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Clerk-Treasurer COMMON COUNCIL
MEETING AGENDA
MONDAY, AUGUST 4, 2014 - 6:00 P.M.
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE
MEETING CALLED TO ORDER
1. INVOCATION
2. PLEDGE OF ALLEGIANCE
3. RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS
4. APPROVAL OF MINUTES
a. July 21, 2014 Regular Meeting
5. RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL
6. COUNCIL, MAYORAL AND CLERK-TREASURER COMMENTS/OBSERVATIONS
7. ACTION ON MAYORAL VETOES
8. CLAIMS
a. Payroll - $1,477,732.03
b. General Claims - $2,110,130.86
c. Retirement - $89,957.35
9. COMMITTEE REPORTS
a. Finance, Administration and Rules Committee
b. Land Use, Annexation and Economic Development Committee
c. Parks, Recreation and Arts Committee
d. Utilities, Transportation and Public Safety Committee
e. Report from the Carmel Redevelopment Commission
ONE CIVIC SQUARE CARMEL,INDIANA 46032 317/571-2414
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10. OLD BUSINESS
a. Second Reading of Ordinance D-2175-14; An Ordinance of the Common Council of the
City of Cannel, Indiana, Authorizing the Issuance of the City of Cannel, Indiana
Economic Development Revenue Bonds, Series 2014 (Edward Rose Development Group,
LLC Project; not to exceed$11,500,000); Sponsor(s): Councilor(s) Snyder and Rider.
Sent to the Finance, Administration and Rules Committee (8/11/14).
b. Second Reading of Ordinance D-2177-14; An Ordinance of the Common Council of the
City of Cannel, Indiana, Approving an Amendment to Exhibit A of Ordinance D-1969-09,
As Amended; Sponsor(s): Councilor(s) Snyder, Seidensticker and Carter. Sent to the
Finance, Administration and Rules Committee(8/11/14).
11. PUBLIC HEARINGS
a. First Reading of Ordinance Z-590-14; An Ordinance of the Common Council of the
City of Cannel, Indiana, Establishing The Monon Lake (33.95 acres west of and adjacent
to the Monon Greenway, north of I-465 and east of and adjacent to 101St Street)Planned
Unit Development District; Sponsor: Councilor Rider.
12. NEW BUSINESS
• a. First Reading of Ordinance D-2178-14; An Ordinance of the Common Council of the
City of Cannel, Indiana, Amending Chapter 3,Article 1, Division II, Section 3-23 (Voting
Requirements for Passage of Ordinances) of the Cannel City Code; Sponsor: Councilor
Rider.
b. First Reading of Ordinance D-2179-14; An Ordinance of the Common Council of the
City of Carmel, Indiana, Adding Subsections (53) and (54) to Chapter 8, Article 5, Section
8-47(a) (No Parking Areas) of the Carmel City Code; Sponsor(s): Councilor(s)Finkam
and Snyder.
c. Resolution CC-08-04-14-01; A Resolution of the Common Council of the City of
Cannel, Indiana, Regarding the Approval of Sale of Real Property(7th Street NE and 2"d
Avenue NE)by the City of Cannel Redevelopment Commission; Sponsor(s): Councilor(s)
)
Finkam and Carter.
d. Resolution CC-08-04-14-02; A Resolution of the Common Council of the City of
Cannel, Indiana, Approving and Appointing the City's Storm Water Management
Department Head; Sponsor: Councilor Finkam.
13. OTHER BUSINESS
14. ANNOUNCEMENTS
15. EXECUTION OF DOCUMENT
16. ADJOURNMENT
08/04/14 CC Meeting Agenda
2
1.
i
COMMON COUNCIL
MEETING MINUTES
MONDAY, AUGUST 4, 2014 - 6:00 P.M.
COUNCIL CHAMBERS/CITY HALL/ONE CIVIC SQUARE
MEMBERS PRESENT:
Mayor James Brainard, Council President W. Eric Seidensticker, Council Members Sue Finkam,
Richard L. Sharp, Luci Snyder, Ronald E. Carter, Kevin D. Rider, Clerk-Treasurer Diana L. Cordray
and Deputy Clerk Lois Craig.
Councilor Schleif was not in attendance.
Mayor Brainard called the meeting to order at 6:01 p.m.
Pastor Tom Abbett, Christ Church of Glory, pronounced the Invocation.
Mayor Brainard led the Pledge of Allegiance.
RECOGNITION OF CITY EMPLOYEES AND OUTSTANDING CITIZENS:
There were none.
APPROVAL OF MINUTES:
Councilor Sharp made a motion to approve minutes from the July 21, 2014 Regular Meeting. Councilor
Snyder seconded. There was no Council discussion. Council President Seidensticker called for the
vote. Minutes were approved 6-0.
RECOGNITION OF PERSONS WHO WISH TO ADDRESS THE COUNCIL:
Bob Wallace addressed the Council regarding the City's finances (Attachment 1).
COUNCIL,MAYORAL AND CLERK-TREASURER COMMENTS/OBSERVATIONS:
Councilor Finkam congratulated the Carmel Clay schools for their recent ISTEP scores and also
recognized the Carmel Women's Swim Club first for their place finish in Junior Nationals.
Councilor Snyder addressed the Council regarding the Hamilton County Humane Society.
Mayor Brainard addressed Mr. Wallace's comments.
Councilor Sharp addressed Mayor Brainard.
Councilor Rider addressed Councilor Sharp and Mayor Brainard.
1
ACTION ON MAYORAL VETOES:
There were none.
CLAIMS:
Councilor Snyder made a motion to approve payroll in the amount of$1,477,732.03, general claims in
the amount of$2,110,130.86 and retirement in the amount of$89,957.35. Councilor Sharp seconded.
There was no Council discussion. Council President Seidensticker called for the vote. Payroll, Claims
and Retirement were approved 6-0.
COMMITTEE REPORTS:
Councilor Snyder reported that the Finance, Administration and Rules Committee had not met. The
next meeting will be held on Monday, August 11, 2014 at 5:00 p.m.
Councilor Sharp reported that the Land Use, Annexation and Economic Development Committee had
not met. The next meeting will be held on Tuesday, August 26, 2014 at 5:30 p.m.
Councilor Carter reported that the Parks, Recreation and Arts Committee had not met.
Councilor Snyder reported that the Utilities, Transportation and Public Safety Committee had not met.
Dave Bowers, Council representative on the Carmel Redevelopment Commission,was available for
questions of the Council regarding the financial activities of the Carmel Redevelopment Commission.
