HomeMy WebLinkAbout333721 12/19/18 0{�.�,q+, CITY OF CARMEL, INDIANA VENDOR: 00351669
ONE CIVIC SQUARE H J UMBAUGH &ASSOCIATES CHECK AMOUNT: $***395,924.00*
;? ;a,, CARMEL, INDIANA 46032 8365 KEYSTONE CROSSING STE 300 CHECK NUMBER: 333721
+;ETON�. INDIANAPOLIS IN 46240 CHECK DATE: 12/19/18
DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION
902 4340300 156064 231,796.50 ACCOUNTING FEES
902 4340300 156073-75 84,797.50 ACCOUNTING FEES
902 4340300 20181218 79,330.00 ACCOUNTING FEES
VOUCHER NO. WARRANT NO. Prescribed by State Board of Accounts City Form No.201(Rev.1995)
Vendor# 00351669 ALLOWED 20 ACCOUNTS PAYABLE VOUCHER
H J UMBAUGH &ASSOCIATES IN SUM OF$ CITY OF CARMEL
8365 KEYSTONE CROSSING STE 300 An invoice or bill to be properly itemized must show:kind of service,where performed,dates service
rendered,by whom,rates per day,number of hours,rate per hour,number of units,price per unit,etc.
INDIANAPOLIS, IN 46240
Payee
$395,924.00 l
Purchase Order#
ON ACCOUNT OF APPROPRIATION FOR
Redevelopment Commission Terms
Date Due
PO# ACCT# DATE INVOICE# DESCRIPTION
DEPT# INVOICE# Fund# AMOUNT Board Members DEPT# FUND# (or note attached invoice(s)or bill(s)) AMOUNT
20181218 43-403.00 $79,330.00 1 hereby certify that the attached invoice(s),or 11/26/18 20181218 Hotel-Disclosure Fees $79,330.00
902 902 902 902
156073-75 43-403.00 $84,797.50 bill(s)is(are)true and correct and that the 11/26/18 156073-75 TIF Report $84,797.50
902 902 materials or services itemized thereon for 902 902
156064 43-403.00 $231,796.50 11/26/18 156064 Financial Advisory Fees $231,796.50
902 902 which charge is made were ordered and 902 902
1110
received except
Wednesday, December 19,2018
Mestetsky, Henry
I hereby certify that the attached invoice(s),or bill(s),is(are)true and correct and I have
audited same in accordance with IC 5-11-10-1.6
20
Cost distribution ledger classification if claim paid motor vehicle highway fund. Clerk-Treasurer
H. J. Umbaugh & Associates
Certified Public Accountants,LLP
8365 Keystone Crossing, Suite 300
Indianapolis,IN 46240-2687
(317)465-1500
Mr. Henry Mestetsky, Executive Director
Mr. Mike Lee, Finance Director
Carmel Redevelopment Commission
30 West Main Street, Suite 220
Carmel, IN 46032
hmestetsky@carmel.in.gov
mlee@carmel.in.gov
Re: Municipal Advisory Services Related to Revenue Estimates
and Bond Financing in connection with the City Center Hotel Project
Invoice No. 156064, 156073-75 Please Include Invoice Number with Remittance
Date 11/26/2018
Client No. C00600.MON 11, RED 13, 68, 70
For professional services rendered from October 31,2017 through November 15,2018 in connection with
the financial planning of the above-named Bonds. Financial planning services included preparation of
historical and estimated Tax Increment(TIF)information and report, historical and estimated local Income
Tax (LIT) revenue information, and additional information related to proposed LIT legislative changes;
preparation of numerous financial feasibility and bond structuring analyses; integration of the hotel loan
financing and assistance with questions related to the "BIG TIF" coverage and TIF Report; integration of
excess Legacy TIF and assistance with Council questions and meetings; assistance with re-configuration
of Motorcourt West(hotel) TIF Allocation Area; financial planning meetings and discussions with Mayor,
City Council, Redevelopment Commission, Redevelopment Authority and the Carmel Bond Bank;
financing terms for bond documents; preparation of Preliminary Official Statement and Special Purpose
Accounting Report; assistance with financing term sheet and bids for private placement of the Bonds;
legal review related to disclosure; and other related services; in accordance with Engagement Letters
dated March 14,2017 and February 16,2018; and a Supplemental Agreement dated July 16,2018.
See attached detail of services.
Financial Advisory Fees $ 231,796.50
TIF Report 84,797.50
Hotel-Disclosure Fees 79.330.00
Current Amount Due $_30_924 QQ
WIRING INSTRUCTIONS
H J Umbaugh&Associates
Certified Public Accountants, LLP
Key Bank, N.A.
202 S. Michigan Street
South Bend, IN 46601
Account Number- 12155-04838
Routing Number-041001039
Carmel Redevelopment Commission
Re: Municipal Advisory Services related to TIF Revenue and Hotel Bonds
Preparation of 2018 TIF Report
Invoice Supporting Detail
Invoice Date: 11/26/18
Invoice No.: 156064,156073-75
Date Service Description Employee Memo Hours Fees
12/20/2017 Meeting Matthes CRC meeting and post-meeting discussons related to
developments,projects and BIG TIF with Henry and staff,Bill
Hammer and Dave Bowers 0.50 $ 200.00
12/27/2017 Financial Analysis Matthes instructions to Courtland on prep of aerial maps with future
developments and assumptions to aid in discussion with CRC about
percentage of BIG TIF vs Developer capture 0.50 200.00
12/28/2017 Financial Analysis Matthes TIF Report-aerial mapping and future devts with Courtland 0.50 200.00
1/2/2018 Financial Analysis Matthes planning 2018 TIF report with Courtland;discuss 2017 settlement
reconciliation,and planning related to update future
developments,assumptions and developer splits 0.50 210.00
1/5/2018 Financial Analysis Baisano Proof Comparison of Actual and Estimated Tax Increment 0.25 33.75
1/6/2018 Financial Analysis Balsano Proof Comparison of Actual and Estimated Tax Increment 1.00 135.00
1/8/2018 Financial Analysis Baisano Proof Comparison of Actual and Estimated Tax Increment 0.25 33.75
1/8/2018 Financial Analysis Jackson,Jr. Comparison of actual and estimated TIF. 0.50 70.00
1/8/2018 Financial Analysis Amspaugh 2017 TIF Report follow up;2018 TIF Report discussion 1.00 290.00
1/8/2018 Financial Analysis Matthes Internal discussion and planning regarding 2018 TIF report draft
and assumptions to use for discussion of assumptions with Henry,
CRC and WG. Discussion related to the 2017 Mgmnt Rep Letter and
the 2017 TIF Report future development assumptions,KAR,Valinet-
property and developer splits,etc. 2.00 840.00
1/8/2018 Financial Analysis Mouser discuss w/Loren,Heidi&Courtland 2.50 625.00
1/9/2018 Financial Analysis Jackson,Jr. 2018 TIF Accounting Report(AR) 0.25 35.00
1/9/2018 Financial Analysis Amspaugh 2018 TIF Report disc w Courtland 0.50 145.00
1/9/2018 Correspondence Matthes to Henry at al re:schedule meeting re:TIF assumptions,developer
splits,future devt etc 0.50 210.00
1/10/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.25 175.00
1/10/2018 Financial Analysis Matthes Meridian&Main TIF estimates-print developer-BIG TIF schedule
and supporting schedule in preparation to send to Henry In
response to recent email 1.25 525.00
1/11/2018 Financial Analysis Matthes Meridian&Main TIF estimates and assumptions-info from
Courtland;review and pdf to send to Henry 0.50 210.00
1/11/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 4.50 630.00
1/12/2018 Financial Analysis Matthes 2018 TIF Report-emails and financial information re:CRC budget,
hotel loan,other projects,impacts on BIG TIF and potential losses
due to M&M,MISO appeal etc. 1.00 420.00
1/12/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 4.00 560.00
1/16/2018 Financial Analysis Amspaugh 2018 TIF Report disc w Courtland re growth 0.50 145.00
1/16/2018 Meeting Matthes meeting with Jamie Browning to discuss development prospects,
garage cost,TIF splits,BIG TIF,etc.-Meridian&Main and 111th&
Penn 0.50 210.00
1/16/2018 Financial Analysis Matthes
planning/discussing 2018 TIF Report and assumptions w HLA;report
info needed for meeting w Henry;recent emails with Henry,Jenny,
etc.and meeting with Jamie Browning re:M&M and 111th&Penn
etc 1.00 420.00
1/16/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 4.25 595.00
1/17/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 2.75 385.00
1/18/2018 Financial Analysis Mouser Secondary IC calc-assist Courtland 0.50 125.00
1/18/2018 Financial Analysis Amspaugh TIF Report 2.25 652.50
1/18/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 5.25 735.00
1/19/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 1.50 210.00
1/19/2018 Financial Analysis Matthes 2018 TIF Report-additional emails with Jenny and Henry et al re:
assumptions about future developments and developer splits,
Meridian&Main,appeals,etc 2.00 840.00
1/24/2018 Financial Analysis Amspaugh TIF Report talking points,Send henry Apt memo,email re ALO
project 1.75 507.50
1/25/2018 Financial Analysis Jackson,Jr. TIF Actual Collections vs.Estimate. 1.75 245.00
1/26/2018 Financial Analysis Matthes
discussing 2018 TIF report with Heidi and various development
information and assumptions;Midwest ISO,M&M,future
developments,sensitivity analysis,options,etc.;Legacy excess,etc. 1.50 630.00
1/26/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 3.00 420.00
1/26/2018 Financial Analysis Amspaugh 2018 TIF Report review 7.25 2,102.50
1/29/2018 Financial Analysis Keenom TIFReport,copy,bound for meetings. 0.50 55.00
1/29/2018 Meeting Matthes meeting with Dave-Bowers and Adam re:TIF Report 3.00 1,260.00
1/29/2018 Meeting Mouser mtg.w/Dave Bowers&Adam Campagna 3.50 875.00
1/29/2018 Meeting Amspaugh Mtg w Adam and Dave and prep 3.50 1,015.00
1/29/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 7.50 1,050.00
1/29/2018 Financial Analysis Amspaugh 2018 TIF Report prep 3.50 1,015.00
1/29/2018 Financial Analysis Matthes
editing risks section;prep for meeting with Dave Bowers and Adam
re:TIF Report;reviewing and making changes to 2018 TIF report
schedules and assumptions with Heidi and Courtland;sensitivity
analysis with 2018 TIF report with lower tax rate,75/25 developer
splits,etc.in prep for meeting with Henry on 1/30. 4.00 1,680.00
1/30/2018 Financial Analysis Jackson,Jr. TIF AR meeting. 5.00 700.OD
1/30/2018 Financial Analysis Mouser Mgmt Rep Ltr 0.50 125.00
1/30/2018 Financial Analysis Amspaugh TIF Report,Meeting Prep,Meeting w Henry,etc. 7.00 2,030.00
1/30/2018 Financial Analysis Matthes prepare for meeting with Henry et al on 1/30/18-2018 TIF report
and sensitivity analysis,2017 Mgmt Rep Letter,hotel schedules and
info,Legacy,Pedcor CC2,2017 Bonds,etc. 1.00 420.00
1/30/2018 Financial Analysis Matthes 0.50 210.00
1/30/2018 Meeting Matthes Meeting with Henry and Mikes-discussing details of TIF report and
assumptions 3.00 1,260.00
1/31/2018 Financial Analysis Jackson,Jr. 2017 TIF AR. 0.25 35.00
2/6/2018 Financial Analysis Matthes discussion with Henry re:convo with Jamie Browning and Mayor re:
Meridian Heights,111th&Penn and BIG TIF impact assumptions;
discuss assessments and TIF from condos;notes 0.75 315.00
2/7/2018 Financial Analysis Ko Updating Carmel assessed value comps 1.00 90.00
2/7/2018 Financial Analysis Matthes TIF estimate as it impacts BIG TIF;drafting Memo to Henry and
Jenny 1.00 420.00
2/7/2018 Financial Analysis Amspaugh Disc Courtland re Rpt updates;Disc re Comparables update 1.25 362.50
2/8/2018 Financial Analysis Jackson,Jr. Proofing Carmel Comps. 0.50 70.00
2/8/2018 Financial Analysis Ko Updating Carmel AV comps file 2.00 180.00
2/8/2018 Financial Analysis Matthes HLA info on 2011 B Arts Lofts EDC Bonds draw amount etc 0.25 105.00
2/9/2018 Financial Analysis Jackson,Jr. Carmel Comps Update. 2.50 350.00
2/9/2018 Financial Analysis Ko Updating Carmel AV per sq ft comparables for 2018:office,retail,
parking garages,hotels,etc.("Comps") 3.00 270.00
2/13/2018 Financial Analysis Jackson,Jr. Proofing Carmel comps update. 2.50 350.00
2/15/2018 Financial Analysis Matthes
2018 Budget order and tax rate;City of Carmel total rate reduction;
calculate impact on BIG TIF;email to Henry and Mayor et al 1.00 420.00
2/15/2018 Financial Analysis Amspaugh TIF Report 0.75 217.50
2/19/2018 Financial Analysis Amspaugh Comparables work disc w Courtland;Review Kevin Poore's New
development AV estimates,Email w Kevin 0.50 145.00
2/20/2018 Financial Analysis Ko Carmel AV per Sq Ft Comps 4.25 382.50
2/21/2018 Financial Analysis Ko Carmel AV per Sq Ft Comps 1.50 135.00
2/26/2018 Financial Analysis Amspaugh 2018 TIF Report discussion w Loren and Courtland:new
developments,legacy TIF,future developments and hotel TIF 1.00 290.00
2/26/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 2.50 350.00
2/26/2018 Financial Analysis Jackson,Jr. Reviewing comps update. 0.50 70.00
2/26/2018 Financial Analysis Ko Carmel AV comps 0.25 22.50
2/26/2018 Financial Analysis Matthes
2018 report planning with HLA and Courtland: (1)Legacy TIF
portion-which schedule to feed into;need for update on Legacy
TIF and developmnts;(2)Update on future developments:devt and
permit info from Mike Holiibaugh and schedule a meeting;update
on Carmel comparables(internal staff);comparison to 2019
working AV estimates from Kevin Poores,etc.;(3)supporting
schedules and bond info related to various developer splits;(4)
impact of hotel TIF,Pedcor Western and Eastern Motorcourt,etc. 1.00 420.00
2/27/2018 Financial Analysis Ko AV per Sq Ft Comps 3.00 270.00
2/27/2018 Financial Analysis Amspaugh New Developments email to DOCs;Discussion w Loren re strategy 0.50 145.00
2/28/2018 Financial Analysis Ko Comps 1.50 135.00
3/1/2018 Financial Analysis Jackson,Jr. 2018 Comps Review. 1.25 175.00
3/2/2018 Financial Analysis Amspaugh Send final 2017 TIF Report to City;Review signed Mgmt Rep Ltrs 0.25 72.50
3/5/2018 Financial Analysis Jackson,Jr. Reviewing 2018 Comps Update. 1.50 210.00
3/5/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.00 140.00
3/5/2018 Financial Analysis Ko Comps 2.50 225.00
3/6/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 2.50 350.00
3/6/2018 Financial Analysis Jackson,Jr. 2018 Comps Update. 0.25 35.00
3/6/2018 Financial Analysis Ko Comps 6.50 585.00
3/7/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 1.00 140.00
3/7/2018 Financial Analysis Ko Comps 2.50 225.00
3/9/2018 Financial Analysis Jackson,Jr. Reviewing comps update. 0.50 70.00
3/12/2018 Financial Analysis Jackson,Jr. Reviewing Comps Update. 1.00 140.00
3/12/2018 Financial Analysis Ko Comps 3.50 315.00
3/15/2018 Financial Analysis Amspaugh Email Alexa re Mtg;Disc timing w Loren 0.25 72.50
3/19/2018 Meeting Amspaugh Mtg w Mayor prep 1.00 290.00
3/20/2018 Meeting Amspaugh Mtg w Mayor,Woody,Jeff and Coonrod re Mayor's upcoming
project plans;Drive to/from 3.50 11015.00
3/22/2018 Financial Analysis Jackson,Jr. New Development analysis. 1.00 140.00
3/22/2018 Financial Analysis Amspaugh New and Future Development Mtg prep for DOCS meeting 1.00 290.00
3/23/2018 Meeting Matthes meeting with Alexia from DOCS re: update on new developments,
construction progress,and future developments and developable
sites,etc. 2.25 945.00
3/23/2018 Travel Matthes 0.50 210.00
3/23/2018 Meeting Amspaugh Mtg prep and Mtg with DOCS re new and future developments in
TIF Areas 3.50 1,015.00
3/26/2018 Financial Analysis Amspaugh Disc w Courtland new development info from DOCs 0.50 145.00
4/2/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 3.50 490.00
4/2/2018 Financial Analysis Amspaugh New and Future Development Work;Email Ben re 2017 Ref Bonds 2.75 797.50
