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<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Received
a call this PM from Sean to advise that Tim has a different concept of what was
stated relative to 976. We would not take over his note payments. Rather
we would make an outright purchase of 976 for ??? dollars. The current balance
remaining on Tim’s note would be our down payment cost. We (the
club) would finance the remaining amount and Eagle East would “guarantee”
that new note with a lender. Sean ”thinks” the balance
remaining is 16-18000. He did not suggest a price to purchase 976. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>My
first thoughts are that this makes the decision (976 vs. 0ther Aircraft)
somewhat easier. If we buy 976 “as is”, I’m not sure it’s
worth much more than 16-18000 with missing logs, etc. but that’s only my
opinion. My questions about TTAF, TSMOH, and prop time have not yet been
answered. Sean promises to have those details later today.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Bob<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
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