Agenda packet, regular meeting — Folsom City Council, June 25, 2024

1 Agenda
City Council Regular Meeting and Joint City Council /
Folsom Redevelopment Successor Agency / Folsom
Public Financing Authority / Folsom Ranch Financing
Authority / South of 50 Parking Authority Meeting
Folsom City Hall | City Council Chambers, First Floor
50 Natoma Street, Folsom, CA 95630
June 25, 2024, 6:30 PM
Welcome to Your City Council Meeting
We welcome your interest and involvement in the city’s legislative process. This agenda includes information about topics coming before the City Council and the action recommended by city staff. You can read about each topic in the staff reports, which are available on the city website and in the Office of the City Clerk. The City Clerk is also available to answer any questions you have about City Council meeting procedures.

Participation
If you would like to provide comments to the City Council, please:
 Fill out a blue speaker request form, located at the back table.  Submit the form to the City Clerk before the item begins.  When it’s your turn, the City Clerk will call your name and invite you to the podium.  Speakers generally have three minutes, unless the presiding officer (usually the mayor) changes that time.

Reasonable Accommodations
In compliance with the Americans with Disabilities Act, if you are a person with a disability and you need a disability-related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (916) 461-6035, (916) 355-7328 (fax) or [email protected]. Requests must be made as early as possible and at least two full business days before the start of the meeting.

How to Watch
The City of Folsom provides three ways to watch a City Council meeting:

In Person Online On TV

City Council meetings take place at
City Hall, 50 Natoma Street
Watch the livestream and replay past
meetings on the city website,
www.folsom.ca.us
Watch live and replays of meetings on
Sac Metro Cable TV, Channel 14

More information about City Council meetings is available at the end of this agenda

Page 1 ends

2 City Council Regular Meeting and Joint City Council / Folsom Redevelopment Successor Agency / Folsom Public Financing Authority / Folsom Ranch Financing Authority / South of 50 Parking Authority Meeting
Folsom City Hall | City Council Chambers, First Floor
50 Natoma Street, Folsom, CA 95630
www.folsom.ca.us
Tuesday, June 25, 2024 6:30 PM

Mike Kozlowski, Mayor

Sarah Aquino, Vice Mayor YK Chalamcherla, Councilmember Rosario Rodriguez, Councilmember Anna Rohrbough, Councilmember

AGENDA

CALL TO ORDER
ROLL CALL:

Councilmembers: Chalamcherla, Rodriguez, Rohrbough, Aquino, Kozlowski The City Council has adopted a policy that no new item will begin after 10:30 p.m. Therefore, if you are here for an item that has not been heard by 10:30 p.m., you may leave, as the item will be continued to a future Council meeting.

PLEDGE OF ALLEGIANCE
BUSINESS FROM THE FLOOR:

Members of the public are entitled to address the City Council concerning any item within the Folsom City Council's subject matter jurisdiction. Public comments are generally limited to no more than three minutes. Except for certain specific exceptions, the City Council is prohibited from discussing or taking action on any item not appearing on the posted agenda.

AGENDA UPDATE
SCHEDULED PRESENTATIONS:

1. Proclamation of the Mayor of the City of Folsom Proclaiming July 3 - 5, 2024 as Western Rodeo Days in the City of Folsom
CONSENT CALENDAR:

Items appearing on the Consent Calendar are considered routine and may be approved by one motion.

Councilmembers may pull an item for discussion.

Page 2 ends

3 2. Approval of June 11, 2024 Regular Meeting Minutes

3. Resolution No. 11218 – A Resolution to Declassify Four Landmark Trees Within the Joint Powers Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modernization 15 Minutes to Folsom Project

4. Resolution No. 11219 – A Resolution Amending Resolution No. 11110 and Enacting the Annual Inflationary Adjustment for City User Fees for Selected City Services

5. Resolution No. 11222 - A Resolution of the City Council Approving an Acquisition and Shortfall Agreement for the Community Facilities District No. 23 Improvement Area No. 6 (CMB Improvement Company, LLC)

6. Resolution No. 11223 – A Resolution Authorizing the City Manager to Authorize an Amendment to the Existing LEED Mechanical Agreement and Appropriation of Funds in the Form of a Five- year Loan with 4% Simple Interest from the Equipment Replacement Fund (Fund 602) to the General Fund (Fund 010) for an amount up to $1,200,000 for the Replacement Folsom Community Center HVAC System
OLD BUSINESS:

7. Resolution No. 11210 - A Resolution Adopting the Fiscal Year 2024-25 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority (Continued from June 11, 2024)

CONVENE JOINT MEETING

JOINT CITY COUNCIL AGENDA
ROLL CALL: Council / Boardmembers: Chalamcherla, Rodriguez, Rohrbough, Aquino, Kozlowski
CONSENT CALENDAR:

8. Receive and File the City of Folsom, the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority Monthly Investment Reports for the Month of March 2024

ADJOURNMENT

RECONVENE CITY COUNCIL MEETING

COUNCIL REQUESTS FOR FUTURE AGENDA ITEMS

CITY MANAGER REPORTS

COUNCIL COMMENTS

ADJOURNMENT

NOTICE: Members of the public are entitled to directly address the City Council concerning any item that is described in the notice of this meeting, before or during consideration of that item. If you wish to address Council on an issue, which is on this agenda, please complete a blue speaker request card, and deliver it to a staff member at the table on the left side of the Council Chambers prior to discussion of the item. When your name is called, stand to be recognized by the Mayor and then proceed to the podium. If you wish to address the City Council on any other item of interest to the public, when the Mayor asks if

Page 3 ends

4 there is any “Business from the Floor,” follow the same procedure described above. Please limit your comments to three minutes or less.

NOTICE REGARDING CHALLENGES TO DECISIONS: Pursuant to all applicable laws and regulations, including without limitation, California Government Code Section 65009 and or California Public Resources Code Section 21177, if you wish to challenge in court any of the above decisions (regarding planning, zoning and/or environmental decisions), you may be limited to raising only those issues you or someone else raised at the public hearing(s) described in this notice/agenda, or in written correspondence delivered to the City at, or prior to, the public hearing.

As presiding officer, the Mayor has the authority to preserve order at all City Council meetings, to remove or cause the removal of any person from any such meeting for disorderly conduct, or for making personal, impertinent, or slanderous remarks, using profanity, or becoming boisterous, threatening or personally abusive while addressing said Council, and to enforce the rules of the Council.

PERSONS INTERESTED IN PROPOSING AN ITEM FOR THE CITY COUNCIL AGEND A SHOULD CONTACT A MEMBER OF THE CITY COUNCIL.

The meeting of the Folsom City Council is being telecast on Metro Cable TV, Channel 14, the Government Affairs Channel, and will be shown in its entirety on the Friday and Saturday following the meeting, both at 9 a.m. The City does not control scheduling of this telecast and persons interested in watching the televised meeting should confirm this schedule with Metro Cable TV, Channel 14. The City of Folsom provides live and archived webcasts of regular City C ouncil meetings. The webcasts can be found on the online services page of the City's website www.folsom.ca.us.

In compliance with the Americans with Disabilities Act, if you are a person with a disability and you need a disability-related modification or accommodation to participate in this meeting, please contact the City Clerk’s Office at (916) 461-6035, (916) 355-7328 (fax) or [email protected]. Requests must be made as early as possible and at least two full business days before the start of the meeting.

Any documents produced by the City and distributed to the City Council regarding any item on this agenda will be made available at the City Clerk’s Counter at City Hall located at 50 Natoma Street, Folsom, California and at the Folsom Public Lib rary located at 411 Stafford Street, Folsom, California during normal business hours.

Page 4 ends

PROCI,AN{AITION

OF THE MAYOR OF THE CITY OF FOLSOM
PROCLAIMING JULY 3.5, 2024
AS

WESTERN RODEO DAYS IN THE CITY OF FOLSOM
WHEREAS, the City of Folsom proudly recognizes Folsom's western heritage and acknowledges the benefits of preserving the traditions and customs of the City's historyi and
WHEREAS, for over 60 years, the Folsom Pro Rodeo has been a beloved tradition, bringing together rodeo enthusiasts, families, and the Folsom community for unforgettable experiencesi and
WHEREAS, the rodeo began as a love for Folsom's rich western heritage and as a way to honor the family cattle ranches which created the community; and WHEREAS, this year's event at the Dan Russell Arena marks the 63"d anniversary of the Folsom Pro Rodeoi and
WHEREAS, event highlights include traditional rodeo events such as saddle and bareback bronc riding, steer wrestling, team roping, barrel racing, bull riding, performances by the Painted Ladies Drill Team, Flying Cowboys Motocross, rodeo .lo*rr*, nightly fireworks, mutton busting, and live music in the Saloon Under the Starsi and
WHEREAS, in honor of the trad.itional patriotic theme, the Folsom Pro Rodeo will celebrate with in arena spectacular fireworksi and
WHEREAS, the Folsom Pro Rodeo involves the assistance of hundreds of volunteers and a tremendous amount of community support.

NOW, THEREFORE, I, Mike Kozlowski, on behalf of the City of Folsom, do hereby proclaim July 3'5, 2024, as WESTERN RODEO DAYS IN FOLSOM and call upon all citizens to join in the festivities celebrating the Folsom Pro Rodeo.

PROCLAIMED this 25th day of June 2024.

Mike Kozlowski, Mayor

Page 5 ends

06/25/2024 Item No.1.

This page is intentionally left blqnk
to fo.cilitat e double - side d printing
qnd minimize paper trse.

CITY OF

DISTINCTIVE BY NATURE
FOLSON{

Page 6 ends

06/25/2024 Item No.1.

File 034-21 24-001
Folsom City Council Minutes
June 1 1,2024
Gity Gouncil Regular Meeting

MINUTES
Tuesday, June 11,2024 6:30 PM

CALL TO ORDER
The regular City Council meeting was called to order at 6:31 pm with Mayor Mike Kozlowski presiding.

ROLL GALL:

Councilmembers Present Rosario Rodriguez, Councilmember Anna Rohrbough, Councilmember
Sarah Aquino, Vice Mayor
YK Chalamcherla, Councilmember
Mike Kozlowski, Mayor
Councilmembers Absent: None

PLEDGE OF ALLEGIANCE
The pledge of allegiance was recited.

BUSINESS FROM THE FLOOR:

The following speakers addressed the City Council:

1. Summer for Hope - (youth group)

2. Alma Redhead

3. Liz Gallagher

4. Sherri Richter

5. Nancy Perry

AGENDA UPDATE
City Attorney Steven Wang advised that there was revised information for item 4 and additional information for item 12.

SCH EDULED PRESENTATIONS :

1. Proclamation of the Mayor of the City of Folsom Proclaiming the Month of June as LGBTQ+ Pride Month in the City of Folsom
Mayor Kozlowski read the proclamation.

Draft- Not Officiol lJntil Approved by the City Council Page 7

Page 7 ends

06/25/2024 Item No.2.

File 034-21 24-001
Folsom City Council Minutes
June 11,2024

2. City Manager's Fiscal Year 2023-24Third Quarter Financial Chief Financial Officer Stacey Tamagni made a presentation and responded to questions from the City Council.

GONSENT GALENDAR:

Items appearing on the Consent Calendar are considered routine and may be approved by one motion.

Councilmembers may pull an item for discussion.

3. Approval of May 28,2024 Regular Meeting Minutes

4. Resolution No. 1 1 204 - A Resolution of the City Council Approving an Acquisition and Shortfall Agreement for Community Facilities District No. 23 lmprovement Area No. 7 (Toll Brothers Phases 3A & 38)

5. Resolution No. 11205 - A Resolution Authorizing the City Manager to Execute a Non- Professional Services Agreement with Flex Grouhd to Replace the Existing Slide Landing Zone at Econome Park, and Appropriation of Contingency Funds

6. Resolution No. 11211 - A Resolution Authorizing the City Manager to Execute an Agreement with Commercial Pump and Mechanical lnc. for Pump Maintenance and Repair Services on an As-Needed Basis for Water and Wastewater Facilities

7. Resolution No. 11212 - A Resolution Authorizing the City Manager to Execute Non-Exclusive Agreements with Approved Licensed Contractors to lmplement the Sacramento Housing and Redevelopment Agency lnter-Agency Contract for the Seniors Helping Seniors Home Repair Program

8. Resolution No. 1 1 213 - A Resolution Authorizing the City Manager to Execute the Assignment and Assumption Agreement with Terry Gold, dba Golden Spike Entertainment, and Truson Buegel, Consenting to the Assignment of the Folsom Valley Railway Concession Agreement at City Lions Park
g. Resolution No. 11214 - A Resolution Approving the Preliminary Engineer's Report for the Following Landscaping and Lighting Districts for Fiscal Year 2024-2025 and Setting Public _
Hearing ior American River Canyon North, American River Canyon North No. 2, American River Canyon North No. 3, Blue Ravine Oaks, Blue Ravine Oaks No. 2, Briggs Ranch, Broadstone, Broadstone No. 4, Broadstone Unit No. 3, Cobble Ridge, Cobble Hills Ridge ll/Reflections ll, Folsom Heights, Folsom Heights No. 2, Hannaford Cross, Lake Natoma Shores, Los Cerros, Natoma Station, Natoma Valley, Prairie Oaks Ranch, Prairie Oaks Ranch No. 2, Prospect Ridge, Sierra Estates, Silverbrook, Steeplechase, The Residences at American River Canyon, The Residences at American River Canyon ll, Willow Creek Estates East, Willow Creek Estates the East No. 2, Willow Creek Estates South, and Willow Springs

10. Resolution No. 11215- A Resolution Authorizing the City Manager to Execute an Agreement with California Diesel and Power for Generator Maintenance and Repair Services on an As- Needed Basis for Water and Wastewater Facilities
1 1. Resolution No. 11217 - A Resolution Authorizing Staff to Submit Arts in California Parks Grant Application to the California Department of Parks and Recreation for the Johnny Cash Trail Art Experience Cash's Pick No. 2
Droft- Not Official lJntit Approved by the City Council Poge 2

Page 8 ends

06/25/2024 Item No.2.

File 034-21 24-001
Folsom City Council Minutes
June 1 1,2024
Motion by Councilmeilber Rodriguez, second by Gouncilmember Chalamcherla, to approve the consent calendar. Motion passed by the following roll-call vote:

AYES: Rodriguez, Rohrbough, Aquino, Ghalamcherla, Kozlowski NOES: None
ABSENT: None
ABSTAIN: None
PUBLIG HEARING:

12. Resolution No. 11210 - A Resolution Adopting the Fiscal Year 2024-25 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Aqthority, and the Folsom Ranch Public Financing Authority
City Manager Elaine Andersen and Chief Financial Officer Stacey Tamagni made a presentation and responded to questions from the City Council. Police Chief Rick Hillman, Parks and Recreation Director Kelly Gonzales, and Parks and Recreation Planning Manager Brad Nelson also responded to questions from the City Council.

The public hearing was opened at 8:29 p.m.

The following speakers addressed the City Council:

1. Joanne Brausch

2. Brett Hoffstadt

3. Nilima Patel

4. Gary Qualset

5. Robert Goss

6. Bruce Cline
The public hearing was closed at 8:49 p.m.

Motion by Vice Mayor Aquino, second by Gouncilmember Rodriguez, to approve Resolution No. 11210 with the change of instead of devoting $1.1 million to Kids Play Park, it would be a maximum of $800,000 to Kids Play Park and $300,000 to Parks and Recreation to restore landscaping services to January 2024level for the FY 2024-25.

The City Council discussed the budget, including increasing travel funding for Councilmembers, park development, funding, and continuing the matter to the next meeting.

Vice Mayor Aquino withdrew her motion.The Council agreed to continue the item to the next City Council meeting, acknowledging that they had no specific assignments for the City Manager other than to look where she could find savings.

COUNCIL REQUESTS FOR FUTURE AGENDA ITEMS
Councilmember Rohrbough inquired about cost recovery with the Parks and Recreation Department.

Councilmember Rodriguez inquired about the presentation from the Economic Development consultant.

CITY MANAGER REPORTS
Draft- Not Officiol Until Approved by the City Council Poge 3

Page 9 ends

06/25/2024 Item No.2.

File 034-21 24-001
Folsom City Council Minutes
June 11,2024
City Manager Elaine Andersen spoke about closures of open spaces with high fire potential, business licenses, the fire explorer program, PG&E gas meter maintenance work, and free Friday evening concert series.

COUNGIL COMMENTS
Councilmember Rodriguez had no comments.

Councilmember Rohrbough had no comments.

Councilmember Chalamcherla spoke about an eagle scout ceremony, planting trees, and the California Tax and Fee Administration.

Vice Mayor Aquino had no comments.

Mayor Kozlowski spoke about the Powerhouse Ministries graduation, SACOG, the Central Business District Committee, the Sacramento Regional Transit meeting, Folsom Takes Action, the HART of Folsom meeting, a community party in the Folsom Plan Area, and meeting Erik Estrada at Red Bus Brewing Company.

ADJOURNMENT
There being no further business to come before the City Council, the meeting was adjourned at 10:11 p.m.

SUBMITTED BY:

Christa Freemantle, City Clerk
ATTEST
Mike Kozlowski, Mayor
Droft- Not Official Until Approved by the City Council Poge 4

Page 10 ends

06/25/2024 Item No.2.

Folsom City Council
Staff ort
COUN
Adopt Resolution No. 11218- A Resolution to Declassiff Four Landmark Trees within the Joint Powers Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modemization 15 Minutes to Folsom Project.

BACKGRO / ISSIM,
Longstanding trees contribute to the City of Folsom's character and "Distinctive by Nature" adage. One of the ways in which the City of Folsom shows recognition for particularly noteworthy specimens is through a Landmark Tree Registry. Landmark trees are trees that have been designated by the City Council as exceptional due to outstanding characteristics, special ecological contributions, or historical importance.

On March 9,1999,the City Council adopted Resolution No. 591 I - A Resolution Establishing Landmark Tree Designation at the JPA Right-of-Way on Folsom Boulevard Between Bidwell Street and Blue Ravine Road to underscore the historical and ecological value of the native trees along the Folsom Boulevard scenic corridor. The associated staff report called attention to the possibility that the Joint Powers Authority (JPA), as the property owner, may potentially need to declassiff one or more Landmark Trees for light rail improvements in the future. By designating the trees along the Folsom Blvd JPA corridor as Landmark Trees, the City Council became the decision-making body for any future requests for declassification for the purposes of any tree removals that might be necessary for light rail improvements. 1 MEETING DATE: 6t2s12024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1218 - A Resolution to DeclassiS, Four Landmark Trees withinthe Joint Powers Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modernization 15 Minutes to Folsom Project
FROM: Community Development Department

Page 11 ends

06/25/2024 Item No.3.

JPA Landmark Grove
Aerial image illustrating the location and span of the Joint Powers Authority (JPA) Landmark Grove, which traverses along the east edge of Folsom Blvd between Blue Ravine Rd and Bidwell St.

On January 23,2024, City Council adopted ResolutionNo. I ll59 - A Resolution to Declassifu Five Landmark Trees within the Joint Powers Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modernization I5 Minutes to Folsom Project to allow for construction of a passing track, an additional loading platform at the Glenn station, and the adaptation of the existing platform at this station to accommodate modernized rail vehicles. Collectively, the improvements are anticipated to increase the operation of light rail trains from the Sunrise Station (Rancho Cordova) to the Historic Folsom Station reducing train headway capacity from every 30 minutes to l5 minutes.

Unfortunately, as the light rail improvements progressed, Sacramento Regional Transit (SacRT) discovered additional tree removals needed to occur as a result of their project.

Consequently, a second application to declassifr thirteen more Landmark Trees within the Folsom Blvd JPA Grove was submitted to the Community Development Department to bring forward for Council consideration. On February 13,2024, City Council adopted Resolution No. 11164 - A Resolution to Declassify Thirteen Landmark Trees within the Joint Powers 2 Page 12
06/25/2024 Item No.3.

Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modernization 15 Minutes to Folsom Project.

The initial Landmark Tree declassification application submitted by SacRT (and subsequent adopted resolution) identified five trees requiring removal. However, because SacRT did not have the trees within the Folsom Blvd JPA Grove surveyed and mapped in conformance with requirements set forth in Folsom Municipal Code 12.16.140 as part of their project design, additional tree impacts continue to emerge as their project progresses.

A third application to declassifi'trees within the Landmark Grove has now been submitted to the Community Development Department. This application identifies four additional native oak trees that will require removal and eight others that will need to be pruned to accommodate the lightrail overhead powerlines, which were not accurately accounted for inprevious reports.

Excerptfrom the arborist report prepared by Dokken Engineering showing proposed tree work prescriptions within the JPA Landmark Grove to accommodate the planned light rail improvements

POLICY / RULE
Native oak species measuring six inches in diameter at standard height (54" above grade) and greater are protected under Chapter 12.16 as Native Oak Trees, requiring a staff level discretionary tree permit prior to removal. In accordance with Section 12.16.170 of the Folsom Municipal Code, the Landmark Tree designation established under Resolution No. 5911 adds J
T166 lmprctl
. Prolsct ln PlaB
t RimovrTrt6
o fimTri.
rlsrr 0.&o* llboir*.q.*jilLr s4. sd{41*h4 Flguro 3
Treo lmpactr Map
Sh66l 1 ot4
SacRT Folfom Llght Rell
Modemlation Oouble Treck Prclecl@
'l lnch E 2!O liltrcFest
300 400

Page 13 ends

06/25/2024 Item No.3.
protections to all trees within the JPA corridor, inclusive of oak trees smaller than six inches in diameter at standard height and non-oak species that would not otherwise be protected.

Additionally, the Landmark Tree status escalates the review body for declassification/removal from City staff to the City Council.

Section 12.I6.170(D) of the Folsom Municipal Code allows a property owner to submit an application to the Community Development Department, requesting that the City Council declassifu by resolution a tree or group of trees previously designated as a Landmark Tree(s).

In order to remove the landmark designation of a tree, the City Council must find that the tree is no longer a significant community benefit because it meets one or more of the following factors:
1) The tree(s) has significantly deteriorated in health or appearance. 2) The tree(s) no longer possesses habitat value.
3) The tree(s) prevents reasonable use of the property.

If the City Council declassifies a tree or group of trees previously designated as a Landmark Tree, a copy of the resolution is provided to the property owner and the city's Urban Forester will remove the tree(s) from the Landmark Tree Registry. Subsequently, the owner/applicant may submit a tree removal permit application to the Community Development Department and mitigate for the removals in accordance with Folsom Municipal Code 12.16.150.

ANALYSIS
The species distribution of tree resources within the project area of the JPA Landmark Grove is comprised primarily of interior live oak (Quercus wislizeni), with a small number of blue (Q. douglasii) and valley (Q, lobata) oaks interspersed throughout; along with a handful of California black walnut (Juglans hindsii). An updated survey of all the trees located in proximity to the project area can be found within the arborist report, included herein as Attachment 3. Of the Landmark Trees surveyed, 39 will require pruning to accommodate the proposed permanent features of the project or the necessary clearance for access during construction. Said pruning will require a tree work permit from the Community Development Department, must be performed by an arborist certified with the International Society of Arboriculture, and must conform with all applicable City standards and policies.

During the ongoing construction, the project proponent has established a tree protection zone (TPZ) by enclosing all Landmark Trees to be retained in high-visibility exclusionary fencing affixed with weatherproof warning signs. Said fencing encompasses as much of the critical root zone as possible in order to allow for the work and shall remain in place for the duration ofthe project.

Twenty-two (22) trees total (including the trees listed in the current application) within the project area are located within the footprint of the proposed project improvements or are 4 Page 14
06/25/2024 Item No.3.
otherwise in such close proximity that the necessary pruning for required clearances would constitute a critical impact resulting in the likely death of the tree. If the SacRT Light Rail Modernization Double Track Project is to move forward, four additional Landmark Trees will need to be removed . AIl22 trees are delineated in Table 1 below with the four newest additions emphasized in bold text. Following the table is stafPs assessment of applicability for each of the three findings in Section I2.16.I70(DX2) in consideration for declassification from Landmark status.

Table 1
Oaks Proposed for Removal
The trees have signi/icantly deteriorated in health or qppearance Based on the information provided in the arborist report, which has been verified by the Urban Forester, the subject trees are in good condition. Therefore, this finding would not apply in consideration for declassification of the Landmark Tree designation. 5 20,,Ouercus wislizeni good4829 Interior live oak
eood tt,Ouercas lobata4830 Valley oak
Removed under Reso No. I I164 14"Quercus lobata4831 Valley oak Removed under Reso No. I I 164 11"Quercus wislizeni4834 Interior live oak qood ,t1fnterior live oak Quercas wislizeni4835A
Removed under Reso No. I I 164 8"Juslans hindsii4837 Black walnut 7"Removed under Reso No. I I 164Interior live oak Quercus wislizeni4839 5"Removed under Reso No. 1 I 164Valley oak Quercus lobata4842 ,)4Juslans hindsii Removed under Reso No. 111644845 Black walnut 16"Ouercus wislizeni Removed under Reso No. 1l1644878 Interior live oak 2r"Ouercus douslasii Removed under Reso No. I I1594880 Blue oak 7"Quercus wislizeni Removed under Reso No. I I 1594882 Interior live oak ,)
1Quercus wislizeni Removed under Reso No. I I 1594885 Interior live oak Removed under Reso No. 1l159 )t
1Quercus wislizeni4893 Interior live oak
Removed under Reso No. l1 159 2"Quercus lobata4894 Valley oak Removed under Reso No. I I 164 ),5Quercus wislizeni4939 Interior live oak good 3rtQuercus lobata49404 Valley oak
2"Removed under Reso No. 11164Interior live oak Quercus wislizeni494r 2"Removed under Reso No. 11164Interior live oak Q.uercus wislizeni4942 ),
1Removed under Reso No. I I 164Black walnut Juglans hindsii4943 ,)
1Ouercus lobata Removed under Reso No. I I 1644947 Valley oak )t
1Ouercus lobata Removed under Reso No. I I1644948 Valley oak TOTAL NEW 35"
TOTAL ALL 144"
Tag # Common Namc llotanical Namc Condition DSFI
The trees no longer have habitat value

Page 15 ends

06/25/2024 Item No.3.

Native oaks (genus Quercus) are keystone species, supporting more life-forms than any other tree genus in North America. Additionally, the California black walnut tree furnishes a substantial food source for many small mammals and birds. As such, this finding would not apply in consideration for declassification of the Landmark Tree designation.

The trees prevent reasonable use ofthe property
As described in the paragraphs above and illustrated in the supplemental documents attached to this report, SacRT contends that the additional four subject trees cannot feasibly be retained concurrently with their project as presently designed. Staff have reviewed the application documents and confirmed that the Light Rail Modemization project as designed is not compatible with the retention of the trees enumerated above in Table 1.

CONCLUSION
The Urban Forester has confirmed the SacRT Light Rail Modemization endeavor cannot proceed congruently with retention of the Landmark Trees listed within this report as the project is currently designed. Thus, staff agree that a finding may reasonably be made for declassification under Folsom Municipal Code 12.16.170(D)(2)(3): The tree(s) prevents reasonable use of the property.

As such, staff forward for City Council consideration Resolution No. ll2l8 - A Resolution to Declassify Four LandmarkTrees within the Joint Powers Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modernization I5 Minutes to Folsom Project with the expectation that the project proponent will remove and mitigate the subject trees in accordance with the Chapter 12.16 of the Folsom Municipal Code.

FINANCIAL IMPACT
The applicant has supplied the $287 application fee for declassiSing a Landmark Tree designation. If approved by City Council, the resolution to declassifu the subject trees will allow the applicant to submit a tree removal permit and associated mitigation in-lieu fees (estimated at $8,750) to the Community Development Department.

Pursuant to Section 12.16.160 of the Folsom Municipal Code, the anticipated mitigation fees will be deposited into the City's Tree Planting and Replacement Fund, which is utilized for tree planting projects, administration of supplemental tree programs, and maintenance of Landmark Trees.

ENVIRONMENTAL REVIEW
In consideration of environmental imp4cts, SacRT prepared an Initial Study and Mitigated Negative Declaration (IS/MND) for the project in January of 2020 in accordance with the California Environmental Quality Act (CEQA). The study found thata less-than significant 6 Page 16
06/25/2024 Item No.3.
impact on air qualrty and biological resources is expected from the project as a result of tree removals contingent upon the preparation of an arborist survey and mitigation for the tree removals through either a tree replacement plan or payment of in-lieu fees in conformance with local j urisdictional policies.

In keeping with the findings of the IS/MND, SacRT has acquired an arborist survey and plans on mitigating for the removal of the five subject trees through payment of the associated inJieu fees as outlined in Section 12.16.150 of the Folsom Municipal Code.

The full IS/MND document can be accessed by visiting: com/ content/uploads/Folsom-Gold-Line-Double-Track-Final-IS-MND-Jan-2020.pdf

ATTACHMENTS
l. Resolution No. 11218 - A Resolution to Declassi$ Four Landmark Trees within the Joint Powers Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modemization 15 Minutes to Folsom Project.

2. Original SacRT Letter of Justification
3, Arborist Report Addendum (Dated May 2024)

4. Arborist Report

5. Light Rail Modernization Improvement Plan Excerpt

6. Resolution No. 5911 - A Resolution Establishing Landmark Tree Designation at the JPA Right-of-Way on Folsom Boulevard Between Bidwell Street and Blue Ravine Road
7 . Resolution No. 1l159 - A Resolution to Declassifu Five Landmark Trees within the Joint Powers Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modernization 15 Minutes to Folsom Project

8. Resolution No. 11164 - A Resolution to Declassifi Thirteen Landmark Trees within the Joint Powers Authority Landmark Grove to Allow for Removal as Part of the Sacramento Regional Transit Light Rail Modernization 15 Minutes to Folsom Project

9. Current Map of Landmark Trees
Submitted,

PAM JOHNS
Community Development Director
7 Page 17
06/25/2024 Item No.3.

ATTACHMENT 1
RESOLUTION NO. II2I8. A RESOLUTION TO DECLASSIFY

FOUR LANDMARI( TREES WITHIN THE JOINT POWERS

AUTHORITY LANDMARK GROVE TO ALLOW FOR REMOVAL

AS PART OF'THE SACRAMENTO REGIONAL TRANSIT LIGHT
RAIL MODERNIZATION 15 MINUTES TO F'OLSOM PROJECT

Page 18 ends

06/25/2024 Item No.3.

RESOLUTION NO. II2I8

A RESOLUTION TO DECLASSIFY FOUR LANDMARK TREES WITHIN THE JOINT

POWERS AUTHORITY LANDMARI( GROVE TO ALLOW FOR REMOVAL AS

PART OF THE SACRAMENTO REGIONAL TRANSIT LIGHT RAIL
MODERNIZATION 15 MINUTES TO FOLSOM PROJECT
WHEREAS, Section 12.16.020 of the Folsom Municipal Code defines Landmark Trees as a tree or group of trees determined by the City Council to confer a significant community benefit to the general public due to the size, age, location, historic association or ecological value; and WHEREAS, Resolution No. 5911 - A Resolution Establishing Landmark Tree Designation at the JPA Right-of-Way on Folsom Boulevard Between Bidwell Street and Blue Ravine Roadwas adopted on March 9,1999, to underscore the historical and habitat contribution of the native grove along Folsom Boulevard JPA scenic corridor. The associated staff report also called attention to the possibility that the Joint Powers Authority (JPA), as the property owner, may potentially need to declassifr one or more Landmark Trees for light rail improvements in the future; and
WHEREAS, the City of Folsom Urban Forester has conducted a review of an application to declassifu four trees within the abovementioned Landmark grove in anticipation of removal for the SacRT Light Rail Modernization 15 Minutes to Folsom Project and confirmed retention of the subject trees conflicts with the project as designed; and WHEREAS, the Community Development Department has confirmed that the trees affixed with tag numberc 4829,4830, 48354, and 4940A quali$ for declassification of Landmark Tree status for the reason that they prevent reasonable use ofthe property; and WHEREAS, notice has been given in the manner required by Ctty Code; and NOW' THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom hereby finds the SacRT Light Rail Modernization 15 Minutes to Folsom project cannot move forward unless the Landmark Trees affixed with tag numbers 4829, 4830,48354, and 49404 are removed and there are no reasonable alternative measures to construct the project as designed and retain the trees; and
BE IT FURTHER RESOLVED that following declassification of the trees affixed with tag numbers 4829,4830, 48354, and 4940A, the SacRT Light Rail Modemization 15 Minutes to Folsom project proponent will obtain a tree removal permit and mitigate the subject trees pursuant to Section 12.16.150 of the Folsom Municipal Code; and
BE IT FURTHER RESOLVED that all other trees within the JPA Landmark Grove shall be protected and managed consistent with ANSI A300 Standards, the International Society of Arboriculture's most recent Best Management Practices publications, and all applicable City of Resolution No. 11218
Page I of3 Page 19
06/25/2024 Item No.3.

