Gamma Zeta was RIGHT- the betrayal of MSU's Lambda Chi Alpha

[GammaZeta]

Ok, need some LXA rules here.

How do we get a public forum at GA?

How do we introduce legislation?

Can anyone point me in the direction of the rule book?

[HONKY660]

Originally Posted by GammaZeta

Ok, need some LXA rules here.

How do we get a public forum at GA?

How do we introduce legislation?

Can anyone point me in the direction of the rule book?

I believe you can find some of this info in the constitution. But I believe all legislation must be introduced before GA.

[lenoxxx]

I knew I'd find this hornest's nest on the Old Lambda Chi Wayback Archive. Former LCAP officers & directors should be held personally responsible for all of this.


http://web.archive.org/web/200611011...DMEETING_ID=52

LCAP Report Joe Klimek presented the LCAP Report. The report indicated that LCAP continues to contribute to the Fraternity through increased membership at LCAP chapters. LCAP chapters grew by 22% in FY2004 and 22% in FY2005. The growth is directly tied to LCAP's key performance indicator of occupancy rate. A total occupancy rate of 85% across all LCAP properties is needed to break even and LCAP expects to hit that goal in FY2006. Some locations that continue to under perform are now being considered for liquidation with Ohio State recently being sold and Montana State being placed on the market this summer. Dr. Minasian contested the ability of LCAP to achieve its performance objective. Joe Klimek indicated that leases were secured for all but one property for the fall. The sole remaining property was in summer recruitment and receiving LCAP and Fraternity staff support to improve recruitment and increase occupancy. Emotions of key alumni have prevented LCAP from making effective business and real estate decisions to date. That interference has contributed to LCAP's difficulties. Ted suggested that if the GHZ, EVP or Joe get into a position where they need to take action on any particular property, then the GHZ will step in to see that the transaction takes place. Bob Alexander summarized that there is a property on our books and due to the individual alumni volunteers of that chapter there are issues connected to the transaction. We have not chosen at this point to handle it as a business issue. As a result the Fraternity and LCAP continue to lose money on that property. The LCAP debt to the Fraternity remained at approximately $425,000 in fiscal 2005. This debt was the result of Fraternity charges to LCAP for staff, overhead, and some additional working capital required over the first 5 years of operation. The debt is not defined by a formal note and has no set repayment terms. Judge Terry Means suggested that the debt be formalized with a demand note to demonstrate that the board is meeting its fiduciary responsibility. The Educational Foundation has formalized its debt agreement with LCAP when it provided an additional $250,000 of working capital to LCAP during the current fiscal year. The note is an open line of credit with a term of 3 years. There is a consensus of the board, that at the next meeting, we invite Joe, Larry, or the EVP to provide updates and especially help us frame the issue regarding the Michigan chapter house.

[lenoxxx]

Pulled from another anonymous online source from an old LCAP document- this ties into the prior document. Notice how "Key Alumni" forced this issue. Sigma1844, I'm bringing this up not to thrash the Michigan Chapter, but to highlight the truth behind the lies of LCAP, and the fate of the MSU chapter.

=========================================

Michigan FY’05 Action Plan
Fall 2004 Progress Report:
With the closing of the Sigma Chi chapter, the Sigma Phi Epsilon group balked at our
lease extension offer which left the house with no tenants for fall 2004 and reluctantly the
local Lambda Chi Alpha chapter was allowed occupancy amongst pressure from key
alumni. Staff conducted an extensive 4 day recruitment visit last spring semester teaching
and training the chapter on up to date recruitment efforts and helping them conduct
numerous recruitment efforts; resulting in 3 new members. The fall brought 12 tenants
and a small remodel to the interior of the house. Staff facilitated another huge recruitment
effort this fall which yielded little to no gain in membership. The chapter itself recruited 5
new members and two weeks of staff assisted recruitment brought in only one more new
member for a fall total of 6. The group needs substantial help in learning how to recruit
and retain members as well as how to strengthen overall chapter operations. The Greek
system has recently been plagued with hazing incidents and alcohol violations that have
left the student body and the administration questioning the Greek systems future. Staff
plans on conducting another recruitment and chapter operational visit this fall and spring
to help insure accountability and follow-up with recruitment efforts. Expectations are that
the chapter fills at least 20 of 30 spots in the house next year.
Michigan Occupancy & Roster activity F’03 – S’05
Michigan 11/5/2004
Roster Activity F'03 Active F'03 AM's
S'04
Actives S'04 AM's YE Totals
12 0 12 3 15
F'04YTD
Actives
F'04 YTD
AM's
S'05
Actives S'05 AM's YE Totals
11 6 17
% Change % Change % Change % Change Net Gain/Loss
-8.33% 600.00% 2
Occupancy:30 F'03 Forecast
F'04
Forecast
F'05
Forecast
F'03 %
Functional
F'04 Functional
%
15 0.00% 50.00%
F'03 Actual F'04 Actual F'05 Actual
F'03 %
Functional
F'04 Functional
%
12 0.00% 40.00%
% Change % Change % Change % Change % Change
-20.00% 0.00% -10.00%