Agenda packet — Beaumont City Council, December 19, 2023 (part 6 of 8)

Highest and Best Use 65
In the case of undeveloped land under development, consideration must be given to whether it makes sense to demolish existing improvements (either on -site or off -site improvements) for replacement with another use. The time and expense to demolish existing improvements, re -grade, reroute utilities or re -map must be weighed against alternative uses. If the existing or proposed improvements are not performing well, then it may produce a higher return to demolish existing improvements, if any, and re -grade the site for development of an alternative use.

Based on the current condition, the improvements completed contribute to the overall property value, including those lots with home construction underway. The value of the subject property as improved exceeds its value as vacant less demolition. The highest and best use of the subject property as improved is for completion of the last remaining single-family homes and lots.

Probable Buyer
The probable buyer of the subject property (as vacant and improved single-family residential lots) is a merchant builder. The probable buyer of the completed homes are individual homeowners. irr
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Valuation Methodology 66
Valuation
Valuation Methodology
Appraisers usually consider three approaches to estimating the market value of real property. These are the cost approach, sales comparison approach and the income capitalization approach.

The cost approach assumes that the informed purchaser would pay no more than the cost of producing a substitute property with the same utility. This approach is particularly applicable when the improvements being appraised are relatively new and represent the highest and best use of the land or when the property has unique or specialized improvements for which there is little or no sales data from comparable properties.

The sales comparison approach assumes that an informed purchaser would pay no more for a property than the cost of acquiring another existing property with the same utility. This approach is especially appropriate when an active market provides sufficient reliable data. The sales comparison approach is less reliable in an inactive market or when estimating the value of properties for which no directly comparable sales data is available. The sales comparison approach is often relied upon for owner -user properties.

The income capitalization approach reflects the market's perception of a relationship between a property's potential income and its market value. This approach converts the anticipated net income from ownership of a property into a value indication through capitalization. The primary methods are direct capitalization and discounted cash flow analysis, with one or both methods applied, as appropriate. This approach is widely used in appraising income -producing properties.

Additional analyses often undertaken in the valuation of subdivisions include extraction, land residual analysis, and the subdivision development method.

Reconciliation of the various indications into a conclusion of value is based on an evaluation of the quantity and quality of available data in each approach and the applicability of each approach to the property type.

The methodology employed in this assignment is summarized as follows:

Approaches to Value
Approach
Applicability to Subject Use in Assignment
Cost Approach Not Applicable Not Utilized
Sales Comparison Approach Applicable Utilized
Income Capitalization Approach Not Applicable Not Utilized Fairway Canyon (Phase 4)

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Market Valuation - Floor Plans 67
Market Valuation - Floor Plans
The market values of the subject's floor plans are estimated in this section. The objective of the analyses is to estimate the base price per floor plan, net of incentives, upgrades and lot premiums.

Incentives can take the form of direct price reductions or non -price incentives such as upgrades or non -recurring closing costs. The base price pertains to the typical lot size within each product line. The sales comparison approach to value is employed in order to establish the market values for each floor plan.

This approach is based on the economic principle of substitution. According to The Appraisal of Real Estate, 14th Edition (Chicago: Appraisal Institute, 2013), "The principle of substitution holds that the value of property tends to be set by the cost of acquiring a substitute or alternative property of similar utility and desirability within a reasonable amount of time." The sales comparison approach is applicable when there are sufficient recent, reliable transactions to indicate value patterns or trends in the market.

The proper application of this approach requires obtaining recent sales data for comparison with the appraised properties. In order to assemble the comparable sales, we searched public records and other data sources for leads, then confirmed the raw data obtained with parties directly related to the transactions (primarily brokers, buyers and sellers).

For this analysis, we will estimate the market value of the smallest floor plan offered within each product line (not -less -than value) in CFD No. 2021-1, as of the date of value, November 1, 2023, to applied to those lots with completed single-family homes without a complete assessed improvement value.

The floor plans analyzed herein are summarized in the following table.

Floor Plan Summary
Living Typical Lot Developer's Base
Floor Plan Area (SF) Bedroom Bathroom Stories Garage
RidgeView 1,432 2 2.0 One 2 -Car 3,800 N/Av Sold Out
Augusta 1,342 3 2.0 One 2 -Car 4,500 N/Av Sold Out
Seasons 2,370 4 3.0 Two 2 -Car 4,950 $544,990
Size (SF) Price Comments
A summary of the most recent comparable sales within the city of Beaumont are included in the following table.

Comparable Home Sale Summary
Contract Close of Living Area Lot Size
No. Address Date Sale Price Escrow (SF) Bedroom Bathroom Garage Year Built (SF) 1 35433 Price St 3/15/2023 $462,331 10/13/2023 1,541 3 2 2 -Car 2023 6,180 2 35373 Price St 7/17/2023 $474,445 9/22/2023 1,342 3 2.0 2 -Car 2023 4,916 3 14082 Casetta Dr 6/11/2023 $493,615 8/24/2023 1,564 3 2.0 2 -Car 2023 7,049 4 11645 0meara Way 7/28/2023 $477,212 8/29/2023 1,342 3 2.0 2 -Car 2023 5,763 5 36967 Frantoio St 7/31/2023 $520,990 9/27/2023 2,114 4 3.0 2 -Car 2023 5,749 6 36964 Frantoio St 6/7/2023 $549,940 8/24/2023 2,399 4 3.0 2 -Car 2023 5,227 7 35280 Sorensta m Dr 9/14/2023 $560,818 10/19/2023 2,259 4 3.0 2 -Car 2023 8,798 8 14051 Hera PI 8/26/2023 $541,990 9/29/2023 2,261 4 3.0 2 -Car 2023 7,375 Fairway Canyon (Phase 4)

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Market Valuation — Floor Plans
68 Discussion of Adjustments
The sales are compared to the subject and adjusted to account for material differences that affect value. Adjustments are considered for the following factors, in the sequence shown below.

Adjustment Factor
Accounts For
Comments
Total Consideration
Upgrades and
Incentives
Real Property Rights
Financing Terms
Conditions of Sale
The appraised properties are
analyzed based on the total
consideration of home price and
the assumption of bonds, if any.

Bond debt has a direct impact on
the amount for which the end
product will sell.

The objective of the analysis is to
estimate the base price per floor
plan, net of incentives. Incentives
can take the form of direct price
reductions or non -price incentives
such as upgrades or non -recurring
closing costs.

Leased fee, fee simple, leasehold,
partial interest, etc.

Seller financing, or assumption of
existing financing, at non -market
terms.

Extraordinary motivation of buyer
or seller.

While an analysis of the market
suggests the full impact of the Lien
is not captured in the market (e.g.,
a homebuyer is not willing to pay
the equivalent of the outstanding
Lien in the purchase price of a
home, all else being equal), there
is, nonetheless, a difference in
value attributable to the difference
in Bond encumbrance. All of the
comparables are encumbered by
bonds; thus, to account for any
differences, we have calculated the
annual tax payments over a typical
holding period of 7 years, with a

4.5% interest (yield) rate.

Incentives and upgrades included
in the sales have been considered
in this analysis.

All of the comparables represent
fee simple estate transactions.

Therefore, consideration for this
factor is not necessary.

No consideration is required for
this factor.

All of the comparable transactions
represent arm's -length, market
transactions.

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Market Valuation — Floor Plans
69 Adjustment Factor
Accounts For
Comments
Market Conditions
(Date of Sale, Phase
Adjustment)
Location
Changes in the economic
environment over time that affect
the appreciation and depreciation
of real estate.

Market or submarket area
influences on sale price;
surrounding land use influences.

Location is a very important factor
to consider when making
comparisons. The comparables
need not be in the same
neighborhood but should be in
neighborhoods that offer the same
advantage and have, in general,
the same overall desirability to the
most probable buyer or user.

As demonstrated in the previous
market analysis section, new home
pricing on a dollar per square foot
basis has been fluctuating over the
past twelve months in Ventura
County, as well as within the
region overall. All of the
comparables sales have transferred
in similar market conditions and no
adjustments are warranted for this
element of comparison.

The comparables are located
within the City of Beaumont and no
consideration is warranted for this
category.

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Market Valuation — Floor Plans
70 Adjustment Factor
Accounts For
Comments
Community Appeal In addition to market location
adjustments, we consider
community appeal adjustments.

Even within a specific market
location, often specific community
characteristics influence sale
prices. Often, prices on one street
may be significantly higher or
lower than the next, despite similar
home characteristics. Community
characteristics that may influence
sale prices include a gated amenity
or the condition of surrounding
development.

Lot Size The lot size adjustment pertains to
the differences between the
subject property's typical lot size
and comparables with either larger
or smaller lots. It does not include
any lot premium adjustments,
which are adjusted for separately.

The amount of the adjustment
used in the comparison of the base
lot sizes comes from a survey of
premiums paid for larger lots.

Lot Properties sometimes achieve
Premiums/Discounts premiums for corner or cul-de-sac
positioning, or proximity to open
space or views. Adjustments for lot
position premiums would be in
addition to lot size adjustments.

Design and Appeal Design and appeal of a floor plan is
consumer specific. One exterior
may appeal to one buyer, while
another appeal to a different
buyer. These types of features for
new homes with similar functional
utility are not typically noted in the
base sales prices.

All of the comparables are located
within similar master planned
communities and do not require
adjustments.

Considering the average lot size
adjustment factors indicated by the
comparable sales utilized in this
analysis, a lot size adjustment
factor of $7.00/SF is considered
reasonable for the subject's
residential lots. This figure is
supported by our observations of
sales in the subject's market area.

Appropriate adjustments are
applied based upon information
provided by sales agents with
regard to lot premiums.

All of the comparables are similar
to the subject in regard to design
and appeal. Thus, no adjustments
are warranted for this element of
comparison.

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Market Valuation — Floor Plans
71 Adjustment Factor
Accounts For
Comments
Quality of Construction
Age/Condition
Construction quality can differ
from slightly to substantially
between projects and is noted in
the exterior and interior materials
and design features of a standard
unit. In terms of quality of
construction, the subject
represents good construction
quality.

Effective age; physical condition.

All of the comparable sales
feature similar construction quality
and do not require adjustments.

The sales represent new
construction with a similar
effective age as the subject
property; no consideration for
differences in age/condition is
necessary.

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Market Valuation — Floor Plans
72 Adjustment Factor
Accounts For
Comments
Functional Utility
Room/Bathroom Count
Ability to adequately provide for its
intended purpose.

For similar size units the
differences between room count is
a buyer preference. One buyer
might prefer two bedrooms and a
den versus a three -bedroom unit.

Extra rooms typically result in
additional building area and are
accounted for in the size
adjustment. Therefore, no
adjustments are made for number
of total rooms or bedrooms.

Most of the comparables represent
traditional detached single-family
residential construction on similar
lot size categories as the subject.

No adjustments are warranted for
this element of comparison.

Because bathrooms are a
functional item for each floor plan
and add substantial cost due to the
number of plumbing fixtures, an
adjustment is made for the
difference in the number of
fixtures between the subject and
the comparable sales. The
adjustment is based on an amount
of $5,000 per fixture (or half -bath)
and is supported by cost estimates
for an average quality home in the
Residential Cost Handbook,
published by the Marshall and
Swift Corporation. Considering the
fact that plumbing upgrades for
existing bathrooms generally range
from $5,000 to over $25,000 for
the various fixtures, the $5,000 per
fixture, or half -bath, is supported.

Consequently, a factor of $15,000
per full bath is also applied in our
analysis.

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Market Valuation — Floor Plans
73 Adjustment Factor
Accounts For
Comments
Unit Size/Living Area
Number of Stories
Parking/Garage
Landscaping
Units similar (in the same
development), except for size,
were compared to derive the
applicable adjustment for unit size.

Those used for comparison
purposes, are units within similar
projects. Units within the same
project were used since they have
a high degree of similarity in
quality, workmanship, design and
appeal. Other items such as a
single level or two-story designs,
number of bathrooms and number
of garage spaces were generally
similar in these comparisons, in
order to avoid other influences in
price per square foot. Where
differences exist, they are minor
and do not impact the overall
range or average concluded.

For similar size units, the
differences between the number
of stories is a buyer preference.

Typically, more stories result in
additional building area and are
accounted for in the size
adjustment.

Differences in garage spaces
typically affects value.

Included landscaping
The typical range indicated by the
paired units in this analysis
generally demonstrated a value
range from approximately $50 to
upwards of $100 per square foot.

Considering the information cited
above, a factor of $85 per square
foot is concluded to be appropriate
and reasonable for the difference
in living area between the subject
and the comparables, given the
quality of the product.

Two of the three subject floor plans
comprise single -story designs. In
current market conditions, single
story floor plans typically demand a
slight premium. As such,
consideration is given to story
differences.

The subject's floor plans and all of
the comparables offer two -car
garages.

The subject and all of the
comparables include only front
yard landscaping and adjustments
are not warranted.

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Market Valuation - Floor Plans 74
Adjustment Grids
The following grid reflects the aforementioned adjustments.

RidgeView
Project Information Subject Property Comparable 1 Comparable 2 Comparable 3 Comparable 4 Project Name Fairway Canyon Crown at Tournament Hills Augusta Olivewood Augusta Plan RidgeView Bristol Plan 1 Plan 1 Plan 1
Address/Lot Number 35433 Price St 35373 Price St 14082 Casetta Dr 11645 Omeara Way City/Area Beaumont Beaumont Beaumont Beaumont Beaumont
Price N/Ap $462,331 $474,445 $493,615 $477,212
Price Per SF N/Ap $300.02 $353.54 $315.61 $355.60
Special Taxes (7 -year hold at4.5%) $11,196 $13,907 $9,664 $5,227 $9,664 Adjustment $2,711 -$1,532 -$5,969 -$1,532
Adjusted Price (Including Bonds) $465,042 $472,913 $487,646 $475,680 Total Consideration per SF $301.78 $352.39 $311.79 $354.46 Data Source MIS MIS MIS MIS
Incentives N/Ap No $0 No $0 No $0 No $0
Upgrades Base No $0 No $0 No $0 No $0
Effective Base Sales Price $465,042 $472,913 $487,646 $475,680 Adjustments: Factor Description +/(-) Description +/(-) Description +/(-) Description +/(-) Property Rights Fee Simple Similar Similar Similar Similar Financing Terms Cash Equivalent Similar Similar Similar Similar Conditions of Sale Market Market Market Market Market
Market Conditions
Contract Date MV 11/1/2023 3/15/2023 7/17/2023 6/11/2023 7/28/2023 Project Location Beaumont Beaumont Beaumont Beaumont Beaumont Community Appeal Average Similar Similar Similar Similar Lot Size $7.00 3,800 6,180 ($16,660) 4,916 ($7,812) 7,049 ($22,743) 5,763 ($13,741) Lot Premium N/Ap Similar Similar Similar Similar
Design and Appeal Good Similar Similar Similar Similar
Quality of Construction Good Similar Similar Similar Similar Age (Total/Effective) New Similar Similar Similar Similar Condition Good/New Similar Similar Similar Similar
Functional Utility Average Similar Similar Similar Similar Room Count
Bedrooms 2 3 3 3 3
Baths $15,000 2.0 2.0 $0 2.0 $0 2.0 $0 2.0 $0
Uving Area (SF) $85.00 1,432 1,541 ($9,265) 1,342 $7,650 1,564 ($11,220) 1,342 $7,650 Number of Stories One One One One One
Heating/Cooling Central/Forced Similar Similar Similar Similar Garage $15,000 2 -Car 2 -Car 2 -Car 2 -Car 2 -Car
Landscaping Front Similar Similar Similar Similar
Pool/Spa None Similar Similar Similar Similar
Patios/Decks Patio Similar Similar Similar Similar
Fencing Rear Similar Similar Similar Similar
Fireplace(s) $8,000 None None None None None
Kitchen Equipment Average Similar Similar Similar Similar Other None Similar Similar Similar Similar
Gross Adjustments
Net Adjustments
Adjusted Retail Value
Conduded Retail Value $460,000
Indicated Value Per SF $321.23
$25,925 $15,462 $33,963 $21,391
($25,925) ($162) ($33,963) ($6,091)
$439,117 $472,751 $453,683 $469,589
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Market Valuation - Floor Plans 75
Augusta
Project Information Subject Property Comparable 1 Comparable 2 Comparable 3 Comparable 4 Project Name Fairway Canyon Crown at Tournament Hills Augusta Ol ivewood Augusta Plan Augusta Bristol Plan 1 Plan 1 Plan 1
Address/Lot Number 35433 Price St 35373 Price St 14082 Casetta Dr 11645 Omeara Way City/Area Beaumont Beaumont Beaumont Beaumont Beaumont
Price N/Ap $462,331 $474,445 $493,615 $477,212
Price Per SF N/Ap $300.02 $353.54 $315.61 $355.60
Special Taxes (7 -year hold at4.5%) $12,015 $13,907 $9,664 $5,227 $9,664 Adjustment $1,892 -$2,351 -$6,788 -$2,351
Adjusted Price (Including Bonds) $464,223 $472,094 $486,827 $474,861 Total Consideration per SF $301.25 $351.78 $311.27 $353.85 Data Source MLS MLS MLS MLS
Incentives N/Ap No $0 No $0 No $0 No $0
Upgrades Base No $0 No $0 No $0 No $0
Effective Base Sales Price $464,223 $472,094 $486,827 $474,861 Adjustments: Factor Description +/(-) Description +/(-) Description +/(-) Description +/(-) Property Rights Fee Simple Similar Similar Similar Similar Financing Terms Cash Equivalent Similar Similar Similar Similar Conditions of Sale Market Market Market Market Market
Market Conditions
Contract Date MV 11/1/2023 3/15/2023 7/17/2023 6/11/2023 7/28/2023 Project Location Beaumont Beaumont Beaumont Beaumont Beaumont Community Appeal Average Similar Similar Similar Similar Lot Size $7.00 4,500 6,180 ($11,760) 4,916 ($2,912) 7,049 ($17,843) 5,763 ($8,841) Lot Premium N/Ap Similar Similar Similar Similar
Design and Appeal Good Similar Similar Similar Similar
Quality of Construction Good Similar Similar Similar Similar Age (Total/Effective) New Similar Similar Similar Similar Condition Good/New Similar Similar Similar Similar
Functional Utility Average Similar Similar Similar Similar Room Count
Bedrooms 3 3 3 3 3
Baths $15,000 2.0 2.0 $0 2.0 $0 2.0 $0 2.0 $0
Living Area (SF) $85.00 1,342 1,541 ($16,915) 1,342 $0 1,564 ($18,870) 1,342 $0 Number of Stories One One One One One
Heating/Cooling Central/Forced Similar Similar Similar Similar Garage $15,000 2 -Car 2 -Car 2 -Car 2 -Car 2 -Car
Landscaping Front Similar Similar Similar Similar
Pool/Spa None Similar Similar Similar Similar
Patios/Decks Patio Similar Similar Similar Similar
Fencing Rear Similar Similar Similar Similar
Fireplace(s) $8,000 None None None None None
Kitchen Equipment Average Similar Similar Similar Similar Other None Similar Similar Similar Similar
Gross Adjustments
Net Adjustments
Adjusted Retail Value
$28,675 $2,912 $36,713 $8,841
($28,675) ($2,912) ($36,713) ($8,841)
$435,548 $469,182 $450,114 $466,020
Concluded Retail Value $450,000
Indicated Value Per SF $335.32
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Market Valuation - Floor Plans 76
Seasons
Project Information Subject Property Comparable 5 Comparable 6 Comparable 7 Comparable 8 Project Name Fairway Canyon Olivewood Olivewood Augusta Olivewood Plan Seasons Plan 14 Plan 15 Plan 6 Plan 6
Address/Lot Number 36967 Frantoio St 36964 Frantoio St 35280 Sorenstam Dr 14051 Hera PI City/Area Beaumont Beaumont Beaumont Beaumont Beaumont
Price N/Ap $520,990 $549,940 $560,818 $541,990
Price Per SF N/Ap $246.45 $229.24 $248.26 $239.71
Special Taxes (7 -year hold at4.5%) $12,192 $6,494 $6,494 $12,051 $6,205 Adjustment -$5,698 -$5,698 -$141 -$5,987
Adjusted Price (Including Bonds) $515,292 $544,242 $560,677 $536,003 Total Consideration per SF $243.75 $226.86 $248.20 $237.06 Data Source MLS MLS MLS MLS
Incentives N/Ap No $0 No $0 No $0 No $0
Upgrades Base No $0 No $0 No $0 No $0
Effective Base Sales Price $515,292 $544,242 $560,677 $536,003 Adjustments: Factor Description +/(-) Description +/(-) Description +/(-) Description *Al Property Rights Fee Simple Similar Similar Similar Similar Financing Terms Cash Equivalent Similar Similar Similar Similar Conditions of Sale Market Market Market Market Market
Market Conditions
Contract Date MV 11/1/2023 7/31/2023 6/7/2023 9/14/2023 8/26/2023 Project Location Beaumont Beaumont Beaumont Beaumont Beaumont Community Appeal Average Similar Similar Similar Similar Lot Size $7.00 4,950 5,749 ($5,593) 5,227 ($1,939) 8,798 ($26,936) 7,375 ($16,975) Lot Premium N/Ap Similar Similar Similar Similar
Design and Appeal Good Similar Similar Similar Similar
Quality of Construction Good Similar Similar Similar Similar Age (Total/Effective) New Similar Similar Similar Similar Condition Good/New Similar Similar Similar Similar
Functional Utility Average Similar Similar Similar Similar Room Count
Bedrooms 4 4 4 4 4
Baths $15,000 3.0 3.0 $0 3.0 $0 3.0 $0 3.0 $0
living Area (SF) $85.00 2,370 2,114 $21,760 2,399 ($2,465) 2,259 $9,435 2,261 $9,265 Number of Stories Two Two Two Two Two
Heating/Cooling Central/Forced Similar Similar Similar Similar Garage $15,000 2 -Car 2 -Car 2 -Car 2 -Car 2 -Car
Landscaping Front Similar Similar Similar Similar
Pool/Spa None Similar Similar Similar Similar
Patios/Decks Patio Similar Similar Similar Similar
Fencing Rear Similar Similar Similar Similar
Fireplace(s) $8,000 None None None None None
Kitchen Equipment Average Similar Similar Similar Similar Other None Similar Similar Similar Similar
Gross Adjustments
Net Adjustments
Adjusted Retail Value
Concluded Retail Value $530,000
Indicated Value Per SF $223.63
$27,353 $4,404 $36,371 $26,240
$16,167 ($4,404) ($17,501) ($7,710)
$531,459 $539,838 $543,176 $528,293
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Market Valuation — Floor Plans 77
Conclusion of Home Values
Based on the analysis herein, the not -less -than market value conclusions for the subject's completed homes are summarized in the following table.

Floor Plan Value Conclusions
Living Typical Lot Concluded Base
Floor Plan Area (SF) Bedroom Bathroom Stories Garage Size (SF) Retail Value RidgeView 1,432 2 2.0 One 2 -Car 3,800 $460,000
Augusta 1,342 3 2.0 One 2 -Car 4,500 $450,000
Seasons 2,370 4 3.0 Two 2 -Car 4,950 $530,000
The conclusions above will be incorporated in the market value by ownership section at the end of this Appraisal Report.

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Land Residual Analysis 78
Land Residual Analysis
The land residual analysis is employed as an indicator of market value for the subject's benchmark lot size. The subject contains three lot size categories ranging in size from 3,800 to 4,950 square feet, with counts ranging from 62 to 167. For the purposes of this analysis, we will utilize a benchmark lot size of 4,500 square feet with a lot count of 101 lots (Planning Area 26B).

This valuation method is used in estimating land value when subdivision and development are the highest and best use of the land being appraised. All direct and indirect costs are deducted from an estimate of the anticipated gross sales price of the improved product; the resultant net sales proceeds are then discounted to present value at an anticipated rate over the development and absorption period to indicate the value of the land. The land residual analysis is conducted on a quarterly basis. As a discounted cash flow analysis, the land residual analysis consists of four primary components summarized as follows:

Revenue — the gross income is based on the sale of completed homes.

Absorption Analysis — the time frame required for sell off. Of primary importance in this analysis is the allocation of the revenue over the absorption period — including the estimation of an appreciation factor (if any).

Expenses — the expenses associated with the sell-off are calculated in this section — including direct and indirect construction costs, administration, marketing and commission costs, as well as taxes and special taxes (if any).

Discount Rate — an appropriate discount rate is derived employing a variety of data.

Discussions of these four concepts follows below, with the discounted cash flow analysis offered at the end of this section.

Revenue
The projected sales price for the average home within the project will vary, as the ultimate sales price is affected by unit size, location within the project, site influences, construction costs, anticipated premiums achievable at the point of retail sale, as well as external influences such as adjacent land uses.

Based on the Residential Market section of this report as well as current active projects within the subject, we estimate typical average -sized homes on the subject's benchmark lot (4,500 square feet) would contain approximately 2,000 square feet with a corresponding base price of $530,000. In addition to this amount, a model recapture is also considered. Based on the product line offered, four model homes are utilized to market the homes with upgrade costs of $75,000 per model. A model recapture of 35% is considered reasonable and reflected in this analysis. No lot premiums are anticipated for the subject property. The estimate of total revenue (provided in the following table) does not reflect market appreciation during the sellout, which is discussed as follows. irr
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Land Residual Analysis
79 Revenue & Expense Summary

REVENUE SUMMARY
Floor Plan
No. of
Units
Unit
Size (SF)
$/SF
Base Retail
Value Per Unit Extension
Average Unit
Model Recapture
(@ 35% of cost)
101 2,000 $265 $530,000 $53,530,000
101
2,000
(weighted avg.)
$105,000
Total Revenue $ 53,635,000
$531,040 /unit
Changes in Market Conditions (Price Increases or Decreases) The subject's market area has experienced rapid market appreciation in home prices for the past few years; however, since early 2022 the Federal Reserve Bank began raising the benchmark federal -funds rate (from near zero in early 2022) in an effort to manage rising inflation. The fed -funds rate is now

4.50 to 4.75%, which has resulted in a substantial rise in mortgage interest rates, which now average

6.0%. Market expectations are for additional rate increases. The rise in mortgage interest rates is anticipated to impact the affordability of homes for a certain segment of the homebuyer market, which may impact pricing in the near term. Consequently, under current market conditions, forecasting home appreciation during the absorption period is speculative, and several homebuilders surveyed indicate they typically do not trend/forecast home appreciation during the sell-off period.

Therefore, for purposes of this analysis, the home price revenue will be held constant during the selloff period.

Closing Projections
The typical time required for the construction of units has been approximately three to six months from start to closing. It is assumed that initial closings will occur within three to six months of the date of sale. The premise is that the builder constructs efficiently as homes are sold. These assumptions are reflected in the projected construction schedule shown in the land residual models at the end of this section. Since the land residual analysis is conducted on a quarterly basis, closings are reflected in the following period, as most construction will be substantially completed prior to initiation of sales.

Absorption
Typically, multiple product lines would be marketed in a subdivision to create characteristics appealing to as many potential purchasers as possible. Offering home products within a subdivision to different market segments is done with the aim of increasing absorption and reducing the overall development holding period for a project. Based on information presented in the residential market analysis section, as well as the subject's location and physical features, we estimate the subject property could achieve an absorption rate of 9-10 sales per quarter. With sales beginning in Period 1, the subject's lots sell out in Period 11, with Period 12 needed to complete construction and close escrow.

Expense Projections
As part of an ongoing effort to assemble market information, the following table reflects survey responses and developer budget information for numerous attached, single-family residential projects throughout California.

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Land Residual Analysis 80
Subdivision Budgets
Budget No. of
Avg. Home Typical Lot G&A%of Mkt & Sales %of Direct Indirect Indirect%of Site Permits& Cost per Profit%of Developer Classification Date Units Quality Size (SF) Size Revenue Revenue Costs/SF Costs/SF Direct Costs Costs/Lot Fees/Unit Model Revenue National 2023 85 Average 1,844 3,000 N/Av N/Av 596.00 N/Av N/Av $65,855 $48,588 N/Av N/Av National 2023 202 Average 2,342 7,250 N/Av N/Av $72.06 $11.06 15.35% $76,242 573,000 N/Av N/Av National 2023 276 Average 2,220 7,200 N/Av N/Av $74.96 $11.09 14.79% 583,185 532,800 $80,339 N/Av Regional 2023 52 Average 2,607 6,200 N/Av 5.80% 5101.86 $6.86 6.73% 5164,076 $73,595 N/Av 10.06% National 2023 177 Average 2,112 7,200 N/Av N/Av $77.91 $9.73 12.49% 5110,669 561,700 N/Av N/Av National 2023 85 Average 2,118 4,800 2.25% 2.25% 596.79 59.92 10.24% N/Av 588,700 N/Av N/Av National 2023 573 Average 2,327 5,232 N/Av N/Av $99.86 N/Av 2.50% $126,003 $98,422 N/Av 20.00% National 2022 150 Average 2,092 5,500 N/Av N/Av $92.11 N/Av N/Av 572,875 551,700 N/Av 20.5% National 2022 96 Average 2,346 7,350 N/Av N/Av $79.46 N/Av N/Av $124,544 $68,647 5164,265 N/Av Local 2022 91 Average 2,160 5,475 5.0% 1.0% 5117.00 N/Av N/Av N/Av $52,790 N/Av 10.0% National 2022 862 Average 2,176 5,306 N/Av N/Av $112.00 N/Av N/Av 5161,203 $52,801 N/Av N/Av National 2022 387 Average 1,771 5,000 6.0% 3.0% 5105.39 N/Av N/Av N/Av 543,000 N/Av 28.0% National 2022 187 Average 2,420 6,698 N/Av N/Av $95.00 N/Av N/Av 5255,045 577,870 N/Av N/Av Local 2022 99 Good 2,614 5,500 5.5% 1.2% $95-$105 N/Av N/Av 5100,600 548,599 5125,000 29.0% Regional 2022 49 Average 2,062 6,600 3.0% 3.9% 5104.63 N/Av N/Av $82,916 556,472 N/Av 20.9% Regional 2021 87 Average 1,978 6,500 N/Av N/Av 598.00 N/Av N/Av 596,759 563,947 N/Av N/Av Regional 2021 145 Average 2,109 5,775 4.2% 4.25 $79.86 $13.01 16.4% 594,951 537,659 554,000 6.8% Regional 2021 128 Average 2,009 2,565 3.0% 3.5% $87.42 516.63 19.0% N/Av 554,371 N/Av 14.0% Local 2021 36 Good 2,533 3,450 5.5% 6.6% $112.26 $5.53 4.9% N/Av $55,497 N/Av 15.0% National 2021 124 Average 1,753 6,723 N/Av N/Av 5102.12 N/Av N/Av 541,505 551,458 N/Av N/Av Local 2021 21 Average 2,010 6,050 N/Av N/Av 5102.50 N/Av N/Av 578,415 $44,500 N/Av N/Av Local 2021 12 Good 1,909 3,450 N/Av 1.4% $189.48 $31.64 16.7% 596,162 536,270 N/Av 20.094 Regional 2021 147 Average 2,200 3,825 N/Av N/Av 576.00 N/Av 7.0% $43,972 548,197 N/Av N/Av Regional 2021 72 Good 2,551 3,800 N/Av 7.4% 588.00 N/Av N/Av 5112,128 $63,610 N/Av 9.5% Regional 2020 81 Average 1,974 5,775 N/Av 2.5% 580.00 516.00 20% $83,788 581,336 N/Av N/Av Local 2020 51 Average 2,106 6,955 3.3% 4.0% 591.50 510.07 11% $122,885 566,000 $38,500 20.0% National 2020 14 Average 2,165 3,500 N/Av 3.2% $95.00 $11.02 12% N/Av 568,214 N/Av N/Av National 2020 48 Average 2,102 5,250 2.4% 6.1% $124.00 520.13 16% 5102,134 553,000 5126,000 16.1% Regional 2020 112 Average 2,060 6,300 4.6% 4.1% $80.23 N/Av 10% 586,830 563,400 5108,380 13.20% Regional 2020 30 Average 2,672 5,000 9.8% 6.3% $88.79 N/Av 10% 591,600 $62,730 N/Av 12.2% General and Administrative
These expenses consist of management fees, liability and fire insurance, inspection fees, appraisal fees, legal and accounting fees and copying or publication costs. This expense category typically ranges from 2.5% to 4.0%, depending on length of project and if all of the categories are included in a builder's budget. We have used 3.0% for general and administrative expenses.

