[sudo-discuss] Re: What¹s the status on the Omni

Yes, thanks for the info and I agree the brochure is awesome!Sounds to me that the People's Program donor proposal is the best offer we've had in awhile!  Unless does being their partner come with any weird negative side affects?  And are they interested in partnering with SudoRoom, or OmniCommons as a whole?If this or one of the other options doesn't work out, it may be worth discussing some unfortunate possibilities.  For instance, right before the foreclosure process (HOPEFULLY DOES NOT) start, should we consider relocating particularly valuable (not necessarily in monetary value, could be for originality, hard-to-findness or sentimentality)?  I believe we still would have some access to the building during the process, but I've also had my stuff thrown out by a landlord in the past, and don't trust them to always follow the laws.  I'm pretty sure we have some "valuable" things at Omni that would be sorely missed Sorry for the downer, hopefully none of this is necessary and I'm overreacting, but I'd rather be safe than sorry!JulieSent from my Galaxy -------- Original message --------From: Kent Leech via sudo-discuss <sudo-discuss(a)sudoroom.org> Date: 12/10/23 1:14 AM (GMT-08:00) To: Paige P <pgeplan(a)gmail.com>om>, Romy Ilano <romy(a)snowyla.com> Cc: Sudo Room Discussion List <sudo-discuss(a)sudoroom.org> Subject: [sudo-discuss] Re: What¹s the status on the Omni Thanks for the information. I thought 501(c)3’s can apply for property tax exemption? I wonder why this hasn’t happened?The procure looks and reads great BTW! Thanks Silver (and Paige)!-Kent-----Kent Leech Illustrationhttp://www.kentleech.comkent@kentleech.com+1 (510) 504-0634-- From: Paige P via sudo-discuss <sudo-discuss(a)sudoroom.org>Reply-Toply-To: Paige P <pgeplan(a)gmail.com>Datet;Date: Sat, December 9, 2023 at 2:41 PMTo: Romy Ilano <romy(a)snowyla.com>Cc>Cc: Sudo Room Discussion List <sudo-discuss(a)sudoroom.org>Subjectubject: [sudo-discuss] Re: What’s the status on the OmniThe Mulberry Trust gave Omni a loan some years ago to pay off the building. The loan was just meant to be a temporary thing to get Omni up and running, but not supposed to be a long term loan (like that of a bank).  From the wiki, these were the termsMortgageStarting Jan 1st, 2017 we officially stopped paying rent and started paying off a mortgage loan! Our loan is for $975,000 at 5.5% interest, with a balloon payment due Jan 1st, 2021.$5,365.61 + 5.5% ($312.28) = $5,677.89/mo"The balloon payment ($900k) was supposed to be a way to get Omni to find some other lender in 2021 so that the trust could be off the hook. We couldn't pay it in 2021, and the lender gave 2 years of extension. We were hoping to get another extension this year too, given there was this property tax drama and the boycott, so its hard to find a lender right now, but we just got news that there will be NO extension. So unless we find the funds, a new lender, or a new owner who will lease or let us stay, we will have to leave Omni Commons.So far, some ideas going are - find a big donor to foot the bill, get 20people or so to loan us $50k (idea copied from another hackerspace), find a partner who will let us stay, or find a land trust to own the land and let us use it.A nonprofit called People's Programs has offered to bring in one of their donors to pay off the needed $900k, and keep us on as partners. They made a proposal to delegates about this on Thursday.This is a doc Sarah made to summarize Omni's finances to potential new lenders or owners: https://docs.google.com/spreadsheets/d/1iGTfhoUMEpHH9Nj0NEh4KODPdiU3BZLW/ed… attaching an Omni brochure Silver made, and I just made edits to recently that we can share around. But it could use some better info for potential lenders/donors.On Sat, Dec 9, 2023 at 1:37 PM Romy Ilano via sudo-discuss <sudo-discuss(a)sudoroom.org> wrote:I just got back from Argentina and.  Is there a quick summary of what’s going on? I cannot make it this Tuesday because I have to go to a Noisebridge meetup to ask for collaboration with another engineering group. Is there a Wednesday meeting after 7:45pm _______________________________________________ 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/ _______________________________________________ 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/