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HomeMy WebLinkAboutBunting Graphics - $58,942.80 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 Amount to be paid by Carmel Theater Development Company as per the PAC Signage installment purchase contract Application 3(Bunting Graphics) March 2011 $ 58,942.80 Total Authorized Disbursement $ 58,942.80 All terms used in these Disbursement Instructions without definition shall have the meanings ascribed thereto in that certain Loan Agreement (Equipment and Improvements), dated July 22, 2010, by and between Regions Bank and Carmel Theater Development Company, LLC. Dated: 7/ // CITY OF CARMEL REDEVELOPMENT COMMISSION By: Les S. Olds Printed: Executive Director Title: It is acknowledged and agreed by the parties that CRC has reserved the right to require, as a condition of authorizing disbursement of Loan Proceeds from the Borrower Loan Account to (or for the account of) Borrower: (a) completion of a satisfactory inspection by CRC of the portions of the Equipment and/or the Improvements to which the disbursement relates; and (b) receipt of customary submittals. Draft PAC Signage (Bunting Graphics) December 2010 (application 1) Paid by the Carmel Theater Development Company $ 121,933.35 January 2011 (application 2) Paid by the Carmel Theater Development Company $ 76,496.85 March 2011 (application 3) Amount to be paid by the Carmel Theater Development Company $ 58,942.80 • APPLICATION AND CERTIFICATION FOR PAYMENT AIA DOCUMENT G702 PAGE ONE OF 1 PAGES TO: CSO Architects PROJECT: The Palladium at the APPLICATION NO: 03 Distribution to: 280 East 96th Street,Suite 100 Center for Performing Arts OWNER Indianapolis,IN 46240 ARCHITECT Attn:Brandon Bogan PERIOD TO: 03/31/11 CONTRACTOR FROM CONTRACTOR: VIA ARCHITECT: Bunting Graphics,Inc. 20 River Road,Verona,PA 15147 PROJECT NOS: 66780 CONTRACT FOR: CONTRACT DATE: 09/22/10 CONTRACTOR'S APPLICATION FOR PAYMENT The undersigned Contractor certifies that to the best of the Contractor's knowledge, Application is made for payment,as shown below,in connection with the Contract. information and belief the Work covered by this Application for Payment has been Continuation Sheet,AIA Document 0703,is attached. completed in accordance with the Contract Documents,that all amounts have been paid by the Contractor for Work for which previous Certificates for Payment were issued and payments received from the Owner,and that jj, t herein is now due. 1, ORIGINAL CONTRACT SUM $ 454,080.00 t Seal t 2. Net change by Change Orders $ CONTRA w i�R: amd,Agnew County 4 3. CONTRACT SUM TO DATE(Line 1 f 2) $ 454,080.00 4. TOTAL COMPLETED&STORED TO $ " `-•'''n `'7: Nis DATE (Column G on G703) By: . ' i/ ' Date:03/25/11 5. RETAINAGE: Richard _r i = C.F.O. a. 10 %of Completed Work : 22,555 State oF Pennsylvania County of: Allegheny (Column D+Eon 0703) Subscribed and sw to before me this 25 day of March,2011 b. 10 %of Stored Material I -87495 Notary Public: - /e. • (Column F on 0703) My Commission expir June 