Providing Safe, Affordable Housing Since 1948 1948 Since Since Housing Housing Affordable Affordable Safe, Safe, Providing Providing
PRSRT STD US POSTAGE PAID EVANSVILLE, IN
PERMIT #1237
Pages 8-9 Pages
Register to attend! to Register
January 12th at Tropicana Tropicana at 12th January
Tropicana Walnut Room Walnut Tropicana
led by Joe Lstiburek Joe by led Parade Preview Parade
Building Science Seminar Science Building January 12 January
Tropicana Pavilion Tropicana
Joe Lstiburek Seminar Lstiburek Joe
Pages 6-7 Pages January 12 January
SPACE TODAY! SPACE
RESERVE YOUR EXHIBIT EXHIBIT YOUR RESERVE 11:30am @ SIBA @ 11:30am
Lunch and Codes and Lunch at Tropicana at
November 18 November
January 12th January
Parade Preview Parade
@ SIBA @
Meeting with Mayor Mayor with Meeting
November 11 November
5pm @ Tropicana @ 5pm
Board Elections Board
Page 5 Page Membership Meeting & Meeting Membership
Builders Association Association Builders
November 10 November
Rick Wajda, CEO Indiana Indiana CEO Wajda, Rick PROGRAM:
Events at Tropicana Evansville Tropicana at
Tuesday, November 10 November Tuesday,
Upcoming Upcoming
SIBA Membership Meeting Membership SIBA
November 2020 2020 November November
812-479-6026 www.SIBAonline.org www.SIBAonline.org 812-479-6026
2175 N. Cullen Ave. Evansville, IN 47715 IN Evansville, Ave. Cullen N. 2175
Southwestern Indiana Builders Association Builders Indiana Southwestern
The official publication of the the of publication official The
Action News News Action Action
Page 2 NOVEMBER 2020 EDITION ACTION NEWS
Action News The official publication of the Southwestern Indiana Builders Association
2020 OFFICERS STATE DIRECTORS EXECUTIVE OFFICES President Jonathan Elpers 2175 N. Cullen Avenue Jon Elpers, GEN 3 Contracting Aaron Miller Evansville, Indiana 47715 Vice President Kenny Reinbrecht* Phone: 812-479-6026 Eric Feagley, Niehaus Lumber Mike Zehner Fax: 812-479-6340 Treasurer *SIBAs designee on IBAs Executive Committee Office Hours: Zac Nelson, Old National Bank 8:30 a.m. to 4:30 p.m. Secretary Website: MacKensey Mayer, ETFCU www.SIBAonline.org Immediate Past President SIBA STAFF D.G. Asay, Heidorn Construction IBA LIFE DIRECTORS Executive Director Bill Badger, Sr. Damien Scheessele EXECUTIVE DIRECTOR Ron Dauby Ted Ubelhor Bill Pedtke Bill Pedtke *Steve Heidorn E-mail: [email protected] Legal Counsel * denotes Past State President ASSOCIATION SERVICES DIRECTOR Shannon Frank, Kahn, Dees, Donovan, & Kahn Jamie Elliott E-mail: [email protected] BOARD OF DIRECTORS The information provided in this publication is for informational purposes only. BUILDERS ASSOCIATES Due to complexities of applicable building codes, construction applications, and facts specific to each situation, Jonah Becher Damon Barnett individuals should consult with a qualified contractor regarding specific construction needs or concerns. Mike Conti Scott Bowman SIBA does not guarantee acceptance by any member nor does it guarantee any products or services offered by Ron Dauby Rochelle Fichter MMIC or Logan Lavelle & Hunt. SIBA recommends that members perform their own due diligence and consult Matt Dubord Kevin O’Donohue with appropriate advisors regarding all insurance products and programs. Cougar Martin Brad VanBibber Jeremy Mattingly Chris Miller Advertise in the SIBA Newsletter! Rates include ad design assistance. SPECS Easy 2020 RATES Ad Size Width Height Size Monthly Annually (12x) 1/9-Page 2 1/2" x 3 1/4" 1/9 $25 $300 1/4-Page 5" x 4 3/4" Affordable 1/4 $55 $660 1/2-Page 7 1/2" x 4 3/4" 1/2 $80 $960 2/3-Page 5" x 9 3/4"
2/3 $125 $1,500 Full / Insert 7 1/2" x 9 3/4”
Full $150 $1,800 All artwork, logos, photos and graphics can be Targeted Full Color Back Cover = $300/mth submitted in both grayscale and full color format. ACTION NEWS NOVEMBER 2020 EDITION Page 3
MarkSIBA your calendars DATES for these SIBA meetingsTO REMEMBER and events. Members should feel free to call the SIBA office for details on any of the meetings listed on these Action News calendars, or for dates of future events. The official publication of the Southwestern Indiana Builders Association
NOVEMBERSUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY 1 2 3 4 5 6 7
8 9 10 11 12 13 14 Membership Mayor Meeting Meeting 10am @ SIBA 5p @ Tropicana 15 16 17 18 19 2018 21 Lunch & Codes 11:30 @ SIBA 22 23 24 25 26 27 28 Thanksgiving Day 29 30
SUNDAY MONDAY TUESDAY WEDNESDAYDECEMBER THURSDAY FRIDAY SATURDAY 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19 Lunch & Codes 11:30 @ SIBA 20 21 22 23 24 25 26 Christmas Christmas Eve Day 27 28 29 30 31 New Year’s Eve Page 4 NOVEMBER 2020 EDITION ACTION NEWS
