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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'>Yes –
33k up front is a given unless we offered less than 33k up front<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> 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<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'>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.<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'>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?<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>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<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'>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.<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> 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<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'>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? <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>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<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'>Or we
could offer less than 50k for the plane….<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> 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<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'>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.<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@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<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'>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.<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 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<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'>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><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>
<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'> 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><font
color=black><span style='color:black'><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="Times New Roman"><span style='font-size:12.0pt;
color:black'> <o:p></o:p></span></font></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.<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'>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. <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'>Mike<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: "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<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=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><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=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><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=black face=Calibri><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:black'>Bob</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=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>
</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 <o:p></o:p></span></font></p>
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