Agenda — Indio City Council, August 21, 2024 (part 2 of 4)

Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 88 of 507 Employment
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 206,000 jobs in June, remaining ahead of consensus expectations of 190,000 jobs. The gains were broad based, with government, health care, and social assistance posting the largest gains. The three-month moving average and six-month moving average payrolls have weakened from the first quarter to 177,000 and 222,000 respectively. The unemployment rate edged up to 4.1% in June, and the labor participation rate inched up to 62.6%, remaining below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons held steady at

7.4%. Average hourly earnings rose 3.9% year-over-year in June, down from 4.1% year-over-year in May. The labor markets continue to show signs of cooling in line with the Federal Reserve’s view that there has been “substantial” progress towards better balance in the labor market between demand and supply for workers.

Source: US Department of Labor Source: US Department of Labor 4

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 89 of 507 Job Openings & Labor Turnover Survey
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) increased to 8.140 million job openings in May from a downwardly revised 7.919 million in April. Job openings still represent a healthy ratio of around 1.2 jobs for each unemployed individual.

While the current level of job openings remains elevated from a historical perspective, the trend is decelerating.

Source: US Department of Labor
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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 90 of 507 Inflation

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YOY (%) Change
In June, the Consumer Price Index (CPI) declined 0.1% month-over-month and rose 3.0% year-over-year, reflecting broad-based cost reductions. The month-over-month drop was the first deflationary data point since the pandemic. The Core CPI, which excludes volatile food and energy components, was up just 0.1% month-over-month and 3.3% year-over-year in June, down from 3.4% in May and lower than expected. The Personal Consumption Expenditures (PCE) Index decelerated in May as expected. The headline PCE deflator was unchanged in May from April versus up 0.3% in the prior month. Year-over-year, the PCE deflator rose 2.6%. The Core PCE deflator (the Fed’s preferred gauge) increased 0.1% in May from the prior month versus up 0.3% in April. The Core PCE deflator also rose 2.6% year- over-year, still above the Fed’s 2% inflation target. Much of the lingering inflation has been driven by shelter costs and demand for services.

Source: US Department of Labor Source: US Department of Commerce 6

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 91 of 507 Consumer
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
May Retail Sales increased below expectations to +0.1% after a downwardly revised -0.2%, pointing to a fatigued consumer. On a year- over-year basis, Retail Sales growth further slowed to +2.3% in May. Nonstore retailers were a bright spot in May, up 0.8% following a

1.8% decline in April. The Conference Board’s Consumer Confidence Index fell to 100.4 in June from 101.3 in May. While the present situation component rose marginally, consumers are less optimistic about future expectations for business conditions and potential income increases. While the consumer has been resilient, consumption has begun to moderate in the face of higher interest rates, rising credit card balances, and growing delinquencies.
0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09) 7

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 92 of 507 Leading Indicators of Economic Activity
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) declined for the third consecutive month to -0.5% in May following a -0.6% decline in April. The index declined 5.3% year-over-year. The primary drivers for the negative print were a decline in new orders, weak consumer sentiment about future business conditions, and lower building permits. The Chicago Fed National Activity Index (CFNAI) increased to 0.18 in May from -0.26 in April, surpassing consensus expectations. However, the three-month moving average fell to -0.09 in May from -0.05 in April, indicating below-trend growth expectations for the economy.

Source: The Conference Board Source: Federal Reserve Bank of Chicago 8

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 93 of 507 Housing
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
May Housing Starts declined 5.5% month-over-month from April to 1.352 million units. This equates to -19.3% less starts compared to May 2023. Single family starts were 5.2% lower month-over-monthdue to higher mortgage interest rates, lack of existing unit supply and home affordability. Multi-family home starts declined 10.3% month-over-month. The Freddie Mac average rate for a 30-year fixed mortgage edged downto 6.92% in June from 7.06%in May. According to the Case-Shiller 20-City Home Price Index, housing prices rose a higher-than-expected 7.2% year-over-year in April versus March's upwardly revised 7.5% increase. Tight inventories and higher mortgage rates continue to impact affordability.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change
9

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 94 of 507 Survey Based Measures
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index edged down to 48.5 in June from 48.7 in May. While new orders picked up, prices paid for materials fell the most in over a year. The ISM Services Index returned to contraction declining to 48.8 in June, from

53.8 in the previous month. Although the levelof the decline was a surprise, the trend in the Services PMI, which applies to a larger share of US economic output, has been steadily decreasing.

Source: Institute for Supply Management
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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 95 of 507 Gross Domestic Product (GDP)
Components of GDP 6/23 9/23 12/23 3/24

0.6% 2.1% 2.2% 1.0%

0.9% 1.7% 0.2% 0.8%

0.0% 0.0% 0.3% -0.7%

0.1% 0.5% 0.2% 0.0%

0.5% 0.5% 0.6% 0.3%

2.1% 4.9% 3.4% 1.4%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-40.0%
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce The third and final estimate of first quarter GDP came in as expected with growth up 1.4%, a small upward revision from 1.3% in the second estimate. Notably, the personal consumption expenditures component was revised down substantially to +1.5% in the final estimate from +2.0% in the second estimate. Weaker growth in consumer spending was offset by upward revisions in other major categories, particularly gross fixed investment. The consensus projection calls for 2.0% growth in the second quarter and 2.3% growth for the full year 2024.
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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 96 of 507 Federal Reserve
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As expected at the June meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at a target range of 5.25-5.50%, emphasizing the need to see sustained evidence of easing inflation before considering any rate cuts. The FOMC's latest projections now suggest only one interest rate cut in 2024, with four more cuts expected in 2025 and a slightly higher long- term neutral rate. The Fed’s inflation projections ticked up marginally, while unemployment and GDP growth forecasts remained steady.

Additionally, the Fed continues to reduce its holdings of U.S. Treasury securities and agency mortgage-backed securities as per its predefined schedule of $25 billion and $35 billion per month. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $1.7T to approximately $7.3T.

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 97 of 507 Bond Yields
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Jun-24
Mar-24
Jun-23
Yield (%)
At the end of June, the 2-year Treasury yield was 15 basis points lower, and the 10-Year Treasury yield was 56 basis points higher, year- over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield remained relatively stable at -36 basis points at June month-end versus -37 basis points at May month-end. The inversion has occurred since July 2022 and remains historically long. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year Treasuries widened to -96 basis points in June from -91 basis points in May.
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ACCOUNT PROFILE
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OBJECTIVES
City of Indio | Account #10043 | As of June 30, 2024
The City of Indio's investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program.

The performance objective for the accounts is to achieve a rate of return over a market cycle that equals or exceeds the return on a market index of similar duration and sector allocation.

In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code.
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STATEMENT OF COMPLIANCE
City of Indio | Account #10043 | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 100.0 12.5 Compliant
Max % Issuer (MV) 100.0 12.5 Compliant
Max Maturity (Years) 5.0 4.7 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 8.1 Compliant
Max % Issuer (MV) 5.0 1.6 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 & A- by 1) 0.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1, A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 26.5 Compliant
Max % Issuer (MV) 5.0 1.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
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STATEMENT OF COMPLIANCE
City of Indio | Account #10043 | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 12.5 Compliant
Max % Issuer (MV) 100.0 4.9 Compliant
Max Maturity (Years) 5 4 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Permitted by LAIF (MV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.4 Compliant
Max % Issuer (MV) 20.0 0.4 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE -BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 10.0 0.5 Compliant
Max % Issuer (MV) 5.0 0.5 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
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STATEMENT OF COMPLIANCE
City of Indio | Account #10043 | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 5.7 Compliant
Max % Issuer (MV) 10.0 2.2 Compliant
Max Maturity (Years) 5 1 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 33.8 Compliant
Max Maturity (Years) 5 4 Compliant
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PORTFOLIO CHARACTERISTICS
City of Indio | Account #10043 | As of June 30, 2024
Benchmark* 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 2.76 2.99 2.80
Average Modified Duration 2.56 2.59 2.58
Average Purchase Yield 3.25% 3.00%
Average Market Yield 4.65% 4.88% 4.86%
Average Quality** AA+ AA AA
Total Market Value 109,871,022 108,907,565
*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index **The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19

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SECTOR DISTRIBUTION
City of Indio | Account #10043 | As of June 30, 2024
Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
US Treasury 33.7% 34.2%
Corporate 26.4% 27.1%
Agency CMBS 12.5% 11.4%
Agency 12.5% 14.2%
ABS 8.2% 6.5%
Supras 5.7% 5.8%
Muni Bonds 0.5% 0.5%
Money Mkt Fd 0.4% 0.3%
Cash 0.1% 0.0%
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ISSUERS
City of Indio | Account #10043 | As of June 30, 2024
Issuer Investment Type % Portfolio
United States US Treasury 33.71%
FHLMC Multiple 14.41%
FNMA Agency 4.92%
Federal Home Loan Banks Agency 3.58%
International Finance Corporation Supras 2.18%
International Bank for Recon and Dev Supras 1.80%
Inter-American Development Bank Supras 1.77%
Bank of America Corporation Corporate 1.72%
American Express Credit Master Trust ABS 1.56%
Deere & Company Corporate 1.46%
New York Life Insurance Company Corporate 1.42%
Caterpillar Inc. Corporate 1.36%
Morgan Stanley Corporate 1.35%
The Toronto-Dominion Bank Corporate 1.35%
Prologis, Inc. Corporate 1.19%
Tennessee Valley Authority Agency 1.16%
John Deere Owner Trust ABS 1.16%
Chase Issuance Trust ABS 1.06%
Realty Income Corporation Corporate 1.00%
UnitedHealth Group Incorporated Corporate 0.98%
Toyota Motor Corporation Corporate 0.97%
JPMorgan Chase & Co. Corporate 0.94%
Bank of America Credit Card Trust ABS 0.92%
Metropolitan Life Global Funding I Corporate 0.90%
Farm Credit System Agency 0.90%
Guardian Life Global Funding Corporate 0.88%
Bank of Montreal Corporate 0.87%
Public Service Enterprise Group Inco Corporate 0.87%
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ISSUERS
City of Indio | Account #10043 | As of June 30, 2024
Issuer Investment Type % Portfolio
PACCAR Inc Corporate 0.81%
Amazon.com, Inc. Corporate 0.77%
U.S. Bancorp Corporate 0.73%
Berkshire Hathaway Inc. Corporate 0.72%
Royal Bank of Canada Corporate 0.69%
PepsiCo, Inc. Corporate 0.69%
Honda Auto Receivables Owner Trust ABS 0.64%
Massachusetts Mutual Life Insurance Corporate 0.62%
Mastercard Incorporated Corporate 0.61%
BMW Vehicle Owner Trust ABS 0.61%
Apple Inc. Corporate 0.60%
Walmart Inc. Corporate 0.54%
Cisco Systems, Inc. Corporate 0.54%
Hyundai Auto Lease Securitization Tr ABS 0.53%
State of California Muni Bonds 0.50%
NextEra Energy, Inc. Corporate 0.46%
Northwestern Mutual Global Funding Corporate 0.45%
The Charles Schwab Corporation Corporate 0.42%
Hyundai Auto Receivables Trust ABS 0.40%
Toyota Auto Receivables Owner Trust ABS 0.38%
Federated Hermes, Inc. Money Mkt Fd 0.37%
GM Financial Automobile Leasing Trus ABS 0.36%
Target Corporation Corporate 0.35%
GM Financial Securitized Term ABS 0.29%
Mercedes-Benz Auto Lease Trust ABS 0.26%
BNY Mellon Corp Corporate 0.14%
Cash Cash 0.12%
TOTAL 100.00%
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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 107 of 507 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 3.4% 1.3% 8.3% 22.3% 20.1% 28.8% 15.7% 0.0% 0.0% ICE BofA 1-5 Year Unsubordinated US
Treasury & Agency Index

0.0% 0.1% 2.4% 35.0% 26.8% 22.9% 12.8% 0.0% 0.0%

DURATION DISTRIBUTION
City of Indio | Account #10043 | As of June 30, 2024
Portfolio Compared to the Benchmark
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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 108 of 507 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
City of Indio 0.88% 4.74% 2.45% 0.00% 1.12% 1.26% 1.28% Benchmark 0.82% 4.18% 1.85% (0.34%) 0.76% 1.01% 1.07%
*Periods over 1 year are annualized.

Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

INVESTMENT PERFORMANCE
City of Indio | Account #10043 | As of June 30, 2024
Total Rate of Return : Inception | 05/01/2009
-1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%
3 months 12 months 2 years 3 years 5 years 10 years Since Inception City of Indio Benchmark
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PORTFOLIO CHARACTERISTICS
City of Indio LAIF | Account #10067 | As of June 30, 2024 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 0.00 0.00
Average Modified Duration 0.00 0.00
Average Purchase Yield 4.46% 4.22%
Average Market Yield 4.46% 4.22%
Average Quality** AAA AAA
Total Market Value 91,215,130 84,826,278
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 25

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SECTOR DISTRIBUTION
City of Indio LAIF | Account #10067 | As of June 30, 2024 Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
LAIF 99.0% 98.9%
Cash 1.0% 1.1%
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BOND PROCEEDS
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PORTFOLIO CHARACTERISTICS
City of Indio - 2022 Lease Revenue Bonds - City Hall and Public Safety Financing | Account #10975 | As of June 30, 2024
6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 0.07 0.18
Average Modified Duration 0.07 0.10
Average Purchase Yield 4.40% 4.05%
Average Market Yield 5.04% 5.09%
Average Quality** AAA AAA
Total Market Value 66,939,683 66,108,541
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 28

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SECTOR DISTRIBUTION
City of Indio - 2022 Lease Revenue Bonds - City Hall and Public Safety Financing | Account #10975 | As of June 30, 2024
Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
Money Mkt Fd 69.1% 47.8%
US Treasury 30.6% 44.4%
Cash 0.3% 0.3%
Agency -- 7.6%
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PORTFOLIO CHARACTERISTICS
City of Indio - Debt Service Reserve | Account #10976 | As of June 30, 2024 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 0.02 0.07
Average Modified Duration 0.02 0.00
Average Purchase Yield 4.54% 4.53%
Average Market Yield 4.98% 4.99%
Average Quality** AAA AAA
Total Market Value 4,583,740 4,526,982
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 30

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SECTOR DISTRIBUTION
City of Indio - Debt Service Reserve | Account #10976 | As of June 30, 2024 Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
Money Mkt Fd 77.9% 77.7%
US Treasury 21.8% 21.9%
Cash 0.3% 0.3%
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PORTFOLIO CHARACTERISTICS
City of Indio - Capitalized Interest Fund | Account #10977 | As of June 30, 2024 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 0.57 0.59
Average Modified Duration 0.55 0.56
Average Purchase Yield 3.45% 3.38%
Average Market Yield 5.22% 5.14%
Average Quality** AAA AAA
Total Market Value 3,641,913 5,107,539
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 32

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SECTOR DISTRIBUTION
City of Indio - Capitalized Interest Fund | Account #10977 | As of June 30, 2024 Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
US Treasury 88.2% 92.6%
Money Mkt Fd 11.7% 7.4%
33

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PORTFOLIO CHARACTERISTICS
City of Indio - Cons Bond Proceeds | Account #10978 | As of June 30, 2024 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 0.09 0.20
Average Modified Duration 0.09 0.14
Average Purchase Yield 4.37% 4.04%
Average Market Yield 5.04% 5.09%
Average Quality** AAA AAA
Total Market Value 75,165,336 75,743,062
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 34

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SECTOR DISTRIBUTION
City of Indio - Cons Bond Proceeds | Account #10978 | As of June 30, 2024 Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
Money Mkt Fd 66.9% 46.9%
US Treasury 32.9% 46.3%
Cash 0.3% 0.2%
Agency -- 6.6%
35

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PORTFOLIO CHARACTERISTICS
City of Indio Cons | Account #10068 | As of June 30, 2024 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 1.63 1.57
Average Modified Duration 1.41 1.41
Average Purchase Yield 3.80% 3.54%
Average Market Yield 4.69% 4.58%
Average Quality** AA AA
Total Market Value 201,086,152 193,733,842
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 36

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SECTOR DISTRIBUTION
City of Indio Cons | Account #10068 | As of June 30, 2024 Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
LAIF 45.1% 43.5%
US Treasury 18.4% 19.2%
Corporate 14.4% 15.2%
Agency CMBS 6.8% 6.4%
Agency 6.8% 8.0%
ABS 4.5% 3.7%
Supras 3.1% 3.2%
Cash 0.5% 0.5%
Muni Bonds 0.3% 0.3%
Money Mkt Fd 0.2% 0.2%
37

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PORTFOLIO HOLDINGS
38

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HOLDINGS REPORT
City of Indio | Account #10043 | As of June 30, 2024
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
44934LAD4 HALST 2022-B A3 3.35 06/16/2025 149,051.71 05/10/2022 149,039.72 99.86 148,844.60 0.14% NA/AAA 0.96

3.35% 149,039.72 5.72% 221.92 (195.12) AAA 0.06
44934KAC8 HART 2021-B A3 0.38 01/15/2026 49,464.66 04/29/2022 47,586.55 99.09 49,014.02 0.04% NA/AAA 1.54

1.43% 47,586.55 3.83% 8.35 1,427.47 AAA 0.27
43815GAC3 HAROT 2021-4 A3 0.88 01/21/2026 89,904.46 11/16/2021 89,885.51 97.97 88,075.18 0.08% Aaa/NA 1.56

0.89% 89,885.51 4.64% 21.98 (1,810.33) AAA 0.55
47789QAC4 JDOT 2021-B A3 0.52 03/16/2026 70,573.15 07/13/2021 70,566.86 98.07 69,214.10 0.06% Aaa/NA 1.71

0.52% 70,566.86 4.81% 16.31 (1,352.75) AAA 0.45
89238JAC9 TAOT 2021-D A3 0.71 04/15/2026 87,424.64 11/09/2021 87,422.78 98.00 85,675.23 0.08% NA/AAA 1.79

0.71% 87,422.78 4.44% 27.59 (1,747.55) AAA 0.57
44935FAD6 HART 2021-C A3 0.74 05/15/2026 60,481.65 11/09/2021 60,468.15 98.36 59,489.83 0.05% NA/AAA 1.87

0.75% 60,468.15 4.11% 19.89 (978.32) AAA 0.49
43815BAC4 HAROT 2022-1 A3 1.88 05/15/2026 238,389.28 02/15/2022 238,353.43 98.11 233,876.91 0.21% Aaa/AAA 1.87

1.88% 238,353.43 4.63% 199.19 (4,476.52) NA 0.70
89239KAC5 TAOT 2022-A A3 1.23 06/15/2026 194,092.03 04/20/2022 186,965.22 98.03 190,264.71 0.17% Aaa/NA 1.96

2.16% 186,965.22 4.51% 106.10 3,299.50 AAA 0.63
05602RAD3 BMWOT 2022-A A3 3.21 08/25/2026 177,331.97 05/10/2022 177,322.75 98.66 174,960.86 0.16% Aaa/AAA 2.15

3.21% 177,322.75 4.97% 94.87 (2,361.88) NA 0.78
89238FAD5 TAOT 2022-B A3 2.93 09/15/2026 143,226.88 04/07/2022 143,223.53 98.46 141,021.79 0.13% Aaa/AAA 2.21

2.93% 143,223.53 4.91% 186.51 (2,201.74) NA 0.82
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 163,804.85 03/10/2022 163,768.61 98.03 160,582.59 0.15% Aaa/NA 2.21

2.33% 163,768.61 5.46% 168.90 (3,186.02) AAA 0.64
362554AC1 GMCAR 2021-4 A3 0.68 09/16/2026 69,326.39 10/13/2021 69,324.63 97.67 67,712.79 0.06% Aaa/AAA 2.21

0.68% 69,324.63 4.17% 19.64 (1,611.83) NA 0.69
448977AD0 HART 2022-A A3 2.22 10/15/2026 329,985.13 03/09/2022 329,972.42 98.19 324,004.05 0.30% NA/AAA 2.29

2.22% 329,972.42 4.60% 325.59 (5,968.38) AAA 0.78
380146AC4 GMCAR 2022-1 A3 1.26 11/16/2026 83,051.34 01/11/2022 83,044.12 97.78 81,211.49 0.07% NA/AAA 2.38

1.26% 83,044.12 4.27% 43.60 (1,832.64) AAA 0.76
362585AC5 GMCAR 2022-2 A3 3.1 02/16/2027 172,470.29 04/05/2022 172,434.25 98.42 169,745.44 0.16% Aaa/AAA 2.63

3.10% 172,434.25 4.81% 222.77 (2,688.81) NA 0.97
39

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Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
47800AAC4 JDOT 2022-B A3 3.74 02/16/2027 308,054.79 07/12/2022 308,025.38 98.59 303,711.22 0.28% Aaa/NA 2.63

3.74% 308,025.38 5.33% 512.06 (4,314.16) AAA 0.88
44934FAD7 HALST 24B A3 5.41 05/17/2027 425,000.00 05/14/2024 424,988.19 100.22 425,925.86 0.39% NA/AAA 2.88

5.41% 424,988.19 5.36% 1,021.89 937.67 AAA 1.69
02582JJT8 AMXCA 2022-2 A 05/17/2027 1,735,000.00 -- 1,725,149.92 98.21 1,703,943.50 1.56% NA/AAA 0.87

3.61% 1,725,149.92 5.54% 2,614.07 (21,206.42) AAA 0.92
47800BAC2 JDOT 2022-C A3 5.09 06/15/2027 740,000.00 10/12/2022 739,942.58 99.64 737,357.53 0.68% Aaa/NA 2.96

5.09% 739,942.58 5.50% 1,674.04 (2,585.05) AAA 1.05
36269WAD1 GMALT 2024-2 A3 5.39 07/20/2027 395,000.00 05/07/2024 394,977.05 100.29 396,144.35 0.36% NA/AAA 3.05

5.39% 394,977.05 5.30% 650.54 1,167.30 AAA 1.71
58770JAD6 MBALT 2024-A A3 5.32 01/18/2028 285,000.00 05/17/2024 284,966.66 100.29 285,816.07 0.26% Aaa/NA 3.55

5.32% 284,966.66 5.25% 673.87 849.41 AAA 2.00
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,155,000.00 09/07/2023 1,154,679.83 100.26 1,157,948.48 1.06% NR/AAA 4.21

5.17% 1,154,679.83 5.11% 2,648.80 3,268.65 AAA 2.03
437930AC4 HONDO-242-A3 5.27 11/20/2028 375,000.00 05/14/2024 374,954.44 100.27 376,012.16 0.34% NA/AAA 4.39

5.27% 374,954.44 5.21% 713.65 1,057.72 AAA 2.06
096919AD7 BMWOT 2024-A A3 5.18 02/26/2029 490,000.00 06/04/2024 489,925.57 100.10 490,484.07 0.45% Aaa/AAA 4.66

5.18% 489,925.57 5.21% 1,410.11 558.50 NA 2.10
05522RDJ4 BACCT 2024-1 A 4.93 03/15/2029 1,000,000.00 -- 1,000,351.29 100.04 1,000,396.60 0.92% Aaa/AAA 4.71

4.92% 1,000,351.29 4.99% 2,465.00 45.31 NA 2.61
8,967,339.43 99.28 8,921,433.44 8.17% Aaa/AAA 2.87
Total ABS 8,986,633.22 4.13% 8,967,339.43 5.17% 16,067.25 (45,905.99) AAA 1.42 AGENCY
3130A2UW4 FEDERAL HOME LOAN BANKS 2.875 800,000.00 09/13/2019 841,352.00 99.48 795,859.78 0.73% Aaa/AA+ 0.21 09/13/2024 1.79% 841,352.00 5.41% 6,900.00 (45,492.22) AA+ 0.20 3135G0W66 FEDERAL NATIONAL MORTGAGE 735,000.00 -- 747,795.15 98.97 727,418.87 0.67% Aaa/AA+ 0.29 ASSOCIATION 1.625 10/15/2024 1.24% 747,795.15 5.20% 2,521.46 (20,376.28) AA+ 0.29 3135G0X24 FEDERAL NATIONAL MORTGAGE 745,000.00 -- 757,891.45 98.13 731,100.16 0.67% Aaa/AA+ 0.52 ASSOCIATION 1.625 01/07/2025 1.26% 757,891.45 5.31% 5,851.35 (26,791.29) AA+ 0.50 3135G03U5 FEDERAL NATIONAL MORTGAGE 810,000.00 04/22/2020 808,331.40 96.43 781,049.15 0.72% Aaa/AA+ 0.81 ASSOCIATION 0.625 04/22/2025 0.67% 808,331.40 5.18% 970.31 (27,282.25) AA+ 0.79 40

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Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3135G04Z3 FEDERAL NATIONAL MORTGAGE 1,100,000.00 -- 1,100,241.40 95.66 1,052,304.00 0.96% Aaa/AA+ 0.96 ASSOCIATION 0.5 06/17/2025 0.49% 1,100,241.40 5.17% 213.89 (47,937.40) AA+ 0.94 3137EAEU9 FEDERAL HOME LOAN MORTGAGE 1,100,000.00 -- 1,096,348.16 95.27 1,048,021.45 0.96% Aaa/AA+ 1.06 CORP 0.375 07/21/2025 0.44% 1,096,348.16 5.01% 1,833.33 (48,326.71) AA+ 1.03 3135G05X7 FEDERAL NATIONAL MORTGAGE 1,100,000.00 -- 1,095,957.92 94.81 1,042,913.50 0.96% Aaa/AA+ 1.15 ASSOCIATION 0.375 08/25/2025 0.45% 1,095,957.92 5.07% 1,443.75 (53,044.42) AA+ 1.12 3137EAEX3 FEDERAL HOME LOAN MORTGAGE 1,100,000.00 -- 1,096,878.25 94.51 1,039,630.91 0.95% Aaa/AA+ 1.23 CORP 0.375 09/23/2025 0.43% 1,096,878.25 5.03% 1,122.92 (57,247.34) AA+ 1.20 3135G06G3 FEDERAL NATIONAL MORTGAGE 1,100,000.00 -- 1,097,242.00 94.22 1,036,469.83 0.95% Aaa/AA+ 1.36 ASSOCIATION 0.5 11/07/2025 0.55% 1,097,242.00 4.97% 825.00 (60,772.17) AA+ 1.32 880591EZ1 TENNESSEE VALLEY AUTHORITY 1,300,000.00 05/01/2023 1,303,913.00 97.82 1,271,660.96 1.16% Aaa/AA+ 3.71

3.875 03/15/2028 3.81% 1,303,913.00 4.52% 14,832.64 (32,252.04) AA+ 3.37 3133EPME2 FEDERAL FARM CREDIT BANKS 1,000,000.00 06/07/2023 996,040.00 98.09 980,856.44 0.90% Aaa/AA+ 3.94 FUNDING CORP 3.875 06/08/2028 3.96% 996,040.00 4.41% 2,475.69 (15,183.56) AA+ 3.60 3130AWN63 FEDERAL HOME LOAN BANKS 4.0 1,200,000.00 08/21/2023 1,172,544.00 97.21 1,166,468.47 1.07% Aaa/AA+ 4.00 06/30/2028 4.53% 1,172,544.00 4.78% 133.33 (6,075.53) AA+ 3.64 3130AWTR1 FEDERAL HOME LOAN BANKS 4.375 1,950,000.00 09/12/2023 1,940,122.50 99.66 1,943,448.21 1.78% Aaa/AA+ 4.19 09/08/2028 4.49% 1,940,122.50 4.46% 26,778.65 3,325.71 AA+ 3.74 14,054,657.23 97.03 13,617,201.74 12.47% Aaa/AA+ 2.11
Total Agency 14,040,000.00 2.13% 14,054,657.23 4.90% 65,902.33 (437,455.49) AA+ 1.95

AGENCY CMBS
3137FARE0 FHMS K-727 A2 2.946 07/25/2024 233,567.09 11/16/2021 233,532.25 99.61 232,665.82 0.21% Aaa/AAA 0.07

1.24% 243,621.43 5.73% 573.41 (10,955.60) AA+ 0.07
3137BKRJ1 FHMS K-047 A2 3.329 05/25/2025 398,134.70 06/23/2021 434,340.08 98.19 390,931.17 0.36% Aaa/AA+ 0.90

0.90% 434,340.08 5.44% 1,104.49 (43,408.91) AAA 0.76
3137BMTX4 FHMS K-052 A2 3.151 11/25/2025 1,000,000.00 11/16/2021 1,067,812.50 97.32 973,207.80 0.89% Aaa/AA+ 1.41

1.36% 1,067,812.50 5.29% 2,625.83 (94,604.70) AAA 1.18
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 842,000.00 04/14/2022 857,721.72 96.36 811,337.98 0.74% Aaa/AA+ 2.57

2.96% 857,721.72 4.98% 2,406.72 (46,383.74) AAA 2.27
3137FAWS3 FHMS K-067 A2 3.194 07/25/2027 1,500,000.00 -- 1,478,710.94 95.15 1,427,275.80 1.31% Aaa/AA+ 3.07

3.46% 1,478,710.94 4.90% 3,992.50 (51,435.14) AA+ 2.80
41

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Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3137FBBX3 FHMS K-068 A2 3.244 08/25/2027 1,500,000.00 08/25/2022 1,477,675.78 95.27 1,428,976.50 1.31% Aaa/AA+ 3.15

