HomeMy WebLinkAbout181929 02/03/2010 CITY OF CARMEL, INDIANA VENDOR: 356690 Page 1 of 1
E e. ONE CIVIC SQUARE C DEAN HARRILL DOTTIE HARRILL
t;. CARMEL, INDIANA 46032 3057 SUGAR MAPLE COURT CHECK AMOUNT: $16,000.00
CARMEL IN 46033 CHECK NUMBER: 181929
ch OP
CHECK DATE: 2/3(2010
DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION
902 4460814 16,000.00 STREET DEPT FACILITY
i
Amortization Schedule
July 25, 2005 3 :31 pm
This loan amortization schedule has been provided using information supplied by the customer. The
information herein is believed to be accurate, but warranty thereof is neither expressed nor implied.
Loan Number:
Loan Amount: 874,000.00
Lender: 251, LLC
Borrower: City of Carmel Redevelopment Commission
Prepared By: William B Olsen
Pmt Payment Interest Payment Principal Interest Remaining
No. Date Rate Amount Payment Payment Balance
47 06/22/2009 6.8400 8,000.00 3,920.10 4,079.90 711,852.49
48 07/22/2009 6.8400 8,000.00 3,942.44 4,057.56 707,910.05
49 08/22/2009 6.8400 8,000.00 3,964.91 4,035.09 703,945.14
50 09/22/2009 6.8400 8,000.00 3,987.51 4,012.49 699,957.63
51 10/22/2009 6.8400 8,000.00 4,010.24 3,989.76 695,947.39
52 11/22/2009 6.8400 8,000.00 4,033.10 3,966.90 691,914.29
53 12/22/2009 6.8400 8,000.00 4,056.09 3,943.91 687,858.20
2009 Total: 96,000.00 47,184.12 48,815.88 687,858.20
54 01/22/2010 6.8400 8,000.00 4,079.21 3,920.79 683,778.99
55 02/22/2010 "6.8400 8,000.00 4,102.46 3,897.54 679,676.53
56 03/22/2010 6.8400 8,000.00 4,125,84 3,874.16 675,550.69
57 04/22/2010 6.8400 8,000.00 4,149.36 3,850.64 671,401,33
58 05/22/2010 6.8400 8,000.00 4,173.01 3,826.99 667,228.32
59 06/22/2010 6.8400 8,000.00 4,196.80 3,803.20 663,031.52
60 07/22/2010 6.8400 666,810.80 663,031.52 3,779.28 0.00
2010 Total: 714,810.80 687,858.20 26,952.60 0,00
Grand Total: 1,138,810.80 874,000.00 264,810.80 874,000.00
PURCHASE AGREEMENT D c r l
This Purchase Agreement (the Agreement"), entered into by and between 251, LLC (the "Seller^
and The City of Carmel Redevelopment Commission (the "Purchased this
WITNESSES: day of June, 2005
(z y /mss
1. Conveyance. Subject to terms and conditions of this Agreement, Purchaser shall urcha se from
Seller, and Seller shall convey to Purchaser, certain real estate owned by Seller and located ai 2512"dStreet
P
SW and 261 rd Street SW, which real estate is depicted on Exhibit A (collectively, the "Parcel"), together with
and Including all of Seller's right, title, and interest in and to: (a) all buildings and improvements lactated on
the Parcel (the "Improvements and b all
appertaining io the foregoing, or used in connection therewith 1l "Rights") a The Parcel, e
Parcel t fh y
Improvem and the Rights, collectively, are the "Property
2. Purchase price. The purchase
price for the Property shall be $990,000.00 (the "Purchase Price"),
3. Earnest Money. Within five business days after the date hereof (the "Execution Date Purchaser
shall deposit $$,000.00 (the "Earnest Money")
Purchaser shall forfeit the Earnest Money to Seller if a Seller has p per Le d all "T lig ions
hereunder (including, without limitation its obligations under Subsections 8(a) a 8(c)); and
(b) Purchas fails or refuses to perform its obligations hereunder, de
the performance of Purchaser have been 9 spite the fact That all conditions of
the Earnest Money shall: (a) constitute liquid dam, ge s; and (b) be a the so e r r emedy of Se at law
i e
ov uity. The wit th t rm terms dEa d Money A� wiise s ta binterest
frfeited, refu or applied in accordance
to, and deemed to be pars of the Earnest Money. earned on the Earnest Money shall be added
4, Closing. Subject to the terms and conditions of this Agreement, the transaction contem plated
