Kappa Sigma - Capital Improvement http://www.untksig.com/capitalimprovement.cfm Fri, 23, Mar, 2012 00:00:00 CST Fri, 23, Mar, 2012 00:00:00 CST en-us Copyright 2018, UNT Kappa Sigma, All rights reserved. Capital Improvement http://www.untksig.com/capitalimprovement.cfm http://www.untksig.com/capitalimprovement.cfm Fri, 23, Mar, 2012 00:00:00 CST <h2 style="text-align: center;"><strong>2011 -2012 Capital Improvement Project:</strong></h2> <h2 style="text-align: center;"><strong>Bed / Bath Renovation</strong></h2> <p> <script type="text/javascript"></script> This homecoming, the Denton Kappa Sigma Education Foundation announced the &ldquo;Bed/Bath Renovation&rdquo; capital improvement project for 2011&ndash;2012. We are partnering with various alumni-owned companies including <a href="http://www.untksig.com/sponsors.cfm"><span style="text-decoration: underline;">Murphy Custom Homes</span></a> and <a href="http://www.untksig.com/sponsors.cfm"><span style="text-decoration: underline;">Joplin Compressor Services</span></a> to standardize furniture, appliances and electronics in the living quarters.</p> <table border="0" style="width: 100%;"> <tbody> <tr> <td colspan="2"> <p><strong>The project is centered on three key objectives:</strong></p> </td> <td colspan="2"></td> </tr> <tr> <td colspan="2" style="width: 50%;"><ol> <li> <p>Increasing annual rent revenue (20,000 to $50,000)</p> </li> <li> <p>Making the Kappa Sig house a competitive place to live</p> </li> <li> <p>Reducing maintenance costs through standardization</p> </li> </ol></td> <td colspan="2"><center><form action="https://www.paypal.com/cgi-bin/webscr" method="post"><input name="cmd" type="hidden" value="_s-xclick" /> <input name="hosted_button_id" type="hidden" value="MRRZPHRYUGWNE" /> <input name="submit" type="image" src="https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif" alt="PayPal - The safer, easier way to pay online!" border="0" /> <img height="1" width="1" src="https://www.paypalobjects.com/en_US/i/scr/pixel.gif" border="0" /> </form></center></td> </tr> <tr> <td align="center" colspan="2" valign="middle"> <h3><strong>Current Situation (Problem)</strong></h3> </td> <td align="center" colspan="2" valign="middle"> <h3 style="text-align: center;"><strong>Future Situation (Solution)</strong></h3> </td> </tr> <tr> <td align="left" colspan="2" valign="top"> <ul> <li>12 Beds / 6 Bathrooms</li> <li>Various states of disrepair. Approaching untenable</li> <li>Designed double occupancy / All but 1 room single occupied</li> <li>Financial Impact: <i>Conservatively</i> ($20,000) lost annual rent revenue</li> <li>Situational Challenges: original fixtures, deteriorating infrastructure, unscheduled maintenance, leasing untenable space, high disposal fees</li> </ul> </td> <td align="left" colspan="2" valign="top"> <ul> <li>24 Beds / 6 Bathrooms</li> <li>Remodeled, standardized furniture, Appliances &amp; Electronics</li> <li>Mandate / incent double occupancy</li> <li>Payoff: Predictable living situation, easy-move-in for undergrads, competitive Living space, predictable maintenance schedule &amp; costs</li> <li style="text-align: left;"><strong>Cost per 1 Room and &frac12; Bath: $4500</strong></li> </ul> </td> </tr> <tr> <td align="center" valign="middle"><span style="font-size: 16px;"><strong>Before</strong></span></td> <td align="center" valign="middle" style="text-align: center;"><span style="font-size: 16px;"><strong>After</strong></span></td> <td align="center" valign="middle" style="text-align: center;"><span style="font-size: 16px;"><strong>Before</strong></span></td> <td align="center" valign="middle"><span style="font-size: 16px;"><strong>After</strong></span></td> </tr> <tr> <td align="center" valign="middle"><a rel="shadowbox;width=800;height=600" href="http://www.untksig.com/resources/CapitalImprovement/IMG_0891.jpg"><img height="85" src="http://www.untksig.com/resources/CapitalImprovement/IMG_0891.jpg" alt="Bedroom Before" title="Bedroom Before" style="Border:0px;" /></a></td> <td align="center" valign="middle"><a rel="shadowbox;width=800;height=600" href="http://www.untksig.com/resources/CapitalImprovement/IMG_2709.jpg"><img height="85" src="http://www.untksig.com/resources/CapitalImprovement/IMG_2709.jpg" alt="Bedroom After" title="Bedroom After" style="border:0px;" /></a></td> <td align="center" valign="middle"><a rel="shadowbox;width=800;height=600" href="http://www.untksig.com/resources/CapitalImprovement/IMG_0888.jpg"> <p style="text-align: center;"><img height="85" src="http://www.untksig.com/resources/CapitalImprovement/IMG_0888.jpg" alt="Floor Before" title="Floor Before" style="border: 0px;" /></p> </a></td> <td align="center" valign="middle"><a rel="shadowbox;width=800;height=600" href="http://www.untksig.com/resources/CapitalImprovement/IMG_2759.jpg"><img height="85" src="http://www.untksig.com/resources/CapitalImprovement/IMG_2759.jpg" alt="Floor After" title="Floor After" style="border:0px;" /></a><a rel="shadowbox;width=800;height=600" href="http://www.untksig.com/resources/CapitalImprovement/IMG_2709.jpg"></a></td> </tr> <tr> <td align="center" valign="middle"><a rel="shadowbox;width=800;height=600" href="http://www.untksig.com/resources/CapitalImprovement/IMG_0888.jpg"></a></td> <td align="center" valign="middle"></td> <td