Editor's note: Questions are in red, answers in green, comments in black.
Present: Jeff Brill, Geo Morales, Glenn Arbesfeld, Dave Barker, Bryan Chua, Brian Feuer, Joe Fass, Chris Vakulchik, Rob Owens, Matt Greimel, Tim Swaszek, Bill Faasse, Mike Regn, Joe Olderama, Tim Madsen, Xuchu Ruan (Izzy), Brian Galok, Ryan Goldschmitt, Doug Cohen, Mike Bardarik, Shawn Cronen, John Baker, Craig Daugherity, Bruce DiBisceglie, Bill Severino, Rob Romaine, Glenn Trimboli, Bob Zotti, Chris Lambert, AJ Griglak, Greg LaSala
Arriving Late: Alex Zisselman
Bryan Chua gave kudos to all Board of Directors members
Is alumni up to date with tax filings?
Yes
$45K due in September - when does the CD run out?
June 29, 2002 - no penalty
Work weekend - create budget and set up in August
Average NJIT pledge classes - 10 for fall & spring combined
We need insurance with the purchase of the house
Gary is attempting to turn over his policy to us
9.5% loan on the house - it's a high risk loan
When the UG's do budgets, it should be required to be approved by the BOD
It seemed like the UG's didn't trust us so they did it own their own
The UG's failed on their own
In case of the PSE&G bills that were misbudgeted, the alumni could have helped
Get hit with actual bills instead of estimated bills
The UG's can make appointments w/ PSE&G to have the meter read
What happens to the $45K and $30K we've put in to the house if we default within the next 5 years?
It must be worked out in the contracts
It probably defaults back to Gary
We would lose everything
Are the UG's pleased with the level of maintenance from the landlord?
Aesthetic (by UG's) , Safety (by landlord) & Maintenance (by Alumni Corp.) issues
Landlord proposals to fix stair are not agreeable to us
Regarding safety issues, there's water damage and wet macadam by the front porch
Mike Regn tried to fix it
We could try to buy the old stairs from 273 King Blvd
The alumni should set up a blank format template for the UG's on budgets
Only $100 was lost on average at previous Black & Whites
The UG's should tell National HQ of the 5-6 deadbeats to take off the roster so they don't get hit with insurance & taxes
The UG's are still willing to do work for money (slave labor)
The UG's should put a list together of materials they need
Alumni probably have the stuff floating around their houses
Can post on the website in the swap & shop section
Will the UG's have to eliminate the debt to alumni before closing on the house?
Will work out scale on UG rent payments based on debt owed
Landlord issues go away when we purchase the house
We should get Gary to fix stuff before we buy
Not required by Gary; only required to turn the house into a fraternity house
Rob Owens is trying to get a hearing to protest the law
The house is NOT just for ???'s & UG's
NJIT recognizes the organization, not the house
It's not school sponsored housing
Some schools own fraternity houses and run them like dorms
The paperwork includes Gary as a resident in the house, therefore it's NOT a fraternity house
We can re-register the house with NJIT to change the address to a P.O. box in the Hazell Center
Mike Regn asked Rob Owens to take the letters down to refinish them
This could coincide with the sprinkler people coming around
We can refinance the UG debt and the sprinkler cost into the mortgage
The new housing corporation - how is it formed? Who are the officers?
It was set up as a not for profit corporation
All financing goes thru the new corporation which has its own finances
We are looking into changing the name of the housing corp. to get an anonymous sounding name and exclude a reference to the fraternity
Piercing the Corporate Veil - if you pay with your own account it voids the corporation
How do we move funds from one corporation to another?
There's a fine line in how the monies are spent
Is there a separate constitution for the housing corp.?
Are any UG's involved in the Vector, Nucleus, Senate, WJTB, etc. for high visibility on campus?
Only Peter Gaal was on the Vector/Nucleus
It creates a presence on campus
oike Regn & Izzy are on the Honors Board
Proposals for materials on Rush are bouncing back on the BOD
The UG's want to fix the stoop; we need another proposal on fixing the stair
John Baker had a conversation with the contractor working on the ??? house; he will give us a free estimate
Do we repair or replace the stair?
The BOD is awaiting a write up on the house inspection by Bill Severino
The first deed to the house goes back to 1921
The $1050 per month mortgage does NOT include taxes or insurance
We need a Continuing Certificate of Occupancy (CCO) when we change ownership of the house
It would require additional work
Matt Greimel can help - he still works in Newark
If zoned as a single family house, it's hard to keep it as a single family
It should be a multi-family house zoning
Are other fraternity houses single family or multi family houses?
We MUST research this before closing
New code - the International Construction Code - is starting around June 30th
The new code doesn't require sprinklers as much as the current BOCA codes do
There may be aspects of the BOCA code grand fathered into it
A new lead and pump is required for a sprinkler system
| Matt Greimel | 35 |
| Chris Vakulchik | 32 |
| Mike Bardarik | 22 |
| (top three votes and new members above) | |
| AJ Griglak | 12 |
| Jon Hodgson | 4 |
| Tony Parsio | 3 |
| Brian Feuer | 1 |
| Bryan Chua | 37 |
| Dave Barker (Write In) | 1 |
| Chris Vakulchik | 37 |
| Dave Barker (Write In) | 1 |
Do we reinstate the $10 UG alumni fee as required per the Constitution and reduce the number of alumni brothers to base the dues on to 34 total?
Yay: 26 Nay: 1 Abstain: 1 (Motion passed)
Amendment proposal as written by Bryan Chua
Yay: 14 Nay: 15 Abstain: 1 (Motion defeated)
A system should be set up in the future to send the UG's to the National Convention
Could be a fundraising event like Poker nights at the house
Ken Nevola is giving his golf outing away since he double booked the day
The Vernon O. Drake Knowledge Award is for the UG's - they are eligible to apply
We can still use a bond program over 15-20 years to pay for the house
It's less risk for the chapter of losing money
It helps the house out now with a lower rent figure
We can absorb the debt and sprinkler costs into the financing
Bruce DiBisceglie is willing to sit on a board and attend meetings for this
The plan for the house - move ahead to have Gary hold the mortgage
Can we institute a bond program too if there's no penalty to pre-pay on the mortgage?
Glenn Trimboli will go to a committee for the house
Next meeting: Saturday, June 7, 2003, time and location to be determined