Eastvale City Council
January 22, 2025

REGULAR CITY COUNCIL/EASTVALE PARKING AUTHORITY/EASTVALE PUBLIC

FINANCING AUTHORITY MEETING AGENDA
Eastvale City Council Chambers
12363 Limonite Avenue Suite 900, Eastvale, CA 91752

AMENDED AGENDA
Regular City Council/Eastvale Parking Authority/Eastvale Public Financing Authority Meeting:
6:30 PM
Wednesday, January 22, 2025

City Councilmembers

Michael McMinn, Mayor/Chair
Jocelyn Yow, Mayor Pro Tem/Vice Chair
Christian Dinco, Councilmember/Board Member
Clint Lorimore, Councilmember/Board Member
Todd Rigby, Councilmember/Board Member
Mark Orme, City Manager/Executive Director
Erica Vega, City Attorney/General Counsel
Marc Donohue, Government Services Director/City Clerk/Secretary This Agenda contains a brief general descrip+on of each item to be considered. Except as otherwise provided by law, no ac+on or direc+on shall be taken on any item not appearing on the following Agenda. Unless legally privileged, all suppor+ng documents, including staff reports, and any wri+ngs or documents provided to a majority of the City Council a0er the pos+ng of this agenda are available for review at Eastvale City Hall, 12363 Limonite Avenue, Eastvale, CA 91752 or you may contact the City Clerk’s Office, at (951) 361-0900 Monday through Thursday from 7:30 a.m. to 5:30 p.m. and available online at www.eastvaleca.gov
.

Members of the public can observe the mee+ng by viewing the live-stream at www.eastvaleca.gov
and may provide public
comment by sending comments to the City Clerk's Office by email at [email protected]
. Staff will monitor emails to the
extent possible during the mee+ng and provide comments as possible. All comments will be made part of the record. Comments will then be read into the record, with a maximum allowance of 3 minutes per individual comment, subject to the Mayor’s discre+on to reduce +me on public comment. All comments should be a maximum of 500 words, which corresponds to approximately 3 minutes of speaking +me. If a comment is received before the agenda item is heard but before the close of the mee+ng, the comment will all be included as a part of the record of the meeting but will not be read into the record.

In compliance with the Americans with Disabili+es Act, if you need special assistance to par+cipate in this mee+ng, you should contact the City Clerk’s Office at (951) 361-0900.

Regular mee+ngs are recorded and made available on the City’s website at www.eastvaleca.gov
. Mee+ng recordings are uploaded
to the City’s website within 24 hours (unless otherwise noted) after the completion of the meeting. 1 1.

CALL TO ORDER

2. ROLL CALL

3. CLOSED SESSION PUBLIC COMMENT

Any member of the public may address the Council on items within the Council’s subject matter jurisdiction, but which are not listed on this agenda during PUBLIC COMMENTS. However, no action may be taken on matters that are not part of the posted agenda. We request comments made on the agenda be made at the time the item is considered and that comments be limited to three minutes per person with a maximum of six minutes (time may be donated by one person). Please address your comments to the Council and do not engaged in dialogue with individual Council Members, City staff, or members of the audience. Blue speaker forms are available at the front table to the entrance of Council Chambers.

4. CLOSED SESSION ITEM(S)

5. INVOCATION

6. PLEDGE OF ALLEGIANCE

7. ADDITIONS/REVISIONS

The City Council may only add an item to the Agenda after making a finding that there is a need to take immediate action on the item and that the item came to the attention of the agency subsequent to the posting of the agenda. An action adding an item to the agenda requires 2/3 vote of the Council. If there is less than 2/3 of the Council members present, adding an item to the agenda requires a unanimous vote. Added items will be placed for discussion at the end of each section unless otherwise noted.

8. PRESENTATIONS/ANNOUNCEMENTS

8.1. Military Banner Presentation

8.2. Eastvale Volunteer Recognitions

9. AGENCY PARTNER UPDATE(S)

10. PUBLIC COMMENT

Any member of the public may address the Council on items within the Council’s subject matter jurisdiction, but which are not listed on this agenda during PUBLIC COMMENTS. However, no action may be taken on matters that are not part of the posted agenda. We request comments made on the agenda be made at the time the item is considered and that comments be limited to three minutes per person with a maximum of six minutes (time may be donated by one person). Please address your comments to the Council and do not engaged in dialogue with individual Councilmembers, City staff, or members of the audience. Blue speaker forms are available at the front table to the entrance of Council Chambers.

2 11.

CONSENT CALENDAR

Consent Calendar items are normally enacted in one motion. The Mayor or City Council may remove a Consent Calendar item for separate action. If a member of the public would like to speak on a Consent Calendar item, please complete a blue “Public Comment Form” and submit to the City Clerk prior to the item.

11.1. City Council/Eastvale Parking Authority Meeting Minutes

Submitted by: Marc A. Donohue, Government Services Director/City Clerk/Secretary

RECOMMENDED ACTION(S):

Staff recommends that the City Council/
Eastvale Parking Authority
approve the City
Council/Eastvale Parking Authority meeting minutes from the regular meeting on January 8, 2025.

11.2. Treasurer’s Report: December 2024

Submitted by: Amanda Wells, Finance Director/City Treasurer

RECOMMENDED ACTION(S):

Staff recommends that the City Council receive and file the City Treasurer’s Report.

11.3. Planning Division Update

Submitted by: David Murray, City Planner

RECOMMENDED ACTION(S):

Staff recommends that the City Council receive and file the Planning Division Update.

11.4. Public Works Department Update

Submitted by: Jimmy Chung, Public Works Director/City Engineer

RECOMMENDED ACTION(S):

Staff recommends that the City Council receive and file the Public Works Department update.

11.5. Approval of First Amendment to the Professional Services Agreement with the T.Y.Lin International for the Limonite Gap Closure Pedestrian Bridge Project

Submitted by: Jimmy Chung, Public Works Director/City Engineer

RECOMMENDED ACTION(S):

Staff recommends that the City Council approve the First Amendment to the Professional Services Agreement with T.Y. Lin International for the Limonite Gap Closure Pedestrian Bridge Project increasing the contract amount by $27,894.

11.6. Fourth Contract Amendment with Geocon West Inc. for the Eastvale Civic Center

Submitted by: Jimmy Chung, City Engineer/Public Works Director

3 RECOMMENDED ACTION(S):

Staff recommends that the City Council a
uthorize the City Manager to execute a
contract amendment with Geocon to provide a supplemental geotechnical investigation for an additional amount of $10,540 for a total not-to-exceed amount of $80,365.

11.7. A Resolution of the City Council of the City of Eastvale Approving, Authorizing and Directing the Execution of a Operations Agreement by and between the City of Eastvale and the Eastvale Public Financing Authority

Submitted by: Amanda Wells, Finance Director/City Treasurer

RECOMMENDED ACTION(S):

Staff recommends that the City Council:
1 .

Approve and adopt a Resolu+on authorizing and direc+ng the execu+on of an opera+ons agreement by and between the City of Eastvale and the Eastvale Public Financing Authority; and
2 .

Approve and adopt an agreement to provide staffing and administra+ve services to the Eastvale Public Financing Authority (the “EPFA”) in the form attached hereto as Attachment 2 (the “Operations Agreement”).

11.8. Actions relating to the organization of the Eastvale Public Financing Authority

Submitted by: Amanda Wells, Finance Director/City Treasurer

RECOMMENDED ACTION(S):

Staff recommends that the Board of Directors of the Eastvale Public Financing Authority (the “EPFA”) approve the attached Resolution approving, authorizing and directing the following actions:
1 .

Approve Bylaws of the EPFA; and
2 .

Authorize the Execu+ve Director to execute an Opera+ons Agreement, substan+ally in the form submiMed herewith, by and between the City of Eastvale and the EPFA; and
3 .

Confirm the City Council as the EPFA governing board and the City execu+ve staff members to serve as execu+ve staff of the EPFA and other maMers as provided in the Bylaws of the EPFA submitted herewith; and 4 .

Adopt the City’s current Personnel Rules and Regula+ons and Conflicts of Interest Code as the EPFA’s Personnel Rules and Regula+ons and Conflicts of Interest Code.

Addi+onally, it is recommended that the Board of Directors direct the City Clerk of the City of Eastvale, serving as the EPFA Secretary, to file a no+ce of the Joint Exercise of Powers Agreement with the California Secretary of State pursuant to and in the form required by Government Code § 6503.5 and file a copy of the Joint Exercise of Powers Agreement with the Riverside County Local Agency Forma+on Commission pursuant to Government Code § 6503.8.

11.9. Resolution of the Board of Directors of the Eastvale Public Financing Authority Providing for the Issuance of Federally Tax-Exempt Lease Revenue Bonds to

4 Finance the City of Eastvale Civic Center Project and Approving Certain Acts in Connection Therewith

Submitted by: Amanda Wells, Finance Director/City Treasurer

RECOMMENDED ACTION(S):

Staff recommends that the Board of Directors of the Eastvale Public Financing Authority (the “EPFA”) adopt and approve the attached Resolution providing for the issuance of Lease Revenue Bonds and reimbursement of certain city expenditures from tax-exempt bond proceeds.

11.10. Debt Management and Disclosure Policy and Fund Balance Policy Update

Submitted by: Amanda Wells, Finance Director/City Treasurer

RECOMMENDED ACTION(S):

Staff recommends the City Council approve and adopt the revised Debt Management and Disclosure Policy and revised Fund Balance Policy

11.11. Update of the City’s participation in the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) program, amending Chapter 4.72 of the Eastvale Municipal Code and the TUMF Fee Schedule (Second Reading)

Submitted by: David Murray, City Planner

RECOMMENDED ACTION(S):

Staff recommends that the City Council adopt an ordinance entitled: AN ORDINANCE

OF THE CITY COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, AMENDING CHAPTER

4.72 OF THE EASTVALE MUNICIPAL CODE REGARDING THE CITY'S PARTICIPATION IN

THE WESTERN RIVERSIDE COUNTY TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) PROGRAM.

11.12. Adoption of the List of Prequalified Contractors to Bid on the Eastvale Civic Center Project

Submitted by: Jimmy Chung, Public Works Director/City Engineer

RECOMMENDED ACTION(S):

Staff recommends that the City Council adopt the list of prequalified contractors to bid on the Eastvale Civic Center project.

12. PUBLIC HEARING(S)

12.1. PLN24-20102 – Change of Zone from SP – Specific Plan Zone (I-15 Corridor Specific Plan) to R-3 – General Residential Zone for the southernmost 10.01-acre portion of APN 152-640-004 (Vernola)

Submitted by: David Murray, City Planner

5 RECOMMENDED ACTION(S):

Staff recommends that the City Council take the following actions:

1 .

Determine that the proposed Change of Zone was previously contemplated and fully evaluated under the City of Eastvale Housing Element and Addendum to the Eastvale General Plan Final EIR (State Clearinghouse No. 2011111061) adopted by the Eastvale City Council in April 2022 and the City of Eastvale 2040 General Plan Environmental Impact Report (State Clearinghouse No. 2022080090) adopted and certified by the Eastvale City Council in March 2024, and that no further environmental review pursuant to CEQA is required; and 2 .

Introduce an Ordinance entitled: AN UNCODIFIED ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, AMENDING THE OFFICIAL ZONING MAP FROM SP – SPECIFIC PLAN ZONE (I-15 CORRIDOR SPECIFIC PLAN) TO R-3 – GENERAL RESIDENTIAL ZONE FOR THE SOUTHERNMOST 10.01 ACRES OF APN 152-640-004 CONSISTENT WITH THE CITY OF EATVALE SIXTH CYCLE HOUSING ELEMENT AND 2040 GENERAL PLAN

12.2. PLN24-20103 and PLN24-20104 - Zoning Code Amendment to establish the Residential Opportunity (RO) Overlay Zone and Change of Zone to apply the Residential Opportunity Overlay Zone to the approximately 20.46 acres of the Eastvale Gateway 1 (North) property

Submitted by: David Murray, City Planner

RECOMMENDED ACTION(S):

Staff recommends that the City Council take the following actions:

1 .

Determine that the proposed Zoning Code Text Amendment (PLN24-20103) and proposed Change of Zone to apply the Residential Opportunity Overlay Zone (PLN24-20104) were contemplated and fully evaluated under the City of Eastvale Housing Element and Addendum to the Eastvale General Plan Final EIR (State Clearinghouse No. 2011111061) adopted by the Eastvale City Council in April 2022 and the City of Eastvale 2040 General Plan Environmental Impact Report (State Clearinghouse No. 2022080090) adopted and certified by the Eastvale City Council in March 2024, and that no further environmental review pursuant to CEQA is required;
2 .

Introduce an Ordinance entitled: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, AMENDING TITLE 120 (PLANNING AND ZONING) OF THE EASTVALE MUNICIPAL CODE TO ADD CHAPTER 120.10 ESTABLISHING THE RESIDENTIAL OPPORTUNITY OVERLAY ZONE; and 3 .

Introduce an Ordinance entitled: AN UNCODIFIED ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, AMENDING THE OFFICIAL

ZONING MAP TO APPLY THE RESIDENTIAL OPPORTUNITY (RO) OVERLAY ZONE TO APPROXIMATELY 20.46 ACRES OF THE GATEWAY 1 (NORTH) PROPERTIES

LOCATED ON THE NORTHEAST CORNER OF LIMONITE AVENUE AND HAMNER

AVENUE, CONSISTENT WITH THE CITY OF EASTVALE SIXTH CYCLE HOUSING ELEMENT AND 2040 GENERAL PLAN.

6 13.

CITY COUNCIL/EASTVALE PUBLIC FINANCING AUTHORITY/EASTVALE PARKING AUTHORITY

BUSINESS

13.1. Annual Comprehensive Financial Report (ACFR) and Related Letters and Reports for the Fiscal Year Ended June 30, 2024

Submitted by: Luis De La Hoya, Finance Manager

RECOMMENDED ACTION(S):

Staff recommends that the City Council receive and file the Annual Comprehensive Financial Report and accompanying letters and reports the for fiscal year ended June 30, 2024

13.2. Fiscal Year 2024-25 Mid-Year Budget Review

Submitted by: Amanda Wells, Finance Director/City Treasurer

RECOMMENDED ACTION(S):

Staff recommends that the City Council:
1 .

Approve and Adopt a Resolu+on approving Mid-Year Budget Appropria+ons; and
2 .

Authorize the City Manager to execute all documents and take all ac+ons necessary to implement the above approvals.

14. CITY MANAGER/CITY STAFF REPORT

15. CITY COUNCIL COMMUNICATIONS/COMMITTEE REPORTS

16. ADJOURNMENT

The next regular meeting of the Eastvale City Council/Eastvale Public Financing Authority/Eastvale Parking Authority is scheduled for Wednesday, February 12, 2025, at 6:30 p.m. at Eastvale City Hall Council Chambers, 12363 Limonite Avenue, Suite 900, Eastvale, CA 91752.

17. AFFIDAVIT OF POSTING

I hereby certify under penalty of perjury under the laws of the State of California, that the foregoing Agenda was posted at the following locations: City Hall, 12363 Limonite Avenue, Suite 910 and website of the City of Eastvale (www.eastvaleca.gov,) not less than 72 hours prior to the meeting.

______________________________________________________
Marc A. Donohue, MMC
City Clerk

7 Eastvale City Council/Eastvale Parking Authority Meeting Minutes January 8, 2025 Page - 1

MINUTES

CITY OF EASTVALE

CITY COUNCIL/EASTVALE PARKING AUTHORITY REGULAR MEETING Wednesday, January 8, 2025
Regular Meeting: 6:30 PM
City Hall Council Chambers
12363 Limonite Avenue, Suite 900
Eastvale, CA 91752

1. CALL TO ORDER
The regular meeting of the Eastvale City Council/Eastvale Parking Authority Meeting was called to order at 6:30 p.m. by Mayor McMinn.

2. ROLL CALL

Present: Councilmembers/Board Members Christian Dinco, Clint Lorimore, Todd Rigby, Mayor Pro Tem/Vice Chair Jocelyn Yow, and Mayor/Chair Mike McMinn.

Absent:

City Staff

Present: City Manager/Executive Director Mark Orme, City Attorney/General Counsel Erica Vega, and Government Services Director/City Clerk/Secretary Marc Donohue were present at Roll Call. Other staff members were present.

3. CLOSED SESSION PUBLIC COMMENT – None

4. CLOSED SESSION ITEM(S)- None

5. INVOCATION
Pastor Dennis Morales from Calvary Chapel Eastvale offered the invocation.

6. PLEDGE OF ALLEGIANCE

Councilmember Lorimore led the Pledge of Allegiance.

7. ADDITIONS/REVISIONS – None

8. PRESENTATIONS/ANNOUNCEMENTS
8 Eastvale City Council/Eastvale Parking Authority Meeting Minutes January 8, 2025 Page - 2

8.1 Recognition of Roadway Adoption Program Top Performers The Roadway Adoption Program top performers were recognized.

8.2 National Law Enforcement Appreciation Day
National Law Enforcement Appreciation Day was proclaimed, and a moment of silence was held in memory of Deputy Timothy Corlew.

8.3 Introduction of Public Works Construction Inspector - Luis Ortiz Public Works Construction Inspector - Luis Ortiz was introduced.

8.4 Introduction of Public Works Street Maintenance Worker - Aaron Fierro Public Works Street Maintenance Worker - Aaron Fierro was introduced.

8.5 Introduction of Purchasing Manager – Karla Lopez
Purchasing Manager – Karla Lopez was introduced.

9. AGENCY PARTNER UPDATES – None

10. PUBLIC COMMENT – None

11. CONSENT CALENDAR
On motion of Councilmember/Board Member Lorimore second by Mayor/Chair McMinn, the City Council/Eastvale Parking Authority voted unanimously to approve the Consent Calendar.

11.1 City Council Meeting Minutes
The City Council approved the City Council meeting minutes from the regular meeting on December 11, 2024 and the special meeting on December 17, 2024.

11.2 Treasurer’s Report: November 2024
The City Council received and filed the City Treasurer's Report.

11.3 City of Eastvale Crime Statistics – November 2024
The City Council received and filed the Eastvale Crime Statistics for November 2024. 9 Eastvale City Council/Eastvale Parking Authority Meeting Minutes January 8, 2025 Page - 3

11.4 Actions Relating to the Organization of the Eastvale Parking Authority The Board of Directors of the Eastvale Parking Authority (the “Parking Authority”) approved the attached Resolution approving, authorizing and directing the following actions:

1. Approve Bylaws of the Parking Authority.

2. Authorize the Executive Director to execute an Operations Agreement, substantially in the form submitted herewith, by and between the City of Eastvale and the Parking Authority.

3. Confirm the City Council as the Parking Authority governing board and the City executive staff members to serve as executive staff of the Parking Authority and other matters as provided in the Bylaws of the Parking Authority submitted herewith.

4. Adopt the City’s current Personnel Rules and Regulations and Conflicts of Interest Code as the Parking Authority’s Personnel Rules and Regulations and Conflicts of Interest Code.

11.5 A Resolution of the City Council of the City of Eastvale Approving, Authorizing and Directing the Execution of an Operations Agreement by and between the City of Eastvale and the Eastvale Parking Authority
The City Council entered into an agreement to provide staffing and administrative services to the Eastvale Parking Authority (the “Parking Authority”) in the form attached hereto as Attachment 3 (the “Operations Agreement”).

11.6 Formation of Eastvale Public Financing Authority
The City of Eastvale (the “City”) and the Eastvale Parking Authority (the “Parking Authority”) entered into a Joint Exercise of Powers Agreement (the “JPA Agreement”) creating the Eastvale Public Financing Authority in the form attached hereto as Attachment 3. Resolutions of the City and the Parking Authority approving the JPA Agreement are attached hereto as Attachment 1 and Attachment 2, respectively.

11.7 Approval of List of Projects for 2024-2029 Riverside County Comprehensive Economic Development Strategy Plan
The City Council adopted Resolution 25-03 to approve the proposed list of infrastructure and planning projects to be included in the 2024-2029 Riverside County Comprehensive Economic Development Strategy Plan.

11.8 Approval of Agreements for the 2024-2025 Community Development Block Grant Program Year
The City Council:
10 Eastvale City Council/Eastvale Parking Authority Meeting Minutes January 8, 2025 Page - 4

1. Approved the Supplemental Agreement for the 2024-2025 Community Development Block Grant Program Year;

2. Approved the Subrecipient Agreement for the YMCA Senior Health and Wellness Program for the 2024-2025 Community Development Block Grant Program Year;

3. Authorized the City Manager to execute the Supplemental Agreement for the 2024-2025 Community Development Block Grant Program Year;

4. Authorized the City Manager to execute the Subrecipient Agreement for the YMCA Senior Health and Wellness Program for the 2024-2025 Community Development Block Grant Program Year.

11.9 Reciprocal License Agreement between the City of Eastvale and the City of Ontario for the Installation and Use of Flock Safety Cameras
The City Council authorized the City Manager to execute the Reciprocal License Agreement with the City of Ontario for the installation and use of Flock Safety Cameras on respective public right of way infrastructure.

11.10 Finding of Conformity to Eastvale General Plan 2040 for City Acquisition of Property for Civic Center
The City Council adopted Resolution 25-04 finding that the acquisition of the property generally located between Bootsma Boulevard and Premier Place and northwest of the intersection of Limonite Avenue and Hamner Avenue (Lots 5 and J within the Leal Master Plan Amendment No. 1; also Lots 65 & "S" of Tract Map 38594) for public purposes conforms with the Eastvale General Plan 2040.

11.11 Letter of Support for the Riverside County Regional Park and Open-Space District's (RivCoParks) Effort to Garner Federal Grant Funding for Phase 6 The Santa Ana River Trail (SART) Project
The City Council authorized approval for the Mayor to sign a letter of support for an application being submitted by RivCoParks, with the support of the Riverside County Transportation Commission (RCTC), for a Rebuilding American Infrastructure with Sustainability and Equity (RAISE) funding grant.

11.12 Third Contract Amendment with FALCON Engineering Services for the Limonite Gap Closure Project
The City Council approved the Third Amendment to the Professional Services Agreement with FALCON for the Limonite Gap Closure Project increasing the contract amount by $55,000 and amending the total contract compensation to $2,251,969.08.

12. PUBLIC HEARINGS
11 Eastvale City Council/Eastvale Parking Authority Meeting Minutes January 8, 2025 Page - 5

12.1 Update of the City’s Participation in the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) Program, Amending Chapter 4.72 of the Eastvale Municipal Code and the TUMF Fee Schedule
City Planner Murray presented a PowerPoint presentation and answered related questions.

Mayor McMinn opened the public comment period. Hearing no response, Mayor McMinn closed the public comment period.

On motion of Councilmember Dinco and second by Councilmember Rigby, the City Council voted to:

1. Determine that the proposed updates and amendments related to the TUMF program are not subject to the California Environmental Quality Act (“CEQA”) pursuant to Section 21080 (b)(8) of the Public Resources Code and Sections 15273 and 15378(b)(4) of the State CEQA Guidelines and that there is no possibility that the ordinance and resolution would have a significant impact on the environment; and

2. Introduce Ordinance 25-01, entitled: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, AMENDING CHAPTER 4.72 OF THE EASTVALE MUNICIPAL CODE REGARDING THE CITY’S PARTICIPATION IN THE WESTERN RIVERSIDE COUNTY TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) PROGRAM; and

3. Adopt Resolution 25-05, entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY

COUNCIL OF THE CITY OF EASTVALE AMENDING THE APPLICABLE TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) APPLICABLE TO ALL DEVELOPMENTS IN EASTVALE.

Councilmember Lorimore and Mayor Pro Tem Yow voted in opposition.

13. CITY COUNCIL BUSINESS – None

14. CITY MANAGER/CITY STAFF REPORT
City Manager Orme provided an update on upcoming City events.

15. CITY COUNCIL COMMUNICATIONS/COMMITTEE REPORTS

15.1 League of California Cities
No report was provided.

15.2 Southern California Association of Governments
No report was provided.

15.3 Western Riverside Council of Governments
Councilmember Dinco provided a report.
12 Eastvale City Council/Eastvale Parking Authority Meeting Minutes January 8, 2025 Page - 6

15.4 Riverside Transit Agency
Mayor Pro Tem Yow provided a report.

15.5 Northwest Mosquito and Vector Control District
No report was provided.

15.6 Riverside County Transportation Commission
No report was provided.

15.7 Western Riverside County Regional Conservation Authority Mayor Pro Tem Yow provided a report.

15.8 Finance Committee
No report was provided.

15.9 Eastvale Schools Committee
Councilmember Rigby and Mayor Pro Tem Yow provided a report.

15.10 Business and Development Success Ad-Hoc Committee No report was provided.

15.11 Eastvale Legislative Ad-Hoc Committee
No report was provided.

15.12 Eastvale Community Services Ad-Hoc Committee
No report was provided.

15.13 City Council Communications
The City Council provided comments.

ADJOURNMENT – Mayor/Chair McMinn adjourned the regular meeting at 7:30 P.M. in memory of RSO Deputy Timothy Corlew. The next regular meeting of the Eastvale City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting is scheduled for Wednesday, January 22, 2025, at 6:30 P.M.

Marc A. Donohue, MMC
Government Services Director/City Clerk/Secretary
13 AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.2
January 22, 2025
Treasurer’s Report: December 2024
Prepared By:

Amanda Wells, Finance Director/City Treasurer
Recommended Action(s)
Staff recommends that the City Council receive and file the City Treasurer’s Report.

Summary
In accordance with the City of Eastvale’s Investment Policy, adopted July 24, 2024, the City Treasurer is required to submit a quarterly treasurer’s report to the City Council. The report shall include types of investments, credit ra*ngs, ins*tu*ons involved, dates of purchases, dates of maturity, amount of deposits or cost of the security, current market value of the securi*es, interest rates, investment fund balances, and a statement as to whether investments are in compliance with the Investment Policy and whether there are sufficient funds to meet the City’s cash obliga*ons for the next six months.

Background
The Schedule of Investments includes a breakdown of the City’s investments by “Ac*ve” or “Inac*ve” Deposits. “Ac*ve Deposits” are those accounts which receive revenues, whereas “Inac*ve Deposits” are available for use but are not earning revenues. Detail reports for the PFM Managed Investment Por2olio, with all supplemental informa*on required by the City’s investment policy, are included in the report.

The Dash Board Report Card, consists of two sections:

I. Por2olio Diversifica*on – This sec*on reflects the diversifica*on of the City of Eastvale’s por2olio by both type of instrument and length of maturity. 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
eastvaleca.gov
14 II. Por2olio Performance Measures – This sec*on compares budget to actuals in for interest earnings. Also included is a cash breakdown report per the City’s fund balance reserve policy showing funds restricted, commi@ed, designated, and unassigned in addi*on to investment income received as of December 31, 2024, broken down by investment type. The City of Eastvale’s Schedule of Investments complies with the City’s Investment Policy. The City has sufficient funds to meet its expenditure requirements for the next six months. Total cash and investments as of the en d of
December are $243,743,432 (book value). Ac*ve deposits total $231,737,006; inac*ve deposits total $12,006,426. Net investment income received for fiscal year 2024-25 through the end of December (six months of the fiscal year) is $3,824,471. The net annualized yield on investments is 3.965%.

Environmental
Government investment reports are not considered a Project as defined by the California Environmental Quality Act (CEQA) and no environmental review is required.

Strategic Plan Action - Priority Level: N/A
| Target #: N/A
| Goal #: N/A
The Treasurer's Report is an activity required by the city's investment policy.

Fiscal Impact
Not applicable.

Prior City Council/Commission Action
Not applicable.

Attachment(s)
Attachment #1 - Investment Report: December 2024

Attachment #2 - PFM Statement: December 2024

12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
15 Introduction
Month Ending
Active Deposits
Ending Book
Value
Inactive
Deposits
Ending Book
Value Interest
Realized
Gain/(Loss)
Yield at
Cost
January 31, 2024 $ 194,307,263 $ 12,000,700 584,092$ $ (7,084)3.527% February 29, 2024 204,463,261 12,101,038 558,481 (11,458)3.372% March 31, 2024 209,324,487 12,443,787 530,291 (22,800)3.301% April 30, 2024 209,110,461 12,444,448 565,977 (10,957)3.503% May 31, 2024 215,336,889 12,039,052 565,977 (10,957)3.435% June 30, 2024 217,052,100 12,027,115 502,116 (84,053)3.457% July 31, 2024 219,078,760 12,005,719 707,498 (30,789)3.470% August 31, 2024 224,269,130 12,000,700 578,085 (6,426)4.343% September 30, 2024 220,619,776 12,000,700 522,756 (34,977)4.423% October 31, 2024 224,608,968 13,782,141 1,010,209 (6,859)4.287% November 30, 2024 224,951,865 12,000,700 496,917 (3,359)4.166% December 31, 2024 231,737,006 12,006,426 539,795 (1,210)3.983%

CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2024-25 as of December 31, 2024
In accordance with the City Investment Policy, a quarterly investment report shall be filed with the City Council which provides a clear picture of the status of the current investments. The report for the month ending December 31, 2024 has been prepared by City Staff. We hereby certify that this report accurately reflects all pooled investments and is in compliance with the City’s Investment Policy. Combined with anticipated revenues, the portfolio contains sufficient investment liquidity to meet budgeted expenditures for the next six months.
12 MONTH BALANCES
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov16 Schedule of Investments
Par Value
Book Value Price
@ Cost
(Fair Value)
Market Value Yield
Money Market Accounts:

Citizens Business Bank - Money Market 3,014,726$ 3,014,726$ 3,014,726$ 0.100% First American Govt Oblig Fund CI Y 104,630 104,630 104,630 4.030% Total Money Market 3,119,356 $ 3,119,356$ 3,119,356$ 0.232% Sweep Accounts:

Citizens Business Bank - General Sweep 20,633,820$ 20,633,820$ 20,633,820$ 0.100% Total Sweep Accounts 20,633,820 $ 20,633,820$ 20,633,820$ 0.100% Pooled Investment Accounts:

CAMP Pool 107,283,063 $ 107,283,063$ 107,283,063$ 4.730% Local Agency Investment Fund* 61,157,844 61,157,844 61,283,895 4.434% Total Pooled Investment 168,440,907$ 168,440,907$ 168,566,959$ 4.623% PFM Managed Investment Portfolio:

U.S. Treasury Bond / Note 20,780,000$ 20,040,316$ 19,976,882$ 2.850% U.S. Treasury Bill - - - 0.000% Supra-National Agency Bond / Note - - - 0.000% Municipal Bond / Note 410,000 411,018 403,627 1.090% Federal Agency Commercial 8,082,538 8,027,354 8,067,100 4.820% Asset-Back Security / Collateralized 1,886,206 1,885,926 1,904,439 5.140% Certificate of Deposit 360,000 360,000 366,991 5.080% Federal Agency Bond / Note 770,000 768,603 745,944 0.540% Bank Note 925,000 925,020 936,802 5.480% Corporate Note 7,161,000 7,124,685 7,061,624 3.990% Total PFM Managed Investments 40,374,744$ 39,542,923$ 39,463,411$ 3.583% 232,568,827$ 231,737,006$ 231,783,546$ 3.983% Checking Account:

Citizens Business Bank - General Account 12,006,426$ 12,006,426$ 12,006,426$ 0.000% Citizens Business Bank - HdL Holding -$ -$ -$ 0.000% Total Inactive Deposits 12,006,426 $ 12,006,426$ 12,006,426$ 0.000% 12,006,426$ 12,006,426$ 12,006,426$ 244,575,253$ 243,743,432$ 243,789,972$
*yield as of the prior quarter end
Per Government Code requirements, the Investment Report is in compliance with the City of Eastvale's Investment Policy, and there are adequate funds available to meet budgeted and actual expenditures for the next six months.

CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2024-25 as of December 31, 2024

GRAND TOTAL CASH
Institution

ACTIVE DEPOSITS TOTAL

INACTIVE DEPOSITS TOTAL

INACTIVE DEPOSITS

ACTIVE DEPOSITS
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov17 Dash Board Report Card
I. PORTFOLIO DIVERSIFICATION
Money Market 1.35%Sweep 8.90%LAIF 26.44%CAMP Pool 46.29%Certificates of Deposit 0.16%U.S. Treasury Bond/ Note 8.62%U.S. Treasury Bill 0.00%Supra-National Agency Bond/Note 0.00%Municipal Bond / Note 0.17%Federal Agency Collaterized Mortgage 3.48%Asset-Backed Security/ Collateralized 0.82%Federal Agency Bond/ Note 0.32%Bank Note 0.40%Corporate Note 3.05%100.00% Less Than 90 Days 82.97%90 days to Six Months (26 Weeks) 0.16%Six Months to One Year (52 Weeks) 1.56%One to Two Years (104 Weeks) 3.75%Two to Three Years (156 Weeks) 3.03%Three to Four Years (208 Weeks) 4.66%Four to Five Years 3.87%Five Years + 0.00%100.00% II. PORTFOLIO PERFORMANCE MEASURES
Yield at Cost - December 31, 2024 3.983%
Annual Investment Income Budget 4,259,578$ A
Investment Income Received - YTD 12/31/2024 3,824,471 B Less Investment Fees (20,783) C
Net Investment Income Received - YTD 12/31/2024 3,803,689$ B+C Over/(Under) Annual Budget (455,889)$ C-B
% of Annual Budget 89.297%
Net Yield Annualized at Cost - December 31, 2024 3.965%

CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2024-25 as of December 31, 2024

DIVERSIFICATION BY INSTRUMENT

DIVERSIFICATION BY MATURITY
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov18

Dash Board Report Card
02/28
Active Investments: Diversification by Maturity
Active Investments: Diversification by Investment

CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2024-25 as of December 31, 2024
0%10%20%30%40%50%60%70%80%90%0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 >5% of PortfolioMaturity in Years Citizens Business Bank - Money Market1%First American Govt Oblig Fund CI Y0%CAMP Pool51%Local Agency Investment Fund29%U.S. Treasury Bond / Note10%U.S. Treasury Bill0%Supra-National Agency Bond / Note0%Municipal Bond / Note0%Federal Agency Commercial4%Asset-Back Security / Collateralized1%Certificate of Deposit0%Federal Agency Bond / Note0%Bank Note1%Corporate Note3% Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov19

Dash Board Report Card

CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2024-25 as of December 31, 2024
All Activity: Year Over Year Interest Income
- 1.00 2.00 3.00 4.00 5.00 6.00 7.002019-20 2020-21 2021-22 2022-23 2023-24 2024-25 YTDNet Interest Income ReceivedMillionsFiscal Year Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov20 Cash Breakdown per Fund Balance Reserve Policy
Schedule of Investments - December 31, 2024
Money Market Accounts 3,119,356$ Sweep Accounts 20,633,820 Pooled Investment Accounts 168,440,907 PFM Managed Investments 39,542,923 Checking Account 12,006,426 Grand Total Cash - December 31, 2024 243,743,432$
Breakdown of Total Cash at December 31, 2024
Non-Spendable & Restricted Funds (Non-Discretionary Per Law): 68,007,758$ per 06/30/2023 audited financials
Committed (Formal Action of City Council): 118,610,029
per fiscal year 2024-25 budget
Assigned (City's Intent):
per fiscal year 2024-25 budget
Fire Operations
per fiscal year 2024-25 budget 6,861,150
General Fund Emergency Contingency:
per fund balance reserve policy + 18,863,127
- Cash Flow for CIP Grants 19,500,000
- Cover Special Revenue Fund Negative Fund Balance177,584 - Business Incentive Loan Program 230,000
- Land Purchases 10,000,000
- Financial System Implementation (FY 2025-26)1,000,000 - ATP Cycle 7 Grant Trail Improvement CIP Match (FY 2025-26)5,500,000 All Funds Adopted Budget
Revenues 103,653,646
Expenditures 81,496,888
All Funds Net Revenue - 22,156,758
Total Designated/ Assigned 39,975,103
Unassigned 17,150,542
Grand Total Cash - December 31, 2024 243,743,432$
Fiscal Year 2024-25 as of December 31, 2024
Treasurer's Report

CITY OF EASTVALE
*Restricted, committed, and assigned figures based on estimated fund balances at the end of the fiscal year, 06/30/2025. However cash estimates in this report are based on the current month. As a result, it is typical that a variance exists between projected unassigned cash balance and current unassigned cash balances. The variance will not be resolved until the end of the fiscal year. A negative unassigned cash balance in the current period does not indicate a cash flow issue for the city.

Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov21 Investment Income Detail
Yield at Cost - December 31, 2024 3.983%
Annual Investment Income Budget A 4,259,578$
Investment Income Received YTD:

Money Market (CBB) 1,536$
Sweep (CBB) 11,497
Money Market (PFM) 2,743
LAIF 598,352
CAMP Pool 2,724,779
Certificate of Deposits 38,052
Municipal Bond/Note 3,631
U.S. Treasury Bill 176,494
U.S. Treasury Bond/ Note 302
Federal Agency Bond/ Note 3,372
Federal Agency Commercial Mortgage Backed Security 48,699 Asset-Backed Security 169,467
Corporate Note 118,961
Bank Note 9,956
Supra-National Agency Bond/Note 250
Realized Gain/ (Loss) (83,621)
Total Investment Income Received - YTD 12/31/2024B 3,824,471 Less Investment Fees Paid:

Trust Fees-U.S. Bank (2,164)
Management Fee-PFM (18,619)
Total Investment Fees Paid - YTD 12/31/2024 C (20,783)
Net Investment Income Received - YTD 12/31/2024 B+C 3,803,689$ Investment Income Over/(Under) Annual Budget C-B (455,889)$ % of Annual Budget 89.297%
Net Yield Annualized at Cost - December 31, 2024 3.965% Fiscal Year 2024-25 as of December 31, 2024
Treasurer's Report

CITY OF EASTVALE
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov22

CITY OF EASTVALE

ACCOUNT STATEMENT
For the Month Ending
December 31, 2024
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF EASTVALE

AMANDA WELLS
12363 LIMONITE AVE
SUITE 910
EASTVALE, CA 91732
Client Management Team
Accounts included in Statement
20240100 CITY OF EASTVALE - INVESTMENT PORTFOLIO
https://www.pfmam.comOnline Access 1-717-232-2723Customer Service Richard Babbe, CCM
Senior Managing Consultant
633 W 5th St., 25th Floor
Los Angeles, CA 90071
949-230-6896
[email protected]

23 For the Month Ending December 31, 2024
Account Statement
Important Disclosures
Important Disclosures
Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.

Monthly distribution yield represents the net change in the value of one share (normally $1.00 per share) resulting from all dividends declared during the month by a fund expressed as a percentage of the value of one share at the beginning of the month. This resulting net change is then annualized by multiplying it by 365 and dividing it by the number of calendar days in the month.

YTM at Cost The yield to maturity at cost is the expected rate of return, based on the original cost, the annual interest receipts, maturity value and the time period from purchase date to maturity, stated as a percentage, on an annualized basis.

YTM at Market The yield to maturity at market is the rate of return, based on the current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

Managed Account A portfolio of investments managed discretely by PFMAM according to the client’s specific investment policy and requirements. The investments are directly owned by the client and held by the client’s custodian.

Unsettled Trade A trade which has been executed however the final consummation of the security transaction and payment has not yet taken place.

In August 2024, PFMAM converted its portfolio accounting system from FIS Investment Accounting Manager to SS&C PORTIA. The new system has recalculated the amortized cost and yield to maturity at cost of each security, based upon original cost and settlement date. Some securities, including some factored securities and previously exchanged securities, are now on a modified amortization schedule as compared with that of the past. Where transfers have occurred between your portfolios we have returned their settlement dates to the settlement dates of the original purchases in order to minimize any impact to their amortization schedules.

Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.

PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101
NOT FDIC INSURED     NO BANK GUARANTEE     MAY LOSE VALUE This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

Proxy Voting PFMAM does not normally receive proxies to vote on behalf of its clients.

However, it does on occasion receive consent requests. In the event a consent request is received the portfolio manager contacts the client and then proceeds according to their instructions. PFMAM’s Proxy Voting Policy is available upon request by contacting Service Operations at the address below.

Questions About an Account PFMAM’s monthly statement is intended to detail our investment advisory activity as well as the activity of any accounts held by clients in pools that are managed by PFMAM. The custodian bank maintains the control of assets and executes (i.e., settles) all investment transactions. The custodian statement is the official record of security and cash holdings and transactions. PFMAM recognizes that clients may use these reports to facilitate record keeping and that the custodian bank statement and the PFMAM statement should be reconciled and differences resolved.

Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference.

Account Control PFMAM does not have the authority to withdraw funds from or deposit funds to the custodian outside the scope of services provided by PFMAM. Our clients retain responsibility for their internal accounting policies; implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions.

Market Value Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may be differences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local government investment program is contained in the appropriate fund offering documentation or information statement.

Amortized Cost The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short term securities (those with less than one year to maturity at time of issuance) is amortized on a straightline basis. Such discount or premium with respect to longer term securities is amortized using the constant yield basis.

Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine the tax consequences of your security transactions. PFMAM does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported to federal, state or other taxing authorities.

Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.

Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.

Portfolio The securities in this portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by PFMAM, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency. Investment in securities involves risks, including the possible loss of the amount invested. Actual settlement values, accrued interest, and amortized cost amounts may vary for securities subject to an adjustable interest rate or subject to principal paydowns. Any changes to the values shown may be reflected within the next monthly statement’s beginning values.

Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.

Shares of some local government investment programs and TERM funds are distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
https://www.finra.org/investors/investor-contacts. A brochure describing the FINRA Regulation Public Disclosure Program is also available from FINRA upon request.

Key Terms and Definitions
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses on the sale of securities prior to maturity, less ratable amortization of any premium and all accrued expenses to the fund. Dividends are accrued daily and may be paid either monthly or quarterly. The monthly earnings on this statement represent the estimated dividend accrued for the month for any program that distributes earnings on a quarterly basis. There is no guarantee that the estimated amount will be paid on the actual distribution date.

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by 365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.
24 For the Month Ending December 31, 2024
Account Statement
Consolidated Summary Statement

CITY OF EASTVALE
Investment Allocation
Investment Type Closing Market Value Percent
1,904,439.36 1.30 Asset-Backed Security
745,944.44 0.51 Federal Agency Bond / Note
7,061,624.36 4.81 Corporate Note
936,802.45 0.64 Bank Note
366,991.20 0.25 Certificate of Deposit
8,067,099.59 5.50 Federal Agency Commercial Mortgage-Backed Security 403,627.45 0.28 Municipal Bond / Note
19,976,882.30 13.61 U.S. Treasury Bond / Note
107,283,063.40 73.10 CAMP Pool
$146,746,474.55 Total 100.00%
Portfolio Summary
and Income
Closing
Market ValuePortfolio Holdings
Cash Dividends
PFMAM Managed Account 70,295.06 39,463,411.15
CAMP Pool 0.00 107,283,063.40
$70,295.06 $146,746,474.55 Total
Maturity Distribution (Fixed Income Holdings)
Portfolio Holdings Closing Market Value Percent
107,283,063.40

0.00 0.00
382,430.17
3,607,970.93
8,682,129.19
7,025,349.64
10,799,497.17
8,966,034.05

0.00 73.10

0.00 0.00

0.26 2.46

5.92 4.79

7.36 6.11

0.00 Under 30 days
31 to 60 days
61 to 90 days
91 to 180 days
181 days to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
Over 5 years
Total $146,746,474.55
275
100.00%
Weighted Average Days to Maturity
Sector Allocation

1.30%
ABS

0.51%
Fed Agy Bond /
Note

4.81%
Corporate Note

0.64%
Bank Note

0.25%
Cert of Deposit

5.50%
Federal Agency
Commercial
Mortgage-Backed
Security

0.28%
Muni Bond / Note

13.61%
US TSY Bond / Note

73.10%
CAMP Pool
Summary Page 1PFM Asset Management
25 For the Month Ending December 31, 2024Managed Account Summary Statement CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
$39,499,807.56
(10,575.01)
(197,696.88)
295,530.08

0.00 (123,654.60)
$39,463,411.15
67,882.61
(200.58)
2,613.03
$70,295.06
Total
39,956,012.27
226,614.83
197,747.85
10,575.01
67,831.64
(295,730.66)
(39,857,787.45)
(190,322.71)
Total Accrual Basis Earnings $114,940.78
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Transaction Summary - Managed Account
_________________
_________________
_______________________________________________ _______________________________________________ Reconciling Transactions Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary - Managed Account

0.00 197,747.85
67,831.64
10,575.01
(295,730.66)
(340.56)

0.00 Cash Balance
$104,629.59 Closing Cash Balance
Account 20240100 Page 1PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
26 For the Month Ending December 31, 2024Portfolio Summary and Statistics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 20,780,000.00 19,976,882.30 50.63 Municipal Bond / Note 410,000.00 403,627.45 1.02
Federal Agency Commercial
Mortgage-Backed Security
8,082,538.05 8,067,099.59 20.44
Federal Agency Bond / Note 770,000.00 745,944.44 1.89 Corporate Note 7,161,000.00 7,061,624.36 17.89
Certificate of Deposit 360,000.00 366,991.20 0.93
Bank Note 925,000.00 936,802.45 2.37
Asset-Backed Security 1,886,205.92 1,904,439.36 4.83 Managed Account Sub-Total 40,374,743.97 39,463,411.15 100.00% Accrued Interest 226,614.83
Total Portfolio 40,374,743.97 39,690,025.98
Unsettled Trades 0.00 0.00
Sector Allocation

4.83%
ABS

2.37%
Bank Note

0.93%
Cert of Deposit

17.89%
Corporate Note

1.89%
Fed Agy Bond /
Note

20.44%
Federal Agency
Commercial
Mortgage-Backed
Security

1.02%
Muni Bond / Note

50.63%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

0.97%

9.14%

22.00%

17.80%

27.37%

22.72%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1020

3.59%

4.48%
Account 20240100 Page 2PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
27 For the Month Ending December 31, 2024Managed Account Issuer Summary CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Credit Quality (S&P Ratings)

5.40%
A

10.43%
A+

1.38%
A-

1.02%
AA

74.36%
AA+

0.79%
AA-

5.53%
AAA

0.66%
BBB+

0.43%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
381,747.60 0.97 Adobe Inc
313,945.06 0.80 American Express Co
551,395.04 1.40 Apple Inc
136,300.19 0.35 BA Credit Card Trust
582,899.40 1.48 Bank of America Corp
595,696.24 1.51 Bank of New York Mellon Corp
312,276.75 0.79 BlackRock Inc
129,808.61 0.33 Bristol-Myers Squibb Co
804,277.51 2.04 Citigroup Inc
366,991.20 0.93 Cooperatieve Rabobank UA
277,656.50 0.70 Deere & Co
289,250.75 0.73 Eli Lilly & Co
7,715,862.35 19.54 Federal Home Loan Mortgage Corp
1,097,181.68 2.78 Federal National Mortgage Association 267,906.52 0.68 Fifth Third Auto Trust
35,178.78 0.09 GM Financial Consumer Automobile Receiv 259,048.92 0.66 Goldman Sachs Group Inc
373,641.06 0.95 Home Depot Inc
242,391.36 0.61 Honda Auto Receivables Owner Trust
113,308.78 0.29 Hyundai Auto Receivables Trust
266,872.59 0.68 International Business Machines Corp
1,115,847.79 2.83 JPMorgan Chase & Co
279,934.80 0.71 Mastercard Inc
450,837.03 1.14 Microsoft Corp
375,158.54 0.95 Morgan Stanley
277,525.60 0.70 PACCAR Inc
184,628.15 0.47 PepsiCo Inc
280,246.20 0.71 State Board of Administration Finance C 271,111.95 0.69 Target Corp
161,068.06 0.41 Toyota Auto Receivables Owner Trust
291,508.68 0.74 Toyota Motor Corp
19,976,882.30 50.61 United States Treasury
Account 20240100 Page 3PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
28 For the Month Ending December 31, 2024Managed Account Issuer Summary CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Percentof HoldingsIssuer
Market Value
123,381.25 0.31 University of California Board of Regen 561,643.91 1.42 Wells Fargo & Co
$39,463,411.15 Total 100.00%
Account 20240100 Page 4PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
29 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
58,065.96 59,346.55 25.69 57,110.16 03/01/2203/01/22AaaAA+ 60,000.00 91282CAT8 1.61

US TREASURY N/B
DTD 11/15/2022 4.500% 11/15/2025
340,629.68 341,315.18 1,986.46 344,462.50 12/02/2212/01/22AaaAA+ 340,000.00 91282CFW6 4.02

US TREASURY N/B
DTD 11/30/2020 0.375% 11/30/2025
801,487.84 825,276.54 273.63 808,893.36 11/03/2111/02/21AaaAA+ 830,000.00 91282CAZ4 1.01

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
192,582.80 199,305.38 2.07 196,757.81 05/07/2105/05/21AaaAA+ 200,000.00 91282CBC4 0.73

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
1,059,205.40 1,094,509.05 11.40 1,073,917.97 04/07/2104/05/21AaaAA+ 1,100,000.00 91282CBC4 0.89

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
211,088.24 214,243.19 345.24 200,062.50 05/04/2205/03/22AaaAA+ 220,000.00 91282CBH3 2.95

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
479,746.00 497,728.41 784.65 489,648.44 02/26/2102/26/21AaaAA+ 500,000.00 91282CBH3 0.80

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
638,062.18 654,853.03 1,043.58 627,931.45 02/18/2202/17/22AaaAA+ 665,000.00 91282CBH3 1.84

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
690,834.24 712,398.85 1,129.89 691,481.25 01/10/2201/06/22AaaAA+ 720,000.00 91282CBH3 1.38

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
738,808.84 766,497.67 1,208.36 755,201.56 07/07/2107/02/21AaaAA+ 770,000.00 91282CBH3 0.80

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
777,188.52 809,444.38 1,271.13 807,437.11 02/04/2102/02/21AaaAA+ 810,000.00 91282CBH3 0.44

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
675,423.14 699,794.15 1,197.72 685,998.05 12/07/2112/03/21AaaAA+ 705,000.00 91282CBQ3 1.15

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
100,000.22 104,935.08 69.23 104,770.31 06/04/2106/02/21AaaAA+ 105,000.00 91282CCF6 0.79

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
990,478.32 1,009,214.75 685.71 953,143.75 06/08/2206/06/22AaaAA+ 1,040,000.00 91282CCF6 2.99 Account 20240100 Page 5PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
30 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
533,152.65 547,574.66 1,263.10 520,219.34 04/07/2204/05/22AaaAA+ 565,000.00 91282CCZ2 2.77

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
719,677.50 741,074.37 6,373.98 730,605.47 07/07/2207/05/22AaaAA+ 750,000.00 912828V98 2.85

US TREASURY N/B
DTD 04/30/2020 0.500% 04/30/2027
201,781.36 208,522.05 188.40 196,625.00 08/05/2208/03/22AaaAA+ 220,000.00 912828ZN3 2.92

US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
997,951.50 1,021,113.45 8,923.57 995,490.23 09/06/2209/01/22AaaAA+ 1,050,000.00 9128282R0 3.40

US TREASURY N/B
DTD 09/30/2022 4.125% 09/30/2027
154,370.39 154,434.62 1,633.57 153,988.87 11/03/2211/01/22AaaAA+ 155,000.00 91282CFM8 4.27

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
378,456.44 383,053.00 2,684.67 385,284.38 12/08/2212/06/22AaaAA+ 380,000.00 91282CFU0 3.81

US TREASURY N/B
DTD 11/02/2020 0.500% 10/31/2027
909,000.00 921,979.23 864.92 860,117.58 01/06/2301/04/23AaaAA+ 1,010,000.00 91282CAU5 3.91

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027
568,441.55 576,544.15 1,958.79 577,380.86 06/05/2306/01/23AaaAA+ 575,000.00 91282CFZ9 3.77

US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2027
513,966.96 522,971.17 55.66 524,875.00 01/31/2301/31/23AaaAA+ 520,000.00 91282CGC9 3.66

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
202,139.55 207,243.56 706.18 197,868.16 05/18/2305/16/23AaaAA+ 225,000.00 91282CBJ9 3.56

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
345,883.23 353,737.94 1,208.36 334,258.20 01/31/2301/31/23AaaAA+ 385,000.00 91282CBJ9 3.66

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
564,745.17 565,990.52 7,746.96 563,676.56 03/07/2303/03/23AaaAA+ 570,000.00 91282CGP0 4.25

US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
1,007,975.46 1,036,233.41 3,544.99 998,696.48 05/09/2305/08/23AaaAA+ 1,110,000.00 91282CBS9 3.50

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
604,281.76 618,146.79 3,716.57 617,214.84 05/01/2305/01/23AaaAA+ 620,000.00 91282CHA2 3.60 Account 20240100 Page 6PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
31 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 04/30/2024 4.625% 04/30/2029
358,355.82 355,684.23 2,812.05 355,776.56 05/03/2405/02/24AaaAA+ 355,000.00 91282CKP5 4.58

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
165,766.92 166,340.27 652.75 166,495.31 06/07/2406/06/24AaaAA+ 165,000.00 91282CKT7 4.30

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
1,029,764.20 1,032,604.84 4,054.95 1,033,488.29 06/06/2406/05/24AaaAA+ 1,025,000.00 91282CKT7 4.31

US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
164,065.44 165,082.98 19.37 165,090.23 07/09/2407/08/24AaaAA+ 165,000.00 91282CKX8 4.24

US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
372,876.00 372,680.61 44.03 372,451.17 07/03/2407/02/24AaaAA+ 375,000.00 91282CKX8 4.40

US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
39,360.92 40,257.14 669.57 40,278.12 08/02/2408/01/24AaaAA+ 40,000.00 91282CLC3 3.85

US TREASURY N/B
DTD 09/03/2024 3.625% 08/31/2029
1,055,256.25 1,092,124.97 13,425.52 1,092,256.64 09/05/2409/04/24AaaAA+ 1,090,000.00 91282CLK5 3.58

US TREASURY N/B
DTD 09/30/2024 3.500% 09/30/2029
481,035.00 498,640.71 4,471.15 498,574.22 10/03/2410/02/24AaaAA+ 500,000.00 91282CLN9 3.56

US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2029
266,856.93 268,044.58 1,907.53 267,996.09 11/15/2411/14/24AaaAA+ 270,000.00 91282CLR0 4.29

US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2029
296,507.70 299,284.10 2,119.48 299,261.72 11/04/2411/01/24AaaAA+ 300,000.00 91282CLR0 4.18

US TREASURY N/B
DTD 12/02/2024 4.125% 11/30/2029
291,612.22 295,524.23 1,069.78 295,530.08 12/06/2412/05/24AaaAA+ 295,000.00 91282CMA6 4.08 82,150.66 19,976,882.30 20,433,749.79 2.85 20,040,315.62 20,780,000.00 Security Type Sub-Total Municipal Bond / Note

UNIV OF CALIFORNIA-BG (CALLABLE)
DTD 07/16/2020 0.883% 05/15/2025
123,381.25 125,034.87 141.03 125,452.50 07/16/2007/14/20Aa2AA 125,000.00 91412HGE7 0.81

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
78,665.60 80,059.02 503.20 80,565.60 09/16/2009/03/20Aa2AA 80,000.00 341271AD6 1.11 Account 20240100 Page 7PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
32 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Municipal Bond / Note

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
201,580.60 205,000.00 1,289.45 205,000.00 09/16/2009/03/20Aa2AA 205,000.00 341271AD6 1.26 1,933.68 403,627.45 410,093.89 1.09 411,018.10 410,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
252,184.98 254,068.44 720.67 250,429.21 05/24/2305/19/23AaaAA+ 258,382.55 3137BTUM1 4.29 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
379,311.27 376,287.80 1,047.80 367,879.69 08/18/2308/16/23AaaAA+ 390,000.00 3137BXQY1 4.94 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
213,576.00 212,098.27 594.55 207,427.34 08/18/2308/16/23AaaAA+ 220,000.00 3137F1G44 4.93 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
333,618.11 330,538.86 896.14 322,628.91 08/22/2308/17/23AaaAA+ 345,000.00 3137F2LJ3 4.97 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
344,314.98 339,658.86 1,375.06 338,371.27 09/28/2309/20/23AaaAA+ 343,765.99 3137HAMR4 5.19 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
187,517.78 185,528.82 727.06 184,821.22 09/14/2309/07/23AaaAA+ 187,627.16 3137HAMG8 5.01 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
296,049.74 296,901.93 1,181.94 296,899.76 07/27/2307/19/23AaaAA+ 296,907.21 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
360,819.72 362,540.27 1,445.70 363,595.68 07/20/2307/13/23AaaAA+ 360,000.00 3137HACX2 4.59 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
351,237.24 353,979.64 1,248.52 352,252.70 07/31/2307/18/23AaaAA+ 358,327.47 3136BQDE6 4.58 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
199,320.44 197,527.02 867.80 197,526.68 09/28/2309/19/23AaaAA+ 197,527.68 3137HAMN3 5.27 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
374,187.00 370,773.22 1,453.13 369,452.63 09/14/2309/07/23AaaAA+ 375,000.00 3137HAMH6 4.99 Account 20240100 Page 8PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
33 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
379,889.42 373,527.58 1,501.00 371,664.32 10/19/2310/11/23AaaAA+ 380,000.00 3137HAQ74 5.25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
286,111.50 277,742.50 1,151.88 275,913.35 10/31/2310/25/23AaaAA+ 285,000.00 3137HAST4 5.60 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
370,719.28 366,534.64 1,480.00 365,577.39 09/28/2309/20/23AaaAA+ 370,000.00 3137HAMS2 5.07 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
146,573.54 144,666.13 612.50 144,580.81 11/21/2311/14/23AaaAA+ 145,000.00 3137HB3D4 5.14 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
210,677.67 209,516.02 850.50 209,396.67 12/07/2311/28/23AaaAA+ 210,000.00 3137HB3G7 4.93 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
191,640.08 191,439.33 791.67 191,774.22 12/21/2312/11/23AaaAA+ 190,000.00 3137HBCF9 4.79 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
214,744.37 216,771.01 846.38 217,147.64 01/18/2401/10/24AaaAA+ 215,000.00 3137HBFY5 4.50 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
218,456.26 221,831.42 838.20 222,199.78 02/08/2402/01/24AaaAA+ 220,000.00 3137HBLV4 4.34 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
342,272.18 343,557.56 1,494.94 345,045.31 03/14/2403/05/24AaaAA+ 335,000.00 3137HC2C5 4.67 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
382,896.38 383,514.99 1,687.50 385,102.50 02/22/2402/14/24AaaAA+ 375,000.00 3137HBPD0 4.79 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
384,802.87 384,553.08 1,711.56 386,248.88 03/07/2402/29/24AaaAA+ 375,000.00 3137HBPM0 4.79 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
319,343.68 321,835.71 1,258.67 321,965.12 07/25/2407/16/24AaaAA+ 320,000.00 3137HDV56 4.58 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
375,196.13 375,000.00 1,500.94 374,998.88 06/13/2406/05/24AaaAA+ 375,000.00 3137HDJJ0 4.80 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
346,558.10 353,048.89 1,325.04 353,273.90 08/15/2408/07/24AaaAA+ 350,000.00 3137HDXL9 4.33 Account 20240100 Page 9PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
34 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K529 A2
DTD 10/01/2024 4.791% 09/01/2029
204,970.07 208,942.54 818.46 209,097.34 10/16/2410/08/24AaaAA+ 205,000.00 3137HH6C0 4.34 FHMS K530 A2
DTD 11/01/2024 4.792% 09/01/2029
400,110.80 402,078.71 1,597.33 402,082.80 11/27/2411/19/24AaaAA+ 400,000.00 3137HHJL6 4.67 31,024.94 8,067,099.59 8,054,463.24 4.82 8,027,354.00 8,082,538.05 Security Type Sub-Total Federal Agency Bond / Note

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
334,221.86 344,789.45 258.75 343,764.90 11/12/2011/09/20AaaAA+ 345,000.00 3135G06G3 0.57

