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Home My WebLink About215019 12/04/2012 CITY OF CARMEL, INDIANA VENDOR: 365701 Page 1 of 1 fONE CIVIC SQUARE FROST BROWN TODD o CARMEL, INDIANA 46032 PO BOX 44961 CHECK AMOUNT: $39,447.00 INDIANAPOLIS IN 46244-0961 CHECK NUMBER: 215019 CHECK DATE: 12/4/2012 DEPARTMENT ACCOUNT PO NUMBER INVOICE NUMBER AMOUNT DESCRIPTION 1401 4340000 10788037 600 . 00 LEGAL FEES 1401 4340000 10788398 38, 847 . 00 LEGAL FEES Fro s n dd, r®w Lc A T T 0 R N E 1' S P.O. Box 44961 Indianapolis,IN 46244-0961 (317)237-3800 Facsimile (317) 237-3900 www.frostbrowntodd.com City of Carmel - City Council FED. ID#61-0722001 Attn:President Rick Sharp November 14, 2012 Carmel City Hall Invoice 4 10788037 One Civic Square Account # 0123312.0590320 Carmel, IN 46032 REGARDING: City of Carmel Council - Ordinance Drafting and Review For Professional Services Rendered Through October 31, 2012 $600.00 Other Charges Through October 31, 2012 $0.00 TOTAL THIS INVOICE $600.00 THANK YOU PAYMENT APPRECIATED WITHIN 30 DAYS PLEASE INCLUDE YOUR INVOICE NUMBER ON CHECK i November 14,2012 City of Carmel Council -Ordinance Drafting and Review Account#0 1233 12.0590320 Invoice# 10788037 ITEMIZED SERVICES DATE TMKR HOURS AMOUNT 10/01/12 Email correspondence with C. Schleif re: Update to reform ordinance. TDP 0.20 40.00 10/01/12 Travel to Council meeting for CRC reform ordinance. TDP 0.40 80.00 10/01/12 Prepare for meeting on CRC reform ordinance. TDP 0.40 80.00 10/01/12 Council meeting on CRC reform ordinance. TDP 1.70 340.00 10/01/12 Revise CRC reform ordinance consistent with Council amendments. TDP 0.30 60.00 3.00 $600.00 2 n d d,« row Fros b o A T T O R N E Y S P.O.Box 44961 Indianapolis,IN 46244-0961 (317)237-3800 Facsimile (317) 237-3900 www.frostbrowntodd.com City of Carmel - City Council FED. ID#61-0722001 Attn:President Rick Sharp November 15, 2012 Carmel City Hall Invoice # 10788398 One Civic Square Account # 0123312.0598182 Carmel, IN 46032 REGARDING: Consulting on Debt Restructuring for Carmel Redevelopment Commission (Carmel City Council) For Professional Services Rendered Through October 31, 2012 $38,847.00 Other Charges Through October 31, 2012 $0.00 TOTAL THIS INVOICE $38,847.00 C THANK YOU PAYMENT APPRECIATED WITHIN 30 DAYS PLEASE INCLUDE YOUR INVOICE NUMBER ON CHECK November 15,2012 Consulting on Debt Restructuring for Carmel Redevelopment Commission(Carmel City Council) Account#0 1233 12.0598182 Invoice# 10788398 ITEMIZED SERVICES DATE TMKR HOURS AMOUNT 07/27/12 Carmel, Indiana review and analyze ordinance. EMK 0.50 190.00 10/01/12 Review material prepared by T. Long on TIF bonds. DAR 1.50 652.50 10/01/12 Attention to review of emails and documents for refinance deal. KJH 1.60 560.00 10/01/12 Review CRC debt obligations and other documents for final report. TDP 3.70 925.00 10/01/12 Internal conference call. (No Charge) TDP 0.30 0.00 10/01/12 Review and draft new proposal. TDP 0.60 150.00 - -10/02/12 "eview alternate structure proposal. DAR 1.80 783.00 10/02/12 Meeting with T. Perkins re Carmel status; attention to summation of efforts. KJH 1.30 455.00 10/02/12 Telephone conference with R. Sharp re: Update. (No Charge) TDP 0.30 0.00 10/02/12 Telephone conference with L. Snyder re: Update. (No Charge) TDP 0.30 0.00 10/02/12 Review documents and emails from L. Matthes and K. Haas. TDP 0.30 75.00 10/02/12 Telephone conference with E. Seidensticker re: pending document requests. TDP 0.30 0.00 (No Charge) 10/02/12 Review Parcel 7c documents. TDP 1.30 325.00 10/02/12 Telephone conference with K. Haas and J. Shoup. TDP 0.70 175.00 10/02/12 Revise outline for final report. TDP 0.80 200.00 10/03/12 Attention to refinance transaction review. KJH 1.60 560.00 10/03/12 Telephone conference with R. Sharp re: Update. (No Charge) TDP 0.20 0.00 10/03/12 Draft executive summary of Parcel 7c transactions. TDP 2.10 525.00 10/03/12 Review grant obligations. TDP 1.40 350.00 10/04/12 Prepare for and attend call with Rick Sharp; continued review of alternate deal DAR 2.00 870.00 structures. 10/04/12 Call with Carmel counsel re redacted payment entries;call with R. Sharp re KJH 2.30 805.00 status of review. 10/04/12 Conference call with R. Sharp re: Renegotiation. (No Charge) TDP 0.70 0.00 10/04/12 Review proposed edits of Executive Summary of Parcel 7c transactions from TDP 0.40 100.00 J. Shoup. 10/04/12 Conference call with B. Babb and K. Hupfer. TDP 0.50 125.00 10/04/12 Draft and revise final report. TDP 2.60 650.00 10/05/12 Review T. Perkins summation draft; discuss T. Long Financial Summary DAR 1.80 •783.00 outline with Mr. Long. 2 November 15,2012 Consulting on Debt Restructuring for Carmel Redevelopment Commission(Carmel City Council) Account#0123312.0598182 Invoice# 10788398 DATE TMKR HOURS AMOUNT 10/05/12 Review draft summation; office conference with T. Perkins re due diligence KJH 1.70 595.00 results received from Carmel and 4CDC. 10/05/12 Revise final summation. TDP 2.60 650.00 10/08/12 Review and analyze financing issues and reports. EMK 0.50 190.00 10/08/12 Telephone call with R. Sharp; attention to summary. KJH 2.40 840.00 10/08/12 Telephone conference with K. Rider re: Reform ordinance. (No Charge) TDP 0.20 0.00 10/08/12 Telephone conference with R. Sharp and K. Hupfer re: Update. (No Charge) TDP 0.80 0.00 10/08/12 Review COPS transactions. TDP 1.40 350.00 10/09/12 Review draft of final FBT summation and backgroud due diligence;review DAR 2.50 1,087.50 EDA repoft. 10/09/12 Review report; revise same; review financing issues. EMK 1.30 494.00 10/09/12 Attention to summary report; review underlying due diligence. KJH 1.60 560.00 10/09/12 Telephone conference with L. Snider re: Update. (No Charge) TDP 0.50 0.00 10/09/12 Review terms of 2005 and 2008 bonds. TDP 1.40 350.00 10/09/12 Incorporate revisions to final summation and further drafting. TDP 3.80 950.00 10/10/12 Review final reports of FBT and Long EDA. DAR 1.00 435.00 10/10/12 Review and analyze financing report to City. EMK 1.20 456.00 10/10/12 Call with Rick; summation drafting. KJH 1.20 420.00 10/10/12 Review 2008 bond and parcel 7c transactions and revise final summation. TDP 4.10 1,025.00 10/10/12 Telephone conference with R. Sharp re: Updates. (No Charge) TDP 0.40 0.00 10/11/12 Review E. Kelly comments to summation documents. DAR 0.80 348.00 10/11/12 Continued review and analysis of refinancing issues and underlying EMK 2.60 988.00 structuring issues;review and analyze memorandum and reports to City re same. 10/11/12 Review Tim Long memo. KJH 0.80 280.00 10/11/12 Review draft of Summation by T. Long. TDP 0.80 200.00 10/12/12 Review Long EDA TIF graph and Oppenheimer's refunding numbers. DAR 1.00 435.00 10/12/12 Review and analyze financing issues;report to City. EMK 0.70 266.00 10/12/12 Research on other SBT backed bonds, continuing disclosure items, review and TDP 4.30 1,075.00 revise drafts of final summation. 10/13/12 Review materials related to Lofts TIF issues. TDP 0.80 200.00 10/14/12 Review materials related to TIF projections and agreements for specific TDP 1.20 300.00 developments. 10/15/12 Review numbers prepared by Oppenheimer; draft final FBT report. DAR 1.50 652.50 3 November 15,2012 Consulting on Debt Restructuring for Carmel Redevelopment Commission(Carmel City Council) Account#0123312.0598182 Invoice# 10788398 DATE TMKR HOURS AMOUNT 10/15/12 Telephone conference with M. Shaver and review 2005 and 2008 bonds. (No TDP 1.40 0.00 Charge) 10/16/12 Call with R. Sharp; call with T. Perkins. KJH 1.60 560.00 10/16/12 Telephone conference with R. Sharp re: Updates. (No Charge) TDP 0.30 0.00 10/16/12 Review information on FBT proposal, research Parkwood TIF and other TIF- TDP 4.10 1,025.00 producing areas,review Revenue Deposit Agreement. 10/17/12 Review numbers on Nash Building and proposed "super sinker". DAR 1.00 435.00 10/17/12 Attention to financing review. KJH 2.20 770.00 10/17/12 Review CRC expenses and developer commitments; update and revise TDP 4.20 1,050.00 summation. 10/18/12 Review underwriter background information on Oppenheimer; conference call EMK 1.00 380.00 re internal report. 