Draw 4 FALCON NEST II LLC
•
April 14, 2014
Diana L. Cordray
Carmel Clerk Treasurer
(317)571-2414
Via E-mail: DCordrav(r carmel.in.gov; csheeks car carmel.in.gov; kohn_alexanderc regions.com1
Iake.tavlor( starfnancial.com
Re: Legacy TIF—Draw#4
Dear Diana:
Attached please find the Legacy TIF draw for the current month, If everything is in order,
please sign the Request for Disbursement Form and forward this draw to the Trustee.
Also attached is a budget sheet that will track all costs to date, Please let me know if
you have any questions.
Sincerely,
/7— Z!,<'/
Rajai Zumot
Member of SALT, LLC
1356 131 V'1:.RI,1' RD SUITE 250 • MCLEAN, VA +22101
PHONE: (703) 893-7233 • FA.X.: (703) 893-5267
STATEMENT NO. 2
REQUESTING DISBURSEMENT OF FUNDS FROM PROJECT FUND PURSUANT TO
SECTION 4.3 OF THE TRUST INDENTURE BETWEEN THE CITY OF CARMEL,
INDIANA AND REGIONS BANK, AS TRl.1STEE
Pursuant to Section 4.3 of the Trust Indenture (the "Indenture") dated as of December 1,
2013, between the City of Carmel, Indiana (the "Issuer") and Regions Bank (the "Trustee"), the
undersigned, as the Authorized Representative (as defined in the Indenture) of the Company,
hereby requests and authorizes the Trustee, as depository of the Project Fund created by and as
defined in the Indenture to pay to the Company or to the person(s) listed on the Disbursement
Schedule attached hereto out of the moneys on deposit in the Project Fund, the aggregate sum of
S 8,336.63 to pay such person(s) or to reimburse the Company in full, as indicated in the
Disbursement Schedule, for advances, payments and expenditures made by it in connection with
the items listed in the Disbursement Schedule.
In connection with the foregoing request and authorization, the undersigned hereby
certifies that:
(a) the costs of an aggregate amount set forth in this written request
have been made or incurred and were necessary for the construction of the Project and
were made or incurred in accordance with the construction contracts, plans and
specifications, or purchase contracts therefor then in effect or that the amounts set forth in
such written request are for allowable Costs of Construction of the Project;
(h) the amount paid or to be paid, as set forth in this written request, is
reasonable and represents a part of the amount payable for the Costs of Construction of'
the Project all in accordance with the cost budget; and that such payment was not paid in
advance of the time, if any, fixed for payment and was made in accordance with the terms
of any contracts applicable thereto and in accordance with usual and customary practice
under existing conditions;
(c) no part of said costs was included in any written request previously
filed with the Trustee under the provisions hereof; and
(d) such costs are appropriate for the expenditure of proceeds of the
Bonds under the Act.
This statement and all exhibits hereto, including the Disbursement
Schedule, shall be conclusive evidence of the facts and statements set forth herein and
shall constitute full warrant, protection and authority to the Trustee for its actions taken
pursuant hereto; and
This statement constitutes the approval of the Company of each
disbursement hereby requested and authorized.
IN WITNESS WHEREOF, the authorized representative of the Company has set his
hand as of the 2f day of 20 /Y.
FALCON NEST II LIC,
an Indiana limited liability company
By: SALT, LLC, Member
I3y:
Rajai Zumot, MeMber of SALT. LLC
Pursuant to Section 4.3 of the
Indenture the foregoing
disbursement request is hereby
approved:
CITY 0 C
'
le
Diana L. Cworay, /AMC, Clerk- ' /ayurer
,
3
�
Legacy TIF Draw
Application No 4
Application Date: 14-Apr-14
Prepared By: Kathy Tekulve
Telephone No (317) 863-2052
Amount : $ 8,336.63
Reference or Total Retainage
Invoice Work This Invoice
Code Contractor 1 Payee Number Completed Period Amount
2 Williams Creek Consulting 1403009 $ 2,300.00 $ 2,300.00
$ 2,300.00 : $ - $ 2,300.00
3 Stoeppelwerth &Assocs., Inc. 187666 $ 3,212.50 $ - $ 3,212.50
Stoeppelwerth &Assocs., Inc. 187663 $ 2,242.50 : $ - $ 2,242.50
$ 5.455.00 I $ - $ 5,455.00
Management Fees 1041 $ 581.63 $ - $ 581.63
• $ 581.63 $ - $ 581.63
Total $ 8,336.63 $ - $ 8,336.63
• $ 0.00
1 of 1
PLATINUM PROPERTIES MANAGEMENT COMPANY, LLC
INVOICE 1041
April 14, 2014
Zumot Real Estate Management, Inc. rzumot @zumot.net
Falcon Nest II, LLC
1356 Beverly Road
Suite 300
McLean, VA 22101
Re: Development Service Fees - The Legacy TIE Draw
Summary of April 2014 Construction Costs:
Williams Creek Consulting $ 2,300.00
Stoeppelwerth & Assocs., Inc. $ 5,455.00
Total Monthly Costs $ 7,755.00
Development Fee @ 7,5% $ 581.63
Please remit payment to:
Platinum Properties Management Company, LLC
9757 Westpoint Drive,Ste 600
Indianapolis, IN 46256
9757 Westpoint Drive,Suite 600, Indianapolis, IN 46256 (317) 818-2900
Williams Creek Consulting,Inc.
