6
University Daily Kansan
Campus/Area
Wednesday, Feb. 19, 1986
Frat house may be hard to sell
By Peggy Kramer
Staff writer
The Evans Scholars' fraternity house, 1942 Stewart Ave., was placed on the real estate market two weeks ago, but it may be hard to sell, an attorney said yesterday.
"It's not so much placing the house on the market as trying to find a market for the house," said Milton Allen Sr., the attorney. "Purchasing it would be a large undertaking."
Allen's law firm, Allen, Cooley and Allen, First National Bank Towers, is handling the sale of the house. The Lawrence firm represents the Western Golf Association, of Golf, Ill., which owns the house. The National Evans Scholars Foundation also is based in Golf.
Joe Saliba, former president of the KU chapter, said the decision was made last month to close the chapter and sell the house.
Allen said there had been inquiries about the house and it might be sold before the end of the semester.
He would not release the selling price of the house. He said the price would be negotiated with potential buyers.
Philip Harrison, a real estate agent for The Gill Real Estate Agency, 901 Tennessee St., said the firm had appraised the house. He said he could not release the appraisal.
Jim Moore, assistant director of the Evans Scholars Foundation, is organizing the sale of the house for Western Golf. He was unavailable for comment yesterday.
Saliba said the closing of the chapter was a result of low membership.
"The low number of qualified applicants has threatened to close this chapter for the last couple of years," he said. "It only now has become a reality."
Jerry Rogers, Evans' faculty adviser, said, "There was strong funding at KU for Evans, but we ran out of qualified candidates."
This year there were three new freshman, and it looked as if the number of candidates would continue to be low, Rogers said.
Candidates must show financial need, rank
in the top 25 percent of their high school graduating class and have been a golf caddies for at least two years in a member club of the Western Golf Association, Rogers said.
There are 14 Evans Scholars chapters in the United States, including three in Illinois.
"There are hundreds of caddie candidates in the Chicago area and those who come to KU have to pay out-of-state tuition," Rogers said.
The house can accommodate about 50 students, he said, and he hoped a KU organization would purchase the house. However, Western Golf probably won't give up possession until after graduation this semester.
Saliba said four members of the KU chapter planned to transfer to the University of Illinois chapter and one intended to go to the University of Colorado chapter.
"The rest of the men would like to remain at KU, and I don't know of any that are transferring to the University of Missouri chapter," he said.
Commission axes request to issue bonds to buy,renovate Park 25
By Juli Warren
Staff writer
In a 4-1 vote, city commissioners turned down a proposal last night to issue $4.4 million in industrial revenue bonds to purchase and renovate Park 25 Apartments, 2401 W. 25th St.
Two Wichita men, Donald J. Walenta
K. Peden, made the proposal.
About $800,000 would have been used to restore the apartments. Peden said at the meeting. Seven of the apartments are now unrentable, according to Peden.
Commissioners and apartment owners expressed concern that issuing the bonds would condone letting property run down and then making a profit on its sale.
Commissioner Howard Hill said, "I'd sure hate to think we're subsidizing the seller who hasn't kept them up."
Commissioner Erinner Angino, who cast the vote in favor of issuing the bonds, said
that the issuing of the bonds would be a useful financial tool and that rehabilitation would improve the Lawrence housing stock.
Andy Galyard, a Lawrence real estate broker, said, "It looks like in some respects we're rewarding the owner's mismanagement."
In accordance with federal law, 20 percent, or 51, of the 254 units would be reserved for low- to moderate-income residents if the IRBs were granted.
Peden said the partners made the proposal because they had not been able to find conventional financing for the purchase.
In other action, the commission approved the request of Vangard Corporation, a Lawrence company, to use Blufs Drive during the construction period of the Sallie Mae building at the northeast corner of Sixth and Iowa streets.
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