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<div class=Section1>
<p class=MsoNormal><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></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>-Steve<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<div>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b>On
Behalf Of </b>Bob Irving<br>
<b>Sent:</b> Wednesday, April 15, 2009 1:55 PM<br>
<b>To:</b> 'Eagle East Flying Club Core Team'<br>
<b>Subject:</b> RE: 976 price<o:p></o:p></span></p>
</div>
</div>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><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></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<div>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'> eefc-core-bounces@workingcode.com
[mailto:eefc-core-bounces@workingcode.com] <b>On Behalf Of </b>Steve Gordon<br>
<b>Sent:</b> Wednesday, April 15, 2009 12:38 PM<br>
<b>To:</b> 'Eagle East Flying Club Core Team'<br>
<b>Subject:</b> RE: 976 price<o:p></o:p></span></p>
</div>
</div>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><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></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>-Steve<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
<div>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>From:</span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>
eefc-core-bounces@workingcode.com [mailto:eefc-core-bounces@workingcode.com] <b>On
Behalf Of </b>mike.lysik@comcast.net<br>
<b>Sent:</b> Wednesday, April 15, 2009 12:34 PM<br>
<b>To:</b> Eagle East Flying Club Core Team<br>
<b>Subject:</b> Re: 976 price<o:p></o:p></span></p>
</div>
</div>
<p class=MsoNormal><o:p> </o:p></p>
<div>
<div>
<p><span style='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></p>
<p><span style='font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p>
<p style='margin-bottom:12.0pt'><span style='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></p>
<div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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><span
style='color:black'><o:p></o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='color:black'> <o:p></o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D'>Bob</span><span
style='color:black'><o:p></o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='color:black'> <o:p></o:p></span></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><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif";color:black'>From:</span></b><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>On
Behalf Of </b>mike.lysik@comcast.net<br>
<b>Sent:</b> Wednesday, April 15, 2009 12:01 PM<br>
<b>To:</b> Eagle East Flying Club Core Team<br>
<b>Subject:</b> Re: 976 price</span><span style='color:black'><o:p></o:p></span></p>
</div>
</div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='color:black'> <o:p></o:p></span></p>
<div>
<div>
<div>
<p><span style='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></p>
<p><span style='font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p>
<p><span style='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></p>
<p><span style='font-family:"Arial","sans-serif";color:black'> <o:p></o:p></span></p>
<p><span style='font-family:"Arial","sans-serif";color:black'>Mike<o:p></o:p></span></p>
<p style='margin-bottom:12.0pt'><span style='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></p>
<div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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><span style='color:black'><o:p></o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='color:black'> <o:p></o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><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><span style='color:black'><o:p></o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='color:black'> <o:p></o:p></span></p>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='font-size:11.0pt;font-family:"Calibri","sans-serif";color:black'>Bob</span><span
style='color:black'><o:p></o:p></span></p>
</div>
<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><span
style='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><span
style='color:black'><o:p></o:p></span></p>
</div>
</div>
</div>
</div>
<p class=MsoNormal><span style='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></p>
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