Agenda packet — Folsom City Council, September 24, 2024 (part 1 of 4)

1 Agenda
City Council Regular Meeting and Joint City Council,
Folsom Redevelopment Successor Agency, the Folsom
Public Financing Authority, the Folsom Ranch Financing
Authority, and the South of 50 Parking Authority Meeting Folsom City Hall | City Council Chambers, First Floor
50 Natoma Street, Folsom, CA 95630
September 24, 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

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2 City Council Regular Meeting and Joint City Council, Folsom Redevelopment Successor Agency, the Folsom Public Financing Authority, the Folsom Ranch Financing Authority, and the 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, September 24, 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: Aquino, Chalamcherla, Rodriguez, Rohrbough, 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

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3 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.

1. Resolution No. 11259 – A Resolution Authorizing the City Manager to Execute a Contract Change Order with Mozingo Construction, Inc. (Contract No. 174-21 23-020) for the Construction of the Folsom Boulevard 27-Inch Trunk Sewer Project (SECAP) (Project WW1901)

2. Resolution No. 11260 - A Resolution Repealing Resolution No.10900 and Designating Conflict of Interest Filing Positions and Disclosure Categories

3. Resolution No. 11261 - A Resolution Authorizing the City Manager to Execute a Contract Renewal/Extension with Dell for the Microsoft Enterprise Agreement

4. Resolution No. 11262 - A Resolution Authorizing the City Manager to Execute an Agreement with Environmental Systems Research Institute, Inc. (ESRI) to Renew/Extend Contract for Geographic Information System (GIS) Software

5. Resolution No. 11264 – A Resolution Authorizing the City Manager to Execute a Construction Agreement with Central Valley Engineering, Inc., for the Construction of Sidewalks on Old Ranch Way and Savannah Parkway at Neighborhood Park 2 in the Folsom Plan Area and Appropriation of Funds

6. Resolution No. 11265 – A Resolution Authorizing the City Manager to Execute Amendment No. 3 to the Agreement (Contract No. 173-21 20-031) with HydroScience Engineers, Inc. for Design Services for the Ashland Water Rehabilitation Project No.1 (Project WA 2101) and Appropriation of Funds

7. Resolution No. 11267 – A Resolution Authorizing the City Manager to Execute a Construction Agreement with Martin General Engineering, Inc. for the Folsom High School Iron Point Road Median Fence Project, Project No. 8023, and Appropriation of Funds

8. Resolution No. 11268- A Resolution Authorizing the City Manager to Execute a Memorandum of Understanding Grant Reduction Amendment with SACOG for the Green Means Go Program and Addition of $15,000 from the City’s Housing Fund to Complete the Mixed-Use and Multifamily Objective Design and Development Standards Project, and Appropriation of Funds

9. Resolution No. 11269- A Resolution Authorizing the City Manager to Execute an Agreement with the 50 Corridor Transportation Management Association to Provide Transportation Demand Management Services in the Folsom Specific Plan Area
PUBLIC HEARING:

10. Ordinance No. 1348 - An Ordinance of the City of Folsom Amending Sections 10.20.220 and

10.20.230 of the Folsom Municipal Code Pertaining to Parking in Alleys in the Historic District (Introduction and First Reading)

11. Folsom Heights Small-Lot Vesting Tentative Subdivision Map Amendment and Determination that No Further CEQA Review is Required
i.Resolution No. 11263- A Resolution to Approve a Small-Lot Vesting Tentative Subdivision Map Amendment for the Folsom Heights Subdivision Project

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4 CONVENE JOINT CITY COUNCIL, FOLSOM REDEVELOPMENT SUCCESSOR AGENCY, THE

FOLSOM PUBLIC FINANCING AUTHORITY, THE FOLSOM RANCH FINANCING AUTHORITY, AND THE SOUTH OF 50 PARKING AUTHORITY MEETING
ROLL CALL: Council / Boardmembers: Aquino, Chalamcherla, Rodriguez, Rohrbough, Kozlowski
CONSENT CALENDAR:

12. 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 June 2024 PUBLIC HEARING:

13. Folsom Ranch Financing Authority City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024 i. Resolution No.11266 – Resolution of the City Council of the City of Folsom Authorizing the Issuance of the City of Folsom Community Facilities District No. 18 (Folsom Plan Area – Area- Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024, the Execution of an Indenture Providing therefor, Authorizing the Execution of a Local Obligation Purchase Contract, and Authorizing Necessary Actions and the Execution of Other Documents in Connection therewith
ii. Resolution No. 012- Folsom Ranch FA - Resolution of the Governing Board of the Folsom Ranch Financing Authority Authorizing the Issuance, Sale and Delivery of Not to Exceed $50,000,000 Aggregate Principal Amount of City of Folsom Community Facilities District No. 18 (Folsom Plan Area – Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024; Approving the Form and Substance of a Trust Agreement, Authorizing Modifications thereof and Execution and Delivery as Modified; Approving a Preliminary Official Statement, Authorizing Changes thereto and Execution and Delivery of an Official Statement to be Derived therefrom; Approving a Local Obligation Purchase Contract and a Bond Purchase Contract and Execution and Delivery of Each; and Authorizing Related Actions Necessary to Implement the Proposed Financing

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

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5 there is any “Business from the Floor,” follo w 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 AGENDA 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 Council 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 Library located at 411 Stafford Street, Folsom, California during normal business hours.

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Folsom City Council
Staff rt

RECOMMENDATION / CITY COUNCIL ACTIQN
The Environmental and Water Resources Departments recommends that the City Council pass and adopt Resolution No. 11259 - A Resolution Authorizing the City Manager to Execute a Contract Change Order with Mozingo Construction, Inc. (Contract No. 174-2I 23-020) for the Construction of the Folsom Boulevard 27-Inch Trunk Sewer Project (SECAP) (Project ww1901)

BACKGROUND / ISSUE
The Environmental and Water Resources (EWR) Department identifies sewer infrastructure rehabilitation and replacement projects through sewer master plans and ongoing sewer condition assessment programs. As part of the City's Sewer System Management Plan for its wastewater collection system, the EWR Department performs ongoing condition assessments on the wastewater system and corrects any defects/deficiencies identified through this process.

Through these efforts, City staff identified the Folsom Boulevard 27-inchTrunk Sewer Project as needing improvements.

On April 25th,2023, through Resolution No. 11028, the City Council awarded a contract to Mozingo Construction, Inc. for the construction of the Folsom Boulevard 27 -InchTruck Sewer Project in the amount of $4,918,900 with a 10o/o contingency in the amount of $491,890 for a contract amount of $5,410,790. The project involved the construction and operation of a 1 MEETING DATE: 9124/2024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. i 1259 - A Resolution Authorizing the City Manager to Execute a Contract Change Order with Mozingo Construction,Inc. (ContractNo. 174-2i 23-020) for the
Construction of the Folsom Boulevard 27-lnch Trunk Sewer Project (SECAP) (Project WWl901)
FROM: Environmental and Water Resources Department

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09/24/2024 Item No.1.
parallel 2I-inch sewer line adjacent to the City's existing 27-rnch Folsom Boulevard Trunk Sewer along Folsom Boulevard between Blue Ravine and Bidwell Street. The purpose of the parallel 2I-inchgravity sewer line is to provide wet weather flow capacrtyhedundancy.

During construction the work to install the pipeline deviated from the original design due to unforeseen changes in field conditions. All changes associated with the unforeseen field conditions were able to be negotiated within the l0o/o contingency with the exception of additional traffic control that was required in order to minimize impacts to traffic along Folsom Boulevard during construction.

This Resolution will authorize the City Manager to execute a Contract Change Order with Mozingo Construction, Inc. (Contract No. 174-21 23-020) for construction of the Folsom Boulevard 27-InchTrunk Sewer Proiect (SECAP) (Project WWl90i).

POLICY / RULE
Section 2.36.120 of the Folsom Municipal Code states, in part, that contracts for supplies, equipment, services, and construction with an estimated value of $73,209 or greater shall be awarded by the City Council.

ANALYSIS
The initial project consisted of constructing a parallel 2l-inch sewer line adjacent to the City's existing 27-rnch Folsom Boulevard Trunk Sewer along Folsom Boulevard between Blue Ravine and Bidwell Street in order to provide wet weather flow capacityhedundance. The work to install the pipeline required alignment modifications from the original design due to unforeseen changes in field conditions. Changes associated with the unforeseen field conditions that were able to be negotiated within the l}oh contingency included:
survey, layout, excavation and road restoration
conflicts
sloughed into the trench
Documents
and other items
than what was anticipated based on geotechnical report
2 Page 8
09/24/2024 Item No.1.
of the new 27-inch sewer line at the intersection of Folsom Boulevard and Blue Ravine Boulevard and Blue Ravine beyond what the Contract Documents had anticipated due to a large thrust block
While the items described above were captured within the previously approved l0% contingency, the additional traffic control necessary to complete the project cannot be covered.

The additional traffic control was required due to:
that required design modifications
conflicting with the original sewer alignment
public
set up mobilizations
unexpected utilities
public access
and cyclists across the intersections
project
The additional traffic control was beyond the amount of time and effort within the original scope of work and were necessary to complete the project.

This Rescjlution will authorize the City Manager to execute a Contract Change Order with Mozingo Construction, Inc. (Contract No. 174-21 23-020) for construction of the Folsom Boulevard 27-InchTrunk Sewer Project (SECAP) (Project WWl901).

F'INANCIAL IMP ACT
The additional traffic control work necessary to complete this project requires the contract to be increased by an additional $83,326. Approximate project costs to date include design, construction administration services, construction management, inspection services, and construction total approximately $7,168,1428. The Folsom Boulevard 27-Inch Trunk Sewer Project (SECAP) (Project WW1901) is included in the FY 2024-25 Capital Improvement Plan with a total project budget of $8,023,945 funded by the Sewer Operating Fund (Fund 530) and the Sewer Capital Fund (Fund 531).

The EWR Department is requesting an increase of Mozingo Construction, Inc. contract by $83,326 for a total not-to-exceed project budget for this agreement in the amount of J Page 9
09/24/2024 Item No.1.
55,64I,645. Sufficient funds are budgeted and available in the Sewer Operating Fund (Fund s30).

ENVIRONMENTAL REVIEW
The Folsom Boulevard 27-Inch Trunk Sewer Project (SECAP) was designed to avoid direct and indirect impacts to the environment. Pursuant to California Environmental Quality Act (CEQA) Guidelines Section 15303 (d), the proposed project consists of construction and installation of a sewer line of reasonable length to serve the needs of the City of Folsom.

Pursuant to CEQA Guidelines Section 15301 (b), the project will accommodate current flow conditions and provide redundancy to the existing sewer system in the City of Folsom. Each segment of the proposed project was designed and will be constructed to avoid environmentally sensitive areas. The project design placed the pipeline mainly within roadways and as far away as possible from environmentally sensitive areas. The proposed new pipeline will be located on the same site as the existing public utilities pipeline. The overall design of the project has no significant impacts to the environment and will be exempt from CEQA review.

ATTACHMENT
Resolution No. i 1259 ^ A Resolution Authorizing the City Manager to Execute a Contract Change Order with Mozingo Construction, Inc. (Contract No. 174-21 23-020) for the Construction of the Folsom Boulevard 27-Inc,h Trunk Sewer Project (SECAP) (Project ww1901).

Submitted,
Marcus Yasutake, Director

ENVIRONMENTAL AND WATER RESOURCES DEPARTMENT
4 Page 10
09/24/2024 Item No.1.

RESOLUTION NO. II259

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A CONTRACT CHANGE ORDER WrTH MOZINGO CONSTRUCTION, rNC. (CONTRACT NO. 174-2123- 020) FoR THE CONSTRUCTION OF THE FOLSOM BOULEVARD 27-INCH TRUNK sEwER PROJECT (SECAP) (PROJECT WW1901)
WHEREAS, the City is currently implementing its Sanitary Sewer System Management Plan which consists of condition assessment, as well as operation and system improvements; and WHEREAS, the City is continuing to update its System Evaluation and Capacity Assurance Plan to identify recommended system capacity improvements; and WHEREAS, the City has identified this project to help proactively ensure that future General Plan and build out sewer flow conditions are accounted for in the ultimate operation of the sanitary sewer collection system; and
WHEREAS, the EWR Department requests an increase in the amount of $83,326 for additional traffic control work which is above the l\Yo contingency; and WHEREAS, approximate project costs to date are $7,168,142 and the project was included in the FY 2024-25 Capital Improvement Plan with a total project budget of $8,023,945; and WHEREAS, sufficient funds are budgeted and available in the Sewer Operating Fund (Fund 530); and
WHEREAS, the Change Order 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 a Contract Change Order with Mozingo Construction, Inc. (Contract No. 174-21 23-020) for the Construction of the Folsom Boulevard 27-Inch Trunk Sewer Project (SECAP) (Project WWl901) for an additional $83,326 for a total not-to-exceed amount of s5,641,645
PASSED AND ADOPTED this24rh day of September, 2024, by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST
Councilmember(s):

Councilmember(s):

Michael D. Kozlowski, MAYOR
Christa Freemantle, CITY CLERK
Resolution No. 11259

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09/24/2024 Item No.1.

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C}TY OF

DISTINCTIVE BY NATURE
F()LSOl\{

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09/24/2024 Item No.1.

Folsom City Council
Staff ort

RECOMMENDATION / CITY COUNCIL ACTION
Staff recommends that the City Council approve Resolution No. 1 1260 - A Resolution Repealing Resolution No. 10900 and Designating Conflict of Interest Filing Positions and Disclosure Categories.

BACKG / ISSUE
All local California agencies are required to establish a Conflict of Interest Code. The purpose of a Conflict of Interest Code is to ensure that public officials and employees make decisions impartially, without undue influence from personal financial interests. This code aims to promote transparency and accountability by requiring individuals in positions of authority to disclose their financial interests that could potentially conflict with their public duties. By clearly defining disclosure requirements and prohibitions, the Conflict of Interest Code helps prevent corruption and maintains public trust in the integrity of city government operations.

POLICY / RULE
Under the Political Reform Act, specifically Government Code Section 87303 et seq., agencies must review their Conflict of Interest Codes every two years to assess the need for revisions. The City's last update was completed in 2022. 1 MEETING DATE 912412024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1260 - A Resolution Repealing Resolution No, 10900 and Designating Conflict of Interest Filing Positions and Disclosure Categories
FROM: City Clerk's Department

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09/24/2024 Item No.2.

Section 7.01 of the City's Charter stipulates that "[t]he use of public office for private gain is prohibited. The City Council shall implement this prohibition by ordinance adopting and ensuring compliance with the laws of the State of California regarding such conflicts..." Folsom Municipal Code Section2.34.030 et seq. grants the City Council the authority to designate by resolution those positions involved in making or participating in decisions that could materially affect any financial interest.

ANALYSIS
The City of Folsom's Conflict of Interest Code designates specific staff positions within the City that make or are involved in making financial decisions. Examples of financial decisions made by staff include contracting for services, purchasing goods and supplies, and overseeing financial investments or expenditures. Each designated position is assigned one or more disclosure categories based on the position's responsibility and authority. For example, positions involving contracting and purchasing are categorized under Disclosure Category 2.

For this year's update, department heads have reviewedthe2022list of designated positions and their corresponding disclosure categories to identi$r any necessary updates. This review assessed whether positions should be added, removed, or reclassified based on their decision- making responsibilities and potential impact on personal financial interests.

Since the 2022 update to the Conflict of Interest Code, there have been changes in positions, including additions, reassignments, deletions, and re-titling. As a result, the appendix of designated positions also requires revision to accurately reflect the current structure and titles.

ATT NTS

1. Resolution No. 1 1260 - A Resolution Repealing Resolution No. 10900 and Designating Conflict of Interest Filing Positions and Disclosure Categories

2. Resolution No. 10900 - A Resolution Repealing Resolution No. 10527 and Designating Conflict of Interest Filing Positions and Disclosure Categories Submitted,
Christa Freemantle, CMC
City Clerk
2

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09/24/2024 Item No.2.

ATTACHMENT 1
Resotution No. 11260 - A Resotution Repeating Resotution No. 10900 and Designating Conftict of lnterest Fiting Positions and Disctosure Categories

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09/24/2024 Item No.2.

RESOLUTION NO. 1126O
A RESOLUTION REPEALING RESOLUTION NO. 1O9OO

AND DESIGNATING CONFLICT OF INTEREST FILING POSITIONS

AND DISCLOSURE CATEGORIES
WHEREAS, the Political Reform Act, Government Code Section 87303 et seq. requires that agencies review biennially in even-numbered years the provisions of their Conflict of Interest Code, which includes designated positions and disclosure categories; and WHEREAS, persons holding these positions are designated public officials, officials, employees and consultants as defined in Government Code Section 82019 et seq. are deemed to make or participate in the making of decisions which may foreseeably have a material effect on any personal financial interest; and
WHEREAS, Chapter 2.34 of the Folsom Municipal Code pertaining to the Conflict of Interest Code, authorizes the City Council to designate by resolution those designated Conflict of Interest staff positions which should file statements of economic interests; and WHEREAS, that as a result of the review mandated by Government Code Section 87300 et seq. it has been determined that the current list of designated positions and disclosure categories should be updated:

NOW THEREFORE, BE IT RESOLVED, that ResolutionNo. 10900, which established the prior list of designated filers and disclosure categories is hereby replaced; and BE IT FURTHER RESOLVED, that all public offrcials, officials, elected and appointed offrcers, persons holding designated positions and consultants that are subject to the filing and disclosure requirements pursuant to Exhibit "A" in accordance to the disclosure categories as set forth in Exhibit "B" shall file statements of economic interests in accordance with the forms and procedures established by the California Fair Political Practices Commission.

PASSED AND ADOPTED on this 24th day of Septemb er 2024, by the following roll- call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. 11260
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09/24/2024 Item No.2.

EXHIBIT "A''

CITY OF FOLSOM

CONFLICT OF INTEREST CODE

APPENDIX OF DESIGNATED OFFICIALS/EMPLOYEES
I. Designated Positions.

The positions listed below constitute the list of designated positions required by the City of Folsom's conflict of interest code (Folsom Municipal Code Chapter 2.34). Individuals holding these positions as designated public officials, officials, employees and consultants as defined in Government Code Section 82019 et seq. are deemed to make or participate in the making of decisions which may foreseeably have a material effect on any financial interest. The individuals occupying the designated positions shall disclose their economic interests in accordance with the corresponding disclosure categories, defined in Exhibit B.

Resolution No. 11260

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Department Designated Position/Category
City Attorney's Depaftment Assistant City Attorney / CAT-01 City Attorney's Department City Attorney / 87200 Filer
City Attorney's Depaftment Legal Analyst / CAT-02, CAT-04 City Attorney's Depaftment Legal Secretary / CAT-01
City Clerk's Department City Clerk / CAT-01
City Clerk's Department Deputy City Clerk I CAT-02
City Council 87200 Filers
City Manager's Department Administrative Support Specialist / CAT-01 City Manager's Department City Manager / 87200 Filer
City Manager's Depaftment Communications Director I CAT-02 City Manager's Depaftment Digital Communications Specialist / CAT-O1 Commission / Committee Members Planning Commissioners / 87200 Filer All Others: CAT-03, CAT-04
Community Development Depaftment Associate Planner / CAT-03

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09/24/2024 Item No.2.

Community Development Department
Resolution No. 11260

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Building Inspector VII / CAT-03, CAT-04
Building Inspector Supervisor / CAT-03, CAT-04Community Development Department City Engineer ICAT-02, CAT-03Community Development Depaftment Code Enforcement Officer I/II / CAT-02, CAT-03Community Development Department Code Enforcement Supervisor / CAT-03Community Development Department Community Development Director / CAT-O1Community Development Depaftment Plan Check Engineer I CAT-03, CAT-04Community Development Department Planning Manager / CAT-01Community Development Department Principal Civil Engineer / CAT-01Community Development Depaftment Senior Civil Engineer / CAT-02, CAT-03Community Development Department Senior Planner / CAT-03, CAT-04Community Development Department Urban Forester / CAT-03, CAT-04Community Development Department Associate Civil Engineer / CAT-02, CAT-03Environmental and Water Resources Depaftment
Director of Environmental/Water Resources / CAT-
01 Environmental and Water Resources
Department
Management Analyst I CAT-02Environmental and Water Resources Department
Principal Engineer I CAT-02, CAT-03Environmental and Water Resources Department
Utility Maintenance Supervisor I CAT-02, CAT-04Environmental and Water Resources Utility Manager I CAT-02, CAT-03, CAT-04Environmental and Water Resources Department
Wastewater Collection Supervisor / CAT-02, CAT-
04 Environmental and Water Resources
Department
Water Distribution Supervisor I CAT-02Environmental and Water Resources Department

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09/24/2024 Item No.2.

Environmental and Water Resources
Depaftment
Resolution No. 11260

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Water Treatment Plant Supervisor / CAT-02, CAT-
04 Deputy Treasurer I CAT-02Finance Department
Finance Director / Chief Financial Officer I 87200
FilerFinance Department
Financial Services Manager / CAT-O1Finance Department
Information Systems Manager I CAT-02Finance Department
Revenue Superuisor / CAT-01, CAT-03Finance Department
Revenue/Disbursements Manager / CAT-0 IFinance Department Administrative Assistant I CAT-02Fire Department
Administrative Technician / CAT -02Fire Department
Fire Battalion Chief / CAT-02Fire Department
Fire Chief / CAT-O1Fire Department
Fire Division Chief / CAT-02Fire Department
Fire Prevention Officer I CAT-02Fire Department
Human Resources Director / CAT-01Human Resources Department Senior Management Analyst I CAT-02Human Resources Department Librarian / CAT-01Library Services
Library Manager ICAT-02Library Services
Senior Librarian / CAT-01Library Services
Consultant / CAT-01Lobbyist
Community and Cultural Services Manager ICAT-
02, cAT-03Parks and Recreation Department
Facilities Maintenance Supervisor I CAT -02, CAT -
03Parks and Recreation Department

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09/24/2024 Item No.2.

Parks and Recreation Department
Resolution No. 11260

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Parks and Recreation Director / CAT-01
Parks Maintenance Supervisor I CAT-02, CAT-03Parks and Recreation Department Parks Maintenance Supervisor I CAT-02, CAT-03Parks and Recreation Depaftment Parks/Facilities Maintenance Manag er / CAT -02,
CAT-03Parks and Recreation Department
Recreation Supervisor I CAT-02, CAT-03Parks and Recreation Department Senior Management Analyst I CAT-02Parks and Recreation Department Senior Recreation Coordinator / CAT-O1Parks and Recreation Depatlment Senior Trails Planner I CAT-02, CAT-03Parks and Recreation Department Zoo Manager I CAT -02, CAT-03Parks and Recreation Department Administrative Assistant / CAT-01Police Department
Animal Control Officer I CAT-02, CAT-04Police Department Commander / CAT-01Police Department
Police Chief / CAT-01Police Depaftment
Police Lieutenant / CAT-01Police Department
Environmental Specialist Supervisor I CAT-02,
CAT-04Public Works Department
Public Works Director / CAT-01Public Works Department
Section Manager I CAT-02, CAT-04Public Works Department Senior Civil Engineer I CAT-02, CAT-03Public Works Department Senior Environmental Specialist / CAT-01Public Works Department Senior Management Analyst I CAT-02Public Works Department Senior Traffic Control/Light Technician / CAT-O1Public Works Department Solid Waste Supervisor / CAT-O1Public Works Department

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09/24/2024 Item No.2.

Streets Operations Supervisor I CAT-02, CAT-03Public Works Department Consultant / CAT-01Special Counsel
Public Works Department Solid Waste/Fleet Manager / CAT-02, CAT-04 * "87200 Filer(s)" refers to filers identified within Government Code section 87200 et seq, This section establishes certain requirements for members of planning commissions, mayors, city managers, city attorneys, city treasurers, members of city councils, other public officials who manage public investments, and candidates for any of these offices to file statements of economic interest disclosing investments, interests in real property (excluding principal or personal residence) and any income received.

Resolution No. 11260

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09/24/2024 Item No.2.

EXHIBIT "B''

CITY OF FOLSOM

CONFLICT OF INTEREST CODE

DISCLOSURE CATEGORIES
Disclosure Categories
Category I - Officials and employees whose duties are broad and indefinable:

Investments and business positions in business entities, and income including loans, gifts, and travel payments from sources located in or doing business in the jurisdiction.

Interests in real property located in the jurisdiction, including property located within a two-mile radius of any property owned or used by the City or within two miles of the boundaries of the City.

Category 2 - Officials and employees whose duties involve contracting or purchasing:

Investments and business positions in business entities and sources of income including those that provide services, supplies, materials, machinery or equipment of the type utilized by the City.

Category 3 - Officials and employees whose decisions may affect real property interests:

Investments and business positions in business entities and income including loans, gifts, and travel payments from sources that provide services, supplies, materials, machinery, or equipment of the type utilized by the City.

Engage in land development, construction or the acquisition or sale of real property.

Interests in real property located within the jurisdiction, including property located within a two-mile radius of any property owned or used by the City.

Category 4 - Officials and employees with regulatory powers:

Investments and business positions in business entities and sources of income including loans, gifts, and travel payments from sources that provide services, supplies, materials, machinery, or equipment of the type utilized by the department or division to which the filer is assigned.

Regulations Regarding Gifts
Gifts from outside the agency's jurisdiction shall not be required to be reported if the purpose of disclosure of the gift does not have some connection with or bearing upon the duties of the position. (18730.1, TitIe2, Div 6, CA Code of Regulations) Resolution No. I1260
PageT of7 Page 22
09/24/2024 Item No.2.

ATTACHMENT 2
Resotution No. 10900 - A Resolution RepeaLing Resotution No. 10527 and Designating Conftict of lnterest Fiting Positions and Disctosure Categories

Page 23 ends

09/24/2024 Item No.2.

RESOLUTION NO. 1O9OO
ARESOLUTIONREPEALINGRESOLUTIONNO.I052T
ANDDESIGNATINGCONI.LICToFINTERESTFILINGPOSITIONS

AND DISCLOSURE CATEGORIES
WHEREAS, the political Reform Act, Government code Section 87303 et seq' requires that agencies review biennially in even-numbered years the provisions of their conflict of Interest Codeiwhich includes designated positions and disclosure categories; and WHEREAS, persons holding these positions are designated public officials, officials, employees und
"onsrrltants
as defineJ in Govemment Code Section 82019 et seq. are deemed to ,rrul. l. participate in the making of decisions which may foreseeably have a material effect on any personal financial interest; and
WHEREAS, Chapter 2.34 ofthe lolsom-I4uuiSipd-egde pertaining to the Conflict of Interest Code, arrtrrorires the Crty Council to derig"ut" by iesolution those positions which should file statements of economic interests; and
WHEREAS, that as a result of the review mandated by Governmelt !o{e Section 87300 et seq. it has been deiermined that the current list of designated positions and disclosure categories should be updated:

NOW THEREFORE, BE IT RESOLVED, that ResolutionNo. 10527,which established the prior list of designated filers and disclosure categories is hereby repealed; and BE IT FURTHER RESOLVED, that all public officials, offtcials, elected and appointed officers, persons holding designated positions and consultants that are subject to the filing and disclosure requirements-pursuint to Exhibit "A" in accordance to the disclosure categories as set forth in Exhibit ..B" shall file their statements of economic interests with the city clerk.

PASSED AND ADOPTED this 23rd day of August2}Zz,by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
councilmember(s): Kozlowski, Rodriguez, Aquino, chalamcherla, Howell Councilmember(s): None
Councilmember(s): None
Councilmember(s): None
ATTEST:

Christa
Resolution No. 10900
Page I of6

CITY CLERK
Keni M. MAYOR

Page 24 ends

09/24/2024 Item No.2.

EXHIBIT ..A''

CITY OF FOLSOM

CONFLICT OF INTEREST CODE

APPENDIX OF DESIGNATED OFFICIALS/EMPLOYEES
I. Desispated Positions.

The positions listed below constitute the list of designated positions required by th" City of Folsom's conflict of interest code (Folsom Munioingl Code Chapter 2.34). Individuals holding these positions as designated publii offrciils, officials, employees and consultants as defined in Government Code Seciion g20tq et seq. are deemed to make or participate in the making of decisions which may foreseeably have a material effect on any financial interest. The individuals occupying the designated positions shall disclose their economic interests in accordance with tire corresponding disclosure categories, defined in Exhibit B.

Resolution No, 10900
Page2 of 6
A dix of D ted Positions
Disclosure CategoriesAppointed OfficialslPositions Title Attorn ts
1 Assistant
fi1er*
4 Clerk's t
1 Clerk
2Clerk
87200 filers*ci Council Members
(City Council Members also file as Public Financing AuthoritY Members
87200 filers*c Council Candidates
rtments
87200 filer*
2Director

Page 25 ends

09/24/2024 Item No.2.

Commission/Com mittee Members
4Arts and Culture Commission
J 4Historic District Commission
J 4&, District Committee
43Commission
J 4Parks and Recreation Commission
J 4Traffic Committee
3 4U Commission
Comm ent
3 4Arborist
JAssistant Planner
2 5Associate Civil
Associate Planner
3 4vil
J 4
IOffrcial / Services
JCode Enforcement Officer I/II
4Code Enforcement
1Director
J 4Construction VII
4)Plan Check
1 ICivil
J 4Planner
4Senior B
JSenior Civil
5Senior Code Enforcement Officer
1 Senior Technician I/II
J 4Senior Planner
Environmenta I and Water Resources rtment
JAssociate Civil IDirector of Environmental/W ater Resources J 4PW i Utilities Section
JSenior Civil
4maintenance
4Water Distribution
2Water Coordinator
2 4Water Treatment Plant
2 4Wastewater Collection
Resolution No. 10900

Page 3 ends

Page 26 ends

09/24/2024 Item No.2.
f inance Department
Chief Financial Officer / Finance Director 87200 filer* 2 Senior Financial aL
Financial Services Manager 1
Information 2
Revenue Supervisor 1
Fire De rtment
Administrative Assistant 2
Administrative Technician 2
F 2
Fire Battalion Chief 2
Fire Chief I
Fire Division Chief )
Fire Prevention Officer 2
Human Resources Department
Human Resources Director 1
Senior Management Analyst 2
Librarv Services
Library Manager 1
Parks and Recreation ent
and Cultural Services 2.3
Facilities Maintenance Supervisor 2,3
Municipal Landscape Services Manager 2.3
Municipal Landscape Services 2,3
Parks and Recreation Director I
Parks / Facilities Maintenance Msneser 2,3
Parks Maintenance 2,3
Recreation Supervisor 2.3
Senior Management Analyst 2.3
Senior Parks Planner 2,3
Senior Trails Planner 2.3
Zoo Manager 2,3
Resolution No. 10900

Page 4 ends

Page 27 ends

09/24/2024 Item No.2.

