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HomeMy WebLinkAboutCC 03-07-22-01/Approves Build-Operate-Transfer Agreement with Envoy ConstructionSPONSORS: Councilors Worrell, Hannon This Resolution was prepared by Jon A. Oberlander, Carmel Interim Corporation Counsel, on 02/23/22 at 11:30 p.m. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. RESOLUTION NO. CC 03-07-22-01 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA, APPROVING THE TERMS OF THE BUILD-OPERATE-TRANSFER AGREEMENT FOR THE CARMEL POLICE HEADQUARTERS EXPANSION AND COURT ADDITION PROJECT Synopsis: Approves the final terms of the Build-Operate-Transfer agreement with Envoy Construction Services, LLC for the Carmel Police Headquarters Expansion and Court Addition Project. WHEREAS, pursuant to Indiana Code § 5-23-1-1 et seq. (the "BOT Statute"), the City of Carmel ("City") may solicit and enter into public-private agreements for the design, construction, operation, and maintenance of public projects; and WHEREAS, on February 1, 2021, the Carmel Comm on Council ("Council") approved Resolution No. CC 02-01-21-01 authorizing the City to enter into public-private agreements pursuant to the BOT Statute; and WHEREAS, on March 17, 2021, the Council adopted Ordinance D-2562-20, as amended, which approved bonds in an amount not to exceed $38,000,000 to finance an expansion of the existing police headquarters and relocation of the IT facilities, along with a related financing lease with the Carmel Municipal Facilities Building Corporation; and WHEREAS, D-2562-20 requires the City to use the Build-Operate-Transfer (“BOT”) construction procurement method for the Carmel Police Headquarters Expansion and Court Addition Project (“BOT Project”); and WHEREAS, D-2562-20 also requires Council approval of the final terms of the BOT Project agreement; and WHEREAS, on April 23, 2021, the City issued a Request for Proposals and Qualifications to Design, Build, Operate and Maintain the BOT Project through a Public Private Agreement ("BOT RFP/Q"), after publishing the statutorily required public notice, for the design, construction, operation, and maintenance of the BOT Project; and WHEREAS, after reviewing all responses to the BOT RFP/Q, the City BOT evaluation committee recommended Envoy Construction Services, LLC (“Envoy”) to act as the developer of the BOT Project; and WHEREAS, on July 7, 2021, the Carmel Board of Public Works and Safety, during the statutorily required public hearing, passed Resolution No. BP W 07-07-21-01, which selected Envoy as the preferred offeror and the private partner for the development of the BOT Project; and WHEREAS, it is in the best interests of the City to approve the final terms of the BOT Project agreement with Envoy. Resolution CC 03-07-22-01 Page One of Three Pages DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 SPONSORS: Councilors Worrell, Hannon This Resolution was prepared by Jon A. Oberlander, Carmel Interim Corporation Counsel, on 02/23/22 at 11:30 p.m. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Carmel, Indiana, that: Section 1. The foregoing Recitals are incorporated herein by this reference. Section 2. The Common Council of the City of Carmel, Indiana hereby approves the terms as materially set forth in the Public Private Agreement with Envoy Construction Services, LLC for the Carmel Police Headquarters Expansion and Court Addition Project, which is attached hereto as Exhibit A and incorporated herein by this reference. The City shall have the ability to further negotiate and amend terms, so long as such negotiation or amendment does not increase the amount of the project’s guaranteed maximum price. Section 3. The Council encourages the Board of Public Works and Safety to approve and execute the Agreement at its earliest convenience. [signature page follows] Resolution CC 03-07-22-01 Page Two of Three Pages DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 SPONSORS: Councilors Worrell, Hannon This Resolution was prepared by Jon A. Oberlander, Carmel Interim Corporation Counsel, on 02/23/22 at 11:30 p.m. No subsequent revision to this Resolution has been reviewed by Mr. Oberlander for legal sufficiency or otherwise. SO RESOLVED, by the Common Council of the City of Carmel, Indiana, this ____ day of ________, 2022, by a vote of _____ ayes and _____ nays. COMMON COUNCIL FOR THE CITY OF CARMEL ___________________________________ Kevin D. Rider, President Jeff Worrell, Vice-President ___________________________________ ____________________________________ Sue Finkam Laura Campbell ___________________________________ ____________________________________ H. Bruce Kimball Anthony Green ___________________________________ ___________________________________ Adam Aasen Tim Hannon ___________________________________ Miles Nelson ATTEST: __________________________________ Sue Wolfgang, Clerk Presented by me to the Mayor of the City of Carmel, Indiana this ____ day of _________________________ 2022, at _______ __.M. ____________________________________ Sue Wolfgang, Clerk Approved by me, Mayor of the City of Carmel, Indiana, this _____ day of ________________________ 2022, at _______ __.M. ____________________________________ James Brainard, Mayor ATTEST: ___________________________________ Sue Wolfgang, Clerk Resolution CC 03-07-22-01 Page Three of Three Pages DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 7th 8March 0 11:45 A10:45 8th 8th A Not Present March March PUBLIC PRIVATE AGREEMENT (CARMEL POLICE STATION AND CITY COURT BOT) This Public Private Agreement (Carmel Police Station and City Court BOT) (the "Agreement") is executed this ___ day of March, 2022 (the “Effective Date”), by and between Envoy Construction Services, LLC, an Indiana limited liability company (the “Developer”), and the City of Carmel, Indiana (the "City"). Recitals WHEREAS, the Common Council of the City (the “Council”) adopted Resolution Number CC 02- 01-21-01 on February 1, 2021, permitting the City to procure projects via Indiana Code 5-23 et seq. (the “Act”); WHEREAS, the Act grants the City the authority to enter into agreements with private entities for the planning, design, development, reconstruction, or repair of any public facility; WHEREAS, pursuant to the Act, the City issued a Request for Proposals and Qualifications on April 23, 2021 (the “RFPQ”); WHEREAS, on May 19, 2021, the City received four responses to the RFPQ, including the response of the Developer; WHEREAS, after conducting a thorough analysis of all responses to the RFPQ, the City’s evaluation committee (the “Committee”) determined that the Developer’s proposal met the selection criteria set forth in the RFPQ and recommended to the City and the Board of Public Works and Safety (the “Board”) that a public private agreement be awarded to Developer; WHEREAS, as required by the Act, after receiving the recommendation of the Committee and after publishing notice on June 29, 2021, the Board held a public hearing on July 7, 2021, at which it accepted the recommendation of the Board and determined that the Developer should be designated as the preferred offeror for the final negotiation and execution of this Agreement; WHEREAS, on March 7, 2022, the Council adopted Resolution Number CC-03-07-xx; approving the final negotiation and execution of this Agreement with the Developer; WHEREAS, this Agreement, along with any Ancillary Agreements (as hereinafter defined), collectively constitute a public-private agreement as contemplated under the Act, and is hereby entered into in accordance with the Act and the provisions of the RFPQ; WHEREAS, the City and the Developer desire to enter into this Agreement to formalize the terms and conditions upon which the Project shall be delivered. Agreement 1. Defined Terms. Ancillary Agreements shall mean the Development Easement. Assessments shall mean all general and special governmental and utility assessments levied on, against, or with respect to the Project Site. Available Funds shall mean: (a) the undisbursed proceeds of the Bond Proceeds; plus (b) any other amounts deposited or held by Developer for the Project. BIM shall mean Building Information Modeling. Resolution CC 03-07-22-01 EXHIBIT A DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 2 Bond Proceeds shall mean the proceeds of the $32,380,000 Carmel Municipal Facilities Building Corporation Lease Rental Revenue Bonds Series 2021, issued by the City on August 1, 2021, of which a maximum amount of $25,388,670 is available for disbursement to the Developer for the Project under this Agreement. Bonds shall mean surety bonds provided on behalf of Developer for the construction of the Project, specifically: (a) a performance bond in the amount of 50% of the portion of the Project Budget for the design and construction of the Project; and (b) payment bond for 100% of the Project Budget; including any contingency, consulting, construction management, and/or developer fees. The Bonds shall be effective within 30 days of the Notice to Proceed. Books and Records shall mean all of the books and records pertaining to: (a) the acquisition of materials to construct, and the construction of, the Project in accordance with this Agreement and the Construction Contract; and (b) the operating of the completed Project during the Operating Period. Change Order shall mean a change order executed by Developer and City finalizing the inclusion into the Final Plans of a change proposed in a Change Order Request, which change has been approved; provided that, in the case of a Permitted Change, such change order shall be effective if executed only by Developer. Change Order Request shall mean a written request for a change to the Final Plans. City Approvals shall mean the approvals required by the City of Carmel, Indiana, its agencies, or its departments related to the design and construction of the Project, including but not limited to zoning approvals. Claims shall mean claims, judgments, damages, liabilities, injuries, losses, costs, and expenses (including, without limitation, attorneys' fees). Closing shall mean the date on which the Developer: (a) executes the Ancillary Documents; and (b) the Bond Proceeds are available for disbursement pursuant to this Agreement and the Trust Indenture. At the Closing, the Developer and City execute the Closing Documents. Closing Date shall mean the date of the Closing. Closing Documents shall mean the documents described in Section 6. Commissioning shall mean the process by the City and its Commissioning Agent shall have the opportunity to inspect, test, and operate the Project and its systems. Commissioning Agent shall mean the company or person selected by City to assist it in performing the Commissioning. Construction Commencement shall mean the date construction commences on the Project. Construction Commencement Notice shall mean the written notice of Construction Commencement provided by Developer to City. Construction Contract shall mean the contract executed by and between Developer (or Developer’s assignee under Section 19 of this Agreement) and General Contractor for construction of the Project in accordance with the Final Plans, the approved Project Budget, and the terms and conditions of this Agreement. Construction Drawings shall mean construction drawings consistent with the Design Development Documents and the Laws. