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RE: Ike Aftermath
ORIGINAL: KidEpoxy Urban sprawl and high land values are a threat, not an asset. Oh, the horror of it. This is almost as bad as the threat of California killing Prop13 and putting little old ladies on the streets... because they cant afford the taxes if their homes no longer are taxed as $60k but at the market value of $1.3mil. Yeah, we should feel bad for the homeless Newport Beach grannys that have to sell and have a check for $1.3mil in their sad poor homeless pockets. 2nd Mortgage? Heck no, RE-FINANCE to pull equity rather than borrow against it. Same or lower payments, extended term, with tens of thousands $ in your poket. Need $20k-$40k of shelters rebuilt, but only have $100k of equity? I cant believe there is a club upset that Urban Sprawl might thrust a half million unwanted dollars into their hands in the next few years. I would suggest buying a Lotto Ticket, but it appears you have already won. Sprawl only gets you kicked out. You only gain if you do have equity and can move . And right now, we are so far out of town, that a faction broke off and formed a new club closer to town on city land. So maintaining an adequate membership becomes more difficult the farther out of town you move. Some of our members now drive over an hour even though there are clubs closer to their homes, God bless them. We loose many more and the we could default on the loan and it would revert to the seller/ financer. It would be very nice if our situation was as you describe. The main point of my post above was that time is not on our side. To maintain our membership and keep the club strong , we need to offer a top notch facility, as Horrace mentioned. If a second mortgage was possible, which I doubt it is, we could use any theoretical equity to improve the site. I would certainly support this. But our present dues are consumed by the first mortgage now. How would this work ? How do you borrow more, when you can barely afford your payments? If higher dues would allow this to happen, as I said above, I would support it. IF there is another way to extract this 100k that you mention, please tell us how. |
RE: Ike Aftermath
Friday evening, Sept 26th. There are now 433K people left without power. Grocery stores appear normal, but are having runs on red meat and other goods. Gas stations seem normal. They are starting to find some of the Bolivar victims in Chambers county in debris fields. Galveston still closed. Tree debris still lines the streets. An unusual amount of mosquitos.
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RE: Ike Aftermath
ORIGINAL: PilotFighter The amount of equity is a matter of opinion. Many believe it is actually negative. Hard to borrow when you are upside down. I personally believe there is real equity, but it is nearly equal to the amount of concrete poured at the site to date. Kinda break even, if you will. Sprawl only gets you kicked out. You only gain if you do have equity and can move . And right now, we are so far out of town, that a faction broke off and formed a new club closer to town on city land. So maintaining an adequate membership becomes more difficult the farther out of town you move. Some of our members now drive over an hour even though there are clubs closer to their homes, God bless them. We loose many more and the we could default on the loan and it would revert to the seller/ financer. It would be very nice if our situation was as you describe. The main point of my post above was that time is not on our side. To maintain our membership and keep the club strong , we need to offer a top notch facility, as Horrace mentioned. If a second mortgage was possible, which I doubt it is, we could use any theoretical equity to improve the site. I would certainly support this. But our present dues are consumed by the first mortgage now. How would this work ? How do you borrow more, when you can barely afford your payments? If higher dues would allow this to happen, as I said above, I would support it. IF there is another way to extract this 100k that you mention, please tell us how. Yes we received some donations from Violet Jet models and Dub Jet engines, however over the years and over my objections those funds were simply moved into the operating funds. I am a trouble maker. :eek: Unfortunately, I could not be both banker and officer of Jetero. My attorney wanted me out of that officer job immediately, however I gave it a year to get things going. After that, Jetero was on its own, made a go of it, even though the Fighter Field (Chartered under Lone Star RC Club) bunch tried every trick in the book to hold us back. (For the uninformed: Jetero broke into two factions: Jetero RC, Inc. which was a true club with elected officers, and Lone Star RC which was 10 guys providing a bare facility for profit, with "members" :eek: having no say in the administration thereof.) As the time passed along, after about 6 years, the Jetero officers became more interested in a so-so club for their benefit with little or no concern for maintaining a first-class club. Since you do not normally attend meetings, don't come to events, and I don't recall you attending any work-days, LIKE TODAY, how do you, Barney, compensate for not being there fighting for a hard surface runway? I definitely want one. I have tried to sell it but now Jetero is just a run-of-the-mill club with a bunch of sport fliers. Dues have remained the same for some 8 