HomeMy WebLinkAbout072605 TPFA Minutes
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MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
JULY 26, 2005
A regular meeting of the City of Temecula Public Financing Authority was called to order at 7:43
P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT:
4
AUTHORITY MEMBERS: Edwards, Roberts, Washington. and
Comerchero
ABSENT:
1
AUTHORITY MEMBER: Naggar
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 April 12, 2005.
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Authorization of Soecial Tax Lew in Community Facilities District No. 03-3 (Wolf Creek)
RECOMMENDATION:
2.1 Adopt a resolution entitled:
RESOLUTION NO. TPFA 05-06
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 03.3 (WOLF CREEK)
3 Authorization of Soecial Tax Lew in Community Facilities District No. 03-6 (Harveston II)
RECOMMENDATION:
3.1 Adopt a resolution entitled:
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RESOLUTION NO. TPFA 05-07
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 03-6 (HARVESTON II)
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Authorization of Soecial Tax Lew in Community Facilities District No. 03-1 (Crowne Hill)
RECOMMENDATION:
4.1 Adopt a resolution entitled:
RESOLUTION NO. TPFA 05-08
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 03-1 (CROWNE HILL)
5 Authorization of Soecial Tax Lew in Community Facilities District No. 01-2 (Harveston)
RECOMMENDATION:
5.1
Adopt a resolution entitled:
RESOLUTION NO. TPFA 05-09
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES
DISTRICT NO. 01-2 (HARVESTON)
. .
Clarifying the proposed action, Chairman Comerchero assured the public that no new taxes are
being instituted.
MOTION: Authority Member Washington moved to approve Consent Calendar Item Nos. 1-5.
The motion was seconded by Authority Member Roberts and electronic vote reflected approval
with the exception of Authority Member Naggar who was absent.
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JOINT PUBLIC HEARING OF THE CITY COUNCIL AND TEMECULA PUBLIC FINANCING
AUTHORITY
6 Aooroval of Issuance of Parity Bonds for Temecula Public Financina Authoritv
Community Facilities District No. 03-1 (Crowne Hill)
RECOMMENDATION:
6.1 That the City Council hold a public hearing regarding the proposed issuance of an
additional series of bonds by the Temecula Public Financing Authority for its
Community Facilities District No. 03-1 (Crowne Hill), and adopt a resolution
entitled:
RESOLUTION NO. 05-81
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 FOR COMMUNITY
FACILITIES DISTRICT NO. 03-1 (CROWNE HILL)
6.2
That the Board of Directors of the Temecula Public Financing Authority adopt a
resolution entitled:
RESOLUTION NO. TPFA 05-10
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE ISSUANCE OF SERIES 2005-B SPECIAL TAX BONDS
FOR COMMUNITY FACILITIES DISTRICT NO. 03-1 (CROWNE
HILL), AND APPROVING RELATED DOCUMENTS AND
ACTIONS
Finance Director Roberts reviewed the staff report (as per agenda material).
The public hearing was opened; there being no public input, the hearing was closed.
MOTION: Authority Member Washington moved to adopt Resolution No. 05-81 and Resolution
No. TPFA 05-10. The motion was seconded by Authority Member Edwards and electronic vote
reflected approval with the exception of Authority Member Naggar who was absent.
Chairman Comerchero reiterated that the proposed action will not impose new taxes.
At this time, the City Council meeting was recessed.
EXECUTIVE DIRECTOR'S REPORT
None given.
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BOARD MEMBERS' REPORTS
I None given.
ADJOURNMENT
At 8:09 P.M., the Temecula Public Financing Authority Meeting was formally adjourned.
ATTEST:
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