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HomeMy WebLinkAbout333503 12/14/18 �or_c.iq,M £ . CITY OF CARMEL, INDIANA VENDOR: 00351669 j ONE CIVIC SQUARE H J UMBAUGH &ASSOCIATES CHECK AMOUNT: $"""25,816.25" :�� �� CARMEL, INDIANA 46032 8365 KEYSTONE CROSSING STE 300 CHECK NUMBER: 333503 +,,«oN�. INDIANAPOLIS IN 46240 CHECK DATE: 12/14/18 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 1801 4340400 156065 8,631.25 CONSULTING FEES 1801 4340400 69 12,405.00 CONSULTING FEES 1801 4340400 70 4,780.00 CONSULTING FEES VOUCHER NO. WARRANT NO. Prescribed by State Board of Accounts City Form No.201(Rev.1995) Vendor# 00351669 ALLOWED 20 ACCOUNTS PAYABLE VOUCHER H J UMBAUGH&ASSOCIATES IN SUM OF$ 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 $25,816.25 ON ACCOUNT OF APPROPRIATION FOR Purchase Order# Redevelopment Department 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 70 43-404.00 $4,780.00 1 hereby certify that the attached invoice(s),or 11/26/18 70 TIF Financing Feasibility $4,780.00 1801 101 1801 101 69 43-404.00 $12,405.00 bill(s)is(are)true and correct and that the 11/26/18 69 TIF Neutralization $12,405.00 1801 1 101 materials or services itemized thereon for 1801 101 156065 43-404.00 $8,631.25 11/26/18 156065 TIF Management Services $8,631.25 1801 101 which charge is made were ordered and 1801 101 received except e' Tuesday, December 11,2018 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: Tax Increment(TIF) Management Services and Preliminary Financing Feasibility Invoice No. 156065, 69, 70 Please Include Invoice Number with Remittance Date 11/26/2018 Client No. C00600.RED3, 28, 69 For professional services rendered from March 2018 through November 15,2018 relating to tax increment financing (TIF): assistance with TIF monitoring and administration for approximately 30 TIF Areas; preparation of TIF neutralization worksheets and coordination with County Auditor; responding to various information requests; preparing preliminary financing feasibility of specific projects; and other related services in accordance with an Engagement Letter dated February 16,2018. See attached detail of services. TIF Management Services $ 8,631.25 TIF Neutralization 12,405.00 TIF Financing Feasibility 4,780.00 Current Amount Due $ 25.816.25 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 Management Invoice Supporting Detail Invoice Date: 11/26/18 Invoice No.: 156065,69,70 Date Service Description Employee Memo Hours Fees 5/2/2018 Financial Analysis Matthes advance refunded bonds as of 12/31/17-needed by Coonrod for City Audit 0.50 $ 210.00 5/2/2018 Financial Analysis Jackson,Jr. Refunded Debt Outstanding schedule. 0.75 105.00 5/16/2018 Financial Analysis Matthes discuss w/C.Cromer and Susan-question from Ann Bingman re:source of payment of arbitrage invoices for non-lease rental and non-sewer bonds 0.50 210.00 5/31/2018 Financial Analysis Schrader Proof Legacy TIF Comparison 1.75 236.25 6/1/2018 Financial Analysis Stephenson Carmel Database Management-T29102 3.25 292.50 6/8/2018 Financial Analysis Mouser TIF databases,Monon&Main,etc. 0.25 62.50 6/11/2018 Financial Analysis Mouser re:Arts Lofts TIF 0.75 187.50 6/12/2018 Financial Analysis Matthes late Lofts TIF(Sophia Sq.)tax payment,EDC Bond refinancing,and emails among County Auditor,CRC, Christine Pauley's