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HomeMy WebLinkAboutClosing Documents Brookshire PoolType. Commercial Property' 12120 BROOKSHIRE PARKWAY CARMEL, IN 46033 (HAMILTON) Buyer(s)'. CITY OF CARMEL. INDIANA One Civic Square Cannel, IN 46032 Sellers) BROOKSHIRE SWIM CLUB, AN INDIANA CORPORATION 12120 Brookshire Parkway Cannel, IN 46033 Commercial • Central IN 11711 N. Pennsylvania St. Ste. 110 Carmel, IN 45032 (317) 571 -3330 COMBINED CLOSING STATEMENT s'rt'i Yt ooL File Number: 14-9969 Sales Prlee. $70,000.60 Close Date- 4/25(2014 Desddpron Debir Credit Debit Credit Deposits, Credits, Cebite Canton saes price $70,000.00 570.000.00 Pa ed Pato1 of firm mortgage loan to Leo J. O.erckman .. ';'� `.- $70,00000 Tille Charge O.e,i s coverage 170, 000.00 Picrnium 5483.00 to Meridian Title Corporation ..,5483.00. 1101 Closing Fee N Meridian Title Corpomoon ' `.5500.00_ Ruyen73onowerCPL to Fidelity National Title Insurance Company r,5 {Ir, - 125 004 1109 SearchlEea in/Commitment Production. Purchase to Meridian Title CertiOration 37 +'- `-S257 CO LIST to rideter National Title lnsuance Company i ROVFNn.. 55.00, Government Recording and manner Charges Recording Service Fee to Meridian Title Corporation _ '$50.001. Additional Senlnment Charges 7013 pay 7014 May 4,Novembe; Tar . Installments to Hamilton Count' Ireaeurer -> $1,301 ea .... Totals „ `_' ^_. $?2,631 La $0.00 $7000000 $?090000 BUYER(S) Cry or Cannel. Mena ''1alance Due FROM Buyer: 612,031.44 APPROVED AND ACCEPTED SELLER(S) Balance Due FROM Seller: Brooashire Swim Club, an Ind best wrporairon Signed Printed Tile 6000 File Number. 11-9965 1 of I MERIDIAN TITLE CORPORATION File No.: 14 -9969 Borrower(s) Nameisj: City of Carmel, Indiana Wire Instructions when wiring to Meridian Title Meridian Title Corporation 800.777.1574 Receiving Bank: Fifth Third Bank 38 Fountain Square Cincinnati, OH 45246 Phone, 800.375.1749 Federal Reserve ABA: 042000314 Beneficiary: Meridian Title Corporation 202 S. Michigan St., Suite 300 South Bend, IN 46601 Account Number: 7235997066 IMPORTANT REFERENCE: When placing the wire into our account, please make certain to reference the property address, if known, or reference a customer or project name so that we may appropriate the funds'accordingly. ACH will not be accepted. PLEASE CONFIRM IF INITIATING WIRE ONLINE THAT IT IS NOT BEING SENT ACH AS THIS IS NOT IN COMPLIANCE WITH THE GOOD FUNDS STATUTE Effective July 1, 2009, The Indiana House Enrolled Act 1374 requires that the money funding a real estate purchase and refinance transaction in Indiana is secure or "Good Funds ". The Act primarily requires the following: • Closing agents must deposit all funds received in connection with real estate transactions into an escrow account unless all the parties involved agree to another arrangement. • All funds in the amount of $10,000 or more, in the aggregate, received from any party to a real estate transaction must be wire funds unconditionally held and irrevocably credited to the closing agent's escrow account. Checks for the $10,000 or more are prohibited, this guarantees that money is immediately available for disbursement at closing to all parties involved. • Funds less than $10,000, in the aggregate, received from any party to the transaction, must be in the form of "good funds" as defined by the Act. • Closing agents are permitted to advance up to $500 from an escrow account to pay off specified incidental fees to facilitate the real estate transaction. • A lender whose mortgage is being paid off at closing may request that its payoff be in the form of wired funds as along as wired funds are deposited in the closing agent's escrow account in an amount sufficient to cover the payoff. (REV. DATE 7/7/2911) Fifth Third Bank, Transaction Receipt: 04/24/2014 10:14:04 AM EDT Tran #: 610924679 CITY OF CARMEL C/O WELLS FARGO BANK AS DEPOSITORY AGENT 1 CIVIC SQ CARMEL IN 46032 From Account DDA - PE PREMR NOW - XXXXXX3427 To Account(s) Account Name FIFTH THIRD BANK Account Transaction Number Amount Fee Effective'i Date DDA - COMM 53 ANLYZD ACCT OWNER: MERIDIAN XXXXXX7066 TITLE CORPORATION $72,631.44 Waived 04/24/14'.! Total: $72,631.44 Total Transaction Amount: $72,631.44 Commercial - Central IN 11711 N. Pennsylvania St., Ste. 110 Carmel, IN 46032 (317) 571 -3330 COMBINED FINAL CLOSING STATEMENT Type: Commercial Property'. 