City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Dean Deines, District 4
MINUTES
Finance Committee
Regular Meeting Minutes
Thursday, January 30, 2025
4:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Edna A. Aguilar, Meeting Clerk
REGULAR MEETING (4:00 PM)
1. CALL TO ORDER
Councilmember Deines called the meeting to order at 4:00 PM.
2. ROLL CALL
Present: Ricky Estrada, Dean Deines
Absent:
3. PRESENTATIONS - NONE
4. PUBLIC COMMENTS (NON-AGENDA ITEMS)
None.
5. APPROVAL OF MINUTES
5.1 December 10, 2024, Minutes
The minutes were approved unanimously (2-0) with no modifications.
6. DISCUSSION ITEMS
6.1 Proposed Bond Issuance for Community Facilities District No. 2023-2 Improvement Area 1, Cimarron Ridge.
Chief Financial Officer Travis Hickey introduced Shane Spicer, from Spicer Consulting, Brian Forbath, Attorney with Stradling, Yocca, Carlson and Rauth, Branden Kfouri, Municipal Advisor with Urban Futures, Inc. and John Zimmerman, Consultant with the Zimmerman Group.
Chief Financial Officer Travis Hickey and Consultants provided an overview of the item.
ACTION
1. Reviewed the proposed bond issuance request for Community Facilities District (CFD) No. 2023 -2 Improvement Area 1, Cimarron Ridge by Pulte Homes, to finance the costs of certain public improvements in connection with the development of 424 homes in a community located south of Rouse Road and west of Byers Road in the City of Menifee; and
2. Recommended that 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.
7. STAFF COMMENTS
Chief Financial Officer Travis Hickey provided comments.
8. COMMITTEE MEMBER UPDATES AND COMMENTS
None.
9. FUTURE AGENDA ITEMS
None.
10. ADJOURNMENT
The meeting was adjourned at 4:55 PM.
______________________________
Edna A. Aguilar,
Meeting Clerk