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 3 Construction Manager shall mean an employee of the Developer, its affiliate, or the General Contractor that shall fulfill the requirements of Section 4(b). Construction Schedule shall mean a reasonably detailed schedule for construction of the Project, which shall cause the Project to be completed no later than ____________________, as identified and further outlined in the GMP Report. Construction Trade shall mean any trade or other discrete aspect of construction of the Project. Cure Period shall mean a period of 30 days after a party failing to perform or observe any term or condition of this Agreement to be performed or observed by it receives notice specifying the nature of the failure; provided that, if the failure is of such a nature that it cannot be remedied within 30 days, despite the exercise of reasonably diligent efforts, then the 30-day period shall be extended as reasonably may be necessary for the defaulting party to remedy the failure, so long as the defaulting party: (a) commences to remedy the failure within the 30-day period; and (b) diligently pursues such remedy to completion. Design Development Documents shall mean reasonably detailed design development drawings that are consistent with the Schematic Design Drawings and the Laws. Development Easement shall mean the access and construction easement granted by City in favor of Developer for the purpose of constructing the Project. Development Work shall mean the work to be performed by Developer in accordance with the terms of this Agreement. Disbursement Request shall mean a written request by Developer for a disbursement of Bond Proceeds, which request shall: (a) specify the total amount of Bond Proceeds being requested; (b) include invoices to be paid (or amounts to be reimbursed to Developer) with the disbursed funds; and (c) include such supporting documentation as would be required for Developer to obtain a disbursement of construction loan proceeds (other than any supporting documentation: (i) specific to investment of Developer equity; or (ii) related to updating any policy of title insurance). Documentation Costs shall mean all fees, costs, and expenses incurred by Developer in connection with drafting and negotiating: (a) this Agreement; and (b) any other documents contemplated by this Agreement to be executed in connection with the Project. Encumbrances shall mean any Liens, leases, mortgages, security interests, charges, judgments, judicial awards, attachment or encumbrance of any kind with respect to the Project. Event of Default shall have the meaning set forth in Subsection 17(a). E-Verify Program shall mean: (a) the program currently operated by the U.S. Department of Homeland Security that electronically confirms an individual’s eligibility to work in the United States, authority for which is found in Title IV, Subtitle A, of the Illegal Immigration Reform and Immigration Responsibility Act of 1996, P.L. 104-208, 110 Stat. 3009 (USC §1324a), as amended; or (b) any successor work authorization program designated by the U.S. Department of Homeland Security or such other federal agency as may be authorized to verify the work authorization status of newly-hired employees. The E-Verify Program is the “E-Verify Program” defined in Indiana Code § 22-5-1.7-3. FF&E shall mean the fixtures, furniture, and equipment necessary to complete the construction, occupation, and use of the Project, all as further described on the FF&E Plan. FF&E Plan shall mean the plan for the FF&E to be procured, paid for, and installed within the Project by Developer. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 4 Final Documents and Drawings shall mean final Schematic Design Drawings, final Design Development Documents, final Construction Drawings, final IT Plan, final FF&E Plan, Final Relocation Plan, and the final Construction Schedule, as each is finalized and approved or reviewed by City pursuant to Section 9. Final Observation shall mean an observation of the Project by City after substantial completion thereof. Final Plans shall mean the aggregated Final Documents and Drawings. Final Project Budget shall mean $25,388,670, as identified and outlined in the GMP Report. Force Majeure shall mean, with respect to a party: (a) an act or omission of the other party; or (b) any other cause that is not within the reasonable control of such party (including, without limitation: (i) unusually inclement weather; (ii) the unusual unavailability of materials, equipment, services or labor; and (iii) utility or energy shortages or acts or omissions of public utility provider. General Contractor shall mean ___________________. GMP Report shall mean the Carmel Police Station – Renovation and Addition GMP Report dated as of ______, 2022, which has been accepted by the City and which report is incorporated herein by reference and attached as Exhibit H. In Balance shall mean that the total of Available Funds, as presented by Developer to City at City’s request, shall equal or exceed (without duplication) the aggregate of: (a) the amount required to be paid as retainage to persons who have supplied labor, services, or materials to the Project, including without limitation, the General Contractor, architects and/or design professionals, and all subcontractors; (b) the amount required for any additional contingencies; and (c) the amount necessary to pay for all unpaid Project Costs incurred or to be incurred in the completion of the construction of the Project. Instruments of Service shall mean representations, in any medium of expression now known or later developed, of the tangible and intangible creative worked performed by Developer or its subcontractors, including, but not limited to studies, surveys, models, sketches, drawings, specifications, digital models, and other similar materials. IT Infrastructure shall mean the conduit, cables, equipment, switches, routers, and other telecommunications infrastructure necessary to complete the construction and occupancy of the Final Plans consistent with the Construction Drawings. IT Plan shall mean the plan for the procurement, installation, and set-up of the IT Infrastructure within the Project by Developer. Latent Defect shall mean those material defects in the construction of the Project that: (a) are not discovered; and (b) reasonably are not discoverable; by City during a Permitted Inspection or the Final Inspection. Laws shall mean all applicable: (a) laws, statutes, and/or ordinances; (b) governmental rules, regulations, and/or guidelines; and (c) judicial orders, consents, and/or decrees. Lien shall mean any and every lien against the Project or against any monies due or to become due from the City to Developer under this Agreement, for or on account of the Development Work, including but not limited to: (a) mechanics’ liens; (b) materialmens’ liens; (c) laborers’ liens; (d) architect’s liens; (e) engineer’s liens; (f) land surveyor’s liens; and/or (g) lenders’ liens. Material Defect shall mean any item or component of the Project that: (a) contains a material defect in workmanship or materials; (b) deviates materially from the Final Plans; or (c) has not been constructed materially in accordance with the terms and conditions of this Agreement. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 5 Non-Compliance Notice shall mean a written notice from City that identifies Material Defects with respect to the Project discovered by City during a Permitted Inspection or the Final Inspection. Nonconforming Work means Development Work which is not conforming to the terms of this Agreement or the Final Plans and for which City gives notice to Developer and an opportunity to cure in accordance with Section 11(b)(v) hereof. Damage or defect to the Development Work caused after the Transfer by abuse, alterations to the Project not performed by Developer or its subcontractors and/or vendors, improper or insufficient maintenance, improper operation, or normal wear and tear or normal usage that directly and materially contributes to such nonconformity shall not constitute Nonconforming Work. Notice to Proceed shall mean the written notice form the City to the Developer in accordance with Section 9(g). Observation shall mean a Permitted Observation or the Final Observation, as applicable. Operating Period shall mean the period: (a) commencing on the Substantial Completion Date; and (b) ending on the earlier of the date: (i) that is 30 days after the Substantial Completion Date; or (b) that is specified in a written notice delivered by City to Developer; unless the City and Developer agree to a longer operating period by executing a separate operating agreement. Owner’s Representative shall mean a person or persons designated by City in writing to observe performance of the Development Work. Owner’s Representative shall have the authority to act for and on behalf of City on all decisions required by City under this Contract. The initial Owner’s Representative shall be Jim Crider. Permitted Change shall mean any change proposed by Developer to the Final Plans of the Project, so long as such change: (a) is not inconsistent with the Schematic Design Drawings or Design Development Documents approved by City for the Project; (b) does not result in the Final Plans containing structurally flawed elements; (c) is in conformity with the Laws; (d) does not reduce the quality or the finish level of the Project; and (e) does not make it unlikely, impracticable, or impossible for Developer to complete the Project, or any component thereof, by the applicable date set forth in the approved Construction Schedule for the Project. Permitted Encumbrances shall mean, from time to time, any one or more of the following: (a) utility charges, taxes, rates, and assessments not yet delinquent or otherwise appealed; (b) any encumbrance arising out any judgment rendered which is being contested diligently and in good faith by Developer; (c) any encumbrance arising in the ordinary course of business imposed by law dealing with Liens, the validity of which is being contested diligently and in good faith by Developer and against which Developer has established appropriate reserves; (d) licenses, easements, encumbrances, restricts, or other rights-of-way which shall not in the aggregate materially and adversely impair the construction of the Project; (e) applicable zoning and building bylaws and ordinances, municipal bylaws and regulations, and restrictive covenants, which do not materially interfere with the construction of the Project; (f) encumbrances created on or before the Effective Date; (g) encumbrances created by a change in law on or after the Effective Date; and (h) any encumbrance created by an act or omission of any governmental entity or with respect to which the City has given its consent. Permitted Observation shall mean an observation by City of any item or component of the Project when reasonably deemed to be necessary or appropriate by City. Plan Refinement Process shall mean the process set forth in Section 9 for completion of the Final Plans and the Project Budget. Plan Schedule shall mean the schedule in accordance with which Developer shall prepare and provide to City the IT Plan, the FF&E Plan, and the Construction Schedule, which schedule is attached hereto as Exhibit B. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 6 Project shall mean the: (a) renovation of the existing City police department facility; and (b) construction of an addition to the existing City police department facility to house additional police department and City court space; to be constructed on the Project Site and as further described in the Reference Information Documents. Project Approvals shall mean the approvals required by City, its agencies, or its departments related to the design and construction of the Project, including but not limited to plan commission approvals. Project Budget shall mean the budget for the Project Costs, as further described on Exhibit E. Project Costs shall mean the fees, costs, and expenses to be incurred in connection with the Project, including but not limited to: (a) the Documentation Costs; (b) the costs incurred in connection with determining that all of the conditions set forth in Section 7 have been satisfied and/or will be waived by Developer and/or City; (c) the costs incurred in connection with the Closing (to the extent that such costs are not included in the Documentation Costs); (e) the cost to develop, design, and construct the Project in accordance with the terms and conditions of this Agreement; (f) contingencies in the amount approved within the Project Budget; (g) the developer fee in the amount approved within the Project budget; (h) a construction management fee in the amount approved within the Project Budget; and (i) any other obligations set forth in the Reference Information Documents. Project Documents shall mean the: (a) Instruments of Service; and (b) BIM. Project Site shall mean the real estate commonly known as 3 Civic Square and 998 South Rangeline Road in Carmel, Indiana, as further described on Exhibit A. Project Purchase Price shall mean the Project Costs; provided that, the Project Purchase Price shall not exceed $25,388,670 unless otherwise approved by City pursuant to Section 