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2026-06-owner-update-approved.md

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Property Update: 1456 W 85th St, Cleveland, OH 44102 ## 2026-07-16 - Property Update (07/16/2026): Distribution guard re-enabled after reserving the projected distribution for the pending heating/furnace decision. Current state: - Lofty current maintenance reserve remains $0.00 after the $7,275.47 OR payoff. - Current Month Distribution is guarded at $0.00. - The $1,150.83 projected distribution is set as Lofty OR Replenishment / furnace reserve, not distributable cash. - Because it is summer, t

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Property Update: 1456 W 85th St, Cleveland, OH 44102

## 2026-07-16

- Property Update (07/16/2026):
Distribution guard re-enabled after reserving the projected distribution for the pending heating/furnace decision.

Current state:
- Lofty current maintenance reserve remains $0.00 after the $7,275.47 OR payoff.
- Current Month Distribution is guarded at $0.00.
- The $1,150.83 projected distribution is set as Lofty OR Replenishment / furnace reserve, not distributable cash.
- Because it is summer, the heat work can be delayed long enough to request another quote unless conditions worsen or the PM flags a safety/habitability issue.
- Projected annual cash flow, projected rental yield, and COC are set to $0.00 / 0.00% while guard is active.
- Units remain occupied; this is a cash-preservation guard, not a vacancy signal.

Baselane/DAO cash position:
- Baselane bank-linked cash after the $7,275.47 OR payoff and prior $1,150.83 transfer: $3,857.52.
- Tax reserve retained inside bank cash: $2,399.82.
- DAO LLC fee reserve retained inside bank cash: $375.00.
- Lofty OR Replenishment / furnace reserve: $1,150.83.
- Free/distributable cash after tax, DAO fee, and furnace reserve: $0.00.
- Aligned-held DAO reserve: $1,500.00.
- Web3/Web2 EARLDAO reconciliation value assigned to 1456: $1,140.36.
- Total tracked DAO-owned cash/value including OR Replenishment reserve: $7,648.71.

Notes:
- Tax reserve is not counted as an extra asset; it is a retained set-aside within bank cash.
- The OR Replenishment / furnace reserve is not an owner distribution and should not be released while the heating/furnace quote decision is pending.