HomeMy WebLinkAbout14-435 PFA Approval of Minutes' QM
REPORT TO PUBLIC FINANCING AUTHORITY
TO: HONORABLE CHAIR
AND MEMBERS OF THE PUBLIC FINANCING AUTHORITY
FROM: VIRGINIA J. BLOOM
AUTHORITY SECRETARY
DATE: February 10, 2015
SUBJECT: Approval of Minutes
Recommendation
It is recommended that the Authority Board approve the minutes as submitted.
Discussion
The following Public Financing Authority Minutes are submitted for approval:
a) Public Financing Authority meeting of January 27, 2015
Prepared by: Diana Gir6n, Deputy City Clerk
Submitted and
Approved by: Virginia J. Bloom, Authority Secretary
Approved by: Grant Yates, Executive Director
Attachment: Draft Minutes of January 27, 2015
L i`l l<,E L.SII I 1C ,F
Tuesday, January 27, 2015
CALL TO ORDER - 7:00 P.M.
City of Lake Elsinore
Meeting Minutes
Public Financing Authority
NATASHA JOHNSON, CHAIR
DARYL HICKMAN, VICE CHAIR
BRIAN TISDALE, AUTHORITY MEMBER
STEVE MANOS, AUTHORITY MEMBER
ROBERT MAGEE, AUTHORITY MEMBER
GRANT YATES, EXECUTIVE DIRECTOR
7:00 PM
Chair Johnson called the meeting to order at 7:50 p.m.
ROLL CALL
LAKE- ELSINORE.ORG
(951) 674 -3124 PHONE
CULTURAL CENTER
183 N. MAIN STREET
LAKE ELSINORE, CA
92530
Cultural Center
PRESENT: Authority Member Tisdale, Authority Member Magee, Authority Member Manos,
and Chair Johnson
ABSENT: Vice -Chair Hickman,
Also present: Executive Director Yates, Legal Counsel Leibold, Administrative Services
Director Simpson, Community Development Director Taylor, Public Works Director Damasse,
Community Services Director Skinner, Planning Manager MacHott, Police Cpt. Hollingsworth,
Fire Cheif Barr, and Deputy Agency Clerk Girbn.
PUBLIC COMMENTS — None
CONSENT CALENDAR
1) ID# 14-434 Approval of Minutes
Attachments: PEA Staff Rpt Minutes for Approval
PEA Minutes 1 -13 -2015
It is recommended that the Authority approve the Minutes as submitted.
Motion by Authority Member Tisdale, seconded by Authority Member Manos, to approve the
Consent Calendar, passed by unanimous vote as follows:
AYES Authority Member Tisdale, Authority Member Manos, Authority Member Magee,
and Chair Johnson
NOES None
ABSENT: Authority Member Hickman
ABSTAIN: None
City of Lake Elsinore Page I
Public Financing Authority Meeting Minutes January 27, 2015
PUBLIC HEARING(S) - None
BUSINESS ITEM(S)
2) TMP -651 Adoption of Resolution by the City Council Acting as the
Legislative Body of Community Facilities District No. 2006 -1
(Summerly) in Connection with the Issuance of Special Tax Bonds
by Such Community Facilities District for Improvement Area B; and
Adoption of Resolution by the Public Financing Authority in
Connection with the Issuance of Special Tax Bonds by the
Aforementioned Community Facilities District
Attachments: PFA CFD 2006- 01_Staff Resort
PFA CFD 2006 -1 City Reso
PFA CFD 2006 -1 Authority Reso
PFA CFD 2006 -1 Bond Purchase Aareement
PFA CFD 2006-1 Continuinq Disclosure A reement
PFA CFD 2006 -1 Preliminary Official Statement
1. City: Adopt City Resolution No. 2015 -_ approving the execution and
deliver of a bond purchase agreement and continuing disclosure agreement, and
authorizing the taking of other actions related to the issuance of bonds of
Community Facilities District No. 2006.1 for Improvement Area B; and
2. Public Finance Authority (PFA): Adopt Resolution No. PFA - 2015 -_
approving the official statement and approving the execution and delivery of a
bond purchase agreement and continuing disclosure agreement, and authorizing
the taking of other actions related to the issuance of bonds of the PFA.
Administrative Services Director Simpson provided the staff report and recommendation to
both the City Council and Public Financing Authority.
Motion by Mayor Pro Tern Tisdale, second by Council Member Magee, to adopt City
Resolution No. 2015 -007 approving the execution and deliver of a bond purchase agreement
and continuing disclosure agreement, and authorizing the taking of other actions related to the
issuance of bonds of Community Facilities District No. 2006 -1 for Improvement Area B,
moved by unanimous vote as follows:
AYES Mayor Pro Tem Tisdale, Council Member Magee, Council Member Johnson,
and Mayor Manos
NOES Noes
ABSENT: Council Member Hickman
ABSTAIN: None
City of Lake Elsinore Page 2
Public Financing Authority Meeting Minutes January 27, 2015
Motion by Authority Member Manos, second by Authority Member Magee, to adopt Resolution
No. PFA- 2015 -002 approving the official statement and approving the execution and delivery
of a bond purchase agreement and continuing disclosure agreement, and authorizing the
taking of other actions related to the insurance of bonds of the PFA, passed by unanimous
vote as follows:
AYES Authority Member Manos, Authority Member Magee, Authority Member Tisdale,
and Chair
NOES None
ABSENT: Vice Chair Hickman
ABSTAIN: None
ADJOURNMENT
There being no further business to come before the Public Financing Authority, Chair
Johnson adjourned the meeting at 7:59 p.m.
Natasha Johnson, Chair
Lake Elsinore Public Finance Authority
Virginia J. Bloom, Authority Clerk
Lake Elsinore Public Finance Authority
City of Lake Elsinore Page 3