Current Rates and Requirements

High Planes Aero Club, Inc.

New - July 1, 2010

This document displays the current fees and costs of the club. These fees are subject to change at any time pending majority approval of the members.

Monthly Costs
$700 * [% ownership]1
Hourly Rate
$13 / hour + 11 * [ prior month's average fuel cost / gallon ]
Minimum Share Requirement
  1. An active member must hold a minimum of 10% ownership in the corporation
  2. An inactive member must hold any non-zero percent ownership in the corporation
1 Generally all owners will hold an equal number of shares. Unequal ownership is a special provision that must be approved by a majority of members and may place additional restrictions or benefits on those members.