Folsom standards and policies for the duration of the SacRT Light Rail Modemization 15 Minutes to Folsom project; and
BE IT FURTHER RESOLVED that the oaks affixed with tag numbers 4829,4830, 4835A, and 4940A as shown on Exhibit A, are hereby declassified from Landmark Tree status under Chapter 12.16 of the Folsom Municipal Code.

PASSED AND ADOPTED this 25ft day of June 2024,by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. 11218
Page2 of3 Page 20
06/25/2024 Item No.3.

Exhibit A
Site Map and Tree Removal Table
#4829
#49404
#4835A #4830
(p 1 lnoh . 260 t .t
Flgure 3
Ti€o lmpactB MapSh6t 1 of 4
100 200 300
Excerpt from the arborist report prepared by Dokken Engineering illustrating the locations ofthe thirteen trees pr op o s ed for decl as s ifi c ation.

ResolutionNo. 11218

Page 3 ends

20"soodAuercas wlslizenl4829 Interior live oak
ll"soodOuercus lobala4830 Valley oak
14"Ouercus lobata Removed under Reso No. 11164Valley oak483 I I l"Removed under Reso No. l l 164Quercus wislizeni4834 Interior live oak t,goodOuercus wislizeni4835A Interior live oak
Removed under Reso No. 1 I 164Juslans hindsii4837 Black walnut Removed under Reso No. I I 164Ouercus wislizeni4839 Interior live oak 5"Removed under Reso No. l l l64Ouercus lobata4842 Valley oak Removed under Reso No. I I 164Juslans hindsii4845 Black walnut 16"Removed under Reso No. 1 1164Interior live oak Quercus wislizeni4878 2t"Removed under Reso No: 1 1159Ouercus douglasii4880 Blue oak Removed under Reso No. I 1159Ouercus wislizeni4882 Interior live oak Removed under Reso No. 11159Ouercus wislizeni4885 Interior live oak Removed under Reso No. 11159Quercus wislizeni4893 Interior live oak 2"Removed under Reso No. 1 1159Ouercus lobata4894 Valley oak Removed under Reso No. I I 164 5"Ouercus wislizeni4939 Interior live oak 3t,soodVallev oak Otercus lobala4940L
Removed under Reso No. 1 1164Ouercus wislizeni4941 Interior live oak Removed under Reso No. I 1164Ouercus wislizeni4942 Interior live oak Removed under Reso No. I I164Black walnut Juslans hindsii4943 Removed under Reso No. I 1164Quercus lobata4947 Valley oak Removed under Reso No. 11164Ouercus lobata4948 Valley oak TOTALNEW 35"
144"TOTALALL
"'',rlilli. , .rr.i, i.l.:-r;r.r;' :1.1.,' ill.1r.1r;lrl.;1;:ir,,'i ,lri:' llotanical Name I)SHConditionColnnron N:rnteTa #

Page 21 ends

06/25/2024 Item No.3.

ATTACHMENT 2

ORIGINAL SACRT LETTER OF JUSTIFICATION

Page 22 ends

06/25/2024 Item No.3.

Regional
Transit
sacramento Regional
Transit District
A Public Transit Agency
and Equal Opportunlty Employer
Admi nistrative Offices
14t)0 29th Street
Sacramento, CA 95816
91&321-2800
Mailing Addrcss
P.O. Box 2110
sacramento, cA 95812-21 10
Human Resources
2810 O Street
Sacramento, CA 95815
916-556-0299
Customgr Servlce &
Sal€5 Cent€r
1225 R Street
sacramento, cA 958'1 1
Route, Schedule & Farc
lnformatlon
916-321-BUSS (2877)
TDD 916483-HEAR (4327)
sacrt,com
Public Transit Since 1973

VIA EMAIL TRANSMISSION ONLY
December 11,2023
Atte: Bryan Holm
City Hall
50 Natoma Street
Folsom CA,95630
Re: Rail Modernization - 15 Minute Service to Folsom Project Subject: Tree Removal Justification Memo
There are four trees that require removal to construct Track Work as part of the SacRT 15 Minute Service to Folsom Project as shown on the attached plan sheet C- 01 1. The Mitigation Monitoring and Reporting Plan approved 1011312021 requires a tree removal permit from the City of Folsom.

The Folsom City Arborist has informed us that these trees are part of a Landmark Grove that was designated by the City Council approximately 30 years ago; and that these trees cannot be removed from a Landmark Grove without first having them "declassified" by the City Council. ln order for the Council to make this declassification, they need to determine one of the following:

1. The tree is dead or dying with no reasonable alternative measures available to improve tree condition (i.e., mulching, irrigating, pruning, cabling, etc.); or

2. The tree no longer has habitat value; or

3. The tree prevents reasonable use of the property, and no feasible alternative measures exist to retain the subject tree concurrently with a specified reasonable use.

Unfortunately, per ltem 3 above, there are no feasible alternatives that exist to retain the trees and deliver the project as planned due to the site constraints of adjacent roadways, dynamic train envelope, overhead catenary system, and sight distance.

Please accept this letter as justification to remove the trees shown on Plans sheet C- 011. Your timely consideration is appreciated as our contractor, Aldridge Electric lnc., did coordinate with the City well in advance, but we understand that our contractor was not provided the above requirements.

Sincere ly

DALIA SIDAHMED
Resident Engineer
Engineering and Construction

SACRAMENTO REGIONAL TRANSIT DISTRICT
c: (279) 234-6730
e: [email protected]
2811 O Street, Sacramento, CA 95816

Page 23 ends

06/25/2024 Item No.3.

ATTACHMENT 3
ARBORIST REPORT ADDENDUM DATED MAY 2024

Page 24 ends

06/25/2024 Item No.3.

Arborist Report
SacRT Folsom Light Rail Modernization Double Track
Project (va) - Addendum 1
Prepared for:

The City of Folsom
50 Natoma Street
Folsom, California 95630
Prepared by:

Dokken Engineering
110 Blue Ravine Road, Suite 200
Folsom, California 95630
May 2024

Page 25 ends

06/25/2024 Item No.3.

Table of Contents
Table of Contents
Ghapter'1. lntroduction
L.l. SurveyMethodologY......

Ghapter 2. AdditionalTree lmpacts
2,1. Description & Justification for Additional Tree Work."....'.'.

2.1.1. Tree 4829,24-inch lnterior Live Oak (Removal)

2.1.2. Tree 4830, LL-inch Valley Oak (Removal)..'."....

2.L.3. Tree 48354, 1-inch lnterior Live Oak (Removal).....'.' Tree 4836, 31-inch Valley Oak (2nd Round of Trimming) .'........

Iree 4841.,28-inch lnterior Live Oak (1't Round of Trimming) .

Tree 4849, 6L-inch lnterior Live Oak (2nd Round of Trimming) Tree 4850, 121-inch lnterior Live Oak (1't Round of Trimming) Tree 4873,37-inch lnterior Live Oak (2nd Round of Trimming)

2.1,.9. Tree 4876,23-inch lnterior Live Oak (2nd Round of Trimming) .'..

2.t.t}. Tree 4881, 19-inch lnterior Live Oak (2nd Round of Trimming)

2.L.11. Tree 4888, 38-inch lnterior Live Oak (2nd Round of Trimming)

2.'J..L2. Tree 49404, 3-inch Valley Oak (Removal)
2,2. Tree Declassification & Mitigation
List of Tables
Table {. AdditionalTree lmpacts Summary Table.'..'..

Table 2. Mitigation Requirement
List of Figures
Figure 1. Additional Tree lmpacts.

2.1.4. 2.1..5.

2.1.6. 2.r.7.

2.1..8.
1 t
2 2
2 2
2 3
3 3
3 3
3 3
3 4
4 2
4 5
SacRT Folsom Light Rail Modernization Double Track Project Arborist Report (v4) - Addendum 1
Page i

Page 26 ends

06/25/2024 Item No.3.

Ghapter 1. lntroduction
The Sacramento Regional Transit District (SacRT) proposes to construct the SacRT Folsom Light Rail Modernization Double Track Project (Project) along Folsom Boulevard at the Glenn Station between Glenn Drive and Parkshore Drive within the City of Folsom. An arborist survey was completed in the fall of 2023 to inventory the trees within the project footprint. An Arborist Report was prepared in January 2024 to quantify tree impacts and SacRT subsequently obtained the necessary tree permits and landmark tree declassifications to complete the tree work as described in the arborist report.

Tree trimming and removals described in the Arborist Report were completed on May 21, 2024; however, additional tree work is required to meet minimum clearance requirements for the light rail overhead powerlines. The purpose of this addendum is to document the additional trees that will either need to be trimmed for the first time, trimmed again, or removed to meet the minimum clearance requirements.

1.1. Survey MethodologY
After tree trimming and removals were completed in accordance with the Arborist Report on May 21, 2024, the project area was inspected by lnternational Society of Arboriculture (lSA) certified arborist Scott Salembier (WE-12418A) and Katelynn Mosier, the Project Manager for the contractor completing the double track project on May 22,2024.

Using field survey stakes and project plan sheets, it was determined which of the remaining trees would still conflict with the new overhead lines and need additional trimming. The percentage of the canopy that must still be removed was visually estimated. lf the required trimming would remove too much of the canopy, disfigure the tree, or otherwise significantly damage the tree, it was recommended for removal.

SacRT Folsom Light Rail Modernization Double Track Project Arborist Report (v4) - Addendum 1
Page L

Page 27 ends

06/25/2024 Item No.3.

Ghapter 2. Additional Tree lmpacts
A total of 13 trees must still be either trimmed, trimmed again, or removed. These trees are summarized in Table 1 below and impacts are discussed in greater detail in the following section.

Table 1. AdditionalTree lmpacts Summary Table
2,1. Description & Justification for Additional Tree Work 2,1.1. Tree 4829, 24-inch lnterior Live Oak (Removal)
Lower branches of this tree were previously trimmed as described in the arborist report; however, ln order to meet the increased vertical clearance for the light rail overhead power lines, approximately 50% of the remaining canopy would need be removed including one of the tree's main leaders. Trimming to this level would have a similar effect as topping and would leave a disfigured tree more prone to erratic growth and premature failure. ln addition, the remaining canopy would closely overhang the new high-voltage lines and pose a potential fire and public safety risk. lt is therefore recommended for removal.

2.1.2. Tree 4830, 1l-inch Valley Oak (Removal)
Lower branches of this tree were previouslytrimmed as described in the arborist rdport. The entire tree canopy is leaning out over the planned power lines and in order to meet the increased vertical clearance for the light rail overhead power lines, more than 80% of the canopy would need to be removed including all of the main leaders. This would effectively top the tree and leave a disfigured trunk with almost no canopy to support it. The tree is therefore recommended for removal.

2.1.3. Tree 4835A, 1-inch Interior Live Oak (Removal)
This small tree was not picked up during the previous arborist surveys and was only noticed after surrounding underbrush was cleared out. The tree is within the footprint of compacted fill for the new track and must be removed.

SacRT Folsom Light Rail Modernization Double Track Project Arborist Report (v4)- Addendum 1
Trim Remove24 20 Good4829 lnterior live oak
T1 Good Trim Remove4830 Valley oak 7t
None Remove1 t Good4835A lnterior live oak
Yes Trim 2nd Trim31 3L Good4836 Valley oak
Good None Trim4841 lnterior live oak 28 28
35 Good Yes Trim 2nd Trim4849 lnterior live oak 6t
Yes None Trimt2t 47 Good4850 lnterior live oak
Good None Remove48724 Crepe Mvrtle 5 5
2nd Trim37 Good Yes Trim4873 lnterior live oak 37
Good Trim 2nd Trim23 234876 lnterior live oak
10 Good Trim 2nd Trim4881 lnterior live oak 79
Trim 2nd Trim38 38 Good Yes4888 lnterior live oak
Good None RemoveValley oak 3 349404

Page 2 ends

Page 28 ends

06/25/2024 Item No.3.

Chapter 2. AdditionalTree lmpacts

2.1.4. Tree 4836, 31-inch Valley Oak (2nd Round of Trimming) Low hanging branches of this tree were previously trimmed as described in the Arborist Report' Two additional branches making up about 10 percent of the remaining canopy must now be removed to meet the increased clearance requirements.

2.1.5. Tree 4841,28-inch Interior Live Oak (1"t Round of Trimming) This tree has not been pruned; however, with the increased vertical clearance minor trimming of outer branches will be necessary to keep the branches out of the power lines. Heading cuts may be necessary to slow the rate of future growth towards the lines. Less than 5 percent of the canopy will need to be removed.

2.1.6. Tree 4849, 61-inch lnterior Live Oak (2nd Round of Trimming) Low hanging branches of this tree were previously trimmed as described in the Arborist Report.

Two additional limbs must either be removed or reduced with heading cuts to maintain clearance from the power lines. Less than 5% of the remaining canopy must be removed.

2.1.7. Tree 4850, 121-inch lnterior Live oak (1"t Round of Trimming) The tree was not trimmed during previous tree work. Reducing cuts are required on two outer branches to maintain clearance from the power lines. Less than 5% of the canopy must be removed.

2.1.8. Tree 4872A, S-inch Grepe Myrtle (Removal)
This tree is not part of the Landmark Grove along Folsom Boulevard but is a protected street tree in the center median of Glenn Road. Relocated crossing guards on Glenn Road require the removal of the tree.

2.1.9. Tree 4873, 37-inch Interior Live Oak (2nd Round of Trimming) Low hanging branches of this tree were previously trimmed as described in the Arborist Report.

Minor/incidental additional trimming is needed for clearance from the power lines. Less than 5% of the canopy must be removed.

2.1.10. Tree 4876, 23-inch Interior Live oak (2nd Round of Trimming) Low hanging branches of this tree were previously trimmed as described in the Arborist Report' With the increased vertical ctearance requirement, more of the canopy is now in conflict with the power lines and approximately 30% of the remaining canopy would need to be removed which exceeds ANSI standards. The tree is in good health and while removing this much of the canopy is not ideal, the main leaders will not be removed and the tree has a good chance of recovering.

2.1.11. Tree 4881, 19-inch lnterior Live Oak (2nd Round of Trimming) Low hanging branches of this tree were previously trimmed as described in the Arborist Report.

One additional reduction cut must be made on a large branch to maintain clearance to the power lines. This will remove approximately 10% of the remaining canopy'

2.1.12. Tree 4888, 38-inch lnterior Live Oak (2nd Round of Trimming) Low hanging branches of this tree were previously trimmed as described in the Arborist Report.

Additional trimming is required to maintain clearance between the tree and power lines. This would remove approximately 5% of the remaining canopy.

SacRT Folsom Light Rail Modernization Double Track Project Arborist Report (v4) - Addendum L

Page 3 ends

Page 29 ends

06/25/2024 Item No.3.

Chapter 2. Additional Tree lmpacts

2.1.13. Tree 4940A, 3-inch Valley Oak (Removal)
This small tree was not picked up during the previous arborist surveys and was only noticed after surrounding underbrush was cleared out. The tree is within the footprint of compacted fill for the new track and must be removed.
2,2. Tree Declassification & Mitigation
Five additional trees need to be removed to complete the project. These trees are either rooted within the grading limits of the project or so much of the tree canopy would need to be trimmed that the tree is unlikely to survive or thrive after construction. Four of these trees are part of the Designated Landmark Grove and must first be declassified before they can be removed. The Sth tree is not part of the Landmark Grove and does not need to be declassified but does need to be permitted and mitigated as a City Street Tree.

Compensatory mitigation for the 5 additional trees that must be removed will be required on an inch per inch basis before construction may proceed. Per the City ordinance, the extrapolated DSH is used to determine the mitigation needed for each tree. Table 6 below lists the trees that must be removed and the DSH replacement mitigation requirement.

Table 2. Mitigation Requirement
Tag # Species
Extrapolated
DSH
Health Rank Replacement
Ratio
DSH
Replacement
Requirement
4829 lnterior live oak 20 Good 1:L 20
4830 Valley oak tt Good t:L 11.
48354 lnterior live oak L Good t:t 1.
48724 Crepe Mvrtle 5 Good L:t 5
49404 Valley oak 3 Good I:I 3
Under the City's tree ordinance, mitigation may take the form of on-site planting, payment of in- lieu fees, or preservation of existing protected trees measuring one-inch DSH or greater.

SacRT is electing to mitigate for the removal of 40 additional DSH inches by paying the in-lieu fee. Current in-lieu fees are $250/inch. ln-lieu fee payment is estimated to be $10,000.

SacRT Folsom Light Rail Modernization Double Track Project Arborist Report (v4) - Addendum L

Page 4 ends

Page 30 ends

06/25/2024 Item No.3.

Is
I
lmpact
X Trees Requiring Declassification & Removal
o Trees Requiring Additional Trimming
. Trees Not lncluded in This Addendum
Source: Esd, Digblclob, GsEye, Ea6*rGsFphi6, CNEgAtus DS, USDA, USGS,torocRlD, lGN, and tu GIS G€.Community cEad by: s@b, Dde:5/232024
Figure 1
Additional Tree lmpacts Map
SacRT Folsom Light Rail
Modernization Double Track Project
1 inch = 168 feet
reFeet
0 100 200 300 400
@

Page 31 ends

06/25/2024 Item No.3.

ATTACHMENT 4

ARBORIST REPORT

Page 32 ends

06/25/2024 Item No.3.

Arborist Report
SacRT Folsom Light Rail Modernization Double Track
Project (v4)
Prepared for:

The City of Folsom
50 Natoma Street
Folsom, California 95630
Prepared by:

Dokken Engineering
110 Blue Ravine Road, Suite 200
Folsom, California 95630
January 2024

Page 33 ends

06/25/2024 Item No.3.

Table of Contents
Table of Gontents
Ghapter {. lntroduction........

1.1. ProjectDescription
L,2, City of Folsom Tree Ordinance.....'...

1.3. SurveyMethodologY
Ghapter 2. Tree Survey Resu|ts........,..

2.7. Protected Tree Status .........

Ghapter 3. Project lmpacts & Discussion

3.7. Tree lmpact Summary

3.2. Tree Trimming

3.3. TreeRemoval&Mitigation........,....'..

List of Tables
Table 1. ASCA Tree Rating System.,.....,..

Table 2. Tree Replacement Equivalency Table
Table 3. Tree Health and Structure Rating System....'...

Table 4. Tree Survey Results
Table 5. Trees that will be Trimmed
Table 6. Mitigation Requirement
List of Figures
Figure 1. Project Vicinity .

Figure 2. Project Location
Figure 3. Tree lmpacts
.3
.3
.6
.7
L0
L2
13 2
2 2
6 7
9 10
L0
L0
t2
4 5
SacRT Folsom Light Rail Modernization Double Track Project Arborist Report
Page i

Page 34 ends

06/25/2024 Item No.3.

Ghapter 1. lntroduction
The Sacramento Regional Transit District (SacRT) proposes to construct the SacRT Folsom Light Rail Modernization Double Track Project (Project) along Folsom Boulevard at the Glenn/Robert G. Holderness Station between Glenn Drive and Parkshore Drive within the City of Folsom, California. This report presents the results of an arborist survey conducted to quantify tree resources present within the project footprint. ln addition to relaying current size and health of each tree within the project area, this report also presents an assessment of the effects of the proposed project on each tree.

1.1. ProjectDescriPtion
SacRT proposes to improve its light rail service to Folsom along its Gold Line. The improvements would allow light rail trains to operate every 15 minutes from the Sunrise Station to the Historic Folsom Station, rather than the current 30 minutes. The improvements are part of the "Folsom Light Rail Modernization Project" that collectively includes new low-floor light rail vehicles, modification to station platforms to accommodate the new vehicles, and addition of new passing tracks and signalization. Current service between the Sunrise Station and the eastern terminus of the Gold Line at the Historic Folsom Station (at Leidesdorff Street and Folsom Boulevard) is impeded because only a single track provides service between these stations. To remedy this operational constraint, the proposed project includes "double tracking" (or installing a passing track) in two locations; updating the signal system that controls train movements so that trains will be able to operate inbound and outbound between the Sunrise and Historic Folsom Stations with little or no delay; adding a second loading platform at the Glenn and Hazel Stations; and modifying the existing platforms at these stations to accommodate the new low-floor light rail vehicles.

1.2, Gity of Folsom Tree Ordinance
The City regulates the removal, pruning, and impacts to Protected Trees under the Tree Preservation and Protection Ordinance (Chapter 12.16 of the Municipal Code). The ordinance defines Protected Trees as including Native Oak Trees, Heritage Trees, Landmark Trees, and Regulated Trees.

Native Oak Trees include: valley oak(Quercus lobata), blue oak (Quercus douglasii), interior live oak (Quercus wislizenf, and coast live oak (Quercus agrifolia) with a single trunk diameter at standard height (DSH) of 6 inches or greater or a combined DSH of 20 inches or greater for multi- stem trees.

Heritage trees include any tree on the City's Master Tree List with a DSH over 30 for single stemmed trees or over 50 for multi-stemmed trees.

Landmark trees include any tree or group of trees that have been determined by the City Council to confer a significant community benefit to the general public.

Regulated trees include trees required by City zoning code such as parking lot shade, street trees, or trees required as conditions of a development project.

Railroad Street lmprovement Project
Arborist Report
Page2

Page 35 ends

06/25/2024 Item No.3.

Chapter 2. Tree Survey Results
Mitigation ratios for Protected Trees varies depending on the ASCA Tree Rating System and the size of replacement trees. Protected trees rated 3,4 or 5 in the ASCA Tree Rating System (Table

1. ASCA Tree Rating System) shall be replaced at a ratio of one-inch equivalent for every one- inch of DSH removed as shown in Table 2 (Table 2. Tree Replacement Equivalency Table).

Protected Trees rated 2 shall be replaced at a ratio of O.S-inch equivalent for every one-inch removed. Protected Trees rated 0 or 1 require no replacement or any other mitigation unless a Parking Lot Shading Tree or Street Tree replacement is required under the Zoning Code.

Mitigation may take the form of on-site planting, payment of in-lieu fees, or preservation of existing protected trees measuring one-inch DSH or greater. A combination of on-site replacement planting and payment of in-lieu fees may be used where the number of replacement trees cannot be accommodated on-site. The in-lieu payment shall be reduced based on the number of DSH inches of the replacement trees planted onsite. Mitigation may be waived if the City Arborist determines a tree proposed for removal poses a significant risk to health and safety.

Table 1. ASCA Tree Rating SYstem
Rrting Rrtingltto" Rrting Dermipfion
Excellent 5 No prohlcm(s)
Cood 4 No apparent prohlem(s)
Fsir 3 Minorproblem(s)
Poor 2 Mnjo'r problern{s}
Flazardous or Non-coffectable I Extreme problcm(s)
Dead 0 Def,d
Table 2.Tree Replacement Equivalency Table
RrylrrururtTtra$llo OStl Eqululrt*y
A sapling tree; or 0.S{nch DShl
Tree ln contalner less than 15 gallons O.5-lneh DSFI
15-gallon ccntainer tree l-inch DSH
24-inch box tree 2-inch DSH
36inch bortree 3-inch DSH
SacRT Folsom Light Rail Modernization Double Track Project Arborist Report

Page 3 ends

Page 36 ends

06/25/2024 Item No.3.

E
TERs
Project Location ORA
''l
E
otd
\
NV
M
Sacramento
County

PACIFIC
OCEAN
't i
\
I
:
\
I
r,L
$
AN
\
JOp
(
N
I
T
Tfact State Recreation Area
I
5tat6 R€c Area
o
FIGURE 1
Project Vicinity
SacRT Folsom Light Rail
Modernization Project
Folsom, Sacramento County, California0 5 '10 15
Miles

Page 37 ends

06/25/2024 Item No.3.
(5
tr
50 50
(E
tr(!
.l
(t
IE
at
Juanita Park !tr
Folsom Lake st Rec Area pond Folsom Lak€
Hannaford Family Park
Vtada c(tr$ Egloff Family Park .;l
OalOak {ve tro
Lin qe
Park Creek
Lew Folsom State
Prison
Creek Nature Area
Comm CTR and Park
I
Orangevale /r'
!
I
Folsom City
Rodeo Park
E14 CR EI4
E
oo
ol! o Ed Mitchell
Park
Park E.! F
s
o
.g
(lt
=
Snipes-Pershing Park lr Lembi Park
q
Madison
G
= d'6
r\'
Edge
o'
Little Pheonix Park
Community Park
Livermore Community
BI A^ Amos B Catlin Park )\.
os"
gY.:'.gi'
Lake State Rec Area
Sunset Ave
s
\U
Iton point
RoS
Natoma Station Mini
Fair Oaks Station Neighborhood PK
Phosnix Park
David Park
witld
Folsom Lake
State Rec
Area
Natoma starion t'''
ti':*'
Mann Parklo$
.l
Wiilow.Hill Reservoir
Lake Natoma
Lake Natoma
Project Location
@
FIGURE 2
Project Location
SacRT Folsom Light Rail
Modernization Double Track Project
Folsom, Sbcramento County, California0 0.25 0.5 0.75 I
Miles

Page 38 ends

06/25/2024 Item No.3.

Chapter 2. Tree Survey Results

1.3. Survey MethodologY
The project area was surveyed by lnternational Society of Arboriculture (lSA) certified arborist Scott Salembier (WE-12418A) on November 28, 2023 and December 22, 2023. Following clarification of project description. the surveyed trees were revisited on January 3,2024 and January 19, 2024 in order to evaluate potential effects to each tree. The results included in this report include all trees that meet the definition of a Protected Tree under the City Tree Ordinance that may be affected by the proposed project, The species of each tree was identified, and the location of each tree was mapped with GPS. The DSH of each stem was then measured with a diameter tape and recorded.
ln accordance with the City tree ordinance, the DSH of multi-stem trees each stem was calculated by adding together the DSH of each stem. This combined DSH is used for determining if a tree qualpies as a heritage tree. ln addition, for the purpose of calculating compensatory mitigation the extrapolated DSH was calculated by measuring the DSH of each stem and then taking the square root of the sum of each individual stem's DSH squared. Both combined and extrapolated DSH values are provided in the survey results. Each tree was briefly inspected then rated according to the ASCA Tree Rating System for consistency with the City's tree ordinance. Dead trees were not recorded. Table 3 below includes the ASCA Tree Health Ratings' Table 3. Tree Health and Structure
No evidence of disease or decline. Tree is exhibiting excellent vigor and strong consistent growth. Wounds are well closed with little to no sign of decay. No evidence of stress, nutrient deficiency, or insect infestation. 5 Excellent
Average or below-average deadwood/dieback for the age
Leaf size, color, and density typical for the species. Buds are normal size, viable, abundant, and uniform. Current and past growth increments are generally average or better. Wounds are well closed with little to no sign of decay. Very little evidence of stress, disease, nutrient deficiency, and/or insect infestation.
and species
4 Good
3 Fair
Above-average deadwood/dieback for the age and species
density below what is typically expected for the species. Leaves may be discolored, stunted, or deformed. Buds are normal size and viable but may be sparse. Current and past growth increments may be below average.

Some wounds not closed. Some decay may be present. Some to moderate level of stress, nutrient deficiency, disease, and/or infestation.

Leaf size and
2 Poor
Abundant deadwood/dieback. Leaf size and density are well below what is typically expected for the species. Leaves may be discolored or deformed from nutrient deficiency or infection. Few viable buds are present throughout the canopy. Current and past grown increments indicate minimal growth. Wounds show minimal closure. Decay may be present.

The tree is strongly exhibiting signs of stress, nutrient deficiency, disease, andior infestation. Tree is in decline.
1 Hazardous
Major structural hazards and/or severe decline leading to an elevated risk of major branch failure or complete tree failure. Tree is recommended for immediate removal.

SacRT Folsom Light Rail Modernization Double Track Project Arborist Report

Page 6 ends

Page 39 ends

06/25/2024 Item No.3.

Chapter 2. Tree Survey Results
Ghapter 2. Tree Survey Results
A total of 85 trees were included in the survey results. Each tree was surveyed following the methods described in the previous chapter and was tagged with an aluminum tree tag. Table 4 lists each tree and that was found during the survey and identifies species, Combined DSH & Extrapolated DSH, ASCA Health Ranking, and Heritage Tree Status.

Table 4. Tree Survey Results
Tag # Species
Combined
DSH
Extrapolated
DSH
Health
Rank
Heritage
Status
4824 lnterior live oak 47 34 Good
4823 Valley oak 4 4 Good
4825 Valley oak 4 4 Good
4826 Valley oak 7 7 Good
4827 Valley oak 31 31 Good Yes
4828 lnterior live oak 15 15 Good
4829 lnterior live oak 24 20 Good
4830 Valley oak IL 17 Good
4831 Valley oak t4 t4 Good
4832 Valley oak L3 13 Good
4833 Black Walnut 20 20 Good
4834 lnterior live oak 25 tt Good
4835 Valley oak 2t 21 Good
4836 Vallev oak 3t 31 Good Yes
4837 Black Walnut 8 8 Good
4838 lnterior live oak t7 L7 Good
4839 lnterior live oak 7 7 Good
4840 Black Walnut 6 6 Good
4841 lnterior live oak 28 28 Good
4842 Valley oak 5 5 Good
4843 lnterior live oak 42 30 Good
4844 lnterior live oak 50 35 Good Yes
4845 Black Walnut 4 4 Good
4846 lnterior live oak 5 5 Good
4847 lnterior live oak 27 19 Poor
4848 Black Walnut 6 6 Good
4849 lnterior live oak 61 35 Good Yes
4850 lnterior live oak 121. 47 Good Yes
4851 lnterior live oak 6',J" 29 Good Yes
48s2 lnterior live oak 124 48 Good Yes
4853 lnterior live oak L4t 40 Poor Yes
4854 lnterior live oak 25 L8 Good
4855 lnterior live oak 51. 22 Good Yes
4856 lnterior live oak 44 t7 Good
4857 lnterior live oak 25 15 Good
4858 lnterior live oak 13 13 Good
SacRT Folsom Light Rail Modernization Double Track Project Arborist Report
PageT

Page 40 ends

06/25/2024 Item No.3.

