REGULAR CITY COUNCIL MEETING AGENDA
Eastvale City Hall Council Chambers
12363 Limonite Avenue, Suite 900, Eastvale, CA 91752
Regular City Council Meeting:
6:30 PM
Wednesday, April
8, 2026
City Councilmembers
Jocelyn Yow, Mayor
Clint Lorimore, Mayor Pro Tem
Christian Dinco, Councilmember
Michael McMinn, Councilmember
Todd Rigby, Councilmember
Mark Orme, City Manager
Erica Vega, City Attorney
Marc Donohue, Government Services Director/City Clerk
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 a/er 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.
If you are a person with a disability and need an accommoda)on to par)cipate in the City of Eastvale programs, services, ac)vi)es, and mee)ngs, contact Maricela Mejia at
[email protected]
or (951)703-4433 at least 72 business hours in advance
to request an auxiliary aid or accommodation.
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 maer jurisdicon, but which are not listed on this agenda during PUBLIC COMMENTS. However, no acon may be taken on maers that are not part of the posted agenda. We request comments made on the agenda be made at the me the item is considered and that comments be limited to three minutes per person with a maximum of six minutes (me 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 a2er making a finding that there is a need to take immediate acon on the item and that the item came to the aenon of the agency subsequent to the posng of the agenda. An acon 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. Donate Life Month Proclamation
8.2. Arbor Day Proclamation
8.3. Introduction of Senior Building Inspector - Mitchell Wirth
8.4. Recognition of Southern California Edison (SCE) Scholarship Recipient
9. AGENCY PARTNER UPDATES
9.1. California Department of Insurance Legislative and Insurance Market Update
2 10.
PUBLIC COMMENT
Any member of the public may address the Council on items within the Council’s subject maer jurisdicon, but which are not listed on this agenda during PUBLIC COMMENTS. However, no acon may be taken on maers that are not part of the posted agenda. We request comments made on the agenda be made at the me the item is considered and that comments be limited to three minutes per person with a maximum of six minutes (me 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.
11. CONSENT CALENDAR
Consent Calendar items are normally enacted in one moon. The Mayor or City Council may remove a Consent Calendar item for separate acon. 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 Meeting Minutes
Submitted by: Marc A. Donohue, Government Services Director/City Clerk
RECOMMENDED ACTION(S):
Staff recommends that the City Council approve the meeting minutes from the regular meeting on March 25, 2026.
11.2. Treasurer’s Report: February 2026
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. Approval of Tract Map 39022, Accepting Offers of Dedication, and Approval of the related Improvement Agreement and Improvement Securities for Public Improvements and the Affordable Housing Agreement, Located at the Southwest Corner of Archibald Avenue and Grapewin Street
Submitted by: Jimmy Chung, Public Works Director/City Engineer
RECOMMENDED ACTION(S):
Staff recommends that the City Council:
1 .
Adopt the Resolution approving the final map for Tract No. 39022; and 2 .
Approve a Subdivision Improvement Agreement for related public improvements and authorize the City Manager and the City Clerk to sign said agreement; and
3 .
Accept security in the form of bonds for completion of the related public improvements; and
4 .
Direct the City Clerk to record the Subdivision Improvement Agreement; and 5 .
Approve the Affordable Housing Agreement between Richmond American Homes, and the City of Eastvale.
11.4. Update of the City’s participation in the Western Riverside County Transportation
3 Uniform Mitigation Fee (TUMF) program, amendment of Chapter 4.72 of the Eastvale Municipal Code, and amendment of 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 TO ESTABLISH CONSTRUCTION COST INDEX
ADJUSTMENTS TO THE WESTERN RIVERSIDE COUNTY TRANSPORTATION UNIFORM
MITIGATION FEE (TUMF) PROGRAM
11.5. Agreement with CivicPlus for Agenda Management, ADA Compliance, Public Records Request Portal, and City Website Software Solutions
Submitted by: Marc A. Donohue, Government Services Director/City Clerk
RECOMMENDED ACTION(S):
Staff recommends that the City Council:
1 .
Authorize the City Manager to execute a five year agreement with CivicPlus for $369,617.15 for Agenda Management software, ADA compliance tools, public records request software, and city website software services; and 2 .
Determine compliance with the formal bidding process is not in the best interest of the City in accordance with Municipal Code section 04.06.090(g) and authorize use of the direct negotiation process.
12. PUBLIC HEARINGS
The public is encouraged to express your views on any maer set for public hearing. It is our procedure to first receive the staff report, then to ask for public tesmony, first from those in favor of the project followed by tesmony from those in opposion to it, and if there is opposion, to allow those in favor, rebual tesmony only as to the points brought up in opposion. To tesfy on the maer, you need to simply come forward to the speaker’s podium at the appropriate me, give your name and address and make your statement. A2er a hearing is closed, you may not further speak on the maer unless requested to do so or are asked quesons by the Mayor or a Councilmember. Public comment is limited to three (3) minutes each with a maximum of six (6) minutes (time may be donated by one speaker.)
13. CITY COUNCIL BUSINESS
13.1. Purchase of one (1) 107’ Quint Aerial Apparatus, Review of Staffing Options, Approve Budget Appropriation, and Capital Improvement Plan Amendment
Submitted by: Tim Voigt, CAL FIRE/Riverside County Fire Division Chief
4 RECOMMENDED ACTION(S):
Staff recommends that the City Council:
1 .
Approve the procurement and upfiMng of one (1) 107’ Quint Aerial Apparatus and related equipment for a total amount not-to-exceed $2,762,385; and 2 .
Determine compliance with the formal bidding process is not in the best interest of the City in accordance with Sec)on 4.06.090.b. of the municipal code
and authorize Riverside County to procure the apparatus and upfiMng equipment and services; and
3 .
Provide direction to proceed with Staffing Option 1; and 4 .
Approve amendments to the Fire Aerial Ladder Truck Purchase Capital Improvement Project (95015) as presented in Attachment 7.1; and 5 .
Approve and Adopt a Resolu)on amending the Fiscal Year 2025-26 Capital Improvement Plan and Budget for the aforemen)oned Capital Improvement Project; and
6 .
Approve and Adopt a Resolu)on Approving the Commitment of Fund Balance Pursuant to GASB 54; and
7 .
Authorize the City Manager to execute all documents and take all ac)ons necessary to
facilitate the above actions
.
14. CITY MANAGER/CITY STAFF REPORT
15. CITY COUNCIL COMMUNICATIONS/COMMITTEE REPORTS
16. ADJOURNMENT
The next regular mee)ng of the Eastvale City Council is scheduled for Wednesday, April 22, 2026, 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
5 Eastvale City Council Meeting Minutes
March 25, 2026 Page - 1
MINUTES
CITY OF EASTVALE
CITY COUNCIL MEETING
Wednesday, March 25, 2026
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 Meeting was called to order at 6:30 p.m. by Mayor Yow.
2. ROLL CALL
Present: Councilmembers Mike McMinn , Todd Rigby, Mayor Pro Tem Clint Lorimore , and Mayor Yow.
Absent: Councilmember Christian Dinco.
City Staff
Present: City Manage Mark Orme, City Attorney Erica Vega, and Government Services Director/City Clerk Marc Donohue were present at Roll Call. Other staff members were present.
3. CLOSED SESSION PUBLIC COMMENT – None
4. CLOSED SESSION ITEMS – None
5. INVOCATION
Pastor James Turner from Eastvale Bible Church offered the invocation.
6. PLEDGE OF ALLEGIANCE
Councilmember Rigby led the Pledge of Allegiance.
7. ADDITIONS/REVISIONS – None
8. PRESENTATIONS/ANNOUNCEMENTS
8.1 Emergency Broadcast AM Radio Presentation
6 Eastvale City Council Meeting Minutes
March 25, 2026 Page - 2
Mary Maldonado-Hayes from the Riverside County Emergency Management Department provided a presentation.
8.2 RCCD – Norco College Community Update
Trustee Bill Hedrick and Dr. Monica Green from Norco College provided a presentation.
9. AGENCY PARTNER UPDATES – None
10. PUBLIC COMMENT – None
11. CONSENT CALENDAR
On motion of Mayor Pro Tem Lorimore and second by Councilmember McMinn, the City Council voted unanimously by those present to approve the Consent Calendar.
11.1 City Council Meeting Minutes
The City Council approved the meeting minutes from the regular meeting on March 11, 2026.
11.2 Planning Division Update
The City Council received and filed the Planning Division Update.
11.3 Public Works Department Update
The City Council received and filed the Public Works Department Update.
11.4 City of Eastvale Crime Statistics – January 2026
The City Council received and filed the Eastvale Crime Statistics for January 2026.
11.5 Sixth Cycle (2021 – 2029) Annual Housing Element Progress Report (APR) for the 2025 Reporting Period
The City Council:
1. Received and filed the 2025 Annual Housing Element Progress Report; and
2. Directed staff to submit the 2025 Annual Housing Element Progress Report to the California Department of Housing and Community Development (HCD).
11.6 Initiating Proceedings for Annual Levy and Collection of Assessments for Landscape and Lighting Maintenance Districts, Benefit Assessment Districts, and Illumination Districts for Fiscal Year 2026-27
7 Eastvale City Council Meeting Minutes
March 25, 2026 Page - 3
The City Council:
1. Approved and adopted Resolution 26 -07, Initiating Proceedings for the Annual Levy and Collection of Assessments and Ordering the Preparation of an Annual Report for Landscape and Lighting Maintenance Districts No. 89-1 Consolidated, No. 2014 -1, No. 2014 -3, No. 2014 -4, Illumination District No. No. 2 (Subareas: 35, 42, 46, 49, and 55), Lighting Maintenance District No. 89-2, Lighting Maintenance District No. 2001-2 (Zones: A-H, J- K, and M), and Lighting Maintenance District No. 2001-3 (Zones: A-MMM); For Fiscal Year 2026-27; and
2. Approved and Adopted Resolution 26 -08, Initiating Proceedings for the Annual Levy and Collection of Assessments and Ordering the Prepara tion of an Annual Report for Benefit Assessment District No. 2014 -2 for Fiscal Year 2026-27.
11.7 Second Reading and Adoption of Chapter 4.06 of Title 4 to the Municipal Code to Update Guidelines for Purchasing Goods and Services
The City Council adopted Ordinance 26-04, entitled: An Ordinance of the City Council of the City of Eastvale, California, Amending Chapter 4.06 of the Eastvale Municipal Code Pertaining to Purchasing Goods and Services.
12. PUBLIC HEARINGS
12.1 Update of the City’s participation in the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) program, amendment of Chapter 4.72 of the Eastvale Municipal Code, and amendment of the TUMF Fee Schedule
City Planner Murray presented the item and answered related questions.
Mayor Pro Yow opened the public comment period. Hearing no response, Mayor Yow closed the public comment period.
On motion of Councilmember McMinn and Second by Councilmember Rigby, the City Council voted unanimously 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;
2. Introduce Ordinance 26-05 entitled: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, AMENDING CHAPTER 4.72 OF THE EASTVALE MUNICIPAL
CODE TO ESTABLISH CONSTRUCTION COST INDEX ADJUSTMENTS TO THE WESTERN RIVERSIDE COUNTY TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) PROGRAM; and
8 Eastvale City Council Meeting Minutes
March 25, 2026 Page - 4
3. Adopt Resolution 26-09, entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
EASTVALE AMENDING THE APPLICABLE TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) APPLICABLE TO ALL DEVELOPMENTS IN EASTVALE.
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
No report was provided.
15.4 Riverside Transit Agency
No report was provided.
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 No report was provided.
15.8 Finance Committee
No report was provided.
15.9 Eastvale Schools Committee
No report was provided.
15.10 Business and Development Success Ad-Hoc Committee No report was provided.
9 Eastvale City Council Meeting Minutes
March 25, 2026 Page - 5
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 Yow adjourned the regular meeting at 7:46 P.M. The next regular meeting of the Eastvale City Council is scheduled for Wednesday, April 8, 2026, at 6:30 P.M.
Marc A. Donohue, MMC
City Clerk
10 AGENDA STAFF REPORT
City Council Meeting
CONSENT CALENDAR
Agenda Item No. 11.2
April
8, 2026
Treasurer’s Report: February 2026
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 September 10, 2025, 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
11 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 February 28, 2026, 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
January are $346,709,091 (book value). Ac*ve deposits total $298,458,685; inac*ve deposits total $8,002,262. The remaining amount of $40,248,145 accounts for cash with fiscal agent, which comprises bond proceeds for the Civic Center Project. Net investment income received for fiscal year 2025-26 through the end of February (eight months of the fiscal year) is $8,289,900. The net annualized yield on investments is 3.865
%.
Cash and investment income is spread among all of the city's 100+ funds and is not an indicator of available cash in any one particular fund, such as the General Fund.
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 ac*vity required by the city's investment policy and is not a strategic activity.
Fiscal Impact
Not applicable.
Prior City Council/Commission Action
Not applicable.
Attachment(s)
Attachment 1 - Investment Report: February 2026
Attachment 2 - PFM Statement: February 2026
12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
12 Introduction
Month Ending
Active
Deposits
Ending Book
Value
Inactive
Deposits
Ending Book
Value
Cash With
Fiscal Agent Interest*
Realized
Gain/(Loss)
Yield at
Cost
March 31, 2025 $ 253,346,989 $ 8,000,000 $ - 533,139$ $ (17,538) 4.198% April 30, 2025 254,899,446 8,001,373 - 1,305,239 (2,205) 4.235% May 31, 2025 262,369,797 8,001,373 - 542,829 (29,916) 4.115% June 30, 2025 263,428,432 8,041,373 - 636,113 13,921 4.117% July 31, 2025 267,263,935 8,003,111 57,529,535 1,408,122 23,852 4.951% August 31, 2025 273,409,767 10,818,948 57,549,582 646,820 227 4.848% September 30, 2025 277,037,455 8,000,000 57,549,582 868,876 31,270 4.736% October 31, 2025 283,398,116 8,000,000 57,939,042 1,585,273 32,301 4.549% November 30, 2025 282,017,368 8,000,000 50,257,618 736,541 60,384 4.408% December 31, 2025 285,973,519 8,000,000 46,150,973 782,599 30,195 4.194% January 31, 2026 291,375,471 8,019,637 46,289,521 1,467,729 18,703 4.056% February 28, 2026 298,458,685 8,002,262 40,248,145 579,108 43,121 3.892% *LAIF interest is received quarterly in July, October, January, and April
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2025-26 as of February 28, 2026
In accordance with the City Investment Policy, a quarterly investment report shall be filed with the City Council which pr a clear picture of the status of the current investments. The report for the month ending February 28, 2026 has been pre by City Staff. We hereby certify that this report accurately reflects all pooled investments and is in compliance with the Investment Policy. Combined with anticipated revenues, the portfolio contains sufficient investment liquidity to budgeted expenditures for the next six months.
12 MONTH BALANCES
This report is based on the city's fiscal year, July through June.
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov 1 13 Schedule of Investments
Par Value
Book Value Price
@ Cost
(Fair Value)
Market Value Yield
Money Market Accounts:
Citizens Business Bank - Money Market -$ -$ -$ 0.100% First American Govt Oblig Fund CI Y 131,386 131,386 131,386 3.300% Total Money Market 131,386$ 131,386$ 131,386$ 3.300% Sweep Accounts:
Citizens Business Bank - General Sweep 43,222,395$ 43,222,395$ 43,222,395$ 0.100% Total Sweep Accounts 43,222,395$ 43,222,395$ 43,222,395$ 0.100% Pooled Investment Accounts:
CAMP Pool 138,769,335$ 138,769,335$ 138,769,335$ 3.830% Local Agency Investment Fund* 74,973,371 74,973,371 75,136,924 4.200% Total Pooled Investment 213,742,706$ 213,742,706$ 213,906,259$ 3.960% PFM Managed Investment Portfolio:
U.S. Treasury Bond / Note 17,505,000$ 17,213,181$ 17,611,127$ 3.850% U.S. Treasury Bill - - - 0.000% Supra-National Agency Bond / Note - - - 0.000% Municipal Bond / Note - - - 0.000% Federal Agency Commercial 7,803,215 7,752,711 7,967,013 4.790% Asset-Back Security / Collateralized 5,502,725 5,502,039 5,549,001 4.390% Certificate of Deposit 360,000 360,000 362,199 5.080% Federal Agency Bond / Note - - - 0.000% Bank Note 925,000 925,020 934,698 5.480% Corporate Note 9,674,000 9,609,246 9,755,296 4.280% Total PFM Managed Investments 41,769,940$ 41,362,198$ 42,179,334$ 4.245% 298,866,427$ 298,458,685$ 299,439,374$ 3.892% Checking Account:
Citizens Business Bank - General Account 8,002,262$ 8,002,262$ 8,002,262$ 0.000% Total Inactive Deposits 8,002,262$ 8,002,262$ 8,002,262$ 0.000% 8,002,262$ 8,002,262$ 8,002,262$ Revenue Lease Bonds
US Bank Series 2025A** 40,248,145$ 40,248,145$ 40,248,145$ 3.350% Total Cash with Fiscal Agent 40,248,145$ 40,248,145$ 40,248,145$ 3.350% 40,248,145$ 40,248,145$ 40,248,145$ 347,116,834$ 346,709,091$ 347,689,781$ *yield as of the prior quarter end **new as of 07/31/2025
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2025-26 as of February 28, 2026
GRAND TOTAL CASH
Institution
ACTIVE DEPOSITS TOTAL
INACTIVE DEPOSITS
ACTIVE DEPOSITS
CASH WITH FISCAL AGENT
INACTIVE DEPOSITS TOTAL
CASH WITH FISCAL AGENT TOTAL
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.
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov 2 14 Dash Board Report Card
I. PORTFOLIO DIVERSIFICATION*
Money Market 0.04%
Sweep 14.43%
LAIF 25.09%
CAMP Pool 46.34%
Certificates of Deposit 0.12%
U.S. Treasury Bond/ Note 5.88%
U.S. Treasury Bill 0.00%
Supra-National Agency Bond/Note 0.00%
Municipal Bond / Note 0.00%
Federal Agency Collaterized Mortgage 2.66%
Asset-Backed Security/ Collateralized 1.85%
Federal Agency Bond/ Note 0.00%
Bank Note 0.31%
Corporate Note 3.26%
100.00%
Less Than 90 Days 85.91%
90 days to Six Months (26 Weeks) 0.65%
Six Months to One Year (52 Weeks) 0.42%
One to Two Years (104 Weeks) 2.12%
Two to Three Years (156 Weeks) 3.71%
Three to Four Years (208 Weeks) 3.06%
Four to Five Years 4.13%
Five Years + 0.00%
100.00%
II. PORTFOLIO PERFORMANCE MEASURES*
Yield at Cost - February 28, 2026 3.892%
Annual Investment Income Budget 7,781,585$ A
Investment Income Received - YTD 02/28/2026 8,318,482 B Less Investment Fees (28,582) C
Net Investment Income Received - YTD 02/28/2026 8,289,900$ B+C Over/(Under) Annual Budget 508,315$ C-B
% of Annual Budget 106.532%
Net Yield Annualized at Cost - February 28, 2026 3.865% *excludes cash with fiscal agent
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2025-26 as of February 28, 2026
DIVERSIFICATION BY INSTRUMENT
DIVERSIFICATION BY MATURITY
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov 3 15 Dash Board Report Card
Active Investments: Diversification by Maturity*
Active Investments: Diversification by Investment*
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2025-26 as of February 28, 2026
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 >5 % of Portfolio
Maturity in Years
First American Govt Oblig Fund CI Y
0.05%
CAMP Pool
54.16%
Local Agency Investment Fund
29.33%
U.S. Treasury Bond / Note
6.87%
U.S. Treasury Bill
0.00%
Supra-National Agency Bond / Note
0.00%
Municipal Bond / Note
0.00%
Federal Agency Commercial
3.11%
Asset-Back Security /
Collateralized
2.17%
Certificate of Deposit
0.14%
Federal Agency Bond / Note
0.00%
Bank Note
0.36%
Corporate Note
3.81%
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov 4 16 Dash Board Report Card
CITY OF EASTVALE
Treasurer's Report
Fiscal Year 2025-26 as of February 28, 2026
*excludes cash with fiscal agent
All Activity: Year Over Year Total Interest Income
-
1 2
3 4
5 6
7 8
9 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26
Net Interest Income Received
Millions
Fiscal Year
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov 5 17 Cash Breakdown per Fund Balance Reserve Policy
Schedule of Investments - February 28, 2026
Money Market Accounts 131,386$
Sweep Accounts 43,222,395
Pooled Investment Accounts 213,742,706
PFM Managed Investments 41,362,198
Checking Account 8,002,262
Cash with Fiscal Agent 40,248,145
Grand Total Cash - February 28, 2026 346,709,091$
Breakdown of Total Cash at February 28, 2026
Non-Spendable & Restricted Funds (Non-Discretionary Per Law): 135,754,091$ per 06/30/2025 audited financials
Committed (Formal Action of City Council): 135,221,901
per fiscal year 2025-26 adopted budget
Assigned (City's Intent):
per fiscal year 2025-26 adopted budget
Fire Operations
per fiscal year 2025-26 adopted budget 10,759,000
General Fund Emergency Contingency:
per fund balance reserve policy (General and Fire Funds) + 29,942,137 - Cash Flow for CIP Grants 16,854,090
- Cover Special Revenue Fund Negative Fund Balance 387,319 - Business Incentive Loan Program 130,000
- Land Purchases 11,600,000
- Financial System Implementation (FY 2025-26) 1,000,000 All Funds Adopted Budget
Revenues 210,291,546
Expenditures 198,702,740
All Funds Net Revenue - 11,588,806
Total Designated/ Assigned 59,083,740
Unassigned 16,649,359
Grand Total Cash - February 28, 2026 346,709,091$
Fiscal Year 2025-26 as of February 28, 2026
Treasurer's Report
CITY OF EASTVALE
*Restricted, committed, and assigned figures based on estimated fund balances at the end of the fiscal year, 06/30/2026. 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.gov 6 18 Investment Income Detail
Yield at Cost - February 28, 2026 3.892%
Annual Investment Income Budget A 7,781,585$
Investment Income Received YTD:
Money Market (CBB) -$
Sweep (CBB) 18,467
Money Market (PFM) 4,282
LAIF 2,381,551
CAMP Pool 3,773,336
Certificate of Deposits 18,288
Municipal Bond/Note 1,793
U.S. Treasury Bill 275,282
U.S. Treasury Bond/ Note 48,281
Federal Agency Bond/ Note 65,121
Federal Agency Commercial Mortgage Backed Security 136,230 Asset-Backed Security 189,767
Corporate Note 246,721
Bank Note 40,430
Supra-National Agency Bond/Note -
US Bank Series 2025A 878,880
Realized Gain/ (Loss) 240,053
Total Investment Income Received - YTD 02/28/2026 B 8,318,482 Less Investment Fees Paid:
Trust Fees-U.S. Bank (2,987)
Management Fee-PFM (25,595)
Total Investment Fees Paid - YTD 02/28/2026 C (28,582)
Net Investment Income Received - YTD 02/28/2026 B+C 8,289,900$ Investment Income Over/(Under) Annual Budget C-B 508,315$ Investment Income Annual Budget % Used 106.532%
Net Yield Annualized at Cost - February 28, 2026 3.865% Fiscal Year 2025-26 as of February 28, 2026
Treasurer's Report
CITY OF EASTVALE
Prepared by the Finance Department in accordance with the adopted Investment Policy eastvaleca.gov 7 19 CITY OF EASTVALE
ACCOUNT STATEMENT
For the Month Ending
February 28, 2026
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 Robert Montoya
Institutional Sales & Relationship Manager
633 W 5th Street, Suite/Floor 2560
Los Angeles, CA 90071
262-725-1090
[email protected]
20 For the Month Ending February 28, 2026
Account Statement
Important Disclosures
Important Disclosures
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.
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.
