HomeMy WebLinkAbout061201 TPFA Minutes MINUTES OF A SPECIAL MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
JUNE 12, 2001
A regular meeting of the City of Temecula Public Financing Authority was called to order at
8:47 P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
.RO..LL CALL
PRESENT: 4 BOARD MEMBERS: Naggar, Roberts, Stone,
Comerchero
ABSENT: 1 BOARD MEMBER: Pratt
Also present were Executive Director Nelson, City Attorney Thorson, and City Clerk Jones.
PUBLIC COMMENTS
No input.
AUTHORITY BUSINESS
The City Council and the Temecula Public Financing Authority convened in a joint
meeting.
AUTHORITY BUSINESS
1 Actions relatinq to Acceptance of a Deposit related to proceedin.qs for a Community
Facilities District for Harveston
RECOMMENDATION:
1.1 That the City Council adopt a resolution entitled:
RESOLUTION NO. 01-53
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING DEPOSIT/REIMBURSEMENT
AGREEMENT
1.2 That the Authority adopt a resolution entitled:
RESOLUTION NO. TPFA 01-04
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
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Finance Director Roberts presented the staff report (as per agenda material), noting that if the
Harveston project were not approved, charges would be made against the deposit for costs
incurred and the remaining funds would be returned to the developer.
MOTION: Board Member Stone moved to approve the staff recommendation. The motion was
seconded by Board Member Naggar and voice vote reflected approval with the exception of
Board Member Pratt who was absent.
At this time, the City Council meeting was recessed.
EXECUTIVE DIRECTOR'S REPORT
No comments.
BOARD OFDIRECTORS'REPORTS
No comments.
ADJOURNMENT
At 8:49 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
.~ '"' Jeff Comerchero, Chairman
A'I-I'EST:
// ~Susan V~;Jor~es, CMC
[SEAL]
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