Chapter 2. Tree Survey Results
Tag # Species Combined
DSH
Extrapolated
DSH
Health
Rank
Heritage
Status
4859 lnterior live oak 7 7 Good
4860 lnterior live oak 10 10 Good
4861. lnterior live oak \3 13 Fair
4862 lnterior live oak 24 24 Fa ir
4863 lnterior live oak 10 10 Poor
4864 lnterior live oak 24 t7 Good
4865 lnterior live oak 60 35 Good Yes
4866 lnterior live oak LL 7 Good
4867 lnterior live oak 20 L0 Good
4868 lnterior live oak 59 30 Good Yes
4869 lnterior live oak 66 30 Good Yes
4870 lnterior live oak 44 22 Good
487L lnterior live oak 35 25 Good
4872 lnterior live oak 45 27 Good
4873 lnterior live oak 37 37 Good Yes
4874 lnterior live oak 28 28 Good
4875 lnterior live oak 10 10 Good
4876 lnterior live oak 23 23 Good
4877 lnterior live oak 1.L 17 Good
4878 lnterior live oak L6 T6 Good
4879 lnterior live oak 8 8 Good
4880 Blue Oak 2t 2L Good
4881 lnterior live oak 19 10 Good
4882 lnterior live oak 20 L2 Good
4883 lnterior live oak tt LI Good
4884 lnterior live oak 78 40 Good Yes
4885 lnterior live oak 2 I Good
4886 lnterior live oak 34 24 Good
4887 lnterior live oak 23 16 Good
4888 lnterior live oak 38 38 Good Yes
4889 lnterior live oak 5 4 Good
4890 lnterior live oak 1. L Good
489r lnterior live oak I L Good
4892 lnterior live oak 1. 't Good
4893 lnterior live oak I 1. Good
4894 Valley oak 4 2 Good
4895 lnterior live oak 3 3 Good
4937 lnterior live oak 4 3 Good
4938 lnterior live oak 27 t9 Good
4939 lnterior live oak 9 5 Good
4940 lnterior live oak 44 33 Good
4941 lnterior live oak 2 2 Good
4942 lnterior live oak 2 2 Poor
4943 Black Walnut
,J.

L Good
4944 lnterior live oak 46 28 Good

Page 8 ends

Arborist Report

Page 41 ends

06/25/2024 Item No.3.

Chapter 2. Tree Survey Results
Good20 20lnterior live oak4945
26 Good374946 lnterior live oak
I GoodValley oak I4947
Good1 L4948 Valley oak
All trees found within the project area were in either good or fair health at the time of the survey except for three lnterior Live Oaks (#4853, #4863 and i14992). The locations of all trees found within the project area are shown on Figure 3.

2.1. Protected Tree Status
Native Oak Trees
The survey area included 1 Blue oak, 47 interior live oaks, and 7 valley oaks that meet the minimum 6-inch DSH size criteria to be Protected Native Oak Trees under the City Ordinance.

Heritage Trees
The survey area included 2 valley oak and 13 interior live oaks that meet the minimum size criteria to Protected Heritage Trees under the City Ordinance.

Landmark Trees
Per conversations with the City Arborist, it was discovered that all trees within the JPA right-of- way along Folsom Boulevard between Bidwell Street and Blue Ravine were designated as a Landmark Grove by the City Council. Landmark trees may not be removed without prior declassification by the City Council. This designation includes every tree in the survey: 6 Black Walnuts, 1 Blue Oak, 65 lnterior Live Oaks, and 13 Valley Oaks (85 trees total)' SacRT Folsom Light Rail Modernization Double Track Project Arborist Report

Page 9 ends

Page 42 ends

06/25/2024 Item No.3.

Ghapter 3. Project lmpacts & Discussion

3.{. Tree lmpact Summary
ldentification of the extent of project activities and footprint that will affect project area trees were gained through direction of the SacRT with additional clarification provided by the project contractor. On January 19,2024 the City's Urban Forester and representatives from SacRT, the Contractor, and the Contractor supplied arborist walked the project alignment to review impacts to each tree. To aid in this effort, the Contractor's surveyor had marked the limits of trimming and ground disturbance. These are as follows:
. Trimming of all branches that overhang within 10 feet of the easternmost rail of the future tracks for the train envelope. lf this action would remove most of a tree's canopy, the tree will need to be removed.
. Removal of all trees rooted within the limits of future fill slopes and drainage ditches.

Of the 85 trees found within the Project Area, 1B must be removed and 39 must be trimmed. All 57 affected trees are in conflict with either permanent project features or access requirements during construction. The location of trees that will be impacted by the project are shown on Figure

4. Tree lmpacts. The remaining trees are located far enough away from proposed improvements that they can be protected in place for the duration of construction and will not need to be trimmed or removed.

3.2. Tree Trimming
As discussed above, 39 trees will need to be trimmed to complete the project to provide the legally required minimum clearances around the train envelope. During the January 19th site walk, the City Urban Forester reviewed each tree that will be trimmed and worked with the contractor tree company to determine which limbs were to be cut to preserve the natural form of the tree, minimize the amount of canopy lost to meet the project requirements. To the extent feasible, trimming will follow the City of Folsom Tree Care and Maintenance Standards with two notable exceptions. For trees 4844 and 4841, there is no way to preserve major limbs and non-standard stub cuts will be made. Trees that will be pruned are listed on the following table and included in Figure 3.

Table 5. Trees that will be Trimmed
Tag# Species Combined
DBH
Extrapolated
DBH Health Heritage
Status
4824 lnterior live oak 47 34 Good
4826 Valley oak 7 7 Good
4828 lnterior live oak 15 15 Good
4829 lnterior live oak 24 20 Good
4830 Valley oak 1L tt Good
4832 Valley oak 13 13 Good
4836 Valley oak 31 31 Good Yes
4843 lnterior live oak 42 30 Good
Railroad Street lmprovement Project
Arborist Report
Page L0

Page 43 ends

06/25/2024 Item No.3.

Chapter 3. Project lmpacts and Discussion
Tag # Species
Combined
DBH
Extrapolated
DBH Health Heritage
Status
4846 lnterior live oak 5 5 Good
4847 lnterior live oak 27 19 Poor
4849 lnterior live oak 61 35 Good Yes
4851 lnterior live oak 61 29 Good Yes
4853 lnterior live oak r4t 40 Poor Yes
4854 lnterior live oak 25 18 Good
4855 lnterior live oak 51 22 Good Yes
4873 lnterior live oak 37 37 Good Yes
4874 lnterior live oak 28 28 Good
4875 lnterior live oak 10 10 Good
4876 lnterior live oak 23 23 Good
4877 lnterior live oak I! L1 Good
488L lnterior live oak 19 10 Good
4883 lnterior live oak LI 1.1 Good
4884 lnterior live oak 78 40 Good Yes
4886 lnterior live oak 34 24 Good
4887 lnterior live oak 23 16 Good
4888 lnterior live oak 38 38 Good Yes
4889 lnterior live oak 5 4 Good
4890 lnterior live oak T 1. Good
489L lnterior live oak L L Good
4892 lnterior live oak t 1 Good
4895 lnterior live oak 3 3 Good
4937 lnterior live oak 4 3 Good
4938 lnterior live oak 27 19 Good
4940 lnterior live oak 44 33 Good
4944 lnterior live oak 46 28 Good
4945 lnterior live oak 20 20 Good
4946 lnterior live oak 37 26 Good
4841 lnterior live oak 28 28 Good
4844 lnterior live oak 50 35 Good Yes
SacRT Folsom Light Rail Modernization Double Track Project Arborist Report

Page 1 ends

Page 44 ends

06/25/2024 Item No.3.

Chapter 3. Project lmpacts and Discussion

3.3. Tree Removal & Mitigation
A total of '18 trees need to be removed to complete the project. These trees are either rooted within the grading limits of the project or so much of the tree canopy would need to be trimmed thatthe tree is unlikely to survive orthrive after construction. During the January 19th sidewalk with the City Urban Forester, each of these trees was reviewed and found that they could not be saved. As part of a Designated Landmark Grove, each of these trees must first be declassified before it can be removed.

Compensatory mitigation for the 1B trees that must be removed will be required on an inch per inch basis before construction may proceed. Perthe City ordinance, the extrapolated DSH is used to determine the mitigation needed for each tree. Table 6 below lists the trees that must be removed and the DSH replacement mitigation requirement.

Table 6. Mitigation Requirement
Under the City's tree ordinance, mitigation may take the form of on-site planting, payment of in- lieu fees, or preservation of existing protected trees measuring one-inch DSH or greater.

SacRT is electing to mitigate for the removal of 1 15 DSH inches by paying the in-lieu fee. Current in-lieu fees are $2S0fincfr. ln-lieu fee payment is estimated to be $28,750.

SacRT Folsom Light Rail Modernization Double Track Project Arborist Report
Tag # Species Extrapolated
DSH
ASCA Health
Ranking
Replacement
Ratio
DSH
Replacement
Requirement
4831 Vallev oak 14 Good I:I 14
4834 lnterior live oak 11 Good 1.:'J. 11
4837 Black Walnut 8 Good I:L 8
4839 lnterior live oak 7 Good t:L 7
4842 Valley oak 5 Good L:T 5
4845 Black Walnut 4 Good I:I 4
4878 lnterior live oak 16 Good t:I 16
4880 Blue Oak 21 Good 1.:L 21
4882 lnterior live oak 12 Good I:t 12
4885 lnterior live oak 1 Good L:t 1
4893 lnterior live oak 1 Good L:T I
4894 Vallev oak 2 Good t:t 2
4939 lnterior Iive oak 5 Good I:! 5
4941 lnterior live oak 2 Good L:L 2
4942 lnterior live oak 2 Poor t:L 2
4943 Black Walnut 1 Good t;t 1
4947 Vallev oak 1 Good L:1. 1
4948 Vallev oak 1 Good t:'J. 1
Total DSH Repl acement Requirement 115
Page L2

Page 45 ends

06/25/2024 Item No.3.

I
I
Tree lmpacts
e Protect in Place
o Remove Tree
o Trim Tree
Source:Bi, Dighcloh, GmEye, &nhEGeryaphics, CNEs/Abus DS, USDA, USG,AedR D,ld, andhe GIS User Commmily q€td by: sob, Dal€: 1/2?2024 Figure 3
Tree lmpacts Map
Sheet 1 of4
SacRT Folsom Light Rail
1 inch = 250 feet
r------rFeet
1 @ 300 400 ization Double Track P

Page 46 ends

06/25/2024 Item No.3.

Tree lmpacts
e Protect in Place
o Remove Tree
o Trim Tree
$urce: Ed, Digilalclob€, GeEye, adhtarGeographics, CNES/Abus DS, USDA, UsGs,AedRlD, lS, and Se GIS User communily O€d by:sS, Dal€i X222024 Figure 3
Tree lmpacts Map
Sheet 2 of 4
SacRT Folsom Light Rail
1 inch = 83 feet
Feet
0 100 200 300 400@ Double Track

Page 47 ends

06/25/2024 Item No.3.

Tree lmpacts
o Protect in Place
o Remove Tree
o Trim Tree
Matchline -
Seo Sheet 2
source: Bi, cNEs/Abus DS, USDA, USGS, AebGRlD, IGN and Se GIS User Conmunity Figure 3
Tree lmpacts Map
Sheet 3 of 4
SacRT Folsom Light Rail
CEald by: soG, Dalei 1/222024
1 inch = 83 feet
Feet
0 @
100 300 400 Double Track

Page 48 ends

06/25/2024 Item No.3.

Tree lmpacts
o Protect in Place
a Remove Tree
o Trim Tree
$urcs: Esn, Dittulc&, GeqF, AftEcry4hi6, cffiS/Atu DS, SDA US6,AedRlD,lS, aM h6 GIS Us emMily M by: stlq kb:1U2021 Figure 3
Tree lmpacts Map
Sheet 4,of 4
SacRT Folsom Light Rail
1 inch = 83 feet
Feet@ 100 200 300 Modernization Double Track
*-'i
;fr.
#,ro:*.16
\f
\,
{],UJ
e
r.lJo
d!,Jr 4Jt_
@ o
! .' .:-\'_i / -
o
.,..6._
.-:::t.
@
.:..."i
i j"i
L,
t
-t_':
,jr
j-'-' ,,,. r*(:ir s s
', el 1-a' lr.<,,
/ tl,l
, ,' 5 !-',1'
ci tr-i
/_,::a"i
-,.t
,)
/J
o
9et
5 / i...
tir .
o
(..))! cj:O.a
c:.::J (.ir
@
6 4-Bt6
l":Er)
r-i::jcr
-,_l*8 a
($a
4',1.;l
, ''!. i
a ..!,:
tt f
{l - .i-

Page 49 ends

06/25/2024 Item No.3.

ATTACHMENT 5

LIGHT RAIL MODERNIZATTON IMPROVEMENT PLAN

EXCERPT

Page 50 ends

06/25/2024 Item No.3.
t
6 rrEllsEctxt.s
$EEra c4
/EFEre
r*
@G-
s@-lg--ldt!g-
Is@!ry-sr lre|&€rcnreEe
I
ffigs E

6. ursr$EAiffiruA
M
I
I
twEm6
ffi
A
FMAE
I
I
rf, r&&^t li"t
\ IGE-ffii-DmlBU U nB
A
i*kl-*lmffiffiz il6ffi
sffiffig
s6ffi
ttPtcAL stEtut 7.-......ffiE!-gAlr&t-*Eg^trrc

Page 51 ends

06/25/2024 Item No.3.
z
A
L___-_-
E
-
--C- -rorsol-s-o-
I
H'q
t
I
I
ro
gciD)
r&
t€
Il9w ll€s tffi flf,s It*s llss rim rt*s ilre
@--Ig-
'm*:-
,ETF Sai
PIAX t PROFI.E
NB STA l1ffi TO E STA ISThITS at
&ffil@EEMffiFI9r&r?*
o5l'
t
ils
fr
il'wJ
#
tsL
'FM
ffi6
i
z,
!i
f
z
zoui
q

Page 52 ends

06/25/2024 Item No.3.

ATTACHMENT 6
RESOLUTION NO. 5911 _ A RESOLUTION ESTABLISHING
LANDMARK TREE DESIGNATION AT THE JPA RIGHT.OF.WAY

ON FOLSOM BOULEVARD BETWEEN BIDWELL STREET AND

BLUE RAVINE ROAD

Page 53 ends

06/25/2024 Item No.3.

RESOLUTION NO' 5911

A RESOLUTION ESTABLISHING LANDMARK TREE DESIGNATION AT TIIE JPA RIGHT'OF''WAY ON FOLSOM BOIJLEVARD BETWEEN BIDWELL STREET AI{D BLTJE RAVINE ROAI) WI{EREAS, the City of Folsom's Tree Preservation Ordinance, Chapter 12.16 of the Folsom Munlcipal egglg, establishes basic standards, rneasures anti compliance to the preservation and protection of trees for the use iilO tnioytntnt ofpresent nnd future generations; and
yHEREA5, the City of Folsom's Tree Preeervation ordinanceo Seotion 12.16.090 of the Ed$s Municioar codc, prouiJr, , ,neans ro designate Landnrark rrees by Resolution of the city council bused upon one or more of the followililr,b;l;s; l) hisfiricat vatu.; 2) exceileni healttt rating; 3) outstanding habitat value; 4) unusual species; or 5) superior beauty; and
WI{EREAS, tlre planning, Inspections and Permitting Department has tecomrnended that the City council find that tn g;ue or trels witinin the JPA right-ot'-way on Folto* Boulevard between Bidwell street and Blue Ravine Road, based on the historical and habitai value along the Folsom Boulevard scenic corridor, be designated as Landmark Trees; and
1ryHEREAS' tlre planning, lnspections and Permitting Department has recommended that the City Council find that an annual arborist evaluation of all the trees within the JPA right-of-way on Folsom Boulevard betrveen Bidwell street and Blue Ravine Road is not practical, and that staff determine when an arborist evaluation is warranted to monitor overall stand health; and
ryITEREAS, notice has been given at the time and in the manner required by state Law and city code; and
WIIEREAS, this project is exempt from environmental review pursuant to Section 15307 of the California Environmental Quality Act (CEQA)'
NOW, THERET0RE, BE rr REsoLvED by the Folsom city council adopts this Resolution for the establishment ormnjrnark ire", to.ut.a at ttre ne right-of-way on Folsonr Boulevard between Bidwell street and Blue Ravine Road.

APPRoVEDA|[DADoPTEDthisgthdayofMarch,lggg,bythefollowingcallvote:

AYES: Councilmembers: Aceituno' Dow' Drew' Howell' Miklos NOES:

ABSTAIN:

ABSENT:

ATTEST:

Councilmembers:

None
None
None
City Clerk

Page 54 ends

06/25/2024 Item No.3.

ATTACHMENT 7
RESOLUTION NO. 11159 _ A RESOLUTION TO DECLASSIF'Y

FIVE LANDMARI( TREES WITHIN THE JOINT POWERS

AUTHORITY LANDMARK GROVE TO ALLOW FOR REMOVAL

AS PART OF THE SACRAMENTO REGIONAL TRANSIT LIGHT
RAIL MODERNIZATION 15 MINUTES TO FOLSOM PROJECT

Page 55 ends

06/25/2024 Item No.3.

DocuSign Envelope lD: 55A6EE00-8D68471 1-9CFE-7918010BC7CA RESOLUTION NO. 11159

A RESOLUTION TO DECLASSIFY FTVE LANDMARI( TREES WITHIN THE JOINT

POWERS AUTHORITY LANDMARK GROVE TO ALLOW F'OR REMOVAL AS

PART OF THE SACRAMENTO REGIONAL TRANSIT LIGHT RAIL
MODERNIZATION 15 MINUTES TO FOLSOM PROJECT
WHEREAS, Section 12.16.020 of the Folsom Municipal Code defines Landmark Trees as a tree or group of trees determined by the City Council to confer a significant community benefit to the geneial public due to the size, age, location, historic association or ecological value; and WHEREAS, Resolution No. 5911 - A Resolution Establishing Landmark Tree Designation at the JPA Right-of-Way on Folsom Boulevard Between Bidwell Street and Blue Ravine Roadwas adopted on March 9,1999, to underscore the historical and habitat contribution of the native grove along Folsom Boulevard JPA scenic corridor. The associated staff report also called attention to the possibility that the Joint Powers Authority (JPA), as the property owner, may potentially need to declassify one or more Landmark Trees for light rail improvements in the future; and
WHEREAS, the City of Folsom Urban Forester has conducted a review of an application to declassify five oaks within the abovementioned Landmark grove in anticipation of removal for the SacRT Light Rail Modernization 15 Minutes to Folsom Project and confirmed retention of the subject trees conflicts with the project as designed; and WHEREAS, the Community Development Department has recommended that the oaks with affixed tag numbers 4880, 4882, 4885, 4893, and 4894 qualiff for declassification of Landmark Tree status for the reason that they prevent reasonable use of the property; and WHEREAS, notice has been given in the manner required by City Code; and NOW, TIIEREFORE, BE IT RESOLVED that the City Council of the City of Folsom hereby finds the SacRT Light Rail Modernization 15 Minutes to Folsom project cannot move forward unless the Landmark oaks affixed with tag numbers 4880, 4882, 4885, 4893, and 4894 are removed and there are no reasonable altemative measures to construct the project as designed and retain the trees; and
BE IT FURTHER RESOLVED that following declassification of the oaks affixed with tag numbers 4880, 4882,4885,4893, and 4894, the SacRT Light Rail Modemization 15 Minutes to Folsom project proponent will obtain a tree removal permit and mitigate the subject oaks pursuant to Section 1,2.16.150 of the Folsom Municipal Code; and BE IT FURTHER RESOLVED that all other trees within the JPA Landmark Grove shall be protected and managed consistent with ANSI 4.300 Standards, the International Society of Arboriculture's most recent Best Management Practices ptbhcations, and all applicable City of ResolutionNo. 11159
Page I of3

Page 56 ends

06/25/2024 Item No.3.

DocuSign Envelope lD: 55A6EE00-8D68471 1 -9CFE-791 801 0BC7CA Folsom standards and policies for the duration of the SacRT Light Rail Modernization 15 Minutes to Folsom project; and
BE IT FURTHER RESOLVED that the oaks affixed with tag numbers 48 80, 4882, 4885, 4893, and4894 as shown on Exhibit A, are hereby declassified from Landmark Tree status under Chapter 12.16 of the Folsom Municipal Code.

PASSED AND ADOPTED this 23'd day of Janu ary, 2024, by the following roll-call vote AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s) : Rohrbough, Aquino, Chalamcherla, Rodrigaez, Kozlowski Councilmernber(s) : None
Councilmember(s): None
Councilmember(s): None
luiLv h,j"owsLt
MAYOR
Christa Freemantle, CITY CLERK
ResolutionNo. 11159
Page2 of3
DocuSign6d by:
by:

Page 57 ends

06/25/2024 Item No.3.

DocuSign Envelope lD: 55A6EE00-8D68-471 1'9CFE-7918010BC7CA Exhibit A
Site Map
Annotated excerpt from the arborist report prepared by Dokken Engineering calling out the five oaks prop o s e d for d e c I a s s ifi c atio n
ResolutionNo. 11159

Page 3 ends

4885
4882
4880
4893
4894
i - rTleaSurueyArea
. T16o8 to bG Ttlmmgd
. Treg8 to be Remottgd

Page 58 ends

06/25/2024 Item No.3.

ATTACHMENT 8
RESOLUTION NO. 11164. A RESOLUTION TO DECLASSIFY

THIRTEEN LANDMARK TREES WITHIN THE JOINT POWERS

AUTHORITY LANDMARK GROVE TO ALLOW FOR REMOVAL

AS PART OF THE SACRAMENTO REGIONAL TRANSIT LIGHT
RAIL MODERNTZATTON 15 MINUTES TO F'OLSOM PROJECT

Page 59 ends

06/25/2024 Item No.3.

DocuSign Envelope lD: 037 3C12F -7CC6-448D-AF0E-0DD6230C0373 RESOLUTION NO. 11164
A RESOLUTION TO DECLASSIFY THIRTEEN LA}IDMARK TREES WITHIN THE

JOINT POWERS AUTHORITY LANDMARK GROVE TO ALLOW FOR REMOVAL

AS PART OF'THE SACRAMENTO REGIONAL TRANSIT LIGHT RAIL
MODERNIZATION 15 MINUTES TO FOLSOM PROJECT
WHEREAS, Section 12.16,020 of the Folsom Municipal Code defines Landmark Trees as a tree or group of trees determined by the City Council to confer a significant community benefit to the general public due to the size, age, location, historic association or ecological value; and WHEREAS, Resolution No. 5911 - A Resolution Establishing Landmark Tree Designation at the JPA Right-of-Way on Folsom Boulevard Between Bidwell Street and Blue Ravine Roadwas adopted on March 9,1999, to underscore the historical and habitat contribution of the native grove along Folsom Boulevard JPA scenic corridor. The associated staff report also called attention to the possibility that the Joint Powers Authority (JPA), as the property owner, may potentially need to declassify one or more Landmark Trees for light rail improvements in the future; and
WHEREAS, the City of Folsom Urban Forester has conducted a review of an application to declassify thirteen trees within the abovementioned Landmark grove in anticipation of removal for the SacRT Light Rail Modernization 15 Minutes to Folsom Project and confirmed retention of the subject trees conflicts with the project as designed; and WHEREAS, the Community Development Department has recommended that the trees affixed with tag numbers 4831,4834,4837,4839,4842,4845,4878,4939,4941,4942,4943, 4947 , and4948 qualify for declassification of Landmark Tree status for the reason that they prevent reasonable use ofthe property; and
WHEREAS, the Urban Forester has concluded the Landmark Tree affixed with tag number 4841 will incur a significant impact from the project and may potentially need to be removed pending assessment following the construction activities; and WHEREAS, notice has been given in the manner required by City Code; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom hereby finds the SacRT Light Rail Modernization 15 Minutes to Folsom project cannot move forward unless the Landmark Trees affixed with tag numbers 4831, 4834, 4837 , 4839 , 4842, 4845, 4878,4939,4941,4942,4943,4947, and4948 are removed and there are no reasonable altemative measures to construct the project as designed and retain the trees; and BE IT FURTHER RESOLVED that following declassification of the trees affixed with tagnumbers4831,4834,4837,4839,4842,4845,4878,4939,494I,4942,4943,4947,and4948, the SacRT Light Rail Modernization 15 Minutes to Folsom project proponent will obtain a tree Resolution No. 11164

Page 1 ends

Page 60 ends

06/25/2024 Item No.3.

DocuSign Envelope lD: 0373C12F -7CC6-448D-AF0E-0DD6230C0373 removal permit and mitigate the subject trees pursuant to Section L2.I6.150 of the Folsom Municipal Code; and
BE IT FURTHER RESOLVED that all other trees within the JPA Landmark Grove shall be protected and managed consistent with ANSI ,4'300 Standards, the International Society of Arboriculture's most recent Best Management Practices pttblications, and all applicable City of Folsom standards and policies for the duration of the SacRT Light Rail Modemization 15 Minutes to Folsom project; and
BE IT FURTHER RESOLVED that all efforts shall be made to preserve the Landmark Tree affixed with tag number 4841, which shall retain its Landmark Tree designation unless determined to be irreparably damaged by the Urban Forester following construction activities from the SacRT Light Rail Modernization 15 Minutes to Folsom project. If determined to be ineparably damaged from the project activities by the Urban Forester, tree #4841 shall be removed and mitigated in conformance with the City's Tree Preservation Ordinance at SacRT's expense; and
BE IT FURTHER RESOLVED that the oaks affixed with tag numbers 4831, 4834,4837 , 4839, 4842, 4845, 4878, 4939, 4941, 4942, 4943, 4947, and 4948 as shown on Exhibit A, are hereby declassified from Landmark Tree status under Chapter 12.16 of the Folsom Municipal Code.
pASSED AND ADOPTED this 13ft day of February 2024, by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Resolution No . 11164
Page2 of3
by:

Councilmember(s) : Rodriguez, Rohrbough, Chalamcherla, Aquino Councilmember(s): None
Councilmember(s): Kozlowski
Councilmember(s): None
DoouglCn.d byl
Suol,
MAYOR
CLERK
C*"*rqy^***"<)

Page 61 ends

06/25/2024 Item No.3.

DocuSign Envelope lD: 0373C12F-7CC6-448D-AF0E-0DD6230C0373 Exhibit A
Site Map and Tree Removal Table
lh.. lfrp4tr
c Protact ln Pla@
a Rcmwc Ttgc
o Tlim TEe
Flgure 3
Troe lmpacta Map
Sh@t 1 of 4
@
I lnoh - 250 fqat R6ll
Modemlzallon
Excerpt from the arborist report prepared by Dokken Engineering illustrating the locations of the thirteen trees prop o s e d for d e c I as s ifi c at i o n.

Trees Declassifled for Removal
Tas# CommonName Botanical Name Condition DSH
483 I Valley oak Ouercus lobata good 14"
4834 Interior live oak Ouercus wislizeni sood I1"
4837 Black walnut Juslans hindsii good 8rt
4839 Interior live oak Ouercus wislizeni good 7"
*4941* Interior live oak Ouercus wislizeni good 28"
4842 Valley oak Ouercus lobata sood 5"
4845 Black walnut Juslans hindsii sood 4"
4878 Interior live oak Quercus wislizeni good 16"
4939 Interior live oak Ouercus wislizeni good 5"
4941 Interior live oak Ouercus wislizeni good 2"
4942 Interior live oak Quercus wislizeni eood 2"
4943 Black walnut Juglans hindsii eood l"
4947 Valley oak Ouercus lobata good l"
4948 Valley oak Ouercus lobata eood t"
TOTAL 77"
*Tree #484 I is planned for preser.tation but will incur substantial encroachment impacts from the project. The Urban Forester shall assess the potentialfor survivalfollowing the construction activities. Unless determined by the Urban Forester to warrant removal, this tree shall retain its Landmark Designation.

Resolution No . 11164

Page 3 ends

Page 62 ends

06/25/2024 Item No.3.

ATTACHMENT 9

CURRENT MAP OF LANDMARI( TREES

Page 63 ends

06/25/2024 Item No.3.

F olsom Landffia* Tree Ma,p
ltu@Crl*,L,'10
O&elEatI,|@.4W
s llpdaodlltS/20za

Page 64 ends

06/25/2024 Item No.3.

Folsom City Council
Staff ort

RECOMMENDATION / CITY COUNCIL ACTION
The Finance Department requests that the City Council adopt Resolution No. 11219 - A Resolution Amending ResolutionNo. 11110 and Enacting the Annual Inflationary Adjustment for City User Fees for Selected City Services.

BACKGROUND / ISSUE
In May 2006,the Folsom City Council adopted ResolutionNo. 7815 which established a new user fee schedule for selected city services and also adopted an annual inflationary adjustment.

The inflationary adjustment was last applied on November 1,2023.

POLICY / RULE
City of Folsom Municipal Code Section 3.50.020 states, "The city manager is hereby directed to recommend to the council the adjustment of fees and charges to recover the percentage of costs reasonably borne in providing the regulation, products or services enumerated in this chapter and on the schedule of rate review as hereinafter established in this chapter. Costs reasonably borne shall be as are defined in Section 3.50.030." City Council ResolutionNo. 7815 adopted on }y'ray 23,2006, approved an annual inflationary adjustment to be applied each fiscal year for selected city user fees along with fee increases based on a fee study.

I
MEETING DATE: 612512024
AGENDA SECTION: Consent Calendar
SUBJECT: ResolutionNo. 11219 - A Resolution Amending ResolutionNo. 11110 and Enacting the Annual Inflationary Adjustment for City User Fees for Selected City Services
FROM: Finance Department

Page 65 ends

06/25/2024 Item No.4.

ANALYSIS
The annual inflationary adjustment to be appli ed is 2.620/o. This is based on the US Bureau of Labor Statistics & CA Department of Finance CPI-West Urban Consumers, all items, San Francisco CMSA, Annual amount as of December of the previous calendar year as set forth in Resolution No. 7815. The proposed fee schedules were derived by applying the annual inflationary adjustment to the current fees if allowed. Some fees were removed, reduced or remained the same per Director or Chief request.

The proposed June 25 ,2024, fee schedule is included as part of Resolution No. ll2I9 and will be effective July 1,2024.

ATTACHMENTS
l. Resolution No. I l2I9 - A Resolution Amending Resolution No. 11110 and Enacting the Annual Inflationary Adjustment for City User Fees, for Selected City Services

2. United States Consugrer Price Index - All Urban Consumers as published by the United States Bureau of Labor Statistics CPI-West Urban consumers, all items, San Francisco CMSA as of December 2023
Finance Director
2 Page 66
06/25/2024 Item No.4.

ATTACHMENT 1
Resolution No. tl2l9 - A Resolution Amending Resolution No. 111 10 and Enacting the Annual Inflationary Adjustment for City User Fees, for Selected City Services

Page 67 ends

06/25/2024 Item No.4.

RESOLUTION NO. II2I9
A RESOLUTION AMENDING RESOLUTION NO. 11110 AND

ENACTING THE ANNUAL INFLATIONARY ADJUSTMENT FOR

CITY USER F'EES FOR SELECTED CITY SERVICES
WHEREAS, City of Folsom Municipal Code Section 3.50.020 states "The city manager is hereby directed to recommend to the council the adjustment of fees and charges to recover the percentage of costs reasonably borne in providing the regulation, products or services enumerated in this chapter and on the schedule of rate review as hereinafter established in this chapter. Costs reasonably borne shall be as are defined in Section 3.50.030'"; and WHEREAS, ResolutionNo. 7815 adopted by the Folsom City Council on May 23,2006, allowed for an annual inflationary adjustment to User Fees each fiscal year; and WHEREAS, Resolution No. 11110 adopted by Crty Council on October 10,2023 set the most recent User Fee schedule; and
WHEREAS, the annual inflationary adjustment is based on the US Bureau of Labor Statistics & CA Department of Finance CPI-West Urban Consumers, all items, San Francisco CMSA annual amount as of December of the previous calendar year WHEREAS, As of December 31, 2023 the annual inflationary adjustment applied is

2.62Yo; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom Amends Resolution No. I 1110 and Enacts the Annual Inflationary Adjustment for City User Fees as of July l, 2024 for Selected City Services as set forth in the fee schedules attached hereto; pASSED AND ADOPTED this 25th day of June,2024,by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
ResolutionNo. 11219
Page I of6

Page 68 ends

06/25/2024 Item No.4.

