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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