CITY COUNCIL
Meeting Agenda
Thursday, February 15, 2024
1:30 PM
City Hall Council Chamber
44950 Eldorado Drive, Indian Wells, CA 92210
Welcome to a meeting of the Indian Wells City Council.
Public Comments: Members of the Public who wish to speak should fill out a blue slip and submit it to the City Clerk, comments are limited to 3 minutes. In accordance with State Law, remarks during public comment are to be limited to subjects within the City's jurisdiction.
Notification: If you are an individual with a disability and need a reasonable modification or accommodation pursuant to the Americans with Disabilities Act (ADA) please contact the City Clerk at 760-346-2489, 48 hours prior to the meeting.
Please turn off all communication devices (phones) or put them on non-audible mode (vibrate) during Council proceedings. All documents for public review are available for public inspection at City Hall reception, 44-950 Eldorado Drive, Indian Wells during normal business hours.
Pages
A. CONVENE THE INDIAN WELLS CITY COUNCIL, PLEDGE OF
ALLEGIANCE AND ROLL CALL
MAYOR GREG SANDERS
MAYOR PRO TEM BRUCE WHITMAN
COUNCIL MEMBER PEABODY
COUNCIL MEMBER REED
COUNCIL MEMBER GRIFFITH
B. APPROVAL OF THE FINAL AGENDA
C. PROCLAMATIONS AND PRESENTATIONS
No presentations.
D. PUBLIC COMMENTS
Members of the Public who wish to speak on consent items OR items not listed on the agenda may do so at this time. Public Comments are limited to 3 minutes. Speakers will be alerted when their time is up and are then to return to their seats and no further comments will be permitted.
Please note that while the City Council values your comments, the Council cannot respond nor take action on matters not listed on the agenda until the matter may appear on the forthcoming agenda.
E. CITY MANAGER'S REPORTS
The City Manager or Department Heads may make brief
announcements, informal comments, or brief the Council on items of interest.
F. CITY ATTORNEY REPORTS AND COMMENTS
G. CONSENT CALENDAR
All matters listed on the Consent Calendar are considered to be routine and will be approved by one motion. Reading of text of Ordinances is waived and Ordinances are adopted as second reading, by title only. There will be no separate discussion of these items unless members of the Council request specific items be removed from the Consent Calendar for separate discussion and action.
Council Meeting Agenda - February 15, 2024
G.1 City Treasurer’s Report for December 2023 7
RECOMMENDED ACTIONS:
Council RECEIVES and FILES the City Treasurer’s Report for December 2023.
G.2 Ordinance Amending Sections 21.60.020, 21.60.080., 21.90.030, and Adding Section 21.60.085 to the Zoning Code Relating to City Landscape Requirements and Finding the Action to be Categorically Exempt under the California Environmental Quality Act
27 RECOMMENDED ACTIONS:
Council ADOPTS Ordinance No. 752 by title only and waives further reading, amending Sections 21.60.020, 21.60.080., 21.90.030, adding Section 21.60.085 to the Zoning Code relating to City landscape requirements and finding the action to be categorically exempt under the California Environmental Quality Act.
G.3 Council Member Attendance at 2024 Event 49
RECOMMENDED ACTIONS:
Council APPROVES the attendance of Councilmember Peabody to attend the 2024 Living Desert event as identified in the staff report.
G.4 Update to Local Hazard Mitigation Plan 51
RECOMMENDED ACTIONS:
Council ADOPTS Resolution adopting the 2023 update to the Local Hazard Mitigation Plan Annex to the Riverside County Operation Area Multi-Jurisdictional Local Hazard Mitigation Plan as required by the Federal Disaster Mitigation Act of 2000.
G.5 Readoption of the City’s Investment Policy 143
RECOMMENDED ACTIONS:
Council READOPTS the City’s Investment Policy as presented; and FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.
H. PUBLIC HEARINGS
No public hearings.
Council Meeting Agenda - February 15, 2024
I. GENERAL BUSINESS
The Mayor will call upon the members of the public to address the Council regarding the agenda item being considered. After the public has provided comment, the item is closed to further comment and brought to the Council for discussion and action.
I.1 BNP Paribas Open City of Indian Wells’ Suite Food and Beverage Service
167
RECOMMENDED ACTIONS:
Council DISCUSSES and PROVIDES direction as to any changes to the level of food and beverage service for the 2024 BNP Paribas Open.
Council Meeting Agenda - February 15, 2024
J. COUNCIL MEMBER'S REPORTS AND COMMENTS
On their own initiative, Council Members may make a brief announcement or a brief report on their own activities. Council Members may ask a question for clarification, make a referral to staff, or take action to have staff place a matter of business on a future agenda. The Council may take action on items listed on the Agenda.
J.1 COUNCIL MEMBER GRIFFITH
CVAG Conservation Commission
CVAG Energy & Sustainability Committee
CVAG Homelessness Committee
Indian Wells Community Activities Committee
Indian Wells Golf Resort Advisory Committee
Indian Wells Grants In Aid Committee
Indian Wells Finance/Legal Services Oversight Committee J.2 COUNCIL MEMBER REED
California Joint Powers Insurance Authority
CVAG Transportation Committee
Indian Wells Marketing Committee
Riverside County Transportation Commission
Southern California Association of Governments
J.3 COUNCIL MEMBER PEABODY
Cove Communities Services Commission
Coachella Valley Animal Campus
Indian Wells Golf Resort Advisory Committee
Indian Wells Marketing Committee
Sunline Transit Agency
Council Meeting Agenda - February 15, 2024
J.4 MAYOR PRO TEM WHITMAN
Coachella Valley Economic Partnership
Coachella Valley Mountains Conservancy
CVAG Public Safety Committee
Desert Sands Unified School District
Indian Wells Marketing Committee
Indian Wells Personnel Committee
Indian Wells Public Safety
Indian Wells Tee Committee
J.5 MAYOR SANDERS
Cove Communities Services Commission
CVAG Executive Committee
Desert Sand Unified School District
Indian Wells Finance & Legal Services Oversight Committee Indian Wells Personnel Committee
Indian Wells Public Safety Committee
Indian Wells Tee Committee
Visit Greater Palm Springs
K. ADJOURNMENT
To a regularly scheduled meeting of the City Council to be held at 1:30 p.m. on March 7, 2024 in the City Hall Council Chamber.
Affidavit of Posting,
I, Angelica Avila, certify that on February 10, 2024 I caused to be posted a notice of a City Council Meeting to be held on February 15, 2024 at 1:30 p.m. in the City Hall Council Chamber.
Notices were posted at Indian Wells Civic Center and City's Website [www.cityofindianwells.org]
________________________
Angelica Avila, MMC, City Clerk
Council Meeting Agenda - February 15, 2024
Greg Sanders, Mayor
Ty Peabody, Council Member
Bruce Whitman, Council Member
Dana Reed, Council Member
Donna Griffith, Council Member
CC: Chris Freeland, City Manager
Angelica Avila, City Clerk
Dear City Council and Staff:
Public Comment:
2/15/2024
City Council Meeting
I have lived in Indian Wells for almost twenty years, served on the council for eight. During that time, I have seen a lot of shenanigans pulled by past councils, but I must say what I saw at the council meeting on January 18, 2024 was by far the most outrageous.
The action you took to prevent Ty Peabody from running for re-election in 2024, is unconscionable to say the least. For a select few of you to agree to hire Olson/Remcho Law Firm, (one of the most left-wing democratic law firms in the State of California) is beneath even the most morally corrupt of those who would deny a person their constitutional rights.
For you to suggest to the residents of Indian Wells that you can arbitrarily defy a court order is unbelievable. You cannot simply take the opinion of a Law Firm and overrule a Judge.
You all know that if you want to overturn a Judge's decision, you must appeal that Judge's decision to a higher court. You chose not to do that. You are now attempting to use the opinion of a hired law firm to refuse a person their legal right to run for office, you cannot legally do that. Furthermore, you then refuse to release the law firm's opinion. You often speak of transparency. There is nothing transparent about this council.
Three of you represent yourself as Attorneys and one as a Para-Legal. You know the law; you know the action you took is illegal, yet you did it anyway. Donna, I would argue that you would not be serving on the City Council without the support Ty Peabody gave you during your campaign, now you want to deny him the right to run.
It is hard to fathom how each of you can have such disdain for Mr. Peabody, a man who has given more and worked harder than all of you put together. For you to take this kind of action to prevent him from running for re-election simply because he does not agree with you on issues is not a justification for your action. This vendetta you have for him has no place in Indian Wells. If he wants to run, let him run. If the residents believe you, Mr. Whitman, then he will lose.
INDIAN WELLS CITY COUNCIL
February 15, 2024
To: City Council
From: Finance Department
Prepared by: Ruby D. Walla, Assistant Finance Director
Subject: City Treasurer’s Report for December 2023
RECOMMENDED ACTIONS:
Council RECEIVES and FILES the City Treasurer’s Report for December 2023.
DISCUSSION:
This report comprehensively analyzes the City of Indian Wells' cash and investment position as of December 31, 2023. The city maintains a robust investment strategy, focusing on prudence, liquidity, and compliance with legal requirements. The Treasurer's certification ensures adherence to the city's investment policy and compliance with the State of California Government Code section 53600.
Financial Snapshot:
As of December 31, 2023:
Total cash and investments: $63,792,897.80
Portfolio rate of return: 3.052%
Treasurer's Certification:
The City Treasurer certifies:
Compliance with the city's investment policy and legal requirements. Adequate liquidity to meet financial obligations for the next six months, ensuring static and dynamic liquidity.
Fiscal Prudence:
Aligned with the fiduciary duty, the city adheres to a prudent investment approach, considering economic conditions and anticipated needs. Investments are guided by a written policy emphasizing safety, liquidity, and yield.
BACKGROUND:
The Treasurer's Report provides a monthly update on cash activity and the investment portfolio, ensuring reconciliation with the General Ledger. Investments align with the city's investment policy and State legislation, covering U.S. treasuries, federal agency securities, corporate notes, municipal bonds, CDs, and overnight cash investments.
Investment Strategy:
The city's investment portfolio is designed to achieve a market rate of return within risk constraints. Diversification across institutions, security types, and maturities maximizes safety and yield amid changing market conditions.
FISCAL IMPACT:
The investment portfolio generated $56,675.28 in earnings for December 2023. The investment strategy aims for consistent returns throughout budgetary and economic cycles, reflecting prudent risk management. Moreover, the strategy's success in consistently generating returns reflects its adaptability to changing market conditions. As economic cycles fluctuate, the city's investment approach remains resilient, adjusting to dynamic financial landscapes to optimize safety and yield.
ATTACHMENTS:
1. City Treasurer’s Report
December December
UNRESTRICTED FUNDS 2023 2022
GENERAL FUND
101-
GENERAL 10,437,247.66$ 8,799,819.35$
TO
TAL GENERAL FUND 10,437,247.66 8,799,819.35
RESTRICTED FUNDS
SPECIAL REVENUE FUNDS
202 - TRAFFIC SAFETY 15,391.97 11,080.11
203 - PUBLIC SAFETY 1/2 CENT SALES TAX 21,156.30 18,694.90 204 - MEASURE "A" 121,178.82 142,778.92
209 - F.A.M.D. #1 558,452.16 1,713,887.94
210 - SCAQMD (VEHICLE REG.) 16,496.58 13,668.94
211 - AB 3229 COPS FUNDING 24,999.99 88,129.76
214 - GAS TAX 2103 MAINTENANCE 20,898.22 20,619.64
215 - GAS TAX 2105 MAINTENANCE 12,302.91 13,705.08
216 - GAS TAX 2106 CONSTRUCT/MAINT 9,907.36 11,037.81
217 - GAS TAX 2107 MAINTENANCE 17,086.83 19,033.29
218 - GAS TAX 2107.5 ENG./ADMIN 1,000.00 1,000.00
219 - GAS TAX RMRA 165,893.46 55,824.56
228 - EMERG. UPGRADE SERVICES 4,341,361.52 3,892,544.78 247 - AB 939 RECYCLING FUND 276,232.36 374,396.02
248 - SOLID WASTE 133,321.15 187,828.59
251 - STREET LIGHTING DISTRICT 2000-1 16,625.24 14,630.15 253-
INDIAN WELLS VILLAS OPERATIONS 96,945.46 1,660,554.81
254-
MOUNTAIN VIEW VILLAS OPERATIONS 0.00 2,698,291.54
256-
HOUSING AUTHORITY
3,061,459.59 11,750,741.57
271 - ELDORADO DRIVE LLMD 55,680.28 55,310.61
272 - MONTECITO/STARDUST LLMD 0.00 0.00
273 - CASA DORADO LLMD 904.41 3,656.40
274 - THE COVE LLMD 7,210.32 3,590.72
275 - SH 111/IWGR (ENTRANCE) LLMD 28,603.83 116,603.73
276 - CLUB/IW LANE LLMD 14,901.78 11,325.56
277 - COLONY LLMD 67,150.51 70,220.34
278 - COLONY COV ESTATES LLMD 45,566.93 51,342.52
279 - DESERT HORIZONS LLMD 20,538.88 66,104.36
280 - MOUNTAIN GATE LLMD 88,504.97 85,144.55
281 - MOUNTAIN GATE ESTATES LLMD 42,251.38 45,704.37
282 - VILLAGIO LLMD 205,440.93 209,966.98
283 - VAIDYA LLMD 34,533.42 34,158.70
284 - CLUB, SOUTH OF 111 LLMD 29,929.17 26,336.46
285 - MONTELENA LLMD 60,942.05 54,657.66
286 - SUNDANCE LLMD 325.49 1,965.44
287 - PROVINCE LLMD 83,955.09 78,706.38
288 - PROVINCE DBAD 559,699.29 555,949.58
TO
TAL SPECIAL REVENUE FUNDS 10,256,848.65 24,159,192.77
CAPITAL PROJECT FUNDS
310 - PARK FACILITIES FEES 30,605.00 10,038.00
311 - TRANSPORTATION FACILITIES FEES 0.00 41,118.00
313 - RECREATION FACILITIES FEES 0.00 82,362.00
314 - PARK-IN-LIEU FEES 0.00 75,860.45
315 - CITYWIDE PUBLIC IMPROVEMENT FEE 0.00 80,979.00
316 - CAPITAL IMPROVEMENT 10,258,709.50 7,329,082.21
319 - ART IN PUBLIC PLACES 738,436.38 447,455.24
321 - HIGHWAY 111 CIRCULATION IMP FEE 37,152.70 37,208.70 TOTAL CAPITAL PROJECT FUNDS 11,064,903.58 8,104,103.60
NET CASH & INVESTMENT SUMMARY DECEMBER 2023
T:\Common\bank\Treasurer's Report\Cash10Dec 23 8:18 AM2/9/2024 ATTACHMENT #1
CITY OF INDIAN WELLS
NET CASH & INVESTMENT SUMMARY DECEMBER 2023
PAGE 2
RESTRICTED FUNDS (Cont.) December December
2023 2022
REPLACEMENT FUNDS
326 - BUILDINGS CAPITAL RESERVE 2,153,116.80 1,992,511.80 327 - BRIDGES CAPITAL RESERVE 1,952,516.00 1,791,718.00 328 - MEDIANS & PARKWAYS CAPITAL RESERVE 1,587,395.07 1,426,251 .07 329 - STORM DRAINS CAPITAL RESERVE 882,246.00 720,432.00 330 - TRAFFIC SIGNALS CAPITAL RESERVE 753,420.00 591,375.00 331 - TECHNOLOGY CAPITAL RESERVE 702,133.00 540,147.00
332 - CITY STREETS CAPITAL RESERVE 17,332,999.00 19,654,062.00 333 - CITY VEHICLES CAPITAL RESERVE 286,155.00 273,879.00 350 - DISASTER RECOVERY RESERVE 441,850.00 142,129.00
TOTAL REPLACEMENT FUNDS 26,091,830. 87 27,132,504.87
SUCCESSOR AGENCY FUNDS
453 - DEBT SERVICE 608,220.10 544,757.56
456 - RDA OBLIGATION RETIREMENT 0.00 1,062,774.00
460 - INDIAN WELLS FINANCING AUTHORITY 718,392.52 0.00
TOTAL SUCCESSOR AGENCY FUNDS 1,326,612. 62 1,607,531.56
ENTERPRISE FUNDS
560 - INDIAN WELLS GOLF RESORT 1,500,000.00 0.00
TOTAL ENTERPRISE FUNDS 1,500,000.00 0.00
INTERNAL SERVICE FUNDS
601 - OPEB BENEFIT FUND 1,731,054.90 1,927,126.49
TOTAL INTERNAL SERVICE FUNDS 1,731,054. 90 1,927,126.49
RESERVE FUNDS
602 - COMPENSATED ABSENCES 624,787.00 581,403.00
TOTAL RESERVE FUNDS 624,787.00 581,403.00
TRUST & AGENCY FUNDS
732 - SPECIAL DEPOSITS 759,612.52 938,251.05
TOTAL TRUST & AGENCY FUNDS 759,612.52 938,251.05
TOTAL ALL FUNDS 63,792,897.80 73,249,932.69
FISCAL AGENTS
253 - INDIAN WELLS VILLAS 324,769.61 185,111.83
254 - MOUNTAIN VIEW VILLAS 376,986.87 424,284.09
453 - US BANK TRUSTEE - SUCCESSOR AGENCY DEBT SERVICE 10,680.1 1 11.44 460 - US BANK - INDIAN WELLS FINANCE AUTHORITY 6,582,781.14 12 ,094,086.06 560 - INDIAN WELLS GOLF RESORT 1,223,586.84 1,093,549.70 601 - PARS SECTION 115 TRUST - PENSION 830,121.62 822,918.67 601 - PARS SECTION 115 TRUST - OPEB 41,220.13 199,678.19 TOTAL FISCAL AGENTS 9,390,146.32 14,819,639.98
TOTAL ALL FUNDS & FISCAL AGENTS 73,183,044.12 $ 88,069,572.67 $ UNRESTRICTED FUNDS 10,437,247.66 8,799,819.35
RESTRICTED FUNDS 62,745,796.46 79,269,753.32
73,183,044.12$ 88,069,572.67 $
T:\Common\bank\Treasurer's Report\Cash10Dec 23 8:18 AM2/9/2024
City of Indian Wells
Bank Reconciliation Report - City Held Cash
Finance Department
MONTH: December 31, 2023
Investment # Investment Type Investment Descri ption Book Value Bank Checking & Sweep
1 Pacific Western Bank - Sweep **-**1117 903,751.06
2 Pacific Western Bank - Accts. Payable **-**3411 0.00
3 Pacific Western Bank - Payroll **-**1752 0.00
6 Pacific Western Bank - Ambulance **-****7937 0.00
7 Pacific Western Bank - Public Funds MMA **-****5064 15,532.10 8 US Bank Money Market - Investment 0.00
9 US Bank Money Market - 4590 1,106,000.34
10 US Bank Money Market - 4591 19,404.66
19 Petty Cash 2,000.00
2,046,688.16
Managed Pool Accounts
21 Local Agency Investment Fund - City 98-33-385 4,689,587.38 4,689,587.38
Certificates of Deposit
499 Certificate of Deposit-Capital One Bank 14042TAY3 247,000.00 501 Certificate of Deposit-BankWest 06652CHA2 249,000.00 512 Certificate of Deposit-BMW Bank North America 05580AVX9 250,000.00 513 Certificate of Deposit-Nicolet Nation Bank 654062JZ2 250,000.00 514 Certificate of Deposit-Live Oak Banking Company 538036LD4 250,000.00 515 Certificate of Deposit-Alma Bank 020080BX4 250,000.00 516 Certificate of Deposit-State Bank of India 856285TF8 248,000.00 517 Certificate of Deposit-First Natl Bank of McGregor TX 32112UDR9 249,000.00 518 Certificate of Deposit-Centerstate Bank 15201QDE4 248,000.00 519 Certificate of Deposit-Northwest Bank 66736ABV0 249,000.00 520 Certificate of Deposit-Encore Bank 29260MBE4 249,000.00 521 Certificate of Deposit-First Freedom Bank 32027BAM9 249,000.00 522 Certificate of Deposit-Pacific Western Bank 69506YRL5 248,000.00 525 Certificate of Deposit-Bank of Baroda 06063HMS9 249,000.00 548 Certificate of Deposit-Toyota Financial Sgs Bank 89235MKY6 250,000.00 550 Certificate of Deposit-Greenstate Credit Union 39573LBL1 250,000.00 557 Certificate of Deposit-Pentagon Federal Credit Union 70962LAS1 249,000.00 558 Certificate of Deposit-Nelnet Bank, Inc 64034KAG6 250,000.00 561 Certificate of Deposit-Beal Bank 07371AYE7 250,000.00 562 Certificate of Deposit-Beal Bank USA 07371CE88 250,000.00 574 Certificate of Deposit-Austin Telco Fed Credit Union 052392BT3 250,000.00 573 Certificate of Deposit-Capital One NA 14042RUJ8 250,000.00 575 Certificate of Deposit-Synchrony Bank 87164XR65 250,000.00 579 Certificate of Deposit-Pacific Western Bank Certificate #0059670821 250,000.00 581 Certificate of Deposit-Pacific Western Bank Certificate #0059863003 257,766.63 585 Certificate of Deposit-Liberty First Credit Union 530520AK1 249,000.00 586 Certificate of Deposit-First Guaranty Bank Hammond LA 249,000.00 587 Certificate of Deposit-Medallion Bank Utah 58404DSW2 249,000.00 588 Certificate of Deposit-Pitney Bowes Bank 724468AG8 244,000.00 589 Certificate of Deposit-Bank Five Nine 062119CD2 249,000.00 590 Certificate of Deposit-First Foundation Bank 32026UW51 244,000.00 591 Certificate of Deposit-Summit National Bank 86616RAG0 249,000.00 592 Certificate of Deposit-First National Bank of America 32110YD93 249,000.00 596 Certificate of Deposit-Pacific Western Bank Certificate #0059335212 255,493.12 8,479,259.75
Medium Term Corporate Notes
524 Bank of New York Mellon Corp 06406RAN7 1,005,003.70 526 Montebello CA Pens Oblig AA 612285AE6 1,023,179.70
533 JP Morgan Chase Bank NA 46632FRU1 2,000,000.00
538 JP Morgan Chase 48128G2Q2 1,000,000.00
549 Bank of America MTN 06048WM31 1,000,000.00
556 Bank of America MTN 06048WM72 1,000,000.00
576 John Deere Capital Corp 24422EWR6 1,022,205.95
8,050,389.35
Federal Agency Issues
542 Fed. Farm Credit Bank 3130ALJ62 1,000,000.00
544 Fed. Farm Credit Bank 3130ALMM3 2,000,000.00
546 Fed. Farm Credit Bank 3130ALW67 1,000,000.00
551 Fed. Farm Credit Bank 3130AMW57 2,000,000.00
559 Fed. Home Loan Bank 3130AQWF6 1,000,000.00
560 Fed. Home Loan Bank 3130AQWJ8 1,000,000.00
563 Fed. Home Loan Bank 3130AQZ55 1,000,000.00
565 Fed. Home Loan Bank 3130ARCV1 2,000,000.00
564 Fed. Home Loan Mtg Corp 3134GXMX9 1,000,000.00
566 Fed. Home Loan Bank 3130ARGE5 1,000,000.00
567 Fed. Home Loan Mtg Corp 3134GXQP2 1,000,000.00
568 Fed. Home Loan Bank 3130AS3Z0 1,700,000.00
569 Fed. Home Loan Bank 3134GXUM4 1,000,000.00
571 Fed. Home Loan Bank 3130ASS67 1,000,000.00
572 Fed. Home Loan Bank 3130ASS91 1,000,000.00
582 Fed. Farm Credit Bank 3133EPPC3 2,000,000.00
20,700,000.00
Municipal Bonds
537 Dixon CA Unified School District 255651KY6 500,786.44 531 Natomas CA School District 63877NMM6 300,000.00
800,786.44
Treasury Discounts-Amortizing
595 United States Treasury Bill 912797FS1 1,001,178.19
1,001,178.19
Treasury Securities
593 United States Treasury Bill 91282CFU0 9,919,895.17
594 United States Treasury Bill 912810FF0 13,594,587.32 23,514,482.49
Total Pooled Cash and Investments 69,282,371.76 $
Fair Value Increase (over cost) (5,068,238.15)
Outstanding items Warrants/Wire Transfers Oustanding (Bank) (654,852.15) Outgoing ACH Payments Outstanding (GL) 225,610.03
Credit Card in Transit 8,006.31
Total Outstanding Items (421,235.81)
Reconciled Bank Balance 63,792,897.80 $
General Ledger Balance 63,792,897.80 $
0.00 T:\Common\bank\bank reconciliation fy24\2023-12_RPT_Dec Bank RecDec 23 pooled 8:24 AM 2/9/2024
INDIAN
,u ./
i.r'
.J: WELLS
City of lndian Wells
44-950 Eldorado Drive
lndian Wells CA92210
(760)346-2489CALIFORN IA
lnvestments
Bank Certificates of Deposit
Managed Pool Accounts - LAIF
Money Market Sweep/Checking Account
Negotiable cD's
Medlum Term Corporate Notes
FedeEl Agency lssues - Callables
Treasury Securities
Miscellaneous Securities - Coupon
Treasury Discounts -Amortizing
Componding Certificates of Deposit
lnvestments
Par
The Gity of lndian Wells
Portfolio Management
Portfolio Summary
December 31,2023
Market
Value
Book
Value
505,493.12
4,689,587.38
2,046,688.16
7,716,000.00
8,050,389.35
20,700,000.00
23,514,482.49
800,786.44
1,001,178.19
257.766.63
%oJ
Portfolio
Days to
Maturity
YTM
360 Equiv.
YTM
365 Equiv.TermValue
505,493.12
4,689,587.38
2,046,688.16
7,716,000.00
8,000,000.00
20,700,000.00
zs,ooo,ooo.od
800,000.00
1,024,000.00
257,766.63
68,739,53s.29
December 31 Month Ending
-1,739,144.90
71,033,208.33
505,493.1 2
4,689,587.38
2,046,688.16
7 ,435,647.79
7,439,540.00
1 9,940,689.00
23,845,500.00
771,107 .O0
1,000,581.12
257,766.63
67,932,600.20 69,282,371.76 100.00% 1,401
0.73 6.77
2.95 '11.14
11.62 29.88
33.94 1.16
1.45 0.37
183
1 1
1,801
1,803
1,381
1,638
1,449
175
396
52 1
'l
938
824
706
1 ,619
350
164
188
3.880
3.875
2.989
1 .919
1.341
2.452
4.206
0.653
5.094
5.370
3.934
3.929
3_031
1.946
1.359
2.486
+.zas
0.662
5.165
5.445
968 3.010 3.052
Portfolio CITY
AP
PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
Total Earnings
Current Year
Average Daily Balance
Effective
The
Kevin
Reporting period 12101 12023-12131 12023
Return -28,83o/o
investment policyare consistant with the City's and allowable under current legislation of the State of California. lnvestments were purchased using safety, liquidity, and yield as cash Row fom revenue and maturing investments will be sufficient to cover expenditures for the next six months. All securities are "Markedto-Market" on a monthly basis.
RunDate: 021612024 - 11:47
No fisczl year history available
The City of Indian Wells
Portfolio Management
Portfolio Details - lnvestments
December 31,2023
Stated
BookValue Rafc
Page I
YTM Days to Maturity
Fitch 360 Meturitv i!.fcCUSIP lnvestment #
Bank Certificates of Deposit
lssuer
Pacific Western Bank
Pacific Western Bank
SYS579
SYSs96
579
596
Average
505,493.12
4,905,716.41
3,606,270.s5
Purchase
D.te Par Value
250,000.00
255,493.12
505,493.12
4,689,s87.38
0.00 4,689,587.38
Market Value
250,000.00
255,493.12
505,493.12
4,689,587.38
0.00 4,689,587.38
06t07t2023
111071?023
5.290
2.500
5.290
2.500
6 01t07t2024
97 04tD7t2024
Subtotal and Average
Managed Pool Accounts - LAIF
SYS21 21 LAIF - CitY
SYS23 23 LAIF - Redevelopment
Subtotal and Average
Money Market Sweep/Checking Account
250,000.00
255,493.12
505,493.12
4,689,587.38
0.00 4,689,587.38
3.929
0.233
3.875
0.230
3.880 52
3.875
SYSl
SYS6
SYST
SYSs
SYS1O
SYS9
SYS2
SYS3
SYS4
SYS19
SYS5
0.250
3.990
5.250
5.256
0.247
o-o0o
3.935
0.000
5.178
5.184
0.000
0.000
0.197
0.000
0.000
1 b
7 6
'10
9 2
J
4 19
5 515
574
52s
589
501
56'l
562
512
499
573
518
Pacific Western Bank
Pacif ic Western Bank-Ambulance
Pacific Western-PublicFundsMMA
US Bank Money Market
US Bank Money Market-4591
US Bank Money Market-4590
Pacific Western - Acct Payable
Pacif ic Western-Payroll
Union Bank-Checking
Petty Cash
WestAmerica Bank
07t01t202?
