<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv=Content-Type content="text/html; charset=us-ascii">
<meta name=Generator content="Microsoft Word 12 (filtered medium)">
<!--[if !mso]>
<style>
v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style>
<![endif]-->
<style>
<!--
/* Font Definitions */
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri","sans-serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
{mso-style-priority:99;
mso-style-link:"Balloon Text Char";
margin:0in;
margin-bottom:.0001pt;
font-size:8.0pt;
font-family:"Tahoma","sans-serif";}
span.BalloonTextChar
{mso-style-name:"Balloon Text Char";
mso-style-priority:99;
mso-style-link:"Balloon Text";
font-family:"Tahoma","sans-serif";}
span.EmailStyle19
{mso-style-type:personal;
font-family:"Calibri","sans-serif";
color:windowtext;}
span.EmailStyle20
{mso-style-type:personal;
font-family:"Calibri","sans-serif";
color:#1F497D;}
span.EmailStyle21
{mso-style-type:personal-reply;
font-family:"Calibri","sans-serif";
color:#1F497D;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page Section1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.Section1
{page:Section1;}
-->
</style>
<!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang=EN-US link=blue vlink=purple>
<div class=Section1>
<p class=MsoNormal><span style='color:#1F497D'>If EE was willing to install a
new engine on 976 for $15,000, would they be willing to do the same for 081
when it reaches TBO?<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>The following numbers assume we
can expect an engine overhaul from EE for $15,000 once 081 reaches TBO:<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>You’re right that we would
need to accelerate the overhaul fund. One option is to bootstrap it
upfront from our membership (an extra $1,000 per member give or take). We
could raise the monthly dues temporarily (would be an extra $83/month for 12
members to catch up in 12 months). The third option is to raise the
hourly cost by $30/hr.<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Here are how the numbers break
down using the spreadsheet:<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><b><span style='color:#1F497D'>Option 1 (overhaul funded up
front):<o:p></o:p></span></b></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>One Time Fee: $1,180.00<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Monthly Fee: $50.63<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Hourly Fee: $60.30<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><b><span style='color:#1F497D'>Option 2 (overhaul funded
with monthly dues increase) <o:p></o:p></span></b></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>One Time Fee: $380.00<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Monthly Fee: $133.96
(for first 12 months)<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Hourly Fee: $60.30<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><b><span style='color:#1F497D'>Option 3 (overhaul funded
with hourly fee increase) <o:p></o:p></span></b></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>One Time Fee: $380.00<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Monthly Fee: $50.63<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Hourly Fee: $90.30
(for first 400 hours)<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>We could also do a combination
of any of those three options. For instance, we raise the up-front cost
only half the amount of option 1 and we raise the monthly dues half the amount
of option 2. Option 2 leaves the possibility that we reach TBO before we’ve
saved enough for an overhaul (if we fly 400 hours in less than 12 months).<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>I’ll reserve my opinions
on preference until after the group has a chance to comment on this.<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Thanks,<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>-Steve <o:p></o:p></span></p>
<p class=MsoNormal><span style='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 7:24 PM<br>
<b>To:</b> 'Eagle East Flying Club Core Team'<br>
<b>Subject:</b> RE: 081 proposal from EE<o:p></o:p></span></p>
</div>
</div>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><span style='color:#1F497D'>Don’t forget that we
could/would easily put the remaining 400 hrs on 081 in 12 months. Then we face
an expense of a new engine. I think it would be much more than $15,000.<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>Bob<o:p></o:p></span></p>
<p class=MsoNormal><span style='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 7:16 PM<br>
<b>To:</b> Eagle East Flying Club Core Team<br>
<b>Subject:</b> RE: 081 proposal from EE<o:p></o:p></span></p>
</div>
</div>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal style='margin-bottom:12.0pt'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>Considering SMOH it is exactly the same price
as 976. At $15,000 for overhaul over 2,000 hours that's $7.50/hr. With 400
hours remaining that's $3,000 value left in the engine which is precisely how
much more they are asking for 081.<br>
<br>
I don't care about the paint unless it affects the airframe integrity
(corrosion). If it's a basic 172 we purchase it just needs to be functional and
cheap. I understand if some of you feel otherwise.<br>
<br>
The financing opportunity on 081 is good. It alleviates the need for a complex
membership structure.<br>
<br>
You know, I seem to remember that 081's engine was shipped out for maintenance
not more than a year ago. Metal in the oil. Makes me wonder if they did an
overhaul then. They couldn't have put 1600 hrs on it in less than a year,
right?<br>
<br>
-Steve <br>
<br>
Sent from Windows Mobile Smartphone.</span><span style='font-size:12.0pt;
font-family:"Times New Roman","serif"'><o:p></o:p></span></p>
<div class=MsoNormal align=center style='text-align:center'><span
style='font-size:12.0pt;font-family:"Times New Roman","serif"'>
<hr size=2 width="100%" align=center>
</span></div>
<p class=MsoNormal style='margin-bottom:12.0pt'><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"'>Bob Irving
<rhirving@verizon.net></span><span style='font-size:12.0pt;font-family:
"Times New Roman","serif"'><br>
</span><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>Sent:
</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>Wednesday,
April 15, 2009 5:58 PM</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><br>
</span><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>To: </span></b><span
style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>'Eagle East Flying
Club Core Team' <eefc-core@workingcode.com></span><span style='font-size:
12.0pt;font-family:"Times New Roman","serif"'><br>
</span><b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>Subject:
</span></b><span style='font-size:10.0pt;font-family:"Tahoma","sans-serif"'>081
proposal from EE</span><span style='font-size:12.0pt;font-family:"Times New Roman","serif"'><o:p></o:p></span></p>
<p class=MsoNormal>According to Sean tonight 081 could be purchased for 38,000
with 15% down and 8.5% for 60 months. 081 has about 5750 TTAF and 1600 SMOH on
the engine. I have no idea what it has for equipment nor do I know the
condition. I do not know anything about the history or logs. We all know it
desperately needs paint which is a 10-12,000 cost and substantial down time on
the aircraft – maybe 2 months. <o:p></o:p></p>
<p class=MsoNormal> <o:p></o:p></p>
<p class=MsoNormal>Let me know your thoughts on this.<o:p></o:p></p>
</div>
</body>
</html>