155855 01/23/2008 CITY OF CARMEL, INDIANA VENDOR: 357012 Page 1 of 1
ONE CIVIC SQUARE PEDCOR RESIDENTIAL LLC
CARMEL, INDIANA 46032 770 3RD AVE SW CHECK AMOUNT: $134,613.17
CARMEL IN 46032 CHECK NUMBER: 155855
CHECK DATE: 1/23/2008
DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION
902 4460813 1 134,613.17 ANDISH
i
0
I t I G
PEDCOR RESIDENTIAL, LLC 4,
DBA Old Town Shops I L
•770 3RD Avenue SW Carmel, Indiana 460324
January 4, 2008
Mr. Les Olds
Director of Redevelopment
Carmel Redevelopment Commission
INVOICE
Due: January 30, 2008
For the Final Construction Costs related to the Old Town Shops I Development. The following
amounts are due as of Jan 1, 2008
Per Attached G702/G703 343,965.77
Less: Punch List Escrows held by Pedcor Residential (69,940.42)
Less: Pedcor Residential contribution for masonry work on Unit #6 (20,000.00)
Less: cash on hand (119,412.18)
Subtotal 134,613.17
TOTAL AMOUNT DUE 134,613.17
I
Please make checks payable to:
Pedcor Residential, LLC
Attn: Laurie Siler
7703 rd Ave. SW
Carmel IN 46032
APPLICATION AND CERTIFICATE FOR PAYMENT AIA DOCUMENT G702 (instructions on reverse side) PAGE ONE OF PAGES
TO (OWNER): Carmel Redevelopment Commission PROJECT: Old Town Shops APPLICATION NO: 21 FINAL Distribution to:
OWNER
PERIOD TO: 12/31/07
ARCHITECT
CONTRACTOR
FROM (CONTRACTOR): Pedcor Residential, LLC VIA (ARCHITECT): ARCHITECT'S
PROJECT NO:
CONTRACT FOR: CONTRACT DATE:
CONTRACTOR'S APPLICATION FOR PAYMENT Application is made for Payment, as shown below, in connection with the Contract.
Continuation Sheet, AIA Document G703, is attached.
CHANGE ORDER SUMMARY
Change Orders approved in ADDITIONS DEDUCTIONS 1. ORIGINAL CONTRACT SUM 1,197,310.04
previous months b Owner 2. Net change by Change Orders 403,428.49
p y TOTAL 3. CONTRACT SUM TO DATE (Line 1f2) 1,600,738.53
4. TOTAL COMPLETED STORED TO DATE 1,600,738.53
Approved this Month (Column G on G703)
Number Date Approved 5. RETAINAGE:
a. of Completed Work
(Column D +E on G703)
b. of Stored Material 0.00
(Column F on G703)
Total Retainage (Line 5a +5b or
TOTALS Total in Column I of G703) 0.00
6. TOTAL EARNED LESS RETAINAGE 1,600,738.53
Net change by Change Orders (Line 4 less Line 5 Total)
7. LESS PREVIOUS CERTIFICATES FOR PAYMENT
The undersigned Contractor certifies that to the best of the Contractor's knowledge, information (Line 6 from prior Certificate 1,256,772.76
and belief the Work covered by this Application for Payment has been completed in accordance 8. CURRENT PAYMENT DUE 343,965.77
with the Contract Documents, that all amounts have been paid by the Contractor for Work for 9. BALANCE TO FINISH, PLUS RETAINAGE 0.00
which previous Certificates for Payment were issued and payments received from the Owner, and (Line 3 less Line 6)
that current payment shown herein is now due. State of: ��,d� County of:
OWNER: Subscribed and s rn to before me t is Lf day ofC 00y
Notary Public: J
My Commission expires: 4j
PA Pao ERI J. LECHNER
By: (Ol�s //1 Date: i �y� SHR
i °''NoTnF
Hamilton County
�F� My Commission Expires
October 17, 2015
ARCHITECT CERTIFICATE FOR PAYMENT AMOUNT CERTIFIED q
(Attach explanation i amount certified differs from the amoamt applied )or.)
In accordance with the Contract Documents, based on on -site observations and the data ARCHITECT:
comprising the above application, the Architect certifies to the Owner that to the best of the
Architect's knowledge, information and belief the Work has progressed as indicated, the quality of By: Date: 01 0q
the Work is in accordance with the Contract Documents, and the Contract is entitled to payment This Certificate is iot negotiable. The AMOUNT CERTIFIED is payable only to the Contractor
of the AMOUNT CERTIFIED.
named here uance, payment and acceptance of payment are without prejudice to any rights
of the Owner or Contractor under this Contract.