9(g). Real Estate Taxes shall mean all real estate taxes that may be attached to a property tax bill in the same manner as real estate taxes, levied on, against, or with respect to the Project Site and/or the Project. Reference Information Documents shall mean the collection of information, data, documents, and other materials that City has made available to Developer in connection with the Project for general or reference information only and without any warranty as to their accuracy, completeness, or fitness for any particular purpose, including but not limited to the: (a) Request for Proposals and Qualifications, including all subsequent addenda and communications (the “RFPQ”); and (b) Developer’s submission, including all amendments thereto, to the RFPQ . Relocation Plan shall mean the plan for the coordination, communication, physical moving, storage, and other actions taken by Developer that are necessary to move various users and occupants of the Project throughout its space while the renovation and new construction is completed. Required Permits shall mean all permits, licenses, approvals, and consents required by the Laws for the construction of the Project. Sales Tax Exemption Form shall mean Indiana Department of Revenue Form ST-105 (General Sales Tax Exemption Certificate), pursuant to which City shall represent that the acquisition of the materials to construct the Project is exempt from Indiana sales and use tax. Schematic Design Drawings shall mean detailed schematic design drawings that are consistent with the Laws. Site Information shall mean, with respect to the Project Site, copies of all reports and results of surveys, soil water and engineering tests, and other tests, inspections, examinations, studies, and investigations (including, without limitation, any existing Phase I Environmental Assessment and any other environmental DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 7 reports) conducted by or for, or in the possession of, Developer as a result of Developer’s performance of any due diligence on the Project Site. Substantial Completion Date shall mean the date on which: (a) Developer delivers to City a copy of the certificate of substantial completion of the Project architect which indicates that the Project has been completed substantially in accordance with the Final Plans, subject to "punch-list" items to be identified in connection with the Final Inspection, which “punch-list” items do not materially affect the use of the Project for its intended use; and (b) Developer delivers to City a copy of the certificate of occupancy issued by the City of Carmel. Transfer shall mean the conveyance of the Project by Developer to City in a form acceptable to City that transfers all Developer’s rights in Project to City or its designee free of all Liens and/or Encumbrances at: (a) the expiration of the Operating Period; or (b) upon termination of this Agreement in accordance with the terms and conditions of Section 21. Trust Indenture shall mean that certain Trust Indenture executed by and between the Carmel Municipal Facilities Building Corporation and Trustee dated August 1, 2021. Trustee shall mean BOKF, N.A., as “Trustee” under the Trust Indenture. Unauthorized Alien shall have the meaning set forth in 8 U.S.C § 1324a(h)(3). Utility Services shall mean gas, electricity, telephone, water, storm and sanitary sewer, fiber and/or internet access, and other utility services. 2. General Obligations. (a) Developer. Subject to the terms and conditions of this Agreement, Developer shall: (i) enter into the Ancillary Documents; (ii) perform the Development Work; (iii) design the Project; (iv) construct the Project on the Project Site; (v) operate the Project until the expiration of the Operating Period; (vi) upon the expiration of the Operating Period, execute the Transfer; and (vii) upon the Transfer, provide City with ownership and control over the Project Documents. (b) City. Subject to the terms and conditions of this Agreement, City shall: (i) enter into the Ancillary Agreements; (ii) take such action as necessary or reasonably appropriate to provide for the City Approvals; (iii) upon Closing, obtain and make available the Bond Proceeds; and (iv) upon the end of the Operating Period, execute the Transfer. (c) Cost of Performance. All obligations undertaken by each party shall be performed at the cost of the party undertaking the obligation or responsibility, unless the other party has explicitly agreed herein to bear all or a portion of the cost either directly, by reimbursement to the other party, or through a Change Order. (d) Utility Availability. City, at its cost and expense, shall ensure that there are Utility Services in adjoining public rights-of-way or properly granted and recorded utility easements that serve the Project Site at adequate pressures, and in sufficient quantities and volumes, for the construction and use of the Project in accordance with the terms and conditions of this Agreement, including, without limitation, that City, at its cost and expense, shall make any improvements outside the Project Site that are necessary for City to satisfy the foregoing obligation with respect to Utility Services. Developer shall notify City of any deficiency in the Utility Services serving any Project Site prior to providing the Final Project Budget. (e) Required Permit and Project Approvals Fees. City shall, where possible to reduce the potential fee assessed, complete an application as the “Owner” of the Project for the Required Permits, the City Approvals, and/or Project Approvals. The parties acknowledge that the Project Site is located in the permitting jurisdiction of the City. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 8 (f) Project In Balance. Notwithstanding anything to the contrary contained in this Agreement, it is expressly understood and agreed that the Project at all times shall be In Balance relative to the Final Budget and Available Funds only (i.e., not with regard to the total amount of Bond Proceeds, a portion of which may be used by the City for other projects). Developer agrees that if for any reason the Project is not In Balance, Developer shall immediately make available, upon request of City, cash or other funds in an amount that will place the Project In Balance, which funds shall remain available for the Project until the substantial completion thereof. 3. Term. This Agreement shall be effective as of the Effective Date and shall continue until the earlier to occur of: (a) termination of this Agreement by either party pursuant to its terms and conditions; or (b) the Transfer. 4. Development Work. (a) Staffing Requirements. All persons engaged by Developer for Development Work shall have requisite skills for the tasks assigned. Developer shall employ or engage and compensate design professionals and other consultants to perform all architectural engineering and other services required for the Development Work. All firms and personnel performing Development Work, including the design professionals, General Contractor, subcontractor firms, and other personnel, shall meet the licensing and certification requirements imposed by applicable Laws. (b) Construction Manager. Developer shall designate a Construction Manager, who shall be present on the Project Site when the Developer is performing the Development Work as necessary to ensure the complete and accurate development of the Project. The Construction Manager shall, among other things, attend all meetings with the City relative to the development of the Project. (c) Compliance with Laws. (i) Compliance Obligations. Developer shall perform the Development Work in compliance with all applicable Laws and shall cause the General Contractor and its subcontractors to comply with the Laws. (ii) Governmental Approvals. Developer shall make all filings, applications, and reports necessary to be made to obtain and maintain all governmental approvals required for the performance of the Development Work (except for those governmental approvals that are the responsibility of the City as specified herein) and shall comply with the terms of such governmental approvals. (iii) Registration, Licensing, and Certification Requirements. Developer shall ensure that all persons performing the Development Work, including the General Contractor and all subcontractors, comply with all registration, licensing, and certification requirements imposed by the Laws. (d) Right of Entry. On or after the Effective Date and pursuant to the terms of the Development Easaement, Developer and its authorized subcontractors shall have the right and a non-exclusive license to enter on the respective Project Site, and other lands as may be specified in writing by the City and that are owned by or in possession and control of the City or subject to a right of entry or access in favor of the City, for the purpose of carrying out Developer’s obligations under this Agreement. The Development Easement may be subject to interim limits on activities as directed by the City. Absent agreement by the parties to a later date, the Development Easement shall automatically terminate at the end of the Term. (e) Developer Control of Development Work; No City Responsibility. Developer shall have total control of the Development Work and shall effectively direct and supervise the Developer Work so that it is undertaken in compliance with the terms of this Agreement. Developer shall have the DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 9 sole and exclusive responsibility and liability for the design, construction, and performance of the Project during the Term. Nothing in this Agreement shall be interpreted as giving any responsibility for the Development Work to the City or its advisors. The City may, at its cost, retain an Owner’s Representative or advisors prior to and during the period of the Development Work to consult with and advise the City, but the City’s advisors shall have no authority to render decisions for or otherwise bind the City. City may, via written notice to Developer, delegate its decision-making authority to its Owner’s Representative. City may share with its advisors all information which the City receives and/or develops with respect to the Project and the City’s advisors may, at the request or direction of the City, attend all meetings related to the development, design, and construction of the Project to which the City has the right to be present. City’s advisors shall be retained solely for the benefit of the City and the City’s advisors do not owe any duty or responsibility to the Developer. The City’s decision to retain advisors shall in no manner change, affect, limit, or otherwise diminish the duties and responsibilities of the Developer as established in this Agreement. (f) Materials, Labor, and Services. Developer shall furnish all necessary architectural, design, and engineering services, labor, materials equipment, supplies, tools, scaffolding, transportation, utilities, insurance, temporary facilities and utilities, completed structures, assemblies, fabrications, acquisitions installations, testing, and things and services of every kind whatsoever necessary for the full performance and completion of the Developer’s design, engineering, construction, and commissioning of the Project during the Term. The materials, machinery, structures, improvements, and equipment to be furnished as part of the Development Work shall be new, of recent manufacture, and of good quality. (g) Standards of Workmanship and Materials. Where this Agreement does not specify any explicitly quality or standard for construction material or workmanship, the Developer shall use only workmanship and new materials of a quality consistent with that of construction workmanship and those methods, means, techniques, standards, and practices, which, at the time they are to be employed and in light of the circumstances known or reasonably believed to exist at such time, are generally recognized and accepted as good practice in the delivery of public or institutional facilities serving purposes similar to the Project. (h) Quality Assurance and Quality Control. The Developer shall have the full responsibility for quality assurance quality control of the Development Work. (i) Laydown Areas. Laydown and staging areas for construction