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Home My WebLink About323569 03/29/18 CITY OF CARMEL, INDIANA VENDOR: 3164049 ONE CIVIC SQUARE R E I•REAL ESTATE SERVICES LLC CHECK AMOUNT: $*****3,063.24* CARMEL, INDIANA 46032 11711 N.PENNSYLVANIA,SUITE 200 CHECK NUMBER: 323569 9Mi�ria.�O. CARMEL IN•46032 CHECK DATE: 03/29/18 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 902 4341900 101419 CRCO218 3,063.24 CIVIC THR MAINTENANCE VOUCHER NO. WARRANT NO. Prescribed by State Board of Accounts City Form No.201(Rev.1995) Vendor# 364049 ALLOWED 20 ACCOUNTS PAYABLE VOUCHER R E I REAL ESTATE SERVICES LLC IN SUM OF$ CITY OF CARMEL 11711 N. PENNSYLVANIA, SUITE 200 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. CARMEL, IN 46032 Payee $3,063.24 ON ACCOUNT OF APPROPRIATION FOR Purchase Order# Redevelopment Commission Terms Date Due PO# ACCT# DATE INVOICE# DESCRIPTION DEPT# INVOICE# Fund# AMOUNT Board Members DEPT# FUND# (or note attached invoice(s)or bill(s)) AMOUNT 101419 CRCO218 43-419.00 $3,063.24 1 hereby certify that the attached invoice(s),or 2/28/18 CRCO218 February management $3,063.24 902 902 902 902 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 Tuesday, March 27,2018 Henry Mestetsky I hereby certify that the attached invoice(s),or bill(s),is(are)true and correct and I have audited same in accordance with IC 5-11-10-1.6 ,20 Cost distribution ledger classification if claim paid motor vehicle highway fund. Clerk-Treasurer C- INVOICE Invoice: CRCO218 �'- Date: 2/28/2018 Carmel Redevelopment Commission Attn: Director of Finance 30 W. Main Street,Suite 220 Carmel, IN 46032 Operating Expenses for the property known as the James Building,Tarkington Theater and Support Space: 2/1/2018-2/28/2018 1,595 Sq. Ft.'-2nd Floor Tarkington(SEP) February 2018 Monthly Operating Expense $ 759.96 3,250 Sq. Ft. -2nd Floor James Building (SEP) February 2018 Monthly Operating Expense $ 1,672.89- 1,519 ,672.89-1,519 Sq. Ft. -3rd Floor Offices of the Main Theater(Civic) February 2018 Monthly Operating Expense Total-Monthly Expenses for the Space(3,054 rsf) $ 1,267.38 User's Pro Rata Share(49.74%) $ 630.39 Total Monthly Operating'Expenses 2/1/18-2/28/2018 $ 3,063.24 Please contact Tina Shute at(317)573-6850 or tshute@reirealestate.com with any questions or concerns. PLEASE REFER TO INVOICE ABOVE WHEN REMITTING PLEASE REMIT TO: REI Real Estate Services, LLC 11711 N.Pennsylvania,St.,Ste.200 Carmel,IN 46032 FOR INTERNAL USE ONLY: ARO LEASE# 610005 580 $1,672.89 610007 505 $ 630.39 610014 877 $ 759.96 Database: REIMRI Comparative Income Statement Page: 5 ENTITY: 610014 Income Statement Date: 3/6/2018 4.5 Production Time: 02:21 PM CCCCDC(SEP 2ND FLR-TARKINGTON Accrual Report includes an open period. Entries are not final Current Period Year-To-Date