HomeMy WebLinkAboutAll Pro Sound - $100,000Exhibit 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
Application 15 (All Pro Sound) April 2011
$100,000.00
Total Authorized Disbursement
`$100,000,00
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 and between Lender and Village Financial, LLC.
Dated:
to /t
CITY OF CARMEL REDEVELOPMENT
COMMISSION
By i
Printed L r? S S, Oil)
Title E xecuchife ViCed -or
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 pad 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
Paid by Village Financial $ 114,734.42
November 2010
Paid by Village Financial $ 48,681.67
December 2010
Paid by Village Financial $ 19,575.00
January 2011
Paid by Village Financial $ 7,341.30
March 2011
Paid by Village Financial $ 2,649.60
April 2011
Amount to be paid by Village Financial t $ 100,000.00 '
PAC SOUND EQUIPMENT - $1,649,084 (MISC - 800033)
CONTRACTOR
All Pro Sound
Schedule
202010 - 302010
Applications #15
PAYMENT SUMMARY
$ 1,581,970.00
$ (51,000.00)
$ 1,530,970.00
$ 1,481,414.00
$ 48,141.40
$ 48,141.40
$ 1,433,272.60
$ 1,333,272.60
$ 100,000.00
$ 97,697.40
1 Original Contract Amount
2 Net Change by Change Order
3 Contract Sum to Date
4 Total Completed & Stored to Date
5a Retainage of Completed Work
5b Retainage of Stored Materials
5t Total Retainage
6 Total Earned Less Retainage
7 Previous Payment
8 Current Payment Due
9 Balance To Finish, Including Retainage
(Column F, Below)
(Column H, Below)
(Line 4 - Line 5t)
EQUIPMENT
Cable
Fabricated Steel
Racks, Cases, and Carts
Equipment Electronics
Equipment Hardware
Labor
Bond
Bid Package 6020 General Allowance
Allowance No. 3 - CAD As BuiIts
Software Allowance
CO #1
Total of Above
CONTRACT
TOTAL
PREVIOUSLY
COMPLETED
$ 152,365.00 $ 152,365.00 $
$ 23,250.00 $ 23,250.00 $
$ 21,420.00 $ 21,420.00 $
$ 830,217.00 $ 830,217.00 $
$ 57,011.00 $ 57,011.00 $
$ 341,532.00 $ 341,532.00 $
$ 49,675.00 $ 49,675.00 $
$ 100,000.00 $ 55,444.00
$ 5,000.00 $
$ 1,500.00 $ 1,500.00
$ (51,000.00) $ (51,000.00) $
COMPLETED STORED
THIS PERIOD MATERIALS
COMPLETED REMAINING RETAINAGE
TO DATE BALANCE
INCL. RETAINAGE
$ 152,365.00
$ 23,250.00
$ 21,420.00
$ 830,217.00
$ 57,011.00
$ 341,532.00
$ 49,675.00
$ 55,444.00
$ 1,500.00
$ (51,000.00)
$ 4,951.39 $ 4,951.39
$ 755.55 $ 755.55
$ 696.08 $ 696.08
$ 26,979.50 $ 26,979.50
$ 1,852.68 $ 1,852.68
$ 11,098.74 $ 11,098.74
$ 1,614.28 $ 1,614.28
$ 46,357.76 $ 1,801.76
$ 5,000.00 $
$ 48.75 $ 48.75
$ (1,657.33) $ (1,657.33)
$ 1,530,970.00 $ 1,481,414.00 $
- $ 1,481,414.00 $ 97,697.40 $
48,141.40
Amount Requested by CRC
Total Authorized by Exhibit C
Difference
$ 1,530,970.00 $
$ 1,649,084.00 $
$ 118,114.00 $
1,481,414.00 $
1,481,414.00 $
- $
$ 1,481,414.00 $ 97,697.40 $
$ 1,481,414.00 $ 215,811.40 $
$ - $ 118,114.00 $
48,141.40
48,141.40
APPLICATION AND CERTIFICATE FOR PAYMEN1
AIA DOCUMENT G702 /CMa
TO OWNER: Cannel Redevelopment Commissioi PROJECT:
One Civic Square, Carmel, IN 46032
(Mail to Shiel Sexton)
FROM CONTRACTOR:
All Pro Sound VIA ARCHITECT: CSO Architect Inc.
