City Council

A. Consideration to adopt Proposed Resolution Numbers (next in order) regarding\nFinancing and issuance of bonds associated with CFD No. 2021-1 (Avion\nPointe/Acacia) and CFD No. 2022-1 (Willowbend/ Ivy Pointe) to finance\ncertain public facilities and fees. CFD No. 2021-1 is located along the west line\nof Delines Drive, south of Van Way and north of Santa Fe Court. Zone 1 of\nCFD No. 2022-1 is located in the southeast corner of Evans Road and Lemon\nAvenue and Zone 2 is at the northwest corner of E Nuevo Road and Evans\nRoad.\nThe Proposed Resolution Numbers (next in order) are entitled:\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PERRIS\nACTING FOR THE CITY AND IN ITS CAPACITY AS THE LEGISLATIVE\nBODY OF COMMUNITY FACILITIES DISTRICT NO. 2021-1 (AVION\nPOINTE/ACACIA) OF THE CITY OF PERRIS, AUTHORIZING THE\nISSUANCE OF BONDED INDEBTEDNESS IN AN AGGREGATE\nPRINCIPAL AMOUNT NOT TO EXCEED $2,500,000 TO FINANCE\nPUBLIC FACILITIES AND FEES FOR FACILITIES, PERMITTING THE\nAgenda 02-25-2025\nPage 5 of 9\nPURCHASE OF SUCH BONDS BY THE PERRIS JOINT POWERS\nAUTHORITY, AND APPROVING CERTAIN DOCUMENTS AND\nTAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PERRIS\nACTING FOR THE CITY AND IN ITS CAPACITY AS THE LEGISLATIVE\nBODY OF COMMUNITY FACILITIES DISTRICT NO. 2022-1\n(WILLOWBEND) OF THE CITY OF PERRIS, AUTHORIZING THE\nISSUANCE OF BONDED INDEBTEDNESS IN AN AGGREGATE\nPRINCIPAL AMOUNT NOT TO EXCEED $14,500,000 TO PUBLIC\nFINANCE FACILITIES AND FEES FOR FACILITIES, PERMITTING THE\nPURCHASE OF SUCH BONDS BY THE PERRIS JOINT POWERS\nAUTHORITY, AND APPROVING CERTAIN DOCUMENTS AND\nTAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH\nA RESOLUTION OF THE PERRIS JOINT POWERS AUTHORITY\nAUTHORIZING THE ISSUANCE AND SALE OF NOT TO EXCEED\n$17,000,000 OF ITS PERRIS JOINT POWERS AUTHORITY LOCAL\nAGENCY REVENUE BONDS (CFD NOS. 2021-1 AND 2022-1), 2025\nSERIES, THE PURCHASE OF CERTAIN LOCAL OBLIGATION BONDS\nOF THE RESPECTIVE COMMUNITY FACILITIES DISTRICTS WITH\nTHE PROCEEDS OF THE AUTHORITY’S BONDS TO FUND CERTAIN\nFACILITIES AND INCIDENTAL EXPENSES UPON CERTAIN TERMS\nAND CONDITIONS, AND APPROVING CERTAIN DOCUMENTS AND\nOTHER ITEMS RELATING THERETO\nIntroduced by: Director of Finance Matthew Schenk\nPUBLIC COMMENT