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HomeMy WebLinkAboutAll Pro Sound - $114,734.42Exhibit D Disbursement Instructions Mercantile 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 Village Financial, LLC as per the PAC Sound Equipment installment purchase contract Application 10 (All Pro Sound) October 2010 $ 114,734.42 Total Authorized Disbursement $. 114,734:42 - ., All terms used in these Disbursement Instructions without definition shall have the meanings ascribed thereto in that certain Loan Agreement (PAC Sound Equipment), dated , as of August 31, 2009, by nd between Lender and Village Financial, LLC. Dated: CITY OF CARMEL REDEVELOPMENT COMMISSION By Printed Title Les S. Olds Executive Director Draft Sound Equipment All Pro Sound (Mercantile) January 2010 Amount paid by CRC $ 44,707.50 February 2010 Application 2 $ 207,699.30 February amount to be paid from PAC Sound Equipment $ 80,198.10 February amount to be paid from PAC Equipment $ 127,501.20 Paid by Village Financial $ 207,699.30 March 2010 Paid by Village Financial $ 38,317.50 April 2010 Paid by Village Financial $ 21,172.50 May 2010 Paid by Village Financial $ 150,574.50 June 2010 Paid by Village Financial $ 59,628.63 July 2010 Paid by Village Financial $ 83,792.70 August 2010 Paid by Village Financial $ 426,621.89 September 2010 Paid by Village Financial $ 107,776.09 October 2010 Amount to be paid by Village Financial '$ 114;734.42 APPLICATION AND CERTIFICATE FOR PAYMEN1 AIA DOCUMENT G702 /CMa CONSTRUCTION MANAGER- ADVISER EDITION Page 1 of 2 5c TO OWNER: Carmel Redevelopment Commissiol PROJECT: One Civic Square, Carmel, IN 46032 (Mail to Shiel Sexton) FROM CONTRACTOR: All Pro Sound 806 Beverly Parkway Pensacola, FL 32505 CONTRACT FOR: Production Sound and Co Parcel 7A, Regional Performing Carmel, IN. USA VIA ARCHITECT: CSO Architect Inc. ADDRESS: 280 East 96th St. Suite 100 Indianapolis, IN. 46240 mmuications APPLICATION NO: PERIOD TO: JOB NO: PROJECT 4: AGREEMENT 4 CONTRACT DATE: COST CODE: 10 10/31/2010 830015 2695 2695 -6020 3/16/2009 2741 16 Distribution to: OWNER MANAGER ARCHITECT CONTRACTOR x x x x CONTRACTOR'S APPLICATION FOR PAYMEN1 Application is made for payment, as shown below, in connection with the Contract. Continuation Sheet, AIA Document G703, is attached. 1. ORIGINAL CONTRACT SUM 2. Net change by Change Orders 3. CONTRACT SUM TO DATE (Line 1 ± 2) 4. TOTAL COMPLETED & STORED TO DATE (Column G on G703) 5. RETAINAGE: a. 10% ofCompleted Work $ 139,447.23 (Column D + E on G703) b. 10% of Stored Material $ 0.00 (Column F on G703) Total Retainage (Lines 5a + 5b or Total in Column I of 0703) 6. TOTAL EARNED LESS RETAINAGE (Line 4 less Line 5 Total) 7. LESS PREVIOUS CERTIFICATES FOR PAYMENT (Line 6 from prior Certificate) 8. CURRENT PAYMENT DUE 9. BALANCE TO FINISH, INCLUDING RETAINAGE $ (Line 3 less Line 6) $ $ 51 $ 1,581,970.00 (51,000.00) 1,530,970.00 1,394,472.26 $ 139,447.23 $ 1,255,025.03 1,140,290.61 114,734.42 275,944.97 CHANGE ORDER SUMMARY ADDITIONS DEDUCTIONS Total changes approved in previous months by Owner $51,000.00 Total approved this Month $0.00 TOTALS $51,000.00 NE'i CHANGES by Change Order $51,000.00 The undersigned Contractor certifies that to the best of the Contractor's knowledge, information and belief