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Home My WebLink AboutLONDON WITTE GROUP- 003097- 8/16/2012 CARMEL REDEVELOPMENT COMMISSION 003097 London Witte Group Check: 3097 1776 N Meridian Street Date: 8/16/2012 Suite 500 Vendor: LONDONW1 Indianapolis, IN 46202 Prior Invoice P.O. Num. Invoice Amt Balance Retention Discount Amt. Paid 25239A 13,969.64 13,969.64 0.00 0.00 13,969.64 Operating expenses 25239B 3,775.00 3,775.00 0.00 0.00 3,775.00 Non-Operating expenses 17,744.64 17,744.64 0.00 0.00 17,744.64 ,-'?THELKEY TOtDOCUMENT,SECURITyY,FIEATLACTIVA'f�ED THUMB PRINT ADDIT161VAL SECURITY EEATORE54NCLUDED„ SEE BACKFOR,DETAILS3; Ptg 6 DfS7C Carmel Redevelopment Commission �.REGIONS 003097 \= - 'ti 30 West Main Street P 20-1421/740 a ' Suite 220 `A " OIS TR%Lt Carmel, IN 46032 - -- 3097 DATE AMOUNT ********** 8/16/2012 17,744.64 PAY THE SUM OF SEVENTEEN THOUSAND SEVEN HUNDRED FORTY FOUR DOLLARS AND 64 CENTS**************** TO THE ORDER OF London Witte Group 1776 N Meridian Street Suite 500 P SE"s', Indianapolis, IN 46202 90 Q , 11°00309711° 1:0 740 14 2 1 31: 008750411111° CARMEL REDEVELOPMENT COMMISSION 003097 London Witte Group Check: 3097 1776 N Meridian Street Date: 8/16/2012 Suite 500 Vendor: LONDONW1 Indianapolis, IN 46202 Prior Invoice P.O. Num. Invoice Amt Balance Retention Discount Amt. Paid 25239A 13,969.64 13,969.64 0.00 0.00 13,969.64 Operating expenses 25239B 3,775.00 3,775.00 0.00 0.00 3,775.00 Non-Operating expenses 17,744.64 17,744.64 0.00 0.00 17,744.64 X-11-52 COMPUTEREASE FORMS DIVISION(877)577-5791 T-71771 L` LONDON LMTG WITTE GROUP Carmel Redevelopment Commission Client No: 1002,004 30 W. Main Street Date: 07/31/2012 Suite 220 Invoice No: 25239 Carmel,IN 46032 For services rendered as detailed in the attached summary. Operating $ ,•:• •4 Non-Operating 3 775 •• Current Amount Due $ 17,744.64 Certified Public Accountants 1776 N.Meridian Street,Suite 500 Indianapolis,Indiana 46202 Telephone 1 317-634-4747 Facsimile 1 317-632-2727 Web I LondonWitteGroup.com V 6 , London Witte Group, LLC July 2012 Billing Detail 1 of 5 Carmel Redevelopment Commission 1002.004 Hourly Employee Date Hours Rate Invoice Memo Higgins 07/10/2012 0.25 325.00 81.25 Review calendar and follow-up with Mike Lee re:availability for Finance Committee Meeting;confirm attendance as requested by e-mail invite. Reynolds 07/12/2012 2.75 75.00 206.25 Finance Committee Meeting -Attended Finance Committee meeting. Reynolds 07/12/2012 3.00 75.00 225.00 Debt Project-Started drafting the break down of increment to be collected for Dave Bowers. Higgins 07/12/2012 3.50 325.00 1,137.50 Prepare for and attend Finance Committee Meeting at the CRC Offices. Higgins 07/19/2012 0.25 325.00 81.25 Follow-ups with Dave and Carolyn re:scheduling a finance committee meeting;check and confirm availability of Bob Reynolds to attend. Higgins 07/20/2012 0.75 325.00 243.75 Meeting with Bob to review revised information for Monday's finance committee meeting; review documentation from Mike Lee re:CRC operations. Follow-up call re: same. Higgins 07/20/2012 1.75 325.00 568.75 Follow-up conversations with Mike Lee and Bob Reynolds re: worksheets/schedules requested by Dave Bowers in for Monday evening's finance committee meeting; review and decline request for attendance at the meeting(new time) (scheduling conflict). Review and comment on revised drafts of the documents and related matters. Reynolds 07/23/2012 3.50 75.00 262.50 Attended the Finance Committee Meeting to discuss the Refunding Issuance. Reynolds 07/23/2012 0.50 75.00 37.50 Made copies of all needed documents for the evenings Finance Committee Meeting. Higgins 07/23/2012 0.75 325.00 243.75 Review email chain from Sunday and Monday re: refunding related issues and finance committee matters. Higgins 07/23/2012 0.25 325.00 81.25 Follow-ups with Bob re: preparation for the Finance Committee meeting and related matters. Higgins 07/24/2012 0.50 325.00 162.50 Follow-up meeting with Bob Reynolds re: Finance Committee Meeting issues and related matters. Reynolds 07/25/2012 0.50 75.00 37.50 Finance Committee Meeting-Sent Jim a e-mail outlining the Finance Committee meeting. Higgins 07/25/2012 1.50 325.00 487.50 Follow-ups with the Mayor, Laren, Bruce and Bob Reynolds re: financing structure and related matters. Follow-up phone conversation with Bruce re:same. Higgins 07/27/2012 0.50 325.00 162.50 Follow-ups with Mike and Bob in preparation of Monday evening's finance committee meeting. Reynolds 07/30/2012 3.00 75.00 225.00 Attended Finance Committee meeting Higgins 07/30/2012 3.50 325.00 1,137.50 Prepare for and attend Finance Committee meeting re: refunding. 