Actual Budget Actual Budget Thru: Feb 2018 Feb 2018 Valiance Feb 2018 Feb 2018 Variance REVENUES RENTAL INCOME Base Rent 1,866.15 1,866.00 (0.15) -0.01% 2,889.52 3,733.00 843.48 22.60% LSOP 1,151.06 1,152.00 0.94 0.08% 1,782.29 2,304.00 521.71 22.64% Rent Adj-Oper Exp 0.00 0.00 0.00 0.00% 796.32 0.00 (796.32) 0.00% Rent Adj-RE Taxes 412.08 412.00 (0.08) -0.02% 824.16 825.00 0.84 0.10% TOTAL RENTAL INCOME 3,429.29 3,430.00 0.71 ' . 0.02% 6,292.29 6,862.00 569.71 8.30% OTHER INCOME TOTAL OTHER INCOME 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUE 3,429.29 3,430.00 0.71 0.02% 6,292.29 6,862.00 569.71 8.30% OPERATING EXPENSES INDIRECT EXPENSES Gen Maint Svcs-Fee 53.42 54:00 (0.58) -1.07% 106.84 173.00 (66.16) -38.24% Gen Maint Supplies 0.00 37.00 (37.00) -100.00% 0.00 74.00 (74.00) -100.00% Contract Maint 5.46 100.00 (94.54) -94.54% 7.06 181.00 (173.94)- -96.10% HVAC Maint 9.92 55.00 (45.08) -81.96% 19.84 110.00 (90.16) -81.96% Security 89.50 100.00 (10.50) -10.50% 190.49 200.00 (9.51) -4.75% Common Area 68.16 78.00 (9.84) -12.62% 138.47 161.00 (22.53) -13.99% Garage/Complex Exps 10.91 18.00 (7.09) -39.39% 39.49 35.00 4.49 12.83% TOTAL INDIRECT EXPENSES 237.37 442.00 (204.63) -46.30% 502.19 934.00 (431.81) -46.23% DIRECT EXPENSES Electricity 78.89 180.00 (101.11) -56.17% 170.71 360.00 (189.29) -52.58% Water 2.92 0.00 2:92 0.00% 5.84 0.00 5.84 0.00% Sewer Use&Maint 2.52 0.00 2.52 0.00% 5.40 0.00 5.40 0.00% Database: REIMRI Comparative Income Statement Page: 6 ENTITY: 610014 Income Statement Date: 3/6/2018 4.5 Production Time: 02:21 PM CCCCDC(SEP 2ND FLR-TARKINGTON- Accrual Report includes an open period. Entries are not final. Current Period Year-To-Date Actual Budget Actual Budget Thru: Feb 2018 Feb 2018 Variance Feb 2018 Feb 2018 Variance District Cooling 142.27 143.00 (0.73) -0.51% 284.54 286.00 (1.46) -0.51% Janitorial Svcs 151.53 151.00 0.53 0.35% 303.06 302.00 1.06 0.35% Janitorial Supplies 8.70 8.00 0.70 8.75% 13.20 16.00 .(2.80) -17.50% Trash Removal 2.18 3.00 (0.82) -27.33% 4.18 6.00 (1.82) -30.33% Management Fee 133.58 133.00 0.58 0.44% 267.16 266.00 1.16 0.44% TOTAL DIRECT EXPENSES 522.59 618.00 (95.41) -15.44%0 1,054.09 1,236.00 (181.91) -14.72% RE Taxes 0.00 545.00 (545.00) -100.00% 0.00 1,090.00 (1,090.00) -100.00% TOTAL OPERATING EXPENSES 759.96 1,605.00 (845.04) -52.65% 1,556.28 3,260.00 (1,703.72) -52.26% NET OPERATING INCOME 2,669.33 1,825.00 (844.33) -46.26% 4,736.01 3,602.00 (1,134.01) -31.48% OTHER EXPENSES TOTAL OTHER EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 NET INCOME/(LOSS) 2,669.33 1,825.00 (844.33) -46.26% 4,736.01 3,602.00 (1,134.01) -31.48% Database: REIMRI Comparative Income Statement Page: 1 ENTITY: 610005 Income Statement Date: 3/6/2018 4.5 Production Time: 02:21 PM CCCCDC(SEP 2ND