HomeMy WebLinkAbout08-08-1989 PFA
MINUTES
ORGANIZATIONAL MEETING
LAKE ELSINORE PUBLIC FINANCING AUTHORITY
CITY OF LAKE ELSINORE
545 CHANEY STREET
LAKE ELSINORE, CALIFORNIA
TUESDAY, AUGUST 8, 1989
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1. CALL TO ORDER
The Organizational Meeting of the Lake Elsinore Public
Financing Authority was called to order by Mayor Winkler at
8:34 p.m.
2. ROLL ~
PRESENT:
BOARDMEMBERS:
BUCK, DOMINGUEZ, STARKEY, WASHBURN,
WINKLER
ABSENT:
BOARDMEMBERS:
NONE
Also present were: City Manager Molendyk, Assistant City
Manager Rogers, City Attorney Harper, Administrative Services
Director Wood, Public Services Director Kirchner, Planning
Manager Thornhill, Building/Safety Manager Shear, Parks
Manager Payne (representing Community Services Director) and
City Clerk Kasad.
3. BUSINESS ITEMS
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A. Resolution No. PFA 89-1 - Electing Officers of Said
Authority.
MOVED BY DOMINGUEZ, SECONDED BY WASHBURN AND CARRIED BY UNANIMOUS
VOTE TO APPOINT BOARDMEMBER BUCK AS CHAIRMAN AND BOARDMEMBER
STARKEY AS VICE-CHAIRMAN.
MOVED BY WASHBURN, SECONDED BY DOMINGUEZ AND CARRIED BY UNANIMOUS
VOTE TO APPOINT CITY MANAGER MOLENDYK AS SECRETARY OF THE
AUTHORITY.
MOVED BY WINKLER, SECONDED BY WASHBURN AND CARRIED BY UNANIMOUS
VOTE TO ADOPT RESOLUTION NO. 89-1.
RESOLUTION NO. PFA 89-1
A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING
AUTHORITY, ELECTING OFFICERS OF SAID AUTHORITY.
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B. Resolution No. PFA 89-2 - Fixing the Time and Place for
the Regular Meeting and Providing the Manner in which
Special Meetings of the Authority may be called,
Establishing a Seal for the Authority, Directing the
Filing of a Notice of Formation with the Secretary of
State, Designating an Official Meeting Address, and
Establishing the Rules and Regulations of the Authority.
MOVED BY DOMINGUEZ, SECONDED BY WINKLER AND CARRIED BY UNANIMOUS
VOTE TO DESIGNATE THE 2ND TUESDAY OF EACH MONTH FOR THE REGULAR
MEETING FOLLOWING THE CITY COUNCIL AND REDEVELOPMENT AGENCY
MEETINGS, AND ADOPT RESOLUTION NO. PFA 89-2.
RESOLUTION NO. PFA 89-2
A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING
PAGE TWO - PUBLIC FINANCING AUTHORITY MINUTES - AUGUST 8, 1989
AUTHORITY, FIXING THE TIME AND PLACE FOR THE REGULAR
MEETING AND PROVIDING THE MANNER IN WHICH SPECIAL
MEETINGS OF THE AUTHORITY MAY BE CALLED, ESTABLISHING A
SEAL FOR THE AUTHORITY, DIRECTING THE FILING OF A NOTICE
OF FORMATION WITH THE SECRETARY OF STATE, DESIGNATING AN
OFFICIAL MEETING ADDRESS, AND ESTABLISHING THE RULES AND
REGULATIONS OF THE AUTHORITY.
C.
Resolution No. PFA 89-3 - Appointing an Underwriter and
Special Legal Counsel for Proposed Public Financing
Authority.
Administrative Services Director Wood suggested that the
underwriter for this authority be designated as First
California Regional Securities and the legal counsel be
appointed as CO-legal counsel between Harper & Burns/
Jones, Hall, Hill & White.
