[sudo-discuss] another important sudoroom meeting Wednesday 8PM

Sudoroom will have to have another meeting this Wednesday night. The last delegates meeting had Peoples Programs present, asking for Omni Commons to give them the building outright. There is a proposal they made which is light on details but they were clear in the meeting that they wanted to take complete control of the Omni Commons, although they claimed they would allow present tenants to stay. They are trying to pressure us into making a decision "ASAP" because they are very excited about being handed a $3M property for $800K with no strings attached. Our lawyer is very clear that we have 90 days from a "notice of default" from our present lender (which they can't even do until after January 1st) before we need to come up with money to keep the building. There is no reason to rush into any decision, even if we thought it were a wise decision to make. Sudoroom and CCL members are moving forward with forming an LLC legal structure so that people can combine their funds to replace our lender, which will keep Omni operating the same was as before. I am confident that we can get that together before the foreclosure deadline, in case we don't find a normal lender willing to give us a loan. I and others are working on that too. If we do nothing, and allow our lender to foreclose on the building and sell it at auction, Omni Commons will be paid out from whatever surplus sale price the building brings in, meaning probably $1M to split (somehow) between existing collectives, to allow us (together or separately) to find a new space. We need to discuss this and make sure our delegate has a clear position to represent sudoroom at the Thursday meeting. There will be a lot of pressure, as I described above, for us to agree to a hasty and irrational decision. -jake On Wed, 13 Dec 2023, Jake wrote: