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Home My WebLink About333759 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