12120 BROOKSHIRE PARKWAY CARMEL, IN 46033 (HAMILTON) Buyer(s): THE CITY OF CARMEL, INDIANA One Civic Square Carmel, IN 46032 Seller(s). BROOKSHIRE SWIM CLUB, AN INDIANA CORPORATION 12120 Brookshire Parkway Carmel, IN 46033 File Humber: 14-9969 Sales Price: $70,000.00 Close Date: 4/25/2014 BUYER(S) The City of Carmel, Indiana fined Si ca- eAJG8zk(A 5 Printed Dfigavv /zor y j uiViST,24 -770.0 Title Balance Cue FROM Buyer: $72,631 44 APPROVED AND ACCEPTED SELLERS) ookshlre Swim Club, an Indiana corporation Balance Due FROM Seller: ned GC.Ict ;e,c4 Title $0.00 File Number: 14 -9909 1 of 1 Buyer Seller Description Debit Credit Debit Credit Deposits, Credits, Debits Contract sales price $70.000.00 $70.000.00 Payolts Payoff of first mortgage loan to Leo J. Dierckman $70,000.00 Title Charges Outwore coverage $70,000.00 Premium $483.00 to Meridian Title Corporation $483.00 1101 Closing Fee to Meridian Title Corporation $500.00 Buyer[Eonower CPL to Fidelity National Title Insurance Company $2500 1109 Search /Exam /Commitment Production - Purchase to Meridian Title Corporation $267.00 TIEFF to Fidelity National Title Insurance Company $5.00 Government Recording and Transfer Charges Recording Service Fee to Meridian Title Corporation $50.00 Additional Settlement Charges 2013 pay 2014 May 8 November Tax Installments to Hamilton County Treasurer $1,301.44 Totals $72,631.44 $0.00 $70,000 00 570.000.00 BUYER(S) The City of Carmel, Indiana fined Si ca- eAJG8zk(A 5 Printed Dfigavv /zor y j uiViST,24 -770.0 Title Balance Cue FROM Buyer: $72,631 44 APPROVED AND ACCEPTED SELLERS) ookshlre Swim Club, an Indiana corporation Balance Due FROM Seller: ned GC.Ict ;e,c4 Title $0.00 File Number: 14 -9909 1 of 1 APPLICATION FOR PROPERTY TAX EXEMPTION State Form 9284 (R7l 12 -101 Prescribed by Department of Local Government Finance FORM 136 Assessment date March 1 du14 County Hamilton INSTRUCTIONS: 1. Two copies of this form must be filed with the County Assessor of the county where the property is located. 2. This application must be Ned on or before May 15 of the assessment year and must be re-filed every even year unless the exempt property is owned, occupied, and used for educational, frtemfy scientific, religious, or charitable purposes and continuos to meet the requirements of 1C 6 -1.1 -10-16 or IC 6- 1.1- 10 -21. An application should be filed in any year in which an appeal to the Indiana Board of Tax Review or to a cowl for an exemption determination on the property is pending from any preceding year. 3. There is no Filing fee. 4, All questions on page 1, 2, end 3 must be answered. If the question does not apply, write N/A in the space provided. FAILURE TO PROVIDE THE REQUESTED INFORMATION MAY RESULT IN A DENIAL OF THE APPLICAVON FOR EXEMPTION. See page 5 for additional information. Name of owner claiming exemption City Of Carmel Address (number and street. city, state, and ZIP cede) One Civic Square, Carmel, IN 46032 Telephone number (317) 571-2628 E -mail address sm)ohnson ©carmel.in.gov Hereby petitions for exemption from taxation of the following described real estate and improvements and /or personal properly: LAND Date of assessment Marra 1 20 13 IMPROVEMENTS (BUILDINGS DLGF taxing district number Key number Legal Description Assessed Value Land and lots Description of Improvements (Name or describe each building) Personal property Assessed Value 12120 Brookshire Parkway 3 70,000 00 1- $ 2. $ Parcel Number 1610320000012201 8. $ Personal property assessment S Date of assessment Marra 1 20 13 Township / Taxing District located in Hamilton /Carmel /Clay DLGF taxing district number Key number Upon what uses or purpose do you b so the Nairn for exemption? El Charitable - pursuant to I.C. 6-1.1 -10-16. ❑ Educational - pursuant to I.C. 6- 1.1- 10 -16. ❑ Religious - pursuant to l.C. 6-1.1 -10.16. El Other - (cite the specific law(s) under which the exemption is claimed) Municipal Owned IC 6 -1.1 -10.5 What percentage do you claim should be exempt on the value of: Land and lots Improvements (buildings) 1 2 a Personal property NOTE: The taxpayer must present evidence that the property qualifies for exemption undera SPECIFIC statute. Please indicate that the following