0710112022
o8t30t2022
08t30t2022
07t0112022
07to1t2022
07to1t2022
07t0112022
0313'112020
09121120?2
0712212020
0713112023
07t26t2019
o2t2312022
02t2312022
o3t3112020
0711812015
0912112022
04t3012020
903,751.06
0.00 1 5,532.1 0
0.00 19,404.66
1,106,000.34
0.00 0.00
0.00 2,000.00
0.00 903,751.06
0.00 15,532.10
0.00 19,404.66
1,106,000.34
0.00 0.00
0.00 2,000.00
0.00 903,751.06
0.00 '15,532.10
0.00 19,404.66
1,106,000.34
0.00 0.00
o.oo
2,000.00
0.00 0.200
Negotiable CD's
020080BX4
052392BT3
06063HMS9
062119CD2
06652CHA2
07371AYE7
07371 CE88
055804VX9
14042TAY3
't4042RUJ8
1 s201 QDE4
Subtotal and Average
Alma Bank
Austin Telco Fed Credit Union
Bank of Baroda
Bank Five Nine
Bankwest lnc.
Beal Bank - Plano TX
Beal Bank USA
BMW BANK NORTH AMERICA
Capital One Bank USA NA
Capital One NA
Cpnterstate Bank NA
2,045,688.15
250,000.00
250,000.00
249,000.00
249,000.00
249,000.00
250,000.00
250,000.00
250,000.00
247,000.00
250,000.00
248,000.00
2,0116,688.16
238,975.00
241,837 .50
233,265.69
249,012.45
244,647.48
228,597.50
228,597.50
239,412.50
243,640.80
242,715.00
235,976.96
2,046,688.16
250,000.00
250,000.00
249,000.00
249,000.00
249,000.00
250,000.00
250,000.00
250,000.00
247,000.00
250,000.00
248,000.00
'1.400
3.800
0.700
4.500
2.000
1.900
1.900
1.550
2.300
3.900
't.250
2.989
1.380
3.748
0.690
4.438
1.973
1.874
1.874
1.529
0.000
0.000
1.233
452
1,359
568
1,670
207
1,143
1,143
455
177
1,359
485
03t2812025
09t21t2027
0712212025
07t2812028
07t2612024
o2t17t2027
02t17t2027
0313112025
06t26t2024
0912112027
0413012025
Portfolio CITY
AP
PM (PRF_PM2) 7.3.0Run D ate: 02 I 06 nO24 - 1 1 :47
Report Ver. 7.3.6.1
The Gity of lndian Wells
Portfolio Management
Portfolio Details - Investments
December 31,2023
Purchase
Date Par Value
Stated YTM Days to Maturity
Book Value P.ra Fitch 360 MaturitvCUSIP
Negotiable CD's
29260M8E4
320278AM9
320437p.DB
321 1 0YD93
32026UWsl
321 12UDR9
395731811
5305204K1
5380361D4
s8404DS\42
64034KAG6
654062J22
66736A8V0
69506YR15
709621AS1
724468AG8
856285TF8
86616RAG0
87164XR65
89235MKY6
lnvestment #
520
521
586
592
590
517
550
585
514
587
558
513
519
522
557
588
516
591
575
548
lssuer
Subtotal and Average
Bank of America MTN A
Bank of America MTN A
Bank of New York Mellon CorP
John Deere Capital Corp
JPMorgan Chase & Co
JP Morgan Chase Bank NA
Montebello CA Pens Oblig AA
Subtotal and Average
Fed. Farm Credit Bank
Fed. Home Loan Bank
ENCORE BANK
First Freedom Bank
First Guaranty Bank Hammond LA
First National Bank of America
First Foundation Bank
First Natl Bank of Mccregor TX
Greenstate Credit Union
Liberty First Credit Union
Live Oak Banking Company
Medallion Bank Utah
Nelnet Bank, lnc.
Nicolet National Bank
Northwest Bank
Pacific Western Bank CA CD
Pentagon Federal Credit Union
Pitney Bowes Bank lnc.
State Bank of lndia NY, NY CD
Summit National Bank
Synchrony Bank
Toyota Financial Sgs Bk
Average
7,916,806./15
8,0s1,389.13
0413012020
0413012020
o8t1'v2023
08t1612023
0811612023
04t2812020
06t16t2021
08t11t2023
0313112020
07t3112023
0210212022
0313112020
o4t30t2020
04t3012020
09t29t2021
07t31t2023
04t2912020
08t1612023
09t2312022
0412212021
0512812021
0713012021
05t14t2020
05t18t2023
0212612021
0112212021
0711712020
07to3t2023
0312412021
249,000.00
249,000.00
249,000.00
249,000.00
244,000.00
249,000.00
250,000.00
249,000.00
250,000.00
249,000.00
250,000.00
250,000.00
249,000.00
248,000.00
249,000.00
244,000.00
248,000.00
249,000.00
250,000.00
250,000.00
7,716,000.00
1,000,000.00
1,000,000.00
1,000,000.00
'l,OOO,OOO.OO
1,000,000.00
2,000,000.00
1,000,000.00
8,000,000.00
2,000,000.00
1,000,000.00
MarketValue
245,668.38
245,626.05
249,082.'17
255,098.0'1
243,524.20
237,217.32
227 ,187.50
253,275.33
238,910.00
248,011.47
225,935.00
238,902.50
236,726.79
235,976.96
223,616.94
242,941.O4
237,100.40
252,274.35
243,1 35.00
228,760.00
7,435,647.79
909,020.00
890,950.00
959,730.00
1 ,016,550.00
904,340.00
1,798,100.00
960,850.00
7,439,540.00
2,002,560.00
926,210.00
249,000.00
249,000.00
249,000.00
249,000.00
244,000.00
249,000.00
250,000.00
249,000.00
250,000.00
249,000.00
250,000.00
250,000.00
249,000.00
248,000.00
249,000.00
244,000.00
248,000.00
249,000.00
250,000.00
250,000.00
7,716,000.00
1,000,000.00
1,000,000.00
1,005,003.70
1,022,205.95
1,000,000.00
2,000,000.00
1,O23,179.70
8,050,389.35
2,000,000.00
1,000,000.00
1.919 938
04t3012024
04t3012024
08to4t2028
oal15l202a
08t0912028
04t28n025
0611612026
08t0712028
03t3112025
0713112028
o210212027
03t31n025
04t3012025
0413012025
09t29t2026
07t31no28
04t29t2025
0811012028
0912312027
04t2212026
05t28t2026
0713012026
04t2412025
0112012028
o2t2612026
01t22t2026
06t0112025
1.150
1.100
4.500
4.450
4.450
1.350
0.900
4.700
1.400
4.400
1.500
1.400
1.200
1.250
0.900
4.400
1.600
4.500
3.950
0.900
1.135
1.086
4.438
4.394
0.000
| -JsZ
0.888
4.641
1.382
4.406
1.479
1.382
1.184
1.233
0.888
0.000
1.578
4.443
3.896
0.888
120
120
't,677
1,688
1,642
483
897
1,680
455
1,673
1J28
455
485
485
1,002
1,673
484
1,683
1,361
842
Medium Term Corporate Notes
06048\ JI\i131 549
06048\ AI72 556
06406RAN7 524
24422EWR6 576
48128G2Q2 538
46632FRU1 533
612285AE6 526
Federal Agency lssues - Callables
3133EPPC3
31 30ALJ62
1.250
1.200
'1.600
4.750
0.800
0.700
2.503
1.233
1.184
1.190
4.083
0.789
0.690
0.819
878
941
479
1,480
787
752
517
1.t41 A24
582
542
184 0710312024
813 03t2412026
Portfolio CITY
AP
Prvr (PRF_PM2) 7.3.0Run Dale: 021m, 12024 -'l 1 :47
5.375
0.875
5.301
0.863
The City of lndian Wells
Portfolio Management
Portfolio Details - lnvestments
December 31,2023
YTM Days to MaturityAverage Purchase Stated
CUSIP lnvestment #
Federal Agency Issues - Callables
3130ALMM3 544
StSOnL\,62 S+O
3130AMW57 551
3130AQWF6 559
3130AQWJ8 560
3130AQ255 563
3130ARCV1 565
3130ARGE5 566
3130A5320 568
3130A5S67 571
3130ASS91 572
3134GXMX9 564
3134GXQP2 567
3134GXUM4 569
Treasury Securities
Treasury Discounts -Amortizing
91282CFU0
9 1 281 0FF0
Miscellaneous Securities - Coupon
255651 KY6
63877NMM6
lssuer
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Bank
Fed. Home Loan Mtg CorP
Fed. Home Loan Mtg CorP
Fed. Home Loan Mtg CorP
Subtotal and Average
U.S. Treasury
U.S. Treasury
Subtotal and Average
Subtotal and Average
U.S. Treasury
Subtotal and Average
Pacific Western Bank
Dixon CA Unified School Dist
Natomas CA Sch Dist AA lnsured
23,514,482.49
500,786.44
300,000.00
800,786.114
1,001,178.19 4.904
1,001,1 78.19
257,766.63 5.370
0.672
1.100
0.395
1.085
213 0810112024
s78 08t0112025
0.6s3 350
5.094 164 06fi312024
5.094 164
5.370 188 0710712024
s.370 188
Portfolio CITY
AP
PM (PRF PM2) 7.3,0
03t3012021
04t2212021
0613012021
02t2512022
0212412022
03t10t2022
0312812022
o4t2112022
ost26t2022
ogt1612022
08t1012022
03t2512022
0412812022
06107t2022
Par Value
2,000,000.00
1,000,000.00
2,OOO,OOO.OO
1,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
1,700,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
20,700,000.00
10,000,000.00
1 3,000,000.00
23,000,000.00
500,000.00
300,000.00
800,000.00
1,024,000.00
1,024,000.00
257,766.63
Market Value
1,856,640.00
929,490-00
I,856,580.00
939,070.00
936,210.00
949,020.00
1,985,620.00
963,760.00
1,673,259.00
'1,000,130.00
979,390.00
974,430.00
977,650.00
990,670.00
19,940,689.00
10,062,900.00
13,782,600.00
23,845,500.00
487,685.00
283,422.00
771,107.00
1,000,581.12
1,000,s81.12
257,766.63
Book Value
2,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
1,700,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
20,700,000.00
9,919,895.17
13,594,587.32
Fitch 360
'1.000
1.100
0.750
2.150
2.050
2.500
2.250
3.000
3.000
4.500
4.000
2.200
3.030
3.050
4.125
5.250
0.986
1.085
0.700
2.12',1
2.022
2.466
1.846
2.959
2.959
4.438
3.945
2.170
2.988
3.008
819
842
9'11
1,151
1,150
1,164
87 1,206
330
1,323
1,317
449
483
158
o3t3012926
0412212026
06t30t2026
0212512027
02t2412027
0311012027
03t2812024
0412112027
1112612024
o8t16t2027
0811012027
03t25n025
04t2812025
06t07t2024
593
594
29,700,104.38
14,294,861.41
800,838.99
999,322.85
12t1212023
12t14t2023
2.4s2 706
4.294
4.143
4.206 1,619
1,399 1013112027
1,780 1111512028
537
531
0211812021
1010112024
12t21t2023
o6to7t2023
912797FS1 595
Componding Certificates of Deposit
SYS581 581
RrnD?t(e: 021612024 - 11:47
Subtotal and Average 252,405.03 2s7,766.53 257,766.63 257,765.63
CUSIP lnvestment # lssuer
Total and Average
Average
Balance
71,033,208.33
Market Value
67,932,600.20
Stated
BookValue Ra1g
69,282,371.76
YTM Daysto
Fitch 360 Maturitv
3.010 968
Portfolio CITY
AP
PM (PRF_PM2) 7.3.0
The City of lndian Wells
Portfolio Management
Portfolio Details - lnvestments
December 31,2023
Purchase
Date Par Value
68,739,535.29
Run Dde'. 021 6 no24 - 1 1 :47
G1{-.i.
INDIAN .\) WELLS
City of lndian Wells
44-950 Eldorado Drive
lndian Wells CA92210
(760)346-2489CALIFORN iA
lnvestments
Money Market Sweep/Checking Account
lnvestments
Par
201 4, 201 5, 2016, 2020 Series
Portfolio Management
Portfolio Summary
December 31,2023
Market
Value
Book
Value
Yo of
Portfolio
Days to
Maturity
YTM
350 Equiv.
0.000
0.000
Term
YTM
365 Equiv.
0.000
0.000
Portfolio 14A
CP
PM (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
Value
10,717.10
10,7',t7.10
10,717.10
10,717.',10
10,717 .10 100.00
10,717.10 100.00% 1
Total Earnings
Current Year
Avelage Balance
of Return
Reporting period I ?01 /2023-1431 12023
December 31 Month Ending
0.00 10,672.59
0.00%
Run Date: 02106/2024 - 13:55 No fiscal year history available
201 4, 201 5, 2016, 2020 Series
Portfolio Management
Portfolio Details - lnvestments
December 31,2023
Purchase
Dile
Stated
BookValue Rate
0.00 11.71
0.00 10,705.39
0.00 10,717.10
10,717.10
Page I
YTM Days to Maturity
Fitch 365 Maturitv Date
0.000
0.000
0.000
0.000
0.000
0.000
0.000
Portfolio 14A
CP
PM (PRF PM2) 7,3.0
CUSIP lnvestment #
Money Market Sweep/Checking Account
SY528
SYS26
SYS25
sYs27
SYS24
Subtotal and Average
Total and Average
28 zo
25 27
1 lssuer
20144 Bonds Reserve
All Bond Series Principal
All Bond Series lnterest
All Bond Series Debt Svc
Cost Of lssuance Escrow
Average
10,672.59
10,672.59
07to1t2022
oTto'U2022
0710112022
07tun022
07t01t2022
Par Value
0.00 11.71
0.00 10,705.39
0.00 10,717.',lo
10,717.10
Market Value
0.00 11.71
0.00 10,705.39
0.00 10,717.10
10,717.10
Run Date; 02106/2024 - 13:55
Report Ver. 7.3.6.1
l--_ !!
(E/
{ r'rL {-
INDIAN .\'WELLS\
City of lndian Wells
zl4-950 Eldorado Drive
lndian Wells C492210
(760)346-2489CALIFORNIA
lnvestments
Money Market Sweep/Checking Account
lnvestments
Value
1.00 1,00
December 3{ Month Endinq
?ar
2015 A Bonds
Portfolio Management
Portfolio Summary
December 31,2023
Market
Value
1.00 1.00
Book
Value
%ol
Portfolio Term
Days to
Maturity
YTM
360 Equiv.
0.000
1 0.000
YTM
365 Equiv.
0_000
0.000
Portfolio't5A
CP
PM (PRF_PMl) 7.3.0
Report Ver. 7.3.6.1
1.00 100.00
1.00 100.00%
Total Earnings
Current Year
Average Balance
of Return
Kevin
Reporting period 121O1 12023-12131 12023
0.00 1.00
0.00%
Run Date: 0206/2024 - 14:05 No fiscal year history available
2015 A Bonds
Portfolio Management
Portfolio Details - lnvestments
December 31,2023
Purchase
Date
0710112022
07t01t2022
1.00 0.00
Stated
BookValue Rata
100
1.00 1.00
0.00 0.000
0.000
YTM Days to Maturity
Fitch 365 M.turitv n.la
0.000
0.000
Portfolio 15A
.cP
PM (PRF_PM2) 7.3.0
CUSIP lnvestment # lssuer
Money Market Sweep/Checking Account
SYS27 27 2015A Reserve
SYS22 22 UBC Costoflssuance Escrow
Subtotal and Average
Total and Average
Average
Fl.l.n.a
L00
r.00
Par Value
1.00 1.00
Market Value
't.00
0.00 1.00
r.00
Run Date: 020612024 -'14:05
Report Ver. 7.3.6.1
i- ;,
tE/rl l:
INDIAN'J WELLS
City of lndian Wells
44-950 Eldorado Drive
lndian Wells CA92210
(760)346-2489CALIFORNIA
lnvestments
Money Market Sweep/Checking Account
lnvestments
2016 A Bonds
Portfolio Management
Portfolio Summary
December 31,2023
MarketPar
1.00 1.00
December 31 Month Endinq
Book
Value
%of
Pdrff6lid Term
Days to
Maturity
YTM
350 Equiv. 365 Equiv.
0.000 0.000
0.000 0.000
Portfolio 164
CP
Pr\, (PRF_PM1) 7.3.0
Report Ver. 7.3.6.1
Total Earnings
Current Year
Daily Balance
of Return
Agency
Reporting petiod 1210'1 12023-12131 12023
0.00 1.00
0.00%
1.00 1.00
1.00 100.00
{.00 100.00%
Run Date: 02062024 - 14:10 No fiscal year history available
2016 A Bonds
Portfolio Management
Portfolio Details - lnvestments
December 31,2023
Purchase
Date
Stated
BookValue Rate
YTM Days to Maturity
Fifch 365 Maturitv Dela
0.000
0.000
0.000
0.000 1
Portfolio 16A
CP
Pt\il (PRF_PM2) 7.3.0
SYS28
SYS33
CUSIP lnvestment f
Money Market Sweep/Checking Account
lssuer
UBC Cost Of lssuance Escrow
Union Bank Reserve Account
Subtotal and Average
Total and Average
Average
1.00 1.00
0710'U2022
07to1no22
Par Value Market Value
0.00 '1.00
1.00 0.00
1.00 1.00
1.00 0.00
1.00 1
1 2
1.00 1.00
1.00 Run Da/.e: 021cf,12024 - 1 4:1O
Report Ver. 7.3.6.1
INDIAN WELLS 2O2O A Bonds
Portfolio Management
Portfolio Summary
December 31,2023
Market
City of lndian Wells
44-950 Eldorado Drive
lndian Wells CA92210
(760)346-2489CALIFORNIA
lnvestments
Money Market Sweep/Checking Account
lnvestments
1.00 1.00
December 31 Month Ending
1.00 1.00
1.00 100.00
1.00 {00.00%
Par Book %of
Portfolio Term
Days to
Maturity
YTM
360 Equiv.
0.000
0.000
365 Equiv.
0.000
0.000
Portfolio 20A
CP
PM (PRF_PMl)7.3.0
Report Ver. 7.3.6.1
1 Total Earninqs
Cunent Year
Average Daily Balance
of Return
McCarthy, Agency
Reporting period 12101 120234A31 12023
0.00 1.00
0.00%
Run Dale: 021c6,12024 - 1 4:23 No fiscal year history available
2020 A Bonds
Portfolio Management
Portfolio Details - lnvestments
December 31,2023
YTM Daysto MaturityAverage Purchase Stated
CUSIP lnvestment # lssuer
Money Market Sweep/Checking Account
SYSI 1 2020A Bonds COI
SYS2 2 2020 A Bonds Reserve
Subtotal and Average
Total and Average
07t01t2022
07t01t2022
Par Value Market Value
0.00 1.00
1.00 1.00
Book Value
L00
1.00 0.00
1.00 0.00
1.00 0.000
0.000
1.00 1.00
1.00 1.00
0.000 1
0.000
Portfolio 20A
CP
PM (PRF_PM2) 7.3.0
Rtn Dale: 02 I 6 DO24 -'l 4:23
Report Ver. 7.3.6.1
'(?/
d* i-;
INDIAN $ WELLS
CALIFORNIA
lnvestments
Money Market Sweep/Checking Account
lnvestments
Value
6,611,211.66
6,611,211.66
December 31 Month Ending
0.00 6,583,698.25
O.OOo/"
2022 Bonds
Portfolio Management
Portfolio Summary
December 31,2023
Market
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6,61 1,21 1 .66
6,6't 1,211.66
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6,61 1 ,21 1 .66 100.00
6,61 1,211.66 100.00%
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City of lndian Wells
zt4-950 Eldorado Drive
lndian Wells C492210
(760)346-2489
YTM YTM
360 Equiv. 355 Equiv
0.000 0.000
0.000 0.000
Pofttolio22
CP
PM (PRF_PMl) 7.3.0
Report Ver. 7.3.6.1
1 Total Earninqs
Current Year
Average Daily Balance
Effective
Kevin Treasuer
Reporting petiod 1AU 120234?i31 12023
Run Date:02/062024 - 14:34 No fiscal year history available
2022 Bonds
Portfolio Management
Portfolio Details - lnvestments
December 31,2023
Purchase
Date Par Value
Stated
BookValue Rate
Page I
YTM Days to Maturity
Fifch 365 Maturitv n.la
0.000
0.000
0.000
0.000
0.000
0.000
0.000
Portfolio 22
CP
PM (PRF_PM2) 7.3.0
CUSIP lnvestment #
Money Market Sweep/Checking Account
SYS2
SY54
SYSl
sYs5
SYS3
Subtotal and Average
Total and Average
lssuer
2022 Bonds COI
2022 Bonds lnterest
zbz2 eonos Project Fund
2022 Bonds Redemption Fund
2022 Bonds Payment Fund
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1 5
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6,s83,698.25
6,583,698.2s
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0311612023
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03t16t2023
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0.00 253.00
6,610,067.25
889.28
2.'13
6,611,211.66
6,611,211.66
Market Value
0.00 253.00
6,610,067.25
889.28
2.13 6,611,211.65
5,611,21r.66
6,610,067.25
0.00 253.00
889.28
2.13 6,611,211.66
6,611,211.66 1
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Report Ver. 7.3.6.1
INDIAN WELLS CITY COUNCIL
February 15, 2024
To: City Council
From: Community Development Department
Prepared by: Jon Berg, Community Development Director
Subject: Ordinance Amending Sections 21.60.020, 21.60.080.,
21.90.030, and Adding Section 21.60.085 to the Zoning Code Relating to City Landscape Requirements and Finding the Action to be Categorically Exempt under the California
Environmental Quality Act
RECOMMENDED ACTION:
Council ADOPTS Ordinance No. 752 by title only and waives further reading, amending Sections 21.60.020, 21.60.080., 21.90.030, adding Section 21.60.085 to the Zoning Code relating to City landscape requirements and finding the action to be categorically exempt under the California Environmental Quality Act.
ATTACHMENTS:
1. Ordinance No. 752
ORDINANCE NO. 752
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF INDIAN WELLS AMENDING SECTIONS 21.60.020, 21.60.080, 21.90.030 AND ADDING SECTION 21.60.085 TO THE CITY ZONING CODE RELATING TO CITY LANDSCAPE REQUIREMENTS; AND FINDING THE ACTION TO BE
CATEGORICALLY EXEMPT UNDER THE CALIFORNIA ENVIRONMENTAL
QUALITY ACT
W
HEREAS, the City of Indian Wells, California (“City”) is a municipal corporation, duly organized under the constitution and laws of the State of California; and WHEREAS, California Government Code section 65800 et seq. authorizes the adoption and administration of zoning laws, ordinances, rules, and regulations by cities as a means of implementing the General Plan; and
WHEREAS, the City has the authority under Article 11, Section 5 of the California Constitution and the City Charter to make, amend, and enforce all ordinances and regulations with respect to municipal affairs; and
WHEREAS, the City desires and intends to amend Section (s) 21.60. 020, 21.60.080,
21.90.030 and add Section 21.60.085 to the City’s Zoning Code to clarify existing regulations and adopt new regulations related to the City’s landscape requirements; and WHEREAS, the Planning Commission held three (3) separate study sessions with the community and the City’s professional landscape consultant to discuss potential revisions to the city’s landscape regulations at which time all persons wishing to be heard were afforded an opportunity to be heard; and
W
HEREAS, on October 12, 2023, the City gave public notice of a Planning Commission public hearing to be held to consider this Ordinance by advertisement in a newspaper of general circulation; and
W
HEREAS, on October 26, 2023, the Planning Commission held its first public hearing to consider the staff report, recommendations by staff, and public testimony concerning this Ordinance.
Following the public hearing, the Planning Commission voted to forward the Ordinance to the City Council with a recommendation in favor of its adoption; and W
HEREAS, on November 21, 2023 the City gave public notice of a City Council public hearing to be held to consider this Ordinance by advertisement in a newspaper of general circulation; and
W
HEREAS, on December 7, 2023, the City Council held its first public hearing to consider the Ordinance, including: (1) the public testimony and agenda reports prepared in connection with the Ordinance, (2) the policy considerations discussed therein, and (3) the consideration and recommendation by the City’s Planning Commission; and
W
HEREAS, after considering staff’s presentation and public testimony, City Council deliberated on the Planning Commission’s recommended amendment to enforce a timeline for properties recently found not to be in compliance with the current landscape code, and ATTACHMENT #1
City of Indian Wells
Ordinance No. 752
WHEREAS, after much deliberation, City Council directed staff to rescind all recent Notices of Violation to property owners found not be in compliance with the current landscape code, and bring the ordinance back to Planning Commission for consideration of an opti onal enforcement policy provided by city staff; and
WHEREAS, on December 14, 2023, the City noticed the Planning Commission’s second public hearing for the proposed ordinance in accordance with Government Code section 65090; and
WHEREAS, on December 28 , 2023, the City’s Planning Commission conducted their second p ublic hearing to reconsider the proposed ordinance with amendments and consider additional public testimony. Following the public hearing, the Planning Commission voted to forward the Ordinance to the City Council with a recommendation in favor of its adoption; and
WHEREAS, on January 4, 2024 the City gave public notice of the second City Council public hearing to be held on the Ordinance by advertisement in a newspaper of general circulation; and
WHEREAS, on January 18, 2024, the City Council held its second public hearing to consider the Ordinance, including: (1) the public testimony and agenda reports prepared in connection with the Ordinance, (2) the policy considerations discussed therein, and (3) the consideration and recommendation by the City’s Planning Commission; and
WHEREAS, all legal prerequisites to the adoption of the Ordinance have occurred.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF INDIAN WELLS DOES HEREBY ORDAIN AS FOLLOWS:
Section 1. The foregoing Recitals are true and correct and are incorporated herein by this reference.
Section 2. CEQA. This action has been reviewed in accordance with the authority and criteria contained in the California Environmental Quality Act (CEQA), the State and local CEQA Guidelines, and the environmental regulations of the City. The City, acting as the Lead Agency, has determined the ordinance amendment is exempt from CEQA pursuant to Section 15304, where the proposed amendment consists of minor public or private alterations to the condition of land, water or vegetation as there is no possibility the activity in question will have a significant effect on the environment. Alternatively, it has determined the ordinance amendment is exempt from CEQA per CEQA Guidelines Section(s) 15307 and 15308 as actions taken by regulatory agencies, as authorized by state law or local ordinance, to maintain, restore, or enhance a natural resource. The City shall file a notice of exemption within five business days of adoption.
Section 3. General Plan. Based on the entire record before the City Council, including the Planning Commission recommendation and all written and oral evidence presented, the City Council hereby finds that the proposed water efficient landscape amendments to the City’s Zoning Code are consistent with stated goals and policies in the City’s adopted General Plan, including General Plan Policy(s) 11.A1.18(1) which aims to promote water effici ent landscaping and other methods to
City of Indian Wells
Ordinance No. 752
support environmental conservation goals; Policy IIIA8.3 which aims to incorporate water -wise native landscaping or alternative water saving materials (i.e., artificial turf) whenever feasible within the City, and; Water Conservation Goal IIIA5 which aims to protect and maintain safe and adequate water supply to ensure that the City’s growing demand for water can be met in a sustainable manner.
Section 4. Code Amendments. Section(s) 21.60.020, 21.60.080, 21.90.030 and
21.60.085 of the Indian Wells Zoning Code are hereby amended and added, respectfully, to read in their entirety as set forth in Exhibit “A,” attached hereto and incorporated herein.
Section 5. Effective Date. This Ordinance takes effect 30 days following its adoption.
Section 6. Custodian of Records. The documents and materials that constitute the record of proceedings on which this Ordinance is based are located at the City Clerk’s office located at 44950 Eldorado Drive, Indian Wells, CA 92210. The custodian of these records is the City Clerk.