The Pedtke ANOTHER CONCRETE EXAMPLE Perspective by MEMBERSHIP PAYS! Bill Pedtke Executive SIBA members. IBA has changed to filing a lawsuit…. Although Director its policy on the QABS manuals the entire point of the QABS – and now makes a digital program is prevent both parties version available to builders from costly legal actions. I got a call from a guy who only. For those interested in SIBA can provide sample had a problem with a customer. using a digital format, please contract/agreement language Caller is a concrete installer, call IBA at 1-800-377-6334. for you to implement. And and does sidewalks, driveways, For Associate members, we strongly encourage all etc. for a living. His friend who often work directly with general and subcontractors to asked him to build a driveway a homeowner (like installing have a professional attorney for them, so of course the concrete driveways, painting, review your agreements to first thing concrete guy does heating & air, and flooring) protect you and your business is apply “friendship discount”. the QABS program allows from unnecessary losses. Next, the concrete drive you to exceed standards for Some builders squeeze every has a few cracks minor cracks. customer when you choose its bit of value from the program Because the old joke is things best for your company. But by taking time to show their we know about concrete: 1) QABS will protect your company buyers how to use the manual, gets hard 2) it cracks and 3) when things get ridiculous. and dispute resolution process, no one is going to steal it. Participants in the QABS if needed. The good news is But how can an installer get program are required to purchase the QABS program works. It those “axioms” across to a the book at SIBA, and give one is highly respected by judges home owner who has an entirely to each customer at the time and attorneys– I think, because different profession, and outlook you sign a contract/agreement. it does provide a measurable on life – much less on the quality They are $35 per manual, standard and assurances. But of construction? Especially and discounted to $30 if you it also works with home buyers. on the way to Small Claims purchase more than 20 at a time. The builders who invest their Court? QABS to the rescue! Participants are also required time into the program tell me Per the installer’s request, I to add language in their the program has eliminated forwarded a few pages from the contract/work agreements that call-backs from customers. QABS manual addressing exterior incorporates the standards in When I suggest to Builders concrete which outlined cracks the manuals. If you don’t have a the book and program have a in concrete, and excessive cracks connection between the standards cost – they remind just how in concrete. A judge reviewed and your agreement with a affordable this insurance is! the statewide standard for the customer, what are we doing? And the copyrighted program is QABS program, and ruled in Also, participants are required available to members only. You favor of the installer - the to include their choice of a don’t have to replace very many cracks were not excessive. third-party dispute-resolution driveways to realize membership This just goes to prove the mechanism. This Builder- doesn’t cost – IT PAYS! only thing more expensive than chosen mechanism would be replacing a concrete driveway used by the customer if they for free, is building one with observe something they regard the “friendship discount”. as a discrepancy between The big news at SIBA is that the standard and your work. the board has voted to make It can range from a friendly QABS program available to all text, to documented letters, ACTION NEWS NOVEMBER 2020 EDITION Page 5 MEMBERSHIP MEETING NOTICE Tuesday, November 10th Tropicana Evansville - Walnut Room 5pm Networking • 6pm Dinner
PROGRAM: Rick Wajda, CEO Indiana Builders Association
Plus: SIBA Board Elections and the 2020 Associate of the Year will be announced!
RSVP Required by NOON on November 9th RSVP with Jamie Elliott at 812-479-6026 OR email to [email protected]
SIBA SYMPATHIES leading hitter and pitcher, even H Ranch," and in the summers, playing a game against the King he could always be found on and His Court. He was a member the tractor, and caring for his of the Hadi Shrine, serving in cattle and horses. He was a long- the car club. He also belonged time member of St. Paul's UCC. to Lessing Masonic Lodge #464. Gary was preceded in death by Those who know Gary remember his parents; brothers, Mel Hahn, him having a love for golf, and Gene Hahn, and Butch Hahn. betting the ponies. Gary owned Gary is survived by his children, many race horses through the Holly Hammer (Donald) and Bart Evansville - Gary W. Hahn years, some of which were Hahn (Michelle), and their sister, was born August 10, 1938 in successful and many of which Amy Egli (Billy); sister, Jackie Evansville, IN to the late Ed were not. His avid love for golf Gard; grandchildren, Courtney, and Elsie (Rueger). He passed led him to become an excellent Aaron, Sam, and Emily; and great away peacefully at his home. golfer, shooting a remarkable four grandchildren, Kinsley and Alayna. Gary graduated from Reitz High hole-in-ones. He was a lifelong School in 1956, and served in the member of Oak Meadow Country National Guard. In 1959, he co- Club where he played golf with founded Hahn Brothers Drywall his buddies several times a week. with his brother Butch Hahn. Gary was sometimes referred Gary played in the major softball to as the "Mayor of Earle." He league where he was a league was very proud of the "Lucky Page 6 NOVEMBER 2020 EDITION ACTION NEWS Parade Preview Exhibit Space is now available! Those who participated in the 2020 Parade Preview now have first rights to refuse exhibit space for the 2021 event. The deadline to reclaim your space is November 15th! On November 16th, space opens to all members. If you would like to be added to the wait list, please contact Jamie Elliott at 812-479-6026. The 2021 show is set for January 12th in the Tropicana Walnut Room and Atrium and is PACKED with incentives for builders to attend!
