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HomeMy WebLinkAbout234642 07/08/14 O'L CITY OF CARMEL, INDIANA VENDOR: 363909 ONE CIVIC SQUARE VILLAGE FINANCIAL, LLC CHECK AMOUNT: $****58,698.98' CARMEL, INDIANA 46032 ONE PEDCOR SQUARE CHECK NUMBER: 234642 770 3RD AVE SW CHECK DATE: 07/08/14 CARMEL IN 46032 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 902 4460802 70314 10,672.54 PEDCOR 902 4460805 70314 48,026.44 RETAIL SITE #5 VILLAGE FINANCIAL, LLC AMENDED AND RESTATED INSTALLMENT PURCHASE AGREEMENT SECONDARY NUMBER ONE & SECONDARY NUMBER TWO NOTICE To: Carmel Redevelopment Commission Date: 7/3/2014 Payment Date: 7/15/2014 This document services as the written notice for the Installment Payment Due,in accordance with the Amended and Restated Installment Purchase Agreement(Secondary Number One)and the Amended and Restated Installment Purchase Agreement (Secondary Number Two)both executed as of October 1,2013 between The City of Carmel Redevelopment Commission and Village Financial, LLC. For the Period of: 1/15/14-7/14/14 INTEREST DUE SECONDARY SECONDARY NUMBER ONE NUMBER TWO TOTAL Outstanding Balance $ 4,500,000.00 $ 1,000,000.00 $ 5,500,000.00 Prorate Share 82% 18% AVAILABLE FUNDS FOR PAYMENT Semi Annual Existing Improvement Received $ 399,566.44 $ 88,792.54 $ 488,358.98 Less: Semi Annual Threshold(17/185th) $ (351,540.00) $ (78,120.00) $ (429,660.00) Available Increment for Interest Payment $ 48,026.44 $ 10,672.54 $ 58,698.98 INTEREST AMOUNT Total Interest Due for Period $ 66,852.61 $ 14,856.14 $ 81,708.75 Interest Deferred Due to Unavailable Increment $ (18,826.17) $ (4,183.59) $ (23,009.77) CRC Total Actual Amount to Pay $ 48,026.44 $ 10,672.54 $ 58,698.98 TOTAL INSTALLMENT INTEREST PAYMENT DUE: $ 48,026.44 $ 10,672.54 $ 58,698.98 Payment is due by the Carmel Redevelopment Commission to Village Financial, LLC by: July 15,2014 Prepared By:&� INSTALLMENT PURCHASE AGREEMENTS(SECONDARY#I &ti2) Data Eritry;;Requiied` . PAYMENT DETERMINATION Once TIF:Settlement:is;avail'able;&oni:;Trea"s6�er;t}e;amount received,;by Ute'City foi;t6e:_.R; SCHEDULE ,Step 2 'Existing Improvement as defined bv�the Parcel Ltsnng should be entered mto appropnate3.'` Dater 7i3/2014 :'penod 6' May RE.Taxes Paid/PiF Recv dt Nov RE Taxes Pazd/TIF',Rec�d July 15;Payment r. t, Jazi 1'S Payment Senn-Annual CRC J CRC Actual A'of Exisliq, A,cuia Interest Period PaNinern Improvement Rcruain Date Increnient f 7 1 85th) Increment Payment Pav cut Interest in VF foi-lin6Zst VF for Principal to Pav to VF Increment Period 31 IF � , 12/31/13 $ 271,129.25 42 01/15/14 $ 477,081.01 $ 340,194.00 $ 136,887.01 $ 83,709.56 '";'' ;'f, -`"`"''-'s:° $ 83,709.56 %''a't`' "r'"5:' $ 83,709.56 $ $ 271,129.25 41 07(15!14 $'.".488,358.98 $ 429,660.00 $ 58,698.98 $ 81,708 75 e l`, zr "'• $ 58,698.98 a,-; x ' $ 58,698.98 $ 23,009.77 $ 294,139.02 } �; 40 01/15115 $ $ 429,660.00 $ $ 78,676 81 _ $ $ $ 78,676.81 $ 372,815.83 39 07/15/15 ;$` $ 463,233.00 $ $ 77,427 78 77,427.78 $ 450,243.61 PW,* 38 01/15/16 $j $ 463,233.00 $ $ 78,283 33 t$t: s r,.c' $ 7 i' $ $ 78,283.33 $ 528,526.94 x 37 07/15/16 ', ,.;,•,e ulr, d i' 1 :. $ 514,569.00 $ $ 77,427.78 c Fe; :. #,i:+. i�`KF.'; mr ' 954.72 `' ' -�:'"'':'1't;, $ T�iz:;:. $ $ 77,4..7.78 $ 605, '.i:).'`, '.4Y-,?;. _ -�.�,iK=,vt*^y�- 'v_Prrx�. 36 01/15/17 "'$r' %';'"';' $ 514,569.00 $ $ 78,283.33 $ Fy:r ^'; :"' $ $ 78,283.33 $ 684,238.05 � 35 07/15/17 =$` r' �, $ 523,3!1.00 $ - $ 77,427.78 ' $ $ 77,427.78 $ 761,665.83 34 O1/15/18 ','i$• $ 523,311.00 $ $ 78,283.33 i- $ $ $ 78,283.33 $ 839,949.17 33 07/15/18 $, S 545,21200 $ $ 77,427.78 - $ $ $ 77,427.78 $ 917,376.94 32 01/15/19 -.-$:.;:[+1� •',,,.?: ;;-y°," $ 545,213.00 $ - $ 78,283.33 $ 171,875.00 - - %^'lt"'".`,: $ _ $ _ $ - $ 78,283.33 $ 995,660.28 £ 31 07/15/19 $ $ 562,650.00 $ $ 77,427.78 S 177,419.35 $ $ $ $ 77,427.78 $ 1,073,088.05 30 01115/20 $ S 562,650.00 $ $ 78,283.33 $ 183,33333 0 $ $ $ S 78,283.33 S 1,151,371.39 29 07/15/20 '$}•=- -. 4;":'} $ 576,646.00 $ $ 77,427.78 $ 189,655.17 $ $ $ $ 77,427.78 $ 1,228,799.17 'a':'`•? 28 01!15/21 $`,z"'„'`':.j'” = h;, $ 576,647.00 $ $ 78,283.33 $ 196,428.57 "3 1''% i'r=, $ $ $ $ 78,283.33 $ 1,307,082.50 27 07115/21 ,$ •( ::. 3 , ` $ 592,875.00 $ $ 77,42178 $ 203,703.70 c~aax: i�'r: $ $ $ $ 77,427.78 $ 1,384,810.28 26 01/15/22 $:.; ".r':'--.$r $ 592,87500 $ $ 78,28333 $ 211,538,46 _- ;_. $ $ $ $ 78,283.33 $ 1,462,793.61 25 07/15/22 $: S 612,219.00 $ $ 77,427.78 $ 220,000.00 >; .•«=r.; $ $ $ $ 77,427.78 S 1,540,221.39 24 01/15/23 :'$- ",7<'_ $ 612,219.00 $ $ 78,283.33 S 229,166.67 $ S $ $ 78,283.33 $ 1,618,504.72 $ 580,97100 $ $ 77,427.73 $ 239,130.43 "'">=;.';r' 'W:;'.0 23 07/15/23 '?$4'I?;,pl:'}a.,r; A': ;-,.. $ $ S $ 77,427.78 S 1,695,932.50 22 01/15/24 $.'' I';'-'' $ 580,971.00 $ $ 78,283.33 $ 250,000.00 $ $ $ $ 73,233.33 $ 1,774,215.83 $ 569,206"00 $ $ 77,427.78 $ 261,904.76 $ $ $ $ 77,427.78 S 1,851,643.61 (� y 21 07/15/24 $.r'.;'.,';..= ^, 20 01/15/25 _$-`;:,`:.`?';i:='''+. S 569,207.00 $ $ 78,283.33 $ 275,000.00 - $ 78,283.33 S 1,929,926.94 U 19 07/15/25 $' $ 588,271.00 $ $ 77,427.78 $ 289,473.63 $ $ $ $ 77,427.78 S 2,007,354.72 18 01/15/26 $ -- $ 588,27200 $ $ 78,283.33 $ 305,555.56 ;+ $ $ $ $ 78,283.33 S 2,085,638.05 17 07/15/26 $ $ 602,361.00 $ $ 77,427.78 $ 323,529.41 $ $ $ S 77,427.78 S 2,163,065.83 16 01/15/27 `'$' ';r`>- `.+''= ' $ 602,361.00 $ $ 78,283.33 $ 343,750.00 `- '" :`F'' $ $ $ $ 78,283.33 S 2,241,349.17 15 07/15/27 :$_`"":'',' ''-"= $ 598,408.00 $ $ 77,427.78 $ 366,666.67 = - $ $ $ $ 77,427.78 S 2,318,776.94 14 01/15/28 'i$" "''':".