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HomeMy WebLinkAboutGibraltar - $6,015.20 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 PAC Retaining WallNault Cladding installment purchase contract Application 5(Gibraltar) February 2011 $ 6,015.20 Total Authorized Disbursement $ fi 04520 ,; " • • 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: 3/147/ CITY OF CARMEL REDEVELOPMENT r 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 Retaining Wall/Vault Cladding (Gibraltar) September 2010 (application 1) Paid by the Carmel Theater Development Company $ 87,345.00 November 2010 (application 2) Paid by the Carmel Theater Development Company $ 130,966.20 December 2010 (application 3) Paid by the Carmel Theater Development Company $ 9,252.00 January 2011 (application 4) Paid by the Carmel Theater Development Company $ 30,821.80 February 2011 (application 5) Amount to be paid by the Carmel Theater Development Company. $ , 6,015.20 0.... _ 4-11. ° " `` Document G7 21C a" - 1 g( .m.o 1992 Application and Certificate for Payment Construction Manager-Adviser Edition TO OWNER: Carmel Redevelopment Commission PROJECT: Parcel7A,Regional Performing Arts Cente P. ATION NO: 5 Distribution to: One Civic Square PERIOD TO: 2/17/11 OWNER ❑ Carmel,IN 46032 CONSTRUCTION MANAGER ❑ FROM CONTRACTOR: Gibraltar Construction Corp VIA CONSTRUCTION MANAGER: CONTRACT DATE:4/13/10 ARCHITECT ❑ 2932 N.Webster Ave. PROJECT NOS: / / CONTRACTOR ❑ Indianapolis,IN 46219 VIA ARCHITECT: FIELD ❑ CONTRACT FOR: Masonry Cladding Pkg P11 CSO Architects,Inc. 0 CONTRACTOR'S APPLICATION FOR PAYMENT The undersigned Contractor certifiel 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 thi Ap 1 ication for Payment has been completed in accordance with the Continuation Sheet,AIA Document G703,is attached. Contract Documents, that all + ou Is have been paid by the Contractor for Work for which previous Certificates for Payment we l iss i ed and payments received from the Owner, and that current 1.ORIGINAL CONTRACT SUM $ 335,000.00 payment shown herein is no 'ii ue. 2.Net change by Change Orders $ 9,602.00 CONTRACTOR: Gibraltar ' r ction Corp 3.CONTRACT SUM TO DATE(Line-1 ±2) $ 344,602.00 By:4.TOTAL COMPLETED&STORED TO DATE(Column G on G703) $ 278,316.00 St.te of 479 �R :-s, BRIAN� l 5.RETAINAGE: _�- 1� p� ,I =� �{^ BRIAN R. MCBRIDE County of: ,,,�,%�/� _ rt6�. ui /1�rd >a Hancock County a. %of Completed Work Subscribed and swop' . be //��� _' "7 10 My Comm. Exp. 11.29-2017 13,915.80 �f/ y �� _yw4ti .� _ N (Column D+Eon G703) $ me this •� of i ��� CCr`?mjggjOn # 611862 b. %of Stored Material Notary P /' (Column F on G703) $ My Commission expires: /1.�`1 Total Retainage(Lines 5a+5b or Total in Column I of G703). $ . CERTIFICATE FOR PAYMENT 6.TOTAL EARNED LESS RETAINAGE 264,400.20 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 $ 258,385.00 accordance with the Contract Documents,and the Contractor is entitled to payment of the AMOUNT (Line 6 from prior Certificate) CERTIFIED. 1 C 8.CURRENT PAYMENT DUE $ 6,015.20 AMOUNT CERTIFIED $ Cp e 1 J ` " 9.BALANCE TO FINISH,INCLUDING RETAINAGE (Attach explanation if amount certified differs from e 'mount applied. Initial all figures on this 80,201.80 Application and on r Continuation Sh••t that .re ch nged to conform with the amount certified.) (Line 3 less Line 6) $ CONST' CTION M.!G By: -- ,�.:.. : 'Ay' ..� O. Date: DZ. !� Il ADDITIONS DEDUCTIONS ARCHI C - . +- CHANGE ORDER SUMMARY .1, r■ i cts Inc Total changes approved in previous months by Owner $ $ By: d_ a ,: m Date: 2)9)11 Total approved this Month $ $ This Certificate is not negotiable. The AMOUNT CERTIFIED is payable only to the Contractor TOTALS $ $ named herein. Issuance,payment and acceptance of payment are without prejudice to any rights of NET CHANGES by Change Order $ the Owner or Contractor under this Contract. nG 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'r AIA Document G702/CMaTM-1992.Copyright ©1992 by The American Institute of Architects.All rights reserved.WARNING:This AlA' Document is protected by U.S.Copyright Law and International Treaties. Unauthorized reproduction or distribution of this AIA'° 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,coovrioht(©aia.ora. CONTINUATION SHEET Page 2 of 2 . APPLICATION NO. : 5 APPLICATION AND