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HomeMy WebLinkAbout051298 WHFA Minutes MINUTES OF A REGULAR MEETING OF THE TEMECULA WINCHESTER HILLS FINANCING AUTHORITY MAY 12, 1998 A regular meeting of the City of Temecula Winchester Hills Financing Authority was called to order at 8:42 P.M., at the City Council Chambers, 43200 Business Park Drive, Temecula, California. Chairman Comerchero presiding. PRESENT: 5 AUTHORITY MEMBERS: Ford, Lindemans, Roberts, Stone, and Comerchero. ABSENT: 0 AUTHORITY MEMBER: None. Also present were Executive Director Bradley, City Attorney Thorson, and Acting City Clerk Jones. PUBLIC COMMFNTS None. CONSFNT CA! I=NDAR 1. Minutes 1.1 Approve the minutes of April 28, 1998 MOTION: Authority Member Stone moved to approve Consent Calendar Item Nos. 1. The motion was seconded by Authority Member Lindemans and voice vote reflected unanimous approval. FXECUTIVE DIRFCTOR'S RFPORT None. AUTHORITY MEMBERS' RFPORTS A. With regard to the school mitigation fee study completed by Gibbs and Associates, Authority Member Stone commented that the success of this project and its financing may be impacted by the developer's ability to develop this property. Having met with Mr. Gibbs and Mr. Winckel, City Manager Bradley advised that a draft copy of the original study was submitted for review; that he had reviewed it; and that after his review, he would be of the opinion that if the information as reported with regard to available cash balance and the assumptions made by the School District with regard to Minutes. WH FA~051298 1 Tsmecula Winchester Hills Financing Authority student generation fees are correct, as indicated by Mr. Gibbs, the numbers used to derive the prior fees are demonstrably higher than they should be. In light of potential legislative action, Mr. Bradley would estimate that the fee should be $1.92 per square foot for residential properties. Having written to the School District in order to obtain a response to the Gibbs study, Authority Member Stone noted that once a response is received he will share this information with the City Council and suggested that a joint meeting with the City Council and Board of Trustees be scheduled to further address the issue. Advising that he had also met with Mr. Gibbs and Mr. Winckel, Chairman Comerchero echoed a concern with regard to numbers reflected in the Gibbs study and noted that the City Council has a responsibility to readdress this issue. Sharing the concerns noted with regard to the fee, Authority Member Roberts relayed his desire to resolve this issue in an effort to retain Lennar, Inc. AnJOURNM;NT At 8:48 P.M., the Temecula Winchester Hills Financing Authority meeting was formally adjourned to Tuesday, May 26, 1998, at 7:00 P.M., City Council Chambers, 43200 Business Park Drive, Temecula, California. ATTEST: · Jones,~/CMC ity Cler AukV~~y Secretary JJeffComerchero, Chairman Minutes.WHFA~051298 2