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HomeMy WebLinkAbout161455 07/11/2008 CITY OF CARMEL, INDIANA VENDOR: 361523 Page 1 of 1 ONE CIVIC SQUARE LINCOLN BANK �i �o CARMEL, INDIANA 46032 ATTN MAX C HANK CHECK AMOUNT: $25,759.10 905 SOUTHFIELD DR CHECK NUMBER: 161455 PLAINFIELDIN 46168 CHECK DATE: 7/11/2008 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 106 5023990 25,759.10 OTHER EXPENSES APPLICATION AND CERTIFICATE FOR PAYMENT AIA DOCUMENT TO (OWNER): PROJECT: Founders Park Infrastructure Phase 1 APPLICATION NO. 1 DISTRIBUTION TO: Carmel/ Clay Board of Parks and Recreation OWNER XX Attn.: Mark Westenmeler 1411 East 116th Street VIA (ARCHITECT): PERIOD TO: 6130/2008 Carmel, IN 45032 FROM: Central Engineering Construction Associates, Inc. ARCHITECTS 3862 N. Commercial Parkway PROJECT NO: Greenfield, IN 46140 CONTRACT FOR: SITE IMPROVEMENTS CONTRACT DATE: 22- May -08 Application made for Payment, as shown below, in connection CONTRACTOR'S APPLICATION FOR PAYMENT with the contract. Continuation Sheet is attached. CHANGE ORDER SUMMARY 1. ORIGINAL CONTRACT SUM $1,015,718.00 Change Orders approved In ADDITIONS DEDUCTIONS 2. Net Change by Change Orders $0.00 previous months by owner 3. CONTRACT SUM TO DATE $1,015,718.00 TOTAL 4. TOTAL COMPLETED STORED TO DATE $257,591.00 Approved this Month (Column G) No. Date Approved 5. RETAINAGE: a. 10.00% of Completed Work $25,035.10 (Column D +E) b. 10.00% of Stored Material (Column F) $724.00 TOTALS1 mol Total Retainage (Line 5a +5b) or $25,759.10 Net Change by Change Orders (Total in Column 1) $0.00 G. TOTAL EARNED LESS RETAINAGE $231,831.90 The undersigned Contractor certifies that to the best of the Contractors (Line 4 less Line 5 Total) knowledge, information, and belief the Work covered by this Application 7. LESS PREVIOUS CERTIFICATES FOR $0.00 for Payment has been completed in accordance with the Contract Docu- PAYMENT (Line 6 from prior Certificate) ments, that all amounts have been paid by the Contractor for Work for 8. CURRENT PAYMENT DUE $231,831.90 for which previous Certificates for Payment were Issued and payments 9. BALANCE TO FINISH, PLUS RETAiNAGE $783,886.10 recelved from the Owner, and that current payment shown herein is (Line 3 less Llne 6) now due. CONTRACTOR: CENTRAL ENGINEERING CONSTRUCTION ASSOC., INC. State of: Indiana County of Hancock BY: D t DATE: 6 ZSI O8 Subscribed and om to before me this�� day of June,2008 Karen Harth Powers, President Notary Public: C,� ✓i My Commission Expires: April 21, 201 AMOUNT CERTIFIED ARCHITECT'S C E R T I F I C A T E FOR PAYMENT (Attached explanation if amount certified differs from the amount applied for.) In accordance with the Contract Documents, based on on -site observa- ARCHITECT: tions and the data comprising the above application, the Architect certifies to the Owner that to the best of the Architect's knowledge, information, By: Date: and belief the Work has progressed as indicated, the quality of the Work is This Certificate In not negotiable. The AMOUNT CERTIFIED is Is in accordance with the Contract Documents, and the Contractor is payable only to the Contractor named herein. Issuance, pay entitled to payment of the AMOUNT CERTIFIED. PO4r /4, D 913 ment and acceptance of payment are without prejudice to any rights of the Owner or Contractor under this contract. P/o, D 4io .9 a l 7 S o `Y �vvt� l D rl C-0/', 4e 0231,8 31 g d -A /J6_c I -17- t-- 6Uo v ESCROW! AGREEMENT THIS ESCROW "AGREEMENT" made and entered into by and between L- „,J COLn1 )3R,-)K (herein called "Escrow Agent the Carmel /Clay Board of Parks and Recreation (herein called "Owner and �L EiJci /N /Nq l ONScxuc (herein called "Contractor WHEREAS, the Owner and the Contractor have entered into a Contract "the Contract dated 2 2008, providing for the construction by the Contractor of a public work subje t to provisions of Indiana Code; and WHEREAS, said Contract provides that portions of payments by Owner to Contractor shall be retained by Owner (said payments herein referred to as "retainage and; NOW THEREFORE, it is agreed as follows: 1. Owner will hereafter deliver or cause to be delivered to Escrow Agent the retainage under the Contract to be held in accordance with the terms of this Agreement and I.C. 36- 1 -12 -14 (the "Escrow Statute 2. Escrow Agent shall invest and reinvest all escrowed principal and income therefrom in any obligation eligible generally under the laws of the State of Indiana for investment of funds held by Trustees. In making such investments, the Escrow Agent shall take into account any information supplied by Contractor or Owner concerning the time or times when such Escrow Principal and income will be paid out on the funds consistent with security of the fund and the period of investment. For purposes of this Escrow Agreement, the Escrow Agent is hereby directed to invest all monies hereunder in its Treasury Funds, the assets of which are obligations of or guaranteed by the United States of America and which funds are rated "Am" or "AmG" or higher by Standard Poors Corporation. 