HomeMy WebLinkAbout2022-03-08 - Minutes March 8, 2022
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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,
March 8, 2022 in Council Chambers, 10500 Civic Center Drive, Rancho Cucamonga, California. L. Dennis
Michael called the meeting to order at 6:01 p.m.
Present were Members: L. Dennis Michael, Lynne Kennedy, Francisco Oaxaca and Kristine Scott.
Excused: Linda Daniels
Also present were: Lori Sassoon, Deputy City Manager/Administrative Services, Noah Daniels, Finance
Director, Linda A. Troyan, City Clerk Services Director and Robin Harris, Legal Counsel (arrived at 6:06pm).
Lynne Kennedy led the Pledge of Allegiance.
B. ANNOUNCEMENT / PRESENTATIONS
B1. Administration of Oath of Office to the Rancho Cucamonga EIFD Public Financing Authority Board
Members.
Linda Troyan, City Clerk Services Director, administered the Oath of Office to the following members:
L. Dennis Michael, Lynne Kennedy, Francisco Oaxaca and Kristine Scott.
C. ITEMS FOR DISCUSSION
Cl. Consideration of Adoption of Bylaws, and Establishing the Time and Place of Regular Meetings.
Finance Director Daniels introduced Lori Sassoon, Deputy City Manager, who gave the Staff Report and reviewed
the adoption of Bylaws and schedule of regular meetings of the Rancho Cucamonga EIFD Public Financing
Authority.
The Bylaws designate the Chair to be the current Mayor of the City of Rancho Cucamonga, L. Dennis Michael; and
the Vice-Chair to be the member of the Board of Directors who is representing the Rancho Cucamonga Fire
Protection District, Lynne Kennedy.
MOTION: Moved by Vice Chair Kennedy, seconded by Board Member Scott, to approve Consent Calendar item
C1. Motion carried, 4-0-1; Absent: Daniels.
C2. Overview of the Enhanced Infrastructure Financing District. (Verbal Report)
Finance Director Daniels introduced Joseph Dieguez, Senior Vice President of Kosmont Companies, who gave a
verbal report and provided an overview of the Enhanced Infrastructure Financing District.
C3. Consideration to Direct the Preparation of the Infrastructure Financing Plan and Overview of the Infrastructure
Financing Plan Adoption Schedule.
Finance Director Daniels provided a Staff Report on the preparation of an Infrastructure Financing Plan and an
overview of the adoption schedule.
MOTION: Moved by Board Member Oaxaca, seconded by Board Member Scott, to direct the Executive Director of
the Authority to prepare the Infrastructure Financing Plan and Receive the Overview of the Infrastructure Financing
Plan Adoption Schedule. Motion carried, 4-0-1; Absent: Daniels.
D. PUBLIC COMMUNICATIONS
None.
March 8, 2022 I Rancho Cucamonga EIFD Public Financing Authority
Meeting Minutes I Page 1 of 2
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E. ADJOURNMENT
The meeting adjourned at 6:31 p.m.
Respectfully submitted,
04(
A. Troyan, MMC
1 / Secretary
Approved: April 5, 2022—Special Meeting
March 8, 2022 I Rancho Cucamonga EIFD Public Financing Authority
Meeting Minutes I Page 2 of 2