There was brief Council discussion. Mayor Brainard addressed the Council.
OLD BUSINESS
Council President Seidensticker announced the Second Reading of Ordinance D-2175-14; An
Ordinance of the Common Council of the City of Carmel, Indiana, Authorizing the Issuance of the City
of Carmel, Indiana Economic Development Revenue Bonds, Series 2014 (Edward Rose Development
Group, LLCProject; not to exceed$11,500,000); Sponsor(s): Councilor(s) Snyder and Rider. Sent to
the Finance, Administration and Rules Committee(8/11/14). This item was not discussed.
Council President Seidensticker announced the Second Reading of Ordinance D-2177-14; An
Ordinance of the Common Council of the City of Carmel, Indiana,Approving an Amendment to Exhibit
A of Ordinance D-1969-09, As Amended; Sponsor(s): Councilor(s) Snyder, Seidensticker and Carter.
Sent to the Finance, Administration and Rules Committee (8/11/14). This item was not discussed.
PUBLIC HEARINGS
Council President Seidensticker announced the First Reading of Ordinance Z-590-14; An Ordinance
of the Common Council of the City of Carmel, Indiana, Establishing The Monon Lake (33.95 acres west
of and adjacent to the Monon Greenway, north of I-465 and east of and adjacent to 101 s`Street)Planned
Unit Development District. Councilor Rider made a motion to move this item into business. Councilor
Finkam seconded. Councilor Rider referred to Jim Shinaver, Attorney,Nelson&Frankenberger,
representing the petitioner, to present this item to the Council. There was no Council discussion.
Council President Seidensticker opened the Public Hearing at 7:01 p.m.
2
The following individuals addressed the Council in opposition to this item:
Linda Brennan—(Representing College Meadows and Marwood Trails)presented a power point
presentation.
Joshua Kirsch—Park Board appointee to the Plan Commission.
Seeing no one else who wished to speak, Council President Seidensticker closed the Public Hearing at
7:26 p.m. There was brief Council discussion. Council President Seidensticker referred Ordinance
Z-590-14 to the Land Use, Annexation and Economic Development Committee for further review and
consideration.
NEW BUSINESS
Council President Seidensticker announced the First Reading of Ordinance D-2178-14; An Ordinance
of the Common Council of the City of Carmel, Indiana, Amending Chapter 3,Article 1,Division II,
Section 3-23 (Voting Requirements for Passage of Ordinances) of the Carmel City Code. Councilor
Finkam made a motion to move this item into business. Councilor Rider seconded and presented this
item to the Council. There was no Council discussion. Council President Seidensticker referred
Ordinance D-2178-14 to the Finance, Administration and Rules Committee for further review and
consideration.
Council President Seidensticker announced the First Reading of Ordinance D-2179-14; An Ordinance
of the Common Council of the City of Carmel, Indiana, Adding Subsections (53) and (54)to Chapter 8,
Article 5, Section 8-47(a) (No Parking Areas) of the Cannel City Code. Councilor Snyder made a
motion to move this item into business. Councilor Rider seconded. Councilor Finkam presented this
item to the Council. Councilor Snyder made a motion to suspend the rules and not send this item to
committee and vote this evening. Councilor Finkam seconded. There was no Council discussion.
Council President Seidensticker called for the vote. The motion was approved 6-0. Councilor Finkam
made a motion to approve Ordinance D-2179-14. Councilor Carter seconded. There was no Council
discussion. Council President Seidensticker called for the vote. Ordinance D-2179-14 was adopted 6-0.
Council President Seidensticker announced Resolution CC-08-04-14-01; A Resolution of the Common
Council of the City of Cannel, Indiana, Regarding the Approval of Sale of Real Property(7th Street NE
and 2nd Avenue NE)by the City of Cannel Redevelopment Commission. Councilor Finkam made a
motion to move this item into business. Councilor Rider seconded. Councilor Finkam presented this
item to the Council. Corrie Meyer, Executive Director, Carmel Redevelopment Commission, addressed
the Council. Councilor Finkam made a motion to approve Resolution CC-08-04-14-01. Councilor
Carter seconded. There was brief Council discussion. Council President Seidensticker called for the
vote. Resolution CC-08-04-14-01 was adopted 6-0.
Council President Seidensticker announced Resolution CC-08-04-14-02; A Resolution of the Common
Council of the City of Cannel, Indiana, Approving and Appointing the City's Storm Water Management
Department Head. Councilor Sharp made a motion to move this item into business. Councilor Snyder
seconded. Councilor Finkam presented this item to the Council. There was brief Council discussion.
Mayor Brainard addressed the Council. Councilor Sharp made a motion to approve Resolution
CC-08-04-14-02. Councilor Carter seconded. There was no Council discussion. Council President
Seidensticker called for the vote. Resolution CC-08-04-14-02 was adopted 6-0.
3
OTHER BUSINESS
There was none.
ANNOUNCEMENTS
There were none.
EXECUTION OF DOCUMENT
ADJOURNMENT
Mayor Brainard adjourned the meeting at 7:45 p.m.
Respectfully submitted,
4/
0/ 4 ./ i,
Cler -Treasurer Diana L. Cordray,i A C
Approved,
I I .,lef,:fie_efz0
cwt
J es Brainard, Mayor
ATTEST:
/
i i I
Diana L. Cordray, IAMC, Clerk-Treasurer
1
08:04.14 CC.'Meeting Minutes
4
CARMEL REDEVELOPMENT COMMISSION
Carmel Redevelopment Commission
STRATEGIC HIGHLIGHTS
• HJ Umbaugh presented a 2014 Tax Increment Special Purpose Report at the July CRC meeting. The
presentation is attached.Council received digital and printed copies of the report on July 17,2014.
• Since April,the CRC has reduced its forecasted non-operating expenses by$500,000.
• Received bids for site work around the Mezz property.A contractor will be selected at an August
meeting.
FINANCIAL HIGHLIGHTS
June Beginning Balance $ 170,077
June Revenues $10,354,078
June Expenditures $ 293,482
June Ending Balance $10,930,674
OPERATING HIGHLIGHTS
• The Department of Redevelopment has hired a summer intern.The intern's primary
responsibilities has been to focus on asset inventory and file organization. She will complete her
work by the first part of August.
LOOKING AHEAD
• The CRC is seeking a mutual agreement sale price/package for the property located at 7th Street NE
and 2nd Avenue NE. Resolution CC-08-04-14-01 represents the proposed package.
• The CRC will be opening bids for the Nash site work in August.
• Construction should begin in August for both projects.
