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174464 07/08/2009 CITY OF CARMEL, INDIANA VENDOR: 357012 Page 1 of 1 ONE CIVIC SQUARE PEDCOR RESIDENTIAL LLC CHECK AMOUNT: $16,156.01 ,,�r' CARMEL, INDIANA 46032 770 3RD AVE SW CARMEL IN 46032 CHECK NUMBER: 174464 CHECK DATE: 7/8/2009 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 902 4460821 062909 4,658.79 UTILITIES 902 4460821 062909.1 11,497.22 PROPERTY TAXES P21 PEDCOR RESIDENTIAL, LLC O RIG IIV L One Pedcor Square 770 3rd Ave. SW Carmel, Indiana 46032 June 29, 2009 Carmel Redevelopment Commission Attn: Les Olds For Property located at: Old Town Shops II 31 33 Main St E Carmel, Indiana 46032 INVOICE Due: Upon Receipt Charge Date Item Amount Electric Bills: 06/03/09 Duke Energy 31 Main Suite 100 16.45 06/03/09 Duke Energy 31 Main Suite 200 16.45 06/03/09 Duke Energy 31 Main Suite 300 16.33 06/03/09 Duke Energy 33 Main Suite 100 33.50 06/03/09 Duke Energy 33 Main Suite 200 16.45 06/03/09 Duke Energy 33 Main Suite 300 26.02 125.20 v' Homeowner's Assocation Dues: 07/01/09 HOA Due 31 Main (Unit 1) 977.40 07/01/09 HOA Due 33 Main (Unit 2) 654.87 1,632.27 Miscellaneous: 06/17/09 CIB Bank Legal Bill for loan extension 2,889.30 05/09/09 United Postal Service to CIB Bank for extension 12.02 2,901.32 Total Amount Due 4,658.79 Per agreement with Les Olds and Karl Haas, all costs, excluding interest, associated with units 1 2 (31 33 Main St E) located in the Old Town Shops 11 development will be paid by the Carmel Redevelopment Commission. Please make checks payable and mail to: Pedcor Residential, LLC Attn: Laurie Siler 770 3rd Ave SW Carmel, Indiana 46032 p ,DukeEnergy® .................I E?ate:<>> 'iii= a. mau e. Account Number 9740 3639 -02 -1 CM 02 Jun 26, 2009 16.45 For more detailed billing information on your monthly bill, check box on right HelpingHand Contribution Amount Enclosed (for Customer Assistance) 00025107 PSI I ZA 09156- ZIPCODE 02 YNNNNN loz Pedcor Residential Attn Sherri Lechner PO Box 9001076 770 3Rd Ave SW Louisville KY 40290 -1076 Carmel IN 46032 -2036 900 00000016454 97403639021 062620099 00000016918 f PLEASE RETURN THE TOP PORTION WITH YOUH PAYMENT. t Page 1 of 1 f t?tMt.15e€vtC A#dres F>t #f1 UJrteS CII Accau Nttrrtbrai i Pedcor Residential Duke Energy 1- 800 521 -2232 9740 3639 -02 -1 1 31 Main St E Suite: 100 Carmel IN 46032 atl R.ayrneltse Acrt�nt:Jnferma�on PO Box 9001076 Payments after Jun 04 not included Bill prepared on Jun 04, 2009 Louisville KY 40290 -1076 Last payment received May 19 Next meter reading Jul 02. 2009 i Rescfi Date Meter hiaittng Jctua# lV�etet i urrrber I~ am fia bays prevxius 'resent �Jlt�ltf usage -W Elec 106959565 May 05 Jun 03 29 3222 3225 1 3 0.00 #ect :1 Cernmercaal 0U.rre#tt .131 #Iin I Usage 3 kWh 0.00 kVar Amt Due Previous Bill 18.48 Duke Energy Rate LSNO 15.37 Payment(s) Received 18.48 Current Electric Charges 15.37 Balance Forward 0.00 Current Electric Charges 15.37 i Taxes 1.08 X Current Amount Due 16.45 Taxes 1.08 t I I l i I f f a I o I I I I Attu fluff :Latte �Arnourrt Due Jun 2_ Average Cost: 5.1233 per kWh Jun 26, 2009 16.45 16.91 Pahr I l ueEnergy® visit us at www.duke- energy.com I i i Deate Account Number 1840- 3639 -02 -4 CM 02 Jun 26, 2009 16.45 For more detailed billing information on your monthly bill, check box on right HelpingHand Contribution Amount Enclosed (for Customer Assistance) II [loll 11n11n►, 111n1111u1111 loll 111u11u1n111 loll loll 11 00025066 PSI1 ZA 09156 ZIPCODE 02 YNNNNN toz Pedcor Residential Attn: Sherry Lechner PO Box 9001076 770 3Rd Ave SW Louisville KY 40290 -1076 Carmel IN 46032 -2036 f 900 00000016454 18403639024 062620099 00000016918 f t PLEASE RETURN THE TOP PORTION WITH YOUR PAYMENT. t Page 1 of 1 i:i::i:i:;iii i ?::`asi:i _:;c: y;;.; j::::'';:;;::" 3::: IBS. Ftstttt�t#Irts G #1 �l��t�tlrtf Nur�� i s Pedcor Residential Duke Ener gy 1- 800 521 -2232 1840 3639 -02 -4 31 Main St E Suite: 200 Carmel IN 46032 f txts 3� 8 c i0t i f€�rtnatioln. I PO Box 9001076 Payments after Jun 04 not included Bill prepared on Jun 04, 2009 Louisville KY 40290 -1076 Last payment received May 19 Next meter reading Jul 02, 2009 Ft d rte i s 11etKIO .ti Actual g< te# Ua�rs jF �evipus #reset It tsa a #W tsrn.: to Elec 106939258 May 05 Jun 03 29 15824 15827 1 3 0.00 Etd#r C rrtettrat►'::> C�rr>` 13i11in E Usage 3 kWh 0.00 kVar Amt Due Previous Bill 30.35 I Duke Energy Rate LSNO 15.37 Payment(s) Received 30.35 Current Electric Charges 15.37 Balance Forward 0.00 j Current Electric Charges 15.37 Taxes 1.08 Current Amount