Section 7. Severability. If any section, sentence, clause or phrase of this Ordinance or the application thereof to any entity, person or circumstance is held for any reason to be invalid or unconstitutional, such invalidity or unconstitutionality shall not affect other provisions or applications of this Ordinance which can be given effect without the invalid provision or application, and to this end the provisions of this Ordinance are severable. The City Council and the people of the City of Indian Wells hereby declare that they would have adopted this Ordinance and each section, sentence, clause or phrase thereof, irrespective of the fact that any one or more section, subsections, sentences, clauses or phrases be declared invalid or unconstitutional.
Section 8. Publication; Effective Date. The City Clerk shall certify the adoption of this Ordinance. Not later than 15 days following the passage of this Ordinance, the Ordinance, or a summary thereof, along with the names of the City Council members voting for and against the Ordinance, shall be published in a newspaper of general circulation in the City of Indian Wells.
PASSED APPROVED AND ADOPTED by the City Council of the City of Indian Wells, California, at a regular meeting held on the 15th day of February, 2024.
________________________
GREG SANDERS
MAYOR
City of Indian Wells
Ordinance No. 752
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF INDIAN WELLS)
CERTIFICATION FOR ORDINANCE NO. 752
I, Angelica Avila, City Clerk of the City Council of the City of Indian Wells, California, DO HEREBY CERTIFY that Ordinance No . 752, having been regularly introduced at a regular meeting of January 18, 2024 was again introduced, the reading in full thereafter unanimously waived, and duly passed and adopted at a regular meeting of the City Council held on February 15, 2024 and said Ordinance was passed and adopted by the following stated vote, to wit:
AYES:
NOES:
and was thereafter on said day signed by the Mayor of said City of Indian Wells.
ATTEST: APPROVED AS TO FORM:
__________________________________ ________________________________
ANGELICA AVILA TODD LEISHMAN
CITY CLERK CITY ATTORNEY
City of Indian Wells
Ordinance No. 752
EXHIBIT A
Amended Landscape Regulations
(follows this page)
City of Indian Wells
Ordinance No. 752
Exhibit A: Code Amendments
Section 21.60.085 is hereby added to Title 21 Zoning Code to read in its entirety as follows:
21.60.085 Landscape Application Requirements
A complete landscape application shall include the items listed below. Submissions that are incomplete will not be considered. The Planning Department or Review Authority (as defined by Section 21.60.020(b)(1)) may require additional information for a particular application. Design guidelines established by the City should be consulted prior to submission of the application. a) Purpose and Intent.
This Section provides general standards establishing landscaping requirements that are intended to:
1) Protect and elevate the city’s unique desert setting, distinguishing itself as a prestigious resort community. The standards set forth aim to enhance the aesthetic appearance of all developments.
2) Ensure compatibility between adjoining land uses and public rights of way, ensuring a harmonious blend with the surrounding environment.
3) Conserve water through efficient irrigation and appropriate plant selection and align the city’s standards with state water conservations acts aiming to reduce water consumption.
4) Prioritize the health and safety of the public, ensuring that landscaping practices in the City enhance pedestrian and vehicular traffic safety and maintain the integrity of neighborhoods.
5) Establish a unified City landscape theme, promote water conservation and enhance the physical and natural beauty of the environment.
b) Application
The landscaping requirements in this chapter apply to the following within all areas of the City except common interest development areas that are not visible from public right-of- way:
1) All new landscape or remodeled landscape projects on or after January 1, 2024 that affect more than 250 square feet;
City of Indian Wells
Ordinance No. 752
2) Unless they are subject to paragraph (b)(1) of this section, p roperties with existing legal nonconforming projects as allowed under section 21.90.030 of the Municipal Code are considered “grandfathered” and exempt from regulations of this section. Changes to existing legal nonconforming or “grandfathered” landscape projects are subject to regulations in section 21.90.030 of the Municipal Code.
3) Fee. An application fee in an amount published by the Planning Department is required for review and processing of landscape design packages.
c) Definitions.
As used in this Section, terms are defined as follows:
1) “Artificial turf” means a surface made from synthetic fibers to look like natural grass. 2) “Berming” means the process of creating raised areas of soil, often for the purpose of enhancing landscape design or managing water flow.
3) “Box trees” means trees that are sold in large square containers. Size, such as 24- inch or 36-inch, refers to the diagonal measurement of the box. 4) “Compost” means decomposed organic matter used to enrich soil. 5) “Drought-tolerant plants” means plants that can survive with minimal water, often native to arid regions.
6) “Focal points” means elements in a landscape design that capture attention, such as a unique plant, water feature, statue, or other installations. 7) “Golden ratio” means a mathematical ratio found in nature and art, often used in design for its aesthetically pleasing properties. In landscaping, it refers to the proportional arrangement of plants and hardscape.
8) “Grandfathered landscapes” refers to properties that currently have legal nonconforming landscapes in place. These properties are classified as grandfathered and are therefore exempt from the regulations outlined in this section unless they are subject to paragraph (b)(1) of this section. Any modifications to these grandfathered landscapes will be regulated pursuant to section 21.90.030. 9) “Hardscape” means non-living elements of landscaping, such as concrete patios, walkways, and walls.
10) “Hydrozone” means a portion of the landscaped area having plants with similar water needs that are served by sprinkler heads, a valve or set of valves with the same schedule.
City of Indian Wells
Ordinance No. 752
11) “Inorganic ground Cover” means inorganic materials used to cover the ground for decorative or functional purposes, such as decomposed granite, crushed rock, cobbles, and boulders.
12) “Irrigation system” means a system that delivers water to plants. Types include drip irrigation (where water drips slowly to the roots of plants) and sprinkler systems. 13) “Landscape area” means all non-turf areas such as parkways, planters, flower beds and undeveloped areas that require landscape, irrigation and weed control. 14) “Mulch” means an organic material spread around plants to retain moisture, suppress weeds, and improve soil health.
15) “Non-functional turf” means turf that is solely ornamental and not regularly used for human recreational purposes or for civic or community events. 16) “Non-potable water” means water not treated to drinking water standards and is not meant for human consumption. Includes raw (untreated) water from reservoirs, which is commonly used for irrigation and other purposes.
17) “Organic cover” means a natural material used to cover the soil and enhance its quality. Examples include mulch and compost.
18) “Plant density” means the number of plants within a defined landscape area calculated as an average of plants per 100 square-feet.
19) “Plant size” means the volume of the container in which a plant is sold, which gives an approximate idea of the size of the plant. Common sizes include one -gallon, five- gallon, and fifteen-gallon.
20) “Texture” means how fine or coarse the surface of a plant or inorganic material is.
For inorganic ground cover, texture refers to the size of the crushed rock, pebbles, stone, etc.
21) “Tree root barrier” means a root deflector, which can be made from various materials that help block or redirect roots to prevent damage to adjacent hardscape features or structures.
22) “Turf” means the upper layer of ground that is made up of live grass and plant roots. 23) “Weed barrier” means a permeable cloth material laid over the ground to prevent the growth of weeds.
d) Review and Permitting Authority.
1) All landscape projects with a landscaped area greater than 250 square feet and less than 2,500 square feet shall be reviewed and permitted by the Planning Department in compliance with this Section.
City of Indian Wells
Ordinance No. 752
2) Landscape plans exceeding 2,500 square feet and not within an active homeowner’s association shall be reviewed by the City’s Design Review Committee (DRC). 3) Landscape plans for areas greater than 2,500 square feet shall require plans drawn by a professional landscape architect licensed in the state of California. 4) All properties that require the installation of landscaping in compliance with the development standards of this title shall provide and maintain landscaping in compliance with the provisions of this chapter.
5) The following landscape projects shall also comply with Chapter 21.70 Water Efficient Landscaping of the City Municipal Code.
i. New construction and rehabilitated landscapes for public agency projects and private development projects requiring a building or landscape permit, plan check or design review;
ii. New construction and rehabilitated landscapes which are developer -installed in single-family and multi -family projects requiring a building or landscape permit, plan check or design review; and
iii. New construction and rehabilitated landscapes which are homeowner -provided and/or homeowner-hired in single-family and multi-family residential projects with a total project area equal to or greater than two thousand five hundred (2,500) square feet requiring a building or landscape permit, plan check or design review. 6) Administrative Landscape Exception. The provision of an administrative landscape exception facilitates regulatory flexibility when a standard is deemed inapplicable or unsuitable for a particular use or design.
i. Application. Applicants shall submit a written request for an administrative landscape exception to the Planning Department, accompanied by a comprehensive description and relevant drawings of the proposed project as outlined in Section
21.60.085(d). The Community Development Director may request additional information as necessary.
ii. Approval. The authority to grant or deny an administrative landscape exception resides with the Community Development Director. However, the Community Development Director may refer the application to the Design Review Committee (“DRC”) or the Planning Commission for decision -making. The following findings shall be made prior to approval of the administrative landscape exception:
i. The findings as set forth in Section 21.06.050(d);
ii. That the proposed project is exempt from the California Environmental Quality Act (“CEQA”);
iii. Preservation of the intent of this Zoning Code and the specific regulation under consideration;
City of Indian Wells
Ordinance No. 752
iv. The circumstances make the strict application of the requirements of this division to the proposed project inappropriate;
iii. Appeal. The applicant may appeal the decision in accordance with the appeal procedures set forth in section 21.06.110.
e) Submittal of Landscape Plan.
A comprehensive and fully dimensioned landscape plan shall be submitted to the Planning Department, including the following details:
1) Site plan with north arrow identifying the planting areas drawn to scale, along with the location and spacing of proposed plants, trees and any other vegetation. Plants having similar water use shall be grouped together in distinct hydrozones. 2) Show the location and type of irrigation system to be utilized within the different hydrozones, as appropriate.
3) Show all existing or proposed features on the site plan, including pools, spas, fountains, decks (concrete or wooden), planters, walkways, gates, low walls, etc. Also indicate proposed finishes for all flat work.
4) Provide a complete plant palette legend identifying size and species, both common and Latin names, and water usage per the Water Use Classification of Landscape Species (WUCOLS). Drought tolerant species are encouraged. f) Landscape Design Standards.
Landscape designs for residential lots, common areas, and commercial developments shall be required to meet the minimum design criteria:
1) Residential lots.
i. Plant density shall be three (3) plants per 100 square -feet of landscape area minimum.
ii. Live or artificial turf areas are permitted and discounted from overall landscape area.
iii. A variety of five (5) unique plant species shall be incorporated within the overall landscape area.
iv. 70% of plants shall be five (5) gallon; 30% of plants shall be fifteen (15) gallon.
Only seasonal plantings (flowers) may be less than five (5) gallon, but shall not be counted toward plant density.
v. A minimum of two (2) 24-inch box trees required in each front yard. Two (2) palm trees at least 8-feet in height may substitute for one (1) 24-inch box tree.
Corner lots shall meet this minimum tree requirement for each of their
City of Indian Wells
Ordinance No. 752
frontages. Tree root control barriers shall be used on trees installed within 5- feet of any hardscape element or structure.
2) Common areas.
i. Plant density shall be three (3) plants per 100 square -feet of landscape area minimum.
ii. Artificial turf areas permitted. Non-functional turf permitted only if irrigated by non-potable water source. Non -functional turf and/or artificial turf shall be discounted from overall landscape area.
iii. A variety of four (4) unique plant species shall be incorporated within the overall landscape area.
iv. 70% of plants shall be five (5) gallon; 30% of plants shall be fifteen (15) gallon.
Only seasonal plantings (flowers) may be less than five (5) gallon, but shall not be counted toward plant density.
v. One (1) 36-inch box tree or two (2) palm trees at least 8-feet in height required per 1,000 sqft of landscape area.
3) Commercial areas.
i. Plant density shall be four (4) plants per 100 square -feet of landscape area minimum.
ii. Artificial turf areas permitted. Non-functional turf permitted only if irrigated by non-potable water source. Non -functional turf and/or artificial turf shall be discounted from overall landscape area.
iii. A variety of five (5) unique plant species shall be incorporated within the overall landscape area.
iv. 70% of plants shall be five (5) gallon; 30% of plants shall be fifteen (15) gallon.
Only seasonal plantings (flowers) may be less than five (5) gallon, but shall not be counted toward plant density.
v. Trees shall be incorporated into the design of all off street parking areas in compliance with Section 21.100.030 of the City’s Municipal Code.
vi. Trees shall be planted along commercial street frontages at a rate of one (1) 36-inch box tree, or one (1) palm tree at least 10-feet in height, per 30-linear feet of street frontage or at the minimum distance between trees as recommended for the specific tree species.
4) Inorganic ground covers and materials.
City of Indian Wells
Ordinance No. 752
Open or voided areas within a defined landscape area shall be covered with inorganic ground covers, including but not limited to decomposed granite, crushed rock, cobbles, boulders, and mulch is acceptable. Bare earth shall not be permitted. A minimum of two (2) different textures of inorganic ground covers shall be required within defined landscape areas, including but not limited to:
i. Crushed Rock: 0.5-inch to 1-inch in size, installed at 2-inch minimum depth. ii. Decomposed Granite: 2-inch minimum depth. Not permitted on slopes greater than 3:1
iii. Cobble: 8” or less diameter set on grade with 1” partially buried so that cobble is not sitting on grade.
iv. Pebbles: 1-inch to 2-inch in size, installed at 3-inch minimum depth. v. Mulch: 3-inch minimum depth.
vi. Boulders: Maximum 3- feet in height and must be buried 1/3 of height of boulder
vii. Artificial turf must be manufactured to meet the following quality standards:
1. Must be permeable to allow water infiltration.
2. Minimum face weight of 75oz per square yard.
3. Minimum pile height of 1.75-inch.
4. Blades shall be comprised of two (2) colors for a natural appearance.
5. Made in the USA.
viii. Mounding and the use of complementary colors are encouraged to enhance visual interest and topography within the landscape area. Mounding shall be maintained at a max slope ratio of 3:1 with a max height of three (3) feet. ix. Weed barriers are encouraged.
5) Aesthetic design.
The city’s landscape aesthetic design guidelines and concepts are encouraged to improve the overall landscape design consistent with the city’s quality of life standards. The Community Development Director may refer landscape designs, which do not meet th e intent of the aesthetic design guidelines, to the city’s Design Review Committee (DRC) for further review. The following landscape aesthetic design guidelines shall be considered during Planning Department review of required landscape plans:
City of Indian Wells
Ordinance No. 752
i. Use of Complimentary Colors: Colors that harmonize and enhance the overall landscape design and built environment are encouraged.
ii. Berming: The aesthetic use of berms and undulating topography is strongly encouraged to add visual interest to the overall landscape design. iii. Proportion and Scale: The design should consider the size relationship between plants, hardscape, and architectural elements, including the application of principles such as the “golden ratio” for spatial arrangements. iv. Order and Balance: Symmetry is encouraged in formal or modern gardens, while asymmetrical planting designs are preferred for natural garden settings.
The architecture and setting should inspire the landscape design. For natural settings, shrubs should be planted in non-uniform masses to present a natural landscape appearance.
v. Repetition and Unity: Repetition fosters order, but variety is essential to prevent monotony. This can be achieved through the effective use of color, texture, and form.
vi. Focal Points: The overall landscape design should incorporate focal points, such as unique plants or features (e.g., boulders, water features, planters, hardscape designs) that contrast with their surroundings in terms of color, size, or texture.
vii. Interconnection: Dry river features and pathways are encouraged to connect different landscape areas, promoting unity and flow.
viii. Simplicity: The design should prioritize simplicity, focusing on primary and accent installations.
ix. Plant Placement: A hierarchy of plant placement is encouraged, with low plants in the foreground and taller plants against structures to create depth.
Consideration should be given to the mature size of plants to prevent overcrowding.
x. Seasonal Interest: A mix of perennial and seasonal plants is recommended to ensure year-round color and interest.
xi. Texture and Form: A variety of textures and forms should be incorporated for added interest. The combination of fine and coarse-textured materials, such as boulders, crushed rocks, cobbles, and decomposed granite, in complementary colors is encouraged.
xii. Landscape Lighting: Any outdoor lighting shall comply with Chapter 22.12 Lighting Standards of the City Municipal Code.
xiii. Landscape Water Features: Any water features included within the landscape area should complement the overall design, be proportionate in size,
City of Indian Wells
Ordinance No. 752
incorporate recirculating water system, and shall not exceed a maximum of 18-inches in depth measured from the highest possible water level as required by California Building Code Chapter 31 (Special construction), Section 3119. xiv. Project applicants shall reference the Lush and Efficient Landscape Gardening Manual prepared by the Coachella Valley Water District prior to submittal of any landscaping plan for review and approval by the city:
http://web.cvwd.org/conservation/lush_book/index.html. Applicants shall also consult the Invasive Plant Inventory prepared by the California Invasive Plant Council prior to selection of any plant species for landscaping: https://www.cal- ipc.org/plants/
g) Irrigation and maintenance.
1) All landscaped areas within the City of Indian Wells shall be irrigated by an automatic irrigation system compliant with Chapter 21.70 Water Efficient Landscaping of the City Municipal Code.
2) All required landscaping and associated irrigation systems shall be appropriately installed and must receive approval from the Planning Department prior to the inauguration or occupancy of the property.
3) All installed landscaping and irrigation systems shall be consistently maintained in accordance with the following specifications or shall be subject to code enforcement penalties in accordance with Section 8.08.010 Maintenance of Property:
i. Landscape maintenance shall encompass regular watering, mowing, pruning, fertilizing, clearing of debris and weeds, the removal and replacement of deceased plants, and the repair and replacement of irrigation systems. ii. To the greatest extent feasible, landscape irrigation water shall not run off the property to create pooling of stagnant water in the street or gutter. iii. Water features, ponds, or any stagnant water bodies within landscaped areas must be equipped with appropriate mosquito prevention measures, such as circulation systems, mosquito fish, or other approved methods, to prevent the breeding of mosquitos. Circulation systems should run at least 8 hours per day.
If a feature has no pump or other approved mosquito control measure, water shall be drained and replaced every 96 hours. Regular inspections and maintenance of these measures are encouraged to ensure their effectiveness. iv. Property owners, homeowner’s associations, or other responsible entities shall ensure that no stagnant water accumulates in any landscaped areas, as such conditions can become breeding grounds for mosquitos. Neglected pools, fountains, or standing water shall be drained to prevent breeding of mosquitos.
Property owners shall notify the Coachella Valley Mosquito and Vector Control District if their water feature is drained or neglected.
City of Indian Wells
Ordinance No. 752
v. Prior to the approval of a final development plan permit or the recording of a subdivision map, a covenant ensuring the ongoing maintenance of all required landscaping and irrigation systems shall be established. This covenant, whether held by property own ers, homeowners associations, or another responsible entity, must be approved by the Community Development Director, with the recommendation of the city attorney, and subsequently recorded in the county recorder’s office.
h) Public safety and protection of intersection visibility.
1) Landscape design plans for corner parcel development projects must ensure traffic safety sight areas are designed to uphold public safety, consistent with Section
21.50.040 Protection of intersection visibility regulations of city’s Municipal Code. 2) Trees and shrubs shall be planted so that at maturity they do not interfere with utility service lines, street lighting, street sweeping, traffic safety sight areas, on-site signs, and basic property rights of adjoining property owners. 3) Trees planted near public curbs, sidewalks, or utility vaults shall have a limited root structure and shall be installed to prevent physical damage to public improvements and shall comply with the following provisions:
i. Canopy trees shall be placed a minimum of ten feet from public street curb and a minimum of three feet from sidewalks.
ii. Palm trees with a trunk height of ten feet or more shall be placed a minimum of three feet from public street curb and sidewalks.
iii. A root barrier system shall be installed when trees are located near public curbs, sidewalks, or utility vaults.
iv. Landscape and irrigation plans shall be required for all public street parkways and median islands and shall conform to city standards and be submitted for review and approval to the city engineer and planning division. v. Right-of-way lines shall be shown on the final landscape plan.
City of Indian Wells
Ordinance No. 752
Section 21.60.020 of Title 21 Zoning Code is hereby amended to read in its entirety as follows:
21.60.020 Applicability and Review Authority.
(a) This Chapter applies to the following activities:
(1) Obtaining a permit to construct a building or structure in any zone; (2) Undertaking any external modification to a structure visible to any roadway or open space, public or private;
(3) Installation of new or remodeled landscape projects in excess of 250 square-feet within all areas of the City except common interest development areas that are not visible from public right-of-way.
(4) Installing new or modifying an existing antenna, outdoor lighting, landscape lighting, private tennis court, emergency generators greater than fifteen thousand (15,000) kilowatts; and
(5) Minor exterior remodel of or addition to a single-family residence, such as:
(i) A window or door change-out,
(ii) A change of exterior house color (desert tones are preferred),
(iii) A wall, fence, planter, fountain, or similar architectural amenity,
(iv) Re-roofing,
(v) A patio cover,
(vi) Solar panels,
(vii) An addition in the rear or side yard that is not visible to any roadway or open space area, public or private,
(viii) Front and side-yard landscape projects visible from the street with a landscaped area greater than 250 square feet and less than 2,500 square feet.
City of Indian Wells
Ordinance No. 752
(ix) Accessory Dwelling Units in compliance with the requirements in Section
21.85.040
(b) Before commencing any of the activities listed in subsection (a) above, the owner of the property must submit a design review application to the Planning Department, to ensure compliance with the provisions of this Chapter, as well as with the b asic zoning and other design parameters that are specified in the Zoning Code. Submissions may be done electronically via the City’s website or in person with the Planning Department. (1) For purposes of this Chapter, the Planning Department, DRC, or the Planning Commission is the “Review Authority” when making the initial decision about an application.
(2) If an application is consistent with all the requirements of the Zoning Code:
(i) Planning Department Review.
(A) The Planning Department is generally the Review Authority for the following:
1. An application under subsection (a)(5) above; or
2. An application for a property located in an area with an active Homeowner’s Association, and the complete design review application has been reviewed and approved by the Association.
(B) However, the Community Development Director may refer the application to the Design Review Committee (“DRC”) or directly to the Planning Commission as the Review Authority.
(ii) DRC Review. The DRC is generally the Review Authority for an application under any of subsections (a)(1) through (a)(4) above, including landscape projects larger than 2,500 square feet, but any member of the DRC may refer the application to the Planning Commission as the Review Authority.
(3) If an application is inconsistent with any requirement of the Zoning Code, the Planning Commission is the Review Authority unless an administrative landscape exception request is granted under section 21.60.085(d)(6) below. (Ord. 727 § 2, 2020)
City of Indian Wells
Ordinance No. 752
Section 21.60.080 of Title 21 Zoning Code is hereby amended to read in its entirety as follows:
21.60.080 Architecture Application Requirements.
A complete design review application shall include the items listed below.
Submissions that are incomplete will not be considered. The Planning Department or Review Authority (as defined by Section 21.60.020(b)(1)) may require additional information for a particular application. Design guidelines established by the City, or if applicable, a Homeowners Association’s Architectural Guidelines should be consulted prior to submission of the application. A complete application must include each of the following:
(a) Application to Construct Form. A completed “Application to Construct” form which can be obtained in electronic or hard-copy format from the City. (b) Required Plans (electronic copies preferred). Two (2) sets of 24″ x 36″ or 30″ x 42″ bluelines or blacklines, along with one (1) rendered blackline each of the residence, elevations, landscape plans prepared in accordance with Section 21.60.085, and other data pertinent to the particular application. Rendered blacklines shall be rolled, not folded.
Defaced, incomplete, indefinite or faded plans will not be accepted. All residential plans and elevations shall be drawn at a minimum scale of 1/8″ = 1′0″. For single family residential submittals, a set of plans shall consist of the items listed below. Requirements for multi -family residential and non- residential projects shall include information necessary to evaluate the proposed project as determined by the Community Development Director.
(1) General Information Block.
(i) Owner and designer’s names;
(ii) Address of owner;
(iii) Telephone number of owner;
(iv) Assessor parcel number and address of residence;
(v) North point, date of drawing and scale; and
(vi) Vicinity map showing location of project.
City of Indian Wells
Ordinance No. 752
(2) Site Plan.
(i) Legal description (lot and tract);
(ii) Lot size (dimension along each property line);
(iii) Zone classification and type of development of subject property and of all adjacent property, including across any street. Show distance of structure(s) on adjacent properties that are within ten (10) feet of project property line;
(iv) Setback of existing and proposed buildings in relation to property lines per standards of the zone;
(v) Locations of swimming pools, spas, air conditioner equipment, pool and spa equipment (i.e., heater, pump), storage areas, utility installations, antenna, tennis courts, refuse storage areas and other auxiliary household equipment shall be noted on site plans;
(vi) Computed areas of building coverage, impervious surfaces, landscaping, and open space;
(vii) Dimension of property lines or boundary lines of project;
(viii) Location, names and widths of boundary streets; and recorded road, utility or drainage easements on property (where none exists, indicate by a note that no easement exists);
(ix) Elevation of existing curb and gutter where available or edge of pavement where no curb exists;
(x) Pad grade and finish-floor elevations; provide information on adjacent parcels if available;
(xi) Heights of existing or proposed walls and fences, as measured from exterior side of wall (side facing street or adjacent property);
(xii) A “line of sight” section for all in-fill construction;
(xiii) Clear delineation of all proposed driveways subject to the criteria outlined under Section 21.20.080; and
(xiv) For all large -scale development (ten (10) acres or larger), the inclusion of natural open space areas to provide habitat for native wildlife.
City of Indian Wells
Ordinance No. 752
NOTE: All site plans must include sufficient information to demonstrate compliance with all applicable development standards in the Zoning Code. (3) Floor Plan. Square footage of living space and location, size, and use of all rooms.
Show all significant dimensions.
(4) Elevations.
(i) Provide all elevations identified as front, rear, right and left side; (ii) Show locations of doors, windows, chimneys, etc.; (iii) Show exterior finishes and roof material;
(iv) Dimension elevation from pad grade, indicate all significant vertical dimensions; and
(v) Show all proposed plant material (trees and shrubs) against elevations. Provide as separate set of elevations.
(5) Roof Plan. Only thirty (30) percent of the total roof area may exceed fifteen (15) feet in height, up to a maximum eighteen (18) feet. Identify that portion of the total roof area that exceeds fifteen (15) feet in height. Show percent calculation on plan. (6) Mailbox Design per United States Postal Service Requirements. Provide a minimum ½″ = 1′0″ scale mailbox design not to exceed four (4) feet in height and eighteen (18) inches in width or depth.
NOTE: Review of design packages containing landscape plans not prepared by a California licensed landscape architect will be subject to additional review fees incurred by the City for the review of such plans by professional design consultants. (7) Conceptual Lighting Plan. Plan shall be submitted delineating size, location, light spread, illuminating capacity (candle power) and hours of operation of proposed exterior lighting. Plan shall be in conformance with lighting standards found in Chapter 22.12 of the City Municipal Code.
(8) Materials Sample and Color Board. (Maximum size 8 ½″ x 14″): Sample of materials should be kept to a minimum size; include exterior finishes of residence including door and window trim colors, and garden walls, along with exterior colors. (Desert tone colors are preferred.)
City of Indian Wells
Ordinance No. 752
(c) Fee. An application fee in an amount published by the Planning Department is required for review and processing of architectural design packages. (Ord. 727 § 2, 2020)
Section 21.90.030 of Title 21 Zoning Code is hereby amended to read in its entirety as follows:
21.90.030 Non-conforming uses and structures.
(a) General. Unless otherwise required by the municipal code, any legally established, lawful use of land, building, structure, or improvement may be continued except as provided herein, even if such use does not conform with the applicable provisions of the current municipal code.
(b) Abandonment. Any legally established non- conforming use of land, building, structure, or improvement that becomes vacant and remains unoccupied for a continuous period of one (1) year shall be termed abandoned, and all future uses shall comply w ith the regulations of the area in which it is located.
(c) Alterations or Additions. An existing building, structure, or improvement conforming as to use but that does not conform to the general development standards may be altered, added to or enlarged, provided that any alteration, addition, or enlargement complies with the current regulations of this division. (d) Maintenance. A legal non- conforming building, structure, site, or improvement shall be maintained in sound and safe condition.
