Pan Progress Report Jan. 2000
Pan Progress, report #3
Those of you who were at the December meeting got a chance to see the wooden body framework in its nearly completed state. For those of you who were not at the meeting, Roy Bernick and I were able to bring the body framework to display at our meeting as we felt it was important for the membership to see what a piece of workmanship we've been talking about the past three months. By the time you read this, the final shaping of the wood should be completed; then everything disassembled for gluing and final assembly.
The next step in the restoration process involves the repair and fabrication of the body sheet metal. When the body was dissembled to start the wood restoration, it was discovered that the previous body metal restoration work was also done unsatisfactorily. At the December board meeting it was decided we would continue the restoration work rather than stopping and then restarting the work at a later date. However, to do this requires the club to secure additional funding. Several options for securing the necessary funds were discussed and it was decided that since this is a club project and since members have expressed interest in being involved in the restoration, the club would borrow the funds from its members. Local area snowmobile clubs have used this method of funding very successfully. The money is borrowed on a promissory note with a set interest rate and payments to be made once a year in amounts according to available funds. The amount to be in one thousand dollar increments with a limit of five thousand per individual. Duane Westberg and myself were requested by the board to be in charge of fund raising. It will be done privately and with no more than those officers necessary to know names and amounts. This may seem like a bold and daring move, but one the board feels is worth taking. It should be remembered that the club has a history of bold and daring moves. To fund the first car show the membership dug into their pockets and came up with the money, and everyone got paid back the day of the show. To finance the purchase of the Reno Pan, the club borrowed $10,000 dollars and two club members co-signed that loan and they didn't have to make a single payment. If you have any questions please contact Duane or myself directly.
On the home front, club members are continuing to work on chassis, suspension and drive train parts. The question continues to be asked, "how much is it going to cost to restore the car?" I honestly can't tell you, as the cost will greatly depend upon how much work we are able to accomplish ourselves and how much will need to be farmed out. However, I can tell you we don't plan to cut corners or use inferior materials in an effort to save a dollar or two. We plan to do it once and do it right.
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