Agenda packet — Coachella City Council, February 12, 2025 (part 1 of 5)

City Hall Council Chamber
1515 Sixth Street, Coachella, California
(760) 398-3502  www.coachella.org
AGENDA

CITY COUNCIL CLOSED SESSION AND

REGULAR MEETING

OF THE CITY OF COACHELLA

THE COUNCIL SITTING AS THE COACHELLA SANITARY DISTRICT,

COACHELLA FIRE PROTECTION DISTRICT, COACHELLA FINANCING AUTHORITY,

COACHELLA EDUCATIONAL AND GOVERNMENTAL ACCESS CABLE CHANNEL CORPORATION,

COACHELLA WATER AUTHORITY, SUCCESSOR AGENCY TO THE COACHELLA REDEVELOPMENT AGENCY

AND COACHELLA PARKS AND RECREATION FOUNDATION
February 12, 2025
5:00 PM – CLOSED SESSION
6:00 PM – REGULAR MEETING
In-Person Meeting
Location:

Coachella City Hall
Council Chamber
1515 Sixth Street
Coachella, CA
If you would like to attend the meeting via Zoom, here is the link:
https://us02web.zoom.us/j/88457271898?pwd=REdzU1NoQmpVSFhWTDVaZ0VCekYxdz09 Or One tap mobile : 16699006833,,88457271898#,,,,*606140# Or Telephone:

US: +1 669 900 6833
Webinar ID: 884 5727 1898
Passcode: 606140
Spanish: El idioma español está disponible en Zoom seleccionado la opción en la parte de abajo de la pantalla
 Public comments may be received either in person, via email, telephonically, or via Zoom with a limit of 250 words, or three minutes:
o In Real Time:

If participating in real time via Zoom or phone, during the Public Comment Period, use the “raise hand” function on your computer, or when using a phone, participants can raise their hand by pressing *9 on the keypad.
o In Writing:

Written comments may be submitted to the City Council electronically via email to [email protected]. Transmittal prior to the start of the meeting is required. All written comments received will be forwarded to the City Council and entered into the record. o If you wish, you may leave a message at (760) 262-6240 before 4:30 p.m. on the day of the meeting.  The live stream of the meeting may be viewed online by accessing the city's website at www.coachella.org, and clicking on the "Watch Council Meetings" tab located on the home page, and then clicking on the "live" button.

Page 1 ends

Agenda City Council Closed Session and Regular Meeting February 12, 2025

Page 2 ends

CALL TO ORDER: - 5:00 P.M.

ROLL CALL:

APPROVAL OF AGENDA:
“At this time the Council/ Board/Corporation/Authority may announce any items being pulled from the Agenda or continued to another date or request the moving of an item on the agenda” PUBLIC COMMENTS (CLOSED SESSION ITEMS):

ADJOURN TO CLOSED SESSION:

1. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant Exposure to Litigation Pursuant to Government Code Section 54956.9(d)(2)/(e)(1) Two (2) Potential Case
RECONVENE REGULAR MEETING: - 6:00 P.M.

PLEDGE OF ALLEGIANCE:

CLOSED SESSION ANNOUNCEMENTS:

PROCLAMATIONS/PRESENTATIONS/DIRECTION:

2. Presentation of Proclamation to Sandy Krause

3. Presentation - UCR Extension Free Business Management Courses

4. Approved Uses of Unassigned General Fund Balance for FY 23-24 and FY 24-25 WRITTEN COMMUNICATIONS:

CONSENT CALENDAR:
(It is recommended that Consent Items be acted upon simultaneously unless separate discussion and/or action is requested by a Council Member or member of the audience.)

5. Regular Meeting Minutes of January 22, 2025, of the City of Coachella, Coachella Sanitary District, Coachella Fire Protection District, Coachella Financing Authority, Coachella Educational and Governmental Access Cable Corporation, Coachella Water Authority, Successor Agency to the Coachella Redevelopment Agency and Coachella Parks and Recreation

6. Special Meeting Minutes of January 27, 2025, of the City of Coachella, Coachella Sanitary District, Coachella Fire Protection District, Coachella Financing Authority, Coachella Educational and Governmental Access Cable Corporation, Coachella Water Authority, Successor Agency to the Coachella Redevelopment Agency and Coachella Parks and Recreation

Page 2 ends

Agenda City Council Closed Session and Regular Meeting February 12, 2025

Page 3 ends

7. Investment Report – August 31, 2024, September 30, 2024 and October 31, 2024

8. Quarterly Reports - Second Quarter FY 2024-2025

9. Voucher Listing- EFT's/Utility Billing Refunds/FY 2024-25 Expenditures as of February 12, 2025, $6,979,485.22.

10. Authorize City Manager to Execute a Letter Agreement with Zambelli Fireworks for a Special Event Pyrotechnic Program for the City’s 2025 Fourth of July program in the Amount of $52,000

11. Authorize a Structural Property Improvement Program (SPIP) Grant in the Amount of $20,000 to Farzana Qureshi (Indus Medical Center) for Improvements to the Property Located at 791 Orchard Street, Coachella, CA and Authorize the City Manager to Execute Associated Documents

12. Authorize the City Manager to Execute a Professional Service Agreement with MSA Consulting Inc. for Survey and Utility Services Related to the Waterline Crossing the Coachella Valley Storm Channel on Avenue 50 in the Amount not to Exceed $35,350.00

13. Authorize a Community-Based Grant to the Children’s Discovery Museum of the Desert (CDMOD) in the Amount of $1,000 to Support Enrichment Activities for Children

14. Approve Sponsorship Request by Culturas Music and Arts for their Annual Women Rising Rebozo Festival in the Amount of $5,000

15. Authorize the City of Coachella to Sponsor The Mobius Conference in the Amount of $3,000

16. Authorize the City Manager to Execute Amendment No.1 to Task Order for Well #16 Under a Professional Services Agreement with Dudek for Pump Testing Well #16 in an Amount not to Exceed $45,920.00

17. Authorize the Cost Share Payment of $40,000 for the Replacement of Twenty (20) Water Laterals for Rancho Mariposa – Tract 30831

18. Accept an Offer for a Temporary Construction Easement on Real Property Owned by the City of Coachella (APN 603-220-051) in an Amount of $1,000 for the Arts and Music Line, Project ST-140 and Authorize the City Manager and the City Engineer to sign a Right-of-Way (R/W) Contract as Needed for the Execution of the TCE for the Arts and Music Line, City Project ST-140

19. Authorize the City Manager to Execute a Contract with DeAztlan Consulting in the Amount of $24,500 for Community Outreach Services for Coachella Sphere of Influence Areas (Pocket 7, Mesquite and South Airport).

NEW BUSINESS CALENDAR (LEGISLATIVE AND ADMINISTRATIVE):

20. Provide Direction and Approve Appointments to the City’s Coachella Planning Commission, Parks and Recreation Commission and Culture and Arts Commission

21. Mayor's Appointments to Various Council Subcommittees, Coachella Valley Association of Government (CVAG) Committees, Other Agencies, etc.

Page 3 ends

Agenda City Council Closed Session and Regular Meeting February 12, 2025

Page 4 ends

22. Amend the Façade Improvement Grant Program Guidelines to Allow Interior Improvement Investments to Count as Leveraging for the Exterior Improvements

23. Approve Amendment to Contract with Demo Unlimited, Inc. to Complete Asbestos Abatement and Demolition of the Property at 52-156 Tripoli Way in the amount of $87,923.39 and Authorize the City Manager to Execute Amendment

24. Authorize a Community Sponsorship to Animal Action League in the Amount of $25,200.00 to Support Public Spay/Neuter Clinic Events

25. Adopt Resolution No. 2025-05 Approving the Coachella Valley Multiple Species Habitat Conservation Plan (CVMSHCP) Like Exchange for the KPC Coachella Specific Plan; the KPC Group, Applicant

26. Authorize the Use of HOME Program Income Funds in the Amount of $1,610,000 to Fund Twenty-Four (24) First-Time Homebuyer Program Loans and Authorize the City Manager to Enter into an Agreement with the County of Riverside Housing and Workforce Solutions to Administer the Program Funds

27. Adopt Resolution No. 2025-06 Appointing Kaye Reynolds as Interim Finance Director Pursuant to Government Code sections 7522.56 and 21221(h)

28. Adopt Resolution No. 2025-08 Approving and Adopting the Publicly Available Pay Schedule for Executive Employee Positions in Accordance with CalPERS Guidelines

29. Resolution No. 2025-07 Appointing William Pattison as Interim City Manager Pursuant to Government Code Section 21221(h)
PUBLIC HEARING CALENDAR (QUASI-JUDICIAL):

30. Adopt Resolution No. 2025-04 Establishing an Application fee for Healthy Food Truck Operator Permits Coachella Healthy Food Truck Operations Within the City PUBLIC COMMENTS (NON-AGENDA ITEMS):

The public may address the City Council/Board/Corporation/ Authority on any item of interest to the public that is not on the agenda but is in the subject matter jurisdiction thereof. Please limit your comments to three (3) minutes.

REPORTS AND REQUESTS:

Council Comments/Report of Miscellaneous Committees.

City Manager’s Comments.

ADJOURNMENT:

Complete Agenda Packets are available for public inspection at the City Clerk’s Office at 53-462 Enterprise Way, Coachella, California, and on the City’s website www.coachella.org.

Page 4 ends

Agenda City Council Closed Session and Regular Meeting February 12, 2025

Page 5 ends

THIS MEETING IS ACCESSIBLE TO PERSONS WITH DISABILITIES

Page 5 ends

Page 6 ends

Item 3.

Page 7 ends

Item 3.

Unassigned Fund Balance
FY 2023-24 and FY 2024-25
City Council Meeting
February 12, 2025
City of Coachella

Page 8 ends

Item 4.

Unassigned Fund Balance Uses
Fiscal Year 2023-2024
2 DATE DESCRIPTION
Beginning Balance 17,762,967.00
11/1/2023 Public Spay/Neuter Clinic Events ($16,000.00) 7/26/2023 Transit Hub Project-shortfall ($497,556.00)
09/13/23 Avenue 53 Tot Lot ($9,900.00)
09/13/23 improvements at Rancho Las Flores Park - Parks ($150,000.00) 10/11/23 KOA Corporation-Professional Services Agreement ($40,000.00) 10/11/23 Bagdouma Park Court Improvements ($56,536.39)
01/24/24 Amend Budget for City Manager's Contract ($32,761.00) 10/25/23 Sponsorship of Raices Cultura ($15,000.00)
11/08/23 Yunex LLC - Professional Services - Streets Division ($60,000.00) 11/08/23 Drain system maintenance services ($50,000.00) 11/08/23 Professional Services Agreement-Urban Futures, Inc ($100,000.00) 01/24/24 Avenue 48 Arts and Music Line Project ($29,881.00) 01/24/24 USA Shade-Shade replacement for parks ($158,757.40) 01/24/24 West Coast Arborists - Hidden Harvest ($57,000.00) 02/14/24 Professional Service Agreement with MIG ($84,093.00) 02/14/24 Cesar Chavez Day Page 9 ($10,000.00)
Item 4.
3 Unassigned Fund Balance Uses
Fiscal Year 2023-2024

DATE DESCRIPTION
02/14/24 Coachella Women’s Summit ($25,000.00)
02/14/24 11th Annual Women Rising event ($5,000.00)
02/28/24 Blue Zones Project ($200,000.00)
03/27/24 Purchase corporate yard video camera server ($30,344.60) 03/27/24 Network Server Upgrade ($32,458.61)
03/27/24 6 Dell Workstations ($9,150.34)
03/27/24 Dual Language Camera for Council Chamber ($81,444.25) 03/27/24 Digital Signage System from AVIR Technologies ($19,485.00) 03/27/24 The
Hue Music and Arts Festiva ($3,000.00)
06/02/24 2024 Farmchella ($12,000.00)
03/07/24 User Fee Study and Overhead Allocation ($38,210.00) 04/24/24 Dual language HD Swagit camera ($109,528.00)
04/24/24 Repair of retention basin at Rancho las Flores ($65,000.00) 04/24/24 Bagdouma Park improvements ($45,000.00)
04/24/24 Equitable Cities LLC - Professional Services ($35,000.00) 04/24/24 Deckard Technologies Inc ($32,750.00)
04/24/24 Powers Authority Executive-The Visit Greater Palm Springs ($35,324.00)

Page 10 ends

Item 4.
4 Unassigned Fund Balance Uses
Fiscal Year 2023-2024

DATE DESCRIPTION
05/08/24 ST-118 Street Rehab Phase 19 ($1,231,705.50)
04/24/24 West Coast Arborists ($50,000.00)
05/08/24 Clown Dia del Nino ($1,000.00)
05/08/24 LSA for On-Call Professional ($33,629.00)
05/08/24 DeAztlan Consulting for On-Call Professional Consultant ($83,472.00) 05/08/24 DTA for On-Call Professional Planning Consultant Services ($37,500.00) 06/12/24 Alta Planning + Design, Inc. in ST-138 ATP Hwy 11 & Ave 54 Bike Lines ($10,000.00) 02/28/24 Software as a Service Agreement-Munis ($633,110.00) 03/27/24 Connect Coachella Project, City Project ST-138. ($82,010.00) 02/28/24 Façade Improvement Grant Program - FY 24-25 F-38 ($1,000,000.00) 02/28/24 Dillon Road - Loan to fund 108 (Advance) (1,658,329.99) 05/08/24 Reserved for Land Purchase ($1,000,000.00)
Total Approved FY 2023-24 ($7,966,936.08)
Ending Balance at 6/30/2024 9,796,030.92

Page 11 ends

Item 4.
5 Unassigned Fund Balance Uses
Fiscal Year 2024-2025

DATE DESCRIPTION
Beginning Balance 9,796,030.92
7/10/2024 On-Call Professional Planning Consultant (42,000.00) 7/10/2024 Youth Advisory Commission (6,000.00)
7/24/2024 ST-130, Pueblo Viejo Sustainable (234,272.99) 7/24/2024 Senior Center heating, ventilation and air conditioning (43,375.00) 7/24/2024 Resident Engagement Academy (1,550.00)
7/24/2024 Energy Improvement Project-install smart controls (242,144.00) 7/24/2024 General Tax Measure TOT (15,000.00)
9/11/2024 Purchase of a forklift- Public Works (24,000.00) 9/11/2024 Lighting and Decorations Project No. 061324 (50,000.00) 09/11/24 Holiday Tree Lighting (90,000.00)
09/11/24 Digital Signage system (35,373.61)
09/11/24 Coachella Container Park (45,000.00)
09/11/24 Synergy Music and Arts Festival Event: (10,200.00) 09/25/24 Strategic Energy Experts (59,000.00)

Page 12 ends

Item 4.
6 Unassigned Fund Balance Uses
Fiscal Year 2024-2025

DATE DESCRIPTION
10/09/24 Dia de los Muertos Celebration (20,000.00)
10/09/24 Demo Unlimited, Inc., (40,398.82)
10/09/24 ST-139 Ave 52 Pavement Rehab (3,000,000.00)
10/09/24 Business Management Program - University of California Riverside (287,220.00) 10/23/24 Holistic System Integration Solutions - ERP Project Manager (97,500.00) 10/23/24 Wireless Conference System (44,671.20)
10/23/24 Zoom One cloud-based VOIP (60,664.39)
12/11/24 Arte del Barrio Events (9,500.00)
09/11/24 Run With Los Muertos Event (45,000.00)
12/11/24 Palm Springs International Film (20,000.00)
11/13/24 Safety Lighting of New Units (70,000.00)
11/13/24 Conceptual Design Services (29,700.00)
11/13/24 Full Time Executive Assistant - City Manager (138,983.00) 01/22/25 Sponsorship Grant to Culturas Music & Arts (9,500.00) 01/22/25 Sponsorship - Danza Azteca Citlaltonac (5,000.00) Total Approved FY 2024-25 (4,776,053.01)
Ending Balance as of January 22, 2025 Page 13 5,019,977.91 Item 4.

Page 14 ends

Item 4.

City Hall Council Chamber
1515 Sixth Street, Coachella, California
(760) 398-3502  www.coachella.org

MINUTES

CITY COUNCIL CLOSED SESSION AND

REGULAR MEETING

OF THE CITY OF COACHELLA

THE COUNCIL SITTING AS THE COACHELLA SANITARY DISTRICT,

COACHELLA FIRE PROTECTION DISTRICT, COACHELLA FINANCING AUTHORITY,

COACHELLA EDUCATIONAL AND GOVERNMENTAL ACCESS CABLE CHANNEL CORPORATION,

COACHELLA WATER AUTHORITY, SUCCESSOR AGENCY TO THE COACHELLA REDEVELOPMENT AGENCY

AND COACHELLA PARKS AND RECREATION FOUNDATION
January 22, 2025
5:00 PM – CLOSED SESSION
6:00 PM – REGULAR MEETING
In-Person Meeting
Location:

Written comments may be submitted to the City Council electronically via email to [email protected]. Transmittal prior to the start of the meeting is required. All written comments received will be forwarded to the City Council and entered into the record. o If you wish, you may leave a message at (760) 262-6240 before 5:30 p.m. on the day of the meeting.  The live stream of the meeting may be viewed online by accessing the city's website at www.coachella.org, and clicking on the "Watch Council Meetings" tab located on the home page, and then clicking on the "live" button.

Page 15 ends

Item 5.

Minutes City Council Closed Session and Regular Meeting January 22, 2025

Page 2 ends

CALL TO ORDER: - 5:00 P.M.

Mayor Hernandez called the City Council Closed Session and Regular Meeting of the City of Coachella to order at 5:00 p.m.

ROLL CALL:

Present: Councilmember Perez, Councilmember Dr. Figueroa, Councilman Virgen, Mayor Pro Tem Delgado, and Mayor Hernandez
City Clerk
City Treasurer
APPROVAL OF AGENDA:
“At this time the Council/ Board/Corporation/Authority may announce any items being pulled from the Agenda or continued to another date or request the moving of an item on the agenda” Motion: To approve the agenda
Made by: Councilmember Dr. Figueroa
Seconded by: Councilmember Perez
Approved: 5-0, Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, Mayor Pro Tem Delgado, and Mayor Hernandez
NOES: None
ABSTAIN: None
ABSENT: None
PUBLIC COMMENTS (CLOSED SESSION ITEMS):

THE PUBLIC MAY ADDRESS THE CITY COUNCIL/BOARD/CORPORATION/ AUTHORITY ON ANY CLOSED SESSION ITEMS. PLEASE LIMIT YOUR COMMENTS TO THREE (3) MINUTES.

Written Communication:

Executive Staff of the City of Coachella
City of Coachella Employees in support of Maritza Martinez Petition from City of Coachella Staff of not appointing Mr. Pattison Rebecca Flores

Page 16 ends

Item 5.

Minutes City Council Closed Session and Regular Meeting January 22, 2025

Page 3 ends

ADJOURN TO CLOSED SESSION:

1. PUBLIC EMPLOYEE PERFORMANCE EVALUATION
Title: City Manager and Acting City Manager

2. PUBLIC EMPLOYEE APPOINTMENT
Title: Acting City Manager

3. CONFERENCE WITH LABOR NEGOTIATORS
Agency designated representatives: City Attorney
Unrepresented Employee: Acting City Manager

4. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant Exposure to Litigation Pursuant to Government Code Section 54956.9(d)(2)/(e)(1) One (2) Potential Case
RECONVENE REGULAR MEETING: - 6:00 P.M.

The City Council reconvened into open session at 6:04 p.m.

PLEDGE OF ALLEGIANCE:

The Acting City Manager led the Pledge of Allegiance.

CLOSED SESSION ANNOUNCEMENTS:

No reportable action taken.

PROCLAMATIONS/PRESENTATIONS/DIRECTION:

None
WRITTEN COMMUNICATIONS:

None
CONSENT CALENDAR:
(It is recommended that Consent Items be acted upon simultaneously unless separate discussion and/or action is requested by a Council Member or member of the audience.)

5. Regular Meeting Minutes of December 11, 2024, of the City of Coachella, Coachella Sanitary District, Coachella Fire Protection District, Coachella Financing Authority, Coachella Educational and Governmental Access Cable Corporation, Coachella Water Authority, Successor Agency to the Coachella Redevelopment Agency and Coachella Parks and Recreation

6. Special Meeting Minutes of January 7, 2025, of the City of Coachella, Coachella Sanitary District, Coachella Fire Protection District, Coachella Financing Authority, Coachella Educational and

Page 17 ends

Item 5.

Minutes City Council Closed Session and Regular Meeting January 22, 2025

Page 4 ends

Governmental Access Cable Corporation, Coachella Water Authority, Successor Agency to the Coachella Redevelopment Agency and Coachella Parks and Recreation

7. Special Meeting Minutes of January 14, 2025, of the City of Coachella, Coachella Sanitary District, Coachella Fire Protection District, Coachella Financing Authority, Coachella Educational and Governmental Access Cable Corporation, Coachella Water Authority, Successor Agency to the Coachella Redevelopment Agency and Coachella Parks and Recreation

8. Voucher Listing- EFT's/Utility Billing Refunds/FY 2024-25 Expenditures as of January 22, 2025, $5,169,160.93

9. Approve execution of a maintenance agreement with Yunex LLC for the Traffic Signal Maintenance Project No. 102424, in the amount not to exceed $300,000 for a three-year term.

10. Amendment #2 to the Professional Services Agreement with Angenious Engineering Services, Inc. in an amount of $49,500 to provide Professional Engineering Services in preparation of a funding grant application for the SR86/Avenue 50 Interchange Project (ST-81).

11. Amendment #3 to the CVAG-City of Coachella Reimbursement Agreement for Project Study Reports (Phase 1) for the Dillon Road Interstate 10 Interchange and the Dillon Road SR 86 Interchange and Preliminary Engineering & Environmental Document for the Dillon Road Bridge at Whitewater Channel, ST-109.

12. Ordinance No. 1220 (Second Reading) Zoning Ordinance Amendment No. 24-02 – Streamline Code Amendments - Phase 2 to amend Coachella Municipal Code Title 17 regarding zoning district permitted uses, development standards and development review process in the City. City-Initiated.

13. Ordinance No. 1218 (Second Reading) Coachella Healthy Food Truck Permit Pilot Program (ZOA No. 24- 03) City Parks and parcels in downtown zones (DT-PV and TR-PV Zones)

14. Adopt Ordinance No. 1219 Coachella Healthy Food Truck Permit Pilot Program (ZOA No. 24-03) for active date farms (Second Reading)

15. Amendment No. 4 to the Professional Services Agreement with KOA Corporation, Inc. for an amount of $34,945 to provide grant writing services for the improvements of Avenue 50 from Calhoun Street to Cesar Chavez Street – City Project ST-93.

16. Award Construction Agreement to Superb Engineering for the Westerfield Retention Basin Landscape Improvements, City Project No. 111924, for $245,530.14.

17. Sponsorship with Palm Springs Life and Palm Springs Art Museum in the Amount of $5,000

18. Authorize a Sponsorship Grant to Culturas Music & Arts for their Arte del Barrio Events in the Amount of $9,500

19. Authorize a Sponsorship Grant to Danza Azteca Citlaltonac in the Amount of $5,000 to Support Events that Cultivate Resilience and Cultural Understandings

Page 18 ends

Item 5.

Minutes City Council Closed Session and Regular Meeting January 22, 2025

Page 5 ends

20. Authorize the City Manager to execute Professional Services Agreements with Interwest for On-Call Professional Planning Consultant Services, in the amount not to exceed $50,000 Motion: To approve items #5 - #11 & #14 - #20
Made by: Councilmember Dr. Figueroa
Seconded by: Councilmember Perez
Approved: 5-0, Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, Mayor Pro Tem Delgado, and Mayor Hernandez
NOES: None
ABSTAIN: None
ABSENT: None
Motion: To have a study session for item #12 before the February 12th, 2025 City Council Meeting Made by: Councilmember Perez
Seconded by: Councilmember Dr. Figueroa
Approved: 5-0, Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, Mayor Pro Tem Delgado, and Mayor Hernandez
NOES: None
ABSTAIN: None
ABSENT: None
Motion: To approve item #13
Made by: Councilmember Dr. Figueroa
Seconded by: Councilmember Perez
Approved: 4-1-0:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, and Mayor Pro Tem Delgado
NOES: None
ABSTAIN: Mayor Hernandez
ABSENT: None
NEW BUSINESS CALENDAR (LEGISLATIVE AND ADMINISTRATIVE):

Item #26 moved up before item #21

Page 19 ends

Item 5.

Minutes City Council Closed Session and Regular Meeting January 22, 2025

Page 6 ends

26. Approve the CalPERS Retiree Limited-Term Appointment Agreement and Resolution No. 2025-02 Finding the Position of City Manager to be Available Due to a Leave of Absence Pursuant to Government Code Section 21221(g) Appointing William Pattison as Acting City Manager Motion: To approve the CalPERS Retiree Limited-Term Appointment Agreement and Resolution No. 2025-02 Finding the Position of City Manager to be Available Due to a Leave of Absence Pursuant to Government Code Section 21221(g) Appointing William Pattison as Acting City Manager
Made by: Councilmember Dr. Figueroa
Seconded by: Mayor Pro Tem Delgado
Approved: 4-1:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Mayor Pro Tem Delgado, and Mayor Hernandez
NOES: Councilmember Virgen
ABSTAIN: None
ABSENT: None
Mayor Hernandez excused himself form the remainder of the meeting at 6:20 p.m.

21. Resolution 2025-01, A Resolution of the City of Coachella, California, Adopting the 2024 City of Coachella Local Road Safety Plan
Motion: To approve Resolution 2025-01, A Resolution of the City of Coachella, California, Adopting the 2024 City of Coachella Local Road Safety Plan
Made by: Councilmember Perez
Seconded by: Councilmember Dr. Figueroa
Approved: 4-0: Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, and Mayor Pro Tem Delgado
NOES: None
ABSTAIN: None
ABSENT: Mayor Hernandez

22. Authorize the City Manager to Execute a Professional Services Agreement with NewGen Strategies & Solutions in the amount of $192,120 to conduct a Comprehensive Water and Wastewater Rate Study Motion: To approve the City Manager to Execute a Professional Services Agreement with NewGen Strategies & Solutions in the amount of $192,120 to conduct a Comprehensive Water and Wastewater Rate Study
Made by: Councilmember Dr. Figueroa
Seconded by: Councilmember Perez

Page 20 ends

Item 5.

Minutes City Council Closed Session and Regular Meeting January 22, 2025

Page 7 ends

Approved: 4-0: Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, and Mayor Pro Tem Delgado
NOES: None
ABSTAIN: None
ABSENT: Mayor Hernandez

23. Authorize the City Manager to Execute a Professional Services Agreement with Keyser Marston Associates, Inc. (KMA) for a Hotel Site Feasibility Study in the Amount of $79,500 Motion: To do a study session on item #23
Made by: Councilmember Perez
Seconded by: Mayor Pro Tem Delgado
Approved: 4-0: Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, and Mayor Pro Tem Delgado
NOES: None
ABSTAIN: None
ABSENT: Mayor Hernandez

24. Provide Direction and Approve Appointments to the City’s Coachella Planning Commission, Parks and Recreation Commission and Culture and Arts Commission
Motion: To continue item #24 to next meeting
Made by: Councilmember Perez
Seconded by: Councilmember Dr. Figueroa
Approved: 4-0: Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, and Mayor Pro Tem Delgado
NOES: None
ABSTAIN: None
ABSENT: Mayor Hernandez

25. Mayor's Appointments to Various Council Subcommittees, Coachella Valley Association of Government (CVAG) Committees, Other Agencies, etc.

Motion: To continue item #25 to next meeting
Made by: Councilmember Dr. Figueroa
Seconded by: Councilmember Perez

Page 21 ends

Item 5.

Minutes City Council Closed Session and Regular Meeting January 22, 2025

Page 8 ends

Approved: 4-0: Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, Councilmember Virgen, and Mayor Pro Tem Delgado
NOES: None
ABSTAIN: None
ABSENT: Mayor Hernandez
Item #26 moved up before item #21
PUBLIC HEARING CALENDAR (QUASI-JUDICIAL):

NONE
PUBLIC COMMENTS (NON-AGENDA ITEMS):

CV Health Students
Simon Moore
Jasmine Zendejas
Rosalio Avila
REPORTS AND REQUESTS:

Council Comments/Report of Miscellaneous Committees.

City Manager’s Comments.

ADJOURNMENT:

There being no further business to come before the City Council and the Agencies, Mayor Pro Tem Delgado adjourned the meeting at 7:25 p.m.

_____________________
Angela Zepeda
City Clerk

Page 22 ends

Item 5.

City Hall Council Chamber
1515 Sixth Street, Coachella, California
(760) 398-3502  www.coachella.org

MINUTES

CITY COUNCIL SPECIAL MEETING

OF THE CITY OF COACHELLA

THE COUNCIL SITTING AS THE COACHELLA SANITARY DISTRICT,

COACHELLA FIRE PROTECTION DISTRICT, COACHELLA FINANCING AUTHORITY,

COACHELLA EDUCATIONAL AND GOVERNMENTAL ACCESS CABLE CHANNEL CORPORATION,

COACHELLA WATER AUTHORITY, SUCCESSOR AGENCY TO THE COACHELLA REDEVELOPMENT AGENCY

AND COACHELLA PARKS AND RECREATION FOUNDATION
January 27, 2025
6:00 PM – SPECIAL MEETING
In-Person Meeting
Location:

Written comments may be submitted to the City Council electronically via email to [email protected]. Transmittal prior to the start of the meeting is required. All written comments received will be forwarded to the City Council and entered into the record. o If you wish, you may leave a message at (760) 262-6240 before 5:30 p.m. on the day of the meeting.  The live stream of the meeting may be viewed online by accessing the city's website at www.coachella.org, and clicking on the "Watch Council Meetings" tab located on the home page, and then clicking on the "live" button.

Page 23 ends

Item 6.

Minutes City Council Special Meeting January 27, 2025

Page 2 ends

CALL TO ORDER: - 6:00 P.M.

Mayor Pro Tem Delgado called the Special Meeting of the City Council of the City of Coachella to order at 6:00 p.m.

ROLL CALL:

Present: Councilmember Perez, Councilmember Dr. Figueroa, Mayor Pro Tem Delgado, and Mayor Hernandez (arrived at 6:14 p.m. during public comments).

City Treasurer

Absent: Councilmember Virgen, and City Clerk
APPROVAL OF AGENDA:
“At this time the Council/ Board/Corporation/Authority may announce any items being pulled from the Agenda or continued to another date or request the moving of an item on the agenda” Motion: To approve the agenda
Made by: Councilmember Dr. Figueroa
Seconded by: Councilmember Perez
Approved: 3-0, Unanimous roll call vote:

AYES: Councilmember Perez, Councilmember Dr. Figueroa, and Mayor Pro Tem Delgado NOES: None
ABSTAIN: None
ABSENT: Councilmember Virgen and Mayor Hernandez
PLEDGE OF ALLEGIANCE:

Councilmember Dr. Figueroa led the Pledge of Allegiance.

PUBLIC COMMENTS (CLOSED SESSION ITEMS):

1. Andrew Campos

2. Art Guaracha

3. Javier Ochiqui

4. Carlos Martinez

5. Raquel Parker

6. Miguel Estrada

7. Berenice Mausolf

8. Carlos Malinalli

9. Juan Garcia

Page 24 ends

Item 6.

Minutes City Council Special Meeting January 27, 2025

Page 3 ends

10. Dr. Monica Delgadillo

11. Jesus Fernandez

12. Dolly Medlock

13. Maria Ruiz

14. Deborah McMahon
ADJOURN TO CLOSED SESSION:

1. PUBLIC EMPLOYEE PERFORMANCE EVALUATION
Title: City Manager

2. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant Exposure to Litigation Pursuant to Government Code Section 54956.9(d)(2)/(e)(1) One (1) Potential Case
CLOSED SESSION ANNOUNCEMENTS:

No reportable action taken.

ADJOURNMENT:

Mayor Hernandez adjourned the meeting at 6:39 p.m.
____________________________________
Delia Granados
Deputy City Clerk

Page 25 ends

Item 6.

STAFF REPORT
2/12/2025
TO: Honorable Mayor and City Council Members
FROM: Ruben Ramirez, Controller
SUBJECT: Investment Report – August 31, 2024, September 30, 2024 and October 31, 2024
STAFF RECOMMENDATION:

Staff recommends that the City Council receive and file the investment report for August, September and October of 2024.

EXECUTIVE SUMMARY:

On June 12, 2024, the City of Coachella along with its component units (Sanitary District, Educational & Governmental Access Cable Corporation, Fire Protection District and Water Authority) approved and adopted the current “Statement of Investment Policy”.

