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Home My WebLink AboutDraw 4 FALCON NEST II LLC • April 14, 2014 Diana L. Cordray Carmel Clerk Treasurer (317)571-2414 Via E-mail: DCordrav(r carmel.in.gov; csheeks car carmel.in.gov; kohn_alexanderc regions.com1 Iake.tavlor( starfnancial.com Re: Legacy TIF—Draw#4 Dear Diana: Attached please find the Legacy TIF draw for the current month, If everything is in order, please sign the Request for Disbursement Form and forward this draw to the Trustee. Also attached is a budget sheet that will track all costs to date, Please let me know if you have any questions. Sincerely, /7— Z!,<'/ Rajai Zumot Member of SALT, LLC 1356 131 V'1:.RI,1' RD SUITE 250 • MCLEAN, VA +22101 PHONE: (703) 893-7233 • FA.X.: (703) 893-5267 STATEMENT NO. 2 REQUESTING DISBURSEMENT OF FUNDS FROM PROJECT FUND PURSUANT TO SECTION 4.3 OF THE TRUST INDENTURE BETWEEN THE CITY OF CARMEL, INDIANA AND REGIONS BANK, AS TRl.1STEE Pursuant to Section 4.3 of the Trust Indenture (the "Indenture") dated as of December 1, 2013, between the City of Carmel, Indiana (the "Issuer") and Regions Bank (the "Trustee"), the undersigned, as the Authorized Representative (as defined in the Indenture) of the Company, hereby requests and authorizes the Trustee, as depository of the Project Fund created by and as defined in the Indenture to pay to the Company or to the person(s) listed on the Disbursement Schedule attached hereto out of the moneys on deposit in the Project Fund, the aggregate sum of S 8,336.63 to pay such person(s) or to reimburse the Company in full, as indicated in the Disbursement Schedule, for advances, payments and expenditures made by it in connection with the items listed in the Disbursement Schedule. In connection with the foregoing request and authorization, the undersigned hereby certifies that: (a) the costs of an aggregate amount set forth in this written request have been made or incurred and were necessary for the construction of the Project and were made or incurred in accordance with the construction contracts, plans and specifications, or purchase contracts therefor then in effect or that the amounts set forth in such written request are for allowable Costs of Construction of the Project; (h) the amount paid or to be paid, as set forth in this written request, is reasonable and represents a part of the amount payable for the Costs of Construction of' the Project all in accordance with the cost budget; and that such payment was not paid in advance of the time, if any, fixed for payment and was made in accordance with the terms of any contracts applicable thereto and in accordance with usual and customary practice under existing conditions; (c) no part of said costs was included in any written request previously filed with the Trustee under the provisions hereof; and (d) such costs are appropriate for the expenditure of proceeds of the Bonds under the Act. This statement and all exhibits hereto, including the Disbursement Schedule, shall be conclusive evidence of the facts and statements set forth herein and shall constitute full warrant, protection and authority to the Trustee for its actions taken pursuant hereto; and This statement constitutes the approval of the Company of each disbursement hereby requested and authorized. IN WITNESS WHEREOF, the authorized representative of the Company has set his hand as of the 2f day of 20 /Y. FALCON NEST II LIC, an Indiana limited liability company By: SALT, LLC, Member I3y: Rajai Zumot, MeMber of SALT. LLC Pursuant to Section 4.3 of the Indenture the foregoing disbursement request is hereby approved: CITY 0 C ' le Diana L. Cworay, /AMC, Clerk- ' /ayurer , 3 � Legacy TIF Draw Application No 4 Application Date: 14-Apr-14 Prepared By: Kathy Tekulve Telephone No (317) 863-2052 Amount : $ 8,336.63 Reference or Total Retainage Invoice Work This Invoice Code Contractor 1 Payee Number Completed