Planning Commission Members 87200 filers*
Police Department
Animal Control Offrcer 2.4
Police Chief 1
Police Commander 2
Police Lieutenant 4
Public Works Department
Associate Civil Eneineer 2,3
Construction Inspector I/II 2.3
Public Works Director I
Environmental Specialist 2,4
Managsment Analyst 2
PW / Utilities Section Manaser 2.3.4
Public Works Section Manager (Engineer) 2,3,4
Senior Civil Bngineer 2,3
Senior Management Analyst 2,4
Streets Operations Supervisor 2"3
Solid Waste / Fleet Manager 2,4
Traffic Control i Liehtine Supervisor 2,4
* *872A0 Filer(s)" refers to filers identified within Government Code section872Q0 et seq, This section establishes certain requirements for members of planning commissions, mayors, city managers, city attorneys, crff treasurers, members of city councils, other public offrcials who manage public investments, and candidates for any of these offices to file statements of economic interest disclosing investments, interests in real property (excluding principal or personal residence) and any income received.

ResolutionNo. 10900

Page 5 ends

Page 28 ends

09/24/2024 Item No.2.

EXHIBIT "B''

CITY OF FOLSOM

CONFLICT OF INTEREST CODE

DISCLOSURE CATEGORIES
Dlrelogure Catosories
Category 1- Officials and employees whose duties are broad and indefinable:

Investments and business positions in business entities, and income including loans, gifts, and travel payments from sources located in or doing business in the jurisdiction.

Category 2 - Oflicials and employees whose duties involve contracting or purchasing:

Investments and business positions in business entities and sources of income including those that provide services, supplies, materials, machinery or equipment of the type utilized by the CitY.

Category 3 - Officials and employees whose decisions may affect real property interests:

Engage in land development, construction or the acquisition or sale of real property.

Interests in real property located within the jurisdiction, including property located within a two-mile radius of any property owned or used by the City' Category 4 - Officials and employees with regulatory powers:

Regulations Regarding Gifts
Gifts from outside the agency's jurisdiction shall not be required to be reported if the purpose of disclosure of the gift does not have some connection with or bearing upon the duties of the position. (18730.1, Tit\e2, Div 6, CA Code of Regulations) Resolution No. 10900

Page 6 of 6 ends

Page 29 ends

09/24/2024 Item No.2.

This poge is intentiono,IlA l"ft blonk
to focilitate doable- sided printing
and minimize paper ttse.

CITY OF
DISTINCTIVE BY NATURg
FOLSOl\{

Page 30 ends

09/24/2024 Item No.2.

Folsom City Council
Staff ort

RECO ATION / CITY C ACTION
The Office of Management and Budget respectfully requests the City Council approve Resolution No. 1 126l - A Resolution Authorizingthe City Manager to Execute a Contract Renewal/Extension with Dell for the Microsoft Enterprise Agreement

BACKGROUND / ISSUE
The City has contracted with Dell through the Microsoft Enterprise Agreement for office365 software and services for the past i3 years. The current contract with Dell was awarded for 3 years, starting in Septemb er 202I based on price, service, and technology needs. We are constantly striving to find better, more effective ways to increase employee efficiencies while providing stable, consistent, industry leading software. Microsoft Enterprise Agreement has been instrumental in assisting City Information Technology staff with that task. Staff would like to extend our current soflware contract for 36 months to continue to take advantage of Microsoft's software and services.

POLICY / RULE
In accordance with Chapter 2.36 of the Folsom Municipal Code, supplies, equipment, services, and construction with a value of $73,209 or greater shall be awarded by City Council. 1 MEETING DATE: 912412024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 126I - A Resolution Authorizing the City Manager to Execute a Contract Renewal/Extension with Dell for the Microsoft Enterprise Agreement
FROM: Finance Department

ANALYSIS

Page 31 ends

09/24/2024 Item No.3.

Renewing the Microsoft Enterprise Agreement allows us a wide range of benefits that enhance productivity, collaboration, and security, along with key advantages: access to Premium apps, cloud storage, collaboration tools, security, flexibility to use multiple devices, business continuity with cloud services, cost optimization, remote working for field crews, all on a common IT platform across the city organization. This allows staff to consistently, and dynamically manage our software licensing program. Microsoft's stable, consistent, industry leading software has worked well for the City for the past 13 years and IT staff recommends that we continue with this service. A three-year agreement helps us to lock in the pricing. The cost for the Agreement is $376,940.67 anrtually for the three-year period'

FINANCIAL IMPACT
Sufficient funds for Year 1 of this contract are budgeted and available in the FY 2024-25 Budget in the Information Technology Department of the General Fund (Fund 010). Funds for Year 2 and Year 3 will be included in subsequent budgets. There is an increase in pricing over the current contract related to an industry standard software price increase, expanded security services, expanded discovery services for public request, as well an enhanced support contract' The yearly cost for the Microsoft contractis $376,940.67 for the next three years, for a total contract amount of $1,130,822.0I.

ATTACHMENTS

1. Resolution No. 1 126l - A Resolution Authorizing the City Manager to Execute a Contract Renewal/Extension with Dell for the Microsoft Enterprise Agreement.

2. Dell Quote Microsoft Enterprise Agreement for 3 Years of Service Submitted,
Stacey Tamagni
Chief Financial Officer
2 Page 32
09/24/2024 Item No.3.

Attachment I

Page 33 ends

09/24/2024 Item No.3.

RE,SOLUTION NO. IL26I

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A

CONTRACT RENEWAL/EXTENSION WITH DELL FOR THE MICROSOFT

ENTERPRISE AGREEMENT
WHEREAS, the City's contract with Dell for the Microsoft Enterprise Agreement is up for renewal; and
WHEREAS, a renewal of the Microsoft Enterprise Agreement will allow the City to maintain software standards while improving compatibility, future upgrades, and providing more robust anti-virus/intrusion detection, E-Discovery, product support; and WHEREAS, the costto implementthe contract is $376,940.67 peryear for a 3-yearperiod, for a total contract amount of $1,130,822.0I and
WHEREAS, sufficient funds for Year 1 of this contract are budgeted and available in the FY 2024-25 Budget in the Information Technology Department of the General Fund (Fund 010), and funds for Year 2 and Year 3 will be included in subsequent budgets; 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 a contract renewal/extension with Dell for the Microsoft Enterprise Agreement in the amount of $1,130,822.01.

PASSED AND ADOPTED this24 day of September 2024,by the following roll-call vote AYES: Councilmember(s):

NOES: Councilmember(s):

ABSENT: Councilmember(s):

ABSTAIN: Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST
Christa Freemantle, CITY CLERK
Resolution No. 11261
Page I of I Page 34
09/24/2024 Item No.3.

Attachment 2

Page 35 ends

09/24/2024 Item No.3.
xil.

Microsoft Enterprise Agreement (EAl#: 189769aa, estimate of renewal term efledive I0h/20241
Customer: City of Folsom
Dell Cuelarer Confidenlial
Quotation
oate of lssue:
quote Expires:

Sam Andrews
[email protected]
512 720 4469
9/t3/2024
r0/10/2024
PLEA$E 5EE IMPORTAiII TERIT$ AIID COI{DMOiIf AT THE €OTTOfi gF filf, qUOTATIO'I ExL
Products Online Services
AAD-34704 638 12 s31,s0 s241,164.00M355 G3 Unified FUSL GCC Sub Per User t2 S6,80 s1,632.00AAD-63092 20M355 F3 Unified GCC Sub Per User 20 T2 Sr.22 $292.803MS.00002
Exchange Online Pl GCCsU Exchange Online Kiosk Per Uset (this upgrades the 2qb limit of the F3 plon to 50qb)
Additional Products
6 s634.22 S3,80s.327NQ-00292sQL Seruer Standard Core ALng SA 2L s153.106VC-01254 7 s23.30Win Remote DesktoD Seruices CAL A[ns SA UCAL s989.92 57,919.369EA-00273 8
Win Seruer DC Core A[ng sA 151 (quontity 8 of this 16-core sKU gives you 128 cores)
Slso.ss s4,36s.959EM-00257 29
Win Seruer Standard Core ALng SA 16L (quontity 29 ofthis lGcore SKU gives vou 454 cores)
3L2-02257 1 sL25.22 5L25.22Exchange Seruer Standard ALng sA Additiondt Onllne Seuices
8ZZ-00001 638 t2 sr0.s1 s80,464.s6M365 G5 Securitv GCC Sub Per User 72 54.47 534,222.328Rr-00005 638M365 G5 eDiscovery & Audit GCC Sub Add-on 20 t2 S11.os 52,652.0091C-00004
M365 F5 Security + Compliance GCC Sub Add-on (covers both F5 security + Adv eDiscovery & more for the 20 Fi users)
s134.04P3U.00001 t t2 SLr.r7Visio P2 GCC Sub Per User
L2 So.oo s0.00NYH-00001 658Teams AC with DiaFOut US/CA GCC Sub Per User ($0'00 add-on) vRM-00001 6s8 L2 s0.00 So.ooWin OLS Activation User GCC Sub Per User Total Annual Payment Yr 2
Grand Total
Total Annual Yr3
tl GUEtqraru Frm*a h !ftlml to et't lrm ilt cafiiltlsr d lll. md Itffi.xlr$,ilm, w{*r Gfr&mt h$ r s}{rtb FuEhls n[Frmchtrllh o!{t.
tl totiduro tlr l! Emrd ft lhr uchh ton ldnii nh ytlt lndR Flsie lndhalo Fs toslllt !ht{r m tsrFlruhml Ns.naxs]t G ulinftd filrt hes ar E)cm[llon trrtftt{tE oF aI4
!! lt tou Nw r aertan * lNr lu ttlh[. lhN tstlot lw Der E al aP' tdilraln hild ldc n0riaaRbttn lllttri lbw.ulh{rrEh no sllllqmlol lot qarhln pEdrnh, r ttrir ErsmGmtll F* ol !p b lll plr llim GrI *.dt.d ts M hrdEr Frh$ rlq sqt Filxt t|lr tir lltsi notaii, Fot mN tdlbmdtoi. Ellr to Hr.tlrllmfr nrhmmrFttti..
{l
6l
tl
alt Fodrct diHnF[m rtrd Fll!.i m br*doF ltlattlFMJtDi ivlllHifid s Ml*l io NrIf, riiqrt roht. or obl$don.

All prltfi rE bwd N tLt lt Ttm!. llnotdhdn" hl!Iln!, iilrdl&B, taH6. rd othor DR sll s rttosdrttr. tfrr ofqd*, rhtE tFpuNtL. ftFReFtrttotra su ntumrilrbtlut{ Ellllllne
acrfllid{E. tlrt dl f,rmtrUr}rF rlblst lt fti eh[|mlunr" pttllihr ot

Page 36 ends

09/24/2024 Item No.3.

Folsom City Council
Staff ort
MEETING DATE: 912412024
AGENDA SECTION: Consent Calendar
SUBJECT: ResolutionNo. 1 1262 - A Resolution Authorizing the City Manager to Execute an Agreement with Environmental Systems Research Institute, Inc (ESRI) to RenedExtend Contract for Geographic Information System (GIS) Software
FROM: Finance Department
RECO NDATION / COI]NCIL ON
The Office of Management and Budget respectfully request the City Council approve Resolution No. 1 1262 -A Resolution Authorizingthe City Manager to Execute an Agreement with Environmental Systems Research Institute, Inc (ESRI) to RenedExtend Contract for Geographic Information System (GIS) Software.

BACKGROUND / ISSUE
The City has contracted with ESRI for Enterprise GIS software for the past ten years. The current contract with ESRI was awarded for three years, starting in Septembet 2021 based on price, service, technology. The City's Information Technology staff is constantly striving to find better, more effrcient ways to increase employee productivity within a constrained budget environment.

ESRI software has been instrumental in assisting City Information Technology staff with providing GIS services to the City and its staff. Staff would like to extend our current software contract for an additional 36 months.

POLICY / RULE
In accordance with Chapter 2.36 of the Folsom Municipal Code, supplies, equipment, services, and construction with a value of $73,209 or greater shall be awarded by City Council. 1

Page 37 ends

09/24/2024 Item No.4.

ANALYSIS
ESRI's Enterprise GIS Software is used on a daily basis to provide vital mapping services, along with data collection services, to every department throughout the city. This includes Public Safety (Police and Fire), EWR (Environmental Water Resources), Public Works, Community Development, Finance,Lrbrary, City Council, City Manager's Office, and Parks and Recreation.

Without ESRI software the City would not be able to provide subdivision maps, utility maps such as sewer pipes, water pipes, hydrants, valves, new streets, utility poles, etc. It would not allow us to provide district maps, park maps, surveys, to the general public. ESRI's Enterprise GIS Software has become an essential aspect of day-to-day operations and staff recommends renewing/extending the ESRI contract.

FINANCIA I,IMPACT
Sufficient funds for Year 1 of this contract are budgeted and available in the FY 2024-25 General Fund (Fund 010) budget. Funds for Year 2 and Year 3 will be included in subsequent budgets. The annual cost for the ESRI contract is $64,400 for the next three years, for a total contract amount of $193,200.

ATTACHMENTS

1. Resolution No. 1 1262 - A Resolution Authorizingthe City Manager to Execute an Agreement with Environmental Systems Research Institute, Inc (ESRI) to RenedExtend Contract for Geographic Information System (GIS) Software

2. ESRI (GIS Service) Quote for 3 yrs of service
Submitted,
Stacey Tamagni
Chief Financial Officer
2 Page 38
09/24/2024 Item No.4.

Attachment I
aJ Page 39
09/24/2024 Item No.4.

RESOLUTION NO. 11262

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AN

AGREEMENT WITH ENVIRONMENTAL SYSTEMS RESEARCH INSTITUTE, INC (ESRI) TO RENEWEXTEND CONTRACT FOR GEOGRAPHIC INFORMATION

SYSTEM (GIS) SOFTWARE
WHEREAS, the City's contract with ESRI for GIS Software is up for renewal; and WHEREAS, a renewal of the contract with ESRI allows the city to continue to standardize GIS software services while improving compatibility, future upgrades, and city staff efficiencies while reducing overall cost; and
WHEREAS, the cost to implement the contract is $64,400 annually for a 3-year period, for a total contract amount of $193,200; and
WHEREAS, sufficient funds for Year 1 of this contract are budgeted and available in the FY 2024-25 General Fund (Fund 010) budget and funds for Year 2 andYear 3 will be included in subsequent budgets; 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 a contract with Environmental Systems Research Institute, Inc (ESRI) to Renew/Extend Contract for Geographic Information System (GIS) Software in the amount of $193,200.
pASSED AND ADOPTED this24 day of September 2024,by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. 11262
Page I of I Page 40
09/24/2024 Item No.4.

Attachm ent 2
4 Page 41
09/24/2024 Item No.4.
oesrI

SCIENCE
Environmental Systems Research lnstitute, lnc.
380 New York St
Redlands, CA 92373-81 00
Phone: (909) 793-2853
DUNS Number: 06-313-4175 CAGE Gode: 0AMS3
To expedite your order, prease attach a cop1tr of
this quotation to your purchase order.

Quote is valid from: 7/2/2024 To: 9/30/2024
Quotation # Q-501185
Date: July 2,2024
Customer # 275022

AGREEMENT
Contract # ENTERPRISh
City of Folsom
GIS/IT
50 Natoma St
Folsom, CA 95630-2614
ATTENTION: Kate Cassera
PHONE: 916-461-6915
EMAIL: [email protected]
a lHt
OF
wHttt'
Material ,, Oty i Term Unit Price
168179 1 Yeart $58'5oo'oo
populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription Total
$58,500.00
168179 1 Yearz $58'5oo'oo
populations of 50,00'l to 100,000 Small Government Enterprise Agreement Annual Subscription $58,500.00
1 681 79 1 Year 3 $58,500.00 $58,500.00
populations of 50,00'l to 100,000 Small Government Enterprise Agreement Annual Subscription 168441 1 Year t $5,900'00 $5'900'00
ArcGlS GeoEvent Server populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription 168441 1 Year z $5,900'00 $5'900'00
ArcGlS GeoEvent Server populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription 168441 1 Year g $5,900'00 $5'900'00
ArcGlS GeoEvent Server populations of 50,001 to 100,000 Small Government Enterprise Agreement Annual Subscription Esri may charge a fee to cover expenses related to any customer requirement to use a proprietary vendor management, procurement, or invoice program.

For questions contact
Michael Arias
Email:
[email protected]
Phone:
(90e) 793-2853
ARIASM This offer is limited to the terms and conditions incorporated and attached herein.Page 42 09/24/2024 Item No.4.

Oesri l#*::::

Environmental Systems Research lnstitute, lnc.
380 New York St
Redlands, GA 92373-81 00
Phone: (909) 793-2853
DUNS Number: O6-313-4175 CAGE Gode: 0AMS3
To expedite your order, please attach a copy of
this quotation to your purchase order.

Quofe is valid from: 7/2/2024 To: 9/30/2024
Quotation # Q-501185
Date: July 2,2024
Gustomer # 275022

AGREEMENT
Contract # ENTERPRISE
City of Folsom
GIS/IT
50 Natoma St
Folsom, CA 95630-2614
ATTENTION: Kate Cassera
PHONE: 916-461-6915
EMAIL: [email protected]
Subtotal:

Sales Tax:

Estimated Shipping and Handling (2 Day Delivery):

Contract Price Adiust:
$193,200.00
$o.oo
$o.oo
$0.00
Total: $193,200.00
For questions contact:

Michael Arias
Email:
[email protected]
Phone:
(90e) 793-2853
Esri may charge a fee to cover expens6 related to any customer requirement to use a proprietary vendor management, procurement, or invoice program.

ARIASM This offer is limited to the terms and conditions incorporated and attached hereinPage 43 09/24/2024 Item No.4.

SClgNCE
Environmental Systems Research lnstitute, lnc.
380 New York St
Redlands, CA 92373-8100
Phone: (909) 793-2853
DUNS Number: O6-313-4175 CAGE Gode: 0AMS3
To expedite your order, please attach a copy of
this quotation to your purchase order.

Quote is valid from: 7/2/2024 To: 9/30/2024
Quotation # Q-501185
Date: July 2,2024
Customer # 275022 Contract # ENTERPRISE

AGREEMENT
City of Folsom
GIS/IT
50 Natoma St
Folsom, CA 95630-2614
ATTENTION: Kate Cassera
PHONE: 916-461-6915
EMAIL: [email protected]
a
rIes
fHz
OF
wfilRt'
lf you have made ANY alterations to the line items included in this quote Esri the signed quote in its entirety in order for the quote to be accepted. and have chosen to sign the quote to indicate your acceptance, you must fax You will be contacted by your Customer Service Representative if additional information is required to complete your request.
lfyour organization is a US Federal, state, or local government agency; an educational facility; or a company that will not pay an invoice without having isiued a formal purchase order, a signed quotation will not be accepted unless it is accompanied by your purchase order. ln order to expedite processing, please reference the quotation number and any/all applicable Esri contract number(s) (e.9. MPA, ELA, SmartBuy' GSA' BPA) on your ordering document.

BY SIGNING BELOW, YOU CONFIRM THAT YOU ARE AUTHORIZED TO OBLIGATE FUNDS FOR YOUR ORGANIZATION, AND YOU ARE AUTHORIZING ESRI TO ISSUE AN INVOICE FOR THE ITEMS INCLUDED IN THE ABOVE QUOTE IN THE AMOUNT OF $-, PLUS SALES TAXES IF APPLICABLE. DO NOT USE THIS FORM IF YOUR ORGANIZATION WILL NOT HONOR AND PAY ESRI'S INVOICE WITHOUT ADDITIONAL AUTHORIZING PAPERWORK.

Please check one of the following:
_ I agree to pay any applicable sales tax.
_ I am tax exempt, please contact me if exempt information is not currently on file with Esri.

Signature of Authorized Representative Date
Name (Please Print)
Title
parties or used for any other purpose without consent from Environmental Systems Research lnstitute, lnc. (Esri).

Esri with a copy of a current tax exemption certiflcate issued by your state's taxing authority for the given jurisdiction Esri may charge a fee to cover expenses related to any customer requirement to use a proprietary vendor management, procurement, or invoice program.

For questions contact:

Vichael Arias
Email:
[email protected]
Phone:
(90e) 7e3-2853
The items on this quotation are subject to and governed by the terms of this quotation, the most current product specific scope of use document found at https://assets.esri.com/contenUdam/esrisites/media/legal/product-soecific-terms-of-use/e300.pdf, and your applicable signed agreement with Esri. lf no such agreement covers any item quoted, then Esri's standard terms and conditions found at https://go.esri.com/MAPS apply to your purchase of that item. lf any item is quoted with a multi-year payment schedule, then unless otherwise stated in this quotation, Customer is required io make all payments without right of cancellation. Third-party data sets included in a quotation as separately licensed items will only be provided and invoiced if Esri is able to provide such data and will be subject to the applicable third-party's terms and conditions. lf Esri is unable to provide any such data set, Customer will not be responsible for any further payments for the data set. US Federal government entities and US government prime contractors authorized under FAR 51.1 may purchase under the terms of Esri's GSA Federal Supply Schedule. Supplemental terms and conditions found at https:/Arvww.esri.com/en-us/legal/terms/state-supplemental apply to some US state and local government purchases. All ierms of this quotation will be incorporated into and become part of any additional agreement regarding Esri's offerings. Acceptance of this quotation is limited to the terms of this quotation. Esri objects to and expressly rejects any different or additional terms contained in any purchase order, offer, or confirmation sent to or to be sent by buyer. Unless prohibited by law, the quotation information is confidential and may not be copied or released other than for the express purpose of system selection and purchase/license. The information may not be given to outside parties or used for any other purpose without consent from Esri. Delivery is FOB Origin for customers located in the USA.

ARIASM This offer is limited to the terms and conditions incorporated and attached herein.Page 44 09/24/2024 Item No.4.

Esri Use Only:

Cust. Name
Cust. #
PO#
Esri Agreement #
a
'HE
OF
esn
sCIENCE
WHEiE

SMALL ENTERPRISE AGREEMENT

COUNTY AN D MUNICIPALITY GOVERNMENT
(E214-31
This Agreement is by and between the organization identified in the Quotation ("Gustomer")and Environmental Systems Research lnstitute, lnc. ("Esri").

This Agreement sets forth the terms for Customer's use of Products and incorporates by reference (i) the euotation and (ii) the Master Agreement. Should there be any conflict between the terms and conditions of the documents that comprise this Agreement, the order of precedence for the documents shall be as follows: (i) the Quotation, (ii) this Agreement, and (iii) the Master Agreement. This Agreement shall be governed by and construed in accordance with the laws of the state in which Customer is located without reference to conflict of laws principles, and the United States of America federal law shall govern in matters of intellectual property. The modifications and additional rights granted in this Agreement apply only to the Products listed in Table A.

Table A
List of Products
Uncapped Quantities
ilsom"are anu Extensions (single Use)
ArcGlS Desktop Advanced
ArcGlS Desktop Standard
ArcGlS Desktop Basic
ArcGlS Desktop Extensions:ArcGlS 3D Analyst,
ArcGlS Spatial Analyst, ArcGlS Geostatistical Analyst,
ArcGlS Publisher, ArcGlS Network Analyst, ArcGlS
Schematics, ArcGlS Workflow Manager, ArcGlS Data
Reviewer
Enterprise Software and Extensions
ArcGlS Enterprise (Advanced and Standard)
ArcGlS Monitor
ArcGlS Enterprise Extensions: ArcGlS 3D Analyst,
ArcGlS Spatial Analyst, ArcGlS Geostatistical Analyst,
ArcGlS Network Analyst, ArcGlS Schematics, ArcGlS
Workflow Manager, ArcGlS Data Reviewer
Enterprise Additional Capability Servers
ArcGlS lmage Server

OTHER BENEFITS
*Additional sets of backup media may be purchased for a fee Developer Tools
ArcGlS Runtime Standard
ArcGlS Runtime Analysis Extension
Limited Quantities
One (1) Professional subscription to ArcGlS Developer
Two (2) ArcGlS CityEngine Single Use Licenses
250 ArcGlS Online Viewers
250 ArcGlS Online Creators
37,500 ArcGlS Online Service Credits
250 ArcGlS Enterprise Creators
5 ArcGlS lnsights in ArcGlS Enterprise
5 ArcGlS lnsights in ArcGlS Online
50 ArcGlS Location Sharing User Type Extension (Enterprise) 50 ArcGlS Location Sharing User Type Extension (Online) 12 ArcGlS Advanced Editing User Type Extension (Enterprise) Number of Esri User Conference reg istrations provided annually 4 Number of Tier 1 Help Desk individuals authorized to call Esri 4 Maximum number of sets of backuP media, if requested* 2 Five percent (5%) discount on all individual commercially available instructor-led training classes at Esri facilities purchased outside this Agreement

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09/24/2024 Item No.4.

Customer may accept this Agreement by signing and returning the whole Agreement with (i) the Quotation attached, (ii) a purchase order, or (iii) another document that matches the Quotation and references this Agreement ("Ordering Document"). ADDITIONAL OR CONFLICTING TERMS lN CUSTOMER'S PURCHASE

ORDER OR OTHER DOCUMENT WILL NOT APPLY, AND THE TERMS OF THIS AGREEMENT WILL GOVERN. This Agreement is effective as of the date of Esri's receipt of an Ordering Document, unless otherwise agreed to by the parties ("Effective Date").

Term of Agreement: Three (3) vears
This Agreement supersedes any previous agreements, proposals, presentations, understandings, and arrangements between the parties relating to the licensing of the Products. Except as provided in Article 4- Product Updates, no modifications can be made to this Agreement.

Accepted and Agreed
(Customer)
By:

Authorized Signature
Printed Name:

Title:

Date:

CUSTOMER CONTACT INFORMATION
TelephoneContact:

Address:

Country
Fax:

City, State, Postal Code E-mail
Quotation Number (if applicable):

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09/24/2024 Item No.4.

I .O-AoorloNAL Drrturlorus
ln addition to the definitions provided in the Master
Agreement, the following definitions apply to this
Agreement:
"Case" means a failure of the Software or Online
Services to operate according to the Documentation
where such failure substantially impacts operational
or functional performance.
"Deploy", "Deployed" and "Deployment" mean to
redistribute and install the Products and related
Authorization Codes within Customer's
organization(s).
"Fee" means the fee set forth in the Quotation'
"Maintenance" means Tier 2 Support, Product
updates, and Product patches provided to Customer
during the Term of Agreement.
"Master Agreement" means the applicable master
agreement for Esri Products incorporated by this
reference that is (i)found at https://www.esri.com/en-
us/leoal/terms/full-master-ao reement and avai lable i n the installation process requiring acceptance by
electronic acknowledgment or (ii) a signed Esri
master agreement or license agreement that
supersedes such electronically acknowledged
master agreement.
"Product(s)" means the products identified in
Table A-List of Products and any updates to the list
Esri provides in writing.
"Quotation" means the offer letter and quotation
provided separately to Customer.
"Technical Support" means the technical
assistance for attempting resolution of a reported
Case through error correction, patches, hot fixes,
workarounds, replacement deliveries, or any other
type of Product corrections or modifications.
"Tier 1 Help Desk" means Customer's point of
contact(s) to provide all Tier 1 Support within
Customer's organization(s).
"Tier 1 Support" means the Technical Support
provided by the Tier 1 HelP Desk.
"Tier 2 Support" means the Esri Technical Support
provided to the Tier 1 Help Desk when a Case
cannot be resolved through Tier 1 Support.

2.O-ApornoNAL Gnanr oF LlcENsE

2.1 Grant of License. Subject to the terms and
conditions of this Agreement, Esri grants to
Customer a personal, nonexclusive,
nontransferable license solely to use, copy, and
Deploy quantities of the Products listed in
Table A-List of Products for the Term of
Agreement (i) for the applicable Fee and (ii) in
accordance with the Master Agreement.

2.2 Gonsultant Access. Esri grants Customer the
right to permit Customer's consultants or
contractors to use the Products exclusively for
Customer's benefit. Customer will be solely
responsible for compliance by consultants and
contractors with this Agreement and will ensure
that the consultant or contractor discontinues
use of Products upon completion of work for
Customer. Access to or use of Products by
consultants or contractors not exclusively for
Customer's benefit is prohibited. Customer may
not permit its consultants or contractors to install
Software or Data on consultant, contractor, or
third-party computers or remove Software or
Data from Customer locations, except for the
purpose of hosting the Software or Data on
Contractor servers for the benefit of Customer.

3.0-Tenru, TrnulruattoN, AND Explnnrtoru

3.1 Term. This Agreement and all licenses
hereunder will commence on the Effective Date
and continue for the duration identified in the
Term of Agreement, unless this Agreement is
terminated earlier as provided herein. Customer
is only authorized to use Products during the
Term of Agreement. For an Agreement with a
limited term, Esri does not grant Customer an
indefinite or a perpetual license to Products.

3.2 No Use upon Agreement Expiration or
Termination. All Product licenses, all
Maintenance, and Esri User Conference
registrations terminate upon expiration or
termination of this Agreement.

3.3 Termination for a Material Breach. Either party
may terminate this Agreement for a material
breach by the other party. The breaching party
will have thirty (30) days from the date of written
notice to cure any material breach.

3.4 Termination for Lack of Funds. For an
Agreement with government or government-

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09/24/2024 Item No.4.
owned entities, either party may terminate this
Agreement before any subsequent year if
Customer is unable to secure funding through
the legislative or governing body's approval
process.