Marketing and Sale
These expenses typically consist of advertising and promotion, closing costs, sales operations, and sales commissions. The expenses are expressed as a percentage of the gross sales revenue. The range of marketing and sales expenses typically found in projects within the subject's market area is 5.0% to

6.5%. A figure of 5%, is estimated in the marketing and sales expense category.

Property Taxes (Ad Valorem and Special Taxes)
The subject is located within an area with an effective tax rate of 1.32797%. This amount is applied to the estimated market values and divided by the total number of units to yield an estimate of ad valorem taxes/unit/year for each phase. The tax amounts are applied to unclosed inventory over the sell-off period. Property taxes are increased by 2% per year. Additionally, the subject will be encumbered by Special Taxes associated with the City of Beaumont CFD No. 2021-1 (Fairway Canyon).

The assigned special tax rates for the 2023/24 tax year are provided as follows.

Fairway Canyon (Phase 4)

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Land Residual Analysis 81
Special Tax Table (Fiscal Year 2023-2024)
Land Use Category
Building Square Footage Assigned Special Tax
Zone 1
Residential Property Less than 1,801 SF
Residential Property 1,801 - 2,000 SF
Residential Property 2,001 - 2,200 SF
Residential Property 2,201 - 2,400 SF
Residential Property 2,401 - 2,600 SF
Residential Property 2,601 - 2,800 SF
Residential Property Greater than 2,800 SF
Zone 2
Residential Property Less than 1,801 SF
Residential Property 1,801 - 2,000 SF
Residential Property 2,001 - 2,200 SF
Residential Property 2,201 - 2,400 SF
Residential Property 2,401 - 2,600 SF
Residential Property 2,601 - 2,800 SF
Residential Property Greater than 2,800 SF
Zone 3
Residential Property Less than 1,801 SF
Residential Property 1,801 - 2,000 SF
Residential Property 2,001 - 2,200 SF
Residential Property 2,201 - 2,400 SF
Residential Property 2,401 - 2,600 SF
Residential Property 2,601 - 2,800 SF
Residential Property Greater than 2,800 SF
Zone 4
Residential Property Less than 1,801 SF
Residential Property 1,801 - 2,000 SF
Residential Property 2,001 - 2,200 SF
Residential Property 2,201 - 2,400 SF
Residential Property 2,401 - 2,600 SF
Residential Property 2,601 - 2,800 SF
Residential Property Greater than 2,800 SF
$1,745 per unit
$1,845 per unit
$1,949 per unit
$2,045 per unit
$2,145 per unit
$2,245 per unit
$2,345 per unit
$1,545 per unit
$1,645 per unit
$1,815 per unit
$1,845 per unit
$1,945 per unit
$2,045 per unit
$2,145 per unit
$1,840 per unit
$1,930 per unit
$2,020 per unit
$2,110 per unit
$2,200 per unit
$2,290 per unit
$2,380 per unit
$1,640 per unit
$1,730 per unit
$1,820 per unit
$1,910 per unit
$2,000 per unit
$2,090 per unit
$2,180 per unit
Source: Rate and Method ofApportionment of Special Taxes HOA
A homeowner's association is in place for the subject. The HOA fee applicable to the subject property is $155 per home per month, which accounts for the projects gated community and substantial pool and community center amenities and will be utilized in the analysis.

Fairway Canyon (Phase 4)

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Land Residual Analysis 82
Permits and Fees
It is important to again note which fees the local market includes in the definition of an improved lot.

Though all of the fees above and on the previous page are due at or near building permit, the local market recognizes water fees, school fees, and impact fees as part of an improved lot value. Building permits are excluded from the improved lot value.

In this analysis, only building permits (estimated at $3,000 per unit) will be deducted, as the remaining impact fees are included in the definition of an improved lot. These estimates of building permits and fees are consistent with our experience with other new home projects throughout Southern California. Any DIF or impact fees not yet paid will be deducted from the improved lot value conclusion to derive an estimate of market value for the subject lots.

Direct and Indirect Construction Costs
Construction costs are generally classified into direct and indirect costs. Direct costs reflect the cost of labor and materials to build the project. Direct costs generally are lower per square foot for larger floor plans, all else being equal, due to economies of scale. Indirect items are the carrying costs and fees incurred in developing the project and during the construction cycle. Construction quality and market -segment are significant factors that affect direct construction costs. In addition, national/public builders, which are able to achieve lower costs due to the larger scale in which orders are placed, routinely achieve lower direct costs.

Recent conversations with homebuilders confirm construction costs have been decreasing over the last 12 months; consequently, based on the cost comparables, and considering the product lines under development, a direct cost estimates of $78 per square foot is applied to the 2,000 square foot.

Regarding indirect costs, the following list itemizes some of the typical components that generally comprise indirect costs:
• Architectural and engineering fees for plans, plan checks, surveys and environmental studies • Appraisal, consulting, accounting and legal fees
• The cost of carrying the investment in land and contract payments during construction. If the property is financed, the points, fees or service charges and interest on construction loans are considered
• All-risk insurance
• The cost of carrying the investment in the property after construction is complete, but before sell-out is achieved
• Developer fee earned by the project coordinator
• Interest reserve
Conversations with homebuilders indicate the indirect costs generally range anywhere from 10% to 15% of the direct costs (excluding marketing, sales, general and administrative expenses, taxes, which are accounted for separately). An estimate of 12% is considered reasonable for the subject.

Fairway Canyon (Phase 4)
LT

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Land Residual Analysis
83 Summary
The following charts summarize the revenue and expenses discussed on the preceding pages.

Revenue & Expense Summary

REVENUE SUMMARY
Floor Plan
No. of
Units
Unit
Size (SF)
Base Retail
$/SF Value Per Unit Extension
Average Unit
Model Recapture
(@ 35% of cost)
101 2,000 $265 $530,000 $53,530,000
$105,000
101
2,000
(weighted avg.)
Total Revenue $ 53,635,000
$531,040 /unit

EXPENSES SUMMARY
General and Administrative
Marketing and Sales
Ad Valorem Taxes
Direct Charges
Special Taxes/Assessments
Homeowner's Association Fees
Model Costs
Permits and Fees
Subtotal:

Direct Construction Costs (Before Appreciation)
Average/Typical Floor Plan

3.0% of total revenue

5.0% of total revenue
$3,070 /unit/year
$966 /unit/year
$2,012 /unit/year
$155 /unit/month
4 models
$
Total
1,609,050
2,681,750
310,081
146,595 (from cash flow)
305,279 (from cash flow)
277,605 (from cash flow)
300,000 $75,000 (per model)
303,000 $3,000 (per unit)
5,933,360
SF Units Cost SF Extension
2,000 101 $78.00 $ 15,756,000
Indirect Construction Costs 12% of Direct Costs
Subtotal:
$ 1,890,720
$ 17,646,720
Total Expenses Before Appreciation: $ 23,580,080
$156,000 /unit
$18,720 /unit
Developer's Incentive and Discount Rate
Developer's Incentive
When employing a land residual analysis, most market participants (homebuilders) analyze projects based on an expected increment of profit and a cost -of -funds discount rate. The developer's profit is expressed as a percent of sales revenue and is included as an expense deduction. The cost -of -funds rate is used to discount each year of net income to present value. This methodology differs from the subdivision development method, in which most market participants (typically land developers) employ a yield rate or internal rate of return (IRR) inclusive of developer's profit, and do not deduct profit as a line item expense.

According to industry sources, developer's incentive (profit) historically has ranged anywhere from 5% to 25%, with a predominate range of 5% to 15%. Profit is based on the perceived risk associated with the development. Low profit expectations are typical for projects focused on more affordable product with faster sales rates. Higher profit expectations are common in projects with more risk such as developments where sales rates are slower, project size produces an extended holding period or the product type is considered weak or untested.

Fairway Canyon (Phase 4)

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Land Residual Analysis 84
Elements affecting profit include location, supply/demand, anticipated risk, construction time frame and project type. Another element considered in profit expectations is for the development stage of a project. First phases typically generate a lower profit margin due to cautious or conservative pricing, as new subdivisions in competitive areas must become established to generate a fair market share.

Additionally, up front development costs on first phases can produce lower profit margins.

The prior table at the beginning of the Expense Projections discussion includes survey results for profit expectations of active home builders in the region. Based on the preceding discussion and developer surveys, a rate of 8% is considered reasonable for the subject's lots.

Discount Rate (Present Value Factor)
A discount rate will be employed to convert future cash flows to present value, thus reflecting the time value of money. We will employ a discount rate (present value factor) of 5.0% in the land residual analysis.

Conclusion
The land residual analysis is presented as follows:
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Fairway Canyon (Phase 4)

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Land Residual Analysis
85 Land Residual Analysis
Quarter:
1 2 3 4
6 7 8 9 10 11 12 Total

ABSORPTION
Sales
CI ose of Escrow (COE)
Unsold Inventory
10 10 9 9
0 10 10 9
9 9
9 9
9 9 9 9 9 0 101
9 9 9 9 9 101
101 91 81 72 63 54 45 36 27 18 9 0 0
5a l es Revenue (Before Appreci ati on) $ 5,310,396 $ 5,310,396 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ Total Sales Revenue (at Close of Escrow)

EXPENSES AND CASH FLOWS
General and Administrative 3.0%
Ma rketi ng a nd Sales 5.0%
Ad Valorem Taxes ($/unit/yr) $3,070
Direct Charges ($/unit/yr) $966
Special Taxes/Assessments ($/unit/yr) $2,012
Homeowner's Association Fees ($/unit/mo) $155
Model Costs
Permits and Fees
Subtotal:

Direct Construction Costs
Indirect Construction Costs
Subtotal:

Total Expenses
12%
$ - $ 5,310,396 $ 5,310,396 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 4,779,356 $ 53,635,000 (134,088)
(77,520)
(24,392)
(50,795)
(46,965)
(150,000)
(30,000)
(513,759)
(780,000)
(93,600)
(873,600)
(134,088) $ (134,088) $ (134,088) $ (134,088) $ (134,088) $ (134,088) $ (134,088) $ (134,088) $ (134,088) $ (134,088) $ (134,088) $ (1,609,050) (265,520) $ (265,520) $ (238,968) $ (238,968) $ (238,968) $ (238,968) $ (238,968) $ (238,968) $ (238,968) $ (238,968) $ (238,968) $ (2,681,750) (70,194) $ (62,793) $ (56,095) $ (49,329) $ (42,493) $ (35,588) $ (28,613) $ (21,567) $ (14,450) $ (7,261) $ - $ (465,902) (22,086) $ (19,758) $ (17,650) $ (15,521) $ (13,370) $ (11,198) $ (9,003) $ (6,786) $ (4,547) $ (2,285) $ - $ (146,595) (45,994) $ (41,145) $ (36,756) $ (32,322) $ (27,843) $ (23,319) $ (18,748) $ (14,132) $ (9,468) $ (4,758) $ - $ (305,279) (42,315) $ (37,665) $ (33,480) $ (29,295) $ (25,110) $ (20,925) $ (16,740) $ (12,555) $ (8,370) $ (4,185) $ - $ (277,605) (150,000) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ (300,000) (30,000) $ (27,000) $ (27,000) $ (27,000) $ (27,000) $ (27,000) $ (27,000) $ (27,000) $ (27,000) $ (27,000) $ - $ (303,000) (760,197) $ (587,967) $ (544,036) $ (526,522) $ (508,872) $ (491,085) $ (473,159) $ (455,095) $ (436,890) $ (418,544) $ (373,055) $ (6,089,181) (1,560,000) $ (1,482,000) $ (1,404,000) $ (1,404,000) $ (1,404,000) $ (1,404,000) $ (1,404,000) $ (1,404,000) $ (1,404,000) $ (1,404,000) $ (702,000) $(15,756,000) (187,200) $ (177,840) $ (168,480) $ (168,480) $ (168,480) $ (168,480) $ (168,480) $ (168,480) $ (168,480) $ (168,480) $ (84,240) $ (1,890,720) (1,747,200) $ (1,659,840) $ (1,572,480) $ (1,572,480) $ (1,572,480) $ (1,572,480) $ (1,572,480) $ (1,572,480) $ (1,572,480) $ (1,572,480) $ (786,240) $(17,646,720) (1,387,359) $ (2,507,397) $
(2,247,807) $ (2,116,516) $ (2,099,002) $ (2,081,352) $ (2,063,565) $ (2,045,639) $ (2,027,575) $ (2,009,370) $ (1,991,024) $ (1,159,295)
$(23,735,901)
NET INCOME BEFORE DEVELOPER'S INCENTNE $ (1,387,359) $ 2,802,999 $ 3,062,589 $ 2,662,840 $ 2,680,354 $ 2,698,005 $ 2,715,792 $ 2,733,717 $ 2,751,782 $ 2,769,987 $ 2,788,333 $ 3,620,061 $ 29,899,099 Total Project Incentive

NET INCOME (BEFORE DISCOUNTING)
Present Value Factors
Discount Rate (Present Value Factor)
Discounted Cash Flow
Net Present Value (Rounded)

8.00% $ - $ (424,832) $ (424,832) $ (382,349) $ (382,349) $ (382,349) $ (382,349) $ (382,349) $ (382,349) $ (382,349) $ (382,349) $ (382,349) $ (4,290,800) $ (1,387,359) $ 2,378,167 $ 2,637,757 $ 2,280,492 $ 2,298,006 $ 2,315,656 $ 2,333,443 $ 2,351,369 $ 2,369,433 $ 2,387,638 $ 2,405,984 $ 3,237,713 $ 25,608,299

5.00% 0.98765 0.97546 0.96342 0.95152 0.93978 0.92817 0.91672 0.90540 0.89422 0.88318 0.87228 0.86151 $ (1,370,231) $ 2,319,810 $ 2,541,263 $ 2,169,943 $ 2,159,613 $ 2,149,334 $ 2,139,105 $ 2,128,926 $ 2,118,796 $ 2,108,716 $ 2,098,686 $ 2,789,317 $ 23,353,278 $ 23,350,000
per unit $231,000
Fairway Canyon (Phase 4)

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Valuation 86
As a check of reasonableness, we have arrayed a number of recent bulk lot transactions in the subject's market area.

Summary of Comparable Land Sales
Sale Date; Sale Price; Bond Typical Lot
No. Name/Address Status Consideration/Lot Size Number of Lots 5/Lot Lot Finishing Costs 1 Fairway Canyon PA 228 Dec -22 $7,047,000 6,000 55 $128,127 $66,873 Sorenstam Dr. Closed $0
Beaumont
Riverside County
Comments:This is a sale of 55 finished lots with a typical lot size of 6,000 square feet within the city of Beaumont. The reported finished lot value is $192,000 per finished lot; however, this does not equate to the purchase price reported on public records. Therefore, this comparable is given guarded reliance. The project is surrounded by open space and a golf course. The building permit is estimated at $3,000 per lot. It is unclear if the project will utilize bond financing. 2 Stratford Place II Nov -22 $4,906,500 6,000 90 $54,517 $175,483 Evans Rd. Closed $5,966
Perris
Riverside County
Comments:This is a sale of 90 unimproved lots with a tentative map in place and a typical lot size of 6,000 square feet. The lots were purchased for $4,906,500 or $54,517. According to the broker, the lots were purchased at a finished lot price of $230,000 per lot. The buyer is developing the 27O lots adjacent to the north of this project. It is assumed there was a degree of assemblage influencing a part of the sale, but this was not confirmed. It i s estimated this project will have a similar degree of bond debt as the adjacent project, which has an estimated $2,983 per lot. 3 Canterberry Sep -22 $1,770,000 10,000 19 $93,158 $81,842 Mountain Avenue & Red Bluff Ln. Closed $0
Banning
Riverside County
Comments:This comparable represents the sale 19 finished single family lots with a minimum size of 10,000 square feet, for a finished lot price of $175,000/lot. Crestwood Communities is constructing three floor plan rangi ng i n size from 1,951 to 2,300 SF, priced at $579,990 to $591,900. 4 Windsong Aug -22 $7,500,000 5,000 177 $42,373 $197,345 NWQ Alessandro Blvd. and Darwin Dr. Closed $0
Moreno Valley
Riverside County
Comments:This sale encompasses two adjacent parcels purchased by D.R. Horton from two different sellers. D.R. Horton closed on the first 18.01 -acre parcel for $3,755,000 on August 1, 2022 and closed on the second 17.63 -acre parcel for $3,745,000 on August 2, 2022. The site will be developed into a 177 -lot subdivision called Windsong. Floor plans will range from 1,898 to 2,537 square feet and the typical lot size will be approximately 5,000 square feet. Finishing costs are estimated at approximately $197,345 per lot. 5 La Ventana Apr -22 $8,000,000 6,000 220 $36,364 $178,636 SEC Simpson Rd and La Ventana Rd Closed $0
Winchester
Riverside County
Comments: Site consists of 220 residential lots, along with a park site and a school site. The typical lot size is approximately 6,000 5F. The finished lot price was reportedly $215,OOO/lot. 6 The Fairways PA25C Dec -21 58,368,822 4,950 62 $134,981 $108,019 Oak Valley Pkwy./ Fairways MPC Closed 54,186
Beaumont
Riverside County
Comments:This is a sale of 62 single-family lots with a minimum lot size of 4,950 square feet. The property was delivered in blue -top condition. The reported finished lot value is $243,000 per lot. Annual special taxes average $2,093/lot.

Subject
Fairway Canyon (Phase4)
Beaumont, CA
4,500 101
Fairway Canyon (Phase 4)

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Valuation
87 Comparable Land Sales Map

CLOVERDALE
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March
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Base
Mead Valley

BETHANE
Nuevo
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Beaumont
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MCSWEENY RANCH
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Fairway Canyon (Phase 4)

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Valuation
88 Sale 1
Fairway Canyon PA 22B
Sale 3
Canterberry
:ii
"all • /' i1 ! 1..1.
•1: d se 1
Is
•
•
1 •
•
1 Sale 2
Stratford Place II
Sale 5
La Ventana
Mine .MIII•1
Fairway Canyon (Phase 4)
is.
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Sale 4
Windsong
Sale 6
The Fairways PA25C
TENTATIVE TRACT NO.37696

Page 650 of 1064 ends

Valuation 89
The comparables reflect a range of sale prices of $175,000 to $239,718 per improved lot. The wide disparity in the unadjusted range is largely attributable to location, as well as differences in permits and fees, and remaining site costs. The preceding analysis indicates an improved lot value for the subject's representative lot of $231,000, which is supported by the range of sales above and considered reasonable, especially given the proximaty to the golf course most lots enjoy.

The subject includes neighborhoods with a typical lot sizes ranging from 3,800 to 4,950 square feet. In consideration of paired sales analyses and sales agent interviews regarding premiums achieved for home sales when isolating lot size, a lot size adjustment factor of $7.00 per square foot of difference in lot area is applied to the benchmark lot values. In the following table, adjustments for differences in lot size are made to the above -concluded benchmark typical lot and applied to the subject's additional lot size categories.

Residential Lot Component
Planning No. of
Area Lots*
25A 126
25B 73
25C 62
26A 167
26B 101
Merchant Builder
Woodside
Woodside
Richmond American
DR Horton
DR Horton
Minimum Lot Size Lot Size
Project (SF) Benchmark Value Adjustment
RidgeView 3,800 $231,000 ($4,900)
RidgeView 3,800 $231,000 ($4,900)
Seasons 4,950 $231,000 $3,150
Augusta 4,500 $231,000 $0
Augusta 4,500 $231,000 $0
Adjusted Lot Value
(Rd.)
$226,000
$226,000
$ 234,000
$231,000
$ 231,000
*Total number of lots (529)within each PlanningArea; not equal to the numberoflots appraised herein The previous analysis indicated values of $226,000 - $234,000 per improved lot (after accounting for differences in lot size). These figures will be utilized as our conclusions in bulk (no further discounting is warranted).

The improved lot values shown above will be assigned to each partially completed home and vacant, improved lots within CFD No. 2021-1.

Fairway Canyon (Phase 4)

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Valuation 90
Market Valuation by Ownership
Introduction
The appraised properties represent 233 lots/homes comprising CFD No. 2021-1. In this section, the previously concluded market values will be allocated to each ownership group comprising the appraised properties in order to provide a market value of the appraised properties by ownership.

The appraised properties consist of 9 finished residential lots, 91 homes under construction, and 133 completed homes. The balance of the taxable properties in the CFD include 296 single family homes with a complete assessed value for both land and improvements, which are not appraised herein.

Not -less -than market values for the floor plans developed within the District are assigned to the 133 completed homes held by individual homeowners and the merchant builders.

In light of the fact the merchant builders have a number of lot(s) that could sell in bulk to one buyer within 12 months, no additional discounting is necessary beyond the market value, in bulk, of the various single-family residential lot categories previously estimated.

Based on the previous analysis, the estimates of market value, by ownership, subject to the impact of the Lien of the Special Tax securing the City of Beaumont CFD No. 2021-1 (Fairway Canyon) Bonds, as of November 1, 2023, are estimated in the following table. irr
Fairway Canyon (Phase 4)

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Valuation 91
Value By Ownership
Entity
Lots Value per Home/Lot Aggregate Value
Individual Homeowners
Completed Homes withoutAVs
Augusta by DR Horton 68 $450,000 $30,600,000
RidgeView by Woodside Homes 47 $460,000 $21,620,000
Seasons by Richmond American 13 $530,000 $6,890,000
Subtotal 128 $59,110,000
DR Horton
Completed Homes withoutAVs 1 $450,000 $450,000
Homes Under Construction 20 $231,000 $4,620,000
Subtotal 21 $5,070,000
Woodside Homes
Completed Homes withoutAVs 3 $460,000 $1,380,000
Homes Under Construction 35 $226,000 $7,910,000
Subtotal 38 $9,290,000
Richmond American
Completed Homes withoutAVs 1 $530,000 $530,000
Homes Under Construction 36 $234,000 $8,424,000
Finished Lots 9 $234,000 $2,106,000
Subtotal 46 $11,060,000
Aggregate Value of Appraised Properties 233 $84,530,000 Fairway Canyon (Phase 4)

Page 653 of 1064 ends

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Valuation 92
Final Opinion of Value
Based on the preceding valuation analysis and subject to the definitions, assumptions, and limiting conditions expressed in the report, our opinion of value is as follows:

Value Conclusions
Value Premise
No. of
Parcels
Aggregate Value
Aggregate Value of Appraised Properties
Aggregate Value of Existing Homes based on Assessed Value Total Aggregate Value of Appraised and Assessed Properties in the District 233
296
529
$84,530,000
$156,232,396
$240,762,396
Extraordinary Assumptions and Hypothetical Conditions
The value conclusions are subject to the following extraordinary assumptions. An extraordinary assumption is an assignment -specific assumption as of the effective date regarding uncertain information used in an analysis which, if found to be false, could alter the appraiser's opinions or conclusions.

None
The value conclusions are based on the following hypothetical conditions. A hypothetical condition is a condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis.

1. It is a hypothetical condition of this Appraisal Report that certain proceeds from the Bonds will be available to reimburse for certain public infrastructure already completed. The esti mates of market value account for the impact of the Lien of the Special Taxes securing the Bonds.

The use of any extraordinary assumption or hypothetical condition may have affected the assignment results.

Exposure Time
Exposure time is the period a property interest would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal. In attempting to estimate a reasonable exposure time for the subject property, we looked at both the historical exposure times of a number of sales, as well as current and past economic conditions. Based on a survey of market participants, a transfer of residential land properties in the region typically occurs within 12 months of exposure. It is estimated the exposure time for the subject property, if appropriately priced, would have been within 12 months of initial exposure.

Marketing Period
Marketing time is an estimate of the time to sell a property interest in real estate at the estimated market value during the period immediately after the effective date of value. A reasonable marketing time is estimated by comparing the recent exposure time of similar properties, and then taking into consideration current and future economic conditions and how they may impact marketing of the subject property.

The marketing time for the subject property is not anticipated to vary significantly from the exposure time. Thus, the marketing time is estimated at 12 months or less.

Fairway Canyon (Phase 4)

Page 654 of 1064 ends

Certification 93
Certification
We certify that, to the best of our knowledge and belief:

1. The statements of fact contained in this report are true and correct.

2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are our personal, impartial, and unbiased professional analyses, opinions, and conclusions.

3. We have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the parties involved.

4. We have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding the agreement to perform this assignment.

5. We have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment.

6. Our engagement in this assignment was not contingent upon developing or reporting predetermined results.

7. Our compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.

8. Our analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice as well as applicable state appraisal regulations.

9. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute.

10. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.

11. Eric Segal, MAI, and Kevin Ziegenmeyer, MAI, have made a personal inspection of the property that is the subject of this report. Kari Tatton has not personally inspected the subject.

12. No one provided significant real property appraisal assistance to the person(s) signing this certification.

13. We have experience in appraising properties similar to the subject and are in compliance with the Competency Rule of USPAP.

14. As of the date of this report, Eric Segal, MAI, and Kevin Ziegenmeyer, MAI, have completed the continuing education program for Designated Members of the Appraisal Institute. irr
Fairway Canyon (Phase 4)

Page 655 of 1064 ends

Certification 94
Eric Segal, MAI
Certified General Real Estate Appraiser
California Certificate # AG026558
Kari Tatton
Certified General Real Estate Appraiser
California Certificate # 3002218
Fairway Canyon (Phase 4)
Kevin Ziegenmeyer, MAI
Certified General Real Estate Appraiser
California Certificate # AG013567

Page 656 of 1064 ends

Assumptions and Limiting Conditions 95
Assumptions and Limiting Conditions
This appraisal and any other work product related to this engagement are limited by the following standard assumptions, except as otherwise noted in the report:

1. The title is marketable and free and clear of all liens, encumbrances, encroachments, easements and restrictions. The property is under responsible ownership and competent management and is available for its highest and best use.

2. There are no existing judgments or pending or threatened litigation that could affect the value of the property.

3. There are no hidden or undisclosed conditions of the land or of the improvements that would render the property more or less valuable. Furthermore, there is no asbestos in the property.

4. The revenue stamps placed on any deed referenced herein to indicate the sale price are in correct relation to the actual dollar amount of the transaction.

5. The property is in compliance with all applicable building, environmental, zoning, and other federal, state and local laws, regulations and codes.

6. The information furnished by others is believed to be reliable, but no warranty is given for its accuracy.

This appraisal and any other work product related to this engagement are subject to the following limiting conditions, except as otherwise noted in the report:

1. An appraisal is inherently subjective and represents our opinion as to the value of the property appraised.

2. The conclusions stated in our appraisal apply only as of the effective date of the appraisal, and no representation is made as to the effect of subsequent events.

3. No changes in any federal, state or local laws, regulations or codes (including, without limitation, the Internal Revenue Code) are anticipated.

4. No environmental impact studies were either requested or made in conjunction with this appraisal, and we reserve the right to revise or rescind any of the value opinions based upon any subsequent environmental impact studies. If any environmental impact statement is required by law, the appraisal assumes that such statement will be favorable and will be approved by the appropriate regulatory bodies.

5. Unless otherwise agreed to in writing, we are not required to give testimony, respond to any subpoena or attend any court, governmental or other hearing with reference to the property without compensation relative to such additional employment.

6. We have made no survey of the property and assume no responsibility in connection with such matters. Any sketch or survey of the property included in this report is for illustrative purposes only and should not be considered to be scaled accurately for size. The appraisal Fairway Canyon (Phase 4)

Page 657 of 1064 ends

Assumptions and Limiting Conditions 96
covers the property as described in this report, and the areas and dimensions set forth are assumed to be correct.

7. No opinion is expressed as to the value of subsurface oil, gas or mineral rights, if any, and we have assumed that the property is not subject to surface entry for the exploration or removal of such materials, unless otherwise noted in our appraisal.

8. We accept no responsibility for considerations requiring expertise in other fields. Such considerations include, but are not limited to, legal descriptions and other legal matters such as legal title, geologic considerations such as soils and seismic stability; and civil, mechanical, electrical, structural and other engineering and environmental matters. Such considerations may also include determinations of compliance with zoning and other federal, state, and local laws, regulations and codes.

9. The distribution of the total valuation in the report between land and improvements applies only under the reported highest and best use of the property. The allocations of value for land and improvements must not be used in conjunction with any other appraisal and are invalid if so used. The appraisal report shall be considered only in its entirety. No part of the appraisal report shall be utilized separately or out of context.

10. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraisers, or any reference to the Appraisal Institute) shall be disseminated through advertising media, public relations media, news media or any other means of communication (including without limitation prospectuses, private offering memoranda and other offering material provided to prospective investors) without the prior written consent of the persons signing the report.

11. Information, estimates and opinions contained in the report and obtained from third -party sources are assumed to be reliable and have not been independently verified.

12. Any income and expense estimates contained in the appraisal report are used only for the purpose of estimating value and do not constitute predictions of future operating results.

13. If the property is subject to one or more leases, any estimate of residual value contained in the appraisal may be particularly affected by significant changes in the condition of the economy, of the real estate industry, or of the appraised property at the time these leases expire or otherwise terminate.

14. Unless otherwise stated in the report, no consideration has been given to personal property located on the premises or to the cost of moving or relocating such personal property; only the real property has been considered.

15. The current purchasing power of the dollar is the basis for the values stated in the appraisal; we have assumed that no extreme fluctuations in economic cycles will occur.

16. The values found herein are subject to these and to any other assumptions or conditions set forth in the body of this report but which may have been omitted from this list of Assumptions and Limiting Conditions.

