SIGMA PHI EPSILON AT OKLAHOMA STATE UNIVERSITY

PRIDE IN OUR PAST, ENSURING OUR FUTURE:The Campaign for oklahoma alpha

Our Proud Heritage

Since 1920, the Oklahoma Alpha Chapter has been at the heart of Greek life at Oklahoma State University. From our founding to

the present, our proud history speaks for itself through high academic achievement and leadership within the University. With more than 2,100 initiates, the Oklahoma Alpha Chapter has influenced the lives of numerous men, cultivating lasting friendships in the process. Many of our best college memories can be traced back to our SigEp experience.

While many of our alumni have gone on to successful and distinguished careers in business, medicine, law, technology, and countless other endeavors, the common bond of our brotherhood remains, along with our shared principles and values. Most of us can trace the roots of our success to the chapter house.

Through Sigma Phi Epsilon we not only learned the importance of friendship, knowledge, service, morality, and excellence, but we acquired valuable assets, which include leadership skills, organizational skills, social skills, teamwork, and character. Oftentimes, these traits have been integral to our personal success and helped make us the men we are today.

Our chapter house at 1121 West 4th Avenue is clearly the focus of undergraduate life for SigEp. It has been a home away from home for hundreds of young men and a classroom where our brothers have learned virtue, diligence, and brotherly love. However, if we wish for Oklahoma Alpha to continue its strong presence on the OSU campus, we must ensure that we are providing a safe, modern, and competitive facility. Now is the appropriate time to secure our future.

Undergraduate Accomplishments

• 125-manchapter,60menliveinthechapterhouse• SecondPlaceOlderMemberGPAof3.29–Fall2010• SecondPlaceOlderMemberGPAof3.25–Spring2010

naTional awards and aChievemenTs• BuchananCupOutstandingChapterAward–2013,2011,and 2009• NationalMembershipDevelopmentExcellenceAward–2011, 2010, 2009, 2008• PiBetaKappaWheelhouseGPAAward–2011,2010,2009, 2008, 2007

loCal awards and aChievemenTs• InterfraternityCouncilExemplaryChapterDesignation–2011• InterfraternityCouncilChapterQualityAchievementAward– 2011

PR

IDE

IN

OU

R P

AST

, EN

SUR

ING

OU

R F

UT

UR

E: T

he C

am

pa

ign

fo

r o

kla

ho

ma a

lph

a

SIGM

A P

HI E

PSILO

N A

T O

KLA

HO

MA

STA

TE

UN

IVE

RSIT

Y

The need to rebuild

While the SigEp experience is certainly more than the bricks and mortar of the chapter house, our home undoubtedly plays

a significant role in the development of our brothers and as a proud symbol of our shared values and goals.

Builtin1978,1121West4thAvenuehasbeenapartofOklahomaAlpha’s legacy for33years and is showing its age. It hasbecomeclear that we must make a major investment in our next chapter house if we are to remain competitive, provide a quality living environment, and develop BalancedMen who follow our cardinal principles ofvirtue, diligence, and brotherly love.

keeping our BroThers safeThe safety of our collegiate members is of utmost importance to the Oklahoma Alpha AVC; we must offer a structurally sound and safe home for our collegians. Much like our personal homes, our chapter house must be a safe haven that instills confidence in our members and their parents.

pursuing exCellenCeOklahoma State University is as academically challenging as ever andtheneedforanenhanced,quiet,well-lit,andcomfortablestudy

space within our facility is necessary for our members to achieve success. We have all seen the impact of technology over the years, as devices not present during your college years are now necessities, including personal computers, high-speed Internet access, and e-mail. Our plan will ensure that SigEps excel academically andremain scholastic leaders on campus and within the Greek system.

seTTing ourselves aparTWhile Oklahoma Alpha continues to attract some of the top men, we know that we are losing quality potential members to other fraternities that offer better facilities. We must also compete with the amenitiesofferedinnewlyrenovatedon-campusresidencehallsandoff-campusapartments.

We can no longer meet the needs of our members; our chapter house is33yearsoldandneedstobereplacedtoensureOklahomaAlphaChapterisofferingafirst-classfacilitytoourcollegiatebrothers.

