EDGEMOOR GRAND OPENING SEPTEMBER 19, 2015
WHY WAS THE RENOVATION NECESSARY? Expand the common areas to meet the educational and social needs of today s students Improve the Dining Room and the self-serve breakfast area Modernize the Kitchen and Bathrooms Add additional study/living rooms to house our growing Brotherhood Add a Live-in Advisor Suite Replace the aging life-safety, electrical, plumbing and heating infrastructure
HOW DID WE DECIDE WHAT TO DO? Interviews and focus groups with Omicron undergraduates Consultations with undergrads and alumni from other recently renovated Cornell fraternities Tours of other recently renovated Cornell fraternities Architectural renderings of potential options
WHAT DID THE RENOVATION ACCOMPLISH? Upgraded life-safety, electrical, heating and plumbing systems Restored first floor common areas New Electronic Learning Center New Reading Room with balcony overlooking the south terrace Relocated and expanded Fitness Center New, larger Dining Room with more ambient light New accessible suite for Live-in Graduate Advisor Upgraded Kitchen to better serve today s dining patterns
WHAT DID THE RENOVATION COST? (I) Infrastructure: Safety, Structure and Energy Efficiency $1,404,900 Upgrade life-safety systems to current standards $ 47,000 Upgrade electrical system to current standards $145,000 Upgrade communication systems $ 11,200 Wireless Internet Conferencing and projection system Upgrade plumbing and mechanical systems $375,300 Upgrade foundation and make structural repairs $668,700 Abate hazardous materials $ 57,700 Expanded City of Ithaca code requirements $100,000
WHAT DID THE RENOVATION COST? (II) Student Needs: Livability $1,152,100 Add new living/study areas $270,500 Rehabilitate existing living/study areas $ 65,300 Add new Electronic Learning Center and Reading Room $345,000 Rehabilitate existing first floor common areas $190,000 Add new Fitness Center $ 85,600 Rehabilitate Dining Room, add accessible Graduate Advisor live-in suite $195,700 Pre-Construction, Gen. Conditions, Bond, Engineering & Testing $243,000
WHAT DID THE RENOVATION COST? (III) Infrastructure: (Safety, Structure and Energy Efficiency) $1,404,900 Student Needs: Livability $1,152,100 Pre-Construction, Gen. Conditions, Bond, Engineering & Testing $ 243,000 Grand Total: $2,800,000
WHY DID THE RENOVATION COST MORE THAN THE PROJECTED $2,400,000? (I) An improved economy that Substantially increased labor costs between the building estimate and construction Increased materials costs between the building estimate and construction Increased City of Ithaca requirements after design and initial document submission
WHY DID THE RENOVATION COST MORE THAN THE PROJECTED $2,400,000? (II) Unforeseen Expenses $752,000 Major asbestos removal in various parts of the House including the Dining Room Deteriorated electrical wiring in many rooms Worn finishes in all the first floor common areas Worn finishes in most second and third floor living areas Grease trap and sanitary line replacement Structural reinforcement of deteriorated support members and new deep foundations Repairs of existing roof and gabled structure shingles
WHY DID THE RENOVATION COST MORE THAN THE PROJECTED $2,400,000? (III) Unforeseen expenses $ 752,000 Construction cost savings $ (352,000) Net construction overage $ 400,000
HOW WAS THE RENOVATION FUNDED? Lambda Chi Alpha Funding $2,100,000 Alumni Pledges $2,000,000 Undergraduate Reserves $ 100,000 Financing $2,450,000 Brother Bond Program $ 450,000 Short-term Loan $ 400,000 Mortgage $ 1,600,000
WHO ARE THE PEOPLE WHO MADE THE RENOVATION POSSIBLE? Capital Campaign Committee Co-Chairs: Sandy Gilbert 62, Doug Levens 92 and Ralph Wilhelm 67; and Steve Ashley 62, Honorary Chair Edgemoor Leadership Foundation President: Elliot Sloane 74 Fundraising Consultant: Greg McElroy Designers: Philip Prigmore 69 and Bert Fortner Finance Director: Chris CT Turner 94 Building Committee: Jon Emanuele 03 (Chair), Ralph Wilhelm 67, Mike Filiatrault 95, Philip Prigmore 69 and Joe Willis 72
WHO ARE THE PEOPLE WHO MADE THE RENOVATION POSSIBLE? Landscaping courtesy of Jim Sollecito 76 with stock assistance by Wayne Mezitt 64 Commemorative signs and plaques courtesy of Paul Williamson 66 Kitchen & Refectory Consultant: Warren Lem 69 Interior Design & Moving Director: Alex Baba Aidun 08 On-Site Manager and Owner s Rep: Philip Prigmore 69 Alumni Presidents: Mike Trout Filiatrault 95 and Mark Fernau 82 High Alphas: Dan DeFlumeri 15 and Bryan Harriott 17 Historian and Curator: Jason Cho 98
WHO ARE THE PEOPLE WHO MADE THE RENOVATION POSSIBLE? Architecture: JHL Tecture Internet Consultant: John Barney 95 Real Estate Attorney: Randy Marcus 82 Our very knowledgeable and capable builder, Welliver, represented by Steve and Scott Welliver, John Fritz, Project Manager, and John Rantanen III, Project Superintendent Our financial partners at M&T Bank, Kara Taylor, Bob Case and Tom Savoldy And lastly, Jennifer Lawrence Birnbaum, who helped with the planning of this Grand Opening event, and Sandy Gilbert 62, who wrote this presentation.
WHAT IS NEEDED TO COMPLETE THE RENOVATION? Address construction overage from Phase I Open and equip new bathrooms on the second and third floors Improve room finishings and address new financing fees
PHASE II FUNDING GOAL Funding goal $ 550,000 Funding already collected from extended pledges $ (200,000) Phase II Funding Goal $ 350,000
HOW CAN YOU HELP? Join the many Brothers who have already: Moved up their pledge scheduled payout to improve our cash flow Extended their pledge for at least another two years At $2.65 Million, this campaign is now the largest fraternity funding effort in Cornell history. With only $350,000 left to raise, pledges to date have already reached 87% of the new funding goal.
HELP US COMPLETE THIS HISTORIC PROJECT Be a part of the Phase II campaign that will take place over the next few months. Contact Sandy Gilbert 62 Sandem133@aol.com 941-807-8305 Greg McElroy McElroy174@aol.com 914-582-6466 Thank you for your attention and congratulations on the outstanding progress we have made so far.