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HomeMy WebLinkAboutGibraltar - $2,600 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 Retaining WallNault Cladding installment purchase contract Application 7(Gibraltar) June 2011 $ 2,600.00 • Total Authorized Disbursement $ 2,600.00 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/z S CITY OF CARMEL REDEVELOPMENT COMMISSION By: 411110PP_ � 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) Paid by the Carmel Theater Development Company $ 6,015.20 April 2011 (application 6) Paid by the Carmel Theater Development Company $ 6,957.90 June 2011 (application 7) Amount to be paid by the Carmel Theater Development Company $ 2,600.00 •s'�__.. ITA Docu en -6702/CMa'''' .'1• 19921 _ e4o,a , Application and Certificate for P4ilitielit,'Construction Manager Adviser Edition•'s TO OWNER CarmO'fi eievelopment Commission ]PROJECT ' Parcel7A,Regional Performing Arts Cen.te ATION`NOt 7 Distribution to:, One CivicSquare PERIOD°T0: 6/30/11 OWNER •Carmel,IN 46032 .. • CONSTRUCTION MANAGER' 0', • FROM"CONTRACTOR: Gibraltar Construction CorpVIA CONSTRUCTION`MANAGER: _ •CONTRACT BATE:;4/13/10 ARCHITECT ❑ 2932 N:WebsterAve PROJECT NOS: • I I CONTRACT:OR..0., Indianapolis,IN 46219 VIA ARGHITEC.T` FIELD D . CSO Architects,Inc. M . asonry Cladding Pkg P11 :. -.. :. CONTRACTFOR�;.. ; _ ,.. � . CONTRACTOR'S APPLICATION FOR PAYMENT The undersigned Contractor cer:ifie. hat 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 ication for Payment has been completed in accordance with the Contract Documents,that all a.=ou 'have been paid by the Contractor for Work for which previous Continuation Sheet,AIA Document 6703,is attached. • Certificates for Payment weer is t ed and payments.,received'from the Owner, and that current 335,000.00 1,ORIGINAL CONTRACT SUM $ payment shown 1nerein is no;liii . 9,602.00 Gibraltar. ! t 1 •r ction Corp• 2:•Net change by Change Orders $ CONTRACTOR: /` . 344,602.00 l 3.CONTRACT SUM TO DATE(Line 1'±2) $ By /IA.. Date: ����/l/. 280,916.00 9: . . 4.TOTAL COMPLETED&STORED TO DATE(Column'G on G703) ' $ 2 State of::� �J AI i . BRIAN R. MCBRIDE 5.RETAINAGE County of: i �� o�t�v'F✓`°U j a. %of Completed Work - 6,957.90 Subscribed and l tabef * * Res, of Hancock County•Nir :(Coluiiin D+E`on 6703)• $: . . . me this i day or v - l �?ll My Comm. Exp, 11=29-2017 • G703 $i y C ubhc .r;I PN # 611 862 " ored Materiah Notary P, Commission (Column F on ) .. . . . . M oininrssio xpiresl/�� ,� Total Retamage(Lines 5a+',5b or Total=in Column I/of 0703) $ , CERTIFICATE FO , ,PAYMENT . .= t '' 'r ° 273;958',10. ' 'Intiaccordance.with the Contract''Do`cuments, based on on=site.observations'and the.data comprising : 6:TOTAL EARNED',LESS RETAINAGE'.,': $ this;application 'tfie;Constiuctton 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 271,358,10” accordance with`'the Contract Documents,and the Contractor is entitled to:payment Of the AMOUNT 7.LESS PREVIOUS CERTIFICATES FORPAYMENT s 8:CURRENT PAYMENT DUErtificate $ AERTIFIED ( p ) ,. , .ter "" - - .. 2,609.00.• MOUNT CERTIFIED- $ _ . �t`"r 'INA ° Attach ex lanation'i amount eerti red di ers s the'a`tnount a lied Initial all t ures on;this 9:BALANCE T0,FINISH�INCL'UDING RETAINAGE f P f f ff ; PP f8,. 70,643.90' Application and•on t M Continuation S et'th. . : changed to•conform wtth the amount cerfifed:) (Line 3 l ss Line 6) ,' $ PPNST , TION Date 0( 30 j't ADDITIONS . DEDUCTIONS . t CHANGE ORDER SUMMARY ,� ARC O c itects Inc. Q� Tota4 k "7®( `®gyp®illi' l changes approved>n previous months by Owner $ $ B 1/ fi ' Date YYYY Total:'a" roved this Month •' itts: . ,pp,.. �:� ,�, }, .,; •$.'r ,-;M This:C ertificate.is of negotia e. The�•AMOUNT CERPINIED,is,,payable:only t¢.tliesContractoi-' :,;fa ,. ,'.:.'" tt `.re udice:to-ad =n lies oE'- . . � � ' f ,•: : ' TOTALS $ $ , _. • pained•herein`Issuance•..payment and acceptance"of payment are without.P- J . . . Y g + NET CHANGES by Changse:Ord er - .4 •'c $ the Owne or Contracor under`this Contract: ' N:: ivo0,. • ntr , D`'c1 ment on-which+this'-textrB i ear's in RED:.Anlorig final assures that:'chang es,will'rtot.be°obscured CAUTIO,T Y,,ou�shouldstgn?an orlginahAlA;`Co_t,act., cu .,., .,," ,. .,,_ . ._ -"pP . 