HomeMy WebLinkAbout03-19-2002 PFA
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MINUTES
SPECIAL PUBLIC FINANCE AUTHORITY MEETING
CITY OF LAKE ELSINORE
183 NORTH MAIN STREET
LAKE ELSINORE, CALIFORNIA
THURSDAY, MARCH 19,2002
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CALL TO ORDER
Chainnan Buckley called the Special Public Finance Authority Meeting to
order at 3:33 p.m.
ROLL CALL
PRESENT:
AUTHORITY MEMBERS: BRINLEY, mCKMAN,
KELLEY, SCHIFFNER,
BUCKLEY
ABSENT:
AUTHORITY MEMBERS: NONE
Also present were: Assistant Executive Director Best, Legal Counsel
Leibold, Administrative Services Director Boone and Deputy Clerk of
the Authority Paredes.
CLOSED SESSION
A. CONFERENCE WITH LEGAL COUNSEL -ANTICIPATED
LITIGATION (Significant exposure to litigation pursuant to
subdivision (b) of Section 54956.9)
Legal Counsel Leibold announced Closed Session discussion item, as listed
above.
THE SPECIAL PUBLIC FINANCE AUTHORITY MEETING WAS
RECESSED TO CLOSED SESSION AT 3:35 P.M.
THE SPECIAL PUBLIC FINANCE AUTHORITY MEETING
RECONVENED AT 5:01P.M. WITH NO REPORTABLE ACTION.
PAGE TWO - SPECIAL P.F.A. MINUTES - MARCH 19,2002
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Adria L. Paredes, Deputy Clerk
of the Authority
ATTEST:
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VICKI KASAD, CLERK OF THE
PUBLIC FINANCE AUTHORITY
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MINUTES
REGULAR PUBLIC FINANCE AUTHORITY MEETING
CITY OF LAKE ELSINORE
183 NORTH MAIN STREET
LAKE ELSINORE, CALIFORNIA
TUESDAY, NOVEMBER 26, 2002
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CALL TO ORDER
The Regular Public Finance Authority Meeting was called to order by Chairman
Buckley at 8:05 p.m.
ROLL CALL
PRESENT:
BOARDMEMBERS: BRINLEY, HICKMAN, KELLEY,
SCHIFFNER, BUCKLEY
ABSENT:
BOARDMEMBERS: NONE
Also present were: Executive Director Watenpaugh, Assistant Executive
Director Best, Legal Counsel Leibold, Administrative Services Director Boone,
Community Development Director Brady, Community Services Director
Sapp, Police Chief Walsh, Information/Communications Manager Dennis,
Engineering Manager O'Donnell, Public Works Manager Payne and Clerk of
the Authority Kasad.
PUBLIC COMMENTS - AGENDIZED ITEMS
1. Bond Refunding - Public Finance Authority 1990 Series A - Resolution No.
PFA 2002-01.
Chairman Buckley indicated that this was the Bond Refunding previously
discussed at part of the earlier City Council meeting. Executive Director
Watenpaugh indicated that he had no further comments.
MOVED BY SCHIFFNER, SECONDED BY KELLEY TO ADOPT
RESOLUTION NO. 2002-01, AND THE RELATED AGREEMENTS AS
PROVIDED BY THE CITY'S BOND COUNSEL.
PAGE TWO - PUBLIC FINANCE AUTHORITY MINUTES
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Chairman Buckley clarified that those people paying through Mello-Roos would
not see an increase due to this action, and it would not take longer for them to pay
it off. He indicated that this action would refinance existing obligations and settle
a potential lawsuit.
THE FOREGOING MOTION CARRIED BY UNANIMOUS VOTE.
PUBLIC COMMENTS - NON-AGENDIZED ITEMS
No Comments.
EXECUTIVE DIRECTOR COMMENTS
No Comments.
AUTHORITY MEMBER COMMENTS
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No Comments.
LEGAL COUNSEL COMMENTS
No Comments.
ADJOURNMENT
MOVED BY SCHIFFNER, SECONDED BY KELLEY AND CARRIED BY
UNANIMOUS VOTE TO ADJOURN THE REGULAR PUBLIC FINANCE
AUTHORITY MEETING AT 8:06 P.M.
A:rST:
U~
VICKI SAD, CMC, CLERK OF THE AUTH
PUBLIC FINANCE AUTHORITY
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