Corrie Meyer,AICP,RLA,LEED AP
Director
Carmel Redevelopment Commission/Department
July 25,2014
Prepared for David Bowers and Brad Meyer;:.'
;.,, :
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 11
FINANCIAL STATEMENT
Financial Statement
JUNE MONTH-END FINANCIAL BALANCE
Ending Balance without Restricted Funds $10,930,674
Ending Balance with Restricted Funds $12,233,671
SUMMARY OF CASH
For the Month Ending June 30,2014
DESCRIPTION ACTUAL BUDGET VARIANCE
Cash Balance 6/1/14
1101 Cash $160,384.14 $160,384.14 $-
1110 TIF 9,693.30 9,693.30 -
Total Cash $170,077.44 $170,077.44 $-
Receipts
1101 Cash $364,711.90 $479,473.00 $(114,761.10)
1110 TIF 10,689,365.84 6,489,842.50 4,199,523.34
Developer Payments - - -
Total Receipts $11,054,077.74 $6,969,315.50 $4,084,762.24
Disbursements
1101 Cash $146,462.07 $87,041.00 $(59,421.07)
1110 TIF 147,019.61 148,962.00 1,942.39
Total Disbursements $293,481.68 $236,003.00 $(57,478.68)
1101 Cash $378,633.97 $552,816.14 $(174,182.17)
1110 TIF 10,552,039.53 6,350,573.80 $4,201,465.73
Cash Balance 6/30/14 $10,930,673.50 $6,903,389.94 $4,027,283.56
Total Usable Funds $10,930,673.50 $6,903,389.94 $4,027,283.56
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 12
FINANCIAL STATEMENT
FUND BALANCES AND OUTSTANDING RECEIVABLES
As of June 30,2014
Restricted Funds
Energy Center Reserve $ 501,517
Civic Rent Reserve 801,481
Sub-total: 1.302,998
Cash (as seen in Summary of Cash table)
TIF 10,552,040
Operating 378,634
Sub-total: 10.930,674
Total Funds $12.233.671
Outstanding Receivables
Energy Consumption Payments(1) 28,101
Keystone Group(Bond Enhancement) 172,753
Total Outstanding Receivables $200.854
(1)Amounts due reflects months April—July 2014 for Office Building One
and months June—July 2014 for the Tarkington. REI Real Estate
Services,LLC acts as property manager on behalf of the CRC and collects
the Energy Consumption Payments to be forwarded to the CRC.
STATEMENT OF CHANGES IN EQUITY
MONTH END:JUNE 2014
DESCRIPTION REVENUE EXPENSES
Total Receipts(Non-Operating) $10,265,587
Total Receipts(Operating): $88,490
Expenditures(Non-Operating) $157,115
Expenditures(Operating) $136,367
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 13
FINANCIAL U -
DA E
' -
Financial Update
- - --_- - ^- __--
TIF REVENUE AND DEBT
As of the approved June budget,projected TIF Revenue was estimated at$17,532,007.
Bond debt payment were made iu June and ydy. Another payment will be made in December of 2014.
Below are the anticipated payments based on the June approved CRC budget
MONTH TOTAL _ _
June 2014 $ 484,228
-- - ---'-- ----`---'---` --`--'— - -` ----
July 2014 $8'%76i336
December 2014 $8,774,841
GOING CONCERN
The CRC is managing expenditures to maintain a balanced budget in anticipation of lower TIF Revenue.
TAKEAWAYS
• Month-end balance is positive.
• The updat d TIF report serves as a conservative fisca forecast for the CRC The CRC will continue
to operat fiscally responsible to manage its revenue and debt obligations. Staff is actively seeking
ways to increase its revenue to offset any future withdraws from its Supplemental Reserve Fund.
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 14
PROJECT UPDATES
Project Updates
CITY CENTER
• Developer Partner:Pedcor Companies
• Allocation Area:City Center
• Project Summary:
• Use:Mixed-Use
elTr Beene Dove
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Figure 1 City Center Master Plan,provided by Pedcor City Center Development Company
• Phase 1-complete
1) Apartments-Demand for apartment's remains strong which supports the occupancy and rental
rates. Current occupancy is at 99%.
2) Retail-Currently,Pedcor has leases on 91%of the total 79,570 in LSF. The remaining 9%(the old
Mangia,Holy Cow,&Sports Authority locations)of unleased space have future tenants for them,
and are working through the space planning process. Pedcor anticipates to be 100%leased by fall
of 2014.
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 15
PROJECT UPDATES
• Nash Building/Parcel 73
1) Project Status-under construction
a) The Nash underground parking garage is 90%complete and currently
on budget. The Nash Building roof has been completed and windows
are expected to be installed in the next few weeks. Framing and 4, : 1 k ft
electrical/plumbing rough in has started with the anticipation of �j 4.! �?
drywall install once the building is closed. Electric supply from Duke ' i
Energy is on a critical path. The project is on budget and remaining on
schedule,with an anticipated completion date of fall 2014.
Approximately half of the 9,000 sf of the retail space has been leased Provided by Pedcor City Center
with strong prospects for the remaining commercial space. Dev.Co.1
2) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Receiving bids on 7/28/14 Open bids in August
3) CRC Commitments
Provide streetscape along Rangeline Road.
a) Budget
Design/Engineering $5,000(majority of contract
pd.in 2013)
Construction $100,000
b) Design Consultant:American Structurepoint
c) CRC Commitment Schedule
Design%Complete 100%
Proposed Construction Start Date August 2014
Anticipated Project Completion October 2014
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 16
PROJECT UPDATES
• Phase 2
1) Project Status-designs are schematic and construction has not started.
a) Project initiation discussions are continuing between Pedcor and the CRC. Staff has been
meeting with Councilors independently to introduce a comprehensive approach for the
completion of City Center.
2) Proposed Construction/Use Sequence
PROJECT USE START DATE DESIGN RENDERINGS,
PROVIDED BY PEDCOR
Garage A three to four story parking structure with Fall 2014
East approximately 470 to 625 parking spaces, (garage only)
which will include up to approximately _. 1
1*
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28,000 square feet of luxury apartments (49 L•
i r", r3 in I 1/4:1'
and commercial retail/office space. t 1 9rla ` µki
Baldwin/ A four story building,of approximately Fall 2014
Chambers 64,000 square feet,which will include , q_If
luxury apartments and commercial I _
retail/office space. Pedcor is currently - - 7, a' •
working with four commercial businesses A L� b� i tl
who will occupy approximately 14,000 sf of
the commercial space.