26.75 5,381.25 Subtotal-Financial Advisory-Finance Committee Higgins 07/02/2012 1.00 325.00 325.00 Review and revise LOC 30 day Paydown Analysis-prepare for meeting with the Mayor. Higgins 07/02/2012 2.00 325.00 650.00 Prepare for and attend a meeting with the Mayor,CRC staff, counsel and 4CDC re: lines of credit; refunding and related matters. Higgins 07/11/2012 1.00 325.00 325.00 Conference call with Ron Carter, Rich Taylor, Karl Haas and Dave Bowers re: line-of-credit paydowns and related matters; follow-up calls with Mike Lee re: same. London Witte Group,LLC July 2012 Billing Detail 2 of 5 Carmel Redevelopment Commission 1002.004 Hourly Employee Date Hours Rate Invoice Memo Higgins 07/12/2012 0.50 325.00 162.50 Follow-ups with Mike Lee, Ben and Bob re: line-of-credit and related matters. Higgins 07/19/2012 0.75 325.00 243.75 Follow-ups with SBOA Field Examiner re:open matters;follow- up meeting with Bob Reynolds re: recap of yesterday's meeting with the auditor and Mike Lee re: Regions Installment Purchase Contract and related matters. 5.25 1,706.25 Subtotal-Financial Advisory-4CDC Higgins 07/02/2012 0.50 325.00 162.50 Follow-ups with SBOA field examiner re:open audit items; follow-ups with Mike Lee. Reynolds 07/11/2012 0.50 75.00 37.50 Reviewed information on Regions sent from auditor. Created a list of questions to ask Katie Smith at Regions Bank. Higgins 07/11/2012 0.25 325.00 81.25 Follow-up with SBOA Field Examiner re:open items on the audit(Apostolic Church Appraisals). Higgins 07/11/2012 1.00 325.00 325.00 Follow-ups with SBOA Field Examiner and Mike and Bob re: open audit items;follow-up with Bill Hammer re: rescheduled exit conference date. Reynolds 07/16/2012 4.50 75.00 337.50 Regions IPC-Reviewed the break down sent from the auditor for the overpayment of the Regions IPC's. Discussed this issue with Katie,and further analyzed to reconcile the auditor's overpayment to a schedule that shows the actual amounts paid. Reynolds 07/17/2012 6.50 75.00 487.50 Regions-Made updated changes to the Reconciliation of auditors payments for Lori. Higgins 07/17/2012 1.00 325.00 325.00 Follow-ups with Bob Reynolds re: reconciliation of the payments on the Regions installment purchase contracts for 2011;follow- ups with Mike Lee and Lori Danford(SBOA)re:same. Higgins 07/17/2012 0.25 325.00 81.25 Follow-up with SBOA Examiner re:request for legal rep letter; Reynolds 07/18/2012 1.25 75.00 93.75 Audit-Discussed audit matters with Jim, Scheduled a meeting with the SBOA Auditor, Mike and Katie Smith. Reynolds 07/18/2012 2.00 75.00 150.00 Regions-Went to Carmel to meet with Mike and Lori to discuss the Regions payments. Reynolds 07/18/2012 0.50 75.00 37.50 SWAPs-contacted Ryan to receive all SWAP agreements. Reviewed SWAP agreements and sent them to the SBOA Auditor. Higgins 07/18/2012 2.00 325.00 650.00 Emails and Calls with Lori Danford and Rick Cole(State Board of Accounts) re:timing, meetings and open audit issues;follow- ups with Mike Lee, Katie Smith and Bob Reynolds re: same. Higgins 7/19/2012 0.25 325.00 81.25 Follow-up with Mike Lee re: additional questions from SBOA Auditor. Higgins 07/20/2012 2.00 325.00 650.00 Multiple calls with Lori Danford(SBOA)and Mike Lee re: Regions'Installment Purchase Contract and related matters. Follow-up e-mail to Lori, Mike and Katie Smith (Regions)re: same. Higgins 07/23/2012 0.25 325.00 81.25 Retrieve messages, return call (message)to Lori Danford re: near final audit follow-ups. Higgins 07/23/2012 1.00 325.00 325.00 Calls with Katie Smith and Lori Danford re:SBOA questions on installment purchase contract and swaps;follow-ups with Karl Haas re: statutory authority to enter into swaps and status of legal rep letter. London Witte Group,LLC July 2012 Billing