Site Plan

OUR PLAN

The Oklahoma Alpha alumni and undergraduate leadership has developedasolidplantoaddressthelong-termviabilityofthe

Sigma Phi Epsilon experience on the Oklahoma State University campus. Through careful study, assessment, and planning, it has been determined that updates and maintenance to our chapter house are too costly, and the fraternity must invest in a new facility to meet the needs of today’s students. Working with architect Jonathan J. Kucera,theOklahomaAlphaAVChasdevelopedatacticalapproachto our future.

In all areas, the architect has been instructed to address mandatory building and fire code requirements. In addition, we have placed a

special emphasis on the use of practical and durable building materials, finishes,andfixtures.Theaimisahigh-quality,durable,andadaptablefacility that will provide a safe living and learning environment for many years.

The corporation members and architect have designed a 17,500-square-footchapterhousethatmeetstheever-changingneedsof today’sSigEpcollegians.Thisstate-of-the-artfacilitywillhouseapproximately60-70men.Theestimateforthisentireprojecttotals$4.7 million. We need support from all Oklahoma Alpha alumni if we wish to make this house our home for the foreseeable future.

projeCT highlighTs

• Totalconditionedfloorareaof17,500sq.ft.,ataratioof 246sq.ft./bedfor71beds.• Thenewdormwingwillallowforabout66bedsinavariety of room size and bed configurations. Each level will connect to the chapter wing.• Thechapterwingandconnectorwillcontainthefollowing floors/functions: ° Third Floor, containing at least 4 beds for officers in anexecutivesuite,astudy/meetingspacewithsmall balconies overlooking the dining courtyard, an office overlookingthefrontporch,andancillarystorage/ mechanical spaces.

° FirstFloor,elevatedabout3’abovegrade,containing the RLC suite, library, study lounge with balconies overlooking the dining courtyard, mail room, coat closet, bathrooms, storage, and stairways. ° BasementLevel,about7’belowgrade,withdining/ meeting space for the entire chapter, kitchen and pantry, laundry, bathrooms, storage, and mechanical spaces. • Windowwellsallowfornaturallightandviewsandaccessto the dining courtyard.• Achimneystackonthewestsidewillprovideforgas fireplaces on each level.• Afive-stopelevatorwillensureADAcodecompliance.• Alargefrontporchwillannouncethebuildingentranceon the north side and provide for additional outdoor living space overlooking the Homecoming Court.• Theranch-styledesignwithpitchedroofs,modulated building masses, multiple levels, stone veneer accents, commercial windows and materials, and planned landscaping will complement the site with dramatic and contemporary curb appeal.

norTh elevaTion

wesT elevaTion

easT elevaTion

PR

IDE

IN

OU

R P

AST

, EN

SUR

ING

OU

R F

UT

UR

E: T

he C

am

pa

ign

fo

r o

kla

ho

ma a

lph

a

SIGM

A P

HI E

PSILO

N A

T O

KLA

HO

MA

STA

TE

UN

IVE

RSIT

Y

Basement

First Floor

Second & third Floors

PR

IDE

IN

OU

R P

AST

, EN

SUR

ING

OU

R F

UT

UR

E: T

he C

am

pa

ign

fo

r o

kla

ho

ma a

lph

a

projeCT CosTs

Existingsitevalue:0.70@$700,000/acre $490,000Newsiteacquisitionforparking:0.17@$700,000/acre 120,000Buildingconstruction:threestory/17,500gsf@$170/sf 2,975,000Sitework:driveways,patios,sidewalks,utilities,etc.(15%factor) 446,250Demolition:remotesitesandexistinghouse 50,000Duediligence:conceptdesign,fundraisingfeasibility,financing,zoningqualification,survey,ESA,soilsborings,etc. 50,000A&EFees(Architectural,MEP&structural,fire,civil,landscape) 300,000Subtotalequity,purchase,design&constructioncosts($253.21/gsf) 4,431,250Fixtures,Furnishings&Equipment(5%) 200,000Fundraising(feesandexpenses) 150,000Financingcosts:constructionperiod/bridgefundinginterest 126,00010%constructioncostcontingency 350,000Totalprojectvalue($300.41/gsf) 5,257,250Lessexistinglandequity (490,000)Totalprojectbudget($272.41/gsf) 4,767,250