Holland A five story building,of approximately Fall 2014
63,000 square feet,which will include
luxury apartments and commercial �� � � •
retail/office space. �H ao ' & IL -ter''
�.._f'rl ,sy�,��� mgt
Playfair A five story building,of approximately Fall 2015
63,000 square feet,which will include
luxury apartments and commercial
retail/office space.
Garage See Garage East note above. Fall 2015
Retail
Pedcor A two story building,of approximately Fall 2015
Office 5 20,000 to 25,000 square feet,which will ,
include office space.
i.c
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Foggsgrimfi
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 17
PROJECT UPDATES
Kent A three story building,of approximately Fall 2015
111,000 square feet of luxury apartments.
-'r•�3y'P^ i�
Wren A seven story building,of approximately Fall 2016
88,000 square feet,which will include
°
,�
luxury apartments and commercial --- iu
office/retail space. K;t c,. `
Windsor A four story building,of approximately Fall 2017
64,000 square feet,which will include
luxury apartments and commercial
office/retail space.
Eastern A building,of approximately 76,000 to Fall 2017
Motor 91,000 square feet,which will include
Court Site luxury apartments and commercial
office/retail space designed so that in the
future it could be in whole,or in part,
converted to hotel rooms and/or hotel
amenities.
Hotel A four story hotel,of approximately 44,000 TBD
square feet,which will include parking.
3) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
None at this time.
4) CRC Commitments
No commitments have been formalized.
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 18
PROJECT UPDATES
THE MEZZ/ MONON LOFTS
• Developer Partner:Anderson Birkla
• Allocation Area:City Center
• Project Summary:
• Use:Primary Residential. 42 residential units with 12,000 square feet of office.
• Total project budget:$7.7mm
• Secured Tenants:Fat Atom,Vocare,Anderson Birkla
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Figure 2 Image provided by Anderson Birkla
• Anticipated Project Schedule
Office Move In August,2014-Seeking 1St floor COM of Monon
Lofts building soon.
Residential Move In October,2014
Project complete December,2014
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 19
PROJECT UPDATES
• Mezz Building(3rd Avenue)
1) Project Status-under construction
a) Framing is complete.
b) MEPS-Plumbing under slab are complete.
c) Roof install is complete.
d) Tyvek,Windows,&doors are 90%complete.
2) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
See next section
3) CRC Commitments
Provide parking spaces on 3raAve and streetscape on the west and south side of the building and
relocate street utilities.
a) Budget
Design/Engineering Approved and funded with TIF
$8,900 for Utility Relocation monies.
Invoices are expected to be paid
Site Construction $67,021 October/November.
Waiting on Duke Energy to •
Utility Relocation complete easement work and
submit work order. Invoices are
$250,000 expected to be paid in December.
b) Design Consultant:American Structurepoint
c) Construction Contractor:Calumet Civil Contractors/Duke Energy
d) CRC Commitment Schedule
Design%Complete 100%
Proposed Construction Start Date August 2014/September for site work
Anticipated Project Completion September 2014/November for site work
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 110
PROJECT UPDATES
• Monon Lofts Building(Monon side)
1) Project Status-under construction
a) Framing is complete.
b) Tyvek,Windows,Doors are complete.
c) Building 2 MEP-Plumbing under slab rough is complete.Fire Suppression is complete.
d) Building 2 roof is complete
2) Council and/or CRC Action Items
ACTION ITEM CITY COUNCIL CRC
Create an easement in the Tarkington CRC to finalize in August
Garage to allow for an emergency access
hallway connecting the parking area and
the new building.
Issue for construction of the Monon August
connecting path
Bids Received for walks and landscaping August,approve August,select contractor
contract
3) CRC Commitments
Site Improvements,Monon Connection path,Small pocket park(by developer)
a) Budget
Design/Engineering Not to exceed$75,000
Low-bid for site work was
Construction $206,070+alternates.
Monon connection not
$310,000 issued yet.
b) Design Consultant:American Structurepoint
c) CRC Commitment Schedule
Design%Complete 100%.
Proposed Construction Start Date September 2014
Anticipated Project Completion November 2014
-One enclosure-
July 25,2014 CRC Report for August 4,2014 City Council Meeting Page 111
7/16/2014
(vice Carmel Redevelopment Commission
(CRC
��• Presentation of the
Umbaugh TIF Report
s dated May 29,2014
11'T'CAM/CLAY IT V151BCf5
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UMBAUGH
Loren Matthes,Principal
Heidi Amspaugh,Manager
Andy Mouser,Sr.Financial Analyst
July 16,2014
UMBAUGH
r v.aowT 7 mr,t- blLdt.a om _ _ . _ It's all about experience
I 01
Summary of Designated Areas
• City Center Area • Lauth-Walker Area
• 126th Street Area • Old Town Shoppes Area
• Merchants Square Area • 2006 Old Town Shoppes Area
• Merchants Pointe Area • Old Methodist Area
• 2006 Merchants Pointe Area • Lurie Area
• Illinois Street Area,Expansion Area • Village of West Clay Area
and Amended Area • Meridian&Main Area(50%)
• Old Meridian Area and Expansion • 116th Street Centre Area(less
Area Developer portion)
• Old Town Area • Downtown EDA#1 Area
• Hazel Dell South Area • Downtown EDA#2 Area
• Hazel Dell North Area • CRC Parcel#12 Area
• Carmel Drive Area • Parkwood Crossing Areas
UMBAUGH
;:=Fu. UAI AZMILk Ml Its all about experience t
1
7/16/2014
126th Street Area,Illinois Street, and t 1
Old Meridian Areas ' Th`-1-1..,1 l''' ■
A
4"?`k- 1 ,_ E E '1•41; = ', roc------
es.74.111ii -- L 4 ,
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1 Restaurants, ---- a ■
ri71---- 1 Hotels,Hospitals,
1 1 dr —
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-
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2
[ .
. 7/16/2014
City Center Area
Downtown Areas 1 and 2 , .
il:;-11 a.l
400.._
II �, ..�-ter f
.a y ---";
— t
T
J- " ill ' A '"
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p
P 1T
' f _ i jE •t.I.l a4
f Gt. i . ` t 4 u. ,
,. '_:!"-',_:� ICI ' sy L
- .L� a
General Tax Increment
• Designated Areas Tax Increment
— Estimated 2014=$17,524,854
— Estimated to increase to$25,397,302 in 2026
— Designated Areas begin to expire in 2029 and thereafter
• Midwest ISO Depreciable Personal Property(DPP)TIF
— 5/29/14 TIF Report assumes no current or future Tax Increment from the MISO DPP TIF
• Barrington PILOT Payments
— Assisted Living Facility,anticipated exempt from property taxes
— City Ordinance and Exhibit:payments in lieu of taxes(PILOT)
— $175,000 to$350,000 annual PILOT Payments
— Pay 2014:The Barrington did not file for exemption;site in EDA,not Allocation Area;
no TIF
— Assumes PILOT payments begin 2015 payable 2016
— Anticipated to be distributed to CRC to pay obligations
MIIIIIIIIIIIIIIIIMINIMMII UMBAUGH MS
= ?. iltglg., Its all about experience L____521.