3.5 Follow-on Term. lf the parties enter into
another agreement substantially similar to this
Agreement for an additional term, the effective
date of the follow-on agreement will be the day
after the expiration date of this Agreement.

4.O-Pnooucr UPDATES

4.1 Future Updates. Esri reserves the right to
update the list of Products in Table A-List of
Products by providing written notice to
Customer. Customer may continue to use all
Products that have been Deployed, but support
and upgrades for deleted items may not be
available. As new Products are incorporated into
the standard program, they will be offered to
Customer via written notice for incorporation into
the Products schedule at no additional charge.

Customer's use of new or updated Products
requires Customer to adhere to applicable
additional or revised terms and conditions in the
Master Agreement.

4.2 Product Life Gycle. During the Term of
Agreement, some Products may be retired or
may no longer be available to Deploy in the
identified quantities. Maintenance will be subject
to the individual Product Life Cycle Support
Status and Product Life Cycle Support Policy,
which can be found at
https ://suoport.esri. com/en/other-
resources/oroduct-life-cycle. U pdates for
Products in the mature and retired phases may
not be available. Customer may continue to use
Products already Deployed, but Customer will
not be able to Deploy retired Products.

5.0-MatruTENANcE
The Fee includes standard maintenance benefits
during the Term of Agreement as specified in the
most current applicable Esri Maintenance and
Support Program document (found at
httos ://www. esri. co m/e n-
us/leqal/terms/maintenance). At Esri's sole
discretion, Esri may make patches, hot fixes, or
updates available for download. No Software other
than the defined Products will receive Maintenance.

Customer may acquire maintenance for other
Software outside this Agreement.
a. Tier I Support

1. Customer will provide Tier 1 Support
through the Tier 1 Help Desk to all
Customer's authorized users.

2. The Tier 1 Help Desk will be fully trained in
the Products.

3. At a minimum, Tier 1 Support will include
those activities that assist the user in
resolving how-to and operational questions
as well as questions on installation and
troubleshooting procedures.

4. The Tier 1 Help Desk will be the initial point
of contact for all questions and reporting of a
Case. The Tier '1 Help Desk will obtain a full
description of each reported Case and the
system configuration from the user. This
may include obtaining any customizations,
code samples, or data involved in the Case.

5. lf the Tier 1 Help Desk cannot resolve the
Case, an authorized Tier 1 Help Desk
individual may contact Tier 2 Support. The
Tier 1 Help Desk will provide support in such
a way as to minimize repeat calls and make
solutions to problems available to
Customer's organ ization.

6. Tier 1 Help Desk individuals are the only
individuals authorized to contact Tier 2
Support. Customer may change the Tier 1
Help Desk individuals by written notice to
Esri.
b. Tier 2 Support

1. Tier 2 Support will log the calls received
from Tier 1 Help Desk.

2. Tier 2 Support will review all information
collected by and received from the Tier 1
Help Desk including preliminary documented
troubleshooting provided by the Tier 1 Help
Desk when Tier 2 Support is required.

3. Tier 2 Support may request that Tier 1 Help
Desk individuals provide verification of
information, additional information, or
answers to additional questions to

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09/24/2024 Item No.4.
supplement any preliminary information
gathering or troubleshooting performed by
Tier 1 Help Desk.

4. Tier 2 Support will attempt to resolve the
Case submitted by Tier 1 Help Desk.

5. When the Case is resolved, Tier 2 Support
will communicate the information to Tier 1
Help Desk, and Tier 1 Help Desk will
disseminate the resolution to the user(s).

6.O-ETooRSEMENT AND PuBLIctrY
This Agreement will not be construed or interpreted
as an exclusive dealings agreement or Customer's
endorsement of Products. Either party may publicize
the existence of this Agreement.

7.0-AonarNrsrRATrvE Reeutnemenrs

7.1 OEM Licenses. Under Esri's OEM or Solution
OEM programs, OEM partners are authorized to
embed or bundle portions of Esri products and
services with their application or service. OEM
partners'business model, licensing terms and
conditions, and pricing are independent of this
Agreement. Customer will not seek any discount
from the OEM partner or Esri based on the
availability of Products under this Agreement.

Customer will not decouple Esri products or
services from the OEM partners' application or
service.

7.2 Annual Report of Deployments. At each
anniversary date and ninety (90) calendar days
prior to the expiration of this Agreement,
Customer will provide Esri with a written report
detailing all Deployments. Upon request,
Customer will provide records sufficient to verify
the accuracy ofthe annual report.

8.0-OnoeRrNG, ADMrNrsrRATrvE
Pnoceounes, DELvERY, AND
Deplovt'rerur

8.1 Orders, Delivery, and Deployment
a. Upon the Effective Date, Esri will invoice
Customer and provide Authorization Codes to
activate the nondestructive copy protection
program that enables Customer to download,
operate, or allow access to the Products. lf this
is a multi-year Agreement, Esri may invoice the
Fee up to thirty (30) calendar days before the
annual anniversary date for each year.
b. Undisputed invoices will be due and payable
within thirty (30) calendar days from the date of
invoice. Esri reserves the right to suspend
Customer's access to and use of Products if
Customer fails to pay any undisputed amount
owed on or before its due date. Esri may charge
Customer interest at a monthly rate equal to the
lesser of one percent (1.0%) per month or the
maximum rate permitted by applicable law on
any overdue fees plus all expenses of collection
for any overdue balance that remains unpaid
ten (10) days after Esri has notified Customer of
the past-due balance.
c. Esri's federal lD number is 95-2775-732
d. lf requested, Esri will ship backup media to the
ship-to address identified on the Ordering
Document, FOB Destination, with shipping
charges prepaid. Customer acknowledges that
should sales or use taxes become due as a
result of any shipments of tangible media, Esri
has a right to invoice and Customer will pay any
such sales or use tax associated with the receipt
of tangible media.

8.2 Order Requirements. Esri does not require
Customer to issue a purchase order. Customer
may submit a purchase order in accordance with
its own process requirements, provided that if
Customer issues a purchase order, Customer
will submit its initial purchase order on the
Effective Date. lf this is a multi-year Agreement,
Customer will submit subsequent purchase
orders to Esri at least thirty (30) calendar days
before the annual anniversary date for each
. year.
a. All orders pertaining to this Agreement will be
processed through Customer's centralized point
of contact.
b. The following information will be included in
each Ordering Document:
(1) Customer name; Esri customer number, if
known; and bill-to and ship{o addresses
(2) Order number
(3) Applicable annual payment due

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09/24/2024 Item No.4.

9.0-MencERs, AceutstnoNs, oR

DIVESTITURES
lf Customer is a commercial entity, Customer will
notify Esri in writing in the event of (i) a
consolidation, merger, or reorganization of Customer
with or into another corporation or entity;
(ii) Customer's acquisition of another entity; or (iii) a transfer or sale of all or part of Customer's
organization (subsections i, ii, and iii, collectively
referred to as "Ownership Change"). There will be
no decrease in Fee as a result of any Ownership
Change.

9.1 lf an Ownership Change increases the
cumulative program count beyond the maximum
level for this Agreement, Esri reserves the right
to increase the Fee or terminate this Agreement
and the parties will negotiate a new agreement.

9.2 lf an Ownership Change results in transfer or
sale of a portion of Customer's organization, that
portion of Customer's organization will transfer
the Products to Customer or uninstall, remove,
and destroy all copies of the Products.

9.3 This Agreement may not be assigned to a
successor entity as a result of an Ownership
Change unless approved by Esri in writing in
advance. lf the assignment to the new entity is
not approved, Customer will require any
successor entity to uninstall, remove, and
destroy the Products. This Agreement will
terminate upon such Ownership Change.

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09/24/2024 Item No.4.

FOT.S()M
Dt!rriarrvt lY NAt!Rt
Folsom City Council
Staff Re ort

ATION / CITY C
The Parks and Recreation Department recommends that the City Council pass and adopt Resolution No. 11264- A Resolution Authorizingthe City Manager to Execute a Construction Agreement with Central Valley Engineering, Inc., for the Construction of Sidewalks on Old Ranch Way and Savannah Parkway at Neighborhood Park2 in the Folsom Plan Area and Appropriation of Funds

BACKGROUND / ISSUE
Subdivision street improvements for Mangini Ranch Phase II in the Folsom Plan Area did not include sidewalks along Old Ranch Way and Savannah Parkway at the location of the future Neighborhood Park 2 site. These sidewalks were intended to be installed at the time of development of Neighborhood Park2, which is anticipated to begin the design phase in Fiscal Year 2025-26.

Directly to the east of the Neighborhood Park 2 site, and sharing a property line, is Alder Creek Elementary School, which recently opened in August 2024. It became apparent that sidewalks needed to be installed along Old Ranch Way and Savannah Parkway to provide safe routes to school prior to the development of Neighborhood Park2, which, as mentioned above, is anticipated to start the design process in Fiscal Year 2025-26. The Public Works Department requested bids from qualified contractors for the construction of approximately seven-hundred sixty (760) linear feet of six (6) foot wide concrete sidewalk. 1 MEETING DATE: 9t2412024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1264- A Resolution Authorizing the City Manager to Execute a Construction Agreement with Central Valley Engineering, Inc., for the Construction of Sidewalks on Old Ranch Way and Savannah Parkway at Neighborhood Park2 in the Folsom Plan Area and Appropriation of Funds
FROM: Parks and Recreation Department

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09/24/2024 Item No.5.

POLICY / RULE
Section 2.36.080, Award of Contracts of the Folsom Municipal Code states, in part, that contracts for supplies, equipment, services, and construction with an estimated value of $73,209 or greater shall be awarded by City Council.

ANALYSIS
Public Works staff requested bids from three contractors and those bids were received on August 14, 15, and21,2024.

The three bids received, are as follows:
o Central Valley Engineering & Asphalt, Inc.
o B&M Builders,Inc.
o All American Construction,Inc.
$101,869.00
$ 104,283.00
$106,800.00
The Engineer's Estimate for the project was $100,000. The Public Works Department found the bids to be in order and recommends that the contract be awarded to the low bidder, Central Valley Engineering & Asphalt, Inc. Staff will use the City's standard agreement in a form acceptable to the City Attorney

FINANCIAL IMPACT
The contract with Central Valley Engineering & Asphalt, Inc. would be authorized for $101,869.00, with atotalnotto exceed amount of $112,056.00. This includes atenpercent contingency in the amount of $ 10,187.00.

Sufficient funds for this contract are available in the Folsom Specific Plan Area Capital Improvement Fund (FrNtd a7\.

ENVIRONMENTAL REVIEW
This project has been deemed Categorically Exempt from California Environmental Quality Act (CEQA) environmental review based on Class 1: Minor Alteration of Existing Facilities.

ATTACHMENTS
Resolution No. 1 1 264- A Resolution Authori zing the City Manager to Execute a Construction Agreement with Central Valley Engineering, Inc., for the Construction of Sidewalks on Old Ranch Way and Savannah Parkway at Neighborhood Park} in the Folsom Plan Area and Appropriation of Funds
Submitted,
Kelly Gonzalez, Parks and Recreation Director
2 Page 52
09/24/2024 Item No.5.

RESOLUTION NO. 11264

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A
CONSTRUCTION AGREEMENT WITH CENTRAL VALLEY ENGINEERING,INC., FOR THE CONSTRUCTION OF SIDEWALKS ON OLD RAI\CH WAY AND SAVANNAH PARKWAY AT NEIGHBORHOOD PARK 2 IN THE FOLSOM PLAN AREA AND

APPROPRIATION OF FUNDS
WHEREAS, the City of Folsom desires to provide safe routes to schools; and WHEREAS, sidewalks along Old Ranch Way and Savannah Parkway, at the future Neighborhood Park 2 site, which is adjacent to the recently opened Alder Creek Elementary School, were not installed with Mangini Ranch Phase 2 Street Improvements; and WHEREAS, bids were requested from three contractors, with Central Valley Engineering & Asphalt being the lowest responsive and responsible bidder; and WHER-EAS, sufficient funds are available in the Folsom Specific Plan Area Capital Improvement Fund (Fund 472); 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 a Construction Agreement with Central Valley Engineering & Asphalt, Inc. for the Construction of Sidewalks on Old Ranch Way and Savannah Parkway at Neighborhood Park 2 inthe Folsom Plan Area in the amount of $ 101,869.00 with the budgeted amount to include a 10%o contingency of $10,187, for a total not to exceed amount of $112,056.00.

BE IT FURTHER RESOLVED that the Finance Director is authorized to appropriate $112,056 in the Folsom Specific Plan Area Capital Improvement Fund (Fund 472) for this agreement.

PASSED AND ADOPTED this24th day of September, 2024,by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ATTEST:

Councilmember(s):

Michael D. Kozlowski, MAYOR
Christa Freemantle, CITY CLERK
Resolution No. 11264

Page 1 of 1 ends

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09/24/2024 Item No.5.

This poge is intentionallA left blCInk
to focilitate doable- sided printing
and minimize paper trse.

CITY OF

DISTINCTIVE BY NATURE
FOLSOl\[

Page 54 ends

09/24/2024 Item No.5.

Folsom City Council
Staff ort

RECOMMENDATION / COIINCIL ACTION
The Environmental and Water Resources Department recommends the City Council pass and adopt Resolution No. 11265 - A Resolution Authorizing the City Manager to Execute Amendment No. 3 to the Agreement (Contract No. 173-21 20-031) with HydroScience Engineers, Inc. for Design Services for the Ashland Water Rehabilitation ProjectNo. 1 (Project WA 2101) and Appropriation of Funds.

BACKGROUND / ISSUE
The Environmental and Water Resources (EWR) Department identifies water infrastructure rehabilitation and replacement projects through water master plans, ongoing water condition assessment programs, and regulatory changes. Through these efforts, portions of the water system have been identified as needing rehabilitation or replacement in order to improve the water distribution system reliability. EWR staff identified the Ashland Water Rehabilitation Project No. 1 as a priority project.

The Ashland Water Rehabilitation Project No. 1, which serves as an emergency intertie between the City of Folsom and the San Juan Water District, involves the rehabilitation of an existing water transmission pipeline, Supervisory Control and Data Acquisition (SCADA) upgrades to an existing Pressure Reducing Valve (PRV) station, and miscellaneous upgrades 1 MEETING DATE: 912412024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1265 - A Resolution Authorizing the City Manager to Execute Amendment No. 3 to the Agreement
(Contract No. 173-21 20-031) with HydroScience Engineers, Inc. for Design Services for the Ashland Water Rehabilitation Project No. 1 (Project WA 2l0I) and Appropriation of Funds FROM: Environmental and Water Resources Department

Page 55 ends

09/24/2024 Item No.6.
to various water appurtenances. Amendment No. 3 is for additional engineering services related to construction administration.

This resolution will authorize the City Manager to execute Amendment No. 3 to the Agreement (Contract No. 173-21 20-032) with HydroScience Engineers, Inc. for Design Services for the Ashland Water Rehabilitation Project No. 1 (Project WA 2I0I) and appropriation of funds.

POLICY / RIII,E
In accordance with Chapter 2.36 of theFolsom Municipal Code. supplies, equipment, services, and construction with a value of $73,209 or greater shall be awarded by City Council'

ANALYSIS
In October 2018, the EWR Department completed a pre-qualification process for consultants for design and construction administration services for water and wastewater projects. The consulting firm HydroScience Engineers, Inc. was one of the firms selected to provide these services for this type of project through this pre-qualification process. HydroScience Engineers, Inc. is currently providing engineering design and bid phase support services for this project. HydroScience Engineers, Inc. was determined to provide the best value to the City based on their knowledge and familiarity with the project, understanding of the background and requirements of the project, and qualifications and experience of the project team.

A previous amendment to the design contract for HydroScience Engineers, Inc. included construction administration services for the Ashland Water Rehabilitation Project No. 1' The construction administration services included project coordination, attending weekly construction meetings, responses to Requests for Information (RFI's), reviewing technical submittals, and design modifications as needed during construction.

Due to material procurement delays and weather delays, the Ashland Water Rehabilitation Proiect No.l was unexpectedly extended. Additionally, a significant number of unknown, unexpected underground utilities that were in conflict with the Ashland Water Rehabilitation Project No.1 pipe alignment resulted in multiple design changes and design modifications that were unanticipated. Lastly, the condition of the existing welded steel pipe required HydroScience Engineers, Inc. to respond to additional MI's, submittal reviews, and design modifications that were beyond the original construction administration scope. Amendment No. 3 will allow HydroScience Engineers, Inc. to provide the additional construction administration services required to finalize the Ashland Water Rehabilitation Project No. 1 (Project WA 210i).

This resolution will avthoizethe City Manager to execute Amendment No. 3 to the Agreement (Contractor No. 173-21 20-032) with HydroScience Engineers, Inc. for Additional Design Services for the Ashland Water Rehabilitation Project No. 1 (Project WA 2101) and Appropriation of Funds for a new not-to-exceed amount of $34,104. 2 Page 56
09/24/2024 Item No.6.

FINANCIAL IMPACT
The Ashland Water Rehabilitation Project No. i is included in the Capital Improvement Plan with a Fiscal Year 2024-25 project budget of $3,341,888. The Environmental and Water Resources Department recommends that Amendment No. 3 to the agreement (Contract No.

I73-2I20-031) (Project WA 210i) for design services be awarded to HydroScience Engineers, Inc. for an additional $34,104 for a not to exceed total of $452,389. The project budget will require an appropriation in the amount of $34,104 for this amendment. This will bring the total project budget to $3,363,509 and a new contract amount with HydroScience Engineers, Inc. to $452,389. Sufficient funds are available in the Water Operating Fund (Fund 520) for the appropriation.

ENVIRONMENTAL REVIEW
A review previously performed as part of the HydroScience Engineers, Inc. design contract found that this project is replacement andlor reconstruction of existing infrastructure with negligible or no expansion of use and therefore is categorically exempt from environmental review under California Environmental Quality act as noted in Title 14 - California Code of Regulations, Chapter 3 - Guidelines for Implementation of the California Environmental Quality Act, Article 19 - Categorical Exemptions, 15302 (c) (Replacement or Reconstruction).

ATTACHMENT
Resolution No. 11265 - A Resolution Authorizingthe City Manager to Execute Amendment No. 3 to the Agreement (Contract No. 173-21 20-031) with HydroScience Engineers, Inc. for Design Services for the Ashland Water Rehabilitation Project No. 1 (Project WA 2101) and Appropriation of Funds.

Submitted,
Marcus Yasutake, Director

ENVIRONMENTAL AND WATER RESOURCES DEPARTMENT
aJ Page 57
09/24/2024 Item No.6.

RESOLUTION NO. 11265

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
AMENDMENT NO. 3 TO THE AGREEMENT (CONTRACT NO. 173-2120-031) WITH HYDROSCIENCE ENGINEERS, INC. FOR DESIGN SERVICES FOR THE ASHLAND WATER REHABILITATION PROJECT NO. I (PROJECT WA 2t0r) AND

APPROPRIATION OF FUNDS
WHEREAS, the City has identified this project as a priority to maintain integrity and operation of the water distribution system; and
WHEREAS, the rehabilitation work identified to enhance the City's water distribution system includes rehabilitating the existing water transmission pipeline, Supervisory Control and Data Acquisition (SCADA) upgrades associated with the existing pressure reducing station, and upgrades to varieus water appurtenances; and
WHEREAS, HydroScience Engineers, Inc. by reason of their experience and abilities for performing these types of services, are qualified to perform the required consulting services for the project; and
WHEREAS, the Ashland Water Rehabilitation Project No.1 (Project WA 2101) was included in the FY 2024-25 Capital Improvement Plan with a project budget of $3,341,888; and WHEREAS, an additional appropriation of funds in the amount of $34,104 is needed for a revised project budget of $3,363,509 and sufficient funds are available in the Water Operating Fund (Fund 520) for this appropriation; 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 Amendment No. 3 to the Agreement (Contract No. 173- '21 20-031) with HydroScience Engineers, Inc. for Design Services for the Ashland Water Rehabilitation Project No. 1 (Project WA 2101) in the amount of $34,104 and the contract not- to-exceed amount, including Amendment No. 3 is $452,389.

BE IT FURTHER RESOLVED that the Finance Director is authorized to appropriate an additional $34,104 to the Fiscal Year 2024-25 Water Operating Fund (Fund 520) for the Ashland Water Rehabilitation Project No.l (Project WA 2101) for a total project budget of $3,363,509.

PASSED AND ADOPTED thrs 24th day of September 2024, by the following roll-call vote
AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Resolution No. 11265
Page I of2 Page 58
09/24/2024 Item No.6.

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. 11265
Page2 of2 Page 59
09/24/2024 Item No.6.

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a : j .,1. 1
Folsom City Council
Staff Re rt
MEETING DATE: 9/2412024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1267 - A Resolution Authorizing the City Manager to Execute a Construction Agreement with Martin General Engineering, Inc. for the Folsom High School Iron Point Road Median Fence Project, Project No. 8023, and Appropriation ofFunds
FROM: Public Works Department
RECOMMENDATION / COI]NCIL ACTION
The Public Works Department recommends that the City Council pass and adopt Resolution No. 11267 - A Resolution Authorizing the City Manager to Execute a Construction Agreement with Martin General Engineering, Inc. for the Folsom High School Iron Point Road Median Fence Project, Project No. 8023, and Appropriation of Funds.

BACKGRO / ISSI]F],
The City of Folsom Traffic Safety Committee meets on a monthly basis to address traffic safety issues identified by members of the public and to provide recommendations to the city council on traffic safety issues based on sound technical and practical criteria.

One of the traffic safety issues identified is the jaywalking along Iron Point Road, predominantly in front of and near Folsom High School. It has been observed by both members of the public and city staff that students being released from Folsom High School consistently jaywalk across the street, crossing over the median to access cars parked in the bike lane or U-turn lane along westbound Iron Point Road.

This project seeks to mitigate the jaywalking issue by installing a 5Yz-foot tall black iron fence in the median island. The fence will be installed from the Prairie Oaks Apartment complex to the Treehouse PlazaRetail Center in order to block jaywalking along the entire pickup area. 1

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09/24/2024 Item No.7.

This item was considered by the Traffic Safety Committee at its April 4,2024 meeting, and the Committee voted in favor (six ayes and one absent) to recommend that the Public Works Department find funding to support the project to protect pedestrians.

This project is expected to begin in early November 2024 and be completed by December 2024.

POLICY / RULE
Section 2.36.120 of the Folsom Municipal Code states,inpart,that contracts for supplies, equipment, services, and construction with an estimated value of $73,209 or greater shall be awarded by the City Council.

ANALYSIS
Public Works staff prepared the bid package, and the project was publicly advertised on August 1, 2024. On August 27,2024,the Public Works Department received the following bids:
o Martin General Engineering,Inc.
o Central Valley Engineering & Asphalt, Inc.
o B&M Builders, Inc.
o Arrow Fence Company
$ 166,725.00
s r77,269.00
$ 210,500.00
$ 237,487.50
The engineer's estimate for this project was $140,000.00. The Public Works Department has evaluated the bids received and recommends that the contract be awarded to the low-bidder, Martin General Engineering, Inc.

Staff will use the City's standard Construction Agreement in a form acceptable to the City Attorney.

FINANCIAL IMPACT
The contract with Martin General Engineering, Inc. would be authorized for $166,725.00 with the project budgeted for a total of $183,397.50 which will include a ten percent contingency amount of $16,672.50 for potential change orders.

Traffic Safety Projects, Project No . 8023, is included in the FY 2024-25 Capital Improvement Plan with a total project budget of $150,000 funded through Measure A Fund (Fund 276). Prciect encumbrances to date total $35,000, with a remaining project budget of $115,000. An appropriation in the amount of $68,397.50 is needed for construction costs.

Additionally, staff is requesting an appropriation inthe amount of $115,000 to replenishthe project budget in anticipation of expenditures that will be made throughout the year to implement traffic safety improvements. The Traffic Safety Projects provides funding for traffic safety improvements identified by the City Council, Traffic Safety Committee, and Public Safety and Public Works staff and historically, the Traffic Safety Projects budget has been fully expended each year to implement the identifi ed improvements.
2 Page 62
09/24/2024 Item No.7.

Staff is requesting an appropriation of $183,397.50 in the Measure A Fund (Fund 276) fot an updated total project budget of $333,397.50. Sufficient funds are available in the Measure A Fund (Fund 276) for the appropriation.

AL REVIEW
This project is exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301.

ATTACHMENT
Resolution No. 1 1267 - A Resolution Authorizing Ihe City Manager to Execute a Construction Agreement with Martin General Engineering, Inc. for the Folsom High School Iron Point Road Median Fence Project, Project No. 8023, and Appropriation of Funds Submitted,
Mark Rackovan, PUBLIC WORKS DIRECTOR
a
J Page 63
09/24/2024 Item No.7.

RESOLUTION NO. 11267

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A

CONSTRUCTION AGREEMENT WITH MARTIN GENERAL ENGINEERING, INC. FOR THE FOLSOM HIGH SCHOOL IRON POINT ROAD MEDIAN
FENCE PROJECT, PROJECT NO. 8023, AND APPROPRTATION OF FUNDS WHEREAS, the Traffrc Safety Committee reviewed a request for the installation of a fence along Iron Point Road near Folsom High School at its April 4, 2024 meeting and voted in favor to recommend that the Public Works Department find funding to support the project and protect pedestrians; and
WHEREAS, the project was publicly advertised on August 1,2024, and four bids were received on August 21, 2024, with Martin General Engineering, Inc. being the lowest responsible bidder; and
WHEREAS, Traffic Safety Projects, Project No. 8023, is included in the FY 2024-25 Capital Improvement Plan with an available project budget of $115,000 funded through Measure A Fund (Fund 276); and
WHEREAS, an appropriation in the amount of $68,397.50 is needed for construction costs; and
WHEREAS, staff is requesting an additional appropriation in the amount of $i 15,000 to replenish the project budget in anticipation of expenditures that will be made throughout the year to implement traffic safety improvements; and
WHEREAS, staff is requesting an appropriation of $183,397.50 in the Measure A Fund (Fund276) for a total project budget of $333,397 .50; and WHEREAS, sufficient funds are avarlable in the Measure A Fund (Fund 276) for the appropriation; and
WHEREAS, the contract 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 a Construction Agreement with Martin General Engineering, Inc. for the Folsom High School Iron Point Road Median Fence Project, Project No. 8023, in the amount of $166,725, with the budgeted amount to include a ten percent contingency for atotal not-to-exceed amount of $183,397.50.

BE IT FURTHER RESOLVED that the Chief Financial Officer is authorized to appropriate $183,397.50 for this project from the Measure A Fund (Fund276).

PASSED AND ADOPTED on this 24th day of Septemb er 2024, by the following roll- call vote:

Resolution No. 11267

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09/24/2024 Item No.7.

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST
Christa Freemantle, CITY CLERK
Resolution No. 11267
Page2 of2 Page 65
09/24/2024 Item No.7.

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09/24/2024 Item No.7.

Folsom City Council
Staff Re rt
MEETING DATE: 912412024
AGENDA SECTION: Consent Calendar
SUBJECT:

Resolution No. 11268- A Resolution Authorizing the City Manager to Execute a Memorandum of Understanding Grant
Reduction Amendment with SACOG for the Green Means Go
Program and Addition of $15,000 from the City's Housing Fund to Complete the Mixed-Use and Multifamily Objective Design and Development Standards Project, and Appropriation of Funds FROM: Community Development Department
RF],COMMF],NDATION / COIINCIL ACTION
Staff respectfully recommends that the City Council Move to approve Resolution No.1 1268- A Resolution Authorizingthe City Manager to Execute a Memorandum of Understanding Grant Reduction Amendment with SACOG for the Green Means Go Program and Addition of $15,000 from the City's Housing Fund to Complete the Mixed-Use and Multifamily Objective Design and Development Standards Project, and Appropriation of Funds.

BACKGROUND / ISSUE
The Sacramento Area Council of Governments (SACOG) Green Means Go grant program is designed to fund non-transportation infrastructure and planning that accelerates infill housing within locally adopted Green Zones and supports housing affordability. Eligible project sponsors (i.e., lead applicants) are the 22 cities and six counties within the SACOG region. For the 2022 funding round, the grant program included one early activation grant and three competitive grant categories. The city was successful in obtaining four grant awards under several categories and on April 25, 2023, the City Council approved Resolution 11027 accepting the four awarded Green Means Go grants. None of the grant awards required a city match.

One of the grants awarded by SACOG was a Green Means Go Planning Grant in the amount of $243,000 for the development of Objective Design and Developments Standards for Mixed- 1

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09/24/2024 Item No.8.
use and Multifamily Housing, and on July 5, 2023, the city entered in a consultant and professional services with Opticos Design. Inc to carry out this work.

In January of this year, the Governor released a draft state budget which proposed rescinding $300 million (half of the original $600 million) for the statewide Regional Early Action Planning (REAP) 2.0 grantprogram, which is the funding source for the SACOG Green Means Go program awards. In response to this unprecedented retraction in fully committed funding for the REAP 2.0 grarfi" program, SACOG and other regional agencies began a campaign to urge the Legislature to reject the $300 million cut to the REAP 2.0, highlighting that these funds have already been fully committed and are important to achieve the region's climate and affordable housing goals. As a result of these advocacy efforts, the Governor and the Legislature agreed to save most of the original REAP 2.0 budget, and the Governor signed the state budget with $560 million of the original $600 million.

The state budget cuts resulted in a six percent reduction in Green Means Go funds creating a gap of approximately $2 million for regional projects funded by the program. Consequently, on August 14,2024, the SACOG Board adopted a revised Green Means Go program budget that implements an across-the board 6.2o/o reduction in all REAP 2.0 expenditures categories.

This action reduces the City's $243,000 Planning Grant to $228,000, thus leaving a gap of $15,000 in funding. To make up this funding gap for the development of Objective Design and Developments Standards for Mixed-use and Multifamily Housing, staff recommends that the City Council authorize $15,000 from the City's housing funds for this qualiffing project.