FLR-JAMES) Accrual Report includes an open period. Entries are not final. Current Period Year-To-Date Actual Budget Actual Budget Thru: Feb 2018 Feb 2018 Variance Feb 2018 Feb 2018 Variance REVENUES - RENTAL INCOME Base Rent 4,116.67 4,117.00 0.33 0.01% 6,374.20 8,234.00 1,859.80 22.59% LSOP 2,0.31.25 2,031.00 (0.25) -0.01% 3,145.16 4,062.00 916:84 22.57% Rent Adj-Oper Exp 0.00 0.00 0.00 0.00% 1,742.25 0.00 (1,742.25) 0.00% Rent Adj-RE Taxes 839.58 839.00 (0.58) -0.07% 1,679.16 1,678.00 (1.16) -0.07% TOTAL RENTAL INCOME 6,987.50 6,987.00 (0.50) -0.01% 12,940.77- 13,974.00 1,033.23 7.39% OTHER INCOME TOTAL OTHER INCOME 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUE 6,987.50 6,987.00 (0.50) -0.01% 12,940.77 13,974.00 1,033.23 7.39% OPERATING EXPENSES INDIRECT EXPENSES Gen Maint Svcs-Fee 108.92 109.00 (0.08) -0.07% 217.84 282.00 (64.16) -22.75% Gen Maint Supplies 0.00 50.00 (50:00) -100.00% 0.00 100.00 (100.00) -100.00% Contract Maint 13.77 104.00, (90.23) -86.76% 27.38 208.00 (180.62) -86.84% HVAC Maint 25.16 46.00 . (20.84) -45.30% 50.32 92.00 (41.68) -45.30% Security• 85.28 96.00 (10.72) -11.17% 181:51 192.00 (10.49) -5.46% Common Area 225.59 259.00 (33.41) _12.90% 458.30 530.00 (71.70) -13.53% Garage/Complex Exps 36.12 60.00 (23.88) -39.80% 130.73 120.00 10.73 8.94% TOTAL INDIRECT EXPENSES 494.84 724.00' (229.16) , -31.65% 1,066.08 1,524.00 (457.92) -30.05% DIRECT EXPENSES Electricity 334.09 365.00 (30.91) -8.47% 685.26 730.00 (44.74) -6.13% Water 27.11 21.00 6.11 29.10% 52.17 42.00 10.17 24.21% Sewer Use&Maint 52.04 16.00 36.04 225.25% 90.92 33.00 57.92 175.52% Database: REIMRI Comparative Income Statement Page: 2 , ENTITY: 610005 Income Statement Date: 3/6/2018 4.5 Production Time: 02:21 PM CCCCDC(SEP 2ND FLR-JAMES) Accrual Report includes an open period. Entries are not final. Current Period Year-To-Date Actual Budget Actual Budget Thru: Feb 2018 Feb 2018 Variance Feb 2018 Feb 2018 Variance District Cooling 161.64 161.00 0.64 0.40% 323.28 322.00 1.28 0.40% Janitorial Svcs 308.75 308.00 0.75 0.24% 617.50 616.00 1.50 0.24% Janitorial Supplies 17.72 32.00 (14.28) -44.63% 26.90 64.00 (37.10) -57.97% Trash Removal 4.45 7.00 (2.55) -36.43% 8.53 14.00 (5.47) -39.07% Management Fee 272.25 273.00 (0.75) -0.27% 544.50 546.00 (1.50) -0.27% TOTAL DIRECT EXPENSES 1,178.05 1,183.00 (4.95) -0.42% 2,349.06 2,367.00 (17.94) -0.76% RE Taxes 0.00 1,111.00 (1,111.00) -100.00% 0.00 2,222.00 (2,222.00) -100.00% TOTAL OPERATING EXPENSES 1,672.89 3,018.00 (1,345.11) -44.57% 3,415.14 6,113.00 (2,697.86) -44.13% NET OPERATING INCOME 5,314.61 3,969.00 (1,345.61) -33.90% 9,525.63 7,861.00 (1,664.63) -21.18% OTHER EXPENSES TOTAL OTHER EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 NET INCOME/(LOSS) 5,314.61 3,969.00 (1,345.61) -33.90% 9,525.63 