HomeMy WebLinkAbout071012 TPFA Action Minutes ACTION MINUTES
of
July 10, 2012
� City Council Chambers, 41000 Main Street, Temecula, California
TEMECULA PUBLIC FINANCING AUTHORITY
The Temecula Public Financing Authority convened at 8:06 P.M.
CALL TO ORDER: Chairperson Chuck Washington
ROLL CALL: DIRECTORS: Comerchero, Edwards, Naggar, Roberts, Washington
TPFA PUBLIC COMMENTS
None.
TPFA CONSENT CALENDAR
11 Action Minutes — Approved Staff Recommendation (5-0-0) Director Edwards made
the motion; it was seconded by Director Roberts; and electronic vote reflected
unanimous approval.
RECOMMENDATION:
11.1 Approve the action minutes of November 22, 2011.
TPFA BUSINESS
12 A�proval of Issuance of Special Tax Refunding Bonds for Temecula Public Financinq
Authoritv Communitv Facilities District No. 03-1 (Crowne Hill), Communitv Facilities
District No. 03-03 (Wolf Creek), and Communitv Facilities District No. 03-06 (Harveston
II�
RECOMMENDATION:
12.1 Adopt a resolution entitled: Approved Staff Recommendation (5-0-0) Director
Comerchero made the motion; it was seconded by Director Naggar; and
electronic vote reflected unanimous approval.
RESOLUTION NO. TPFA 12-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA
PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF
SPECIAL TAX REFUNDING BONDS RELATED TO THE TEMECULA PUBLIC
FINANCING AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 03-1
(CROWNE HILL), APPROVING AND DIRECTING THE EXECUTION OF A
FISCAL AGENT AGREEMENT AND APPROVING OTHER RELATED
DOCUMENTS AND ACTIONS
12.2 Adopt a resolution entitled: Approved Staff Recommendation (4-0-1, Director
Naggar left the Chambers noting property ownership in Wolf Creek)
Director Comerchero made the motion; it was seconded by Director
Edwards; and electronic vote reflected approval, with Director Naggar
absent.
RESOLUTION NO. TPFA 12-02
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA
PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF
SPECIAL TAX REFUNDING BONDS RELATED TO THE TEMECULA PUBLIC
FINANCING AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 03-03
(WOLF CREEK), APPROVING AND DIRECTING THE EXECUTION OF A
FISCAL AGENT AGREEMENT AND APPROVING OTHER RELATED
DOCUMENTS AND ACTIONS
12.3 Adopt a �esolution entitled: Approved Staff Recommendation (3-0-2, Director
Comerchero and Chairperson Washington left the Chambers noting
property ownership in Harveston II) Director Roberts made the motion; it
was seconded by Director Edwards; and electronic vote reflected approval,
with Director Comerchero and Chairperson Washington absent.
RESOLUTION NO. TPFA 12-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA
PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF
SPECIAL TAX REFUNDING BONDS RELATED TO THE TEMECULA PUBLIC
FINANCING AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 03-06
(HARVESTON II), APPROVING AND DIRECTING THE EXECUTION OF A
FISCAL AGENT AGREEMENT AND APPROVING OTHER RELATED
DOCUMENTS AND ACTIONS
TPFA EXECUTIVE DIRECTOR REPORT
TPFA BOARD OF DIRECTORS REPORTS
TPFA ADJOURNMENT
At 8:28 P.M., the Temecula Public Financing Authority meeting was formally adjourned to
Tuesday, July 24, 2012, at 5:30 P.M., for a Closed Session, with regular session commencing at
7:00 PM., City Council Chambers, 41000 Main Street, Temecula, California.
�----_._,
Chuck as ngton, Chai� Person
ATTEST:
�
Susan W Jones, MM'
ity Cler /Agency Se etary
[SEAL