herein (the Trarsactfon shall be closed and the Land Sale Contract (as defined in. Subsection 6(a)) shall
be executed and delivered on July 15 2005 or such other date agreed upon by Purchaser and S
"Closing Date The closing shall take place take at the office of the Title insurer, or at such other pl
as Purchaser and Seller mutually may agree. At the closing, Purchaser shall pay to Seller a
the Purchase Price equal 10: (a) $100,000, plus (b) an amount equal to: (f) $8,000; multi lied by (ii) the
period beginning on
number of times that the first day of a calendar month occurs during the pontion (and
d f
including) June 1, 2005, and ending on the Closing ate; which P y O
(a) paid in cash or by wire transfer; and (b) reduc by: (i) the Earnest Money; (ii) any reductions,
credits, or prorations for which this Agreement provides. The remainder of the Purchase Price shall be
paid in accordance with the terms and conditions of the Land Sale Contract. At the closing, Purchaser
shall reimburse Seller for the amount of the premiums paid by Seller to maintain insurance for the
Property for the period beginning on June 1, 2005, and ending on the Closing Date; provided that, in no
event shaft Purchaser be obligated to reimburse Seller any amounts paid for such premiums in excess
of $1,500.00.
5. Possession, Seller shall deliver possession of the Property to Purchaser on the Closing Dale,
free and clear of all rights and claims of any other party to the possession, use, or occupancy of the
Properly. Prior to closing, Seller shall: a
agreements currently in effect with respect to the cancel ssession, use a or o of the Properly (he
"Leases (11) service and maintenance contracts with respect to the ownership or operation of the
Property (the "Service Contracts"); and (iii) management and leasing contracts or agreements with
respect to the Parcel, the Improvements, and /or the Equipment (the "Management Contracts (b) pay
all amounts due under, and settle all accounts with respect to, the Service Contracts and the Management
Contracts (the "Contract Accounts"); and (c) remove all items of personal properly from the Property.
Prior to closing, Seiler may remove the air conditioner compressor, the furnace, and any woodwork from
the Property.
_i tli
Prescribed by State Board of Accounts City Form No. 201 (Rev. 1995)
ACCOUNTS PAYABLE VOUCHER
CITY OF CARMEL
An invoice or bill to be properly itemized must show: kind of service, where performed, dates service rendered, by
whom, rates per day, number of hours, rate per hour, number of units, price per unit, etc.
Payee
P e-F-7 (17 f/ Purchase Order No.
365 fc Terms
33 Date Due
Invoice Invoice Description Amount
Date Number (or note attached invoice(s) or bill(s))
Total <s)
I hereby certify that the attached invoice(s), or bill(s), is (are) true and correct and I have audited same in accordance
with IC 5- 11- 10 -1.6.
20
Clerk- Treasurer
VOUCHER NO. WARRANT NO.
ALLOWED 20
/209, r (4
IN SUM OF
303 7
a /4) 4 3,
ON ACCOUNT OF APPROPRIATION FOR
Board Members
PO# or INVOICE NO. ACCT #/TITLE AMOUNT I hereby ere y certify that the attached invoice(s), or
/ZZ c y ,cry bill(s) is (are) true and correct and that the
materials or services itemized thereon for
which charge is made were ordered and
received except
—22- 20
O—
Signat re
Director of Operations
Title
Cost distribution ledger classification if
claim paid motor vehicle highway fund
Amortization Schedule
July 25, 2005 3:31 pm
This loan amortization schedule has been provided using information supplied by the customer. The
information herein is believed to be accurate, but warranty thereof is neither expressed nor implied.