City of Folsom
Master Fee Schedule as of July 112024
ln
tb
t65
7 25
35 t?5
75 5{l
l15
l'lnrnce
Ltu:ck Fr.r: - Initiul
Ch*k Frx * Addiraongl
Adrnin Fee
Fexl
Fee - during burinrlls hsm$
F*r: - rftct businr,:ss hours
@
Li$rlnssKwian F*c
llome Occupatisrn Rr:r.isw Pstnit
Liei:rue Rcprinl Fec
&lgilers Lirts - Ys{r
BusinessLists- I mmth
I'lisroric Di*trict Surcharlp Tnx
llome Occupatisn Airnusl Ceati fi ({tc
Busines$ Licens* Certiticate Fee Table
Spr*ialty Opcrations
@
Appltcutien und inwstigution
Lir:r:rutu Rgnut#$l
Toble Fw pUTQUARTER
Melltxl uf Plymcnt
Eiltt
Meter Rennnl Rote ptr Month
D€Frsit tbr 2.5 i.ru"h Conslrucii$n M.:t*r
Depodit lirr 4 irch Construdioil Meter
of ConsFuelitm Meter
Ilisintldion Testing sfNtn# Faeilities
Ti:sfin$ Tag
of B*kllorv Dcvice
]{!{lcEclsr
Call Onl {Atlm llouts/llourly Rate}
up erf Sanitary Sewer Ovcrll{rw Fmm Privrte Lsieral or
srytcrn (ilrurly rate)
lnsptxtion of Privrte Collc.ctifft S!'stem$ Io lnclud* Mmholes, Maines rnd Latarsls {ttoudy Ratc}
$
$
$
s
$
$
s
$
$
$
s
$
s
$
s
$
$
s
$
$
s
$
$
$
$
$
$
$
!5
35 125
75 50
t35
l0
t2
t_l
$
$
$
0 I
I
lll
x
,|
$
$
$
$
$
$
$
$
$
27 Scu FE-165
l4
2ll
z0
60 4{t
Chc*" A-C
Clasg D
s9(l
TX
??]

2.?596 - 3$6
2A
Sw PE-165
t4
?l
2t
60 ,t0
Class. A-C
Clillrs. D
$
f;
$
$
$
$
$
$
s
$
$
s
$
$
$
$
$
$
$
?0&
94 280
t.?Sst - 30dr
-5
-6
-7
-fi
l0n
900
2,?m
z5
2{t0
l5
Ift0
t35
200
t50
t00
9m

2.700
25 200
t5
r00
t35
200
t50
Resolution No. I l2l9

Page 2 of 6 ends

Rrm llllll
l'uE
llfl[/fllt]
ANNIIAI.
lNFT.ATI{}N
AINTM'l?rlnilT
Impo3srl
rEE
07,!lrE0l4It DA PARTMU$INNiIN,VI(:E

Page 69 ends

06/25/2024 Item No.4.

ANNllrtl.

I}IFT.ATTON
AllJlrlil't!IiNl'
Arrnurl (lPl I Impmcd
]'f,E
07/01/20t4
Rnm llll0
TEI
lu0tJt0ltt[ DE PA.Rrltf, ltl l!ffi RTK:t
FoIles
Vr.hiclr,: Rcli'$rc
Livr:scan
Ilcrmit {Ncr*'l
Pr:rmit {Rcncwal - Cunml'rcial}
F;rltrr Al$rm {?rxl lhlre alrrnn - infrrr. not updut$dl Flfu,s Alrrrnr (3rd llNsr: ahnn)
Falst Alamr (4lh fulsc alannJ
Fahl: Akrm (5lh I lllsc alurm)
RcFrtusl:,isions
VIH Vr,.rilierltion
Lo"ttsr-CLErr
Vchicl* $ign-Off
lrtulmli Pcrrnit
l}usinBssts
lS I 1590 Regislration
I8 icc rrport ttpy
$$
Iin: tltxle lnrpr:ution - llSC l.]146.2 und l'1t46'3
lnspuctton {:5 - llSC l"xllS
hspcction.: 15 - llsfl l3?-15
[3nd untl .r ubsr.qutnt reinsprt:tions]
Stuntl PiJrr,: $vslrrn Fhn Rcrtr:t
Firc llydrunt Systr:rn IrC
Firc Spninklcr Syslc,m Plirn Retir:*'
Fin: Frunp Plan Ruvicn,
Firc Allnn $yslcrn Flan Rcvir:rt
Fixrd Firir Fn:tr,:ctio,n Systcnr llltr Rcvir:*'
Syslcm Flirn Rtvluw (lllr,tiicul, LPC, Comprcrsr*I. rdc! FR-:5
Public Fin:*orks Displuy IrC'
Speyirl Fin: lnspcction {afier hourr or by tequssl)
Sal'c & San* Fircnorks $land lns;:cctlun
lncidrnt/Inspc*tion Repu* Crpy
Patisrt Cirn'Rrpcrrt (PCR) lrxl"ur ttdrxlitul llilling
Firc Ilaa*dlVcgctotion Mariagn:nrcnl Adrninilrativr: lt* pcr Rr:
lnrrpir:Iiun
$ttd Abertumrtt Cort - City'r crxl
Allrm (!rd lirlst ulurrn - infor. not uplhterl)
ulsr: Alrrrrn (3nl titlsc ulunn)
Alurm (4th lhk* alunn)
Alurm {Sft t lirlse aturm}
I Iyrlranl Florv Tr:st
Fholo6ruphls) Flush Drivr:

Srn--irrtrs Fcc
S:rlbty Oflir:r Shntlby, Third P.rrty rr:vir:rv $r lnspr:t{ion Resolution No. 11219

Page 3 ends

5 !
I
$
3 3
I
3 $
(l
fi
$
l?
4 I
$
$
s
$
s
$
$
s
$
$
$
$
$
$
$
0 5
I
$
s
$
$
$
$
$
$
$
s
$
$
$
$
$
$
I
s
$
$
s
T
$
$
$
$
$
I?ll
26 46
lt{
9r{
I'l
113
171
l5
46 41
4(l
,lll{l

1.15 2fi
5 bldg pml virl
bldg prnt Yul
b:ldg pnl val
bldg pmr vill
bldg prni ral
bldg pml tal
bhlg prnl ral
2(16
752
2{l
t?
$
$
$
$
$
$
$
$
I
$
$
$
$
$
$
$
I tr3
27 47
lt{
t0l
r0l
I l"r
174
l5
46 4t
4li
491
t49
21 5
$
$
$
$
$
$
$
$
2txr
{f
Itl4
147
bldg prnl vrt!
5 I
3 6
bldg pmt val
bhlg prnt vnl
bklg prnt vll
bldg prnt ral
bklg pml val
blclg pmt rul
bklg pml vul
bldg pmt vol
7 I
$
$
$
$
t$5
5l
t0?

25.3 bklg pmt vrtl
bldg pmt vrtl
bldg pmt virl
bldg pml vrtl
bltlg pnt tul
bldg pmt vrl
bldg prnt val
bldg pmt vul

1.71 361
20 J:
7 IO
II
l4
t5 $
s
$
$
$ I6s
$ lOfifi Mlnlnrun
s glt
t 9ll
$ Il?
$ l?-1
$ 1l?
s32
[.5 X Rcg Fr:c
Artur! Cost
$ 169
5l{100 Minimum
s l0l
$ ltil
$ ll0
$ lTli
t :f't
$11
ll.5 X Reg Ftu
Arlusl Cdsl
4 t{

Page 70 ends

06/25/2024 Item No.4.
1l DEFARTIIENTfif,RVICE FEE
I l/0ln0lt
Rcro lllt0

ANNUAI,

IIIFLATION
ADJUSTTTF.TIT
Annorl CPI I
FEE
t1tut2a24
Fropored
f(-ls
rc--1
r('-6
c'('-$
r('-9
c'('- l 0
r('-t I
t'r-l l
('(:-l -1
LB-{i
Lll-ltn
LB-{rb
LB-lt)
LE-I I
Llt-l:

LE-ll
Citr- Clcrk
Dsturrr:nt Frinting & Copying {F-ir*t lo pagcs lrcc)
I)rrcu rncnl Printing Fngr's grcllcr thun I 7x l'l or nrltx cr:pics { per 5idglpcr plge)
tlopy llVl!
Folsom l\{uniript tiodc
Updltcn ttr F:trlsonr lvlunicipul Codc
Pl:rnning fornmistitrn llc,cision Appcul ' (hvnt'r ottupied. singL' tarnily drr*lting
Phunhtg ('untnlisrir:n lLrision Apptul - .\ll o'thrts
Truflncy F'rr: I lvltutit's puid thnrugh t'ity t'lt'rkl (' rrd r: lin lin'tr,rrun I Ad triln isirdt i rr* I I ttrirr g l.lbrsn-'l
Retumcd r'hmh lic
Sclf s*n'ice copy chargcs - f li & fvl
Sclf scn'icc cupy charycs - {[bltrrf
ln:crlitrmr-v l{$nliterir (plus sdd'l lttrding librsr}' fcesl Lcst $r dqnlngad b+mh* in Fo'Irom colh*'lion
Lrxt cr damugorl r$orr;ul$ lionr intcrlitrnrry lcm
ftrr scco'unls
chargcs of
$ 0.lo
5 5
s
$
t'$:it to Frfilur*
('ost tu Prrdurr'
s t5?
s
$
$
ttl
$fl
I $-1
fity -standonl fr.c
(stt F'inunccl
s {r.15
f, 1.0{t'pugc
55 Up lD cost rrf itrrn
plur 55.00
pnxrriring fcc
Up l$ co5l of iklur.
plus chargcr fomr
lcrding [ibmr1. plus
$5.Oll lcrl
pnxcs*ing fcc
tlo
s o.ttli
s
5 0
Cosl tr Prmlucc
('osl to Ptudu[:c
s
$
s
\
rl
.\
$
s
$
s
H:'r\
o.oo
$
$
s 0.t0
s
55 {ost to Pndutrc
ttut to Pnnlutrc
S :6.1
s
RIiM$Vl-:
$
5-1(r
Mtr
City *trndlrd frc
{s*: Financc)
s 0.15
$.-rU.tpagc
s3
UF lo e oxt of itcnr
plu* 55.00 pror:cming
fdr
Up tu c*il ofitcnr.
plur rhuqrs lorm
lcnding libnry. plur
$5.tlo lord
proc*sing fi:c
f, 1(}.00
Annusl inllatinrfiiry fldjuxtm':nl husrd un thc f"S Snman olirla&ar.9hrftfirs.* f..t llr.4ndnd.lr EfI?ndn.'a fFl-ll'csr llrtan fort$tiltflx, dl, tftflrsi S{il irriilt..l$? €'iHS."l, ..lnlnal oorrlrilt er of Doffml]ff r{tr4lbr"Fr.4*ar* tw&ndnr;'e'cn Resolution No. 11219

Page 4 ends

Page 71 ends

06/25/2024 Item No.4.
fr DEPARTMENT'sEN,VICE
#
PR.7
pR-9
trR-10
pR-ll
pR-ld
pR-15
pR-l{i
PR.I7
FR-ln
FR.lT
PR.: I
pR-::
pR-:l
FR-f4
PR-:-I
PR-26
FR-30
PR.]2
PR-]]
PR-37
PR-3lt
PR-]?
FR.4O
PE-I]
PR.{]
PR-.t-r
PR*l$
PR.47
pB-{rl
rR-{9
Fnrkr & nccrcnthn
a
Znnktqring/Glte
Zoo"Ciiti Shop
Zotrliducutionllours
Aqu{lirs - Retll.lp Str.inr
r\quolics - Sn'iur Ltrsxrrns
i\qurlic* - $uinr Tcntt
Aquutits -.\quucist
Aqultic* - Srvint ('untps
i\qurtics - $r:hool Purtics
r\quttier - tlinhtlny Porticx
Aqurlics - Suinr lvlccts
Aquotics - RcntallSpons.

Aqutlics - Conccssioru;
Cummings Pslc/Slatc
Comm Ccrtlcr - Rcsidcnt
Comm Crrttcr - Non-Rtsidcnt
Comrn Ce*tcr - FfUSD
Rotuy Clubhoo* {sr:r: Crrntm (lrr:tcr)
Pnrh Rcrrtahr
Youtlr Spcc. hrtcrrrl
C'itltural Cl&c$g
Fcc ll$cd SprE livcttlc
Ycuth Oay Cunrps
Tr:rts
Culturnl Sl'r:#Freschool
Scnisrs
Spanscrship
Kcmp Conccrrions
r\drrh Srx,rrts
Youth Sn$rls
('onrrn. Yrruth Lculurs
lsnore Ftr'ility Rcntul*
I F,{rkr und Rrtmntiorr t'ess rrt sct tqy rhc rlcplrtnrcnl. t'txt r':t$$:*' It tl* rnc *t $l lhe ntrqirrm ts\'{:t,
Resolution No. 11219

Page 5 ends

Page 72 ends

06/25/2024 Item No.4.
f,uslnnrs l.lmmo Csrtlfltrle (]llrrllltrllsn D'tto Tuhltc Clr$lfstlon 't - Bmlutm l.lnonrn Cnrlltlmtt tlrusr R$cnlpls Cuts[or]' l.owsr $roll
Rtnnlntr
l"lppc firurs
llnanlntr ..Lnnuul f+u
I 5 3 q(i.q0q"r$ s .lO-0'0
'! 5 t{r$.ttil{1"00 s lt{s.q-*q-q{1 s t25.00
] s s00.$uo"0s s 5.oqrt,,qtrtt"w s f,_r{-00
4 s 5.100.000-0$ I 10.$a$.qqlJ.s41 s 500.00
5 s to,s0o,gffi-0il $ 15.0Qil.trq{J"Sr:l t t.000"00
fi s 15- t00.000.0{l Mm Itl0 -t- .{t5,r5 1.000 (iR
ffi fcsrlom, trlt rn ufscturlng. l* halonla Fqr{d on
Emplnyor Count
Ti'hohrrlr Profcrrlom
{crtr*On'
l.nn'sr
Employoc
{'nrrnl
Upp'or
il.mplclca
{:o|tnt
Annurl F'er
I il I s 40.ffi
't : .l I r t5.ilO
l 5 I $ I ?5.CIo
* tl tl c lltl.i)0
5 ll 1l s :5U.0{l
fi :rr 55 I 50r1.{rfJ
? )rr t:.1 s l.Fn$.00
t{ ll5 lvlrrr ll00 | $lt! ncr l:mnl$vcr'
f,rrod on F'€ct
{cIt€lor[' I.orvcr lll $'t Llsaar $o Ft Anlrurl FsG
0 !0flo 5 40.00
,:
l{r0{l I tltttl'0 I tlJ-t)0
J IfiM{] l{r:6u0 I l5tl"s0
,| trtl30ilu I I fi{}uo c JSnim
5 3 t fi000 5{r!{t0t} E !.000.00
n 5CI300{l hlur 100 .r. $l"50rl ,00$ Sq" Fl"
-C.tg$ffIcrtlontr-EuglnanrLlcennCertlrkutc$poclulty(lprrrtloni Fffiir ffiAFi:ilnrp Eurlnuc tartlllcltc $'cc !0-[{l
Bnlldln* Confi.riorE $15 pcr building grcrmit
Itlil{mnt }'ondor {Prddlcn Ssll*llor or 5,5m-ml
$ullt "5prlt'__lrltf - Flrcd l"ucutlnn 5f5"txr
llnnthh' tloctlaltr - Fllqd l.ottllon 5tfl"[tl
Qcnrtr6' $[addh'- FhGd lrotxllon s?s"00
..\rnnrl ltpqclultf - ttlrod t-ocutlun slm"fi:

Brunth Lmrtlnn Cgl{lncrt{ lf5.u(]
Olnco lhlh 5f5"u$
Resolution No. ll2l9

Page 6 ends

Page 73 ends

06/25/2024 Item No.4.

ATTACHMENT 2
United States Consumer Price Index - All Urban Consumers as published by the United States Bureau of Labor Statistics CPI- West Urban consumers, all items, San Francisco CMSA as of December 2023

Page 74 ends

06/25/2024 Item No.4.

ATTACHMENT 2
Databases, Tbbles & Calculators by Subject
chrnl. ouFut |tftldfi!
*
nannrord'
!S,llsf
@,,",1**
-l
16*rirfggdits ltl1t/t0tt
Itlorstomottiq0ltiottlf
includegraphs araual averages
$ala eirtrs(tEd on: l'9tll 15, t$l,l {,1:12:tl FSI}
Gnhtunilr Frlc. India tlr Ell Ultrn f,ohtufiolr {cPl-u] t rla3ld! CU[JnSI|aSJI!,CUU55{985[0
t'lot sseronitlt'ldjusted
S.d.ErltlE{ AllitEnr in srn prsnci:c+O'akla#-{aywrrd,{A, a,ll urbanmrsrm€ri, trol lealon*llf idlusted lrr$ 9an Flansirce0al*ldn6l|lyilard, CA
lllfi; &lirFmr
f,r! F.rbdr lg€2€dEl00
Opt t{*tfl
U.5. ilrnEAU OF HgOn STATISTICS Fostal Squrre B{riklhrg } Hfrcfrr(hu0dt* Ar,1fluo fit l^listrlrtghn, DC tl}r l?{l0Dl Ttlcphonerl-l0a{91-5200- T6kmfi!fiunic$fods nel8t s{rritEiT-l-1- ryilf,Hs-#n Csnted t ! l5t.l17 trt.:L 15.,t*,t ;1$l.r?3 15t.f,d6 250,5t13 25t,46tl5t.{tt 26l.0lt 26'{1,210 l:iB.t?1 2#,77' !E0.4llItrlt 2ta,$10 1t7.821 l'9,r1? llttt? ts6.t{+ 163,9ll 26b,1fil[tl uLz,slr0 :ti4,9[5 t{s,lr{t 1S?,St3 t?0.306 2B!,,.[t tntl tta.6et r$.ts4 t7s.8{t3 1?t,9t0 ???,{t4 1r1.St4 2?3,306 t16.$*!??1,610 l$9,6t3 209.nffi 28S.5,50 282.686 l8fi.4tstotl 28r,il0 t8t,4tl }t6,ffi1 t8?.66t 29?.00t $3.m4 293,150 t9&rss?9l,ll7 1t4,tol rt1.u9 z9L4tD 19€./t43 2$9.109 30r,o5ll0lD 2m,6!10 flo,014 $0,ml 300.r82 30r,736 302.9{$ 300.084 lt t.16? 3r3.ms f,ti.805 309.ttt 306,714 3u,ilstltl 304.3e7 m9,iu9 309.497 33U.0n2 331.2]1 3:t7.060 3:1.+0s ]SILTII2tltt Jm.lgti 3e{.8i8 3t0.539 3lBg7l 3{D.4lrtolt 33?.trj !!8,{!6 3it0.056 1,10.0!4 34r^trE 3!fl,t15 3:9.060 3t?.6t r t0t{ 345,r$r

Page 75 ends

06/25/2024 Item No.4.

This page is intentionally Ieft blank
to focilitst e double - side d printing
and minimize poper ttse.

CITY OF

DISTINCTIVE EY NATURE
FOLSON{

Page 76 ends

06/25/2024 Item No.4.
rffi
"ff$Lr*{}&!.

I ttr It
BratltaTtta ta L*?!lt
Folsom Crty Council
Staff ort

RECOMMENDATION / CITY COUNCIL ACTION
Staff recommends that the City Council move to adopt Resolution No. 1 1222 * A Resolution of the City Council Approving an Acquisition and Shortfall Agreement for the Community Facilities District No. 23 Improvement Area No. 6 (CMB Improvement Company, LLC)

BACKGROUND / ISSUE
On January 28,2014, The City Council adopted Resolution No. 9298 approving the Folsom Plan Area Specific Plan (FPASP) Public Facilities Financing Plan (PFFP). The PFFP is an $877 million plan that includes the necessary backbone infrastructure and public facility requirements, presents a comprehensive financing strategy and sets forth the estimated time horizon for the future development of the Folsom Plan Area (FPA).

At its May 26,2020 regularly scheduled meeting, City Council approved the formation of Community Facilities District No. 23 by Resolution No. 10435, including Improvement Areas 1 through 6. Improvement Area No. 6 was approved under Resolution No. 10441, deeming it necessary to incur bond indebtedness in and for the City of Folsom CFD No. 23, Improvement AreaNo. 6, also known as Mangini Ranch Phase lE. Mangini Ranch Phase lE included the Lot 14 Bungalows, Southpointe Project, and Lot l6 Apartments which have all received various entitlements approved by the City Council and/or the Folsom Planning Commission. Special tax revenues generated from CFD No. 23 Improvement Area No. 6 will fund aportion of, or in some cases all, of Mangini Ranch Phase lE backbone 1 MEETING DATE: 6/2512024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 11222 - A Resolution of the City Council Approving an Acquisition and Shortfall Agreement for the Community Facilities District No. 23 Improvement Area No. 6 (CMB Improvement Company, LLC)
FROM: Community Development Department

Page 77 ends

06/25/2024 Item No.5.
infrastructure and public facilities and improvements, related environmental mitigation obligations, and engineering design costs.
#"{-sl
,k-l
1 I
I
i
i
:l
l;l l:f.t.
sr. Hl]tll
Grading and
construction of the
infrastructure and other
various public
improvements
necessary to serve
Mangini Ranch Phase
1E is underway and
anticipated to be
completed in2025.
2 Page 78
06/25/2024 Item No.5.

POLICY / RULE
Chapter 5 of the Folsom Plan Area (FPA) Public Facilities Financing Plan authorizes the formation of CFD's to finance the construction, acquisition and servicing of backbone infrastructure and other public improvements.

Section 2.5.3 of the First Amended and restated Tier I Development Agreement authorizes the formation of infrastructure CFD's.

Resolution No. 9282 - A Resolution of the City Council of the City of Folsom Approving Goals and Policies for Community Facilities Districts
Mello-Roos Community Facilities Act of 1982

ANALYSIS
In order to obtain reimbursement from proceeds from the sale of bonds for CFD No. 23 Improvement Area No. 6 for eligible roadway and utility infrastructure and public improvements, approval of an Acquisition and Shortfall Agreement (Agreement) by the City Council is required. It is anticipated that the first bond sale for CFD No. 23 Improvement Area No. 6 to generate bond proceeds for reimbursement will occur in the Winter/Spring of 202412025 or shortly thereafter. The developer and the City are currently working together to achieve this goal.

The Agreement establishes the process required for the City to acquire the roadway and utility infrastructure and other various public improvements and the developer's responsibility for funding any construction cost shortfall. A summary of the roadway and utility infrastructure and various public improvements and facilities to be funded and acquired by the City is shown in Exhibit A of the attached Acquisition and Shortfall Agreement (See Attachment2). The roadway and utility infrastructure and other public improvements authorizedto be acquired with CFD No. 23 Improvement AreaNo. 6 bond proceeds include roadway, pedestrian, trail, and transportation improvements (Southpointe Drive, portions of East Bidwell, portions of Mangini Parkway, traffrc signal, etc.), and various in-tract public improvements related to streets, water (potable and non-potable), sanitary sewer, and storm drainage mains as well as landscaping and lighting improvements.

The Agreement requires the developer to complete the required roadway and utility infrastructure and other public improvements to the satisfaction of the City and meet specified thresholds in accordance with the Agreement prior to any reimbursement by the City.

J Page 79
06/25/2024 Item No.5.

FINANCIAL IMPACT
There is no direct financial impact on the City of Folsom..The CFD No. 23 Improvement Area No. 6 bonded indebtedness and expenses are solely the responsibility of CFD No. 23 Improvement AreaNo 6.

ENVIRONMENTAL.REVIEW
This action is exempt from environmental review pursuant to Section 15061 (b)(3) of the CEQA Guidelines. Environmental review for the public infrastructure subject to this Acquisition and Shortfall Agreement was completed in the FPASP EIR dated June 14, 2011.

ATTACHMENTS
l. Resolution No. I 1222 - A Resolution of the City Council Approving an Acquisition and Shortfall Agreement for Community Facilities District No. 23 Improvement Area No. 6 (CMB Improvement Company, LLC)

2. Acquisition and Shortfall Agreement
Submitted,
Pam Johns, Community Development Director
4 Page 80
06/25/2024 Item No.5.

ATTACHMENT 1
A Resolution of the City Council Approving an Acquisition and Shortfall Agreement for the Community Facilities District No. 23 ImprovementArea No. 6 (CVIB Improvement Comp any, LLC)

Page 81 ends

06/25/2024 Item No.5.

RESOLUTION NO. II222

A RESOLUTION OF THE CITY COUNCIL APPROVING AN ACQUISITION AND SHORTFALL AGREEMENT FOR THE COMMUNITY FACILITIES DISTRICT NO.23 TMPROVEMENT AREA NO. 6 (CMB IMPROVEMENT COMPANY, LLC)
WHEREAS, the City Council has adopted Resolution No. 10435 declaring its intention to establish a community facilities district and to levy a special tax to pay for certain public improvemenls and public services in and for such community facilities district; and WHEREAS, the City Council has adopted Resolution No. 10441declaring the necessity to incur a bonded indebtedness to finance certain public improvements in and for the City of Folsom Community Facilities District No. 23 Improvement Area No. 6 (CMB Improvement Company, LLC); and
WHEREAS, Staff has prepared an Acquisition and Shortfall Agreement for the proposed eligible public improvements of Community Facilities District No. 23 Improvement Area No. 6 (CMB Improvement Company,LLc),
NOW, THEREFORE, BE IT RESOLVED that the Acquisition and Shortfall Agreement for Community Facilities District No. 23 Improvement Area No. 6 (CMB Improvement Company, LLC) is hereby approved, and the City Manager is authorizedto execute said Agreement in a form approved by the City Attorney.

PASSED AND ADOPTED this 25th day of June 2024, by the following roll-call vote:

AYES: Councilmember(s)
NOES: Councilmember(s)
ABSENT: Councilmember(s)
ABSTAIN: Councilmember(s)
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. 11222
Page I of I
Michael D. Kozlowski, MAYOR

Page 82 ends

06/25/2024 Item No.5.

ATTACHMENT 2
Acquisition and Shortfall Agreement for the Community Facilities District No. 23 Improvement Area No. 7 (Toll Brothers Phase 34. & 3B)

Page 83 ends

06/25/2024 Item No.5.

COMMUNITY F'ACILITIES DISTRICT NO. 23
(FOLSOM RANCH) IMPROVEMENT AREA NO. 6

ACQUISITION AND SHORTF'ALL AGREEMENT

BY AND BETWEEN

THE CITY OF FOLSOM
AND

CMB IMPROVEMENT COMPANY, LLC,
a California Limited Liability Company,
Dated as of 2024

Page 84 ends

06/25/2024 Item No.5.

ACQUISITION AND SHORTFALL AGREEMENT
City of Folsom Community Facilities District No.23
(Folsom Ranch) Improvement Area No. 6
Recitals
A. The parties to this Acquisition and Shortfall Agreement (the'oAgreement") are the CITY OF FOLSOM, (the "City"), and CMB IMPROVEMENT COMPANY, LLC, a California limited liability company, ("Developer").

B. The effective date of this Agreement is 2024 (*Effective Date").

C. The Developer intends to construct certain road, water, sewer and other public capital improvements, as more particularly described in Exhibit A attached hereto (collectively, the "Acquisition Improvements") to serve the development of real property owned by Developer within the Folsom Plan Area and within the boundaries of the District described below. The public capital improvements are to be owned and operated by the City, and the financing is to be accomplished, in part, with funding to be provided by the District under and pursuant to the Mello-Roos Community Facilities Act of 1982 - California Government Code Sections 53311 and following (the "Act").

D. On May 26,2020, the City adopted Resolution No. 10441 to form City of Folsom Community Facilities District No. 23 (Folsom Ranch) Improvement Area No. 6 (the "District" or '.CFD 23") within the Folsom Plan Area to finance, among other authorized facilities, the Acquisition Improvements and, on the same date, a landowner election was conducted in which all of the votes were cast unanimously in favor of forming the District.

E. The District intends to levy special taxes and cause the Authority to issue CFD 23 Bonds to fund, among other things, a portion of the costs of the Acquisition Improvements. The proceeds of the District special taxes and CFD 23 Bonds, together with interest earned thereon, are referred to herein as the "Available CFD 23 Proceeds." The Available CFD 23 Proceeds shall include the amount of (i) special taxes, if any, collected for a period of twenty (20) years beginning with the Fiscal Year in which: (a) the first building permit is issued in Improvement AreaNo. 1, or (b) the first series of bonds or other debt is issued in Improvement AreaNo. 6, whichever occurs first, available to fund the direct payment for the acquisition and/or construction of Acquisition Improvements and not related to or required to fund debt service or Administrative Expenses, as defined in and determined in accordance with the Rate and Method of Apportionment for the District (the "Available Pay-Go Proceeds"), and (ii) the net acquisition proceeds generated by all CFD 23, Improvement Area No. 6 Bond sale(s) issued by the Authority and secured by CFD 23, Improvement Area No. 6 special taxes.

F. Attached hereto as Exhibit A is a description of the Acquisition Improvements and attached hereto as Exhibit B is a description of certain authorized discrete and usable portions of the Acquisition Improvements that may be acquired from Developer pursuant to Section 53313.51 of the Act. It is understood that the Available CFD 23 Proceeds may not be sufficient to reimburse the Developer for all of the costs and expenses of the Acquisition 1 Page 85
06/25/2024 Item No.5.

Improvements contemplated hereunder, or otherwise finance said improvements. Accordingly, Developer understands and acknowledges that any shortfall in the Available Amount toward the construction and completion of the Acquisition Improvements is the Developer's sole responsibility, and that the Acquisition Price will be paid solely from the Available CFD 23 Proceeds, or from any proceeds that may become available for such payment through the SPIF Program (as defined herein) for an Acquisition Improvement included in the SPIF Program.

G. The parties anticipate that, upon completion of the Acquisition Improvements and subject to the terms and conditions of this Agreement and final acceptance by the City Engineer in writing, the City will acquire the completed Acquisition Improvements.

H. Any and all monetary obligations of the City arising out of this Agreement are the special and limited obligations of the Crty payable only from the Available CFD 23 Proceeds, and no other funds whatsoever of the District, the Authority, or the City shall be obligated therefor under any circumstances under this Agreement.