Note: Maximum mortgage at 80% of appraised value ($5,257,250) = $4,205,800

Real Estate Operations Income 70bedstotaloccupancy:70singles/doubles/triples@$4,000/year 280,000Parkingleases:70spaces@$30/mo. 25,20080out-of-houseparlorfees($200/year) 16,000Mealsplanmargin($800/man,70contracts) 56,000 GrossIncome 377,2005%vacancy/baddebtreserve (18,860)Adjustedgrossincome 358,340 Real Estate Operations - Annual ExpensesUtilities:water,sewer,gas(about$2.47/gsf) (43,240)Communications:phone,internet,TV,fire&securityconnections (10,000)Trashremoval (2,000)Propertytaxes (exempt)Propertyandliabilityinsurance (10,000)Janitorialservice (5,000)Roomrentsmanagement (10,800)Contractors:sprinklerinspection,fire/sec.monitoring,elevator,etc. (5,000)Kitchen&housesupplies (3,000)Propertymanagement(3%ofadjustedgrossincome) (10,600)Maintenancereserve(5%ofadjustedgrossincome) (17,700)Subtotalexpenses (117,340)

Netoperatingincome(NOI) 241,000

Debt Coverage Available @1.20 coverage (NOI/1.2 = $200,833)

Annualdebtservice:FirstmortgagewithSENH/BBTorlocalbank6.00%interest,20-yearamortizationon:$2,300,000 (197,735)Totalprojectedfirst-yearmargin 43,265

Payoffexistingmortgage (325,000)Total project budget (4,767,250)

SIGM

A P

HI E

PSILO

N A

T O

KLA

HO

MA

STA

TE

UN

IVE

RSIT

Y

Investing in our future

Our investment in the future of Oklahoma Alpha will ensure the success of our chapter and will promote a legacy upon which to

build an even greater brotherhood. Today, perhaps more than ever, college fraternities play a relevant role in shaping the lives of young men. SigEp provides a small-group living environment that offers our members asolid foundation for their education and also affords opportunities for high academic achievement and the development of leadership and social skills.

The undergraduate men have made a commitment to work hard in maintaining the programs and traditions that have benefited the lives of so many SigEps over the years. Together with our active members, the volunteer leadership of the Oklahoma Alpha AVC is committed to this major undertaking, which will allow us to build our new chapter house and compete with other fraternities and housing options in Stillwater.

This stage of our project requires assistance from a highly selective group of alumni—like you. We are working to identify brothers who have both the ability and interest to provide major assistance to the project. Remember that each of us benefited from the generosity, work, and sacrifice of those who went before us. We all enjoyed the comfort and brotherhood Oklahoma Alpha provided during our years at OSU. Now it is our turn to support Oklahoma Alpha and ensure that the same, wonderful experience is available to others.

We urge your thoughtful consideration of this plan. With your support, Sigma Phi Epsilon will continue to provide a quality living environment that supports, nurtures, and develops outstanding young men with the skillsandconfidence tofaceanever-changingworld. Thecommitmentwe make today cannot be underestimated—it will have a far-reachingeffect on the lives our Oklahoma Alpha brothers for years to come.

oklahoma alpha alumni CorporaTion Board of TrusTees

President

Gary Bridwell ’74

Vice PresidentSi Fentress ’72

Treasurer

Brent Foster ’97

SecretaryKarig P. Culver ’80

Recruitment Advisor & Chapter Counselor

Shane Crawford ’99

Alumni CommunicationsBrent Suchy ’98

Property ManagerRandy Barton ’79

BalancedManSteward

Matt Atkins ’09

MembersT. Bone McDonald ’48

Joe Piccin ’87Eric Adkins’08

I believe in the American college fraternity.

I believe in Sigma Phi Epsilon.

I believe in this fraternity because it would

have me strive in every way to live up to the

high principles for which it stands.

These are Virtue, Diligence, and Brotherly Love.

PRIDE IN OUR PAST, ENSURING OUR FUTURE:The Campaign for oklahoma alpha