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241169 01/13/15 CITY OF CARMEL, INDIANA VENDOR: 363909 ONE CIVIC SQUARE VILLAGE FINANCIAL, LLC CHECK AMOUNT: $""""61,337.31' r° CARMEL, INDIANA 46032 ONE PEDCOR SQUARE CHECK NUMBER: 241 169 770 3RD AVE SW CHECK DATE: 01/13/15 CARMEL IN 46032 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 902 4460805 10715-1 61,337.31 RETAIL SITE #5 VILLAGE FINANCIAL, LLC AMENDED AND RESTATED INSTALLMENT PURCHASE AGREEMENT SECONDARY NUMBER ONE & SECONDARY NUMBER TWO NOTICE To: Carmel Redevelopment Commission Date: 1/7/2015 Payment Date: 1/15/2015 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: 7/15/14- 1/14/15 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 $ 442,448.07 $ 98,321.79 $ 540;769.86 Less: Semi Annual Threshold (17/185th) $ (351,540.00) $ (78,120.00) $ .(429,660.00) Available Increment for Interest Payment $ 90,908.07 $ 20,201.79 $ 111,109.86 INTEREST AMOUNT Total Interest Due for Period $ 61,337.31 $ 7,467.21 $ 68,804.52 Accrued Interest Previously Paid due to Forgivenness $ (7,467.21) $ (7,467.21) Interest Deferred Due to Unavailable Increment $ - $ - $ - CRC Total Actual Amount to Pay $ 61,337.31 $ (0.00) $ 61,337.31 TOTAL INSTALLMENT INTEREST PAYMENT DUE: $ 61,337.31 $ (0,00) S 61,337.31 Payment is due by the Carmel Redevelopment Commission to Village Financial, LLC by: January 15,2015 Prepared By: �Q.LL/LL�- x�-��-� S✓�t [1] On October 14,2014 as part of the old Shapiro's Building purchase,Installment Contract Secondary Number Two's principle,accrued interest, and deferred interest was forgiven. [2] For the current period,the Excess Increment after Threshold&VF Interest Payments is$42,305.34($11 1,109.86-$68,804.52). This amount will be added to the existing excess of$328,841.64 from previous periods,for a total of$371,246.98. INSTALLMENT PURCHASE AGREEMENTS(SECONDARY#I &#2) Bata Entry Required: PAYMEN I DETERMINATION SCHEDULE Siep 2: Once TIF Settlement is'avaiIable from Treasurer,the amount,received by the City for the Existing Improvement as defined by the Parcel Listi g shout be enured into appropriate '. Date 1/7/2015 period. May RE Taxes Paid/TIF Recv'd = Nov RE Taxes P.aid/TIF Recv'd= July.15 Payment Jan,15 Payment 1 1 -. 1 Ld:[kyi�':- 5 '^'"6_. .�.�_` -_ 1• .I 1• _ 1 ii��. _ _ 1 - - 11 .�• - I- - - ig 1'--;fy„fv Y�d Ham'' ,.i�• Y', ,-,�y'��.0 - .,� 3�1 ;"4 I' 'i}♦'� ♦I ,.W�'}' ��t.wf 11 y �s''�uiM.: a i�s:. ,.�S=p. ,�, „�:lA�t,�u.'F"'��v::'1s:. -6.: ?6 .�d�• �}. ♦.'la%am:Y?!y� '.�1: , 4L"i,:�'1": ;.5�`��j;�;�.�i ,�`'�;C�,k:_31� -"��'�..'l:. I y'��: .,�� :.• �,,"�.y 12/31/13 $ 271,129.25 42 01/15/14 $ 477,081.01 $ 340,194.00 $ 136,887.01 $ 83,70956 $ 83,709.56 _ $ 83,709.56 $ $ 271,129 25 41 07/15/14 :$':`t'488,358:98.- $ 429,660.00 $ 58,69898 $ 81,708.75 $ 58,698.98 $ 58,698.98 $ 23,00977 $ 294,13902 10/14/14 ", $ - $ - $ - $ (92,532 79) $ 201,60623 40 01/15/15 540;769.86. $ 429,660.00 $ 111,109.86 $ (7,467.21) $ 68,804 52 $ 61,337.31 $ 61,337.31 $ $ 201,606 23 W 39 07!15115 ''$ - $ 463,233.00 $ - $ 63,710.19 $ - $ - $ 63,710.19 $ 265,316.42 p 38 01/15/16 ;$'' $ 463,233.00 $ $ 64,050 00 $ $ $ 64,050.00 $ 329,366.42 4 37 07/15/16 a$ ": $ 514,569.00 $ $ 63,350 00 $ $ $ 63,350.00 $ 392,716.42 F 36 01/15/17 ;,$ - " $ 514,569.00 $ $ 64,050 00 $ $ $ 64,050.00 $ 456,766.42 35 07/15/17 , $ 523,311.00 $ $ 63,35000 $ $ $ 63,350.00 $ 520,116.42 34 01/15/18 ,$ $ 523,311.00 $ $ 64,050.00 $ $ $ 64,050 00 $ 584,166.42 33 07/15/18 $. . $ 545,212.00 $ $ 63,350.00 $ $ $ 63,350.00 $ 647,516 42 32 01/15/19 :$ $ 545,213.00 $ $ 64,050.00 $ 140,625.00 $ $ $ $ 64,050.00 $ 711,566 42 31 07/15/19 ,.