4/3/2018 Financial Analysis Matthes discuss future development assumptions generally with HLA 0.25 105.00
4/12/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 2.25 315.00
4/12/2018 Financial Analysis Amspaugh New Developments questions to DOCs 0.75 217.50
4/16/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.50 210.00
4/19/2018 Financial Analysis Amspaugh Call and Email w Paul Rioux re Legacy development assumptions 0.50 145.00
4/26/2018 Financial Analysis Amspaugh Email follow up w DOCS for New/Future Dev and City Center Phase
2 TIF update 0.50 145.00
4/27/2018 Financial Analysis Matthes 2018 Report updates-touching base with HLA on DOCS responses 0.50 210.00
4/30/2018 Financial Analysis Jackson,Jr. Refunded debt outstanding schedule. 0.75 105.00
4/30/2018 Financial Analysis Miller Research outstanding bonds 1.00 375.00
5/1/2018 Financial Analysis Jackson,Jr. Refunded Debt Outstanding Schedule needed for City Audit. 1.00 140.00
5/1/2018 Financial Analysis Miller Research outstanding water bonds 1.50 562.50
5/1/2018 Financial Analysis Amspaugh Future developments work;Emails w GIS 1.25 362.50
5/1/2018 Financial Analysis Matthes Additional info re:Future Devts from Alexia-set meeting with Mike 0.50 210.00
5/2/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.00 140.00
5/3/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 0.50 70.00
5/4/2018 Financial Analysis Amspaugh Follow up Discussion re Mtg w Mayor 1.00 290.00
5/4/2018 Financial Analysis Matthes discuss changes to TIF report and additional info needed following
meeting with Mayor and Councilmen-related to Meridian and
Main,Future Devts 0.50 210.00
5/8/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 2.00 280.00
5/8/2018 Financial Analysis Amspaugh Future Developments Discussion 1.00 290.00
5/8/2018 Financial Analysis Matthes Prep with HLA and Courtland for meeting with DOCS-maps with
future developments etc 0.50 210.00
5/9/2018 Travel Jackson,Jr. 2018 TIF AR-Future Developments Meeting. 0.50 70.00
5/9/2018 Financial Analysis Jackson,Jr. 2018 TIF AR-Future Developments Meeting. 4.00 560.00
5/9/2018 Meeting Amspaugh Mtg w DOCS re Future Development assumptions 4.25 1,232.50
5/9/2018 Travel Matthes 0.50 210.00
5/9/2018 Meeting Matthes Meeting with Mike H at DOCS re:future developments etc 4.25 1,785.00
5/11/2018 Financial Analysis Jackson,Jr. Talking internally through timing of completion and Future
Developments. 0.25 35.00
5/11/2018 Financial Analysis Matthes Big Box Settlement info from Robin Ward,Hamilton County
Assessor,review and fwd to Umbaugh staff;discuss with Courtland 0.50 210.00
5/14/2018 Financial Analysis Amspaugh Future Developments follow up 3.25 942.50
5/14/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 2.75 385.00
5/14/2018 Financial Analysis Matthes working through notes from DOCS meeting and assumptions
regarding Future Developments 1.00 420.00
5/15/2018 Financial Analysis Jackson,Jr. Reviewing Carmel Comparables 2018 Update. 2.75 385.00
5/18/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.50 210.00
5/25/2018 Financial Analysis Matthes discuss 111th&Penn-DOCS or Browning density,missing info-
need M&M-DOCS,new Legacy,etc. 0.25 105.00
5/30/2018 Financial Analysis Amspaugh Review tax exempt property changes 0.25 72.50
5/31/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.00 140.00
5/31/2018 Financial Analysis Jackson,Jr. Hotel Comparable Properties and TIF Estimate. 1.25 175.00
5/31/2018 Financial Analysis Matthes discuss future developments with HLA and Courtland,including
Legacy TIF,IU North PILOT,Meridian Heights,111th&Penn 0.75 315.00
5/31/2018 Financial Analysis Amspaugh TIF Report Future Development discussion;Email w Henry 0.75 217.50
6/1/2018 Teleconference Jackson,Jr. BIG TIF Projects call. 1.00 140.00
6/1/2018 Teleconference Amspaugh Call w Henry re Future Development assumptions;Email to DOCS re
development follow up 1.25 362.50
6/4/2018 Financial Analysis Matthes email from Alexia re:future developments and comments on follow-
up on M&M etc.w/HLA and CJ 0.50 210.00
6/5/2018 Financial Analysis Amspaugh Future Developments Discussion w Loren;Summarize for Courtland
to revise Future Developments schedules 0.50 145.00
6/5/2018 Financial Analysis Matthes discussing info on future devts from Alexia,Henry etc and
assumptions for TIF Report with HLA 0.50 210.00
6/5/2018 Financial Analysis Matthes another email from Alexia re:future developments and additional
comments on follow-up on M&M etc.w/HLA and CI 0.25 105.00
6/6/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 4.00 560.00
6/6/2018 Financial Analysis Amspaugh Review Excess Legacy schedules;Review hotel TIF estimate comps 1.25 362.50
6/7/2018 Financial Analysis Matthes review report schedules with Heidi and discuss various report
assumptions,comparison schedule and coverage,impact of various
changes,financial checks and reviews,appeals,etc.,review changes
to Legacy TIF FS report;call Sue Finkham to discuss assumptions
regarding apartments and other devts in Legacy TIF Area,upcoming
Finance Committe discussion of Legacy excess,2018 TIF estimates
and coverage,etc.;additional notes/change to Legacy TIF report 4.00 1,680.00
6/7/2018 Financial Analysis Amspaugh Review TIF Report 4.50 1,305.00
6/8/2018 Financial Analysis Balsano TIFReport Review 0.25 33.75
6/8/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 3.75 525.00
6/8/2018 Financial Analysis Amspaugh Review TIF Report 1.50 435.00
6/10/2018 Financial Analysis Balsano TIF Report Review 2.50 337.50
6/11/2018 Financial Analysis Balsano TIF Report Review 1.75 236.25
6/12/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.25 175.00
6/12/2018 Financial Analysis Amspaugh Review TIF Report;Dicsussion w Greg 7.00 2,030.00
6/12/2018 Financial Analysis Balsano TIFReport Review 0.75 101.25
6/12/2018 Financial Analysis Matthes reviewing/discussingTIF schedules,assumptions,and Legacy TIF
and Legacy TIF report with Heidi;VM to Henry;Bruce D.re:info for
Finance Committee meeting 6/13 and Legacy TIF excess,and BIG
TI F coverage,etc. 2.00 840.00
6/13/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 5.50 770.00
6/13/2018 Financial Analysis Amspaugh TIF Report;Legacy Excess TIFwork 7.00 2,030.00
6/13/2018 Financial Analysis Balsano TIFReport Review 1.25 168.75
6/13/2018 Meeting Matthes meeting with Council Finance Committee re:Excess Legacy TIF for
BIG TIF 1.00 420.00
6/13/2018 Travel Matthes 0.75 315.00
6/13/2018 Umbaugh Reports-Prep Matthes 2.00 840.00
6/13/2018 Umbaugh Reports-Prep Matthes 1.00 420.00
6/14/2018 Financial Analysis Amspaugh TIF AR Review;Legacy excess PDF and send to Jacob 0.75 217.50
6/15/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 0.75 105.00
6/20/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 0.50 70.00
6/26/2018 Financial Analysis Amspaugh TIF Report 0.50 145.00
6/26/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 0.25 35.00
6/26/2018 Financial Analysis Matthes reviewing,discussing 2018 est.with HLA and TAS-next steps;also
question from Ralph 0.75 315.00
6/27/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 3.25 455.00
6/27/2018 Financial Analysis Mouser review TIF Report comparison&changes 0.50 125.00
6/27/2018 Financial Analysis Amspaugh Review TIF AR 4.00 1,160.00
6/27/2018 Financial Analysis Matthes 2018 TIF est.to Henry;discussing and working on additional TIF est
comparison info with HLA/Courtland;discuss General Comments
and Mgmt Rep letter prep etc. 1.00 420.00
6/28/2018 Financial Analysis Amspaugh TIF Report General Comments 3.50 1,015.00
6/28/2018 Financial Analysis Matthes TIF info;article-City acquires Mohawk Landing 0.25 105.00
6/29/2018 Teleconference Amspaugh Call w Henry to discuss TIF Report assumptions 1.25 362.50
6/29/2018 Teleconference Jackson,Jr. DRAFT 2018 TIF AR Discussion. 1.00 140.00
6/29/2018 Financial Analysis Matthes discussing 2018 TIF estimate and assumptions on new and future
developments with Henry;additional discussions with HLA 1.00 420.00
7/2/2018 Financial Analysis Matthes Report-discuss timing and Henry's comments on 6/29 with
Courtland 0.25 105.00
7/3/2018 Financial Analysis Matthes TIF Report-update Scott M.re:2018 TIF estimate,conversation
with Henry,hotel loan status,term sheets,etc 0.25 105.00
7/5/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 3.25 455.00
7/5/2018 Financial Analysis Matthes Report-Monon&Main IC's-question/respond-Brad @ B&T;final
documents from Brad from WSH 0.50 210.00
7/5/2018 Financial Analysis Matthes Feasibility-working with Courtland on Comparisons of Estimated
TIF to Actual TIF per past Umbaugh TIF Reports;also CRC Revenue
comparisons,also future TIF estimate comparisons 1.00 420.00
7/6/2018 Financial Analysis Jackson,Jr. 2018 TIF Report. 2.25 315.00
7/6/2018 Financial Analysis Matthes TIF Report-reviewing Report General Comments(GC) 1.00 420.00
7/7/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 0.25 35.00
7/9/2018 Financial Analysis Matthes Feasibility-reviewing revised Comparisons of Estimated TIF to
Actual TIF per past Umbaugh TIF Reports;also CRC Revenue
comparisons,also future TIF estimate comparisons 1.00 420.00
7/12/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.75 245.00
7/12/2018 Financial Analysis Matthes Feasibility-touch base with Courtland on changes to Comparisons
of Estimated TIF to Actual TIF per past Umbaugh TIF Reports;CRC
Revenue comparisons,etc. 0.25 105.00
7/13/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 2.00 280.00
7/13/2018 Financial Analysis Amspaugh Report 0.25 72.50
7/18/2018 Financial Analysis Matthes Report-Clavian big 2019 appeal,residential and other pruning,
neutralization,etc.-discuss with HLA 0.50 210.00
7/19/2018 Financial Analysis Amspaugh Report:RSICs Calc from Pedcor discussion w Courtland 0.25 72.50
7/20/2018 Financial Analysis Matthes question from Henry re:2015 TIF coverage;send thoughts to Heidi 0.25 105.00
7/23/2018 Communications Amspaugh Email Henry re TIF Report variances 0.50 145.00
7/24/2018 Financial Analysis Amspaugh Report:General Comments 1.00 290.00
7/26/2018 Financial Analysis Amspaugh Report:Email Henry TIF Report changes summary 0.25 72.50
8/1/2018 Financial Analysis Amspaugh Report:Review TIF AR 0.50 145.00
8/6/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 1.00 140.00
8/6/2018 Financial Analysis Amspaugh Report:TIF AR General Comments 3.00 870.00
8/7/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 3.00 420.00
8/7/2018 Financial Analysis Amspaugh Report:TIF AR and Management Rep Letter 3.50 1,015.00
8/8/2018 Financial Analysis Jackson,Jr. Report-2018 TIF AR. 0.75 105.00
8/10/2018 Financial Analysis Matthes TIF Report review 1.00 420.00
8/13/2018 Financial Analysis Matthes Report-discuss changes and additional info needed with HLA 0.50 210.00
8/20/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 0.75 105.00
8/20/2018 Financial Analysis Amspaugh Report:TIF AR;Call w Henry re Hotel construction loan 1.25 362.50
8/21/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 3.25 455.00
8/21/2018 Financial Analysis Amspaugh Report:TIF AR 1.00 290.00
8/22/2018 Financial Analysis Jackson,Jr. 2018TIFAR. 0.50 70.00
8/22/2018 Financial Analysis Matthes Report-review Chapman comments to SPR;comments to our team 1.00 420.00
8/23/2018 Financial Analysis Matthes Report-Chapman comments to SPR;discuss changes to make to
SPR; 0.50 210.00
8/24/2018 Financial Analysis Jackson,Jr. Updating Management Rep Letter. 1.25 175.00
8/24/2018 Financial Analysis Matthes Report-Mgmt Rep Letter review and revisions;TIF Report review
and revisions;SPR revisions;discuss with HLA 2.75 1,155.00
8/26/2018 'Financial Analysis Amspaugh Report:TIF AR and Mgmt Rep Ltr 1.25 362.50
8/27/2018 Financial Analysis Jackson,Jr. 2018 TIF AR. 1.00 140.00
8/31/2018 Financial Analysis Matthes Report-TIF Report comments/questions/responses w/Ryan from
WSH 0.50 210.00
9/4/2018 Financial Analysis Matthes Report-emails from Mike and Henry re:CC2,western and eastern
motorcourt area changes,and hotel TIF;discuss with Heidi 0.50 210.00
9/4/2018 Financial Analysis Amspaugh Hotel TIF Calc update;Call w Henry and Mike;Mgmt Rep Letter and
GC update 2.75 797.50
9/5/2018 Financial Analysis Matthes Report-discuss Hotel TIF and Henry's comments;call with Henry
and Mike Lee 1.00 420.00
9/5/2018 Communications Amspaugh Call w Mike Lee re Hotel TIF Estimate;TIF Report update 0.75 217.50
9/6/2018 Financial Analysis Matthes Report-draft email to accompany TIF Report re:hotel TIF
assumptions,bond payments,etc in 2017 and 2018 TIF Reports 0.50 210.00
9/13/2018 Financial Analysis Amspaugh Report:TIF Report 1.00 290.00
10/31/2018 Communications Amspaugh Email re Appeals 0.25 72.50
Subtotal-2018 TIF Report through 12/15/18 355.25 $ 84,797.50
H. J. Umbaugh & Associates
Certified Public Accountants,LLP
8365 Keystone Crossing,Suite 300
Indianapolis,IN 46240-2687
(317)465-1500
Mr. Henry Mestetsky, Executive Director
Mr. Mike Lee, Finance Director
Carmel Redevelopment Commission
30 West Main Street, Suite 220
Carmel, IN 46032
hmestetsky@carmeLin.gov
mlee@carmeLin.gov
Re: Municipal Advisory Services Related to Revenue Estimates
and Bond Financing in connection with the City Center Hotel Project
Invoice No. 156064, 156073-75 Please Include Invoice Number with Remittance
Date 11/26/2018
Client No. C00600.MUN11, RED13, 68, 70
For professional services rendered from October 31, 2017 through November 15, 2018 in connection with
the financial planning of the above-named Bonds. Financial planning services included preparation of
historical and estimated Tax Increment(TIF) information and report, historical and estimated local Income
Tax (LIT) revenue information, and additional information related to proposed LIT legislative changes;
preparation of numerous financial feasibility and bond structuring analyses; integration of the hotel loan
financing and assistance with questions related to the "BIG TIF" coverage and TIF Report; integration of
excess Legacy TIF and assistance with Council questions and meetings; assistance with re-configuration
of Motorcourt West (hotel) TIF Allocation Area; financial planning meetings and discussions with Mayor,
City Council, Redevelopment Commission, Redevelopment Authority and the Carmel Bond Bank;
financing terms for bond documents; preparation of Preliminary Official Statement and Special Purpose
Accounting Report; assistance with financing term sheet and bids for private placement of the Bonds;
legal review related to disclosure; and other related services; in accordance with Engagement Letters
dated March 14,2017 and February 16,2018; and a Supplemental Agreement dated July 16, 2018.
See attached detail of services.
Financial Advisory Fees $ 231,796.50
TIF Report 84,797.50
Hotel-Disclosure Fees 79.330.00
Current Amount Due $ 395.924.00
WIRING INSTRUCTIONS
H J Umbaugh&Associates
Certified Public Accountants, LLP
Key Bank, N.A.
