HomeMy WebLinkAbout10-30-17 Carmel Bond Bank MinutesTHE CITY OF CARMEL
LOCAL PUBLIC IMPROVEMENT BOND BANK
MEETING MINUTES
Monday, October 30, 2017 — 3:00 P.M.
Department of Community Services Conference Room
One Civic Square
BOARD MEMBERS PRESENT
Anna Stout, James Eibel and John Schuler
OTHERS PRESENT
Christine Pauley, Executive Director of the Bond Bank and Clerl<-Treasurer of the City of Carmel; Loren Matthes, Heidi
Amspaugh and Courtland Jackson of H.J. Umbaugh & Associates; Bruce Donaldson of Barnes & Thornburg LLP; Landon
Boehm and Alli Deaton of Hilliard Lyons; Ann Bingman, Director of Finance, Clerk -Treasurer's Office, City of Carmel.
Christine S. Pauley, Clerk Treasurer of the City of Carmel, called the meeting to order at 3:02 p.m. and recognized a quorum of
the Board present.
OLD BUSINESS
None
NEW BUSINESS
1. Consideration and approval of the minutes of the Bond Bank Board meeting held on September 7, 2017.
2. Mr. Donaldson discussed the Description of Projects identified in Exhibit A as well as the related flowchart of the
debt issuance. He also discussed the public private partnership for the new hotel, saying that the bonds will not be
sold until the construction loan closes.
3. Ms. Matthes and Ms. Amspaugh discussed the special purpose report for The City of Carmel Local Public
Improvement Bond Bank Special Program Bonds, Series 2017B-1, Taxable Special Program Bonds, Series 2017C-1
and Taxable Special Program Bonds, Series 2017C-2.
4. A motion to pass a board resolution authorizing the issuance of one or more series of bonds of the Bond Bank and
approving other matters in connection therewith was made. A vote was taken and the Board unanimously passed
the resolution.
5. Mr. Boehm discussed various aspects of the new public offering and private placement, including but not limited to:
the sources and uses of funds, bond debt service, bond pricing, spread to municipal grade yield and bond summary
statistics.
OTHER BUSINESS
1►C.7T'
ANNOUNCEMENTS
None
ADJOURNMENT
There being no further business to come before the Board, the meeting was adjourned at approximately 3:53 p.m.
APPROVED
Approved and adopted this 7th day of December, 2017, in Carmel, Indiana.
THE CITy�OF CARMEL LOCAL PUBLIC IMPROVEMENT BOND
Anna Stout, Chair
Jams �lointer, Vice-Ch`�ir
John Schuler
F an' I "Aber rombie
James Eibel
Christine S. Pauley, Cerk-Treasurer