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
21 For the Month Ending February 28, 2026
Account Statement
Consolidated Summary Statement
CITY OF EASTVALE
Investment Allocation
Investment Type Closing Market Value Percent
5,549,000.98 3.07 Asset-Backed Security
934,698.07 0.52 Bank Note
362,199.24 0.20 Certificate of Deposit
9,755,296.03 5.39 Corporate Note
7,967,012.91 4.40 Federal Agency Commercial Mortgage-Backed Security 17,611,126.86 9.73 U.S. Treasury Bond / Note
138,769,335.33 76.69 CAMP Pool
$180,948,669.42 Total 100.00%
Portfolio Summary
and Income
Closing
Market ValuePortfolio Holdings
Cash Dividends
PFMAM Managed Account 263,947.41 42,179,334.09
CAMP Pool 0.00 138,769,335.33
$263,947.41 $180,948,669.42 Total
Maturity Distribution (Fixed Income Holdings)
Portfolio Holdings Closing Market Value Percent
138,769,335.33
0.00 0.00
1,960,648.16
1,250,272.55
6,343,140.29
11,108,922.78
9,158,640.00
12,357,710.31
0.00 76.69
0.00 0.00
1.08 0.69
3.51 6.14
5.06 6.83
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 $180,948,669.42
258
100.00%
Weighted Average Days to Maturity
Sector Allocation
3.07%
ABS
0.52%
Bank Note
0.20%
Cert of Deposit
5.39%
Corporate Note
4.40%
Federal Agency
Commercial
Mortgage-Backed
Security
9.73%
US TSY Bond / Note
76.69%
CAMP Pool
Summary Page 1PFM Asset Management
22 For the Month Ending February 28, 2026Managed 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)
$41,756,075.90
(57,535.91)
(2,211,033.57)
2,495,697.39
0.00 196,130.28
$42,179,334.09
221,727.97
(946.66)
43,166.10
$263,947.41
Total
41,622,866.56
244,891.38
2,230,441.86
57,535.91
202,319.68
(2,496,644.05)
(41,358,843.04)
(329,484.30)
Total Accrual Basis Earnings $173,084.00
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 2,230,441.86
202,319.68
57,535.91
(2,496,644.05)
(416.61)
0.00 Cash Balance
$200,529.85 Closing Cash Balance
Account 20240100 Page 1PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
23 For the Month Ending February 28, 2026Portfolio Summary and Statistics CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 17,505,000.00 17,611,126.86 41.74 Federal Agency Commercial
Mortgage-Backed Security
7,803,214.64 7,967,012.91 18.89
Corporate Note 9,674,000.00 9,755,296.03 23.13
Certificate of Deposit 360,000.00 362,199.24 0.86
Bank Note 925,000.00 934,698.07 2.22
Asset-Backed Security 5,502,725.49 5,549,000.98 13.16 Managed Account Sub-Total 41,769,940.13 42,179,334.09 100.00% Accrued Interest 244,891.38
Total Portfolio 41,769,940.13 42,424,225.47
Unsettled Trades 0.00 0.00
Sector Allocation
13.16%
ABS
2.22%
Bank Note
0.86%
Cert of Deposit
23.13%
Corporate Note
18.89%
Federal Agency
Commercial
Mortgage-Backed
Security
41.74%
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
4.65%
2.96%
15.04%
26.34%
21.71%
29.30%
0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1102
4.24%
3.71%
Account 20240100 Page 2PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
24 For the Month Ending February 28, 2026Managed Account Issuer Summary CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Credit Quality (S&P Ratings)
6.44%
A
12.30%
A+
0.69%
A-
0.86%
A-1
62.01%
AA+
3.08%
AA-
13.43%
AAA
1.19%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
394,236.00 0.93 Adobe Inc
80,376.96 0.19 Ally Auto Receivables Trust
575,556.60 1.36 Alphabet Inc
540,846.68 1.28 American Express Co
233,896.26 0.55 AstraZeneca PLC
323,937.18 0.77 BA Credit Card Trust
591,929.31 1.40 Bank of America Corp
614,224.46 1.46 Bank of New York Mellon Corp
603,530.38 1.43 BlackRock Inc
346,545.82 0.82 Capital One Financial Corp
315,506.87 0.75 Caterpillar Inc
130,389.74 0.31 Chase Auto Owner Trust
133,877.38 0.32 Cisco Systems Inc
1,222,763.19 2.90 Citigroup Inc
362,199.24 0.86 Cooperatieve Rabobank UA
282,762.15 0.67 Deere & Co
299,060.67 0.71 Eli Lilly & Co
7,620,026.36 18.07 Federal Home Loan Mortgage Corp
346,986.55 0.82 Federal National Mortgage Association
133,492.65 0.32 Fifth Third Auto Trust
90,483.11 0.21 GM Financial Consumer Automobile Receiv 401,210.00 0.95 Goldman Sachs Group Inc
385,101.60 0.91 Home Depot Inc
858,928.84 2.04 Honda Auto Receivables Owner Trust
861,061.52 2.04 Hyundai Auto Receivables Trust
1,571,364.53 3.73 JPMorgan Chase & Co
225,261.30 0.53 Kenvue Inc
292,419.30 0.69 Mastercard Inc
462,220.70 1.10 Microsoft Corp
617,779.24 1.46 Morgan Stanley
156,086.71 0.37 National Rural Utilities Cooperative Fi 563,691.52 1.34 Novartis AG
Account 20240100 Page 3PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
25 For the Month Ending February 28, 2026Managed Account Issuer Summary CITY OF EASTVALE - INVESTMENT PORTFOLIO - 20240100
Percentof HoldingsIssuer
Market Value
276,330.45 0.66 PACCAR Inc
281,873.17 0.67 PepsiCo Inc
280,692.79 0.67 Target Corp
413,673.60 0.98 TotalEnergies SE
722,802.67 1.71 Toyota Auto Receivables Owner Trust
301,608.59 0.72 Toyota Motor Corp
17,611,126.86 41.75 United States Treasury
95,412.87 0.23 USAA Auto Owner Trust
558,060.27 1.32 Wells Fargo & Co
$42,179,334.09 Total 100.00%
Account 20240100 Page 4PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
26 For the Month Ending February 28, 2026Managed 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 04/30/2020 0.500% 04/30/2027
212,592.16 214,254.27 367.68 196,625.00 08/05/2208/03/22Aa1AA+ 220,000.00 912828ZN3 2.92
US TREASURY N/B
DTD 07/15/2024 4.375% 07/15/2027
167,023.89 165,901.79 897.36 166,495.31 03/20/2503/19/25Aa1AA+ 165,000.00 91282CKZ3 3.96
US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
1,032,240.30 1,033,925.06 913.67 995,490.23 09/06/2209/01/22Aa1AA+ 1,050,000.00 9128282R0 3.40
US TREASURY N/B
DTD 09/30/2022 4.125% 09/30/2027
156,646.88 154,673.87 2,669.92 153,988.87 11/03/2211/01/22Aa1AA+ 155,000.00 91282CFM8 4.27
US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
384,260.18 381,799.88 5,239.43 385,284.38 12/08/2212/06/22Aa1AA+ 380,000.00 91282CFU0 3.81
US TREASURY N/B
DTD 11/02/2020 0.500% 10/31/2027
724,434.28 720,952.40 1,270.17 647,217.19 01/06/2301/04/23Aa1AA+ 760,000.00 91282CAU5 3.91
US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027
579,447.05 575,928.23 5,570.31 577,380.86 06/05/2306/01/23Aa1AA+ 575,000.00 91282CFZ9 3.77
US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2027
524,285.84 521,819.64 3,339.78 524,875.00 01/31/2301/31/23Aa1AA+ 520,000.00 91282CGC9 3.66
US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
214,075.12 213,935.77 135.19 197,868.16 05/18/2305/16/23Aa1AA+ 225,000.00 91282CBJ9 3.56
US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
271,161.82 270,579.93 171.24 247,437.89 01/31/2301/31/23Aa1AA+ 285,000.00 91282CBJ9 3.66
US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
101,152.30 99,555.03 10.87 98,890.62 03/07/2303/03/23Aa1AA+ 100,000.00 91282CGP0 4.25
US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
248,939.86 248,903.75 1,357.14 233,928.91 05/09/2305/08/23Aa1AA+ 260,000.00 91282CBS9 3.50
US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
40,087.52 39,922.16 467.96 39,820.31 05/01/2305/01/23Aa1AA+ 40,000.00 91282CHA2 3.60
US TREASURY N/B
DTD 05/15/2025 3.750% 05/15/2028
564,221.84 561,611.69 6,149.17 561,684.38 01/22/2601/21/26Aa1AA+ 560,000.00 91282CND9 3.61 Account 20240100 Page 5PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
27 For the Month Ending February 28, 2026Managed 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 11/15/2018 3.125% 11/15/2028
49,662.10 49,340.81 457.53 49,316.41 01/22/2601/21/26Aa1AA+ 50,000.00 9128285M8 3.64
US TREASURY N/B
DTD 04/30/2024 4.625% 04/30/2029
119,155.30 115,166.28 1,777.81 115,251.56 05/03/2405/02/24Aa1AA+ 115,000.00 91282CKP5 4.58
US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
134,306.25 130,796.58 1,462.50 131,178.12 06/07/2406/06/24Aa1AA+ 130,000.00 91282CKT7 4.30
US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
169,286.21 165,062.98 1,162.29 165,090.23 07/09/2407/08/24Aa1AA+ 165,000.00 91282CKX8 4.24
US TREASURY N/B
DTD 07/01/2024 4.250% 06/30/2029
384,741.38 373,238.15 2,641.57 372,451.17 07/03/2407/02/24Aa1AA+ 375,000.00 91282CKX8 4.40
US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
40,740.64 40,196.12 128.18 40,278.12 08/02/2408/01/24Aa1AA+ 40,000.00 91282CLC3 3.85
US TREASURY N/B
DTD 09/03/2024 3.625% 08/31/2029
1,096,812.50 1,091,627.42 107.37 1,092,256.64 09/05/2409/04/24Aa1AA+ 1,090,000.00 91282CLK5 3.58
US TREASURY N/B
DTD 09/30/2024 3.500% 09/30/2029
501,074.00 498,952.83 7,307.69 498,574.22 10/03/2410/02/24Aa1AA+ 500,000.00 91282CLN9 3.56
US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2029
276,285.87 268,479.66 3,722.76 267,996.09 11/15/2411/14/24Aa1AA+ 270,000.00 91282CLR0 4.29
US TREASURY N/B
DTD 10/31/2024 4.125% 10/31/2029
306,984.30 299,443.72 4,136.40 299,261.72 11/04/2411/01/24Aa1AA+ 300,000.00 91282CLR0 4.18
US TREASURY N/B
DTD 12/02/2024 4.125% 11/30/2029
301,948.73 295,409.37 3,042.19 295,530.08 12/06/2412/05/24Aa1AA+ 295,000.00 91282CMA6 4.08
US TREASURY N/B
DTD 12/31/2024 4.375% 12/31/2029
872,693.19 843,516.51 6,127.42 843,118.55 01/07/2501/06/25Aa1AA+ 845,000.00 91282CMD0 4.43
US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
745,843.75 722,839.37 2,468.40 722,309.57 02/05/2502/04/25Aa1AA+ 725,000.00 91282CMG3 4.33
US TREASURY N/B
DTD 02/28/2023 4.000% 02/28/2030
1,325,695.80 1,302,243.55 141.30 1,302,742.19 03/05/2503/04/25Aa1AA+ 1,300,000.00 91282CGQ8 3.95 Account 20240100 Page 6PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
28 For the Month Ending February 28, 2026Managed 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 03/31/2025 4.000% 03/31/2030
923,100.00 908,764.63 15,116.48 909,525.00 04/02/2504/01/25Aa1AA+ 905,000.00 91282CMU2 3.89
US TREASURY N/B
DTD 05/31/2023 3.750% 05/31/2030
793,187.55 777,289.53 7,359.38 776,076.76 06/05/2506/04/25Aa1AA+ 785,000.00 91282CHF1 4.00
US TREASURY N/B
DTD 06/30/2025 3.875% 06/30/2030
289,442.01 285,752.77 1,830.46 285,857.23 07/01/2507/01/25Aa1AA+ 285,000.00 91282CNK3 3.81
US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
1,186,130.10 1,174,304.96 116.24 1,173,731.25 09/03/2509/02/25Aa1AA+ 1,180,000.00 91282CNX5 3.74
US TREASURY N/B
DTD 09/30/2025 3.625% 09/30/2030
80,409.36 79,677.88 1,210.99 79,656.25 10/31/2510/30/25Aa1AA+ 80,000.00 91282CPA3 3.72
US TREASURY N/B
DTD 09/30/2025 3.625% 09/30/2030
904,605.30 897,663.56 13,623.63 897,468.75 10/02/2510/01/25Aa1AA+ 900,000.00 91282CPA3 3.69
US TREASURY N/B
DTD 12/01/2025 3.500% 11/30/2030
459,748.38 457,492.26 4,025.00 457,376.56 12/05/2512/03/25Aa1AA+ 460,000.00 91282CPN5 3.63
US TREASURY N/B
DTD 12/31/2025 3.625% 12/31/2030
120,553.08 119,430.65 720.99 119,414.06 01/05/2601/02/26Aa1AA+ 120,000.00 91282CPR6 3.73
US TREASURY N/B
DTD 02/02/2026 3.750% 01/31/2031
373,757.72 369,986.82 1,111.53 369,985.55 02/10/2602/05/26Aa1AA+ 370,000.00 91282CPW5 3.75
US TREASURY N/B
DTD 02/02/2026 3.750% 01/31/2031
934,394.30 921,788.62 2,778.83 921,748.05 02/05/2602/04/26Aa1AA+ 925,000.00 91282CPW5 3.83 111,136.83 17,611,126.86 17,392,228.50 3.85 17,213,181.24 17,505,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
250,228.09 249,790.32 701.23 243,671.75 05/24/2305/19/23Aa1AA+ 251,410.48 3137BTUM1 4.29 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
387,665.46 383,450.89 1,047.80 367,879.69 08/18/2308/16/23Aa1AA+ 390,000.00 3137BXQY1 4.94 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
218,628.96 216,077.56 594.55 207,427.34 08/18/2308/16/23Aa1AA+ 220,000.00 3137F1G44 4.93 Account 20240100 Page 7PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
29 For the Month Ending February 28, 2026Managed 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 K066 A2
DTD 08/01/2017 3.117% 06/01/2027
342,302.45 337,332.68 896.14 322,628.91 08/22/2308/17/23Aa1AA+ 345,000.00 3137F2LJ3 4.97 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
322,719.80 314,660.66 1,268.79 312,219.93 09/28/2309/20/23Aa1AA+ 317,197.71 3137HAMR4 5.19 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
187,907.20 183,369.19 715.98 182,006.05 09/14/2309/07/23Aa1AA+ 184,769.26 3137HAMG8 5.01 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
294,903.37 292,559.11 1,164.64 292,555.24 07/27/2307/19/23Aa1AA+ 292,562.58 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
367,655.40 361,689.46 1,445.70 363,595.68 07/20/2307/13/23Aa1AA+ 360,000.00 3137HACX2 4.59 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
346,986.55 340,922.91 1,197.73 337,902.08 07/31/2307/18/23Aa1AA+ 343,729.37 3136BQDE6 4.58 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
104,785.87 103,451.51 454.50 103,451.23 09/28/2309/19/23Aa1AA+ 103,451.75 3137HAMN3 5.27 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
382,699.50 372,035.42 1,453.13 369,452.63 09/14/2309/07/23Aa1AA+ 375,000.00 3137HAMH6 4.99 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
388,251.70 375,453.75 1,501.00 371,664.32 10/19/2310/11/23Aa1AA+ 380,000.00 3137HAQ74 5.25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
292,455.60 279,839.59 1,151.88 275,913.35 10/31/2310/25/23Aa1AA+ 285,000.00 3137HAST4 5.60 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
378,601.02 367,543.12 1,480.00 365,577.39 09/28/2309/20/23Aa1AA+ 370,000.00 3137HAMS2 5.07 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
149,680.02 144,760.90 612.50 144,580.81 11/21/2311/14/23Aa1AA+ 145,000.00 3137HB3D4 5.14 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
215,776.05 209,653.79 850.50 209,396.67 12/07/2311/28/23Aa1AA+ 210,000.00 3137HB3G7 4.93 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
180,519.30 176,050.43 729.56 176,728.53 12/21/2312/11/23Aa1AA+ 175,093.50 3137HBCF9 4.79 Account 20240100 Page 8PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
30 For the Month Ending February 28, 2026Managed 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 K513 A2
DTD 01/01/2024 4.724% 12/01/2028
220,370.70 216,286.90 846.38 217,147.64 01/18/2401/10/24Aa1AA+ 215,000.00 3137HBFY5 4.50 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
224,432.56 221,329.66 838.20 222,199.78 02/08/2402/01/24Aa1AA+ 220,000.00 3137HBLV4 4.34 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
349,122.60 341,276.26 1,494.94 345,045.31 03/14/2403/05/24Aa1AA+ 335,000.00 3137HC2C5 4.67 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
391,179.00 381,249.16 1,687.50 385,102.50 02/22/2402/14/24Aa1AA+ 375,000.00 3137HBPD0 4.79 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
391,619.25 382,011.10 1,711.56 386,248.88 03/07/2402/29/24Aa1AA+ 375,000.00 3137HBPM0 4.79 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
329,072.00 321,386.20 1,258.67 321,965.12 07/25/2407/16/24Aa1AA+ 320,000.00 3137HDV56 4.58 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
358,664.95 352,329.19 1,325.04 353,273.90 08/15/2408/07/24Aa1AA+ 350,000.00 3137HDXL9 4.33 FHMS K529 A2
DTD 10/01/2024 4.791% 09/01/2029
211,812.77 208,048.03 818.46 209,097.34 10/16/2410/08/24Aa1AA+ 205,000.00 3137HH6C0 4.34 FHMS K530 A2
DTD 11/01/2024 4.792% 09/01/2029
413,364.80 401,609.95 1,597.33 402,082.80 11/27/2411/19/24Aa1AA+ 400,000.00 3137HHJL6 4.67 FHMS K546 A2
DTD 09/01/2025 4.361% 05/01/2030
265,607.94 263,552.42 944.88 263,896.36 09/18/2509/09/25Aa1AA+ 260,000.00 3137HN4R6 4.01 29,788.59 7,967,012.91 7,797,720.16 4.79 7,752,711.23 7,803,214.64 Security Type Sub-Total Corporate Note
MICROSOFT CORP (CALLABLE)
DTD 08/08/2016 2.400% 08/08/2026
462,220.70 465,505.07 713.00 470,156.85 02/25/2202/23/22AaaAAA 465,000.00 594918BR4 2.14
PACCAR FINANCIAL CORP
DTD 08/10/2023 5.050% 08/10/2026
276,330.45 275,166.55 810.10 276,130.25 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
301,837.50 299,583.98 598.65 297,474.00 10/24/2310/23/23Aa2A+ 300,000.00 06428CAA2 5.85 Account 20240100 Page 9PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
31 For the Month Ending February 28, 2026Managed 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
49,244.35 49,985.10 124.58 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
231,448.44 234,974.77 585.54 234,856.65 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
325,115.67 330,176.30 657.71 331,062.60 01/28/2201/26/22Aa3A 330,000.00 06406RBA4 1.98
ADOBE INC (CALLABLE)
DTD 02/03/2020 2.150% 02/01/2027
394,236.00 393,169.04 716.67 369,240.00 12/15/2212/13/22A1A+ 400,000.00 00724PAC3 4.20
GOLDMAN SACHS BANK USA (CALLABLE)
DTD 05/21/2024 5.414% 05/21/2027
401,210.00 400,567.30 6,015.56 402,516.00 05/22/2505/21/25A1A+ 400,000.00 38151LAG5 5.08
HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
385,101.60 382,701.89 5,065.67 368,000.10 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
239,025.84 236,102.17 550.72 233,169.60 08/07/2408/06/24Aa3A 240,000.00 06406RAB3 4.33
KENVUE INC (CALLABLE)
DTD 10/17/2023 5.050% 03/22/2028
225,261.30 223,932.74 4,906.92 225,194.20 06/30/2506/27/25A2A 220,000.00 49177JAF9 4.12
JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.571% 04/22/2028
142,510.34 140,386.48 2,794.79 140,933.80 06/04/2406/03/24A1A 140,000.00 46647PEE2 5.38
JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
128,528.25 124,911.74 807.81 124,813.75 07/14/2307/11/23A1A 125,000.00 24422EXB0 4.98
JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
154,233.90 150,966.92 969.38 152,037.00 07/17/2307/13/23A1A 150,000.00 24422EXB0 4.64
NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 08/25/2025 4.150% 08/25/2028
156,086.71 154,854.85 107.21 154,826.40 08/25/2508/19/25A2NR 155,000.00 63743HFZ0 4.19
CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
382,272.17 365,000.00 8,943.07 365,000.00 09/29/2309/26/23Aa3A+ 365,000.00 17325FBB3 5.80
CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
434,638.22 419,852.88 10,168.15 423,026.10 05/03/2405/01/24Aa3A+ 415,000.00 17325FBB3 5.30 Account 20240100 Page 10PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
32 For the Month Ending February 28, 2026Managed 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
BANK OF AMERICA CORP (CALLABLE)
DTD 01/24/2025 4.979% 01/24/2029
290,091.81 287,174.81 1,458.43 288,157.80 04/02/2504/01/25A1A- 285,000.00 06051GMK2 4.66
ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
60,058.08 59,785.67 111.00 59,782.20 02/13/2602/09/26Aa2AA+ 60,000.00 02079KBJ5 3.83
ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
65,062.92 64,931.68 120.25 64,930.45 02/13/2602/10/26Aa2AA+ 65,000.00 02079KBJ5 3.74
ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
65,062.92 64,936.72 120.25 64,935.65 02/13/2602/10/26Aa2AA+ 65,000.00 02079KBJ5 3.74
ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
385,372.68 384,614.54 712.25 384,607.30 02/13/2602/10/26Aa2AA+ 385,000.00 02079KBJ5 3.74
CATERPILLAR FINL SERVICE
DTD 02/24/2026 3.750% 02/23/2029
275,176.83 274,639.32 200.52 274,637.00 02/24/2602/18/26A2A 275,000.00 14913UBJ8 3.80
CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
133,877.38 133,112.07 87.57 133,412.50 11/13/2511/12/25A1AA- 130,000.00 17275RBR2 3.99
ASTRAZENECA FINANCE LLC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
233,896.26 231,182.58 152.91 232,087.07 06/27/2506/26/25A1A+ 227,000.00 04636NAL7 4.18
BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
35,923.93 34,959.87 763.10 34,936.65 03/14/2403/05/24Aa3AA- 35,000.00 09290DAA9 4.74
BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
284,312.25 276,172.79 6,039.37 275,714.72 04/11/2404/09/24Aa3AA- 277,000.00 09290DAA9 4.81
MASTERCARD INC (CALLABLE)
DTD 05/31/2019 2.950% 06/01/2029
292,419.30 283,274.56 2,212.50 275,595.00 06/27/2406/26/24Aa3A+ 300,000.00 57636QAM6 4.82
PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
189,334.18 184,799.94 1,017.50 184,713.25 07/17/2407/15/24A1A+ 185,000.00 713448FX1 4.53
TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
51,120.10 49,927.77 139.03 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
117,576.23 114,906.23 319.76 114,867.75 08/09/2408/07/24A1A+ 115,000.00 89236TMK8 4.58 Account 20240100 Page 11PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
33 For the Month Ending February 28, 2026Managed 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
TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
132,912.26 129,619.85 361.47 129,465.70 08/09/2408/08/24A1A+ 130,000.00 89236TMK8 4.64
ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
65,894.72 64,898.72 128.92 64,857.65 08/14/2408/12/24Aa3A+ 65,000.00 532457CQ9 4.25
ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
233,165.95 230,239.52 456.17 230,335.80 08/14/2408/13/24Aa3A+ 230,000.00 532457CQ9 4.17
BANK OF NY MELLON CORP (CALLABLE)
DTD 01/22/2026 4.026% 01/22/2030
50,082.95 50,000.00 218.08 50,000.00 01/22/2601/14/26Aa3A 50,000.00 06406RCG0 4.03
PEPSICO INC (CALLABLE)
DTD 02/07/2025 4.600% 02/07/2030
92,538.99 89,878.34 276.00 89,848.80 02/07/2502/05/25A1A+ 90,000.00 713448GB8 4.64
MORGAN STANLEY PVT BANK (CALLABLE)
DTD 02/02/2026 4.213% 02/08/2030
