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impacted by the southernmost section of the San Andreas fault and/or secondary faults and fractures. These faults pose geologic and seismic hazards in the form of earthquakes, fault rupture, liquefaction, and landslides.
The most recent earthquake along this stretch of the fault occurred more than 300 years ago leading scientists to suggest that it has accumulated a substantial amount of tectonic stress and is likely to produce a large (7 to 8 magnitude) earthquake in the near future. The Installment Purchase Agreement does not require the City to maintain earthquake insurance. The City maintains liability insurance for the Water System and property casualty insurance (for losses other than from seismic events) for certain portions of the Water System. See the caption “THE CITY—City Insurance.” However, there can be no assurance that specific losses will be covered by insurance or, if covered, that claims will be paid in full by the applicable insurers. Furthermore, significant portions of the Water System, including underground pipelines and manhole covers, are not covered by property casualty insurance. Damage to such portions of the Water System as a result of natural disasters would result in uninsured losses to the City.
Wildfires. In recent years, wildfires have caused extensive damage throughout the State, including within the County. Certain of these fires have burned thousands of acres and destroyed hundreds and in some cases thousands of homes. In some instances entire neighborhoods have been destroyed. Several fires in recent years damaged or destroyed property in areas that were not previously considered to be at risk from such events. In 2023, as in several prior years, for example, devastating wildfires burned in various communities in the State, causing wide-spread damage. In 2025, communities in Los Angeles County, including Pacific Palisades, Malibu and Altadena, experienced widespread devastation from wildfires causing losses of life, thousands of burned homes, and billions of dollars in property damage. The County is also periodically subject to large-scale wildfires and is expected to be subject to wildfires in the future. In recent years, wildfires have burned hundreds of acres at a time and destroyed dozens of homes and structures in the County. .
On March 24, 2025, CAL Fire released an updated Fire Hazard Severity Zone (“FHSZ”) map for the Southern California region which evaluates “hazard,” being the likelihood and expected fire behavior over a 30 to 50-year period without considering mitigation measures such as home hardening, recent wildfire or fuel reduction efforts. On the other hand, “Risk” is the potential damage a fire can do to the area under existing conditions, accounting for any modifications such as fuel reduction projects, defensible space, and ignition resistant building construction. Pursuant to Sections 4201-4204 of the California Public Resources Code, the State Fire Marshal is mandated to classify the state responsibility areas (the “SRAs”), where the state has financial responsibility for wildfire protection and prevention, into FHSZs. These zones are classified as either “Moderate,” “High” or “Very High” and are based on statewide criteria and severity of fire hazard that is expected to prevail in those areas. Each zone embraces relatively homogeneous lands and is based on fuel loading, slope, fire weather, and other relevant factors present, including areas where winds have been identified as a major cause of wildfire spread. In areas designated as the local responsibility areas (the “LRAs”), where local agencies have financial responsibility for wildfire protection and prevention, local agencies must adopt a FHSZ map and all three FHSZ classes. The LRAs map process will happen after the SRAs map process has been completed, which is estimated to occur in the winter of 2025. For more information, see the CAL Fire website. No portion of the Water System is located within a FHSZ; however, there is a risk that property within the City may be damaged or destroyed by wildfires, which may reduce the Net Revenues available to pay the Series 2026 Installment Payments and no assurance can be given as to the severity or frequency of wildfires within the vicinity of the City or the impact on the operations of the Water System.
Limitations on Remedies
The ability of the City to comply with its covenants under the Installment Purchase Agreement and to generate Net Revenues in amounts that are sufficient to pay the Series 2026 Installment Payments may be adversely affected by actions and events outside of the control of the City and may be adversely affected by actions taken (or not taken) by voters, property owners, taxpayers or persons obligated to pay assessments, fees and charges. See the caption “CONSTITUTIONAL LIMITATIONS ON APPROPRIATIONS AND
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CHARGES—Proposition 218.” Furthermore, the remedies that are available to the owners of the Bonds upon the occurrence of an event of default under the Indenture are in many respects dependent upon judicial actions, which are often subject to discretion and delay and could prove both expensive and time-consuming to obtain.
In addition, usual equity principles may limit the specific enforcement under State law of certain remedies, as may the exercise by the United States of America of the powers delegated to it by the federal Constitution and the reasonable and necessary exercise, in certain exceptional situations, of the police power inherent in the sovereignty of the State and its governmental bodies in the interest of serving a significant and legitimate public purpose. Bankruptcy, insolvency, reorganization, arrangement, fraudulent conveyance, moratorium proceedings and other laws relating to or affecting creditors’ rights, or the exercise of powers by the federal or State government, if initiated, could subject the Beneficial Owners of the Bonds to judicial discretion and interpretation of their rights in bankruptcy or otherwise, and consequently may entail risks of delay, limitations or modification of their rights. Remedies may be limited because the Water System serves an essential public purpose.
The opinion to be delivered by Bond Counsel concurrently with the execution and delivery of the Bonds will be subject to such limitations and the various other legal opinions to be delivered concurrently with the issuance of the Bonds will be similarly qualified. See Appendix C. In the event that the City fails to comply with its covenants under the Installment Purchase Agreement or fails to pay the Series 2026 Installment Payments, which secure the payments of principal of and interest on the Bonds, there can be no assurance of the availability of remedies adequate to protect the interest of the holders of the Bonds.
Loss of Tax Exemption
General. In order to maintain the exclusion from gross income for federal income tax purposes of the interest (and original issue discount) on the Bonds, the Authority and the City have covenanted in the Indenture and the Installment Purchase Agreement, respectively, to comply with the applicable requirements of the Internal Revenue Code of 1986, as amended (the “Code”), and not to take any action or fail to take any action if such action or failure to take such action would adversely affect the exclusion from gross income of interest (and original issue discount) on the Bonds thereunder. Interest (and original issue discount) on the Bonds could become includable in gross income for purposes of federal income taxation retroactive to the date of issuance of such Bonds as a result of acts or omissions of the Authority or the City in violation of this or other covenants in the Indenture or the Installment Purchase Agreement. The Bonds are not subject to redemption or any increase in interest rates should an event of taxability occur and will remain outstanding until maturity or prior redemption in accordance with the provisions contained in the Indenture.
