HomeMy WebLinkAbout072898 WHFA Minutes MINUTES OF A REGULAR MEETING
OF THE TEMECULA WINCHESTER HILLS FINANCING AUTHORITY
JULY 28, 1998
A regular meeting of the City of Temecula Winchester Hills Financing Authority was called to
order at 7:54 P.M., at the City Council Chambers, 43200 Business Park Drive, Temecula,
California. Chairman Comerchero presiding.
PRESENT: 4
AUTHORITYMEMBERS:
Ford, Roberts, Stone,
and Comerchero.
ABSENT: I AUTHORITY MEMBER: Lindemans.
Also present were Acting Executive Director Kicak, City Attomey Thorson, and City Clerk Jones.
PUBLIC COMMENTS
None.
CONSENT CALENDAR
1. Minutes
1.1 Approve the minutes of July 14, 1998.
MOTION: Authority Member Stone moved to approve Consent Calendar Item No. 1. The motion
was seconded by Authority Member Ford and voice vote reflected unanimous approval with the
exception of Authority Member Linderoans who was absent.
AUTHO~TYBUSINESS
Authorization of Special Tax Lew in Community Facilities Distdct No. 98-1 (Winchester
Hills)
2.1 Adopt a resolution entitled:
RESOLUTION NO. WHFA 98-12
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
WINCHESTER HILLS RNANCING AUTHORITY AUTHORIZING THE
LEVY OF A SPECIAL TAX IN COMMUNITY FACILITIES DISTRICT
NO. 98-1 (WINCHESTER HILLS)
Assistant Finance Director McDermott presented the staff report (of record), clarifying that the
monies saved, this year, as a result of the refinancing will be $165,000.
Although the delinquency rate in Assessment District 161 is high, Mr. McDermott, for Authority
Member Stone, noted that staff will review the possibility of refinancing AD 161.
Minutes.WHFA~072888 1
Temecul~ Wincheslet Hills Fin~cin~ Aulho~y 0728g~
MOTION: Authority Member Stone moved to adopt Resolution No. WHFA 98-12. The motion was
seconded by Authority Member Roberts and voice vote reflected unanimous approval with the
exception of Authority Member Ford who abstained and Authority Member Lindemans who was
absent.
EXECUTIVE DIRECTOR'S REPORT
No comments.
AUTHORITY MEMBERS= REPORTS
No comments.
ADJOURNMENT
At 7:58 P.M., the Temecula Winchester Hills Financing Authority meeting was formally adjoumed
to Tuesday, August 11, 1998, at 7:00 P.M., City Council Chambers, 43200 Business Park Ddve,
Temecula, California.
~Jeff C~~hairman
ATTEST:
Susans, ! MC~
C~ity~e'~A u t h o rit ~/ta rY
[SEAL]
Minute~.WHFA~072898 2