HomeMy WebLinkAbout12-07-17 Carmel Bond Bank MinutesTHE CITY OF CARMEL
LOCAL PUBLIC IMPROVEMENT BOND BANK
MEETING MINUTES
Thursday, December 7, 2017 — 6:00 P.M.
Department of Community Services Conference Room
One Civic Square
BOARD MEMBERS PRESENT
Anna Stout, James Eibel, Jarvis Jointer and Frank Abercrombie
OTHERS PRESENT
Christine Pauley, Executive Director of the Bond Bank and Clerk -Treasurer of the City of Carmel; Susan Reed of H.J. Umbaugh
& Associates; Ann Bingman, Director of Finance, Clerk -Treasurer's Office, City of Carmel; Jonathon Trznadel and Matt Nurley
of PNC.
Christine S. Pauley, Clerk Treasurer of the City of Carmel, called the meeting to order at 6:02 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 October 30, 2017.
2. Ms. Reed presented the Debt Management Policy and answered Board Member questions. A motion to pass the
approval of the City of Carmel Local Public Improvement Bond Bank Debt Management Policy was made. A vote was
taken and the Board unanimously passed the new debt policy.
3. The Board discussed the three seal designs and an integration of seal characteristics was proposed. Board Members
agreed they would like the revised seal design presented in three colors (gold, green and blue) so that they can vote
and approve the final seal design for the City of Carmel Local Public Improvement Bond Bank at the next board
meeting. Ms. Bingman will follow up with Wilkinson Brothers.
4. Ms. Bingman discussed the pricing and audit services as specified in the Katz Sapper Miller Engagement Letter for
the fiscal year ended 2017.
5. Ms. Pauley and the Board Members discussed and finalized the following dates for board meetings: January 11,
2018; April 5, 2018; July 12, 2018 and October 4, 2018.
6. Ms. Pauley discussed the upcoming vote to elect Chairman and Vice Chairman of the City of Carmel Local Public
Improvement Bond Bank for calendar year 2018.
OTHER BUSINESS
None
ANNOUNCEMENTS
None
ADJOURNMENT
There being no further business to come before the Board, the meeting was adjourned at approximately 6:55 p.m.
APPROVED
Approved and adopted this 11th day of January, 2018, in Carmel, Indiana.
THE CITY OF CARMEL LOCAL PUBLIC IMPROVEMENT BOND
BAN
�l I �/
Anna Stout, Ch it
Jarvis Jointer, Vice -Chair
John Schuler
James Eib el