Minutes of the Annual Meeting of the Power - New York Power ...

April, 24, 2007
Exhibit “11-B”
Bid Results for B-350 Sale (Q02-3998)
Unit Price Adjustment
(per Flight Hour
Bidder As-Received Pricing above or below 3350 hours)
Bell Aviation, Inc. $2,786,000 None required
Piedmont Hawthorne $2,727,000 None required
Aviation, LLC
dba Landmark Aviation
JNS Aircraft Sales, LLC $2,676,000 None required
Elliott Aviation Aircraft $2,555,555 $300 per hour
Sales, Inc.
above or below
Front Range Aviation, LLC $2,526,000 $500 per hour above;
$ 0 per hour below
Atlanta Jet, Inc. $2,500,000 $600 per hour above;
$327 per hour below
Note: Bidders’ qualifications, financial capabilities and exceptions to commercial terms and conditions will be
reviewed by Authority staff and a recommendation will be forwarded to the President and Chief Executive Officer
for award.
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