The airport manager, a personal friend, has told me they do not have this A/C registered. This is a violation of the hanger lease with the township. In fact, the lease ($200.00 per year) is very specific on what you may store in the hanger. You may not store ground vehicles i.e. cars and trucks. Tractors (unless you use them as tugs)or other non-aviation related equipment. This airport has been here since 1947, and the leases are very specific, and for the money, you would be an idiot to bitch! That being said, this is a side issue not really what I asked, I only mentioned it because the owners should be motivated once the township starts enforcing the terms of the leases.
I really need to get some kind of ballpark idea what a '78 C-152, sans engine, would be worth in US $$$$???? I can't make a good case to my potential partner, nor an intelligent decision myself until this question is answered.
I do not know what paperwork the group has with the A/C, since they were planning on slamming their O-320 in it, I assume they have something, but our talks haven't got that far yet, I am trying to get my ducks in a row first. Given the current economy, and market, I assume they won't have potential buyers pounding on the shop doors.
If nobody here can answer this question, maybe one could point me in the right direction.
There are also some personality issues around this, the members of the restoration group are not happy with the airport manager (and vice-verse) and some of them are unhappy with me being assigned the AOPA ASN Rep there, because I happen to be a longtime friend of the airport manager, a guy that will not be bribed, intimidated nor told what to do!, and they believe I am his "spy". It's all very childish and idiotic, and there is a political component as well. So, I have been working on convincing the warring factions my only mission is to represent the AOPA ( a true statement) in protecting the airport from outside forces that seem to covet the property.
I may be peeing in the wind here, but if we can get the thing at the right price, get the group to do the necessary work on it to get it flying, it would be a dream come true. It has been a minefield so far tho. If it wouldn't be so handy, at my airport, I would have dropped it, but...a bird in the hand....
Fraternally;
KN