Pursuant to Section 16 of that policy, the City Treasurer shall provide to the City Council a monthly investment report which provides a clear picture of the status of the current investment portfolio.

This report shall include, at a minimum, the following information for each type of investment held in the City’s investment portfolio: the issuer; amount of investment; current market value; yield on investment; income generated from investments; dollar amount invested on all securities, investments and moneys held by the local agency; and shall additionally include a description of any of the local agency’s funds, investments, or programs; and a description of unusual investment activity or developments during the month for which the report is prepared. This information shall be provided for all City and component unit pooled investments, as well as for bond accounts, which are managed by outside Fiscal Agents.

The interest rates presented are the most current rates available as of the date of these reports. The market values presented for pooled City investments are based on closing prices for the related investments as of the date of these reports. This information was obtained from the Wall Street Journal or other reliable sources of market prices.

The Market values presented for investments managed by fiscal agents are based on amounts reported by the fiscal agent on their investment statements. The purchase date and type of investment are not included for funds held by fiscal agents.

Page 26 ends

Item 7.

Attached is the Treasurer’s Report of Investments which includes an overview on investments which provides information on investment activity, withdrawals and deposits, interest earned, payment of interest and payment of principal as of the months ended August 31, 2024, September 30, 2024 and October 31, 2024. In addition, this report includes detailed information and current activity on individual investments.

All City investments are in compliance with the guidelines established for Authorized Investments as specified in the Investment Policy, Section 8.

There was no unusual investment activity to report.

The City and Districts have sufficient moneys to meet their expenditure requirements for the next six months.

FISCAL IMPACT:

None, this report is receive and file only.

Page 27 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 7/31/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 8/31/2024

CASH ON HAND
Wells Fargo-General Checking N/A 6,718,509.08 (1,174,975.60) - - - 5,543,533.48 Sweep Account 4.966% 5,136,069.45 (787,748.19) 4,348,321.26 Wells Fargo-Road Maintenance N/A 1,140,220.24 102,580.79 - - 1,242,801.03 Wells Fargo-Gas Tax N/A 724,078.63 115,576.49 - - - 839,655.12 - Wells Fargo- Payroll Acct N/A (64,578.23) (15,207.79) (79,786.02) Petty Cash N/A 7,000.00 - - - - 7,000.00
Total Cash on Hand 13,661,299.17 (1,759,774.30) - - - 11,901,524.87

INVESTMENTS
State of California - LAIF 2.17% 19,125,371.51 - - - 19,125,371.51 Investment Management Acct 1.47% 35,266,768.11 364,458.53 - - 35,631,226.64 Total Investments 54,392,139.62 - 364,458.53 - - 54,756,598.15

CASH WITH FISCAL AGENT
US Bank varies 4,183,546.00 2,465,171.12 146.21 - - 6,648,863.33 ① Wells Fargo Bank, N.A. 5.83% 663.96 - 2.75 - - 666.71 ② Wilmington Trust, N. A. 0.03% 4,412,455.07 (648,711.87) 4,928.04 (197,100.00) (635,000.00) 2,936,571.24 ③ Total Cash with Fiscal Agent 8,596,665.03 1,816,459.25 5,077.00 (197,100.00) (635,000.00) 9,586,101.28 Grand Total 76,650,103.82 56,684.95 369,535.53 (197,100.00) (635,000.00) 76,244,224.30 Completed By:

Reviewed By: Ruben Ramirez- Controller

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of August 31, 2024
Fiscal Year 2024-2025

DESCRIPTION
Lourdes Marrón-Accountant

Page 1 of 14 ends

Page 28 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 7/31/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 8/31/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of August 31, 2024
Fiscal Year 2024-2025

DESCRIPTION

CASH WITH FISCAL AGENT

US BANK

COACHELLA FINANCING AUTHORITY
Successor Agency to the Coachella Redevelopments Agency 2014 Series A/C #: 6712104701 Debt Service Fund 0.00% 288.48 (288.48) 1.27 - - 1.27 A/C #: 6712104702 Interest Account 0.00% - 132,306.25 - - - 132,306.25 A/C #: 6712104703 Principal Account 0.00% (0.00) 560,000.00 - - - 560,000.00 A/C #: 6712104704 Reserve Account 0.00% 827,612.50 - - - - 827,612.50

COACHELLA SANITARY DISTRICT
WASTEWATER SERIES 2015A
A/C #: 6712148601 Bond Fund 0.00% 1,410.78 - 6.22 - - 1,417.00 A/C #: 6712148602 Interest Account 0.00% - - - - - -
A/C #: 6712148603 Principal Account 0.00% - - - - - -
A/C #: 6712148604 Reserve Account 0.00% 310,175.00 - - - - 310,175.00 COACHELLA SANITARY DISTRICT: PROJECT FUND 2011
A/C #: 6711963500 Project Fund 2011 0.0100% 27,643.34 121.85 - - 27,765.19

Page 2 of 14 ends

Page 29 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 7/31/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 8/31/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of August 31, 2024
Fiscal Year 2024-2025

DESCRIPTION

COACHELLA SUCCESSOR AGENCY
MERGED PROJECT AREAS BONDS 98 & 99: BONDS 2013
A/C #: 6712071401 Interest Account 0.00% 79.40 (79.40) 0.35 - - 0.35 A/C #: 6712071402 Interest Account 0.00% (0.00) 36,231.25 - - - 36,231.25 A/C #: 6712071403 Principal Account 0.00% 0.00 330,000.00 - - - 330,000.00 A/C #: 6712071404 Reserve Account 0.00% 406,487.50 - - - - 406,487.50 SA TO COACHELLA RDA REFUNDING BONDS SERIES 2016A & 2016B A/C #: 6712160601 Debt Service 0.00% 1,379.75 (1,379.75) 6.08 - - 6.08 A/C #: 6712160602 Interest Account 0.00% 0.00 333,381.25 - - - 333,381.25 A/C #: 6712160603 Principal Account 0.00% 0.00 1,075,000.00 - - - 1,075,000.00 A/C #: 6712160604 Reserve Account 0.00% 1,993,663.46 - - - - 1,993,663.46 COACHELLA LEASE BONDS 2016
A/C #: 6712179801 Payment Account 0.0000% 2,474.53 - 10.44 - - 2,484.97 A/C #: 6712179802 Interest Account 0.0000% (0.00) - - - - (0.00) A/C #: 6712179803 Principal Account 0.0000% - - - - - - A/C #: 6712179804 Reserve Account 0.0000% 612,331.26 - - - - 612,331.26 TOTAL US BANK OF CALIFORNIA 4,183,546.00 2,465,171.12 146.21 - - 6,648,863.33 ① WELLS FARGO BANK, N.A.

GAS TAX BONDS SERIES 2019
A/C #: 83925300 Debt Service Fund 0.0000% 0.66 - - - - 0.66 A/C #: 83925301 Interest Account 0.0000% 192.45 - 0.80 - - 193.25 A/C #: 83925302 Principal Account 0.0000% 470.85 - 1.95 - 472.80 TOTAL WELLS FARGO BANK, N.A. 663.96 - 2.75 - - 666.71 ②

Page 3 of 14 ends

Page 30 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 7/31/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 8/31/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of August 31, 2024
Fiscal Year 2024-2025

DESCRIPTION
WILMINGTON TRUST, N. A.

CITY OF COACHELLA TAXABLE PENSION OBLIGATION BONDS
A/C #: 144613-000 Revenue Account 0.03% 2,386.89 - 10.56 - - 2,397.45 A/C #: 144613-001 Interest Account 0.03% 0.01 - - - - 0.01 A/C #: 144613-002 Principal Account 0.00% 585.12 - 2.64 - 587.76 CITY OF COACHELLA 2022A BOND FUND
A/C #: 154278-000 Bond Fund 1.76% 5,727.57 4,933.12 43.90 - - 10,704.59 A/C #: 154278-001 Interest Account 0.00% 92,425.14 (25.14) (92,400.00) - - A/C #: 154278-002 Principal Account 0.00% 145,039.45 (39.45) - (145,000.00) - A/C #: 154278-004 Project FD Account 1.76% 1,162,986.90 (4,868.53) 4,861.04 - - 1,162,979.41 CITY OF COACHELLA 2022B BOND FUND
A/C #: 155657-000 Bond Fund 1.76% 2,266.60 161.80 9.90 - - 2,438.30 A/C #: 155657-001 Interest Account 0.00% 104,728.48 (28.48) - (104,700.00) - - A/C #: 155657-002 Principal Account 0.00% 490,133.32 (133.32) - - (490,000.00) - A/C #: 155657-004 COI Account 0.00% - - - - - -
CITY OF COACHELLA BOFA 2023 ESCROW
A/C #: 166682-000 Bond Fund 2,406,175.59 (648,711.87) 1,757,463.72 TOTAL WILMINGTGON TRUST BANK, N.A. 4,412,455.07 (648,711.87) 4,928.04 (197,100.00) (635,000.00) 2,936,571.24 ③ TOTAL CASH WITH FISCAL AGENT 8,596,665.03 1,816,459.25 5,077.00 (197,100.00) (635,000.00) 9,586,101.28

Page 4 of 14 ends

Page 31 ends

Item 7.

US TREASURY N/B
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 405,000.00 AA+ Aaa 08/02/21 08/06/21 400,475.39 0.53 2.80 403,891.68 388,847.39

US TREASURY N/B
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 1,500,000.00 AA+ Aaa 07/06/22 07/07/22 1,381,816.41 2.88 10.36 1,462,624.82 1,440,175.50

US TREASURY N/B
DTD 09/30/2020 0.250% 09/30/2025
91282CAM3 460,000.00 AA+ Aaa 09/07/21 09/09/21 452,273.44 0.67 483.88 457,945.84 440,414.12

US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
91282CAT8 350,000.00 AA+ Aaa 03/01/22 03/01/22 333,361.33 1.59 294.84 344,722.81 334,181.75

US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
91282CAT8 410,000.00 AA+ Aaa 10/04/21 10/06/21 401,319.53 0.78 345.38 407,517.36 391,470.05

US TREASURY N/B
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 210,000.00 AA+ Aaa 11/02/21 11/03/21 204,659.77 1.01 200.10 208,367.07 200,254.74

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 190,000.00 AA+ Aaa 04/05/21 04/07/21 185,494.92 0.89 121.98 188,733.68 180,730.09

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 350,000.00 AA+ Aaa 01/11/21 01/12/21 347,867.19 0.50 224.69 349,428.59 332,923.85

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 160,000.00 AA+ Aaa 05/03/22 05/04/22 145,500.00 2.95 52.17 154,520.10 151,793.76

US TREASURY N/B
DTD 01/31/2019 2.625% 01/31/2026
9128286A3 255,000.00 AA+ Aaa 02/04/21 02/08/21 282,063.87 0.47 582.07 262,696.38 249,710.79

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 270,000.00 AA+ Aaa 02/26/21 02/26/21 264,410.16 0.80 88.04 268,394.47 256,151.97

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 475,000.00 AA+ Aaa 07/02/21 07/07/21 465,871.09 0.80 154.89 472,172.17 450,637.73

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 1,320,000.00 AA+ Aaa 02/17/22 02/18/22 1,246,626.56 1.84 430.43 1,293,711.66 1,252,298.52

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 310,000.00 AA+ Aaa 03/05/21 03/09/21 305,676.95 0.79 4.28 308,703.32 293,942.93

Page 5 of 14 ends

Page 32 ends

Item 7.

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 630,000.00 AA+ Aaa 12/03/21 12/07/21 613,019.53 1.15 8.70 624,006.25 597,367.89

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 290,000.00 AA+ Aaa 06/02/21 06/04/21 289,365.62 0.79 552.66 289,778.21 274,197.32

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 325,000.00 AA+ Aaa 06/06/22 06/08/22 297,857.42 2.99 619.36 313,100.60 307,290.10

US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 300,000.00 AA+ Aaa 04/05/22 04/07/22 276,222.66 2.77 1,104.51 288,975.56 282,070.20

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 295,000.00 AA+ Aaa 07/05/22 07/07/22 287,371.48 2.85 306.62 290,936.59 283,960.51

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 925,000.00 AA+ Aaa 09/14/22 09/15/22 871,451.17 3.68 961.45 895,239.59 890,384.65

US TREASURY N/B
DTD 04/30/2020 0.500% 04/30/2027
912828ZN3 1,110,000.00 AA+ Aaa 08/03/22 08/05/22 992,062.50 2.92 1,870.11 1,043,766.74 1,017,471.51

US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 1,050,000.00 AA+ Aaa 09/01/22 09/06/22 995,490.23 3.40 1,091.37 1,017,427.09 1,004,923.50

US TREASURY N/B
DTD 09/30/2022 4.125% 09/30/2027
91282CFM8 500,000.00 AA+ Aaa 11/01/22 11/03/22 496,738.28 4.27 8,678.28 497,954.14 505,019.50

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 340,000.00 AA+ Aaa 12/06/22 12/08/22 344,728.13 3.81 4,725.82 343,054.25 343,267.06

US TREASURY N/B
DTD 11/02/2020 0.500% 10/31/2027
91282CAU5 1,210,000.00 AA+ Aaa 01/04/23 01/06/23 1,030,437.89 3.91 2,038.59 1,092,095.37 1,092,355.33

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
91282CBJ9 950,000.00 AA+ Aaa 02/07/23 02/08/23 818,818.36 3.82 619.57 860,020.07 858,636.60

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2028
91282CGT2 490,000.00 AA+ Aaa 05/01/23 05/02/23 489,502.34 3.65 7,473.84 489,637.64 487,798.92

US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
91282CBS9 575,000.00 AA+ Aaa 05/08/23 05/09/23 517,095.70 3.51 3,024.25 532,672.86 526,709.20

Page 6 of 14 ends

Page 33 ends

Item 7.

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 420,000.00 AA+ Aaa 05/01/23 05/01/23 418,047.66 3.60 4,953.26 418,570.49 416,210.34

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 460,000.00 AA+ Aaa 05/15/23 05/16/23 460,844.53 3.46 5,425.00 460,623.49 455,849.42

US TREASURY N/B
DTD 05/31/2023 3.625% 05/31/2028
91282CHE4 530,000.00 AA+ Aaa 06/01/23 06/02/23 527,888.28 3.71 4,881.86 528,417.08 527,350.00

US TREASURY N/B
DTD 06/30/2023 4.000% 06/30/2028
91282CHK0 55,000.00 AA+ Aaa 07/06/23 07/10/23 54,093.36 4.37 376.63 54,302.43 55,468.38

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 510,000.00 AA+ Aaa 06/05/24 06/06/24 514,442.58 4.30 5,831.56 514,250.89 526,834.08

US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
91282CKX8 505,000.00 AA+ Aaa 07/02/24 07/03/24 502,139.65 4.38 3,674.29 502,225.29 516,204.94

US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
91282CLC3 170,000.00 AA+ Aaa 08/01/24 08/02/24 171,182.03 3.85 591.30 171,164.78 172,005.49 Security Type Sub-Total 18,305,000.00 17,386,216.01 2.74 61,804.94 17,811,649.36 17,504,908.13 Municipal Bond / Note

MISSISSIPPI ST-A-TXBL
DTD 08/06/2020 0.565% 11/01/2024
605581MZ7 200,000.00 AA Aa2 07/24/20 08/06/20 200,000.00 0.57 376.67 200,000.00 198,567.80

OR ST DEPT TRANSPRTN
DTD 09/17/2020 0.566% 11/15/2024
68607DVA0 135,000.00 AAA Aa1 09/11/20 09/17/20 135,000.00 0.57 224.99 135,000.00 133,827.53

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 40,000.00 AA Aa3 09/03/20 09/16/20 40,282.80 1.11 83.87 40,049.18 38,864.60

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 110,000.00 AA Aa3 09/03/20 09/16/20 110,000.00 1.26 230.63 110,000.00 106,877.65

NJ TPK AUTH -B-TXBL
DTD 02/04/2021 1.047% 01/01/2026
646140DP5 40,000.00 AA- A1 01/22/21 02/04/21 40,000.00 1.05 69.80 40,000.00 38,200.48 Security Type Sub-Total 525,000.00 525,282.80 0.79 985.96 525,049.18 516,338.06

Page 7 of 14 ends

Page 34 ends

Item 7.

Managed Account Detail of Securities Held For the Month Ending August 31, 2024 CITY OF COACHELLA - OPERATING PORTFOLIO - 995343 - (14201484) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 105,629.98 AA+ Aaa 03/19/20 03/25/20 110,861.95 1.91 269.53 105,978.77 104,799.20 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 235,901.50 AA+ Aaa 05/19/23 05/24/23 228,640.14 4.29 657.97 231,271.74 231,059.15 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 360,000.00 AA+ Aaa 08/16/23 08/18/23 339,581.25 4.94 967.20 345,453.41 351,563.76 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 205,000.00 AA+ Aaa 08/16/23 08/18/23 193,284.57 4.93 554.01 196,577.60 200,067.70 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 320,000.00 AA+ Aaa 08/17/23 08/22/23 299,250.00 4.97 831.20 304,786.33 311,133.44 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 315,081.92 AA+ Aaa 09/20/23 09/28/23 310,137.35 5.19 1,260.33 310,975.58 319,358.53 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 168,454.75 AA+ Aaa 09/07/23 09/14/23 165,935.52 5.01 652.76 166,403.66 170,461.55 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 272,955.37 AA+ Aaa 07/19/23 07/27/23 272,948.53 4.78 1,086.59 272,950.05 275,768.72 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 325,000.00 AA+ Aaa 07/13/23 07/20/23 328,246.10 4.59 1,305.15 327,512.76 331,094.40 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 345,000.00 AA+ Aaa 07/18/23 07/31/23 339,151.17 4.58 1,204.63 340,422.65 343,635.53 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 187,156.77 AA+ Aaa 09/19/23 09/28/23 187,155.83 5.27 822.24 187,156.10 191,657.71 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 340,000.00 AA+ Aaa 09/07/23 09/14/23 334,970.38 4.99 1,317.50 335,852.77 344,498.88 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 345,000.00 AA+ Aaa 10/11/23 10/19/23 337,432.08 5.25 1,362.75 338,643.41 350,597.63 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 260,000.00 AA+ Aaa 10/25/23 10/31/23 251,710.42 5.60 1,050.83 252,855.04 265,872.62

Page 8 of 14 ends

Page 35 ends

Item 7.

Managed Account Detail of Securities Held For the Month Ending August 31, 2024 CITY OF COACHELLA - OPERATING PORTFOLIO - 995343 - (14201484) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 335,000.00 AA+ Aaa 09/20/23 09/28/23 330,995.75 5.07 1,340.00 331,611.32 341,352.94 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 135,000.00 AA+ Aaa 11/14/23 11/21/23 134,609.72 5.14 570.26 134,664.90 138,966.84 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 190,000.00 AA+ Aaa 11/28/23 12/07/23 189,454.13 4.93 769.50 189,527.79 193,973.47 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 175,000.00 AA+ Aaa 12/11/23 12/21/23 176,634.15 4.79 729.17 176,427.49 179,662.18 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
3137HBFY5 195,000.00 AA+ Aaa 01/10/24 01/18/24 196,947.86 4.50 767.65 196,727.55 198,272.88 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 195,000.00 AA+ Aaa 02/01/24 02/08/24 196,949.81 4.34 742.95 196,746.29 197,098.01 FHMS K518 A2
DTD 03/01/2024 5.400% 01/01/2029
3137HC2L5 245,000.00 AA+ Aaa 03/19/24 03/28/24 250,915.53 4.83 1,102.50 250,534.53 255,482.82 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
3137HC2C5 305,000.00 AA+ Aaa 03/05/24 03/14/24 314,145.73 4.67 1,361.06 313,364.20 317,565.39 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
3137HBPD0 340,000.00 AA+ Aaa 02/14/24 02/22/24 349,159.60 4.79 1,530.00 348,286.49 354,162.70 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
3137HBPM0 340,000.00 AA+ Aaa 02/29/24 03/07/24 350,198.98 4.79 1,551.82 349,296.70 355,360.86 FHMS K520 A2
DTD 04/01/2024 5.180% 03/01/2029
3137HCKV3 195,000.00 AA+ Aaa 04/23/24 04/30/24 195,791.51 5.09 841.75 195,755.16 202,243.86 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 290,000.00 AA+ Aaa 07/16/24 07/25/24 291,780.89 4.58 1,140.67 291,776.07 295,482.74 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 340,000.00 AA+ Aaa 06/05/24 06/13/24 339,998.98 4.80 1,360.85 340,000.00 347,339.58 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 315,000.00 AA+ Aaa 08/07/24 08/15/24 317,946.51 4.33 1,192.54 317,923.14 319,553.33

Page 9 of 14 ends

Page 36 ends

Item 7.

FREDDIE MAC (CALLABLE)
DTD 05/29/2020 0.750% 05/28/2025
3134GVB31 200,000.00 AA+ Aaa 06/05/20 06/09/20 199,400.00 0.81 387.50 199,910.45 194,374.60

FREDDIE MAC
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 185,000.00 AA+ Aaa 07/21/20 07/23/20 184,078.70 0.48 77.08 184,836.03 178,473.20

FANNIE MAE
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 195,000.00 AA+ Aaa 08/25/20 08/27/20 194,087.40 0.47 12.19 194,820.32 187,564.85

FANNIE MAE
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 420,000.00 AA+ Aaa 10/21/20 10/22/20 417,727.80 0.49 26.25 419,538.52 403,985.82

FREDDIE MAC (CALLABLE)
DTD 08/30/2022 4.050% 08/28/2025
3134GXS54 1,000,000.00 AA+ Aaa 08/19/22 08/30/22 999,600.00 4.06 337.50 999,867.53 993,666.00

FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 285,000.00 AA+ Aaa 09/23/20 09/25/20 284,142.15 0.44 469.06 284,817.74 273,481.15

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 185,000.00 AA+ Aaa 11/09/20 11/12/20 184,337.70 0.57 292.92 184,842.82 177,037.23 Security Type Sub-Total 2,470,000.00 2,463,373.75 1.99 1,602.50 2,468,633.41 2,408,582.85 Corporate Note

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 02/14/2020 1.750% 02/14/2025
66989HAP3 295,000.00 AA- Aa3 05/06/20 05/08/20 305,504.95 0.98 243.78 295,828.68 290,849.94 AMAZON.COM INC
DTD 04/13/2022 3.000% 04/13/2025
023135CE4 80,000.00 AA A1 04/11/22 04/13/22 79,872.80 3.06 920.00 79,973.85 79,166.88

GOLDMAN SACHS GROUP INC (CALLABLE)
DTD 05/22/2015 3.750% 05/22/2025
38148LAE6 135,000.00 BBB+ A2 02/12/21 02/17/21 150,819.30 0.94 1,392.19 136,872.04 133,703.33

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 11/13/2020 0.750% 11/13/2025
110122DN5 72,000.00 A A2 06/17/21 06/21/21 71,282.88 0.98 162.00 71,804.17 68,860.73

BANK OF AMERICA CORP (CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
06051GKM0 220,000.00 A- A1 03/17/22 03/22/22 220,000.00 3.38 3,081.32 220,000.00 217,593.20

Page 10 of 14 ends

Page 37 ends

Item 7.

BANK OF AMERICA NA (CALLABLE)
DTD 08/18/2023 5.526% 08/18/2026
06428CAA2 175,000.00 A+ Aa1 10/23/23 10/24/23 173,526.50 5.85 349.21 173,972.62 178,970.05

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 25,000.00 A A2 01/19/22 01/24/22 24,957.50 1.99 62.29 24,979.73 23,862.25

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 125,000.00 A A2 01/27/22 01/31/22 124,923.75 1.96 311.46 124,963.50 119,311.25

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 200,000.00 A A1 01/26/22 01/28/22 200,644.00 1.98 398.61 200,303.77 190,378.20

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 300,000.00 A A1 08/02/22 08/04/22 280,158.00 3.66 597.92 289,352.77 285,567.30

ADOBE INC (CALLABLE)
DTD 02/03/2020 2.150% 02/01/2027
00724PAC3 360,000.00 A+ A1 12/13/22 12/15/22 332,316.00 4.20 645.00 343,792.01 343,423.08

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2021 1.578% 04/22/2027
46647PCB0 260,000.00 A- A1 08/02/22 08/04/22 235,172.60 3.81 1,470.17 246,094.90 247,379.34

HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
437076BT8 350,000.00 A A2 01/25/23 01/27/23 330,256.50 4.15 4,546.11 337,054.80 336,718.20

JPMORGAN CHASE & CO (CALLABLE)
DTD 02/24/2022 2.947% 02/24/2028
46647PCW4 125,000.00 A- A1 09/14/23 09/18/23 114,296.25 5.13 71.63 116,596.62 120,367.50

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 50,000.00 A- A1 08/08/24 08/09/24 51,033.50 4.95 998.14 51,011.74 51,244.40

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 110,000.00 A- A1 06/03/24 06/04/24 110,733.70 5.38 2,195.90 110,676.39 112,737.68

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 115,000.00 A A1 07/11/23 07/14/23 114,828.65 4.98 743.19 114,867.39 117,968.50

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 135,000.00 A A1 07/13/23 07/17/23 136,833.30 4.64 872.44 136,421.14 138,484.76

TOYOTA MOTOR CREDIT CORP
DTD 09/11/2023 5.250% 09/11/2028
89236TLB9 110,000.00 A+ A1 09/06/23 09/11/23 109,808.60 5.29 2,727.08 109,842.26 113,624.83

Page 11 of 14 ends

Page 38 ends

Item 7.

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 115,000.00 A+ Aa3 05/01/24 05/03/24 117,224.10 5.30 2,817.68 117,072.92 120,683.42

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 400,000.00 A+ Aa3 09/26/23 09/29/23 400,000.00 5.80 9,800.62 400,000.00 419,768.40

STATE STREET CORP (CALLABLE)
DTD 08/20/2024 4.530% 02/20/2029
857477CN1 165,000.00 A A1 08/14/24 08/20/24 165,000.00 4.53 228.39 165,000.00 165,259.38

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 30,000.00 AA- Aa3 03/05/24 03/14/24 29,945.70 4.74 654.08 29,950.33 30,654.96

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 350,000.00 AA- Aa3 04/09/24 04/11/24 348,376.00 4.81 7,630.97 348,491.38 357,641.20

MASTERCARD INC (CALLABLE)
DTD 05/31/2019 2.950% 06/01/2029
57636QAM6 300,000.00 A+ Aa3 06/26/24 06/27/24 275,595.00 4.82 2,212.50 276,383.54 285,041.40

PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
713448FX1 165,000.00 A+ A1 07/15/24 07/17/24 164,744.25 4.53 907.50 164,750.58 168,296.20

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 25,000.00 A+ A1 08/06/24 08/09/24 24,949.25 4.60 69.51 24,949.82 25,210.18

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 55,000.00 A+ A1 08/07/24 08/09/24 54,936.75 4.58 152.93 54,937.67 55,462.39

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 60,000.00 A+ A1 08/08/24 08/09/24 59,753.40 4.64 166.83 59,756.26 60,504.42

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 60,000.00 A+ A1 08/12/24 08/14/24 59,868.60 4.25 119.00 59,869.94 60,133.44

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 200,000.00 A+ A1 08/13/24 08/14/24 200,292.00 4.17 396.67 200,289.94 200,444.80 Security Type Sub-Total 5,167,000.00 5,067,653.83 4.08 46,945.12 5,085,860.76 5,119,311.61 Certificate of Deposit

COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
21684LGS5 325,000.00 A+ Aa2 07/17/23 07/20/23 325,000.00 5.08 2,017.89 325,000.00 332,745.73

Page 12 of 14 ends

Page 39 ends

Item 7.

MORGAN STANLEY BANK NA (CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 325,000.00 A+ Aa3 05/30/24 05/31/24 325,685.75 5.45 4,521.69 325,588.09 333,130.53 Security Type Sub-Total 325,000.00 325,685.75 5.45 4,521.69 325,588.09 333,130.53 Asset-Backed Security
CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
14316NAC3 519.63 NR NR 01/20/21 01/27/21 519.52 0.34 0.08 519.60 518.50 TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
89239BAC5 15,754.68 AAA Aaa 09/21/21 09/27/21 15,753.43 0.43 3.01 15,754.28 15,577.85 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 6,410.13 AAA NR 04/13/21 04/21/21 6,408.75 0.52 1.48 6,409.71 6,370.94 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 9,909.37 AAA NR 11/09/21 11/17/21 9,907.15 0.75 3.26 9,908.53 9,790.37 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 55,000.00 AAA Aaa 09/20/21 09/27/21 54,988.22 0.58 14.18 54,995.16 54,886.87 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 215,000.00 AAA NR 08/15/23 08/22/23 214,955.67 5.42 420.03 214,965.79 216,998.43 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
89231FAD2 65,000.00 AAA NR 08/08/23 08/15/23 64,985.30 5.17 149.07 64,988.59 65,518.18 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 65,000.00 AAA NR 11/07/23 11/14/23 64,992.99 5.54 160.04 64,994.24 66,317.49 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 235,000.00 AAA Aaa 08/15/23 08/23/23 234,985.43 5.53 577.58 234,988.42 237,506.28 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 270,000.00 AAA NR 09/07/23 09/15/23 269,925.16 5.17 619.20 269,938.11 274,510.89

Page 13 of 14 ends

Page 40 ends

Item 7.

Page 14 of 14 ends

Page 41 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 8/31/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 9/30/2024

CASH ON HAND
Wells Fargo-General Checking N/A 5,543,533.48 1,407,151.99 - - - 6,950,685.47 Sweep Account 4.966% 4,348,321.26 (2,763,935.10) 1,584,386.16 Wells Fargo-Road Maintenance N/A 1,242,801.03 97,502.59 - - 1,340,303.62 Wells Fargo-Gas Tax N/A 839,655.12 112,385.08 - - - 952,040.20 - Wells Fargo- Payroll Acct N/A (79,786.02) (136,808.77) (216,594.79) Petty Cash N/A 7,000.00 - - - - 7,000.00
Total Cash on Hand 11,901,524.87 (1,283,704.21) - - - 10,617,820.66

INVESTMENTS
State of California - LAIF 2.17% 19,125,371.51 - - - 19,125,371.51 Investment Management Acct 1.47% 35,631,226.64 335,369.33 - - 35,966,595.97 Total Investments 54,756,598.15 - 335,369.33 - - 55,091,967.48

CASH WITH FISCAL AGENT
US Bank varies 6,648,863.33 49,795.51 6,099.29 (501,918.75) (1,965,000.00) 4,237,839.38 ① Wells Fargo Bank, N.A. 5.83% 666.71 - 2.75 - - 669.46 ② Wilmington Trust, N. A. 0.03% 2,936,571.24 (157,954.41) 4,627.93 - - 2,783,244.76 ③ Total Cash with Fiscal Agent 9,586,101.28 (108,158.90) 10,729.97 (501,918.75) (1,965,000.00) 7,021,753.60 Grand Total 76,244,224.30 (1,391,863.11) 346,099.30 (501,918.75) (1,965,000.00) 72,731,541.74 Completed By:

Reviewed By: Ruben Ramirez- Controller

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of September 30, 2024
Fiscal Year 2024-2025

DESCRIPTION
Lourdes Marrón-Accountant

Page 1 of 12 ends

Page 42 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 8/31/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 9/30/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of September 30, 2024
Fiscal Year 2024-2025

DESCRIPTION

CASH WITH FISCAL AGENT

US BANK

COACHELLA FINANCING AUTHORITY
Successor Agency to the Coachella Redevelopments Agency 2014 Series A/C #: 6712104701 Debt Service Fund 0.00% 1.27 589.73 1,082.52 - - 1,673.52 A/C #: 6712104702 Interest Account 0.00% 132,306.25 (112.70) 112.70 (132,306.25) - - A/C #: 6712104703 Principal Account 0.00% 560,000.00 (477.03) 477.03 (560,000.00) - A/C #: 6712104704 Reserve Account 0.00% 827,612.50 - - - - 827,612.50

COACHELLA SANITARY DISTRICT
WASTEWATER SERIES 2015A
A/C #: 6712148601 Bond Fund 0.00% 1,417.00 (1,417.00) 6.24 - - 6.24 A/C #: 6712148602 Interest Account 0.00% - 51,212.51 - - - 51,212.51 A/C #: 6712148603 Principal Account 0.00% - - - - - -
A/C #: 6712148604 Reserve Account 0.00% 310,175.00 - - - - 310,175.00 COACHELLA SANITARY DISTRICT: PROJECT FUND 2011
A/C #: 6711963500 Project Fund 2011 0.0100% 27,765.19 122.35 - - 27,887.54

Page 2 of 12 ends

Page 43 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 8/31/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 9/30/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of September 30, 2024
Fiscal Year 2024-2025

DESCRIPTION

COACHELLA SUCCESSOR AGENCY
MERGED PROJECT AREAS BONDS 98 & 99: BONDS 2013
A/C #: 6712071401 Interest Account 0.00% 0.35 311.97 572.51 - - 884.83 A/C #: 6712071402 Interest Account 0.00% 36,231.25 (30.86) 30.86 (36,231.25) - - A/C #: 6712071403 Principal Account 0.00% 330,000.00 (281.11) 281.11 - (330,000.00) - A/C #: 6712071404 Reserve Account 0.00% 406,487.50 - - - - 406,487.50 SA TO COACHELLA RDA REFUNDING BONDS SERIES 2016A & 2016B A/C #: 6712160601 Debt Service 0.00% 6.08 1,199.72 2,203.79 - - 3,409.59 A/C #: 6712160602 Interest Account 0.00% 333,381.25 (283.99) 283.99 (333,381.25) - - A/C #: 6712160603 Principal Account 0.00% 1,075,000.00 (915.73) 915.73 - (1,075,000.00) - A/C #: 6712160604 Reserve Account 0.00% 1,993,663.46 - - - - 1,993,663.46 COACHELLA LEASE BONDS 2016
A/C #: 6712179801 Payment Account 0.0000% 2,484.97 - 10.46 - - 2,495.43 A/C #: 6712179802 Interest Account 0.0000% (0.00) - - - - (0.00) A/C #: 6712179803 Principal Account 0.0000% - - - - - - A/C #: 6712179804 Reserve Account 0.0000% 612,331.26 - - - - 612,331.26 TOTAL US BANK OF CALIFORNIA 6,648,863.33 49,795.51 6,099.29 (501,918.75) (1,965,000.00) 4,237,839.38 ① WELLS FARGO BANK, N.A.

