The Businessmen's Flying Club held its monthly meeting on Tuesday, June 1, 1999 at the Naper Aero clubhouse. Vice-President Nick Davis called the meeting to order at 7:30 PM. Flying members Jim Barna, Ken Best, Tom Braid, Mark Clements (who arrived later), Hubert Elsen, Mike Goin, Andrea Hoyt, Matt Kenner, Ray Kvietkus, Mike Leavy, Jack Lindquist, Al Pakalniskis, Saeed Razfar, Jim Williams, Joe Weston, and Reza Zarafshar attended the meeting. Inactive member Dave Young, wait list members Jan Jakubiak and Rich Widdcombe also attended.

Without modifications, a motion was made, seconded, and passed to accept the newsletter as the minutes of the last meeting.

The details of the Treasurer’s Report can be found at the end of this newsletter.

A motion was made, seconded, and passed to accept the treasurer's report.

	C150	C172	C182
Flying hrs.	16.52	17.7	24.0
SMOH	1576.93	1790.1	1594.9
TBO	1800	2000	1500
TMOH	223	210	-95
Club hrs.	0	1.7	0.9
Fuel, gph	3.8	7.2	12.1

SMOH -- engine time since major overhaul
TBO -- engine time between overhauls
TMOH -- engine time to major overhaul

150: Pitot static certification was updated for the coming year at Lumanair. The left main tire is targeted for replacement. No cord is showing but it won’t take more than one or two crosswind landings to put that status in jeopardy. The nose wheel and right main tires are fine. Mark is trying to keep minimum fuel in the 150 so that it will remain within weight and balance limits with a primary flight student. It is generally tied down with less than 10 gallons of fuel. Be sure to add what you need before taking off.

172: Mike Pastore and Bert Toppel were flying the Skyhawk and experienced a rough engine. Later, Reza Zarafshar reported a rough engine at low RPMs, some backfires and six "pops." The plane went to Lumanair on June 7^th with the following squawk list:

1. Landing light inoperative.
2. Primer is tight.
3. Quick Drain is stuck.
4. Engine rough at idle with backfiring.
5. Engine rough in flight at 2000 RPM.
6. Alternator fan rubbing housing.
7. Pilot seat not locking properly

After Al Pakalniskis and Jack Lindquist reported radio problems, COM 1 was pulled out of the plane and sent to Michael Avionics for bench testing. (We felt that this technical approach to the problem was preferable to Matt Kenner’s somewhat less controlled method of hitting the top of the instrument panel.) As of Friday, July 2, the COM-2 radio was in the COM-1 slot and the other radio was not back yet from the manufacturer. I had one complaint about the remaining radio on my way back from Dayton, Ohio on Friday. The Grissom approach controller could not receive any transmission from me on his standard frequency of 121.05 and had to assign an alternate frequency. He asked that I get the radio checked because he was talking to everyone else on that frequency. I was finally assigned the alternate frequency and established contact when I had the field in sight at 6000 feet.

P.S. I ran into Mike Pastore and Pam at Ribfest for the July 4^th fireworks. He had flown the 172 on Saturday and reported that the other radio had been returned and installed. He used both without problems.

182: The vacuum pump failed again. This time, Ray Kvietkus was flying in VFR conditions over Bloomington on his way to Memphis. He simply turned around, took the plane to ARR and bought commercial tickets to Memphis. This multiple failure condition is not unheard of because the carbon vanes that fractured with the original failure were not completely cleaned from the vacuum system plumbing prior to the installation of the new pump. The unit was replaced under warranty.

The oil was changed at Lumanair and a compression check performed. Every cylinder was over 70 psi so we are still in excellent shape!

EGT is still inoperative. Supposedly, it was repaired but we are still experiencing intermittent problems. A new nose wheel fairing has been ordered from Wag Aero. It will be installed after painting at Woodlake is complete. Reza Zarafshar had the landing light replaced while on a trip this weekend to Minnesota. We are going to try to do a very thorough cleaning of the 182 at our worknight on Tuesday, July 6^th to help in our sales efforts of 44WW.

Our advertising campaign for 44WW is beginning to pay off. We have two potential buyers right now including one in the Chicago area and one in Florida. Mark mentioned to me today that we would be willing to fly the plane to Florida for examination if the potential buyer were willing to pay for fuel and give us a deposit.

Ken Best read the following proposed Bylaw change at the meeting and followed up with the enclosed e-mail. A vote on these issues won’t be considered until the August meeting.

"I proposed at the June meeting that the following changes be made to the Bylaws. The Bylaws require that any proposed amendments be read at one meeting and then can be voted on at any subsequent meeting. Here are my proposed amendments:

Strike the following Article completely:

Article IX - Special Provisions

Section 1 - Memberships

In consideration of the Bylaw provisions concerning family memberships in force when they joined the Club, the following pairs of members shall be entitled jointly to reduced monthly dues, equal to two (2) times the current monthly dues for an individual Club member, less ten dollars ($10), so long as both members of the pair remain members of the Club: Don & Signe Ferguson. These members are entitled to reimbursement of his or her total paid-in membership fee less fifty dollars ($50), when leaving the Club, provided the member is in good standing and a replacement for the member is available.