POLICY / RULE
The City Council Adopted Rdsolution No. 7332 - Financial Policies of the City of Folsom on May 25, 2004. Section D - Intergovernmental Revenues, Paragraph C - Grant Project Resolutions states, "All grants received from the Federal or State government for operating or capital purposes shall be recognized in separate grant project resolutions. A balanced grant project resolution must be adopted prior to beginning the project."

ANALYSN
State legislation, including Senate Bill 330 (2019) and Senate Bill 8 (2021) require that jurisdictions conduct design review for all residential projects, especially for multi-family development, using objective design standards. To ensure high quality design for new residential development, the City executed a Professional Services Agreement with Opticos for the development of the Objective Design and Development Standards.

Additionally, the development of Objective Design and Development Standards (ODDS) for multi-family and mixed-use development is consistent with the following Housing Element Policies and Implementation Programs:
2 Page 68
09/24/2024 Item No.8.

Policy H-2.5 Objective Standards
The City shall endeavor through its development and design standards and decision making to provide consistent and predictable policy direction based on objective standards for multi-family re sidenti al proj ect applicants.

Implementation Program H-3: Standards for Transit Oriented Development The City shall establish development standards for transit-oriented development located within SACOG Transit Priority Areas as part of the comprehensive zoning code update.

Development standards should promote sustainable land use practices that reduce vehicle trips and should allow for mixed-use developments as well as stand-alone residential. In addition, the City shall provide for CEQA streamlining consistent with the provisions of SB 375.

Implementation Program H-8: Objective Design Standards for Multifamily Housing The City shall rescind the Design Guidelines for Multifamily Development upon adoption of the Housing Element and shall adopt objective design standards for multifamily development, as part of the comprehensive zoning code update.

Furthermore, development ofthe ODDS implements theAugust27,2024-adopted General Plan and Folsom Plan Area Specific Plan amendments (Resolution No. 1I25I and Resolution No. 11252) for increased residential capacity and is consistent with City Council direction.

Currently the consultant team has completed the majority of work associated with the ODDS project. However, in order to complete the final tasks (release of public review draft, public meetings/hearing, ODDS adoption, and implementation) staff anticipates that the full contract amount of $243,000 will be necessary. And, given that adoption the ODDS is consistent with general plan housing element policies and programs, staff is requesting that City Council approve up to $i5,000 from the City's housing funds to make up the project funding gap and an appropriation of funds. In addition, staff is recommending that the City Council authorize the City Manager to execute a memorandum of understanding agreement amendment with SACOG for the Green Means Go Program that reflects the reduced grant amount of $228,000 and includes the addition of $15,000 from the City's housing funds for the development of objective design and development standards.

FINANCIAL IMPACT
Funds are currently available in the Folsom Housing Fund (Fund 238) in an amount of $15,000 to cover the funding gap created as a result of the Green Means Go Planning Grant award reduction from $243,000 to $228,000, however an appropriation will be required to ensure that the project does not impact the City's General Fund.

ENVIRO AI, RF],VIEW
Implementation of the grant does not meet the CEQA definition of a project and as a result this action is exempt from environmental review. The adoption of the associated objective design and development standards will be required to include environmental review and thus prior to their adoption an environmental review will be conducted J Page 69
09/24/2024 Item No.8.

ATTACHMENT
Resolution No.l1268- A Resolution Authorizing the City Manager to Execute a Memorandum of Understanding Grant Reduction Amendment with SACOG for the Green Means Go Program and Addition of $15,000 from the City's Housing Fund to Complete the Mixed-Use and Multifamily Objective Design and Development Standards Project, and Appropriation of Funds Submitted,
Pam Johns, Community Development Director
4 Page 70
09/24/2024 Item No.8.

RESOLUTION NO. 11268

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A

MEMORANDUM OF UNDERSTANDING GRANT REDUCTION AMENDMENT WITH SACOG FOR THE GREEN MEANS GO PROGRAM AND ADDITION OF $15,OOO

FROM THE CITY'S HOUSING FUND TO COMPLETE THE MIXED-USE AND

MULTIFAMILY OBJECTIVE DESIGN AND DEVELOPMENT STANDARDS

PROJECT, AND APPROPRIATION OF FUNDS
WHEREAS, the Sacramento Area Council of Governments (SACOG) 2022 GreenMeans Go grant program is designed to fund non-transportation infrastructure and planning that accelerates infill housing within locally adopted Green Zones and supports housing affordability; and
WHEREAS, eligible project sponsors (i.e., lead applicants) are the 22 citres and six counties within the SACOG region; and
WHEREAS, for the 2022 funding round, the grant program included three competitive grant categories associated with this funding: Early Activation, Planning, and Capital; and WHEREAS, on October 25, 2022, the City Council approved Resolution No. 10937 authorizing Green Means Go grant applications under the Planning and Capital categories including a $243,000 Planning Category Grant for the development of Multi-Family and Mixed- Use Objective Design and Development Standards; and
WHEREAS, under Resolution No. 1 1027, the City Council approved the acceptance of four grant awards from the SACOG Green Means Go Grant including a grant in the amount of $243,000 for the Multi-Family and Mixed-Use Objective Design and Development Standards project; and
WHEREAS, in2024 state budget cuts resulted in a six percent reduction in Green Means Go funds creating a gap of approximately $2 million for regional projects funded by the program; and
WHEREAS, on August 14, 2024, the SACOG Board responded to the state budget cuts and adopted a revised Green Means Go program budget that implements an across-the board 6.2%o reduction in all REAP 2 expenditures categories; and
WHEREAS, the revised Green Means Go program budget, reduces the City's $243,000 Green Means Go Planning Grant to $228,000, thus leaving a gap of $15,000 in funding for the of Multi-Family and Mixed-Use Objective Design and Development Standards project; and WHEREAS, State legislation, requires that jurisdictions conduct design review for all residential projects, especially for multi-family development, using objective design standards; and
Resolution No. I1268
Page I of2 Page 71
09/24/2024 Item No.8.

WHEREAS, the development of multi-family and mixed-use objective design and development standards is consistent with Housing Element policies and program; and WHEREAS, funding for the $15,000 funding gap for the Multi-Family and Mixed-Use Objective Design and Development Standards project is available from the City's Housing Fund (Fund 238).

NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Folsom that the City Council does hereby approve the use of housing funds for the of Multi-Family and Mixed- Use Objective Design and Development Standards project to cover the $15,000 funding gap resulting from the SACOG board action that reduced the City's $243,000 Green Means Go Planning Grant to $228,000.

BE IT FURTHER RESOLVED that the City Manager is authorized to execute a Memorandum of Understanding Grant Reduction Amendment with SACOG for the Green Means Go Program and other related documents, consistent with and in furtherance of this Resolution.

BE IT FURTHER RESOLVED that the Finance Director is directed to appropriate up to $15,000 from the City's Housing Fund (Fund238) to complete the Multi-Family and Mixed-Use Objective Design and Development Standards project.

PASSED AND ADOPTED this24th day of September 2024,by the following roll-call vote
AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. I1268
Page2 of2 Page 72
09/24/2024 Item No.8.

Folsom City Council
Staff ort
MEETING DATE: 912412024
AGENDA SECTION: Consent Calendar
SUBJECT: Resolution No. 1 1269 - A Resolution Authorizing the City Manager to Execute an Agreement with the 50 Corridor
Transportation Management Association to Provide
Transportation Demand Management Services in the Folsom Specific Plan Area
FROM: Public Works Department

R-ECOMMENDATION / COIINCII, ACTION
The Public Works Department recommends that the City Council pass and adopt Resolution No. i 1269 - A Resolution Authorizingthe City Manager to Execute an Agreement with the 50 Conidor Transportation Management Association to Provide Transportation Demand Management Services in the Folsom Specific Plan Area.

BACKGROUND / ISSUE
Adopted in 2018, the Folsom Plan Area Specific Plan includes Circulation Element Policy 7.3, which requires the City to provide and fund Transportation Demand Management (TDM) services. TDM measures are generally considered to be alternative forms of transportation that are designed to reduce the number of single-occupant vehicles on the transportation system and mitigate potential regional air quality impacts associated with development. Some examples of TDM measures include programs that promote walking or cycling, rideshare, vanpools, and guaranteed rides home.

The administration of a TDM program is typically managed either by in-house staff or by a transportation management authority (TMA); there are several TMAs throughout the Sacramento region. In our area, the 50 Corridor TMA, which was founded rn 1994 as the Greater Folsom Area TMA, is the sole TMA that oversees TDM programs geared primarily towards reducing traffic on US Highway 50.
1

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09/24/2024 Item No.9.

The Final Environmental Impact Report/Environmental Impact Statement (EIR/EIS) for the Folsom Plan Area Specific Plan included Mitigation Measure 3,A'.15-2c, which requires "the project applicant(s) for all project phases of any particular discretionary development application shall join and participate with the 50 Corridor Transportation Management Association to reduce the number of single-occupant automobile travel on area roadways and intersections." In order to comply with Mitigation Measure 3A.15-2c, the City opted to approve Resolution No. 10209 in November 2018 to amend the Rate and Method of Apportionment for Community Facilities District No. 18 (CFD No. i8) to add a category of special tax to fund the annual costs associated with certain transportation demand management and air quatity services. This special tax has been and will continue to be collected through Community Facilities District No. 1 8.

The City requested a proposal from the 50 Conidor TMA to provide TDM services in the Folsom Specific Plan (see attached).

POLICY / RIII,E
Section 2.36.120 of the Folsom Municipal Code states, in part, that contracts for supplies, equipment, services, and construction with an estimated value of $73,209 or greater shall be awarded by the City Council.

FINANCIAL IMP
Funding for the Folsom Specific Plan TDM Program would be paid by allocating the aforementioned TDM special tax from CFD No. 18 to the 50 Corridor TMA. In Fiscal Year 2024-25, $ 13 8,000 of CFD No.1 8 TDM special tax would be paid to the TMA. Over the entire 5-year plan, an estimated total of $779,000 of CFD No. 18 TDM special tax would be paid to the TMA.

ENVIRONMENTAL REVIEW
This project has been deemed Categorically Exempt from California Environmental Quality Act (CEQA) environmental review based on Class 1: Existing Facilities.

ATTACHMENT
Resolution No. 1 1269 - A Resolution Authorizingthe City Manager to Execute an Agreement with the 50 Corridor Transportation Management Association to Provide Transportation Demand Management Services in the Folsom Specific Plan Area Submitted,
Mark Rackovan, PUBLIC WORKS DIRECTOR
2 Page 74
09/24/2024 Item No.9.

RESOLUTION NO. 11269

A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE AN AGREEMENT WITH THE 50 CORRIDOR TRANSPORTATION

MANAGEMENT ASSOCIATION TO PROVIDE TRANSPORTATION DEMAND

MANAGEMENT SERVICES IN THE FOLSOM SPECIFIC PLAN AREA
WHEREAS, the City of Folsom is required to provide Transportation Demand Management (TDM) Services to the Folsom Specific Plan Area; and WHEREAS, TDM services are programs and policies that are designed to reduce single-occupant vehicle trips and mitigate the air quality impacts of development; and WHEREAS, the 50 Corridor Transportation Management Association (TMA) administers TDM services for the Highway 50 corridor; and WHEREAS, a TDM special tax is collected in the Folsom Plan Area through Community Facilities District No. 18 (CFD No. 18); and
WHEREAS, the 50 Conidor TMA submitted a S-year plan to utilize TDM special tax from CFD No. 18 to provide the required TDM services; and WHEREAS, the City desires to execute a Memorandum of Agreement with the 50 Corridor TMA to perform said services in a form acceptable to the City Attorney:

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom hereby authorizes the City Manager to execute an agreement with the 50 Corridor Transportation Management Association to provide Transportation Demand Management Services in the Folsom Specific Plan Area.

PASSED AND ADOPTED on this 24th day of Septemb er 2024, by the following roll- call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST
Christa Freemantle, CITY CLERK
Resolution No. I1269

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09/24/2024 Item No.9.

Folsom City Council
Staff Re ort
MEETING DATE: 9t2412024
AGENDA SECTION: Public Hearing
SUBJECT: Ordinance No. 1348 - An Ordinance of the City of Folsom Amending Sections 10.20.220 and 10.20.230 of the Folsom Municipal Code Pertaining to Parking in Alleys in the Historic District (Introduction and First Reading)
FROM: Public Works Department

REC ATION / CITY COUN ACTION
The Public Works Department recommends that the City Council introduce and conduct the first reading of Ordinance No. 1348 - An Ordinance of the City of Folsom Amending Sections

10.20.220 and 10.20.230 of the Folsom Municipal Code Pertaining to Parking in Alleys in the Historic District.

BACKG / ISSUE
The purpose of this Ordinance is to amend Sections I0.20.220 and 10.20.230 of the Folsom Municipal Code (FMC) to prohibit parking in public alleys in the Historic District. FMC Section 10.20.220 curently pertains to parking on Folsom Dam Road, and Section10.20.230 currently addresses the removal of illegally parked vehicles on Folsom Dam Road' These sectionshave not been valid since 2003 when public access to Folsom Dam Road was restricted by the Federal Government. Staff therefore proposes to replace Section 10.20.220 in its entirety and the title of Section 10.20.230 with the proposed, new parking regulations.

The proliferation of new Accessory Dwelling Units (ADUs) in the Historic District has resulted in an increase in vehicles parking in the alleys. Most of these alleys are used for weekly waste collection by the Public Works Department and also serve as secondary emergency access routes for the Fire Department. The alleys are not sufficiently wide enough to allow parking to continue without impeding both waste collection and emergency access; therefore, staff has prepared this amendment to the FMC to make it a violation to park in a Historic District 1

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09/24/2024 Item No.10.
alleyway if such regulations have been posted.

POLICY / RULE
Amendments and revisions to the Folsom Municipal Code must be reviewed and approved by the City Council.

ANALYSIS
If approved, residents living in Historic District ADUs would need to park their vehicles on n"urby public streets; staff has determined that there is adequate parking available for the displaced vehicles.

Staff initially considered posting "No Parking on Waste Collection Days" or similar regulations, but such signs would only address the impact to waste collection' Emergency u"hi"l" access is required at all times, on all days, and therefore requires a blanket parking prohibition.

FINAN IMPACT
Approving this FMC amendment has no direct financial impact on the City; in order to imptement the new ordinance, the Public Works Department will need to manufacture and install appropriate signage to noti$ the public of the new regulation and enable enforcement.

There is sufficient funding in the Public Works Department Fiscal Year 24-25 operating budget to implement the sign program.

ENVIRONMENTAL REVIEW
This project has been deemed Categorically Exempt from California Environmental Quality Act (CEQA) environmental review based on Class 1: Existing Facilities.

ATTACHMENT
Ordinance No. 1348 - An Ordinance of the City of Folsom Amending Sections 10.20'220 and 10.20.230 of the Folsom Municipal Code Pertaining to Parking in Alleys in the Historic District
Submitted,
Mark Rackovan, PUBLIC WORKS DIRECTOR
2 Page 78
09/24/2024 Item No.10.

ORDINANCE NO. 1348
AN ORDINANCE OF THE CITY OF FOLSOM AMENDING SECTIONS IO.2O.22O AND IO.2O.23O OF THE FOLSOM CIPAL CODE PERTAINING TO

PARKING IN ALLEYS IN THE HISTORIC DISTRICT
The city council of the city of Folsom does hereby ordain as follows:

SECTION 1 PURPOSE
The purpose of this ordinance is to amend Sections 10.20.220 and 10.20.230 of the Folsom Municipal Code to remove references to parking on Folsom Dam Road and replace them with regulations that prohibit parking on alleys in the Historic District.

SECTION 2 AMENDMENT TO CODE
Section 10.20.220 of the Folsom Municipal Code is hereby replaced and amended in its entirety as follows:

10.20.220 Historic District Alleys.

When signs are erected giving nbtice thereof, no person shall stop, park, or leave standing any vehicle on the public portion of public alleyways within the Folsom Historic District. Vehicles parked on private property adjacent to the public alleyway are not subject to this regulation.

SECTION 3 AMENDMENT TO CODE
Section 10.20.230 of the Folsom Municipal Code is hereby amended as follows

10.20.230 Historic District Alleys - Vehicle Removal.

When signs are erected giving notice thereof, any vehicle parked in violation of Section I0.20.220 may be removed at the owner's expense.

SECTION 4 SCOPE
Except as set forth in this Ordinance, all other provisions of the Folsom Municipal Code shall remain in full force and effect.

SECTION 5 SEYERABILITY
Ifany section, subsection, sentence, clause, or phrase in this Ordinance or any part thereof is for any reason held to be unconstitutional, invalid, or ineffective by any court of competent jurisdiction, such decision shall not affect the validity or effectiveness of the remaining portions of this Ordinance or any part thereof. The City Council declares that it would have passed each section irrespective of the fact that any one or more section, subsection, sentence, clause, or phrase Ordinance No. 1348

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09/24/2024 Item No.10.
be declared unconstitutional, invalid, or ineffective'
SECTION 6 EFFECTIVE DATE
This ordinance shall become effective thirty (30) days from and after its passage and adoption, provided that it is published in full or in summary within twenty (20) days after its adoption in a newspaper of general circulation in the City.

This ordinance was introduced and the title thereof read at the regular meeting of the City Council on Septemb er 24,2024 andthe second reading occurred at the regular meeting of the City Council on October 8,2024.

On a motion by Councilmember seconded by Councilmember
the foregoing ordinance was passed and adopted by the City Council of the City of Folsom, State of California, this 8th day of October 2024by the following roll-call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
C)rdinance No. 1348
Page2 of2 Page 80
09/24/2024 Item No.10.

Folsom City Council
Staff rt
MEETING DATE: 912412024
AGENDA SECTION: Public Hearing
SUBJECT: Folsom Heights Small-Lot Vesting Tentative Subdivision Map Amendment
Resolution No. I 1263 - A Resolution to Approve a Small-Lot Vesting Tentative Subdivision Map Amendment for the Folsom Heights Subdivision Project
F'ROM Community Development Department

RECOMMENDATION / CITY COUNCIL ACTION
Stuff for*urds the Planning Commission's recommendation that the City Council take the following action:

1. Approve Resolution No. 11263 for a Small-Lot.Vesting Tentative Subdivision Map Amendment for the Folsom Heights Subdivision Project

BACKGROI IND / ISSUE
The applicant, Price Walker (of Elliott Homes, Inc.), is requesting approval to remove two conditions of approval from the Small-Lot Vesting Tentative Subdivision Map entitlement (SLVTSM) for the Folsom Heights Subdivision project. The request includes the removal of the following conditions of approval from the most recent Small-Lot Vesting Tentative Subdivision Map project (PN 2l-233):
lT[.PrimaDrive Improvements: The owner/applicant shall construct Prima Drtve to its ultimate horizontal and vertical alignment from the project site to the intersection of Stonebriar Drive and Prima Drive as shown on the approved Small- Lot Vesting Tentative Subdivision Map. The aforementioned improvements shall be constructed with the Phase 1 portion of the Folsom Heights Subdivision project to the satisfaction of the Community Development Department and through coordination with El Dorado County. The owner/applicant shall screen Prima Drive 1

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to minimize potential lighting impacts to nearby residences to the satisfaction of the Community Development Department. Prima Drive Roadway shall be limited to 27 feet in width. In addition, no construction-related traffic shall be permitted to utilize Prima Drive to access the project site.
182. Per direction provided by the City Council at its October 24,2017 meeting, the owner/applicant shall construct the Prima Drive Extension as a paved and gated/bollard-controlled Emergency Vehicle Access (EVA) Route only, consistent with the requirements stated in Condition of Approval No. 174. The owner/applicant shall also work with the City of Folsom Fire Chief and the El Dorado Hills Fire Chief to establish the appropriate location(s) for the gates/bollards associated with the EVA. The final design, installation, and operation of the gates/bollards shall be in accordance with the Sacramento County Emergency Access Gates and Barriers Standard, as required by the City of Folsom Fire Code.

The final design and location of the gates/bollards shall be subject to review and approval by the City of Folsom. In addition, the EVA shall accommodate pedestrian and bicycle access to the satisfaction of the City of Folsom' In their project narrative provided in Attachment 6, the applicant states that the secondary access/EVA is no longer needed due to significant changes in circumstances within the Folsom plan Area since the original approval of the SLVTSM and additional access points into Folsom Heights. The narrative states since the first approval of the project and addition of Conditions 174 and lB2, many new through-streets are now completed that provide adequate access points into Folsom Heights. Additionally, Fire Station #34, slated to be open on Septembet 26,2024, will be fully operational to provide fire protection to the subdivision. Upon review of the initial requests and discussions with the applicant, Community Development reached out to the Fire Department and Fire Chief Cusano provided a letter of support to remove conditions for Prima Drive stating that an EVA at that location is no longer needed due to the extensive amount of public access and improvements within the area. Please see Attachment 7 of this staff report for Chief Cusano's letter.

As such, the applicant proposes that the Conditions of Approval be amended to remove existing prima Drive as a required EVA, thereby only operating as an easement dedicated to El Dorado Irrigation District (EID). EID is providing water and sewer to the majority of the subdivision and indicated that construction of a gravel road only is sufficient to serve EID's access and operational needs for the future water and sewer facilities, as shown in Attachment 5.

EID will provide water and. a majority of the sewer service to the Folsom Heights subdivision based on ire-existing arrangements that were known to the Council at the time of map approval in 2017. The gravel service road will have manual gates at each end, allowing vehicle access to EID vehicles only. With the proposed request to remove Conditions 17 4 and 182, no sidewalk, bicycle lane, curb, gutter, ot urphult paving will be present on this road. Community Development Staff has coordinated with the Foliom Fire Department, EID, El Dorado County, and the Rolling Hills Community Services District in El Dorado Hills, which owns the land where the EID access 2 Page 82
09/24/2024 Item No.11.
easement is located. All parties are in agreement to support the removal of these two conditions, subject to Planning Commission approval of a recommendation to the City Council for the purposes of eliminating conditions I74 and I82. Planning Commission made that recommendation after considering the item at its August 28,2024 meeting.

POLICY / RULE
Folsom Municipal Code (FMC) Section 16.16.130 requires that applications for Tentative Subdivision Map Amendments that waive or amend conditions of approval of the tentative map be presented to the Planning Commission for its approval. Processing of the amendment is subject to the requirements of FMC Section 16.16.070, which requires Planning Commission recommendation, and FMC Section 16.16.080, which requires City Council action.

ANALYSIS

BACKGROUND
On June 28, 2016, the City Council approved a General Plan Amendment and Specific Plan Amendment for development of the Folsom Heights Subdivision project. The approved General Plan Amendment and Specific Plan Amendment resulted in an increase in the amount of land designated for single-family development, a decrease in the amount of land designated for multi- family development, a reduction in the amount of land designated for commercial development, and an increase in the amount of open space within the 189.7-acre Folsom Heights Subdivision project area.

On July I1,2077, the City Council approved aLarge-Lot Vesting Tentative Subdivision Map, Small-Lot Vesting Tentative Subdivision Map, Project Design Guidelines, and an Inclusionary Housing Plan for the development of a 530-unit residential and commercial development (Folsom Heights Subdivision) on a L89.7-acre site located in the northeast corner of the Folsom Plan Area.

On August 27 ,2019, the City Council approved a three-year extension in time for the previously approved Small-Lot Vesting Tentative Subdivision Map associated with the Folsom Heights Subdivision project. On December 14, 202I, the City Council approved another three-year extension for the Small-Lot Vesting Tentative Subdivision Map. The approved Folsom Heights Small-Lot Vesting Tentative Subdivision Map is provided in Attachmerft 4. At the time this staff report was published, the conditions of approval for the 2021 errtitlement are located at the following link located here.

GENERAL PLAN DESIGNATIONS SF (Single Family)
SFHD (Single Family High Density)
MLD (Multifamily Low Density)
GC (General Commercial)
P-QP (Public /Quasi Public)
OS (Open Space)
SP-SF (Single Family)
SP-SFHD (Single Family High Density)
SP-MLD (Multifamily Low Density)
J

SPECIFIC PLAN DESIGNATIONS

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ADJACENT LAND USES/ZONING
SITE CHARACTERISTICS The project site is situated near the base of the Sierra Nevada foothills. The topography is
characterized by gently rolling hills covered in
non-native and naturalized grasslands
APPLICABLE CODES FPASP (Folsom Plan Area Specific Plan) FMC Chapter 16.16, Tentative Subdivision Maps
Small-Lot V Tentative Subdivision n Amendment
As described in the background section of this report, the City Council approved a Latge-Lot Vesting Tentative Subdivision Map (LLVTSM), Small-Lot Vesting Tentative Subdivision Map (SLVTSM), Development Agreement Amendment, Project Design Guidelines, and Inclusionary Housing Plan for development of the 530-unit Folsom Heights Subdivision project on July 11, 2017 (PN 15-303). The City Council granted three-year extensions in time for Folsom Heights Small-Lot Vesting Tentative Subdivision Map on August 27,2019 (PN 19-i 11) and December 14, 2021 (PN 2l-233). The Small-Lot Vesting Tentative Subdivision Map is provided in Attachment

4. At their regularly scheduled meeting held on October 24,2017, Council directed staff that the Prima Drive Extension associated with the Folsom Heights Subdivision project should be constructed as apaved and gated/bollard-controlled Emergency Vehicle Access (EVA) Route only with gates and bicycle and pedestrian access to the satisfaction of the City of Folsom. Members of the community to the east of the approved EVA in El Dorado Hills (primarily from the Stonebriar subdivision) expressed concern regarding increased connectivity between the Folsom Heights neighborhood and their neighborhood, including aesthetic, safety and liability issues.

SP-GC (General Commercial)
SP-P/QP (Public /Quasi Public)
SP-OSI (Preserve Open Space)
SP-OS2 (Passive Open Space)
North:

South:

East:

West:

U.S. Highway 50 with undeveloped
Commercial Property (SP 92-3) Beyond
Undeveloped S ingle-Family Residential
Property (SP-SF PD) with White Rock
Road Beyond
El Dorado County Line with Single-
Family Residential Development
Beyond
Empire Ranch Road with Undeveloped
Single-Family Residential (SP-SF PD)
and Commercial Property (SP-GC PD)
Beyond
4 Page 84
09/24/2024 Item No.11.

The Folsom Fire Department, which originally requested the EVA, reviewed the Folsom Heights project rn2024 in consultation with the City Engineer after significant construction had occurred in the Folsom Plan Area. In this review, they determined that, based on current infrastructure and changes in layout of the area, emergency vehicle access concerns have now been sufficiently addressed without the necessity for the Prima Drive EVA (see Attachment 7).

Condition I74 of PN 21-233 states that Prima Drive shall be connected to Stonebriar Drive in coordination with El Dorado County. Condition i 82 states that this extension shall be constructed as a paved and gatedlbollard-controlled EVA Route only and shall accommodate pedestrian and bicycle access to the satisfaction of the City of Folsom. Given that the need for emergency vehicle access is no longer needed at this location, staff is supportive of modifuing the conditions of approval of PN 2I-233 to remove these conditions, as proposed by the applicant. Additionally, staff attended the regularly scheduled meeting for the Rolling Hills Community Services District on May 21,2024, and noted the support of the residents and board to eliminate the EVA connection from Folsom Heights to Stonebriar andthe use of the easement exclusively for EID operations.

Staff notes that the Prima Drive extension area is located entirely outside of the City of Folsom and will continue to contain a public utility easement with storm drainage, sanitary sewer lines located underground. It will be used only as a barricaded l8-foot aggregate-base gravel utility service road with a one-foot shoulder on each side, as shown in Attachment 5. The gravel service road will have manual gates at each end allowing vehicle access to EID vehicles. No sidewalk, bicycle lane, curb, or gutter will be present on this road. As such, staff supports the proposed deletion of Conditions 174 and 182.

No other changes to the conditions of approval or the map itself are proposed.

ENVIRONMENTAL REVIEW
An Addendum to the Folsom Plan Area Environmental Impact Report was previously approved for the Folsom Heights Subdivision project (PN 15-303) on July 25,2017 in accordance with the California Environmental Quality Act (CEQA). The proposed Small-Lot Vesting Tentative Subdivision Map Amendment to remove the two conditions of approval noted above would not constitute a substantial change to the approved project for purposes of CEQA, and therefore does not require further CEQA review under CEQA Guidelines Sections 15162(a), 15163(a) or 15r64(a).

In addition, none of the conditions described in Section 21166 of the Public Resources Code or Section 15162 of the CEQA Guidelines calling for the preparation of a subsequent EIR have occurred. Therefore, no additional environmental review is required.

COMMISSION ARING
The Planning Commission held a hearing for the proposed project at its Augusl29, 2024 meetrng After deliberation, the Commission unanimously voted (7-0) to recommend that City Council approve the project as conditioned.
5 Page 85
09/24/2024 Item No.11.

ATTACHMENTS

1. Resolution No. 1 1263 - A Resolution to Approve a Small-Lot Vesting Tentative Subdivision Map Amendment for the Folsom Heights Subdivision Project

2. Conditions of Approval

3. Vicinity Map

4. Approved Folsom Heights Small-Lot Vesting Tentative Subdivision Map and Improvement Plans, dated Aprrl 13, 2077

5. Proposed Folsom Heights Improvements at Prima Drive

6. Applicant's Project Narrative

7. Letter from Folsom Fire Department, dated April 15,2024 Submitted,

PAM JOHNS
Community Development Director
6 Page 86
09/24/2024 Item No.11.

ATTACHMENT 1
RESOLUTION NO. 11263 - A RESOLUTION TO APPROVE A
SMALL.LOT VESTING TENTATIVE SUBDIVISION MAP

AMENDMENT FOR THE FOLSOM HEIGHTS SUBDIVISION

PROJECT

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RESOLUTION NO. 11263

A RE,SOLUTION TO APPROVE A SMALL-LOT VESTING TENTATIVE

SUBDIVISION MAP AMENDMENT FOR THE FOLSOM HEIGHTS SUBDIVISION

PROJECT
WHEREAS, the Planning Commission on August28,2024, held a public hearing on the proposed Small Lot Vesting Tentative Subdivision Map Amendment to remove Conditions of Approval I74 and 182, considered public comment and determined the proposed amendments comply with all City requirements, as well as with the requirements of the State Subdivision Map Act; and
WHEREAS notice has been given at the time and in the manner required by State Law and City Code; and
WHEREAS an Addendum to the Folsom Plan Area Environmental Impact Report was previously approved for the Folsom Heights Subdivision project (PN 15-303) on July 25,2017 in accordance with the California Environmental Quality Act (CEQA); and WHEREAS the Planning Commission determined that the proposed Small-Lot Vesting Tentative Subdivision Map Amendment would not constitute a substantial change to the approved project for purposes of CEQA, and therefore does not require further CEQA review under CEQA Guidelines Sections 15162(a), 15 163(a) and 15 164(a);
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Folsom hereby approves a Small Lot Vesting Tentative Subdivision Map Amendment to remove Conditions of Approval174 and I82.