Federal Tax Law Changes. From time to time, there are legislative proposals in Congress and IRS rulemaking activities that could adversely affect the market value or marketability of the Bonds. It cannot be predicted whether future legislation, rules, regulations or other guidance may be proposed or enacted that would affect the federal tax treatment of interest (and original issue discount) received on the Bonds.
Prospective purchasers of the Bonds should consult with their own tax advisors regarding any pending or proposed legislation or regulations that would change the federal tax treatment of interest (and original issue discount) on the Bonds. Risks to the status of federal tax exemption affecting interest (and original issue discount) on the Bonds are also discussed under the caption “TAX MATTERS.” Secondary Market
There can be no guarantee that there will be a secondary market for the Bonds or, if a secondary market exists, that the Bonds can be sold for any particular price. Occasionally, because of general market conditions or because of adverse history or economic prospects connected with a particular issue, secondary marketing practices are suspended or terminated. Additionally, prices of issues for which a market is being made will depend upon then prevailing circumstances. Such prices could be substantially different from the original purchase price.
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Parity Obligations
The Installment Purchase Agreement permits the City to enter into Parity Bonds and Contracts payable from Net Revenues of the Water System on a parity with the Series 2026 Installment Payments, which secure the Bonds, subject to the terms and conditions set forth therein. The entry into of additional Parity Bonds and Contracts could result in reduced Net Revenues available to pay the Series 2026 Installment Payments. The City has covenanted to maintain coverage of at least 120% of Debt Service, as further described under the caption “SECURITY FOR THE BONDS—Additional Parity Bonds and Contracts.” Risks Associated with Bond Insurance
In the event that the Authority defaults in the payment of principal of or interest on the Insured Bonds when due, the Owners of the Insured Bonds will have a claim under the Policy for such payments. See the caption “BOND INSURANCE.” In the event that the Insurer becomes obligated to make payments on the Insured Bonds, no assurance can be given that such event will not adversely affect the market for the Bonds.
In the event that the Insurer is unable to make payments of principal of or interest on the Insured Bonds when due under the Policy, the Insured Bonds will be payable solely from Series 2026 Installment Payments and amounts held in certain funds and accounts established under the Indenture, as described under the caption “SECURITY FOR THE BONDS.”
The long-term rating on the Insured Bonds is dependent in part on the financial strength of the Insurer and its claims-paying ability. The Insurer’s financial strength and claims-paying ability are predicated upon a number of factors which could change over time. If the long-term ratings of the Insurer are lowered, such event could adversely affect the market for the Bonds. See the caption “RATINGS.” None of the City, the Authority or the Underwriter has made an independent investigation of the claims-paying ability of the Insurer, and no assurance or representation regarding the financial strength or projected financial strength of the Insurer is being made by the City, the Authority or the Underwriter in this Official Statement. Therefore, when making an investment decision with respect to the Insured Bonds, potential investors should carefully consider the ability of the Authority to pay principal of and interest on the Insured Bonds, assuming that the Policy is not available for that purpose, and the claims-paying ability of the Insurer through final maturity of the Insured Bonds.
So long as the Policy remains in effect and the Insurer is not in default of its obligations thereunder, the Insurer has certain notice, consent and other rights under the Indenture and will have the right to control all remedies as to the Insured Bonds in the event of a default under the Indenture. The Insurer is not required to obtain the consent of the Owners of the Insured Bonds with respect to the exercise of remedies. See Appendix B.
THE AUTHORITY
The Authority was established pursuant to Article 1 (commencing with Section 6500) of Chapter 5, Division 7, Title 1 of the California Government Code and a Joint Exercise of Powers Agreement, dated as of April 1, 1992, by and between the City and the Redevelopment Agency of the City of Indio (the “Former Redevelopment Agency”), as amended by that certain First Supplemental Agreement to Joint Exercise of Powers Agreement, dated as of August 3, 2012, by and among the City, the Successor Agency to the Redevelopment Agency to the City of Indio, as successor to the Former Redevelopment Agency (the “Successor Agency”), and the Housing Authority of the City of Indio (the “Housing Authority). Pursuant to the First Supplemental Agreement to Joint Exercise of Powers Agreement, the Housing Authority was added as a member to the Authority and the Successor Agency withdrew from the Authority. The governing commission of the Authority is comprised of all of the individuals who currently are members of the City Council of the City. The Authority is qualified to assist in the financing of certain public improvements and to issue the Bonds under the provisions of Article 4 (commencing with Section 6584) of Chapter 5 of Division 7
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of Title 1 of the California Government Code. The Authority has no taxing power. The Authority and the City are each separate and distinct legal entities, and the debts and obligations of each such entity are not debts or obligations of the other entity.
APPROVAL OF LEGAL PROCEEDINGS
The valid, legal and binding nature of the Bonds is subject to the approval of Stradling Yocca Carlson & Rauth LLP, acting as Bond Counsel. The form of such legal opinion is attached as Appendix C, and such legal opinion will be attached to each Bond. Certain matters will be passed upon for the City by Cole Huber LLP, Ontario, California, City Attorney, and by Stradling Yocca Carlson & Rauth LLP, as Disclosure Counsel, for the Underwriter by its counsel, Best Best & Krieger LLP, Los Angeles, California, for the Insurer by its counsel and for the Trustee by its counsel.
LITIGATION
City
At the time of delivery of and payment for the Bonds, the City will certify that there is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, regulatory agency, public board or body, pending or, to the knowledge of the City, threatened against the City affecting the existence of the City or the titles of its directors or officers to their respective offices or seeking to restrain or to enjoin the sale or delivery of the Bonds, the application of the proceeds thereof in accordance with the Installment Purchase Agreement and the Indenture, or that would have a material adverse effect on the City’s ability to pay the Series 2026 Installment Payments, or in any way contesting or affecting the validity or enforceability of the Bonds, the Indenture, the Installment Purchase Agreement or any action of the City contemplated by any of said documents, or in any way contesting the completeness or accuracy of this Official Statement or any amendment or supplement thereto, or contesting the powers of the City or its authority with respect to the Bonds or any action of the City contemplated by any of said documents, nor to the knowledge of the City, is there any basis therefor.
