City Council Chambers
29844 Haun Road
Menifee, CA 92586
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, March 26, 2024
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Stephanie Roseen, Acting City Clerk
REGULAR MEETING (2:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Committee Members about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Committee’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
4. APPROVAL OF MINUTES NONE
5. DISCUSSION ITEMS
5.1 Proposed Bond Issuance for Community Facilities District No. 20221, Quartz Ranch RECOMMENDED ACTION
1. Review the proposed Series 2 bond issue request for Community Facilities District No. 20221, Quartz Ranch by Lennar Homes, to finance the costs of certain public improvements for the development of a residential tract containing 379 units located south of La Piedra Road, on both the east and west sides of Evans Road;and
2. Recommend the Finance Department proceed with preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council at a future City Council meeting.
5.2 Proposed Formation of Community Facilities District No. 20242, Golden Meadows RECOMMENDED ACTION
1. Review the proposed Community Facilities District No. 20242, Golden Meadows by Richland Communities, to finance certain costs of public improvements within the 552lot singlefamily residential development located east of Evans Road, north of Wickerd Road, west of Ascot Way and south of Garbani Road, and recommend whether the proposal should be forwarded to City Council for consideration.
5.3 Proposed Formation of Community Facilities District No. 20243, River Walk Village RECOMMENDED ACTION
1. Review the proposed Community Facilities District No. 20243, River Walk Village by Richmond American Homes, to finance certain costs of public improvements within the 198unit singlefamily residential development located north of Lazy Creek Road and west of Bradley Road and recommend whether the proposal should be forwarded to City Council for consideration.
5.4 City of Menifee Investment Portfolio: Investment Opportunity Review RECOMMENDED ACTION
1. Recommendation for investment of additional $50 million into the investment portfolio with Chandler Asset Management and transfer of securities purchased by Piper Sandler & Co. to Chandler Asset Management.
6. STAFF COMMENTS
7. COMMITTEE MEMBER UPDATES AND COMMENTS
8. FUTURE AGENDA ITEMS
9. ADJOURNMENT
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Finance Committee
March 26, 2024
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, March 26, 2024
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Stephanie Roseen, Acting City Clerk
REGULAR MEETING (2:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Committee Members about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Committee’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
4. APPROVAL OF MINUTES NONE
5. DISCUSSION ITEMS
5.1 Proposed Bond Issuance for Community Facilities District No. 20221, Quartz Ranch RECOMMENDED ACTION
1. Review the proposed Series 2 bond issue request for Community Facilities District No. 20221, Quartz Ranch by Lennar Homes, to finance the costs of certain public improvements for the development of a residential tract containing 379 units located south of La Piedra Road, on both the east and west sides of Evans Road;and
2. Recommend the Finance Department proceed with preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council at a future City Council meeting.
5.2 Proposed Formation of Community Facilities District No. 20242, Golden Meadows RECOMMENDED ACTION
1. Review the proposed Community Facilities District No. 20242, Golden Meadows by Richland Communities, to finance certain costs of public improvements within the 552lot singlefamily residential development located east of Evans Road, north of Wickerd Road, west of Ascot Way and south of Garbani Road, and recommend whether the proposal should be forwarded to City Council for consideration.
5.3 Proposed Formation of Community Facilities District No. 20243, River Walk Village RECOMMENDED ACTION
1. Review the proposed Community Facilities District No. 20243, River Walk Village by Richmond American Homes, to finance certain costs of public improvements within the 198unit singlefamily residential development located north of Lazy Creek Road and west of Bradley Road and recommend whether the proposal should be forwarded to City Council for consideration.
5.4 City of Menifee Investment Portfolio: Investment Opportunity Review RECOMMENDED ACTION
1. Recommendation for investment of additional $50 million into the investment portfolio with Chandler Asset Management and transfer of securities purchased by Piper Sandler & Co. to Chandler Asset Management.
6. STAFF COMMENTS
7. COMMITTEE MEMBER UPDATES AND COMMENTS
8. FUTURE AGENDA ITEMS
9. ADJOURNMENT
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Finance Committee
March 26, 2024
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, March 26, 2024
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Stephanie Roseen, Acting City Clerk
REGULAR MEETING (2:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Committee Members about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Committee’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
4. APPROVAL OF MINUTES NONE
5. DISCUSSION ITEMS
5.1 Proposed Bond Issuance for Community Facilities District No. 20221, Quartz Ranch RECOMMENDED ACTION
1. Review the proposed Series 2 bond issue request for Community Facilities District No. 20221, Quartz Ranch by Lennar Homes, to finance the costs of certain public improvements for the development of a residential tract containing 379 units located south of La Piedra Road, on both the east and west sides of Evans Road;and
2. Recommend the Finance Department proceed with preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council at a future City Council meeting.
5.2 Proposed Formation of Community Facilities District No. 20242, Golden Meadows RECOMMENDED ACTION
1. Review the proposed Community Facilities District No. 20242, Golden Meadows by Richland Communities, to finance certain costs of public improvements within the 552lot singlefamily residential development located east of Evans Road, north of Wickerd Road, west of Ascot Way and south of Garbani Road, and recommend whether the proposal should be forwarded to City Council for consideration.
5.3 Proposed Formation of Community Facilities District No. 20243, River Walk Village RECOMMENDED ACTION
1. Review the proposed Community Facilities District No. 20243, River Walk Village by Richmond American Homes, to finance certain costs of public improvements within the 198unit singlefamily residential development located north of Lazy Creek Road and west of Bradley Road and recommend whether the proposal should be forwarded to City Council for consideration.
5.4 City of Menifee Investment Portfolio: Investment Opportunity Review RECOMMENDED ACTION
1. Recommendation for investment of additional $50 million into the investment portfolio with Chandler Asset Management and transfer of securities purchased by Piper Sandler & Co. to Chandler Asset Management.
6. STAFF COMMENTS
7. COMMITTEE MEMBER UPDATES AND COMMENTS
8. FUTURE AGENDA ITEMS
9. ADJOURNMENT
Decorum Policy Notes
The Committee anticipates and encourages public participation at its meetings, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the Committee after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777, or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Finance Committee
March 26, 2024