HomeMy WebLinkAbout062601 TPFA Minutes MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
JUNE 26, 2001
A regular meeting of the City of Temecula Public Financing Authority was called to order at
8:19 P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT:
5 BOARD MEMBERS: Naggar, Pratt, Roberts, Stone,
Comerchero
ABSENT: 0 BOARD MEMBER: None
Aisc present were Executive Director Nelson, City Attorney Thorson, and City Clerk Jones.
PUBLIC COMMENTS
No input.
CONSENT CALENDAR
Minutes
RECOMMENDATION:
1.1 Approve the minutes of April 24, 2001;
1.2 Approve the minutes of May 15, 2001.
MOTION: Board Member Stone moved to approve Consent Calendar Item No. 1. The motion
was seconded by Board Member Robeds and voice vote reflected unanimous approval.
AUTHORITY BUSINESS
2 Initial actions relatina to Formation of a Community Facilities District for Wolf Creek
RECOMMENDATION:
2.1 That the City Council adopt a resolution entitled:
RESOLUTION NO. 01-62
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING DEPOSIT/REIMBURSEMENT
AGREEMENT
2.1 That the Authority adopt a resolution entitled:
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RESOLUTION NO. TPFA 01-05
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY
ACKNOWLEDGING RECEIPT OF A DEPOSIT RELATIVE TO
THE FORMATION OF A COMMUNITY FACILITIES DISTRICT
AND AUTHORIZING AND DIRECTING ACTIONS WITH
RESPECT THERETO
Finance Director Roberts presented the staff report (of record).
In light of the pending litigation with regard to Wolf Creek, Board Member Naggar suggested
that the matter be continued to the next meeting.
In response to Board Member Naggar, Executive Director Nelson advised that a delay in action
would delay the formation of the Community Facilities District necessary to construct the
permanent improvements to Pala Road.
Being of the opinion that approval of the recommended action would not change the outcome of
the litigation, Board Member Stone spoke in support of the recommendation.
Noting that the acceptance of the deposit agreement will not change the outcome of the pending
litigation, Chairman Comerchero stated that the recommended action would not jeopardize the
process and that it would, if approved by the court, ensure that the process would move
forward.
MOTION: Board Member Stone moved to approve the staff recommendation. The motion was
seconded by Board Member/Mayor Pro Tem Roberts and voice vote reflected approval with the
exception of Board Members/Councilmen Naggar and Pratt who vote n_.~o.
At this time, the City Council meeting was recessed.
EXECUTIVE DIRECTOR'S REPORT
No comments.
BOARD OF DIRECTORS' REPORTS
No comments.
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ATTEST:
ADJOURNMENT
At 8:27 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
Jeff Comerchero, Chairman
g~ec~/~
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