College Club of Seattle

President's Message from Randy O. Petgrave III

November/December 2007

The vote is in and the membership has spoken. The College Club of Seattle will see its 100^th birthday! By a margin of 64% to 36%, you voted against further merger negotiations with the Rainier Club. I have communicated this to the head of their task force and thanked them for their time, interest and effort in partnering with us.

The Board of Trustees will now focus its efforts and energy on transitioning to an interim location and pursuing efforts to find a permanent Club facility. We will continue discussions with Lexas Companies regarding their condominium development in the South Lake Union area. We will also continue to explore our property options for a 1031 investment.

The College Club of Seattle has an exciting future ahead of it. I would like to personally thank each and every member of the Board of Trustees for the time, effort and dedication put into securing our future. I also want to thank all of you who attended the special meeting, and all of you who voted (regardless of how you cast your ballot). The key to our survival is the continued interest and participation of our members.

On a different note, I would like to give my warmest congratulations to Bill and Jamie Hsu on the birth of their son. Tildon is a happy, strapping 7 pounds, 11 ounces. We wish the family all the best.

As always, I look forward to seeing and speaking with all of you at the Club. Happy Thanksgiving.

Randy Petgrave

President