HomeMy WebLinkAbout032602 TPFA Minutes MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
MARCH 26, 2002
A regular meeting of the City of Temecula Public Financing Authority was called to order at
8:36 P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT:
4 BOARD MEMBERS: Comerchero, Naggar, Stone,
and Roberts
ABSENT: 1 BOARD MEMBER: Pratt
Also present were Executive Director Nelson, City Attorney Thorson, and City Clerk Jones.
PUBLIC COMMENTS
No input.
JOINT MEETING OF THE CITY COUNCIL AND THE TEMECULA PUBLIC FINANCING
AUTHORITY
PUBLIC HEARING
1 Formation of Temecula Public Financincl Authority Community Facilities District No. 01-
02 (Harveston)
RECOMMENDATION:
1.1 That the City Council hold a continued public hearing regarding the bond
financing by the proposed Temecula Public Financing Authority Community
Facilities District No. 01-2 (Harveston) of various roadway improvements, and
adopt the resolutions entitled:
RESOLUTION NO. 02-28
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA MAKING FINDINGS WITH RESPECT TO AND
APPROVING THE ISSUANCE OF BONDS BY THE TEMECULA
FINANCING AUTHORITY
RESOLUTION NO. 02-29
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING JOINT COMMUNITY FACILITIES
AGREEMENT RELATING TO THE FINANCING OF PUBLIC
IMPROVEMENTS
R:minutes.tpfa\032602 1
1.2
1.3
That the Public Financing Authority hold continued public hearings regarding the
formation of the proposed Community Facilities District No. 01-2 (Harveston) (the
"CFD"), the levy of special taxes in the CFD, and the issuance of bonds by the
Public Financing Authority for the CFD, and adopt the resolutions entitled:
RESOLUTION NO. TPFA 02-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY OF
FORMATION OF TEMECULA PUBLIC FINANCING
AUTHORITY COMMUNITY FACILITIES DISTRICT NO. 01-2
(HARVESTON), AUTHORIZING THE LEVY OF A SPECIAL TAX
WITHIN THE DISTRICT, PRELIMINARILY ESTABLISHING AN
APPROPRIATIONS LIMIT FOR THE DISTRICT AND
SUBMITTING LEVY OF THE SPECIAL TAX AND THE
ESTABLISHMENT OF THE APPROPRIATIONS LIMIT TO THE
QUALIFIED ELECTORS OF THE DISTRICT
RESOLUTION NO. TPFA 02-04
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY DETERMINING
THE NECESSITY TO INCUR BONDED INDEBTEDNESS
WITHIN TEMECULA PUBLIC FINANCING AUTHORITY
COMMUNITY FACILITIES DISTRICT NO. 01-2 (HARVESTON)
AND SUBMITFING PROPOSITION TO THE QUALIFIED
ELECTORS OF THE DISTRICT
RESOLUTION NO. TPFA 02-05
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY CALLING
SPECIAL ELECTION WITHIN COMMUNITY FACILITIES
DISTRICT NO. 01-2 (HARVESTON)
That the Public Financing Authority hold an election regarding the CFD,
and adopt the resolution entitled:
RESOLUTION NO. TPFA 02-06
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY DECLARING
RESULTS OF SPECIAL ELECTION AND DIRECTING
RECORDING OF NOTICE OF SPECIAL TAX LIEN
R:minutes.tpfa\032602 2
1.4 That the Public Financing Authority have the first reading of the
ordinance entitled:
ORDINANCE NO. TPFA 02-01
AN ORDINANCE OF THE TEMECULA PUBLIC FINANCING
AUTHORITY LEVYING SPECIAL TAXES WITHIN TEMECULA
PUBLIC FINANCING AUTHORITY COMMUNITY FACILITIES
DISTRICT NO. 01-2 (HARVESTON)
Finance Director Roberts presented the staff report (as per agenda material), advising that
currently there are only two property owners within the CFD - Lennar Homes and Winchester
Hills I, LLC.
At this time, Mayor/Chairman Roberts opened the City Council public hearing. There being no
public input, the public hearing was closed.
MOTION: Agency Member Stone moved to approve staff recommendation 1.1. The motion
was seconded by Agency Member Comerchero and voice vote reflected approval with the
exception of Agency Member Pratt who was absent.
At this time, a short recess was taken in order for the City Manager/Executive Director to
execute the Joint Community Facilities Agreement.
Prior to opening the Temecula Public Financing Authority public hearing, Chairman Roberts
queried whether there were any property owners/registered voters in the District who wish to file
a written protest. There being no response, the continued public hearing was now open. There
being no comments, the public hearing was closed.
MOTION: Agency Member Comerchero moved to approve staff recommendation 1.2. The
motion was seconded by Agency Member Stone and voice vote reflected approval with the
exception of Agency Member Pratt who was absent..
At this time, City Clerk Jones opened the ballot and announced the following results: Lennar
Homes of California, Inc. cast 390 affirmative votes and Winchester Hills I, LLC cast 134
affirmative votes.
MayodChairman Roberts relayed that the results of the election were unanimously in favor of
the levy of special taxes, establishment of the appropriation limit, and the incurring of bonded
indebtedness.
MOTION: Agency Member Stone moved to approve staff recommendation 1.3. The motion
was seconded by Agency Member Comerchero and voice vote reflected approval .with the
exception of Agency Member Pratt who was absent.
MayodChairman Roberts introduced and read the proposed ordinance by title.
MOTION: Agency Member Stone moved to approve staff recommendation 1.4. The motion
was seconded by Agency Member Comerchero and voice vote reflected approval with the
,e. xception of Agency Member Pratt who was absent.
R:minut es.tpfa\032602 3
EXECUTIVE DIRECTOR'S REPORT
No comment.
BOARD OF DIRECTORS' REPORTS
No comments.
ADJOURNMENT
At 8:48 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
Ron Roberts, Chairman
ATTEST:
R:minutes.tpfa\032602 4