EPSILON BETA OF ALPHA TAU OMEGA
BUILDING COMPANY

Minutes of a Special Meeting of the Board
January 7, 2003

Attending:

Bob Richardson, President and Secretary
Dwight Eller, Treasurer
Bill Malcomb, Member
Tom Sanders, Member
Bert Ratia, Member
Bob Ruikka, Member
Anthony Marrs, Member

President Richardson called the meeting to order at 5:37 p.m., noting a quorum of the Board was present. The meeting was held at the offices of Merrill Lynch at 5210 East Williams Circle in Tucson, Arizona.

Treasurer Eller notified the Board that there is currently $9,020 in the Board Operating Account, $632 in the Alumni account and $241,302 in the investment account. The Board received a check from the title company handling the sale of the 1050 North Cherry property for $3,457 to replace a check issued in 2001 that was never cashed.

Member Tim Abeyta joined the meeting.

Member Malcomb made the following motion:

That the Board keeps the $3,457 in the operating account.

The motion was seconded by Member Sanders and passed unanimously.

Member Malcomb discussed the Board's investment account saying that he and Brother Lee Olsen of Salomon Smith Barney had purchased some new equities and the portfolio was once again gaining value.

The Board discussed various dates in 2003 for Board meetings and social gatherings.

Member Marrs made the following motion:

That the Board hold its next meeting on Thursday, April 10, 2003, and it be held in conjunction with a social event for Tucson area brothers and their wives and girlfriends.

The motion was seconded by Member Abeyta and passed unanimously.

There was addition discussion about social events in 2003 in Phoenix and Southern California. President Richardson indicated he would contact Member Booth and other Brothers in the Phoenix area to get their input on an event there. Member Malcomb indicated he would work with Brothers in the Southern California area and report back to the Board on the gathering there.

There was discussion about holding the Board meeting in September on the afternoon of a home football game. The discussion was tabled since no one had a schedule with him.

President Richardson briefed the Board on planned activities by the group organizing a reunion at the 2003 Homecoming for EB initiates from the 1950's. Member Abeyta talked about his vision for the 2003 Homecoming with a larger tent and the possibility of hiring a band.

After further discussion, Member Sanders moved:

That the Board authorize the expenditure of $850 of alumni association funds to book the band "The Hot Shots" to play at the Tent on the Mall at 2003 Homecoming.

The motion was seconded by Treasurer Eller and passed unanimously.

There was further discussion and the Board reached consensus to organize the 2003 Homecoming to be able to identify our members and guests and to charge a fee for music, food and drink in the vicinity of $10 per person.

The Board moved to election of Board officers for 2003.

Treasurer Eller was nominated by President Richardson and seconded by Member Malcomb to serve as Treasurer. There were no other nominations and Treasurer Eller was re-elected.

President/Secretary Richardson was nominated by Member Abeyta and seconded by Member Marrs to serve as Secretary. There were no other nominations and President/Secretary Richardson was re-elected Secretary.

Member Ratia was nominated by Member Abeyta and seconded by Member Malcomb to serve as Vice President. There were no other nominations and Member Ratia was elected Vice President.

Member Bill McMahon was nominated by President/Secretary Richardson and seconded by Member Malcomb to serve as President. There were no other nominations and Member McMahon was elected President.

Under Old Business, Member Malcomb briefed the board on the progress of a memorial for EB Alum Ed Stuckenhoff. Member Malcomb indicated he would work to purchase a memorial brick in front of McKale Center as authorized by the Membership.

Under New Business, Member Sanders offered a conference room at the University of Arizona Foundation Building for future Board meetings.

With regret, the Board accepted the resignation of Vice President David Tick from the Board.

The Board proceeded to Good of the Order.

The meeting was adjourned at 6:32 p.m.