3
•
7/16/2014
Summary of Other Revenues
• 4CDC Grant Funds
— Carmel City Center Community Development Corporation(4CDC)
— 2014=$338,000; 2015&thereafter=$400,000 per year
• Civic Payments
— Booth Tarkington Civic Theatre of Indianapolis,Inc.
— $200,000 per year
• Energy Consumption Payments
— Ranges from$323,060 to$1,261,294
• Merchants Square Bond Excess
— One-time funds available after the defeasance of the TIF Revenue Bonds of 1998
— 20l4=$565,281
• Revenue Reserves
— Energy Payments—$1.5 million:
provides$500,000 for 3 years(2013—2015)
— Civic Payments- $1.2 million:
provides$200,000 for 6 years(2013—2018)
UMBAUGH Ell
_. =$faPW i,TJitdtali<iAl rr�l " _iUlai. _:. SU�r�. 4t�r#;+Allrtk"tu4z YA i :' It's all about experience tris;
Summary of CRC Obligations Paid-off and
Refinanced in 2012
• Taxable Tax Increment Revenue Bonds of 2008
• Certificates of Participation(COPs),Series 2010A and B
• 8 Installment Purchase Contracts
• 7 Grant Agreements securing Lines of Credit
• 4 Land Sale Contracts
•
UMBAUGH -
uRi It's all about experience
4
7/16/2014
Summary of Current District Obligations
(Paid from CRC Revenues)
• $6,595,000 TIF Revenue Bonds,2004A(Clarian/IU Health Guarantee)
• $55,685,000 Lease Rental Refunding Bonds,2014(CIBs)PAC
• $27,798,227 Lease Rental Bonds of 2005(CABs)PAC
• $4,175,000 Taxable COIT Revenue Refunding Bonds,2006
• $15,775,000 Certificates of Participation,2010C(C COPs)
• $115,900,000 Lease Rental Multipurpose Bonds,2012A
• $68,245,000 Lease Rental Multipurpose Bonds,2012B(Taxable)
• $6,535,000 Redevelopment District Bonds of 2013(Illinois Street Bonds)
• Subordinate Developer Obligations(shown in Appendix C and D)
— $9,200,000 Senior EDC Bonds,2011A(Lofts-Sophia Square)
— $4,500,000 Replacement Secondary Installment Contract#1
— $1,000,000 Replacement Secondary Installment Contract#2
(RS1Cs) UMBAUGH
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TIF Report -Appendices
• Appendix A—TIF Risks
• Appendix B—Amortization Schedules of Outstanding CRC Obligations
• Appendix C—Arts District Lofts&Shoppes TIF(Sophia Square Project)
— TIF Estimate and Outstanding EDC Bonds 2011A
• Appendix D—Village Financial Restated Secondary Installment Contracts(RSIC)
— Special Calculation of(Pedcor)Existing Improvement Increment(part of BIG TIF),Allocated portion of
$17 MM Harris Loan(part of 2012 Refinance Multipurpose Bonds)and$5.5 MM RSICs to calculate
estimated payment or deferment of interest and principal on RSICs
— Deferred interest and principal paid from BIG TIF/CRC Revenues in 2030 thru 2034(subordinate)
(Deferred amounts are included in District Obligations on page 16)
• Appendix E—Revenue Deposit Agreement and Amendments
UMBAUGH
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5
7/16/2014
Historical Tax Increment Collections
$18,000,000
$16,000,000
$14,000,000
$12,000,000
$10,000,000 ------ _ - -
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$0
1998 1999 20p0 9901 20p2 20o3 2004 2o05 206 2001 2008 2°09 3o' 201 20j2 20'
•Tax Inclement Collections
UMBAUGH
It's all about c perience MEE
•
Comparison of Estimated
CRC Revenues
$$0,000,000
$25,000,000
$20,000,000
S15,000,000
' a
$10,000,000
•
$5,000,000
So
5p1A 5pNS 50.6 gofl vs% 5019 og 5051,lot' Sp23$0 5056 5026 5py1 000.jo714 yps° ,yp'$ 5p9 5o$ ryo„P,,lo$ ot'yo`y1
e5/29/2m4TIF Report ■12/27/2o12TIF Report ®2005 TIF Estimate
UMBAUGH
- "xwrm+.�e,�n'�I.E[ t ---. 7 _ 'BtiLA'I•I81ii It's all about experience MEE
6
7/16/2014
Significant additions to the
CRC Revenue Estimate
(Changes since 12/27/12 TIF Report)
• New Developments added or moved up:
12/27/12 TIF Report Additions in 5/29/14 TIF Report
— Highpointe Senior Living&Apts -payable 2017 — Atapco Apts,retail,office and demo of existing
— Sophia Place Parcel 92—payable 2016 buildings
— Bridges PUD Development(was 25%;now 100%) — Health&Wellness Suites of Carmel(assisted
and Future Development 50/50 TIF Split living)
— Anderson Birkla"The Mezz"and Nash Buildings — Horizon Bank
in City Center — Point Blank Gun Range
— Hotel Indigo — Penn Circle(Phase 2 apartments)
— Browning Medical Office Buildings — Drury Hotel and Restaurant(Parkwood Area)
— Penn Circle Apts&Mixed Use — St.Vincent's Women's Center(assumes taxable)
— 116'"Street Centre Apts Phase 2 — The Bridg es PUD—Giant Eagle Grocery&Get
— Edward Rose Apts Phase 2 and Go Gas Station
— Project Blue:Hyundai;$8.1M AV to CRC;
Excess to Developer
— Grand&Main Project 75/25 TIF Split(was on
Future Development listing @ 100%)
• Added Merchants Square and Merchants Pointe TIF Revenue /�
(Plus one-time remaining MS Bond funds—2014 only)
UMBAUGH
•-;aE`d:, fdl 1. _ _ - irrs CdbrJ�l teRtt.tu kf8lk t be ctsfei14�Y;i�R ^3°°: les all about experience IMEE
Significant Decreases to the CRC Revenue Estimate
(Changes since 12/27/12 TIF Report)
• Decrease in Tax Rate: 2013=$1.8651 2014=$1.8453 Variance=($0.0198)
• Residential Parcels:TIF database now includes negative incremental AV from residential parcels
-Annual AV loss of$IMM=Annual TIF loss of$18,000