(e) Restoration of Damaged Structures. A legal non-conforming building, and/or structure which is damaged or partially destroyed by fire, explosion or man- induced or natural disaster to the extent of more than seventy- five (75) percent of the fair market value according to the assessment as listed by the Riverside County Assessor for the fiscal year during which the destruction occurs shall be subject to all the applicable regulations specified by this division. (Ord. 387 § 1, 1996)
INDIAN WELLS CITY COUNCIL
February 15, 2024
To: City Council
From: City Manager Department
Prepared by: Angelica Avila, City Clerk
Subject: Council Member Attendance at 2024 Event
RECOMMENDED ACTIONS:
Council APPROVES the attendance of Councilmember Peabody to attend the 2024 Living Desert event as identified in the staff report.
DISCUSSION:
The City Council adopted a ticket policy for pre -approval of Council Member attendance at events which serve a valid governmental or public purpose (Resolution No. 2022-36).
City Council Policy Manual Section 2.11.010 states the consent calendar staff re port will include a description of the event including date and location, the Council Member/s attending, the total cost for each Council Member, and the City’s governmental or public purpose for attending the event.
PRE-APPROVAL OF EVENTS:
Description (Date and Location) Council
Member
Total Cost Public
Purpose
The Living Desert Zoobilee Gala; The
Living Desert, Saturday, February 24,
2024 – 5:30 p.m.-9:00p.m.
Peabody
$2,000 (2
Guests)
Section F (13)
Resolution No. 2022 -36 Section F (13) – Promote community resources and private facilities, including charitable and non -profit organizations facilities, available for use by city residents.
FISCAL IMPACT:
The Fiscal Year 2023-24 budget sets aside up to $2,500 for each Council Member to attend governmental or public purpose events. The Finance Department will track the expenditures and provide monthly reports to the Senior Executive Assistant. The events listed above are budgeted and do not create a new financial impact.
INDIAN WELLS CITY COUNCIL
February 15, 2024
To: City Council
From: City Manager Department
Prepared by: Kristen Nelson, Senior Management Analyst
Subject: Update to Local Hazard Mitigation Plan
RECOMMENDED ACTIONS:
Council ADOPTS Resolution adopting the 20 23 update to the Local Hazard Mitigation Plan Annex to the Riverside County Operation Area Multi -Jurisdictional Local Hazard Mitigation Plan as required by the Federal Disaster Mitigation Act of 2000.
DISCUSSION:
Under the Disaster Mitigation Act of 2000 , every local, county and state government is required to:
1) Conduct an assessment of the natural hazards that pose a threat to the jurisdiction; 2) Determine the potential financial impact of these hazards; 3) Create a plan to mitigate these hazards; and
4) Implement the plan to reduce the impacts of natural disasters.
Indian Wells’ Local Hazard Mitigation Plan (LHMP) aims to identify the city’s hazards, review and assess past disaster occurrences, estimate the probability of future events, and set goals to mitigate potential risks to reduce or eliminate long -term risks to people and property from natural and manufactured hazards , including earthquakes, fires, floods, and terrorism.
A LHMP must be updated and approved every five years per the Disaster Mitigation Act.
This plan update was prepared under the Disaster Mitigation Act of 2000 requirements to achieve eligibility and potentially secure mitigation fundi ng through Federal Emergency Management Agency (FEMA) Flood Mitigation Assistance, Pre -Disaster Mitigation, and Hazard Mitigation Grant Programs.
The City of Indian Wells’ LHMP is an annex to the Riverside County Multi-Jurisdictional Local Hazard Mitigation Plan. Riverside County’s Emergency Management Department is the lead agency for the LHMP and began the updating process in October 2022. This included multiple stakeholder meetings, outreach efforts, and a month-long public comment period
for Indian Wells residents to review the draft plan and provide their feedback. Staff updated information for the 20 23 LHMP based on feedback and insight from residents and stakeholders and submitted it to the County for review. The County approved the update and submitted it to the California Governor’s Office of Emergency Services (CalOES) who also approved the update and then submitted it to the Federal Emergency Management Agency (FEMA) for final review.
The LHMP has been approved by CalOES and FEMA and is now ready for C ity Council adoption.
ATTACHMENTS:
1. Local Hazard Mitigation Plan
2. Resolution
LOCAL HAZARD MITIGATION PLAN
DATE 12/2022
2023
Prepared by: Linda Soto
City of Indian Wells
1/1/2023
Prepared by: Linda Soto
LOCAL HAZARD MITIGATION PLAN
CONTACT INFORMATION
City of Indian Wells
Name: Linda Soto
Title: Emergency Service Coordinator
Address: 44-950 Eldorado Drive
City, State and Zip: Indian Wells, CA 92210
Direct Contact: (760) 346-2489
Fax: (760) 346-0407
Email: [email protected]
CONTACT INFORMATION
LOCAL HAZARD MITIGATION PLAN
CONTACT INFORMATION
LOCAL HAZARD MITIGATION PLAN
CONTACT INFORMATION
LOCAL HAZARD MITIGATION PLAN
ATTACHMENT #1
1 LOCAL HAZARD MITIGATION PLAN
DATE 12/2022
CONTACT INFORMATION
City of Indian Wells
Name: Linda Soto
Title: Emergency Service Coordinator
Address: 44-950 Eldorado Drive
City, State and Zip: Indian Wells, CA 92210
Direct Contact: (760) 346-2489
Fax: (760) 346-0407
Email: [email protected]
Direct Contact: (760) 346-2489
Fax: (760) 346-0407
Email: [email protected]
CONTACT INFORMATION
City of Indian Wells
2 LOCAL HAZARD MITIGATION PLAN
DATE 12/2022
TABLE OF CONTENTS
TABLE OF CONTENTS .................................................................................................. 2 PLAN ADOPTION/RESOLUTION ................................................................................... 3 EXECUTIVE SUMMARY ................................................................................................. 4 RECORD OF CHANGES ............................................................................................. 5 SECTION 1.0 - COMMUNITY PROFILE ..................................................................... 6
1.1 CITY MAP ....................................................................................................... 6
1.2 GEOGRAPHY AND CLIMATE DESCRIPTION .............................................. 6
1.3 BRIEF HISTORY ............................................................................................ 7
1.4 ECONOMY DESCRIPTION ............................................................................ 7
1.5 POPULATION AND HOUSING ...................................................................... 8
1.6 DEVELOPMENT TRENDS AND LAND USE .................................................. 9 SECTION 2.0 - PLANNING PROCESS ........................................................................ 12
2.1 LOCAL PLANNING PROCESS .................................................................... 12
2.2 PARTICIPATION IN REGIONAL (OA) PLANNING PROCESS .................... 13
2.3 DATES AVAILABLE FOR PUBLIC COMMENT ............................................ 13
2.4 PLANS ADOPTED BY RESOLUTION .......................................................... 13 SECTION 3.0 - HAZARD IDENTIFICATION AND RISK ASSESSMENT ...................... 14
3.1 NEW HAZARDS OR CHANGES FROM 2018 .............................................. 14
3.2 BRIEF STATEMENT OF UNIQUE HAZARDS .............................................. 14
3.3 IDENTIFICATION OF RISKS AND VULNERABILITIES ............................... 14
3.4 VULNERABILITY ASSESSMENT ................................................................. 31
3.4.3 KEY ASSETS REPLACEMENT VALUES..................................................... 32 SECTION 4.0 – MITIGATION STRATEGIES ................................................................ 47
4.1 MITIGATION GOALS AND OBJECTIVES ................................................... 48
4.2 MITIGATION ACTIONS FROM 2017 UPDATE ............................................ 50
4.3 2023-2028 MITIGATION ACTIONS FOR EACH IDENTIFIED HAZARD ..... 49
4.4 MITIGATION PROJECTS ............................................................................ 51 SECTION 5.0 – COMMUNITY RATING SYSTEM ........................................................ 52
5.1 REPETITIVE LOSS PROPERTIES .............................................................. 52
5.2 NATIONAL FLOOD INSURANCE PROPERTIES ......................................... 52 SECTION 6.0 - CAPABILITIES ASSESSMENT ............................................................ 52
6.1 REGULATORY MITIGATION CAPABILITIES .............................................. 52
6.2 ADMINISTRATIVE/TECHNICAL MITIGATION CAPABILITIES .................... 54
6.3 FISCAL MITIGATION CAPABILITIES .......................................................... 56
6.4 MITIGATION EDUCATION/ OUTREACH AND PARTNERSHIPS ................ 57
6.5 EXPANSION OF AND IMPROVEMENT ON MITIGATION CAPABILITIES .. 58
6.6 MITIGATION FUNDING OPPORTUNITIES CAPABILITIES ........................ 58 SECTION 7.0 - INCORPORATION INTO EXISTING PLANNING MECHANISMS ....... 59 SECTION 8.0 - PLAN IMPLEMENTATION AND MAINTENANCE PROCESS ............. 60 SECTION 9.0 - CONTINUED PUBLIC INVOLVEMENT ............................................... 61 APPENDIX A – PUBLIC NOTICES AND MAPS ........................................................... 62 Appendix A-12: HAZARD IDENTIFICATION QUESTIONAIRE (TABLE 1A) .......... 80 Appendix A-13: LHMP Draft Open for Public Comment e-blast ............................. 82 Appendix A-14: LHMP Draft Open for Public Comment City website. .................... 82
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DATE 12/2022
PLAN ADOPTION/RESOLUTION
The City of Indian Wells will submit plans to the Riverside County Emergency Management Department , which will forward them to the California Governor’s Office of Emergency Services (CAL OES) for review before being submitted to the Federal Emergency Management Agency ( FEMA). In addition, we will wait to receive an “Approval Pending Adoption” letter from FEMA before taking the plan to our local governing bodies for adoption. Upon approval, the City of Indian Wells will insert the signed resolution.
4 LOCAL HAZARD MITIGATION PLAN
DATE 12/2022
EXECUTIVE SUMMARY
This local hazard mitigation plan aims to identify th e city’s hazards, review and assess past disaster occurrences, estimate the probability of future events, and set goals to mitigate potential risks to reduce or eliminate long -term risks to people and property from natural and manufactured hazards.
The plan was p repared under the Disaster Mitigation Act of 2000 requirements to achieve eligibility and potentially secure mitigation funding through Federal Emergency Management Agency (FEMA) Flood Mitigation Assistance, Pre -Disaster Mitigation, and Hazard Mitigation Grant Programs.
The City of Indian Wells’ continual efforts to maintain a disaster -mitigation strategy is ongoing. We aim to develop and maintain an all -inclusive plan to include all jurisdictions, special districts, businesses , and community organizations to promote consistency, continuity, and unification.
The City of Indian Wells’ planning process followed a methodolo gy presented by FEMA and CAL-OES, which included conducting meetings with the Operational Area Planning Committee (OAPC) coor dinated by Riverside County Emergency Management Department (EMD) comprised of participating Federal, State , and local jurisdictions agencies, special districts, sc hool districts, non -profit communities, universities, businesses, tribes, and the public.
The plan identifies vulnerabilities, provides recommendations for prioritized mitigation actions, evaluates resources , identifies mitigation shortcomings, and provide s future mitigation planning and maintenance of the existing plan.
The plan will be implemented upon FEMA approval.
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DATE 12/2022
RECORD OF CHANGES
This 2023 Local Hazard Mitigation Plan, including Appendices, will be reviewed and approved annually by the Steering Committee following any significant disasters. All updates and revisions to the Plan will be tracked and recorded in the following table.
This process will ensure that the City's recent version of the Plan is disseminated and implemented.
Table 1. Summary of Changes
Date of Change Entered By Summary of Changes
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SECTION 1.0 - COMMUNITY PROFILE
1.1 CITY MAP
1.2 GEOGRAPHY AND CLIMATE DESCRIPTION
Indian Wells is a small-scale residential resort community within the Coachella Valley in Riverside County. The City of La Quinta , the City of Palm Desert, and the unincorporated areas of Riverside County adjoin the city. The current City limits encompass approximately 9,240 acres or 14.4 square miles. Direct access to the city is from State Highway 111. Direct access to the region is by Interstate 10. State Route 74 also provides access to the Coachella V alley region from the south. Unincorporated lands to the city’s southwest are included within the Indian Wells sphere of influence.
Indian Wells is best known for its world-class resorts, catering to golf and tennis enthusiasts, and quality lifestyle. City residents enjoy an ideal climate, with over 330 days of sunshine each year. The City’s beautiful surroundings include views of the Santa Rosa and San Jacinto Mountains.
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1.3 BRIEF HISTORY
Indian Wells officially became a city on July 14, 1967. At that time, Indian Wells was the 16th city to incorporate in Riverside County and the 400th in California. It was the fourth city, after Indio, Coachella, and Palm Springs, to incorporate into the Coachella Valley.
The election for incorporation was held on June 27, 1967, and, per the League of California Cities, had the most significant percentage of approval for incorporation of any city in California. The voter turnout was 87 percent of the 285 registered voters, with 93 percent in favor of becoming a city. At incorporation, there were an estimated 855 legal residents and 585 homes.
However, The Indian Wells area was inhabited long before incorporation. The name Indian Wells originated from a Cahu illa Indian hand -dug well, documented on the earliest maps of California before 1850. The original well was generally located north of present-day Highway 111 and east of Miles Avenue. The well served as a stage station until a public well was established around 1870 and remained in use until 1910. Like most communities established in the Coachella Valley, Indian Wells’ origins are based on travelers’ needs for water and a place to rest. A massive flood destroyed both wells in 1916.
1.4 ECONOMY DESCRIPTION
Indian Wells comprises a resort city and year -round residences with a population of 4,757 (2020 United States Census Bureau) . Located in the heart of Southern California’s Desert Resort communities, the City of Indian Wells is recognized worldwide for its tranquil and luxurious resort environment. The city offers numerous cultural and social activities, inspiring philanthropy, a cohesive and innovative city government, world-class resorts, and championship golf at Indian Wells Golf Resort . The city sponsors many major sporting and cultural events throughout the year. These include the world-renowned BNP Paribas Open and the Margaritaville USA Pickleball National Championships held at Indian Wells Tennis Garden; Desert Town Hall Indian Wells, the Coachella Valley's leading speaker series, and the Indian Wells Arts Festival.
A significant contributor to the City of Indian Wells ’ budget revenues is collected from tourism. The tourism revenues comprised of the transient occupancy tax, admissions tax, and general sales tax comprise over 66% of the City's revenue. The 2021 American Community Surveys reported that the City of Indian Wells’ median household income is $120,680. The City of Indian Wells recognizes that a strong and healthy local economy is one of the most critical funding mechanisms in providing essential services and amenities to meet the current and future needs of the city.
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1.5 POPULATION AND HOUSING
Population: 4,757 (2020 United States Census Bureau)
The 2020 Census showed that the total population of Indian Wells decreased by 201 people since its last 2010 survey.
Housing: The City of Indian Wells ’ 2020 total housing units was 5,140, 23% of which are renter-occupied housing units. In 2020 , the Median Home Value of an owner - occupied housing unit was 723,600. (2020 United States Census Bureau
United States Census Bureau Population
Median Home Values
9 LOCAL HAZARD MITIGATION PLAN
DATE 12/2022
1.6 DEVELOPMENT TRENDS AND LAND USE
The City of Indian Wells is landlocked and has no potential for expanding city boundaries because it shares borders with Palm Desert and La Quinta . The City of Indian Wells’ focus has been primarily centered on the quality of new development to existing and vacant lots to stimulate economic growth, expand the hotel/resort/hospitality industry, and support opportunities to create a full spectrum housing inventory.
There are p otentially three developments along the Whitewater River . Their brief descriptions are:
Genton Development – Located on the northwest corner of Highway 111 and Miles Avenue.
• Resort commercial development proposing a hotel and villas. • The land is currently vacant, and no development application has been filed. • The project proposes to modify the bank of the channel by relocating it approximately 60 feet to the north of its current location to create additional developable land.
Brixton Developme nt – located on the northeast corner of Highway 111 and Miles Avenue.
• Mixed-use development proposing a hotel, a short-term rental area, and a commercial retail area.
• The land is currently vacant, and no development application has been filed. • The project proposes to modify the bank of the channel by relocating it approximately 60 feet to the north of its current location to create additional developable land.
Housing Authority Property – located on the north side of Highway 111 , just east of the Brixton site.
• City-owned property currently designated as a site for affordable housing. If an alternative location is identified for affordable housing, this site will likely be sold as another hotel site for development.
• The land is currently vacant, and no development application has been filed. • The project proposes to modify the bank of the channel by relocating it approximately 40 feet to the north of its current location to create additional developable land.
10 LOCAL HAZARD MITIGATION PLAN
DATE 12/2022
In addition to these three sites, there are three vacant properties in the City. 1) Lissoy – Located at the northeast corner of Miles Ave. at Warner Trail. 2) Tennis Garden (south of Miles) – Located on the south side of Miles Ave , extending from the intersection at Warner Trail to the intersection of Miles Ave and Washington Street.
3) Haggen – Located at the northwest corner of Washington Street at Miles A ve.
This is a small parcel abutting the Indian Wells Tennis Garden property.
Potential Hazards for the Genton Development, Brixton Development, and Housing Authority property: These locations are positioned directly below the Whitewater channel, protecting the City from flooding. However, if the channel is not maintained and cleaned after heavy rains, it can become compromised, making this area a high risk for flooding.
Figure 1.6.1 City of Indian Wells Land Opportunity Site Map from General Plan
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Figure 1.6.2 City of Indian Wells Land Use Map
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SECTION 2.0 - PLANNING PROCESS
2.1 LOCAL PLANNING PROCESS
The City of Indian Wells Local Hazard Mitigation Planning Committee regularly meets to discuss the update process, identify mitigation strategies, prioritize mitigation actions, participate in public outreach planning, and review the plan before county submission.
Representatives from multiple City departments contributed to updating the 2023 Local Hazard Mitigation Plan.
Planning Team:
History of Planning Meetings, Community Events, and OA MJLHMP Meetings:
• In June 2022, the City of Indian Wells participated in a Multi-Jurisdictional Local Hazard Mitigation Plan kick-off meeting hosted by The County of Riverside Emergency Management Department.
• September 2022 LHMP Community survey for Indian Wells planning meeting. • October 6 th, 2022, LHMP update presentation for City Council and Indian Wells residents. (See Appendix A-2)
• October 12 th, 2022, LHMP update meeting with City staff, Riverside County sheriffs, and Cal Fire. (See Appendix A-3)
• December 13, 2022, LHMP update meeting with City staff, Riverside County Sheriffs, and Cal Fire. (See Appendix A-5)
NAME POSITION DEPARTMENT
Chris Freeland City Manager Management
Peter Castro Deputy City Manager Management
Kristen Nelson Sr. Management Analyst Management
Ken Seumalo Public Works Director Public Works
Kevin McCarthy Finance Director Finance
Jon Berg Community Development Director Planning
Matt Kotz Battalion Chief Cal Fire
David Wright Lieutenant
Riverside County Sheriff’s
Department
John Mitroff
Special Enforcement Team (SET)
Officer.
Riverside County Sheriff’s
Department
Kendall Martinez
Special Enforcement Team (SET)
Officer.
Riverside County Sheriff’s
Department
Michael Ornelas
Emergency Service Coordinator
Supervisor
Emergency Management
Department
Linda Soto Emergency Service Coordinator
Emergency Management
Department
13 LOCAL HAZARD MITIGATION PLAN
DATE 12/2022
2.2 PARTICIPATION IN REGIONAL (OA) PLANNING PROCESS
The City of Indian Wells participated in the Multijurisdictional LHMP (MJHMP) planning process with the Riverside County Operational Area (OA) by attending workshops, plan development meetings, Operational Area planning committee, MJHMP steering committee meetings, and public hearings.
The City of Indian Wells participated in Riverside County workshops and meetings, which included:
• June 15 th, 2022, The County of Riverside Emergency Management Department Multi-Jurisdictional Local Hazard Mitigation Plan kick-off meeting. • October 5 th, 2022, Riverside County Emergency Management Department LHMP Steering Committee meeting.
• October 20 th, 2022, Local Hazard Mitigation Planning Risk Assessment Meeting.
2.3 DATES AVAILABLE FOR PUBLIC COMMENT
The City of Indian Wells invited its residents to participate in the update process ; a survey was developed to better understand their concerns regard ing hazards threatening the ir community. To reach the community members, the survey was sent out via social media and a community e-blast, which is the City of Indian Wells’ email distribution. (See Appendix A:6)
The City provided information to the public about the Local Hazard Mitigation Plan through multiple methods to ensure the widest dissemination of information.
The methods that were utilized were:
• Online Hazard Mitigation Survey – 09/29/2022- 11/18/2022 (See Appendix A:6) • City Council Meeting -10/06/2022 (See Appendix A:2)
• City community e-blast- 9/29/2022 and 11/14/2022 (See Appendix A:6) • City community e-blast- 01/12/2023 (See Appendix A:13)
• LHMP draft posted for public comment on the City Website from 01/12/2023- 1/31/2023 (See Appendix A:14)
2.4 PLANS ADOPTED BY RESOLUTION
Upon approval by FEMA, the LHMP will be presented to t he City Council in a public meeting for adoption via an official Resolution.
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SECTION 3.0 - HAZARD IDENTIFICATION AND RISK ASSESSMENT
3.1 NEW HAZARDS OR CHANGES FROM 2018
No new Hazards have occurred since the approval of the 2018 LHMP plan.
3.2 BRIEF STATEMENT OF UNIQUE HAZARDS
The most prominent hazards faced by residents of Indian Wells are Earthquakes, Drought, Flooding, Wildland- Urban Interface Fires, and Severe Weather. A long-term power outage in summer could produce life-threatening extreme heat conditions for residents without access to air conditioning. In addition, the proximity of Interstate 10 and the Union Pacific R ailroad increases the risk of hazardous materials transportation spills or releases during any of these natural disasters listed . The City of Indian Wells could also be impacted by terrorism or bioterrorism that initially targets the Tennis Gardens or Indian Wells Golf Resort and then spreads the impact to surrounding communities.
3.3 IDENTIFICATION OF RISKS AND VULNERABILITIES
The City of Indian Well s is a unique desert community that intends to remain the premier residential/resort city in the Coachella Valley. Only 50% of the total population resides in the City year-round. This is reflected in the fact that approximately 41 percent of the total hou sing units in Indian Wells were utilized for seasonal, recreational, or occasional use only, according to the 20 20 Census. Although t here is a decline in residential population during the summer months, the City continues to operate and prepare as if it is at 100% of the total population due to year-round tourism.
The Land Use/Zoning map shows that full build-out within the current city limits could increase from 4,685 residential units to 6,025 residential units. The City’s population would increase to an estimated 6,025 persons, factoring in a vacancy rate of 0 percent.
Hazard Identification
The Hazard Mitigation Planning Committee (HMPC) conducted a hazard identification study to determine the hazards that threaten the Planning Area. This section details the methodology and results of this effort . Risks and Vulnerabilities for the Jurisdiction were identified by collecting data from our planning committee as well as utilizing The Jurisdiction Vulnerability Worksheet ( See Appendix A -11 & A -12); the community was also involved and was asked to fill out a Hazard survey, which was available online. The following data sources were used for this Hazard Identification portion of the Plan Update:
• Indian Wells General Plan
• Indian Wells Emergency Operations Plan
• 2022 Indian Wells LHMP Survey (See Appendix A-6)
• The Jurisdiction Vulnerability Worksheet (See Appendix A-11 & A-12)
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• 2018 Riverside County MJLHMP
• 2018 City of Indian Wells LHMP
• NOAA Storm Events Database
• FEMA National Risk Index (NRI) Comparison Report
Hazard Screening and Prioritization
Following the identification of hazards, the Planning Team went through a process to prioritize (screen) the hazards to determine which hazards created the most significant concern in the community. The Planning Team utilized a ranking implemented during this update to the City of Indian Wells LHMP. This process consists of generating a qualitative scale, Very High, High, Medium, or Low rating for 1) Probability and 2) Severity from each hazard. As part of this process, the following criteria (definitions) were applied:
❖ Geographic Extent
o Extreme: 50-100 percent of the planning area
o Extensive: 25-5 percent of the Planning area
o Significant: 10-25 percent of the planning area
o Limited: less than 10 percent of the planning area
❖ Probability
o Very Likely : Near 100% chance of it happening. There have been Historic Occurrences of the Hazard in the community or region, and experts concluded it is highly likely that the hazard will occur in the community. Citizens feel that there is a likelihood of occurrence.
o Likely: Between 10 and 100 percent chance of happening in the next year.
There may or may not have been historical occurrences of the hazard in the community or region, but experts concluded that it is likely that the hazard will occur in the community. Citizens feel that there is a likelihood of occurrence.
o Occasional: Between 1 and 10 percent chance of happening within the next year or has a recurrence interval of 11 to 100 years. There may or may not have been a historical occurrence of the hazard in the community or region, but experts concluded that it is possible that the hazard could occur in the community. Citizens may feel that there is a likelihood of occurrence.
o Unlikely: Less than 1 percent chance of happening or has a recurrence interval of greater than every 100 years. There have been no historic occurrences of the hazard in the community or region and both experts and citizens agree that it is highly unlikely that the hazard will occur in the community.
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❖ Severity
o Catastrophic: Both experts and citizens have concluded that the consequences will be significant in terms of building damage and loss of life.
More than 50 percent of Property severely damaged, shutdown of facilities for more than 30 days; and/or multiple deaths.
o Critical: Consequences are thought to be significant in terms of building damage and loss of life. 25-50 percent of property severely damaged; shutdown of facilities for at least two weeks; and/or injuries /illnesses result in permanent disability.
o Limited, but no t insignificant : Consequences are thought to be modest in terms of building damage and loss of life, limited either in geographic extent or magnitude. 10-25 percent of property severely damaged; shutdown of facilities for more than a week; and/or injuries /illnesses treatable do not result in permanent damage.
o Negligible: Consequences are thought to be minimal in terms of building damage and loss of life, limited either in geographic extent or magnitude. Less than 10 percent of the property Severely damaged, shutdown of facilities and services for less than 24 hours; and/or injuries/illnesses treatable with first aid.
❖ Risk
o High: Widespread potential impact
o Medium: Moderate potential impact
o Low: minimal potential impact
The Planning Team identified the following Top hazards, in alphabetical order, for inclusion in the City of Indian Wells LHMP update:
• Drought
• Earthquake
• Flooding
• Extreme Heat
Hazard Geographic Probability of
Future
Occurrence
Magnitude/
Severity
Risk
Cold Wave Extreme Unlikely Limited Low
Drought Limited Occasional Critical Low
Earthquake Extreme Very Likely Catastrophic High
Flood Significant Very Likely Critical High
Heat Wave Significant Very Likely Critical High
Strong Wind Significant Very Likely Critical High
Wildland-
Urban
Interface Fire
Significant Likely Critical High
Wind Significant Very Likely Critical High
Terrorism Significant Likely Limited High
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• Strong Wind
• Terrorism
• Wildland – Urban Interface Fire
Hazard Excluded Reason for Exclusion
Aqueduct The City does not have an aqueduct that could cause flooding or potential inundation. Covered in MJLHMP
Section 5.3.16
Avalanches The City does not have sufficient snowfall to have avalanche as a hazard
Civil Disturbance While civil disturbances occur from time to time, there are other avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.1
Coastal Flooding Due to the distance from the coast, and limited chance of waters reaching the City coastal flooding was excluded from consideration.
Cold Wave There are low numbers of freeze events in the City. Covered in MJLHMP Section 5.3.13.2
Cyber Threats While the potential for cyber threats exists, there are other avenues outside of this Plan Update to address this hazard.
Covered in MJLHMP Section 5.3.6
Hazmat Incidents While hazardous materials releases can occur, there are other avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.22
Hurricane While hurricane can occur along the coast, there have been no instances where it has caused a significant impact on the City.
Insects Pests and
Diseases
While pests and diseases from insects can occur, there have been no instances where it has affected the City. Covered in MJLHMP Section 5.3.18
Nuclear Incident While radiological accidents may occur, there are other avenues outside of this Plan Update to address this hazard.
Covered in MJLHMP Section 5.3.12
Pandemic While the potential for a pandemic exists, there are other avenues outside of this Plan Update to address this hazard.
Covered in MJLHMP Section 5.3.2
Pipeline While hazardous materials releases can occur, there are other avenues outside of this Plan Update to address this hazard. Covered in MJLHMP Section 5.3.20
Tornado While tornados can occur, there have been no instances where it has affected the City. Covered in MJLHMP Section
5.3.17 Transportation While transportation incidents can occur, there are other avenues outside of this Plan Update to address this hazard.
Covered in MJLHMP Section 5.3.14
Volcano Due to the distance from volcanoes, and the limited chance of an eruption, volcano was excluded from consideration.
