HomeMy WebLinkAbout2022-04-05 - Minutes April 5, 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,April
5, 2022 in Council Chambers, 10500 Civic Center Drive, Rancho Cucamonga, California. L. Dennis Michael
called the meetings to order at 6:01 p.m.
Present were Members: L. Dennis Michael, Lynne Kennedy, Kristine Scott and Linda Daniels.
Absent: Francisco Oaxaca
Also present were: Lori Sassoon, Deputy City Manager/Administrative Services, Noah Daniels, Finance
Director, Patricia Bravo-Valdez, Acting Secretary and Nicholas Ghirelli, Legal Counsel.
Linda Daniels 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:March 8,2022.
D2. Consideration of Agreements for Legal Services with Richards, Watson &Gershon and Best Best& Krieger.
(EIFD)
MOTION: Moved by Board Member Scott, seconded by Vice Chair Kennedy, to approve Consent Calendar items
D1 and D2, with Board Member Daniels abstaining on item D1, due to her absence at the March 8, 2022 meeting.
Motion carried, 4-0-1; Absent: Oaxaca.
E. ITEMS FOR DISCUSSION
El. Presentation of the Infrastructure Financing Plan and Receive Comments Related to the Rancho
Cucamonga Enhanced Infrastructure Financing District(EIFD)and Infrastructure Financing Plan (PFA).
Finance Director Daniels introduced Joseph Dieguez, Senior Vice President of Kosmont Companies, who gave a
report and provided a presentation on the Enhanced Infrastructure Financing Plan.
In response to questions from the Board, Mr. Dieguez reviewed the fiscal analysis, agencies in the EIFD process
and the potential of RC EIFD participation from the County of San Bernardino.
Finance Director Daniels reviewed next steps of the RC EIFD formation process and upcoming public hearing dates.
No action taken by the Board.
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F. ADJOURNMENT
The meeting adjourned at 6:38 p.m.
Respectfully submitted,
fAk4?b5a4/11--*(A6.
atricia Bravo-Valdez, MMC
Acting Secretary
Approved: May 10, 2022, Special Meeting
April 5, 2022 I Rancho Cucamonga EIFD Public Financing Authority
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