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HomeMy WebLinkAboutGray Rd Improvements/Carmax (2)NT AC10OWLEDGMEN&jW T ???M syez- ' SE IMl'ROVEMEI'" PA R- A and between the GRAY RO O PERF0RM?CE day AND of BOND 2004, by /? this This Agreement is entered Superstore, Inc. «Carmaac„): d CM-Max Auto August 20, 2002, to el"), an from of Carmel, Indiana ("Calm Carmel on or about el, Clay City o WHEREAS; Carmax obtained approval Street, Caren auto superstore at the northwest corner of Gray Road and 96th construct an of subsequent to that d:ue for Purpose' Township, Indiana; and ennit was issued : WHEREAS a building P erstore;and erstore pursuant to constructing an auto sup the auto sup Carmax has completed construction of WHEREAS the t-of-way needs approved plans and specifications; and . ion work in the Gray Road and 96th Street nigh construct uent to the plans being WHEREAS, rove mod plan; however, Carmel, subseq uirethe Pursuant to the app ave Gray Road that would req to be concluded modify, widen and rep fined to redesign, improvement Plans; and approved, has determ the approved Carmax removal road rovements required by of Carmax of certain imp ement eliminating the necessity WHEREAS, the parties desire to enter an asran g that would immediately be removed b? the approved plans doing rovement project. rein certain road work required by Carmel in the Gray Road/96th Street road'imp FOB in consideration of the mutual covenants contained he,the ar NOW,T? follows: 664.00 as savings for road right-, agree as el the sum of $ 27, Caren I . Carmax shall pay of the Gray Road a improvements realized by Carmax as the result of Carmel, s modification street project. Once the payment is made by Carmax, Carmel agrees to use the funds as a portion of the Gray Road/96th Street improvements. 3. The performance bond provided by Carmax shall continue in force and full effect until the payment is made pursuant to this Agreement at which time the performance and payments bonds shall be released and the maintenance bond shall become effective. CITY OF CARMEL By: 's Authorized Representative CARMAX AUTO SUPERSTORE, INC. By. I ! 9k- Authorized Representative MAEWCARMAX 14540\GRAY ROAD IMPROVEMENT PAYMENT."d 2 4XIC Approved and adopted this U day of *"---2004. CARMEL BOARD OF PUBLIC WORKS AND SAFETY August 18, 2004 E. U.av Ca11V JANEe K. Wro-r:1.ER• T. JAY 0;R IN Mike McBride, City Engineer CPL D Carmel City,Hall, First Floor : ; C-•? - t. J.aMFS TI . , La C. I One CiyiaSquare Carmel, IN 46032 EL17AREIII I. VAN T&MEL n1Ar„(R\\ L. HmKIF. RE: Carmax Auto Superstore, Inc. J. KA'1'HRIN JEWINN Our File No. 14540 DANIEL E.(XXrN Dear Mike: RYAN H. C: Nww G\C0.\ E: ?P111/11;E• Enclosed is the original Gray Road Improvement•Payment, Acknowledgment •C.F.RHFIM w:111A MR of Performance and Bond Release document that has been approved by the City's legal department and executed by Carmax's authorized representative, Daniel T. Bickett. OF COUNSEL: VKE HF vRV H W Please place this on the Board of Works' agenda and let me know whether it _ . . K is necessary for me to appear on behalf of Carmax at such meeting to obtain execution of the document. Following that, Carmax will submit the $27,664 pursuant to the agreement. Thank you. Very truly yours, COOTS, I-IENKE & WHEELER, P.C. E. Davis Coots EDC/jc Enclosure K:\EDCICARMAX.14540\M CBRIDEMC.wpd 255 F.ass Cesme) Urive Cumcl, Induna 46032.2689 317-8444693 FAX 317-573-5385 W % W.lawyers.comhhwla\v AOPRDVW AS 4b FORM ®Y.__g_, ASSIGNMENT,AND AssuMIPTION AGREEMENT The Board of Public Works and Safety of the City of Carmel; Indiana (the "Assignor" );_ hereby assigns all of its right, title and interest in, and to, that certain Gray Road. Improvement, Acknowledgement of Perfomrance and Bond Release, dated. Septeiriber 8, 2004, (the. "Agreement'') between the City of Carmel and Carmai Auto 5upeestore;. Inc.,, to the City of Carmel Redevelopment Authority ("Assignee") effective as cf the date hereof, and Assignee hereby assumes, and agrees to perform, all obligation's unde such Agreement from and-.after the date hereof. Dated this day of?l h0.4, BOARD OF PUBLIC WORKS AND'SAFETYOF Tflt: CTT Y OF CARMOL, INDIANA i s Brainard, Presiding Officer A'T'TEST: CITY OF, CARMEL:REDEVI3LOPMENT AUTHORI'T'Y Authorized. Representative MDs0i:9DD 7laiaivi loots Henke. ,NVheeler 0 p?. October 21;2004 E. oA?? coo?? JAAIFSKV111EEI,ER' Tj.kE.CUhT JAnlesD:CROni Diwna.Cordray . JEFFREY $; '/.mES• Clerk: Treasurer, City of Carmel ' One Civic. Square, Third, Floor ELIZ4REtw I: V,?v TASSEL Carmel„ IN 46032- NIA=EN' L.. MNYLE J. K„uRYN. JE+ kw RE: Carmax AutoStores OWEL E: Coaxs Our EileNo. 14540 RY, .N R CA%mAK Dear Diana: LAuiu E. Tnm=x' - •caRilFlEOl.?ocaFnn ••Enclosed is Carmax's check-payable-to the City of Garmehn tlie%mount of $27,664.00 pursuant 'to the attached Giay Road Improvement Payment, ()F CouuseE: Acknowledgment and Performance and Bond Release executed by the City September S VENH, NiNKE $„2004. Pursuant-to paragraph 2 of the Agreement; the payment by. Carmax to the City-is to be,used as'a•portion of the Gray RoadI 96th Street road improvements. Tfiis also,confirms that pursuant=to paragraph3 of the kgreement,-now that, Carmax has made this payment;'the peiformance and paymentbonds supplied. by Carmax are' now released and the maintenance bond shall commence, October 25, 2004, the date ofpaymenf. Thank you'for your cooperation in this matter. Very-truly yours,. COOTS, HENKE.,& wHEELER,P,C. E. Davis Coots EDC]jc Enclosures cc: Cannel Board,of Public Works & Safety Anthony Curp Ned Sparkman K:IEDOCAAMAX:14544kord rayd; A.wpd 255 Ceet camel orwc Uimel, lndiina 46032-2689 ,317&14-0693 FAX; 911+573-5385 awetlexyen comfchWl aw° A m rn m Z rte' Cn X m m m in m' a 0 •n n• N D' m tR p m U z n m m m c m D m L, `o m m 0 A: m Z z: z 2 En ? I k 7 I 1 j I I I I I I. I Li ? I k I I I ? I I' I !. I k_ 1 I I I I I_ 1 I I I I I ? I I i ' I I I i O Q ni a a 0 e EP O a rv a O orIJ Q a .13 ru O CJ' O r Bo o' m m A 0 n m m '. P c,° :.; Po -n o'- p m . m ?b 0 8 9 1 f e r I