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 Minutes from House Corporation Meeting Saturday, October 17th, 2008 @ 8:30am Attendees: Ron Sitzer, Path Thibert, Jim Schnack, Jeff Blakely, Josh Swinnerton and Kevin Till (phone conference). President (Jeff Blakely): LCA standing with UND · No longer on probation(had been for prior three years) House Membership · The members are increasing looking good. · Current active members: 7 · Current associates: 10 Needed House Repairs · The upstairs’ bathroom urinal (closest to door) is not working. · The upstairs’ bathroom toilet (closest to door) is not working. · The kitchen’s stove left pilot light is not staying lite. · Emergency lights need to be repaired · Kitchen side outside combination lock needs to be fixed, can’t be reset to access. · Lawn mower is not working, Jeff will look into first and if need assistance will contact House Corp. Pre-I week starts 11/17/2008 · Thursday, November 20, 2008 will be the alumni dinner ELC Visit · Arriving last week of October Omega Accounts · House needs to stay on top of outstanding balances and make sure all members are paying accordingly House Finances (Jim Schnack) Current rent $8,500/semester; $17,000/year Total Expenses for year: $12,855.00 Assets Current savings balance: $20,997.95 Current checking balance: $5,204.19 Liabilities Fire Alarm Installation - $6,800.00 MCG Bank (formerly Beal Bank): $55,387.75 (4%-25yr) United Valley Bank: $29,857.05 (7.25% - 5yr. Renew) Current Upgrades to House · Built shed (10’x13’) – Paid for 2 years ago, needed wood foundation - $400 · Repaired deck next to volleyball pit - $850 · Installed Hard-Wired Fire Alarm system · Hardware - $6,300 (paid for) · Installation + additional expenses - $6,800 (outstanding) Need more fund raising for needed repairs · Ron Sitzer will setup and write the letter · Jim Schnack will mail the letters Possible live in advisor for Lambda Chi Alpha House · Must be a Graduate Student · Will re-visit next 10/01/2009 Minutes from House Corporation Meeting Saturday, January 19th, 2008 @ Noon Coming Soon... Minutes from House Corporation Meeting Saturday, September 29tth, 2007 @ 9:00 am Adjourned @ 10:15 am Meeting Attendees: Jeff Blakely, Colin Guidinger, Jeff Nelson, Jim Schnack, Ron Sitzer, Kevin Till, Pat Thibert, Eric Voigt Election of Officers President – Rick Hagen Vice President (ND Rep.) – Ron Sitzer Vice President (MN Rep.) – Pat Thibert Treasurer – Jim Schnack Secretary – Dave Hillesland Active Member Notes Are in need of hard-wired fire alarms Estimated cost: $3,000 - $4,000 Recently purchased new refrigerators to replace the commercial refrigerators that were too costly to repair Vice President Notes Need hard-wired fire alarms to be compliant with Fire Marshall standards Next house priority, upgrading both top and bottom bathrooms Estimated cost: $15,000 per bathroom for a total approximate cost of $30,000 Ron Sitzer will send out a mailer asking for donations from the alumni Ron Sitzer will look into reserving Sioux vs. St. Cloud hockey tickets for Saturday, March 3rd Kevin Till and Jeff Blakely will coordinate the project Jim Schnack, along with receiving ticket reservation money, will manage the LCA website by updating the site for other LCA alumni to view who has reserved tickets. Treasurer Notes Current Finances Assets Checking: $2,622.47 Savings: $8,903.33 Liabilities Beal Bank 25yr Loan: $57,034.61 United Valley Bank: 5 yr Loan: $19, 363.56 Budget Surplus – Cover unexpected costs (minimum $1,000 required) $1,300 Do we still need flood insurance? Current cost $1200 Ron Sitzer will contact Dave Hillesland and Duane Little John for recommendations Possible scenario: Drop the insurance and wait for mid-winter forecast If we drop the flood insurance we will continue to allocate the money each year so that it is available. This year, if we do not take the flood insurance we will apply the money to the fire alarms. This website was designed and is maintained by Golden Webmaster. |