202 S. Michigan Street
South Bend, IN 46601
Account Number-12155-04838
Routing Number-041001039
Carmel Redevelopment Commission
Re: Municipal Advisory Services Related to Revenue Estimates
and Bond Financing in Connection with the City Center Hotel Project
Invoice Supporting Detail
Invoice Date: 11/26/18
Invoice No.: 156064,156073-75
Date Service Description Employee Memo Hours Fees
10/31/2017 Correspondence Matthes Emalls related to Coury hotel net revenue projection with Umbaugh
CRC-TIF Revenues estimate and DSCR schedule;questions 0.50 200.00
10/31/2017 Financial Analysis Matthes Review info related to Corrie's request for Coury hotel net revenue
projection combined with Umbaugh CRC-TIF Revenues estimate
and DSCR schedule;questions 0.75 300.00
11/3/2017 Financial Analysis Matthes reviewing Coury calculations of net income,debt payments and
additional prinicipal;discuss with TAS and HLA re:report schedules
to include Coury hotel net revenues;discuss schedule and
calculations with Corrie Meyer S.00 400.00
11/3/2017 Financial Analysis Amspaugh Disc w Loren re Hotel FS update;Call w Corrie 1.25 343.75
11/17/2017 Correspondence Matthes Haas email re:set-up meeting with CRC&Pedcor and Umbaugh&
attorneys;financial Info and schedules needed for banks,etc. 0.25 100.00
11/17/2017 Financial Analysis Matthes planning for meeting with CRC&Pedcor and Umbaugh&attorneys;
financial info and schedules needed for banks,etc 0.25 100.00
11/20/2017 Financial Analysis Matthes planning and schedule prep for meeting with CRC&Pedcor and
Umbaugh&attorneys;reviewing and discussing financial info and
schedule with Heidi 1.00 400.00
11/20/2017 Financial Analysis Amspaugh Hotel Comparison schedule 4.00 1,100.00
11/21/2017 Travel Matthes 0.50 200.00
11/21/2017 Financial Analysts Matthes planning and schedule prep for meeting with CRC&Pedcor and
Umbaugh&attorneys;reviewing revised financial info 1.00 400.00
11/21/2017 Meeting Matthes Meeting with CRC Director,Mike Lee and attorneys 2.00 800.00
11/27/2017 Financial Analysis Matthes discuss and plan report and schedule revisions with Heidi;email to
WG;start report letter 1.25 500.00
11/28/2017 Financial Analysis Amspaugh Hotel Comparison schedule;disc w Loren 2.00 550.00
11/28/2017 Financial Analysis Matthes discuss schedule revisions with Heidi;review and revise schedule;
email schedule to Bruce;report letter 4.00 1,600.00
11/29/2017 Teleconference Samuelson Conference call with Loren,Heidi 1.00 440.00
11/29/2017 Financial Analysis Amspaugh Hotel schedule discussion 1.25 343.75
11/29/2017 Financial Analysis Samuelson Review report 1.75 770.00
11/29/2017 Financial Analysis Baldessari Carmel letter/schedule 2.50 900.00
11/29/2017 Financial Analysis Matthes Hotel TIF Transmittal letter etc-discuss with TAS and Doug 4.00 1,600.00
11/30/2017 Financial Analysis Samuelson Discussion w/Doug 0.25 110.00
11/30/2017 Financial Analysis Baldessari 1.00 360.00
11/30/2017 Financial Analysis Amspaugh Hotel Comparison Schedule 2.OD 550.00
11/30/2017 Financial Analysis Matthes revising schedule and footnote detail;Mgmt Rep Letter and
assumptions(discuss with Doug,HLA) 3.25 1,300.0
12/1/2017 Financial Analysis Amspaugh Hotel Comparison schedule 1.00 275.00
12/1/2017 Financial Analysis Matthes completely revise Transmittal letter re Hotel TIF Comparison
Schedule;create Summary of Significant Assumptions;draft new
Management Rep Letter,email to TAS and Doug;note schedule 8.00 3,200.00
12/4/2017 Correspondence Matthes respond to Henry's questons re:extra$3 million for Pedcor Land
and potential loan extra reserve 0.25 100.00
12/11/2017 Financial Analysis Matthes revisions to report,assumptions and MRL 1.00 400.00
12/11/2017 Financial Analysis Amspaugh Finalize schedule 1.25 343.75
12/13/2017 Financial Analysis Matthes finalize CC Hotel Revenue and Obligations Comparison report,
assumptions and schedule-final edits;scan,transmittal to client
and WG;also send Draft TIF Report 12/14/17;scan and send; 2.00 800.00
1/3/2018 Financial Analysis Mouser hotel,cont call,discuss w/Loren 1.50 375.00
1/3/2018 Teleconference Matthes call with Henry and WG re hotel and land acquisition proceeds 0.50 210.00
1/3/2018 Financial Analysis Matthes S&U schedules-find 71717 Maximums and prep final S&U 1.25 525.00
1/4/2018 Financial Analysis Mouser hotel 1.25 312.50
1/4/2018 Financial Analysis Matthes B&T email re:hotel and CRC land acq funding-2017 Bonds and
2016 COIT Bond proceeds 0.25 105.00
1/4/2018 Financial Analysis Matthes S&U schedules-find 71717 Maximums and prep final S&U 1.00 420.00
1/5/2018 Financial Analysis Matthes debt info for Mayor 0.50 210.00
1/8/2018 Financial Analysis Matthes Question and HLA response to Ann Bingman re:difference in Legacy
prior bond fund#in FOS and final Closing Letter 0.25 105.00
1/8/2018 Correspondence Matthes Memo from Bruce D.to Henry re:the hotel project,land
acquisition,road and other improvements and the original funding
plans for the 2017 Bonds and switch to fund$8 million of land
acquisition with the 2016 COIT proceeds.Alternatives included
increasing TIF bond issue in 2018;respond to Bruce regarding LOO 420.00
1/8/2018 Financial Analysis Amspaugh Project discussion 0.50 145.00
{
1/9/2018 Financial Analysis Matthes Mike Lee re:LegacyTIF-final 2017 balance etc. 0.25 105.00
1/9/2018 Financial Analysis Jackson,Jr. Gateway Debt Reports. 1.00 140.00
1/9/2018 Financial Analysis Mouser Various-hotel,Legacy,other 1.00 250.00
1/9/2018 Financial Analysis Matthes Final 5&U-change to B-1 Bonds-save in LF CBB Final,etc. 0.25 105.00
1/9/2018 Financial Analysis Amspaugh DLGF Debt reports review 1.00 290.00
1/10/2018 Financial Analysis Jackson,Jr. Gateway Debt Reports. 1.00 140.00
1/11/2018 Travel Matthes 0.50 210.00
1/11/2018 Meeting Matthes Prep and attend CBB Board meeting 1.00 420.00
1/12/2018 Financial Analysis Jackson,Jr. Gateway debt reports. L00 140.00
1/12/2018 Financial Analysis Mouser Hotel,126th&Gray,other various 1.50 375.00
1/12/2018 Financial Analysis Matthes Emails and financial information re:CRC budget,hotel loan,impact
of different loan or bond amounts on DSCR;calculations and email
response;additional emails and calc's etc related to question about
concept of CRC-CDC grants for 126th&Grey;discussion of impact
on BIG TIF;potential losses due to M&M,MISO appeal etc 2.00 840.00
1/16/2018 Financial Analysis Mouser- Various 2.00 509.00
1/16/2018 Correspondence Matthes Question from Laurie Siler re:historical TIF info. Find and send
2017 Draft TIF Report with Historical TIF schedule. 0.25 105.00
1/17/2018 Financial Analysis Mouser Secondary IC 0.25 62.50
1/22/2018 Financial Analysis Matthes Financial planning-discussing land acquisition and projects(such as
Mohawk Place-Monon Plaza),City Center II,hotel project,126th
and Grey,etc.,Meridian&Main,BIG TIF coverage;Council 3.50 1,470.00
1/22/2018 Meeting Amspaugh Meeting and Prep 4.25 1,232.50
1/23/2018 Correspondence Matthes Responding to question from COB Pres and Christine re:S&P Global
rating criteria-gather info to send and draft explanation;Susan; 0.50 210.00
1/23/2018 Correspondence Amspaugh Emails re Call and mtg set-up 0.25 72.50
1/24/2018 Financial Analysis Matthes Landon Boehm,Hilliard Bank 1.25 525.00
1/24/2018 Teleconference Matthes Christine re:S&P info for Frank,2017 TIF Report,invoices,etc. 0.25 105.00
1/24/2018 Financial Analysis Reed Review handbooks and work on the scope of the handbook,meet
with Matthes,send materials pertaining to Board questions 1.00 330.00
1/24/2018 Financial Analysis Matthes Handbook with Susan 1.00 420.00
1/24/2018 Teleconference Amspaugh Wkg Group call w 1st Internet Bank re hotel construction loan;Disc
w Henry;BMO discussion w Loren 2.00 580.00
1/24/2018 Financial Analysis Matthes
call with First Internet Bank and Henry;post-tall with Henry 2.00 840.00
1/25/2018 Financial Analysis Mouser City Center Phase 2 info;debt limit calc as of 12/31/17 for 2.00 500.00
1/25/2018 Financial Analysis Mouser debt limit calc 0.25 62.50
1/25/2018 Financial Analysis Matthes TIF Talking Points-Council questions 1.50 630.00
1/26/2018 Financial Analysis Mouser 12/31/17 debt limit calc,other various 3.00 750.00
1/26/2018 Financial Analysis Reed work on scope of work 0.25 82.50
1/26/2018 Teleconference Matthes First Internet Bank-return call to Tim busing re:hotel loan and TIF
cash flow,coverage concerns,etc. 0.50 210.00
1/28/2018 Correspondence Matthes Send info to Frank Abercrombie,CBB Chair,re:S&P Global rating
criteria;along with explanation 1.50 630.00
1/28/2018 Financial Analysis Matthes finish list of ideas and concerns regarding projects and funding,BIG 1.00 420.00
1/30/2018 Financial Analysis Mouser 12/31/17 debt limit calc for Coonrod,other various 1.00 250.00
1/30/2018 Financial Analysis Amspaugh Discussion w Henry re City Center 2 and Hotel impact 0.75 217.50
1/30/2018 Financial Analysis Matthes Meeting with Henry and Mikes and Jenny-discussing hotel
loan/grant;various options,etc. 1.00 420.00
1/30/2016 Financial Analysis Matthes Pedcor CC2 work-prepare email to follow up convo re:TIF
assumptions and actual;changes re:hotel,Eastern Motorcourt,etc 1.00 420.00
1/31/2018 Teleconference Amspaugh Call w Ralph 0.75 217.50
1/31/2018 Financial Analysis Matthes Call with Henry and Ralph McGinley re:hotel loan/CRC grant,CRC
TIF revenues and coverage,etc.;follow-up-find and send 5&P
Rating Report;communications with Bruce D re:MO and approvals, 1.50 630.00
2/2/2018 Financial Analysis Mouser Discuss various w/Loren,City Center 2,hotel,other info to Mike 2.00 500.00
2/2/2018 Financial Analysis Matthes Working on City Center 2 TIF with Andy-checking Allocation Areas
and original assumptions and buildings,etc regarding Eastern
Motor Court,Hotel,etc.;discuss air rights 1.50 630.00
2/5/2018 Financial Analysis Matthes Tim-Christine re:UW RFPs and 2017 carry-over bonds,etc. 0.25 105.00
2/5/2018 Financial Analysis Amspaugh Call w Henry re construction loan L00 290.00
2/5/2018 Financial Analysis Matthes call with Landon re:hotel financing;thoughts on MO vs general
revenue pledge,rating,etc.;list of discussion points for Henry,Vm
to Henry 1.00 420.00
2/6/2018 Teleconference Matthes Call with Henry re:hotel loan update,options 0.50 210.00
2/6/2018 Correspondence Amspaugh Call w Landon re construction loan;Discussion w Loren 1.00 290.00
2/6/2018 Financial Analysis Matthes Send various financial info to Landon re:hotel financing;hotel pro
forma,Umbaugh report with CRC and hotel revenue comparison,
and big TIF Report. Discuss schedules and answer questions.
Discuss MO,general revenue pledge,sinkers vs super sinker,rating,
etc.;call with Henry re:Hotel options and status ofvarious options-
separate real estate and muni loans,etc.,wait to pursue MO or
other options 2.00 840.00
2/7/2018 Financial Analysis Matthes Work related to CC2 Bonds,Eastern Motorcourt building and Hotel
TIF estimate as it impacts BIG TIF;drafting Memo to Henry and
Jenny;reviewing 2016 CBS Taxable Special Program Bonds(City 2.00 840.00
2/14/2018 Teleconference Mouser Moody's surveillance-prep&rating calls 2.50 625.00
2/27/2018 Financial Analysis Matthes Additional questions from Moody's 1.00 420.00
2/27/2018 Financial Analysis Matthes Hotel financing status update-Henry et at;follow-up on the hotel
TIF and Motorcourt West/East 0.25 105.00
2/28/2018 Financial Analysis Matthes Working on responses to Moody's surveillance questions-provide
detail on 2018 Bond issues and future borrowing plans;
Incorporating Coonrod responses;add to Home Place 2.50 1,050.00
3/1/2018 Correspondence Matthes Discussion of potential Insert In bond and disclosure documents
regarding FHLBI collateral and potential addition to CBB debt policy 0.50 210.00
3/1/2018 Financial Analysis Matthes HB 1104 amended with language that would shift LIT(COIT)from
Carmel to Fishers. read bill and fiscal note.Info to Mayor;
discussions with Bruce Donaldson 2.00 840.00
3/2/2018 Financial Analysis Matthes Additional communications with Mayor,Finkham,Bruce Donaldson
regarding HB 1104 and Carmel.Fishers revenue shift;calculations; 2.00 840.00
3/2/2018 Teleconference Amspaugh Call w Satin Bank 0.50 145.00
3/5/2018 Financial Analysis Matthes Moody's surveillance rating and review draft rating reports;
checking population,debt list,2010 Refunded Bonds,etc.;draft 1.75 735.00
3/6/2018 Financial Analysis Mouser info re:Carmel COIT legislation,COIT coverage 0.50 125.00
3/6/2018 Financial Analysts Matthes HB 1104 LIT shift Carmel to Fishers-calculation of LIT debt
coverage for Mayor;2nd calculation with PAC Bonds,additional
communications with Mayor,Finkham,etc. 1.50 630.00
3/7/2018 Financial Analysis Mouser review Moody's report 1.00 250.00
3/9/2018 Financial Analysts Mouser various info to CRC-Mike Lee re:NBI Certificate of Compliance for
Arts Lofts bonds 0.75 187.50
3/15/2018 Financial Analysis Mouser review advance refunding Info for CAFR 3-00 250.00
3/16/2018 Financial Analysis Matthes discuss Dave Bower-Centler Bank info requests and Info to send in
connection with hotel financing 1.00 420.00
3/20/2018 Financial Analysis Matthes Talk with Ann Bingman regarding CBB audit and the 2017 B-2 Bonds
that were privately placed with First Merchants. Refer to info in
Closing letter.Additional documentation needed by KSM. Find the
executed Bond Placement Agreement and send to Ann. 1.00 420.00
3/21/2018 Financial Analysis Matthes Respondingto Coonrod and Ben's additional questions related to
Legacy TIF and 2017 LIT Bonds,savings,change from developer
liability to City,etc.,City assets(road improvements,etc)forthe
City Audit notes and also the impact on the City fiscal plan;send 1.25 525.00
3/23/2018 Financial Analysis Matthes Susan re:Elbe[-Bond Bank debt policy change-draft FHLB
language;engage letter and handbook outline 1.00 420.00
3/23/2018 Financial Analysis Matthes Respond to Henry re:question about hotel related bond terms,etc 0.25 105.00
3/26/2018 Financial Analysis Matthes Cromer re:unspent bond proceeds found in a depository account
held by Trustee-2017 COIT Refunding Bonds. 0.25 105.00
3/26/2018 Financial Analysis Matthes Indy Star article on Carmel Hotel financing;follow-up question from
Henry re:Council hotel approvals 0.50 210.00
3/29/2018 Financial Analysis Matthes Additional communications with)im Eibel,Susan and Bruce D.