the Work covered by this Application for Payment has been completed in accordance with the Contract Documents, that all amounts have been paic by the Contractor for Work for which previous Certificates for Payment were issued and payments received from the Owner, and that current payment shown herein is now due CONTRACTOR: By: State of: Florida Subscribed and s Notary Public: My Commissi Date: /AP / / /// ty of: Escambia ot 40. CERTIFTAT • OR P 4:2 ,�.. CREIGHTON E. JORDAN NOTARY PUBLIC - STATE OF FLORIDA SION #DD705193 11 BONDED THRU - 888-NOTARY1 In accordance with the Contract Documents, bat on on -site observations and the data data this application, the Construction M ager and Architect certify to the Owner that to the best of their knowledge, information and belief the Work has progressed as indicated, the quality of the Work is in accordance with the Contract Documents, and the Contractor is entitled to payment of the AMOUNT CERTIFIED AMOUNT CERTIFIED $ 114 ti (Attach explanation if amount certified differs from the amount applied for. Initial all figures on this Application and on the Continuatt eet that changed to conform to the amount certified.) CI ,_'IRUC" By: A By: This Certi Contrac prejudice Date: Date: t negotiable. The AMOUNT CERTIFIED is payab on to the herein. Issuance, payment and acceptance of payment are without any rights of the Owner or Contractor under this Contract. AIA DOCUMENT G702 /CMa APPLICATION AND CERTIFICATION FOR PAYMENT CONSTRUCTION MANAGER - ADVISER EDITION 1992 EDITION Alike © 1992 THE AMERICAN INSTITUTE OF ARCHITECTS, 1745 NEW YORK AVE , N ., WASHINGTON, DC 20006 -529: Users may obtain validation of this document by requesting of the license a completed AIA Document D401 - Certification of Document's Authenticity G702 /CMa -1992 CONTINUATION SHEET AJA DOCUMENT G703 AIA Document G702, APPLICATION AND CERTIFICATION FOR PAYMENT, containing Contractor's signed certification is attached. In tabulations below, amounts are stated to the nearest dollar. Use Column 1 on Contracts where variable retainage for line items may apply. PAGE 2 OF 2 PAGES APPLICATION NO: APPLICATION DATE: PERIOD TO: ARCHITECT'S PROJECT NO: 10 10/18/10 10/31/10 A B C D E F G 1-1 1 ITEM NO. DESCRIPTION OF WORK SCHEDULED VALUE WORK COMPLETED MATERIALS PRESENTLY S "CORED (NOT IN D OR E) TOTAL COMPLETED AND STORED TO DATE (D +E +F) % (G - C) BALANCE TO FINISH (C - G) RETAINAGE (IF VARIABLE RATE) FROM PREVIOUS APPLICATION (D + E) THIS PERIOD 1 Cable $ 152,365.00 $ 152,365.00 $ - $ - $ 152,365.00 100.00% $ - 5 15,236.50 2 Fabricated Steel $ 23,250.00 $ 19,002.00 $ 4,248.00 $ - $ 23,250.00 100.00% $ - $ 2,325.00 3 Racks, Cases, and Carts 5 21,420.00 $ 21,420.00 $ - $ - 5 21,420.00 100.00% $ - $ 2,142.00 4 Equipment Electronics 5 830,217.00 $ 756,154.61 $ 71,695.54 $ - $ 827,850.15 99.71% $ 2,366.85 5 82,785.02 5 Equipment Hardware $ 57,011.00 5 41,597.96 $ 14,289.15 $ - 5 55,887.11 98.03% $ 15123.89 $ 5,588.71 6 Labor $ 341,532.00 $ 226,775.00 $ 37,250.00 5 - $ 264,025.00 77.31% $ 77,507.00 $ 26,402.50 7 Bond $ 49,675.00 $ 49,675.00 $ - $ - $ 49,675.00 100.00% $ - $ 4,967.50 8 Bid Package 6020 General Allowance $ 100,000.00 5 51,000.00 $ - 5 - $ 51,000.00 51.00% $ 49,000.00 $ 5,100.00 9 Allowance No. 3 - CAD AS BUILTS $ 