3.52% 1,477,675.78 4.87% 4,055.00 (48,699.28) AA+ 2.86
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 1,465,000.00 04/13/2023 1,412,351.56 95.02 1,391,986.16 1.27% Aaa/AAA 3.24

4.02% 1,412,351.56 4.89% 3,890.80 (20,365.40) AA+ 2.89
3137F4D41 FHMS K-074 A2 3.6 01/25/2028 1,000,000.00 04/10/2023 981,445.31 95.85 958,528.40 0.88% Aaa/AA+ 3.57

3.97% 981,445.31 4.87% 3,000.00 (22,916.91) AAA 3.20
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 3,100,000.00 -- 2,937,750.01 96.48 2,990,937.97 2.74% Aaa/AA+ 4.15

5.05% 2,937,750.01 4.82% 10,075.00 53,187.96 AAA 3.71
3137FJKE8 FHMS K-082 A2 3.92 09/25/2028 750,000.00 11/28/2023 723,398.44 96.54 724,045.65 0.66% Aaa/AA+ 4.24

4.68% 723,398.44 4.82% 2,450.00 647.21 AAA 3.74
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 1,000,000.00 04/11/2024 888,476.56 89.66 896,564.20 0.82% Aaa/AA+ 4.57

4.85% 888,476.56 4.84% 1,883.33 8,087.64 AAA 4.15
3137FLMV3 FHMS K-090 A2 3.422 02/25/2029 1,500,000.00 05/30/2024 1,405,195.31 94.53 1,417,946.85 1.30% Aaa/AAA 4.66

4.87% 1,405,195.31 4.74% 4,277.50 12,751.54 AA+ 4.14
13,898,410.46 95.53 13,644,404.31 12.49% Aaa/AA+ 3.43
Total Agency CMBS 14,288,701.79 3.92% 13,908,499.63 4.91% 40,334.58 (264,095.33) AAA 3.07 CASH
CCYUSD Receivable 132,491.76 -- 132,491.76 1.00 132,491.76 0.12% Aaa/AAA 0.00

0.00% 132,491.76 0.00% 0.00 0.00 AAA 0.00
132,491.76 1.00 132,491.76 0.12% Aaa/AAA 0.00
Total Cash 132,491.76 0.00% 132,491.76 0.00% 0.00 0.00 AAA 0.00

CORPORATE
91159HHX1 US BANCORP 2.4 07/30/2024 800,000.00 -- 826,209.00 99.72 797,778.82 0.73% A3/A 0.08

1.48% 826,209.00 5.69% 8,053.33 (28,430.18) A 0.08
713448EQ7 PEPSICO INC 2.25 03/19/2025 770,000.00 01/28/2022 782,766.60 97.87 753,573.54 0.69% A1/A+ 0.72

1.69% 782,766.60 5.31% 4,908.75 (29,193.06) WR 0.70
06367WB85 BANK OF MONTREAL 1.85 511,000.00 07/23/2021 529,815.02 97.00 495,671.61 0.45% A2/A- 0.84 05/01/2025 0.85% 529,815.02 5.57% 1,575.58 (34,143.41) AA- 0.81 42

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Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
06406HCQ0 BANK OF NEW YORK MELLON CORP

3.95 11/18/2025
150,000.00 04/05/2022

3.20%
153,736.50
153,736.50

98.31 5.23%
147,465.71
707.71

0.14%
(6,270.79)
A1/A
AA-

1.39 1.32
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026
479,000.00 --

2.02%
480,444.07
480,444.07

97.11 6.58%
465,137.99
1,912.37

0.43%
(15,306.08)
A1/A-
AA-

1.81 0.78
023135BX3 AMAZON.COM INC 1.0 05/12/2026 900,000.00 05/10/2021

1.09%
896,112.00
896,112.00

93.03 4.95%
837,291.83
1,225.00

0.77%
(58,820.17)
A1/AA
AA-

1.87 1.81
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026
1,150,000.00 --

1.47%
1,134,105.50
1,134,105.50

92.96 5.14%
1,069,005.01
1,689.86

0.98%
(65,100.49)
A2/A+
A

1.87 1.81
89236TJK2 TOYOTA MOTOR CREDIT CORP 1.125
06/18/2026
615,000.00 06/15/2021

1.13%
614,729.40
614,729.40

92.61 5.12%
569,536.46
249.84

0.52%
(45,192.94)
A1/A+
A+

1.97 1.90
06051GJD2 BANK OF AMERICA CORP 1.319
06/19/2026
750,000.00 --

1.29%
750,922.50
750,916.17

95.82 6.18%
718,656.87
329.75

0.66%
(32,259.30)
A1/A-
AA-

1.97 0.94
037833DN7 APPLE INC 2.05 09/11/2026 700,000.00 12/02/2021

1.49%
717,388.00
717,388.00

94.01 4.96%
658,064.60
4,384.72

0.60%
(59,323.40)
Aaa/AA+
NA

2.20 2.09
06368FAC3 BANK OF MONTREAL 1.25
09/15/2026
500,000.00 09/10/2021

1.29%
498,915.00
498,915.00

91.60 5.33%
457,988.14
1,840.28

0.42%
(40,926.86)
A2/A-
AA-

2.21 2.12
931142ER0 WALMART INC 1.05 09/17/2026 645,000.00 --

1.03%
645,650.95
645,650.95

92.18 4.81%
594,584.94
1,956.50

0.54%
(51,066.01)
Aa2/AA
AA

2.22 2.14
87612EBM7 TARGET CORP 1.95 01/15/2027 415,000.00 01/19/2022

1.99%
414,294.50
414,294.50

93.06 4.89%
386,199.91
3,731.54

0.35%
(28,094.59)
A2/A
A

2.54 2.41
756109AS3 REALTY INCOME CORP 3.0
01/15/2027
1,150,000.00 08/24/2022

4.32%
1,089,682.50
1,089,682.50

94.73 5.24%
1,089,358.23
15,908.33

1.00%
(324.27)
A3/A-
WR

2.54 2.37
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027
495,000.00 03/01/2022

2.46%
494,858.10
494,858.10

93.27 5.18%
461,666.73
3,975.13

0.42%
(33,191.37)
A2/A-
A

2.67 2.52
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027
840,000.00 03/07/2022

2.30%
839,840.40
839,840.40

93.74 4.79%
787,393.26
5,688.67

0.72%
(52,447.14)
Aa2/AA
A+

2.71 2.56
40139LBF9 GUARDIAN LIFE GLOBAL FUNDING

3.246 03/29/2027
465,000.00 --

3.57%
460,790.70
460,790.70

95.34 5.08%
443,342.00
3,857.33

0.41%
(17,448.70)
Aa1/AA+
NA

2.74 2.56
46647PCB0 JPMORGAN CHASE & CO 1.578
04/22/2027
600,000.00 08/24/2022

4.45%
538,902.00
538,902.00

93.32 5.77%
559,925.05
1,814.70

0.51%
21,023.05
A1/A-
AA-

2.81 1.74
06051GHT9 BANK OF AMERICA CORP 3.559
04/23/2027
1,200,000.00 --

4.51%
1,157,535.36
1,157,535.36

96.70 5.91%
1,160,365.26
8,067.07

1.06%
2,829.90
A1/A-
AA-

2.81 1.71
43

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 128 of 507

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
89115A2C5 TORONTO-DOMINION BANK 4.108
06/08/2027
1,000,000.00 08/25/2022

4.21%
995,700.00
995,700.00

97.05 5.20%
970,484.44
2,624.56

0.89%
(25,215.56)
A1/A
NA

2.94 2.72
59217GFB0 METROPOLITAN LIFE GLOBAL
FUNDING I 4.4 06/30/2027
1,000,000.00 --

4.30%
1,004,502.80
1,004,502.80

98.24 5.04%
982,369.41
122.22

0.90%
(22,133.39)
Aa3/AA-
AA-

3.00 2.77
61747YEC5 MORGAN STANLEY 1.512
07/20/2027
1,600,000.00 08/24/2022

4.29%
1,426,832.00
1,426,832.00

92.45 5.70%
1,479,206.24
10,819.20

1.35%
52,374.24
A1/A-
A+

3.05 1.96
14913R3A3 CATERPILLAR FINANCIAL SERVICES
CORP 3.6 08/12/2027
500,000.00 08/24/2022

3.87%
493,975.00
493,975.00

96.24 4.91%
481,224.26
6,950.00

0.44%
(12,750.74)
A2/A
A+

3.12 2.86
40139LBG7 GUARDIAN LIFE GLOBAL FUNDING

5.55 10/28/2027
510,000.00 10/25/2022

5.56%
509,847.00
509,847.00
101.36

5.10%
516,911.93
4,953.38

0.47%
7,064.93
Aa1/AA+
NA

3.33 2.98
24422EWR6 JOHN DEERE CAPITAL CORP 4.75
01/20/2028
600,000.00 01/23/2023

4.40%
609,234.00
609,234.00

99.57 4.88%
597,443.77
12,745.83

0.55%
(11,790.23)
A1/A
A+

3.56 3.17
57636QAW4 MASTERCARD INC 4.875 03/09/2028 665,000.00 03/06/2023

4.90%
664,354.95
664,354.95
100.53

4.71%
668,553.17
10,085.83

0.61%
4,198.22
Aa3/A+
NA

3.69 3.23
64952WFD0 NEW YORK LIFE GLOBAL FUNDING

4.9 06/13/2028
1,000,000.00 09/21/2023

5.48%
976,220.00
976,220.00

99.52 5.04%
995,188.75
2,450.00

0.91%
18,968.75
Aaa/AA+
AAA

3.96 3.54
74340XCG4 PROLOGIS LP 4.875 06/15/2028 1,305,000.00 --

5.17%
1,288,811.25
1,288,811.25

99.51 5.01%
1,298,614.20
2,827.50

1.19%
9,802.95
A3/A
NA

3.96 3.55
89115A2U5 TORONTO-DOMINION BANK 5.523
07/17/2028
500,000.00 12/14/2023

4.76%
515,535.00
515,535.00
101.24

5.18%
506,211.91
12,580.17

0.46%
(9,323.09)
A1/A
AA-

4.05 3.51
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028
750,000.00 12/14/2023

4.68%
765,892.50
765,892.50
100.66

5.02%
754,924.46
16,250.00

0.69%
(10,968.04)
A1/A
AA-

4.09 3.57
69371RS64 PACCAR FINANCIAL CORP 4.95
08/10/2028
885,000.00 08/03/2023

4.99%
883,601.70
883,601.70
100.18

4.90%
886,627.59
17,157.94

0.81%
3,025.89
A1/A+
NA

4.11 3.61
74456QBX3 PUBLIC SERVICE ELECTRIC AND GAS
CO 3.65 09/01/2028
1,000,000.00 12/07/2023

4.77%
953,250.00
953,250.00

95.35 4.90%
953,501.72
12,166.67

0.87%
251.72
A1/A
WR

4.17 3.76
89236TLL7 TOYOTA MOTOR CREDIT CORP 4.65
01/05/2029
500,000.00 01/03/2024

4.61%
500,905.00
500,905.00

98.78 4.96%
493,885.16
11,366.67

0.45%
(7,019.84)
A1/A+
A+

4.52 3.93
66815L2Q1 NORTHWESTERN MUTUAL GLOBAL
FUNDING 4.71 01/10/2029
500,000.00 --

4.67%
500,919.44
500,919.44

98.99 4.96%
494,958.24
11,186.25

0.45%
(5,961.20)
Aaa/AA+
AAA

4.53 3.94
57629W5B2 MASSMUTUAL GLOBAL FUNDING II

4.85 01/17/2029
680,000.00 01/09/2024

4.85%
679,911.60
679,911.60

99.27 5.03%
675,026.45
15,024.22

0.62%
(4,885.15)
Aa3/AA+
AA+

4.55 3.95
44

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 129 of 507

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029
585,000.00 02/21/2024

4.86%
584,795.25
584,795.25

99.98 4.85%
584,896.79
9,851.56

0.54%
101.54
A1/AA-
NA

4.66 4.06
14913UAJ9 CATERPILLAR FINANCIAL SERVICES
CORP 4.85 02/27/2029
1,000,000.00 03/18/2024

4.84%
1,000,490.00
1,000,490.00
100.02

4.84%
1,000,236.50
16,705.56

0.92%
(253.50)
A2/A
A+

4.66 4.06
64952WFG3 NEW YORK LIFE GLOBAL FUNDING

5.0 06/06/2029
560,000.00 06/03/2024

5.04%
558,924.80
558,924.80

99.68 5.07%
558,212.27
1,944.44

0.51%
(712.53)
Aaa/AA+
AAA

4.93 4.31
24422EXT1 JOHN DEERE CAPITAL CORP 4.85
06/11/2029
1,000,000.00 06/07/2024

5.04%
991,780.00
991,780.00

99.68 4.92%
996,764.63
2,694.44

0.91%
4,984.63
A1/A
A+

4.95 4.34
341081GT8 FLORIDA POWER & LIGHT CO 5.15
06/15/2029
500,000.00 06/13/2024

4.82%
506,932.49
506,932.49
100.84

4.96%
504,187.99
2,002.78

0.46%
(2,744.50)
Aa2/A+
AA-

4.96 4.19
Total Corporate 29,775,000.00 3.69%
29,439,112.88
29,439,106.55

96.99 5.18%
28,852,435.85
254,385.67

26.42%
(586,670.70)
A1/A
AA-

3.13 2.69

MONEY MARKET
FUND
60934N104 FEDERATED HRMS GV O INST 407,148.06 --

5.19%
407,148.06
407,148.06

1.00 5.19%
407,148.06

0.00 0.37%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money Market
Fund 407,148.06 5.19%
407,148.06
407,148.06

1.00 5.19%
407,148.06

0.00 0.37%

0.00 Aaa/
AAAm
AAA

0.00 0.00

MUNICIPAL BONDS
13063DRK6 CALIFORNIA STATE 2.4 10/01/2024 545,000.00 10/16/2019

1.91%
557,518.65
557,518.65

99.20 5.60%
540,612.75
3,270.00

0.50%
(16,905.90)
Aa2/AA-
AA

0.25 0.25
Total Municipal
Bonds 545,000.00 1.91%
557,518.65
557,518.65

99.20 5.60%
540,612.75
3,270.00

0.50%
(16,905.90)
Aa2/AA-
AA

0.25 0.25

SUPRANATIONAL
45950KCT5 INTERNATIONAL FINANCE CORP

0.375 07/16/2025
2,500,000.00 10/29/2021

1.07%
2,437,250.00
2,437,250.00

95.18 5.18%
2,379,418.35
4,296.88

2.18%
(57,831.65)
Aaa/AAA
NA

1.04 1.02
45

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 130 of 507

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
459058JL8 INTERNATIONAL BANK FOR 2,080,000.00 -- 2,067,555.77 94.26 1,960,552.42 1.80% Aaa/AAA 1.33 RECONSTRUCTION AND DEVELOPM 0.64% 2,067,555.77 5.02% 1,820.00 (107,003.35) NA 1.29

0.5 10/28/2025
4581X0DV7 INTER-AMERICAN DEVELOPMENT 2,080,000.00 -- 2,078,743.40 93.15 1,937,502.13 1.77% Aaa/AAA 1.80 BANK 0.875 04/20/2026 0.88% 2,078,743.40 4.88% 3,589.44 (141,241.27) NA 1.75 6,583,549.17 94.26 6,277,472.91 5.75% Aaa/AAA 1.37
Total Supranational 6,660,000.00 0.88% 6,583,549.17 5.04% 9,706.32 (306,076.26) NA 1.33

US TREASURY
912828D56 UNITED STATES TREASURY 2.375 700,000.00 08/29/2019 731,035.16 99.62 697,347.66 0.64% Aaa/AA+ 0.13 08/15/2024 1.45% 731,035.16 5.35% 6,257.21 (33,687.50) AA+ 0.13 9128283D0 UNITED STATES TREASURY 2.25 500,000.00 11/07/2019 511,308.59 98.97 494,829.10 0.45% Aaa/AA+ 0.34 10/31/2024 1.77% 511,308.59 5.38% 1,895.38 (16,479.49) AA+ 0.33 91282CAJ0 UNITED STATES TREASURY 0.25 750,000.00 09/15/2021 738,369.14 94.61 709,599.61 0.65% Aaa/AA+ 1.17 08/31/2025 0.65% 738,369.14 5.06% 626.70 (28,769.53) AA+ 1.14 91282CAM3 UNITED STATES TREASURY 0.25 1,100,000.00 02/05/2021 1,091,621.09 94.29 1,037,179.68 0.95% Aaa/AA+ 1.25 09/30/2025 0.42% 1,091,621.09 5.02% 691.26 (54,441.41) AA+ 1.22 91282CAT8 UNITED STATES TREASURY 0.25 1,100,000.00 -- 1,092,301.76 93.98 1,033,785.16 0.95% Aaa/AA+ 1.34 10/31/2025 0.40% 1,092,301.76 4.97% 463.32 (58,516.60) AA+ 1.30 91282CAZ4 UNITED STATES TREASURY 0.375 1,050,000.00 03/26/2021 1,031,173.83 93.82 985,072.26 0.90% Aaa/AA+ 1.42 11/30/2025 0.77% 1,031,173.83 4.94% 333.50 (46,101.57) AA+ 1.38 91282CBH3 UNITED STATES TREASURY 0.375 1,000,000.00 02/22/2021 989,492.19 93.20 931,992.19 0.85% Aaa/AA+ 1.59 01/31/2026 0.59% 989,492.19 4.89% 1,565.93 (57,500.00) AA+ 1.54 91282CBT7 UNITED STATES TREASURY 0.75 700,000.00 09/10/2021 699,808.59 93.26 652,804.68 0.60% Aaa/AA+ 1.75 03/31/2026 0.76% 699,808.59 4.81% 1,319.67 (47,003.91) AA+ 1.70 91282CCZ2 UNITED STATES TREASURY 0.875 630,000.00 10/18/2021 620,574.61 92.04 579,821.48 0.53% Aaa/AA+ 2.25 09/30/2026 1.19% 620,574.61 4.64% 1,385.66 (40,753.13) AA+ 2.18 91282CDG3 UNITED STATES TREASURY 1.125 1,500,000.00 11/22/2021 1,489,863.28 92.29 1,384,277.34 1.27% Aaa/AA+ 2.34 10/31/2026 1.27% 1,489,863.28 4.65% 2,843.07 (105,585.94) AA+ 2.25 91282CFB2 UNITED STATES TREASURY 2.75 2,000,000.00 08/24/2022 1,956,093.75 94.95 1,899,062.50 1.74% Aaa/AA+ 3.08 07/31/2027 3.23% 1,956,093.75 4.52% 22,967.03 (57,031.25) AA+ 2.88 46

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 131 of 507

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CFH9 UNITED STATES TREASURY 3.125 2,300,000.00 -- 2,290,085.94 95.94 2,206,562.50 2.02% Aaa/AA+ 3.17 08/31/2027 3.22% 2,290,085.94 4.51% 24,023.44 (83,523.44) AA+ 2.94 91282CFZ9 UNITED STATES TREASURY 3.875 450,000.00 12/05/2022 451,406.25 98.10 441,439.45 0.40% Aaa/AA+ 3.42 11/30/2027 3.81% 451,406.25 4.48% 1,476.95 (9,966.80) AA+ 3.15 91282CGC9 UNITED STATES TREASURY 3.875 1,400,000.00 01/25/2023 1,419,359.38 98.08 1,373,148.43 1.26% Aaa/AA+ 3.50 12/31/2027 3.57% 1,419,359.38 4.47% 147.42 (46,210.95) AA+ 3.23 91282CGH8 UNITED STATES TREASURY 3.5 2,200,000.00 02/07/2023 2,169,148.44 96.85 2,130,648.43 1.95% Aaa/AA+ 3.59 01/31/2028 3.81% 2,169,148.44 4.46% 32,153.85 (38,500.01) AA+ 3.27 91282CGP0 UNITED STATES TREASURY 4.0 3,000,000.00 -- 2,995,625.00 98.48 2,954,296.86 2.71% Aaa/AA+ 3.67 02/29/2028 4.03% 2,995,625.00 4.45% 40,108.70 (41,328.14) AA+ 3.33 91282CHA2 UNITED STATES TREASURY 3.5 1,550,000.00 -- 1,543,572.26 96.73 1,499,261.71 1.37% Aaa/AA+ 3.84 04/30/2028 3.59% 1,543,572.26 4.44% 9,139.95 (44,310.55) AA+ 3.52 91282CHE4 UNITED STATES TREASURY 3.625 2,600,000.00 -- 2,551,578.13 97.15 2,525,960.94 2.31% Aaa/AA+ 3.92 05/31/2028 4.05% 2,551,578.13 4.42% 7,982.92 (25,617.19) AA+ 3.59 91282CHQ7 UNITED STATES TREASURY 4.125 950,000.00 08/07/2023 948,923.83 98.94 939,943.36 0.86% Aaa/AA+ 4.08 07/31/2028 4.15% 948,923.83 4.41% 16,364.01 (8,980.47) AA+ 3.66 91282CJF9 UNITED STATES TREASURY 4.875 550,000.00 10/27/2023 552,083.98 101.87 560,269.53 0.51% Aaa/AA+ 4.34 10/31/2028 4.79% 552,083.98 4.40% 4,517.32 8,185.55 AA+ 3.85 91282CJN2 UNITED STATES TREASURY 4.375 600,000.00 12/28/2023 614,625.00 99.98 599,906.25 0.55% Aaa/AA+ 4.42 11/30/2028 3.83% 614,625.00 4.38% 2,223.36 (14,718.75) AA+ 3.96 91282CJR3 UNITED STATES TREASURY 3.75 3,000,000.00 -- 2,949,052.74 97.45 2,923,359.36 2.68% Aaa/AA+ 4.50 12/31/2028 4.14% 2,949,052.74 4.38% 305.71 (25,693.38) AA+ 4.09 91282CJW2 UNITED STATES TREASURY 4.0 3,000,000.00 -- 2,960,214.84 98.46 2,953,828.14 2.70% Aaa/AA+ 4.59 01/31/2029 4.30% 2,960,214.84 4.37% 50,109.89 (6,386.70) AA+ 4.07 91282CKG5 UNITED STATES TREASURY 4.125 3,000,000.00 04/10/2024 2,940,820.31 98.98 2,969,414.07 2.72% Aaa/AA+ 4.75 03/31/2029 4.57% 2,940,820.31 4.36% 31,106.56 28,593.76 AA+ 4.23 91282CKP5 UNITED STATES TREASURY 4.625 2,300,000.00 -- 2,315,736.33 101.15 2,326,414.07 2.13% Aaa/AA+ 4.83 04/30/2029 4.47% 2,315,736.33 4.36% 17,921.88 10,677.74 AA+ 4.27 37,653,874.42 97.11 36,810,224.78 33.71% Aaa/AA+ 3.44
Total US Treasury 37,930,000.00 3.28% 37,653,874.42 4.54% 277,930.67 (843,649.64) AA+ 3.13 47

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 132 of 507

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Portfolio 112,764,974.84 3.25%
111,694,102.06
111,704,184.90

96.42 4.88%
109,203,425.60
667,596.81
100.00%
(2,500,759.31)
Aa2/AA-
AA

2.99 2.59
Total Market Value +
Accrued 109,871,022.41
48

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 133 of 507

HOLDINGS REPORT
City of Indio LAIF | Account #10067 | As of June 30, 2024 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 896,574.05 --

0.00%
896,574.05
896,574.05

1.00 0.00%
896,574.05

0.00 0.98%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 896,574.05 0.00%
896,574.05
896,574.05

1.00 0.00%
896,574.05

0.00 0.98%

0.00 Aaa/AAA
AAA

0.00 0.00
LAIF
90LAIF$00 Local Agency Investment Fund State
Pool
90,318,555.49 --

4.50%
90,318,555.49
90,318,555.49

1.00 4.50%
90,318,555.49

0.00 99.02%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 90,318,555.49 4.50%
90,318,555.49
90,318,555.49

1.00 4.50%
90,318,555.49

0.00 99.02%

0.00 NA/NA
NA

0.00 0.00
Total Portfolio 91,215,129.54 4.46%
91,215,129.54
91,215,129.54

1.00 4.46%
91,215,129.54

0.00 100.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Market Value +
Accrued 91,215,129.54
49

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 134 of 507

HOLDINGS REPORT
City of Indio - 2022 Lease Revenue Bonds - City Hall and Public Safety Financing | Account #10975 | As of June 30, 2024
Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 192,335.89 --

0.00%
192,335.89
192,335.89

1.00 0.00%
192,335.89

0.00 0.29%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 192,335.89 0.00%
192,335.89
192,335.89

1.00 0.00%
192,335.89

0.00 0.29%

0.00 Aaa/AAA
AAA

0.00 0.00

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 46,157,414.34 --

4.92%
46,157,414.34
46,157,414.34

1.00 4.92%
46,157,414.34

0.00 69.10%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money Market
Fund 46,157,414.34 4.92%
46,157,414.34
46,157,414.34

1.00 4.92%
46,157,414.34

0.00 69.10%

0.00 Aaa/
AAAm
AAA

0.00 0.00

US TREASURY
91282CFA4 UNITED STATES TREASURY 3.0
07/31/2024
5,500,000.00 08/19/2022

3.28%
5,471,210.94
5,471,210.94

99.80 5.26%
5,489,151.75
68,901.10

8.22%
17,940.81
Aaa/AA+
AA+

0.08 0.08
9128282U3 UNITED STATES TREASURY 1.875
08/31/2024
4,800,000.00 08/19/2022

3.28%
4,669,500.00
4,669,500.00

99.39 5.48%
4,770,874.99
30,081.52

7.14%
101,374.99
Aaa/AA+
AA+

0.17 0.17
9128282Y5 UNITED STATES TREASURY 2.125
09/30/2024
4,000,000.00 08/19/2022

3.26%
3,908,281.25
3,908,281.25

99.19 5.36%
3,967,578.12
21,366.12

5.94%
59,296.87
Aaa/AA+
AA+

0.25 0.25
9128283D0 UNITED STATES TREASURY 2.25
10/31/2024
2,500,000.00 08/19/2022

3.28%
2,446,093.75
2,446,093.75

98.97 5.38%
2,474,145.50
9,476.90

3.70%
28,051.75
Aaa/AA+
AA+

0.34 0.33
9128283J7 UNITED STATES TREASURY 2.125
11/30/2024
1,500,000.00 08/19/2022

3.29%
1,461,914.06
1,461,914.06

98.72 5.26%
1,480,737.30
2,699.80

2.22%
18,823.24
Aaa/AA+
AA+

0.42 0.41
9128283P3 UNITED STATES TREASURY 2.25
12/31/2024
1,300,000.00 08/19/2022

3.30%
1,269,378.91
1,269,378.91

98.50 5.33%
1,280,474.61

79.48 1.92%
11,095.70
Aaa/AA+
AA+

0.50 0.49
9128283V0 UNITED STATES TREASURY 2.5
01/31/2025
1,000,000.00 08/19/2022

3.30%
981,406.25
981,406.25

98.39 5.32%
983,925.78
10,439.56

1.47%
2,519.53
Aaa/AA+
AA+

0.59 0.56
50

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 135 of 507

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total US Treasury 20,600,000.00 3.28%
20,207,785.16
20,207,785.16

99.26 5.35%
20,446,888.05
143,044.48

30.61%
239,102.89
Aaa/AA+
AA+

0.24 0.24
Total Portfolio 66,949,750.23 4.40%
66,557,535.39
66,557,535.39

31.08 5.04%
66,796,638.28
143,044.48
100.00%
239,102.89
Aaa/AAA
AAA

0.07 0.07
Total Market Value +
Accrued 66,939,682.76
51

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 136 of 507

HOLDINGS REPORT
City of Indio - Debt Service Reserve | Account #10976 | As of June 30, 2024 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 14,386.61 --

0.00%
14,386.61
14,386.61

1.00 0.00%
14,386.61

0.00 0.31%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 14,386.61 0.00%
14,386.61
14,386.61

1.00 0.00%
14,386.61

0.00 0.31%

0.00 Aaa/AAA
AAA

0.00 0.00

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 3,558,797.92 --

4.92%
3,558,797.92
3,558,797.92

1.00 4.92%
3,558,797.92

0.00 77.85%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money Market
Fund 3,558,797.92 4.92%
3,558,797.92
3,558,797.92

1.00 4.92%
3,558,797.92

0.00 77.85%

0.00 Aaa/
AAAm
AAA

0.00 0.00

US TREASURY
91282CFA4 UNITED STATES TREASURY 3.0
07/31/2024
1,000,000.00 08/18/2022

3.24%
995,507.81
995,507.81

99.80 5.26%
998,027.59
12,527.47

21.83%
2,519.78
Aaa/AA+
AA+

0.08 0.08
Total US Treasury 1,000,000.00 3.24%
995,507.81
995,507.81

99.80 5.26%
998,027.59
12,527.47

21.83%
2,519.78
Aaa/AA+
AA+

0.08 0.08
Total Portfolio 4,573,184.53 4.54%
4,568,692.34
4,568,692.34

22.57 4.98%
4,571,212.12
12,527.47
100.00%
2,519.78
Aaa/AAA
AAA

0.02 0.02
Total Market Value +
Accrued 4,583,739.59
52

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HOLDINGS REPORT
City of Indio - Capitalized Interest Fund | Account #10977 | As of June 30, 2024 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 1,722.03 --

