Yar: remove redundant stuff from prior week

2015-12-02T20:01:05Z

remove redundant stuff from prior week

← Older revision		Revision as of 20:01, 2 December 2015
Line 55:		Line 55:
	* Edit Charitable Activities response: https://pad.riseup.net/p/omniactivities		* Edit Charitable Activities response: https://pad.riseup.net/p/omniactivities
	* Reply to RIck - Laura will draft		* Reply to RIck - Laura will draft
	~~------~~

	~~Omni "Buy the Building" working group meeting - Monday September 21, 2015~~

	~~=Attendees=~~
	* Laura, Yar, Robb, Jenny, Fred

	~~==Update on Lender==~~
	* see laura's email - lender is afraid of being the bad guy, and wants a shorter term. impressed by $1M donor, thinks we should find another one
	* won't donate himself, but says "not my project"
	* rob: sounds like maybe he doesn't want to loan. telling you to do something else...
	* laura: i think we can meet his terms
	* need to clearly outline what happens in case of default and how loan is secured, in order to protect him & his reputation
	* 10 years max, but we could propose a lower interest rate
	* not keen on grace period - made him curious about our cashflow
	* matt's going to write up projections of loan terms, interest rates, etc
	* need to show how omni is related to internet archive
	* robb: what if sudo was the fiscal sponsor of the omni?
	* need to show him a business plan
	** jenny: maybe ask the berkeley business students to help us?
	** need to account for potentially 2 years of paying property taxes before we get refunded w/ welfare tax exemption

	~~= New Donors =~~
	* Laura has an outreach plan a couple weeks from now

	~~= Owner Financing? =~~
	* $750,000 down payment was discussed before the lease was signed bit there is nothing in the lase or option to purchase.
	* much talk around the subject of the owners' personal qualities

	~~=501c3 App=~~
	* Fiscal Sponsorship Resolutions:
	** we can imminently sign one with sudo mesh (jenny was delegated the decision by the board)
	** awaiting replies from Fermentation Station, MPM, OpAl/LLC, Real Vegan Cheese & BAPS
	** would have to get delegates consent on Thursday once we get confirmation from interested projects

	* Financial Statements
	** All collectives poked today by Matt G
	** We have enough $ for October
	** One of our awesome volunteer accountants was sick last week, got less work done than predicted.

	~~=Last Week's Action Items=~~
	* Digitize and send sublease agreements [Jenny]
	** DK is looking for Phat Beets', need a sig from FNB
	* Finish bios for BoD [Jenny] - just need Dragons!
	* Print, sign and send updated Bylaws [Jenny] - sent 9/14, may need to edit OpAl's name
	* Ping lender again [Jenny] - pinged 9/14`
	* Edit Charitable Activities response: https://pad.riseup.net/p/omniactivities

	~~=Action Items=~~
	* Contact Media Alliance & SchoolFactory re: overhead for being a fiscal sponsor of multiple projects [Jenny]
	* Arrange meeting with BACLT, Jesse, & Lender (jenny)
	* Next Tuesday at meeting with Berkeley business law bring up idea of helping us with writng business plan (laura)

	~~=Previously=~~
	* https://omnicommons.org/wiki/Event:2015/09/14_Until_the_Revolution_Working_Group
	* https://omnicommons.org/wiki/Event:2015/09/07_Until_the_Revolution_Working_Group
	* https://omnicommons.org/wiki/Event:2015/09/02_Meeting_with_Jesse_Palmer
	* https://omnicommons.org/wiki/Event:2015/08/31_Until_the_Revolution_Working_Group

Yar: copy from pad

2015-10-02T02:40:21Z

copy from pad

New page

Omni "Buy the Building" working group meeting - Monday September 28, 2015

=Attendees=
Brian from Kiva
Laura, Matt, Yar, Joe, remote-jenny

=Kiva=
* Kiva around x 10 years modeled after Grameen bank.

* Brian's worked for Kiva Zip for 8 months. was part of Occupy, social justice groups. came here for Strike Dept. lives in Richmond, worked for RPA. interested in businesses, worked for night clubs, brother had a biofuel business. trees in bangladesh. grew up poor, working class, wants to get access to capital for groups. 4 months ago started looking into cooperative environment, went to CCCD conference in sacramento, met folks from Dig here, helped anya & maria fund something. also somebody here from a bike collective, as well as $20k for rich city rides in richmond. spoke at their cooperative conference. helped guys crowdfund. "pretty simple, i hate the banks. if people need access to capital, how can we do that?"
* kivazip is microfiance, 3 years old. launches thursday in san francisco. raises matched lending money in the bay area. mostly SF but also oakland, elsewhere in bay area. another one coming up 3rd quarter.
* help take care of liquidity issues, build a stronger business
* need a picture of what you do, what you're gonna do. couple paragraphs on personal platform - "how i grew up, what i like doing".
** https://www.indiegogo.com/projects/open-the-omni-commons-for-all-of-oakland/x/9094356
** hour or 90 minutes to fill out app. no credit check, based on social capital.
** 15 day period to get community members to raise $25+ per person
** platform has 60+k members
** https://zip.kiva.org/
Next steps:
* Select an individual to represent each collective that will borrow
* Take a picture for each collective for campaign page
* We decide which groups will apply for loan first
* Person fills out application
* HAve ot get all apps running by 10/23
* Every borrower lends $25 to another borrower
* SF Kiva Zip launch is this Thursday at SF City Hall.