806 Beverly Parkway ADDRESS: 280 East 96th St. Suite 100
Pensacola, FL 32505 Indianapolis, IN. 46240
CONTRACT FOR: Production Sound and Co mmuications
CONSTRUCTION MANAGER - ADVISER EDITION
Parcel 7A, Regional Performing
Carmel, IN.
USA
APPLICATION NO:
PERIOD TO:
JOB NO:
PROJECT #:
AGREEMENT #
CONTRACT DATE:
COST CODE:
Page
15
4/30/2011
830015
2695
2695 -6020
3/162009
2741 16
I of 2
Distribution to:
OWNER
MANAGER
ARCHiTEC'T
CONTRACTOR
x
x
CONTRACTOR'S APPLICATION FOR PAYMEN1
Application is made for payment, as shown below, in connection with the Contract.
Continuation Sheet, AIA Document 0703, 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 0 on G703)
5. RETAINAGE:
a. 10% of Completed Work 5 48,141.40
(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 RETA1NAGE $
(Line 3 less Line 6)
$ 1,581,970.00
$ (51,000.00)
$ 1,530,970.00
$1 $ 1,481,414.00
$
48,141.40
11433,272.60
1,333,2 72.60
100,000.00
97,697.40
CHANGE CORDER SUMMARY
ADDITIONS
DEDUCTIONS
'Total changes approved
in previous months by Ownet
$51,000.00
Total approved this Month
$0.00
TOTALS
551,00(1.00
NET CHANGES by Change Ordet
551,000.00
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 pale
by the Contractor for Work for which previous Certificates for Payment were issued and
payments received from the Owner, and that current paytnent shown herein is now due
CONTRACTOR)
Bv: ��
State of: Florida
Subscribed and sworn to befell-14z this
Notary Pub's
My Commission ex1i
CERTIF
Date:
County of Escambia
day of Are, Pi, \ 2_ 0 ( 1
ir+'v;;;., CRF1! HTON E. JORDAN
h
f407ArV PUBLIC - STATE OF FLORIDA
705193
E FOR AYMEN
'4; o r f.,
EXPIRES 9!21/2011
In accordance with the Contract Documents, based on on -shffi Aservatiol10101 Y1113Rtatal88- NOTARyi
comprising this application. the Construction Manager 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 CE TIFIED
n
AMOUNT CERTIFIED
$
(Attach explanation if amount certified differs
figures on this .lication and on th -j• onti
• noun certifi:
C`�STR 119 u 0
1i.. :I
1
tnnonnt applied for. Initial all
heel that changed to co iform to the
Date:
Date:
e is not negotiable. The AMOUNT CERTIFIED is payable only to tht
Contractor named herein. Issuance, payment and acceptance of payment are withow
prejudice to an rights of the Owner or Contractor under this Contract.
AIA DOCUMENT G702iCMa APPLICATION AND CERTIFICATION FOR PAYMENT CONSTRUCTION MANAGER - ADVISER /ION 1992 EDITION AIA 121952
THE AMERICAN INSTITUTE OF ARCH N ECI S, 1745 NEW YORK AVE.. N W , 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
SHEET AIA DOCUMENT G703
AIA Document G702, APPLICATION AND CERTIFICATION FOR PAYMENT, contautin€
Contractor's signed certification is attached.
In tabula ions below, amounts are stated to the nearest dollar.
l!se Colu nn I on Contracts where 'Variable retainage for line items may apply.
