HomeMy WebLinkAboutTPFA 1 MINUTES 10-18-04
Agenda Item
TPFA 1
MINUTES OF THE SPECIAL MEETING OF THE
TUSTIN PUBLIC FINANCING AUTHORITY
TUSTIN, CALIFORNIA
Reviewed:
City Manager ~
Finance Director ~
AUGUST 2, 2004
CALL TO ORDER - 7:39 P.M.
ATTENDANCE
Present:
Absent:
City Clerk:
Others Present:
Chair Tony Kawashima, Chair Pro Tem Lou Bone, Authority
Members Doug Davert and Tracy Worley Hagen, and Jeffery M.
Thomas
None
Pamela Stoker
William A. Huston, Executive Director and Lois Jeffrey, City Attorney
PUBLIC INPUT - None
REGULAR BUSINESS
1.
APPROVAL OF MINUTES - SPECIAL MEETING OF OCTOBER 6,2003,2004
Motion: Approve the Tustin Public Financing Authority Minutes of October 6,
2003.
It was moved by Authority Member Hagen, seconded by Authority Member
Davert, to approve Minutes. Motion carried 5-0.
RECESS to a Joint Tustin Public Financing Authority (TPFA) and City Council Meeting
at 7:19 p.m.
2.
JOINT CITY COUNCIL AND TUSTIN PUBLIC FINANCING AUTHORITY
(TPFA) - VOTING AUTHORIZATION FOR SPECIAL ELECTION FOR
IMPROVEMENT DISTRICT NUMBER 113 AND 213 OF THE IRVINE RANCH
WATER DISTRICT ON AUGUST 31, 2004
The City Council and Tustin Public Financing Authority are being requested to
conduct a joint session to proceed with the development of water and sewer
facilities at Tustin Legacy; the Irvine Ranch Water District (IRWD) has formed
two Improvement Districts and adopted a Plan of Works for each district. The
IRWD has scheduled a special bond election among property owners within
each improvement district to receive authorization to issue general obligation
Tustin Pubiic Financing Authority Meeting
Minutes
August 2, 2004
Page 1012
bonds to finance the acquisition and construction of facilities described in each
Plan of Works.
Tustin Public Financinq Authoritv Action
Motion: Authorize the Executive Director to execute the ballot associated with
the special bond election for Improvement District Nos. 113 and 213 of the
Irvine Ranch Water District on behalf of the City supporting the issuance of
General Obligation Bonds.
It was moved by Authority Member Davert, seconded by Authority Member
Thomas, to approve joint item with the City Council. Motion carried 5-0.
Citv Council Action
Motion: Authorize the City Manager to execute the ballot associated with the
special bond election for Improvement District Nos. 113 and 213 of the Irvine
Ranch Water District on behalf of the City supporting the issuance of General
Obligation Bonds.
It was moved by Councilmember Davert, seconded by Councilmember Thomas,
to approve joint item with the Tustin Public Financing Authority. Motion carried 5-
O.
RECONVENE TO THE CITY COUNCIL MEETING at 7:21 p.m.
ADJOURNMENT - 7:39 P.M.
Tustin Public Financing Authority Meeting
Minutes
August 2, 2004
Page 2 012