What is Parade Preview? BUILDER INCENTIVES!
An exciting exhibition of the newest in home 1) Each Builder member company gets two free buying trends - from sinks, to windows, and paint attendees to floorplans. Every facet of the homebulding 2) $500 discount on your the first Parade entry industryis represented including insulation, 3) Builders can enter a drawing to win their choice siding,payroll services, lending, audio video and of: 1) ONE FREE PARADE ENTRY, on a “use-it-or- automotive! lose-it” basis. The entry is nontransferrable and non- exchangeable; OR 2) the first Builder drawn may opt ASSOCIATES: Why participate? to win a free renewal of their SIBA membership! Must be in attendance to win either prize! Reach Parade Builders in ONE location in a single 4) Plenty of Prizes – Each exhibitor will be required evening! to give a prize of $25 value or greater. Exhibitors are • Sell your product or service in front of your allowed to conduct their own drawings for prizes, and product display! SIBA will help announce winners! • The cost of booth space pales in comparison 5) Attend for your chance to participate in the Parade to the time and money you spend setting Magazine Cover photo auction! *More details below. appointments and tracking down Parade Builders • At the Preview, Builders ARE the targeted audience and SIBA offers Parade Builders special BUILDING SEMINAR Open to all Members incentives to be there. The full-day workshop, just prior to Parade Preview Use the floorplan (see next page) to see which will cover principles that make major impacts on the location is best for you. Contact Jamie Elliott at “health”of a home. Let your workers hear Lstiburek the SIBA office to reserve your space! explain the reasons for effective flashing, or housewrap, and they’ll grasp the importance of proper installation. BOOK YOUR EXHIBIT SPACE TODAY! All contractors who attend will also understandmprod- ucts better, and make better choices for the materials - The exhibit fees are $400 per 10x10 booth; and they select in the building process. Lstiburek will lead $220 for a table-only (9x5) space. See details on the group of contractors through identifying causes of floorplan for booth dimensions, etc. To reserve costly problems, and implementing methods to correct your space, completed contracts are required to be them affordably. Lstiburek will provide intriguing issues accompanied by payment. See Cancellation Policy through his own experience of handling common in contract. SIBA accepts checks and credit card problems, as well as one-of-a-kind quandaries. payments. Contracts can be found online at www. **Register to attend using the form on page 8. SIBAonline.org or at the SIBA Office.
BUILDERS - YOUR Parade Home can be featured on the Parade Magazine Cover! Parade Builders that attend the Preview have a special opportunity to participate in the Parade Magazine Cover photo auction! The highest bidder will earn the right to have a past Parade Home of theirs featured on the COVER of the 2020 Parade of Homes Magazine. Home photo will include company name. You MUST be present to participate in this auction. Don’t miss your chance to take advantage of this high profile advertising opportunity! ACTION NEWS NOVEMBER 2020 EDITION Page 7 Parade Preview - January 12, 2021 Joe Lstiburek Seminar 8:30a-4:30p Exhibits 5-7p Escalator
38 39 40 41
33 37 36 35 34
6 5 4
7 3 3 34
8 10 11 2
9 13 12 1 3131
1 32 FOOD 98 feet
30 SPECS: (feet) FOOD
1-25 : 10x10 - $400 BAR 27-41 : 9x5 - $220
Add a tabletop 22 29 during Lstiburek 14 23 24
seminar: registration $300 27 or $200 with 21 28 purchase of Parade 15 26 25 Preview exhibit space 20
16 BAR 47’x98’ entire Walnut Room 8.5’ walkways btw STAGE booths inside 19
Podium 18
walnut room A/V table 47 feet 47 Page 8 NOVEMBER 2020 EDITION ACTION NEWS Building Science Seminar Instructor: Joe Lstiburek Tuesday, January 12th, 2021 Tropicana Evansville Riverfront Pavilion Residential Building Science: 8:30am-11:30am Commercial Building Science: 1:00pm-4:00pm Please place a check mark next to your selection.
Seminar Attendee: SIBA Member - $175 includes both sessions and lunch NON Member - $375 includes both sessions and lunch WHO SHOULD ATTEND: Builders, Remodelers, HVAC Contractors, Insulation contractors, Window and Door reps, Architects, Engineers, Home Inspectors
The full-day workshop in Evansville will cover principles that make major impacts on the “health” of a home. Let your workers hear Lstiburek explain the reasons for effective flashing, or housewrap, and they’ll grasp the importance of proper installation. All contractors who attend will also understand products better, and make better choices for the materials they select in the building process. Lstiburek will lead the group of contractors through identifying causes of costly problems, and implementing methods to correct them affordably. Lstiburek will provide intriguing issues through his own experience of handling common problems, as well as one- of-a-kind quandaries.