0.00%
1,722.03
1,722.03

1.00 0.00%
1,722.03

0.00 0.05%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,722.03 0.00%
1,722.03
1,722.03

1.00 0.00%
1,722.03

0.00 0.05%

0.00 Aaa/AAA
AAA

0.00 0.00

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 425,975.78 --

4.92%
425,975.78
425,975.78

1.00 4.92%
425,975.78

0.00 11.74%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money Market
Fund 425,975.78 4.92%
425,975.78
425,975.78

1.00 4.92%
425,975.78

0.00 11.74%

0.00 Aaa/
AAAm
AAA

0.00 0.00

US TREASURY
9128283D0 UNITED STATES TREASURY 2.25
10/31/2024
1,500,000.00 08/18/2022

3.25%
1,468,359.38
1,468,359.38

98.97 5.38%
1,484,487.30
5,686.14

40.92%
16,127.92
Aaa/AA+
AA+

0.34 0.33
9128284M9 UNITED STATES TREASURY 2.875
04/30/2025
1,500,000.00 08/18/2022

3.27%
1,484,648.44
1,484,648.44

98.12 5.20%
1,471,831.05
7,265.63

40.57%
(12,817.39)
Aaa/AA+
AA+

0.83 0.81
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025
250,000.00 08/18/2022

3.23%
248,281.25
248,281.25

97.47 4.98%
243,681.64
1,263.59

6.72%
(4,599.61)
Aaa/AA+
AA+

1.34 1.28
Total US Treasury 3,250,000.00 3.26%
3,201,289.07
3,201,289.07

98.46 5.27%
3,199,999.99
14,215.35

88.21%
(1,289.08)
Aaa/AA+
AA+

0.64 0.62
Total Portfolio 3,677,697.81 3.45%
3,628,986.88
3,628,986.88

86.97 5.22%
3,627,697.80
14,215.35
100.00%
(1,289.08)
Aaa/AA+
AA+

0.57 0.55
Total Market Value +
Accrued 3,641,913.15
53

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HOLDINGS REPORT
City of Indio - Cons Bond Proceeds | Account #10978 | As of June 30, 2024 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 1,722.03 --

0.00%
1,722.03
1,722.03

1.00 0.00%
1,722.03

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 14,386.61 --

0.00%
14,386.61
14,386.61

1.00 0.00%
14,386.61

0.00 0.02%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 192,335.89 --

0.00%
192,335.89
192,335.89

1.00 0.00%
192,335.89

0.00 0.26%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 208,444.53 0.00%
208,444.53
208,444.53

1.00 0.00%
208,444.53

0.00 0.28%

0.00 Aaa/AAA
AAA

0.00 0.00

MONEY MARKET
FUND
31846V203 FIRST AMER:GVT OBLG Y 425,975.78 --

4.92%
425,975.78
425,975.78

1.00 4.92%
425,975.78

0.00 0.57%

0.00 Aaa/
AAAm
AAA

0.00 0.00
31846V203 FIRST AMER:GVT OBLG Y 3,558,797.92 --

4.92%
3,558,797.92
3,558,797.92

1.00 4.92%
3,558,797.92

0.00 4.75%

0.00 Aaa/
AAAm
AAA

0.00 0.00
31846V203 FIRST AMER:GVT OBLG Y 46,157,414.34 --

4.92%
46,157,414.34
46,157,414.34

1.00 4.92%
46,157,414.34

0.00 61.55%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money Market
Fund 50,142,188.04 4.92%
50,142,188.04
50,142,188.04

1.00 4.92%
50,142,188.04

0.00 66.86%

0.00 Aaa/
AAAm
AAA

0.00 0.00

US TREASURY
91282CFA4 UNITED STATES TREASURY 3.0
07/31/2024
1,000,000.00 08/18/2022

3.24%
995,507.81
995,507.81

99.80 5.26%
998,027.59
12,527.47

1.33%
2,519.78
Aaa/AA+
AA+

0.08 0.08
91282CFA4 UNITED STATES TREASURY 3.0
07/31/2024
5,500,000.00 08/19/2022

3.28%
5,471,210.94
5,471,210.94

99.80 5.26%
5,489,151.75
68,901.10

7.32%
17,940.81
Aaa/AA+
AA+

0.08 0.08
9128282U3 UNITED STATES TREASURY 1.875
08/31/2024
4,800,000.00 08/19/2022

3.28%
4,669,500.00
4,669,500.00

99.39 5.48%
4,770,874.99
30,081.52

6.36%
101,374.99
Aaa/AA+
AA+

0.17 0.17
54

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Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
9128282Y5 UNITED STATES TREASURY 2.125
09/30/2024
4,000,000.00 08/19/2022

3.26%
3,908,281.25
3,908,281.25

99.19 5.36%
3,967,578.12
21,366.12

5.29%
59,296.87
Aaa/AA+
AA+

0.25 0.25
9128283D0 UNITED STATES TREASURY 2.25
10/31/2024
1,500,000.00 08/18/2022

3.25%
1,468,359.38
1,468,359.38

98.97 5.38%
1,484,487.30
5,686.14

1.98%
16,127.92
Aaa/AA+
AA+

0.34 0.33
9128283D0 UNITED STATES TREASURY 2.25
10/31/2024
2,500,000.00 08/19/2022

3.28%
2,446,093.75
2,446,093.75

98.97 5.38%
2,474,145.50
9,476.90

3.30%
28,051.75
Aaa/AA+
AA+

0.34 0.33
9128283J7 UNITED STATES TREASURY 2.125
11/30/2024
1,500,000.00 08/19/2022

3.29%
1,461,914.06
1,461,914.06

98.72 5.26%
1,480,737.30
2,699.80

1.97%
18,823.24
Aaa/AA+
AA+

0.42 0.41
9128283P3 UNITED STATES TREASURY 2.25
12/31/2024
1,300,000.00 08/19/2022

3.30%
1,269,378.91
1,269,378.91

98.50 5.33%
1,280,474.61

79.48 1.71%
11,095.70
Aaa/AA+
AA+

0.50 0.49
9128283V0 UNITED STATES TREASURY 2.5
01/31/2025
1,000,000.00 08/19/2022

3.30%
981,406.25
981,406.25

98.39 5.32%
983,925.78
10,439.56

1.31%
2,519.53
Aaa/AA+
AA+

0.59 0.56
9128284M9 UNITED STATES TREASURY 2.875
04/30/2025
1,500,000.00 08/18/2022

3.27%
1,484,648.44
1,484,648.44

98.12 5.20%
1,471,831.05
7,265.63

1.96%
(12,817.39)
Aaa/AA+
AA+

0.83 0.81
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025
250,000.00 08/18/2022

3.23%
248,281.25
248,281.25

97.47 4.98%
243,681.64
1,263.59

0.32%
(4,599.61)
Aaa/AA+
AA+

1.34 1.28
Total US Treasury 24,850,000.00 3.27%
24,404,582.04
24,404,582.04

99.18 5.34%
24,644,915.63
169,787.31

32.86%
240,333.59
Aaa/AA+
AA+

0.29 0.28
Total Portfolio 75,200,632.57 4.37%
74,755,214.61
74,755,214.61

33.26 5.04%
74,995,548.20
169,787.31
100.00%
240,333.59
Aaa/AAA
AAA

0.09 0.09
Total Market Value +
Accrued 75,165,335.51
55

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TRANSACTIONS
56

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TRANSACTION LEDGER
City of Indio | Account #10043|04/01/2024 Through 06/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/11/2024 91282CKG5 3,000,000.00 UNITED STATES TREASURY 4.125
03/31/2029

98.027 4.57% (2,940,820.31) (3,719.26) (2,944,539.57) 0.00 Purchase 04/16/2024 3137H5YC5 1,000,000.00 FHMS K-748 A2 2.26 01/25/2029

88.848 4.85% (888,476.56) (941.67) (889,418.23) 0.00
Purchase 04/30/2024 91282CJR3 650,000.00 UNITED STATES
TREASURY 3.75
12/31/2028

96.102 4.69% (624,660.16) (8,102.68) (632,762.84) 0.00
Purchase 05/06/2024 91282CKP5 750,000.00 UNITED STATES
TREASURY 4.625
04/30/2029
100.730 4.46% (755,478.52) (565.56) (756,044.08) 0.00
Purchase 05/06/2024 91282CKP5 750,000.00 UNITED STATES
TREASURY 4.625
04/30/2029
100.547 4.50% (754,101.56) (565.56) (754,667.12) 0.00
Purchase 05/16/2024 36269WAD1 395,000.00 GMALT 2024-2 A3 5.39 07/20/2027

99.994 5.39% (394,977.05) 0.00 (394,977.05) 0.00
Purchase 05/21/2024 437930AC4 375,000.00 HONDO-242-A3 5.27 11/20/2028

99.988 5.27% (374,954.44) 0.00 (374,954.44) 0.00
Purchase 05/22/2024 44934FAD7 425,000.00 HALST 24B A3 5.41 05/17/2027

99.997 5.41% (424,988.19) 0.00 (424,988.19) 0.00
Purchase 05/23/2024 58770JAD6 285,000.00 MBALT 2024-A A3 5.32 01/18/2028

99.988 5.32% (284,966.66) 0.00 (284,966.66) 0.00
Purchase 05/23/2024 91282CKP5 800,000.00 UNITED STATES
TREASURY 4.625
04/30/2029
100.770 4.45% (806,156.25) (2,312.50) (808,468.75) 0.00 Purchase 06/04/2024 3137FLMV3 1,500,000.00 FHMS K-090 A2 3.422 02/25/2029

93.680 4.87% (1,405,195.31) (427.75) (1,405,623.06) 0.00 Purchase 06/06/2024 64952WFG3 560,000.00 NEW YORK LIFE
GLOBAL FUNDING 5.0
06/06/2029

99.808 5.04% (558,924.80) 0.00 (558,924.80) 0.00
57

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5.18 02/26/2029

99.985 5.18% (489,925.57) 0.00 (489,925.57) 0.00
Purchase 06/11/2024 24422EXT1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.85 06/11/2029

99.178 5.04% (991,780.00) 0.00 (991,780.00) 0.00
Purchase 06/13/2024 05522RDJ4 555,000.00 BACCT 2024-1 A 4.93 03/15/2029

99.994 0.00% (554,968.87) 0.00 (554,968.87) 0.00
Purchase 06/17/2024 341081GT8 103,000.00 FLORIDA POWER
& LIGHT CO 5.15
06/15/2029
101.373 4.83% (104,414.19) (206.29) (104,620.48) 0.00
Purchase 06/17/2024 341081GT8 104,000.00 FLORIDA POWER
& LIGHT CO 5.15
06/15/2029
101.390 4.82% (105,445.60) (208.29) (105,653.89) 0.00
Purchase 06/17/2024 341081GT8 130,000.00 FLORIDA POWER
& LIGHT CO 5.15
06/15/2029
101.390 4.82% (131,807.00) (260.36) (132,067.36) 0.00
Purchase 06/17/2024 341081GT8 163,000.00 FLORIDA POWER
& LIGHT CO 5.15
06/15/2029
101.390 4.82% (165,265.70) (326.45) (165,592.15) 0.00
Purchase 06/27/2024 05522RDJ4 445,000.00 BACCT 2024-1 A 4.93 03/15/2029
100.086 4.90% (445,382.42) (853.16) (446,235.58) 0.00
Total Purchase 13,480,000.00 (13,202,689.16) (18,489.53) (13,221,178.69) 0.00 TOTAL
ACQUISITIONS 13,480,000.00 (13,202,689.16) (18,489.53) (13,221,178.69) 0.00

DISPOSITIONS
Maturity 06/14/2024 3130A1XJ2 (550,000.00) FEDERAL HOME LOAN BANKS 2.875
06/14/2024
100.000 2.88% 550,000.00 0.00 550,000.00 (23,793.00)
Total Maturity (550,000.00) 550,000.00 0.00 550,000.00 (23,793.00) 58

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97.496 3.38% 1,949,921.88 20,894.81 1,970,816.69 (23,515.62) Sale 04/11/2024 9128283Z1 (400,000.00) UNITED STATES
TREASURY 2.75
02/28/2025

97.898 3.39% 391,593.75 1,255.43 392,849.18 (7,515.63)
Sale 04/11/2024 9128283V0 (300,000.00) UNITED STATES
TREASURY 2.5
01/31/2025

97.871 3.38% 293,613.28 1,462.91 295,076.19 (246.10)
Sale 04/12/2024 9128283Z1 (900,000.00) UNITED STATES
TREASURY 2.75
02/28/2025

97.887 3.39% 880,980.47 2,891.98 883,872.45 (17,015.63) Sale 05/03/2024 91282CEH0 (2,000,000.00) UNITED STATES
TREASURY 2.625
04/15/2025

97.656 3.40% 1,953,125.00 2,581.97 1,955,706.97 (37,871.10) Sale 05/21/2024 9128283Z1 (700,000.00) UNITED STATES
TREASURY 2.75
02/28/2025

98.152 3.39% 687,066.41 4,289.40 691,355.81 (11,375.00) Sale 05/21/2024 89788MAA0 (650,000.00) TRUIST FINANCIAL CORP 1.2 08/05/2025

95.012 1.85% 617,578.00 2,296.67 619,874.67 (18,148.00) Sale 05/31/2024 3137EAEP0 (1,025,000.00) FEDERAL HOME LOAN MORTGAGE CORP 1.5
02/12/2025

97.372 1.52% 998,063.00 4,655.21 1,002,718.21 (26,147.75) Sale 06/04/2024 3137BLAC2 (500,000.00) FHMS K-048 A2 3.284 06/25/2025

97.926 2.49% 489,628.91 136.83 489,765.74 (13,457.03)
Sale 06/05/2024 26442UAA2 (1,060,000.00) DUKE ENERGY
PROGRESS LLC 3.25
08/15/2025

97.686 3.09% 1,035,471.60 10,526.39 1,045,997.99 (29,404.40) Sale 06/10/2024 637432NG6 (667,000.00) NATIONAL

RURAL UTILITIES

COOPERATIVE
FINANCE CORP 3.25
11/01/2025

97.008 3.28% 647,043.36 2,348.40 649,391.76 (19,309.65) 59

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RURAL UTILITIES

COOPERATIVE
FINANCE CORP 3.25
11/01/2025

97.074 3.28% 323,256.42 1,172.44 324,428.86 (9,420.57)
Sale 06/10/2024 3130A1XJ2 (250,000.00) FEDERAL HOME
LOAN BANKS 2.875
06/14/2024

99.970 1.96% 249,925.00 3,513.89 253,438.89 (10,890.00) Total Sale (10,785,000.00) 10,517,267.08 58,026.33 10,575,293.41 (224,316.46) TOTAL
DISPOSITIONS (11,335,000.00) 11,067,267.08 58,026.33 11,125,293.41 (248,109.46) 60

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TRANSACTION LEDGER
City of Indio - 2022 Lease Revenue Bonds - City Hall and Public Safety Financing | Account #10975|04/01/2024 Through 06/30/2024|
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

DISPOSITIONS
Maturity 04/30/2024 91282CEK3 (4,000,000.00) UNITED STATES TREASURY 2.5
04/30/2024
100.000 2.50% 4,000,000.00 0.00 4,000,000.00 51,562.50
Maturity 05/31/2024 91282CER8 (5,000,000.00) UNITED STATES TREASURY 2.5
05/31/2024
100.000 2.50% 5,000,000.00 0.00 5,000,000.00 66,992.19
Maturity 06/14/2024 3130ASHK8 (5,000,000.00) FEDERAL HOME LOAN BANKS 3.125
06/14/2024
100.000 3.13% 5,000,000.00 0.00 5,000,000.00 16,900.00
Total Maturity (14,000,000.00) 14,000,000.00 0.00 14,000,000.00 135,454.69 TOTAL
DISPOSITIONS (14,000,000.00) 14,000,000.00 0.00 14,000,000.00 135,454.69 61

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TRANSACTION LEDGER
City of Indio - Capitalized Interest Fund | Account #10977|04/01/2024 Through 06/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

DISPOSITIONS
Maturity 04/30/2024 91282CEK3 (1,500,000.00) UNITED STATES TREASURY 2.5
04/30/2024
100.000 2.50% 1,500,000.00 0.00 1,500,000.00 18,750.00
Total Maturity (1,500,000.00) 1,500,000.00 0.00 1,500,000.00 18,750.00 TOTAL
DISPOSITIONS (1,500,000.00) 1,500,000.00 0.00 1,500,000.00 18,750.00 62

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 147 of 507

TRANSACTION LEDGER
City of Indio - Cons Bond Proceeds | Account #10978|04/01/2024 Through 06/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

DISPOSITIONS
Maturity 04/30/2024 91282CEK3 (4,000,000.00) UNITED STATES TREASURY 2.5
04/30/2024
100.000 2.50% 4,000,000.00 0.00 4,000,000.00 51,562.50
Maturity 04/30/2024 91282CEK3 (1,500,000.00) UNITED STATES TREASURY 2.5
04/30/2024
100.000 2.50% 1,500,000.00 0.00 1,500,000.00 18,750.00
Maturity 05/31/2024 91282CER8 (5,000,000.00) UNITED STATES TREASURY 2.5
05/31/2024
100.000 2.50% 5,000,000.00 0.00 5,000,000.00 66,992.19
Maturity 06/14/2024 3130ASHK8 (5,000,000.00) FEDERAL HOME LOAN BANKS 3.125
06/14/2024
100.000 3.13% 5,000,000.00 0.00 5,000,000.00 16,900.00
Total Maturity (15,500,000.00) 15,500,000.00 0.00 15,500,000.00 154,204.69 TOTAL
DISPOSITIONS (15,500,000.00) 15,500,000.00 0.00 15,500,000.00 154,204.69 63

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 148 of 507

IMPORTANT DISCLOSURES
City of Indio | Account #10043 | As of June 30, 2024
2024 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively. 64

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 149 of 507

BENCHMARK DISCLOSURES
City of Indio | Account #10043 | As of June 30, 2024
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency Index The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

ICE BofA 1-3 Yr US Treasury Index The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion.

Qualifying securities must have at least 18 months to final maturity at the time of issuance. 65

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Report of investments for the quarter ending June 30, 2024 (Ruby D. Wall...Page 150 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: IWA Warrants from 07.03.24 thru 08.01.24

ATTACHMENTS:

Attachment 1 - IWA Warrants 07.03.24 thru 08.01.24

APPROVAL(S):

Ruby D. Walla, Director of Finance Approved - 12 Aug 2024

AGENDA ITEM #8.4
IWA Warrants from 07.03.24 thru 08.01.24 (Rey Trejo, IWA General Manager... Page 151 of 507 CHECKNUMBERCHECKDATE19336193371933719337193381933919340193411934219343193431934319344193451934619347193471934819348193491934919349193491934919349193491934919349193491935019351193521935319353193531935319353 07/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/2024o7/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/2024 IW AWarrantRegister-Period07/03/24to08/01/24VENDORNUMBERVENDORNAME82266585658565857060857724860369146907690769077071787371023203207050705069816981698169816981698169816981698169812922155470587058705870587058 LABRYPDMAMAZONCAPITALSERVICES,INC.AMAZONCAPITALSERVICES,INC.AMAZONCAPITALSERVICES,INC.ATWORKFRANCHISEINCBRAXCOMPANY ,INCBRINKS,INC.CDWGOVERNMENTCLA-V ALCORE8MAINLPCORE&MAINLPCORE8:MAINLPCORONAENVIRONMENTALCONSULTINGLLCFAULTINEPIGEONCONTROLDATUMPININC.DESERTREDI-MIXDESERTREDI-MIXDRPENGINEERING,INCDRPENGINEERING,INCEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALFERGUSONENTERPRISES,LLC.I!1350GRAINGERGRANITECONSTRUCTIONCOHASA,INC.HASA,INC.HASA,INC.HASA,INC.HASA,INC.

Page1of6
(JRG81067128106715810671581067158106714810671281067148106715810671281067138106713810671381067128106712810671281067138106713812812810671281067128106712810671281067128106712810671281067128106712810671281067138106713810671381067128106712810671281067128106712 ()BJECT523015531060531060531033521064531054521016531060523015531060531054531054521064523015521064531054531054554002554002521064521064521064521064521064521064521064521064521064521064531075531060531054531009531009531009531009531009 FULLACCOUNT810-00-00-6712-000—523015—810—00-00-6715-000-531060-810—00—00-6715-000-531060-810-00—00-6715-000-531033-810-00-00-6714-000-521064—810-00-00-6712-000-531054-810-00—00-6714-000-521016-810-00—00—6715-000—531060-810-00-00-6712—000-523015-810-00-00-6713—000—531060-810-00-00-6713-000-531054-810-00-00—6713-000—531054-810-00-00-6712-000-521064-810-00-00-6712-000-523015-810-00-00—6712-000-521064-810-00-00-6713-000-531054—810-00-00-6713-000—531054-812-00-00-0000-000-554002-812-00-00-0000-000—554002-810-00-00-6712-000521064-810-00-00-6712-000-521064-810-00-00—6712-000—521064-810-00-00—6712—000-521064-810-00-00—6712-000-521064-810-00-00-6712-000-521064-810-00-00-6712-000-521064-810-00-00-6712—000—521064-810-00-00-6712-000-521064-810-00-00-6712-000—521064-810-00-00-6713-000-531075-810-00—00-6713-000—531060-810-00-00—6713-000-531054-81000-006712-000-531009-810-00-00-6712-000-531009-810-00-00-6712-000—531009-810-00-00—6712-000-531009-810-00-00-6712-000-531009- AMOUNT
mmmmmmmmmmmmmmwmmmmmmmmmmmmmmmmmmmmmm
2,200.00152.9976.27188.022,366.171,811.951,712.51214.433,721.6927.57516.90181.8361,663.374,256.003,160.00263.61220.3819,517.5049,378.501,139.009.45106.75106.7518.90183.75236.25236.25672.50498.452,039.06113.44402.34375.78626.30626.30751.56751.56

Page 2 of 7 ends

IWA Warrants from 07.03.24 thru 08.01.24 (Rey Trejo, IWA General Manager...Page 152 of 507 CHECKNUMBERCHECKDATE19353193531935319354193541935419354193551935619357193581935919359193591935919359193591935919359193591935919359193591936019361193611936119361193621936319363193641936419365193661936619367 07/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/2024o7/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/202407/10/2024 IW AWarrantRegister-Period07/03/24to08/01/24VENDORNUMBERVENDORNAME70587058705882638263826382636987694373246982519851985198519851985198519851985198519851985198793469126912691269126976517551754154158503213221327037 HASA,INC.HASA,INC.HASA,INC.HUNTERJOHNSEN,INCHUNTERJOHNSEN,INCHUNTERJOHNSEN,INCHUNTERJOHNSEN,INCLEGENDPUMP8:WELLSERVICEINCLELANDBISHOPMARIPOSALANDSCAPES,INCMCDONALDELECTRIC,INC.NAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSNAPAAUTOPARTSODPBUSINESSSOLUTIONS,LLCPITNEYBOWESPITNEYBOWESPITNEYBOWESPITNEYBOWESRMJTECHNOLOGIESRUDY'STERMITE81PESTCONTROL,INC.RUDY'STERMITE&PESTCONTROL,INC.UNDERGROUNDSERVICEALERTUNDERGROUNDSERVICEALERTKURTHARDINVERIZONWIRELESSVERIZONWIRELESSWHITECAP Page2of6
(JRG810671281067128106712235810671181067112358106712810671181067128106712810671381067138106713810671381067128106712810671281067128106713810671381067258106712810671181067158108106715810810671581067138106713810671381067138106712810671281067158106713 OBJECT531009531009531009205005540027540027205005523015540015523015523015523015531060531060523015523015523015523015531060531072531072555003531054531033524024103045524024103045531018523015523015521068521068523015524006524006531060 FULLACCOUNT810-00-00-6712-000-531009-810-00-00-6712-000-531009—810—00—00—6712—000—531009—235-00—00—0000—000-205005-810-00-00-6711-000-540027-810—00—00-6711-000-540027-235-00-00-0000-000-205005-810—00—00-6712-000—523015-810-00-00-6711-000-540015-810-00-00-6712-000-523015-810-00-00-6712-000-523015-810—00—00-6713-000-523015-810-00-00-6713-000-531060—810-00-00-6713-000-531060-810-00-00-6713-000-523015-810-00-00-6712-000-523015-810-00-00-6712—000-523015-810-00-00-6712-000-523015-810-00-00-6712-000-531060—810-00-00-6713-000-531072-810-00—00-6713-000-531072-810-00-00-6725-000—555003-810-00-00-6712-000-531054-810-00-00-6711-000-531033-810-00-00-6715-000-524024-810-00-00-0000—000-103045-810—00—00-6715-000—524024—810-00-00-0000-000-103045-810-00-00-6715-000-531018—810-00-00-6713-000-523015-810-00—00-6713-000-523015-810-00-00-6713-000-521068-810-00-00-6713-000-521068-810-00-00-6712-000-523015-810-00-00-6712-000—524006-810—00-00-6715-000-524006—810-00-00-6713-000-531060- AMOUNT
mmmmmmmmmmmwmmmmmmmmmmmmmmmmmmmmmmmmm
501.04375.781,002.081,832.93338.92998.795,401.6166,060.0057.425,410.743,790.30619.885.7312.544,126.19595.95893.9342.39374.14(38.23)38.23230.759,261.62480.27718.21179.5522.805.701,186.95250.00250.00241.0079.015,925.00210.832,207.94657.65

Page 3 of 7 ends

IWA Warrants from 07.03.24 thru 08.01.24 (Rey Trejo, IWA General Manager...Page 153 of 507 CHECKNUMBERCHECKDATE19368193691936919370193701937119371193711937119371193721937219373193731937319373193731937319373193731937419375193751937519375193761937619377193781937819378193781937819378193781937819378 07/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/2024 IW AWarrantRegister-Period07/03/24to08/01/24VENDORNUMBERVENDORNAME398765856585706070607600760076007600760060360322322322322322322322322357569476947694769473203208127698169816981698169816981698169816981 AIR&HOSESOURCEINCAMAZONCAPITALSERVICES,INC.AMAZONCAPITALSERVICES,INC.ATWORKFRANCHISEINCATWORKFRANCHISEINCCACONSULTINGSERVICESLLCCACONSULTINGSERVICESLLCCACONSULTINGSERVICESLLCCACONSULTINGSERVICESLLCCACONSULTINGSERVICESLLCCDWGOVERNMENTCDWGOVERNMENTCITYOFINDIOCITYOFINDIOCITYOFINDIOCITYOFINDIOCITYOFINDIOCITYOFINDIOCITYOFINDIOCITYOFINDIOCOACHELLAV ALLEYW ATERCVSTRATEGIESCVSTRATEGIESCVSTRATEGIESCVSTRATEGIESDESERTREDI-MIXDESERTREDI-MIXDYNAMICBUILDINGMAINTENANCEINC.EUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICAL Page3of6
(JRG8106713810671581067158106714810671481067148106716812812812810671581067158106713810671381067138106713810671381067138106713810671381067118106711810671181067118106711810671381067138106712810671281067128106712810671281067128106712810671281067128106712 (JBJECT531054531060531060521064521064521064521064554002554002554002555005531060521068521068521068521068521068521068521068521068521089540027540027540027540027531054531054531027521064521064521064521064521064521064521064521064521064 FULLACCOUNT810-00-00-6713-000-531054-810-00-00-6715-000-531060-810—00-00—6715-000—531060-810-00-00-6714-000-521064-810-00-00-6714-000-521064-810-00—00-6714-000—521064-810-00—00-6716-000-521064-812-00—00-0000-000-554002-812-00-00-0000-000-554002-812-00—00-0000-000—554002-810-0000-6715-000-555005-810-00-00-6715-000—531060—810—00—00—6713-000—521068-810-00-00-6713-000—521068-810-00-00-6713-000-521068-810-00-00-6713-000-521068-810-00-00-6713-000—521068—810-00—00-6713-000-521068-810-00-00-6713-000-521068-810—00-00—6713-000-521068-810-00-00-6711-000-521089-810-00-00-6711-000-540027-810-00—00-6711-000—540027-810-00-00-6711-000-540027—810—00-00-6711-000—540027-810-00-00-6713-000—531054-810-00-00-6713-000—531054-810-00-00-6712-000—531027-810—00-00—6712—000—521064-810-00-00-6712-000-521064-810-00-00-6712-000-521064-810-00-00-6712-000-521064-810-00-00—6712-000—521064-810-00-00-6712-000-521064-810-00-00-6712—000—521064~810—00-00-6712-000—521064-810.00-00-6712-000-521064- AMOUNT765.6032.6094.402,341.561,896.963,150.005,025.00675.00625.00675.001,070.36107.47511.98511.98511.98511.98511.98511.98511.98511.98134,390.104,166.674,166.674,166.674,166.67314.29545.39175.009.4537.80247.25198.4518.9028.35672.50236.25189.00

MMWMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

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IWA Warrants from 07.03.24 thru 08.01.24 (Rey Trejo, IWA General Manager...Page 154 of 507 CHECKNUMBERCHECKDATE19378193781937819378193781937819378193781937919379193791937919380193811938119381193811938119381193811938219383193831938419384193841938419384193841938419384193841938419384193841938419384 07/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/202407/24/2024 IW AWarrantRegister-Period07/03/24to08/01/24VENDORNUMBERVENDORNAME69816981698169816981698169816981292292292292113470587058705870587058705870586993101101403403403403403403403403403403403403403403 EUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALEUROFINSEATONANALYTICALFERGUSONENTERPRISES,LLC.#1350FERGUSONENTERPRISES,LLC.#1350FERGUSONENTERPRISES,LLC.#1350FERGUSONENTERPRISES,LLC.#1350G/MBUSINESSINTERIORSHASA,INC.HASA,INC.HASA,INC.HASA,INC.HASA,INC.HASA,INC.HASA,INC.HAZENANDSAWYER,P.C.HOMEDEPOTCREDITSERVICESHOMEDEPOTCREDITSERVICESIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICT (3RG810671281067128106712810671281067128106712810671281067128106713810671281067128106712810671381067128106712810671281067128106712810671281067128128106712810671281067128106712810671281067128106712810671281067128106712810671281067128106712810671281067128106712Page4of6 (JBJECT521064521064521064521064521064521064521064521064531072531054531054531054554002531009531009531009531009531009531009531009554002531060531054523012523012523012523012523012523012523012523012523012523012523012523012523012523012 FULLACCOUNT810-00-00-6712—000—521064—810-00-006712-000-521064-810-00-00-6712-000-521064-810-00-00-6712-000-521064-810—00-00—6712-000—521064-810-00-00-6712-000-521064—810—00-00—6712-000—521064—810-00-00—6712-000—521064-810-00-00—6713-000—531072-810—00-00-6712-000-531054-810-00-00—6712-000—531054—810-00-00-6712-000-531054-810-00-00-6713-000-554002-810-00—00-6712-000—531009—810-00-00-6712-000-531009-810-00—00-6712-000-531009-810—00—00—6712-000—531009—810-00-00-6712-000-531009-810—00—00-6712-000—531009-810-00-00-6712-000-531009-812-00—00-0000—000—554002-810—00—00-6712—000—531060—810-00-00-6712—000631054-810-00-00-6712-000—523012-810-00-00-6712-000—523012-810-00-00-6712-000-523012—810-00-00-6712-000—523012-810-00-00-6712-000—523012—810-00-00-6712-000-523012-810-00-00-6712-000-523012-810-00-00-6712-000—523012-810-00-00-6712-000-523012—810-00-00-6712-000-523012-810-00-00-6712-000—523012—810—00-00-6712-000—523012—810-00-00-6712-000-523012-810-00-00-6712-000-523012- AMOUNT
(II-mmmmmmmmmmwmmmmmmmmmmmmmmmmmmmmmmmmm

94.50236.259.45436.25236.25472.509.45992.2566.4176.6043.6027.04806.75628.28138.22630.79696.13748.91590.58376.97368.7573.821,309.34184.3515.8616.6710,032.0915,717.4512.3423,946.653,311.3620,922.691,377.794,708.653,303.623,486.68692.73

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IWA Warrants from 07.03.24 thru 08.01.24 (Rey Trejo, IWA General Manager...Page 155 of 507 CHECKNUMBERCHECKDATE1938407/24/20241938407/24/20241938407/24/20241938407/24/20241938407/24/202419384o7/24/20241938407/24/20241938407/24/20241938507/24/20241938607/24/20241938607/24/20241938607/24/20241938707/24/20241938807/24/20241938907/24/20241939007/24/20241939007/24/20241939107/24/20241939207/24/20241939207/24/20241939307/24/20241939407/24/20241939407/24/202419395o7/24/20241939607/24/20241939607/24/20241939607/24/20241939707/24/20241939807/24/20241939907/24/20241940007/24/20241940107/24/20241940207/24/20241940307/24/20241940407/24/20241940507/24/20241940607/24/2024 IW AWarrantRegister-Period07/03/24to08/01/24VENDORNUMBERVENDORNAME4034034034034034034034032125698269826982690269026902695269526952519851987934694069406959699769976997264264264264264264264264153778 IMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTIMPERIALIRRIGATIONDISTRICTINFOSEND,INC.MCDONALDELECTRIC,INC.MCDONALDELECTRIC,INC.MCDONALDELECTRIC,INC.CALLEJAS,MARIAVEIDMAN,SOPHIATERESAUNIVERSALCONSTRUCTIONJULIACORTINAJULIACORTINALUCYSEXTONNAPAAUTOPARTSNAPAAUTOPARTSODPBUSINESSSOLUTIONS,LLCPETTYCASHIER-IW APETTYCASHIER-IW ARENATOORTIZSIERRACONTROLS,LLCSIERRACONTROLS,LLCSIERRACONTROLS,LLCSOUTHCOASTAIRQUALITYMANAGEMENTSOUTHCOASTAIRQUALITYMANAGEMENTSOUTHCOASTAIRQUALITYMANAGEMENTSOUTHCOASTAIRQUALITYMANAGEMENTSOUTHCOASTAIRQUALITYMANAGEMENTSOUTHCOASTAIRQUALITYMANAGEMENTSOUTHCOASTAIRQUALITYMANAGEMENTSOUTHCOASTAIRQUALITYMANAGEMENTSTATEW ATERRESOURCESCONTROLBOARDTOPSNBARRICADESPage5of6 (JRG810671281067128106712810671281067128106712810671281067128106714810671281067128106712810810810810671181067118106711810671581067158106711810671181067118106711810671281067128106712810671281067128106712810671281067128106712810671281067128108106713 ()BJECT523012523012523012523012523012523012523012523012521064523015523015523015210060210060210060521032521032521032523015523015531033540015540027524028521064521064521064521068521068521068521068521068521068521068521068208124524024 FULLACCOUNT810-00-00-6712-000—523012-810-00-00-6712-000—523012-810-00-00-6712-000—523012-810-00-00-6712-000-523012-810-00-00-6712-000—523012-810-00-00-6712-000-523012-810-00—00—6712-000—523012-810-00-00—6712—000—523012-810-00—00—6714—000—521064-810—00—00-6712-000-523015-810-00-00-6712-000—523015-810-00—00—6712-000—523015-810-00—00-0000-000-210060-810-00-00-0000-000-210060-810-00-00-0000-000-210060-810-00-00-6711-000-521032—810-00-00-6711—000—521032-810-00-00-6711-000-521032-810-00—00—6715-000—523015-810-00-00-6715-000-523015—810-00—00-6711-000—531033-810-00—00—6711—000—540015-810-00-00-6711-000-540027-810-00-00-6711-000—524028-810-00-00-6712-000-521064—810-00—00—6712—000—521064-810—00-00-6712-000-521064-810-00-00-6712-000—521068—810-00-00-6712-000-521068-810-00-00-6712-000-521068-810—00-00—6712-000-521068-810-00-00—6712-000-521068-810-00—00—6712-000—521068-810—00—00-6712-000-521068-810-00-00-6712-000—521068-810-00-00-0000-000-208124-810-00-00-6713-000-524024- AMOUNT40,122.5731,366.77269.70891.8423,156.4730,895.322,088.371,422.98548.60618.14173.00885.901,208.9394.80571.42193.511,916.00300.0089.6110.88136.73310.5650.00103.1620,840.0090.0090.00169.90169.90169.90169.90169.90169.90169.90169.901,380.72672.35 mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm

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IWA Warrants from 07.03.24 thru 08.01.24 (Rey Trejo, IWA General Manager...Page 156 of 507 IW AWarrantRegister-Period07/03/24to08/01/24
CHECKNUMBERCHECKDATEVENDORNUMBERVENDORNAME ORGOBJECTFULLACCOUNTAMOUNT19406 07/24/202478 TOPSNBARRICADES 8106713524024810-00-00-6713-000-524024-$ 50.4019407 07/24/2024305 UNITEDW AYOFTHEDESERT 8106714540027810~00-00-6714-000-540027-S5,000.0019408 07/24/20242979 V ALLEVSANITARYDISTRICT 855 521064855-00-00'0000-000-521064-56,390.6019409 07/24/20247037 WHITECAP 8106713531060810'00-00-6713-000-531060-5 92.0419409 07/24/20247037 WHITECAP 8106713531057810—00—006713~OOO-531057-5 31.3119409 07/24/20247037 WHITECAP 8106713531057810-00-00-6713-000-531057»5 125.6119409 07/24/20247037 WHITECAP 8106713531057810‘00-00-6713000—531057-3 265.5619409 07/24/20247037 WHITECAP 8106713531054810-00-00-6713-000531054-5 33.09 Toxal $719,800.08
MMAppravedby: ReymundoTrejo 8/1/2024GeneralManager
Page6of6

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IWA Warrants from 07.03.24 thru 08.01.24 (Rey Trejo, IWA General Manager...Page 157 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: Resolution No. 10465 to authorize the United States Department of Interior, Bureau of Reclamation (USBR) WaterSMART program Application for the Indio Water Authority Chromium 6 Treatment Strategic Plan and authorize the USBR the for Representative Director the as Executive Authorized WaterSMART program application.

RECOMMENDATION:

Adopt Resolution No. 10465 to authorize the United States Department of Interior, Bureau of Reclamation (USBR) WaterSMART program Application for the Indio Water Authority Chromium 6 Treatment Strategic Plan; and authorize the Executive Director as the Authorized Representative for the for the USBR WaterSMART program application.

SUMMARY:

The State Water Resources Control Board (SWRCB) released the maximum contaminant level for Chromium 6 earlier this year, and staff has been working with a consultant to proactively identify grant and loan funding programs to support Chromium 6 treatment projects. The consultant has identified the USBR Water SMART Program as a funding source. Staff recommends the Board adopt the Resolution, which designates the Executive Director as the Authorized Representative, who will have the authority to sign and submit the USBR WaterSMART application materials, certify compliance with applicable state and federal laws, execute the financial assistance agreement and amendments, and certify disbursement requests.

BACKGROUND INFORMATION:

Chromium-6, also known as Cr-6 and hexavalent chromium, is a natural element that occurs in groundwater in the Coachella Valley and elsewhere due to the erosion of natural deposits. The Maximum Contaminant Level (MCL) for Chromium-6 levels was changed from 50 parts per billion (ppb) to 10 ppb by the SWRCB on April 17, 2024; the new MCL level is more stringent than the World Health Organization and Environmental Protection Agency levels. On April 17, 2024, the SWRCB adopted a more stringent MCL of 10 parts per billion (ppb) for Cr-6 in drinking water. The regulation applies to all water suppliers.

Staff efforts have been underway for the past two years laying out a strategic roadmap, which includes project phasing and financial planning coordination. Staff has updated its LongRange Finance Plan and was presented to the Board during its June 19, 2024 study session.

AGENDA ITEM #8.5
Resolution No. 10465 authorizing the United States Department of Interio... Page 158 of 507 On October 17, 2023, IWA staff submitted a grant application for the WaterSMART program. The grant is administered by the United States Department of the Interior, Bureau of Reclamation. On April 23, 2024, IWA staff received notice from the USBR that IWA’s Cr6 Treatment Strategic Plan grant application for $400,000 was among those receiving the highest ratings and is now being considered for award of a financial assistance agreement.

The funding request is for a total of $400,000 from the USBR grant and for $9,835.69 from IWA funds.

FINANCIAL SUMMARY:

Current FY Financial
Impact:

N/A In current year budget: N/A
Current FY General
Fund Impact:

N/A Budget adjustment: N/A
Next FY Financial
Impact:

N/A Strategic Objective: Financial &
Environmental
Sustainability
Source of funds: 812 Fund-Org-Object
Reference:

N/A

Additional Financial Details:

N/A

ALTERNATIVES:

To not complete the grant application resolution.

ATTACHMENTS:

Attachment 1 - Resolution No. 10465 - Chromium 6 Funding Final from Legal

APPROVAL(S):

Reymundo Trejo, P.E., IWA General Manager Approved - 14 Aug 2024 Jennifer A. Mizrahi, Assistant City Attorney Approved - 14 Aug 2024 Ruby D. Walla, Director of Finance Approved - 14 Aug 2024 Bryan H. Montgomery, City Manager Approved - 14 Aug 2024

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Resolution No. 10465 authorizing the United States Department of Interio... Page 159 of 507

1 RESOLUTION NO. 10465

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF INDIO
(“CITY”) AND THE INDIO WATER AUTHORITY (“IWA”) AUTHORIZING

THE WATERSMART GRANT APPLICATION FOR THE INDIO WATER
AUTHORITY CHROMIUM 6 TREATMENT STRATEGIC PLAN ; AND

AUTHORIZE THE EXECUTIVE DIRECTOR AS THE AUTHORIZED

REPRESENTATIVE FOR THE CITY AND THE IWA TO WORK WITH THE

UNITED STATES DEP ARTMENT OF THE INTERIOR, BUREAU OF

RECLAMATION WATERSMART PROGRAM GRANT APPLICATION

WHEREAS, the City of Indio (“City”) through the Indio Water Authority proposes to implement the Chromium-6 Treatment Strategic Plan; and,

WHEREAS, the City and the IWA have the legal authority, and are authorized to enter into a funding agreement with the United States Department of the Interior, Bureau of Reclamation (USBR); and,

WHEREAS, the City and/or the IWA intend to apply for grant funding from the USBR for the Chromium-6 Treatment Strategic Plan; and,

WHEREAS, the City and the IWA authorize the Executive Director, or designee as the Authorized Representative to act on behalf of the City and IWA to work with the USBR WaterSMART grant program.

NOW, THEREFORE, THE CITY COUNCIL AND THE IND IO WATER

AUTHORITY BOARD DO HEREBY RESOLVE, DECLARE, DETERMINE AND ORDER AS FOLLOWS:

Section 1. The above recitals, and each of them, are true and correct.

Section 2. That pursuant and subject to all of the terms and provisions of Budget Act of 2021 (Stats. 2021, ch. 240, § 80) as amended (Stats. 2022, ch. 44, § 25), the City Manager/IWA Executive Director, or designee is hereby authorized and directed to prepare and file an application for funding with the United States Department of the Interior, Bureau of Reclamation and take such other actions necessary or appropriate to obtain funding.

Section 3. The City Manager/IWA Executive Director, or designee is hereby authorized and directed to sign and file, for and on behalf of the City and/or the IWA, a Financial Assistance Application for a financing agreement from the United States Department of the Interior, Bureau of Reclamation for the Chromium-6 Treatment Strategic Plan (the “Project”).

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Resolution No. 10465 authorizing the United States Department of Interio... Page 160 of 507

2 Section 4. This City Manager/IWA Executive Director, or his/her designee, is designated to provide the assurances, certifications, and commitments required for the financial assistance application, including executing a financial assistance agreement from the United States Department of the Interior, Bureau of Reclamation and any amendments or changes thereto.

Section 5. The City Manager/IWA Executive Director, or his/her designee, is designated to represent the City in carrying out the City’s responsibilities under the financing agreement, including certifying disbursement requests on behalf of the City and compliance with applicable state and federal laws.

Section 6. This Resolution shall become effective upon date of adoption.

Section 7. The City Clerk and Board Secretary shall certify to the adoption of this resolution.

PASSED, APPROVED AND ADOPTED this 21st day of August 2024.

__________________________

LUPE RAMOS AMITH

MAYOR/PRESIDENT

ATTEST:

_______________________________

SABDI SANCHEZ, CMC

CITY CLERK ADMINISTRATOR/SECRETARY

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Resolution No. 10465 authorizing the United States Department of Interio... Page 161 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: CA with Agreement Services the Professional 3 No. Amendment to Consulting Services, LLC for additional amount of $400,000 for engineering technical advisory and program management support services to implement the approved Capital Improvement Program, programming related support, and update Water Operations standard operating procedures (SOPs)

RECOMMENDATION:

That the City Council/IWA Board approve Amendment No. 3 to the existing Professional Services Agreement with CA Consulting Services, LLC for additional amount of $400,000 for engineering technical advisory and program management support services to IWA with the implementation of the Capital Improvement Program, water rate study and federal funding, as well as the update of Water Operations standard operating procedures (SOPs).

SUMMARY:

The adopted IWA’s Capital Improvement Program includes several technical water infrastructure projects support implementation. effective to qualified technical highly requiring expertise Additionally, program management support is needed for the water rate study and identifying how IWA can best leverage federal funding, such as from the Federal Emergency Management Agency (FEMA), to support water infrastructure projects. The IWA Water Operations team plans to update standard operating procedures (SOPs) to ensure efficiency and uniformity of performance. IWA recommends approval of the proposed amendment to provide the technical resources to continue to support these key areas for successful implementation.

BACKGROUND INFORMATION:

The adopted IWA’s Capital Improvement Program (CIP) includes several technical water effective support to expertise technical qualified requiring projects infrastructure highly implementation. Additionally, program management support is needed for the water rate study and identifying how IWA can best leverage federal funding for water infrastructure projects. The IWA Water Operations plans to update its standard operating procedures to ensure efficiency and uniformity of performance. By amending the contract, the consultant will support the IWA team with the following key projects:

 Technical review of preliminary design of Chromium 6 treatment facilities (CIP total $100 Million).
 Project management of consultant developing design plans of the Westward Ho directional drilling of pipeline across the storm channel (CIP total $3.0 Million).

AGENDA ITEM #8.6
Amendment No. 3 to the Professional Services Agreement with CA Consultin... Page 162 of 507  Constructability review and multi-phase design review of Plant 2 pump station and reservoir upgrades (CIP total $5.0 Million).
 Program management for water rate study implementation.  Program management support for federal funding to support water infrastructure projects.  Update water operations-related standard operating procedures (SOPs), including backflow procedures.
 Review two well rehabilitation design packages (CIP total $600K) and provide technical support during construction.
 Conduct Fire Flow modeling analysis for new development.  Continue to provide backflow certification for IWA.

On April 12, 2021, the IWA issued a request for proposals to provide technical advisory and program management support services. IWA received three proposals. IWA formed an expert evaluation committee consisting of representatives from the following agencies:

 Indio Water Authority
 Coachella Valley Water District
 Desert Recreation District

The evaluation committee reviewed all three proposals and evaluated each based on qualifications criteria. CA Consulting Services, LLC was rated as the most qualified firm to provide services with licensed Staff professionals. (D5) certified 5 Operator Distribution Water and engineers recommends approval of the proposed Amendment No. 3 to provide the technical resources to continue Capital the of implementation effective and staff the with IWA supporting timely Improvement Program, programming related support, as well as support updates to the Water Operations standard operating procedures (SOPs).

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$400,000 In current year budget: Yes
Current FY General
Fund Impact:

N/A Budget adjustment: No
Next FY Financial
Impact:

N/A Strategic Objective: Community Infrastructure
Source of funds: 812 - Water Capital Program Fund-Org-Object Reference:
812-554002

Additional Financial Details:

Funds are budgeted in Fiscal Year 2024-2025 Water Capital Program, Account Number 812- 554002 for this expense

ALTERNATIVES:

None

ATTACHMENTS:

Attachment 1 - Amendment No. 3 to PSA CA Consulting Services LLC

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Amendment No. 3 to the Professional Services Agreement with CA Consultin... Page 163 of 507 APPROVAL(S):

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Amendment No. 3 to the Professional Services Agreement with CA Consultin... Page 164 of 507

00091753.1

AMENDMENT NO. 3 TO

AGREEMENT

BY AND BETWEEN

THE INDIO WATER AUTHORITY,

A JOINT POWERS AUTHORITY

AND

CA CONSULTING SERVICES, LLC

A LIMITED LIABILITY COMPANY

DATED: AUGUST 21, 2024

Form Approved 2/17/2023

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Amendment No. 3 to the Professional Services Agreement with CA Consultin... Page 165 of 507

00091753.1 Page | 1

AMENDMENT NO. 3TO AGREEMENT

This Amendment No. 3 to the Agreement for Professional Services for engineering technical advisory and program management support services to implement the approved Capital Improvement Program is made and entered into as of this 21st day of August, 2024, by and between the Indio Water Authority (“Authority”), a joint powers authority and CA Consulting Services, LLC, a limited liability company (“Consultant”). Authority and Consultant are sometimes hereinafter referred to as “Party” and hereinafter collectively referred to as the “Parties.”

RECITALS
A. Authority and Consultant entered into an agreement entitled Agreement for Professional Services dated May 19 th, 2021 (“Agreement”) for the purpose of retaining services of Consultant to provide engineering technical advisory and program management support services to implement the approved Capital Improvement Program.

B. On June 15 th, 2022 Authority and Consultant amended the Agreement with Amendment No. 1 to increase the compensation for an additional $160,000 for a total Not to Exceed amount of $280,000.

C. On October 4, 2023 Authority and Consultant amended the Agreement with Amendment No. 2 to increase the compensation for an additional $180,000 for a total Not to Exceed compensation amount of $460,000.

D. Pursuant to Section 20 of the Agreement, the Parties desire to amend the Agreement to increase the not-to exceed compensation amount.

E. This Amendment amends Section 4(a) of the Agreement to increase the compensation by an additional $400,000 for a total Not to Exceed Amount to $860,000.

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

1. AMENDMENT. The Agreement is hereby modified and amended as follows:

1.1 [COMPENSATION]. Section 4(a) of the Agreement is hereby amended to increase the Not to Exceed Amount to $860,000.

2. MANDATORY INVOICE INFORMATION/NOTICES.

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Amendment No. 3 to the Professional Services Agreement with CA Consultin... Page 166 of 507

00091753.1 Page | 2

to Exceed Amount specified herein. As part of the notification, the Consultant shall provide the Authority with a revised estimate of the total cost of performing this Agreement.

On invoices submitted to the Authority, Consultant shall identify at the top of the first page, the Agreement’s not to exceed amount , the total amount billed to date, the services rendered during the billing period, and the amount due for the statement invoice for which reimbursement is sought in the statement invoice.

3. REMAINDER UNCHANGED. Except as specifically modified and amended in this Amendment, the Agreement remains in full force and effect and binding upon the Parties.

4. INTEGRATION. This Amendment consists of pages 1 through 3 inclusive, which constitute the entire understanding and agreement of the Parties and supersedes all negotiations or previous agreements, including written or verbal communications between the Parties with respect to all or any part of the transaction discussed in this Amendment.

5. SEVERABILITY. If any portion of this Amendment is declared invalid, illegal or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.

6. EFFECTIVE DATE. This Amendment shall not become effective until the date it has been executed by the appropriate authorities of the Authority and Consultant.

7. APPLICABLE LAW. The laws of the State of California shall govern the interpretation and enforcement of this Amendment.

[SIGNATURE PAGE FOLLOWS]

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Amendment No. 3 to the Professional Services Agreement with CA Consultin... Page 167 of 507

00091753.1 Page | 3

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

INDIO WATER AUTHORITY
___________________________
Bryan H. Montgomery
Executive Director
ATTEST:

SECRETARY
By: ___________________________
Sabdi Sanchez, CMC
City Clerk Administrator
APPROVED AS TO FORM:

AUTHORITY GENERAL COUNSEL
By: ____________________________
Steven Graham

CONSULTANT

CA CONSULTING SERVICES, LLC

By:

Angel F. Castellanos
President

Page 7 of 7 ends

Amendment No. 3 to the Professional Services Agreement with CA Consultin... Page 168 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Reymundo Trejo, P.E., IWA General Manager
Subject: Amendment No. 3 to the Professional Services Agreement with DRP professional for $600,000 amount of for Inc. Engineering, additional construction engineering services, new treatment facility constructability reviews, and construction management support services to implement the approved Capital Improvement Program and Chromium 6 Program

RECOMMENDATION:

That the City Council/IWA Board approve Amendment No. 3 to the existing Professional Services Agreement of professional for $600,000 amount DRP for Inc. Engineering, with additional and construction engineering services, treatment facility constructability reviews, construction management support services to implement the approved Capital Improvement Program and Chromium 6 Program.

SUMMARY:

The adopted IWA’s Capital Improvement Program includes several technical water infrastructure projects requiring highly qualified technical expertise to support effective implementation during design a announced recently Drinking of Water the Additionally, construction. and Division Chromium 6 maximum contaminant level that requires a high degree of analysis by experienced industry technical experts for compliance and to address this item. IWA recommends approval of the proposed amendment to provide the professional construction engineering services to continue supporting these key Capital Improvement areas for successful implementation.

BACKGROUND INFORMATION:

The recently adopted IWA’s Capital Improvement Program includes several technical water to effective support engineers professional highly requiring projects infrastructure qualified implementation. Additionally, the Division of Drinking Water will develop a Chromium 6 and PFAS maximum contaminant level that requires a high degree of treatment facility reviews by experienced industry the support will consultants the amending IWA’s By experts. technical contract, Engineering Department with the following key projects:

 Construction Management Support for Ave 50th 18-inch pipeline.  Constructability Review of a Chromium 6 Treatment Facility at Plant 3, Well 3A, Well 3B, Well 3C, and Well BB
 Constructability Review of the Plant 2 Pump Station and Reservoir Replacement Project.

AGENDA ITEM #8.7
Amendment No. 3 to the Professional Services Agreement with DRP Engineer... Page 169 of 507 On April 12, 2021, IWA issued a request for proposals to provide professional construction management support services for water distribution facilities. IWA received four (4) proposals. IWA formed an expert evaluation committee consisting of representatives from the following agencies:

 Indio Water Authority
 Coachella Valley Water District
 Desert Recreation District

based-on evaluated and proposals (4) each all reviewed committee evaluation The four qualifications criteria. DRP Engineering, Inc. was rated as the most qualified firm to provide the services with licensed engineers, advanced treatment construction experience, and construction management professionals. Due to timely and effective support services rendered by this firm, staff recommends approval of the proposed Amendment No. 3 to provide professional engineering services to continue supporting IWA staff with the timely and effective implementation of the Capital Improvement Program.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$600,000 In current year budget: Yes
Current FY General
Fund Impact:

N/A Budget adjustment: No
Next FY Financial
Impact:

N/A Strategic Objective: Community Infrastructure
Source of funds: Water Capital Program Fund-Org-Object Reference:
812-554002

Additional Financial Details:

Funds are budgeted in Fiscal Year 2024-2025 Water Capital Program, Account Number 812- 554002.

ALTERNATIVES:

None

ATTACHMENTS:

Attachment 1 - Amendment No. 3 to PSA DRP Engineering Inc

APPROVAL(S):

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Amendment No. 3 to the Professional Services Agreement with DRP Engineer... Page 170 of 507 00091753.1

AMENDMENT NO. 3 TO

AGREEMENT

BY AND BETWEEN

THE INDIO WATER AUTHORITY,

A JOINT POWERS AUTHORITY

AND

DRP ENGINEERING, INC

A CALIFORNIA INCORPORATED COMPANY

DATED: AUGUST 21, 2024

Form Approved 2/17/2023

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AMENDMENT NO. 3 TO AGREEMENT

This Amendment No. 3 to the Agreement for Professional Services for consulting services providing technical support during the construction of the Miles Avenue Pipeline Project is made and entered into as of this 21st day of August, 2024, by and between the Indio Water Authority (“Authority”), a joint powers authority and DRP Engineering Inc., a California incorporated company (“Consultant”). Authority and Consultant are sometimes hereinafter referred to as “Party” and hereinafter collectively referred to as the “Parties.”

RECITALS
A. Authority and Consultant entered into an agreement entitled Agreement for Professional Services dated May 19, 2021 (“Agreement”) for the purpose of retaining services of Consultant to provide technical support during the construction of the Miles Avenue Pipeline Project .

B. On September 21, 2022 Authority and Consultant amended the Agreement with Amendment No. 1 to include professional construction engineering services, new treatment facility constructability reviews, and construction management support service to implement the approved Capital Improvement Program and Chromium 6 Program and to increase the compensation for an additional $150,000 for a total Not to Exceed amount of $230,000.

C. On October 4, 2023 Authority and Consultant amended the Agreement with Amendment No. 2 to increase the compensation by an additional $180,000 for a total Not to Exceed Amount to $410,000 and amended Exhibit B of the Agreement to include a rate and classification rate schedule for services performed on or after October 4, 2023.

D. Pursuant to Section 20 of the Agreement, the Parties desire to amend the Agreement to increase the not-to exceed compensation amount.

E. This Amendment amends Section 4(a) of the Agreement to increase the compensation by an additional $600,000 for a total Not to Exceed Amount to $1,010,000.

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

1. AMENDMENT. The Agreement is hereby modified and amended as follows:

1.1 [COMPENSATION]. Section 4(a) of the Agreement is hereby amended to increase the Not to Exceed Amount to $1,010,000.

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2. MANDATORY INVOICE INFORMATION/NOTICES.

Consultant shall notify the Authority in writing whenever it has reason to believe that the costs the Consultant expects to incur under this Agreement in the following sixty (60) days, when added to all costs previously incurred, will exceed eighty percent (80%) of the Not to Exceed Amount specified herein. As part of the notification, the Consultant shall provide the Authority with a revised estimate of the total cost of performing this Agreement.

On invoices submitted to the Authority, Consultant shall identify at the top of the first page, the Agreement’s not to exceed amount, the total amount billed to date, the services rendered during the billing period, and the amount due for the statement invoice for which reimbursement is sought in the statement invoice.