Authority
At the time of delivery of and payment for the Bonds, the Authority will certify that there is no action, suit, proceeding, inquiry or investigation, at law or in equity, before or by any court, regulatory agency, public board or body, pending or, to the knowledge of the Authority, threatened against the Authority affecting the existence of the Authority or the titles of its directors or officers to their respective offices or seeking to restrain or to enjoin the sale or delivery of the Bonds, the application of the proceeds thereof in accordance with the Installment Purchase Agreement and the Indenture, or that would have a material adverse effect on the Authority’s ability to pay the Bonds, or in any way contesting or affecting the validity or enforceability of the Bonds, the Indenture, the Installment Purchase Agreement or any action of the Authority contemplated by any of said documents, or in any way contesting the completeness or accuracy of this Official Statement or any amendment or supplement thereto, or contesting the powers of the Authority or its authority with respect to the Bonds or any action of the Authority contemplated by any of said documents, nor to the knowledge of the Authority, is there any basis therefor.
TAX MATTERS
In the opinion of Stradling Yocca Carlson & Rauth LLP, Newport Beach, California, Bond Counsel, under existing statutes, regulations, rulings and judicial decisions, and assuming the accuracy of certain representations and compliance with certain covenants and requirements described herein, interest (and original issue discount) on the Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of calculating the federal alternative minimum tax imposed on individuals. However, it should be noted that, with respect to applicable corporations as defined in
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Section 59(k) of the Internal Revenue Code of 1986, as amended (the “Code”), generally certain corporations with more than $1,000,000,000 of average annual adjusted financial statement income, interest (and original issue discount) with respect to the Bonds might be taken into account in determining adjusted financial statement income for purposes of computing the alternative minimum tax imposed by Section 55 of the Code on such corporations. In the further opinion of Bond Counsel, interest (and original issue discount) on the Bonds is exempt from State of California personal income tax.
Bond Counsel’s opinion as to the exclusion from gross income for federal income tax purposes of interest (and original issue discount) on the Bonds is based upon certain representations of fact and certifications made by the Authority, the City and others and is subject to the condition that the Authority and the City comply with all requirements of the Code that must be satisfied subsequent to the issuance of the Bonds to assure that interest (and original issue discount) on the Bonds will not become includable in gross income for federal income tax purposes. Failure to comply with such requirements of the Code might cause interest (and original issue discount) on the Bonds to be included in gross income for federal income tax purposes retroactive to the date of issuance of the Bonds. The Authority and the City have covenanted to comply with all such requirements.
In the opinion of Bond Counsel, the difference between the issue price of a Bond (the first price at which a substantial amount of the Bonds of a maturity is to be sold to the public) and the stated redemption price at maturity of such Bond constitutes original issue discount. Original issue discount accrues under a constant yield method, and original issue discount will accrue to a Beneficial Owner before receipt of cash attributable to such excludable income. The amount of original issue discount deemed received by a Beneficial Owner will increase the Beneficial Owner’s basis in the applicable Bond. The amount of original issue discount that accrues to the Beneficial Owner of a Bond is excluded from the gross income of such Beneficial Owner for federal income tax purposes, is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals, and is exempt from State of California personal income tax.
The amount by which a Bond Owner’s original basis for determining loss on sale or exchange in the applicable Bond (generally, the purchase price) exceeds the amount payable on maturity (or on an earlier call date) constitutes amortizable bond premium, which must be amortized under Section 171 of the Code; such amortizable bond premium reduces the Bond Owner’s basis in the applicable Bond (and the amount of tax- exempt interest received with respect to the Bonds), and is not deductible for federal income tax purposes. The basis reduction as a result of the amortization of bond premium may result in a Bond Owner realizing a taxable gain when a Bond is sold by the Owner for an amount equal to or less (under certain circumstances) than the original cost of the Bond to the Owner. Purchasers of the Bonds should consult their own tax advisors as to the treatment, computation and collateral consequences of amortizable bond premium.
The IRS has initiated an expanded program for the auditing of tax-exempt bond issues, including both random and targeted audits. It is possible that the Bonds will be selected for audit by the IRS. It is also possible that the market value of the Bonds might be affected as a result of such an audit of the Bonds (or by an audit of similar municipal obligations). No assurance can be given that in the course of an audit, as a result of an audit, or otherwise, Congress or the IRS might not change the Code (or interpretation thereof) subsequent to the issuance of the Bonds to the extent that it adversely affects the exclusion from gross income of interest (and original issue discount) on the Bonds or their market value.
SUBSEQUENT TO THE ISSUANCE OF THE BONDS THERE MIGHT BE FEDERAL, STATE
OR LOCAL STATUTORY CHANGES (OR JUDICIAL OR REGULATORY CHANGES TO OR
INTERPRETATIONS OF FEDERAL, STATE OR LOCAL LAW) THAT AFFECT THE FEDERAL, STATE
OR LOCAL TAX TREATMENT OF THE BONDS, INCLUDING THE IMPOSITION OF ADDITIONAL
FEDERAL INCOME OR STATE TAXES ON OWNERS OF TAX-EXEMPT STATE OR LOCAL OBLIGATIONS, SUCH AS THE BONDS. THESE CHANGES COULD ADVERSELY AFFECT THE MARKET VALUE OR LIQUIDITY OF THE BONDS. NO ASSURANCE CAN BE GIVEN THAT
SUBSEQUENT TO THE ISSUANCE OF THE BONDS STATUTORY CHANGES WILL NOT BE
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INTRODUCED OR ENACTED OR JUDICIAL OR REGULATORY INTERPRETATIONS WILL NOT OCCUR HAVING THE EFFECTS DESCRIBED ABOVE. BEFORE PURCHASING ANY OF THE
BONDS, ALL POTENTIAL PURCHASERS SHOULD CONSULT THEIR TAX ADVISORS REGARDING
POSSIBLE STATUTORY CHANGES OR JUDICIAL OR REGULATORY CHANGES OR
INTERPRETATIONS, AND THEIR COLLATERAL TAX CONSEQUENCES RELATING TO THE BONDS.
