HomeMy WebLinkAbout041205 TPFA Minutes
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MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
APRIL 12, 2005
A regular meeting of the City of Temecula Public Financing Authority was called to order at 8:07
P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT:
5
AUTHORITY MEMBERS: Edwards, Naggar, Roberts, Washington,
and Comerchero
ABSENT:
o
AUTHORITY MEMBER: None
Also present were Executive Director Nelson, City Attorney Thorson, and City Clerk Jones.
PUBLIC COMMENTS
No input.
CONSENT CALENDAR
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Minutes
RECOMMENDATION:
1.1 Approve the minutes of January 25, 2005.
MOTION: Authority Member Naggar moved to approve Consent Calendar Item NO.1. The
motion was seconded by Authority Member Edwards and electronic vote reflected unanimous
approval.
CONVENE A JOINT MEETING OF THE CITY COUNCIL AND TEMECULA PUBLIC FINANCING
AUTHORITY
2 Initial Actions Related to Issuance of Additional Bonds for Communitv Facilities District
No. 03-1 (Crowne Hill)
RECOMMENDATION:
2.1 That the City Council adopt a resolution entitled:
RESOLUTION NO. 05-40
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING DEPOSIT/REIMBURSEMENT
AGREEMENT-CROWNE HILL
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2.2
That the Temecula Public Financing Authority adopt a resolution entitled:
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RESOLUTION NO. TPFA 05-05
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
ACKNOWLEDGING RECEIPT OF A DEPOSIT RELATIVE TO
THE ISSUANCE OF ADDITIONAL BONDS FOR THE CROWNE
HILL COMMUNITY FACILITIES DISTRICT NO. 03-1, AND
AUTHORIZING AND DIRECTING ACTIONS WITH RESPECT
THERETO
Finance Director Roberts presented the staff report (of record.)
MOTION: Authority Member Naggar moved to approve Item No. 2.1 and 2.2. The motion was
seconded by Authority Member Edwards and electronic vote reflected unanimous approval.
EXECUTIVE DIRECTOR'S REPORT
None given.
BOARD MEMBERS' REPORTS
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ADJOURNMENT
At 8:09 P.M., the Temecula Public Financing Authority Meeting was formally adjourned.
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