HomeMy WebLinkAbout112503 TPFA Minutes
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MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
NOVEMBER 25, 2003
A regular meeting of the City of Temecula Public Financing Authority was called to order at
8:01 P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT:
5
AGENCY MEMBERS:
Comerchero, Naggar, Roberts,
Washington, and Stone
ABSENT:
0
AGENCY MEMBER:
None
Also present were Executive Director Nelson, City Attorney Thorson, and City Clerk Jones.
PUBLIC COMMENTS
No input.
CONSENT CALENDAR
Minutes
RECOMMENDATION:
1.1
Approve the minutes of October 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 approval with
the exceotion of Agency Member Washington who abstained.
RECONVENE CITY COUNCIL MEETING AND COMMUNITY SERVICES DISTRICT MEETING
JOINT CITY COUNCILfTEMECULA COMMUNITY SERVICES DISTRICTITEMECULA
PUBLIC FINANCING AUTHORITY PUBLIC HEARING
2
Formation of Temecula Public Financina Authority Community Facilities District No. 03-
03 (Wolf Creek)
RECOMMENDATION:
2.1
That the City Council hold a public hearing regarding the proposed bond
financing by the Temecula Public Financing Authority Community Facilities
District No. 03-03 (Wolf Creek) of various public improvements and adopt the
resolutions entitled:
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2.2
2.3
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RESOLUTION NO. 03.159
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA MAKING FINDINGS WITH RESPECT TO AND
APPROVING THE ISSUANCE OF BONDS BY THE TEMECULA
PUBLIC FINANCING AUTHORITY - WOLF CREEK 03.03
RESOLUTION NO. 03.160
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING JOINT COMMUNITY FACILITIES
AGREEMENTS RELATING TO THE FINANCING OF PUBLIC
IMPROVEMENTS AND SERVICES AND IMPLEMENTATION OF
ACQUISITION AGREEMENT - WOLF CREEK
That the Temecula Community Services District adopt the resolution entitled:
RESOLUTION NO. CSD 03.20
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA COMMUNITY SERVICES DISTRICT APPROVING
JOINT COMMUNITY FACILITIES AGREEMENT RELATING TO
THE FINANCING OF PUBLIC IMPROVEMENTS AND
SERVICES - WOLF CREEK
That the Public Financing Authority hold public hearings regarding the formation
of the proposed Temecula Public Financing Authority Community Facilities
District No. 03-03 (Wolf Creek) (the "CFD"), the levy of special taxes in the CFD,
and the issuance of bonds by the Public Financing Authority for the CFD, and
adopt the resolutions entitled:
RESOLUTION NO TPFA 03.22
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY OF
FORMATION OF TEMECULA PUBLIC FINANCING
AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 03.03
(WOLF CREEK), AUTHORIZING THE LEVY OF A SPECIAL
TAX WITHIN THE DISTRICT, PRELIMINARILY ESTABLISHING
AN APPROPRIATIONS LIMIT FOR THE DISTRICT AND
SUBMITTING LEVY OF THE SPECIAL TAX AND THE
ESTABLISHMENT OF THE APPROPRIATIONS LIMIT TO THE
QUALIFIED ELECTORS OF THE DISTRICT
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RESOLUTION NO. TPFA 03-23
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY DETERMINING
THE NECESSITY TO INCUR BONDED INDEBTEDNESS
WITHIN TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 03-03 (WOLF CREEK)
AND SUBMITTING PROPOSITION TO THE QUALIFIED
ELECTORS OF THE DISTRICT
RESOLUTION NO. TPFA 03.24
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY CALLING
SPECIAL ELECTION WITHIN COMMUNITY FACILITIES
DISTRICT NO. 03-03 (WOLF CREEK)
2.4
That the Public Financing Authority hold an election regarding the CFD, and
adopt a resolution entitled:
RESOLUTION NO. TPFA 03.25
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY DECLARING
RESULTS OF THE SPECIAL ELECTION, AND DIRECTING
RECORDING OF NOTICE OF SPECIAL TAX LIEN AND
EXECUTION AND DELIVERY OF AN ACQUISITION
AGREEMENT - WOLF CREEK 03.03
2.5
That the Public Financing Authority introduce and read by title only an ordinance
entitled:
ORDINANCE NO. TPFA 03-02
AN ORDINANCE OF THE TEMECULA PUBLIC FINANCING
AUTHORITY LEVYING SPECIAL TAXES WITHIN TEMECULA
PUBLIC FINANCING AUTHORITY COMMUNITY FACILITIES
DISTRICT NO. 03-03 (WOLF CREEK)
Finance Director Roberts reviewed the staff report (as per agenda material), commenting on the
recommended action to form the Community Facilities District and noting that the bond will be
secured by the land.
At this time, the public hearing was opened. There being no public input, the hearing was
closed.
MOTION: Agency Member Naggar moved to approve staff recommendation 2.1. The motion was
seconded by Agency Member Comerchero and voice vote reflected unanimous approval.
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At this time, the meeting was recessed in order for the City Manager/Executive Director to execute
the Joint Community Facilities Agreement.
At this time, the public hearing was opened. No written protests were filed. There being no public
input, the public hearing was closed.
MOTION: Agency Member Naggar moved to approve staff recommendation 2.2. The motion was
seconded by Agency Member Washington and voice vote reflected unanimous approval.
At this time, City Clerk Jones opened the four ballots and announced the following election results:
PLC Harveston, LLC - 21 yes votes, Harveston LLC - 139 yes votes, Lennar Homes of California,
Inc. - 13 yes votes, and LEN-Inland, LLC - 73 yes votes.
MOTION: Agency Member Comerchero moved to approve staff recommendation 2.3. The motion
was seconded by Agency Member Naggar and voice vote reflected unanimous approval.
At this time, City Attorney Thorson introduced and read by title only Ordinance No. TPFA 03-03.
MOTION: Agency Member Naggar moved to approve staff recommendation 2.4. The motion was
seconded by Agency Member Roberts and voice vote reflected unanimous approval.
At this time, the City Council meeting was recessed.
EXECUTIVE DIRECTOR'S REPORT
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No comment.
BOARD OF DIRECTORS' REPORTS
No comments.
ADJOURNMENT
At 8:09 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
AttEST:
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