CERTIFICATE FOR PAYMENT,containing Contractor's signed Certification, is APPLICATION DATE: 2/17/2011 attached. In tabulations below,amounts are stated to the nearest dollar. Use Column I on Contracts where PERIOD TO: 2/17/2011 variable retainage for line items may apply. ARCHITECT'S PROJECT NO. : A B C D I E F G H I WORK COMPLETED MATERIALS TOTAL ITEM FROM PREVIOUS PRESENTLY COMPLETED AND % BALANCE TO RETAINAGE NO. DESCRIPTION OF WORK SCHEDULED VALUE APPLICATION THIS PERIOD STORED(NOT IN STORED TO DATE (G/C) FINISH (IF VARIABLE (D+E) D OR E) (D+E+F) (C-G) RATE) 1 General Allowance $25,000.00 $3,918.00 $4,796.00 $8,714.00 35% 16,286.00 435.70 2 Additional Scope Allow. $50,000.00 $0.00 $0.00 0% 50,000.00 - 3 Supervision $2,300.00 $2,277.00 $23.00 $2,300.00 100% - 115.00 4 Bonds $3,800.00 $3,800.00 $3,800.00 100% - 190.00 5 Submittals $8,500.00 $8,500.00 $8,500.00 100% - 425.00 6 Misc. General Conditions $1,200.00 $1,188.00 $12.00 $1,200.00 100% - 60.00 7 Rebar Material $1,500.00 $1,500.00 $1,500.00 100% - 75.00 8 Concrete Wall $15,000.00 $15,000.00 $15,000.00 100% - 750.00 9 Masonry and Limestone $150,000.00 $150,000.00 $150,000.00 100% - 7,500.00 10 Ornamental Railings and Gates $65,000.00 $65,000.00 $65,000.00 100% - 3,250.00 11 Painting $1,600.00 $1,600.00 $1,600.00 100% - 80.00 12 Waterproofing $1,500.00 $1,500.00 $1,500.00 100% - 75.00 13 Joint Sealants $1,500.00 $0.00 $1,500.00 $1,500.00 100% - 75.00 14 Earthwork $8,100.00 $8,100.00 $8,100.00 100% - 405.00 _ 15 Change Order#1 - $9,602.00 $9;602.00 _. _ - - - - -�- - $9,602.00, 100% - 480.10 $344,602.00 $271,985.00 $6,331.00 $0.00 $278,316.00 81% $66,286.00 $13,915.80 ISA Form#1-402 AFFIDAVIT AND WAIVER OF LIEN ❑ FINAL ® PARTIAL ® PAYMENT TO FOLLOW State of Indiana, County of Marion, SS Michael Smith being duly sworn state that he is the President of Gibraltar Construction Corp having contracted with the Owner to furnish certain materials and/or labor for a project known as Parcel 7A, Regional Performing Arts Center, Masonry Cladding Package P11 and owned by Village Financial, LLC. and does hereby further state on behalf of the aforementioned contractor: (PARTIAL WAIVER)that there is due from the Owner the sum of Six Thousand Fifteen and 20/100 Dollars ($6,015.20) ❑ receipt of which is hereby acknowledged; or ® the payment of which has been promised as the sole consideration of this Affidavit and Partial Waiver of Lien which is given solely with respect to said amount, and which waiver shall be effective only upon receipt of payment thereof by the undersigned; (FINAL WAIVER)that the final balance due from the Owner is the sum of Dollars ( ) ❑ receipt of which is hereby acknowledged; or ❑ the payment of which has been promised asthe sole consideration for this Affidavit and Final Waiver • of Lien which shall become effective upon r-. -ipt of such payment. THERFORE, the undersigned waives and releases unto t Owner of said premises, any and all lien or claim whatsoever on the above-described property and improvements there. account of LABOR or material or both,furnished by the undersigned thereto, subject to limitations of conditions i ,• essed herein, if any; and further certifies that no other party has any claim or right to a lien on account of any work i: rmed or material furnished to the undersigned for said project, and within the scope of this affidavit and waiver. Gibraltar Construction Corp By // A Title President 1,ifi WITNESS MY HAND AND NOTORIAL SEAL. fr. 2 st ••,y of February, 2011. ' 4111111111111P (Notary Public BRIAN R. M BRIDE 'Ir It to. 4`� Res, c� Hancock County 0 1979 ,NDIANa SU8CO.•TRACTOPS ASSOCIATION INCORPORATED My Comm. Exp. 11-29-2017 <Jn,4,nog•ted bpt6dYI�FOFF{FfrlhFl t*d N Commission # 611862 1r,° Check:. 59 Show: Current Register To: 59 1 Checking Account: 1061141 Check Register Page 1 Carmel Redevelopment Comm 513111109:35 5/31/201 1 Company:LO Payable/ Workers Check Check Date Vendor Number and Name Voucher Invoice Payroll Retention Cash Discount Comp. 59 3/22/2011 GIBR1 Gibraltar Construction Corp 9444 5-2 19,872.00 0.00 -19,872.00 0.00 0.00 G/L Mar,2011 2932 N.Webster Ave. 9466 3-5 6,015.20 0.00 -6,015.20 0.00 0.00 Indianapolis,IN 46219 10086 4-5 28,496.70 0.00 -28,496.70 0.00 0.00 54,383.90 0.00 -54,383.90 0.00 0.00 54,383.90 0.00 -54,383.90 0.00 0.00