years now, and the current Executive Committee will not consider an increase. To the best of my knowledge, there are no fliers in Jetero that really want a hard-surface runway. Even with the big profits resulting from the first two annual Pattern Contests, the Ex. Comm. doesn't now support the CD, insuring adequate help available and that event is turning down fast. Have you been there to help, Barney? Have I cooked you one of my fancy hamburgers? Today we had a big work day and tomorrow is another. We had some 20 of 112 adult members show up to work. It went far better than I imagined. We recovered, separated, cut beams, and piled a whole lot of scrap metals for ready to be hauled off. The Kitchen area is reset. The water well still works using a generator. Where was Barney? Maybe tomorrow?? We have 3,700 sq. ft. of concrete without a shelter. The 1000 sq. ft. kitchen has it's shelter, but repairs are needed although now safe to use. Barney you say you will support a dues increase. Last night after the meeting, I spoke with the Pres. et al. that I would provide up to $25,000.00, no interest, for a rebuild if Jetero placed an assessment on the membership to provide repayment in one year. That is actually a Promissory Note, no collateral. It's up to them. This past June, Jetero paid the annual note of slightly over $11,000.00. That covers Jetero intil June '09. There is now a CD in the bank to cover that one. That covers Jetero until June 2010. There is a CD in the bank to cover that note. That means that Jetero is solvent until June 2011. Dues income for 2009 will soon be coming in. Dues for 2010 will come next year. Then dues for 2011 will come in the fall of 2010. 3 years of dues, say 100 members at $150.00 per year, $15,000, equal to $45,000 income before the 2011 note, of $11,000.00. Where the _ell is the panic? Jetero RC, Inc is NOT near any default for its land. Maybe, Barney, if you don't listen so much to those that have no financial savy outside the news media's stock market reports, you could sleep better. ;) |
RE: Ike Aftermath
ORIGINAL: Hossfly ORIGINAL: PilotFighter The amount of equity is a matter of opinion. Many believe it is actually negative. Hard to borrow when you are upside down. I personally believe there is real equity, but it is nearly equal to the amount of concrete poured at the site to date. Kinda break even, if you will. Sprawl only gets you kicked out. You only gain if you do have equity and can move . And right now, we are so far out of town, that a faction broke off and formed a new club closer to town on city land. So maintaining an adequate membership becomes more difficult the farther out of town you move. Some of our members now drive over an hour even though there are clubs closer to their homes, God bless them. We loose many more and the we could default on the loan and it would revert to the seller/ financer. It would be very nice if our situation was as you describe. The main point of my post above was that time is not on our side. To maintain our membership and keep the club strong , we need to offer a top notch facility, as Horrace mentioned. If a second mortgage was possible, which I doubt it is, we could use any theoretical equity to improve the site. I would certainly support this. But our present dues are consumed by the first mortgage now. How would this work ? How do you borrow more, when you can barely afford your payments? If higher dues would allow this to happen, as I said above, I would support it. IF there is another way to extract this 100k that you mention, please tell us how. Yes we received some donations from Violet Jet models and Dub Jet engines, however over the years and over my objections those funds were simply moved into the operating funds. I am a trouble maker. :eek: Unfortunately, I could not be both banker and officer of Jetero. My attorney wanted me out of that officer job immediately, however I gave it a year to get things going. After that, Jetero was on its own, made a go of it, even though the Fighter Field (Chartered under Lone Star RC Club) bunch tried every trick in the book to hold us back. (For the uninformed: Jetero broke into two factions: Jetero RC, Inc. which was a true club with elected officers, and Lone Star RC which was 10 guys providing a bare facility for profit, with "members" :eek: having no say in the administration thereof.) As the time passed along, after about 6 years, the Jetero officers became more interested in a so-so club for their benefit with little or no concern for maintaining a first-class club. Since you do not normally attend meetings, don't come to events, and I don't recall you attending any work-days, LIKE TODAY, how do you, Barney, compensate for not being there fighting for a hard surface runway? I definitely want one. I have tried to sell it but now Jetero is just a run-of-the-mill club with a bunch of sport fliers. Dues have remained the same for some 8 years now, and the current Executive Committee will not consider an increase. To the best of my knowledge, there are no fliers in Jetero that really want a hard-surface runway. Even with the big profits resulting from the first two annual Pattern Contests, the Ex. Comm. doesn't now support the CD, insuring adequate help available and that event is turning down fast. Have you been there to help, Barney? Have I cooked you one of my fancy hamburgers? Today we had a big work day and tomorrow is another. We had some 20 of 112 adult members show up to