prototype plane list

[Bob Irving]

I have been pretty distracted lately, too. I'm not 100% confident that I
will be able to get my medical renewed so I want to be straightforward with
everyone. I would like to continue to participate with comments but you
should consider the possibility that I will need to go the LSA route and
won't be able to join in on a purchase. Again, thanks Jim on a really great
job putting the database together.     

-----Original Message-----
From: eefc-core-bounces at workingcode.com
[mailto:eefc-core-bounces at workingcode.com] On Behalf Of James Carlson
Sent: Thursday, November 19, 2009 8:35 AM
To: Eagle East Flying Club Core Team
Subject: Re: prototype plane list

Todd Brooks wrote:
> Ok, I have to admit that I have been very distracted lately. I apologize
> for not contributing more. I just caught up and read the previous
> emails.  This is very good work. 
>  
> After next week, I should have more time.  (I'm afraid to ask how much
> money you guys have cost me!)

How much you got?  ;-}

Seriously, though, the ranges we generally agreed on living with were
$10K to $15K per person with four to five members.  We haven't worked
out monthly and hourly costs, but they should be a bit below the ones we
talked about before because of the goal of avoiding financing.

(If we end up with four members and the plane we want is a little more
costly, I'd vote in favor of paying just $60K out of pocket and
financing the balance.  Having a $10K or $20K balance financed doesn't
sound too bad to me, and for a bank I'd expect it to look like extremely
low risk.  I'd be willing to sign a note that small myself ...)

-- 
James Carlson         42.703N 71.076W         <carlsonj at workingcode.com>
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