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
411,722.58 424,972.28 318.75 424,838.50 11/24/2011/19/20AaaAA+ 425,000.00 3135G06G3 0.51 577.50 745,944.44 769,761.73 0.54 768,603.40 770,000.00 Security Type Sub-Total Corporate Note

GOLDMAN SACHS GROUP INC (CALLABLE)
DTD 05/22/2015 3.750% 05/22/2025
259,048.92 261,041.42 1,056.25 289,486.60 02/18/2102/16/21A2BBB+ 260,000.00 38148LAE6 1.02

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 11/13/2020 0.750% 11/13/2025
129,808.61 133,736.78 134.00 132,665.36 06/21/2106/17/21A2A 134,000.00 110122DN5 0.98

BANK OF AMERICA CORP (CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
278,951.40 280,000.00 2,342.48 280,000.00 03/22/2203/17/22A1A- 280,000.00 06051GKM0 3.38

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/26/2022 4.080% 04/26/2026
339,116.68 340,000.00 2,504.67 340,000.00 04/26/2204/19/22A1A 340,000.00 46647PCZ7 4.08

MICROSOFT CORP (CALLABLE)
DTD 08/08/2016 2.400% 08/08/2026
450,837.03 466,856.21 4,433.00 470,156.85 02/25/2202/23/22AaaAAA 465,000.00 594918BR4 2.14

PACCAR FINANCIAL CORP
DTD 08/10/2023 5.050% 08/10/2026
277,525.60 275,606.50 5,439.27 276,130.25 08/11/2308/09/23A1A+ 275,000.00 69371RS56 4.90

BANK OF AMERICA NA (CALLABLE)
DTD 08/18/2023 5.526% 08/18/2026
303,948.00 298,537.71 6,124.65 297,474.00 10/24/2310/23/23Aa1A+ 300,000.00 06428CAA2 5.85 Account 20240100 Page 10PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
35 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Corporate Note

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
47,563.50 49,965.16 449.58 49,915.00 01/24/2201/19/22A2A 50,000.00 87612EBM7 1.99

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
223,548.45 234,941.02 2,113.04 234,856.65 01/31/2201/27/22A2A 235,000.00 87612EBM7 1.96

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
361,825.36 380,494.01 3,354.03 381,223.60 01/28/2201/26/22Aa3A 380,000.00 06406RBA4 1.98

ADOBE INC (CALLABLE)
DTD 02/03/2020 2.150% 02/01/2027
381,747.60 384,475.10 3,583.33 369,240.00 12/15/2212/13/22A1A+ 400,000.00 00724PAC3 4.20

IBM CORP (CALLABLE)
DTD 07/27/2022 4.150% 07/27/2027
266,872.59 272,615.43 4,793.25 275,146.20 08/04/2208/02/22A3A- 270,000.00 459200KT7 3.73

HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
373,641.06 377,159.03 3,245.67 368,000.10 01/27/2301/25/23A2A 390,000.00 437076BT8 4.15

BANK OF NY MELLON CORP (CALLABLE)
DTD 02/07/2017 3.442% 02/07/2028
233,870.88 233,901.12 3,304.32 233,169.60 08/07/2408/06/24Aa3A 240,000.00 06406RAB3 4.33

JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
142,390.50 140,758.58 1,494.89 140,933.80 06/04/2406/03/24A1A 140,000.00 46647PEE2 5.38

APPLE INC (CALLABLE)
DTD 05/10/2023 4.000% 05/10/2028
551,395.04 560,685.72 3,173.33 561,024.80 05/18/2305/16/23AaaAA+ 560,000.00 037833ET3 3.96

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
126,207.50 124,868.28 2,870.31 124,813.75 07/14/2307/11/23A1A 125,000.00 24422EXB0 4.98

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
151,449.00 151,443.02 3,444.38 152,037.00 07/17/2307/13/23A1A 150,000.00 24422EXB0 4.64

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
376,360.63 365,000.00 5,412.91 365,000.00 09/29/2309/26/23Aa3A+ 365,000.00 17325FBB3 5.80

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
427,916.88 421,912.95 6,154.40 423,026.10 05/03/2405/01/24Aa3A+ 415,000.00 17325FBB3 5.30

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
35,031.05 34,945.91 488.93 34,936.65 03/14/2403/05/24Aa3AA- 35,000.00 09290DAA9 4.74 Account 20240100 Page 11PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
36 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Corporate Note

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
277,245.70 275,885.54 3,869.54 275,714.72 04/11/2404/09/24Aa3AA- 277,000.00 09290DAA9 4.81

MASTERCARD INC (CALLABLE)
DTD 05/31/2019 2.950% 06/01/2029
279,934.80 277,869.61 737.50 275,595.00 06/27/2406/26/24Aa3A+ 300,000.00 57636QAM6 4.82

PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
184,628.15 184,737.54 3,792.50 184,713.25 07/17/2407/15/24A1A+ 185,000.00 713448FX1 4.53

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
49,408.25 49,905.73 897.36 49,898.50 08/09/2408/06/24A1A+ 50,000.00 89236TMK8 4.60

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
113,638.98 114,877.59 2,063.93 114,867.75 08/09/2408/07/24A1A+ 115,000.00 89236TMK8 4.58

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
128,461.45 129,503.93 2,333.14 129,465.70 08/09/2408/08/24A1A+ 130,000.00 89236TMK8 4.64

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
63,733.22 64,867.70 1,038.92 64,857.65 08/14/2408/12/24A1A+ 65,000.00 532457CQ9 4.25

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
225,517.53 230,313.03 3,676.17 230,335.80 08/14/2408/13/24A1A+ 230,000.00 532457CQ9 4.17 84,325.75 7,061,624.36 7,116,904.62 3.99 7,124,684.68 7,161,000.00 Security Type Sub-Total Certificate of Deposit

COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
366,991.20 360,000.00 8,331.20 360,000.00 07/20/2307/17/23Aa2A+ 360,000.00 21684LGS5 5.08 8,331.20 366,991.20 360,000.00 5.08 360,000.00 360,000.00 Security Type Sub-Total Bank Note

WELLS FARGO BANK NA (CALLABLE)
DTD 08/09/2023 5.450% 08/07/2026
561,643.91 554,588.77 12,099.00 554,239.65 08/22/2308/18/23Aa2A+ 555,000.00 94988J6D4 5.50

MORGAN STANLEY BANK NA (CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
375,158.54 370,593.17 1,979.91 370,780.70 05/31/2405/30/24Aa3A+ 370,000.00 61690U8B9 5.45 Account 20240100 Page 12PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
37 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
14,078.91 936,802.45 925,181.94 5.48 925,020.35 925,000.00 Security Type Sub-Total Asset-Backed Security
TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
9,383.18 9,413.64 1.80 9,413.07 09/27/2109/21/21AaaAAA 9,413.82 89239BAC5 0.43 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
6,764.86 6,791.64 2.23 6,790.59 11/17/2111/09/21NRAAA 6,792.10 44935FAD6 0.75 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
242,391.36 239,965.49 468.87 239,950.51 08/22/2308/15/23NRAAA 240,000.00 43815QAC1 5.42 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
75,585.45 74,988.04 172.00 74,983.04 08/15/2308/08/23NRAAA 75,000.00 89231FAD2 5.17 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
76,099.43 74,993.86 184.67 74,991.92 11/14/2311/07/23NRAAA 75,000.00 89239FAD4 5.54 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
267,906.52 264,988.04 651.31 264,983.57 08/23/2308/15/23AaaAAA 265,000.00 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
303,513.30 299,936.39 688.00 299,916.84 09/15/2309/07/23NRAAA 300,000.00 161571HT4 5.17 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
313,945.06 309,852.05 720.58 309,986.14 09/19/2309/12/23NRAAA 310,000.00 02582JKD1 5.24 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
106,543.92 104,989.25 258.53 104,986.19 11/13/2311/03/23NRAAA 105,000.00 44918CAD4 5.54 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
136,300.19 134,985.76 298.80 134,981.87 12/14/2312/07/23AaaNR 135,000.00 05522RDH8 4.98 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
35,178.78 34,994.21 70.73 34,992.96 01/17/2401/09/24AaaNR 35,000.00 36268GAD7 4.85 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/16/2029
330,827.31 329,958.69 674.67 329,949.74 01/31/2401/24/24NRAAA 330,000.00 161571HV9 4.60 4,192.19 1,904,439.36 1,885,857.06 5.14 1,885,926.44 1,886,205.92 Security Type Sub-Total 40,374,743.97 39,542,922.59 3.59 226,614.83 39,956,012.27 39,463,411.15 Managed Account Sub-Total Account 20240100 Page 13PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
38 For the Month Ending December 31, 2024Managed Account Detail of Securities Held CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
$40,374,743.97 $39,542,922.59 $226,614.83 $39,956,012.27 $39,463,411.15 3.59% $39,690,025.98
$226,614.83
Total Investments
Accrued Interest
Securities Sub-Total
Account 20240100 Page 14PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
39 For the Month Ending December 31, 2024Managed Account Fair Market Value & Analytics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(1,280.59) 955.80 58,065.96 96.78 RBC Capi 60,000.00 91282CAT8US TREASURY N/B DTD 11/02/2020 0.250% 10/31/2025

4.44 0.82
(685.50)(3,832.82) 340,629.68 100.19 HSBC 340,000.00 91282CFW6US TREASURY N/B DTD 11/15/2022 4.500% 11/15/2025

4.44 0.85
(23,788.70)(7,405.52) 801,487.84 96.56 Nomura 830,000.00 91282CAZ4US TREASURY N/B DTD 11/30/2020 0.375% 11/30/2025

4.33 0.90
(6,722.58)(4,175.01) 192,582.80 96.29 HSBC 200,000.00 91282CBC4US TREASURY N/B DTD 12/31/2020 0.375% 12/31/2025

4.22 0.98
(35,303.65)(14,712.57) 1,059,205.40 96.29 JPMorgan 1,100,000.00 91282CBC4US TREASURY N/B DTD 12/31/2020 0.375% 12/31/2025

4.22 0.98
(3,154.95) 11,025.74 211,088.24 95.95 JPMorgan 220,000.00 91282CBH3US TREASURY N/B DTD 02/01/2021 0.375% 01/31/2026

4.28 1.06
(17,982.41)(9,902.44) 479,746.00 95.95 BOFAML 500,000.00 91282CBH3US TREASURY N/B DTD 02/01/2021 0.375% 01/31/2026

4.28 1.06
(16,790.85) 10,130.73 638,062.18 95.95 Nomura 665,000.00 91282CBH3US TREASURY N/B DTD 02/01/2021 0.375% 01/31/2026

4.28 1.06
(21,564.61)(647.01) 690,834.24 95.95 Citigrou 720,000.00 91282CBH3US TREASURY N/B DTD 02/01/2021 0.375% 01/31/2026

4.28 1.06
(27,688.83)(16,392.72) 738,808.84 95.95 BNPPSA 770,000.00 91282CBH3US TREASURY N/B DTD 02/01/2021 0.375% 01/31/2026

4.28 1.06
(32,255.86)(30,248.59) 777,188.52 95.95 Barclays 810,000.00 91282CBH3US TREASURY N/B DTD 02/01/2021 0.375% 01/31/2026

4.28 1.06
(24,371.01)(10,574.91) 675,423.14 95.80 WellsFar 705,000.00 91282CBQ3US TREASURY N/B DTD 03/01/2021 0.500% 02/28/2026

4.25 1.13
(4,934.86)(4,770.09) 100,000.22 95.24 RBC Capi 105,000.00 91282CCF6US TREASURY N/B DTD 06/01/2021 0.750% 05/31/2026

4.26 1.38
(18,736.43) 37,334.57 990,478.32 95.24 Citigrou 1,040,000.00 91282CCF6US TREASURY N/B DTD 06/01/2021 0.750% 05/31/2026

4.26 1.38
(14,422.01) 12,933.31 533,152.65 94.36 RBC Capi 565,000.00 91282CCZ2US TREASURY N/B DTD 09/30/2021 0.875% 09/30/2026

4.27 1.70
(21,396.87)(10,927.97) 719,677.50 95.96 JPMorgan 750,000.00 912828V98US TREASURY N/B DTD 02/15/2017 2.250% 02/15/2027

4.27 2.03
(6,740.69) 5,156.36 201,781.36 91.72 Nomura 220,000.00 912828ZN3US TREASURY N/B DTD 04/30/2020 0.500% 04/30/2027

4.28 2.27
Account 20240100 Page 15PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
40 For the Month Ending December 31, 2024Managed Account Fair Market Value & Analytics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(23,161.95) 2,461.27 997,951.50 95.04 HSBC 1,050,000.00 9128282R0US TREASURY N/B DTD 08/15/2017 2.250% 08/15/2027

4.35 2.48
(64.23) 381.52 154,370.39 99.59 BOFAML 155,000.00 91282CFM8US TREASURY N/B DTD 09/30/2022 4.125% 09/30/2027

4.28 2.55
(4,596.56)(6,827.94) 378,456.44 99.59 Nomura 380,000.00 91282CFU0US TREASURY N/B DTD 10/31/2022 4.125% 10/31/2027

4.28 2.63
(12,979.23) 48,882.42 909,000.00 90.00 WellsFar 1,010,000.00 91282CAU5US TREASURY N/B DTD 11/02/2020 0.500% 10/31/2027

4.37 2.75
(8,102.60)(8,939.31) 568,441.55 98.86 Citigrou 575,000.00 91282CFZ9US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027

4.29 2.72
(9,004.21)(10,908.04) 513,966.96 98.84 WellsFar 520,000.00 91282CGC9US TREASURY N/B DTD 01/03/2023 3.875% 12/31/2027

4.29 2.80
(5,104.01) 4,271.39 202,139.55 89.84 GoldmanS 225,000.00 91282CBJ9US TREASURY N/B DTD 02/01/2021 0.750% 01/31/2028

4.31 2.98
(7,854.71) 11,625.03 345,883.23 89.84 Nomura 385,000.00 91282CBJ9US TREASURY N/B DTD 02/01/2021 0.750% 01/31/2028

4.31 2.98
(1,245.35) 1,068.61 564,745.17 99.08 TD Secur 570,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028

4.31 2.90
(28,257.95) 9,278.98 1,007,975.46 90.81 BNPPSA 1,110,000.00 91282CBS9US TREASURY N/B DTD 03/31/2021 1.250% 03/31/2028

4.40 3.11
(13,865.03)(12,933.08) 604,281.76 97.46 BOFAML 620,000.00 91282CHA2US TREASURY N/B DTD 05/01/2023 3.500% 04/30/2028

4.32 3.09
2,671.59 2,579.26 358,355.82 100.95 WellsFar 355,000.00 91282CKP5US TREASURY N/B DTD 04/30/2024 4.625% 04/30/2029

4.37 3.87
(573.35)(728.39) 165,766.92 100.46 JPMorgan 165,000.00 91282CKT7US TREASURY N/B DTD 05/31/2024 4.500% 05/31/2029

4.45 3.96
(2,840.64)(3,724.09) 1,029,764.20 100.46 JPMorgan 1,025,000.00 91282CKT7US TREASURY N/B DTD 05/31/2024 4.500% 05/31/2029

4.45 3.96
(1,017.54)(1,024.79) 164,065.44 99.43 Citigrou 165,000.00 91282CKX8US TREASURY N/B DTD 07/01/2024 4.250% 06/30/2029

4.37 4.05
195.39 424.83 372,876.00 99.43 HSBC 375,000.00 91282CKX8US TREASURY N/B DTD 07/01/2024 4.250% 06/30/2029

4.37 4.05
(896.22)(917.20) 39,360.92 98.40 Citigrou 40,000.00 91282CLC3US TREASURY N/B DTD 07/31/2024 4.000% 07/31/2029

4.37 4.07
Account 20240100 Page 16PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
41 For the Month Ending December 31, 2024Managed Account Fair Market Value & Analytics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(36,868.72)(37,000.39) 1,055,256.25 96.81 Citigrou 1,090,000.00 91282CLK5US TREASURY N/B DTD 09/03/2024 3.625% 08/31/2029

4.37 4.19
(17,605.71)(17,539.22) 481,035.00 96.21 TD Secur 500,000.00 91282CLN9US TREASURY N/B DTD 09/30/2024 3.500% 09/30/2029

4.37 4.28
(1,187.65)(1,139.16) 266,856.93 98.84 TD Secur 270,000.00 91282CLR0US TREASURY N/B DTD 10/31/2024 4.125% 10/31/2029

4.37 4.31
(2,776.40)(2,754.02) 296,507.70 98.84 HSBC 300,000.00 91282CLR0US TREASURY N/B DTD 10/31/2024 4.125% 10/31/2029

4.37 4.31
(3,912.01)(3,917.86) 291,612.22 98.85 WellsFar 295,000.00 91282CMA6US TREASURY N/B DTD 12/02/2024 4.125% 11/30/2029

4.37 4.39
(63,433.32) 4.32 (456,867.49) 19,976,882.30 20,780,000.00 Security Type Sub-Total 2.37 Municipal Bond / Note
(1,653.62)(2,071.25) 123,381.25 98.71 04/15/25JPMorgan 125,000.00 91412HGE7UNIV OF CALIFORNIA-BG (CALLABLE) DTD 07/16/2020 0.883% 05/15/2025

4.44 0.36
(1,393.42)(1,900.00) 78,665.60 98.33 BOFAML 80,000.00 341271AD6FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025

4.73 0.49
(3,419.40)(3,419.40) 201,580.60 98.33 BOFAML 205,000.00 341271AD6FLORIDA ST BRD OF ADM DTD 09/16/2020 1.258% 07/01/2025

4.73 0.49
(7,390.65) 4.64 (6,466.44) 403,627.45 410,000.00 Security Type Sub-Total 0.45 Federal Agency Commercial Mortgage-Backed Security
(1,883.46) 1,755.77 252,184.98 97.60 Citigrou 258,382.55 3137BTUM1FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026

4.65 1.71
3,023.47 11,431.58 379,311.27 97.26 MorganSt 390,000.00 3137BXQY1FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027

4.54 1.96
1,477.73 6,148.66 213,576.00 97.08 MorganSt 220,000.00 3137F1G44FHMS K065 A2 DTD 07/01/2017 3.243% 04/01/2027

4.56 2.11
3,079.25 10,989.20 333,618.11 96.70 CantorFi 345,000.00 3137F2LJ3FHMS K066 A2 DTD 08/01/2017 3.117% 06/01/2027

4.56 2.19
4,656.12 5,943.71 344,314.98 100.16 BOFAML 343,765.99 3137HAMR4FHMS K507 A1 DTD 09/01/2023 4.800% 04/01/2028

4.65 2.63
Account 20240100 Page 17PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
42 For the Month Ending December 31, 2024Managed Account Fair Market Value & Analytics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Federal Agency Commercial Mortgage-Backed Security
1,988.96 2,696.56 187,517.78 99.94 WellsFar 187,627.16 3137HAMG8FHMS K506 A1 DTD 09/01/2023 4.650% 05/01/2028

4.59 2.81
(852.19)(850.02) 296,049.74 99.71 JPMorgan 296,907.21 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028

4.80 2.28
(1,720.55)(2,775.96) 360,819.72 100.23 JPMorgan 360,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028

4.67 3.06
(2,742.40)(1,015.46) 351,237.24 98.02 JPMorgan 358,327.47 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.181% 07/01/2028

4.74 3.20
1,793.42 1,793.76 199,320.44 100.91 JPMorgan 197,527.68 3137HAMN3FHMS KJ47 A1 DTD 09/01/2023 5.272% 08/01/2028

4.82 2.53
3,413.78 4,734.37 374,187.00 99.78 WellsFar 375,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028

4.65 3.20
6,361.84 8,225.10 379,889.42 99.97 BMO 380,000.00 3137HAQ74FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028

4.68 3.23
8,369.00 10,198.15 286,111.50 100.39 MorganSt 285,000.00 3137HAST4FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028

4.67 3.30
4,184.64 5,141.89 370,719.28 100.19 BOFAML 370,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028

4.67 3.26
1,907.41 1,992.73 146,573.54 101.09 JPMorgan 145,000.00 3137HB3D4FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028

4.68 3.33
1,161.65 1,281.00 210,677.67 100.32 BOFAML 210,000.00 3137HB3G7FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028

4.70 3.37
200.75 (134.14) 191,640.08 100.86 JPMorgan 190,000.00 3137HBCF9FHMS K512 A2 DTD 12/01/2023 5.000% 11/01/2028

4.68 3.38
(2,026.64)(2,403.27) 214,744.37 99.88 BMO 215,000.00 3137HBFY5FHMS K513 A2 DTD 01/01/2024 4.724% 12/01/2028

4.70 3.50
(3,375.16)(3,743.52) 218,456.26 99.30 JPMorgan 220,000.00 3137HBLV4FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028

4.71 3.46
(1,285.38)(2,773.13) 342,272.18 102.17 BOFAML 335,000.00 3137HC2C5FHMS K517 A2 DTD 03/01/2024 5.355% 01/01/2029

4.69 3.58
(618.61)(2,206.12) 382,896.38 102.11 WellsFar 375,000.00 3137HBPD0FHMS K515 A2 DTD 02/01/2024 5.400% 01/01/2029

4.74 3.49
249.79 (1,446.01) 384,802.87 102.61 MorganSt 375,000.00 3137HBPM0FHMS K516 A2 DTD 03/01/2024 5.477% 01/01/2029

4.68 3.52
Account 20240100 Page 18PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
43 For the Month Ending December 31, 2024Managed Account Fair Market Value & Analytics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Federal Agency Commercial Mortgage-Backed Security
(2,492.03)(2,621.44) 319,343.68 99.79 PIER 320,000.00 3137HDV56FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029

4.72 3.87
196.13 197.25 375,196.13 100.05 MorganSt 375,000.00 3137HDJJ0FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029

4.73 3.77
(6,490.79)(6,715.80) 346,558.10 99.02 BMO 350,000.00 3137HDXL9FHMS K526 A2 DTD 08/01/2024 4.543% 07/01/2029

4.74 4.02
(3,972.47)(4,127.27) 204,970.07 99.99 MorganSt 205,000.00 3137HH6C0FHMS K529 A2 DTD 10/01/2024 4.791% 09/01/2029

4.74 4.12
(1,967.91)(1,972.00) 400,110.80 100.03 JPMorgan 400,000.00 3137HHJL6FHMS K530 A2 DTD 11/01/2024 4.792% 09/01/2029

4.73 4.13
39,745.59 4.68 12,636.35 8,067,099.59 8,082,538.05 Security Type Sub-Total 3.17 Federal Agency Bond / Note
(10,567.59)(9,543.04) 334,221.86 96.88 Barclays 345,000.00 3135G06G3FANNIE MAE DTD 11/12/2020 0.500% 11/07/2025

4.38 0.84
(13,249.70)(13,115.92) 411,722.58 96.88 Nomura 425,000.00 3135G06G3FANNIE MAE DTD 11/12/2020 0.500% 11/07/2025

4.38 0.84
(22,658.96) 4.38 (23,817.29) 745,944.44 770,000.00 Security Type Sub-Total 0.84 Corporate Note
(1,992.50)(30,437.68) 259,048.92 99.63 02/22/25JANE 260,000.00 38148LAE6GOLDMAN SACHS GROUP INC (CALLABLE) DTD 05/22/2015 3.750% 05/22/2025

4.69 0.38
(3,928.17)(2,856.75) 129,808.61 96.87 10/13/25Citigrou 134,000.00 110122DN5BRISTOL-MYERS SQUIBB CO (CALLABLE) DTD 11/13/2020 0.750% 11/13/2025

4.50 0.85
(1,048.60)(1,048.60) 278,951.40 99.63 04/02/25BOFAML 280,000.00 06051GKM0BANK OF AMERICA CORP (CALLABLE) DTD 03/22/2022 3.384% 04/02/2026

5.65 0.25
(883.32)(883.32) 339,116.68 99.74 04/26/25JPMorgan 340,000.00 46647PCZ7JPMORGAN CHASE & CO (CALLABLE) DTD 04/26/2022 4.080% 04/26/2026

5.59 0.31
(16,019.18)(19,319.82) 450,837.03 96.95 05/08/26Citigrou 465,000.00 594918BR4MICROSOFT CORP (CALLABLE) DTD 08/08/2016 2.400% 08/08/2026

4.38 1.52
1,919.10 1,395.35 277,525.60 100.92 TD Secur 275,000.00 69371RS56PACCAR FINANCIAL CORP DTD 08/10/2023 5.050% 08/10/2026

4.44 1.50
Account 20240100 Page 19PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
44 For the Month Ending December 31, 2024Managed Account Fair Market Value & Analytics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
5,410.29 6,474.00 303,948.00 101.32 07/17/26Citigrou 300,000.00 06428CAA2BANK OF AMERICA NA (CALLABLE) DTD 08/18/2023 5.526% 08/18/2026

4.66 1.46
(2,401.66)(2,351.50) 47,563.50 95.13 12/15/26Citigrou 50,000.00 87612EBM7TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

4.45 1.94
(11,392.57)(11,308.20) 223,548.45 95.13 12/15/26Barclays 235,000.00 87612EBM7TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

4.45 1.94
(18,668.65)(19,398.24) 361,825.36 95.22 12/24/26JPMorgan 380,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) DTD 01/26/2022 2.050% 01/26/2027

4.49 1.97
(2,727.50) 12,507.60 381,747.60 95.44 12/01/26CSFirstB 400,000.00 00724PAC3ADOBE INC (CALLABLE) DTD 02/03/2020 2.150% 02/01/2027

4.47 1.98
(5,742.84)(8,273.61) 266,872.59 98.84 06/27/27BOFAML 270,000.00 459200KT7IBM CORP (CALLABLE) DTD 07/27/2022 4.150% 07/27/2027

4.64 2.34
(3,517.97) 5,640.96 373,641.06 95.81 06/14/27Citigrou 390,000.00 437076BT8HOME DEPOT INC (CALLABLE) DTD 09/14/2017 2.800% 09/14/2027

4.47 2.50
(30.24) 701.28 233,870.88 97.45 02/07/27Citigrou 240,000.00 06406RAB3BANK OF NY MELLON CORP (CALLABLE) DTD 02/07/2017 3.442% 02/07/2028

5.03 1.97
1,631.92 1,456.70 142,390.50 101.71 04/22/27JANE 140,000.00 46647PEE2JPMORGAN CHASE & CO (CALLABLE) DTD 04/22/2024 5.571% 04/22/2028

4.94 2.13
(9,290.68)(9,629.76) 551,395.04 98.46 04/10/28JPMorgan 560,000.00 037833ET3APPLE INC (CALLABLE) DTD 05/10/2023 4.000% 05/10/2028

4.43 3.06
1,339.22 1,393.75 126,207.50 100.97 Citigrou 125,000.00 24422EXB0JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028

4.64 3.14

5.98 (588.00) 151,449.00 100.97 SGSA 150,000.00 24422EXB0JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028

4.64 3.14
11,360.63 11,360.63 376,360.63 103.11 08/29/28Citigrou 365,000.00 17325FBB3CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028

4.87 3.26
6,003.93 4,890.78 427,916.88 103.11 08/29/28Citigrou 415,000.00 17325FBB3CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028

4.87 3.26

85.14 94.40 35,031.05 100.09 02/14/29Citigrou 35,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

4.64 3.70
1,360.16 1,530.98 277,245.70 100.09 02/14/29GoldmanS 277,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

4.64 3.70
2,065.19 4,339.80 279,934.80 93.31 03/01/29Citigrou 300,000.00 57636QAM6MASTERCARD INC (CALLABLE) DTD 05/31/2019 2.950% 06/01/2029

4.62 4.02
Account 20240100 Page 20PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
45 For the Month Ending December 31, 2024Managed Account Fair Market Value & Analytics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(109.39)(85.10) 184,628.15 99.80 06/17/29Citigrou 185,000.00 713448FX1PEPSICO INC (CALLABLE) DTD 07/17/2024 4.500% 07/17/2029

4.52 3.96
(497.48)(490.25) 49,408.25 98.82 MIZU 50,000.00 89236TMK8TOYOTA MOTOR CREDIT CORP DTD 08/09/2024 4.550% 08/09/2029

4.89 4.04
(1,238.61)(1,228.77) 113,638.98 98.82 MorganSt 115,000.00 89236TMK8TOYOTA MOTOR CREDIT CORP DTD 08/09/2024 4.550% 08/09/2029

4.89 4.04
(1,042.48)(1,004.25) 128,461.45 98.82 LoopCapM 130,000.00 89236TMK8TOYOTA MOTOR CREDIT CORP DTD 08/09/2024 4.550% 08/09/2029

4.89 4.04
(1,134.48)(1,124.43) 63,733.22 98.05 07/14/29MorganSt 65,000.00 532457CQ9ELI LILLY & CO (CALLABLE) DTD 08/14/2024 4.200% 08/14/2029

4.65 4.06
(4,795.50)(4,818.27) 225,517.53 98.05 07/14/29JPMorgan 230,000.00 532457CQ9ELI LILLY & CO (CALLABLE) DTD 08/14/2024 4.200% 08/14/2029

4.65 4.06
(63,060.32) 4.70 (55,280.26) 7,061,624.36 7,161,000.00 Security Type Sub-Total 2.38 Certificate of Deposit
6,991.20 6,991.20 366,991.20 101.94 RABO UA 360,000.00 21684LGS5COOPERAT RABOBANK UA/NY DTD 07/20/2023 5.080% 07/17/2026

3.77 1.45
6,991.20 3.77 6,991.20 366,991.20 360,000.00 Security Type Sub-Total 1.45 Bank Note
7,055.14 7,404.26 561,643.91 101.20 07/07/26JPMorgan 555,000.00 94988J6D4WELLS FARGO BANK NA (CALLABLE) DTD 08/09/2023 5.450% 08/07/2026

4.68 1.44
4,565.37 4,377.84 375,158.54 101.39 05/26/27MorganSt 370,000.00 61690U8B9MORGAN STANLEY BANK NA (CALLABLE) DTD 05/30/2024 5.504% 05/26/2028

5.01 2.23
11,782.10 4.81 11,620.51 936,802.45 925,000.00 Security Type Sub-Total 1.75 Asset-Backed Security
(30.46)(29.89) 9,383.18 99.67 Barclays 9,413.82 89239BAC5TAOT 2021-C A3 DTD 09/27/2021 0.430% 01/15/2026