Due 16.45 Taxes 1.08 i I i i i a 0 n 1 s m Q m a a it 9 f i E Average Cost: 5.1233 per kWh Jun 26, 2009 16.45 16.91 9uenery® visit us at www.duke- energy.com I I Due ssu Iat> Account Number 5840- 3639 -02 -6 CM 02 Jun 26, 2009 16.33 For more detailed billing information on your monthly bill, check box on right HelpingHand Contribution Amount Enclosed (for Customer Assistance) 00025084 PSI1 ZA 09156 ZIPCODE 02 YNNNNN 1 oz Pedcor Residential Attn:Sherry Lechner PO Box 9001076 770 3Rd Ave SW Louisville KY 40290 -1076 Carmel IN 46032 -2036 r 900 00000016330 58403639026 062620099 00000016799 i 1 PLEASE RETURN THE TOP PORTION WITH YOUR PAYMENT. t Page 1 of 1 f I __:s= isii_ i?: G` iiii::::: :::::_i' ".:�;:i3;:i:::.;::i:`'� �":::i:�;":;;:;::i; drys Fore 0s,tt Acount Nt1at Pedcor Residential Duke Energy 1- 800 521 -2232 5840 3639 -02 -6 31 Main St E Suite: 300 Carmel IN 46032 i I lira €f Pay# 3 A. �#I>tt if f� rtna. PO Box 9001076 Payments after Jun 04 not included Bill prepared on Jun 04, 2009 Louisville KY 40290 -1076 Last payment received May 19 Next meter reading Jul 02, 2009 FtBadtrta:' AReter R�€tl,.. Attait Mete1rmbe> .1cr ,....,flslreuialts tlNult Usage tE$1 Elec 106959562 May 05 Jun 03 29 9199 9201 1 2 0.00 i EtBC1r t Current :Bath s Usage- 2 kWh 0.00 kVar Amt Due Previous Bill 60.33 Duke Energy Rate LSNO 15.26 Payment(s) Received 60.33 Current Electric Charges 15.26 Balance Forward 0.00 i Current Electric Charges 15.26 Taxes 1.07 axEas Current Amount Due 16.33 Taxes 1.07 i f I I I I 7 i f a i i n r I m Q a i d i Aff t 6r A€iEault..:L�i3e:: J.u�2.F Average Cost: 7.6300 per kWh Jun 26, 2009 16.33 16.79 Pop ikei iyergy® visit us at www.duke- energy.com i P Duke Energy. Account Number 8270- 3641 -02 -0 CM 02 Jun 26, 2009 33.50 For more detailed billing information on your monthly bill, check box on right Helping Hand Contribution Amount Enclosed (for Customer Assistance) II loll 111n11uu111u1111111111 LII 111111 11n11u111u1 loll 11 00025096 PSI1 ZA 09156 ZIPCODE 02 YNNNNN 1 oz Pedcor Residential I Attn Sherri Lechner PO Box 9001076 770 3Rd Ave SW Louisville KY 40290 1076 Carmel IN 46032 -2036 i 900 00000033502 82703641020 062620099 00000034444 y i I t PLEASE RETURN THE TOP PORTION WITH YOUR PAYMENT. t Page 1 of 1 �c+ A� r1✓ :::2:% c'f ::::>2 is YS i i ?:i: i ?ii ::l' r 1 ................:�:::;.::::i: ill rss: F ingtfs Ctl Ac€ustf N ur�ter Pedcor Residential Duke Energy 1- 800 521 -2232 8270- 3641 -02 -0 33 Main St E Carmel IN 46032 .Paymei ts....� M c u t infer..... i PO Box 9001076 Payments after Jun 04 not included Bill prepared on Jun 04, 2009 Louisville KY 40290 -1076 Last payment received May 19 Next meter reading Jul 02, 2009 i Ao#ual Iteler .#umb Days .:Devious lresertt tlAttlta Usage Elec 106939248 May 05 Jun 03 29 36494 36619 1 125 6.96 E at3r Caractat: Ctsrrerit;l3ttl� i Usage- 125 kWh 0.60 kVar Amt Due Previous Bill 164.01 Duke Energy Rate LSNO 31.31 Payment(s) Received 164.01 Current Electric Charges 31.31 Balance Forward 0.00 Current Electric Charges 31.31 I Taxes 2,19 Cur TA re nt Amount Due f 33.50 i Taxes 2.19 f �i 1 I f I i i ✓y� v m I a J f l p1 a m A�t Due;`: Average Cost: 0.2505 per kWh Jun 26, 2009 33.50 34.44 i aukener y® visit us at www.duke- energy.com ®ukeEnergy® .......I....................... Dne <I]ate Aisiount 'q Account Number 7740 3639 -02 -0 CM 02 Jan 26, 2009 16.45 For more detailed billing information on y3ur monthly bill, check box on right HelpingHand Contribution Amount Enclosed (for Customer Assistance) I 1 loll 1 111111111111111111 111111 11111 11111 511111111 00025095 PSI1 ZA 09156 ZIPCODE 02 YNNNNN 1 oz Pedcor Residential Attn:Sherry Lechner PO Box 9001076 770 3Rd Ave SW Louisville KY 40290 -1076 Carmel IN 46032 -2036 900 00000016454 77403639020 062620099 00000016918 t PLEASE RETURN THE TOP PORTION WITH YOUR PAYMENT. t Page 1 of 1 Na IService ,4ddress' For Iftgctf tas Gail Ac aunt Nurri er>' i Pedcor Residential Duke Energy 1- 800 -521 -2232 7740 3639 -02 -0 33 Main St E Suite: 200 Carmel IN 46032 f fail ray# bents Ta A�cccx�nt ltalfarma #ton PO Box 9001076 Payments after Jun 04 not included Bill prepared on Jun 04, 2009 Louisville KY 40290 -1076 Last payment received May 19 Next meter reading Jul 02, 2009 Rsadi>trg flat a Me fey Resdtrrg Acival e ei 1uf>?b F# r ..'