GAS TAX BONDS SERIES 2019
A/C #: 83925300 Debt Service Fund 0.0000% 0.66 - - - - 0.66 A/C #: 83925301 Interest Account 0.0000% 193.25 - 0.80 - - 194.05 A/C #: 83925302 Principal Account 0.0000% 472.80 - 1.95 - 474.75 TOTAL WELLS FARGO BANK, N.A. 666.71 - 2.75 - - 669.46 ②

Page 3 of 12 ends

Page 44 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 8/31/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 9/30/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of September 30, 2024
Fiscal Year 2024-2025

DESCRIPTION
WILMINGTON TRUST, N. A.

CITY OF COACHELLA TAXABLE PENSION OBLIGATION BONDS
A/C #: 144613-000 Revenue Account 0.03% 2,397.45 - 8.73 - - 2,406.18 A/C #: 144613-001 Interest Account 0.03% 0.01 - - - - 0.01 A/C #: 144613-002 Principal Account 0.00% 587.76 - 2.13 - 589.89 CITY OF COACHELLA 2022A BOND FUND
A/C #: 154278-000 Bond Fund 1.76% 10,704.59 4,861.04 59.07 - - 15,624.70 A/C #: 154278-001 Interest Account 0.00% - - - - -
A/C #: 154278-002 Principal Account 0.00% - - - - - -
A/C #: 154278-004 Project FD Account 1.76% 1,162,979.41 (4,861.04) 4,547.81 - - 1,162,666.18 CITY OF COACHELLA 2022B BOND FUND
A/C #: 155657-000 Bond Fund 1.76% 2,438.30 - 10.19 - - 2,448.49 A/C #: 155657-001 Interest Account 0.00% - - - - - -
A/C #: 155657-002 Principal Account 0.00% - - - - - -
A/C #: 155657-004 COI Account 0.00% - - - - - -
CITY OF COACHELLA BOFA 2023 ESCROW
A/C #: 166682-000 Bond Fund 1,757,463.72 (157,954.41) 1,599,509.31 TOTAL WILMINGTGON TRUST BANK, N.A. 2,936,571.24 (157,954.41) 4,627.93 - - 2,783,244.76 ③ TOTAL CASH WITH FISCAL AGENT 9,586,101.28 (108,158.90) 10,729.97 (501,918.75) (1,965,000.00) 7,021,753.60

Page 4 of 12 ends

Page 45 ends

Item 7.

US TREASURY N/B
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 405,000.00 AA+ Aaa 08/02/21 08/06/21 400,475.39 0.53 86.71 403,983.03 391,334.49

US TREASURY N/B
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 1,500,000.00 AA+ Aaa 07/06/22 07/07/22 1,381,816.41 2.88 321.13 1,465,705.20 1,449,387.00

US TREASURY N/B
DTD 09/30/2020 0.250% 09/30/2025
91282CAM3 460,000.00 AA+ Aaa 09/07/21 09/09/21 452,273.44 0.67 3.16 458,102.25 443,382.50

US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
91282CAT8 350,000.00 AA+ Aaa 03/01/22 03/01/22 333,361.33 1.59 366.17 345,095.32 336,464.80

US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
91282CAT8 410,000.00 AA+ Aaa 10/04/21 10/06/21 401,319.53 0.78 428.94 407,692.61 394,144.48

US TREASURY N/B
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 210,000.00 AA+ Aaa 11/02/21 11/03/21 204,659.77 1.01 264.65 208,474.73 201,673.92

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 190,000.00 AA+ Aaa 04/05/21 04/07/21 185,494.92 0.89 180.06 188,811.85 182,028.93

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 350,000.00 AA+ Aaa 01/11/21 01/12/21 347,867.19 0.50 331.69 349,463.86 335,316.45

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 160,000.00 AA+ Aaa 05/03/22 05/04/22 145,500.00 2.95 101.09 154,838.08 152,918.72

US TREASURY N/B
DTD 01/31/2019 2.625% 01/31/2026
9128286A3 255,000.00 AA+ Aaa 02/04/21 02/08/21 282,063.87 0.47 1,127.75 262,249.78 251,135.22

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 270,000.00 AA+ Aaa 02/26/21 02/26/21 264,410.16 0.80 170.58 268,487.64 258,050.34

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 475,000.00 AA+ Aaa 07/02/21 07/07/21 465,871.09 0.80 300.10 472,336.26 453,977.45

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 1,320,000.00 AA+ Aaa 02/17/22 02/18/22 1,246,626.56 1.84 833.97 1,295,237.10 1,261,579.44

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 310,000.00 AA+ Aaa 03/05/21 03/09/21 305,676.95 0.79 132.73 308,774.70 296,086.27

Page 5 of 12 ends

Page 46 ends

Item 7.

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 630,000.00 AA+ Aaa 12/03/21 12/07/21 613,019.53 1.15 269.75 624,336.18 601,723.71

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 290,000.00 AA+ Aaa 06/02/21 06/04/21 289,365.62 0.79 730.94 289,788.66 276,202.38

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 325,000.00 AA+ Aaa 06/06/22 06/08/22 297,857.42 2.99 819.16 313,661.01 309,537.15

US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 300,000.00 AA+ Aaa 04/05/22 04/07/22 276,222.66 2.77 7.21 289,411.31 284,121.00

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 295,000.00 AA+ Aaa 07/05/22 07/07/22 287,371.48 2.85 847.72 291,072.49 285,838.77

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 925,000.00 AA+ Aaa 09/14/22 09/15/22 871,451.17 3.68 2,658.12 896,234.92 896,274.12

US TREASURY N/B
DTD 04/30/2020 0.500% 04/30/2027
912828ZN3 1,110,000.00 AA+ Aaa 08/03/22 08/05/22 992,062.50 2.92 2,322.55 1,045,813.08 1,025,969.67

US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 1,050,000.00 AA+ Aaa 09/01/22 09/06/22 995,490.23 3.40 3,017.32 1,018,333.57 1,011,814.65

US TREASURY N/B
DTD 09/30/2022 4.125% 09/30/2027
91282CFM8 500,000.00 AA+ Aaa 11/01/22 11/03/22 496,738.28 4.27 56.66 498,008.75 507,851.50

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 340,000.00 AA+ Aaa 12/06/22 12/08/22 344,728.13 3.81 5,869.16 342,974.91 345,272.72

US TREASURY N/B
DTD 11/02/2020 0.500% 10/31/2027
91282CAU5 1,210,000.00 AA+ Aaa 01/04/23 01/06/23 1,030,437.89 3.91 2,531.79 1,095,157.83 1,101,714.68

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
91282CBJ9 950,000.00 AA+ Aaa 02/07/23 02/08/23 818,818.36 3.82 1,200.41 862,184.79 865,872.75

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2028
91282CGT2 490,000.00 AA+ Aaa 05/01/23 05/02/23 489,502.34 3.65 48.80 489,645.95 490,765.87

US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
91282CBS9 575,000.00 AA+ Aaa 05/08/23 05/09/23 517,095.70 3.51 19.75 533,644.41 531,133.83

Page 6 of 12 ends

Page 47 ends

Item 7.

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 420,000.00 AA+ Aaa 05/01/23 05/01/23 418,047.66 3.60 6,151.63 418,602.57 418,769.40

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 460,000.00 AA+ Aaa 05/15/23 05/16/23 460,844.53 3.46 6,737.50 460,609.50 458,652.20

US TREASURY N/B
DTD 05/31/2023 3.625% 05/31/2028
91282CHE4 530,000.00 AA+ Aaa 06/01/23 06/02/23 527,888.28 3.71 6,456.66 528,451.79 530,600.49

US TREASURY N/B
DTD 06/30/2023 4.000% 06/30/2028
91282CHK0 55,000.00 AA+ Aaa 07/06/23 07/10/23 54,093.36 4.37 555.98 54,317.40 55,799.21

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 510,000.00 AA+ Aaa 06/05/24 06/06/24 514,442.58 4.30 7,712.70 514,184.64 530,061.36

US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
91282CKX8 505,000.00 AA+ Aaa 07/02/24 07/03/24 502,139.65 4.38 5,423.95 502,267.56 519,459.67

US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
91282CLC3 170,000.00 AA+ Aaa 08/01/24 08/02/24 171,182.03 3.85 1,145.65 171,147.10 173,121.03

US TREASURY N/B
DTD 09/03/2024 3.625% 08/31/2029
91282CLK5 850,000.00 AA+ Aaa 09/04/24 09/05/24 851,759.77 3.58 2,638.64 851,739.95 852,058.70 Security Type Sub-Total 19,155,000.00 18,237,975.78 2.77 61,870.78 18,680,840.78 18,480,094.87 Municipal Bond / Note

MISSISSIPPI ST-A-TXBL
DTD 08/06/2020 0.565% 11/01/2024
605581MZ7 200,000.00 AA Aa2 07/24/20 08/06/20 200,000.00 0.57 470.83 200,000.00 199,308.20

OR ST DEPT TRANSPRTN
DTD 09/17/2020 0.566% 11/15/2024
68607DVA0 135,000.00 AAA Aa1 09/11/20 09/17/20 135,000.00 0.57 288.66 135,000.00 134,284.23

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 40,000.00 AA Aa3 09/03/20 09/16/20 40,282.80 1.11 125.80 40,044.26 39,044.84

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 110,000.00 AA Aa3 09/03/20 09/16/20 110,000.00 1.26 345.95 110,000.00 107,373.31

NJ TPK AUTH -B-TXBL
DTD 02/04/2021 1.047% 01/01/2026
646140DP5 40,000.00 AA- A1 01/22/21 02/04/21 40,000.00 1.05 104.70 40,000.00 38,538.20

Page 7 of 12 ends

Page 48 ends

Item 7.

Managed Account Detail of Securities Held For the Month Ending September 30, 2024 CITY OF COACHELLA - OPERATING PORTFOLIO - 995343 - (14201484) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Municipal Bond / Note
Security Type Sub-Total 525,000.00 525,282.80 0.79 1,335.94 525,044.26 518,548.78 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 98,136.22 AA+ Aaa 03/19/20 03/25/20 102,997.02 1.91 250.41 98,374.99 97,575.07 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 235,444.25 AA+ Aaa 05/19/23 05/24/23 228,196.97 4.29 656.69 230,995.88 231,873.74 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 360,000.00 AA+ Aaa 08/16/23 08/18/23 339,581.25 4.94 967.20 345,925.70 353,969.64 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 205,000.00 AA+ Aaa 08/16/23 08/18/23 193,284.57 4.93 554.01 196,842.46 201,237.23 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 320,000.00 AA+ Aaa 08/17/23 08/22/23 299,250.00 4.97 831.20 305,236.44 313,006.40 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 313,990.60 AA+ Aaa 09/20/23 09/28/23 309,063.15 5.19 1,255.96 309,983.11 320,268.21 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 168,321.11 AA+ Aaa 09/07/23 09/14/23 165,803.88 5.01 652.24 166,313.15 171,543.28 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 272,780.37 AA+ Aaa 07/19/23 07/27/23 272,773.54 4.78 1,085.89 272,775.18 277,059.75 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 325,000.00 AA+ Aaa 07/13/23 07/20/23 328,246.10 4.59 1,305.15 327,457.89 333,373.63 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 329,667.33 AA+ Aaa 07/18/23 07/31/23 324,078.43 4.58 1,151.09 325,386.87 330,867.32 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 186,802.05 AA+ Aaa 09/19/23 09/28/23 186,801.11 5.27 820.68 186,801.40 192,331.21 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 340,000.00 AA+ Aaa 09/07/23 09/14/23 334,970.38 4.99 1,317.50 335,931.02 347,059.42

Page 8 of 12 ends

Page 49 ends

Item 7.

Managed Account Detail of Securities Held For the Month Ending September 30, 2024 CITY OF COACHELLA - OPERATING PORTFOLIO - 995343 - (14201484) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 345,000.00 AA+ Aaa 10/11/23 10/19/23 337,432.08 5.25 1,362.75 338,762.70 353,671.57 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 260,000.00 AA+ Aaa 10/25/23 10/31/23 251,710.42 5.60 1,050.83 252,985.15 267,339.02 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 335,000.00 AA+ Aaa 09/20/23 09/28/23 330,995.75 5.07 1,340.00 331,673.70 343,618.21 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 135,000.00 AA+ Aaa 11/14/23 11/21/23 134,609.72 5.14 570.26 134,670.93 139,861.08 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 190,000.00 AA+ Aaa 11/28/23 12/07/23 189,454.13 4.93 769.50 189,536.32 195,467.25 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 175,000.00 AA+ Aaa 12/11/23 12/21/23 176,634.15 4.79 729.17 176,402.19 180,960.68 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
3137HBFY5 195,000.00 AA+ Aaa 01/10/24 01/18/24 196,947.86 4.50 767.65 196,697.40 199,828.01 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 195,000.00 AA+ Aaa 02/01/24 02/08/24 196,949.81 4.34 742.95 196,715.71 198,666.39 FHMS K518 A2
DTD 03/01/2024 5.400% 01/01/2029
3137HC2L5 245,000.00 AA+ Aaa 03/19/24 03/28/24 250,915.53 4.83 1,102.50 250,440.64 257,649.84 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
3137HC2C5 305,000.00 AA+ Aaa 03/05/24 03/14/24 314,145.73 4.67 1,361.06 313,221.79 319,786.40 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
3137HBPD0 340,000.00 AA+ Aaa 02/14/24 02/22/24 349,159.60 4.79 1,530.00 348,145.78 357,154.70 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
3137HBPM0 340,000.00 AA+ Aaa 02/29/24 03/07/24 350,198.98 4.79 1,551.82 349,138.83 357,813.28 FHMS K520 A2
DTD 04/01/2024 5.180% 03/01/2029
3137HCKV3 195,000.00 AA+ Aaa 04/23/24 04/30/24 195,791.51 5.09 841.75 195,742.94 203,519.75 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 290,000.00 AA+ Aaa 07/16/24 07/25/24 291,780.89 4.58 1,140.67 291,748.12 297,800.13

Page 9 of 12 ends

Page 50 ends

Item 7.

FREDDIE MAC (CALLABLE)
DTD 05/29/2020 0.750% 05/28/2025
3134GVB31 200,000.00 AA+ Aaa 06/05/20 06/09/20 199,400.00 0.81 512.50 199,920.51 195,492.00

FREDDIE MAC (CALLABLE)
DTD 08/30/2022 4.050% 08/28/2025
3134GXS54 1,000,000.00 AA+ Aaa 08/19/22 08/30/22 999,600.00 4.06 3,712.50 999,878.66 998,098.00

FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 285,000.00 AA+ Aaa 09/23/20 09/25/20 284,142.15 0.44 23.75 284,832.06 275,142.42

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 185,000.00 AA+ Aaa 11/09/20 11/12/20 184,337.70 0.57 370.00 184,853.89 178,024.21 Security Type Sub-Total 1,670,000.00 1,667,479.85 2.69 4,618.75 1,669,485.12 1,646,756.63 Corporate Note

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 02/14/2020 1.750% 02/14/2025
66989HAP3 295,000.00 AA- Aa3 05/06/20 05/08/20 305,504.95 0.98 673.99 295,641.76 291,970.06 AMAZON.COM INC
DTD 04/13/2022 3.000% 04/13/2025
023135CE4 80,000.00 AA A1 04/11/22 04/13/22 79,872.80 3.06 1,120.00 79,977.39 79,353.60

GOLDMAN SACHS GROUP INC (CALLABLE)
DTD 05/22/2015 3.750% 05/22/2025
38148LAE6 135,000.00 BBB+ A2 02/12/21 02/17/21 150,819.30 0.94 1,814.06 136,543.61 134,153.55

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 11/13/2020 0.750% 11/13/2025
110122DN5 72,000.00 A A2 06/17/21 06/21/21 71,282.88 0.98 207.00 71,817.77 69,337.73

BANK OF AMERICA CORP (CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
06051GKM0 220,000.00 A- A1 03/17/22 03/22/22 220,000.00 3.38 3,701.72 220,000.00 218,236.26

Page 10 of 12 ends

Page 51 ends

Item 7.

BANK OF AMERICA NA (CALLABLE)
DTD 08/18/2023 5.526% 08/18/2026
06428CAA2 175,000.00 A+ Aa1 10/23/23 10/24/23 173,526.50 5.85 1,155.09 174,016.21 179,669.35

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 25,000.00 A A2 01/19/22 01/24/22 24,957.50 1.99 102.92 24,980.45 24,010.45

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 125,000.00 A A2 01/27/22 01/31/22 124,923.75 1.96 514.58 124,964.78 120,052.25

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 200,000.00 A A1 01/26/22 01/28/22 200,644.00 1.98 740.28 200,292.83 191,458.60

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 300,000.00 A A1 08/02/22 08/04/22 280,158.00 3.66 1,110.42 289,722.04 287,187.90

ADOBE INC (CALLABLE)
DTD 02/03/2020 2.150% 02/01/2027
00724PAC3 360,000.00 A+ A1 12/13/22 12/15/22 332,316.00 4.20 1,290.00 344,350.90 346,034.52

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2021 1.578% 04/22/2027
46647PCB0 260,000.00 A- A1 08/02/22 08/04/22 235,172.60 3.81 1,812.07 246,533.55 249,030.34

HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
437076BT8 350,000.00 A A2 01/25/23 01/27/23 330,256.50 4.15 462.78 337,410.11 340,012.05

JPMORGAN CHASE & CO (CALLABLE)
DTD 02/24/2022 2.947% 02/24/2028
46647PCW4 125,000.00 A- A1 09/14/23 09/18/23 114,296.25 5.13 378.61 116,797.82 121,194.38

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 50,000.00 A- A1 08/08/24 08/09/24 51,033.50 4.95 1,230.26 50,981.90 51,538.35

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 110,000.00 A- A1 06/03/24 06/04/24 110,733.70 5.38 2,706.58 110,656.61 113,384.37

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 115,000.00 A A1 07/11/23 07/14/23 114,828.65 4.98 1,217.56 114,870.25 118,754.64

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 135,000.00 A A1 07/13/23 07/17/23 136,833.30 4.64 1,429.31 136,390.53 139,407.62

TOYOTA MOTOR CREDIT CORP
DTD 09/11/2023 5.250% 09/11/2028
89236TLB9 110,000.00 A+ A1 09/06/23 09/11/23 109,808.60 5.29 320.83 109,845.21 114,546.19 Account 995343 Page 12

Page 11 of 12 ends

Page 52 ends

Item 7.

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 115,000.00 A+ Aa3 05/01/24 05/03/24 117,224.10 5.30 37.07 117,034.31 121,662.18

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 400,000.00 A+ Aa3 09/26/23 09/29/23 400,000.00 5.80 128.96 400,000.00 423,172.80

STATE STREET CORP (CALLABLE)
DTD 08/20/2024 4.530% 02/20/2029
857477CN1 165,000.00 A A1 08/14/24 08/20/24 165,000.00 4.53 851.26 165,000.00 166,594.40

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 30,000.00 AA- Aa3 03/05/24 03/14/24 29,945.70 4.74 66.58 29,951.15 30,839.55

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 350,000.00 AA- Aa3 04/09/24 04/11/24 348,376.00 4.81 776.81 348,516.30 359,794.75

MASTERCARD INC (CALLABLE)
DTD 05/31/2019 2.950% 06/01/2029
57636QAM6 300,000.00 A+ Aa3 06/26/24 06/27/24 275,595.00 4.82 2,950.00 276,752.83 287,284.50

PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
713448FX1 165,000.00 A+ A1 07/15/24 07/17/24 164,744.25 4.53 1,526.25 164,754.41 169,732.70

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 25,000.00 A+ A1 08/06/24 08/09/24 24,949.25 4.60 164.31 24,950.58 25,402.33

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 55,000.00 A+ A1 08/07/24 08/09/24 54,936.75 4.58 361.47 54,938.62 55,885.12

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 60,000.00 A+ A1 08/08/24 08/09/24 59,753.40 4.64 394.33 59,759.96 60,965.58

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 60,000.00 A+ A1 08/12/24 08/14/24 59,868.60 4.25 329.00 59,871.92 60,540.84

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 200,000.00 A+ A1 08/13/24 08/14/24 200,292.00 4.17 1,096.67 200,285.50 201,802.80 Security Type Sub-Total 5,167,000.00 5,067,653.83 4.08 30,670.77 5,087,609.30 5,153,009.76 Certificate of Deposit

COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
21684LGS5 325,000.00 A+ Aa2 07/17/23 07/20/23 325,000.00 5.08 3,393.72 325,000.00 333,648.90

Page 12 of 12 ends

Page 53 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 9/30/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 10/31/2024

CASH ON HAND
Wells Fargo-General Checking N/A 6,950,685.47 (449,822.44) - - - 6,500,863.03 Sweep Account 4.966% 1,584,386.16 (1,584,386.16) -
Wells Fargo-Road Maintenance N/A 1,340,303.62 253,541.94 - - 1,593,845.56 Wells Fargo-Gas Tax N/A 952,040.20 (309,764.72) - - - 642,275.48 - Wells Fargo- Payroll Acct N/A (216,594.79) 197,988.72 (18,606.07) Petty Cash N/A 7,000.00 - - - - 7,000.00
Total Cash on Hand 10,617,820.66 (1,892,442.66) - - - 8,725,378.00

INVESTMENTS
State of California - LAIF 2.17% 19,125,371.51 226,806.61 - - 19,352,178.12 Investment Management Acct 1.47% 35,966,595.97 (385,784.01) - - 35,580,811.96 Total Investments 55,091,967.48 - (158,977.40) - - 54,932,990.08

CASH WITH FISCAL AGENT
US Bank varies 4,237,839.38 - 988.81 (51,212.51) - 4,187,615.68 ① Wells Fargo Bank, N.A. 5.83% 669.46 - 2.59 - - 672.05 ② Wilmington Trust, N. A. 0.03% 2,783,244.76 - 4,555.91 - - 2,787,800.67 ③ Total Cash with Fiscal Agent 7,021,753.60 - 5,547.31 (51,212.51) - 6,976,088.40 Grand Total 72,731,541.74 (1,892,442.66) (153,430.09) (51,212.51) - 70,634,456.48 Completed By:

Reviewed By: Ruben Ramirez- Controller

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of October 31, 2024
Fiscal Year 2024-2025

DESCRIPTION
Lourdes Marrón-Accountant

Page 1 of 14 ends

Page 54 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 9/30/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 10/31/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of October 31, 2024
Fiscal Year 2024-2025

DESCRIPTION

CASH WITH FISCAL AGENT

US BANK

COACHELLA FINANCING AUTHORITY
Successor Agency to the Coachella Redevelopments Agency 2014 Series A/C #: 6712104701 Debt Service Fund 0.00% 1,673.52 196.48 6.35 - - 1,876.35 A/C #: 6712104702 Interest Account 0.00% - (37.55) 37.55 - - - A/C #: 6712104703 Principal Account 0.00% - (158.93) 158.93 - - - A/C #: 6712104704 Reserve Account 0.00% 827,612.50 - - - - 827,612.50

COACHELLA SANITARY DISTRICT
WASTEWATER SERIES 2015A
A/C #: 6712148601 Bond Fund 0.00% 6.24 47.46 93.67 - - 147.37 A/C #: 6712148602 Interest Account 0.00% 51,212.51 (47.46) 47.46 (51,212.51) - - A/C #: 6712148603 Principal Account 0.00% - - - - - -
A/C #: 6712148604 Reserve Account 0.00% 310,175.00 - - - - 310,175.00 COACHELLA SANITARY DISTRICT: PROJECT FUND 2011
A/C #: 6711963500 Project Fund 2011 0.0100% 27,887.54 115.10 - - 28,002.64

Page 2 of 14 ends

Page 55 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 9/30/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 10/31/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of October 31, 2024
Fiscal Year 2024-2025

DESCRIPTION

COACHELLA SUCCESSOR AGENCY
MERGED PROJECT AREAS BONDS 98 & 99: BONDS 2013
A/C #: 6712071401 Interest Account 0.00% 884.83 103.93 3.36 - - 992.12 A/C #: 6712071402 Interest Account 0.00% - (10.28) 10.28 - - - A/C #: 6712071403 Principal Account 0.00% - (93.65) 93.65 - - - A/C #: 6712071404 Reserve Account 0.00% 406,487.50 - - - - 406,487.50 SA TO COACHELLA RDA REFUNDING BONDS SERIES 2016A & 2016B A/C #: 6712160601 Debt Service 0.00% 3,409.59 399.70 12.94 - - 3,822.23 A/C #: 6712160602 Interest Account 0.00% - (94.61) 94.61 - - - A/C #: 6712160603 Principal Account 0.00% - (305.09) 305.09 - - - A/C #: 6712160604 Reserve Account 0.00% 1,993,663.46 - - - - 1,993,663.46 COACHELLA LEASE BONDS 2016
A/C #: 6712179801 Payment Account 0.0000% 2,495.43 - 9.82 - - 2,505.25 A/C #: 6712179802 Interest Account 0.0000% (0.00) - - - - (0.00) A/C #: 6712179803 Principal Account 0.0000% - - - - - - A/C #: 6712179804 Reserve Account 0.0000% 612,331.26 - - - - 612,331.26 TOTAL US BANK OF CALIFORNIA 4,237,839.38 - 988.81 (51,212.51) - 4,187,615.68 ① WELLS FARGO BANK, N.A.

GAS TAX BONDS SERIES 2019
A/C #: 83925300 Debt Service Fund 0.0000% 0.66 - - - - 0.66 A/C #: 83925301 Interest Account 0.0000% 194.05 - 0.75 - - 194.80 A/C #: 83925302 Principal Account 0.0000% 474.75 - 1.84 - 476.59 TOTAL WELLS FARGO BANK, N.A. 669.46 - 2.59 - - 672.05 ②

Page 3 of 14 ends

Page 56 ends

Item 7.

CURRENT BALANCE AS OF NET: DEPOSITS/ INTEREST EARNED / PAYMENT OF PAYMENT OF BALANCE AS OF YIELD 9/30/2024 (WITHDRAWALS) CHANGE IN VALUE (INTEREST) (PRINCIPAL) 10/31/2024

CITY OF COACHELLA

TREASURER'S REPORT - INVESTMENT REPORT
As of October 31, 2024
Fiscal Year 2024-2025

DESCRIPTION
WILMINGTON TRUST, N. A.

CITY OF COACHELLA TAXABLE PENSION OBLIGATION BONDS
A/C #: 144613-000 Revenue Account 0.03% 2,406.18 - 9.30 - - 2,415.48 A/C #: 144613-001 Interest Account 0.03% 0.01 - - - - 0.01 A/C #: 144613-002 Principal Account 0.00% 589.89 - 2.17 - 592.06 CITY OF COACHELLA 2022A BOND FUND
A/C #: 154278-000 Bond Fund 1.76% 15,624.70 4,547.81 77.07 - - 20,249.58 A/C #: 154278-001 Interest Account 0.00% - - - - -
A/C #: 154278-002 Principal Account 0.00% - - - - - -
A/C #: 154278-004 Project FD Account 1.76% 1,162,666.18 (4,547.81) 4,458.01 - - 1,162,576.38 CITY OF COACHELLA 2022B BOND FUND
A/C #: 155657-000 Bond Fund 1.76% 2,448.49 - 9.36 - - 2,457.85 A/C #: 155657-001 Interest Account 0.00% - - - - - -
A/C #: 155657-002 Principal Account 0.00% - - - - - -
A/C #: 155657-004 COI Account 0.00% - - - - - -
CITY OF COACHELLA BOFA 2023 ESCROW
A/C #: 166682-000 Bond Fund 1,599,509.31 - 1,599,509.31 TOTAL WILMINGTGON TRUST BANK, N.A. 2,783,244.76 - 4,555.91 - - 2,787,800.67 ③ TOTAL CASH WITH FISCAL AGENT 7,021,753.60 - 5,547.31 (51,212.51) - 6,976,088.40

Page 4 of 14 ends

Page 57 ends

Item 7.

US TREASURY N/B
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 505,000.00 AA+ Aaa 07/06/22 07/07/22 465,211.52 2.88 216.23 494,525.71 488,058.77

US TREASURY N/B
DTD 09/30/2020 0.250% 09/30/2025
91282CAM3 460,000.00 AA+ Aaa 09/07/21 09/09/21 452,273.44 0.67 101.10 458,263.87 443,253.24

US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
91282CAT8 350,000.00 AA+ Aaa 03/01/22 03/01/22 333,361.33 1.59 2.42 345,480.24 336,161.35

US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
91282CAT8 410,000.00 AA+ Aaa 10/04/21 10/06/21 401,319.53 0.78 2.83 407,873.69 393,789.01

US TREASURY N/B
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 210,000.00 AA+ Aaa 11/02/21 11/03/21 204,659.77 1.01 331.35 208,585.99 201,312.93

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 190,000.00 AA+ Aaa 04/05/21 04/07/21 185,494.92 0.89 240.08 188,892.62 181,643.04

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 350,000.00 AA+ Aaa 01/11/21 01/12/21 347,867.19 0.50 442.26 349,500.31 334,605.60

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 160,000.00 AA+ Aaa 05/03/22 05/04/22 145,500.00 2.95 151.63 155,166.67 152,512.48

US TREASURY N/B
DTD 01/31/2019 2.625% 01/31/2026
9128286A3 255,000.00 AA+ Aaa 02/04/21 02/08/21 282,063.87 0.47 1,691.63 261,788.30 249,979.82

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 270,000.00 AA+ Aaa 02/26/21 02/26/21 264,410.16 0.80 255.88 268,583.91 257,364.81

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 475,000.00 AA+ Aaa 07/02/21 07/07/21 465,871.09 0.80 450.15 472,505.82 452,771.43

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 1,320,000.00 AA+ Aaa 02/17/22 02/18/22 1,246,626.56 1.84 1,250.95 1,296,813.38 1,258,227.96

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 310,000.00 AA+ Aaa 03/05/21 03/09/21 305,676.95 0.79 265.47 308,848.46 295,032.89

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 630,000.00 AA+ Aaa 12/03/21 12/07/21 613,019.53 1.15 539.50 624,677.11 599,582.97 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 5 of 14 ends

Page 58 ends

Item 7.

