← 254 Bowmanville St, Akron, OH 44305 · All properties

08 - Repairs & Maintenance - Renovations & Updates - - Recovered e7348a0d - 254 Bowmanville St, Akron, OH 44305.md

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

Property Updates ## 2026-04-06 - Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx): · Field · Value · · ------- · ------- · · Yhome Net Due TO DAO · $-6,750.00 · · Lofty Operating Cash · $0.00 · · ECO Operating Cash · $40,403.62 · · Outstanding Liabilities (Unpaid Bills) · $0.00 · · DAO Net Cash (Capital Call) · $0.00 · · Estimated Owners' Equity · $0.00 · · DAO Estimated NAV Per Token · $0.00 · · DAO Tokens · 2108 · · Current PM · ECO (Sold) · #

Text Preview

# Property Updates

## 2026-04-06

- Yhome Transition Reconciliation (as of 2026-04-06 via Lofty PM/Yhome Transition Reconciliation.xlsx):
| Field | Value |
|-------|-------|
| Yhome Net Due TO DAO | $-6,750.00 |
| Lofty Operating Cash | $0.00 |
| ECO Operating Cash | $40,403.62 |
| Outstanding Liabilities (Unpaid Bills) | $0.00 |
| DAO Net Cash (Capital Call) | $0.00 |
| Estimated Owners' Equity | $0.00 |
| DAO Estimated NAV Per Token | $0.00 |
| DAO Tokens | 2108 |
| Current PM | ECO (Sold) |

# Property Updates

## 2026-04-05

- Property Update (04/05/2026):
- Cross-check against `Yhome Transition Reconciliation.xlsx` shows 254 Bowmanville St, Akron, OH 44305 flagged as **ECO (Sold)**.
- Current reconciliation status: **Yhome owes Lofty and DAO owes Aligned**.
- Public DESCRIPTION.md and DETAILS.md refreshed to reflect sold status.

## 2025-08-11

- Property Update (08/11/2025):
- DAO Financial Summary (subject to change pending final accounting by Lofty):
- Sale Price: $60,000
- Back Taxes, Commissions, Closing Costs: $8,269.84
- Gruzmarg invoice: $13,500, negotiated down to $5,500 by ECO Systems ($8,000 savings).
- [Paid Invoice](https://link.waveapps.com/td3yjh-sgvvse)
- Balance PAID to HRG: $3496.03
- Balance PAID to Northsight Management ℅ HRG: $458.75
- Balance PAID to ULD: $229.86
- Balance PAID to Obie Insurance: $462.54 ($74.60 overpayment refund due)
- DAO Assets [Wallet](https://allo.info/account/EXQMR42THSXUALDRC42I65FFATM7LGUN5GKZG663ILXZVN2IFEJLCAHKCM): 824 EARLDAO shares @ $50/share = $41,200 @ 12% APY
- Balance Owed to Yhome: 135 EARLDAO shares @ $50/share = ($6,750)
- DAO Net Cash: $33.27
- Estimated NAV: $16.36/share
- Monthly Cash Flow: $412.00
- [View Financial Reconciliation Details](https://www.dropbox.com/scl/fi/0yf0syxxxm58zpguib5nz/Yhome-Transition-Reconciliation.xlsx?rlkey=4rurmo3m2swur63oxq0hafr01&dl=0)

## 2025-08-05

- Property Update (08/05/2025):
- Governance Results for 254 Bowmanville St:
- The Governance Voting results are back for the owner-proposed votes.
- The first winning vote is:
- Pay off HRG/ULD/Lofty/ECO and lend $44,000 to EARLDAO at 12% APY (receive 880 shares)
- This option was declared the winner in Round 1 with 331 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3157918842) or by searching the application ID: 3157918842
- The second winning vote is:
- Approve Partial Settlement
- This voting option was declared the winner in Round 3 with 453 token votes.
- The voting results can be found on chain [here](https://allo.info/application/3157919962) or by searching the application ID: 3157919962