Period Amount 2 Williams Creek Consulting 1403009 $ 2,300.00 $ 2,300.00 $ 2,300.00 : $ - $ 2,300.00 3 Stoeppelwerth &Assocs., Inc. 187666 $ 3,212.50 $ - $ 3,212.50 Stoeppelwerth &Assocs., Inc. 187663 $ 2,242.50 : $ - $ 2,242.50 $ 5.455.00 I $ - $ 5,455.00 Management Fees 1041 $ 581.63 $ - $ 581.63 • $ 581.63 $ - $ 581.63 Total $ 8,336.63 $ - $ 8,336.63 • $ 0.00 1 of 1 PLATINUM PROPERTIES MANAGEMENT COMPANY, LLC INVOICE 1041 April 14, 2014 Zumot Real Estate Management, Inc. rzumot @zumot.net Falcon Nest II, LLC 1356 Beverly Road Suite 300 McLean, VA 22101 Re: Development Service Fees - The Legacy TIE Draw Summary of April 2014 Construction Costs: Williams Creek Consulting $ 2,300.00 Stoeppelwerth & Assocs., Inc. $ 5,455.00 Total Monthly Costs $ 7,755.00 Development Fee @ 7,5% $ 581.63 Please remit payment to: Platinum Properties Management Company, LLC 9757 Westpoint Drive,Ste 600 Indianapolis, IN 46256 9757 Westpoint Drive,Suite 600, Indianapolis, IN 46256 (317) 818-2900 Williams Creek Consulting,Inc. 619 N.Pennsylvania Street Indianapolis, Indiana 46204 Office Phone: 317.423.0690 Fax:317.423,0696 WILLIAMS CREEK CONSLATING March 31,2014 Tim Walter Project No: 01.0565A1 Falcon Nest II, LLC Invoice No: 1403009 CIO Platinum Properties 9757 Westpoint Drive Suite 600 771-- Indianapolis,IN 46256 Project 01.0565.A.1 FALCON:Legacy Consulting Services PrdA.Slio_naLServiceslrom March 01.2014 to Mardi 31.2014 phase 01T Dry Detention Basin 0.00 phase 02F Stormwater Planning&Design Assistance Phase Two Master Infrastructure Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Earned Billing Billing SW Planning&Design 6,000.00 100.00 6,000.00 6,000.00 0.00 Assist Phase Two Total Fee 6,000,00 6,000.00 6,000.00 0.00 Total Fee 0.00 0.00 phase 03T Client Requested Meetings 0.00 phase 04F Lake 1 Modifications Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Earned Billing Billing Lake 1 Modifications 4,900.00 100.00 4,900.00 4,900.00 0.00 Total Fee 4,900.00 4,900.00 4,900.00 0.00 Total Fee 0.00 0.00 phase 05F Lake 2 Modifications Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Earned Billing Billing Lake 2 Modifications 6,750.00 100.00 6,750.00 6,750.00 0.00 Total Fee 6,750.00 6,750.00 * 6,750.00 0.00 Total Fee 0.00 • Project 01.0565��I FALCON:Legacy Consulting Services Invoice 1403009 0.00 phase 06T Master Infrastructure Phase II Revisions 0.00 phase 07T MIPII CD Revisions 0.00 phase 08T DD7&D08 Modifications 0.00 phase 09F Revisions to BMP planting plans Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Earned Billing Billing Revisons to BMP plating 3.500.00 100.00 3.500.00 3.500.00 0.00 plans Total Fee 3.500.00 3.500.00 3.500.00 0.00 Total Fee 0.00 0.00 phase 1OF Community Drive Overtopping Ailalysis Fee Percent Previous Fee Current Fee Billing Phase Fee Complete Earned Billing Billing Community Drive 4.100.00 100.00 4.100.00 4.100.00 0.00 Overtopping Analysis Total Fee 4.100.00 4.100D0 4.100.00 0.00 Total Fee 0.00 0.00 phase 11F Cherry Creek Boulevard Crossing Fee Percent Previous Fee Current Fee Billing Phase . Fww Complete Earned Billing Billing Cherry Creek Boulevard 2,300.00 100.00 2.300.00 0.80 2.300.00 Crossing Total Fee 2.300.08 2.300D0 0.00 2.300.00 Total Fee 2.300.00 $2,300.00 Total this Invoice '$i3--0--' „J tl0V ' //\(/ / / � Page 2 • 4 -:- > S T O E P P E L W E R T H ofc: 317.849.5935 7965 East 106th Street , a A Y S O N A l'N fax: 317.849.5942 Fishers,Indiana 46038-2505 www.stoeppelwerth.com FALCON NEST II, LLC Invoice number 187663 CIO PLATINUM PROPERTIES, LLC Date 04/03/2014 9757 WESTPOINT DRIVE .•-7-1 •:.: SUITE 600 Project 55115PLA-CC3 MEADOWS AT LEGACY, INDIANAPOLIS, IN 46256 SEC 3-CHERRY CREEK BOULEVARD Professional Services for the Period: March 2014 Contract Percent Total Prior Current Description Amount Complete Billed Billed Billed Final Design Construction Document Preparation 6,950.00 30.00 2,085.00 0.00 2,085.00 Project Management!Permitting 1,050.00 15.00 157.50 0.00 157.50 Subtotal 8,000.00 28.03 2,242.50 0.00 2,242.50 Construction Services Construction Staking 2,900.00 0.00 0.00 0.00 0.00 Subtotal 2,900.00 0.00 0.00 0.00 0.00 Completion Certifications Ditch in center of Boulevard 650.00 0.00 0.00 0.00 0.00 Streets 950.00 0.00 0.00 0.00 0.00 Digital GIS Submittal 400.00 . 