Facebook (Closed Group) Statement

Seeing that the number of our alumni with facebook accounts is increasing, I’ve decided to create a group to help communicate alumni events and the happenings of the chapter.

Mark Caldwell
Just so you all know the PSK Properties board has been forced into selling the Chi Tet House on 446 Stanwood. If PSK has a good address for you then you should receive a letter going into more details about the decision. Essentially they active chapter was not paying rent on time, the amount of rent necessary is more that the chapter wants to pay, and they want to move down to Fraternity Village. At this time the Property Board is looking to find other renters (non Phi Sig) for next year or they will entertain offers to sell the house out right. Sorry for the bad news, but knowing the efforts that Evan and the Properties board put into the house and chapter it is the right business decision.
March 29, 2010 at 8:45pm

Matt Parowski –  I was initially upset after hearing this, as some of you may be as well; however, after speaking to the chapter I have a better understanding of the situation and how this move will strengthen the chapter.

It was not that the chapter did not want to pay the rent, they could not afford to pay the rent because the parlor fees were raised from $250 a month to $750 a month. The costs associated with keeping that house became out of range of the chapters annual budget. They have raised dues and held multiple fundraisers but that was not enough to offset the ever increasing costs.

Our chapter is the only fraternity on campus that does not have a central location in Fraternity Village. This has made it very difficult to recruit new members as well as stay involved with the rest of the greek community. Moving down to the village should put them back in touch with the community and help them to grow exponentially. We’ve always had a strong presence in the greek community and this move will only help to strengthen our position.

There are a lot of great memories for everyone in the Stanwood house, but as the times change, we need to be receptive to change as well or our fraternity will die. I would like to ask that everyone continue to support the chapter as much as they can and not take any offense to what is happening. Although the Stanwood house may be gone, the memories we had in it will never go away. Where ever the chapter may be physically, we still need to make an effort to reunite for Alumni Association events to share those memories and show our support for the undergrads.

I would also like to thank Mark Caldwell and all of the other alumni for their support of the chapter over the years. It has not gone un-noticed.

There are talks of a golf outing this summer and a last hurrah at the Stanwood house before they guys move out. Keep your eyes out for further details.

DAMN PROUD!
Matt Parowski
March 30, 2010 at 7:25am · Like

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March 26, 2010 Letter

Chi Tetarton Alumni Letter – 446 Stanwood

March 26, 2010
Mark Caldwell
c/o Chi Tetarton Alumni Association
2431 Edsel Dr.
Trenton, MI 48183
Alumni Brothers of the Chi Tetarton Chapter of Phi Sigma Kappa:
This letter is being sent as a courtesy to make you aware of the course of action that the board of directors of Phi Sigma Kappa Properties, Inc. (PSKP) is taking with the property at 446 Stanwood, Kalamazoo, Michigan, as well as our collective efforts (PSKP and Grand Chapter) to assist the chapter in overall chapter management.

Last month, the PSKP board was given notice by the executive board of the Chi Tetarton Chapter that it will not be renewing its lease on the Stanwood property. The executive board stated the following reasons for their difficult decision:

  1. The Stanwood house is a financial burden to the undergraduate chapter as a result of the reduced income stream created when the lower bedrooms were removed;
  2. Western Michigan University no longer follows a formal recruitment system — freshmen have to find fraternities on their own which takes them exclusively to Fraternity Village Drive, putting Phi Sigma Kappa at a distinct disadvantage;
  3. The Stanwood house has a number of deferred maintenance issues which makes it an unattractive housing option for the members.

As a result of the chapter’s decision, the Stanwood house is currently without a tenant for the upcoming school year. Accordingly, a real estate broker has been engaged to offer the property both for sale and for lease as a way for PSKP to attempt to mitigate the financial
damage to the organization. The property is currently being operated at a deficit, and in the event of a sale it is unlikely that PSKP will receive funds in excess of its basis in the property.

While the decisions made by the undergraduate members have led to this decision, the PSKP board of directors does not hold a critical view of their decision. The current Chi Tetarton executive board has made a conscious effort to improve the chapter, along with our assistance and the assistance of the Grand Chapter. One example of this was taking the step of expelling problematic members.

Accordingly, PSKP and the Grand Chapter will continue to support the chapter by working with the executive board to secure a lease on a new property on or near Fraternity Village. In the true spirit of fraternity, PSKP wants to be a trusted advisor in the chapter’s quest to realize growth and success.

The PSKP board of directors understands that 446 Stanwood holds many fond memories for the Chi Tetarton alumni, but the chapter has spoken with a loud and unified voice, leaving little choice but to look for alternative scenarios with the property. PSKP thanks you for your support and any support you can provide the chapter during this challenging but hope-filled transition. Should you have any questions or concerns, please feel free to contact either one of us.

Most Fraternally,
Evan Prostovich                     Michael Carey
Director of Operations      Executive Director
PSK Properties                        Phi Sigma Kappa Fraternity
evan@pskproperties.org   michael@phisigmakappa.org
317-495-1746                         317-573-5420