�a flays f ..revIOU$ Preserrli M �tit� tl.... �Vy Elec 106939255 May 05 Jun 03 29 12949 12952 1 3 0.00 Fier #rlic.crritnerEia Curret.Billtn Usage 3 kWh 0.00 kVar Amt Due Previous Bill 62.36 Duke Energy Rate LSNO 15.37 Payment(s) Received 62.36 Current Electric Charges 15.37 Balance Forward 0.00 Current Electric Charges 15.37 Taxes 1.08 axes. Current Amount Due 16.45 Taxes 1.08 i i n 0 m I n d D 1 1 d D tt8f..: flue Date iAMaunt Due Jun 2t, 20r Average Cost: 5.1233 per kWh Jun 26, 2009 I 16.45 16.91 i ®141 @EI' ergy® visit us at www.duke- energy.com I �I O D P DukeEnergy. i A ou.... Account Number 8740 3639 -02 -6 CM 02 Jun 26, 2009 26.02 For more detailed billing information on your monthly bill, check box on right L HelpingHand Contribution Amount Enclosed (for Customer Assistance) I 1L1 1111111 loll 11111 All I III IIInII loll Ilull 00025101 PSI1 ZA 09156 ZIPCODE 02 YNNNNN loz Pedcor Residential Attn:Sherry Lechner PO Box 9001076 770 3Rd Ave SW Louisville KY 40290 -1076 Carmel IN 46032 -2036 900 00000026026 87403639026 062620099 00000026751 T PLEASE RETURN THE TOP PORTION WITH YOUR PAYMENT. t Page 1 of 1 f S .........................F�r..l uir i >>`i >Adaiur##Nltnh::: Pedcor Residential Duke Energ 800 gy 521 -2232 8740 3639 -02 -6 33 Main St E Suite: 300 Carmel IN 46032 i M I. crts A►cctxtar lntQ matian i Y PO Box 9001076 Payments after Jun 04 not included Bill prepared on Jun 04, 2009 Louisville KY 40290 -1076 Last payment received May 19 Next meter reading Jul 02, 2009 :Reac€tn Date:;:::: >Meter::Readt ...Acttrat:::> lt+r turn ..rnt� Ta t]a�rs revta u s I? Usage tc1�1 Elec 106939256 May 05 Jun 03 29 28999 29070 1 71 4.21 I EtaGit ic. Cvrr merEta� t�irrent :BtIltn Usage- 71 kWh 0.60 kVar Amt Due Previous Bill 83.18 I Duke Energy Rate LSNO 24.32 Payment(s) Received 83.18 Current Electric Charges 24.32 Balance Forward 0.00 Current Electric Charges 24.32 Taxes 1.70 axes.. Current Amount Due 26.02 Taxes 1.70 i i T m 1 a i o n i m v flue date �Amouctt.Dr#e. Jun 26 Average Cost: 0.3425 per kWh Jun 26, 2009 26.02 26.75 Duff'k visit us at www.duke- energy.com JUN -i7 -2009 11:44 CIBBANK P.01 CIB Bank Indiana 5435 N. Emerson Way, Suite 100 Indianapolis, IN 46226 (317) 542 -5700 fax (317) 542 -5710 INVOICE Customer Name Pedcor Residential Date 6/17/2009 Address 770 Third Avenue S W Order No. City Carmel State IN Zip 46032 Rep Ref: FOB Qty n Description ._..Unit Price TOTAL 1 !Frost Brow Todd LL legal bill for lo a n extension $2,889.30 $2,889.30 i Phase II Construction Loan j I I I I I j I SubTotal $2,889.30 Shipping Handling Taxes State TOTAL $2 Amount Debited from Account "Community Banking The Way It Used To Be" Thank you for your business JUN —i7 -2009 11:44 CIBBANK P.02 June 17, 2009 Pedcor Residential, LLC (Phase 11) Account LR 11145.0984372 Invoice 10544012 ITEMIZED SERVICES DATE DESCRIPTION TMKR HOUR 04/03/09 Pedcor Residential. Review closing agenda and update endorsements required for the CFC 0.20 modification. 04/14/09 Review UCC search results. Telephone conference with client re revisions to descriptions of REB 0.50 credit facilities and participation agreement. 04/15/09 Revise documents per comments of client. Draft new participation agreement. REB 1.20 04/16/09 Telephone conference with Ron Brown, counsel for Pedcor. REB 0.30 04/17/09 Draft new participation agreement. Review and edit draft participation agreement. REB 1.10 04/18/09 Review UCC search results REB 0.30 04/21/09 Review County and State financing statement filings and summarize same. Read and respond CFC 2.40 to a -mails re title endorsements from R. Bennett and S. Bowen. 04/21/09 Telephone conference with Brian Chaffin re requested revisions to closing requirements. REB 0.60 Receive e -correspond ence from Borrower (Shelby Bowen) re title endorsements and survey questions. Conference with Carol Champneys re.: title endorsements. 04/22/09 Read e-mail from S. Bowen re loan documents and due diligence. CFC 0.20 04/22/09 Revise closing checklist per instructions of client. Transmit to client and borrower. REB 0.60 Conference with Carol Champneys re: title endorsements. 05/05/09 Read e-mail re status of survey and title work. Review survey and title endorsements. CFC 0.90 05/05/09 Review organizational documents for borrower. REB 0.20 05/06 /09 Complete survey and title review. Phone call to K. Boren re encroachment exception. Read e- CFC 2.50 mails re same. Discussion with R. Bennett re encroachment issue. Read e-mail from S. Bowen re encroachment. Phone calls with S. Bowen, discussion with R. Bennett and conference call with the Bank re modification of mortgage to include additional real estate. 