HomeMy WebLinkAbout01-27-2015 PFACITY Gar A^
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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, AUTHORITYMEMBER
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 Girdn.
PUBLIC COMMENTS — None
CONSENT CALENDAR
1) ID# 14 -434 Approval of Minutes
Attachments: PFA Staff Rpt Minutes for Approval
PFA Minutest -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 or Lake Elsinore Page 1
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 Report
PFA CFD 2006 -1 City Reso
PFA CFD 2006 -1 Authority Reso
PFA CFD 2006 -1 Bond Purchase Agreement
PFA CFD
2006 -1
Continuing
Disclosure Agreement
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.
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Virginia . loonh, Authority Clerk
Lake Els ore Pl lic Finance Authority
Nata ha Johnson!„Chain
Lake Isinore Pur Finance Authority
City or Lake Elsinore Page 3