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Home My WebLink AboutDecember 2010 - $266,542.44 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 FF&E installment purchase contract Application 2(Officeworks) December 2010 $266,542.44 Total Authorized Disbursement $'266;542.44 - 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: //CA 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 FF and E (Officeworks) November 2010 (application 1) Paid by the Carmel Theater Development Company $ 148,761.50 December 2010 (application 2) Amount to be paid by the Carmel Theater Development Company $ 266,542.44 APPLICATION AND CERTIFICATE FOR PAYMENT Page 1 of 2Page(s) • TO(OWNER): PROJECT: Carmel Theater Development Commission LLC Carmel Regional Performing Arts Center APPLICATION NO: 2 Distribution to: 11711 No Pennsylvania Street 777 3rd Ave SW ❑OWNER Suite 200 Carmel IN 46032 PERIOD FROM: 5/21/2010 Carmel IN 46032 PERIOD TO: 12/22/2010 ❑ARCHITECT CONTRACTOR: VIA(ARCHITECT): Officeworks INC CSO Architects ARCHITECTS II]CONTRACTOR 12000 Exit Five parkway 280 East 96th Street PROJECT NO: 476553 ❑ Fishers IN 46038 Suite 100 CONTRACT FOR: Indianapolis IN 46240 CONTRACT DATE: 5/21/2010 ❑ Office Furnishings CONTRACTOR'S APPLICATION FOR PAYMENT Application is made for Payment,as shown below,in connection with the Contract. Continuation Sheet,Schedule of Values,is attached. CHANGE ORDER SUMMARY 1.ORIGINAL CONTRACT SUM $ 718,487.73 Change Orders approved in ADDITIONS DEDUCTIONS 2.Net change by Change Orders $ 0.00 previous months by Owner 3.CONTRACT SUM TO DATE(Line 1 +/-2) $ 718,487.73 TOTAL 4.TOTAL COMPLETED&STORED TO DATE $ 431,833.00 Approved this Month (Column G on Schedule of Values) Number Date Approved 5.RETAINAGE: 10 %of Completed Work $ 16,529.06 (Column D+Eon Schedule of Values) b. %of Stored Material $ (Column F on Schedule of Values) Total Retainage(Line 5a+5b or TOTALS $0.00 $0.00 Total in Column 1 on Schedule of Values) $ 16,529.06 Net change by Change Orders $0.00 6.TOTAL EARNED LESS RETAINAGE $ 415,303.94 (Line 4 less Line 5 Total) The undersigned Contractor certifies that to the best of the contractor's knowledge, 7. LESS PREVIOUS CERTIFICATES FOR information and belief the Work covered by this Application for Payment has been PAYMENT(Line 6 from prior Certificate) $ 148,761.50 completed in accordance with the Contract Documents,that all amounts have been 8.CURRENT PAYMENT DUE $ 266,542.44 paid by the Contractor for Work for which previous Certificates for Payment were 9.BALANCE TO FINISH,PLUS RETAINAGE $ 303,183.79 issued and payments received from the Owner,and that current payment shown (Line 3 less Line 6) herein is now due. State of: Subscribed and sworn to befo day of 0 e. ((..) : T' T5r ON : Officeworks LLC Notary Public: befo -� / My Commission expir �= Si { Date: �i � AM OUNT CF�3f ID $ � � 7 Z (Attach explanation if amount certified differs from the amount applied for.) ARCHITECT' CERTI. CAT 0- • i YMENT NOTE DIRE +' 'RAW PROCEEDS-REMITTANCE ADDRESS ATTACHED. ARCHITECT �J�' _ ` In accordance with the Contract Documents,based on on-site observations and the data By: , 4 Date: \Z 3 t_ comprising the above application,the Architect certifies to the Owner that to the best of the Architect's knowledge,information and belief the Work has progressed as indicated,the This Certificate is not negotiable. The AMOUNT CERTIFIED is payable only to the Contractor named quality of the Work is in accordance with the Contract Documents,and the Contractor it' herein. Issuance,payment and acceptance of payment are without prejudice to any rights of the Owner or entitled to payment of the AMOUNT CERTIFIED. - Contractor under this Contract. SCHEDULE OF VALUES SCHEDULE OF VALUES APPLICATION AND CERTIFICATE FOR PAYMENT,containing APPLICATION NUMBER: 2 Contractor's signed Certification attached. APPLICATION DATE: 12/22/2010 In tabulations below,amounts are stated to the nearest dollar. PERIOD TO: 12/23/2010 Use Column I on Contract where variable retainage for line items may apply. ARCHITECTS