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Home My WebLink AboutDebt RefinanceType Creditor Carmel Redevelopment Commission Debts to be Restructured - Executive Summary Date of Beneficiary or Third Party Other Involved Entities Collateral /Projects CRC Authorization Current Interest Par Amount Maturit Transaction(s) Rate Redemption Date Date 12/30/2008, IPC Regions VFW, Parcel 7C Garage, 1/5/2009, $16,667,601 4.58 1/7/2016 anytime Carmel Lofts, LLC; Carmel Right of Way, elevators, fire 3/19/2009, Lofts Garage, LLC; Carmel protection, interior Res. 2008 -11 5/7/2009, Theater Development Keystone Group, LLC ornamental, millwork, air (10/15/2008) 1/28/2010, Company, LLC handler, acoustical, stage 8/2/2010, equip., lighting, signage 9/30/2010, 2 IPC Regions 9/12/2011 $7,157,434 4.96 1/7/2016 anytime Village Financial PAC equipment (i.e. risers), PAC fixed seating, PAC Res. 2008 -11 8/31/2009, sound equipment (10/15/2008) 5/27/2011 3 IPC Mercantile $9,613,041 4.75 6/1/2016 anytime Components of concert hall Carmel Theater (7A), main stage theater, black box theater, parking Res. 2009 -10 (12/16/2009); 12/1/2009, 1/15/2018 @ 4 COP Oppenheimer Development Company, Wells Fargo (Trustee), CRA garage, parcel 16, 2010 -1 1/20/2010 $37,905,000 7.75 -8 1/15/2035 102% LLC streetscape and (1/20/2010) 1/15/2018 @ 5 COP Oppenheimer improvements $2,510,000 9.25 1/15/2035 102% Parcel 16, limestone, red 2/23/2010, clay tile, cafe equip., 3/7/2010, Carmel Theater REI Real Estate Services, lighting, seating signage, bar 4/18/2010, Development Company, LLC; Pedcor Residential, equip., motorcourt Res. 2009 -10 5/9/11, LLC LLC improvements, kitchen (12/16/2009) 6/7/2011, equip., FF &E, studio & 6/24/2011, Tarkington lighting, gift 7/13/2011, 6 IPC NBI shop, wood flooring, etc. 9/13/2011 $9,860,696 5.3 3/1/2015 anytime Carmel Theater B15, LLC; B1511, LLC; REI (Shapiro's) Building Development Company, LLC Real Estate Services, LLC; First Financial Bank; equipment, kitchen equipment 6/10/2010 7 IPC UFB Shapiro's Carmel, Inc. $2,500,000 4.75 6/30/2015 anytime Total: $153,778,114 7/22/2010, 8/20/2010, 9/22/2010, 10/6/2010, 10/25/2010, FF &E, "hardscape," loose 11/12/2010, seating, wall /vault, PAC 2/1/2011, phone system, box office, 2/11/2011, music equip., green 2/15/2011, Carmel Theater improvements, security 3/4/2011, Development Company, REI Real Estate Services, equip., cafe improvements, Res. 2009 -10 4/20/2011, LLC LLC fountains, signage, (12/16/2009) 6/22/2011, computers, catering equip., 7/15/2011, lifts lighting and rigging, 9/12/2011, Tarkington fixtures, de -icing 10/4/2011, equip., etc. 10/14/2011, 11/11/11, 12/8/2011, 12/12/2011, 4/1/2012, 8 IPC Regions 5/1/2012 $9,928,517 5.24 7/7/2017 anytime 4CDC Res. 2011 -9 11/17/2011 9 LOC Star Financial (11/1/2011) $5,000,000 LIBOR +3.5 12/1/2012 anytime 4CDC Res. 2011 -9 11/8/2011 10 LOC Fowler (11/1/2011) $2,500,000 4.5 /Prime +1 11/8/2012 anytime 4CDC Res. 2011 -9 11/30/2011 11 LOC CIBM /Marine (11/1/2011) $2,500,000 4.5 /Prime +1 11/30/2012 anytime 4CDC Res. 2010 -15 11/18/2010 12 LOC Mercantile (11/17/2010) $2,500,000 4.5 /LIBOR +3.75 1/1/2013 anytime 4CDC Res. 2011 -9 2/17/2012 13 LOC BMO Harris (11/1/2011) $2,500,000 LIBOR +2.75 2/1/2013 anytime (SEP lease 7/13/2009); Periculum Capital (Civic Agt., Company; Booth Leases of companies in the Res. 2009 -10 11/17/2009); 4CDC Tarkington Civic Theater, Office Building and Theater Facilities Agreement (12/16/2009) ( Periculum LLC; SEP, Inc. lease 8/23, 2011); 14 Grant BMO Harris 9/30/2011 $12,500,000 4.35 7/15/2033 anytime Parking revenue; (Veteran's 4CDC Way extension and City Res. 2010 -17 12/28/2010 building retrofitting) (12/15/2010) 15 Grant Lake City $8,000,000 5 /LIBOR +1 12/31/2012 anytime 1212 S. Rangeline Prop., Zahners as TIC with CRC 1212 S. Rangeline Rd. 9/10/2009 16 LPC Community LLC ( Zahner) $3,038,990 n/a 9/10/2012 n/a Pedcor Funding Corp.; Village on the Green, LLC; Carmel City Center, LLC; Phase 1 parking facilities; Village Financial Village Housing Corp.; Phase 4; Parcels 2, 4, 11, Res. 2011 -8 12/7/2011 Pedcor Residential, LLC; and 12 (11/1/2011) Pedcor Office, LLC; Indiana Design Center, LLC 17 IPC BMO Harris $17,000,000 3.04 12/11/2018 anytime 18 LPC 251, LLC (Harrills) 251, LLC 251 and 261 2nd St. SW 2/17/2010 $494,490 n/a n/a n/a 19 LPC BobbyJohn, LLC BobbyJohn, LLC 457 3rd Ave. SW 3/2/2011 $1,286,436 n/a n/a n/a 20 LPC Old Town Prop., LLC Old Town Prop., LLC Chaos 11/10/2009 $315,909 n/a n/a n/a Total: $153,778,114