The URL can be used to link to this page

Home My WebLink About170486 04/01/2009 a CITY OF CARMEL, INDIANA VENDOR: 00352007 Page 1 of 1 ONE CIVIC SQUARE M I MARSHALL ISLEY BANK CARMEL, INDIANA 46032 PO BOX 3114 CHECK AMOUNT: $4,500.00 MILWAUKEE WI 53201 -3114 CHECK NUMBER: 170486 CHECK DATE: 4/1/2009 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 902 4460822 200614100001 4,500.00 FIRST INDIANA -OLD TOW which Interest Rate shall change concurrently with each change in the Prime Rate. The Principal Balance and the accrued but unpaid interest (the "Accrued Interest collectively, are the "Contract Balance (c) Payment. (i) On the first day of the first full calendar month following the 1 Execution Date, Purchaser shall pay to Seller the Accrued Interest for the period: (A) commencing on the Execution Date; and (B) ending on the last day of the calendar month in which the Execution D ate occurred. (ii) Commencing on the first day of the second full calendar month following the Execution Date, and continuing thereafter on the first day of each month for 12 consecutive calendar months, Purchaser shall pay to Seller equal monthly payments in the amount of $8,500.00: (iii) Commencing on the first day of the 14 full calendar month following the Execution Date,. and continuing thereafter on the first day of each month for 12 consecutive calendar months, Purchaser shall pay to Seller equal monthly payments in the amount of $6,500.00.. (iv) Commencing on the first day of the 26' full calendar month following the Execution Date, and continuing thereafter on the first day of each month for 11 consecutive calendar months, Purchaser shall pay to Seller equal monthly payments in the amount of $4,500.00. (v) Each of the foregoing monthly payments shall be applied first to Accrued Interest, with any remaining amounts being applied to reduce the Principal Balance. If any monthly payment is insufficient to pay all Accrued Interest, then such unpaid Accrued Interest shall be added to, and become part of, the Contract Balance. (vi On the First day of the 11-m full calendar month following the Execution Date, Purchaser shall pay to Seller 7Z5,goo .6& and such payment shall be applied first to Accrued Interest, with any remaining amounts being applied to reduce the Principal Balance. (vii) On the first day of the 37' full calendar month following the Execution Date (the "Final Payment Date Purchaser shall pay to Seller a balloon payment in an amount equal to the Contract Balance and all Accrued Interest. (d) Prepayment. Purchaser may make prepayments of any amount of the Contract Balance at any time without penalty or premium. All payments made by Purchaser, including prepayments, shall be applied first to Accrued Interest, with any remaining amounts being applied to reduce the Principal Balance. 3. Transfer of Title. Upon payment by Purchaser of the Contract Balance and all Accrued Interest, Seller shall convey to Purchaser fee simple title to the Property by general warranty deed, subject only to: (a) easements and restrictions of record as of the Execution Date, as disclosed in the Land Contract Title Policy; (b) the rights of persons in possession of the Property claiming by, through, or under Purchaser, (c) the lien of all Assessments and installments of Real Estate Taxes payable by Purchaser hereunder, (d) any other encumbrances which, by the terms and conditions of this Contract, are to be paid by Purchaser; and (e) any other encumbrances arising under, by, or through Purchaser. In addition to the foregoing, Seller shall deliver ZADocumentslShoup. Jent'Xity ofCarmeMiim Indiana- 2005%and 01M006 Sale Contract%=d Sale Cnntnet.v5.wpd M &I MARSHALL AND ILSLEY BANK Page 1 of 1 COMMERCIAL LOAN LINE 1- 800 588 -2823 LOAN STATEMENT P O BOX 3114 PAILWAUKEE WI 53201 -3114 Account/Note Number 00002006141.00001 Statement Date 03/13/09 I�I��I�IInII��11n�I�In�I11�I��1InnI�I��InI11�u�11nI Officer MINNIS,KAREN L Branch Number 245500 THE CITY OF CARMEL REDEVELOPMENT Current Balance $125 ,119.96 COMMISSION Payment Due Date 04/01/09 111 W MAIN ST SUITE 140 CARMEL IN 46032 -1905 Amount Due $4,500.00 SUMMARY Note /Category:: Current Iniereat 'Maturity, Description Amount Due ;Balance ;Rate Date 00001 /C 125,119.96 3.500000 07/12/09 Principal Payment 4,125.33 Interest To 04/01/09 374.67 Total Due On 04/01109 $4,500.00 RATE INFORMATION ".Variable 0:25000% YEAR -TO -DATE SUMMARY Interest Paid 1;205:23 >Escrow Interest Paid. 0.00 tJnapplied Funds 0.00 Escrow. Balance 0.00 Takes Disbursed. 0.00 Prescribed by State Board of Accounts ACCOUNTS PAYABLE VOUCHER City Form No. 207 (Rev. 7995) 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 1� T &I 7 f, S tl, Purchase Order No. r ro 8 aX 3 /ly Terms 3201 3�/� Date Due Invoice Invoice Description Amount Date Number (or note attached invoice(s) or bill(s)) 9 ZOl,6 Ooo t/ �9v e p 72 Z,"d fe.rLi 1," pi os7 f� c L 5 GG CW Total 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. ALLOWED 20 IN SUM OF �o 6ex3 Z ON ACCOUN R PR TION FOR Board Members Po# or INVOICE NO. ACCT #/TITLE AMOUNT DEPT. I hereby certify that the attached invoice(s), or 9e 3 4r 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 /20V nature Cost distribution ledger classification if Title claim paid motor vehicle highway fund