241,141.44 240,082.69 814.51 240,084.00 02/05/2602/04/26Aa3A+ 240,000.00 61776NU43 4.20
JPMORGAN CHASE & CO (CALLABLE)
DTD 04/22/2024 5.581% 04/22/2030
469,984.05 461,251.59 8,999.36 463,999.50 04/28/2504/25/25A1A 450,000.00 46647PEG7 4.87
BLACKROCK INC (CALLABLE)
DTD 01/27/2020 2.400% 04/30/2030
283,294.20 278,343.28 2,420.00 275,166.00 06/27/2506/26/25Aa3AA- 300,000.00 09247XAQ4 4.31
NOVARTIS CAPITAL CORP (CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
563,691.52 558,420.57 7,398.22 558,320.00 11/05/2511/03/25Aa3AA- 560,000.00 66989HAY4 4.17
CATERPILLAR FINL SERVICE
DTD 01/08/2026 4.150% 01/08/2031
40,330.04 39,986.07 244.39 39,985.60 01/08/2601/05/26A2A 40,000.00 14913UBH2 4.16
TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
176,568.00 175,000.00 991.20 175,000.00 01/13/2601/06/26Aa3A+ 175,000.00 89158TAA7 4.25
TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
237,105.60 235,541.79 1,331.04 235,554.60 01/13/2601/07/26Aa3A+ 235,000.00 89158TAA7 4.20 81,629.33 9,755,296.03 9,645,518.75 4.28 9,609,245.79 9,674,000.00 Security Type Sub-Total Certificate of Deposit
COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
362,199.24 360,000.00 2,235.20 360,000.00 07/20/2307/17/23P-1A-1 360,000.00 21684LGS5 5.08 Account 20240100 Page 12PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
34 For the Month Ending February 28, 2026Managed 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
Certificate of Deposit
2,235.20 362,199.24 360,000.00 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
558,060.27 554,888.62 2,016.50 554,239.65 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
376,637.80 370,314.40 5,374.04 370,780.70 05/31/2405/30/24Aa3A+ 370,000.00 61690U8B9 5.45 7,390.54 934,698.07 925,203.02 5.48 925,020.35 925,000.00 Security Type Sub-Total Asset-Backed Security
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
103,038.46 102,352.31 199.97 102,340.44 08/22/2308/15/23NRAAA 102,361.55 43815QAC1 5.42 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
39,419.97 39,171.79 89.84 39,166.97 08/15/2308/08/23NRAAA 39,175.82 89231FAD2 5.17 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
54,411.62 53,844.43 132.58 53,841.71 11/14/2311/07/23NRAAA 53,847.51 89239FAD4 5.54 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
133,492.65 132,461.86 325.57 132,457.70 08/23/2308/15/23AaaAAA 132,465.91 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
302,202.30 299,955.12 688.00 299,916.84 09/15/2309/07/23NRAAA 300,000.00 161571HT4 5.17 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
312,440.63 309,992.64 720.58 309,986.14 09/19/2309/12/23NRAAA 310,000.00 02582JKD1 5.23 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
70,750.79 70,044.82 172.48 70,040.73 11/13/2311/03/23NRAAA 70,049.94 44918CAD4 5.54 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
136,151.82 134,989.77 298.80 134,981.87 12/14/2312/07/23AaaNR 135,000.00 05522RDH8 4.98 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
24,979.68 24,821.77 50.17 24,819.76 01/17/2401/09/24AaaNR 24,824.75 36268GAD7 4.85 Account 20240100 Page 13PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
35 For the Month Ending February 28, 2026Managed 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
Asset-Backed Security
CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/15/2029
332,576.64 329,969.87 674.67 329,949.74 01/31/2401/24/24NRAAA 330,000.00 161571HV9 4.60 HAROT 2025-1 A3
DTD 02/11/2025 4.570% 09/21/2029
288,154.95 284,993.46 361.79 284,991.22 02/11/2502/04/25NRAAA 285,000.00 43814VAC1 4.57 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
246,955.10 244,971.30 470.40 244,963.86 03/12/2503/04/25NRAAA 245,000.00 44935CAD3 4.32 TAOT 2025-B A3
DTD 04/30/2025 4.340% 11/15/2029
151,398.90 149,993.34 289.33 149,991.41 04/30/2504/24/25NRAAA 150,000.00 89231HAD8 4.34 HART 2025-B A3
DTD 06/11/2025 4.360% 12/17/2029
96,045.29 94,992.70 184.09 94,991.42 06/11/2506/03/25NRAAA 95,000.00 44935XAD7 4.36 USAOT 2025-A A3
DTD 10/09/2025 3.950% 12/17/2029
95,412.87 94,992.65 166.78 94,991.66 10/09/2510/02/25AaaAAA 95,000.00 90327HAC3 3.95 HAROT 2025-3 A3
DTD 08/12/2025 4.040% 02/21/2030
231,463.95 229,995.79 258.11 229,995.19 08/12/2508/05/25AaaAAA 230,000.00 43813QAD1 4.04 ALLYA 2025-1 A3
DTD 10/16/2025 3.960% 03/15/2030
80,376.96 79,989.57 140.80 79,988.58 10/16/2510/07/25NRAAA 80,000.00 02008KAC7 3.96 TAOT 2025-C A3
DTD 07/30/2025 4.110% 03/15/2030
166,309.61 164,984.67 301.40 164,982.61 07/30/2507/22/25AaaAAA 165,000.00 89238VAD0 4.11 HART 2025-C A3
DTD 09/17/2025 3.880% 04/15/2030
200,826.00 199,971.09 344.89 199,967.36 09/17/2509/09/25NRAAA 200,000.00 44935JAD8 3.88 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
65,503.43 64,991.90 115.92 64,990.43 05/14/2505/06/25AaaAAA 65,000.00 362549AD9 4.28 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
187,785.36 185,000.00 354.38 184,999.30 06/12/2506/05/25NRAAA 185,000.00 05522RDK1 4.31 HAROT 2025-4 A3
DTD 11/12/2025 3.980% 06/17/2030
181,158.84 179,967.37 318.40 179,965.15 11/12/2511/05/25NRAAA 180,000.00 43814XAD5 3.98 TAOT 2025-D A3
DTD 10/23/2025 3.840% 06/17/2030
210,786.87 209,977.59 358.40 209,975.85 10/23/2510/15/25NRAAA 210,000.00 89231GAD0 3.84 Account 20240100 Page 14PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
36 For the Month Ending February 28, 2026Managed 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
Asset-Backed Security
CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
405,852.80 399,905.06 3,344.44 399,891.48 06/26/2506/18/25AaaAAA 400,000.00 17305EHA6 4.31 COPAR 2025-1 A3
DTD 11/05/2025 3.850% 07/15/2030
95,314.07 94,981.30 162.56 94,979.88 11/05/2510/28/25NRAAA 95,000.00 14043YAD7 3.85 AMXCA 2025-4 A
DTD 07/22/2025 4.300% 07/15/2030
228,406.05 224,971.35 430.00 224,967.58 07/22/2507/15/25NRAAA 225,000.00 02582JKV1 4.30 CHAIT 2025-A1 A
DTD 07/25/2025 4.160% 07/15/2030
324,091.20 319,994.89 591.64 319,993.57 07/25/2507/18/25NRAAA 320,000.00 161571HZ0 4.16 COMET 2025-A1 A
DTD 09/16/2025 3.820% 09/15/2030
251,231.75 249,957.35 424.44 249,952.60 09/16/2509/09/25NRAAA 250,000.00 14041NGF2 3.82 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
100,475.70 99,991.68 171.56 99,991.48 01/21/2601/13/26AaaAAA 100,000.00 89240KAD0 3.86 HART 2025-D A3
DTD 11/12/2025 3.990% 09/16/2030
186,329.78 184,985.42 328.07 184,984.35 11/12/2511/05/25NRAAA 185,000.00 44891XAD9 3.99 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
55,112.64 54,991.49 75.08 54,991.24 02/18/2602/10/26AaaNR 55,000.00 43815CAD0 3.78 CHAOT 2025-2A A3
DTD 10/29/2025 3.860% 10/25/2030
130,389.74 129,995.58 83.63 129,994.85 10/29/2510/17/25AaaNR 130,000.00 16144MAD6 3.86 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
60,154.56 59,996.20 82.12 59,995.95 02/18/2602/10/26NRAAA 60,000.00 448981AD2 3.79 12,710.89 5,549,000.98 5,502,196.13 4.39 5,502,038.92 5,502,725.49 Security Type Sub-Total 41,769,940.13 41,362,197.53 4.24 244,891.38 41,622,866.56 42,179,334.09 Managed Account Sub-Total $41,769,940.13 $41,362,197.53 $244,891.38 $41,622,866.56 $42,179,334.09 4.24% $42,424,225.47
$244,891.38
Total Investments
Accrued Interest
Securities Sub-Total
Account 20240100 Page 15PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
37 For the Month Ending February 28, 2026Managed 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
(1,662.11) 15,967.16 212,592.16 96.63 Nomura 220,000.00 912828ZN3US TREASURY N/B DTD 04/30/2020 0.500% 04/30/2027
3.47 1.14
1,122.10 528.58 167,023.89 101.23 BNP Sec 165,000.00 91282CKZ3US TREASURY N/B DTD 07/15/2024 4.375% 07/15/2027
3.45 1.32
(1,684.76) 36,750.07 1,032,240.30 98.31 HSBC 1,050,000.00 9128282R0US TREASURY N/B DTD 08/15/2017 2.250% 08/15/2027
3.45 1.42
1,973.01 2,658.01 156,646.88 101.06 BOFAML 155,000.00 91282CFM8US TREASURY N/B DTD 09/30/2022 4.125% 09/30/2027
3.43 1.50
2,460.30 (1,024.20) 384,260.18 101.12 Nomura 380,000.00 91282CFU0US TREASURY N/B DTD 10/31/2022 4.125% 10/31/2027
3.42 1.59
3,481.88 77,217.09 724,434.28 95.32 WellsFar 760,000.00 91282CAU5US TREASURY N/B DTD 11/02/2020 0.500% 10/31/2027
3.53 1.64
3,518.82 2,066.19 579,447.05 100.77 Citigrou 575,000.00 91282CFZ9US TREASURY N/B DTD 11/30/2022 3.875% 11/30/2027
3.41 1.67
2,466.20 (589.16) 524,285.84 100.82 WellsFar 520,000.00 91282CGC9US TREASURY N/B DTD 01/03/2023 3.875% 12/31/2027
3.41 1.75
139.35 16,206.96 214,075.12 95.14 GoldmanS 225,000.00 91282CBJ9US TREASURY N/B DTD 02/01/2021 0.750% 01/31/2028
3.38 1.88
581.89 23,723.93 271,161.82 95.14 Nomura 285,000.00 91282CBJ9US TREASURY N/B DTD 02/01/2021 0.750% 01/31/2028
3.38 1.88
1,597.27 2,261.68 101,152.30 101.15 TD Secur 100,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028
3.40 1.91
36.11 15,010.95 248,939.86 95.75 BNPPSA 260,000.00 91282CBS9US TREASURY N/B DTD 03/31/2021 1.250% 03/31/2028
3.51 2.02
165.36 267.21 40,087.52 100.22 BOFAML 40,000.00 91282CHA2US TREASURY N/B DTD 05/01/2023 3.500% 04/30/2028
3.39 2.05
2,610.15 2,537.46 564,221.84 100.75 Citigrou 560,000.00 91282CND9US TREASURY N/B DTD 05/15/2025 3.750% 05/15/2028
3.39 2.08
321.29 345.69 49,662.10 99.32 MorganSt 50,000.00 9128285M8US TREASURY N/B DTD 11/15/2018 3.125% 11/15/2028
3.39 2.55
3,989.02 3,903.74 119,155.30 103.61 WellsFar 115,000.00 91282CKP5US TREASURY N/B DTD 04/30/2024 4.625% 04/30/2029
3.41 2.89
3,509.67 3,128.13 134,306.25 103.31 JPMorgan 130,000.00 91282CKT7US TREASURY N/B DTD 05/31/2024 4.500% 05/31/2029
3.53 2.98
Account 20240100 Page 16PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
38 For the Month Ending February 28, 2026Managed 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
4,223.23 4,195.98 169,286.21 102.60 Citigrou 165,000.00 91282CKX8US TREASURY N/B DTD 07/01/2024 4.250% 06/30/2029
3.42 3.07
11,503.23 12,290.21 384,741.38 102.60 HSBC 375,000.00 91282CKX8US TREASURY N/B DTD 07/01/2024 4.250% 06/30/2029
3.42 3.07
544.52 462.52 40,740.64 101.85 Citigrou 40,000.00 91282CLC3US TREASURY N/B DTD 07/31/2024 4.000% 07/31/2029
3.42 3.17
5,185.08 4,555.86 1,096,812.50 100.63 Citigrou 1,090,000.00 91282CLK5US TREASURY N/B DTD 09/03/2024 3.625% 08/31/2029
3.43 3.27
2,121.17 2,499.78 501,074.00 100.21 TD Secur 500,000.00 91282CLN9US TREASURY N/B DTD 09/30/2024 3.500% 09/30/2029
3.44 3.30
7,806.21 8,289.78 276,285.87 102.33 TD Secur 270,000.00 91282CLR0US TREASURY N/B DTD 10/31/2024 4.125% 10/31/2029
3.44 3.34
7,540.58 7,722.58 306,984.30 102.33 HSBC 300,000.00 91282CLR0US TREASURY N/B DTD 10/31/2024 4.125% 10/31/2029
3.44 3.34
6,539.36 6,418.65 301,948.73 102.36 WellsFar 295,000.00 91282CMA6US TREASURY N/B DTD 12/02/2024 4.125% 11/30/2029
3.45 3.43
29,176.68 29,574.64 872,693.19 103.28 BNP Sec 845,000.00 91282CMD0US TREASURY N/B DTD 12/31/2024 4.375% 12/31/2029
3.58 3.50
23,004.38 23,534.18 745,843.75 102.88 BNP Sec 725,000.00 91282CMG3US TREASURY N/B DTD 01/31/2025 4.250% 01/31/2030
3.46 3.59
23,452.25 22,953.61 1,325,695.80 101.98 Nomura 1,300,000.00 91282CGQ8US TREASURY N/B DTD 02/28/2023 4.000% 02/28/2030
3.47 3.68
14,335.37 13,575.00 923,100.00 102.00 BNP Sec 905,000.00 91282CMU2US TREASURY N/B DTD 03/31/2025 4.000% 03/31/2030
3.60 3.69
15,898.02 17,110.79 793,187.55 101.04 HSBC 785,000.00 91282CHF1US TREASURY N/B DTD 05/31/2023 3.750% 05/31/2030
3.48 3.87
3,689.24 3,584.78 289,442.01 101.56 Citigrou 285,000.00 91282CNK3US TREASURY N/B DTD 06/30/2025 3.875% 06/30/2030
3.48 3.94
11,825.14 12,398.85 1,186,130.10 100.52 Nomura 1,180,000.00 91282CNX5US TREASURY N/B DTD 09/02/2025 3.625% 08/31/2030
3.62 4.13
731.48 753.11 80,409.36 100.51 JPMorgan 80,000.00 91282CPA3US TREASURY N/B DTD 09/30/2025 3.625% 09/30/2030
3.62 4.14
6,941.74 7,136.55 904,605.30 100.51 Citigrou 900,000.00 91282CPA3US TREASURY N/B DTD 09/30/2025 3.625% 09/30/2030
3.62 4.14
Account 20240100 Page 17PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
39 For the Month Ending February 28, 2026Managed 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
2,256.12 2,371.82 459,748.38 99.95 GoldmanS 460,000.00 91282CPN5US TREASURY N/B DTD 12/01/2025 3.500% 11/30/2030
3.51 4.31
1,122.43 1,139.02 120,553.08 100.46 HSBC 120,000.00 91282CPR6US TREASURY N/B DTD 12/31/2025 3.625% 12/31/2030
3.52 4.39
3,770.90 3,772.17 373,757.72 101.02 Nomura 370,000.00 91282CPW5US TREASURY N/B DTD 02/02/2026 3.750% 01/31/2031
3.64 4.46
12,605.68 12,646.25 934,394.30 101.02 Barclays 925,000.00 91282CPW5US TREASURY N/B DTD 02/02/2026 3.750% 01/31/2031
3.64 4.46
397,945.62 3.50 218,898.36 17,611,126.86 17,505,000.00 Security Type Sub-Total 3.13 Federal Agency Commercial Mortgage-Backed Security
437.77 6,556.34 250,228.09 99.53 Citigrou 251,410.48 3137BTUM1FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026
3.76 0.65
4,214.57 19,785.77 387,665.46 99.40 MorganSt 390,000.00 3137BXQY1FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027
3.74 0.88
2,551.40 11,201.62 218,628.96 99.38 MorganSt 220,000.00 3137F1G44FHMS K065 A2 DTD 07/01/2017 3.243% 04/01/2027
3.74 1.03
4,969.77 19,673.54 342,302.45 99.22 CantorFi 345,000.00 3137F2LJ3FHMS K066 A2 DTD 08/01/2017 3.117% 06/01/2027
3.75 1.13
8,059.14 10,499.87 322,719.80 101.74 BOFAML 317,197.71 3137HAMR4FHMS K507 A1 DTD 09/01/2023 4.800% 04/01/2028
3.83 1.80
4,538.01 5,901.15 187,907.20 101.70 WellsFar 184,769.26 3137HAMG8FHMS K506 A1 DTD 09/01/2023 4.650% 05/01/2028
3.72 1.83
2,344.26 2,348.13 294,903.37 100.80 JPMorgan 292,562.58 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028
4.05 1.27
5,965.94 4,059.72 367,655.40 102.13 JPMorgan 360,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028
3.82 2.06
6,063.64 9,084.47 346,986.55 100.95 JPMorgan 343,729.37 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.181% 07/01/2028
3.79 2.20
1,334.36 1,334.64 104,785.87 101.29 JPMorgan 103,451.75 3137HAMN3FHMS KJ47 A1 DTD 09/01/2023 5.272% 08/01/2028
4.03 1.18
10,664.08 13,246.87 382,699.50 102.05 WellsFar 375,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028
3.63 2.22
Account 20240100 Page 18PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
40 For the Month Ending February 28, 2026Managed 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
12,797.95 16,587.38 388,251.70 102.17 BMO 380,000.00 3137HAQ74FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028
3.83 2.24
12,616.01 16,542.25 292,455.60 102.62 MorganSt 285,000.00 3137HAST4FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028
3.79 2.33
11,057.90 13,023.63 378,601.02 102.32 BOFAML 370,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028
3.84 2.28
4,919.12 5,099.21 149,680.02 103.23 JPMorgan 145,000.00 3137HB3D4FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028
3.76 2.36
6,122.26 6,379.38 215,776.05 102.75 BOFAML 210,000.00 3137HB3G7FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028
3.78 2.39
4,468.87 3,790.77 180,519.30 103.10 JPMorgan 175,093.50 3137HBCF9FHMS K512 A2 DTD 12/01/2023 5.000% 11/01/2028
3.78 2.40
4,083.80 3,223.06 220,370.70 102.50 BMO 215,000.00 3137HBFY5FHMS K513 A2 DTD 01/01/2024 4.724% 12/01/2028
3.79 2.53
3,102.90 2,232.78 224,432.56 102.01 JPMorgan 220,000.00 3137HBLV4FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028
3.83 2.48
7,846.34 4,077.29 349,122.60 104.22 BOFAML 335,000.00 3137HC2C5FHMS K517 A2 DTD 03/01/2024 5.355% 01/01/2029
3.85 2.64
9,929.84 6,076.50 391,179.00 104.31 WellsFar 375,000.00 3137HBPD0FHMS K515 A2 DTD 02/01/2024 5.400% 01/01/2029
3.79 2.54
9,608.15 5,370.37 391,619.25 104.43 MorganSt 375,000.00 3137HBPM0FHMS K516 A2 DTD 03/01/2024 5.477% 01/01/2029
3.85 2.58
7,685.80 7,106.88 329,072.00 102.84 PIER 320,000.00 3137HDV56FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029
3.82 2.92
6,335.76 5,391.05 358,664.95 102.48 BMO 350,000.00 3137HDXL9FHMS K526 A2 DTD 08/01/2024 4.543% 07/01/2029
3.82 3.08
3,764.74 2,715.43 211,812.77 103.32 MorganSt 205,000.00 3137HH6C0FHMS K529 A2 DTD 10/01/2024 4.791% 09/01/2029
3.84 3.19
11,754.85 11,282.00 413,364.80 103.34 JPMorgan 400,000.00 3137HHJL6FHMS K530 A2 DTD 11/01/2024 4.792% 09/01/2029
3.84 3.21
2,055.52 1,711.58 265,607.94 102.16 BMO 260,000.00 3137HN4R6FHMS K546 A2 DTD 09/01/2025 4.361% 05/01/2030
3.88 3.74
214,301.68 3.81 169,292.75 7,967,012.91 7,803,214.64 Security Type Sub-Total 2.22 Account 20240100 Page 19PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
41 For the Month Ending February 28, 2026Managed 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
(3,284.37)(7,936.15) 462,220.70 99.40 05/08/26Citigrou 465,000.00 594918BR4MICROSOFT CORP (CALLABLE) DTD 08/08/2016 2.400% 08/08/2026
3.84 0.43
1,163.90 200.20 276,330.45 100.48 TD Secur 275,000.00 69371RS56PACCAR FINANCIAL CORP DTD 08/10/2023 5.050% 08/10/2026
3.93 0.44
2,253.52 4,363.50 301,837.50 100.61 07/17/26Citigrou 300,000.00 06428CAA2BANK OF AMERICA NA (CALLABLE) DTD 08/18/2023 5.526% 08/18/2026
4.17 0.38
(740.75)(670.65) 49,244.35 98.49 12/15/26Citigrou 50,000.00 87612EBM7TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027
3.73 0.86
(3,526.33)(3,408.21) 231,448.44 98.49 12/15/26Barclays 235,000.00 87612EBM7TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027
3.73 0.86
(5,060.63)(5,946.93) 325,115.67 98.52 12/24/26JPMorgan 330,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) DTD 01/26/2022 2.050% 01/26/2027
3.73 0.88
1,066.96 24,996.00 394,236.00 98.56 12/01/26CSFirstB 400,000.00 00724PAC3ADOBE INC (CALLABLE) DTD 02/03/2020 2.150% 02/01/2027
3.76 0.90
642.70 (1,306.00) 401,210.00 100.30 05/21/26WellsFar 400,000.00 38151LAG5GOLDMAN SACHS BANK USA (CALLABLE) DTD 05/21/2024 5.414% 05/21/2027
4.36 0.22
2,399.71 17,101.50 385,101.60 98.74 06/14/27Citigrou 390,000.00 437076BT8HOME DEPOT INC (CALLABLE) DTD 09/14/2017 2.800% 09/14/2027
3.78 1.42
2,923.67 5,856.24 239,025.84 99.59 02/07/27Citigrou 240,000.00 06406RAB3BANK OF NY MELLON CORP (CALLABLE) DTD 02/07/2017 3.442% 02/07/2028
4.51 0.92
1,328.56 67.10 225,261.30 102.39 02/22/28JPMorgan 220,000.00 49177JAF9KENVUE INC (CALLABLE) DTD 10/17/2023 5.050% 03/22/2028
3.83 1.85
2,123.86 1,576.54 142,510.34 101.79 04/22/27JANE 140,000.00 46647PEE2JPMORGAN CHASE & CO (CALLABLE) DTD 04/22/2024 5.571% 04/22/2028
4.25 1.08
3,616.51 3,714.50 128,528.25 102.82 Citigrou 125,000.00 24422EXB0JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028
3.76 2.21
3,266.98 2,196.90 154,233.90 102.82 SGSA 150,000.00 24422EXB0JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028
3.76 2.21
1,231.86 1,260.31 156,086.71 100.70 07/25/28MUFG 155,000.00 63743HFZ0NATIONAL RURAL UTIL COOP (CALLABLE) DTD 08/25/2025 4.150% 08/25/2028
3.85 2.30
17,272.17 17,272.17 382,272.17 104.73 08/29/28Citigrou 365,000.00 17325FBB3CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028
3.95 2.28
14,785.34 11,612.12 434,638.22 104.73 08/29/28Citigrou 415,000.00 17325FBB3CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028
3.95 2.28
Account 20240100 Page 20PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
42 For the Month Ending February 28, 2026Managed 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
2,917.00 1,934.01 290,091.81 101.79 01/24/28Citigrou 285,000.00 06051GMK2BANK OF AMERICA CORP (CALLABLE) DTD 01/24/2025 4.979% 01/24/2029
4.24 1.80
272.41 275.88 60,058.08 100.10 01/15/29JPMorgan 60,000.00 02079KBJ5ALPHABET INC (CALLABLE) DTD 02/13/2026 3.700% 02/15/2029
3.66 2.74
131.24 132.47 65,062.92 100.10 01/15/29SEEL 65,000.00 02079KBJ5ALPHABET INC (CALLABLE) DTD 02/13/2026 3.700% 02/15/2029
3.66 2.74
126.20 127.27 65,062.92 100.10 01/15/29StifelNi 65,000.00 02079KBJ5ALPHABET INC (CALLABLE) DTD 02/13/2026 3.700% 02/15/2029
3.66 2.74
758.14 765.38 385,372.68 100.10 01/15/29JPMorgan 385,000.00 02079KBJ5ALPHABET INC (CALLABLE) DTD 02/13/2026 3.700% 02/15/2029
3.66 2.74
537.51 539.83 275,176.83 100.06 Barclays 275,000.00 14913UBJ8CATERPILLAR FINL SERVICE DTD 02/24/2026 3.750% 02/23/2029
3.73 2.80
765.31 464.88 133,877.38 102.98 01/26/29Citigrou 130,000.00 17275RBR2CISCO SYSTEMS INC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029
3.78 2.72
2,713.68 1,809.19 233,896.26 103.04 01/26/29JPMorgan 227,000.00 04636NAL7ASTRAZENECA FINANCE LLC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029
3.87 2.72
964.06 987.28 35,923.93 102.64 02/14/29Citigrou 35,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029
3.92 2.71
8,139.46 8,597.53 284,312.25 102.64 02/14/29GoldmanS 277,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029
3.92 2.71
9,144.74 16,824.30 292,419.30 97.47 03/01/29Citigrou 300,000.00 57636QAM6MASTERCARD INC (CALLABLE) DTD 05/31/2019 2.950% 06/01/2029
3.86 2.99
4,534.24 4,620.93 189,334.18 102.34 06/17/29Citigrou 185,000.00 713448FX1PEPSICO INC (CALLABLE) DTD 07/17/2024 4.500% 07/17/2029
3.75 3.06
1,192.33 1,221.60 51,120.10 102.24 MIZU 50,000.00 89236TMK8TOYOTA MOTOR CREDIT CORP DTD 08/09/2024 4.550% 08/09/2029
3.85 3.16
2,670.00 2,708.48 117,576.23 102.24 MorganSt 115,000.00 89236TMK8TOYOTA MOTOR CREDIT CORP DTD 08/09/2024 4.550% 08/09/2029
3.85 3.16