17. The analyses contained in the report necessarily incorporate numerous estimates and assumptions regarding property performance, general and local business and economic Fairway Canyon (Phase 4)

Page 658 of 1064 ends

Assumptions and Limiting Conditions 97
conditions, the absence of material changes in the competitive environment and other matters. Some estimates or assumptions, however, inevitably will not materialize, and unanticipated events and circumstances may occur; therefore, actual results achieved during the period covered by our analysis will vary from our estimates, and the variations may be material.

18. The Americans with Disabilities Act (ADA) became effective January 26, 1992. We have not made a specific survey or analysis of the property to determine whether the physical aspects of the improvements meet the ADA accessibility guidelines. We claim no expertise in ADA issues, and render no opinion regarding compliance of the subject with ADA regulations.

Inasmuch as compliance matches each owner's financial ability with the cost to cure the non- conforming physical characteristics of a property, a specific study of both the owner's financial ability and the cost to cure any deficiencies would be needed for the Department of Justice to determine compliance.

19. The appraisal report is prepared for the exclusive benefit of the Client, its subsidiaries and/or affiliates. It may not be used or relied upon by any other party. All parties who use or rely upon any information in the report without our written consent do so at their own risk.

20. No studies have been provided to us indicating the presence or absence of hazardous materials on the subject property or in the improvements, and our valuation is predicated upon the assumption that the subject property is free and clear of any environment hazards including, without limitation, hazardous wastes, toxic substances and mold. No representations or warranties are made regarding the environmental condition of the subject property. Integra Realty Resources — Los Angeles, Integra Realty Resources, Inc., Integra Strategic Ventures, Inc. and/or any of their respective officers, owners, managers, directors, agents, subcontractors or employees (the "Integra Parties"), shall not be responsible for any such environmental conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because we are not experts in the field of environmental conditions, the appraisal report cannot be considered as an environmental assessment of the subject property.

21. The persons signing the report may have reviewed available flood maps and may have noted in the appraisal report whether the subject property is located in an identified Special Flood Hazard Area. We are not qualified to detect such areas and therefore do not guarantee such determinations. The presence of flood plain areas and/or wetlands may affect the value of the property, and the value conclusion is predicated on the assumption that wetlands are non- existent or minimal.

22. Integra Realty Resources — Los Angeles is not a building or environmental inspector. Integra Los Angeles does not guarantee that the subject property is free of defects or environmental problems. Mold may be present in the subject property and a professional inspection is recommended.

23. The appraisal report and value conclusions for an appraisal assume the satisfactory completion of construction, repairs or alterations in a workmanlike manner.

24. It is expressly acknowledged that in any action which may be brought against any of the Integra Parties, arising out of, relating to, or in any way pertaining to this engagement, the Fairway Canyon (Phase 4)

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Assumptions and Limiting Conditions 98
appraisal reports, and/or any other related work product, the Integra Parties shall not be responsible or liable for any incidental or consequential damages or losses, unless the appraisal was fraudulent or prepared with intentional misconduct. It is further acknowledged that the collective liability of the Integra Parties in any such action shall not exceed the fees paid for the preparation of the appraisal report unless the appraisal was fraudulent or prepared with intentional misconduct. Finally, it is acknowledged that the fees charged herein are in reliance upon the foregoing limitations of liability.

25. Integra Realty Resources — Los Angeles, an independently owned and operated company, has prepared the appraisal for the specific intended use stated elsewhere in the report. The use of the appraisal report by anyone other than the Client is prohibited except as otherwise provided. Accordingly, the appraisal report is addressed to and shall be solely for the Client's use and benefit unless we provide our prior written consent. We expressly reserve the unrestricted right to withhold our consent to your disclosure of the appraisal report or any other work product related to the engagement (or any part thereof including, without limitation, conclusions of value and our identity), to any third parties. Stated again for clarification, unless our prior written consent is obtained, no third party may rely on the appraisal report (even if their reliance was foreseeable).

26. The conclusions of this report are estimates based on known current trends and reasonably foreseeable future occurrences. These estimates are based partly on property information, data obtained in public records, interviews, existing trends, buyer -seller decision criteria in the current market, and research conducted by third parties, and such data are not always completely reliable. The Integra Parties are not responsible for these and other future occurrences that could not have reasonably been foreseen on the effective date of this assignment. Furthermore, it is inevitable that some assumptions will not materialize and that unanticipated events may occur that will likely affect actual performance. While we are of the opinion that our findings are reasonable based on current market conditions, we do not represent that these estimates will actually be achieved, as they are subject to considerable risk and uncertainty. Moreover, we assume competent and effective management and marketing for the duration of the projected holding period of this property.

27. All prospective value opinions presented in this report are estimates and forecasts which are prospective in nature and are subject to considerable risk and uncertainty. In addition to the contingencies noted in the preceding paragraph, several events may occur that could substantially alter the outcome of our estimates such as, but not limited to changes in the economy, interest rates, and capitalization rates, behavior of consumers, investors and lenders, fire and other physical destruction, changes in title or conveyances of easements and deed restrictions, etc. It is assumed that conditions reasonably foreseeable at the present time are consistent or similar with the future.

28. The appraisal is also subject to the following:
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Fairway Canyon (Phase 4)

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Assumptions and Limiting Conditions 99
Extraordinary Assumptions and Hypothetical Conditions
The value conclusions are subject to the following extraordinary assumptions. An extraordinary assumption is an assignment -specific assumption as of the effective date regarding uncertain information used in an analysis which, if found to be false, could alter the appraiser's opinions or conclusions.

The use of any extraordinary assumption or hypothetical condition may have affected the assignment results. irr
Fairway Canyon (Phase 4)

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Addenda
Addendum A
Appraiser Qualifications
Fairway Canyon (Phase 4)

Page 662 of 1064 ends

Eric Segal, MAI
Experience
Mr. Segal is a Certified General real estate appraiser and holds the Appraisal Institute's MAI designation. In 1998, Mr. Segal began his career in real estate as a research analyst/appraiser trainee for Richard Seevers and Associates. By 1999, he began writing narrative appraisal reports covering a variety of commercial properties, with an emphasis on residential master planned communities and subdivisions. Today, Mr. Segal is a partner in the firm and is involved in appraisal assignments covering a wide variety of properties including office, retail, industrial, multifamily housing, master planned communities, and specializes in the appraisal of Mello -Roos Community Facilities Districts and Assessment Districts for land -secured municipal financings, as well as multifamily developments under the U.S. Department of Housing and Urban Development's Multifamily Accelerated Processing (MAP) Guide. He has developed the experience and background necessary to deal with complex assignments covering an array of property types, with a particular focus on urban redevelopment in the cities of San Francisco, Monterey, Alameda and San Mateo. He has developed the experience and background necessary to deal with complex assignments covering an array of property types. Eric is currently Managing Director of the Integra -San Francisco office as well as Integra -Sacramento office.

Professional Activities & Affiliations
Appraisal Institute, Member (MAI) Appraisal Institute, January 2016 Licenses
California, Certified General Real Estate Appraiser, AG026558, Expires February 2023 Nevada, Certified General, A.0207666 -CG, Expires January 2025 Arizona, Certified General, CGA -1006422, Expires January 2024 Washington, Certified General, 20100611, Expires June 2023 Education
Academic:

Bachelor of Science in Business Administration (Concentrations in Finance and Real Estate & Land Use Affairs), California State University, Sacramento Appraisal and Real Estate Courses:

Uniform Standards of Professional Appraisal Practice
Appraisal Principles
Basic Income Capitalization
Highest & Best Use and Market Analysis
Advanced Income Capitalization
Report Writing and Valuation Analysis
Self -Storage Economics and Appraisal Seminar
Appraisal Litigation Practice and Courtroom Management
Hotel Valuations: New Techniques for today's Uncertain Times Computer Enhanced Cash Flow Modeling
Advanced Sales Comparison & Cost Approaches
Advanced Applications
Supervisor -Trainee Course for California
[email protected] - 916.435.3883 x228
Integra Realty Resources -
Sacramento
590 Menlo Drive
Suite 1
Rocklin, CA 95765
T 916.435.3883
F 916.435.4774
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BUREAU OF REAL ESTATE APPRAISERS

REAL ESTATE APPRAISER LICENSE
Eric A. Seal
met the requirements f or a license as a residential and commerci al real estate appraiser in the and is, therefore, entitled to use the title:
"Certified -General Re al Estate Appraiser"
has been issued in accordance with the provisions of the Real Estate Appraisers' Licensing and Law.

IDENTIFICATION NUMBER: AG 026558
Effective Date: February 19, 2023
Date Expires: February 18, 2025
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Kevin Ziegenmeyer, MAI
Experience
Mr. Ziegenmeyer is a Certified General real estate appraiser and holds the Appraisal Institute's MAI designation. In 1989, Mr. Ziegenmeyer began his career in real estate as a controller for a commercial and residential real estate development corporation. In 1991 he began appraising and continued to be involved in appraisal assignments covering a wide variety of properties, including office, retail, industrial, residential income and subdivisions throughout the state of California, and Northern Nevada. Mr. Ziegenmeyer handles many of the firm's master -planned property appraisals and over the past two decades has developed expertise in the valuation of Community Facilities Districts and Assessment Districts.ln fact, Mr. Ziegenmeyer was one of five appraisers to collaborate with other professionals in developing the appraisal guidelines for the California Debt and Investment Advisory Commission (Recommended Practices in the Appraisal of Real Estate for Land -Secured Financing - 2004). He has developed the experience and background necessary to deal with complex assignments covering an array of property types, with a particular focus on urban redevelopment in the cities and counties of San Francisco, Dublin, Monterey, Newport Beach, Alameda, Napa and San Mateo. In early 2015, Mr. Ziegenmeyer obtained the Appraisal Institute's MAI designation. Kevin is currently Senior Managing Director of the Integra -San Francisco office and Managing Director of the Integra -Sacramento office.

Licenses
California, California Certified General Real Estate Appraiser, AG013567, Expires June 2025
Education
Academic:

Bachelor of Science in Accounting, Azusa Pacific University, California Appraisal and Real Estate Courses:

Standards of Professional Practice, Parts A, B & C
Basic Valuation Procedures
Real Estate Appraisal Principles
Capitalization Theory and Techniques, Part A
Advanced Income Capitalization
Report Writing and Valuation Analysis
Advanced Applications
IRS Valuation Summit I & II
2008, 2009, 2010 & 2011 Economic Forecast
Business Practices and Ethics
Contemporary Appraisal Issues with Small Business Administration Financing General Demonstration Appraisal Report Writing Seminar
7 -Hour National USPAP Update Course
Valuation of Easements and Other Partial Interests
2009 Summer Conference
Uniform Appraisal Standards for Federal Land Acquisitions (Yellowbook) 2008 Economic Update
Valuation of Conservation Easements
Subdivision Valuation
2005 Annual Fall Conference
[email protected] - 916.435.3883 x224
Integra Realty Resources -
Sacramento
590 Menlo Drive
Suite 1
Rocklin, CA 95765
T 916.435.3883
F 916.435.4774
irr.com
■

Page 665 of 1064 ends

Kevin Ziegenmeyer, MAI
Education (Cont'd)
General Comprehensive Exam Module I, II, III & IV
Advanced Income Capitalization
Advanced Sales Comparison & Cost Approaches
2004 Central CA Market Update
Computer -Enhanced Cash Flow Modeling
Forecast 2000, 2001, 2002, 2003 & 2004
Land Valuation Assignments
Land Valuation Adjustment Procedures
Highest & Best Use and Market Analysis
Entitlements, Land Subdivision & Valuation
Real Estate Value Cycles
El Dorado Hills Housing Symposium
Federal Land Exchanges
M & S Computer Cost -Estimating, Nonresidential
[email protected] - 916.435.3883 x224
Integra Realty Resources -
Sacramento
590 Menlo Drive
Suite 1
Rocklin, CA 95765
T 916.435.3883
F 916.435.4774
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Page 666 of 1064 ends

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BREA APPRAISER IDENTIFICATION

APPRAISER LICENSE
Kevin K. Ziegenmeyer
for a license as a residential and commercial real estate appraiser in the to use the title:

General Real Estate Appr aiser"
with the pr ovisions of the Real Estate Appraisers' Licensing and NUMBE R: AG 013567
Effective Date: J une 5, 2023
Date Expires: Ju ne 4, 2025
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Experience
Ms. Tatton is a Certified General real estate appraiser. After completing her bachelor's degree at California State University, Sacramento, Ms. Tatton began her career in real estate in March 2011, and has been writing narrative appraisal reports for a variety of commercial properties including office, retail, industrial, multifamily housing, land and special-purpose properties including self -storage facilities, religious facilities, schools and auto dealerships. She specializes in the appraisal of residential master planned communities and subdivisions, as well as Mello -Roos and Assessment Districts for land -secured municipal financings.

Licenses
California, Certified General Real Estate, 3002218, Expires June 2024 Education
Academic:

Bachelor of Arts in Interior Design (Concentration in Interior Architecture) California State University, Sacramento
Appraisal and Real Estate Courses:

Basic Appraisal Principles
Basic Appraisal Procedures
Site Valuation & Cost Approach
General Market Analysis & Highest and Best Use
Sales Comparison Approach
Income Capitalization Approach Part I
Income Capitalization Approach Part II
General Appraiser Report Writing and Case Studies
Appraisal of Fast Food Facilities
Appraising Small Apartment Properties
Appraisal of Land Subject to Ground Leases
Appraising Automobile Dealerships
[email protected] - 916.435.3883 x229
Integra Realty Resources -
Sacramento
590 Menlo Drive
Suite 1
Rocklin, CA 95765
T 916.435.3883
F 916.435.4774
irr.com
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Page 668 of 1064 ends

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Business, Consumer Services & Ho usi ng Age ncy

BU REAU OF REAL EST ATE APPRAISERS

REAL ESTATE APPRAISER LI EN SE C S
41 /FORN�
Kari M. Tatto n
has su ccessfully met the requirements for a license as a residential a nd commercial real estate appraiser in the State of California and is, therefore, entitled to use the title:
"Certified General Real Estate Appraiser"
This license has been issued in accordance with the provisions of the Real Estate Appraisers' Lice nsing and Certification Law.

BREA APPRAISER ID EN TIFICATION NUMBER: 3002218
Effective Date: J une 2, 2022
Date Expires: Ju ne 1, 2024
Loretta Dillo n, Deputy Bureau Chief, BREA
3063596

About IRR
Integra Realty Resources, Inc. (IRR) provides world -class commercial real estate valuation, counseling, and advisory services. Routinely ranked among leading property valuation and consulting firms, we are now the largest independent firm in our industry in the United States, with local offices coast to coast and in the Caribbean.

IRR offices are led by MAI-designated Senior Managing Directors, industry leaders who have over 25 years, on average, of commercial real estate experience in their local markets. This experience, coupled with our understanding of how national trends affect the local markets, empowers our clients with the unique knowledge, access, and historical perspective they need to make the most informed decisions.

Many of the nation's top financial institutions, developers, corporations, law firms, and government agencies rely on our professional real estate opinions to best understand the value, use, and feasibility of real estate in their market.

Local Expertise...Nationally!
irr.com
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Addenda
Addendum B
IRR Quality Assurance Survey
Fairway Canyon (Phase 4)

Page 671 of 1064 ends

Addenda
IRR Quality Assurance Survey
We welcome your feedback!
At IRR, providing a quality work product and delivering on time is what we strive to accomplish. Our local offices are determined to meet your expectations. Please reach out to your local office contact so they can resolve any issues.

Integra Quality Control Team
Integra does have a Quality Control Team that responds to escalated concerns related to a specific assignment as well as general concerns that are unrelated to any specific assignment. We also enjoy hearing from you when we exceed expectations! You can communicate with this team by clicking on the link below. If you would like a follow up call, please provide your contact information and a member of this Quality Control Team will call contact you.

Link to the IRR Quality Assurance Survey: quality.irr.com Fairway Canyon (Phase 4)
El

Page 672 of 1064 ends

Addenda
Addendum C
Definitions
Fairway Canyon (Phase 4)

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Addenda
Definitions
The source of the following definitions is the Appraisal Institute, The Dictionary of Real Estate Appraisal, 7th ed. (Chicago: Appraisal Institute, 2022), unless otherwise noted.

As Is Market Value
The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date.

Disposition Value
The most probable price that a specified interest in property should bring under the following conditions:

1. Consummation of a sale within a specified time, which is shorter than the typical exposure time for such a property in that market.

2. The property is subjected to market conditions prevailing as of the date of valuation.

3. Both the buyer and seller are acting prudently and knowledgeably.

4. The seller is under compulsion to sell.

5. The buyer is typically motivated.

6. Both parties are acting in what they consider to be their best interests.

7. An adequate marketing effort will be made during the exposure time.

8. Payment will be made in cash in U.S. dollars (or the local currency) or in terms of financial arrangements comparable thereto.

9. The price represents the normal consideration for the property sold, unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

This definition can also be modified to provide for valuation with specified financing terms.

Effective Date

1. The date on which the appraisal opinion applies. (SVP)

2. The date to which an appraiser's analysis, opinions, and conclusions apply; also referred to as date of value. (USPAP, 2020-2021 ed.)

3. The date that a lease goes into effect.

Entitlement
In the context of ownership, use, or development of real estate, governmental approval for annexation, zoning, utility extensions, number of lots, total floor area, construction permits, and occupancy or use permits.
irr
Fairway Canyon (Phase 4)

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Addenda
Entrepreneurial Incentive
The amount an entrepreneur expects or wants to receive as compensation for providing coordination and expertise and assuming the risks associated with the development of a project. Entrepreneurial incentive is the expectation of future reward as opposed to the profit actually earned on the project.

Entrepreneurial Profit

1. A market -derived figure that represents the amount an entrepreneur receives for his or her contribution to a past project to compensate for his or her time, effort, knowledge, and risk; the difference between the total cost of a property (cost of development) and its market value (property value after completion), which represents the entrepreneur's compensation for the risk and expertise associated with development. An entrepreneur is motived by the prospect of future value enhancement (i.e., the entrepreneurial incentive). An entrepreneur who successfully creates value through new development, expansion, renovation, or an innovation change of use is rewarded by entrepreneurial profit. Entrepreneurs may also fail and suffer losses.

2. In economics, the actual return on successful management practices, often identified with coordination, the fourth factor of production following land, labor, and capital; also called entrepreneurial return or entrepreneurial reward.

Exposure Time

1. The time a property remains on the market.

2. An opinion, based on supporting market data, of the length of time that the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal.

Fee Simple Estate
Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.

Floor Area Ratio (FAR)
The relationship between the above -ground floor area of a building, as described by the zoning or building code, and the area of the plot on which it stands; in planning and zoning, often expressed as a decimal, e.g., a ratio of 2.0 indicates that the permissible floor area of a building is twice the total land area.

Highest and Best Use

1. The reasonably probable use of property that results in the highest value. The four criteria that the highest and best use must meet are legal permissibility, physical possibility, financial feasibility, and maximum productivity.

2. The use of an asset that maximizes its potential and that is possible, legally permissible, and financially feasible. The highest and best use may be for continuation of an asset's existing use or for some alternative use. This is determined by the use that a market participant would have in mind for the asset when formulating the price that it would be willing to bid. (ISV) Fairway Canyon (Phase 4)

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Addenda

3. [The] highest and most profitable use for which the property is adaptable and needed or likely to be needed in the reasonably near future. (Uniform Appraisal Standards for Federal Land Acquisitions)
Investment Value

1. The value of a property to a particular investor or class of investors based on the investor's specific requirements. Investment value may be different from market value because it depends on a set of investment criteria that are not necessarily typical of the market.

2. The value of an asset to the owner or a prospective owner given individual investment or operational objectives (may also be known as worth). (IVS) Lease
A contract in which rights to use and occupy land, space, or structures are transferred by the owner to another for a specified period of time in return for a specified rent.

Leased Fee Interest
The ownership interest held by the lessor, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires.

Leasehold Estate
The right held by the lessee to use and occupy real estate for a stated term and under the conditions specified in the lease.

Liquidation Value
The most probable price that a specified interest in real property should bring under the following conditions:

1. Consummation of a sale within a short time period.

2. The property is subjected to market conditions prevailing as of the date of valuation.

3. Both the buyer and seller are acting prudently and knowledgeably.

4. The seller is under extreme compulsion to sell.

5. The buyer is typically motivated.

6. Both parties are acting in what they consider to be their best interests.

7. A normal marketing effort is not possible due to the brief exposure time.

8. Payment will be made in cash in U.S. dollars (or the local currency) or in terms of financial arrangements comparable thereto.

9. The price represents the normal consideration for the property sold, unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

This definition can also be modified to provide for valuation with specified financing terms. irr
Fairway Canyon (Phase 4)

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Addenda
Marketing Time
An opinion of the amount of time to sell a property interest at the concluded market value or at a benchmark price during the period immediately after the effective date of an appraisal. Marketing time differs from exposure time, which precedes the effective date of an appraisal.

Market Value
The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:
• buyer and seller are typically motivated;
• both parties are well informed or well advised, and acting in what they consider their own best interests;
• a reasonable time is allowed for exposure in the open market; • payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and
• the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. (Source: Code of Federal Regulations, Title 12, Chapter 1, Part 34.42[h]; also Interagency Appraisal and Evaluation Guidelines, Federal Register, 75 FR 77449, December 10, 2010, page 77472) Prospective Opinion of Value
A value opinion effective as of a specified future date. The term does not define a type of value.

Instead, it identifies a value opinion as being effective at some specific future date. An opinion of value as of a prospective date is frequently sought in connection with projects that are proposed, under construction, or under conversion to a new use, or those that have not yet achieved sellout or a stabilized level of long-term occupancy.

Retrospective Value Opinion
A value opinion effective as of a specified historical date. The term retrospective does not define a type of value. Instead, it identifies a value opinion as being effective at some specific prior date. Value as of a historical date is frequently sought in connection with property tax appeals, damage models, lease renegotiation, deficiency judgments, estate tax, and condemnation. Inclusion of the type of value with this term is appropriate, e.g., "retrospective market value opinion." irr
Fairway Canyon (Phase 4)

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Addenda
Addendum D
Value by APN
Fairway Canyon (Phase 4)

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400650001
400650002
400650003
400650004
400650005
400650006
400650007
400650008
400650009
400650010
400650011
400650012
400650013
400650014
400650015
400650016
400650017
400650018
400650019
400650020
400650021
400650022
400651001
400651002
400651003
400651004
400651005
400651006
400651007
400651008
400651009
400651010
400651011
400651012
400651013
400651014
400651015
400660001
400660002
400660003 26A 27 MORGAN WEDERGREN Augusta at The Fairways 400660004 26A 28 GILBERTO LOPEZ Augusta at The Fairways 400660005 26A 29 SANG CAO 35232 PRICE ST Augusta at The Fairways 400660006 26A 30 MATTHEW JAKE VILLASENOR Augusta at The Fairways 400660007 26A 31 STEVEN MUNOZ Augusta at The Fairways
400660008 26A 32 LANSTON MURCHISON SYLVESTER 35242 PRICE ST Augusta at The Fairways 400660009 26A 33 CIARA KATHERINE CASTILLE Augusta at The Fairways Completed/Sold $481,550 400660010 26A 34 CONSUELO MACIEL Augusta at The Fairways Completed/Sold $541,501 400660011 26A 35 JASON P. THOMPSON Augusta at The Fairways Completed/Sold $450000 400660012 26A 36 RONALD LEE JOHNSTON Augusta at The Fairways Completed/Sold $539,755 400660013 26A 37 NANCY B. CONNELL Augusta at The Fairways Completed/Sold $461,759 400660014 26A 38 JAMES PHILLIP BLACK 35268 PRICE ST Augusta at The Fairways Completed/Sold 400660015 26A 39 SALAH MICHAEL TAHAN 35274 PRICE ST Augusta at The Fairways Completed/Sold 400660016 26A 40 ANDREW HOGUE 35278 PRICE ST Augusta at The Fairways Completed/Sold 400660017 26A 41 RODRIGUEZ YOLANDA G REVOCABLE TRUST DATED 1/21/2022 35282 PRICE 5T Augusta at The Fairways Completed/Sold $461,714 400660018 26A 42 ERIC DIEGO HERNANDEZ 35284 PRICE ST Augusta at The Fairways Completed/Sold $450000 400660019 26A 43 ANTONV JAN 35288 PRICE ST Augusta at The Fairways Completed/Sold $450000 400660020 26A 44 CASSANDRA LYNN RODRIGUEZ 35292 PRICE ST Augusta at The Fairways Completed/Sold $450,000 400660021 26A 45 STEVEN MASON 35296 PRICE ST Augusta at The Fairways Completed/Sold $450000 400660022 26A 46 TAYLOR JOHN AGUILAR 35298 PRICE ST Augusta at The Fairways Completed/Sold $450,000 400661001 26A 111 ERIKA MONIQUE GIRON 35251 PRICE ST Augusta at The Fairways Completed/Sold $515,000 400661002 26A 112 RENE OSWALDO LOPEZ Augusta at The Fairways Completed/Sold $450,000 400661003 26A 113 JOSE ALFREDO PIMENTEL 35241 PRICE ST Augusta at The Fairways Completed/Sold $505,426 400661004 26A 114 ESPERANZA SILVA 35239 PRICE ST Augusta at The Fairways Completed/Sold $519,990 400661005 26A 115 MARIO ANTHONY CARDENAS 35227 PRICE ST Augusta at The Fairways Completed/Sold $499,775 400661006 26A 116 ROBERT PALACIOS 35221 PRICE ST Augusta at The Fairways Completed/Sold $555,461 400661007 26A 117 EZRA M. MEZA 35215 PRICE ST Augusta at The Fairways Completed/Sold $450000 400662001 26A 84 DR HORTON LOS ANGELES HOLDING CO INC 35313 PRICE ST Augusta at The Fairways Completed/Sold $450000 400662002 26A 85 MONICA A. MARTINEZ 11606 OMEARA WAY Augusta at The Fairways Completed/Sold $450000 400662003 26A 86 DAVID THOMAS MCGUIRE 11612 OMEARA ST Augusta at The Fairways Completed/Sold $450000 400662004 26A 87 PAULSON JOHN J & PAULSON MARIA DEL ROCIO REV TR DTD 2/17/21 11616 OMEARA ST Augusta at The Fairways Completed/Sold $450,000 400662005 26A 88 PAOLA GARCIA VARGAS 11620 OMEARA ST Augusta at The Fairways Completed/Sold $450000 400662006 26A 89 NATHAN MCDOLE SAVAGE 11628 OMEARA WAY Augusta at The Fairways Completed/Sold $450000 400662007 26A 90 FRANCISCO CONTRERAS 11630 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662008 26A 91 NVSSABIANCA ONG TACO 11634 OMEARA ST Augusta at The Fairways Completed/Sold $450,000 400662009 26A 92 SHANNON THOMAS 11638 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662010 26A 93 N CASTILLO ZERON JOHAN 11644 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662011 26A 94 DR HORTON LOS ANGELES HOLDING CO INC 11648 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662012 26A 95 DR HORTON LOS ANGELES HOLDING CO INC 11652 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662013 26A 96 DR HORTON LOS ANGELES HOLDING CO INC 11656 OMEARA ST Augusta at The Fairways Completed/Sold $450,000 400662014 26A 97 DR HORTON LOS ANGELES HOLDING CO INC 11664 OMEARA ST Augusta at The Fairways Completed/Sold $450000 400662015 26A 98 DR HORTON LOS ANGELES HOLDING CO INC 11661 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662016 26A 99 DR HORTON LOS ANGELES HOLDING CO INC 11657 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662017 26A 100 DR HORTON LOS ANGELES HOLDING CO INC 11653 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662018 26A 101 VANN JOHN KIM 11651 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662019 26A 102 DR HORTON LOS ANGELES HOLDING CO INC 11645 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662020 26A 103 DR HORTON LOS ANGELES HOLDING CO INC 11641 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662021 26A 104 ALEXANDER MICHAEL REVES 11639 OMEARA ST Augusta at The Fairways Completed/Sold $450,000 400662022 26A 105 SEAN HORNE Augusta at The Fairways Completed/Sold $450,000 400662023 26A 106 JOSE ANDRES MARCHEN 11627 OMEARA ST Augusta at The Fairways Completed/Sold $450,000 400662024 26A 107 ALEXIS MOTEN 11621 OMEARA ST Augusta at The Fairways Completed/Sold $450,000 400662025 26A 108 THOMAS R. CRUZ 11615 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662026 26A 109 ANGELICA CARMEN MORALES 11611 OMEARA WAY Augusta at The Fairways Completed/Sold $450,000 400662027 26A 110 LYNN JAMES FYHRLUND 11607 OMEARA 5T Augusta at The Fairways Completed/Sold $450000 400670001 26A 1 CARLOS NAVA 35102 PRICE ST Augusta at The Fairways Completed/Sold $466,933 400670002 26A 2 TERRA LEIGH HERRMANN 35108 PRICE ST Augusta at The Fairways Completed/Sold $478,522 400670003 26A 3 GONZALO MARTINEZ 35112 PRICE ST Augusta at The Fairways Completed/Sold $473,489 400670004 26A 4 DONALD R. GARCIA 35116 PRICE ST Augusta at The Fairways Completed/Sold $449,809 400670005 26A 5 MARK W. BAGLEV
400670006 26A 6 SHAWN MICHAEL SWINDELL
400670007 26A 7 GEORGE BRIAN BERROSPE
400670008 26A 8 JENNY ANAHY ARRIAGA
400670009 26A 9 CESAR ORTEGA
400670010 26A 10 DONALDCASTILLE
400670011 26A 11 ELIZABETH L ZUNIGA
400670012 26A 12 RANDY GRIJALVA-MEJIACHAVERS
400670013 26A 13 COLE SCOTT KNAUSS
400670014 26A 14 MARILYN MEDINA
400670015 26A 15 PO TAI TEMPO TAM
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A
26A 25
26A 26
50 DR HORTON LOS ANGELES HOLDING CO INC
51 DR HORTON LOS ANGELES HOLDING CO INC
52 DR HORTON LOS ANGELES HOLDING CO INC
53 DR HORTON LOS ANGELES HOLDING CO INC
54 DR HORTON LOS ANGELES HOLDING CO INC
55 DR HORTON LOS ANGELES HOLDING CO INC
56 DR HORTON LOS ANGELES HOLDING CO INC
57 DR HORTON LOS ANGELES HOLDING CO INC
58 DR HORTON LOS ANGELES HOLDING CO INC
59 DR HORTON LOS ANGELES HOLDING CO INC
60 DR HORTON LOS ANGELES HOLDING CO INC
61 DR HORTON LOS ANGELES HOLDING CO INC
62 DR HORTON LOS ANGELES HOLDING CO INC
63 DR HORTON LOS ANGELES HOLDING CO INC
64 DR HORTON LOS ANGELES HOLDING CO INC
65 DR HORTON LOS ANGELES HOLDING CO INC
66 DR HORTON LOS ANGELES HOLDING CO INC
67 DR HORTON LOS ANGELES HOLDING CO INC
68 DR HORTON LOS ANGELES HOLDING CO INC
47 DR HORTON LOS ANGELES HOLDING CO INC
48 DR HORTON LOS ANGELES HOLDING CO INC
49 DR HORTON LOS ANGELES HOLDING CO INC
69 DR HORTON LOS ANGELES HOLDING CO INC
70 DR HORTON LOS ANGELES HOLDING CO INC
71 DR HORTON LOS ANGELES HOLDING CO INC
72 DR HORTON LOS ANGELES HOLDING CO INC
73 DR HORTON LOS ANGELES HOLDING CO INC
74 DR HORTON LOS ANGELES HOLDING CO INC
75 DR HORTON LOS ANGELES HOLDING CO INC
76 DR HORTON LOS ANGELES HOLDING CO INC
77 DR HORTON LOS ANGELES HOLDING CO INC
78 DR HORTON LOS ANGELES HOLDING CO INC
79 DR HORTON LOS ANGELES HOLDING CO INC
80 DR HORTON LOS ANGELES HOLDING CO INC
81 DR HORTON LOS ANGELES HOLDING CO INC
82 DR HORTON LOS ANGELES HOLDING CO INC
83 DR HORTON LOS ANGELES HOLDING CO INC