This approval is subject to the conditions of approval attached as Exhibit "B" and this Resolution is based on the following findings:

GENERAL FINDINGS

NOTICE OF HEARING HAS BEEN GIVEN AT THE TIME AND IN THE MANNER REQUIRED BY STATE LAW AND CITY CODE.

THE PROJECT IS CONSISTENT WITH THE GENERAL PLAN AND THE FOLSOM PLAN AREA SPECIFIC PLAN AS AMENDED.

CEQA FINDINGS

THE CITY, AS LEAD AGENCY, PREVIOUSLY CERTIFIED AN

ENVIRONMENTAL IMPACT REPORT/ENVIRONMENTAL IMPACT STATEMENT

FOR THE FOLSOM PLAN AREA SPECIFIC PLAN AND ALSO APPROVED AN ADDENDUM FOR THE FOLSOM HEIGHTS SUBDIVISION PROJECT.

Resolution No. I1263

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D
E.

THE PROPOSED PROJECT IS CONSISTENT WITH THE FOLSOM PLAN AREA SPECIFIC PLAN.

THE FEASIBLE MITIGATION MEASURES SPECIFIED IN THE FOLSOM PLAN

AREA SPECIFIC PLAN ENVIRONMENTAL IMPACT REPORT AND FOLSOM

HEIGHTS SUBDIVISION CERTIFIED ADDENDUM WILL BE IMPLEMENTED

FOR THE PROPOSED SMALL-LOT VESTING TENTATIVE SUBDIVISION MAP, CONSISTENT WITH CEQA GUIDELINES SECTION 15183(e).

NONE OF THE EVENTS SPECIFIED IN SECTION 21166 OF THE PUBLIC RESOURCES CODE OR SECTION 15 162 OF THE CEQA GUIDELINES

REQUIRING SUBSEQUENT ENVIRONMENTAL REVIEW HAVE OCCURRED

SUBDIVISI ON MAP AMEND F'INDINGS
F

VESTING

G THE PROPOSED SMALL-LOT VESTING TENTATIVE SUBDIVISION MAP

AMENDMENT IS CONSISTENT WITH THE CITY'S SUBDIVISION ORDINANCE

AND THE SUBDIVISION MAP ACT IN THAT THE PROJECT REMAINS SUBJECT

TO CONDITIONS OF APPROVAL THAT WILL ENSURE THAT THE PROJECT IS DE,VELOPED IN COMPLIANCE WITH CITY STANDARDS.

THE PROPOSED AMENDMENT DOES NOT AFFECT THE PROVISIONS FOR THE

DESIGN OR IMPROVEMENTS OF THE SUBDIVISION, WITH THE EXCEPTION OF REMOVAL OF THE EVA. THIS PROPOSED AMENDMENT TO THE

EXISTING SMALL-LOT VESTING TENTATIVE SUBDIVISION MAP IS

CONSISTENT WITH THE GENERAL PLAN, THE FOLSOM PLAN AREA

SPECIFIC PLAN, AND ALL APPLICABLE PROVISIONS OF THE FOLSOM MLINICIPAL CODE, GIVEN SUBSEQUENT DEVELOPMENT IN THE AREA.

THE PROJE,CT SITE RE,MAINS PHYSICALLY SUITABLE FOR THE TYPE OF DEVELOPMENT PROPOSED.

AS CONDITIONED, THE PROPOSED MODIFCATIONS TO THE DESIGN OF THE

SMALL-LOT VESTING TENTATIVE SUBDIVISION MAP AND THE PROPOSED

IMPROVEMENTS ARE NOT LIKELY TO CAUSE ENVIRONMENTAL DAMAGE

OR SUBSTANTIALLY AND AVOIDABLY INJURE FISH OR WILDLIFE OR THEIR HABITAT.

THE DESIGN OF THE PROPOSED SMALL-LOT VESTING TENTATIVE

SUBDIVISION MAP MODIFICATIONS AND THE PROPOSED IMPROVEMENTS

ARE NOT LIKELY TO CAUSE SERIOUS PUBLIC HEALTH OR SAFETY PROBLEMS.

THE DESIGN OF THE PROPOSED SMALL-LOT VESTING TENTATIVE

SUBDIVISION MAP MODIFICATIONS AND THE TYPE OF IMPROVEMENTS I.

J
H
K.

Resolution No. 11263

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M.
vote
AYES:

NOES:

ABSENT:

ABSTAIN:

WILL NOT CONFLICT WITH EASEMENTS FOR ACCESS THROUGH OR USE OF PROPERTY WITHIN THE PROPOSED SUBDIVISION.

SUBJE,CT TO SECTION 66474.4 OF THE SUBDIVISION MAP ACT, THE LAND IS

NOT SUBJECT TO A CONTRACT ENTERED INTO PURSUANT TO THE
CALTFORNIA LAND CONSERVATION ACT OF 1965 (COMMENCING WITH SECTTON 51200 OF THE GOVERNMENT CODE).

PASSED AND ADOPTED this 24th day of September 2024, by the following roll-call Councilmember(s):

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST
Christa Freemantle, CITY CLERK
Resolution No. I1263

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09/24/2024 Item No.11.

Exhibit A
Proposed Folsom Heights Improvements at Prima Drive
Resolution No. 11263

Page 4 of 8 ends

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09/24/2024 Item No.11.

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09/24/2024 Item No.11.

Exhibit B
Conditions of Approval
Resolution No. 11263

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09/24/2024 Item No.11.

CONDITIONS OF APPROVAL FOR THE FOLSOM HEIGHTS SMALL-LOT VESTING TENTATIVE SUBDIVISION MAP ,$Hf#rfi$,
Responsible
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Proposed Folsom Heights Improvements at Prima Drive (included in Attachment 6 of this staff report)
a
The Small-Lot Vesting Tentative Subdivision Map Amendment is approved for the Folsom Heights Subdivision project. Implementation of the project shall be consistent with the above referenced items and these conditions of approval.

Per FMC Section 16.16.130(B), any approved amendment shall not alter the expiration date of the tentative map. As such, project approval shall remain in effect throughout the validity period of the approved Vesting Small Lot Tentative Subdivision Map (expires July 1 l, 2025).

If after approval of this project, a lawsuit is filed which seeks to invalidate any approval, or other permit or entitlement required in connection with any of the activities authorized by the project approvals, or to enjoin the activities contemplated herein, or to challenge the issuance by any governmental agency of any environmental document or exemption determination, the project approvals shall be tolled during the time that any litieation is pending, including any appeals.

The conditions of approval for the Folsom Heights Subdivision Project Small-Lot Vesting Tentative Subdivision Map Extension (PN 2I-233), with Conditions 174 and 182 removed, and as modified by the conditions of approval in this staff report, are hereby incorporated by reference.

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Resolution No. I1263

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09/24/2024 Item No.11.

CONDITIONS KEY
Resolution No. I1263

Page 8 ends

WHEN REQUIRED
Prior to approval of Improvement Plans
Prior to approval of Final Map
Prior to issuance of first Building Permit
Prior to approval of Occupancy Permit
Prior to issuance of Grading Permit
During construction
On-going requirement
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RESPONSIBLE DEPARTMENT
Community Development Department
Planning Division
Engineering Division
Building Division
City Arborist
Public Works Department
Park and Recreation Department
Police Department
Fire Department
Environmental & Water Resources Department
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09/24/2024 Item No.11.

ATTACHMENT 2

CONDITIONS OF APPROVAL

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09/24/2024 Item No.11.

CONDITIONS OF APPROVAL FOR THE FOLSOM HEIGHTS SMALL.LOT VESTING TENTATIVE SUBDIVISION MAP A.MENDMENT
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Condition/lVlitigation Measure
The owner/applicant shall submit final site development plans to the Community Development Department that shall substantially conform to the exhibit referenced below:
a Proposed Folsom Heights Improvements at Prima Drive (included in Attachment 5 of this staff report)
The Small-Lot Vesting Tentative Subdivision Map Amendment is approved for the Folsom Heights Subdivision project. Implementation of the project shall be consistent with the above referenced items and these conditions of approval.

Per FMC Section 16.16.130(8), any approved amendment shall not alter the expiration date of the tentative map. As such, project approval shall remain in effect throughout the validity period of the approved Vesting Small Lot Tentative Subdivision Map (expires July 11,2025).

The conditions of approval for the Folsom Heights Subdivision Project Small- Lot Vesting Tentative Subdivision Map Extension (PN 2l-233), with Conditions 174 and 182 removed, and as modified by the conditions of approval in this staff report. are hereby incorporated by reference.

Mitigation
Measure
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09/24/2024 Item No.11.

CONDITIONS

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09/24/2024 Item No.11.

ATTACHMENT 3

VICINITY MAP

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Prima EVA Location
olsom Heights
Dorado County Line
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Prima EVA Vicinity Map
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ATTACHMENT 4

APPROVED FOLSOM HEIGHTS SMALL-LOT VESTING

TENTATIVE SUBDIVISION MAP AND IMPROVEMENT PLANS'
DATED APRrL 13,2017

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ATTACHMENT 5

PROPOSED FOLSOM HEIGHTS IMPROVEMENTS AT PRIMA
DRIVE

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Page 107 ends

09/24/2024 Item No.11.

ATTACHMENT 6

APPLICANT'S PROJECT NARRATIVE

Page 108 ends

09/24/2024 Item No.11.

PROJECT ARRATIVE
Elliott Homes is requesting a Tentative Map amendment to delete two Conditions of Approval for our Folsom Heights project.

Specifically, we are requesting the deletion of Conditions#L74 and #182 of the approved Tentative Subdivision Map (see Elliott letter dated April 25, 2024). Both Conditions require and describe an emergency vehicle access (EVA) at Prima Drive from the adjacent El Dorado Hills subdivision of Stonebriar into our Folsom Heights project' The secondary access, or EVA, is no longer needed due to significant changes to the immediate areas and additional access points into Folsom Heights. Since the Folsom Heights approval in 2OL7 , much has changed in the vicinity of the Folsom Plan Area. Many new through streets are now completed that provide adequate access points into Folsom Heights. ln addition, Fire Station #34 is about to open in the Summer of 2024, providing fire protection to Folsom Heights.

The existing Prima Drive easement will be completed only to serve the El Dorado County lrrigation District (ElD) wet utility facilities and will prohibit all vehicular access.

Page 109 ends

09/24/2024 Item No.11.

ATTACHMENT 7

LETTER FROM FOLSOM FIRE DEPARTMENT,
DATED APRrL 15,2024

Page 110 ends

09/24/2024 Item No.11.
arGrtrb
Folsom Fire Department
Office of the Fire Chief, Ken Cusono
535 Glenn Drive ' Folsom, CA 95630 ' Phone (916) 461-6300 (:At lt:oRNlA
April 1 5,2024
Price Walker
Vice President, Project Development
Elliot Homes, lnc.
340 Palladio Parkway, Suite 521
Folsom, CA 95630-8775
Subject: Update on Prima Drive - Emergency Vehicle Access in Folsom Heights Mr. Walker,
The Fire Department wanted to take a moment to inform you about an update regarding the proposed Prima Drive - Emergency Vehicle Access (EVA) in the Folsom Heights development.

There has been significant progress in construction within and surrounding the Folsom Heights development. This progress has led to changes in the infrastructure and layout of the area, prompting a review of the original conditions set forth regarding the Emergency Vehicle Access (EVA), Prima Drive, that proposed connecting Folsom Heights with the Stonebriar community in El Dorado Hills.

After careful consideration and consultation with the City of Folsom City Engineer, it has been determined that the ongoing construction developments have sufficiently addressed concerns related to emergencyvehicle access. Therefore, the Fire Department has concluded that the Emergency Vehicle Access (EVA) previously required as part of the development construction conditions is no longer deemed necessary.

Working Together to Provide Superior Services in a Safe, Thorough, and Efficient Manner

Page 111 ends

09/24/2024 Item No.11.

Please be assured that despite this adjustment, the safety and well-being of our residents remain our utmost priority. The decision was made following thorough evaluations and assessments to ensure that emergency services will continue to have efficient access to all areas within the Folsom Heights development, even without the designated Emergency Vehicle Access.

Please do not hesitate to reach out to us if you require further clarification or information regarding this matter.

Sincerely,
Ken Cusano
Fire Chief
Cc Rebecca Neves
City Engineer, City of Folsom
Daniel Wolfe
Senior Civil Engineer, City of Folsom
Dave Sagan
Principal, R.E.Y. Engineers, lnc.

Working Together to Provide Superior Services in a Safe, Thorough, and Efficient Manner

Page 112 ends

09/24/2024 Item No.11.

Folsom City Council
Staff rt

RECOMMENDATION / CITY COUNCIL 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 June 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 City'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 June 2024.

MEETING DATE: 9/24t2024
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 June 2024
FROM: Finance Department
1

Page 113 ends

09/24/2024 Item No.12.

POLICY / RIII,E
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."

AN ,YSIS
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 a pooled basis as required by the Folsom Municipal Code.

The Portfolio Summary of the City's current report includes a "Pooled Equity Section" identiffing 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 years2)2}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 June 30, 2024, the City's cash and investments totaled $329,091,856; an increase of $53,666,314 (19%) from June 30,2023.
2 Page 114
09/24/2024 Item No.12.

City of Folsom Total Cash and Investments
(Fiscal Year)
-2019120 -2o2o/27
-.-202!22 '''la-2o22/23 +2023/24
340
320
300
280
260
240
220
200
180
160
JU! AUG 5Ep ocr NOV Dtc JAN FTB MAR APR
6o
720
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. 140
1@
Total City Cash and Investments
Monthly
2023-24 Chanse 2022-23
Monthly
Change
Yearly $
Change
Yearly oh
Change
Jul
Aug
sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
-3%
1%
1%
ao/-z/o
6%
1%
8%
-2%
6%
9%
1%
$ 257,726,288
$ 250,730,252
s 2s1,882,783
$ 253,833,708
$ 248,964,186
$ 264,087,886
$ 267,073,315
$ 287,4',72,996
$ 282,092,738
$ 298,850,328
$ 325,954,230
$ 329,091,856
$ 199,093,811
$ 193,398,140
$ 194,536,1 19
$ 1 93,73 8,060
$ I 92,83 1,9 I 5
$ 217,977,231
s 230,947,900
s 230,s9s,s23
$ 228,839,192
$ 248,738,017
$ 269,132,444
$ 275,425,542
$ 58,632,411
$ s6,73 l,s l 1
s 57,346,664
$ 60,095,648
$ 56,132,877
$ 46,176,650
$ 36,725,475
$ 56,877,473
$ 53,253,546
$ 50,172,317
$ 56,821,786
$ 53,666,314
-3%
1%
0%
0%
t3%
6%
0%
-1%
9%
8%
2%
29%
29%
29%
3t%
29%
21%
t6%
25%
23%
20%
2t%
t9%
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 115
09/24/2024 Item No.12.

To Maturltyas of June t0,2024
34 Yrs
35,404,000
4-5 Yrs
29,942,000
0 Days
93,952,686

27.7%
2-3 Yrs
40,535,000
11,9%
1 D6y
7,8t6,512
2,3%
48,744,000

14.396 184-365 Days
34,985,000

10.396
2-183 Days
48,368,000

14.2%
Inwlthmt8 llrtad at Fr6 Vdw
Investment Performance
The City's Portfolio Management Summary report for the month of June 2024 is presented in Attachment 1 to this report. Portfolio investment earnings (including pooled equity earnings for the RDSA and FPFA) for the three-month quarter ended June 30, 2024 totaled$3,349,129.

The total rate of return of the investment portfolio for the same period was 4.34%.

The following graph illustrates the total dollar amount and breakdown by investment category for June 30,2023 and June 30,2024. This graph lists the investments by face value. 4 Page 116
09/24/2024 Item No.12.
lnvestments by Gtegory - last 5 Quarters
s3s0,000,000 --
93OO,000,000
s2s0,m0,0m
s200,000,000
s150,s0,000
s100,000,000
s50,000,000 ..
s-
lcenificates ofOeposit
r commerclal Peper
r LGIP
r Money Martet
.cirh - ch".king
.,lurle99! 2q_?!
s67,820,@
M?rch 3L?024 .. lune 30, ?P4

11.460,000
s3a088,000
srit3,000,000
!1e1q76oe
s2s,oo,om
986,693,547
s13,791,006
s1,048,545
septenber30, ?923
I
916,7sO,000
szi,smpm
54E,2*347
slz,zzf,iu
stott,-tz9
s91?06r0o0
926,sm,0@
$80,10o,0m
S2o,ooo,om
sei,lgr,Cor
96,749,5s9
s1,428,727
r Money Market
r UsAg€naies &Treasuries
920,0@,000
s51,15s,559
iiE,sgs,oaz
stooo,191
I LGIP
I Corporate Sords
r cash - checking
r Certificates of Deposit
r commercial Paper
I Municipal Eonds
A detailed listing of the portfolio holdings as of June 30,2024 is included in Attachmerrt 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 fromJuly 202I through June2024 for LAIF and two-year US Treasury securities. The effective rate of return for the City Portfolio is also included.

Beginning March I7, 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 5.25o/o-5.50Yo, up from 0.00%-0.25% at the start of 2022. Since that rapid rise, there was a pause of almost 14 months which ended September 1 8 with a rate cut of 50 basis points. August CPI was 2.50% year over year while the jobless rate continues to tick upward at 4.2oh in August, causing optimism for rates to finally be eased. The forecast for easing was pronounced early in 2024, waned considerably as inflation continued to linger through the first half of the year, to now 5 Page 117
09/24/2024 Item No.12.
three months later arate cut has occurred and more are predicted. This is despite the fact that inflation has only been below 3.00% for the last two months, and still has not reached the FOMC's stated goal of 2.00%. The FOMC stated in its September 18 meeting that another 50 basis point of cuts are likely before the end of the calendar year. By year end, the Fed Forecast is for rates tobe 4.25Yo-4.50Yo, a full percentage point lower than current rates.

Yield Comparison
July 2021 - June 2424
s.50%

5.00%
4,500/o

4.00o/o

3.50o/o

3.00o/o

2.500/T,

2.00o/o
l.50Vo

1.00o/o

0.50o/o

0.00o/o
.$r"e+.|P+r*SSrste+$S+r-SS$C$t'V$p1
.+LAIr +2 Yr Trsy _r_city
T - D-J >4r.J-
I ,)'-{ -r
I -r - -r-I f-'F.{ --{ -+JH-HZ+r' --J
A listing of transactions for the fourth 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 $7,525,063 as of June 30,2024. This is an increase of $937,605 (14%) since June 30,2023. 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 capital improvements.
6 Page 118
09/24/2024 Item No.12.

Folsom Redevelopment Successor Agency
2023-24
Monthly
Change 2022-23
Monthly
Change
Yearly $
Change
Yearly oh
Change
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
$
$
$
$
$
$
$
$
s
$
$
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
7,494,717
7,524,607
7,525,063
$ 10,299,687
$ 7,276,599
$ 7,276,790
$ 7,276,981
$ 7,269,091
$ 10,926,348
s 70,926,540
$ 70,227,371
$ 10,22r,502
$ 6,527,693
$ 6,517,964
$ 6,587,454
$ (3,712,041)
$ (3,747,049)
s (3,747,024)
$ (3,747,015)
$ (3,741,922)
$ (3,772,353)
$ (3,772,322)
$ (3,732,183)
s Q,726,952)
$ 973,024
$ 1,006,643
$ 937,608
-46%
0%
0%
0%
t03%
0%
-9%
15%
0%
0%
0%
-29%
0%
0%
0%
50%
0%
-6%
0%
-36%
0%
t%
-36%
-51%
-51%
-51%
-s1%
-35%
-3s%
-37%
aao/
15%
1s%
t4%
Folsom Redevelopment Successor Agency Total Cash and Investments $12,000,000
$9,000$00
$6,000n000
$3,000,000
$0
Jul Aug Sep Oct Nov Ilec Jan Feb Mar Apr May Jun
s2021-22 t2022-23 12023-24
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 June 2024 is presented in Attachment 1. The RDSA's investment earnings for the three-month quarter ended June 30, 2024 totaled $81,409. The effective rate of return for the RDSA investment portfolio for the same time period rs 4.42%o.
7 Page 119
09/24/2024 Item No.12.

Folsom Public Financing Aathority
Total Cash and Investments
The FPFA cash and investments totaled $29,229,453 as of June 30, 2024. This is a decrease of $2,984,994 (9%) from June 30,2023. Monthly fluctuations in cash and investments are 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 o/o
Change
Jul
Aug
sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
$
$
$
$
$
$
$
$
$
$
$
$
32,214,456
32,214,464
29,229,473
29,120,340
30,794,030
29,126,761
29,126,798
29,726,836
29,126,871
29,017,767
29,168,431
29,229,4s3
$ 38,743,267
s 38,743,274
s 32,593,924
$ 32,484,402
$ 34,139,626
s 32,489,147
s 32,489,166
s 32,489,187
$ 32,708,255
$ 32,598,755
$ 32,774,373
s 32,214,448
$ (6,528,812)
s (6,528,810)
$ (3,364,450)
$ (3,364,063)
$ (3,345,596)
$ (3,362,386)
$ (3,362,368)
$ (3,362,3 51)
$ (3,581,384)
$ (3,580,988)
$ (3,605,942)
$ (2,984,994)
0%
-9%
0%
6%
-5%
0%
0%
0%
0%
l%
0%
0%
-t6%
0%
5%
-5%
0%
0%
t%
0%
t%
ao/-L /O
-17%
-17%
-10%
-10%
-10%
-10%
-10%
-10%
-1t%
-11%
-rt%
-9%
Folsom Public Financing Authority Total Cash and Investments $45,000,000
$40,0oo,ooo
s35,000,000
$30,000,000
$25,000,000
Jul Aug Sep Oct Nov l)cc Jan Feb Mar Apr May Jun
8 2021-22 f2022-23 .2023-24
8Page 120
09/24/2024 Item No.12.

The FPFA'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 FPFA's Portfolio Management Summary report for the month of June 2024 is presented in attachment 1. The FPFA's investment earnings for the three-month quarter ended June 30, 2024 totaled$199,723. The effective rate of return for the FPFA investment portfolio for the same time period is 2.77o/o.

Folsom Ranch Financing Authority
Total Cash and Investments
The FRFA cash and investments totaled $136,705,000 as of June 30, 2024, an increase $9,750,000 from the prior year. This increase is due to the issuance and purchase of $10,760,000 Community Facilities DistrictNo. 23 IA2 (Folsom Ranch) Local Obligations less 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 June 2024 is presented in attachment 1. The FRFA's investment earnings for the three-month quarter ended June 30, 2024 totaled $1,568,485. The effective rate of return for the FRFA investment portfolio for the same time period rs 4.77o/o.

South of 50 Parking Authority
Total Cash and Investments
The South of 50 Parking Authority cash and investments totaled $0 as of June30,2024 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 Perform ance
There is no investment activity for the South of 50 Parking Authority 9Page 121
09/24/2024 Item No.12.

ATTACHMENTS

1. City of Folsom, Folsom Redevelopment Successor Agency, Folsom Public Financing Authority, and Folsom Ranch Financing Authority Portfolio Management Summary June2024

2. City of Folsom Portfolio Holdings as of June 30,2024

3. City of Folsom Transaction Summary, Fourth Quarter of Fiscal Yeat 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 122
09/24/2024 Item No.12.

ATTACHMENT 1

Page 123 ends

09/24/2024 Item No.12.
]F"O]LSOMT
City of Folsom
Gombined City of Folsom, Redevelopment
Successor Agency, FPFA & FRFA
Portfolio Summaries
June 30,2024
50 Natoma Sl.

Folsom, CA 95630
(916) 461-6080
T" ol
Portfolio
crirr.ar,sr r. r.t!ar
liilw nf Folsnm
Cash
Cediftcale Of Deposit
Commercial Paper
Corptrale Bond
Local Government lnvestment Pool
Money Market
MunicipalBond
US Agencies
US Treasuries
Cash
Non-Housing 201 tA Proceeds
Housing 20118 Proceeds
Money Markel
Total / Avenge
Folsom Public Financing lrdbdibl
Cash
Money Market
Municipal Bond
Total, Average
F6ls6m Rarch Fi
Municipal Bond
Total / Average
t
nancina Ard{rndln YTM ra Cost
YTM.a Cost
Face AmounU
shares
Face Amounu
Shares
5,OO7o/o

4.063%

5.563o/o
3"960Yo

5.2340k

5.300%

3.358%
4_214%

4.579o/o
1,048,545"00
19,676,000.00
25,000,000_00
32,088,000.00
86,693,647.25
13,79'l ,006.26
78,460,000.00
77,000,000.00
A nnn ffrl fltt
4,120,254.04
2,591,295.00
812,877.17
605.47
CostVelus
1,048,545.00
19,653,640.43
24,300,630.55
31,7e8,4f,4.20
86,693,647.25
1 3,791,006.26
75,496,729.65
76,614,780.65
s932 fl01 25
Cost Value
4,120,2A4.O4
2,591,295-00
a12,877.17
6'06,47
Cost Value
137,446.47
2,006.92
I,048,545.00
't9,661,249.98
24,727,744-61
31 ,866,35298

86.693,97.25
13,791,006.26
76,227,200,93
76,801,210.s9
5 936 792.26
1,04E,545-00
'19,429,953.25
24,722,500.4O
s'1,216,'145.35
86,693,647.25
13,791,006.26
74,841,320.25
75,879,754.00

5.937.660.00
%of
Portfolio
106,423.90
213,855.11
146,843.40
618,015.E6
70'1,89a.47

20.5'12.9'l
lnterest
Book
V.lue
Bmk
Value
Book
Velue
Book
Value
Book
Value
Market
Value
Market
Value
Days to
fttaturity
Days to
itaturlty
Accrued
lnteEst
1 791
75 683
1 ,|
805
763
884

0.31 5-79

7.36 9.44

25.52 4.06
23,09
2L6A
1,77

4.385% 6 339,757,198.51
Pooled
Ciiy of Folsom Cash and lnvestments (excluding RDSA, FPFA & FRFA amounts) Redevelopment Sucesmr Agency (included in RDSA lnvestment Report) Public Financing Authority (included in PFA lnvestmenl RePort) Folsom Ranch Financing Authority (included in FRFA lnvestment Report) Total Pooled Equtty
FlarlauaL6hmenl Successor Aoencv YTM rA Cost
Face Amounu
Shares
3 335,319,44525 i 336,753,?58.66 s 333,560,531.36 490 $ 1,807,550.65 $ 329,091,855.s8
7,524,456.21
137,446.47
3 335.7s3.758.66 100.00%
It/lad<et
Value
4,120,284.04
2,591,295.00
a12,E77.17
606.47
97 .72o/o

2.23o/o
Q.O4o/o

0.00%
100.o0
Total Rate
%oI
Portfolio

4.36oo/o

4.360%

4.360o/o

5.190o/o

4.3600/o

5.1870h
2 78Ao/o
47460/" 1
4J20,284.04
2,591,295.00
u2,477,17
I
1 t
t
1 1
2001
Accrued
lnlerest
Accrued
lnterest
Acorued
lntercst

54.75 34-44
'10.80

0.0160'6.47

4.3S0%$ 7,525,062.68 $ 7,525,052.68 3 7,525,062.68 t 7,525'062.68 1$ 100.00 %ol
Portfolio
o.47

0.01 99.52
100.00
%ol
Portfolio
100.00
YTlll @Cost
137,446..47
2,006.92
137,446.47
2,006.92

29.090.000.00
l[arket
Value
Days to
Maturitv
Days to
Maturitv
137,446.47
2,006.92
,q ocn non o0 2s o30 000 00 29.090-000.00 265-359.10
?.767% $ 29,229,453.39 t 29,229,453.39 S 29,229,453.39 $ 29'229"153.39 199i t 265359'10 Face Amounu
Shares Gostvalue
3A ?fii ofl't frl t 36 705 0(}0 00 36.70s-ooo 00 136.705.000-00 7098 2.064,675.58

4.7460/. 3 136,705,000.00
Segtembe.9,2024

4.1 2.
s 1 1,411,613.85
24'l,737.83
a27,336.42
Stacey TamaEni, Finance Direc{or Dale
s 136,705,000,00 $ 136,70s,000.00 $ t36,705,000.00 7098 $ 2,064'675,s8 100.00

Page 124 ends

09/24/2024 Item No.12.

ATTACHMENT 2

Page 125 ends

09/24/2024 Item No.12.

City of Folsom
Portfolio Holdings
Portfolio Holdings for lnv. Report
Report Formal: By Transaction
Portfolio / Report Group: City of Folsom
Group By: SecuritY TYPe
Average By: Face Amount / Shares
As of 6/30/2024
xbrcription lesuer
1 Wslls Farso 5.250 1.000.000.00

5.007 1.048,545.00 0.31
CU 0.