=Response to BACLT=
See their email from 23 Sep and draft response here: https://pad.riseup.net/p/bacltresponse
* We should respond quickly to their direct questions about our decision making structure and accountability
* Need to finalize terms of ground lease so BACLT can decide if they want to take on the specific work and how much they would charge us on a montly basis as part of the lease

=Lender=
* We still haven't contacted Lender to set up appointment. Thinking to try to set it up for in about 2 weeks to give us time to work on ground lease. Asked jenny in the chat to do this.

= New meeting time =
5-7pm Monday

=Subleases & Fiscal Sponsorships=
* Sudo: Sublease check
* CCL: Sublease check
* TIL: Sublease check
** Durga Press:
** Publication Studio:
* BAPS: Sublease - request if they're willing to be fiscally sponsored instead
* FNB: Need Helen or Joe's signature on sublease
* MPM: Need a signed sublease or ideally further discussion re: fiscal sponsorship [Matt?]
* OpAl/Liberated Lens: Willing to be fiscally sponsored, need to sign an agreement and be approved by the delegates
* Sudo Mesh: Willing to be fiscally sponsored, need to sign an agreement and be approved by the delegates
* Phat Beets: Need signed sublease (DK has it)

=Action Items=
* Coordinate phone meeting w/ Jesse, BACLT and Lender [jenny] - sent a Doodle on 9/29
* Follow up with Berkeley Business Law student practicum
* Edit Charitable Activities response: https://pad.riseup.net/p/omniactivities
* Reply to RIck - Laura will draft
------

Omni "Buy the Building" working group meeting - Monday September 21, 2015

=Attendees=
* Laura, Yar, Robb, Jenny, Fred

==Update on Lender==
* see laura's email - lender is afraid of being the bad guy, and wants a shorter term. impressed by $1M donor, thinks we should find another one
* won't donate himself, but says "not my project"
* rob: sounds like maybe he doesn't want to loan. telling you to do something else...
* laura: i think we can meet his terms
* need to clearly outline what happens in case of default and how loan is secured, in order to protect him & his reputation
* 10 years max, but we could propose a lower interest rate
* not keen on grace period - made him curious about our cashflow
* matt's going to write up projections of loan terms, interest rates, etc
* need to show how omni is related to internet archive
* robb: what if sudo was the fiscal sponsor of the omni?
* need to show him a business plan
** jenny: maybe ask the berkeley business students to help us?
** need to account for potentially 2 years of paying property taxes before we get refunded w/ welfare tax exemption

= New Donors =
* Laura has an outreach plan a couple weeks from now

= Owner Financing? =
* $750,000 down payment was discussed before the lease was signed bit there is nothing in the lase or option to purchase.
* much talk around the subject of the owners' personal qualities

=501c3 App=
* Fiscal Sponsorship Resolutions:
** we can imminently sign one with sudo mesh (jenny was delegated the decision by the board)
** awaiting replies from Fermentation Station, MPM, OpAl/LLC, Real Vegan Cheese & BAPS
** would have to get delegates consent on Thursday once we get confirmation from interested projects

* Financial Statements
** All collectives poked today by Matt G
** We have enough $ for October
** One of our awesome volunteer accountants was sick last week, got less work done than predicted.

=Last Week's Action Items=
* Digitize and send sublease agreements [Jenny]
** DK is looking for Phat Beets', need a sig from FNB
* Finish bios for BoD [Jenny] - just need Dragons!
* Print, sign and send updated Bylaws [Jenny] - sent 9/14, may need to edit OpAl's name
* Ping lender again [Jenny] - pinged 9/14`
* Edit Charitable Activities response: https://pad.riseup.net/p/omniactivities

=Action Items=
* Contact Media Alliance & SchoolFactory re: overhead for being a fiscal sponsor of multiple projects [Jenny]
* Arrange meeting with BACLT, Jesse, & Lender (jenny)
* Next Tuesday at meeting with Berkeley business law bring up idea of helping us with writng business plan (laura)

=Previously=
* https://omnicommons.org/wiki/Event:2015/09/14_Until_the_Revolution_Working_Group
* https://omnicommons.org/wiki/Event:2015/09/07_Until_the_Revolution_Working_Group
* https://omnicommons.org/wiki/Event:2015/09/02_Meeting_with_Jesse_Palmer
* https://omnicommons.org/wiki/Event:2015/08/31_Until_the_Revolution_Working_Group

Event:2015/09/28 Fundraising Working Group - Revision history

Yar: remove redundant stuff from prior week

Yar: copy from pad