Company:______
Registrant 1 Name:______
Registrant 2 Name:______
Registrant 3 Name:______
Registrant 4 Name:______
Email:______
Signature:______
Date: ______TOTAL: $______Return forms to Jamie A. Elliott at the Southwestern Indiana Builders Association MAIL TO: 2175 N. Cullen Avenue Evansville, IN 47715 EMAIL: [email protected] FAX: 812-479-6340 ACTION NEWS NOVEMBER 2020 EDITION Page 9 SPONSORSHIPS Building Science Seminar Instructor: Joe Lstiburek Tuesday, January 12th, 2021 Tropicana Evansville, Riverfront Pavilion
Please place a check mark by the sponsorship that best suits your company.
GOLD SPONSOR: $2,500 BRONZE SPONSOR: $250 Up to 5 minutes of podium time prior to seminar Logo on PowerPoint during breaks & lunch Table top space at seminar Listed on group sign next to registration table Opportunity to place items on tables Mention in January SIBA Newsletter Logo on footer of all seminar email blasts Logo on PowerPoint during breaks & lunch 1/2 page ad in January SIBA Newsletter 2 attendees at seminar
LUNCH SPONSOR: $100 SILVER SPONSOR: $500 Logo on PowerPoint during lunch Logo on PowerPoint during breaks & lunch Signage with logo on tables Listed on group sign next to registration table Logo on sign near stage Mention in January SIBA Newsletter Sponsor MUST submit high resolution logo to Jamie Elliott at [email protected]
Company:______
Name:______
Email:______
Signature:______
Date: ______TOTAL: $______
Return forms to Jamie A. Elliott at the Southwestern Indiana Builders Association MAIL TO: 2175 N. Cullen Avenue Evansville, IN 47715 EMAIL: [email protected] FAX: 812-479-6340 Page 10 NOVEMBER 2020 EDITION ACTION NEWS It’s Time to Renew Your Membership! Happy Anniversary! Thank you to the companies below for being a SIBA Member. Contact the SIBA Office to renew at 812-479-6026 or email Bill at [email protected] 5 Star Security Systems Myers Landscaping Banterra Bank Sherwin Williams Benjamin Moore & Co Spurling Properties Bobcat of Evansville Tri-State Insurance Group Coronado Stone Tri-State Restoration Dal Tile Evansville Blinds & Shutters Thank you for renewing your membership: Elliott’s Excavating L.E. Raley Electric Co., Inc. Logan Lavelle Hunt Ins. Agency Kattmann Construction, Inc. BWS Residential Homes by Eagle Construction Evansville Tile Distributors JRI Woodworks John Elpers Homes Foreman Watson Land Title Brian Stevens Homes, Inc. Phil Kost Construction RWS Insulation Services LLC Don Dubord Homes, Inc. Reinbrecht Homes Goodman Distribution Swat Pest Kight Lumber L&W Supply Truss Systems, Inc. Conti Homes LLC JBI Construction Inc Louisville Tile Distrs. Inc. John Mattingly Homes Keller Williams Realty King’s Great Buys Plus Exquisite Homes LLC Viable Home Energy, LLC Complete Electric Bill Egli Concrete Construction, F & S Plumbing, LLC Evansville Courier Co.
Membership Meeting! Tuesday, November 10 5pm at Tropicana
1315 W. Columbia PROGRAM: Evansville, IN 47710 Rick Wajda CEO, IN Builders Assoc. We're not comfortable until you are. RSVP to [email protected] (812) 423-0056 ACTION NEWS NOVEMBER 2020 EDITION Page 11
AREA’S LARGEST SHOWROOM
Cabinets • Countertops Windows • Doors • Appliances
Green River & Morgan : Eastland Shoppes 812.227.6645 l inspiredesigncenter.com Live Beautifully
BUILDER INCENTIVE PROGRAM
Your Reward. Your Choice. Ask your Niehaus Lumber salesperson for more information today!
