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.

Thanks,

Paige

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