HomeMy WebLinkAbout082404 TPFA Minutes
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MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
AUGUST 24, 2004
A regular meeting of the City of Temecula Public Financing Authority was called to order at
7:46 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 City Clerk
Jones.
PUBLIC COMMENTS
No input.
CONSENT CALENDAR
Minutes
RECOMMENDATION:
1.1
Approve the minutes of August 10, 2004.
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Formation of Community Facilities District - Rorioauah Ranch
RECOMMENDATION:
2.1
Adopt a resolution entitled:
RESOLUTION NO. TPFA 04-08
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 - RORIPAUGH RANCH 03-02
Public Works Director Hughes requested that an Item No. 16 be added to Exhibit A of
Resolution No. TPFA 04-08 to be defined as other various public improvements as
identified in the Roripaugh Ranch Development Agreement. For Agency Member
Comerchero, Mr. Public Works Director Hughes advised that it was always staff's intent to
include this additional item to this Exhibit and that the inclusion of this item will definitely benefit
the City not necessarily the developer.
R:IMinutes.tpfaIO82404
2.2
Adopt a resolution entitled:
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RESOLUTION NO. TPFA 04-09
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. 03-02 (RORIPAUGH
RANCH)
MQ!!Qtf: Authority Member Stone moved to approve Consent Calendar Item Nos. 1 and 2.
The motion was seconded by Authority Member Comerchero and electronic vote reflected
unanimous approval with the addition of an Item No. 16 to Exhibit A (Description of
Facilities eliaible to be funded bv the District and prior lien to be eliminated bv the
District) of Resolution No. TPFA 04-08 as noted above by Public Works Director Public Works
Director Hughes.
EXECUTIVE DIRECTOR'S REPORT
No comments
BOARD OF DIRECTORS' REPORTS
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No comments.
ADJOURNMENT
At 7:49 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
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Michael s'~CÌìàirman
ATTEST:
[SEAL]
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