questions,etc.;touch base with Andy 0.50 210.00 6/19/2018 Financial Analysis Amspaugh National City TIF Area email and research 0.50 145.00 7/12/2018 Financial Analysis Tiernan Feasibility-review comparison of historical collections to estimates 0.75 105.00 7/17/2018 Financial Analysis Matthes Feasibility-prep with George and Heidi for call with Jeremy Kashman on the 2016 COIT Bond available 0.75 315.00 7/17/2018 Communications Matthes call with Jeremy Kashman,City Engineer(and George and Heidi)regarding the 2016 COIT Bond available proceeds, and other bonds,storm water and capital projects etc. 0.75 315.00 7/19/2018 Financial Analysis Matthes COIT Bonds and extra proceeds and project costs;research files and FOS and send S&U schedules;search for additional project details 1.00 420.00 8/6/2018 Communications Mouser call w/L.Graham re:Nash Building air rights parcels in Downtown 1TIF 0.50 125.00 8/15/2018 Communications Matthes re:RDA and SBOA-with Henry,Mike,Bruce and Dan 0.50 210.00 9/11/2018 Financial Analysis Jackson,Jr. Confirming that two parcels are not in the North Illinois Street Expansion Area. 0.25 35.00 10/8/2018 Communications Mouser A.Bingman 0.75 187.50 10/8/2018 Financial Analysis Jackson,Jr. Principal paid dawn in 2018. 1.50 210.00 10/12/2018 Communications Mouser T.Berry @ Nuveen-Clarian TIF Report 1.00 250.00 10/15/2018 Financial Analysis Mouser Clarian/Nuveen 1.00 250.00 10/15/2018 Financial Analysis Jackson,Jr. Clarian TIF Estimate. 2.75 385.00 10/16/2018 Financial Analysis Amspaugh Data:Clarian parcels information to Mike Lee 0.50 145.00 10/16/2018 Financial Analysis Jackson,Jr. Report:Clarian TIF Estimate. 0.75 105.00 10/16/2018 Financial Analysis Mouser Clarian/Nuveen-review report,discuss w/C.Jackson 2.00 500.00 10/17/2018 Financial Analysis Mouser Report:Clarian/Nuveen 3.00 750.00 10/18/2018 Financial Analysis Jackson,Jr. Report:Clarian TIF. 0.25 35.00 10/18/2018 Financial Analysis Mouser Report:Clarian/Nuveen 1.00 250.00 10/19/2018 Financial Analysis Mouser Gateway reports-Monon&Main 0.50 125.00 10/30/2018 Financial Analysis Mouser Report:Clarian/Nuveen 0.25 62.50 10/31/2018 Financial Analysis Mouser Gateway reports-Sunrise,Monon&Main 0.75 187.50 11/2/2018 Communications Mouser call w/L.Graham re:Gramercy 1.75 437.50 11/5/2018 Financial Analysis Amspaugh Report:Discussion w Loren re RDC Annual Mtg presentation 0.50 145.00 11/7/2018 Financial Analysis Mouser MCW,MCE&Downtown Area#3 0.50 125.00 11/7/2018 Financial Analysis Mouser Monon&Main Gateway Debt Report 1.50 375.00 11/9/2018 Financial Analysis Matthes Clarian TIF Report 1.00 420.00 11/12/2018 Financial Analysis Jackson,Jr. Annual RDC TIF Requirement presentation. 0.25 35.00 11/13/2018 Financial Analysis Mouser various discuss w/L.Matthes 0.75 187.50 11/15/2018 Financial Analysis Matthes revised Monon&Main debt schedule-discuss w/Courtlan 0.25 105.00 10/19/2018 Financial Analysis Jackson,Jr. Gateway Debt Report-Monon and Main. 0.50 70.00 11/15/2018 Financial Analysis Jackson,Jr. Gateway Debt Report-Monon and Main. 0.75 105.00 Subtotal 37.00 $ 8,631.25 Carmel Redevelopment Commission Re: Municipal Advisory Services related to TIF Neutralizations invoice Supporting Detail Invoice Date: 11/26/18 Invoice No.: 156065,69,70 Date Service Description Employee Memo Hours Fees 3/26/2018 Financial Analysis