AIA DOCUNIENT G702'APPLICATION AND CERTIFICATE FOR PAYMENT-MAY 1983 EDITION'AIA'0c1983
THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D.C. 20006 G702 -1983
PEDCOR RESIDENTIAL., LLC
OLD TOWN SHOPS
APPLICATION FOR LOAN DISBURSEMENT
January 2, 2007
AIA 6703 Draw Number 21 FINAL
A D C D E F G II 1 ADDITIONAL. BUDGET INFO.
WORK COMPLETED MATERIALS J K
ITEM DESCRIPTION OF WORK SCHEDULED FROM PREVIOUS 77115 PRESENTLY 'I'OTAI. COMPLETED BALANCE RVA'AINAGE
NO. VALUE APPLICATION PERIOD S'1'ORED (NO 'F STOREDTO DA'I'S (G /C) TO FINISH (IF VARIABLE BUDGET REVISED
)+E: IN I) OR E) D +E +F +II (K -G) R.VI'E ADJUSI'MF,NTS BUDGET
1510 Lund $500,000.00 5500 0.00 $0.00 5500 100.00% 0.00 1 41.00 $0.00 500.000.00
Cart. of Comtructlan
7301 General Requirement. 208,817.46 300.267.30 49,970.62 0.00 $350 „37.9! 100.00% 0.00 11.1111 141,420.46 350,237.92
7302 E.Isting Caudillo.. 18.200.00 18,200.00 0.00 0.00 $18,!011,00 100.00% 0.00 0.110 0.00 18,200.00
7303 Concrete 151,600.00 183,141.71 997.50 0.00 5144,139.21 100,00% 0.00 (1,110 32.539.21 184,139.21
7304 fslasonry 431,093.40 675.559.07 5.281.01 0.00 )640.8411.118 100.00% 0.00 0.011 249.746.68 680,840.08
7304 Metals 653,564.00 637501.00 29,164.92 0.00 $663,665.92 1110,00% 0.0() 0.00 10,101.92 663.665.92
7305 Wood, Plnsllc. Composllcr 25,165.00 96,751.49 2,453.00 0.00 $99,204.49 100.00% 0.00 0.00 74,039.49 99,204.49
7307 'Thermal Moisture Proteclioo 678.885.00 591,540.48 14,043.93 0.00 5605.584.41 100.00:: 0.00 0310 (73,300.59) 605.584.41
7308 Openings 672.609.38 495,058.44 15,46&75 0.00 55111,527.19 100.00% 0.00 0.00 (162,082.19) 510.527.19
7309 Finishes 160,081.80 291.291.20 87.285.80 0.00 $378,577.00 100.00% 0.00 0.00 218,495.20 378,577.00
7310 SI -Wit'. 22,320.00 1,155.40 77,946.00 0.00 $39,101.40 100.00% 0.00 (1.(111 16,781.40 39.101.40
7311 F'urni.hings 0.00 0.00 0.00 0.00 $0.00 O.Uo% 0.00 0.00 0.00 0.00
7312 Special C tructioo 0.00 0.00 0.00 0.00 $0.00 0.00% 0.00 0.00 0.00 0.00
7313 Caoreyi.g Equipment 70,000.00 70,000.00 0.00 0.00 570,000.00 100,008 0.00 11.110 0.00 70,000.00
7314 Fire Suppresion $3,900.00 53,900.00 0.00 0.00 553.900.00 100.00% 0.00 11.110 0,00 53.900.00
7315 Plumhing 40,136.00 46.900.00 3,090.00 0.00 $49.9911.1111 100.00% 0.00 0.041 9,854.00 49,990.110
7316 Ileoll.g Venlilallan IIVAC 101,117.00 87,070.00 2,700.00 0.00 X49,77110.- 100.00 0.00 0.00 (11,347.00) 89,770.00
7317 Integrated Automation 0.00 0.00 0.00 0.00 50.00 0.00% 0.00 0.(10 0,00 0.00
7318 Fleclricol 134,500.00 142,800.00 27507.26 0.00 $166,307.26 100.00% 0.00 0.00 31,807.26 166.307.26
7319 Cammunlealians 0.00 0.00 11.0() 0.00 $0.00 0.00% 0.00 0.110 0.00 0.00