Detail 3 of 5 Carmel Redevelopment Commission 1002.004 Hourly Employee Date Hours Rate Invoice Memo Higgins 07/23/2012 1.00 325.00 325.00 Prepare for and participate in a conference call with Lori Danford and Rick Cole(SBOA):Katie Smith(Regions Bank), Mike Lee and Bob Reynolds re: installment purchase contracts and related matters. Higgins 07/24/2012 0.25 325.00 81.25 Emails with Matt and SBOA Examiner re:appraisals for the Apostolic Church Property. Higgins 07/24/2012 0.50 325.00 162.50 Return call to Lori Danford of SBOA to review the near final audit results;call(message)to Mike Lee re:same. Higgins 07/24/2012 0.75 325.00 243.75 Call(message)and sequent conversation with Matt re: appraisals and related information for the Apostolic Church sale -requested by the SBOA Examiner. Forward e-mailed documents to the examiner;print copies to take to the Exit Conference. Higgins 07/25/2012 1.50 325.00 487.50 Prepare for and participate in the exit conference with the SBOA Field Examiners and Mayor Brainard;stop by CRC Offices and get additional copies of the appraisals for the Apostolic Church Property;follow-up with Karl Haas on the status of the legal representation letter. Reynolds 07/26/2012 0.50 75.00 37.50 Calculated the current outstanding balances for the land 28.25 5,243.75 Subtotal-Financial Advisory-Audit Reynolds 07/11/2012 2.75 75.00 206.25 Financial Packets-Updated the check register for the month of June. Created the Financial Summary and the bank reconciliation. Also made changes to the Check Register so it would be easier to follow. Reynolds 07/12/2012 3.00 75.00 225.00 Financial Dashboard-Finalized all parts of the dashboard. Reviewed Mike Lee's Forecast and analysis of revenues and expenditures. Went over any changes with him. 5.75 431.25 Subtotal-Financial Advisory-Financial Dashboard Lucas 07/03/2012 35.60 Jim courier 6/13/12 Reynolds 07/10/2012 0.50 75.00 37.50 Reviewed an invoice received from Wells Fargo and contacted Scott Hagwell to see if how the funds needed to be paid. Also, researched the budget spreadsheet for Mike and e-mailed him a copy. Higgins 07/10/2012 0.25 325.00 81.25 Review and sign claim and check for parking revenues. Reynolds 07/10/2012 0.50 75.00 37.50 Call with Wells Fargo and Jim Rush discussing items they need in order to go forward with their obligation. Reynolds 07/11/2012 1.00 75.00 75.00 Harris Payment- Researched the structure of the Harris$17 Million deal to see if it was on a variable rate and to make sure the invoiced amount was correct. Higgins 07/12/2012 0.25 325.00 81.25 Transfer operating dollars from Star account to Regions; follow- up with Mike Lee re:same. Higgins 07/17/2012 0.25 325.00 81.25 Set wire transfer from the Star Account to the Regions Operating Account;follow-up with Bob and Mike re:same. Higgins 07/18/2012 0.25 325.00 81.25 Follow-ups with Don Cleveland re:claims approval and check signing. Higgins 07/19/2012 1.00 325.00 325.00 Receive and review claims(2 packets);sign checks and forward to Michelle to return to Don Cleveland(CRC). London Witte Group, LLC July 2012 Billing Detail a of5 Carmel Redevelopment Commission 1002.004 Hourly Employee Date Hours Rate Invoice Memo Higgins 07/23/2012 0.25 325.00 81.25 Review and approve claim and sign check as provided by Don Cleveland;forward to Michelle for remittance and return. Higgins 07/24/2012 0.50 325.00 162.50 Return call(message)and subsequent conversation with Megan re:Art of Wine receipts and related matters. Reynolds 07/26/2012 0.50 75.00 37.50 Gathered all Star Bank account information for Don. Hancock 07/30/2012 0.90 Postage/Courier Hancock 07/30/2012 0.90 Postage/Courier Hancock 07/30/2012 1.10 Postage/Courier Hancock 07/30/2012 5.04 Postage/Courier Carney 07/31/2012 1,10 Postage/Courier Higgins 07/31/2012 0.25 325.00 81.25 Review and sign claim and check as provided by Don Cleveland;forward to Michelle for mailing to Vendor and Don. 5.50 1,207.14 Subtotal-Financial Advisory-General Reynolds 07/11/2012 2.50 75.00 187.50 Parkwood Spreadsheet -Looked up the Parkwood West OS off EMMA and downloaded the Debt Service Schedules for 2002 and 2007 bonds. Created a schedule to show the debt service vs.the TIF