regarding the FHLB collateral disclosure language and CBB debt 0.75 315.00
3/29/2018 Legal Documents Amspaugh Review of City Center II Bond committments/components 3.75 1,087.50
4/2/2018 Financial Analysis Matthes Approvals deadline for Hotel related series 0.25 105.00
4/3/2018 Teleconference Matthes Discuss Jim Eibel and FHLB collateral pursuits,CBB debt policy
amendment,CBB Agenda;also discuss hotel financing update from 0.75 315.00
4/3/2018 Disclosure Reed review emails and make language revisions,follow up email 0.50 165.00
4/3/2018 Teleconference Matthes call with Henry and Mike re:Hotel financing update; 0.25 105.00
4/3/2018 Teleconference Amspaugh Working Group call re Hotel/Park East Bonds;Disc w Loren 1.00 290.00
4/4/2018 Financial Analysis Matthes final revisions to tangange for amended debt policy regarding FHLB
collateral OS language when applicable,Susan,Bruce 0.50 210.00
4/4/2018 Financial Analysis Amspaugh Review Ryan's summary email re CCII;Disc w Loren 0.50 145.00
4/4/2018 Financial Analysis Amspaugh Email Henry re TIF update for CC II;Wkg Grp emaits 0.50 145.00
4/5/2018 Disclosure Reed Policy revisions and email 0.25 82.50
4/5/2018 Meeting Reed Attend and prepare for bond bank meeting 1.50 495.00
4/5/2018 Financial Analysis Mouser Various re:City Center 2&hotel 1.50 375.00
4/5/2018 Financial Analysis Matthes Final revised debt policy;prep for meeting 0.50 210.00
4/5/2018 Financial Analysis Matthes CBB meeting re:Amend CBB Debt policy for FHLB collateral
language,call with Taylor rep;Hotel financing update and 1.50 630.00
4/5/2018 Travel Matthes 0.50 210.00
4/11/2018 Correspondence Mouser Call from Mike Lee re:20100 COPS&2016C bonds,follow-up 1.50 375.00
4/11/2018 Financial Analysis Amspaugh City Center Phase 2 TIF update email to Pedcor 0.25 72.50
4/13/2018 Financial Analysis Matthes respond to Bruce D./Ralph McGinley re:question about CRC TIF
Report and inclusion of 2018 hotel TIF/SBT series and hotel loan;
respond to Henry/Ralph re;CRC financial statements for Banks 0.50 210.00
4/26/2018 Teleconference Mouser conf.call w/J.Lubovich @ Stifel&F.San Emeterio @ Wells Fargo 2.00 500.00
4/27/2018 Teleconference Reed plan for handbook and application discussions 0.25 82.50
4/27/2018 Correspondence Matthes Respond to Ann and Christine re:marketing materials and Schuler's
question about QE issuing through the CBB instead of Noblesville;
CBB would need criteria and application form for non-Carmel QE's,
etc,Susan re:debt polity re:non-Carmel QE's;handbook;filing C8B 0.75 315.00
4/27/2018 Financial Analysis Amspaugh Discussion w Loren re Mtgw Mayor 0.50 145.00
5/1/2018 Correspondence Mouser Advance refundings 0.25 62.50
5/2/2018 Financial Analysis Mouser Advance refundings info 2.50 625.00
5/4/2018 Correspondence Mouser Hotel,various 0.50 125.00
5/4/2018 Financial Analysis Matthes Correspondence from Ryan at WSH and Mike Lee regarding Hotel
loan commitments and hotel bond timing. Estimate timing for POS
rating etc Respond to email regarding approval from Christine-
Carmel Bond Bank Director/Board before begin bond process. 1.00 420.00
5/4/2018 Financial Analysis Matthes Discuss capital plan and funding and follow-up tasks-following
meeting with Mayor and Councilmen 0.50 210.00
5/8/2018 Teleconference Matthes Call from Ralph McGinley on financials of CRC;send City
Audits/CAFR to Ralph 0.25 105.00
5/8/2018 Correspondence Matthes Email Henry about hotel terms and bond timing 0.25 105.00
5/8/2018 Teleconference Amspaugh Call w Ralph McGinley re City financial info;Disc w Loren 0.50 145.00
5/11/2018 Teleconference Matthes Discuss hotel loan timing and bond issue timing,etc.with Henry and 0.25 105.00
5/14/2018 Financial Analysis Amspaugh Discussion oftimetable;Email Wkg Group 1.00 290.00
5/14/2018 Financial Analysis Matthes Bond planningfor Hotel LlTand TIF Series 2018;communications 1.00 420.00
5/15/2018 Financial Analysis Mouser Hotel-discuss w/L.Matthes 0.50 125.00
5/15/2018 Disclosure Reed Handbook discussion and strategy 0.25 82.50
5/15/2018 Teleconference Matthes Sue Finkham re:Legacy TIF estimate,LIT discussion with other
Councils,Carmel Projects etc 0.50 210.00
5/16/2018 Disclosure Matthes Discuss handbook 0.25 105.00
5/16/2018 Meeting Reed Meeting to discuss handbook and follow up 0.50 165.00
5/16/2018 Disclosure Jackson,Jr. CBB Hotel Bonds-Preliminary Official Statement(POS)Intro P 4.25 595.00
5/16/2018 Disclosure Mouser Assist Courtland w/Bond Bank OS 0.75 187.50
5/17/2018 Disclosure Jackson,Jr. CBB Hotel Bonds intro P. 7.25 1,015.00
5/17/2018 Disclosure Mouser Hotel-assist C.Jackson w/Intro P 0.50 125.00
5/18/2018 Disclosure Jackson,Jr. CBB Hotel Bonds Intro P. 3.25 455.00
5/18/2018 Disclosure Mouser Assist C.Jackson w/Intro P O.SD 125.00
5/21/2018 Disclosure Mouser Info to Alicia re:arbitrage;hotel bonds Intro P proofing,other 2.00 500.00
5/21/2018 Disclosure Matthes POS and touching base with HLA,Courtland,Andy;Henry's email to
Christine Pauley;supporting bond documents,2018 accounts etc. 1.00 420.00
5/21/2018 Financial Analysis Matthes Legacy TIF: review new development info from Developer;discus
TIF estimate assumptions with HLA and Courtland;emails with
Henry re:Council Finance Committee etc 0.75 315.00
5/21/2018 Financial Analysis Jackson,Jr. CRC Legacy Excess TIF Update. 2.75 385.00
5/22/2018 Teleconference Jackson,Jr. Call with Landon. 1.00 140.OD
5/22/2018 Disclosure Jackson,Jr. POS Accounting Report(AR) 4.75 665.00
5/22/2018 Financial Analysis Mouser Discuss w/C.Jackson 1.25 312.50
5/22/2018 Teleconference Amspaugh Call w Landon;Internal discussion 2.00 580.00
5/22/2018 Teleconference Matthes Christine Pauley 0.25 105.00
5/22/2018 Financial Analysis Matthes Bond and financial planning with HLA,Landon and Courtlanc 1.00 420.OD
5/23/2018 Disclosure Jackson,Jr. POS AR. 6.50 910.00
5/24/2018 Disclosure Jackson,Jr. POS AR. 3.25 455.00
5/24/2018 Financial Analysis Matthes Bond sale timing planning with I:andon/HLA-CBB meeting and
update on Christine's input 0.25 105.00
5/25/2018 Financial Analysis Mouser Hotel 1.00 250.00
5/25/2018 Correspondence Matthes Respond to Henry 0.50 210.00
5/25/2018 Financial Analysis Amspaugh Emails re Pedcor developments 0.25 72.50
5/25/2018 Financial Analysis Matthes Hotel Term Sheet from Henry-quick read through 0.50 210.00
5/28/2018 Disclosure Matthes POS Intro 1.00 420.00
5/28/2018 Financial Analysis Matthes Carmel Hotel term sheet 0.50 210.00
5/29/2018 Financial Analysis Mouser review 201BA-1&201BA-2 POS 6.50 1,625.00
5/29/2018 Disclosure Osting Discussion w/Reed. 0.25 30.00
5/29/2018 Disclosure Reed prepare for and meeting with Osting re:bond bank handbook 0.50 165.00
5/30/2018 Disclosure Reed discussions and review around research 0.50 165.00
5/30/2018 Disclosure Osting Research and meeting w/Reed. 1.85 222.00
5/30/2018 Financial Analysis Mouser review Intro P,review Hotel info,discuss w/C.Jackson 1.00 250.00
5/30/2018 Disclosure Jackson,Jr. Intro P. 3.75 525.00
5/30/2018 Disclosure Jackson,Jr. POS AR. 0.75 105.00
5/30/2018 Teleconference Matthes Christine Pauley questions re:hotel term sheet,loans and potential
impact on CBB$18 M Bonds,security,TIF,other questions and 0.50 210.00
5/30/2018 Financial Analysis Amspaugh Review distribution list and timetable;Emails w Hilliarc 0.75 217.50
5/30/2018 Financial Analysis Amspaugh Email w Landon re revised numbers 0.25 72.50
5/30/2018 Financial Analysis Jackson,Jr. CRC Legacy Excess TIF Update. 1.00 140.00
5/30/2018 Financial Analysis Amspaugh Request rate information from Tim 0.25 72.50
5/30/2018 Financial Analysis Matthes additional info from Pedcor:CCC Ph 2 TIF updates,Hotel loan
repayment and pro forma;review,formulate questions for Pedcor
related to CCC TIF schedules and related to hotel loans and pro
forma assumptions,etc.;replies from Pedcor 2.00 840.00
5/31/2018 Financial Analysis Jackson,Jr. CRC Legacy Excess TIF Update. 0.50 70.00
5/31/2018 Financial Analysis Mouser discuss w/L Matthes,C.Jackson&H.Amspaugh 2.50 625.00
5/31/2018 Disclosure Jackson,Jr. Intro P&POS AR. 2.75 385.00
5/31/2018 Financial Analysis Jackson,Jr. Internal meeting about Hotel Bonds. 1.50 210.00
5/31/2018 Financial Analysis Matthes questions from Ann and Christine to Bruce et at 0.25 105.00
5/31/2018 Financial Analysis Matthes internal meeting to discuss CCC2 info and impact on hotel TIF etc. 0.50 210.00
5/31/2018 Financial Analysis Amspaugh Discussion re City Center II TIF and PIATT comparison 0.75 217.50
5/31/2018 Financial Analysis Matthes internal meetingto discuss hotel term sheet info and nexttasks 0.50 210.00
5/31/2018 Financial Analysis Sutton Libor and swap rates and History 1.00 330.00
6/1/2018 Financial Analysis Matthes CC2 TIF 0.50 210.00
6/1/2018 Financial Analysis Amspaugh Hilliard Rate review 0.75 217.50
6/1/2018 Financial Analysis Jackson,Jr. CRC Excess Legacy TIF. 1.50 210.00
6/3/2018 Disclosure Matthes review POS 1.00 420.00
6/4/2018 Disclosure Jackson,Jr. Intro P. 0.25 35.00
6/4/2018 Teleconference Jackson,Jr. Call with Hilliard. 0.50 70.00
6/4/2018 Teleconference Amspaugh Review Hilliard numbers;Call w Landon re Rates;Discussion w Tim 0.75 217.50
6/4/2018 Financial Analysis Amspaugh Email w Ben re bonds timing and upcoming rating cal 0.25 72.50
6/4/2018 Disclosure Reed disclosure research re:rating process 0.75 247.50
6/4/2018 Financial Analysis Matthes discuss interest rates from Hilliard with HLA and Tim Sutton;review
schedule;new bond schedules from Hilliard. 0.50 210.00
6/4/2018 Disclosure Matthes discuss POS changes with Courtland;question from Coonrod re:
preparing compiled 2017 GAAP statements for rating app and GI 1.00 420.00
6/4/2018 Correspondence Matthes Ralph McGinley schedule and re-schedule call with bankers 0.25 105.00
6/5/2018 Disclosure Amspaugh C01 estimate disc w Courtland;Ematls 0.75 217.50
6/5/2018 Correspondence Mouser various 0.25 62.50
6/5/2018 Disclosure Jackson,Jr. C01 Calc. L50 210.00
6/5/2018 Disclosure Jackson,Jr. POS AR. 1.25 175.00
6/5/2018 Financial Analysis Mouser CC2 0.25 62.50
6/5/2018 Financial Analysis Amspaugh Review Conrad comp;Hotel TIF Estimate;Disc w Loren 0.50 145.00
6/5/2018 Teleconference Matthes call with Ralph McGinley-Rain Street Advisors,RW Baird and TX
Bank-questions regarding CRC BIG TIF and obligations,coverage,
order of payment,Revenue Deposit Agreement,etc.;notes to file 1.00 420.00
6/6/2018 Financial Analysis Mouser call w/Mike Lee re:Midtown,Sunrise etc.site-specific TIF 0.50 125.00
6/6/2018 Disclosure Jackson,Jr. C01 Calc. 0.50 70.00
6/6/2018 Disclosure McKinney Start on POS-City General Information(GI) 9.25 1,480.00
6/6/2018 Financial Analysis Reed address GI prep and questions 0.25 82.50
6/6/2018 Financial Analysis Matthes Respondingto Ann's question about FDIC law change and muni
bond investments,Impact on market etc-Susan articles from GFOA
and NABL,bond market impacts from Tim Sutton,summarize to 0.50 210.00
6/6/2018 Correspondence Matthes CBB-responding to Christine's email re:bonds and bond rating
timing;provide Henry's email,Coonrod-Roeger email,and
summarize timing discussion,bond planning,and pertinent issues. 0.75 315.00
6/6/2018 Disclosure Amspaugh Review POS 5.75 1,667.50
6/6/2018 Financial Analysis Jackson,Jr. CRC Excess Legacy TIF. 0.50 70.00
6/6/2018 Teleconference Matthes call Bruce D.to discuss the order of payment of TIF Bonds,Reserve
and subordinate hotel loan in light of call with Ralph McGinley and 0.50 210.00
6/7/2018 Financial Analysis Jackson,Jr. CRC Excess Legacy TIF. 0.75 105.00
6/7/2018 Disclosure Keller POS-Review CD compliance paragraph 0.50 80.00
6/7/2018 Financial Analysis Mouser various 1.2S 312.50
6/7/2018 Disclosure Jackson,Jr. Intro P and POS AR. 2.50 350.00
6/7/2018 Teleconference Jackson,Jr. Cali with Christine. 1.50 210.00
6/7/2018 Disclosure McKinney Work on GI-OPER disclosure 6.75 1,080.00
6/7/2018 Disclosure Mickens Intro P 0.50 60.00
6/7/2018 Disclosure Mickens Intro P 0.25 30.00
6/7/2018 Disclosure Reed meeting to discuss financial disclosures,and review of language 1.50 495.00
6/7/2018 Correspondence Matthes Call with Christine,Ann,Frank and Bruce D.re:CBB extension of
bonds related to the hotel;discuss bond preparation(POS and
rating)and timing with hotel loan,and questions about hotel loan
term sheet(for Henry);timing with regard to 2017 City Audit by
SBOA,2017 adjustments,no compilation,etc.;underwriter
selection for all the bond series,etc.;post-call discussion/planning; 1.50 630.00
6/7/2018 Financial Analysis Matthes LIT-COIT#to use in Accounting Report from Fiscal Plan;Coonrod
cannot authorize use to document to go to 3rd party;email Mayor
Brainard for authorization to use est 2019 COIT from City's 6/4/18
Fiscal Plan 0.50 210.00
6/7/2018 Disclosure Matthes internal discussions w/Susan and Dan related to City audits,timing,
2017 delayed SBOA audit or Compilation;review 2016 CARF/Audit
and discuss incorporation ofsections into POS Appendix A and link
with full CAFR,etc.;discussion with Donaldson 1.50 630.00
6/7/2018 Disclosure Amspaugh Review POS Intro 2.00 580.00
6/7/2018 Teleconference Amspaugh Call w Christine and Henry re Term Sheet 0.75 217.50
6/8/2018 Disclosure McKinney Work on GI,debt,pension info 4.25 680.00
6/8/2018 Meeting Reed discussion on GI disclosure language;follow up 0.25 82.50
6/8/2018 Disclosure Matthes Bruce D.re:POS disclosure info 0.50 210.00
6/10/2018 Disclosure Jackson,Jr. Proofing GI. 3.25 455.00
6/10/2018 Disclosure McKinney Confirm debt with Gateway and put Pension info from CAFR in pdf
to Word to GI 2.75 440.00
6/11/2018 Disclosure Jackson,Jr. Proofing GI. 0.50 70.00
6/11/2018 Disclosure McKinney Make Courtland's revisions,format the Word version of all the
pension information pages. 4.50 720.00
6/11/2018 Disclosure Amspaugh Discussion w Loren re POS;Call w Todd 1.00 290.00
6/11/2018 Financial Analysis Mouser analysis 1.25 312.50
6/12/2018 Financial Analysis Mouser discuss w/L.Matthes 1.00 250.00
6/12/2018 Disclosure Matthes Susan,Bruce re:POS disclosure 0.50 210.00
6/13/2018 Disclosure McKinney Make addition/change to GI 0.75 120.00
6/13/2018 Meeting Miller Conference with L.Matthes 1.00 375.00
6/13/2018 Financial Analysis Miller File review 2.00 750.00
6/13/2018 Disclosure Samuelson Discussion w/L.Matthes and S.Miller 0.50 232.50
6/13/2018 Disclosure Matthes discuss disclosure with Todd and Scott 0.50 210.00
6/13/2018 Meeting Amspaugh Carmel Finance Committee Mtg for Legacy Excess TIF discussion; 2.50 725.00
6/13/2018 Meeting Miller Prep for and attend Finance Committee meeting 2.50 937.50
6/14/2018 Disclosure McKinney Make Courtiand's revisions to second draft,give to Heidi 1.75 280.00
6/14/2018 Disclosure Miller Review draft POS and discuss with TAS 0.75 281.25
6/14/2018 Disclosure Amspaugh COI;Due diligence email 0.25 72.50
6/14/2018 Disclosure Jackson,Jr. Proofing GI. 1.50 210.00
6/14/2018 Teleconference Jackson,Jr. Construction Loan call. 1.25 175.00
6/14/2018 Disclosure Samuelson Planning discussion w/S.Miller 0.50 232.50
6/14/2018 Disclosure Matthes Bruce D re:audit 0.25 105.00
6/14/2018 Teleconference Matthes call with Henry and Christine re:hotel loan,term sheets,terms,
approvals,etc.;discuss with S.Miller afterward L25 525.00
6/14/2018 Teleconference Amspaugh Call w Christine,Henry and Bruce re Hotel term sheet and timing;
Discussion w Scott 1.50 435.00
6/14/2018 Teleconference Miller Working group conference;all and follow up with L,Matthes and H.
