HomeMy WebLinkAbout062398 WHFA Minutes MINUTES OF A REGULAR MEETING
OF THE TEMECULA WINCHESTER HILLS FINANCING AUTHORITY
JUNE 23, 1998
A regular meeting of the City of Temecula Winchester Hills Financing Authority was called
to order at 8:33 P.M., at the City Council Chambers, 43200 Business Park Drive, Temecula,
California. Chairman Comerchero presiding.
PRESENT: 5 AUTHORITY MEMBERS:
Ford, Linderoans, Roberts, Stone,
and Comerchero.
ABSENT: 0 AUTHORITY MEMBER: None.
Also present were Executive Director Bradley, City Attorney Thorson, and Acting City Clerk
Jones.
PURl IC COMM;NTS
None.
CONS!=NT CA! IrNDAR
1. Minutes
1.1 Approve the minutes of June 16, 1998.
MOTION: Authority Member Linderoans moved to approve Consent Calendar Item No. 1.
The motion was seconded by Authority Member Stone and voice vote reflected unanimous
approval.
AUTHORITY RUSINFSS
2. Issuance of Ronds for Community Facilities District No 98-1 (Winchester Hills)
2.1 Adopt a resolution entitled:
RESOLUTION NO. WHFA 98-11
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
WINCHESTER HILLS FINANCING AUTHORITY AUTHORIZING THE
ISSUANCE OF SPECIAL TAX BONDS FOR COMMUNITY
FACILITIES DISTRICT NO. 98-1 (WINCHESTER HILLS),
APPROVING AND DIRECTING THE EXECUTION OF A FISCAL
AGENT AGREEMENT, AND APPROVING OTHER RELATED
DOCUMENTS AND ACTIONS
Executive Director Bradley presented the staff report (as per agenda material of record),
Minutes. WHFA~062398 1
-- Temscula Winchester Hills Fin,*ncino Authority 0~239~
confirming that the authorization of these bonds would not jeopardize any City and/or
Redevelopment funds; that the property will be secured by the land; and that for the first five
years of debt service, Lennar Homes has offered an irrevocable letter of credit to ensure that
the debt service payments are made as required.
MOTItlN: Authority Member Linderoans moved to adopt Resolution No. WHFA 98-11. The
motion was seconded by Authority Member Lindemans and voice vote reflected unanimous
approval.
Chairman Comerchero relayed his pleasure to be working wih a company such as Lennar
Homes.
!=X!=CUTIVI; nlR!:CTOR'S R!=PORT
No comments.
AUTH~RITY MFMI~!=RR' R!=PORTS
No comments.
AnjnURNMrNT
At 8:38 P.M., the Temecula Winchester Hills Financing Authority meeting was formally
adjourned to Tuesday, July 14, 1998, at 7:00 P.M., City Council Chambers, 43200 Business
Park Drive, Temecula, California.
.~~ Jeff Comerchero, Chairman
ATTEST:
(~Susan ,'N. Jones(, CMC
~City Cler A~y Secretary
[SEAL]
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