collected for both issues vs.actual collections for each given year. Reynolds 07/11/2012 0.75 75.00 56.25 Parkwood-Created a schedule to show the actual debt service vs.the collections. Higgins 07/11/2012 0.25 325.00 81,25 Follow-up with inquiry from S&P re: increment vs.debt service on the Parkwood West Bonds. Higgins 07/12/2012 0.50 325.00 162.50 Follow-up with Bob Reynolds re: S&P inquiry into Parkwood West and Duke guarantees. Haase 07/13/2012 3.00 75.00 225.00 updating of TIF spreadsheet to reflect PPT receipts and Reynolds 07/13/2012 3.00 75.00 225.00 Debt Project-Finished creating the supplementary info. pages for Dave Bower's Debt project. This includes the complete break-out of all debt payments that are going to be made by the CRC from increment. Reynolds 07/16/2012 2.00 75.00 150.00 IF Register-Reviewed Amanda H.work on updating the TIF register. Made the needed changes to the formula so all expenses would allocate to the different TIF areas accurately. Higgins 07/17/2012 1.00 325.00 325.00 Follow-ups with Bob Reynolds; Rich Starkey(Barnes& Thornburg), Mike Lee and John Alexander(Regions Trust) re: Arts and Lofts Developer TIF agreement,flow of funds and related matters. Haase 07/18/2012 1.75 75.00 131.25 TIF Register. Reynolds 07/18/2012 0.50 75.00 37.50 Arts District Lofts and Shoppes. Reynolds 07/19/2012 1.00 75.00 75,00 Arts District -Reviewed the Arts district lofts and shoppes collections to recalculate the total referendum applied to the area collections. Reynolds 07/19/2012 2.50 75.00 187,50 TIF Reconciliation-Analyzed the TIF collection information to help create a spreadsheet that helps add all CRC obligations to the Umbaugh report. Higgins 07/20/2012 0.75 325.00 243.75 Message, return call(message)and subsequent conversation with John Alexander(Regions Trust)re:flow of funds-Carmel Arts and Lofts. Subsequent follow-up call with John re: same. Reynolds 07/23/2012 1.75 75.00 131.25 Reviewed and updated a schedule for the Nash building that shows all outstanding debt. London Witte Group, LLC July 2012 Billing Detail Carmel Redevelopment Commission 5 of s 1002.004 Hourly Employee Date Hours Rate Invoice Memo Reynolds 07/23/2012 1.00 75.00 75.00 Created an analysis to answer Jim Rush's questions on how our TIF reporting reconciles to the TIF numbers in the Umbaugh report. Reynolds 07/26/2012 1.00 75.00 75.00 Operating Expenses Project -Created a spreadsheet to forecast out Operating expenses versus forecasted revenues Reynolds 07/27/2012 0.50 75.00 37.50 Parkwood Analysis-Had a phone meeting with Standard and Poor's regarding information they needed in order to complete their review of the current Bond Rating for Parkwood West 2006 Bonds. Reynolds 07/30/2012 3.00 75.00 225.00 Parkwood Analysis-Completed the analysis for the S&P Rating review for the Parkwood EDA's. Contacted the trustee to find out if the scheduled amortization schedule debt service payments were the actual payments made and if the Duke Reality had ever contributed to the Debt Service Payments. Also created listings of Tax Payer in both Parkwood East and West and created a schedule to analyze Debt Service Payments to actual collections. 26.75 2,631.25 Subtotal-Financial Advisory-TIF Reynolds 07/02/2012 0.50 75.00 37.50 Called and discussed with Alexa Woods about why the total increment revenues from the Umbaugh TIF Report were different from the Certificate of Compliance. Reynolds 07/16/2012 1.50 75.00 112.50 Developer Bonds-Discussed with Donna Short the status of the Cash Balances with the Parkwood West funds. Also reviewed the Parkwood West and East bond documents to see when they are callable and other factors of the bonds. Reynolds 07/20/2012 6.00 75.00 450.00 TIF Reconciliation-Reconciled the Umbaugh and the information per the CRC book so we could explain any differences. Higgins 07/20/2012 1.00 325.00 325.00 Review and discuss BMO Harris refunding proposal with Bob Reynolds. Reynolds 07/24/2012 0.75 75.00 56.25 Went over TIF questions with Jim Rush(He called multiple times throughout the day). Higgins 07/26/2012 0.50 325.00 162.50 Review summary of the refinancing scenario and related matters;follow-up with Bob Reynolds re:same. 10.25 1,143.75 