• 2013 TIF distribution error:reduced 2014 TIF estimate for County Auditor error in 2013 TIF distribution
calculation and school referendum calculation,which impacts June 2014 distribution(2014 TIF loss of$100,000)
• IU Health Expansion removed from TIF Estimate-AV loss of$23.4MM=Annual TIF loss of$431,000
• Pushed-back timing on several New and Future Developments
• Decrease in annual 4CDC Grant Funds -Revenue loss of$357,000/yr
• Removed Developer Payments from Keystone Corp.—Revenue loss of$200,000/yr(2013—2016)
• Removed 1%annual increase in assessed values for Market Value changes
• Removed Revenue Loss Adjustment
• Reduced Grand&Main Development(Edward Rose Apartments)
p UMBAUGH
x •111 Gy[ r"+; Usk - It's all about experience
7
7/16/2014
(5/29/14 TIF Report)
Comparison of Estimated CRC
Revenues and Obligations
$30,000,000
$25,000,000
$20,000,000 , \
$15,0, 00,000
11 I I I I I I II—It IA
$5,000,000
I 1111
So
990 1.043 1.60,5p'5„1.00 10 le 2,02>qA09$7.0gA 10 1,0'0 1.00 9,0%%9512le.9..C*1.,20.9..d8b,i5ANIpegVbb,201
CI Total Estimated CRC Revenues is Combined(PAC)2005 CABs and 2014 Bonds
•2006 COTT Bonds Debt Service •2010 C COPs Debt Service
•2012 Bonds Lease Rentals •Estimated RSICs
a 2004A Bonds Debt Service 2013 Bonds Debt Service
UMBAUGH
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Its all about experience E—IRT
Comparison of Estimated
2014 CRC Revenues and Obligations
I2005 12/.-.
7/12 5/29/14
TIF Estimate TIF Report TIF Report
• -ir--- .' _
...,'
Total Estimated TIF 1._ $8,489,95ui_ $16,978,413: i 117,524,854*
4CDC Grant Funds 0 757,603 338,000
—1,-i -r-- ---
■ t! r , ; ,1
_ Civic Payments_ _ __1:__,IL____ __ _____PL.ii.__ 200,0001. :, 200,000
Energy Consumption Plaits ..,, 0 1,310,103 323,060
,.._
Other Revenues(2014) S. ,l op, , _ (659,030) !, 1,265,281
,
Total Estimated CRC
Revenues $8,489,950 $18,596,119 $19,651,195
-1i' 7r-- _____,...__,
CRC Debt Obligations r ft $8,035,175! _:: ($17,344,230)' : a.017,5?-4,08 gj
Estimated Surplus $454,775 $1,251,889 $2,127,113
, .
Estimated Coverage __i_ ;, _ 105.60L _ _ __ 10_7.22% ..1, _ ___112.14%
*Added TIF Areas to the General TIF Revenues.
• UMBAUGH
....,, ....w. -•,„,, -iaimmal...mmimatimmtKan
Its all about experience=la
8
I "
• 7/16/2014
Revenue Deposit Agreement
• Original Agreement 11/20/12
— Established procedure for the Clerk-Treasurer(CRC Treasurer)to set
aside the General Tax Increment when received to ensure timely
payment of CRC Obligations(2013 Bonds,2010 C COPs,2012 Bonds,
and 2005/2014 PAC Bonds)
— Establishment of Supplemental Reserve Fund to be funded by
Parkwood TIF Revenue after pay-off of Parkwood EDC Bonds in 2014
• Additional protection against TIF shortfall and Special Tax levy
• First Amendment 12/05/13
— Prioritize set-aside of TIF Revenues from Illinois Street Areas and 126th
Street Areas to pay 2013 Bond debt service
— Added Merchants Square Allocation Area to Designated Areas
• Second Amendment 05/29/14
— Refunding of 2005 PAC Bonds—CIBs only
— Required deposit of General Tax Increment equal to savings from the
2014 Refunding into the Supplemental Reserve Fund
UMBAUGH
_:.Cmmov,—,,,e Ammetwir lsrW.. h ai It's all about experience W-=-6.,
9
>—Original Message--
> From: Brainard, James C
>Sent: S unda_y, May 15, 2011 5.55 PM
>To:
>Cc: McBride, Mike T
>Subject: Re: Flood on Emerson Rd. again
> I am sending your email to our city engineer and asking him to look at
>the best solution. Hopefully it will quit raining soon.
>Jim Brainard
From: McBride, Mike T
Sent_Monday, June 06,_2011 8:42 PM
To:
Cc: Brainard, James C; Huffman, David
Subject: Re: Flood on Emerson Rd. again
I'm sorry I didn't make it clear in my earlier email. I've forwarded
your concerns on to the Street Commissioner who handles these types of
issues. I'll ask for an update.
Thanks,
Sent from Mike's iPhone
From: Brainard,James
Sent:Thursday,June 19,2014 10:21 PM
To:
Cc: Huffman, David;Joe Craig; JOSEPH SIMONS; chuckkrisePgmail.com; Schleif, Carol; Seidensticker,
Eric; Rider, Kevin D; Snyder, Luci; Sharp, Rick; Carter, Ronald E; Finkam, Sue; Heck, Nancy S; Engelking,
Steve C
Subject: Re: Flood-on Emerson Rd. again
I need the council to approve the money. The city has resources to make the improvements yet my
hands are tied until the council allows the money to be spent.
I hate to point fingers however I cannot do anything until the funding is approved by the city
council. Then, I can work with our staff, prepare engineering plans and bid the construction that will fix
the problems.
71 ( CaUnC,'l 1'7)4'D
Jim Brainard
Sent from my iPad e/1(///%/
a +4-aLhvien +
On May 21; 2014, at 1:05 PM"Brainard,James C" <JBrainard @carmel.in.gov>wrote:
Let me talk with my city engineer and determine where all of this stands.
One of the problems with the sidewalks is that the city council has forced cuts in our paving
budget each year even though we have millions in the bank(35 million at the end of 2013).
Sue Finkam is your representative and she is supportive so I am copying her on your email as
-well.
