HomeMy WebLinkAbout2025-62 CC Resolution RESOLUTION NO. 2025-62
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA MAKING FINDINGS WITH RESPECT TO
AND APPROVING THE ISSUANCE OF BONDS BY THE
TEMECULA PUBLIC FINANCING AUTHORITY
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE AS
FOLLOWS:
Section 1. The City of Temecula (the "City"), the Temecula Community Services
District and the Temecula Housing Authority are parties to a Joint Exercise of Powers Agreement
which established the Temecula Public Financing Authority (the "Authority") for the purpose,
among others, of issuing bonds to finance public capital improvements.
Section 2. The Board of Directors of the Authority has formed the Temecula Public
Financing Authority Community Facilities District No. 23-02 (Prado) (the "CFD"), and the
Authority intends to issue bonds of the Authority for the CFD (the "Bonds") to finance various
public improvements (the"Improvements").
Section 3. The City Council has on this date held a duly noticed public hearing with
respect to the financing of the Improvements with the proceeds of the Bonds, as required by
Section 6586.5(a) of the California Government Code.
Section 4. The City Council hereby finds that significant public benefits will arise from
the financing of the Improvements with the proceeds of the Bonds, in accordance with
Section 6586 of the California Government Code.
Section 5. The City Council hereby approves the financing of the Improvements with
the proceeds of the Bonds, and the issuance of the Bonds by the Authority for the CFD.
Section 6. This Resolution shall take effect upon adoption.
PASSED,APPROVED,AND ADOPTED by the City Council of the City of Temecula
this 23`d day of September, 2025.
Brenden Kalfus, Mayor
ATTEST.
Randi Jo , City Clerk
[SEAL]
2
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, City Clerk of the City of Temecula, do hereby certify that the foregoing
Resolution No. 2025-62 was duly and regularly adopted by the City Council of the City of
Temecula at a meeting thereof held on the 23`d day of September, 2025, by the following vote:
AYES: 4 COUNCIL MEMBERS: Alexander, Kalfus, Schwank, Stewart
NOES: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Rahn
Randi Johl, City Clerk
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