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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'>I
think it’s a moot point – at 35k they certainly wont be doing much to it.
Without an engine it’s useless anyway.<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"'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Todd Brooks<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, April 15, 2009
5:06 PM<br>
<b><span style='font-weight:bold'>To:</span></b> Eagle East Flying Club Core
Team<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: 976 price<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>
<tr>
<td valign=top style='padding:0in 0in 0in 0in'>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>I thought so to, but Bob wrote this:<o:p></o:p></span></font></p>
<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>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><i><font
size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:
"Calibri","sans-serif";color:#1F497D;font-style:italic'>Todd – for 35K
aircraft is “as is”. Meaning nothing would be done. Run out engine with
missing log books. Bad transponder, questionable radios, probably not IFR
certified. Etc. </span></font><o:p></o:p></i></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><i><font
size=2 color="#1f497d" face=Calibri><span style='font-size:11.0pt;font-family:
"Calibri","sans-serif";color:#1F497D;font-style:italic'>Bob</span></font><o:p></o:p></i></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'><br>
So... I don't know. If they were new (or near new) navs, comms, and
transponder, I might bite on it. But not to rub some polish on what's
there now.<br>
<br>
<br>
<br>
--- On <b><span style='font-weight:bold'>Wed, 4/15/09, Steve Gordon <i><span
style='font-style:italic'><steve@media-phile.com></span></i></span></b>
wrote:<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-bottom:12.0pt'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'><br>
From: Steve Gordon <steve@media-phile.com><br>
Subject: RE: 976 price<br>
To: "'Eagle East Flying Club Core Team'"
<eefc-core@workingcode.com><br>
Date: Wednesday, April 15, 2009, 4:52 PM<o:p></o:p></span></font></p>
<div id=yiv807798393>
<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 believe the deal includes
servicing the transponder and radios and a fresh IFR certification whether or
not we purchase the engine upgrade.</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>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;
margin-left:.5in'><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>“I
met with Sean and Bill this am. We came up with a 35K price without an engine
50K with engine,and of course working navs and comms and working
transponder.(IFR certified)” –Tim</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'><br>
-Steve</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 style='border:none;border-top:solid windowtext 1.0pt;padding:3.0pt 0in 0in 0in;
border-color:-moz-use-text-color -moz-use-text-color'>
<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>Todd Brooks<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, April 15, 2009
4:11 PM<br>
<b><span style='font-weight:bold'>To:</span></b> Eagle East Flying Club Core
Team<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: 976 price</span></font><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'> <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'>
<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'>All,<br>
I will say that this deal does not make me happy. <br>
<br>
First, N61976 can not worth $35,000 (without an engine) at all. The $35k
+ 15k for the engine that makes up $50,000 does not even include the navs,
transponder etc (Bob correct me that is wrong) . We still want to add
upwards of $10-15k to fix it up. We're not talking about $50k, we're
now really talking about $60-65k. But I will say the engine is a good
deal, assuming that it's been rebuilt well.<br>
<br>
Second, I'm not sure where the translation was lost but this clique about
EE playing the bank is just not the case. We will paying off they're
loan, paying for the engine, paying for upgrades and then making payments
to EE for what they consider their equity (or really profit). They a
not doing us a favor. And by tying us to these payments, they're
really just guaranteeing that we will pay them for fuel and work on the
plane.<br>
<br>
Third, we went from $30-40k with full financing, to $50-60k with us buying
60% of it and making payments on their profit.<br>
<br>
This is not a good deal. We can buy better for less. I also
thought about it this way - I could buy the plane straight out with my own
equity and sell it back to the club and 'play the bank' myself, but not
this price. $50k, as is, for that plane is just not a good
price. It's a trainer that has been worn out.<br>
<br>
So, I my vote is no on this one.<br>
<br>
Todd<br>
<br>
<br>
--- On <b><span style='font-weight:bold'>Wed, 4/15/09, Bob Irving <i><span
style='font-style:italic'><rhirving@verizon.net></span></i></span></b>
wrote:<o:p></o:p></span></font></p>
<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: 976 price<br>
To: "'Eagle East Flying Club Core Team'"
<eefc-core@workingcode.com><br>
Date: Wednesday, April 15, 2009, 2:49 PM<o:p></o:p></span></font></p>
<div id=yiv1986963845>
<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'>Yes – 33k up front
is a given unless we offered less than 33k up front</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 windowtext 1.0pt;padding:3.0pt 0in 0in 0in;
border-color:-moz-use-text-color -moz-use-text-color'>