20,2014 Total Retainage(Lines 5a+5b or Total in Column I of 0703) $ -11-,050:08 ARCHITECT'S CERTIFICATE FOR PAYMENT 6. TOTAL EARNED LESS RETAINAGE .t. $ -479,45440 In accordance with the Contract Documents,based on on-site observations and the data (Line 4 Less Line S Total) comprising the application,the Architect certifies to the Owner that to the best of the 7. LESS PREVIOUS CERTIFICATES FOR -41,7> Architect's knowledge,information and belief the Work has progressed as indicated, PAYMENT(Line 6 from prior Certificate) $ -498;410:20 the quality of the Work is in accordance with the Contract Documents,and the Contractor 8. CURRENT PAYMENT DUE $ •—•6+8Y9:89 is entitled to payment of the AMOUNT CERTIFIED. 9. BALANCE TO FINISH,INCLUDING RETAINAGE $ 914;630.96 rQ a i (Line 3 less Line 6) AMOUNT CERTIFIED $ D t CHANGE ORDER SUMMARY - ADDITIONS 1?EDUCTIO?S_ (Attach explanation if amount certified dl,(fers from the amount applied.Initial all figures on this Total changes approved Application and onthe Continuation Sheet that are changed to conform with the amount certified.) in previous months by Owner ARCHITECT: 1 ' Total approved this Month By: _diedAllt.. Date: ' Z.2-.11 1 TOTALS $0.00 $0.00 This Certifi e is n• n : 'able. Th AMOUNT CERTIFIED is payable only to the Contracto a • erei t.!ssuan ayment and acceptance of payment are without NET CHANGES by Change Order $0.00 prejudice e. any rights. t" e• er or Contractor under this Contract. AIA DOCUMENT WOE-APPLICATION AND CERTIFICATION FOR PAYMENT•1992 EDITION•NA.01992 THE AMERICAN INSTITUTE OF ARCHITECTS,1735 NEW YORK AVE,N.W.,WASHINGTON,DC 200084292 Users may obtain validation of this document by requesting a completed AIA Document D401 -Certification of Document's Authenticity from the Licensee. CONTINUATION,.SHEET AIA DOCUMENT G703 AIA Document G702,APPLICATION AND.CERTIFICATION FOR PAYMENT,containing APPLICATION NO: 03 Contractor's signed certification is attached. APPLICATION DATE: 03/25/13. In tabulations below,amounts are stated to the nearest dollar. PERIOD TO: 03/31/11 Use Column 1 on Contracts where variable retainage for line items may apply. ARCHITECTS PROJECT NO: 66780 A B C D I E F G H I ITEM DESCRIPTION OF WORK SCHEDULED WORK.COMPLETED MATERIALS TOTAL - % BALANCE RETAINAGI NO. VALUE FROM PREVIOUS THIS PERIOD PRESENTLY COMPLETED (G C) TO FINISH (IF VARIABl APPLICATION STORED AND STORED (C-G) RATE) (D+E) (NOT IN TO DATE D OR E) D+E+F) l General Conditions(Sep.-Dec.2010) $158,928.00 $158,928.00 $0.00 $0.00 $158,928.00 100% $0.00 $15,892. 2 Submittals $14,758.00 $14,758.00 $0.00 $0.00 $14,758.00 100% $0.00 $1,475. 3 Alt#I Sign Type A Wall&Letters $31,229.00 $0.00 $0.00 $12,492.00 $12,492.00 40% $18,737.00 $1,249.. 4 Alt#2 Sign Type B $8,255.00 $0.00 $0.00 $4,953.00 $4,953.00 60% $3,302.00 $495. 5 Sign Type C Fabrication $3,369.00 $0.00 $0.00 52,021.00 $2,021.00 60% $1,348.00 $202. 6 Sign Type C Installation $1,925.00 $0.00 $0.00 $0.00 $0.00 0% $1,925.00 $0., 7 Alt#3 Sign Type D $1,216.00 $0.00 $0.00 $486.00 $486.00 40% $730.00 $48. 