work. It went far better than I imagined. We recovered, separated, cut beams, and piled a whole lot of scrap metals for ready to be hauled off. The Kitchen area is reset. The water well still works using a generator. Where was Barney? Maybe tomorrow?? We have 3,700 sq. ft. of concrete without a shelter. The 1000 sq. ft. kitchen has it's shelter, but repairs are needed although now safe to use. Barney you say you will support a dues increase. Last night after the meeting, I spoke with the Pres. et al. that I would provide up to $25,000.00, no interest, for a rebuild if Jetero placed an assessment on the membership to provide repayment in one year. That is actually a Promissory Note, no collateral. It's up to them. This past June, Jetero paid the annual note of slightly over $11,000.00. That covers Jetero intil June '09. There is now a CD in the bank to cover that one. That covers Jetero until June 2010. There is a CD in the bank to cover that note. That means that Jetero is solvent until June 2011. Dues income for 2009 will soon be coming in. Dues for 2010 will come next year. Then dues for 2011 will come in the fall of 2010. 3 years of dues, say 100 members at $150.00 per year, $15,000, equal to $45,000 income before the 2011 note, of $11,000.00. Where the _ell is the panic? Jetero RC, Inc is NOT near any default for its land. Maybe, Barney, if you don't listen so much to those that have no financial savy outside the news media's stock market reports, you could sleep better. ;) I'm very pleased to hear that you managed to work out a deal to finance the upgrades that you and I both want. Congradulations !:D Sorry I didn't make it out there today, but I had a doctors appointment smack dap in the middle of the day and several other chores before and after. Work before play. We don't all have every day off, you know. Some of us actually work more than 80 hours per month.:D I've never heard the Fihgter Field story about holding back Jetero. I flew over there for years, and I never heard an ill word about Jetero from that gang. They seem very civil and just doing their own thing. However, a few of our members are now flying at the new Sport Flyers Field. Several still maintain dual memberships, but for how long is anyone's guess. I don't believe they have any ill feelings either, just concerns about the distance driven. KidEpoxy seems to think we should realize some huge equity and move further out. Besides the fact that I love our field and wouldn't want to leave it, the fear I expressed was that moving out even further would certainly hit us in the membership total . I don't correlate this to the stock market at all. But expensive gas and short evenings after work make travelling further to fly impossible for many. The person I believe mislead many of us about the future of the Jetero Club was the president when we voted to make the purchase. I didn't name him. I'm certain that you remember his name. |
RE: Ike Aftermath
PF. The person I believe mislead many of us about the future of the Jetero Club was the president when we voted to make the purchase. I didn't name him. I'm certain that you remember his name. They forgot I read the rules. Those Jetero Bylaws recently written by a prominent FF attorney, now deceased, allowed business to be conducted at a special meeting. They also denied club membership after Dec. 31, even though they allowed flying priveleges until Jan. 31. That was great. Back then we met at the civic center. Lots of room. Maybe you remember. I went over the several sites that Dick and I along with several other members had located. There were charts. The vote gave me the authority to make the deal subject to a committee review with report to be made at the Jan. regular meeting. The FF gang arrived and set up their seating arrangements like Battleship Row, planning to nix the whole thing. Well, as a corporate president, corporate law charges the Pres. with protecting corporate assets. I did so by not letting "non-members" vote, and most of that gang had not paid '96 dues to Jetero. I do admit they took it fairly well and did not raise as much stink as I thought they would do. [8D] We were on our way! Sorry Horrace, I didn't realize I was blaming you for anything. I don't quite understand that comment. Now, just maybe Ike has again given us a new challenge. So it's time to say what you want. :) |
RE: Ike Aftermath
Pilotfighter-
KidEpoxy seems to think we should realize some huge equity and move further out no, KidEpoxy said you could get money to rebuild your shelters, and he said even if you get forced out by urban sprawl you'd be sitting pretty: 2nd Mortgage? Heck no, RE-FINANCE to pull equity rather than borrow against it. Same or lower payments, extended term, with tens of thousands $ in your poket. Need $20k-$40k of shelters rebuilt, but only have $100k of equity? I cant believe there is a club upset that Urban Sprawl might thrust a half million unwanted dollars into their hands in the next few years. I would suggest buying a Lotto Ticket, but it appears you have already won |
RE: Ike Aftermath
I was at the meeting Horrace and Dick Mundee was the president. He was running the meeting. Anyway, he is the one that made it very clear to many of us that he was into jets now and he would see to it that a hard runway was the first priority. He is the one that said that. Then when the land was purchased, all the money went for grading and crushed concrete and hydro-seeding, a well, etc, but no runway.
