But short of something ridiculous like that, it is impossible to make a deal that will ensure future members play nicely with the rest of the community. There are some compromises that everyone might accept. Frats could automatically go dry for six months if the police have to break up a party. They could agree to have last call at 1am and shutdown at 2am like SLC businesses. Individual members could put down a large deposit that would only be refunded if they were not involved in any incidents.
People tend to get over it.
I have to wonder how much of the obnoxiousness would go away if the neighbors would try to get along with the students. Of course this can't just be one sided, the students have to make an effort to get along too and stop being such drunk asses all the time. I am not now, nor do I ever plan to participate with any of the greeks. They are loud, obnoxious, and drunk at every opportunity. The community needs to send these animals a message.