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Home My WebLink AboutDraw 7 081214 , A FALCON NEST II , LLC ov July 11,2014 Diana L. Cordray Carmel Clerk Treasurer (317)571-2414 Via E-mail: DCordravcarmel.in,gov; csheeks @carmel.in.cov; john.alexanderareoions.com; jake.tavlor62starfinancial.com Re: Legacy TIF—Draw#7 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, gx- Rajai Zumot Member of SALT, LLC 1356 BEVERLY RD SUITE 250 • MCLEAN, VA •22101 PHONE: (703) 893-7233 • FAX: (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 TRUSTEE Pursuant to Section 4.3 of the Trust Indenture (the"Indenture") dated as of December I, 2013, between the City of Cannel, 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 $ 9,919.56 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. yp1' . 9 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, Me r of SALT,LLC approved: Cif CARMEL,INDIANA Aihrigg Diana L.Cordray,IAMC,Clerk-Treasur s i �t. 2 Legacy TIF Draw •....._ ApPlication No: i. 1 IIIIITiIIIIIi1II ......... Application Date: 11-Jul-14 i Prepared By: kety Tekulve 1 Telephone No: (3171863,2052 Amount: $ 9,919.56 ---- 4 Reference or Total Retalnage Invoice Work This Invoice . . Code Contractor/Payee Number -F— Completed Period Amount , 3 ,Crossroads Engineers 14398 $ 3,750.00 $ - I $ 3,750.00 -11toeppelwerth&Assocs., Inc 188929 $ 700.00 $ - $ 700,00 - 1Stoeppelwerth&Assocs., Inc 188964 $ 2,377,50 $ - -I $ 2,377.50 Stoeppelwerth&Assws., Inc 188963 $ 2,400.00 $ - ' $ 2,400.00 $ 9,227. 0 $ - •$ 9,227.50 jMene.gernent Fees 1048 1$ 69206 $ - $ 692.08 [$ 692:06 $ - $ 692.06 FTotal $ 9,919.66 $ - 1 $ 9,919.56 I $ (0,00) 1 i I -yet 1 PLATINUM PROPERTIES MANAGEMENT COMPANY, LLC INVOICE 1048 July 11,: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 $ 3,750.00 Weihe Construction, Inc. $ 5,477.50 Total Monthly Costs $ 9,227.50 Development Fee @ 7.5% $ 692.06 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 i -yam rr- _ cutim mi CrossRoad Engineers,PC 3417 Sherman Drive Beech Grove,IN 46107 317-780-1555 Platinum Properties Management Co.,LLC Invoice number 14398 Timothy Walter,P,E. Dale 07/0212014 9757 Westpoint Drive,Suite 600 Indianapolis,IN 46256 Project f2IVER.ROAD RECONSTRUCTION-TALL TIMBER RUN TO:146T1-I ST :,' For services performed May 30,2014 through June 27, 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 0:00 2.Preliminary Design Contract Amount 8,100.00 Percent Complete 100.00 Total Billed 8,100.00 Current Billed 0:00. 4.Phase I Final Design Contract Amount 37,500.00 Percent Complete 40.00 Total Billed 15,000.00 Current Billed 3,750.00 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 S Permit Application Contract Amount 1,000.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0:00 Platinum Properties Management Co.,LLC invoice number 14398 Invoice date 07/0212014 Page 1 of 3 Platinum Properties Management Co.,LLC invoice number 1439 3 Project RIVER ROAD RECONSTRUCTION-TALL TIMBER RUN TO 146TH ST. Dale 07/02/2014 Amount 8.Roadway Legal Descriptions Contract Amount 3.00 5,400.00 Percen•Complete 66:67 Total Billed 2.00 3,600.00 Current Billed 0.00 0.00 9.Phase I Monumentatlon 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 0.00 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 0.00 0,000 16.Wetland Permitting Contract Amount 2,000.00 Percent Complete 