<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>Steve Gordon<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, April 15,
2009 2:32 PM<br>
<b><span style='font-weight:bold'>To:</span></b> 'Eagle East Flying Club
Core Team'<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: 976 price</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>
<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'>Sure we could offer
30K. I doubt that EE would agree to that. If they did, then
they would stand to take a loss on 3K.</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>
<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'>Even if we offered
40K, I understand that we would still need to pay 33K of that up front and
7K would be financed by EE. Is that right?</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>
<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'>-Steve</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 windowtext 1.0pt;padding:3.0pt 0in 0in 0in;
border-color:-moz-use-text-color -moz-use-text-color'>
<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>Bob Irving<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, April 15,
2009 2:20 PM<br>
<b><span style='font-weight:bold'>To:</span></b> 'Eagle East Flying Club
Core Team'<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: 976 price</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>
<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'>We could offer any
amount we wanted… say 30k for 976 with zero time engine. But anything less
than 33k would need to be paid up front. Of course, EE might not be willing
to sell at 30k total.</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 windowtext 1.0pt;padding:3.0pt 0in 0in 0in;
border-color:-moz-use-text-color -moz-use-text-color'>
<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>Steve Gordon<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, April 15,
2009 2:13 PM<br>
<b><span style='font-weight:bold'>To:</span></b> 'Eagle East Flying Club
Core Team'<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: 976 price</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>
<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'>If we agreed upon
a price less than 50K for the plane, then I would imagine that savings
would come out of the EE financed portion of the price. We would
still have to pay off the 18K loan and pay for the 15K new engine, totaling
a 33K upfront cost. Is that right? </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>
<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'>-Steve</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 windowtext 1.0pt;padding:3.0pt 0in 0in 0in;
border-color:-moz-use-text-color -moz-use-text-color'>
<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>Bob Irving<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, April 15,
2009 1:55 PM<br>
<b><span style='font-weight:bold'>To:</span></b> 'Eagle East Flying Club
Core Team'<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: 976 price</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>
<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'>Or we could offer
less than 50k for the plane….</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 windowtext 1.0pt;padding:3.0pt 0in 0in 0in;
border-color:-moz-use-text-color -moz-use-text-color'>
<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>Steve Gordon<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, April 15,
2009 12:38 PM<br>
<b><span style='font-weight:bold'>To:</span></b> 'Eagle East Flying Club
Core Team'<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: 976 price</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>
<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 think we’re up
against a wall with the 33K upfront cost. 15K for the engine is what
it is (and I agree with Bill, that’s not a bad price). If Eagle is
firm about us paying off the 18K note, then that also is what it is.
The only way to lower individual upfront costs would be to split that cost
between more members.</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>
<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'>-Steve</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 windowtext 1.0pt;padding:3.0pt 0in 0in 0in;
border-color:-moz-use-text-color -moz-use-text-color'>
<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>mike.lysik@comcast.net<br>
<b><span style='font-weight:bold'>Sent:</span></b> Wednesday, April 15,
2009 12:34 PM<br>
<b><span style='font-weight:bold'>To:</span></b> Eagle East Flying Club
Core Team<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: 976 price</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><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>I understand that EE is the
bank on the remaining 17k, which I don't mind. It's the amount of
initial up front costs that I'm not in favor of. When I mentioned
someone would have to be on the hook, it was for the 33k portion. I'd
still like to be involved if the we can figure how to lower the up front
cost.</span></font><o:p></o:p></p>
<p><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>
<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: "Eagle East Flying Club Core Team"
<eefc-core@workingcode.com><br>
Sent: Wednesday, April 15, 2009 12:09:58 PM GMT -05:00 US/Canada Eastern<br>
Subject: RE: 976 price</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="#1f497d" face=Calibri><span style='font-size:
11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Mike – this
proposal assumes Eagle East is the bank so there is no personal liability.
