City Council

E. Consideration to adopt Proposed Resolution Numbers (next in order) of the\nCity of Perris and the Perris Joint Powers Authority approving the re-\nfinancing and issuance of bonds associated with Community Facilities\nDistrict Nos. 2001-1, 2002-1 and 2006-1 to refund outstanding bonds.\nCFD No. 2001-1 Improvement Area No. 1, 2 & 3 are generally bounded by\nthe Perris Valley Storm Channel, to the east by Evans Road and to the north\nby Rider Street. CFD No. 2002-1 is generally bounded by Orange Avenue\nand Redlands Avenue and Orange Avenue and Murrieta Road. CFD No.\n2006-1 is generally located at Evans Road and Nuevo Road. The\nProposed Resolution Numbers (next in order) are entitled: A\nRESOLUTION OF THE CITY COUNCIL OF THE CITY OF PERRIS\nACTING FOR THE CITY AND IN ITS CAPACITY AS THE\nLEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NOS.\n2001-1 (MAY FARMS), 2002-1 (WILLOWBROOK AND 2006-1\n(MERITAGE HOMES) OF THE CITY OF PERRIS, AUTHORIZING\nTHE ISSUANCE OF BONDED INDEBTEDNESS IN AN INITIAL\nPRINCIPAL AMOUNT NOT TO EXCEED $15,000,000 TO REFINANCE\nCERTAIN PRIOR BONDS OF THE EACH DISTRICT, PERMITTING\nTHE PURCHASE OF SUCH BONDS BY THE PERRIS JOINT POWERS\nAUTHORITY, AND APPROVING CERTAIN DOCUMENTS AND\nTAKING CERTAIN OTHER ACTIONS IN CONNECTION\nTHEREWITH