Winter Weather While winter weather/storms can occur, the associated hazard comes from flooding and will be addressed in that hazard. Covered in MJLHMP Section 5.3.13
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1. Drought
The City of Indian Wells is at Low Risk for Drought. In the Coachella Valley, the water comes from a vast underground aquifer that had been in a state of overdraft since the 1980s. Over time , the Drought risk has significantly decreased due to rain and the mitigation actions taken by the Coachella Valley Water District (CVWD) a nd the Coachella Valley. However, because drought is difficult to define, predict, and monitor, the entire planning area’s population is at risk for Drought.
Likelihood of occurrence: Occasional
Between 1 and 10 percent chance of happening within the next year or has a recurrence interval of 11 to 100 years . With higher air temperatures, water losses could increase across the Coachella Valley Region , leading to increased evaporation in water bodies that would typically allow groundwater recharge. On average, Coachella Valley water users pump nearly three times more water out of the aquife r than is returned by natural and artificial replenishment.
Figure 1 – Indian Wells Drought Hazard
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❖ History:
Figure 1.1 History of Drought in Riverside County
2. Earthquake
Ground shaking due to activity on the San Andreas and San Jacinto fault zones is the principal seismic hazard within Indian Wells . In the event of an earthquake, the location of the epicenter as well as the time of day, could have a profound effect on the potential number of deaths and casualties. An earthqua ke occurring in or near this area could result in property damage, environmental damage, and disruption of normal government and community services and activities. The effects could be exacerbated by collateral damage such as fires, flooding, hazardous materials spills, utility disruptions, landslides, transportation failures, and possible dam failures . The City of Indian Wells is at risk for an Earthquake at any given time. The speed of onset of earthquake is short. Duration of shaking is also short, though aftershocks may continue to occur for a period.
The San Andreas fault zone, which includes the Mission Creek and Banning faults, is located approximately four miles north of the City. Movement along the San Andreas fault is estimated to be about six cen timeters yearly. The maximum probable earthquake for this fault is 7.5-8.0 on the Richter scale.
The San Jacinto fault zone is located about eight miles southwest of the City. Most of the recent earthquakes (since 1912) of moderate to large magnitude have occurred
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along the San Jacinto fault zone. The San Jacinto fault zone is estimated to be able to generate a maximum probable earthquake with a magnitude of 7. 0 -7. 5 on the Richter scale. There are no major faults located within the City boundaries. Howeve r, the City is within Seismic Response Zones.
Likelihood of occurrence: Very Likely
Near 100% chance of it happening every year. Third Uniform California Earthquake Rupture Forecast (UCERF3) concurs with previous studies that consider the Southern San Andreas Fault the most likely to host a large earthquake. Compared to UCERF2, the likelihood of M≥6.7 earthquakes on the San Jacinto Fault decreases three -fold in UCERF3 but is balanced by an eq uivalent increase in likelihood of M≥8 earthquakes on that fault.
Table 1 - Average time between earthquakes in the various regions together with the likelihood of having one or more such earthquakes in the next 30 years (starting from 2014).
Values listed in parentheses indicate the factor by which the rates and likelihoods have increased, or decreased, since the previous model (UCERF2). “Readiness” indicates the factor by which likelihoods are currently elevated, or lower, because of the length of time since the most recent large earthquakes . These values include aftershocks. It is important to note that actual repeat times will exhibit a high degree of variability and will almost never exactly equal the average listed here. (USGS)
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Figure 2 UCERF3: Earthquake Forecast for California’s Complex Fault System
Figure 2.2 – Indian Wells Earthquake Hazard Map (See Appendix A -7) (FEMA Resilience Analysis Planning Tool) (January 1st, 2023 )
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❖ History
Table 2 History of San Jacinto Fault Zone Earthquakes:
Date: Event:
2016 M5.2 Borrego Springs
2005 Mw5.2 Anza
1987 M6.6 Superstition Hills
1968 M6.5 Borrego Mountain
1954 M6.4 San Jacinto
1942 M6.5 Fish Creek Mountains
1937 M6.0 Terwilliger Valley
1923 M6.3 North San Jacinto fault
1918 M6.8 San Jacinto
1899 M6.5 San Jacinto
3. Flood
The desert region is subject to intense storms which result in sudden and substantial runoff and flash flooding. The City of Indian Wells has two major flood control channels.
The Whitewater River and Deep Canyon flood control channels generally run west t o east north of Highway 111 and south of Highway 111, respectively. Heavy rains can lead to problems with storm drainage and create localized flooding.
The standard measure for flooding is the "100 -year flood", a benchmark used by the FEMA to establish a standard of flood control in communities throughout the country.
The 100-year flood is also referred to as the "regulatory" or "base" flood. The term 100 - year flood is often incorrectly used and can be misleading. The correct designation is “the 1% annual chance flood”, meaning there is a 1% chance that a flood of that intensity and elevation will occur in any given year, not that the flood will occur once every hundred years.
Likelihood of occurrence: Very Likely
Near 100% chance of it happening every yea r. The 100-year Flood map of the City of Indian Wells is shown in Figure 2 Below. As defined by FEMA , the darker shades of purple indicate a 1% annual chance of flooding, while lighter shades of purple indicate a
0.2% annual chance of flooding. Climate change acts as an amplifier to flood hazards.
Extreme weather events have become more frequent over the past 40 to 50 years , and this trend is projected to continue. Rising sea levels and shifting weather patterns (temperate, winds) are expected to have a significant impact on rainfall frequency, intensity, and distribution, which in turn will have a significant impact on the frequency of flood occurrences. Additionally, warmer weather patterns increase snowmelt, producing more runoff to the lower elevations.
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Figure 3 – Indian Wells Flood Zone Hazard Map (See Appendix A-9) (FEMA Resilience Analysis Planning Tool (RAPT)) (January 2023)
❖ History
According to the City of Indian Well’s Storm Drain Master Plan, there are several flooding problem areas in the city. These areas are primarily a result of the following:
• Clogged or plugged catch basin inlets due to debris (plastic tr ash bags, grass , and leaves)
• Damaged curbs and gutters where the flow lines have been disrupted due to raised gutters.
Most of the damages that occur due to flash flooding are located along the Whitewater channel that runs through our golf course between El Dorado and Miles Avenue. Some of the other causes of damages are due to undersized retention basins located along Fred Warning, El Dorado, Highway 111 , and streets inside the Indian Wells, El Dorado Reserve, and Vintage Country Club.
Table 3 History of Flood Events
Hazard Year Damages
Winter Storm Flooding January-February 1993 110,000
Winter Storm Flooding February- April 1998 55,000
Flooding & Wind December- February 2010 210, 000
Monsoonal Storm Flooding September 2014 4,000,000
Whitewater Channel Flooding January 2017 300,000
Whitewater Channel Flooding February 2019 4,500,000
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4. Extreme Heat
The City of Indian Wells experiences summer temperatures reaching over 120°F four months of the year and has an average temperature of over 100°F. Heat waves do not strike victims immediately, but rather their cumulative effects slowly take the lives of vulnerable populations. Heat waves do not generally cause damage or elicit the immediate response of floods, fires, earthquakes, or other more “typical” disaster scenarios. While heat waves are obviously less dramatic, they are potentially deadlier.
Likelihood of occurrence: Very Likely
Near 100% chance of it happening every year. In any given year , Indian Wells could experience extreme heat events. Heat emergencies are often slower to develop, taking several days of continuous, oppressive heat before a significant or quantifiable impact is seen. According to information provided by FEMA, extreme heat is defined as temperatures that hover 100 degrees or more above the average high temperature for the region and last for several weeks. Heat kills by taxing th e human body beyond its abilities. In a normal year, about 175 Americans succumb to the demands of summer heat. In the 40-year period from 1936 through 1975, nearly 20,000 people were killed in the United States by the effects of heat and solar radiation. In the heat wave of 1980, more than 1,250 people died. The heat index is a measure of how hot it feels when relative humidity is factored in with the actual air temperature (Figure 3).
❖ History
The City of Indian Wells experiences extreme temperatures on an annual basis. Some of the events require the City to act, including disseminating Public Service Announcements, checking in with vulnerable populations (elderly, homeless), and opening and/or coordinating with others to open cooling centers.
Figure 4 National Weather Service (NWS Heat Index, January 2023)
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Figure 4.1 NWS Mounty Summarized Data for Max Temperature 2018-2023
5. Strong Wind Events
The Coachella Valley sits just east of two major mountain ranges, the San Jacinto Mountains, and the San Gorgonio Mountains. As pressure falls in the Coachella Valley, air starts rushing into the Valley from our coastal regions . The scientific explanation for this phenomenon is known as the Venturi Effect. Coastal winds from the Mediterranean climate speed up as they pass through the gap between the San Jacinto and San Gorgonio Mountains, creating a wind tunnel. As the wind shoots out of the San Gorgonio Pass, it comes out at a faster speed than it arrived a t the entrance of the mountain’s opening. This effect begins in the city of Whitewater and North Palm Springs, and the wind flows all the way through to North Indio. The San Gorgonio Pass is notoriously windy, with strong gusts and sustained high winds being common.
The Coachella Valley is also susceptible to Microbursts; strong, damaging winds strike the ground and often give the impression that a tornado has struck. They frequently occur during intense thunderstorms. An intense microburst can result in d amaging winds near 170 miles per hour and often lasts for less than five minutes. There are two (2) types of microburst windstorms: dry and wet.
The most significant hazard associated with winds is an increased fire danger, but winds can also cause downed trees and power lines and property damage, as well as causing potentially hazardous conditions for travelers, RV’s, semi-trailers, and aircraft.
The combination of high winds and sandy , sparsely vegetated soils , characteristic of desert areas , can also create blow sand hazards. Disturbance of soil crust through human activities such as grading, and alteration of drainage patterns can contribute to an increase in blows and hazards. Blow sand hazards impact human health by creating high levels of airborne particulate matter. blows and reduces visibility and can increase
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the incidence of vehicular accidents. Property damage occurs when blow sand erodes painted surfaces and glass.
Likelihood of occurrence: Very Likely
Near 100% chance of it happening every year. The City of Indian Wells is at risk of wind events at any given time during the calendar year. However, wind events are more prevalent in the autumn and winter months. Wind can have a quick speed on onset, it can be for a short period of time (Gust ) or may have longer durations lasting for a full day.
❖ History
the City of Indian Wells has experienced significant winds events , these events are listed in Figure 4.
Figure 5 History of Max wind speed in the Coachella Valley
The City of Indian Wells has experienced the following Incidents resulting in damages from Windstorms:
Table 5 History of Wind Events
Hazard Year Damages
Wind Events December 2009- January
2010
210,000
Regional Power Outage September 8, 2011 No Damages Reported Hurricane Kay Wind September 2022 25,000
6. Wildland-Urban Interface Fires
The Wildland -Urban Interface (WUI) is the line, area, or zone where structures and other human development meet or intermingle with undeveloped wildland or vegetative fuels. Describes an area within or adjacent to private and public property where
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mitigation actions can prevent damage or loss from wildfire . When wildfires result in disastrous property losses they are referred to as "Wildland -Urban Interface" (WUI) fires, or simply "interface fires." These fires may start as small vegetation fires in cities like Oakland and Los Angeles miles from "wildlands” or be a part of large brush and forest fires. They usually happen on days of especially extreme weather conditions when wildfires threaten so many houses at once that California's vast system of cooperative fire protection is overwhelmed. (OSFM.fire.gov) The City of Indian Wells climate, with its warm and dry summers, contributes to low relative humidity and low fuel moistures. When combined with high fuel loading, the potential for a catastrophic wildfire- urban interface fire event is significant.
Inadequate planning, infrastructure, and construction practices related to fire prevention and mitigation significantly increase the potential for conflagration, fire ignition and spread.
Likelihood of occurrence: Likely
Between 10 and 100 percent chance of happening in the next year. Three (3) weather conditions that may cause the ignition and/or impact the behavior of wildfires are as follows; Thunderstorms and the associated lightning are a significant source of fire starts, and usually occurs mid to late summer . High winds can become steady up to 20 mph and gust up to 30 -40 mph throughout the year but are most likely to exacerbate fires during the months of August through October when dry ve getation conditions are generally present. Hot, dry conditions most commonly occur in August and September .
Fires can have a quick speed of onset, especially during periods of drought. Fires can burn for a short period of time or may have durations lasting for a week or more. Unlike earthquakes and wind, the extent of a wildfire is dependent on fuels, weather, and topography.
Figure 6 City of Indian Wells (2023 View of the Hyatt Regency and city)
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Figure 6.1 Indian Wells Wildfire Risk Map
The California Department of Forestry and Fire Protection’s Fire and Resource Assessment Program (FRAP) map (January 1st, 2023)
Figure 6.2 History of Fires in Indian Wells
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7. Terrorism
Terrorism, as defined by the FBI , is "the unlawful use of force against persons or property to intimidate or coerce a government, the civilian population or any segment thereof, in the furtherance of political or social objectives". The act of terrorism could involve biological agents, nu clear technology, incendiary devices, chemicals, or explosives.
All City businesses and facilities are perceived as soft targets; however, due to the intended purpose of terrorism, it would most likely happen in more populous urban areas where more devastation (and fear) will ensue.
Likelihood of occurrence: Likely
Between 10 and 100 percent chance of happening in the next year. Indian Wells has long been recognized as a world -class vacation and conference destination. The city boasts a variety of renowned special events, including the BNP Paribas Open, Indian Wells Golf Resort, IRONMAN 70.3, Indian Wells Art Festival and Desert Town Hall Indian Wells Lecture Series. What's more, the city's four premier luxury resorts and Indian Wells Golf Resort offer a array of amenities that draw visitors from around the world.
The City of Indian Wells has identified high profile targets for potential attacks:
• The Indian Wells Tennis Gardens can have upto 61,000 people a day in attendance during the Two week BNP Paribas Open Tennis Tournaments.
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Figure 7 Indian Wells Tennis Gardens
• The City of Indian Wells also hosts Ironman 70.3, also known as a Half Ironman, is one of a series of long-distance triathlon races organized by the World Triathlon Corporation (WTC). This race consists of swim, bike, and run segments. The Race starts at Lake Cahuilla in the city of La Quinta,after the bike route the athletes run through a course at the indian wells golf resort and ends at the Indian Wells Tennis Gardens. There are approximently 2- 3000 participating althetes, and an unknown amount of spectators throughout the course.
Figure 7.1 Route for Ironman
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❖ History
There are no significant historical events that have occurred to date.
3.4 VULNERABILITY ASSESSMENT
The City of Indian Wells hazards are identified and profiled, the Planning Team conducted a vulnerability assessment to describe the impact that each priority hazard would have on the City. The vulnerability assessment quantifies, to the extent feasible using best available data, assets at risk to natural hazards and estimates potent ial losses.
3.4.1 INDIAN WELLS VULNERABILITY AND ASSETS AT RISK
This vulnerability assessment followed the methodology described in the FEMA publication Understanding Your Risks—Identifying Hazards and Estimating Losses. The vulnerability assessment first des cribes the total vulnerability of the City and values at risk and then discusses vulnerability by hazard.
The Riverside County Assessor Office’s interactive web map displays a total of 5,702 properties within the City, with a total assessed value of 7.57 billion dollars. These properties are further broken down in six categories. Figure 3.5.1 displays a screenshot of the complete data from the assessor’s office.
Figure 3.4.1. Riverside County Assessors office data (2023)
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3.4.2 CRITICAL FACILITIES AND INFRASTRUCTURES (See Appendix A:12) The location and operations of high -risk facilities, such as critical infrastructure and key assets in or near the city of Indian Wells are a significant concern with respect to a disaster. The Planning team used FEMA’s “Public Assistance Guide” (FEMA 322) which defines critical facilities such as shelters, EOCs, data centers, utility plants , or highly hazardous materials facilities. They also used the FEMA Hazard Mitigation Handbook , which describes three categories of facilities for analysis to revise and update the list.
3.4.3 KEY ASSETS REPLACEMENT VALUES
A subset of the general building stock are key buildings the City will rely on when responding to and recovering from disaster events. Because of the role and importance of these facilities, the City needs to ensure the facilities are maintained and will b e functional during and after disasters. Also, part of these key assets are systems and equipment used to perform certain functions and/or operations. The list of key assets includes but are not limited to: Sheriff Sub Station/Emergency Operations Center , Fire Station, City Hall, Community Centers, Public Works Yard, Maintenance Building, and Mass Care and shelter Sites. A list of key assets can be found below:
Figure 3.4.3 Critical Facility Replacement Value for the City of Indian Wells (CJPIA- PROP prepared by Alliant Insurance Services)
Name of Asset Replacement Value ($)
Hazard
Specific
Info.
City Hall** $5,635,250 Multihazard
Fire Station 55 $1,086,780 Multihazard
Critical Facilities Type Number
Airports 0
Communications Centers 0
Detention Centers 0
City Hall 1
Emergency Operations Center/ Sheriff Sub Station 1
Fire Departments 1
Health Care Facilities 0
Maintenance Yards 2
Senior Community Center 1
Schools (Elementary, Intermediate, and High Schools) 1
Public Utilities—Water/Sewer 0
Total 7
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EOC/ Sheriff Sub Station $556,967 Multihazard
Public Works Yard $932,968 Multihazard
Indian Wells Villas $10,711,117 Multihazard
Indian Wells Golf Resort Club House $29,033,750 Multihazard Indian Wells Golf Resort Maintenance Building 1,314,599 Multihazard
3.4.3 VULNERABILITY TO HAZARDS
The Disaster Mitigation Act regulations require that the HMPC evaluate the risk and vulnerability associated with priority hazards identified in the planning process. This section summarizes the possible impacts and quantifies, where data permits, the City ’s vulnerability to each of the hazards identified in Section 3.0.
• Drought
• Earthquake
• Flooding
• Heatwave
• Strong Wind
• Terrorism
• Wildland – Urban Interface Fire
An estimate of the vulnerability of the City to each identified hazard, in addition to the estimate of likelihood of future occurrence, is provided in each of the hazard -specific sections that follow. Vulnerability is measured in general, qualitative terms and is a summary of the potential impact based on past occurrences, spatial extent, an d damage and casualty potential. It is categorized into the following classifications:
• Low—Minimal potential impact. The occurrence and potential cost of damage to life and property is minimal.
• Medium—Moderate potential impact. This ranking carries a mode rate threat level to the general population and/or built environment. Here the potential damage is more isolated and less costly than a more widespread disaster. • High—Widespread potential impact. This ranking carries a high threat to the general population and/or built environment. The potential for damage is widespread. Hazards in this category may have occurred in the past.
1. Drought Vulnerability Assessment
Likelihood of Future Occurance- Occasional
Vulnerability- Medium
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Hazard Summary: Drought is the absence of precipitation rather than the presence of an event such as a hurricane, tornado, or fire. It's often described as a “creeping phenomenon” because it slowly impacts many sectors of the economy and operates on many different timescales. Just as drought is difficult to define, it’s also difficult to predict and monitor—particularly when marking the beginning and end of a period of drought.
The Planning Team noted that within Riverside County Drought can have secondary impacts. For example, drought is a major determinant of wildfire hazard, in that it creates greater propensity for fire starts and larger, more prolonged conflagrations fueled by excessively dry vegetation, along with reduced water supply for firefighting purposes. Climate change has the potential to make drought events more common in the West, including California. Extreme heat creates conditions more conducive for evaporation of moisture from the ground, thereby increasing the possibility of drought.
Methodology: Figure 1 - California Water Watch map of California shows how this water year’s precipitation compares to what has been observed historically. Figure 1.1 below provides a summary of California’s current statewide precipitation statistics.
California’s new Water Year began Oct. 1, 2023 and ends Sept. 30, 2024 Figure 1 Precipitation Percentage
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Figure 1.1 Precipitation Statistics
Critical Infrastructure at Risk: Although Drought does not directly affect critical infrastructure, its secondary impact would affect the entire Planning Area including all of the critical facilities. Table 3.5.2 and 3.5.3 Identifies the critical facilities within the planning area.
Overall Community Impact: The effects of a Drought are varied and usually based on the duration of the disturbance. Effects may impact the community in the form of water conservation measures mandated by jurisdictions with constrained water availability.
Drought can also cause long-term public health problems, including shortages of drinking water and poor-quality drinking water.
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Description of land uses and development trends: Encourage water-intensive land uses, such as golf courses, to utilize treated effluent for landscaping and irrigation needs. Coordinate with Coachella Valley Water District (CVWD) to monitor citywide water usage on an annual basis and make recommendations to modify or expand water conservation measures to ensure their effectiveness.
2. Earthquake Vulnerability Assessment
Likelihood of Future Occurrence- Very Likely
Vulnerability—High
Hazard Summary: Ground shaking is typically the greatest hazard and major cause of damage. The transmission of earthquake waves can cause buildings to collapse, streets to crack, and utility lines to rupture. Strong ground shaking can also cause damage due to falling obj ects such as bookcases or water heaters, chemical spills, and secondary effects such as fire or explosion. Impacts from earthquake include property damage, critical facility damage, injury, and loss of life.
On any given site, the degree of shaking tends depends on the magnitude of the earthquake, distance to the fault, property of the underlying soils, building design and construction, and building materials. Shaking tends to be strongest on filled soils and in areas where soil depth and moisture content are high.
The Planning Team noted that within Riverside County, there are several earthquake faults, however, the San Andres Fault will be the focus for the assessment. Multiple faults in the County have the capability of greatly affecting the City by causing significant damage and disruption to widespread areas. The City’s buildings and utility systems are generally designed to withstand some disaster damage and function at least at partial capacity. However, major quake -caused structural damage to under/above ground buildings and utilities would have a serious impact on response to and recovery from a major disaster.
Methodology: USGS earthquake sha ke map for a 7.8 magnitude earthquake on the San Andres Fault, Figure 1, was used to establish potential damage.
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Figure 2 USGS earthquake shake map for a 7.8 magnitude earthquake
Critical Infrastructure at Risk: A magnitude 6.7 or greater earthquake would impact the entire Planning Area including all of the critical facilities. Table 3.5.2 and 3.5.3 Identifies the critical facilities within the planning area.
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Overall Community Impact: A Magnitude 6.8 or greater earthquake would be catastrophic to the entire community. There would be large spread damage to housing and community lifelines. The potential road damage would make it difficult for transportation out of the affected areas or f irst responders to access. The aging population and those under the age of five would be the greatest impacted. The Entire population would be at risk.
Description of land uses and development trends: The Planning Team noted that future development of new development should be built to seismic code and even though built to code, these structures could still be at risk from earthquake shaking.
3. Flood Vulnerability Assessment
Likelihood of Future Occurrence—Very Likely
Vulnerability—High
Hazard Summary: The desert region is subject to intense storms which result in sudden and substantial runoff and flash flooding. The City of Indian Wells has two major flood control channels. The Whitewater River and Deep Canyon floo d control channels generally run west to east north of Highway 111 and south of Highway 111, respectively. Heavy rains can lead to problems with storm drainage and create localized flooding. Floods have been a part of the City’s past and will continue to be so in the future. During winter storms, prolonged precipitation can result in flooding causing damage to property and infrastructure. Predominantly, the effects of flooding are generally confined to areas near the drainageways and low -lying areas. As wa terways grow in size from local drainages, so grows the threat of flood and dimensions of the threat. Structures can also be damaged from trees falling as a result of water -saturated soils. Electrical power outages can occur and cause major problems.
The City is working in conjunction with Riverside County Flood Control & Water Conservation District and Coachella Valley Water District to identify to mitigate areas that may cause or have the potential to cause damage or destruction of property.
Heavy rain events can also lead to problems with storm drainage systems and create localized flood problems. According to the City of Indian Well’s Storm Drai n Master Plan, there are several flooding problem areas in the city. These areas are primarily a result of the following: Clogged or plugged catch basin inlets due to debris (plastic trash bags, grass, and leaves) Damaged curbs and gutters where the flow l ines have been disrupted due to raised gutters. Most of the damages that occur due to flash flooding are located along the Whitewater channel that runs through our golf course between El
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Dorado and Miles Avenue. Some of the other causes of damages are due to undersized retention basins located along Fred Warning, El Dorado, Highway 111 , and streets inside the Indian Wells, El Dorado Reserve, and Vintage Country Club.
Methodology: Using the FEMA RAPT GIS tool, the flood zones layer was overlayed with the C ity’s critical facilities point layer to determine those critical infrastructure facilities that could be affected.
Figure 3 RAPT Tool (2023 Flood Zone Layer)
Critical Infrastructure at Risk: The biggest impact to critical infrastructure would be to the roads and transportation corridors in the city. The City Hall, which houses the Public Works Maintenance yard and Fire Station , is in a reduced risk area own that could potentially be affected by a flooding if the levee failed. however, there are criti cal facilities owned and operated by outside agencies that can be affected directly by flooding, they are shown in Figure 2. Table 3.5.2 and 3.5.3 Identifies the critical facilities within the planning area.
Overall Community Impact: The City of Indian Wells has two major flood control channels. The Whitewater River and Deep Canyon flood control channels run west to east north of Highway 111 and south of Highway 11 , Heavy rains can lead to problems with storm drainage and create localized flooding , impacting the transportation capability of the city. The portion of the city below the Whitewater channel relies heavily on the levee, if the levee is compromised it could cause potential displacement and/or
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loss of life. Indian Wells is a unique city wh ere their population can fluctuate from peak residential numbers of 4,500+ during the winter season to half of that number when residents seek cooler locales during the summer months. Additionally, the city’s temporary population can increase due to sports events, i.e., in 2019 the BNP Paribas Open brought over 475,372 visits to the area over two weeks. Due the fluctuating population, it is unknown how many people would be impacted.
Description of land uses and development trends: The City enforces the floodplain ordinance on new development. Future development in the City may be built in the floodplain, in conformance to the standards of the floodplain ordinance.
4. Heat Wave Vulnerability Assessment
Likelihood of Future Occurrence—Very Likely
Vulnerability—Medium
Hazard Summary and Impact on Community: The City experiences summer temperatures reaching over 120°F four months of the year and has an average temperature of over 100°F. Extreme heat may overload demands for electricity to run air conditioners in homes and businesses during prolonged periods of exposure and presents health concerns to individuals outside in the temperatures. Prolonged Heat and low humidity levels can reduc e moisture in vegetation, leading to the increased risk of vegetation/ wildland fires. Extreme heat, when combined with wind, can lead to Public Safety Power Shutdown (PSPS) events in the larger County area that could extend into the Planning Area.
Methodology: Physical Structures will not have significant loss from a Heat Waves and will have limited loss. The Public Health Alliance of Southern California created an index to identify health disadvantage areas within the state. Areas that have a low Healthy Place Index (HPI) would be at greater risk during heat waves. The Map Below is the HPI for the Planning Area. The greatest risk is to the vulnerable populations throughout the Planning Ara and the Planning Committee had no way to define a methodology to calculate loss risk. Heat waves will not have significant impact or damage to the physical structures and there is limited loss risk associated with them.
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Figure 4 Healthy Place Index (HPI)
Critical Infrastructure at Risk: All of the critical infrastructure within the City are at risk from extreme heat, due to potential power outage that be caused by a heat wave.
These critical facilities have backup generator power to ensure continuity of operations.
Table 3.5.2 and 3.5.3 Identifies the critical facilities within the planning area.
Overall Impact on Community: The residents within the Planning Area in the low HPI area would be susceptible to heat waves. The most vulnerable populations would be the unhoused population, infa nts and children under 5, elderly, and those individuals with disabilities. Indian Wells is a unique city where their population can fluctuate from peak residential numbers of 4,500+ during the winter season to half of that number when residents seek coole r locales during the summer months. Additionally, the city’s temporary population can increase due to sports events, i.e., in 2019 the BNP Paribas Open brought over 475,372 visits to the area over two weeks. Due the fluctuating population, it is unknown how many people would be impacted.
Description of land uses and development trends: It is encouraged that future facilities have emergency plans or backup power to address power failure during times of extreme heat and in the event of a PSPS or other interruption in service.
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5. Strong Wind Vulnerability Assessment
Likelihood of Future Occurrence—Very Likely
Vulnerability—Medium
Hazard Summary and Impact on Community: The Coachella Valley sits just east of two major mountain ranges, the San Jacinto Mountains, and the San Gorgonio Mountains. As pressure falls in the Coachella Valley, air starts rushing into the Valley from our coastal regions. The City of Indian Wells is at risk of wind events at any given time during the calendar year. However, wind events are more prevalent in the autumn and winter months.
