Minutes of a Special Meeting of the Board
April 2, 2005

Attending:

Scott Warren, Vice President
Bob Richardson, Secretary
Dwight Eller, Treasurer
Bill Malcomb, Member
Bill McMahon, Member
Bob Ruikka, Member
Tom Sanders, Member

Vice President Warren, noting the presence of a quorum but the absence of President Ratia, called the meeting to order at 10:05 a.m. The meeting was held in the conference room of KMSB/KTTU at 1855 North Sixth Avenue, Tucson, Arizona.

On a motion by Treasurer Eller and a second by Member Sanders, the minutes of the Board meeting of November 20, 2004 were amended to show an updated Treasurer's report regarding homecoming finances. The minutes will reflect that expenses for Homecoming 2004 were $1,540 and income was $1,570. The motion passed unanimously.

On a motion by Member McMahon and a second by Member Ruikka, the minutes of the Regular Meeting of the Board on November 20, 2004, were approved as amended.

Treasurer Eller reported that there is $1,841.80 in the Operating account and $815.51 in the Alumni account. On a motion by Secretary Richardson and a second by Member Malcomb, the treasurer's report was accepted.

Member Malcomb reported that he had not yet seen the investment report as of the end of March, but thought we stood at approximately $317,000.

Vice President Warren updated the Board on the discussion from the November meeting regarding philanthropic activities. It was noted that 2005 marks the 75th anniversary of the chartering of Epsilon Beta and it would be appropriate to mark that with some community effort. On a motion by Member McMahon and a second by Member Sanders, the Board voted to donate $1,000 to the Tucson Downs Syndrome Buddy Walk in October with the money being transferred from the investment account to the operating account. The motion passed unanimously.

Vice President Warren indicated that he planned to attend an April 12th meeting at the UA Alumni Association regarding plans for Homecoming 2005. There was discussion about activities for that weekend. Vice President Warren indicated he would keep the Board up to date via e-mail.

Secretary Richardson reported to the Board that the UA Greek System continues to falter with no growth and continuing risk management issues. Member Sanders reported to the Board that a UA official told him recently that major risk management violations were being investigated against one of the largest and oldest Greek organizations on campus. There was a consensus of the Board that it continues not to be a good time to re-colonize on the UA campus.

The Board tentatively scheduled the Fall Board meeting for Saturday, October 8, 2005.

Under Old Business, Secretary Richardson reported he had discussed with an ATW alumni the possibility of purchasing some land he owns near the campus, but nothing definitive was decided.

Under Old Business, there was a discussion a report from the committee formed to investigate whether we should be starting a fundraising effort. Treasurer Eller, reporting for the committee, indicated that the feeling currently was that we have nothing to specifically request funds for and we should hold off on any such effort.

There was a discussion about holding some sort of a social gathering in Tucson in 2005. Vice President Warren indicated he would coordinate and advise.

There was no New Business.

Following Good of the Order, the Board Meeting adjourned at 11:28 a.m.

These minutes were approved at a special meeting of the EB Board on October 8, 2005.

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Signed:

Bob Richardson
Secretary