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 290,000.00 AA+ Aaa 06/02/21 06/04/21 289,365.62 0.79 915.16 289,799.45 274,752.38

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 325,000.00 AA+ Aaa 06/06/22 06/08/22 297,857.42 2.99 1,025.61 314,240.11 307,912.15

US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 300,000.00 AA+ Aaa 04/05/22 04/07/22 276,222.66 2.77 230.77 289,861.59 282,000.00

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 295,000.00 AA+ Aaa 07/05/22 07/07/22 287,371.48 2.85 1,406.86 291,212.92 282,819.75

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 925,000.00 AA+ Aaa 09/14/22 09/15/22 871,451.17 3.68 4,411.35 897,263.43 886,807.68

US TREASURY N/B
DTD 04/30/2020 0.500% 04/30/2027
912828ZN3 1,110,000.00 AA+ Aaa 08/03/22 08/05/22 992,062.50 2.92 15.33 1,047,927.63 1,014,912.96

US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 1,050,000.00 AA+ Aaa 09/01/22 09/06/22 995,490.23 3.40 5,007.47 1,019,270.27 997,951.50

US TREASURY N/B
DTD 09/30/2022 4.125% 09/30/2027
91282CFM8 500,000.00 AA+ Aaa 11/01/22 11/03/22 496,738.28 4.27 1,813.19 498,065.17 499,941.50

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 340,000.00 AA+ Aaa 12/06/22 12/08/22 344,728.13 3.81 38.74 342,892.94 339,880.32

US TREASURY N/B
DTD 11/02/2020 0.500% 10/31/2027
91282CAU5 1,210,000.00 AA+ Aaa 01/04/23 01/06/23 1,030,437.89 3.91 16.71 1,098,322.37 1,086,731.25

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
91282CBJ9 950,000.00 AA+ Aaa 02/07/23 02/08/23 818,818.36 3.82 1,800.61 864,421.66 852,328.60

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2028
91282CGT2 490,000.00 AA+ Aaa 05/01/23 05/02/23 489,502.34 3.65 1,561.54 489,654.55 481,922.84

US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
91282CBS9 575,000.00 AA+ Aaa 05/08/23 05/09/23 517,095.70 3.51 631.87 534,648.35 522,216.73

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 420,000.00 AA+ Aaa 05/01/23 05/01/23 418,047.66 3.60 40.61 418,635.71 411,107.76 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 6 of 14 ends

Page 59 ends

Item 7.

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 460,000.00 AA+ Aaa 05/15/23 05/16/23 460,844.53 3.46 44.48 460,595.04 450,260.88

US TREASURY N/B
DTD 05/31/2023 3.625% 05/31/2028
91282CHE4 530,000.00 AA+ Aaa 06/01/23 06/02/23 527,888.28 3.71 8,083.95 528,487.66 520,683.66

US TREASURY N/B
DTD 06/30/2023 4.000% 06/30/2028
91282CHK0 55,000.00 AA+ Aaa 07/06/23 07/10/23 54,093.36 4.37 741.30 54,332.87 54,709.99

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 510,000.00 AA+ Aaa 06/05/24 06/06/24 514,442.58 4.30 9,656.56 514,116.17 517,231.80

US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
91282CKX8 505,000.00 AA+ Aaa 07/02/24 07/03/24 502,139.65 4.38 7,231.93 502,311.24 506,755.89

US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
91282CLC3 170,000.00 AA+ Aaa 08/01/24 08/02/24 171,182.03 3.85 1,718.48 171,128.82 168,824.62

US TREASURY N/B
DTD 09/03/2024 3.625% 08/31/2029
91282CLK5 850,000.00 AA+ Aaa 09/04/24 09/05/24 851,759.77 3.58 5,277.28 851,712.03 830,542.65

US TREASURY N/B
DTD 09/30/2024 3.500% 09/30/2029
91282CLN9 1,575,000.00 AA+ Aaa 10/01/24 10/02/24 1,573,031.25 3.53 4,846.15 1,573,062.41 1,529,350.20 Security Type Sub-Total 19,330,000.00 18,493,926.75 2.87 62,457.43 18,893,468.47 18,463,941.41 Municipal Bond / Note

MISSISSIPPI ST-A-TXBL
DTD 08/06/2020 0.565% 11/01/2024
605581MZ7 200,000.00 AA Aa2 07/24/20 08/06/20 200,000.00 0.57 565.00 200,000.00 200,000.00

OR ST DEPT TRANSPRTN
DTD 09/17/2020 0.566% 11/15/2024
68607DVA0 135,000.00 AAA Aa1 09/11/20 09/17/20 135,000.00 0.57 352.34 135,000.00 134,779.95

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 40,000.00 AA Aa3 09/03/20 09/16/20 40,282.80 1.11 167.73 40,039.35 39,030.92

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 110,000.00 AA Aa3 09/03/20 09/16/20 110,000.00 1.26 461.27 110,000.00 107,335.03

NJ TPK AUTH -B-TXBL
DTD 02/04/2021 1.047% 01/01/2026
646140DP5 40,000.00 AA- A1 01/22/21 02/04/21 40,000.00 1.05 139.60 40,000.00 38,449.68 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 7 of 14 ends

Page 60 ends

Item 7.

Managed Account Detail of Securities Held For the Month Ending October 31, 2024 CITY OF COACHELLA - OPERATING PORTFOLIO - 995343 - (14201484) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Municipal Bond / Note
Security Type Sub-Total 525,000.00 525,282.80 0.78 1,685.94 525,039.35 519,595.58 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 87,254.51 AA+ Aaa 03/19/20 03/25/20 91,576.33 1.91 222.64 87,390.99 86,872.78 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 234,957.29 AA+ Aaa 05/19/23 05/24/23 227,725.00 4.29 655.34 230,690.18 229,331.00 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 360,000.00 AA+ Aaa 08/16/23 08/18/23 339,581.25 4.94 967.20 346,398.00 349,851.60 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 205,000.00 AA+ Aaa 08/16/23 08/18/23 193,284.57 4.93 554.01 197,107.31 198,876.04 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 320,000.00 AA+ Aaa 08/17/23 08/22/23 299,250.00 4.97 831.20 305,686.55 309,288.00 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 312,724.14 AA+ Aaa 09/20/23 09/28/23 307,816.57 5.19 1,250.90 308,817.48 313,870.59 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 168,167.18 AA+ Aaa 09/07/23 09/14/23 165,652.24 5.01 651.65 166,202.68 168,449.70 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 272,567.76 AA+ Aaa 07/19/23 07/27/23 272,560.93 4.78 1,085.05 272,562.68 272,983.70 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 325,000.00 AA+ Aaa 07/13/23 07/20/23 328,246.10 4.59 1,305.15 327,403.03 327,024.10 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 329,665.24 AA+ Aaa 07/18/23 07/31/23 324,076.38 4.58 1,148.66 325,478.27 324,495.43 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 179,579.33 AA+ Aaa 09/19/23 09/28/23 179,578.43 5.27 788.95 179,578.71 181,912.79 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 340,000.00 AA+ Aaa 09/07/23 09/14/23 334,970.38 4.99 1,317.50 336,009.59 340,319.26 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 8 of 14 ends

Page 61 ends

Item 7.

Managed Account Detail of Securities Held For the Month Ending October 31, 2024 CITY OF COACHELLA - OPERATING PORTFOLIO - 995343 - (14201484) Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 345,000.00 AA+ Aaa 10/11/23 10/19/23 337,432.08 5.25 1,362.75 338,882.52 346,724.66 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 260,000.00 AA+ Aaa 10/25/23 10/31/23 251,710.42 5.60 1,050.83 253,115.86 261,874.34 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 335,000.00 AA+ Aaa 09/20/23 09/28/23 330,995.75 5.07 1,340.00 331,736.35 336,807.66 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 135,000.00 AA+ Aaa 11/14/23 11/21/23 134,609.72 5.14 570.26 134,676.98 137,011.64 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 190,000.00 AA+ Aaa 11/28/23 12/07/23 189,454.13 4.93 769.50 189,544.88 191,534.44 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 175,000.00 AA+ Aaa 12/11/23 12/21/23 176,634.15 4.79 729.17 176,376.80 177,225.48 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
3137HBFY5 195,000.00 AA+ Aaa 01/10/24 01/18/24 196,947.86 4.50 767.65 196,667.14 195,608.01 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 195,000.00 AA+ Aaa 02/01/24 02/08/24 196,949.81 4.34 742.95 196,685.02 194,675.13 FHMS K518 A2
DTD 03/01/2024 5.400% 01/01/2029
3137HC2L5 245,000.00 AA+ Aaa 03/19/24 03/28/24 250,915.53 4.83 1,102.50 250,346.37 251,988.87 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
3137HC2C5 305,000.00 AA+ Aaa 03/05/24 03/14/24 314,145.73 4.67 1,361.06 313,078.82 313,217.01 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
3137HBPD0 340,000.00 AA+ Aaa 02/14/24 02/22/24 349,159.60 4.79 1,530.00 348,004.50 349,472.40 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
3137HBPM0 340,000.00 AA+ Aaa 02/29/24 03/07/24 350,198.98 4.79 1,551.82 348,980.34 351,062.92 FHMS K520 A2
DTD 04/01/2024 5.180% 03/01/2029
3137HCKV3 195,000.00 AA+ Aaa 04/23/24 04/30/24 195,791.51 5.09 841.75 195,730.67 198,935.10 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 290,000.00 AA+ Aaa 07/16/24 07/25/24 291,780.89 4.58 1,140.67 291,720.06 291,104.61 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 9 of 14 ends

Page 62 ends

Item 7.

FREDDIE MAC (CALLABLE)
DTD 05/29/2020 0.750% 05/28/2025
3134GVB31 200,000.00 AA+ Aaa 06/05/20 06/09/20 199,400.00 0.81 637.50 199,930.58 195,885.80

FREDDIE MAC (CALLABLE)
DTD 08/30/2022 4.050% 08/28/2025
3134GXS54 1,000,000.00 AA+ Aaa 08/19/22 08/30/22 999,600.00 4.06 7,087.50 999,889.79 996,807.00

FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 285,000.00 AA+ Aaa 09/23/20 09/25/20 284,142.15 0.44 112.81 284,846.37 275,156.39

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 185,000.00 AA+ Aaa 11/09/20 11/12/20 184,337.70 0.57 447.08 184,864.96 178,081.00 Security Type Sub-Total 1,670,000.00 1,667,479.85 2.69 8,284.89 1,669,531.70 1,645,930.19 Corporate Note

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 02/14/2020 1.750% 02/14/2025
66989HAP3 295,000.00 AA- Aa3 05/06/20 05/08/20 305,504.95 0.98 1,104.20 295,454.84 292,508.73 AMAZON.COM INC
DTD 04/13/2022 3.000% 04/13/2025
023135CE4 80,000.00 AA A1 04/11/22 04/13/22 79,872.80 3.06 120.00 79,980.92 79,443.60

GOLDMAN SACHS GROUP INC (CALLABLE)
DTD 05/22/2015 3.750% 05/22/2025
38148LAE6 135,000.00 BBB+ A2 02/12/21 02/17/21 150,819.30 0.94 2,235.94 136,215.18 134,239.81

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 11/13/2020 0.750% 11/13/2025
110122DN5 72,000.00 A A2 06/17/21 06/21/21 71,282.88 0.98 252.00 71,831.37 69,281.78

BANK OF AMERICA CORP (CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
06051GKM0 220,000.00 A- A1 03/17/22 03/22/22 220,000.00 3.38 599.72 220,000.00 218,453.18 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 10 of 14 ends

Page 63 ends

Item 7.

BANK OF AMERICA NA (CALLABLE)
DTD 08/18/2023 5.526% 08/18/2026
06428CAA2 175,000.00 A+ Aa1 10/23/23 10/24/23 173,526.50 5.85 1,960.96 174,059.81 178,076.15

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 25,000.00 A A2 01/19/22 01/24/22 24,957.50 1.99 143.54 24,981.16 23,748.23

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 125,000.00 A A2 01/27/22 01/31/22 124,923.75 1.96 717.71 124,966.06 118,741.13

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 200,000.00 A A1 01/26/22 01/28/22 200,644.00 1.98 1,081.94 200,281.89 189,958.60

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 300,000.00 A A1 08/02/22 08/04/22 280,158.00 3.66 1,622.92 290,091.31 284,937.90

ADOBE INC (CALLABLE)
DTD 02/03/2020 2.150% 02/01/2027
00724PAC3 360,000.00 A+ A1 12/13/22 12/15/22 332,316.00 4.20 1,935.00 344,909.80 343,081.08

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2021 1.578% 04/22/2027
46647PCB0 260,000.00 A- A1 08/02/22 08/04/22 235,172.60 3.81 102.57 246,972.19 248,146.86

HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
437076BT8 350,000.00 A A2 01/25/23 01/27/23 330,256.50 4.15 1,279.44 337,765.43 335,323.80

JPMORGAN CHASE & CO (CALLABLE)
DTD 02/24/2022 2.947% 02/24/2028
46647PCW4 125,000.00 A- A1 09/14/23 09/18/23 114,296.25 5.13 685.59 116,999.01 120,065.75

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 50,000.00 A- A1 08/08/24 08/09/24 51,033.50 4.95 69.64 50,951.84 50,897.25

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
46647PEE2 110,000.00 A- A1 06/03/24 06/04/24 110,733.70 5.38 153.20 110,636.66 111,973.95

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 115,000.00 A A1 07/11/23 07/14/23 114,828.65 4.98 1,691.94 114,873.11 116,572.40

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 135,000.00 A A1 07/13/23 07/17/23 136,833.30 4.64 1,986.19 136,359.93 136,845.86

TOYOTA MOTOR CREDIT CORP
DTD 09/11/2023 5.250% 09/11/2028
89236TLB9 110,000.00 A+ A1 09/06/23 09/11/23 109,808.60 5.29 802.08 109,848.19 112,435.95 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 11 of 14 ends

Page 64 ends

Item 7.

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 115,000.00 A+ Aa3 05/01/24 05/03/24 117,224.10 5.30 593.20 116,994.76 119,469.59

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 400,000.00 A+ Aa3 09/26/23 09/29/23 400,000.00 5.80 2,063.29 400,000.00 415,546.40

STATE STREET CORP (CALLABLE)
DTD 08/20/2024 4.530% 02/20/2029
857477CN1 165,000.00 A A1 08/14/24 08/20/24 165,000.00 4.53 1,474.14 165,000.00 163,902.75

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 30,000.00 AA- Aa3 03/05/24 03/14/24 29,945.70 4.74 184.08 29,951.98 30,202.11

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 350,000.00 AA- Aa3 04/09/24 04/11/24 348,376.00 4.81 2,147.64 348,541.48 352,357.95

MASTERCARD INC (CALLABLE)
DTD 05/31/2019 2.950% 06/01/2029
57636QAM6 300,000.00 A+ Aa3 06/26/24 06/27/24 275,595.00 4.82 3,687.50 277,122.12 281,175.60

PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
713448FX1 165,000.00 A+ A1 07/15/24 07/17/24 164,744.25 4.53 2,145.00 164,758.25 165,596.81

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 25,000.00 A+ A1 08/06/24 08/09/24 24,949.25 4.60 259.10 24,951.34 24,825.90

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 55,000.00 A+ A1 08/07/24 08/09/24 54,936.75 4.58 570.01 54,939.56 54,616.98

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 60,000.00 A+ A1 08/08/24 08/09/24 59,753.40 4.64 621.83 59,763.65 59,582.16

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 60,000.00 A+ A1 08/12/24 08/14/24 59,868.60 4.25 539.00 59,873.91 59,291.10

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 200,000.00 A+ A1 08/13/24 08/14/24 200,292.00 4.17 1,796.67 200,281.07 197,637.00 Security Type Sub-Total 5,167,000.00 5,067,653.83 4.07 34,626.04 5,089,356.82 5,088,936.36 Certificate of Deposit

COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
21684LGS5 325,000.00 A+ Aa2 07/17/23 07/20/23 325,000.00 5.08 4,769.56 325,000.00 332,143.83 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 12 of 14 ends

Page 65 ends

Item 7.

MORGAN STANLEY BANK NA (CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 325,000.00 A+ Aa3 05/30/24 05/31/24 325,685.75 5.45 7,503.02 325,554.81 330,641.02 Security Type Sub-Total 325,000.00 325,685.75 5.45 7,503.02 325,554.81 330,641.02 Asset-Backed Security
TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
89239BAC5 10,137.39 AAA Aaa 09/21/21 09/27/21 10,136.58 0.43 1.94 10,137.16 10,067.89 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 2,094.68 AAA NR 04/13/21 04/21/21 2,094.23 0.52 0.48 2,094.56 2,090.73 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 6,702.89 AAA NR 11/09/21 11/17/21 6,701.39 0.75 2.20 6,702.38 6,651.75 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 215,000.00 AAA NR 08/15/23 08/22/23 214,955.67 5.42 420.03 214,967.44 217,064.43 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
89231FAD2 65,000.00 AAA NR 08/08/23 08/15/23 64,985.30 5.17 149.07 64,989.11 65,470.80 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 65,000.00 AAA NR 11/07/23 11/14/23 64,992.99 5.54 160.04 64,994.46 66,036.36 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 235,000.00 AAA Aaa 08/15/23 08/23/23 234,985.43 5.53 577.58 234,988.91 237,596.52 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 270,000.00 AAA NR 09/07/23 09/15/23 269,925.16 5.17 619.20 269,940.42 273,207.33 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 275,000.00 AAA NR 09/12/23 09/19/23 274,987.71 5.24 639.22 274,863.42 278,468.30 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 95,000.00 AAA NR 11/03/23 11/13/23 94,987.51 5.54 233.91 94,989.89 96,554.68 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Page 13 of 14 ends

Page 66 ends

Item 7.

Page 14 of 14 ends

Page 67 ends

Item 7.

City of Coachella Building Activity Report
OCTOBER 2024
Permits Current Month Past Month This Month Last
Year
This Year to
Date
Last Year to Date
Res. Solar Panels 14 27 6 184 221
Misc. Building Permits 21 25 40 297 435
Residential Additions/Ga 9 10 4 65 110
Single Family Dwellings 10 29 7 68 110
Commercial Bldgs. 0 0 0 2 2
Commercial Ten. Improv 0 0 2 0 11
Multi- Family Units 0 0 0 0 108
Plan Check 0 0 0 0 0
TOTALS 54 91 59 621 964
Revenue Fees
Building Fees $36,812.50 $86,287.50 $37,730.00 $368,033.00 $485,945.02 Dev. Impact Fees $156,153.14 $412,242.06 $115,470.14 $992,774.90 $2,631,791.86 Sewer &Water Fees $86,721.80 $251,493.22 $60,705.26 $635,354.53 $1,555,693.75 Misc. (TUMF, MSF, FIRE) $27,400.00 $79,460.00 $17,850.00 $343,440.68 $326,793.92 Plan Check $10,334.00 $19,098.25 $15,611.50 $144,420.75 $168,768.58 Cert of Occupancy $2,560.00 $7,424.00 $1,792.00 $17,664.00 $56,576.00 SB1473 $133.00 $390.00 $204.00 $1,976.00 $2,932.60
TOTALS $320,114.44 $856,395.03 $249,362.90 $2,503,664.46 $5,228,501.73 1% Construction Tax $15,988.80 $74,594.10 $26,890.50 $195,227.90 $444,030.38 Strong Motion Instr. $363.47 $1,125.35 $616.30 $5,955.01 $10,877.73 TOTALS $16,352.27 $75,719.45 $27,506.80 $201,182.91 $454,908.11 Valuations $2,764,627.00 $8,980,012.00 $24,650,429.00 $42,245,919.71 $102,955,370.95 Inspections
General 332 264 NO INFO 3082 NO INFO
Final Single Family 3 0 NO INFO 77 NO INFO
Final Multi Family 0 0 NO INFO 1 NO INFO
Final Commercial 0 1 NO INFO 16 NO INFO
Final Miscellaneous 24 24 NO INFO 356 NO INFO
Final Solar 11 12 NO INFO 120 NO INFO
Code Enforcement Insp. 0 1 NO INFO 73 NO INFO
TOTALS 370 302 3725
TOTAL DWELLING UNITS IN THE CITY OF COACHELLA 9609
Submitted by:

Rosa Vasquez
Development Services Technician

Page 68 ends

Item 8.

City of Coachella Building Activity Report
NOVEMBER 2024
Permits Current Month Past Month This Month Last
Year
This Year to
Date
Last Year to Date
Res. Solar Panels 58 14 40 242 261
Misc. Building Permits 32 21 29 329 464
Residential Additions/Ga 1 9 5 66 115
Single Family Dwellings 20 10 5 88 115
Commercial Bldgs. 0 0 0 2 2
Commercial Ten. Improv 0 0 3 0 14
Multi- Family Units 0 0 0 0 108
Plan Check 0 0 0 0 0
TOTALS 111 54 82 732 1046
Revenue Fees
Building Fees $70,196.00 $36,812.50 $45,496.40 $438,229.00 $531,441.42 Dev. Impact Fees $269,858.58 $156,153.14 $82,015.92 $1,262,633.48 $2,713,807.78 Sewer &Water Fees $226,060.40 $86,721.80 $43,538.49 $861,414.93 $1,599,232.24 Misc. (TUMF, MSF, FIRE) $54,800.00 $27,400.00 $12,750.00 $398,240.68 $339,543.92 Plan Check $21,553.00 $10,334.00 $19,168.36 $165,973.75 $187,936.94 Cert of Occupancy $5,120.00 $2,560.00 $1,280.00 $22,784.00 $57,856.00 SB1473 $358.00 $133.00 $299.00 $2,334.00 $3,231.60
TOTALS $647,945.98 $320,114.44 $204,548.17 $3,151,610.44 $5,433,049.90 1% Construction Tax $62,855.00 $15,988.80 $17,356.30 $258,082.90 $461,386.68 Strong Motion Instr. $974.90 $363.47 $1,385.96 $6,929.91 $12,263.69 TOTALS $63,829.90 $16,352.27 $18,742.26 $265,012.81 $473,650.37 Valuations $7,690,485.50 $2,764,627.00 $6,478,766.00 $49,936,405.21 $109,434,136.95 Inspections
General 281 332 NO INFO 3363 NO INFO
Final Single Family 0 3 NO INFO 77 NO INFO
Final Multi Family 0 0 NO INFO 1 NO INFO
Final Commercial 0 0 NO INFO 16 NO INFO
Final Miscellaneous 21 24 NO INFO 377 NO INFO
Final Solar 16 11 NO INFO 136 NO INFO
Code Enforcement Insp. 0 0 NO INFO 73 NO INFO
TOTALS 318 370 4043
TOTAL DWELLING UNITS IN THE CITY OF COACHELLA 9629
Submitted by:

Rosa Vasquez
Development Services Technician

Page 69 ends

Item 8.

City of Coachella Building Activity Report
DECEMBER 2024
Permits Current Month Past Month This Month Last
Year
This Year to
Date
Last Year to Date
Res. Solar Panels 8 58 25 250 286
Misc. Building Permits 19 32 24 348 488
Residential Additions/Ga 13 1 4 79 119
Single Family Dwellings 8 20 0 96 115
Commercial Bldgs. 0 0 0 2 2
Commercial Ten. Improv 0 0 0 0 14
Multi- Family Units 0 0 0 0 108
Plan Check 0 0 0 0 0
TOTALS 48 111 53 780 1099
Revenue Fees
Building Fees $30,111.00 $70,196.00 $12,900.00 $468,340.00 $544,341.42 Dev. Impact Fees $107,747.46 $269,858.58 $0.00 $1,370,380.94 $2,713,807.78 Sewer &Water Fees $90,424.16 $226,060.40 $0.00 $951,839.09 $1,599,232.24 Misc. (TUMF, MSF, FIRE) $21,920.00 $54,800.00 $0.00 $420,160.68 $339,543.92 Plan Check $10,002.00 $21,553.00 $7,578.00 $175,975.75 $195,514.94 Cert of Occupancy $2,048.00 $5,120.00 $0.00 $24,832.00 $57,856.00 SB1473 $155.40 $358.00 $58.00 $2,489.40 $3,289.60
TOTALS $262,408.02 $647,945.98 $20,536.00 $3,414,018.46 $5,453,585.90 1% Construction Tax $24,358.10 $62,855.00 $0.00 $282,441.00 $461,386.68 Strong Motion Instr. $429.58 $974.90 $94.24 $7,359.49 $12,357.93 TOTALS $24,787.68 $63,829.90 $94.24 $289,800.49 $473,744.61 Valuations $3,309,311.00 $7,690,485.50 $731,102.00 $53,245,716.21 $110,165,238.95 Inspections
General 242 281 NO INFO 3605 NO INFO
Final Single Family 1 0 NO INFO 78 NO INFO
Final Multi Family 0 0 NO INFO 1 NO INFO
Final Commercial 0 0 NO INFO 16 NO INFO
Final Miscellaneous 17 21 NO INFO 394 NO INFO
Final Solar 29 16 NO INFO 165 NO INFO
Code Enforcement Insp. 0 0 NO INFO 73 NO INFO
TOTALS 290 318 4333
TOTAL DWELLING UNITS IN THE CITY OF COACHELLA 9637
Submitted by:

Rosa Vasquez
Development Services Technician

Page 70 ends

Item 8.

CITY OF COACHELLA 53-
990 ENTERPRISE WAY
COACHELLA, CA 92236

CODE ENFORCEMENT, ABANDONED VEHICLE

ABATEMENT, GRAFFITI, PARK RANGERS
& ANIMAL CONTROL

QUARTERLY REPORT
Oct 1, 2024 to Dec. 31, 2024

Page 71 ends

Item 8.

Code Enforcement Summary Report
Report Criteria:

Status
Assigned
To
Census
Tract Violation Initiation Open Date Range
Follow up Date
Range
Close Date
Range
All All All All From 10/01/2024 To
12/31/2024 From To From To
CE Totals
Total Closed Cases Open Cases
Totals 102 38 64
CE Cases by Violation
Violation
Total
Violations
Closed
Violations
Open
Violations
3 0 3

10.08.060 - Working on parked vehicles 2 1 1

10.20.010(18) Abandoned/Inoperable/Dismantled vehicle(s). 11 11 0

12.12.050 - Duty to maintain sidewalks. 0 0 0

12.16.030 - Permit required/CURB CUTS AND DRIVEWAYS 1 0 1

12.42.030 - Unlawful camping. 10 4 6

12.42.040 - Storage of personal property on public property. 1 1 0

12.50.100 Penalties. (B) Vending without a sidewalk vending permit 1 1 0

13.03.044 Wasting water prohibited. 4 1 3

13.03.208 - Access to water meter. 0 0 0

13.03.306 Expiration or Extension of Permit 0 0 0

15.04.020 (A) Concrete Flat Work, Shades & Storage Containers 4 0 4

15.44.010 Building Numbering/Required 0 0 0

15.60.010 Building Permit Required 10 0 10

15.60.050 - Substandard buildings and housing. 3 1 2

15.66.010 Seizmic Hazard Mitiagtion 0 0 0

17.16.020 - Permitted uses. 0 0 0

17.16.030(C)(5)-Property development standards. Walls/Fences 3 3 0

17.48.020 Display of merchandised out of doors. 0 0 0

17.54.010 (N)(2) Parking and Storage in Residential Zones. 10 3 7

17.54.010.(N)(3) 0 0 0

17.54.020 - Permitting of certain garage conversions to residential living space ("garage conversions"). 0 0 0

17.56.010(J)(2)(B) - Signs 1 0 1

Page 72 ends

Item 8.

17.58.010 - Home occupations 2 1 1

17.60.010 (F)(4) Accessory structures 0 0 0

17.60.010 (G) - Trailers Outside Camps 1 1 0

17.60.010 - Property development standards. (Fence) 4 1 3

17.60.010 Property Development Standards 9D)(3)(a) Yards 0 0 0

17.60.010(3)(e) Development Standards 0 0 0

17.74.010 (D)(3) Conditional Uses 0 0 0

17.84 Medical Cannabis Dispensaries. 0 0 0

17.84 Medical Cannabis Dispensaries. 17.84.030 - Prohibited activities. 0 0 0

17.84 Medical Cannabis Dispensaries. 17.84.040 - Prohibited activities declared a public nuisance. 0 0 0

17.84 Medical Cannabis Dispensaries. 17.84.050 Penalties for Violations 0 0 0

2.08.060 (A) - Political sign regulations. 0 0 0

2.08.060 (B) - Political sign regulations 0 0 0

2.08.060 (C) - Political sign regulations 0 0 0

2.08.060 (D) - Political sign regulations 0 0 0

2.08.060 (E) - Political sign regulations 0 0 0

3.10.010 (D) (16) Visibility Hazard 1 0 1

3.10.010 (D) (27) Public Burning 0 0 0

3.10.010 (D)(10) Termites, Insects, Vermin or Rodents. 0 0 0

3.10.010 (D)(12) Abandon or Vacated Building/Structure 0 0 0

3.10.010 (D)(13) Offensive Odors 0 0 0

3.10.010 (D)(15) Hazardous Substances and Waste 0 0 0

3.10.010 (D)(18) 0 0 0

3.10.010 (D)(19) 0 0 0

3.10.010 (D)(20) Swmng Pools, Ponds and Other Bodies of Wtr. 0 0 0

3.10.010 (D)(23)Public Nuisances/Safety Hazard 8 4 4

3.10.010 (D)(24) Disruptive Activities 1 0 1

3.10.010 (D)(25) Land Use Entitlements. 0 0 0

3.10.010 (D)(3) Weeds 0 0 0

3.10.010 (D)(31) Animal Manure 0 0 0

3.10.010 (D)(36) Signs 1 0 1

3.10.010 (D)(38) - Maintenance and abatement of nuisances. 0 0 0

3.10.010 (D)(4) - Trees and Shrubs 5 1 4

3.10.010 (D)(44)Public Nuisances/Rubbish, Refuse and Dirt 12 3 9

3.10.010 (D)(8) -Maintenance of Private Driveways 0 0 0

3.10.010(35) Water Disp[osal 0 0 0

Page 73 ends

Item 8.

3.10.010(D)(11)-Sewage. 0 0 0

3.10.010(D)(15)-Hazardous Substances and Waste. 2 0 2

3.10.010(D)(16)-Visibility Hazard. 0 0 0

3.10.010(D)(19)-Visual Blight 6 3 3

3.10.010(D)(20)-Swmng Pools, Ponds and Other Bodies of Wtr. 0 0 0

3.10.010(D)(21)-Public Toilets. 0 0 0

3.10.010(D)(22)-Privies. 0 0 0

3.10.010(D)(25)-Land Use Entitlements. 0 0 0

3.10.010(D)(27)-Public Burning. 0 0 0

3.10.010(D)(28)-Air Pollution. 0 0 0

3.10.010(D)(29) Mosquito Breeding Places. 0 0 0

3.10.010(D)(30)Discharge of Sewage 0 0 0

3.10.010(D)(31)-Animal Manure 0 0 0

3.10.010(D)(32)-Hauling of Offensive Substances 0 0 0

3.10.010(D)(33)-Clothes Lines. 0 0 0

3.10.010(D)(34)Stormwater Drainage 0 0 0

3.10.010(D)(35)-Water Disposal. 0 0 0

3.10.010(D)(36)-Signs. 0 0 0

3.10.010(D)(37)-Encroachment. 1 0 1

3.10.010(D)(38)-Municipal Code Violations. 0 0 0

3.10.010(D)(39)-California Civil Code. 0 0 0

3.10.010(D)(40)-California Red Light Abatement Act. 0 0 0

3.10.010(D)(41)-California Drug Abatement Act. 0 0 0

3.10.010(D)(42)-State Housing Law. 0 0 0

3.10.010(D)(43)-Weed Abatement. 0 0 0

3.10.010(D)(6)Parking on Yard Off Driveway 1 0 1

3.10.010(D)(7) Occupied Vehicles 4 3 1

3.16.090 - Failure to comply with notice of violation. 6 1 5

5.48.030 - Nonconforming signs 1 0 1

5.48.090 - Permits for outdoor advertising signs. 1 0 1

5.80.100 - Operational requirements and performance standards established. (Short Term Rentals) 0 0 0

7.04.040 - Prohibited noise generally. 1 0 1

8.20.040(C)Dust Control requirements 2 0 2

8.44.010 - Collection by city or agent only. 0 0 0

8.44.070 Commercial Garbage Collection and Disposal 0 0 0

8.48.030 (B)Graffiti Prohibted 4 3 1

Page 74 ends

Item 8.