13020 Hwy 57 • Evansville, IN 47725 • (812) 474-6655 • niehauslumber.com Page 12 NOVEMBER 2020 EDITION ACTION NEWS SIBA MEMBERS TO ELECT BOARD OF DIRECTORS FOR 2021 Congratulations to Eric Feagley for his recent election as President of the Southwestern Indiana Builders Association. Eric Feagley, Niehaus Lumber, has been an active SIBA member for several years. Eric has been heavily involved in SIBAs membership meeting, Board of Directors, and has served as SIBA’s Vice President in 2020. As President in 2021, Feagley will serve as Chairman of the board and spokesman for the Association. As per the SIBA bylaws, the board elects the officers, and the membership elects the board of directors. The November 10th membership meeting will include an election for the 2021 board of directors, and the slate of nominations will be sent to all members with voting instructions. All SIBA officers were elected by the SIBA Board. CONGRATULATIONS TO: Eric Feagley, Niehaus Lumber: 2021 SIBA President Cougar Martin, Martin Bros. Construction: 2021 SIBA Vice President MacKensey Mayer, ETFCU: Secretary Matt Merkel, Old National Bank: Treasurer Jon Elpers, GEN 3 Contracting: Immediate Past President UP FOR ELECTION ARE THE FOLLOWING: BUILDER MEMBERS (7) ASSOCIATE MEMBERS (5) Jonah Becher, Becher Brothers Construction Damon Barnett, Barnett and Associates Mike Conti, Conti Homes Scott Bowman, BMB., Inc. Cody Elpers, Elpers Bros., Inc. Rochelle Fichter, Illuminating Expressions Dave Finnerty, David Finnerty Interiors, Inc. Sean Miller, Benthall Bros., Inc. Jeff Lancaster, Exquisite Homes Brad VanBibber, Vectren Jeremy Mattingly, John Mattingly Homes Chris Miller, Barrington Custom Homes
(812) 476-1315
Benthall Bros., Inc. 424-0413 - Since 1943 - DISTRIBUTORS OF home theater rooms FINE BUILDING PRODUCTS audio/video • Andersen Windows & Doors structured wiring • Silverline & Simonton For industry updates: lighting control Vinyl Windows control systems • Centurion Stone Veneer Subscribe to security systems (supply or install) • CHI Overhead Garage Doors NAHBNow • Insulated Entry Doors (steel, fiberglass, wood) phone 812.306.5544 fax 812.473.8771 • Exterior Sidings & Trim www.EvansvilleHomeTheater.com (many shapes & colors) NAHB.org ACTION NEWS NOVEMBER 2020 EDITION Page 13
NEW MEMBERS! Applications from 2020 Membership Drive Company Contact Address City Phone Sponsor
Modern Structure Mark Mayfield 11101 Forest Edge Rd Evansville 812-306-8438 Eric Feagley SNC Construction Ross Sutton & Jason Cox 13703 N Green River Rd Evansville 812-483-1841 Eric Feagley
Lockyear Law Krista Lockyear PO Box 1345 Evansville 812-962-6690 Kenny Reinbrecht Louisville Tile JT Wenger 1417 N Cullen Ave Evansville 812-473-0137 Kenny Reinbrecht Perfect Climate Solutions Pat Gick 402 W. Elm Street Haubstadt 812-768-6161 Kenny Reinbrecht Utility Supply Co Brad Stork 6310 S Harding Street Indianapolis 800-662-0829 Scott Bowman Springs Valley Bank y & Trust p Co , Emily Rexing PO Box 830 Jasper 812-634-1010 Kenny Reinbrecht Inc. Stacy Stevens 915 Main Street #201 Evansville 812-474-9814 Eric Feagley Knepp Builders Jason Knepp 7358 E 500 N Montgomery 812-444-9676 Matt Reinbrecht Graber Interiors Steve Graber 8870 E 875 North Odon 812-709-9463 Matt Reinbrecht Marx Concrete, Inc. Travis Marx 14616 Martin Station Rd Evansville 812-963-8037 Matt Reinbrecht Naas, LLC Amanda Concey 2267 W SR 68 Haubstadt 812-768-6450 Kenny Reinbrecht Kemper Concrete, Inc. Brady Kemper 2133 McDowell Rd Evansville 812-499-9228 Matt Reinbrecht Kemper CPA Group, LLP Greg Newman 7200 Eagle Crest Blvd Evansville 812-421-8000 Jon Elpers Schaef-Air Htg & Cooling Jeremy Schaefer 2460 Stringtown Rd Evansville 812-550-0698 Jeremy Mattingly Tri-State Stone of Eville Rick Rettle PO Box 5086 Evansville 812-499-6483 Donnie Denton American Window and Glass Chris Melton 2715 Lunch Road Evansville 812-464-9400 Cougar Martin Mike Crowell Construction, LLC Mike Crowell PO Box 5513 Evansville 812-858-1569 Jeremy Mattingly Guttertech, Inc. Mike Collins 602 Atkinson Street Henderson 270-826-4653 Jeremy Mattingly ZEB Solar Kyle Lamichhane 2800 Lynch Rd, Suite B Evansville 844-658-8604 Cougar Martin R&J Construction Robert Graber 10531 N 775 E Odon 812-486-8493 Kenny Reinbrecht Wampler's Final Touch Jay and Kim Wampler 2400 Union Drive Newburgh 812-205-7598 Donnie Denton K Fields Konstruction Kim Fields 7116 Wright Drive Evansville 812-305-6888 Donnie Denton Cannon Concrete Services Rob Ulrey 6244 Magnolia Drive Newburgh 812-457-5935 Jeremy Mattingly
Each new member sponsor will be included in a reverse drawing at the November 10th Membership Meeting. The last name drawn will win $500 cash! Page 14 NOVEMBER 2020 EDITION ACTION NEWS
