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HomeMy WebLinkAboutIndianapolis Stage and Sales - $367,748.30 Disbursement Instructions (PAC Stage Equipment) Regions Bank hereby is instructed to make a disbursement of Loan Proceeds from the Borrower Loan Account to (or for the account of)Borrower in: (a)the amount of the "Total Authorized Disbursement" line in the "Amount of Authorized Disbursement"column below;and (b)accordance with the terms and conditions of the Agreement, the other Loan Documents, and the Disbursement Instructions. • Purpose of Authorized Disbursement Amount of Authorized Disbursement AIA taan+ if paid by Yi)/ e f inonlid� per +4e PAC S,n i ge 2a9m1nf S (Trtdl s14,P) October 24/0 5367 7q9 30 Total Authorized Disbursement LS 36r7Vi3 = ,. All terms used in these Disbursement Instructions without definition shall have the meanings ascribed thereto In that certain Loan Agreement(PAC Stage Equipment),dated January28,2010,by and between Lender and Village Financial, LLC. Dated: /API — CITY OF CARMEL REDEVELOPMENT CO 'ul SION By 111111r Printed L e S ,[S. OW. J . Title. E xe C 4 / 1 Ye P!re ch r Draft PAC Stage Equipment (Indianapolis Stage and Sales) December 2009(application 1) Total Contract Amounts for application 1 Completed and Stored to date $ 45,000.00 Retention held $ 4,500.00 To be paid $ 40,500.00 Paid by Village Financial $ 40,500.00 March 2010 (application 2) Paid by Village Financial $ 70,740.00 August 2010 Paid by Village Financial $ 19,710.00 September 2010 Paid by Village Financial $ 63,900.00 October 2010 Amount to be paid by Village Financial .$ 367,748.30 i 11 :AiA ,® TM Document 6702/CMa - 1992 Application and Certificate for Payment Construction Manager-Adviser Edition & 2 TO`OWNER: PROJECT: APPLICATION NO: 5 Distribution to: Carmel Redevelopment Commission Parcel 7A PERIOD TO - OWNER ❑ October 15, 2010 One Civic Square Regional Performing Arts Center CONSTRUCTION MANAGER ❑ Carmel` IN 46032. FROM CONTRACTOR: . VIA CONSTRUCTION MANAGER: CONTRACT DATE: February 17, 2009 ARCHITECT ❑ Indianapolis Stage Shiel-Sexton Sexton PROJECT NOS: 2695 / 6010 / CONTRACTOR ❑ 905Massachusetts Ave. VIA ARCHITECT: FIELD ❑ Indianapolis, IN 46202 CSO Architects CONTRACT FOR: Rid Parkagp tf fl10-Prnrlurtinn I ighting ❑ CONTRACTOR'S APPLICATION FOR PAYMENT The undersigned Contractor certifies that to the best of the Contractor's knowledge, information and Application is made for payment,as shown below,in connection with the Contract. belief the Work covered by this Application for Payment has been completed in accordance with the Continuation Sheet,AIA Document G703,is attached. Contract Documen that all amounts have been paid b, e Contractor for Work for which previous 818,334.00 Certificates for '. ent were issue' and payn •nt ceived from the Owner, and that current 1.ORIGINAL'•CONTRACT SUM $ payment shown - -.n is now�e. 2. Net change by Change Orders $ -50,300.00 CONTRACTO• a' r- n, / �a . � 7 3.CONTRACT SUM TO DATE(Line +2) $ 768,034.00 By: / EV �� � �■ Date: 4:TOTAL COMPLETED&STORED TO DATE(Column G on G703) $ 601 000.00 State of f':' 1 Js/'N`. 5.RETAINAGE: County of r(10i Is 1.70-N,., KAREN R. O'CONNOR a. 10%of Completed Work Subscribed and sworn to before Nodally of RuNana � 38 401.70 >ttats of (Column D+Eon G703) , $ , me this ,9.7 mod. o ��le !-h b. %of Stored Material Notary Public: ®®�®�j11< S/ , Commission EMIRS �, 2016 (Column F on G703) $ My Commission expires: I as .., Total Retainage(Lines 5a+5b or Total in Column I of G703). $ 38,401.70 CERTIFICATE FOR PAYMENT 6.TOTAL EARNED LESS RETAINAGE $ 562,598.30 In accordance with the Contract Documents, based on on-site observations and the data comprising this application,the Construction Manager and Architect certify to the Owner that to the best of their (Line 4 Less Line 5 Total) knowledge,information and belief the Work has progressed as indicated,the quality of the Work is in 7.LESS PREVIOUS CERTIFICATES FOR PAYMENT $ 194,850.00 accordance with the Contract Documents,and the Contractor is entitled to payment of the AMOUNT (Line 6 from prior Certificate) CERTIFIED. ..`` 8.CURRENT PAYMENT DUE $ 367,748.30 AMOUNT CERTIFIED $ D—[ �c1',— 9:BALANCE TO FINISH,INCLUDING RETAINAGE (Attach explanation if amount certified differs from t •amount applied. Initial all figua-es on this Application and o .the Continuation Sh'.t that• e cha zged to conform with the mount certified.) (Line 3.less Line 6) $ 205 435.70 CON RUCTION ; AG;,:'. BY: ►i. :�,:�� �'�1�► Date: CHANGE ORDER SUMMARY ADDITIONS DEDUCTIONS ARCH! IT Y�i Total changes approved in previous months by Owner $ $ 50,300.00 B . �,l y.'. Date: I!