FCH Alaska USA FCH 4.60( 249.000.00 0.07

4.95 1213012027 Alllant 4.950 249,000.0 0_07
Allv Bank 2.95 12l Ally Bank 2.950 246,000.0 0.07
Bank 3.1 5 Americ€n Express National Bank 3.'150 246,000.00 0.07 \ustin Telco 5.050 248,000.00 0.07
NA 5.15 1 Banliof America NA 5.1 50 243,000.00 0.07
Bank of Hope S.eS 91rc12024 Bank of Hope 5.250 243.000.00 0.07 Bankers Bank of the West 5 313012026 Bankers' Bank of the West 5.000 -i:550-
248,000.
247.000.00

0.07 6661 eank4J 5/3olzozg Beal Bank 4.700 244,000.o4 0"07 Beal Bank USA 4.700 244,000.00 0.07
llue Ridoe Bank NA 4.200 0.07Bank NA
BMO Harrls Bank NA 4.6 51812026 BMO Harris Bank NA 4.600 244,000.00 o.07 Effi-BanmiNorth Arnerica 2.5 412512025 BMW Bank of North America 2.500 246,000.00 Califomia CU 5.65 1012712025 lalifornia CU 5.650 243,000,00 o,ol Capital One BanK uset NR g.s 712712027 capital One Bank (USA) NA 3.500 245,000.00 0.07

3.5 :aollirl One M 3_500 245.000.00 0.07
Celtic Bank 4.000 245.000.00 0.07
CFSBank 4.7 513112027 CFSBank 4.700 244,000.o0 0.07
Charter 5.4 Charter Oak CU 5.400 243,000.00 0.07
cu 5-25 711412025 Chartway CU 5.250 248,000.00 0.07
C|AC Bank USA 475 3/ZIIZOZA CIBC Bank USA 4.750

2.600

0.07 Connexus 3.4 8l'1512025 Connexus 3.400 249, 0.07
Bank 4.5 Customers Bank 4.500 244,000,00 0.07
Direct FCU 5,7 512012025 Direct FCU 5-700 248,000.00 0.07 Discover Bank 3. ,t1912027 Discover Bank 3.200 246,000.00 0.07 6t2027 ort Financial 4.500 247,OO0.g 0.07
t2025 Eaolebank 4.500 249,000,00 0.07
Bank 2.9 Eaolemark Savinos Bank 2.90( 246,000.00 0.07
Ent€mrise Bank 4.350 244.000.00 0.07
First Bank Richmond 5.25712912024 Fi.st Bank Richmond 5.250 243,000.0 o.o7 First Family FcU , 85 1t1712025 First Family FCU 4.850 244,000.00 0.07

4.7 1 first Federal Savings Bank 4.700 249,000.00 0,07
First Foundation Bank 4.700 244,000.00 0.07
kof 1t2 :irst National Bank of Middle Tennesst 4"500 244,000,00 0,07 cu 3.1 GreenSlate CU 3.100 249,000.00 0.07
HarborstonecU 5,1 5 7 12612024 Harborstone CU 5,150 248,000.00 0,07 l.H. Mississippi ValleY 5.500 243,000. 0.07
State Bank 1 1 121812026 Bank
Bank

1.100 249,000.00
244,000.00
Q.O7
Tlvlutudtl vItaDE sorrn rln
.afavefte FCU 3.200 249,000.00 0.07
mBank Corp 4.35 I'111812026 LCA Bank Corp 4.350 244.000.00 0.07 Leader BanFNA 2.55 412212025 Leader Bank NA 2.550 246,000.00 0,07 Leaders CU 5 81301202s Leaders CU 5.000 248,000.00 0,07 Liberty First CU 4.350 249,000,00 0.07
lonticello Bankina Co. 5.200 243.000.00 0.07
NA 2.2 M-o-qan s6letE'a"k-Xf 2.204 247,OOO.O9 0.07
Moroan StanlevPrivate Bank, NA 2.200 247.000.00 0.07
New York Community Bank 0.650 249.000.00 o.o7
NumEriE ct"t s.ot tlttilzozs Numerica CU 5.650 248,000.00 o.o7

Page 126 ends

09/24/2024 Item No.12.
)"ffii,et Bank NA 325 711j2024 Oceanfirst Bank NA 3.250 246,000.00 0.07 1 Soturn BanK lnc. 5.000 243,000.00 0_07
Fentaqon rCU 1.40 249,000.00 0.07

4.6 nnacle Bank 4_600 24,000.00 0.07
Bank ooular Bank 4.500 247,O00.OO 0.07
Preferred Bank 4.000 249,000.00 0.07

1.2 ProGrowth Eank 1.200 249,000.00 0,07
1 Raiz FCU 4.650 249.000.00 0.07
led Crown CU 5.400 248,000.01 0.07
Riiffiit eank s 11tt4tzoz+er RCnasant Bank 5,000 243,000.00 0.07 Saco & Biddeford Svg 4,500 244,000.00 0,07
& 0.0;
of Srra t'tEti-onit Bank of NY 2.000
Bank 4.9 Sio-v sprns Bank 4.900

3.4 Straronview fCU 3,40 249,000.00 0.07
5"1 Simmons Bank 5.1 00 243,000.00
ookane Teachers CU 4,150 248,000.00
Bank State Bank of lndia Chicago 3.050 245,000.00 0.07
ffiEEEfrl ot tnaia Nf 3.3s0 245,000.00 0.07
Sia:iaEmaloveaaau 4.800 0.07
5 vnchrony Bank 5.000 0.07
TEx-s Exchange Bank, SSB 1.250 249,000.00 0-07
ftre eitney Bowes Bank, lnc. 4.400 244.000.00 0.07
"'-!J",'-".---';'!!!
i5ir(iFederat-&L of Ct€vetarfi 3.5 6 I 28 I 2027 _ Third Federal S&L of cleveland 3.500 245,000.00 0.07 Tovota Finsncial Savings Bank o.65 249,000.00 0.0
UniBank 4.750 244,000.00 0.07

3.45 4.6 Bank

3.450 0.07
F6stem Alliance Bank 5,050 243,000.00 0.07
$b Tolrai, AvereEe Gdlificete Ot oopo'it 4.035 I 19.676,000.00 5.79

2.500.000.00 n7a0.00cBofA Securities lnc.lnc 0
2,500,000.00 0.740.00cilitRsricoe cte NvhlY0 1
2,500,000.00 0.740.00c

1.475,000,000.000.000Met Life Short Term Funding
-
0,740-000 2,500.000,00MOFG BanK Ltd/NY
Short
2,500,000.00 0.740.000tr,lUFE aant< uauYo 91312024
2,500,000.00 o.740.000Natixis NY

0.740.000 2,500,000,0Natixis NY
1t16t2025
0 2,500,000.0( 0.740.000Natixis NY

7.3€0.000ffil Paper
2,000,000.00 0.590,800

2.000,000,00 0.594.000Bank of America CorP
-
BanFof America Co.p 4 5 I 5 I 2026'22 0.291.000.000.005.500ank of America CorpEZ;i;?ffi;rtce6 E:5 571 6 t2025'24 0.591,22Ciltnk of Montreal

1.220 1Bank of Monkeal
-
Bank of Montreal
of
1,000,000,0 o.294.300Fier-Arnerican Devet Br
4 0.311,045,000.04.500ntl. Finance Corp,
1,000,000.00 0.292.950JP Morqan Chase & CoJP Moroan Chase & Co 2.95 101112026 -
o.2g1,000,000.005.050assMutual Global Funding
0_294.754 1,000,000.00ffiEan Stanlev Aank NA4.754 1,500,000.00 0.441.200Life GF ll1.2 o.293.250 3,000,000.00 0.884.728of8t2025
865,000.00 o,253,300State Street CorPc.J o.2g1.000,000,005.104State Street CorPStreet 0.792,678,000,00Tovota Motor Credit CorP. 3.400411Motor 4.650Motor4.65Motor 0.595.250 2,000,000.00USAA Capital Corp o.2g5.251Weils farso Bank NANA 32.088.000.0 9,443.50.2uu total tArrcfaoe Cormnate Eond FFCB 1.7501 2,000,000.00 0.59
FFCB 2,8 11t2512025
FFeB 3 875 2114t2028
FFCB 0.59
FFcg 3.875 2114t202E
FFCB 4 51912025 FFCB 4.0001 2,000,000.00 0.5s

Page 127 ends

09/24/2024 Item No.12.

FFCB 4,25 81712024 FFCB 4.2501 2,ooo,ooo,oo nEo
FFCB o.59
FFCB 5.o8ol 2.000,000.00 0.59
FFCB 5.3301 1,000,ooo.oo 0.29
FFCB 00 0.59
FFCB s.5 11t2512024

5.51 5114t2029-25 FFCB 5.s101 2,000,000.00 0.59
FFCB s.6201 3,000,000.00 0.E6

4.4301 22,000,000.00 6-46

0.50,600 2,000,000.00FHLBffiu612ni'0,/: 0.1 50.70c 500,000.00FHLB

0.591.375 2,000,000.00FHLB

0. 1

2.000.000.00 0.592.974FHLB
0,592.000,000.003.000FHLB
1 0.293_200FHLB

0.293.500 1,000,000.0(FHLBLB 3,5 1,250,000,00

3.000,000,00

4.000FHLBffi4rd4t2o2a-42
0_37
0,8E
FHLB 4.7 3t22t202e-2 0.885.080 3,000,000.00FHLB
0,E85.250FHLB
3,000,000.00 0.885.300FHLE

0.883.000,000.005.340FHLB
O,EE5.400 3.000.000,0cFHLB5.4 o,5t2.000 2,000,000.00FHLB-23 1.350.000.00 0.403.000FHLB

2.000,000.00

0.591.100FHLB
@z
crrh Totrl / AveBoe FHLB Bond
1 0.9237,1 00,000.003.757
o,293.450 1,000.000.00FHLMCffiffir,4su25:i2025-23 0443.750 I,500,000.00FHLMC

0.712.400,000.004.000FHLMC

0.441.500,000.004.000FHLMC
o.2s1,000,000.0c4,30UFHLMC4.3 o.41,500,000.005"050FHLMC

2.000,000.00 0.595.350FHLMC
FH
FH 0.595.400 2,000,000.00
t4 d^n nnn nnFHLMC

4.500I

0.3751 2,000,000.001 0.59FNMAFNtrln 0.e75 BTZg2ozs 0.5s5.0001 2,00o,oo0.oolFNMA --s.6soT-1poo,ooo,ool

0.29FNMA
--sra6l s,ooo,ooo.ool 1.47
SiET6EiJIveraoe rt'lMABono

4.774,444.13 1-415.300
9,016,122.13 2.65
MM 4.0613.791,006,265.300Wells Fargo MM
SrrU total / AvsrBoo Money Ma*et
500,000.00
1,280,000,00
1,000,000.00
300,000.00

3.460

1.062

2.O16

5.000
Alameda Countv GOBs
Alvord USD GOBS
Antelooe Vallev CCD
Atascadero Comm. RDA-SAot1t2026

3.46 2.016
GOBS 1
Comm.Atascadero Comm. RDA-SA 5 1ol1l2u2b,
Eelmont-Redwood Shores SD 0.638 81112024
aevedv Hitts USD 2.45 e1112024 o.232.550Hills USL) 2.65 811t2025 1.000.000,00 0.292.700$Glt HliG Uso2.7 8t1 1,865,000.00 0.550.7513A St DWR Cent Val Proj

0.481.625,000.001.051CA St DWR Cent Val ProieA St DwR Cent Val Proj 1.051 121112026-21 -
o121.188 400.000.00Carson RDASA TABseffiA r,\Ealil9 antzo2! 5,401Callfornia etASS.ASS LGIP

2.31 69.678.412.31

20.51 20.515.401GEoe Local Cot/emmant lnvcstment PoQ!
- 3,47114.550
1 944.550 1

Page 128 ends

09/24/2024 Item No.12.

Carson RDASA TABS 1,288 81112025 ArSON RDASA TABS 1.288 300.000,00 Citrus CCD GOBs 0.669 8/1/2024 Citrus CCD GOBS 0.669 400,000.00 o-'12 81112025 Cihus CcD GOBS 0.819 400,000,00 o.12
olton USD 0.882 81 1 t2024 Colton USD O.EE2 1,000.000.00 0.2s CSU Revenue Bonds 0"563 111112024 CSU Revenue Bonds 0.563 615,000,00 0.18 ISU Revenue Bonds 0.685 111112024 isu Ravenue Bonds 0.6E5 s00.000.00 c t2028 CSU Revenue Bonds 1.521 2,000,000.00 I
)SU Revenue Bonds 2,064 111112928 CSU Revenu€ Bonds 2.084 1,650,000.00 )unarlino USD 2.25 8t112027 Cuperlino USD 2,254 1,315,000.00 0.39 Davls RDA-SA TABS 2 911 12025 Davis RDA-SA TABg 2.000 435.000.00 0.13 Dixon USD 0.953 8i1l2025 lixon USD 1 00,000.00
Folsom Cordova USD lmp Dist 2 1.000.000.00 0.i
:olsom Cordova USD lmp Oisl22191112025 Folsom Cordova USD lmp Dist 2 2.00c 1.040,000.00 0.31 Hope ESD 0.97 81112025 ooe ESD 0.970 300,000.00 0.09
coe ESD 1.17 81112026 Hope ESD 1.170 285.000.00 0.08
iverrnore Vallev Joint USD 1.766 81112028 Livermo16 Valley Joint USD 1.766 1,690,000.00 0.50 Los Altos SD 1 101112024 Los Allos SD 1.000 2.000.000.00 Marin CCD GOs 0.679 81112026 Marin CCD GOs 0.679 900.000.00 0.26 lVlarin CCD GOs 3.372 8l1l2o2S-23 Marin CCD GOs 3.372 1,000,000.00 l\Ioreno Valley USD 1.941 81112024 Ivloieno Vallev USD 1.941 1 S5,000.00 0.06 M SD 2.202 st1t2o25 Moreno Valley USD 2.203 1 00,000.00 Moreno Valley USD 2.328 1 I 0,000.00 0.03
Hifl RDA-SA 0.961 9l'l 1202s Moraan Hill RDA-SA 0.961 1,425,000.00 0.42 Novato RDA-SA 2.42 91 1 12027 ovato RDA-SA 2.420 1,545,000.00 0.45 Oak Grove SD 0.561 81112024 Oak Grove SD 0.561 600,000.00 0,18 Oxnard SD GOBS 0.82 81112024 Oxnard SD GOBs 0.820 345,000.00 10 Oxnard UHSD '1.256 81112025 xnard UHSD 1,256 500,000.00 0.15 talomar CCD 0.8U An12025 Paloma. CCD 0,881 300,000.00 0.09 Area 5,3

0.67 5.300 1,000,000.00
680.000.00

0.29 rttrsourc uDu u.o, at ravzq
Rancho Santiaqo CCD GOBs 0.634 91112024
k
Rancho Santiago CCD GOBs 0"634 1,000.000.00
Sacramento Rsg Sanitation District 1.042 'l2l1l2o2 Sacramento Reo. Sanitation District 1.042 2,305,000.00 0.68 St; Bernad n o Tnt! s-DE:S I I 1 t 2025 San Bemadino City USD 6.5U0 500,000.00 .15 San Bemadino Citv USD 6,500 300,000.00 o.09
san Bernardlno ceD 0.605 81112024 San Bemardino CCD 0.605 1,000,000.00 nro San Jose Evergreen CCD 0.921 1.000.000.0( 0.29
San Jose Ev€rglesn CCD 5.070 1.500,000.00
Sa[ JosaFEA-S-.076 gnnozs an Jbse RDA-SA 3,076 1 ,1 70,000.00 Jose RDA-SA 3.176 8/1 12026 San Jose RDA-SA 3,1 76 2,1 70,000.00 ian .Iose RDA-SA ?,226 81112027 San Jose RDA-SA 3.226 1,500,000.00 0.44 San Jose RDA-SA 3,22a al1l2g27 San Jose RDA-SA 3.226 1.000,000.00 0.29 San Jose USD 1,01 4 8t 1 12027 an Jose USD '1.o14 700,000.0( 0.21 Santa Ana Comm RDA-SA 3.e67 91112027 Santa Ana Comm RDA-SA 3.967 1,485,000.00 Santa Clarita PFA L€ase Rev 1.176 61112025'20 Santa Clarita PFA Lease Rov 1.176 360,000.0c 0.11 'to1112026-25 St. of Texas GOB's 3.011 2,000,000.0c 0.59 St. of Texas GOBS s.000 785,000"00 0.23
itate of califomia ao 1.7 21112028 State of California GO 1,700 2,000;000.00 0.5s State of Califomia GO 2.375 101112026 State of Califomia GO 2.375 1,600,000.00 0.47 Stat€ of Califomia GO 2.375 101112026 State of California GO 2.375 81 5.000.00 0.24 State of Califomia GO 3.05 4l'112029 State of Calificrnia GO 3.050 2.000.000.00 0.59 State of Califomia GO 3.375 41112025 State of California GO 3,375 2.000,000.00 0.59 State of Califomia GO 4.846 31112027 State of Califoinia GO 4.846 1,000,000.00 0.21

5.1 3t112029 State of California Go 5.'t0c 1,410,000.00 State of Delaware GOB'S 4.45 71112028 State of Delaware GOB'S 4.454 I,500,000.00 0.44 usD 5.285 Sulphur Sprinqs USD 5.285 265,000.00 0.08
UC Reoents GRBS Ser AX 3.063711n025 UC Resents GRBS SerAX 3.063 985,000.00 UC Reaents GRBs Ser AX 3,063 71112025 UC Reqents GRBs SerAX 5.UOJ 2.000.000.00 UC Reqents GRBs Ser BG 1.316 511512027 uc Reoents GRBs Ser BG 1.316 L000.000.00 BG 1.316 5/1 1.316 1 0.29
UC ReEents MCPRBS Ser M 2.659 511512028 UC Reqents MCPRBS Ser M 2.659 900,000.00 0.26 Ventura CCD 2.317 81112028 Ventura CCD 2.317 2.1 E0.000.00 0,64 Yosemite CCD 0.804 500,000.00 0.15
Yosemite CCO 1.35 81112026 Yosemite CCD 1.350 680,000.00 Yosemite CCD 1.35 81112026 Yosemite CCD 1.3b0 820,000.00 o_24 8t1t2024 Vos-mite CCD 1-440
0Yosemlte
Yosemit€ CCD 1.912 81112026 Yosemite CCD 1.912 250.000.00 Yos€mite CCD 2.0a2 ant2027 Yosemlte CCD 2.082 2,000.000.00 0.

Sub Totrl , Avofaas Munlch|l Bond 2.299 78,460,000.0r 23.09

Page 129 ends

09/24/2024 Item No.12.

Page 130 ends

09/24/2024 Item No.12.

ATTACHMENT 3

Page 131 ends

09/24/2024 Item No.12.

Transaction Summary - lnvestment Report
Portfolio / Report Group: Ci$ of Folsom
City of Folsom
Transactions Summary
Group BY: Action
Begin Date: 0410112024, End Date: 0613012024
Face
AmUSharce Prlnclpal
l, SecurityTypeDesbription
300510/'l
6127512t2912025Bank of America

4.7Bank

5.51 sil
FHLB 5.25
LB Bond5.34 6/1

5.400
6t28t2024
4t17t2029
0005.05
erm
161 ,11
1t2t2025
1 ,1 39,521Jose 3.076

5.1 1

4.8074t112029BondGO 3.05
51242424Bond
8556t2024Bond12t16t2024
4t2512024Note25 10t3 5.3212,6313.4 4t1
3t2024Bond5t15t2027GRBs
Bond
Westem 1
Rev 0.73
6n412024
611412024BondFHLB 5,25 249
4t2612024Bond
NYO
Bond
000.

Ser BF

Page 132 ends

09/24/2024 Item No.12.

Folsom City Council
Staff ort
MEETING DATE: 912412024
AGENDA SECTION: Joint Meeting Public Hearing
SUBJECT: Folsom Ranch Financing Authority City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024
ResolutionNo. 11266 - Resolution of the City Council of the City of Folsom Authorizing the Issuance of the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area- Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024, the Execution of an Indenture Providing therefor, Authorizing the Execution of a Local Obligation Purchase Contract, and Authorizing Necessary Actions and the Execution of Other Documents in Connection therewith
Resolution No. 012- Folsom Ranch FA - Resolution of the Governing Board of the Folsom Ranch Financing Authority Authorizing the Issuance, Sale and Delivery of Not to Exceed $50,000,000 Aggregate Principal Amount of City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area- Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024; Approving the Form and Substance of a Trust Agreement, Authorizing Modifications thereof and Execution and Delivery as Modified; Approving a Preliminary Official
Statement, Authorizing Changes thereto and Execution and Delivery of an Official Statement to be Derived therefrom; Approving a Local Obligation Purchase Contract and a Bond Purchase Contract and Execution and Delivery of Each; and Authorizing Related Actions Necessary to Implement the
Proposed Financing
FROM: Finance Department
i

Page 133 ends

09/24/2024 Item No.13.

RECOMME ATION / CITY CO ACTION
It is recommended that the City Council adopt the following resolution:

Resolution No. 1 1266 - Resolution of the City Council of the City of Folsom Authorizing the Issuance of the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024, the Execution of an Indenture Providing therefor, Authorizing the Execution of a Local Obligation Purchase Contract, and Authorizing Necessary Actions and the Execution of Other Documents in Connection therewith.

It is recommended the Governing Board of the Authority adopt the following resolution:

Resolution No. 012- Folsom Ranch FA - Resolution of the Governing Board of the Folsom Ranch Financing Authority Authorizing the Issuance, Sale and Delivery of Not to Exceed $50,000,000 Aggregate Principal Amount of City of Folsom Community Facilities DistrictNo. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024; Approving the Form and Substance of a Trust Agreement, Authorizing Modifications thereof and Execution and Delivery as Modified; Approving a Preliminary Official Statement, Authorizing Changes thereto and Execution and Delivery of an Official Statement to be Derived therefrom; Approving a Local Obligation Purchase Contract and a Bond Purchase Contract and Execution and Delivery of Each; and Authorizing Related Actions Necessary to Implement the Proposed Financing.

BACKGROUND / ISSUE
Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) (CFD No. 18) is a community facilities district organized by the City Council under the Mello-Roos Act for the purpose of providing for the construction and acquisition of certain public improvements and the financing of certain services to serve property within CFD No.

18. The City established CFD No. 18 on December 8,2015, and in November 2018 change proceedings for CFD No. 18 were held, which approved an Amended Rate and Method of Apportionment. CFD No. 18 consists of a gross area of approximately 3,520 acres and is located wholly within the southern portion of the City of Folsom, bounded by U.S. Highway 50, white Rock Road, Prairie city Road, and the El Dorado county Line.

Development within CFD No. 18 is planned to include 13,343 dwelling units and 2.5 million square ieet of commercial, office/industrial and mixed use, as well as 275.7 acres of public and quasi-public use (public and private schools, parks and infrastructure), 182 acres of major roads and 1,114.5 acres of open space. Property within CFD No. 18 includes undeveloped properties as well as properties in varying stages of development, including entitled lots, finished lots, homes and commercial sites under construction, and completed homes and commercial sites. 2Page 134
09/24/2024 Item No.13.

Bonds are being issued to finance the construction of certain public capital improvements servicing the Folsom Plan Area. The improvements consist primarily of 19,050 linear feet of water transmission pipeline to provide expanded water transmission conveyance capabilities to deliver water from the water treatment plant to CFD No. 18. Construction is required to mitigate increased demand because of development within CFD No. 18. In addition, a portion of the proceeds of the bonds may be used to reimburse certain developers within the Folsom Plan Area for the first phase of public water infrastructure and may also be used to construct other authorized facilities including certain water facilities, sanitary sewer facilities, an aquatic center, quarry road improvements, certain trails, interchanges and roadway widenings, and other backbone infrastructure needed to serve the Folsom Plan Area.

Notice of this public hearing was published in the Folsom Telegraph on September 13, 2024'

POLICY / RIII,E,
Resolution No. 9282 - A Resolution of the City Council of the City of Folsom Approving Goals and Policies for Community Facilities Districts
Chapter 3.110, "Community Facilities Financing", of the Folsom Municipal Code Mello-Roos Community Facilities Act of 1982
Marks-Roos Local Bond Pooling Act of 1985

ANALYSIS
The Folsom Ranch Financing Authority City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024 (Series 2024 Revenue Bonds) are being issued by the Folsom Ranch Financing Authority (FRFA) in a not to exceed amount of $50,000,000 to finance the purchase of the limited obligation special tax bonds (Local Obligations), issued by CFD No. 18. The purchase price ofthe Local Obligations will be used to finance the acquisition and construction of certain public facilities, fund a debt service reserve account, and pay certain costs ofissuance ofthe Local Obligations and Series2024 Revenue Bonds.

A special tax will be levied and collected annually to service the Local Obligations and every year, CFD No. 18 shall determine the annual special tax requirement. The annual special tax requirement is that amount of special tax revenue required in any fiscal year for CFD No. 18 to:
. Pay administrative expenses
. Pay annual debt service on all outstanding bonds for CFD No. 18 . Pay other periodic costs on outstanding bonds, including credit enhancement or rebate payments, if applicable
. Pay any amounts required to replenish the reserve fund a-l Page 135
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. Pay for reasonably anticipated delinquent special taxes . Fund CFD No. 18 PAYGO costs
. Pay for authorized services
. Pay other associated costs as listed in the Amended Rate and Method of Apportionment The special tax shall be levied each fiscal year proportionately on each Sacramento County assessor's parcel of taxable property within CFD No. 18 at a rate up to 100% of the applicable maximum special tax to satis$' the annual special tax requirement. The aggregate assessed and appraised value for taxable property within CFD No. 18 is $2,943,572,29I and the value-to- lien ratio is 11.5:i, which is in compliance with the City's debt policy. The total projected property tax level for developed residential property within CFD No. 18 ranges from approximately 1.49o/o to 1.81% andat the time of the issuance of the Series 2024 Revenue gonds shall not exceed 2.0Yo of the estimated sales price of the respective homes to be constructed in CFD No. 18.

Upon the conclusion of the noticed public hearing, and by adopting the proposed City Council Resolution, the City Council is taking the following actions in connection with the Local Obligations:

1. Determining that there are significant public benefits to the City from the proposed financing and approving the Series 2024Revenue Bonds

2. Authorizing the issuance of an aggregate principal amount of not to exceed $50,000,000 in Local Obligations

3. Approving the form and substance and the execution and delivery of the Indenture with U.S. Bank Trust Company, National Association

4. Approving the form and substance and the execution and delivery of the Continuing Disclosure Certificate

5. Approving the form and substance and delivery of the Preliminary Official Statement, and authorizing the preparation, delivery and execution of a final Official Statement

6. Approving the form and substance and execution and delivery of the Local Obligation Purchase Contract

7. Approving the form and substance and execution and delivery of the Trust Agreement

8. Authorizing the officers of the City to execute any and all documents and instruments, for and on behalf of the City andlor CFD No. 18, to carry out the issuance of the Local Obligations
By adopting the proposed FRFA Resolution, the Governing Board is taking the following actions in connection with the Series 2024Revenue Bonds:

1. Authorizing the issuance of an aggregate principal amount of not to exceed $50,000,000 in Series 2024Revenue Bonds

2. Approving the form and substance and execution and delivery of the Trust Agreement

3. Approving the form and substance and execution and delivery of the Local Obligation Purchase Contract
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Approving the form and substance and execution and delivery of the Bond Purchase Contract
Approving the form and substance of the Preliminary Official Statement, authorizing the Treasurer to determine when said Preliminary Official Statement is final and authorizing the distribution of both the Preliminary Official Statement and the Official Statement to be distributed by the Underwriter.

Authorizing the officers of the FRFA to execute and deliver any and all documents, and to do any and all things deemed necessary to comply with the terms and intent of this resolution.

Other documents included as exhibits to this staff report include Preliminary Official Statement
Trust Agreement
Indenture
Local Obligation Purchase Contract
Bond Purchase Agreement
Continuing Disclosure Certifi cate
Good Faith Estimates
The City has engaged the following consultants to assist in the issuance of the Series 2024 Revenue Bonds

6. a
a
a
a
o
a
Bond Counsel:

Disclosure Counsel:

Tax Consultant:

Financial Advisor:

Trustee:

Underwriter:

Orrick, Herington & Sutcliffe LLP
Orrick, Herrington & Sutcliffe LLP
NBS
Fieldman, Rolapp & Associates, Inc.

U.S. Bank Trust Company, National Association
Piper Sandler & Co.

FINANCIAL IMPACT
There is no discernable financial impact on the City of Folsom. All costs associated with the issuance of the Series 2024Revenue Bonds are solely the responsibility of CFD No. 18 and are expected to be paid from the proceeds of the Series 2024 Revenue Bonds. The City will receive reimbursement from the issuance of the Series 2024Revenue Bonds for staff time and expenses and will receive an annual administrative fee throughout the term of CFD No. 18; these amounts are intended to offset expenses incured by the City for administration and other items.

ENVIRONMENTAL REVIEW
Environmental review for the future public infrastructure subject to this action was completed in the South of Highway 50 Backbone Infrastructure Project Initial Study/Mitigated Negative 5 Page 137
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Declaration and resultant Mitigation Monitoring and Reporting Program dated February 2015. No further environmental review is required.

ATTA S

1. Resolution No. I 1266 - Resolution of the City Council of the City of Folsom Authorrzing thelssuanceoftheCityofFolsomCommunityFacilitiesDistrictNo. 18(FolsomPlanArea - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024, the Execution of an Indenture Providing therefor, Authorizing the Execution of a Local Obligation Purchase Contract, and Authorizing Necessary Actions and the Execution of Other Documents in Connection therewith

2. ResolutionNo. 012- Folsom Ranch FA - Resolution of the Governing Board of the Folsom Ranch Financing Authority Authorizing the Issuance, Sale and Delivery of Not to Exceed $50,000,000 Aggregate Principal Amount of City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2}24;Approving the Form and Substance of a Trust Agreement, Authorizing Modifications thereof and Execution and Delivery as Modified; Approving a Preliminary Official Statement, Authorizing Changes thereto and Execution and Delivery of an Official Statement to be Derived therefrom; Approving a Local Obligation Purchase Contract and a Bond Purchase Contract and Execution and Delivery of Each; and Authorizing Related Actions Necessary to Implement the Proposed Financing.

3. Trust Agreement by and among the Folsom Ranch Financing Authority and the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) and U.S. Bank Trust Company, National Association, as Trustee

4. Indenture between the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) and U.S. Bank Trust Company, National Association, as Trustee

5. Preliminary Off,rcial Statement for the Folsom Ranch Financing Authority City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024

6. Local Obligation Purchase Contract for the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Bonds, Series 2024 between the Folsom Ranch Financing Authority and the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services)

7. Bond Purchase Agreement for the Folsom Ranch Financing Authority City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and 6 Page 138
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Services) Special Tax Revenue Bonds, Series 2024between the Folsom Ranch Financing Authority and Piper Sandler & Co.