DIEGO DYLAN DIAZ

DAVID GUILLERMO DE JESUS VAZQUEZ
35320 PRICE ST
35326 PRICE ST
35330 PRICE ST
35334 PRICE ST
35338 PRICE ST
35344 PRICE ST
35348 PRICE ST
35354 PRICE ST
35366 PRICE ST
35372 PRICE ST
35376 PRICE ST
35380 PRICE ST
35384 PRICE ST
35390 PRICE ST
35394 PRICE ST
35400 PRICE ST
35402 PRICE ST
35406 PRICE ST
35304 PRICE ST
35308 PRICE ST
35316 PRICE ST
11508 HINTON CT
11516 HINTON CT
11522 HINTON CT
11536 HINTON CT
11542 HINTON CT
11548 HINTON CT
11541 HINTON CT
11533 HINTON CT
11725 HINTON CT
11513 HINTON CT
35381 PRICE ST
35379 PRICE ST
35377 PRICE ST
35373 PRICE ST
35361 PRICE ST
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Under Construction
Under Construction
Under Construction
Under Construction
Completed/Sold
Completed/Sold
Completed/Sold
Under Construction
Under Construction
Completed/Sold
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
$486,000
$559,740
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$450,000
$231,000
$231,000
$231,000
$231,000
$450,000
$450,000
$450,000
$231,000
$231,000
$450,000
$231,000
$231,000
$231,000
$231,000
$231,000
$231,000
$231,000
$450,000
$450,000
$450000
$450,000
$450000
Completed/Sold $553,340
Completed/Sold $561,000
Completed/Sold $469,990
Completed/Sold $550,990
Completed/Sold $517,540
Completed/Sold $450,000
$450000
$450,000
$450000
35120 PRICE ST Augusta at The Fairways Completed/Sold $433,347 35126 PRICE ST Augusta at The Fairways Completed/Sold $477,140 35130 PRICE ST Augusta at The Fairways Completed/Sold $452,589 35136 PRICE ST Augusta at The Fairways Completed/Sold $478,118 35140 PRICE ST Augusta at The Fairways Completed/Sold $413,614 35146 PRICE ST Augusta at The Fairways Completed/Sold $460,688 35150 PRICE ST Augusta at The Fairways Completed/Sold $460815 35154 PRICE ST Augusta at The Fairways Completed/Sold $483,612 35158 PRICE ST Augusta at The Fairways Completed/Sold $441,261 35160 PRICE 5T Augusta at The Fairways Completed/Sold $461,198 35166 PRICE ST Augusta at The Fairways Completed/Sold $504,716

Page 679 of 1064 ends

400670016
400670017 26A 17 ZACHARY PHILIP SUTHERBY
400670018 26A 18 DAVID LOPEZ
400670019 26A 19 HOI TONG CHONG
400670020 26A 20 JACLYN MARIE CORDOVA
400670021 26A 21 PETER BEAS GUADAN
400670022 26A 22 JOHN EDWARD HOLLAND
400670023 26A 23 EDWIN BERMUDEZ
400670024 26A 24 CRISTOBAL GARCIA
400671001 26A 120 MARC JEREMY M. VIDAL
400671002 26A 121 CRISTIAN ALEJANDRO MARTINEZ
400671003 26A 122 STEVE GARCIA
400671004 26A 123 SOFIA V. BERMUDEZ-ROCHA
400671005 26A 124 LESLIE MONIQUE MAGADAN
400671006 26A 125 JOHANNA V. NICHOLAS
400671007 26A 126 LEAH PAULI
400671008 26A 127 REYNALDO LOUIS GONZALEZ
400671009 26A 128 ROSA G. CORDOVA
400671010 26A 129 BRADLEY ALLEN ORMONDE
400671011 26A 130 GEORGE JESUS ROCHA
400671012 26A 131 BRYAN RODRIGUEZ GUZMAN
400671013 26A 132 CHRISTIAN STEWART SHOWALTER Augusta at The Fairways Completed/Sold $440,645 400671014 26A 133 CARLOS NORIEGA
400671015 26A 134 RAED MAZIN ALDBAGH
400671016 26A 135 ROGER LO
400671017 26A 136 LEHUANANI EMILY PEREZ
400671018 26A 137 MATTHEW RAYMOND WESSELL
400671019 26A 138 ALESSIA VITTORIA DUCA
400671020 26A 139 RAND! PARRECO
400671021 26A 140 VANESSA SANDOVAL
400671022 26A 141 TIFFANY DANIELLE SEALS
400672001 26A 118 HECTOR GONZALEZ
400672002 26A 119 ADAM PAULSERNA
400672003 26A 142 DIANA MARIA QUIJANO DE SEGOVIA
400672004 26A 143 MARIE ALICE WHITE
400672005 26A 144 JOSIAH DANIEL PURDV
400672006 26A 145 IVAN RANDALL
400672007 26A 146 RICO DEVON HENDRIX
400672008 26A 147 CYNTHIA B. AQUINO
400672009 26A 148 STEPHANIE MILLER
400672010 26A 149 REYNOLD E. BERNALES
400672011 26A 150 STEVE ULY
400672012 26A 151 ANGELINO LARAESGUERRA
400672013 26A 152 LEISA MICHELLE CHRISTIAN RATTRAV
400672014 26A 153 MAYRA ALEJANDRA BETANCOURT SEPULVEDA
400672015 26A 154 JOAN SARMIENTO-ARRIOLA
400672016 26A 155 GENTRIA LATRICE LENOIR
400672017 26A 156 MICHELLE RIVARD
400672018 26A 157 ULISES ARAIZA
400672019 26A 158 TONYA YVETTE GILL
400672020 26A 159 KRISTEN FANNIN
400672021 26A 160 FRANCES MONICA VILLANUEVA
400672022 26A 161 JERALD 1. POLOHANAN Augusta at The Fairways Completed/Sold $532,695 400672023 26A 162 105E BERDECIA Augusta et The Fairways Completed/Sold $483,571 400672024 26A 163 RAFAEL CRUZ RAMOS Augusta at The Fairways Completed/Sold $430,111 400672025 26A 164 FUAD M. AL-DABBAK Augusta at The Fairways Completed/Sold $483,516 400672026 26A 165 LINDSAY MARGARET WEILER Augusta at The Fairways Completed/Sold $462,302 400672027 26A 166 LAVITA FUGATE Augusta et The Fairways Completed/Sold $512,942 400672028 26A 167 ANDRES MENDEZ REINA JUAN
400680001 26B 1 DR HORTON LOS ANGELES HOLDING CO INC
400680002 26B 2 DR HORTON LOS ANGELES HOLDING CO INC
400680003 26B 3 DR HORTON LOS ANGELES HOLDING CO INC
400680004 26B 4 DR HORTON LOS ANGELES HOLDING CO INC
400680005 26B 5 DR HORTON LOS ANGELES HOLDING CO INC
400680006 26B 6 DR HORTON LOS ANGELES HOLDING CO INC
400680007 26B 7 DR HORTON LOS ANGELES HOLDING CO INC
400680008 26B 8 ADAM MICHAEL ENGLEMAN
400680009 26B 9 DR HORTON LOS ANGELES HOLDING CO INC
400680010 26B 10 VARAINIA C. BARKUS
400680011 26B 11 JESSICA MARIE WHITE
400680012 26B 12 AARON HUMBERTO CASILIAS
400680013 26B 13 KATHERINE ELISE SANCHEZ
400680014 26B 14 VERONICASAMANO
400680015 26B 15 CHEN WU
400680016 26B 16 FAISALSAEED
400680017 26B 17 CHARLENE-VIDA NAVALTA
400680018 26B 18 PAUL EDWARD DIBENE
400680019 26B 19 ALEXANDER MANSOUR
400680020 26B 20 BRETT JAMES GEISNER
400680021 26B 21 MICHAEL CUARON
400680022 26B 22 ALBERT SAAVEDRA
400681001 26B 78 ALEXANDER NATHAN CHARO
400681002 26B 79 JENNIFER LISA GONZALES
400681003 26B 80 SERGIO ARTURO GARCIA
400681004 26B 81 ROBERTTAPICERIA
400681005 26B 82 JORGE ANTONIO VAZQUEZ
400681006 26B 83 ELENA ESPARZA
400681007 26B 84 DENISE A. JOHNSON
400681008 26B 85 ALEXANDER MARTIN GONZALEZ
400681009 26B 86 DAVID K. MORASSE
400681010 26B 87 RICHARD ANTHONY GARGANO
400681011 26B 88 DR HORTON LOS ANGELES HOLDING CO INC
400681012 26B 89 DR HORTON LOS ANGELES HOLDING CO INC
400681013 26B 90 DR HORTON LOS ANGELES HOLDING CO INC
400681014 26B 91 ARNE R. OLSEN
400681015 26B 92 ADRIAN ACOSTA
400681016 26B 93 SON THANH LE
400681017 26B 94 ROGER BENJAMIN STALKER
400681018 26B 95 GERMAINE LESLIE JOHNSON
400681019 26B 96 JASON MICHAEL WILDE
400681020 26B 97 SANDRA DEWBRE
400681021 26B 98 SHEENABAL
400681022 26B 99 JAMES MARIO ROCILLO
400681023 26B 100 JARROD DAVID CULL
400681024 26B 101 NOVIE GRACE BISHOP
400690001 26B 23 SERVERN J. WALKER
400690002 26B 24 ANNE M. YOHN
400690003 26B 25 BRIAN ALBERTO LARIOS OCHOA
26A 16 THOMAS JOSEPH GATES
35170 PRICE ST
35178 PRICE ST
35182 PRICE ST
35186 PRICE ST
35192 PRICE ST Augusta at The Fairways Completed/Sold $527,222 35196 PRICE ST
35202 PRICE ST Augusta at The Fairways Completed/Sold $554,631 35206 PRICE ST Augusta et The Fairways Completed/Sold $545,836 35210 PRICE ST Augusta at The Fairways Completed/Sold $578,185 35195 PRICE ST Augusta et The Fairways Completed/Sold $541,146 35191 PRICE ST Augusta at The Fairways Completed/Sold $467,685 35189 PRICE ST Augusta et The Fairways Completed/Sold $477,003 Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
$509,403
$431,959
5484,489
$497,540
Augusta et The Fairways Completed/Sold $523,790
Augusta at The Fairways Completed/Sold $429,149
35177 PRICE ST Augusta et The Fairways Completed/Sold $494,210 35173 PRICE ST Augusta at The Fairways Completed/Sold $465,936 Augusta at The Fairways
Completed/Sold $472,107
35165 PRICE ST Augusta at The Fairways Completed/Sold $403,415 35163 PRICE ST Augusta at The Fairways Completed/Sold $449,325 35155 PRICE ST Augusta at The Fairways Completed/Sold $439,829 35151 PRICE ST Augusta et The Fairways Completed/Sold $439,099 35150 WEBB PL Augusta at The Fairways Completed/Sold $474,289 35158 WEBB PL Augusta at The Fairways Completed/Sold $491,099 35160 WEBB PL Augusta et The Fairways Completed/Sold $485,611 35166 WEBB PL Augusta at The Fairways Completed/Sold $519,679 35170 WEBB PL Augusta et The Fairways Completed/Sold $459,720 35174 WEBB PL Augusta at The Fairways Completed/Sold $511,663 35178 WEBB PL Augusta et The Fairways Completed/Sold $487,090 35184 WEBB PL Augusta at The Fairways Completed/Sold $536,195 35188 WEBB PL Augusta et The Fairways Completed/Sold $465,630 35196 WEBB PL Augusta at The Fairways Completed/Sold $502,910 35209 PRICE ST Augusta et The Fairways Completed/Sold $524,290 35207 PRICE 5T Augusta at The Fairways Completed/Sold $492,695 11764 MURRAY WAY Augusta at The Fairways Completed/Sold $473,605 11756 MURRAY WAY Augusta at The Fairways Completed/Sold $504,440 11742 MURRAV WAY Augusta et The Fairways Completed/Sold $499,490 11738 MURRAY WAY Augusta at The Fairways Completed/Sold $511,490 11726 MURRAV WAY Augusta et The Fairways Completed/Sold $517,310 35199 WEBB PL Augusta et The Fairways Completed/Sold $496,960 35193 WEBB PL Augusta et The Fairways Completed/Sold $540,301 35187 WEBB PL Augusta at The Fairways Completed/Sold $516,515 35185 WEBB PL Augusta et The Fairways Completed/Sold $473,735 35181 WEBB PL Augusta at The Fairways Completed/Sold $517,415 35177 WEBB PL Augusta et The Fairways Completed/Sold $545,575 35173 WEBB PL Augusta at The Fairways Completed/Sold $496,265 35169 WEBB PL Augusta et The Fairways Completed/Sold $479,460 35165 WEBB PL Augusta at The Fairways Completed/Sold $493,078 35159 WEBB PL Augusta et The Fairways Completed/Sold $526,278 35157 WEBB PL Augusta et The Fairways Completed/Sold $457,556 35153 WEBB PL Augusta et The Fairways Completed/Sold $477,561 35149 WEBB PL Augusta et The Fairways Completed/Sold 5503,305 35147 WEBB PL Augusta at The Fairways Completed/Sold 5461,942 17713 GILMORE DR Augusta at The Fairways Completed/Sold 5436,952 11909 PRICE ST Augusta at The Fairways Model Home 5448,940 11915 PRICE ST Augusta at The Fairways Model Home 5401,940 11921 PRICE ST Augusta at The Fairways Model Home $450,000 11927 PRICE ST Augusta at The Fairways Under Construction 5231,000 11935 PRICE ST Augusta at The Fairways Under Construction 5231,000 11943 PRICE ST Augusta at The Fairways Under Construction 5231,000 11951 PRICE ST Augusta at The Fairways Under Construction 5231,000 11959 PRICE 5T Augusta at The Fairways Completed/Sold 5554,376 35103 FUNK WAY Augusta at The Fairways Completed/Sold 5406,040 35107 FUNK WAY Augusta at The Fairways Completed/Sold 5590,335 35111 FUNK WAY Augusta at The Fairways Completed/Sold 5533,653 35115 FUNK WAY Augusta at The Fairways Completed/Sold 5556,323 35119 FUNK WAY Augusta at The Fairways Completed/Sold 5602,967 35123 FUNK WAY Augusta at The Fairways Completed/Sold 5556,251 35127 FUNK WAY Augusta at The Fairways Completed/Sold 5574,173 35131 FUNK WAY Augusta at The Fairways Completed/Sold 5597,235 35135 FUNK WAY Augusta at The Fairways Completed/Sold 5582,267 35143 FUNK WAY Augusta at The Fairways Completed/Sold 5566,972 35147 FUNK WAY Augusta at The Fairways Completed/Sold $594,809 35151 FUNK WAY Augusta at The Fairways Completed/Sold 5533,052 35155 FUNK WAY Augusta at The Fairways Completed/Sold $564,804 35159 FUNK WAY Augusta at The Fairways Completed/Sold 5561,765 35154 FUNK WAY Augusta at The Fairways Completed/Sold 5559,745 35152 FUNK WAY Augusta at The Fairways Completed/Sold 5575,504 35146 FUNK WAY Augusta at The Fairways Completed/Sold 5512,983 35140 FUNK WAY Augusta at The Fairways Completed/Sold 5585,791 35132 FUNK WAY Augusta at The Fairways Completed/Sold 5557,894 35128 FUNK WAY Augusta at The Fairways Completed/Sold 5513,876 35124 FUNK WAY Augusta at The Fairways Completed/Sold $569,899 35120 FUNK WAY Augusta at The Fairways Completed/Sold 5550,789 35118 FUNK WAY Augusta at The Fairways Completed/Sold 5532,103 35112 FUNK WAY Augusta at The Fairways Completed/Sold 5503,961 35110 FUNK WAY Augusta at The Fairways Under Construction $231,000 11918 PRICE ST Augusta at The Fairways Under Construction 5231,000 11912 PRICE ST Augusta at The Fairways Under Construction 5231,000 11803 WRIGHT CIR Augusta at The Fairways Completed/Sold 5509,286 11809 WRIGHTCIR Augusta at The Fairways Completed/Sold 5470,097 11915 WRIGHTCIR Augusta et The Fairways Completed/Sold 5545,388 11917 WRIGHTCIR Augusta at The Fairways Completed/Sold 5464,190 11926 WRIGHTCIR Augusta at The Fairways Completed/Sold 5527,839 11924 WRIGHTCIR Augusta at The Fairways Completed/Sold 5487,753 11920 WRIGHTCIR Augusta at The Fairways Completed/Sold 5530,328 11916 WRIGHTCIR Augusta at The Fairways Completed/Sold 5502,900 11912 WRIGHTCIR Augusta at The Fairways Completed/Sold 5509,612 11908 WRIGHTCIR Augusta at The Fairways Completed/Sold 5501,753 11906 WRIGHTCIR Augusta at The Fairways Completed/Sold 5511,657 35161 FUNK WAY Augusta at The Fairways Completed/Sold 5559,600 35167 FUNK WAY Augusta at The Fairways Completed/Sold 5557,355 35171 FUNK WAY Augusta at The Fairways Completed/Sold 5562,790

Page 680 of 1064 ends

400690004
400690005 26B 27 ELMA CATHERINE LACHICA RABAYA
400690006 26B 28 HARTO WAHYUDI
400690007 26B 29 VELMA FURDGE-MCBRIDE
400690008 26B 30 JASON JONATHAN RADTKE
400690009 26B 31 MICHAEL REED
400690010 26B 32 LUCILLE G. JOHNSON
400690011 26B 33 RAJIB KARMAKAR
400690012 26B 34 CORAZON ENRILE MASAQUEL
400690013 26B 35 JANELYN G. OGOY
400690014 26B 36 KAYWEAN TESS GARDNER
400690015 26B 37 DANNY LEE HERNANDEZ
400690016 26B 38 JESUS MANUEL RAMIREZ
400690017 26B 39 DESHAWNE T. FORTE
400690018 26B 40 MARIA DEL SOL TORRES-REYES 35239 FUNK WAY Augusta at The Fairways Completed/Sold $609,990 400690019 26B 41 MELISSA BRIDGES
400690020 26B 42 FARIS SHULEIH MOHAMMAD ALSHAMMARI 35247 FUNK WAY Augusta at The Fairways Completed/Sold $555,000 400690021 26B 43 JACQUELINE L. SMITH 35251 FUNK WAY Augusta at The Fairways Completed/Sold $606,620 400690022 26B 44 KYLE DARST
400690023 26B 45 GRAJELYN ARROGANTE MAYANG
400690024 26B 46 VOROBYEV TRUST DTD 10/07/19
400690025 26B 47 VIRGINIA JOANNA PONCE ORDAZ
400690026 26B 48 MARCELA GUTIERREZ
400690027 26B 49 ORLANDO BOJORQUEZ
400690028 26B 50 ROBERTO MACIAS
400690029 26B 51 TERESA M. SOTO
400690030 26B 52 TUAN TRUNG NGUYEN
400690031 26B 53 BONIFER BARTOLOME
400691001 26B 54 SOPHIA MARCELLA OCHOA
400691002 26B 55 JENNIFER SALINA WALKER
400691003 26B 56 RACHEL ANNE CASTANEDA
400691004 26B 57 ALYSSA ANN KALMAR
400691005 26B 58 NADIA SEYED CASTRO
400691006 26B 59 VAADA NIKOLE BASS
400691007 26B 60 JOSHUA NICHOLAS ANAYA
400691008 26B 61 GREGORY SCOTT FARLEY
400691009 26B 62 DAVID LIVING TRUST DATED 06/08/2017
400691010 26B 63 BLAKE A. STICH
400691011 26B 64 MARIA LUISA CORONEL
400691012 26B 65 RYAN MICHAEL TAYLOR
400691013 26B 66 JACQUEUNE MACIAS
400691014 26B 67 EDURADO DANIEL NEIRA CULMA
400691015 26B 68 MITZIRUBI MARTINEZ
400691016 26B 69 JAKE STEVEN VIGIL
400691017 26B 70 TIFFANY CANDELARIA
400691018 26B 71 EMMANUELABRILGEREZ
400691019 26B 72 WHITE FAMILY REVOCABLE LIVING TRUST DTDO5/30/18 400691020 26B 73 JOHN RICHARD TRUDEAU
400691021 26B 74 JAMES EARL UNGARD
400691022 26B 75 VICTORIA NICOLE ANGUTANO
400691023 26B 76 JOHN ROMEO BACTISTA ROQUE
400691024 26B 77 EDUARDO IGNACIO ACEVES VELARDE
400700001 25B 1 WOODSIDE 05S
400700002 25B 2 WOODSIDE 05S
400700003 25B 3 WOODSIDE 05S
400700004 25B 4 WOODSIDE 05S
400700005 25B 5 WOODSIDE 05S
400700006 25B 6 WOODSIDE 05S
400700007 25B 7 WOODSIDE 05S
400700008 25B 8 KYRYL LEDESMA
400700009 25B 9 LIZETTE GONZALEZ
400700010 25B 10 JORETEG REV LIVING TRUST DTD 5/19/06
400700011 25B 11 CHRISTOPHER GARRETT RUSSELL
400700012 25B 12 ARMANDOGARDUNO
400700013 25B 13 KEVIN GOMEZ
400700014 25B 14 ALEC ACEVEDO
400700015 25B 15 CANDICE X. YOUNG
400700016 25B 16 DAVID SAMUEL CAMPBELL
400700017 25B 17 AMIR S. DHILLON
400700018 25B 18 DAVID HUTAJULU
400700019 25B 19 ERIC VAN FINDLEY
400700020 25B 20 JAZMINE MATA
400700021 25B 21 JEREMY MICHALSKI
400700022 25B 22 PATIENCE GARON
400700023 25B 23 VIVIAN THI NGUYEN
400700024 25B 24 VONIS BERNAL
400700025 25B 25 AMY DENISE CORTES
400700026 25B 26 MARY Y PEREZ HUERTA
400700027 25B 27 RAMANDEEP KAUR
400700028 25B 28 MICHAEL MAURICE CARMONA
400700029 25B 29 JOEL MORDEHAI MAYA
400700030 25B 30 BRYAN BENSON
400701001 25B 31 KYO YOUNG CHOI
400701002 25B 32 VIENGTHAI MOUNIVONG
400701003 25B 33 CHERNG-JU KIM
400701004 25B 34 PLUNKETT LIVING TRUST DTD 09/01/18 11534 ALANA LN RidgeView at The Fairways Completed/Sold 400701005 25B 35 PATRICE D. WILLIAMS
400701006 25B 36 AARON MUNOZ
400701007 25B 37 JOSEPH GRANT MINED
400701008 25B 38 TOBY OSAKO
400701009 25B 39 CHRISTOPHER RAYMOND QUEZADA
400701010 25B 40 ALBERT ALAN FLORES
400701011 25B 41 JEFFREYCALLEJO
400701012 25B 42 KAREN BJAE T AYE
400701013 25B 43 THOMASCHHU
400701014 25B 44 GAVIN COOK
400701015 25B 45 RUTICK LLC
400701016 25B 46 JAY RUTHERFORD
400701017 25B 47 JOSE ALBERTO CARRANZA PERALTA
400701018 25B 48 SAYAKA RYAN
400702001 25B 49 JAMES RUBIO
400702002 25B 50 ROBERTO VASCONCELLOS
400702003 25B 51 FRANCISCO GIOVANNI MAGANA
400702004 25B 52 SHAWN KOHNLE
400702005 25B 53 MARIANA FLORES ROMO
400702006 25B 54 KIMBERLY VELARDE
400702007 25B 55 MICHAEL PATRICK ROCHE
400702008 25B 56 RAYMOND-ANDRE SIU YOUNG
26B 26 FREDDIE PHUMIRAT
35173 FUNK WAY
35179 FUNK WAY
35183 FUNK WAY
35187 FUNK WAY
35193 FUNK WAY
35197 FUNK WAY Augusta at The Fairways Completed/Sold $580,490 35199 FUNK WAY Augusta at The Fairways Completed/Sold $656,065 35205 FUNK WAY Augusta at The Fairways Completed/Sold 5587,990 35211 FUNK WAY Augusta at The Fairways Completed/Sold 5574,240 35217 FUNK WAY Augusta at The Fairways Completed/Sold 5627,490 35221 FUNK WAY Augusta at The Fairways Completed/Sold 5560,925 35227 FUNK WAY Augusta at The Fairways Completed/Sold 5541,885 35233 FUNK WAY Augusta at The Fairways Completed/Sold 5566,990 35235 FUNK WAY Augusta at The Fairways Completed/Sold 5571,965 Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways
Augusta at The Fairways Completed/Sold 5588,185
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
5595,620
5589,785
5587,590
5450,269
35243 FUNK WAY Augusta at The Fairways Completed/Sold 5559,990 35255 FUNK WAY Augusta at The Fairways Completed/Sold 5585,465 35259 FUNK WAY Augusta at The Fairways Completed/Sold 5519,990 35263 FUNK WAY Augusta at The Fairways Completed/Sold 5430,890 35269 FUNK WAY Augusta at The Fairways Completed/Sold 5406,990 35273 FUNK WAY Augusta at The Fairways Completed/Sold 5450,000 35277 FUNK WAY Augusta at The Fairways Completed/Sold 5567,582 35281 FUNK WAY Augusta at The Fairways Completed/Sold 5406,990 35285 FUNK WAY Augusta at The Fairways Completed/Sold $450,000 35289 FUNK WAY Augusta at The Fairways Completed/Sold 5430,890 35293 FUNK WAY Augusta at The Fairways Completed/Sold 5406,990 35288 FUNK WAY Augusta at The Fairways Completed/Sold 5430,890 35280 FUNK WAY Augusta at The Fairways Completed/Sold $450,000 35276 FUNK WAY Augusta at The Fairways Completed/Sold 5547,990 35272 FUNK WAY Augusta at The Fairways Completed/Sold 5430,890 35266 FUNK WAY Augusta at The Fairways Completed/Sold 5450,000 35260 FUNK WAY Augusta at The Fairways Completed/Sold 5590,885 35254 FUNK WAY Augusta at The Fairways Completed/Sold 5541,500 35248 FUNK WAY Augusta at The Fairways Completed/Sold 5585,530 35242 FUNK WAY Augusta at The Fairways Completed/Sold 5570,695 35236 FUNK WAY Augusta at The Fairways Completed/Sold 5591,285 35228 FUNK WAY Augusta at The Fairways Completed/Sold 5450,000 35220 FUNK WAV Augusta at The Fairways Completed/Sold 5551,415 35216 FUNK WAY Augusta at The Fairways Completed/Sold 5570,500 35210 FUNK WAY Augusta at The Fairways Completed/Sold 5601,085 35202 FUNK WAY Augusta at The Fairways Completed/Sold 5529,750 35200 FUNK WAY Augusta at The Fairways Completed/Sold 5589,515 35194 FUNK WAY Augusta at The Fairways Completed/Sold 5585,490 35188 FUNK WAY Augusta at The Fairways Completed/Sold 5521,990 35184 FUNK WAY Augusta at The Fairways Completed/Sold 5545,490 35178 FUNK WAY Augusta at The Fairways Completed/Sold 5568,250 35172 FUNK WAY Augusta at The Fairways Completed/Sold 5544,705 35168 FUNK WAY Augusta at The Fairways Completed/Sold 5566,400 35162 FUNK WAY Augusta at The Fairways Completed/Sold 5589,452 35160 FUNK WAY Augusta at The Fairways Completed/Sold 5509,760 11479 BING ST
11485 BING ST RidgeView at The Fairways Completed/Sold 5460,000 11491 BING ST
35403 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold $460,000 35411 ALEXANDRIA WAY
35417 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold $460,000 35419 ALEXANDRIA WAY
35423 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5429,240 35431 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5560,064 35437 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5429,240 35445 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold $672,560 35449 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5568,247 35457 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold $637,268 35461 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5679,232 35465 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5532,966 35471 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5589,700 35475 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5669,593 35479 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold $542,809 35481 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5631,799 35487 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5509,803 35495 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5725,134 11513 ALANA LN RidgeView at The Fairways Completed/Sold $531,138 11517 ALANA W RidgeView at The Fairways Completed/Sold 5583,939 11521 ALANA LN RidgeView at The Fairways Completed/Sold 5635,485 11527 ALANA LN RidgeView at The Fairways Completed/Sold 5492,202 11535 ALANA LN RidgeView at The Fairways Completed/Sold 5635,801 11539 ALANA LN RidgeView at The Fairways Completed/Sold 5583,790 11543 ALANA 111 RidgeView at The Fairways Completed/Sold 5550,702 11545 ALANA W RidgeView at The Fairways Completed/Sold 5675,744 11549 ALANA LN RidgeView at The Fairways Completed/Sold 5563,509 11550 ALANA W RidgeView at The Fairways Completed/Sold 5714,442 11542 ALANA LN RidgeView at The Fairways Completed/Sold 5574,090 11538 ALANA RidgeView at The Fairways Completed/Sold 5549,566 RidgeView at The Fairways Completed/Sold
5460,000
RidgeView at The Fairways Completed/Sold
$460,000
RidgeView at The Fairways Completed/Sold
5460,000
RidgeView at The Fairways Completed/Sold
5460,000
$460,000
11526 ALANA RidgeView at The Fairways Completed/Sold 5627,539 11520 ALANA LN RidgeView at The Fairways Completed/Sold 5577,191 11516 ALANA LN RidgeView at The Fairways Completed/Sold 5715,964 11512 ALANA LN RidgeView at The Fairways Completed/Sold 5572,260 11506 ALANA LN RidgeView at The Fairways Completed/Sold 5632,482 11498 KYLER DR RidgeView at The Fairways Completed/Sold 5566,480 11494 KYLER DR RidgeView at The Fairways Completed/Sold 5660,797 11488 KYLER DR RidgeView at The Fairways Completed/Sold 5556,567 11482 KYLER DR RidgeView at The Fairways Completed/Sold 5693,600 11480 KYLER DR RidgeView at The Fairways Completed/Sold 5660,720 11474 KYLER DR RidgeView at The Fairways Completed/Sold 5534,440 11470 KYLER DR RidgeView at The Fairways Completed/Sold 5657,900 11468 KYLER DR RidgeView at The Fairways Completed/Sold 5625,239 11462 KYLER DR RidgeView at The Fairways Completed/Sold 5529,243 35498 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5591,251 35490 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5592,480 35486 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5624,490 35482 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5540,000 35478 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5536,424 35472 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5469,940 35464 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5610,275 35452 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 5552,321