PAGE 2 OF 2 PAGES
APPLICATION NO:
APPLICATION DATE:
PERIOD TO:
ARCHITECTS PROJECT NO:
15
04/21/11
04/30/11
A
B
C
D E
F
G
H
I
1TEM
NO
DESCRIPTION OF WORK
SCHEDULED
VALUE
WORK COMPLETED
MATERIALS
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
PRESENTLY
STORED
(NOT IN
D OR E)
1
Cable
$ 152,365.00
$ 152,365.00
5 -
$ -
$ 152,365.00
100.00%
$ -
$ 15,236.50
2
Fabricated Steel
$ 23,250.00
$ 23,250.00
$ -
5 -
$ 23,250.00
100.00%
$ -
$ 2,325.00
3
Racks, Cases, and Carts
$ 21,420.00
$ 21,420.00
$ -
5 -
$ 21,420.00
100.00%
$ -
$ 2,142.00
4
Equipment Electronics
$ 830,217.00
$ 830,217.00
$ -
$ -
$ 830,217.00
100.00%
$ -
$ 83,021.70
5
Equipment Hardware
$ 57,011.00
$ 57,01 1.00
$ -
5 -
5 57,011.00
100.00%
5 -
$ 5,701.10
6
Labor
$ 341,532.00
$ 341,532.00
$ -
$ -
$ 341,532.00
100.00%
$ -
$ 34,153.20
7
Bond
$ 49,675.00
$ 49,675.00
$ -
$ -
$ 49,675.00
100.00%
$ -
5 4,967.50
8
Bid Package 6020 General Allowance
$ 100,000.00
$ 55,444.00
$ -
$ -
$ 55,444.00
55.44%
$ 44,556.00
$ 5,544.40
9
Allowance No. 3 - CAD AS BUILTS
$ 5,000.00
$ -
5 -
5 -
$ -
0.00%
$ 5,000.00
$ -
10
Software Allowance
5 1,500.00
$ 1,500.00
$ -
5 -
$ 1,500.00
100.00%
$ -
5 150.00
11
Change Order ttl
$ (51,000.00)
$ (51.000.00)
5 -
5 -
$ (51,000.00)
100.00%
$ -
$ (5,100.00)
Ain
GRAND _ TOTAL$.. ;. ;:. ;
$ .::is3o,7o ;(111,
:$ : 1,481;4141.110
= :.
.: `:
$':L481;414.00
96:76%
$. 49,556.00
$ 148,141.40
A oocuMeNrGrctiset�tm�y�lta g8g6a ofst{af munfpagt- Dyeatquesting 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. 20008 -5232 G703 -1992
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 Thousand
Dollars and Zero Cents ($100,000:00), and to extent as billed on Pay. Request #15 the
undersigned,. All _Pro Sound 806 Beverly Parkway; Pensacola; FL. 32505`(Seller) hereby
sells:and tranafersto City of:Carmel Redevelopment Commission (Buyer /.Owner);
the following:
See Breakdown Attached:
The Seller warrants it has good title to said property, full authority to sell and transfer
sane, and that said property is sold free of all liens, claims and encumbrances.
Signed under seal this 21St day of April, 2011
All Pro :Sound
: Signature
David Fanugao, Accounts Receivable
Signature
_ J
:Dan Berry, GFO
'otary blic
4�•r'Y• ...CI IGHTON EJORDAN
•i1'1�PT ►UB7••
;•.!P, t1,1, NOTARYPtnUG= $TATEOFFLORIDA
: COM111 Su)N# 61)705193
:EXPIRS 9/21/2011
ti .h,.
BONDBCTNRU 1498•NOTARY7
806 Beverly Parkway Pensacola, FL 32505
Local 850.432.5780 • Fax 850.432.0844
www.allprosound.com
t R °.,
.z...).-r Lif t! r _.„
•AUDIO • VIDEO • LIGHTING SOLUTIONS
WAIVER AND PARTIAL RELEASE OF LIEN .UPON PROGRESS PAYMENT :# 15
The undersigned lienor; for and in consideration of the sum of $100,000.00 hereby waives and
Releases, its lien and right to claim a hen for labor, services, -or materials - furnished through
April:21, 2011, to Shiel Sexton. Co., Inc. on the job of . City of .Carrnel 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.
Da don 21s' day of April. 2011
By:
(Signature)
Printed Name and Title: David Fanugao / Accounts: Receivable
For:
All Pro:Sound
(Company Name)
-STATE OF FLORIDA :...
COUNTY OF.;ESCAMBIA
The foregoing instrument. was acknowledged before me this 2 day of
By David: Fanugao, who is .personally known to me, or who has produced
(type of identification) 'as .identification and Who
:Did not take an oath:
tary.Signat
.: ;; Jati 4 ry � 1 f: JORDAN
,p �} SUREOFFLORID!
iota r., G ' �STdN tr oc�05193
EXPIRES 9!21!2011
•••••• • 80141:6 tR111688410TMn
(Serial Number)
806 Beverly Parkway • Pensacola, FL 32505
Local 850.432.5780 Fax 850.432.0844
www.allprosound.com