City Council Chambers
29844 Haun Road
Menifee, CA 92586
Dean Deines, District 4
Dan Temple, District 3
MINUTES
Finance Committee
Special Meeting Minutes
Monday, March 16, 2026
11:00 AM Special Meeting
Travis Hickey, Chief Financial
Officer
Rachel Valencia, Meeting Clerk
SPECIAL MEETING (11:00 AM)
1. CALL TO ORDER
Councilmember Deines called the meeting to order at 11:00 AM.
2. ROLL CALL
Present: Dan Temple, Dean Deines
Absent: None
3. PRESENTATIONS – NONE
There were no presentations.
4. PUBLIC COMMENTS (NON-AGENDA ITEMS)
There were no public comments.
5. APPROVAL OF MINUTES
The following set of minutes were approved unanimously (2-0) with no modifications.
5.1 January 13, 2026, Finance Committee Meeting Minutes
6. DISCUSSION ITEMS
6.1 Proposed Parity Bond Issuance for Community Facilities District No. 2023-2 Improvement Area 1
Director of Strategic Programs and Initiatives, Margarita Cornejo, and Consultant Shane Spicer, provided a presentation. The Committee asked questions of staff. The item was approved unanimously (2-0).
ACTION
1. Reviewed the proposed parity bond issuance request for Community Facilities District (“CFD”) No. 2023-2 Improvement Area 1, Cimarron Ridge, by Pulte Home Co., LLC, 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 within the City of Menifee (the “City”); and
2. Recommended 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.
6.2 Community Benefit Agreement (CBA) for Double Butte Project
Director Margarita Cornejo and Consultant Shane Spicer provided a presentation. The Committee asked questions of staff. Councilmember Deines expressed concern over the utilization of the funds. The item was approved unanimously (2-0).
ACTION
1. Reviewed proposed Community Benefit Agreement (CBA) for Double Butte Project and recommended submittal to the City Council for approval.
6.3 Community Benefit Agreement (CBA) for Seaflower BESS Project Director of Strategic Programs and Initiatives, Margarita Cornejo, Community Development Director Orlando Hernandez, and Consultant Shane Spicer provided a presentation. The Committee asked questions of staff. The item was approved unanimously (2-0).
ACTION
1. Reviewed proposed Community Benefit Agreement (CBA) for Seaflower BESS Project and recommended submittal to the City Council for approval.
7. STAFF COMMENTS
There were no staff comments.
8. COMMITTEE MEMBER UPDATES AND COMMENTS
There were no reports on Committee activities.
9. FUTURE AGENDA ITEMS
There were no future agenda item requests.
10. ADJOURNMENT
The meeting adjourned at 11:25 AM.
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Rachel Valencia, Management Aide