+='':r. $ 598,409.00 $ $ 78,283.33 $ 392,857.14 S $ $ $ 78,283.33 S 2,397,060.28 " 13 07115/28 $ 594,781 00 $ $ 77,427.78 $ 423,076.92 $ $ $ $ 77,427.78 S 2,474,488.05 12 0V]5/29 $,; ._ $ 594,782.00 $ $ 78,283.33 S 458,333.33 $ $ $ $ 78,283.33 $ 2,552,771.39 11 07/15i29 $:: $ 486,436.00 $ $ 77,427.78 $ 500,000.00 $ $ $ $ 77,427.78 $ 2,630,199.17 C 'FT 10 0I/15!30 S"; $ 486,437.00 ^S $ 78,283.33 $ 550,000.00 $ `263,0(9.92 ="r`;4'" °'` $ 391,303.25 4.r Q 9 07/15/30 $ $ 434,310.00 $ $ 69,685.00 $ 550,000.00 $ 263,019.92 $ 882,704.92 8 01/15/31 $ $ 434,310.00 $ $ 62,626.67 $ 550,000.00 $ 263,019.92 lOyti $ 875,646.58 $ 54,199.44 $ 550,000.00 $ 6_, '+''f` S 7 07/15/31 $ $ 434,077.00 $ 2 3 019.92 $ 867,219.36 a, .a>r 6 01/15/32 $ $ 434,078.00 $ $ 46,97000 $ 550,000.00 $ 263,019.92 "?,- $ 859,989.92 u� 5 07/15/32 $ $ 424,633.00 S $ 33,713.89 S 550,000.00 $ 263,019.92 $ 851,733.81 my 4 01/15/33 $ $ 424,638.00 $ $ 31,313.33 S 550,000.00 $ 263,019.92 $ 844,333.25 z« 3 07;15/33 $, $ 472,161.00 $ $ 23,228.33 S 550,000.00 $ 263,019.92 $ 836,248.25 raKk 2 01/15/34 $' $ 472,161.00 $ $ 15,656.67 $ 550,000.00 $ 263,019.92 $ 828,676.58 u' 1 07/15/34 $ $ 468,906.00 $ $ 7,742.78 $ 550,000.00 $ 263,019.92 '' ;. ,<.,:+.,.,,j; $ 820,762.69 Prepared By: Auw 1�tr Approved By: Z;z Z:z z E E a a s'9-'s'i s q s s €388888 338383888888888S3o ---------3--------- ---------- o ------------------ ------------ - o i --------------------------- ggggsg - - - - - - - - - - - - - - - - - - - - - - - �,3-§.§.§.9-§.§.§Jg.9.§§ . . . . . . . . . . . . . . . . . . . ESSES88 Prescribed by State Board of Accounts ACCOUNTS PAYABLE VOUCHER City Forth No.201(Rev.1995) CITY OF CARMEL An invoice or bill to be properly itemized must show: kind of service, where performed, dates service rendered, by whom, rates per day, number of hours, rate per hour, number of units, price per unit, etc. Payee 1 1 1n 11 I L Purchase Order No. -77y Terms Armtj , -I Date Due Invoice Invoice Description Amount Date Number (or note attached invoice(s) or bill(s)) i 0 Total 4•�� I hereby certify that the attached invoice(s), or bill(s), is (are) true and correct and I have audited same in accor- dance with IC 5-11-10-1.6. 20 Clerk-Treasurer VOUCHER NO. WARRANT NO. / ALLOWED 20 1 �nge �indnl6c�I: L� IN SUM OF $ 3rd Aire 56/ T& 46032 $ 616, ON ACCOUNT OF APPROPRIATION FOR LO -rotilc� Board Members PO#or INVOICE NO. ACCT#/TITLE AMOUNT DEPT.# I hereby certify that the attached invoice(s), 60 � or bill(s) is (are) true and correct and that 7 the materials or services itemized thereon for which charge is made were ordered and received except .7.7-- 20 Si naf4e Cost distribution ledger classification if Title 10 claim paid motor vehicle highway fund