05/06/09 Telephone conference with Shelby Bowen regarding: survey issues. Review title REB 0.80 endorsements. Conference with Carol Champneys regarding title endorsements and survey encroachment issues. Telephone conference with Jeff Deeter regarding encroachment issues. Telephone conference with Shelby Bowen regarding document execution. 05/07/09 Phone call to K. Boren re encroachment and endorsement insuring against forced removal. E- CFC 0.40 mail to R. Bennett re same. TOTAL 12.20 PERSONNEL FEE SUMMARY NAME RANK HOURS RATE AMOUNT Bennett, Rex E. Member 5.60 350.00 1,960.00 C hampneys, C arol F. Paralegal 6.60 135.00 891.00 TOTAL 12.20 $2,851.00 2 JUN-17 -2009 11:44 CIBBANK P.03 June 17, 2009 Pedcor Residential, LLC (Phase II) Account LR11 145.0984372 Invoice 10544012 ITEMIZED COSTS DATE DESCRIPTION AMOUNT 04/07/09 Messenger Service Courier run to IN SOS 6.00 04/08/09 Search Search Indiana Secretary of State UCC search on borrower. Pedcor 5.00 Residential, LLC 04/08/09 Search Search Hamilton County Recorder UCC search on borrower, 15.00 Pedcor Residential. LLC TOTAL 26.00 SUMMARIZED COSTS DESCRI QTY PER UNIT TOTAL Reproductions 82.00 0.15 12.30 TOTAL 12.30 TOTAL COSTS JL830 3 TOTAL P.03 Delivery Service Invoice Invoice date May 9, 2009 Invoice number 000099A2Y9199 TM Shipper number 99A2Y9 Page 1 of 4 For questions about your invoice, call: #BWNCWNG# (800) 811 -1648 #0249A000099A2Y984 77422200019669 Monday Friday AT 01 042062 1706OH152 A *3DGT 8:00 a.m. 9:00 p.m. E.T. I 11 111111' I I I I' 1 1 l' 1 1 1 1 1 "I I I I' l l l l l l l l l l l l l l l l l l l l l l l l l l l l l or visit ups.com PEDCOR BANKCORP or write: UPS SHERRI LECHNER P.O. Box 650580 770 3RD AVE SW Dallas, TX 75265 -0580 CARMEL, IN 46032 -2036 Thank you for using UPS. Incentive Savings Summary of Charges Total incentive savings this period 28.22 age Charge Your amount due this period includes these savings. Outbound See incentive summary section for details. 3 UPS CampusShip 164.68 Account Status Summary Service Charges 9.00 Weekly Payment Plan Amount due this period 173.68 Amount Due This Period $173.68 j Amount Outstanding (prior invoices) 250.72 UPS payment terms require payment of this invoice by May 20, Total Amount Outstanding 424.40 2009. Please include the Return Portion of each outstanding invoice with your payment. See Account Status for details. Payments not received by June 3, 2009 are subject to a late fee of 6% of the Amount Due This Period. (Details in UPS Tariff, One -stop shop for document services available at ups.com) Everybody knows The UPS Store® for its packing and shipping expertise. But did you know it is a one -stop shop for Note: This invoice may contain a fuel surcharge as described at ups.com. The published fuel surcharge is 2.259 for UPS Ground all your document service needs, too? Whether you need Services and O.W. for UPS Air Services, UPS 3 Day Select, and digital printing and copying, document finishing, or custom International services. For more information, visit ups.com printing service, stop by one of the nearly 4,400 locations of The UPS Store. Visit theupsstore.com today. Please tear off and send with your payment in the enclosed envelope. Do not use staples or paper clips. Return Portion Invoice Date May 9, 2009 Invoice Number 000099A2Y9199 Shipper Number 99A2Y9 PEDCOR BANKCORP SHERRI LECHNER Amount due this period 173.68 770 3RD AVE SW Amount enclosed CARMEL, IN 46032 -7613 If this billing address is incorrect, mark an "X" in this box and Il 'II111111'I'II'II.II.I.II.IIIII '1'1'111'1 "'Illllllllllllll "I make the appropriate changes above. UPS LOCKBOX 577 CAROL STREAM, IL 60132 -0577 99A2Y9 5 050909 0249 1 00000173680 4 642062 1/2 Delivery Service Invoice Invoice date May 9, 2009 Invoice number 000099A2Y9199 Shipper number 99A2Y9 Page 2 of 4 Incentives Account Status Outbound Weekly Payment Plan Service Date Incentive Plan Amount Outstanding (prior invoices): Published Incentive Please include the Return Portion of each outstanding invoice Incentive L eve l C ount Charges Credit with your payment. Balance Next Day Air Saver Commercial Letter Invoice Number Invoice Date Due 05/0212009 ESF8113 Tier 2 32.95 -6.59 000099A2Y9169 04/18/2009 82.16 Tier incentive based on an average weekly revenue of 000099A2Y9179 04/25/2009 72.00 $604.09 for ME: 05/03/2008 W /E: 04/25/2009. 