�29 (0 By: Total approved this Month $ $ . This Certificate is not negotiable. The AMOUNT CERTIFIED is payable only to the Contractor TOTALS $ 0.00 $ 50,300.00 named herein: Issuance payment and acceptance of payment are without prejudice to any rights of 300.00 the Owner or Contractor under this Contract. NET CHANGES by Change Order __LS -50 CAUTION:You should sign an original AIA Contract Document,on which this text appears in RED.An original assures that changes will not be obscured. AIA Document G702/CMaTM-1992.Copyright ©1992 by The American Institute of Architects.All rights reserved.WARNING:This Ale Document is protected by U.S.Copyright Law and International Treaties. Unauthorized reproduction or distribution of this Ale Document,or any portion of it,may result in severe civil and criminal penalties,and will be prosecuted to the maximum extent possible under the law. Purchasers are permitted to reproduce ten(10)copies of this document when completed.To report copyright violations of AIA Contract Documents,e-mail The American Institute of Architects'legal counsel,copyright @aia.org. 011114 Document 703TM - 1992 Continuation Sheet AIA Document G702,APPLICATION AND CERTIFICATION FOR PAYMENT, APPLICATION NO: 5 containing Contractor's signed certification is attached. APPLICATION DATE: 10/151/2010 . In tabulations below amounts are stated to the nearest dollar. Use Column Ion Contracts where variable retainage for line items may apply. PERIOD TO 10/15/2010 ARCHITECT'S PROJECT NO 2695/6010 A B C D E F G H I WORK COMPLETED MATERIALS TOTAL VALANCE PRESENTLY COMPLETED RETAINAGE SCHEDULED FROM PREVIOUS % TO ITEM DESCRIPTION OF WORK STORED AND STORED (IF VARIABLE NO. (NOT IN TO DATE VALUE APPLICATION THIS PERIOD (G_C) FINISH RATE) (D+E) D OR E) (D+E+F) (C-G) 1 Mobilization&Submittals 45,000.00 45,000.00 45,000.00 100% - 2 Shipment of back boxes&racks 84,500.00 84,500.00 84,500.00 100% - 3 Shipment of Electronic Components 217,500.00 22,000.00 195,500.00 217,500.00 100%. - 4 Shipment of Fixtures 250,000.00 65,000.00 185,000.00 250,000.0C 100% 5 Installation of light fixtures&equipment 15,000.00 4,000.00 4,000.00 - 27% 11,000.00 6 System energization. 95,000.00 - 95,000.00 7 Training&Completion 6,334.00 - 6,334.00 8 General Allowance 100,000.00 - 100,000.00 9 CAD Allowance 5,000.00 - 5,000.00 i 818,334.00 216,500.00 384,500.00 - 601,000.00 217,334.00 - CAUTION:You should sign an original AIA Contract Document,on which this text appears in RED.An original assures that changes will not be obscured. AIA Document G703TM-1992.Copyright©1963,1965,1966,1967,1970,1978, 1983 and 1992 by The American Institute of Architects.All rights reserved.WARNING:This Ale Document is protected by U.S.Copyright Law and International Treaties.Unauthorized reproduction or distribution of this Ale Document,or any portion of it,may result in severe civil and criminal penalties,and will be prosecuted to the maximum extent possible under the law.Purchasers are permitted to reproduce ten(10)copies of this document when completed.To report copyright violations of AIA Contract Documents,e-mail The American Institute of Architects'legal counsel,copyright @aia.org. CONDITIONAL WAIVER AND RELEASE UPON PROGRESS PAYMENT From: Indianapolis Stage Sales and Rental, Inc. Reference Payment Application # 5 Dated: October 15, 2010 Upon receipt by the undersigned of a check in the amount of $ 367,748.30 payable to Indianapolis Stage Sales and Rental, Inc. and when the check has been properly endorsed and has been paid by the bank on which it is drawn, this document shall become effective to release any mechanic's lien, stop notice, or bond right the undersigned has on the of Carmel Regional Performing Arts Center located at 773 3rd Avenue SW, Carmel, IN 46032 to the following extent. This release covers a progress payment for labor, services, equipment, or material furnished to the above referenced project through [enter date of payment application] only and does not cover any retentions retained before or after the release date; extras furnished before the release date for which payment has not been received; extras or items furnished after the release date. Rights based on work performed or items furnished under a written change order which has been fully executed by the parties prior to the release date are covered by this release unless specifically reserved by the claimant in this release. This release of any mechanic's lien, stop notice, or bond right shall not otherwise affect the contract rights including rights between parties to the contract based upon a rescission, abandonment, or breach of the contract, or the right of the undersigned to recover compensation for the furnished labor, services, equipment, or material not compensated by the progress payment. Before any recipient of this document relies on it, said party should verify evidence of payment to the undersigned. Dated: October 15, 2010 Indianapoli: :ge Sales a f• Rent. I By: -4.1.d" ,, tom... AL1__ ames R. Hermsdorfer Title: President