146th Street is not a Carmel street and the right-of way on the south side is under the
jurisdiction of the county, not Carmel, but I will look nonetheless at the area you mention.
Jim Brainard
Sent from my iPad
C .-4y epuncq i
�4--f-aGfimen4-
Unit Name: Carmel Civil City, Hamilton County
Year: 2014
Fund: Local Road& Street
Estimate of Net Assessed Value'Used for Certified Net Assessed
Published and Adopted Amounts Value
$5,882,996,000; $6,282,297,495;
_
Funds Required For Expenses To December 31st Of Incoming Year Published Amount Adopted Certified
Amount Amount
1.Total budget estimate for incoming year 31,100,000 $1,100,000 $1,„100,000
2.Necessary expenditures,July 1 to.December 31 of present year,to be made from $2,329,810 $2;329,810 $2,329,810
appropriation unexpended
3.Additional appropriation necessary to be made July 1 t December 31 of present year $0 $0 $0
.4.Outstanding temporary loans: $0 0 $0
a).To be paid not included in'lines 2 or'3
b).Not repaid by December 31 of present year $0 $0 $0
5.TOTAL FUNDS required(add,lines 1,2,3,4a and 4b) $3,429,810 $3,429,810 $3,429,8.10
Funds On Hand To Be Received FromSourcesOtherThan Proposed Tax Levy Published Amount Adopted Certified
Amount Amount
6.Actual cash balance,,June 30 of present::year(including cash investments) $1,837,242 $1;837,242 $1,837,242 '
7.Taxes to be collected,present year(December settlement) $0 $0 $0
:8.Miscellaneous;revenue to be received July 1 of present year to December 31 of $502,706 $502;706 $498,536
incoming year(Schedule on File):
a).Total Column A Budget Form 2
b).Total Column;B Budget:Form 2 $1,103,464 $1103464 $1;,103,465
•
9.TOTAL FUNDS(Add lines 6,7„8a and 8b) $3,443,412 $3,443,412 $3,439,243
10. Net amount to be raised for expenses to December 31 of incoming year(deduct line '• $-13.,602 $-13,602 ($9,433)
;9 from 5)
•
Proposed Tax Rate and Levy Published Amount : Adopted Certified
Amount Amount
AmP4- /
11.Operating balance(not in excess of expense January 1 to June 30,less $0 $0 $9,433
miscellaneous revenue for same period) ( Y /,, y
0 trT y NurtCr'I 114-4/Indiana Gateway:Report 7/28/2014 1.0:12:48 AM Page t
Budgeted Spending 2014
Carmel Civil City - Hamilton County, Indiana
2010 Population -79,191
Fund Department Category SubCategory Line Item Line Item Published Published Adopted Adopted
Code Per Capita Per Capita
0706-LOCAL_ROAD& NO DEPARTMENT SERVICES AND Repairs and 4350900 OTHER CONT $250,000 $3.161 $250,000 $3.96
STREET CHARGES Maintenance SERVICES
0706-LOCAL ROAD& NO DEPARTMENT SERVICES AND Professional 4340100 ENGINEERING FEES $150,000 $1.89 $150,000 $1.89
STREET CHARGES Services
0706-LOCAL ROAD 8 NO DEPARTMENT SERVICES AND Repairs and 4350200 STREET PAVING $400,000 $5.05 $400,000 $5.05
STREET CHARGES Maintenance
_ 800,000, $10.10 $800,0007 $10.10
SERVICES AND CHARGES Total . $
0706-LOCAL ROAD& NO DEPARTMENT CAPITAL Land 4460500 RIGHTS OF WAY $300,000 $3.79 $300,000 $3.79
STREET I OUTLAYS
CAPITAL OUTLAYS Total: $300,000 $3.79 f $300,0001 $3 .79
' . a. ^ ' . .. ,,. • NO DEPARTMEN T Total •.$1,100,000: r ' =$13.89 •.$1;.100,000 ° $13:89.
TOTAL LOCAL ROAD&STREET FUND $1,100,000+ $13.89 $1,100,000 $13.89
d�
4-#0c_hmen-i- I Cull 0du tic,`'
Indiana Gateway Report 7/28/2014 9:56:56 AM Page 1
Unit Name:: Carmel Civil City, Hamilton County
Year: 2013
Fund: Local Road & Street
Estimate of Net Assessed VatueUsed for Certified Net Assessed
Published and Adopted Amounts Value
1
$5,800,000,000; $6,192,626,813
.. _
Funds Required For Expenses To December 31st Of Incoming Yea r Publi shed Amou nt Adop ted
Certified
Amount Amount
1.Total budget estimate for incoming year $1„150,000 $1,150,000 $1„150,000
.