## 2025-07-28

- Property Update (07/28/2025):
- Owner-Proposed Governance Vote for 254 Bowmanville St:
- The property manager, Earl Co with ECO Systems LLC with the following [wallet address](https://allo.info/account/YILY2YPFH2HODAZSMVJ6C2URUTBJSEPB3377SIKHFCFMGQEEFAJ3E5TYDM), is proposing a governance vote.
- This owner holds 10 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- Dear Fellow Investors,
- Congratulations on the successful sale of 254 Bowmanville Street!
- The final net proceeds from the closing total $51,730.16 and will be wired to the DAO’s Baselane bank account (controlled by ECO Systems LLC) by Monday, July 28, 2025. Please see [Final Settlement Statement](https://www.dropbox.com/scl/fi/px8nemc8egj2ikturje99/Settlement-Statement-254-Bowmanville-Street-Akron-OH-44305.pdf?rlkey=peiaeo222qka7o6tav7hyacan&e=1&dl=0) from the [closing docs](https://www.dropbox.com/scl/fi/1ki689o7os1m3gqls0omk/Golden-Eagle-Title-Escrow-Closing-Documents-EAR-CP57.pdf?rlkey=6htex390qeo0sczwvuiq8ei8p&e=1&dl=0).
- Sale & Financial Overview:
- Description
- Amount
- Gross Proceeds from Sale
- $51,730.16
- Unpaid Bills, PM Fee, Filing, Contingencies
- ($25,000.00)
- Net Distributable Proceeds
- $26,730.16
- Tokens Outstanding
- 2,108
- Estimated Distribution (If Approved)
- $12.70 per token
- Notes on Outstanding Items:
- Ashdod City Corp [invoiced $13,500](https://next.waveapps.com/a/invoices/c3846150-b8a2-4d7c-abab-75112fbf7952/public/2206067457167199314/3390382a1a6449e798eb535328e5ee3a), but this was addressed to and approved by “YHOMES,” and not directly by the DAO. We are pursuing negotiation or cancellation of this bill.
- Home River Group and/or Lofty show a negative OR balance of -$6,351.82, still under review.
- The remaining holdback for unpaid bills will cover:
- LLC Dissolution Fee
- Final Year-End Tax Filing
- Any remaining balance due to verified vendors.
- VOTE #1 – DISTRIBUTION OF SALE PROCEEDS (Ranked Choice)
- Option A – Pay off HRG/ULD/Lofty/ECO and lend $44,000 to EARLDAO at 12% APY (receive 880 shares)
- Several existing DAOs formerly under Yhome’s portfolio remain in need and have authorized borrowing funds to be used strictly for unpaid taxes and repairs. This loan would provide a monthly interest income of $440 or $0.2087/token/month to DAO members until full repayment of loan. Yhome/Gruzmarg’s combined $17,500 balance remains unpaid and subject to future negotiation.
- Option B – Pay off HRG/ULD/Lofty/ECO and distribute $12.70/token now; lend $17,500 to EARLDAO at 12% APY (receive 350 shares)
- Pay off negative OR balance and distribute $26,730.16 to owners now. Hold back $17,500 as 350 EARLDAO shares for final reconciliation, Yhome dispute, and compliance closure. This loan would provide a monthly interest income of $175 or $0.083/token/month to DAO members until full repayment of loan. Yhome/Gruzmarg’s combined $17,500 balance remains unpaid and subject to future negotiation.
- Option C – Hold all funds in reserves until final bills and disputes are resolved
- No immediate distribution. ECO will release funds once all obligations are finalized and risks are cleared.
- VOTE #2 – RESOLVE YHOME / ASHDOD INVOICE (Ranked Choice)
- Option A – Dispute Entire $13,500 Invoice
- Formally reject the invoice and pursue legal or negotiation options to cancel. No payment released to Yhome or Ashdod.
- Option B – Approve Partial Settlement
- Offer a good-faith settlement to close the matter quickly and reduce legal overhead. ECO Systems negotiates final amount as advised by DAO members.
- Option C – Approve Full Payment of $13,500 Invoice
- Pay invoice in full. Treat Yhome’s approval of Ashdod’s work as valid and final.
- Please cast your votes no later than August 5th, 2025. Results will be tallied and enacted per DAO majority.
- Feel free to reach out with any questions.
- All the best,
- ECO Systems LLC
- Property Manager F.B.O. Lofty Holding 254 Bowmanville Street DAO LLC
- ecosystemspm@gmail.com
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, August 5th, once the voting period ends.

