HomeMy WebLinkAbout333759 12/19/18 CITY OF CARMEL, INDIANA VENDOR: 00351669
ONE CIVIC SQUARE H J UMBAUGH &ASSOCIATES CHECK AMOUNT: $****11,752.50*
CARMEL, INDIANA 46032 8365 KEYSTONE CROSSING STE 300 CHECK NUMBER: 333759
s� INDIANAPOLIS IN 46240 CHECK DATE: 12/19/18
DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION
902 4340300 156061 4,330.00 ACCOUNTING FEES
902 4340300 156062 6,317.50 ACCOUNTING FEES
902 4340300 156063 1,105.00 ACCOUNTING FEES
VOUCHER NO. WARRANT NO. Prescribed by State Board of Accounts City Form No.201(Rev.1995)
Vendor# 00351669 ALLOWED 20 ACCOUNTS PAYABLE VOUCHER
H J UMBAUGH &ASSOCIATES IN SUM OF$ 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
$11,752.50
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
156063 43-403.00 $1,105.00 1 hereby certify that the attached invoice(s),or 11/26/18 156063 Sunrise TIF $1,105.00
902 902 902 902
156061 43-403.00 $4,330.00 bill(s)is(are)true and correct and that the 12/7/18 156061 TIF financing feasibility and bonds- $4,330.00
902 1 902 materials or services itemized thereon for 902 1 902 Proscenium
156062 43-403.00 $6,317.50 12/7/18 156062 TIF financing feasibility-ALO $6,317.50
902 902 which charge is made were ordered and 902 902
111 T received except
Tuesday, December 18,2018
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@cannel.in.gov
mlee@carmel.in.gov
Re: Municipal Advisory Services related to the City of Carmel, Indiana
$6,000,000 Taxable Economic Development Revenue Bonds, Series 2098
(Sunrise on the Monon Project)
Invoice No. 156063 Please Include Invoice Number with Remittance
Date 11/26/2018
Client No. C00600.RED71
For professional services rendered from October 12, 2018 through November 2,2018 in connection with
the issuance and closing of the above-Bonds in accordance with Engagement Letters dated March 14,
2017 and February 16, 2018.
See attached detail of services.
Current Amount Due $ 1.105.00
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 City of Carmel,Indiana
$6,000,000 Taxable Economic Development Revenue Bonds,Series 2018(Sunrise on the Monon Project]
Invoice Supporting Detail
Invoice Date: 11/26/18
Invoice No.: 156063
Date Service Description Employee Memo Hours Fees
10/12/2018 Financial Analysis Matthes Sunrise-Closing letter and FS Report 1.00 $ 420.00
10/23/2018 Financial Analysis Matthes review Gateway debt report 0.50 210.00
10/30/2018 Financial Analysis Jackson,Jr. Gateway Debt Report submission prep. 1.50 210.00
10/31/2018 Financial Analysis Jackson,Jr. Submitting Gateway Debt Report. 0.25 35.00
11/1/2018 Communications Mouser Sunrise 0.50 125.00
11/1/2018 Financial Analysis Jackson,Jr. Answering Christine's cost of issuance questions. 0.25 35.00
11/2/2018 Financial Analysis Jackson,Jr. Answering cost of issuance questions. 0.50 70.00
Total 4.50 $ 1,105.00
H. J. Umbaugh & Associates
Certified Public Accountants,LLP
8365 Keystone Crossing, Suite 300
Indianapolis,IN 46240-2687
(397)465-1500
Mr. Henry Mestetsky, Executive Director
Mr. Mike Lee, Finance Director
Carmel Redevelopment Commission
30 West Main Street, Suite 220
Carmel, 1N 46032
hmestetsky@carmel.in.gov
mlee@carmel.in.gov
Re: Municipal Advisory Services related to
ALO Financing Feasibility
Invoice No. 156062 Please Include Invoice Number with Remittance
Date 11/2612018
Client No. C00600.RED40
For professional services rendered from January 2018 through May 14, 2018 in connection with financial
planning of the proposed ALO condo project in Carmel, Indiana. Services to-date include: preparation of
tax increment (TIF) projections and financial feasibility analyses based on investment information from
Developer; discussions and analysis related to funding of infrastructure and Developer/CRC TIF split,
meetings/calls with developer; and other related services in accordance with Engagement letters dated
March 14,2017 and February 16,2018.
See attached detail of services.
Current Amount Due $ 6.317.50
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
"ALO"Financing Feasibility
Invoice Supporting Detail
Invoice Date: 11/26/18
Invoice No.: 156062
Date Service Description Employee Memo Hours Fees
1/24/2018 Financial Analysis Matthes info/call with Henry re:ACD Property Group mixed use project
(3-story)4th and Range Line Rd;follow-up re:assessment and
TIF capture criteria 0.50 $ 210.00
3/28/2018 Financial Analysis Matthes ALO 4th&Rangeline-pro forma from ALO and Henry;discuss
with Heidi 0.25 105.00
4/5/2018 Financial Analysis Amspaugh ALO Project discussion 1.00 290.00
4/5/2018 Financial Analysis Matthes Alo-4th&Rangeline-reviewing info and pro forma w staff-
listing questions for developer;discussing/planning analysis 1.00 420.00
4/5/2018 Financial Analysis Jackson,Jr. ALO Project. 1.25 175.00
4/10/2018 Teleconference Matthes call with ALO rep's to discuss project,questions,etc. 0.50 210.00.