materials shall be as approved in the GMP Report. Developer shall bear all responsibility for arranging and, if necessary, paying for the laydown and staging area indicated in the GMP Report. If required, Developer shall also provide construction office space at its own cost and expense. If at any time during the Developer’s work on the Project Site the City should require that Developer’s laydown and staging areas be relocated, City shall bear all responsibility for arranging and, if necessary, paying for the new laydown and staging area and the relocation of materials thereto. (j) Maintenance and Security of the Project Site. During performance of the Development Work, the Developer shall be responsible for the overall maintenance and security of the Project Site. The Developer shall keep the Project Site neat and orderly at all times, and shall clean up and remove all rubbish and construction debris from the Project Site as they accumulate. (k) Title and Risk of Loss. Title to the structures, improvements, fixtures, machinery, equipment and materials constituting the Project shall pass to the City upon incorporation into the Project, free and clear of all Liens as provided in this Agreement. The Developer shall bear all risk of loss concerning the Development Work during the term of the Development Work, regardless of the extent to which the loss was insured or the availability of insurance proceeds. (l) Encumbrances. The Developer shall not directly or indirectly, without the City’s consent, crate or permit to be created or to remain, and shall promptly discharge or bond over any Encumbrance arising on the Project, the Project Site, or the Development Work, other than the DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 10 Permitted Encumbrances, arising out of the Developer’s construction of the Project. To the extent permitted by the Laws, the Developer waives any right or claim to any Lien or Encumbrance upon the Project or the Project Site that may exist under the Laws or in equity for failure of the City to pay amounts due to the Developer. (m) BIM. If requested by City, Developer shall use BIM for the Project, or portions thereof, as mutually agreed by the parties. City and Developer shall agree on the appropriate protocols and terms and conditions applicable to the use of BIM on the Project. City shall work collaboratively with Developer to provide existing data and information, if any, required to integrate existing facilities into the BIM model. Upon transfer of ownership of the BIM to the City, Developer shall have full access to and right to use the BIM, until such time as City and Developer may mutually agree otherwise. (n) Information Technology Work. Consistent with the approved IT Plan, Developer shall be responsible for the installation of all IT Infrastructure necessary to construct and equip the Project. (o) FF&E. Consistent with the approved FF&E Plan, Developer shall be responsible for the procurement and installation of the FF&E. (p) Relocation. Consistent with the approved Relocation Plan, Developer shall be responsible for the relocation of users and all FF&E within the Project during the renovation of existing spaces and construction of new spaces, including but not limited to coordination of such move(s) in collaboration with the City users, physical relocation of all FF&E within such space, and storage of such FF&E, if required. The Relocation Plan shall take best efforts to ensure that such relocation has the least disruptive impact on City operations as possible and shall at no point leave City without the ability to operate within the Project. (r) Commissioning. During the period between substantial completion of the Project and the Transfer, Developer shall: (a) coordinate the Commissioning of the Project with City and its Commissioning Agent; (b) provide all relevant documents, including any results of any Commissioning Tests; and (c) promptly address all issues identified by City and its Commissioning Agent during such process. 5. Closing. Subject to the terms and conditions of this Agreement, the Closing shall occur on or before April 15, 2022. The Closing Date shall be established mutually by Developer and City, and the Closing shall take place at such location as Developer and City mutually agree. At Closing, the Bond Proceeds (less any amount thereof to be disbursed at Closing) shall be available for disbursement in accordance with the terms and conditions of this Agreement and the Trust Indenture. 6. Closing Documents. At the Closing, the documents and instruments set forth in this Section shall be executed and/or delivered, including: (a) the Ancillary Agreements; (b) a confirmation by each of Developer and City of the applicable representations and warranties set forth in Section 8; (c) an affidavit affirming that Developer: (i) is enrolled in the E-Verify Program; (ii) is participating in the E-Verify Program; and (iii) does not knowingly employ, or contract with, any Unauthorized Aliens; (d) copies of such resolutions, consents, authorizations, and other evidence as either party reasonably may request to establish that: (i) the persons executing and delivering the foregoing documents have been empowered and authorized by all necessary action of Developer or City, as the case may be; and (ii) the execution and delivery of such documents, and the performance by DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 11 Developer or City of its obligations hereunder and under the foregoing documents, have been authorized by Developer or City, as the case may be; and (e) such other customary documents and instruments as either party reasonably may request in connection with the Closing. 7. Conditions. (a) Mutual. Except to the extent waived by proceeding to the Closing, the obligation of each of Developer and City to proceed to the Closing is subject to the satisfaction, as of the Closing Date, of the conditions set forth in this Subsection. (i) City and Developer have agreed on the form and substance of the Closing Documents. (ii) Developer has obtained, or Developer and City are satisfied that Developer will be able to obtain, all Required Permits, Project Approvals, and City Approvals. (ii) Developer shall have submitted to City, and City shall have approved, the GMP Report and related materials. (iii) City has obtained all necessary approvals for, and has determined that it will be able to sell any instruments required for, the availability of the Bond Proceeds, including, but not limited to, Council approval. (iv) Developer is enrolled in the E-Verify Program. (b) Developer. In addition to the conditions set forth in Subsection 7(a), the obligation of Developer to proceed to the Closing is subject to the satisfaction, as of the Closing Date, of the conditions set forth in this Subsection. (i) Developer has determined that no test, inspection, examination, study, investigation, or title search of or with respect to the Project Site establishes that there are conditions that would interfere with, or prohibit, the construction of the Project, including but not limited to environmental or geotechnical conditions, in accordance with the terms and conditions of this Agreement. (ii) There is no continuing breach by City of this Agreement, and all of the representations and warranties of City set forth in Section 8 are true and accurate in all respects. (c) City. In addition to the conditions set forth in Subsection 7(a), and except to the extent waived by City prior to the Closing, the obligation of City to proceed to the Closing is subject to the satisfaction, as of the Closing Date, of the conditions set forth in this Subsection. (i) There is no continuing breach by Developer of this Agreement. (ii) All of the representations and warranties of Developer set forth in Section 8 are true and accurate in all respects. (d) Condition Failure. If one or more of the conditions set forth in this Section is not, or cannot be, timely and completely satisfied, then, as its sole and exclusive remedy, the applicable party either may elect to: (a) waive satisfaction of the conditions and proceed to Closing; or (b) terminate this Agreement by a written notice to the other party; provided that, with respect to breaches of this Agreement by a party, the other party shall have the rights and remedies set forth in Section 12. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 12 Notwithstanding anything to the contrary set forth herein, Developer and City shall work diligently and in good faith to satisfy the conditions set forth in this Section. 8. Representations and Warranties. (a) City. City represents and warrants that: (i) it is a public body organized and existing under the laws of the State of Indiana; (ii) it shall not enter into any contracts or undertakings that would limit, conflict with, or constitute a breach of this Agreement; (iii) it has the power to enter into this Agreement and to perform its obligations hereunder; (iv) it has been authorized by proper action to execute and deliver this Agreement, and to perform its obligations hereunder; and (v) this Agreement, once executed, is its legal, valid, and binding obligation. (b) Developer. Developer represents and warrants that: (i) it is a limited liability company organized and existing under the laws of the State of Indiana; (ii) it shall not enter into any contracts or undertakings that would limit, conflict with, or constitute a breach of this Agreement; (iii) it has the power to enter into this Agreement and to perform its obligations hereunder; (iv) it has been authorized by proper action to execute and deliver this Agreement, and to perform its obligations hereunder; (v) this Agreement, once executed, is its legal, valid, and binding obligation; (vi) there is no legal proceeding in process, pending, or overtly threatened or publicly announced, that could reasonably be expected to have a material and adverse effect on the execution and delivery of this Agreement; (vii) the Developer has carefully reviewed the whole of this Agreement and all Laws and as taken all steps it considers reasonably necessary to satisfy itself that nothing contained herein inhibits or prevents the Developer from developing the Project in accordance with this Agreement; (viii) it is in compliance in all material respects with the Laws applicable to Developer’s business and services. (c) Continuing Accuracy of Developer Representations. During the Term, the Developer shall not take any action, or omit to perform any act, that results in a representation and warranty made in this Section 8 becoming untrue. Developer shall promptly notify the City if any such representation and warranty becomes untrue. 