7,861.00 (1,664.63) -21.18% Database: REIMRI Comparative Income Statement Page: 3 ENTITY: 610007 Income Statement Date: 3/6/2018 4.5 Production Time: 02:21 PM CCCCDC(CIVIC OFFICE) Accrual Report includes an open period. Entries are not final. Current Period Year-To-Date Actual Budget Actual Budget Thru: Feb 2018 Feb 2018 Variance Feb 2018 Feb 2018 Variance REVENUES RENTAL INCOME Base Rent 2,912.25 2,912.00 (0.25) -0.01% 5,824.50 5,824.00 (0.50) -0.01% Rent Adj-Oper Exp 822.64 1,637.00 814.36 49.75% 2,301.76 3,274.00 972.24 29.70% TOTAL RENTAL INCOME 3,734.89 4,549.00 814.11 17.90% 8,126.26 9,098.00 971.74 10.68% OTHER INCOME TOTAL OTHER INCOME 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUE 3,734.89 4,549.00 814.11 17.90% 8,126.26 9,098.00 971.74 10.68% OPERATING EXPENSES INDIRECT EXPENSES Gen Maint Svcs-Fee 102.33 103.00 (0.67) -0.65% 204.66 271.00 (66.34) -24.48% Gen Maint Supplies 0.00 71.00 (71.00) -100.00% 0.00 142.00 (142.00) -100.00% Contract Maint 10.44 128.00 _ (117.56) -91..84% (9.47) 248.00 (257.47) -103.82% HVAC Maint 19.00 44.00 (25.00) -56.82% 38.00 88.00 (50.00) -56.82% Elevator Maint 10.30 11.00 (0.70) -6.36% 20.60 22.00 (1.40) -6.36% Security 124.27 140.00 (15.73) -11.24% 264.47 279.00 (14.53) -5.21% Common Area 130.50 150.00 (19.50) -13.00% 265.12 307.00 (41.88) -13.64% Garage/Complex Exps 20.89 49.00 (28.11) -57.37% 75.62 98.00 (22.38) -22.84% TOTAL INDIRECT EXPENSES 417.73 696.00 (278.27) -39.98% 859.00 1,455.00 (596.00) -40.96% DIRECT EXPENSES Electricity 151.05 166.00 (14.95) -9.01% 326.84 332.00 (5.16) -1.55% Water 5.59 5.00 0.59 11.80% 11.18 10.00 1.18 11.80% Sewer Use&Maint 4.83 6.00 (1.17) -19.50% 10.33 12.00 (1.67) -13.92% District Cooling 272.41 273.00 (0.59) -0.22% 544.82 546.00 (1.18) -0.22% Database: REIMRI Comparative Income Statement Page: 4 ENTITY: 610007 Income Statement Date: 3/6/2018 4.5 Production Time: 02:21 PM CCCCDC(CIVIC OFFICE) Accrual Report includes an open period. Entries are not final. Current Period Year-To-Date Actual Budget Actual Budget Thru: Feb 2018 Feb 2018 Variance Feb 2018 Feb 2018 Variance Janitorial Svcs 155.76 103.00 52.76 51.22% 259.60 206.00 53.60 26.02% Janitorial Supplies 0.00 33.00 (33.00) -100.00% 55.75 67.00 (11.25) -16.79% Trash Removal 4.18 5.00 (0.82) -16.40% 8.02 10.00 (1.98) -19.80% Management Fee 255.83 255.00 0.83 0.33% 511.66 510.00 1.66 0.33% TOTAL DIRECT EXPENSES 849.65 846.00 3.65 0.43% 1,728.20 1,693.00 35.20 2.08% TOTAL OPERATING EXPENSES 1,267.38 1,542.00 (274.62) -17.81% 2,587.20 3,148.00 (560.80) -17.81% c NET OPERATING INCOME 2,467.51 3,007.00 539.49 17.94% 5,539.06 5,950.00 410.94 6.91% OTHER EXPENSES TOTAL OTHER EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00 NET INCOME/(LOSS) 2,467.51 3,007.00 539.49 17.94% 5,539.06 5,950.00 410.94 6.91%