HomeMy WebLinkAbout081302 TPFA Minutes MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
AUGUST 13, 2002
A regular meeting of the City of Temecula Public Financing Authority was called to order at
7:39 P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT: 5 BOARD MEMBERS: Comerchero, Naggar, Pratt, Stone,
and Roberts
ABSENT: 0 BOARD MEMBER: None
Also present were Executive Director Nelson, City Attorney Thorson, and City Clerk Jones.
PUBLIC COMMENTS
No input.
CONSENT CALENDAR
1 Minutes
RECOMMENDATION:
1.1 Approve the minutes of April 9, 2002;
MOTION: Board Member Stone moved to approve Consent Calendar Item No. 1. The motion was
seconded by Board Member Naggar and voice vote reflected unanimous approval.
AUTHORITY BUSINESS
2 Issuance of Bonds for Temecula Public Financinq Authority Community Facilities District No.
01-2 (Harveston)
RECOMMENDATION:
2.1 Adopt a resolution entitled:
RESOLUTION NO. TPFA 02-07
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING
THE ISSUANCE OF SPECIAL TAX BONDS OF THE
TEMECULA PUBLIC FINANCING AUTHORITY FOR
TEMECULA PUBLIC FINANCING AUTHORITY COMMUNITY
FACILITIES DISTRICT NO. 01-2 (HARVESTON), APPROVING
AND DIRECTING THE EXECUTION OF AN INDENTURE OF
TRUST AND APPROVING OTHER RELATED DOCUMENTS
AND ACTIONS
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Finance Director Roberts reviewed the staff report (of record).
MOTION: Board Member Comerchero moved to approve staff recommendation. The motion was
seconded by Board Member Stone and voice vote reflected unanimous approval.
EXECUTIVE DIRECTOR'S REPORT
Executive Director Nelson noted that the $5 million improvements will be constructed on Winchester
Road and completed prior to the issuance of a building permit for the Harveston Development.
BOARD OF DIRECTORS' REPORT~
Board Member Stone clarified that through this bonding, the City will not be jeopardizing the City
Treasury but that it will provide the infrastructure which will be a benefit to the entire community.
ADJOURNMENT
At 7:42 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
Ron Roberts, Chairman
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