HomeMy WebLinkAbout0003_3_10-23-2017 Oversight BoardPage 1 of 2
City of Lake Elsinore
Oversight Board to the Successor Agency
Special Meeting Minutes
Monday, October 23, 2017
Call to Order
The meeting was called to order by Chair Kelley at 4:06 p.m. in City Hall at 130 S. Main Street.
Pledge of Allegiance
The Pledge of Allegiance was led by Alternate Member Magee.
Roll Call
Present: Members Jeffries, Lassey, Sanchez, and P. Williams; Alternate Member Magee and Chair Kelley
Absent: Member M. Williams and Vice-Chair Tisdale.
Public Comments - Non Agendized Items
There were no members of the public appearing to speak.
Business Item
1) Issuance and Sale of Third Lien Tax Allocation Bonds and Related Documents, Civic Partners, LLC
and McMillin Summerly LLC
Assistant City Manager Simpson introduced the Finance Team, Brian Forbath, Bond Council from
Stradling, Mike Bush, Financial Advisor from Urban Futures, John Kim, Under Writer from Stifel, and
Cheryl Murase, tax increment and property tax expert from HDL Companies. Assistant City Manager
turned it over to Brian Forbath from Stradling to give the presentation.
It was moved by Member P. Williams, seconded by Mayor Magee, and unanimously carried noting
the absence of Member M. Williams and Vice-Chair Tisdale, to adopt the Resolution.
Resolution No. 2017- 005
A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING
THE ISSUANCE AND SALE OF THIRD LIEN TAX ALLOCATION BONDS BY THE SUCCESSOR
AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AND
AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH
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Adjournment
There being no further discussion the meeting was adjourned at 4:16 p.m. to the Regular meeting on
January 29, 2018, at 4:00 p.m. in City Hall at 130 S. Main Street.
_____________________________________
Genie Kelley Susan M. Domen, MMC
Chair Oversight Board Secretary