HomeMy WebLinkAbout11-28-2017 Item 12 CFD 2003-2 Canyon Hills Improvement Area B 2017 Special Tax Bond Minute OrderMINUTE ORDER
CITY COUNCIL
REGULAR MEETING
CITY OF LAKE ELSINORE
CULTURAL CENTER
183 N. MAIN STREET
LAKE ELSINORE, CALIFORNIA
TUESDAY, NOVEMBER 28, 2017
PUBLIC HEARING
12) Community Facilities District (CFD) No. 2003-2 (Canyon Hills), Improvement Area B
2017 Special Tax Bonds
The Public Hearing was opened at 7:18 p.m. There were no Conflict of Interest
Disclosures. City Clerk Domen affirmed receipt of proof of publication and noted that no
correspondence had been received.
Assistant City Manager Simpson presented a Power Point presentation.
Appearing to speak was: Ms. Miller
Council Member Manos responded to the public comment with Assistant City Manager
Simpson.
City Attorney Liebold stated that an excess of 42 million dollars will be for Railroad Canyon
improvements, 950 acres of open space and 835 acres are reserved for the Multiple
Species Habitat Conservation Plan.
The Public Hearing closed at 7:29 p.m.
It was moved by Council Member Manos, seconded by Mayor Pro Tem Johnson, and
unanimously carried to adopt the Resolutions.
Recommendation: adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF THE
CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2003-
2 (CANYON HILLS), AUTHORIZING THE ISSUANCE OF ITS
IMPROVEMENT AREA B 2017 SPECIAL TAX BONDS IN A PRINCIPAL
AMOUNT NOT TO EXCEED $7,975,000.00 AND APPROVING CERTAIN
DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN
CONNECTION THEREWITH; AND,
adopt A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LAKE
ELSINORE FACILITIES' FINANCING AUTHORITY, CALIFORNIA,
AUTHORIZING THE ISSUANCE OF ITS LOCAL AGENCY REVENUE
BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED
$7,975,000.00 AND APPROVING CERTAIN DOCUMENTS AND TAKING
CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH
AYES: Council Members Manos, Hickman, Tisdale; Mayor Pro Tem Johnson, and Mayor Magee
NOES: None
ABSET: None
ABSTAIN: None
Attest:
C—�Lo an . Domen, MMC `-
City Clerk