8 Alt#4 Sign Type E $9,155.00 $0.00 $0.00 $4.578.00 $4,578.00 50% $4,577.00 $457. 9 Sign Type F Fabrication $17,570.00 $0.00 $0.00 $0.00 $0.00 0% $17,570.00 $0■ 10 Sign Type F Installation $7,796.00 $0.00 $0.00 $0.00 $0.00 0% $7,796.00 $0: 11 Sign Type G Fabrication $1,146.00 $1,146.00 $0.00 $0.00 $1,146.00 100% $0.00 $114. 12 Sign Type G installation $91.00 $91.00 $0.00 $0.00 $91.00 100% $0.00 $9. 13 Sign Type J Fabrication $2,437.00 $2,437.00 $0.00 $0.00 $2,437.00 100% 50.00 $243. 14 Sign Type J Installation 51,997.00 51,997.00 50.00 $0.00 $1,997.00 100% $0.00 $199. 15 Sign Type K Fabrication $884.00 . $884.00 $0.00 $0.00 $884.00 100% $0.00 $88. 16 Sign Type K Installation $128.00 $128.00 $0.00 $0.00 $128.00 100% $0.00 $12. 17 Sign Type L Fabrication $1,419.00 $0.00 $1,419.00 $0.00 $1,419.00 100% $141. 18 Sign Type L Installation $97.00 $0.00 $97.00 $0.00 $97.00 100% $9. 19 Sign Type H Fabrication $162.00 $0.00 $0.00 $0.00 50.00 0% $162.00 $0. 20 Sign Type H Installation $989.00 $0.00 $0.00 $0.00 50.00 0% $989.00 $0. 21 Sign Type AA Fabrication $508.00 $0.00 $508.00 $0.00 $508.00 100% $50. 22 Sign Type AA Installation $6l4.00 $0.00 $614.00 $0.00 $614.00 100% $61. 23 Sign Type BB Fabrication $2,418.00 $2,418.00 $0.00 $0.00 $2,418.00 100% $0.00 $241. 24.Sign Type BB Installation $693.00 $693.00 $0.00 $0.00 $693.00 100% $0.00 $69. 25 Sign Type`CC Fabrication $210.00 $0.00 $180.00 $0.00 $180.00 86% $30.00 $18. 26 Sign Type CC Installation $189.00 $0.00 $150.00 $0.00 $150.00 79% $39.00 $15. 27 Sign Type DD Fabrication $883.00 $0.00 $0.00 $0.00 $0.00 0% $883.00 $0. 28 Sign Type DD Installation $189.00 $0.00 $0.00 $0.00 $0.00 0% $189.00 $0. 29 Sign Type EE Fabrication $1.363.00 $0.00 $0.00 $0.00 $0.00 0% $1,363.00 $0. 30 Sign Type EE Installation $199.00 $0.00 $0.00 $0.00 $0.00 0% $199.00 $0. 31 Sign Type FF'Fabrication $1,229.00 $0.00 $0.00 $492.00 $492.00 40% $737.00 $49. 32 Sign Type FF Installation $370.00 80.00 $0.00 $0.00 $0.00 0% $370.00 SO. ASA DOCUMENT G703•CONTINUATION SHEET FOR 0702.1992 EOITtON•AIA•©1992 THE AMERICAN INSTITUTE OF ARCHITECTS.1735 NEW YORK AVENUE,N.W.WASHINGTON,D.C. 20006.5232 G703-1992 CONTINUATION SHEET AIA DOCUMENT G703 AIA Document 0702,APPLICATION AND CERTIFICATION FOR PAYMENT,containing APPLICATION NO: 03 Contractor's signed certification is attached. APPLICATION DATE: 03/25/11 In tabulations below,amounts are stated to the nearest dollar. PERIOD TO: 03/31/11 Use Column 1 on Contracts where variable retainage for line items may apply. ARCHITECT'S PROJECT NO: 66780 A B C D E F G H t ITEM` DESCRIPTION OF WORK SCHEDULED WORK COMPLETED MATERIALS TOTAL % BALANCE RETAINAC NO. VALUE FROM PREVIOUS THIS PERIOD PRESENTLY COMPLETED (G+C) TO FINISH (IF VARIAB APPLICATION STORED AND STORED (C-0) RATE) (D+E) (NOT IN TO DATE D OR E) (D+E+F) 33 Sign Type HH Fabrication $15,199.00 $15;199.00 $0.00 $0.00 $15,199.00 100010 $0.00 $1,519 34 Sign Type HH.lnstallation $14,664.00 $14,664.00 $0.00 50.00 $14,664.00 100% $0:00 $1,466 35 Sign TypeJJ.Fabrication $16,710.00 $0.00 $0.00 $10,026.00 $10,026.00 60% $6,684.00 $1,002 36 Sign Type JJ Installation $2,514.00 $0.00 $0.00 $0.00 $0.00 0% $2,514.00 $0 37 Sign Type KK Fabrication $17,531.00 $0:00 $0.00 $10,519.00 $10,519.00 60% $7,012.00 $1,051 38 Sign Type KK Installation $3,608.00 $0.00 $0.00 $0.00 $0.00 0% $3,608.00 SO 39 Sign Type LL Fabrication $4,532.00 $0.00 $0.00 $2,719.00 $2,719.00 60% $1,813.00 $271 40 Sign Type LL Installation $682.00 $0.00 $0.00 $0.00 50.00 0% $682.00 SO 41 Sign Type MM Fabrication $2,512.00 $0.00 $0.00 $1.256.00 $1,256.00 50% $1,256.00 $125 42 Sign Type MM Installation $620.00 $0.00 $0.00 $0.00 $0.00 0% $620.00 SO 43 Sign Type NN Fabrication $16,009.00 $0.00 $0.00 $8,005.00 $8,005.00 50% 58,004.00 $800 44 Sign Type NN Installation $3,676.00 $0.00 $0.00 $0.00 $0.00 0% $3,676.00 SO 45 Sign Type 00 Fabrication $5,259.00 $0.00 $0.00 $5,259.00 55,259.00 100% $525 46 Sign Type 00 Installation $976.00 $0.00 $0.00 $0.00 $0.00 0% $976.00 $0 47 Sign Type PP Fabrication 53,999.00 50.00 $0.00 $3,999.00 $3,999.00 100% 5399 48 Sign Type PP Installation $381.00 $0.00 $0.00 $0.00 $0.00 0% $381.00 $0 49 Sign Type QQ Fabrication $1,752.00 $0.00 $0.00 $0.00 50.00 0% $1,752.00 $0 50 Sign Type QQ Installation $29.00 $0.00 $0.00 $0.00 50.00 0% $29.00 $0 51 Sign Type RR&SS Fabrication $3,805.00 $0.00 $0.00 £2,664.00 $2,664.00 70% $1,141.00 $266 52 Sign Type RR&SS Installation $1,541.00 $0.00 $0.00 $0.00 $0.00 0% $1,541.00 $0 53 Sign Type TT Fabrication 52,339.00 $0.00 52,105.00 $0.00 $2,105.00 90% $234.00 $210 54 Sign Type 11'Installation $369.00 50.00 $0.00 $0.00 $0.00 0% $369.00 $0 55 Alt#.5 Cast Mounting Brackets $14,093.00 $0.00 $0.00 $14,093.00 514,093.00 100% 51,409 56 Sign Type AAA Fabrication $731.00 $731.00 $0.00 $0.00 $731.00 100% $0.00 $73 57 Sign Type AAA Installation $126.00 $126.00 $0.00 $0.00 $126.00 100% $0.00 $12 58 Sign Type BBB Fabrication $2,413.00 $2,413.00 $0.00 $0.00 $2,413.00 100% 50.00 $241 59 Sign Type BBB Installation $984.00 $984.00 $0.00 $0.00 $984.00 100% $0.00 $98 60 Sign Type BBS-2 Fabrication $300.00 $300.00 $0.00 $0.00 $300.00 l00% $0.00 $30 61 Sign Type BBB-2 Installation $65.00 $65.00 $0.00 $0.00 $65.00 100% $0.00 $6 62 Sign Type CCC Fabrication $966.00 $966.00 $0.00 $0.00 5966.00 100% $0.00 $96 63 Sign Type CCC Installation $419.00 $419.00 $0.00 $0.00 $419.00 100% $0.00 $41 64 Sign Type DDD Fabrication $477.00 S477.00 $0.00 $0.00 $477.00 100% $0.00 $47 65 Sign Type DDD Installation $195.00 $195.00 $0.00 $0.00 $195.00 100% $0.00 $19 66 Sign Type FFF Fabrication $212.00 $212.00 $0.00 $0.00 $212.00 100% $0.00 $21 67 Sign Type FFF Installation $86.00 $86.00 50.00 $0.00 $86.00 100% $0.00 - $8 AIA DOCUMENT G703•CONTINUATION SHEET FOR G702.1992 EDITION•AIA•01992 THE AMERICAN INSTITUTE OF ARCHITECTS,1735 NEW YORK AVENUE.N.W.WASHINGTON.D.C. 20008-5232 G703-1992 CONTINUATION SHEET AIA DOCUMENT G703 AIA Document 0702,APPLICATION AND CERTIFICATION FOR PAYMENT,containing APPLICATION NO: 03 Contractor's signal certification is attached. APPLICATION