The Coachella Valley is also susceptible to Microbursts; strong, damaging winds strike the ground and often give the impression that a tornado has struck. They frequently occur during intense thunderstorms. An intense microburst can result in damaging winds near 170 miles per hour and often lasts for less than five minutes.
The most significant hazard associated with winds is an increased fire danger, but winds can also cause downed trees and power lines and property damage, as well as causing potentially hazardous conditions for travelers, RV’s, semi-trailers, and aircraft.
The combination of high winds and sandy, sparsely vegetated soils, characteristic of desert areas, can also create blow sand hazards. Disturbance of soil crust through human activities such as grading, and alteration of drainage patterns can contribute to an increase in blows and hazards. Blow sand hazards impact human health by creating high levels of airborne particulate matter. blows and reduces visibility and can increase the incidence of vehicular accidents. Property damage occurs when blow sand erodes painted surfaces and glass.
Methodology: Winds are categorized by types and each type is associated with wind speeds: breeze (<0 -31mph), gale (32 -65 mph), storm (66 -72 mph), and hurr icane (73- 139> mph). The Beaufort Scale categories winds by wind speed, using Force categories between 0 -12 to measure speed and summarize descriptions . Figure 3.7 shows the Yearly Wind Summary for the Coachella Valley, using the Beaufort numbers .
Throughout the years it is shown that max wind speed numbers get into 8 -10 in the Beaufort scale.
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Figure 5 DesertWeather.com Yearly Wind Summary updated 10/10/23.
Critical Infrastructure at Risk: All the critical infrastructure within the City are at risk from Strong Winds; due to potential power outage , infrastructure damage from downed trees, and p roperty damage can occur when blow sand erodes painted surfaces and glass. In cases of power outages these facilities should have backup generator power to ensure continuity of operations. Table 3.5.2 and 3.5.3 Identifies the critical facilities within the planning area.
Overall Impact on Community: Many of the residents within the Planning Area would be susceptible to strong winds. Downed trees from winds and blow sand could have an impact on the transportation capability of the City . Blow sand can reduce visibility and increase the incidence of vehicular accidents, down trees can block roads, both hazards will impact those that rely on public transportation. Blow sand hazards impact human health by creating high levels of airborne particulate matter. The most vulnerable populations would be the unhoused population, infants, and children under 5, elderly, and tho se individuals with disabilities. Indian Wells is a unique city where their population can fluctuate from peak residential numbers of 4,500+ during the winter season to half of that number when residents seek cooler locales during the summer
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months. Additionally, the city’s temporary population can increase due to sports events, i.e., in 2019 the BNP Paribas Open brought over 475,372 visits to the area over two weeks. Due the fluctuating population, it is unknown how many people would be impacted.
Description of land uses and development trends: Enforce the City standard of inspection and management of hazardous trees. Enforce the City's Municipal Code (Chapter 8.20) Ordinance Number 313 requires that an applicant for a grading or demolition permit must fi rst obtain an approved Fugitive Dust Mitigation Plan. This plan must include all reasonably available control measures so that fugitive dust emissions comply with South Coast Air Quality Management District Rule 403. Control measures at a construction or d emolition site can include the use of soil stabilizers or watering.
Erection of wind fences, covering soil stockpiles, and revegetation of disturbed surfaces’
6. Terrorism
Likelihood of Future Occurrence—Likely
Vulnerability—High
Hazard Summary and Impact on Community: All City businesses and facilities are perceived as soft targets; however, due to the intended purpose of terrorism, it would most likely happen in more populous urban areas where more devastation (and fear) will ensue.
Indian Wells h as long been recognized as a world -class vacation and conference destination. The city boasts a variety of renowned special events, including the BNP Paribas Open, Indian Wells Golf Resort, IRONMAN 70.3 , Indian Wells Art Festival and Desert Town Hall India n Wells Lecture Series. What's more, the city's four premier luxury resorts and Indian Wells Golf Resort offer a array of amenities that draw visitors from around the world.
Methodology: The Global Terrorism Database (GTD) was used as a resource to help visualize the impacts of terrorism on the community as well as infrastructure. The GTD was developed to be a comprehensive, methodologically robust set of longitudinal data on incidents of domestic and international terrorism. Its primary purpose is to enab le researchers and analysts to increase understanding of the phenomenon of terrorism. If government buildings are targeted there could be a major loss in critical facilities.
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Figure 6 Global Terrorism Database (GTD) results for California
Critical Infrastructure at Risk: A large scale Terrorist attack would impact the entire Planning Area including all of the critical facilities . Table 3.5.2 and 3.5.3 Identifies the critical facilities within the planning area.
Overall Impact on Community: Many of the residents within the Planning Area would be susceptible to a Terrorism attack . Transportation capability of the City could be compromised, impact those that rely on public transportati on. Biological Hazards could impact human health. The most vulnerable populations would be the unhoused population, infants and children under 5, elderly, and those individuals with disabilities.
Indian Wells is a unique city where their population can flu ctuate from peak residential numbers of 4,500+ during the winter season to half of that number when residents seek cooler locales during the summer months. Additionally, the city’s temporary population can increase due to sports events, i.e., in 2019 the B NP Paribas Open brought over
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475,372 visits to the area over two weeks. Due the fluctuating population, it is unknown how many people would be impacted.
7. Wildland-Urban Interface Fire
Likelihood of Future Occurrence—Likely
Vulnerability—High
The City of Indian Wells climate, with its warm and dry summers, contributes to low relative humidity and low fuel moistures. When combined with high fuel loading, the potential for a catastrophic wildfire - urban interface fire event is significant. Three (3) weather conditions that may cause the ignition and/or impact the behavior of wildfires are as follows; Thunderstorms and the associated lightning are a significant source of fire starts, and usually occurs mid to late summer. High wi nds can become steady up to 20 mph and gust up to 30 -40 mph throughout the year but are most likely to exacerbate fires during the months of August through October when dry vegetation conditions are generally present. Hot, dry conditions most commonly occu r in August and September.
Fires can have a quick speed of onset, especially during periods of drought.
Methodology: CAL Fire Resource Assessment Program (FRAP) tool indicates that the wildland risk is low for the city, while that may be true for large wil dland areas, it does not consider small and large vegetation areas that are within the city limits . There would be an increased risk in loss of the City’s critical facilities.
Figure 7 Riverside County Fire WUI Map (2015 most recent map)
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Critical Infrastructure at Risk: Any of the City’s critical infrastructures could be impacted by a Wildland Urban interface fire, not only by direct fire, they could also be affected by smoke, poor air quality, or potential power outages.
Overall Impact o n Community: Wildland Urban interface fire would have significant impact on the community due to air quality and potential evacuations . The greatest impact will be to those with breathing issues and limited mobility.
Transportation capability could also be at risk, road closures could lead to evacuation routes being impacted. Those residents that do not have vehicles or do not have access to transportation would be at the highest risk. Indian Wells is a unique city whe re their population can fluctuate from peak residential numbers of 4,500+ during the winter season to half of that number when residents seek cooler locales during the summer months. Additionally, the city’s temporary population can increase due to sports events, i.e., in 2019 the BNP Paribas Open brought over 475,372 visits to the area over two weeks. Due the fluctuating population, it is unknown how many people would be impacted.
SECTION 4.0 – MITIGATION STRATEGIES
The mitigation strategy for the City of Indian Wells is based on informed assumptions, recognizing both mitigation challenges and opportunities, with the ultimate mission of creating a disaster resistant and sustainable community for the future. The mitigation
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strategy is derived from an in -depth understanding of possible deficiencies between potential vulnerabilities and existing capabilities, with the mitigation objectives in mind.
The mitigation strategy builds upon the previous mitigation actions identified by the City of Indian Wells 2017 LHMP and was expanded to consider current needs.
4.1 MITIGATION GOALS AND OBJECTIVES
To better assist with the identification of mitigation measures, mitigation goals and objectives were developed. The mitigation goals and objectives support the City’s mitigation mission to create a disaster-ready, disaster -resilient, and sustainable community while remaining aligned with the Operational Area. The City of Indian Wells is geographically located in a region that can be periodically subject to environmental hazards. The following goals and policies reflect the City's commitment to providing a safe environment for its citizens in the event natural or man-induced hazards occur.
❖ Goal 1
Prevent damage to life and property from natural hazards to the greatest extent possible.
Fire, Air, Flood, and Hazardous Materials Policies
• Objective 1.1- Require new development to conform with the City's Particulate Matter (PM) Ordinance as a condition of issuance of grading permits.
Evaluate the need for permanent control devices in particularly windy areas to be installed before project grading.
• Objective 1.2 -Require construction sites and trucks hauling dirt to and from the areas to comply with the City's PM10 standards.
• Objective 1.3 - Encourage and cooperate with the Coachella Valley Water District to maintain adequate flood flow capacity in the Whit ewater and Deep Canyon flood control channels to prevent area flooding from anticipated maximum flood flows.
• Objective 1.4- Enforce the City's Floodplain Management Ordinance which. cites specific standards applicable to development located within the 100-year floodplain and in flashflood areas to mitigate flood hazards.
• Objective 1.5 - Develop a comprehensive fire plan which forecasts future personnel and equipment needs and requires new development to pay its pro-rata share of costs for fire services.
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• Objective 1.6- Restrict, after appropriate public hearings, the use of fire -prone building materials in areas defined by the Fire Department as presenting high- conflagration risk and require sprinklers to be installed in all new non -single- family residential construction per the Municipal Fire Code.
• Objective 1.7 - Enforce existing Federal, State, and local ordinances regulating the use, manufacture, sale, transport, storage, and disposal of hazardous substances, and continue implementing the Riverside County Hazardous Waste Management Plan.
❖ Goal 2
Prevent damage to life and property resulting from seismic and seismic -induced hazards to the greatest extent possible.
Seismic Policies
• Objective 2.1-Adopt and maintain high standards for the seismic performance of buildings through prompt adoption and careful enforcement of the most current seismic standards of the California Building Code.
• Objective 2.2 Develop a structural hazards reduction program (per Section 8875 of the Government Code) for the upgrading of seismically hazardous buildings.
• Objective 2.3 Require geological and soil engineering studies for developments in or adjacent hillsides to assure safety from potential landslides and rockfalls. • Objective 2.4 - Require development adjacent to hillside areas to minimize the potential hazard of falling rocks through project design.
❖ Goal 3
Provide an effective emergency response in a disaster for lifesaving and the reduction of property damage and enhance emergency preparedness through community education and self-help programs.
Emergency Response and Preparedness Policies
• Objective 3.1 - Encourage emergency preparedness to be the combined responsibility of the city, in conjunction with the County, CVAG, and the State, as well as City residents and the business community.
• Objective 3.2- Cooperate with the County of Riverside and CVAG to update the areawide emergency operations checklist.
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• Objective 3. 3- Cooperate with CVAG and other communities in the Valley to distribute periodic safety publications to inform citizens of available protective services.
• Objective 3. 4- Maintain at least two east -west and two north -south primary (or significant) arterials to ensure adequate emergency evacuation routes in the General Plan Area
4.2 MITIGATION ACTIONS FROM 2017 UPDATE
This section is to provide an update to the City of Indian Wells mitigation actions f rom the 2017 Local Hazard Mitigation Plan, these actions are identified and prioritized the based on the risk assessment. Background information and information on how each action will be implemented and administered, such as ideas for implementation, responsible office, partners, potential funding, est imated cost, and schedule, are included.
1. Indian Wells has high winds, extreme heat and cold, and severe, localized rainstorms. The City utilizes a community -wide email blast and Nixle emergency notification system (ENS) to notify residents in advance of a ny impending severe weather event.
Responsible Office(s): IT Manager
Priority (High, Medium, Low): High
Cost Estimate: 4377.50 / year
Completion Date: 2028
Potential Funding: General Fund/FEMA Pre-Disaster Mitigation grants Benefits (Avoided Losses): With Nixle, the City can send out emergency alerts via voice, SMS, email, and social media to provide residents with real -time emergency updates on severe weather issues.
2. To ensure that all those who live, work, and play in Indian Wells are safe, the city of Indian Wells provides public safety through a community -based approach that focuses on preventing problems and timely response. The City has developed Community Outreach programs to:
• Promote ‘12 steps of emergency Preparedness training for HOAs in the Indian Wells community.
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• Promote community preparedness awareness by providing flyers for Community Emergency Response Team (CERT) training offered by Riverside County Emergency Management Department.
Responsible Office(s): City Manager’s Office
Priority (High, Medium, Low): High
Cost Estimate: Unknown
Completion Date: 2028
Potential Funding: City’s General Fund, Emergency Management Performance Grant (EMPG) administered by Riverside County Emergency Management Department for CERT, Community Development Block Grant, and Homeland Security Grant Program (HSGP)
In May 2021, the City Council approved the budget for Fiscal Year 2022/2023, which included funding for CERT training in the General Fund.
3. The City of Indian Wells is seeking to renovate their current Emergency Operations Center (EOC). The City’s current EOC doubles as a substation with the Riverside County Sheriff’s Department, limiting the space alloca ted for the EOC equipment and staff. The renovation plan would bring the Sheriff Sub Station/ EOC up to code with Building and Seismic standards.
This mitigation goal would be the responsibility of the Public Safety Department and will be reviewed and d iscussed yearly during the City’s budget process. This would be a general fund expense with hopes of obtaining FEMA Pre -Disaster Mitigation grant and the goal would be to have it built in the next 1 to 3 years.
Responsible Office: Public Safety Director
Priority (High, Medium, Low): High
Cost Estimate: $100,000,000
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Potential Funding: General Fund/FEMA Pre-Disaster Mitigation grants
Completion Date: Building Plans for EOC remodel to be completed by 2024.
Benefits (Avoided Losses): This would give the City of Indian Wells the ability to create an EOC that would be more effective during a disaster and training.
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4.3 2023-2028 MITIGATION ACTIONS FOR EACH IDENTIFIED HAZARD Hazard/ Priority Mitigation Action Goal Departments Funding Completion Timeframe
Flood
High
Cooperate with the Coachella Valley Water District to maintain adequate flood flow capacity in the Whitewater and Deep Canyon flood control channels to prevent area flooding from anticipated maximum flood flows.
4A, 1.3 Public Works General Fund
2023-2028
High
Enforce the City's Floodplain Management Ordinance which cites specific standards applicable to development located within the 100-year floodplain and in flashflood areas to mitigate flood hazards. 4A 1.4 Code
Enforcement
General Fund 2023-2028
High
Maintain the two major flood control channels that exist in Indian Wells which confine and direct stormwater runoff. The Whitewater channel runs west to east through the city, north of Highway 111.
This channel carries stormwater runoff which originates in western Coachella Valley. The Deep Canyon flood control channel runs west to east, just south of Fairway Drive and Iroquois Drive, this channel collects runoff from the mountains in the southern part of the City. 4A Public Works Capital
Improvement
Fund
2023-2028
Drought
Medium
Encourage water-intensive land uses, such as golf courses, to utilize treated effluent for landscaping and irrigation needs.
3A Planning General Fund 2023-2028
High
Coordinate with Coachella Valley Water District (CVWD) to monitor citywide water usage on an annual basis and make recommendations to modify or expand water conservation measures to ensure their effectiveness
3A 5.7 Public Works General Fund 2023-2028
Low
Strengthen education programs related to water protection and conservation. Cooperate with CVWD in the development of education materials and programs that encourage and facilitate water conservation throughout the community.
3A 5.8 Management General Fund 2023-2028
Medium
Residential Turf Conservation Project: City Council approved the partnership with Coachella Valley Water District (CVWD) as of October 6, 2022. CVWD rebate programs are designed to assist residential customers who want to reduce their water usage. 3A Planning/
Public Works
General Fund 2022-2024
Earthquake
High
Adopt and maintain high standards for the seismic performance of buildings through prompt adoption and careful enforcement of the most current seismic standards of the Uniform Building Code. IV A2.2 Develop a structural hazards reduction program (per Section 8875 of the Government Code) for the upgrading of seismically hazardous buildings.
4A 2.1 Building and
Safety
General Fund 2023-2028
Medium
Require geological and soil engineering studies for developments in or adjacent to hillsides to assure safety from potential landslides and/or rockfalls. Require development adjacent to hillside areas to minimize the potential hazard of falling rocks through project design. 4A 2.3 Engineering General Fund 2023-2028
Medium
The State of California has established stringent seismic standards for buildings. These standards are contained in the State's Building Code. Indian Wells requires compliance with the State's Building Code for all development projects.
4A Building and
Safety
General Fund 2023-2028
Strong Wind
High
Enforce the City standard of inspection and management of hazardous trees. The City Annually maintains and identifies high risk trees.
4A Public Works General Fund 2023-2028
Medium
The City's Municipal Code (Chapter 8.20) Ordinance Number 313 requires that an applicant for a grading or demolition permit must first obtain an approved Fugitive Dust Mitigation Plan. This plan must include all reasonably available control measures so that fugitive dust emissions comply with South Coast Air Quality Management District Rule 403. Control measures at a construction or demolition site can include the use of soil stabilizers or watering. Erection of wind fences, covering soil stockpiles, and revegetation of disturbed surfaces’
4A Code
Enforcement/
Public Works
General Fund 2023-2028
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Extreme Heat
Medium
Community Action Partnership (CAP) of Riverside County has Cooling centers placed throughout the County. La Quinta Wellness Center, 78450 Ave La Fonda La Quinta 92253 and Palm Desert Community Center 43-900 San Pablo Ave Palm Desert 92260 have been identified as the closet center for Indian Wells Residents.
2B Management General Fund 2018- 2028
High Educate employees, businesses, and residents about the dangers of extreme heat and the steps they can take to protect themselves when extreme temperatures occur. 4A Management General Fund 2023-2028
Fire
High
All proposed construction shall meet minimum standards for fire safety as defined in the City’s Building or Fire codes based on building type, design, occupancy, and use. 4A Code
Enforcement/
Building and
Safety
General Fund 2023-2028
Medium
Continue to work with Riverside County to provide comprehensive planning and future fire protection services.
4A Public Works/
Planning
General Fund 2023-2028
High
Ensuring Fire flow (water pressure and volume available at hydrants) is adequate, as determined by the Riverside County Fire Department (RCFD). The RCFD requires 3,000 gallons per minute (GPM) for commercial and 1,500 GPM for residential peak water flows 4A Public Works General Fund 2023-2028
Medium
Restrict, after appropriate public hearings, the use of fire-prone building materials in areas defined by the Fire Department as presenting high-conflagration risk and require sprinklers to be installed in all new non-single-family residential construction per the Municipal Fire Code. 4A 1.6 Code
Enforcement/
Building and
Safety
General Fund 2023-2028
Terrorism
High Coordinate with the County, surrounding local cities, and the regional Fusion Center; acquire equipment, supplies, and other material as needed to support role. 4A Management General Fund 2023-2028
High Develop and maintain Emergency Circulation (Traffic) Plan(s); acquire the necessary equipment to support implementation (Mass Evacuation Plan)
4A Management/
Planning
General Fund 2023-2028
All Hazard
High Develop a post-disaster recovery plan to facilitate decision-making following a hazard event. Management General Fund 2023-2028
High
Continue to implement multi-hazard public awareness through the CERT program and 12 steps of emergency preparedness presentations.
4A 3.1 Management General Fund 2023-2028
High
Maintain at least two east-west and two north-south primary (or major) arterials to ensure adequate emergency evacuation routes in the General Plan Area (see Appendix A-10). 4A 3.5 Planning General Fund 2023-2028
High EOC Upgrade- The city of Indian Wells is in the process of Upgrading its EOC to building code standards. Council approved a 2-year CIP to upgrade our Emergency Operations Center. FY 23-24 - $100,000 for design work
4A Management/
Planning/
Public Works
General Fund 2023-2024
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4.4 MITIGATION PROJECTS
Table 4.4.1 Mitigation Projects 2023-2028
Future/planned
Mitigation Projects
Flood Mitigation Funding/ Cost Estimate
Whitewater Storm Channel
During the storm events of February
2019, the Whitewater Storm Channel
experienced considerable flooding
that damaged the West Drop
Structure near Eldorado Drive. The
approved design restores the flow of
water through the channel to prevent
future flooding.
This project will receive partial
reimbursement from FEMA.
Channel Lining Project
Three vacant lots located along
Highway 111 near Miles Avenue are
too narrow to be effectively
developed. The City is working with
Developers to add buildable area by
relocating a portion of the southern
bank of the Whitewater River
Channel. The project, currently in
design, moves the channel bank
northerly to create the additional
buildable area. The consequence of
this change requires the banks of the
Whitewater River Channel to be
protected against erosion. This project
is in the design phase.
Hwy 111 Drainage
Will alleviate flooding occurring near
Mountain View Villas
This project is budgeted under the 316
Capital Improvement Fund.
East Drop Structure Repair
During the storm events of February
2019, the Whitewater Storm Channel
experienced considerable flooding
that damaged the East Drop Structure
located behind the Renaissance hotel.
Design is underway for FY 21-22, and
we anticipate construction in FY 23
This project will receive partial
reimbursement from FEMA.
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Table 4.4.2 Completed Mitigation Projects from 2017 LHMP Completed Mitigation Projects Flood Mitigation
Manitou Basin
project constructed a debris basin to capture “bulk” during a rainstorm. Bulk is the solid debris carried by storm water and this material blocks roadways and storm drains. The purpose of the project was to capture the bulk materials to give the storm drain system a better oppo rtunity to function properly. Capturing the bulk material during a storm also keeps the street passable for emergency vehicles or evacuation if needed. The project cost over $1,000,000 and was completed in 2021.
Dry Well project
Dry Well project – a dry well uses percolation into the groundwater as a method of dealing with nuisance water
typically caused by over irrigation to landscaping. The system is problematic because it gets clogged with sand and silt and needs to be removed and replaced. The City removed the dry well located north of Highway 111 at Rancho Palmeras and replaced the system with an overland drainage course.
Eventually this new drainage pattern delivers flood water to the Whitewater River Channel. This project is completed.
SECTION 5.0 – COMMUNITY RATING SYSTEM
5.1 REPETITIVE LOSS PROPERTIES
The city of Indian Wells does not have any repetitive or severe loss of properties.
5.2 NATIONAL FLOOD INSURANCE PROPERTIES
The City of Indian Wells is a member of the Federal Emergency Managem ent Agency (FEMA) Flood Insurance Program , and property owners within the City are eligible to purchase flood insurance from FEMA . The City is also a part of the National Flood Insurance Program (NFIP) Community Rating System (CRS)
SECTION 6.0 - CAPABILITIES ASSESSMENT
The purpose of this section is to capture the different resources available to the City of Indian Wells in support of mitigation. To efficiently demonstrate these resources, this section has been organized by: Mitigation Governance Resources; Technical Resources; and Fiscal Resources. The city regularly assesses and evaluates the effectiveness of its governa nce and incorporates changes to help meet the intended goal.
6.1 REGULATORY MITIGATION CAPABILITIES
There are a variety of governance that are directly related to or influence mitigation efforts. This governance falls under: 1) Laws, Regulations, Codes, and O rdinances; 2)
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Plans, Studies, and Reports. The City will continue to ensure that necessary regulations are put in place relating to building codes, ordinances, and state and federal requirements.
Table 6.1.1 Regulatory Mitigation Governance Capabilities Regulatory Tool
Active
Yes/No/N/A
Comments/ Ability to Support
Mitigation
General plan Yes Indian Wells Comprehensive General Plan was adopted February 1996, as amended.
The General Plan supports hazard
mitigation. Specifically, policies that ensure
that the City of Indian Wells minimizes the
effect and damage of any possible natural or
man-made disasters are summarized in
Chapter IV: Community Safety. This chapter
also outlines the policies of coordinating with
other local authorities in ensuring hazard
mitigation by preparedness and
communication.
Emergency Operations Plan Yes The City Adopted an all-hazards plan describing how the City will organize and
respond to incidents. It is based on and is
compatible with the laws, regulations, plans,
and policies listed above. The Emergency
Operations Plan (EOP) also addresses the
integration and coordination of resources
and activities with other Governmental
Agencies, Special Districts, and private-
sector partners. This plan also includes the
City’s Continuity of Operations.
Zoning Ordinance Yes Indian Wells Adopted Amended Zoning Code Ordinance on July 2022; Title 21.
Mitigation actions that are not outlined in the
ordinance can be incorporated into the
Zoning ordinance by the community
development director or designee with
Planning Commission, City Council, and
public approval.
Subdivision ordinance Yes Indian Wells Adopted Indian Wells Ordinances; Title 20; Chapter 20.04, 20.12,
20.16, 20.20, 20.24, 20.28, 20.32, 20.36,
20.40, 20.44, 20.48, 20.50, 20.52, 20.56,
20.60, 20.64, 20.68, 20.72, 20.76, 20.80.
Mitigation actions that are not outlined in the
ordinance can be incorporated into the
Subdivision ordinance by the community
development director or designee with
Planning Commission, City Council, and
public approval.
Site plan review requirements Yes Title 21; Chapter 21.60
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Growth management ordinance No
Floodplain ordinance Yes Title 16; Chapter 16.36
Other special purpose
ordinances (stormwater, water
conservation, wildfire)
Yes Title 9 Peace, Safety and Morals; Title 8
Health and Sanitation; Title 22 Resources
Management; Chapter 22.04
Building code Yes Title 16, Building and Construction, enforce all State of California Building Codes.
Fire department ISO rating Yes Rating 3/ 3x
Erosion or sediment control
program
No Title 8; Chapter 8.24
Stormwater management
program
Yes Storm Drain Master Plan
Capital improvements plan Yes Five-year plan updated bi-annually, incorporating hazard mitigation by including
construction or upgrades of City
infrastructure and facilities.
Economic development plan Yes The city of Indian Wells Economic development plan can incorporate hazard
mitigation related to new business attraction
and business growth in the City.
Local emergency operations
plan
In Progress The Emergency operations plan can be
revised on an ongoing basis to include
hazard mitigation through training and
preparedness.
Other special plans N/A
Flood Insurance Study or other
engineering study for streams
Yes Federal Emergency Management Agency
(FEMA) Flood Insurance Rate Maps.
6.2 ADMINISTRATIVE/TECHNICAL MITIGATION CAPABILITIES
The City of Indian Wells has many proficiencies and expertise that can be leveraged in support of mitigation efforts. In addition to public safety and fire suppression capabilities, the City has access to staff with skills in Engineering/Construction, Planning, Environmental, Risk Management, Project/Grant Management, Economic Development, Debris Removal, and Emergency Management . As with many jurisdictions, the City of Indian Wells has been increasing its technology capabilities. This includes providing secure platforms to store and access information, means of ensuring continuity of government, cyber security, and general technical support.
Table 6 .2.1 is a list of City Departments that can have a role in activities related to hazard mitigation.
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Figure 6.2.1 – City of Indian Wells Administrative/Technical Mitigation Capabilities Personnel Resources
Active
Yes/No
Department/
Position
Ability to Support Mitigation
Planner/engineer with
knowledge of land
development/land
management practices
Yes Planning
Department/
Planner and
Public Works
/City Engineer
Community Development
Director and Public Works
Director can make
recommendations and draft
updates to incorporate hazard
mitigation related to new or
existing land development into
City Code and City activities.
Engineer/professional trained
in construction practices
related to buildings and
infrastructure
Yes Public Works
/City Engineer
and Building
Department/
Building
Official
The City Engineer and Building
Official can make amendments or
suggestions for the
implementation or revision of
hazard mitigation pertaining to
building and infrastructure
construction.
Planner/engineer/scientist
with an understanding of
natural hazards
Yes Public Works
/City Engineer
and Building
Department/
Building
Official
The City Engineer or Building
Official can improve current and
future practices to better mitigate
the effects of natural disasters
Personnel skilled in GIS. Yes Planning
Department/P
lanner and
Public Works/
Manager
Planning and Public Works have
skilled GIS staff who can
implement technological solutions
to hazard mitigation, such as
tools for increased awareness of
potential local hazards.
The full-time building official Yes Building
Department/
Building
Official
The Building Official can bring
mitigation activities pertaining to
the structural safety of buildings
to the City’s attention.
Floodplain manager Yes Public Works/
City Engineer
The Public Works Department
can implement hazard mitigation
pertaining to floodplain
management, such as updating
the Floodplain ordinance.
Emergency manager Yes City
Manager/Part
-time
Emergency
Management
Coordinator
The Emergency manager can
support all City departments with
continuous mitigation
preparedness and
implementation. The emergency
manager can also provide City
staff and residents with
emergency preparedness training
and information.
