HomeMy WebLinkAbout031803 TPFA Minutes MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
MARCH 18, 2003
A regular meeting of the City of Temecula Public Financing Authority was calted to order at
8:09 P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT: 5 AGENCY MEMBERS: Comerchero, Pratt, Naggar, Roberts,
and Stone
ABSENT: 0 AGENCY MEMBER: None
Also present were Executive Director Nelson, Assistant City Attorney Curley, and City Clerk
Jones.
PUBLIC COMMENTS
No input.
CONSENT CALENDAR
1 Minutes
RECOMMENDATION:
1.1 Approve the minutes of January 28, 2003.
MOTION: Agency Member Naggar moved to approve Consent Calendar Item No. 1. The motion
was seconded by Agency Member Comerchero and voice vote reflected unanimous approval.
AUTHORITY BUSINESS
2 Formation of Community Facilities District - Wolf Creek
RECOMMENDATION:
2.1 Adopt a resolution entitled:
RESOLUTION NO. TPFA 03-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY DECLARING
ITS INTENTION TO ESTABLISH A COMMUNITY FACILITIES
DISTRICT AND TO AUTHORIZE THE LEVY OF SPECIAL
TAXES THEREIN - WOLF CREEK
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2.2 Adopt a resolution entitled:
RESOLUTION NO. TPFA 03-04
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY DECLARING
ITS INTENTION TO INCUR BONDED INDEBTEDNESS OF THE
PROPOSED TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 01-3 (WOLF CREEK)
Clarifying the proposed recommendation, Assistant City Attorney Curley reviewed the staff report
(as per agenda material).
MOTION: Agency Member Naggar moved to approve the staff recommendation 2.1. The motion
was seconded by Agency Member Roberts and voice vote reflected unanimous approval,
MOTION: Agency Member Naggar moved to approve the staff recommendation 2.2. The
motion was seconded by Agency Member Roberts and voice vote reflected unanimous
approval.
EXECUTIVE DIRECTOR'S REPORT
No comments.
BOARD OF DIRECTORS' REPORTS
No comments.
ADJOURNMENT
At 8:10 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
~ ~ ~ J(e_~rey E. S~-~ne, Chairman
ATTEST:
[SEALI
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