HomeMy WebLinkAboutSeptember 19 2012 meeting minutes
CARMEL REDEVELOPMENT AUTHORITY
MINUTES OF MEETING
Wednesday, September 19, 2012
Carmel City Hall DOCS Conference Room
President Robert Bush called the meeting to order .Jack Badger was also in attendance,
which constitutes a quorum. Also in attendance: Bruce Donaldson, Barnes and
Thornburg, Loren Matthes, Umbaugh. The support person in attendance was Lisa
Stewart
.
RESOLUTION
Resolution No. 2012-2 of the City of Carmel Redevelopment Authority approving a
proposed lease, authorizing the issuance of one or more series of the CRA lease
rental revenue bonds and taking certain other actions thereto
PURPOSE: CRA is looking to provide funds to finance all or a portion of the costs
of the City Center Project. This is projected to be: $195,000,00.
Loren Matthes gave an overview of the financial implications. Authority members
asked Ms. Matthes for specific information regarding the financial transaction. She
distributed detailed financial documents.
The Authority voted 2-0 to approve the Resolution.
Signatures are on official document
Lisa M. Stewart – Support Staff