619 N.Pennsylvania Street
Indianapolis, Indiana 46204
Office Phone: 317.423.0690
Fax:317.423,0696 WILLIAMS CREEK
CONSLATING
March 31,2014
Tim Walter Project No: 01.0565A1
Falcon Nest II, LLC Invoice No: 1403009
CIO Platinum Properties
9757 Westpoint Drive
Suite 600 771--
Indianapolis,IN 46256
Project 01.0565.A.1 FALCON:Legacy Consulting Services
PrdA.Slio_naLServiceslrom March 01.2014 to Mardi 31.2014
phase 01T Dry Detention Basin
0.00
phase 02F Stormwater Planning&Design Assistance Phase Two Master Infrastructure
Fee
Percent Previous Fee Current Fee
Billing Phase Fee Complete Earned Billing Billing
SW Planning&Design 6,000.00 100.00 6,000.00 6,000.00 0.00
Assist Phase Two
Total Fee 6,000,00 6,000.00 6,000.00 0.00
Total Fee 0.00
0.00
phase 03T Client Requested Meetings
0.00
phase 04F Lake 1 Modifications
Fee
Percent Previous Fee Current Fee
Billing Phase Fee Complete Earned Billing Billing
Lake 1 Modifications 4,900.00 100.00 4,900.00 4,900.00 0.00
Total Fee 4,900.00 4,900.00 4,900.00 0.00
Total Fee 0.00
0.00
phase 05F Lake 2 Modifications
Fee
Percent Previous Fee Current Fee
Billing Phase Fee Complete Earned Billing Billing
Lake 2 Modifications 6,750.00 100.00 6,750.00 6,750.00 0.00
Total Fee 6,750.00 6,750.00 * 6,750.00 0.00
Total Fee 0.00
•
Project 01.0565��I FALCON:Legacy Consulting Services Invoice 1403009
0.00
phase 06T Master Infrastructure Phase II Revisions
0.00
phase 07T MIPII CD Revisions
0.00
phase 08T DD7&D08 Modifications
0.00
phase 09F Revisions to BMP planting plans
Fee
Percent Previous Fee Current Fee
Billing Phase Fee Complete Earned Billing Billing
Revisons to BMP plating 3.500.00 100.00 3.500.00 3.500.00 0.00
plans
Total Fee 3.500.00 3.500.00 3.500.00 0.00
Total Fee 0.00
0.00
phase 1OF Community Drive Overtopping Ailalysis
Fee
Percent Previous Fee Current Fee
Billing Phase Fee Complete Earned Billing Billing
Community Drive 4.100.00 100.00 4.100.00 4.100.00 0.00
Overtopping Analysis
Total Fee 4.100.00 4.100D0 4.100.00 0.00
Total Fee 0.00
0.00
phase 11F Cherry Creek Boulevard Crossing
Fee
Percent Previous Fee Current Fee
Billing Phase . Fww Complete Earned Billing Billing
Cherry Creek Boulevard 2,300.00 100.00 2.300.00 0.80 2.300.00
Crossing
Total Fee 2.300.08 2.300D0 0.00 2.300.00
Total Fee 2.300.00
$2,300.00
Total this Invoice '$i3--0--'
„J
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Page 2
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4 -:- > S T O E P P E L W E R T H ofc: 317.849.5935 7965 East 106th Street
, a A Y S O N
A l'N fax: 317.849.5942 Fishers,Indiana 46038-2505
www.stoeppelwerth.com
FALCON NEST II, LLC Invoice number 187663
CIO PLATINUM PROPERTIES, LLC Date 04/03/2014
9757 WESTPOINT DRIVE .•-7-1 •:.:
SUITE 600 Project 55115PLA-CC3 MEADOWS AT LEGACY,
INDIANAPOLIS, IN 46256 SEC 3-CHERRY CREEK BOULEVARD
Professional Services for the Period: March 2014
Contract Percent Total Prior Current
Description Amount Complete Billed Billed Billed
Final Design
Construction Document Preparation 6,950.00 30.00 2,085.00 0.00 2,085.00
Project Management!Permitting 1,050.00 15.00 157.50 0.00 157.50
Subtotal 8,000.00 28.03 2,242.50 0.00 2,242.50
Construction Services
Construction Staking 2,900.00 0.00 0.00 0.00 0.00
Subtotal 2,900.00 0.00 0.00 0.00 0.00
Completion Certifications
Ditch in center of Boulevard 650.00 0.00 0.00 0.00 0.00
Streets 950.00 0.00 0.00 0.00 0.00
Digital GIS Submittal 400.00 . 0.00 0.00 0.00 0.00
Subtotal 2,000.00 ,. 0.00 0.00 0.00 0.00
Mon umentation