Bond Counsel’s opinions may be affected by actions taken (or not taken) or events occurring (or not occurring) after the date hereof. Bond Counsel has not undertaken to determine, or to inform any person, whether any such actions or events are taken or do occur. The Indenture and the Tax Certificate relating to the Bonds permit certain actions to be taken or to be omitted if a favorable opinion of Bond Counsel is provided with respect thereto. Bond Counsel expresses no opinion as to the effect on the exclusion from gross income of interest (and original issue discount) for federal income tax purposes with respect to any Bond if any such action is taken or omitted based upon the advice of counsel other than Stradling Yocca Carlson & Rauth LLP.
Although Bond Counsel has rendered an opinion that interest (and original issue discount) on the Bonds is excluded from gross income for federal income tax purposes provided that the Authority and the City continue to comply with certain requirements of the Code, the ownership of the Bonds and the accrual or receipt of interest (and original issue discount) on the Bonds may otherwise affect the tax liability of certain persons. Bond Counsel expresses no opinion regarding any such tax consequences. Accordingly, before purchasing any of Bonds, all potential purchasers should consult their tax advisors with respect to collateral tax consequences relating to the Bonds.
Should interest (and original issue discount) on the Bonds become includable in gross income for federal income tax purposes, the Bonds are not subject to early redemption and will remain outstanding until maturity or until redeemed in accordance with the Indenture.
A complete copy of the proposed form of opinion of Bond Counsel is attached hereto as Appendix C.
CONTINUING DISCLOSURE
The City has covenanted in a Continuing Disclosure Agreement, dated as of the date of issuance of the Bonds (the “Continuing Disclosure Agreement”), by and between the City and Willdan Financial Services, as dissemination agent (the “Dissemination Agent”) for the benefit of the Owners and Beneficial Owners of the Bonds to provide certain financial information and operating data relating to the City by not later than nine months following the end of the City’s Fiscal Year (currently its Fiscal Year ends on June 30) (the “Annual Report”), commencing with the Annual Report for the Fiscal Year ending June 30, 2026 due March 31, 2027, and to provide notices of the occurrence of certain enumerated events. The Annual Report and the notices of enumerated events will be filed by the City or the Dissemination Agent with EMMA. The specific nature of the information to be contained in the Annual Report and the notice of enumerated events is set forth in Appendix E. These covenants have been made in order to assist the Underwriter in complying with Section (b)(5) of Rule 15c2-12 adopted by the Securities and Exchange Commission.
RATINGS
S&P Global Ratings, a Standard & Poor’s Financial Services LLC business (“S&P”), is expected to assign the Insured Bonds the rating of “_____” based upon the delivery of the Policy by the Insurer at the time of issuance of the Insured Bonds. S&P has assigned the Bonds the underlying rating of “_____” notwithstanding the delivery of the Policy for the Insured Bonds.
There is no assurance that any credit rating given to the Bonds will be maintained for any period of time or that a rating may not be lowered or withdrawn entirely by S&P if, in the judgment of S&P, circumstances so warrant. Any downward revision or withdrawal of such ratings may have an adverse effect
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on the market price of the Bonds. Such ratings reflect only the views of S&P, and an explanation of the significance of such ratings may be obtained from S&P. Generally, rating agencies base their ratings on information and materials furnished to them (which may include information and material from the City that is not included in this Official Statement) and on investigations, studies and assumptions by the rating agencies.
The City has covenanted in the Continuing Disclosure Agreement to file notices of any rating changes on the Bonds with EMMA. See the caption “CONTINUING DISCLOSURE” and Appendix E.
Notwithstanding such covenant, information relating to rating changes on the Bonds may be publicly available from the rating agencies prior to such information being provided to the City and prior to the date by which the City is obligated to file a notice of rating change. Purchasers of the Bonds are directed to the rating agencies and their respective websites and official media outlets for the most current ratings with respect to the Bonds after the initial issuance of the Bonds.
In providing a rating on the Bonds, certain rating agencies may have performed independent calculations of coverage ratios using their own internal formulas and methodology, which may not reflect the provisions of the Indenture or the Installment Purchase Agreement. The City makes no representations as to any such calculations, and such calculations should not be construed as a representation by the City as to past or future compliance with any financial covenants, the availability of particular revenues for the payment of debt service or for any other purpose.
None of the City, the Authority or the Underwriter makes any representation as to the Insurer’s creditworthiness or any representation that the Insurer’s credit rating will be maintained in the future. The rating agencies have previously taken action to downgrade the ratings of certain municipal bond insurers and have published various releases outlining the processes that they intend to follow in evaluating the ratings of financial guarantors. For some financial guarantors, the result of such evaluations could be a rating affirmation, a change in rating outlook, a review for downgrade or a downgrade. Potential investors are directed to the rating agencies for additional information on the applicable rating agencies’ evaluations of the financial guaranty industry and individual financial guarantors, including the Insurer. See the caption “BOND INSURANCE” for further information relating to the Insurer.
MUNICIPAL ADVISOR
Fieldman, Rolapp & Associates, Inc., Irvine, California (the “Municipal Advisor”), served as municipal advisor to the Authority and the City with respect to the sale of the Bonds. The Municipal Advisor will receive compensation contingent upon the sale and delivery of the Bonds. The Municipal Advisor is not obligated to undertake, and has not undertaken to make, an independent verification or to assume any responsibility for the accuracy, completeness or fairness of the information contained in this Official Statement.
The Municipal Advisor is an independent advisory firm and is not engaged in the business of underwriting, trading or distributing municipal or other public securities.
UNDERWRITING
The Bonds are being purchased by Piper Sandler & Co. (the “Underwriter”) pursuant to a Bond Purchase Agreement, dated the date hereof, by and among the Authority, the City and the Underwriter. The Underwriter will purchase the Bonds from the Authority at an aggregate purchase price of $___________, representing the principal amount of the Bonds, [plus/less] $___________ of [net] original issue [premium/discount] and less $___________ of Underwriter’s discount.
The initial public offering prices stated on the inside front cover of this Official Statement may be changed from time to time by the Underwriter. The Underwriter may offer and sell the Bonds to certain
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dealers (including dealers depositing Bonds into investment trusts), dealer banks, banks acting as agents and others at prices lower than said public offering prices.
The Underwriter may offer and sell Bonds to certain dealers and others at prices lower than the offering price stated on the inside cover page hereof. The offering prices may be changed from time to time by the Underwriter.