8.60 - REGISTRATION AND MAINTENANCE OF ABANDONED PROPERTIES 0 0 0

8.60.040 Registration of Abandoned Property 0 0 0

8.60.050 - Abandoned Property Maintenance requirements. 0 0 0

8.60.060 - Security requirements 1 0 1

8.64.050 - Vacant Property Maintenance Requirements 1 0 1 Abandoned/Inoperable/Dismantled vehicle(s) 0 0 0
Business License Required 2 1 1
Business Subject to Miscellaneous Tax Rates/Transportation, Trucking and Towing 0 0 0
CFC 10.206(a)-(b) Obstruction 1 1 0
CFC 10.206(b)-Hydrant,(c) Red curb-15' each side 0 0 0
CFC 10.207(1)-Fire Apparatus Access Roads,(a) Red curb on signs 0 0 0 CFC 10.207-Fire Apparatus Access Roads.(b) Obstruction 0 0 0 CFC 10.208(a)-Premises Identification, 0 0 0
CFC 10.301(a)-Fire Extinguishers,(a) Minimum 2A10BC 0 0 0 CFC 10.301(a)-Fire Extinguishers,(e) Commercial kitchen 40BC. 0 0 0 CFC 10.302(a)-Fire Extinguishers,(b) Servicing due 0 0 0 CFC 10.313(b)-Hood and Duct Systems,(b) Proper nozzle position, caps, coverage
0 0 0
CFC 10.313(c)-Hood and Duct Systems,(c) Automatic gas/electric shut off 0 0 0 CFC 10.313(e) 0 0 0
CFC 10.313(e)-Hood and Duct Systems,(d) Fuseable links, cables, conduits 0 0 0 CFC 10.401 0 0 0
CFC 10.401-Walls and Ceilings,(a) Holes sealed 0 0 0
CFC 10.402(a)-Exits,(e) Maintain fire rated doors, windows, dampers, and hardware 0 0 0
CFC 11.201(b)-General Housekeeping,(a) Rubbish/trash buildup 0 0 0 CFC 11.203(b)-General Housekeeping,(d) Storage not within 24" of ceiling 0 0 0 CFC 11.203(c)-General Housekeeping,(g) Storage in boiler, mech., elect. panel rooms prohibited 0 0 0
CFC 11.205(a)-General Housekeeping,(h) Candles used in approved manner 0 0 0 CFC 12.103(a)-Exits,(d) Exit obstruction 0 0 0
CFC 12.106(c)-General Housekeeping,(e) Storage under stairs prohibited 0 0 0 CFC 12.203(a)-Occupant Limit/Sign,(a) Occupant load sign(s) posted 0 0 0 CFC 12.207-General Housekeeping,Storage in attic space prohibited 0 0 0 CFC 13.103-Occupant Limit/Sign,(b) Required NO SMOKING signs 0 0 0 CFC 74.107(a) 0 0 0
CFC 79-201(e)-Flammable Liquids -(a) Approved safety cans under 10 gal. 0 0 0

Page 75 ends

Item 8.

CFC 79.107-Flammable Liquids,(c) Legible labeling 0 0 0 CFC 79.201(e)-Flammable Liquids,(b) Approved cabinet exceeding 10 gal. 0 0 0 CFC 85.104 (c)-Electrical,(c) Abatement of electrical hazards 1 0 1 CFC 85.104 (f)-Electrical,(f) Cover open space in circuit breaker panel 0 0 0 CFC 85.106-Electrical,(d) Exten. cords not allowed as permanent wiring 1 1 0 CFC 85.107-Electrical,(a) Zip cords/cube adapters not allowed 0 0 0 CFC 85.108-Electrical,(b) Min. 30" clear access to circuit breaker 0 0 0 CFC Stand. No. 10-1-6.9-Fire Extinguishers,(c) Mounted 3-5 feet from floor 0 0 0 CFC Standard No. 10-1-6.5-Fire Extinguishers,(d) Obstruction 0 0 0 Display of merchandise out of Door 0 0 0
Garbage Containers 7 2 5
Illegal Dumping 3 0 3
Illegal, Nonconform. Building or Structure(s) 1 0 1
Manner of Parking /Parallel Parking 0 0 0
Manner of Parking/Angle Parking 0 0 0
Manner of Parking/Commercial Vehicles Prohibited from Parking on Private Property and Public Rights-of-Ways 0 0 0
NEC 380-9 Electrical, (e) Outlet faceplates/covers in place 0 0 0 NFPA 13-4-2.5.1 Automatic Fire Sprinklers Systems,(c) 18" clearance below heads 0 0 0
Parking on yard/off driveway 3 3 0
Parking Requirements/General Provisions 0 0 0
Parking Requirements/Surface of Parking Area 0 0 0
Permit for Outdoor Advertising Signs 0 0 0
Prkg. Lot Striping/Handicap Markings 0 0 0
Prohibited Stopping, Standing or Parking/On a Crosswalk 0 0 0 Prohibited Stopping, Standing or Parking/Within an Intersection 0 0 0 Property Development Standards/Maintenance 0 0 0
Public Nuisances / Animals 2 0 2
Public Nuisances / Attractive Nuisances 2 1 1
Public Nuisances / Fire Hazard 2 1 1
Public Nuisances / Landscaping 3 1 2
Public Nuisances / Trees and Shrubs 3 0 3
Service Stations/Intent and Purpose 0 0 0
Service Stations/Landscaping 1 0 1
Service Stations/Parking 0 0 0
Set up Temporary Sales Location 0 0 0

Page 76 ends

Item 8.

Signs-All signs and sign programs shall be subject to review and approval 0 0 0 Special Event/Sales Permit Required 3 3 0
Special Event/Sales Signs 3 3 0
Stopping, Standing and Parking/Public or Private Driveway 0 0 0 Stopping, Standing or Parking/Sidewalk 2 1 1
Termites, Insects, Vermin or Rodents 0 0 0
Termites, Insects, Vermin or Rodents 0 0 0
Title 19, Subchapter 5-Hood and Duct Systems,(a)Serviced within 6 months 0 0 0 Trimming palm trees--Required 1 0 1
UBC 3304(c)-"This Door To Remain Unlocked During Business Hours" 0 0 0 UBC 3313(b)-(f) Emergency lighting operable 0 0 0
UBC 3314(c)-(b) Illuminated EXIT sign operable 0 0 0
UBC 3315(b)-(c) 44' clear access aisle width to exits 0 0 0 UMC 504(a)-General Housekeeping,(c) 36" clearance around water heater 0 0 0 Weed Abatement 6 1 5
Totals 177 66 111
Commercial Center Clean Up Updates:

Smart & Final Compliance
Plaza del Sol On-going
Auto Zone Compliance
Walmart Compliance
Family Dollar On-going
Verde Valle Plaza On-going
El Valle Auto On-going
AM/PM On-going
Food 4 Less On-going
KFC On-going
Family Furniture On-going
Victory Liquor/Dollar Tree Compliance
CVS Pharmacy On-going
Center for Employment Training Compliance
Valley Market On-going
Formerly “Fresh n Easy” On-going
Plaza de Oro On-going
Silvia Chapa Shopping Center On-going
Carl’s Jr Compliance
La Mango On-going

Page 77 ends

Item 8.

Graffiti Abatement Summary Report
Oct. 2024 to Dec. 2024
Paint Gallons Used 75
Paint Gallons Purchased 32
Graffiti Cover ups 270
Pressure washing Sq. Ft. 830
Mural Sealant 0

Page 78 ends

Item 8.

Park Ranger Summary Report
Oct 2024 to Dec 2024
Unsheltered
Contacts:

Park
Vandalism:

Street Sweeper
cites:

Park League
Issues:

Oct 80 10 450 0
Nov 94 18 560 0
Dec 60 20 240 0
Riverside County Animal Control:
• No report provided
Prepared By:

Rene Rosales,

Page 79 ends

Item 8.

Code Enforcement Manager

Page 80 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT

COACHELLA CITY

FIRE DEPARTMENT
MID YEAR ROPORT JULY 2006

I NSIDE T HIS I SSUE

1. 2.

Personnel Assignments
Response Reports

3. Administration Reports

COACHELLA CITY

FIRE DEPARTMENT
QUARTERLY REPORT OCTOBER – DECEMBER 2024

Page 81 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT

ADMINISTRATION
1377 SIXTH STREET
COACHELLA, CA 92236
(760) 398-8895

1. Division Chief – Richard Tovar

2. Battalion Chief – Justin Karp

3. Battalion Chief – Warren Browett

4. Administrative Assistant – Marisa Duran
STATION 79
1377 SIXTH STREET
COACHELLA, CA 92236
(760) 398-8895

Engine 79

1. Fire Captain – Johnny Garcia

2. Fire Captain – Rodrigo Vega

3. Fire Captain – Anthony Rosales

4. Fire Apparatus Engineer – Tommy Lemus

5. Fire Apparatus Engineer – Juan Calderon

6. Fire Apparatus Engineer – Moses Alvarez

7. Firefighter II – Daniel Lucido

8. Firefighter II – Isaac Bretz

9. Firefighter II – Jonathan Flores

Squad 79

1. Fire Apparatus Engineer – Edward Avila

2. Fire Apparatus Engineer – Louis Steiner

3. Fire Apparatus Engineer – Mark Stillwell

4. Firefighter II/Paramedic – Tony Ippolito

5. Firefighter II/Paramedic – Matthew Rosenberger

6. Firefighter II/Paramedic – Juan Gonzalez

Page 82 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT

Y EAR E ND R ESPONSE R EPORT
O CTOBER 1, 202 4 – D ECEMBER 3 1 , 202 4

O CTOBER N OVEMBER D ECEMBER YTD
(C ITY OF

C OACHELLA )
S TRUCTURE F IRES 0 0 1 25
C OMMERCIAL F IRES 1 0 2 5
O THER F IRES 8 1 4 1 8 160

R INGING /F ALSE

A LARMS
22 23 31 254
M EDICAL I NCIDENTS 232 2 19 222 2 , 570
TRAFFIC C OLLISIONS 26 2 9 35 329
O THER I NCIDENTS 16 1 5 8 122
T OTAL 305 300 3 17 3 , 465

RESPONSE TIMES

O CTOBER N OVEMBER D ECEMBER YTD
(C ITY OF

C OACHELLA

A VERAGE R ESPONSE

T IMES (M INUTES )
4 . 6 5.1 4. 6 4.9
% OF CALLS ON SCENE
IN 5 MINUTES OR LESS
71 % 68 % 67 % 6 7 %

Page 83 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT
Structure Fires - 1%
Commercial Fires - 0%
Other Fires - 5%
Ringing Alarms - 6%
Medical Incidents - 72%
Traffic Collisions - 11%
Other Incidents - 5%

Page 84 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT

SIGNIFICANT EVENT
10/5/24 – City Firefighters were dispatched to a reported outside fire in the area of Avenue 50 at the cross of Polk Street. The first arriving Engine Company reported a large 150'x150' pile of mulch burning adjacent to a palm tree grove. The fire was burning to the rear of the residence on a six-acre parcel that was mostly covered with large mulch piles. Additional engines were requested to assist with a water shuttle operation and our Dozer was requested to help break down the piles so firefighters could properly extinguish the deep-seated material that was burning below. A request was placed for Coachella City Code Enforcement to respond and inspect the property due to the excessive amount of mulch on the property. 10/17/24 – City firefighters responded to a reported traffic collision with extrication at the intersection of Calhoun Street at the cross of Avenue 53. The first arriving Battalion Chief reported a two-vehicle traffic collision with major damage. Firefighters were able to quickly extricate one patient from a vehicle while the three additional occupants refused medical treatment. One patient with moderate injuries was transported by ground ambulance to John F.

Kennedy Memorial Hospital.
10/28/24 – Firefighters responded to a report of a commercial structure fire at 84-923 Avenue 48.

The first arriving fire engine reported moderate smoke coming from the front entrance of one unit in a commercial strip mall. Firefighters entered the building but were hampered by heavy smoke, which made finding the origin of the fire challenging. Once fire crews extinguished the fire, smoke conditions dissipated. Only production contents were destroyed by the fire. Total Lost: $100,000.00
Total Saved: $3,000,000.00
10/31/24 – Coachella City Firefighters were dispatched to a vegetation fire at 51-339 Harrison Street. Upon arrival fire crews reported 3-4 palms trees on fire behind the O'Reilly Auto Parts store, with a direct threat to a cell phone tower and commercial building. A female resident of a small homeless encampment at the base of the palm trees sustained 2nd and 3rd degree burns over 90% of her body when her encampment caught fire during the incident. Mercy Air ambulance was requested and flew the burn victim to Arrowhead Regional Medical Center for treatment. The auto parts store Knox box was inoperable, and firefighters had to force entry to check for fire extension and remove the smoke from inside the building. Imperial Irrigation District was able to isolate the power to the damaged cell phone tower with no impact to the adjacent commercial buildings. Total Lost: $50,000.00 Total Saved: $1,200,000.00 (See photo below)

Page 85 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT
11/16/24 – Firefighters responded to a reported traffic collision involving a vehicle into a structure at 50-465 Jalisco Ave. The first arriving Engine Company reported a non-injury traffic collision involving a vehicle into a residential home causing moderate damage. City of Coachella Building and Safety was requested for damage inspection and to possibly red tag the structure. (See photo below)

Page 86 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT
12/10/24 – Coachella City Firefighters responded to a reported residential structure fire at 52-378 Calle Camacho. Upon arrival fire crews reported a well involved single story residential structure fire with multiple exposures. Firefighters were able to quickly extinguish the fire and mitigate the threat to the neighboring homes. City of Coachella Code Enforcement responded to the incident to red tag the structure. There were no reported injuries and no displaced occupants as the structure was abandoned and vacant at the time of the fire. (See photo below)

Page 87 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT

ADMINISTRATION
Our department is excited to announce the addition of Squad 79. Having this dedicated piece of equipment is crucial when responding to incidents. Together the Fire Engine and Squad form a comprehensive emergency response team, providing both fire suppression and medical care. (See photo below)

COMMUNITY ACTIVITY
12/4/24 – The 1st grade students from Peter Pendleton Elementary School visited Fire Station #79 for a tour and to learn more about fire safety. (See photos below)

Page 88 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT Page 89
Item 8.

COACHELLA CITY FIRE DEPARTMENT

12/4/24 – Fire staff attended the annual Holiday Tree Lighting Ceremony. (See photos below)

Page 90 ends

Item 8.

COACHELLA CITY FIRE DEPARTMENT
12/6/24 – City of Coachella Firefighters, and Explorer Post 679 participated in “A Skellington Christmas” Holiday Parade. Our Fire staff and explorers enjoyed making s’mores for parade attendees and appreciate the ongoing support from the City of Coachella.

Page 91 ends

Item 8.

ENGINEERING:

Capital Improvement Projects
September 2024 - December 2024
ST-69 Ave 50 Bridge over Whitewater Channel / ST-81 New Interchange @ Avenue 50 and 86 South Expressway
Environmental document was approved and finalized in February 2019. Project meeting with Caltrans to review technical studies on the project continues. Final plans and estimates have been submitted and are currently under review. Right-of-way acquisition is currently in progress and almost complete. City Staff continues to seek additional funding for the ST-81 New Interchange at Avenue 50 and 86 South Expressway.

ST-93 Avenue 50 Widening Project (Calhoun to Harrison)
Professional agreement with KOA Corporation has been approved by City Council on 10/9/2019 for Final Construction PS&E of the Avenue 50 Widening Project. City Staff coordinating with KOA to separate the project into two phases. Phase 1 of the project will include improvements on Avenue 50 from Calhoun Street to Pavon Palma and phase 2 is from Avenida De Oro to Cesar Chavez Street.

City Council awarded a construction contract to Urban Habitat on September 11, 2024 for the construction of phase 1. Phase 1 is currently under construction and City staff continues to inspect.

Phase 2 design and right-of-way is currently 90% complete.

Page 92 ends

Item 8.

ST-145 Dillon Road Rehab
The City has partnered with the Twenty Nine Palms of Mission Indians (Tribe) to repave Dillon Road from Avenue 44 to Vista Del Norte. The Tribe is the lead agency and City Staff is coordinating and inspecting as necessary. The project is currently under construction.

P-29 Avenue 53 Tot Lot
Project will add a safety fence around
park perimeter, new playground
equipment, updated landscaping and
ADA upgrades. Plans are complete
and currently under review. The
Project is scheduled to go out to Bid
early in 2025.

P-30 & 32 Bagdouma Park Restroom Upgrades:

The project installed a new restroom and concession stand and demoed and installed a restroom at Bagdouma Park. The project also added four new Musco Sport Lights at Bagdouma Park at soccer fields 1 &

2. A construction contract was awarded to Three Peaks Corporation and construction began on September 23, 2024 and was accepted on December 11, 2024.

Page 93 ends

Item 8.

P-31 Rancho Las Flores Expansion
Design is currently underway. Survey has been done and conceptual plans have been presented. Project will complete Rancho Las Flores Park and include an amphitheater, splash pad, sports courts, dog park and flexible open space for fields, walking, exercising and gatherings. Expansion will also include complete landscaping and lighting. Design is currently 90% complete.

F-33 Library Annex:

The project will renovate and upgrade the existing 7,700 SF Coachella Library Annex. A design contract was awarded to IDS Group on May 24, 2023 to provide plans, specifications and engineer’s estimates. The project is currently in design. The project will include seismic retrofit, upgraded HVAC and electrical systems, and a restructured layout to provide better services to the public.

Page 94 ends

Item 8.

Private Development Projects
Bellissima Pulte Homes:

Final phase is currently under construction. On-site curb and gutter and street base improvements have been completed. Off-site street improvements on Frederick, Avenue 53 and Calle Empalme continue to be constructed. City Staff continues to inspect.

Covalda Apartments:

Covalda apartments will build 108 affordable housing units in Pueblo Viejo and will include commercial units as well. Construction has started and will take approximately 18 months. Contractor has started grading and compacting area. Contractor has installed underground storm water chambers. Contractor continues to work on water mainline upgrades. City Staff continues to inspect.

Page 95 ends

Item 8.

Pyramid Ranch:

The Pyramid Ranch housing development will build 192 houses on Van Buren Street between Avenue 50 and Avenue 51. The model homes and phase 1 are complete and phase 2 is under construction. City Staff continues to inspect.

Page 96 ends

Item 8.

Name Cesar Lucrecio Date Submitted
Department Economic Development
Period 10/1/2024 - 12/31/2024
Revenue Account Description of Revenue 2025 Total Budget 2Q 2025 Revenue Last Quarter Totals Year-to-date 2025 Revenues (Over)/Under Budget101-11-110-10-315-000 Annual Registration Tax $ 11,040.00 30,000.00 $ 2,200.00 $ 13,240.00 $ 16,760.00 $ 101-11-110-10-316-000 Business Licensee Fee 286,751.04 700,000.00 21,247.54 307,998.58 $ 392,001.42101-11-110-10-319-000 Penalties Revenue - 10,000.00 373,045.23 - $ 10,000.00 101-11-110-10-322-000 Transient Occupancy Tax 224,805.13 1,150,000.00 353,103.99 577,909.12 $ 572,090.88 101-11-110-10-325-000 SB-1186- State Tax 2,228.00 4,000.00 496.00 2,724.00 $ 1,276.00240-12-110-40-342-000 Uniform Fire Code Fee 15,456.00 40,000.00 3,144.00 18,600.00 $ 21,400.00 Total Budget 1,934,000.00 $ 540,280.17 $ 753,236.76 $ 920,471.70 $ 1,013,528.30 $ 1/15/2024
Business Licensee Report

Page 97 ends

Item 8.

COMMUNITY OUTREACH
Strategies implemented:

Added the event to the calendar on
Coachella.org
Created an event listing on Coachella.org and
boosted the post for heightened visibility
Organic social media posts were published in
advance of each event to build anticipation
Radio ads ran on La Poderosa, La Suavecita and
Jammin 99.5 from October 1st - November 1st
The individual event listings were boosted for
$1,000 total
PIO Report - Q4 2024
October through December brought a variety of community gatherings, the celebration of milestones and educational opportunities to our residents. Below is a breakdown of outreach efforts and strategies implemented to promote each one. events & marketing

MOVIES IN THE PARK
Strategies implemented:

WASTE COLLECTION EVENTS

Page 98 ends

Item 8.

Strategies implemented:

Adapted the City’s logo to include a taco to commemorate the event & ordered aprons bearing that logo as the main giveaway to attendees Added the event to the calendar on Coachella.org
Created an event listing on Coachella.org and boosted the post for heightened visibility
Radio ads ran on La Poderosa, La Suavecita and U92.7 from Sept 27th - October 19th
Ran a half page print ad ran in El Informador on October 17th Digital ads ran from Sept 27th - October 19th on YouTube targeting zip codes throughout the Coachella Valley
Promoted on three separate billboard locations
Organic social media posts were published three weeks ahead of the event to build anticipation
Billboard exposure (rotator and in city)
PIO Report - Q4 2024
events & marketing

TACOS, TEQUILA, & CHAVELAS FESTIVAL

Page 99 ends

Item 8.

PIO Report - Q4 2024
events & marketing
Strategies implemented:

Worked exclusively with the advertising
agency developing the outreach
campaign by providing the following
support:

Oversight of strategy, design & content
development and implementation
a.

Translation of all material (mailers,
FAQ sheets social media graphics,
presentations)
b.
c.Drafting radio scripts for production
Coordination of giveaways with the
advertising agency
d.

Presentation during select community
meetings of Measure Y content in
Spanish
e.

Developed social media graphics and
promoted all three community meetings
through the City’s Facebook, Instagram
and LinkedIn pages organically
Ran videos on Instagram promoting the
meetings and what Measure Y was all
about
Ran radio ads on La Suavecita and La
Poderosa to stimulate attendance

MEASURE Y COMMUNITY MEETINGS

Page 100 ends

Item 8.

PIO Report - Q4 2024
events & marketing
VETERAN’S PANCAKE BREAKFAST
Strategies implemented:

Added the event to the calendar on
Coachella.org
Coordinated with the Parks and Recreation
team to prepare event program
Organic social media posts were published
in advance of the event to build anticipation.

Ran radio ads on La Suavecita, La Poderosa
and U92.7 to stimulate attendance

HOLIDAY BICYCLE DRIVE
Strategies implemented:

Created a media alert to inform surrounding
media about our Holiday Bicycle Drive
Communicated with school staff in order to
coordinate bicycle and helmet donations.

Coordinated with finance department to
collect donations from participating staff
Spearheaded research and ordering of bikes
& helmets, and setup for the event
Orchestrated event at the Civic Center and
welcomed participating families to pick up
their bicycles and goodies.

Organic social media posts were published
following the event

Page 101 ends

Item 8.

PIO Report - Q4 2024
events & marketing
Strategies implemented:

Added the event to the calendar on
Coachella.org
Created a media alert to inform
surrounding media about the event
Provided local media with videos and
photos following the event for potential
coverage
Radio ads ran on La Poderosa, La
Suavecita and U92.7 from Nov. 25th -
Dec. 6th
Placed two combo half page ads in El
Informador promoting both events
A combo billboard was installed in City
promoting the event leading up to both
events
Developed social media graphics and
promoted both events through the City’s
Facebook, Instagram and LinkedIn pages
organically

ANNUAL CHRISTMAS TREE LIGHTING &

SKELLINGTON HOLIDAY PARADE
Develop the concept for both key giveaways
at the Tree Lighting Event -tied into the
parade theme:

A Little Golden Book of The Nightmare
Before Christmas with a custom insert
containing a message from the City
(crafted by the Public Information
Department)
A custom Pocket Pop ‘Jack Skellington’
keychain bearing the City’s logo

Page 102 ends

Item 8.

PIO Report - Q4 2024
IMPRESSIONS - An impression is counted as the number of times an instance of an ad is on screen for the first time. (Example: If an ad is on screen and someone scrolls down, and then scrolls back up to the same ad, that counts as 1 impression).

CLICKS - The number times that something is selected within the ad, by pressing a button or touching a screen.

REACH - The number of unique accounts that saw your ads at least once. Reach is different from impressions, which may include multiple views of your ads by the same accounts.

CLICKTHROUGH RATE (CTR) - is calculated as the number of clicks divided by the number of impressions.

VIEWS (OPENS) - measure how many people opened up your email and looked at it.

GLOSSARY OF TERMS
this might be helpful

Page 103 ends

Item 8.

Facebook

60.9%
Instagram

32.3%
LinkedIn

6.8%

COACHELLA INDIO LA QUINTA
PALM
DESERT
PALM

SPRINGS
INDIAN
WELLS
RANCHO
MIRAGE

CATHEDRAL
CITY
Instagram 7,469 23.1k 13.1k 989 6,303 13.6k N/A N/A
Linkedin 1,571 1,785 1,051 1,599 2,026 386 N/A 1,191
Facebook 14,000+ 30,000+ 59,000+ 6,000+ 18,000+ 2,300+ 4,200+ 13,600+

SOCIAL MEDIA UPDATE
Breakdown of Followers: Q3 (October - December 2024)
% of Growth :

Facebook:

Instagram:
14,095 followers - 4% growth
7,469 followers - 18.24% growth
LinkedIn: 1,571 followers - 13.43% growth

FOLLOWER COMPARISON CHART - CITY BY CITY
PIO Report - Q4 2024
The City continues to experience a steady increase in organic social media growth across the board, all prompted through the consistent posting of relevant content for residents and other followers of our pages.
digital reporting

Page 104 ends

Item 8.

1. CV High School - Representing at PD Golf Cart Parade

2. Covalda Apartments Announcement
PIO Report - Q4 2024
TOP 5 SOCIAL MEDIA POSTS
digital reporting

Page 105 ends

Item 8.

3. Annual Christmas Tree Lighting

4. Resident Community Clean-Up
PIO Report - Q4 2024
TOP 5 SOCIAL MEDIA POSTS, CONT’D
digital reporting

Page 106 ends

Item 8.

5. Thank you to Urban Conservation Corp
PIO Report - Q4 2024
TOP 5 SOCIAL MEDIA POSTS, CONT’D
digital reporting

Page 107 ends

Item 8.

WEBSITE ANALYTICS
Top Pages Visited:

PIO Report - Q4 2024

1.Departments/Utilities-Department/Payment-Options

2.About Us/Advanced-Components/Search

3./services/proposals-bids

4./city-government/city-council/mayor-hernandez

5./departments
digital reporting

Page 108 ends

Item 8.

WEBSITE ANALYTICS
Demographic Details (website visitors):

PIO Report - Q4 2024

1.Los Angeles - 10,547 visitors

2.Coachella - 3,544 visitors

3.Indio - 2,656 visitors

4.San Diego - 1,399 visitors

5.Riverside - 1,163 visitors
digital reporting

Page 109 ends

Item 8.

WEBSITE ANALYTICS
Devices used to view the website:

PIO Report - Q4 2024

1.Mobile/Phone - 25,021 sessions

2.Desktop - 18,702 sessions

3.Tablet - 611 sessions

4.Smart TV - 7 sessions
digital reporting

Page 110 ends

Item 8.

A huge goal for the end of 2024 was to publish our Resident Newsletter highlighting the City’s resident programs, new business, and a recap of our community engagement events.

The newsletter serves as a platform to share important updates, celebrate community achievements, and provide resources in both English and Spanish to ensure inclusivity and engagement.

In addition to the newsletter being shared via email, the newsletter was also formatted in print and delivered to resident homes in the 92236 area code.

On average a successful open rate is typically in the range of:
20-30% for most industries.

Higher (30-40%) for niche industries or highly engaged audiences.

Our resident newsletter averaged an open rate of 41.9% as it was emailed twice in both English and Spanish.

A successful click rate (the percentage of recipients who click on a link in your email) for a newsletter depends on the industry and audience engagement but generally falls within these ranges:
2-5%: Average across most industries.

Higher (5-10%): Indicates strong engagement, particularly for niche or highly targeted audiences.

Our resident newsletter averaged a click rate of 5% as it was emailed twice in both English and Spanish.

Below are more details pertaining to our newsletter analytics via MailChimp.

RESIDENT NEWSLETTER
PIO Report - Q4 2024
communications

Page 111 ends

Item 8.

NEWSLETTER ANALYTICS
PIO Report - Q4 2024
communications
https://www.coachella.org/citygovernment/commissionsand-committees/youth-commission1.

2.https://www.coachella.org/residents/broadband-internet https://www.coachella.org/residents/coachella-residentengagement-academy3.

4.https://cvwatercounts.com/academy/

5.https://www.facebook.com/yourcoachella
Spanish Newsletter (Most Engagement):

Page 112 ends

Item 8.

NEWSLETTER ANALYTICS
PIO Report - Q4 2024
communications

1.https://www.coachella.org/residents/broadband-internet https://www.coachella.org/residents/coachella-residentengagement-academy2. https://www.coachella.org/citygovernment/commissionsand-committees/youth-commission3.

4.https://cvwatercounts.com/academy/

5.https://www.facebook.com/yourcoachella
English Newsletter (Most Engagement):

Page 113 ends

Item 8.

Public Works Department
2024 Fourth Quarter Report
TO: Honorable Mayor and Council
FROM: Maritza Martinez, Public Works Director
DATE: February 1, 2025
SUBJECT: Quarterly Report
________________________________________________________________________ Departmental Mission:

In a balanced effort to maintain cost effective operations and provide maintenance and emergency response services in a reasonable and efficient manner, it is the mission of the Public Works Department to provide quality maintenance and repair of facilities and infrastructure for the City of Coachella community and its city departments.

Executive Summary:

The Public Works Department is responsible for the operations of our: facilities, fleet, landscape lighting and maintenance districts, parks, and streets. The Department is also the home to our Emergency Services Division and Recreation Division. As reflected below the Public Works Department staff responded to a myriad of requests as reflected below between October – December 2024.

Quantity
Streets Division
Illegal Dumping
8 (plus removal of 47 abandoned tires and 24 abandoned shopping carts) Homeless Camps 6
Training 4
Other Dept. Assists 9
Potholes 941
Patch service cuts 0
Sidewalk Repair 4 locations
Street Sign Main. 30 repairs
Street Light/New install
Repair/Electrical wire
installation
44 Repairs (plus re-ran 475 electrical conduit)
LED Upgrades Citywide = 50% complete

Page 114 ends

Item 8.

Parks/ LLMD / Building Main.

Facility Use Permits 171 permits (Library, Community Center & Upstairs Conference room) 49 permits (park shade structures)
38 permits (field rentals)
Overseeding/
Fertilization / New Sod
Applied 168 (50lbs) bags of Ever Green on turf areas
Spread 22,170 rye winter seed on all turf areas
Applied 200 tons of mulch on sport turf areas for overseeding and nutrients Park / LLMD Lighting 156 Fixture Repairs & Re-lamping (additionally 18 low vol. transformers replaced at Veterans Park)
Sprinkler/Irrigation
Repairs
60 Heads replaced due to leaking or broken.
325 adjustments to sprinkler heads
23 Valves
2 Main Lines
88 drip heads replaced
7 controllers replaced due to vandalism
Tree/Plant
Replacement
Tree Trimming = 1,018
Tree Removals = 18
Plant/Tree Installs = 1,371
HVAC Systems
Serviced / Repaired
35 and installed two new mini-splits for server room at Civic Center Building Repairs 37
Fire Extinguisher
Services
N/A
Floor Maintenance Deep cleaning library restroom flooring and library carpets.

Furniture Installs/
Assembly
28 Emergency Manag.

Reim Hurricane Hilary
Recovery (ongoing)
16 Projects Submitted to FEMA Grants Portal
2 Projects Submitted to Caltrans
Street Striping legends,
stops/stop bars & bumps
119
Traffic Control 9 jobs
Call outs 46
Weed Abatement
11 Weed Abatement
4 Grading Jobs
Special events 12
Streetlight Decor 66
Storm Drain Maintenance 16

Page 115 ends

Item 8.

Page 116 ends

Item 8.

Page 117 ends

Item 9.

Page 118 ends

Item 9.

Page 119 ends

Item 9.

Page 120 ends

Item 9.

Page 121 ends

Item 9.

Page 122 ends

Item 9.

Page 123 ends

Item 9.

Page 124 ends

Item 9.

Page 125 ends

Item 9.

Page 126 ends

Item 9.

Page 127 ends

Item 9.

Page 128 ends

Item 9.

Page 129 ends

Item 9.

Page 130 ends

Item 9.

Page 131 ends

Item 9.

Page 132 ends

Item 9.

Page 133 ends

Item 9.

Page 134 ends

Item 9.

Page 135 ends

Item 9.

Page 136 ends

Item 9.

Page 137 ends

Item 9.

Page 138 ends

Item 9.

Page 139 ends

Item 9.

Page 140 ends

Item 9.

Page 141 ends

Item 9.

Page 142 ends

Item 9.

Page 143 ends

Item 9.

Page 144 ends

Item 9.

Page 145 ends

Item 9.

Page 146 ends

Item 9.

Page 147 ends

Item 9.

Page 148 ends

Item 9.

Page 149 ends

Item 9.

Page 150 ends

Item 9.

Page 151 ends

Item 9.

Page 152 ends

Item 9.

Page 153 ends

Item 9.

Page 154 ends

Item 9.

Page 155 ends

Item 9.

Page 156 ends

Item 9.

Page 157 ends

Item 9.

Page 158 ends

Item 9.

STAFF REPORT
2/12/2025
TO: Honorable Mayor and City Council Members
FROM: Maritza Martinez, Public Works Director
SUBJECT: Authorize City Manager to execute a letter agreement with Zambelli Fireworks for a special event pyrotechnic program for the City’s 2025 Fourth of July program, in the amount of $52,000.