3. REMAINDER UNCHANGED. Except as specifically modified and amended in this Amendment, the Agreement remains in full force and effect and binding upon the Parties.

6. EFFECTIVE DATE. This Amendment shall not become effective until the date it has been executed by the appropriate authorities of the Authority and Consultant.

7. APPLICABLE LAW. The laws of the State of California shall govern the interpretation and enforcement of this Amendment.

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

INDIO WATER AUTHORITY

___________________________
Bryan H. Montgomery
Executive Director
ATTEST:

SECRETARY
By: ___________________________
Sabdi Sanchez, CMC
City Clerk Administrator
APPROVED AS TO FORM:

AUTHORITY GENERAL COUNSEL
By: ____________________________
Steven Graham

CONSULTANT
DRP ENGINEERING, INC.

By:

Saik-Choon Poh
President

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Amendment No. 3 to the Professional Services Agreement with DRP Engineer... Page 174 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Bryan H. Montgomery, City Manager
Subject: Amendment No. 2 to the Professional Services Agreement between the City and Tilden-Coil Constructors to increase the contract amount by $86,991.81 which includes the final cost of security cameras for the construction site of the Public Safety Campus.

RECOMMENDATION:

Approve Amendment No. 2 to the Professional Services Agreement between the City and Tilden- Coil Constructors which includes the final cost of $86,991.81 for the purchase of security cameras for the construction site of the Public Safety Campus.

SUMMARY:
this Amendment adds a Change Order fee of $86,991.81 for the purchase of security cameras added to the Public Safety Campus Project Site for a total contract amount of $3,635,820.81.

BACKGROUND INFORMATION:

In June 16, 2021 the City entered into an agreement with Tilden-Coil Constructors for the pre- construction management services to assist in planning, executing, and overseeing the pre- construction activities for the Public Safety Campus. Given the complexity of essential service facilities, such as police and fire stations, the City prioritized consultants with substantial experience in the management, planning, design, and construction of similar facilities.

The agreement was amended on March 24, 2022, to encompass the full scope of construction services. Tilden-Coil Constructors has since represented the City in all matters related to the evaluation, development, and definition of scope and schedule, ensuring that the functions and facilities of the Public Safety Campus meet the City's high standards.

As the project nears completion, City staff recommends the approval of Amendment No. 2. This amendment includes authorization for the purchase of security cameras for the project site, as well as the processing of the final invoice, ensuring all remaining project requirements are met.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$86,991.81 In current year budget: Yes
Current FY General
Fund Impact:

Budget adjustment:

AGENDA ITEM #8.8
Amendment No. 2 to the Professional Services Agreement between the City ... Page 175 of 507 Next FY Financial
Impact:

Strategic Objective: Public Safety
Source of funds: Fund-Org-Object
Reference:
2022 Lease Revenue
Bonds 331-553005

ATTACHMENTS:

Attachment 1 - Amendment No. 2 Tilden Coil - Security Cameras Change Order

APPROVAL(S):

Jennifer A. Mizrahi, Assistant City Attorney Approved - 13 Aug 2024 Ruby D. Walla, Director of Finance Approved - 13 Aug 2024 Bryan H. Montgomery, City Manager Approved - 13 Aug 2024

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NO. 2 AMENDMENT TO

AGREEMENT

BY AND BETWEEN

THE CITY OF INDIO

A CALIFORNIA MUNICIPAL CORPORATION
AND
TILDEN-COIL CONSTRUCTORS, INC.

CONSULTANT
DATED: AUGUST 21, 2024
Form Approved 2/17/2023
NO. 2 AMENDMENT TO AGREEMENT

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This Amendment to the Professional Services Agreement between the City of Indio and Tilden- Coil Constructors for the purchase of security cameras for the Public Safety Campus Project is made and entered into as of this 21 st day of August 2024, by and between the City of Indio (“City”), a California municipal corporation and Tilden-Coil Constructors, (“Consultant”).

RECITALS
A. City and Consultant entered into an agreement entitled “Professional Services Agreement between the City of Indio and Tilden-Coil Constructors” dated June 16, 2021 (“Agreement”) for the purpose of retaining services of consultant to provide Pre- Construction Services for the Public Safety Campus Project.

B. On March 24, 2022, the City and Consultant executed Amendment No. 1 to the Agreement to include the full scope of Construction Management services for the Public Safety Campus Project, increasing the contract amount by $3,470,829.

C. Pursuant to Section 1 of the Agreement, the Parties desire to amend the Agreement to extend term and increase the not-to exceed compensation amount.

D. Section 1 of the Agreement provides that the Term of the Agreement is for 36 months.

E. This Amendment amends Section 1 of the Agreement to provide that the Term of the Agreement is extended for 42 months.

F. Section 3(a) of the Agreement provides that the Compensation shall not exceed $78,000.

G. This Amendment amends Section 3(a) to provide that the Compensation shall not exceed $3,635,820.81 inclusive of $86,991.81 for final costs of security cameras for the project site.

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

1.AMENDMENT. The Agreement is hereby modified and amended as follows:

1.1 [TERM OF AGREEMENT]. Section 1 of the Agreement is hereby amended as follows:

Subject to the provisions of Section 14 “Termination of Agreement,” the Term of this Agreement is from the Effective Date until the services are completed, but in no event later than 42 months after the Effective Date.

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1.1 [COMPENSATION]. Section 3(a) of the Agreement is hereby amended to increase the Not to Exceed Amount to $3,635,820.81.

2.MANDATORY INVOICE INFORMATION/NOTICES.

Consultant shall notify the City in writing whenever it has reason to believe that the costs the Consultant expects to incur under this Agreement in the following sixty (60) days, when added to all costs previously incurred, will exceed eighty percent (80%) of the Not to Exceed Amount specified herein. As part of the notification, the Consultant shall provide the City with a revised estimate of the total cost of performing this Agreement.

On invoices submitted to the City, Consultant shall identify at the top of the first page, the Agreement’s not to exceed amount, the total amount billed to date, the services rendered during the billing period, and the amount due for the statement invoice for which reimbursement is sought in the statement invoice.

3.REMAINDER UNCHANGED. Except as specifically modified and amended in this Amendment, the Agreement remains in full force and effect and binding upon the Parties.

4.INTEGRATION. This Amendment consists of pages 1 through 3, inclusive, which constitute the entire understanding and agreement of the Parties and supersedes all negotiations or previous agreements, including written or verbal communications between the Parties with respect to all or any part of the transaction discussed in this Amendment.

5.SEVERABILITY. If any portion of this Amendment is declared invalid, illegal or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.

6.EFFECTIVE DATE. This Amendment shall not become effective until the date it has been executed by the appropriate authorities of the City and Consultant.

7.APPLICABLE LAW. The laws of the State of California shall govern the interpretation and enforcement of this Amendment.

8.REFERENCES. All references to the Agreement include all their respective terms and provisions. All defined terms utilized in this Amendment have the same meaning as provided in the Agreement, unless expressly stated to the contrary in this Amendment. [SIGNATURE PAGE FOLLOWS]
IN WITNESS WHEREOF, the Parties hereto have executed this Amendment to the Agreement on the date and year first written above.

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CITY OF INDIO
___________________________
Bryan H. Montgomery, City Manager
Date:

ATTEST:

CITY CLERK
By: ___________________________
Sabdi Sanchez, CMC
City Clerk Administrator
APPROVED AS TO FORM:

CITY ATTORNEY
By: ____________________________
Steven Graham Pacifico, City Attorney

CONSULTANT
By:

Name:

Title:

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Amendment No. 2 to the Professional Services Agreement between the City ... Page 180 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Rob Rockwell, Assistant City Manager
Subject: First Amendment to the Agreement for Animal Control Field and Shelter Services with the County of Riverside

RECOMMENDATION:

Approve the First Amendment to the Agreement between the City of Indio and the County of Riverside for Animal Control, Field and Shelter Services, extending services through June 30, 2025.

SUMMARY:

The City of Indio collaborates with the Riverside County Department of Animal Services (RCDAS) for local animal services. Through the agreement, RCDAS enforces local licensing requirements, investigates situations of animal neglect, shelters and cares for lost and abandoned animals, and promotes responsible pet ownership through public outreach. The latest three-year agreement expired on June 30, 2024. Staff recommends approving an amendment to the agreement, extending the service relationship through June 30, 2025.

BACKGROUND INFORMATION:

For over a decade, the City has contracted with County Animal Services to provide a variety of animal services. Those services include:
 Responding to calls for field service assistance
 Impounding animals found at large
 Providing humane care and treatment of stray or abandoned animals  Investigating reported bites by animals
 Quarantining animals suspected to be rabid
 Responding to and processing nuisance complaints
 Removing deceased animals form the public right-of-way  Encouraging the return of any lost or stray animal
 Inspecting and issuing permits for dog kennels and catteries  Enforcing appropriate provisions of ordnances

The latest contract agreement covered a three-year term commencing July 1, 2021 through June 30, 2024. Staff recommends approving a one-year amendment to the agreement, extending services through June 30, 2025.

The new agreement is significantly the same, but does incorporate changes in the compensation paid to the County, as highlighted in the Financial Summary section below. Overall, the annual cost for services for FY 2024-25 is estimated to total $1,152,626, but actual costs will vary depending on AGENDA ITEM #8.9
First Amendment to the Agreement for Animal Control Field and Shelter Se... Page 181 of 507 field-service personnel overtime, animals calls, and the number of licenses issued. The cost is within budgeted parameters.

Licensing Fees Paid by Local Residents for Dog Licenses While City costs are increasing, staff does not recommend increasing resident dog license fees at this time. Dog license fees will remain substantially discounted and set to encourage residents to purchase multi-year licenses, as reflected below.

For reference, Attachment 2 reflects licensing fees paid by county residents and the residents of county-contract agencies as of the time of this report. The City receives about $70,000 a year from dog licenses.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$1,152,626 In current year budget: Yes
Current FY General
Fund Impact:
$1,152,626 Budget adjustment: No
Next FY Financial
Impact:

N/A Strategic Objective: Public Safety
Source of funds: General Fund Fund-Org-Object
Reference:
1011181-521068

Additional Financial Details:

Service-cost changes are summarized in the following table.

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First Amendment to the Agreement for Animal Control Field and Shelter Se... Page 182 of 507 *Overtime/stand-by field services $178.66 per hour (minimum of two (2) hours per call, with a two (2) hour charge per each call).

**Cost will fluctuate based on actual overtime, wildlife calls and deceased animal pickups.

Optional Services are not included in the total.
**Rates are subject to change as adopted by the Board of Supervisors, as specified in Section III of the Agreement.
***License processing cost may vary based on number of licenses sold. COUNTY shall retain $11.92 for each license sold, and remaining balance of license will be credited back to the CITY on a monthly basis.

Animal Sheltering cost at the Coachella Valley animal Campus is $35.81 per kenneling day and it would be billed based on actual impounds. The County will provide the City with a monthly invoice that includes actual impound statistics. The invoice will detail the number of animals impounded and the total number of kenneling days, plus all other applicable fees.

Large animal sheltering costs will be $21/animal (horses, ponies, cattle) per day of sheltering. Large animal sheltering will be 12.60/animal (swine, goats, cattle) per day of sheltering. Additional cost billed on actual use. Wildlife impound fee will be $144.90 per impound. Deceased animal pickup fee will be $73.50 per animal.

Daily flat rates for shot clinics and/or spay and neuter bus services will be billed based on actual outreach days scheduled. Compensation accounts for full staff time to provide service for one day.

The maximum time possible will be afforded for actual outreach activity; however, actual outreach activity time will be reduced by travel and preparations time the day of the event.

Shot clinic or spay and neuter bus services will be billed at $3,000 per event flat rate. The cost includes three clinic service staff and one veterinarian for nine hours, to be billed on actual usage as requested by the City.

ATTACHMENTS:

Attachment 1 - City of Indio First Amendment
Attachment 2 - Greater Dog License Fee Schedule

APPROVAL(S):

Jennifer A. Mizrahi, Assistant City Attorney Approved - 30 Jul 2024 Ruby D. Walla, Director of Finance Approved - 01 Aug 2024 Bryan H. Montgomery, City Manager Approved - 01 Aug 2024

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Attachment 1

FIRST AMENDMENT TO

AGREEMENT FOR ANIMAL CONTROL FIELD AND

SHELTER SERVICES BETWEEN THE CITY OF

INDIO AND THE COUNTY OF RIVERSIDE

This First Amendment to the AGREEMENT FOR ANIMAL CONTROL FIELD AND SHELTER SERVICES between COUNTY OF RIVERSIDE, a political subdivision of the State of California, on behalf of its Department of Animal Services (“COUNTY”) and the CITY OF INDIO (“CITY”), herein referred to as the “First Amendment”, dated as of the Effective Date (defined herein), amends the Agreement as follows:

RECITALS

WHEREAS, COUNTY and CITY entered into an Agreement for Animal Control Field and Shelter Services Between the City of Indio and the County of Riverside for the provision of Animal Control Field and Shelter Services (“Original Agreement”) for a term commenci ng July 1, 2021 through June 30, 2024; and

WHEREAS, the COUNTY’s Board of Supervisors ratified and approved the Agreement on October 26, 2021, in Minute Order 3.3; and

WHEREAS, the COUNTY has continuously provided the CITY with Animal Control Field and Shelter Services since July 1, 2021; and

WHEREAS, the Agreement authorizes amendments to the Agreement with the approval of the Board of Supervisors of COUNTY and City Council of CITY; and

WHEREAS, COUNTY and CITY desire to extend the term of the Agreement until June 30, 2025; and
WHEREAS, COUNTY and CITY desire to amend the Agreement to reflect changes in the compensation, license fees and payment provisions.

NOW, THEREFORE, in consideration of the foregoing, COUNTY and CITY agree as follows:

1. Recitals – The recitals set forth above are true and correct and incorporated herein by reference.

2. Effective Date and Term. “The “Effective Date” of this First Amendment shall be July 1, 2024 and shall terminate on June 30, 2025 unless terminated earlier as provided herein under Section VI, Termination.”

3. Exhibit “A,” Exhibit “B” and Exhibit “C” of the Agreement are hereby removed in their entirety and replaced with Exhibit “A-1,” Exhibit “B-1,” and Exhibit “C -1” attached hereto and incorporated herein by this reference.

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Attachment 1

FIRST AMENDMENT TO

AGREEMENT FOR ANIMAL CONTROL FIELD AND

SHELTER SERVICES BETWEEN THE CITY OF

INDIO AND THE COUNTY OF RIVERSIDE

4. Entire Understanding. This First Amendment and the Original Agreement contain the entire understanding and agreement of the Parties. There are no oral or written representations, understandings, or ancillary covenants, undertakings or agreements that are not contained or expressly referred to within this First Amendment and Original Agreement.

5. Further Assurances. The Parties agree to execute such other documents and to take such other actions as may be necessary to further the purpose of this First Amendment.

6. Agreement in Full Force and Effect. Except as otherwise expressly modified herein, all other terms and conditions of the Agreement remain unmodified and in full force and effect.

7. C ounterparts. This First Amendment may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument.

[SIGNATURES ON FOLLOWING PAGE]

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Attachment 1

FIRST AMENDMENT TO

AGREEMENT FOR ANIMAL CONTROL FIELD AND

SHELTER SERVICES BETWEEN THE CITY OF

INDIO AND THE COUNTY OF RIVERSIDE

IN WITNESS WHEREOF, COUNTY and CITY have caused their duly authorized representatives to execute this First Amendment.

COUNTY OF RIVERSIDE CITY OF INDIO

By:

Chuck Washington, Chair
Board of Supervisors
By:

Bryan Montgomery
City Manager

ATTEST:

Kimberly Rector
Clerk of the Board

By:

ATTEST:

Cynthia Hernandez
City Clerk

By:

APPROVED AS TO FORM:

Minh Tran
County Counsel

By:

Bruce G. Fordon
Deputy County Counsel
APPROVED AS TO FORM:

By:

Steven Graham Pacifico
City Attorney

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Attachment 1

CITY OF INDIO
EXHIBIT “A-1”

SCOPE OF ANIMAL CONTROL FIELD SERVICES
The County of Riverside (“COUNTY”), agrees to provide the following Animal Control Field Services for the City of Indio (“CITY”):

1. Provision of Field Services: The Animal Control Field Services to be provided by COUNTY for CITY within the corporate limits of CITY shall include the following activities:

1.1 Field Service Assistance: Respond to all calls for field service assistance pursuant to the priority of calls as described in this Exhibit “A” below.

1.2 Impoundment: County shall impound all animals found at large and collect and retain such impound fees as established by COUNTY’s Board of Supervisors.

1.3 Proper Care and Treatment: Provide humane care and treatment to any stray or abandoned animal in accordance with State law.

1.4 Animal Bites: Investigate reported bites by animals. COUNTY shall respond to all reported bites by dogs or by suspected rabid or wild animals. CITY shall be responsible for handling, whether directly or by its own legal counsel, administrative or criminal proceedings, including and without limitation, appeals and enforcement actions, arising hereunder; COUNTY shall reasonably facilitate and make Animal Control Officers available for such court proceedings.

1.5 Quarantine: Quarantine all animals suspected to be rabid and/or that have bitten a person as prescribed by the California Compendium of Rabies Control and Prevention, the California Department of Public Health, and COUNTY policy.

1.6 Nuisance Animal Complaints: Respond to and process nuisance complaints, including stray and barking animal complaints, as referenced in Riverside County Ordinance 630, codified at Title 6 of the Riverside County Municipal Code (“Title 6”). CITY shall be responsible for handling, whether directly or by its own legal counsel, administrative or criminal proceedings, including and without limitation, appeals and enforcement actions, arising hereunder; COUNTY shall reasonably facilitate and make Animal Control Officers available for such court proceedings.

1.7 Dead Animals: Remove dead animals from the public right-of-way except in such cases where the animal is on a state highway within CITY limits. In such cases, COUNTY shall immediately (or as soon as practicable) notify the State of California Department of Transportation by telephone, facsimile, email or other means.

1.8 Return of Impounded Animals: Encourage the return of any lost/stray animal (impounded by field personnel) to the rightful owner in the field, subject to the payment of impound fees.

1.9 Kennels and Catteries : COUNTY shall inspect and issue permits to operate dog kennels and catteries within CITY pursuant to Title 6 and collect fees in connection therewith.

1.10 Issuance of Warnings and Citations : Enforce all appropriate provisions of Riverside County Ordinances, codified at Title 6 of the Riverside County Municipal Code, as necessary, including the issuance of warning notices or citations, for violations of the provisions of said Code. CITY shall be responsible for handling, whether directly or by its own legal counsel, administrative or criminal proceedings, including and without limitation, appeals and enforcement actions, arising hereunder; COUNTY shall reasona bly facilitate and make Animal Control Officers available for such court proceedings.

1.11 Service to Public: Provide service to the public on matters covered in this Agreement consistent with established policies and procedures that promote courteous and efficient service and good public relations. Other policies and procedures notwithstanding, COUNTY, in processing any type of complaint or request for service, shall indicate to the caller that a response can be expected as described in Section 5 below.

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Attachment 1

1.12 Complaints: The CITY and COUNTY shall designate a primary and alternate contact person for the purpose of addressing complaints. "Complaint" as used herein shall mean any dissatisfaction or problem in the performance of services under this contract. When a complaint is received that requires a response from either PARTY, the CITY and COUNTY representatives designated for addressing complaints shall meet and confer to investigate and addres s the complaint within a reasonable time period.

2. Shelter Care and Disposition Services : The COUNTY shall shelter CITY’s animals at the County Animal Shelter, or other COUNTY operated shelter at the COUNTY’s discretion.

3. Provision of Supplies, Vehicles and Radio Equipment : COUNTY shall provide animal control vehicle(s) and equip it with the appropriate animal control boxes mounted on the truck chassis and with an air conditioning unit mounted on the animal control truck boxes for use in the provision of services as set forth in this Agreement. Vehicles shall be replaced at the COUNTY’s discretion. The COUNTY shall fuel and maintain said vehicles. COUNTY shall also provide all other supplies, medications, pharmaceuticals, and equipment necessary for the efficient and effective operation of animal control field services provided herein.

4. Missing or Stolen Animals: COUNTY shall file a report with the appropriate law enforcement agency within twenty-four (24) hours if an impounded animal is missing or suspected to have been stolen from an animal control vehicle or while in COUNTY’s custody. COUNTY shall indicate on the police report the circumstances of the animal's disappearance.

5. Priority of Field Services:

5.1 Definitions:

5.1.1 “Services” are those enforcement activities rendered by COUNTY pursuant to the relevant sections of Title 6, related State law, and where applicable, County of Riverside Ordinances, and are assembled for expediency into two categories: Emergency and Non - Emergency.

5.1.2 “Priority Ranking” refers to the order of priority with which a call will be handled. All calls shall go directly to the dispatcher or assigned clerical staff for relay to the Animal Control Officer. If a call is exceptional, as defined in Section 5.4 of t his Exhibit “A,” it shall be referred to the supervisor for evaluation and processing.

5.1.3 “Regular Service Hours” are the hours of 7:30 am to 5:00 pm, Monday through Friday, Holidays excepted.

5.1.4 “Limited Service Hours” are the hours of 5:00 pm to 7:30 am, Monday through Friday, all day Saturday, Sunday and on holidays.

5.1.5 “Holidays” are as those days as established by the COUNTY and the CITY wherein the CITY or COUNTY is closed for service on a day that would otherwise be a regular service day.

5.2 Field service activities shall be performed daily and are generally based on both the Priority Ranking and on Limited Service Hours. All calls involving imminent danger will be responded to within sixty (60) minutes if reasonably possible, subject to considerations involving the time of day, traffic conditions, or other circumstances. An Animal Control Officer shall respond to animal medical emergencies and other emergencies involving danger to humans within thirty (30) minutes or less during Regular Service Hours, and within sixty (60) minutes or less during Limited Service Hours and on Holidays. CITY acknowledges that response time may be affected by traffic congestion or other hindering circumstances. COUNTY shall provide a means for responding to calls for service that take place during Limited Service Hours which are of an emergent nature pursuant to this Exhibit “A.” Field service personnel shall be

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Attachment 1

assigned to patrol and perform other service field tasks as defined by COUNTY and CITY.

5.3 Telephone service: The COUNTY shall answer all telephone calls for field services during Regular Service Hours. Calls shall be received by the COUNTY answering service during Limited Service Hours and on Holidays, as noted above. Calls answered by the answering service will be handled on an emergency basis as outlined in this Exhibit “A.” The dispatcher and/or clerical support staff shall maintain a detailed record of all requests for service, both emergency and routine, received during Regular Service Hours and Limited Service Hours, including time and date, when the calls were answered, and the disposition of those calls. Records of these calls shall be maintained for at least thirty (30) days. The CITY and COUNTY agree that any incident reports to the COUNTY by residents or through emergency services involving a dangerous, aggressive, wild, injured or sick animal constitute an emergency and requires immediate action by the COUNTY pursuant to this Agreement. Calls for service received during Limited Service Hours that are not of an emergent nature shall be answered by an answering service and referred to call back on the next business day during phone center operational hours. These calls then be scheduled for response in accordance with this Exhibit “A.”

5.4 Calls considered as Emergencies to be handled Without Delay:

5.4.1 Animals endangering health or safety of the community.

5.4.2 Police Department requests for service.

5.4.3 Sick or injured stray animals.

5.4.4 Animals in distress.

5.4.5 Humane investigations – life threatening. (Depending on immediate circumstance)

5.4.6 Venomous snakes

5.4.7 Dead animal removal, Summer months only between June 1 and August 31 during Regular Business Hours

5.5 Calls Considered as Non-Emergency to be handled during Regular Business Hours:

5.5.1 Pick-up confined, healthy, stray-animals.

5.5.2 Dead animal removal, between September 1 and May 31.

5.5.3 Quarantine investigations.

5.5.4 Leash law enforcement.

5.5.5 Nuisance animal investigations.

5.5.6 Permit investigations.

5.6 Exceptions:

The Director of Animal Control or the deputies of the Animal Control Director may, on a case- by-case basis, authorize variations of priority when circumstances require.

6. Quarterly Reports:

COUNTY shall furnish to the City Manager, or designee, quarterly and annual reports detailing field services provided that quarter. Upon reasonable notice to COUNTY, CITY may inspect any facility or records to verify the data contained in the reports.

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Attachment 1

CITY OF INDIO
EXHIBIT “B-1”

SCOPE OF ANIMAL SHELTERING SERVICES
The County of Riverside, on behalf of its Department of Animal Services (“COUNTY”), agrees to provide the following Animal Shelter Services for the City of Indio (“CITY”). All capitalized terms set forth herein are defined in Section B below.

A. COUNTY ANIMAL SHELTER LOCATION

1. Shelter Location: The COUNTY shall maintain CITY’s animals at the Coachella Valley Animal Campus (“Shelter”), or other shelter operated by COUNTY at COUNTY’s discretion.

The COUNTY shall be responsible for the operation and maintenance of its shelters and the care of the animals on a twenty-four (24) hour basis.

2. Shelter Hours of Operation: COUNTY shall maintain hours of operation at the Shelter to provide maximum public access to the animals, to the extent possible.

B. DEFINITIONS

1. Animal Shelter Services” shall include the following activities and services:
a. Impoundment, admittance, receipt of, care of, custody of and/or feeding of any and all stray animals.
b. Redemption, treatment, sale, adoption, and/or disposal of all animals. c. Counseling and advising animal owners.
d. Posting on Shelter’s website of photographs of all newly impounded animals and identifying each animal individually.
e. Ensuring that all dogs, four (4) months and older, released from the COUNTY to a resident of County of Riverside are licensed, microchipped, and spayed/neutered and, if not licensed, to sell license to the owner or other person taking custody of such dog. In accordance with COUNTY ordinances, require the micro- chipping of released animals at the owner’s expense.
f. Humane euthanasia of animals as lawful and necessary, including the creation of a log detailing those animals that are euthanized and the reasons for such euthanasia on an animal- by-animal basis. This log shall include whether the animal was unhealthy and/or unsuitable for adoption.
g. Proper disposal of dead animals at the rate as set forth in Exhibit “C,” Payment Provisions. h. “Care” includes, but is not limited to providing a safe, temporary refuge for any animal impounded, and providing needed medical services for injured/sick animals or transfer of animal to the appropriate agency.

2. “Adoptable Animal” shall mean an animal eight (8) weeks of age or older that at or subsequent to the time the animal is impounded or taken into possession, has manifested no sign of disease, injury, or congenital or hereditary condition that adversely affects the health or temperament of the animal, or that is likely to adversely affect the animal’s health in the future. Dogs declared “vicious” or “potentially dangerous” under State and/or local laws shall be deemed unadoptable.

3. “T
reatable” shall mean an animal with a medical condition such as skin problems, bad flea or skin infestations, a broken limb, abscesses, or problems that may be treated with appropriate resources, holding space, treatment and/or time. “Treatable” shall also mean an animal with behavioral

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Attachment 1

conditions that may be corrected with time and proper training, such as chasing animals/objects, food aggression, etc.

4. “Untreatable Animal” shall mean any animal that is irremediably suffering from a serious illness or physical injury or behavioral condition and shall not be held for owner redemption or adoption.

5. “Impounded Animal” shall include animals found running at large, removed from private property, or that are taken into the shelter by COUNTY or law enforcement.

6. “Seized Animal” shall include animals that are confiscated under Penal Code 597.1 from an owner when ordered by a court of competent jurisdiction, whether the seizure was determined justified or not, when exigent circumstances exist.

C. SCOPE OF ANIMAL SHELTER SERVICES

1. Treatment of Animals: COUNTY shall provide adequate care and treatment of CITY’s animals whiles in custody of COUNTY to ensure that impounded animals are provided with humane and appropriate levels of care, including a clean environment, fresh water, adequate nutrition and appropriate medical care.

2. L
evel of Service Provided : COUNTY shall provide Animal Shelter Services as defined in this Agreement. COUNTY’s policies and procedures for Animal Shelter Services shall be based on standards and/or guidelines derived from reputable animal care organizations including, but not limited to, the Humane Society of the United States, American Humane Association and American Veterinary Medical Association.

3. Feeding Protocols: All animals shall be fed in amounts appropriate to meet their nutritional needs.

4. Disease Control and Sanitation : COUNTY shall maintain the Shelter in a clean and sanitary condition. COUNTY’s policies and procedures may include beneficial standards and/or guidelines derived from reputable animal care organizations including, but not limited to, the Humane Society of the United States, American Humane Association and American Veterinary Medical Association.

5. Provision of Personnel and Supplies : COUNTY shall provide personnel, supplies, materials, medication, pharmaceuticals, and equipment, including forms and reports, to perform all aspects of the Animal Shelter Services described herein.

6. Holding Periods : COUNTY shall hold all stray -impounded animals, not otherwise owner identifiable, for the holding periods as required by State law.

7. Euthanasia: Humane euthanasia services shall be provided as required for impounded animals held at the Shelter for the lawful number of days, if such animal is not reclaimed by the animal’s owner and is deemed not adoptable by COUNTY. Untreatable Animals that are irremediably suffering from a serious illness or severe injury may not be held for owner redemption or adoption.

Only euthanasia methods approved by the American Veterinary Medical Association shall be used.