Loan Number:
Loan Amount: 874,000.00
Lender: 251, LLC
Borrower: City of Carmel Redevelopment Commission
Prepared By: William B Olsen
Pmt Payment Interest Payment Principal Interest Remaining
No. Date Rate Amount Payment Payment Balance
47 06/22/2009 6.8400 8,000.00 3,920.10 4,079.90 711,852.49
48 07/22/2009 6.8400 8,000.00 3,942.44 4,057.56 707,910.05
49 08/22/2009 6.8400 8,000.00 3,964,91 4,035.09 703,945.14
50 09/22/2009 6.8400 8,000.00 3,987,51 4,012.49 699,957.63
51 10/22/2009 6.8400 8,000.00 4,010.24 3,989.76 695,947.39
52 11/22/2009 6.8400 8,000.00 4,033.10 3,966.90 691,914.29
53 12/22/2009 6.8400 8,000.00 4,056.09 3,943.91 687,858.20
2009 Total: 96,000.00 47,184.12 48,815.88 687,858.20
54 01/22/2010 6.8400 8,000.00 4,079.21 3,920.79 683,778.99
55 02/22/2010 6.8400 8,000.00 4,102.46 3,897.54 679,676.53
56 03/22/2010 6.8400 8,000.00 4,125.84 3,874.16 675,550.69
57 04/22/2010 6.8400 8,000,00 4,149.36 3,850.64 671,401.33
58 05/22/2010 6.8400 8,000.00 4,173.01 3,826.99 667,228.32
59 06/22/2010 6.8400 8,000.00 4,196.80 3,803.20 663,031.52
60 07/22/2010 6.8400 666,810.80 663,031.52 3,779.28 0.00
2010 Total: 714,810.80 687,858.20 26,952.60 0.00
Grand Total: 1,138,810.80 874,000.00 264,810.80 874,000.00
PURCHASE AGREEMENT D frl
This Purchase Agreement (the "Agreement"), entered into by and between 251, LLC (the "Seller"
and The City of Carmel Redevelopment Commission (the "Purchaser"), th's day of June, 2005,
WITNESSES:
1. Conveyance. Subject to terms and conditions of this Agreement, Purchaser shall purchase from
Seller, and Seller shall convey to Purchaser, certain real estate owned by Seller and located at 251 2n Street
SW and 2612"d Street SW, which real estate is depicted on Exhibit A (collectively, the "Parcel"), together with
and including alt of Seller's right, title, and interest in and to: (a) all buildings and improvements located on
the Parcel (the "Improvements and (b) all rights, interests,
privileges,
appertaining to the foregoing, or used in connection therewith "Rights")( a The cel he
improvements, and the Rights, collectively, are the "Property
2• Purchase Price. The purchase price for the Property shall be $990,000.00 (the "Purchase Price
3 Eamest Money. Within five business days afierthe date hereof (the "Execution Date Purchaser
shall deposit $8,000.00 (the "Eamest Money') with Hamitton Title Security, LLC (the 'Title Insurer
Purchaser shall forfeit the Earnest Money to Seller if: a Seller has
hereunder (including, without limitation its obligations under Subsections e 8(a) o and 8(c and
(b) Purchaser fails or refuses to perform its obligations hereunder, de the fact that all conditions of
the performance of Purchaser have been satisfied or waived by Purchas er in writing. Such forfeiture of
the Eamest Money shall: (a) constitute liquidated damages; and (b) be the sole remedy of Seller at law
or in equity. The Earnest Money otherwise shalt be paid, forfeited, refunded, or applied in accordance
with the terms and conditions of this Agreement. All interest eamed on the Eamest Money shall be added
to, and deemed to be part of, the Eamest Money.
4 Closing, Subject to the terms and conditions of this Agreement, the transaction contemplated
herein (the "Transaction shall be closed and the Land Sale Contract (as defined in. Subsection 6(a)) shall
be executed and delivered on .i uty 15, 2005, or such other dale agreed upon by Purchaser and Seller (the
"Closing Date The closing shall take place either at the office of the Title Insurer, or at such other place
as Purchaser and Seller mutually may agree. At the closing, Purchaser shall pay to Seller a portion of
the Purchase Price equal to: (a) plus (b) an amount equal to: (i) $8,000; multiplied by (ii) the
number of times that the first day of a calendar month occurs during the period beginning on (and
including) June 1, 2005, and ending on the Closing Date; which portion of the Purchase Price shall be:
(a) paid in cash or by wire transfer, and (b) reduced by: (i) the Earnest Money; and (ii) any reductions,
credits, or prorations for which this Agreement provides. The remainder of the Purchase Price shalt be
paid in accordance with the terms and conditions of the Land Sale Contract. At the closing, Purchaser
shall reimburse Seiler for the amount of the premiums paid by Seller to maintain insurance for the
Property for the period beginning on June 1, 2005 and ending on the Closing Date; provided that, in no
event shall Purchaser be obligated to reimburse Seller any amounts paid for such premiums in excess
of $1,500.00.