4.48 0.08
(26.78)(25.73) 6,764.86 99.60 SMBC 6,792.10 44935FAD6HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026

4.35 0.11
Account 20240100 Page 21PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
46 For the Month Ending December 31, 2024Managed Account Fair Market Value & Analytics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
2,425.87 2,440.85 242,391.36 101.00 BOFAML 240,000.00 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028

4.48 1.04
597.41 602.41 75,585.45 100.78 BNPPSA 75,000.00 89231FAD2TAOT 2023-C A3 DTD 08/15/2023 5.160% 04/17/2028

4.51 1.12
1,105.57 1,107.51 76,099.43 101.47 JPMorgan 75,000.00 89239FAD4TAOT 2023-D A3 DTD 11/14/2023 5.540% 08/15/2028

4.56 1.42
2,918.48 2,922.95 267,906.52 101.10 JPMorgan 265,000.00 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028

4.62 1.14
3,576.91 3,596.46 303,513.30 101.17 JPMorgan 300,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028

4.48 1.60
4,093.01 3,958.92 313,945.06 101.27 Citigrou 310,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028

4.48 1.60
1,554.67 1,557.73 106,543.92 101.47 BNPPSA 105,000.00 44918CAD4HART 2023-C A3 DTD 11/13/2023 5.540% 10/16/2028

4.56 1.42
1,314.43 1,318.32 136,300.19 100.96 BOFAML 135,000.00 05522RDH8BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028

4.47 1.75
184.57 185.82 35,178.78 100.51 Barclays 35,000.00 36268GAD7GMCAR 2024-1 A3 DTD 01/17/2024 4.850% 12/18/2028

4.53 1.41
868.62 877.57 330,827.31 100.25 JPMorgan 330,000.00 161571HV9CHAIT 2024-A1 A DTD 01/31/2024 4.600% 01/16/2029

4.50 1.91
18,512.92 4.51 18,582.30 1,904,439.36 1,886,205.92 Security Type Sub-Total 1.47 40,374,743.97 39,463,411.15 (79,511.44) (492,601.12) 4.48 Managed Account Sub-Total 2.42 Total Investments $39,690,025.98
$226,614.83
$39,463,411.15
Accrued Interest
Securities Sub-Total $40,374,743.97 ($79,511.44) ($492,601.12) 4.48% 2.42 Account 20240100 Page 22PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
47 For the Month Ending December 31, 2024Managed Account Security Transactions & Interest CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
12/06/24 US TREASURY N/B
DTD 12/02/2024 4.125% 11/30/2029
91282CMA6 (295,530.08) (200.58) (295,730.66) 295,000.00 12/05/24 (200.58) (295,730.66)(295,530.08) 295,000.00 Transaction Type Sub-Total

INTEREST
12/01/24 MASTERCARD INC (CALLABLE)
DTD 05/31/2019 2.950% 06/01/2029
57636QAM6 0.00 4,425.00 4,425.00 12/01/24
12/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,182.92 1,182.92 12/01/24
12/25/24 FHMS K529 A2
DTD 10/01/2024 4.791% 09/01/2029
3137HH6C0 0.00 818.46 818.46 12/01/24
12/25/24 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 838.20 838.20 12/01/24
12/25/24 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 0.00 727.73 727.73 12/01/24
12/25/24 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
3137HBPD0 0.00 1,687.50 1,687.50 12/01/24
12/25/24 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 0.00 896.14 896.14 12/01/24
12/25/24 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
3137HBPM0 0.00 1,711.56 1,711.56 12/01/24
12/25/24 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
3137HBFY5 0.00 846.38 846.38 12/01/24
12/25/24 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 0.00 722.18 722.18 12/01/24
12/25/24 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 0.00 1,325.04 1,325.04 12/01/24
12/25/24 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
3137HC2C5 0.00 1,494.94 1,494.94 12/01/24
12/25/24 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,047.80 1,047.80 12/01/24
12/25/24 FHMS K530 A2
DTD 11/01/2024 4.792% 09/01/2029
3137HHJL6 0.00 1,597.33 1,597.33 12/01/24
Account 20240100 Page 23PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
48 For the Month Ending December 31, 2024Managed Account Security Transactions & Interest CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

INTEREST
12/25/24 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 0.00 1,380.72 1,380.72 12/01/24
12/25/24 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,501.00 1,501.00 12/01/24
12/25/24 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 594.55 594.55 12/01/24
12/25/24 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 1,500.94 1,500.94 12/01/24
12/25/24 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 1,445.70 1,445.70 12/01/24
12/25/24 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 1,453.13 1,453.13 12/01/24
12/25/24 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 850.50 850.50 12/01/24
12/25/24 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 0.00 1,248.53 1,248.53 12/01/24
12/25/24 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 0.00 870.16 870.16 12/01/24
12/25/24 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,151.88 1,151.88 12/01/24
12/25/24 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 1,480.00 1,480.00 12/01/24
12/25/24 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 612.50 612.50 12/01/24
12/25/24 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 0.00 791.67 791.67 12/01/24
12/25/24 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 0.00 1,258.67 1,258.67 12/01/24
12/02/24 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
MONEY0002 0.00 307.49 307.49 12/02/24
12/15/24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 560.25 560.25 12/15/24
12/15/24 TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
89239BAC5 0.00 5.13 5.13 12/15/24
Account 20240100 Page 24PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
49 For the Month Ending December 31, 2024Managed Account Security Transactions & Interest CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

INTEREST
12/15/24 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,290.00 1,290.00 12/15/24
12/15/24 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 0.00 484.75 484.75 12/15/24
12/15/24 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 0.00 346.25 346.25 12/15/24
12/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 0.00 5.89 5.89 12/15/24
12/15/24 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
89231FAD2 0.00 322.50 322.50 12/15/24
12/15/24 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,221.21 1,221.21 12/15/24
12/15/24 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,351.08 1,351.08 12/15/24
12/15/24 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/16/2029
161571HV9 0.00 1,265.00 1,265.00 12/15/24
12/16/24 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 0.00 141.46 141.46 12/16/24
12/18/24 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 1,082.00 1,082.00 12/18/24
12/31/24 US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
91282CKX8 0.00 11,475.00 11,475.00 12/31/24
12/31/24 US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2027
91282CGC9 0.00 10,075.00 10,075.00 12/31/24
12/31/24 US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 0.00 2,437.50 2,437.50 12/31/24
67,831.64 67,831.64 0.00 Transaction Type Sub-Total

PAYDOWNS
12/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 246.27 0.00 246.27 0.01 0.01 246.27 12/01/24 12/25/24 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 2.29 0.00 2.29 0.04 0.03 2.29 12/01/24
Account 20240100 Page 25PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
50 For the Month Ending December 31, 2024Managed Account Security Transactions & Interest CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

PAYDOWNS
12/25/24 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 541.08 0.00 541.08 16.65 9.43 541.08 12/01/24 12/25/24 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 173.52 0.00 173.52 2.60 1.99 173.52 12/01/24 12/25/24 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 536.94 0.00 536.94 0.00 0.00 536.94 12/01/24 12/25/24 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 1,414.90 0.00 1,414.90 22.20 17.29 1,414.90 12/01/24 12/15/24 TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
89239BAC5 4,902.10 0.00 4,902.10 0.40 0.10 4,902.10 12/15/24 12/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 2,757.91 0.00 2,757.91 0.62 0.20 2,757.91 12/15/24

0.00 29.05 42.52 10,575.01 10,575.01 10,575.01 Transaction Type Sub-Total SELL
12/06/24 US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
91282CAT8 197,696.88 50.97 197,747.85 2,570.51 (4,878.92) FIFO 205,000.00 12/05/24

50.97 (4,878.92) 2,570.51 197,747.85 197,696.88 205,000.00 Transaction Type Sub-Total (87,258.19) 67,682.03 (19,576.16) 2,613.03 (4,849.87)Managed Account Sub-Total Total Security Transactions $2,613.03 ($19,576.16)$67,682.03 ($87,258.19) ($4,849.87) Account 20240100 Page 26PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
51 AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.3
January 22, 2025
Planning Division Update
Prepared By:

David Murray, City Planner
Recommended Action(s)
Staff recommends that the City Council receive and file the Planning Division Update.

Summary
Planning projects are provided in the a
ached Planning Project Status list. The list provides a brief summary and status of each project. New informa#on is highlighted in yellow. A map iden#fying the locations of each project is also included.

Background
The purpose of the Planning Division Update is to provide a list of the current status of major projects in the City of Eastvale.

Environmental
The following update requires no environmental review as it is not considered a "project" under the California Environmental Quality Act (CEQA).

Strategic Plan Action - Priority Level: N/A
| Target #: N/A
| Goal #: N/A
Not Applicable.

Fiscal Impact
The following update has no applicable fiscal impacts.
12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
52 Prior City Council/Commission Action
Not Applicable.

Attachment(s)
Planning Division Update 1.22.25

12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
53 Planning Department Major Projects Summary
March 16, 2022

Major Projects
Summary
January 22, 2025
City of Eastvale Planning Division
54 Planning Division Major Projects Summary
January 22, 2025

Contents
IN-PROCESS/REVIEW ................................................................................................................................................................................................................. 2 0B0BSUMNER PLACE MIXED-USE DEVELOPMENT (MAP ID: SMNR) .................................................................................................................................................................... 2 LEAL RANCH RESIDENTIAL PA-4 & PA-10 QUARTERRA PHASE II ................................................................................................................................................................... 3 NEW HOME OFF-SITE ............................................................................................................................................................................................................................ 4 LEAL RANCH RESIDENTIAL PA-9 ............................................................................................................................................................................................................... 5 LEAL RANCH RESIDENTIAL PA-11A .......................................................................................................................................................................................................... 6 LEAL RANCH RESIDENTIAL PA-11B ........................................................................................................................................................................................................... 7 LEAL RANCH RESIDENTIAL PA-11C ........................................................................................................................................................................................................... 8 NEW HOME TTM 38595 PHASE B .......................................................................................................................................................................................................... 9 NEW HOME RECREATION CENTER .......................................................................................................................................................................................................... 10 WARMINGTON RESIDENTIAL.................................................................................................................................................................................................................. 11 0B0MCDONANLDS (MAP ID: WMT) .......................................................................................................................................................................................................... 12 0B0BETTER BUZZ (MAP ID: WMT) ............................................................................................................................................................................................................ 13 WIRELESS FACILITY – 7250 COBBLE CREEK .............................................................................................................................................................................................. 14 APPROVED/ ENTITLED ............................................................................................................................................................................................................. 15 3B1BLEAL RANCH RESIDENTIAL PHASE A TTM (MAP ID: LEAL.1) ..................................................................................................................................................................... 15 4B2BLEAL RANCH RESIDENTIAL OVERALL PHASE A DR (MAP ID: LEAL.2) ........................................................................................................................................................... 16 5B3BLEAL RANCH RESIDENTIAL PA-1 PHASE A (MAP ID: LEAL.3) ..................................................................................................................................................................... 17 6B4BLEAL RANCH RESIDENTIAL PA-6 PHASE A (MAP ID: LEAL.4) ..................................................................................................................................................................... 18 7B5BLEAL RANCH RESIDENTIAL PA-7A PHASE A (MAP ID: LEAL.5)................................................................................................................................................................... 19 8B6BLEAL RANCH RESIDENTIAL PA-8 PHASE A (MAP ID: LEAL.6) ..................................................................................................................................................................... 20 1B3BLEAL RANCH RESIDENTIAL PA-2 QUARTERRA (MAP ID: LEAL.7) ................................................................................................................................................................ 21 9B8BGOODMAN COMMERCE CENTER (MAP ID: GCC) ..................................................................................................................................................................................... 22 30B39BGCC CR-1 DR (MAP ID: GCC.10) .................................................................................................................................................................................................. 23 31B41BGCC CR-1 Chili’s Alcohol CUP and VAR (MAP ID: GCC.13) .......................................................................................................................................................... 24 32B45BGCC Planning Area 4 DR and TPM (MAP ID: GCC.15) ................................................................................................................................................................ 25 0B0HAMNER PLACE PAD-2 (MAP ID: HPLC.4) ............................................................................................................................................................................................ 26 10B10BTHE RANCH (MAP ID: RNCH) .............................................................................................................................................................................................................. 27 12B12BBEYOND FOOD MART AT THE RANCH (MAP ID: RNCH.5) ......................................................................................................................................................................... 28 13B13BTHE RANCH TPM NO. 38114 (MAP ID: RNCH.6) ................................................................................................................................................................................. 29 55 Planning Division Major Projects Summary
January 22, 2025

34B52BHotel Suites (HPLC.1) .................................................................................................................................................................................................................. 30 35B55BHamner Place Retail Suites D.R (HPLC.3) ................................................................................................................................................................................... 31 36B57BThe Merge (MAP ID: MRG) ........................................................................................................................................................................................................ 32 14B15BWALMART (MAP ID: WMT) ............................................................................................................................................................................................................... 33 0B0MISTER CARWASH (MAP ID: WMT) ..................................................................................................................................................................................................... 34 15B28BDUNKIN DONUTS AND CARWASH DR AND CUP (MAP ID: DUNK) .............................................................................................................................................................. 35 16B7BARCHIBALD AND CHANDLER RETAIL (MAP ID: ACR) ................................................................................................................................................................................. 36 17BMAGNOLIA RANCH .............................................................................................................................................................................................................................. 37 18BST. OSCAR ROMERO MODULAR BUILDINGS .............................................................................................................................................................................................. 38 FUTURE .................................................................................................................................................................................................................................... 39 29B29BTHE LEAL PLAN (MAP ID: LEAL) ........................................................................................................................................................................................................... 39 56 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

1 57
Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

2 In-Process/Review
0B0BSumner Place Mixed-Use Development (MAP ID: SMNR)
Project: Sumner Place Mixed-Use Development Project Map:

Current Status:
▪ On June 16, 2021, the Planning Commission PLN20-20063 continued the hearing item off calendar.

Project No. PLN20-20063_GPA001_DR002_COZ001_TPM38031_TTM38032 Project
Location:

Southeast corner of Sumner Ave. and Schleisman Rd.; (Assessor Parcel Number: 152-040-01)
Project
Description:

General Plan Amendment to change the land use designation from Commercial Retail (CR 0.20-0.35 FAR) to Highest Density Residential (HHDR 20.1-40 du/ac).

Change of Zone to change the zone from Heavy Agriculture (A-2) to General Residential (R-3).

Major Development Review for the development of 216-unit apartment project on over 9.3 acres, consisting of seven two (2) to three (3) story type “V” apartment buildings with tuck under garages and surface parking, and a 5000 s.f. commercial building (located at the corner of Sumner Ave. and Schleisman Rd.).

Tentative Parcel Map to create two (2) parcels one residential and one commercial.

Tentative Tract Map for condominium purposes.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 11.5.20
▪ SB18 and AB52 notice provided.
▪ Comments provided to applicant 12.10.20
▪ On 5.19.21 the Planning Commission continued the item to June 16, 2021.

58 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

3 Leal Ranch Residential PA-4 & PA-10 Quarterra Phase II Project: Planning Area 4 & 10 Project Map:

Current Status:
▪ On 12.19.24 the applicant resubmitted to the planning division and is currently under review.

Project No. PLN24-20035 DR001
Project
Location:

Southwest corner of Limonite Avenue and 58th Street.

Project
Description:

Major Development Review for the development of 360 multi-family residential units on 10.6 acres within Planning Areas 4 & 10 of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 5.7.24
▪ An incomplete letter was sent out to the applicant on 6.3.24 ▪ On 7.24.24 the applicant resubmitted to the planning division for review ▪ A second incomplete letter was sent to applicant on 8.12.24 ▪ On 10.14.24 the applicant resubmitted to the planning division for review ▪ A third incomplete letter was sent to applicant on 11.7.24

59 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

4 New Home Off-site
Project: Tentative Tract Map Phase B Project Map:

Current Status:
▪ On 12.11.24 an incomplete letter was sent to the applicant and currently awaiting resubmittal.

Project No. PLN24-20069 DR004
Project
Location:

Southwest corner of Limonite Avenue and 58th Street.

Project
Description:

Major Development Review to establish the off-site streets and layout of Phase B of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 8.21.24
▪ On 9.16.24 an incomplete letter was sent out to the applicant. ▪ On 11.20.24 the applicant resubmitted the project.

60 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

5 Leal Ranch Residential PA-9
Project: Planning Area 9 Project Map:

Current Status:
▪ On 12.11.24 an incomplete letter was sent to the applicant and currently awaiting resubmittal.

Project No. PLN24-20070 DR005
Project
Location:

Southwest corner of Limonite Avenue and 58th Street.

Project
Description:

Major Development Review for the development of 90 residential units (triplexes) on Lots 30-36 of TTM 38595 within Planning Area 9 of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 8.21.24
▪ On 9.16.24 an incomplete letter was sent out to the applicant. ▪ On 11.20.24 the applicant resubmitted the project.

61 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

6 Leal Ranch Residential PA-11A
Project: Planning Area 11A Project Map:

Current Status:
▪ On 12.11.24 an incomplete letter was sent to the applicant and currently awaiting resubmittal.

Project No. PLN24-20071 DR006
Project
Location:

Southwest corner of Limonite Avenue and 58th Street.

Project
Description:

Major Development Review for the development of 91 residential units (duplexes and triplexes) on lot 1-9 of TTM 38595 within Planning Area 11A of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 8.21.24
▪ On 9.16.24 an incomplete letter was sent out to the applicant. ▪ On 11.20.24 the applicant resubmitted the project.

62 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

7 Leal Ranch Residential PA-11B
Project: Planning Area 11B Project Map:

Current Status:
▪ On 12.11.24 an incomplete letter was sent to the applicant and currently awaiting resubmittal.

Project No. PLN24-20072 DR007
Project
Location:

Southwest corner of Limonite Avenue and 58th Street.

Project
Description:

Major Development Review for the development of 90 residential units (6-plex and 8-plexes) on Lots 10-18 of TTM 38595 within Planning Area 11B of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 8.21.24
▪ On 9.16.24 an incomplete letter was sent out to the applicant. ▪ On 11.20.24 the applicant resubmitted the project.

63 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

8 Leal Ranch Residential PA-11C
Project: Planning Area 11C Project Map:

Current Status:
▪ On 11.20.24 the applicant resubmitted and the project is currently under review.

Project No. PLN24-20073 DR008
Project
Location:

Southwest corner of Limonite Avenue and 58th Street.

Project
Description:

Major Development Review for the development of 63 residential units (triplexes) on Lots 19-29 of TTM 38595 within Planning Area 11C of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 8.21.24
▪ On 9.16.24 an incomplete letter was sent out to the applicant.

64 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

9 New Home TTM 38595 Phase B
Project: Tentative Tract Map Phase B Project Map:

Current Status:
▪ The project was deemed complete and is currently scheduled for planning commission on 2.19.25
Project No. PLN24-20074 TTM #38594 PH B
Project
Location:

Southwest corner of Limonite Avenue and 58th Street.

Project
Description:

Tentative Tract Map for the development of an existing lot into 46 total lots for condominium purposes (37 residential, 1 commercial, 3 for open space and 5 for private street purposes) of TTM 38595 within Planning Area 9, 10, 11A, 11B, and 11C of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 8.21.24
▪ On 9.18.24 an incomplete letter was sent out to the applicant. ▪ The project was resubmitted on 10.24.24
▪ On 11.6.24 an incomplete letter was sent out to the applicant. ▪ The project was resubmitted on 12.11.24

65 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

10 New Home Recreation Center
Project: New Home Rec Center Project Map:

Current Status:
▪ The project was resubmitted on 12.11.24 and is currently under review

Project No. PLN24-20075 MDR014
Project
Location:

Northeast corner of Limonite Avenue and of Scholar Way. South of 58th St.

Project
Description:

Minor Development Review for the site planning and architecture of the proposed recreation center within the Leal Ranch Master plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 8.21.24
▪ On 9.18.24 an incomplete letter was sent out to the applicant. ▪ The project was resubmitted on 10.24.24
▪ On 11.20.24 an incomplete letter was sent out to the applicant.

66 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

11 Warmington Residential
Project: Warmington Residential Project Map:

Current Status:
▪ On 10.17.24 an incomplete letter was sent out to the applicant, staff is currently awaiting project resubmittal
Project No. PLN24-20053 TTM001 DR003 SB330
Project
Location:

Northeast corner of Grapewin St. & Archibald Ave.

Project
Description:

Tentative Tract Map for 76 lots for a single family home community.

Major Development Review for the development of 76
single-family residential units.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 6.27.24
▪ An incomplete letter was sent to the applicant on 7.10.24 documents were resubmitted
▪ A second incomplete letter has been sent to applicant on 8.06.24

N
67 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

12 0B0McDonanlds (MAP ID: WMT)
Project: McDonalds Project Map:

Current Status:
▪ On 1.6.25 the project was resubmitted and is currently under review.

Project No. PLN24-20089_DR009
Project
Location:

Southeast corner of Limonite Ave. and of Archibald Ave. (APN:144030039)
Project
Description:

New 4,375 sq. ft. building with drive thru lane.

Planner: Steven D. Fowler
Notes:
▪ Received application on 10.15.24
▪ An incomplete letter was sent out to the applicant on 11.14.24

68 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

13 0B0Better Buzz (MAP ID: WMT)
Project: Better Buzz Project Map:

Current Status:
▪ An incomplete letter was sent out to the applicant on 11.21.24, awaiting resubmittal.

Project No. PLN24-20091_MDR015
Project
Location:

Southeast corner of Limonite Ave. and of Archibald Ave. (APN:144030039)
Project
Description:

New 1,770 sq. ft. building with patio and drive-thru
Planner: Steven D. Fowler
Notes:
▪ Received application on 10.28.24

69 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

14 Wireless Facility – 7250 Cobble Creek
Project: Providence Ranch Monopine Project Map:

Current Status:
▪ On 11.20.24 the planning commission continued the project to a future date are currently waiting for a resubmittal.

Project No. PLN24-20030 MDR010
Project
Location:

Southeast corner of Hallow Brook Way and Westerly Way . East of Cobble Creek
Project
Description:

Minor Development Review for the development of an unmanned telecom facility consisting of 70 ft. tall monopine 14 panel antennas mounted on the monopine, 35 RRUs mounted behind the antennas, and necessary equipment area.

Planner: Steven D. Fowler
Notes:
▪ Received application on 4.30.24
▪ The project was scheduled for planning commission on 6.19.24. ▪ On 6.19.24 the planning commission continued the project to a future date. ▪ A second submittal was submitted for review.
▪ The project was scheduled for planning commission on 11.20.24.

70 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

15 Approved/ Entitled
3B1BLeal Ranch Residential Phase A TTM (MAP ID: LEAL.1) Project: Leal Ranch Residential Tentative Tract Map (Phase A) Project Map:

Current Status:
▪ Actively under construction.

Project No. PLN22-20087 TTM No. 38594
Project
Location:

Northwest corner of Hamner and Limonite Avenue, east of Scholar Way, and south of 58th Street.

Project
Description:

Tentative Tract Map to create 64 lots over 69.8 acres of land to facilitate various site improvements and initiate the residential development of PA-1, PA-6, PA-7A, and PA-8 of the Leal Ranch Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 12.21.22
▪ Application deemed incomplete by staff on January 12, 2023. ▪ The project was resubmitted on 06.05.2023 and is under review. ▪ Application was deemed incomplete on July 3, 2023
▪ Application deemed complete scheduled Planning Commission date of October 18, 2023
▪ Planning Commission approval on October 18, 2023
▪ On October 18, 2023 Planning Commission approved entitlements for PLN22- 20087 and is subject to conditions of approval.

71 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

16 4B2BLeal Ranch Residential Overall Phase A DR (MAP ID: LEAL.2) Project: Leal Ranch Residential Overall DR (Phase A) Project Map:

Current Status:
▪ Actively under construction.

Project No. PLN22-20088 DR006
Project
Location:

Northwest corner of Hamner and Limonite Avenue, east of Scholar Way, and south of 58th Street.

Project
Description:

Major Development Review for the overall Leal Phase A Residential Development and associated site improvements (PA-1, PA-6, PA-7A, and PA-8)

Planner: Jamie K. Cerda
Notes:
▪ Received application on 12.21.22
▪ Application deemed incomplete by staff on January 12, 2023. ▪ The project was resubmitted on 06.05.2023 and is under review. ▪ Application was deemed incomplete on July 3, 2023.
▪ Application deemed complete scheduled Planning Commission date of October 18, 2023
▪ Planning Commission approval on October 18, 2023
▪ On October 18, 2023, Planning Commission approved entitlements for PLN22- 20087 and is subject to conditions of approval.

72 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

17 5B3BLeal Ranch Residential PA-1 Phase A (MAP ID: LEAL.3) Project: Leal Ranch Residential PA-1 (Phase A) Project Map:

Current Status:
▪ Models are open to the public.
▪ Production units are actively under construction.

Project No. PLN22-20089 DR007
Project
Location:

Northeast corner of Limonite Avenue and Scholar Way.

Project
Description:

Major Development Review for the development of 168 new residential units within Planning Area 1 of the Leal Master Plan. Plan types will consist of townhomes (10 plex and 11 plex).

Planner: Jamie K. Cerda
Notes:
▪ Received application on 12.21.22
▪ Application deemed incomplete by staff on January 12, 2023. ▪ The project was resubmitted on 06.05.2023 and is under review. ▪ Application was deemed incomplete on July 3, 2023
▪ Application deemed complete scheduled Planning Commission date of October 18, 2023
▪ Planning Commission approval on October 18, 2023
▪ On October 18, 2023, Planning Commission approved entitlements for PLN22- 20089 and is subject to conditions of approval.

73 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

18 6B4BLeal Ranch Residential PA-6 Phase A (MAP ID: LEAL.4) Project: Leal Ranch Residential Planning Area- 6 (Phase A) Project Map:

Current Status:
▪ Models are open to the public.
▪ Production units are actively under construction.

Project No. PLN22-20090 DR008
Project
Location:

Northwest corner of Hamner and Limonite Avenue, east of Scholar Way, and south of 58th Street.

Project
Description:

Major Development Review for the development of 102 new residential units within Planning Area 6 of the Leal Master Plan. Plan types will consist of townhomes (Duplex to 6 plex).

Planner: Jamie K. Cerda
Notes:
▪ Received application on 12.21.22
▪ Application deemed incomplete by staff on January 12, 2023. ▪ The project was resubmitted on 06.05.2023 and is under review. ▪ Application was deemed incomplete on July 3, 2023
▪ Application deemed complete scheduled Planning Commission date of October 18, 2023
▪ Planning Commission approval on October 18, 2023
▪ On October 18, 2023, Planning Commission approved entitlements for PLN22- 20090 and is subject to conditions of approval.

74 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

19 7B5BLeal Ranch Residential PA-7A Phase A (MAP ID: LEAL.5) Project: Leal Ranch Residential Planning Area-7A (Phase A) Project Map:

Current Status:
▪ Models are open to the public.
▪ Production units are actively under construction.

Project No. PLN22-20091 DR009
Project
Location:

Northeast corner of Limonite Avenue and Scholar Way.

Project
Description:

Major Development Review for the development of 94 single family residential units within Planning Area-7A of the Leal Master Plan.

Planner: Jamie K Cerda
Notes:
▪ Received application on 12.21.22
▪ Application deemed incomplete by staff on January 12, 2023. ▪ The project was resubmitted on 06.05.2023 and is under review. ▪ Application was deemed incomplete on July 3, 2023.
▪ Application deemed complete scheduled Planning Commission date of October 18, 2023
▪ Planning Commission approval on October 18, 2023
▪ On October 18, 2023, Planning Commission approved entitlements for PLN22- 20091 and is subject to conditions of approval.

75 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

20 8B6BLeal Ranch Residential PA-8 Phase A (MAP ID: LEAL.6) Project: Leal Ranch Residential Planning Area 8 (Phase A) Project Map:

Current Status:
▪ Models are open to the public.
▪ Production units are actively under construction.

Project No. PLN22-20092 DR010
Project
Location:

Northwest corner of Hamner and Limonite Avenue, east of Scholar Way, and south of 58th Street.

Project
Description:

Major Development Review for the development of 74 single family residential units within Planning Area 8 of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on 12.21.22
▪ Application deemed incomplete by staff on January 12, 2023. ▪ The project was resubmitted on 06.05.2023 and is under review. ▪ Application was deemed incomplete on July 3, 2023.
▪ Application deemed complete scheduled Planning Commission date of October 18, 2023
▪ Planning Commission approval on October 18, 2023
▪ On October 18, 2023, Planning Commission approved entitlements for PLN22- 20092 and is subject to conditions of approval.

76 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

21 1B3BLeal Ranch Residential PA-2 Quarterra (MAP ID: LEAL.7) Project: Leal Ranch Residential PA-2 Quarterra Project Map:

Current Status:
▪ Construction document have been submitted with the Building Department and are currently under review.

Project No. PLN23-20036 DR006
Project
Location:

Northeast corner of Limonite Avenue and of Scholar Way. South of 58th St.

Project
Description:

Major Development Review for the development of 320 new residential units within Planning Area 2 of the Leal Master Plan.

Planner: Jamie K. Cerda
Notes:
▪ Received application on June 9, 2023.
▪ Application was deemed incomplete on July 3, 2023
▪ Application was resubmitted on August 31, 2023
▪ Application was deemed incomplete on September 27, 2023 ▪ Application was resubmitted on November 14, 2023
▪ Application was deemed incomplete on December 7, 2023 ▪ Application was resubmitted on January 18, 2024
▪ Planning Commission approval on February 21, 2024
▪ On February 21, 2024 the Planning Commission approved entitlements for PLN23-20036, with conditions of Approval.

77 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

22 9B8BGoodman Commerce Center (MAP ID: GCC)
Project: Goodman Commerce Center (formally Lewis Eastvale Commerce Center) Project Map:

Current Status:
▪ Various buildings complete, operating and under
construction.

Project No. 11-0271 **see related projects below
Project
Location:
190 acres +/- fronting on Hamner Ave. north of Bellegrave Ave. and south of Cantu-Galleano Ranch Road
Project
Description:

General Plan Amendment, Change of Zone, and Specific Plan to provide a mix of warehousing, light industrial, office, and retail uses. Major Development Review for the development of two industrial buildings of approximately 1,007,705 square feet and 1,033,192 square feet.

