The URL can be used to link to this page

Home My WebLink About169058 02/17/2009 a CITY OF CARMEL, INDIANA VENDOR: 00352007 Page 1 of 1 ONE CIVIC SQUARE M I MARSHALL ISLEY BANK CARMEL, INDIANA 46032 CHECK AMOUNT: $4,500.00 PO BOX 3114 MILWAUKEE WI 53201 -3114 CHECK NUMBER: 169058 CHECK DATE: 2/17/2009 DEPARTMENT ACCOU P O NUMBER INVOIC N UMBER AMOUNT DESCRIPTION 902 4460822 2006141 -0001 4,500.00 FIRST INDIANA -OLD TOW L I� i 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. r (i) On 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 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 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 tea full calendar month following the Execution Date, Purchaser shall pay to Seller Mop* .ota 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 ZADocuments\Shoup, Jenny \City of CatmelTirst Indiana- 2005\Land 01 Ntar06 Sale Contract\I.and Sale Conttact.v5mpd vvLJL.nMn wv. vvmnnmii i ivu: ALLOWED 20_ 11 Id I ff)AAS hC h d IN SUM OF 0. 2llX 3IIN m�► ��au ic.� in% i 5 3� o 31► N L/, SOU v o ON ACCOUNT OF APPROPRIATION FOR qpa Board Members D EPT. INVOICE NO. ACCT# rITLE AMOUNT Po# a 1 hereby certify that the attached invoice(s), or '70 Z )00 I 4NI,0 2 lI 500.0 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 J 5 20 S Cost distribution ledger classification if Title claim paid motor vehicle highway fund I O O J O m U C J U 2 i P o ma Q Z N C U d N m N m N U H N N I N N j m U m m Y O U L T- N O W 0 C) a) 0 4 9 O -j an d m a U (j W� 3N r E O OQ J C d U ca a> J �'c a F D 9 2 O LL W O O L �1 7— CL o f 6 S Y �.r d -1 -U� 0 5oa (5r, Z5 oL C 0 N KX lkt 57 0,:v a m n E o �fh 08' S° Q N E2 C '0 �9 gy.�ooy co N r m L 0 U O U N Ov d a O� y e ¢r >C) o L3 3 ',j M &I MARSHALL AND ILSLEY BANK Pa 1 of 2 COMMERCIAL LOAN LINE 1- 800 588 -2823 LOAN STATEMENT P O BOX 3114 MILWAUKEE WI 53201 -3114 Account/Note Number 00002006141 -00001 Statement Date 12/12/08 Officer MINNIS,KAREN L Branch Number 245500 THE CITY OF CARMEL REDEVELOPMENT Current Balance $142,479.78 COMMISSION Payment Due Date 01/01/09 111 W MAIN ST SUITE 140 CARMEL IN 46032 -1905 Amount Due $20,150.00 SUMMARY °Note /Cateaory Cyr Ir +great {L7atunly DesoripUOr Amount Due Balance Rate; Date. 00001 /0 142,479.78 4.250000 07/12/09 Principal Payment 5,978.57 Past Due Principal 11,890.05 Interest To 01/01/09 521.43 Past Due Interest 1,109.95 Late Charges Due 650.00 Total Due On 01/01 /09 $20,150.00 RATE INFORMATION �::Vanable >0;25000�0 YEAR -TO -DATE SUMMARY Interest. Paid: 8;849 92 Escrowlnterest Paid 0:00 Unappli6d Funde, 0 Esctow $alance 0:00 Takes Disbursed.. Q 00 UNPAID BILL INFORMATION Note Payment Payment Pnncipal Interest "Other Escrow Number Due;Date Amount 00001 11/01/08 6,500.00 5,890.71 609.29 0.00 0.00 Please return the bottom portion of the statement with your loan payment. 098 00002006141 00001.610 00000 0002015000 9 THE CITY OF CARMEL REDEVELOPMENT COMMISSION 111 W MAIN ST SUITE 140 CARMEL IN 46032 -1905 098 Account/Note Number 00002006141 -00001 Please remit and make check payable to: Payment Due Date 01/01/09 Amount Due $20,150.00 Additional Prin, Int, Escrow, Fees: M &I MARSHALL ILSLEY BANK Amount Enclosed P 0 BOX 3114 MILWAUKEE WI 53201 -3114 E] Check here for change of address or phone number and indicate changes. Prr,crbed 6y5tate Board of Accounts ACCOUNTS PAYABLE VOUCHER City Form No. 201 (Rev. 1995) 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 L56�� Purchase Order No. Terms Date Due Invoice Invoice Description Amount Date Number (or note attached invoice(s) or bill(s)) 21 11a 9 2-0 l0 22 9 cv,��ivc` Soo ao Total 5 W ,00 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 1'a �Gx 3 /ice %��,1� S3 20/ 3//5� ON ACCOUNT OF APPROPRIATION FOR 7 Board Members PO# or INVOICE NO. ACCT #!TITLE AMOUNT DEPT. I hereby certify that the attached invoice(s), or 902 Zoab�y�_000� 54611822 y Sao' 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 f 13 20os Suture Cost distribution ledger classification if Title claim paid motor vehicle highway fund