Fighter Feild had been established years earlier. Me and the other Pole Dodgers went and flew there a few times before we joined Jetero. We were at Jetero a couple of years before the club was kicked out of the land fill. So, I'm certain that Fighter Field was up and running long before that meeting. I don't understand your mention of them at that meeting. They had turned down an offer to merge the two clubs. End of story. Then the proposal for the current site went up for a vote. There were some in the club that wanted to wait and locate something, less grand, shall we say. But most of us wanted to own our field and not be kicked out anymore. You had found a good site, so we pulled the trigger. But you never promised the club any runway. You were neck deep in land deals and IRA stuff. Mundee is the man that promised me and other members a hard runway if we voted for your proposal. He ran the meeting. He was in charge. He is responsible for what he said and what he promised. Thats how I remember. And yes that was a great place to have meetings !! |
RE: Ike Aftermath
Horrace, were there two meetings?
And just to be clear: I don't blame you , Horrace. Geeze, you did all a person could possibly do for this club and more. And to tell you the truth, I guess I don't blame Dick or anyone else really. The membership just didn't/doesn't want a paved runway. Frankly, I gave up on that notion a long time ago. What I want now : I just want the club to survive. I guess its difficult for some people to understand the Houston land market. It only takes one land deal adjacent to us to cause a fuss about our noise. We do need to purchase all the land we can to create a buffer zone. And that priorty might preempt a hard runway for ever. So be it. We are pretty far out of town. We need to make our stand. And if thats the game plan, then I am for leveraging our land value to attain the amenities that keep the members coming back. You and I both know how high the turn over is. Its a catch 22. If you want to attract the most tallented modellers around, then you need a top notch facility. And without serious modellers, the facility doesn't need to be top notch. If we build it, will they come ? Will our freshmen stay and grow into the serious tallent? I can see the problem. I can ask the question. But I don't pretend to know the answer. And I doubt I can make a freshman understand my concerns. The club looks great to them. What is his problem? You and I both understand that we need a haven for the serious modellers and a venue. How do you make great things happen ? How do you make people aspire to be greater than they are or greater than those around them ? How do you promote excellence ? |
RE: Ike Aftermath
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ORIGINAL: Michael211 Red S., the linemen on the Entergy grid I've talked to *want* to put more hours in... They'd prefer to be assigned to the Centerpoint grid where they could make more money. Seven killed in Florida bus crash Police investigate an accident scene involving a school bus, a car and a truck near Lake Butler, Florida. Seven children were killed in the crash. Photo: AP/The Florida Times-Union |
RE: Ike Aftermath
A note to the Jettro club:
Several years ago our club decided to purchase land for a model field. Like you, it was way out in the country. However, before we made the purchase, we went to the county and had the land zoned specifically for the flying of model airplanes. Have you ever thought of having your property zoned in such a manner? |
RE: Ike Aftermath
Jim, this is TEXAS. No zoning here. In reality, I like that. Freedom to do as one wants makes life better, yet it also makes one more responsible for one's deeds. ;)
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RE: Ike Aftermath
When the Sanford Aero Modelers in Sanford Florida were in the first stages of getting a new field, the first major item on our to do list was to have the county zone us for model flying (R/C and Control Line) - which they did. However, it did cost us about $3000 in engineering drawings (signed off by a CE) as well as multi copies of the various documents and forms. It took a couple of months to complete the effort, but in the end we had it. The key was to get everything in order, make friends with the various county agencies, and work in and with the system - not against it.
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RE: Ike Aftermath
Zoning is a good idea. Looks to be expensive, but well worth it to perserve your flying field. Shouldn't be too difficult if it's out in the sticks.
Frank |
RE: Ike Aftermath
There is no zoning here, but we have purshased enough land to probaby stem any complaint, provided we use common sense.
Still 144k without power. That might sound like alot of people, but that is actually very impressive considering the size of Houston. In only 2 days, some of our amazing members have actually cleared the debris from the flying field and parking area. I though it was going to take weeks. This was some fairly heavy metal welded and bolted together with a good coating of rust and lots of sharp sheet metal screws. Emails are flying. Plans to rebuild are already being kicked around. The field is flyable. The weather is cooling. Life is good. To all the Jetero members that worked so hard to clear the debris, I wish to thank all of you and say that I owe you. barney |
RE: Ike Aftermath
Barney-
Good on you guys. As they say, when the goin' gets tough, the tough get goin.' Abel |
RE: Ike Aftermath
I believe that just about all power has been restored. At least to all the neighborhoods that didn't face the storm surge. Piles of tree debris still line the neigborhood streets waiting to be picked up.
The Jetero Club membership has started donating funds for rebuilding. Power has been restored to the flying site. We have water pumping, the toilets work. |
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