1. General Informational Meeting March 6, 2013

2. History 1957 - Founded by University of North Dakota Faculty 1964 - Resurrected by John D. Odegard 1965 - UND Flying Club doubled in size 1968 - School of Aerospace Sciences Late 1990’s - Flying club becomes inactive. 2000’s - UND Flying Club has come and gone repeatedly.

3. Organization Pages eZ Site Facebook Student Involvement

4. Organizational Positions Membership/Recruitment Officer Outreach Officer Secretary Fundraising Officer

5. 1955 Piper Tri-Pacer

6. Bought as a project plane Mostly located at Mr. Schumacher’s ranch STC’s Conventional Gear (Univair) Skylight Window

7. Active Restoration Left-wing currently dismantled in Clifford garage Restore one wing at a time Fabric estimated at about $750-$1000/wing Inspect Engine (0-320) 150 hp Total amount needed: $20,000 Donations/Fundraising Time: 3-5 years

8. Aircraft Restoration - Rules Either one of the 3 people need to supervise: Drake Fisher, Training Officer & Project Manager Nick Coyle, President Tracy Kruchten, Vice-President Some items will require Ken Foltz or other A&P’s No bending, hitting, cutting, or deforming of any structure Be very gentle Ask questions

9. Aircraft Restoration Dates will be published on Facebook and with email notification. Join in if you’d like. No time commitments. Have fun with this!

11. Flying Club - LLC Will handle actual aircraft rentals & flights Liability & Association Membership & Hourly rates will vary Will start with a Cessna 172 Commonality, useful load, cheaper to run/insure Later aircraft may be different (if we get that far) Membership here will also get membership with UND Flying Club (Tri-Pacer project)

12. Flying Club - LLC AOPA flying club effort Members will not be personably liable (LLC Protection) GFK Airport Authority Flying Club restrictions GFK Flight Support Hangar (2 person waitlist 02/27/13) 2006 Cessna 172S ($167/Hour) $99/Hour Dry 100LL - $6.80/Gallon (03/05/13)

13. How it works… Investor(s)Anyname, LLC. Green and White Flight, LLC. Dry Lease Agreement $ Lease Origination Fee (est. $2,500) Taxes, Closing costs, etc. Minimum 3 year lease with option to cancel Note: We are doing all the grunt work.

14. Membership Rates Aircraft Amount$45,000$60,000$75,000 Aircraft $/Month$500$700$875 Insurance$416 Hangar$250 Annual Insp.$150 Total$1,316$1,516$1,691 10 Members$132/Month$152/Month$170/Month 15 Members$88/Month$102/Month$113/Month 20 Members$67/Month$76/Month$85/Month * Monthly aircraft payments based on 10% down, 4% interest, 8 year term

15. Why that much for an airplane… 1980 Cessna 172N ($70,000) 1980 Cessna 172N ($49,000) 1979 Cessna 172N ($60,000) 1964 Cessna 172 ($54,900) 1980 Cessna 172N ($39,000) 1966 Cessna 172 ($39,900) 1970 Cessna 172 ($39,600) Considerations: TSO, TT, Avionics (GPS), Interior/Exterior

16. Hourly Rates Engine Reserve (Varies depending on TBO left) $15/Hour Depreciation$8/Hour Maintenance Reserve$15/Hour Dry Total$38/Hour Fuel (10 gallons/hour)$68/Hour Wet Total$106/Hour

17. Total Cost to Members $45,000$60,000$75,000 10 Members$132/Month$152/Month$170/Month 1 Hr/Month$235/Hour$255/Hour$273/Hour 5 Hrs/Month$130/Hour$134/Hour$137/Hour 10 Hrs/Month$117/Hour$119/Hour$120/Hour 15 Members$88/Month$102/Month$113/Month 1Hr/Month$191/Hour$205/Hour$216/Month 5 Hrs/Month$121/Hour$124/Hour$126/Hour 10 Hrs/Month$112/Hour$114/Hour$115/Hour 20 Members$67/Month$76/Month$85/Month 1 Hr/Month$170/Hour$179/Hour$188/Hour 5 Hrs/Month$117/Hour$119/Hour$120/Hour 10 Hrs/Month$110/Hour$111/Hour$112/Hour

18. Reality Healthy number of aircraft utilization in 250-800 hours/year Who’s going to do…. Maintenance Scheduling (Online Sources) Checkouts/Currency Requirements Etc. Unexpected Costs Repair bills (if we can’t pay = problems) Initiation Fee ($50-150) Time commitment

19. Reality First group of people will be part of the initial operation Expect some issues Availability issues on days of great weather after bad weather days Will try for 20 people per aircraft Risks Cease of activities all together May be early cancelation fee

20. Freedom to… Trips to the Twin Cities with friends Other destinations $100 Burger trips Flying with groups of friends Weekend trips (will have hourly requirements) Recreational flying

21. Questions/Comments UND Flying Club undflyingclubinc@gmail.com