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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'>Bill –
Sean mentioned that we would each need to carry our own renters insurance. We
would also form an LLC to limit personal liability but this is an important
issue that we should probably investigate with an attorney. Anybody know an
attorney that wants to join the club?<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'>I
agree with your proposal for initiation and security deposit. I think we
should also do a credit check on new members as part of the application
process.<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'>Are
you saying that we should try to get them to add the GPS as part of an initial
upgrade or should we pay for that ourselves ?<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>
<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"'>
williammccann@comcast.net [mailto:williammccann@comcast.net] <br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, April 07, 2009 5:02
PM<br>
<b><span style='font-weight:bold'>To:</span></b> 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>
</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><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>Bob - I did a little research on
the Garmin 430W GPS, /nav/com with Glideslope and moving map.Pricing is about
$8,100.00 and around $2000 to install. The cost for an annual is more like $
2200.00 , so maybe we can hold Eagle @ the $1500 estimate.Purchase
options and length of lease are addressed .Can you ask Tim if the
current lien-holder allows sub - leasing of their aircraft. Also, is
the pilots liability insurance included in the $4500.00 fixed cost or
should the individual be responsible to carry additional renters
insurance. Does anybody have any objections to a $ 250.00
initiation fee and a returnable $ 250.00 security deposit required when joining
the club.<o:p></o:p></span></font></p>
<p><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></font></p>
<p><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>Thanks<o:p></o:p></span></font></p>
<p><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>Bill McCann<o:p></o:p></span></font></p>
<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: "Bob Irving" <rhirving@verizon.net><br>
To: toddmbs@yahoo.com, williammccann@comcast.net, "mike lysik"
<mike.lysik@comcast.net><br>
Cc: eefc-core@workingcode.com<br>
Sent: Tuesday, April 7, 2009 1:57:48 PM GMT -05:00 US/Canada Eastern<br>
Subject: RE: Agenda for Wed evening<o:p></o:p></span></font></p>
<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'>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. </span></font><font color=black><span style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3 color=black face="Times New Roman"><span style='font-size:12.0pt;
color:black'> <o:p></o:p></span></font></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'>Tim is out of town but Sean promises to
get back to me. We’ll see. </span></font><font color=black><span
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3 color=black face="Times New Roman"><span style='font-size:12.0pt;
color:black'> <o:p></o:p></span></font></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'>Bob</span></font><font color=black><span
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3 color=black face="Times New Roman"><span style='font-size:12.0pt;
color:black'> <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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><font
size=2 color=black face=Tahoma><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";
color:black;font-weight:bold'>From:</span></font></b><font size=2 color=black
face=Tahoma><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif";
color:black'> 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</span></font><font color=black><span style='color:black'><o:p></o:p></span></font></p>
</div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3 color=black face="Times New Roman"><span style='font-size:12.0pt;
color:black'> <o:p></o:p></span></font></p>
<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0>
<tr>
<td valign=top style='padding:0in 0in 0in 0in'>
<div id=yiv11814067>
<div id=yiv1980941400>
<div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3 face="Times New Roman"><span style='font-size:12.0pt'> <o:p></o:p></span></font></p>
</div>
</div>
<div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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='mso-margin-top-alt:auto;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=3 face="Times New Roman"><span style='font-size:12.0pt'> <o:p></o:p></span></font></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>
<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>
<div>
<div>
<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'>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 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'>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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 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'>Thanks,</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=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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3 face="Times New Roman"><span style='font-size:12.0pt'> <o:p></o:p></span></font></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 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'>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 style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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 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'>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>
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