The Underwriter and its affiliates comprise a full-service financial institution engaged in activities which may include sales and trading, commercial and investment banking, advisory, investment management, investment research, principal investment, hedging, market making, brokerage and other financial and non- financial activities and services. The Underwriter and its affiliates may have provided, and may in the future provide, a variety of these services to the City and to persons and entities with relationships with the City, for which they received or will receive customary fees and expenses.
In the ordinary course of these business activities, the Underwriter and its affiliates may purchase, sell or hold a broad array of investments and actively trade securities, derivatives, loans and other financial instruments for their own account and for the accounts of their customers, and such investment and trading activities may involve or relate to assets, securities and/or instruments of the City (directly, as collateral securing other obligations or otherwise) and/or persons and entities with relationships with the City.
The Underwriter and its affiliates may also communicate independent investment recommendations, market color or trading ideas and/or publish or express independent research views in respect of such assets, securities or instruments and may at any time hold, or recommend to clients that they should acquire such assets, securities and instruments. Such investment and securities activities may involve securities and instruments of the City.
MISCELLANEOUS
Insofar as any statements made in this Official Statement involve matters of opinion or of estimates, whether or not expressly stated, they are set forth as such and not as representations of fact. No representation is made that any of such statements made will be realized. Neither this Official Statement nor any statement which may have been made verbally or in writing is to be construed as a contract with the Owners of the Bonds.
The execution and delivery of this Official Statement have been duly authorized by the Authority and the City.
INDIO PUBLIC FINANCING AUTHORITY
By:
Executive Director
CITY OF INDIO
By:
City Manager
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APPENDIX A
CITY FINANCIAL STATEMENTS
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APPENDIX B
DEFINITIONS AND SUMMARY OF CERTAIN PROVISIONS OF THE INSTALLMENT
PURCHASE AGREEMENT AND THE INDENTURE
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APPENDIX C
FORM OF OPINION OF BOND COUNSEL
Upon issuance of the Bonds, Stradling Yocca Carlson & Rauth LLP, Bond Counsel, proposes to render its final approving opinion in substantially the following form:
______, 2026
Indio Public Financing Authority
Indio, California
Re: $____________ Indio Public Financing Authority Water Revenue Refunding Bonds, Series 2026A
Members of the Board of Directors:
We have acted as Bond Counsel to the Indio Public Financing Authority (the “Authority”) in connection with the issuance of $___________ aggregate principal amount of Indio Public Financing Authority Water Revenue Refunding Bonds, Series 2026A (the “Bonds”). The Bonds have been issued by the Authority pursuant to the terms of the Indenture of Trust, dated as of March 1, 2026 (the “Indenture”), by and between the Authority and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
The Bonds are limited obligations of the Authority payable solely from payments to be made by the City of Indio (the “City”) to the Authority pursuant to an Installment Purchase Agreement, dated as of March 1, 2026 (the “Installment Purchase Agreement”), by and between the City and the Authority, and from certain funds and accounts established under the Indenture.
In connection with our representation, we have examined a certified copy of the proceedings relating to the Bonds. As to questions of fact material to our opinion, we have relied upon the certified proceedings and other certifications of public officials furnished to us without undertaking to verify the same by independent investigations.
Based upon the foregoing and after examination of such questions of law as we have deemed relevant in the circumstances, but subject to the limitations set forth herein, we are of the opinion that:
1. The proceedings of the Authority show lawful authority for the issuance and sale by the Authority of the Bonds under the laws of the State of California (the “State”) now in force, and the Indenture has been duly authorized, executed and delivered by the Authority, and, assuming due authorization, execution and delivery by the Trustee, as appropriate, the Bonds and the Indenture are valid and binding obligations of the Authority enforceable against the Authority in accordance with their respective terms.
2. The obligation of the Authority to make the payments of principal and interest on the Bonds from Authority Revenues (as such term is defined in the Indenture) is an enforceable obligation of the Authority and does not constitute an indebtedness of the Authority in contravention of any constitutional or statutory debt limit or restriction.
3. Under existing statutes, regulations, rulings and judicial decisions, and assuming the accuracy of certain representations and compliance with certain covenants and requirements described herein, interest (and original issue discount) on the Bonds is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of calculating the federal alternative minimum tax imposed on individuals; however, with respect to applicable corporations as defined in Section 59(k) of the Internal
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Revenue Code of 1986, as amended (the “Code”), interest (and original issue discount) with respect to the Bonds might be taken into account in determining adjusted financial statement income for purposes of computing the alternative minimum tax imposed on such corporations.
4. Interest (and original issue discount) on the Bonds is exempt from State personal income tax.
5. The difference between the issue price of a Bond (the first price at which a substantial amount of the Bonds of the same series and maturity is to be sold to the public) and the stated redemption price at maturity with respect to such Bonds constitutes original issue discount. Original issue discount accrues under a constant yield method, and original issue discount will accrue to a Bond Owner before receipt of cash attributable to such excludable income. The amount of original issue discount deemed received by the Bond Owner will increase the Bond Owner’s basis in the Bond. In the opinion of Bond Counsel, the amount of original issue discount that accrues to the owner of the Bond is excluded from the gross income of such owner for federal income tax purposes, is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals and corporations, and is exempt from State personal income tax.
6. The amount by which a Bond Owner’s original basis for determining loss on sale or exchange in the applicable Bond (generally, the purchase price) exceeds the amount payable on maturity (or on an earlier call date) constitutes amortizable bond premium, which must be amortized under Section 171 of the Code; such amortizable bond premium reduces the Bond Owner’s basis in the applicable Bond (and the amount of tax-exempt interest received), and is not deductible for federal income tax purposes. The basis reduction as a result of the amortization of Bond premium may result in a Bond Owner realizing a taxable gain when a Bond is sold by the Owner for an amount equal to or less (under certain circumstances) than the original cost of the Bond to the Owner. Purchasers of the Bonds should consult their own tax advisors as to the treatment, computation and collateral consequences of amortizable bond premium.
The opinions that are expressed herein as to the exclusion from gross income of interest (and original issue discount) on the Bonds are based upon certain representations of fact and certifications made by the City and the Authority and are subject to the condition that the City and the Authority comply with all requirements of the Code that must be satisfied subsequent to issuance of the Bonds to assure that interest (and original issue discount) on the Bonds will not become includable in gross income for federal income tax purposes. Failure to comply with such requirements of the Code might cause interest (and original issue discount) on the Bonds to be included in gross income for federal income tax purposes retroactive to the date of issuance of the Bonds.