0.00 Total Billed 0.00 Current Billed 0.00 16a.Williams Creak-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 6;700.00 Percent Complete 0.00 Total Billed 0.00 • Current Billed 0.00 17:Construction:Cost Estimate-Preliminary Design Area Contract Amount 1,50000 • Percent Complete 100.00 Total Billed 1;500.00 Current Billed 0.00 • • • • Platinum Properties Management Co.,LLC Invoice number 14398 Invoice data 07/02/2014 Page 2of3 Platinum Properties Management Co.,LLC Invoice number 14398 Project RIVER ROAD RECONSTRUCTION-TALL TIMBER RUN TO 14t?TH ST. Oats 07/0212014 Amount 18.Construction Cost Estimate-Final CD Area Contract Amount 3,000.00 1 Percent Complete 0,00 Total Billed 0.00 Current Billed 0100 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 3,750.00 f�. .. Invoice total ( 3,750.00 y i Platinum Properties Management Co.,LIC Invoice number 14398 Invoice date 07/02/2014 Page 3of3 4 -:- ■ ST V E P P E: L r U E R 1 H ofc: 317.649.5935 7965 East 106th Street ;1' 1 fax: 317249.5942 Fishers,tndlana 46038.2505 ALWAYS ON www.stoeppelwerth,com • • FALCON NEST II,(,LC Invoice.number 188929 CIO PLATINUM PROPERTIES,LLC Date 06/05/2014 9757 WESTPOINT DRIVE SUITE 600 Project 55115PLA-M2A LEGACY-MASTER INDIANAPOLIS,IN 46258 INFRASTRUCTURE PHASE 2 Professional Services for the Period May2014 Contract Percent Total Prior Current • Description Amount Complete Billed Billed Billed • Preliminary Topographic Survey-Current Conditions 3,600.00 60.00 2,160.00 2,160.00 0.00 Overall Map 2,150.00 0.00 0.00 0.00• 0.00 Subtotal 5,750.00 37.57 2,160.00 2,160.00 0.00 • Final Design • Site Design'&Drainage.Analysis 3,350.00 100.00 3;350.00 3,350.00 0.00 Construction Document Preparation 4,750.00: 10000 4,750.00 .4,750.00 0.00 Project Management lPermitting 1,500.00 100.00 1;500.00 1,50000 0.00 WCC Coordination/Rev basin 2,350:00 100,00 2,35000 a 2,350.00 0.00 T1F-Storm Sewer Esmt Exhibits 2,190.00 35.00 766.50 786.50 0:00 Construction Plans-Change Order#1 4,350.00 100,00 4,350.00 4,350.00 0.00 Subtotal 18,490.00 92.30 17,066.50 17,066.50 0.00 Construction Services Staking-Pond#6 Area-(not to exceed) 1,950,00 100.00 1,950.00 1;950.00 0.00 Earthmoving 20,230.00 100.00 20;230.00 20,230.00 0.00 Watermaln 1,000.00 100.00 1,000.00 1,000,00 0.00 • Earthmoving 525.00 100.00 525.00 .525.00 0.00 Storm Sewer 2;350.00 100.00 2,350,00 2,350.00 0.00 Curbs&Pavement 2,380.00 100.00 2,380.00 2,380.00 0.00 Subtotal 28;435.00 10000 28,43500 28,435.00 0.00 Completion Certifications Lakes&Swales 2,850.00. 100.00 2,850.00 2,850.00 0.00 Watermain(Hydrant&Valve Locations only) 350.00 100.00. 350.00 350.00 0.00. Storm Sewers 2,470.00 100;00 2,470.00 2;470.00 0.00 Street Centerline Monuments 510.00 100.00 510.00 510.00 0.00 Subtotal 6,180.00 100.00 6,180.00 6,180.00 0.00 Floodplaln Flood Mitigation 3,500,00 100.00 3,500;00 2,800.00 700;00 - Floodplain Compensatory Storage Cross Sections 4,800.00 100.00 4,800.00 4,800.00 0.00 Additional Flood Mitigation Calculations 850,00 0.00 0.00 0.00 0.00 Subtotal 9,160.00 90.71 8,300.00 7,600.00 700.00 Additional Services 0.00 0.00 17,210.00 17,210.00 0.00 Total 68,005.00 116.68 79,351.50 78,651.50 700.00 FALCON NEST II,LLC Invoice number 188829 ProJr: 55i 5PLA,M2A:LEGACY-MASTER INFRASTRUCTURE PHASE 2 Date 06/05/20I4 L 1 -5e » 361 Invoice total 700.0Q Aging Summary " I(/ Invoice