Amspaugh 1.50 562.50
6/15/2018 Correspondence Miller Working group emails 0.25 93.75
6/15/2018 Correspondence Matthes responding to emails from Christine and Landon related to revising
bond timetable and timing of S&P app,etc.(discuss timing with 0.50 210.00
6/15/2018 Correspondence Miller Review working group email re grant agreement docs 0.25 93.75
6/15/2018 Meeting Miller Conference with L.Matthes 1.00 375.00
6/15/2018 Financial Analysis Matthes draft email to WSH and Henry regarding the hotel financing and
related documents;order of paymt-discuss with Scott 2.00 840.00
6/17/2018 Disclosure Miller Review POS 3.00 1,125.00
6/18/2018 Financial Analysis Amspaugh Email w Ryan re Legal docs 0.25 72.50
6/19/2018 Disclosure Miller Review disclosure documents 3.50 1,312.50
6/19/2018 Financial Analysis Mouser prep for 6/21/18 mtg. 3.OD 750.00
6/19/2018 Disclosure Matthes POS inserts/changes from Brad 0.75 315.00
6/19/2018 Financial Analysis Matthes Brad-potential change to bond structure-CBB one bond 0.50 210.00
6/20/2018 Financial Analysis Mouser discuss w/L.Matthes,prep for 6/21/18 mtg. 3.00 750.00
6/20/2018 Teleconference Amspaugh Call w Hillard re Bond structure 0.50 145.00
6/20/2018 Financial Analysis Matthes prep Andy for CBB Board meeting-hotel loan and terms sheets,
timing,bonds and POS,bond sale,etc.;CBB handbook,muni 1.00 420.00
6/20/2018 Teleconference Matthes call with Landon from Hilliard re:one CBB level bond,etc. 0.25 105.00
6/20/2018 Financial Analysis Matthes discuss with HLA/Courtland-discuss POS and calculations;feedback
from Landon from Hilliard re:one CBB level bond,etc.;TAS re:
disclosure/timing and bond sale related issues 0.50 210.00
6/21/2018 Financial Analysis Mouser prep for Bond Bank mtg. 3.00 750.00
6/21/2018 Meeting Mouser Bond Bank mtg.-hotel project 1.50 375.00
6/21/2018 Travel Mouser travel to/from mtg.(w/construction) 1.25 312.50
6/21/2018 Disclosure Miller H.Amspaugh re disclosure 0.25 93.75
6/21/2018 Disclosure Miller Review documents 3.00 1,125.00
6/22/2018 Disclosure Miller Discuss disclosure with Matthes 0.25 93.75
6/22/2018 Disclosure Miller Review POS 0.75 281.25
6/22/2018 Financial Analysis Jackson,Jr. Attestation assistance. 0.75 105.00
6/22/2018 Financial Analysis Mouser follow-up from 6/21/18 mtg.;discuss w/L.Matthes 0.50 125.00
6/25/2018 Financial Analysis Mouser various 2.00 500.00
6/25/2018 Disclosure Amspaugh Timing and OS discussion;Review Scott's POS Comments 0.75 217.50
6/25/2018 Disclosure Jackson,Jr. Intro P. 1.00 140.00
6/25/2018 Disclosure Matthes POS-review SAM comments and questions;Ullom-Hall Render;
etc.-discuss changes,etc.with HLA 1.00 420.00
6/25/2018 Financial Analysis Matthes Bond Sale-Hilliard-updated timetable 0.25 105.00
6/25/2018 Financial Analysis Samuelson Discussion w/Loren on Hotel Carmel financing 1.00 465.00
6/25/2018 Financial Analysis Mouser FOS vs PIATTs vs.2018 estimate 4.25 1,062.50
6/26/2018 Financial Analysis Mouser 2016 estimate vs.2016 PIATT vs.2018 estimate 1.00 250.00
6/26/2018 Disclosure Jackson,Jr. Intro P. 0.75 105.00
6/26/2018 Financial Analysis Matthes band sale planning;Brad re:2 CBB Bonds rather than one(based on
UW feedback) 0.50 210.00
6/26/2018 Financial Analysis Matthes update from Andy on the Board meeting 0.25 105.00
6/27/2018 Financial Analysis Matthes additional questions and discussion with Todd re:hotel loan and TIF 0.50 210.00
6/27/2018 Financial Analysis Matthes Grant Agreement 0.50 210.00
6/28/2018 Correspondence Matthes question from Ann/Christine re:CBS refinancing non-profit 0.25 105.00
6/29/2018 Teleconference Matthes discuss 2018 TIF estimate and hotel loans and terms with Henry and
Mike's 0.50 210.00
7/3/2018 Financial Analysis Matthes Legal-revisions to Revenue Deposit Agreement-respond to
questions from BB at B&T 0.50 210.00
7/3/2018 Disclosure Matthes discussion with Scott M.re:Carmel timetable,rating,POS
disclosure,hotel info-conversation with Henry 0.50 210.00
7/3/2018 Financial Analysis Mouser various 1.00 250.00
7/3/2018 Meetings Miller Conference with LMM re status and next steps 0.50 187.50
7/5/2018 Communications Mouser info to Mike Lee 0.50 125.00
7/6/2018 Financial Analysis Matthes Bond Sale and Feasibility-discussion with Mayor and Bruce D.,
B&T,re:Interest expressed from Pedcor and local banks in
purchasing CBB Bonds and potential private placement-wants
Umbaugh to prepare term sheet;discuss hotel TIF and additional 1.00 420.00
7/9/2018 Financial Analysis Miller Feasibility-Feasibility,structuring and disclosure discussion with L.
Matthes and H.Amspaugh 1.50 562.50
7/9/2018 Financial Analysis Matthes Bond Sale and Feasibility-discussion with HLA and Scott re:7/6
discussion with Mayor and Bruce D.,B&T,re:interest expressed
from Pedcor and local banks in purchasing CBB Bonds and potential
private placement with term sheet;need to discuss disclosure with 1.50 630.00
7/9/2018 Disclosure Matthes Discussions re:disclosure issues,potential term sheet 2.00 840.00
7/9/2018 Financial Analysis Amspaugh Prep:Internal meeting and discussion 2.00 580.00
7/10/2018 Financial Analysis Miller Feasibility-Discuss financing plan with L Matthes 0.75 281.25
7/10/2018 Disclosure Matthes Term Sheet 1.00 420.00
7/10/2018 Financial Analysis Matthes Bond Sale-related: discuss bond sale-private placement option
with Tim Sutton;follow-up with Scott 1.00 420.00
7/11/2018 Financial Analysis Miller Feasibility-Conference with L Matthes re next steps 0.50 187.50
7/11/2018 Disclosure Miller Disclosure-Review documents 1.25 468.75
7/11/2018 Financial Analysis Miller Prep amendment to agreement 1.50 562.50
7/11/2018 Financial Analysis Mouser discuss w/L Matthes 0.50 125.00
7/11/2018 Disclosure Matthes update on attorneys'plan regarding bonds,private placement 0.75 315.00
7/11/2018 Financial Analysis Matthes Carmel UT share-call from Councilman regarding LIT meeting on
8/16 with Council reps from cities and towns in Hamilton County; 0.50 210.00
7/12/2018 Financial Analysis Miller Feasibility-Discussions with L.Matthes re disclosure,next steps 1.25 468.75
7/12/2018 Financial Analysis Miller Prep-Revisions to agreement amendment 0.75 281.25
7/12/2018 Financial Analysis Matthes Bond sale-discussion with Scott and JDJ re Pedcor email re:private
placement of 2018 Bonds with United Fidelity Bank;attorney
questions and protocol etc.;also,review and discuss Miller's draft
Engagement Agreement amendment;bring Heidi up to date on 2.50 1,050.00
7/12/2018 Financial Analysis Amspaugh Prep:Discussion re:Next Steps 1.50 435.00
7/13/2018 Financial Analysis Miller J.Julien and revisions to supplemental agreement 0.50 187.50
7/13/2018 Financial Analysis Miller Draft discussion topics 0.50 187.50
7/13/2018 Financial Analysis Miller Feasibility-Conference with L Matthes 0.75 281.25
7/13/2018 Communications Miller Conference call with L Matthes and B.Donaldson 0.75 281.25
7/13/2018 Financial Analysis Matthes Amended Revenue Deposit Agreement-Council Agenda 7/16 0.75 315.00
7/13/2018 Disclosure Matthes update from Scott from attorneys,review/discuss timetable and
memo,etc.;discussion with Bruce Donaldson 1.50 630.00
7/16/2018 Financial Analysis Amspaugh Report:Discussion w Loren 0.25 72.50
7/16/2018 Communications Miller Phone call with J.Julien and T.Samuelson 0.25 93.75
7/16/2018 Travel Miller Round trip travel to City Hall 1.00 375.00
7/16/2018 Financial Analysis Miller Feasibility-Working group emalis and discussion with L Matthes 0.25 93.75
7/16/2018 Communications Matthes respond to emails from Christine and Henry 0.25 105.00
7/16/2018 Travel Matthes 0.75 315.00
7/16/2018 Financial Analysis Miller Prep-Agreement amendment revisions,meeting prep,discuss with
L Matthes and related 2.75 1,031.25
7/16/2018 Meetings Miller Working group meeting with Mayor,H.Metestky,B.Donaldson and
L Matthes and related follow-up 1.25 468.75
7/16/2018 Meetings Matthes prep/meeting with Mayor and Henry to discuss potential private
placement and bond disclosure L25 525.00
7/16/2018 Meetings Matthes attend Council meeting re:Revenue Deposit Agreement;prep
ahead-bring various documents(Legacy,KAR,M&M,TIF Report, L50 630.00
7/16/2018 Financial Analysis Matthes Legal-checking legal doc(Council Band Ordinance,Leases,Trust
Indentures)provisions for any impacts of doing a private placement 1.00 420.00
7/17/2018 Financial Analysis Matthes bond sale-after meeting with Mayor on 7/16,discuss next steps
with Scott-forms and communication etc,with client;call with 1.00 420.00
7/17/2018 Financial Analysis Miller Prep-Discussion with L.Matthes re revised agreement and next 0.50 187.50
7/17/2018 Travel Matthes 0.50 210.00
7/17/2018 Communications Matthes private placement and term sheet,RFP,NDA,bidder Q's,etc-call
with Bruce and Neal from B&T 0.50 210.00
7/17/2018 Disclosure Amspaugh Bond Sale method discussion 1.00 290.00
7/17/2018 Financial Analysis Matthes bond sale-drafting the form letter for the RFP request; 1.00 420.00
7/17/2018 Meetings Matthes Fallow-up meeting with Mayor and Henry re:private placement and
term sheet/RFP,etc.,Amended Agreement and Designated Rep's,
also discuss hotel,CC2 TIF and streets,Monon Square,Palladium
Museum/Conference Center,etc.;discuss hotel loan and CRC
obligations,payment priorities with Henry 2.00 840.00
7/17/2018 Communications Samuelson Conference call with J.Burr 0.50 232.50
7/18/2018 Disclosure Amspaugh Discussion w Loren re Mtg w Mayor 0.50 145.00
7/18/2018 Financial Analysis Matthes Bond Sale-update from Mayor;update staff;update Christine 1.00 420.00
7/18/2018 Financial Analysis Matthes Feasibility-reports and other info for CRC meeting tonight I.DD 420.00
7/18/2018 Communications Matthes Christine Pauley,Landon Boehm-Hilliard,Henry M.,Mayor re:
private placement with local bank(s) 2.00 840.00
7/19/2018 Financial Analysis Matthes Bond Sale-informing Scott of recent meetings and discussions with
Mayor,Henry,Christine,Hilliard;discuss RFP Authorization letter,
Term Sheet,private placement protocol etc.;send RFP 1.50 630.00
7/19/2018 Meetings Miller Status discussion with L Matthes 0.75 281.25
7/20/2018 Financial Analysis Matthes Bond Sale-Term Sheet 0.25 105.00
7/20/2018 Financial Analysis Jackson,Jr. Termsheet prep. 0.50 70.00
7/23/2018 Financial Analysis Mouser report-assist C.Jackson w/TS 0.50 125.00
7/23/2018 Financial Analysis Jackson,Jr. Carmel Hotel Bonds Termsheet. 2.50 350.00
7/23/2018 Communications Mouser email 0.50 125.00
7/25/2018 Communications Miller Phone call with TAS re disclosure matters 0.25 93.75
7/30/2018 Communications Miller Working group emails 0.25 93.75
7/30/2018 Financial Analysis Matthes Legal-United Fidelity Bank potential bond purchaser-comments
from Genetos at Ice Miller re:need for pledged TIF;response to 0.50 210.00
7/30/2018 Financial Analysis Amspaugh Report:RFP and Term Sheet review 0.75 217.50
7/30/2018 Financial Analysis Amspaugh Prep:Internal discussion re RFP,Agreement,Timetable,etc. 1.50 435.00
7/30/2018 Financial Analysis Miller Feasibility-Conference with L Matthes and H.Amspaugh re next
steps,phone with B.Donaldson and related 1.75 656.25
7/30/2018 Financial Analysis Matthes Bond Sale-discussing,revising and planning(with Scott,HLA,and
Bruce Donaldson)RFP authorization letter,NDA,term sheets,
bonds and terms,etc.;follow-up on the Amended Agreement;
revise and send RFP authorization letter to Henry and Mayor 2.50 1,050.00
7/31/2018 Disclosure Matthes term sheet and TIF report planning 0.25 105.00
7/31/2018 Financial Analysis Matthes Legal-email discussion with Bruce D.and CRC staff in response to
questions/discussion in email from Phil Genetos at Ice Miller(reps
Pedcor and United Fidelity Bank);also provide 2018 Draft TIF
schedules and 2017 TIF Report to Bruce D.to send to Phil to show
reasonable expectations for non-controlled project;contact
Mayor's office re:Amended Agreemt/signed 0.75 315.00
7/31/2018 Financial Analysis Amspaugh Report:2 RFP and Term Sheets 4.00 1,160.00
8/1/2018 Financial Analysis Jackson,Jr. Special Purpose Reports. 0.50 70.00
8/1/2018 Disclosure Mouser review CAFR 0.50 125.00
8/1/2018 Financial Analysis Amspaugh Report:LIT/SBT RFP 0.50 145.00
8/1/2018 Communications Matthes Bruce D.response/explanation to Phil at Ice Miller re:TIF coverage,
Rev Deposit Agreement,etc;Candy,Mayor,Rob re:Amended 0.50 210.00
8/2/2018 Financial Analysis Jackson,Jr. Special Purpose Reports. 4.25 595.00
8/2/2018 Financial Analysis Reed working on handbook coordination 0.25 82.50
8/6/2018 Disclosure Miller Conference with L Matthes re RFPs and related working group 0.50 187.50
8/6/2018 Financial Analysis Samuelson Prep-discussion w/Loren O.So 232.50
8/7/2018 Financial Analysis Jackson,Jr. Reports-SPRs. 0.75 105.00
8/7/2018 Financial Analysis Amspaugh Report:Discussion w Loren re:bond terms 1.00 290.00
8/7/2018 Financial Analysis Matthes 1.00 420.00
8/7/2018 Financial Analysis Sutton Bond sale-Scale request(2)-Courtland 0.50 165.00
8/8/2018 Communications Matthes re:SBOA requiring separate Redevt Authority audit;additional
discussion of"fiscal officer"of RDA-emails with Henry,Christine 0.50 210.00
8/8/2018 Financial Analysis Jackson,Jr. Report-Special Purpose Report. 1.75 245.00
8/8/2018 Financial Analysis Matthes Bond Sale-discuss potential banks from whom to solicit proposals
for the bonds-discuss with Tim Sutton;call with Henry 2.00 840.00
8/8/2018 Financial Analysis Amspaugh Report:RFP and Wkg Group call 2.50 725.00
8/8/2018 Financial Analysis Sutton Bond sale-discussion/update on deal and discussion about Banks 1.00 330.00
8/9/2018 Disclosure Miller Review draft term sheets and NDA 1.00 375.00
8/10/2018 Financial Analysis Matthes Feasibility-discussion with BCC re:LIT formula history etc;discuss
with Rider re:meeting with Council reps 0.50 210.00
8/10/2018 Disclosure Matthes Terms Sheet redline from Chapman 0.50 210.00
8/13/2018 Financial Analysis Amspaugh Report:RFPs 0.50 145.00
8/13/2018 Disclosure Miller Discuss RFPs with L Matthes 0.50 187.50
8/13/2018 Disclosure Matthes Review Chapman and Miller edits to term sheet;review and discuss
NDA and TS with Scott;changes to HLA;respond to question from
Bruce D.re:financial statements in official statements;research, 2.00 840.00
8/14/2018 Financial Analysis Matthes Feasibility-discussing bond terms,interest rate assumptions with
HLA,scales from Tim,potential fees,TIC award,etc. 0.50 230.00
8/14/1018 Financial Analysis Jackson,Jr. Reports-Term Sheets. 1.00 140.00
8/14/2018 Financial Analysis Amspaugh Report:SPRs;Discuss rates w Tim,Call w Loren 3.00 870.00
8/15/2018 Communications Matthes Request actuarial study from Carmel HR 0.25 105.00
8/15/2018 Financial Analysis Jackson,Jr. Reports-Special Purpose Reports. 2.00 280.00
8/15/2018 Financial Analysis Amspaugh Report:Special Purpose Reports,HR draft email for Loren,2019 2.75 797.50
8/15/2018 Financial Analysis Reed Work on draft of policy and research;meet with Matthes 2.00 660.00
8/15/2018 Communications Hedden Conf call and follow up re:RA accounting and reporting 1.00 375.00
8/16/2018 Disclosure Matthes Revised Term Sheets for A-1 and A-2 Bonds,discuss Appendices;
review and edit Project description Appendix;skim through OPER
study from B Lamb 1.00 420.00
8/16/2018 Financial Analysis Matthes Report-SPR's for Bonds A-1 and A-2(Appendix to Term Sheet)-
discussing and reviewing various assumptions with Heidi related to 1.75 735.00
8/16/2018 Financial Analysis Matthes Data-review and prep additional LIT info in prep for meeting with
Council members(cancelled per Rider);UT distribution charts and
info;Fiscal Plan;2018 proposed HB 1104;also discuss revised 2019
LIT info compared to previous and also to 2018 and numbers to use 2.00 840.00
8/16/2018 Financial Analysis Jackson,Jr, Reports-Special Purpose Reports. 6.50 910.00
8/16/2018 Financial Analysis Amspaugh Report:SPRs;Hotel amort update;RFPs 7.25 2,102.50
8/16/2018 Financial Analysis Matthes Meet with Susan to plan Handbook 0.25 105.00
8/16/2018 Financial Analysis Reed research outstanding issuer documentation and work on draft 1.00 330.00
8/17/2018 Financial Analysis Amspaugh Reports:SPRs 1.00 290.00
8/17/2018 Financial Analysis Matthes Report-Review TIF and LIT SPR Report 1.00 420.00
8/17/2018 Financial Analysis Jackson,Jr. Reports-Special Purpose Reports. 2.50 350.00
8/17/2018 Disclosure McKinney Start updating debt 0.25 40.00
8/18/2018 Disclosure McKinney Update debt for GI 1.00 160.00
8/18/2018 Disclosure McKinney Update Direct and Overlapping Debt 3.50 560.00
8/20/2018 Disclosure Matthes Comments/discussion with BT on RFP,TS and SPRs 1.00 420.00
8/20/2018 Financial Analysis Matthes Report-SPRTIFBonds 3.00 1,260.00
8/20/2018 Financial Analysis Jackson,Jr. RFPs. 1.50 210.00
8/20/2018 Financial Analysis Amspaugh Report:SPRs and RFPs 2.00 580.00
8/21/2018 Financial Analysis Reed Coordination of rating requests and follow up 0.25 82.50
8/21/2018 Communications Mouser Lease calc info to H.Amspaugh 0.50 125.00
8/21/2018 Communications Matthes Call with Christine and Ann(CToffice)re:hotel financing and RFP
on the SBT Bonds;RDA outstanding bonds and AFR-transition to 0.50 210.00
