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HomeMy WebLinkAbout09-26-1995 PFA MINUTES PUBLIC FINANCE AUTHORITY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, SEPTEMBER 26, 1995 ***************************************************************** CALL TO ORDER The Regular Public Finance Authority Meeting was called to order by Chairman Pape at 9:39 p.m. ROLL CALL PRESENT: AUTHORITY MEMBERS: BENDER, BRINLEY, PAPE ABSENT: AUTHORITY MEMBERS: ALONGI, WASHBURN Also present were: Executive Director Molendyk, Assistant Executive Director Watenpaugh, Legal Counsel Harper, Community Development Director Leslie, community services Director Sapp, Public Services Director Tecca, Manager of Special Projects Best, Special Projects Coordinator Wood and Clerk of the Authority Kasad. CONSENT CALENDAR MOVED BY BRINLEY, SECONDED BY BENDER AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. 1. Adopted Resolution No. PFA 95-2 relating to Bond Refinancing - Series A Subordinate Tax Allocation Revenue Notes. RESOLUTION NO. PFA 95-2 A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING AUTHORITY AUTHORIZING ISSUANCE BY THE AUTHORITY OF ITS 1995 SERIES A HOUSING TAX ALLOCATION REVENUE BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS) AND OF ITS 1995 SERIES B SUBORDINATE HOUSING TAX ALLOCATION BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS), AUTHORIZING SALE OF BONDS UPON CERTAIN TERMS AND CONDITIONS, APPROVING OFFICIAL STATEMENT RELATING TO THE BONDS, APPROVING LOAN AGREEMENT RELATING TO THE PROCEEDS OF THE BONDS, AUTHORIZING IN REM VALIDATION PROCEEDINGS WITH RESPECT TO THE FOREGOING AND APPROVING OTHER MATTERS PROPERLY RELATING THERETO. ADJOURNMENT THE REGULAR PUBLIC FINANCE AUTHORITY)(EETING WAS ADJOURNED AT 9:39 P.M. // /1 -, " / v/ ..) · ! "~ .,1"1_,/ 'l/-f7 It.' JY41~ (. Ci J KEVIN w. ~PE, CHAIRMAN PUBLIC FINANCE AUTHORITY A !fEST: ) -(\ > U ICK_ KASAD, C~ERK OF THE AUTHORITY PUBLIC FINANCE AUTHORITY MINUTES SPECIAL PUBLIC FINANCE AUTHORITY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA DECEMBER 12, 1995 ***************************************************************** CALL TO ORDER The Special Public Finance Authority Meeting was called to order by Chairwoman Brinley at 8:07 p.m. ROLL CALL PRESENT: AUTHORITY MEMBERS: ALONGI, KELLEY, METZE, PAPE, BRINLEY ABSENT: AUTHORITY MEMBERS: NONE Also present were: Executive Director Molendyk, Assistant city Manager Watenpaugh, Legal Counsel Harper, Administrative Services Director Boone, community Development Director Leslie, community services Director Sapp, Public Services Director Tecca, Special Projects Coordinator Wood and Clerk of the Authority Kasad. CONSENT CALENDAR MOVED BY BRINLEY, SECONDED BY PAPE AND CARRIED BY A VOTE OF 4 TO 1 WITH ALONGI CASTING THE DISSENTING VOTE TO APPROVE THE CONSENT CALENDAR AS PRESENTED, 1. Adopted Resolution No. PFA 95-3 regarding Bond Refinancing - Series A & Series B: RESOLUTION NO. PFA 95-3 A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING AUTHORITY CONFIRMING APPROVAL OF SALE OF AND OFFICIAL STATEMENTS RELATING TO ITS 1995 SERIES A TAX ALLOCATION REVENUE BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS) AND ITS 1995 SERIES B SUBORDINATE TAX ALLOCATION BONDS (LAKE ELSINORE REDEVELOPMENT PROJECTS), APPROVING ADDITIONAL LOAN AGREEMENT TO BE FUNDED WITH THE PROCEEDS OF THE BONDS, AND APPROVING OTHER MATTERS PROPERLY RELATING THERETO. 2. Adopted Resolution No. PFA 95-4 regarding Community Facilities District 95-1 (City Center). RESOLUTION NO. PFA 95-4 A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF 1996 LOCAL AGENCY REVENUE BONDS, SERIES E, APPROVING FIFTH SUPPLEMENTAL INDENTURE OF TRUST AND OFFICIAL STATEMENT, AUTHORIZING SALE OF SUCH BONDS, AUTHORIZING THE EXECUTION OF AN AGREEMENT FOR THE PURCHASE OF LOCAL OBLIGATIONS OF THE CITY AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO. ADJOURNMENT THE PUBLIC FINANCE AUTHORITY MEETING ~r~w VICKI KASAn, CLE~K OF THE BOARD PUBLIC FINANCE AUTHORITY -"