STAFF RECOMMENDATION:

Authorize the City Manager to execute a letter agreement with Zambelli Fireworks for special event pyrotechnic program for the City’s 2025 Fourth of July program, in the amount of $52,000.

EXECUTIVE SUMMARY:

Staff solicited bids for a twenty-minute pyrotechnic special event program for the 2025 Fourth of July Program. Staff is recommending the event date be July 3, 2025 (Thursday); last year the event was held on Wednesday, July 3. Please see the below responses received.

Vendor 20-minute Show Number of Shells
Zambelli Fireworks $52,000 N/A
Fireworks America Non-Responsive N/A
Pyro Spectacular Non-Responsive N/A
Staff is recommending authorization to award the 2025 Fourth of July pyrotechnic program to Zambelli Fireworks.

FISCAL IMPACT:

None.

Attachment: Proposed Letter Agreement

Page 159 ends

Item 10.

February 12, 2025
City of Coachella
53-990 Enterprise Way, Coachella, California 92236
Zambelli Fireworks Manufacturing Co.
120 Marshall Drive, Waffendale, PA 15086
Re: Letter of Agreement for 2025 Fourth of July Program Dear Mr. Hagan:

This letter shall be our Agreement regarding the July 3, 2025 Fireworks Display described below ('"Services") to be provided by Zambelli Fireworks Manufacturing Co., a corporation, ("Contractor") as an independent contractor to the City of Coachella for the City's 2024 Fourth of July Program ("Project").

The Services to be provided include the following: twenty-minute fireworks display on July 3, 2025 at Bagdouma Park. The Services to be provided are more particularly described in the Scope of Services attached hereto as Exhibit "A" and incorporated herein by reference.

Contractor shall perform all Services under this Letter of Agreement in a skillful and competent manner, consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California, and consistent with all applicable laws. Contractor represents that it, its employees and subcontractors have all licenses, permits, qualifications, and approvals of whatever nature that are legally required to perform the Services, including a City Business License, and that such licenses and approvals shall be maintained throughout the term of this Agreement. Compensation for the above services shall not exceed Fifty Two Thousand Dollars and No Cents ($52,000.00).

Contractor is aware of the requirements of California Labor Code Section 1720, et ., and 1770, et ., as well as California Code of Regulations, Title 8, Section 1600, et seq., ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on "public works" and "maintenance" projects. If the Services are being performed as part of an applicable "public works" or "maintenance" project, as defined by the Prevailing Wage Laws, and if the total compensation is $1,000 or more, Contractor agrees to fully comply with such Prevailing Wage Laws.

City shall provide Contractor with a copy of the prevailing rates of per diem wages in effect at the commencement of this Agreement. Contractor shall make copies of the prevailing rates of per diem wages for each craft, classification or type of worker needed to execute the Services available to interested parties upon request, and shal1 post copies at the Contractor's principal place of business and at the project site.

Contractor shall defend, indemnify and hold the City, its elected officials, officers, employees and agents free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws.

Contractor shall provide proof of commercial general liability and automobile insurance to the City in amounts and with policies, endorsements and conditions required by the City for the Services. lf Contractor is an employer or otherwise hires one or more employees during the term of this Project, Contractor shall also provide proof of workers' compensation coverage for such employees which meets all requirements of state law.
1

Page 160 ends

Item 10.

Invoices shall be submitted to the City as performance of the Services progresses. City shall review and pay the approved charges on such invoices in a timely manner. Services on the Project shall be completed on July 3, 2025. The City may terminate this Letter of Agreement up to June 3, 2025 without cause. Contractor may terminate this Letter of Agreement for cause only.

Contractor shall defend, indemnify and hold the City, its officials, officers, employees, agents, and volunteers free and harmless from any and all claims, demands, causes of action, expenses, liabilities, losses, damages, and injuries to property or persons, including wrongful death, in any manner arising out of or incident to any alleged negligent acts, omissions or willful misconduct of Contractor, its officials, officers, employees, agents, consultants, and contractors arising out of or in connection with the performance of the Services or this Agreement, including, without limitation, the payment of all consequential damages, attorneys fees and other related costs and expenses. To the fullest extent permitted by Contractor shall defend, indemnify and hold the City, its officials, officers, employees, volunteers, and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury, in law or equity, to property or persons, including wrongful death, in any manner arising out of, pertaining to, or relating to any negligence, errors or omissions, recklessness, or willful misconduct of Contractor, its officials, officers, employees, agents, consultants, and contractors arising out of or in connection with the performance of the Contractor's Services, including without limitation the payment of all consequential damages, expe1t witness fees, and attorney’s fees and other related costs and expenses.

Contractor shall defend, at Contractor's own cost, expense and risk, any and all such aforesaid suits, actions or other legal proceedings of every kind that may be brought or instituted against City, its directors, officials, officers, employees, agents, or volm1teers. Contractor shall pay and satisfy any judgment, award or decree that may be rendered against City or its directors, officials, officers, employees, agents, or volunteers, in any such suit, action or other legal proceeding. Contractor shall reimburse City and its directors, officials, officers, employees, agents, and/or volunteers, for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided. Contractor's obligation to indemnify shall not be restricted to insurance proceeds, if any, received by the City, its directors, officials officers, employees, agents, or volunteers.

If you agree with the terms of this Letter of Agreement, please indicate by signing and dating where indicated below. An original, executed copy of this Letter of Agreement is enclosed for your records.

CITY OF COACHELLA
Approved by:

CONTRACTOR
Reviewed and Accepted by Contractor:

William B. Pattison, Jr.

City Manager
Signature
Name
Title
Date
2

Page 161 ends

Item 10.

EXHIBIT ' A'
3 Page 162
Item 10.

City of Coachella Independence Day 2025
20 Minute Fireworks Celebration
Zambelli Fireworks
John Hagan
800-322-7142
502-220-7944
[email protected]
Shafter, CA

Page 163 ends

Item 10.

FIREWORKS PROPOSAL
City of Coachella
Bagdouma Park
2025 July Fireworks Celebration
Show Date Options: Thursday July 3, 2025
Show Budget: $52,000 * 20-minute display (an all-inclusive show budget).

Insurance Liability Coverage: $10 Million dollars per incident clause to cover the Fireworks Display. Zambelli uses the highest insurance premium in the industry, only offered to “AAA” rated companies.

State, Local and Federal Permits: Zambelli Fireworks will secure all necessary state, local and federal permits / required licenses.

Transportation Liability Coverage: $5 Million dollars as required by United States Department of Transportation. (DOT)
Workers Compensation: Pyrotechnicians will meet all of the requirements of the Workers Compensation Laws of California.

Site Security and Fire Protection: Customer will assist in providing site security and make arrangements with the Authorities Having Jurisdiction.

Transportation: Fireworks and equipment will be delivered by qualified CDL drivers with Haz-Mat endorsed licenses as required by US DOT.

Personnel: Zambelli Certified Pyrotechnicians and Trained Assistants; no subcontractors used.

Safety Procedures: Zambelli Fireworks adheres to all safety regulations.

NFPA 1123 code will be strictly enforced.

Page 164 ends

Item 10.
2025 CITY OF COACHELLA JULY FIREWORKS

SYNOPSIS FOR A TWENTY MINUTE DISPLAY
=================================================================

DEVICE DESCRIPTION QUANTITY
=================================================================

ZAMBELLI MULTI SHOT DEVICES (CAKES)
QUANTITY TWO EACH:
35 Shot Rainbow Dahlias w/Assorted Colored Tails 70
35 Shot Variegated Moons w/Titanium Reports and Tail 70 35 Shot Gold Brocade Waterfalls w/Gold Tails 70
35 Shot Green and Purple Moon Fan Box w/Green Tail 70
35 Shot Rainbow Crossettes w/Assorted Color Tails Fan Box 70 35 Shot Colorful Pears w/Reports 70
35 Shot Screaming Silver Dervish 70
QUANTITY FOUR EACH:
36 Shot Super Brocade w/Gold Tails Fan Box 144
36 Shot Rainbow Crossettes w/Assorted Color Tails Fan Box 144 36 Shot Variegated Chrysanthemum w/Palm and Silver Tails Fan Box 144 36 Shot Thunder Tourbillions w/Red and Blue Mines Fan Box 144 36 Shot Gold Brocade Waterfalls w/Gold Tails Fan Box 144 36 Shot Falling Leaves to Cracking Willow 144
36 Shot Crackling Coconut Palm with Color Pistil 144
QUANTITY FOUR EACH:
100 Shot Variegated Chrysanthemum w/Palm and Silver Tails 400 100 Shot Red Crackling and Green Glittering w/Purple Mines 400 100 Shot Silver Crackling Flowers w/Silver Tails 400
100 Shot Brocade Crown w/Brocade Tail 400
100 Shot Silver Bees 400
100 Shot Variegated Chrysanthemum w/Palm and Silver Tails 400 100 Shot Red Crackling and Green Glittering w/Purple Mines 400 QUANTITY TEN EACH:
400 Shot V -Shaped Special Effect Multi Shot Repeater 4000 408 Shot Z -Shaped Special Effect Multi Shot Repeater 4080 TOTAL NUMBER OF MULTI EFFECT SHOTS 12,378

TWO AND A HALF INCH DIAMETER SHELLS
Two and Half Inch Zambelli Specialty Shells 220
Two and Half Inch Palm Shells 200
Two and Half Inch Tourbillion Shells 200
Two and Half Inch Dahlia Shells 200
Two and Half Inch Chrysanthemum Shells 200
Two and Half Inch Serpent Effect Shells 200
Two and Half Inch Multi-Effect Shells 200
Two and Half Inch Zambelli Salute Shells 200
TOTAL NUMBER OF TWO AND HALF INCH DIAMETER SHELLS BODY 1620

ZAMBELLI GRAND FINALE
Two and Half Inch Assorted Color Finale Display Shells 220 Two and Half Inch Titanium Salute Report Shells 220
Two and Half Inch Zambelli Specialty Finale Display Shells 100 TOTAL NUMBER OF GRAND FINALE SHELLS 540

TOTAL NUMBER OF SHOTS/ SHELLS IN THE DISPLAY 14,538

Page 165 ends

Item 10.

SAMPLE

Page 166 ends

Item 10.

STAFF REPORT
2/12/2025
TO: Honorable Mayor and City Council Members
FROM: Celina Jimenez, Director of Economic Development
SUBJECT: Authorize a Structural Property Improvement Program (SPIP) Grant in the Amount of $20,000 to Farzana Qureshi (Indus Medical Center) for Improvements to the Property Located at 791 Orchard Street, Coachella, CA and Authorize the City Manager to Execute Associated Documents STAFF RECOMMENDATION:

Staff recommends that the City Council consider authorizing a Structural Property Improvement Program (SPIP) application for a forgivable matching grant of $20,000 to Farzana Qureshi, owner of Indus Medical Center, and authorize the City Manager to execute the associated documents on behalf of the City.

BACKGROUND:

The Structural Property Improvement Program (SPIP) is designed to incentivize private property owners to invest in seismic retrofits of their properties in the downtown Pueblo Viejo area. This forgivable matching grant uses some of the features used successfully by other California municipal governments to incentivize business/property owners to rehabilitate properties over the past 30 years.

The structure of an incentive program often determines its success and matching grant programs have the highest success rate as opposed to a low interest loan based programs. Downtown Revitalization often entails designing a program to meet the needs of the specific municipality’s circumstances. In a challenged commercial real estate market, with a high percentage of absentee investors as property owners, it can be difficult to reach significant adoption rates with low interest loan programs, as opposed to matching grant or forgivable loan programs.

DISCUSSION/ANALYSIS:

Indus Medical Project submitted final plans for tenant improvements and the complete exterior structural renovations for the old “Dr. Wade Medical Office” located at 791 Orchard Avenue (APN:
778-053-009). Staff subsequently coordinated with the owners as they reviewed prior building studies, title reports and design options needed to complete the seismic/structural work. Due to the SPIP policies and guidelines this property is eligible for Twenty Thousand ($20,000) dollars due to it having a frontage of over 90 linear feet.

Page 167 ends

Item 11.

The renovations also included a repaved parking lot, new landscaping/irrigation, trash enclosure, new stucco/plaster finish with new windows and awnings, a copper/patina wainscot, new gooseneck lamps and similar architectural features. Development Services staff worked with the applicant on final design detailing to be consistent with the Pueblo Viejo design guidelines and fast-tracked the renovation project. A certificate of occupancy was issued on January 22, 2022.

ALTERNATIVES:

1. Authorize a Structural Property Improvement Program (SPIP) Grant to Farzana Qureshi (Indus Medical Center) for Improvements of the Property Located at 791 Orchard Street, Coachella, CA and Authorize the City Manager to Execute Associated Documents

2. Do not approve the SPIP funding request.
(continued on next page)

Page 168 ends

Item 11.

FISCAL IMPACT:

The current action is authorizing $20,000 from the City’s General Fund Reserves.

Attachments:

1. Operating Covenant Agreement

2. Deed of Trust

3. Promissory Note

4. SPIP Application

5. Proof of Ownership

Page 169 ends

Item 11.
1 OPERATING COVENANT AGREEMENT
THIS OPERATING COVENANT AGREEMENT (this “Agreement”) is dated as __________, 2025 (“Effective Date”), and is entered into by and between the CITY OF COACHELLA, a California municipal corporation (“City”), and INDIVIDUAL, FARZANA QURESHI (“Owner”). The City and Owner (individually a “Party” and collectively, the “Parties”) enter into this Agreement with reference to the following recited facts (each a “Recital”):

RECITALS
A. The City has adopted a structural property improvement program (“SPIP”) to assist in the seismic retrofit of certain properties located in the downtown area of the City on Orchard Avenue in the Downtown Pueblo Viejo District, between 4
th Street and 6th Street. (“Program Area”); and
B. Owner owns a property located in the Program Area at 791 Orchard Avenue in the City of Coachella, California, as further described in Exhibit A attached hereto and incorporated herein by this reference (“Property”), and has performed or will have perform certain seismic retrofit and other improvements to the Property (the “Improvements”); and
C. Owner has requested financial assistance from the City in an amount of Twenty Thousand Dollars ($20,000.00) (“SPIP Loan”) for reimbursement of certain costs of the Improvements, and in consideration for the SPIP Loan, Owner has agreed to operate, or cause to be operated, a Business on the Property for the Operating Period (as defined below).

TERMS

NOW, THEREFORE, IN CONSIDERATION OF THE PROMISES AND COVENANTS SET FORTH IN THIS AGREEMENT, CITY AND OWNER AGREE, AS FOLLOWS:

1. Definitions. All initially capitalized terms used in this Agreement shall have the meanings set forth in this Section 1 or, if not defined in this Section 1, where such term first appears in this Agreement, unless the context of usage clearly requires another meaning.

1.1 Approval. Any license, permit, approval, consent, certificate, ruling, variance, authorization, conditional use permit, or amendment to any of the foregoing, as shall be necessary or appropriate under any applicable law to construct the Improvements or operate the Business.

1.2 Business. The business of the Owner, or of a tenant of the Owner, which is operated on the Property as of the date hereof, or such other business of the Owner, or a tenant of the Owner, as may be operated on the Property from time to time.

1.3 Deed of Trust. That certain Deed of Trust and Fixture Filing (With Security Agreement) dated as of the date hereof, executed by Owner, as trustor, in favor of the City, as beneficiary.

1.4 Improvements Completion Date. The later of the date on which the Owner is issued a Certificate of Occupancy or an approved final inspection by the City with respect to the Improvements.

1.5 Note. That certain Promissory Note dated as of the date hereof in the amount of the SPIP Loan, executed by Owner in favor of the City.

1.6 Operating Period. The time period beginning on the Improvements Completion Date and ending on the fifth (5th) anniversary of the Improvements Completion Date; provided that the Operating Period may be extended up to a maximum period of six (6) years from the Improvements Completion Date as provided in Section

Page 170 ends

Item 11.
2 1.7 Person. Any association, corporation, governmental entity or City, individual, joint venture, joint-stock company, limited liability company, partnership, trust, unincorporated organization or other entity of any kind.

2. Operating Covenant. Owner covenants to the City to continuously operate (for a period of not less than 8 hours per day for a minimum of four days per week), or cause a tenant of the Property (“Tenant”) to operate, a Business on the Property throughout the entirety of the Operating Period. Owner shall, for the entirety of the Operating Period, at Owner’s sole cost and expense (or at the expense of a Tenant, as applicable), obtain and maintain all franchises, permits, contractual arrangements, licenses, and registrations necessary for the continuous operation of the Business, or require the foregoing to be performed by a Tenant. Notwithstanding the foregoing, in the event the Business shall cease operation for any reason, Owner shall be permitted up to a period of six months to commence a new Business on the Property (or obtain a new Tenant to open a Business on the Property), provided that the Operating Period shall be extended by the same number of days as there was no Business in operation on the Property during such period; provided that in no event shall a Business not be in operation on the Property for more than six months during any twelve month period.

3. Other Agreements. The Agreement is being entered into concurrently with the execution of the Note and the Deed of Trust. The obligations of the Owner under this Agreement are secured by the Deed of Trust.

4. Forgiveness of SPIP Loan. Provided that Owner is not in default of this Agreement, City agrees to forgive the entire amount due on the SPIP Loan at the end of the Operating Period.

5. Defaults. The failure by Owner to perform any of its obligations set forth in this Agreement, which failure is not cured within thirty (30) days after the Owner’s receipt of written notice from the City that such obligation was not performed, shall constitute an event of default under this Agreement. Any event of default under this Agreement shall also constitute an event of default under the Note and the Deed of Trust, entitling the City to pursue any available legal or equitable action or remedy provided therein or by applicable law.

6. Indemnification.

6.1 Owner Indemnity Obligations. In addition to any other specific indemnification or defense obligations of the Owner set forth in this Agreement, the Owner agrees to indemnify, defend (upon written request by the City and with counsel reasonably acceptable to the City) and hold harmless the City, its governing board, commissions, agents, officers, employees and attorneys (the “Indemnified Parties”) from any and all losses, liabilities, charges, damages, claims, liens, causes of action, awards, judgments, costs and expenses (“Claims”), including, but not limited to reasonable attorney’s fees of counsel retained by the City, expert fees, costs of staff time, and investigation costs, of whatever kind or nature, that are in any manner directly or indirectly caused, occasioned or contributed to in whole or in part, through any act, omission, fault or negligence, whether active or passive, of the Owner or the Owner’s officers, agents, employees, independent contractors or subcontractors of any tier, relating in any manner to this Agreement. Without limiting the generality of the foregoing, the Owner’s obligation to indemnify the City shall include injury or death to any person or persons, damage to any property, regardless of where located, including the Property, of the City, any workers’ compensation or prevailing wage determination, claim or suit or any other matter arising from or connected with any goods or materials provided or services or labor performed regarding the Business on behalf of the Owner by any person or entity.

6.2 Survival of Indemnification and Defense Obligations. The indemnity and defense obligations of the Parties under this Agreement shall survive the expiration or earlier termination of this Agreement, until any and all actual or prospective Claims regarding any matter subject to an indemnity obligation under this Agreement are fully, finally, absolutely and completely barred by applicable statutes of limitations.

7. Governing Law. The substantive and procedural laws of the State of California shall govern the interpretation and enforcement of this Agreement, without application of conflicts or choice of laws principles.

8. Assignment. Owner may only assign its rights or obligations under this Agreement with the prior written consent of the City, which shall not be unreasonably withheld, delayed or conditioned.

Page 171 ends

Item 11.
3 9. No Effect on City’s Authority. Nothing in this Agreement shall limit or restrict the authority of the City to take any other actions with respect to the Business or the Property or Owner without notice to or consent from Owner, except as may otherwise be expressly provided by applicable law. The approval of this Agreement by the City shall not be binding on the City, or any other commission, committee, board or body of the City regarding any Approvals regarding the Property or the Business required by such bodies. No action by the City with reference to this Agreement or any related documents shall be deemed to constitute issuance or waiver of any required City Approval regarding the Property or Business.

10. Non-liability of City Officials and Employees. No elected official, officer, contractor, consultant, attorney, employee or agent of the City shall be personally liable to Owner, any voluntary or involuntary successor or assign of Owner, or any lender or other Person holding an interest in Owner, in the event of any default or breach of this Agreement by the City, or for any obligations of the City arising under this Agreement.

11. Notices.

11.1 Delivery. Any and all notices submitted by either Party to the other Party pursuant to or as required by this Agreement shall be in writing and addressed to the City or Owner (and their designated copy recipients) as set forth in Section 11.2. Notices (including any required copies) shall be delivered personally, by Federal Express, United Parcel Service or other nationally recognized overnight (one-night) courier service or by registered or certified United States mail, return receipt requested and postage prepaid, to the addresses set forth in Section 11.2, in which case they shall be deemed delivered on the date of delivery (or when delivery has been attempted twice, as evidenced by the written report of the courier service) to such address(es) or on the fourth (4th) day following deposit with the United States Postal Service for delivery. Either Party may change its address for delivery of notices by notice in compliance with this Agreement. Notice of a change of address shall be effective only upon receipt.

11.2 Addresses. The following are the authorized addresses for the submission of notices, demands or communications to the Parties, under this Agreement, as of the Effective Date:

To City: City of Coachella
53462 Enterprise Way
Coachella, CA 92236
Attention: Economic Development Director
With a copy to: Best Best & Krieger LLP
74-760 Hwy. 111, Suite 100
Indian Wells, CA 92210
Attention: Carlos Campos, Esq.

To Owner: Farzana Qureshi
35400 Bob Hope Drive, Suite 209
Rancho Mirage, CA 92270
Attention: Farzana Qureshi, Indus Medical Associates

12. Jurisdiction and Venue. The Parties each acknowledge and agree that this Agreement is entered into and is to be fully performed in the City of Coachella, County of Riverside, State of California, and that all legal actions arising from this Agreement shall be filed in the Superior Court of the State of California in and for the County of Riverside, California, or the United States District Court with jurisdiction in the County of Riverside, California.

13. Tax Consequences. Owner acknowledges that it may experience tax consequences as a result of its receipt of the SPIP Loan provided for in this Agreement, and any forgiveness thereof in accordance with the Agreement, and agrees that it shall bear any and all responsibility, liability, costs, and expenses connected in any way therewith.

14. Incorporation of Recitals. The Recitals of fact set forth preceding this Agreement are true and correct and are incorporated into this Agreement, in their entirety, by this reference.

Page 172 ends

Item 11.
4 15. Principles of Interpretation. No inference in favor of or against any Party shall be drawn from the fact that such Party has drafted any part of this Agreement. The Parties have both participated substantially in the negotiation, drafting, and revision of this Agreement, with advice from legal counsel and other advisers of their own selection. A term defined in the singular in this Agreement may be used in the plural, and vice versa, all in accordance with ordinary principles of English grammar, which also govern all other language in this Agreement.

The words “include” and “including” shall be construed to be followed by the words: “without limitation.” Each collective noun shall be interpreted as if followed by the words “(or any part of it),” except where the context clearly requires otherwise. Every reference to any document, including this Agreement, refers to such document as modified from time to time (excepting any modification that violates this Agreement), and includes all exhibits, schedules, addenda and riders to such document. The word “or” includes the word “and.”

16. Counterpart Originals; Integration. This Agreement may be executed in multiple counterpart originals, each of which is deemed to be an original, but all of which taken together shall constitute one and the same instrument. This Agreement and the exhibits attached to this Agreement, together with the Note and the Deed of Trust, represent the entire understanding of the Parties and supersede all previous negotiations, letters of intent, and memoranda of understanding or agreements between the Parties with respect to all or any part of the subject matter of this Agreement.

17. Severability. If any term or provision of this Agreement or its application to any Person or circumstance shall to any extent be invalid or unenforceable, then the remainder of this Agreement or the application of such term or provision to Persons or circumstances, except those as to which it is invalid or unenforceable, shall not be affected by such invalidity. All remaining provisions of this Agreement shall be valid and be enforced to the fullest extent permitted by applicable laws.

18. No Waiver. Failure by a Party to insist on any one occasion upon strict compliance with any of the terms, covenants or conditions of this Agreement shall not be deemed a waiver of such term, covenant or condition, nor shall any waiver or relinquishment of any rights or powers under this Agreement at any one time or more times be deemed a waiver or relinquishment of such right or power at any other time or times.

19. Time is of the Essence. Time is of the essence in the performance of the Parties’ obligations under this Agreement.

20. No Third Party Beneficiaries. The performances of the Parties’ respective obligations under this Agreement are not intended to benefit any Person other than the City and Owner, except as may be expressly provided otherwise in this Agreement. No Person not a signatory to this Agreement shall have any rights or causes of action against any Party to this Agreement as a result of that Party’s performance or non-performance under this Agreement, except as otherwise expressly provided in this Agreement.

21. Relationship of Parties. The Parties agree and intend that the City and Owner are independent contracting entities and do not intend by this Agreement to create any partnership, joint venture, or similar business arrangement, relationship or association between them.
[Signatures on following page]

Page 173 ends

Item 11.
5 SIGNATURE PAGE
TO

OPERATING COVENANT AGREEMENT
CITY:

CITY OF COACHELLA, a California municipal
corporation
By:

WILLIAM B. PATTISON
City Manager
Approved as to form:

Best, Best & Krieger LLP
By: _______________________________
City General Counsel
OWNER:

INDIVIDUAL
By:

FARZANA QURESHI
Owner

Page 174 ends

Item 11.

Exhibit A
EXHIBIT “A”
TO

OPERATING COVENANT AGREEMENT
Property Legal Description
.26 ACRES
Land Use: R-M, Residential Multiple Family
791 ORCHARD AVENUE, COACHELLA, CA 92236
APN: 778-053-009

COACHELLA
LOT/PARCEL 9,10, BLK 12
ZONING: R-S, RESIDENTIAL SINGLE FAMILY

Page 175 ends

Item 11.
1 RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:

City of Coachella
53990 Enterprise Way
Coachella, CA 92236
Attention: City Manager
Recorder's Use

DEED OF TRUST AND FIXTURE FILING
(With Security Agreement)
THIS DEED OF TRUST AND FIXTURE FILING (With Security Agreement) (as it may be amended and modified from time to time, the “Deed of Trust”) is made as of this ____ day of ________________, 2025 by Farzana Qureshi, whose address is 35400 Bob Hope Drive, Suite 209, Rancho Mirage, CA 92270 (referred to herein as “Trustor”), in favor of First American Title Company (“Trustee”), and for the benefit of CITY OF COACHELLA, a California municipal corporation (the “Beneficiary”), whose mailing address is 53990 Enterprise Way, Coachella, CA 92236.

FOR GOOD AND VALUABLE CONSIDERATION, including the indebtedness herein recited and the trust herein created, the receipt of which is hereby acknowledged, Trustor hereby irrevocably grants, transfers, conveys and assigns to Trustee, IN TRUST, WITH POWER OF SALE, for the benefit and security of Beneficiary, under and subject to the terms and conditions hereinafter set forth, that certain real property located in the City of Coachella, County of Riverside, State of California, more particularly described on Exhibit A attached hereto and incorporated herein by this reference (the “Premises”); TOGETHER WITH Trustor’s interest in any and all buildings and other improvements now or hereafter erected on the Premises including, without limitation, fixtures, attachments, appliances, equipment, machinery, and other personal property attached to such buildings and other improvements (the “Improvements”), all of which shall be deemed and construed to be a part of the real property; TOGETHER WITH all interests, estates or other claims, both in law and in equity, which Trustor now has or may hereafter acquire in the Premises or the Improvements including but not limited to all current and future air rights, development rights, zoning rights and other similar rights or interests, easements, roads, streets, alleys, sewer rights, and appurtenances related to or benefiting the Premises and/or the Improvements or both; TOGETHER WITH all easements, rights-of-way and other rights now owned or hereafter acquired by Trustor used in connection with the Premises or the Improvements or as a means of access thereto (including, without limitation, all rights pursuant to any trackage agreement and all rights to the nonexclusive use of common drive entries, and all tenements, hereditaments and appurtenances thereof and thereto) and all water and water rights and shares of stock evidencing the same;
TOGETHER WITH all leasehold estate, right, title and interest of Trustor in and to all leases or subleases covering the Premises or the Improvements or any portion thereof now or hereafter existing or entered into, and all right, title and interest of Trustor thereunder including, without limitation, all rights of Trustor against guarantors thereof, all cash or security deposits, advance rentals, and deposits or payments of similar nature (collectively, the “Leases”);

Page 176 ends

Item 11.
2 TOGETHER WITH all right, title and interest now owned or hereafter acquired by Trustor in and to any greater estate in the Premises or the Improvements;
TOGETHER WITH all right, title, and interest of Trustor in (i) all personal property (including, without limitation, all goods, supplies, equipment, furniture, furnishings, fixtures, machinery, inventory, and construction materials) in which Trustor now or hereafter acquires an interest or right, which is now or hereafter affixed to the Premises or the Improvements, and (ii) all proceeds thereof (such personal property and proceeds are referred to herein collectively as the “Personal Property”);
TOGETHER WITH all right, title and interest of Trustor, now owned or hereafter acquired, in and to any land lying within the right-of-way of any street, open or proposed, adjoining the Premises, and any and all sidewalks, alleys and strips and gores of land adjacent to or used in connection with the Premises; TOGETHER WITH all the estate, interest, right, title, other claim or demand, both in law and in equity (including, without limitation, claims or demands with respect to the proceeds of insurance in effect with respect thereto) that Trustor now has or may hereafter acquire in the Premises, the Improvements, the Personal Property, or any other part of the Trust Estate (as defined below), and any and all awards made for the taking by eminent domain, or by any proceeding of purchase in lieu thereof, of the whole or any part of the Trust Estate (including, without limitation, any awards resulting from a change of grade of streets and awards for severance damages); and TOGETHER WITH all proceeds of the foregoing.

The entire estate, property, right, title and interest hereby conveyed to Trustee may hereafter be collectively referred to as the “Trust Estate”.

FOR THE PURPOSE OF SECURING (in such order of priority as Beneficiary may elect) the following (the “Obligations”):
(a) Payment of indebtedness in the original principal amount of TWENTY THOUSAND DOLLARS ($20,000.00) (“Loan”), with interest thereon, evidenced by that certain promissory note of even date herewith (as it may be amended, modified, extended, and renewed from time to time, the “Note”) executed by Trustor, as maker, in favor of Beneficiary; (b) Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon equal to the interest rate as set forth in the Note (which rate of interest is hereinafter referred to as the “Agreed Rate”);
(c) Performance of every obligation of Trustor contained in the Loan Documents (as defined below); and
(d) Performance of every obligation of Trustor contained in the Operating Covenant Agreement dated of even date herewith (as it may be amended from time to time) (the “Operating Covenant Agreement”).

This Deed of Trust, the Note, the Operating Covenant Agreement and any other agreements or other instruments given to evidence or further secure the payment and performance of any or all of the Obligations, as the foregoing may be amended, modified, extended, or renewed from time to time may hereinafter be collectively referred to as the “Loan Documents”.

TRUSTOR HEREBY COVENANTS AND AGREES AS FOLLOWS:

ARTICLE I

COVENANTS AND AGREEMENTS OF TRUSTOR

1.01 Payment and Performance of Secured Obligations. Trustor shall pay when due and/or cause to be performed each of the Obligations.

Page 177 ends

Item 11.
3 1.02 Maintenance, Repair, Alterations. Trustor shall keep the Trust Estate in good condition and repair.

Except as provided herein, Trustor shall not remove, demolish, or substantially alter any of the Improvements, except with the prior written consent of Beneficiary, which consent shall not be unreasonably withheld; provided, however, that Trustor may remove items in the ordinary course of operations, provided that such items are replaced with items similar in quality and value to the original condition of the items so removed and Beneficiary continues to have a perfected security interest therein. Trustor shall complete promptly and in a good and workmanlike manner any Improvement that may be now or hereafter constructed on the Premises and promptly restores in like manner any Improvements that may be damaged or destroyed from any cause whatsoever and pay when due all claims for labor performed and materials furnished therefor. Trustor shall comply with all Requirements (as defined below) and shall not suffer to occur or exist any violation of any Requirement. Trustor shall not commit or permit any waste or deterioration of the Trust Estate, and, to the extent allowed by law, shall keep and maintain abutting grounds, sidewalks, roads, parking and landscape areas in good and neat order and repair. Trustor shall perform its obligations under each Lease. “Requirement” and “Requirements” mean, respectively, each and all obligations and requirements now or hereafter in effect by which Trustor or the Trust Estate are bound or which are otherwise applicable to the Trust Estate, construction of any Improvements on the Trust Estate, or operation, occupancy or use of the Trust Estate (including, without limitation (i) such obligations and requirements imposed by common law or any law, statute, ordinance, regulation, or rule (federal, state, or local), and (ii) such obligations and requirements of, in, or in respect of (A) any consent, authorization, license, permit, or approval relating to the Trust Estate, (B) any condition, covenant, restriction, easement, or right-of-way reservation applicable to the Trust Estate, (C) any Lien or Encumbrance, (D) any other agreement, document, or instrument to which Trustor is a party or by which Trustor or the Trust Estate is bound or affected, and (E) any order, writ, judgment, injunction, decree, determination, or award of any arbitrator, other private adjudicator, court, government, or governmental authority (federal, state, or local) to which Trustor is a party or by which Trustor or the Trust Estate is bound or affected).