Subtotal-Financial Advisory-Special Projects 108.50 17,744.64 Total Invoice Summary: 13,969.64 Operating 3,775.00 Non-Operating 17,744.64 Total LONDON LWG WITTE GROUP Carmel Redevelopment Commission Client No: 1002.004 30 W.Main Street Date: 07/31/2012 Suite 220 Invoice No: 25239 Carmel,IN 46032 For services rendered as detailed in the attached summary. Operating $ i\-13,96964 Non-Operating 3,775.00 Current Amount Due $ 17,744,64 Certified Public Accountants 1776 N.Meridian Street,Suite 500 Indianapolis,Indiana 46202 Telephone 1 317-634-4747 Facsimile 1 317-632-2727 Web!LondonWitteGroup.com London Witte Group, LLC • July 2012 Billing Detail lof 5 Carmel Redevelopment Commission 1002.004 Hourly Employee Date Hours Rate Invoice Memo Higgins 07/10/2012 0.25 325.00 81.25 Review calendar and follow-up with Mike Lee re:availability for Finance Committee Meeting;confirm attendance as requested by e-mail invite. Reynolds 07/12/2012 2.75 75.00 206.25 Finance Committee Meeting -Attended Finance Committee meeting. Reynolds 07/12/2012 3.00 75.00 225.00 Debt Project-Started drafting the break down of increment to be collected for Dave Bowers. Higgins 07/12/2012 3.50 325.00 1,137.50 Prepare for and attend Finance Committee Meeting at the CRC Offices. Higgins 07/19/2012 0.25 325.00 81.25 Follow-ups with Dave and Carolyn re:scheduling a finance committee meeting;check and confirm availability of Bob Reynolds to attend. Higgins 07/20/2012 0.75 325.00 243.75 Meeting with Bob to review revised information for Monday's finance committee meeting; review documentation from Mike Lee re: CRC operations. Follow-up call re:same. Higgins 07/20/2012 1.75 325.00 568.75 Follow-up conversations with Mike Lee and Bob Reynolds re: worksheets/schedules requested by Dave Bowers in for Monday evening's finance committee meeting;review and decline request for attendance at the meeting(new time) (scheduling conflict). Review and comment on revised drafts of the documents and related matters. Reynolds 07/23/2012 3.50 75.00 262.50 Attended the Finance Committee Meeting to discuss the Refunding Issuance. Reynolds 07/23/2012 0.50 75.00 37.50 Made copies of all needed documents for the evenings Finance Committee Meeting. Higgins 07/23/2012 0.75 325.00 243.75 Review email chain from Sunday and Monday re: refunding related issues and finance committee matters. Higgins 07/23/2012 0.25 325.00 81.25 Follow-ups with Bob re: preparation for the Finance Committee meeting and related matters. Higgins 07/24/2012 0.50 325.00 162.50 Follow-up meeting with Bob Reynolds re: Finance Committee Meeting issues and related matters. Reynolds 07/25/2012 0.50 75.00 37.50 Finance Committee Meeting-Sent Jim a e-mail outlining the Finance Committee meeting. Higgins 07/25/2012 1.50 325.00 487.50 Follow-ups with the Mayor, Laren, Bruce and Bob Reynolds re: financing structure and related matters. Follow-up phone conversation with Bruce re:same. Higgins 07/27/2012 0.50 325.00 162.50 Follow-ups with Mike and Bob in preparation of Monday evening's finance committee meeting. Reynolds 07/30/2012 3.00 75.00 225.00 Attended Finance Committee meeting Higgins 07/30/2012 3.50 325.00 1,137.50 Prepare for and attend Finance Committee meeting re: refunding. 26.75 5,381.25 Subtotal-Financial Advisory-Finance Committee Higgins 07/02/2012 1.00 325.00 325.00 Review and revise LOC 30 day Paydown Analysis-prepare for meeting with the Mayor. Higgins 07/02/2012 2.00 325.00 650.00 Prepare for and attend a meeting with the Mayor,CRC staff, counsel and 4CDC re: lines of credit;refunding and related matters. Higgins 07/11/2012 1.00 325.00 325.00 Conference call with Ron Carter, Rich Taylor, Karl Haas and Dave Bowers re:line-of-credit paydowns and related matters; follow-up calls with Mike Lee re: same. • London Witte Group, LLC July 2012 Billing Detail Carmel Redevelopment Commission 2 of 5 1002.004 Hourly Employee Date Hours Rate Invoice Memo Higgins 07/12/2012 0.50 325.00 162.50 Follow-ups with Mike Lee, Ben and Bob re:line-of-credit and related matters. Higgins 07/19/2012 0.75 325.00 243.75 Follow-ups with SBOA Field Examiner re:open matters;follow- up meeting with Bob Reynolds re: recap of yesterday's meeting with the auditor and Mike Lee re: Regions Installment Purchase Contract and related matters. 