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169521 03/04/2009 CITY OF CARMEL, INDIANA VENDOR: 00352007 Page 1 of 1 yF ONE CIVIC SQUARE M I MARSHALL ISLEY BANK CHECK AMOUNT: $4,500.00 io CARMEL, INDIANA 46032 PO BOX 3114 MILWAUKEE W 53201 -3114 CHECK NUMBER: 169521 CHECK DATE: 3/4/2009 D EPARTMEN T AC COUNT PO NUMBER IN VOICE N UMBE R A DES CRIPTION 902 4460822 2006141 -0002 4,500.00 FIRST INDIANA —OLD TOW a r 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) Oh the first day of the first full calendar month following the 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 Date 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 14th 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 09 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 14 tK full calendar month following the Execution Date, Purchaser shall pay to Seller '?t, ,000 oo 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 37t 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 Z:\Documenu\Shoup, Jenny \City of Catmel\Frst Indiana- M5\1.and 01 %lam Sale ContractU and Sale Conttact.O.wpd PmeMaeE W Stale Sae d of Aaaeume CJH Fa1m No. 201 (Pal, 1999 ACCOUNTS PAYABLE VOUCHER CITY OF CARMEL An invoice or bill to be property 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. j Terms Date Due Invoice Invoice Descriptio Amount Date Number (or not ttached i ce(s) or blll(s)) a G tiu r, M b' 3J 0 3 n 2 fn G 7 C C C O Z j m O UQ Z r Total SZ�U. U b n a D -0 C I hereby certify that the attached invoice(s), or bill(s), Is (are) true and correct and I have audited same 17c ordance o r n D M D 4 with IC 5.11 10.1.6. Q Q O v U 20 3 �l 7p Clerk- Treasurer ss N m 1 O a 9 O o S Cr D r S �t "k- gy p v O CC C fA N K Z G x m C p CD 2 s O 3 n' m r w w d N 7 S CD, Cl CD a a m CL o Q l n C m m w 5 y 3 ICI &I MARSHALL AND ILSLEY BANK Page 1 of 1 COMMERCIAL LOAN LINE 1- 800 588 -2823 LOAN STATEMENT P O BOX 3114 MILWAUKEE WI 53201 -3114 ACCOUnt/Note Number 00002006141 -00001 Statement Date 02/10/09 I�InI�1InII��n�11���I�In�1II�I��11n��I�I��I��illunllni Offi MINNIS,KAREN L Branch Number 245500 THE CITY OF CARMEL REDEVELOPMENT Current Balance $129,274.49 COMMISSION Payment Due Date 03/01109 111 W MAIN ST SUITE 140 CARMEL IN 46032 -1905 Amount Due $4,500.00 SUMMARY Note /Category Ciirrent Interest Matiirity Description Amount Due Balance ate ....Date 00001 /C 129,274.49 3.500000 07/12/09 Principal Payment 4,154.53 Interest To 03 /01/09 345.47 Total Due On 03/01/09 $4,500.00 RATE INFORMATION "t Variable 0;25000% YEAR -TO -DATE SUMMARY Interest Paid 859.76 Escrow Interest Paid 0.00 Umpplied Funde 0 00 :Escrow Balance 0.00 Taxes Disbursed 0.00 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 �S�o> Purchase Order No. IX Terms Date Due Invoice Invoice Description Amount Date Number (or n attached invoice(s) or bill(s)) 3 09 3� b /grcr 92 i� /U� %�q c�oh o�7 L SGZ�J• Ulf Total 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 IN SUM OF ON ACCOUNT OF APPROPRIATION FOR Board Members PO# or INVOICE NO. ACCT #/TITLE AMOUNT DEPT. I hereby certify that the attached invoice(s), or 4102 5Z 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 20 nature J Cost distribution ledger classification if Title claim paid motor vehicle highway fund