The Auxiliary Cord LLC Operating Agreement codifies all management responsibilities and decision-making protocols. Each owner has an ownership percentage proportionate to their ownership share(s). The Ownership Group also selects three Managing Members to represent the whole group in some decisions. The initial Managing Members are three of the Aux Co-Developers: Tosha Wilson, Gabori Partee Sr., and Lori Laser. Managing Members serve for a term of two years. Larger decisions in the future – such as whether to replace the professional property management company or sell the asset – typically require participation by all members, while day-to-day operational responsibility for smaller decisions – such as relocating a sign inside the building – are delegated to Managing Members. The project will be professionally managed by a commercial property management company hired by The Auxiliary Cord LLC . The managing company will ensure all of the typical building management responsibilities are executed including developing and maintaining a competitive and affordable annual budget, preventative and ongoing maintenance and repairs, rent collection, etc. Additionally, it is common for projects like the Aux to form a tenant council that advocates for building conditions and works together in a supportive business ecosystem to advance information sharing, group events, cooperative marketing and other collaborations.