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Records - July 1, 2013

IBJ Staff
June 29, 2013
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Announcements
Don Densborn and David Blachly along with Jarod Brown have started a new law firm, Densborn Blachly LLP, located at the Parkwood office complex, 500 E.96th St., Suite100. Contact: www.dblaw.us.

Bankruptcies
TS Concrete Inc., 936 Auman Drive East, Carmel, 46032, chapter 7 liquidation, liabilities: $97,308; assets: $2,698

Arhum Petroleum LLC dba 24/7 Convenient Store, 8310 Rockville Road, 46234, chapter 7 liquidation, liabilities: $125,954; assets: $2,335

Fundraising
Indiana Soccer Foundation to benefit from a golf outing July 8 at 8:30 a.m. at Wood Wind Golf Club, Westfield. Cost: $550 per foursome. Visit indianasoccerfoundation.com/golf-outing-information.

Make-a-Wish Indiana to benefit from the Walk for Wishes, presented by Stanley Security Solutions, July 13 at 9 a.m. at Fort Harrison State Park. Contact Molly Tallitsch at 636-6060 or mollyt@makeawishindiana.org.

Freewheelin’ Community Bikes to benefit from Indy Criterium Cycling Race & Festival July 13 from 8 a.m. to 7 p.m. at University Park. Fees: $15-$40 per race. Visit Indycrit.org.

Indiana Landmarks to benefit from the Treasure Hunt yard sale July 13 from 8 a.m. to 2 p.m. throughout the Old Northside. Visit indianalandmarks.org for more information.

Witham Health Services Foundation and Boone County Senior Services to benefit from the 10th anniversary Boone County Polo Charity July 13 at 1 p.m. at Hickory Hall Polo Club. Tickets: $20. Contact Brock Hesler at bhesler@witham.org or Anita Bowen at abowen@booneseniors.org.

Indy Jazz Fest to benefit from Celebrating Jazz & Fine Art from 1 p.m. to 4 p.m. July 21 at Long-Sharp Gallery and Conrad Indianapolis. Contributions beginning at $250 are suggested and a portion of the art sold will be donated. Contact Lin Frauenhoff at lin@indyjazzfest.net.

St. Mary’s Child Center to benefit from its annual golf outing Aug. 8 at 11:30 a.m. at Ironwood Golf Club. Tickets: $250. Contact 361-4883 or dsmith@stmaryschildcenter.org.

Trusted Mentors to benefit from The Gala Sept. 6 at 6:30 p.m. at the Conrad Hotel. Tickets: $100-$125. Contact info@trustedmentors.org. or visit thegalaindy.org.

Assistance League of Indianapolis to benefit from a charity golf outing hosted by Hunt Construction Group Sept. 12 at Eagle Creek Golf Club. Tickets: $125. Contact alindy.org or Pam McNealy at pmcnealy@huntconstructiongroup.com.

Autism Society of Indiana to benefit from its annual awards benefit Sept. 21 from 6 p.m. to 10 p.m. at the Golf Club of Indiana in Lebanon. Tickets: $50. Contact Beth Schweigel at (800) 609-8449 or info@inautism.org.

Dress for Success Indianapolis to benefit from its Stepping Out in Style 2013 fashion event Sept. 27 at 5 p.m. at the JW Marriott. Tickets: $125. Contact Barbara Ellsworth at 940-3737, ext. 104 or steppingoutinstyle.org.

HVAF of Indiana to benefit from the 5th annual Freedom Ride Sept. 28 at 9 a.m. at American Legion Post 64. Tickets: $25 and $30. Contact Tina at 951-0688 or tmullins@hvaf.org.

In Recognition
Kim Ebert, Ogletree Deakins Nash Smoak & Stewart PC, was named to Human Resource Executive magazine’s 2013 list of the nation’s most powerful employment attorneys.

Ana Pinto-Alexander, HKS, has been named the 2013 Legend IN Design Award winner by the Interior Design Coalition.

J. Steven Martin, Sperry Van Ness / Martin Commercial Group, was presented the 2013 Realtor of the Year award by the Indiana Commercial Board of Realtors.

Leah B. Silverthorn, Wooden & McLaughlin LLP, was selected as a Distinguished Fellow of the Indianapolis Bar Foundation.•

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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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