3,292.41 3,446.56 132,912.26 102.24 LoopCapM 130,000.00 89236TMK8TOYOTA MOTOR CREDIT CORP DTD 08/09/2024 4.550% 08/09/2029
3.85 3.16
996.00 1,037.07 65,894.72 101.38 07/14/29MorganSt 65,000.00 532457CQ9ELI LILLY & CO (CALLABLE) DTD 08/14/2024 4.200% 08/14/2029
3.77 3.15
2,926.43 2,830.15 233,165.95 101.38 07/14/29JPMorgan 230,000.00 532457CQ9ELI LILLY & CO (CALLABLE) DTD 08/14/2024 4.200% 08/14/2029
3.77 3.15
Account 20240100 Page 21PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
43 For the Month Ending February 28, 2026Managed 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
82.95 82.95 50,082.95 100.17 01/22/29MorganSt 50,000.00 06406RCG0BANK OF NY MELLON CORP (CALLABLE) DTD 01/22/2026 4.026% 01/22/2030
4.13 2.84
2,660.65 2,690.19 92,538.99 102.82 01/07/30MorganSt 90,000.00 713448GB8PEPSICO INC (CALLABLE) DTD 02/07/2025 4.600% 02/07/2030
3.89 3.53
1,058.75 1,057.44 241,141.44 100.48 02/08/29CIDLY 240,000.00 61776NU43MORGAN STANLEY PVT BANK (CALLABLE) DTD 02/02/2026 4.213% 02/08/2030
4.25 2.74
8,732.46 5,984.55 469,984.05 104.44 04/22/29BOFAML 450,000.00 46647PEG7JPMORGAN CHASE & CO (CALLABLE) DTD 04/22/2024 5.581% 04/22/2030
4.31 2.82
4,950.92 8,128.20 283,294.20 94.43 01/30/30FTNF 300,000.00 09247XAQ4BLACKROCK INC (CALLABLE) DTD 01/27/2020 2.400% 04/30/2030
3.97 3.85
5,270.95 5,371.52 563,691.52 100.66 10/05/30JPMorgan 560,000.00 66989HAY4NOVARTIS CAPITAL CORP (CALLABLE) DTD 11/05/2025 4.100% 11/05/2030
4.06 4.15
343.97 344.44 40,330.04 100.83 Citigrou 40,000.00 14913UBH2CATERPILLAR FINL SERVICE DTD 01/08/2026 4.150% 01/08/2031
3.96 4.35
1,568.00 1,568.00 176,568.00 100.90 12/13/30Citigrou 175,000.00 89158TAA7TOTALENERGI CAP USA LLC (CALLABLE) DTD 01/13/2026 4.248% 01/13/2031
4.04 4.32
1,563.81 1,551.00 237,105.60 100.90 12/13/30SMBC 235,000.00 89158TAA7TOTALENERGI CAP USA LLC (CALLABLE) DTD 01/13/2026 4.248% 01/13/2031
4.04 4.32
146,050.24 3.95 109,777.28 9,755,296.03 9,674,000.00 Security Type Sub-Total 2.21 Certificate of Deposit
2,199.24 2,199.24 362,199.24 100.61 RABO UA 360,000.00 21684LGS5COOPERAT RABOBANK UA/NY DTD 07/20/2023 5.080% 07/17/2026
3.44 0.37
2,199.24 3.44 2,199.24 362,199.24 360,000.00 Security Type Sub-Total 0.37 Bank Note
3,171.65 3,820.62 558,060.27 100.55 07/07/26JPMorgan 555,000.00 94988J6D4WELLS FARGO BANK NA (CALLABLE) DTD 08/09/2023 5.450% 08/07/2026
4.15 0.35
6,323.40 5,857.10 376,637.80 101.79 05/26/27MorganSt 370,000.00 61690U8B9MORGAN STANLEY BANK NA (CALLABLE) DTD 05/30/2024 5.504% 05/26/2028
4.24 1.17
9,677.72 4.19 9,495.05 934,698.07 925,000.00 Security Type Sub-Total 0.68 Account 20240100 Page 22PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
44 For the Month Ending February 28, 2026Managed 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
686.15 698.02 103,038.46 100.66 BOFAML 102,361.55 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028
4.02 0.46
248.18 253.00 39,419.97 100.62 BNPPSA 39,175.82 89231FAD2TAOT 2023-C A3 DTD 08/15/2023 5.160% 04/17/2028
3.93 0.49
567.19 569.91 54,411.62 101.05 JPMorgan 53,847.51 89239FAD4TAOT 2023-D A3 DTD 11/14/2023 5.540% 08/15/2028
4.08 0.69
1,030.79 1,034.95 133,492.65 100.78 JPMorgan 132,465.91 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028
4.13 0.54
2,247.18 2,285.46 302,202.30 100.73 JPMorgan 300,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028
3.81 0.53
2,447.99 2,454.49 312,440.63 100.79 Citigrou 310,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028
3.78 0.53
705.97 710.06 70,750.79 101.00 BNPPSA 70,049.94 44918CAD4HART 2023-C A3 DTD 11/13/2023 5.540% 10/16/2028
3.94 0.61
1,162.05 1,169.95 136,151.82 100.85 BOFAML 135,000.00 05522RDH8BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028
3.78 0.69
157.91 159.92 24,979.68 100.62 Barclays 24,824.75 36268GAD7GMCAR 2024-1 A3 DTD 01/17/2024 4.850% 12/18/2028
3.90 0.63
2,606.77 2,626.90 332,576.64 100.78 JPMorgan 330,000.00 161571HV9CHAIT 2024-A1 A DTD 01/31/2024 4.600% 01/15/2029
3.72 0.85
3,161.49 3,163.73 288,154.95 101.11 MUFG 285,000.00 43814VAC1HAROT 2025-1 A3 DTD 02/11/2025 4.570% 09/21/2029
3.75 1.29
1,983.80 1,991.24 246,955.10 100.80 Barclays 245,000.00 44935CAD3HART 2025-A A3 DTD 03/12/2025 4.320% 10/15/2029
3.76 1.33
1,405.56 1,407.49 151,398.90 100.93 Barclays 150,000.00 89231HAD8TAOT 2025-B A3 DTD 04/30/2025 4.340% 11/15/2029
3.76 1.51
1,052.59 1,053.87 96,045.29 101.10 JPMorgan 95,000.00 44935XAD7HART 2025-B A3 DTD 06/11/2025 4.360% 12/17/2029
3.71 1.60
420.22 421.21 95,412.87 100.43 JPMorgan 95,000.00 90327HAC3USAOT 2025-A A3 DTD 10/09/2025 3.950% 12/17/2029
3.71 1.58
1,468.16 1,468.76 231,463.95 100.64 Barclays 230,000.00 43813QAD1HAROT 2025-3 A3 DTD 08/12/2025 4.040% 02/21/2030
3.72 1.79
387.39 388.38 80,376.96 100.47 Barclays 80,000.00 02008KAC7ALLYA 2025-1 A3 DTD 10/16/2025 3.960% 03/15/2030
3.80 1.63
Account 20240100 Page 23PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
45 For the Month Ending February 28, 2026Managed 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
1,324.94 1,327.00 166,309.61 100.79 RBC Capi 165,000.00 89238VAD0TAOT 2025-C A3 DTD 07/30/2025 4.110% 03/15/2030
3.69 1.74
854.91 858.64 200,826.00 100.41 Citigrou 200,000.00 44935JAD8HART 2025-C A3 DTD 09/17/2025 3.880% 04/15/2030
3.69 1.83
511.53 513.00 65,503.43 100.77 TD Secur 65,000.00 362549AD9GMCAR 2025-2 A3 DTD 05/14/2025 4.280% 04/16/2030
3.72 1.31
2,785.36 2,786.06 187,785.36 101.51 BOFAML 185,000.00 05522RDK1BACCT 2025-A1 A DTD 06/12/2025 4.310% 05/15/2030
3.63 2.07
1,191.47 1,193.69 181,158.84 100.64 BOFAML 180,000.00 43814XAD5HAROT 2025-4 A3 DTD 11/12/2025 3.980% 06/17/2030
3.69 1.98
809.28 811.02 210,786.87 100.37 JPMorgan 210,000.00 89231GAD0TAOT 2025-D A3 DTD 10/23/2025 3.840% 06/17/2030
3.68 1.98
5,947.74 5,961.32 405,852.80 101.46 Citigrou 400,000.00 17305EHA6CCCIT 2025-A1 A DTD 06/26/2025 4.300% 06/21/2030
3.63 2.17
332.77 334.19 95,314.07 100.33 JPMorgan 95,000.00 14043YAD7COPAR 2025-1 A3 DTD 11/05/2025 3.850% 07/15/2030
3.72 2.05
3,434.70 3,438.47 228,406.05 101.51 Barclays 225,000.00 02582JKV1AMXCA 2025-4 A DTD 07/22/2025 4.300% 07/15/2030
3.66 2.22
4,096.31 4,097.63 324,091.20 101.28 JPMorgan 320,000.00 161571HZ0CHAIT 2025-A1 A DTD 07/25/2025 4.160% 07/15/2030
3.62 2.22
1,274.40 1,279.15 251,231.75 100.49 WellsFar 250,000.00 14041NGF2COMET 2025-A1 A DTD 09/16/2025 3.820% 09/15/2030
3.64 2.38
484.02 484.22 100,475.70 100.48 BNP Sec 100,000.00 89240KAD0TAOT 2026-A A3 DTD 01/21/2026 3.860% 09/16/2030
3.68 2.20
1,344.36 1,345.43 186,329.78 100.72 BNP Sec 185,000.00 44891XAD9HART 2025-D A3 DTD 11/12/2025 3.990% 09/16/2030
3.68 2.10
121.15 121.40 55,112.64 100.20 MUFG 55,000.00 43815CAD0HAROT 2026-1 A3 DTD 02/18/2026 3.780% 09/23/2030
3.72 2.21
394.16 394.89 130,389.74 100.30 JPMorgan 130,000.00 16144MAD6CHAOT 2025-2A A3 DTD 10/29/2025 3.860% 10/25/2030
3.75 2.09
158.36 158.61 60,154.56 100.26 BOFAML 60,000.00 448981AD2HART 2026-A A3 DTD 02/18/2026 3.790% 02/18/2031
3.71 2.28
46,962.06 3.73 46,804.85 5,549,000.98 5,502,725.49 Security Type Sub-Total 1.56 Account 20240100 Page 24PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
46 For the Month Ending February 28, 2026Managed 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
41,769,940.13 42,179,334.09 817,136.56 556,467.53 3.71 Managed Account Sub-Total 2.46 Total Investments $42,424,225.47
$244,891.38
$42,179,334.09
Accrued Interest
Securities Sub-Total $41,769,940.13 $817,136.56 $556,467.53 3.71% 2.46 Account 20240100 Page 25PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
47 For the Month Ending February 28, 2026Managed 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
02/05/26 US TREASURY N/B
DTD 02/02/2026 3.750% 01/31/2031
91282CPW5 (921,748.05) (479.11) (922,227.16) 925,000.00 02/04/26 02/05/26 MORGAN STANLEY PVT BANK
(CALLABLE)
DTD 02/02/2026 4.213% 02/08/2030
61776NU43 (240,084.00) (84.26) (240,168.26) 240,000.00 02/04/26 02/10/26 US TREASURY N/B
DTD 02/02/2026 3.750% 01/31/2031
91282CPW5 (369,985.55) (383.29) (370,368.84) 370,000.00 02/05/26 02/13/26 ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 (59,782.20) 0.00 (59,782.20) 60,000.00 02/09/26 02/13/26 ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 (384,607.30) 0.00 (384,607.30) 385,000.00 02/10/26 02/13/26 ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 (64,930.45) 0.00 (64,930.45) 65,000.00 02/10/26 02/13/26 ALPHABET INC (CALLABLE)
DTD 02/13/2026 3.700% 02/15/2029
02079KBJ5 (64,935.65) 0.00 (64,935.65) 65,000.00 02/10/26 02/18/26 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
448981AD2 (59,995.95) 0.00 (59,995.95) 60,000.00 02/10/26 02/18/26 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
43815CAD0 (54,991.24) 0.00 (54,991.24) 55,000.00 02/10/26 02/24/26 CATERPILLAR FINL SERVICE
DTD 02/24/2026 3.750% 02/23/2029
14913UBJ8 (274,637.00) 0.00 (274,637.00) 275,000.00 02/18/26 (946.66) (2,496,644.05)(2,495,697.39) 2,500,000.00 Transaction Type Sub-Total
INTEREST
02/01/26 ADOBE INC (CALLABLE)
DTD 02/03/2020 2.150% 02/01/2027
00724PAC3 0.00 4,300.00 4,300.00 02/01/26
02/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,166.00 1,166.00 02/01/26
02/25/26 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
3137HBFY5 0.00 846.38 846.38 02/01/26
02/25/26 FHMS K529 A2
DTD 10/01/2024 4.791% 09/01/2029
3137HH6C0 0.00 818.46 818.46 02/01/26
02/25/26 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 1,480.00 1,480.00 02/01/26
Account 20240100 Page 26PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
48 For the Month Ending February 28, 2026Managed 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
02/25/26 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
3137HC2C5 0.00 1,494.94 1,494.94 02/01/26
02/25/26 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,047.80 1,047.80 02/01/26
02/25/26 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 0.00 1,258.67 1,258.67 02/01/26
02/25/26 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 0.00 896.14 896.14 02/01/26
02/25/26 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 0.00 1,325.04 1,325.04 02/01/26
02/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 0.00 1,247.18 1,247.18 02/01/26
02/25/26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 1,453.13 1,453.13 02/01/26
02/25/26 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 1,461.79 1,461.79 02/01/26
02/25/26 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 850.50 850.50 02/01/26
02/25/26 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 0.00 716.82 716.82 02/01/26
02/25/26 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
3137HBPM0 0.00 1,711.56 1,711.56 02/01/26
02/25/26 FHMS K546 A2
DTD 09/01/2025 4.361% 05/01/2030
3137HN4R6 0.00 944.88 944.88 02/01/26
02/25/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 594.55 594.55 02/01/26
02/25/26 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 0.00 729.64 729.64 02/01/26
02/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 1,445.70 1,445.70 02/01/26
02/25/26 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,151.88 1,151.88 02/01/26
02/25/26 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 838.20 838.20 02/01/26
Account 20240100 Page 27PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
49 For the Month Ending February 28, 2026Managed 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
02/25/26 FHMS K530 A2
DTD 11/01/2024 4.792% 09/01/2029
3137HHJL6 0.00 1,597.33 1,597.33 02/01/26
02/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 0.00 702.72 702.72 02/01/26
02/25/26 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 0.00 1,277.46 1,277.46 02/01/26
02/25/26 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 612.50 612.50 02/01/26
02/25/26 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
3137HBPD0 0.00 1,687.50 1,687.50 02/01/26
02/25/26 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,501.00 1,501.00 02/01/26
02/25/26 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 0.00 456.55 456.55 02/01/26
02/02/26 MONEY MARKET FUND
DTD 01/01/2010 0.000% --
MONEY0002 0.00 384.54 384.54 02/02/26
02/07/26 BANK OF NY MELLON CORP
(CALLABLE)
DTD 02/07/2017 3.442% 02/07/2028
06406RAB3 0.00 4,130.40 4,130.40 02/07/26
02/07/26 WELLS FARGO BANK NA (CALLABLE)
DTD 08/09/2023 5.450% 08/07/2026
94988J6D4 0.00 15,123.75 15,123.75 02/07/26
02/07/26 PEPSICO INC (CALLABLE)
DTD 02/07/2025 4.600% 02/07/2030
713448GB8 0.00 2,070.00 2,070.00 02/07/26
02/08/26 MICROSOFT CORP (CALLABLE)
DTD 08/08/2016 2.400% 08/08/2026
594918BR4 0.00 5,580.00 5,580.00 02/08/26
02/09/26 TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 0.00 6,711.25 6,711.25 02/09/26
02/10/26 PACCAR FINANCIAL CORP
DTD 08/10/2023 5.050% 08/10/2026
69371RS56 0.00 6,943.75 6,943.75 02/10/26
02/14/26 ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 0.00 6,195.00 6,195.00 02/14/26
02/15/26 HART 2025-D A3
DTD 11/12/2025 3.990% 09/16/2030
44891XAD9 0.00 615.13 615.13 02/15/26
Account 20240100 Page 28PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
50 For the Month Ending February 28, 2026Managed 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
02/15/26 USAOT 2025-A A3
DTD 10/09/2025 3.950% 12/17/2029
90327HAC3 0.00 312.71 312.71 02/15/26
02/15/26 HART 2025-C A3
DTD 09/17/2025 3.880% 04/15/2030
44935JAD8 0.00 646.67 646.67 02/15/26
02/15/26 TAOT 2025-B A3
DTD 04/30/2025 4.340% 11/15/2029
89231HAD8 0.00 542.50 542.50 02/15/26
02/15/26 TAOT 2025-C A3
DTD 07/30/2025 4.110% 03/15/2030
89238VAD0 0.00 565.13 565.13 02/15/26
02/15/26 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/15/2029
161571HV9 0.00 1,265.00 1,265.00 02/15/26
02/15/26 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 560.25 560.25 02/15/26
02/15/26 HART 2025-A A3
DTD 03/12/2025 4.320% 10/15/2029
44935CAD3 0.00 882.00 882.00 02/15/26
02/15/26 TAOT 2025-D A3
DTD 10/23/2025 3.840% 06/17/2030
89231GAD0 0.00 672.00 672.00 02/15/26
02/15/26 ALLYA 2025-1 A3
DTD 10/16/2025 3.960% 03/15/2030
02008KAC7 0.00 264.00 264.00 02/15/26
02/15/26 US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 0.00 11,812.50 11,812.50 02/15/26
02/15/26 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
89240KAD0 0.00 257.33 257.33 02/15/26
02/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 667.68 667.68 02/15/26
02/15/26 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
89231FAD2 0.00 184.97 184.97 02/15/26
02/15/26 COPAR 2025-1 A3
DTD 11/05/2025 3.850% 07/15/2030
14043YAD7 0.00 304.79 304.79 02/15/26
02/15/26 HAROT 2025-4 A3
DTD 11/12/2025 3.980% 06/17/2030
43814XAD5 0.00 597.00 597.00 02/15/26
02/15/26 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,290.00 1,290.00 02/15/26
02/15/26 COMET 2025-A1 A
DTD 09/16/2025 3.820% 09/15/2030
14041NGF2 0.00 795.83 795.83 02/15/26
Account 20240100 Page 29PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
51 For the Month Ending February 28, 2026Managed 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
02/15/26 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 0.00 266.75 266.75 02/15/26
02/15/26 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 0.00 350.36 350.36 02/15/26
02/15/26 HART 2025-B A3
DTD 06/11/2025 4.360% 12/17/2029
44935XAD7 0.00 345.17 345.17 02/15/26
02/15/26 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 0.00 664.46 664.46 02/15/26
02/15/26 CHAIT 2025-A1 A
DTD 07/25/2025 4.160% 07/15/2030
161571HZ0 0.00 1,109.33 1,109.33 02/15/26
02/15/26 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,351.08 1,351.08 02/15/26
02/15/26 AMXCA 2025-4 A
DTD 07/22/2025 4.300% 07/15/2030
02582JKV1 0.00 806.25 806.25 02/15/26
02/16/26 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 0.00 108.40 108.40 02/16/26
02/16/26 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 0.00 231.83 231.83 02/16/26
02/18/26 BANK OF AMERICA NA (CALLABLE)
DTD 08/18/2023 5.526% 08/18/2026
06428CAA2 0.00 8,289.00 8,289.00 02/18/26
02/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 513.43 513.43 02/18/26
02/21/26 HAROT 2025-1 A3
DTD 02/11/2025 4.570% 09/21/2029
43814VAC1 0.00 1,085.37 1,085.37 02/21/26
02/21/26 HAROT 2025-3 A3
DTD 08/12/2025 4.040% 02/21/2030
43813QAD1 0.00 774.33 774.33 02/21/26
02/25/26 CHAOT 2025-2A A3
DTD 10/29/2025 3.860% 10/25/2030
16144MAD6 0.00 418.17 418.17 02/25/26
02/25/26 NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 08/25/2025 4.150% 08/25/2028
63743HFZ0 0.00 3,216.25 3,216.25 02/25/26
02/26/26 ASTRAZENECA FINANCE LLC
(CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
04636NAL7 0.00 5,504.75 5,504.75 02/26/26
Account 20240100 Page 30PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
52 For the Month Ending February 28, 2026Managed 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
02/26/26 CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 0.00 3,152.50 3,152.50 02/26/26
02/28/26 US TREASURY N/B
DTD 09/03/2024 3.625% 08/31/2029
91282CLK5 0.00 19,756.25 19,756.25 02/28/26
02/28/26 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 0.00 2,000.00 2,000.00 02/28/26
02/28/26 US TREASURY N/B
DTD 02/28/2023 4.000% 02/28/2030
91282CGQ8 0.00 26,000.00 26,000.00 02/28/26
02/28/26 US TREASURY N/B
DTD 09/02/2025 3.625% 08/31/2030
91282CNX5 0.00 21,387.50 21,387.50 02/28/26
202,319.68 202,319.68 0.00 Transaction Type Sub-Total
PAYDOWNS
02/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 14,191.16 0.00 14,191.16 240.58 119.89 14,191.16 02/01/26 02/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 535.43 0.00 535.43 16.48 3.84 535.43 02/01/26 02/25/26 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 20.44 0.00 20.44 (0.19) (0.11) 20.44 02/01/26 02/25/26 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 2,168.48 0.00 2,168.48 34.03 17.97 2,168.48 02/01/26 02/25/26 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 466.46 0.00 466.46 0.00 0.00 466.46 02/01/26 02/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 341.59 0.00 341.59 0.01 0.00 341.59 02/01/26 02/25/26 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 40.74 0.00 40.74 0.00 0.00 40.74 02/01/26 02/25/26 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 216.65 0.00 216.65 3.24 1.70 216.65 02/01/26 02/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 12,420.48 0.00 12,420.48 0.77 0.38 12,420.48 02/15/26 02/15/26 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 3,932.03 0.00 3,932.03 0.42 0.22 3,932.03 02/15/26 Account 20240100 Page 31PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
53 For the Month Ending February 28, 2026Managed 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
02/15/26 TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
89231FAD2 3,841.02 0.00 3,841.02 0.87 0.40 3,841.02 02/15/26 02/15/26 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 5,840.85 0.00 5,840.85 0.77 0.43 5,840.85 02/15/26 02/16/26 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 1,996.62 0.00 1,996.62 0.40 0.24 1,996.62 02/16/26 02/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 11,523.96 0.00 11,523.96 2.38 1.06 11,523.96 02/18/26
0.00 146.02 299.76 57,535.91 57,535.91 57,535.91 Transaction Type Sub-Total SELL
02/05/26 US TREASURY N/B
DTD 04/30/2024 4.625% 04/30/2029
91282CKP5 246,937.50 2,974.31 249,911.81 6,412.50 6,583.74 FIFO 240,000.00 02/04/26 02/05/26 US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 740,126.95 7,978.94 748,105.89 9,521.48 (5,554.20) FIFO 750,000.00 02/04/26 02/10/26 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 184,714.88 216.32 184,931.20 4,560.71 4,560.17 FIFO 180,154.71 02/05/26 02/10/26 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 189,764.99 222.17 189,987.16 4,741.78 4,741.23 FIFO 185,023.76 02/05/26 02/13/26 US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 571,368.16 5,145.95 576,514.11 11,772.06 13,222.43 FIFO 555,000.00 02/10/26 02/24/26 US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 36,052.73 372.11 36,424.84 735.54 837.42 FIFO 35,000.00 02/20/26 02/24/26 US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 242,068.36 2,498.49 244,566.85 5,122.27 5,747.79 FIFO 235,000.00 02/20/26 19,408.29 30,138.58 42,866.34 2,230,441.86 2,211,033.57 2,180,178.47 Transaction Type Sub-Total (227,127.91) 220,781.31 (6,346.60) 43,166.10 30,284.60 Managed Account Sub-Total Total Security Transactions $43,166.10 ($6,346.60)$220,781.31 ($227,127.91) $30,284.60 Account 20240100 Page 32PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
54 AGENDA STAFF REPORT
City Council Meeting
CONSENT CALENDAR
Agenda Item No. 11.3
April
8, 2026
Approval of Tract Map 39022, Accep+ng Offers of Dedica+on, and Approval of the related Improvement Agreement and
Improvement Securi+es for Public Improvements and the
Affordable Housing Agreement, Located at the Southwest Corner of Archibald Avenue and Grapewin Street
Prepared By:
Jimmy Chung, Public Works Director/City Engineer
Recommended Action(s)
Staff recommends that the City Council:
1 .