The Legal Guidance for Paycheck Protection Program Language Fund Recipients Regarding Change of by Matt Rusk Business Ownership Kahn, Dees should be aggregated in the application to the PPP Lender, Donovan calculating whether the 20% and establishes an interest- & Kahn LLP common stock threshold has bearing escrow account controlled been met. Before the closing by the PPP Lender with an amount of any change of ownership of funds equal to the outstanding The Small Business transaction as described above, balance of the PPP Loan. Administration (“SBA”) released the PPP borrower should notify its An asset sale or transaction of guidance for businesses that lender in writing of the transaction 50% or more of the PPP Borrower’s have received funds under the along with copies of the assets (measured by fair market Paycheck Protection Program proposed transaction documents. value) may be unilaterally (“PPP”) and are now considering Additional compliance steps approved by a PPP Lender if the or undergoing a change of depend on repayment and loan PPP Borrower has completed a ownership. The new Procedural status as of the time of the forgiveness application, submits Notice No. 5000-20057, released proposed transaction as follows: the application to the PPP Lender, on October 2, 2020, reduces SBA The Note is Satisfied and establishes an interest- oversight for many change of – No Restrictions bearing escrow account controlled ownership scenarios while also If, prior to closing the sale or by the PPP lender with an amount introducing a list of required steps transfer involving a change of of funds equal to the outstanding and compliance considerations ownership, the PPP borrower has balance of the PPP Loan. for changes in ownership. fully repaid the PPP Loan or the PPP In both the equity and asset The new rules provide expanded Loan has been forgiven, there will transactions described above, the guidelines for what types of be no SBA consent requirements escrow funds must be disbursed first notice or consent are required for surrounding the transaction. to repay any remaining PPP loan the various types of transactions The Note is Not Satisfied balance, plus interest, following involving a change of ownership. – Further Restrictions the SBA forgiveness process. The SBA defines a change of If, prior to closing the sale or SBA Approval Required ownership as a transaction transfer involving a change of Any change of ownership resulting in “(1) at least 20 ownership, the PPP Note is not transaction involving a PPP percent of the common stock or fully satisfied, the transaction will Borrower that does not satisfy the other ownership interest of a PPP be subject to either SBA or Lender requirements described above borrower (including a publicly approval depending on the nature will require prior SBA approval. In traded entity) [being] sold or and details of the impacted order to obtain SBA prior approval, otherwise transferred, whether transaction as described below. a PPP Lender must submit a in one or more transactions, Lender Notice Required; request to the appropriate SBA including to an affiliate or an SBA Approval Not Required Loan Servicing Center with existing owner of the entity, (2) An equity transaction or the following information: the PPP borrower [selling] or merger may be unilaterally 1 The reason why the PPP otherwise [transferring] at least approved by a PPP Lender if the Borrower cannot (a) take 50 percent of its assets (measured transaction either (1) involves necessary actions to satisfy the by fair market value), whether in the sale or transfer of 50% or PPP Loan or (b) escrow funds as one or more transactions, or (3) less of common stock or other a PPP borrower [being] merged interest of the PPP borrower or with or into another entity.” (2) the PPP Borrower completes Any sale or transfer of ownership a forgiveness application, submits occurring post-PPP Loan approval ACTION NEWS NOVEMBER 2020 EDITION Page 15 required, and provide a determination recipient considering a change 2 Details of the requested within 60 calendar days. of ownership transaction. Please transaction, Considerations for All contact your KDDK attorney 3 A copy of the executed PPP Changes of Ownership or any member of the KDDK Note, These new guidelines also business law team for additional 4 Any letter of intent and provide an important reminder to information and guidance on the the purchase or sale agreement all PPP Borrowers considering or CARES Act or any related matter. detailing the responsibilities undergoing a change of ownership of the PPP Borrower, seller (if transaction that, following any different from PPP Borrower), of the transactions described and buyer, above, the PPP Borrower will 5 Whether the buyer has an remain subject to all PPP Loan existing PPP loan and PPP loan obligations, certifications, and number if applicable, and will otherwise be required to 6 A list of the owners of 20% comply with all other applicable or more of the potential buyer. SBA rules regarding the PPP Loan. PLEASE NOTE: The content The SBA may require If any new owners already of this article is intended for additional risk mitigation have a separate PPP loan in general information purposes