"St Louis Flying Club Newsletter"

St. Louis Flying Club Newsletter - 22 August 2005

From The President - By Mike Piccirilli

Dear Members,

Wouldn't you know it. I'm trying to sell my share in the club and I put more hours on the plane this past month than I have done in more than 13 years! I put on 7.8 hours mainly flying my daughter to and from a week of summer camp in far southwestern Missouri. The airplane worked great and the fuel was a lot cheaper down there!

Thanks to John for changing the oil!

I went ahead and ran a valuation of the plane:

16-Aug-2005.
1975 - CESSNA SKYHAWK 172 I-M
$53,417.48 (as configured)

Trade-in value will be considerably less
due to dealer marketing costs, margins and inventory expenses.
Price assumes complete logs, no damage, and all inspections complied.

Model Base Retail Serial No.
172M $49,500.00 63459-65684

Airframe Total Time and Engine Time Since Major Overhaul:
Note: Numbers in parenthesis are negative values.

AFTT: 3798. Effect on valuation=$1,245.48 at $1.77/hour.

SMOH Engine #1: 1404. Effect on valuation=($2,828.00) at $7.00/hour.

Basic Equipment: DUAL CESSNA 300 NAVCOMS, 1000 SMOH, 7 P&I, ADF.

Additions/Modifications/Conversions:

Item Retail Value
Like New int $5,500.00

Other Typical Add-on Equipment (Installed):

Category Item Retail Value

Approximate value for non-listed addons: $0.00

The value shown (based on Total Time, Hrs since major O/H, and new interior) was $53,417. From this value would have to be deleted an amount for damage history (minimal due to the "damage" being limited to a total replacement of the right wing for wind damage and the towing incident) and the other current discrepanacies (ADF and paint touch up). Currently the aircraft is valued at $46,600 in the billing statement. I suggest the members discuss and vote on what they consider the aircraft valuation at the next club meeting. With the overhaul "kitty" over $2,000 and the positive amount in the treasury, I certainly feel comfortable in selling my share for $7,000 (someone will get a sweet deal).

As far as my progress in selling my share goes, I haven't found the new member yet. From my ad in the Post Dispatch, I have received about a half dozen inquiries but no follow up. John has identified a friend with an instrument rating and I've shown him the plane but it hasn't progressed. Mike Russell is going to take his brother-in-law up next Monday to see if he might be interested. He is instrument rated and used to own a C-182. I'll place another ad in the Post if neither one of these shows more promise.

Happy Landings!

Pic

Treasurer's Report - by Marlin Sipe

High flying time this past month resulted in a large amount of fuel credits. This resulted in the Adjusted Treasury decreasing from $559 to $267. When the payments are received next month for the 22 hours of flying, the Adjusted Treasury will take a nice jump and should be well above where it was before the drop (unless there are any unexpected expenses). All just a matter of timing.

Maintenance - by John Heilmann & Randy Skyles

Oil Change - The oil and filter were changed at 3997.0 Tach hours. The oil sample was sent in for analysis.

Landing Light - The landing light inoperative problem was a loose disconnect. This is the disconnect used when removing the cowling. I purchased a new type disconnect that has a locking feature to keep the disconnect from coming apart in the future.

STL Class B Airspace Change

FAA SEEKS PUBLIC COMMENT ON ST. LOUIS CLASS B CHANGES

The FAA is in the process of modifying the St. Louis Class B. airspace due to the new runway at Lambert-St. Louis International Airport. The final rule is expected by April 2006. AOPA participated in the airspace ad hoc working group meetings in 2003 and 2004 and the group's suggestions were incorporated in the design. The FAA has scheduled public meetings for 4 p.m. to 6 p.m. and 7 p.m. to 9 p.m. on October 19 at Chester City Hall in Chesterfield, Missouri. For more information, contact Greg Barrett, 314/890-1040.

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