Proposed Alpha Psi Building Project

February 22, 2009

Alpha Psi Building Proposal 2/22/2009 Agenda

•  Opening remarks – Joe Waldo

•  State of the Active Chapter – Walter Taylor (5 min)

•  Project objectives/Est. costs – Keith Gunderson (10 min)

•  Current budget, funding options – Clyde Nelson (5 min)

•  Preliminary Fundraising Plan – Mike Kawleski (5 min)

•  Open Discussion – All (20 min)

•  Recap and action items – Joe Waldo

Alpha Psi Building Proposal Project Background

•  Original dormitory portion of the house is almost 40 years old and is showing its age

•  New laws require we have a fire suppression system in place by 2011 (sprinkler system)

•  Energy efficiency was not important in late 60’s when dorm was built (minimum insulation/single pane windows)

•  The flat roof doesn’t leak (yet), but will need work soon

•  In 2007, the Alumni board began looking at this project

•  Now we need your guidance in deciding what the overall scope of the project should be

Alpha Psi Building Proposal Project Needs

•  Sprinkler System to meet fire suppression standards

•  Updated electrical wiring

•  Wiring for computer and communications

•  Replace existing windows with new energy efficient ones

•  Add more insulation in exterior walls

•  Updated heating systems and possible addition of cooling

•  Modernize rooms and facilities to be comparable or better than the dorms and off-campus housing

Alpha Psi Building Proposal Project Wants

•  Stay at 34 beds

•  Expand bathrooms

•  More individual storage space (ie. locker room)

•  Peaked roof/redo overall roofline •  Tie the two sections of the house

together (reface façade of dorm and dining/kitchen/etc.)

•  Chapter room – to seat a minimum of 70 people

•  New rear entry

•  Enclosed stairwell on East side of building

•  On floor laundry

•  Renovate Kitchen •  One closet per man

•  One desk per man

•  Exercise room

•  Basic room layouts and fundamentals for lofts

Alpha Psi Building Proposal Project Preferences

•  Minimize structural changes to existing property

–  Why? Thought is that it is better to invest those dollars in new portions

•  Use “Green Materials” if cost effective and available

•  Use high energy efficient products to maximize heating efficiency

•  Look for any grants or credits available for use of solar or geo-thermal (if cost-effective)

•  Breaking project down into three stages, but it will be most cost-effective to do all at once

Alpha Psi Building Proposal Phase 1: Interior

•  Totally gut 1st and 2nd floors - remodel with enough beds and closets for 34 members

•  Install Sprinkler System to meet new building codes

•  Updated electrical and communications wiring

•  Updated heating and possible addition of cooling

•  Replaced existing windows

•  Addition of on-floor laundry on first and second floor

•  Expanded bathrooms on first and second floor

•  Estimated Cost: $550,000

Alpha Psi Building Proposal Phase 2: External

•  Peaked roof over dorm structure (doesn’t leak yet)

•  Add exterior insulation to walls

•  Refaced exterior for better energy efficiency and to better match rest of the house

•  New entryway on south entrance with vestibule

•  New staircase from second floor to basement on east side of building

•  Encase this new stairway with new east entryway

•  Estimated Cost: $390,000

Alpha Psi Building Proposal Phase 3: New Addition

•  This would be the addition of a new handicap accessible 70 seat chapter room

•  Would allow us to better meet handicap standards (current “legal” chapter room is dining room)

•  Basement space (current chapter room) to used for:

–  Locker room / storage

–  Exercise room and/or quiet study,

–  Three additional bedrooms (room for 40 total men)

•  New restroom and janitorial closet in new house

•  Estimated Cost: $355,000

Alpha Psi Building Proposal Project Recap

Alpha Psi Building Proposal Funding Options

•  We have accumulated $49,000 in savings since we paid off new house addition in April 2007

•  Assuming we wait until the summer of 2011 to build, we should be able to increase this amount to $110,000.

•  So we need to raise approximately of $830,000 in pledges by the summer of 2010 to do Phase 1 and 2 in summer of 2011

•  Then we would do Phase 3 when we have the remaining $350,000 committed

•  If we can raise the full amount early, we could gain cost efficiencies by doing all three phases at once

Alpha Psi Building Proposal Fundraising Plans

•  We now have almost 900 Alpha Psi Alumni

•  We have talked to alumni from UW-Madison, Kansas State and North Dakota State about their recent fundraising efforts for house remodeling projects

•  While they all used outside fundraisers (all raised over $1MM), we are hoping to be able to do this ourselves

•  Unlike these older chapters, we do not have individual alumni who can donate large sums

•  So our success will be based on getting a high percentage of Alpha Psi alumni to donate

Alpha Psi Building Proposal Alumni Analysis

Alumni Statistics:

•  Total Initiates: 932

•  Living Alumni: 791

•  Alumni w/ Addresses: 731

•  Lost Alumni: 58

•  Deceased: 16

•  Expulsions: 58

•  Undergraduates: 61

Initiates by Decade:

•  1960’s: 113

•  1970’s: 197

•  1980’s: 180

•  1990’s: 253

•  2000’s: 186

Alpha Psi Building Proposal Fundraising Ideas