documentation has been provided: ❑ Amides of incorporation or other organizational documents ❑ Bylaws Financial statements For the last three years. ® If "Otherbox is checked above - the specific statute under which the exemption is claimed must be cited. ❑ Balance sheets ❑ Summary of income and expenditure FAILURE TO PROVIDE SUCH DOCUMENTATION MAY RE GROUNDS FOR A DENIAL OF THE EXEMPTION SOUGHT. CERTIFICATE Under the penalties of perjury, I hereby certify that the statements in the application and information sheet are true and correct to the best of my knowledge and belief, and are made for the purpose of having the property described hereon, or a part thereof, exempt from taxation. A person who signs an exemption application shall attest In waiting end under penalties of perjury that, to the best of the person's knowledge and belief, a predominant part of the property claimed to be exempt is not being used or occupied in connection with a trade or business that Is not substantially related to the exercise or performance of the organizations exempt purpose. Signature of authorized representative Title Clerk Treasurer - City of Carmel Data signed (month, day, year) 04/28/2014 Page 1 of 5 REQUIRED INFORMATION INSTRUCTIONS Please state all information for the tax year in question. If you need additional space to answer any questions or wish to provide additional information, use space at bottom of reverse side. Attach separate sheet if necessary. I. GENERAL 1. Who owns the property? (Name, address, type of entity. end purpose for which entity was formed per articles of incorporation or simlar documents) 2. Who occupies the property? (Name, address, type of entity, and purpose for which entity was formed per articles or incorporation or similar documents) 3. Who uses the property? (Name, address, type of entity, and purpose for which entity was formed per auricles of incorporation or similar documents) 4. For how much land is the exemption claimed? (Sec tC. 6- 1.1 -10 -16 (stead (di, 6 -1.1 -10-20. 21, 22, and 26) 5. Describe all structures end slate specifically the normal use of each room or area in each structure (You may attach a diagram of the properly and structures) II. EXEMPT PURPOSE L Slate specificallythe exempt purpose and activities for which the property is used. (If any publications about the exempt activity are eveAabro, please provide a copy) 2- State how often such activities occur. 3. Stale specifically what moms or areas are used for the exempt purpose and what such use is. (Be sure all moms or areas are discussed) 4. Who carries out the exempt activities for which the property is used? 4a. State the qualifications of such Individual(s). 4b. State it such individual(s) are certified or licensed by an entity, who has issued such certificate or license, and the qualifications required to obtain such certificate or license. 4c. How many individuals or groups participate in the exempt activities? 5. State what written materials, it any, are used. 6. What standards. If any, must Individuals or groups benefiting from the exempt activity meet prior to participation In such activities? 7. State if the taxpayer is supervised by any entity, group or individual 7a. State the name of such entity. 7b. Slate the address of the entity. 7c, State the nature and purpose et such entity. III. OTHER INFORMATION 1. Are rooms or areas ever used by individuals or groups for purposes not related to the claimed exempt use? (If "NO ", skip to 2) ❑ Yes ❑ No Ia Name such individuals or groups. lb. State specifically what roams or areas are used by such individuals or groups. 1c. State specifically how often such individuals or groups use such roams or areas. 2. Do those benefiting Worn the exempt activity ever use areas or rooms for activities not directly related to the activity of the taxpayer? (If "vie ", skip to 3 -) 0 Yes ❑ No 2a. State who makes such use of rooms or areas. 2b. State specifically what rooms or areas are so used. 2c. Stale specifically how often such rooms or areas are so used. Page 2 of 5 REQUIRED INFORMATION (continued) Ill. OTHER INFORMATION (continued) 3, Do the individuals whose activities are related to the exempt purpose ever use rooms or areas for activities not directly related ❑yes ❑ No to the basis for the claimed exemption? (If 'NO; skip to 4.) 