5,000.00 $ - $ - $ - $ - 0.00% 5 5,000.00 $ - 10 Software Allowance $ 1,500.00 $ - 5 - $ - $ - 0.00% 5 1,500.00 $ - 11 Change Order #1 $ (51,000.00) $ (51,000.00) $ - $ - $ (51,000.00) 100.00% $ - 5 (5,100.00) • GRAND TOTALS $ 1,530,970.00 5 1,266,989.57 $ 127,482.69 5 - $ 1,394,472.26 91.08% $ 136,497.74 $ 139,447.23 AIA DOCUMENT G7 seesTroroblairevalidatton ofsdaisottortunent byas3questing of the license a completed AIA Document D401 - Certification of Document's Authenticity THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE, N.W., WASHINGTON, D C. 20006 -5232 G703 -1992 ("1 AUDIO • VIDEO • LIGHTING SOLUTIONS Bill Of Sale City of Carmel Redevelopment Commission Parcel 7A, Regional Performing Arts Center Carmel, IN.46032 FOR GOOD CONSIDERATION, and upon payment of One Hundred Fourteen Thousand Seven Hundred Thirty -Four Dollars and Forty -Two Cents ($114,734.42), and to extent as billed on Pay Request #10 the undersigned, All Pro Sound Inc., 806 Beverly Parkway, Pensacola, FL. 32505 ( Seller) hereby sells and transfers to City of Carmel Redevelopment Commission( Buyer / Owner ), the following: See Breakdown Attached: Which are stored at: All Pro Sound Inc. Pre- Fabrication Building 602 West Michigan Avenue Pensacola, Florida 32505 Ph. (850)432 -5780 ext. 2075 Fax (850)432 -0844 The Seller warrants it has good title to said property, full authority to sell and transfer same, and that said property is sold free of all liens, claims and encumbrances. Signed under seal this 18th day of October, 2010 All Pro Sound, In . /1J Signature David Fanugao, Account i Signature Bobby Taylor, Presi Notary '�► is CREIGHTON E. JORDAN NOTARY PUBLIC - STATE OF FLORIDA COMMISSION # DD705193 EXPIRES 9/21/2011 BONOEDTHRO 1- 888- NOTARYI DESIGN. BUILD. PERFORM. 806 Beverly Parkway • Pensacola. Florida 32505 • Phone 850.432.5780 • Fax 850.469.9780 • www.allprosound.com a1W AUDIO • VIDEO • LIGHTING SOLUTIONS WAIVER AND PARTIAL RELEASE OF LIEN UPON PROGRESS PAYMENT # 10 The undersigned lienor, for and in consideration of the sum of $114,734.42 hereby waives and Releases, its lien and right to claim a lien for labor, services, or materials furnished through October 18, 2010, to Shiel Sexton Co., Inc._on the job of City _.of Carmel Redevelopment Commission, For the following described property: City of Carmel Redevelopment Commission Parcel 7A, Regional Performing Arts Center 777 3rd Ave. SW. Carmel, IN. 46032 This waiver and release does not cover any retention of labor, services, or materials furnished after the date specified above. Dated on 18th day of October, 2010 By: (/ (Signature Printed Name and Title: David Fanuqao / Accounts Receivable For: All Pro Sound Inc. (Company Name) STATE OF FLORIDA COUNTY OF ESCAMBIA The foregoing instrument was acknowledged before me this / day of By David Fanuqao, who is personally known to me, or who has produced (type of identification) as identificati+ and who Did not take an oath. , 2010 (N ary Signature, f REIGHTON E. JORDAN :41 `bs NOTARY PUBLIC 6TATEorn.oRBM fl•4nteddl lrl ibA% 4 1s3 .' :".? EXPIRES 9/21/2011 �••0f•� I`o , BONDED THRU1-888- NOTARYI (Serial Number) DESIGN. BUILD. P -' ` . 806 Beverly Parkway - Pensacola, Florida 32505 • Phone 850.432.5780 • Fax 850.469.9780 • www.allprosound.com