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Home My WebLink AboutDraw 6 June 12, 2014 Diana L. Cordray Carmel Clerk Treasurer (317)571-2414 Via E-mail: DCordray ,carmel.in.gov; csheeksCa�carmel.in.gov; john.alexanderregions.com; iake.tavlor(c�starfinancial.com Re: Legacy TIF—Draw#6 Dear Diana: Attached please find the Legacy T1F 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, Rajai Zumot Member of SALT, LLC 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 TRUSTEE 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 $ 51,175.59 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; (b) 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 day of 20 . Pursuant to Section 4.3 of the Indenture the foregoing disbursement request is hereby FALCON NEST II LLC, an Indiana limited liability company By: SALT,LLC, Member By: Rajai Zumot, Member of SALT,LLC approved: CITY OF *•RMEL, I A NA Diana L. Cordray, IAMC, Clerk-Tr g rer G 2 ^Es i Y CROS ROAD E'4,GlA(EERSP�C: CrossRoad Engineers,PC 3417 Sherman Drive Beech Grove,IN 46107 317-780-1555 Platinum Properties Management Co.,LLC Invoice number - - "14332- --_ Timothy Walter, P.E. Date �' 06/05/2014 9757 Westpoint Drive,Suite 600 Indianapolis, IN 46256 •roject RIVER ROAD RECONSTRUCTION-T L TIMBER RUN TO 146TH ST. For services performed April 26,2014 through May 30,2014. --� PROMPT PAYMENT OF INVOICE IS APPRECIATED!! The services were provided in accordance with our proposal dated February 14,2014,and our Professional Services Agreement dated March 20,2014. Amount 1.Topographic Survey Contract Amount 16,500.00 Percent Complete 100.00 Total Billed 16,500.00 Current Billed 3,300.00 2.Preliminary Design Contract Amount 8,100.00 Percent Complete 100.00 Total Billed 8,100.00 Current Billed 7,290.00 4.Phase I Final Design Contract Amount 37,500.00 Percent Complete 30.00 Total Billed 11,250.00 Current Billed 11,250.00 5.Phase I Drainage Permitting Contract Amount 2,000.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 7.Phase I Rule 5 Permit Application Contract Amount 1,000.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 Piatinum Properties Management Co.,LLC Invoice number 14332 Invoice date 06/05/2014 Page 1 of 3 Platinum Properties Management Co.,LLC Invoice number 14332 Project RIVER ROAD RECONSTRUCTION-TALL TIMBER RUN TO 146TH ST. Date 06/05/2014 Amount 8.Roadway Legal Descriptions Contract Amount 3.00 5,400.00 Percent Complete 66.67 Total Billed 2.00 3,600.00 Current Billed 2.00 3,600.00 9,Phase I Monumentation Contract Amount 1,500.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 10.Preliminary Design for RAB @ Cherry Creek Blvd. Contract Amount 9,500.00 Percent Complete 100.00 Total Billed 9,500.00 Current Billed 9,500.00 13. Maintenance of Traffic to close traffic during Construction Contract Amount 3,000.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 14.Meetings Contract Amount 3.00 1,200.00 Percent Complete 33.33 Total Billed 1.00 400.00 Current Billed 1.00 400.00 16.Wetland Permitting Contract Amount 2,000.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 16a.Williams Creek-Natural Resource Assessment Contract Amount 3,100.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 16b.Williams Creek-Stormwater Consultation Contract Amount 5,700.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 17.Construction Cost Estimate-Preliminary Design Area Contract Amount 1,500.00 Percent Complete 100.00 Total Billed 1,500.00 Current Billed 0.00 Platinum Properties Management Co.,LLC Invoice number 14332 Invoice date 06/05/2014 Page 2 of 3 Platinum Properties Management Co.,LLC Invoice number 14332 Project RIVER ROAD RECONSTRUCTION-TALL TIMBER RUN TO 146TH ST. Dale 06/05/2014 Amount 18.Construction Cost Estimate-Final CD Area Contract Amount 3,000.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 19.Project Manual Contract Amount 2,500.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 21.Topographical Information-Final CD Area Contract Amount 800.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 23. 12"Water Main Relocation Design-new Eliz.Warner culvert to Community Dr. Contract Amount 4,900.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 Total 35,340.00 Invoice total r35,340.00 •110.1.1"Pr • Platinum Properties Management Co.,LLG Invoice number 14332 Invoice date 06/05/2014 Page 3 of 3 1 l0F Draw Application No.: 6 , Invoice i Work This ! Invoice Code 1 Contractor/Payee Number Completed Period : Amount $ 6.450.00 / $ (845.00)1 $ 5,805.00 , | i___- Management Fees | 146 | $ 3.872.80 | $ (1D2�21) $ 3.570.29 - ----- - -- -- �� i ' � 3.8 / 72.80 $ (182.21). $ 3.57U38 � ` ---! - -- ______ -_ 1 /To�| | / .�� ' (1'4��.