Im going to record your vote as “no” on 976.</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="Times New Roman"><span
style='font-size:12.0pt;color:black'> </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'>Bob</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="Times New Roman"><span
style='font-size:12.0pt;color:black'> </span></font><o:p></o:p></p>
<div>
<div style='border:none;border-top:solid windowtext 1.0pt;padding:3.0pt 0in 0in 0in;
border-color:-moz-use-text-color -moz-use-text-color'>
<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'> 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> Wednesday, April 15,
2009 12:01 PM<br>
<b><span style='font-weight:bold'>To:</span></b> Eagle East Flying Club
Core Team<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: 976 price</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="Times New Roman"><span
style='font-size:12.0pt;color:black'> </span></font><o:p></o:p></p>
<div>
<div>
<div>
<p><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>So we need to come up with
$33k, then pay off an additional 17k. If this is going to work, as we
already know, someone will have to step up and be "on the hook"
for the $33k loan. If that's the case, then there are other planes
out there that are nicer for less $. It doesn't seem to be as
easy/nice a deal as was initially presented to us.</span></font><o:p></o:p></p>
<p><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>
<p><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>Just saw Steve's email
regarding the up front costs. If I'm going to join a flying club, I'd
rather not have such a large up front cost. I just can't justify
it. As one of us pointed out during our first
meeting, one can join an existing club at LWM for very
little out of pocket. I think it was $45 per month and $75-$99 per
hour depending on which plane is used. That club may be more
restrictive than we want, but the price is more in line with what I was
looking for. </span></font><o:p></o:p></p>
<p><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>
<p><font size=3 color=black face=Arial><span style='font-size:12.0pt;
font-family:"Arial","sans-serif";color:black'>Mike</span></font><o:p></o:p></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: "Eagle East Flying Club Core Team"
<eefc-core@workingcode.com><br>
Sent: Wednesday, April 15, 2009 10:15:44 AM GMT -05:00 US/Canada Eastern<br>
Subject: 976 price</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'>Spoke to Tim this morning.
The 50k price tag on 976 would require a down payment from the club
sufficient to pay off the note (about 18,000) plus the cost of engine from
Penn Yan (about 15,000) leaving a balance of 17,000 that Eagle East will
finance. No details on rate and/or term.</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="Times New Roman"><span
style='font-size:12.0pt;color:black'> </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=black face=Calibri><span style='font-size:11.0pt;
font-family:"Calibri","sans-serif";color:black'>So far only two of you have
commented. Please provide some input – we need to arrive at a
consensus on this. Thanks.</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="Times New Roman"><span
style='font-size:12.0pt;color:black'> </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=black face=Calibri><span style='font-size:11.0pt;
font-family:"Calibri","sans-serif";color:black'>Bob</span></font><o:p></o:p></p>
</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'><br>
_______________________________________________ eefc-core mailing list
eefc-core@workingcode.com
https://www.workingcode.com/mailman/listinfo/eefc-core </span></font><o:p></o:p></p>
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</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'><br>
_______________________________________________ eefc-core mailing list
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https://www..workingcode.com/mailman/listinfo/eefc-core </span></font><o:p></o:p></p>
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<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>
eefc-core mailing list<br>
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<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>
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<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
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face="Times New Roman"><span style='font-size:12.0pt'><br>
-----Inline Attachment Follows-----<o:p></o:p></span></font></p>
<div>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>_______________________________________________<br>
eefc-core mailing list<br>
<a href="/mc/compose?to=eefc-core@workingcode.com">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>
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<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:10.0pt;
font-family:"Calibri","sans-serif"'><o:p> </o:p></span></font></p>
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