I. Attached to this Agreement are E&![i!1\ (the Acquisition Improvements), Exhibit B (Eligible Portions of Acquisition Improvements, including related Design Costs), Exhibit C (form of Requisition), and Exhibit D (Insurance Requirements), all of which are incorporated into this Agreement for all purposes'
Aqreement

ARTICLE I
DEFINITIONS; COMMLTNITY FACILITIES DISTRICT FORMATION

AND FINANCING PLAN
Section 1.01. Definitions. As used herein, the following capitalized terms shall have the meanings ascribed to them below:
"Acceptable Title" means free and clear of all monetary liens, encumbrances, assessments, whether any such item is recorded or unrecorded, and taxes, except those items which are reasonably determined by the City Engineer, upon consultation with the City Afforney, not to interfere with the intended use and therefore are not required to be cleared from the title. "Acquisition and Construction Fund" means the "Community Facilities District No. 23 Improvement Area No. 6 Acquisition and Construction Fund" established by the District for the purpose of paying the Acquisition Prices of the Acquisition Improvements. "Acquisition Improvements" means the Acquisition Improvements described in Exhibit { hereto.
"Acquisition Price" means the total amount eligible to be paid to the Developer upon acquisition of the Acquisition Improvements as provided in Section 2.03, including any additional Available CFD 23 Proceeds collected thereafter that are eligible to be paid to Developer, but not to exceed the Actual Cost of the Acquisition Improvement, together with the CCI adjustment thereon until paid in fuIl as provided herein. 2 Page 86
06/25/2024 Item No.5.
"Actual Cost" means the total cost of the Acquisition Improvements, or Eligible Portions thereof, as documented by the Developer to the satisfaction of the City and as certified by the City Engineer in an Actual Cost Certificate including, without limitation, (a) the Developer's cost of constructing the Acquisition Improvements including grading, labor, material and equipment costs, (b) the Developer's cost of designing and engineering the Acquisition Improvements, preparing the plans and specifications and bid documents for the Acquisition Improvements, and the costs of inspection, materials testing and construction staking for the Acquisition Improvements, (c) the Developer's cost of any performance, payment and maintenance bonds and insurance, including title insurance, required hereby for the Acquisition Improvements, (d) the Developer's cost of any real property or interest therein that is either necessary for the construction of the Acquisition Improvements (e.g., temporary construction easements, haul roads, etc.), or is required to be conveyed with such Acquisition Improvement in order to convey Acceptable Title thereto to the City or its designee, (e) the Developer's cost of environmental evaluation or mitigation required for the Acquisition Improvements, (f) the amount of any fees actually paid by the Developer to the City and any other governmental agencies in order to obtain permits, licenses or other necessary governmental approvals and reviews for the Acquisition Improvements, (g) the Developer's cost for construction and project management, administration and supervision services for the Acquisition Improvements, (h) the Developer's cost for professional services related to the Acquisition Improvements, including engineering, accounting, legal, financial, appraisal and similar professional services, and (i) the costs of construction financing incurred by the Developer with respect to the Acquisition Improvements.
"Actual Cost Certifrcate" means a certificate prepared by the Developer detailing the Actual Cost of the Acquisition Improvements, or Eligible Portions thereof, to be acquired hereunder, as may be revised by the City Engineer pursuant to Section 2.03. "Agreement" means this Acquisition Agreement, dated as of "Authority" means the Folsom Ranch Financing Authority. 2024.
"Available CFD 23 Proceeds" shall have the meaning assigned to the term in Recital E. "Available Pay-Go Proceeds" shall have the meaning assigned to the term in Recital E. 'oCCl" means the construction cost index reported by the Engineering News Record used by the City to adjust construction costs, currently based on the average of the change in the San Francisco Construction Cost Index and the change in the 2}-city Construction Cost Index for the l2-month period ending in May, or comparable index of annual construction costs for public capital improvements used by the City.
"CFD Administrator" means the administrator of the District appointed by the City. "CFD 23 Bonds" means bonds or other indebtedness issued by the Authority that are to be repaid with District Special Taxes.
a
J
"CiW" means City of Folsom.

Page 87 ends

06/25/2024 Item No.5.
"City Engineer" means the City Engineer of the City or his/her designee who will be responsible for administering the acquisition of the Acquisition Improvements hereunder. "Cods" means the Government Code of the State of California. "Developer" means CMB IMPROVEMENT COMPANY, LLC, a California limited liability company, their successors and assigns.
"Director" means the Director of the City's Community Development Department or his/her designee.
"Disbursement Request Form" means a requisition for payment of funds from the Acquisition and Construction Fund for an Acquisition Improvement, or an Eligible Portion thereof, in substantially the form contained in Exhibit C hereto. "District" shall have the meaning assigned to the term in Recital D. "Eligible Portions" means the eligible, discrete and usable portions of the Acquisition Improvements available for acquisition and payment of Installment Payments listed and described in Exhibit B hereto.
"Installment Payment" means an amount approved by the City Engineer as partial payment toward the Actual Cost of an Eligible Portion as shown in Exhibit B-Description of Eligible Portions of Acquisition Improvements.
'oProject" means the Developer's development of the property in the District, including the design and construction of the Acquisition Improvements and the other public and private improvements to be constructed by the Developer within the District. "special Taxes" means annual special taxes, and prepayments thereof, authorized by and to be levied by the District.
"Title Documents" means, for the Acquisition Improvements acquired hereunder, a grant deed or similar instrument necessary to transfer title to any real property or interests therein (including easements), or an irrevocable offer of dedication of such real property with interests therein necessary to the operation, maintenance, rehabilitation and improvement by the City of the Acquisition Improvements (including, if necessary, easements for ingress and egress) and a bill of sale or similar instrument evidencing transfer of title to the Acquisition Improvements (other than said real property interests) to the City, where applicable.

Section 1.02. Establishment of C Facilities District. The Community Facilities District was established by the City on May 26, 2020, and through the successful landowner election held that same day, the District is authorizedto levy the Special Taxes and to issue the CFD 23 Bonds to finance the Acquisition Prices for the Acquisition Improvements.

Developer and the City agree to reasonably cooperate with one another and with the District in the completion of the financing through the issuance by the Authority of the CFD 23 Bonds in one or more series and/or the collection of Special Taxes to generate Available Pay-Go Proceeds. 4 Page 88
06/25/2024 Item No.5.

Section 1.03. Deposit and Use of Available CFD 23 Proceeds. (a) Developer Pay-Go Proceeds. Available Pay-Go Proceeds collected by the District shall be deposited in the Acquisition and Construction Fund established by the District, and may be disbursed to pay the Acquisition Price and Installment Payments of Acquisition Improvements in accordance with Article II of this Agreement. All funds in the Acquisition and Construction Fund shall be considered a portion of the Available CFD 23 Proceeds. (b) CFD 23 Bond Series. Upon the delivery of each issue or issues of CFD 23 Bonds, the net proceeds thereof shall be deposited into the Acquisition and Construction Fund for the purpose of holding all funds for the Acquisition Improvements. A11 earnings on amounts in the Acquisition and Construction Fund shall remain in the Acquisition and Construction Fund for use as provided herein. Money in the Acquisition and Construction Fund shall be available to respond to delivery of a Disbursement Request Form and to be paid to the Developer or its designee to pay the Acquisition Price and Installment Payments of the Acquisition Improvements, or portions thereof, as specified in Article II hereof. (c) Prioritv Use of e CFD 23 Proceeds. The Available CFD 23 Proceeds will be used primarily to fund the costs of the Acquisition Improvements, and then to fund the costs of any other developer improvements advanced and/or constructed by a developer within the Plan Area that are authorized for acquisition by the District. The Available CFD 23 Proceeds shall be used first to fund any of the Acquisition Improvements, in any order, as and when each Acquisition Improvement or Eligible Portion is completed and payment of the Acquisition Price or Installment Payment can be paid to Developer as provided herein. Upon completion of all of the Acquisition Improvements hereunder and payment of the Acquisition Prices therefor, any remaining funds in the Acquisition and Construction Fund (less any amoqnt determined by the District as necessary to reserve for claims against the account) shall be (i) applied or reserved for application to pay the costs of any other authorized developer improvements and, to the extent not so used, (ii) shall be applied by the District to call Bonds or to reduce Special Taxes as the District shall determine.

Section 1.04. No Effect of CFD Funding on SPIF Payments. If and to the extent any of the Acquisition Improvements are also included for financing within the Specific Plan Infrastructure Fee Program (the "SPIF Program"), any payments hereunder from Available CFD 23 Proceeds to Developer for such Acquisition Improvements shall not affect or limit Developer's ability to obtain and apply fee credits against and/or fee reimbursements from the SPIF Fee Program in consideration of its construction of the Acquisition Improvements that are included for financing in the SPIF Program. Developer's right to any such fee credits and/or fee reimbursements from the SPIF Program would be subject to and contingent upon Developer's entering into and complying with the requirements of a separate SPIF Fee Reimbursement Agreement to be entered into between the City and Developer for the Acquisition Agreements that are included for financing in the SPIF Program.

Section1.05. No District or Citv Liabilitv: Citv Discretion; No Effect on Other Agreements. In no event shall any actual or alleged act by the District or the City or any actual or alleged omission, negligence, or failure to act by the District or the City with respect to the performance of its obligations hereunder subject the District or the City to any liability therefor, whether monetary or otherwise (except only as to pay any amounts available and payable 5 Page 89
06/25/2024 Item No.5.
hereunder from Available CFD 23 Proceeds). Further, nothing in this Agreement shall be construed as affecting the Developer's or the City's duty to perform their respective obligations under any other agreements between the parties hereto, or the City's enforcement of applicable laws, ordinances, rules, policies and regulations pertaining to public improvement standards and/or specifications, as well as land use and subdivision requirements related to the Project, all of which are and shall remain independent of the Developer's and the City's rights and obligations under this Agreement.

ARTICLE II

DESIGN, CONSTRUCTION AND ACQUISITION OF ACQUISITION IMPROVEMENTS Section 2.01. Letting and Administering Design Contracts. The Developer has awarded and administered, or will award and administer, or through the City has advanced funds for the engineering design contracts for the Acquisition Improvements to be acquired from Developer.

All eligible expenditures of the Developer for design engineering and related costs in connection with the Acquisition Improvements (whether as an advance to the City or directly to the design consultant)incurredpriortotheEffectiveDate,asidentifiedonWattachedhereto,sha11 be reimbursed at the time of the first Bond sale, and, thereafter, all additional, eligible design engineering and related costs shall be reimbursed at the time of acquisition of the Acquisition Improvements. The Developer shall be entitled to reimbursement for any design costs of the Acquisition Improvements only out of the Acquisition Price as provided in Section 2.03 and shall not be entitled to any payment for design costs independent of the acquisition of Acquisition Improvements.

Section 2.02. Letting and Administration of Construction Contracts: Indemnification.

Developer agrees to comply with City requirements with respect to contracting for the construction of the Acquisition Improvements. The Developer agrees that all the contracts shall call for compliance with all provisions of the prevailing wage law for "public works" as required by the Labor Code of the State of California and shall require all work to be performed by licensed general contractors. The Developer's indemnification obligation set forth in Section

3.01 of this Agreement shall also apply to any alleged failure to comply with the requirements of this Section, and/or applicable State laws regarding public contracting and prevailing wage laws applicable to public works.
(a) Plans and Specifications. The Developer represents and covenants that it has obtained or will obtain approval of the plans and specifications for the Acquisition Improvements from all appropriate departments of the City and from any other public entity or public utility from which such approval must be obtained, prior to construction. The Developer further covenants that the Acquisition Improvements will be constructed in full compliance with such approved plans and specifications and any change orders thereto, as approved in the same manner, and the adopted City Standard Construction Specifications and Improvement Standards.

The Developer shall submit copies of all plans and specifications to the Director or his/her designee.
6 Page 90
06/25/2024 Item No.5.
(b) CEQA. The Developer covenants that it has complied or will comply with the California Environmental Quality Act in conjunction with the construction of the Acquisition Improvements and their conveyance pursuant to the terms set forth herein. (c) Inspection. The Developer covenants that the City, and other public entities or public utilities to whom any of the Acquisition Improvements will be conveyed, will be permitted to inspect the Acquisition Improvements using the same standards which would be applied to a public works project.
(d) Insurance. With respect to the construction of the Acquisition Improvements, the Developer shall furnish to City a certificate or certificates of insurance, with an insurance carrier acceptable to City and in a form satisfactory to the City Attorney, evidencing insurance coverage consistent with Exhibit D attached hereto. (e) Performance and Payment Bonds. Except as otherwise provided herein, the Developer covenants to comply with all applicable performance, labor and materials and completion bond requirements of the City with respect to the construction of the Acquisition Improvements. To the extent bonds are required, Developer further covenants and agrees to execute and deliver or otherwise cause to be provided to City, prior to construction and in forms acceptable to the City Attorney, a faithful Performance Bond in the amount of 100% of the estimated cost of the Acquisition Improvements and a Labor and Materials Bond in the amount of l00Yo of the estimated cost of the Acquisition Improvements, from a bonding company with an A.M. Best rating of at least "A-" or its equivalent. Such bonds shall only be released upon full completion of the Acquisition Improvements, the Crty's written acceptance of the Acquisition Improvements, and payment of all persons furnishing labor and materials.

Section 2.03. Sale of Acquisition Improvements. The Developer agrees to sell to the City each of the Acquisition Improvements to be constructed by Developer (including any rights- of-way or other easements necessary for the Acquisition Improvements, to the extent not already owned by the City), when each of the Acquisition Improvements is completed to the satisfaction of the City and accepted by the City Engineer in writing for an amount not to exceed the lesser of (i) the Available CFD 23 Proceeds and (ii) the Actual Cost of the Acquisition Improvement(s), increased from and after the completion of the Acquisition Improvements until paid in full based on the annual increase, if any, in the CCI from such completion to date of payment (the "Acquisition Price"). Notwithstanding any provision to the contrary, the Developer understands that the Available CFD 23 Proceeds for the acquisition of the Acquisition Improvements may not be sufficient to reimburse the Developer for all of the costs and expenses constructing the Acquisition Improvements, or otherwise finance said improvements. Accordingly, Developer acknowledges and agrees that any shortfall in the amount of Available CFD 23 Proceeds for the construction and completion of the Acquisition Improvements is the Developer's sole responsibility, and that the Acquisition Price to be paid pursuant to this Agreement will be paid solely from the Available CFD 23 Proceeds, or from any proceeds that may become available for such payment through the SPIF Program for an Acquisition Improvement included in the SPIF Program.

Exhibit A, attached hereto and incorporated herein, contains a list of the Acquisition Improvements. Portions of the Acquisition Improvements eligible for Installment Payments prior to completion of the entire Acquisition Improvements are described as eligible, discrete and 7 Page 91
06/25/2024 Item No.5.
usable portions in Exhibit B (each, an "Eligible Portion"). At the time of completion of each Acquisition Improvement, or Eligible Portion thereof, the Developer shall deliver to the City Engineer a written request for acquisition, accompanied by an Actual Cost Certificate, and by executed Title Documents for the transfer of the Acquisition Improvement where necessary. In the event that the City Engineer finds that the supporting paperwork submitted by the Developer fails to demonstrate the required relationship between the subject Actual Cost and eligible work, the City Engineer shall advise the Developer that the determination of the Actual Cost (or the ineligible portion thereof) has been disallowed and shall request further documentation from the Developer. If the further documentation is still not adequate, the City Engineer may update the Actual Cost Certificate to revise or delete any disallowed items and the determination shall be subject to appeal to the Director, whose determination shall be final.

Certain soft costs for the Acquisition Improvements, such as civil engineering, may have been incurred pursuant to single contracts that include work relating also to the private portions of the Project or to multiple Acquisition Improvements. In those instances, the total costs under such contracts will be allocated to each Acquisition Improvement as approved by the City Engineer. Where a specific contract has been awarded for design or engineering work relating solely to an Acquisition Improvement, one hundred percent (100%) of the costs under the contract will be allocated to that Acquisition Improvement. Soft costs will be allocated to each Acquisition Improvement as approved by the City Engineer. The costs of environmental mitigation required to mitigate the impacts of the public and private portions of the Project will be allocated to each Acquisition Improvement as approved by the City Engineer. Pursuant to Section 2.01, all eligible expenditures of soft costs in connection with the Acquisition Improvements (whether as an advance to the City or directly to the design consultant) incurred prior to the Effective Date, as identified in Exhibit B attached hereto, shall be reimbursed at the time of first Bond sale, and, thereafter, all additional, eligible soft costs shall be reimbursed at the time of acquisition of the Acquisition Improvements.

Section 2.04. Conditions Precedent to Payment of Acquisition Price. Payment to the Developer or its designee of the Acquisition Price for each Acquisition Improvement shall in every case be conditioned first upon the determination of the City Engineer that the Acquisition Improvement satisfies all City construction standards and specifications, rules, policies, regulations and ordinances and shall be further conditioned upon satisfaction of the following additional conditions precedent:
(a) Lien Releases. The Developer shall have provided the City with lien releases or other similar documentation satisfactory to the City Engineer as evidence that none of the property (including any rights-of-way or other easements necessary for the operation and maintenance of the Acquisition Improvement, to the extent not already owned by the City) comprising the Acquisition Improvement, and the property r,vhich is subject to the special taxes of the Community Facilities District, is subject to any prospective mechanics lien claim respecting the Acquisition Improvements.
(b) Payment of Taxes. The Developer shall be current in the payment of all due and payable general property taxes, and all special taxes of the Community Facilities District, on property owned by the Developer or under option to the Developer within the Community Facilities District.
8 Page 92
06/25/2024 Item No.5.
(c) Certification No Loan D . The Developer shall certifu that it is not in default with respect to any loan secured by any interest in the Project. (d) Title Documents. The Developer shall have provided the City with Title Documents needed to provide the City with Acceptable Title to the site, right-of-way, or easement upon which the subject Acquisition Improvements are situated. All such Title Documents shall be in a form acceptable to the City Attorney and shall convey Acceptable Title.

The Developer shall provide a policy of title insurance as of the date of transfer in a form acceptable to the City Attorney insuring the City as to the interests acquired in connection with the acquisition of any interest for which such a policy of title insurance is not required by another agreement between the City and the Developer, Each title insurance policy required hereunder shall be in the amount equal to the Acquisition Price. The amount paid to the Developer or its ,designee upon satisfaction of the foregoing conditions precedent shall be the Acquisition Price less all Installment Payments paid previously with respect to the Acquisition Improvement. (e) Retention for T.ist Work. In the case of a completed Acquisition Improvement suitable for public use, but for which certain punch list work remains to be completed prior to formal acceptance by the City, the City shall retain from the payment of any Acquisition Price for such Acquisition Improvement the amount of one hundred and fifty percent (150%) of the value of punch list work not completed. Upon payment and acceptance of the Acquisition Price, less the retention for any punch list work, for each completed Acquisition Improvement or portion thereof, Developer shall have no further claim for payment from the City with respect to the retentions until completion of the punch list work. The City shall hold the retention amount on all Acquisition Improvements acquired until the punch list work is completed and accepted by the City. Provided, however, in any event, the City will not pay for the acquisition of any completed Acquisition Agreement or portion thereof unless and until the street, drainage or other utility rights of way where they are located have been irrevocably offered to the City for dedication and the remaining conditions precedent to payment under this Section 2.04 arc satisfied.
(0 Warrantv Bond. The Developer shall provide to City a warranty bond equal to l0o/o of the Actual Cost of the Acquisition Improvement. Commencement of the one- year warranty period shall start at the time of City's formal acceptance of the Acquisition Improvements in writing.

Section 2.05. Payment for Eligible Portions. The Developer may submit an Actual Cost Certificate to the City Engineer with respect to any Eligible Portion. Payment to the Developer or its designee from the Acquisition and Construction Fund andlor SPIF Set-Aside Fund of an Installment Payment with respect to such Eligible Portion shall in every case be conditioned first upon the determination of the City Engineer, that the Eligible Portion has been completed in accordance with all applicable plans and City construction standards and specifications, rules, policies, regulations and ordinances and is otherwise complete and, where appropriate, is ready for acceptance by the City, and shall be further conditioned upon satisfaction of the following additional conditions precedent:
(a) The Developer shall have provided the City with lien releases or other similar documentation satisfactory to the City Engineer as evidence that the property (including any rights-of-way or other easements necessary for the operation and maintenance of the Eligible 9 Page 93
06/25/2024 Item No.5.

Portion, to the extent not already owned by the City) comprising the Eligible Portion is not subject to any prospective mechanics lien claim respecting the Eligible Portion. (b) The Developer shall be current in the payment of all due and payable general property taxes, and all special taxes of the Community Facilities District, on property owned by the Developer or under option to the Developer within the Community Facilities District.
(c) The Developer shall have provided the City with Title Documents needed to provide the City with Acceptable Title to the site, right-of-way, or easement upon which the subject Eligible Portion is situated. All such Title Documents shall be in a form acceptable to the City Attorney and shall be sufficient, upon completion of the Acquisition Improvements of which the Eligible Portion is a part, to convey Acceptable Title to the Eligible Portion. The Developer shall provide a policy of title insurance as of the date of transfer in a form acceptable to the City Attorney insuring the City as to the interests acquired in connection with the acquisition of any interest for which such a policy of title insurance is not required by another agreement between the City and the Developer. Each title insurance policy required hereunder shall be in the amount equal to the Installment Payment for the Eligible Portion. (d) Payment and performance bonds, from a bonding company with an A.M.

Best rating of at least "A-" or its equivalent, applying to plans, standards and specifications for the Acquisition Improvements approved by the City Engineer, shall be in place to secure completion of the Acquisition Improvements of which the Eligible Portion is a part. As an alternative thereto, Developer may ask the City to retain and reserve the amount of funds in the Acquisition and Construction Fund equal to the estimated cost to complete such Acquisition Improvements in the manner described in Section 2.02(e) above. (e) The amount paid to the Developer or its designee upon satisfaction of the foregoing conditions precedent shall be the "Installment Payment" with respect to the Eligible Portion.

Section 2.06. Disbursement Request Form. Upon a determination by the City Engineer to pay the Acquisition Price of an Acquisition Improvement pursuant to Section 2.04 or to pay an Installment Payment for an Eligible Portion thereof pursuant to Section 2.05, the City Engineer shall cause a Disbursement Request Form substantially in the form attached hereto as s!!@Q, to be submitted to the CFD Administrator for payment from the Acquisition and Construction Fund, up to the Acquisition Price or Installment Payment amount, and the CFD Administrator shall authorize such payment directly to the Developer or its designee of the authorized amount.

In the event that the Actual Cost of the Acquisition Improvements or the Installment Payment for an Eligible Portion is in excess of the amounts then available in the Acquisition and Construction Fund, subject to any retention of funds as security for the work pursuant to Section

2.02(e) and/or for punch list work pursuant to Section 2.04(e), the CFD Administrator andlor the City shall withdraw all funds then available in the Acquisition and Construction Fund and shall transfer those amounts to the Developer or its designee. The unpaid portion of the Actual Cost, as adjusted by the CCI, shall be paid from funds that may subsequently be deposited in andlor become available for payment from the Acquisition and Construction Fund. Developer understands that the Available CFD 23 Proceeds for the acquisition of the Acquisition 10 Page 94
06/25/2024 Item No.5.

Improvements may not be sufficient to reimburse the Developer for all of the costs and expenses constructing the Acquisition Improvements, or otherwise finance said improvements.

Accordingly, Developer acknowledges and agrees that any shortfall in the Available CFD 23 Proceeds toward the construction and completion of the Acquisition Improvements is the Developer's sole responsibility, and that the Acquisition Price will be paid solely from the Available CFD 23 Proceeds, or from any proceeds that may become available for such payment through the SPIF Program for an Acquisition Improvement included in the SPIF Program.

Section 2.07. INTENTIONALLY
Section 2.08. Limitation on Obligations. Notwithstanding any provision to the contrary, in no event shall the District, the Authority or the City be required to pay the Developer or its designee more than the amounts held in the Acquisition and Construction Fund for the Acquisition Improvements under this Agreement.

Section 2.09. Warranties: Maintenance. Developer warrants the Acquisition Improvements as to materials and workmanship and should any failure due to faulty design or materials of the Acquisition Improvements or any parts thereof occur within a period of one (1) year after formal acceptance of the completed Acquisition Improvements by the City in writing, Developer shall promptly cause the needed repairs to be made at its sole cost and expense, without any expense or cost to City and without further reimbursement from the City. Developer shall provide to City, at the time of submittal of each payment request, a warranty bond equal to 10% of the value of each Acquisition Improvement.

City is hereby authorized to make repairs if Developer fails to make, or undertake with due diligence, the aforesaid repairs within twenty (20) calendar days after it is given written notice of such failure. In case of emergency where delay would cause serious hazard to the public, the necessary repairs may be made by Crty without prior notice to Developer. In all cases of failure of the Acquisition Improvements within the warranty period where the City has taken action in accordance with this paragraph, Developer shall reimburse City for any and all costs or expenses, direct and indirect, incurred by the City within thirty (30) calendar days of receiving invoice from the City. If the Developer fails to timely pay such reimbursement, the City may recover such costs or expenses from any and all Available CFD 23 Proceeds in the Acquisition and Construction Fund, in addition to any and all remedies at law or in equity.

Any warranties, guarantees or other evidence of continuing obligations of third persons with respect to any Acquisition Improvement to be acquired by the City shall be delivered to the Director as part of the conveyance of the Acquisition Improvement. No later than the time for such conveyance, the Developer shall veriff and confirm existence of a funding mechanism acceptable to City for the ongoing maintenance of the Acquisition Improvements in accordance with applicable City standards, policies and ordinances and for such periods as are required by applicable City standards, policies and ordinances.
l1 Page 95
06/25/2024 Item No.5.

ARTICLE III

MISCELLANEOUS
Section 3.01. Indemnification and Hold Harmless. The Developer hereby assumes the defense of, and indemnifies and saves harmless the City, the Authority, the District, and their respective officers, directors, employees and agents (collectively, the "Indemnitees"), from and against all actions, damages, claims, losses or expenses of every type and description including but not limited to personal injury, or bodily itj*y including death, as well as from claims for property damage which may arise from the operations of the Developer or its contractors, subcontractors, agents, or employees, to which the Indemnitees may be subjected or put, by reason of, or resulting from or alleged to have resulted from the acts or omissions of the Developer or its contractors, subcontractors, agents or employees arising out of any contract for the design, engineering and construction of the Acquisition Improvements entered into by or for the Developer, or arising out of any alleged misstatements of fact or alleged omission of a material fact made by the Developer, its officers, directors, employees or agents to the District's underwriter, financial advisor, appraiser, district engineer or bond counsel or regarding the Developer, its proposed developments, its property ownership and its contractual arrangements contained in the official statement relating to the District financing (Developer hereby acknowledges that it has been furnished a copy of the official statement for the District and has not objected thereto). Nothing in this Section 3.01 shall limit in any manner the City's rights against any of the Developer's architects, engineers, contractors or other consultants. Except as set forth in this Section 3.01, no provision of this Agreement shall in any way limit the extent of the responsibility of the Developer for payment of damages resulting from the operations of the Developer, its agents and employees. Nothing in this Section 3.01 shall be understood or construed to mean that the Developer agrees to indemnifr the Indemnitees for any wrongful acts, willful misconduct, active negligence or omissions to act of the Indemnitees. It is understood that the duty of Developer to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by Crty of any insurance certificates or endorsements does not relieve Developer from liability under this indemnification and hold harmless clause. This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply. By execution of this Agreement, Developer acknowledges and agrees to the provisions of this Section and that it is a material element of consideration. The foregoing indemnity obligation of the Developer shall survive the termination or expiration of this Agreement.

Section 3.02. Audit. The City shall have the right, during normal business hours and upon the giving of ten days' written notice to the Developer, to review all books and records of the Developer pertaining to costs and expenses incurred by the Developer (for which the Developer seeks reimbursement pursuant to this Agreement) in constructing the Acquisition Improvements.

Section 3.03. Cooperation. The City and the Developer agree to cooperate with respect to the completion of the financing of the Acquisition Improvements by the District through the levy of the Special Taxes and issuance of Bonds. The City and the Developer agree to meet in good faith to resolve any differences on future matters which are not specifically covered by this Agreement.
t2 Page 96
06/25/2024 Item No.5.

Section 3.04. General Standard of Reasonableness. Any provision of this Agreement which requires the consent, approval or acceptance of either party hereto or any of their respective employees, officers or agents shall be deemed to require that the consent, approval or acceptance not be unreasonably withheld or delayed, unless the provision expressly incorporates a different standard. The foregoing provision shall not apply to provisions in the Agreement which provide for decisions to be in the sole discretion of the party making the decision.

Section 3.05. Third Partv Beneficiaries. It is expressly agreed that there are no third party beneficiaries of this Agreement, including without limitation any owners of Bonds, any of the City's, District's or Developer's contractors for the Acquisition Improvements and any of the City's, District's or the Developer's agents and employees.

Section 3.06. Conflict with Other Agreements. Nothing contained herein shall be construed as releasing the Developer or the City from any condition of development or requirement imposed by any other agreement between the City and the Developer, and, in the event of a conflicting provision, the other agreement shall prevail unless the conflicting provision is specifically waived or modified in writing by the City and the Developer.

Section 3.07. Notices. All invoices for payment, reports, other communication and notices relating to this Agreement shall be mailed or e-mailed to:

Either party may change its address by giving notice in writing to the other party.

Section 3.08. Severabiliw. If any part of this Agreement is held to be illegal or unenforceable by a court of competent jurisdiction, the remainder of this Agreement shall be given effect to the fullest extent reasonably possible.

Section 3.09. Governing Law. This Agreement and any dispute arising hereunder shall be governed by and interpreted in accordance with the laws of the State of California. Any action brought relating to this Agreement shall be held exclusively in a state court in the County of Sacramento.

If to the City:

Chief Financial Officer
City of Folsom
50 Natoma Street
Folsom, CA 95630
E-mail : [email protected]
With a copy to
City Attomey
City of Folsom
50 Natoma Street
Folsom, CA 95630
E-mail : swang@,folsom.ca.us
If to the Developer:

CMB Improvement Company, LLC
4370 Town Center Blvd., Suite 100
El Dorado Hills, CA95762
Attention: William B. Bunce
E-mail: [email protected]
With a copy to:

Hefner Law
2150 River PlazaDrive, Ste. 450
Sacramento, CA 95833
Attention: Chad E. Roberts
E-mail : croberts@hsmlaw. com
13 Page 97
06/25/2024 Item No.5.

Section 3.10. Waiver. Failure by aparty to insist upon the strict perfonnance of any of the provisions of this Agreement by the other party, or the failure by aparty to exercise its rights ,tpott the default of the other party, shall not constitute a waiver of such party's right to insist and demand strict compliance by the other party with the terms of this Agreement.

Section 3.11. Singular and Plurall Gender. As used herein, the singular of any word includes the plural, and terms in the masculine gender shall include the feminine.

Section3.12. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original.

Section 3.13. Successors and Assigns. This Agreement is binding upon the heirs, assigns and successors-in-interest of the parties hereto. The Developer may not assign its rights or obligations hereunder, except to successors-in-interest to the property within the District, without the prior written consent of the City, which consent shall not be unreasonably withheld.

Section 3.14. Remedies in General. It is acknowledged by the parties that the City would not have entered into this Agreement if it were to be liable in damages under or with respect to this Agreement or the application thereof, and therefore the Developer hereby waives any and all claims for damages against the City and its officers, agents and employees for breach of this Agreement. This waiver of damages by Developer shall not preclude any action by Developer to specifically enforce the obligations of the City hereunder to review and approve for acceptance and acquisition the Acquisition Improvements constructed by Developer in accordance with the terms hereof and to process applications for payment with the CFD Administrator for payment to Developer from the Acquisition and Construction Fund of the approved Acquisition Price for each of the Acquisition Improvements completed by Developer.

The parties further acknowledge that damages are not a remedy under this Agreement, and thus, while in general each of the parties hereto may pursue any remedy at law or equity available for the breach of any provision of this Agreement, the City shall not be liable in damages to the Developer, or to any assignee or transferee of the Developer. The Developer may, without any claim for damages of any kind, in addition to other rights or remedies, institute an action to cure, correct, specifically enforce or remedy any default in the processing of the payments to the Developer specified in this Agreement. Subject to the foregoing, the Developer covenants not to sue for or claim any damages for any alleged breach of, or dispute which arises out of, this Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year written above.
t4 Page 98
06/25/2024 Item No.5.

