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HomeMy WebLinkAboutJDH Contracting Fiber Optic Cable Support - $18,241.78Regions 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 Security Equipment installment purchase contract Invoice 35634 (JDH Contracting) May 2011 $ 18,241.78 Total Authorized Disbursement $ 18,241.78 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 dank and Carmel Theater Development Company, LLC. Dated: CITY OF CARMEL REDEVELOPMENT COMMISSION By: Printed: Title: Les S. Olds Executive Director 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. JDH Contracting; Inc. Bill To: City of Carmel 31 1st Ave NW 8109 Network Dr. Plainfield IN 46168 -9024 Phone: (317) 839 -0520 Fax:(317) 838 -0925 Carmel IN 46032 INVOICE Invoice No:35634 Invoice Date:5/31/2011 Due Date: 7/9/2011 PO No: Job No: 2011 -00141 Job Description:Paladium Fiber Run RE:Paladium Fiber Run Quantity 'Description P.O.# 47662 Progress Bill Contract amount $72,967.12. Previous invoice number 34781 - $54,725.34. Amount due this invoice - $18,241.78. 1.00 Fiber optic cable supposrt system. Unit Price I Extended Price 18,241.78 18,241.78 Thank You For Your Business! Terms: Net Due 30 Days Amount Due: 18,241.78