HomeMy WebLinkAboutCC-10-18-99-02 Penn St. PaymentResolution No. CC-10-18-99-02
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA
APPROVING PAYMENT OF CONSTRUCTION COSTS FOR THE PENNSYLVANIA
STREET PROJECT
WHEREAS, pursuant to Article III, Section 3.01 (b) of the Trust Indenture by and
among the City of Carmel Redevelopment Authority and Fifth Third Bank of Central
Indiana, dated as of August 1, 1997, approval by the Common Council is required prior
to payments from the Construction Fund;
WHEREAS, an agreement dated March 27, 1998, by and between the City of
Carmel Redevelopment Authority, a redevelopment authority organized and existing
under Indiana Code 36-7-14.5 (the "Authority"), the City of Carmel Redevelopment
Commission, a redevelopment commission organized and existing under Indiana Code
36-7-14 (the "Commission"), the Common Council of the City of Carmel, Indiana (the
"City"), a common council organized and existing under Indiana Code 36-4-6 (the
"Council"), and the Mayor of the City ("Mayor'), joined in by the Clerk-Treasurer of the
City (the "Clerk-Treasurer'), establishes an approval process for expenditures by the
Carmel Redevelopment Authority;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Carmel, Indiana, that the Payment Requisitions attached hereto as Exhibit A
(Requisition ¢~62 and ~EEE~3) are hereby approved for payment from the Construction Fund
described in the above-referenced Trust Indenture.
,1999, by a vote of [~ ayes and ~ nays.
COMMON C INCIL OF THE CITY O C~NDIANA
't~iding Offic~ der, F~~'
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Diana L. Cordray, IAMC,'CI~-T~rer
Diana L. Cordray, I~~reasurer
.
Brainard, Mayor
EXHIBIT A
PAYMENT REQUISITION NO. 62
PAYEE
AMOUNT
DUE
CHARACTER OF EXPENDITURE
I. Check payable to Hamilton County Clerk
Mail Check to City of Carreel
Department of Engineering
1 Civic Square
· Carmel, IN 46032
2. Check payable to Paul E. Lowe
Mail Check to City of Carmel
Department of Engineering
1 Civic Square
Carmel, IN 46032
3. ~Chec-.k payable to Charter Arbor lndy'-
Behavioral Health System, Inc.
Mail Check to City of CarmeI
'Department of Enginooring
1 Civic Square
Ca~nael, 1N 46032
$500,000.00
$354,350.00
$15,000.00
R/W Purchase in connection with
Pennsylvania St.
RAV Purchase in connection with
Pennsylvania St.
R/W Purchase in connection with
P tnnsylva,~a. S t.
10/01/99'
EXHIBIT A
PAYMENT REQUISITION NO. 63
PAYEE
AMOUNT
DUE
CHARACTER OF EXPENDITURE
1. Check payable to:
Joyce Patricia Cornwell Spannan, a 5/6 Interest
Gregory Leonard Spannan, a 1/12 Interest
Travis Joseph Spannan, a 1/12 Iracrest
Mail Check to City of Carmel ·
Department of Engineering
1 Civic Square
Carmel, IN 46032
$63,858.33
$ 6,385.83
$ 6,385.83
RJW Purchase in connection with
Pennsylvania St.
10/04/99