Number Invoice Date Outstanding Current Over 30 Over 60 Over 90 Over 12� 188929 06/05/2014 700.00 700.00 Total 700.00 700.00 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 Stoeppelwetth 4i 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. • • • 4 t ■ S T D P P E :W R T H ofc: 317.849.5935 7965 East 106th Street , 0 a fax: 317.849.5942 Fishers,indiana 46038-2505 ALWAYS 0 W www.stoeppatwerth.com FALCON NEST II,LLC Invoice number 188964 CIO PLATINUM PROPERTIES,LLC Date 06/06/2014 9757 WESTPOINT DRIVE SUITE 600 Project 55115PLA-CC2 OVERLOOK AT INDIANAPOLIS,IN 46256 LEGACY,SEC 2-CHERRY CREEK BOULEVARD Professional Services for the Period:May 2014 Contract Percent Total Prior Current Description Amount Complete Billed Billed Billed Final Design Construction Document Preparation 11,950.00 40.00 4.780.00 2,987:50 1,792:50 Project Management 1 Permitting 1,500.00 15.00 225.00 225.00 0.00 Coordination with Williams Creek Consulting 1,000,00 100 0.00 0.00 0.00 Micro Pool Design&Construction Plans 1,950.00 30.00 585.00 0.00 585.00 Subtotal 16,400.00 34.09 5,590.00 3,212.50 2,377.50 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 Monumentation 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 15.94 5,590.00 3,212.50 2,377.50 I vb- 3d invoice total ° ,2.377.50 Aging Summary ]� Itr Invoice Number Invoice Date Outstanding Current Over 30 Over 60 Over 90 Over i2 t 188964 06/06120/4 2,377.50 2,377.50 Total 2,377.50 2,377.50 0.00 0.00 0.00 0.00 FALCOI"NEST II,LLC nvoice number 188984 t roject 1a5115PLA•CC2 OVERLOOK AT LEGACY,SEC 2•CHERRY CREEK BOULEVARD Date 06/0612014 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. My invoices unpaid after 30 days shall incurs finance charge of one-and-one-half(1 '4)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 • tr- :- > ST Q E P P E E Y i( E R i i i afc: 3±7 49,5935 7985 East 106 h Street fax: 317.849.5.942 .Fishers,Indiana 46038-7505 A,lW A Y S'ON .www.sta.eppelwerth.com FALCON NEST fi,LLC Invoice number 188963 C/O PLATINUM PROPERTIES,LLC Date 06/06/2014 9757 WESTPOINT.DRIVE SUITE 600 Project 65115P1A-C.C3 MEADOW5_AT LEGACY, INDIANAPOLIS,IN 46256 SEC 3--CHERRY CREEK BOULEVARD Professional Services for the Period:May 2014 Contract Percent Total Prior Current Description Amount Complete Billed Billed Billed Final Design Construction Document Preparation 6,950.00 60.00 4,170.00 2,085.00 2,065.00 Project Management i Permitting 1,050.00 45.00 472.50 157.50 315.00 Subtotal 8,000.00 58.03 4,642.50 2,242.50 2,400.00 Construction Services Construction Staking 2,900.00 0.00 0.00 0:oo 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 Monumentation Street Centerline Monuments 450:00 040 0.00 O.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 34.78 4,642.50 2,242.50 2,400.00__ .ti--- L - Invoice total I 2,400,00 Aging Summary p� 11/ Invoice Number Invoice Date Outstanding Current Over 30 Over 60 Over 90 Ov 120 188963 06/0612014 2,400.00 2,400.00 Total 2,400.00 2,400.00 0.00 0.00 0.00 0.00 If any portion of this invoice is in dispute,it is the cllenrs responsibility to notify Stoeppelwerth R:Associates,Inc.in writing within thirty (30)calendar days from the date of the Invoice. The client remains responsible forpayirrg 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 IS)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.