Reason: Don and Signe are inactive members with no membership standing or rights (per Article II, Section 9), therefore this provision (Article IX, Section 1) has expired and can be deleted.

Strikeout, Add or Leave Alone the following:

Article V - Officers and Board of Directors

Section 7

The purpose of regular and special meetings is to involve the members present in the finances and operations of the Club. Non-recurring expenditures, contracts and long-term investments for amounts exceeding one thousand ($1000) dollars. Contracts, notes, leases, mortgages, bills of sale, debt, assessments, investments (for periods exceeding three (3) months) and non-recurring expenditures, for amounts between one thousand dollars ($1000) and forty thousand ($40,000) dollars, must receive prior approval by a majority vote of a quorum as defined in Article IV, Section 4 of these Bylaws. Amounts (as defined in the preceding sentence) equal to or exceeding forty thousand ($40,000) dollars, aircraft purchases or sales, and any changes to membership rights or costs must receive prior approval by a majority vote of the members.

Reasons:

Strike the word "present" because the true goal is to involve all members in finance and operations. This is mostly a semantics change. Clarify the existing voting requirement by repeating language taken from Article V, Section 1 (re: President's authority) and Article II, Section 2 (assessment levying.)

Retain the "majority vote of quorum" approval, but limit this approval to amounts between $1,000 and $40,000. The Bylaws define a quorum as 20% of the members (45 * 20% = 9). Nine people is the minimum meeting size for voting to take place. A majority of a quorum can be as few as five (5) members! Very few transactions involve over $40,000. Even N44WW's worst engine overhaul cost less (about $28,000). Transactions over $40,000 are so unusual and rare that it is prudent to have a significant voting requirement.

Add a significant voting requirement for transactions over $40,000, aircraft sales or purchases and changes to the costs of membership rights. These issues have the largest direct impact on the members:

A transaction over $40,000 equates to nearly $1,000 PER MEMBER!

A change in the composition of the Club's fleet could mean:

1.) Less total aircraft availability after sale and before acquisition (45 members and only two planes.)

2.) Increased rates and dues even if you don't fly the aircraft involved.

3.)Insurance requirement for a new aircraft checkout for members prior to flight.

Changes in costs for membership rights, such as "marking to market" (like Naperville Flying Club), could increase a member's initial or "catch-up" fee by several thousand dollars. Higher costs for membership rights could:

1.) Damage the Club's economic attractiveness to new members (especially young students).

2.) Cut the number of people on the waiting list to join. (Naperville Flying Club apparently has a waiting list to RESIGN!)

3.) Force competition with Naperville Flying Club and others, while we have a smaller fleet and more members per aircraft (less apparent availability).

This change would require active communication with all members for their input and vote (perhaps by proxy). Board members would receive some protection from liability by securing the vote of a true majority of the membership on very important issues.

Please contact me at KenBest@MegsINet.net if you have any questions or comments.

Thank you,

Ken Best"

A motion was made to make all BFC aircraft non-smoking. This motion passed unanimously.

A motion was made and passed to invite the Naperville Flying Club members to our picnic on July 11^th. Festivities will begin at 4:00 PM followed by a brief meeting at 6:00 PM.

Ray "Duct Tape" Kvietkus made a motion to reduce the rental rate on the 182 by $15 per hour because the engine reserve is fully funded for the airplane. The motion received no second and was not considered further.

Jim Barna warned members that as of April 1^st the FAA announced an "interpretive regulation" regarding the subject of pilot and controller responsibilities for getting communications correct. It is not known if the NTSB will accept this interpretation but for the moment at least, the burden of clearly understood communications rests with the pilot. As always, be sure to clarify your instructions in the read-back and don’t be shy about asking questions. If you are the victim of confusing or dangerous clearances, be sure to fill out a NASA report.

A motion was made and carried that the board of directors meet before the next meeting and come up with recommendations for aircraft rental rates and equity investment requirements.

This meeting was held on June 30^th and attended by Tom Braid, Mark Clements, Matt Kenner, Jim Williams, and Reza Zarafshar. Tom Braid presented a history of costs of operating the airplanes for the last six years. From 1993 to 1998 the following gains and losses were reported:

150 Gain +$129

172 Gain +1,347

182 Loss -$716

For 1998, the BFC experienced to following gains and losses for each of the planes:

150. Loss (-$571) or (-$3.73/hr.)

172. Gain $1,347 or +$7.18/hr.

Thus, the board recommends that we increase the rates by $5/hr for the 150 and the 182 and leave the rate for the 172 unchanged. At the August meeting we will recommend that the membership approve these new rates:

150. $35

182. $60

The board concluded that there should be two classes of membership, Level I and Level II. Level I membership is offered as a way of encouraging new student pilots. Flight privileges would only extend to the 150 and the equity buy-in would be $750. Level II membership would include all of the airplanes and the equity buy-in would be $3,000.