The City and the Authority have covenanted to comply with all such requirements.
The opinions that are expressed herein may be affected by actions taken (or not taken) or events occurring (or not occurring) after the date hereof. We have not undertaken to determine, or to inform any person, whether any such actions or events are taken or do occur. Our engagement with respect to the Bonds terminates on the date of their issuance. The Indenture, the Installment Purchase Agreement and the Tax Certificate relating to the Bonds permit certain actions to be taken or to be omitted if a favorable opinion of Bond Counsel is provided with respect thereto. No opinion is expressed herein as to the effect on the exclusion from gross income of interest (and original issue discount) on the Bonds for federal income tax purposes if any such action is taken or omitted based upon the opinion or advice of counsel other than ourselves. Other than expressly stated herein, we express no other opinion regarding tax consequences with respect to the Bonds.
Our opinion is limited to matters governed by the laws of the State and federal law. We assume no responsibility with respect to the applicability or the effect of the laws of any other jurisdiction.
The opinions that are expressed herein are based upon our analysis and interpretation of existing statutes, regulations, rulings and judicial decisions and cover certain matters not directly addressed by such authorities. We call attention to the fact that the rights and obligations under the Indenture, the Installment Purchase Agreement and the Bonds are subject to bankruptcy, insolvency, reorganization, moratorium,
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fraudulent conveyance and other similar laws affecting creditors’ rights, to the application of equitable principles if equitable remedies are sought, to the exercise of judicial discretion in appropriate cases and to limitations on legal remedies against public agencies in the State.
We express no opinion herein as to the accuracy, completeness or sufficiency of the Official Statement or other offering material relating to the Bonds and expressly disclaim any duty to advise the Owners of the Bonds with respect to matters contained in the Official Statement.
Respectfully submitted,
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APPENDIX D
BOOK-ENTRY ONLY SYSTEM
The information in this Appendix concerning DTC and DTC’s book-entry only system has been obtained from sources that the Authority, the City and the Underwriter believe to be reliable, but neither the Authority, the City nor the Underwriter takes any responsibility for the completeness or accuracy thereof. The following description of the procedures and record keeping with respect to beneficial ownership interests in the Indio Public Financing Authority Water Revenue Refunding Bonds, Series 2026A (the “Bonds”), payment of principal, premium, if any, accreted value, if any, and interest on the Bonds to DTC Participants or Beneficial Owners, confirmation and transfers of beneficial ownership interests in the Bonds and other related transactions by and between DTC, the DTC Participants and the Beneficial Owners is based solely on information provided by DTC.
The Depository Trust Company (“DTC”), New York, NY, will act as securities depository for the Bonds.
The Bonds will be issued as fully-registered securities registered in the name of Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized representative of DTC. One fully registered bond will be issued for each annual maturity of the Bonds, each in the aggregate principal amount of such annual maturity, and will be deposited with DTC.
DTC, the world’s largest securities depository, is a limited-purpose trust company organized under the New York Banking Law, a “banking organization” within the meaning of the New York Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the meaning of the New York Uniform Commercial Code, and a “clearing agency” registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and municipal debt issues, and money market instruments (from over 100 countries) that DTC’s participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade settlement among Direct Participants of sales and other securities transactions in deposited securities, through electronic computerized book-entry transfers and pledges between Direct Participants’ accounts. This eliminates the need for physical movement of securities certificates. Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. DTC is a wholly-owned subsidiary of The Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding company for DTC, National Securities Clearing Corporation and Fixed Income Clearing Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that clear through or maintain a custodial relationship with a Direct Participant, either directly or indirectly (“Indirect Participants”). DTC has a Standard & Poor’s rating of “AA+.” The DTC Rules applicable to its Participants are on file with the Securities and Exchange Commission. More information about DTC can be found at www.dtcc.com.
Purchases of Bonds under the DTC system must be made by or through Direct Participants, which will receive a credit for the Bonds on DTC’s records. The ownership interest of each actual purchaser of each Bond (“Beneficial Owner”) is in turn to be recorded on the Direct and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations providing details of the transaction, as well as periodic statements of their holdings, from the Direct or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers of ownership interests in the Bonds are to be accomplished by entries made on the books of Direct and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interests in the Bonds, except in the event that use of the book-entry system for the Bonds is discontinued.
To facilitate subsequent transfers, all Bonds deposited by Direct Participants with DTC are registered in the name of DTC’s partnership nominee, Cede & Co., or such other name as may be requested by an authorized representative of DTC. The deposit of Bonds with DTC and their registration in the name of Cede & Co. or such other DTC nominee do not effect any change in beneficial ownership. DTC has no knowledge of the actual
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Beneficial Owners of the Bonds; DTC’s records reflect only the identity of the Direct Participants to whose accounts such Bonds are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants will remain responsible for keeping account of their holdings on behalf of their customers.
Conveyance of notices and other communications by DTC to Direct Participants, by Direct Participants to Indirect Participants, and by Direct Participants and Indirect Participants to Beneficial Owners will be governed by arrangements among them, subject to any statutory or regulatory requirements as may be in effect from time to time.
Beneficial Owners of Bonds may wish to take certain steps to augment the transmission to them of notices of significant events with respect to the Bonds, such as redemptions, tenders, defaults, and proposed amendments to the Bond documents. For example, Beneficial Owners of Bonds may wish to ascertain that the nominee holding the Bonds for their benefit has agreed to obtain and transmit notices to Beneficial Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to the registrar and request that copies of notices be provided directly to them.
Redemption notices shall be sent to DTC. If less than all of the Bonds within a maturity are being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct Participant in such maturity to be redeemed.
Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with respect to Bonds unless authorized by a Direct Participant in accordance with DTC’s MMI Procedures. Under its usual procedures, DTC mails an Omnibus Proxy to the Authority as soon as possible after the record date. The Omnibus Proxy assigns Cede & Co.’s consenting or voting rights to those Direct Participants to whose accounts Bonds are credited on the record date (identified in a listing attached to the Omnibus Proxy).