Amspaugh Email w County Auditor re timing 0.25 $ 72.50 4/30/2018 Financial Analysis Amspaugh TIF Areas-Neutralizations 0.50 145.00 5/29/2018 Financial Analysis Schrader Growth Comparison 0.25 33.75 5/30/2018 Financial Analysis Schrader TIF Neutral Database Comparison 0.25 33.75 5/30/2018 Financial Analysis Stephenson TIF Neutral Database Management 1.50 135.00 6/1/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 0.50 70.00 6/1/2018 Financial Analysis Stephenson database management-T29103-T29106 1.50 135.00 6/4/2018 Financial Analysis Stephenson T29118-126 2.50 225.00 6/4/2018 Financial Analysis Stephenson Database Management-t29108-117 3.00 270.00 6/5/2018 Financial Analysis Stephenson Database Management 127-144 3.25 292.50 6/8/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 1.50 210.00 6/13/2018 Financial Analysis Stephenson TIF Neutralization Prep 4.75 42750 6/14/2018 Financial Analysis Stephenson TIF Neutralization Prep 5.00 450.00 6/15/2018 Financial Analysis Stephenson TIF Neutralization Prep 4.75 42750 6/19/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 1.00 140.00 6/20/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 0.25 35.00 Email Kevin Poore re"Reval"on Property Record 6/20/2018 Financial Analysis Amspaugh Cards 0.25 72.50 6/22/2018 Financial Analysis Jackson,Jr. Reviewing 2018 TIF Neutral. 2.25 315.00 6/22/2018 Financial Analysis Stephenson TIF Neutralization Prep 2.50 225.00 6/27/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 0.25 35.00 Legacy TIF parcels review for Pay 2019;Emails w 6/27/2018 Financial Analysis Amspaugh County Auditor 0.50 145.00 6/27/2018 Financial Analysis Stephenson TIF Neutralization Prep 5.00 450.00 6/28/2018 Financial Analysis Stephenson TIF Neutralization Prep 3.75 337.50 6/29/2018 Financial Analysis Jackson,Jr. 2018 TI Neutral. 0.25 35.00 6/29/2018 Financial Analysis Stephenson TIF Neutralization Prep 7.75 697.50 7/7/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral Review 5.00 700.00 7/11/2018 Financial Analysis Stephenson TIF Neutralization Prep 0.50 45.00 7/11/2018 Financial Analysis Stephenson TIF Neutralization Heidi&Lee questions 0.50 45.00 7/11/2018 Financial Analysis Amspaugh Prep:TIF Neutralization discussion With Elyce 0.50 145.00 7/11/2018 Financial Analysis Stephenson Data collection TIF Neutralization Prep 6.25 562.50 7/12/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral Review. 2.25 315.00 7/13/2018 Financial Analysis Amspaugh Data:Neutral discussion w Elyce 0.25 72.50 7/13/2018 Financial Analysis Jackson,Jr. 2018 Carmel TIF Neutral Review. 3.75 525.00 7/13/2018 Financial Analysis Stephenson Prep TIF Neutral 6.50 585.00 7/14/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 3.50 490.00 7/15/2038 Financial Analysis Amspaugh Data:Review TIF Neutral 5.00 1,450.00 7/16/2018 Financial Analysis Amspaugh Data:Review TIF Neutral 0.25 72.50 7/16/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 1.00 140.00 7/17/2018 Financial Analysis Amspaugh Data:Review TIF Neutral;Send to client 1.25 362.50 7/17/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 3.50 490.00 7/25/2018 Financial Analysis Amspaugh Data:TIF Neutralization Review 0.25 72.50 7/28/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 1.25 175.00 7/30/2018 Financial Analysis Amspaugh Data:Post Neutralization database review 0.50 145.00 Data:Post Neutralization Database variance 7/31/2018 Financial Analysis Amspaugh review;Email Lee 0.25 72.50 7/31/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 2.75 385.00 8/1/2018 Financial Analysis Jackson,Jr. 2018 TIF Neutral. 