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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 Operating Reserve and unpaid taxes, risking over 9 months without rental income distributions ($1,089/month projected) if the $16,969.85 is not recovered. Cal will sign an affidavit confirming that Yhome will comply with the vote and its results, releasing funds if approved. Upon the disbursement of funds from Yhome, the new PM, ECO Systems LLC, will be paid PM fees from May 2025 through February 2026 as a lump-sum payment in advance. Governance Options include: 1) Agree to the Resolution Allow Yhome to deduct $ 5,620.15 and release $16,969.85, restoring liquidity for taxes and reserves (7–14 months to full). 2) Pursue Legal Action : Reject the deduction and sue Yhome for the full $18,525.90, incurring legal costs likely exceeding $1,556.05 and delays with uncertain outcomes. This would require a capital call and investors seeking out legal consul. 3) Take No Action : Take no immediate action on the $18,525.90, prolonging financial strain and risking tax liens or operational disruptions. DAO reserves the right to pursue claims in the future. On the disbursement of funds from Yhome, the new PM, ECO Systems LLC, will be paid current and for the remainder of the tenants’ current lease upfront. Ranked Choice Voting Options : Please rank the following options (1 = most preferred, 3 = least preferred). The winning option requires a 60%+ supermajority or ranked choice tabulation. Agree to the Resolution : Approve Yhome deducting $ 5,620.15 ( reimbursement of vendor services and 10% repairs and maintenance ) from the $ 16,969.85 withheld funds, with a legally binding promissory agreement and affidavit ensuring Yhome releases $16,969.85 within three business days. Pursue Legal Action : Reject the deduction and pursue legal action against Yhome to recover the full $18,525.90, accepting potential Heavy Costs and Delays . Take No Action : Do not approve the deduction or pursue legal action, risking over 9 months without distributions and ongoing OpEx. DAO retains the right to pursue claims.