2008 Founder's Day Meeting Minutes

Meeting called to order at 5:08pm - April 19, 2008

Introductions of Alumni and undergraduate members

A motion was made and seconded to waive the reading of the minutes from the 2006 Homecoming meeting

Alumni President report – Richard Maltz

Alumni Treasurer – Chris Burke

Alumni Corporation will be leasing the house from National – lease to own. The first year’s rent will be $60,000.
Chris Burke has been working with the undergraduate treasurer (Jasen Marshall) on compiling numbers for complete overview of house expenses
Percentage of rent collected from undergraduates will go into a capital reserve fund
Rent per brother is $4600 per year – not counting fees for food plan or activities fee
Discussed collecting fee in addition to rent, part of which would be allocated to the undergraduates to purchase either house furniture or other house upgrade needs

Balance as of January 1, 2008 $12,363.50

Total Deposits 1/1/08 - 3/31/08 $6,872.91

Total Interest 1/1/08 - 3/31/08 $14.08

Total Debits 1/1/08 - 3/31/08 $4,694.94

Balance as of March 31, 2008 $14,555.55

Undergraduate President Report – James Patterson

15 new members this year – 7 this past semester
Very active in community activities – blood drive, Dance Marathon, Village of Penn State, THON, etc
5 brothers graduating this semester
26 brothers slated to live in house this coming fall. First time in a long time that some of the rooms will be doubles
Had a great Brotherhood retreat this semester
Won Homecoming this past fall and will be doing homecoming with Omega Phi Alpha
At Greek Oscars they won awards for top GPA in Fall and for K.I.C.K.S. soccer tournament
Classes end May 2nd
Will have at least 3 brothers living in the house this summer
Will be doing THON again – but not directly with a sorority – as to guarantee two dance spots, but will work with another sorority

Undergraduate Treasurer Report – Jasen Marshall

3 brothers will live in house this summer
House bill for next year is $2300/semester
Food bill for semester is $400
All brothers in good standing
University Bursar office now collects house bill and will start accepting payment via credit cards this coming semester.

Old Business

Everyone liked the success of Alumni Work weekend this part spring and another work weekend will be held next spring
The idea of having another alumni event (not pegged to homecoming) was discussed and the weekend of the Oregon State home game was decided as a good weekend to have it. Along with inviting omega alumni to a house event, local Theta Chi alums will be invited as well.

New Business

For the Good

Jasen Marshall for doing a great job as undergraduate treasurer
Richard Bartnik (father of brother Chris Bartnik) for all his time and effort during alumni work weekend
The alumni work weekend
Jason Chottiner for putting together the BBQ picnic today

Motion to close – seconded

Meeting closed with the singing of “It is to Thee”

Meeting ended at 5:33pm

Respectfully submitted.

Richard Maltz '90

Alumni President