3. The Escrow Agent shall hold the escrowed principal and income until receipt of notice from the Owner and the Contractor, specifying the part of the escrowed principal and /or income to be released from escrow and the person to whom that portion is to be released. After receipt of the notice, the Escrow Agent shall remit the designated part of escrowed principal and /or income. 4. In the absence of the above stated joint written authorization for release of escrowed funds, the Escrow Agent shall pay over to the Owner the net sum held by it pursuant to this Agreement upon receiving from the Owner a copy of a written Notice of Termination showing that the Owner has terminated the employment of the Contractor. 5. In the absence of such a joint written authorization and in the absence of the termination of the Contractor as provided above, then, disbursements by one Escrow Agent shall be made in a manner directed by a certified copy of a judgment of a court of record establishing the rights of the parties to said funds. 6. This Agreement shall constitute the direction from the Owner and Contractor to the Escrow Agent of the manner in which the retainage is to be paid to the Escrow Agent, and to be paid by the Escrow Agent, pursuant to the Escrow Statute. 7. The retainage to be held pursuant to this Escrow Agreement shall consist of: Ten percent (10 of the dollar value of the work satisfactorily completed until the public work is fifty percent (50 completed, and nothing further after that, unless otherwise provided in Paragraph 9.3 of the General Conditions of the Contract. 8. The Escrow Agent shall be compensated for its services. Said compensation shall be computed per the attached fee schedule. The Escrow Agent shall be paid from the escrow income. 9. This Agreement and anything done or performed hereunder by either the Contractor or Owner shall not be construed to prejudice or limit the claims which either party may have against others arising out of the aforementioned Contract. 10. This Agreement constitutes the entire understanding between the parties regarding the deposit of Retainage in escrow and the duties of the Escrow Agent with respect to the investment and payment of Escrow Principal and Escrow Income. This Agreement, however, is not a part of the Contract and nothing done or performed hereunder by any party shall be construed to prejudice or limit any rights which either party may have against the other party arising out of the Contract. 1 1. The Escrow Agent shall not be liable to the Owner or the Contractor for any loss or damage not caused by the gross negligence or willful misconduct of the Escrow Agent. 12. The duties and liabilities of the Escrow Agent shall be determined solely by the express provisions of this Agreement, and the Escrow Agent shall not be bound in any way by any other agreement, including without limitation, the Contract listed above. Owner and Contractor will jointly and severally indemnify and hold the Escrow Agent harmless from and against any and all loss, liability and expense (including interest, penalties and reasonable attorney's fees) which may arise out of any action taken or omitted by the Escrow Agent in accordance with this Agreement. 13. Escrow Agent herein may resign by giving thirty (30) days' notice in writing to all parties in the agreement. Upon receipt of notice from all parties of the succeeding Escrow Agent, escrowed funds, less fees due, will be forwarded to such successor agent. In the event sixty (60) days' elapse from the date of Agent's notice of resignation, and no successor is appointed, Escrow Agent will forward to the Owner the balance in the account. 14. This Escrow Agreement shall be construed by the laws of the State of Indiana. ESCROW AGENT By: Printed: s Dated: Address: Telephone: 3 3� Fax: Contact: r Email: e OWNER Carmel /Clay Board P rks and Recreation By: Printed: Me s L o w Vr es i 01 e n fi Dated: 7 9 Z-008 Address: 1411 E. 1 16th Street Carmel, IN 46032 Telephone: 317- 573 -4021 Telefax: 317 -571 -4136 Contact: Audrey Kostrzewa Business Services Manager Email: audreyk @carmelclayparks com CONTRACTOR �JY C, EN I E h C�iJST2t� /p SScC 1at i By: Printed: icy EvEl( Dated: 3 0� Address: 226 e pk y -cam! L161 yl� Telephone: e� Fax: ?l -7 18'90 Contact: TEy EvEnLy rz; uCZ6 Email: ce„f, C- -f PROJECT: Founders Park ACCOUNTS PAYABLE VOUCHER CITY OF CARMEL An invoice of 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 Purchase Order No. Lincoln Bank Terms Attn: Max C Hank Date Due 905 Southfield Drive Plainfield, IN 46168 Invoice Invoice Description Date Number (or note attached invoice(s) or bill(s)) Amount 6/30/08 App. 1 Founders Park Infrastructure Phase 1 25,759.10 Total 25,759.10 1 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. Lincoln Bank Allowed 20 Attn: Max C Hank 905 Southfield Drive Plainfield, IN 46168 In Sum of 25,759.10 ON ACCOUNT OF APPROPRIATION FOR 106 Park Impact PO# or INVOICE NO. ACCT #/TITLE AMOUNT Board Members Dept V 1(QQ App 1 5023990 25,759.10 1 hereby certify that the attached invoice(s), or bill(s) is (are) true and correct and that the C�SuYC7vj t materials or services itemized thereon for which charge is made were ordered and received except 7 -Jul 2008 Signature 25,759.10 Accounts Payable Coordinator Cost distribution ledger classification if Title claim paid motor vehicle highway fund