Records shall be kept for a period of not less than three (3) years on each euthanized animal shall include the following information: breed; sex; color; weight; other distinguishing characteristics; date, time and location where animal was found; method of euthanasia, and reason for use of method.

8. Q
uarantine: COUNTY shall quarantine, as prescribed by the California Compendium of Rabies Control and Prevention, State law, and COUNTY policy, all animals suspected of being rabid, or

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Attachment 1

involved in a bite investigation.
a. Impoundments and Quarantines: COUNTY shall house, feed and care for all animals impounded and/or quarantined at the Shelter. Quarantined animals may be quarantined at the owner’s home or an alternate location.

9. Animals Surrendered by their Owners: Any pet surrendered by the owner to an Animal Control Officer and transported to the COUNTY shelter shall incur prevailing owner surrender charges.

Such fees shall be collected from the owner and conveyed to the COUNTY or be charged directly to the CITY at the established stray animal rate.

a. Animals Surrendered by their Owners: Owner Surrenders will be impounded on a case by case basis. Diversion programs will be offered to assist with pet retention. CITY shall direct their constituents to consult with COUNTY to surrender their pet. COUNTY will offer CITY’s constituents assistance through diversion programs.

10. Any pet surrendered by the owner to an Animal Control Officer and transported to the COUNTY shelter shall incur prevailing owner surrender charges. Such fees shall be collected from the owner and conveyed to the COUNTY or be charged directly to the CITY at the established stray animal rate. CITY Animal Control Officers shall refer constituents requesting to surrender their animal to COUNTY for a diversion consultation. CITY shall not accept owner surrenders in the field prior to the constituent consulting the COUNTY.

11. Wildlife: COUNTY and CITY Animal Control Officers will work with constituents to ensure public safety while maintaining wildlife in the wild. COUNTY and CITY Animal Control Officers will triage wildlife reports to determine the appropriate response. Wildlife will be impounded if there is a public safety hazard, if the animal’s welfare is at risk, if the animal is injured or orphaned, if the animal has been involved in a bite, or involved in an animal cruelty investigation.

12. Vicious and Potentially Dangerous Dogs: Any dog declared or determined to be vicious or potentially dangerous and in custody of COUNTY either under impoundment or quarantine shall be deemed unsuitable for adoption and shall not be released except as required by State law or at the Director of Animal Services’ discretion.

13. Incoming Animal Identification: Incoming animals shall be checked immediately for collar tags and scanned for microchip by qualified Shelter staff within one (1) hour of arrival to the Shelter.

Shelter staff shall make all attempts to notify owners within twenty-four (24) hours of an Impounded Animal delivered by CITY to COUNTY. Animal Control Officers shall attempt to return animals in the field prior to delivering the impounded animal to the shelter. Animal Control Officers shall scan animals in the field for microchips, call phone numbers on tags or research license numbers in an effort to reunite animals in the field.

14. In
coming Animal Examinations/Assessments: A cursory exam of an animal shall be performed within twelve (12) hours, except during Limited Service Hours when the examination will be performed within twenty-four (24) hours. Incoming animal assessment shall include the following:
a. A physical examination to determine if a medical condition exists which requires a veterinarian’s attention
b. Routine vaccinations and de-worming, as needed
c. External parasite treatment, as needed
d. Document the animal’s incoming weight

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e. Scan for microchip identification
f. Establish unique identifier for the animal
g. Document any identifying features or abnormalities. The COUNTY shall properly document on an animal -by-animal basis that an examination/assessment has been performed.

15. Enforcement: Enforce all relevant provisions of CITY’s municipal code and State law as may be applicable to animals housed, kept or maintained at the Shelter.

16. Adoption: Animals identified as being available for adoption shall be up for adoption in the shelter or off-site location, or by posting online.

17. Spay and Neuter: COUNTY shall ensure that all dogs and cats adopted from the Shelter are spayed or neutered, or that adequate provisions are made for such spaying or neutering if COUNTY transfers any animals, or if an adopted animal is unable to receive spaying or neutering due to a medical condition. In accordance with California Food and Agricultural (“F&A”) Code Sections 30503 and 31751.3, if veterinarian employed at the Shelter certifies that a dog or cat is too sick or injured to be spayed or neutered, the COUNTY shall collect a spay/neuter deposit from the adopter or purchaser and this deposit shall be deposited into a segregated fund maintained by the COUNTY. The deposit shall be fully refunded to the adopter or purchaser if proof of sterility is provided within thirty (30) business days from the date of surgery, at which the deposit is forfeited in accordance with F&A Code Sections 30503 and 31751.3. Spay and neuter deposits shall only be used by the COUNTY for canine and feline spay and neuter programs.

18. Mi
crochipping: In accordance with California Food and Agricultural (“F&A”) Code Sections 31108.3 and 31752.1, COUNTY shall ensure that all dogs and cats being reclaimed, adopted, or transferred to a new owner are microchipped with current information prior to leaving the shelter.

19. Community Adoption Partners: COUNTY shall comply with F&A Code Sections 31108 and 31752 that provide that any stray dog or cat that is impounded “shall, prior to the euthanasia of that animal be released to a nonprofit, as defined in Section 501(c)(3) of the Internal Revenue Code, animal rescue or adoption organization if requested by the organization prior to the scheduled euthanasia of that animal. The public or private shelter may enter into cooperative agreements with any animal organization or adoption organization. The public or private shelter or organization must be approved by COUNTY prior to the transfer of any animals. In addition to any required spay or neuter deposit, the public or private shelter, at its discretion, may assess a fee, not to exceed the standard adoption fee, for animals adopted or released.”

20. Foster Care Placement: Certain animals may be placed in COUNTY’s foster care placement program so to improve animal care, give certain animals a better chance of adoption, and lift the spirits and morale of staff and volunteers.

21. C
ommunity Cat Program (CCP): COUNTY shall determine a cat’s eligibility for the CCP. If it is determined that a cat is eligible, the cat will be spayed/neutered, vaccinated, and eartipped. Once cat has recovered, the cat will be returned to place of origin.

22. D rug Enforcement Agency (DEA) : COUNTY shall comply with all Drug Enforcement Agency (DEA) regulations regarding storage, record-keeping, inventory, use, and disposal of all controlled substances.

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23. Staffing and Volunteers: COUNTY shall recruit and supervise all necessary personnel for the office, kennel, veterinary and other areas of the Shelter. Staffing shall include any and all full or part-time personnel and shall include the recruitment, supervision and assignment of volunteers in suitable Shelter-related activities. Personnel employed at the Shelter in the performance of Shelter- related activities shall be designated as COUNTY employees and any and all volunteers engaged in Shelter activities shall participate in activities designated by COUNTY and shall be under the auspices of COUNTY. Use of volunt eers at the Shelter shall be determined by COUNTY.

24. Missing Animals: COUNTY shall notify an appropriate law enforcement agency immediately of any animal missing from the Shelter that had previously been impounded and/or in protective custody.

25. CITY Access: COUNTY shall provide access of the entire Shelter to the authorized representatives of CITY during Regular Service Hours or at such other times upon written notice.

26. Livestock and Fowl Care: COUNTY shall provide food, care and shelter to livestock and fowl, either at the Shelter or at another location, when such animals cannot be cared for at the Shelter.

Costs of housing any livestock or fowl, regardless of Shelter location shall be charged to the owner of the animal, if known. If the animal’s owner wishes to redeem the animal, the owner shall first pay all applicable fees and charges at the Shelter; except as otherwise required by law, then and only, will the COUNTY authorize release of the animal. COUNTY shall notify CITY in writing when said expenses reach the amount of $5,000 or greater per incident. Such expenses shall not exceed the amount of $25,000 per incident unless authorized in writing by CITY.

27. A nimal Disposal: COUNTY shall prohibit any animal whether dead or alive, which has been impounded, in custody, or in quarantine at the Shelter to be given away, disposed of, traded, sold or in any manner given over to another person, organization or entity for experimentat ion, regardless of purpose. COUNTY shall be responsible for the disposal of animal remains in its custody or control, subject to applicable State laws.

28. LICENSE FEES (Section 2 of Riverside County Ordinance 630): Licenses shall be issued upon payment of the license fees at the same rate as established in Section 2 of Riverside County Ordinance No. 630 and are subject to change as amended by COUNTY’s Board of Supervisors, from time to time.

29. RABIES VACCINATION CERTIFICATE DATA: Rabies vaccination certificates shall be collected from area veterinarians and downloaded into COUNTY’s database after the data has been scrubbed of inconsistencies. Reminders of licensing requirements shall be automatically generated and mailed to dog owners. Those owners who fail to comply may be subsequently issued administrative citations. Remittance options include the web licensing portal on COUNTY’s website,
www.rcdas.org. COUNTY shall verify dog license status when responding to requests for service or when responding to complaints. COUNTY shall also provide an automated or manual verification system whereby owners can verify the status of their animal’s license by telephone.

30. C OLLECTION OF LICENSE FEES: CITY authorizes COUNTY to issue and collect the fees for canine licenses and retain $11.92 per license on any and all canine license revenue generated by CITY residents during the term of the Agreement. All fees collected for canine licenses shall be accounted for by the COUNTY on a monthly basis and the COUNTY shall remit to CITY the net amount of license fees collected for each month. For purposes of this Agreement, the net amount of license fees shall mean the total amount of license fees collected in a month less the total of

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$11.92 per each canine license issued and shall be separate and apart from the monthly compensation rate due and payable by the CITY as required in Section III. Compensation. CITY shall be responsible for a one-time conversion fee for new data entered into COUNTY’s licensing database.

D. COMPENSATION

1. Compensation for Animal Shelter Services: Additional compensation for Animal Shelter Services may be required. Additional costs for large animal sheltering are incurred at $21 per animal, per day for horses and cattle, and $12.60 per animal, per day for swine, goats and sheep in accordance with COUNTY’s Animal Control Ordinances and shall be billed based on actual sheltering on a monthly basis.

2. Impound/Quarantine Fees: CITY shall be responsible for all costs associated with any and all animals seized within the CITY’s boundaries and brought to COUNTY which are held in Shelter, including facilities that have agreements with the COUNTY to provide additional shelter services under the supervision of the COUNTY. This includes, but is not limited to, animals held in association with any criminal prosecution of animal abuse and welfare cases, animals being held as evidence in a court filing, or rabies quarantine. The COUNTY agrees to assist the CITY in seeking reimbursement from the owner by providing invoices for all services provided. All services provided to each animal involved shall be charged as of the current date including but not limited to the following: IMP 1-collection; State Fine 1-collection, Board collection- all fees due; QT Board collection-if applicable; Rabies Vaccination collection - if applicable; DA2PPV collection; Bordatella collection; microchip collection; any and all medications provided to each animal; and personnel charges. All fees will be in accordance with the COUNTY’s current fee schedule.

3. O
utreach Activities: CITY shall work with COUNTY to promote responsible pet ownership, lost and found animals, mutually agreeable animal welfare programs, Spay/Neuter Services, and through its own social media pages. If requested by CITY, the daily flat rates for vaccination clinics or spay/neuter clinics shall be billed based actual outreach days scheduled at the rates below:

a. Vaccination or Spay/Neuter Clinic: The cost includes staff, vaccinations and microchips, free to constituents with two hundred (200) animal cap per event for vaccination clinic OR thirty (30) animal cap per event for spay/neuter. The clinics are billed on actual use.

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Attachment 1

CITY OF INDIO
EXHIBIT “C-1”

PAYMENT PROVISIONS
City of Indio (“CITY”) shall compensate the County of Riverside (“COUNTY”) on a monthly basis arrears, with a monthly billing and accounting thereof by COUNTY to CITY those fees as established by the CITY’s Master Fee Schedule, as amended from time to time, and COUNTY’s Board of Supervisors’ fee schedule, as amended from time to time; relative to the services to be performed under this Agreement as follows:

Field and Shelter Services Estimate

Service Quantity Cost Annually Monthly
Full Time Animal Control
Officer 6,240 $286,790.40 ea. $860,371.20 $71,697.60
Estimated Overtime* 285 $178.66/hour $50,918.10 $4,243.18 Animal Sheltering** 5,010 $35.81/day $179,408.10 $14,950.68 Large Animal-Donkey, Sheep** 16 $12.60/day $201.60 $16.80 Wildlife Impounds** 12 $144.90/per $1,738.80 $144.90
Deceased Animal Pick-Up and
Disposal**
353 $73.50/per $25,945.50 $2,162.13
O&M ** 943 $11.40/impound $10,750.20 $895.85
License Processing*** 1,954 $11.92 per license $23,291.68 $1,940.97 Total Estimated Cost** $1,152,625.18/FY $96,052.11/month * Overtime/stand-by field services $178.66 per hour (minimum of two (2) hours per call, with a two (2) hour charge per each call).
**Cost will fluctuate based on actual overtime, wildlife calls and deceased animal pickups. Optional Services are not included in the total.
**Rates are subject to change as adopted by the Board of Supervisors, as specified in Section III of this Agreement.
***License processing cost may vary based on number of licenses sold. COUNTY shall retain $11.92 for each license sold, and remaining balance of license will be credited back to the CITY on a monthly basis.

Sheltering:

Animal Sheltering costs at the Coachella Valley Animal Campus is $35.81 per kenneling day, and it would be billed based on actual impounds. COUNTY shall provide CITY with a monthly invoice that includes actual impound statistics. The invoice will detail the number of animals impounded and the total number of kenneling days, plus all other applicable fees.

Operational and Maintenance (O&M):

O&M is charged at $11.40 per stray dog or cat impound.

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Livestock and Other Impound Fees:

Large Animal Sheltering @ $21/animal (horses, ponies, cattle) per day of sheltering (additional cost billed on actual use).

Large Animal Sheltering @ $12.60/animal (swine, goats, sheep) per day of sheltering (additional cost billed on actual use).

Wildlife impound fee: $144.90 per impound
Deceased animal pickup fee: $73.50 per animal
Optional Services
Daily flat rates for shot clinics and/or spay and neuter bus services will be billed based on actual outreach days scheduled. Compensation accounts for full staff time to provide service for one day. The maximum time possible will be afforded for actual outreach activity; however actual outreach activity time will be reduced by travel and preparation time the day of the event.

Shot Clinic or Spay and Neuter Bus Services:
$3,000 per event flat rate billed actual use**
(The cost to provide three (3) clinic services staff and one veterinarian for 9 hours, to be billed based on actual usage as requested by CITY.

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First Amendment to the Agreement for Animal Control Field and Shelter Se... Page 197 of 507 Department of Animal Services
Erin Gettis, Director
Dr. Kim Youngberg, Deputy Director
Riverside County

DEPARTMENT OF ANIMAL SERVICES
6851 Van Buren Blvd, Jurupa Valley, CA 92509
(951) 358-7387 FAX (951) 358-7300 TDD (951) 358-5124
Website: www.rcdas.org

DEPARTMENT OF ANIMAL SERVICES
FY 24-25 CONTRACT CITY RATES

PROPOSED ANIMAL CONTROL OFFICER (ACO) RATES

POSITION CURRENT RATE FY
2023/2024

PROPOSED RATE FY
2024/2025
ACO (Hourly Rate) $131.31 $137.88
ACO (Overtime/Hourly-
minimum call out of 2 hours)
$170.15 $178.66

PROPOSED DAILY SHELTERING RATE

SERVICE CURRENT RATE FY
2023/2024

PROPOSED RATE FY
2024/2025
Daily Sheltering Rate $34.10 $35.81

PROPOSED LICENSE PROCESSING FEES

SERVICE CURRENT RATE FY
2023/2024

PROPOSED RATE FY
2024/2025
License Processing Fee $11.35 $11.92

PROPOSED IMPOUND FEES

LOCATION CURRENT RATE FY
2023/2024

PROPOSED RATE FY
2024/2025
Blythe $6.90 $7.25
San Jacinto $10.44 $10.96
CVAC $10.86 $11.40
Jurupa Valley $12.53 $13.16

OTHER PROPOSED FEES

SERVICE CURRENT RATE FY
2023/2024

PROPOSED RATE FY
2024/2025
Large Animal-Horses $20.00 $21.00
Large Animal-Donkey, Sheep $12.00 $12.60
Deads $70.00 $73.50
Wildlife $138.00 $144.90
Attachment 2Page 18 of 18 AGENDA ITEM #8.9
First Amendment to the Agreement for Animal Control Field and Shelter Se... Page 198 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Brian Tully, Chief of Police
Subject: Budget Adjustment in Special Revenue Fund 220 (Proposition 172) in the amount of $521,258.00

RECOMMENDATION:

To approve a budget adjustment in Special Revenue Fund 220 in the amount of $521,258.00 and direct the Finance Department to make the necessary budget adjustments as reflected in the financial analysis section of the staff report.

SUMMARY:

On July 19, 2023, Indio City Council approved the purchase of necessary equipment and software updates, a five-year service upgrade agreement, and relocation of existing equipment to the new Dispatch Center from Motorola Solutions, Inc., in the amount of $726,542. This expense was budgeted last fiscal year, however, due to a supply-chain delay encountered by Motorola and the fact that the new Dispatch building was not ready for move-in in June, the services from Motorola were not delivered until early July 2024. The $521,258.00 is the remaining balance that still needs to be paid to Motorola for this relocation project. Now that the Dispatch equipment relocation has been completed, and our Dispatch team has moved to the new Dispatch building, staff expects to receive the final invoice in September 2024, after the final project acceptance.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$521,258.00 In current year budget: No
Current FY General
Fund Impact:
$0.00 Budget adjustment: Yes
Next FY Financial
Impact:
$0.00 Strategic Objective: Public Safety
Source of funds: Fund 220 (Proposition 172
Funds)
Fund-Org-Object
Reference:
220 - Various

Additional Financial Details:

Staff is requesting a budget adjustment in Fund 220 (Prop. 172) a non-General Fund special revenue fund, as follows:

Increase appropriations:
220-521064 Other Professional Services $521,258.00
AGENDA ITEM #8.10
Budget Adjustment in Special Revenue Fund 220 (Proposition 172) in the a... Page 199 of 507

Expected offset:
220-302003 Fund Balance $521,258.00

APPROVAL(S):

Brian Tully, Chief of Police Approved - 15 Aug 2024
Ruby D. Walla, Director of Finance Approved - 15 Aug 2024 Bryan H. Montgomery, City Manager Approved - 15 Aug 2024

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City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Andrew Ansoorian, Dir. Of Human Resources & Risk Management Conflict: No
Subject: Agreement for Special Legal Counsel Services with the law firm of Liebert Cassidy Whitmore.

RECOMMENDATION:

Approve the Special Counsel legal services agreement with the law firm of Liebert Cassidy Whitmore in an amount not to exceed $300,000 each fiscal year.

SUMMARY:

BACKGROUND INFORMATION:

Liebert Cassidy Whitmore provides the City with special legal services pertaining to labor and employment matters, including representation in negotiations and in administrative and court proceedings, as requested by the City of Indio or required by law. The firm is requesting approximately a 3.5% increase effective July 1, 2024, to bring them in line with their other clients.

The last rate increase occurred in 2023. The newly proposed rates are reflected in Attachment 1 to the Agreement for Special Services. Liebert Cassidy Whitmore has provided employment legal services to the City of Indio for more than 25 years. This relationship will allow for continued seamless collaboration on current open and future legal matters. jjjj

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$300,000 In current year budget: Yes
Current FY General
Fund Impact:
$300,000 Budget adjustment: No
Next FY Financial
Impact:
$300,000 Strategic Objective: Financial &
Environmental
Sustainability
Source of funds: HR Purchase Services: Legal Fund-Org-Object Reference:
1011122-521056
AGENDA ITEM #8.11
Agreement for Special Legal Counsel Services with the law firm of Lieber... Page 201 of 507

Additional Financial Details:

Service cost will not exceed $300,000 per fiscal year. The cost of this agreement is incorporated into the adopted fiscal year 24/25 budget.

ATTACHMENTS:

RevisedLCWAgreement07.17.24

APPROVAL(S):

Andrew Ansoorian, Dir. Of Human Resources & Risk
Management
Approved - 31 Jul 2024
Jennifer A. Mizrahi, Assistant City Attorney Approved - 31 Jul 2024 Ruby D. Walla, Director of Finance Approved - 01 Aug 2024 Bryan H. Montgomery, City Manager Approved - 01 Aug 2024

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AGREEMENT FOR SPECIAL SERVICES

This Agreement is entered into between the law firm of LIEBERT CASSIDY WHITMORE, A Professional Corporation (“Attorney”), and the CITY OF INDIO, A Municipal Corporation (“City”) as of July 1, 2024.

1. Term

This Agreement is effective July 1, 2024 (“Effective Date”) and is ongoing until terminated by the parties. This agreement shall be terminable by either party upon thirty (30) days written notice.

2. Attorney’s Services

Attorney agrees to provide City with representational and legal services pertaining to employment relations matters, including representation in negotiations and in administrative and court proceedings, as requested by City.

3. Fees, Costs, Expenses

City agrees to pay Attorney the sums billed monthly for time spent by Attorney in providing the services, including reasonable travel time, not to exceed Three Hundred Thousand Dollars ($300,000.00) each fiscal year during the term of this Agreement pursuant to the hourly rates set forth in the Public Agency Fee Schedule attached to this Agreement.

The current range of hourly rates for Attorney time is from Two Hundred and Seventy to Four Hundred and Forty Dollars ($270.00 - $440.00), Two Hundred and Eighty Dollars ($280.00) for Labor Relations/Human Resources Consultant time, and from Two Hundred and Ten Dollars to One Hundred and Fifty ($210.00 - $150.00) for time of paralegal and other support staff. All time is billed in minimum units of one-tenth of an hour. Notwithstanding, no separate charge shall be made by Attorney for secretarial or word processing services.

City agrees to reimburse Attorney for necessary costs and expenses incurred by Attorney on behalf of City. Attorney bills photocopying charges at Fifteen Cents ($0.15) per page and facsimile charges at Fifty Cents ($0.50) per page as set forth in the Public Agency Fee Schedule attached to this Agreement.

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Payment by City against monthly billings is due upon receipt of statements, and is considered delinquent if payment is not received within thirty (30) days of the date of the invoice.

4. Insurance Coverage.

A. Attorney shall maintain at all times during the term of this Agreement policies of insurance with at least the minimum coverage specified below:

1. General Liability insurance with a combined single limit of not less than One Million Dollars ($1,000,000).

2. Workers’ compensation coverage in compliance with
California law.

3. Professional errors and omissions coverage with a minimum limit of liability of Two Million Dollars ($2,000,000) in the aggregate, providing coverage for damages or losses suffered as a result of wrongful errors or omissions or neglect by Attorney that arises out of the professional services rendered by Attorney under this Agreement. Such insurance may be subject to reasonable terms, limitations and conditions and a self -insured retention or deductible to be borne entirely by Attorney.

4. Any additional insurance required by the State of California.

B. Prerequisites. All insurance coverage required by this Agreement shall (1) provide a minimum thirty (30) days written notice of modification or cancellation; (2) be maintained in full force and effect throughout the term of this Agreement; and (3) the general liability policy shall name the City as an additional insured.

C. The insurance requirements in this Section 4 are not intended as a limitation on insurance coverage, nor a waiver of any coverage normally provided by any insurance policy issued to Attorney. Specific reference to a given coverage feature is for purposes of clarification only and is not intended by any party to be all inclusive, or to the exclusion of other coverage, or a waiver of any type.

5. Indemnification.

Attorney shall defend, indemnify and hold the City, its officials, officers, employees, and agents free and harmless from any and all claims, demands, causes of action, costs, expenses, liability, loss, damage or injury, in law or equity, to property or persons, including wrongful death, in any manner arising out of any wrongful or negligent errors, omissions or inaction of Attorney, its officials, officers, employees, agents, Attorneys, and contractors arising out of performance of Attorney’s services as provided in this Agreement. This Section 5 shall survive the expiration or termination of this Agreement.

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6. Conflicts of Interest.

Attorney agrees not to accept any employment during the term of this Agreement by any other person, firm or corporation which employment may create a conflict of interest with the interests of City.

7. Arbitration of Professional Liability or Other Claims.

Disputes. If a dispute between City and Attorney arises over fees charged for services, the controversy will be submitted to binding arbitration in accordance with the rules of the California State Bar Fee Arbitration Program, set forth in California Business and Professions Code, sections 6200 through 6206. The arbitrator or arbitration panel shall have the authority to award to the prevailing party attorneys’ fees, costs and interest incurred. Any arbitration award may be served by mail upon either side and personal service shall not be required.

If a dispute arises between City and Attorney over any other aspect of the attorney-client relationship, including, without limitation, a claim for breach of professional duty, that dispute will also be resolved by arbitration. It is understood that any dispute as to any alleged breach of professional duty (that is, as to whether any legal services rendered under this agreement were allegedly unnecessary, unauthorized, omitted entirely, or were improperly, negligently or incompetently rendered) will be determined by submission to arbitration as provided by California law, and not by a lawsuit or resort to court process except as California law provides for judicial review of arbitration proceedings. Both parties to this agreement, by entering into it, are giving up their constitutional right to have any such dispute decided in a court of law before a jury, and instead are accepting the use of arbitration.

8. File Retention.

After our services conclude, Attorney will, upon City’s request, deliver the file for the matter to City, along with any funds or property of City’s in our possession.

If City requests the file for the matter, Attorney will retain a copy of the file at the City’s expense. If City does not request the file for this matter, we will retain it for a period of seven (7) years after this matter is closed. If City does not request delivery of the file for this matter before the end of the seven (7) year period, we will have no further obligation to retain the file and may, at our discretion, destroy it without further notice to City. At any point during the seven (7) year period, City may request delivery of the file.

9. Assignment.

This Agreement is not assignable by Attorney without the written consent of City.

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10. Independent Contractor.

It is understood and agreed that Attorney, while engaged in performing the terms of this Agreement, is an independent contractor and not an employee of City.

11. Authority.

The signatories to this Agreement represent that they hold the positions set forth below their signatures, and that they are authorized to execute this Agreement on behalf of their respective parties and to bind their respective parties hereto.

12. Entire Agreement.

This Agreement represents the entire and integrated Agreement between City and Attorney and supersedes any and all prior negotiations, representations or agreement, either written or oral. This Agreement may be amended only by written instrument signed by both City and Attorney.

13. Time of Performance; Efficiency of Services; Cooperation.

The services of Attorney shall be performed expeditiously in light of the purposes of this Agreement. Attorney shall follow all procedures as established by the City consistent with its duties. Attorney shall work cooperatively with appropriate City staff and keep them informed on all matters of importance as they arise.

14. Non-Discrimination.

In the performance of this Agreement, Attorney shall comply with all applicable provisions of the California Fair Employment and Housing Act (California Government Code Sections 12900 et seq.) and the applicable equal employment provisions of th e Civil Rights Act of 1964 (42 U.S.C. 2203 - 217), whichever is more restrictive.

15. Waiver.

No delay or omission to exercise any right, power or remedy accruing to City under this Agreement shall impair any right, power or remedy of City, nor shall it be construed as a waiver of, or consent to, any breach or default. No waiver of any breach, any failure of a condition, or any right or remedy under this Agreement:
(1) shall be deemed effective unless it is in writing and signed by City; (2) shall be deemed to be a waiver of, or consent to, any other breach, failure of a condition, or right or remedy; or (3) shall be deemed to constitute a continuing waiver unless the writing expressly so states.

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16. Governing Law and Interpretation.

This Agreement shall be construed and enforced in accordance with the laws of the State of California, without regard to conflict of law principles. The section captions and headings in this Agreement have been inserted for convenience only, and shall not be considered or referred to in resolving questions of interpretation or construction.

17. Attorney Fees.

In any litigation, arbitration or other proceeding by which one party either seeks to enforce its rights under this Agreement (whether in contract, tort or both) or seeks a declaration of any rights or obligations under this Agreement, the prevailing party shall be awarded reasonable attorney fees, together with costs and expenses, to resolve the dispute and to enforce the final judgment.

18. Severability.

If any portion or all of this Agreement is held to be unenforceable for any reason, the remainder of that provision and the remainder of the Agreement shall remain in full force and effect.

19. Notices.

All notices permitted or required under this Agreement shall be given to the respective parties at the following address, or at such other address as the respective parties may provide in writing for this purpose:

To Attorney:

Liebert Cassidy Whitmore
6033 West Century Boulevard
Los Angeles, California 90045

To City:

100 Civil Center Mall
Indio, CA 92201
Attn: City Manager

Such notice shall be deemed made when personally delivered or when mailed, forty-eight (48) hours after deposit in the U.S. Mail, first class postage prepaid and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred regardless of the method of service.

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20. Previous Agreements.

This Agreement supersedes any previous agreements entered into by the parties as of the Effective Date.