8. Continuing Disclosure Certificate
g. Good Faith Estimates for the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Bonds, Series 2024 and the Folsom Ranch Financing Authority City of Folsom Community Facilities DistrictNo. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series2024
Submitted,
Tamagni
Finance Director
Treasurer of the Folsom Ranch Financing Authority
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ATTACHMENT 1

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RESOLUTION NO. 11266

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF FOLSOM AUTHORIZING

THE ISSUANCE OF THE CITY OF FOLSOM COMMUNITY FACILITIES DISTRICT NO. 18 (FOLSOM PLAN AREA - AREA-WIDE IMPROVEMENTS AND SERVICES) SPECIAL TAX BONDS, SERIES 2024, THE EXECUTION OF AN INDENTURE

PROVIDING THEREFOR, AUTHORIZING THE EXECUTION OF A LOCAL

OBLIGATION PURCHASE CONTRACT, AND AUTHORIZING NECESSARY

ACTIONS AND THE EXECUTION OF OTHER DOCUMENTS IN CONNECTION

THEREWITH
WHEREAS, the City Council (the "City Council") of the City of Folsom (the "City") has formed the City of Folsom Community Facilities District No. 18 (Folsom Pian Area -
Area-Wide
Improvements and Services) (the "Community Facilities District") under the provisions of the Mello-Roos Community Facilities Act of 1982 (the "Act"); and WHEREAS, the Community Facilities District is authorized under the Act to levy special taxes (the "special Taxes") to pay the costs of certain public facilities (the "Facilities") and services and to issue bonds payable from the Special Taxes; and WHEREAS, in order to provide funds to finance certain of the Facilities (the "Project"), the Community Facilities District proposes to issue not to exceed $50,000,000 principal amount of its City of Folsom Community Facilities District No. 18 (Folsom Plan Area -
Area-Wide
Improvements and Services) Special Tax Bonds, Series 2024 (the "Local Obligations"); and WHEREAS, the Folsom Ranch Financing Authority (the "Authority") has agreed to purchase the Local Obligations pursuant to a Local Obligation Purchase Contract (the "Local Obligation Purchase Contract") between the Authority and the Community Facilities District with a portion of the proceeds of the Authority's City of Folsom Community Facilities District No. 18 (Folsom Plan Area- Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024 (the "Authority Bonds"); and
WHEREAS, the City Council has determined in accordance with Government Code Section 53360.4 that anegotiated sale of the Local Obligations to the Authority in accordance with the terms of the Local Obligation Purchase Contract will result in a lower overall cost to the Community Facilities District than apublic sale; and
WHEREAS, there has been submitted to the City Clerk of the City (the "City Clerk") a form of Indenture, between the Community Facilities District and U.S. Bank Trust Company, National Association, as trustee (the "Indenture"), providing for the issuance of the Local Obligations and a form of Local Obligation Purchase Contract providing for the sale of the Local Obligations to the Authority; and
WHEREAS, there has been submitted to the City Clerk a form of Trust Agreement (the "Trust Agreement"), among the Authority, the Community Facilities District and U.S. Bank Trust Company, National Association, as trustee, providing for the issuance of the Authority Bonds; and Resolution No. 11266

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WHEREAS, the Authority has authorized the sale of the Authority Bonds to Piper Sandler & Co., as underwriter (the "Underwriter"), with the net proceeds of sale thereof to be utilized to purchase the Local Obligations from the Community Facilities District; and WHEREAS, the Community Facilities District desires to assist the Underwriter in its compliance with Rule I5c2-12 promulgated under the Securities Exchange Act of 1934 ("Rule l5ci-12"1 pursuant to a Continuing Disclosure Certificate (the "Continuing Disclosure Certificate"); and
WHEREAS, the form of a Preliminary Official Statement (the "Preliminary Official Statement") to be used in connection with the offering and sale of the Authority Bonds has been prepared and is on file with the City Clerk; and
WHEREAS, there have been prepared and submitted to the City Council for consideration at this meeting the forms of:
(a) the Trust Agreement;
(b) the Indenture;
(c) the Local Obligation Purchase Contract;
(d) the Continuing Disclosure Certificate; and
(e) the Preliminary Official Statement; and
WHEREAS, the City Council has considered the evidence of the public benefits to the Community Facilities District of the proposed financing and is fully advised in the premises; and WHEREAS, the Community Facilities District desires to proceed to issue and sell the Local Obligations and to authorrze the execution of such documents and the performance of such acts as may be necessary or desirable to effect the offering, sale and issuance of the Local Obligations; and
WHEREAS, on this date, the City held a public hearing on the financing of the Project in accordance with Section 6586.5 of Articles I,2,3 and4 of Chapter 5 of Division 7 of Title 1 (commencing with Section 6500) of the Government Code of the State of California (the "Marks- Roos Act"); and
WHEREAS, in accordance with Section 6586.5 of the Marks-Roos Act, notice of such hearing was published once at least five days prior to the hearing in the Folsom Telegraph, a newspaper of general circulation in the City; and
WHEREAS, Government Code Section 5852.I requires that the City Council obtain from an underwriter, financial adviser or private lender and disclose, prior to authorization of the issuance of bonds with a term of greater than 13 months, good faith estimates of the following information in a meeting open to the public: (a) the true interest cost of the bonds, (b) the sum of all fees and charges paid to third parties with respect to the bonds, (c) the amount of proceeds of Resolution No. 11266

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the bonds expected to be received net ofthe fees and charges paid to third parties and any reserves or capitalized interest paid or funded with proceeds of the bonds, and (d) the sum total of all debt service payments on the bonds calculated to the final maturity of the bonds plus the fees and charges paid to third parties not paid with the proceeds of the bonds; and WHEREAS, in compliance with Government Code Section 5852.1, the City Council has obtained from Fieldman, Rolapp & Associates, Inc., the municipal adviser to the Community Facilities District, the required good faith estimates and such estimates have been disclosed at this meeting; and
WHEREAS, the City Council is the legislative body of the Community Facilities District; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Folsom, as follows:

Section 1.
and determines.

The foregoing recitals are true and correct, and the City Council so finds Section 2. The City Council, on behalf of the City, hereby approves the issuance of the Authority Bonds to finance the Project and finds that the use of the Marks-Roos Act to assist the Community Facilities District in financing the Project will result in significant public benefits to the citizens of the City, including more efficient delivery of local agency services to residential and commercial development.

Section Subjectto the conditions described in Section 8, the issuance of the Local Obligations in an aggregate principal amount not to exceed $50,000,000, on the terms and conditions set forth in, and subject to the limitations specified in, the Indenture, is hereby authorized and approved. The Local Obligations shall be dated, shall bear interest at the rates, shall mature on the dates, shall be subject to redemption, shall be issued in the form, and shall be as otherwise provided in the Indenture.

Section 4. The form of the Indenture providing for the issuance of the Local Obligations, on file with the City Clerk, is hereby approved, and the City Manager of the City (the "City Manager"), the Finance Director of the City (the "Finance Director") and such other officers of the City as the City Manager or the Finance Director shall designate (each an "Authorized Officer" and collectively, the "Authorized Officers") are, and each of them is, hereby authorized and directed, for and in the name and on behalf of the Community Facilities District, to execute and deliver the Indenture in substantially said form, with such changes therein as may be approved by the City Attorney of the City (the "City Attorney"), such approval to be conclusively evidenced by the execution and delivery thereof.

Section 5. The form of the Continuing Disclosure Certificate, in substantially the form submitted to this meeting and made a part hereof as though set forth in full herein, is hereby approved. The Authorized Officers are, and each of them is, hereby authorized and directed, for and in the name of the Community Facilities District, to execute and deliver the Continuing Disclosure Certificate in the form presented to this meeting, with such changes, insertions and omissions as the Authorized Officer executing the same may require or approve, such requirement Resolution No. 11266

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or approval to be conclusively evidenced by the execution of the Continuing Disclosure Certificate by such Authorized Officer.

Section 6. The Preliminary Official Statement, in substantially the form presented to this meeting andmade aparthereof as though set forth in full herein, with such changes therein as may be approved by an Authorized Officer, is hereby approved, and the use of the Preliminary Official Statement in connection with the offering and sale of the Authority Bonds is hereby authorized and approved. The Authorized Officers are, and each of them is, hereby authorized and directed, for and in the name of the community Facilities District' to certi$r to the underwriter that the Preliminary Official Statement has been "deemed final" for purposes of Rule l5c2-12.

Section The preparation and delivery of a final Official Statement (the "Official Statement"), and its use in connection with the offering and sale of the Authority Bonds is hereby authorized and approved. The Official Statement shall be in substantially the form of the Preliminary Official Statement, with such changes, insertions and omissions as may be approved by an Authorized Officer, such approval to be conclusively evidenced by the execution and delivery thereof. The Authorized Ofhcers are, and each of them is, hereby authorized and directed to execute the final Official Statement and any amendment or supplement thereto, for and in the name of the Community Facilities District.

Section 8. The form of the Local Obligation Purchase Contract providing for the sale of the Local Obligations to the Authority, on file with the City Clerk, is hereby approved, and the Authorized Officers are, and each of them is, hereby authorized and directed, for and in the name of the Community Facilities District, to execute and deliver the Local Obligation Purchase Contract in substantially said form, with such changes therein as may be approved by the City Attorney, such approval to be conclusively evidenced by the execution and delivery thereof; provided that the final maturity of the Local Obligations shall be no later than September I,2059, the principal amount of the Local Obligations shall not exceed hfty million dollars ($50,000,000) and the true interest cost (taking into consideration the associated underwriter's discount and any original issue premium or discount relating to the Authority Bonds) of the Local Obligations shall not exceed six percent (6.0%).

Section 9. The form of the Trust Agreement, in substantially the form submitted to this meeting and made a part hereof as though set forth in full herein, is hereby approved. The Authorized Offrcers are, and each of them is, hereby authorized and directed, for and in the name of the Community Facilities District, to execute and deliver the Trust Agreement in the form presented to this meeting, with such changes, insertions and omissions as the Authorized Officer executing the same may require or approve, such requirement or approval to be conclusively evidenced by the execution of the Trust Agreement by such Authorized Officer.

10. Pursuant to Section 53345.8 of the Act and the City's Local Goals and Policies, the City Council hereby finds and determines that the value of the real property that would be subject to the Special Taxes to pay debt service on the Local Obligations will be at least three (3) times the principal amount of the Local Obligations to be sold and the principal amount of all other bonds outstanding that are secured by a special tax levied pursuant to the Act on property within the Community Facilities District or a special assessment levied on property within the Community Facilities District. The City Council determines in its sole discretion that it is Resolution No. 11266

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09/24/2024 Item No.13.
necessary and desirable to waive certain of its Local Goals and Policies to the extent the issuance of the Local Obligations does not conform thereto.

11. The officers of the City are hereby authorized and directed, jointly and severally, for and on behalf of the City andlor the
things that they may deem necessary or advisable
authorized and otherwise to carry out, give effect
Community Facilities District to do any and all
in order to consummate the transactions herein
to and comply with the terms and intent of this
resolution, including any subsequent amendments, waivers or consents entered into or given in accordance with any of the documents approved hereby. The City Manager, the Finance Director, the City Clerk and the officers ofthe City are hereby authorized and directed to execute and deliver, for and on behalf of the City andlor the Community Facilities District, any and all certificates and representations necess ary and desirable to accomplish the transactions set forth above.

Section 12. The City Council hereby approves the execution and delivery of all agreements, documents, certificates and instruments referred to herein with electronic signatures as may be
signatures
DocuSign.
permitted under the California Uniform Electronic Transactions Act and digital as may be permitted under Section 16.5 of the California Government Code using Section 13. This resolution shall take effect immediately upon its adoption. pASSED AND ADOPTED this 24rh day of September ,2024, by the following roll call vote AYES:

NOES:

ABSENT:

ABSTAIN:

Councilmember(s):

Michael D. Kozlowski, MAYOR
ATTEST:

Christa Freemantle, CITY CLERK
Resolution No. I1266

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ATTACHMENT 2

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RESOLUTION NO. OI2.FOLSOM RANCH FA

RESOLUTION OF THE GOVERNING BOARD OF THE FOLSOM RANCH

FINANCING AUTHORITY AUTHORIZING THE ISSUANCE, SALE AND DELIVERY oF NOT TO EXCEED S50,000,000 AGGREGATE PRINCIPAL AMOUNT OF CITY OF FOLSOM COMMUNITY FACILITTES DTSTRTCT NO. 18 (FOLSOM PLAN AREA -AREA-WIDE IMPROVEMENTS AND SERVICES) SPECIAL TAX REVENUE BONDS, SERIES 2024; APPROVING THE FORM AND SUBSTANCE OF A TRUST

AGREEMENT, AUTHORIZING MODIFICATIONS THEREOF AND EXECUTION AND DELIVERY AS MODIFIED; APPROVING A PRELIMINARY OFFICIAL

STATEMENT, AUTHORIZING CHANGES THERETO AND EXECUTION AND DELIVERY OF AN OFFICIAL STATEMENT TO BE DERIVED THEREFROM;

APPROVING A LOCAL OBLIGATION PURCHASE CONTRACT AND A BOND PURCHASE CONTRACT AND EXECUTION AND DELIVERY OF EACH; AND

AUTHORIZING RELATED ACTIONS NECESSARY TO IMPLEMENT THE

PROPOSED FINANCING
WHEREAS, the Folsom Ranch Financing Authority is a joint exercise of powers entity duly organized and existing under and by virtue of the laws of the State of California (the "Authority"); and
WHEREAS, the City Council (the "City Council") of the City of Folsom (the "City") has formed the City of Folsom Community Facilities District No. 18 (Folsom Plan Area -
Area-Wide Improvements and Services) (the "Community Facilities District") under the provisions of the Mello-Roos Community Facilities Act of 1982 (the "Act"); and WHEREAS, the Community Facilities District has completed its legal proceedings under the Act with respect to authorizingthe issuance and sale of the "City of Folsom Community Facilities District No. 18 (Folsom Plan Area
-
Area-Wide Improvements and Services) Special
Tax Bonds, Series 2024- (the "Local Obligations") for the purpose of financing certain public facilities within the City south of Highway 50; and
WHEREAS, the Community Facilities District is empowered under the provisions of the Act to undertake legal proceedings for the levy of a special tax and for the issuance, sale and delivery of special tax bonds upon the security of the recorded special tax liens; and WHEREAS, the Authority is empowered under the provisions of Article 4, Chapter 5, Division 7 , Title I of the California Government Code (the "Law") to issue its bonds for ihe purpose of purchasing various local obligations issued by certain local agencies and applying the proceeds of the bonds to finance certain authorized public facilities; and WHEREAS, the Authority desires to issue the "Folsom Ranch Financing Authority City of Folsom Community Facilities District No. 18 (Folsom Plan Area -
Area-Wide
Improvements and Services) Special Tax Revenue Bonds, Series 2024" (the "Bonds") pursuant to that certain Trust Agreement (the "Trust Agreement"), among the Authority, the Community Facilities District and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), in order to provide funds to purchase the Local Obligations; and Resolution No. 012-Folsom Ranch FA

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WHEREAS, the Authority has determined that the estimated amount necessary to finance the purchase of the Local Obligations will require the issuance of the Bonds in the aggregate principal amount not to exceed fifty million dollars ($50,000,000); and WHEREAS, the Authority and the Community Facilities District have determined that all things necessary to make the Bonds, when authenticated by the Trustee, and issued as provided in the Trust Agreement, the valid, binding and legal obligations of the Authority according to the import thereof and hereof have been done and performed; and WHEREAS, in furtherance of implementing the financing, there have been filed with the Authority Secretary for consideration and approval by this Board forms of the following:
(a) a Trust Agreement, under the terms of which the Bonds are to be issued and the Revenues (as said term is defined in the Trust Agreement and as said Revenues are received by the Authority as holder of the Local Obligations) are to be administered to pay the principal of and interest on the Bonds; (b) a Local Obligation Purchase Contract, under the terms of which, among ottro tfri"gf ttr" @es District agrees to sell and the
Authority agrees to purchase the Local Obligations;
(c) a Bond Contract- under the terms of which, among other things, the Authority agrees to sell and the underwriter aglees to purchase the Bonds; and
(d) a Preliminary Official Statement, describing the Bonds and the Local OUtigatio*, unA
WHEREAS, Government Code Section 5852.1 requires that the Governing Board of the Authority obtain from an underwriter, financial adviser or private lender and disclose, prior to authorization of the issuance of bonds with a term of greater than 13 months, good faith estimates of the following information in a meeting open to the public: (a) the true interest cost of the bonds, (b) the sum of all fees and charges paid to third parties with respect to the bonds, (c) the amount of proceeds of the bonds expected to be received net of the fees and charges paid to third parties and any reserves or capitalized interest paid or funded with proceeds of the bonds, and (d) the sum total of all debt service payments on the bonds calculated to the final maturity of the bonds plus the fees and charges paid to third parties not paid with the proceeds of the bonds; and WHEREAS, in compliance with Government Code Section 5852.1, the Governing Board of the Authority has obtained from Fieldman, Rolapp & Associates, Inc., municipal adviser to the Authority, the required good faith estimates and such estimates have been disclosed at this meeting; and
WHEREAS, being fully advised in the matter of the proposed financing program, this Board wishes to proceed with implementation of said financing program; and Resolution No. 012-Folsom Ranch FA

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WHERB,AS, all acts, conditions and things required by the Constitution and laws of the State of California to exist, to have happened and to have been performed precedent to and in connection with the consummation of the financing authorized hereby do exist, have happened and have been performed in regular and due time, form and manner as required by law, and the Authority is now duly authorized andempowered, pursuant to each and every requirement of law, to authorize the execution and delivery of certain documents in order to further implement the financing in the manner and upon the terms herein provided; and WHEREAS, as required by the Law, the City has conducted a public hearing and has determined that the issuance of the Bonds by the Authority and the acquisition of the Local Obligations will result in significant public benefits, including more efficient delivery of local agency services to residential and commercial development.

NOW, THEREFORE, BE IT RESOLVED by the Governing Board of the Folsom Ranch Financing Authority as follows:

Section 1. The foregoing recitals are true and correct, and this Board so finds and determines.

Section 2. Pursuant to the Law, the Bonds shall be issued in the aggtegate principal amount of not to exceed frfty million dollars ($50,000,000). No Bond shall mature later than September 1, 2059.

Section 3. The form and substance of the Trust Agreement is hereby approved.

The Treasurer of the Authority or designee thereof is hereby authorized and directed, for and in the name and on behalf of the Authority, to execute and deliver the Trust Agreement in substantially said form, with such changes therein as such offtcer may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof.

Section 4. The form and substance of the Local Obligation Purchase Contract is hereby approved. The Treasurer of the Authority or designee thereof is hereby authorized and directed, foi and in the name and on behalf of the Authority, to execute and deliver the Local Obligation Purchase Contract in substantially said fotm, with such changes therein as such officer mayiequire or approve, such approval to be conclusively evidenced by the execution and delivery thereof.

Section 5. The form and substance of the Bond Purchase Contract is hereby approved. The Treasurer of the Authority or designee thereof is hereby authorized and directed, foi and in the name and on behalf of the Authority, to execute and deliver the Bond Purchase Contract in substantially said form, with such changes therein as such officer may require or approve, such approval to be conclusively evidenced by the execution and delivery thereof; piovided that the true interest cost of the Bonds shall not exceed six percent (6'0%) and the underwriter's discount (exclusive of original issue discount) shall not exceed one and one quarter percent (L25%).

Section 6. (a) The form and substance of the Preliminary Official Statement is hereby approved. The Treasurer of the Authority or designee thereof is authorized to execute the final Official Statement to be derived therefrom.

Resolution No. 012-Folsom Ranch FA

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09/24/2024 Item No.13.
(b) This Board hereby authorizes the Treasurer of the Authority or designee thereof to find and determine that said Preliminary Offrcial Statement in preliminary form is, and as of its date shall be deemed "final" for purposes of Rule l5c2-12 of the Securities and Exchange Commission, and the Treasurer of the Authority or designee thereof is hereby authorized to execute a certificate to such effect in the customary form.
(c) The Treasurer of the Authority or designee is authorized to approve corrections and additions to the Preliminary Official Statement by supplement or amendment thereto, by appropriate insertions, or otherwise as appropriate, provided that such corrections or additions shall be regarded by such offrcer as necessary to cause the information contained therein to .conform to facts material to the Bonds or the Local Obligations or to the proceedings of this Board or the City Council or that such corrections or additions are in form rather than in substance. (d) The underwriter of the Bonds is authorized to distribute said Preliminary Officiat Statement and the final Official Statement to be derived therefrom in connection with the sale and delivery of the Bonds.

Section 7. The officers of the Authority are hereby authorized and directed, jointly and severally, to do any and all things and to execute and deliver any and all documents, lncluding any agency agreement, which they may deem necessary or advisable in order to carry out, givg, effect to and comply with the terms and intent of this resolution, including any subsequent amendments, waivers or consents entered into or given in accordance with any of the documents approved hereby, and to obtain a policy ofbond insurance, a rating and/or a reserve fund surety poiiry for any series of the Bonds. Such actions heretofore taken by such officers are hereby ratified, confirmed and approved.

Section 8. This Board hereby approves the execution and deiivery of all agreements, documents, certificates and instruments referred to herein with electronic signatures ur *uy be permitted under the California Uniform Electronic Transactions Act and digital signatures ui *uy be permitted under Section 16.5 of the California Government Code using DocuSign.

Section 9. This resolution shall take effect immediately upon its passage.

Resolution No. 012-Folsom Ranch FA

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09/24/2024 Item No.13.
pASSED AND ADOPTED this 24th day of September ,2024, by the following ro11 call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Boardmember(s):

Michael D. Kozlowski, CHAIR
ATTEST:

Christa Freemantle, SECRETARY
Resolution No. 0l2-Folsom Ranch FA

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ATTACHMENT 3

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09/24/2024 Item No.13.

OH&S Draft
09110124

TRUST AGREEMENT
by and among the

FOLSOM RANCH FINANCING AUTHORITY
and the

CITY OF FOLSOM
COMMUNITY FACILITIES DISTRICT NO. 18
(FOLSOM PLAN AREA - AREA-WIDE IMPROVEMENTS AND SERVICES) and
U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION,
as Trustee
Relating to the
$[PAR]

FOLSOM RANCH FINANCING AUTHORITY
CITY OF FOLSOM COMMUNITY FACILITIES DISTRICT NO. 18
(FOLSOM PLAN AREA - AREA-WIDE IMPROVEMENTS AND SERVICES)

SPECIAL TAX REVENUE BONDS,
SERIES 2024
41s9-2660-3345.4
Dated as of [Dated Date]

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TABLE OF CONTENTS

ARTICLE I

DEFINITIONS
Definitions
Rules of Construction....

ARTICLE II

TERMS OF AUTHORITY BONDS
The Authority Bonds.........

Form of Authority Bonds
Authority Bonds Mutilated, Destroyed, Stolen or Lost
Execution of Authority Bonds...........

Transfer and Registration of Authority Bonds ..................

Regulations with Respect to Fxchange or Transfer of Authority Bonds Authentication of Authority Bonds ..................

Cancellation of Authority Bonds
Authority Bonds as Special Obligations ..........

Special Covenants as to Book-Entry Only System for Authority Bonds...'...'.

CUSIP Numbers

ARTICLE III

ISSUANCE OF AUTHORITY BONDS
Provisions for the Issuance of Authority Bonds............

Parity and Subordinate Bonds ................

ARTICLE IV

REDEMPTION OF AUTHORITY BONDS
General Redemption Provisions
Optional Redemption ................

Extraordinary Redemption .......,
Mandatory Redemption
Redemption Instructions .............

Notice of Redemption ..........

Payment of Redeemed Authority Bonds
Purchase in Lieu of Redemption...........,

ARTICLE V

REVENUES AND FUNDS FOR AUTHORITY BONDS
Page
2 Section 2.01.

Section 2.02.

Section 2.03.

Section 2.04.

Section 2.05.

Section 2.06.

Section 2.07.

Section 2.08.

Section 2.09.

Section 2.10.

Section 2.11.

Section 1.01.

Section 1.02.

Section 3.01.

Section 3.02.

Section 5.01.

Section 5.02.

Section 5.03.

Section 5.04.

Section 5.05.

Section 5.06.

Section 5.07.

Section 4.01.

Section 4.02.

Section 4.03.

Section 4.04.

Section 4.05.

Section 4.06.

Section 4.07.

Section 4.08.
10 t2
l2
...12
...13
...13
...1 3
14 t4
T4
t6
..16
..t7
Establishment of Funds ...............

Deposit of Proceeds of Authority Bonds...

Proceeds Fund .........

Local Obligations Fund
Revenue Fund..

Revenues Derived from Special Tax Prepayments ................. .............21
.............2r
......2r
......2r
......21
......21
......22
41s9-2660-3345.4
Interest Fund..........
1

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TABLE OF CONTENTS
(continued)
Principal Fund
Redemption Fund...

Rebate Fund............
sECURrry .o* o*5T*"ut3r1t*ENr oF MoNEy
Payment of Authority Bonds; No Encumbrances
Enforcement and Amendment of Local Obligations.......

Further Documents
Tax Covenants for the Authority Bonds
Maintenance of Existence .........

Continuing Disclosure.......

Redemption Fund for the Local Obligations
Conceming the Trust Estate

ARTICLE VIII

DEFAULTS AND REMEDIES
Events of Default.....

Proceedings by Trustee; No Acceleration ......................

Effect of Discontinuance or Abandonment .......

Rights of Owners.

Restriction on Owner's Action.........

Power of Trustee to Enforce.

Remedies Not Exclusive ..................

Waiver of Events of Default; Effect of Waiver
Application of Money upon Event of Default..

ARTICLE IX

THE TRUSTEE
Appointment and Acceptance of Duties...

Duties, Immunities and Liability of Trustee ......

Merger or Consolidation
Compensation and Indemnification ..

Liability of Trustee.

Right to Rely on Documents; Adverse Effect Determinations Preservation and Inspection of Documents....

Page
Section 5.08.

Section 5.09.

Section 5.10.

Section 6.01.

Section 6.02.

Section 7.01.

Section 7.02.

Section 7.03.

Section 7.04.

Section 7.05.

Section 7.06.

Section 7.07.

Section 7.08.

Section 8.01.

Section 8.02.

Section 8.03.

Section 8.04.

Section 8.05.

Section 8.06.

Section 8.07.

Section 8.08.

Section 8.09.

Section 9.01.

Section 9.02.

Section 9.03.

Section 9.04.

Section 9.05.

Section 9.06.

Section 9.07.

Section 9.08.
.22
.22
.22
Security
Investment of Money

ARTICLE VII

COVENANTS OF THE AUTHORITY AND THE COMMLTNITY FACILITIES DISTRICT .24
.25
.25
.25
26 26
27 27
.28
.........28
.........29
.........29
.........29
30 30
30 30
.....3 I
.....3 1
.34
........34
........36
........36
........37
4159-2660-3345.4
Indemnity for Trustee.
-lt-
37

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TABLE OF CONTENTS
(continued)

ARTICLE X

EXECUTION OF INSTRUMENTS BY OWNERS AND

PROOF OF OWNERSHIP OF AUTHORITY BONDS
Page
Section 10.01. Execution of Instruments; Proof of Ownership

ARTICLE XI
37 .38Section 11.01.

Section 11.02.

Section 1 1.03.

Section 12.01.

Section 12.02.

Section 12.03.

Section 12.04.

Section 13.01.

Section 13.02.

Section 13.03.

Section 13.04.

Section 13.05.

Section 13.06.

Section 13.07.

Section 13.08.

Section 13.09.

Section 13.10.

Section 13.11.

SUPPLEMENTAL TRUST AGREEMENTS
Supplemental Trust Agreements with Consent of Owners
Supplemental Trust Agreements Without Consent of Owners Trustee Authorized to Enter into Supplemental Trust Agreements.....

ARTICLE XII

DEFEASANCE
Defeasance ........

Authority Bonds Deemed to Have Been Paid
Money Held for Particular Authority Bonds.,
Effect of Defeasance of Authority Bonds.....

ARTICLE XIII

MISCELLANEOUS
Dissolution of Authority
Parties Interested Herern
Notice
Holidays
Limitation of Liability
Unclaimed Money.....

Goveming Law..........

Severability of Invalid Provisions ........

Counterparts and Electronic Execution
U.S.A. Patriot Act ...........

Force Majeure
EXHIBIT A FORM OF AUTHORITY BONDS...
.........38
.........39
......39
......40
......41
4l
.,
.43
.44
44 A-1
41s9-2660-3345.4
-111-

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09/24/2024 Item No.13.