Adopt the Resolution approving the final map for Tract No. 39022; and 2 .
Approve a Subdivision Improvement Agreement for related public improvements and authorize the City Manager and the City Clerk to sign said agreement; and 3 .
Accept security in the form of bonds for completion of the related public improvements; and 4 .
Direct the City Clerk to record the Subdivision Improvement Agreement; and 5 .
Approve the Affordable Housing Agreement between Richmond American Homes, and the City of Eastvale.
Summary
The developer, Richmond American Homes of Maryland, Inc. has submi4ed a Subdivision Improvement Agreement and securi5es to guarantee construc5on of the off-site public improvements in the following amounts:
12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
55 Faithful Performance Bond No. 108358763 $1,062,500 Labor and Material Bond No. 108358763 $531,250 Survey Monument Bond No. 108358771 $91,500
The developer has submi4ed the final map for Tract Map 39022 for considera5on of approval. Staff has determined that the final map is in substan5al conformity with the approved Tenta5ve Tract Map and conditions.
The developer has also submi4ed the required Affordable Housing Agreement for approval as to form and execution.
The agreements and bonds are on file in the City Clerk’s Office.
Background
On May 28, 2025, the City Council approved Ves5ng Tenta5ve Tract Map 39022. In addi5on to this ac5on, the City Council also approved as to form the Affordable Housing Agreement (Agreement) between the city and the project developer at that 5me, Warmington Residen5al. The Agreement is required pursuant to Sec5on 120.05.090(g)(1) of the Eastvale Zoning Code, as the applicant elected to u5lize State Density Bonus Law provisions to increase project density in exchange for the inclusion of affordable onsite housing units. Subsequent to the May 28, 2025, en5tlement approval, the project was acquired by a new developer, Richmond American Homes, who is now proceeding with the final map and related requirements. As part of Richmond American Home’s due diligence, their legal counsel has requested minor technical amendments to the Agreement, as such, the Agreement’s form shall be reviewed and approved by City Council once again. A summary of the Agreement’s amendments are as follows:
Recorda5on of the Agreement shall follow the recorda5on of the final map as the final map shall establish the legal lots in which the Agreement is recorded against.
The Agreement shall only be recorded against the four (4) newly created lots dedicated as affordable housing (i.e., Lots 44, 51, 59, 73) rather than against the entire 8.3- acre site.
The Affordable Sales Price for the Low-Income Households shall be updated to reflect the Fiscal Year 25-26 rather than Fiscal Year 24-25.
Environmental
Pursuant to California Environmental Quality Act (CEQA) Guidelines Sec5on 15183, because implementa5on of the proposed project would not result in impacts that are peculiar to the project site and the proposed project would not result in new or more severe impacts to the environment beyond what was previously evaluated and disclosed by the General Plan EIR, no addi5onal environmental review beyond a Sec5on 15183 Exemp5on Report is required for the proposed project. A Section 15183 Exemption Report was prepared for the project.
Strategic Plan Action - Priority Level: N/A
| Target #: E
| Goal #: C
Plans for landscape, roads, and maintenance for the proposed off-site public improvements.
Fiscal Impact
Approval of Tract Map 39022, agreements and securities will not impact the City’s operating budget. 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
56 Prior City Council/Commission Action
On March 19, 2025, Planning Commission approved VTTM 39022.
Attachment(s)
Attachment 1 - Vicinity_Map.docx
Attachment 2 - Reso - TR 39022
Attachment 3 - Subdivision Improvement Agreement
Attachment 4 - Tract Map 39022.pdf
Attachment 5 - Affordable Housing Agreement
12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
951.361.0900 |
eastvaleca.gov
57 Vicinity Map
NOT TO SCALE
Tract Map No. 39022
N
Project Location
58 RESOLUTION NO. 26-XX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, APPROVING THE FINAL MAP FOR TRACT NO. 3 9022, AND AN ASSOCIATED
SUBDIVISION IMPROVEMENT AGREEMENT , AND ACCEPTING OFFERS OF
DEDICATION
WHEREAS, the Tentative Map for Tract No. 3 9022 was approved by the Planning Commission on March 19, 2025; and
WHEREAS, the Subdividers submitted a Final Map to the City’s Engineering Department and reviewed for compliance with the requirements of the Subdivision Map Act, the City’s Subdivision Ordinance, and the conditions of approval for the Tentative Map; and
WHEREAS, the Subdividers have requested the City approve a Subdivision Improvement Agreement in compliance with Government Code section 66462 for the construction of the remaining public improvements required as conditions of approval for the Tentative Map, and hav e provided security for the Subdivision Improvement Agreement in compliance with Government Code section 66499.
NOW, THEREFORE, BE IT RESOLVED AND ORDERED, that the City Council of the City of Eastvale pursuant to Government Code Section 66458, hereby approves the Final Map for Tract No. 39022, a copy of which is attached hereto and incorporated herein by reference, and authorizes the City Clerk to sign the Final Map and cause it to be recorded.
BE IT FURTHER RESOLVED, that the City Council of the City of Eastvale hereby accepts the offers of dedication of Lots “A” (Archibald) in fee for public purposes and/or as part of the City maintained road system, subject to improvements in accordance with City standards.
The City accepts the offer of dedication for public utility purposes along with the right of ingress and egress for emergency vehicles and personnel over the “private streets.”
BE IT FURTHER RESOLVED, that the City Council of the City of Eastvale hereby approves the Subdivision Improvement Agreement for Tract No. 39022 with Richmond American Homes of Maryland , Inc., a copy of which is a ttached hereto and incorporated by reference, accepts the bonds provided as security for the comple tion of the improvements, and authorizes the City Manager to sign said agreement on behalf of the City Council and cause it to be recorded.
59 PASSED, APPROVED AND ADOPTED this 8th day of April, 2026.
Joceyln Yow
Mayor
APPROVED AS TO FORM: ATTEST:
Erica Vega Marc A. Donohue, MMC
City Attorney City Clerk
60 STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) §
CITY OF EASTVALE )
I, Marc A. Donohue, City Clerk of the City of Eastvale, California, do hereby certify that the foregoing City Council Resolution No. 26-XX, was duly adopted by the City Council of the City of Eastvale, California, at a meeting held on the 8th day of April 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Marc A. Donohue, MMC
City Clerk
61 62
63 64
65 66
67 68
69 70
71 72
73 74
75 76
77 78
79 80
CITY OF EASTVALEPUBLIC WORKS DEPARTMENTCITY OF EASTVALEARCHIBALD AVENUESTREET & DRAINAGE IMPROVEMENT PLANS 12/12/2025
WDID No. 8 33C410591
BAS 12/25
2/18/28
81 CITY OF EASTVALEPUBLIC WORKS DEPARTMENTCITY OF EASTVALEARCHIBALD AVENUESTREET & DRAINAGE IMPROVEMENT PLANS 12/12/2025
WDID No. 8 33C410591
BAS 12/25
2/18/28
82 CITY OF EASTVALEPUBLIC WORKS DEPARTMENTCITY OF EASTVALEARCHIBALD AVENUESTREET & DRAINAGE IMPROVEMENT PLANS 12/12/2025
WDID No. 8 33C410591
BAS 12/25
2/18/28
83 CITY OF EASTVALEPUBLIC WORKS DEPARTMENTCITY OF EASTVALEARCHIBALD AVENUESTREET & DRAINAGE IMPROVEMENT PLANS 12/12/2025
WDID No. 8 33C410591
BAS 12/25
2/18/28
84 CITY OF EASTVALEPUBLIC WORKS DEPARTMENTCITY OF EASTVALEARCHIBALD AVENUESTREET & DRAINAGE IMPROVEMENT PLANS 12/12/2025
WDID No. 8 33C410591
BAS 12/25
2/18/28
85 CITY OF EASTVALEPUBLIC WORKS DEPARTMENTCITY OF EASTVALEARCHIBALD AVENUESTREET & DRAINAGE IMPROVEMENT PLANS 12/12/2025
WDID No. 8 33C410591
BAS 12/25
2/18/28
86 CITY OF EASTVALEPUBLIC WORKS DEPARTMENTCITY OF EASTVALEARCHIBALD AVENUESTREET & DRAINAGE IMPROVEMENT PLANS 12/12/2025
WDID No. 8 33C410591
BAS 12/25
2/18/28
87 31FILE NO.TJW ENG. FILE NUMBER:CITY ENGINEERDATEBYMARKCITYAPPR.DATEREVISIONSCITY OF EASTVALEDATE:DATE:RECOMMENDED BY:DATE:DRAWN BY:DATE:DESIGNED BY:CHECKED BY:CITY OF EASTVALESEALTJW ENGINEERING, INC.Traffic Engineering &Transportation Planning Consultants9841 Irvine Center Dr., Suite 200, Irvine, CA 92618t: (949) 878-3509 f: (949) 878-3593www.tjwengineering.comKnow what'sbelow.before you dig.Call R
RSSETIREGERNNo. 69467ILExp. 6/30/26TAVICNAIESOFESPRDEOINLAEINGJSAMOHTWHEATOSEPHFFCALIORTEONAI CITY OF EASTVALESIGNING AND STRIPING & TRAFFIC SIGNAL MODIFICATION PLANARCHIBALD AVENUEATGRAPEWIN STREET & WIND RIVER ROADTRACT 39022 SHEET INDEX:
’
“” “”
TRAFFIC SIGNAL GENERAL NOTES:
WORK TO BE DONE:SPECIFICATIONS:STANDARD DRAWINGS:DECLARATION OF RESPONSIBLE CHARGE:
” ” “”
SIGNING AND STRIPING GENERAL NOTES
TITLE SHEETARCHIBALD AVE AT WIND RIVER RD & GRAPEWIN STSIGNING/STRIPING & SIGNAL MODIFICATION PLAN BAS
10/1/25
2/18/28
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RSSETIREGERNNo. 69467ILExp. 6/30/26TAVICNAIESOFESPRDEOINLAEINGJSAMOHTWHEATOSEPHFFCALIORTEONAISIGNING AND STRIPING PLANARCHIBALD AVE AT WIND RIVER RD & GRAPEWIN STBUMP BAS
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RSSETIREGERNNo. 69467ILExp. 6/30/26TAVICNAIESOFESPRDEOINLAEINGJSAMOHTWHEATOSEPHFFCALIORTEONAIARCHIBALD AVE AT WIND RIVER RD & GRAPEWIN ST ·····
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4916-6832-9872 v1
1 RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:
City of Eastvale
12373 Limonite Ave., Suite 910
Eastvale, CA 91752
Attention: City Clerk
EXEMPT FROM RECORDING FEES PER
GOVERNMENT CODE §27383
Space above this line for Recorder’s use.
APNs:130-070-021, 130-070-015, 130-080-004
AFFORDABLE HOUSING AGREEMENT
AND
DECLARATION OF RESTRICTIVE COVENANTS
by and between
THE CITY OF EASTVALE
and
RICHMOND AMERICAN HOMES OF MARYLAND, INC.
(Density Bonus Below Market-Rate For-Sale Units)
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2 This Affordable Housing Agreement (this “Agreement”) is entered into effective as of ________________, 2026 (the “Effective Date”) by and among the City of Eastvale, a California municipal corporation (“City”), and Richmond American Homes of Maryland, Inc., a Maryland corporation (“Developer”). City and Developer are referred to herein individually as a “Party” and collectively as the “Parties.”
RECITALS
The following recitals are an integral part of this Agreement and are binding on the Parties. Capitalized terms used in these Recitals and elsewhere in this Agreement shall have the meanings ascribed to such terms as set forth in Section 2 below.
A. Developer is the owner of the real property located in the City of Eastvale, Riverside County, California, consisting of approximately 8.3 acres, located at 8312 Grapewin Street and 8330 Archibald Avenue in the City of Eastvale, known as Riverside County Assessor’s Parcel Nos. 130-070-021, 130-070-015, and 130-080-004 and more particularly described in Exhibit A attached hereto (the “Property”).
B. Developer intends to construct a seventy-six (76) unit residential development (the “Project”) on the Property in accordance with City of Eastvale City Council Resolution No. 25-29 adopted on May 28, 2025, approving the Project subject to conditions of approval related to development of the Property and the Project (“Conditions of Approval”).
C. The Project includes the development of four (4) residential units that will be sold to Eligible Households at an Affordable Sales Price in accordance with the state density bonus provisions in Government Code sections 65915 to 65918 (“Density Bonus Law”).
D. This Agreement is intended to satisfy the requirements of the Density Bonus Law, and to regulate and restrict the Project’s Restricted Units for sale to Eligible Purchasers at Affordable Sales Prices. The Parties intend the covenants set forth in this Agreement to run with the land and to be binding upon Developer and Developer’s successors and assigns.
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
1. Recitals Incorporated. The Recitals set forth above are hereby incorporated into this Agreement.
2. Definitions. The following terms shall have the meanings set forth below whenever used in this Agreement or the Exhibits hereto, unless the context clearly indicates otherwise. “Actual Household Size" means the actual number of persons in the applicable household.
“Affordable Housing Cost” means a monthly obligation to pay mortgage payments (principal and interest), property taxes, property insurance, mortgage insurance, utilities, and 121
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3 homeowners’ association dues (if applicable) in an aggregate amount not greater than one-twelfth of thirty percent (30%) of fifty percent (50%) of Area Median Income, adjusted for Household Size Appropriate for the Unit.
“Affordable Sales Price” means the maximum sales price for a Restricted Unit as determined by the City pursuant to Exhibit C that will result in an Affordable Housing Cost for the homebuyer.
"Area Median Income" or "AMI" means the median annual income for Riverside County, California, adjusted for Actual Household Size, as determined by the U.S. Department of Housing and Urban Development pursuant to Section 8 of the United States Housing Act of 1937 and as published from time to time by the State of California Department of Housing and Community Development in Section 6932 of Title 25 of the California Code of Regulations or successor provision published pursuant to California Health and Safety Code Section 50093(c). “City” means the City of Eastvale, California.
“City’s Authorized Representative” means the City Manager of the City of Eastvale. “City Council” means the City Council of the City of Eastvale. “Claims” is defined in Section 10.
“Conditions of Approval” is defined in Recital B.
“Density Bonus Law” is defined in Recital C.
“Developer” is defined in the preamble to this Agreement. Each reference herein to the “Developer” shall mean the Developer and the Developer’s successors and assigns. “Eligible Purchaser” means a person whose annual household Gross Income does not exceed the qualifying limit for Very Low Income Households and who demonstrates to the reasonable satisfaction of the City that they:
(i) Will provide funds (cannot be financed) in the amount of at least three percent (3%) of the purchase price of the Restricted Unit; (ii) Will qualify for and obtain a mortgage loan to finance acquisition of the Restricted Unit in a maximum amount equal to ninety-seven percent (97%) of the sales price plus closing costs; and
(iii) Will, after purchase of a Restricted Unit, have a monthly housing cost (principal, interest, taxes, insurance and homeowner association fees) that does not exceed Affordable Housing Cost.
“Excess Proceeds Note” means the Secured Promissory Note that each purchaser of a Restricted Unit will be required to execute for the benefit of City at the closing for the purchase of the Restricted Unit. The Excess Proceeds Note shall be in a form approved by City. 122
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4 “Gross Income” shall have the meaning set forth in Section 6914 of Title 25 of the California Code of Regulations as such Section may be revised from time to time, and shall mean the combined Gross Income of all adult persons in the applicable household. “Household Size Appropriate for the Unit” means the number of bedrooms in a dwelling unit plus one, consistent with Section 50052.5(h) of the California Health and Safety Code, subject to the application of federal rules and regulations applicable to Project financing sources (if any).
“Indemnitees” is defined in Section 10.
“Map” means the final Subdivision Map for the Property that will be recorded in the Official Records.
“Market-Rate Units” means the residential units to be constructed within the Project that are not Restricted Units.
“Official Records” means the Official Records of the Riverside County Recorder. “Performance Deed of Trust” means the Performance Deed of Trust and Assignment of Rents, that each purchaser of a Restricted Unit will be required to execute for the benefit of City to secure the homebuyer obligations under the Resale Restriction Agreement and the Excess Proceeds Note. The Performance Deed of Trust will be in a form approved by City, and will be recorded in the Official Records at the closing for the sale of each Restricted Unit. “Project” is defined in Recital B.
“Property” is defined in Recital A.
“Resale Restriction Agreement” means the Affordable Housing Resale Restriction Agreement and Option to Purchase that each purchaser of a Restricted Unit will be required to execute at the closing for the purchase of the Restricted Unit. The Resale Restriction Agreement shall be in a form approved and executed by City, and will be recorded in the Official Records against the Restricted Unit at the closing for the sale of the Restricted Unit. “Restricted Units” means the four (4) residential units to be constructed within the Project that are required to be sold at Affordable Sales Price to Eligible Purchasers pursuant to this Agreement.
“Restricted Unit Lots” means the individual lots in the Project that will be created upon final map recordation that are designated for Restricted Units as part of the Project. Specifically, the Restricted Unit Lots are lots 44, 51, 59, and 73, each of which have a three-bedroom, 1,905 square-foot Restricted Unit. At times the Restricted Unit Lots are referred to individually herein as a “Restricted Unit Lot.”
“Site Plan” means the site plan for the Project approved by the City Council in conjunction with its approval of the Project and attached hereto as Exhibit B. The Site Plan depicts the location of the Restricted Units.
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5 “Very Low Income Household” means a household income that does not exceed the qualifying limit of AMI for very low income families for Riverside County, adjusted for Actual Household Size, as described in Section 50105 of the California Health and Safety Code, as published annually for Riverside County pursuant to 25 California Code of Regulations section 6932, or successor provision(s)..
3. Compliance with Conditions of Approval. Developer shall construct the Project in accordance with plans approved by City, and shall satisfy all Conditions of Approval, including without limitation, all contingencies regarding the issuance of permits, entitlements, and certificates of occupancy for the Project, which shall remain in full force and effect and unmodified by this Agreement. Developer shall comply with the Density Bonus Law by selling four (4) residential units developed within the Project to Eligible Households at Affordable Sales Prices in accordance with the terms of this Agreement.
4. Restricted Units, Income Categories.
Developer hereby covenants and agrees for itself
and its successors and assigns, that all of the Restricted Units shall be sold to Eligible Households at Affordable Sales Price in accordance with this Agreement. The Restricted Units shall consist of four (4) three-bedroom units and shall be restricted for sale at Affordable Sales Prices to Eligible Purchasers that qualify as Very Low Income Households. Developer agrees for itself and its successors and assigns to give priority to Eligible Households that currently reside in the City of Eastvale in the purchase of the Restricted Units, to the extent permissible under applicable state and federal laws and regulations. In connection with the sale of each Restricted Unit, the City and the homebuyer will execute a Resale Restriction Agreement that will be recorded against the Restricted Unit, the homebuyer will be obligated to execute and deliver to City an Excess Proceeds Note, and the homebuyer will be obligated to execute a Performance Deed of Trust that will be recorded against the Restricted Unit. Among other requirements, the Resale Restriction Agreement for each Restricted Unit shall provide that the Restricted Unit must be occupied as the homebuyer’s principal residence. Developer shall not sell or transfer any Restricted Unit unless and until the documents described above are executed and approved by City.