000099A2Y9189 05/02/2009 96.56 Next Day Air Saver Commercial Letter Total 250.72 05/09/2009 ESF8113 Tier 5 89.35 -17.87 Outstanding balances reflect any payments received as of 05/0812009. Please ignore this message if a recent payment has Tier incentive based on an average weekly revenue of been made for any outstanding invoices. $604.25 for W /E: 05/10/2008 WE 05/02/2009. Next Day Air Saver Residential Letter 05/0912009 EXT2892 Tier 1 18.80 -3.76 Tier incentive based on an average weekly revenue of $604.25 for W /E: 05/10/2008 W /E: 05/02/2009. Total Outbound -28.22 Total Incentives -28.22 Delivery Service Invoice Invoice date May 9, 2009 Invoice number 000099A2Y9199 OW Shipper number 99A2Y9 Page 3 of 4 Outbound UPS CampusShip Pickup ZIP Published Incentive Billed Date Tracking Number Service Code Zone Weight Charge Credit Charge 05/01 lZ99A2Y91 39 2752 1 39 Next Day Air Saver 05403 135 Letter 19.80 -3.96 15.84 Commercial 1st ref 904 2nd ref n/a UserlD ayordy Sender ayordy Receiver: John J. Middleton PEDCOR BANCORP Northern States Management 770 3RD AVE SW 20 Kimball Avenue CARMEL IN 46032 BURLINGTON VT 05403 Total for UserlD: ayordy 19.80 -3.96 15.84 05/04 lZ99A2Y91392880947 Next Day Air Saver 55101 134 Letter 18.80 -3.76 15.04 Commercial 1st ref 903 2nd ref n/a UserlD jkieferl Sender :Jane Kiefer Receiver: Richard Stock PEDCOR BANCORP Arch Insurance Group 770 3RD AVE SW 30 E. 7th St. CARMEL IN 46032 SAINT PAUL MN 55101 1Z99A2Y91597185221 Next Day Air Early A.M. 46131 102 2 18.40 18.40 Commercial Early A.M. Surcharge 31.00 31.00 Total 49.40 49.40 1st ref :710 2nd ref n/a UserlD jkieferl Sender Jane Kiefer Receiver: Clerk's Office PEDCOR BANCORP Johnson County Superio r Ct. #3 770 3RD AVE SW Five East Jefferson St reet CARMEL IN 46032 FRANKLIN IN 46131 05/07 lZ99A2Y91395407640 Next Day Air Saver 19890 134 Letter 18.80 -3.76 15.04 Commercial 1st ref :710 2nd ref n/a UserlD jkieferl Sender Jane Kiefer Receiver: Geoffrey Lewis PEDCOR BANCORP Wilmington Trust Compa ny 770 3RD AVE SW Rodney Square North CARMEL IN 46032 WILMINGTON DE 19890 iZ99A2Y91395675057 Next Day Air Saver 19890 134 Letter 18.80 -3.76 15.04 Commercial 1st ref :710 2nd ref n/a UserlD jkieferl Sender Jane Kiefer Receiver: Chris Slaybaugh PEDCOR BANCORP Wilmington Trust Compa ny 770 3RD AVE SW Rodney Square North CARMEL IN 46032 WILMINGTON DE 19890 lZ99A2Y91399642272 Next Day Air Saver 02110 135 Letter 19.80 -3.96 15.84 Commercial 1st ref :710 2nd ref n/a UserlD jkieferl Sender Jane Kiefer Receiver: Mr. Paul Allen PEDCOR BANCORP US Bank National Assoc. 770 3RD AVE SW Corporate Trust Services Div. CARMEL IN 46032 BOSTON MA 02110 1Z99A2Y91399745269 Next Day Air Saver 19801 134 Letter 18.80 -3.76 15.04 Residential Residential Surcharge 2.40 2.40 Total 21.20 -3.76 17.44 1st ref 905 2nd ref n/a UserlD jkieferl Sender :Jane Kiefer Receiver: Amy L. Martin PEDCOR BANCORP Wells Fargo Bank, N.A. as Trustee 770 3RD AVE SW 919 N. Market Street CARMEL IN 46032 WILMINGTON DE 19801 Total for UserlD: jkieferl 146.80 -19.00 127.80 042062 2/2 I Delivery Service Invoice Invoice date May 9, 2009 Invoice number 000099A2Y9199 Shipper number 99A2Y9 Page 4 of 4 Outbound UPS CampusShip (continued) Pickup ZIP Published Incentive Billed Date Tracking Number Service Code Zone Weight Charge Credit Charge 05/01 1Z99A2Y91399382213 Next Day Air Saver 46226 132 Letter 13.15 -2.63 10.52 Commercial 1st ref 961 2nd ref :7356 UserlD slechner Sender Sherri Lechner Receiver: Kellie Fuller PEDCOR BANCORP CIB Bank 770 3RD AVE SW 5435 N. Emerson Way CARMEL IN 46032 INDIANAPOLIS IN 46226 05i07 1 Z99A2Y91397239033 Next Day Air Saver 46226 132 Letter 13.15 -2.63 10.52 Commercial 1 st ref 940 2nd ref n/a UserlD slechner Sender Sherri Lechner Receiver: Jeff Deters PEDCOR BANCORP Marien Bank 770 3RD AVE SW 5435 N. Emerson Way CARMEL IN 46032 INDIANAPOLIS IN 46226 Total for UserlD: slechner 26.30 -5.26 21.04 Total UPS CampusShip 9 Package(s) 192.90 -28.22 164.68 Total Outbound 9 Packages) 192.90 -28.22 164.68 6 RECAP SHEET VENDOR NAME: UPS INVOICE DATE: 05/09/09 INVOICE 99A2Y9199 PROPWUND AMOUNT CHARGED FUNDA FUNDB FUNDC FUNDD FUNDE 12.02 FUNDF FUNDG 161.66 FUNDH FUNDI FUNDJ 500 698 699 995 810 TOTAL 173.68 PEDCOR RESIDENTIAL, LLC ORI GIAI AL One Pedcor Square 770 3rd Ave. SW Carmel, Indiana 46032 June 29, 2009 Carmel Redevelopment Commission Attn: Les Olds For Property located at: Old Town Shops II 31 &33 Main St E Carmel, Indiana 46032 INVOICE Due: Upon Receipt Charge Date Item Amount Real Estate Taxes: 06/03/09 08Pay09 Spring Tax Units 1 2 common area 11,497.22 Total Amount Due 11,497.22 D� Pursuant to the Project Agreement, §2. Obligations of Parties. CRC shall: (b) pay all Real Estate Taxes. Please make checks payable and mail to: Pedcor Residential, LLC Attn: Laurie Siler 770 3rd Ave SW Carmel, Indiana 