9_. �_ ._ � -. . ._ 9 - AIA Document G702/CMaTM'=1992:.'Co ri ht•©•'1992'b ,}The'American Institute"of;Architects.'All,rights!reserved WARNING:This AIA®:'Document is,protected by U:S tCopyright Law and'International Treaties,. •. Uncut zed:re roductiOii*iiistribi.tioii of this Ai Document,Tor�an' t orti.0 of,0.,,inay re'di.':ih,d6r,Oe civil,arid`criminaI penaip4s;-anc,virill tieprosecuted to the maximum•exient.possible`-'under;the law:; . Purchasers are' ermiitt dto're roduce'ten! 10 co"ies o`f this`document•when om leted,To `�co e ` '� "" py g � erican Institute'of�Aichitects•legal}counsel;eopyrightCa@aia:org. ; r ( ) p p report c ' , ents;e-maillThe Am p o n ht violations oflAlA•Contract Docum - . , "a1-3,,I. it.,4... ; -..%4 - CONTINUATION SHEET Page 2 of 2 APPLICATION NO. : 7 APPLICATION AND CERTIFICATE FOR PAYMENT,containing Contractor's signed Certification, is APPLICATION DATE: 6/30/2011 attached. In tabulations below,amounts are stated to the nearest dollar. Use Column I on Contracts where PERIOD TO: 6/30/2011 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 a/o BALANCE TO RETAINAGE NO. DESCRIPTION OF WORK SCHEDULED VALUE FINISH (IF VARIABLE APPLICATION THIS PERIOD STORED(NOT IN STORED TO DATE (G/C) (C-G) RATE) (D+E) DORE) (D+E+F) 1 General Allowance $25,000.00 $8,714.00 $2,600.00 $11,314.00 45% 13,686.00 217.85 2 Additional Scope Allow. $50,000.00 $0.00 $0.00 0% 50,000.00 - 3 Supervision $2,300.00 $2,300.00 $2,300.00 100% - 57.50 4 Bonds $3,800.00 $3,800.00 $3,800.00 100% - 95.00 5 Submittals $8,500.00 $8,500.00 $8,500.00 100% - 212.50 6 Misc. General Conditions $1,200.00 $1,200.00 $1,200.00 100% - 30.00 7 Rebar Material $1,500.00 $1,500.00 $1,500.00 100% - 37.50 8 Concrete Wall $15,000.00 $15,000.00 $15,000.00 100% - 375.00 9 Masonry and Limestone $150,000.00 $150,000.00 $150,000.00 100% - 3,750.00 10 Ornamental Railings and Gates $65,000.00 $65,000.00 $65,000.00 100% - 1,625.00 11 Painting $1,600.00 $1,600.00 $1,600.00 100% - 40.00 12 Waterproofing $1,500.00 $1,500.00 $1,500.00 100% - 37.50 13 Joint Sealants $1,500.00 $1,500.00 $1,500.00 100% - 37.50 14 Earthwork $8,100.00 $8,100.00 $8,100.00 100% - 202.50 15 Change Order#1 $9,602.00 $9,602.00 $9,602.00 100% - 240.05 $344,602.00 $278,316.00 $2,600.00 $0.00 $280,916.00 82% $63,686.00 $6,957.90 ISA Form#I-402 AI 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 Two Thousand Six Hundred and No/100 Dollars ($2,600.00) ❑ receipt of which is hereby acknowledged; or ® the payment of which has been promised as the sole consideration of this Affidavit and Partial Waiver of Lien which is given solely with respect to said amount, and which waiver shall be effective only upon receipt of payment thereof by the undersigned; (FINAL WAIVER)that the final balance due from the Owner is the sum of Dollars ( ) ❑ receipt of which is hereby acknowledged; or ❑ the payment of which has been promised as the sole consideration for this Affidavit and Final Waiver of Lien which shall become effective upon rece. t of such payment. THERFORE, the undersigned waives and releases unto the t wner of said premises, any and all lien or claim whatsoever 9 P Y on the above-described property and improvements ther:,o .ccount rl of LABOR or material or both, furnished by the undersigned thereto, subject to limitations of conditions , p =.sed herein, if any; and further certifies that no other party has any claim or right to a lien on account of any work or rfo ed or material furnished to the undersigned for said project, and within the scope of this affidavit and waiver. Gibraltar Construction Corp By AL I Title President yl WITNESS MY HAND AND NOTORIAL SEA / nd .k:y of June, 2011. / (Notary Public) �p5kvPUe BRIAN R. MCBRIDE o t97? 4NotaNA Su$CONIRAC1OAS ASSOCIAnON INCOAPOA41ED / Res, c Hancock County ""'","'..'°°a°a°°u��" Pr°"'e„'' '� My Comm, Exp. 11-29-2017 ae" ,a9? D I Pd Commission # 611862