5. Possession, Seller shall deliver possession of the Property to Purchaser on the Closing Dale,
free and clear of all rights and claims of any other party to the possession, use, or occupancy of the
Property. Prior to closing, Seller shad: (a)
agreements currently in effect with respect o cancel
e possession, use oiccu leases licenses,
anc of he Pro o (the
"Leases (ii) sefV1Ge and maintenance contracts with respect to the ownership or operation of the
Properly (the "Service Contracts and (iii) management and leasing contracts or agreements with
respect to the Parcel, the Improvennents, and/or the Equipment (the "Management Contracts (b) pay
all amounts due under, and settle all accounts with respect 10, the Service Contracts and the Management
Contracts (the "Contract Accounts"); and (c) remove all items of personal property from the Property.
Prior to closing, Seller may remove the air conditioner compressor, the furnace, and any woodwork from
the Property.
_t
Amortization Schedule
July 25, 2005 3 :31 pm
This loan amortization schedule has been provided using information supplied by the customer. The
information herein is believed to be accurate, but warranty thereof is neither expressed nor implied.
Loan Number:
Loan Amount: 874,000.00
Lender: 251, LLC
Borrower: City of Carmel Redevelopment Commission
Prepared By: William B Olsen
Pmt Payment Interest Payment Principal Interest Remaining
No. Date Rate Amount Payment Payment Balance
47 06/22/2009 6.8400 8,000.00 3,920.10 4,079.90 711,852.49
48 07/22/2009 6.8400 8,000.00 3,942.44 4,057.56 707,910.05
49 08/22/2009 6.8400 8,000.00 3,964.91 4,035.09 703,945.14
50 09/22/2009 6.8400 8,000.00 3,987.51 4,012.49 699,957.63
51 10/22/2009 6.8400 8,000.00 4,010.24 3,989.76 695,947.39
52 11/22/2009 6.8400 8,000.00 4,033.10 3,966.90 691,914.29
53 12/22/2009 6.8400 8,000.00 4,056.09 3,943.91 687,858.20
2009 Total: 96,000.00 47,184.12 48,815.88 687,858.20
54 01/22/2010 6,8400 8,000.00 4,079,21 3,920.79 683,778.99
55 02/22/2010 6.8400 8,000.00 4,102.46 3,897.54 679,676.53
56 03/22/2010 6.8400 8,000.00 4,125.84 3,874.16 675,550.69
57 04/22/2010 6.8400 8,000.00 4,149.36 3,850.64 671,401.33
58 05/22/2010 6.8400 8,000.00 4,173.01 3,826.99 667,228.32
59 06/22/2010 6.8400 8,000.00 4,196.80 3,803.20 663,031.52
60 07/22/2010 6.8400 666,810.80 663,031.52 3,779.28 0.00
2010 Total: 714,810.80 687,858.20 26,952.60 0.00
Grand Total: 1,138,810.80 874,000.00 264,810.80 874,000.00
PURCHASE AGREEMENT l 6, p kf 7
This Purchase Agreement (the "Agreement"), entered into by and between 251 LLC (the "Setle
and The City of Carmel Redevelopment Commission he Purchaser"),
WITNESSES: day of June, 200 .Z:E ''(2 r
1. Conveyance. Subject to terms and conditions of this Agreement, Purchaser shall purchase from
Seller, and Seller shall convey to Purchaser, certain real estate owned by Seller and located at 251 Street
SW and 2612"/ Street SW, which real estate Is depicted on Exhibit A (collectively, the "Parcel together with
and including all of Seller's right, title, and interest in and to: (a) all buildings and improvements located on
the Parcel (the "improvements and (b) all rights interests
rI
appertaining to the foregoing, or used in connection therewith "R 9 s a Th Parcel, t th e
Improvements, and the Rights, collectively, are the Property".