PROJECT NO: 476553 A I B I C I D I E I F I G I H I I Item Description of Work Scheduled Work Completed Materials I Total % Balance Retainage No. Value Presently Completed (G/C) to Finish From Previous This Period Stored and Stored (C-G) Application (NOT IN) • (D+E) D or E) 1 furniture and installation for Carmel 718,487.73 165,290.56 266,542.61 0.00 431,833.17 60% 286,654.56 16,529.06 Performing Arts Center per contract 476553 as specified on Officeworks proposal 31523 Totals 718,487.73 165,291 - 266,543 0 431,833 60%_ 286,655 16,529 WAIVER OF LIEN TO DATE STATE OF INDIANA SS Job Number: 476553 Gty# County of Hamilton Draw Number: 2 Loan# TO WHOM IT MAY CONCERN: WHEREAS the undersigned has been employed by Carmel Theater Development Commission LLC to furnish furniture and installation for the premises known as Carmel Regional Performing Arts Center of which Carmel Theater Development Commission LLC is the owner. The undersigned,for and in consideration of xxonehundredfortheightthousandsevenhundredsixtyoneand 50/100xxdollars ( x148,761.50x )Dollars,and other good and valuable considerations,the receipt whereof is hereby acknowledged,do(es)hereby waive and release any and all lien or claim of,or right to, lien, under the statutes of the State of Indiana, relating to mechanics'liens,with respect to and on said above-described premises,and the improvements thereon, and on the material,fixtures,apparatus or machinery furnished, and on the moneys,funds or other considerations due or to become due from the owner,on account of labor, services, material,fixtures, apparatus or machinery,furnished to this date by the undersigned for the above-described premises. Given under my hand and sealed this day of December,2010 Signature and Seal: X NOTE:All waivers must be for the full amount paid. If waiver is for a corporation,corpo•.to nam should be used,c• •orate seal affixed and title of officer signing waiver should be set forth; if waiver is for a partnership,the art - ship name should CONTRACTOR'S AFFIDAVIT STATE OF INDIANA ISS County of Hamilton TO WHOM IT MAY CONCERN: THE undersigned, being duly sworn,deposes and says that he/she is Chief Financial Officer of the Officeworks services LLC who is contractor for the furniture and installation work on the building located at 777 3rd Ave SW, Carmel Indiana 46032 owned by Carmel Theater Development Commission LLC That the total amount of the contract including extras is S718,487.73 on which he has received payment of $148,761.50 prior to this payment. That all waivers are true,correct and genuine and delivered unconditionally and that there is no claim either legal or equitable to defeat the validity of said waivers. That the following are the names of all parties who have furnished material or labor,or both,for said work and all parties having contracts or sub contracts for specific portions of said work or for material entering into the construction thereof and the amount due or to become due to each,and that the items mentioned include all labor and material required to complete said work according to plans and specifications. CONTRACT NAMES WHAT FOR PRICE AMOUNT PAID THIS PAYMENT BALANCE DUE See attached listing TOTAL LABOR AND MATERIAL TO COMPLETE That there are no other contracts for said work outstanding, and that there is nothing due or to become due to any person for material, labor or other work of any kind done or to be done upon or in connectio with said work other than above stated. Signed this day of December,2010 Signature: X ` Subscribed and sworn to before me this �� day-of— D..-mt3er,201 c , Signature: Carmel Performing Arts Center Recap#2 Vendor Installed abs $ 29,246.03 american floor mats $ 1,202.13 cabot wrenn $ 11,974.40 clark appliances $ 5,801.39 exemplis $ 2,308.98 frontgate $ 9,266.92 herman miller $ 36,457.78 humanscale $ 1,731.51 installation $ 11,251.92 krueger $ 10,627.69 pallas textiles $ 11,683.74 peter pepper $ 24,380.96 sina pearson textiles $ 16,083.80 versteel $ 22,195.40 wenger $ 72,329.96 Total $ 266,542.61