Street Centerline Monuments 450.00 0.00 0.00 0.00 0.00
Subtotal 450.00,,.... 0.00 0.00 0.00 0.00
Additional Services 0.00 0.00 0.00 0.00 0.00
Total 13,350.00 16.80 2,242.50 0.00 2,242.50
�/' , �'
t ' �_ ,
•-c: , j t t� Invoice total t 2,242.50
Aging Summary �� ;.�' (1 t
Invoice Number Invoice Date Outstanding Current Over 30 Over 60 Over 90 Over 120 r
187663 04/03/2014 2,242.50 2,242.50
Total 2,242.50 2,242.50 0.00 0.00 0.00 0.00
If any portion of this invoice is in dispute, it is the client's responsibility to notify Stoeppelwerth&Associates, Inc. in writing within thirty
(30)calendar days from the date of the invoice. The client remains responsible for paying the undisputed portion of the invoice by the
due date. Any invoices unpaid after 30 days shall incur a finance charge of one-and-one-half(1 .)percent of the invoiced amount per
month,excepting any disputed portion of the invoiced amount. Payment thereafter shall be applied first to accrued interest and then to
the unpaid principal amount.
a -i- > S T O E P P E L W E R T H ofc: 317.849.5935 7965 East 106th Street
\\::_v-___," A fax: 317.849.5942 Fishers,Indiana 46038-2505
A L W A Y S O N www.stoeppeIwerth.com
FALCON NEST II, LLC Invoice number 187666
C/O PLATINUM PROPERTIES, LLC Date 04/03/2014
9757 WESTPOINT DRIVE Ee-
SUITE 600 Project 55115PLA-CC2 OVERLOOK AT
INDIANAPOLIS, IN 46256 LEGACY,SEC 2-CHERRY CREEK
BOULEVARD
Professional Services for the Period: March 2014
Contract Percent Total Prior Current
Description Amount Complete Billed Billed Billed
Final Design
Construction Document Preparation 11,950.00 25.00 2,987.50 0.00 2.987.50
Project Management/Permitting 1,500.00 15.00 225.00 0.00 225.00
Coordination with Williams Creek Consulting 1,000.00 0.00 0.00 0.00 0.00
Micro Pool Design&Construction Plans 1,950.00 0.00 0.00 0.00 0.00
Subtotal 16,400.00,' 19.59 3,212.50 0.00 3,212.50
Construction Services
Construction Staking 9,000.00 0.00 0.00 0.00 0.00
Subtotal 9,000.00; 0.00 0.00 0.00 0.00
Completion Certifications
Ditch in center of Boulevard 1,300.00' 0.00 0.00 0.00 0.00
Storm Sewers 1,800.00' 0.00 0.00 0.00 0.00
Sanitary Sewers(Including Lateral &Clean Out 170.00 0.00 0.00 0.00 0.00
Locations)
Streets 1,900.00 0.00 0.00 0.00 0.00
Digital GIS Submittal 950.00 0.00 0.00 0.00 0.00
Subtotal 6,120.00 0.00 0.00 0.00 0.00
Monurnentation
Street Centerline Monuments 2,040.00 / 0.00 0.00 0.00 0.00
Concrete Monuments 1,500.00 `/ 0.00 0.00 0.00 0.00
Subtotal 3,540.00 0.00 0.00 0.00 0.00
Additional Services 0,00 0.00 0.00 0.00 0.00
Total 35,060.00 9.16 3,212.50 0.00 3,212.50
/'
J j( f'(ti "- ') ° .„..2 Invoice total HIM
� 1Aging Summary ,'�1t �
Invoice Number Invoice Date Outstanding Current Over 30 Over 60 Over 90 Over ti0
187666 04/03/2014 3,212.50 3,212.50
Total 3,212.50 3,212.50 0.00 0.00 0.00 0.00
FP NEST IL LLC Invoice number 187666
P . °55115PLA•CC2 OVERLOOK AT LEGACY,SEC 2-CHERRY CREEK BOULEVARD Date 04/03/2014
•
if any portion of this invoice is in dispute, it is the client's responsibility to notify Stoeppelwerth&Associates, Inc. in writing within thirty
(30)calendar days from The date of the invoice. The client remains responsible for paying the undisputed portion of the invoice by the
due date. Any invoices unpaid after 30 days shalt incur a finance charge of one-and-one-half(1 Y2)percent of the invoiced amount per
month, excepting any disputed portion of the invoiced amount. Payment thereafter shall be applied first to accrued interest and then to
the unpaid principal amount.