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  1. The only real problem that I see with this transaction is that now the CDC has to pay a sales commission to Colliers Intl that they would not have had to pay if they accepted the original offer. To the naysayers of Mayor Brainard: yes he runs Carmel like his own kingdom but at least he gets results and doesn't deal with political partisanship like many other cities. Carmel is in fine shape and considered a top place to live in the country! I used to be strongly against the Mayors "good-ole boy" network; except now I give him credit for all of the positive progress that he has made within the city. Results speak loudly

  2. What is happening at the corner of 82nd and Knue Road in Castleton? The building where the IHOP and many other unsuccessful restaurants were located has been torn down and they have been doing a lot of work to the site.

  3. Stop right there! Isn't A - F for a student's report card? It's ridiculous to put adults on the same level as children. Since this Board lacks any creativity, they could look at business models and adapt that kind of terminology to rate schools.

  4. 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.

  5. 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

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