<table cellspacing="0" cellpadding="0" border="0" ><tr><td valign="top" style="font: inherit;">Hello Jim,<br><br>So what do you think we should do now? I'm not seeing anyone really jumping at the idea of helping pitch in to buy a plane. Do we want to talk some numbers or are we pushing our luck?<br><br>Todd<br><br><br><br>--- On <b>Wed, 5/6/09, James Carlson <i><carlsonj@workingcode.com></i></b> wrote:<br><blockquote style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; padding-left: 5px;"><br>From: James Carlson <carlsonj@workingcode.com><br>Subject: ideas [was Re: ]<br>To: "Eagle East Flying Club Core Team" <eefc-core@workingcode.com><br>Date: Wednesday, May 6, 2009, 3:03 PM<br><br><div class="plainMail">Bob Irving writes:<br>> Has anyone come up with any more ideas ? It has been pretty quiet these<br>> past few weeks.<br><br>Given the discussions we've had so far, I think our best bets are
to<br>explore a new airplane, funded in one of two fairly similar (and not<br>necessarily mutually-exclusive) ways:<br><br> - A group of 3 or 4 of us chip in a substantial amount each as a<br> loan to the club. The club pays us back at some "standard" rate<br> (say, 8% over 15 years). Those payments become the "note," and<br> the total contributions are used to buy something we can all agree<br> on.<br><br> - A group of 3 or 4 of us agree to be the co-signers for a loan from<br> some standard place (BoA seems like it), and the loan payments are<br> made by the club (and guaranteed by this small group), and the<br> proceeds are used for a new plane.<br><br>The two can be combined. We could have members who either chip in or<br>secure a portion of the loan or both. Those who agree to help out<br>here are signing up for the long
term.<br><br>I have reason to believe that in a few weeks, I'll have a small pile<br>that I can use for this, and that I wouldn't mind having tied up for a<br>while.<br><br>Any others?<br><br>-- <br>James Carlson 42.703N 71.076W <<a ymailto="mailto:carlsonj@workingcode.com" href="/mc/compose?to=carlsonj@workingcode.com">carlsonj@workingcode.com</a>><br>_______________________________________________<br>eefc-core mailing list<br><a ymailto="mailto:eefc-core@workingcode.com" 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><br></div></blockquote></td></tr></table><br>