2. Purchase Price. The purchase pace for the Property shall be $990,000.00 (the "Purchase Price
3 Earnest Money. Within five business daysafterthe date hereof (the "Execution pate Purchaser
shall deposit $8,000.00 (the "Earnest Money"
Purchaser shall forfeit the Earnest Mone y) with Hamilton title Security, LLC (the 'Title Ensurer
hereunder y to Seller if: (a) Seller has performed all of its obligations
(including, without limitation, its obligations under Subsections 8(a) and 8(c)); and
(b) Purchaser fails or refuses to perform its obligations hereunder, de the fact that all conditions of
the performance of Purchaser have been satisfied or waived by P er in writing. Such forfeiture of
the Earnest Money shalt: (a) constitute liquidated damages; and (b) be the sole remedy of Seller at law
or in equity. The Earnest Money otherwise shall be paid, forfeited, refunded, or applied in accordance
with the terms and conditions of this Agreement. All interest earned on the Earnest Money shall be added
1o, and deemed to be part of the Earnest Money.
4.. Closing; Subject to the terms and conditions of this Agreement, the transaction contemplated
herein (the Transaction shall be closed and the Land Sale Contract (as defined in.Subsection 6(a)) shalt
be executed and delivered on Juty 15, 2005, or such other dale agreed upon by Purchaser and Seller (the
"Closing Date The closing shall take place either of the office of the Title insurer, or at such other place
as Purchaser and Seller mutually may agree. At the closing, Purchaser shall pay to Seller a
the Purchase Price equal to: (a) $1 00,000; plus (b) an amount equal to: (i) $8,000; multiplied by the
number of times that the first day of a calendar month occurs durin g the period beginning on (and
(a nd
d
including) June 1, 2005, and ending on the Closing a which p Price shay (ii)
be:
(a) paid in cash or by wire transfer, and (b) reduced by: (i) the Earnest Money; and (ii) any reducti
credits, or proration for which this Agreement provides. The remainder of the Purchase Price shall be
paid in accordance with the terms and conditions of the Land Sale Contract. At the closing, Purchaser
shall reimburse Seller for the amount of the premiums paid by to Property for the period beginning on June 1, 2005 and ending on the Seller Date provided that, n
event shall Purchaser be obligated to reimburse Seller any amounts paid for such premiums in excess
of $1,500.00.
5 Possession. Seller shall deliver possession of the Property to Purchaser on the Closing Dale,
free and clear of all rights and claims of any other party to the possession, use, or occupancy of the
Property. Prior to closing,
agreements currently in e (the
(a) cancel or terminate all: (i) leases, licenses, and other
ect with respect to the possession, use or occupancy of the Properly
"Leases (ii) service and maintenance contracts with respect to the ownership or operation f t he
Properly (the "Service Contracts and (iii) management and leasing contracts or agreements with
respect to the Parcel, the Improvements, and /or the Equipment (the "Management Contracts (b) pay
all amounts due under, and settle all accounts with fespe to, the Service Contracts and the Mana ement
Contracts (the "Contract Accounts")' and (c) remove all items of personal property from the Property.
Prior to closing, Seller may remove the air conditioner compressor, the furnace, and any woodwork from
the Property,
rJ/
Prescribed by State Board of Accounts City Form No 201 (Rev. 1995)
ACCOUNTS PAYABLE VOUCHER
CITY OF CARMEL
An invoice or bill to be properly itemized must show: kind of service, where performed, dates service rendered, by
whom, rates per day, number of hours, rate per hour, number of units, price per unit, etc.
Payee
�vfi�, <rr Purchase Order No.
.365 s�y4v 74o Terms
C 33 Date Due
Invoice Invoice Description Amount
Date Number (or note attached invoice(s) or bill(s))
2 //D 212 /iC i4 ��T 5.5 or, fi
Total �Qac? G6
I hereby certify that the attached invoice(s), or bill(s), is (are) true and correct and I have audited same in accordance
with IC 5- 11- 10 -1.6.
20
Clerk- Treasurer
VOUCHER NO. WARRANT NO.
ALLOWED 20
Deogi, 11 2267 �J/l
IN SUM OF$
30 5 7 SUyid /4,/- C� ei,r1
C, i■iw /4/ c 2 F
R- Oo c.vo
ON ACCOUNT OF APPROPRIATION FOR
r2 /vy6?
Board Members
POPT or INVOICE NO. ACCT I hereby AMOUNT y certif y
DE that the attached invoice(s), or
bill(s) is (are) true and correct and that the
materials or services itemized thereon for
which charge is made were ordered and
received except
_.72 20 /O
I
..LA.... ;�I—..
dl nature
Directo` of Operation
Cost distribution ledger classification if Title
claim paid motor vehicle highway fund