Page 681 of 1064 ends

400702009
400702010 25B 58 WOODSIDE 05S
400702011 25B 59 MARK ANGELO SUNGLAO SAMPANG
400702012 25B 60 NIEVA CASTIGADOR
400702013 25B 61 WOODSIDE 05S
400702014 25B 62 WOODSIDE 05S
400702015 25B 63 GLANVILLE BABROW
400702016 25B 64 SHAROL MOORE
400702017 25B 65 KRYSTINNA LAN HA
400702018 25B 66 JAVIER CLIFT
400702019 25B 67 GERARDO CHAVEZ
400702020 25B 68 WOODSIDE 05S
400702021 25B 69 WOODSIDE 055
400702022 25B 70 WOODSIDE 05S
400702023 25B 71 WOODSIDE 055
400702024 25B 72 WOODSIDE 05S
400702025 25B 73 WOODSIDE 055
400710001 25A 1 WOODSIDE 05S
400710002 25A 2 WOODSIDE O55
400710003 25A 3 WOODSIDE 05S 35209 ZACHARY WAV RidgeView at The Fairways Under Construction $226,000 400710004 25A 4 WOODSIDE 055 35213 ZACHARY WAY RidgeView at The Fairways Under Construction $226,000 400710005 25A 5 WOODSIDE 05S 35215 ZACHARY WAV RidgeView at The Fairways Under Construction $226,000 400710006 25A 6 WOODSIDE 055 35217 ZACHARY WAY RidgeView at The Fairways Under Construction $226,000 400710007 25A 7 WOODSIDE 05S 35221 ZACHARY WAV RidgeView at The Fairways Under Construction $226,000 400710008 25A 8 WOODSIDE 055 35225 ZACHARY WAY RidgeView at The Fairways Under Construction $226,000 400710009 25A 9 WOODSIDE 05S 35227 ZACHARY WAV RidgeView at The Fairways Under Construction $226,000 400710010 25A 10 WOODSIDE 055
400710011 25A 11 WOODSIDE 05S 35231 ZACHARY WAV RidgeView at The Fairways Completed/Sold $460,000 400710012 25A 12 WOODSIDE 055
400710013 25A 13 WOODSIDE 05S 35239 ZACHARY WAV RidgeView at The Fairways Completed/Sold $460,000 400710014 25A 14 WOODSIDE 055
400710015 25A 15 CHRISCHANTHAIAKEO 35247 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 400710016 25A 16 ALEX STEVEN SERNA
400710017 25A 17 MACKENZIE CADY 35255 ZACHARY WAV RidgeView at The Fairways Completed/Sold $460,000 400710018 25A 18 HARIAND GREGORY (ARGENT 35259 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 400710019 25A 19 PHAN MINH VU 35261 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 400710020 25A 20 ALEXANDRIA MARIA DE LA TORRE 35273 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 400710021 25A 21 CRISTA NICOLE DOWNEY
400710022 25A 22 CADY MARCYTRUST DTD 12/04/07
400710023 25A 23 ERIC BRIGGS
400710024 25A 24 WARREN ALAN HALL 35287 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400710025 25A 25 RAUL ALEJANDRO GARZON
400710026 25A 26 GILBERTOPINEDA
400710027 25A 27 JULIO ALEJANDRO CHAVEZ BARRAGAN JULIO
400710028 25A 28 DONALD E. THOMAS
400710029 25A 29 JUSTIN B. WILBUR
400710030 25A 30 JOSEPH THOMAS RAUM
400710031 25A 31 ADAN CALDERON
400710032 25A 32 LIZETTE MACIEL
400710033 25A 33 LUIS E. SOTO
400710034 25A 34 ALLEN B. MCGOWAN
400710035 25A 35 EFREN MORA
400711001 25A 81 WOODSIDE 055
400711002 25A 82 WOODSIDE 05S
400711003 25A 83 WOODSIDE 055 11537 JACK ST RidgeView at The Fairways Model Home 400711004 25A 84 WOODSIDE 05S
400711005 25A 85 WOODSIDE 055
400711006 25A 86 WOODSIDE 05S 35336 AUBREY LN RidgeView at The Fairways Model Home 400711007 25A 87 WOODSIDE 055
400711008 25A 88 WOODSIDE 05S
400711009 25A 89 WOODSIDE 055
400711010 25A 90 WOODSIDE 05S
400711011 25A 91 WOODSIDE 055
400711012 25A 92 WOODSIDE 05S
400711013 25A 93 WOODSIDE 055
400711014 25A 94 WOODSIDE 05S
400711015 25A 95 WOODSIDE 055
400711016 25A 96 WOODSIDE 05S
400711017 25A 97 FLOYD RIVERS
400711018 25A 98 ARISTOTLE MAGSINO ESTOLANO
400711019 25A 99 FEDERICO ARMANDOAREVALO
400711020 25A 100 WOODSIDE 05S
400711021 25A 101 TERESATINKLER
400711022 25A 102 ROBERT OCHOA
400711023 25A 103 GUSTAVO A. PUBILL
400711024 25A 104 TERRENCE PEARSON
400711025 25A 105 LYNN DIANE LOPEZ
400711026 25A 106 100 TYLER VAN
400711027 25A 107 MIGUEL ANGEL BETANCOURT
400711028 25A 108 NAELA HATAMLEH
400711029 25A 109 GIANCARLOARELJARQUIN
400711030 25A 110 KYLE HOMSTAD
400711031 25A 111 GLORIA C. LEYBA
400711032 25A 112 ENILDA 0. GONZALEZ
400711033 25A 113 AARON JAMES HARKLESS
400711034 25A 114 PRINCE ABRIGO BATAUSA
400711035 25A 115 GUSTAVO JIMENEZ
400711036 25A 116 LUNDY KIM 35266 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400711037 25A 117 DANIEL A. BORREGO 35262 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400711038 25A 118 NOE OSMAN CARDONA
400711039 25A 119 WOODSIDE 05S 35252 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400711040 25A 120 WOODSIDE 05S
400711041 25A 121 WOODSIDE 05S 35242 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400711042 25A 122 WOODSIDE 05S 35240 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400711043 25A 123 WOODSIDE 055 35236 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400711044 25A 124 WOODSIDE 05S 35232 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400711045 25A 125 WOODSIDE 055 35230 ZACHARY WAY RidgeView at The Fairways Completed/Sold 400711046 25A 126 WOODSIDE 05S
400720001 25A 36 DATRICE LYNETTE ROBERSON
400720002 25A 37 AUSTIN DAVIS
400720003 25A 38 ROBERT JOHNSON
400720004 25A 39 NATHAN BARBA
400720005 25A 40 SAIGE MICHELLE DARROW
400720006 25A 41 LEIFRIDA MANELLE P GARCIA
400720007 25A 42 SANCHAYAN BANERJEE
400720008 25A 43 RAFAEL CHAVEZ
400720009 25A 44 LESLIE CARRILLO-ESCOBAR
400720010 25A 45 PHILIP A. BUCKLEY
25B 57 WOODSIDE 055
35446 ALEXANDRIA WAY
35440 ALEXANDRIA WAY
35434 ALEXANDRIA WAY
35428 ALEXANDRIA WAY RidgeView at The Fairways
35422 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 35418 ALEXANDRIA WAY RidgeView at The Fairways Completed/Sold 35595 ROXY RD RidgeView at The Fairways Completed/Sold $601,269 35591 ROXY RD RidgeView at The Fairways Completed/Sold $611,999 RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
$469,940
$429,240
$582,854
$469,940
$460,000
$460,000
RidgeView at The Fairways Completed/Sold $496,540
35581 ROXY RD RidgeView at The Fairways Completed/Sold $597,766 35579 ROXY RD RidgeView at The Fairways Completed/Sold $606,298 35567 ROXY RD RidgeView at The Fairways Under Construction $226,000 35555 ROXY RD RidgeView at The Fairways Completed/Sold
35541 ROXY RD RidgeView at The Fairways Under Construction $226,000 35537 ROXY RD RidgeView at The Fairways Completed/Sold
35531 ROXY RD RidgeView at The Fairways Model Home $425,440 35525 ROXY RD RidgeView at The Fairways Completed/Sold $465,840 35203 ZACHARY WAY RidgeView at The Fairways Under Construction $226,000 35205 ZACHARY WAY RidgeView at The Fairways Under Construction $226,000 $460,000
$460,000
35229 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000
35235 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000
35241 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000
35251 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000
35277 ZACHARY WAY RidgeView at The Fairways Completed/Sold 35281 ZACHARY WAY RidgeView at The Fairways Completed/Sold 35285 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 $460,000
$460,000
$460,000
35291 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 35293 ZACHARY WAY RidgeView at The Fairways Completed/Sold $480,000 35297 ZACHARY WAY RidgeView at The Fairways Completed/Sold $546,200 11592 AIANA LN RidgeView at The Fairways Completed/Sold $460,000 11586 ALANA LN RidgeView at The Fairways Completed/Sold $477,833 11580 ALANA LN RidgeView at The Fairways Completed/Sold $582,589 11574 ALANA LN RidgeView at The Fairways Completed/Sold $610,207 11570 AIANA IN RidgeView at The Fairways Completed/Sold $527,041 11566 ALANA LN RidgeView at The Fairways Completed/Sold $468,093 11560 ALANA IN RidgeView at The Fairways Completed/Sold $584,176 11554 ALANA LN RidgeView at The Fairways Completed/Sold $550,400 15521 JACK ST RidgeView at The Fairways Under Construction $226,000 11531 JACK ST RidgeView at The Fairways Model Home $408,496 $460,000
11541 JACK ST RidgeView at The Fairways Model Home $460,000 11551 JACK 5T RidgeView at The Fairways Under Construction $226,000 $460,000
35338 AUBREY LN RidgeView at The Fairways Under Construction $226,000 35320 AUBREY LN RidgeView at The Fairways Under Construction $226,000 35312 AUBREYLN RidgeView at The Fairways Under Construction $226,000 35315 AUBREYLN RidgeView at The Fairways Under Construction $226,000 35319 AUBREY LN RidgeView at The Fairways Under Construction $226,000 35323 AUBREYLN RidgeView at The Fairways Under Construction $226,000 35327 AUBREY LN RidgeView at The Fairways Under Construction $226,000 35331 AUBREYLN RidgeView at The Fairways Under Construction $226,000 35337 AUBREY LN RidgeView at The Fairways Under Construction $226,000 35341 AUBREYLN RidgeView at The Fairways Under Construction $226,000 35345 AUBREY LN RidgeView at The Fairways Completed/Sold 5536,131 35349 AUBREY LN RidgeView at The Fairways Completed/Sold $473,396 35353 AUBREY LN RidgeView at The Fairways Completed/Sold $499,008 35357 AUBREYLN RidgeView at The Fairways Completed/Sold $460,000 35361 AUBREY LN RidgeView at The Fairways Completed/Sold $530,300 35365 AUBREY LN RidgeView at The Fairways Completed/Sold $472,568 35369 AUBREY LN RidgeView at The Fairways Completed/Sold $535,549 35373 AUBREY LN RidgeView at The Fairways Completed/Sold $535,048 35377 AUBREY LN RidgeView at The Fairways Completed/Sold $559,670 35381 AUBREY LN RidgeView at The Fairways Completed/Sold $467,184 35385 AUBREYLN RidgeView at The Fairways Completed/Sold $517,151 35389 AUBREY LN RidgeView at The Fairways Completed/Sold $522,500 35296 ZACHARY WAY RidgeView at The Fairways Completed/Sold $532,067 35292 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 35288 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 35286 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 35280 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 35278 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 35274 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 $460,000
$460,000
35258 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 $460,000
35248 ZACHARY WAY RidgeView at The Fairways Completed/Sold $460,000 $460,000
$460,000
$460,000
$460,000
$460,000
35226 ZACHARY WAY RidgeView at The Fairways Under Construction $226,000 11551 ALANA LN RidgeView at The Fairways Completed/Sold $606,395 11553 ALANA LN RidgeView at The Fairways Completed/Sold $477,905 11557 AIANA LN RidgeView at The Fairways Completed/Sold $536,742 11563 ALANA LN RidgeView at The Fairways Completed/Sold $571,154 11569 ALANA IN RidgeView at The Fairways Completed/Sold $507,213 11571 ALANA LN RidgeView at The Fairways Completed/Sold $563,789 11572 RYLYNN ST RidgeView at The Fairways Completed/Sold $510,800 11568 RYLYNN ST RidgeView at The Fairways Completed/Sold 5531,977 11562 RYLYNN ST RidgeView at The Fairways Completed/Sold 5495,720 11556 RYLYNN 5T RidgeView at The Fairways Completed/Sold 5538,926

Page 682 of 1064 ends

400720011 25A 46
400720012 25A 47 COREY GARCIA
400720013 25A 48 JAYRAJSINH PARMAR
400720014 25A 49 CECILIA FEDERMAN
400720015 25A 50 CHANDRA E. TYLER
400720016 25A 51 BRITTANY E. HULEN
400720017 25A 52 GONZALO HAROS CARLOS
400720018 25A 53 JOEL MAGULIMAN
400720019 25A 54 WOODSIDE O55
400720020 25A 55 WOODSIDE O5S
400720021 25A 56 WOODSIDE 055
400720022 25A 57 WOODSIDE O5S
400720023 25A 58 WOODSIDE O55
400721001 25A 59 LATASHA N. SINGLETON
400721002 25A 60 CIERRAJACKLYN CORSARO
400721003 25A 61 LIVING HOPE REV LIVING TRUST DTD 3/28/22 400721004 25A 62 ANAL! MENDOZA NGUYEN 11565 RYLYNN ST RidgeView at The Fairways Completed/Sold $448,961 400721005 25A 63 MATTHEW A. LINDSLEY
400721006 25A 64 JOHANA DANS
400721007 25A 65 JEANETTE LASSO 11560 HANNA ST
400721008 25A 66 ZAYN MAI THAO 11554 HANNA ST
400721009 25A 67 ALANA E. VEGA 11548 HANNA ST
400721010 25A 68 BRITTANY KIA TUNG 11542 HANNA ST
400722001 25A 69 PETER SIERRA 11537 HANNA ST
400722002 25A 70 ROLANDO QUTAMBAOAMAMEDA 11541 HANNA ST 400722003 25A 71 CHERRY GAWARAN 11547 HANNA ST
400722004 25A 72 CATALINA BARRAZA GOMEZ 11551 HANNA ST
400722005 25A 73 TRUDY L SMITH 11557 HANNA ST
400722006 25A 74 ERIK JUAREZ 11561 HANNA ST RidgeView at The Fairways 400722007 25A 75 WOODSIDE O5S 11558 JACK ST RidgeView at The Fairways Under Construction $226,000 400722008 25A 76 WOODSIDE O55 11554 JACK ST RidgeView at The Fairways Under Construction $226,000 400722009 25A 77 WOODSIDE O5S 11548 JACK ST RidgeView at The Fairways Under Construction $226,000 400722010 25A 78 WOODSIDE O55 11542 JACK ST RidgeView at The Fairways Under Construction $226,000 400722011 25A 79 WOODSIDE O5S 11536 JACK ST RidgeView at The Fairways Under Construction $226,000 400722012 25A 80 WOODSIDE O55 11530 JACK ST RidgeView at The Fairways Under Construction $226,000 400730001 25C 1 RICHMOND AMERICAN HOMES OF MARYLAND INC 11464 KYLER DR Seasons at The Fairways Under Construction $234,000 400730002 25C 2 RICHMOND AMERICAN HOMES OF MARYLAND INC 11468 KYLER DR Seasons at The Fairways Under Construction $234,000 400730003 25C 3 RICHMOND AMERICAN HOMES OF MARYLAND INC 11472 KYLER DR Seasons at The Fairways Under Construction $234,000 400730004 25C 4 RICHMOND AMERICAN HOMES OF MARYLAND INC 11478 KYLER DR Seasons at The Fairways Under Construction $234,000 400730005 25C 5 RICHMOND AMERICAN HOMES OF MARYLAND INC 11482 KYLER DR Seasons at The Fairways Under Construction $234,000 400730006 25C 6 RICHMOND AMERICAN HOMES OF MARYLAND INC 11486 KYLER DR Seasons at The Fairways Under Construction $234,000 400730007 25C 7 RICHMOND AMERICAN HOMES OF MARYLAND INC 11490 KYLER DR Seasons at The Fairways Under Construction $234,000 400730008 25C 8 RICHMOND AMERICAN HOMES OF MARYLAND INC 11492 KYLER DR Seasons at The Fairways Under Construction $234,000 400730009 25C 9 RICHMOND AMERICAN HOMES OF MARYLAND INC 11494 KYLER DR Seasons at The Fairways Under Construction $234,000 400730010 25C 10 RICHMOND AMERICAN HOMES OF MARYLAND INC 11496 KYLER DR Seasons at The Fairways Under Construction $234,000 400730011 25C 11 RICHMOND AMERICAN HOMES OF MARYLAND INC 11498 KYLER DR Seasons at The Fairways Under Construction $234,000 400730012 25C 12 RICHMOND AMERICAN HOMES OF MARYLAND INC 11502 KYLER DR Seasons at The Fairways Under Construction $234,000 400730013 25C 13 RICHMOND AMERICAN HOMES OF MARYLAND INC 11508 KYLER DR Seasons at The Fairways Under Construction $234,000 400730014 25C 14 RICHMOND AMERICAN HOMES OF MARYLAND INC 11512 KYLER DR Seasons at The Fairways Under Construction $234,000 400730015 25C 15 RICHMOND AMERICAN HOMES OF MARYLAND INC 11514 KYLER DR Seasons at The Fairways Under Construction $234,000 400730016 25C 16 RICHMOND AMERICAN HOMES OF MARYLAND INC 11518 KYLER DR Seasons at The Fairways Finished Lot $234,000 400730017 25C 17 RICHMOND AMERICAN HOMES OF MARYLAND INC 11522 KYLER DR Seasons at The Fairways Finished Lot $234,000 400730018 25C 18 RICHMOND AMERICAN HOMES OF MARYLAND INC 11517 KYLER DR Seasons at The Fairways Finished Lot $234,000 400730019 25C 19 RICHMOND AMERICAN HOMES OF MARYLAND INC 11513 KYLER DR Seasons at The Fairways Finished Lot $234,000 400730020 25C 20 RICHMOND AMERICAN HOMES OF MARYLAND INC 11507 KYLER DR Seasons at The Fairways Under Construction $234,000 400731001 25C 21 RICHMOND AMERICAN HOMES OF MARYLAND INC 35707 MICKELSON DR Seasons at The Fairways Under Construction $234,000 400731002 25C 22 RICHMOND AMERICAN HOMES OF MARYLAND INC 35715 MICKELSON DR Seasons at The Fairways Under Construction $234,000 400731003 25C 23 RICHMOND AMERICAN HOMES OF MARYLAND INC 35723 MICKELSON DR Seasons at The Fairways Under Construction $234,000 400731004 25C 24 RICHMOND AMERICAN HOMES OF MARYLAND INC 35731 MICKELSON DR Seasons at The Fairways Under Construction $234,000 400731005 25C 25 RICHMOND AMERICAN HOMES OF MARYLAND INC 11499 KYLER DR Seasons at The Fairways Under Construction $234,000 400731006 25C 26 RICHMOND AMERICAN HOMES OF MARYLAND INC 11497 KYLER DR Seasons at The Fairways Under Construction $234,000 400731007 25C 27 RICHMOND AMERICAN HOMES OF MARYLAND INC 11495 KYLER DR Seasons at The Fairways Under Construction $234,000 400731008 25C 28 RICHMOND AMERICAN HOMES OF MARYLAND INC 11493 KYLER DR Seasons at The Fairways Under Construction $234,000 400731009 25C 29 RICHMOND AMERICAN HOMES OF MARYLAND INC 11489 KYLER DR Seasons at The Fairways Under Construction $234,000 400731010 25C 30 RICHMOND AMERICAN HOMES OF MARYLAND INC 11487 KYLER DR Seasons at The Fairways Under Construction $234,000 400731011 25C 31 RICHMOND AMERICAN HOMES OF MARYLAND INC 11483 KYLER DR Seasons at The Fairways Under Construction $234,000 400731012 25C 32 RICHMOND AMERICAN HOMES OF MARYLAND INC 11481 KYLER DR Seasons at The Fairways Under Construction $234,000 400731013 25C 33 RICHMOND AMERICAN HOMES OF MARYLAND INC 11479 KYLER DR Seasons at The Fairways Under Construction $234,000 400731014 25C 34 RICHMOND AMERICAN HOMES OF MARYLAND INC 35596 ROXY RD Seasons at The Fairways Under Construction $234,000 400731015 25C 35 RICHMOND AMERICAN HOMES OF MARYLAND INC 35588 ROXY RD Seasons at The Fairways Under Construction $234,000 400731016 25C 36 RICHMOND AMERICAN HOMES OF MARYLAND INC 35580 ROXY RD Seasons at The Fairways Under Construction $234,000 400731017 25C 37 MICHAEL P. HAYNES 35572 ROXY RD Seasons at The Fairways Completed/Sold $407,779 400731018 25C 38 JEVON D. HUDSON 35564 ROXY RD Seasons at The Fairways Completed/Sold $530,000 400731019 25C 39 JOSEPH ANTHONY JAVIER MUNOZ 35558 ROXY RD Seasons at The Fairways Completed/Sold $530,000 400731020 25C 40 TINA M. RIKE 35540 ROXY RD Seasons at The Fairways Completed/Sold $543,379 400731021 25C 41 RICHMOND AMERICAN HOMES OF MARYLAND INC 35532 ROXY RD Seasons at The Fairways Finished Lot $234,000 400731022 25C 42 RICHMOND AMERICAN HOMES OF MARYLAND INC 35520 ROXY RD Seasons at The Fairways Finished Lot $234,000 400731023 25C 43 RICHMOND AMERICAN HOMES OF MARYLAND INC 35514 ROXY RD Seasons at The Fairways Model Home $521,479 400731024 25C 44 RICHMOND AMERICAN HOMES OF MARYLAND INC 35510 ROXY RD Seasons at The Fairways Model Home $530,000 400731025 25C 45 RICHMOND AMERICAN HOMES OF MARYLAND INC 35611 ALEXIS ST Seasons at The Fairways Finished Lot $234,000 400731026 25C 46 RICHMOND AMERICAN HOMES OF MARYLAND INC 35615 ALEXIS ST Seasons at The Fairways Finished Lot $234,000 400731027 25C 47 RICHMOND AMERICAN HOMES OF MARYLAND INC 35623 ALEXIS ST Seasons at The Fairways Finished Lot $234,000 400731028 25C 48 RICHMOND AMERICAN HOMES OF MARYLAND INC 35629 ALEXIS ST Seasons at The Fairways Completed/Sold $530,000 400731029 25C 49 RICHMOND AMERICAN HOMES OF MARYLAND INC 35631 ALEXIS ST Seasons at The Fairways Under Construction $234,000 400731030 25C 50 RICHMOND AMERICAN HOMES OF MARYLAND INC 35634 ALEXIS ST Seasons at The Fairways Under Construction $234,000 400731031 25C 51 RICHMOND AMERICAN HOMES OF MARYLAND INC 35628 ALEXIS ST Seasons at The Fairways Under Construction $234,000 400731032 25C 52 RICHMOND AMERICAN HOMES OF MARYLAND INC 35618 ALEXIS ST Seasons at The Fairways Completed/Sold $530,000 400731033 25C 53 MELDA PANDIAITAN 11560 BING ST Seasons at The Fairways Completed/Sold $530,000 400731034 25C 54 RICHMOND AMERICAN HOMES OF MARYLAND INC 11566 BING ST Seasons at The Fairways Completed/Sold $530,000 400731035 25C 55 RICHMOND AMERICAN HOMES OF MARYLAND INC 11578 BING ST Seasons at The Fairways Completed/Sold $530,000 400731036 25C 56 RICHMOND AMERICAN HOMES OF MARYLAND INC 11582 BING ST Seasons at The Fairways Completed/Sold $530,000 400731037 25C 57 RICHMOND AMERICAN HOMES OF MARYLAND INC 11581 BING ST Seasons at The Fairways Completed/Sold $530,000 400731038 25C 58 RICHMOND AMERICAN HOMES OF MARYLAND INC 11573 BING ST Seasons at The Fairways Completed/Sold $530,000 400731039 25C 59 JEREMY-ZALDS SANDOVAL 11565 BING ST Seasons at The Fairways Completed/Sold $530,000 400731040 25C 60 RICHMOND AMERICAN HOMES OF MARYLAND INC 11559 BING ST Seasons at The Fairways Completed/Sold $530,000 400731041 25C 61 RICHMOND AMERICAN HOMES OF MARYLAND INC 11547 BING ST Seasons at The Fairways Completed/Sold $530,000 400731042 25C 62 RICHMOND AMERICAN HOMES OF MARYLAND INC 11543 BING ST Seasons at The Fairways Under Construction $234,000

RONALD ZAGUIRRE BANTAYAN
11552 RYLYNN 5T
35364 IOSH DR
35358 JOSH DR
35354 IOSH DR
35350 JOSH DR
35346 JOSH DR
35342 JOSH DR
35336 IOSH DR
35332 JOSH DR
35328 JOSH DR
35320 JOSH DR
35314 IOSH DR
35302 JOSH DR
11549 RYLYNN ST
11553 RYLYNN ST
11561 RYLYNN ST
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
$501,160
$460,643
$517,689
$463,766
$460,000
$520,369
$542,447
$476,632
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
$226,000
$226,000
$226,000
$226,000
$226,000
Completed/Sold
Completed/Sold
Completed/Sold
$515,202
$499,800
$484,864
11569 RYLYNN ST
11566 HANNA ST
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
RidgeView at The Fairways
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold $567,924
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
Completed/Sold
$509,854
5511,703
$446,685
$437,682
$512,742
$509,796
$484,146
$544,828
$523,737
$505,724
$530,820
Taal
$156,232,396 $84,530,000

Page 683 of 1064 ends

Addenda
Addendum E
Comparable Data
Fairway Canyon (Phase 4)

Page 684 of 1064 ends

Land Sale Profile
Sale No. 1
Location & Property Identification
Property Name:

Sub -Property Type:

Address:

City/State/Zip:

County:

Market Orientation:

IRR Event ID:

Sale Information
Fairway Canyon PA 22B
Residential, Single Family
Development Land
Sorenstam Dr.

Beaumont, CA 92223
Riverside
Suburban
2998964
Sale Price:

Effective Sale Price:

Sale Date:

Recording Date:

Sale Status:
$/Unit (Potential):

Grantor/Seller:

Grantee/Buyer:

Assets Sold:

Property Rights:
of Interest Conveyed:

Financing:

Conditions of Sale:

Document Type:

Recording No.:

Sale Analysis
$7,047,000
$7,047,000
12/21/2022
12/28/2022
Closed
$128,127 /Unit
Meritage Homes Of California
Inc
DR Horton Los Angeles
Holding Company Inc
Real estate only
Fee Simple
100.00
Cash to seller
Arm's -length
Deed
2022.514695
Fairway Canyon PA 22B
Expenditures After Purchase: $66,873
Expenditures Description:

Site development and
permits and fees
Improvement and Site Data
Legal/Tax/Parcel ID:

Acres(Gross):

Land-SF(Gross):

Potential Building SF:

No. of Units (Potential):

Zoning Code:

Zoning Desc.:

Source of Land Info.:

Comments
413-790-057
109.36
4,763,722
6,000
55 SP
Specific Plan
Public Records
This is a sale of 55 finished lots with a typical lot size of 6,000 square feet within the city of Beaumont. The reported finished lot value is $192,000 per finished lot; however, this does not equate to the purchase price reported on public records.

Therefore, this comparable is given guarded reliance. The project is surrounded by open space and a golf course. The building permit is estimated at $3,000 per lot. It is unclear if the project will utilize bond financing.

CP•

Page 685 of 1064 ends

Land Sale Profile
Sale No. 2
Location & Property Identification
Property Name:

Sub -Property Type:

Address:

City/State/Zip:

County:

Market Orientation:

IRR Event ID:

Sale Information
Stratford Place II
Residential, Single Family
Development Land
Evans Rd.

Perris, CA 92571
Riverside
Suburban
3014316
Sale Price:

Effective Sale Price:

Sale Date:

Sale Status:
$/Acre(Gross):
$/Land SF(Gross):
$/Building SF:
$/Unit (Potential):

Grantor/Seller:

Grantee/Buyer:

Assets Sold:

Property Rights:
of Interest Conveyed:

Financing:

Conditions of Sale:

Document Type:

Recording No.:

Sale Analysis
$4,906,500
$4,906,500
11/01/2022
Closed
$208,079
$4.78
$817.75
$54,517 /Unit
Stratford Ranch Investors LLC
Pulte Home Company LLC
Real estate only
Fee Simple
100.00
Cash to seller
Arm's -length
Deed
2022.451354
Expenditures After Purchase: $175,483
Stratford Place II
Expenditures Description:

Other Adjustment:

Adjustment Comments:

Site Improvements and
permits and fees
$2,983
Bond Encumbrance
Improvement and Site Data
Legal/Tax/Parcel ID:

Acres(Gross):

Land-SF(Gross):

Potential Building SF:

No. of Units (Potential):

Zoning Code:

Source of Land Info.:

Comments
302-150-049

23.58 1,027,145
6,000
90 R-6,000
Public Records
This is a sale of 90 unimproved lots with a tentative map in place and a typical lot size of 6,000 square feet. The lots were purchased for $4,906,500 or $54,517. According to the broker, the lots were purchased at a finished lot price of $230,000 per lot. The buyer is developing the 270 lots adjacent to the north of this project. It is assumed there was a degree of assemblage influencing a part of the sale, but this was not confirmed. It is estimated this project will have a similar degree of bond debt as the adjacent project, which has an estimated $2,983 per lot.

CP•

Page 686 of 1064 ends

Land Sale Profile
Sale No. 3
Location & Property Identification
Property Name:

Sub -Property Type:

Canterberry
Residential, Finished SFR Lots
Address: Mountain Avenue & Red Bluff
Ln.

Banning, CA 92220
Riverside
City/State/Zip:

County:

Market Orientation: Suburban
IRR Event ID:

Sale Information
3052090
Sale Price:

Effective Sale Price:

Sale Date:

Sale Status:
$/Unit (Potential):

Grantor/Seller:

Grantee/Buyer:

Assets Sold:

Property Rights:
of Interest Conveyed:

Financing:

Conditions of Sale:

Document Type:

Sale Analysis
$1,770,000
$1,770,000
09/30/2022
Closed
$93,158 /Approved Lot
George A Nordquist And Dora
J Nordquist Revocable Trust
Canterbury At Banning LLC
Real estate only
Fee Simple
100.00
Cash to seller
Arm's -length
Deed
Expenditures After Purchase: $81,842
Canterberry
L_ .pt•MC S/M
�_ q
. -- �—
.n
.1.