9. Plan Refinement Process. (a) Design Considerations. The design of the Project undertaken and performed by the Developer shall be undertaken by a design team exercising such degree of care, skill, and diligence as would reasonably be expected from consultants qualified to perform services similar in scope, nature, and complexity to the design, as of the date of this Agreement. (b) Approvals. Developer, at its cost and expense, has submitted to City for its approval, and City has approved, the Schematic Design Drawings, the Design Development Documents, the Construction Schedule, and the GMP Report. The Schematic Design Drawings, Design Development Documents, Construction Schedule, and GMP Report, respectively, shall be final, subject to modifications by Change Orders. (c) Construction Drawings. Developer, at its cost and expense, has submitted to City for its review and approval the Construction Drawings with respect to each Construction Trade, which Construction Drawings have been approved by City. The Construction Drawings shall be final construction drawings with respect to the applicable Construction Trade, subject to modifications by Change Orders. (d) IT, FF&E and Relocation Plans. In accordance with the Plan Schedule, Developer, at is cost and expense, shall submit to City for its approval the IT Plan, FF&E Plan, and Relocation Plan. Within ten days after City receives the IT Plan, FF&E Plan, or Relocation Plan, City shall deliver to Developer written notice of approval or rejection of the submitted drawings, documents, or schedule; provided that, in the case of a rejection, such notice shall: (i) specify the part or parts that the City is rejecting; and (ii) include the specific basis for such rejection. Upon approval of the IT DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 13 Plan, FF&E Plan, or the Relocation Plan, such IT Plan, FF&E Plan, or Relocation Plan, respectively, shall be final, subject to modifications by Change Orders. (e) Re-submissions. If, at any stage of the Plan Refinement Process, City rejects any drawings, documents, or schedules, then, within ten days after Developer receives notice from City of such rejection, Developer shall revise, and submit to City, the applicable drawings, documents, or schedules. Within ten days after City receives the resubmitted drawings, documents, or schedules, City shall deliver to Developer written notice of approval or rejection; provided that, in the case of a rejections, such notice shall: (i) specify the part or party that City is rejecting; and (ii) include the specific basis for such rejection. Upon approval of the resubmitted drawings, documents, or schedules, the resubmitted drawings, documents, or schedules shall become part of the Final Plans subject to modifications by Change Orders. (f) Final Plans. Upon completion of the Final Documents and Drawings through the Plan Refinement Process, the aggregated Final Documents and Drawings shall constitute the complete Final Plans, subject to modification by Change Orders. All references herein to the Final Plans shall be deemed to be references to the Final Documents and Drawings, until such time as all of the Final Documents and Drawings are completed; provided that, when all of the Final Documents and Drawings are completed, all references herein to the Final Plans shall be deemed to be references to the Final Plans, as modified by Change Orders. (g) Budget/Costs. (i) As of the Effective Date, Developer has established the Project Budget and committed to the delivery of the Project therein. (ii) The Project Budget shall be the Final Budget, subject to modifications by Change Orders. Final approval of the Project Budget by City shall be evidenced by City issuing a Notice to Proceed. (iii) Notwithstanding any other provision of this Agreement, the Project Budget shall not include any costs related to the mitigation or remediation of environmental or geotechnical conditions existing on, in, or at the Project Site prior to the commencement of construction by Developer, unless such funds related to unforeseen environmental or geotechnical conditions have been released by City to Developer. In the event that Developer identifies any potential environmental or geotechnical issues at the Project Site, Developer shall: (A) immediately cease construction activity; and (B) provide written notice to City of such environmental condition. City shall, within 30 days of such written notice, commence remediation of such environmental or geotechnical condition. The cost of such remediation shall be at the sole expense of the City. The Substantial Completion Date shall be extended on a day for day basis for every day construction is delayed by City remediation activity. (h) Sales Tax. (i) As soon as reasonably is practicable, Developer shall submit the Construction Contract to City for its review. (ii) Promptly after receipt of the Construction Contract, City shall deliver the Sales Tax Exemption Form to Developer at the notice address set forth in the Construction Contract. (iii) Upon any assessment, or threatened assessment, of Indiana sales and/or use tax in connection with the purchase of any materials to construct, install, and/or complete the Project, Developer promptly shall notify City in writing. From and DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 14 after receipt of the foregoing notice, City shall provide such cooperation, information, and assistance as Developer and/or its contractor reasonably shall request. (iv) City shall indemnify and hold harmless Developer and the members, directors, officers, and employees of Developer, from and against any and all Claims arising from, or connected with: (A) the charging of Indiana sales and/or use tax in connection with the purchase of all or any portion of the materials incorporated into the Project; and/or (B) any interest and penalties assessed by the Indiana Department of Revenue with respect to the non-payment or late payment of Indiana sales and/or use tax in connection with the purchase of all or any portion of the materials to construct, install, and/or complete the Project; including, without limitation, reasonable attorneys’ fees and court costs. City shall not be responsible for the charging of any tax related to Developer’s failure to: (A) apply for an exemption from Indiana sales and/or use tax; (B) comply with the obligations of a party claiming the exemption; or (C) cooperate with any audit or investigation of the Indiana Department of Revenue regarding the sales tax exemption used as part of this Project. The obligations of City under this clause shall survive the termination of this Agreement. (i) Documents. Developer shall maintain: (a) at the Project Site all design and construction documents, including a complete set of record drawings; and (b) electronic access to all such documents through FTP or other project share site reasonably acceptable to City. These documents shall be available to the City for reference, copying, and use, and a complete set of such documents shall be delivered to the City upon completion of the Development Work. (j) Ownership of Design. All Final Plans shall constitute documents prepared for hire and shall become property of the City, including transfer of all intellectual property rights and all other tangible and intangible property interest. In the event that the Final Plans, or any portion thereof, are not deemed to be made on a “work for hire” basis, Developer irrevocably assigns all right, title, and interest, including intellectual property rights, in said Final Plans to the City. Developer agrees to execute such additional documents as may hereafter be reasonably requested by the City to further evidence such ownership and/or assignment to the City and Developer agrees to include or require provisions in all contracts with its design professionals, contractors, and subcontracts that are consistent with and implement the requirements in this Agreement. 10. Change Orders. (a) Developer Changes. If Developer desires to make any changes to the Final Plans, then Developer shall submit a Change Order Request to City for review and approval, together with an estimate of any increases or decreases to the approved Project Budget that would result from the change proposed in the Change Order Request. Within ten days after City receives the Change Order Request, City shall deliver to Developer written notice that it approves or rejects the Change Order Request; provided that: (i) City shall not withhold its approval unreasonably; (ii) it shall not be unreasonable for City to reject a Change Order Request if the change proposed in the Change Order Request would result in an increase in the Project Budget; and (iii) if City approves a Change Order Request for a change that would result in an increase in the Project Budget, then, notwithstanding anything to the contrary set forth herein, the amount of such increase shall be paid by City: (A) as such costs are incurred; or (B) in such a manner that the payment does not cause Developer or the Project Budget to incur any additional cost; provided that, in no event shall Developer have any obligations with respect to the payment of the amount of such increase. If City rejects all or any part of the Change Order Request, then such notice shall: (i) specify the part or parts that City is rejecting; and (ii) include the specific basis for such rejection. If City approves a Change Order Request, then Developer and City shall execute a Change Order. (b) City Changes. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 15 (i) If City desires to make any changes to the Final Plans, then City shall submit a Change Order Request to Developer for review and approval. Within five business days after Developer receives the Change Order Request, Developer shall deliver to City written notice stating whether the change proposed in the Change Order Request would result in an increase in the Project Budget; provided that, if the proposed change would result in an increase, then such notice also shall include an estimate of the amount of the increase. (i) If the foregoing notice states that the change proposed in the Change Order Request would not result in an increase in the Project Budget, then, within five business days after delivery of such notice, Developer shall deliver to City written notice that it approves or rejects the Change Order Request; provided that Developer shall not withhold its approval unreasonably. (iii) If the foregoing notice states that the change proposed in the Change Order Request would result in an increase in the Project Budget, then: (A) such notice also shall include an estimate of the amount of the increase; (B) within five business days after receipt of such notice, City shall provide written notice to Developer as to whether City would like to withdraw the Change Order Request. If City does not elect to withdraw the Change Order Request, then, within five additional business days, Developer shall deliver to City written notice that it approves or rejects the Change Order Request; provided that Developer shall not withhold its approval unreasonably. (iv) If Developer approves a Change Order Request, then Developer and City shall execute a Change Order. If the approved Change Order Request is for a change that will result in an increase in the Project Budget, then, notwithstanding anything to the contrary set forth herein, the increase in the Project Budget shall be paid by City in accordance with Section 10(a); provided that, in no event shall Developer have any obligations with respect to the payment of the amount of such increase. (v) If Developer rejects all or any part of the Change Order Request, then such notice shall: (A) specify the part or parts that Developer is rejecting; and (B) include the specific basis for such rejection. (c) Permitted Change. Notwithstanding anything to the contrary set forth herein: (i) Developer shall not be required to obtain the approval of City with respect to a Permitted Change; and (ii) a Change Order with respect to a Permitted Change shall be effective if executed only by Developer. 