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Repair - 9919 S Oglesby Ave Chicago IL, 60617.docx

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BLUF (Bottom line up-front) : I recommend that the DAOs agree to Option 1, which is to release DAO authorized funds to Yhome and have Cal return the Net Funds given back to the DAO. The alternative options to pursue legal action or doing nothing are not conducive resolutions to getting this DAO separated from its current situation. Vote to the resolution with yhome (Cal) by selecting Option 1. Proposal : Yhome Nursing LLC (Calixte Duffaut), the former property manager for 9919 S Oglesby Ave, is

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BLUF (Bottom line up-front) : I recommend that the DAOs agree to Option 1, which is to release DAO authorized funds to Yhome and have Cal return the Net Funds given back to the DAO. The alternative options to pursue legal action or doing nothing are not conducive resolutions to getting this DAO separated from its current situation. Vote to the resolution with yhome (Cal) by selecting Option 1. Proposal : Yhome Nursing LLC (Calixte Duffaut), the former property manager for 9919 S Oglesby Ave, is withholding $ 21,600.00 and security deposits ($1800), after deducting $ 5,620.15 for repairs and $810 in PM fees. Following negotiations, Cal has agreed to release the remaining $16,969.85, after deducting vendors and 10% markup for repairs and maintenance not in the original property management agreement, contingent on the DAO’s governance vote approval. Cal has provided a signed affidavit attesting he will abide by the vote’s outcome, ensuring the Lofty Holding 9919 S Oglesby Avenue DAO LLC recovers funds to address its negative Operating Reserve balance (-$3,710.31) and unpaid taxes ($1,253.80). Situation and Governance Options : The DAO’s financial stability is strained by a depleted Op