Other personnel No
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GIS Data—Land use Yes Riverside
County /
RCIT-GIS
Riverside County Information
Technology (RCIT) Geographic
Information Systems (GIS)
database is designed to provide
info for more robust, safer, and
healthier communities.
GIS Datalinks to Assessor’s
data
Yes Riverside
County /
RCIT-GIS
https://gis1.countyofriverside.us/
Html5Viewer/index.html?viewer=
MMC_Public
Warning systems/services
(Reverse 9-11, outdoor
warning signals)
Yes Fire
Department,
Emergency
Management
Department.
The Fire department and
emergency management
department can cooperate to
update emergency processes
and ensure interoperability in
times of crisis.
6.3 FISCAL MITIGATION CAPABILITIES
The financial resources of the City of Indian Wells are allocated to and accounted for in various funds based upon the purposes for which the funds are to be spent and the means by which spending activities are controlled. The City will continue to Identif y additional funding opportunities that can be expanded upon for mitigation. In previous years, hazard mitigation grants have not been utilized to complete any projects that have been identified by the hazard mitigation planning team.
Table 6.3.1 identifies financial tools or resources that the City could potentially use to help fund mitigation activities.
Table 6.3.1 City of Indian Wells Fiscal Mitigation Capabilities Financial Resources
Accessible/
Eligible
to Use
(Yes/No) Comments
Community Development Block
Grants
Yes
Capital improvements project
funding
Yes
Authority to levy taxes for specific
purposes
Yes With voter approval
Fees for water, sewer, gas, or
electric services
No
Impact fees for new development Yes
Incur debt through general obligation
bonds
Yes With voter approval
Incur debt through special tax bonds Yes With voter approval Incur debt through private activities No
Withhold spending in hazard-prone
areas
N/A
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Other: General Fund Emergency
Reserve
Yes With Council Approval
6.4 MITIGATION EDUCATION/ OUTREACH AND PARTNERSHIPS
Table 4.4.1 lists the City of Indian Wells public outreach capabilities. These capabilities include programs such as hazard awareness campaigns, public information, or communications offices. Education and outreach capabilities can be used to inform the public on current and potential mitigation activities.
Table 6.4.1 Mitigation Education/ Outreach and Partnerships Name Description (Effect on Hazard Mitigation) Lead Organization CERT The City of Indian Wells trains residents
in emergency preparedness and hazard
mitigation through Community Emergency
Response Team (CERT) classes that are
available to residents twice a year.
City of Indian Wells and
Riverside County
Emergency Management
Department (EMD)
12 Steps of
Emergency
Preparedness
The city of Indian Wells offers 12 Steps of
Emergency Preparedness presentation to
the residents of Indian wells, this
presentation promotes preparedness and
Hazard mitigation.
City of Indian Wells
The Great Shakeout The City Participates in the annual Great Shakeout Exercise
City of Indian Wells
HOA Radio Program The City of Indian Wells encourages
HOAs/ Residents to participate in the
Radio Program, this promotes
communication between the EOC and
residents during a disaster.
City of Indian Wells and
RACES
County
Emergency/Disaster
Readiness App
the City promotes the Riverside County
readiness app (RivCo Ready). It is a great
tool for the community to use in
preparation for all major disaster types.
Riverside county EMD
City Website Emergency Management Site hosts
information on earthquake preparedness,
heat risk, warming/cooling centers, floods,
and fires.
City of Indian Wells
Nixle emergency
notification system
notify residents in advance of any
impending severe weather event and/or
incident within the city.
City of Indian Wells
RACES The City of Indian Wells partners with
Radio Amateur Civil Emergency Service
(RACES), they are Licensed Radio
Amateur Operators who are authorized to
transmit during declared emergencies.
RACES and Riverside
County EMD
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6.5 EXPANSION OF AND IMPROVEMENT ON MITIGATION CAPABILITIES
The ability to expand current mitigation capabilities will generally be reliant upon the budgeting allocated for each department/program for that fiscal year. The level at which these programs may or may not be expanded upon, will be dependent upon the amount of funding received.
There are a multitude of methods and processes that a jurisdiction may use to improve upon current capabilities to mitigate emergencies or disasters. The City of Indian Wells has identified the below to support this thought process.
❖ Regulatory/ Governance: The City of Indian Wells should actively identify, adopt, and enforce the most current set of development codes and standards available. Strongly encouraging new development to be constr ucted to higher standards than currently required, increasing resilience within the community.
❖ Administrative/ Technical: The City of Indian Wells possesses a high level of administrative and technical capability that will be utilized to implement the actions identified in this plan. This existing capability will be maintained by the City and expanded as necessary to address the expansion of new programs or change in the scope of existing programs.
❖ Fiscal: During annual budgeting processes, the City should identify new funding sources (bonds, grants, assessment districts, etc.) that can be used to support the enhancement of existing capabilities.
❖ Outreach: Fostering new relationships to bring underrepresented populations and partners to the hazard mitigation planning process. Expand current capability through an increase in the number of events participated in and presentations conducted to the community thr ough integration with HOAs and civic organizations. Promote preparedness through increased use of social media and the creation of an emergency management section to the City application.
6.6 MITIGATION FUNDING OPPORTUNITIES CAPABILITIES
• Measure A – Measure A is generated by a Riverside County one -half percent sales tax approved by the voters in 1989. This money is used to maintain and construct local streets and roads.
• Development Impact Funds – The City of Indian Wells charges fees for development-related activities such as infrastructure and public facilities. • Air Quality Management District - Revenues received resulting from Assembly Bill 2766, which imposed an additional registration fee on motor vehicles. These revenues are used to reduce air pollution from motor vehicles.
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• Grants – The City of Indian Wells receives various grant funds from various local, state, and federal agencies. These grants include funding for various programs such as recycling and public safety.
• FEMA- FEMA Grant: The City is either in application for or has received funding from FEMA for flood repairs and/or flood damage prevention. To date, the City has received commitment from FEMA for $3,415,000 for flood damage mitigation projects.
• Community Development Bloc k Grant - Revenues received from the Department of Housing and Urban Development. These revenues must be expended to accomplish the elimination of blight or to benefit low- and moderate- income persons by providing loans or grants for various programs. • Local Law Enforcement Services Fund - Also known as the Citizens Option for Public Safety (COPS) grant, funding is provided for the purpose of front-line law enforcement services that are not already funded by Indian Wells • Landscape/Lighting Maintenance District - Revenue collected through special assessments levied to benefitting property owners to cover the cost of associated with providing landscape and lighting maintenance.
• Gas Tax – Revenue received from a tax imposed on the sale of gas. Gas Tax funds are the most flexible transportation-related funding source. Gas Tax funds are used for various transportation purposes , including street-related projects, construction, or maintenance.
• Transportation Uniform Mitigation Fee – a multi-jurisdiction fee program that ensures that new development pays its fair share for the increased traffic that it creates. Under the TUMF, Western Riverside County is divided into five zones.
The TUMF is structured s o that 48.7% of funds generated in each zone go back to that zone to be programmed for projects.
The City of Indian Wells has the same funding opportunities as Riverside County Operational Area.
SECTION 7.0 - INCORPORATION INTO EXISTING PLANNING MECHANISMS The City of Indian Wells has adopted the 2018 Local Hazard Mitigation Plan as the Safety Element of the City’s General Plan.
The City has a Safety Element in its General Plan that discusses fire, earthquake, flooding, and landslide hazards. This plan was adopted as an implementation appendix to the Safety Element. The City of Indian Wells uses the below programs to identify gaps that may lead to disaster vulnerabilities to work on ways to address these risks through mitigation:
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• The City’s General Plan adopted on February 1, 1996
• Title 21 Land Zoning and Use Planning.
• Title 16 Building and Construction
• Adopted all County Building Codes
• Emergency Operations Plan (EOP)
The City of Indian Wells conducts regular meetings to update the City’s Municipal Code to keep current with new Federal and State regulations. This includes novel circumstances and potential hazards discovered in the normal course of City activities, including annual trainings and exercises. Additionally, the city works with both neighboring cities and county departments to keep abreast of new or continued vulnerabilities.
City staff brings draft ordinances to any relevant Commissions, then to the City Council for consideration and public input. Council and public-approved changes and ordinances that have passed the necessary readings are codified into the City’s Municipal Code.
SECTION 8.0 - PLAN IMPLEMENTATION AND MAINTENANCE PROCESS The City of Indian Wells will monitor and evaluate our LHMP every year over the next five years. The planning team will review the LHMP and assess the following:
• The goals, objectives, and address current and expected conditions. • If the nature, magnitude, and type of risks have changed, we will update the plan as necessary.
• Current resources for implementing the plan and exploring new resources. • Implementation problems include technical, political, legal, or coordination issues with other agencies.
• The outcomes to ensure they align with the expected result; if not, we will modify the plan.
• Changes in Federal, State, and local ordinances ; if laws and regulations have changed, we will make changes to reflect current regulations.
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• Involve the public by posting notices on websites and announcements during public meetings , intent to review and update the Local Hazard Mitigation Plan allowing for public comment and input.
If we discover changes have occurred during the evaluation, we will u pdate the LHMP Revision Page and notify Riverside County EMD to update our Annex.
The Riverside County Emergency Management Department will coordinate the monitoring, evaluation, and update of the LHMP.
SECTION 9.0 - CONTINUED PUBLIC INVOLVEMENT
The City of Indian Wells will continue to include the public in reviewing and providing annual comments through Public Hearings at the Planning Commission, Public Safety Commission, and City Council meetings.
• Social Media (Facebook and Twitter): The Indian Wells residents rely heavily on the internet and social networking sites for information and community -building.
The city will utilize Facebook and Twitter to reach out and notify citizens of updates and changes to the plan.
• Resident E-Blast and the City’s Indian Wells Fast Fact • Website: The city of Indian Wells website is a tool that is maintained and up to date with information sharing and updates regarding City business.
For public concern and inquiry , the residents are encouraged to use this email address: [email protected].
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APPENDIX A – PUBLIC NOTICES AND MAPS
• Appendix A-1: County of Riverside Operational Area Multi-Jurisdictional Hazard Mitigation Planning letter of Commitment.
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• Appendix A-2: LHMP update presentation for City council and Indian Wells residents.
City Council Meeting Agenda from October 6, 2022 (see attached)
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• Appendix A-3 Local Hazard Mitigation Plan Update Meeting agenda and sign in sheet from October 12, 2022 (See Attached)
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• Appendix A-4: Public Safety Committee Meeting Agenda from October 20, 2022, Emergency Services and LHMP update (see attached)
• Appendix A-5: Local Hazard Mitigation Plan Update Meeting agenda and sign in sheet from December 13, 2022 (See Attached)
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• Appendix A-6: Website Outreach screenshot (see attached)
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1,107 starts with 326 submits. Submission rate was 29.45%
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• Appendix A-7: Regional Faults Indian Wells Map
• Appendix A-8: Seismic Response Zones Indian Wells Map
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• Appendix A-9: Flood Zone Indian Wells Map
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• Appendix A-10: Emergency Evacuation Routes Indian Wells Map
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• Appendix A-11: Jurisdiction Vulnerability Worksheet (Table 1C)
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• Appendix A-12: HAZARD IDENTIFICATION QUESTIONAIRE (TABLE 1A)
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• Appendix A-13: LHMP Draft Open for Public Comment e-blast
• Appendix A-14: LHMP Draft Open for Public Comment City website.
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RESOLUTION NO. 2024-__
A R
ESOLUTION OF THE CITY COUNCIL OF THE CITY OF INDIAN WELLS,
CALIFORNIA, ADOPTING THE CITY OF INDIAN WELLS LOCAL HAZARD
MITIGATION PLAN ANNEX FROM THE RIVERSIDE COUNTY
OPERATIONAL AREA MULTI -JURISDICTIONAL LOCAL HAZARD
MITIGATION PLAN AS REQUIRED BY THE FEDERAL DISASTER
MITIGATION AND COST REDUCTION ACT OF 2000
WH
EREAS, President William J. Clinton signed H.R. 707, the Disaster Mitigation and Cost Reduction Act of 2000, into law on October 30, 2000; and WH
EREAS, the Disaster Mitigation Act of 2000 requires all jurisdictions to be covered by a Local Hazard Mitigation Plan to be eligible for Federal Emergency Management Agency post - disaster funds; and
WH
EREAS, the City of Indian Wells (the “City”) has committed to participate in the development of the Riverside County Operational Area Multi-Jurisdictional Local Hazard Mitigation Plan; and
WH
EREAS, the City coordinated the development of the City of Indian Wells Local Hazard Mitigation Plan Annex; and
WH
EREAS, the City is concerned about mitigating potential losses from natural disasters before they occur, and
WH
EREAS, the plan identifies potential hazards, potential loses and potential mitigation measures to limit loses, and
WH
EREAS, the California Governor’s Office of Emergency Services has reviewed the plan on behalf of the Federal Emergency Management Agency; and WH
EREAS, formal adoption of the plan by the City Council is required before final approval of the plan can be obtained from the Federal Emergency Management Agency; and WH
EREAS, the City has determined that it would be in the best interest of Indian Wells to adopt the Local Hazard Mitigation Plan Annex.
NO
W, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL HEREBY ADOPTS the Local Hazard Mitigation Plan Annex to meet the requirements of the Disaster Mitigation and Cost Reduction Act of 2000; and directs the City to forward the Local Hazard Mitigation Plan Annex to the Riverside County Fire Department – Office of Emergency Services, the California Governor’s Office of Emergency Services and to the Federal Emergency Management Agency on behalf of the City of Indian Wells for final approval.
ATTACHMENT #2
City of Indian Wells
Resolution No. 2024-__
PASSED, APPROVED AND ADOPTED by the City Council of the City of Indian Wells, California, at a regular meeting held on this 15 day of February 2023.
_________________________________
GREG SANDERS
MAYOR
CERTIFICATION FOR RESOLUTION NO. 2024-__
I, Angelica Avila, City Clerk of the City Council of the City of Indian Wells, California, DO HEREBY CERTIFY that City Council is comprised of five (5) members; that the above and foregoing Resolution was duly and regularly passed and adopted at a regular meeting of the City Council of the City of Indian Wells on the 15th day of February 2024, by the following vote:
AYES:
NOES:
ATTEST: APPROVED AS TO FORM:
___________________________________ _________________________________
ANGELICA AVILA TODD LEISHMAN
CITY CLERK CITY ATTORNEY
INDIAN WELLS CITY COUNCIL
February 15, 2024
To: City Council
From: Finance Department
Prepared by: Kevin McCarthy, Finance Director
Subject: Readoption of the City’s Investment Policy
RECOMMENDED ACTIONS:
Council RE-ADOPTS the City’s Investment Policy as presented; and
FINDS the project to be exempt from the provisions of the California Environmental Quality Act (CEQA) pursuant to Section 15060.
SUMMARY:
After conducting a comprehensive and detailed analysis, the City Treasurer recommends that no modifications or alterations be made to the existing policy. The examination encompassed a careful assessment of the po licy's effectiveness, financial implications, and overall alignment with the City's objectives.
The conclusion reached is groun ded in a detailed understan ding of the policy's impact and its continued suitability for meeting the financial and operational needs of the City.
Therefore, it is advised that the current policy remains unchanged as it continues to align with the city's fiscal goals and regulatory requirements.
BACKGROUND:
In accordance with the Government Code, the City Council is responsible for conducting an annual revie w and reaffirmation of the City's investment policy. This essential practice ensures that the City 's financial strategies and policies remain aligned with current regulations, economic conditions, and the community's best interests . The City Council demonstrates its commitment to prudent fiscal management and safeguarding public funds through this diligent annual assessment.
The City Treasurer plays a cru cial role in managing all City Funds, ensuring compliance with California Government Code Sections 5360 0 et seq. and 53635 et seq.
Furthermore, investment practices are guided by the prudent person rul e (Civil Code Sect. 2261, e t seq.). The City Treasurer is responsible for overseeing the custody, deposit, and investment of public funds and securities, aligning these actions with the principles of sound treasury management, relevant laws, ordinances, an d the established investment policy.
DISCUSSION:
The City Treasurer annually reviews each policy section to ensure unwavering compliance with the State cod e. This meticulous process fosters transparency in qualified investments and aligns them with Stat e law, policies, and City C ouncil standards.
As a proactive measure to mitigate risks, city -owned securities are securely held by a third-party bank trust department. Acting as the City's agent under a custody agreement, this trust department ensures the safeguarding of securities, settling trades on a delivery vs. payment (DVP) basis through the City's designated safekeeping agent.
An independent annual audit is conducted to verify the investment holdings of securities in the City's custody.
The City, unwavering in its commitment to due diligence and best practices, submits its investment policy for certification by the California Municipal Treasurer’s Association (CMTA). Adherence to this certification program underscores the City's dedication to upholding due diligence and best practices.
FISCAL IMPACT:
Monthly Treasurer Reports are diligently prepared to showcase compliance with the investment policy, are open for public review, and are subject to City Council approval.
Additionally, the City's inve stments and investment poli cy undergo external auditor review as part of the audit process. Access to Treasurer Reports and the investment policy is available online at http://www.cityofindianwells.org/cityhall/depts/finance.
CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA):
This action has b een reviewed per the authority and criteria contained in the California Environmental Quality Act (CEQA), the State and local CEQA Guidelines, and the City's environmental regulations. The City, acting as the Lead Agency , determined that the ordinance is not subject to CEQA pursuant to Sections 15060(c)(2), 15060(c)(3), and 15061(b)(3) of the State CEQA Guidelines, because it will not result in a direct or
reasonably foreseeable indirect phys ical change to the environment as there is no possibility that the action would result in a significant environmental impact, and because it does not constitute a “project” as defined in Section 15378 of the State CEQA Guidelines, California Code of Regulations, Title 14, Chapter 3.
ATTACHMENTS:
1. Indian Wells Statement of Investment Policy
City of Indian Wells
Statement of
Investment Policy
Adopted February 15, 2024
ATTACHMENT #1
City of Indian Wells
Statement of Investment Policy
Page | 1
Table of Contents
Investment Policy Certification ....................................................................................................... 2
Policy 1.0 ............................................................................................................................... 3
Scope 2.0 ............................................................................................................................... 3
Fiscal Prudence 3.0 .......................................................................................................................... 4
Objective 4.0 ............................................................................................................................... 5
Delegation of Authority 5.0 ............................................................................................................. 6
Ethics and Conflicts of Interests 6.0 ................................................................................................. 6
Authorized Financial Dealers and Institutions 7.0 ........................................................................... 7
Safekeeping and Custody 8.0 ........................................................................................................... 7
Investment Diversification and Percentage Limitations 9.0 ............................................................ 8
Authorized and Suitable Investments 10.0 ...................................................................................... 9
Prohibited Investments 11.0 .......................................................................................................... 10
Review of Investment Portfolio 12.0 ............................................................................................. 10
Investment Pools/ Money Market Funds 13.0 .............................................................................. 10
Collateralization 14.0 .................................................................................................................... 11
Maximum Maturities 15.0 ............................................................................................................. 11
Internal Control 16.0 ...................................................................................................................... 12
Maturity Structure 17.0 ................................................................................................................. 12
Performance Standards 18.0 ......................................................................................................... 12
Reporting 19.0 ............................................................................................................................. 12
Investment Policy Adoption 20.0 ................................................................................................... 13
Glossary of Investment Terms ....................................................................................................... 14
City of Indian Wells
Statement of Investment Policy
Page | 2
Investment Policy Certification
City of Indian Wells
Statement of Investment Policy
Page | 3
1.0 Policy
It is the policy of the City of Indian Wells to invest public funds in a manner that will provide the maximum security of the City’s capital while meeting its daily cash flow demands . The policy conforms to all stat e and local st atutes governing the investment of public funds; and beyond that to maximize return within an acceptable and defined level of risk . T he City’s policy is to deposit and invest public funds in a manner that shall provide the following:
• Safety of principal
• Liquidity to meet all City obligations and requirements that may be reasonably anticipated
• A risk-based market rate of return
This policy intends to provide guidelines for the prudent investment of the City's cash in all Funds and outline the policies fo r maximizing the efficiency of the City's cash management system.
2.0 Scope
This Investment policy applies to all financial assets of the City of Indian Wells . These funds are accounted for in the City’s Comprehensive Annual Financial Report and include the following:
• The General Fund
• Special Revenue Funds
• Debt Service Funds
• Capital Project Funds
• Agency Funds
Included in these funds are the following Component Units of the City of Indian Wells; and, accordingly, are encompassed by this investment policy:
• The City of Indian Wells Successor Agency
• The City of Indian Wells Housing Authority
• The City of Indian Wells’ Fire Access Maintenance District • The City of Indian Wells Lighting and Landscaping District(s) • The City of Indian Wells Assessment District(s)
City of Indian Wells
Statement of Investment Policy
Page | 4
The City’s Investment Policy does not apply to the following:
• Funds held in trust in the City’s name in pension or other post -retirement benefit programs;
• Cash and Investments held instead of retention by banks or other financial institutions for construction projects;
• Short or long -term loans made to other entities by the City; and Short term (Due to/from) or long -term (Advances from/to) obligations made between the City and its funds.
Investment of Bond Proceeds
California Code Section 5922 (d) governs the investment of bond proceeds and reserve funds in accordance with bond indenture provisions.
• Arbitrage Requirement - The US Tax Reform Act of 1986 requires the City to perform arbitrage calculations as required and r eturn excess ea rnings to t he US Treasury from investments of proceeds of bond issues sold after the effective date of this law. These arbitrage calculations may be contracted with an outside source to provide technical assistance to comply w ith this regula tion. Inve stable funds subject to the 1986 Tax Reform Act will be kept segregated from other funds , and records will be held to facilitate the calculations.
The City’s investment position relative to the new arbitrage restri ctions is to con tinue pursuing the maximum yield on ap plicable investments while ensuring the safety of capital and liquidity.
It is the City's position to continue maximization of yield and to rebate excess earnings, if necessary.
3.0 Fiscal Prudence
When investing, r einvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the general economic con ditions and the anticipated needs of the City, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like c haracter and with like aims, to safeguard the principal and maintain the liquidity needs of the City.
Investments shall be made with judgment and care, under the circumstances then prevailing, which persons of prudence, direction, and intelligence exercise in the management of their affairs, not for speculation, but for investment, consi dering the probable safe ty of their capital as well as the probable income to be derived.
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At the time of purchase, the City intends to hold all investments until maturity to ensure the return of all invested principal. However, staff anticipates that market prices of se curities purchased will vary depending on economic conditions, interest rate fluctuations, or individual security credit factors . Such temporary variations in market value will inevitably result in measurable gains or losses at any specific time.
The City Treasurer is assigned to manage the investment portfolio, acting within the intent and scope of the investment policy and exercising due diligence . The City Treasurer shall be relieved of personal responsibility a nd liability for an individual security’s credit risk or market price changes, provided deviations from expectations are reported promptly and appropriate action is taken to control adverse developments.
4.0 Objective
The principal factors of S afety, Cred it R isk, Market Rate Risk, Liquidity , and Return on Investment shall be considered, in the specific order listed, when making investment decisions.
1. Safety of Principal – The principal's safety is the investment program's foremost objective. Accordingly, investments in the City of Indian Wells seek to ensure capital preservation in the overall portfolio . Thus, the City will mitigate credit and interest rate risks to obtain this objective.
2. Credit Risk - Credit risk is the risk of loss d ue to the security issue’s failure. Credit risk will be mitigated by:
a. Limiting investments to the safest types of securities. b. By pre-qualifying the financial institutions with which it will do business. c. By diversifying the investment portfolio so that potential losses on individual securities do not unduly harm the City’s capital base and cash flow.
3. Market Rate Risk - Market Risk, defined as market value fluctuations due to overall changes in interest rates , shall be mitigated by limiting t he average maturity of the investment portfolio to less than five years, with a maximum maturity of any on e security of 10 years. In addition, the portfolio shall be structured based on liquidity needs to avoid the need to sell securities before maturity.
4. Liquidity - The investm ent portfo lio will remain liquid to meet all operating requirements, which might be reasonably anticipated . This is accomplished by striving to have securities mature while cash is needed to meet anticipated demands (static liquidity). Additio nally, sinc e all possible cash demands cannot be anticipated, the portfolio should consist m ainly of securities with active secondary or resale markets (dynamic liquidity).
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5. Return on Investment - The investment portfolio shall be designed to attain a market rate of return throughout budge tary and economic cycles, consi dering the City’s investment risk constraints and the cash flow characteristics of the portfolio. Return on Investment is of secondary importance compared t o the safet y and liquidity objectives described above . Accordingly, investments are limited to rela tively minimal risk securities, as herein defined, in anticipation of earning a fair return relative to the risk assumed. While it occasionally may be necessary or strat egically prudent of the City to sell a security before maturity to meet unanticipated c ash needs or to restructure the portfolio, this policy prohibits explicitly trading securities to speculate on the future direction of interest rates.
5.0 Delegation of Authority
Authority to manage t he investment program is derive d from California Government Code Section 53600, et seq.; the City’s Municipal Code; and City Council’s Policy Manual.
Responsibilities of the Finance Department
The Finance Department is responsible for maintaining custody of all public funds and securities belonging to or under the control of the City and for the deposit and investment of those funds in accordance with the principles of sound treasury ma nagement, applicable laws, and ordinances, and this investment policy.
Responsibilities of the City Treasurer
The City Treasurer is responsible for investing all City Funds in accordance with the California Government Code, Sections 53600 et se q. and 53635 et seq. In addition, i nvestment practices shall conform to the prudent man rule (Civil Code Sect. 2261, et seq.).
The City Treasurer shall establish procedures for operating the investment program consistent with this policy. Procedures should reference safekeeping, repurchase agree ments, wire transfer agreements, collat eral/depository agreements , and banking service contracts . Such procedures sh all include explicit delegation of authority to the people responsible for investment transactions. The City Treasurer shall be responsible for all transactions undertaken and establish a system of controls to regulate the activ ities of subordinate officials . No person may engage in an investment transaction except as pro vided under the terms of this policy and the procedures established by the City Treasurer.
6.0 Ethics and Conflicts of Interests
Elected officials and employees involved in the investm ent process shall refrain from personal business activity that co uld conflic t with the proper ex ecution of the investment program or impair their ability to make impartial decisions.
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Employees and Elected officials shall disclose to the City Manager any material interests in financial institutions that conduc t business with the City of Indian Wells. They shall further disclose any pr ominent personal financial/investment posit ions that could be related to the performance of the City’s portfolio . Employees and Elected officials shall subordinate their investment transactions to those of th e City of Indian Wells , particularly about the time of purchases and sales.
7.0 Authorized Financial Dealers and Institutions
Authorized Financial Dealers and Institutions defined under California Government Code Section 53601.5 shall be allowed to cond uct business with the City . Authorized Financial Dealers and Institutions defined under Ca lifornia Government Code Section 53601.5 shall be defined as an institution licensed by the State of California as a broker -dealer, as defin ed in Section 25004 of the California Corporations Code, or a member of a federally regulated securities exchange , a national or state -chartered bank, a savings association or federal association or a brokerage firm designated as a primary gover nment deale r by the Federal Reserve Bank.
The City Treasurer will maintain a list of financial institutions authorized to pro vide investment services conforming to the California Government Code Section 536 01.5. These may include “primary” dealers or regional dealers that qualify under Securities & Exchange Commission Rule 15C3-1 (uniform net Capital rule). No public deposit sh all be made except in a qualified public depository established by state laws.
All financial institutions and broker/dealers who desire to become qualifi ed bidde rs for investment transactions must supply the Cit y Treasurer with the following: audited financial statements, proof of National Association of Security Dealers certificatio n, proof of State of California registration, and certification of having read the City’s investment policy. In addition, a current (for the fiscal year most recently ended) audited financial statement must be on file for each financial institution and broker/dealer in which the City invests.
8.0 Safekeeping and Custody
To protec t agains t fraud, embezzlement , or losses caused by the c ollapse of an individual securities dealer, all securities owned by the City shall be held in safekeeping by a third-party bank trust department acting as an agent for the City under the terms of a custody agreement.
All trades a dealer executes will set tle delivery vs. payment (DVP) through the City’s safekeeping agent.
Securities held in custody for the City shall be independently audited annually to verify investment hol dings. The only exce ption to the preceding shall be depository accounts and securities purchases made with LAIF, time cer tificates of deposit, and money market mutual funds since the purchased securities are not deliverable.
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9.0 Investment Diversification and Percentage Limitations
Investments shall be diversified among institutions, types of securities , and maturities to maximize safety and yield with changing market conditions . The City Treasurer will diversify investments by investment ty pe and institution in accord ance with the limitations of the authorized investments.