Any member that wishes to upgrade their membership immediately will be given the opportunity to finance the new equity buy-in interest free at a rate of $100 per month. This amount would be in addition to the regular monthly dues. If you don’t choose to upgrade your membership now, then the entire additional amount would be due at such time as you chose to upgrade. Class II members must immediately upgrade their membership to Class III for an additional $100 before starting the program.

All Wait List members will have immediately pay the entire amount due for the level of membership they prefer when admitted to the BFC.

This equity investment would be fully refundable should you decide to leave the club. In the event that you terminate your membership before paying the entire amount, you will be refunded the full amount of money that you have invested.

Mike Leavy will be participating in the Wings Weekend scheduled for July 9^th through the 11^th and has the 172 reserved for the event. He has room for two other people to accompany him and earn a Wings certification that could take the place of a BFR. Mike plans to depart at 2:00 PM Friday and return at 3:00 PM on Sunday. If you are interested in attending, please call Mike at 708-386-3178.

E-mail addresses are now provided on the second page of the roster. If you would like to have your e-mail address included in forthcoming listings please let me know.

The BFC refreshment list was created as another way of recognizing special achievements. Criteria for membership vary with the length of the list. The person scheduled for refreshments should bring beverages and desert to the club meeting. If unable to attend, he or she should arrange to trade meeting dates with someone else on the list.

Andrea Hoyt August, 1999

Hubert Elsen September, 1999

We had one additional membership application submitted for the month after Dave Irwin completed a check ride with Mark Clements. Dave has Commercial and Instrument ratings but hasn’t updated his BFR since 1994. He is working on that project now at Clow International.

Jan Jukubiak was introduced to the club saying that she had waited forty years to learn to fly and now was the time. Jan is a PE teacher in the Naperville school system in District 203.

Membership waiting list:

Chuck Walton

Craig McCormack

Andree DeSas

Anthony Marchechi

Lonnie Horn

Carl Price

Richard Widdicombe

Jan Jakubiak

Dave Irwin

Kevin Brady (missing medical)

Potential members are reminded that they must be present at the meeting when an opening is announced and be prepared to purchase the class of membership they prefer. Memberships may be upgraded at any time without penalty at prevailing rates.
 
 

Ten BFC members attended the Aviation Safety Program held at Fermi labs held on Monday May 10^th! The topic was Aviation Weather.

The Businessmen's Flying Club will hold its next worknight and cookout on Tuesday evening, July 6, 1999 at the Naper Aero clubhouse. Mark has a schedule conflict but will bring the food and asked me to coordinate the cooking. Plan to arrive as early as you can after 4:30 PM. Worknight credits are still in effect so this is a good chance to pick one up and still be home by 7:30.

Remember: In July, our meeting will be held at the Picnic on Sunday afternoon, July 11^th. The tent will be set up at 9:00AM on Sunday. If you can help, please drop by the airport that morning. The picnic will begin at 4:00 PM. Bring your own meat to grill and a dish to share – salads, vegetable dishes, or desserts. All BFC members, Naperville Flying Club members, Naper Aero residents, family and friends are invited. A brief business meeting and recognition session will follow the picnic.

Work Night Credits:

Jim Barna 2

Jeff Braxton 1

Mark Clements 2

Nick Davis 3

Hubert Elsen 2

Matt Forsberg 1

Mike Goin 2*

Russ Haack 1

Andrea Hoyt 2

Matt Kenner 3

Ray Kvietkus 3

Mike Leavy 1

Tom Lechner 1

Ken Leibach 1

Jack Lindquist 1

Craig Matteson 1

Dan Michael 1

Mike Pastore 1

Don Patterson 2

Len Pirard 1

Bert Toppel 2

Joe Weston 3

Jim Williams 2

Reza Zarafshar 3

INCOME

Billed charges, April, May Invoice:

Previous (-$639.69) $232.50

Dues, work night 2,025.00

April flying 2,636.90

Late fees 18.45

Total billed charges $4,912.85

Credits:

Expenses (-$66.93)

Balance Changes (-$253.90)

Net Invoice (-403.79) $4,610.02

Receipts

Charges $4,059.87

Interest (NOW) 11.22

Interest (MBNA) 230.13

Total receipts $4,292.22

PAYMENTS

Credits to members:

Fuel Away 0.00

Office 33.93

Postage 33.00

Total credits $66.93

Payments to outsiders:

Ameritech $16.48

AVEMCO $1,993.70

Lumanair

C172 Main tires $368.53

Naper Aero

Accommodations 267.00

Fuel 1,063.97

Bank

Safe Deposit Box 30.00

Total payment to outsiders $3,739.68

Credit, Naper (-168.75)

Total expenses $3,975.36

Cash Gain $552.54

BALANCES

NOW account $12,508.01

MBNA money market 58,387.72

Cash Total $70,895.73

Credit, Naper Aero 843.75

Grand Total $71,739.48

Receivable 807.33

Liabilities -651.44

RESERVES

Insurance $550

Work night (Old) 1,944

(New) 1,890

Engines

C150 $12,608

C172 16,235

C182 25,887

Annuals 2,975

Total reserves $62,089

RESERVE SUPLUS $9,650

Retained Capital (inactive) $4,150