1.03 Required Insurance. Trustor shall at all times provide, maintain and keep in force or cause to be provided, maintained and kept in force with respect to the Trust Estate, at no expense to Trustee or Beneficiary, policies of insurance in forms and amounts and issued by companies reasonably satisfactory to Beneficiary covering such casualties, risks, perils, liabilities and other hazards as is reasonably required by Beneficiary. All such policies of insurance required by the terms of this Deed of Trust shall contain an endorsement or agreement by the insurer that any loss shall be payable in accordance with the terms of such policy notwithstanding any act or negligence of Trustor or any party holding under Trustor that might otherwise result in forfeiture of said insurance and the further agreement of the insurer waiving all rights of setoff, counterclaim or deductions against Trustor, other than deductibles reasonably approved by Beneficiary.

1.04 Indemnification; Subrogation; Waiver of Offset
(a) If Beneficiary is made a party to or is threatened with any litigation concerning the Note, this Deed of Trust, any of the Loan Documents, the Trust Estate or any part thereof or interest therein, or the occupancy of the Trust Estate by Trustor, then Trustor shall indemnify, defend and hold Beneficiary harmless for, from and against all liability by reason of said threat and/or litigation, including reasonable attorneys' fees and expenses incurred by Beneficiary as a result of any such threat and/or litigation, whether or not any such threat and/or litigation is prosecuted to judgment. Beneficiary may employ an attorney or attorneys to protect its rights hereunder, and in the event of such employment following any breach of the foregoing obligation by Trustor, Trustor shall pay Beneficiary reasonable attorneys' fees and expenses incurred by Beneficiary, whether or not an action is actually commenced against Trustor by reason of its breach.
(b) Trustor waives any and all right to claim or recover against Beneficiary, its successors and assigns, their directors, officers, employees, agents and representatives, for loss of or damage to Trustor, the Trust Estate, Trustor's property or the property of others under Trustor's control from any cause insured against or required to be insured against by this Deed of Trust. (c) All sums payable by Trustor pursuant to this Deed of Trust shall be paid without notice (except for such notice as may be expressly required hereunder or under the other Loan Documents), demand, counterclaim, setoff, deduction or defense and without abatement, suspension, deferment, diminution or reduction, and the obligations and liabilities of Trustor hereunder shall in no way be released, discharged or otherwise affected (except as expressly provided herein) by reason of: (i) any damage to or

Page 178 ends

Item 11.
4 destruction of or any condemnation or similar taking of the Trust Estate or any part thereof; (ii) any restriction or prevention of or interference by any Person (as defined below) with any use of the Trust Estate or any part thereof; (iii) any title defect or encumbrance or any eviction from the Premises or the Improvements or any part thereof by title paramount or otherwise; (iv) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding relating to Beneficiary, or any action taken with respect to this Deed of Trust by any trustee or receiver of Beneficiary, or by any court, in any such proceeding; (v) any claim that Trustor has or might have against Beneficiary; (vi) any default or failure on the part of Beneficiary to perform or comply with any of the terms of the Loan Documents or of any other agreement with Trustor; or (vii) any other occurrence whatsoever, whether similar or dissimilar to the foregoing; whether or not Trustor shall have notice or knowledge of any of the foregoing. Except as expressly provided herein, Trustor waives all rights now or hereafter conferred by statute or otherwise to any abatement, suspension, deferment, diminution or reduction of any sum secured hereby and payable by Trustor. “Person” means any natural person, any unincorporated association, any corporation, any partnership, any joint venture, any trust, any other legal entity, or any governmental authority (federal, state, local or foreign).

1.05 Impositions. Trustor shall pay, or cause to be paid, at least ten (10) days prior to delinquency, all real property taxes and assessments, general and special, and all other taxes and assessments of any kind or nature whatsoever, (including, without limitation, non-governmental levies or assessments such as maintenance charges, levies, or charges resulting from covenants, conditions and restrictions affecting the Trust Estate) that are assessed or imposed upon the Trust Estate or become due and payable and that create, may create, or appear to create a lien upon the Trust Estate (the above are sometimes referred to herein individually as an “Imposition” and collectively as “Impositions”), provided, however, that if by law any Imposition is payable, or may at the option of the taxpayer be paid, in installments, Trustor may pay the same or cause it to be paid, together with any accrued interest on the unpaid balance of such Imposition, in installments as the same becomes due and before any fine, penalty, interest, or cost may be added thereto for the nonpayment of any such installment and interest.

1.06 Actions Affecting Trust Estate. Trustor shall appear in and contest any action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee; and shall pay all reasonable costs and expenses (including, without limitation, costs of evidence of title, litigation, and reasonable attorneys' fees) in any such action or proceeding in which Beneficiary or Trustee may appear.

1.07 Actions By Trustee or Beneficiary. If Trustor fails to make any payment or to do any act as and in the manner provided in any of the Loan Documents, after the giving of any required notice under the Loan Documents and the expiration of any applicable cure periods, Beneficiary and/or Trustee, each in its absolute and sole discretion, without obligation so to do, without releasing Trustor from any obligation, may make or do the same in such manner and to such extent as either may deem necessary or appropriate. In connection therewith (without limiting their general powers, whether conferred herein, in another Loan Document or by law), Beneficiary and Trustee shall have and are hereby given the right, but not the obligation, (a) to enter upon and take possession of the Trust Estate; (b) to make additions, alterations, repairs and improvements to the Trust Estate that they or either of them may consider reasonably necessary or appropriate to keep the Trust Estate in good condition and repair; (c) to appear and participate in any action or proceeding affecting or which may affect the security hereof or the rights or powers of Beneficiary or Trustee; (d) to pay, purchase, contest or compromise any Lien or Encumbrance (as defined below) or alleged Lien or Encumbrance whether superior or junior to this Deed of Trust; and (e) in exercising such powers, to pay necessary reasonable expenses (including, without limitation, expenses of employment of counsel or other necessary or desirable consultants). Trustor shall, immediately upon demand therefor by Beneficiary and Trustee or either of them, pay to Beneficiary and Trustee an amount equal to all respective reasonable costs and expenses incurred by them in connection with the exercise by either Beneficiary or Trustee or both of the foregoing rights (including, without limitation, costs of evidence of title, court costs, appraisals, surveys and receiver's, trustee's and reasonable attorneys' fees) together with interest thereon from the date of such expenditures at the Agreed Rate.

1.08 Transfer of Trust Estate by Trustor. Trustor agrees that, in the event of any Transfer (as hereinafter defined), without the prior written consent of Beneficiary, Beneficiary shall have the absolute right, at its option, without prior demand or notice, to declare all sums secured hereby immediately due and payable. Consent to one such transaction shall not be deemed to be a waiver of the right to require consent to future or successive transactions. Beneficiary may grant or deny such consent in its sole discretion and, if consent should be given, any

Page 179 ends

Item 11.
5 such Transfer shall be subject to this Deed of Trust, and such transferee shall assume all obligations hereunder and agree to be bound by all provisions contained herein. Such assumption shall not, however, release Trustor or any maker of the Note from any liability thereunder without the prior written consent of Beneficiary. As used herein, “Transfer” shall mean any sale, transfer, conveyance, assignment, hypothecation, mortgage, encumbrance, lease (with a term of more than three (3) years) or vesting of the Trust Estate or any part thereof or interest therein to or in any person, firm or entity, whether voluntary, involuntary, by operation of law, or otherwise.

1.09 Eminent Domain.
(a) In the event that any proceeding or action be commenced for the taking of the Trust Estate, or any part thereof or interest therein, for public or quasi-public use under the power of eminent domain, condemnation (including, without limitation, inverse condemnation) or otherwise (hereinafter collectively referred to as a “Taking”), or if the same be taken or damaged by reason of any public improvement or Taking, or should Trustor receive any notice or other information regarding such Taking or damage, Trustor shall give prompt written notice thereof to Beneficiary. All compensation, awards, damages, rights of action and proceeds awarded to Trustor by reason of any such Taking or damage or received by Trustor as the result of a transfer in lieu of a Taking (the “Condemnation Proceeds”) are hereby assigned to Beneficiary, and Trustor agrees to execute such further assignments of the Condemnation Proceeds as Beneficiary or Trustee may require. If Trustor receives any Condemnation Proceeds, Trustor shall promptly pay over such proceeds to Beneficiary. Beneficiary is hereby authorized and empowered by Trustor, at Beneficiary's option and in Beneficiary's sole discretion, as attorney-in-fact for Trustor, to settle, adjust, or compromise any claim for loss or damage in connection with any Taking or proposed Taking and, without regard to the adequacy of its security, to commence, appear in and prosecute in its own name and/or on behalf of Trustor any such action or proceeding arising out of or relating to a Taking or proposed Taking; provided, however, that so long as no Event of Default is continuing, Trustor shall be entitled to reasonably participate in any action, proceeding or settlement relating to such Taking. (b) Condemnation proceeds shall be subject to and disbursed for the repair and restoration of the Trust Estate under such terms and conditions as may be reasonably required by Beneficiary, or upon the occurrence and during the continuance of an Event of Default, such proceeds may be applied to the Obligations at Beneficiary’s election.

1.10 Additional Security. No other security now existing, or hereafter taken, to secure the obligations secured hereby shall be impaired or affected by the execution of this Deed of Trust. All security for the Obligations from time to time shall be taken, considered and held as cumulative. Any taking of additional security, execution of partial releases of the security, or any extension of the time of payment of, or modification of other terms of any of the Obligations shall not diminish the force, effect or lien of this Deed of Trust and shall not affect or impair the liability of any maker, guarantor, surety or endorser for the payment or performance of any of the Obligations. In the event Beneficiary at any time holds additional security for any of the Obligations, it may enforce the sale thereof or otherwise realize upon the same, at its option, either before, concurrently with, or after a sale or realization is made hereunder.

1.11 Appointment of Successor Trustee. Beneficiary may, from time to time, by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in the county in which the Trust Estate is located and by otherwise complying with the provisions of applicable law, substitute a successor or successors to any Trustee named herein or acting hereunder, and such successor(s) shall, without conveyance from the Trustee predecessor, succeed to all title, estate, rights, powers and duties of such predecessor.

1.12 Inspections. Subject to the rights of tenants at the Trust Estate, during normal business hours and upon reasonable advance notice (except in the event of an emergency, in which event entry shall not be limited to normal business hours and no advance notice shall be necessary), Beneficiary, and its agents, representatives, officers, and employees, are authorized to enter at any reasonable time upon or in any part of the Trust Estate for the purpose of inspecting the same and for the purpose of performing any of the acts Beneficiary is authorized to perform hereunder or under the terms of any of the Loan Documents.

1.13 Ownership. Trustor is, and as to any portion of the Trust Estate acquired hereafter will upon such acquisitions be, and shall remain the owner of the Trust Estate.

Page 180 ends

Item 11.
6 1.14 Trustee's Powers. At any time, or from time to time, without liability therefor and without notice, upon written request of Beneficiary and presentation of this Deed of Trust and without affecting the personal liability of any person for payment of the Obligations or the effect of this Deed of Trust upon the remainder of said Trust Estate, Trustee may (a) reconvey any part of said Trust Estate, (b) consent in writing to the making of any map or plat thereof, (c) join in granting any easement thereon, or (d) join in any extension agreement or any agreement subordinating the lien or charge hereof. Upon payment of all amounts due under the Obligations, Trustee and Beneficiary shall record a release and reconveyance of this Deed of Trust.

1.15 Beneficiary's Powers. Without affecting the liability of any Person liable for the payment of the Obligations herein mentioned, and without affecting the lien or charge of this Deed of Trust upon any portion of the Trust Estate not then or theretofore released as security for the Obligations, Beneficiary may, from time to time and without notice (a) release any person so liable, (b) extend the Obligations, (c) grant other indulgences, (d) release or reconvey, or cause to be released or reconveyed, at any time at Beneficiary's option any parcel, portion or all of the Trust Estate, (e) take or release any other or additional security or any guaranty for any Obligation herein mentioned, or (f) make compositions or other arrangements with debtors in relation thereto.

ARTICLE II

ENVIRONMENTAL PROVISIONS

2.01 Definitions.
“De Minimis Amounts” shall mean any Hazardous Substance either (1) being transported on or from the Premises or being stored for use on the Premises within a year from original arrival on the Premises in accordance with industry practice or (2) used that both (a) does not constitute a violation of any Environmental Law and (b) is consistent with customary business practice in the state where the Premises is located. “Hazardous Substance”: (a) any oil, flammable substance, explosive, radioactive material, hazardous waste or substance, toxic waste or substance or any other waste, material, or pollutant that: (i) poses a hazard to the Trust Estate or to persons on the Trust Estate, or (ii) causes the Trust Estate to be in violation of any Hazardous Substance Law; (b) asbestos in any form; (c) urea formaldehyde foam insulation; (d) transformers or other equipment that contain dielectric fluid containing levels of polychlorinated biphenyls; (e) radon gas; (f) any chemical, material, or substance defined as or included in the definition of "hazardous substance," "hazardous substances," "hazardous wastes," "hazardous materials, "extremely hazardous waste," restricted hazardous waste," or "toxic substances" or words of similar import under any applicable local, state, or federal law or under the regulations adopted or publications promulgated pursuant to those laws, including, but not limited to, any Hazardous Substance Law, and/or any other chemical, material, or substance that may pose a hazard to the environment. “Hazardous Substance Claim”: Any enforcement, cleanup, removal, remedial, or other governmental, regulatory, or private actions, agreements, or orders threatened, instituted, or completed pursuant to any Hazardous Substance Law, together with all claims made or threatened by any third party against Trustor or the Trust Estate relating to damage, contribution, cost-recovery compensation, loss, or injury resulting from the presence, release or discharge of any Hazardous Substance.
“Hazardous Substance Law”: Any federal, state, or local law, ordinance, regulation, or policy relating to the environment, health, and safety now or hereafter existing, any Hazardous Substance (including, without limitation, the use, handling, transportation, production, disposal, discharge, or storage of the substance), industrial hygiene, soil, groundwater, and indoor and ambient air conditions or the environmental conditions on the Trust Estate, including, without limitation, the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 [42 USCS §§ 9601 et seq.], as amended from time to time; the Hazardous Substances Transportation Act [49 USCS §§ 1801 et seq.], as amended from time to time; the Resource Conservation and Recovery Act [42 USCS §§ 6901 et seq.], as amended from time to time; and the Federal Water Pollution Control Act [33 USCS §§ 1251 et seq.], as amended from time to time.
“Release”: Any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, or disposing into the environment, including continuing migration, of Hazardous Substances that

Page 181 ends

Item 11.
7 goes into the soil, surface water, or groundwater of the Premises, whether or not caused by, contributed to, permitted by, acquiesced to, or known to Trustor.

2.02 Representations and Warranties. Except as disclosed in writing to Beneficiary or in any environmental reports delivered to Beneficiary as of the date of this Deed of Trust, Trustor represents and warrants that:
(a) During the period of Trustor's ownership of the Premises: (i) except for De Minimis Amounts, there has been no use, generation, manufacture, storage, treatment, disposal, discharge, Release, or threatened Release of any Hazardous Substance by Trustor or, to Trustor’s knowledge, any person on or around the Premises, and (ii) except for De Minimis Amounts, there have been no Hazardous Substances transported over or through the Premises by Trustor or, to Trustor’s knowledge, any person; (b) After diligent inquiry, Trustor has no knowledge of, or reason to believe that, there has been:(i) other than De Minimis Amounts, any use, generation, manufacture, storage, treatment, disposal, Release, or threatened Release of any hazardous waste or substance by any prior owners or prior occupants of the Premises or by any third parties onto the Premises, or (ii) any actual or threatened litigation or claims of any kind by any person relating to these matters;
(c) To Trustor’s knowledge, no Hazardous Substances in excess of permitted levels or reportable quantities under applicable Hazardous Substance Laws are present in or about the Premises or any nearby real property that could migrate to the Premises; (d) To Trustor’s knowledge, no Release or threatened Release exists or has occurred; (e) To Trustor’s knowledge, no underground storage tanks of any kind are or ever have been located in or about the Premises;
(f) To Trustor’s knowledge, the Premises and all operations and activities at, and the use and occupancy of, the Premises comply with all applicable Hazardous Substance Laws; (g) Trustor and, to Trustor’s knowledge, every prior use of the Premises has, and is now in strict compliance with, every permit, license, and approval required by all applicable Hazardous Substance Laws for all activities and operations at, and the use and occupancy of, the Premises; (h) To Trustor’s knowledge, there are no Hazardous Substance Claims pending or threatened with regard to Premises or against Trustor;
(i) To Trustor’s knowledge, the Premises has not been nor is it within 2,000 feet of any other property designated as hazardous waste property or border zone property pursuant to California Health and Safety Code §§ 25220 et seq., and no proceedings for a determination of this designation are pending or threatened;
(j) To Trustor’s knowledge, there exists no occurrence or condition on any real property adjoining or within 2,000 feet of the Premises that would cause the Premises or any part of it to be designated as hazardous waste property or border zone property under the provisions of California Health and Safety Code §§ 25220 et seq. and any regulation adopted in accordance with that section; and (k) To Trustor’s knowledge, any written disclosure submitted by or on behalf of Trustor to Beneficiary concerning any Release or threatened Release, past or present compliance by Trustor, or any User or other person of any Hazardous Substance Laws applicable to the Premises, the past and present use and occupancy of the Premises, and any environmental concerns relating to the Premises, was true and complete when submitted and continues to be true and complete as of the date of this Deed of Trust.

2.03 Covenants. Trustor agrees, except in the ordinary course of business and in strict compliance with all applicable Hazardous Substance Laws, as follows: (a) not to cause or permit the property to be used as a site for the use, generation, manufacture, storage, treatment, Release, discharge, disposal, transportation, or presence of any

Page 182 ends

Item 11.
8 Hazardous Substance; (b) not to cause, contribute to, permit, or acquiesce in any Release or threatened Release; (c) not to change or modify the use of the Premises without the prior written consent of Beneficiary; (d) to comply with and to cause the Premises and every current user of the Premises to comply with all Hazardous Substance Laws; (e) upon becoming aware of the same, to immediately notify Beneficiary in writing of and to provide Beneficiary with a reasonably detailed description of: (i) any noncompliance of the Premises with any Hazardous Substance Laws; (ii) any Hazardous Substance Claim; (iii) any Release or Threatened Release; (iv) the discovery of any occurrence or condition on any real property adjoining or in the vicinity of the Premises that would cause the Premises or any part of it to be designated as "hazardous waste property" or "border zone property" under the provisions of Health and Safety Code §§ 25220 et seq. and any regulation adopted in accordance with that section; (f) if Trustor discovers a Release or the presence of any Hazardous Substance on or about the Premises in violation of any Hazardous Substance Law, to: (i) notify Beneficiary of that discovery together with a reasonably detailed description; (ii) engage promptly after a request by Beneficiary, a qualified environmental engineer reasonably satisfactory to Beneficiary to investigate these matters and prepare and submit to Beneficiary a written report containing the findings and conclusions resulting from that investigation, all at the sole expense of Trustor, and (iii) take, at Trustor's sole expense, all necessary actions to remedy, repair, clean up, or detoxify any Release or Hazardous Substance, including, but not limited to, any remedial action required by any Hazardous Substance Laws or any judgment, consent, decree, settlement, or compromise in respect of any Hazardous Substance Claims, these actions to be performed: (A) in accordance with Hazardous Substance Laws, (B) in a good and proper manner, (C) under the supervision of a qualified environmental engineer approved in writing by Beneficiary, which approval shall not be unreasonably withheld, in accordance with plans and specifications for these actions approved in writing by Beneficiary, which approval shall not be unreasonably withheld, and (E) using licensed and insured qualified contractors approved in writing by Beneficiary, which approval shall not be unreasonably withheld; (g) immediately furnish to Beneficiary copies of all written communications received by Trustor from any governmental authority or other person or given by Trustor to any person and any other information Beneficiary may reasonably request concerning any Release, threatened Release, Hazardous Substance Claim, or the discovery of any Hazardous Substance on or about the Premises in violation of any Hazardous Substance Law; and (h) keep Beneficiary generally informed regarding any Release, threatened Release, Hazardous Substance Claim, or the discovery of any Hazardous Substance on or about the Premises in violation of any Hazardous Substance Law.

2.04 Inspection and Receivership Rights. Upon Beneficiary's reasonable belief of the existence of a past or present Release or threatened Release not previously disclosed by Trustor in connection with the making of the Loan or the execution of this Deed of Trust or upon Beneficiary's reasonable belief that Trustor has failed to comply with any environmental provision of this Deed of Trust or any other Loan Document and upon reasonable prior notice (except in the case of an emergency) to Trustor, Beneficiary or its representatives, employees, and agents, may from time to time and at all reasonable times (or at any time in the case of an emergency) enter and inspect the Trust Estate and every part of it (including all samples of building materials, soil, and groundwater and all books, records, and files of Trustor relating to the Trust Estate) and perform those acts and things that Beneficiary reasonably deems necessary or desirable to inspect, investigate, assess, and protect the security of this Deed of Trust, for the purpose of determining:
(a) The existence, location, nature, and magnitude of any such past or present Release or threatened Release,
(b) The presence of any Hazardous Substances on or about the Trust Estate in violation of any Hazardous Substance Law, and
(c) The compliance by Trustor of every environmental provision of this Deed of Trust and every other Loan Document.

In furtherance of the purposes above, without limitation of any of its other rights, Beneficiary may: (i) obtain a court order to enforce Beneficiary's right to enter and inspect the Trust Estate; and/or (ii) to have a receiver appointed to enforce Beneficiary's right to enter and inspect the Trust Estate for the purpose set forth above.

All costs and expenses incurred by Beneficiary pursuant to this Section 2.04 with respect to the audits, tests, inspections, and examinations that Beneficiary or its agents, representatives, or employees may conduct, including the fees of the engineers, laboratories, contractors, consultants, and attorneys, will be paid by Trustor. All costs or expenses incurred by Trustee and Beneficiary pursuant to this Section (including without limitation court

Page 183 ends

Item 11.
9 costs, consultant's fees, and attorney fees, whether incurred in litigation and whether before or after judgment) will bear interest at the Agreed Rate from the date they are incurred until those sums have been paid in full. Except as provided by law, any inspections or tests made by Beneficiary or its representatives, employees, and agents will be for Beneficiary's purposes only and will not be construed to create any responsibility or liability on the part of Beneficiary to Trustor or to any other person. Beneficiary will have the right, but not the obligation, to communicate with any governmental authority regarding any fact or reasonable belief of Beneficiary that constitutes or could reasonably be expected to constitute a breach of any of Trustor's obligations under any environmental provision contained in this Deed of Trust or any Loan Document; provided, however, that Beneficiary shall provide Trustor with reasonable advance notice of any such communication.

2.05 Release and Indemnity. Trustor hereby:
(a) Releases and waives any future claims against Beneficiary for indemnity or contribution in the event Trustor becomes liable for cleanup or other costs under any Hazardous Substance Laws or under any Hazardous Substance Claim; provided, however, that the foregoing release and waiver shall not apply to Hazardous Materials that were Released on the Premises during the time that Beneficiary or its nominee holds title to the Premises;
(b) Agrees to reimburse Beneficiary, on demand, for all costs and expenses incurred by Beneficiary in connection with any review, approval, consent, or inspection relating to the environmental provisions in this Deed of Trust together with interest and which are reimbursable to Beneficiary pursuant to the terms of this Deed of Trust, after demand, at the Agreed Rate; and (c) Agrees to indemnify, defend, and hold Beneficiary and Trustee harmless from all losses, costs, claims, damages, penalties, liabilities, causes of action, judgments, court costs, reasonable attorney fees and other reasonable legal expenses, costs of evidence of title, cost of evidence of value, and other reasonable expenses (collectively, "Expenses"), including, but not limited to, any Expenses incurred or accruing after the foreclosure of the lien of this Deed of Trust, which either may suffer or incur and which directly or indirectly arises out of or is in any way connected with the breach of any environmental provision either in this Deed of Trust or in any Loan Document or as a consequence of any Release or threatened Release on the presence, use, generation, manufacture, storage, disposal, transportation, Release, or threatened Release of any Hazardous Substance on or about the Trust Estate, including the soils and ground waters, caused or permitted by Trustor, any prior owner or operator of the Trust Estate, any adjoining landowner or any other party, including, without limitation, the cost of any required or necessary repair, cleanup, remedy, or detoxification of any Hazardous Substance and the preparation of any closure, remedial action, or other required plans, whether that action is required or necessary by reason of acts or omissions occurring prior to or following the recordation of this Deed of Trust.

Trustor's obligations will survive the satisfaction, release, or cancellation of the Obligations, the release and reconveyance or partial release and reconveyance of this Deed of Trust, and the foreclosure of the lien of this Deed of Trust or deed in lieu of the Deed of Trust. Notwithstanding anything contained herein to the contrary, the foregoing indemnity shall not apply to (i) matters resulting from the gross negligence or willful misconduct of Beneficiary or Trustee, or (ii) matters resulting solely from the actions of Beneficiary or Trustee taken after such parties have taken title to, or exclusive possession of the Premises, provided that, in both cases, such matters shall not arise from or be accumulated with any condition of the Premises, which condition was not caused by Beneficiary or Trustee.

2.06 Requests for Information. Trustor and Beneficiary agree that:
(a) This Section 2.06 is intended as Beneficiary's written request for information and Trustor's written response concerning the environmental condition of the Trust Estate as provided by California Code of Civil Procedure § 726.5; and
(b) Each representation, warranty, covenant, or indemnity made by Trustor in this Article or in any other provision of this Deed of Trust or any Loan Document that relates to the environmental condition of the Trust Estate is intended by Trustor and Beneficiary to be an "environmental provision" for purposes of California Code of Civil Procedure § 736 and will, subject to the limitations set forth in Section

Page 184 ends

Item 11.
10 2.05 above with respect to the indemnity set forth therein, survive the payment of the Obligations and the termination or expiration of this Deed of Trust and will not be affected by Beneficiary's acquisition of any interest in the Trust Estate, whether by full credit bid at foreclosure, deed in lieu of that, or otherwise. If there is any Transfer of any portion of Trustor's interest in the Trust Estate, any successor in interest to Trustor agrees by its succession to that interest that the written request made pursuant to this Article will be deemed remade to the successor in interest without any further or additional action on the part of Beneficiary and that by assuming the debt secured by this Deed of Trust or by accepting the interest of Trustor subject to the lien of this Deed of Trust, the successor remakes each of the representations and warranties in this Deed of Trust and agrees to be bound by each covenant in this Deed of Trust, including, but not limited to, any indemnity provision.

ARTICLE III

SECURITY AGREEMENT

3.01 Grant of Security Interest. Trustor also grants to Beneficiary a security interest in all of Trustor's right, title, and interest now owned or later acquired to the Improvements and/or the Personal Property. The security interest also includes all additions to, substitutions for, changes in, or replacements of the whole or any part of these articles of property, together with all contract rights of Trustor in construction contracts, bonds, agreements for purchase and sale of the Premises, all policies of insurance arising out of the improvement or ownership of the Premises, and all accounts, contract rights, chattel paper, instruments, general intangibles, and other obligations of any kind now or later existing, arising out of, or in connection with the operation or development of the Premises.

The security interest also includes all rights of Trustor now or later existing in all security agreements, leases, and other contracts securing or otherwise relating to any accounts, contract rights, chattel paper, instruments, general intangibles, or obligations; all causes of action and recoveries now or later existing for any loss or diminution in value of the Premises; all proceeds of any of the Collateral; and, to the extent not otherwise included, all payments under insurance (whether Beneficiary is the loss payee), or any indemnity, warranty, or guaranty payable by reason of loss or damage to or otherwise with respect to any of the Collateral (collectively, “Collateral”).

3.02 Representations, Warranties and Covenants of Trustor. Trustor hereby represents warrants and covenants (which representations, warranties and covenants shall survive creation of any indebtedness of Trustor to Beneficiary and any extension of credit thereunder) as follows:
(a) The Collateral is not used or bought for personal, family or household purposes. (b) The tangible portion of the Collateral will be kept on or at the Premises and Trustor will not, without the prior written consent of Beneficiary, remove the Collateral or any portion thereof therefrom except such portions or items of Collateral which are consumed or worn out in ordinary usage, all of which shall be promptly replaced by Trustor with similar items of equal or greater value. (c) Trustor hereby authorizes Beneficiary to file one or more financing statements and fixture filings pursuant to the Uniform Commercial Code of California (or the corresponding Uniform Commercial Code of such other state whose law shall apply) (the “Uniform Commercial Code”) now or hereafter in effect, in form reasonably satisfactory to Beneficiary, and will pay the cost of recording and filing the same in all public offices wherever recording or filing is reasonably deemed by Beneficiary to be necessary or desirable.

3.03 Use of Collateral by Trustor. Other than during the continuance of an Event of Default hereunder or under any other Loan Document, Trustor may have possession of the Collateral and use it in any lawful manner not inconsistent with this Deed of Trust and not inconsistent with any policy of insurance thereon.

3.04 Remedies Upon an Event of Default.
(a) In addition to the remedies provided in Section 4.02 hereof, during the continuance of an Event of Default hereunder, Beneficiary may, at its option, do any one or more of the following:
(i) Either personally, or by means of a court appointed receiver, take possession of all or any of the Collateral and exclude therefrom Trustor and all others claiming under Trustor,

Page 185 ends

Item 11.
11 and thereafter hold, store, use, operate, manage, maintain and control, make repairs, replacements, alterations, additions and improvements to and exercise all rights and powers of Trustor with respect to the Collateral or any part thereof. In the event Beneficiary demands, or attempts to take possession of the Collateral in the exercise of any rights under this Deed of Trust, Trustor agrees to promptly turn over and deliver possession thereof to Beneficiary; (ii) Without notice to or demand upon Trustor, make such payments and do such acts as Beneficiary may reasonably deem necessary to protect its security interest in the Collateral (including, without limitation, paying, purchasing, contesting or compromising any Lien or Encumbrance, whether superior or inferior to such security interest) and in exercising any such powers or authority to pay all expenses (including, without limitation, litigation costs and reasonable attorneys' fees) incurred in connection therewith; (iii) Require Trustor from time to time to assemble the Personal Property, or any portion thereof, at a place designated by Beneficiary and reasonably convenient to both parties, and deliver promptly such Personal Property to Beneficiary, or an agent or representative designated by Beneficiary. Beneficiary, and its agents and representatives, shall have the right to enter upon any or all of Trustor's premises and property to exercise Beneficiary's rights hereunder; (iv) Realize upon the Collateral or any part thereof as herein provided or in any manner permitted by law and exercise any and all of the other rights and remedies conferred upon Beneficiary by this Deed of Trust, any other Loan Document, or by law, either concurrently or in such order as Beneficiary may determine;
(v) Sell or cause to be sold in such order as Beneficiary may determine, as a whole or in such parcels as Beneficiary may determine, the Collateral and the remainder of the Trust Estate;
(vi) Sell, lease, or otherwise dispose of the Collateral at public sale, upon terms and in such manner as Beneficiary may determine. Beneficiary may be a purchaser at any sale; and (vii) Exercise any remedies of a secured party under the Uniform Commercial Code or any other applicable law.
(b) Unless the Collateral is perishable or threatens to decline speedily in value or is of a type customarily sold on a recognized market, Beneficiary shall give Trustor at least ten (10) days' prior written notice of the time and place of any public sale of the Collateral or other intended disposition thereof to be made. Such notice may be mailed to Trustor at the address set forth in Section 5.05. (c) The proceeds of any sale under Section 3.04(a) (vi) shall be applied as follows:
(i) To the repayment of the reasonable costs and expenses of taking, holding, and preparing for the sale and the selling of the Personal Property (including, without limitation, costs of litigation and reasonable attorneys' fees) and the discharge of all Impositions, and claims thereof, if any, on the Collateral prior to the security interest granted herein (except any Impositions subject to which such sale shall have been made); (ii) To the payment of the Obligations in such order as Beneficiary shall determine; and
(iii) The surplus, if any, shall be paid to the Trustor or to whomsoever may be lawfully entitled to receive the same, or as a court of competent jurisdiction may direct.