46032 Approved by the State Board of Accounts for Hamilton County, 2009 PLEASESEEiRE?ERSESIDEFORTMPORTANT 2008 TON COUNTF "t Ir AND ASSESSMENT STATEMENT INSTRIT 56 TIONStiU Y r To Pay by Credit Card: Call 1- 888 604 -7888 or visit ww-Nv. goynaynow.com Cmt men 005.000 entEXP *AUTO *5 -DIGIT 46032 Experience. Expert se. Expms,• Pedcor Residential LLC One Pedcor Square 770 3rd Ave SW 1. Have ready: 2. Service fee: You will be Carmel IN 46032 -2036 008213 Pay Location Code (PLC 6500 charged a small service I�Inl�llnilnn�lln�l�l��l�llln�nlinllnin�llln�ln�ll Parcel Number (see arrow above) fee by the credit card Amount see "Total Due" (boxes processor (based on and in bold on the coupons below) in addition to "Total Due Spring/Fall i DETACH AND RETURN ONLY THIS PORTION WITH YOUR FALL PAYMENT Y€rz�:;. s �s- J �..r r., 'yx+.,� .x, zc;_ .,':!pF y �K:"� Z� „"z"s I R�AL 1�LLMR xA1y>TLTON cot�rlTY TAx4 ASSESSMENT ft sT�ATEMENT PARCEL -ID 16 10 30 03 01 005.000 DUE DATE STATE NUMBER 29- 10- 30- 301 005.000 -018 11/10/2009 FALL TAX INSTALLMENT: 11497.22 LEGAL DESCR WARREN PHELPS FALL SPECIAL ASSESSMENT INSTALL: .00 Pt Lot 29 Pt Lot 30 4/11/91 PAID TO DATE FALL: .00 Lot/Block/Acreage P29 &P30 /0.1000 TOTAL DUE FALL: 11497.22 i Add 5% penalty after Nov 10th if there is no delinquent amount: add 10% penalty after Dec 10th IIII IIII III III IIIIIIIII I I III I III II I III III II IIIIIIIIIIIII IIIIIIIII VIII) VIII II I II see back for more information about special assessments +00029200807371566802* f Pedcor Residential LLC 2008 PAY 2009 One Pedcor Square 770 3rd Ave SW TO PAY BY CREDIT CARD, SEE ABOVE CARMEL IN 46032 USA i 161030030100500000029200807371566802000001 ,1497220 DETACH AND RETURN ONLY THIS PORTION WITH YOUR SPRING PAYMENT y.4; i:' r A SPRINGINSTALLMENT N MUTTON c ®urlT raX AND ASSESSMENT STAATEMENT T h PARCEL -ID 16 10 30 03 01 005.000 DUE DATE DELINQUENT TAX PENALTIES: .00 STATE NUMBER 29- 10 -30- 301- 005.000 -018 7/10/2009 SPRING TAX INSTALLMENT: 11497.22 j LEGAL DESCR WARREN PHELPS Pt Lot 29 Pt Lot 30 4/11/91 l Lot P29 &P30 SPRING SPECIAL ASSESSMENT TOTAL: I 00 Block PAID TO DATE SPRING: .00 Acreage 0.1000 TOTAL DUE SPRING: 11497.22 Add 5% penalty after July 10th if there is no delinquent (IIIIIIIIIIIII II (IIII IIII Iilillllllllllllll IIIIIIIIIIIII IIIIIIIIIIII VIII IIIIIIIIIIIIIIIIIIIIII amount: add 10% penalty after Au 10th *+00029200807371566801* see back for more information about special assessments Pedcor Residential LLC 2008 PAY 2009 One Pedcor Square 770 3rd Ave SW CARMEL IN 46032 USA TO PAY BY CREDIT CARD, SEE ABOVE 1610300301005000000292008073715668010000011497222 STATE FORM 53569(1 -09) TREASURER FORM TS- 1(2006) APPROVED BY STATE BOARD OF ACCOUNTS PRESCRIBED BY THE DEPARTMENT OF LOCAL GOVERNMENT FFNANCE 9 Your property taxes are capped at 1.5% of property value for homes; 2.5% for other residential and farmground, and 3.5% for all other property. In 2010, these caps will be fully phased in at 1 2% and 3 State relief is given in the form of a credit (line 4a) for 2007 -2008, and a reduced tax range (line and table3) and s deduction (line 2b) in 2009. Taxpayer Name and Property Address Date of Notice Parcel Number Taxing District Pedcor Residential LLC June 19, 2009 State: 29- 10 -30- 301 005.000 -018 Carmel One Pedcor Square Local: 16 10 30 03 01 005.000 41 Main St CARMEL 46032 Legal Description Lot: P29 &P30 Block: Acreage: 0.1000 WARREN PHELPS AX SUMMARY ITEM 2007 2008 2009 1. Gross assessed value of property 1a. Gross assessed value of land $110,200.00 $277,300.00 $304,800.00 1b. Gross assessed value of improvements $0.00 $1,475,200.00 $1,022,900.00 2. Equals total gross assessed value of property $110,200.00 $1,752,500.00 $1,327,700.00 2a. Minus_ deductions (see table 5 below) a 200.00 $0.00 $0.00 $0.00 i $C.00 W' 2b. Minus new State supplemental deduction (see table 5 below) $0.00 3. Equals subtotal of net assessed value of property $0.00 $1,752,500.00 $1,327,700.00 3a. Multiplied by your local tax rate 1.912100 2.009000 1.731900 4. Equal gross tax liability (see table 3 below) $0.00 $35,207.72 $22,994.44 4a. Minus State property tax relief $0.00 $7,092.38 -$0.00 4b. Minus Local tax relief -$0.00 -$0.00 -$0.00 4c. Minus savings due to property tax cap (information found in Table 2 below) -$0.00 -$0.00 -$0.00 4d. Minus savings due to 65 years or older cap $0.00 -$0.00 -$0.00 5. Total property tax liability $0.00 $28,115.34 $22,994.44 ease see a e or a summary o other Charges o Is grope 'd. 5' ..p .may -`a' fir' .R..