A HOME TO SET ATĪ© APART
C
onsiderable analysis of costs, benefits, and
outcomes went into planning a renovation of our
beloved home. We can create a house that stands
above all others for the next 50 years.
Academic, learning, and leadership space will be
expanded.
Comfort and convenience standards and appearance
will be elevated, making living in this house a
preferred option, reflecting the higher expectations
we have for standards of conduct and care.
The budgeting process for the chapter has been
robust and normally produces a slight annual surplus.
A pro forma analysis was created to ensure stable
operations. Through this process, we allotted a 30%
increase in funds for ongoing care and maintenance
of the facilities.
PAGE 4
PROJECT COSTS
Phase 1
Bathrooms (completed 2017) $210,000
Roof (completed 2019) $60,000
Facili es assessment and preliminary engineering design $25,000
Kitchen renova ons $30,000
Windows $5,000
Miscellaneous repairs $10,000
Phase 2
HVAC $525,000
Plumbing and fire suppression $100,000
Electrical upgrades $550,000
New entry and study addi ons $550,000
Kitchen $50,000
ADA compliance $100,000
Windows $70,000
Flooring, ceilings, and pain ng $215,000
Furniture $105,000
Landscaping $70,000
Con ngencies $110,000
Construc on management $125,000
Engineering and design $160,000
Fees, interest, and professional services $430,000
Maintenance endowment $370,000
TOTAL $3,870,000
Project renderings and cost es mates are for discussion purposes only.
Project costs exceeding campaign dona ons will be serviced through a
long-term mortgage.
