City Council Chambers
29844 Haun Road
Menifee, CA 92586
Dean Deines, District 4
Dan Temple, District 3
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, January 13, 2026
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Rachel Valencia, Clerk
REGULAR MEETING (2:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS
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 October 14, 2025 Finance Committee Meeting Minutes
6. DISCUSSION ITEMS
6.1 Proposed Change to Community Facilities District No. 20254, Heritage Village, by Lennar Homes
RECOMMENDED ACTION
1. Review the changes proposed for Community Facilities District No. 20254, Heritage Village, to amend the financing plan for certain public improvements within the proposed 162unit town home development and recommend submittal to the City Council for consideration.
6.2 Proposed Bond Issuance for Community Facilities District No. 20241, Banner Park II RECOMMENDED ACTION
1. Review the proposed bond issuance request for Community Facilities District (“CFD”) No. 20241, Banner Park II by Pulte Home Co., LLC, to finance the costs of certain public improvements in connection with the development of 182 homes in a community located southeast of Domenigoni Parkway at Lindenberger Road within the City of Menifee (the “City”); and
2. Recommend the Finance Department proceed with the preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council.
6.3 Proposed Bond Issuance for Community Facilities District No. 20223, Improvement Area 1, Legado
RECOMMENDED ACTION
1. Review the proposed bond issuance request for Community Facilities District (“CFD”) No. 20223, Improvement Area 1, Legado by Lennar Homes of California, LLC, to finance the costs of certain public improvements in connection with the development of 1,022 homes in a community located northwest of Antelope Road and Chambers Avenue and south of Rouse Road within the City of Menifee (the “City”); and
2. Recommend the Finance Department proceed with the preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council.
6.4 Finance Committee 2026 Meeting Schedule
RECOMMENDED ACTION
1. Approve the 2026 Finance Committee Meeting dates.
6.5 Establishment of Section 115 Trust
RECOMMENDED ACTION
1. Recommend City Council consider engaging Public Agency Retirement Services (“PARS”) in a Professional Services Agreement for Section 115 Trusts Establishment, Administration and Investment Management Services.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
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.
Affidavit of the Posting
I, Rachel Valencia, do hereby certify, under penalty of perjury, that the Tuesday, January 13, 2026 Finance Committee meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a)(1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.
Menifee Finance Committee
January 13, 2026
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Dean Deines, District 4
Dan Temple, District 3
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, January 13, 2026
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Rachel Valencia, Clerk
REGULAR MEETING (2:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS
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 October 14, 2025 Finance Committee Meeting Minutes
6. DISCUSSION ITEMS
6.1 Proposed Change to Community Facilities District No. 20254, Heritage Village, by Lennar Homes
RECOMMENDED ACTION
1. Review the changes proposed for Community Facilities District No. 20254, Heritage Village, to amend the financing plan for certain public improvements within the proposed 162unit town home development and recommend submittal to the City Council for consideration.
6.2 Proposed Bond Issuance for Community Facilities District No. 20241, Banner Park II RECOMMENDED ACTION
1. Review the proposed bond issuance request for Community Facilities District (“CFD”) No. 20241, Banner Park II by Pulte Home Co., LLC, to finance the costs of certain public improvements in connection with the development of 182 homes in a community located southeast of Domenigoni Parkway at Lindenberger Road within the City of Menifee (the “City”); and
2. Recommend the Finance Department proceed with the preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council.
6.3 Proposed Bond Issuance for Community Facilities District No. 20223, Improvement Area 1, Legado
RECOMMENDED ACTION
1. Review the proposed bond issuance request for Community Facilities District (“CFD”) No. 20223, Improvement Area 1, Legado by Lennar Homes of California, LLC, to finance the costs of certain public improvements in connection with the development of 1,022 homes in a community located northwest of Antelope Road and Chambers Avenue and south of Rouse Road within the City of Menifee (the “City”); and
2. Recommend the Finance Department proceed with the preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council.
6.4 Finance Committee 2026 Meeting Schedule
RECOMMENDED ACTION
1. Approve the 2026 Finance Committee Meeting dates.
6.5 Establishment of Section 115 Trust
RECOMMENDED ACTION
1. Recommend City Council consider engaging Public Agency Retirement Services (“PARS”) in a Professional Services Agreement for Section 115 Trusts Establishment, Administration and Investment Management Services.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
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.
Affidavit of the Posting
I, Rachel Valencia, do hereby certify, under penalty of perjury, that the Tuesday, January 13, 2026 Finance Committee meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a)(1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.
Menifee Finance Committee
January 13, 2026
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Dean Deines, District 4
Dan Temple, District 3
AGENDA
Finance Committee
Regular Meeting Agenda
Tuesday, January 13, 2026
2:00 PM Regular Meeting
Travis Hickey, Chief Financial Officer
Rachel Valencia, Clerk
REGULAR MEETING (2:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. PRESENTATIONS
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 October 14, 2025 Finance Committee Meeting Minutes
6. DISCUSSION ITEMS
6.1 Proposed Change to Community Facilities District No. 20254, Heritage Village, by Lennar Homes
RECOMMENDED ACTION
1. Review the changes proposed for Community Facilities District No. 20254, Heritage Village, to amend the financing plan for certain public improvements within the proposed 162unit town home development and recommend submittal to the City Council for consideration.
6.2 Proposed Bond Issuance for Community Facilities District No. 20241, Banner Park II RECOMMENDED ACTION
1. Review the proposed bond issuance request for Community Facilities District (“CFD”) No. 20241, Banner Park II by Pulte Home Co., LLC, to finance the costs of certain public improvements in connection with the development of 182 homes in a community located southeast of Domenigoni Parkway at Lindenberger Road within the City of Menifee (the “City”); and
2. Recommend the Finance Department proceed with the preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council.
6.3 Proposed Bond Issuance for Community Facilities District No. 20223, Improvement Area 1, Legado
RECOMMENDED ACTION
1. Review the proposed bond issuance request for Community Facilities District (“CFD”) No. 20223, Improvement Area 1, Legado by Lennar Homes of California, LLC, to finance the costs of certain public improvements in connection with the development of 1,022 homes in a community located northwest of Antelope Road and Chambers Avenue and south of Rouse Road within the City of Menifee (the “City”); and
2. Recommend the Finance Department proceed with the preparation of the Official Statement and other legal documents related to the transaction for presentation to the City Council.
6.4 Finance Committee 2026 Meeting Schedule
RECOMMENDED ACTION
1. Approve the 2026 Finance Committee Meeting dates.
6.5 Establishment of Section 115 Trust
RECOMMENDED ACTION
1. Recommend City Council consider engaging Public Agency Retirement Services (“PARS”) in a Professional Services Agreement for Section 115 Trusts Establishment, Administration and Investment Management Services.
7. STAFF COMMENTS
8. COMMITTEE MEMBER UPDATES AND COMMENTS
9. FUTURE AGENDA ITEMS
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.
Affidavit of the Posting
I, Rachel Valencia, do hereby certify, under penalty of perjury, that the Tuesday, January 13, 2026 Finance Committee meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a)(1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.
Menifee Finance Committee
January 13, 2026