5.25 1,706.25 Subtotal-Financial Advisory-4CDC Higgins 07/02/2012 0.50 325.00 162.50 Follow-ups with SBOA field examiner re:open audit items; follow-ups with Mike Lee. Reynolds 07/11/2012 0.50 75.00 37.50 Reviewed information on Regions sent from auditor. Created a list of questions to ask Katie Smith at Regions Bank. Higgins 07/11/2012 0.25 325.00 81.25 Follow-up with SBOA Field Examiner re:open items on the audit(Apostolic Church Appraisals). Higgins 07/11/2012 1.00 325.00 325.00 Follow-ups with SBOA Field Examiner and Mike and Bob re: open audit items;follow-up with Bill Hammer re: rescheduled exit conference date. Reynolds 07/16/2012 4.50 75.00 337.50 Regions IPC-Reviewed the break down sent from the auditor for the overpayment of the Regions IPC's. Discussed this issue with Katie,and further analyzed to reconcile the auditor's overpayment to a schedule that shows the actual amounts paid. Reynolds 07/17/2012 6.50 75.00 487.50 Regions-Made updated changes to the Reconciliation of auditors payments for Lori. Higgins 07/17/2012 1.00 325.00 325.00 Follow-ups with Bob Reynolds re: reconciliation of the payments on the Regions installment purchase contracts for 2011;follow- ups with Mike Lee and Lori Danford(SBOA)re:same. Higgins 07/17/2012 0.25 325.00 81.25 Follow-up with SBOA Examiner re:request for legal rep letter; Reynolds 07/18/2012 1.25 75.00 93.75 Audit-Discussed audit matters with Jim, Scheduled a meeting with the SBOA Auditor, Mike and Katie Smith. Reynolds 07/18/2012 2.00 75.00 150.00 Regions-Went to Carmel to meet with Mike and Lori to discuss the Regions payments. Reynolds 07/18/2012 0.50 75.00 37.50 SWAPs-contacted Ryan to receive all SWAP agreements. Reviewed SWAP agreements and sent them to the SBOA Auditor. Higgins 07/18/2012 2.00 325.00 650.00 Emails and Calls with Lori Danford and Rick Cole(State Board of Accounts) re:timing,meetings and open audit issues;follow- ups with Mike Lee, Katie Smith and Bob Reynolds re:same. Higgins 7/19/2012 0.25 325.00 81.25 Follow-up with Mike Lee re:additional questions from SBOA Auditor. Higgins 07/20/2012 2.00 325.00 650.00 Multiple calls with Lori Danford(SBOA)and Mike Lee re: Regions' Installment Purchase Contract and related matters. Follow-up e-mail to Lori, Mike and Katie Smith(Regions)re: same. Higgins 07/23/2012 0.25 325.00 81.25 Retrieve messages, return call (message)to Lori Danford re: near final audit follow-ups. Higgins 07/23/2012 1.00 325.00 325.00 Calls with Katie Smith and Lori Danford re:SBOA questions on installment purchase contract and swaps;follow-ups with Karl Haas re: statutory authority to enter into swaps and status of legal rep letter. London Witte Group,LLC July 2012 Billing Detail Carmel Redevelopment Commission 3 of 5 1002.004 Hourly Employee Date Hours Rate Invoice Memo Higgins 07/23/2012 1.00 325.00 325.00 Prepare for and participate in a conference call with Lori Danford and Rick Cole(SBOA): Katie Smith(Regions Bank), Mike Lee and Bob Reynolds re: installment purchase contracts and related matters. Higgins 07/24/2012 0.25 325.00 81.25 Emails with Matt and SBOA Examiner re:appraisals for the Apostolic Church Property. Higgins 07/24/2012 0.50 325.00 162.50 Return call to Lori Danford of SBOA to review the near final audit results;call(message)to Mike Lee re: same. Higgins 07/24/2012 0.75 325.00 243.75 Call(message)and sequent conversation with Matt re: appraisals and related information for the Apostolic Church sale -requested by the SBOA Examiner. Forward e-mailed documents to the examiner;print copies to take to the Exit Conference. Higgins 07/25/2012 1.50 325.00 487.50 Prepare for and participate in the exit conference with the SBOA Field Examiners and Mayor Brainard;stop by CRC Offices and get additional copies of the appraisals for the Apostolic Church Property;follow-up with Karl Haas on the status of the legal representation letter. Reynolds 07/26/2012 0.50 75.00 37.50 Calculated the current outstanding balances for the land 28.25 5,243.75 Subtotal-Financial Advisory-Audit Reynolds 07/11/2012 2.75 75.00 206.25 Financial Packets-Updated the check register for