TRUST AGREEMENT
This Trust Agreement (the "Trust Agreement"), dated as of [Dated Date], by and among the Folsom Ranch Financing Authority, a joint exercise of powers agency duly organized and existing under the laws of the State of Califomia (the "Authority"), the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services), organized and existing under and by virtue of the laws of the State of California (the "Community Facilities District") and U.S. Bank Trust Company, National Association, a national banking association duly organized and existing under the laws of the United States of America, as Trustee (the "Trustee");
WITNESSETH:

WHEREAS, the Authority is empowered under the provisions of the Marks-Roos Local Bond Pooling Act of 1985, being Article 4, Chapter 5, Division T,Title I of the California Government Code (the "Lanv"), to issue its bonds for the purpose of purchasing various Local Obligations (as defined herein) issued by certain local agencies; and WHEREAS, the Authority has determined to issue its Folsom Ranch Financing Authority City of Folsom Community Facilities District No. 18 (Folsom Plan Area -- Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024 (he "Authority Bonds") to be secured by a pledge, lien and claim upon the Revenues (as that term is defined herein) in order to provide a portion of the funds necessary to purchase the Local Obligations (as that term is defined herein); and
WHEREAS, the Authority and the Community Facilities District have determined that all things necessary to make the Authority Bonds (as that term is defined herein), when issued by the Authority and authenticated by the Trustee and delivered as provided herein, valid, binding and legal obligations of the Authority according to the import thereof and hereof have been done and performed; and
Now, THEREFORE, THIS TRUST AGREEMENT WITNESSETH, that iN consideration of the premises, the acceptance by the Trustee of the trusts hereby created and other good and valuable consideration, the receipt of which is hereby acknowledged, and in order to ,"".rr. the payment of the interest on and principal of and redemption premiums, if any, on all Authority Bonds Outstanding (as that term is defined herein) hereunder from time to time according to their tenor and effect, and the making of such other payments required to be made by the Authority and the satisfaction of all the agreements, conditions, covenants and terms expressed and implied herein and in the Authority Bonds, the Authority does hereby assign, bargain, convey, grant, mortgage and pledge a security interest unto the Trustee and unto its successors and assigns hereunder forever in all right, title and interest of the Authority in, to and under, subject to the provisions hereof permitting the application thereof for the pu{poses and on the terms and conditions set forth therein, each and all of the following (collectively, the "Trust Estate"):
(a) the proceeds of sale of the Authority Bonds;
(b) the Revenues (as that term is defined herein);
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(c) the amounts in the Funds (as that term is defined herein) established and held hereunder, except amounts in the Rebate Fund; and
(d) the Local Obligations;
TO HAVE AND TO HOLD IN TRUST all ofthe same hereby assigned, bargained, conveyed, granted, mortgaged and pledged or agreed or intended so to be to the Trustee and to its successors and assigns forever for the equal and ratable benefit of the Owner issued by the Authority hereunder and authenticated by the Trustee and delivered hereunder and Outstanding hereunder, without any priority as to the Trust Estate of any one Authority Bond over any other (except as expressly provided in or permitted hereby), upon the trusts and subject to the agreements, conditions, covenants and terms hereinafter set forth; AND THIS TRUST AGREEMENT FURTHER WITNESSETH, and it is expressly declared, that all Authority Bonds issued and secured hereunder are to be issued, authenticated and delivered and all of the rights and property hereby assigned, bargained, conveyed, granted, mortgaged and pledged are to be dealt with and disposed of under, upon and subject to the agreements, conditions, covenants, terms, trusts and uses as hereinafter expressed, and the Authority and the Community Facilities District have agreed and covenanted, and do hereby agrse and covenant, with the Trustee and with the Owner, as follows:

ARTICLE I

DEFINITIONS
SECTION 1.01. Definitions. The terms set forth below shall have the following meanings set forth herein, unless the context clearly otherwise requires:
"Act" shall mean the Mello-Roos Community Facilities Act of 1982, as amended (being Sections 53311 et seq. of the Government Code of the State of California), and all laws amendatory thereof or supplemental thereto.
"Authority" shall mean the Folsom Ranch Financing Authority, a joint exercise of powers agency duly organized and existing under the laws of the State of California, and its successors and assigns.
"Authority Bond" or "Authority Bonds" shall mean the Folsom Ranch Financing Authority City of Folsom Community Facilities District No. l8 (Folsom Plan Area -- Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024. "Serial Authority Bonds" shall mean the Authority Bonds not subject to mandatory sinking fund redemption pursuant to Section 4.04. "Term Authority Bonds" shall mean the Authority Bonds subject to mandatory sinking fund redemption pursuant to Section 4'04.
"Authorized Denominations" shall mean five thousand dollais ($5,000) and any integral multiple thereof, but not exceeding the principal amount of the Authority Bonds maturing on any one date.
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"Authorized Officer" shall mean, when used with reference to the Authority, the Chair, the Treasurer or any other person authorized by the Authority in a Written Order or resolution to perform anactor sign a document on behalf of the Authority for the purposes hereof, and when used with reference to the Community Facilities District and the City, acting for and on behalf of the Community Facilities District, the Mayor, the Finance Director or any other person authorized by the City or the Community Facilities District, as applicable, in a Written Order or resolution to perform an act or sign a document on behalf of the City or the Community Facilities District for the purposes hereof.
"Bond Counsel" shall mean an attorney-at-1aw, or a firm of such attorneys, of nationally recognized standing in matters pertaining to the tax-exempt nature of interest on obligations issued by states and their political subdivisions' 'oBond Register" shall meanthe registrationbooks specified as such in Section 2.05. "Business Day" shall mean any day other than (i) a Saturday or a Sunday or (ii) a day on which commercial banks in New York, New York, or the city in which the Corporate Trust Office of the Trustee is located, are closed.
ooCash Flow Certificate" shall mean a written certificate executed by a Cash Flow Consultant.
"Cash Flow Consultant" shall mean a financial consultant or firm of such consultants generally recognized to be well qualified in the financial consulting field relating to municipal securities such as the Authority Bonds, appointed and paid by the Community Facilities District or the Authority and who, or each of whom:
(l) is in fact independent and not under the domination of the Community Facilities District, the Authority or the City;
(2) does not have any substantial interest, direct or indirect, with the Community Facilities District, the Authority or the City; and (3) is not connected with the Community Facilities District, the Authority or the City as a member, officer or employee of the Community Facilities District, the Authority or the City, but who may be regularly retained to make annual or other reports to the Community Facilities District, the Authority or the City.

The Cash Flow Consultant shall not, as a result of its role as Cash Flow Consultant, be deemed to have a'ofinancial advisory relationship" with the Authority within the meaning of California Government Code Section 53590(c).
"Chair" shall mean the Chair of the Authority.
"City" shall mean the City of Folsom, acharter city and municipal corporation duly organized and existing under its charter and the Constitution and laws of the State of California, and its successors.

J
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09/24/2024 Item No.13.
"City Manager" shall mean the City Manager of the City. "Code" shall mean the Internal Revenue Code of 1986, as amended, and the regulations issued thereunder.
"Community Facilities District" shall mean the City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services), established by the City pursuant to the Act.
"Corporate Trust Office" shall mean the designated corporate trust office of the Trustee at the location set forth in Section 13.03.
'oDated Date" shall mean the applicable date of the original execution and delivery of the Authority Bonds.
"DTC" shall mean The Depository Trust Company, in New York, New York; or, in accordance with then current guidelines of the Securities and Exchange Commission, such other securities depository as the Authority may designate in an Officer's Certificate delivered to the Trustee.
"Event of Default" shall mean an event of default specified as such in Section 8.01. "Finance Director" shall mean the Finance Director of the City. "Fund" or "Funds" shall mean any or all, as the case may be, of the Revenue Fund, the Interest Fund, the Principal Fund, the Redemption Fund, the Proceeds Fund, the Local Obligations Fund and the Rebate Fund, including all accounts therein. ooGovernment Obligations" shall mean any Investment Securities described in clause (i) or clause (ii) of the definition thereof but excluding any securities that are callable or prepayable prior to the redemption or maturity date of the Authority Bonds to be paid therefrom, and excluding any securities that do not have a fixed par value or the terms of which do not promise a fixed dollar amount at maturity or earlier call date. "Indenture Trustee" means U.S. Bank Trust Company, National Association, as trustee under the Local Obligations Indenture.
"Interest Fund" shall mean the fund by that name established pursuant to Section 5.01.
o'Interest Payment Date" shall mean March 1 and September 1 in each year, commencing on March I,2025.
"Investment Securities" shall mean and include any of the following securities, to the extent permitted by the laws of the State and the City's Investment Policy, for and on behalf of the Community Facilities District as it may be amended from time to time:
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(i) Cash (insured at all times by the Federal Deposit Insurance Corporation or fully collateralizedby Investment Securities described in clause (ii) hereof;; (ii) Obligations of, or obligations guaranteed as to principal and interest by, the United States of America or any agency or instrumentality thereof, when such obligations are backed by the full faith and credit of the United States of America including:
(A) All direct or fully guaranteed U.S. Treasury obligations; (B) Farmers Home Administration;
(C) GeneralservicesAdministration;
(D) Guaranteed Title XI financing;
(E) Government National Mortgage Association (GNMA); and (F) U.S. Treasury - State and Local Government Series;
(iii) Obligations of any of the following federal agencies which obligations represent the full faith and credit of the United States of America, including:
(A) Export-Import Bank;
(B) Rural Economic Community Development Administration; (C) U.S. Maritime Administration;
(D) SmallBusinessAdministration;
(E) U.S. Department of Housing & Urban Development (PHAs); (F) Federal Housing Administration; and
(G) Federal Financing Bank;
(iv) Direct obligations of any of the following federal agencies which obligations are not fully guaranteed by the fulI failh and credit of the United States of America:
(A) Senior debt obligations issued by the Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC); (B) Obligations of the Resolution Funding Corporation (REFCORP); (C) Senior debt obligations of the Federal Home Loan Bank System; and
(D) Senior debt obligations of other Government sponsored Agencies; 5 4ts9-2660-3345.4 Page 161
09/24/2024 Item No.13.
(v) U.S. Dollar-denominated deposit accounts, federal funds and bankers' acceptances with domestic commercial banks which have a rating on their short term certificates of deposit on the date of purchase of "P-1" by Moody's and "A-1" or "A-l+" by S&P and maturing not more than 360 calendar days after the date of purchase (provided that ratings on holding companies shall not be considered the rating of the bank) or fully collateralized by Investment Securities described in clause (ii) hereof for amounts in excess of deposit insurance; (vi) Commercial paper which is rated at the time of purchase in the single highest classification, "P-1" by Moody's and "A-lf" by S&P and which matures not more than 270 calendar days after the date ofpurchase;
(vii) Investments in a money market fund rated "AAAm" or "AAAm-G" or better by S&P, including funds for which the Trustee or an affiliate provides investment management or other services but excluding funds with a floating net asset value; (viii) "Pre-refunded Municipal Obligations," defined as follows: any bonds or other obligations of any state of the United States of America or of any agency, instrumentality or local governmental unit of any such state which are not callable at the option of the obligor prior to maturity or as to which irrevocable instructions have been given by the obligor to call on the date specified in the notice and (A) which arc rated, based on an irrevocable escrow account or fund (the "escrow"), in the highest rating category of Moody's or S&P or any successors thereto; or (B) (1) which are fully secured as to principal and interest and redemption premium, if any, by an escrow consisting only of cash or obligations described in clause (ii) of this definition, which escrow may be applied only to the payment of such principal of and interest and redemption premium, if any, on such bonds or other obligations on the maturity date or dates thereof or the specified redemption date or dates pursuant to such irrevocable instructions, as appropriate, and (2) which escrow is sufficient, as verified by a nationally recognized independent certified public accountant, to pay principal of and interest and redemption premium,if any, on the bonds or other obligations described in this paragraph on the maturity date or dates specified in the irrevocable instructions referred to above, as appropriate;
(ix) Any bonds or other obligations of any agency, instrumentality or local governmental unit of any state of the United States of America which are rated o'AaaJAAA" ot general obligations of any such state with ratings of "A2" or higher by Moody's and "A" or higher by S&P.
(x) The Local Agency Investment Fund (established under Sections 53600-53609 ofthe California Government Code, as amended or supplemented from time to time). "Law" shall mean the Marks-Roos Local Bond Pooling Act of 1985, being Article 4 of Chapter 5 of Division 7 of Title 1 of the Califomia Government Code, and all laws amendatory thereof or supplemental thereto.
"Letter of Representation" shall mean the letter of the Authority delivered to and accepted by the Depository on or prior to the issuance of the Authority Bonds setting forth the basis on which the Depository serves as depository for such Authority Bonds as originally executed or as it may be supplemented or revised or replaced by a letter to a substitute depository. 6 4159-2660-3345.4 Page 162
09/24/2024 Item No.13.
"Local Obligations Fund" shall mean the fund by that name established pursuant to Section 5.01.
"Local Obligations Indenture" shall mean the indenture authorizing and securing the Local Obligations and pursuant to which the Local Obligations were issued. "Local Obligation Purchase Contracf' shall mean the purchase contract entered into between the Authority and the Community Facilities District providing for the purchase of the Local Obligations by the Authority with the proceeds of the Authority Bonds. "Local Obligations" shall mean the Community Facilities District No. 18 (Folsom Plan Area -- Area-Wide Improvements and Services) Special Tax Bonds, Series 2024to be issued by the Community Facilities District pursuant to the Act and to be purchased by the Authority pursuant to the Law.
"Mayor" shall mean the Mayor of the City.
"Moody's" shall mean Moody's Investors Service Inc., a corporation duly organized and existing under and by virtue of the laws of the State of Delaware, and its successors or assigns, except that if such entity shall be dissolved or liquidated or shall no longer perform the functions of a municipal securities rating agency, then the term "Moody's" shall be deemed to refer to any other nationally recognized municipal securities rating agency selected by the Authority (which shall be under no liability by reason of such selection). "Officer's Certificate" shall mean a certificate signed by an Authorized Officer. "Opinion of Bond Counsel" shall mean a legal opinion signed by a Bond Counsel selected by the Authority.
"Outstanding" shall mean, with respect to the Authority Bonds and as of any date, all Authority Bonds authorized, issued, authenticated and delivered hereunder, except:
(a) Authority Bonds canceled or surrendered to the Trustee for cancellation pursuant to Section 2.08;
(b) Authority Bonds deemed to have been paid pursuant to Section 12.02; (c) Authority Bonds in lieu of or in substitution for which other Authority Bonds shall have been authenticated and delivered pursuant to Section 2.03; and (d) Authority Bonds paid pursuant to Section 2.03.
"Owner" shall mean, as of any date, the Person or Persons in whose name or names aparticular Bond shall be registered on the Bond Register as of such date. "Person" shall mean an individual, a corporation, a partnership, an association, a joint stock company, a trust, any unincorporated organization or a government or political subdivision thereof.
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"Principal Fund" shall mean the fund by that name established pursuant to Section 5.01
"Principal Installment," when used with respect to any Principal Payment Date, shall mean the principal amount of Outstanding Authority Bonds due (whether at maturity or by sinking fund redemption) on such date.
"Principal Payment Date," when used with reference to an Authority Bond, shall mean the maturity date or any mandatory sinking fund redemption date for such Authority Bond. "Proceeds Fund" shall mean the fund by that name established pursuant to Section 5.01.
ooRebate Fund" shall mean the fund by that name established pursuant to Section 5.01
"Rebate Instructions" shall mean the calculations and directions required to be delivered to the Trustee by the Authority pursuant to the Tax Certificate. "Rebate Requirement" shall mean the Rebate Requirement defined in the Tax Certificate.
"Record Date" shall mean the fifteenth (15th) day of the month preceding any Interest Payment Date, whether or not such day is a Business Day. "Redemption Fund" shall mean the fund by that name established pursuant to Section 5.01.
"Responsible Officer of the Trustee" means any officer within the global corporate trust department (or any successor group or department of the Trustee) including any vice president, assistant vice president, assistant secretary or any other officer or assistant offtcer ofthe Trustee customarily performing functions similar to those performed by the persons who at the time shall be such officers, respectively, with responsibility for the administration of this Trust Agreement.
"Revenue Fund" shall mean the fund by that name established pursuant to Section 5.01.
"Revenues" shall mean all amounts received by the Trustee as the payment of interest on, or the equivalent thereol and the payment or return of principal of, or redemption premiums, if any, on, or the equivalent thereof, all Local Obligations, whether as a result of scheduled payments, or redemption premiums, Special Tax Prepayments or remedial proceedings taken in the event of a default thereon, and all investment earnings on any money held in the Funds held hereunder (except the Rebate Fund).
"S&P" shall mean S&P Global Ratings, abusiness of Standard & Poor's Financial Services LLC, and its successors or assigns, except that if such entity shall be dissolved or liquidated or shall no longer perform the functions of a municipal securities rating agency, then 8 4rs9-2660-334s.4 Page 164
09/24/2024 Item No.13.
the term "S&P" shall be deemed to refer to any other nationally recognized municipal securities rating agency selected by the Authority (which shall be under no liability by reason of such selection).
"secretary" shall mean the Secretary of the Authority'
"special Tax" shall mean the special tax authorized to be levied and collected annually on all Taxable Property in the Community Facilities District under and pursuant to the Act at the special elections held in the Community Facilities District, including the Facilities Special Tax, the Maintenance Special Tax and the Services Special Tax (each as defined in the Local Obligations Indenture).
"special Tax Prepayments" shall mean all payments to the Community Facilities District by or on behalf of the owner of a parcel within the Community Facilities District subject to a Special Tax to accomplish a pay-off of the Special Tax obligation pertaining to such parcel and the discharge of the Special Tax lien with respect to such parcel (except the portion thereof, if any, which represents accrued interest on the Local Obligations). "special Tax Revenues" shall mean all money collected and received by the Community Facilities District on account of unpaid Special Tax obligations within the Community Facilities District, including all amounts collected in the normal course by the Community Facilities District, all Special Tax Prepayments and all amounts received by the Community Facilities District as a result of superior court foreclosure proceedings brought to enforce payment of delinquent Special Taxes within the Community Facilities District, but excluding therefrom any amounts explicitly included therein on account of collection charges, administrative cost charges, or attorneys' fees and costs paid as a result offoreclosure actions. "special Record Date" shall mean the date established by the Trustee pursuant to Section 2.01 as a record date for the payment of defaulted interest on the Authority Bonds. "State" shall mean the State of California'
"supplemental Trust Agreement" shall mean any trust agreement supplemental to or amendatory of this Trust Agreement which is duly executed and delivered in accordance with the provisions of Article XI.
"Tax Certiftcate" shall mean each certificate for the Authority Bonds relating to various federal tax requirements, including the requirements of Section 148 of the Code, signed by the Authority and the Community Facilities District on the Dated Date, as the same may be amended or supplemented in accordance with its terms'
"Taxable Property" shall mean all property within the Community Facilities District taxable under the Act in accordance with the proceedings for the authorization of the issuance of the Local Obligations and the levy and collection of the Special Tax. "Treasurer" shall mean the Treasurer of the Authority.
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"Trust Agreement" shall mean this Trust Agreement dated as of [Dated Date], by and among the Authority, the Community Facilities District and the Trustee pursuant to which the Authority Bonds are to be issued, as amended or supplemented from time to time in accordance with its terms.
"Trust Estate" shall have the meaning ascribed thereto in the granting clause hereof. o'Trustee" shall mean U.S. Bank Trust Company, National Association, a national banking association duly organized and existing under the laws of the United States of America, in its capacity as Trustee hereunder, and any successor as Trustee hereunder. "Written Order" shall mean, when used with reference to the Authority, a written order or written direction of the Authority to the Trustee signed by an Authorized Officer, and when used with reference to the Community Facilities District, an instrument in writing signed by the City Manager or the Finance Director, or by any other officer of the City duly authorized by the City Council, as legislative body of the Community Facilities District, for that purpose' SECTION 1.02. Rules of Construction. Except where the context otherwise requires, all words imparting the singular number shall include the plural number and vice versa, and all pronouns infening the masculine gender shall include the feminine gender and vice versa. The headings or titles of the several articles and sections hereof and the table of contents appended hereto .hull b. solely for convenience of reference and shall not affect the meaning, construction or effect hereof. All references herein to "Articles," "sections" and other subdivisions or clauses are to the corresponding articles, sections, subdivisions or clauses hereof; and the words "hereby," "herein," "hereof," "hereto," "herewith," "hereunder" and other words of similar import refer to this Trust Agreement as a whole and not to any particular article, section, subdivision or clause thereof.

ARTICLE II

TERMS OF AUTHORITY BONDS
SECTION 2.01. The Authority Bonds. The Authority Bonds shall be issued under and secured by this Trust Agreement and shall be in the form of fully registered bonds in denominations of five thousand dollars ($5,000) or any integral multiple of five thousand dollars ($5,000) in excess thereof designated the "Folsom Ranch Financing Authority City of Folsom Community Facilities District No. 18 (Folsom Plan Area - Area-Wide Improvements and Services) Special Tax Revenue Bonds, Series 2024" and shall be in the aggregate principal amount of [par in words] dollars ($tPARl). The Authority Bonds shall be dated the Dated Date and shall bear interest at the rates specified in the table below, such interest being payable semiannually on each Interest Payment Date, and shall mature on the Principal Payment Dates in the following years in the following principal amounts, namely:

Principal
Payment Date Principal
Amount
Interest
Rate
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(September 1)
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Principal
Payment Date
(September I
Principal
Amount
Interest
Rate
Term Bonds
The interest on and principal of and redemption premiums, if any, on the Authority Bonds shall be payable in lawful money of the United States of America. The Authority Bonds shall be issued as fully registered bonds and shall be numbered from one (l) upward. The Authority Bonds shall bear interest from the Dated Date. Payment of the interest on any Authority Bond shall be made to the Person whose name appears on the Bond Register as the Owner thereof as of the close of business on the Record Date, such interest to be paid by check mailed by first class mail on each Interest Payment Date to the Owner at the address which appears on the Bond Register as of the Record Date for that purpose; except that in the case of an Owner of one million dollars ($1,000,000) or more in aggregate principal amount of Authority Bonds, upon written request of such Owner to the Trustee received not later than such Record Date, such interest shall be paid on such Interest Payment Date in immediately available funds by wire transfer to an account in a bank or trust company or savings bank that is a member of the Federal Reserve System and that is located in the continental United States of America. The principal of and redemption premiums, if any, on the Authority Bonds shall be payable by the Trustee at its Corporate Trust Office upon presentation and surrender of such Authority Bonds. Interest shall be calculated on the basis of a 360-day yeff consisting of twelve (12) 30-day calendar months; provided, that notwithstanding any other provision herein contained, any interest not punctually paid or duly provided for, as a result of an Event of Default or otherwise, shall forthwith cease to be payable to the Owner on the Record Date and shall be paid to the Owner in whose name the Authority Bond is registered at the close of business on a Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice of which shall be given to the Owner not less than ten (10) Business Days prior to such Special Record Date.
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SECTION 2.02. Form of Bonds. The Authority Bonds and the forms of the certificate of authentication, the assignment and the DTC endorsement to appear thereon shall be substantially as set forth in Exhibit A hereto, with such variations, insertions or omissions as are appropriate and not inconsistent herewith.

SECTION 2.03. Authority Bonds Mutilated. Destroyed. Stolen or Lost. In the event any Authority Bond is mutilated, lost, stolen or destroyed, the Authority may execute and, upon its request in writing, the Trustee shall authenticate and deliver a substitute Authority Bond of the same principal amount and maturity as the mutilated, lost, stolen or destroyed Authority Bond in exchange and substitution for such mutilated Authority Bond, or in lieu of and substitution for such lost, stolen or destroyed Authority Bond.

Application for exchange and substitution of mutilated, lost, stolen or destroyed Authority Bonds shall be made to the Trustee at its Corporate Trust Office. In every case the applicant for a substitute Authority Bond shall furnish to the Trustee indemnification to its sitisfaction, and in every case of loss, theft or destruction of an Authority Bond, the applicant shall also fumish to the Authority and the Trustee evidence to their satisfaction of such loss, theft or destruction and of the identity of the applicant, and in every case of mutilation of an Authority Bond, the applicant shall surrender the mutilated Authority Bond to the Trustee.

Notwithstanding the foregoing provisions of this Section, in the event any such Authority Bond shall have matured, and no default has occurred which is then continuing in the payment of the interest on or principal of or redemption premiums, if any, on the Authority Bonds, the Trustee shall, upon written direction from the Authority, pay the same (without surrender thereof except in the case of a mutilated Authority Bond) instead of issuing a substitute Authority Bond so long as indemnification is furnished as above provided.

Upon the issuance of any substitute Authority Bond, the Trustee may charge the Owner of such Authority Bond for its reasonable fees and expenses in connection therewith. Every substitute Authority Bond issued pursuant to the provisions of this Section by virtue of the fact that any Authority Bond is lost, stolen or destroyed shall constitute an original additional contractual obligation of the Authority, whether or not the lost, stolen or destroyed Authority Bond shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits hereof equally and proportionally with any and all other Authority Bonds duly issued hereunder to the same extent as the Authority Bonds in substitution for which such substitute Authority Bonds were issued.

SECTION 2.04. Execution of Authority Bonds. All Authority Bonds shall, from time to time, be executed on behalf of the Authority by the manual or facsimile signature of the Treasurer and attested by the manual or facsimile signature of the Secretary.

If any of the officers who shall have signed any Authority Bond shall cease to be such officer of the Authority before the Authority Bond so signed shall have been actually authenticated by the Trustee or delivered, such Authority Bond nevertheless may be authenticated, issued and delivered with the same force and effect as though the person or persons who signed such Authority Bond had not ceased to be such officer of the Authority, and any such Authority Bond may be signed on behalf of the Authority by those persons who, at the actual date of the 4ts9-2660-3345.4
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execution of such Authority Bond, shall be the proper officers of the Authority, although on the date of such Authority Bond any such person shall not have been such officer of the Authority.

SECTION 2.05. Transfer and Registration of Authority Bonds. The Authority Bonds shall be transferred or exchanged and title thereto shall pass only in the manner provided herein, and the Trustee shall keep books constituting the Bond Register for the registration and transfer of the Authority Bonds as provided herein. All Authority Bonds presented for transfer or exchange shall be accompanied by a written instrument or instruments of transfer or authorization for exchange, in form and with guaranty of signature satisfactory to the Trustee, duly executed by the Owner or by his or her attomey duly authorizedin writing, and all such Authority Bonds shall be surrendered to the Trustee and canceled by the Trustee pursuant to Section 2.08. The Authority and the Trustee shall be entitled to conclusively treat the Owner as the absolute owner of such Authority Bond for the purpose of receiving arLy payment of the interest on or principal of or redemption premium, if any, on such Authority Bond and for all other purposes hereof, whether such Authority Bond shall be overdue or not, and neither the Authority nor the Trustee shall be affected by any notice to the contrary. All such payments shall be valid and effectual to satis$ and discharge the liability upon such Authority Bond to the extent of the sum or sums so paid.

SECTION 2.06 with or Transfer
Bonds.

In all cases in which the privilege of exchanging or registering the transfer of Authority Bonds is exercised, the Authority shall execute and the Trustee shall authenticate and deliver Authority Bonds in accordance with the provisions hereof. There shall be no charge to the Owner for any such exchange or registration of transfer of Authority Bonds, but the Authority may require the payment of a sum sufficient to pay any tax or other governmental charge required to be paid with respect to any such exchange or registration of transfer. Neither the Authority nor the Trustee shall be required to register the transfer or exchange of any Authority Bond during the period established by the Trustee for selection of Authority Bonds for redemption or to register the transfer or exchange of any Authority Bond selected for redemption.

Upon surrender for exchange or transfer of any Authority Bond at the Corporate Trust Office of the Trustee, the Authority shall execute and the Trustee shall authenticate and deliver in the name of the Owner (in the case of transfers) a new Authority Bond or Authority Bonds, of Authorized Denominations, in the aggregate principal amount which the registered Owner is entitled to receive.

All new Authority Bonds delivered upon any transfer or exchange shall be valid obligations of the Authority, evidencing the same debt as the Authority Bonds surrendered, shall be secured hereby and shall be entitled to all of the security and benefits hereof to the same extent as the Authority Bonds surrendered
SECTION 2.07. Authentication of Authority Bonds. No Authority Bond shall be secured hereby or entitled to the benefits hereof or shall be valid or obligatory for any pu{pose unless there shall be endorsed on such Authority Bond the Trustee's certificate of authentication, substantially in the form prescribed herein, executed by the manual signature of a duly authorized signatory of the Trustee; and such certificate on any Authority Bond issued by the Authority 41s9-2660-3345.4
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hereunder shall be conclusive evidence and the only competent evidence that such Authority Bond has been duly authenticated and delivered hereunder.

SECTION 2.08. Cancellation of Authoritv Bonds. Upon the surrender to the Trustee of any mutifited Authority Bond, or any Authority Bond surrendered for transfer or exchange, or any Authority Bond redeemed or paid at maturity, the same shall forthwith be canceled and the Trustee shall destroy such Authority Bonds and the Trustee shall deliver a certificate of destruction with respect thereto to the Authority.

SECTION 2.09 Authority Bonds as Special The Authority Bonds are special, limited obligations of the Authority, payable from the Trust Estate and secured as to the payment of the interest on and principal of and redemption premiums, if any,thereon in accordance with their terms and the terms hereof, solely by the Trust Estate. The Authority Bonds do not constitute a charge against the general credit of the Authority or any of its members, and under no circumstances shall the Authority be obligated to pay the interest on or principal of or redemption premiums, if any, on the Authority Bonds except from the Trust Estate. None of the Community Facilities District, the City, the State, any public agency (other than the Authority) or any member of the Community Facilities District or the Authority is obligated to pay the interest on or principal of or redemption premiums, if any, on the Authority Bonds, and neither the faith and credit nor the taxing po*.r of the Community Facilities District, the City, the State or any public agency thereof or any member of the Authority or the Community Facilities District is pledged to the payment of the interest on or principal of or redemption premiums, if any, on the Authority Bonds' The payment of the interest on or principal of or redemption premiums, if any, on the Authority Bonds does not constitute a debt, liability or obligation of the Community Facilities District, the City, the State or any public agency (other than the Authority) or any member of the Authority.

No agreement or covenant contained in any Authority Bond or herein shall be deemed to be an agreement or covenant of any officer, member, agent or employee of the Authority in his or her individual capacity, and neither the members of the Authority nor any officer or employee thereof executing the Authority Bonds shall be liable personally on any Authority Bond or be subject to any personal liability or accountability by reason of the issuance of the Authority Bonds.

SECTION 2.10 AS
Bonds.
(a) Except as otherwise provided in subsections (b) and (c) of this Section, all of the Authority Bonds initially issued shall be registered in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York ("DTC"), or such other nominee as DTC shall request pursuant to the Letter of Representation. Payment of the interest on any Authority Bond ."girt"..d in the name of Cede & Co. shall be made on each Interest Payment Date for such Authority Bonds to the account, in the manner and at the address indicated in or pursuant to the Letter of Representation.
(b) The Authority Bonds initially shall be issued in the form of a single authenticated fully registered Authority Bond for each stated maturity of such Authority Bonds, representing the aggregate principal amount of the Authority Bonds of such maturity. Upon initial issuance, the 4159-2660-3345.4
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Folsom City CouncilSeptember 24, 2024

Folsom City Council
September 24, 2024