5. Phasing; Location; Amenities. The Restricted Units shall be constructed and made available for sale to Eligible Households concurrently with the Market-Rate Units throughout the construction of the Project. The Restricted Units shall not be concentrated in one location within the Project, but instead shall be dispersed throughout the Project, and shall be located as shown on the Site Plan. The Restricted Units shall be comparable to the Market-Rate Units in the Project in their appearance, materials, and exterior and interior finishes, appliances, and fixtures.
The Restricted Units must contain dishwashers, refrigerators, garbage disposals, cooking facilities, and laundry facilities. The City shall have the right to inspect the Restricted Units to determine whether they have been constructed in accordance with this Section. Residents of Restricted Units shall have access to all Project amenities and recreational facilities available to residents of the Project’s Market-Rate Units.
6. Recordation of Agreement; Term. This Agreement shall be recorded in the Official Records against the Restricted Unit Lots in the Project promptly following its execution by all Parties and recordation of the final map for the Project that will create the Restricted Unit Lots.
This Agreement shall remain effective and fully binding regardless of any sale, assignment, 124
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6 transfer, or conveyance of any of the Restricted Unit Lots or Restricted Units or any part thereof or interest therein, and shall remain in effect as to each Restricted Unit Lot until such time that each Restricted Unit is sold at Affordable Sales Prices to Eligible Households in accordance with this Agreement and a Resale Restriction Agreement is recorded against the Restricted Unit Lot.
Upon the sale of a Restricted Unit, this Agreement shall terminate and be of no further force and effect as to that Restricted Unit Lot and the Restricted Unit located thereon that has been sold in accordance with this Agreement, provided that the required Resale Restriction Agreement has been recorded against the Restricted Unit Lot.
7. No Subordination. Developer hereby represents, warrants and covenants that with the exception of easements of record, absent the written consent of City which City may grant or withhold in the exercise of its sole discretion, this Agreement shall not be subordinated in priority to any lien (other than those pertaining to taxes or assessments), encumbrance, or other interest in the Restricted Unit Lots in the Project. If at the time this Agreement is recorded, any interest, lien, or encumbrance has been recorded against any of the Restricted Unit Lots in the Project in position superior to this Agreement, upon the request of City, Developer hereby covenants and agrees to promptly undertake all action necessary to clear such matter from title or to subordinate such interest to this Agreement consistent with the intent of and in accordance with this Section 7, and to provide such evidence thereof as City may reasonably request.
8. Binding on Successors; Covenants Run with the Land. Developer hereby subjects the Restricted Unit Lots to the covenants and restrictions set forth in this Agreement. The Parties hereby declare their express intent that the covenants and restrictions set forth herein shall be deemed covenants running with the land pursuant to California Civil Code §1468, and subject to the provisions of Section 9 below, shall be binding upon and inure to the benefit of the respective heirs, administrators, executors, successors in interest, transferees, and assigns of Developer and City, regardless of any sale, assignment, conveyance or transfer of the Restricted Unit Lots or any part thereof or interest therein. So long as this Agreement remains of record, any conveyance of the Restricted Unit Lots shall be conclusively held to have been delivered and accepted subject the requirements set forth in this Agreement, without regard to whether any party to such transaction has actual knowledge of the restrictions hereof. The burden of this Agreement touches and concerns each of the Restricted Units, the Project and the Property in that the restrictions set forth herein may render the owner’s interest therein less valuable, and they enhance and increase the enjoyment and use of the Project, the Property and the Restricted Units by Eligible Purchasers who will benefit from such covenants and restrictions. Developer agrees for itself and for its successors that in the event that a court of competent jurisdiction determines that the covenants herein do not run with the land, such covenants shall be enforced as equitable servitudes against the Property in favor of City.
9. Reconveyance. Concurrently with the sale of each Restricted Unit to an Eligible Purchaser and recordation of the Resale Restriction Agreement and the Performance Deed of Trust, the Parties shall execute and record appropriate instruments to release and reconvey this Agreement as to such Restricted Unit. Such instrument shall be deposited with the escrow holder with instructions to record it concurrently with the close of escrow for the sale of the Restricted Unit to the Eligible Purchaser. Upon the sale of a Restricted Unit, this Agreement shall terminate as to that Restricted Unit and Restricted Unit Lot, provided that the required Resale Restriction has been recorded, and Developer shall be released from all obligations 125
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7 hereunder except those that expressly survive termination. Nothing contained herein shall terminate Developer's obligations if any, with regard to the construction and quality of the Restricted Units, which obligations shall survive the sale of the Restricted Units and shall terminate only as provided by law.
10. Hold Harmless and Indemnification. To the greatest extent permitted by law, Developer will indemnify, defend (with counsel approved by City) and hold harmless City and its elected and appointed officials, officers, employees, agents, consultants, contractors, and board members (all of the foregoing, collectively the “Indemnitees”) from and against all liability, loss, cost, expense (including without limitation attorneys’ fees and costs of litigation), claim, demand, action, suit, judicial or administrative proceeding, penalty, deficiency, fine, order, and damage (all of the foregoing collectively “Claims”) arising directly or indirectly, in whole or in part, as a result of or in connection with or relating in any manner to the Property, the Project, the Restricted Units, or Developer's performance or non-performance under this Agreement, except to the extent arising from the gross negligence or willful misconduct of the Indemnitees. The provisions of this Section shall survive the expiration or other termination of this Agreement and the release of part or all of the Property from the burdens of this Agreement.
11. Default; Remedies. In the event of any breach of this Agreement, the non-defaulting Party shall provide written notice of default to the Party in default. If the default is not cured within thirty (30) days after delivery of such notice, or in the case where the default cannot be cured within 30 days and the defaulting party does not diligently and continuously pursue a cure of the default until the default is cured, then the non-defaulting Party shall have the right to take legal or other action to enforce this Agreement, including without limitation, bringing an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of such terms and conditions, and/or seeking declaratory relief or damages. Each of the remedies provided herein is cumulative and not exclusive, and each Party may exercise from time to time any rights and remedies available to it under applicable law or in equity, in addition to, and not in lieu of, any rights and remedies expressly provided in this Agreement.
12. Fair Housing; Non-Discrimination. Developer shall comply with all applicable State and federal fair housing laws in the marketing and sale of all residential units in the Project.
Developer shall not restrict the rental, sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, the Project, or any portion thereof, on the basis of race, color, religion, creed, sex, sexual orientation, disability, actual or perceived gender identity, marital status, ancestry, or national origin of any person. Developer covenants for itself and all persons claiming under or through it, and this Agreement is made and accepted upon and subject to the condition that there shall be no discrimination against or segregation of any person or group of persons on account of any basis listed in subdivision (a) or (d) of Section 12955 of the Government Code, as those bases are defined in Sections 12926, 12926.1, subdivision (m) and paragraph (1) of subdivision (p) of Section 12955, and Section 12955.2 of the Government Code, in the sale, lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property or part thereof, nor shall Developer or any person claiming under or through Developer establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in, of, or for the Property or part thereof. Developer shall include such provision in all 126
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8 deeds, leases, contracts and other instruments executed by Developer, and shall enforce the same diligently and in good faith.
13. Mortgagee Protection. No violation of any provision contained herein shall defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value upon all or any portion of the Project or the Property, and the purchaser at any trustee’s sale or foreclosure sale shall not be liable for any violation of any provision hereof occurring prior to the acquisition of title by such purchaser. Such purchaser shall be bound by and subject to this Agreement from and after such trustee’s sale or foreclosure sale.
14. Miscellaneous.
14.1 Notices. Except as otherwise specified herein, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (i) personal delivery, in which case notice is effective upon delivery; (ii) certified or registered mail, return receipt requested, in which case notice shall be deemed delivered upon receipt if delivery is confirmed by a return receipt; or (iii) nationally recognized overnight courier, with charges prepaid or charged to the sender’s account, in which case notice is effective on delivery if delivery is confirmed by the delivery service.
City:
City of Eastvale
12373 Limonite Ave., Ste. 910
Eastvale, CA 91752
Attention: Community Development Director
Developer:
Richmond American Homes of Maryland, Inc.
391 North Main Street, Suite 205
Corona, CA 92880
Attention: Edgar Gomez
14.2 No Third-Party Beneficiaries. This Agreement is not intended to be for the benefit of any person other than the Parties and their permitted successors and assigns.
14.3 Attorneys' Fees. If any legal or administrative action is brought to interpret or enforce the terms of this Agreement, the prevailing party shall be entitled to recover all reasonable attorneys' fees and costs incurred in such action, including without limitation, attorneys’ fees attributable to City’s in-house counsel based upon comparable fees of private attorneys practicing in Riverside County.
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9 14.4 Amendments. This Agreement may be amended, changed, or modified only by an agreement in writing signed by the Parties or their respective permitted successors and recorded in the Official Records.
14.5 No Waiver. Any waiver of any term or provision of this Agreement must be in writing. No waiver shall be implied from any delay or failure by a Party to take action on any breach or default hereunder or to pursue any remedy allowed under this Agreement or applicable law. No failure or delay by a Party at any time to require strict performance of any provision of this Agreement or to exercise any election contained herein or any right, power or remedy hereunder shall be construed as a waiver of any other provision or any succeeding breach of the same or any other provision hereof or a relinquishment for the future of such election.
14.6 Severability. If any provision of this Agreement is held by a court of competent jurisdiction to be invalid or illegal, such invalidity or illegality shall not affect, impair or invalidate any other provision hereof, and such remaining provisions shall remain in full force and effect.
14.7 Headings; Interpretation. The captions used in this Agreement are for convenience only and shall not be considered in the construction or interpretation of any provision hereof. Unless expressly stated otherwise, each reference to a particular Section of this Agreement shall mean all subsections and subparagraphs of such Section. The language of this Agreement shall be construed as a whole according to its fair meaning and not strictly for or against any Party, notwithstanding the drafting of the Agreement by any Party or Party's representative. All references in this Agreement to particular statutes, regulations, ordinances or resolutions of the United States, the State of California, or the City of Eastvale shall be deemed to include the same statute, regulation, ordinance or resolution as hereafter amended or renumbered, or if repealed, to such other provisions as may thereafter govern the same subject.
14.8 Governing Law and Venue. This Agreement shall be construed and enforced in accordance with the laws of the State of California without regard to principles of conflicts of law. Any action to enforce or interpret this Agreement shall be filed and heard in the Superior Court of Riverside County, California, or in the Federal District Court for the Central District of California.
14.9 Authority. Each person executing this Agreement on behalf of a Party represents warrants that he or she has the actual authority to execute and deliver the Agreement on behalf of such Party and that the Agreement is binding on such Party.
14.10 Entire Agreement; Exhibits. This Agreement, together with the Conditions of Approval, contains the entire agreement of Parties with respect to the subject matter hereof, and supersedes all prior oral or written agreements with respect thereto. Exhibits A through C attached hereto are incorporated herein by this reference. The Parties each acknowledge and agree that they have not relied on any representations of the other Parties or their representatives, except to the extent that such representations are expressly set forth herein. 128
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10 14.11 Further Assurances. Each Party shall execute, acknowledge and deliver to the other Parties such other documents and instruments, and take such other actions, as either shall reasonably request as may be necessary to carry out the intent of this Agreement
14.12 Parties Not Co-Venturers; No Agency Relationship. Nothing in this Agreement is intended to or shall establish the Parties as partners, co-venturers, or principal and agent with one another. The relationship of the Parties shall not be construed as a joint venture, equity venture, partnership or any other relationship. City neither undertakes nor assumes any responsibility or duty to Developer (except as expressly provided in this Agreement) or to any third party with respect to the Project. Developer and its agents and employees shall at no time pretend to be or hold themselves out as employees or agents of City, and Developer shall have no authority to act as an agent or to bind City to any obligation.
14.13 Action by the City. Whenever action and/or approval by City is required under this Agreement, such action or approval shall be in writing, and the City’s Authorized Representative or his or her designee may act on and/or approve such matter unless specifically provided otherwise, or the City’s Authorized Representative determines in his or her discretion that such action or approval requires referral to City Council for consideration.
14.14 Non-Liability of City and City Officials, Employees and Agents. No member, official, employee or agent of the City shall be personally liable to Developer or any successor in interest, in the event of any default or breach by the City, or for any amount of money which may become due to Developer, or their respective successors, or for any obligation of City under this Agreement.
14.15 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one agreement.
SIGNATURES ON FOLLOWING PAGES
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11 IN WITNESS WHEREOF, the Parties have executed this Affordable Housing Agreement effective as of the date first written above.
DEVELOPER:
Richmond American Homes of Maryland, Inc.,
a Maryland corporation
________________________
Name: __________________
Title: ___________________
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )
On ____________________, before me, ____________________________, Notary Public, personally appeared _______________________________, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.
WITNESS my hand and official seal.
Signature:
(seal)
[City Signatures on Following Page]
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12 City Signature Page to Affordable Housing Agreement
CITY:
CITY OF EASTVALE, a municipal corporation
__________________________
Mark Orme, City Manager
Approved as to form:
__________________________
Erica Vega, City Attorney
Attest:
__________________________
Marc Donohue, City Clerk
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13 Exhibit A
PROPERTY
Real property situated in the County of Riverside, City of Eastvale, State of California, and described as follows:
LOTS 44, 51, 59, AND 73 OF TRACT NO. 39022, IN THE CITY OF EASTVALE, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY MAP FILED IN BOOK ______ OF MAPS, AT PAGES ______ THROUGH ______, INCLUSIVE IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.
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14 Exhibit B
SITE PLAN
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15 Exhibit C
RESTRICTED UNIT SALE PRICES
Affordable Sales Price Very
Low Income Households
Fiscal Year 2025 - 2026
3-Bedroom $110,000.00
The Affordable Sales Price is based upon Area Median Income for the applicable household income category, the unit size, and an affordability percentage. These figures are combined with an estimated total housing payment. Pricing applies to homes sold within the specified fiscal year. Pricing is subject to adjustment.
134
AGENDA STAFF REPORT
City Council Meeting
CONSENT CALENDAR
Agenda Item No. 11.4
April
8, 2026
Update of the City’s par-cipa-on in the Western Riverside County Transporta-on Uniform Mi-ga-on Fee (TUMF) program,
amendment of Chapter 4.72 of the Eastvale Municipal Code, and amendment of the TUMF Fee Schedule (Second Reading)
Prepared By:
David Murray, City Planner
Recommended Action(s)
Staff recommends that the City Council adopt an ordinance entled: AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, AMENDING CHAPTER 4.72 OF THE EASTVALE
MUNICIPAL CODE TO ESTABLISH CONSTRUCTION COST INDEX ADJUSTMENTS TO THE WESTERN
RIVERSIDE COUNTY TRANSPORTATION UNIFORM MITIGATION FEE (TUMF) PROGRAM
Summary
The proposed ordinance will update the City’s parcipaon in the Transportaon Uniform Migaon Fee (TUMF) program and amending Chapter 4.72 of the Eastvale Municipal Code establishing an automac Construcon Cost Index (CCI) process for calculang fee updates and including other clarifying changes as required to implement the program.
Background
The City of Eastvale is a Member Jurisdicon of the Western Riverside County Council of Governments (WRCOG), a joint powers agency comprised of the County of Riverside and eighteen (18) cies located in Western Riverside County. The City of Eastvale is also a parcipant in the region-wide Transportaon Uniform Migaon Fee (TUMF), which was established in 2002.
Developed by the WRCOG Member Jurisdicons, the TUMF program is intended to address the 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
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shorEall in funds needed to enhance and enlarge the capacity of the Regional System of Highways and Arterials in response to new residenal, commercial, and industrial development throughout Western Riverside County. Prior to the City's incorporaon, as a Member Jurisdicon of WRCOG and as a TUMF Parcipang Jurisdicon, the County parcipated in the preparaon of the “Western Riverside County Transportaon Uniform Fee Nexus Study,” (“2002 Nexus Study”) later adopted by the WRCOG Execuve CommiIee. Based on the 2002 Nexus Study, the County adopted and implemented an Ordinance authorizing the County's parcipaon in the TUMF Program within the poron of the unincorporated County that includes what is now Eastvale. Post-incorporaon the City has connued parcipaon in the TUMF Program and the TUMF Ordinance has been amended several mes, the last of which was in 2025 by Ordinance 2025-01 and located in Chapter 4.72 (“Western Riverside County Transportaon Uniform Migaon Fee Program”) of Title 4 (“Revenue and Finance”) of the Eastvale Municipal Code.
The previously adopted WRCOG TUMF Administrave Plan calls for a CCI adjustment to be brought forth to the WRCOG Execuve CommiIee on an annual basis. In an effort to establish a streamlined process that allows for greater consistency and predictability, the WRCOG Execuve CommiIee approved the implementaon of an automac CCI adjustment for all TUMF land uses on December 1, 2025 with the expectaon that member agencies would adopt implemenng ordinances and resoluons locally to support the program. This CCI adjustment will be ed to the September indices of the Naonal Associaon of Realtors and Engineering News record, with a cap of 5% of annual adjustment.
Analysis
The proposed Ordinance provides the legal basis for a revised TUMF schedule including the addion of the automac CCI adjustment. According to WRCOG, implemenng automac CCI adjustment ensures that fee levels keep pace with increases in cost of construcng transportaon projects and avoids large increases at comprehensive TUMF Nexus Study updates while ensuring that fair share principles under AB 1600 are sasfied. The actual TUMF fee schedule was adopted by City Council through a Resolution on March 25, 2026.
In accordance with the Migaon Fee Act, the proposed Ordinance and Resoluon are consistent with the previously approved 2024 Nexus Study which: (1) idenfies the purpose of the revised fees; (2) idenfies the use to which the revised fees is to be put, including idenficaon of any facilies to be financed; (3) determines how there is a reasonable relaonship between the fee’s use and the type of development project on which the fee is imposed; (4) determines how there is a reasonable relaonship between the need for the public facilies and the type of development project upon which the fees are imposed; and (5) determines how there is a reasonable relaonship between the amount of the fees and the cost of the public facilies or poron or the public facility aIributable to the development on which the fees are imposed.
The resolution updated the TUMF Fee Schedule as follows with an effective date of July 1, 2026:
Development Category
Current Fee
Updated Fee (July 1, 2026)
Single Family Residential <1,800 sf
$12,380/unit
$12,705/unit
Single Family Residential 1,801-2,300 sf
$13,927/unit
$14,292/unit
Single Family Residential 2,301-2,700 sf
$15,476/unit
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Single Family Residential >2,700 sf
$19,344/unit
$19,851/unit
Multi-family Residential
$7,816/unit
$8,021/unit
Industrial
$2.33/sf
$2.39/sf
Retail Commercial
$7.72/sf
$7.92/sf
Service Commercial
$4.89/sf
$5.02/sf
Class A and B Office
$2.45/sf
$2.51/sf
The draS ordinance also includes minor updates to the definions poron of the previous ordinance to clarify the definitions of residential units as follows:
“Mul-Family Residenal Unit” means a residenal dwelling unit that is physically aIached to one or more other dwelling units by a shared wall, floor, ceiling, roof, or structural foundaon, regardless of the lot or parcel configuraon, ownership structure, or type of subdivision (including condominium subdivisions). Mul-family residenal units include, but are not limited to, duplexes, townhomes, apartments, and condominiums with aIached units. As outlined in the Ordinance, accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs), as defined by state law, are exempt from TUMF and shall not be counted in determining residential land use classification.
“Single Family Residenal Unit” means a residenal dwelling unit that is physically detached from any other dwelling unit, sharing no common wall, floor, ceiling, roof, or structural foundaon with another dwelling unit, regardless of the lot or parcel configuraon, ownership structure, or type of subdivision (including condominium subdivisions). As outlined in the Ordinance, accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs), as defined by state law, are exempt from TUMF and shall not be counted in determining residential land use classification.
Environmental
Pursuant to the provisions of the California Environmental Quality Act (CEQA Public Resources Code, Secon 21084 et. seq.), the proposed ordinance and resoluon are exempt from the requirements of CEQA pursuant to Secon 21080 (b)(8) of the Public Resources Code and Secons 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.
Strategic Plan Action - Priority Level: N/A
| Target #: N/A
| Goal #: N/A
Not Applicable
Fiscal Impact
Parcipang in the TUMF program will provide the necessary resources to enhance and expand the capacity of the Regional System of Highways and Arterials due to new development in Western Riverside County. TUMF fees are paid by applicants of new development within the City and passed on to WRCOG for administraon. There is no fiscal impact to the City associated with adopon of the ordinance and resoluon. WRCOG prepared most of the informaon and templates for the draS ordinance, resoluon and staff report to minimize City staff me. Any staff me used to review and prepare this report and aIachments is included in the 2025/26 FY Community Development Department budget.
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Prior City Council/Commission Action
The City Council previously adopted Resoluon 2025-05 on January 8, 2025 and Ordinance 2025-01 on January 22, 2025 to amend Chapter 4.72 of the Eastvale Municipal Code and adopt new TUMF fees.
On March 25, 2026, The City Council introduced an Ordinance amending Chapter 4.72 of the Eastvale Municipal Code and adopted a Resoluon updang the TUMF fee schedule effecve July 1, 2026.
Attachment(s)
Attachment 1 - Eastvale 2026 TUMF Ordinance Update
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4933-5098-9713 v1
ORDINANCE NO. _______
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF EASTVALE AMENDING CHAPTER 4.72 OF THE EASTVALE MUNICIPAL CODE
TO ESTABLISH CONSTRUCTION COST INDEX ADJUSTMENTS TO
THE WESTERN RIVERSIDE COUNTY TRANSPORTATION UNIFORM
MITIGATION FEE (TUMF) PROGRAM
WHEREAS, the City of Eastvale is a member agency of the Western Riverside Council of Governments (“WRCOG”), a joint powers agency comprised of the County of Riverside and 18 cities located in Western Riverside County. Acting in concert, the WRCOG Member Agencies developed a plan whereby the shortfall in funds needed to enlarge the capacity of the Regional System of Highways and Arterials in Western Riverside County (the “Regional System”) could be made up in part by a Transportation Uniform Mitigation Fee (“TUMF”) on future residential, commercial and industrial development; and
WHEREAS, in furtherance of this plan, the WRCOG Executive Committee adopted the “Western Riverside County Transportation Uniform Fee Nexus Study”, dated October 18, 2002 (the “2002 Nexus Study”); and
WHEREAS, based on the 2002 Nexus Study, the County of Riverside adopted an ordinance pursuant to California Government Code sections 66000 et seq. authorizing the County to impose the TUMF upon new development within areas of the unincorporated county including the area that would later incorporate to become the City of Eastvale; and WHEREAS, in 2016, the TUMF Nexus Study (“2016 Nexus Study”) was updated for the purpose of updating the fees. On July 10, 2017, the WRCOG Executive Committee reviewed the 2016 Nexus Study and TUMF Program and recommended TUMF Participating Jurisdictions amend their applicable TUMF ordinances to reflect changes in the TUMF network and the cost of construction in order to update the TUMF Program; and WHEREAS, on October 11, 2017, the City adopted Ordinance No. 2017-05, which adopted the 2016 Nexus Study and updated the TUMF; and
WHEREAS, in 2018, the TUMF Program was altered to adopt a process in which WRCOG calculates and collects TUMF on behalf of member agencies under the Western Riverside County Transportation Uniform Mitigation Fee Program Ordinance of 2018; and WHEREAS, the City adopted Ordinance No. 2018-14 on December 12, 2018 allowing WRCOG to calculate and collect TUMF on behalf of the City; and WHEREAS, WRCOG, with the assistance of TUMF Participating Jurisdictions, prepared an updated nexus study entitled “Transportation Uniform Mitigation Fee Nexus Study: 2024 Update” (“2024 Nexus Study”) pursuant to California Government Code sections 66000 et seq. (the Mitigation Fee Act), for the purpose of updating the fees; and 139
4933-5098-9713 v1
WHEREAS, in September 2024, the WRCOG Executive Committee reviewed the 2024 Nexus Study and TUMF Program and recommended TUMF Participating Jurisdictions amend their applicable TUMF ordinances to reflect changes in the TUMF network and the cost of construction in order to update the TUMF Program; and
WHEREAS, on January 22, 2025, the City Council approved Ordinance No. 25-01 which adopted the 2024 Nexus Study and its findings; and
WHEREAS, the TUMF Administrative Plan calls for a Construction Cost Index (“CCI”) adjustment to be brought forth to the WRCOG Executive Committee on an annual basis; and WHEREAS, on December 1, 2025, the WRCOG Executive Committee approved the implementation of an automatic CCI adjustment for all TUMF land uses tied to the September indices of the National Association of Realtors and Engineering News Record with a cap at 5% of any annual adjustments; and
WHEREAS, an automatic CCI adjustment ensures that fee levels keep pace with increases in cost of constructing transportation projects and avoids large increases at comprehensive TUMF Nexus Study updates; and
WHEREAS, this approach also allows for consistency and predictability for the TUMF Program, while ensuring that the fair share principles under AB 1600 are satisfied; and WHEREAS, the City Council desires to provide for automatic inflationary adjustments to the TUMF to reflect changes in construction costs over time, without modifying the underlying fee nexus, land use assumptions, or fee methodology; and WHEREAS, this Ordinance also includes minor updates to the definitions portion of the previous Ordinance to clarify the definitions of residential units.