the month of June. Created the Financial Summary and the bank reconciliation. Also made changes to the Check Register so it would be easier to follow. Reynolds 07/12/2012 3.00 75.00 225.00 Financial Dashboard-Finalized all parts of the dashboard. Reviewed Mike Lee's Forecast and analysis of revenues and expenditures. Went over any changes with him. 5.75 431.25 Subtotal-Financial Advisory-Financial Dashboard Lucas 07/03/2012 35.60 Jim courier 6/13/12 Reynolds 07/10/2012 0.50 75.00 37.50 Reviewed an invoice received from Wells Fargo and contacted Scott Hagwell to see if how the funds needed to be paid. Also, researched the budget spreadsheet for Mike and e-mailed him a copy. Higgins 07/10/2012 0.25 325.00 81.25 Review and sign claim and check for parking revenues. Reynolds 07/10/2012 0.50 75.00 37.50 Call with Wells Fargo and Jim Rush discussing items they need in order to go forward with their obligation. Reynolds 07/11/2012 1.00 75.00 75.00 Harris Payment-Researched the structure of the Harris$17 Million deal to see if it was on a variable rate and to make sure the invoiced amount was correct. Higgins 07/12/2012 0.25 325.00 81.25 Transfer operating dollars from Star account to Regions; follow- up with Mike Lee re:same. Higgins 07/17/2012 0.25 325.00 81.25 Set wire transfer from the Star Account to the Regions Operating Account;follow-up with Bob and Mike re: same. Higgins 07/18/2012 0.25 325.00 81.25 Follow-ups with Don Cleveland re:claims approval and check signing. Higgins 07/19/2012 1.00 325.00 325.00 Receive and review claims(2 packets);sign checks and forward to Michelle to return to Don Cleveland(CRC). London Witte Group, LLC • July 2012 Billing Detail 4of5 Carmel Redevelopment Commission 1002.004 Hourly Employee Date Hours Rate Invoice Memo Higgins 07/23/2012 0.25 325.00 81.25 Review and approve claim and sign check as provided by Don Cleveland;forward to Michelle for remittance and return. Higgins 07/24/2012 0.50 325.00 162.50 Return call (message)and subsequent conversation with Megan re:Art of Wine receipts and related matters. Reynolds 07/26/2012 0.50 75.00 37.50 Gathered all Star Bank account information for Don. Hancock 07/30/2012 0.90 Postage/Courier Hancock 07/30/2012 0.90 Postage/Courier Hancock 07/30/2012 1.10 Postage/Courier Hancock 07/30/2012 5.04 Postage/Courier Carney 07/31/2012 1.10 Postage/Courier Higgins 07/31/2012 0.25 325.00 81.25 Review and sign claim and check as provided by Don Cleveland;forward to Michelle for mailing to Vendor and Don. 5.50 1,207.14 Subtotal-Financial Advisory-General Reynolds 07/11/2012 2.50 75.00 187.50 Parkwood Spreadsheet -Looked up the Parkwood West OS off EMMA and downloaded the Debt Service Schedules for 2002 and 2007 bonds. Created a schedule to show the debt service vs.the TIF collected for both issues vs.actual collections for each given year. Reynolds 07/11/2012 0.75 75.00 56.25 Parkwood-Created a schedule to show the actual debt service vs.the collections. Higgins 07/11/2012 0.25 325.00 81.25 Follow-up with inquiry from S&P re: increment vs.debt service on the Parkwood West Bonds. Higgins 07/12/2012 0.50 325.00 162.50 Follow-up with Bob Reynolds re: S&P inquiry into Parkwood West and Duke guarantees. Haase 07/13/2012 3.00 75.00 225.00 updating of TIF spreadsheet to reflect PPT receipts and Reynolds 07/13/2012 3.00 75.00 225.00 Debt Project-Finished creating the supplementary info.pages for Dave Bower's Debt project. This includes the complete break-out of all debt payments that are going to be made by the CRC from increment. Reynolds 07/16/2012 2.00 75.00 150.00 TIF Register-Reviewed Amanda H.work on updating the TIF register. Made the needed changes to the formula so all expenses would allocate to the different TIF areas accurately. Higgins 07/17/2012 1.00 325.00 325.00 Follow-ups with Bob Reynolds; Rich Starkey(Barnes& Thornburg), Mike Lee and John Alexander(Regions Trust)re: Arts and Lofts Developer TIF agreement,flow of funds and related matters. Haase 07/18/2012 1.75 75.00 131.25 TIF Register. Reynolds 07/18/2012 0.50 75.00 37.50 Arts District Lofts and Shoppes. Reynolds 07/19/2012 1.00 75.00 75.00 Arts District -Reviewed the Arts district lofts and shoppes