Diversification
• No more than 70% of the C ity’s total investment portfolio will be invested in a single security type or with a single financial institution, quantified at the time of purchase. • The City Treasurer shall take great care not to e xceed the maximum 70% diversification limit; however, due to normal fluctuations in the amount of cash held in Local Agency Investment Funds ( LAIF) or other short-term investments, the City ma y at times temporarily exceed the maximum 70% diversification limit.
Percentage Limitations
• The City Treasurer shall not exceed the maximum investment percentage of the portfolio by investment type at the time of purchase of the security . Due to frequent fluctuations in cash held in LAIF or oth er short-term investments, the City may sometimes temporally ex ceed the portfolio's maximum investment percentage by investment type. The City Treasurer shall not be required to sell any investment type to maintain the maximum investment percentage of the portfolio by investment type limit.
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10. Authorized and Suitable Investments
Investments of City funds are governed by the California Governme nt Code Sections 53600 et seq, as amended from time to time.
Investment Type Maximum Maturity
Maximum
Percentage
of Portfolio
Maximum par
value per name
Credit/Minimum Quality Requirements
US Treasury Bills,
Bonds, and Notes
Five years – See
Maximum Maturity
requirements
0-70% None Full faith and credit of the United States
Government
Federal Agency
Securities
Five years – See
Maximum Maturity
requirements
0-70% None Implied guarantee of the US Government.
Federal Agency Securities have an AA+
rating.
Local Agency Bonds Five years – See
Maximum Maturity
requirements
0-30% $5,000,000 Shall be rated in a rating category of “A” or its equivalent or better by a nationally
recognized rating service such as S&P or
Moodys.
State of California
Obligations
Five years – See
Maximum Maturity
requirements
0-30% $5,000,000 Shall be rated in a rating category of “A” or its equivalent or better by a nationally
recognized rating service such as S&P or
Moodys.
CA Local Agency
Obligations
Five years – See
Maximum Maturity
requirements
0-30% $5,000,000 Shall be rated in a rating category of “A” or its equivalent or better by a nationally
recognized rating service such as S&P or
Moodys.
Money Market Funds N/A 0-20% 10% per single
issue
Multiple requirements, including the
highest ranking by two nationally
recognized rating agencies, must have a
fund advisor registered with the SEC, have
more than $500 million under
management, etc.
Certificates of Deposit
– Private Placement
Certificate of Deposit
Account Registry
Service (CDARS),
Negotiable Certificates
of Deposit, Non-
negotiable Certificates
of Deposit
Five years 0-30% $250,000 per
Issuer
Federal Deposit Insurance Corporation
(FDIC) Insured limited to $250,000 per
issuer.
Repurchase
Agreements
30 days 0-10% $2,000,000 Signed Security Loan Agreement in the file. Reverse Repurchase Agreements are
specifically not authorized under this
investment policy.
Local Agency
Investment Fund
N/A 0-70% $30,000,000
(per entity)
Investment of funds in the California LAIF,
which allows the State Treasurer to invest
through the Pooled Money Investment
Account
Medium-term
Corporate Bonds
Five years 0-30% 3,000,000 up to
5% per Issuer
Shall be rated in a rating category of “A”
or its equivalent or better by a nationally
recognized rating service such as S&P or
Moodys.
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11.0 Prohibited Investments
Under California Government Code Section 5360 1.6, as amended from time to time, the City shall not invest any funds in inverse floaters, range notes, or interest -only strips derived from a pool of mortgages. In addition, the City shall not invest funds in any security that could result in zero interest accrual if held to maturity.
12.0 Review of Investment Portfolio
The City’s securities must comply with Authorized and Suitable Investments at the time of purchase. In addition, the City Treasurer shall establish procedures to report to the C ity Council major and critical noncompliance incidents identified through the portfolio review.
13.0 Investment Pools/ Money Market Funds
The City may invest in the Local Agency Investment Fund (LAIF), a special fund in the California State Treasury created and go verned pursuant to Gover nment Code Sections 16429.1 et seq.
LAIF limits investments to $ 75 million per account from anyone public agency by State law; however, the City’s investment policy limits investments to $30 million per account.
The California Gove rnment Code states that money placed for deposit in LAIF is in trust in the custody of the State Treasurer and cannot be borrowed or withheld from the City. Further, the right to withdraw deposited money from the LAIF upon demand may not be altered, imp aired, or denied by any state official or agency based upon the State’s failure to adopt a budget by July 1 of each new fiscal year.
A thorough investigation of a pool/fund i s required before investing, a nd continually . This investigation aims to determine the suitability of a pool or fund and evaluate the risk of placing funds with that pool or fund.
The investigation will, at a minimum, obtain the following:
• A d escription of eligible investment s ecurities and a wri tten statem ent of investment policy and objectives.
• A de scription of interest calculations , how they are distributed, and how gains and losses are treated.
• A description of ho w the securities are safeg uarded (including the settlement processes), how often the securities are priced, and the program is audited. • A description of who may invest in the program, how often, and what size deposit and withdrawal are allowed.
• A schedule for receiving statements and portfolio listings. • A description of how the pool/fund maintains reserves, retained earnings, etc. , or is all income after expenses distributed to participants.
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• A fee schedule that discloses when and how fees are assessed. • The eligibility of the pool/fund to i nvest in bond proceeds and a descri ption of its practices.
Money market mutual funds must be registered w ith the Securities and Exchange Commission and comply with rule 2a7 of the Investment Company Act o f 1940. In addition, the dollar- weighted average maturity of the portfolio shall be less tha n ninety (90) days, and the portfolio is managed to maintain a one-dollar ($1.00) share price.
The fund shall meet either of the following criteria:
• Attained the highest ranking or the highe st letter and numerical ra ting provided by not less than two Nationally Recognized Statistical-Rating Organizations • Retained an investment adviser registered or exempt from registration with the Securities and Exchange Commission with not less than five years of experience managing m oney market mutual funds with asse ts under management of more than five hundred million dollars ($500,000,000).
14.0 Collateralization
Collateralization will be required on Repurchase Agreements.
• Repurchase Agreements - To anticipate m arket changes and pro vide security for all funds, the collateralization level for repurchase agreements will be 1 02% of the market value of principal and accrued interest. The collateral cannot be mortgage -backed securities.
15.0 Maximum Maturities
The City of India n Wells will attempt to match its i nvestments with antici pated cas h flow requirements. Therefore, to the extent possible, t he City Treasurer shall maintain investments in the portfolio equal to two years of current General Fund o perating reserves maturing at no more than five (5) years from the date of purchase.
Once thi s requirement is met, a maximum of 30% of the portfolio may be invested for more than five (5) years but not to exceed ten (10) year s consisting of those investm ents listed in Government Code Section 53601 where there is no l imitation specified th erein reg arding the term or remaining maturity of the instrument. Investments more significant than five (5) years from the date of purchase shall be brought to the City Council for review and approval before purchase. In addition, reserve funds from Bo nd proceeds may be inv ested in se curities exceeding five (5) years if the maturity of such investments is made to coincide as practicable with the expected use of funds.
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16.0 Internal Control
The City Treasurer is responsible for establishing and maintai ning an internal contr ol structure designed to ensure that the assets of the City are protected from loss, theft, or misuse . The internal control structure is designed to provide reasonable, but not absolute, assurance that these objectives are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived, and (2) the val uation of costs and benefits requires estimates a nd ju dgments by management . Accordingly, the City Treasurer shall establish an annual independent review process by an external auditor . This review will provide internal control by assuring compliance with policies and procedures.
17.0 Maturity Structure
The weighted average maturity of the pooled portfolio shall be, at most, four years. In addition to t he four-year maturity average, the portfolio shall be structured for liquidity purposes to maintain $5,000,000 of invested funds maturing within 360 days.
18.0 Performance Standards
The investment portfolio shall be managed in accordan ce with the parameters specified within this policy and always within consistently safe and prudent treasury management procedures.
Market Yield (Benchmark)
The Cit y’s o verall investment strategy is passive: Investments are generally held to maturity.
The City p ortfolio shall be compared to a benchmark to determine whether market yields are being achieved. The LAIF apportionment rate and the two -year U.S. Treasury Note shall be considered useful benchmarks of the City’s portfolio performance.
Marking to Market
The market value of the portfolio shall be calculated monthly. This will ensure that a review of the investment portfolio, in terms of value and price volati lity, is performed. In defining market value, consideration shall be given to pronouncemen ts from the Gov ernment Accounting Standards Board (GASB) that address the reporting of investment assets and income for all investment portfolios held by governmental entities. The fair value of all securities reported in the City’s portfolio is based on currently quoted market prices.
19.0 Reporting
The City Treasurer shall prepare a monthly Treasurer’s Report that provides a clear picture of the status of the c urrent investments. The Treasurer’s Report allows the City Manager and Council to ascertain wh ether investment activities have deviated from the City’s investment
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policy during the reporting period. Th e monthly Treasurer’s Report will include the City, Fiscal Agent, and Bond Proceeds portfolio(s).
In Section 53646 of the Stat e Government Code , the City Treasurer may submit a Treasurer’s Report to the City Council at least quarterly, within 30 days following quarter- end. However, due to the City’s limited summer public meeting schedule and the an nual financial audit preparation, the 30-day reporting requirement may be challenging for the June and September quarters. Therefore, the City Treasurer shall submit an initial report of the Treasurer’s Report to the City Counci l for review within the 30 -day limit, followed by a final report submitted to the City Council when finalized.
The following information shall be required in each monthly investment portfolio report:
• A listing of individual securities held at the end of the reporting period. • Percentage of Portfolio by Investment Type
• Investments Stated Rate and Book Value
• Unrealized gains or losses resulting from appreciation depreciation by listing secu rities’ cost and market value over one year in duration.
• Average rate of return on City’s investments
• Maturity aging by type of investment
• Market value of securities
• A statement of compliance with the inv estment policy or an explanation for non - compliance
• A statement of the City’s ability to meet its pool’s expenditure requirements for the next six months and explain why sufficient money will not be available if that is the case.
20.0 Investment Policy Adoption
The City of Indian Wells Investment Polic y shall be adopted by minute order of the City Council of the City of Indian Wells . The Policy shall be reviewed annually by the City Council , and the City Council must approve any modifications made to it.
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APPENDIX “A”
GLOSSARY OF INVESTMENT TERMS
AGENCY: A debt security is sued by a federal or federally sponsored agency . Federal agencies are back ed by the full faith and credi t of the U.S. Government ( i.e., Government N ational Mortgage Association). Federally sponsored agencies ( FSA) are backed by each agency with a market perception that there is an implicit government guarantee ( i.e., Federal National Mortgage Association).
ASKED PRICE: The price at whi ch se curities are offered for sale, also known as the offering price.
BENCHMARK: A comparative base for measuring the perf ormance or risk tolerance of the investment portfolio. A model should represent a close corre lation between the level of risk and the average duration of the portfolio’s investments.
BID PRICE: The price offered by a buyer of securities. (When you are se lling securities, you ask for a bid.)
BOND PROCEEDS: The money paid to the issuer by the purchaser or underwriter of a new issue of munic ipal securities. This money is used to finance the project or purpose for which the securities were issued and to pay certain issuance costs as may be provided in the bond contract.
BOOK VALUE: The value at wh ich debt security is shown on the hol der's balance sheet. Book value is often acquisition cost plus/minus amortization and accreti on, which may differ significantly from the security’s current value in the market.
BROKER: Someone who bri ngs buyers and s ellers together and is compensated fo r their service.
CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a certificate. Large-denomination CDs are typically negotiable.
COLLATERAL: Securities, e vidence of a deposit, or other property that a borrower pledges to secure loan repayment . Also, it refers to securities pledged by a bank to secure deposits o f public monies.
CREDIT QUALITY: The measurement of the financial strength of a bond issuer . Thi s measurement helps an inves tor to understand an issuer's ability to make timely interest payments and repay the loan principal upon maturity . The higher the credit quality of a bo nd issuer, the lower the interest rate the issuer pays because the risk of default i s lower . A Nationally Recognized Statistical-Rating Organization provides credit quality ratings.
CREDIT RISK: The risk to an investor that an issue r will defau lt in the payment of interest and principal on security.
CUSTODIAN: A bank or othe r financial instit ution that ke eps custody of stoc k certificates and other assets.
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CURRENT YIELD (CURRENT RETURN): A yield calculation determined by dividing the annual interest received on a security by the current market price of that security.
DEALER: Instead of a broker, a dealer acts as a principal i n all transactions by buying and selling for their account.
DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities: delivery versus payment and delivery versus receipt. Deli very versus payment is the delivery of securities with an exchange of money for the securities. Delivery versus receipt is the delivery of security in exchange for a signed receipt.
DERIVATIVES: (1) financial instruments whos e return profile is linked to, or derived from, the movement of one or more underlying indexes or security and may include a leveraging factor, or (2) financial contracts based upon notional amounts whos e value is derived from an underlying index or security (interest rates, foreign exchange rates, equities, or commodities).
DIVERSIFICATION: Dividing investment funds among various security types by sector, maturity, and quality ratings to offer independent returns.
DURATION: A measure of the timing of t he cash flows, such as the inte rest payments and the principal repayment, to be received from a given fixed -income security . This calculation is based on three variables: term to maturity, coupon rate, and yield to maturity. The duration of security is a valuable indicator of its price volatility for given changes in interest rates.
FAIR VALUE: The amount at which an investment could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.
FEDERAL CREDIT AGENCIES: Federal government agencies are set up to supply credit to various institutions and individual s, e.g., S&Ls , small -business firms, students, farmers, farm co- operatives, and exporters.
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) : A federal age ncy insures bank deposits up to $250,000 per deposit.
FEDERAL HOME LOA N BANKS (FHLB): Government-sponsored wholesale banks (currently 12 regional bank s) that lend funds and provide correspondent bank services to member commercial banks, thrift institutions, credit unions, and insurance companies.
FEDERAL NATION AL MORTGAGE ASSOCIATION (FNMA): FNMA is a federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgag e funds i n the United Sta tes. Fannie Mae, as the c orporation is called, is a private stockholder- owned corporation. The corporation’s purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages.
FEDERAL OPE N MARKET COMMITTEE (FOMC) : Consists of s even membe rs of the Fe deral Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of the New York Federal Reserve Bank is a permanent member, while the other Pres idents serve on a rotating basis. The Committe e periodically meets to se t Federal Re serve guidelines regarding
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purchases and sales of Government Securities in the o pen market to influence bank credit and money volume.
FEDERAL RESERVE SYSTEM: The United States central bank was created by Congress, consisting of a seven-member Board of Governors in Washington, D.C., twelve Regional Banks , and about 5,700 commercial banks.
FINANCIAL INDUSTRY REGULATORY AUTHORITY (FINRA): A self-regulatory organization (SRO) governing business between brokers, dealers, and the investing public.
GOVERNMENT ACCOUNTING STANDARDS BOARD (GASB): A standard -setting body associated with the Financial Accounting Foundation prescribes s tandard accounting p ractices fo r governmental units.
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA or Ginnie Mae): Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage bankers, commercial banks, savi ngs and loan asso ciations, and other institutions. Securi ty holder is protected by full faith and credit of the U.S. Government— the FHA, VA, or FMHA mortgages back Ginny Mae securities. The term “pass-throughs” is often used to describe Ginnie Maes.
GOVERNMENT SECURITIES: An obligation of the U.S. g overnment, backed by the full faith and credit of the government. These sec urities are regarded as the highest quality investment securities in the U.S. securities market. See "Treasury Bills, Notes, and Bonds." INTEREST RATE RISK: The risk associated with declines or rises in interest rates , which cause an investment in fixed-income security to increase or decrease in value.
INTERNAL CONTROLS: An internal control structure designed to protect the entity’s assets from loss, theft, or misuse . The internal control structure is designed to ensure these objectives are met reasonably. The concept of reasonable assuran ce recognizes that 1) the cost of a control should not exceed t he benefits likely to be derived and 2) the valuation of costs and benefits requires estimates and judgments by manage ment. Internal controls should address the following points:
Control of collusion - Collusion is when two or more employees work together to defraud their employer.
Separation of transaction authority from accounting and record keeping - A separation of duties is achieved by separating the person who authorizes or perfo rms the transaction from those who record or otherwise account for the transaction. Custodial safekeeping - Securities purchased fro m any bank or dealer , including appropriate collateral (as defined by state law) , shall be placed with an independent third party for custodial safekeeping.
Avoidance of phy sical delivery securities - Book-entry securities are much easier to transfer and account for since the actual delivery of a document never takes place .
Delivered securities must be adequately safeguarded again st loss or destruction. The potential for fraud and loss increases with physically delivered securities.
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Clear delegation of authority to subordina te staff members - To avoid improper actions, they must clearly understand their authority and responsibilities . Clear delegation of authority also preserves the internal control structure contingent on the various staff positions and responsibilities.
Written confirmation of trans actions for investments a nd wire transfers - Due to the potential for error and improprieties arising from telephone and electronic transactions, all transactions should be supporte d by written communicatio ns and approved by the appropriate person. Written communications may be via fax if on letterhead and if the safekeeping institution has a list of authorized signatures. Development of a wire transfer agreement with the lead bank and third- party custodian - The designated officer should ensure that an agreement will be entered into and address the controls, security provisions, and responsibilities of each party making and receiving wire transfers.
LIQUIDITY: A liquid asset can be converted quickly and rapidly into ca sh without a substantial loss of value. In the money market, a security is said to be liquid if the spread between the bid and asked prices is narrow, and a reasonable size can be done at those quotes.
LOCAL AGENCY INVESTMENT FUND (LAIF): Chap ter 730, Statutes of 1976 of the State of California, established the Local Agency Investment Fund. This fund enables local governmental agencies to remit money not required for immediate needs to t he State City Treasurer for investment. To derive th e ma ximum rate of return possible , the State City Treas urer has elected to i nvest these monies w ith State monies as a part of the Pooled Money Investment Account. Each local governmental unit has the exclusive determination of the length of time its money will be on deposit with the State City Treasurer. At the end of each calendar quarter, all earnings derived from investments are distributed by the State Controller to the participating government agencies in proportion to each agency's respective amount s deposited in the Fund and the l ength of time such amo unts remained t herein. Before the distribution, the State's costs of administering the program are deducted from the earnings.
MARK-TO-MARKET: The process whereby a security's book value or collateral value is adjusted to reflect its current market value.
MARKET RISK: The risk that the v alue of a security will rise or decline because of changes in market conditions.
MARKET VALUE: The current price at which a security is trading could be purchased or sold at that point.
MASTER REPURCH ASE AGREE MENT: A wri tten contract coveri ng all future transactions between the parties to repurchase -reverse repurchase agreements t hat establish each party’s rights. A master agreement will often specify, among other things, the right of the buyer-lender to liquidate the underlying securities in the event of default by the seller-borrower.
MATURITY: The date upon which a financial obligation's principal or stated value is due and payable.
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MONEY MARKET MUTUAL FUND: Mutual funds that invest solely in money market instruments (short-term debt instruments, such as Treasury bills, commercial paper, bankers' accept ances, repos, and federal funds).
MUTUAL FUND: An investment company that pools money and c an invest in various securities, including fixed-income securities and money market instruments . Mutual funds are regulated by the Investment Company Act of 1 940 and must abide by Securities and Exchange Commission (SEC) disclosure guidelines.
NATIONALLY RECOGNIZED STATISTIC AL-RATING ORGANIZATI ON (N RSRO): Standard and Poor’s, Moody’s, and Fitch Financial Services are examples of such organizations.
OFFER: An indicated price at which market participants are willing to sell a security or commodity. Also referred to as the "Ask price."
PAR VALUE: The amount of principal that must be paid at maturity , also referred to as the face amount of a bond, typically quoted in $1,000 increments per bond.
PORTFOLIO: The combined holding of more th an one stock, bond, commodity , real estate investment, cash equ ivalent, or asset. The purpose of a portfolio is to reduce risk by diversification.
PRINCIPAL: The face value o r par value of a debt instrument or the amount of capital invested in a given security.
PRIMARY DEALER: A group of government securit ies dealers who submit daily market activity reports and monthly financial statements to the Federal Reserve Bank of N ew York and are subject to its informal oversight. Primary dealers include Securities and Exchange Comm ission (SEC) registered securities broker/dealers, banks, and a few unregulated firms.
PRINCIPAL: (1) The debt instrument's face amount or par value . (2) One who acts as a dealer buying and selling for his account.
RATE OF RETURN: The yield obtaina ble on a security base d on its purchase price or current market price. This may be the amortized yield to maturity on a bond or the recent income return.
REINVESTMENT RISK: The risk that a fixed- income investor will be u nable to reinvest income proceeds from a s ecurity ho lding at the same rate of r eturn curr ently generated by that holding.
REPURCHASE AGREEMENT (RP OR REPO): A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a specified date. In effect, the security “ buyer” lends t he "s eller" mon ey for the agreement period , and the agreement terms are structured to compens ate the buyer for this. Dealers use RP extensively to finance their positions. Exception: When the Fed i s said to be doing RP, lending money increases bank reserves.
REVERSE REPURCHASE AGREEMENT: An agreement of one party (for example, a financial institution) to purchase securities at a specified price from a second party (such as a public
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agency) and a simulta neous agreement by the first party to resell the securities at a specified price to the second party on demand or at a specific date.
RISK: Degree of uncertainty of return on an asset.
RULE 2A-7 OF THE INVESTMENT COMPANY ACT: Applies to all money market mutual funds and mandates such funds to maintain specific standards, including a 13 -month maturity limit and a 90-day average maturity on investments, to help maintain a constant net asset value of one dollar ($1.00).
SAFEKEEPING SERVICE: A service to cust omers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank's vault for protection and security.
SECONDARY MARKET: A market is made to purchase and sell outstanding issues following the initial distribution.
SECURITIES LENDING: An agreement under which a local agency agrees to transfer securities to a borrower who, in turn, agrees to provide collateral to the local agency. During the agreement term, both the se curities and the collateral are held by a th ird p arty. After the agreement, the securities are transferred back to the local agency in return for the collateral.
STRUCTURED NOTES: Notes issued by Government Sp onsored Enterprises (FHLB, FN MA, FHLMC, etc.) and corporations with embedded options (e.g., call features, step -up co upons, floating rate coupons, derivative -based returns) into their debt structure. Their market performance is impacted by the fl uctuation of interest rates, th e volatility of the embedded options, and shifts in the shape of the yield curve.
SWAP: Trading one asset for another.
TOTAL RETURN: The sum of all investment income plus changes in the portfolio’s capital value.
TREASURY BILLS: Short-term U.S. gove rnment non-interest-bearing discounted debt securities with no more than one-year maturities are issued in minimum denominations of $10,000 .
Auctions of three- and six-month bills are weekly, while auctions of one year are monthly. The yields o n these bills are monit ored clos ely i n the money markets f or signs of interest rate trends.
TREASURY BOND: A long-term coupon -bearing U.S. Treasury security issued as a direct obligation of the U.S. Government with an initial maturity of more than ten years and issued in minimum denominations of $1,000.
TREASURY NOTE: A medium-term coupon -bearing U.S. Treasury security issued as a direct obligation of the U.S. Government with an initial maturity of one to ten years and issued in denominations ranging from $1,000 to $1 million or more.
UNIFORM NET CAPITAL RULE: Securities and Exchange Commission (SEC) Rule 15C3 -1 outlines requirements that member firms and nonmember broker- dealers in securities mai ntain a maximum ratio of indebt edness to liquid capita l of 15 t o 1, also called net capi tal rule and net capital ratio. Indebtedness covers all money owed to a firm , including margin and
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commitments to purchase securities, one reason new public issues are spread among members of underwriting syndicates. Liquid capital includes cash and assets easily converted into cash.
VOLATILITY: A degree of fluctuation in the price and valuation of securities.
YIELD: The current rate of return-on-investment security is generally expressed as a percentage of the security’s curre nt pr ice. (a) I NCOME YIEL D is obtained by dividing the current dollar income by the current market price for the security. (b) NET YIELD or YIELD TO MATURITY is the current income yield minus any premium above par or plus a ny discount from par i n the purchase price, with the adjustment spread over the period fr om the date of purchase to the date of maturity of the bond.
INDIAN WELLS CITY COUNCIL
February 15, 2024
To: City Council
From: City Manager Department
Prepared by: Christopher Freeland, City Manager
Subject: BNP Paribas Open City of Indian Wells’ Suite Food and Beverage Service
RECOMMENDED ACTIONS:
Council DISCUSSES and PROVIDES direction as to any changes to the level of food and beverage service for the 2024 BNP Paribas Open.
BACKGROUND:
In 2023, the City successfully negotiated a modification to the Host Sponsorship Agreement for the upcoming 2024 BNP Paribas Open Tournament in collaboration with Desert Champions. The negotiation process aimed to enhance resident benefits, resulting in the inclusion of additional tickets throughout Stadium 1, an additional City suite (three City suites in total) , and an allotment of tickets to the tournament luxury suite, that is fully catered by the Tennis Garden.
The City's sponsorship for the BNP Paribas Open encompasses suites 302, 324, and 327 for an additional 594 suite seats added to 2024 tournament and every year after this .
Total suite seats during the tournament is 2,730. This sponsorship arrangement includes a $75,000 food credit. During the 2023 BNP Paribas, the city expended approximately $6,000 over the $75,000 credit ($81,000 total) for the two city suites. This included non- alcoholic beverages, a variety of snacks (e.g., chips and dip, pretzels, cheese platters, etc.), lunch and dinner service, and dessert trays.
DISCUSSION:
The Indian Wells Tennis Garden has engaged the services of Sodexo Live as its new food vendor. Sodexo Live, renowned for providing hospitality at a global scale, caters to events, cultural destinations, convention centers, stadiums/arenas, airport lounges, and conference centers, among other venues. The company boasts a prestigious clientele, including the Miami Open, prominent football stadiums like Hard Rock and Lucas Oil, and a longstanding 30-year partnership with Le Tour de France.
The transition to Sodexo Live as the new food vendor has brought about notable changes to the menu at the Indian Wells Tennis Garden. These changes encompass adjustments to pricing structures, the introduction of new food options, enhancements to food refinement offerings, and the discontinuation of beverage packages. Specific food options have been removed from the menu, and a shift to a la carte drinks has replaced beverage packages.
Notably, items such as snack mix and kettle chips will no longer be replenished during the event.
Staff were aware that food and beverage prices were likely to increase with the addition of a new food vendor, inflationary increases to food products 1, and the addition of 594 suite (28% increase) of suite tickets. The information on the new food and beverage costs was recently released by Sodexo. Based on the new costing provided by Sodexo, staff estimates a supplemental appropriation of $75,000 is needed to provide service to all three city suites for the duration of the BNP Paribas.
As such, staff added this item for Council discussion and direction as a supplemental appropriation is needed to provide similar food and beverage service to the City suites. It is important to note that while a bulk of the addition al costs are food related, the food vendor also collects a service charge of 21%, and sales tax of 7.75%. Staff has provided a variety of options for the Council’s consideration.
OPTIONS:
Staff has provided the following options:
1. The City can service all three City suites with snacks (popcorn, kettle chips with dip, chips and salsa, and snack mix) and beverages with the existing City credit of $75,000. The cost to provide snack service to all three suites is estimated at $37,100 for 20 people. The cost to provide beverage service to all three suites is estimated at $37,900. In addition, there is a service fee of 21%, with 7.75% tax.
Residents will be able to order food and drink in the suite with a credit card if they choose.
2. The City can service all three City suites with snacks, beverages, lunch and dinner service, and dessert, consistent with previous years with a supplemental appropriation of $75,000. As this is the first year under the new pricing structure, the $75,000 includes a small c ontingency to provide additional protection from exhausting the food and beverage offerings in the three City suites.
3. Provide alternative directions.
1 Concurrently, the U.S. Department of Agriculture’s Economic Research Service has reported a consistent upward trend in food inflation year over year. In 2022, there was a substantial 11.4% increase, and this inflationary pattern persists with an annual average rise of 2%.
FISCAL IMPACT:
The Finance Director has overseen the collection of admission tax revenue for the upcoming 2024 tournament. In collaboration with insights from the Tennis Garden, there is a mutual expectation of achieving expanded attendance and ticket revenues for the Tennis Garden, resulting in increased admission tax revenue.
The budgeted admissio n tax revenue currently stands at $4 million; however, current trends indicate a favorable performance surpassing this projection. The Finance Director anticipates revenues to exceed the budget by $200,000 to $600,000.