DEVELOPER
CMB Improvement Company, LLC,
a California limited liability company
By:

Name: William B. Bunce
Its: President
CITY OF FOLSOM, A Municipal Corporation:

Date
ATTEST:

Elaine Anderson, City Manager
FI.]NDING AVAILABLE:

Christa Freemantle, City Clerk Stacey Tamagni, Chief Financial Officer ORIGINAL APPROVED AS TO CONTENT: OzuGINAL APPROVED AS TO FORM:

Pam Johns, Director
Community Development Department
Steven W*g, City Attorney
15 Page 99
06/25/2024 Item No.5.

CERTIF'ICATE OX'ACKNOWLEDGMENT pursuant to Civil Code, Section 1"189' must be provided.

A certificate of acknowledgment in accordance with the provisions of California Civil Code section 1189 must be attached for each person executing this agreement on behalf of Developer This section provides, atpart (b): "Any certificate of acknowledgment taken in another place shall be sufficient in this state if it is taken in accordance with the laws of the place where the acknowledgment is made."
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

COTINTY OF SACRAMENTO
On before fre, , Notary Public,
personally appeared , who proved to me on the basis of satisfactory lvidenceio|"tt'"p"@ubscribedtothewithininstrumentandacknowledged to me that he/she/they executed the same in his/herltheir 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 certifu under PENALTY OF PEzuLIRY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal.

Signature (Seal)
)
)ss
)
t6 Page 100
06/25/2024 Item No.5.

IMPRO * ESTIMATED AMOI-INTS
Roadwav Improvements
(a) Southpointe Drive Phase lE Mangini Parkway
Traffic Signals
- Southpointe Drive / East Bidwell
Internal subdivision streets and related underground utilities:

Bungalows
Other public roadway improvements designed to meet the needs of development within CFD 23.
$1,300,000.00
$600,000.00
$ 800,000.00

2. Water Svstem Improvements
All water facilities designed to meet the needs of development within CFD 23, including:
water storage, treatment and distribution facilities including waterlines and appurtenances, gate valves, pressure reducing stations, flow meters, fire hydrants, and other improvements related thereto such as site clearing, grading and paving; curbs and gutters;
booster pump stations;
stand-by generators;
site lighting, drainage, sanitary sewer, and water service; landscaping and irri gation;
access gates, and fencing; and striping and signage.

N/A

EXHIBIT A TO THE ACQUISITION AGREEMENT

DESCRIPTION OF ACQUISITION IMPROVEMENTS AND ESTIMATED AMOLTNTS A-l Page 101
06/25/2024 Item No.5.

3. Recvcled Water Svstem Improvements
Any and all recycled water system facilities designed to meet the needs of development within CFD 23, including:
(a) treatment and distribution facilities including pipelines and appurtenances, gate valves, flow meters, booster pump
pressurization system, and other improvements related thereto - such as site clearing, grading and paving; curbs and gutters; (b) booster pump stations;
(c) stand-by generators;
(d) site lighting, drainage, sanitary sewer, and water service; (e) landscaping and inigation; and
access gates, and fencing; and striping and signage.

N/A

4. Drainaqe Svstem Improvements
Any and all drainage and storm drain improvements designed to meet the needs of development within CFD 23, including:
(a) excavation and grading, pipelines and appurtenances, outfalls and water qualrty measures, detention/retention basins, drainage pretreatment facilities, drainage ways/channels, pump stations, landscaping and irrigation; and
access roads, gates, and fencing; and striping and signage and other improvements related thereto.

N/A

5. Wastewater System Improvements
Any and all wastewater facilities designed to meet the needs of development within CFD 23, including:
(a) pipelines and all appurtenances thereto;
(b) manholes;
(c) tie-in to existing main line;
(d) force mains;
(e) lift stations;
(f) odor-control facilities; and
(g) permitting related thereto; and related sewer system NiA
A-2 Page 102
06/25/2024 Item No.5.
improvements

6. Park, Parlrway and Open Space Improvements
Any and all improvements to parks, parkways and open space required for development within CFD 23, including:
(a) grading, turf, shrubs and trees, landscaping inigation, site lighting, drainage, sanitary sewer and water service, pedestrian and bicycle trails, protective fencing (including soundwalls), pedestrian/bicycle bridges, storm drain cro ssings, wetland mitigation, hawk mitigation for authorized facilities herein, access gates and fencing and related open space improvements; and
(b) acquisition of any and all parkland as well as open space/bike traiVpublic access easements required for development within CFD 23.

N/A

7. Specific Plan Infrastructure Fee Infrastructure
Any and all improvements that are included in the Specific Plan Infrastructure Fee Program adopted by the City Council on September 8,2015, including any future amendments thereto.

By way of example, Developer may include fee advances for Set Aside Fees, Roadways or Water System Improvements.

N/A
* Q,{OTE: For this Agreement, Acquisition Improvements Limited to Authorized Facilities described in Resolution of Formationfor CFD 23, and Components thereof A-3 Page 103
06/25/2024 Item No.5.

EXHIBIT B TO THE ACQUISITION AGREEMENT

DESCRIPTION OF ELIGIBLE PORTIONS
oF ACQUISTTION IMPROVEMENTS,

INCLUDING RELATED DESIGN COSTS
[Intentionally Omitted]
B-1 Page 104
06/25/2024 Item No.5.

EXHIBIT C TO THE ACQUISITION AGREEMENT

DISBURSEMENT REQUEST FORM
(Acquisition Improvement or Eligible Portion)
To: Folsom Ranch Financing Authority CFD Administrator (Community Facilities District No. 23) Improvement Area No. 6
Attention:

E-mail:

Phone:

Re Community Facilities District No. 23, Improvement Area No. 6 Disbursement
The undersigned, a duly authorized officer of the Developer, hereby requests a withdrawal from the City of Folsom Community Facilities District No. 23 Improvement Area No. 6 Acquisition and Construction Fund, as follows:

Request Date: flnsert Date of Request]
Withdrawal Amount: [Insert Acquisition Price/Installment Payment] Acquisition Improvements: [Insert Description of Acquisition Improvement(s)/Eligible Portion(s) from Exhibit Al
Payment Instructions: flnsert Wire Instructions or Payment Address for Construction Lender, or Developer or other Developer
designee provided by the Developer after termination of direct payments to Construction Lender per Section2.O7l The undersigned hereby certifies as follows:

The Withdrawal is being made in accordance with a permitted use of the monies pursuant to the Acquisition Agreement and the Withdrawal is not being made for the purpose of reinvestment.

None of the items for which payment is requested have been reimbursed previously from the Acquisition and Construction Fund.

If the Withdrawal Amount is greater than the funds held in the Acquisition and Construction Fund, the CFD Administrator is authorizedto pay the amount of such funds (excluding any amounts being retained therein as directed by the City in lieu of Performance and Payment Bonds andlor for punch list work) and to pay remaining amount(s) as funds are subsequently deposited in andlor become available for payment from the Acquisition and Construction Fund, should that occur.

Developer:
[Name of Developer]
Authorized Representative
Approved By:

City of Folsom
City Engineer
c-1 Page 105
06/25/2024 Item No.5.

EXHIBIT D TO THE ACQUISITION AGREEMENT

INSURANCE REQUIREMENTS
NOTE: The word "Consultant" in this Exhibit refers to either'oConsultant", "Developer" or "Contractor" as the term is used in the Agreement/Contract to which this Exhibit is attached.

A. During the term of this Agreement, Consultant shall maintain in full force and effect at all times during the term of the contract, at its sole cost and expense, policies of insurance as set forth herein:

1. General Liability:
a. General liability insurance including, but not limited to, protection for claims of bodily injury and property damage liability, personal and advertising injury liability and product and completed operations liability. b. Coverage shall be at least as broad as lnsurance Services Office Commercial General Liability coverage form CG 0001 (occunence).
c. Claims-made coverage is not acceptable.
d. The limits of liability shall not be less than:

Each occurrence: One Million Dollars ($1,000,000)
Products & Completed Operations: One Million Dollars ($1,000,000) Personal & Advertising Injury: One Million Dollars ($1,000,000) e. If a general aggregate limit of liability is used, the minimum general aggregate shall be twice the 'each occtlffence' limit or the policy shall contain an endorsement stating that the general aggregate limit shall apply separately to the project that is the subject ofthe contract.
f. If a products and completed operations aggregate limit of liability is used, the minimum products and completed operation aggregate shall be twice the 'each occuffence' limit or the policy shall contain an endorsement stating that the products and completed operations aggregate limit shall apply separately to the project which is the subject of the contract.
g. If the Consultant maintains higher limits than the minimums shown above, the City requires and shall be entitled to coverage for the higher limits maintained by the Consultant. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to fhe City.

2. AutomobileLiability:
a. Automobile liability insurance providing protection against claims of bodily injury and property damage arising out of ownership, operation, maintenance, or use of owned, hired, and non-owned automobiles.
b. Coverage shall be at least as broad as lnsurance Services Office Automobile Liability coverage form CA 0001, symbol 1 (atty auto).

D-1 Page 106
06/25/2024 Item No.5.
c. The limits of liability per accident shall not be less than:

Combined Single Limit One Million Dollars ($1,000,000)
d. If Automobile Liability coverage, as required above, is provided by the Commercial General Liability form, the General Liability policy shall include an endorsement providing automobile liability as required above.

3. Workers' Compensation
a. Workers' Compensation Insurance, with coverage as required by the State of Califomia (unless the Consultant is a qualified self-insurer with the State of C alifornia), and Employer' s Liability coverage.
b. Employer's Liability Coverage with a limit not less than $1,000,000 per accident for bodily injury and disease.
c. Consultant shall sign and file with the City department responsible for this Agreement/Contract the Worker's Compensation Certificate contained in the Project Manual.

4. Insurance Required in the Supplementary Conditions: Consultant shall be required to comply with all conditions as stipulated in the Standard Construction Specifications, any supplementary conditions and any special provisions as applicable.

5. Professional Liability Insurance: If required, errors and omissions, malpractice or professional liability insurance with coverage of not less than $1,000,000 per occuffence.

6. Other lnsurance Provisions:
a. The Consultant's General Liability and Automobile Liability policies shall contain, or be endorsed to contain, the following provisions:
i. The City, its officials, employees, agsnts and volunteers shall be covered and specifically named as additional insureds on a separate endorsement as respects liability arising out of activities performed by or on behalf of the Consultant, products and completed operations of the Consultant, premises owned, occupied, or used by the Consultant, or automobiles owned, leased, hired, or borrowed by the Consultant in a form acceptable to the City Attorney.
ii. The Endorsement requirement may be satisfied with express provisions in the insurance policy(ies) which identifies any person or entity required to be included as an insured under the policy. A copy of the declarations page identifying the policy number, and pertinent provisions in the policy providing additional insured coverage shall be provided to the City. iii. The policy shall contain no special limitations on the scope of coverage afforded to the City, its officials, employees, agents or volunteers. b. For any claims related to the project, the Consultant's General Liability and Automobile insurance coverage shall be primary insurance in their coverage of the City and its officers, officials, employees, agents, or volunteers, and any insurance or self-insurance maintained by the City, its officers, officials, employees, agents or volunteers shall be excess of the Consultant's insurance and shall not contribute with it.

D-2 Page 107
06/25/2024 Item No.5.
c. Any failure to comply with reporting or other provisions of the policies on the part of the Consultant, including breaches of warranties, shall not affect coverage provided to the City, its officers, officials, employees, agents or volunteers.
d. The Consultant's Workers Compensation and Employer's Liability policies shall contain an endorsement that waives any rights of subrogation against the City, its officers, officials, employees, agents, and volunteers. e. Each insurance policy shall state that coverage shall not be suspended, voided, canceled by either party, reduced in coverage or in limits, non-renewed, or materially changed except after 30 days prior written notice by certified mail has been given to the City. Ten days prior written notice by certified mail shall be given to the City in the event of cancellation due to nonpayment of premium.

7. Acceptability of Insurers: lnsurance is to be placed with insurers with a Bests' rating of no less than A:VII.

8. The Consultant shall furnish the City with Certificates of Insurance and endorsements or insurance binders, signed by a person authorized by the insurer to bind coverage on its behalf, evidencing the coverage required by this section, the Standard Specifications, Special Provisions andlor any Supplementary Conditions.

The Consultant shall furnish comnlete. certified conies of all required insurance nolicies. includins oriqinal endorsements snecifically reouired hereunder if requested.

9. The Consultant shall report, by telephone to the Project Manager within 24 hours, and also report in writing to the City within 48 hours, after Consultant or any Subcontractors or agents have knowledge of, any accident or occtrrrence involving death of or serious injury to any person or persons, or damage in excess of Ten Thousand Dollars ($10,000) to property of the City or others, arising out of any work done by or on behalf of the Consultant as part of the contract.

10. Such report shall contain:
a. the date and time of the occunence,
b. the names and addresses of all persons involved, and c. a description of the accident or occulrence and the nature and extent of the injury or damage.

11. The City, at its discretion, may increase the amounts and types of insurance coverage required hereunder at any time during the term of the contract by giving 30 days written notice.

12. lf the Consultant fails to procure or maintain insurance as required by this section, the Standard Specifications, and any Supplementary Conditions, or fails to fumish the City with proof of such insurance, the City, at its discretion, may procure any or all such insurance. Premiums for such insurance procured by the City shall be deducted and retained from any sums due the Consultant under the contract.

13. Failure of the City to obtain such insurance shall in no way relieve the Consultant from any of its responsibilities under the contract.

D-3 Page 108
06/25/2024 Item No.5.

14. The making of progress payments to the Consultant shall not be construed as relieving the Consultant or its Subcontractors of responsibility for loss or direct physical loss, damage, or destruction occurring prior to final acceptance by the City.

15. The failure of the City to enforce in a timely manner any of the provisions of this section shall not act as a waiver to enforcement of any of these provisions at arry time during the term of the contract.

16. In the event Consultant carries Excess Liability Coverage, the Excess Liability Coverage shall apply to any and all claims related to the project on a primary and non-contributory basis, and the City's insurance or self-insurance coverage shall be excess to the Consultant's Excess Liability Coverage.

D-4 Page 109
06/25/2024 Item No.5.

This page is intentionally Ieft blank
to facilitate double - side d printtng
qnd minimize poper ttse.

CITY OF

DISTINCTIVE BY NATURE
FOLSOl\{

Page 110 ends

06/25/2024 Item No.5.

Folsom City Council
Staff ort
MEETING DATE: 612512024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 11223 - A Resolution Authorizing the City Manager to Authorize an Amendment to the Existing LEED
Mechanical Agreement and Appropriation of Funds in the Form of a Five-year Loan with 4% Simple Interest from the Equipment Replacement Fund (Fund 602) to the General Fund (Fund 010) for an amount up to $1,200,000 for the Replacement Folsom
Community Center HVAC System
F'ROM: Parks and Reueation Department

RECOMMENDATION / COUNCIL ACTION
Staff recommends the City Council approve Resolution No. I 1223 - A Resolution Authorizing the City Manager to Authorize an Amendment to the Existing LEED Mechanical Agreement and Appropriation of Funds in the Form of a Five-year Loan with 4o/o Simple Interest from the Equipment Replacement Fund (Fund 602)to the General Fund (Fund 010) for an amount up to $1,200,000 for the Replacement Folsom Community Center HVAC System.

BACKGROUND / ISSUE
For several years funding has been requested for replacement and renovations of infrastructure including HVAC systems at over 20 facilities, most of which are past their useful life. The existing HVAC system at the Folsom Community Center is failing and has greatly exceeded its useful life, making repairs no longer feasible. Given the Community Center's heavy utilization for rentals, special events, and youth programs, addressing these HVAC concerns is imperative.

The existing HVAC system consists of six Roof-Top-Units (RTUs), of which two have been out of use for a decade. Recently another RTU has stopped operating, and repair costs are not worth the expense. Another RTU has a failed compressor and is operating at less than 50Yo efficiency.

Staff assessed the condition of the remaining functional units, and recommends the immediate removal and replacement of all six RTUs. This is based on the overall condition and age of the units (over 30 years), and recent experience with the HVAC system at City Hall. The 1

Page 111 ends

06/25/2024 Item No.6.

Community Center is a revenue-generating asset, and a central gathering space for the community, and requires a safe and reliable HVAC system to remain operational.

The Folsom Community Center opened in 1992, and all major components are original to the building and have had an operational life of 32 years. The American Society of Heating, Refrigeration, and Air-Conditioning Engineers (ASHRAE) gives an equipment life expectancy (useful life) of 15 years for RTUs.

POLICY / RULE
Section 2.36.080 of the Folsom Municipal Code states,inpart, that contracts for supplies, equipment, services, and construction with an estimated value of 573,209 or greater shall be awarded by the City Council.

In accordance with Chapter 2.36.150 of the Folsom Municipal Code, Notwithstanding any other provisions of this chapter, the city manager shall make, or authorize others to make, emergency procurement of supplies, equipment, services, or construction items when there exists a threat to public health, welfare, or safety; provided, that such emergency procurement shall be made with sufficient competition as is practicable under the circumstances. The requesting department shall complete a waiver of bid format and submit it to the purchasing agent for frling with the city clerk. (Ord. 723 $ 3 (part), 1991)

ANALYSIS
Based on our recent experience with the City Hall HVAC Replacement Project, staff estimates that the cost to replace the Community Center RTUs will be $1,200,000, unlike the City Hall project which costs approximately $2,100,000. The Community Center project does not require boilers or high-end control systems, reducing costs and simplifuing the scope of work.

The Community Center is a high-use facility that is available for rent for various business, community, family, and special events that celebrate significant milestones. These include weddings, baptisms, quinceaneras, celebrations of life, youth classes, family reunions, community organization fundraising events, and local and regional events. Most events are scheduled and paid for 12 months in advance. Without a reliable HVAC system, 181 reservations between now and November I, will be impacted, affecting thousands of families and community users. In looking at revenue collected between now and the next six to seven months this could be a loss of revenue of approximately $120,000. This could harm the Community Center's reputation and impact future reservations and trust with the community.

In May 2024, the City Council approved Resolution No. 11195, allowing the City to accept American Rescue Plan Act (ARPA) funds from Sacramento County for the HVAC Replacement and Upgrade Project at the Folsom Community Center. Given the extensive deferred maintenance and needs of the city, staff recommended to the City Council to fund one of many HVAC replacement projects through this mechanism. The award of the ARPA funds from Sacramento County is not a guarantee, but we are following Federal procurement guidelines in the instance that the funds are awarded and can be used to reimburse the City for this HVAC 2 Page 112
06/25/2024 Item No.6.

Replacement and Upgrade Project. Federal procurement guidelines in title 2, Code of Federal Regulations, sections 200.317 through 200.327, do allow for non-competitive, emergency purchases.

The failure of the HVAC falls under the Authority of the city manager to execute a contract agreement and amendment with an existing vendor for the replacement of the HVAC as an emergency procurement. This emergency would decrease the project time by up to three months and reduce the impact to the community and loss of revenue. Cunently, the City of Folsom is under contract for the replacement of the HVAC and Boiler system at City Hall. Falling under the emergency procurement would allow the City to engage in a contract immediately with our LEED Mechanical for the purchase and replacement of the HVAC units for the amount of up to $1.2M.

FINANCIAL IMPACT
Using figures from the recent replacement of the HVAC system at City Hall, staff estimates that the cost for replacement and installation of the HVAC system at the Community Center not to exceed $1,200,000. An appropriation of $1,200,000 is required to complete the project. Staff recommends this be in the form of a five-year loan not to exceed $1,200,000 with 4o/o simple interest from the Equipment Replacement Fund (Fund 602)to the General Fund (Fund 010). The Equipment Replacement Fund has sufficient reserve funds available to provide for the loan.

Annual loan repayments from the General Fund (Fund 010) to the Equipment Replacement Fund (Fund 602) will not exceed $269,553 annually for five years beginning in FY 2025-26.

ENVIRONMENTAL REVIEW
This project is exempt from environmental review under the California Environmental Quality Act (CEQA) per Article 19, 15300.1 - Relation to Ministerial Projects.

ATTACHMENTS

1. Resolution No. 1 1223 - A Resolution Authorizingthe City Manager to Authorize an Amendment to the Existing LEED Mechanical Agreement and Appropriation of Funds in the Form of a Five-year Loan with4Yo Simple Interest from the Equipment Replacement Fund (Fund 602) to the General Fund (Fund 010) for an amount up to $1,200,000 for the Replacement Folsom Community Center HVAC
Submitted,
aJ
Kelly Gonzalez, Parks & Recreation Director

Page 113 ends

06/25/2024 Item No.6.

RESOLUTION NO. II223

A RESOLUTION AUTHORIZING THE CITY MANAGER TO AUTHORIZE AN

AMENDMENT TO THE EXISTING LEED MECHANICAL AGREEMENT AND APPROPRIATION OF FUNDS IN THE FORM OF A FIVE.YEAR LOAN WITH 4% SIMPLE INTEREST FROM THE EQUIPMEI{T REPLACEMENT FUND (TUND 602) TO THE GENERAL FUND GUND 010) FOR AN AMOUNT UP TO $1,200,000 FOR

THE REPLACEMENT FOLSOM COMMUNITY CENTER HVAC SYSTEM
WHEREAS, the HVAC system is critical infrastructure for the operation of the Folsom Community Center; and
WHEREAS, the Parks & Recreation Department staff has validated the need to replace the existing Community Center HVAC system due to component failures and the system is beyond its useful life; and
WHEREAS, LEED Mechanical is currently under contract for the replacement of the City Hall boilers and HVAC system; and
WHEREAS, the existing agreement with LEED Mechanical allows for an amendment to add the Community Center HVAC system replacemdnt; and
WHEREAS, there will be a significant impact to the community and loss of revenue if the HVAC is not upgraded; and
WHEREAS' staff is requestingthat funding for the project be in the form of a five-year interfund loan with 4% simple interest from the Equipment Replacement Fund (Fund 602) to the General Fund (Fund 010); and
WHEREAS, the agreement will be in a form acceptable to the City Attorney:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom authorizes the City Manager to execute an amendment to the existing LEED Mechanical Agreement for the replacement Folsom Community Center HVAC System.

NOW, THEREFORE BE IT FURTHER RESOLVED that the Finance Director is authorized to make an appropriation in the form of a five-year loan with 4% simple interest from the Equipment Replacement Fund (Fund 602) to the General Fund (Fund 010) in an amount not to exceed $1,200,000.

NOW, THEREFORE BE IT FURTHER RESOLVED that the Finance Director is authorized to make an appropriation not to exceed $1,200,000 in the General Fund (Fund 010) for the additional project costs.

Resolution No. I1223
Page I of2 Page 114
06/25/2024 Item No.6.

AYES:

NOES:

ABSENT:

ABSTAIN:

PASSED AND ADOPTED this 25th day of June,2024, by the following roll-call vote Councilmember(s):

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. 11223
Page2 of2

Page 115 ends

06/25/2024 Item No.6.

This page is intentionqllA left blqnk
to focilitqte double - side d printing
and minimize poper use.

CITY OF

DISTINCTIVE EY NATURE
FOLSOi\{

Page 116 ends

06/25/2024 Item No.6.

Folsom City Council
Staff Re rt

RECOMMENDATION / CITY COUNCIL ACTION
Staff recommends that the City Council pass and adopt Resolution No. 1 I2l0 - A Resolution Adopting the Fiscal Year 2024-25 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority.

BACKG / ISSUE
In February of 2024, discussions were held with the City Council to provide information regarding the five-year financial forecast and the challenges in future years. Direction provided by the City Council at these meetings provided the framework for staff to begin the preparation of the FY 2024-25 Budget. The City Manager's Fiscal Year 2024-25 Proposed Operating Budget and Capital Improvement Plan (CIP) was presented to the City Council on May 28, 2024, during which time staff reviewed the different components of the proposed budget, highlighted the various CIP projects proposed and answered questions asked by Council Members. A Public Hearing was held at the June 11,2024 City Council meeting where the Council received public comments, and presentations from ths City Manager and City Staff regarding their questions concerning the proposed FY 2024-25 Budget. The City Council chose not to adopt the budget at the June II,2024 City Council meeting and continued the item to the June25,2024 City Council meeting.
1 MEETING DATE: 612s12024
AGENDA SECTION: Old Business
SUBJECT: ResolutionNo. 1I2I0- A Resolution Adopting the Fiscal Year 2024-25 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority (Continued from June 11,2024)
FROM: Finance Department

Page 117 ends

06/25/2024 Item No.7.

POLICY / RULE
Folsom Municipal Code. Section 3.02.030" Budget
"An Annual Budget shall be prepared by the City Manager, with the assistance of the Finance Director. . . . (G) The City Council shall adopt the annual budget by Resolution by fund and program by affirmative vote of at least three members, on or before the last working day of the last month of the current fiscal year. If the City Council fails to adopt the budget by the last working day of the current fiscal year, the budget as presented by the City Manager shall be deemed adopted."

ANALYSIS
The FY 2024-25 Operating Budget as presented totaled $247,216,308. Below is a breakdown by Fund category
Fund Category FV 2024-25 Prcnosed Amounts
GeneralFund
Enterprise Funds
SpecialRevenue Funds
Debt Service Funds
CapitalProjects Funds
Intemal Service Funds
Fiduciary Fturds
Total
$ 117,069,047
54,116,756
936,049
683,847
114,733
23,924,21r
21,371,665
$ 247,216,308
The FY 2024-25 Operating Budget and CIP also includes 503.5 fulI and permanent part time positions across all funds. This proposed budget provides for 13 new positions (10 of them funded in the budget). The added positions are listed below along with the department.

Department Position
Environmental and Water Resowces
Environmental and Water Resotnces
Fire Departnrent
Parks and Recreation
Parks and Recreation
Police Department
Police Departnrent
Police Deparfnert
Public Works
Wastewater Collection Technician III
Utility Maint Wastewater Collection Tech III
Division Chief
Park Planner II
Maintenance Worker
Sergeant
Corporal
Offcers (4)
Maintenance Worker (2)
2 Page 118
06/25/2024 Item No.7.

The proposed Operating and CIP Budgets are available on the City's web site at :llvwrw

ATTACHMENTS

1. Resolution No. I 1210 - A Resolution Adopting the Fiscal Year 2024-25 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority

2. Summary of Revenues, pages II-26 through II-31

3. Summary of Appropriations, pages II-34 through II-39

4. Summary of Staffing,pageII-42
Submitted,
Stacey Tamagni, Finance Director
3 Page 119
06/25/2024 Item No.7.

ATTACHMENT 1
Resolution No. lI2l0 - A Resolution Adopting the Fiscal Year 2024-25 Operating and Capital Budgets for the City of Folsom, the Successor Agency, the Folsom Public Financing Authority, and the Folsom Ranch Public Financing Authority

Page 120 ends

06/25/2024 Item No.7.

RESOLUTION NO. II2IO
A RESOLUTION ADOPTING THE FISCAL YEAR 2024.25 OPERATING AND

CAPITAL BUDGETS FOR THE CITY OF FOLSOM, TIIE SUCCESSOR AGENCY,

THE FOLSOM PUBLIC FINANCING AUTHORITY, AND THE F'OLSOM RANCH

FINANCING AUTHORITY
WHEREAS, section 3.02.030 of the Folsom Municipal Code states 'oAn Annual Budget shall be prepared by the City Manager, with the assistance of the Finance Director .. .."; and WHEREAS, onthe 2Sthday of May 2024,the City Managerpresentedto the City Council the FY 2024-25 Proposed Operating Budget and Capital Improvement Plan; and WHEREAS, on the 1 lthday of June 2024, a Public Hearing was held and the City Council received public comments and presentations from the City Manager and City Staff regarding their questions concerning the FY 2024-25 Proposed Operating Budget and Capital Improvement Plan; and
WHEREAS, the Proposed Budget includes the budget recommendations of each office and department of the City, including the FY 2024-25 Proposed Budget for the Successor Agency, the Folsom Public Financing Authority and the Folsom Ranch Financing Authority as well as the FY 2024-25 Capital Improvement Plan; and
WHEREAS, the Proposed Operating Budget and Capital Improvement Plan (CIP) is on file and available for inspection on the City website; and WHEREAS, the City Council reviewed the Proposed Operating Budget, CIP, and all components thereof on May 28,2024, June 11,2024, and June 25,2024; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Folsom that the swnmary of revenues, swnmary of appropriations by fund and summary of staffing positions as attached to this resolution, are hereby appropriated to the departments' offices and operations in the amounts and for the objects and purposes therein stated.

PASSED AND ADOPTED this 25th day of June 2024, by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. 11210

Page 1 ends

Michael D. Kozlowski, MAYOR

Page 121 ends

06/25/2024 Item No.7.

ATTACHMENT 2
Summary of Revenues, pages II-26 through II-31

Page 122 ends

06/25/2024 Item No.7.

City of Folsom FY 2024-25 Budget
C*neral Fund
Cbmrunity Developrcnt Block Ctant
Transportation System Managenrnt
FolsomArts & CUture Conxnission
Housing Trust
Humbug Willow Creek
CrneralPlan
Tree Planting & Replacement
Comrunity Affordable Housing
ParkDedication
Planning Services
lncal Transportation Tax
Historical District
&s Tax- Road Maint & Repair
Css Tax2106
&s Tax2107
Cas Tax2107.5
Cas Tax2105
Measure A
Traffic Cbngestion Relief
hs &nos L&L
Briggs Ranch L& L
NatornaStationL&L
FolsomHeights L&L
Broadstono Unit 3 L& L
Broadstone L& L
Ilannaford Ooss L& L
lake Natorna Shores L& L
Cobble I{ills/Reflections L & L
Prairie 0ala Ranch L& L#2
SienaEstates L&L
NatomaValley L&L
Cobble Ridge L& L
Prairie Oaks Ranch L & L
SilverbrookL& L
WiliowCreekEast L& L
Blue Ravine Oak L& L
Steeplechase L& L
Willow Creek South L & L
Arprican River Canyon North L & L
WillowSpdngs L&L
Willow Springs CFD I I Mtn. Dist.

CFD #12 Mtn. Dist.

CTD#13 ARCMtn. Dist.

ARCNorthL&LDist.#2
The Residences at ARC North L & L
FolsomPlan Area-Sphere of Ilfluence
Oala at Willow Springs
ARCNorth L&LDist. #3
$ 220,0m
82,000
2,214,3ffi
357,3r9
735,gqJ
814086
539,6M
3,194,086
tt-26

Page 123 ends

06/25/2024 Item No.7.

Summary of Revenues by Fund.