LJ
,s. s
•
s
i
£
s
s.il it
i:.
4 s
i
i
i
4 i.
i
•
s
1 i
.I. y :
♦ -
: i d: i : : it •
�. 1
_ -
i i is : sis�
Inbm
Sli.2
Expenditures Description: Lot finishing costs
Sale Price Includes FF&E? No
Improvement and Site Data
Legal/Tax/Parcel ID:

Acres(Gross):

Land-SF(Gross):

Potential Building SF:

No. of Units (Potential): 19
Source of Land Info.: Public Records
Comments
535-423-001 thru -009;
535-422-005 thru -014

4.36 189,922
10,000
This comparable represents the sale 19 finished single family lots with a minimum size of 10,000 square feet, for a finished lot price of $175,000/lot. Crestwood Communities is
constructing three floor plan ranging in size from 1,951 to 2,300 SF, priced at $579,990 to $591,900.

L7P-

Page 687 of 1064 ends

Land Sale Profile
Sale No. 4
Location & Property Identification
Property Name:

Sub -Property Type:

Address:

City/State/Zip:

County:

Market Orientation:

IRR Event ID:

Sale Information
Windsong
Residential, Single Family
Development Land
NWQAlessandro Blvd. and
Darwin Dr.

Moreno Valley, CA 92555
Riverside
Suburban
3022274
Sale Price:

Effective Sale Price:

Sale Date:

Sale Status:
$/Unit (Potential):

Grantor/Seller:

Grantee/Buyer:

Property Rights:
of Interest Conveyed:

Financing:

Document Type:

Recording No.:

Sale Analysis
$7,500,000
$7,500,000
08/01/2022
Closed
$42,373 /Approved Lot
Winco Holdings, Inc &
Equitable Moreno Valley II
Partnership
D.R. Horton
Fee Simple
100.00
Cash to seller
Deed
2022.0341934 &
2022.0340965
Windsong
Expenditures After Purchase: $197,345
Expenditures Description:

Lot finishing costs
Improvement and Site Data
Legal/Tax/Parcel ID:

Acres(Usable/Gross):

Land-SF(Usable/Gross):

Usable/Gross Ratio:

Potential Building SF:

No. of Units (Potential):

Corner Lot:

Utilities:

Source of Land Info.:

Comments
487,470-025 (ptn),
487-470-028, 487-574-001 &
002

35.64/35.64
1,552,478/1,552,478

1.00 5,000
177
Yes
Electricity, Water Public,
Sewer, Gas, Telephone
Public Records
This sale encompasses two adjacent parcels purchased by D.R.

Horton from two different sellers. D.R. Horton closed on the first 18.01 -acre parcel for $3,755,000 on August 1, 2022 and closed on the second 17.63 -acre parcel for $3,745,000 on August 2, 2022. The site will be developed into a 177 -lot subdivision called Windsong. Floor plans will range from 1,898 to 2,537 square feet and the typical lot size will be
approximately 5,000 square feet. Finishing costs are estimated at approximately $197,345 per lot.

CP•

Page 688 of 1064 ends

Land Sale Profile
Sale No. 5
Location & Property Identification
Property Name:

Sub -Property Type:

Address:

City/State/Zip:

County:

La Ventana
Residential, Single Family
Development Land
SEC Simpson Rd and La
Ventana Rd
Winchester, CA 92584
Riverside
Market Orientation: Suburban
IRR Event ID:

Sale Information
3027571
Sale Price:

Effective Sale Price:

Sale Date:

Recording Date:

Listing Price:

Sale Status:
$/Unit (Potential):

Grantor/Seller:

Grantee/Buyer:

Assets Sold:

Property Rights:
of Interest Conveyed:

Exposure Time:

Financing:

Conditions of Sale:

Document Type:

Recording No.:

Sale Analysis
$8,000,000
$8,000,000
04/15/2022
04/15/2022
$8,000,000
Closed
$36,364 /Approved Lot
La Ventana 242, LLC
Forestar / DR Horton
Real estate only
Fee Simple
100.00
39 (months)
Cash to seller
Arm's -length
Deed
0180333
La Ventana
I• :4
7111,1",
Alt
•I..•••••I.
• 1. 1.. ... •
I .y... 6 (1 1
11 t
.p —t'.
i t) 44%. ...AM
•
•�� i_:ll
I to
ONO 1' a rtaw-
Expenditures After Purchase: $178,636
Expenditures Description:

Lot finishing costs
Improvement and Site Data
1 1!
MSA:

Legal/Tax/Parcel ID:

Acres(Gross):

Land-SF(Gross):

Potential Building SF:

No. of Units (Potential):

Zoning Code:

Zoning Desc.:

Flood Plain:

Source of Land Info.:

Riverside -San
Bernardino -Ontario, CA
Metropolitan Statistical Area
APNs: 461-450-001
through -013, -451-001
through -048, -452-001
through -019, -460-001
through -020, -461-001
though -021, -470-001
through -027, -470-001
through -064, -472-001
through -010, -480-001
through -005, -481-001
through -003, -482-001

77.00 3,354,120
6,000
220
SP
Specific Plan
No
Broker

Page 689 of 1064 ends

Land Sale Profile Sale No. 5
Comments
Site consists of 220 residential lots, along with a park site and a school site. The typical lot size is approximately 6,000 SF. The finished lot price was reportedly $215,000/lot.

La Ventana

Page 690 of 1064 ends

Land Sale Profile Sale No. 6
Location & Property Identification
Property Name: The Fairways PA25C
Sub -Property Type: Residential, Single Family
Development Land
Address: Oak Valley Pkwy. / Fairways
MPC
City/State/Zip: Beaumont, CA 92223
County: Riverside
Market Orientation:

IRR Event ID:

Sale Information
Suburban
3004011
TENTATIVE TRACT NO.37696
yams um, stworesosr
EWE.

MINNOW
-giatamv- I
t Et
No. of Units (Potential): 62
Source of Land Info.: Other
Sale Price: $8,368,822
Effective Sale Price: $8,368,822 Comments
Sale Date: 12/01/2021 This is a sale of 62 single-family lots with a minimum lot size of Sale Status: Closed 4,950 square feet. The property was delivered in blue -top condition. The reported finished lot value is $243,000 per lot.

Annual special taxes average $2,093/lot.
$/Unit (Potential): $134,981 /Approved Lot
Grantor/Seller: Argent
Grantee/Buyer: Richmond American
Assets Sold: Real estate only
Property Rights: Fee Simple
Financing: Cash to seller
Conditions of Sale: Arm's -length
Sale Analysis
Expenditures After Purchase: $108,019
Expenditures Description: Lot finishing costs
Improvement and Site Data
Acres(Gross): 1.00
Land-SF(Gross): 43,560
Potential Building SF: 4,950
The Fairways PA25C
CP•

Page 691 of 1064 ends

BEAUMONT
- C !� 1 1 0 R N A
Staff Report
TO: City Council
FROM: Elizabeth Gibbs, City Manager
DATE December 19, 2023
SUBJECT: Spicer Consulting Group STAX Property Finder Presentation Description Spicer Consulting Group will be presenting their STAX Property Finder Application.

Background and Analysis:

On February 7, 2023, City Council approved a contract with Spicer Consulting Group (Spicer) for Community Facilities District (CFD) administration, special tax consulting and annual financial reporting services. At that time, it was presented that Spicer is utilizing STAX, an in-house proprietary software solution that uses a SQL Server database structure that allows them to maintain large amounts of data and provide current and historical property information to associates.

At the request of the City, Spicer has been working on making the STAX software a useable platform for residents, real estate professionals and the general public to find a specific property and determine property tax information including Community Facilities District special assessments information. The software platform is ready for launch and will be presented this evening to the City Council.

Fiscal Impact:

There is no impact to the General Fund. The STAX software application support costs are $14,220 and increase 2% annually beginning January 1, 2025, and is paid for from the CFD Administration Fund.

Recommended Action:

Receive and file presentation on the SCG STAX Property Finder Presentation.

Page 692 of 1064 ends

BEAUMONT
- C !� 1 1 0 R "1 A
Staff Report
TO: City Council
FROM: Nicole Wheelwright, Deputy City Clerk
DATE December 19, 2023
SUBJECT: Appointments to City Committees
Description Appointments to Administrative Appeals Board, Financial and Audit Committee, Economic Development Committee and Parks and Recreation Committee.

Background and Analysis:

The following board and committees have members with term ending dates in which City Council shall appoint new or returning members. An application period was opened on November 8, 2023, and closed on December 11, 2023. Applications received have been attached.

Board of Administrative Appeals
Five (5) vacancies
Applications received: 1
Financial and Audit Committee
One (1) Resident Member vacancy
One (1) Resident/Business Owner Member vacancy
Applications received: 1
Economic Development Committee
One (1) Post Secondary Education Rep vacancy
One (1) Beaumont Business Community Member vacancy
One (1) Industry Expert vacancy
Two (2) Alternate member vacancies
Applications received: 1
Parks and Recreation Committee
Appointment of one (1) member representing or associated with a sports league operating in the City
Appointment of three (3) members of the Beaumont community Applications received: 9

Page 693 of 1064 ends

Per Beaumont Municipal Code Section 2.04.100 — Appointments to City Boards and Commissions, the selection process shall be as follows:

A. Members of the public may apply when a vacancy on a board or commission occurs. The City Council will conduct interviews of applicants at a City Council meeting once a sufficient number of applications have been received.

B. Upon completion of applicant interviews, Council Members may nominate applicants to be appointed to the board or commission. Once all nominations are received, a vote will be taken for each nomination beginning with the first applicant nominated. Council Members may vote multiple times if there are multiple vacancies for the board or commission.

C. If a nominee receives a majority vote from a quorum of the Council, that nominee shall be appointed to the board or commission.

Fiscal Impact:

City staff estimates the cost of preparing this report to be $390.

Recommended Action:

Conduct interviews followed by the selection process outlined in BMC 2.04.100 Attachments:

A. Board of Administrative Appeal Applications
B. Financial and Audit Committee Applications
C. Economic Development Committee Applications
D. Parks and Recreation Committee Applications

Page 694 of 1064 ends

From: [email protected]
To: Nicole Wheelwright
Subject: Online Form Submittal: Board of Administrative Appeals - 2023 Date: Monday, December 11, 2023 4:43:40 PM
Board of Administrative Appeals - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 18 year of age
or older?
Please select the
option that best
represents you
Questions
Will you be able to
serve a full two-year
term?
Within the next two
years, what days of the
week would you
normally be available
to serve as a Board
Member?
Pedro
Gutierrez
Field not completed.

Field not completed.

Teacher
Moreno Valley Unified School District
Yes
Beaumont Resident
Yes
Monday through Thursday.

What days/times would Friday, Saturday and Sunday
you not be available to

Page 695 of 1064 ends

serve?
Additional Information
Resume
Additional Information
Field not completed.

Field not completed.

Email not displaying correctly? View it in your browser.

Page 696 of 1064 ends

From: noreply(acivicplus.com
To: Nicole Wheelwright
Subject: Online Form Submittal: Financial & Audit Committee - 2023 Date: Monday, November 27, 2023 8:55:37 AM
Financial & Audit Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 18 year of age
or older?
Do you reside in the
City of Beaumont?
Questions
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Finance & Audit
Committee member?
If you answer "Yes",
please explain
Qualifications - Briefly
state your
qualifications, including
any education, skill, or
David
Vanderpool
Field not completed.

Beaumont, CA 92223
Teacher
Beaumont Unified
Yes
Yes
No
NA
See attachment under resume.

Page 697 of 1064 ends

background related to
finance & audit
functions
Additional Information
Resume
David Vanderpools Strengths and Qualifications 2023.docx Additional Information
Field not completed.

Email not displaying correctly? View it in your browser.

Page 698 of 1064 ends

Qualifications- David Vanderpool:

My strengths and qualifications include:

1. Over the past several years, I have gained valuable experience in local government through being a member of the Beaumont Finance and Audit Committee. During this time, I have chaired the committee, led numerous RFP meetings, helped develop an Introduction to Local Government Finance presentation and contributed to discussions as well as cast votes regarding matters pertinent to the city's finances.

2. I have a bachelor's degree in Public Administration with a minor in Economics from Cal State Polytechnic University Pomona. My degree included several classes that pertained to audit and finance, including Financial Accounting, Public Finance, Planning and Policy analysis, Managerial Finance, and Government and Not for Profit Accounting. I also hold a teaching credential in both Mathematics and Social Science from Cal Poly Pomona and a Master's degree in Education from Concordia University Irvine.

3. I have taught AP Macroeconomics, AP U.S. Government and Government/Economics at Beaumont High School since 2008. Therefore, have a keen understanding of how to effectively communicate advanced economic, mathematical, and political concepts.

4. I have a strong desire to create a stronger link between my government and economics classroom and the City of Beaumont. I am optimistic that service on this committee will allow me to more effectively communicate to the students of Beaumont High School how they can better serve their city.

5. As an educator, I have a natural desire to empower the people of Beaumont regarding how they can participate in public service in order to enhance the well-being of the city of Beaumont.

6. I have experience in California State politics, having worked for California State Assembly members Robert Pacheco and Carol Liu several years ago.

7. I have an acute ability to research in order to learn what is necessary to solve problems. For example, I have educated myself regarding the financial challenges the city faces from watching past videos of Finance and Audit Committee meetings.

8. I have excellent questioning skills and am not afraid to ask whatever is necessary to get the job done right.

Page 699 of 1064 ends

9. I have a strong desire to participate in public service in order to better the standard of living of the people of Beaumont.

10. I have a passion for public policy. I regularly read periodicals such as The Economist and the Wall Street Journal as well as local periodicals such as the Record Gazette. In addition, I stay informed of the latest events pertaining to economics, law, and finance through following a variety of professionals in these fields via social media.

11.1 am a man of integrity. I live my life by Coach John Wooden's definition of success, which states that success is the peace of mind that comes from doing one's best. It is this desire to constantly do my best that drives me to be the person I am today.

12. As a tenured teacher at Beaumont High School and a father of two young boys, I have a personal stake in the City of Beaumont's future. I care about my children as well as my students and I want to do whatever I can to make the City of Beaumont a place where they want to be.

Thank you for your time. I am excited to participate in this committee. If you would like to contact me, my phone number is and my email is

Page 700 of 1064 ends

From: Von Lawson
To: Kyle Warsinski; Nicole Wheelwright
Cc: Monica Saucedo
Subject: RE: EDC reappointment
Date: Tuesday, December 12, 2023 11:07:46 AM
Good morning Mr. Warsinski,
I hope this email finds you in great spirits.

By way of this email, I would like to ask for an extension until tomorrow evening (Wednesday, December 13th) to apply for a seat on the Beaumont Economic Development Committee. I would like to be considered for reappointment to that committee. I have the email from Ms. Wheelwright and will complete it for submission and your consideration.

Have a wonderful day.

Respectfully,
v
Von Lawson, Ed.D.

Dean of Instruction —
People, Culture & Public Service Pathway
Mt. San Jacinto College
951.487.3440
From: Kyle Warsinski
Sent: Tuesday, December 12, 2023 11:03 AM
To: Von Lawson
Subject: Re: EDC reappointment

WARNING
This email was sent from an external sender and did not originate from Mt. San Jacinto College. If you are unsure of the authenticity of the sender, DO NOT click any links or download any attachments; and contact the MSJC Information Technology helpdesk at helona msjc.edu or (951) 465-7677.

Von,
As the seat you occupy is for post secondary educators and has limited people who may fill that role, I would still send me and Nicole an email requesting to be reappointed even if we are passed the deadline.

Kyle
Sent from my iPhone

Page 701 of 1064 ends

On Dec 12, 2023, at 10:59 AM, Von Lawson wrote:

Good morning Mr. Warsinski,
I hope this email finds you and your family ready for the holidays.

Let me apologize. I have been traveling quite a bit lately for work and personal. And I have been playing catch up on emails. I will totally understand if I have missed the date.

I can always apply next year if it too late. I will see you all tomorrow at the next meeting.

Have a wonderful day.

Respectfully,
vo-vv
Von Lawson, Ed.D.

Dean of Instruction —
People, Culture & Public Service Pathway
Mt. San Jacinto College
951.487.3440
From: Kyle Warsinski
Sent: Monday, December 11, 2023 3:01 PM
To: Von Lawson
Subject: EDC reappointment

Von,
Are you interested in reapplying for the Economic Development Committee? If so, can you please either complete the application via the following link, or providing me or Nicole with an email or letter requesting your reappointment to the committee? The application deadline is today at 5:00pm.
https://www.beaumontca.gov/FormCenter/Published-Forms-2/Economic- Development-Committee-Beaumont--97
Thank you,

KYLE WARSINSKI

Page 702 of 1064 ends

Economic Development Manager

City of Beaumont
550 E. 6th Street, Beaumont, Ca 92223
Desk (951) 769-8527 I Fax (951) 769-8526
BeaumontCa.gov
Facebook 1 Twitter 1 Instagram 1 YouTube

#ACITYELEVATED

Page 703 of 1064 ends

From: [email protected]
To: Nicole Wheelwright
Subject: Online Form Submittal: Parks and Recreation Committee - 2023 Date: Saturday, December 9, 2023 11:51:31 AM
Parks and Recreation Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 16 year of age
or older?
Do you represent a a
sports league or
affiliated with a sports
league within the City
of Beaumont?
Questions
Amberly
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Parks and
Recreation Committee
member?
If you answer "Yes",
please explain
Carver
Field not completed.

Beaumont ca 92223
Field not completed.

Sales executive
Universal
Yes
No
No
I am older

Page 704 of 1064 ends

Qualifications - Briefly
state your
qualifications, including
any education, skill, or
background related to
parks and recreation
Additional Information
Resume
Additional Information
My background includes being involved at community parks as a youth for sporting events, professionally I have experience with event planning and coordinating, a business degree and raising children who all were involved in Beaumont youth events at the local parks. As a community member and a mother I feel that I have a lot to contribute .

Amberly Carver Resume.pdf
Field not completed.

Email not displaying correctly? View it in your browser.

Page 705 of 1064 ends

AMBERLY CARVER

STRATEGIC GROWTH DIRECTOR
Beaumont, CA
linkedin.com/in/amberlyolguin/
Collaborative, customer -focused Director with expertise in consultative sales, value -add strategies, global account management, revenue optimization, and business development. Leverages executive -level partnerships to devise strategic roadmaps with in-depth product knowledge and service accountability. Serves as a client advocate resulting in high customer retention and satisfaction scores by delivering a personalized customer experience. Coaches' high-performance teams in identifying vital needs and areas of focus in account base while advancing a work culture of learning and growth. Confidently navigates and translates effective stakeholder communications with an influential communication style and a positive thought mentality.

AREAS OF EXPERTISE
Project Leadership 1 Business Growth Strategies 1 Sales Lifecycle 1 Product Deployment 1 Account Management 1 Upselling Quality Assurance 1 Team Empowerment 1 Social & Emotional Intelligence 1 Coaching & Mentoring 1 Market Mapping Gap Analysis Product Positioning 1 Customer Success 1 Visioning 1 Contracts & Negotiations 1 Business Insights 1 ROI Revenue Optimization 1 Executive Communication 1 Cross -Functional Collaboration Risk Management

ACHIEVEMENTS
Identify revenue -driving opportunities within the nuances of BD and the sales lifecycle along with surpassing quotas yearly for both revenue and sales.

Grew a book of business in 2022 by 2.1 million along with bringing in 125% of revenue attainment.

Singlehandedly supported and sold a book of business with over 5000 clients ranging from 100k- 600k in annual revenue; recognized for being the highest revenue -generating SGD on the team.

PROFESSIONAL EXPERIENCE
Strategic Growth Director I HireRight I 2014 - 2023
Account Manager (promoted)
A proven record of impactful contributions, progressing through several roles of increased scope, accountability, and influence.

Accountable for expanding the footprint of HireRight products and services while establishing a strong professional and consultative relationship with global account managers and clients by developing a core understanding of unique business needs. • Enabled a continuous improvement mindset and culture, while driving efficiency to deliver value and high customer satisfaction.
• Client partnerships to include Workday, Greenhouse, Oracle and ICIMS • Partnered with strategic channel partners, HR, recruiting, legal, finance, marketing, operations, and InfoSec to deliver competitive advantage.
• Guided global account managers to identify revenue growth, upsell opportunities, and manage to close. • Qualified opportunities and developed value proposition, financial case, and overall success criteria for the product's deployment.
• Persuasively negotiated and delivered contracts to senior -level management teams. • Tracked and monitored key performance indicators (KPIs) to better assess performance and critical decision -making. • Successfully forecasted, met, and exceeded assigned quotas by creating and driving a pipeline of opportunities for new solutions within HireRight customer base.
• Expertly found opportunities for profitable growth within a current client base by assessing the volume size, current revenue, and products being used; identified gaps within the current program to expose a need that allowed the creation of new revenue and the ability to grow the client's account and relationship. • Lead project scope from inception to completion delivering seamless time and under -budget results by utilizing adaptable creative problem -solving and strong organizational practices.

Page 706 of 1064 ends

AMBERLY CARVER

STRATEGIC GROWTH DIRECTOR
Beaumont, CA
linkedin.com/in/amberlyolguin/
Team Lead Mobile Messenger, Culver City, CA 2011— 2013
Customer Service Representative (promoted)
Managed a talented, diverse team of 12, including delegating assignments, performance management, and quality assurance with an intentional focus on team empowerment.
• Key contributor in building a quality assurance program and a team from the ground up, including recruiting top talent, training on client pain point identification, and driving increases in customer loyalty and satisfaction by implementing scorecards to manage team performance.
• Coached representatives one on one to increase business literacy, strengthen skills and acknowledge accomplishments. • Managed sensitive communications and customer conflict with de-escalation techniques and a solutions -based approach.

ADDITIONAL CAREER HIGHLIGHT
Co -Founder Aida Cosmetics 2010-2023
Founded a start-up to inspire women with affordable, top-quality beauty products with a focus on a diverse customer base. Build a successful business through developing a strong social media presence, best -in -class shipping, partnering with influencers, and increasing customer engagement online.
• Created strong product demand via hosting fashion shows & events that led to opening a space for plus size women's market. • Designed and launched high -impact campaigns, and promotions. • Served as sponsors within the non -profits sector, and grew the brand to 90% online, and 10% storefront presence.

EDUCATION
Bachelor of Arts degree in Business, minor in Marketing Ashford University
Recipient of Honor Role Award

TECHNOLOGY STRENGTHS
Tableau White Space — Salesforce

Page 707 of 1064 ends

From: [email protected]
To: Nicole Wheelwright
Subject: Online Form Submittal: Parks and Recreation Committee - 2023 Date: Friday, December 8, 2023 10:53:28 AM
Parks and Recreation Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 16 year of age
or older?
Do you represent a a
sports league or
affiliated with a sports
league within the City
of Beaumont?
Questions
Deanna "Annie"
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Parks and
Recreation Committee
member?
If you answer "Yes",
please explain
Ploehn
Field not completed.

Beaumont Ca 92223
Field not completed.

Community Outreach Specialist/Victim Services Coordinator Partners Against Violence
Yes
No
No
N/A

Page 708 of 1064 ends

Qualifications - Briefly
state your
qualifications, including
any education, skill, or
background related to
parks and recreation
Additional Information
Resume
Additional Information
I have been a proud resident of Beaumont since 2010. Since 2010 I have been running my own business, which has allowed me to actively contribute to the growth and development of our community.

With 18 years of living in Beaumont, I have developed a deep understanding of our community's needs and interests. I have actively participated in various community events and have a connection with the community. I am deeply passionate about being involved in various community events and have
established strong connections with the community.

As a business owner since 2010, I have gained valuable skills in organization and project management. These skills can be applied to effectively manage resources and make informed decisions regarding parks and recreational services. As a business owner, I have a great working relationship with the local police department and local government agencies. Through my positive relationship I have gained insights into public safety concerns and strategies. This knowledge can contribute to ensuring the safety and security of parks and recreational facilities.

Having previously worked for the school district and my party rentals business, I have firsthand experience in working with school -aged children. This experience allows me to understand the needs and preferences of younger community members, which can be applied to develop engaging and inclusive
recreational activities.

As an advocate with Partners Against Violence, I am committed to creating a safe and welcoming environment for all community members. I can bring this dedication to the Parks and Recreation Committee by promoting initiatives that foster inclusivity and prevent violence.

These qualifications demonstrate my passion for community engagement, business acumen, collaboration with law
enforcement, experience with the youth, and dedication to creating a safe and vibrant community through parks and recreational services.I believe by working together, we can create a better future for Beaumont.

Deanna.docx
Field not completed.

Email not displaying correctly? View it in your browser.

Page 709 of 1064 ends

Deanna "Annie" Ploehn
Beaumont, CA 92223
Objective I am seeking a challenging role where I can utilize my skills in teamwork, task prioritization, safety, networking, and collaboration to create great communities. I aim to make a positive impact in the lives of community members and contribute to overall goals for the community.

Skills & Abilities My skills and abilities include but not limited to: security and safety, teamwork and collaboration, task prioritization, networking and relationship building, multitasking, time management, organization, and training and leadership.

Experience Partners Against Violence- June 16, 23 -Current Community Outreach Specialist/Victim Services Coordinator • Promote violence prevention and support to victims.
• Actively engage with community members, organizations, and law enforcement to raise awareness about the impact of violence and resources to help prevent it.
• Educate the community and empower individuals.
• Skilled in crisis intervention, conflict resolution, and de-escalation techniques, enabling me to effectively respond to emergencies and provide immediate assistance.

AP Rentals — January 7, 2011 - Current
Business Owner/Manager
• Successfully launched and managed party rentals business. • Developed and implemented effective marketing strategies to attract and retain customers.

Built a strong reputation for delivering exceptional customer service, ensuring client satisfaction and repeat business.
• Managed inventory efficiently, ensuring timely delivery and setup. • Established and maintained relationships with vendors and suppliers. • Lead a team of employees, providing guidance, training and support.

Beaumont Unified School District- January 9, 2023 — June 15, 2023 Campus Security II
Patrolled premises to identify and quickly respond to suspicious activities or individuals.

Circulated among employees, visitors and patrons to protect property and preserve order.

Patrolled buildings and grounds to determine presence of unauthorized persons and identify cause of disturbances.

Page 710 of 1064 ends

Opened and closed the high school campus for the morning and afternoon routines.
• Helped to maintain a safe campus for the students.
• Answered administration to any help needed.

Partners Against Violence — March 19, 23 — June 15, 23
Advocate
• Coordinated crisis interventions to guide clients through difficult situations. • Referred clients to required specialists and support institutions for cases requiring additional care.
• Accompanied survivor to hospital outreaches.
• Conducted survivor needs assessments.
• Monthly Training.

SunSational Tanning Salon — August 21, 2010- October 31, 2022 Business Owner/Manager
Mentored employees on quality service delivery, resulting in improved customer loyalty and retention.

Oversaw employee scheduling to verify proper coverage.

Expanded market reach through social media.

Improved workflows and increased productivity, evaluating and standardizing operational process.

Managed daily operational strategy, applying business acumen and industry -specific knowledge.

Managed daily operations.

Education California State University, San Bernardino- San Bernardino, CA December 2008
Bachelor of Arts: Criminal Justice
Riverside Community College -Riverside, CA
June 2006
Associate of Science: Administration of Justice
Certificate
Lady Be Aware- San Bernardino Sheriff's Dept
Advanced Inflatable Safety Operations- AISAOC
Spray On Tanning- Smart Tan
2

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From: noreply(acivicplus.com
To: Nicole Wheelwright
Subject: Online Form Submittal: Parks and Recreation Committee - 2023 Date: Thursday, November 30, 2023 11:25:19 AM
Parks and Recreation Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 16 year of age
or older?
Do you represent a a
sports league or
affiliated with a sports
league within the City
of Beaumont?
Questions
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Parks and
Recreation Committee
member?
If you answer "Yes",
please explain
Diane
Guerena
Field not completed.

Field not completed.

HR Consultant
Paychex
Yes
Yes
No
Not at this moment.

Page 713 of 1064 ends

Qualifications - Briefly
state your
qualifications, including
any education, skill, or
background related to
parks and recreation
Additional Information
Resume
Additional Information
Experienced HR professional with 30 years of experience. Great communication skills and involved with the Beaumont/Banning Pickleball community and prior baseball participant. A dedicated member of the Beaumont community.

A representative for MADD and spoke at various events for the police department including the City Hall in Los Angeles Come equipped with ready to work and be that voice for the community as our city is thriving and excited about the resources to come to make Beaumont a safe and more desirable place to live.

Field not completed.

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From: noreplyCcacivicplus.com
To: Nicole Wheelwright
Subject: Online Form Submittal: Parks and Recreation Committee - 2023 Date: Tuesday, December 5, 2023 11:18:27 AM
Parks and Recreation Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 16 year of age
or older?
Do you represent a a
sports league or
affiliated with a sports
league within the City
of Beaumont?
Questions
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Parks and
Recreation Committee
member?
If you answer "Yes",
please explain
DENNIS

SALCEDO
Field not completed.

Field not completed.

Retired
N/A
Yes
No
No
N/A

Page 715 of 1064 ends

Qualifications - Briefly
state your
qualifications, including
any education, skill, or
background related to
parks and recreation
Additional Information
Resume
Additional Information
Retired government employee with over ten years of supervision experience in the transportation industry. I understand the process of government purchasing and the steps on what a project needs to become a reality. I also understand what liabilities can be placed on a government entity when projects are not designed with safety in mind. I have assisted in the organization of several events during my life. I like to think "out of the box" with ideas to make daily lives easier and enjoyable. I spent many years coaching my kids in recreational sports as well as assisting to maintain playing fields. I understand what it takes to keep a league fun for children. I am active in improving my neighborhood and like to keep open communication with all my neighbors. My community is important to me and want to help make it an enjoyable place for children and adults. I believe in having an enjoyable and safe place to live with extracurricular activities to bring the community together. I would like to volunteer for the Parks and Recreation department so I can share my ideas and help organize activities for my community to participate in.

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Page 716 of 1064 ends

From: noreply(acivicplus.com
To: Nicole Wheelwright
Subject: Online Form Submittal: Parks and Recreation Committee - 2023 Date: Sunday, December 10, 2023 6:00:04 AM
Parks and Recreation Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 16 year of age
or older?
Do you represent a a
sports league or
affiliated with a sports
league within the City
of Beaumont?
Questions
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Parks and
Recreation Committee
member?
If you answer "Yes",
please explain
David
Valdivia
Field not completed.

Field not completed.

