HomeMy WebLinkAbout2009-11-10 PFA Agenda Page 1 of 3
CITY OF LAKE ELSINORE
PUBLIC FINANCE AUTHORITY AGENDA
DARYL HICKMAN, CHAIR WWW.LAKE- ELSINORE.ORG
AMY BHUTTA, VICE CHAIR (951) 674 -3124 PHONE
THOMAS BUCKLEY, AUTHORITY MEMBER (951) 674 -2392 FAX
ROBERT MAGEE, AUTHORITY MEMBER LAKE ELSINORE CULTURAL CENTER
MELISSA MELENDEZ, AUTHORITY MEMBER 183 NORTH MAIN STREET
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TUESDAY, NOVEMBER 10, 2009 PUBLIC SESSION AT 7:00 P.M.
The City of Lake Elsinore appreciates your attendance. Citizens' interest provides
Public Financing Authority with valuable information regarding issues of the community.
If you are attending this City Council Meeting, please park in the parking lot across the
street from the Cultural Center. This will assist us in limiting the impact of meetings on
the Downtown Business District. Thank you for your cooperation.
In compliance with the Americans with Disabilities Act, any person with a disability who
requires a modification or accommodation in order to participate in a meeting should
contact the City Clerk's Office at (951) 674 -3124, ext. 262, at least 48 hours before the
meeting to make reasonable arrangements to ensure accessibility.
CALL TO ORDER
ROLL CALL
PUBLIC COMMENTS — NON - AGENDIZED ITEMS —1 MINUTE
(Please read & complete a Speaker's Form at the Podium, prior to the Start of the City
Council Meeting)
PUBLIC COMMENTS — AGENDIZED ITEMS — 3 MINUTES
(Please read & complete a Speaker's Form at the Podium, prior to the Start of the City
Council Meeting. The Chairman will call on you to speak, when your item is called.)
CONSENT CALENDAR
(All matters on the Consent Calendar are approved on one motion, unless an Authority
Member or any member of the public requests separate action on a specific item.)
None.
Lake Elsinore Public Finance Authority Agenda
Regular Meeting of November 10, 2009
Page 2 of 3
BUSINESS ITEMS
(1) A Resolution of the Board of Directors of the Lake Elsinore Public Financing
Authority Approving the Issuance of Lake Elsinore Public Financing Authority Tax
Allocation Revenue Bonds (1999 Series C Refunding), 2009 Series A in the
Aggregate Principal Amount not to Exceed $ 16,000,000; Approving an Indenture
of Trust, a Bond Purchase Contract, Loan Agreements and a Preliminary Official
Statement; and Authorizing the taking of Certain other Actions Related Thereto
Recommendation: Staff recommends that the Authority / City / Agency approve
the attached Resolutions and execute the necessary documents to issue bonds
in an amount not to exceed $ 16 million to refinance the Authority's
1999C Bonds.
CITY COUNCIL RESOLUTION
A Resolution of the City Council of The City Of Lake Elsinore, California,
Approving Loan Agreements to be entered into by The Redevelopment Agency
of The City of Lake Elsinore in connection with the issuance of The Lake Elsinore
Public Financing Authority Tax Allocation Revenue Bonds (1999 Series C
Refunding), 2009 Series A, in the Aggregate Principal Amount Not To Exceed
$16,000,000; and authorizing the taking of certain other actions related thereto
REDEVELOPMENT AGENCY RESOLUTION
A Resolution of The Redevelopment Agency of The City of Lake Elsinore
approving the issuance of Lake Elsinore Public Financing Authority Tax
Allocation Revenue Bonds (1999 Series C Refunding), 2009 Series A, in the
Aggregate Principal Amount Not to Exceed $16,000,000; approving a Bond
Purchase Contract, Loan Agreements, a Continuing Disclosure Agreement and a
Preliminary Official Statement; and authorizing the taking of certain other actions
related thereto
LAKE ELSINORE PUBLIC FINANCING AUTHORITY
A Resolution of The Board Of Directors of The Lake Elsinore Public Financing
Authority approving the issuance of Lake Elsinore Public Financing Authority Tax
Allocation Revenue Bonds (1999 Series C Refunding), 2009 Series A in the
Aggregate Principal Amount Not to Exceed $16,000,000; approving an Indenture
Of Trust, a Bond Purchase Contract, Loan Agreements and a Preliminary Official
Statement; and authorizing the taking of certain other actions related thereto
Lake Elsinore Public Finance Authority Agenda
Regular Meeting of November 10, 2009
Page 3 of 3
PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 3 MINUTES
(Please read & complete a Speaker's Form at the Podium, prior to the Start of the City
Council Meeting)
EXECUTIVE DIRECTOR COMMENTS
LEGAL COUNSEL COMMENTS
AUTHORITY MEMBER COMMENTS
ADJOURNMENT
The Lake Elsinore Public Financing Authority will adjourn to a regular meeting to be
held on Tuesday, November 24, 2009, at 7:00 p.m. to be held in the Cultural Center
located at 183 N. Main Street, Lake Elsinore, CA 92530.
AFFIDAVIT OF POSTING
I, Debora Thomsen, Authority Secretary of the Lake Elsinore Public Finance Authority,
do hereby affirm that a copy of the foregoing agenda was posted at City Hall, 72 hours
in advance of this meeting.
Debora Thomsen
Debora Thomsen, CMC
Public Finance Authority Secretary
City of Lake Elsinore, California