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HomeMy WebLinkAboutAll Pro Sound - $14,096.69Exhibit 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 Invoice 6930 (Professional Audio Designs) August 2012 $ 14,096.69 Total Authorized Disbursement $ 14,096.69 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: CITY OF CARMEL REDEVELOPMENT COMMISSIO By Printed Title Les S. Olds Executive Director Draft Sound Equipment Professional Audio Designs (Mercantile) August 2012 Amount to be paid by Village Financial! $ 14,096.69; Bill to: Invoice Carmel Redevelopment Commission Jeff Steeg 30 West Main St. Carmel, IN 46032 Date Invoice # 8/8/2012 6930 P.O. No. Terms Project proposal Net 20 Quantity Description Rate Amount 2 Meyer Sound Galileo 616 5,795.00 11,590.00 1 Shipping Charges from Meycr Sound 65.70 65.70 1 Middle Atlantic UPS -1000R 683.50 683.50 1 Shipping Charges from MAP 45.00 45.00 1 Peavey CAB 16i 1,650.00 1,650.00 1 Dlin DGS 1008G 49.99 49.99 1 Shipping Charges 12.50 12.50 Original P.O. Value: $14,473.49 Less this invoice: ($14,096.69) Remaining Balance: $ 376.80 Total $14,096:69 Remit to:; Professional Audio Designs, Inc. 11707B W. Dearborn Ave. ., Wauwatosa, WI 53226 , ' 414.476.1011 PR�J�D PPP PARTIAL WAIVER AND RELEASE OF LIEN X FINAL UNCONDITIONAL WAIVER OF LIEN Owner: Carmel Performing Arts Center 355 W. City Center Drive Carmel, IN 46032 VENDOR/SUBCONTRACTOR: Professional Audio Design, Inc. WHEREAS, the undersigned company or individual has furnished materials and /or labor to the City of Carmel (Village Financial LLC) for use in, or improvements to, the above - referenced location; NOW, THEREFORE, the undersigned, for an in consideration of the sum of $ 144096:69 (the cumulative sum received by Professional Audio Design, Inc. )and other good and valuable consideration, the receipt of which is herby acknowledged, does hereby waive and release any and all liens or right to or claim of lien, it has now or may hereafter have on the above - described premises and any improvement thereon, under any law, common or statutory, in the State of Indiana relating to mechanic's, material man, and /or labor liens, for the period through _6/1/2012 The undersigned further acknowledges that receipt of this payment from said Owner constitutes full and final payment for all goods and services supplied on this project through the date of N/A The affiant deposes and says that he /she has the authority to execute this affidavit and release of lien on behalf of the material supplier and/or labor or service supplier and that his /her execution hereof is effective for the purposes for which this document is intended. VENDOR/CONT SIGNED: Tessior al Audio PRINTED NAME AND T I'LE: PHONE: STATE OF: Sworn and subscribed before me this NOTARY PUBLIC COUNTY OF: day of 2012 My commission expires on: .alks PRY P /��o�,�► °F w'S ,% TRANSFER OF TITLE tcaiu, ►►: ►I t!i(Ii0 Ibr• it 11C. ( "Vendor ") transfers to Village Financial, LLC any and all right, title and /or interest that Vendor has in any labor and /or materials described in (i) that Affidavit of Waiver of Lien executed by the Vendor June 1, 2012, and (ii) in the amount of that Affidavit executed by the Vendor on August 'Ft$'`, 2012. "VENDOR" By: Printed: Title: President