Wayne State University project complete!
Thanks to all who made this monumental project possible - students, alumnu, donors, friends, and Midtown Inc. for their matching grant.
Total Project Costs exceeded $115,000 - (not including the unplanned/unbudgeted boiler replacement in November 2016 - thanks to Beecher again for getting heat into the house!)
Fundraising netted $48,409.61 from individual donors ($40,485 to the Educational Foundation and an earlier $7,924.61 in donations from the GoFundMe effort)
Midtown Inc. matched/donated $50,000
OB House Corporation donated $1,000
EB Alumni Association donated $7,000
All invoices were paid promptly (same or next day), Midtown Matching grants were very timely, and a balance of over $6,000 remains in the segregated EB bank account. The chapter/house corporation has begun the ~$800/month loan payments. So that there is an accessible record of project, we have posted a number of items just below verifying the summaries above. There are also several emails dating from February 2016 through July 2016 posted for reference though these are a small fraction of project-related communications detailing its handling.
In H and T,
Michael Abraham, EB #320
Click links below for more detail
Ally Construction Payments
EB Account Register
EB Account Statements Feb 2016 - Feb 2017
Various Communications Feb 2016 - July 2016 relating to loan
Boiler Replacement handled by the Fraternity
The Boiler replacement was unexpected and not directly related to exterior project. The National Fraternity paid the HVAC contactor's invoice and was eventually repaid by the insurance company. The replacement was an insured loss under Equipment/Mechanical policy excepting for the policy's $3500 deductible. This $3500 deductible was added to the EB loan balance.
Check out the fine exterior renovation of 478 West Alexandrine!