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HomeMy WebLinkAboutPublic Financing Authority Agenda 04-14-2015CITY Or, LfI E L02LSII10RZL Q14IiA 44 E,X I'll 6411 City of Lake Elsinore Regular Agenda Public Financing Authority LAKE- ELSINORE.ORG (951) 674 -3124 PHONE CULTURAL CENTER 183 N. MAIN STREET LAKE ELSINORE, CA 92530 NATASHA JOHNSON, CHAIR DARYL HICKMAN, VICE CHAIR BRIAN TISDALE, AUTHORITY MEMBER STEVE MANOS, AUTHORITY MEMBER ROBERT MAGEE, AUTHORITY MEMBER GRANT YATES, EXECUTIVE DIRECTOR Tuesday, April 14, 2015 7:00 PM Cultural Center CLOSED SESSION - None PUBLIC SESSION at 7:00 p.m. The City of Lake Elsinore appreciates your attendance. Citizens' interest provides the Council and Authority 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. If you are attending this 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. 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 City Hall on the Friday prior to the meeting and are available on the City's website 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 Council and Authority. 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 Department at (951) 674 -3124 Ext. 269, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility. CITY VISION STATEMENT The City of Lake Elsinore will be the ultimate lake destination where all can live, work and play, build futures and fulfill dreams. City of Lake Elsinore Page 1 Printed on 41812015 Public Financing Authority Regular Agenda April 14, 2015 CALL TO ORDER - 7:00 P.M. ROLL CALL PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 1 MINUTE (Please read & complete a Request to Address the Public Financing Authority form prior to the start of the meeting_ and turn it into the Clerk. The Chair or Clerk will call on you to speak.) CONSENT CALENDAR (All matters on the Consent Calendar are approved in one motion, unless an Authority Member or any member of the public requests separate action on a specific item.) 1) ID# 14 -534 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 of 2 -10 -2015 PUBLIC HEARING(S) - None APPEAL(S) - None BUSINESS ITEM(S) 2) ID# 14 -535 Resolution of the City Council of the City of Lake Elsinore Acting as the Legislative Bodv of the City of Lake Elsinore Community Facilities District No. 88 -3 (West Lake Elsinore) Authorizing the Issuance of its Special Tax Refunding Bonds, 2015 Series B in a Principal Amount Not to Exceed Thirtheen Million Dollars ($13.000,000) and Approving Certain Documents and Taking Certain Other Actions in Connection Therewith. Resolution of the Board of Directors of the Lake Elsinore Public Financing Authority, Riverside County California Authorizing the Issuance of its Local Agency Revenue Refunding Bonds (Community Facilities District No. 88 -3) 2015 Series B in an Aggregate Principal Amount Not to Exceed Thirteen Million Dollars ($13.000,000) and Approving Certain Documents and Taking Certain Other Actions in Connection Therewith. Recommendation: 1). City: Adopt City Resolution No. 2015 -028 authorizing issuance of the bonds and bond documents. 2). PFA: Adopt PFA Resolution No. 2015 -004 authorizing issuance of bonds and bond documents. City of Lake Elsinore Page 1 Printed on 41011075 Public Financing Authority Regular Agenda April 14, 2015 Attachments: PFA Joint Agenda Item Resolution of Issuance Lake Elsinore CFD 88 -3 DOCSOC- #1701842 -v4- Authority Resolution of Issuance Indenture Lake Elsinore PFA CFD 88 -3 Refunding Third Su lemental FAA Lake Elsinore CFD 88 -3 Escrow Agreement CFD 88 -3 (West Lake Elsinore) DOCSOC-#1702061-v2-Preliminary Official Statement Lake Elsinore PFA C Lake Elsinore PFA Local Agency Revenue Refunding 2015 Bonds CFD 88 -3 BF PFA Continuing Disclosure Agreement EXECUTIVE DIRECTOR COMMENTS LEGAL COUNSEL COMMENTS AGENCY MEMBER COMMENTS ADJOURNMENT The Chair of the Public Financing Authority of the City of Lake Elsinore will adjourn this meeting to the next regularly scheduled 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 of Lake Elsinore Page 3 Printed on 4/8/2015