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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'>Roger
all that<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"'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Steve Gordon<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, April 07, 2009
10:33 PM<br>
<b><span style='font-weight:bold'>To:</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>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Time
and place is the same as far as I know. Tomorrow at 7 in the Eagle East
classroom. I’ll bring a laptop with the spreadsheet, and I think Bob is
bringing a laptop as well.<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'>-Steve<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"'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Mike Lysik<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, April 07, 2009 9:53
PM<br>
<b><span style='font-weight:bold'>To:</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>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>My wife's plans may have changed, and I might
be able to make it tomorrow night. Is 7pm at eagle still the plan?
Just to confirm...someone is bringing the laptop with spreadsheet in case
I can't make it?</span></font><o:p></o:p></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=2 face=Arial><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>Mike</span></font><o:p></o:p></p>
</div>
<blockquote style='border:none;border-left:solid black 1.5pt;padding:0in 0in 0in 4.0pt;
margin-left:3.75pt;margin-top:5.0pt;margin-right:0in;margin-bottom:5.0pt'>
<div>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>----- Original Message ----- <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal style='background:#E4E4E4'><b><font size=2 face=Arial><span
style='font-size:10.0pt;font-family:"Arial","sans-serif";font-weight:bold'>From:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>
<a href="mailto:steve@media-phile.com" title="steve@media-phile.com">Steve
Gordon</a> <o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:"Arial","sans-serif";font-weight:bold'>To:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>
<a href="mailto:eefc-core@workingcode.com" title="eefc-core@workingcode.com">eefc-core@workingcode.com</a>
<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:"Arial","sans-serif";font-weight:bold'>Sent:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>
Tuesday, April 07, 2009 9:19 PM<o:p></o:p></span></font></p>
</div>
<div>
<p class=MsoNormal><b><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:"Arial","sans-serif";font-weight:bold'>Subject:</span></font></b><font
size=2 face=Arial><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>
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>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>That
would be $110.72 per hour. I bet some of those costs are in fact fixed
costs (paid whether or not the plane leaves the ground) such as insurance and
annual inspection. I’d be interested to see a line item breakdown and
split that number into fixed costs vs. hourly costs. Would your friend be
willing to share his logs or perhaps even group his costs into specific
categories (fuel, annual, insurance, etc)? That would probably be a good
sanity check and might point out something we may have otherwise missed.<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'>Thanks,<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'>-Steve<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 7:57
PM<br>
<b><span style='font-weight:bold'>To:</span></b> Steve Gordon<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>
<p><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>Steve - I asked a friend who owns
a C172M based at Klwm , who keeps a log of actual time,fuel ,repairs,
insurance,and anything associated with the plane ,what the cost to operate
the plane for the year 2008 . His total cost for 112 hrs were $12,400.00 .These
are operating costs only. Maybe we can use these numbers for comparison.<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'>Bill Mc<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: "Steve Gordon" <steve@media-phile.com><br>
To: eefc-core@workingcode.com<br>
Sent: Tuesday, April 7, 2009 6:27:30 PM GMT -05:00 US/Canada Eastern<br>
Subject: RE: Agenda for Wed evening<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
made some alterations to the spreadsheet and sent it to Mike. Since Mike
owns the spreadsheet I wanted to give him a chance to review it before I sent
it to the rest of the group.</span></font><font color=black><span
style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal><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><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>The
changes I made were to the 2<sup>nd</sup> worksheet: Buy a plane. Rather
than have two different sections, one with and one without financing, I added a
“% Down” field that is editable so we can vary the amount financed. I
consolidated the outputs into “One Time cost, Monthly Dues, and Rate Per Hour”
as I think those are the three key costs that all members will need to
understand. I also locked down the spreadsheet so only those fields that
are meant to be edited are editable. I think that will help avoid
confusion if/when we send this out to the others.</span></font><font
color=black><span style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal><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><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>I’ve
attached the updated spreadsheet with my changes. Constructive criticism
is always welcomed.</span></font><font color=black><span style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal><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><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Thanks,</span></font><font