Beneficiary shall have the right to enforce one or more remedies hereunder, successively or concurrently, and such action shall not operate to estop or prevent Beneficiary from pursuing any further remedy that it may have. Any repossession or retaking or sale of the Collateral pursuant to the terms hereof shall not operate to release Trustor until full payment of any deficiency has been made in cash.

Page 186 ends

Item 11.
12 3.05 Security Agreement. This Deed of Trust constitutes and shall be deemed to be a “security agreement” for all purposes of the Uniform Commercial Code and Beneficiary shall be entitled to all the rights and remedies of a “secured party” under such Uniform Commercial Code.

3.06 Fixture Filing. This Deed of Trust constitutes a financing statement filed as a fixture filing in the Official Records of the County Recorder of the county in which the Premises is located with respect to all fixtures included within the term "Trust Estate" as used in this Deed of Trust and with respect to any goods, Collateral, or other personal property that may now be or later become fixtures.

ARTICLE IV

REMEDIES UPON DEFAULT

4.01 Events of Default. Each of the following shall constitute an event of default (“Event of Default”):
(a) An “Event of Default” under any Loan Document, including, without limitation, the Note.
(b) The failure by Trustor to perform any of the other terms, provisions, and obligations of the Trustor, pursuant to this Deed of Trust within thirty (30) days from the receipt of written notice from the Lender (the “30 Day Notice”) that such performance was due; provided, however that if such failure is not reasonably susceptible to cure within thirty (30) days from receipt of the 30 Day Notice and provided that (i) Trustor shall have in good faith undertaken such cure within said thirty (30) day period and (ii) Trustor shall have diligently prosecuted such cure thereafter, Trustor shall have additional time to prosecute such cure, such additional time not to exceed one hundred twenty (120) days, from receipt by Trustor of the 30 Day Notice.
(c) The failure by Trustor to perform any of the terms, provisions, and obligations of the Operating Covenant Agreement.

4.02 Acceleration Upon Default; Additional Remedies. If one or more Event of Default occurs and is continuing, then Beneficiary may declare all the Obligations to be due and the Obligations will become due without any further presentment, demand, protest, or notice of any kind and Beneficiary may:
(a) in person, by agent, or by a receiver, and without regard to the adequacy of security, the solvency of Trustor, or the existence of waste, enter on and take possession of the Trust Estate or any part of it in its own name or in the name of Trustee, sue for or otherwise collect the rents, issues, and profits, and apply them, less costs and expenses of operation and collection, including reasonable attorney fees, upon the Obligations, all in any order that Beneficiary may determine. The entering on and taking possession of the Trust Estate, the collection of rents, issues, and profits, and the application of them will not cure or waive any default or notice of default or invalidate any act done pursuant to the notice; (b) Commence an action to foreclose this Deed of Trust in the manner provided by law for the foreclosure of mortgages of real property;
(c) deliver to Trustee a written declaration of default and demand for sale, and a written notice of default and election to cause the Trust Estate to be sold, which notice Trustee or Beneficiary will cause to be filed for record;
(d) with respect to any Personal Property, proceed as to both the real and personal property in accordance with Beneficiary's rights and remedies in respect of the Premises, or proceed to sell the Personal Property separately and without regard to the Premises in accordance with Beneficiary's rights and remedies; or
(e) Exercise any of these remedies in combination or any other remedy at law or in equity.

Page 187 ends

Item 11.
13 4.03 Exercise of Power of Sale. If Beneficiary elects to foreclose by exercise of the power of sale in this Deed of Trust:
(a) Beneficiary will deposit with Trustee this Deed of Trust, the Note, and any receipts and evidence of expenditures made and secured as Trustee may require. If notice of default has been given as then required by law, and after lapse of the time that may then be required by law, after recordation of the notice of default, Trustee, without demand on Trustor, will, after notice of sale having been given as required by law, sell the Trust Estate at the time and place of sale fixed by it in the notice of sale, either as a whole or in separate parcels as Trustee determines, and in any order that it may determine, at public auction to the highest bidder. Trustee may postpone sale of all or any portion of the Trust Estate by public announcement at the time and place of sale, and from time to time after that may postpone the sale by public announcement at the time fixed by the preceding postponement, and without further notice make the sale at the time fixed by the last postponement; or Trustee may, in its discretion, give a new notice of sale.

Beneficiary may rescind any notice of default at any time before Trustee's sale by executing a notice of rescission and recording it. The recordation of the notice will constitute a cancellation of any prior declaration of default and demand for sale and of any acceleration of maturity of Obligations affected by any prior declaration or notice of default. The exercise by Beneficiary of the right of rescission will not constitute a waiver of any default then existing or subsequently occurring, or impair the right of Beneficiary to execute other declarations of default and demand for sale, or notices of default and of election to cause the Trust Estate to be sold, nor otherwise affect the Note or this Deed of Trust, or any of the rights, obligations, or remedies of Beneficiary or Trustee. After sale, Trustee will deliver to the purchaser its deed conveying the property sold, but without any covenant or warranty, express or implied. The recitals in the deed of any matters or facts will be conclusive proof of their truthfulness. Any Person, including Trustor, Trustee, or Beneficiary, may purchase at that sale. If allowed by law, Beneficiary, if it is the purchaser, may turn in the Note at the amount owing on it toward payment of the purchase price (or for endorsement of the purchase price as a payment on the Note if the amount owing exceeds the purchase price). Trustor expressly waives any right of redemption after sale that Trustor may have at the time of sale or that may apply to the sale.
(b) Trustee, upon the sale, will make (without any covenant or warranty, express or implied), execute and, after due payment made, deliver to a purchaser and its heirs or assigns a deed or other record of interest, as the case may be, to the Trust Estate sold, which will convey to the purchaser all the title and interest of Trustor in the Trust Estate and will apply the proceeds of the sale in payment, (i) First, of the expenses of the sale together with the expenses of the trust, including, without limitation, attorney fees, that will become due on any default made by Trustor, and also any sums that Trustee or Beneficiary have paid for procuring a search of the title to the Premises subsequent to the execution of this Deed of Trust; and (ii) Second, of the Obligations then remaining unpaid and the amount of all other monies with interest in this Deed of Trust agreed or provided to be paid by Trustor.

Trustee will pay the balance or surplus of the proceeds of sale to Trustor and its successors or assigns as its interests may appear.

4.04 Personal Property. It is the express understanding and intent of the parties that as to any personal property interests subject to the Uniform Commercial Code, Beneficiary, during the continuance of an Event of Default, may proceed under such Uniform Commercial Code or may proceed as to both real and personal property interests in accordance with the provisions of this Deed of Trust and its rights and remedies in respect to real property, and treat both real and personal property interests as one parcel or package of security.

4.05 Appointment of Receiver. If an Event of Default occurs and is continuing, Beneficiary, as a matter of strict right and without notice to Trustor or anyone claiming under Trustor and without regard to the then value of the Trust Estate, will have the right to apply ex parte to any court having jurisdiction to appoint a Receiver of the Trust Estate, and Trustor waives notice of any application for that, provided a hearing to confirm the appointment with notice to Trustor is set within fourteen (14) days after the appointment. Any Receiver will have all the powers and duties of receivers in similar cases and all the powers and duties of Beneficiary in case of entry as

Page 188 ends

Item 11.
14 provided in this Deed of Trust, and will continue as such and exercise all those powers until the date of confirmation of sale, unless the receivership is terminated sooner. For purposes of this Agreement, “Receiver” shall include any trustee, receiver, custodian, fiscal agent, liquidator, or similar officer.

4.06 Curing of Defaults. If Trustor at any time fails to perform or comply with any of the terms, covenants, and conditions required on Trustor's part to be performed and complied with under this Deed of Trust, the Note, any of the other Loan Documents, or any other agreement that, under the terms of this Deed of Trust, Trustor is required to perform, after the giving of any required notice and the expiration of applicable cure periods (or without notice if Beneficiary determines that an emergency exists) and without waiving or releasing Trustor from any of the Obligations, Beneficiary may, subject to the provisions of any of the agreements:
(a) Make from the Loan or its own funds any payments payable by Trustor and take out, pay for, and maintain any of the insurance policies provided for; and (b) Perform any other acts on the part of Trustor to be performed and enter on the Trust Estate for that purpose.

The making by Beneficiary of payments out of Beneficiary's own funds will not, however, be deemed to cure the default by Trustor, and it will not be cured unless and until Trustor reimburses Beneficiary for the payments. All sums paid and all reasonable costs and expenses incurred by Beneficiary in connection with the performance of any such act, together with interest on unpaid balances at the Default Rate from the respective dates of Beneficiary's making of each payment, will be added to the principal of the Obligations, will be secured by the Deed of Trust and any and all other documents now or later securing any part of the payment of the Obligations or the observance or performance under the Obligations as well as by the lien of this Deed of Trust, prior to any right, title, or interest in or claim on the Trust Estate attaching or accruing subsequent to the lien of this Deed of Trust, and will be payable by Trustor to Beneficiary on demand.

4.07 Judgment on Environmental Provision. Beneficiary or its agents, representatives, and employees may seek a judgment that Trustor has breached its covenants, representations, or warranties in Article II of this Deed of Trust or any other covenants, representations, or warranties that are deemed to be "environmental provisions" pursuant to the laws of the State of California (each an "Environmental Provision"), by commencing and maintaining an action or actions in any court of competent jurisdiction, whether commenced prior to or within five (5) years after foreclosure of the lien of this Deed of Trust. Beneficiary or its agents, representatives, and employees may also seek an injunction to cause Trustor to abate any action in violation of any Environmental Provision and may seek the recovery of all costs, damages, reasonable expenses, fees, penalties, fines, judgments, indemnification payments to third parties, and other reasonable out-of-pocket costs or expenses actually incurred by Beneficiary (collectively, "Environmental Costs") incurred or advanced by Beneficiary relating to the cleanup, remedy, or other response action required by any Hazardous Substances Law or any Hazardous Substance Claim, or which Beneficiary reasonably believes necessary to protect the Trust Estate. It will be conclusively presumed between Beneficiary and Trustor that all Environmental Costs incurred or advanced by Beneficiary relating to the cleanup, remedy, or other response action of or to the Trust Estate were made by Beneficiary in good faith. All Environmental Costs incurred by Beneficiary under this Section (including without limitation court costs, consultant fees, and reasonable attorney fees, whether incurred in litigation and whether before or after judgment) will bear interest at the Default Rate from the date of expenditure until those sums have been paid in full. Beneficiary will be entitled to bid, at any trustee's or foreclosure sale of the Trust Estate, the amount of the costs, expenses, and interest in addition to the amount of other Obligations.

Notwithstanding anything contained herein to the contrary, the foregoing shall not apply to (i) matters resulting from the gross negligence or willful misconduct of Beneficiary or Trustee, or (ii) matters resulting solely from the actions of Beneficiary or Trustee taken after such parties have taken title to, or exclusive possession of the Premises, provided that, in both cases, such matters shall not arise from or be accumulated with any condition of the Premises, which condition was not caused by Beneficiary or Trustee. In addition, notwithstanding the foregoing, the foregoing shall not apply to Hazardous Materials that were not released on the Premises prior to the date that Beneficiary or its nominee acquired title to the Premises.

4.08 Waive Lien. Beneficiary or its agents, representatives, and employees may waive its lien against the Trust Estate or any portion of it, including the Improvements and the Personal Property, to the extent that the

Page 189 ends

Item 11.
15 Trust Estate is found to be environmentally impaired in accordance with the laws of the State of California, and to exercise all rights and remedies of an unsecured creditor against Trustor and all of Trustor's assets and property for the recovery of any deficiency and Environmental Costs, including, but not limited to, seeking an attachment order under applicable laws of the State of California. As between Beneficiary and Trustor, Trustor will have the burden of proving that Trustor or any related party (or any affiliate or agent of Trustor or any related party) was not in any way negligent in permitting the Release or threatened Release of the Hazardous Substances.

4.09 Remedies Not Exclusive. Trustee and Beneficiary, and each of them, shall be entitled to enforce payment and performance of any and all of the Obligations and to exercise all rights and powers under the Loan Documents and under the law now or hereafter in effect, notwithstanding some or all of the Obligations may now or hereafter be otherwise secured or guaranteed. Neither the acceptance of this Deed of Trust nor its enforcement, whether by court action or pursuant to the power of sale or other rights herein contained, shall prejudice or in any manner affect Trustee's or Beneficiary's right to realize upon or enforce any other security or guaranty now or hereafter held by Trustee or Beneficiary, it being agreed that Trustee and Beneficiary, and each of them shall be entitled to enforce this Deed of Trust and any other security or any guaranty now or hereafter held by Beneficiary or Trustee in such order and manner as they or either of them may in their absolute discretion determine. No remedy herein conferred upon or reserved to Trustee or Beneficiary is intended to be exclusive of any other remedy herein or by law provided or permitted, but each shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing under the law. Every power or remedy given by any of the Loan Documents or by law to Trustee or Beneficiary or to which either of them may be otherwise entitled, may be exercised, concurrently or independently, from time to time and as often as may be deemed expedient by Trustee or Beneficiary and, to the extent permitted by law, either of them may pursue inconsistent remedies.

4.10 Request for Notice. Trustor hereby requests a copy of any notice of default and that any notice of sale hereunder is mailed to it at the address set forth in Section 5.05.

ARTICLE V

MISCELLANEOUS

5.01 Change, Discharge, Termination, or Waiver. No provision of this Deed of Trust may be changed, discharged, terminated, or waived except in a writing signed by the party against whom enforcement of the change, discharge, termination, or waiver is sought. No failure on the part of Beneficiary to exercise and no delay by Beneficiary in exercising any right or remedy under the Loan Documents or under the law shall operate as a waiver thereof.

5.02 Trustor Waiver of Rights. Trustor waives, to the extent permitted by law, (a) the benefit of all laws now existing or that may hereafter be enacted providing for any appraisement before sale of any portion of the Trust Estate, and (b) all rights of redemption, valuation, appraisement, stay of execution, notice of election to mature or declare due the Obligations and marshaling in the event of foreclosure of the liens hereby created, and (c) all rights and remedies that Trustor may have or be able to assert by reason of the laws of the State of California pertaining to the rights and remedies of sureties. Trustor, for itself and for all parties claiming through or under Trustor, and for all parties who may acquire a lien on or interest in the Trust Estate, waives all rights to have the Trust Estate or any other property that now or later may be security for any Obligation ("Other Property") marshaled on any foreclosure of this Deed of Trust or on a foreclosure of any other security for any of the Obligations. Beneficiary will have the right to sell, and any court in which foreclosure proceedings may be brought will have the right to order a sale of, the Trust Estate and any of the Other Property as a whole or in separate parcels, in any order that Beneficiary may designate.

5.03 Statements by Trustor. Trustor shall, within ten (10) days after written notice thereof from Beneficiary, deliver to Beneficiary a written statement stating the unpaid principal of and interest on the Note and any other amounts secured by this Deed of Trust and stating whether any offset or defense exists against such principal and interest or such other amounts.

5.04 Reconveyance by Trustee. Upon written request of Beneficiary stating that all Obligations have been paid in full, and upon surrender of this Deed of Trust and the Note to Trustee for cancellation and retention (all of which Beneficiary shall promptly do upon satisfaction in full of all Obligations) and upon payment by Trustor of Trustee's fees, Trustee shall reconvey to Trustor, or to the person or persons legally entitled thereto, without

Page 190 ends

Item 11.
16 warranty, any portion of the Trust Estate then held hereunder. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in any reconveyance may be described as “the person or persons legally entitled thereto.”

5.05 Notices. All notices, requests and demands to be made hereunder to the parties hereto shall be in writing and shall be delivered by hand or sent by registered or certified mail, return receipt requested, through the United States Postal Service, or by overnight delivery by a nationally recognized delivery service (e.g., Federal Express) requiring a receipt, to the addresses shown on the first page hereof or such other address which the parties may provide to one another in accordance herewith. Such notices, requests and demands, if sent by mail, shall be deemed given three (3) Business Days after deposit in the United States mail, one (1) Business Day after the date of sending via overnight delivery, and if delivered by hand, shall be deemed given when delivered.

5.06 Acceptance by Trustee. Trustee accepts this Trust when this Deed of Trust, duly executed and acknowledged, is made a public record as provided by law.

5.07 Captions and References. The headings at the beginning of each section of this Deed of Trust are solely for convenience and are not part of this Deed of Trust. Unless otherwise indicated, each reference in this Deed of Trust to a section or an exhibit is a reference to the respective section herein or exhibit hereto.

5.08 Invalidity of Certain Provisions. If any provision of this Deed of Trust is unenforceable, the enforceability of the other provisions shall not be affected and they shall remain in full force and effect. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Trust Estate, the unsecured or partially secured portion of the debt shall be completely paid prior to the payment of the remaining and secured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure or other enforcement action or procedure, shall be considered to have been first paid on and applied to the full payment of that portion of the debt which is not secured or fully secured by the lien of this Deed of Trust.

5.09 Subrogation. To the extent that proceeds of the Note are used to pay any outstanding lien, charge or prior encumbrance against the Trust Estate, such proceeds have been or will be advanced by Beneficiary at Trustor's request and Beneficiary shall be subrogated to any and all rights and liens held by any owner or holder of such outstanding liens, charges and prior encumbrances, irrespective of whether said liens, charges or encumbrances are released.

5.10 Attorneys' Fees. If any or all of the Obligations are not paid when due or if an Event of Default occurs, Trustor agrees to pay all costs of enforcement and collection and preparation therefore (including, without limitation, reasonable attorneys' fees) whether or not any action or proceeding is brought (including, without limitation, all such costs incurred in connection with any bankruptcy, receivership, or other court proceedings (whether at the trial or appellate level)), together with interest therein from the date of demand at the Agreed Rate.

5.11 Governing Law.
(a) THIS SECURITY INSTRUMENT SHALL BE DEEMED TO BE A CONTRACT

ENTERED INTO PURSUANT TO THE LAWS OF THE STATE OF CALIFORNIA AND SHALL IN

ALL RESPECTS BE GOVERNED, CONSTRUED, APPLIED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF CALIFORNIA.
(b) All rights, powers and remedies provided in this instrument may be exercised only to the extent that the exercise thereof does not violate any applicable provisions of law and are intended to be limited to the extent necessary so that they will not render this instrument invalid, unenforceable or not entitled to be recorded, registered or filed under the provisions of any applicable law. If any term of this instrument or any application thereof shall be invalid or unenforceable, the remainder of this instrument and any other application of the term shall not be affected thereby.

5.12 Joint and Several Obligations. If this Deed of Trust is signed by more than one party as Trustor, all obligations of Trustor herein shall be the joint and several obligations of each party executing this Deed of Trust as Trustor.

Page 191 ends

Item 11.
17 5.13 Number and Gender. In this Deed of Trust the singular shall include the plural and the masculine shall include the feminine and neuter gender and vice versa, if the context so requires.

5.14 Loan Statement Fees. Trustor shall pay the amount demanded by Beneficiary or its authorized loan servicing agent for any statement regarding the Obligations, provided, however, that such amount may not exceed the maximum amount allowed by law at the time request for the statement is made.

5.15 Counterparts. This document may be executed and acknowledged in counterparts, all of which executed and acknowledged counterparts shall together constitute a single document. Signature and acknowledgment pages may be detached from the counterparts and attached to a single copy of this document to form physically one document, which may be recorded.

5.16 No Merger of Lease. If both the lessor's and lessee's estate under any lease or any portion thereof which constitutes a part of the Trust Estate shall at any time become vested in one owner, this Deed of Trust and the lien created hereby shall not be destroyed or terminated by application of the doctrine of merger unless Beneficiary so elects as evidenced by recording a written declaration executed by Beneficiary so stating, and, unless and until Beneficiary so elects, Beneficiary shall continue to have and enjoy all of the rights and privileges of Beneficiary as to the separate estates. In addition, upon the foreclosure of the lien created by this Deed of Trust on the Trust Estate pursuant to the provisions hereof, any leases or subleases then existing and affecting all or any portion of the Trust Estate shall not be destroyed or terminated by application of the law of merger or as a matter of law or as a result of such foreclosure unless Beneficiary or any purchaser at such foreclosure sale shall so elect. No act by or on behalf of Beneficiary or any such purchaser shall constitute a termination of any lease or sublease unless Beneficiary or such purchaser shall give written notice thereof to such tenant or subtenant.

5.17 Status of Title. Trustor represents and warrants that it is the lawful owner of the Trust Estate and holds a fee simple estate in the Premises and Improvements, and that Trustor has full right, power and authority to convey and mortgage the same and to execute this Deed of Trust.

5.18 Integration. The Loan Documents contain the complete understanding and agreement of Trustor and Beneficiary and supersede all prior representations, warranties, agreements, arrangements, understandings, and negotiations.

5.19 Binding Effect. The Loan Documents will be binding upon, and inure to the benefit of, Trustor, Trustee and Beneficiary and their respective successors and assigns. Trustor may not assign its obligations under the Loan Documents.

5.20 Time of the Essence. Time is of the essence with regard to each provision of the Loan Documents as to which time is a factor.

5.21 Survival. The representations, warranties, and covenants of the Trustor and the Loan Documents shall survive the execution and delivery of the Loan Documents and the making of the Loan.

5.22 Waiver of Trial by Jury. TO THE EXTENT PERMITTED BY LAW, TRUSTOR AGREES

THAT THIS DEED OF TRUST ALSO CONSTITUTES A WRITTEN CONSENT TO WAIVER OF TRIAL BY JURY PURSUANT TO THE PROVISIONS OF CALIFORNIA CODE OF CIVIL PROCEDURE SECTION 631,

AND THE TRUSTOR APPOINTS BENEFICIARY ITS ATTORNEY-IN-FACT, WHICH APPOINTMENT IS

COUPLED WITH AN INTEREST, AND TRUSTOR AUTHORIZES BENEFICIARY IN THE NAME, PLACE,

AND STEAD OF TRUSTOR TO FILE THIS DEED OF TRUST WITH THE CLERK OR JUDGE OF ANY

COURT OF COMPETENT JURISDICTION AS STATUTORY WRITTEN CONSENT TO WAIVER OF TRIAL BY JURY.
[Signatures on Following Pages]

Page 192 ends

Item 11.
18 IN WITNESS WHEREOF, Trustor has executed this Deed of Trust as of the day and year first above written.

Trustor:

INDIVIDUAL
By: _________________________________
FARZANA QURESHI, Owner

Page 193 ends

Item 11.
19 EXHIBIT A
Property Legal Description
.26 ACRES
Land Use: R-M, Residential Multiple Family
791 ORCHARD AVENUE, COACHELLA, CA 92236
APN: 778-053-009

COACHELLA
LOT/PARCEL 9/10, BLK 12
ZONING: R-S, RESIDENTIAL SINGLE FAMILY

Page 194 ends

Item 11.

PROMISSORY NOTE
$20,000 ________, 2025
For value received, the undersigned, Farzana Qureshi (“Maker”), promises to pay to the order of the City of Coachella, a California municipal corporation (“Holder”), the sum of Twenty-Thousand Dollars ($20,000), with interest thereon, from the date hereof, through the maturity date. Interest shall accrue at a variable interest rate equal to one percent (1.00%) per annum above the Index Rate (as defined below). The interest rate shall change from time to time as and when the Index Rate changes. For purposes of this Note, the “Index Rate” shall mean, for any period, the corresponding interest rate for such period applicable to investments in the Local Agency Investment Fund administered by the Treasurer’s Office of the State of California.

All principal and all accrued but unpaid interest shall be due and payable on the sixth anniversary of the date hereof; provided that all amounts due hereunder will be forgiven upon Maker’s compliance with all of the terms and conditions of that certain Operating Covenant Agreement dated as of the date hereof, between the Maker and the Holder. This Note may be prepaid in whole or in part at anytime without premium or penalty.

This Note is secured by a deed of trust (the “Deed of Trust”) on that certain property located at 791 Orchard Street, Coachella, California. All amounts owing pursuant to this Note may be accelerated in accordance with the terms of the Deed of Trust upon the occurrence of an event of default thereunder.

Maker agrees to pay to Holder, on demand, all costs, expenses and disbursements, including and without limitation to all reasonable attorney's fees incurred by Holder in the enforcement, collection, renewal, extension or modification of this Note. Any such amount shall, upon demand, be immediately added to the principal balance of the Note.

Maker hereby waives diligence, presentment for payment or acceptance, demand, protest, notice of protest, notice of dishonor, notice of non-payment, and notice of any other kind whatsoever, and further waives all defenses on the grounds of any extension of time of payment or release of collateral or release of parties as obligors on this Note.

Executed as of the date above at Coachella, California. “Maker”
________________________________________
Farzana Qureshi

Page 195 ends

Item 11.

Page 196 ends

Item 11.

Page 197 ends

Item 11.

Page 198 ends

Item 11.

Page 199 ends

Item 11.

Page 200 ends

Item 11.

Page 201 ends

Item 11.

Page 202 ends

Item 11.

Page 203 ends

Item 11.

Page 204 ends

Item 11.

Page 205 ends

Item 11.

Page 206 ends

Item 11.

Page 207 ends

Item 11.

Page 208 ends

Item 11.

Page 209 ends

Item 11.

Page 210 ends

Item 11.

Page 211 ends

Item 11.

Page 212 ends

Item 11.

Page 213 ends

Item 11.

Page 214 ends

Item 11.

Page 215 ends

Item 11.

Page 216 ends

Item 11.

Page 217 ends

Item 11.

Page 218 ends

Item 11.

Page 219 ends

Item 11.

Page 220 ends

Item 11.

Page 221 ends

Item 11.

Page 222 ends

Item 11.

Page 223 ends

Item 11.

Page 224 ends

Item 11.

Page 225 ends

Item 11.

Page 226 ends

Item 11.

Page 227 ends

Item 11.

Page 228 ends

Item 11.

STAFF REPORT
2/12/2025
TO: Honorable Mayor and City Council Members
FROM: Cástulo R. Estrada, Utilities Director
SUBJECT: Professional Service Agreement with MSA Consulting Inc. for Survey and Utility Services Related to the Waterline Crossing the Coachella Valley Storm Channel on Avenue 50 in the Amount not to Exceed $35,350.00.

STAFF RECOMMENDATION:

Authorize the City Manager to execute a Professional Service Agreement with MSA Consulting Inc. for survey and utility services related to the waterline crossing the Coachella Valley Storm Channel on Avenue 50 in the Amount not to Exceed $35,350.00 BACKGROUND:

In 1970, the City built a 16-inch water transmission line that crosses the Coachella Valley Storm Channel on Avenue 50. The City has limited records and data that provide staff with adequate information to determine the location of this critical water transmission main.

The Coachella Valley Water District provides routine maintenance of its storm channel, which at times requires excavation. The City of Coachella is currently unable to provide information related to the location and depth of its water transmission main. Locating the water main is critical for the operations of the water system, for sharing information with others in an effort to prevent damage to our line and critical in the event of an emergency that requires accessing the line for repairs.

DISCUSSION/ANALYSIS:

The City reached out to MSA Consulting and The Altum Group, and requested a proposal for the potholing of the 16-inch waterline crossing the Coachella Valley Water District’s (CVWD) Storm Channel at eight locations, and survey to provide pothole tie-in reference points for horizontal and vertical reference.

The Altum Group was unable to provide a proposal. MSA Consulting provided the proposal attached within the professional services agreement, and is familiar with the City’s standards and requirements, and has provided similar services for past projects.

Page 229 ends

Item 12.

Cost: Project Cost:

Proposal $ 30,350.00
Contingency $ 5,000.00
Total Project Cost: $ 35,350.00
FISCAL IMPACT:

The 2024-25 adopted budget has the required funds under the Professional/Contract Services account.

ATTACHMENTS:

1. Draft Professional Services Agreement

Page 230 ends

Item 12.

BB&K (2021)
80237.00000\34369632.1
-1- PROFESSIONAL SERVICES AGREEMENT

CITY OF COACHELLA

PROFESSIONAL SERVICES AGREEMENT

1. PARTIES AND DATE.

This Agreement is made and entered into this day of , 2025, by and between the City of Coachella, a municipal corporation organized under the laws of the State of California with its principal place of business at 53462 Enterprise Way, Coachella, California 92236, County of Riverside, State of California ("City") and MSA Consulting Inc., a corporation, with its principal place of business at 34200 Bob Hope Drive, Rancho Mirage, CA 92270 ("Consultant"). City and Consultant are sometimes individually referred to herein as "Party" and collectively as "Parties."

2. RECITALS.

2.1 Consultant.

Consultant desires to perform and assume reasonable responsibility for the provision of certain professional services required by the City on the terms and conditions set forth in this Agreement. Consultant represents that it is experienced in providing engineering services to public clients, is licensed in the State of California, and is familiar with the plans of City.

2.2 Project.

City desires to engage Consultant to render such professional services for the Survey and Utility Services (RFP 2467) for a waterline along Avenue 50 and Tyler St. in the City of Coachella. ("Project") as set forth in this Agreement.

3. TERMS.

3.1 Scope of Services and Term.

3.1.1 General Scope of Services. Consultant agrees to furnish to the City all labor, materials, tools, equipment, services, and incidental and customary work necessary to supply the professional engineering consulting services necessary for the Project ("Services").

The Services are more particularly described in Exhibit "A" attached hereto and incorporated herein by reference. All Services shall be subject to, and performed in accordance with, this Agreement, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state and federal laws, rules and regulations.

3.1.2 Term. The term of this Agreement shall be from January 13, 2025 to June 30, 2025, unless earlier terminated as provided herein. Consultant shall complete the Services within the term of this Agreement, and shall meet any other reasonably established schedules and deadlines. The Parties may, by mutual, written consent, extend the term of this Agreement if necessary to complete the Services.

3.2 Compensation.

3.2.1 Compensation. Consultant shall receive compensation, including authorized reimbursements, for all Services rendered under this Agreement at the rates set forth

Page 231 ends

Item 12.

BB&K (2021)
80237.00000\34369632.1
-2- PROFESSIONAL SERVICES AGREEMENT
in Exhibit "C" attached hereto and incorporated herein by reference. The total compensation shall not exceed without
written approval of the City Council or City Manager, as applicable. Extra Work may be authorized, as described below, and if authorized, will be compensated at the rates and manner set forth in this Agreement.

3.2.2 Payment of Compensation. Consultant shall submit to City a monthly invoice which indicates work completed and hours of Services rendered by Consultant. The invoice shall describe the amount of Services provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the invoice.

City shall, within 30 days of receiving such invoice, review the invoice and pay all non-disputed and approved charges. If the City disputes any of Consultant's fees, the City shall give written notice to Consultant within thirty (30) days of receipt of an invoice of any disputed fees set forth therein. Payment shall not constitute acceptance of any Services completed by Consultant. The making of final payment shall not constitute a waiver of any claims by the City for any reason whatsoever.

3.2.3 Reimbursement for Expenses. Consultant shall not be reimbursed for any expenses unless authorized in writing by City, or included in Exhibit "C" of this Agreement.

3.2.4 Extra Work. At any time during the term of this Agreement, City may request that Consultant perform Extra Work. As used herein, "Extra Work" means any work which is determined by City to be necessary for the proper completion of the Project, but which the Parties did not reasonably anticipate would be necessary at the execution of this Agreement.

Consultant shall not perform, nor be compensated for, Extra Work without written authorization from the City.

3.3 Responsibilities of Consultant.

3.3.1 Independent Contractor; Control and Payment of Subordinates. The Services shall be performed by Consultant or under its supervision. Consultant will determine the means, methods and details of performing the Services subject to the requirements of this Agreement. City retains Consultant on an independent contractor basis and not as an employee.

Any personnel performing the Services on behalf of Consultant shall not be employees of City and shall at all times be under Consultant's exclusive direction and control. Neither City, or any of its officials, officers, directors, employees or agents shall have control over the conduct of Consultant or any of Consultants officers, employees or agents, except as set forth in this Agreement. Consultant shall pay all wages, salaries, and other amounts due such personnel in connection with their performance of Services under this Agreement and as required by law.

Consultant shall be responsible for all reports and obligations respecting such additional personnel, including, but not limited to: social security taxes, income tax withholding, unemployment insurance, disability insurance, and workers' compensation insurance.

3.3.2 Schedule of Services. Consultant shall perform the Services in accordance with the Schedule of Services set forth in Exhibit "B" attached hereto and incorporated herein by reference. Consultant represents that it has the professional and technical personnel required to perform the Services expeditiously. Upon request of City, Consultant shall provide a more detailed schedule of anticipated performance to meet the Schedule of Services.

Thirty Five Thousand Three Hundred Fifty Dollars and No Cents ($35,350.00)

Page 232 ends

Coachella City CouncilFebruary 12, 2025

Coachella City Council
February 12, 2025