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5.18.17 MEETING MINUTES THE CITY OF CARMEL LOCAL PUBLIC IMPROVEMENT BOND BANK MEETING MINUTES Tuesday, May 18, 2017—3:00 P.M. Department of Community Services Conference Room One Civic Square BOARD MEMBERS PRESENT Anna Stout,Raju Chinthala,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; Ann Bingman,Clerk-Treasurer's Office,City of Carmel; Greg Clark,Mesirow and PNC Bank. Christine S.Pauley,Clerk Treasurer of the City of Carmel,called the special meeting to order at 3:00 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 March 14,2016. 2. The Clerk-Treasurer's Office discussed the selection process of the underwriters for the upcoming bond transactions and introduced Mr.Clark from Mesirow. 3. Ms.Meyer gave a presentation regarding an overview of the Midtown South and Midtown West Projects.She also discussed the financing plan and schedule as well as disclosure documents. 4. A resolution authorizing the issuance of bonds to finance Midtown South and Midtown West projects was passed by the Board Members. (Raju Chinthala abstained from voting.) 5. The Clerk-Treasurer's Office proposed an increase to the Bond Bank Administration Fee from.04%to.06%for the upcoming bond issuances. A vote was taken and the Board unanimously passed a motion to approve the increase. 6. Ms.Matthes discussed the Umbaugh engagement letter. 7. Ms.Bingman provided an update as to the status of the Bond Bank Audit and Debt Policy. OTHER BUSINESS None ANNOUNCEMENTS None ADJOURNMENT There being no further business to come before the Board,the meeting was adjourned at approximately 4:25 p.m. APPROVED Approved and adopted this 1st day of June,2017,in Carmel, Indiana. THE CITY OF CARMEL LOCAL PUBLIC IMPROVEMENT BOND BAN -j Anna Stout,Chair Jarvis Jointer,Vice-Chair John Zuler Fr. r bercr•mbi_ iY r Raju Chinthal ATTEST: Christine S.Pauley,Clerk-Treasurer