## 2025-06-17

- Property Update (06/17/2025):
Summary of Recent Correspondence
• Michael Gruzmarg (Ashdod City Corp) performed Section 8 inspection repairs and corrective work at the Bowmanville property.
• Total invoiced: $13,500 (Section 8 repairs: $7,500; additional corrective items: $6,000).
• [Invoice](https://link.waveapps.com/td3yjh-sgvvse) was approved by Calixte Duffaut (Yhome Nursing LLC), but the DAO owners and Earl were not given a pre-approval opportunity and a stop work order was ignored.
• Vendor has been advised payment will occur, though timing depends on owner decisions or alternative funding sources.
• Michael Gruzmarg may place a lien if payment arrangements are not finalized.
• DAO OR Balance Owed to Lofty: $6,005.33
• Balance Owed to Yhome: $4,210
• Balance Owed to Universal Lending DAO: $224.77
• Unpaid Taxes Due: $2,952.45
• DAO Reserve Funds Held by ECO Systems: $1,475
• DAO Net Cash: -$25,417.55
• [View Owner Statement](https://www.dropbox.com/scl/fi/s8e7erxjtasx3l4ynb7dp/Owner-Statement-2025-05-14-to-2025-06-13-254-Bowmanville-St-254-Bowmanville-St-Akron-OH-44305.pdf?rlkey=h2ziakbsocoft9hc0rkv4d5gh&dl=0)
• [View Financial Reconciliation Details](https://www.dropbox.com/scl/fi/0yf0syxxxm58zpguib5nz/Yhome-Transition-Reconciliation.xlsx?rlkey=4rurmo3m2swur63oxq0hafr01&dl=0)
• The Operating Reserve structure and related information will be updated upon completion of the property management transition from Yhome Nursing LLC to ECO Systems LLC.
• Owners may now propose a vote to raise capital to pay the invoice via an owner-backed loan, dilutive equity, liquidation of the property, or some other means.

## 2025-06-17

- Property Update (06/17/2025):
- Owner-Proposed Governance Vote for 254 Bowmanville St:
- An Owner with the following [wallet address](https://allo.info/account/IVDXNACBOVPKNSOVMCSGMZ43D57JUROBAEKAPEJG3CD627LLTGWR54RE2Q) is proposing a governance vote.
- This owner holds 10 tokens in this property.
- The owner's reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- I propose that we list the property for sale and let all creditors know that we will pay them out of proceeds from the sale, provided there are sufficient funds at closing. I propose we allow Earl Vanze and/or Eco Systems LLC to make all decisions regarding the listing and sale of the property, and regarding any negotiation necessary with contractors who the DAO owes money to. For providing all administrative and decision making services through closing, I propose we pay Earl $2,000, unless there are insufficient funds after closing. Then he gets nothing. The only limit placed on Earl's decision making authority is that he is not allowed any self dealing, and must not enrich himself at the expense of the DAO, except for the agreed upon compensation mentioned above.
- Voting Options:
- 1. Yes to all of the above.
- 2. No. Let's keep doing nothing.
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, June 24th, once the voting period ends.

## 2025-06-17

- Property Update (06/17/2025):
- Governance Results for 254 Bowmanville St:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Yes to all of the above
- This option received 520 / 540 token votes, which is equal to 96.2% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/3090645071) or by searching the application ID: 3090645071
- Context on the approve vote can be viewed here:
- I propose that we list the property for sale and let all creditors know that we will pay them out of proceeds from the sale, provided there are sufficient funds at closing. I propose we allow Earl Vanze and/or Eco Systems LLC to make all decisions regarding the listing and sale of the property, and regarding any negotiation necessary with contractors who the DAO owes money to. For providing all administrative and decision making services through closing, I propose we pay Earl $2,000, unless there are insufficient funds after closing. Then he gets nothing. The only limit placed on Earl's decision making authority is that he is not allowed any self dealing, and must not enrich himself at the expense of the DAO, except for the agreed upon compensation mentioned above.

## 2025-05-05

- Property Update (05/05/2025):
- Governance Results for 254 Bowmanville St:
- The Governance Voting results are back for the owner-proposed vote to change property managers.
- The winning vote is:
- Vote to change to ECO Systems property management and NOT give away 3.5% equity to Yhome.
- This option received 904 / 919 token votes, which is equal to 98.3% of the total votes.
- The voting results can be found on chain [here](https://allo.info/application/2974587489) or by searching the application ID: 2974587489

## 2025-04-29

- Property Update (04/29/2025):
- The current property manager, Yhome Nurs