3a. State who makes such use of rooms or areas. 3b. State specifically what rooms or areas are so used. Sc- State specifically how often such rooms or areas are to be used. 4. Are fees ever charged to those who make use of rooms or areas? (If No skip to 51 ❑ Yes ❑ No 4a. State the uses for which such tees are charged. 411. State how often such fees are charged. 4c. State who is charged such fee. 4d. State what lee is charged. 4e. For what purpose is the revenue dedved from such lee used? 5. Now many individuals participate in the exempt activities? 6a. State the activity. 6. Are any moms or areas ever used by any income generating activity? (ft'No', skip to 7.) p Yes 0 No 6b. State specifically where it occurs. 6c. State specifically how often it occurs. 60. State who conducts such activity. 7. Are food or items of any sort over sold? (If 'We skip to S.) ❑ Yes ❑ NO 7a. State what is sold. 7b. State specifically where it Is sold. 7c. Slate specifically how often such sales occur. 7d. State specifically who makes such sales. a. Are dances, dinners or other social functions ever held on the properly for which the exemption is claimed? (If'No ", skip to 9,) ❑ Yes ❑ No 8a. Sate the activity. Bb. State specifically where it occurs. Sc. Slate specifically how often it occurs. 3d. State who conducts such activity. 9. Are goods. crops, or food of any son ever made, grown. or produced on the property? ❑ Yes 0 No 9e. If so, specifically describe such goods,cropsorfood- 9b. State spedecaey the number or amount at goods, pops or food made, grown or produced. 9c, State specifically whee such goods, crops or food is made, grown or produced. 94. State specifically who makes, grows, or produces such goods, crops or food. 9e. State the dollar value of each good, crop or food made, grown or produced. Use this area if additional space is needed for answers or if you wish to provide additional information, Page 3 of 5 ACTION BY THE COUNTY PROPERTY TAX ASSESSMENT BOARD OF APPEALS INSTRUCTIONS: In order to grant an application for an exemption, in whole or in part, the County PTABOA must specifically find that the statutory pterequisi]es for an exemption have been met. N any of the statutory conditions have not been met, the exemption CANNOT BE GRANTED. It you need additional space to answer any questions or wish to provide additional information, please attach a separate sheel. THE SECRETARY OF THE COUNTY PTABOA MUST ANSWER ALL QUESTIONS Name Of taxpayer DESCRIPTION ASSESSED VALUE EXEMPTION ALLOWED EXEMPTION NOT ALLOWED PERCENT ASSESSED VALUE PERCENT ASSESSED VALUE Land and lots 1. $ $ $ 2. 3- Improvements (Buidbrgs) I. $ $ $ 2. 3. Personal property 5. $ $ $ 2. 3. TOTALS $ 0.00 0.00 $ 0.00 0.00 $ 0.00 Date application fled (month, day, year) Was the entire appleaeon completely filed out (pages 1, Z and 3)? IN Yes ill No Was any information not in writing or on the form presented to the County PTABOA? If yes, come/era next line- • Yes • No State who presented the information and summarize the information provided. Did the County PTABOA consider the actual use of the property? ❑ No U Yes What is the percentage of actual exempt use of each room, area, or building for which the exemption is claimed? What is the exempt use of the property? State the spedfrc statute under which the application was granted or denied: COUNTY PTABOA Signature of County Assessor (Secretary of PTABOA) Date signed (month, day. year) Page 4 of 5 APPLICATION FOR PROPERTY TAX EXEMPTION - GENERAL INFORMATION WHY MUST I FILE FOR AN EXEMPTION? An exemption is a privilege which may be waived if an application for exemption is not timely filed. If an application for exemption is not fled, the County Property Tax Assessment Board of Appeals ( PTABOA) is without power to grant an exemption. Only property which the taxpayer shows is exempt pursuant to statute may be granted an exemption. Generally, property may be granted an exemption only if it is used for the specific purposes set out in a specific statute. WHAT PROPERTY MAY BE GRANTED AN EXEMPTION? Property may be granted an exemption if an application has been timely filed and the property has been shown to qualify for an exemption specifically provided by statute. Generally, such