Tag Archives: National

Chapter Update

Excerpts from a “Chapter Update” in the Chi Tetarton Newsletter December 2013.

For the past several years we had slowly chipped away at the houses [sic.] overall debt and this past semester we have nearly erased it entirely.

and

Also in big news for the fraternity, we have secured a house on Fraternity Village Drive for next year. It has been the Delta Sigma Phi fraternity house for the past several years. The house is large enough to accommodate 18 brothers and has a big social room and backyard.

Chapter Update

The biggest battle we have faced for the past couple years is being won. We were in debt to the national fraternity, but due to the hard work of active brothers, we have lowered our debt tremendously just over the summer. IHQ is pleased with our work and is appreciative of all the efforts we have put forth this year!

Chi Tetarton Newsletter Fall 2013

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