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3.14.17 MEETING MINUTES THE CITY OF CARMEL LOCAL PUBLIC IMPROVEMENT BOND BANK MEETING MINUTES Tuesday, March 14, 2017—6:00 P.M. Department of Community Services Conference Room One Civic Square BOARD MEMBERS PRESENT Anna Stout,Jarvis Jointer,John Schuler and Frank Abercrombie OTHERS PRESENT Christine Pauley,Executive Director of the Bond Bank and Clerk-Treasurer of the City of Carmel; Bruce Donaldson of Barnes& Thornburg LLP,Loren Matthes and Andy Mouser of H.J. Umbaugh&Associates,Corrie Meyer,Executive Director of the Carmel Redevelopment Corporation,and Ann Bingman,Clerk Treasurer's Office,City of Carmel. Christine S.Pauley,Clerk Treasurer of the City of Carmel,called the meeting to order at 6:00 p.m.and recognized a quorum of the Board present. OLD BUSINESS None NEW BUSINESS 1. Consideration of the minutes of the Bond Bank Board meeting held on September 19,2016. 2. Vote was taken to elect Chairman and Vice Chairman of the City of Carmel Local Public Improvement Bond Bank for calendar year 2017. Election of Ms.Anna Stout,Chairman and Jarvis Jointer,Vice Chairman. 3. Ms.Matthes discussed the process for establishing a Debt policy for the Carmel Bond Bank and members were selected for the working group that will assist with the development. 4. Ms.Pauley discussed possible options regarding the creation of a Carmel Bond Bank Seal. 5. Ms.Pauley and the board members discussed and finalized the following dates for board meetings:May 18,2017; June 1,2017; September 7,2017; December 7,2017 and January 11,2018. OTHER BUSINESS 1. Ms.Meyer discussed the project agreements associated with the Taxable Special Program Bonds,Series 2017A (Midtown West and Midtown South Projects)debt issuance. Ms.Matthes discussed the tentative security structure associated with the issuance. 2. Ms.Bingman provided an update regarding the draft financial statements for fiscal year end 2016 and the audit of the Carmel Bond Bank. ANNOUNCEMENTS None ADJOURNMENT There being no further business to come before the Board,the meeting was adjourned at approximately 7:50 p.m. APPROVED Approved and adopted this 186 day of May,2017,in Carmel,Indiana. THE CITY OF CARMEL LOCAL PUBLI IMPROVEMENT BOND BANK A Anna Stout,Chair • Jar 's Jointer,Vice-Chair .----A John Sh.u1 d. F ank Abercrombie /24°j- T Raju Chinthala ATTEST: Christine S.Pauley,Clerk-Treasurer