Dear Brother, The fraternity house that we’re so fond of is facing some challenges: • New laws require that a fire suppression system (sprinklers) be in place by 2011. • The dormitory portion is almost 40 years old and is showing the wear and tear of being lived in by three generations of young men. • Its late ‘60s-era single-pane windows and minimal insulation means larger-thannecessary energy bills. • The flat roof doesn’t leak…yet…but will need work soon. The Alumni board began exploring this project in 2003. We’ve looked at a number of options, we’ve learned a lot, and feel we’ve formulated a solid plan on how to proceed – now we’d like to share it with you. The planned construction The house is in great shape structurally, so we’ll just gut the walls. This will allow us to: 1. Minimize structural changes to the existing property 2. Invest dollars where they’re really needed, and 3. Complete construction during the summer To improve energy efficiency, we’ll replace the existing windows, add more insulation in exterior walls, and update the heating system. We’ll also use “green” materials if they’re cost-effective and available. Besides putting in a sprinkler system to meet new building codes, we’ll update the wiring to handle the electrical load of today’s appliances and equipment. We’ll also install cable for computers and telecommunications. Nicer amenities needed to compete We’ll modernize the rooms and facilities to be comparable or better than the dorms and other offcampus housing. We’ll remain at 36 beds, with a standard room layout (one desk and closet per man, allowances for lofts, etc.), but we’ll upgrade other areas: • Expanded bathrooms on 1st and 2nd floors • On-floor laundries • Locker/mudroom for barn/work clothes, etc. • Exercise room For aesthetics, we’ll add a peaked roof to the dorm and reface the exterior to match the rest of the house. We’ll also add a new south entryway with a vestibule and a new encased staircase from the 2nd floor to the basement on the east side. Other areas will change We’ll remodel the old chapter room with two new bedrooms. These will replace Rooms 101 and 201, which will become part of the expanded bathrooms/laundries. The common mudroom/ locker room will also be located here. The current recreation room in the new portion of the house will serve an additional purpose, as the new chapter room. The furniture, pool tables, etc., can be easily moved to set up seating for chapter meetings. In addition, it’s larger than the old chapter room, which is currently filled to overcapacity during meetings. The investment needed The estimated cost for the renovation is $955,000. However, with the current depressed economy and construction companies hungry for contracts, similar recent construction projects have seen bids come in up to one-third lower than originally estimated. (over please) In this case, we actually may be able to afford to add some features to the house, such as cooling, that we hadn’t originally planned. How we’ll pay for it We have talked to alumni from UW-Madison, Kansas State and North Dakota State about their recent fundraising efforts for house remodeling projects, and have received some great advice and insight. By the way, each of these chapters raised more than $1 million to assist in various levels of their projects. Here’s how it pencils out for our chapter: • We have accumulated more than $70,000 in savings since we paid off the new house addition in April 2007. • We’ll continue to increase this amount until construction begins. • We should be able to finance approximately $225,000-$250,000 of the renovation (15-year payoff). • And, of course, we’ll take advantage of any available grants or credits for energy efficiency or renewable energy. • Bottom Line: We would need to raise $600,000$650,000 in pledges by the Summer of 2010 to begin demolition and begin the renovations. Alpha Psi is currently 900 Brothers strong – working together, we can achieve this goal. We will ensure the future of AGR at UWRF, if we ensure that we have a chapter house that meets the needs of future brothers. That’s why the Alpha Psi Alumni Board has decided to move forward with the plan to raise funds to update and improve our AGR home. How brothers and others can contribute Alpha Psi has many Brothers, spouses, Rho-Mates and friends, and we’ll ask for their help in any way they can. Here are just some of the possible ways they can contribute: • • • • • • • • Cash Gifts (tax-deductible checks payable to “Alpha Gamma Rho Foundation-Alpha Psi” or non-tax deductible checks to “Alpha Psi Alumni Association”) Pledges (a commitment to contribute in single or multiple installments for up to three years) Real Estate Whole Life Insurance Tangible Personal Property (jewelry, artwork, collections, equipment, etc.) Publicly Traded Securities (readily marketable securities, such as those traded on the U.S. stock exchange) Closely Held Securities (non-publicly traded securities) Deferred Gifts (bequests/wills, charitable gift annuities, deferred gift annuities, charitable remainder trusts) Won’t you please help your chapter? Our strategy is to have Team Leaders for each initiation year of Alpha Psi. These Team Leaders will work with Volunteers to contact all our Brothers to ask for support. If you have an interest in helping out with the campaign, please contact Campaign Chair Jack Ourada. We hope you can contribute – and ask those Brothers, Rho-Mates and friends you know to do so, as well. For more information about the Campaign to Renovate the Alpha Psi House: • Contact Jack Ourada, Campaign Chair, at 920731-8845 or [email protected]. • See the Alpha Psi web site at www.agralphapsi.com – click Housing Renovation Project on left hand side.
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