DATE: 03/25/11 In tabulations below,amounts are stated to the nearest dollar. PERIOD TO: 0 3/31/11 Use Column I on Contracts where variable retainage for line items may apply. ARCHITECT'S PROJECT NO: 66780 A B C D I E F G H 1 ITEM DESCRIPTION OF WORK SCHEDULED WORK COMPLETED MATERIALS TOTAL % BALANCE RETAINAC NO. VALUE ' FROM PREVIOUS THIS PERIOD PRESENTLY COMPLETED (G+C) TO FINISH (IF VARIAN APPLICATION STORED AND STORED (C-G) RATE) (D+E) (NOT IN TO DATE D OR E) (D+E+FL 68 Sign Type HHH Fabrication $118.00 $118.00 50.00 50.00 $118.00 100% $0.00 511 69 Sign Type HHH Installation $43.00 $43.00 $0.00 $0.00 $43.00 100% $0.00 $4 70 Sign Type JJJ Fabrication $206.00 $0.00 50.00 $0.00 50.00 0% 5206.00 $0 71 Sign Type III Installation $365.00 $0.00 $0.00 $0.00 $0.00 0% 5365.00 S0 72 Sign Type MMM Fabrication $2,312.00 $0.00 $0.00 $1,387.00 $1,387.00 60% $925.00 $138 73 Sign Type MMM Installation $492.00 50.00 50.00 50.00 $0.00 0% $492.00 SC 74 Sign'Type NNN Fabrication $256.00 $0.00 $0.00 $0.00 $0.00 0% $256.00 $0 75 Sign Type NNN Installation $101.00 $0.00 $0.00 50.00 50.00 0% 5101.00 50 76 Allowance General $18,998.50 $0.00 $0.00 $0.00 $0.00 0% $18,998.50 $0 77 Allowance Lime Stone Engraving 518,998.50 50.00 $0.00 $0.00 $0.00 0% $18,998.50 SO GRAND TOTALS $454,080.00 $220,478.00 $5,073.00 $84,949.00 $310,500.00 68% $143,580.00 $31,050. Users may obtain validation of this document by requesting of the license a completed AIA Document D401-Certification of Document's Authenticity AIA DOCUMENT G703•CONTINUATION SHEET FOR 0702•1992 EDITION•AIA•01992 THE AMERICAN INSTITUTE OF ARCHITECTS,1735 NEW YORK AVENUE,N.W.WASHINGTON,D,C. 200065232 G703-1992 8) CSO Architects Memorandum TO: Les Olds FROM: Brandon Bogan DATE: 07/22/11 RE: Bunting Graphics Pay Application#003 We have reviewed the pay application and have certified it for payment. However,we have had to adjust the numbers based upon the fact that no exterior signs have arrived on site and to date there has been no proof that anything has been completed. Once they are able to be inspected,we will recommend approval of funds for them. The following items have been removed from the pay application: 3—Alt#1 Sign Type A Wall and Letters $12,492.00 4—Alt#2 Sign Type B $ 4,953.00 5—Sign Type C Fabrication $ 2,021.00 7—Alt#3 Sign Type D $ 486.00 8—Alt#4 Sign Type E $ 4.578.00 $24,530.00 Adjustments to the Application for Payment: 1. Original Contract Sum $454,080.00 2. Net change by Change Orders $ 0.00 3. Contract Sum to Date $454,080.00 4. Total Completed&Stored to Date $285,970.00 (Reduced by$24,530.00) 5. Retainage $ 28,597.00 (Reduced by$ 2,453.00) 6. Total Earned Less Retainage $257,373.00 (Reduced by$22,077.00) 7. Less Previous Certificates for Payment $198,430.20 8. Current Payment Due $ 58,942.80 (Reduced by$22,077.00) 9. Balance to Finish $196,707.00 (Increased by$24,530.00) Document2 Page 1 of 1 ARCHITECTURE•INTERIOR DESIGN 8831 Keystone Crossing- Indianapolis, IN 46240 • Main 317.848.7800-Fax 317.574.0957 • csoinc.net