7321 Electronic Safety Seeurily 0.00 0.00 0.00 0.00 50.00 U.00% 0.00 0.00 0.0 0.00
7322 Carl,.. E.- 143.098.00 190,920.00 0.00 0.00 5190.920.00 100.00% 0.00 0.00 47.822.00 190.920.00
7323 Earthwork 35.583.00 38.696.90 15,246.10 0.00 553.943.00 100.00% 0.00 0.00 18.359.90 53.942.90
7324 E-rior Impr meut 95.150.00 95.400.00 46.111.71 0.00 $141.511.71 100.00% 0.00 0,00 46,361.71 141511.71
7325 Ulilitie. 21,000.00 75,700.00 716.00 0.00 $76.416.00 100.00% 0.00 0.110 55.416.0() 76,416.110
7320 Comingency 0,00 0.00 0.00 0.00 $0.00 0.008 0.00 11.00 0.00 0.00
7329 General Contraclorl ProDl 374,515.00 36 3,279.55 11 ,235.45 0.00 53741515.00 100.00% 0.00 (1,011 1 0.00 374,515.00
Sublal.l of Signature Hard Cost. 4,091.375.04 4,452,132.54 345,218.05 0.00 4,797,35059 100.00% 0.00 0.00 706,015,45 4,797,350.49
7380 Inleriar Te I Flnlsh 720,975.00 645,175.00 0.00 0.00 5645,175.00 100.00% 0.00 0.00 (75.800.00) 645,175,00
7320 Contingency 200,000.00 0.00 0.00 0.00 50.00 BDIV /0! 0.00 0.00 (200.000.00) 0.00
Cooslruelioa Bud ei Subtotal $5512310.04 55,597307.54 $345.218,05 $0.00 55942525.59 100.008 $0,00 $0.00 5130215.45 551942525.49
PEDCOR RESIDF-N'FIAL, LLC
OLD TOWN SHOps
APPLICATION FOR LOAN DISBURSEMENT
January 2, 2007
AIA G703 Draw Number 21 FINAL
D C D E F G H I ADDITIONALBUDGE'l' INFO.
WORK COMPLETED MATERIALS J K
1'1'f:hI DESCRIPTION OF WORK SCHEDULED FROM PREVIOUS THIS PRESENTLY TOTAL COh1PLE'1'ED BALANCE RETAINAGF
NO. VALUE APPLICATION PERIOD STORE I) (NO'1' STOREDTO DATE (G /C) TO FINISH (IF VARIABLE BUDCET REVISED
(D +f: IN D ORE (D +E +F +I (K -G) RA'IT: ADJI1STh1ENTS BUDGET
Archltecturaland Engineering Fees
7330 Architect Prafessioovl Services 0.00 0.00 0.00 0.00 $0.00 #DIV /0! 0.00 (1.110 0.00 0.00
7333 Architecl Prioting Mile 0.00 187.86 0 0 0.00 $187.86 0.00% 0.00 0.00 187.86 187.86
7331 0.00 0.00 O.OU 0.00 $11.00 0.00% 0.00 0.00 0.00 0.01)
7772 Architect- Lender Inspectivn.s 0.00 5,625,00 1 SOO.0 0.00 57,125.00 0.00% 0.00 II.110 7.125.00 7,125.01
7378 Architect Pedcor Arch/Legal Fee 200,000.00 200,000.00 0,00 0.011 5200,000.00 100,00 0.00 77,7777 O,OU 200,000.01)
7776 Enµlneeriog- Deslµo 0
61,000.00 75,745.76 0.00 O.OU $75,745.76 100.00% 0.110 0.00 15,745.76 75,745.76
7778 Enµlneeriog Other ,00 0.11 0.00 O.OU $0.00 O.UUY. 0.01 11.110 0,00 0.011
7777 Engineering Slaking 0.00 0,00 0.00 0.110 SU.O(1 0.00% O.00 11.1111 0.00 1.11
7314 Engineering Survey 0,00 9,35917 0.00 0.00 $9,359.27 0.00% 0.00 0.00 9.359.27 9.359,27
7115 Engin «ring- '1'opo 1.11 726.00 0.00 1.1n 5426.00 0.00• 0,00 11,110 426.00 426AU
7340 Ph- 1 Em ironmeotvl 0,00 0.00 0.00 0.00 $0.00 0.00•/. 0.00 0.110 0.00 0.00
7779 Geolechnicvl Analysis 0.00 0.00 0.00 0.00 SU.011 0.00 0.00 11,110 O.UO 0,00
