City Council Chambers
29844 Haun Road
Menifee, CA 92586
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, July 9, 2024
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Edna Aguilar, Management Analyst
REGULAR MEETING (2:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS – NONE
4. 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.
5. APPROVAL OF MINUTES
5.1 November 7, 2023 Minutes
5.2 December 12, 2023 Minutes
5.3 February 13, 2024 Minutes
5.4 March 26, 2024 Minutes
5.5 May 7, 2024 Minutes
6. DISCUSSION ITEMS
6.1 Creation of an Underwriters Pool for LandSecured Community Facility District Bond Issuance
RECOMMENDED ACTION
1. Receive report on CFD Underwriters Pool and intended selection for two upcoming bond issuance and;
2. Recommend using established CFD Underwriter’s Pool on rotating basis.
6.2 Proposed Bond Issuance for Community Facilities District No. 20231, Rockport Ranch
RECOMMENDED ACTION
1. Review the proposed bond issuance request for Community Facilities District No. 20231, Rockport Ranch, by Lennar Homes, located at the southwest corner of Newport Road and Briggs Road to finance the costs of certain public improvements.
6.3 Proposed Change to Community Facilities District No. 20223, Legado, by BLC Fleming
RECOMMENDED ACTION
1. Review the changes for Community Facilities District 20223, located northwest of Antelope Road and Chambers Avenue and south of Rouse Road, proposed by BLC Fleming, to amend the financing plan and for certain public improvements within the residential development and recommend submittal to the City Council for consideration.
6.4 Annual Update on Community Facility District Related Bond Premiums RECOMMENDED ACTION
1. Receive annual report with updated details on Community Facility District related bond premiums.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
> End of Fiscal Year Update Provided by Chandler Asset Management
10. 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
July 9, 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, July 9, 2024
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Edna Aguilar, Management Analyst
REGULAR MEETING (2:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS – NONE
4. 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.
5. APPROVAL OF MINUTES
5.1 November 7, 2023 Minutes
5.2 December 12, 2023 Minutes
5.3 February 13, 2024 Minutes
5.4 March 26, 2024 Minutes
5.5 May 7, 2024 Minutes
6. DISCUSSION ITEMS
6.1 Creation of an Underwriters Pool for LandSecured Community Facility District Bond Issuance
RECOMMENDED ACTION
1. Receive report on CFD Underwriters Pool and intended selection for two upcoming bond issuance and;
2. Recommend using established CFD Underwriter’s Pool on rotating basis.
6.2 Proposed Bond Issuance for Community Facilities District No. 20231, Rockport Ranch
RECOMMENDED ACTION
1. Review the proposed bond issuance request for Community Facilities District No. 20231, Rockport Ranch, by Lennar Homes, located at the southwest corner of Newport Road and Briggs Road to finance the costs of certain public improvements.
6.3 Proposed Change to Community Facilities District No. 20223, Legado, by BLC Fleming
RECOMMENDED ACTION
1. Review the changes for Community Facilities District 20223, located northwest of Antelope Road and Chambers Avenue and south of Rouse Road, proposed by BLC Fleming, to amend the financing plan and for certain public improvements within the residential development and recommend submittal to the City Council for consideration.
6.4 Annual Update on Community Facility District Related Bond Premiums RECOMMENDED ACTION
1. Receive annual report with updated details on Community Facility District related bond premiums.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
> End of Fiscal Year Update Provided by Chandler Asset Management
10. 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
July 9, 2024