CEQA: Environmental Impact Report (certified)
Planner: Allen Lim
Notes:
▪ Approved by City Council on November 12, 2014

See the following projects for more recent activity at the Goodman Commerce Center Development:
▪ Project No. PLN17-20033 Retail Building CR-3 – Starbucks & other tenants (GCC.1) ▪ Project No. PLN18-20014 Retail Building CR-12 – Quick Quack Carwash (GCC.2) ▪ Project No. PLN18-20042 Retail Building CR-11 – Multi-Tenant (GCC.3) ▪ Project No. PLN19-20006 Retail Building CR-10- Chick-fil-A (GCC.4) ▪ Project No. PLN19-20063 Retail Building CR-8 – Altura Credit Union (GCC.5) ▪ Project No. PLN19-20064 Retail Building CR-6 (GCC.6)
▪ Project No. PLN20-20018 Retail Building CR-6A, CRA, CR-B, CR-C ▪ Project No. PLN21-20063 Retail Building CR-1 – Chili’s ▪ Project No. PLN21-20068 Retail Building CR-2 – Olive Garden ▪ Project No. PLN22-20025 Planning Area-4 Development
78 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

23 30B39BGCC CR-1 DR (MAP ID: GCC.10)
Project: GCC CR-1 DR Project Map:

Current Status:
▪ Project on hold per developer.

Project No.: PLN21-20063_DR012
Project
Location:

Southwest corner of Goodman Way and Cantu-Galleano Ranch Rd. ; Assessor Parcel Number (APN) 160-510-023
Project
Description:

Major Development Review for the development of a 5,213 square foot PAD building (CR-1) and 575 square foot outdoor patio for a total of 5,788 square feet for a proposed restaurant building dba Chili’s.

Planner: Jamie K. Cerda
Notes:
▪ Received application on November 17, 2021.
▪ On January 19, 2022, PLN21-20063 was approved by the Planning Commission subject to conditions of approval.

79 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

24 31B41BGCC CR-1 Chili’s Alcohol CUP and VAR (MAP ID: GCC.13) Project: GCC CR-1 Alcohol CUP and VAR Project Map:

Current Status:
▪ Project is currently on hold per developer.

Project No.: PLN22-20010_CUP002_VAR001
Project
Location:

Southeast corner of Hamner Avenue and Cantu-Galleano Ranch Rd.; Assessor Parcel Number (APN) 160-510-023
Project
Description:

Conditional Use Permit for the on-sale and consumption of beer, wine, and distilled spirits at a 7,757 square foot PAD building (CR-1) restaurant (dba Chili’s).

Variance to request modification to the sign standards to allow four (4) tenant wall signs.

Planner: Jamie K. Cerda
Notes:
▪ Received application on March 7, 2022
▪ On April 20, 2022, PLN22-20012 was approved by the Planning Commission subject to conditions of approval.

80 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

25 32B45BGCC Planning Area 4 DR and TPM (MAP ID: GCC.15) Project: GCC Planning Area 4 DR and TPM Project Map:

Current Status:

▪ Building Permits issued on November 28,2023 and are currently under construction.

Project No.: PLN22-20025 CR -13 and TPM No. 38438, PLN22 -20056 DR CR -14, PLN22 - 20057 DR CR-15, PLN22-20058 DR CR-16, PLN22-20059 DR CR-17 Project
Location:

Northeast corner of Hamner Avenue and Goodman Way (Assessor Parcel Number: 160-510-010, -011, -012, -013, -015, -016, and -033) Project
Description:

Major Development Review (DR) for development of five (5) business park buildings ranging in size from 40,000 sf to 59,987 sf in Planning Area 4 of the Goodman Commerce Center in Eastvale Specific Plan.

TPM No. 38438: For the reconfiguration of a 14.4-acre site into five (5) individual parcels.

Planner: Allen Lim
Notes:
▪ Received application on April 20, 2022.
▪ Project was deemed incomplete by Staff on May 19, 2022. ▪ Received resubmittal on August 8, 2022.
▪ Project was deemed incomplete by Staff on August 24, 2022. ▪ Project was deemed complete by Staff on September 28, 2022. ▪ On October 19,2022, the Planning Commission approved PLN22-20025, -56 through -59 subject to conditions of approval.

81 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

26 0B0Hamner Place Pad-2 (MAP ID: HPLC.4)
Project: PAD-2 at Hamner Place Project Map:

Current Status:
▪ The Shell for pad 2 and site improvements are currently under review with Building and Public Works Division.

Project No. PLN24-20019_MDR008_CUP001
Project
Location:

Northeast corner of Schleisman Rd. and of Hamner Ave.

Project
Description:

New 4,250 sq. ft. multi-tenant shops with pick-up drive-up lane.

Planner: Allen Lim
Notes:
▪ Received application on 2.26.24
▪ On March 21, 2024 an incomplete letter was sent out to the applicant, awaiting resubmittal.
▪ May 1, 2024 applicant resubmitted.
▪ June 3, 2024 the application was deemed complete and tentatively scheduled for July planning commission.
▪ On July 17, 2024 The Planning Commission approved the entitlements for PLN24-20019 and is subject to conditions of approval.

82 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

27 10B10BThe Ranch (MAP ID: RNCH)
Project: The Ranch Project Map

Current Status:
▪ Approved.
▪ Continue discussing potential development for commercial portion. ▪ Construction of six industrial/warehouse buildings are completed. ▪ A resolution for the Final Cancellation of the Williamson Act Contract for the Rodriguez Site was adopted by City Council meeting on July 24, 2019.

Project No. 15-0783
Project
Location:

Northeast and southeast corners of Hellman and future Limonite (Kimball) Avenues, west of Cucamonga Creek Channel.

Moons Site (APNs: 144-010-008-0, 144-101-013-4) and Rodriguez Site (APN:
144-010-009-1)
Project
Description:
• Specific Plan Amendment to modify boundaries for Planning Areas 1 through 6, land use designation for Planning Area 5, and revisions to allowable uses. No revisions to Planning Areas 7 through 9. • Major Development Review for six (6) industrial buildings totaling 985,000 square feet on six (6) parcels.
• Tentative Parcel Map No. 36787 to subdivide approximately 97 gross acres into 14 legal parcels.

CEQA: EIR Addendum
Planner: Allen Lim
Notes:
▪ Approved by City Council on December 9, 2015.
▪ February 19, 2016, a new owner purchased the six (6) industrial lots. ▪ Monument Sign approved on February 1, 2018.
▪ See the following projects for more recent activity at The Ranch:
▪ Project No. PLN18-20007: Eastvale 88,000 square-foot Warehouse building in Planning Area 3. (RNCH.1)
▪ Project No. PLN18-20050: Howard Industrial -Major Development Review, Tentative Map for Planning Areas 7, 8 and 9 (RNCH.2)
▪ Project No. PLN19-20034: Transwestern – Major Development Review, Amendment to Tentative Parcel Map for Planning Areas 7, 8, and 9 (RNCH.3) ▪ Project No. PLN19-20035: Summit Development – Major Development Review for Planning Area 6 (RNCH.4)
83 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

28 12B12BBeyond Food Mart at The Ranch (MAP ID: RNCH.5) Project: Beyond Food Mart Major Development Review and Conditional Use Permit(s) Project Map:

Current Status:
▪ The Building Permits have been issued permits and is
currently under construction.

Project No. PLN21-20014_DR002_CUP003
Project
Location:

Northeast corner of Hellman Ave. and Limonite Ave. at The Ranch Specific Plan (Assessor Parcel Number: 144-010-077)
Project
Description:

Major Development Review, for the construction of a new 7,150 square-foot Beyond Food Mart with a single lane drive-through operation, a 5,177 square-foot canopy, and a 2,312 square-foot drive-through carwash
Conditional Use Permit, for the operation of automobile service station with concurrent off sale of beer and wine (Type 20)
Conditional Use Permit, for the operation of a C-Store with a drive-through Conditional Use Permit, for the operation of a drive-through carwash

Planner: Allen Lim
Notes:
▪ Received application on 3.17.21
▪ On November 17, 2021, the Planning Commission approved project PLN21-20014, subject to conditions of approval.

84 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

29 13B13BThe Ranch TPM No. 38114 (MAP ID: RNCH.6)
Project: The Ranch TPM No. 38114 Project Map:

Current Status:
▪ The project is currently under review for building plan permits.

Project No. PLN22-20009_TPM38114
Project
Location:

Northeast corner of Limonite Avenue and Hellman Avenue; Assessor Parcel Number (APN) 144- 010-077
Project
Description:

Tentative Parcel Map to subdivide one (1) 10.68 acres into two (2) individual parcels.

Planner: Allen Lim
Notes:
▪ Received application on March 2, 2022
▪ On May 18th, 2022, the Planning Commission approved project PLN22-20009, subject to conditions of approval.

85 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

30 34B52BHotel Suites (HPLC.1)
Project: Hotel - Staybridge Suites at Hamner Place Project Map:

Current Status:
▪ The Staybridge Suites is partially operational. The rooftop restaurant and conference space remain under construction.

Project No. PLN19-20023
Project
Location:

Southeast corner of Hamner Avenue and Schleisman Road; ( Assessor Parcel Number: 152-050-050)
Project
Description:

Major Development Review for a hotel and a banquet facility and a Conditional Use Permit for the sale of alcohol for on-site consumption.

Planner: Allen Lim
Notes:
▪ Received application on June 6, 2019.

See the following project for more information:
▪ PLN17-20015: Hamner Place (former Polopolus Property) ▪ Approved by Planning Commission on June 19, 2019.
▪ Building plans received for review on January 30, 2020.

86 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

31 35B55BHamner Place Retail Suites D.R (HPLC.3)
Project: Hamner Place Retail Suites – Major Development Review (DR) Project Map:

Current Status:
▪ The Building is currently operational.

Project No. PLN19-20053
Project
Location:

Southeast corner of Hamner Avenue and Schleisman Road;
(Assessor’s Parcel Number: 152-060-003)
Project
Description:

Major Development Review for a multi-tenant building to include retail suites and a potential restaurant. The restaurant is proposed to be 5,910 square feet and the shops portion of the building is 2,270 square feet for a total building floor area of 9,190 square feet.

Planner: Allen Lim
Notes:
▪ Received application on November 21, 2019.
▪ On December 18, 2019, the Planning Commission approved project PLN19-20053 subject to conditions of approval.

87 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

32 36B57BThe Merge (MAP ID: MRG)
Project: The Merge Retail and Industrial Center Project Map:

Current Status:
• The Merge Industrial and Retail have completed construction. • Pad 2 is still awaiting tenants to occupy new building.

Project No. PLN18-20026
Project
Location:

Northeast corner of Limonite Avenue and Archibald Avenue; APN: 164-010- 019-6
Project
Description:

Major Development Review, Tentative Parcel Map, and Variance for the development of a retail and light industrial center on an approximately 26-acre site, and various Conditional Use Permits for certain uses.

Planner: Allen Lim
Notes:
▪ Received application on May 24, 2018; Development plans received on June 26, 2018.
▪ Draft Environmental Impact Report (EIR) available for a 45-day public review period from September 18, 2018, to November 2, 2018.
▪ Condition Use Permits application submitted on October 1, 2018. ▪ November 21, 2018, Planning Commission recommended approval of all applications, plus added new conditions for the Major Development Review application.
▪ December 12, 2018, City Council certified the EIR and approved all applications as recommended by the Planning Commission including the new conditions recommended by the Planning Commission, plus the Council added one new condition for the Major Development Review. January 9, 2019, City Council conducted second reading of ordinance for Change of Zone. ▪ Construction building plans for industrial buildings 1-6 approved by Planning

11.25.19 ▪ Sprouts (Major 1) is completed and in operation 10.28.20 ▪

88 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

33 14B15BWalmart (MAP ID: WMT)
Project: Walmart – Eastvale Crossings Project Map:

Current Status:
▪ The site is actively under construction.

Project No. PLN12-0051, PLN21-20021_DR002 (Ref. PLN12-0051) Project
Location:

Southeast corner of Limonite and Archibald Avenues (APN 144-030-039) Project
Description:

General Plan Amendment, Change of Zone, Major Development Review, five Conditional Use Permits, Tentative Tract Map No. 35061, and Variance for the development of a 177,000 +/- sq. ft. retail store and several outparcels on 24.78 acres.

CEQA: Environmental Impact Report (certified)
Major Development Review for the construction of a Walmart gasoline service station with an ancillary 1,620 square foot convenience store located on Parcel 2 of Tentative Tract Map No. 35061
Planner: Jamie K. Cerda
Notes:
▪ City Council approval on April 26, 2017.
▪ Project was reviewed by the Riverside County Airport Land Use Commission and received a conditional finding of conformance with the Chino Airport Land Use Compatibility Plan. ▪ Public review of DEIR available from September 27 to November 17, 2016. ▪ On March 15, 2017, the Planning Commission reviewed and recommended approval of the project to City Council. ▪ City Council public hearing on April 12, 2017, with a staff recommendation to continue the hearing to April 26, 2017. ▪ City Council approval on April 26, 2017. Notice of Determination recorded on April 27, 2017. ▪ Waiting for applicant to submit construction plans.
▪ Extension of Time (PLN19-20052) has been approved by the Planning Commission on 1.15.2020 ▪ Extension of Time (PLN19-20052) has been approved by the Planning Commission on 1.15.2020 ▪ Extension of Time (PLN21-20021 MDR002) has been approved by the planning department on 11.02.2021. ▪ Minor Development Review (PLN22-20012 MDR002) has been approved by the planning department on 1.24.2023 ▪ Extension of Time (PLN22-20017 EOT 001) has been approved by the planning department on 10.20.2021 ▪ On April 26, 2023, the City Council approved Final Map TR35061.

89 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

34 0B0Mister Carwash (MAP ID: WMT)
Project: Mister Car Wash Project Map:

Current Status:
▪ On September 18, 2024 the Planning Commission approved project PLN24-20024, subject to conditions of approval.

Project No. PLN24-20024_DR001_CUP002
Project
Location:

Southeast corner of Limonite Ave. and of Archibald Ave. (APN:144030039)
Project
Description:

New 5,435 sq. ft. building with 3 queuing lanes funneling into a 130’ tunnel which leads out to 26 vacuum stalls.

Planner: Steven D. Fowler
Notes:
▪ Received application on 3.25.24
▪ On April 23, 2024 an incomplete letter was sent to the applicant ▪ On June 11, 2024 resubmittal was received.
▪ On July 10, 2024 an incomplete letter was sent to the applicant ▪ On August 20, 2024, the Planning Division deemed the project complete

90 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

35 15B28BDunkin Donuts and Carwash DR and CUP (MAP ID: DUNK) Project: Dunkin Donuts and Carwash DR and CUP Project Map:

Current Status:
▪ Projects are currently under review building permits. ▪ Construction documents are under review with building division.

Project No. PLN21-20030_DR_003_CUP_007 Dunkin Donuts and PLN21- 20060_DR006_CUP011 American Express Carwash
Project
Location:

Northwest corner of Schleisman and Hamner Ave.; Assessor Parcel Number (APN) 152-341-017
Project
Description:

Major Development Review (DR): For the development of a 3,400 square foot multi-tenant building where 1,600 square feet will be for a Dunkin Donuts with a drive-through and outdoor patio and where 1,800 square feet will be for a bistro with an outdoor patio. (PLN21- 20030)

Major Development Review (DR): for the development of a 5,113 square foot car/truck wash with 18 vacuum stalls. (PLN21-20060)

Conditional Use Permit (CUP): To allow the operation of a drive- through for the proposed coffee shop. (PLN21-20030)

Conditional Use Permit (CUP): To allow the operation of a drive- through for the proposed car/truck wash use. (PLN21-20060) Planner: Jamie K. Cerda
Notes:
▪ Received application on 5.26.21
▪ Applicant has provided updated submittal package 5.9.22 ▪ On July 20, 2022 the Planning Commission approved project PLN21-20030 and PLN21-20060, subject to conditions of approval.

91 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

36 16B7BArchibald and Chandler Retail (MAP ID: ACR)
Project: Archibald and Chandler Retail Center Project Map:

Current Status:
▪ Awaiting submittal of Final parcel map to Public Works Department.
▪ Quick Quack has submitted for grading to public works and construction documents to building division.
▪ Dutch Bros has submitted for grading to public works and construction documents to building division.
▪ Overall site grading has been submitted to public works. ▪ Zendejas has submitted construction documents for plan check with the building division.

Project No. PLN23-20018 TPM #37653, PLN23-20019 MDR004 CUP002, PLN23-20020 MDR005 CUP003, PLN23-20020 MDR006
Project
Location:

Northwest corner of Archibald and Chandler; ( Assessor Parcel Numbers: 144- 130-004, 144-130-011, 144-130-012, 144-130-013)
Project
Description:

Tentative Parcel Map (37653) to parcelize a 2.71-acre site into three (3) parcels.

Minor Development Review for a commercial development on a 0.81-acre parcel comprised of a 3,500 square feet sit-down restaurant (Zendejas) Minor Development Review for a commercial development on a 1.18-acre parcel a 3,598 square feet drive-through carwash (Quick Quack Express Carwash)
Minor Development Review for a commercial development on a 0.75-acre parcel with a 950 square feet drive-through coffee shop (Dutch Bros).

Conditional Use Permit for the operation of a drive-through coffee shop.

Conditional Use Permit for the operation of a drive-through carwash.

Planner: Allen Lim
Notes:
▪ Received application on 04.11.23
▪ On 5/9/2023 comments were returned to the applicant.
▪ On July 27, 2023 the project was resubmitted.
▪ On August 24, 2023 a correction letter was sent out to the applicant. ▪ Application deemed complete scheduled Planning Commission date of October 18, 2023.
▪ The item was continued to the November 15, 2023 Planning Commission. ▪ The Item was continued to the December 20,2023 Planning Commission. ▪ On December 20, 2023, the Planning Commission approved entitlements for PLN23- 20018 TPM #37653, PLN23-20019 MDR004 CUP002, PLN23-20020 MDR005 CUP003, PLN23-20020 MDR006
92 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

37 17BMagnolia Ranch
Project: Magnolia Ranch (Woodside) Project Map:

Current Status:
▪ On October 18, 2023 Planning Commission approved entitlements for PLN23-20043 and is subject to conditions of approval.
▪ Building plans are currently under review with the Building Division.

Project No. PLN23-20043 DR005
Project
Location:

Southwest of Schleisman Rd. and Scholar Way. North of Orange St.

Project
Description:

Development Review for the development of 41 traditional single- family homes on lots of a minimum 55’ x 90 (4950 SF)

Planner: Jamie K. Cerda
Notes:
▪ Application submitted on July 6, 2023.
▪ Application was deemed incomplete on July 6, 2023
▪ Application deemed complete scheduled Planning Commission date of October 18, 2023
▪ Planning Commission approval on October 18, 2023

93 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

38 18BSt. Oscar Romero Modular Buildings
Project: St. Oscar Romero’s Modular Buildings Project Map:

Current Status:
▪ Awaiting the submittal of construction drawings for Building Division Review
▪ Grading plans have been submitted to Public Works Department for review.

Project No. PLN23-20038 MDR008
Project
Location:

Northwest corner of Chandler St. and of Selby Ave. North of Retriever St.

Project
Description:

Minor Development Review for the development of 2 temporary 1,059 square feet (total of 2,118 square feet) Modular Office Building with accessible stairs, ramps, restrooms, parking and connected walkway.

Planner: Steven D. Fowler
Notes:
▪ Application submitted on July 6, 2023.
▪ Application was deemed incomplete on July 6, 2023
▪ Application was deemed incomplete on July 24, 2023
▪ Application was resubmitted on August 21, 2023
▪ Application was deemed complete on September 7, 2023.

94 Planning Department Major Projects Summary
January 22, 2025

1. New projects are added to the bottom of the list as they are submitted.

2. Projects that have been completed for more than one year are removed from this list.

3. Highlighted Text =Updated Information

39 Future

29B29BThe Leal Plan (MAP ID: LEAL)
Project: Leal Master Plan Project Map:

Current Status:
▪ Construction documents are currently under review
for phase A of Leal Master Plan. Awaiting submission
of entitlements application for phase B.

Project No. Special Project
Project
Location:
160 acres + at the northwest corner of Hamner and Limonite Avenue, east of Scholar Way, and south of 58th Street.

Project
Description:

This Master Plan describes the community’s vision for the project area, identifies appropriate land uses, and includes the development standards that are necessary to achieve the vision, defines the character of the project’s development, lists the steps involved with the development process, and provides the project’s implementation plan.

CEQA: EIR
Planner: Jamie K. Cerda
Notes:
▪ In September 16, 2016, the Planning Commission reviewed and recommended approval to City Council.

May 2017 – City has been asked by property owner’s representative to postpone action on the project while issues related to the estate of Brad Leal are resolved August 30, 2017 – City met with Leal family and prospective developer to discuss processing and timing. ▪ City Council Approved Master Plan and Final Environmental Impact Report on December 13, 2017. ▪ Adopted by City Council on December 13, 2017.
▪ Staff continues to coordinate with the property owners as they seek a developer(s) for the site. ▪ Planning Commission recommend approval to City Council on April 26, 2022 ▪ On May 11, 2022, the City Council approved the Leal Masterplan Amendment (PLN21-20039) and related entitlements (DA, TTM 382290, DR PLN22-20020)
▪ On May 25, 2022, the City Council approved the second reading of the ordinances for the Leal Master Plan Amendment (PLN21-20039) and Development Agreement (PLN22-20039). ▪ On August 24, 2022, Lot Line Adjustment (2022-001) was recorded with the Assessor-County Clerk Recorder.
95 AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.4
January 22, 2025
Public Works Department Update
Prepared By:

Jimmy Chung, Public Works Director/City Engineer
Recommended Action(s)
Staff recommends that the City Council receive and file the Public Works Department update.

Summary
The Public Works Department provides monthly updates on residen"al and commercial development projects, encroachment permits, capital improvements projects including a grant summary.

Background
Not applicable
Analysis
Not applicable
Environmental
Not applicable
Strategic Plan Action - Priority Level: N/A
| Target #: N/A
| Goal #: N/A
Not applicable
Fiscal Impact
Not applicable
12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
96 Prior City Council/Commission Action
Not applicable
Attachment(s)
Attachment 1 - PW Project Update List.pdf

Attachment 2 - PW Grants Summary.pdf

12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
97 EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Capital Improvements Project
PROJECT NAME: Civic Center Project (Phase 1)
PROJECT DESCRIPTION: A design build project to construct a Phase 1 of the Civic Center Project, which includes approximately 52,000 square foot City Hall, a 25,000 square foot library, a 20,000 square foot police station with a park and a civic plaza.

PROJECT STATUS: In Design – Engineering: Permit Set was delivered on September 20, 2024 and is going through a permitting process.

PROJECT SCHEDULE:
• Advertise Construction Bid in January 2025.
• Begin Construction in May 2025.

PROJECT RENDERING:

98 EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Capital Improvements Project
PROJECT NAME: Limonite Gap Closure
PROJECT DESCRIPTION: Project will connect from 2,450 LF east of Hellman Ave to Archibald Avenue. The total length of the proposed project is approximately 3,200 LF including a bridge over the Cucamonga Creek. Both road and bridge will serve 4 lanes of traffic including bicycle and pedestrian facilities.

PROJECT STATUS: In Construction: Bridge was open to traffic in October. Contractor is working on the punchlist items and change order items.

PROJECT SCHEDULE: Construction activities began on September 5, 2023 with a construction duration of 260 working days.

PROJECT MAP:

Proposed Limonite Ave Bridge
99 EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Capital Improvements Project
PROJECT NAME: Improvement of Bike Network Connectivity/ATP Trails PROJECT DESCRIPTION: Project will design and construct nearly 5 miles of trails running along Scholar Way and Harrison Avenue. The project will provide dedicated space for people to bike and walk from northern City limit to the Santa Ana River Trail on the south.

PROJECT STATUS: In Design – Engineering: Design contract was awarded to Mark Thomas. Topographic Design Survey was completed, and non- infrastructure component of the project (phase 2) which includes public education and engagement has started.

PROJECT SCHEDULE: 75% PS&E (phase 3) will be tentatively delivered by January 31, 2025.

PROJECT MAP:

100

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Capital Improvements Project
PROJECT NAME: Limonite Gap Pedestrian Bridge
PROJECT DESCRIPTION: Project will design and install a prefabricated steel fabricated bridge over Cucamonga Creek Channel to close the gap of pedestrian path within the SCE easement.

PROJECT STATUS: : In Design – Engineering: Design contract was awarded to TYLin on April 10, 2024, and a notice to proceed was issued.

PROJECT SCHEDULE: 100% PS&E is anticipated to be delivered by June 2025.

PROJECT MAP:

101

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Capital Improvements Project
PROJECT NAME: Median Improvement Projects at River Rd, Cantu Galleano Rd, and Archibald Ave
PROJECT DESCRIPTION: Project will Install landscaped raised medians at River Rd, Cantu Galleano Rd, and Archibald Ave to physically separate opposing traffic streams and help stop vehicles traveling into opposing traffic lanes.

PROJECT STATUS: In Construction: construction bid was awarded to Hardy & Harper on November 13, 2024.

PROJECT SCHEDULE: An NTP was issued with the first working date of January 6, 2025.

PROJECT IMAGE:

102

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Capital Improvements Project
PROJECT NAME: Archibald Avenue/Limonite Avenue Widening Project PROJECT DESCRIPTION: Street widening and safety project for Archibald Avenue from the City of Ontario limits south of the SCE easement, including the intersection at Limonite Avenue and portions of Limonite Avenue east and west of the intersection. The project looks to improve safety and overall circulation in conjunction with the improvements associated with the Homestead and Merge developments, and Limonite Gap Project. Components of the project include, but are not limited to, coordinating with SCE to relocate SCE high-tension support structures.

PROJECT STATUS: • Installation of new transmission poles is completed. • Existing poles were removed mid -July, allowing the Developers to start coordinating their construction schedules.
• Permits have been pulled by Walmart to start the widening work on Archibald and Limonite.

PROJECT MAP:

LIMONITE AVE

ARCHIBALD AVE
103

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Commercial Development
PROJECT NAME: The Merge
PROJECT LOCATION: Northeast corner of Limonite Avenue and Archibald Avenue PROJECT DESCRIPTION: Improvements includes 26 gross acres.

PROJECT STATUS: Onsite and offsite improvements complete All off-site improvements have been accepted.

PROJECT MAP:

ARCHIBALD AVE

LIMONITE AVE
104

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Commercial Development
PROJECT NAME: The Ranch by Transwestern
PROJECT NUMBER: PW19-11322
PROJECT LOCATION: East end of Limonite Avenue west of the Cucamonga Creek PROJECT DESCRIPTION: Improvements include 20 gross acres including 2 light industrial warehouses.

PROJECT STATUS: Onsite and offsite improvements have been completed, the City and Developer are working together to close out the project.

PROJECT MAP:

CUCAMONGA CREEK

HELLMAN AVE
105

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Commercial Development
PROJECT NAME: Homestead
PROJECT NUMBER: PW20-10052
PROJECT LOCATION: Northwest corner of Limonite Avenue and Archibald Avenue PROJECT DESCRIPTION: Improvements include 55.86 gross acres consisting of six industrial buildings
PROJECT STATUS: Onsite improvements complete
Developer is also responsible for improvements along Archibald Avenue which are currently underway and in the final stages of approval.

PROJECT MAP:

LIMONITE AVE

ARCHIBALD AVE
106

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Commercial Development
PROJECT NAME: Vantage Pointe Church
PROJECT NUMBER: PW15-1174
PROJECT LOCATION: Northeast corner of Archibald Avenue and Prado Basin Park Road PROJECT DESCRIPTION: Improvements include development of an approximately 85,000 sq. ft. church which includes a sanctuary, classrooms, cafe, and a bookstore on 10.43 acres.

PROJECT STATUS:

Street widening has been completed. The project is in the closeout stages.

PROJECT MAP:

107

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Commercial Development
PROJECT NAME: Hamner Place
PROJECT NUMBER: PW18-10712
PROJECT LOCATION: East of Hamner Avenue and Schleisman Road PROJECT DESCRIPTION: Improvements include 21.48 gross acres.

PROJECT STATUS: Onsite improvement ongoing
Chipotle has applied for a grading permit.

PROJECT MAP:

HAMNER AVE
108

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Commercial Development
PROJECT NAME: The Ranch (Parcel 14)
PROJECT NUMBER: PW20-10007
PROJECT LOCATION: East of Limonite Avenue west of the Cucamonga Creek PROJECT DESCRIPTION: Improvements include the development of 61,000 square foot industrial building.

PROJECT STATUS: Developer has finalized the project.

PROJECT MAP:

CUCAMONGA CREEK
109

EASTVALE PUBLIC WORKS

PROJECT UPDATES

PROJECT TYPE: Residential Development
PROJECT NAME: Eastwalk/ Leal
PROJECT NUMBER: PW22-1004
PROJECT LOCATION: Northwest corner of Limonite Avenue and Hamner Avenue PROJECT DESCRIPTION: 158.6 acre development that will include approximately 2500 residential units as well as plans for future commercial development PROJECT STATUS: Developer has obtained precise grading, street, sewer and water, and building permits.

Model homes are open and public improvements are on-going.

PROJECT MAP:

HAMNER AVENUE

SCHOLAR WAY
58TH STREET

LIMONITE AVENUE
110

AGENCY GRANT NAME PROJECT NAME GRANT AWARD MATCH DUE DATE STATUS California Transportation
Commission/California
Department of Transportation
ATP: Active Transportation Project Cycle 4 Improvement of Bike Network Connectivity $ 6,471,000.00 $ 1,620,000.00 Grant request has been
approved. The project is
currently under design.

California Transportation
Commission/California
Department of Transportation
LPP: Local Partnership Program Limonite Gap Closure Project 9,475,000.00$ -$
Grant request has been
approved. Allocation for
construction funds was
requested and approved.