8/21/2018 Financial Analysis Jackson,Jr. Reports-SPRs. 1.00 140.00
8/21/2018 Financial Analysis Matthes Report-discussing changes to LIT and TIF SPR reports and
schedules with HLA;discuss lease rental calculations with HLA and
her convo with Brad form 8&T;discuss TIF Report changes and
managemnt rep letter;discuss GI appendix;discuss hotel financing- 2.00 840.00
8/21/2018 Financial Analysis Amspaugh Reports:SPRs and RFPs;Call w Crs office;Call w Brad 3.00 870.00
8/21/2018 Disclosure McKinney Finish debt section,proofing 3.00 480.00
8/22/2018 Communications Miller Working group emalls 0.25 93.75
8/22/2018 Disclosure Matthes GI 2017 Financials-discuss need to change OPEB and Financial
section;email from Henry etc 0.50 210.00
8/22/2018 Financial Analysis Jackson,Jr. Reports-SPRs. 4.50 630.00
8/22/2018 Financial Analysis Amspaugh Reports:SPRs,RFPs,GI,Project Description 7.50 2,175.00
8/22/2016 Disclosure McKinney Revise/update Pension Info and 2017 Audit In GI 3.50 560.00
8/22/2018 Financial Analysis Matthes S&P rating upgrade-call/report from Anna-comments to WG and 1.00 420.00
8/23/2018 Financial Analysis Amspaugh Reports:RFPs 100 290.00
8/23/2018 Financial Analysis Jackson,Jr. SPRs and RFPs. 3.75 525.00
8/24/2018 Financial Analysis Jackson,Jr. SPRs and RFPs. 175 245.00
8/24/2018 Financial Analysis Amspaugh Reports:RFPs,SPRs,etc. 3.00 870.00
8/24/2018 Disclosure Matthes Revised Term Sheet and Appendices 1.00 420.00
8/24/2018 Financial Analysis Matthes Bond Sale-communications with CRC re:United Fidelity and
additional banks,RFP etc 0.50 210.00
8/24/2018 Financial Analysis Reed Work on handbook and research 1.50 495.00
8/26/2018 Financial Analysis Amspaugh Report:SPRs 1.00 290.00
8/27/2018 Disclosure Reed Review of disclosure language and discussions 0.50 165.00
8/27/2018 Financial Analysis Matthes Bond Sale-RFP's and GI and appendices-questions and discussions 1.00 420.00
8/27/2018 Financial Analysis Jackson,Jr. Reports-SPRs and RFPs. 4.00 560.00
8/27/2018 Disclosure Miller Review RFP 6.25 2,343.75
8/27/2018 Financial Analysis Amspaugh Reports:GI update review;RFP finalize;Send to banks 7.00 2,030.00
8/27/2018 Financial Analysis Reed work on Carmel Bond Bank handbook and research 6.00 1,980.00
8/28/2018 Financial Analysis Matthes Feasibility-respond to Mayor and Coonrod re:Taxable 2018 A-1
Bonds(LIT)-why 30 year term?compare SPR to 2017 LIT Bond
schedules and provide explanation 1.00 420.00
8/28/2018 Financial Analysis Cromer Discuss post-issuance policies with S.Reed 1.00 305.00
8/28/2018 Financial Analysis Matthes Report-working on CBB Handbook and Post Issuance Compliance
with Susan 1.00 420.00
8/28/2018 Financial Analysis Reed work on handbook,research,meetings with Matthes and Cromer 8.00 2,640.00
8/29/2018 Travel Matthes 0.50 210.00
8/29/2018 Financial Analysis Reed work on post issuance policy 2.00 660.00
8/29/2018 Meetings Matthes C.Pauley,Ann and Susan-working on CBB Handbook 2.00 840.00
8/29/2018 Meetings Matthes C.Pauley-discuss hotel financing,hotel SBT Bonds,sale,RDA
instead of CBB and CBB policies etc. 1.00 420.00
9/5/2018 Travel Matthes 0.50 210.00
9/5/2018 Meetings Matthes Carmel Bond Bank meeting-discuss bonds and RFP's with Board
and reason for no rescission of Resolution etc. 1.50 630.00
9/5/2018 Financial Analysis Amspaugh Call w Henry and Mike re RDA Bonds and TIF Report;Term sheet
follow-up 1.75 507.50
9/6/2018 Financial Analysis Jackson,Jr. Reports-Attestation Reports. 0.25 35.00
9/6/2018 Financial Analysis Miller Bond sale-status update on RFPs with L.Matthes 0.25 93.75
9/6/2018 Financial Analysis Matthes Bonds Sale-discussions with Tim/HLA re:5/3 Securities/Bank and
other potential bidders;research and draft responses to bond
financing questions from Katie at BMO Harris 1.50 630.00
9/6/2018 Financial Analysis Amspaugh Report: RFP Calls;Disc w Loren and Tim 1.75 507.50
9/6/2018 Financial Analysis Mouser CC2 analysis 0.25 62.50
9/6/2018 Financial Analysis Sutton Bond sale-Fallow up with Banks on bids 0.75 247.50
9/7/2018 Financial Analysis Jackson,Jr. Reports-SPRs. 1.00 140.00
9/7/2018 Financial Analysis Matthes Bond Sale-discussions with HLA and Tim re:feedback from banks,
additional calls to banks;extension of RFP deadline,call with Mike 1.25 525.00
9/7/2018 Financial Analysis Amspaugh Bond Sale:RFP calls;Call w Henry;RFP Deadline extension L75 507.50
9/10/2018 Communications Jackson,Jr. Call with Carl Mills. 0.50 70.00
9/10/2018 Financial Analysis Matthes Bond Sale-city tax rate comparison for First Internet Bank,review
and discuss with HLA;call with Carl Mills,Fifth Third Bank;
Merchants Bank;voice mail to Jordon from BMO-respond to his
questions;discuss with George re question from Crossroads
engineer about bond arb/CD fees and C.Pauley,vm to C.Cromer 1.25 525.00
9/10/2018 Financial Analysis Amspaugh Report: Historical Rate schedule for 1st Internet Bank;RFP follow
up;Call w City and Fifth Third 2.00 580.00
9/11/2018 Financial Analysis Matthes Bond Sale 0.50 210.00
9/11/2018 Financial Analysis Amspaugh Report:Answer RFP questions,Discussion w City 0.75 217.50
9/11/2018 Communications Matthes Discussions with Ann Bingman and Christina Cromer re: City bond
compliance and fees for new and outstanding bonds 1.00 420.00
9/11/2018 Financial Analysis Amspaugh Pittman Site TIF creation timetable review,check parcel numbers;
Email Mike Lee re set-up of TIF Area 0.50 145.00
9/12/2018 Financial Analysis Jackson,Jr. Gateway Debt Report. 0.50 70.00
9/12/2018 Communications Amspaugh Calls re Proposal terms 0.50 145.00
9/12/2018 Financial Analysis Matthes Bond Sale-Henry/Pedcor re:Merchants Bank;respond to
questions from Dusing-First Internet Bank 0.50 210.00
9/12/2018 Financial Analysis Matthes Feasibility-respond to Mayor re:extension of LIT Bonds term;
attach schedules 1.00 420.00
9/12/2018 Financial Analysis Sutton Bond sale-Discussion with First Internet 0.50 165.00
9/13/2018 Communications Amspaugh Proposal discussion 1.00 290.00
9/13/2018 Communications Amspaugh Call w Centier Bank 1.25 362.50
9/13/2018 Financial Analysis Jackson,Jr. Reports-Gateway Debt Report. 1.50. 210.00
9/13/2018 Financial Analysis Matthes Bonds Sale-discuss First Internet proposal with Sutton;update
Henry on proposals and bank discussions;conversation with Dave
from Centier Bank on bonds and hotel loan and other CRC matters 3.00 1,260.00
9/13/2018 Financial Analysis Jackson,Jr.
TiS-2018 North Illinois Street Expansion. 1.00 140.00
9/13/2018 Financial Analysis Sutton Bond sale-Internal discussion regarding RFP's 0.50 165.00
9/14/2018 Financial Analysis Jackson,Jr. TIS-2018 North Illinois Street Expansion 3.00 420.00
9/14/2018 Financial Analysis Jackson,Jr. Letter-Closing Letters. 0.50 70.00
9/14/2018 Communications Amspaugh Proposals discussion;Call w City 1.50 435.00
9/14/2018 Financial Analysis Matthes Lee re:First Internet Bank bid and ability to move deposits;email
detailing various bond options to Henry,Mayor;Saturdaytime:
emalls from Bruce Cordingly;respond to group;call with Bruce
Donaldson 4.00 1,680.00
9/14/2018 Financial Analysis Sutton Bond sale-Proposal review and discussion 2.50 825.00
9/16/2018 Communications Miller Review working group emalls 0.50 187.50
9/17/2018 Communications Miller Phone call with TAS 0.25 93.75
9/17/2018 Communications Miller Conference call and related follow-up 1.75 656.25
9/17/2018 Communications Jackson,Jr. Discussing Hotel Bonds Bids. 2.00 280.00
9/17/2018 Communications Amspaugh Proposal discussions;Calls w City and Banks 3.25 942.50
9/17/2018 Financial Analysis Matthes Bonds Sale-calls re:bids to Fifth Third Bank,First Internet Bank
with Sutton;update on First Internet Bank bid from Sutton;email
update to Henry et al;group call discussing options;post-call
discussion with Miller and Heidi;set up call with Mayor;question
from Christine;questions from Dan McFeeley on total outst.debt 6.00 2,520.00
9/18/2018 Financial Analysis Miller
Bond Sale-Discussions with L.Matthes re pricing results,next steps 0.50 187.50
9/18/2018 Communications Amspaugh Call w City and Banks;Proposal discussion 2.50 725.00
9/18/2018 Financial Analysis Jackson,Jr. Carmel Outstanding Debt Pie. 3.00 420.00
9/18/2018 Financial Analysis Matthes Bonds Sale-more discussions with Bruce D,Miller,Sutton;set up
meeting with Mayor on 9/19;gather info on Treasuries,etc;
revised bid from First Internet Bank;info Fifth Third Bank;total.
outst.debt info 4.00 1,680.00
9/18/2018 Financial Analysis Sutton Bond sale-cone regarding proposals and talking points for Mayor
tomorrow 1.00 330.00
9/19/2018 Financial Analysis Miller Bond Sale-Phone calls and conferences with working group re
pricing results and next steps 1.50 562.50
9/19/2018 Financial Analysis Matthes Bonds Sale-discussion of options with Mayor,internal discussions;
analysis of 5%additional interest cost;call with Fifth Third Bank;
Cordingly email,structuring with two bank purchasers etc. 4.25 1,785.00
9/19/2018 Financial Analysis Amspaugh Feasibility:5%Bond run;Internal discussion;Call w Mayor;Call w
City and Fifth Third 3.50 1,015.00
9/20/2018 Financial Analysis Jackson,Jr. Outstanding Debt Pie Chart. 3.00 420.00
9/20/2018 Financial Analysis Jackson,Jr. 2018A-2 TIF Bonds Termsheet. 0.75 105.00
9/20/2018 Financial Analysis Miller Bond Sale-Discuss next steps with L Matthes re pricing 0.25 93.75
9/20/2018 Financial Analysis. Miller Data-Discuss Carmel utility debt with C.Jackson re debt graph 0.50 187.50
9/20/2018 Financial Analysis Matthes
Bond Sale-additional bank proposals;discussion with City and
internal;debt info to DF 4.00 1,680.00
9/20/2018 Financial Analysis Amspaugh Report:Proposal discussion finalize;Term sheet;Call w First 2.00 580.00
9/20/2018 Financial Analysis Sutton Call with Issuer and call with bank 1.00 330.00
9/21/2018 Financial Analysis Jackson,Jr. 2018A-2 TIF Bonds Termsheet. 2.00 280.00
9/21/2018 Financial Analysis Matthes Bond Sale disclosure etc 0.50 210.00
9/24/2018 Financial Analysis Jackson,Jr. Final Termsheets. 5.25 735.00
9/24/2018 Financial Analysis Matthes Bond Sale-revising final term sheets to send to banks for signature; 4.00 1,680.00
9/24/2018 Financial Analysis Amspaugh Report:Term Sheet 1.50 435.00
9/25/2018 Financial Analysis Jackson,Jr. Final Term Sheets. 1.00 140.00
9/25/2018 Financial Analysis Amspaugh Report:Term Sheets finalize and send to Wkg Group for Review 1.25 362.50
9/26/2018 Financial Analysis Jackson,Jr. Final Term Sheets. 0.50 70.00
9/26/2018 Financial Analysis Matthes Bond Sale-B&T comments and finalize term sheets,disclosure to
banks etc.;5/3 bank interest rate tied to fed funds rate movement 0.50 210.00
9/26/2018 Financial Analysis Amspaugh Report:Term Sheets 1.00 290.00
9/28/2018 Communications Amspaugh Call w City and Fifth Third Bank;internal discussion 0.50 145.00
10/1/2018 Financial Analysis Matthes Bond Sale-communications with Henry re:term sheets,bids,and
report to Council 0.50 210.00
10/1/2018 Financial Analysis Amspaugh Report:Term Sheet follow up 0.50 145.00
10/2/2018 Financial Analysis Westervelt BondRating-Analysis 2.25 315.00
10/2/2018 Financial Analysis Reed Review of questions posed by the City Council 0.40 132.OD
10/2/2018 Communications Amspaugh Tony Green comunications 0.25 72.50
10/2/2018 Financial Analysis Amspaugh Report:Term Sheets update and distribute to 5th Thirc 0.75 217.50
10/3/2018 Financial Analysis Westervelt Bond Rating-Response to City Council Questions 2,25 315.00
10/4/2018 Financial Analysis Westervelt Bond Rating-Answer City Council questions 1.50 210.00
10/5/2018 Financial Analysis Westervelt Bond Rating-Answers to Council Questions 2.00 280.00
10/8/2018 Communications Amspaugh Tony Green communications;Revise Term Sheet;Email w B&T 0.75 217.50
10/9/2018 Financial Analysis Matthes Feasibility-call from Kevin Rider re:potential refundings and City
budget,discuss RDC reserve and coverage;instructions to staff 0.50 210.00
10/10/2018 Financial Analysis Jackson,Jr. Closing Letter. 1.00 140.00
10/10/2018 Financial Analysis Matthes Feasibility-refunding and coverage analysis;and prep info for
Councilman Green 0.50 210.00
10/10/2018 Financial Analysis Matthes Closing letter-discuss prep with Courtland 0.50 210.00
10/10/2018 Communications Amspaugh Review of Refunding Bonds for Councilman Kevin Rider 0.50 145.00
10/11/2018 Financial Analysis Westervelt Bond Rating-Answer to City Council Rating Questions 2.75 385.00
10/11/2018 Financial Analysis Reed Review of financial data meeting with Westervelt and Amspaugh 0.50 165.00
10/11/2018 Financial Analysis Amspaugh Tony Green LIT Question prep;prep info for Mayor's State of the 2.00 580.00
10/12/2018 Financial Analysis Jackson,Jr. Gateway Debt Report. 0.25 35.00
10/12/2018 Financial Analysis Jackson,Jr. Preparing for Carmel meeting with Tony Green. 1.25 175.00
10/12/2018 Financial Analysis Jackson,Jr. Carmel meeting with Tony Green. 0.75 105.00
10/12/2018 Communications Mouser Debt&reserve policies 1.00 250.00
10/12/2018 Financial Analysis Westervelt Feasibility-Meeting with Councilman about Carmel rating,policy,
TIF questions 2.75 385.00
10/12/2018 Financial Analysis Matthes Feasibility and Legal: discussion(with Henry,MLee,Bruce D,Ryan)
of changes to Motor Court West to equal 100%hotel boundary;
elimination of Motor Court East and expansion of Downtown
Allocation Area No.3;change to PIATTs to cover expanded Wren
and Windsor(elim.MC East building)which would result in no 1.00 420.00
10/12/2018 Financial Analysis Matthes Data-prep for meeting with Tony Green,Carmel Councilman 1.50 630.00
10/12/2018 Meetings Matthes meeting with Tony Green,Carmel Councilman 1.00 420.00
10/12/2018 Financial Analysts Reed Prepare for and participate in Carmel city council person meeting;
research financial questions and prep meeting 3.50 1,155.00
10/12/2018 Financial Analysis Amspaugh Tony Green Meeting;Meeting prep 3.75 1,087.50
10/15/2018 Communications Matthes Call with JeffWorrell re:hotel TIF,TIF Area boundary changes,LIT, 0.50 210.00
10/15/2018 Financial Analysis Matthes Feasibility-questions and info re:LIT Vs with Curt Coonrod 0.50 210.00
10/15/2018 Financial Analysis Amspaugh Report:C01 Review,email B&T 0.25 72.50
10/16/2018 Communications Matthes compliance issues(CD-material events,tax certificate requirements,
etc)and new rating critieria on LIT bonds-call with Ann B and
Christine,Clerk-Treasurer's office(and Umbaugh BTG etc) 1.00 420.00
1DI17/2018 Financial Analysis Matthes Feasibility-additional info/response to my questions re:LIT#'s with
Curt Coonrod 0.25 105.00
10/17/2018 Financial Analysis Amspaugh Report:Motorcourt West TIS emails,discussion w Loren and 0.50 145.00
10/17/2018 Financial Analysis Mouser Legal-review map&amend dec res 2.50 625.00
10/19/2018 Financial Analysis Jackson,Jr. Motor court West Tax Impact Statement. 3.50 490.00
10/19/2018 Financial Analysis Matthes Regulatory-Tax Impact Statement for amending bondaries of
Motor Court West(MCW)and MCE and Alloc.No.3 0.75 315.00
10/23/2018 Financial Analysis Jackson,Jr. MCW and Area 3 Tax Impact Statement. 1.00 140.00
10/23/2018 Financial Analysis Matthes Prep LIT related info related to meeting with Oliver-Borror Public
Affairs 1.00 420.00
30/23/2018 Communications Matthes Pedcor change;Henry needs revised term sheet and disclosure 0.25 105.00
10/24/2018 Meetings Jackson,Jr. Carmel LIT allocation meeting, 1.50 210.00
10/24/2018 Financial Analysis Jackson,Jr. LIT allocation Meeting prep. 1.00 140.00
10/24/2018 Financial Analysis Matthes Meeting(and prep)re:LIT and bond ratings,etc.-with Oliver and
Randy of Borror Public Affairs,and Curt Coonrod 3.00 1,260.00
10/24/2018 Meetings Amspaugh LIT Meeting&Prep 3.00 870.00
10/24/2018 Disclosure Amspaugh Revise Term Sheet 0.25 72.50
10/25/2018 Financial Analysis Matthes Data re:S&P rating critieria changes and LIT-questions from Oliver
-Borror Public Affairs 1.00 420.00
10/30/2018 Communications Matthes Bond Sale-email from Henry re:signed term sheets;question re:
closing dates,etc.for hotel loan and bonds 0.25 105.00
11/5/2018 Financial Analysis Matthes Regulatory-review 115 Draft 0.50 210.00
11/5/2018 Financial Analysis Matthes Legal and FS-communications and info related to changes to CC2
TIF Areas and Hotel TIF(Expanded MCW Area);PIATTS and
guaranty and doc's;review most recent info from Pedcor 1.25 525.00
11/6/2018 Financial Analysis Matthes Regulatory-review TIS Draft;revise TIS 1.00 420.00
11/8/2018 Financial Analysis Matthes Regulatory-review and revise latters to taxing units;review revised 1.00 420.00
11/6/2018 Financial Analysis Jackson,Jr. TIS-MCW and Area 3. 1.00 140.00
11/8/2018 Financial Analysis Quinn Report-Prepare letters for MCW and Area 3 TIS 0.75 101.25
11/8/2018 Financial Analysis Crowe Tax Impact Statement,Copy,Mail O.SO 55,00
11/9/2018 Financial Analysis Jackson,Jr. TIS-MCW and Area 3. 0.25 35.00
11/15/2018 Communications Matthes Communications with CBB re:bonds and 12/6 meeting;HLA set call
w/Henry on Hotel loan and Bonds timing 0.25 105.00
Subtotal-MA Services thru 11/15/18 779.75 $ 231,796.50
reBD.com
F/aEGRE BIR
USA..UK.CHINA
Fae8 ..