Electrician
Morrow Meadows
Yes
Yes
No
Don't know of anything

Page 717 of 1064 ends

Qualifications - Briefly
state your
qualifications, including
any education, skill, or
background related to
parks and recreation
Additional Information
Resume
Additional Information
Me and my family have worked closely with the City of Beaumont since Rangel Park / Valdivia field has been built in the 1970's , we were in direct connection with the City with its beautiful renovation in 2021/2022. I have also held the position of Vice President of Softball for Beaumont Youth Baseball when my kids were growing up. I'm am still the coach of the Beaumont Coyotes that holds an annual tournament every 4th of July. I attend all City of Beaumonts field meetings .

Field not completed.

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Page 718 of 1064 ends

From: [email protected]
To: Nicole Wheelwright
Subject: Online Form Submittal: Parks and Recreation Committee - 2023 Date: Thursday, November 30, 2023 8:09:25 PM
Parks and Recreation Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 16 year of age
or older?
Do you represent a a
sports league or
affiliated with a sports
league within the City
of Beaumont?
Questions
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Parks and
Recreation Committee
member?
If you answer "Yes",
please explain
Erick
Bennett
909-723-6812
Field not completed.

Field not completed.

Senior Investigator
, Beaumont, Ca
San Bernardino County District Attorney's Office
Yes
Yes
No
NA

Page 719 of 1064 ends

Qualifications - Briefly
state your
qualifications, including
any education, skill, or
background related to
parks and recreation
Additional Information
Resume
Additional Information
I have been a resident of Beaumont for over 20 years. I have a Bachelor of Science in Criminal Justice Administration and a Master of Science in the Administration of Justice and Security, both from the University of Phoenix. I have been involved in youth sports in the city for over 16 years. I have coached for Beaumont Youth Baseball and Banning Little League. I have been involved with the American Youth Soccer Organization (AYSO) for 16 years as a parent, coach, referee, and
administrator. I have been a regional commissioner and worked closely with our Parks and Recs department, the city council, and the police department. I have been an area director with AYSO helping manage 6 regions serving about 5,000 players and about 1,000 volunteers. I am currently the Assistant Section Director helping manage about 70 regions, serving 75,000 plus kids and thousands of volunteers.

I have worked with communities outside of Beaumont to help deal with the field issues facing so many of our communities. I am passionate about non-profit, all -volunteer organizations like AYSO, BYB, JAF, and Banning Little League. I believe
organizations like these should get priority field allocation throughout our community versus for-profit organizations. I am passionate about safe parks, maintained parks, and well -lit parks. I have been on the injury side of an unsafe field at our local soccer park and will be passionate about making these safe for our kids and adults who use the fields. Further, I believe our communities should establish more green space in our
communities, in our new neighborhoods, and in our areas that border our neighboring communities.

I believe I am fair and unemotional in my decision -making, and have a love for our community. I
Bennett Erick Resume Beaumont parks and rec.docx
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Page 720 of 1064 ends

Erick Bennett
Beaumont, CA 1 1
1 Iinkedin.com/in/erick-bennett
RESILIENCY 1 BUSINESS CONTINUITY 1 CRISIS MANAGEMENT
Multifaceted career with a proven track record of innovation and success in leading all aspects of retail operations, crisis management, and enterprise resiliency.

Collaborative and dynamic leader with an evolving legacy of creating best -in -class programs across all aspects of the organization. Built multiple programs from the ground up and infused crisis leadership and data -driven decision -making.

Decades of experience influencing and building relationships while building diverse and inclusive teams. Track record of bringing "calm to the chaos" and leading crisis management in high -risk environments.

PROFESSIONAL HIGHLIGHTS
• Coordinated crisis operations and interviews during an active shooter incident in 2015, resulting in numerous policy changes for emergency response, mass casualty, and employee support. • Streamlined 30+ manual reporting processes, leading to, on average, an annual time savings of 480+ hours per person. • Managed and responded to 300+ crisis events, including natural disasters, protests, workplace violence incidents, and more. • Created a new program focused on commercial trucking safety and compliance, leading to the development of 30+ key performance indicators (KPI). Developed a budget of $130K to purchase equipment, create trucking routes and municipal parking codes, and interface with 3rd party vendors.
• Business Continuity
• Enterprise Resiliency
• Physical Security
• Crisis Management
Areas of Expertise
• Risk and Vulnerability Assessment
• Disaster Management
• Budget Planning and Oversight
• Program Management
Professional Experience
• Strategic Leadership
• Major Event Planning
• Project Management
• Change Leadership
COUNTY OF SAN BERNARDINO-DISTRICT ATTORNEY'S OFFICE (2023 -Present) Senior District Attorney Investigator
• Perform skilled criminal investigations, investigate violations of the law, gather and preserve evidence, and arrest offenders. • Plan and conduct investigations to support the prosecution of a wide variety of criminal and civil cases, including all family violence violations.
• Understand the rules of evidence, arrest, search, and seizure, prepare search warrants and written reports, interview involved parties, communicate effectively in oral and written form, testify in court, and establish relationships with members of the public and other law enforcement personnel.

CITY OF SAN BERNARDINO POLICE DEPARTMENT (2002-2023)
Sergeant 1 Investigations Manager 1 Crisis Manager
• Manage 10 direct reports, 30+ indirect reports, 100+ contractors, and an approximate $2.2M budget. • Responsible for all aspects of performance management, including mentoring, professional development, discipline, and evaluations.
• Conducted 15K+ investigations targeting workplace violence, internal misconduct, organized crime, etc. • Oversaw the department onboarding and training program, graduating 60+ personnel with a 95% success rate YoY. • Recognized nationally as a subject matter expert on the Vagos Outlaw Motorcycle Club, delivering 250+ trainings to 5K+ personnel domestically and internationally.
• Coordinated crisis operations and interviews during an active shooter incident in 2015, resulting in numerous policy changes for emergency response, mass casualty, and employee support. • Developed 25+ SOPs, policies, and procedures during my career. • Created a new program focused on commercial trucking safety and compliance, leading to the development of 30+ key performance indicators (KPI). Developed a budget of $130K to purchase equipment, create trucking routes and municipal parking codes, and interface with 3rd party vendors.
• Mentored and counseled 4 direct reports, ensuring they were successfully promoted to higher positions.

Page 721 of 1064 ends

Internal Continued...

ERICK BENNETT Paget
• Led and participated in 40+ RFI and RFPs covering approximately $250K in projects. • Community engagement and intelligence -driven data analysis decreased violent crime by 10% YoY. • Streamlined 30+ manual reporting processes, leading to, on average, an annual time savings of 480+ hours per person. • Conducted a 10 -year international investigation into a transnational organization spread across 7+ agencies and 400+ personnel. • Managed and responded to 300+ crisis events, including natural disasters, protests, workplace violence incidents, and more.

AMERICAN YOUTH SOCCER ORGANIZATION (2008 -Present)
Assistant Director
• Serve as a volunteer Asst. Section Director responsible for 20+ direct reports, $12M+ in assets, and an annual $250K+ budget. • Oversee 75K+ players and 30K+ volunteers spread across 60+ regions in three states. • Executed 5+ financial audits targeting fund mismanagement, leading to multiple law enforcement referrals. • Increased the referee program by 10% each year and implemented an award and mentoring program to address retention.

EARLY CAREER
District Manager at Radio Shack
• Oversaw 15+ direct reports and 10+ stores and increased sales YoY by 225%, or $800K -$2M.

Education
University of Phoenix
M.S. Administration of Justice and Security
University of Phoenix
B.S. Criminal Justice Administration
Sherman Block Supervisory Leadership Institute
Executive Leadership Certificate
Languages
English - Native/Bilingual Proficiency
Organizations
• ASIS International
• DRI-Disaster Recovery Institute International
Internal

Page 722 of 1064 ends

From: noreply(acivicplus.com
To: Nicole Wheelwright
Subject: Online Form Submittal: Parks and Recreation Committee - 2023 Date: Friday, December 8, 2023 11:49:51 AM
Parks and Recreation Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 16 year of age
or older?
Do you represent a a
sports league or
affiliated with a sports
league within the City
of Beaumont?
Questions
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Parks and
Recreation Committee
member?
If you answer "Yes",
please explain
Jodi
Pauley
Field not completed.

Field not completed.

Domestic Goddess
Jodi Pauley
No
No
No
no

Page 723 of 1064 ends

Qualifications - Briefly
state your
qualifications, including
any education, skill, or
background related to
parks and recreation
Additional Information
Resume
Additional Information
Hello, I'm Jodi, and I have lived in Beaumont for over 20 years. I have volunteered on the AYSO Board and also served on the exec board of my children's school PTAs, volunteering on the AYSO board opened the door for my family and I to host over 60 UK soccer coaches in our home. In my free time I enjoy visiting my grown children and traveling. I'm always looking for new opportunities to better my community. I look forward to seeing this city move in a forward direction.

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Page 724 of 1064 ends

From: noreplyCcacivicplus.com
To: Nicole Wheelwright
Subject: Online Form Submittal: Parks and Recreation Committee - 2023 Date: Friday, December 1, 2023 7:46:37 PM
Parks and Recreation Committee - 2023
The interview and selection process is scheduled for the December 19, 2023 City Council Meeting at 6:00 p.m.

First Name
Last Name
Primary Phone
Alternate Phone
Home Address
Address 2
Email
Occupation/Profession
Employer Name
Are you 16 year of age
or older?
Do you represent a a
sports league or
affiliated with a sports
league within the City
of Beaumont?
Questions
Are you aware of any
conflicts, financial or
otherwise, which could
affect your appointment
as a Parks and
Recreation Committee
member?
If you answer "Yes",
please explain
Kyle
Anders
Field not completed.

Field not completed.

Yes
No
Yes
It won't let me put No

Page 725 of 1064 ends

Field not completed.

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PARKS COMMISSIONER APPLICATION
City of Beaumont, CA
Candidate: Laura Schnur
Address:

Beaumont, CA 92223
Email:

QUALIFICATIONS STATEMENT
What qualifies me for a position on the Parks Commission? The following will hopefully illuminate why I am a good candidate:

1. I have been a resident of Beaumont in Fairway Canyon since 2013. I have a great interest in our community parks because I use them. I am particularly interested in parks that support open, usable, and collaborative spaces for residents that enjoy activities outside of our valuable sports programs, I believe our park system is very strong, but that it should take into account the wider variety of needs within our growing community and provide opportunities for increasingly more diverse, contemporary, and versatile uses. Our park system should show connectivity of the various trail systems and that the park plan should include safety and security measures as well. Our parks should be moving forward with technology to create a vital and strong community park system.

2. One interest that is close to my heart is Nicklaus Paw Park. I do advocate for our dog park on a regular basis with our Parks Department. This particular type of park in our community holds a high value in our community to residents and guests, and is an important asset for those of us who have dogs in our families as it provides the type of space to give dogs and their owners opportunities for important physical exercise.

3. Parks represent the importance of outdoor and natural green spaces for our individual and community mental and emotional health. Parks also represent the interest and needs of many different types of residents, of all ages from young to more mature, and a diversity of needs to promote our well being. It is a vital part of our community and an opportunity to expand our programming with care and intention. The culture of our city, the arts, the events - all are within our reach if we work collaboratively with our community resources to create a better connected park system of which we can continue to be proud. We have a chance to provide much more to our community by considering and using newer technologies to ensure safety, security, and support to beneficial activities in our parks. We have a chance to be forward thinking with our park development and our maintenance programs. Stewardship of our assets and resources is needed. The development of a Master Park Plan is an important step the City of Beaumont is undertaking. These are all important factors in a well functioning and strong park program.

Page 727 of 1064 ends

4. My education includes earning a Bachelor of Arts in International Relations from the University of Redlands; a Master of Arts Program from Northeastern University in Boston, Massachusetts; and a K-12 Elementary teaching credential program at CSU San Bernardino. I have taught for over 20 years in public schools in both Riverside and San Bernardino County. I have taught a range of grade levels from Kindergarten to Grade 8. In that time I have worked with everyone - from parents and families with children of all ages, to administrators, elected board members, consultants, and more. I have experience working with the widest range of interests and needs possible and in many different capacities. I have organized events and field trips, attended many public meetings as a participant and as an observer.

5. In addition, I have personal project experience with the many facets of park development, from the initial concept development, community outreach and input, as well as the design/build and final construction and maintenance of parks.

6. Some of my key skills include problem -solving, planning, and partnership.

In summary, I believe I am capable of the work required to be an effective park commissioner. I bring the perspective of a park and open space user. I am a mother of daughters who are now college graduates but have used the parks here since they were in middle school. I live in a fantastic community with people who love our parks and outdoor spaces. We have dogs who enjoy the parks on leash and off leash in the dog park. We like outdoor spaces, walking trails, outdoor events, and the great things that parks bring to our neighborhoods. I am extremely passionate about preserving open space for not only the environmental benefits and impacts they bring, but for the critically important emotional health of our residents. Based on my background, skills, education, and keen interest, I believe I am a great candidate for Parks Commissioner.

Page 728 of 1064 ends

LAURA
SCHNUR
9 Beaumont, California 92223
SKILLS
• Problem -Solving Skills
• Planning a Coordination
• Project Development a
Management
• Event a Program Promotion
• Constructive Feedback
• Research a Development
• Community Partnerships

EDUCATION
University of Redlands
Redlands, CA
Bachelor of Arts: International
Relations
Northeastern University
Boston, MA
Master of Arts: International
Relations
California State University - San
Bernardino
San Bernardino, CA
Elementary Teaching Credential

PROFESSIONAL SUMMARY
• Excellent interpersonal and communication skills.
• Big picture focus with excellence in communicating goals and vision to succeed.
• Problem solver, networker and consensus builder.
• Collaborative leader with dedication to partnering with others to achieve community goals.
• Documented strengths in building and maintaining relationships with diverse range of stakeholders in dynamic, fast -paced settings. • Passionate Dog Park Advocate working diligently on behalf of pets a owners.

WORK HISTORY
Palm Springs Unified School District - Elementary Teacher Grade K Palm Springs, CA • 11/2018 - 06/2019
• Integrated technology and multimedia tools into lessons to enhance student learning.
• Provided individualized and diversified instruction to support student comprehension and assist with navigating challenges.
• Implemented classroom management improvements to enhance class morale and engagement.

Romoland School District - Elementary Teacher Grade K
Menifee, CA • 08/2016 - 06/2018
• Built positive relationships with parents to involve families in educational process.
• Created supportive and inclusive learning environments, fostering positive classroom atmospheres supporting student growth and learning.

Integrated technology and multimedia tools into lessons to enhance student learning.

Hope Academy Charter - Elementary Teacher Grades 2-5
Beaumont, CA • 09/2014 - 08/2016
• Integrated technology and multimedia tools into lessons to enhance student learning.
• Observed and evaluated students' performance, behavior, social development and social -emotional well-being, serving students with ASD, ADHD and other conditions.
• Scheduled and directed field trips and hands-on activities to foster student learning and creativity.
• Collaborated with administrators on classroom policies, management strategies, and discipline.
• Built positive relationships with parents to involve families in educational process Et to provide opportunities to experience the Metrolink system for free.

Moreno Valley Unified School District - Elementary Teacher Moreno Valley, CA • 01/2013 - 08/2014

Page 729 of 1064 ends

• Developed learning objectives for each subject area to quantify learning and set benchmarks.
• Drove student learning by establishing clear classroom plans and group objectives, as well as actionable strategies to achieve each goal.
• Impacted lessons positively by incorporating smart boards, computers, games and music into classroom.

Color Me Mine Redlands - Owner/Manager
Redlands, CA • 01/2006 - 09/2009
• Created a strong business plan to define ceramic art studio concept, short-term and long-term goals and strategies.
• Designed Et supervised new construction in a high end shopping center in Redlands
• Interviewed and hired amazing studio staff
• Created an entertainment program for a diverse customer base, including painting, parties, special events, classes, summer camps, and on -the -go art.
• Managed purchasing, sales, marketing customer operations, HR, finances, budgeting, accounting.
• Implemented business strategies, increasing revenue and effectively targeting and expanding new markets.

San Bernardino City Unified School District - Elementary Teacher San Bernardino, CA • 06/1993 - 10/2002
• Communicated student progress, academic difficulties, or behavioral concerns to parents, guardians and administration using tact and professionalism to improve student academic performance. • Scheduled and directed field trips for multiple grade levels and hands-on activities to foster student learning and creativity. • Assessed student learning progress and comprehension with routine tests and standardized examinations.

Page 730 of 1064 ends

BEAUMONT
- C !� 1 1 0 R N A
Staff Report
TO: City Council
FROM: Jennifer Ustation, Finance Director
Lisa Leach, CPA, Assistant Finance Director
DATE December 19, 2023
SUBJECT: FY2023 Annual Comprehensive Financial Report and Report of Internal Control Over Financial Reporting
Description Receive and file the FY2023 Annual Comprehensive Financial Report and all associated reports.

Background and Analysis:

On an annual basis the City is required to have an independent audit of its financial statements. The audit for FY2023 has been completed and a draft report is included as Attachment A.

The audit provides for an unmodified ("clean") opinion, which means that the financial statements present fairly in all material respects the financial condition of the City. The audit process includes an interim period of review of internal controls and testing of transactions and year-end balances. Both processes are completed by the independent auditors.

The ACFR is divided into the following sections:
• Introductory Section — Includes a Letter of Transmittal to introduce the ACFR and provide a profile of the government, and information that is useful in assessing a government's economic condition and organizational information.

New for this year is the GFOA Award of Excellence for Financial Reporting for Fiscal Year 2022.
• Independent Auditor's Report on Financial Statements — provides an opinion on the reasonable assurance about whether the financial statements as a whole are free from material misstatement.

Page 731 of 1064 ends

• Management Discussion and Analysis — provides management's discussion of the financial condition of the City and the results of operations for the year ended FY 2022-2023.
• Financial Statements — this provides for detailed financial results of both government activities and business type activities along with the change in financial position for the City during the fiscal year July 1, 2022, through June 30, 2023.
• Notes to the Financial Statements — this provides additional information regarding a summary of significant accounting policies, including valuation of assets and liabilities.
• Supplementary Information — this provides for comparative data with information from prior years.
• Statistical Section — provides financial trends, revenue capacity, debt capacity, demographic, economic and operating information which provides a context for assessing a government's economic condition.

Internal Control Over Financial Reporting
The auditors consider the City's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing their opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control.

Within this report the auditors will identify any deficiencies they encountered in their testing of internal control over financial reporting.

A deficiency in internal controls exists when the design or operation of control does not allow management or employees to prevent or detect and correct misstatements on a timely basis. There are two types of deficiencies, a material weakness and a significant deficiency. A material weakness is a deficiency that a material misstatement of the City's financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency in internal control that is less severe than a material weakness.

During the Fiscal year 2023 audit, RAMS identified no significant deficiencies or material weaknesses.

Page 732 of 1064 ends

Financial Highlights
(In Thousands)
City Assets (What We Own)
2023 2022
Current Assets consisting mainly of cash and amounts owed to the City Net Capital Assets consisting mainly of buildings, equipment, and vehicles Non -Current Assets consisting mainly of restricted cash and investments, loan receivable $ 201,938
$ 487,366
$ 83,462
$ 163,553
$ 506,707
$ 81,053
TOTAL CITY ASSETS $ 772,766 $ 751,313
Deferred Outflows of Resources, which have a positive effect on Net Position $ 13,410 $ 6,238 TOTAL CITY ASSETS AND DEFERRED OUTFLOWS $ 786,176 $ 757,551 City Liabilities (What We Owe)
2023 2022
Current Liabilities consisting mainly of all amounts the City owes, except for debt Non -Current Liabilities consisting of long-term obligations, including pension $ 58,486
$ 187,247
$ 62,467
$ 169,361
TOTAL CITY LIABILITIES r$ 245,733 r$ 231,828
Deferred Inflows of Resources, which have a negative effect on Net Positiion $ 1,641 $ 7,397 Deferred Inflows related to debt/leases $ 610 $ 636
TOTAL CITY LIABILITIES AND DEFERRED INFLOWS $ 247,984 $ 239,861 80,000
60,000
40,000
20,000
CITY NET FINANCIAL POSITION $ 538,192 $ 517,690
Governmental Activities
(In Thousands)
2022 2023
■ Total Revenues ■ Total Expenses

Page 733 of 1064 ends

Business Activities
(In Thousands)
25,000
20,000 /
15,000 /
10,000 /
5,000
2022
2023
■ Total Revenues ■ Total Expenses
General Fund Revenues
2022
2023
Taxes
Franchise Fees
Intergovernmental
License & Permits
Fines & Forfeitures
Assessments Levies
Use of Money and Property
Charges for Services
Other Revenues

TOTAL GENERAL FUND REVENUES
34, 846, 091
3,164, 944
6,307,226
4,997,452
425,252
676,180
(1,407,979)
$ 38, 675, 544
$ 3,253,677
$ 7,013,572
$ 5,250,590
$ 302,859
$ 972,981
$ 859,242
1,595,732 $ 1,957,027
626,268 $ 5,696,014
51,231,166 v$ 63,981,506
General Fund Expenditures
2022
2023
General Government
Public Safety
Public Works
Community Development
Community Services
Capital Outlay
Debt Service
Interest and Fiscal Charges

TOTAL GENERAL FUND EXPENDITURES
Other Revenues, including Transfers In
Other Expenditures, including Transfers Out

INCREASE/(DECREASE) IN FUND BALANCE
7,988,379
18, 098, 087
2,786,620
2,062,167
4,701,702
1,811,830
99,925
3,666
37, 552, 376
8,472,634
(111,272)
22,040,152
$ 9,206,231
$ 21, 494, 045
$ 4,099,461
$ 2,591,878
$ 5,854,860
$ 670,446
$ 697,420
$ 14,512
$ 44,628,853
$ 10, 296, 252
$ (33,536,835)
$ (3,887,930)

Page 734 of 1064 ends

Budget Results
General Fund
Budgeted
ME!!!!!E
Total Revenues
Expenditures
Other Financing Uses
Net Change in Fund Balance
$ 58, 340, 356
$ (49,624,727)
$ (24,386,379)
$ (15, 670, 750)
63, 981, 506
(44, 628, 853)
(23, 240, 583)
(3,887,930)
$ 5,641,150
$ 4,995,874
$ 1,145, 796
$11,782,820
Fund Balance — General Fund
• Unassigned $30.47 million as of June 30, 2023
• City policy states that 16% of annual operating budget for working cash flow, $5.0 million for budget stabilization, and $1.0 million for emergency disaster. • Working cash flow $10.85 million
• Budget stabilization $5.0 million
• Emergency reserve $1.0 million
• Total reserves $16.85 million
Available fund balance $13.62 million
Finance and Audit Committee Review
The Finance and Audit Committee met on November 30, 2023, to review and discuss the draft of the Annual Comprehensive Financial Report. The committee recommended moving forward to the City Council once they were in final form.

Fiscal Impact:

The estimated cost to prepare this report is $468.

Recommended Action:

Receive and file the FY2023 Annual Comprehensive Financial Report and all associated reports.

Attachments:

A. FY2023 Annual Comprehensive Financial Report
B. FY2023 SAS114 Letter
C. FY2023 Report on Internal Control Over Financial Reporting D. Rogers, Anderson, Malody & Scott, LLP Presentation

Page 735 of 1064 ends

BEAUMONT

CALIFORNIA
City of Beaumont
Beaumont, California
Annual Comprehensive Financial Report
For the year ended June 30, 2023

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City of Beaumont, California

ANNUAL COMPREHENSIVE

FINANCIAL REPORT
For the year ended June 30, 2023
Prepared by the Finance Department
Jennifer Ustation, Finance Director
Lisa Leach, CPA, Assistant Finance Director
Jacqueline Miranda, Accounting Technician II
Tara Astran, Budget Specialist
Justine Wickman, Accountant
Candace Vogel, Accounting Technician

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City of Beaumont
Annual Comprehensive Financial Report
For the year ended June 30, 2023
Table of Contents

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CITY OF BEAUMONT
Annual Comprehensive Financial Report
For the year ended June 30, 2023
Table of Contents
Page

INTRODUCTORY SECTION
Letter of transmittal i
Principal Officials x
Organization Chart xi
GFOA Certificate of Achievement xii

FINANCIAL SECTION
Independent Auditor's Report 1
Management's Discussion and Analysis 5
Basic Financial Statements
Government -Wide Financial Statements:

Statement of Net Position 15
Statement of Activities 17
Fund Financial Statements:

Governmental Fund Financial Statements:

Balance Sheet - Governmental Funds 20
Reconciliation of the Governmental Funds Balance Sheet
to the Government -Wide Statement of Net Position 22
Statement of Revenues, Expenditures, and Changes in Fund Balances 23 Reconciliation of the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the Government -Wide Statement of Activities 25 Proprietary Fund Financial Statements:

Statement of Net Position 27
Statement of Revenues, Expenses, and Changes in Net Position 28 Statement of Cash Flows 29
Fiduciary Fund Financial Statements:

Statement of Fiduciary Net Position 32
Statement of Changes in Fiduciary Net Position 33
Notes to the Basic Financial Statements 36
Required Supplementary Information (Unaudited):

Budgetary Information 84
Budgetary Comparison Schedule — General Fund 85

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CITY OF BEAUMONT
Annual Comprehensive Financial Report
For the year ended June 30, 2023
Table of Contents (Continued)
Page
FINANCIAL SECTION (continued)
Required Supplementary Information (Unaudited) (continued):

Budgetary Comparison Schedule — Development Impact Fees (DIF) Special Revenue Fund 86
Schedule of Proportionate Share of the Net Pension Liability and Related Ratios 87 Schedule of Pension Plan Contributions 89
Supplementary Information:

Major Governmental Funds:

Budgetary Comparison Schedules
Community Facilities District (CFD) - Capital Projects Fund 91 General Capital Projects - Capital Projects Fund 92
Beaumont Financing Authority - Debt Service Fund 93
Non -Major Governmental Funds:

Combining Balance Sheet 94
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 97 Budgetary Comparison Schedules
State Gas Tax Fund 100
Road Maintenance and Rehabilitation Act Fund 101
Measure A Fund 102
AB 2766 Fund 103
PEG Fees Fund 104
Other Federal Grants Fund 105
COPS Grand Fund 106
State Asset Seizure Fund 107
Other Special Revenue Fund 108
Community Facilities Districts (CFD) 109
Fiduciary Funds:

Combining Statement of Fiduciary Net Position 110
Combining Statement of Changes in Fiduciary Net Position 111

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CITY OF BEAUMONT
Annual Comprehensive Financial Report
For the year ended June 30, 2023
Table of Contents (Continued)
Page

STATISTICAL SECTION (UNAUDITED)
Net Position by Component 112
Changes in Net Position 114
Fund Balances of Governmental Funds 118
Changes in Fund Balances of Governmental Funds 120
General Fund Tax Revenue by Source 122
Top 25 Sales Tax Producers 123
Taxable Sales by Category 125
Assessed Value and Estimated Actual Value of Taxable Property 126 Direct and Overlapping Property Tax Rate 128
Principal Property Taxpayers 129
Property Tax Levies and Collections 130
Ratios of Outstanding Debt by Type 131
Direct and Overlapping Governmental Activities Debt 132 Computation of Legal Debt Margin 134
Pledge Revenue Coverage 136
Demographic and Economic Statistics 137
Principal Employers 138
Full -Time Equivalent City Governmental Employees by Function 139 Operating Indicators by Function 140
Capital Assets Statistics by Function 141

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BEAUMONT
I F O R N 1 A -
December 11, 2023
To the Honorable Mayor, Members of the City Council, and the Citizens of Beaumont:

It is with great pleasure that we present to you the City of Beaumont's (City's) audited Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2023. The financial statements within this report are presented in conformity with the generally accepted accounting principles (GAAP) and have been audited in accordance with generally accepted auditing standards (GAAS) and Government Auditing Standards (GAGAS) by an independent certified public accounting firm.

The ACFR includes the financial activity for all funds of the City, Financing Authority, Public Improvement Authority and Fiduciary Funds. The report is organized into three major sections which include the Introductory Section, the Financial Section, and the Statistical Section.

Management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal controls established for this purpose, which include an array of administrative procedures. These controls are designed to provide reasonable, but not absolute, assurance to safeguard City assets against loss from unauthorized use or disposition, as well as the reliability of financial records for accurate and fair presentation of financial reports. The concept of reasonable assurance recognizes that the cost of specific controls should not exceed the benefits likely to be derived from exercising the controls, and that this evaluation involves estimates and judgements by management. It is believed that the City's internal accounting controls adequately safeguard City assets and provide reasonable assurance of proper recording of financial transactions.

Rogers, Anderson, Malody & Scott, LLP, Certified Public Accountants, have issued an unmodified ("clean") opinion on the City of Beaumont's financial statements for the year ended June 30, 2023.

The independent auditor's report is located at the front of the financial section of this report.

Management's discussion and analysis (MD&A) immediately follows the independent auditor's report and provides a narrative introduction, overview, and analysis of the basic financial statements. The MD&A complements this letter of transmittal and should be read in conjunction with it.

PROFILE OF THE GOVERNMENT
Beaumont has a rich history and is nestled in the foothills of the San Bernardino National Forest.

Originally settled in the mid -1800s as a stop along the Southern Pacific Railroad, people drawn to the beautiful mountain views, crisp air and abundance of apple orchards remained in the area and the City of Beaumont was incorporated on November 18, 1912. The city is located 79 miles east of Los Angeles, 111 miles northeast of San Diego and 28 miles west of Palm Springs. Beaumont's incorporated area encompasses two of the region's most important highway interchanges, IH-10 i
City of Beaumont 1 550 E. 6th Street, filage,ar 4o3f9>2i(34 1 (951) 769-8520 1 BeaumontCA.gov

and SR -60 and IH-10 and SR -79. Beaumont (beautiful mountain), originally the community of the San Gorgonio Pass, began its roots as an ideal route for the transport of goods and services from the Missouri River to the Pacific Ocean. The Pass Area remains an important route for the transportation of goods and services from the West Coast today.

Beaumont's continued growth can be attributed to its desirable location and its reputation as an affordable community that offers a high quality of life. Local officials, supported by engaged community members, have worked tirelessly to prepare for a sustainable future and a vibrant community. Since the early 2000s Beaumont has undergone a major building boom and for several years has remained one of the fastest growing cities in Riverside County, mainly due to its housing affordability and convenient proximity to major urban centers. Beaumont's median income is $92,797 which is 21.9% higher than the average for Riverside County. 60,000
40,000
20,000
0 City of Beaumont
Population History
!1111111111
C V1 LO N 00 al 0 i-1 N m
-1 c1 a-1 a-i r1 a-1 N N N N
As presented in the ten-year population
history chart, Beaumont's population has
significantly increased over the past 10 years.

The 2022 US Census estimated the
population to be 56,349. The California
Department of Finance now estimates the
2023 population has grown to 56,987, an
increase of 638 from 2022 (1.13% growth).

Beaumont is a "general law" city governed by a city council/city manager form of government.

Within the City are multiple special districts which are separate entities with their own, duly elected governing boards. Beaumont is governed by a 5 -member City Council, from which the Mayor and the Mayor Pro tempore are selected annually. The City Council appoints the City Manager, who is responsible for the daily operations of all City departments, and the City Attorney.