California Department of
Transportation
HSIP: Highway Safety Improvement
Program Cycle 10
Advanced Dilemma Zone Detection
712,800.00$ -$ CON allocation was approved.

The project is under construction.

USDOT: Department of
Transportation
Congressman Calvert: 2023 Transportation
and Infrastructure Appropriations Bill Limonite Gap Pedistrian Bridge 1,600,000.00$ 400,000.00$ California Department of
Resources Recycling and
Recovery CalRecycle Rubberized Pavement (TRP)
Grant Program (TRP16-23-0047) Annual Overlay/Residential Slurry Seal Project 170,586.00$ April 1, 2026 Riverside County
Transportation Commission
2023 Western Riverside County Regional
Arterials Limonite Gap Closure 13,500,000.00$ $ 13,500,000.00

PUBLIC WORKS GRANTS SUMMARY

GRANTS AWARDED
111

AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.5
January 22, 2025
Approval of First Amendment to the Professional Services Agreement with the T.Y.Lin Interna0onal for the Limonite Gap Closure Pedestrian Bridge Project
Prepared By:

Jimmy Chung, Public Works Director/City Engineer
Recommended Action(s)
Staff recommends that the City Council approve the First Amendment to the Professional Services Agreement with T.Y. Lin Interna)onal for the Limonite Gap Closure Pedestrian Bridge Project increasing the contract amount by $27,894.

Summary
Limonite Gap Closure Pedestrian Bridge Project is iden)fied as one of the 'Cri)cal' projects in the City's 5-year Capital Improvement Program (CIP) for FY 2024/2025 to FY 2028/2029. The project scope includes installa)on of a prefabricated steel pedestrian bridge over Cucamonga Creek Channel to close the gap of pedestrian path within the SCE easement, approximately 0.1 miles south of Limonite Avenue. The rendering of the pedestrian bridge is included in A<achment 1. This project is a first critical step to achieve the connectivity from American Heroes Park Trail to Orchard Park.

This project is the federal funding award from the Community Project Funding / Congressionally Directed Spending Cycle 2 and its associated deadlines force the expedited comple)on of the design phase. Staff had an opportunity to submit the project applica)on to the office of Congressman Ken Calvert for the CPFCDS Cycle 2 (FFY 2023), and the project was recommended for funding in the amount of $1,600,000 for construc)on phase. This funding needs to be obligated by September 30,
2026 and expended by September 30, 2031.
12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
112
On April 10, 2024, the City Council approved a Professional Services Agreement with T.Y.Lin Interna)onal (T.Y.Lin) for a total of $656,283. This amount includes $596,621 for planning, engineering, and environmental services, along with a 10% con)ngency of $59,662 for the Limonite Gap Closure Pedestrian Bridge Project.

At the )me of the original proposal, it was an)cipated that a 408 permit would not be required, as the work is outside the channel. However, aFer coordina)ng, the U.S. Army Corps of Engineers (USACE) is requiring a full 408 permit review. To accommodate this addi)onal requirement, T.Y.Lin has submi<ed a request for $87,556, of which $59,662 will be covered by the already approved contingency funds, and $27,894 will still need to be added.

Background
Summary of Proposed Work
The addi)onal work request involves a number of different tasks. Below is a summary of the proposed work and Attachment 2.1 provides an explanation in detail:

Water Quality Technical Memorandum - $2,400
T.Y.Lin will prepare a Water Quality Technical Memorandum according to Caltrans guidelines and the Standard Environmental Reference (SER). The Water Quality Memorandum will iden)fy Best Management Prac)ces (BMPs) to reduce adverse effects to water quality.

Drainage and TWPC Plans - $26,000
T.Y.Lin will prepare plans that include installa)on of new drainage facili)es associated with the proposed improvements and modifica)on/replacement of exi)ng drainage facili)es. T.Y.Lin will also prepare a Drainage Design memorandum to determine existing hydrology and drainage systems within the Project area.

USACE 408 Permit Application and Coordination - $59,156 T.Y.Lin will prepare an Administra)ve DraF 408 Permit package and submit to the USACE. T.Y.Lin will be responsible for management and supervision of the 4080 Permit progression after submittal to the USACE.

Tentative Project Schedule
The project schedule remains unchanged, with the current timeline estimated as follows:

100% PS&E
June 2025
Funding Allocation
September 2025
Advertise for
Construction
September 2025
Construction Contract
Award
December 2025
Construction
Commencement
January 2026
Construction Complete
January 2027

12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
113
Environmental
E-76, formally called an "Authoriza)on to Proceed", is a federal authoriza)on of funds to establish the reimbursement date for a phase of work, and it requires a submission of the approved NEPA (Na)onal Environmental Policy Act) document. TY Lin's scope includes prepara)on of the environmental document and all necessary technical studies according to the NEPA.

Strategic Plan Action - Priority Level: N/A
| Target #: E
| Goal #: E
Plan for landscape, roads and street maintenance
Fiscal Impact
The project has adequate funds budgeted in Gas Tax (200-510-6662-93037) in the amount of $692,547 for FY 2024/2025.

Prior City Council/Commission Action
On February 26, 2020, City Council reviewed and provided comments on the related to the vehicular and pedestrian bridge aesthetics and geometrics for the Limonite Gap Closure Project.

On January 26, 2022, City Council approved a Professional Services Agreement with Contech Engineered Solutions, LLC for the Limonite Gap Closure Pedestrian Bridge Design.

On April 10, 2024, City Council approved a Professional Services Agreement with T.Y.Lin International or the Limonite Gap Closure Pedestrian Bridge Design.

Attachment(s)
Attachment 1 - First Amendment to PSA

Attachment 2.1 - Exhibit A to First Amendment

Attachment 2.2 - Exhibit B to First Amendment

Attachment 3 - Original Agreement

12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
114
4915-0672-2062 v2
1 FIRST AMENDMENT TO AGREEMENT

This First Amendment to Agreement (“First Amendment”) is entered into this ____ day of _________, 2025 by and between the City of E astvale, a municipal corporation (“City”) and T.Y.Lin International (“Contractor”), as follows:

RECITALS
A. City and Contractor entered in an agreement for design and engineering services on or about April 10, 2024 (“Agreement”) w ith a not to exceed amount of $656,283.

B. This First Amendment to the Agreement includes a dditional services as outlined in the Scope of Work and increases the contract amount by $27,894 and amends the total contract compensation to $684,177.

OPERATIVE PROVISIONS
NOW, THEREFORE, in consideration of the mutual promises and covenants made by the Parties and contained herein and other consi deration, the value and adequacy of which are hereby acknowledged, the Parties do hereb y enter into this First Amendment which modifies and amends the Agreement as follows:

1. AMENDMENTS
(a) Scope of Services . In addition to the Services to be provided by Contractor as set forth in the Agreement, Contractor shall per form the services detailed in the Additional Work Request attached to this First Amen dment as Exhibit “A” (“Additional Services”), which shall be added to the Scope of Services for the Agreement. (b) Compensation and Method of Payment .
(i) Exhibit “B” to the Agreement is amended to add Exhibit “B” to this First Amendment.
(ii) The second sentence of Section 4(a) of the Agr eement is amended to read as follows:
“The total compensation, including reimbursement fo r actual expenses, shall not exceed $684,177.00, unless additional compensation is approved in writing in accordance with Section 26 or Section 28 of this Agreement.”

115
4915-0672-2062 v2
2 2. GENERAL PROVISIONS
(a) Remainder Unchanged. Except as specifically modified and amended in this First Amendment, the Agreement remains in full force and effect and binding upon the parties.
(b) Integration. This First Amendment constitutes the entire underst anding and agreement of the parties and supersedes all neg otiations or previous agreements between the parties with respect to all or any part of the transaction discussed in this First Amendment.
(c) Effective Date. This First Amendment shall not become effective unt il the date it has been formally approved and executed by the appropriate authorities of the City and Contractor.
(d) Applicable Law. The laws of the State of California shall govern th e interpretation and enforcement of this First Amendment. (e) References. All references to the Agreement include all their r espective terms and provisions. All defined terms utilized in this First Amendment have the same meaning as provided in the Agreement, unless expres sly stated to the contrary in this First Amendment.

IN WITNESS WHEREOF , the Parties hereto have executed this Agreement on the date and year first-above written.

CITY OF EASTVALE
___________________________
Mark Orme
City Manager
ATTEST:
___________________________
Marc Donohue
City Clerk
116
4915-0672-2062 v2
3 APPROVED AS TO FORM
_______________________________
Erica Vega
City Attorney
T.Y.Lin International
By: ____
Name: ___________________________
Its: ______________________________

NOTE: CONTRACTOR’S SIGNATURES SHALL BE DULY NOTARIZ ED, AND

APPROPRIATE ATTESTATIONS SHALL BE INCLUDED AS MAY B E

REQUIRED BY THE BYLAWS, ARTICLES OF INCORPORATION, OR
OTHER RULES OR REGULATIONS APPLICABLE TO CONTRACTOR’S
BUSINESS ENTITY. CORPORATIONS AND LLCS MUST SUBMIT

DOCUMENTATION SHOWING THAT THE INDIVIDUAL SIGNING ON ITS BEHALF HAS THE AUTHORITY TO EXECUTE THIS CONTRACT.

Dan Fitzwilliam
Vice President
117
Task #3A: Environmental Documentation
Subtask #3.2.8 Water Quality T echnical Memorandum: TYLin will prepare a Water Quality Technical Memorandum in lieu of the Community Impacts Assessment Memorandum identified in Task 3.2.7 as the CIA memorandum is not required for the project. The Water Quality Technical Memorandum will be prepared for the project according to Caltrans guidelines and the Standard Environmental Reference (SER). The Water Quality Technical Memorandum will identify Best Management Practices (BMPs) to reduce adverse effects to water quality.

Deliverables:
• Water Quality Technical Memorandum

Assumptions and Exclusions:

A Location Hydraulic & Floodplain Study will not be performed

Task #5A: Plans, Specifications and Estimates (PS&E)
Drainage and TWPC Plans: Plans will include installation of new drainage facilities associated with the proposed improvements and modification/replacement of existing drainage facilities.

Deliverables:
• Drainage and TWPC Plans

Drainage Design Memorandum: Consultant will prepare a Drainage Design memorandum to determine existing hydrology and drainage systems within the Project area. The impact of the Project improvements will be documented, and proposed drainage improvements and calculations will be included in a technical memorandum. A conceptual cost estimate for drainage improvements will also be included in the report.

Deliverables:
• Drainage Design Memorandum

Assumptions and Exclusions:
• A Conceptual Storm Water Pollution Control Plan will not be prepared • Erosion Control Plans will not be prepared given the permeable nature of the proposed improvements and the assumption that the pedestrian bridge will not collect water outside of the bridge footprint (direct sheet flow into the channel).

118

Task #7A: USACE 408 Permit Application and Coordination USACE 408 Permit Application and Coordination: TYLin will prepare an Administrative Draft 408 Permit package submittal to the USACE. TYLin will prepare the Administrative Draft 408 Permit package using the USACE’s most recent 408 permit submittal checklist and guidance.

The Administrative Draft 408 Permit package will contain a detailed description of the proposed change to the USACE facility, the project location, and all required engineering plans, studies and calculations for the proposed change to a USACE facility. This package will also contain construction plans, preparation of a NEPA Environmental Assessment/Finding of No Significant Impact (EA/FONSI), technical studies, and any additional information gathered during background research. The Administrative Draft 408 Permit package will be submitted to the USACE review and comments. TYLin will facilitate the responses to comments and revisions to the plans. Two rounds of review are anticipated with comments and revisions in order to finalize the 408 package and submittal to the USACE.

USACE Coordination efforts will consist of the following:

1. TYLin will lead, facilitate or participate in up to ten (10) project meetings with USACE, City of Eastvale (City), and San Bernardino County Public Works) team participants. Meetings may be conducted via virtual (MS Teams, Zoom, WebEX, etc.), or conference/telephone calls.

2. TYLin will develop draft/final minutes to document every meeting. Final meeting minutes will be distributed to all invited participants.

3. TYLin will conduct follow up communication with the appropriate agency member(s) regarding focus project items. All communication will be documented and provided to the City.

4. TYLin will may need to meet separately with the various USACE departments (i.e.

Program/Project Management Office, Engineering, Operations, Real Estate, Environmental, and Office of Counsel) to obtain follow-up responses to meeting comments or questions. All meetings will be documented and provided to the City.

Deliverables:
• Administrative Draft 408 Permit package sent via the Corps’ online file transfer service and/or email or CD
• Administrative Draft 408 Permit package sent via email and/or online file transfer service to the City.

USACE 408 Processing and Coordination: TYLin will be responsible for management and supervision of the 408 Permit progression after submittal to the USACE, as well as coordination with agencies that have discretion with the 408 permit (such as the Regional Water Quality Control Board, U.S. Fish and Wildlife, California Department of Fish and Wildlife, California State Historic Preservation Office, etc.). TYLin will conduct and facilitate coordination with the USACE 119
during the permit application process. TYLin will communicate on a regular basis with the USACE’s point of contact and provide an update status to City via emails. This communication and coordination tasks include continuous follow ups with each of the agencies to confirm receipt and assignment to an agency project manager, for status of review of the application packages, and to identify and respond to any questions or additional information requests.

TYLin will facilitate and manage version control with comment rounds with the Corps and response to comments (RTCs) with City and their 408 Permit team for a total of two (2) comment rounds. TYLin will prepare draft letters, internal memoranda, and documents for the Corps to expedite processing the various elements of the 408 Permit.

USACE Coordination efforts will consist of the following:

1. TYLin will lead, facilitate or participate in up to ten (10) project meetings with USACE, City of Eastvale (City), San Bernardino County Public Works, and Resource Agencies team participants. Meetings may be conducted, virtual (MS Teams, Zoom, WebEX, etc.), or conference/telephone calls.

2. TYLin will develop draft/final minutes to document every meeting. Final meeting minutes will be provided to TYLIN to be distributed to all invited participants.

3. TYLin will conduct follow up communication with the appropriate agency member(s) regarding focus project items. All communication will be documented and provided to the City.

4. TYLin will may need to meet separately with the various USACE departments (i.e.

Program/Project Management Office, Engineering, Operations, Real Estate, Environmental, and Office of Counsel) to obtain follow-up responses to meeting comments or questions. All meetings will be documented and provided to the City.

Deliverables:
• Section 408 Permit
Assumptions and Exclusions:
• It is assumed that the NEPA Class of Action for USACE is an EA/FONSI and an EIS will not be required.
• It is assumed that the HPSR prepared as part of Task 3 for Caltrans will be accepted by USACE for Section 106 Compliance and no additional documentation or Consultation will be required.
• It is assumed that the NES(MI) prepared as part of Task 3 for Caltrans will be accepted by USACE for Section 7 Compliance and no additional documentation or Consultation will be required.
• It is assumed that flow information and necessary hydraulic models of the Cucamonga Creek will be provided to TYLin.

120
# ADDITIONAL BUDGET

1.0 2.0

3.0 2,400 $

4.0 5.0 26,000 $

6.0 7.0 59,156 $

8.0 9.0
87,556 $

PROJECT COST PROPOSAL - UPDATE
Cucamonga Creek Pedestrian Bridge
City of Eastvale
Firm Name : TYLin
TASK
Project Management and Coordination
Utility Research and Mapping
Environmental Documentation
Geotechnical Investigation Report
Plans, Specifications and Estimates (PS&E)
Right of Way Acquisition
Permits
Bid Support
Construction Support
TOTAL
121
T.Y. LIN INTERNATIONAL
ENGINEERING SERVICES FOR PORT OF LOS ANGELES NAVY WAY TYLin Eastvale Cucamonga Creek Pedestrian Bridge

Contract No. XXXXX
Date: 11/16/2024
PROJECT COST PROPOSAL - UPDATE T.Y. Lin International
Project Title: Engineering Services for City of Eastvale - Limonite Gap Closure Pedestrian Bridge Project Project Number: 0.00
Client Reference: 0
Estimated Labor Hours
Task/Subtask
Project Manager
Discipline Lead
Senior Discipline
Engineer
Discipline Engineer
CADD Manager
CADD Technician
Roadway Lead
Senior Roadway
Engineer
Roadway Engineer
Drainage Lead
Environmental
Manager
Senior
Environmental
Planner
Project Controls
Admin
Environmental
Specialist Hours
Total Labor
Amount

3.00 3.2.8 12 12 $2,400
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
0 0 0 0 0 0 0 0 0 0 12 0 0 0 0 12 $2,400
Total Hours: 0 0 0 0 0 0 0 0 0 0 12 0 0 0 0 12 $2,400
math check--> 12 $2,400
(Fully Loaded/Burdened) Labor Rate: $266.00 $180.00 $158.00 $158.00 $163.00 $147.00 $225.00 $175.00 $124.00 $200.00 $200.00 $175.00 $110.00 $1.00 $175.00 Labor Subtotal: $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,400 $0 $0 $0 $0

4.0%
SUBCONSULTANT/VENDOR SERVICES Amount 1.00
Laurel CEC-Environmental $2,400
Duke CRM-Environmental
Monument ROW -$ OTHER DIRECT COSTS Quant Unit Price Amount EMI Geotechnical - $ Printing & Repro 8.5x11 Copy $0 LIN-Lighting - $ Printing & Repro 11x17 Copy $0 GUIDA-Surveying&Mapping - $ Mileage Mile $0 YKD Landscape Architect - $ Shipping & Delivery Each $0 Sub 8 - $ Miscellaneous Each $0
Sub 9 - $ Airfare / Lodging Each $0
Sub 10 - $ $0
$0
$0
$0
Subtotal - SUBCONSULTANT SERVICES: $0 OTHER DIRECT COSTS: $0 SUBCONSULTANT/VENDOR SERVICES: $0
BASE BUDGET: $2,400
ADDITIONAL SERVICES BUDGET: $0
TOTAL BUDGET: $2,400
Notes:

1. Escalated Fee assumed to midpoint of contract duration, with no escalation for the first year.

Description
Task #3: Environmental Documentation
Water Quality Tech Memo (Delta budget from task 3.2.7)
TASK SUBTOTAL:

Annual Escalation Rate:

Contract Duration (Years):
(Fully Loaded/Burdened) LABOR:

TYLin-Eastvale Cucamonga Creek Ped Combined fee-US_Updated Rev12- Working.xls Printed: 1/14/2025 122
T.Y. LIN INTERNATIONAL
ENGINEERING SERVICES FOR PORT OF LOS ANGELES NAVY WAY TYLin Eastvale Cucamonga Creek Pedestrian Bridge

Contract No. XXXXX
Date: 11/16/2024
PROJECT COST PROPOSAL - UPDATE T.Y. Lin International
Project Title: Engineering Services for City of Eastvale - Limonite Gap Closure Pedestrian Bridge Project Project Number: 0.00
Client Reference: 0
Estimated Labor Hours
Task/Subtask
Project Manager
Discipline Lead
Senior Discipline
Engineer
Discipline Engineer
CADD Manager
CADD Technician
Roadway Lead
Senior Roadway
Engineer
Roadway Engineer
Drainage Lead
Environmental
Manager
Senior
Environmental
Planner
Project Controls
Admin
Environmental
Specialist Hours
Total Labor
Amount

5.00 5.12 Drainage and TWPC Plans 90 90 $18,000

5.13 Drainage Design Memorandum 40 40 $8,000

5.14 0 $0

5.15 0 $0

5.16 0 $0

5.17 0 $0

5.18 0 $0

5.19 0 $0

5.20 0 $0

5.21 0 $0

5.22 0 $0

5.23 0 $0

5.24 0 $0

5.25 0 $0
` 0 0 0 0 0 0 0 0 0 130 0 0 0 0 0 130 $26,000
Total Hours: 0 0 0 0 0 0 0 0 0 130 0 0 0 0 0 130 $26,000 math check--> 130 $26,000
(Fully Loaded/Burdened) Labor Rate: $266.00 $180.00 $158.00 $158.00 $163.00 $147.00 $225.00 $175.00 $124.00 $200.00 $200.00 $175.00 $110.00 $1.00 $175.00 Labor Subtotal: $0 $0 $0 $0 $0 $0 $0 $0 $0 $26,000 $0 $0 $0 $0 $0

4.0%
SUBCONSULTANT/VENDOR SERVICES Amount 1.00
Laurel CEC-Environmental - $ $26,000
Duke CRM-Environmental -$
Monument ROW -$ OTHER DIRECT COSTS Quant Unit Price Amount EMI Geotechnical - $ Printing & Repro 8.5x11 Copy $0 LIN-Lighting - $ Printing & Repro 11x17 Copy $0 GUIDA-Surveying&Mapping - $ Mileage Mile $0 YKD Landscape Architect - $ Shipping & Delivery Each $0 Sub 8 - $ Miscellaneous Each $0
Sub 9 - $ Airfare / Lodging Each $0
Sub 10 - $ $0
$0
$0
$0
Subtotal - SUBCONSULTANT SERVICES: $0 OTHER DIRECT COSTS: $0 SUBCONSULTANT/VENDOR SERVICES: $0
BASE BUDGET: $26,000
ADDITIONAL SERVICES BUDGET: $0
TOTAL BUDGET: $26,000
Notes:

1. Escalated Fee assumed to midpoint of contract duration, with no escalation for the first year.

TASK SUBTOTAL:

Annual Escalation Rate:

Contract Duration (Years):
(Fully Loaded/Burdened) LABOR:

Description
Task #5: Plans, Specifications and Estimates (PS&E)
TYLin-Eastvale Cucamonga Creek Ped Combined fee-US_Updated Rev12- Working.xls Printed: 1/14/2025 123
T.Y. LIN INTERNATIONAL
ENGINEERING SERVICES FOR PORT OF LOS ANGELES NAVY WAY TYLin Eastvale Cucamonga Creek Pedestrian Bridge

Contract No. XXXXX
Date: 11/16/2024
PROJECT COST PROPOSAL - UPDATE T.Y. Lin International
Project Title: Engineering Services for City of Eastvale - Limonite Gap Closure Pedestrian Bridge Project Project Number: 0.00
Client Reference: 0
Estimated Labor Hours
Task/Subtask
Project Manager
Project Director
Discipline Lead
Senior Discipline
Engineer
Discipline Engineer
CADD Manager
CADD Technician
Roadway Lead
Senior Roadway
Engineer
Roadway Engineer
Drainage Lead
Environmental
Manager
Senior
Environmental
Planner
Project Controls
Admin
Environmental
Specialist Hours
Total Labor
Amount

7.00 7.08 16 10 40 20 10 96 $19,756

7.09.1 4 16 20 $3,600

7.09.2 2 8 8 18 $3,200

7.09.3 0 $0

7.09.4 Environmental Review Checklist 4 8 4 16 $2,900

7.09.5 Draft NEPA EA/FONSI 16 50 20 86 $15,450

7.09.6 Final NEPA EA/FONSI 8 20 10 38 $6,850

7.09.7 Technical Review Checklist 10 5 10 10 35 $6,500
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
0 $0
16 0 0 0 0 0 0 10 0 0 10 79 132 0 0 62 309 $58,256
Total Hours: 16 0 0 0 0 0 0 10 0 0 10 79 132 0 0 62 309 $58,256 math check--> 309 $58,256
(Fully Loaded/Burdened) Labor Rate: $266.00 $321.00 $180.00 $158.00 $158.00 $163.00 $147.00 $225.00 $175.00 $124.00 $200.00 $200.00 $175.00 $110.00 $1.00 $175.00 Labor Subtotal: $4,256 $0 $0 $0 $0 $0 $0 $2,250 $0 $0 $2,000 $15,800 $23,100 $0 $0 $10,850

4.0%
SUBCONSULTANT/VENDOR SERVICES Amount 1.00
Laurel CEC-Environmental - $ $58,256
Duke CRM-Environmental -$
Monument ROW 900.00$ OTHER DIRECT COSTS Quant Unit Price Amount EMI Geotechnical - $ Printing & Repro 8.5x11 Copy $0 LIN-Lighting - $ Printing & Repro 11x17 Copy $0 GUIDA-Surveying&Mapping - $ Mileage Mile $0 YKD Landscape Architect - $ Shipping & Delivery Each $0 Sub 8 - $ Miscellaneous Each $0
Sub 9 - $ Airfare / Lodging Each $0
Sub 10 - $ $0
$0
$0
$0
Subtotal - SUBCONSULTANT SERVICES: $900 OTHER DIRECT COSTS: $0 SUBCONSULTANT/VENDOR SERVICES: $900
BASE BUDGET: $59,156
ADDITIONAL SERVICES BUDGET: $0
TOTAL BUDGET: $59,156
Notes:

1. Escalated Fee assumed to midpoint of contract duration, with no escalation for the first year. (Fully Loaded/Burdened) LABOR:

General Requirement Checklist
Real Estate Review Checklist
TASK SUBTOTAL:

Annual Escalation Rate:

Contract Duration (Years):

Description
Task #7A: USACE 408 Permit
Coordination / Administration
Permit Application (SPL Form 25)
TYLin-Eastvale Cucamonga Creek Ped Combined fee-US_Updated Rev12- Working.xls Printed: 1/14/2025 124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165

AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.6
January 22, 2025
Fourth Contract Amendment with Geocon West Inc. for the Eastvale Civic Center
Prepared By:

Jimmy Chung, City Engineer/Public Works Director
Recommended Action(s)
Staff recommends that the City Council a
uthorize the City Manager to execute a contract
amendment with Geocon to provide a supplemental geotechnical inves%ga%on for an addi%onal amount of $10,540 for a total not-to-exceed amount of $80,365.

Summary
Geocon's original scope included preparing a geotechnical report and providing construc%on recommenda%ons for the Civic Center project. During the plan check process, it was determined that a supplemental geotechnical inves%ga%on is required for the proposed police headquarters building to comply with California Geological Survey Note 48 for the Type 4 structure.

An "essen%al facility" in building code refers to a structure designed to remain opera%onal during and a8er a major disaster, such as a hospital, fire sta%on, police sta%on, emergency opera%ons center, or power plant, and is typically classified as a "Risk Category IV" building requiring stricter design standards to ensure con%nued func%onality in extreme events like earthquakes or hurricanes. Council approval of this amendment will authorize the supplemental tes%ng needed to address the plan check comment.

Background
The addi%onal scope will include advancing 7 addi%onal cone penetrometer borings at the site, performing site-specific seismic calcula%ons, and compiling the supplemental geotechnical report in accordance with CGS Note 48. 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
eastvaleca.gov
166

Geocon currently has a contract for $69,825. With this contract amendment, Geocon will provide the addi%onal services for a lump sum of $10,540. Consul%ng costs for these professional engineering services are budgeted under account 600-500-6650.

Environmental
Approval of agreement is an administra%ve ac%vity and is exempt from the California Environmental Quality Act (CEQA) because it will not result in direct or indirect physical changes in the environment. Construc%on of the Civic Center site is covered under an Addendum to the Program Environmental Impact Report prepared for the Leal Master Plan Amendment which was adopted by the City Council on May 11, 2022.

Strategic Plan Action - Priority Level: 1
| Target #: 5
| Goal #: 1
The proposed contract contribute to the development of Downtown Eastvale, which can significantly aEract businesses and retailers to establish their presence in the City and create a “Destination Eastvale” with high-quality and unique businesses Develop and Construct Civic Center; and Construct a Police Substation building.

Fiscal Impact
Total fiscal impact is $10,540. Adequate budget is available under Capital Improvement Plan Project No. 95011 for the Civic Center in the General Capital Projects Fund under account 600-500-6650.

Prior City Council/Commission Action
Council authorized staff to start the RFP process for an Owner Representa%ve/Program Manager and Bridging Architect on July 28, 2021.

In November 2021, the City Council approved a contract with Griffin Structures and sub-consultants, LPA (architects), Urban Arena (architects), and Circle Pointe (communica%ons) in the amount of $4,580,000 for outreach, design up to Design Development, and Construction Administration

City Council approved the Downtown Eastvale Master Plan Amendment (Leal Master Plan Amendment) project and the associated Development Agreement on May 11, 2022.

On October 12, 2022 the City Council authorized the City Manager to execute a contract amendment with Gensler architectural services for $230,000, for a combined amount not-to-exceed $250,000, to perform planning and pre-design services for Downtown Eastvale.

On October 12, 2022, the City Council authorized the City Manager to execute the First Amendment to the Agreement with Griffin Structures to reduce the Scope of Services, retaining Griffin as the Owner Representa%ve/Program Manager for the Civic Center project and elimina%ng sub- consultants, and reducing the total compensa%on amount to $1,845,353 and modifying the delivery method.

On November 30, 2022, the City Council held a workshop on the Civic Center Public Infrastructure Project and set the building sizes for the Civic Center Campus.

On May 10, 2023, the City Council authorized the City Manager to execute a contract amendment 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
eastvaleca.gov
167
with Gensler which included a team of subconsul%ng Engineers of Record for architectural, engineering, and interior design services for Phase 1 of the Civic Center Project (City Hall, Library, Police Station, Civic Plaza, Civic Park) for total contract not-to-exceed amount of $12,178,295.

On June 28, 2023, the City Council authorized the City Manager to execute a contract amendment with Geocon to provide geotechnical services for a not to exceed amount of $33,025.

One September 13, 2023, the City Council authorized the City Manager to execute a contract amendment with Geocon to provide addi%onal geotechnical services for an addi%onal amount of $12,300 for a total not to exceed amount of $45,325.

On November 13, 2023, the City Council authorized the City Manager to execute a contract amendment with Geocon to provide the Preliminary Environment for an addi%onal amount of $24,500 for a total not-to-exceed amount of $69,825.

Attachment(s)
Attachment 1 - Geocon Agreement for Services - Original Contract

Attachment 2.1 - Fourth Amendment to the Contract

Attachment 2.2 - Exhibit A to the Fourth Amendment

12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
168

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Geocon West, Inc., a California Corporation
Joseph J. Vettel
Chief Executive Officer
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4855-0611-4804 v1 -1-
Fourth Amendment to Agreement

This Fourth Amendment to Agreement (“Fourth Amendme nt”) is entered into this 8th day of January, 2025 by and between the City of Eastval e, a California general law city (“City”), and Geocon West, Inc., a California corporation (“Contractor”), as follows:

RECITALS
A. City and Contractor entered in an agreement for geotechnical services on or about May 11, 2023 (“Agreement”).