Charges
for Sen{ces
tr'lnes & hterest
Forfeitures Rertnue Msc
Transfers (he of
trhndBalance Total
$ 13,994978 $ 109,200 $ 300,000 $ 716,807
$ 13894878 $ 109,200 $ 300,000 $ 716,807
$ 6,107,i55
$ 6,107,155
$l $ 117,069,047
$ 1,737,599 $ 117,069,047
C;eneral
Ceneral Fund
Suhotrl General
35,000
50,000
50,000
100,000
100,000
300,0m
400,000
400,000
5,000
41,2N
80,800
174,000
21,831
34488
3n,258
21,2N
n,745
44,100
10,745
70,000
13,669
197,500
15y'85
60,400
36,5m
25,zffi
160,497
105,5m
14,4s8
1 15,900
601,303
t\9,067
12,100
35,500
251,000
1,000
6000
e500
12,000
10,000
35,000
300,000
50,000
1a000
7,500
25,000
30,000
40,000
35,000
40,000
125,000
1 ?10
968
498
2,U0
1,988
o,ols
40 6,il1
2,727
1,807
3,148
985
I 1,251
15 n8
5,696
29,521
353
4,071
920
4 000
1,000
24,n5
1,000
20,000
(r,om)
(s,7s7)
36,500
93,738
Qe,7n)
(13,370)
108,979
7,363
(43,864)
(53,e73)
(49,500)
3,027
(1,239,3ffi)
Q12,319)
(375,990)
(62,086)
(2e,6U)
615,986)
n2s7
26,933
74,032
(6,468)
(6,151)
(\71,732)
8,206
5,100
I 1,387
107,288
2,088
Q2,8s8)
€,3m)
(o,836)
(6,750)
(36,3t2)
(2s,206)
1,292
5,34',1
(28,201)
(4,127)
12,789
(48,938)
46,3%
(10,4s7)
(9,298)
(4,000)
0,000)
(t87,4W)
220,000
35,243
40,000
155,738
20,278
96,630
243,979
627,363
406,136
358,027
40,000
8,027
1,000,000
175,000
400,000
225,000
550,000
2,803,100
55,196
107,733
248,032
16,331
28,835
223,366
29,406
27,833
55,487
I 13,303
13,273
53,689
13,006
134,664
10,542
24,088
14,442
27,477
177,095
77,314
10,559
134,385
581,886
165,813
5,714
27,122
$$ $ $
Special Rennue triu&
ftnrnunity Developnrnt Block Crant
Transportation System Management
FolsomArls & Chlture Connnission
Housing Trust
Humbug Willow Creek
Crneral Plan
Tree Planting & Replacement
Conrnunity Affordable Hous ing
Park Dedication
Planning Services
local Transportation Tax
Historical District
Cas Tax- Road Marnt & Repau
Cas Tax2106
Cas Tax2107
Cas Tax2107.5
Cas Tax2105
Measure A
Traffic Congestion Relief
lnsCbnosL&L
Briggs Ranch L& L
Natona Station L&L
FolsomHeights L&L
Broadstone Unit 3 L& L
Broadstone L & L
Hannaford Cross L&L
Iake Natoru Shotes L & L
Cobble Hills,&efl ections L & L
PrairieOahRanchL&L#2
SienaBtatesL&L
NatormValleyL&L
CobbleRidgeL&L
Prairie Oaks Ranch L & L
Silverbtook L & L
Wrllow CreekEast L& L
Blue Ravine 0ala L& L
Steeplechase L& L
Willow Creek South L & L
Anrrican River Canyon North L & L
WillowSpdngs L&L
Willow Springs CFD ll Mtn. Dist,
CFD #12 Mtn. Dist.

CFD#13 ARCMtn. Dist.

ARCNofih L& LDist. #2
The Residences at ARC Noth L& L
Folsom Plan Area-Sphere of Influence
Oaks at Willow Spnngs
ARCNofih L& LDist. #3
It-27
87,726

Page 124 ends

06/25/2024 Item No.7.

Cityof Folsom FY2024-25 Budga
Bhre Ravine 0ala No, 2 L & t
FolsomHeights #2L&L
Bnadstone#4
CFD #16 The Islands
Willow Creqk Btate Fast L & L Dist
Prospect Ridge L&LDist
CFD #18 Maint Dirst
CFD#19MaintDist
CFD#23 Al MaintDist
CFD#23 A2 MaintDist
CFD#23 A3 Maint Dist
CD#2344MaintDist
Police $ecialRevenue
Zoo SpecialRevenue
Wetland
CCF Debt Seryice
G0 SchoolFacilities Bonds DS
FohomSouth AD Refunding
1982-lNir$us AD
Traffic SignalRefunding
Recreation Facility COP DS
FolsonPublic Financing Authority
FolsomRanch
Supplenrntal Pa*Fee
Parkhprovenrcnt
Johnny Cash Trail Art
Police &pital
Central Folsom Area Capital Bojects
Fire Capital
CrneralCapital
Transportation Irprovenent
Dminage Capital
light Rail Transportation
Crneral Park fr uip ment &pital
Waterlupact
Lbrary Developrnent
FolsomPlan Area Infrashuctun
FobomPlan Area Transit Capital
FolsomPlan Area Corp Yatd Capital
FolsonPlan Area Hway 50lrp
FolsonPJan Area Hwy 50Intch.

FolsomPlal Ana Gpital
Major Cbpital and Renovation
Prairie Oak 1915 AD
CFD #10 Russell Ranch
II.28

Page 125 ends

06/25/2024 Item No.7.

Summary of Revenues by Fund
Charges
for Serrices
21,0m
&,243
97,581
r80,000
79,704
44,444
2,269,w
166,093
140132
39,501
1f/,769
131,387
15,000
npN
Flnes &
Forfeitures
Interest
Rertnue
Transfers
In
Beof
t\ndBalance
$ 7'5soJ84 $ $ 959,484
Msc
2,470
Q1,746)
n0,851
(10sfi1)
6,04t
(20,334)
(t,2t8,325)
(tzl,9v)
(81,457)
Q7,2st)
048,641)
(70,012)
ro,ooo . ,?1,3il,
40,386
$ 3l,00000 $ - $(4,762J441
Blue Ravine Oaks No. 2 L & I
FolsomHeights #2L&L
Broadstone #4
CFD #16 The Islands
Willow CreekEstate East L& LDist
Prospect Ridge L& LDist
CFD #18 Maint dist
CFD #19 Maint dist
CFD #23 A1 Maint Dist
CFD #23 A2 Maint Dist
C.FD#23 A3 Maint Drst
CFD #23 A4 Maint Dist
Police SpecialRevenue
Zoo Special Revenue
Wetland 0pen Space Maintenance
Subtotal Spcial Rercnue Rrnth
6,284
6,174
14,062
1,585
740
42,519
u,n6
4,997
4,02s
10,000
2,000
10,000
29,754
48,671
36843?,
88,591
76,244
24,850
1,093,378
58,365
63,862
n,25n
20,153
61,375
50,900
20,000
50,386
$ 11J36,049
$ $ 25,000 $ $ $ 66107 $ 11.683.847
Deh Serrice trhnft
CCF Debt Service
G0 SchoolFacilities Bonds DS
Folsom South AD Refunding
1982-l Nimbus AD
Traffic SignalRefunding
Recreation Facility COP DS
Folsom Public Financing Authority
FolsomRanch Financing Authority
Suhotal DehSerdce trhilt
5,000
20,000 p0,000)
(5,0m)
91,2M3,983,195
7,609,445
$ 11,592,640
4,074,402
7 ,609,445
1,000,000
200,000
5,000
1s0,000
3,000
45,000
500
5,000
55,m0
100,000
30,000
30,000
10,000
80,000
500
150,000
60,000
r30,000
300,000
800,000
2,000
13,000
50,000
(5,000)
735288
1,000
Q43,837)
Q74)
(255,000)
(443,591)
(7le,16e)
125,559
(136,563)
(9,463)
r79,802
600)
0,296,031)
(683,540)
(1,126,10t
Q,4n,193)
(10,M7,519)
48,000
I,E85,288
10,000
I,163
126
11,409
2,197,069
612,513
116,78l
100,537
459,802
6,000
Capital Project Fbnft
Supplenrntal Park Fee
Park Inrprovement
Iohnny Cash Trail Att
Police Capital
Central Folsom Area Capital Projects
Fire Capital
Crneral Capital
Transportation Inplovement
Drainage Capital
Light Rail Transportation
&neral Park fruipnrent Capital
Water hrPact
Library Development
FolsomPlan Area Ilfi?structule
FolsomPlan Area Transit Capital
FolsomPlan Area Corp Yard Capital
FolsornPlan Area Hwy 50lnp
FolsomPlan Area Hwy 50lntch
Folsom Plan Area Capital
Major Capital and Renovation
Prairie Oak l9l5 AD
CFD #l0RussellRanch
CFD #14 Parhvay II
Suhotal Calihl Project Fim&
250,000
400,000
2,816,238
456,954
u,3M
100,0m
200,0m
1,200,000
675,0m
1,100,0m
2,300,000
I 1,000,000
53,969
51,460
103,895
107,807
1,352,481
50,000
(12,s67) 433
(50.000)
+-
$ 2,019,000 $ 6,000 $ - $06,831,803)$ 21821,536 $
tt-29
$ 7,114,733

Page 126 ends

06/25/2024 Item No.7.

City ofFolsom FY 2024-25 Budget
i iiiri|j i i llii irrrjiitri,rl ilr riti,, ti
Water
WaterCapital
WaterMeten
Wastewater
lVastewaterCapital
CriticalAugnrntation
CrneralAugnentation
SolidWa$e
Solid Wa$e Capital
IandfillClosute
Solid Waste Plan Area
$
CapitalReplacement
RirskManagenent
kaves
Assessment&CFDAgencyFunds $
Redeveloprrnt Prop TaxTm$
SATrust
$ $ $ $ $ $ 750,000
?l,9,42
$ $ $
3,944,443
$
II.3O

Page 127 ends

06/25/2024 Item No.7.

Summary of Revenues by Fund
Charges
for Serrices
trlnes &
Forfeitures
Intere$
Rennue
Trrnsfers
In
Ihe of
trhndBalanceMsc Totrl
$ 18,911,000 $
250,0m
275,0m
12,116,435
186,920
27,403,000
100,0m
$ 59,662n355
$ 225,ffio
90,000
20,000
130,000
5,000
500
1,500
500,000
7,500
25,000
$
509,000
300,000
60,000
614,906 $
(30,088)
II4,0t7
(2,986,750)
(w,024)
(465)
0,069)
6,76rl85)
(x,9n)
40,000
20,900,906
309,912
409,017
9/59,685
92,896
35 4T
22f'90,fi1
85,578
100,000
hterpriselhnft
Water
\VaterCapital
WaterMeten
Wa$ewatet
WastewaterCapital
CriticalAugrnntation
GneralAugnrntation
SolidWaste
SolidWasteCapital
IandfillClosure
Solid Waste Plan Area Capital
Suhotal hterprise
Internal Serrice thnd
Capital Replacernent
RiskManagement
Conpensated iraves
Q76,841) 168,159
$ $1,004,500$ 509,ooo $ 360,000 $ (8/08,721) $ 54,116J56 50,000 (4,272)
30 000 1,000 0,098)
5,128
23,191,123
727,360
23,163,221
727,3ffi
$ 23,890,581 $ $ 30,000 $ 50,000 $ (47,370) $ 2391,,4?ll SuttotallnteinalSenice triduciary
s 14,291,295 $
-
-
4000
8 141,9t1,95 $ $ 391,500$ $ 9U07$2J51,621 $ 21,371,666
$ 152,904,169 $ 109,200 $ 4J29A84 $ U63,807 $ 6,608,362 $ (25/95/ll) -::::
$ 267,500 $
120,000
91,207 $ 2,980,026 $
_ Q24A0s)
- (4.000)
Assessnrent & CFD Agency Funds
Redevelopment Prop TaxTrust
Redevelopment SA Trust - Housing
Suhohl triduciry thn&
-$ 17,630,028
3,141,639
$ 247116,309 Total
II-31

Page 128 ends

06/25/2024 Item No.7.

ATTACHMENT 3
Summary of Appropriations, pages II-34 through II-39

Page 129 ends

06/25/2024 Item No.7.

City of Folsom FY 2024-25 Budget
Salaries Beneffts
Operations & Capital
Outlays
General F\rnds
CrneralFund
Subtotal General Fbnds
Special Rerrcnue Ftnds
Cornrnunity Developrnent Block Crant
Traffic Sys tem Management
FolsomArts & Culture Connnission
Housing Trust
Humbug Willow Creek
CrneralPlan
Tree Planting & Replacement
Co rnrnun ity Affordab le Ho us in g
Park Dedication
Planning Services
I-ocal Transportation Tax
Historical District
Cas Tax- Road Maint & Repair
Cas Tax2106
Gas Tax2107
Cns Tax2l07.5
Cas Tax2105
Measure A
Traffic Conges tion Relief
I-os Ceros L& L
Briggs Ranch L& L
NatomaStationL&L
FolsomHeights L& L
Broadstone Unit 3 L& L
Broadstone L& L
Hannaford Cross L& L
I-ake Natoma Shores L & L
Cobble Hills/Reflections L& L
Prairie Oals Ranch L & L #2
Sierra Estates L& L
NatomaValley L&L
CobbleRidgeL&L
Prairie Oaks Ranch L & L
SilverbrookL& L
Willow CreekEast L& L
Blue Ravine Oaks L & L
Steeplechase L & L
Willow Creek South L & L
American River Canyon North L & L
Willow Springs L& L
Willow Springs CFD 11 Mtn. Dist.

CFD#12Mtn. Dist.

CFD#13 ARCMtn. Dist.

ARCNorth L&LDist.#2
The Residences at ARC, North L& L
Fols om Plan Area-Sphere of Influence
Oaks at Willow Springs
ARCNorth L& LDist. #3
$ 50,510,363 $ 33,438,674 S 28,78Lq9 $ 599
$ 50,510,363 $ 33438,674 $ 28,785.619 $ 2.682.s99
$ $ $ $220,O00
35,000
40,000
155,000
20,000
96,250
239,750
615,300
400,000
350,000
40,000
8,000
618,100
48,4L2
90,933
208,394
15,990
28,275
163,300
24,277
23,558
44,549
r09,026
11,098
M,347
10,857
72,375
8,371
23,450
13,950
22,126
164,668
74,300
10,300
117,539
505,856
142,745
5,450
21,656
rt-34
&,4t5

Page 130 ends

06/25/2024 Item No.7.

Summary of Appropriations by Fund
Capital
Debt
792 $ 1,100,000
$ 501,792 $ 1,100,000
Tbansfers
Out
$ 50,000
$ 50,000
$ 117,069,047
$ 117,069,047
General Fhnds
Crneral Fund
Suhotal General Fhnft
Special Rerenue
$ 501
$ $ $
1,000,000
350,000
2,18s,000
243
738
278
380
4,229
12,063
6,t36
8,027
27 175,000
400,000
225,000
200,000
6,784
16,800
39,638
341
560
60,066
5,129
4,275
10,938
4,277
2,775
9,342
2,t49
62,289
2,17r
638
492
s,351
12,427
3,0r4
2s9
16,846
76,030
23,068
264
s,466
220,000
35,243
400000
155,738
20,278
96,630
243,979
627,363
406,136
358,027
40,000
8,027
1,000,000
175,000
400,000
225,000
550,000
2,go3,1oo
$ Community Development Block Cnant
Traffic System Management
FolsomArts & Culture Corrrnission
Housing Trust
Humbug Willow Creek
Creneral Plan
Tree Planting & Replacement
Corrrnunity A ffordable Hou s ing
Park Dedication
Planning Services
Iocal Trans portation Tax
Historical District
Cas Tax- Road Maint & Repair
Gas Tax2106
Cns Tax2l07
Gas Tax2107.5
Cas Tax2105
Measure A
Traffic Congestion Relief
los Cerros L& L
BriggsRanchL&L
Natoma Station L& L
FolsomHeights L& L
BroadstoneUnit3L&L
Broadstone L & L
HannafordCross L&L
I-ake Natorrn Shores L & L
Cobble Hills/Reflections L & L
Prairie Oaks Ranch L & L#2
SierraEstates L&L
Natoma Yalley L &L
Cobble Ridge L& L
Prairie Oaks Ranch L & L
Silverbrook L & L
Willow Creek East L & L
Blue Ravine Oaks L & L
Steeplechase L & L
Willow Creek South L & L
American River Canyon North L & L
WillowSprings L&L
Willow Springs CFD 11 Mtn. Dist.

CFD#12 Mtn. Dist.

CFD#13ARCMtn. Dist.

ARCNorth L&LDist.#2
The Residences at ARC, NorthL &L
Fols om Plan Area-Sphere of Influence
Oaks at Willow Springs
ARC North L & LDist. #3
55,196
107,733
248,032
16,331
28,835
223,366
29,406
27,833
55,487
113,303
13,273
53,689
13,006
134,664
10,542
24,088
14,442
27,477
177,095
77,314
10,559
134,385
581,886
165,813
5,714
27,'.122
23,3t1
II-35
87,726

Page 131 ends

06/25/2024 Item No.7.

City of Folsom FY 2024-25 Budget
Salaries Benefits
Operations &
IVlaintenance
Ca$tal
Ouflays
Blue Ravine Oaks L & LDisr. #2
FolsomHeights L & LDist. #2
Broadstone #4
CFD #16 The Islands
Willow CreekEstates East L& LDist
Prospect Ridge L& LDist
CFD #18 Maint Dist
CFD #19 Maint Dist
CND#23 Al Maint Dist
CFD#23 A2 Maint Dist
CFD#23 ,A3 Maint Dist
CFD#23 A'4Maint Dist
Police SpecialRevenue
Zoo Special revenue
Wetland Open Space Maintenance
Suhotal Special Rercnue Funds
Debt Service Fhn*
CCF Debt Service
GO School Facilities Bonds DS
Folsom South AD Refunding
1982-l Nimbus AD
Traffic SignalRefunding
Recreation Facility COP DS
Fols om Public Financing Authority
Fols om Ranch Financing Authority
Suhotal Debt Service F\rnds
Capital Project X\rn&
Supplemental ParkFee
Park Irrprovenent
Johnny Cash TrailArt
Police Capital
Central Fols om Area Cap ital Projects
Fire Capital
General Capital
Trans p ortatio n Irrp rovement
Drainage Capital
Light Rail Transp ortation
General Park Equipment Capital
Water Irrpact
Library Development
Fols om Plan Area Infrastructure
FolsomPlan Area Transit Capital
FolsomPlan Area Corp Yard Capital
FolsomPlan Area Hwy 50 I-rrprovement
FolsomPlan Area Hwy 50 Interchange
FolsomPlan Area Capital
Major Capital and Renovation
Prairie Oak 1915 AD
CFD # 10 Rus s ell Ranch
CFD #14 Parkway tr
S uhotal Caf tal Project Flrnds
23,985
41,352
3sl,90s
72,538
60,431
18,170
999,525
54,537
53,200
12,250
20,000
61,375
50,000
20,000
50,000
$ $ $ 6t96,885 $
$ $$$
$ $ $ $
$ $$ $
126,33s
10,000
10,000
230,000
s5,000
15,000
100,000
155,000
s0,000
50,000
100,000
100,000
140,520
50,000
$
II-36
$ $ 10191,855 $

Page 132 ends

06/25/2024 Item No.7.

Sammary of Appropriations by Fund
Capital T?ansfers
Out
$ 3535,000 $ 1,604,164 $ 11,936,049
$
91,207 4,074,402
7,609,445
Blue Ravine Oaks L & LDist.#2
Fols om Heighrs L & LDtst. #2
Broadstone #4
CFD #16 The Islands
Willow CreekEstates East L& LDist
Prospect Ridge L& LDist
CFD # 18 Maint Dist
CFD# 19MaintDist
CFD#23 Al Maint Dist
CFD#23 A'2Maint Dist
CFD#23 43 Maint Dist
CFD#23 A'4Maint Dist
Police SpecialRevenue
Zoo SpecialRevenue
Wetland Open Space Maintenance
Subtotal Special Rerenue F\rnds
Deh Service
CCF Debt Service
GO School Facilities Bonds DS
Folsom South AD Refunding
1982-l Nimbus AD
Traffic Signal Refunding
Recreation Facility COP DS
Fols om Public Financin g Authority
Fols om Ranch Financin g Authority
Subotal Deh Service Funds
Capital Project F\rn&
Supplemental Park Fee
Park Irrprovement
Johnny Cash Trail Art
Police C-apital
Central Fols om Area Capital Projects
Fire Capital
Creneral Capital
Transportation Inprovement
Drainage Capital
Light Rail Transportation
Creneral Park Equipment Capital
Water Irrpact
Library Developrnent
Fols om Plan Area Infras tructure
FolsomPlan Area Transit Capital
FolsomPlan Area Corp Yard Capital
FolsomPlan Area Hway 50 Inprovement
FolsomPlan Area Hwy 50 lnterchange
Fols om Plan Area Capital
Major Capital and Renovation
Prairie Oak 1915 AD
CFD #10 Russell Ranch
CFD #14 Parkway tr
5,769
7,319
76,527
16,053
15,813
6,680
93,853
3,828
10,662
TotaI
29,754
49,671
3680432
88,591
76,244
24,850
1,093,378
58,365
63,862
12,250
20,153
61,375
500900
20,000
50,386
153
900
386
$
$$$
3,983,L95
7,609.445
$ 11,592,640 $ $ 91,207 $ 11,683,847
$
8,953
$$$
1,7s0,000
1,800,000
555,582
100,000
1,130,000

1.,409
167,069
t,931
1,78L
537
304,802
1,163
126
3,969
1,460
3,995
7,807
81,961
L,885,288
10,000
1,163
126
11,409
2,197,069
612,513
116,781
100,537
459,802
53,969
510460
103,895
107,807
1,352,481
50,000
433 433
$ 7,114,733$ $ 533s582 $ 587
rt-37
S ubtotal Capitat Project

Page 133 ends

06/25/2024 Item No.7.

City ofFolsom FY 2024-25 Badget
Salaries Benefits
Oprations &
l\{aintenance
Capital
OutlaysFun&
hterprise Fun&
Water
Water Capital
WaterMeters
Wastewater
Wastewater Capital
Critical Augmentation
Gneral Augmentation
Solid Waste
Solid Waste Capital
landfill Closure
Solid Waste Plan Area Capital
S uhotal Enterpris e Fun&
Serlice Flrnd
Capital Replacenrnt
RiskManagement
Conpensated lpaves
Suhotal Internal Serdce FInd
Fiduciary Funds
Assessment & CFD Agency Funds
Redevelopment Prop Tax Trus t
Redevelopment SA Trust - Housing
Suhotal FifuciaryFun&
Total ComtfnedBudget
$ 3,982,506 $ 2,786,665
2,308,111 l,7o7,3go
4,905,661 3,715,193
s 7,7n,754 $
300,000
400,000
2,224,923
90,000
865,000
215,000
2,240,00010,034,554
85,000
100,000
165,000
$ 11,196,278 $ 8,209 .248 $ 21,122,131 $ 3,320,000
$ $ $
12,416,699 10,609,111
$
165,3 13
727,360
$ 892.673 $ 12,416,699 $ 10,609,111 $
$ $ $ 3,558,394 $
$ $ $ 3,558,394 $
$ 62,599,314 $ 54,064,621 $ 72,063,995 $
II-38

Page 134 ends

06/25/2024 Item No.7.

Summary of Appropriations by Fund
Capital
Deh Serlice
$ 1,842,428 $ 2,5',75,',781 $
1,986,618
Transfers
Total
1,025,772 $
9,912
9,017
817,743
2,996
35 431
1,994,729
578
3,159
20,900,906
309,912
409,017
9,259,685
92,896
3s
431
22,890,137
85,578
100,000
168,159
Enterprise Funft
Water
Water Capital
Water Meters
Wastewater
Wastewater Capital
CriticalAugmentation
Crneral Augmentation
Solid Waste
Solid Waste Capital
IandfillClosure
Solid Waste Plan Area Capital
Suhotal Enterpise Fhn&
hternal Service
Capital Replacement
RiskManagement
Conpensated l-raves
S ubtotal Internal S erdce
trldrciaryFun&
Assessrnent & CFD Agency Funds
Redevelopment Prop Tax Trust
Redevelopment SA Trust - Housing
Suhotal FldrciaryFun&
Total Conbined
$
$
$
$ l$42,428 $ 4,562,399 $ 3,864272 $ 54,1160756
$ $ 5,728 $ 5,728
23,191,123
727,360
$ $ 23924,211
$ 13,665,938 $
3,',|41,638
$ 405,695 $ 17,630,027
- 3,741,638
$ 11407,576 $ $ 405,695 $ 21371,665
$ 31344,436 $ 14,532,981 $ 8.362 $ 247,216,308
II-39

Page 135 ends

06/25/2024 Item No.7.

ATTACHMENT 4
Summary of Staffing, page II-42

Page 136 ends

06/25/2024 Item No.7.

Summqry of Stffing
Below is a comparison of position totals by department for the FY 2020-2l through FY 2023-24 Budgets and the proposed FY 2024-25 Budget. All positions are listed as full-time equivalent except for City Council which is listed as number of members. Please refer to page VII-14 for a detail of staffrng positions.

City Council
CityManager
CityAttorney
CityClerk
Community Development
Fire Departrnent
Human Resources
Library
Office of Management & Budget
Parks & Recreation
Police Departnent
Public Works
Water Resources
Solid Waste

5.00 4.50

4.00 3.00

26.00 77.00

5.50 t2.75

24.00 48.00
107.50

34.40 s3.25

47.60 5.00

4.75 4.00

3.00 26.00

78.00 6.00

12.00 24.00

48.00 107.50

34.55 s3.00

55.45 s.00
415

4.00 3.00

26.00 88.00

6.00 12.00

24.00 49.00
110.50

34.55 56.00

56.45 5.00

4.00 4.00

3.00 27.00

90.00 6.00

12.00 25.00

49.00 113.50

34.55 s8.00

59.45 5.00

4.00 4.00

3.00 27.00

91.00 6.00

12.00 25.00

51.00 119.50

36.55 60.00

59.45 lr\'t'':lili' Jl( | ) ,.,^1 |
/:.\ ll !] i{i \r1.r! i
) i:i"\\' r.),t,1 ! /. ) i, !1.,1.)
.,iJ11t 1.t t.rtt,ri i
) it' \'/,' ) )l,li,t.)i',\,t I,
.11) 1.1g; ilrr.li
i ,r:r ,') ),!i.tr.1./,:,). , ; );a,.
t.) t) l.trtrt'lt,r, I
tx.\,t: ).)i,l'l/11 , ;!;.)
Iit itrl rn-r.trtl i
tt-42

Page 137 ends

06/25/2024 Item No.7.

This page is intentionally left blqnk
to facilitot e double- side d printing
qnd minimize poper ttse.

CITY OF

DISTINCTIVE EY NATURE

FOLSONI

Page 138 ends

06/25/2024 Item No.7.

Folsom City Council
Staff ort

RECO TION / CITY COUN ACTION
The Finance Department recommends that the City Council receive and file the City of Folsom, the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority monthly Investment Reports for the month of March 2024.

BACKGROUND / ISSUE
Under the Charter of the City of Folsom and the authority granted by the City Council, the Finance Director is responsible for investing the unexpended cash of the City Treasury. The primary objectives of the City's investment policy are to maintain the safety of investment principal, provide liquidity to meet the short and long-term cash flow needs of the City, and earn a market-average yield on investments. The City's portfolio is managed in a manner responsive to the public trust and is consistent with state and local laws and the Crty's investment policy. The Finance Department hereby submits the investment reports for the City of Folsom, the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority for the month of March 2024.
1 MEETING DATE: 612512024
AGENDA SECTION: Joint Meeting Consent Calendar
SUBJECT: Receive and File the City of Folsom, the Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the South of 50 Parking Authority Monthly Investment Reports for the Month of March 2024
FROM: Finance Department

Page 139 ends

06/25/2024 Item No.8.

POLICY / RTII,tr],
l. Section 3.30.010(a) of the Folsom Municipal Code states "the term 'city' shall encompass the city of Folsom, the Folsom community redevelopment agency, and all other agencies and instrumentalities of the city under either the direct or indirect control of the city council, and this chapter regulates the investment of all moneys of those agencies."

2. Section 3.30.030(0 of the Folsom Municipal Code states that "the city's chief investment officer shall each month submit an investment report to the city council, which report shall include all required elements as prescribed by California Government code section 53646."

3. California Government Code, Sections 53601 through 53659 sets forth the state law governing investments for municipal governments in California'

4. Section 3.30.020(9) of the Folsom Municipal Code states that "all city cash shall be consolidated into one general bank account as set out in this code and invested on a pooled concept basis. Interest earnings shall be allocated to all city funds and subfunds according to fund and subfund cash and investment balance on at least a quarterly basis."

ANALYSIS
Overview
The City has diversified investments in accordance with the City Investment Policy and Government Code. The City of Folsom's total cash and investments are invested on apooled basis as required by the Folsom Municipal Code'
The Portfolio Summary of the City's current report includes a o'Pooled Equity Section" identifring the Redevelopment Successor Agency's (RDSA) and Folsom Public Financing Authority's (FPFA) portion of the investment pool. The RDSA and FPFA list these amounts under "Cash" in their respective sections. Currently, the Folsom Ranch Financing Authority (FRFA) has no funds invested in Pooled Equity.

City of Folsom
Total Cash and Investments
The following graph illustrates the City's monthly cash and investment balances for fiscal years2020 through 2024. Monthly fluctuations in cash and investments are the result oftypical receipt of revenues less expenditures for operations, debt service, and capital improvements.

As of March 31,2024, the City's cash and investments totaled $282,092,738; an increase of $53,253,546 (23%) from March 31, 2023.
2 Page 140
06/25/2024 Item No.8.
-2019/20
City of F'olsom 'I'otal Cash and lnvcstments
(F'iscal Ycar)
-2020/21
+2O2r122 'r-2022123
300
280
260
240
220
200
180
160
140
720
100

AUGU ' SEP
+2023124
APR ,'U Nocr NOV DEC IAN
2022.23
Eo
The following chart shows the City's monthly cash and investment balances and percentage change for Fiscal Year 2023-24 along with the yearly dollar and percentage changes.

Total City Cash and Investments
Monthly
2023-24 Chanse
Monthly
Chanqe
Yearty $
Chanse
Yearly o/o
Change
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
-3%
l%
r%
-2%
6%
t%
8%
-2%
-3%
I%
0%
0%
t3%
6%
0%
-r%
29%
29%
29%
3t%
29%
2t%
l6%
25%
23%
$ 257,726,288
$ 250,130,252
$ 251,882,783
$ 253,833,708
$ 248,964,786
$ 264,087,886
$ 26"1,073,315
$ 287,472,996
$ 282,092,738
s 199,093,87',7
g 193,398,740
$ 194,536,1 l9
$ 193,738,060
$ 192,831,915
s 217,911,237
$ 230,947,900
g 230,595,523
$ 228,839,192
$ 58,632,411
$ s6,73 l,s I I
I57,346,664
$ 60,095,648
$ 56,132,871
$ 46,176,650
$ 36,125,415
$ 56,877,473
$ 53,253,546
The City's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments. In addition, in accordance with Section 3.30.020(c) of the Municipal Code, less than 50Yo of the City's total cash is invested for a period longer than one year.
a
J Page 141
06/25/2024 Item No.8.

To Maturlty as of Marchgt,2024
3-4 Yrs
29,003,000
4-5 Yro
25,931,000
0 Deys
84049,124

28.7%
2-3 Yrs
37,738,000
72s%
1 Dey
5,423,703

1.996
43,936,000
xs.0% 184-365 Days
22,348,000
7,6%
2-183 Days
44,037,000
15,1%
Investment Performance
The City's Portfolio Management Summary report for the month of March 2024 is presented in Attachment I to this report. Portfolio investment eamings (including pooled equity earnings for the RDSA and FPFA) for the three-month quarter ended March 3I, 2024 totaled $2,961,889. The total rate of return ofthe investment portfolio for the same period was 4.24%.

The following graph illustrates the total dollar amount and breakdown by investment category for March 31,2023 and March 31,2024. This graph lists the investments by face value. 4 Page 142
06/25/2024 Item No.8.
lnvestments by Category - last 5 Quarters
s300,000,000
s250,000,000
s200,000,000
s1s0,m0,000
Sloo,ooo,o@
950,0m,so
I Municipal Bonds
I Corporate Bonds :

I Us Agencies &Treasuties i
r C€rtificates of Deposit i
, r Commerclal Paper :
r LGIP
'
irMoneyMa*et .
,rCash-Checklng
r c6sh - Checklng
r Certificates of oeposlt
June 30, 2023
, s67,820,000
, 924,810,000
: s86,1@,Om
s16,750,0m
, S27,5OO,OOO
' s48,2*,147
' 512,327,229
5t,o27,726
! Money Ma*et
r US Ag€ncles & Treasurles
September3q 2023
S63,2o5,ooo
s26,sm,000
s80,1m,000
S17,484,0m
s2o,omp0o
$42,391,601
$6,749,ss9
5r,428,727
December 31, 2023
s72,3os,OOO
s26,s4s,0m
s71,sOO,Om
sra,zlqpm
s2o,ooo,ooo i
ss1,155,559 r
s13,498,032
Sr,ooo,rsr
s-
Marclr 31,2023
561,19s,0m
S21,81oPoo
s67,6@,000
$13,813,000
szz,soo,ooo
s30,142,338
523B86,909
s7,O25,6rr
March 31,2024
s73,48s,000
s2s,s4spm
s68,000p0o
s18163,000
s17,500,0m
sou,gsg,qqg
s2O,412,389
S1,060,989
r LGIP
rCorporate Bonds
I commercial Paper
t Munlclpal Eonds
lnv$tm6nts ll3t€d ot fsG Vsluo
A detailed listing of the portfolio holdings as of March 31, 2024 is included in Attachment 2 to this report.

