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Records - Sept. 24, 2012

IBJ Staff
September 22, 2012
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Announcements
The patient care program of the Indiana University Melvin and Bren Simon Cancer Center has changed its name to the Indiana University Health Melvin and Bren Simon Cancer Center.

Adams Hubbard Legal Solutions, a recruiting and staffing company offering customized, full-service staffing solutions within the legal marketplace, has opened at 11805 N. Pennsylvania St., Suite 127, Carmel. Contact Sally Hubbard, president, at 706-6734; email: shubbard@ahlegalsolutions.com.

The Carmel Chamber of Commerce will honor four local businesses and two outstanding community members at its 12th annual Images of Excellence Awards luncheon on December 12 at Ritz Charles. Applications for all awards are available online at carmelchamber.com. Nominations may be submitted by Carmel residents or businesses through October 26.

Bankruptcies
Blair Custom Framing Inc., 12130 Sunrise Court, 46229, chapter 7 liquidation, liabilities: $134,468; assets: $515.

Professional Career Academy LLC, aka Short Term Technical Training Institute, 5225 Central Ave., 46220, chapter 7 liquidation, liabilities: n/a; assets: n/a.

Street Capital LLC, dba Echelon, 5252 E. 82nd St., 46250, chapter 11 reorganization, liabilities: n/a; assets: n/a.

Jason Schwedler Construction LLC, 5111 Kingsley Drive, 46205, chapter 11 reorganization, liabilities: n/a; assets: n/a.

Fundex Games Ltd., 1570 S. Perry Road, Plainfield, 46168, chapter 11 reorganization, liabilities: n/a; assets: n/a..

Contracts
CODA Computer Services Inc. is a VMWare Solutions partner and provider.

Corporate Philanthropy
Indiana Members Credit Union was a presenting sponsor of the Indianapolis Indians for the 2012 playoffs.

The Farmers Bank, Lebanon office, donated 20 cases of water to the Lebanon Area Boys & Girls Club.

Indiana’s Family of Farmers will donate 3,132 pounds of food to Feeding Indiana’s Hungry thanks to visitors to the Indiana State Fair who completed the IFoF Recipe Trail.

Fundraising
Brooke’s Place for Grieving Young People to benefit from an evening of food, games and trivia Sept. 28 at 5:30 p.m. at Oak Hill Mansion. Tickets: $60 per person, $500 for a table of 10. Contact Sherry Sutton at sherrysutton@brookesplace.org or 705-9650, ext. 12.

Indy Car Ministry to benefit from a golf outing Sept. 28 at 9 a.m. at Brickyard Crossing Golf Course. Tickets: $150. Contact Bob Hills at 716-8850 or Steve Jordan at 752-6061.

United North East Community Development Corp. to benefit from its second annual golf outing Sept. 28 at 9 a.m. at Eagle Creek Pines Golf Course. Contact 546-6240.

The Children’s TherAplay Foundation Inc. to benefit from a “Hoe Down and Wild West Casino” Sept. 29 at 6:30 at Lucky Farms. Tickets: $100. Contact 872-4166.

Alzheimer’s Association of Greater Indiana to benefit from a party in honor of Pam Steele Sept. 29 at 5 p.m. at Meridian Hills Country Club. Tickets: $35 and up. Contact contact@pamsparty.org or visit pamsparty.org.

Meals on Wheels to benefit from a Taste of the Monon Sept. 30 at several Broad Ripple restaurants from 11 a.m. to 3 p.m. Tickets: $25. Contact Barb Renshaw or Rachel Morris at 252-5558.

Grants
Domestic Violence Network received a grant of $1,000 from Verizon Wireless.

Franklin College Statehouse Bureau was awarded a $20,000 grant by the Indianapolis Foundation.

Jonathan Jennings Elementary received $15,000 from Renaissance Dental as part of a new $250,000 Brightest Future project which centers on kids, oral health and literacy.•

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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