THE CITY COUNCIL OF THE CITY OF EASTVALE DOES ORDAIN AS FOLLOWS:
SECTION 1. Incorporation of Recitals. The above recitals are true and correct and are incorporated herein by this reference.
SECTION 2. Amendment of Section 4.72.030. The definition of “Multi-Family Residential Unit” in Eastvale Municipal Code Section 4.72.030(h) and the definition of “Single Family Residential Unit” in Eastvale Municipal Code Section 4.72.030(n) are hereby amended to read as follows:
“(h) “Multi-Family Residential Unit” means a residential dwelling unit that is physically attached to one or more other dwelling units by a shared wall, floor, ceiling, roof, or structural foundation, regardless of the lot or parcel configuration, ownership structure, or type of subdivision (including condominium subdivisions). Multi-family residential units include, but are not limited to, duplexes, townhomes, apartments, and condominiums with attached units.
As outlined in the Ordinance, accessory dwelling units (ADUs) and junior accessory dwelling 140
4933-5098-9713 v1
units (JADUs), as defined by state law, are exempt from TUMF and shall not be counted in determining residential land use classification.”
“(n) Single Family Residential Unit” means a residential dwelling unit that is physically detached from any other dwelling unit, sharing no common wall, floor, ceiling, roof, or structural foundation with another dwelling unit, regardless of the lot or parcel configuration, ownership structure, or type of subdivision (including condominium subdivisions). As outlined in the Ordinance, accessory dwelling units (ADUs) and junior accessory dwelling units (JADUs), as defined by state law, are exempt from TUMF and shall not be counted in determining residential land use classification.”
SECTION 3. Amendment of Section 4.72.040. Eastvale Municipal Code Section
4.72.040 is hereby amended to add a new subparagraph (1) to paragraph (c) to read as follows:
“(1) Beginning July 1, 2026, and annually thereafter, the Transportation Uniform Mitigation Fee (TUMF) shall be automatically adjusted to reflect changes in construction costs.
The annual adjustment shall be calculated by WRCOG based on a blended Construction Cost Index derived from: (1) the National Association of Realtors – Median Sales Price of Existing Single-Family Homes, and (2) the Engineering News-Record (ENR) Construction Cost Index, using the September values of each index from the prior calendar year.
The percentage adjustment applied to the TUMF shall equal the annual percentage change in the blended index; provided, however, that in no event shall the annual adjustment exceed five percent (5%), whether positive or negative.
The calculated adjustment shall be implemented on July 1 of the year following index calculation.
If either referenced index is discontinued or materially altered, WRCOG shall apply a comparable, industry-recognized index that most closely reflects regional transportation construction costs.”
SECTION 4. Effect. No provisions of this Ordinance shall entitle any person who has already paid the TUMF to receive a refund, credit or reimbursement of such payment. This Ordinance does not create new TUMF.
SECTION 5. Severability. If any section, subsection, subdivision, paragraph, sentence, clause or phrase of this ordinance, or any part thereof, is for any reason held to be unconstitutional, such decision shall not affect the validity of the remaining portion of this Ordinance or any part thereof. The City C ouncil hereby declares that it would have passed each section, subsection, subdivision, paragraph, sentence, clause or phrase thereof, irrespective of the fact that any one or more section, subsection, subdivision, paragraph, sentence, clause or phrase be declared unconstitutional. If for any reason any portion of this ordinance is found to be invalid by a court of competent jurisdiction, the balance of this ordinance shall not be affected. 141
4933-5098-9713 v1
SECTION 6. Ordinance No. 25-01. This Ordinance amends certain provisions of Ordinance No. 25-01 provided this Ordinance is not declared invalid or unenforceable by a court of competent jurisdiction. If, for whatever reason, this Ordinance is declared invalid or unenforceable by a court of competent jurisdiction, Ordinance No. 25-01 all other related ordinances and polices shall remain in full force and effect.
SECTION 7. Effective Date. This Ordinance shall take effect thirty (30) days after its adoption.
SECTION 8. City Clerk Action. The City Clerk is authorized and directed to cause this Ordinance to be published within fifteen (15) days after its passage in a newspaper of general circulation and circulated within the City in accordance with Government Code Chapter 36933(a) or, to cause this Ordinance to be published in the manner required by law using the alternative summary and pasting procedure authorized under Government Code Chapter 39633(c).
APPROVED and ADOPTED by the City Council and attested by the City Clerk this ___ day of __________ 2026.
Jocelyn Yow
Mayor
APPROVED AS TO FORM: ATTEST:
_______________________________ ___________________________________ Erica L. Vega Marc A. Donohue, MMC
City Attorney City Clerk
142
4933-5098-9713 v1
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE ) §
CITY OF EASTVALE )
I, Marc A. Donohue, City Clerk of the City of Eastvale, California, do hereby certify that the foregoing Ordinance No. 26 -__, was introduced at a regular meeting of the City Council of the City of Eastvale held on the __ day of ________, 2026, and was passed by the City Council of the City of Eastvale at a regular meeting held on the __ day of _________, 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
____________________________________
Marc A. Donohue, MMC
City Clerk
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AGENDA STAFF REPORT
City Council Meeting
CONSENT CALENDAR
Agenda Item No. 11.5
April
8, 2026
Agreement with CivicPlus for Agenda Management, ADA
Compliance, Public Records Request Portal, and City Website Software Solutions
Prepared By:
Marc A. Donohue, Government Services Director/City Clerk Recommended Action(s)
Staff recommends that the City Council:
1 .
Authorize the City Manager to execute a five year agreement with CivicPlus for $369,617.15 for Agenda Management so+ware, ADA compliance tools, public records request so+ware, and city website software services; and
2 .
Determine compliance with the formal bidding process is not in the best interest of the City in accordance with Municipal Code sec1on 04.06.090(g) and authorize use of the direct negotiation process.
Summary
Staff is recommending approving an agreement with CivicPlus for agenda management so+ware, ADA compliance tools, public records request software, and city website software services.
Agenda Management Software
The city currently u1lizes Granicus for agenda management services. This includes the workflow of our agenda packets, live-streaming of mee1ngs, and the vo1ng so+ware u1lized at the mee1ngs.
Over the years, the costs for these services with Granicus have increased and resulted in staff 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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looking for alterna1ve solu1ons. CivicPlus's agenda management so+ware meets the needs of the city and comes at a much lower cost than what we are currently paying with Granicus.
ADA Compliance Tools
As part of the federal government's upcoming April 2026 compliance deadline for WCAG 2.1 AA under the Americans with Disabili1es Act (ADA), the city began to assess the city website and its compliance with the new regula1ons. The new so+ware solu1ons with CivicPlus will ensure the city's compliance with WCAG 2.1 AA. Un1l all these ADA so+ware solu1ons can be implemented, the city has included an Accessibility Roadmap on the city website that includes 1melines for ADA compliance.
Public Records Request Software
The city currently u1lizes a so+ware solu1on with Granicus for the processing of public records requests. CivicPlus's public records request so+ware meets the needs of the city and comes at a similar cost to what we are currently paying with Granicus.
City Website Software
The city currently u1lizes Granicus for its website so+ware. The last update to the city website was in 2019. Industry standard is to update your website every 4-5 years. CivicPlus's website so+ware meets the needs of the city and offers these additional benefits:
1 .
Updated content management system on the backend
2 .
Additional control over the design of the website that will result in lower maintenance costs 3 .
A free website redesign every four years. This is a tremendous value as website redesigns usually range between $30,000-$40,000.
Background
Since 2019, the city has u1lized Granicus as its primary vendor for agenda management so+ware, public records request so+ware, and city website hos1ng. While these services have supported the city's opera1onal needs, staff has iden1fied opportuni1es to improve efficiency, accessibility, and overall user experience for both the staff and the public.
Analysis
CivicPlus has been iden1fied as the preferred provider due to its comprehensive, integrated platform and strong track record serving municipalities nationwide. CivicPlus offers a unified solution that includes:
Agenda management and meeting software
ADA compliance tools to ensure website accessibility
Public records request management software
Website design, hosting, and content management system (CMS)
Eastvale Ordinance No. 26-04, Sec. 4.06.090(g) authorizes the City to make non-bid purchases of goods or services to further the economy and efficiency if it is in the city’s best interest to waive 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
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strict compliance with the formal or informal solicita1on procedures. Staff researched available procurement op1ons and product offerings in the market and determined that the agenda management, ADA compliance, public records request, and city website so+ware offered by CivicPlus meets the Government Services/City Clerk Department’s specifications.
By bundling all of these so+ware solu1ons with one vendor, staff was able to reduce overall costs, increase opera1onal efficiency, ensure con1nuity and reliability of services, reduce vulnerabili1es created by fragmented systems, and ensure seamless interoperability across all of the so+ware solutions.
Environmental
Not applicable.
Strategic Plan Action - Priority Level: N/A
| Target #: N/A
| Goal #: N/A
Not applicable.
Fiscal Impact
Below is the breakdown of the 5-year contract with CivicPlus:
1 .
Year One - $95,100.35 ($44,593.60 Annual Subscription Fee & $50,506.75 One-Time Fees) 2 .
Year Two - $68,629.20
3 .
Year Three - $68,629.20
4 .
Year Four - $68,629.20
5 .
Year Five - $68,629.20
The total cost over the lifespan of the contract is $369,617.15. CivicPlus has agreed to no upli+ charges during the first 5 years. There are sufficient funds in the City Clerk and Communica1ons division budgets to cover the costs over the life of the contract.
Prior City Council/Commission Action
On September 9, 2020, the City Council approved a contract with Granicus for agenda management software.
Attachment(s)
Attachment - CivicPlus Agreement
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CivicPlus
302 South 4th St. Suite 500
Manhattan, KS 66502
US
Statement of Work
Quote #: Q-119075-1
CivicPlus Pricing
Approval Date:
3/30/2026 12:36 PM
Expires On: 4/9/2026
Client:
City of Eastvale, CA
Bill To:
EASTVALE CITY, CALIFORNIA
SALESPERSON Phone EMAIL DELIVERY METHOD PAYMENT METHOD
Hector Ortega [email protected] Net 30
Agenda and Minutes
QTY PRODUCT NAME DESCRIPTION
1.00 AMM Select: Pro Annual Fee AMM Select: Pro Annual Fee
1.00 CivicPlus Media: Annual Fee CivicPlus Media Annual Fee: Unlimited storage, unlimited users, up to 3 concurrent streams
1.00 AMM Select: Live Meeting
Manager Annual Fee
AMM Select: Live Meeting Manager Annual Fee
1.00 AMMS: Platform IdP Integration
Annual Fee
Laserfiche: Platform IdP Integration Annual Fee
1.00 AMM Select: Pro Premium
Implementation
Pro Premium Implementation; Includes config. of up to 10 meeting types, up to 10 boards, 1 approval workflow per meeting type, 4 hrs of training, and 2 hrs of consulting; Includes 1 original agenda, 1 original minutes, and 1 original staff report design
1.00 CivicPlus Media: Implementation
Fee
CivicPlus Media: Implementation Fee
1.00 AMM Select: Live Meeting
Manager Implementation Fee
Live Meeting Manager Implementation
1.00 AMMS: Platform IdP Integration
Implementation Fee
Laserfiche: Platform IdP Integration Implementation Fee
1.00 AMM Select: Historical Import
Fee with Videos (750+)
Historical import of more than 750 meetings; Volume is calculated based on number of meetings being imported; Import does include video files
147
NextRequest
QTY PRODUCT NAME DESCRIPTION
1.00 NextRequest UB Standard Plan NextRequest Standard Plan; Unlimited Staff Users, Up to 10 Admin- Publisher Users, Up to 2TB Storage. Core Features. Review & Redaction Features. Payments. IT & Compliance Features.
1.00 NextRequest Standard
Implementation
Standard Implementation (Virtual Only): Admin Users: 1 Kickoff Call, 1 Admin Training. Staff Users have Access to a monthly webinar for general training and questions
DocAccess
QTY PRODUCT NAME DESCRIPTION
1.00 DocAccess DocAccess is a document accessibility platform that scans, converts, and monitors PDF documents on websites to support ADA and Section 508 compliance efforts for users with disabilities.
1.00 DocAccess Implementation Implementation of DocAccess AudioEye
QTY PRODUCT NAME DESCRIPTION
1.00 AudioEye Managed AudioEye Managed: www.eastvaleca.gov
1.00 AudioEye Managed
Implementation
AudioEye Managed Implementation
Website
QTY PRODUCT NAME DESCRIPTION
1.00 Annual - Municipal Websites
Central
Annual - Municipal Websites Central
1.00 Hosting & Security Annual Fee -
Websites Central
Hosting & Security Annual Fee - Websites Central
1.00 Guardian Security (Cloudflare
WAF/CDN)
Cloudflare Tier 1 WAF/CDN security protection
1.00 SSL Management CivicPlus
Provided
SSL Management CivicPlus Provided: www.eastvaleca.gov
1.00 DNS Hosting for .GOV Annual
Fee
DNS Hosting for .GOV Annual Fee: www.eastvaleca.gov
1.00 48 Month Redesign Ultimate
Annual - Websites Central
48 Month Redesign Ultimate Annual - Websites Central
148
QTY PRODUCT NAME DESCRIPTION
1.00 Municipal Websites Central: AI
Editing Assistant
AI Editing Assistant is an optional CivicPlus Municipal Websites Central feature that lets authorized users create and improve content using integrated AI tools to generate, summarize, rewrite, and polish text across supported fields.
1.00 AI Content Advisor Access to AI Content Advisor for CivicPlus Municipal Websites. The AI Powered AI Content Advisor scans website content to surface Search Engine Optimization (SEO) and Answer Engine Optimization (AEO) recommendations and flag stale pages.
1.00 Ultimate Implementation -
Websites Central
Ultimate Implementation - Websites Central
200.00 Website Content Development -
1 Page
Content Development - 1 Page
6.00 Website New Customer Virtual
System Training - Up to 3 hours
Website Virtual System Training - Up to 3 hours & 12 attendees
4.00 Alignment Virtual Consulting Alignment Consulting - Virtual, up to 3 hours
1.00 AudioEye Off Platform -
Municipal Website Transition
Implementation of AudioEye for an off-platform solution in conjunction with implementation of CivicPlus Municipal Website. Subject to terms and conditions.
Initial Term Beginning at signing, ending 60
months from date of signature.
Renewing annually on date of signature each calendar year.
Initial Term Invoice Schedule 50% of Year One Annual Total invoiced at signing. 50% of Year One Annual Total invoiced 7/1/2026.
Subsequent Annual Totals invoiced at renewal term.
Annual Subscription One Time Fees Annual Total
Year One USD 44,593.60 USD 50,506.75 USD 95,100.35
Year Two USD 68,629.20 USD 68,629.20
Year Three USD 68,629.20 USD 68,629.20
Year Four USD 68,629.20 USD 68,629.20
Year Five USD 68,629.20 USD 68,629.20
Subtotal USD 369,617.15
Annual Recurring Services Starting Year 6 USD 72,060.66 Renewal Procedure Automatic 1 year renewal term, unless 60 days notice provided prior to renewal date
Annual Uplift 5% to be applied in year 6
If the customer has subscribed to the DocAccess services, which is evidenced by the DocAccess line item shown above, the covered domains for the service shall be limited to:
https://www.eastvaleca.gov/
149
This Statement of Work ("SOW") shall be subject to the terms and conditions of the CivicPlus Master Services Agreement and the applicable Solution and Services terms and conditions located at https://www.civicplus.help/hc/en-us/p/legal- stuff (collectively, the "Binding Terms"). By signing this SOW, Client expressly agrees to the terms and conditions of the Binding Terms throughout the term of this SOW.
Please note that this document is a SOW and not an invoice. Upon signing and submitting this SOW, Client will receive the applicable invoice according to the terms of the invoicing schedule outlined herein.
Client may issue purchase orders for its internal, administrative use only, and not to impose any contractual terms. Any terms contained in any such purchase orders issued by the Client are considered null and will not alter the Binding Terms, the Agreement or this SOW.
SPECIAL TERMS
CivicPlus shall procure and maintain, at its own cost and expense, for the duration of the Services provided hereunder: (i) Commercial General Liability with limits of $1,000,000 per occurrence and $2,000,000 in the aggregate, which may be satisfied through a combination of underlying liability and umbrella policies; (ii) Workers' Compensation as required by applicable law; and (iii) Cyber/Tech E&O with limits of $5,000,000. CivicPlus shall furnish to City a certificate of insurance evidencing such coverage within thirty (30) days following City's written request therefor.
150
Acceptance of Quote # Q-119075-1
The undersigned acknowledges having read, understood, and agreed to be bound by the binding terms and conditions incorporated into this SOW. This SOW shall become effective as of the date of the last signature below (“Effective Date”).
For CivicPlus Billing Information, please visit https://www.civicplus.com/verify/ Authorized Client Signature CivicPlus
By (please sign):
___________________________________
By (please sign):
___________________________________
Printed Name:
___________________________________
Printed Name:
___________________________________
Title:
___________________________________
Title:
___________________________________
Date:
___________________________________
Date:
___________________________________
Organization Legal Name:
___________________________________
Billing Contact:
___________________________________
Title:
___________________________________
Billing Phone Number:
___________________________________
Billing Email:
___________________________________
Billing Address:
___________________________________
___________________________________
Mailing Address: (If different from above)
___________________________________
___________________________________
PO Number: (Info needed on Invoice (PO or Job#) if required) ___________________________________
Page
5 of 5
Amy Vikander
Senior VP of Customer Success
04/2/2026
151
AGENDA STAFF REPORT
City Council Meeting
CITY COUNCIL BUSINESS
Agenda Item No. 13.1
April
8, 2026
Purchase of one (1) 107’ Quint Aerial Apparatus, Review of Staffing Op6ons, Approve Budget Appropria6on, and Capital Improvement Plan Amendment
Prepared By:
Tim Voigt, CAL FIRE/Riverside County Fire Division Chief Recommended Action(s)
Staff recommends that the City Council:
1 .
Approve the procurement and upfi&ng of one (1) 107’ Quint Aerial Apparatus and related equipment for a total amount not-to-exceed $2,762,385; and 2 .
Determine compliance with the formal bidding process is not in the best interest of the City in accordance with Sec9on 4.06.090.b. of the municipal code and authorize Riverside County to
procure the apparatus and upfitting equipment and services; and 3 .
Provide direction to proceed with Staffing Option 1; and 4 .
Approve amendments to the Fire Aerial Ladder Truck Purchase Capital Improvement Project (95015) as presented in Attachment 7.1; and
5 .
Approve and Adopt a Resolu9on amending the Fiscal Year 2025-26 Capital Improvement Plan and Budget for the aforementioned Capital Improvement Project; and 6 .
Approve and Adopt a Resolu9on Approving the Commitment of Fund Balance Pursuant to GASB 54; and
7 .
Authorize the City Manager to execute all documents and take all ac9ons necessary to facilitate the above actions
.
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The City of Eastvale con9nues to experience sustained residen9al, commercial, and industrial growth, resul9ng in increased emergency service demand and greater opera9onal complexity. To keep pace with current needs and prepare for con9nued expansion, with the recommenda9on of CALFIRE/Riverside County Fire Department, City staff is requesting the procurement of a ladder truck to enhance service capabilities and better protect the community.
The es9mated cost for the purchase of the 107’ Quint is $2,166,259, which includes the base apparatus and required safety features. A 10% con9ngency buffer is requested to account for poten9al cost fluctua9ons, specifica9on adjustments, and manufacturer price increases, bringing the total not-to-exceed amount to $
2,382,885
. Addi9onally, $345,000 in equipment plus a ten
percent con9ngency totaling $379,500 will be required to properly equip the apparatus. As a result, total costs are estimated at $
2,762,385
.
Background
The City of Eastvale con9nues to experience sustained residen9al, commercial, and industrial growth, resul9ng in increased emergency service demand and greater opera9onal complexity. Since incorpora9on, Eastvale has evolved from a primarily residen9al community into a city with mul9- story residen9al developments, a 5-story hotel, large commercial centers, mul9-story warehouse distribu9on facili9es, educa9onal campuses, and a downtown area under construc9on with a three story Civic Center, two story Library, and a two story Sheriff Station.
Community Growth and Call Volume
Fire Department call volume has steadily increased on average, 6% year-over-year, with a significant por9on of responses being medical emergencies, structure fires, traffic collisions, and public service calls. As development intensifies:
Building heights and densities have increased.
Access challenges in large apartment complexes and commercial occupancies have grown.
Fire loads in warehouses and distribution facilities present higher life-safety risk.
Currently, the City of Eastvale operates without a ladder truck located within its jurisdic9on. A ladder truck is a specialized fire apparatus designed to provide elevated access for firefighter opera9ons, including roof access, rescue from upper floors, ven9la9on of smoke and heat, and the ability to deliver large volumes of water from an elevated posi9on during major fires. When a confirmed structure fire occurs that requires these capabili9es, Eastvale must rely on ladder trucks responding from neighboring cities through Cooperative Fire Protection agreements.
While the Coopera9ve Fire Protec9on agreement, and mutual aid from neighboring departments is an essen9al and valued regional partnership, depending on ladder trucks from outside the City can increase response 9mes during ac9ve structure fires and reduce opera9onal flexibility during the most cri9cal early minutes of an incident. These delays can directly impact firefighter safety, the ability to rescue occupants, and the extent of property damage.
In addi9on, many of Eastvale’s two-story residen9al homes are constructed with modern design features and limited spacing between buildings. Due to these construc9on layouts and restricted access, standard ground ladders carried by engine companies are oKen unable to safely reach certain roof lines or upper-floor areas. This limita9on can delay roof access for ven9la9on and restrict rescue options, further emphasizing the need for an aerial ladder capability within the City. 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
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Establishing a dedicated ladder truck in Eastvale would significantly enhance local emergency response by ensuring 9mely access to elevated opera9ons, improving firefighter and resident safety, and reducing reliance on outside resources during high-risk, time-sensitive incidents.
Currently it is estimated to take 2 years to build and outfit a ladder truck.
Operational Need for a 107’ Quint
A 107’ Quint provides five core firefighting functions in a single apparatus:
Fire pump
Water tank
Fire hose
Ground ladders
Aerial ladder device
The acquisition of a 107’ Quint will:
Improve Fireground Effec9veness: Immediate aerial access for roof ven9la9on, rescue from upper floors, and elevated master stream application.
Enhance Firefighter Safety: Reduced need for improvised roof access; improved elevated operations under controlled conditions.
Increase ISO Capability: A ladder truck improves community fire protec9on grading metrics. (See attachment)
Support High-Density Development: Essen9al for mul9-story residen9al, commercial, and industrial occupancies.
Reduce Dependence from outside resources: Ensures first-alarm ladder coverage originates within City limit
As Eastvale prepares for con9nued ver9cal and commercial development, a ladder-capable apparatus is no longer a supplemental resource, it is a necessary component of a modern all-risk fire response system.