Redemption proceeds, distributions, and dividend payments on the Bonds will be made to Cede & Co., or such other nominee as may be requested by an authorized representative of DTC. DTC’s practice is to credit Direct Participants’ accounts upon DTC’s receipt of funds and corresponding detail information from the Authority or the Trustee, on payable date in accordance with their respective holdings shown on DTC’s records. Payments by Participants to Beneficial Owners will be governed by standing instructions and customary practices, as is the case with securities held for the accounts of customers in bearer form or registered in “street name,” and will be the responsibility of such Participant and not of DTC, the Trustee, or the Authority, subject to any statutory or regulatory requirements as may be in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments to Cede & Co. (or such other nominee as may be requested by an authorized representative of DTC) is the responsibility of the Authority or the Trustee, disbursement of such payments to Direct Participants will be the responsibility of DTC, and disbursement of such payments to the Beneficial Owners will be the responsibility of Direct and Indirect Participants.
A Bond Owner shall give notice to elect to have its Bonds purchased or tendered, through its Participant, to the Trustee, and shall effect delivery of such Bonds by causing the Direct Participant to transfer the Participant’s interest in the Bonds, on DTC’s records, to the Trustee. The requirement for physical delivery of Bonds in connection with an optional tender or a mandatory purchase will be deemed satisfied when the ownership rights in the Bonds are transferred by Direct Participants on DTC’s records and followed by a book-entry credit of tendered Bonds to the Trustee’s DTC account. DTC may discontinue providing its services as depository with respect to the Bonds at any time by giving reasonable notice to the Authority or the Trustee. Under such circumstances, in the event that a successor depository is not obtained, physical certificates are required to be printed and delivered.
The Authority may decide to discontinue use of the system of book-entry only transfers through DTC (or a successor securities depository). In that event, bonds will be printed and delivered to DTC.
THE TRUSTEE, AS LONG AS A BOOK-ENTRY ONLY SYSTEM IS USED FOR THE BONDS, WILL SEND ANY NOTICE OF REDEMPTION OR OTHER NOTICES TO OWNERS ONLY TO DTC. ANY
FAILURE OF DTC TO ADVISE ANY DTC PARTICIPANT, OR OF ANY DTC PARTICIPANT TO NOTIFY
ANY BENEFICIAL OWNER, OF ANY NOTICE AND ITS CONTENT OR EFFECT WILL NOT AFFECT THE
VALIDITY OF SUFFICIENCY OF THE PROCEEDINGS RELATING TO THE REDEMPTION OF THE BONDS CALLED FOR REDEMPTION OR OF ANY OTHER ACTION PREMISED ON SUCH NOTICE.
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APPENDIX E
FORM OF CONTINUING DISCLOSURE AGREEMENT
Upon the issuance of the Bonds, the City proposes to enter into a Continuing Disclosure Agreement in substantially the following form:
This Continuing Disclosure Agreement, dated _____, 2026 (the “Disclosure Agreement”) is by and between the City of Indio (the “City”) and Willdan Financial Services (the “Dissemination Agent”), in connection with the issuance of the Indio Public Financing Authority’s (the “Authority”) $__________ Water Revenue Refunding Bonds, Series 2026A (the “Bonds”).
WHEREAS, the Bonds are being issued by the Authority pursuant to an Indenture, dated as of March 1, 2026, by and between the Authority and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”); and
WHEREAS, the Bonds are payable from installment purchase payments to be made by the City to the Authority under an Installment Purchase Agreement, dated as of March 1, 2026 (the “Installment Purchase Agreement”), by and between the City and the Authority; and WHEREAS, this Disclosure Agreement is being entered into by the City for the benefit of the Owners and Beneficial Owners of the Bonds and in order to assist the Underwriter in complying with the Rule (defined below).
NOW, THEREFORE, the City and the Dissemination Agent agree as follows:
SECTION 1. Definitions. In addition to the definitions set forth in the Indenture and in the Installment Purchase Agreement, which apply to any capitalized term used in this Disclosure Agreement unless otherwise defined in this Section, the following capitalized terms shall have the following meanings:
“Annual Report” shall mean any report provided by the City pursuant to, and as described in, Sections 2 and 3 of this Disclosure Agreement.
“Beneficial Owner” shall mean any person which (a) has the power, directly or indirectly, to vote or consent with respect to, or to dispose of ownership of, any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries), or (b) is treated as the owner of any Bonds for federal income tax purposes.
“Disclosure Representative” shall mean the City Manager of the City, the Director of Finance of the City, or their designee, or such other officer or employee as the City shall designate in writing from time to time.
“Dissemination Agent” shall mean Willdan Financial Services, or any successor Dissemination Agent designated in writing by the City and which has filed with the City a written acceptance of such designation. “Financial Obligation” means a (a) debt obligation; (b) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (c) guarantee of (a) or (b). The term “Financial Obligation” shall not include municipal securities as to which a final official statement has been provided to the MSRB consistent with the Rule. “Listed Events” shall mean any of the events listed in Section 4(a) and (b) of this Disclosure Agreement.
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“MSRB” shall mean the Municipal Securities Rulemaking Board, which has been designated by the Securities and Exchange Commission as the sole repository of disclosure information for purposes of the Rule, or any other repository of disclosure information that may be designated by the Securities and Exchange Commission as such for purposes of the Rule in the future. “Official Statement” shall mean the Official Statement relating to the Bonds, dated _____, 2026. “Repository” shall mean the Electronic Municipal Market Access system of the Municipal Securities Rulemaking Board, which can be found at http://emma.msrb.org. “Rule” shall mean Rule 15c2-12(b)(5) adopted by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as the same may be amended from time to time. “State” shall mean the State of California.
“Underwriter” shall mean the original Underwriter of the Bonds required to comply with the Rule in connection with the offering of the Bonds.
SECTION 2. Provision of Annual Reports.
(a) The City shall, or shall cause the Dissemination Agent, not later than nine months following the end of the City’s fiscal year (which presently ends on June 30) (the “Annual Report Date”), commencing with the report for the fiscal year ending June 30, 2026 due March 31, 2027, provide to the MSRB an Annual Report which is consistent with the requirements of Section 3 of this Disclosure Agreement. The Annual Report shall be provided to the MSRB in an electronic format as prescribed by the MSRB and shall be accompanied by identifying information as prescribed by the MSRB. The Annual Report may be submitted as a single document or as separate documents comprising a package, and may include by reference other information as provided in Section 3 of this Disclosure Agreement; provided that the audited financial statements of the City may be submitted separately from and later than the balance of the Annual Report if they are not available by the date required above for the filing of the Annual Report.