$,, t $ 562,650.00 $ $ 63,350.00 $ 145,161.29 $ $ $ $ 63,350.00 $ 774,916.42 30 01/15/20 .',$„;; ti•,;l $ 562,650.00 $ $ 64,05000 $ 150,000.00 $ $ $ $ 64,050.00 $ 838,966.42 29 07/15/20 $'; y $ 576,646.00 $ $ 63,350.00 $ 155,17241 $ $ $ $ 63,350.00 $ 902,316.42 28 01/15/21 $ $ 576,647 00 $ $ 64,050.00 $ 160,714.29 $ $ $ $ 64,050.00 $ 966,366.42 27 07/15/21 $ } $ 592,875.00 $ $ 63,350.00 $ 166,666.67 $ $ $ $ 63,350.00 $ 1,029,716 42 26 01/15/22 $ $ 592,875 00 $ $ 64,050.00 $ 173,076.92 $ $ $ $ 64,050.00 $ 1,093,766.42 QO 25 07/15/22 $',. - $ 612,219.00 $ $ 63,350.00 $ 180,000.00 $ $ $ $ 63,350.00 $ 1,157,116.42 24 01/15/23 $ ' , $ 612,219.00 $ $ 64,050.00 $ 187,500.00 $ $ $ $ 64,050.00 $ 1,221,166.42 W 23 07/15/23 :$ ." $ 580,971.00 $ $ 63,350.00 $ 195,652.17 $ $ $ $ 63,350 00 $ 1,284,516.42 22 01/15/24 `$ $ 580,971.00 $ $ 64,050.00 $ 204,545.45 $ $ $ $ 64,050 00 $ 1,348,566.42 0 ' 21 07/15/24 '$ " " $ 569,206.00 $ $ 63,350.00 $ 214,285.71 $ $ $ $ 63,350 00 $ 1,411,916.42 ZO 20 01/15/25 ;'$` $ 569,207.00 $ $ 64,050 00 $ 225,000.00 $ $ $ $ 64,050 00 $ 1,475,966.42 L) 19 07/15/25 $• $ 588,271.00 $ $ 63,350 00 $ 236,842 11 $ $ $ $ 63,350.00 $ 1,539,316.42 CIO 18 01/15/26 $ $ 588,272.00 $ $ 64,050.00 $ 250,000.00 $ $ $ $ 64,050 00 $ 1,603,366.42 17 07/15/26 `$ $ 602,361.00 $ $ 63,350 00 $ 264,705.88 $ $ $ $ 63,350 00 $ 1,666,716.42 16 01/15/27 ;$'.' $ 602,361.00 $ $ 64,050 00 $ 281,250.00 $ $ $ $ 64,050.00 $ 1,730,766 42 15 07/15/27 i$ $ 598,408.00 $ $ 63,35000 $ 300,000.00 $ $ $ $ 63,350.00 $ 1,794,116.42 14 01/15/28 ..$ $ 598,409.00 $ $ 64,05000 $ 321,42857 $ $ $ $ 64,050.00 $ 1,858,166.42 13 07/15/28 ,$' $ 594,781.00 $ $ 63,350.00 $ 346,153.85 $ $ $ $ 63,350.00 $ 1,921,516.42 12 01/15/29 ..$ $ 594,78200 $ $ 64,05000 $ 375,000.00 $ $ $ $ 64,050.00 $ 1,985,566.42 11 07/15/29 :$ $ 486,436.00 $ $ 63,350.00 $ 409,090.91 $ $ $ $ 63,350.00 $ 2,048,916.42 10 01/15/30 $, $ 486,437 00 $ $ 64,050.00 $ 450,000 00 $ 204,891.64 $ 718,941.64 9 07/15/30 $;`. $ 434,310.00 $ $ 57,015.00 $ 450,000 00 $ 204,891.64 $ 711,906 64 8 01/15/31 $.,. $ 434,310.00 $ $ 51,240.00 $ 450,000.00 $ 204,891.64 $ 706,131.64 7 07/15/31 -$ $ 434,077.00 $ $ 44,345 00 $ 450,000.00 $ 204,891.64 $ 699,236 64 6 01/15/32 $ $ 434,078.00 $ $ 38,430.00 $ 450,000.00 $ 204,891.64 $ 693,321.64 C 5 07/15/32 '$ $ 424,638.00 $ $ 31,675.00 $ 450,000 00 $ 204,891.64 $ 686,566.64 4 01/15/33 -:S. - $ 424,638.00 $ - $ 25,620.00 $ 450,000.00 $ 204,891.64 $ 680,511.64 Z. 3 07/15/33 $• $ 472,161.00 $ $ 19,005.00 $ 450,00000 $ 204,89164 $ 673,89664 ` 2 01/15/34 •,$ $ 472,161.00 $ $ 12.810.00 $ 450,000 00 $ 204,891.64 $ 667,701.64 1 07/15/34 $ $ 468,906.00 $ $ 6,335.00 $ 450,000 00 $ 204,891.64 $ 661,226 64 Prepared By:,fayi -e Pk, S✓P Approved By: Prescribed by State Board of Accounts ACCOUNTS PAYABLE VOUCHER City Form 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 Villkqp ��i nn)l( '14I , tL ( Purchase Order No. ( 7O 5,yJ Terms hr MCI Z /V "I W*1 Date Due Invoice Invoice Description Amount Date Number (or note attached invoice(s) or bill(s)) lh�eri 5ew%a cr ftp u e 337,31 Total 6133 3( 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. j ALLOWED 20 VI II E'i gn6j&� L L IN SUM OF $ 770 3rd Ave 3 V krmd. T /V 402- s 032- $ (, 1)337" ON ACCOUNT OF APPROPRIATION FOR ash 02 Board Members DEPT a INVOICE NO. ACCT#!TITLE AMOUNT I hereby certify that the attached invoice(s), �Z %715-1 ()RO561 7?l or bill(s) is (are) true and correct and that the materials or services itemized thereon for which charge is made were ordered and received except 1- 9-2015 414- A n ur Cost distribution ledger classification if Title claim paid motor vehicle highway fund