11. Construction. (a) Permits. Prior to commencing construction of the Project, Developer shall obtain and submit to City for its review the Required Permits. (b) Construction. Developer shall construct the Project: (i) in a good and workmanlike manner; (ii) in accordance with the Final Plans (as modified by any Change Orders) and the terms and conditions of this Agreement; (iii) in compliance with the Laws and the Required Permits; (iv) and provide the City with a warranty that: (A) the materials and equipment furnished will be of good quality and new unless the Final Plans require or permit otherwise; and (B) the Project has been constructed in compliance with the Final Plans; (v) provide the City with as-built Plan and to the extent granted to Developer, grant to City a license to use such Plans in the use, occupancy, operation, maintenance, repair, alterations, and additions to the Project; and (vi) provide the City with an assurance that the Developer will, for a period of one (1) year from the date of the issuance of the certificate of occupancy on the Development Work, correct any Nonconforming Work after DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 16 receipt of notice from the City to do so, unless the City has previously given Developer written acceptance of such Nonconforming Work, provided a Latent Defect shall not have been deemed accepted unless such Latent Defect is expressly identified in such written acceptance. If the City fails to: (i) notify the Developer of alleged Nonconforming Work with the one year period; and (ii) provide the Developer a reasonably period of time to correct the Nonconforming Work; then City waives the right to require correction of the Nonconforming Work by the Developer and waives the right to make a claim for breach of the Developer’s obligations under this section of the Agreement. If the Developer fails to correct Nonconforming Work within a reasonable time during that period after receipt of notice from the City, the City may: (i) correct the Nonconforming Work; and (ii) submit an invoice for reimbursement of the costs associated with such cure of the Nonconforming Work, which shall be paid by Developer within thirty (30) days of submission thereof. Notwithstanding any provision contained herein, restrictions on the length of warranties shall only apply to labor and/or workmanship. Developer acknowledges that it shall assign to City the manufacturer’s warranties, without limitation to time period. The provisions of this Section shall survive termination of this Agreement. (c) Safety and Security. Developer shall maintain safety at the Project Site during the term and security at the Project Site during the period of the Development Work at a level consistent with the standards for such similar projects in the immediate geographic area. Without limiting the foregoing, Developer shall: (i) take all necessary precautions for the safety and security of the Development Work and provide all necessary protection to prevent damage, injury, or loss caused by trespass, negligence, vandalism, malicious mischief, or any other course related to the Development Work for: (A) workers at and visitors to the Project Site; (B) passersby, neighbors, and adjacent properties; and (C) materials and equipment under the care, custody, or control of Developer or its subcontractors on the Project Site; (ii) establish and enforce all necessary safeguards for safety and protections, including posting danger signs and other warnings against hazards; (iii) implement a comprehensive safety program in accordance with the Laws; (iv) give all notices and comply with the Laws relating to the safety of persons or property or their protection from damage, injury, or loss; (v) operate and maintain all equipment in a manner consistent with the manufacturer’s safety requirements; (vi) provide for safe and orderly vehicular movements; (d) Operation. Developer shall operate the completed Project during the Operating Period; provided that City shall be responsible for the direct payment of all costs and expenses incurred in connection with such operation and Developer shall have no obligation to make any payment related to the operation of the Project during the Operating Period. (e) Records. Developer shall keep and maintain true, correct, accurate, and complete Books and Records. All Books and Records shall be kept and maintained in accordance with generally accepted accounting principles consistently applied. City and its attorneys, accountants, representatives, architects, engineers, and consultants at all reasonable times shall have: (i) free access to, and rights of inspection of, the Books and Records; and (ii) the right to audit, make extracts from, and receive from Developer originals or accurate copies of, the Books and Records. Nothing contained in this Section 11(e) shall be construed as making the Books and Records public records under the applicable Laws. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 17 (f) Bonds. Upon the issuance of the Construction Commencement Notice and until the Project has: (i) received its certificate of occupancy; and (ii) Developer has demonstrated that all outstanding payments have been made to subcontractors performing work and those persons or entities providing labor, materials and services for the Project, subject to amounts withheld in dispute or in retainage, to the sole satisfaction of the City; the Bonds shall be in effect. Notwithstanding the obligation of the Developer to provide the Bonds as provided for in this Agreement, the Developer also has an affirmative obligation to timely pay any and all subcontractors, suppliers, laborers, and service and to take all other action necessary to prevent the filing of Liens on the Project Site. (g) Warranties of Development Work. Developer shall, for the protection of the City, obtain from the General Contractor, all subcontractors, vendors, suppliers, and other persons from which Developer procures structures, improvement, fixtures, machinery, equipment, and materials to be incorporated in to the Project such warranties and guarantees as are normally provided with respect thereto and as are required under the Final Plans, each of which shall be assigned to the City from and after the expiration of the Term to the full extent of the terms thereof. No such warranty shall relieve Developer of any obligation hereunder, and no failure of any warranted or guaranteed structures, improvements, fixtures, machinery, equipment, or materials or a failure or refusal of a contractor or supplier to honor its warranty obligations shall be the cause for any increase in the Final Project Budget Costs or excuse any non-performance of the Development Work unless such failure is related to a breach of this Agreement by City. (h) Unauthorized Aliens. Developer: (i) shall verify the work eligibility status of all newly-hired employees through the E-Verify Program; and (ii) shall not: (A) knowingly employ, or contract with, an Unauthorized Alien; or (B) retain an employee, or contract with a person, that Developer learns is an Unauthorized Alien. To the extent required by IC §§22-5-1.7, Developer shall require its contractor and each subcontractor to certify to Developer that, at the time of certification, the contractor or such subcontractor: (i) does not knowingly employ, or contract with, any Unauthorized Aliens; and (ii) has enrolled, and is participating, in the E-Verify Program. Developer shall maintain such certifications on file until the construction contract or the applicable subcontract expires or is terminated. (i) No Discrimination. Developer shall not discriminate against any employee or applicant for employment because of race, sexual orientation, gender or gender identity, religion, color, national origin, ancestry, age, disability, or United States Military service veteran status. Developer agrees to, or cause its contractor or its subcontractors to: (i) post in conspicuous places, visible to employees and applicants for employment, notices setting forth the provisions of this Subsection; and (ii) state, in all solicitations or advertisements for employees placed or published by or on behalf of Developer, that all qualified applicants will receive consideration for employment without regard to race, sexual orientation, gender or gender identity, religion, color, national origin, ancestry, age, disability, or United States Military service veteran status. 12. Observation. (a) Observation. Upon reasonable written notice delivered to Developer, which notice shall specify the portion of the construction to be observed, City may perform a Permitted Observation. If applicable after a Permitted Observation, City shall deliver a Non-Compliance Notice to Developer. (b) Final Observation. Developer shall deliver to City a written request for the Final Observation of the Project at least five business days prior to the Substantial Completion Date. On or before the later of the date that is five business days after: (i) receipt by City of such request; or (ii) the Substantial Completion Date; City shall: (i) conduct the Final Observation; and (ii) deliver to Developer, if applicable, a Non-Compliance Notice. Upon: (i) correction of all Material Defects identified in the Non-Compliance Notice; or (ii) deemed acceptance pursuant to Subsection 12(c); City shall have no further inspection rights pursuant to this Agreement with respect to the Project. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 18 Within five business days after City conducts the Final Observation, Developer and City shall identify the “punch-list” items. Developer shall complete all “punch-list” items within 60 days after the “punch-list” items are identified. (c) Non-Compliance. If City delivers to Developer a Non-Compliance Notice following an Observation in accordance with this Section or after deemed acceptance as provided for in Section 12(b), then Developer shall correct, as soon as is practicable, all Material Defects identified in the Non-Compliance Notice. All items or components of the Project with respect to which: (i) an Observation is conducted; and (ii) no Material Defects are identified in a timely Non-Compliance Notice; shall be deemed to be accepted by City. (d) Latent Defects. Notwithstanding anything to the contrary set forth herein, no acceptance, or deemed acceptance, by City pursuant to this Section shall be applicable with respect to any Latent Defects. (e) General. (i) In connection with any Observation pursuant to this Section, City shall: (A) comply with all health and safety rules of which City has been informed that have been established for personnel present on the construction site; and (B) coordinate the observations so that the observations do not interfere with the performance of construction. Developer shall have the right to accompany, and/or have its construction manager accompany, City during any Observation. (ii) An acceptance, or deemed acceptance, by City pursuant to this Section shall not mean that City has accepted, or Developer has been relieved of, responsibility for: (A) compliance with the Laws; (B) the proper application of construction means or methods; or (C) correcting any portion of the Project if it later is determined that such portion is inconsistent with the as-built plans as described in Section 11(b) or proper completion of a subsequent portion of the Project. (iii) Performance of an Observation by City shall not relieve Developer of its obligations to obtain all inspections required by the Laws. 13. Disbursements. (a) Initial Disbursement. Attached as Exhibit F is Developer’s initial Disbursement Request. (b) Disbursement Requests. Upon the receipt from the Developer of a Disbursement Request with respect to the Project Costs (including the required accompanying documents and in the form attached hereto as Exhibit G), City shall request that the Trustee disburse a corresponding amount of Bond Proceeds to parties identified in the Disbursement Request pursuant to the terms and conditions of the Trust Indenture, which may include the Developer if: (i) the Developer has previously paid costs identified in the Disbursement Request; or (ii) the Developer is owed fees, other expenses, or unused contingency pursuant to the Project Budget; provided that, no disbursement shall be made while there is a continuing Event of Default by Developer that is occurring beyond the applicable cure period. (c) Frequency. City shall not be required to disburse Bond Proceeds more frequently than monthly, or as otherwise required under the Trust Indenture. 14. Insurance. (a) Insurance Policies. During construction of the Project and terminating upon the Substantial Completion Date, Developer shall maintain the policies of insurance, including but not limited to Builder’s Risk, General Commercial Liability, and Workers Compensation, reflected on the DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 19 certificate attached hereto as Exhibit C. Each such policy shall be written by a company reasonably acceptable to City, and Developer shall provide notice of any intended modification to, or cancellation of, such policy to City at least 30 days in advance. The policies of insurance required by this Section to be maintained by Developer shall name City as an additional insured. Developer shall deliver to City certificates of the insurance policies required by this Section, executed by the insurance company or the general agency writing such policies. (b) Risk of Loss. If the Project Site, or any part thereof, is: (a) damaged or destroyed by fire or other casualty; or (b) taken by condemnation; then City may apply the proceeds or any insurance policy or condemnation award to the Final Project Budget. 