align="center" valign="middle"></td> <td align="center" valign="middle"><a rel="shadowbox;width=800;height=600" href="http://www.untksig.com/resources/CapitalImprovement/IMG_2759.jpg"></a></td> </tr> <tr> <td align="center" valign="middle"><a rel="shadowbox;width=500;height=700" href="http://www.untksig.com/resources/CapitalImprovement/IMG_0901.jpg"><img height="85" src="http://www.untksig.com/resources/CapitalImprovement/IMG_0901.jpg" alt="Shower Before" title="Shower Before" style="Border:0px;" /></a></td> <td align="center" valign="middle"><a rel="shadowbox;width=500;height=700" href="http://www.untksig.com/resources/CapitalImprovement/IMG_2748.jpg"> <p style="text-align: center;"><img height="85" src="http://www.untksig.com/resources/CapitalImprovement/IMG_2748.jpg" alt="Shower After" title="Shower After" style="border: 0px;" /></p> </a></td> <td align="center" valign="middle"> <p style="text-align: center;"><a rel="shadowbox;width=500;height=700" href="http://www.untksig.com/resources/CapitalImprovement/IMG_0900.jpg"><img height="85" src="http://www.untksig.com/resources/CapitalImprovement/IMG_0900.jpg" alt="Toilet Before" title="Toilet Before" style="border: 0px;" /></a></p> </td> <td align="center" valign="middle"> <p style="text-align: center;"><a rel="shadowbox;width=500;height=700" href="http://www.untksig.com/resources/CapitalImprovement/IMG_2746.jpg"><img height="85" src="http://www.untksig.com/resources/CapitalImprovement/IMG_2746.jpg" alt="Toilet After" title="Toilet After" style="border: 0px;" /></a></p> </td> </tr> <tr> <td align="center" colspan="4" valign="middle"> <p style="text-align: center;"><strong><span style="text-decoration: underline;"><span style="color: #333333;"><a href="http://www.untksig.com/gallery.cfm?galleryID=259">Click Here To View All Pictures Of The</a>"Model Room"</span></span></strong></p> </td> </tr> </tbody> </table> <h3 style="font-size: 18px; color: #9b3a3b; font-weight: lighter; margin-top: 2px; margin-bottom: 2px;"><strong>Financial &amp; Competitve Landscape Is Rapidly Changing</strong></h3> <div></div> <div></div> <p>Today, our 24-man house is about half-full. Increasing headcount by just 6 new tenants would bring in more than $20,000 in additional rent revenue. This added revenue can be used to pay down the $70,000 house note as well as the $86,000 in loans that have been made by individual alumni. Over the last few years, a number of alumni organizations have stepped up and built new chapter houses. Theta Chi recently celebrated the opening of a 30-man house right next door to us. Sig Ep has built a massive house within the last 4 years. The competitive landscape has changed and chapters are using these tools to their marketing advantage. With the house now 10+ years old many of the rooms and bathrooms are in significant disrepair with a few approaching an untenable status. Ignored, the financial implications will continue to mushroom and the asset will only become more difficult to recover. Standardization will reduce maintenance costs and the adverse affects of &ldquo;move-in-tear-up&rdquo; and &ldquo;move-out-leave-junk-behind&rdquo; the house has endured.</p> <h3><span style="color: #9b3a3b; font-weight: 300;"><strong>Not "Just Throwing Money At The Problem"</strong></span></h3> <div></div> <p>It is worth noting that the housing Corporation has made significant strides over the last 2 years to improve the situation. The HC successfully increased annual rent revenue from $24,000 in 2009 to more than $45,000 in 2010. In addition, a number of policies have been enacted to improve compliance and capture security deposits. The major point here is that we are not simply trying to throw money at a problem. We are improving the process for how the house is managed and maintained and establishing firm, but reasonable, expectations for accountability with the undergraduates.</p> <table border="0" style="width: 100%;"> <tbody> <tr> <td> <h3 sizset="0" sizcache="6"><span sizset="0" sizcache="6" style="color: #9b3a3b;"><strong>Get Involved Today</strong></span></h3> </td> <td><form action="https://www.paypal.com/cgi-bin/webscr" method="post" style="text-align: center;"> <input name="submit" type="image" src="https://www.paypalobjects.com/en_US/i/btn/btn_donateCC_LG.gif" alt="PayPal - The safer, easier way to pay online!" border="0" /> <img height="1" width="1" src="https://www.paypalobjects.com/en_US/i/scr/pixel.gif" border="0" /> </form></td> </tr> </tbody> </table> <div></div> <p>Now is a great time to get involved in the dues program. If you&rsquo;re already involved and would like to do more, it&rsquo;s a great opportunity to get with pledge brothers or close buddies where everyone could kick-in a couple hundred bucks to get one or two of these rooms renovated. If you have not made the decision to get involved yet, let this be that tipping point. Please support this campaign and <a href="http://www.untksig.com/members/dues.cfm"><span style="text-decoration: underline;">get involved today</span></a>. If you have questions, please call 469-644-4580 or email <a href="mailto:dave@gmanfamily.com"><span style="text-decoration: underline;">dave@gmanfamily.com</span></a><span style="text-decoration: underline;">.</span></p> <p><span style="text-decoration: underline;"></span></p>