statutes require ownership of the property by a specified type of entity and use of the property for a specific purpose. WHO MUST FILE? The owner of property who wishes to obtain en exemption must file a certified application in duplicate. WHERE MUST 1 FILE? The application must be tiled with the County Assessor of the county where the property is located. WHEN MUST I FILE? The exemption application must be filed on or before May 15 of the assessment year (the year prior to the tax billing date) and must be re -filed every even year unless the exempt property is owned, occupied, and used for educational, literary, scientific, retiglous, or charitable purposes and continues to meet the requirements of IC 6- 1.1 -10 -16 or IC 6-1.1-10-21. An application should be filed in any year in which an appeal to the Indiana Board of Tax Review or to a court for an exemption determination on the property is pending from any preceding year. WHAT MUST I FILE? The owner of the property must file State Form 92841 Form 135 with the County Assessor. The owner must provide all information requested on the application and accompanying information sheet. There is no fling fee. WHAT HAPPENS IF OWNERSHIP CHANGES ON AN EXEMPT PROPERTY? An exemption on property is still valid after a change in ownership if theproperty continues to meet the requirements for an exemption under IC 6-1.1-10-16 or IC 6-1.1.10-21. However, if the title to the property changes, the person who obtained the exemption or the current owner must notify the County Assessor in the year that the change occurs by filing the Form 136 -CON, WHAT HAPPENS IF THE USE OF THE PROPERTY CHANGES ON AN EXEMPT PROPERTY? If the tangible property subject to the exemption is used for a nonexempt purpose, the person who obtained the exemption or the current owner must notify the County Assessor In the year that the change has occurred by filing the Form 136 -COIU. WHY AM I NOT AUTOMATICALLY EXEMPT FOR PROPERTY TAX PURPOSES IF I AM EXEMPT FOR INCOME TAX PURPOSES? The granting of a federal or state income tax. exemption does not entitle a taxpayer to a property tax exemption because an income tax exemption does not depend so much on how the property is used, but how the money is spent. (See Raintree Fdends Housing, Inc. v Indiana Department of Revenue, 667 N.E. 2c1610). It has also been determined that a worthwhile activity or noble purpose atone is not enough because a property tax exemption is justified when it helps accomplish some public purpose. (See National Association of Miniature Enthusiasts v. Slate Board of Tax Commissioners, 671 N.E. 2c1218). THE APPLICANT SHOULD MAKE A COPY OF THE COMPLETED FORM FOR HIS / HER RECORDS. WHAT HAPPENS AFTER I FILE? The application will be considered by the County PTABOA. If the application is rejected in whole or in part, notice of that action will be given to the applicant on Form 120. An applicant may appeal to the Indiana Board of Tax Review within thirty (30) days from the date the notice of rejection is given by the County PTABOA (IC 6- 1.1- 11 -7). The appeal must be filed with the Indiana Board of Tax Review on the Form 132 and a copy mailed to the County Assessor (IC 6- 1.1- 15-3). Before August 2nd, the County Assessor will forward to the Department of Locat Government Finance the duplicate copy of each approved application. The Department is required to review those applications and, upon notice and hearing, may deny any exemption if it determines that the property is not eligible for exemption, WHAT ACTIVITIES QUALIFY AS CHARITABLE, EDUCATIONAL, AND RELIGIOUS? Charitable, educational, and religious activities are not defined in statute. Case law suggests that a variety of factors may be relevant and should be considered. For examples of this case law, applicants could research the "Decisions- section of the Indiana Board of Tax Review's websile at wvnv.in.govfibtr. Applicants are encouraged to specify in as much detail as possible their precise use of the property and how that use substantially relates to the purposes that they believe qualify the property for exempt status. Applicants should seriously consider consulting an attorney for assistance because qualification for exemption often presents complex legal questions. Page 5 of 5