�f ;rr"sRk MON Property tax cap (equal to 1.5 2.5 or 3.5% of Line 2, depending upon property type) $0.00 $0.00 $46,469.50 Adjustment to cap due to voter approved projects and changes $0.00 Maximum tax that may be imposed under cap $0.00 $46,469.50 I E •g'�'.P.°."b;4. gq, ^tkS TAXING ;AUTHORITY TAX 2007 TAX 2008 TAX 2009 TAX DIFFERENCE PERCENT TAX DIFFERENCE PERCENT 2007 -2008 DIFFERENCE 2008 -2009 DIFFERENCE STATE 00 70.10 .00 70.10 .00 -70.10 100.00 COUNTY 00 3597.89 3558.24 3597.89 .00 -39.65 -1.10 TOWNSHIP .00 1007.69 1254.68 1007.69 .00 246.99 24.51 SCHOOL DISTRICT .00 20845.98 8461.43 20845'.98 .00 12384.55 -59.41 CORPORATION 00 8820.33 8847.79 8820.33 .00 27.46 .31 LiGRAIZY .00 865.73 872.30 865.73 .00 6.57 .76 TIF .00 .00 .00 .00 .00 .00 .00 00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 TOTAL .00 35207.72 22994.44 35207.72 .00 12213.28 -34.69 The tax rate for each unit is equal to the gross property tax for that unit divided by the net assessed value for a given year. ,�w� ..ur�"�,...::§ •:r �>c�� .e:+ .�.,�,„�,_...�«,�x ��,,#..�^3.Grk; �.�3Tt�'�.�^j +p%� a; 1 LEVYING AUTHORITY 2007 2008 2009 TYPE OF DEDUCTION 2007 2008 2009 Ditch Assessments .00 .00 .00 Homestead Standard 0 0 0 Sewer Liens 00 .00 .00 Mortgage 0 0 0 Weed Liens .00 .00 .00 Supplemental 0 Unsafe Buildings 00 .00 .00 Disabled /Blind 0 0 0 Barrett Law .00 .00 .00 Veteran 0 0 0 I Other Deductions 110200 0 0 TOTAL ADJUSTMENTS 00 .00 .00 TOTAL DEDUCTIONS 110200 0 0 1. Charges not subject to the property tax cap include property tax levies approved by voters through referendum. In Lake County and St. Joseph County, this line also reflects debt obligations i incurred prior to the creation of property tax caps. When added to the base property tax cap amount for your property, this creates the effective tax cap rate. For more information, see the back of this document. 2. If any circumstances have changed that would make you ineligible for a deduction that you have been allowed in the exemption block on this tax bill, you must notify the county auditor. If such a change in circumstances has occurred and you have not notified the county auditor, the deduction will be disallowed and you will be liable for taxes and penalties on the amount deducted. l 1 PROJECT AGREEMENT This Project Agreement (the "Agreement'), b Redevelopment Comm' sion "CRC and Pedcor Residential y and between The City of Carm� day of M,+ LLC (the 2006, "Developer'), executed as of this W ITNESSES: Recitals WHEREAS, CRC owns the Project Site; Project thereon; WHEREAS, CRC intends to convey the Project Site to a developer that will construct the WHEREAS, CRC is required to comply with the Statute and conduct a public offering prior to any conveyance of the Project Site; WHEREAS, in compliance with the Statute: (a) CRC prepared the Notice of Sale; and (b) published the Notice of Sale twice; WHEREAS, the Development Proposal constituted a conforming bid with respect to the conveyance and redevelopment of the Project Site; and WHEREAS, Developer desires to: (a) acquire the Project Site from CRC; and (b) construct the Project upon the Project Site; WHEREAS, CRC and Developer desire to enter into this Agreement; AQre ement NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are acknowledged hereby, CRC and Developer agree as follows: 1. Defined Terms. Accrued Interest shall mean all interest accruing under the Construction Loan Documents at the standard (non- default) rate of interest payable under the Construction Loan Documents. Appraisal shall mean an appraisal ofthe Projectshowing the value of the completed Project, which appraisal shall be subject to the reasonable approval of CRC. Architectural Representative shall mean the Executive Director of CRC (currently Les Olds). Architectural Style Sheets shall mean the architectural style sheets attached hereto as Exhibit G. Change Order shall mean a change order that: (a) finalizes the inclusion into the Final Developer Plans of a change proposed in an approved Change Order Request; and (b) is executed by CRC, Developer, and /or the Unit Purchaser, as applicable; 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 Developer Plans. Closing shall mean the closing with respect to the Construction Loan and the conveyance by CRC to Developer of fee title to the Project Site. Closing Date shall mean the date of the Closing. 