came during tuesday's hardware hack
night and now there is a coed (co binary :P ) Rust salon group ongoing.
The construct of the meetups are simple:
- no laptops opened
- no videos
- no presentations
- print if possible
- people talk face to face
Let's keep this going!
=============================
Romy Ilano
romy(a)snowyla.com
Hi Everyone!
CAST (Community Art Stabilization Trust) is offering to have a meeting to
talk to the larger OMNI community, the meeting will likely be tomorrow at
6pm.
You will be able to ask questions, and understand who they are and what
their mission is.
Is anyone at SUDO interested in showing up to meet them?
William
https://sudoroom.org/face-to-face-learning-with-rust/
I had so much fun learning RUST during our women and non binary night with
the chalkboard. totally no painful associations with work, job interview
whiteboarding, etc.
Do we have a big stash of extra chalk? Just checking
=============================
Romy Ilano
romy(a)snowyla.com