IELS
July27,:2018 Invoice 31:120619
Tax ID 41-0244008
R.Scott Sorensen;CPA
HJ Umbaugh&Assoaates.
Certified Public Accountants;LLP
8365 Keystone Crossing,Suite 300
Indianapolis,IN-.46240-2687
Invoice Detail:
o
Client. HJ Umbaugh
Matter. City of Calme[2018:
FaegreBD'File 977206.000013
For professional services rendered and disbursements Incurred through June 30;2018
Professional:Services
Date; Name. Hours Description
06101!18_ J.M;Clark 0.30 Emails J.P:Hanlon
06/01118 J.P.Hanlon 1.20 Conference with T.Samuelson regarding;_ L � :
_ review status of,
develop
_strategy;email.update toJ:Hammerman and.M.61 arl<
300.N.Meridian Street.Suite 2700'.
Indianapolis.Indiana 46204:=1750
Phone+1817,237 03.00.Fax+1317-237 1000
HJ Umbaugh Faegre Baker Daniels LLP .
July 27,2018 Involce 31120619.
Page 2
Date Name Hours Description .
06!04118 D.E.Pulliam 2.10
felenhnne rail with T,:Snmiialann regarding status_of =
drafti '
.06/04/18 J.Hammerman 0.30 Telelihone calls with D.Pulliam regarding telephone'conference wilhi —
06/05/18 D.E.Pulliam 2.70. Telephone call tivith:Umbaugh executiv_e_conimittee.members and Umbaugh_ r
f
draftsumma of the same;
06/05118 J.Hammerman 1.50 .call with _
06/65/18 J.Hammerman 1.80 Review of email correspondence and notes-in advance of Umbaugh call with -� 1
I �(0.2);calf with/=�_• —� y(1.5);follow,up call with
D.Pulliam:(0.1).
06106118 D.E.Pulliam 1.30
telephone nail with; _
I;draft sum of the same;strategize with.J.Hammerman regarding
status - ; - - - ----- —
06106/18 J.Hammerman 1.00,FRPvIpw of notes from_
(Q.6);telephone call with D.Pulliam regarding telephone conferences w1_th_ -
'and (0.2);telephone.call:with _ _ j
- '0.2)
300.N.Meridian Street v Suite 2700
Indianapolis v Indiana 46204-1750
Phone+1317 237 0300 v Fax+1317 237 1000
HJ.Umbaugh Faegre Baker Daniels LLP.
July 27,2018 Invoice 31120.619
Page 3
Date _ Name Hours Description
EL
06)12118 J.P.Hanlon 1.00 Review status.ofMreview;develop strategy.regarding communications with
06112/18 JR Hanlon .1.50.Conference call with T.Samuelson and J.Julien.regardin .strategy.relating to
relating to and_
strate for communicatin with. regardin same,communications
with counsel,status oWreview,and i"strategy'
06112118 J.Hammerman 2.00Telephone ca11with.J.P.Henlon_teoardin status
- and document review
(0:3);telephone call with (0.2);strategy . .:
telephone conference With J.P.Hanlon,M.Clark and Umbaugh representatives
regarding next steps-(1.6)
300 N.Meridian Street.Suite 2700
Indianapolis•Indiana 46204-1750
Phone+1 317237 0300.Fax+1 317 237 1000
HJ-Umbaugh Faegce Baker Daniels LLP
July 27,2018 Invoice 31126619 .
Page 4
Date Name Hours Description
06/13/18 J.P.Hanlon 2.90 Conferences_with �issues,.including
1review and
analysis of thiough=review .
06/14/18 J.P.Hanlon 1.60 Conference call with T..Samuelson and J.Julien re ardin 1
__ relating to ander
and stratdgy#or,— --
06/14/18. J..Hammerman 3.30 Telephone conference call with J.P.Hanlon,K Clark,J.Julian,.T.Samuelson
reaardino( - - - -- _,- — - _ - - -- --
(1.6)i follow-up telephone call with M.:Clark(0:1) follow up telephone.-
call with f.Samuels_o_n;M.Clark;and
regarding _��_ (1.3j:follow-up telephone call with M.
Clark(0.1);call with T.Samuelson rea-ardina-
(0.05);-teldphone call with,
06115118 J.Hammerman 0.40 Telephone conversation With.T.Samuelson regardin email and
conversations with r (0.25);.revieW of email forwarded by T.
Samuelson(0.15)
06/18/18 J.P.Hanlon 0.60 Review status of i
conference with,i.-Hammerman regarding same
300 N.Meridian Street v Suite 2700
Indianapolis v Indiana 46204-1750
Phone+1317 237 0300 v Fax+1 317 237 1000
HJ:Umbaugh Faegre Baker Daniels LLP.
July 27,2018 Invoice 31120619
Page 5
Rate . Name. Hours Description .
06118118 J.Hammerman 0.20. Review of memorandum from:meetina responded
to inquiry of} - --- =-—— - ----
telephone call RCIR Hanlon regarding (0.1)
0611,9118 J.M.Clark 1.80 Emails J.P.Hanlon,T.Samuelson;conference call T.Samuelson,J.Julien,J.
Burr,M.Boba
06/19118 J.P.Hanlon 1.60 .Conference call with T.Samuelson regardigg strate, for.res onding.to call from
t--- —------ ---. .
conference with
J.Hammerman regarding same
06119/18 J.P.Hanion . 2.00 .Conference call with J Julien,T:Samuelson,._FBD and 1 ;
r _
regardingm—_�_-
. . .
06/19/18 J.Hammerman 2.00 Telephone call with J.P.Hanlon:and; —.
related to
j(0.61:telephone call With-J.P.Hanlon.regarding
0.4);group call with
4FaegreBD,'. _ _ Iand.UTbaugh representatives regarding
06120118 J.P.Hanlon 3.20 Review and analysis of; i
slim meeting with�D.Pulliam and M.Giffin reglardinj analysis and summary
conference.with T.Samuelson
W.
—..
06/21/18 J.P.Hanlon 3:50 .Confe.rence.with T.-Samuelson regarding strategy relalinq to—
communications;reviewndas of
review and analysis of reports and information relating tom
review and analysis of
300 N. Meridian Street v Suite 2700
Indianapolis v Indiana 46204-1750
Phone+1317-237 0300.Fax+1 317 237 1000
HJ_Umbaugh Faegre Baker Daniels LLP
July 27,2018 Invoice 31120619
Page 6
Date Name Hours Description
06/21/18 J.P.Hanlon 3.30 Prepare for call with'T _
_ narliviDatB in_same;
conference call with T.Samuelson,J.Julien and! d
66121/18 J..Harnmerman 1.40 Review and revised draft (0.2);telephone call. .
With J,P Hanlon regarding and( _
__ - f0.31-
telephone call With J.P.Hanlon,;! ' _I
:.06121/18 M.Giffin 0.30 Review=_� _ ___�__.�_ _ _.a _ ____�- __;and create
binder for associated documents "
06/22118- J.M.Clark. 1.20 Telephone calls J.P.Hanlon;emails FaegreBD team,Umbaugh team,�� - —}
L_ document review
06/22/18 J.P.Hanlon 2.60 Review and analysis of email from T.Samuelson repardinq i
e`rriaiis with: W d_l ffi`uphredardinaneummary of`
communications with i review and analysis.
of draft email;
'review and analysis
06/22118 D.E.Pulliam .2.40 Strategize.with J.P.Hanlon regarding
revieW.of documents in preparation of the same;Araft uutlihe
06/22118 J.Hammerman 0.40 Attended to email eegardin status_.communications with i T
communication with -
. and
. (reviewed drafts of same);review of
:
06/22118 B.Marley 0.20`:Correspond with D.Pulliam and M:Giffin regarding' '—and
06124118 D.E.Pulliam 2.50 Prepare for related;to�'
related to i.
06124/18 B.Marley 0.30: Review and:edit; �
300 N.Meridian Street v Suite 2700
Indianapolis.Indiana,46204-1750
Phone+1317 237 0300•Fax+1317 237 1000
HJ.Umbaugh Faegre Baker Daniels LLP.
July 27,2018 : Involde 31.12061.9.
Page
7
Date Name. Hours Description .
0612611.8 J.Hammerman 0.20 Drafted email review ot. _ _
reiriew of correspondence related fo telephone call-vlithf
:-regarding cornmunicatlon with ands
06/26/18 B;Marley. : 1.50 Review,update;and.assess
Total Hours 199.70
Total Services $
.r. .-
'Invoice;Tot. _
199
�S
300 N.Meridian Street.Suite 2700
Indianapolis v Indiana 46204-1750.
Phone+1 317 2310300 v Fax-+1 M7 2371000
FaegreBD.com . . SA.UK.CH
FAEGRE BAR
INA
CIIELS
August 21;2018Invoice. 31121729 .
Tax 41-0244008
R.Scott Sorensen,CPA.
HJ Umbaugh&Associates
Certified Public.Accountants,LLP .
8365 Keystone.Crossing;Suite 300.'
Indianapolis,IN .46240-2687 ..
Invoice Detail-
Client HJ Umbaugh:.:
Matter. City of Carmel 2018
FaegreBD File 977206.000013 -
For professional services.rendered and disbursernents:incurred-through:July' 31,2018•-
Professional Services
Date: : Name . .. Hours. Description:
300:N,Meridian:Street:v Suite 2700
Indianapolis v Indiana 46204-1750
Phone+1'317 937 0300 v Fax+1'317 2371000-
HJ Umbaugh Faegre Baker Daniels LLP
August 21,2018 Invoice 31121729
Page 2
Date Name Hours Description
07/10/18 J.P.Hanlon 0.50 Review and analysis of emails re ardin ;conference with J.
Hammerman regarding status
07/11/18 J.P.Hanlon 0.20 .Review and.anal is of emails relating to status of,
07/12/18 J.P.Hanlon 2.10
review and analysis.of emails.from client.representatives and
regarding_ conferences.with M.Clark,D.
Pulliam and J.Hammerman regarding strategy
300 N. Meridian Street v Suite 2700
Indianapolis v Indiana 46204-1750
Phone+1 317 237 0300 v Fax+1 317 237 1000
HJ.Umbaugh Faegre Baker Daniels LLP
August 21,2018 Invoice 31121729
Page 3
Date Name Hours Description
07/13/18 J.P.Hanlon 1.30
review_and anatvsis of:--
L — m -- -- -- - temadswith
client representatives regarding
conference call with client representatives regarding
07/24/18 D.E.Pulliam 0.30. Conference with J.:.Hammerman.re-ardin obtainin expert to assist,in
review of
review.emails wlth !regarding;
07124/18 J.Hammerman 0.30 Call with;
07/24/18 1 Hammerman 0.10 Follow-up call with D.Pulliam
07!24118 J.Hammerman 0.30 Telephone call with T.Samuelson regarding] related to"
L o�.drafted email to` ;regarding.same .`
07/25/18 D.E.Pulliam 0.40_ Review of._-
review emails with" 7!nft
07/25118 J.Hammerman 0.% Draft email to I regarding—expert
07/27118 D.E.Pulliam 0.16 Assess status of. —issues
Total Hours 42.10
Total Services 5 —
300.N. Meridian Street v Suite 2700
Indianapolis v Indiana 462041750
Phone+1 317 237 0300 v Fax+1317 2371000
HJ Umbaugh Faegre Baker Daniels LLP..
August 21;2018 Invoice 3112/729
Page - .4 .
Disbursements
Description Date. $. .Value. Quantit
Internal CopyinglPrinting
Color Copies . .
Subtotal Summarized Disbursements
Total Disbursements $_-
Involce:Total ' `
Gey
300:N.Meridian Street v Suite 2700
Indianapolis•lridiana 46204=1750,
Phone+1 317 237 0300•Fax.+1 317 237 1000
Faegrel31D.com FAEGRE. BNER USA.UK•CHINA
. L�lIELS
September 12,2018 Invoice 31122640.