7321 -001 Permits -Nau Slgmture 0.00 7,026.00 O,oO 0.00 53.026.00 100.00% 0.00 11,110 1,026.00 7,026.00
Construction Sofl Costs Subtotal $260000.00 $297369.89 51500.00 $0.00 $295,869.89 100.00% $0.00 $0.00 535869.89 5295,869.89
Other Construction Period Cents
7341 Construction Period Interest 173,000.00 139,872.15 6.341.18 0.00 5146,213.73 100.00% 0.00 0.00 (26,786.67) 146,213.33
Dvl mni. Finand,R Bud et Subtetel $173,000.00 5139,872.15 56 s0,01 5146,21333 100,00% $0.00 50.00 526,786.67) $146,213.33
Other Comlruclion Period Costs
7745 Revl Estate Attorney 0.00 0.00 0.00 0.00 $0.00 0.00•.: 0.00 0.00 0.00 0.00
7747 Canstrucllon Loan Legal 0.00 0.00 0' 0.00 $0.00 o.UO% 0.00 11,00 O.UO U.UO
7342 TI11e &Recording 0.00 O.OU 0.60 0.OU SU.00 O.UO:'. 0.00 0.011 0.00 0.00
7349 Flnvnce& hlisc Closing Costs 50,000,00 0,011 11.00 0.00 $0.00 #DIV /0! 0.00 IIAI! (511000.00) 0.00
Start Up Costs
7351 Slgnege 0.00 1,690.74 0.00 0.00 51,690.74 IOU.00• o.a1 II.IIO 1,690.7) 1.690.74
7356 hliscellvnevus Starlup Costs 0.00 952.82 21,72 0.00 5874.54 IOOAO• 0,00 II.110 87454 874.54
7357 'Tuxes 0.00 1,640.77 U.OU 0.00 $1,640.77 0,µU% 0.IIU 11.00 1,640.77 1,640.77
7JSY I.rase up hlvrketing O.W 1.11 O.OU 0.00 511.00 0.011• 0.00 1.00 0.00 0.00
N<t Cepitvllxvble Operating Expenses 1, 0 O.UU U.µ11 O.OU $0.00 O.UO% 0.00 0.00 0.00 0.00
0.01
Permanent Finvndng costs
7360 Placement /OrlginvUon Fee 75,000.00 0.00 0.00 0.00 50.11 #7HV /0! 0.00 11.00 135.000.001 0.00
7361 Survey Update, Title Recording 0.00 0.10 0.00 U.OU SU.110 0.00% 0.00 11.10 1,00 0,011
7362 Perm Loan Legal 0.11 0.00 0.00 0.110 $U.OU 1.1151 O.UU 0.110 0.00 0.00
7363 Perm Und -611.g Legal fees o.ao o.00 o.00 o.ou soon o,00z 0,00 1.10 0.10 0.00 7371 Pedcor I.ega1 0.00 1.11 1.110 0,00 511.00 0.00% 0.00 0.00 O.UO
7371 Lender Legv1 0.00 0.00 0.00 0.00 $0.00 0,00% 0oil 0.00 0.00 0,000
Omer eert.
7375 hfnrket Slndy 0, 0.00 0.00 0.00 $0.00 0.01% 00 0.110 0.011 R00
7376 Appraisal 0.00 00 0.00 0.00 0.00 50.00 0.5'. 0.00 000 II.VO O,UO 0,00
7377 Builder's Hlsk Insurao<e 0.00 20,911. 1-' '.774.0 1.10 $18.137.00 100.00% 0.00 1).110 18,177.00 Ifl,137.00
7382 Development Fee 340,000.00 340,000.00 U.UU 0.00 5340,000.00 100.00• 0.00 0.011 O,UU 340,000.00
7380 OrµanlzntlanvUSyndlevtloo 0.00 O.UU 0.00 0.µg 50.00 D.00 1.01 (1,00 O.nO O.UO
Omer 0.00 0.00 0.00 0.110 50,00 oo,00 0.10 1.1111 0,00 0,011
Dvl mnl. Fioancin Soft Costs Subtotal $425,000.00 5365.095.37 ($2,752.28) 50.00 S362 100,00% 50.00 $0.00 ($62 S362,343.05
PF-DCOR RESIDENTIAL, LLC
OLD TOWN SHOPS
APPLICATION FOR LOAN DISBURSEMENT
J onu,ry 2, 2007
AIA C703 Drmv Number 21 FINAL
A B C 1) E F G 11 1 AUDI 'I'IONAL BUDGET INFO.
