HomeMy WebLinkAbout061196 FA MinutesMINUTES OF A MEETING OF THE OLD TOWN WESTSIDE
COMMUNITY FACILITIES DISTRICT FINANCING AUTHORITY
HELD JUNE 11, 1996
A regular meeting of the Old Town Westside Community Facilities District Financing
Authority was called to order at 8:10 P.M. at the Community Recreation Center, 30875
Rancho Vista Road, Temecula, California. Chairperson Patricia H. Birdsall presiding.
PRESENT:5 BOARD MEMBERS: Ford, Lindemans, Roberts, Stone, Birdsall
ABSENT:0 BOARD MEMBERS: None
Also present were Executive Director Ronald E. Bradley, Assistant City Attorney Mike
Estrada and Authority Secretary June S. Greek.
PUBLIC COMMENTA
None given.
CONSENT CALENDAR
It was moved by Board Member Ford, seconded by Board Member Roberts to approve
Consent Calendar Item No. 1.
1 . Minutes
1.1 Approve the minutes of May 28, 1996.
The motion carried as follows:
AYES: 3 BOARD MEMBERS: Ford, Roberts, Birdsall
NOES: 0 BOARD MEMBERS: None
ABSENT: 0 BOARD MEMBERS: None
ABSTAIN: 2 BOARD MEMBERS: Lindemans, Stone
JOINT MEETING OF THE CITY COUNCIL/OLD TOWN WESTSIDE COMMUNITY
FACILITIES DISTRICT FINANCING AUTHORITY
2Financinas for Old Town Area Public Improvements and the Western Bypass CorridQf
Councilmember Stone announced a conflict of interest and stepped down from the
dias.
Minutes.fa
City Manager Bradley presented the staff report.
Board Member Ford requested additional language be inserted into Resolution 2.1 as
follows: Paragraph 5, "Notwithstanding the foregoing, any sale of the Bonds shall be
subject to the prior approval by the Authority of a purchase contract and disclosure
document for the Bonds."
It was moved by Board Member Ford, seconded by Board Member Lindemans to
approve staff recommendation 2.1 with the additional language suggested by
Member Ford.
2.1Adopt a resolution entitled:
RESOLUTION NO. FA 96-09
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OLD
TOWN/WESTSIDE COMMUNITY FACILITIES DISTRICT FINANCING
AUTHORITY AUTHORIZING THE ISSUANCE OF SPECIAL TAX BONDS FOR
COMMUNITY FACILITIES DISTRICT NO. 1, APPROVING AND DIRECTING THE
EXECUTION OF A FISCAL AGENT AGREEMENT, AND APPROVING
AMENDMENT TO JOINT COMMUNITY FACILITIES AGREEMENT AND OTHER
RELATED DOCUMENTS AND ACTIONS
The motion was unanimously carried, with Member Stone abstaining.
It was moved by Board lviember Birdsall, seconded by Board Member Roberts to
approve staff recommendation 2.2 as follows:
2.2Adopt a resolution entitled:
RESOLUTION NO. 96-79
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA
APPROVING AND AUTHORIZING AND DIRECTING THE EXECUTION AND
DELIVERY OF AN AMENDMENT NO. 1 TO JOINT COMMUNITY FACILITIES
AGREEMENT
The motion was unanimously carried, with Councilmember Stone abstaining.
Minutes.fa -2-
ADJOURNMENT
It was moved by Board Member Ford, seconded by Board Member Lindemans to adjourn at
8:12 PM to a meeting on June 25, 1996, 7:00 PM, Community Recreation Center, 30875
Rancho Vista Road, Temecula, California. The motion was unanimously carried with Board
Member Lindemans absent.
Pahricia H. Birdsall, Chairperson
ATTEST:
reek, CMC, City Cferk/
Secretary
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