Main Street Properties II LLC records its warranty deed.
446 Stanwood sold for $109,900. Droopy, by president Glenn M. Roby, issues warranty deed to Main Street Properties II, LLC.
Goodbye, Farewell and Amen
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.
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.
March 30, 2010 at 7:25am · Like
CHI TETARTON PHI SIGMA KAPPA HOUSING CORP Surrenders.
CHI TETARTON PHI SIGMA KAPPA HOUSING CORP signs a quitclaim to droopy.
This deed is given to wind up the affairs of the corporate Grantor (no a dissolved corporation).
This is the (in)famous “Housing Corp.” Meeting where:
- PSK Housing Corporation [Droopy] posed as CHI TETARTON PHI SIGMA KAPPA HOUSING CORPORATION
- the impending quitclaim from CHI TETARTON PHI SIGMA KAPPA HOUSING CORPORATION to Droopy was not disclosed.
- the impending mortgage was not disclosed.
- the existence of Droopy was not disclosed.
- the impending winding up of CHI TETARTON PHI SIGMA KAPPA HOUSING CORPORATION was not disclosed.
- The usurpation of CHI TETARTON PHI SIGMA KAPPA HOUSING CORPORATION by Droopy and “Chi Tetarton Alumni Association [aka Droopy]” and was not disclosed.
- members/stakeholders of CHI TETARTON PHI SIGMA KAPPA HOUSING CORPORATION were misled.