HomeMy WebLinkAboutPublic Fininacing Authority AgendaC 01 f.
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Li) KE L��LSIHME
Tuesday, December 9, 2014
CLOSED SESSION - None
City of Lake Elsinore
Regular Agenda
Public Financing Authority
PUBLIC SESSION at 7:00 P.M.
DARYL HICKMAN, CHAIR
BRIAN TISDALE, VICE CHAIR
NATASHA JOHNSON, AGENCYMEMBER
STEVE MANOS, AGENCY MEMBER
ROBERT MAGEE, AGENCY MEMBER
GRANT YATES, EXECUTIVE DIRECTOR
7:00 PM
LAKE- ELSINORE.ORG
(951) 674 -3124 PHONE
CULTURAL CENTER
183 N. MAIN STREET
LAKE ELSINORE, CA
92530
Cultural Center
The City of Lake Elsinore appreciates your attendance. Citizens' interest provides the Council
and Agency with valuable information regarding issues of the community.
CALL TO ORDER - 7:00 P.M.
ROLL CALL
CLOSED SESSION REPORT - None
PRESENTATIONS / CEREMONIALS - None
PUBLIC COMMENTS — NON -AGENDIZED ITEMS —1 MINUTE
(Please read & complete a Request to Address the PFA form prior to the start of the
meeting and turn it into the Agency Clerk. The Chair will call on you to speak.)
CONSENT CALENDAR
(All matters on the Consent Calendar are approved in one motion, unless an Agency
Member or any member of the public requests separate action on a specific item.)
1) 1D# 14 -368 Approval of Minutes
Recommendation: It is recommended that the Authority Board approve the minutes as submitted.
Attachments: PFA Staff Rpt Minutes for Approval
PFA Minutes 11 -12 -2014
City of Lake Elsinore Page 1 Printed on 121412014
Public Financing Authority Regular Agenda December 9, 2014
PUBLIC HEARING(S)
2) ID# 14 -369 Resolution No. 2014 -076 A Resolution of the City Council of the
City of Lake Elsinore, California, Acting as the Legislative Body of
City of Lake Elsinore Community Facilities District No. 2006 -1
(SUMMERLY), Authorizing the Issuance of City of Lake Elsinore
Community Facilities District No. 2006 -1 (SUMMERLY) Special Tax
Bonds, 2015 Series (Improvement Area B), Approving the Issuance
of the Lake Elsinore Public Financing Authority Local Agency
Revenue Bonds (SUMMERLY IA B) 2015 Series A, the Execution
and Delivery of a Fiscal Agent Agreement, and the Preparation of a
Commitment Agreement and Purchase Contract for Purchase and
Sale of Local Obligation Bonds, a Purchase Contract and a
Continuing Disclosure Agreement
Resolution No. PFA- 2014 -002 A Resolution of the Board of
Directors of the Lake Elsinore Public Financing Authority
Approving the Issuance of Lake Elsinore Public Financing
Authority Local Agency Revenue Bonds (SUMMERLY IA B), 2015
Series A in the Aggregate Principal Amount Not to Exceed
$4,000,000 Pursuant to an Indenture of Trust. Authorizing the Sale
of Such Bonds Upon Certain Terms and Conditions, Authorizing
the Preparation of an Official Statement, a Purchase Contract and a
Commitment Agreement and Purchase Contract for the Purchase
and Sale of Local Obligation Bonds of the City of Lake Elsinore
Communitv Facilities District No. 2006 -1 (SUMMERLY) and Taking
Other Actions related thereto
Recommendation: City Adopt City Resolution No. 2014 -076 authorizing issuance of the bonds and
bond documents.
PFA Adopt PFA Resolution No. 2014 -002 authorizing issuance of bonds and bond
documents.
Attachrnents: PFA Staff Report for Summerly CFD Bonds
CC Reso
PFA_Reso
APPEAL(S) - None
City of Lake Elsinore Page 2 Printed on 121412014
Public Financing Authority Regular Agenda December 9, 2014
BUSINESS ITEM(S)
3) ID# 14 -370 Annual Reorganization of the Public Financing Authority to Select
the Chair and Vice -Chair
Recommendation: It is recommended that the Public Financing Authority yield the chair to the Authority
Clerk to open the nomination process for the office of Chair, receive nominations, close
the nominations and conduct a roll call vote; then the newly selected Chair will assume
the chair and open the nomination process for the office of Vice - Chair, receive
nominations, close the nominations and conduct a roll call vote.
Attachments: PFA Reorganization
EXECUTIVE DIRECTOR COMMENTS
LEGAL COUNSEL COMMENTS
AGENCY MEMBER COMMENTS
ADJOURNMENT
The Chair of the Public Financing Authority will adjourn this meeting.
AFFIDAVIT OF POSTING
I, Virginia J. Bloom, Agency Clerk, do hereby affirm that a copy of the foregoing agenda was
posted at City Hall 72 hours in advance of this meeting.
Virginia Bloom, Agency Clerk
City o /Lake Elsinore Page 3 Printed on 121412014