B. The Agreement authorized Contractor to provide p eer review and grading recommendation services for an amount not to exceed $4,725.

C. A First Amendment to the Agreement was approved by the City Council on June 28, 2023 to expand the Scope of Work to include peer review, soil testing, preparation of a geotechnical report, construction recommendations, and grading inspections, and increase the compensation not to exceed amount by $28,300.

D. A Second Amendment to the Agreement was approved by the City Council on September 13, 2023 to perform more soils testing determined t o be needed by the civil engineer of record, and increase the compensation not to exceed amount to pay for the testing by $12,300.

E. A Third Amendment to the Agreement was approved by the City Council on November 13, 2023 to perform the Preliminary Environmental S ite Assessment at Eastvale Civic Center, and increase the compensation not to exceed amount to pay for the testing by $24,500.

F. The purpose of this Fourth Amendment is to furt her expand the Scope of Work to perform a supplemental geotechnical investigation for the p roposed police station at the Eastvale Civic Center, and increase the compensation not to exceed amount to pay for the testing by $10,540.

OPERATIVE PROVISIONS

NOW, THEREFORE, in consideration of the promises made and recited herein, the parties do hereby enter into this Fourth Amendment which modifies and amends the Agreement as follows:

1. AMENDMENTS.
a. Exhibit A (Scope of Services) is amended to include Scope F attached to this Fourth Amendment as Exhibit A.
b. Section 4(a) is amended to increase the lump sum compensation amount to not to exceed eighty thousand three hundred sixty five dollars ($80,365.00). 187

4855-0611-4804 v1 -2-
c. Exhibit B (Compensation) is amended in its entirety to read as follows:
“Compensation shall be paid in lump sums after the relevant portion of the Services has been rendered and accepted by the City in accordance with the following:

Scope A - $2,225
Scope B, Alternate 1 - $2,500
Scope B, Alternate 2 - $22,300
Scope C - $930 per inspection, not to exceed $6,000
Scope D - $12,300
Scope E – ESA Phase I - $4,500
Scope E – ESA Phase II - $20,000
Scope F - $10,540”

2. GENERAL PROVISIONS.
a. Remainder Unchanged . Except as specifically modified and amended in t his Fourth Amendment, the Agreement remains in full force and effect and binding upon the parties. b. Integration . This Fourth Amendment constitutes the entire und erstanding and agreement of the parties and supersedes all negotia tions or previous agreements between the parties with respect to all or any part of the transaction discussed in this Fourth Amendment. c. Effective Date . This Fourth Amendment shall not become effective until the date it has been formally approved and executed by the a ppropriate authorities of the City and Consultant.
d. Applicable Law . The laws of the State of California shall govern the interpretation and enforcement of this Fourth Amendment.
e. References . All references to the Agreement include all their respective terms and provisions. All defined terms utilized in this Fou rth Amendment have the same meaning as provided in the Agreement, unless expressly stated to the contrary in this Fourth Amendment.

IN WITNESS WHEREOF , the parties hereto have executed this Fourth Amendment to the Agreement on the date and year first written above.

CITY OF EASTVALE:

____________________________
Mark Orme, City Manager

APPROVED AS TO FORM:

188

4855-0611-4804 v1 -3-
____________________________
Erica L. Vega, City Attorney

ATTEST:

____________________________
Marc Donohue, City Clerk
GEOCON WEST, INC.
___________________________
Joseph J. Vettel, CEO
189
Exhibit A
Scope F
190

AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.7
January 22, 2025
A Resolu-on of the City Council of the City of Eastvale Approving, Authorizing and Direc-ng the Execu-on of a Opera-ons
Agreement by and between the City of Eastvale and the Eastvale Public Financing Authority
Prepared By:

Amanda Wells, Finance Director/City Treasurer
Recommended Action(s)
Staff recommends that the City Council:
1 .

Approve and adopt a Resolu!on authorizing and direc!ng the execu!on of an opera!ons agreement by and between the City of Eastvale and the Eastvale Public Financing Authority; and
2 .

Approve and adopt an agreement to provide staffing and administra!ve services to the Eastvale Public Financing Authority (the “EPFA”) in the form a0ached hereto as A0achment 2 (the “Operations Agreement”).

Summary
The City intends to issue bonds in 2025 to finance certain costs of constructing a new City Hall, Police Station, Library, and additional parks and open spaces (collectively, the “Project”).

A8er consulta!on with Stradling Yocca Carlson & Rauth LLP, the City’s bond counsel (“Stradling”), and Urban Futures, Inc., the City’s municipal advisor (“Urban Futures”), staff believes that bonds issued through a joint exercise of powers authority are likely to provide the City with the lowest costs of borrowing.
12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
191
Background
The City intends to issue bonds (the “Proposed Bonds”) in 2025 to finance certain costs of construc!ng a new City Hall, Police Sta!on, Library, Fire Sta!on, and addi!onal parks and open spaces (collectively, the “Project”).

A8er consulta!on with Stradling Yocca Carlson & Rauth LLP, the City’s bond counsel, and Urban Futures, Inc., the City’s municipal advisor, staff believes that bonds issued through a joint exercise of powers authority are likely to provide the City with the lowest costs of borrowing.

Each joint exercise of powers authority must be comprised of two or more public agencies. On December 11, 2024, the City Council adopted a Resolu!on declaring a need for a parking authority to func!on in the City, therefor forming the Eastvale Parking Authority (the “Parking Authority”) under Streets & Highways Code Sec!on 32500 et seq. (the “Parking Law”). The Parking Authority has the power to serve as a partner agency with the City to form a new joint exercise of powers authority for the purpose of issuing the Proposed Bonds and, poten!ally facilitate the financing of other public capital improvements in the City from time to time.

The City and the Parking Authority entered into a Joint Exercise of Powers Agreement dated January 8, 2025, crea!ng the EPFA. The EPFA will ini!ally have no revenue or staff; however, the City and the EPFA may enter into an Opera!ons Agreement for the City to provide staffing and other administrative services for the EPFA.

A proposed form of Opera!ons Agreement is a0ached, which includes the following provisions, among others:

The City agrees to provide the EPFA with administra!ve services, including staffing, informa!on technology, record-keeping, and other similar services typically associated with public en!ty opera!ons. The City will also provide necessary materials, supplies, and workspace for these services.

The EPFA will compensate the City for these services based on administra!ve overhead rates, typically calculated using !me and materials, plus a percentage, as outlined in the budgets adopted by the City or the EPFA. (Note that the EPFA is currently not expected to have revenue or other sources of funding to pay this cost.

City employees providing services to the EPFA will remain employees of the City and will not be considered employees of the EPFA for any purpose. The City will be responsible for all employee compensation, benefits, and related obligations.

The agreement includes confiden!ality provisions to ensure that financial records protected by California law are secured from unauthorized disclosure.

Both the City and the EPFA are subject to the Public Records Act, and most documents related to the agreement must be disclosed upon request, except for certain protected financial records.

The term of the agreement is year-to-year, starting in 2025, with automatic renewals each July 1 unless terminated by either party.

The agreement requires both par!es to maintain insurance coverage for liability and property damage, with each party potentially using self-insurance to meet these requirements.

The agreement may be terminated at any !me, with the City compensated on a pro-rata basis for services rendered up to the date of termination.
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Environmental
The Opera!ons Agreement is not a “Project” under the California Environmental Quality Act (CEQA) as this action will not cause any significant impact on the environment.

Strategic Plan Action - Priority Level: 1
| Target #: E
| Goal #: A
Develop and Construct Civic Center
Conduct financial planning for newly proposed infrastructure

Disclosure training is directly related to the development of the city's Civic Center project, as the city intends to issue federally tax-exempt lease revenue bond financing to fund the project. Disclosure Training is mandated by the SEC.

Fiscal Impact
There is no significant impact to the City’s general fund associated with the proposed Opera!ons Agreement. Opera!ng expenses are an!cipated to be nominal and staffing for the EPFA would be provided from existing resources of City staff.

Prior City Council/Commission Action
City staff has been working diligently to prepare for the Civic Center project. Over 20 staff reports for City Council considera!on have been presented since the incep!on of the project, da!ng back to July 28, 2021 when the first contract was awarded to Griffin Structures for construc!on management services. Staff reports have included ac!on on awarding design and engineering services, financial services and legal agreements, and a myriad of updates on the projects including design and schedules. The Parking Authority was formed at the City Council mee!ng on December 11, 2024. The Eastvale Parking Authority was ac!vated and a Joint Exercise of Powers Agreement forming the EFPA was approved on January 8, 2025.

Attachment(s)
Attachment 1 - Resolution: Eastvale Public Financing Authority Operating Agreement

A0achment 2 - Opera!ons Agreement between the City of Eastvale and the Eastvale Public Financing Authority

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RESOLUTION NO. 25-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EASTVALE APPROVING,

AUTHORIZING AND DIRECTING THE EXECUTION OF AN OPERATIONS

AGREEMENT BY AND BETWEEN THE CITY OF EASTVALE AND THE EASTVALE

PUBLIC FINANCING AUTHORITY
WHEREAS, the City of Eastvale (the “City”) is a municipal corporation that is duly organized and existing under and pursuant to the general laws of the State of California; and WHEREAS, the Eastvale Public Financing Authority (the “EPFA”) is a joint exercise of powers authority that has been established pursuant to the Joint Exercise of Powers Act (Government Code Section 6500 et seq.) (the “Act”) and a Joint Exercise of Powers Agreement, dated January 8, 2025; and
WHEREAS, in accordance with Government Code §§ 54980(c) and 54981, the City and the EPFA may contract for the performance by the latter of municipal services or functions; and WHEREAS, the City and the EPFA desire to enter into an agreement for the City to provide administrative services to the EPFA (the “Operations Agreement”); and WHEREAS, there has been presented to this meeting a proposed form of Operations Agreement, by and between the City and the EPFA, which agreement allows for the City to provide staffing and various other operational and administrative functions for the EPFA.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA DOES HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1. The foregoing recitals are true and correct.

SECTION 2. The Operations Agreement is hereby approved in substantially the form submitted concurrently herewith. Any member of the City Council or the City Manager of the City (each, an “Authorized Officer”) are each hereby authorized and directed, for and on behalf of the City, to enter into an Operations Agreement with the EPFA, in substantially said form.

SECTION 3. The Authorized Officers, the Finance Director/City Treasurer, the City Clerk or any other proper officer of the City, acting singly, be and each of them hereby is authorized and directed to execute and deliver any and all documents and instruments and to do and cause to be done any and all acts and things necessary or proper for carrying out the transactions contemplated by the this resolution.

SECTION 4. This Resolution shall be effective upon its adoption.

PASSED, APPROVED, AND ADOPTED this 22nd day of January, 2025. 194
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Mike McMinn
Mayor
APPROVED AS TO FORM:

Erica Vega
City Attorney
ATTEST:

Marc A. Donohue, MMC
Government Services Director/City Clerk
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF EASTVALE )
I, Marc A. Donohue, MMC, Government Services Director/City Clerk of the City of Eastvale, do hereby certify that the foregoing City Council Resolution No. 25-__, was duly adopted by the City Council of the City of Eastvale, California, at a meeting held on the 22 nd day of January, 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

Marc A. Donohue, MMC
Government Services Director/City Clerk
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AGREEMENT
FOR ADMINISTRATIVE SERVICES

BETWEEN
THE CITY OF EASTV ALE AND
EASTV ALE PUBLIC FINANCING AUTHORITY
This AGREEMENT is entered into this 22nd day of January 2025, by and between the CITY OF EASTVALE, a municipal corporation and general law city (“CITY ) and the EASTVALE PUBLIC FINANCING AUTHORITY, a joint exercise of powers authority (“AUTHORITY”).

1. RECIT ALS. This Agreement is entered into with reference to the following facts and objectives:

A. AUTHORITY requested that CITY provide it with ongoing administrative services;
B. CITY believes that providing such services will assist AUTHORITY and is part of intergovernmental goodwill;
C. This Agreement is permissible in accordance with Government Code §§ 54980(c) and 54981; and
D. Both Parties believe it is in the public interest to enter into this Agreement to protect public health, safety, and welfare.

2. CITY’S RESPONSIBILITIES. CITY agrees to provide to AUTHORITY administrative services in the form of staf? ing, information technology, record-keeping and other, similar , services ordinarily associated with operations of a public entity . Without limitation, such services may include:

A. Providing AUTHORITY with all necessary regulations, policies, procedures, manuals, and other information, as well as incidental materials and supplies, work area, computer access, telephone, and other standard provisions as required to perform the administrative services desired by AUTHORITY. All such documents, notes, photographs, supplies, and reports will remain the property of AUTHORITY.

B. CITY is responsible for administering all employee bene? its and compensation.

3. AUTHORITY’S RESPONSIBILITIES. AUTHORITY will compensate CITY for providing administrative services based upon the administrative overhead rates utilized by CITY as part of its operating budget. Generally, this will be in the form of time and materials (utilizing an accepted formula such as fully allocated hourly rates for employees) plus the cost allocation plan percentage adopted during the annual budget process. Any such formula will be generally described in budgets adopted by AUTHORITY and/or CITY . 197
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4. EMPLOYMENT OF PERSONNEL. CITY employees are not employed by AUTHORITY for any purpose. CITY is solely responsible for all salary, bene? its, workers compensation, and insurance for CITY employees, and those employees are subject to CITY for all supervisory, disciplinary and other employment related purposes.

5. CONFIDENTIALITY. This Agreement anticipates that CITY may have access to ? inancial records that are protected from disclosure by various provisions of California law.

Accordingly, the Parties agree that they will use their best efforts to secure all such records and prevent their disclosure to the extent provided by applicable law.

6. PUBLIC RECORDS ACT. The Parties acknowledge that they are public entities subject to the Public Records Act (Government Code §§ 7920-7931) and that this Agreement, and documents ancillary to this Agreement, must generally be disclosed upon request.

However, the Parties agree that certain ? inancial records are speci? ically excluded from disclosure under the Government Code. Accordingly , the Parties agree that such records will not be released except as otherwise provided by law.

7. TERM. The initial term of this Agreement will be year to year starting January 22, 2025. Unless terminated earlier pursuant to Section 8 of this Agreement, the Agreement will renew each July 1st.

8. TERMINATION. Except as otherwise provided, the Parties may terminate this Agreement at any time with or without cause. CITY will be compensated on a pro rata basis for all services rendered and all necessarily incurred costs performed in good faith in accordance with the terms of this Agreement that were not previously reimbursed up to the date of termination. Termination will occur automatically should AUTHORITY fail to compensate CITY in accordance with this Agreement.

9. INSURANCE.

A. Each Party warrants to the other that it carries insurance covering itself with a reputable insurance company(ies) which insures the perils of bodily injury, personal injury, professional liability and property damage, and cover such liabilities as are imposed by law and assumed under written contract with others with limits of at least one million ($1,000,000) dollars each occurrence with three million ($3,000,000) dollars annual aggregate.

B. Each Party may utilize a program of self-insurance to meet the insurance requirements of this section.

10. ASSIGNABILITY. AUTHORITY’s attempts to assign the bene? its or burdens of this Agreement without CITY’s written approval are prohibited and will be null and void.

11. INTERPRET ATION. This Agreement was drafted in, and will be construed in accordance with the laws of the State of California, and exclusive venue for any action involving this agreement will be in Riverside County.
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12. ENTIRE AGREEMENT. This Agreement sets forth the entire understanding of the parties. There are no other understandings, terms or other agreements expressed or implied, oral or written. This Agreement will bind and inure to the bene? it of the parties to this Agreement and any subsequent successors and assigns.

13. RULES OF CONSTRUCTION. Each Party had the opportunity to independently review this Agreement with legal counsel. Accordingly, this Agreement will be construed simply, as a whole, and in accordance with its fair meaning; it will not be interpreted strictly for or against either Party.

14. SEVERABILITY. If any portion of this Agreement is declared by a court of competent jurisdiction to be invalid or unenforceable, then such portion will be deemed modi? ied to the extent necessary in the opinion of the court to render such portion enforceable and, as so modi? ied, such portion and the balance of this Agreement will continue in full force and effect.

15. AUTHORITY/MODIFICATION. The Parties represent and warrant that all necessary action has been taken by the Parties to authorize the undersigned to execute this Agreement and to engage in the actions described herein. This Agreement may be modi? ied by written amendment. CITY’s city manager, or designee, may execute any such amendment on behalf of CITY .

16. ACCEPT ANCE OF ELECTRONIC SIGNATURES. This Agreement may be executed with digital signatures in accordance with Government Code §16.5 or electronic signatures in accordance with the California Uniform Electronic Transactions Act (Civil Code § 1633.1 et seq.). Such digital and electronic signatures will be treated in all respects as having the same effect as an original signature.

17. COUNTERP ARTS. This Agreement may be executed in counterparts, each of which so executed will irrespective of the date of its execution of delivery be deemed an original, and all such counterparts together constitute one and the same instrument.

18. BOARD OF DIRECTOR APPROV AL. This Agreement is subject to and conditioned upon approval and rati? ication by AUTHORITY’s Board of Directors. This Agreement is not binding upon CITY until executed by the appropriate CITY of? icial(s) acting in their authorized capacity.

19. TIME IS OF ESSENCE. Time is of the essence for each and every provision of this Agreement.

IN WITNESS WHEREOF the parties hereto have executed this contract the day and year ? irst hereinabove written.

CITY OF EASTVALE EASTVALE PUBLIC FINANCING AUTHORITY
_________________________________ ____________________________ Mark Orme, Mike McMinn,
City Manager Chair
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ATTEST:
_____________________________
Marc A. Donohue,
City Clerk/Secretary
APPROVED AS TO FORM:
_____________________________
Erica L. Vega,
City Attorney/General Counsel
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AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.8
January 22, 2025
Ac-ons rela-ng to the organiza-on of the Eastvale Public Financing Authority
Prepared By:

Amanda Wells, Finance Director/City Treasurer
Recommended Action(s)
Staff recommends that the Board of Directors of the Eastvale Public Financing Authority (the “EPFA”) approve the attached Resolution approving, authorizing and directing the following actions:
1 .

Approve Bylaws of the EPFA; and
2 .

Authorize the Execu0ve Director to execute an Opera0ons Agreement, substan0ally in the form submitted herewith, by and between the City of Eastvale and the EPFA; and 3 .

Confirm the City Council as the EPFA governing board and the City execu0ve staff members to serve as execu0ve staff of the EPFA and other ma4ers as provided in the Bylaws of the EPFA submitted herewith; and
4 .

Adopt the City’s current Personnel Rules and Regula0ons and Conflicts of Interest Code as the EPFA’s Personnel Rules and Regulations and Conflicts of Interest Code.

Addi0onally, it is recommended that the Board of Directors direct the City Clerk of the City of Eastvale, serving as the EPFA Secretary, to file a no0ce of the Joint Exercise of Powers Agreement with the California Secretary of State pursuant to and in the form required by Government Code § 6503.5 and file a copy of the Joint Exercise of Powers Agreement with the Riverside County Local Agency Formation Commission pursuant to Government Code § 6503.8.

Summary
The City intends to issue bonds in 2025 to finance certain costs of constructing a new City Hall, Police 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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Station, Library; and additional parks and open spaces (collectively, the “Project”).

AHer consulta0on with Stradling Yocca Carlson & Rauth LLP, the City’s bond counsel (“Stradling”), and Urban Futures, Inc., the City’s municipal advisor (“Urban Futures”), staff believes that bonds issued through a joint exercise of powers authority are likely to provide the City with the lowest costs of borrowing.

Background
Each joint exercise of powers authority must be comprised of two or more public agencies. On December 11, 2024, the City Council adopted a Resolu0on declaring a need for a Parking Authority to func0on in the City, therefor forming the Eastvale Parking Authority (the “Parking Authority”) under Streets & Highways Code Sec0on 32500 et seq. (the “Parking Law”). The Parking Authority has the power to serve as a partner agency with the City to form a new joint exercise of powers authority for the purpose of issuing the Proposed Bonds and, poten0ally facilitate the financing of other public capital improvements in the City from time to time.

The City and the Parking Authority entered into a Joint Exercise of Powers Agreement (the “JPA Agreement”) dated January 8, 2025, creating the EPFA.

Now that the EPFA has been established, staff recommends that the City Council take the following ac0ons to provide for the opera0on and administra0on of the EPFA as a separate legal en0ty from the City:

1 .

Adopt a Resolution doing the following:
a
.

Designating Officers;
b
.

Adopting Personnel Rules and Regulations;
c
.

Adopting Conflict of Interest Code;
d
.

Providing For Regular Meetings; and
e
.

Adopting Bylaws
f
.

Approving an Operations Agreement with the City
2 .

Direct staff to file the JPA Agreement with the following agencies:
a
.

Secretary of State; and
b
.

Local Agency Formation Commission.

Environmental
The forma0on of the Eastvale Public Financing Authority is not a “Project” under the California Environmental Quality Act (CEQA) as this ac0on will not cause any significant impact on the environment.

Strategic Plan Action - Priority Level: 1
| Target #: E
| Goal #: A
Develop and Construct Civic Center
Conduct financial planning for newly proposed infrastructure

Forming the EFPA is directly related to the development of the city's Civic Center project, as the project will require lease-revenue bond financing. This type of financing can only be acquired through a Joint Powers Authority. 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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Fiscal Impact
There is no significant impact to the City’s general fund associated with the proposed forma0on of the EPFA. Opera0ng expenses are an0cipated to be nominal and staffing for the EPFA would be provided from existing resources of City staff.

Prior City Council/Commission Action
City staff has been working diligently to prepare for the Civic Center project. Over 20 staff reports for City Council considera0on have been presented since the incep0on of the project, da0ng back to July 28, 2021 when the first contract was awarded to Griffin Structures for construc0on management services. Staff reports have included ac0on on awarding design and engineering services, financial services and legal agreements, and a myriad of updates on the projects including design and schedules. The Parking Authority was formed at the previous City Council mee0ng on December 11, 2024. The Eastvale Parking Authority was ac0vated and a Joint Exercise of Powers Agreement forming the EFPA was approved on January 8, 2025.

Attachment(s)
A4achment 1 - Resolu0on: Eastvale Public Financing Authority designa0ng Officers, adop0ng Personnel Rules and Conflict of Interest Code, providing for Annual meeting, and adopting Bylaws

Attachment 2 - Eastvale Public Financing Authority Bylaws

A4achment 3 - Opera0ons Agreement between City of Eastvale and Eastvale Public Financing Authority

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A-1
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EASTVALE PUBLIC FINANCING AUTHORITY
RESOLUTION NO. 25-XX

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE EASTVALE PUBLIC

FINANCING AUTHORITY DESIGNATING OFFICERS, ADOPTING PERSONNEL

RULES AND REGULATIONS AND A CONFLICT OF INTEREST CODE, PROVIDING

FOR AN ANNUAL MEETING AND ADOPTING BYLAWS
WHEREAS, the Eastvale Public Financing Authority (the “EPFA”) is a joint exercise of powers authority that has been established pursuant to the Joint Exercise of Powers Act (Government Code Section 6500 et seq.) (the “Act”) and a Joint Exercise of Powers Agreement, dated January 8, 2025 (the “JPA Agreement”); and
WHEREAS, the legal name of the EFPA shall be the “Eastvale Public Financing Authority, a joint exercise of powers authority”; and
WHEREAS, Section 6508 of the Act provides that the EPFA may select and appoint such officers, agents, counsel, and employees as the EPFA requires; and WHEREAS, Section 6588 of the Act further provides that the EPFA may make bylaws and regulations applicable to the EPFA to carry into effect the Act; and WHEREAS, Section 6509 of the Act and the JPA Agreement provide that the powers of the EPFA shall be subject to the restrictions upon the manner of exercising the power of the City of Eastvale; and
WHEREAS, The EPFA has caused to be prepared bylaws that are to be the rules and regulations establishing a framework for its operation, administration, meetings and management; and
WHEREAS, the EPFA desires to approve its bylaws; and
WHEREAS, the EPFA has considered such bylaws at an open public meeting and provided the public an opportunity to comment on such agenda item and now desires to approve the bylaws in order to carry out the orderly conduct of business of the EPFA;

NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE EASTVALE PUBLIC FINANCING AUTHORITY DOES RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:

SECTION 1. The foregoing recitals are true and correct.

SECTION 2. In accordance with the bylaws of the EPFA, and pursuant to Section 6508, the EPFA, subject to the concurrence of the City Council, designates the following City officials to serve as EPFA officers on an ex officio basis:
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City Position EPFA Position
Mayor Chair
Mayor Pro-Tem Vice Chair
City Manager Executive Director
Finance Director/City Treasurer Treasurer
City Attorney General Counsel
City Clerk Secretary
SECTION 3. Pursuant to the Act and the JPA Agreement, the Board of Directors of the EPFA hereby adopts by reference the personnel system of the City, as it exists as of the date of this Resolution and as it may be amended from time to time, as the personnel rules and regulations applying to all employees of the EPFA.

SECTION 4. Pursuant to the Act, the JPA Agreement, and Section 87300 of the Government Code, the members of the EPFA hereby adopt by reference the Conflict of Interest Code of the City, as such code exists as of the date hereof and as it may be amended from time to time, as the procedures affecting conflicts of interest involving the EPFA.

SECTION 5. The “Bylaws of the Eastvale Public Financing Authority” submitted concurrently herewith are hereby adopted and approved as the official bylaws of the EPFA.

SECTION 6. The regular meetings of the EPFA shall be set for the same dates, times, and locations as regular meetings of the City Council of the City, or at such other date, time, or place as may be designated by the Board of Directors of the EPFA by resolution.

SECTION 7. The Chair and Executive Director of the EPFA are hereby authorized and directed to enter into an agreement with the City for the operation of the EPFA by the City, through its staff, and providing for the City to provide various other operational and administrative functions for the EPFA, in substantially the form submitted concurrently herewith.

SECTION 8. This Resolution shall be effective upon its adoption.

PASSED, APPROVED, AND ADOPTED this 22nd day of January, 2025.

APPROVED AS TO FORM:

Erica Vega
General Counsel
Mike McMinn
Chair
ATTEST:

Marc A. Donohue, MMC
Secretary
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF EASTVALE )
I, Marc A. Donohue, Secretary of the Eastvale Public Financing Authority, do hereby certify that the foregoing Resolution No. 25-XX, was duly adopted by the Board of Directors of the Eastvale Public Financing Authority, California, at a meeting held on the 22 nd day of January, 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

Marc A. Donohue, MMC
Secretary
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BYLAWS
OF THE

EASTVALE PUBLIC FINANCING AUTHORITY
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Section 1. Name. The Eastvale Public Financing Authority has been formed pursuant to the Joint Exercise of Powers Agreement (Eastvale Public Financing Authority), dated and effective January 8, 2024 (the “Agreement”), by and between the City of Eastvale, a municipal corporation and general law city duly organized and existing under and by virtue of the Constitution and laws of the State of California (the “City”), and the Eastvale Parking Authority, a public body corporate and politic (the “Parking Authority”), a parking authority that is duly organized and existing under Streets & Highway Code Section 32500 et seq. (the “Parking Law”). The Public Financing Authority’s official name shall be the “Eastvale Public Financing Authority, a joint exercise of powers authority” (herein referred to as the “Public Financing Authority”). The Public Financing Authority was formed by City Council Resolution No. 25-02 adopted on January 8, 2024 pursuant to the Law, and on January 22, 2024 by Resolution No. 25-___, the Public Financing Authority approved certain initial administrative matters, including the adoption of these bylaws.

Section 2. Board Members. The Public Financing Authority shall be administered by a governing board whose members shall be the members of the City Council of the City of Eastvale (the “City Council”), which governing board shall be referred to as the “Board of Directors of the Eastvale Public Financing Authority” or the “Public Financing Authority Board.” The term of office as a member of the Public Financing Authority Board shall terminate when such member of the Public Financing Authority Board shall cease to be a member of the City Council; and the appointed or elected successor, as applicable thereto, to such member of the City Council shall become a member of the Public Financing Authority Board. The Public Financing Authority Board shall be chaired by a “Chair.” The Chair shall be the Mayor of the City of Eastvale. The Chair shall preside at all meetings of the Public Financing Authority.

Section 3. Office. The business office of the Public Financing Authority shall be at the administrative offices of the City of Eastvale (the “City”), currently Eastvale City Hall, 12363 Limonite Ave., Suite 910, Eastvale, California 91752, or at such other place as may be designated by the Public Financing Authority Board.

Section 4. Compensation. Members may receive their actual and necessary expenses, including traveling expenses incurred in the discharge of their duties, but only when authorized by the Public Financing Authority Board and if there are unencumbered funds available for such purpose in compliance with and pursuant to applicable laws and regulations. 208
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Section 5. Officers. The Officers of the Public Financing Authority shall be the Chair, Vice Chair, Executive Director, Treasurer and Secretary. The City Attorney of the City shall be the Public Financing Authority’s General Counsel unless otherwise provided by the Public Financing Authority Board.

Section 6. Executive Director . The Executive Director of the Public Financing Authority shall be the City Manager of the City or such other person as may be appointed by the Public Financing Authority Board. The term of office shall be from the date of his or her appointment through the date that such person no longer serves as City Manager of the City or has his or her appointment rescinded by the Public Financing Authority Board. The Executive Director shall submit such information and recommendations to the Public Financing Authority Board as he or she may consider proper concerning the business, policies and affairs of the Public Financing Authority. The Executive Director also serves as the chief executive officer of the Public Financing Authority and shall be responsible for execution and supervision of the affairs of the Public Financing Authority. Except as otherwise authorized by resolution of the Public Financing Authority Board, the Executive Director or the Executive Director’s designee shall sign all contracts, deeds and other instruments executed by the Public Financing Authority.

Section 7. Secretary. The Secretary shall be the City Clerk of the City or such other person as may be appointed by the Public Financing Authority Board. The Secretary shall keep the records of the Public Financing Authority, shall act as Secretary at the meetings of the Public Financing Authority and record all votes, and shall keep a record of the proceedings of the Public Financing Authority in a journal of proceedings to be kept for such purpose, and shall perform all duties incident to the office. Any Assistant City Clerk of the City shall be an Assistant Secretary of the Public Financing Authority.

