Questions From Membership Meeting 10/24/03

After James summarized the results of the surey which was that the majority of the members are in favor
of raising the funds, the following questions ensued.

Sam Braverman

Q: How confident are we that we can raise the money?
A: We don't really know and are investigating this.

Q: What does the College have over us, vis a vis other fraternities regarding recognition.
A: They have the power to recognize us or de-recognize us. Recognition brings much administrative
assistance in terms of billing the undergrads and integration of student loans to pay for Fraternity
expenses. Also, insurance costs for the house are kept low because the College is the "overseer". Without
that recognition, our costs would go way up, more than our ability to generate operating
revenue.

Q: Have we done independent verification of the costs of repairs?
A: Yes. Bruce Williamson, who owns his own building company, has been working 
with the College on the numbers.

Q: How many alums are there and what is the contribution rate?
A: There are 1200 alums. Contribution rate is approx 15%.

Paul Barnico

Q:Is there an ultimatum with an amount in writing that says we will be de-recognized if we dont spend
that amount?
A: There is no ultimatum with an amount in writing. However, there is a document describing the
responsibility of each house to meet building codes. This is nothing new. What is new is the codes
the College now expects us to meet. The repairs and cost are based on the estimated amount it would take to 
bring the house up to this new set of codes.

Q: Are any other organizations in the same situation?
A: Yes. Many are faced with raising the same magnitude of funds as we are. Some
have national organizaions behind them. Some do not.

Q: Has Dan Shibman (a Trustee and Tri-Kap alum) been consulted?
A: No

Q: Should we charge the undergrads more to coer the costs (i.e. raise the 85% of room rate they
currently pay to be closer to the College room rate)?
A: This would not be nearly enough to cover the cost and would make it so that some could not live in the house.

Jason Klein

Q: If we can't raise the money, what's the alternative? What is "plan B"?
A: Alternatives were on the Survey form. If we can't raise the money, 
then we'll have to choose between one of those options.

Q: What is the value of the house?
A: Recent appraisal (last month) was $1.009 million

Mark Perez
Q: Can we get a statement from the College (Trustees/President) as to their official 
position on Fraternities?
A: We have asked the Dean of Residential Life several times over the last couple of years
for such a statement. Neither the Trustees nor the President have given one.

Q: Can we develop "Class Agents" (4 - 5 years apart) to ask fo rmoney for projects?
A: Yes

Kevin Flemming
Q: Do we know how bad off the other houses are? Do we have allys?
A: We are working on bringing the other houses together to understand this.


Q: Can we form a Financing Committee to study our options?
A: Being done under Bruce Westcott and Terry Lowd's leadership.