measures as a condition of its place, they will be required to only and does not and is not approval of any transaction. If a segregate and delineate the PPP intended to constitute legal transaction involves the sale of Loan expenses and use, along advice on any particular 50% or more of assets of a PPP with supporting documentation, matter. Please contact your Borrower, SBA approval will be in order to demonstrate legal counsel for additional conditioned on the purchasing compliance with PPP Loan information and individualized entity assuming all obligations requirements and obligations guidance regarding how under the PPP loan, including with respect to both PPP Loans. laws or decisions discussed responsibility for compliance Keeping SBA compliance herein apply to your specific with PPP Loan terms. Following issues in mind should remain a circumstances. This article may the receipt of SBA approval top priority for any Paycheck be considered ADVERTISING documents, the SBA will review Protection Program Loan
SIBA’s Kenny Reinbrecht (left) presented a contribution to Congressman Larry Bucshon (right) on behalf of SIBA, IBA and NAHB. Much of the funds were raised by IBA at a golf outing at Victoria National, sponsored by Trent Hunt. Reinbrecht thanked the Congressman for emphasizing home building’s vital role in the nation’s economy. Page 16 NOVEMBER 2020 EDITION ACTION NEWS 1 SIBA Sp ke Club Members D.G. Asay 32 SUPER SPIKES Heidorn Construction (250-499) (as of 09/30/2020) Chris Scholz 29 Scholz Drywall & Interiors, Inc. Tommy Thompson 329 GREEN SPIKES Ann-Marie Schapker 28 Thompson Homes, Inc. Vectren Ron Dauby 312 (50-99) Bruce Miller 27 Dauby Construction Brad Killebrew 98 Barrington Development Trent Hunt 273 Killebrew Brick, Inc. Kenny Elpers 27 Logan Lavelle Hunt Ins. Agency Marc Berridge 84 Elpers Development, Inc. Steve Heidorn, CGR CGB CAPS 265 Lowe’s Home Centers Jon Newcomb 25 Heidorn Construction, Inc. Mike Frank 84 FC Tucker Emge Realtors Alan Bosma, CGB CGR 261 Insulpro, Inc. Bill Kattmann 25 Homes by Alan Bosma Shane Clements 79 Kattmann Construction Brad Sterchi 257 Homes by Eagle Sterchi Homes Corporation Dick Zirkle 68 Benthall Brothers, Inc. Nick Thompson 67 BLUE SPIKES ROYAL SPIKES Thompson Homes Inc. (6-24) Sean Miller 66 (150-249) Benthall Bros. Donnie Denton 20 Walt VanZilen 61 Denton Homes Scott Jagoe 246 Scott Bowman 19 Jagoe Homes, Inc. Selective Homes by Chad & Dad BMB, Inc. Matthew Purcell 57 Ron McGillem 219 Judy Dauby 18 Owensboro Insulators R.A. McGillem Custom Homes Dauby Construction Aaron Miller 57 Sandy Smith Jones 206 Shannon Frank 18 Barrington Development Group Kahn, Dees, Donovan, & Kahn Sandy Smith Builder, Inc. Brian Murphy 53 Donald Dubord 13 Bill Badger, Sr. 197 Murphy Homes, Inc. Don Dubord homes Badger Construction, Inc. Chris Combs 51 Eric Feagley 12 C. Frank Scholz 165 CAC Custom Homes Niehaus Lumber Scholz Drywall & Interiors, Inc. Matt Reinbrecht 51 Jonathan Elpers 12 GEN 3 Contracting Jeff Hatfield 154 Reinbrecht Homes Core Contractors Michelle Ferrero 11 Ferguson Enterprises Damien Scheessele 150 John Mattingly 10 Scheessele & Sons Construction John Mattingly Homes Inc LIFE SPIKES Mike Freeman 10 M.C.F. Construction RED SPIKES (25-49) Jeremy Ward 10 Coronado Stone (100-149) John Graupner 47 Chuck Murphy 10 Lowe’s Home Centers Murphy Homes Kenny Reinbrecht 137 Jeffery Corbett 41 Jimmy Schiff 10 Reinbrecht Homes Classic Truss and Wood Components Schiff Heating and Air Mike Zehner, CGB GMB 131 Mark Hansen 37 Ty Swisher 8 Zehner Contracting LLC K-I Lumber and Building Materials Banterra Bank John Elpers 129 Ted Ubelhor 37 Brian Stevens 8 John Elpers Homes German American Bank Brian Stevens Homes, Inc. Jennifer Mitchell 36 Jeffrey Cravens 7 Jeff Happe 122 Cravens Construction, Inc Happe & Sons Construction Niehaus Lumber Corey Hirsch 7 Rick Schapker 33 Hirsch Custom Homes Pella Windows & Doors Jerry Nord 6 Robbie Sears 32 Nord Enterprises Vectren Blue Spikes must recruit two spikes per year Keith Scheessele 32 until they reach Life Spike status (25 Spikes) in Scheessele & Sons Construction order to remain in the NAHB Spike Club. ACTION NEWS NOVEMBER 2020 EDITION Page 17
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Action Prgm of EVV Public Ed Foundation of Ev Archer Insurance B M B, Inc Comfort Homes R A McGillem Custom Homes Community One Barnett & Associates R J C Inc Bayer’s Plumbing Inc Conti Homes LLC Rahman Homes Ben Miller Consulting Core Contractors, Inc Reinbrecht Homes Benjamin Moore & Co. Corne Construction, LLC S.K. Briscoe Development LLC Benthall Bros Inc D & M Construction Inc Scheessele & Sons Construction Beuligmann Heating and Air, LLC Danco Construction Inc Selective Homes by Chad & Dad Bill Egli Concrete Construction Dauby Construction Inc Sterchi Homes Corporation Blackwell Drywall Inc David Finnerty Interiors The Oakridge Group Blinds Etc. Denton Construction, LLC Thompson Homes Inc Boonville Natural Gas Denton Homes, Inc