The Local Government Investment Pool (LAIF) yield typically moves in the same direction as market yields, but is less volatile, lagging somewhat behind market moves. This can be seen in the chart on the next page, illustrating the historical monthly change in yield from July 2021 through March 2024 for LAIF and two-year US Treasury securities. The effective rate of return for the City Portfolio is also included.

Beginning March 17,2022 the Federal Open Market Committee (FOMC) has increased the Federal Funds Rate eleven times, most recently on July 26,2023 to a rate of 5.25%-5.50oh,up from0.00%-0.25%atthe startof 2022. Sincethatrapidrise,thereisnowapauseof over 10 months, r,vhich is likely to continue at leastthrough September. May CPI was 3.30% year over year while the jobless rate, while ticking upward, still remains low at 4.0oA, causing optimism for rates to finally be eased. However, that same optimism was seen as well six months ago 5 Page 143
06/25/2024 Item No.8.
(4 cuts totaling 1.00% were predicted), and three months ago (3 rate cuts totaling .75o/o werc predicted), to now when Fed Funds futures are now anticipating 2 rate cuts totaling 50%by the end of the year. While inflation is slowing down, it's still much higher than the FOMC's stated goal of 2.0 TYo, the employment market is still robust, and with the election looming, it's very unlikely any rate cuts will happen prior to the November Fed meeting this year, if at all.

A listing of transactions for the third quarter of fiscal year 2024 is included in Attachment 3 to this report.

Folsom Redevelopment.S uccessor Agency
Total Cash and Investments
The RDSA had total cash and investments of $7,494,550 as of March 3I,2024. This is a decrease of $2,726,952 (27%) since March3l,2023. The cash held by the RDSA is comprised of city-held funds, as well as 2011 bond proceeds to be utilized for housing and non-housing projects. These proceeds held by the Agency are broken out individually in the Portfolio Management Summary in Attachment 1.

The following table and graph illustrate the monthly balances and their respective percentage changes for the reporting period. Monthly fluctuations in cash and investments are the result of typical receipt of revenues less expenditures for operations, debt service, and capttal improvements.
6 Yield Comparison
July 2021 - March 2024

5.500h

5.00%

4.50o/o

4.00o/o

3.500

3.000

2.50o/o

2.000

1.500

1.000h

0.50%

0.00%
. A r _\_,__.4
/ -D.J y.F
I .H -r
^.-F Jr--t- J-'
rI
.€ -aJ
w
$ +s+f;-P+f+S t$ b*+$ifSf$S r$ q'r+Stlde*
-FLUF .+2 Yr Trsy _r_City

Page 144 ends

06/25/2024 Item No.8.

Fols om Redevelopment Successor Agency
2023-24
Monthly
Chanse 2022-23
Monthly
Change
Yearly $
Chanse
Yearly o/o
Change
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
-46%
0%
0%
0%
103%
0%
-9%
t5%
$
$
$
$
$
$
$
$
s
6,587,646
3,529,550
3,529,766
3,529,966
3,527 ,169
7,153,995
7,154,218
6,489,128
7,494,550
$ 10,299,687
s 7,276,599
$ 7,276,790
$ 7,276,981
s 7,269,091
s 10,926,348
$ 10,926,540
$ 10,221,311
$ 10,221,502
$ (3,712,041)
$ (3,74',7,049)
$ (3,747,024)
$ (3,747,015)
$ (3,741,922)
$ (3,',772,353)
s (3,772,322)
$ (3,732,183)
$ Q,726,952)
-29%
0%
0%
0%
50%
0%
-6%
0%
-36%
-51%
-st%
-51%
-51%
-35%
-35%
-37%
-27%
Folsom Redevelopment Successor Agency Total Cash and Investments s12,000,000
s9,000,000
s6,000,000
$3,000,000
s0
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
n2021-22 82022-23 .2023-24
The RDSA's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments.

Investment Performance
The RDSA's Portfolio Management Summary report for the month of March 2024 is presented in Attachment 1. The RDSA's investment earnings for the three-month quarter ended March 31,2024 totaled 573,209. The effective rate of retum for the RDSA investment portfolio for the same time period rs 4.34%o.
7 Page 145
06/25/2024 Item No.8.

Folsom Public Financing Authority
Total Cash and Investments
The FPFA cash and investments totaled $29,126,871 as of March 3 1, 2024. This is a decrease of$3,581,384(ll%)fromMarch3I,2023. Monthlyfluctuationsincashandinvestmentsare the result of typical receipt of debt service repayment revenues and the subsequent debt service expenditures. The following table and graph illustrate the monthly balances and their respective percentage changes for the reporting period.

Folsom Public Financing Authority
2023-24
Monthly
Change 2022-23
Monthly
Change
Yearly $
Change
Yearly Vo
Change
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
$ 32,214,456
s 32,214,464
$ 29,229,473
$ 29,120,340
$ 30,794,030
$ 29,126,761
$ 29,126,798
s 29,126,836
$ 29,126,871
$ 38,743,267
$ 38,743,274
$ 32,593,924
I 32,484,402
$ 34,139,626
g 32,489,147
$ 32,489,166
$ 32,489,787
$ 32,708,255
$ (6,528,812)
$ (6,528,810)
s (3,364,450)
$ (3,364,063)
$ (3,345,596)
$ (3,362,386)
$ (3,362,368)
$ (3,362,351)
$ (3,5 8 1,3 84)
0%
-9%
0%
6%
-s%
0%
0%
0%
0%
-16%
0%
5%
-5%
0%
0%
l%
-17%
-r7%
-t0%
-10%
-10%
-r0%
-t0%
-10%
-tt%
Folsom Public Financing Authority Total Cash and Investments s45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
rJ202t-22 o2022-23 .2023-24
The FPFA's projected cash needs for the next six months are sufftciently provided for by anticipated revenues and the liquidity of its cash and investments. 8 Page 146
06/25/2024 Item No.8.

Investment Performance
The FPFA's Portfolio Management Summary report for the month of March 2024 is presented in attachment 1. The FPFA's investment earnings for the three-month quarter ended March 31,2024 totaled $201,102. The effective rate of return for the FPFA investment portfolio for the same time period is2J9%.

Folsom Ranch Financing Authority
Total Cash and Investments
The FRFA cash and investments totaled 5125,945,000 as of March 31,2024, a decrease of $1,010,000 from the prior year. This decrease is due to the maturing of $1,010,000 of local obligations held by FRFA on September 1,2023.

The Authority's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments.

Investment Performance
The FRFA's Portfolio Management Summary report for the month of March 2024 ispresented in attachment 1. The FRFA's investment earnings for the three-month quarter ended March 3I,2024 totaled $1,488,572. The effective rate of return for the FRFA investment portfolio for the same time period is 4.81%.

South of 50 Parking Aathority
Total Cash and Investments
The South of 50 Parking Authority cash and investments totaled $0 as of March 31, 2024.

The Authority's projected cash needs for the next six months are sufficiently provided for by anticipated revenues and the liquidity of its cash and investments.

Investment Performance
There is no investment activity for the South of 50 Parking Authority 9 Page 147
06/25/2024 Item No.8.

ATT

1. City of Folsom, Folsom Redevelopment Successor Agency, Folsom Public Financing Authority, and Folsom Ranch Financing Authority Portfolio Management Summary March2024

2. City of Folsom Portfolio Holdings as of March3l,2024

3. City of Folsom Transaction Summary, Third Quarter of Fiscal Year 2024 Submitted,
amagni, Finance Director
Agency Finance Officer
Folsom Public Financing Authority Treasurer
Folsom Ranch Financing Authority Treasurer
South of 50 Parking Authority Treasurer
10Page 148
06/25/2024 Item No.8.

ATTACHMENT 1

Page 149 ends

06/25/2024 Item No.8.

City of Folsom
Gombined City of Folsom, Redevelopment
Successor AgencY, FPFA & FRFA
Portfolio Summaries
March 31,2024
50 Natoma St.

Folsom, CA 95630
(916) 461-6080
o/o ol
Porffolio
{r?t c.
]F"O]LSOhW
Citv ol Folsom
Cash
Certilicate Of Deposit
Commercial Paper
Corporate Bond
Local Government lnvestm€nt Pool
Money Market
Municipal Bond
US Agencies
US Treasuries
a
Face Amount/
Shales
Book
value
'l,060,989.00
18,450,121.01
17,234,393:76
25,336,185.02
67,999,448.53
20,412,389.39
71,338,668.73
64,789,614.1 1
Book
Value
$ 282,092,738"00
7,493,951 .13
28,304,01
$ 2E9,61{,993.14
Ma.ket
Value
1,060,989.00
1A,271,353.26
17,232,250.OO
24,643,182.55
67,999,448.53
20,412,389.39
70,020,300.00
63,860,697.50
l"ot
Portfolio
Days to
ltaturitv
AccruBd
lnterestYTM Cost cost Value
1,060,989.00
1A,442,912.43
16,902,26320
25,254,391 .46
67,999,448.53

20.412,389-39
70,784,369.1 5
64,633,140.65

4.939o/o

3.963%

5.563%

3.397%

5.1750

5.300%

3.20',1o/o
3,878%

4.38SYo
1,060,989.00
1E,463,000.00
17,500,000.00
25,545,000"00
67,999,448.53
20,412,389.39
73,48s,000.00
65,000,000.00
3'l
,|
823
104
732
1 1
846
746
640
'122,279.29
201,342.36
't18,779.72
391,639.06
498,868.48

0.36 6.31

5.96 8.73

23.25 6.98

25.13 22.22

1.03 4.1 $ 292,465,826.92 $ 288.512,373.81 $ 289,614,993.14 $ 286,475,890.22 507 1,364,783.91 {00.00 lntsrest Total Rate
ofR€tumPooled
City of Folsom Cash and lnvestments (excluding RDSA' FPFA & FRFA amounts) R€development Sucessor Agency (included in RDSA lnvestment Report) Public Financing Authority (included in PFA lnvesiment Report) Fotsom Ranch Financing Authority (included in FRFA lnvestment RePort) Total Pooled Equity
97,4oo/o

2.59Vo
A.01o/o

0.00%
100,00%

4.O7o/o$ 8,062,485.04
160,328.86
627,613.71
Cost

4.45QYo

4.450o/o
4-45oo/o
5"260!o
4,45O"/o

5.19606
Face Amounu
Shar€s CostValue
4,089,778.96
2,591,295.00
a12,877.17
598 62
costVsluo
28,304-01
a,567.14
Book
Valuo
4,089,778.96
2,591,295.00
a12,877.17
598.62
Book
Value
28,304.01

8.567.14
Book
Value
Mar*€t
Value
4,089,778.96
2,591,295.00
8','2,877.'t7
598.62
Market
Value
28,304.01
8,567"14
29,090.000.00
Market
Value
Days to
Maturitv
Days to
Maturity
Days to
Acerued
lnteEst
Accrued
lntercst
Accrued
lntarcst
Porfrlio

54.57 3458

10.E5

0.01 100.00
%oI
Portfolio

0.10 0.03

99.87 100.00
%oI
Po16ollo
of
Successor
Cash
Non-Housing 201 1A Proceeds
Housing 201 18 Proc€eds
Money Market
Total , Averag€
Folsom Public
Cash
Money Market
Municipal Bond
Total , Average
Adencv YTM 6t
lD Cost
Face Amounu
Shares
4,089,778.96
2,591,295.00
u2,a77.17
598.62
28,304.01
a367.14
1 4.450% i 7,494,549.75 $ 7,494,549.75 7,494,54s.7s $ 7,494549.7s $ Financino Authoritv YTM
I
1 2092 66.897.25

2.762% I 29.125,871.15 S 29,126,871.15 I 29,128,A71 s I 29,126,871.1s 20E9 68,897.25 Feco Amounu
Cost Sha16s
Stacey Tamagni, Finance Direc'tor
YTilt
Date
Cost Value
$ 125.9.15,000-00 $ 125,945,000.00 7034 $ 496'190.58 100.00 Folsom Raneh
Total I Average
4J28o/o 1
4:t28% i 125,945,000.00
June 12,2024
125.945.000-00 7034 190.s8 100.00

Page 150 ends

06/25/2024 Item No.8.

ATTACHMENT 2

Page 151 ends

06/25/2024 Item No.8.

City of Folsom
Portfolio Holdings
Portliclio Holdings for lnv, Report
Report Format: By Transaction
Portfolio / Report Group: City of Folsom
GrouP BY: Security TYPe
Average By: Face Amount / Shares
As of 313112024
%I Goupon I Face
I nate I musharcol3suer. Docription
ls
Cttllficale Oto€pos
Advia CU 5,250 243,000-00 0

4.6 Alaska USA FCH 4.600 249,000.00 0,09
\lliant 4.95 1213012027 Alliant 4.950 249,000.00 0,09
v Bank 2.950 0.082.95 a9t2025
Bank 3
,| American Exoress National Bank 3.'t50 246,000.00 0.08 Telco 5.05 1 Austin Telco 5.050 248,000.00

5.25 911 lank of Hooe 5.250 243,000.00 0.08
fiEerd Bank of the \ /est 5"3at2o26 Bank of the West 5.000 248.000.00 0.08

1.95 Bank
Barclavs Bank 1.950 247.000.00 0-08
Slue Ridoe Bank NA 4.200 2r9,000.00 0.08
eruE r rrvg
BMO Harris Bank NA 4.6 51812026 Bank NA 4.600 244,000.00 0.08 America 2.5 BMW Bank of North America 246,000.00 0.08
California CU 5.650 243.000.00 0.01
7t2712027 Caoital One Bank (USA) NA 3.500 245,000.00 0.08 N43.5712712027 NA 3"500 245,000.00 0.08
410t7t2026 Celtic Bank 4.000 245.000.00 0.08
812025 3harter Oak CU 243.000.00
3hartwav CU 248.000.00 nl

0.08 Bank USA 4.75 SIBC Bank USA 4.754 244,000.00
Bank 2,6 Comenitv Capital Bank 2.600 249,000.00 0.09
:onnexus 3.4811512025 Connexus 3.400 249.000.0 0_09
6t14t2028 Customers Bank 4.500 244.OOO.00 0.08
Direct FCU 5.7 5l2Ol2O25 Direct FCU 5.700 248,000.00 0.08 Bank 3.2 5l1Sl2O27 scover Bank 3.200 246,000.00 0.0E
1211612027
t2025
Dort Financial 4.500 247,000.00 0.08
Eaolebank 4.500 249,000.00 0.09
I611312025 Eaqlemark Savings Bank 2.900 246,000.00 0.08 Enierorise Bank 4.35 31312028 Bank 4,350 244,000.00 0.0€

5.2s First Bank Richmond 5.250 243.000.00 0.08
1117t2025 First Familv FCU I t50 2M.OOO,l

4.7 1 First Federal Savings Bank 4.7AO 249,000.00 0.09
Foundation First Foundation Bank 4.700 244,000.00 0.01
kof 4.5 il11t2
2,6

3.1 First National Bank of Middle Tennessee 4.500 244,000.00 0.08 First National Bank Paragould 2.600 249,000.00 0.09
GreenState CU 3.1 00 249,000.00 0.09
cu s.l5 Harborstone CU 5. t50 248,000.00 0.08
H. 5.5 9/1 l.H. Mississiooi Vallev 5.500 243.000.00 0.08 121812026 Jonesboro Stat€ Bank 1.100 249.000.00 0.09

0.09FCU 3.2 afavette FCU 3.200 249,000.00

4.35 1 .CA Bank Corp 4.350 244,000.00 0.08
Leader 2.55 412212025 Leader Bank NA 2.550 246,000.00 0.08 Leaders CU
E 248.000.00
First 4.35 ,ibertv First CU 4,350

5.200
249,000.00 0.09
NA.2.2 Moroan Stanlev Bank, NA 247,000.00 0.08
NA.2.2 Moroan Stanlev Private Bank, NA 2.200 247.0OO,l
York 0.65 9/'1 New York Communitv Bank 0.650 249.000.00 cu 5.65'l umerica CU s.650 248,000.00
Oceanfirst Bank NA 3.2571112024 manfirst Bank NA 3.250 246.000.00 0.08 lnc.5 11/1

5.1 5.000 243,000.00 0.0E
Pacific Western Bank 5.100 243,000.00 0.08
FCU 1.4211812025 Pentaoon FCU .400 249.000.0 0.0s

Page 152 ends

06/25/2024 Item No.8.

4.6 Pinnacle Bank 4.600 244,000,00 0.08
5t8t2026 Pooular Bank 4.500 247,000.00 0.08
913012027 Preferred Bank 4"000 249,000.00 0.0s
ProGrowth Bank 1.200 249.000.00 0.0€
FCU Raiz FCU 4.650 249.000.00 0.09
cu 5.4 1 led Crown CU 5.40 248.000.00 0.06
Renasant Bank 5 1 1 I 241 2025-23 lenasant Bank 5.000 243,000.00 0.0E

4.5 Saco & Biddeford Svg 4.500 244,000.00 0.08
NY2 Safra National Bank of NY 2.000 247.000.00 0.08

4.9 Sandv Sorino Bank 4.900 244,000.00 0.08
FCU 3.4 FCU 3.400 249,000,00 0.09
cu 4.7s DOkane CU 4.750 248,000.00 0.08
SIIE eank ot lndia NY 3.3s 61112027
State Bank of lndia Chicago 3.850 245.000.00 0.08
State Bank of lndia NY 3.350 245,000.00 0.08
Svnchronv Bank 5 312412Q28 Svnchrony Bank 5.000 243,000,00 0.08 .25 1 Toxas Exchanqe Bank, SSB 1.250 249,000.00 0.09
lnc. 4.4 5/1
Federal 3-5
The Pitnev Bowes Bank, lnc. 4.400 244.000.04 0.08
Thkd Federal S&L of Cleveland 3.500 245,000.00 0.08
9t912024 0.650 249,000.00 0.09
UBS Bank USA2"S 413t2024 UBS Bank USA 2.S00 249,000.00 0.09 uSAI|iance rinanCial 3.45 8 I 261 2027 LJSA|liance Financial 3.450 245.000.00 0-08 National /allev National Bank 4.600 244,000.00 0.08
Alliance Bank Westem Alliance Bank 5.050 243,000,00 0.08 tlft.eto Of Deoosil 3.936 18.463.000.0( 6.31

2.500.000.00 0.850.000BofA Securities lnc.0 0.850.000 2,500,000,00CreditAoricole CIB NYCIB NY O

0.850.000 2.500.000.00Credit Aorlcole CIB NY)redit Aoricole CIB NY 0 711712024 0.852.500.000.000.000Ban Ltd/NY 0,852.500.000.00[,UFG BanK LtdiNY 0.000
o 5t112024

0.850.000 2,500,000.00Natixis NYNY O 41312024

2.500,000.00 0.850.000NAtiXiS NYatixis NY O71212024

5.980.000 1
of Bank of America Com 0.800 2.000.000.00 0.6E
-;ffi;f Americs corD 4 iistzdza-zz Bank of America CorP 4.000 2,000,000.00 0.6E

1.22 1_22 3t1712026-22
Bank of Montreal 1.220 2.000.000.00 0.6E
Bank of Montreal 1.220 1.000.000.00 0.34
of Bank of Montreal 1.250 2.000.000.00 0.68
)itiqroupGlobalMarkets 4.000 2.000,000.00 0,6E
Devel Bk 4,3 6/1 lnter-American Devel Bk 4.300 1.000.000.00 0.34 Finance lntl. Finance CorD. 2"650 2.000.000.0( 0-58
Finence 4. 7t1312028 lntl^ Finance Coro. 4.500 1.045.000.00 0-36 JP Morsan Chase & Co2.95 101112026
-
iP Morqan Chase & Co 2.950 1,000,000.00 0.34
Bank NA 4,754
GF II
Bank
l\iloroan Stanlev Bank NA 4-754 1.000.000.00 0.34
Pacific Life GF ll 1.200 1 0.51
PNC Bank NA 3.250 't -000.000.00 0.34
of Canada 8t2025 Roval Bank of Canada 4.412 3,000,000.00 1"03 Var 511

4.65 1t5t2029
State Street Com 5.1 04 1.000.000.00 0.34

3.071 2s-545.000.00 8.73
=FC.e 1.75 212512025 FFCB 1.750 2.000.000.00 0,68
FFCB 2.8 1112512025
FFCB 2.625 3.000.000.00 1.03
FFCB 2.800 2.000.000.00 0-68
:cB 3.875 A1412028 FFCB 3.87s 2,000,000.00 0.68

4.675 11
FFCB 4.000 2.000.000.00 0.6E
FFCB 4.250 2.000.000.00 0.68
FFCB 4.875 2.000.000.00 0.68
;FcB 5.08 311E12027-25 IFCB 5.080 2,000,000.00 0.6E
FFCB 5.33 712412025-24 FFCB 5.330 1,000,000.00 0.34
1 FFCB 5_500 2.000,000.00 0.68
FFCB 5,620 3.000.000.00 1.035.62
Total / 4.10',1 23.000.000.00 7.86

0.600 0.6812t17t2024-21

0.700 o,17

Page 153 ends

06/25/2024 Item No.8.

2.000.000,001,375FHLB8t26t2026-221

2.000,000,002.970FHLB2.97 0.683.000 2.000.000.00FHLB3 0.341.000.000,003.200FHLBLB 3.2 4t2112027-23 0.343.500 1.000.000.00FHLB o.431.250,000.04.000FHLB
3_000.000.00 1.034.709FHLB,t2212029-274. 1,035"080 3.000,000,00FHLB5.08 0.345.250 1.000.000.00FHLB

0.682.000.000,002.000FHLB

1.350.000.00 0.462.500FHLB

5.25 611
1t27t2027-23

0.681.100 2,000,000.00FHLB

0.664.000 2.000,000.00FHLB4-22 8.923.069 26.1 00.000.00T6ffi[1'6[s P616 9o;6 rc

0.343.450 1.000,000.00FHLMC3.45 812512025-23 0.511,500.000.003.750FHLMC3 75 1 2,400.000,00 0.824.000FHLMC2t28t2025-23 1.500.000.00 0.514.000FHLMC

0.344.300 1,000,000,00FHLMC4.3 1

0.511.500,000.005.050FHLMC

2.000.000.00 0.685.350FHLMCt2712026-23

0.68FNMA
ond 4.335
0_375 28t25t2025 0,682.000.000.005,200:NMA

1.000.000.00 0.345.650;NMA
1 s.o00.000.00 1.713.360Total I

18.1853.204.927.105,421CTASSCLASS LGI s3.204.927.11 18.195.421Local

4.291 9.630,095.05LAIFCitVt-Ouarterlv

1.774.29',| 5.1M,426.38LAIF.FPFAF.FPFA 5-0614.794.521.434.25'lt 703.38
1 1
173.460 500,000.00Alameda Countv GOBsAlamala Countv GOBs 3.46 8/1 01.062 1,280,000.00 1 ccD 2.016 0.u1.000.000.002.O16
0,090.638 250,000.00Shores
.100.730 300,000.00Beverlv Hills PFA Lease RevRev 0.73 0.312.450 1.000.000.00Beverlv Hills USD Hills
Hills
usD 2.65

2.45 o.27780.000.002.650Beverly Hills USD

0.342.700 1,000,000.00

1.865.000.00 0.640.751cA St DwR Cent Val Proj
0,561.051 1.625.000.00st DWR Cent
o.14400.000.001 ,188Sarson RDASA TABs
1,,1t2026-21
7 8t1t2026

0.751St DWR
DWR Cent Val
TABS 1 .188

0. 101.288 300,000.00arson RDASA TABs't.288 811
400,000.000.669Citrus CCD GOBS
Q.1t400,000.000.819Citrus CCD GOBs
o.u1.000.000.000.882:olton USD
ccD

0.81 o.a8281112024
Bonds 0.563 1
615.000.00 o,210.563lsu Revenue Bonds
o.170.685 500,000.00CSU Revenue Bonds

0.681.521 2.000,000.00CSU Revenue Bonds

0.88511t112024
't 11t1t2028Revenue
Reven

0.56't.650.000.00CSU Revenue Bonds 2.O84Bonds 1,315.000.02.250Cuoertino USD2.25 811 0.152.OOO 435,000.00Davis RDA-SA TABS29t1t2025 0.030.953 100,000.00Dixon USDDixon USD 0,953 81112025

1.000,000.00 o.34Folsom Cordova USD lmp Dist 2 2.000;olsom Cordova USD lmp Disl2210nl2024

1.040.000.00
0 0,362.000

0.970
Dist 2Cordova
0_'10285.000.001.170ope ESD1t2A26
12025

0.51.766 1,690,000.00tivermore Vattev Joint USDusD 1.766

Page 154 ends

06/25/2024 Item No.8.
rrin CCD GOs 3.372 81112028-23
os Altos SD 1.000 2.000.000.00 0.68
ivlarin CCD GOs 0.679 900.000.00 0.31
lVlarin CCD GOs 3.372 1,000,000.00 0.34
usD 2.203
1,941 1 95,000.00 0.07
ValleV 2.203 100,000"00 0.03
Moreno Vallev USD 2.328 1 10,000.00 0.04

2.328 0.49
Moroan Hill RDA-SA 0.961 9t112025 Moroan Hill RDA-SA 0.961 1.425.000.00 Novato RDA-SA 2, 42 9l 1 12027 RDA.SA 2.420 1,545,000.00 0.53

0.561 600,000.00 0.21
sD 0.s61
o.82811
8t112025
Oxnard SD GOBs 0.620 345.000.00 0.12

1.256 500.000.00 0"17
)alomar CCD 0.881 81112025 Palomar CCD 0.881 300,000.00 0,1( Pasadena Area CCD GOBs 5.300 1,000,000^00 0.34

0.67 81112024 0.670 680.000.00 o.23

0.34 GOBs
1 Bemadino 6.5 E11t2025

0.634
Sacramento Res. Sanitation Oistict 1.042 2,305,000.00 0.79 San Bernadino City USD 6.500 500,000.00 0.17
san Bernadino Citv USD 6-500 300,000.00 0.10
0,605 ian Bernardino CCD 0.605 1.000,000.00 0.34
o.92t San Jose Eversreen CCD 0.921 1,000,000.00 0.34
Jose
Jose ccD 5.07 91112028 San JoJe Eversreen CCD 5.070 1,500,000.00 1 RDA-SA 3. San Jose
Jose

3.176 2,1 70,000.00

0.51 San Jose RDA-SA 3.226 81112027
San .lose RDASA 3-228 81112027
5an I(UA-OA
San Jose RDA-SA 3.226 1.000.000.00 0.34
n Jose USD 1.014
91112027
Lease Rev 0.976 6l'll2O24-20
San Jose USD 1.O14 700,000.00 o.24
SIna-Ana Gomm RDA-SA 3,367 '1,485,000.00 0.51
Clarita P 0,976 355.000.00 0.12

1.176 360.000.00 o.12
3t. of Texas GOB's 3-011 101112026-25
PFA Lease
St. of Texas GOB'S 3.011 2,000,000.00 0.68
St. ofTexas GOBs 5.000 765,000.00 o.27
Texas GOBs 1

1.7 of 2.375 1
101112026
1,700 2.000,000.00 0.68

2.375 1,600,000.00 0.55
State of California GO 2.375 815,000,00 0,28
Stite of California GO 4.646 3l1l20n
State of California GO 3.375 2.000,000.00 0.6t
tste of California GO 4.846 '1.000.000,00 0.34
;tate of Delaware GOB's 4.450 1.500.000.00 0.51
9t1t2025
3,063 711
t2025GRBs Ser
Ser BF
Sulohur $prinss USD 5.265 266.000,00 0.09
AX 3.063 985,000.00 0.34
3,063 2.000.000.00 0.68
UC Redents GRBs Ser BF 0.833 250.000.0( o.09
UC BG 1.316 GRBs Ser BG 1.316 1,000,000.00 0.34
M 2.659 C Reoents Ser M 2.659 900,000.00 0.31
ccD 2.317

0.804 8/1
8t112026
ccD 2.3't7 2,180,000.00 0.7
Yosemite CCD 0.804 500.000.( 017
rsemite CCD 1.35( 680.000.00
1 Yosemite CCD 1.350 820,000.00 0.26
Yosemite CCD 1.440 300,000.00 0.10
ccD 1.44
12027

1.689 750.000,00 o.26
ccD 1.912

2.O82
250 0.09
Yommile CC D 2.082 81 1 I 2027
$ub Totsl /.Avarage Munlcipal Bond ,

2.197 73.485.000.00 25.13
4,2s}l 3,000,000.00Trea*ury254.25 1

14.2501 3.000,000.00freesurv NoteI

Page 155 ends

06/25/2024 Item No.8.

ATTACHMENT 3

Page 156 ends

06/25/2024 Item No.8.

City of Folsom
Transactions Summary
Transaction Summary - lnvestment Report
Portfolio / Report Group: City of Folsom
Group By: Action
Begin Date: O1lO1t2O24, End Date: 0313112024
Dercriptlon SecurltyTyPc Settlement
Deto
illatudty
l*o" Pdnclpil YTU@
Gort:

5.2572lA6179,172,500,000.00't21312024311112024Commercial PaperclB 1

5.30312,500,000.001124t20z. 7t1712024Commercial PaoerNY 0 7/1 5.1001.998.900.0(2.000.000.003t18120273t18t202'FFCB BONd5-08 5.6203,000,000.003t20t2028 3,000,000.00312012024FFCB BondFFCB 5.62 312012028-24 4.372981,795.001.000,000.004t1712026112912024FHLB BONd.5 4.7003,000,000.003r22t2029 3,000,000.00312212024;HLB Bond4.7 4.3501,477,125.0010t23no26 1,500,000.001t30t2024=HLMC Bond13. 4.700249.000.00249,000.0010t22t20263t2212024Certificate Of DePosit4.7 4.750248,000.00248,000.003125120273t25t2024Oertificate Of DePosit4.75 4.3852,992,470.0012t31t2025 3,000,000.001t2412024freasurv Note1213'l

2.000.000.00 1,985.500.001t5t20293t19120241Credit 4.600244,000.00244.000.003t51202731512024of3t5t2027 4.2512.008,455.812,180,000,001t26t2024 8t112028Municipal BondVentura CCO 2.317 81112028

23.421 .000.00 23,028.595.11Neraoe Buv

0.00016
1 5

5.5 Called
8t2024CIB NY

5.125 3t8t2024Bond
2t15t2024
2t28t2024
NYO1 812024
t2024
12024-Note 2.25 313112024
2t29t2024

Page 157 ends

06/25/2024 Item No.8.

This pqge is intentionally Ieft blonk
to fo.cilitste double - side d printing
qnd minimize poper ttse.

CIT Y OF

DISTINCTIVE EY NATURE
FOLSOl\{

Page 158 ends

06/25/2024 Item No.8.

Folsom City CouncilJune 25, 2024

Folsom City Council
June 25, 2024