Tax ID 41-0244008
R.Scott Sorensen,CPA-
HJ.Umbaugh&Associates
Certified Public Accountants;LLP
8365 Keystone Crossing,Suite 300
Indianapolis,IN 46240-2687
Invoice Detail
Client. HJ Umbaugh
Matter City of.Carmel 2018
FaegreBD File 977206.000013'
For professional services rendered and disbursements-incurred through August 31,201.8
Professional Services
Date.' Name Hours Description
.08107/1.8 J.M.Clark 0.50 -Conference call T.Samuelson,J..Hammerman
08/07/18 J.Hammerman 0.50 Teleohone_call with T..Samuelson and:M.Clariire ard_ing i
08/07/18 J:Hammerman 0.20 Draft',
08/09/18 D.E:Pulliam 0.20 Analysis of a ith J:.
wHammerman
08109/18 J.Hammerman .0.10: Telephone:callj -._
08/09/18 J..Hammerman 0.40. Draft;
Total Hours 4.30
300 N.Meridian Street v Suite 2760
Indianapolis v Indiana 46204-1750
Phone+1 317 237 0300v Fax+1317 237 1000
HJ'.Umbaugh Faegre Baker Daniels LLP
September 12,2018
P Invoice 311.22640 .
.Page . ..2 .
Total Services
Invoice Total .
-300 N.Meridian Street.Suite 2700
Indianapolis v Indiana 46204-1750
Phone+1317 237 0300..Fax+1 317 2371000
CHAPMAN AND CUTLER LLP . .
Matter No.: 6706541
bate:: _ . November 19;2018
Invoice#t l 830776 ,
INVOICE
H.J.-Umbaugh and,Associates,CPAs -
8365 Keystone Crossing.
Suite 30.0
P.O. BOX.40458
Indianapolis,ID-46240-1458
RE:: .H.J:Umbaugh- .City:of Carmel
FEES. .
Date; .Aftorney: Services Rendered _ : Hours :. .
5/31/.18 Burr,James Telephone conf. w/T.Samuelson: : .50
C . .
6/04/18 Burr.,James Telephone conf..w/M.Boba re HJU,client matter.Einails to HJU 50
C
6/04/18 :Boba,. Vc JCB re' ��reviewi .80
Matthew:C -
-
6/05/118 Burr,:James 'Telephone conf w/HJU;Faegre and M.Boba:ee.HJU client matter: . 1:00
6/05/18 Boba; Prep and call re F
_
_
1.70
Matthew C: .
:
'6/07/18, Boba, :: Call w/JCB're,
Matthew C
6/11/18 . Burr,James Telephone con£w/T._Samuelson re; .40 .
6/14/18 Boba; Prep and call re: ;summary for JCB;review; 1:80
. -
Matthew C
6/19/I8 'Burr,James-._Review Telephone.conference w/HJU and 1:90
C
6/19/18. Boba, Prep and call re :;review, 2.80 :
.Matthew C
--�
6/21/18 Burr,James . .Conference calls:(1).HJU and,
C - and (2)HJU, y re client—info.'.
Kavtew m_aterials.from, Emails:
6/21/1.8 Boba, Call w/+ ,re� - _ Review_L - 3:50.
— -- -- .
Matthew C call w/.T
Samuelson&J Julien re status
CHAPMAN AND CUTLER LLP
Invoice#: 1830776,
Date .'Attorney: : Services Rendered _W . Hours .
6/22/18. Buri;James . -Review and reply to email-from 1.10
C draft follow-up email and distribute for comment;and revise per .
comments.:
6/22/18 Boba, _Review correspondence re; -
Matthew C L review.,
review JCB draft.email to
7/02/18.--.Burr,James Review emails, email to Todd,voicemail to; .30
7/03/18 : Burr,James. Telephone-conf.w/.M:Boba,review email to Todd.. - 50
:C - .:-
7/03/18 Burr;.James Telephone conE w/T. Samuelson w/GC updated info:: .30
C
7/03/1,8: Boba, T/c J Burr.re and email developments .10
Matthew.C
7/09/18 Burr;James. Calls and emails re' ,matter... .80-
. 7110/18
7/10/18 Burr,lames Telenlion-e conf w/J:.Julien.and.M.Boba re 1.10
C - -
7/10/I8' . :Boba.. Call w/J Julien re 1.20
Matthew C' .
.7/11/18, :.Burr,.James: .Review J.Iie.n.' utline for? and respond via .50-
C email: -- - — ---
7/12/18' Burr;James : Review J.Julien re !; 61ephone.conf w/ :5.0
C M.Boba re.same.
7/16118 Burr;James Review and detailed ieply.to J:Julien emailre Y_ I 1;50
C _� ;Telephone con£w/M.Boba;and.addiiional reply with
-7/16/18 Boba, T/c J.Burrre; 30.
Matthew C' review client'correspondence
7/17/18. Burr,James .Telephone,conf.w/T. Samuelson and M.-Boba re.CC..Review file and .50
emat s:
7/17/18 Boba, Call w/.T Samuelson&J.CB red .30
Matthew G i
7/25118 Burr;James Telephone.conf.w/Todd re; 40
8/06/18 BurrrJames Begin review of,' NINO .40
C
8/06/18. Boba, Review 30
Matthew C
8/07/18 Burr,James Review; Telephone conf.wl M. 80
C Boba re same. -
CHAPMAN AND CUTLER.LLP
Invoice 4:183076
Date . Attorney Services Rendered Hours
8/08/18 Burr;James. Forwardto-Todd, 10
!- ..
C --- -
8/21/18 . Boba, Review 1 1.70
Matthew G E
8/22/18 Burr,James Review and mark comments on i a forward to 1.10
C Todd..:
8/23118 Burr,James. Review additional attachments to' ;comments to Todd via .90
C email., -
9/24/18 Burr James Emails,review and sign off. .40
C
9%24%18 Boba, Review i y _ ?and related .20
Matthew C correspondence'
TIME SUMMARY
Name Hours Rate Total
Burr,James C
-. .
Boba,Matthew C ! -.
TOTALS 32.70: $24,525.00
Total Fees $24,525:00
OTHER CHARGES AND DISBURSEMENTS SUMMARY
Description Amount
Digital Copies-B&W 5:2$,
Total Other Charges and Disbursements $5.28
TOTAL FEES,OTHER CHARGES AND DISBURSEMENTS $24,530.28
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-3-
CHAPMAN AND CUTLER LLP
MatterNo.; 8706541,
.Date:: November 19,.2018 .: .
Invoice#: 1830776
INVOICE.
H.J. Umbaugh-and.Associates, CPAs
8365 Keystone Crossing
Suite 30.0
P.O.Box.40458
Indianapolis,ID 462401458
RE. H.1 Umbaugh:-.City of Carmel
N EEs..
Da.te: :.Atto.rney: Services Rendered Hours
5/31/18, ' Burr,.James Telephone conf.w/T:Samuelson; .50
C .
6/04/18-:Burr;:James Telephone conf.w/M::Bolia ie HJU client matter.Emails to HJU. .50..
C
6/04/18 Boba, T/c JCB re: �_rev_iew! ; .80 .
Matthew C
6/05/18 Burr;:James :'Telephone conf w/'HJU,.Faegre and M.Boba:re,HJU client 1:00
C
6/05/18- Bobs; Prep and call re: -- - t_—. 1.70
Matthew C: .
6!07/18. :Boba,'. Call w/JCB re 20.
Matthew.0 -- -
6/11/18 Burr,James Telephone conf w/T. Samuelson rel 40
p
6/14/18 . Boba Prep and call ret summary for JCB;review— -E 1.80
Matthew G -
6/i 9/18 Burr,:James Review! Telephone conference w/HJU and 1.90
6/19/.18*. Boba, Prep and call re; ;review( .2.80
Matthew.C a . ..
6/21/18. _Burr,James Conference calls:(1).HJU and, _ 1:90
C F _-. !and(2):HJL1, { re client mfo. .:
—' --
`Keview materials.fromt j-Emails.
6/21/18 Boba, -
Call w/' re; Review 3:50
Matthew C w
-_-__----------- ----- __ _ _ _ _ ';.call . �T
Samuelson&J Julienfre status T
CHAPMAN AND CUTLER.LLI'
Invoice#: 1830776
Date.. Attorney. : Services Rendered _ Hours
6/22/18. Burr,-James.' -Review and reply to email from 1.10
C draft follow-up email and distribute for comment;and revise per
comments.:
1 :6/22/18 Boba,: .Review correspondence re i .40
Matthew C 1_ _ _ s review,
review JCB draft.eiriaiI to` .
7/02/18 .Burr,James Review email s,.email to_Todd,voicemail to i .30
- C
.7/03/18 Burr,James Telephone:conf w/_M.
Bob review ;email to Todd,: ' S0
C
7/03/18 Burr;James Telephone conf.-w/T. Samuelson w/CC updated info: - .30
C
7/03/18: . Boba; ,, and emai1,developments .10
T/c J Burr -.
Matthew C
7/09/18 : Burr,James. Calls and emails fd 'matter. .80 '
- -
7/10/18 Burr,James . Telephone conf..w/J:Julien and M'.Boba re �- - - — 1:10
C -- -- -
:7/10/18.:Boba; Call,w/J Julien re 1.20
Matthew.0 -- - -
7/11/18. :Burr,James Review J:Julien.outline for and.respond via :50.
C email: --
7/.12/l8Burr;:James Review J.Julien re _ telephone.conf.w/ .5.0
.:C . M.Boba re same..,
7/16/18. Burr,James .Review and detailed reply to J.:Julien email:re
9
1;50
C Telephone conf w/M:.Boba;and additional, y.
replwith�
7/16/18 . Boba, (6 J.Burrre :3.0
Matthew.0 review, client correspondence
. 7/17/18 .Burr,James Telephone.conf w/T. Samuelson and M.Boba re CC. Review file and .50
C emails.
7/17/18 Boba,. Call w/:T Samuelson&JCB re
:30
Matthew C
7/25/18 . Burr,James Telephone conf.w/Todd:red j .40
C
8/06/18 Burr,James. Begin review of; .40
C V -
8/06/18. Boba, Review' .30
Matthew C -
8/0.7/18 Burr,James Review_ 'Telephone conf.w/M. .80.
C Boba re same.- —
_2_
CHAPMAN AND CUTLER.LLP. .
Invoice#: 1830776
Date'.. Attorney. ServicesRendcred _. .: : _ _ Hours.
8/08/18. Burr;James: Forward i to Todd. .10
8/21/18: Boba, Review -_ _ - - -- - -- - 1:70
Matthew G T-J d_-
8%22l18 Burr,James Review and mark comments ori forward to
C. Todd.,e
8/23/18 Buir,James, . Review additional.attachments to, icomments to Todd.via_ .90.
email -
C. -
:9/24/18 Burr,James : EmaiN,review! - and sign off.: .:: .40
C —.-
9/24/18 Boba' Review; - r _ ;and related .'.20.,
Matthew C colt pondence.f - ___
TIME SUMMARY ..
Name . .. Hours .: . Rate Total
Burr;James C
Boba,lVlatthew C .
TOTALS. 32.70 S 24,525:00.
Total Fees
4525
$2 , -00: .
OTHER CIiARGES AND DISBURSENIENTS.SUMMARX
Description Amount
Digital Copies-B&W 5:28
T
-otal Other.Charges.and Disbursements . $5.28
TOTAL FEES:,OTHER CHARGES AND DISBURSEMENTS_ $24,530.28
Allo CA���- F 5
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3.:
FaegreBD.com " USA v UK CHINA
DW, LS
. _ F/aEGRE BAKER
June 19,2018 Invoice .. 31 118724.
Tax ID, 41=0244008"
R..Scott Sorensen,CPA
HJ Umbaugh&Associates -
Certified Public Accountants,LLP
8365 Keystone•Crossing;Suite 300
Indianapolis,-IN 46240-2687-
Invoice Detail
Client HJ Umbaugh
Matter" City of Carmel 2018
FaegreBD File 977206.000013
For professional services rendered and disbursements incurred through May-34;2018
Professional.Services
Date. Name . Hours. Description:
ONE
300 N.Meridian Street.v.Suite 2700
Indianapolis;•Indiana 46204-1:750..
Phone+1 317 237 0300 Y Fax+1317 2371000. .
HJ Umbaugh. Faegre Baker Daniels LLP
June 19,2018. Invoice 311.18724
Page 2
Date Name' _ Hours.Description
05105/18 J.M.Clark '0.60. Emails J:P.Hanlon,T.Belden;J:Hamm__e_r_m_a_n;doc_u_m_ent review
05/05/18 J.P,Hanlon 0.40.-R_e_v_iew and analysis of emaiIs-from T _
r_ _ —emails.
wdh client representatives:regarding same.- - - —
05/05/18 D.E,Pulliam
0.20- Review of communications related to'
•
05/07/18; J:M.Clark_ 1.40. Conference
.call J:-Hammerman;.T.Samuelson;L.Malthes,J:P.Hanlon,B.
Colton;telephone call and emails J.R.,Hanlon;.emails.D.Pulliam
05/07118 J.P.Hanlon 3.00 .Conference call with.client representatives regarding;
- _ - --
"regarding :conterence
withLI -
-
`_ emalls vrfth client representatives
05/07118 J:Hammerman 1.00:-Telephone call with J.P.Hanlon;M.Clark;L.Matthes;T.Samuelson' dl
status—
�. .
300.14:Meridian Street v Suite 2700
Indianapolis_.Indiana 46204-1750: .
Phone+131.7 237 0300'v Fax+1 317 237 1000
HJ Umbaugh. Faegre Baker Daniels LLP
June 19,2018 Invoice 31118724
Page 3
Date Name Hours, Description
05110118 J.M.Clark
0.50.Telephone-call and:emails J.P.Hanlon
05/10118 J.P:Hanlon 2.50Conferences J.Hammerman and D.Pulliam re ardin meeting
and strategy;conference call with Executive:Committe
regarding status and.strategy;conference call with'
05/10/18 D.E.Pulliam- 800 Prepare:for meeting—re ardingstatus.ot—meeting.with
i
regarding status� debrief with J.:Hanlon regarding me=.
regarding sta us of draft summary of meeting
tele hone conference with Umbau h executive committee regarding
e .
g - —
meetin regardinA status telephone call with J:Hanlon
05/10/18 J.Hammerman 4.00 Meettrig with Pulliam regarding, ---- `—
meeting �egarding�of I _
update JR Hanlon on meetingW tele hone
call with:Umbaugh executive team regarding meeting and
next
steps;telephone call with.D::Pulliam:wliile driving back from Indianapolis_
regarding completion'of call with Umbaugh executive team and
- - - .
own
05111118 J.M.Clark
1:20 Conference call T.Samuelson,J.P.Hanlon;conference call J.P..Hanlon,J.
Hammerman;-email J.P.-Hanlon
05/11/18 J.P.-Hanlon _ 1.80._Conference.call with Executive Committee regarding status and strategy, _
conference with J.Hammerman regarding strategy;conference call with i
05/11/18 D.E..Pulliam 3.60.Telephone call with client executive.team regarding.conference with'
telephone call with L.Matthes,J.Hanlon,and T.Samuelson regarding
statuses finalize memo summarizing meeting—
300 N.Meridian Street v Suite 2700
Indtanapolis.v Indiana 46204-1.750
Phone+1 317 237 0300.Faz+1 317 237 1000
HJ Umbaugh Faegre Baker Daniels LLP
June 19,2018 Invoice 31118724
Page 4
Date Name Hours Description
05/11/18 J.Hammerman 0.30 Telephone call with J.P.Hanlon and
05/17/18 J.P.Hanlon 0.30 Review update from J.Hammerman regarding communications-
-
05/17/18 J.Hammerman 1.10 Te_lephone call regarding
;drafted summary of
telephone call
05/18/18 J.P.Hanlon 3.00 Conference call with Executive Committee regardinq�status and
_strategy;conference_with regarding
conferences with J.Hammerman and D.Pulliam
re arain strate ;oevelop strategy
300 N.Meridian Street.Suite 2700
Indianapolis•Indiana 46204-1750
Phone+1317 237 0300•Fax+1 317 237 1000
HJ Umbaugh Faegre Baker Daniels LLP
June 19,2018 Invoice 31118724
Page 5
Date Name Hours. Description
. . .
05/30/18 J.M.Clark 1.00 Conference call with J.P.Hanlon,T.Samuelson;telephone calls and emails J.P.
Hanlon,T.Samuelson
05/30/18 J.P.Hanlon . 1.30 Review status ofigreview;analysis of ;call with T.
Samuelson regarding
05130/18 J.Hammerman 0.10 Telephone call with J.P.Hanlon regardingissues related to,
300 N.Meridian Street Y Suite 2700
Indianapolis v Indiana 46204-1750
Phone+1317 237 0300•Fax+1 317 237 1000
.
HJ Umbaugh. Faegre,Baker Daniels LLP . .
June 19,2018 Invoice 31118724
Page 6,
Date . Name Hours.;Description _
.05/31/18 . JR.Hanlon 0.9.0. Develop�_strategy;_conferenceehd email with_T.-_Samuelson
regarding`,-
05131118.. J.:Hammerman 0.10:Meeting.with J.P..Han[on reaarding status acid issues
related to
Total Hours 142.30
Total.Services $ -.
Disbursements
Description Date. $ Value Quadty
Intemal CopyinglPrinting.
Color Copies
�.
Subtotal Summarized Disbursements,
�..
...Total.Disbursements
Invoice
300 N.Meridian Street v Suite 2700
Indianapolis v.Indiaila 46204=1750-
Phone+1 317 237 0300 w f=az+1317 237 1000