HomeMy WebLinkAbout253237 01/11/16 CITY OF CARMEL, INDIANA VENDOR: 363909
ONE CIVIC SQUARE VILLAGE FINANCIAL, LLC CHECK AMOUNT: $****23,374.12*
CARMEL, INDIANA 46032 ONE PEDCOR SQUARE CHECK NUMBER: 263237
9a�oN 770 3RD AVE SW CHECK DATE: 01111116
CARMEL IN 46032
DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION
902 4460805 10416-1 23,374.12 RETAIL SITE #5
VILLAGE FINANCIAL, LLC
AMENDED AND RESTATED INSTALLMENT PURCHASE AGREEMENT
SECONDARY NUMBER ONE & SECONDARY NUMBER TWO
NOTICE
To: Carmel Redevelopment Commission
Date: 1/4/2016
Payment Date: 1/15/2016
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: 7/15/15- 1/14/16
INTEREST DUE
SECONDARY SECONDARY
NUMBER ONE NUMBER TWO TOTAL
Outstanding Balance $ 4,500,000.00 $ - $ 4,500,000.00
Prorate Share 100% 0%
AVAILABLE FUNDS FOR PAYMENT
Semi Annual Existing Improvement Received $ 486,607.12 $ - $. 486;607:12
Less: Semi Annual Threshold(17/185th) $ (463,233.00) $ - $, (463,233.00);
Available Increment for Interest Payment $ 23,374.12 $ - $ 23,374.12
INTEREST AMOUNT
Total Interest Due for Period $ 69,056.43 $ - $ 69,056.43
Interest Deferred Due to Unavailable Increment $ (45,682.31) $ - $ (45,682.31)
CRC Total Actual Amount to Pay $ 23,374.12 $ - $ 23,374.12
TOTAL INSTALLMENT INTEREST PAYMENT DUE: $ 23,374.12 $ - $ 23,374.12
Payment is due by the Carmel Redevelopment Commission to Village Financial,LLC by: January 15,2016
Prepared By: 2
[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.
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
Uq I ���I✓l QI . LL C Purchase Order No.
AUe S Terms
(kr !V 4W32 Date Due
Invoice Invoice Description Amount
Date Number (or note attached invoice(s) or bill(s))
I—�—I 16— f it(WdrV T e i l ),1 e 2-3,374 'Z
Total
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
20Clerk-Treasurer
VOUCHER NO. WARRANT NO.
ALLOWED 20
yil�cyle AnQntiAl ,LLQ
IN SUM OF $
`17 D 3 rJ Ave S 1�
Iff MR
$ 13,37q, �Z
ON ACCOUNT OF APPROPRIATION FOR
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Cash 901 /4�Ug S
Board Members
PO#or DEPT.# INVOICE NO. ACCT#/TITLE AMOUNT I hereby certify that the attached invoice(s),
- � S 23 37,12 or bill(s) is (are) true and correct and that
the materials or services itemized thereon
for which charge is made were ordered and
a=,
received except
r
- S- 20/6
Signature
Executive Direc r
Title
Cost distribution ledger classification if Carmel Redevelopment Commission
claim paid motor vehicle highway fund