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HomeMy WebLinkAboutIndianapolis Stage and Sales - $51,834 ., ■ Disbursement Instructions (PAC Stage Equipment) Regions Bank hereby is instructed to make a disbursement of Loan Proceeds from the Borrower Loan Account to(or for the account of)Borrower In: (a)the amount of the°Total Authorized Disbursement" line in the"Amount of Authorized Disbursement"column below;and (b)accordance with the terms and conditions of the Agreement, the other Loan Documents, and the Disbursement Instructions. Purpose of Authorized Disbursement Amount of Authorized Dlsbursomont & nnUin1 ' t k pat. Lj ,i„ot Fintin(i61 .0 AptlicJiuh 7 (I IA1 5A,e) 1te rnitr '2 l S 51,Silt()D Total Authorized Dlsbursomont '" , {$ ' ' All terms used In these.Disbursement Instructions without definition shall have the meanings ascribed thereto In that certain Loan Agreement(PACStage Equipment),dated January 28,2010,by and between Lender and Village Financl , LL . Dated: 3 2fJ l� CITY OF CARMEL REDEVELOP MENT COMMISSION By Printed L es 5. 011c • , Title ( c td- ve vi YP c 4 t 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 Paid by Village Financial $ 367,748.30 November 2010 Paid by Village Financial $ 57,500.00 December 2010 Amount to be paid by Village Financial! $ 51,834.00 mom NO 3 cravAI i DocuméntG702/CMaTM - 1992 6 "2- Application and''Certificate°for Payment Construction':Manager-Adviser Edition TO OWNER: PROJECT: APPLICATION NO 7 Distribution to Carmel Redevelopment Commission Parcel 7A PERIOD TO OWNER ❑ December 15;.2010 One CivicSquare 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 ❑ 905 Massachusetts Ave. • VIA ARCHITECT: FIELD ❑ Indianapolis, IN:46202 CSO Architects CONTRACT FOR: ' 0 Rirl Parkav#Fn1n-Prnrlilrtinn I fighting • 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 Documents,that all amounts have been pa by the Contractor for Work for which previous 818 334.00 Certificates for Payment were i sued and pay '- s received from the Owner, and that current. Y.ORIGINAL CONTRACT SUM $ payment slio�• rein is now d� / 2. Net change by Change Orders $ r4 50;300.00 CONTRAC • - 3.CONTRACT SUM TO DATE(Line 1 ±,2) $ 768,034.00 By: -,_ < „ �� , //� Date: Z Z -/ 1 d 4.TOTAL COMPLETED&STORED TO DATE(Column G on G703) $ 710,334.00 State of n/Igr t .. 5.RETAINAGE. County of rn 6,r f a. 10%of Completed Work BEN R. O'CONOtdOR P Subscribed and worn to before (Column D+Eon G703) $ 38,401.70 me this a/ :.;day of 7CCYJYI•4P-./'r s Notary MAO- SERA) b. .%of Stored Material Notary Public:' ,,,e.60-7.'"'� State o4 Indiana (Column F on G703) $ My Commissio - es: My Commlulon Expires Jan 2t 2016 Total Retainage(Lines 5a+5b or Total in Column I of G703)., $ 38,401.70 CERTIFICATE FOR PAYMENT 6.TOTAL EARNED LESS RETAINAGE $ 671,932.30 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 $ 620,098.30 accordance with the Contract Documents,and the Contractor is entitled to payment of the AMOUNT (Line 6 from prior Certificate) CERTIFIED. �] lee 8.CURRENT PAYMENT DUE $ 51,834.00 AMOUNT CERTIFIED $ S` �3C— 9.BALANCE TO FINISH,INCLUDING RETAINAGE (Attach explanation if amount certified differs fr, ,.he amountapplied.Initial all figures on this Application and lie Continuation eet th :changed"to conform with the amount certified.) (Line 3 less Line 6) $ 96,101.70 CONS ;UCTION +AG —=4 � , 9 to BY: \�r.4�' � Date: ■CHANGE ORDER SUMMARY ADDITIONS DEDUCTIONS ARC •-' T 'v" r K Total changes approved in previous months by Owner $ $ 50,300.00 By I / - Date: L Z`3 I IP 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 NET CHANGES b y Change Ch Order $ -Sn,Rnn-nn the Owner or Contractor under this Contract. _ 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 AIA® Document is protected by U.S.Copyright Law and international Treaties. Unauthorized reproduction or distribution of this AlA® 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. CIA ::ire Document G7 3TM ® 1992 , Continuation Sheet AIA Document G702,APPLICATION AND CERTIFICATION FOR PAYMENT, APPLICATION NO: 7 containing Contractor's signed certification is attached. APPLICATION DATE: 12/15/2010 In tabulations below,amounts are stated to the nearest dollar. Use Column I on.Contracts where variable retainage forline items may apply. PERIOD TO: 12/15/2010 ARCHITECT'S PROJECT NO: 2695/6010 A B C D E F G H I WORK COMPLETED MATERIALS TOTAL BALANCE SCHEDULED FROM PREVIOUS PRESENTLY COMPLETED % TO RETAINAGE ITEM DESCRIPTION OF WORK STORED AND STORED NO. VALUE APPLICATION THIS PERIOD (G_C) FINISH (1F VARIABLE (NOT IN TO DATE 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 217,500.00 217,500.00 217,500.00 100% - 4 Shipment of Fixtures 250,000.00 250,000.00 250,000.00 100% 5 Installation of light fixtures&equipment 15,000.00 14,000.00 1,000.00 15,000.00 100% 6 System energization 95,000.00 47,500.00 47,500.00 95,000.00 100% 7 Training&Completion 6,334.00 3,334.00 3,334.00 53% 3,000.00 8 General Allowance 100,000.00 - 100,000.00 9 CAD Allowance 5,000.00 - 5,000.00 10 Change Order#1 (50,300.00) - (50,300.00) 768,034.00 658,500.00 51,834.00 - 710,334.00 57,700.00 38,401.70 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. I. 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 AIA®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 # 7 Dated: December 15, 2010 Upon receipt by the undersigned of a check in the amount of$ 51,834.00 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: December 15, 2010 Indianapoli tage Sale and Rental, -c. B : y / James R. H-rmsdorfe,� —� Title: President Indianapolis Stage Sales & Ren Check: 20 Date: 3/29/2011 Vendor: INDSTAG1 Prior Invoice P.O. Num. Invoice Amt Balance Retention Discount Amt. Paid 7 62 51,834.00 51,834.00 0.00 0.00 51,834.00 Application 7 51,834.00 51,834.00 0.00 0.00 51,834.00 20 3/29/2011 **********51,834.00 THE SUM OF FIFTY ONE THOUSAND EIGHT HUNDRED THIRTY FOUR DOLLARS AND NO CENTS Indianapolis Stage Sales & Ren Indianapolis Stage Sales & Ren Check: 20 Date: 3/29/2011 Vendor: INDSTAG1 Prior Invoice P.O. Num. Invoice Amt Balance Retention Discount Amt. Paid 7 62 51,834.00 51,834.00 0.00 0.00 51,834.00 Application 7 51,834.00 51,834.00 0.00 0.00 51,834.00