collections to recalculate the total referendum applied to the area collections. Reynolds 07/19/2012 2.50 75.00 187.50 TIF Reconciliation-Analyzed the TIF collection information to help create a spreadsheet that helps add all CRC obligations to the Umbaugh report. Higgins 07/20/2012 0.75 325.00 243.75 Message, return call(message)and subsequent conversation with John Alexander(Regions Trust)re:flow of funds-Carmel Arts and Lofts. Subsequent follow-up call with John re:same. Reynolds 07/23/2012 1.75 75.00 131.25 Reviewed and updated a schedule for the Nash building that shows all outstanding debt. London Witte Group, LLC • July 2012 Billing Detail Carmel Redevelopment Commission 50 f 5 1002.004 Hourly Employee Date Hours Rate Invoice Memo Reynolds 07/23/2012 1.00 75.00 75.00 Created an analysis to answer Jim Rush's questions on how our TIF reporting reconciles to the TIF numbers in the Umbaugh report. Reynolds 07/26/2012 1.00 75.00 75.00 Operating Expenses Project -Created a spreadsheet to forecast out Operating expenses versus forecasted revenues Reynolds 07/27/2012 0.50 75.00 37.50 Parkwood Analysis-Had a phone meeting with Standard and Poor's regarding information they needed in order to complete their review of the current Bond Rating for Parkwood West 2006 Bonds. Reynolds 07/30/2012 3.00 75.00 225.00 Parkwood Analysis-Completed the analysis for the S&P Rating review for the Parkwood EDA's. Contacted the trustee to find out if the scheduled amortization schedule debt service payments were the actual payments made and if the Duke Reality had ever contributed to the Debt Service Payments. Also created listings of Tax Payer in both Parkwood East and West and created a schedule to analyze Debt Service Payments to actual collections. 26.75 2,631.25 Subtotal-Financial Advisory-TIF Reynolds 07/02/2012 0.50 75.00 37.50 Called and discussed with Alexa Woods about why the total increment revenues from the Umbaugh TIF Report were different from the Certificate of Compliance. Reynolds 07/16/2012 1.50 75.00 112.50 Developer Bonds-Discussed with Donna Short the status of the Cash Balances with the Parkwood West funds. Also reviewed the Parkwood West and East bond documents to see when they are callable and other factors of the bonds. Reynolds 07/20/2012 6.00 75.00 450.00 TIF Reconciliation-Reconciled the Umbaugh and the information per the CRC book so we could explain any differences. Higgins 07/20/2012 1.00 325.00 325.00 Review and discuss BMO Harris refunding proposal with Bob Reynolds. Reynolds 07/24/2012 0.75 75.00 56.25 Went over TIF questions with Jim Rush(He called multiple times throughout the day). Higgins 07/26/2012 0.50 325.00 162.50 Review summary of the refinancing scenario and related matters;follow-up with Bob Reynolds re: same. 10.25 1,143.75 Subtotal-Financial Advisory-Special Projects 108.50 17,744.64 Total Invoice Summary: 13,969.64 Operating 3,775.00 Non-Operating 17,744.64 Total 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 rendered, by whom, rates per day, number of hours, rate per hour, number of units, price per unit, etc. Payee L 00c/op G(i/' ' G r'U61 Purchase Order No. I7 76 /°(/, &re, 5( Terms 4A7/71,o 0(, , /t) ' ' Date Due Invoice Invoice Description Amount Date Number /, (or note attached invoice(s) or bill(s)) / (� 7/3///2 25F-J / v9 PitI� ?Z ��.1�/Jr'ivJr3 /396 G7 to12 /9,0p-c/7`;',7 3 -77.5-X) Total /7� 7!/1/, 6 Y_-- I hereby certify that the attached invoice(s), or bill(s), is (are) true and correct and I h. - . • --d same in accor- dance with IC 5-11-10-1.6. 8--1(0 , 20 tZ 1 ti..-Treasurer VOUCHER NO. WARRANT NO. ALLOWED 20 L-o,z/crr 6;--c&x, /776/1/. ��,��;�ry S1= s�.i`� Soo IN SUM OF $ $ 17/ 74 -6`� ON ACCOUNT OF APPROPRIATION FOR got Board Members PO#or INVOICE NO. ACCT#/TITLE AMOUNT hereby certify invoice(s), DEPT.# I hereb certi that the attached invoices , 252 3 2 yo-36z) I3,26S-cr or bill(s) is (are) true and correct and that 3-3 yo 300 3;?7 2) the materials or services itemized thereon for which charge is made were ordered and received except 7 20 (2 i nature Executive Director Title Cost distribution ledger classification if Carmel Redevelopment Commission claim paid motor vehicle highway fund