HomeMy WebLinkAbout11042024 CC Action Minutes - Special Meeting ACTION MINUTES
TEMECULA CITY COUNCIL
SPECIAL MEETING
COUNCIL CHAMBERS
41000 MAIN STREET
TEMECULA, CALIFORNIA
NOVEMBER 4,2024 - 9:00 AM
CLOSED SESSION- 8 AM
CONFERENCE WITH REAL PROPERTY NEGOTIATORS. The City Council convened in closed
session pursuant to Government Code Section 54956.8 regarding the amendments to the agreements for
the sale and acquisition of certain property interests for the real property located at 28715 Las Haciendas,
28111 Colorado Avenue, and 28772 Calle Cortez, Temecula CA 92590 CA (APNs: 921-050-016-2;
921-050-020-5).The negotiating parties are the City of Temecula and the property owner,Las Haciendas
Housing Associates,L.P.Negotiators for the City are Luke Watson,Matt Peters,and Haide Urias.Under
negotiations are price and terms of the amendments to the agreements for the sale and acquisition of
certain property interests for the real property.
CALL TO ORDER at 9:00 AM: Mayor James Stewart
FLAG SALUTE: Mayor James Stewart
ROLL CALL: Alexander,Kalfus (absent), Schwank, Stewart
BUSINESS
Any member of the public may address the City Council on items that appear on the Business portion of
the agenda.Each speaker is limited to 5 minutes. Public comments may be made in person at the meeting
by submitting a speaker card to the City Clerk. Speaker cards will be called in the order received. Still
images may be displayed on the projector.All other audio and visual use is prohibited. Public comments
may also be submitted by email for inclusion into the record. Email comments must be received prior to
the time the item is called for public comments and submitted to CouncilComments@temeculaca.gov.
All public participation is governed by Council Policy regarding Public Participation at Meetings
adopted by Resolution No. 2021-54.
1. Approve Subordination Agreement Required for a Refinancing/Permanent Loan for the Las
Haciendas Project (Which Pays Off the Existing Construction Loan Coming Due) (At the
Request of Subcommittee Members Kalfus and Schwank)
Recommendation: That the City Council adopt a resolution entitled:
RESOLUTION NO. 2024-69
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING A SUBORDINATION AGREEMENT
WITH NEWPOINT REAL ESTATE CAPITAL, LLC, FOR ITS LOAN
1
TO LAS HACIENDAS HOUSING ASSOCIATES, L.P. TO
REFINANCE AND PAY OFF ITS EXISTING CONSTRUCTION
LOAN
Approved the Staff Recommendation (3-0, Kalfus absent): Motion by Schwank, Second by
Alexander. The vote reflected unanimous approval with Kalfus absent.
CITY ATTORNEY REPORT
The City Attorney stated there was no reportable action from closed session.
ADJOURNMENT
At 9:03 PM, the City Council meeting was formally adjourned to Tuesday,November 12, 2024, at 5:00
PM for Closed Session, with regular session commencing at 6:00 PM, City Council Chambers, 41000
Main Street, Temecula, California.
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Jame ewart, Mayor
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Randi • , City Clerk
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