Future Planning – Ladder Truck Staffing (2–3 Year Outlook) & Third Fire Station (5–6 Year Outlook) The City’s long-range capital improvement strategy anticipates the construction of a third fire station within the next five to six years to support con9nued growth in the northern por9ons of the community. To ensure public safety services keep pace with development, the Fire Department is inten9onally planning beyond immediate needs while also addressing an exis9ng opera9onal gap that impacts emergency response today.
Key strategic planning considerations include:
Increased baseline staffing is necessary to maintain reliable response 9mes as call volume and service demand continue to rise.
ThoughNul redistribu9on of fire apparatus to ensure balanced, citywide coverage and improved operational efficiency.
Long-term workforce planning, including recruitment, training, and succession, to sustain a highly qualified and experienced workforce.
Scalable deployment models that allow the Fire Department to expand capabili9es in step with community growth, rather than in reaction to it.
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While the third fire sta9on represents a future milestone, the need for a ladder truck exists now.
Eastvale currently lacks a dedicated ladder truck, crea9ng an immediate capability gap during structure fires. These incidents are 9me-cri9cal, and reliance on ladder trucks from neighboring jurisdictions increases response times during the most consequential moments of an emergency.
The proposed acquisi9on of a 107’ Quint ladder truck addresses this current opera9onal need while directly supporting the City’s long-term vision. Early acquisition ensures:
Immediately closes an exis9ng service gap by providing essen9al ladder truck capabili9es within Eastvale.
Ensures the apparatus is fully opera9onal and integrated well in advance of the ac9va9on of a third fire station.
Allows for deliberate, strategic staffing development, avoiding reac9ve hiring during periods of rapid growth.
Establishes ladder truck staffing as a founda9onal element for a seamless transi9on into third station operations.
Phases staffing growth in alignment with sta9on expansion and projected increases in service demand.
An9cipates the need to increase firefigh9ng personnel from 24 to 30 upon ac9va9on of the new fire station.
Phases capital expenditures ahead of major facility expansion, suppor9ng long-term fiscal stability and responsible budgeting.
This approach reflects disciplined and forward-thinking governance that meets today’s public safety needs while deliberately preparing Eastvale for con9nued growth, increased density, and higher service expecta9ons. Acquiring the ladder truck now is both an immediate opera9onal necessity and a strategic investment in the City’s long-term resilience and safety.
Deployment and Staffing Options
Two operational models are presented for Council discussion:
Option 1: Replace Engine 27 with Quint 27 and Retain Medic Squad 27 Configuration:
Engine 27 replaced with Quint 27.
Engine 27 becomes an unstaffed reserve engine.
Current Engine 27 staffing of 9 firefighters moves to the Quint.
Quint will be staffed with a total of 12 firefighters (increase of 3 positions).
Medic Squad 27 retained (6 firefighters).
E31 remains with 9 firefighters.
Total firefighter count: 27 Firefighters.
Operational Impact:
Increases suppression staffing by 3 firefighters.
Maintains dedicated Medic Squad for high-volume EMS responses.
Squad handles majority of medical calls, reducing wear and tear on the Quint.
Preserves response-time performance for EMS incidents.
Provides optimal fireground staffing depth.
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Advantages:
Maintains service levels in a high-EMS-demand city.
Protects long-term capital investment in the Quint.
Improves fireground effectiveness and redundancy.
Supports future transition to a third fire station.
Considerations:
Includes funding for three addi9onal firefighter posi9ons to ensure safe opera9ons and immediate service delivery.
This recommended op9on is fully aligned with the City’s future planning goals (strategic plan priority 1, goal E) and represents a proac9ve investment in Eastvale’s long-term public safety capacity.
Budget Impact:
Option 1 Operating Budget Impact*
Apparatus
Current
Use
Proposed Use
FY 2028-29
Current
Staffing
Model
FY 2028-29
Proposed
Impacts
FY 2028-29
Budget
Impact
Engine 27
Staffed
Unstaffed Reserve
$2,692,540
$ 0
$(2,692,540)
Quint 27
N/A
Add & Staff
0 3,435,210
3,435,210
Medic 27
Staffed
Staffed
1,705,660
1,705,660
0 Total
$4,398,200
$5,140,870
$742,670
*Calculations are based on Fiscal Year 2026-27 projected contract rates with Riverside County Fire.
Option 2: Replace Engine 27 with Quint 27 and Remove Medic Squad 27
Configuration:
Engine 27 replaced with Quint 27.
Engine 27 becomes an unstaffed reserve engine.
Current Engine 27 staffing of 9 firefighters moves to the Quint.
Quint will be staffed with a total of 12 firefighters (increase of 3 positions).
Medic Squad 27 removed from service. (6 firefighter positions eliminated).
E31 remains with 9 firefighters.
Total firefighter count: 21 Firefighters.
Operational Impact:
Reduces EMS-dedicated resources.
Increases reliance on the Quint for medical calls.
Accelerates wear and lifecycle costs on the Quint.
Reduces surge capacity during simultaneous incidents.
Disadvantages:
Not aligned with current call volume trends.
Reduces EMS response flexibility.
Increases risk of degraded service during peak demand. 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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Eliminates positions that will likely be needed for Station 3.
Budget Impact:
Option 2 Operating Budget Impact*
Apparatus
Current
Use
Proposed Use
FY 2028-29
Current
Staffing Model
FY 2028-29
Proposed
Impacts
FY 2028-29
Budget
Impact
Engine 27
Staffed
Unstaffed Reserve
$2,692,540
$ 0
$(2,692,540)
Quint 27
N/A
Add & Staff
0 3,435,210
3,435,210
Medic 27
Staffed
Unstaffed Reserve
1,705,660
0 (1,705,660)
Total
$4,398,200
$3,435,210
$(962,990)
*Calculations are based on Fiscal Year 2026-27 projected contract rates with Riverside County Fire.
Fiscal Considerations
Early authorization of the apparatus purchase allows the City to:
Secure current pricing.
Reduce exposure to future cost escalations.
Avoid anticipated manufacturer price increases.
Align capital expenditures with the planned ac9va9on of the City’s third fire sta9on and target A, goal E of the 2025 Strategic Plan (Enhance Fire Response and Preparedness).
Delaying procurement may result in increased apparatus costs due to infla9onary pressures and supply chain variability in emergency vehicle manufacturing.
The City of Eastvale has reached a cri9cal juncture in its fire protec9on service delivery model.
Con9nued residen9al density, commercial expansion, and future sta9on development necessitate the addi9on of a ladder-capable apparatus.
The purchase of a 107’ Quint is both an opera9onal
necessity and a forward-looking investment in community safety.
Procurement
Riverside County Fire u9lizes a coopera9ve purchasing contract through Sourcewell to procure apparatus; these contracts are competitively sourced via a request for proposals process. Should City Council decide to not u9lize the County's contract, staff would need to prepare bids or ini9ate a similar request for qualifica9on process that Riverside County already administered. Staff recommends u9lizing the County's purchasing processes through Sourcewell for the following reasons:
Riverside County's contract includes a discount based on the county's order volume, the city would not be able to duplicate that particular discount.
The city is required to purchase to Riverside County's exact specifica9ons, other manufacturers or specifications cannot be considered.
The city would need to determine if they would like to purchase the addi9onal upfi&ng and compliment independently or through Riverside County. Some items in the compliment (specifically technology items and fire equipment) will have to be purchased through the county due to their customiza9on, maintenance contracts, etc. Other items may have a long lead 9me which could require ordering 9-12 months in advance. These orders will need to be 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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coordinated to ensure they arrive in time to put the apparatus in service.
The city would be responsible for registering the unit, the county is responsible for this function for county owned units.
The city would need to coordinate with Riverside County any inspec9ons to ensure that the unit is received as bid and the dealer makes any corrections to the unit prior to payment.
Any liability associated with the procurement would be the liability of the city; for example, if the vendor fails to perform and there are financial or other penal9es the city will need to seek reimbursement. Riverside County handles this when they complete the purchases and city receives any financial compensation due.
Through Riverside County's Sourcewell contract the apparatus is es9mated to total $2,166,259.88, plus a ten percent con9ngency totaling approximately $2,382,885. Upon approval of the purchase, the city will send to the county an authoriza9on leTer. At that 9me Riverside County will request an updated quote and issue a purchase order to the vendor. Once the purchase order is issued, the price of the apparatus is "locked" and will not increase. Approximately $55,000 embedded in the aforemen9oned amount is earmarked for “Tool moun9ng”. This will be the cost to install equipment and tool moun9ng brackets to the apparatus once it arrives, this happens once the apparatus is complete to ensure that the moun9ng is specific to the apparatus and tools procured.
This is a high es9mate, and the city will pay actual costs on this amount based on the equipment being mounted in the apparatus.
Addi9onally, equipment is es9mated to cost $345,000, plus a ten percent con9ngency totaling $379,500.
This amount includes all the fire equipment, communica9ons gear, technology items, ALS supplies and equipment, etc. to put the unit in service. Charges to the city will be actuals and county will order these items as appropriate to ensure their arrival is coordinated with the delivery of the apparatus. All items purchased are sourced through a compe99ve bid process, either internally to the county or a na9onwide mechanism such as Sourcewell. The city has requested federal funding to help offset the cost of this equipment. Should the federal funding be approved, the budget will be adjusted at that time.
Total costs for the apparatus, equipment, and con9ngency equals $2,762,385; the requested budget appropriation equals the same.
Environmental
Not applicable.
Strategic Plan Action - Priority Level: N/A
| Target #: A
| Goal #: E
Enhance fire response and preparedness (Target A, Goal E).
Fiscal Impact
Apparatus Purchase
The es9mated cost for the purchase of the 107’ Quint is $2,166,259, which includes the base apparatus and required safety features. A 10% con9ngency buffer is requested to account for poten9al cost fluctua9ons, specifica9on adjustments, and manufacturer price increases, bringing the total not-to-exceed amount to $
2,762,385
. Upon delivery, an addi9onal $
379,500
will be
required to purchase and install the equipment necessary to fully ouNit the ladder truck. If approved by City Council, a budget resolu9on is required to amend the fiscal year 2025-26 Capital 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752 951.361.0900 |
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Improvement and Operating Budget as described below
:
Apparatus Purchase Impact
Item
Funding Source
Account
Fiscal Year
2025-26
Budget Impact
Quint Apparatus & Contingency
Fire Fund Reserve
110-420-6610-95015
2,382,885
Equipment & Contingency
Fire Fund Reserve
110-420-6610-95015
379,500
Total
2,762,385
Five Year Projections and Staffing Impact
For the recommended Staffing Op9on 1, the es9mated budget impact will be approximately $750,000 in two years when the apparatus becomes opera9onal. This op9on includes deac9va9ng the exis9ng 27 Engine as an unstaffed reserve apparatus and staffing the Quint 27. The five year model projec9ons for the fire fund es9mate that by fiscal year 2028-29 the Fire Fund will operate at a deficit when the truck becomes opera9onal. The deficit is projected at $570,000. There is adequate fund balance in the Fire Fund to cover this opera9onal deficit for several fiscal years beyond the 2028-29 fiscal year, more if the opera9onal con9ngency reserve is moved to the General Fund. AKer fund balance is drawn down, the General Fund will need to contribute resources to ensure fire services are fully funded. The five year model is conserva9ve, projec9ng revenues with low growth and expenditures with moderate growth. The projec9ons include building and opera9ng the city's third fire sta9on by fiscal year 2029-30. One ongoing shorNall of the five year model is accurately predic9ng fire services costs, which has been difficult, leading to generous annual budget savings. Staff is diligently working to trend the savings and build them into the model. At this 9me, staff estimates budget savings will still be realized throughout the five year projection.
Staffing Impact
Item
Funding Source
Account
Fiscal Year
2028-29
Budget
Impact*
Option 1
Fire Fund
110-420-6450
742,670
Option 2
Fire Fund
110-420-6450
(962,990)
*Truck will likely be staffed in fiscal year 2029-30
Future Reserves
The agreement with Riverside County for Fire Services includes a 10-year replacement schedule and pre-payment plan for fire engines. The city contributes $55,000 annually to Riverside County to help pay for future Fire Engine replacement. Currently, Riverside County does not offer a similar program for Fire Trucks. Riverside County recommends replacing the Quint Apparatus every ten years. At that 9me, City Council may decide to sell the exis9ng apparatus or keep the aging apparatus as a reserve truck. As a result, staff recommends se&ng aside approximately $290,000 per year to accumulate adequate reserves to pay for the Quint Apparatus replacement by year 12 (two years apparatus on order, ten years in use, and 1.75% annual inflator on purchase price). The Fire Fund or General Fund 12363 Limonite Avenue | Suite 910 | Eastvale, CA 91752
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can be u9lized to fund this reserve; staff recommends u9lizing the General Fund to fund a reserve and using Fire Fund sources for operational purposes.
Prior City Council/Commission Action
On March 24, 2026, the Public Safety Commission reviewed and discussed the proposed procurement of one (1) 107’ Quint Aerial Apparatus. The Commission unanimously agreed that this acquisition is both necessary and prudent.
Attachment(s)
Attachment 1 - Quint Ladder truck Photo 1
Attachment 2 - Quint Ladder truck Photo 2
Attachment 3 - Quint Ladder truck Photo 3
Attachment 4 - CAD Drawing
Attachment 5 - ISO Rating Importance
Attachment 6 - Timeline Graph
Attachment 7 - Budget Resolution
Attachment 7.1 - Exhibit A to Budget Resolution
Attachment 8 - Resolution: Commitment of Fund Balance
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DIESEL FUEL
········
DIESEL FUELAERIAL INLET4"
SHOP PRINTSHOP ORDER
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Insurance Services Office (ISO) Rating – What It Means for the City of Eastvale
The Insurance Services Office (ISO), through its Public Protection Classification (PPC) program, evaluates and grades a community’s fire protection system. The ISO PPC rating is a numerical score from 1 to 10, with:
Class 1 = Superior fire protection
Class 10 = Does not meet minimum ISO criteria
Most communities fall between Class 2 and Class 5. The lower the number, the stronger the evaluated fire protection system.
Why ISO Matters
1. Impact on Insurance Premiums
Insurance companies use ISO PPC ratings as a major factor when determining property insurance premiums for:
Residential properties
Commercial buildings
Industrial facilities
A stronger ISO rating (lower class number) can:
Reduce property insurance premiums for residents and businesses Make the City more attractive for commercial and industrial development Strengthen economic competitiveness
While insurance savings vary by carrier, improved ISO ratings often result in measurable long- term cost savings community-wide.
2. What ISO Evaluates
ISO evaluates three major components of a community’s fire protection system:
A. Fire Department (50% of total score)
Apparatus inventory (including ladder trucks/quints)
165
Equipment carried
Staffing levels
Training hours
Response capability
Deployment distribution
B. Water Supply (40% of total score)
Hydrant spacing and distribution
Water main size and condition
Available fire flow
System reliability
C. Emergency Communications (10% of total score)
Dispatch center staffing
Call processing times
Redundancy systems
Communication technology
How a 107’ Quint Improves ISO Standing
The acquisition of a 107’ Quint directly strengthens the Fire Department portion of the ISO evaluation in several ways:
1. Ladder Service Credit
ISO assigns specific credit for ladder companies capable of serving:
Multi-story residential buildings
Commercial occupancies
Industrial facilities
Communities without a properly staffed aerial apparatus within required travel distances may receive reduced credit.
2. Equipment & Capability Credit
A Quint provides:
Aerial ladder capability
Elevated master stream operations
Rescue capacity from upper floors
Enhanced ground ladder complement
166
These factors increase ISO scoring in apparatus and equipment categories.
3. Distribution & Response Credit
ISO evaluates whether ladder companies can arrive within defined travel times (typically 4–8 minutes depending on occupancy type). Having a ladder company based within City limits:
Improves distribution scoring
Reduces reliance on mutual aid for initial assignment Enhances overall PPC credit
Community and Economic Development Implications
For growing cities like Eastvale:
Commercial developers often evaluate ISO ratings before investing. Warehouse, logistics, and multi-family developers consider insurance cost impacts. A strong ISO classification supports business recruitment efforts.
As Eastvale continues to add higher-density and multi-story occupancies, ladder service availability becomes increasingly important to maintain or improve ISO classification.
Long-Term Strategic Value
Improving or maintaining a strong ISO rating:
Demonstrates measurable fire protection capability.
Validates responsible public safety investment.
Supports long-term financial stability for residents and businesses. Aligns with the City’s anticipated third fire station expansion.
The purchase of a 107’ Quint is not solely an apparatus acquisition—it is a strategic investment in maintaining competitive fire protection standards and protecting the economic vitality of the City.
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RESOLUTION NO. 26-XX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EASTV ALE, CALIFORNIA, AMENDING ITS 2025-26 FISCAL YEAR CAPITAL IMPROVEMENT BUDGET FOR THE PURCHASE OF ONE QUINT AERIAL APPARATUS FOR FIRE SUPPRESSION.
WHEREAS the Capital Improvement Plan and Budget for fiscal year 2025 -26 through 2029-30 of the City of Eastvale has been adopted by this Council in its original form, and said plan and budget will need to be amended at times to fulfill the goals of the City; and
WHEREAS, the City departments may not exceed, transfer, or adjust their Capital Improvement Plan appropriations without the consent of the City Council; and
WHEREAS, the City Council desires to procure and staff a Quint Aerial Apparatus to support and expand fire suppression activities within the city; and
WHEREAS, the 2027-28 Budget Plan includes the procurement of a Quint Aerial Apparatus to support fire suppression services within the city; and
WHEREAS, due to economic strains and demands on fire suppression apparatus manufacturing, prices have inflated dramatically while the industry is simultaneously in a constant state of backorder; and
WHEREAS, the City Council desires to determine the need for a Quint Aerial Apparatus and subsequently authorize the procurement of the apparatus now, thereby locking in pricing , knowing that the apparatus will be delivered and operational two years from the procur ement date; and
WHEREAS, staff desires to amend the 2025 -26 Capital Improvement Plan and Budget to recognize the updates to Project No. 95015, Fire Aerial Ladder Truck Purchase and appropriate reserve Fire Fund resources to fund the procurement of the Quint Aerial Apparatus; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EASTVALE DOES HEREBY FIND, DETERMINE, AND RESOLVE AS FOLLOWS:
SECTION 1. AUTHORIZE AN APPROPR IATION FROM FIRE FUND RESER VES, VEHICLES ACCOUNT NO. 110-420-6610-95015 IN THE AMOUNT OF $2,762,385 FOR THE PURCHASE OF ONE QUINT AERIAL APPARATUS AS SHOWN IN EXHIBIT “A” FOR THE FIRE AERIAL LADDER TRUCK PURCHASE PROJECT.
PASSED, APPROVED AND ADOPTED this 8th day of April 2026.
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__________________________________________
Jocelyn Yow
Mayor
APPROVED AS TO FORM: ATTEST:
__________________________________________ __________________________________________ Erica Vega Marc A. Donohue, MMC
City Attorney City Clerk
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STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) §
CITY OF EASTVALE )
I, Marc A. Donohue, City Clerk of the City of Eastvale, California, do hereby certify that the foregoing City Council Resolution No. 26-XX, was duly adopted by the City Council of the City of Eastvale, California, at a meeting held on the 8h day of April 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
____________________________________
Marc A. Donohue, MMC
City Clerk
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City of Eastvale
Fiscal Year 2025-26
Annual Operating Budget
Capital Improvement Plan: Land, Buildings, Facilities & Equipment Fire Aerial Ladder Truck Purchase
Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30
Project Phases
Design/Engineering - - - - - - Property Acquisition - 2,762,385 - - - - Construction - - - - - - Total - 2,762,385 - - - - Program Financing
FF: Reserves 110-420-6610 - 2,762,385 - - - - - - - - - - Total - 2,762,385 - - - - Project Title: Fire Aerial Ladder Truck Purchase
Project Number: 95015
Project Categroy: Land, Buildings, Facilities & Equipment Project Priority: Desirable
Program Year Initiated: FY 2024-2025
Construction Year: FY 2025-2026
Project Estimate: 2,762,385
Project Description: Purchase of additional fire truck for the new third fire station at Scholar Way and 58th Street to provide more efficient, effective emergency services to the residents. The truck will either be a tractor-drawn or a rear-mount "Quint" style truck (rear-mount style is illustrated below).
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RESOLUTION NO. 26-XX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EASTVALE, CALIFORNIA, APPROVING THE COMMITMENT OF FUND BALANCE PURSUANT TO GASB 54
WHEREAS, the Governmental Standards Board (GASB) has issued Statement No. 54, Fund Balance Reporting and Governmental Type Definitions, with the intent of improving financial reporting by providing fund balance categories that will be more easily understood; and
WHEREAS, the City Council may commit fund balance amounts for specific purposes by taking formal action, and the committed amounts cannot be used for any other purpose unless the City Council removes and changes the specific use through the same formal action taken to establish the commitment; and
WHEREAS, the City Council deems it appropriate that the current and prior years’ commitments of fund balance be released; and
WHEREAS, the City Council deems appropriate that a commitment of $75,698,036 of the General Fund unassigned fund balance be established for Reserve for the following projects in the following amounts: Facility Construction: City Hall $ 19,571,690; Facility Construction: Library $17,574,470; Facility Construction: Site Improvement $9,906,400; Facility Construction: Parking Structure $16,145,476; Pension Obligation $2,500,000; Public Safety Rate Increase Stabilization $3,000,000; Debt Service Reserve: Civic Center, $7,000,000; and
WHEREAS, the City Council wishes to commit certain amounts of fund balance surplus attributed to the City’s Gann Appropriation Limit for qualified capital outlay reserves; and
WHEREAS, the City Council deems appropriate that a commitment of $ 375,100 of the Gene ral Fund unassigned fund balance be established for Appropriations Limit Qualified Capital Outlay Reserve for the following projects in the following amounts: Facility Construction: Police Station – Appropriations Limit $375,100; and
WHEREAS, the General Fund balance will be adjusted to final fund balance at the end of the fiscal year; and
WHEREAS, the City Council deems appropriate that a commitment of $ 12,700,000 of the Fire Fund unassigned fund balance be established for Reserve for the following pro jects in the following amounts: Third Fire Station Construction $ 12,300,000; Apparatus Replacement $400,000; and
WHEREAS, the Fire Fund balance will be adjusted to final fund balance at the end of the fiscal year.
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NOW, THEREFORE , THE CITY COUNCIL OF THE CITY OF EASTVALE DOES HEREBY FIND, DETERMINE, AND RESOLVE AS FOLLOWS:
SECTION 1. The City Council establishes and approves the release of all prior years ’ and current year commitments of fund balance of the General Fund and the Fire Fund to the unassigned category of fund balance as specified in the approved budget for fiscal year 2025-2026.
SECTION 2. The City Council establishes and approves the commit ment of $75,698,036 of the unassigned fund balance of the General Fund to the committed category of fund balance.
SECTION 3. The City Council establishes and approves the commit ment of $375,100 of the unassigned fund balance of the General Fund to the committed category of fund balance for appropriations limit qualified capital outlay reserve.
SECTION 4. The City Council establishes and approves th e commitment of $ 12,700,000 of the unassigned fund balance of the Fire Fund to the committed category of fund balance.
PASSED, APPROVED AND ADOPTED this 8th day of April, 2026.
__________________________________________
Jocelyn Yow
Mayor
APPROVED AS TO FORM: ATTEST:
__________________________________________ __________________________________________ Erica Vega Marc A. Donohue, MMC
City Attorney City Clerk
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STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) §
CITY OF EASTVALE )
I, Marc A. Donohue, City C lerk of the City of Eastvale, California, do hereby certify that the foregoing City Council Resolution No. 26-XX, was duly adopted by the City Council of the City of Eastvale, California, at a meeting held on the 8th day of April 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
____________________________________
Marc A. Donohue, MMC
City Clerk
175