HomeMy WebLinkAbout03-14-17 Carmel Bond Bank MinutesTHE CITY OF CARMEL
LOCAL PUBLIC IMPROVEMENT BOND BANK
MEETING MINUTES
Tuesday, March 14, 2017 — 6:00 P.M.
Department of Community Services Conference Room
One Civic Square
BOARD MEMBERS PRESENT
Anna Stout, Jarvis Jointer, John Schuler and Frank Abercrombie
OTHERS PRESENT
Christine Pauley, Executive Director of the Bond Banl< and Clerk -Treasurer of the City of Carmel; Bruce Donaldson of Barnes &
Thornburg LLP, Loren Matthes and Andy Mouser of H.J. Umbaugh & Associates, Corrie Meyer, Executive Director of the
Carmel Redevelopment Corporation, and Ann Bingman, Clerk Treasurer's Office, City of Carmel.
Christine S. Pauley, Clerlc Treasurer of the City of Carmel, called the meeting to order at 6:00 p.m. and recognized a quorum of
the Board present.
OLD BUSINESS
Iif+IT
NEW BUSINESS
1. Consideration of the minutes of the Bond Bank Board meeting held on September 19, 2016.
2. Vote was taken to elect Chairman and Vice Chairman of the City of Carmel Local Public Improvement Bond Bank for
calendar year 2017. Election of Ms. Anna Stout, Chairman and Jarvis Jointer, Vice Chairman.
3. Ms. Matthes discussed the process for establishing a Debt policy for the Carmel Bond Banl< and members were
selected for the working group that will assist with the development.
4. Ms. PaGley discussed possible options regarding the creation of a Carmel Bond Bank Seal.
5. Ms. Pauley and the board members discussed and finalized the following dates for board meetings: May 18, 2017;
June 1, 2017; September 7,2017; December 7, 2017 and January 11, 2018.
OTHER BUSINESS
1. Ms. Meyer discussed the project agreements associated with the Taxable Special Program Bonds, Series 2017A
(Midtown West and Midtown South Projects) debt issuance. Ms. Matthes discussed the tentative security structure
associated with the issuance.
2. Ms. Bingman provided an update regarding the draft financial statements for fiscal year end 2016 and the audit of
the Carmel Bond Bank.
ANNOUNCEMENTS
None
ADJOURNMENT
There being no further business to come before the Board, the meeting was adjourned at approximately
APPROVED
Approved and adopted this 18th day of May, 2017, in Carmel, Indiana.
THE CITY OF CARMEL LOCAL PUBLIC.IMPROVEMENT BOND
BANK, O
Anna Stout, Chair
John Shp1cfr
c h
A'
Christine S. Paulea/, Clerk -Treasurer