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<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Todd –
I agree that “there is owed more on it than it is worth.” So – I have asked
Sean to get Tim to specify the deal and I have asked them if they would be
willing to do an avionics upgrade, a fresh annual and an IFR certification – all
before we take over. I’ve also asked for a specific residual number or buyout
fee once the note is paid off. 976 may not make sense financially when
compared to the option of buying something. But buying something presents a
whole new set of issues. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Tim
is out of town but Sean promises to get back to me. We’ll see. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Bob<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'><o:p> </o:p></span></font></p>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:"Tahoma","sans-serif";font-weight:bold'>From:</span></font></b><font
size=2 face=Tahoma><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
toddmbs@yahoo.com [mailto:toddmbs@yahoo.com] <br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, April 07, 2009 1:11
PM<br>
<b><span style='font-weight:bold'>To:</span></b> williammccann@comcast.net;
'mike lysik'; Bob Irving<br>
<b><span style='font-weight:bold'>Cc:</span></b> eefc-core@workingcode.com<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: Agenda for Wed
evening<o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0>
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<div id=yiv11814067>
<div id=yiv1980941400>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>Gentlmen,<o:p></o:p></span></font></p>
</div>
<div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>I have to say that this may the fastest
combined effort that I've seen on anything in a long time. This is
great, I like what I'm seeing.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
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<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>I would say that having an agenda is definitely
needed at some point. We should probably develop a time line
and goals to expect. Things will be defined the further we get
obviously. At the minimum, what we have right now for certain is 7
pilots hho want an airplane to fly as much as possible at a reasonable
cost. <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>Mike, good spreadsheet. Those numbers are
closer to what I was expecting. Going under my philosophy of
"assumptions x 2" the cost would still be within my expectations.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>Bob, we need to get Tim to give
us what his exact plan is with 976. I'm sure
he wants to make money on it because it's only costing them at this
point, and I'm guessing that there is owed more on than it is worth. It
is the path of least resistence, however, a 15 year mortgage on a $50k plane
that is ready to go will cost less per month than basically leasing 976 at
$650/mo (if that is the option here).<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>I'll bring my financial calculator tommorrow, any
material I can find about setting up by-laws, etc, and a sample flyer that we
can post.<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>Jim, I don't know how you have this network set up.
Am I double sending these e-mails?<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>Todd<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'><br>
--- On <b><span style='font-weight:bold'>Mon, 4/6/09, Bob Irving <i><span
style='font-style:italic'><rhirving@verizon.net></span></i></span></b>
wrote:<o:p></o:p></span></font></p>
</div>
<blockquote style='border:none;border-left:solid #1010FF 1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-bottom:5.0pt'>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'><br>
From: Bob Irving <rhirving@verizon.net><br>
Subject: RE: Agenda for Wed evening<br>
To: williammccann@comcast.net, "'mike lysik'"
<mike.lysik@comcast.net><br>
Cc: eefc-core@workingcode.com<br>
Date: Monday, April 6, 2009, 3:19 PM<o:p></o:p></span></font></p>
<div id=yiv1138060819>
<div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:
"Calibri","sans-serif";color:#1F497D'>I’m in the process of trying to do that
but Tim is out of town until tomorrow. I will catch up with him before the
meeting and get answers.</span></font><o:p></o:p></p>
</div>
</div>
</blockquote>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:
"Calibri","sans-serif";color:#1F497D'> </span></font><o:p></o:p></p>
</div>
</div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:
"Calibri","sans-serif";color:#1F497D'>Bob</span></font> <o:p></o:p></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:
"Calibri","sans-serif";color:#1F497D'> </span></font> <o:p></o:p></p>
<div>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><font
size=2 face=Tahoma><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";
font-weight:bold'>From:</span></font></b><font size=2 face=Tahoma><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b><span
style='font-weight:bold'>On Behalf Of </span></b>williammccann@comcast.net<br>
<b><span style='font-weight:bold'>Sent:</span></b> Monday, April 06, 2009
3:14 PM<br>
<b><span style='font-weight:bold'>To:</span></b> mike lysik<br>
<b><span style='font-weight:bold'>Cc:</span></b> eefc-core@workingcode.com<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: Agenda for Wed
evening</span></font><o:p></o:p></p>
</div>
</div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif"'> </span></font>
<o:p></o:p></p>
<div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'>I'm in
agreement with Mike , we should treat this as a pilot program with six
people. The price that Eagle East is asking , and all of the upgrades</span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'>needed
, will determine ( speaking for myself ) if I would be interested. If you are
looking to add on an Instrument Rating in the future , or just for
situational awareness , 976 needs a new avionics package.Why not
negotiate a firm price with Tim so we no where to start with the numbers
. </span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'> </span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'>Thanks,</span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'>Bill
McCann</span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'> </span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'> </span></font><o:p></o:p></p>
</div>
<p style='margin-bottom:12.0pt'><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'><br>
----- Original Message -----<br>
From: "mike lysik" <mike.lysik@comcast.net><br>
To: "Bob Irving" <rhirving@verizon.net><br>
Cc: eefc-core@workingcode.com<br>
Sent: Monday, April 6, 2009 2:21:51 PM GMT -05:00 US/Canada Eastern<br>
Subject: Re: Agenda for Wed evening</span></font><o:p></o:p></p>
</div>
<div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'>I like
the thought of having an agenda, but some of the items may be
premature. Maybe we keep the hit list short and just
determine if the total cost of doing this is acceptable with the six of
us, and if so, agree on our next steps.</span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'> </span></font><o:p></o:p></p>
</div>
<div>
<p class=MsoNormal><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'>Thanks</span></font><o:p></o:p></p>
</div>
<p style='margin-bottom:12.0pt'><font size=3 color=black face=Arial><span
style='font-size:12.0pt;font-family:"Arial","sans-serif";color:black'>Mike
<br>
----- Original Message -----<br>
From: "Bob Irving" <rhirving@verizon.net><br>
To: eefc-core@workingcode.com<br>
Sent: Monday, April 6, 2009 1:22:25 PM GMT -05:00 US/Canada Eastern<br>
Subject: Agenda for Wed evening</span></font><o:p></o:p></p>
</div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=2 color=black face=Calibri><span style='font-size:11.0pt;font-family:
"Calibri","sans-serif";color:black'>Attached is a proposed agenda. Do we need
to add anything?</span></font> <o:p></o:p></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3 color=black face=Arial><span style='font-size:12.0pt;font-family:"Arial","sans-serif";
color:black'><br>
_______________________________________________ eefc-core mailing list
eefc-core@workingcode.com
https://www.workingcode.com/mailman/listinfo/eefc-core </span></font><o:p></o:p></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;margin-bottom:12.0pt'><font
size=3 color=black face=Arial><span style='font-size:12.0pt;font-family:"Arial","sans-serif";
color:black'><br>
_______________________________________________ eefc-core mailing list
eefc-core@workingcode.com
https://www.workingcode.com/mailman/listinfo/eefc-core </span></font><br>
-----Inline Attachment Follows-----<o:p></o:p></p>
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