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Home My WebLink About08-09-1994 PFA MINUTES SPECIAL MEETING LAKE ELSINORE PUBLIC FINANCE AUTHORITY CITY OF LAKE ELSINORE 183 N. MAIN STREET LAKE ELSINORE, CALIFORNIA - TUESDAY, AUGUST 9, 1994 ***************************************************************** CALL TO ORDER The Special Public Finance Authority Meeting was called to order by Legal Counsel Harper at 8:24 p.m. ROLL CALL PRESENT: AUTHORITY MEMBERS: ALONGI, BENDER, CHERVENY, PAPE, WASHBURN ABSENT: AUTHORITY MEMBERS: NONE SELECTION OF CHAIRMAN AND VICE-CHAIRMAN Legal Counsel Harper declared the nominations open for Chairman of the Public Finance Authority. MEMBER CHERVENY NOMINATED MEMBER ALONGI. MEMBER WASHBURN NOMINATED MEMBER PAPE. - MOVED BY WASHBURN, SECONDED BY ALONGI AND CARRIED BY UNANIMOUS VOTE TO CLOSE THE NOMINATIONS FOR CHAIRMAN. MEMBER ALONGI VOTED FOR MEMBER ALONGI. MEMBER BENDER VOTED FOR MEMBER PAPE. MEMBER CHERVENY VOTED FOR MEMBER ALONGI. MEMBER PAPE VOTED FOR MEMBER PAPE. MEMBER WASHBURN VOTED FOR MEMBER PAPE. MEMBER PAPE WAS DECLARED CHAIRMAN AND ASSUMED THE CHAIR. Chairman Pape declared the nominations open for Vice-Chairman of the Public Finance Authority. MEMBER BENDER NOMINATED MEMBER WASHBURN. HEARING NO FURTHER NOMINATIONS, THE NOMINATIONS WERE CLOSED. MEMBER ALONGI VOTED FOR MEMBER WASHBURN. MEMBER BENDER VOTED FOR MEMBER WASHBURN. MEMBER CHERVENY VOTED FOR MEMBER WASHBURN. MEMBER PAPE VOTED FOR MEMBER WASHBURN. MEMBER WASHBURN VOTED FOR MEMBER WASHBURN. MEMBER WASHBURN WAS DECLARED VICE-CHAIRMAN. CONSENT CALENDAR 1. Lake Elsinore Diamond Bond Refinancing - Resolution No. PFA 94-1. MOVED BY WASHBURN, SECONDED BY BENDER AND CARRIED BY A VOTE OF 4 TO 1 WITH CHERVENY CASTING THE DISSENTING VOTE TO ADOPT RESOLUTION NO. PFA 94-1. PAGE TWO - PUBLIC FINANCE AUTHORITY MINUTES - AUGUST 9, 1994 RESOLUTION NO. PFA 94-1 A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF NQT TO EXCEED $17,000,000 PRINCIPAL AMOUNT OF 1994 REVENUE BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS) SERIES A AND 1994 SUBORDINATE REVENUE BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS), SERIES B, AUTHORIZING AND DIRECTING EXECUTION OF TWO INDENTURES OF - TRUST, A LEASE AGREEMENT AND BOND PURCHASE CONTRACT, APPROVING AN OFFICIAL STATEMENT, AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO. ADJOtJRNKENT MOVED BY BENDER, SECONDED BY WASHBURN AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE SPECIAL PUBLIC FINANCE AUTHORITY MEETING AT 8:26 P.M./~ a C/: < 1 !t;.. .~ ?Hi! /t/ ~ - KEVIN W. E, CHAIRMAN / PUBLIC FINANCE AUTHORITY ]~~~ )~~ VICKI KASAD CLERK OF THE AUTHORITY - -- HlllUTES SPECIAL HEETING LAKE ELSINORE PUBLIC FINANCB AUTHORITY CITY OF LAKB BLSINORB 183 N. HAIN STREET LAKE ELSINORE, CALIFORNIA -, TUBSDAY, AUGUST 9, 1994 ***************************************************************** CALL '1'0 ORDER The Special Public Finance Authority Meeting was called to order by Legal Counsel Harper at 8:24 p.m. ROLL CALL PRESEN'l': AUTHORITY HEKBERS: ALONGI, BENDER, CHERVENY, PAPE, WASHBURN ABSEN'l': AUTHORITY KEKBERS: NONE SELECTION OF CBAIRKAH ~~~ Y~C~-CHAIP.MAN (F:126.1) Legal Counsel Harper declared the ncminations open for Cllairman of the Public Finance Authority. MEMBER CHERVENY NOMINATED MEMBER ALONGI. MEMBER WASHBURN NOMINATED MEMBER PAPE. - MOVED BY WASHBURN, SECONDED BY ALONGI AND CARRIED BY UNANIMOUS VOTE TO CLOSE THE NOMINATIONS FOR CHAIRMAN. MEMBER ALONGI VOTED FOR MEMBER ALONGI. MEMBER BENDER VOTED FOR MEMBER PAPE. MEMBER CHERVENY VOTED FOR MEMBER ALONGI. MEMBER PAPE VOTED FOR MEMBER PAPE. MEMBER WASHBURN VOTED FOR MEMBER PAPE. MEMBER PAPE WAS DECLARED CHAIRMAN AND ASSUMED THE CHAIR. Chairman Pape declared the nominations open for Vice-Chairman of the Public Finance Authority. MEMBER BENDER NOMINATED MEMBER WASHBURN. HEARING NO FURTHER NOMINATIONS, THE NOMINATIONS WERE