Assalam Alaikoum Wa Rahmatu Allah
Our dear West Valley Musilm community members,
As you know we are considering a building for purchase at 1655 Hollenbeck, Sunnyvale.
We’ve just reached an agreement with the seller of the property. After much back and forth involving an attorney and consulting with multiple community experts in real estate, we agreed on the terms and signed the PSA (The Purchase & Sale Agreement). The PSA used is a standard AIR agreement with modifications.
Terms of agreement:
- Purchase for $4.1 Million
- Pay a deposit of $100K upon signing plus another $100K at the end of the contingency period.
- The contingency period is 45 days from signing with 35 days for building related inspections.
During the contingency period, we can withdraw without losing any deposit. We have until March 28th, 2022 to do all our due diligence and gather as much data (inspection, permit, appraisal, etc.) as needed.
The following are the Committees we’ve formed as a response:
- Dr. Shahid Siddiqui and Iftikhar Ahmed will lead Inspection & Appraisal
- Hisham Izzeldin, Athar Siddiquee, Shafath Syed are community outreach
- Osman Ghafoor, Zaheer Mohiuddin, and Hamid Butt will lead the Fundraising efforts
- Sister Samina Chaudhry will lead the Fundraising Event on March 12th or 13th, 2022 (details to follow)
- Hamid Butt will look into the issues pertaining to the vault (the property was a bank)
- Razi Mohiuddin & Omar Din are on City Use Permit
- Dr. Yacoub Elziq will lead the Plan B efforts and investigation
- Naheed Vora will lead Gathering / Secure Fundraising Funds by closing of April 30th
- We need help for Neighbors outreach – please let us know if you live nearby and are willing to help!
If you are interested to help with any of these tasks, please reach out to us at email@example.com
Insha Allah we are also planning to host a few Town Hall meetings:
The first meeting will be on Sunday, Feb 20, 2022 at 10:00 am Pacific Time
The second meeting will be on Monday, Feb 28, 2022 at 8:30 pm Pacific Time
We also put together a slide deck here with more information about the property and some of our findings and plans.