0.00 0.00 0.00 0.00 Subtotal 2,000.00 ,. 0.00 0.00 0.00 0.00 Mon umentation Street Centerline Monuments 450.00 0.00 0.00 0.00 0.00 Subtotal 450.00,,.... 0.00 0.00 0.00 0.00 Additional Services 0.00 0.00 0.00 0.00 0.00 Total 13,350.00 16.80 2,242.50 0.00 2,242.50 �/' , �' t ' �_ , •-c: , j t t� Invoice total t 2,242.50 Aging Summary �� ;.�' (1 t Invoice Number Invoice Date Outstanding Current Over 30 Over 60 Over 90 Over 120 r 187663 04/03/2014 2,242.50 2,242.50 Total 2,242.50 2,242.50 0.00 0.00 0.00 0.00 If any portion of this invoice is in dispute, it is the client's responsibility to notify Stoeppelwerth&Associates, Inc. in writing within thirty (30)calendar days from the date of the invoice. The client remains responsible for paying the undisputed portion of the invoice by the due date. Any invoices unpaid after 30 days shall incur a finance charge of one-and-one-half(1 .)percent of the invoiced amount per month,excepting any disputed portion of the invoiced amount. Payment thereafter shall be applied first to accrued interest and then to the unpaid principal amount. a -i- > S T O E P P E L W E R T H ofc: 317.849.5935 7965 East 106th Street \\::_v-___," A fax: 317.849.5942 Fishers,Indiana 46038-2505 A L W A Y S O N www.stoeppeIwerth.com FALCON NEST II, LLC Invoice number 187666 C/O PLATINUM PROPERTIES, LLC Date 04/03/2014 9757 WESTPOINT DRIVE Ee- SUITE 600 Project 55115PLA-CC2 OVERLOOK AT INDIANAPOLIS, IN 46256 LEGACY,SEC 2-CHERRY CREEK BOULEVARD Professional Services for the Period: March 2014 Contract Percent Total Prior Current Description Amount Complete Billed Billed Billed Final Design Construction Document Preparation 11,950.00 25.00 2,987.50 0.00 2.987.50 Project Management/Permitting 1,500.00 15.00 225.00 0.00 225.00 Coordination with Williams Creek Consulting 1,000.00 0.00 0.00 0.00 0.00 Micro Pool Design&Construction Plans 1,950.00 0.00 0.00 0.00 0.00 Subtotal 16,400.00,' 19.59 3,212.50 0.00 3,212.50 Construction Services Construction Staking 9,000.00 0.00 0.00 0.00 0.00 Subtotal 9,000.00; 0.00 0.00 0.00 0.00 Completion Certifications Ditch in center of Boulevard 1,300.00' 0.00 0.00 0.00 0.00 Storm Sewers 1,800.00' 0.00 0.00 0.00 0.00 Sanitary Sewers(Including Lateral &Clean Out 170.00 0.00 0.00 0.00 0.00 Locations) Streets 1,900.00 0.00 0.00 0.00 0.00 Digital GIS Submittal 950.00 0.00 0.00 0.00 0.00 Subtotal 6,120.00 0.00 0.00 0.00 0.00 Monurnentation Street Centerline Monuments 2,040.00 / 0.00 0.00 0.00 0.00 Concrete Monuments 1,500.00 `/ 0.00 0.00 0.00 0.00 Subtotal 3,540.00 0.00 0.00 0.00 0.00 Additional Services 0,00 0.00 0.00 0.00 0.00 Total 35,060.00 9.16 3,212.50 0.00 3,212.50 /' J j( f'(ti "- ') ° .„..2 Invoice total HIM � 1Aging Summary ,'�1t � Invoice Number Invoice Date Outstanding Current Over 30 Over 60 Over 90 Over ti0 187666 04/03/2014 3,212.50 3,212.50 Total 3,212.50 3,212.50 0.00 0.00 0.00 0.00 FP NEST IL LLC Invoice number 187666 P . °55115PLA•CC2 OVERLOOK AT LEGACY,SEC 2-CHERRY CREEK BOULEVARD Date 04/03/2014 • if any portion of this invoice is in dispute, it is the client's responsibility to notify Stoeppelwerth&Associates, Inc. in writing within thirty (30)calendar days from The date of the invoice. The client remains responsible for paying the undisputed portion of the invoice by the due date. Any invoices unpaid after 30 days shalt incur a finance charge of one-and-one-half(1 Y2)percent of the invoiced amount per month, excepting any disputed portion of the invoiced amount. Payment thereafter shall be applied first to accrued interest and then to the unpaid principal amount.