15. Key Personnel. (a) Key Personnel Identified. Developer shall make commercially reasonable efforts to retain, employ, and utilize the individuals specifically identified in Exhibit D to fill the corresponding positions listed therein. Developer shall not change or substitute such individuals except due to retirement, death, disability, incapacity, or voluntary or involuntary termination of employment, or as otherwise approved by the City pursuant to Subsection 15(b). (b) Replacement. Developer shall provide notice to the City of any proposed replacement for any key personnel positions. The City shall have the right to review the qualifications and character of each individual to be appointed to a key personnel position (including, personnel employee by contracts to fill any such position) and to state any basis for disapproving Developer’s use of such individual in such position prior to the commencement of any services by such individual. (c) Commitment to Project. Developer shall cause each individual filling a key personnel position to dedicate the full amount of time necessary for the proper prosecution and performance of the Development Work. Developer shall commit each of the key personnel identified in Exhibit D to the Project such as to reasonably ensure that all such individuals shall be able to fulfill their respective duties on the Project. 16. Transfer. Upon the: (a) expiration of the Operating Period; or (b) a termination of this Agreement pursuant to Section 21; Developer and City shall execute the Transfer. At the Transfer, the following documents and instruments shall be executed and delivered: (a) any documents reasonably required by City to evidence the conveyance of the Project to the City or its designee; (b) a confirmation by each of Developer and City of the applicable representations and warranties set forth in Section 8; (c) “as-built” drawings, in the form of marked-up drawings maintained by Developer or its subcontractors showing significant or material changes or deviations made from the Final Plans during construction. Developer shall compile a set of final drawings, incorporating the “as-built” information from the “as-built” drawings provided to it. City shall be entitled to assume the information provided on the “as-built” drawings to be reliable and to accurately reflect the actual, as-built conditions of the Development Work so depicted; (d) copies of such resolutions, consents, authorizations, and other evidence as either party reasonably may request to establish that: (i) the persons executing and delivering the foregoing documents have been empowered and authorized by all necessary action of Developer or City, as the case may be; and (ii) the execution and delivery of such documents, and the performance by Developer or City of its obligations hereunder and under the foregoing documents, have been authorized by Developer or City, as the case may be; and DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 20 (e) such other customary documents and instruments as either party reasonably may request in connection with the Transfer. 17. Default. (a) Events of Default. It shall be an “Event of Default” if either party fails to perform or observe any term or condition of this Agreement to be performed or observed by it: (i) with respect to the obligation to pay money, if such failure is not cured within ten days after such payment is due; and (ii) with respect to any other obligation, if such failure is not cured within the Cure Period. (b) Remedies. Whenever an Event of Default occurs, the non-defaulting party may take such actions at law or in equity as are necessary or appropriate to: (i) collect any payments due under this Agreement; (ii) protect the rights granted to the non-defaulting party under this Agreement; (iii) enforce the performance or observance by the defaulting party of any term or condition of this Agreement (including, without limitation, the right to specifically enforce any such term or condition); or (iv) cure, for the account of the defaulting party, any failure of the defaulting party to perform or observe a material term or condition of this Agreement to be performed or observed by it. If the non-defaulting party incurs any costs or expenses in connection with exercising its rights and remedies under, or enforcing, this Agreement (including, without limitation, attorneys’ fees and court costs), then the defaulting party shall reimburse the non-defaulting party for all such costs and expenses (including, without limitation, attorneys’ fees and court costs), together with interest at the rate of 10% per annum. (c) No Remedy Exclusive. No right or remedy herein conferred upon, or reserved to, a non- defaulting party is intended to be exclusive of any other available right or remedy, unless otherwise expressly stated; instead, each and every such right or remedy shall be cumulative and in addition to every other right or remedy given under this Agreement or now or hereafter existing at law or in equity. No delay or omission by a non-defaulting party to exercise any right or remedy upon any Event of Default shall impair any such right or remedy, or be construed to be a waiver thereof, and any such right or remedy may be exercised from time to time, and as often as may be deemed to be expedient. To entitle a non-defaulting party to exercise any of its rights or remedies, it shall not be necessary for the non-defaulting party to give notice to the defaulting party, other than such notice as may be required by this Section or by the Laws. (d) Waiver. No failure to exercise, and no delay in exercising, any right or remedy under this Agreement will be deemed to be a waiver of that right or remedy. No waiver of any breach of any provision of this Agreement will be deemed to be a waiver of any subsequent breach of that provision or of any similar provision. (e) No Special, Consideration, or Punitive Damages. In no event shall either party hereto be liable to the other or obligated in any manner to pay to the other party any special, incidental, consequential, punitive, or similar losses of damages based upon claims arising out of or in connection with the performance or no=performance of its obligations or otherwise under this Agreement, or any representation made in this Agreement being materially incorrect, whether such claims are based upon contract, tort, negligence, warranty, or any other legal theory. This Section shall not limit the recovery of any such losses or damages under Section 18 (Mutual Indemnification) in respect of claims by third parties. (f) Liquidated Damages for Failure to Meet Project Schedule. If Developer does obtain a certificate of occupancy for the Project by the date set forth in the Plan Schedule, liquidated damages will be assessed and recovered by City to compensate City for such delay in completion. City will incur substantial economic damages and losses which are and will hereafter be difficult or impossible to quantify, ascertain, and prove as actual damages for such delay. Such damages are foreseen to include, without limitation, extended or additional costs for observation or inspection, or professional services provided by Owner Representative and Owner’s consultants. Accordingly, in lieu of actual damages, and not as a penalty, Developer and its surety shall be liable to City, and DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 21 City shall be entitled to collect and recover from Developer and its surety, liquidated damages in the amount of $1,000 per day for each calendar day that a certificate of occupancy is not provided beyond the date set forth in the Plan Schedule, as adjusted for time extensions pursuant to Force Majeure. The amount of liquidated damages shall double every 15 calendar days that such failure to complete the Project continues. 18. Mutual Indemnification. (a) Developer. Developer shall indemnify and hold harmless City from and against any and all Claims arising from or connected with: (i) mechanics’ liens filed against the Project or the Project Site for work performed by Developer or any party acting by, under, through, or on behalf of Developer; (ii) breaches by Developer under contracts to which Developer is a party, to the extent that such contracts relate to the performance of any work on the Project Site by Developer or any party acting by, under, through, or on behalf of Developer; (iii) injury to, or death of, persons or loss of, or damage to, property, suffered in connection with performance of any work on the Project Site by Developer or any party acting by, under, through, or on behalf of Developer; (iv) the negligence or wilful misconduct of Developer or any party acting by, under, through, or on behalf of Developer; or (v) the breach by Developer of any term or condition of this Agreement, including but not limited to the failure of Developer to timely pay subcontractors, suppliers, laborers and service providers. (b) City. City shall indemnify and hold harmless Developer from and against any and all Claims arising from or connected with: (i) the negligence or wilful misconduct of City or any party acting by, under, through, or on behalf of City; or (ii) the breach by City of any term or condition of this Agreement. Notwithstanding anything to the contrary set forth herein, the obligations of the parties under this Section shall survive the termination of this Agreement. 19. Assignment. Neither City nor Developer shall assign this Agreement without the prior written consent of the other party, provided that: (a) without the prior written approval of Developer, City may assign this Agreement to another agency or instrumentality of the City that is legally able to perform the obligations of the City hereunder; and (b) without the prior written approval of City, Developer may assign this Agreement to any entity in which the principals of the Developer hold a controlling interest. Notwithstanding any assignment permitted under this Section, Developer or City, as the case may, shall remain liable to perform all of the terms and conditions to be performed by it under this Agreement, and the approval by the other party of any assignment shall not release Developer or City, as the case may be, from such performance. 20. Notice. Any notice required or permitted to be given by either party to this Agreement shall be in writing, and shall be deemed to have been given when: (a) delivered in person to the other party; or (b) sent by national overnight delivery service, with confirmation of receipt, addressed as follows: to Developer at Envoy Construction Services, LLC, 8890 East 116th Street, Suite 250, Fishers, Indiana 46250, Attn: John Barbee, with a copy to: Taft Stettinius & Hollister, One Indiana Square, Suite 3500, Indianapolis, Indiana 46204, Attn: Cameron G. Starnes, and to City at City Department of Administration, One Civic Square, Carmel, Indiana 46032, Attn: Jim Crider, with a copy to Corporation Counsel, One Civic Square, Carmel, Indiana 46032, Attn: Jon Oberlander and to Wallack Somers & Haas, PC, One Indiana Square, Suite 2300, Indianapolis, Indiana 46204, Attn: Adam W. Collins. Either party may change its address for notice from time to time by delivering notice to the other party as provided above. 21. Termination and Incurred Expenses. If this Agreement terminates pursuant to the terms and conditions of this Agreement, Developer shall: (a) assign to City its right, title, and interest in and to the Final Plans and the materials obtained by it in connection with the due diligence undertaken by Developer, if any, which rights, title, and interest shall not prohibit City from using the Final Plans and materials in connection with the construction of the Project; and (b) in accordance with the terms and conditions of this Agreement, cuase and complete the Transfer; within 10 days of notice of such termination. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 22 22. Authority. Each undersigned person executing this Agreement on behalf of Developer and City represents and certifies that: (a) he or she has been empowered and authorized by all necessary action of Developer and City, respectively, to execute and deliver this Agreement; (b) he or she has full capacity, power, and authority to enter into and carry out this Agreement; and (c) the execution, delivery, and performance of this Agreement have been authorized by Developer and City, respectively. 