color=black><span style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal><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><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>-Steve</span></font><font
color=black><span style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal><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>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><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'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Bob Irving<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, April 07, 2009 5:42
PM<br>
<b><span style='font-weight:bold'>To:</span></b> mike.lysik@comcast.net;
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>
</div>
<p class=MsoNormal><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><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>I can
bring a laptop with the spreadsheet. I only know of one version of the
spreadsheet – the original. Is there a new version?</span></font><font
color=black><span style='color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal><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>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><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'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b><span
style='font-weight:bold'>On Behalf Of </span></b>mike.lysik@comcast.net<br>
<b><span style='font-weight:bold'>Sent:</span></b> Tuesday, April 07, 2009 5:29
PM<br>
<b><span style='font-weight:bold'>To:</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>
</div>
<p class=MsoNormal><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>
<p><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>Liability insurance is a good topic,
and a lawyer should be consulted. Maybe someone knows a lawyer that would
offer to help. A friend at work belonged to a flying club/group at one
time, and they had a policy on the plane(in the situation where it damaged
something or someone), and then each member had his/her own add-on policy if
they wanted or needed extra coverage. The extra coverage was on their own
dime.</span></font><font color=black><span style='color:black'><o:p></o:p></span></font></p>
<p><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><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>For tomorrow night...I think that
if we each bring any necessary fixed or variable costs that we don't yet
have, and then work them into the spreadsheet, we'll have a pretty good
understanding of what it will cost to run the club. Then we can
start communicating with the others that are interested. Buying vs.
leasing from Eagle could also be brought to the entire group while we show the
pro's and con's of each.</span></font><font color=black><span style='color:
black'><o:p></o:p></span></font></p>
<p><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><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>I may not be able to make it
tomorrow night, would someone be able to bring the spreadsheet with
Steve's updates, maybe on a laptop so you can make changes on the fly?</span></font><font
color=black><span style='color:black'><o:p></o:p></span></font></p>
<p><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><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>It may be too early, but I'm a
little hesitant on the Eagle deal because the club doesn't end up owning the
plane after paying Eagle's note.</span></font><font color=black><span
style='color:black'><o:p></o:p></span></font></p>
<p><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 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: williammccann@comcast.net<br>
To: "Bob Irving" <rhirving@verizon.net><br>
Cc: eefc-core@workingcode.com<br>
Sent: Tuesday, April 7, 2009 5:01:40 PM GMT -05:00 US/Canada Eastern<br>
Subject: Re: Agenda for Wed evening</span></font><font color=black><span
style='color:black'><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.</span></font><font color=black><span style='color:black'><o:p></o:p></span></font></p>
<p><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><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>Thanks</span></font><font
color=black><span style='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'>Bill McCann</span></font><font
color=black><span style='color:black'><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</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=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>
_______________________________________________ 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>
<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>
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href="http://us.mc1113.mail.yahoo.com/mc/compose?to=eefc-core@workingcode.com"
target="_blank">eefc-core@workingcode.com</a><br>
<a href="https://www.workingcode.com/mailman/listinfo/eefc-core"
target="_blank">https://www.workingcode.com/mailman/listinfo/eefc-core</a><o:p></o:p></span></font></p>
</div>
</td>
</tr>
</table>
<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>
</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'><br>
_______________________________________________ eefc-core mailing list
eefc-core@workingcode.com
https://www.workingcode.com/mailman/listinfo/eefc-core </span></font><font
color=black><span style='color:black'><o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><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 <o:p></o:p></span></font></p>
</div>
<div class=MsoNormal align=center style='text-align:center'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>
<hr size=2 width="100%" align=center>
</span></font></div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>_______________________________________________<br>
eefc-core mailing list<br>
eefc-core@workingcode.com<br>
https://www.workingcode.com/mailman/listinfo/eefc-core<o:p></o:p></span></font></p>
</blockquote>
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