10/18/12 Attention to review of report. KJH 0.80 280.00 10/19/12 Update call with Tim Long re FINRA; super sinker and other matters. DAR 1.30 565.50 10/19/12 Review and analyze financing issues and background information on EMK 1.30 494.00 Oppenheimer; participate in internal conference call re same. 10/19/12 Conference with T. Perkins regarding implications of 4CDC's payment of SSR 0.40 124.00 $100,000 settlement on behalf of city. 10/19/12 Review information on Oppenheimer and grant obligations/lines of credit. TDP 2.10 525.00 10/19/12 Internal conference call re: Update to'super sinker'alternative, Oppenheimer TDP 0.50 0.00 issues. (No Charge) 10/19/12 Initial review Palladium contracts uploaded to new e-room. TDP 2.40 600.00 10/19/12 Revise final summation. TDP 1.20 300.00 10/20/12 Review Carmel coverage analysis prepared by Loren Matthes. DAR 1.00 435.00 10/20/12 Review updated Umbaugh documents. TDP 0.40 100.00 10/21/12 Review updated documents from Oppenheimer. TDP 0.70 175.00 10/22/12 Call with Tim Long re "super sinker" strategy and financing. DAR 1.00 435.00 10/22/12 Review and analyze refunding issues and underlying debt structure issues. EMK 0.80 304.00 10/22/12 Discussion re emails; draft email to Council; attention to review of new KJH 3.20 1,120.00 structures and emails. 10/22/12 Conference call update with R. Sharp and K. Hupfer. (No Charge) TDP 0.40 0.00 10/22/12 Review additional materials from Oppenheimer, compare with past materials, TDP 6.10 1,525.00 review email from B. Donaldson, continue review of Palladium-related materials in new e-room, internal conference call, research on redevelopment commission bond parameters. 10/23/12 Prepare for and attend call with Luci Snyder re Oppenheimer. DAR 1.50 652.50 4 -------------------- -------------- November 15,2012 Consulting on Debt Restructuring for Carmel Redevelopment Commission (Carmel City Council) Account#0 1233 12.0598182 DATE Invoice# 10788398 TMKR HOURS AMOUNT 10/23/12 Review final reports of Tim Long and FBT; review and analyze security EMK structure for underlying debt. 0.40 152.00 10/23/12 Telephone conference with R. Sharp re bond deal; attention to report KJH preparation. 0.80 280.00 10/23/12 Review latest Umbaugh documents, compare to prior documents, review requested documents and revise final summation. TDP 4.10 1,025.00 10/24/12 Review draft deposit agreement. DAR 1.00 435.00 10/24/12 Review and analyze final reports to the City. EMK 0.80 304.00 10/24/12 Review T. Perkins report and provide comments. KJH 1.20 420.00 10124112_ Review and revise final reports, review revised revenue and coverage TDP analyses. 1.90 475.00 10/25/12 Review PAC documents. TDP 0.60 150.00 10/26/12 Review 3 alternative debt structures prepared by Jim Towne. DAR 1.50 652.50 10/26/12 Continued review and analysis of final report to City. EMK 0.30 114.00 10/26/12 Review new Oppenheimer numbers, new structure, and SBOA report on CRC TDP audit. 0.60 150.00 10/28/12 Review emails from C. Schleif and J. Brainard. (No Charge) TDP 0.40 0.00 10/29/12 Call with R. Sharp re restructuring. KJH 0.40 140.00 10/30/12 Review final report of Long Economic Development. EMK 0.30 114.00 10/30/12 Review updated draft of Revenue Deposit Agreement from B. Donaldson. TDP 0.40 100.00 I 10/31/12 Review emails re: Changes to Revenue Deposit Agreement. TDP 0.30 75.00 � 129.90 $38,847.00 5 Prescribed by State Board of Accounts ACCOUNTS PAYABLE VOUCHER City Form No.201(Rev 1995) CITY OF CARMEL An invoice or bill to be properly itemized must show: kind of service, where performed, dates service whom, rates per day, number of hours, rate per hour, number of units, rendered, by . price per unit, etc. Payee Purchase Order No. Terms Date Due Invoice Invoice Date Number Description (or note attached invoice(s) or bill(s)) Amount I her Total hereby certify that the attached invoice(s), or bill(s), is (are) true and correct and I have with IC 5-11-10-1.6. a audited same in accordance 20 -------------------- Clerk-Treasurer VOUCHER NO. WARRANT NO. 6t �GZ� �w ALLOWED 20 / W ►�(, �//� IN SUM OF $ 2 0,(�v� �+[(01 - ON ACCOUNT OF APPROPRIATION FOR set [mom Board Members PO#or D PT.# INVOICE NO. ACCT#/TITLE AMOUNT I hereby certify that the attached invoice(s), or b og �Lfl bill(s) is (are) true and correct and that the materials or services itemized thereon for ( 0 - which charge is made were ordered and received except 0a 0 20 Signature Title Cost distribution ledger classification if claim paid motor vehicle highway fund