HomeMy WebLinkAbout091702 TPFA MinutesII
MINUTES OF A REGULAR MEETING
OF THE TEMECULA PUBLIC FINANCING AUTHORITY
SEPTEMBER 17, 2002
A regular meeting of the City of Temecula Public Financing Authority was called to order at
7:28 P.M., in the City Council Chambers, 43200 Business Park Drive, Temecula.
ROLL CALL
PRESENT: 4 AGENCY MEMBERS: Comerchero, Pratt, Stone, and
Roberts
ABSENT: 1 AGENCY MEMBER: Naggar
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 August 13, 2002.
MOTION: Agency Member Comerchero moved to approve Consent Calendar Item No. 1. The
motion was seconded by Board Member Stone and voice vote reflected approval with the
exception of Agency Member Naggar who was absent.
COUNCIL/AUTHORITY BUSINESS
2 Initial Actions relatinq to formation of Community Facilities District for Crown Hill
RECOMMENDATION:
2.1 That the City Council adopt a resolution entitled:
RESOLUTION NO. 02-77
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA APPROVING DEPOSIT/REIMBURSEMENT
AGREEMENT
2.2 That the Authority adopt a resolution entitled:
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RESOLUTION NO. TPFA 02-08
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 reviewed the staff report (of record).
For Agency Member Stone, Public Works Director Hughes advised that the applicant has submitted
a general itemization of the proposed improvements to be included in this Assessment District; that
staff has not yet reviewed the list and has, therefore, not agreed to a particular facilities list; that the
list will be reviewed, by staff, in detail and brought forward at the time of formation; and that the
requested action, this evening, would be to fund the consulting team necessary to begin the
process.
Agency Member Stone relayed his concern with not having a list of improvements in order to
determine the necessary regional/City improvements prior to the authorization of expending funds
for a consultant team.
To his understanding, Agency Member Comerchero noted that this would be the standard
procedure and that the facilities list would be obtained once the process of determining a relevant
list has been completed and then forwarded at the time of the Assessment District formation.
City Attorney Thorsen further clarified that the developer will be paying for staff time necessary to
study the list and determine the appropriate improvements and the details of the financing
mechanism; that the public improvements necessary to serve the Subdivision are determined by
the Subdivision approvals which are already in place; that action, this evening, would not be to
sponsor an Assessment District but to initiate a study to determine whether the Authority would be
desirous of sponsoring such an Assessment District; that Lennar would be paying for those studies;
that no building permits are being issued for this tract because the park has not been completed;
and that park construction and park issues would be addressed prior to the issuance of any building
permits.
Desirous of having local/regional infrastructure in place prior to development approvals, Agency
Member Stone reiterated his desire to have this list available for review to ensure the infrastructure
will meet the City's needs.
MOTION: Councilman Comerchero moved to approve staff recommendation. The motion was
seconded by Councilman Pratt and voice vote reflected approval with the exception of Mayor Pro
Tern Stone who opposed and Counc man Naggar who was absent.
MOTION: Board Member Comerchero moved to approve staff recommendation. The motion was
seconded by Board Member Pratt and voice vote reflected approval with the exception of Board
Member Stone who opposed and Board Member Naggar who was absent.
At this time, the City Council meeting convened.
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EXECUTIVE DIRECTOR'S REPORT
No comments.
BOARD OF DIRECTORS' REPORTS
No comments.
ADJOURNMENT
At 7:37 P.M., the Temecula Public Financing Authority meeting was formally adjourned.
Ron Roberts, Chairman
ATTEST:
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