ALPHA THETA CHAPTER OF
                    SIGMA CHI FRATERNITY, INC.

Alpha Theta Chapter                                      M.I.T.
 founded 1882                                         founded 1861
                        November 13, 2002
                                
Minutes of the meeting of the Corporate Board, held October 7,
2002.

In the absence of the Clerk, Mike DeLaus graciously agreed to
take on the role of acting Clerk and collect these minutes.

The meeting was called to order at 7:15 PM in the Chapter House
Library.

Present:   Ben Wang (Spring Board Rep., Quaestor), Raudel
      Rodriguez (Consul, Board), Mark Curtiss (Board), P. K.
      Hadley (Board), Herb Mower (Board), Jay Krone (Board),
      Mike DeLaus (Board), Adam d'Amico (Chapter Advisor), Tae
      Kim (Work Week Mgr), Michael Kahan (Fall Board Rep.), Karl
      Buttner (Board), Tom Faust (Board), Danny Craig (G.Z.,
      Board), Rory Foster (Magister), Doug Bailey, Joshua Soong
      (Rush Chair).
Absent:    Brady Young (House Manager, Board), Neelash Kantak
      (Fall Board Rep.), Dennis Van der Staay (Spring Board
      Rep.), Josh Littlefield (Board).

Minutes of the June 4, 2002 meeting were accepted as distributed.

CHAPTER REPORTS

Consul Report - Raudel Rodriguez
1. In September, the Leadership Consultant from national made
   his annual visit. During the visit, he hosted a risk management
   seminar that was attended by BU Sigs.

Rush Chair Report -- Joshua Soong
1. Rush was successful with 10 pledges, against a goal of 12.
   Overall the numbers at most of the houses were down (254 bids
   accepted versus ~350 last year) At least one house got zero.
2. The chapter is considering a spring rush. Although they have
   not been that successful in the past, this year may be different
   given the fall rush numbers.
3. One sophomore pledged and will move into the house. There
   are 22 brothers and 1 pledge living in the house.

Magister Report -- Rory Foster
1. A retention committee was formed to look at ways of insuring
   the pledges remain.
2. The big brothers program is being re-vamped. Big brothers
   will be doing more with the pledges.
3. I-week will be earlier next year, probably the last week of
   IAP.
4. Pledges will be charged a $50 fee this term and a $200 fee
   for the spring term. Their meals will be free.

Quaestor Report -- Ben Wang
1. The Chapter will be submitting the required form to MIT to
   receive reimbursement for the empty beds due to the freshmen
   living in the dorms.
2. Summer House had a larger surplus then usual due to the
   higher number of women staying at the house ($9k vs. $7k).
3. Taxes have been paid.
4. The Chapter will give Tom Faust a rent check once the Work
   Week charges are accepted.
5. There is a plan to put together a budget model for the
   future, based on the expected number of brothers in the house.

CORPORATE REPORTS

Treasurer -- Tom Faust
1. The Corporation has ~$20k in the bank and is current on all
   bills.
2. We have closed on the $100k line of credit from the IRDF. No
   withdrawals have been made.

President -- Mark Curtiss
1. Mark and Herb attended the recent AILG breakfast meeting.
   Attendance was high. There was discussion at the meeting about an
   accreditation process for the ILGs.

Annual Fund -- Herb Mower
1. Herb distributed the alumni giving records for the last ten
   years.
2. Doug suggested a more detailed analysis to help with capital
   fundraising for the renovation. Adam volunteered to look into
   available software to help with this task.
3. This year’s letter will go out with the next Beaver Sig in
   about a month.

Building Needs Committee -- Mike Delaus
1. Mark had a conversation with Steve Immerman (MIT strategic
   planning office) concerning the possibility of moving to
   Cambridge. Steve indicated that due to the current economic
   climate, MIT was reviewing their spending and looking at their
   land use. He was downbeat on the availability of land in
   Cambridge and said that this was not a realistic option at this
   time.
2. Mike is working with the architects on developing a project
   schedule that targets construction for the summer of 2004. A
   draft should be ready by the next meeting in November.

Capital Campaign -- Doug Bailey
1. Doug is talking to various people at MIT, including the
   treasurer, with regards to funding options for the project.
2. The capital campaign is still in the early planning stages.

OLD BUSINESS

Work Week Budget -- Tae Kim
1. The total expenses for work week were $5,302.46 against a
   budget of $5,500.
2. Tae agreed to provide a detailed list of expenses so that
   final approval of the expenses can be given and the
   reimbursements due the house from the corporation can be made.

The meeting adjourned at 9:05 PM.

Respectfully submitted,
Joshua B. Littlefield
Corporate Clerk