23. Force Majeure. Notwithstanding anything to the contrary set forth herein, if either party is delayed in, or prevented from, observing or performing any of its obligations under, or satisfying any term or condition of, this Agreement as a result of Force Majeure; then: (a) the party asserting Force Majeure shall deliver written notice to the other party; (b) such observation, performance, or satisfaction shall be excused for the period of days that such observation, performance, or satisfaction is delayed or prevented; and (c) the deadlines for observation, performance, and satisfaction, as applicable, shall be extended for the same period. 24. Taxes. City shall be solely responsible for, and shall pay and discharge when due all taxes, assessments, and other governmental charges that are lawfully imposed upon the Project Site, the Project, or any party thereof. 25. Reference Information Documents. (a) The City has provided and disclosed to the Developer the Reference Information Documents. The Reference Information Documents are provided only for the purposes of disclosure. (b) The City shall not be responsible or liable in any respect for any causes of action, claims, or losses whatsoever suffered by the Developer or any person performing on its behalf by reason of any use of information, opinions, or recommendations contained in, any conclusions the Developer may draw from, or any action or forbearance in reliance on, the Reference Information Documents, except to the extent that information in the Reference Information Documents is expressly made the basis for any schedule or monetary relief available hereunder. (c) The City does not represent, warranty, or guarantee the accuracy, completeness, or fitness of and the Developer is not entitled to rely upon a presumption that: (i) the Reference Information Documents comply with, or are otherwise in conformity with, the requirements of this Agreement, any necessary governmental approvals, or the Laws. 26. Non-Discrimination. In accordance with Indiana Code 22-9-11-10, the Developer shall not discriminate against any employee or applicant available for employment, to be employed in the performance of this Agreement, with respect to hire, tenure, terms, and conditions or privileges of employment, because of such person’s race, color, religion, sex, disability, national origin, or ancestry. 27. Dealings with Iran. In accordance with Indiana Code 5-22-16.5, by executing this Agreement, Developer certifies that Developer is not engaged in investment activities with Iran. 28. Debarment and Suspension. (a) Developer certifies, by entering into this Agreement, that neither it nor its principals nor any of its subcontractors are presently debarred, suspended, proposed for debarment, declared ineligible or voluntarily excluded from entering into this Agreement by any federal agency or by any department, agency, or political subdivision of the State. The term “principal” for the purposes of this Section means an officer, director, owner, partner, key employee, or other person with primary or supervisory responsibility, or a person who has a critical influence or substantive control over the operations of the Developer. (b) Developer certifies that it has verified the state and federal suspension and debarment status for all subcontractors receiving funds under this Agreement and shall be solely responsible DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 23 for any recoupment, penalties, or costs that might arise from the use of a suspended or debarred subcontractor. Developer shall immediately notify the City if any subcontractor becomes debarred or suspended, and shall, at the City’s request, take all steps required by the City to terminate Developer’s contractual relationship with the subcontractor for work to be performed under this Agreement. 29. Ownership of Project. The Project shall be owned by the City at all times. Developer shall not have any legal, equitable, or other ownership interest in the Project. 30. Relationship of the Parties. Developer is an independent contractor of the City and the relationship between the parties shall be limited to performance of this Agreement in accordance with its terms. Neither party shall have any responsibility with respect to the services to be provided or contractual benefits assumed by the other party. Nothing in this Agreement shall be deemed to constitute either party a partner, agent, or legal representative of the other party. No liability or benefits, such as worker compensation, pension rights or liabilities, or other provisions or liabilities arising out of or related to a contract employee as a result of this Agreement or the performance thereof. 31. Developer Assumption of Risk. Except to the extent expressly allocated to the City or otherwise provided for under this Agreement, all risks, costs, and expenses in relation to the performance by the Developer of the obligations under this Agreement are allocated to, and accepted by, Developer as its entire and exclusive responsibility. 32. Actions of the City in its Governmental Capacity. Nothing in this Agreement shall be interpreted as limiting the rights and obligations of the City (or any department or agency thereof) under the Laws in their governmental capacity. 33. Miscellaneous. Subject to Section 16, this Agreement shall inure to the benefit of, and be binding upon, Developer and City, and their respective successors and assigns. This Agreement constitutes the entire agreement between Developer and City with respect to the subject matter hereof, and may be modified only by a written agreement signed by both Developer and City. The invalidity, illegality, or unenforceability of any one or more of the terms and conditions of this Agreement shall not affect the validity, legality, or enforceability of the remaining terms and conditions hereof. Whenever in this Agreement a singular word is used, it also shall include the plural wherever required by the context and vice versa. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Indiana. All proceedings arising in connection with this Agreement shall be tried and litigated only in the state courts in Hamilton County, Indiana, or the federal courts with venue that includes Hamilton County, Indiana. Developer waives, to the extent permitted under applicable law: (a) the right to a trial by jury; and (b) any right Developer may have to: (i) assert the doctrine of “forum non conveniens”; or (ii) object to venue. All Exhibits to this Agreement are attached hereto and incorporated herein by reference. All Exhibits to this Agreement are attached hereto and incorporated herein by reference. The parties waive the application of any rule of law which otherwise would be applicable in connection with the construction of this Agreement that ambiguous or conflicting terms or provisions should be construed against the party who (or whose counsel) prepared the executed agreement or any earlier draft of the same. [Remainder of page left intentionally blank.] DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 24 IN WITNESS WHEREOF, Developer and City have executed this Public Private Agreement (Carmel Police and City Court BOT) as of the date set forth above. DEVELOPER: Envoy Construction Services, LLC By: Printed: Title: CITY: City of Carmel, Indiana By: ______________________________ Printed: ___________________________ Title: ______________________________ DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 25 INDEX TO EXHIBITS Exhibit A Depiction of Project Site Exhibit B Plan Schedule Exhibit C Required Insurance Policies (Developer) Exhibit D Key Personnel Exhibit E Project Budget Exhibit F Initial Disbursement Request Exhibit G Form of Disbursement Request Exhibit H GMP Report DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 26 EXHIBIT A Depiction of Project Site DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 27 EXHIBIT B Plan Schedule Plan Type: Completion Date: IT Plan On or before the Closing Date FF&E Plan On or before the Closing Date Relocation Plan On or before the Closing Date DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 28 EXHIBIT C Required Insurance Policies (Developer) Insurance shall be not less than the amounts set forth below: A. Commercial General Liability (Occurrence Basis) Covering bodily injury, personal injury, property damage, contractual liability, and product/completed operations. Each Occurrence Limit: $1,000,000 Damage to Rented Premises: $100,000 (each occurrence) Medical Expense Limit: $5,000 Personal and Advertising Injury Limit: $500,000 General Aggregate Limit: $2,000,000 (other than products/completed operations) NOTE: GENERAL AGGREGATE TO APPLY PER PROJECT Products/Completed Operations: $1,000,000 B. Auto Liability $1,000,000 (combined single limit) (owned, hired, & non-owned) Bodily Injury & Property Damage: $1,000,000 (each accident) C. Excess/Umbrella Liability: $2,000,000 (each occurrence and aggregate) D. Worker’s Compensation & Disability: Statutory E. Employer’s Liability: Bodily Injury by Accident/Disease: $100,000 each employee Bodily Injury by Accident/Disease: $250,000 each accident Bodily Injury by Accident/Disease: $500,000 policy limit F. Professional Liability Insurance. Developer shall carry and maintain during the continuance of this Agreement, professional liability insurance in the amount of $1,000,000 for single limit claims and $2,000,000 in the aggregate. Developer’s policy of insurance shall contain prior acts coverage sufficient to cover all work performed by Developer for this Project. Upon City’s request, Developer shall give prompt notice to City of any and all claims made against this policy during the period in which this policy is required to be maintained pursuant to this Agreement. If the insurance is written on a claims-made basis and coverage is cancelled at any time, Developer will obtain, at its cost, an extended reporting endorsement which provides continuing coverage for claims based upon alleged acts or omissions during the term of the Agreement until all applicable statute of limitation periods have expired. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 29 G. Builder’s Risk. In the amount of the design and construction cost for the respective Project Developer shall provide City with a certificate of insurance, naming City as an “additional insured”, showing such coverage then in force (but not less than the amount shown above), shall be filed with City prior to commencement of any work. These certificates shall contain a provisions that the policies and the coverage afforded will not be canceled until at least 30 days after written notice has been given to the City. Developer may, with the prior approval of City, substitute different types of coverage for those specified if the total amount of protection is not reduced. Developer shall be responsible for all deductibles. Nothing in the above provision shall be operate as or be construed as limiting the amount of liability of Developer in the above enumerated amounts. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 30 EXHIBIT D Key Personnel DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 31 EXHIBIT E Project Budget DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 32 EXHIBIT F Initial Disbursement Request To be provided at or prior to Closing. DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 33 EXHIBIT G Form of Disbursement Request DISBURSEMENT REQUEST Disbursement No.: ___________________ Date: ___________________ Disbursement Amount: $______________________ __________________ (the “Developer”), pursuant to a Public Private Agreement (Carmel Police Station and City Court BOT) dated March __, 2022, among the Developer and City of Carmel, Indiana, hereby requests the disbursement of funds in the Disbursement Amount stated above and certifies that such amount is in accordance with the attached AIA Document G702 and AIA Document G703 and the attached invoices, lien releases and other documentation provided in support of this Disbursement Request. The issuance of an application for payment also shall constitute a representation that the entities list in Schedule I attached hereto are entitled to payment in the amount certified, or that the Developer has already paid such entities and is entitled to reimbursement in the amount certified. ___________________________________ By: Printed:_____________________________ Title:_______________________________ DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810 34 EXHIBIT H GMP Report DocuSign Envelope ID: DE5C583D-415D-4A00-BC51-93EAB8A5B810