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HomeMy WebLinkAbout2010-12-14 RA AgendaCITY OF LAKE ELSINORE RECREATION AUTHORITY MELISSA MELENDEZ, MAYOR AMY BHUTTA, MAYOR PRO TEM THOMAS BUCKLEY, COUNCILMEMBER DARYL HICKMAN, COUNCILMEMBER ROBERT MAGEE, COUNCIL MEMBER ROBERT A. BRADY, CITY MANAGER W W W.LAKE-ELSINORE.ORG (951) 674-3124 PHONE (951) 674-2392 FAX LAKE ELSINORE CULTURAL CENTER 183 NORTH MAIN STREET LAKE ELSINORE, CA 92530 TUESDAY, DECEMBER 14, 2010 PUBLIC SESSION AT 7:00 P.M. The City of Lake Elsinore appreciates your attendance. Citizens' interest provides the Council and Agency with valuable information regarding issues of the community. Meetings are held on the 2nd and 4th Tuesday of every month. In addition, meetings are televised live on Time Warner Cable Station Channel 29 and Verizon Subscribers can view the meetings on Channel 31. The agenda is posted 72 hours prior to each meeting outside of City Hall and is available at each meeting. The agenda and related reports are also available at the City Clerk's Office on the Friday prior to the Council meeting and are available on the City's web site at www.lake-elsinore.org. Any writings distributed within 72 hours of the meeting will be made available to the public at the time it is distributed to the City Council. The Recreation Authority is a Joint Exercise of Powers between the City and Agency created by a Joint Powers Agreement dated December 1, 1996. The purpose of the Recreation Authority is to provide, through the issuance of Revenue Bonds, a financing pool to fund Capital Improvement Projects. These Revenue Bonds are to be repaid solely from the revenues of certain public obligations. The Recreation Authority does not have taxing power. The Recreation Authority's activities are blended with those of the City in these financial statements and are reported as a debt service fund. A component unit financial statement for each component unit previously described may be obtained at 130 South Main Street, Lake Elsinore, California 92530. NOTE: The City Council also acts as the governing body of the Recreation Authority. Annually, when the City Council reorganizes, the same reorganization applies to the Recreation Authority automatically.