HomeMy WebLinkAbout081004 TPFA Minutes
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MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
AUGUST 10, 2004
A regular meeting of the City of Temecula Public Financing Authority was called to order at
7:35 P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT:
5
AGENCY MEMBERS:
Comerchero, Roberts, Stone,
Washington, and Naggar
ABSENT:
0
AGENCY MEMBER:
None
Also present were Executive Director Nelson, Assistant City Attorney Curley, and Deputy City
Clerk Ballreich.
PUBLIC COMMENTS
No input.
CONSENT CALENDAR
Minutes
RECOMMENDATION:
1.1
Approve the minutes of July 16, 2004.
MOTION: Authority Member Comerchero moved to approve Consent Calendar Item No.1.
The motion was seconded by Authority Member Roberts and electronic vote reflected approval
with the exceDtion of Chairman Naggar who abstained.
AUTHORITY BUSINESS
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Issuance of Bonds for Temecula Public Financina Authoritv Communitv Facilities District
No. 03-06 (Harveston 11\
RECOMMENDATION:
2.1
Adopt a resolution entitled:
RESOLUTION NO. TPFA 04-07
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE ISSUANCE OF SPECIAL TAX BONDS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY FOR
COMMUNITY FACILITIES DISTRICT NO. 03-06 (HARVESTON
II) AND APPROVING OTHER RELATED DOCUMENTS AND
ACTIONS
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Finance Director Roberts reviewed the staff report (as per agenda material), noting that these
bonds are not obligations of the City but are, in fact, solely secured by the taxes levied on the
properties within this District.
MOTION: Authority Member Stone moved to approve staff recommendation. The motion was
seconded by Authority Member Comerchero and electronic vote reflected unanimous approval.
EXECUTIVE DIRECTOR'S REPORT
No comments
BOARD OF DIRECTORS' REPORTS
No comments.
ADJOURNMENT
At 7:38 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
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airman
A TTESJ:
[SEAL]
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