City Council

16.\nAdopt Resolutions and Introduce Ordinance to Form Temecula Public Financing Authority\nCommunity Facilities District No. 25-01 (Elderberry Park)\nRecommendation:\nThat the Board of Directors (“Board) of the Temecula Public Financing\nAuthority (“Authority”) and City Council of the City of Temecula ("City\nCouncil") hold a public hearing regarding the formation of the proposed\nTemecula Public Financing Authority Community Facilities District No.\n25-01 (Elderberry Park) (“CFD”), the levy of special taxes in the CFD,\nand the issuance of bonds by the Authority for the CFD, and take the\nfollowing actions:\n1. That the Board adopt the resolutions entitled:\nRESOLUTION NO. TPFA\nA RESOLUTION OF THE BOARD OF DIRECTORS OF THE\nTEMECULA PUBLIC FINANCING AUTHORITY OF FORMATION\nOF TEMECULA PUBLIC FINANCING AUTHORITY COMMUNITY\nFACILITIES DISTRICT NO. 25-01 (ELDERBERRY PARK),\nAUTHORIZING THE LEVY OF A SPECIAL TAX WITHIN THE\nDISTRICT,\nAND\nPRELIMINARILY\nESTABLISHING\nAN\nAPPROPRIATIONS LIMIT FOR THE DISTRICT\nRESOLUTION NO. TPFA\nA RESOLUTION OF THE BOARD OF DIRECTORS OF THE\nTEMECULA PUBLIC FINANCING AUTHORITY DETERMINING\nTHE NECESSITY TO INCUR BONDED INDEBTEDNESS OF THE\nTEMECULA PUBLIC FINANCING AUTHORITY COMMUNITY\nFACILITIES DISTRICT NO. 25-01 (ELDERBERRY PARK) AND\nCALLING AN ELECTION\n2. That the Board hold an election regarding the CFD and adopt a\nresolution entitled:\nRESOLUTION NO. TPFA\nA RESOLUTION OF THE BOARD OF DIRECTORS OF THE\nTEMECULA PUBLIC FINANCING AUTHORITY DECLARING\nRESULTS OF SPECIAL ELECTION AND DIRECTING RECORDING\nOF NOTICE OF SPECIAL TAX LIEN - COMMUNITY FACILITIES\nDISTRICT NO. 25-01 (ELDERBERRY PARK)\n3. That the Board introduce an ordinance entitled:\nORDINANCE NO. TPFA\nAN ORDINANCE OF THE BOARD OF DIRECTORS OF THE\nTEMECULA PUBLIC FINANCING AUTHORITY LEVYING\nSPECIAL TAXES WITHIN TEMECULA PUBLIC FINANCING\nAUTHORITY COMMUNITY FACILITIES DISTRICT NO. 25-01\n(ELDERBERRY PARK)\n4. That the City Council adopt a resolution entitled:\nRESOLUTION NO.\nA RESOLUTION OF THE CITY COUNCIL OF THE CITY OF\nTEMECULA APPROVING A JOINT COMMUNITY FACILITIES\nAGREEMENT RELATING TO THE FINANCING OF PUBLIC\nIMPROVEMENTS\nAttachments:\nTPFA Resolution - Formation\nCFD 25-01 (Elderberry Park) Report - Final\nTPFA Resolution - Incur Bonded Indebtedness and Calling Election\nTPFA Resolution - Declaring Election Results\nTPFA Ordinance - Levying Special Taxes\nCC Resolution - Approving Joint Community Facilities Agreement\nJoint Community Facilities Agreement