Wunderlich Carpentry Inc Brandeis Machinery Brian’s Concrete Supplies, Inc. Don Dubord Homes Inc Zehner Contracting, LLC Elpers Development Inc Budget Blinds of Newburgh Bufco Electric Exquisite Homes LLC Cabinets and Counters GEN 3 Contracting Capital One Goebel Realty & Development Carpets Unlimited Haas Homes Inc Cash Waggner & Associates PC Habitat of Evansville Inc Certified Floor Covering Happe & Sons Construction Chapman Construction Heidorn Construction Inc Chastain Excavating Hinderliter Construction, Inc. SIBA Booster Sponsors: Classic Truss & Wood Components Hirsch Custom Homes CLEAResult Homes by Eagle LUX Motors Commerce Bank Homes by Robert Cook Complete Electric Concrete Supply, LLC Jagoe Homes Inc Custom Cabinets & Furniture, LLC JBI Construction, Inc. DBR Nationwide JOB Diversified Devine Custom Painting John Elpers Homes These are the companies DL Granite John Mattingly Homes Inc who support the Don Koester Masonry Inc JRI Woodworks Edwards Concrete Construction Kattmann Construction Inc Association supporting Elliott’s Excavating Kinney Realty and Development your industry! Show ERA First Advantage Realty Inc Leosons Inc them your support Evansville Courier and Press M & S Construction Evansville Deck and Fence Maken Corporation by giving them your Evansville Garage Doors, Inc. Evansville Teachers F.C.U. Martin Brothers & Co Inc business!! Evansville Tile Distributors MCF Construction Inc Evansville WinSupply, Inc. ACTION NEWS NOVEMBER 2020 EDITION Page 19 MEMBERSHIP ROSTER ASSOCIATES continued... Lea Matthews Furniture & Int Spindler Law F C Tucker Emge Realtors Leisure Distributors/Bassemier’s Sugarbaker’s Home Fashions F&S Plumbing Lensing Building Specialties Swat Pest Manaagment Fehrenbacher Cabinets Inc Lin-Gas Inc T.E.C. Consulting Engineers Ferguson Enterprises Inc Lockyear Law, LLC ThermalCell Insulation LLC Fetter Properties Management, Inc Lockyear Title LLC Trane Field and Main Bank Logan Lavelle Hunt Ins Agency Tri Corp Decking Siding, & Fencing Fifth Third Bank-Mortgage Louisville Tile Distributors Inc Tri-State Insurance Group First Bank Lowe’s Home Centers - Henderson Truss Systems Inc First Federal Savings Bank Matt’s Precision Drywall Inc Twisted Tube Fabworks Foreman Watson Land Title Metzger Construction Co Inc Uebelhor and Sons Foundation Building Materials, LLC Meuth Carpet Supply United Bank Foxxx Pools of Evansville, Inc. Meuth Construction Supply, Inc. United Dynamics, Inc. Freeman, Will, Niemeier & Heston Meyer Truck Equipment VECTREN Gabe Mehringer Plumbing Inc Michael J Couch Lndscpg & Irrig. Vertical Tile Inc. GAF Materials Corporation Midwest Communications Viable Home Energy, LLC General Shale Products Corp Miller Block & Brick Co Vieira Brothers Excavating German American Bank Mitchell Trucking & Excavating Vowells and Schaaf, LLP Goodman Distribution Morley Water Furnace International Greer’s Flooring America Morton Solar & Wind, LLC Window Mart Grooms Exteriors Inc Mr. Fence, Inc. Winiger Electric Hahn Bros Drywall Corporation Mulzer Crushed Stone Harding, Shymanski & Co. Nenneker Electric Service Inc Head’s Electric Inc Nick’s Residential Electric LLC Heathcotte & Weinzapfel LLC Niehaus Construction LLC Heritage Federal Credit Union Niehaus Lumber Co, Inc. Home Design Group Old National Bank Horizon Contracting Inc. Overton & Sons Concrete LLC Hornbeck Concrete Services Inc Owensboro Insulators Hydromax Paragon Sight, Sound & Security BUILDER Illuminating Expressions Parker Excavating, LLC IMI - Irving Materials Inc Pella Windows & Doors REBATES Integrity Insurance Advisors, LLC Peoples Trust and Savings Bank SIBA contractors are pocketing extra Interstate Stone Supply Inc Perfect Climate Solutions money in the IBA Rebates program. J & D Wagler Contruction LLC Plumbers Supply In this program, manufacturers are James Hardie Building Products ProSource Whls Floor Coverings rewarding builders and remodelers Jerry David Enterprises, Inc. Quest 4 Electronics for installing selected products for Johnson Plumbing Ray’s Heating & AC Inc building and remodeling projects. RE/MAX Revolution Kahn, Dees, Donovan & Kahn, LLP Reporting has been streamlined, Keller Williams Realty Reinbrecht Flooring Republic Services of Evansville and receipts aren’t needed for Kenny Kent Chevrolet most products. It’s so simple K-I Lumber & Building Materials Ruoff Home Mortgage and the money really adds up Kight Lumber Co Inc RWS Insulation Services Killebrew Brick S&M Precast Inc. quickly - - some are getting paid Kings Great Buys Plus Schenk Inc. more than their dues. Others are KMI LLC Schiff Air Cond & Heating Inc getting over $1,400 each year! Koberstein Rental & Sales, Inc. Scholz Drywall & Interiors Inc Koch Air LLC Service Glass Inc Kraft Nursery Inc Sherwin Williams L & W Supply Slay’s Restoration L.E. Raley Electric Co, Inc. Southwestern Indiana Land Title Lappe Heating & Air Inc Spectrum a Shepherd partner
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