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MOVED BY DOMINGUEZ, SECONDED BY WASHBURN AND CARRIED BY UNANIMOUS
VOTE TO APPROVE STAFF'S RECOMMENDATIONS AND ADOPT RESOLUTION NO.
PFA 89-3.
RESOLUTION NO. PFA 89-3
A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING
AUTHORITY APPOINTING AN UNDERWRITER AND SPECIAL LEGAL
COUNSEL FOR PROPOSED PUBLIC FINANCING AUTHORITY.
4. NEW BUSINESS
None.
5. ADJOURNMENT
MOVED BY WASHBURN, SECONDED BY DOMINGUEZ AND CARRIED BY UNANIMOUS
VOTE TO ADJOURN THE ORGANIZATIONAL MEETING OF THE LAKE ELSINORE
PUBLIC FINANCING AUTHORITY AT 8:39 P
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WILL BUCK, CHAIRMAN
PUBLIC FINANCING AUTHORITY
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CKI LYNNE SAD
CLERK _OF- THEOARD
PUBLIC FINANCING AUTHORITY
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MINUTES
SPECIAL MEETING
LAKE ELSINORE PUBLIC FINANCING AUTHORITY
CITY OF LAKE ELSINORE
545 CHANEY STREET
LAKE ELSINORE, CALIFORNIA
TUESDAY, NOVEMBER 28, 1989
1.
CALL TO ORDER
The Special Meeting of the Lake Elsinore Public Financing
Authority was called to order by Chairman Buck at 7:57 p.m.
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2.
ROLL CALL
PRESENT:
BOARDMEMBERS: DOMINGUEZ, STARKEY, WASHBURN, WINKLER,
BUCK
ABSENT:
BOARDMEMBERS: NONE
Also present were: General Manager Molendyk, Assistant City
Manager Rogers, George McFarlin (representing Legal Counsel
Harper), Administrative Services Director Wood, Community
Development Director Gunderman, Community Services Director
Watenpaugh, Public Services Director Kirchner, Planning
Manager Thornhill, Building/Safety Manager Shear and Clerk of
the Board Kasad.
3. BUSINESS ITEMS
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Administrative Services Director Wood explained the following
resolutions and their functions in the bonding/financing
process.
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MOVED BY DOMINGUEZ, SECONDED BY WASHBURN AND CARRIED BY UNANIMOUS
VOTE TO ADOPT RESOLUTION NOS. PFA 89-4 AND PFA 89-5.
A. Resolution No. PFA 89-4 - Adopting Rules and Regulations.
RESOLUTION NO. PFA 89-4
A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING
AUTHORITY ESTABLISHING RULES AND REGULATIONS FOR ITS
LOCAL OBLIGATION FINANCING PROGRAM AND PROVIDING OTHER
MATTERS PROPERLY RELATING THERETO.
B. Resolution No. PFA 89-5 - Relating to Bond Issuance
Authority and Validation Procedures.
RESOLUTION NO. PFA 89-5
A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING
AUTHORITY AUTHORIZING THE ISSUANCE OF $500,000,000
LAKE ELSINORE PUBLIC FINANCING AUTHORITY 1990 LOCAL
AGENCY REVENUE BONDS, APPROVING INDENTURE OF TRUST
RELATING THERETO, AUTHORIZING IN REM VALIDATION
PROCEEDINGS WITH RESPECT THERETO AND APPROVING OTHER
MATTERS PROPERLY RELATING THERETO.
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4 . ADJOURNMENT
MOVED BY STARKEY, SECONDED BY WINKLER AND RRIED BY UNANIMOUS VOTE TO
ADJOURN THE SPECIAL LAKE ELSINORE PUBLIC FIN C G-AUT~ITY MEETING
AT 7:59 P.M. ~ ,
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WILLIAM S. BUCK, CHAIRMAN
PUBLIC FINANCING AUTHORITY
CITY OF LAKE ELSINORE
AUTHORITY
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