The City's operating departments are City Council, City Clerk, Administration, Finance/Budget, Community Development, Economic Development, Community Services, Public Safety, Public Works, Transit, and Wastewater.

Basic local governmental services are provided including police, fire protection (through contract with Riverside County), maintenance and construction of public improvements, cultural, recreation, planning, zoning, transportation, sewer, and general administration. Financial administration of the City is the responsibility of the Finance Director, who supervises the City's fiscal administration and includes the day-to-day accounting, budgetary and reporting compliance, revenue and cash management, and debt administration operations. ii

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THE REPORTING ENTITY
The ACFR includes all activities carried out by the City as a legal entity, including the activities of the Beaumont Utility Authority (BUA), Beaumont Financing Authority (BFA), Beaumont Parking Authority (BPA), and the Beaumont Public Improvement Authority (BPIA). The City is financially accountable for each of these authorities as specified by the guidance of the Governmental Accounting Standards Board (GASB).

ACCOUNTING SYSTEMS AND BUDGETARY CONTROL
The City's fund accounting records are maintained using a modified accrual basis of accounting, as explained in the Notes to the Financial Statements, and is subject to the accounting practices for governmental units as mandated by (GASB). Basic City operations are accounted for in the City's General Fund, with other activities accounted for in separate funds as required by law or determined by management discretion.

The Government -Wide financial statements (Statement of Net Position and Statement of Activities) follow the accrual basis of accounting. As required by GASB, an accompanying summary reconciliation schedule is presented following the Governmental fund financial statements. These reconciliation schedules are presented on pages 23 and 26 in the body of the financial statements.

The Finance Director is charged with the responsibility for the receipt and disbursement of all monies and to maintain control over all expenditures to ensure that budget appropriations are not exceeded. The level of budgetary control, that is the level at which expenditures are not to exceed Council approved appropriations, is established at the fund and department level. The City Manager has authority to amend the budget within a departmental appropriation; however, changes in employee counts, or between departments within the same fund, must be approved by the City Council. Adjustments at the object level within major categories of expenditures are permissible at the department level, however, adjustments involving transfers between major categories of expenditures such as movement from personnel budget to operating budget, or capital budget to operating budget, between departmental and division budgets, require Finance Director recommendation and City Manager approval. The legal level of control lies within the total department budget for the General Fund. All other funds legal budgetary control is at the fund level. All appropriations lapse at year-end and become available for re -appropriation the following year through the appropriate budgetary process, upon recommendation by the City Manager for City Council consideration.
iii

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SIGNIFICANT EVENTS AND ACCOMPLISHMENTS
Economic Development
The City developed and launched a Downtown Business Incentive Program designed to encourage investment in the Downtown and to attract new businesses. The City launched a new Economic Development Website, creating a user-friendly interface where businesses can access resources, grant and incentive information, and businesses and developers can view available properties throughout the City. The city continues to implement a proactive retail recruitment strategy using market analytics utilizing The Retail Coach services. The City initiated development of the Downtown Beaumont Revitalization Plan with the help of GHD, an urban planning and engineering firm, which will provide an implementation plan to achieve City Council's vision for the Downtown established in the 2040 General Plan Update. The DBRP is anticipated to be completed in first quarter 2024.

Community Development
Beaumont adopted the 2040 General Plan Update which was a major update to the 2007 General Plan. The update was recognized by the American Planning Association and awarded the 2021 Comprehensive Plan Small Jurisdiction Award. The City also completed a Downtown Area Plan that provides a detailed vision, guiding principles, and goals and policies for the City's historic core. It recognizes the importance of this area to the identity of the community and is the guiding document for the revitalization and redevelopment of the downtown core. The city also completed the Housing Element Update process and implemented new Housing Element programs.

Community Services
Beaumont's recreational programming has taken a leap like never before, with an astounding 185% increase in services for the community, from the last year! Beaumont offers an extensive array of recreational activities to suit every interest and passion, from sports and fitness classes to arts, culture, and enrichment programs. The city of Beaumont has been hard at work crafting a visionary plan to transform its parks and recreational areas, ensuring a greener, more vibrant future for residents and visitors alike. Beaumont's Park Master Plan is an ambitious vision to create an enhanced park system that caters to the diverse needs and interests of its residents. The plan focuses on enhancing existing parks, creating new recreational spaces, and expanding programming.

Beaumont Parks and Recreation has achieved a significant milestone in elevating the facilities at the Beaumont Sports Park, demonstrating their commitment to enhancing the youth sports experience. The recent replacement of 160 sprinklers ensures efficient irrigation, maintaining pristine playing surfaces for young athletes. With the addition of 150 yards of topsoil, the park's fields are now optimized for safety and performance. Moreover, the installation of 42 lights not only extends the usability of the sports facilities into the evening but also enhances the overall safety of nighttime activities. These thoughtful improvements not only reflect the department's dedication to maintaining high -quality recreational spaces but directly benefit youth sports by providing optimal conditions for training and competition. iv

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Public Safety
In Fiscal Year 2022/2023, Beaumont Police Department successfully complete a comprehensive communications system upgrade. Preparations for this project spanned prior years and culminated in 2023 with the transition of user groups to the countywide Public Safety Enterprise Communications (PSEC) system. This enhanced coverage and functionality of all highly essential communication equipment. The Beaumont Police Department utilized Air Quality Management Department (AQMD) grant funding to acquire four electric police motorcycles. The addition of this transportation equipment enabled the expansion of our traffic enforcement team from one motorcycle officer to four without increasing mobile emissions. The upsurge in the traffic team allows patrol officers to focus on crime -related incidents with traffic -specific coverage operating nearly every day of the week. Finally, the Beaumont Police Department integrated the Ford F-150 pickup truck into the fleet and assigned it to the Homeless Liaison Officer (HLO). The HLO collaborates with a licensed clinician as part of the Community Behavioral Assessment Team (CBAT), offering resources to the homeless and to individuals in mental health crises. The deployment of a four -wheel -drive vehicle improves the CBAT team's ability to reach remote homeless campsites efficiently and deliver essential resources effectively.

Public Works
The city achieved notable accomplishments in infrastructure development, enhancing the overall functionality of our community. Key projects include Pennsylvania Avenue Widening, Pennsylvania Grade Separation, Potrero Interchange Phase II, and Fire Station No. 106. Pennsylvania Avenue Widening is a highly anticipated project that will add four lanes to Pennsylvania between First Street and Sixth Street. The project is currently in construction with completion anticipated in February 2024. Pennsylvania Avenue Grade separation project is currently in design. The project will eliminate the at -grade crossing with Union Pacific Railroad.

Completion of design is anticipated in 2024. With the City of Beaumont continuing to grow, the construction of our new Fire Station No. 106 is currently underway and should be completed by the calendar end of 2023. This will provide residents on the west side with shorter response times and expand Beaumont's public safety coverage. Phase 2 of the Potrero Interchange project includes the addition of On/Off Ramps to SR 60. The City has recently obtained $33.5 million in Trade Corridor Enhancement Program funding and $8 million in funding from RCTC. Construction is anticipated to begin in 2025. The City is also successfully implementing SB 1383, the new organics recycling mandate. The City also held two community clean ups that collected a total of 116.42 tons of waste helping to beautify Beaumont. These accomplishments highlight the City's commitment to fostering a safe, sustainable, and thriving environment for our residents.
v

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LOCAL ECONOMY AND PROSPECTS FOR THE FUTURE
As presented in the 2040 General Plan Update, the City will support downtown revitalizations as well as growth and business expansion in targeted industries that include healthcare, retail, and technology -based industries. Beaumont has continued to experience growth in its retail, commercial and industrial sectors. The City is approximately 70% built out and has significant land available to add to its numerous retail anchors that include Walmart, Home Depot, Kohls, Best Buy and Ross Dress for Less. The community has also experienced growth in its commercial and industrial sectors with the most recent addition being a Distribution center for United Legwear.

United Legwear joins other major employers like Amazon, Duraplastics, Perricone Juices, iFit Health and Fitness, Wolverine Worldwide, CJ Foods, and Rudolph Foods. Amazon and these other national brands provide much of the economic base of the community through the employment of the local labor force. Due to Beaumont's prime location, available land, and growing population base it is anticipated that it will remain attractive to future commercial and industrial prospects.

Planning policies have been adopted to support balanced growth the achieve fiscal sustainability while maintaining a high quality of life. These policies are in concert with the City Council's official goals and objectives in the areas of public safety, quality of life, economic development, sustainable community, and intergovernmental/interagency relationships.

In 2023, the median price of a home in Beaumont was $535,000, an increase of $23,500 or 4.59% from $511.500 in 2022, according to the Riverside County Recorder via HDL, Coren & Cone.

After several years of fluctuations in home values due to uncertain economic conditions, Beaumont has seen a steady increase in home prices from 2016 thru 2022. Beaumont continues to see a steady pace in new, single-family residential development which is expected to continue over the next couple of years. This growth is expected to continue attracting skilled and educated residents who are expanding the local workforce with the requisite skills to meet the City's economic development objectives.

City of Beaumont
Sales Tax History
$30,000,000
$20,000,000
$10,000,000
$-
0000WWIMWuu
i�-I ,N -I c�-I i^-I , 00 �-I NN N N N
0 0 0 0 0 0 0 0 0 0

NNNNNNNNNN
The Sales Tax History chart is a ten-year
historical presentation of the City's sales tax
revenue through fiscal year ending June 30,
2023. In 2023, the city received $28,509,903
in sales tax revenues, an increase of 6.10% or
$1,640,054 from $26,869,849.

As with most California communities, a large
portion of General Fund revenues are derived
from sales and use tax receipts. Continued
growth in the retail and commercial sectors
will be critically vital to the long-term fiscal
health of the community. A retail -oriented
economic development program has been
launched to expand local business and attract
new prospects. Existing, entitled land exists
for significant expansion of the retail center
at Highland Springs and Second Street with
other vacant sites at key locations being
targeted for retail -specific economic
development recruitment. The City also
launched a Downtown Business Incentive
Program to attract new businesses.
vi

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City of Beaumont
Property Tax History
$10,000,000
$5,000,000
$-
VIII
u1 l0 I� 00 Ol O N
ci %--1 ci ci ci ci N N N
0000000000
CV CV CV CV IN CV C•1 Cs1
The Property Tax History chart is a ten-year
historical presentation of the City's property
taxes through fiscal year ending June 30,
2023.
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$-
City of Beaumont
VLF History
1 1 1 1 1 1 1 1 1 1
Lfl l0 N 00 N M
-1 -1 -1 -1 -1 -1 N N N N
000000000 0

CV CV CV CV CV CV CV CV CV CV
In fiscal year 2004/2005, as part of the
California Governor's Budget/Constitutional
Protection Package, a Vehicle License Fee
(VLF) program was implemented. The
program provides for the exchange of the
On June 30, 2023, property tax revenues were
reported at $7,932,822, a net increase of
$241,261 or 3.14% from fiscal year 2022 due
to increased residential, commercial, and
industrial new accessed value as well as
increasing property values.
current VLF backfill from the State's general
fund for an equivalent amount of property tax
revenues in FY2004/2005. Any future
growth in VLF revenue would be calculated
in proportion to growth in gross assessed
valuation. As presented in the ten-year
history chart, VLF has steadily increased. In
fiscal year 2022/2023, the City collected
$6,952,148 in VLF revenue, an increase of
$711,198 or 11% from fiscal year 2022 due
to an increase in property values within the
City.
vii

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LONG-TERM FINANCIAL PLANNING AND FINANCIAL POLICIES
The City develops a five-year financial projection for all city funds, covering all foreseeable elements of revenue and expenditures. This practice allows the City to identify potential fiscal challenges early on and gives it time to plan strategically to weather economic cycles and provide stable and consistent services to its readers.

For capital projects, the City maintains a five-year capital improvement plan which is updated annually. This plan provides a long-term forecast of identified capital improvement projects and serves as a tool for the City management and City Council to plan, prioritize and monitor the City's capital projects.

The City has established a reserve policy to set aside unrestricted general fund balance for working capital, budget stabilization and emergency disaster Reserves. Working capital reserve requirements are to remain at 16% of the Operating Budget. This allows sufficient cash flow throughout the year when revenue receipts are not timely to expenditures. Budget Stabilization Reserve set at $5M to provide city staff time to address an economic downturn without having to dip into the Working Capital Reserve. Emergency Disaster Reserve set to $1M to provide funds that may not be available within the budget to address unforeseen emergency disaster brought upon by nature or huma. The City plans to continue to enhance financial policies including the reserve policy and to review these policies each year.

INDEPENDENT AUDIT
An independent audit of the City's records was performed for the year ended June 30, 2023, by the certified public accounting firm Rogers, Anderson, Malody & Scott, LLP. The auditor's report on the basic financial statements (government -wide financial statements and the fund financial statements), the notes to the basic financial statements and supplementary information is included in the Financial Section of the ACFR.

In general, the auditors concluded that the basic financial statements and supplementary information referred to above present fairly, in all material respects, the financial position of the City of Beaumont, Beaumont Successor Agency, Beaumont Financing Authority and the Beaumont Public Improvement Authority, as of June 30, 2023, and the results of its operations and cash flows of its proprietary fund types for the year ended in accordance with accounting principles generally accepted in the United States of America. The professionalism and knowledge by Rogers, Anderson, Malody & Scott, LLP during the audit is appreciated. viii

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AWARD AND ACKNOWLEDGMENTS
The Government Finance Officer Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Beaumont for its Annual Comprehensive Financial Report for the fiscal year ended June 30, 2022. This was the first year the City received the extinguished award. To be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized ACFR. This report must satisfy both GAAP and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only.

We believe that our current Annual Comprehensive Financial Report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate.

The preparation of this report would not have been possible without the efficient and dedicated services of the entire staff of the Finance Department and other City Departments that provided data for preparation of the Statistical section of the Report. We would like to express our appreciation to the members of all departments who assisted and contributed to the preparation of this report. We would like to extend our appreciation to the Mayor, City Council, and each City Department for their cooperation and support in conducting fiscal operations of the City.

Lastly, we would like to thank the City's independent auditors, Rogers, Anderson, Malady & Scott, for their assistance in preparing this important financial document.

Respectfully submitted,
Jennifer .tation
Finance` Director
ix

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CITY OF BEAUMONT

PRINCIPAL OFFICIALS
Elected Officials
Julio Martinez III
Mayor
David Fenn
Mayor Pro Tem
Lloyd White
Council Member

APPOINTED OFFICIALS
Elizabeth Gibbs
City Manager
John Pinkney
City Attorney
Mike Lara
Council Member
Jessica Voigt
Council Member
Elaine Morgan City Clerk
Nicole Wheelwright Deputy City Clerk
AJ Patel City Treasurer
Siomara Giroux Executive Assistant
Christina Taylor Deputy City Manager
Kari Mendoza Administrative Services Director
Sean Thuilliez Chief of Police
Jennifer Ustation Finance Director
x

Page 753 of 1064 ends

City of Beaumont
Organizational Chart
i
COUNCIL MEMBERS (5)
i
ity Attorne
i
1 i
City Clerk
I PIO
1 Qeputy Citt
1 Clerk
Deputy City
Manager
Police Chief
ublic Works
Director
xi

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GD
Government Finance Officers Association
Certificate of
Achievement
for Excellence
in Financial
Reporting
Presented to
City of Beaumont
California
For its Annual Comprehensive
Financial Report
For the Fiscal Year Ended
June 30, 2022
C-4��- p- 761
Executive Director/CEO

Page 755 of 1064 ends

735 E. Carnegie Dr. Suite 100
San Bernardino, CA 92408
909 889 0871 T
909 889 5361 F
ramscpa.net

PARTNERS
Terry P. Shea, CPA
Scott W. Manno. CPA. CGMA
Leena Shanbhag, CPA. MST, CGMA
Bradferd A. Welebir, CPA, MBA, CGMA
Jenny W. Liu, CPA, MST
Gardenya Duran, CPA. CGMA
Brianna Schultz, CPA. CGMA
Brenda L. Odle, CPA. MST (Partner Emeritus)

MANAGERS / STAFF
Seong-Hyea Lee, CPA. MBA
Evelyn Morentin-Barcena, CPA
Veronica Hernandez. CPA
Laura Arvizu, CPA
John Maldonado. CPA, MSA
Julia Rodriguez Fuentes. CPA. MSA
Demi Hite. CPA
Jeffrey McKennan. CPA

MEMBERS
American Institute of
Certified Public Accountants
PCPS The AICPA Alliance
for CPA Firms
Governmental Audit
Quality Center
California Society of
Certified Public Accountants
Proud Member of
AlliottGlobalAlliance"
R
M
A
S

ROGERS, ANDERSON, MALODY & SCOTT, LLP
CERTIFIED PUBLIC ACCOUNTANTS. SINCE 1948
Independent Auditor's Report
To the Honorable Mayor and Members
of the City Council of the
City of Beaumont
Beaumont, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Beaumont (the City), as of and for the fiscal year ended June 30, 2023, and the related notes to the financial statements, which collectively comprise the City's basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City, as of June 30, 2023, and the respective changes in financial position and where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Other Matters
As discussed in Note 1 to the financial statements, in the year ended June 30, 2023, the City adopted new accounting guidance under Governmental Accounting Standards Board (GASB) Statement No. 96, Subscription Based IT Arrangements. Our opinions are not modified with respect to this matter.
1 STABILITY. ACCU .�o fitt 1064

Responsibilities of Management for the Financial Statements The City's management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City's ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.

Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks.

Such procedures include examining on a test basis, the evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control —related matters that we identified during the audit. 2

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ROGERS, ANDERSON. MALO DV A SCOTT, LLR
CERTIFIED RUGLIC ACCOUNTANTS, BNCE 1948

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management's discussion and analysis, and schedules as listed in the table of contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City's basic financial statements. The accompanying supplementary information listed in the table of contents are presented for purposes of additional analysis and are not a required part of the basic financial statements.

The combining nonmajor fund financial statements and the budgetary comparison schedules are the responsibility of management and were derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information contain therein is fairly stated, in all material respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other information included in the annual report. The other information comprises the introductory section and statistical section but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. 3

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ROGERS, ANDERSON. MALO DV A SCOTT, LLR
Ea CERTIFIED RUGLIC ACCOUNTANTS, BNCE 1948

Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated December 11, 2023 on our consideration of the City's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control over financial reporting and compliance.

San Bernardino, California
December 11, 2023
LL P.
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MANAGEMENT'S DISCUSSION AND ANALYSIS
Our discussion and analysis of the City of Beaumont's financial performance provides an overview of the City's financial activities for the fiscal year ended June 30, 2023. Please read it in conjunction with the accompanying transmittal letter and the accompanying basic financial statements.

FINANCIAL HIGHLIGHTS
• In the Government -Wide — Statement of Net Position: The City's assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources by $538,192m (net position); of this amount $407,539m is from governmental activities and $130,652m is from business -type activities, with $29,691 m positive and $6,878m positive unrestricted net position, respectively. • In the Government -Wide — Statement of Activities: The City's overall net position increased 3.46% or $20,503m from the $517,689m at the beginning of the year, to $538,191 m at the end of the year.

The increase is the net result of positive changes of $36,138m in governmental activities and negative change of $15,636m in business -type activities. • In the Government -Wide — Statement of Activities: During the current year, Governmental activities program revenues increased by $3,725m due to an increase of combined charges for services and operating contributions and grants of $4,264m. Business -type program revenues decreased by a net $2,808m due to a decrease in charges for services and operating grants and contributions. • In the Governmental Fund — Statement of Revenues, Expenditures, and Changes in Fund Balance:

During the year, the General Fund reported a negative net change in fund balance of $3,888m due to $19,353m of revenues over expenditures combined with other financing uses of $23,241 m. The majority of the increase in other financing uses was due to transfers out of $33,537m for one time Project Funding.
• In the Required Supplementary Information — Budgetary Comparison Schedule: For the General Fund, the actual revenues available for appropriation were more than the final budget by $5,641 m, while actual expenditures were $4,996mm less than the final budget. Net actual other financing sources were $1,145m more than the final budget, resulting in a positive $11,782m net change in budgetary variance and an actual negative fund balance change of $3,888m. • In the 2022/2023 Adopted Budget — the City Council and management annually make great efforts to adopt a balanced budget that preserves general fund - fund balance. This year City Council adopted a General Fund budget which is projected to have a negative change in net position of $15,670m. Overall, the General Fund maintains a solid financial position with committed funds of $6,329m (emergency contingency) and assigned funds of $2,216m (capital equipment replacement). In the adopted budget for fiscal year 2022/2023, committed fund balance represent

8.9% of the General Fund annual budget.
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USING THIS ANNUAL REPORT
The discussion and analysis is intended to serve as an introduction to the City of Beaumont's basic financial statements. The basic financial statements consist of three components: 1) government -wide financial statements, 2) fund financial statements, and 3) notes to the financial statements.

The government -wide statements provide information about the activities of the City as a whole and present a longer -term view of the City's finances. These statements consist of the statement of net position and statement of activities.

The fund financial statements, which consist of the governmental funds, proprietary funds, and fiduciary funds, report the City's operations in more detail than the government -wide statements by providing information about the City's most significant (major) funds. The governmental fund statements also tell how City services were financed in the short term as well as what remains for future spending. The proprietary funds statements use the same accounting method as the business -type activities but provide more detail of the activities. The fiduciary fund statements provide financial information about activities for which the City acts solely as a trustee or agent for the benefit of those outside of the government.

Reporting the City as a Whole
The Government -Wide Financial Statements
One of the most important questions asked about the City's finances is, "Is the City as a whole better off or worse off as a result of this year's activities?" The statement of net position and the statement of activities report information about the City as a whole and about its activities in a way that helps answer this question.

These statements include all assets and liabilities using the accrual basis of accounting, which is like the accounting used by most private -sector companies. All the current year's revenues and expenses are considered regardless of when cash is received or paid.

These two statements report the City's net position and changes in it. The reader can think of the City's net position - the difference between assets, deferred outflows of resources, deferred inflows of resources and liabilities - as one way to measure the City's financial health. Over time, increases or decreases in the City's net position is one indicator of whether its financial health is improving or deteriorating. However, to assess the overall health of the City the reader will need to consider other non -financial factors, such as changes in the City's property tax base and the condition of the City's roads and other infrastructure.

The statement of net position and the statement of activities present information about the following:
• Governmental activities - All the City's basic services are governmental activities, including general government, community development, public safety and public works. General revenues, including property taxes, motor vehicle in lieu, sales taxes, and franchise fees, finance 64% of these activities. • Business -type activities — All Proprietary Funds (enterprise funds), wastewater, wastewater capital, wastewater developer impact fees, recycling water impact fees, transit, and transit capital, which receive funding through charges for services and developer contributions. • Component units - The City's governmental activities include the Beaumont Financing Authority (BFA) and the Beaumont Public Improvement Authority (BPIA).
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Reporting the City's Most Significant Funds
Fund Financial Statements
The fund financial statements provide detailed information about the most significant funds - not the City as a whole. Some funds are required to be established by State Law and by bond covenants. However, the City Council establishes many other funds to help it control and manage money for specific purposes or to show that it is meeting legal responsibilities for using certain taxes, grants, and other money. The City's three kinds of funds — governmental, proprietary, and fiduciary - use different accounting approaches.

Governmental funds - Most of the City's basic services are reported in governmental funds, which focus on how money flows into and out of those funds and the balances left at year-end that are available for spending. These funds are reported using an accounting method called modified accrual accounting, which measures cash and all other financial assets that can readily be converted into cash. The governmental fund statements provide a detailed short-term view of the City's general government operations and the basic services it provides. Governmental fund information helps determine whether there are more or fewer financial resources that can be spent in the near future to finance the City's programs. We describe the relationship (or differences) between governmental activities (reported in the statement of net position and the statement of activities) and governmental funds in a reconciliation schedule accompanying the fund financial statements.

The City of Beaumont maintains forty individual governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental statement of revenues, expenditures, and changes in fund balances for the General Fund, Beaumont Financing Authority/Beaumont Public Improvement Authority, Community Facilities District (CFD), Development Impact Fees (DIF), Capital Projects Fund and General Capital Projects Fund, which are major funds. The remaining eleven nonmajor funds are combined and presented in the nonmajor governmental funds column. Individual fund detail for the nonmajor funds is presented in the combining statements which is located as listed in the table of contents under Supplementary Information.

Proprietary funds - When the City charges customers for certain services it provides, these services are generally reported in proprietary funds. There are two types of proprietary funds: enterprise fund (business - type activities) and internal service funds (internal allocation of costs). Proprietary funds are reported on the full accrual basis of accounting, which is the same method that all activities are reported in the statement of net position and the statement of activities.

The City of Beaumont maintains eight enterprise funds to account for Wastewater (Four funds), Transit (Three funds) and one Internal Service Fund. The Wastewater and Transit funds are major funds and as such detail activity is presented in the statement of net position, statement of revenues, expenses and changes in net position, and statement of cash flows which is located as listed in the table of contents under Fund Financial Statements.

Fiduciary Funds - The City is the trustee, or fiduciary, for certain amounts held on behalf of developers, property owners, and others. The City acting as Successor Agency to the Former Beaumont Redevelopment Agency (Successor Agency) is the trustee, or fiduciary, for amounts held on behalf of bond holders, enforceable obligations, and taxing entities The City's fiduciary activities are reported in separate statement of fiduciary net position and changes in fiduciary net position. We exclude these activities from the City's other financial statements because the City cannot use these assets to finance its operations.

The City is responsible for ensuring that the assets reported in these funds are used for their intended purposes. The statement of fiduciary net position and statement of changes in fiduciary net position are located as listed in the table of contents under Fund Financial Statements.

Notes to the financial statements — Additional information that is crucial to a full understanding of the figures provided in the government -wide and fund financial statements is provided in the notes to the financial statements. The notes to the financial statements can be found on as listed in the table of contents under Notes to the Basic Financial Statements.
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Required supplementary information - The budget and budgetary accounting and postemployment benefit plans information is located as listed in the table of contents under Required Supplementary Information.

Government -Wide Financial Analysis
Our analysis focuses on the net position (Table 1) and changes in net position (Table 2) of the City's governmental and business -type activities reported in the government -wide statements.

Net Position
As shown in Table 1, the City's net position from governmental activities increased 9.73% from $371,401m to $407,539m. The $36,138m positive change in net position is the result of a negative $24,340m in program operations, netted with $61,094m in general revenues. In the business -type activities the decrease was

10.69% or $15,637m, net position changed from $146,289m to $130,652m, the net result of a positive net revenue over expenses of $6,092m and a negative $21,728m in general revenues and transfers. These changes are recorded in the statement of activities (Table 2) which flows through to the statement of net position.

Table 1
Statement of Net Position
(Dollars in Thousands)
Assets:

Current and other assets
Capital assets
Total assets
Deferred outflows:

Deferred outflows related to pension
Governmental Activities
Business -type Activities Total
2023 2022 2023 2022 2023 2022
$ 259,894 $ 221,727 $ 25,506 $ 22,879 $ 285,400 $ 244,606 293,377 287,570 193,989 219,137 487,366 506,707
553,271 509,297 219,495 242,016 772,766 751,313
11,852 5,489 1,558 748 13,410 6,237
Liabilities:

Current and other liabilities 52,471 52,357 6,093 10,109 58,564 62,466 Noncurrent liabilities 102,938 85,067 84,231 84,295 187,169 169,362 Total liabilities 155,409 137,424 90,324 94,404 245,733 231,828 Deferred inflows:

Deferred inflows related to pension 1,564 5,325 77 2,071 1,641 7,396 Deferred inflows related to leases 611 636 - 611 636.00 Total deferred inflows 2,175 5,961 77 2,071 2,252 8,032 Net position:

Net investment in capital assets 212,055 210,230 110,914 134,351 322,969 344,581 Restricted 165,793 121,977 12,860 757 178,653 122,734
Unrestricted 29,691 39,194 6,878 11,181 36,569 50,375
Total net position $ 407,539 $ 371,401 $ 130,652 $ 146,289 $ 538,191 $ 517,690 8

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As shown in Table 2, the change in net position is a positive $36,138m for governmental activities and negative $15,636m for business -type activities, with a combined total increase in net position of $20,502m for the fiscal year ending June 30, 2023.

Table 2
Statement of Activities
(Dollars in Thousands)
Governmental Activities
Business -type Activities Total
2023 2022 2023 2022 2023 2022
Revenues:

Program Revenues:

Charges for services $ 9,460 $ 8,436 $ 20,773 $ 23,594 $ 30,233 $ 32,030 Operating grants 4,912 1,672 2,500 2,687 7,412 4,359
Capital grants 15,864 16,403 2,081 1,882 17,945 18,285
General Revenues:

Property taxes/in-lieu 14,885 13,195 14,885 13,195
Sales taxes 28,510 26,870 28,510 26,870
Motor vehicle in lieu taxes 56 61 56 61
Utility users tax 2,702 2,059 2,702 2,059
Franchise taxes 3,254 3,165 3,254 3,165
Transient occupancy taxes 433 422 433 422
Business licenses 381 350 381 350
Other taxes 973 737 973 737
Capital contribution - - -
Investment earnings 5,239 1,157 638 (1,131) 5,877 26
Miscellaneous 4,514 599 24 1,207 4,538 1,806
Gain on sale of assets 148 51 (23,005) - (22,857) 51
Total revenues 91,331 75,177 3,011 28,238 94,342 103,415 Expenses:

General government 10,643 4,089 10,643 4,089
Public safety 23,317 18,853 23,317 18,853
Public works 9,863 4,338 9,863 4,338
Community development 3,202 2,432 3,202 2,432
Community services 4,988 2,513 4,988 2,513
Interest and fiscal charges 2,564 4,966 2,564 4,966
Sewer - 16,398 17,597 16,398 17,597
Transit - 2,865 3,048 2,865 3,048
Total expenses 54,577 37,191 19,263 20,645 73,840 57,836 Changes in net position before
Transfers 36,754 37,986 (16,252) 7,593 20,502 45,579
Transfers (616) (254) 616 254 - -
Change in net position 36,138 37,732 (15,636) 7,847 20,502 45,579 Net position, beginning of year, as
restated 371,401 333,669 146,289 138,442 517,690 472,111 Net position, end of year $ 407,539 $ 371,401 $ 130,653 $ 146,289 $ 538,192 $ 517,690 Governmental activity program revenues increased over last year by $3,725m, and general revenues increased by $12,429m. Net increase in operating contributions and grants of $3,240m was a result of $240k in grant funding for radios, $293km of American Rescue Funds received related expenditures, $405k for SB2 Planning Grant and an increase of $1,752mk in Public Works debt proceeds for the new fire station.

Charges for services increases in General Government of $976k were mainly due to reclassing overhead charges to revenue of $749k. Public Safety program revenues increased by a net of $1,366k due to an increase in capital contributions for emergency preparedness of $760k, mitigation fee increase of $359k, and $183k increase for an additional resource officer contract with BUSD. Community Services program revenue decreased by $1,220m mainly due to a decrease in mitigation fee. 9

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Beaumont City CouncilDecember 19, 2023

Beaumont City Council
December 19, 2023