HomeMy WebLinkAbout2022-07-19 - Minutes July 19, 2022
RANCHO CUCAMONGA
EIFD PUBLIC FINANCING AUTHORITY MEETING MINUTES
A. CALL TO ORDER
The Rancho Cucamonga EIFD Public Financing Authority Meeting held a Special Meeting on Tuesday, July
19, 2022 in the Council Chambers, 10500 Civic Center Drive, Rancho Cucamonga, California. Chair Michael
called the meeting to order at 6:00 p.m.
Present were Members: Dennis Michael, Lynne Kennedy, Linda Daniels, Francisco Oaxaca, and Kristine
Scott.
Also present were: Lori Sassoon, Deputy City Manager/Administrative Services and Patricia Bravo-Valdez,
Acting Secretary.
Board Member Oaxaca led the Pledge of Allegiance.
B. ANNOUNCEMENT / PRESENTATIONS
None.
C. PUBLIC COMMUNICATIONS
None.
D. CONSENT CALENDAR
D1. Consideration of Meeting Minutes for the Special Meeting of: June 14, 2022.
D2. Consideration of Resolution Designating the Executive Director as the Authority to Executive Agreements and
Providing for the Rancho Cucamonga EIFD Public Financing Authority to Reimburse the City for Costs Incurred
by the Rancho Cucamonga Enhanced Infrastructure Financing District. (PFA Resolution No. 2022-02) (EIFD)
MOTION: Moved by Vice Chair Kennedy, seconded by Board Member Oaxaca,to approve Consent Calendar items
D1 and D2, with Board Member Daniels abstaining on item D1. Motion carried, 5-0.
E. ITEMS FOR DISCUSSION — None.
F. ADVERTISED PUBLIC HEARINGS ITEM(S)
F1. Conduct a Public Hearing to Consider the Protest Proceeding for the Rancho Cucamonga Enhanced
Infrastructure Financing District (EIFD), and Based on the Results, Consider a Resolution to (1) Adopt the
Infrastructure Financing Plan (IFP); and (2) Form the EIFD; and (3) Certain Other Actions Relating Thereto.
(PFA Resolution No. 2022-03)
City of Rancho Cucamonga Finance Director Daniels provided a Staff Report.
Chair Michael opened the Public Hearing.
Chair Michael inquired if any landowners or residents within the boundary of the proposed EIFD that wish to
comment or object the approval of the Infrastructure Financing Plan and formation of the EIFD.
Acting Secretary Bravo-Valdez announced that no objections were received in writing.
There were no public communications.
Chair Michael closed the Public Hearing.
Acting Secretary Bravo-Valdez announced there were no landowners or residents in the proposed EIFD who filed
written or oral protests to the formation of the EIFD or the adoption of the Infrastructure Financing Plan prior to the
close of the public hearing.
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Meeting Minutes I Page 1
Chair Michael announced that with the total of combined number of landowners and residents who filed written or
oral protests being less than 25 percent of the combined number eligible landowners and residents in the EIFD, no
election is required and the Public Financing Authority may move to form the Enhanced Infrastructure Financing
District(EIFD) and adopt the Infrastructure Plan.
MOTION: Moved by Board Member Oaxaca, seconded by Board Member Daniels, to approve Resolution No. PFA
2022-03, adopting the Infrastructure Financing Plan for the Rancho Cucamonga enhanced infrastructure financing
district, forming the Rancho Cucamonga Enhanced Infrastructure Financing District, and authorizing certain other
actions related thereto. Motion carried, 5-0.
G. ADJOURNMENT - The meeting adjourned at 6:07 p.m.
Approved: May 2, 2023
Va tricia Bravo-Val ez, MMC
Acting Secretary
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Meeting Minutes I Page 2