CITY OF INDIO:

_____________________________
Bryan Montgomery
City Manager
ATTEST:

____________________________

CYNTHIA HERNANDEZ
City Clerk

APPROVED AS TO FORM:

____________________________

STEVEN GRAHAM
City Attorney

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LIEBERT CASSIDY WHITMORE,
A Professional Corporation

Name:

Title:

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I. PUBLIC AGENCY FEE SCHEDULE

Hourly Rates (As of Agreement Effective Date)

Partners $445.00
Senior Counsel $365.00
Associates $270.00 - $345.00

Labor Relations/Human Resources Consultant
Paralegals
Paraprofessionals & Litigation Support
$280.00

$150.00
$
$75.00 - $150.00

Classification & Compensation Consultant $210.00
E-Discovery Specialists
Law Clerks
$175.00
$150.00 - $185.00

II. COST SCHEDULE

1. Photocopies $0.15 per copy

2. Facsimile Transmittal $0.50 per page

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City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Miguel Ramirez-Cornejo, Interim Dir. of Economic Development Subject: Approval of Development Impact Fee "DIF" Deferral Agreement with SST Real Estate, LLC for a new apartments complex known as Blu Sapphire for a total amount of $314,436.97

RECOMMENDATION:

Approval of the Development Impact Fee (DIF) Deferral Agreement with SST Real Estate, LLC for the construction of a new four story apartment building known as Blu Sapphire with 40 apartment units on for a total amount of $314,436.97; 2) Authorize the City Manager and the City Attorney to execute the Deferral Agreement.

SUMMARY:

Deferral of City Development Impact Fees (DIFs) in the amount of $314,436.97 between the City of Indio and SST Real Estate, LLC for the construction of a new 28,369 SF apartment building consisting of 41 apartment units.

BACKGROUND INFORMATION:

On February 15, 2023, the Indio City Council adopted Resolution No. 10343, which established the Development Impact Fee Deferral Program (Deferral Program). The aim of the program is to promote the development of commercial, industrial, and multi-family projects in order to maintain the City's momentum. The Deferral Program in the City of Indio seeks to stimulate economic growth and job creation by deferring development impact fees for qualifying commercial, industrial, and multi- family projects.

Project Description:

SST Real Estate, LLC has submitted an application for a Development Impact Fee Deferral Agreement, totaling $314,436.97, to support the construction of new 28,369 SF building on Oasis St. across from the College of the Desert Child Development Center. The four story apartment building will include 40 apartment units. The project parcel is zoned as Downtown Neighborhood (DT-N) and contains the Retail Ready Overlay (RR-O) and is in accordance with the development standards defined within Chapter 3 of the Downtown Specific Plan. The total DIF amount is approximately $314,436.97 and the location address for this project is 45733 Oasis St.

To be eligible for the Development Impact Fee Deferral Program, projects must meet the following criteria:

AGENDA ITEM #8.12
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1. JOB CREATION: The commercial or industrial project must create a minimum of 10 fulltime jobs that will be in place for a minimum of 24 months and make good-faith efforts in hiring residents of the City of Indio.

2. SALES TAX GENERATING: The commercial or industrial project will generate a minimum sales tax and Measure X revenues of $25,000, or greater, annually during the Deferral Period.

3. HOUSING UNITS: If a multi-family project, a minimum of 14 units per acre

SST Real Estate, LLC acknowledges the requirements of this DIF Deferral Agreement and understands that fees are due within three (3) years.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
0 In current year budget: N/A
Current FY General
Fund Impact:
0 Budget adjustment: N/A
Next FY Financial
Impact:
0 Strategic Objective: Business & Job Growth
Source of funds: N/A Fund-Org-Object
Reference:

Additional Financial Details:

Approval for the Deferral Agreement with SST Real Estate, LLC will have no direct impact on the budget. This agreement will defer payment of impact fees for three (3) years and does not waive fees.

ATTACHMENTS:

Attachment 1 - DIF Deferral AGMT- SST Real Estate LLC

APPROVAL(S):

Miguel Ramirez-Cornejo, Interim Dir. of Economic Development Approved - 14 Aug 2024 Jennifer A. Mizrahi, Assistant City Attorney Approved - 14 Aug 2024 Ruby D. Walla, Director of Finance Approved - 14 Aug 2024 Bryan H. Montgomery, City Manager Approved - 14 Aug 2024

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RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:

CITY OF INDIO

CITY CLERK
100 CIVIC CENTER MALL
INDIO, CA 92201
______________________________________________________________________ Space above this line for Recorder’s Use Exempt from Fees Per Gov. Code § 6103

DEVELOPMENT IMPACT FEE “DIF”

DEFERRAL AGREEMENT

By and Between

City of Indio,
a municipal corporation

and

SST Real Estate LLC
(“Owner”)

August 21, 2024

Riverside County, California

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DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT

This Development Impact Fee Deferral Agreement ( the “Agreement”) is made and entered into by and betw een the City of Indio, a California municipal corporation (“City”) and SST Real Estate LLC (“Owner”), collectively, the (“Parties”) with reference to the following facts:

RECITALS

A. The recording of this document is for the benefit of the City to secure Owner’s payment of Development Impact Fees (“DIF”).

B. Owner is the owner of that certain real property in the City of Indio, County of Riverside , State of California, more particularly described on the attached Exhibit “A” (the “Property”).

C. Owner has requested the deferral of DIF associated with the development of the Property in the total amount of $ 314,436.97.

D. The DIF applicable for deferral is more particularly described on Exhibit “B” attached hereto and incorporated herein (“Deferred Fees”).

E. Pursuant to the City’s DIF Deferral Program, t he City Manager may defer the payment of certain DIF for a maximum period of three (3) years from the issuance of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first for the Property (“Certificate of Occupancy”).

F. As a condition to the deferral, the City requires the Owner to execute and record this Agreement, which provides that the Deferred Fees shall be paid within the time set forth in Section 3 and be secured by a lien on the Property.

AGREEMENT

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

1. Incorporation. All the above recitals are true and correct and are fully incorporated into this Agreement by reference and made a part hereof.

2. Effective Date. This Agreement shall be effective upon the date it is executed by the City Manager (“Effective Date”).

3. Deferral. City agrees to defer collection of the payment of Deferred Fees for a maximum period of three (3) years from the issuance of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first. Owner, on behalf of itself and its successors and assigns, agrees to pay the Deferred Fees with a cashiers/certified check , or by other means approved by the City, within three (3) years from the date of issuance of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first (“Due Date”). This Agreement shall be null and void and the Deferred Fees immediately due and payable if the Owner does not apply for and diligently take all reasonable actions to obtain a Temporary Certificate of Occupancy/ Certificate of Occupancy ,

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whichever comes first within si x (6) months or if Owner fails to begin operating the business described on the application (attached hereto as Exhibit C) within two (2) years. The Owner shall be required to provide, at its sole expense, a surety bond or other security satisfactory to the City Manager, in the full amount of the Deferred Fees for the entire time period the fees are deferred.

4. Amount Payable. At the time the Deferred Fees become payable, the amount of Deferred Fees owed shall be determined by the DIF rate for the year in which the Deferred Fees are actually paid.

5. Related Costs and Interest. If the Owner does not pay the Deferred Fees in full by the Due Date, the Owner shall be obligated to pay all expenses the City incurs to collect any past-due amounts, including but not limited to costs for City staff time, third-party costs, reasonable attorneys’ fees, and litigation costs (“Related Costs”). Moreover, any amount not paid by the Due Date shall be subject to interest at the annual rate of 5% (“Interest”) until the Deferred Fees, including Related Costs, are paid in full.

6. Lien. This Agreement shall be recorded against the Property in the Office of the Riverside County Recorder and shall constitute a lien for the payment of the Deferred Fees, binding upon, and running with, the Property. If all or any portion of the Property is sold, the Owner or any successor in interest shall ensure the inclusion of an escrow instruction providing for payment of the Deferred Fees, Related Costs, and Interest, out of escrow from sale proceeds , prior to disbursing proceeds to the Owner or successor in interest. The debt for the Deferred Fees shall only be deemed satisfied and discharged when the Deferred Fees and (if applicable) Related Costs and Interest are paid in full to the City. The Property shall not otherwise be released of any obligations under this Agreement until the entire amount owing is paid in full. This Agreement shall be binding upon, and the benefits of this Agreement shall inure to, the Parties and all successors in interest to the Parties.

7. Remedies. Parties acknowledge that the City will have already issued building permits, other entitlements, and the Temporary Certificate of Occupancy/ Certificate of Occupancy by the time the Deferred Fees become due and owing and that the City ’s willingness to issue such permits and entitlements without first receiving payment for DIF is based on the Owner’s irrevocable agreement herein to pay the Deferred Fees by the Due Date. If the Owner fails to pay the Deferred Fees by the Due Date, the City reserves the right t o revoke, suspend, terminate, or otherwise void any permit, license, and/or entitlement issued in connection with the Property, including but not limited to the Temporary Certificate of Occupancy/ Certificate of Occupancy, use permits, and business licenses, without any pre - and/or post -deprivation hearing. In addition to the other remedies that may be available to the City in law or equity for breach of this Agreement, if the Owner fails to pay the Deferred Fees by the Due Date , the City may pursue collection through all available legal and administrative means including but not limited to foreclosure of this recorded lien and/or civil judgment against the Owner for breach of this Agreement. The rights and remedies of the City provided in this section shall be cumulative, not exclusive, and are in addition to any other rights or remedies provided by law.

8. No Waiver. The acceptance by the City of any sum in an amount less than the sum then due shall not constitute a waiver of the obligation of the Owner to pay the entire sum then due. Until the entire amount owing is paid, the City shall at all times be entitled to exercise all the remedies herein conferred. No delay or omission of the City in the exercising of any right or power herein shall

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impair such right or power, or any other right or power, nor shall it be construed as a waiver.

9. Authority. The person signing on behalf of the Owner certifies that s/he can legally bind the Owner and agrees to hold the City harmless if it is later determined that such authority does not exist.

10. Indemnification. Owner agrees to indemnify, defend and hold harmless the City and its officials, officers, agents, and employees for any claims, causes of action or damages/costs arising from the City's deferral of DIF pursuant to this Agreement.

11. Protest. Pursuant to Government Code Section 66020(d), notice is given that the ninety-day period in which the Owner may protest the imposition of DIF identified in Exhibit “B” begins as of the Effective Date, unless the DIF were imposed at an earlier time, in which case, the ninety- day period begins at the earlier time.

12. Severability. In the event any provision of this Agreement is held to be unenforceable in any respect, such unenforceability shall not affect any other provision of this Agreement.

13. Successors and Assigns. This Agreement inures to the benefit of and binds all parties hereto, their heirs, administrators, legal representatives, successors, and assigns.

14. Governing Law and Venue. This Agreement has been executed and delivered in the State of California and is to be construed and enforced according to and governed by the laws thereof. Any action at law or in equity brought by either of the Parties hereto for the purpose of enforcing a right or rights provided for by this Agreement shall be tried in the Superior Court of California, County of Riverside, and the parties hereby waive all provisions of law providing for a change of venue in such proceedings to any other county.

(Signatures on Following Page.)

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SIGNATURE PAGE TO DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT

IN WITNESS WHEREOF, the parties hereto have executed this Development Impact Fee Deferral Agreement as of the date below.

"OWNER"

By:_______________________________
Tony Ashai Shafat Qazi
Owner

Date: ___________________

"CITY"

CITY OF INDIO

By:
_______________________________
Bryan H. Montgomery
City Manager

Date:
___________________

ATTEST:

By: _______________________________
Sabdi Sanchez, CMC
City Clerk Administrator

Date: ___________________

APPROVED AS TO FORM:

By: _______________________________
Steven P. Graham
City Attorney

Date: ___________________

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ACKNOWLEDGEMENT

STATE OF CALIFORNIA )
COUNTY OF ________________________)

On _________________, 20_____, before me, _______________________________________, Date Insert Name and Title of the Officer

personally appeared ____________________________________________________________ Name(s) of Signer(s)
_____________________________________________________________________________, who proved to me on the basis of satisfactory evidence to be the person whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity, and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature________________________________
Signature of Notary Public

Place Notary Seal Above

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

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ACKNOWLEDGEMENT

STATE OF CALIFORNIA )
COUNTY OF ________________________)

On _________________, 20_____, before me, _______________________________________, Date Insert Name and Title of the Officer

I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature________________________________
Signature of Notary Public

Place Notary Seal Above

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Exhibit “A”
Legal Descriptions

LOT 18 BLK 4 MB 014/059 GILLETTE PARK LOT 18 BLOCK 4 SUBDIVISIONNAME GILLETTE PARK LOTTYPE LOT RECMAPTYPE MAP BOOK MAPPLATB 014 MAPPLATP 059

APN: 611-193-016

LOT 19 BLK 4 MB 014/059 GILLETTE PARK LOT 19 BLOCK 4 SUBDIVISIONNAME GILLETTE PARK LOTTYPE LOT RECMAPTYPE MAP BOOK MAPPLATB 014 MAPPLATP 059

APN: 611-193-017

LOT 20 BLK 4 MB 014/059 GILLETTE PARK LOT 20 BLOCK 4 SUBDIVISIONNAME GILLETTE PARK LOTTYPE LOT RECMAPTYPE MAP BOOK MAPPLATB 014 MAPPLATP 059

APN: 611-193-018

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Exhibit “B”
Permits/Buildings
Subject to DIF Deferral (1)

Tract/Parcel Number(s) Lot/Phase Number(s) Developer Building Type Units 611-193-017 N.A. SST Real
Estate
LLC
Apartments 40

DIF Deferred for Above-Stated Permits/Buildings:

DIF Amount(2)
Permit No. B22-004-775 $314,436.97

(1) The deferred DIF shall become due and payable on the date that is three [3] years following the of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first for the Property . (2) The determination of the DIF shall be the DIF in effect at the time of payment, and not at the time of building permit issuance. Deferred fees are subject to change due to modifications in the DIF Program and application of DIF Credits.

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Exhibit “C”
Application

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City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Miguel Ramirez-Cornejo, Interim Dir. of Economic Development Subject: Approval of Development Impact Fee "DIF" Deferral Agreement with Pacific West Communities, Inc for a new phase 2 apartments complex for a total amount of $1,318,746.82

RECOMMENDATION:

Approval of the Development Impact Fee (DIF) Deferral Agreement with Pacific West Communities, Inc for the construction of a new phase 2 apartment building for a total amount of $1,318,746.82; 2) Authorize the City Manager and the City Attorney to execute the DIF Deferral Agreement.

SUMMARY:

Deferral of City Development Impact Fees (DIFs) in the amount of $1,318,746.82 between the City of Indio and Pacific West Communities, Inc for the construction of nine residential apartment buildings and one commercial building totaling 209,213 SF.

BACKGROUND INFORMATION:

Project Description:

Pacific West Communities, Inc has submitted an application for a Development Impact Fee Deferral Agreement, apartment residential nine of construction to support $1,318,746.82, totaling the buildings and one commercial building, with a total space of 209,213 SF. This project will be located on Jefferson St. and Highway 111. This project consists of a total of 401 apartment units with phase two consisting of 214 apartment units and a community clubhouse. Prior to the Highway 111 Corridor Specific Plan being adopted by Council, the project parcel was zoned as MUSP – 300 and is in accordance with the development standards defined in the MUSP – 300 specific plan. The estimated DIF amount is approximately $1,318,746.82 and the project address is 47555 Jefferson St.

To be eligible for the Development Impact Fee Deferral Program, projects must meet the following criteria:

AGENDA ITEM #8.13
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2. SALES TAX GENERATING: The commercial or industrial project will generate a minimum sales tax and Measure X revenues of $25,000, or greater, annually during the Deferral Period.

3. HOUSING UNITS: If a multi-family project, a minimum of 14 units per acre

Pacific West Communities, Inc acknowledges the requirements of this DIF Deferral Agreement and understands that fees are due within three (3) years.

ATTACHMENTS:

Attachment 1 - DIF Deferral AGMT - Arroyo Crossing

APPROVAL(S):

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RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:

CITY OF INDIO

DEVELOPMENT IMPACT FEE “DIF”

DEFERRAL AGREEMENT

By and Between

City of Indio,
a municipal corporation

and

Pacific West Communities, Inc.
(“Owner”)

August 21, 2024

Riverside County, California

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DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT

This Development Impact Fee Deferral Agreement ( the “Agreement”) is made and entered into by and between the City of Indio, a California municipal corporation (“City”) and Pacific West Communities, Inc. (“Owner”), collectively, the (“Parties”) with reference to the following facts:

RECITALS

A. The recording of this document is for the benefit of the City to secure Owner’s payment of Development Impact Fees (“DIF”).

B. Owner is the owner of that certain real property in the City of Indio, County of Riverside , State of California, more particularly described on the attached Exhibit “A” (the “Property”).

C. Owner has requested the deferral of DIF associated with the development of the Property in the total amount of $
1,318,746.82.

D. The DIF applicable for deferral is more particularly described on Exhibit “B” attached hereto and incorporated herein (“Deferred Fees”).

AGREEMENT

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

1. Incorporation. All the above recitals are true and correct and are fully incorporated into this Agreement by reference and made a part hereof.

2. Effective Date. This Agreement shall be effective upon the date it is executed by the City Manager (“Effective Date”).

3. Deferral. City agrees to defer collection of the payment of Deferred Fees for a maximum period of three (3) years from the issuance of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first. Owner, on behalf of itself and its successors and assigns, agrees to pay the Deferred Fees with a cashiers/certified check, or by other means approved by the City, within three (3) years from the date of issuance of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first (“Due Date”). This Agreement shall be null and void and the Deferred Fees immediately due and payable if the Owner does not apply for and diligently take all reasonable actions to obtain a Temporary Certificate of Occupancy/Certificate of Occupancy,

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Approval of Development Impact Fee "DIF" Deferral Agreement with Pacific... Page 226 of 507 whichever comes first within six (6) months or if Owner fails to begin operating the business described on the application (attached hereto as Exhibit C) within two (2) years. The Owner shall be required to provide, at its sole expense, a surety bond or other security satisfactory to the City Manager, in the full amount of the Deferred Fees for the entire time period the fees are deferred.

4. Amount Payable. At the time the Deferred Fees become payable, the amount of Deferred Fees owed shall be determined by the DIF rate for the year in which the Deferred Fees are actually paid.

7. Remedies. Parties acknowledge that the City will have already issued building permits, other entitlements, and the Temporary Certificate of Occupancy/Certificate of Occupancy by the time the Deferred Fees become due and owing and that the City’s willingness to issue such permits and entitlements without first receiving payment for DIF is based on the Owner’s irrevocable agreement herein to pay the Deferred Fees by the Due Date. If the Owner fails to pay the Deferred Fees by the Due Date, the City reserves the right t o revoke, suspend, terminate, or otherwise void any permit, license, and/or entitlement issued in connection with the Property, including but not limited to the Temporary Certificate of Occupancy/Certificate of Occupancy, use permits, and business licenses , without any pre - and/or post -deprivation hearing. In addition to the other remedies that may be available to the City in law or equity for breach of this Agreement, if the Owner fails to pay the Deferred Fees by the Due Date , the City may pursue collecti on through all available legal and administrative means including but not limited to foreclosure of this recorded lien and/or civil judgment against the Owner for breach of this Agreement. The rights and remedies of the City provided in this section shall be cumulative, not exclusive, and are in addition to any other rights or remedies provided by law.

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Approval of Development Impact Fee "DIF" Deferral Agreement with Pacific... Page 227 of 507 herein conferred. No delay or omission of the City in the exercising of any right or power herein shall impair such right or power, or any other right or power, nor shall it be construed as a waiver.

12. Severability. In the event any provision of this Agreement is held to be unenforceable in any respect, such unenforceability shall not affect any other provision of this Agreement.

13. Successors and Assigns. This Agreement inures to the benefit of and binds all parties hereto, their heirs, administrators, legal representatives, successors, and assigns.

(Signatures on Following Page.)

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SIGNATURE PAGE TO DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT

IN WITNESS WHEREOF, the parties hereto have executed this Development Impact Fee Deferral Agreement as of the date below.

"OWNER"

By: _______________________________
Caleb Roope
President and CEO

Date: ___________________

"CITY"

CITY OF INDIO

By:_______________________________
Bryan H. Montgomery
City Manager

Date: ___________________

ATTEST:

__________________________________
Sabdi Sanchez, CMC
City Clerk Administrator

APPROVED AS TO FORM:

Steven Graham
City Attorney

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ACKNOWLEDGEMENT

STATE OF CALIFORNIA )
COUNTY OF ________________________)

On _________________, 20_____, before me, _______________________________________, Date Insert Name and Title of the Officer

I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature________________________________
Signature of Notary Public

Place Notary Seal Above

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ACKNOWLEDGEMENT

STATE OF CALIFORNIA )
COUNTY OF ________________________)

On _________________, 20_____, before me, _______________________________________, Date Insert Name and Title of the Officer

I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature________________________________
Signature of Notary Public

Place Notary Seal Above

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Approval of Development Impact Fee "DIF" Deferral Agreement with Pacific... Page 231 of 507 Exhibit “A”
Legal Description

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF INDIO IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:

THE NORTH HALF OF THE NORTH HALF OF THE SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 29, TOWNSHIP 5 SOUTH, RANGE 7 EAST, SAN

BERNARDINO MERIDIAN, IN THE CITY OF INDIO, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, ACCORDING TO THE OFFICIAL PLAT THEREOF.

EXCEPT THEREFROM THAT PORTION CONVEYED TO THE COACHELLA VALLEY COUNTY WATER DISTRICT BY A DOCUMENT RECORDED MARCH 12, 1976 AS INSTRUMENT NO. 32965 ---OF OFFICIAL RECORDS.

ALSO EXCEPT THEREFROM THAT PORTION LYING NORTHWESTERLY OF THE

NORTHWESTERLY LINE IN THE ABOVE DESCRIBED DEED TO THE COACHELLA VALLEY COUNTY WATER DISTRICT.

ALSO EXCEPT THEREFROM THAT PORTION OF SAID LAND AS DISCLOSED BY A

JUDGMENT AND FINAL ORDER OF CONDEMNATION, IN FAVOR OF THE CITY OF INDIO, IN THE DOCUMENT RECORDED FEBRUARY 10, 2003 AS INSTRUMENT NO. 2003-097761 OF OFFICIAL RECORDS.

APN: 600-020-059 (FORMERLY KNOWN AS 600-020-006)

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Approval of Development Impact Fee "DIF" Deferral Agreement with Pacific... Page 232 of 507 Exhibit “B”
Permits/Buildings
Subject to DIF Deferral (1)

Tract/Parcel
Number(s)
Lot/Phase
Number(s)
Developer Building Type Units
600-020-058 Phase 1 Pacific West
Communities,
Inc
Residential
multifamily
184
600-020-059 Phase 2 Pacific West
Communities,
Inc
Residential
multifamily
214

DIF Deferred for Above-Stated Permits/Buildings:

DIF Amount(2)
Permit No. B21-003-210 1,300,163.13
Permit No. B21-003-211 18,583.69

(1) The deferred DIF shall become due and payable on the date that is three [3] years following the of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first for the Property. (2) The determination of the DIF shall be the DIF in effect at the time of payment, and not at the time of building permit issuance. Deferred fees are subject to change due to modifications in the DIF Program and application of DIF Credits.

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Approval of Development Impact Fee "DIF" Deferral Agreement with Pacific... Page 233 of 507 Exhibit “C”
Application

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Approval of Development Impact Fee "DIF" Deferral Agreement with Pacific... Page 234 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Miguel Ramirez-Cornejo, Interim Dir. of Economic Development Conflict: Yes Member: Elaine Holmes
Subject: Fourth Amendment to the Disposition and Development Agreement between the City of Indio and Coachella Valley Development Partners, assumed by Versed Development Group, for the completion of Skyline at Bliss & Oasis project. As well as approval of Development Impact Fees "DIF" Deferral Agreement with Versed Development Group for a new apartment complex for the total amount of approximately $450,572.65

RECOMMENDATION:

Fourth Amendment to the Disposition and Development Agreement (DDA) between the City of Indio and Coachella Valley Development Partners, now assumed by Versed Development Group, to: 1) Amend Attachment 3 of the DDA to update the project completion to no later than April 30, 2026; 2) Amend Attachment 6 of the DDA to update the Development Impact Fees (DIF) deferral amount requested; 3) Approval of the Development Impact Fees (DIF) Deferral Agreement with Versed Development Partners for the construction of a 61-unit apartment complex named "Skyline at Bliss & Oasis" in the amount of approximately $450,572.65; and 4) Authorize the City Manager and the City Attorney to take all necessary actions, including executing of all necessary documents to effectuate the amendments to the Disposition and Development Agreement.

SUMMARY:
and Disposition the to amendment fourth requested has Partners Development Versed a Development Agreement (DDA) with the City of Indio for project known as Skyline at Bliss and Oasis. This fourth amendment is to update Attachment 3 of the DDA to accurately reflect the project's completion status and the second amendment is to update Attachment 6 of the DDA to update the DIFs amount. Additionally, the request includes deferring the City Development Impact Fees (DIFs) in the amount of approximately $450,572.65 between the City of Indio and Versed Development Group for the construction of a 48,925 SF 64-unit apartment complex building on the northwest corner of Oasis Street and Bliss Avenue.

BACKGROUND INFORMATION:

December 2, 2020
The City Council entered into a Disposition and Development Agreement (DDA) with Coachella Valley Development Partners to facilitate the sale and development of city-owned property located at the northwest corner of Oasis Street and Bliss Avenue.

April 26, 2021
AGENDA ITEM #8.14
Fourth Amendment to the Disposition and Development Agreement between th... Page 235 of 507 Pursuant to Section 5.2 of the agreement, the Interim City Manager, Mark Scott granted an extension of the times of performance. Specifically, he extended the close of escrow as set forth in Attachment 3 of the DDA from April 30, 2021 to October 31, 2021, and also extended the commencement and completion of grading foundation work for an additional 6-months. The date for the completion of the project remained unchanged.

October 20, 2021
Pursuant to Section 5.2 of the DDA, the City Manager, Bryan H. Montgomery, granted an extension for the project's completion date as outlined in Attachment 3 of the DDA from October 31, 2021, to April 30, 2024.

June 28, 2022
An Assignment and Assumption of the Disposition and Development Agreement dated December 2, 2020 was executed between Coachella Valley Development Partners and Versed Development Group. Versed Development Group assumed all project obligations per the DDA, The project is called Skyline at Bliss & Oasis.

Since Versed Development Group assumed the DDA obligations, the project has made significant progress, including obtaining necessary permits. Groundbreaking occurred on May 30, 2024.

Versed Development Group has submitted a letter (Attachment 1) requesting a fourth amendment to the DDA (Attachment 2) to amend the following:

1. Amendment to Attachment 3 of the DDA: Versed Development Group proposes to extend the project's completion date to no later than April 30, 2026. Since assuming control of the project, they have faced increased construction financing rates, which have risen from 6 to 12%. However, they have successfully secured financing for the project and construction has commenced. The estimated completion date is now set for April 30, 2026.

New Milestones:
 May 30, 2024: Ground breaking
 May 27, 2024 - August 16, 2024: Commencement and completion of demolition & grading
 August 19, 2024: Foundation work
 No later than April 30, 2026: Completion of project construction

2. Amendment to Attachment 6 of the DDA: Versed Development Group requests to update Attachment 6 of the DDA to reflect the updated DIF deferral amount, totaling approximately $450,572.65.

3. Development Impact Fee Deferral Agreement: Versed Development Group has submitted an application for a Development Impact Deferral Agreement (Attachment 2). This will support the construction of a new 49,140 SF 61-unit apartment complex building on the northwest corner Downtown as zoned is parcel project Bliss Avenue. and Street Oasis of The Neighborhood (DT-N) and contains the Retail Ready Overlay (RR-O) and is in accordance with the development standards defined within Chapter 3 of the Downtown Specific Plan.

To be eligible for the Development Impact Fee Deferral Program, projects must meet the following criteria:

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2. GENERATING: TAX SALES a generate project industrial or will The commercial minimum sales tax and Measure X revenues of $25,000, or greater, annually during the Deferral Period.

3. HOUSING UNITS: If a multi-family project, a minimum of 14 units per acre Versed Development Group acknowledges the requirements of this DIF Deferral Agreement and understands that fees are due within three (3) years.

FINANCIAL SUMMARY:

Additional Financial Details:
of Versed with Agreement Deferral the approval the for DDA the to Amendment Fourth Development Group and extension of project's timeline will have no direct impact on the budget. The DIF Deferral Agreement will defer payment of impact fees for three (3) years and does not waive fees.

ATTACHMENTS:

Attachment 1 - Skyline_Extension Request
Attachment 3 - DIF Deferral AGMT - Versed Development Group Attachment 2 - Fourth Amendment to the DDA Skyline Project (Versed Development Group)

APPROVAL(S):

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License # 951607 ▪ GENERAL CONTRACTOR ▪ ARCHITECTURAL DESIGN ▪ CONSTRUCTION MANAGEMENT License # 936147 ▪ GENERAL ENGINEERING

June 15, 2024

RE: DDA Amendment_Fee Deferral_Schedule of Performance_Skyline Mixed Use Project_Case File No. DR-20-08-477

Dear Carl,

Thank you yet again for your review and consideration of amending existing DDA for Skyline mixed use project.

Current disposition & development agreement (DDA) was approved & assigned June 29, 2022. We have officially broken ground on the project and had a very successful and notable groundbreaking ceremony 5/30/24 . In a continued effort to expand the success of Skyline @ Bliss & Oasis we are looking to amend and modify our existing (DDA) as follows:

Implement new 3-year fee deferral program recently adopted in downtown district to facilitate financing and development in today’s financial market which differs from 2022. We are seeking to have updated fee schedule of $438,721.24, received 6/7/2024 be added to DDA as attachment 6.