WORK COMPI.ET'ED MATERIALS J K
ITEM DESCRIPTION OF WORK SCIIEDULED FROM PREVIOUS 'I'1115 PRESENTLY T'O'TAL COMPLE I' ED BALANCE RE'1'AINAGE
NO. VALUE APPLICA'riON PERIOD S'I'ORED(NOT S'1'ORF-D TO DA'Z'E (G /C) TO FINISH (IF%'Ali IABI.E BUDGET REVISED
p +E IN I) ORE DsE +F +O (K-G) RATE ADJUST'MEN'TS BUDGET
u,e, or F'nne,:
C- I -ctioo Budget $5,512,310.04 $5, 597, 307.54 5345,218.05 50.00 55,942,525.59 100.00% $0.00 $0.00 $730.215.45 $5,942.525.49
Coo,( ruction Soft Cost, $260,000.00 5294,369.89 $1,500.00 50.00 $295,869.89 100.00% $0.00 $0.00 $35,869.89 $295,869.89
Development and Finonclog Budget 173,000.00 139.872.15 6,341.18 0.00 146,213.33 100.00% 0.00 0.00 (26.786.67) 146,213.33
I)Opmnt. Finoncing Sort Casts 425,000.00 365,095.33 (2,752.28) 0.00 362,343.05 100.00% 0.00 0.00 (62,656.95) 362.343.05
Total Project Budget 56,370 .310.04 56,396,644.91 5350930635 50.00 $6,746,951.96 100.00% 50.00 $11.00 5376,641.82 56,7469951.86
Sources of Fund,:
CID 1s1 Martgugc $4,500,000.00 4,500,000.00 0.00 $0.00 $4,500,000.00 100.00% 0.00 0,110 0.00 4,500,000.00
City of Cnrmcl $1,197.310.04 1.256,772.76 343.965.77 50.00 51,600,738.53 100.00% 0.00 11.110 403. 428.49 1,600,738.53
City of Cormel Interest Deter- 5173,000.00 139,872.15 6.341.18 $0.00 $146,213.33 100.00% 0.00 11.410 (26,786.67) 146,213.33
Owner's Equity 5500.000.00 500 0.00 511.011 5500 100.110 0.00 11.110 0.00 5110,000.00
'I'otnl Sourees of Fund, 56,370,310.04 56.396.644.91 $350.306.95 $0.00 56.746,951.86 100.00% $0.00 50.00 5376,641.82 56.746,951.86
50.00 $0.00 0.00 $0.00 S41.00 0% (0.00) 511.110 (50.00) ($0.00)
r
Prescribed by State Board of Accounts City Form No. 201 (Rev. 1995)
ACCOUNTS PAYABLE VOUCHER
CITY OF CARMEL
An invoice or bill to be properly itemized must show: kind of service, where performed, dates service rendered, by
whom, rates per day, number of hours, rate per hour, number of units, price per unit, etc.
Payee
P eo(c o R e f r J,.4, 1, L L C: t Purchase Order No.
Terms
rN q(Q o3 z Date Due
Invoice Invoice Description Amount
Date Number (or note attached invoice(s) or bill(s))
�l ti o$ Fes, l Ce..r G STS I 13 1 61 3, I
a
t{'E
Total
I hereby certify that the attached invoice(s), or bill(s), is (are) true and correct and I have audited same in acd66rdance
with IC 5- 11- 10 -1.6.
20
Clerk- Treasurer
VOUCHER NO. WARRANT NO.
ALLOWED 20
P•.�co� R aso� e..�ra I L4G C a��,� 5� IN SUM OF
?70 3
ZA y�o3 z
13y 613. 17
ON ACCOUNT OF APPROPRIATION FOR
Qvz 4w6o3c 3
Board Members
PO# or INVOICE CT #!TITLE AMOUNT
DEPT. I hereby certify that the attached invoice(s), or
10Z KIt &o gr3 13C4 6(3. 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
(.l 20 d�
Si to
ce
Cost distribution ledger classification if V
claim paid motor vehicle highway fund