Section 8. General Counsel . The Public Financing Authority’s General Counsel shall be appointed by the Public Financing Authority Board and shall serve at the pleasure of the Public Financing Authority. The initial General Counsel is the City Attorney of the City. The General Counsel shall be responsible for the preparation of all proposed resolutions, laws, rules, contracts, bonds and other legal papers for the Public Financing Authority. The General Counsel shall give advice or opinions in writing to the Chair, Executive Director or other Public Financing Authority officers when and if requested to do so. The General Counsel, as directed by the Public Financing Authority, shall attend to all lawsuits or other matters to which the Public Financing Authority is a party or in which the Public Financing Authority may be legally 209
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interested and do such other things pertaining to the General Counsel’s office as the Public Financing Authority may request; provided however, where the City Attorney is not currently serving in the capacity of General Counsel, the Public Financing Authority may also direct the City Attorney to attend to all lawsuits or other matters to which the Public Financing Authority is a party or in which the Public Financing Authority may be legally interested, as elected by the Public Financing Authority.

Section 9. Treasurer. The Treasurer of the Public Financing Authority shall be the Finance Director/City Treasurer or such other person as may be appointed by the Public Financing Authority Board. The Treasurer shall have the care and custody of all funds of the Public Financing Authority and shall be authorized to cause the deposit of such funds in the name of the Public Financing Authority in such bank, banks, or other financial institutions, including without limitation the State of California Treasurer, Local Agency Investment Fund, as the Public Financing Authority may select and pursuant to an investment policy considered and approved by the Public Financing Authority. The Treasurer shall keep regular books of account showing receipts and expenditures and shall render to the Public Financing Authority at each regular meeting, or more often when requested, an account of transactions and the financial conditions of the Public Financing Authority.

Section 10. Appointment of Officers . The initial appointment of officers occurred pursuant to Public Financing Authority Resolution No. 25-__ on January 22, 2024 and the new appointment or reappointment of officers shall be the first order of business at the first meeting of the Public Financing Authority, regular or special, held in each calendar year.

Section 11. Authority to Bind Public Financing Authority; City Council Policies Apply to Public Financing Authority . No member, officer, agent or employee of the Public Financing Authority, without prior specific or general authority by a vote of the Public Financing Authority Board, shall have any power or authority to bind the Public Financing Authority by any contract, to pledge its credit, or to render it liable for any purpose in any amount; provided however, that the Public Financing Authority may authorize the Executive Director to enter into a contract or contracts as authorized in and consistent with the City’s policies, which shall Council policies shall be deemed to apply to the Public Financing Authority under these bylaws (the “Council Policies”).
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Section 12. Appointment of Employees and Agents . The Public Financing Authority may from time to time request from the City the services of such personnel, counsel or agents, permanent or temporary, as may be necessary to carry out the business and affairs of the Public Financing Authority. The Public Financing Authority Board may in addition employ temporary professional and technical personnel on such terms and at such rates of compensation as the Public Financing Authority may determine, subject to all applicable laws, and provided that adequate sources of funds are identified for the payment of such temporary professional and technical services and subject to the applicable Council Policies.

Section 13. Regular Meetings . Regular meetings shall be held in the Council Chambers at City Hall or at such other place as the Chair may designate, on dates and at a time as fixed by Resolution of the Public Financing Authority, which as of the date hereof are generally concurrent with meetings of the City Council; provided that any such regular meeting may be suspended or cancelled if there is no business to attend to. If at any time any regular meeting falls on a legal holiday, such regular meeting shall be held on the next business day at the same time unless otherwise scheduled by the Public Financing Authority and consistent with meeting dates of the City Council. Pursuant to and in compliance with the Ralph M. Brown Act, Government Code Section 54950, et seq. (the “Brown Act”), at least 72 hours before a regular meeting, an agenda containing a brief general description of each item of business to be transacted or discussed shall be posted at a location freely accessible to members of the public; further, such agenda shall specify the time and location of the regular meeting. No action shall be taken on any item not appearing on the posted agenda except as permitted by the Brown Act or other applicable laws and regulations.

Section 14. Special Meetings . Subject to and pursuant to the provisions of the Brown Act, a special meeting may be called at any time by the Chair or upon the request of two of the members of the Public Financing Authority Board by delivering written notice to each member of the Public Financing Authority Board and to each person or entity that is entitled by law to receive such notices. Notices to the Public Financing Authority Board shall be sufficient if delivered to the Secretary. Notices to other persons or entities that are entitled by law to receive notices must be delivered personally or by mail and must be received at least 24 hours before the time of such special meeting as specified in the notice. The call and notice shall specify the time and place of the special meeting and the business to be transacted and shall be posted at least 24 hours prior to the special meeting in a location that is freely accessible to 211
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members of the public. No other business shall be considered at such meetings by the Public Financing Authority Board. Such written notice may be dispensed with as to any member who at or prior to the time the meeting convenes files with the Secretary a written waiver of notice.

Such waiver may be given electronically. Such written notice may also be dispensed with as to any member who is actually present at the time it convenes.

Section 15. Closed Sessions. Nothing contained in these bylaws shall be construed to prevent the Public Financing Authority Board from holding closed sessions during a regular or special meeting concerning any matter permitted by law to be considered in a closed session subject to and pursuant to the provisions of the Brown Act.

Section 16. Public Hearings . All public hearings held by the Public Financing Authority Board shall be held during regular or special meetings of the Public Financing Authority Board.

Section 17. Adjourning Meetings and Continuing Public Hearings to Other Times or Places. The Public Financing Authority Board may adjourn any meeting to a time and place specified in the order of adjournment. Less than a quorum may so adjourn from time to time. If all members are absent from any regular meeting or adjourned regular meeting, the Secretary may declare the meeting adjourned to a stated time and place and shall cause a written notice of the adjournment to be given in the same manner as provided for special meetings unless such notice is waived as provided for special meetings. A copy of the order or notice of adjournment shall be conspicuously posted on or near the door of the place where the meeting was held within 24 hours after the time of the adjournment. When a regular or adjourned regular meeting is adjourned as provided in this section, the resulting adjourned regular meeting is a regular meeting for all purposes. When an order of adjournment of any meeting fails to state the hour at which the adjourned meeting is to be held, it shall be held at the hour specified for regular meetings.

Any public hearing being held, or any hearing noticed or ordered to be held at any meeting may by order or notice of continuance be continued or recontinued to any subsequent meeting in the same manner and to the same extent set forth herein for the adjournment of the meetings; provided, that if the hearing is continued to a time less than 24 hours after the time specified in the order or notice of hearing a copy of the order or notice of continuance shall be posted immediately following the meeting at which the order or declaration of continuance was 212
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adopted or made.

Section 18. Meetings to be Open and Public . All meetings of Public Financing Authority members to take action or to deliberate concerning Public Financing Authority business and its conduct shall be open and public and are subject to and shall be held in compliance with the Brown Act. All persons shall be permitted to attend any such meetings except as otherwise provided as permitted by law, these bylaws, and Council Policies.

Section 19. Quorum. A majority of the members of the Public Financing Authority Board shall constitute a quorum for the purpose of conducting its business and exercising its powers and for all other official purposes, except that less than a quorum may adjourn from time to time until a quorum is obtained.

Section 20. Order of Business . At the regular meeting of the Public Financing Authority, the general order of business shall be consistent with the Council Policies and may be conducted concurrently with the business of the City. As of the date hereof the order is a follows:

1. Call To Order

2. Roll Call

3. Closed Session Public Comment

4. Closed Session Item(S)

5. Invocation

6. Pledge of Allegiance

7. Additions/Revisions

8. Presentations/Announcements

9. Agency Partner Updates

10. Public Comments

11. Consent Calendar

12. Public Hearings

13. City Council Business
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14. City Manager/City Staff Report

15. City Council Communications/Committee Reports

16. Adjournment

17. Affidavit of Posting
Section 21. Parliamentary Procedure . The rules of parliamentary procedure set forth in Robert’s Rules of Order shall govern all meetings of the Public Financing Authority, except as otherwise herein provided or as otherwise provided in the Council Policies.

Section 22. Amendments to Bylaws. These bylaws may be amended by the Public Financing Authority Board at any regular or special meeting by majority vote, provided that the proposed amendment to any particular section is included in the notice of such meeting. 214
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AGREEMENT
FOR ADMINISTRATIVE SERVICES

BETWEEN
THE CITY OF EASTV ALE AND
EASTV ALE PUBLIC FINANCING AUTHORITY
This AGREEMENT is entered into this 22nd day of January 2025, by and between the CITY OF EASTVALE, a municipal corporation and general law city (“CITY ) and the EASTVALE PUBLIC FINANCING AUTHORITY, a joint exercise of powers authority (“AUTHORITY”).

1. RECIT ALS. This Agreement is entered into with reference to the following facts and objectives:

A. AUTHORITY requested that CITY provide it with ongoing administrative services;
B. CITY believes that providing such services will assist AUTHORITY and is part of intergovernmental goodwill;
C. This Agreement is permissible in accordance with Government Code §§ 54980(c) and 54981; and
D. Both Parties believe it is in the public interest to enter into this Agreement to protect public health, safety, and welfare.

2. CITY’S RESPONSIBILITIES. CITY agrees to provide to AUTHORITY administrative services in the form of staf? ing, information technology, record-keeping and other, similar , services ordinarily associated with operations of a public entity . Without limitation, such services may include:

A. Providing AUTHORITY with all necessary regulations, policies, procedures, manuals, and other information, as well as incidental materials and supplies, work area, computer access, telephone, and other standard provisions as required to perform the administrative services desired by AUTHORITY. All such documents, notes, photographs, supplies, and reports will remain the property of AUTHORITY.

B. CITY is responsible for administering all employee bene? its and compensation.

3. AUTHORITY’S RESPONSIBILITIES. AUTHORITY will compensate CITY for providing administrative services based upon the administrative overhead rates utilized by CITY as part of its operating budget. Generally, this will be in the form of time and materials (utilizing an accepted formula such as fully allocated hourly rates for employees) plus the cost allocation plan percentage adopted during the annual budget process. Any such formula will be generally described in budgets adopted by AUTHORITY and/or CITY . 215
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4. EMPLOYMENT OF PERSONNEL. CITY employees are not employed by AUTHORITY for any purpose. CITY is solely responsible for all salary, bene? its, workers compensation, and insurance for CITY employees, and those employees are subject to CITY for all supervisory, disciplinary and other employment related purposes.

5. CONFIDENTIALITY. This Agreement anticipates that CITY may have access to ? inancial records that are protected from disclosure by various provisions of California law.

Accordingly, the Parties agree that they will use their best efforts to secure all such records and prevent their disclosure to the extent provided by applicable law.

6. PUBLIC RECORDS ACT. The Parties acknowledge that they are public entities subject to the Public Records Act (Government Code §§ 7920-7931) and that this Agreement, and documents ancillary to this Agreement, must generally be disclosed upon request.

However, the Parties agree that certain ? inancial records are speci? ically excluded from disclosure under the Government Code. Accordingly , the Parties agree that such records will not be released except as otherwise provided by law.

7. TERM. The initial term of this Agreement will be year to year starting January 22, 2025. Unless terminated earlier pursuant to Section 8 of this Agreement, the Agreement will renew each July 1st.

8. TERMINATION. Except as otherwise provided, the Parties may terminate this Agreement at any time with or without cause. CITY will be compensated on a pro rata basis for all services rendered and all necessarily incurred costs performed in good faith in accordance with the terms of this Agreement that were not previously reimbursed up to the date of termination. Termination will occur automatically should AUTHORITY fail to compensate CITY in accordance with this Agreement.

9. INSURANCE.

A. Each Party warrants to the other that it carries insurance covering itself with a reputable insurance company(ies) which insures the perils of bodily injury, personal injury, professional liability and property damage, and cover such liabilities as are imposed by law and assumed under written contract with others with limits of at least one million ($1,000,000) dollars each occurrence with three million ($3,000,000) dollars annual aggregate.

B. Each Party may utilize a program of self-insurance to meet the insurance requirements of this section.

10. ASSIGNABILITY. AUTHORITY’s attempts to assign the bene? its or burdens of this Agreement without CITY’s written approval are prohibited and will be null and void.

11. INTERPRET ATION. This Agreement was drafted in, and will be construed in accordance with the laws of the State of California, and exclusive venue for any action involving this agreement will be in Riverside County.
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12. ENTIRE AGREEMENT. This Agreement sets forth the entire understanding of the parties. There are no other understandings, terms or other agreements expressed or implied, oral or written. This Agreement will bind and inure to the bene? it of the parties to this Agreement and any subsequent successors and assigns.

13. RULES OF CONSTRUCTION. Each Party had the opportunity to independently review this Agreement with legal counsel. Accordingly, this Agreement will be construed simply, as a whole, and in accordance with its fair meaning; it will not be interpreted strictly for or against either Party.

14. SEVERABILITY. If any portion of this Agreement is declared by a court of competent jurisdiction to be invalid or unenforceable, then such portion will be deemed modi? ied to the extent necessary in the opinion of the court to render such portion enforceable and, as so modi? ied, such portion and the balance of this Agreement will continue in full force and effect.

15. AUTHORITY/MODIFICATION. The Parties represent and warrant that all necessary action has been taken by the Parties to authorize the undersigned to execute this Agreement and to engage in the actions described herein. This Agreement may be modi? ied by written amendment. CITY’s city manager, or designee, may execute any such amendment on behalf of CITY .

16. ACCEPT ANCE OF ELECTRONIC SIGNATURES. This Agreement may be executed with digital signatures in accordance with Government Code §16.5 or electronic signatures in accordance with the California Uniform Electronic Transactions Act (Civil Code § 1633.1 et seq.). Such digital and electronic signatures will be treated in all respects as having the same effect as an original signature.

17. COUNTERP ARTS. This Agreement may be executed in counterparts, each of which so executed will irrespective of the date of its execution of delivery be deemed an original, and all such counterparts together constitute one and the same instrument.

18. BOARD OF DIRECTOR APPROV AL. This Agreement is subject to and conditioned upon approval and rati? ication by AUTHORITY’s Board of Directors. This Agreement is not binding upon CITY until executed by the appropriate CITY of? icial(s) acting in their authorized capacity.

19. TIME IS OF ESSENCE. Time is of the essence for each and every provision of this Agreement.

IN WITNESS WHEREOF the parties hereto have executed this contract the day and year ? irst hereinabove written.

CITY OF EASTVALE EASTVALE PUBLIC FINANCING AUTHORITY
_________________________________ ____________________________ Mark Orme, Mike McMinn,
City Manager Chair
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ATTEST:
_____________________________
Marc A. Donohue,
City Clerk/Secretary
APPROVED AS TO FORM:
_____________________________
Erica L. Vega,
City Attorney/General Counsel
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AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.9
January 22, 2025
Resolu-on of the Board of Directors of the Eastvale Public Financing Authority Providing for the Issuance of Federally Tax- Exempt Lease Revenue Bonds to Finance the City of Eastvale Civic Center Project and Approving Certain Acts in Connec-on
Therewith
Prepared By:

Amanda Wells, Finance Director/City Treasurer
Recommended Action(s)
Staff recommends that the Board of Directors of the Eastvale Public Financing Authority (the “EPFA”) adopt and approve the a'ached Resolu)on providing for the issuance of Lease Revenue Bonds and reimbursement of certain city expenditures from tax-exempt bond proceeds.

Summary
The a'ached resolu)on for approval considera)on preserves the op)on for the Eastvale Public Financing Authority (the “Public Financing Authority”) to reimburse the City of Eastvale (the “City”) for funds expended for costs of the Project from the proceeds of tax-exempt bonds.

Background
The Public Financing Authority expects to issue its Lease Revenue Bonds (Civic Center Project) (the “Obliga)ons”) in 2025 to finance certain costs of construc)ng a new City Hall, Police Sta)on, Library; and addi)onal parks and open spaces (collec)vely, the “Project”). The City may elect to advance certain of its own funds toward the Project. The City will advance funds on the understanding that it can be reimbursed for amounts expended on the Project from the subsequent sale of the Obliga)ons. The Internal Revenue Code has certain requirements that need to be sa)sfied in order 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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for a public agency to reimburse itself for costs incurred for capital projects in advance of the sale of tax exempt Obliga)ons. In order to qualify the City for reimbursement of such costs from the proceeds of the execu)on and delivery of the Obliga)ons, the Public Financing Authority Board must adopt a resolu)on which sa)sfies all of the requirements of the Internal Revenue Code within 60 days of the date on which the expenditures have been made.

The Public Financing Authority’s bond counsel has prepared the a'ached resolu)on which complies with applicable requirements of the Internal Revenue Code and allows the Public Financing Authority to reimburse the City for any advanced Project costs from the proceeds of the sale of the Obliga)ons. The adop)on of this resolu)on does not obligate the Public Financing Authority or the City to ever advance funds toward the Project. The adop)on of this resolu)on preserves the op)on for the Board to decide at a subsequent date whether or not it would be in the best interests of the Public Financing Authority or the City to allocate a por)on of any proceeds of the sale of the Obligations towards the reimbursement of the monies the City might spend on the Project.

There is a reference in this resolu)on to $90,000,000 as the reasonably expected maximum principal amount of the Obliga)ons. The Internal Revenue Code obligates this resolu)on to include an es)mated size of the borrowing from which the reimbursement will occur. The Public Financing Authority is not required to maintain this $90,000,000 amount. It is included to sa)sfy a legal requirement and cons)tutes only a rough es)mate of the likely size of the Obliga)ons that the Public Financing Authority Board may consider. If the Board were to sell a smaller borrowing, such decision would not adversely affect its ability to use a por)on of the proceeds of the Obliga)ons to reimburse the City or the Parking Authority for these costs.

Environmental
The adop)on of the a'ached Resolu)on is not a “Project” under the California Environmental Act (CEQA) as this action will not cause any significant impact on the environment.

Strategic Plan Action - Priority Level: 1
| Target #: E
| Goal #: A
Develop and Construct Civic Center
Conduct financial planning for newly proposed infrastructure

Adop)on of this reimbursement resolu)on is directly related to the development of the city's Civic Center project, as the city an)cipates using federally tax-exempt lease-revenue bond financing for the project.

Fiscal Impact
The total fiscal impact for this item is zero. Adop)on of the a'ached Resolu)on does not commit the City or the Public Financing Authority to undertake any financing or project.

Prior City Council/Commission Action
City staff has been working diligently to prepare for the Civic Center project. Over 20 staff reports for City Council considera)on have been presented since the incep)on of the project, da)ng back to July 28, 2021 when the first contract was awarded to Griffin Structures for construc)on management services. Staff reports have included ac)on on awarding design and engineering services, financial services and legal agreements, and a myriad of updates on the projects including design and schedules. The Parking Authority was formed at the previous City Council mee)ng on 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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December 11, 2024. The Eastvale Parking Authority was ac)vated and a Joint Exercise of Powers Agreement forming the Eastvale Public Financing Authority was approved on January 8, 2025.

Attachment(s)
Attachment 1 - Resolution: Eastvale Public Financing Authority Construction Reimbursement

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EASTVALE PUBLIC FINANCING AUTHORITY
RESOLUTION NO. 25-XX

RESOLUTION OF THE BOARD OF DIRECTORS OF THE EASTVALE PUBLIC

FINANCING AUTHORITY PROVIDING FOR THE ISSUANCE OF FEDERALLY TAX-

EXEMPT LEASE REVENUE BONDS TO FINANCE THE CITY OF EASTVALE CIVIC

CENTER PROJECT AND APPROVING CERTAIN ACTS IN CONNECTION THEREWITH WHEREAS, the City of Eastvale (the “City”), a municipal corporation and general law city of the State of California, desires to finance certain costs of constructing a new City Hall, Police Station, Library; and additional parks and open spaces (collectively, the “Project”); and WHEREAS, the City has requested that the Eastvale Public Financing Authority (the “Authority”) assist in the financing of the Project by issuing lease revenue bonds or certificates of participation in the reasonably expected maximum principal amount of $90,000,000 (the “Bonds”); and
WHEREAS, the interest on the Bonds will be excluded from gross income for federal income tax purposes; and
WHEREAS, prior to the issuance of the Bonds the City and Authority desire to incur certain expenditures with respect to the Project from available monies of the City which expenditures are desired to be reimbursed by the Authority from a portion of the proceeds of the sale of the Bonds; and
WHEREAS, prior to and as a condition to issuance of the Bonds, the City Council of the City (the “City Council”) and the Board of Directors of the Authority (the “Board”) must authorize the issuance of the Bonds at a future public meeting.

NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE EASTVALE PUBLIC FINANCING AUTHORITY DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. Recitals. All the recitals in this Resolution are true and correct and this Board so finds, determines and represents.

SECTION 2. Reimbursement. The Authority hereby states its intention and reasonably expects to reimburse Project costs incurred prior to the issuance of the Bonds with proceeds of the Bonds. The Project is described in Exhibit A attached hereto. (a) The reasonably expected maximum principal amount of the Bonds is $90,000,000.
(b) This resolution is being adopted on or prior to the date (the “Expenditures Date or Dates”) that the Authority will expend monies for the portion of the Project costs to be reimbursed from proceeds of the Bonds. 222
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(c) Except as described below, the expected date of issue of the Bonds will be within 18 months of the later of the Expenditure Date or Dates and the date the Project is placed in service; provided, the reimbursement may not be made more than three years after the original expenditure is paid. For Bonds subject to the small issuer exception of Section 148(f)(4)(D) of the Internal Revenue Code, the “eighteen-month limit” of the previous sentence is changed to “three years” and the limitation of the previous sentence beginning with “; provided, . . . .” is not applicable.
(d) Proceeds of the Bonds to be used to reimburse for Project costs are not expected to be used, within one year of reimbursement, directly or indirectly to pay debt service with respect to any Bond (other than to pay current debt service coming due within the next succeeding one year period on any tax exempt Bond of the Authority (other than the Bonds)) or to be held as a reasonably required reserve or replacement fund with respect to an Bond of the Authority or any entity related in any manner to the Authority, or to reimburse any expenditure that was originally paid with the proceeds of any Bond, or to replace funds that are or will be used in such manner.
(e) This resolution is consistent with the budgetary and financial circumstances of the Authority, as of the date hereof. No monies from sources other than the Bond issue are, or are reasonably expected to be reserved, allocated on a long term basis, or otherwise set aside by the Authority (or any related party) pursuant to their budget or financial policies with respect to the Project costs. To the best of our knowledge, this Board is not aware of the previous adoption of official intents by the Authority that have been made as a matter of course for the purpose of reimbursing expenditures and for which tax exempt Bonds have not been issued.
(f) The limitations described in Section 2(c) and Section 2(d) do not apply to (a) costs of issuance of the Bonds, (b) an amount not in excess of the lesser of $100,000 or five percent (5%) of the proceeds of the Bonds, or (c) any preliminary expenditures, such as architectural, engineering, surveying, soil testing, and similar costs other than land acquisition, site preparation, and similar costs incident to commencement of construction, not in excess of twenty percent (20%) of the aggregate issue price of the Bonds that finances the Project for which the preliminary expenditures were incurred.
(g) This resolution is adopted as official action of the Authority in order to comply with Treasury Regulation § 1.150-2 and any other regulations of the Internal Revenue Service relating to the qualification for reimbursement of Authority expenditures incurred prior to the date of issue of the Bonds, is part of the Authority’s official proceedings, and will be available for inspection by the general public at the main administrative office of the Authority.

SECTION 3. Effectiveness. This resolution shall take effect immediately.

PASSED, APPROVED, AND ADOPTED this 22nd day of January, 2025. 223
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APPROVED AS TO FORM:

Erica Vega
General Counsel
Mike McMinn
Chair
ATTEST:

Marc A. Donohue, MMC
Secretary
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF EASTVALE )
I, Marc A. Donohue, Secretary of the Eastvale Public Financing Authority, do hereby certify that the foregoing Resolution No. 25-XX, was duly adopted by the Board of Directors of the Eastvale Public Financing Authority, California, at a meeting held on the 22 nd day of January, 2025, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAINED:

Marc A. Donohue, MMC
Secretary
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A-1
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EXHIBIT A

DESCRIPTION OF PROJECT
The City of Eastvale’s Civic Center Project consists of three buildings and open space. The buildings are City Hall, Library, and Police Station (with underground parking). The open space consists of a Civic Plaza, Park, Amphitheater, and temporary parking. The site is located at the northwest corner of Limonite Avenue and Hamner Avenue identified as Lot 65 and Lot “S” of Tract 38594 (APNs: 164-780-029 & 164-780-034). The project phases include design and engineering, environmental review, site preparation services, plan check and inspection services, materials testing, construction management, and construction. 226

AGENDA STAFF REPORT

City Council/Eastvale Public Financing Authority/Eastvale Parking Authority Meeting

CONSENT CALENDAR

Agenda Item No. 11.10
January 22, 2025
Debt Management and Disclosure Policy and Fund Balance Policy Update
Prepared By:

Amanda Wells, Finance Director/City Treasurer
Recommended Action(s)
Staff recommends the City Council approve and adopt the revised Debt Management and Disclosure Policy and revised Fund Balance Policy

Summary
The City's Debt Management and Disclosure Policy and Fund Balance Policy are administra#ve policies adopted by the City Council on June 28, 2017 and the la*er on June 12, 2013. The purpose of the policies is to provide guidelines for the issuance of debt and the target and minimum fund balance requirements in various city funds based upon State law and prudent money management specific to the City of Eastvale.

The Debt Management and Disclosure Policy has been revised to reflect current debt management standards and applies to all future debt issuances, and provides guidelines on the issuance and subsequent management of debt. This policy will apply to the city and any subsidiary en##es formed by the city, such as the Eastvale Parking Authority and the Eastvale Public Financing Authority, for which the City Council acts as a legisla#ve body. The disclosure por#on of the policy has been completely updated and applies to all future debt issuances, including notes, bonds, and cer#ficates of par#cipa#on issued by the city or subsidiary en##es of the city. The policy ensures compliance with applicable disclosure obliga#ons and requirements under the federal securi#es law.

The Fund Balance Policy applies to all funds held by the city, but focuses on the city's General Funds. 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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The Policy provides guidelines on target reserve amounts and minimum balance requirements to ensure the city's fiscal health well into the future.

Background
To prepare for issuing debt related to the Civic Center project staff, with assistance from the city's Municipal Advisor and Bond Counsel, prepared updates to the city's fiscal policies. Upda#ng these policies will ensure the city is strategically positioned to enter the bond market.

The following are the major updates to each policy:

Debt Management Policy:

The Debt Management and Disclosure Policy has been updated to the Debt Management Policy. Disclosure procedures were removed from this policy and added to a new separate policy. A majority of the updates expanded on the exis#ng policy by adding addi#onal detail and further clarifying the policy's objec#ve. Sec#ons for Debt Considera#ons, Debt Capacity, Debt Term, Inter-fund Borrowing, and Internal Controls were added to further expand the policy.

Fund Balance Policy
: The Fund Balance Policy was updated to memorialize the city's current reserve prac#ces and update the policies to current Government Accoun#ng Standards Board best prac#ces. The Fund Balance policy was updated to include a revised purpose statement and expand on the background sec#on. The scope was clarified to focus on the city's governmental funds, and primarily focus on the General Funds. The policy was expanded to include policies for how fund balance targets are iden#fied and authority is required to iden#fy target amounts. The assigned minimum balance was re#tled to "Opera#ng Reserve" to match the prac#ces the city implemented over the past five years. Uses of the Opera#ng Reserve were iden#fied and described. Opera#ng reserves were iden#fied for both the General Fund and the Structural Fire Fund. Minimum unassigned fund balances were also iden#fied and described. The city's Capital Replacement and Maintenance funds were iden#fied and annual minimum contribu#ons described, in addi#on appropriate uses of the fund balances were outlined. Replenishment of fund balance, surplus fund balance, and deficit fund balance situations were also described with procedural requirements.

The policy includes a summary statement of all reserves and a priority order in which they should be filled and/or replenished. An excerpt from the policy is included below:

At the end of the fiscal year end close, the annual excess revenues over expenditures in the General Fund will be automa#cally allocated as follows, unless the reserve has already been funded or the transfer is overridden by an action of the City Council:
50% Assigned General Fund Operating Reserve;
A cap of 50% of Debt service operating costs in a specific Debt Service reserve; A cap of $2,500,000 for Pension Obligation;
A cap of $3,000,000 for Public Safety Rate Increase Stabilization; 5% retained in General Fund Balance unassigned reserves; $500,000 to General Street Maintenance;
$250,000 to General Facility Maintenance;
$120,000 to General Fleet Capital Replacement;
$50,000 to General Information Capital Replacement;
$100,000 to General Catch Basin and Storm Drain Maintenance Annual budget surplus for the Fire Fund will automa#cally be allocated as follows, unless the reserve has already been funded or the transfer is overridden by an action of the City Council:
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75% Assigned Fire Fund Operating Reserve
Environmental
Government debt policies are not considered a Project as defined by the California Environmental Quality Act (CEQA) and no environmental review is required.

Strategic Plan Action - Priority Level: N/A
| Target #: N/A
| Goal #: N/A
Debt and Fund Balance policies are a best practice to ensure the city is well positioned to issue debt.

Fiscal Impact
Total fiscal impact for the adop#on of fiscal policies is zero. Fiscal policies as stand alone documents are not material in nature and will not affect the City Council approved budget. City Council approval is required to issue debt. At the time of any future debt issuance, fiscal impacts will be analyzed.

Prior City Council/Commission Action
The City's Debt Management and Disclosure Policy was adopted by the City Council on June 28, 2017 and the city's Fund Balance Policy was adopted on June 12, 2013.

Attachment(s)
Attachment 1 - Admin Policy A-27: Debt Management and Disclosure Policy

Attachment 1.1 - Admin Policy A-27: Debt Management and Disclosure Policy, Redlined

Attachment 2 - Admin Policy A-23: Fund Balance Policy

Attachment 2.1 - Admin Policy A-23: Fund Balance Policy, Redlined

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CITY OF EASTVALE
Administrative Policy
Policy No: A-27
Subject
Debt Management and Disclosure Policy
Effective Date: 01/22/2025