In addition to fee deferral, we are requesting schedule of performance section 3/attachment 3 be amended to reflect the below milestone dates , In addition the separately attached “full” construction schedule should be included in section 3 to correlate with milestones:

• May 30, 2024 Ground breaking
• Commence Demolition & Grading/Complete Demolition Grading o 5/27/24-8/16/2024
• Commence Underground/Foundation Work
o 8/19/2024
• Completion of Construction
o No later than April 30, 2026

It has been a long road from 2022 as financing has turned dramatically from 6 -7% to 9-12% in construction finance rates, that said we never waivered as Versed Development Group, LLC. has committed over 1.7 million in capital to project ranging from profess ional services, impact fees, marketing, legal and land acquisition. We actively sought financing throughout 2022 -2024 giving quarterly if not more frequent updates to the economic development department.

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After multiple LOI’s we found financing through a private equity fund:

Light House Fund, LLC
44-800 Village Ct.

Palm Desert, CA 92260

We have secured the remaining 13.5 million dollars in construction to finish the project and meet our anticipated completion date of 4/30/2026. Loan documents and personal guarantee commitments from Oscar Lua, Walter Neil and Frank Halcovich can be submitted under separate cover and secure delivery upon request.

We once again thank you and the city for the continued commitment and partnership. We look forward to a favorable response and collective success of Skyline at Bliss & Oasis.

Sincerely,

Oscar Lua, General Partner
Statewide Services, Inc
Statewide Services, Inc
47050 Washington Street, Suite 4101 ▪ La Quinta, CA 92253 760.699.5434 Office ▪ 760.699.5466 Fax ▪
www.statewideinc.net

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RECORDING REQUESTED BY AND
WHEN RECORDED RETURN TO:

CITY OF INDIO

DEVELOPMENT IMPACT FEE “DIF”

DEFERRAL AGREEMENT

By and Between

City of Indio,
a municipal corporation

and

Versed Development Group
(“Assignee”)

August 21, 2024

Riverside County, California

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Fourth Amendment to the Disposition and Development Agreement between th... Page 240 of 507

DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT

This Development Impact Fee Deferral Agreement ( the “Agreement”) is made and entered into by and betw een the City of Indio, a California municipal corporation (“City”) and Versed Development Group (“Assignee”), collectively, the (“Parties”) with reference to the following facts:

RECITALS

A. The recording of this document is for the benefit of the City to secure Owner’s payment of Development Impact Fees (“DIF”).

B. Owner is the owner of that certain real property in the City of Indio, County of Riverside , State of California, more particularly described on the attached Exhibit “A” (the “Property”).

C. Owner has requested the deferral of DIF associated with the development of the Property in the total amount of $450,572.65.

D. The DIF applicable for deferral is more particularly described on Exhibit “B” attached hereto and incorporated herein (“Deferred Fees”).

AGREEMENT

NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS:

1. Incorporation. All the above recitals are true and correct and are fully incorporated into this Agreement by reference and made a part hereof.

2. Effective Date. This Agreement shall be effective upon the date it is executed by the City Manager (“Effective Date”).

3. Deferral. City agrees to defer collection of the payment of Deferred Fees for a maximum period of three (3) years from the issuance of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first. Owner, on behalf of itself and its successors and assigns, agrees to pay the Deferred Fees with a cashiers/certified check, or by other means approved by the City, within three (3) years from the date of issuance of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first (“Du e Date”). This Agreement shall be null and void and the Deferred Fees immediately due and payable if the Owner does not apply for and diligently take all reasonable actions to obtain a Temporary Certificate of Occupancy/Certificate of Occupancy,

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Fourth Amendment to the Disposition and Development Agreement between th... Page 241 of 507 whichever comes first within six (6) months or if Owner fails to begin operating the business described on the application (attached hereto as Exhibit C) within two (2) years. The Owner shall be required to provide, at its sole expense, a surety bond or other security satisfactory to the City Manager, in the full amount of the Deferred Fees for the entire time period the fees are deferred.

4. Amount Payable. At the time the Deferred Fees become payable, the amount of Deferred Fees owed shall be determined by the DIF rate for the year in which the Deferred Fees are actually paid.

7. Remedies. Parties acknowledge that the City will have already issued building permits, other entitlements, and the Temporary Certificate of Occupancy/Certificate of Occupancy by the time the Deferred Fees become due and owing and that the City’s willingness to issue such permits and entitlements without first receiving payment for DIF is based on the Owner’s irrevocabl e agreement herein to pay the Deferred Fees by the Due Date. If the Owner fails to pay the Deferred Fees by the Due Date, the City reserves the right to revoke, suspend, terminate, or otherwise void any permit, license, and/or entitlement issued in connect ion with the Property, including but not limited to the Temporary Certificate of Occupancy/Certificate of Occupancy, use permits, and business licenses, without any pre - and/or post -deprivation hearing. In addition to the other remedies that may be available to the City in law or equity for breach of this Agreement, if the Owner fails to pay the Deferred Fees by the Due Date, the City may pursue collection through all available legal and administrative means including but not limited to foreclosure of this recorded lien and/or civil judgment against the Owner for breach of this Agreement. The rights and remedies of the City provided in this section shall be cumulative, not exclusive, and are in addition to any other rights or remedies provided by law.

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Fourth Amendment to the Disposition and Development Agreement between th... Page 242 of 507 impair such right or power, or any other right or power, nor shall it be construed as a waiver.

12. Severability. In the event any provision of this Agreement is held to be unenforceable in any respect, such unenforceability shall not affect any other provision of this Agreement.

13. Successors and Assigns. This Agreement inures to the benefit of and binds all parties hereto, their heirs, administrators, legal representatives, successors, and assigns.

(Signatures on Following Page.)

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Fourth Amendment to the Disposition and Development Agreement between th... Page 243 of 507

SIGNATURE PAGE TO DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT

IN WITNESS WHEREOF, the parties hereto have executed this Development Impact Fee Deferral Agreement as of the date below.

"ASSIGNEE"

By: _______________________________
Oscar Lua
Managing Partner

Date: ___________________

"CITY"

CITY OF INDIO

By: _______________________________
Bryan H. Montgomery
City Manager

Date: ___________________

ATTEST:

__________________________________
Sabdi Sanchez, CMC
City Clerk Administrator

APPROVED AS TO FORM:

Steven P. Graham
City Attorney

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Fourth Amendment to the Disposition and Development Agreement between th... Page 244 of 507

ACKNOWLEDGEMENT

STATE OF CALIFORNIA )
COUNTY OF ________________________)

On _________________, 20_____, before me, _______________________________________, Date Insert Name and Title of the Officer

I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature________________________________
Signature of Notary Public

Place Notary Seal Above

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ACKNOWLEDGEMENT

STATE OF CALIFORNIA )
COUNTY OF ________________________)

On _________________, 20_____, before me, _______________________________________, Date Insert Name and Title of the Officer

I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature________________________________
Signature of Notary Public

Place Notary Seal Above

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Fourth Amendment to the Disposition and Development Agreement between th... Page 246 of 507 Exhibit “A”
Legal Description

LOTS 20 AND 21 IN BLOCK "O" OF KING AND NARRAMORE ADDITION TO INDIO NO. 1, AS SHOWN BY MAP ON FILE IN BOOK 10, PAGE(S) 51, OF MAPS OF RIVERSIDE COUNTY, CALIFORNIA.

APN 611-164-011 AND 611-164-013

THE FOLLOWING PROPERTY IN THE CITY OF INDIO, RIVERSIDE COUNTY, STATE OF CALIFORNIA DESCRIBED AS LOT 10, 11, 12 BLOCK) OF TRACT KING AND NARRAMORE ADDITION TO INDIO NO. 1, IN THE CITY OF INDIO, COUNTY OF RIVERSIDE AS PER MAP RECORDED IN BOOK 10, PAGE(S) 51, OF MAPS IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY.

APN: 611-64-014

LOTS 22, 23, AND 24 IN BLOCK "O" OF KING AND NARRAMORE ADDITION TO INDIO NO. 1, AS SHOWN BY MAP ON FILE IN BOOK 10 PAGE 51 OF MAPS, RIVERSIDE COUNTY RECORDS;

EXCEPTING THEREFROM AN UNDIVIDED ONE-HALF INTEREST IN ALL PETROLEUM, OIL, NATURAL GAS, OR OTHER MINERALS, AS RESERVED IN DEED FROM JOHN R. HA YNES AND WIFE TO H. C. WILMOT AND GEORGE N. HURD, RECORDED DECEMBER 22, 1919 IN BOOK 506 PAGE 240 OF DEEDS, RIVERSIDE COUNTY RECORDS.

APN 611-164-015

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Fourth Amendment to the Disposition and Development Agreement between th... Page 247 of 507 Exhibit “B”
Permits/Buildings
Subject to DIF Deferral (1)

Tract/Parcel Number(s) Lot/Phase Number(s) Developer Building Type Units 611-164-011 Oscar Lua Residential 61

DIF Deferred for Above-Stated Permits/Buildings:

DIF Amount(2)
Permit No. B22-002886 $371,831.86
Permit No. B22-002889 $20,940.41
Permit and Plan Check Fees $57,800.38

(1) The deferred DIF shall become due and payable on the date that is three [3] years following the of a Temporary Certificate of Occupancy/Certificate of Occupancy, whichever comes first for the Property. (2) The determination of the DIF shall be the DIF in effect at the time of payment, and not at the time of building permit issuance. Deferred fees are subject to change due to modifications in the DIF Program and application of DIF Credits.

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Fourth Amendment to the Disposition and Development Agreement between th... Page 248 of 507 Exhibit “C”
Application
(TO BE INSERTED ONCE RECEIVED FROM DEVELOPER)

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FOURTH AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT

THIS FOURTH AMENDMENT TO DISPOSITION AND DEVELOPMENT
AGREEMENT (this “Fourth Amendment ”) is to that Disposition and Development Agreement dated December 2, 2020, as amended, and is entered into as of August 21, 2024, by and between the CITY OF INDIO, a municipal corporation (“City”) and VERSED DEVELOPMENT GROUP, a California corporation (“Developer”).

RECITALS:

A. City and Coachella Valley Development Partners, LLC, (“CVDP”) entered into a Disposition and Development Agreement dated December 2, 2020 (the “2020 DDA”) and which provided for the sale by the City to CVDP certain land described therein (the “Property”) and the development by CVDP of a project thereon (the “Project”).

B. On April 26, 2021, CVDP obtained an extension of the deadline for the Close of Escrow under the 2020 DDA to October 31, 2021 (which was granted by the City Manager pursuant to the authority given to the City Manager under the 2020 DDA) (“Amendment No.1”).

CVDP did not close on October 29, 2021, but instead requested additional extensions of time.

C. On October 20, 2021, CVDP obtained a further extension of the deadline for the Close of Escrow to April 30, 2022, in addition to the extension of other deadlines described in the Schedule of Performance under the 2020 DDA (which was granted by the City Manager pursuant to the authority given to the City Manager under the 2020 DDA) (“Amendment No. 2”). CVDP did not close on April 30, 2022.

D. On June 15, 2022, CVDP obtained a further extension of the deadline for the Close of Escrow to December 24, 2022, w ith no further extension available , in addition to the extension of certain other deadlines and the establishment of certain parameters regarding the Project (“Amendment No. 3”).

E. On June 28, 2022, CVDP and the Developer entered into an Assignment and Assumption of the 2020 DDA (the “Assignment and Assumption Agreement”). Under the Assignment and Assumption Agreement, the Developer assumed all the rights and obligations under the 2020 DDA.

F. The 2020 DDA, as amended by Amendment No. 1, Amendment No. 2, and Amendment No. 3, and the Assignment and Assumption Agreement shall collectively be referred to as the “DDA.”

G. City desires assurances that the Project will be constructed and completed and therefore the City and Developer now desire to further amend the DDA.

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AMENDMENT:

NOW, THEREFORE, in consideration of the foregoing and the mutual promises, covenants, and release(s) set forth, the sufficiency of which the parties hereto acknowledge, the parties hereto agree as follows:

1. Revised Attachment 3. Attachment 3 of the DDA is hereby amended in its entirety and is set forth in Exhibit A (“Schedule of Performance”) of this Fourth Amendment. In addition, Developer agrees to meet the following Project milestones:

2. Revised Attachment 6. Attachment 6 of the DDA is hereby amended in its entirety and is set forth in Exhibit B (“ Description of Deferred City Fees”) of this Fourth Amendment.

3. Entire Amendment . This Fourth Amendment is the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior and contemporaneous oral and written agreements and discussions.

4. No Wavier. The waiver of any provision of this Fourth Amendment must be in writing and signed by the party providing such waiver. The waiver of a breach of any provision of this Fourth Amendment shall not be deemed to be a waiver of such provision or any subsequent breach of the same or any other provision of this Fourth Amendment.

Acceptance of performance after the due date of such performance shall not be deemed to be a waiver of any preceding breach of any provision of this Fourth Amendment, regardless of the accepting party’s knowledge of such preceding breach at the time of acceptance of such performance. The parties further acknowledge and agree that if and to the extent that either party does not require the other to strictly comply with the

MILESTONE COMPLIANCE DATE

1. Ground Breaking Completed: May 30, 2024

2. Commence Demolition and
Grading/Complete Demolition
Grading

May 27, 2024-August 16, 2024

3. Commence
Underground/Foundation Work
August 19, 2024

4. Completion of Construction.

Developer shall complete
construction.

April 30, 2026

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covenants, amendments, and obligations contained herein, such action or inaction shall not constitute a waiver of, or otherwise affect or prejudice in any manner, either party’s present or future rights, remedies, benefits or powers, including the right to require performance of such covenants, amendments, and obligations strictly in accordance with the terms and provisions of this Fourth Amendment.

5. Severability. If any court of competent jurisdiction determines any provision of this Fourth Amendment to be invalid, illegal or unenforceable, that provision shall be deemed severed from the rest, which shall remain in full force and effect as though the invalid, ille gal or unenforceable provision had never been a part hereof.

6. Modifications. No provision of this Fourth Amendment may be changed, discharged, supplemented, terminated or waived except in a writing signed by the parties hereto.

7. Counterparts; Electronic Signature; Delivery . This Fourth Amendment may be executed in any number of counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, taken together, shall be deemed to be one and the same instrument. Emailed copies of this Fourth Amendment may be delivered by email: (i) if to City, Miguel Ramirez-Cornejo at [email protected]; (ii) if to Developer, Oscar Lua at [email protected] with originals to follow by mail.

8. Governing Law; Jurisdiction. The terms and conditions of, and the rights and obligations under, this Fourth Amendment shall be construed and enforced in accordance with, and governed by, the local laws of the State of California. Developer hereby submits to the jurisdiction of the S uperior Court of the State of California in Riverside County and agree that any dispute regarding interpretation or enforcement of, or any other matter relating to, this Fourth Amendment shall be determined in and by such court.

9. Time of Essence. Time is of the essence of each provision hereof in which time is a factor.

[SIGNATURE PAGE TO FOLLOW]

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FOURTH AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT

SIGNATURE PAGE
IN WITNESS WHEREOF, City and Developer have executed this Fourth Amendment as of the day and year first set forth above.

CITY: DEVELOPER:

CITY OF INDIO VERSED DEVELOPMENT GROUP,
a California corporation

_______________________________ _______________________________ Bryan H. Montgomery, Oscar Lua,
City Manager Managing Partner

ATTEST: APPROVED AS TO FORM:

________________________________ ________________________________ Sabdi Sanchez, CMC Steven P. Graham,
City Clerk Administrator City Attorney

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Fourth Amendment to the Disposition and Development Agreement between th... Page 253 of 507 -5-

EXHIBIT A TO FOURTH AMENDMENT TO DDA

AMENDED ATTACHMENT 3

SCHEDULE OF PERFORMANCE

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Fourth Amendment to the Disposition and Development Agreement between th... Page 254 of 507 -6-

EXHIBIT B TO FOURTH AMENDMENT TO DDA

AMENDED ATTACHMENT 6

DESCRIPTION OF DEFERRED CITY FEES

Residential
Drainage Facilities $3,772.86
Fire Facilities $7,625.00
Law Enforcement Facilities $34,465.00
Parks & Rec $160,125.00
Public Facilities $79,239.00
Road and Bridges $51,484.00
Traffic Signals $9,821.00
Planning $300.00
Art in Lieu $25,000.00

Commercial
Drainage $646.88
Fire Facilities $106.65
Law Enforcement $472.32
Public Facilities $11,579.36
Traffic Signals $2,940.55
Planning $2,285.40
Art in Lieu $1,827.50

Plan Check
Permit and Plan Check Fee $57,800.38

TOTAL: $450,572.65

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Fourth Amendment to the Disposition and Development Agreement between th... Page 255 of 507 City of Indio
City Council
August 21, 2024

STAFF REPORT

RECOMMENDATION:

Approval of Purchase Agreement with Dekra-Lite for the purchase of holiday decorations in the amount of $128,151.90.

SUMMARY:

Staff recommends approval of a Purchase Agreement with Deka-Lite for the purchase of holiday decorations, which includes several enhancements to the city's festive displays. The agreement features an eight-foot extension to the Christmas tree, increasing its height to 28 feet, complete with new LED warm light bulbs and multi-colored pop ornamentation. Additionally, nineteen 60-inch silhouette wreaths with mountain pine garland pole wrap, lit with LED lights, will adorn Towne Street and Miles Avenue, while five 26-inch double bow accent kits with mountain pine garland and warm white LED lights will enhance Miles Avenue. Oasis Street will be lined with ten 5.5-foot LED-lit half snowflakes, and a 6-foot multicolor pre-decorated wreath with a gold bow and warm white LED lights will be installed. The decorations will also include four illuminated candy canes around the Heavy Medal Cactus Sculpture, a 12-foot wide by 14.5-foot tall LED illuminated ornament walk- through selfie station, an LED image projection system with a GOBO rotator featuring snowflakes for Miles Avenue, and two LED illuminated star swirl across-street decorations on Miles Avenue at the intersection of Oasis Street and Smurr Street. The purchase price covers delivery, installation, takedown, and storage.

BACKGROUND INFORMATION:

Since 2015, the City has consistently purchased holiday decorations from Dekra-Lite, with the most recent acquisition in 2022, which included a new Christmas tree, lights, and ornaments. Dekra-Lite also provides storage, installation, and takedown services for the holiday decorations.

FINANCIAL SUMMARY:

Current FY Financial
Impact:
$128,151.90 In current year budget: Yes
Current FY General $128,151.90. Budget adjustment: No AGENDA ITEM #8.15
Approval of Purchase Agreement with Dekra-Lite for the purchase of Holid... Page 256 of 507 Fund Impact:

Next FY Financial
Impact:
$52,783.47 Strategic Objective: Festivals, Events, Arts & Culture
Source of funds: General Fund Fund-Org-Object
Reference:
1011167-521079

ATTACHMENTS:

Attachment 1- City of Indio - Holiday Decor

APPROVAL(S):

Miguel Ramirez-Cornejo, Interim Dir. of Economic Development Approved - 14 Aug 2024 Steven Graham Pacifico, City Attorney Approved - 15 Aug 2024 Ruby D. Walla, Director of Finance Approved - 15 Aug 2024 Bryan H. Montgomery, City Manager Approved - 15 Aug 2024

Page 2 of 11 ends

Approval of Purchase Agreement with Dekra-Lite for the purchase of Holid... Page 257 of 507 Quote
Sales Install No.:

QT104105
Dekra-Lite
3102 W. Alton Ave.

Santa Ana, CA, 92704
Phone: (714) 436-0705
Web: www.dekra-lite.com
Order Date:
8/6/2024
Ship Date:
1/1/2025
Customer ID:

IND008
Terms:

Net 30
BILL TO:

SHIP TO:

City of Indio
100 Civic Center Mall
Indio CA 92201
Attn: Finance Department
760-625-1801
City of Indio
100 Civic Center Mall
Indio CA 92201
Attn: Mike Edgar
760-625-1801
CUSTOMER P.O. NO.

CREATED BY

SALES REP
Rivera, Ella
Nicole Santarelli

SALES TAX CODE

SHIPPING TERMS

SHIP VIA
Avatax Avalara
Installation

INSTALLATION
NO.

ITEM

DESCRIPTION
QTY
UOM
PRICE

EXTENDED PRICE
1 PMVDPOWR6024LED-L
Pole Mount - 60" Silhouette Wreath with C7 LED Warm White Bulbs, (2) 24" Red Bows, (6) Clusters of (3) 80mm shiny red balls & (6) pair of flocked pine cones, (10') Mountain Pine Garland Pole Wrap Lit with LED Warm White Mini Lights

19.00 EA
597.00
11,343.00
8 QTY: Pole Mount 60" Silhouette Wreaths on Towne Street 4 QTY: Pole Mount 60" Silhouette Wreaths (south of Civic Center & Requa on Towne Street) 7 QTY: Pole Mount 60" Silhouette Wreaths on Miles Avenue 2 LABORIRS
Labor Installation, Removal & Storage

19.00 EA
225.00
4,275.00
of (22) New 60" Silhouette Wreaths.

Locations:
8 QTY: Pole Mount 60" Silhouette Wreaths on Towne Street 4 QTY: Pole Mount 60" Silhouette Wreaths (south of Civic Center & Requa on Towne Street) 7 QTY: Pole Mount 60" Silhouette Wreaths on Miles Avenue 3 BOW36BURDBLWGARLED
36'' Double Bow Accent Kit, (2) Burgundy Structural Bow, 14'' Mountain Pine Garland w/ Warm White LED Mini Lights

5.00 EA
426.00
2,130.00
4 LABORIRS
Labor Installation, Removal & Storage

5.00 EA
214.00
1,070.00
of (5) New 36" Double Bow Accent Kits Lit with Warm White Mini Lights. 5 PMFD23575B2

5.5' LED Lit Pole Mount - Half Snowflake (includes 3 of 28" snaplock bands)

10.00 EA
375.00
3,750.00
6 LABORIRS
Labor Installation, Removal & Storage

10.00 EA
225.00
2,250.00
of (10) New Half Snowflakes Pole Mount on Oasis St.
7 SALES DECOR
Miscellaneous Custom Decor

1.00 EA
14,289.03
14,289.03
to grow Customer Owned 20' Sequoia Tree to 28' Sequoia Tree 8 SALES DECOR
Miscellaneous Custom Decor

1.00 EA
9,984.00
9,984.00
Multi-Colored Pop Ornamentation for the 20-foot Customer owned tree and new growth to 28-foot tree. 9 LABORREFURBISH
Labor Refurbishment

1.00 EA
2,850.00
2,850.00
of Removing Old Ornamentation on Customer Owned 20' Sequoia Tree and Installing New Decor on 28' Sequoia tree grow. 10 LABORIRS
Labor Installation, Removal & Storage

1.00 EA
22,595.00
22,595.00
of New 28' Sequoia Tree with Warm White Mini Lights w/ MultiColor Pop Ornamentation 11 DLCUSTPLATFORM
Custom Platform (metal or wood)

1.00 EA
510.00
510.00
Custom Platform (metal or wood) Plywood Ground Support for 28' Sequoia Tree 12 DLGWREJEW6LED
6' MultiColor Pre-Decorated Wreath w/ 36"x45" Gold Structural Bow, 250L Warm White LED Mini Lights

1.00 EA
804.60
804.60
13 LABORIRS
Labor Installation, Removal & Storage

1.00 EA
1,195.00
1,195.00
of (1) New Multi-Colored Pop 3' Wreath
14 EQUIPMENTRENTAL
Equipment Rental - Trucks/Stake Beds, Boom/Scissor Lifts, Forklift

1.00 EA
4,860.00
4,860.00

Page 3 of 11 ends

Approval of Purchase Agreement with Dekra-Lite for the purchase of Holid... Page 258 of 507 Quote
Sales Install No.:

QT104105
Dekra-Lite
3102 W. Alton Ave.

Santa Ana, CA, 92704
Phone: (714) 436-0705
Web: www.dekra-lite.com
Order Date:
8/6/2024
Ship Date:
1/1/2025
Customer ID:

IND008
Terms:

Net 30
BILL TO:

SHIP TO:

City of Indio
100 Civic Center Mall
Indio CA 92201
Attn: Finance Department
760-625-1801
City of Indio
100 Civic Center Mall
Indio CA 92201
Attn: Mike Edgar
760-625-1801
CUSTOMER P.O. NO.

CREATED BY

SALES REP
Rivera, Ella
Nicole Santarelli

SALES TAX CODE

SHIPPING TERMS

SHIP VIA
Avatax Avalara
Installation

INSTALLATION
$2430 to install the tree
$2430 to remove the tree
15 MISC
Miscellaneous - For Non-Stock Items

1.00 EA
1,095.00
1,095.00
Transportation of Customer Owned Tree to Dekra-Lite for new ornamentation.

Signature:

Date:

Sub Total:
83,000.63
Please sign and email or fax to (714) 436-0612
Pricing Reflects 40% Corporate Partner Discount
*Tax Subject to Change per California Sales and Use Tax Regulations Install Date: Nov. 1-27, 2024
Removal Date: Jan. 2-18, 2025
**Installation Date Range is Not Guaranteed Until Order is Approved 50% due 30 days upon acceptance of quote
50% due 30 days prior to install
Freight & Misc.:

0.00 Tax Total:
4,267.03
Total (USD):
87,267.66
Page: 2 of 2

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Approval of Purchase Agreement with Dekra-Lite for the purchase of Holid... Page 259 of 507

Page 5 of 11 ends

Approval of Purchase Agreement with Dekra-Lite for the purchase of Holid... Page 260 of 507 Quote 1: QT104405
Item 1: Pole Mount - 60" Silhouette Wreath
Item 3: Pole Mount - 60" Silhouette Wreath
Item 5: Pole Mount - 60" Silhouette Wreath

Page 6 of 11 ends

Approval of Purchase Agreement with Dekra-Lite for the purchase of Holid... Page 261 of 507 Item 12: 6' MultiColor Pre-Decorated Wreath

Page 7 of 11 ends

Approval of Purchase Agreement with Dekra-Lite for the purchase of Holid... Page 262 of 507 Quote
Sales Install No.:

QT104160
Dekra-Lite
3102 W. Alton Ave.

Santa Ana, CA, 92704
Phone: (714) 436-0705
Web: www.dekra-lite.com
Order Date:
8/12/2024
Ship Date:
1/1/2025
Customer ID:

IND008
Terms:

Net 30
BILL TO:

SHIP TO:

City of Indio
100 Civic Center Mall
Indio CA 92201
Attn: Finance Department
760-625-1801
City of Indio
100 Civic Center Mall
Indio CA 92201
Attn: Mike Edgar
760-625-1801
CUSTOMER P.O. NO.

CREATED BY

SALES REP
Rivera, Ella
Nicole Santarelli

SALES TAX CODE

SHIPPING TERMS

SHIP VIA
Avatax Avalara
Installation

INSTALLATION
NO.

ITEM

DESCRIPTION
QTY
UOM
PRICE

EXTENDED PRICE
1 LMS195
"Denton" Illuminated Candy Sticks (Set of 2), Warm White and Red LED- 6.7'L x 1'W x 11.2'H - 24V

2.00 EA
7,211.40
14,422.80
2 LABORIRS
Labor Installation, Removal & Storage

2.00 EA
1,096.20
2,192.40
of "Denton" Illuminated Candy Sticks (Set of 2), Warm White and Red LED- 6.7'L x 1'W x 11.2'H - 24V 3 IPSCWP713
IP65 rated LED Image Projection System (IPS) 36 degree HD Lens, Outdoor, Pure White (5600K) includes GOBO Rotator, 2 x Steel Snowflake Group GOBOs, 2 x C-Clamps, Rain Shield, and Crate

1.00 EA
3,655.00
3,655.00
4 ACIPSPOLE6
IPS Threaded Black Iron Pole 6'

1.00 EA
119.00
119.00
5 LABORIRS
Labor Installation, Removal & Storage

1.00 EA
1,307.75
1,307.75
of IP65 Unit and (1) 6' Pole Mount
6 SELFIE-

WALKTHROUGHTAG
Walk Through Selfie Station - 11'L x 12"W x 14.5'H, Warm White Walk Through Ornament with 5.5' center opening, paired w/ double sided gift tag

1.00 EA
5,831.00
5,831.00
7 LABORIRS
Labor Installation, Removal & Storage

1.00 EA
2,175.30
2,175.30
of Walk-Through Selfie Station with Graphic Tags
8 STFD3355A2
Formerly STFD3355A2, Now 2 of PMEMFALLING8

2.00 EA
1,275.00
2,550.00
9 LABORIRS
Labor Installation, Removal & Storage

2.00 EA
3,152.70
6,305.40
of Star Swirl with Ribbon Overhead
Signature:

Date:

Sub Total:
38,558.65
Please sign and email or fax to (714) 436-0612
Pricing Reflects 32% Corporate Partner Discount
*Tax Subject to Change per California Sales and Use Tax Regulations Install Date: Nov. 1-27, 2024
Removal Date: Jan. 2-18, 2025
**Installation Date Range is Not Guaranteed Until Order is Approved Freight & Misc.:

0.00 Tax Total:
2,325.59
Total (USD):
40,884.24
Page: 1 of 1

Page 8 of 11 ends

Indio City CouncilAugust 21, 2024

Indio City Council
August 21, 2024