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URGENT Governance Proposal - Offer Received for Sale of 5401 Odom Avenue.pdf

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Description

From: Earl Co earlvanze@gmail.com Subject: [URGENT] Governance Proposal – Offer Received for Sale of 5401 Odom Avenue Date: August 25, 2025 at 8:51 PM To: Lofty info@lofty.ai Cc: kyle leese knleese@gmail.com Fellow Odom owners, We have received an offer from a conditionally pre-qualified buyer to purchase 5401 Odom Avenue, Fort Worth, TX 76114. We are bringing this to a vote with three options: Accept, Counter, or Reject. Background DAO Debts: (~$10,885 and rising) consisting of: Unpaid Taxes (c

Extracted Content

From: Earl Co earlvanze@gmail.com Subject: [URGENT] Governance Proposal – Offer Received for Sale of 5401 Odom Avenue Date: August 25, 2025 at 8:51 PM To: Lofty info@lofty.ai Cc: kyle leese knleese@gmail.com Fellow Odom owners, We have received an offer from a conditionally pre-qualified buyer to purchase 5401 Odom Avenue, Fort Worth, TX 76114. We are bringing this to a vote with three options: Accept, Counter, or Reject. Background DAO Debts: (~$10,885 and rising) consisting of: Unpaid Taxes (can be paid at closing): $1,313.37 Overdue Insurance Premium: ~$1,197.40 out of $2,634.37 total premium Lending DAO Balance: $1,295.35 Expenses incurred by Earl: $3,565.69 Transaction Coordination Fee due to Earl: $1,000 Owners are encouraged to review the latest financial summary in the "Chicago and non-Yhome" tab of Yhome Transition Reconciliation.xlsx and the "Discord" tab on LoftyAssist Buyer’s Offer Price: $450,000 (~$35.04/share NAV) Financing: $427,500 conventional loan (30-year fixed, 6.625% interest) Cash at Closing: $22,500 Earnest Money / Option Fee: $4,500 earnest, $250 option fee Closing: On or before October 7, 2025 Option Period: 12 days Additional Terms: Seller pays for survey