1 1 Unit 3 shall mean the Mixed -Use Unit depicted as such on Exhibit M, a portion of which shall: (a) be leased by CRC or a Designee Agency; and (b) house public restrooms and additional common areas and facilities. Unit 3 Lease shall mean a lease by and between Developer, as landlord, and CRC or a Designee Agency, as tenant, for the first floor of Unit 3, which lease shall be: (a) substantially in the form attached hereto as Exhibit N; and (b) assigned. by Developer to Pedcor Office pursuant to Subsection 12(d). Unit Purchase Agreements shall mean purchase agreements for the Mixed -Use Units, pursuant to which: (a) Developer shall undertake responsibility for: (a) conveyance and title obligations with respect to the applicable Mixed -Use Unit; and (b) construction obligations and warranties with respect to the applicable Mixed -Use Unit. Unit Purchaser shall mean a party purchasing a Mixed -Use Unit pursuant to a Unit Purchase Agreement. Zoning Ordinance shall mean the Old Town District -C2 Zoning Ordinance, a copy of which is attached hereto as Exhibit H. 2. Obligations of Parties. CRC shall: (a) convey the Project Site to Developer; (b) pay all Real Estate Taxes; (c) pay the Developer Fee in accordance with the Developer Budget, but, in all cases, subject to the terms and conditions of the Subordination Agreement; (d) promptly upon receipt of written request, provide the Right of Entry to Developer; and (e) complete the CRC Site W ork; all subject to the terms and conditions of this Agreement. Developer shall: (a) exercise diligent, good faith efforts to obtain the Construction Loan; (b) purchase the Project Site from CRC; (c) design the Project in the exercise of its best• professional judgment, bearing in mind that CRC has established an initial budget forthe Total Project Costs; (d) construct the Project; and (e) satisfy its obligations under the Unit Purchase Agreements; all subject to the terms and conditions of this Agreement. 3. Closing. Subject to the terms and conditions of this Agreement, the Closing shall occur on or before the date on which the Due Diligence Period expires, with the Closing Date to be established mutually by CRC and Developer. The Closing shall take place at the office of the Title Insurer, or at such other place as CRC and Developer mutually agree. At the Closing: (a) Developer shall pay the Initial Investment to CRC; and (b) CRC shall use a portion of the Initial Investment to: (i) pay architectural and engineering costs and legal costs in accordance with the Developer Budget, but, in all cases, subject to the terms and conditions of the Subordination Agreement; provided that no portion of the.lnitial Investment shall be used to pay Excess Professional Costs; and (ii) rebate to Developer an amount equal to the lesser of: (A) $640,000.00; or (B) the full Initial Investment less the amounts used by Developerto pay architectural and engineering costs and legal costs as set forth above. 4. Closing Documents. At the Closing, Developer and /or CRC, as the case may be, shall execute and /or deliver, as applicable, the following documents: (a) a fully executed limited warranty deed conveying to Developer marketable, indefeasible fee simple title to the Project Site, free and clear of any and all liens, encumbrances, easements, restrictions, covenants, and other title defects (except the Permitted Exceptions); (b) a vendor's affidavit in form and substance required forthe Title Insurerto delete the standard `pre printed" exceptions; (c) an affidavit that CRC is nota "foreign person in form and substance required bythe Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder; Z:%Doc=cntd Sbonp, JennyZity of Caren elms DistrictTaroel 28Apr06 161Project AgroementTroject Agm=enLv4.wpd -7- Piescribedbu City Form No. 201 (Rev. 1995) StateBoardofAccounts 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 L LG Purchase Order No. 770 r� 5�� Terms Date Due Invoice Invoice Description Amount Date Number (or note attached invoice(s) or bill(s)) 062g52L� Z-290 0 rte P.X Total 153 U� 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 i VOUCHER NO. WARRANT NO. ALLOWED 20 r IN SUM OF Vr^j o JCae' .SC�r/9/�P r /G, /s� 21 ON ACCOUNT OF APPROPRIATION FOR Board Members PO# or INVOICE NO. ACCT #/TITLE AMOUNT DEPT. I hereby certify that the attached invoice(s), or 9O2 06 ;_9c bill(s) is (are) true and correct and that the 9c 66219 e2- 7,2 materials materials or services itemized thereon for which charge is made were ordered and received except 7-1,5 20 0 5 1 Signature Director of Operations Cost distribution ledger classification if Title claim paid motor vehicle highway fund