2.Necessary expenditures,July 1 to December 31 of present year,to be made from $1,931,384 $1,931,384 $2,076,217
appropriation unexpended
3.Additional appropriation necessary to be made July 1 to December 31 of present year $0 $0 $0
4.Outstanding temporary loans: $0 0 $0
a).To be paid not included'Mines 2 or:3 ,
b).Not repaid by December 31 of present year $0 $0 $0
;5.TOTAL FUNDS required(add lines 1,2,3,4a and 4b) $3,081,384 $3,081,384 $3,226,217
Funds On Hand To Be Received From Sources Other Than Proposed Tax Levy Published Amount Adopted Certified
Amount Amount
6.Actual cash balance,June 30 of present year(including cash investments) $2,149,372 $2,149,372 $2,149,372
7.Taxes to be collected,present year(December settlement) $0 $0 $0
8.Miscellaneous revenue to be received July 1 of present year to December 31 of $599,033 $599,033 $599,033
incoming year(Schedule on File):
a).Total Column A Budget Form 2 ,
b).Total Column B Budget Form 2 $1,073,634 $1073634 $1.,073,634
9.TOTAL FUNDS(Add lines 6,7,8a and 8b) $3,822,039 $3,822,039 $3,822,039
10. Net amount to be raised for expenses to December 31 of incoming year(deduct line , $-740,655 8-740,655 ($595,822) d�G h at e Vt t
9 from 5)
Proposed Tax Rate and Levy Published Amount Adopted Certified /r
Amount Amount f
11.Operating balance(not in excess of expense January 1 to June 30,less $740,655 $740,655 $595,822 C,r4y Council
miscellaneous revenue for same period)
d
Indiana Gateway Report 7/28/2014 10:11.30 AM Page 1
is
Budgeted Spending 2013
Carmel Civil City - Hamilton County, Indiana
2010 Population-79,191
Fund l Department Category SubCategory Line Item Line Item Published Published Adopted Adopted
Code Per Capita Per Capita
�. ,0706-LOCAL ROAD& NO DEPARTMENT SERVICES AND Professional 4340100 ENGINEERING FEES $150,000 $1.89 $150,000 $1.89
STREET CHARGES Services
0706-LOCAL ROAD& NO DEPARTMENT SERVICES AND Repairs and 4350900 OTHER CONT $280,000$3.16 $250,000 $3.16
STREET CHARGES Maintenance SERVICES
. SERVICES AND CHARGES Total i $400,000;• $5.05; $400,000 $5.05
0706-LOCAL ROAD& NO DEPARTMENT [CAPITAOUTLAYS Land
4460500 III RIGHTS-OF-WAYS $750,000,1 $9.47 $750,000 $9.47
CAPITAL OUTLAYS Total $750,0001- $9.47 1 $750,000 =$9.47
NO DEPARTMENT Total ' $1,150,000 _ $14.52 . $1,150,000s $14.52,
TOTAL LOCAL ROAD&STREET FUND $1,150,000 $14.52 $1,150,0001 $14.52
V g (41//if
A-4-4-0c h me t1-1- / 0 ,r-/y u C2on<<'/ m1
I Indiana Gateway Report 7/28/2014 9:55:46 AM Page 1
I
Unit Name: Carmel Civil City, Hamilton County
ty
Year: 2012
Fund: Local Road & Street
Estimate of Net Assessed Value Used for Certified Net Assessed
Published and Adopted Amounts Value
$6,393,603,346, $6,393,603,345
Funds Required For Expenses To December 31st Of Incoming Year Published Amount Adopted Certified
Amount Amount
,1.Total budget estimate for ncoming_year, $1,600,000 $1,600,000 $1,031,402
2.Necessary expenditures,July 1 to December 31 of present year,to
be made from $1,895,937 $1,895,937 $2,024,447
appropriation unexpended
3.Additional appropriation necessary to be made July 1 to December 31 of present year $0 $0 $0
4.Outstanding temporary loans: $0 0 $0
a).To be paid not included in lines 2 or 3
_
b).Not repaid by December 31 of present year $0 $0 $0
5.TOTAL FUNDS required(add lines 1,2,3,4a and 4b) - $3,495,937 $3,495,937 $3,055,849
Funds On Hand To Be Received From Sources Other Than Proposed Tax Levy Published Amount Adopted Certified
Amount Amount
6.Actual cash balance,June 30 of present year(including cash investments) $1,619,429 $1,619,429 P $1,619,429
.
7.Taxes to be collected,present year(December settlement) $0 $0 $0
'8.Miscellaneous revenue to be received July 1 of present year to December 31 of $454,483 $454,483 $454,483
incoming year(Schedule on File):
a).Total Column A Budget Form 2
b).Total Column B Budget Form 2 $988,780 $988780 $981,937
9.TOTAL FUNDS(Add lines 6,7,8a and 8b) $3,062,692 $3,062,692 $3,055,849
10.Net amount to be raised for expenses to December 31 of incoming year(deduct line $433,245 $433,245 N/A
9 from 5) _
Proposed Tax Rate and Levy Published Amount Adopted Certified "4-lac-A me )1-
Amount Amount
Operating balance(not in excess of expense January 1 to June 30,less $0 $0 $0 O (4f/it/
miscellaneous revenue for same period)
.. ..- eocin,,T/ mit5,
Indiana Gateway Report 7/28/2014 10:08:35 AM Page 1
,Budgeted Spending 2012
,Carmel Civil City - Hamilton County, Indiana
2010 Population-79,191
Fund Department Category SubCategory Line Item Line Item Published Published Adopted Adopted
Code Per Capita Per Capita
0706-LOCAL ROAD& NO DEPARTMENT SERVICES AND Professional 4340100 ENGINEERING FEES $150,000 $1.89 $150,000 $1.89
STREET CHARGES Services
0706-LOCAL ROAD& NO DEPARTMENT SERVICES AND Repairs and 4350200 �STREET REPAVING $600,000 $7.58 $600,000 $7.58
STREET CHARGES Maintenance
0706-LOCAL ROAD& NO'DEPARTMENT SERVICES AND Repairs and 4350900 OTHER CONT $200,000 $2.53 $200,000 $2.53
'STREET _ CHARGES Maintenance SERVICES
SERVICES r 1
SERVICES AND CHARGES Total!
$960,000; �$12.00i $950,0001 $12.00
Total'
0706-LOCAL ROAD&I NO.DEPARTMENT CAPITAL Land 4460500 RIGHTS-OF-WAYS $500,0001 $6.311 $500,000 $6.311
STREET I OUTLAYS I
0706-LOCAL ROAD&I NO DEPARTMENT CAPITAL Improvements Other 4462865 ILLINOIS STREET $150,000 $1.89 $150,000 $1.89
STREET OUTLAYS ThanlBuilding _______ _�
CAPITAL OUTLAYS Total', $650,000 f ` $8.211 $660,000; $8.21
' NO DEPARTMENT Total '$1,600,000 °$20.20 $1,600,000 $20.20
TOTAL LOCAL ROAD&STREET FUND $1,600,000 $20.20 $1,600,000 $20.20
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Indiana Gateway Report 7/28/2014 9:53:50 AM Page 1
Storm Water Utility Budget Overview
(Assumes 100%payment of fees,rate study indicates that actual revenues maybe closer to 90%
payment)
-O1/ERHEAD
Engineering Staff
$605,982
Engineering MS4 Permit Compliance
$364,500
Engineering Equipment and Supplies
$92:500
Street Staff
$204,023
Street Equipment and Supplies
$234,000
Street Maintenance
$350,000
Water and Wastewater Utility MS4 Permit Compliance
$30,000
Total Overhead $1,881,005
PROJECTS
Projects
$1,175,000
CI;al-Projects $1,175;000
STORM WATER UTILITY UPKEEP
Engineering Storm Water Utility Billing Administration
$60,000
Water and Wastewater Utility Billing Administration
$30,000
Total Storm Water Upkeep $90,000
TOTAL BUDGET $3,146,005
Breakdown By Department
Engineering Department $1,122,982
Street Department $788,023
Utility Department $60,000
Projects $1,175,000
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GOLF ROAD REPAIR ROAD BUDGET
2012 $1.420 mil $600,000 $1,600,000
2013 $1.369 mil $250,000 $1,150,000
2014 $1.386 mil $650,000 $1,100,000
Total $4.175 mil $1,500,000 $3,850,000
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