4/10/2018 Teleconference Jackson,Jr. ALO project call. 0.75 105.00
4/19/2018 Financial Analysis Jackson,Jr. ALO Project. 0.50 70.00
4/23/2018 Financial Analysis Amspaugh Disc FS w Courtland;Email ALO re outstanding questions 0.75 217.50
4/23/2018 Financial Analysis Jackson,Jr. ALO TIF Financing Feasibility(FS). 6.50 910.00
4/24/2018 Financial Analysis Jackson,Jr. ALO FS. 4.75 665.00
4/26/2018 Financial Analysis Jackson,Jr. ALO FS. 1.75 245.00
4/27/2018 Financial Analysis Amspaugh FS questions to Wkg Group;Discussion w Courtland;Emails w
Wkg Group and Co Auditor's office re plat 1.00 290.00
5/3/2018 Financial Analysis Amspaugh Review FS 1.00 290.00
5/4/2018 Financial Analysis Amspaugh FS 0.50 145.00
5/4/2018 Financial Analysis Jackson,Jr. ALO FS. 1.50 210.00
5/7/2018 Financial Analysis Jackson,Jr. ALO Project FS. 0.25 35.00
5/7/2018 Financial Analysis Amspaugh FS 0.25 72.50
5/8/2018 Financial Analysis Jackson,Jr. ALO Project. 0.50 70.00
5/8/2018 Financial Analysis Matthes 1.00 420.00
5/11/2018 Teleconference Amspaugh Call w Henry and Mike Lee re ALO Feasibility 0.50 145.00
5/11/2018 Teleconference Jackson,Jr. ALO Project call. 0.75 105.00
5/11/2018 Teleconference Matthes discuss TIF FS incentive analysis with Henry and Mike Lee 0.75 315.00
5/12/2018 Financial Analysis Jackson,Jr. ALO Project. 0.75 105.00
5/14/2018 Financial Analysis Amspaugh Review FS 0.25 72.50
5/14/2018 Financial Analysis Matthes revised ALO option to net$600,000 proceeds;original option 0.50 210.00
5/14/2018 Financial Analysis Jackson,Jr. ALO Project FS. 1.50 210.00
Total 30.50 $ 6,317.50
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@cannel.in.gov
mlee@carmel.in.gov
Re: Municipal Advisory Services related to
Proscenium Financing Feasibility and Bonds
Invoice No. 156061 Please Include Invoice Number with Remittance
Date 11/2612018
Client No. C00600.RED63
For professional services rendered from November 28, 2017 through June 25, 2018 in connection with the
financial planning of the Proscenium Project. Services included preparation of additional bond financing
options; and other related services in accordance with Engagement Letters dated March 14, 2017 and
February 16,2018.
See attached detail of services.
Current Amount Due $ 4.330.00
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
Proscenium Financing Feasibility and Bonds
Invoice Supporting Detail
Invoice Date: 11/26/18
Invoice No.:156061
Date Service Description Employee Memo Hours Fees
11/28/2017 Financial Analysis Mouser discuss w/Loren,call w/Loren w/Henry 8 1.00 $ 240.00
11/28/2017 Financial Analysis Matthes calls with Henry and Karl re:project delay
due to Duke power lines,problem for
Anderson Birkla lender;discuss potential
CRC issue of SBT Bonds instead of
developer bonds;discuss interest rates,
cap.interest,two series with different 2.00 800.00
11/29/2017 Financial Analysis Mouser various 0.50 120.00
12/4/2017 Financial Analysis Mouser various 0.50 120.00
12/4/2017 Financial Analysis Matthes Henry request comparison analysis of diff
types of bond options options-EDC
developer purchase(now/later);MO
Bonds,SBT Bonds;respond regarding 1.25 500.00
12/5/2017 Financial Analysis Mouser developer,moral ob&SBT scenarios-call
w/Tony Birkla,interest rates from Tim, 3.00 720.00
12/6/2017 Financial Analysis Mouser developer,moral ob&SBT scenarios 3.00 720.00
12/7/2017 Financial Analysis Matthes Analysis of different bond options prepare 1.00 400.00
12/7/2017 Financial Analysis Mouser developer,moral ob&SBT scenarios 1.50 360.00
12/20/2017 Meeting Matthes discuss development,Duke transmission
lines timing,Council reaction,developer 0.25 100.00
1/2/2018 Financial Analysis Mouser verify TIF database . 0.50 125.00
6/25/2018 Correspondence Mouser timing per H.Mestetsky 0.50 125.00
Total 15.00 $4,330.00