CLOSED. MEMBER ALONGI VOTED FOR MEMBER WASHBURN. MEMBER BENDER VOTED FOR MEMBER WASHBURN. MEMBER CHERVENY VOTED FOR MEMBER WASHBURN. MEMBER PAPE VOTED FOR MEMBER WASHBURN. MEMBER WASHBURN VOTED FOR MEMBER WASHBURN. MEMBER WASHBURN WAS DECLARED VICE-CHAIRMAN. CONSEN'l' CALENDAR 1. Lake Elsinore Diamond Bond Refinancing - Resolution No. PFA 94-1. (F:134.10) (F:126.5) MOVED BY WASHBURN, SECONDED BY BENDER AND CARRIED BY A VOTE OF 4 TO 1 WITH CHERVENY CASTING THE DISSENTING VOTE TO ADOPT RESOLUTION NO. PFA 94-1. PAGE TWO - PUBLIC FINANCE AUTHORITY MINUTES - AUGUST 9, 1994 RESOLUTION NO. PFA 94-1 A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $17,000,000 PRINCIPAL AMOUNT OF 1994 REVENUE BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS) SERIES A AND 1994 SUBORDINATE REVENUE BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS), SERIES B, AUTHORIZING AND DIRECTING EXECUTION OF TWO INDENTURES OF - TRUST, A LEASE AGREEMENT AND BOND PURCHASE CONTRACT, APPROVING AN OFFICIAL STATEMENT, AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO. ADJOURNKENT MOVED BY BENDER, SECONDED BY WASHBURN AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE SPECIAL PUBLIC FINANCE AYTHORITY MEETING AT 8:26 P.M. ~4~~ ~~ST:)/ \ ~~~ VICKI KASAD CLERK OF TH~ AUTHORITY / KEVIN W. PAPE, CHAIRMAN ~ PUBLIC FINANCE AUTHORITY - - MINUTES ,-..... REGULAR KBETING LAKB BLSINORB PUBLIC ~INANCB AUTHORITY CITY O~ LAKB BLSINORB 183 N. HAIN STREST LAKE ELSINORE, CALI~ORNIA TUESDAY, NOVEKBER 22, 1994 ******************************************************~********* CALL TO ORDER The Regular Meetinq of the Lake Elsinore Public Finance Authority was called to order by Chairman Pape at 8:06 p.m. ROLL CALL PRESIIIT: AUTHORITY KBKBERS: ALONGI, BENDER, BRINLEY, WASHBURN, PAPE ABSENT: AUTHORITY KBKBERS: NONE - Also present were: Executive Director Molendyk, Assistant Executive Director Roqers, Leqal Counsel Harper, Administrative Services Director Boone, City Planner LeSlie, Interim Chief Buildinq Official Russell, Community Services Director Sapp, Public Services Director Tecca, Manaqer of Special Projects watenpauqh, City Treasurer Kelley and Clerk of the Authority Kasad. CONSENT CALENDAR MOVED BY WASHBURN, SECONDED BY BRINLEY AND CARRIED BY UNANIMOUS VOTB TO APPROVE THB CONSENT CALENDAR AS PRESENTED. 1. The.Minutes of August 9, 1994, were approved. 2. Adopted Resolution No. PFA 94-2 relatinq to the Marks-Roos Pool & Community Facilities District 90-2 (Tuscany Hills). RESOLUTION NO. P~A 94-2 A RESOLUTION O~ THB LAKB ELSINORB PUBLIC ~INANCING AUTHORITY AUTHORIZING THB ISSUANCE O~ 1990 LOCAL AGENCY REVENUB BONDS, SERIBS D, AND 1990 LOCAL AGENCY REVENUE BONDS, SERIES B, APPROVING AKBNDED AND RESTATED HASTER INDENTURB AND O~~ICIAL STATBKJDtT, AUTHORIZING SALE O~ SUCH BONDS, AUTHORIZING THE EXBCUTION O~ AN AGREEKBNT ~OR THE PURCHASB O~ LOCAL OBLIGATIONS O~ THB CITY AND PROVIDING OTHER HATTERS PROPERLY RE~TING THERETO. 3. Adopted Resolution No. PFA 94-3 reqardinq Bond Refinancinq. RESOLUTION NO. P~A 94-3 A RBSOLUTION O~ THB LAKE ELSINORE PUBLIC ~INANCING AUTHORITY AUTHORIZING ISSUANCB BY THB AUTHORITY O~ ITS 1994 SERIES A TAX ALLOCATIOB REVEBOB BONDS (LAKB ELSINORB REDEVELOPMENT PROJECTS) AND O~ ITS 1994 SERIES B SUBORDINATE TAX ALLOCATIOB BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS), AUTHORIZING SALB O~ BONDS OPOB CERTAIN TERM SAND CONDITIONS, APPROVING O~~ICIAL STATEMENT RELATING TO THB BONDS, APPROVING LOAN AGREEKBNTS RELATING TO THE PROCEEDS O~ THE BONDS, AND APPROVING OTHER HATTERS PROPERLY RELATING THERETO. PAGB TWO - PUBLIC PINANCING AUTHORITY - NOVEMBER 22, 1". ADJOtJR!DODf'.l' THB PUBLIC PINANCING AUTHORITY JlBBTING ~SAoJO_' AT 8:07 P.K. j , ' /J ,./' i / /~/ D4tLc)} LV}ty!f:/' ~I. w. PAPB~ CHAIRMAN rUBLIC PINANCING AUTHORITY i 'A .ti' EST:, '2' . 'J' I ~ \ ~ I J' "..t .,' ) - . ' -\ ':. " xW< ~WU-~ CLERK OP TJlB -Zitr-tHORITY - - -