13 Aug
2024
13 Aug
'24
5:28 p.m.
It's my understanding that Dresher's arts group would also like to submit
an LOI with the understanding that EBPREC is the preferred choice
(obviously).
According to last week's call, EBPREC themselves probably won't be clear
about whether they can go forward until the 22nd. Thats pretty late in the
game to start shopping from square-one again. I think we should entertain
having many pre-approved backup plans ready to go, if it turns out that
EBPREC can't come through.
On Tue, Aug 13, 2024, 3:13 PM Paige P via sudo-discuss <
sudo-discuss(a)sudoroom.org> wrote:
Shreya from CAST is hosting another CAST x Omni
meeting tonight (Tuesday
8/13) 6-7PM. The topic today is "transitioning out of the building and/or
buyer due diligence."
*Recap of what we are discussing in CAST and delegates meetings*
A short recap is - Omni is still trying to prevent looming foreclosure
(soonest auction sale would be Sep 6). The two tangible options to do so
are through Phillip Bell/City in Motion (CiM) or EBPREC. CiM proposal is
more progressed at this point, and funding for it (through a loan) is
secured, but EBPREC's, if approved by their board, would be a safer option.
At this point, it is pretty certain that both options would mean Omni's
whole current board (delegates and officers) would step down and be
replaced by new board members. Current Omni Commons members would no longer
controlling operations.
If foreclosure ends up happening, the collectives will be looking for
different places to rent. It is unsure if any profit will be made after
foreclosure. If there is any profit, one proposal is to donate any funds to
Sogorea Te. There have also been vague proposals of how to split up the
money amongst collectives, or keeping it in the Omni nonprofit.
This is a big change that we are going to have to decide on very soon, and
I hope we get as many people involved in the discussion as we can.
For more info, I think last week's meeting is a good overview of where we
are at now: https://omnicommons.org/wiki/Event:2024/08/08_Delegates.
*how to join the meeting tonight*
It is a hybrid meeting, with CAST joining remotely. We have it set up
conference style in one of the Omni basement rooms (pictured below).
If you'd like to attend from your own device, reply to me and I will share
the zoom link.
[image: Basement_2017.png]
Thanks,
Paige
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