1.00 140.00 Subtotal 99.25 $ 12,405.00 Carmel Redevelopment Commission Re: Municipal Advisory Services related to Economic Development Financing Feasibility(ED FS) Invoice Supporting Detail Invoice Date: 11/26/18 Invoice No.: 156065,69,70 Date Service Description Employee Memo Hours Fees 5/2/2018 Financial Analysis Jackson,Jr. ADT Parcel Question. 0.25 $ 35.00 5/2/2018 Financial Analysis Matthes respond to Henry's question re:ADT parcel in TIF DB; Mike Lee and have Courtland check TIF DB and assessment card;confirm and also discuss BIG TIF 0.75 315.00 5/14/2018 Teleconference Matthes Kevin Rider re:LIT discussion with Council rep's from Fishers,Carmel,Westfield,etc.;City capital planning, 0.75 315.00 5/16/2018 Financial Analysis Matthes LIT discussion with Council rep's from cities and towns in Hamilton County-discuss with BCC 0.25 105.00 7/23/2018 Financial Analysis Jackson,Jr. Firehouse Condos Project Discussion. 1.00 140.00 7/23/2018 Financial Analysis Amspaugh Prep:Firehouse Condos Project:Review site plan, discuss Feasibility assumptions 1.25 362.50 7/24/2018 Financial Analysis Morris Feasibility-estimated NAV,circuit breaker credits,TIF 1.25 112.50 7/24/2018 Financial Analysis Jackson,Jr. Proofing Firehouse Condos FS. 1.25 175.00 7/24/2018 Financial Analysis Jackson,Jr. Firehouse Condos FS. 1.50 210.00 7/25/2018 Financial Analysis Jackson,Jr. Proofing Firehouse Condos FS. 1.25 175.00 7/25/2018 Financial Analysis Morris Feasibility-Bond structure firehouse condos 1.50 135.00 7/30/2018 Financial Analysis Morris Feasibility-Edit estimated bond amortization and finalize draft of report 1.50 135.00 7/30/2018 Financial Analysis Jackson,Jr. Reviewing Firehouse Condos FS. 1.75 245.00 8/17/2018 Financial Analysis Amspaugh Prep:Lauth Mtg 0.25 72.50 8/21/2018 Meetings Jackson,Jr. Meeting with Lauth about new project on the ADT Site. 0.75 105.00 8/21/2018 Meetings Amspaugh Lauth Meeting re upcoming project on ADT Site 0.75 217.50 8/21/2018 Meetings Matthes with Lauth reps re:hotel/office on ADT site;TIF FS incentives and discussion;also discuss Clay Terrace projects/density;and other 1.00 420.00 9/6/2018 Communications Matthes respond to question from Henry re:Clay Terrace TIF and City vs County TIF Area;Bruce response 0.50 210.00 9/17/2018 Communications Matthes call w Henry et al re:Clay Terrace proposed development;discuss plans including demo and new devt,info on US 31 Ramps TIF and outstanding bonds (County TIF Area),City options,"Pancake TIF",etc. 0.75 315.00 9/17/2018 Financial Analysis Jackson,Jr. FS-Clay Terrace Project. 1.00 140.00 9/17/2018 Financial Analysis Matthes Feasibility-prep for call re:Clay Terrace proposed development;get info on US 31 Ramps TIF and outstanding bonds(County TIF Area/County Bonds). Diagrams of development;compare to existing 1.00 420.00 9/19/2018 Financial Analysis Matthes Feasibility-discuss with Colton-the Clay Terrace proposed development-US 31 Ramps TIF and outstanding bonds(County TIF Area/County Bonds); already capture the City rate;email to Henry. 1.00 420.00 Subtotal 42.50 $ 4,780.00