�1 ! $ 51.17�59 � —'- / ---- - ---- ^ ------- - r------ ' 1 $ ... , , l o t 1 . - tr.. Manley Finish Gradin Inc. 1 r� w� DATE INVOICE# +r+ ,iaasa-Ci 5/23/2014 5774 1 7437 W. Banton Circle New Palestine, IN 46163 Phone & Fax (317) 895-8586 71 BILL TO FALCON NEST Il LLC C/O PLATINUM PROPERTIES 9757 WESTPOINT DR.SUITE 600 INDIANAPOLIS,IN.46256 P.O.No. TERMS PROJECT [legacy flats DUE ON RECEIPT LEG.FLATS QUANTITY [lESCRIP ilON RATE AMOUNT EROSION BLANKETS AT PERIMETER SWALE 9,516.00 9,516.00 FLATS ,� --../ FINE GRADE,INS TALL WETLAND SEED IN 7178.00 7,1 78.00 DIRT ARAES PERMANENT SEEDING AROUND PERIMETER 1,200.00 ./(l 1P 1,200.00 OF WETLAND POND �✓ STRAW �' ` MUCLH WETLAND AREA 1,950.00 , 1,950.00 MULCH PAD SEED AND STRAW LCH 3 ACRES -10%RETAINAGE __3,300.00/ 3,300.00 2,314.40 -2,314.40 \ ,--K\ \." . I Total $20,829.60 Erosion Control, Retaining Walls, Straw Mulch, flit Seeding, Wetland & Prarie Grass Seeding 1�1 AFFIDAVIT AND WAIVER OF LIEN FIN — AL _ X _PARTIAL X .PAYMENT TO FOLLOW JOHN MANLEY _being duly sworn,state that he/she is the PRESIDENT ._.w of MANLEY FINISH GRADING INC.))wing contracted with FALCON NEST II,LLC to famish.an�sh certain materials and/or labor as follows: INVOICE 5/23/14 for a project known as LEGACY. TOWN AND FLATS locavxi at CARMEL,IN and owned by FALCON NEST II,LLC ,and further states: ]PARTIAL WAIVER: that the balanc€ due by the owner is the sum of TWENTY;THOUSAND EIGHT HUNDRED TWENTY-NINE$0/100 - Dollars($20,829.60 ). __ Receipt of which is hers by acknowledged;or X The payment of which I.as been promised as the sole consideration for this Affidavit and Partial Waiver of Lien which is given to and for sail amount,effective upon receipt ofsucb paymen:, FINAL WAIVER: that the final ba lance due by the owner is the stun of Dollars( ._). Receipt of which is hereby ackno wledged;or The payment of which has been promised as the sole consideration for th..s Affidavit and Final Waiver of Lien which is given to and for said amount effective upon receipt of such payment. THEREFORE,the tmdersigned waives anc.releases unto the Owner of said premises any ar d all lien or claims whatsoever on the above described property and improve►nents thereon on account of labor or material or loth,furnished by th,r undersigned thereto,and further certifies that no oth+rr party has any claim or right to a lien on account of any work performed or material furnished to the undersigned for said project,and within the scope of this affidavit and waiver. MANLEY FINISH GRADING,INC._ co :' y Name AI l 1 •uth,orized Rep { entative PRESIDENT Title I WITNESS: .I . 'A." AX' Si nature LYNDA MANLEY Printed Name o I Witness ka x --r u t '4,4,,,,,04 ,4 , �- yy `fir Y, ,..+# > kR m�4 APPLICATION FOR PAYMENT PROJECT NAME: Legacy Towns 8 Flats Ph 11-Offefe OWNER: Falcon Nest It.LLC CONSTRUCTION MANAGER:Platinum Properties.LLC CO\TRACTOR:Manley°:ntsh Grading CONTACT: Fisj•r Zumot INVOICE NO: ADDRESS: 1356 Beverly Road,Suite 300 CONTACT:Tim Walter CONTACT:John Manley 5774 ADDRESS:9757 Westpoint Drive,Suite 600 APPUCATION DATE; 512312014 _ McLean,Virginia 22101 ADDRESS:7437 West Banton Circle RETAtNAGE: Phone: Indianapolis,tN 46256 New Palestine,tN 46163 'trial A a C, Cs D Phone: 317 818;2900 590.8817 M1 Phone: 317 895-8586 281.4947 m APPROVED 8Y: Project Cost Work Description Unit Scheduled E Total Completed 1=% J DATE: Code Code _ Work Completed Total Completed - % Previous Net Pay Price Value Previous This • And To Date Com I. Retains e This Period Retained PAY This Month Legacy Towns&Flats Ph II-Offsite Seeding,Grading&Erosion Control Lgy I 10c Erosion Control Blanket and Seed $0.13/sf $9,516.00 $9,516.00 Lgy I 104 $9,516.00 100ro $951.60 $951.60 $951.60 $8;5 Curb Inlet Protection $175/ea $1,575.00 $1,575.00 FN1 10a Perm Seeding and Grading $0.05/sf $2,000.00 FN1 106 Temp Seeding and Gradi $2.000.00 ng $0.03/sf $1,500.00 $1,500.00 FN 1 104 Silt Fence $1.20/If $1,104.00 $1,104.00 FN1 104 Yard Inlet Protection $75/ea $150.00 $150.00 SP 10t: Erosion Control Blanket $0.13/sf $9,620.00 $7,178.00 $7,178.00 75% $717.80 $717.80 $3.159.80 $6,460.20 SP 10d Sill Fence $1.20/11 $1,200.00 $1,200.00 {'- SP 13d Permanent Seeding 50.06/sf $1,200.00 $1,200.00 $1,200.00 100?b $120.00 $120.00 $120.00 .; 00 SP 13d Early Successional Wetland Mix $0.04/sf $18.000.00 $5,250.00 $5,250.00 29% $525.00 $525.00 SP 131 Stormwater Management Signs $13,275.00 $4 7 -00 9 g $100/ea $1,400.00 $1,400.00 TOTAL $47,265.00 $23,144.00 1 S23,144.00 499'0 _ $2314.40 $2,314.40 r $26,435.40 $20,828.60 PLATINUM PROPERTIES MANAGEMENT COMPANY, LLC INVOICE 146 June 12, 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 TIF Draw Summary of June 2014 Construction Costs: CrossRoad Engineers, PC $ 35,340.00 Manley Finish Grading $ 12,265.20 Total Monthly Costs $ 47,605.20 Development Fee @ 7.5% $ 3,570.39 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