Fellow member-investors, friends and neighbors,
The diligent readers among you of our newsletters know that we recently announced our intention to hold the First Annual Election of the new Board of Directors at our upcoming Fall All-Member Meeting.
After much deliberation, the Founding Board (formerly the Steering Committee) and the Nominating Committee has decided to postpone the elections until Spring 2018.
This was not an easy decision for us to come to. The Board has been working hard to obtain the approval of the Attorney General's Office for our capital raising plans. And our Nominating Committee has been diligently recruiting Co-op members and prospective members from partner organizations to run for the new Board.
However, we have come to realize that these goals will not be met in time for the November 12th Fall All-Member Meeting. By postponing the election, we give ourselves the time to prepare, in the best possible way, to create the conditions for the success of the Co-op. The Board will announce the date of the election after the Co-op has received the AG's approval.
Like any cooperative, we succeed only on the collective strength of enthusiastic and engaged members. As a startup cooperative, this means we rely on member-investors volunteering their time, passion and labor to achieve our common goals and values. We thank everyone who has volunteered their time over the last couple of years, and hope to thank you in person at the Fall All-Member Meeting.
We hope everyone reading this will join us on November 12th (details below). We welcome you to join the Board and Nominating Committee in a collective discussion on how we will manage the transition from startup to full operations. It is only by working together that we will secure permanently affordable space for civic, cultural, and community use in NYC.
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