The Annual Report shall be provided at least annually notwithstanding any fiscal year longer than 12 calendar months. The City’s fiscal year is currently effective from July 1 to the immediately succeeding June 30 of the following year. The City will promptly notify the MSRB and the Dissemination Agent (if other than the City) of a change in the fiscal year dates. The City shall provide a written certification with each Annual Report furnished to the Dissemination Agent to the effect that such Annual Report constitutes the Annual Report required to be furnished by it hereunder. The Dissemination Agent may conclusively rely upon such certification of the City and shall have no duty or obligation to review such Annual Report. (b) If by five (5) Business Days prior to the Annual Report Date, the Dissemination Agent (if other than the City) has not received a copy of the Annual Report, the Dissemination Agent shall notify the City of such non-receipt.
(c) If the Dissemination Agent is unable to verify that an Annual Report has been provided to the MSRB by the Annual Report Date, the Dissemination Agent shall provide in a timely manner to the MSRB (with a copy to the Trustee and the Underwriters) a notice, in substantially the form attached as Exhibit A. (d) Unless the City has done so pursuant to Section 3(a) above, the Dissemination Agent (if other than the City) shall:
(i) determine each year prior to the Annual Report Date the then-applicable rules and electronic format prescribed by the MSRB for the filing of annual continuing disclosure reports; and
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(ii) if the Dissemination Agent is other than the City, file a certificate with the City to the effect that the Annual Report has been provided pursuant to this Disclosure Agreement, stating, to the extent it can confirm such filing of the Annual Report, the date it was provided.
SECTION 3. Content of Annual Reports. The City’s Annual Report shall contain or include by reference the following:
(a) The City’s audited financial statements, prepared in accordance with generally accepted auditing standards for municipalities in the State of California. If the City’s audited financial statements are not available by the time the Annual Report is required to be filed pursuant to Section 2(a), the Annual Report shall contain unaudited financial statements in a format similar to the financial statements contained in the final Official Statement, and the audited financial statements shall be filed in the same manner as the Annual Report when they become available.
(b) An update of the information for the prior fiscal year in substantially the form set forth in the following tables in the Official Statement under the caption “THE WATER SYSTEM”:
1. “Historical Water System Deliveries in Acre Feet”
2. “Historical Water System Connections”
3. “Historical Water System Rate Revenues”
4. “Ten Largest Water System Customers”
(c) An update of the information for the prior fiscal year in substantially the form set forth in the following table labeled “Historical Water System Operating Results and Debt Service Coverage” in the Official Statement under the caption “WATER SYSTEM FINANCIAL INFORMATION.” Financial information relating to the City referenced in this Section 3 may be updated from time to time, and such updates may involve displaying data in a different format or table or eliminating data that is no longer available.
Any or all of the items listed above may be included by specific reference to other documents, including official statements of debt issues of the City or related public entities, which have been submitted to the MSRB or the Securities and Exchange Commission. If the document included by reference is a final official statement, it must be available from the MSRB. The City shall clearly identify each such other document so included by reference.
SECTION 4. Reporting of Significant Events.
(a) Pursuant to the provisions of this Section 4, the City shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Bonds in a timely manner not more than ten (10) business days after the event:
1. Principal and interest payment delinquencies;
2. Unscheduled draws on debt service reserves reflecting financial difficulties;
3. Unscheduled draws on credit enhancements reflecting financial difficulties;
4. Substitution of credit or liquidity providers, or their failure to perform;
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5. Issuance by the Internal Revenue Service of proposed or final determination of taxability or of a Notice of Proposal Issue (IRS Form 5701-TEB);
6. Tender Offers;
7. Defeasances;
8. Rating changes;
9. Bankruptcy, insolvency, receivership or similar proceedings; and Note: For the purposes of the event identified in subparagraph (9), the event is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent or similar officer for an obligated person in a proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the obligated person, or if such jurisdiction has been assumed by leaving the existing governmental body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the obligated person.
10. Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the obligated person, any of which reflect financial difficulties.
(b) Pursuant to the provisions of this Section 4, the City shall give, or cause to be given, notice of the occurrence of any of the following events with respect to the Bonds, if material, in a timely manner not more than ten (10) business days after occurrence:
1. unless described in Section 4(a)(5), adverse tax opinions or other material notices or determinations by the Internal Revenue Service with respect to the tax status of the Bonds or other material events affecting the tax status of the Bonds;
2. modifications to the rights of Bondholders;
3. bond calls;
4. release, substitution or sale of property securing repayment of the Bonds;
5. non-payment related defaults;
6. the consummation of a merger, consolidation, or acquisition involving the City or the Authority or the sale of all or substantially all of the assets of the City or the Authority, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms;
7. appointment of a successor or additional trustee or the change of the name of a trustee; and
8. incurrence of a Financial Obligation of the obligated person, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the obligated person, any of which affect Bond Owners.
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(c) If the City determines that knowledge of the occurrence of a Listed Event under subsection (b) would be material under applicable federal securities laws, and if the Dissemination Agent is other than the City, the City shall promptly notify the Dissemination Agent in writing. Such notice shall instruct the Dissemination Agent to file a notice of such occurrence with the MSRB in an electronic format as prescribed by the MSRB in a timely manner not more than ten (10) Business Days after the event. (d) If the City determines that the Listed Event under subsection (b) would not be material under applicable federal securities laws and if the Dissemination Agent is other than the City, the City shall so notify the Dissemination Agent in writing and instruct the Dissemination Agent not to report the occurrence. (e) The City hereby agrees that the undertaking set forth in this Disclosure Agreement is the responsibility of the City and, if the Dissemination Agent is other than the City, the Dissemination Agent shall not be responsible for determining whether the City’s instructions to the Dissemination Agent under this Section 5 comply with the requirements of the Rule.
SECTION 5. Identifying Information for Filings with the MSRB. All documents provided to the MSRB under this Disclosure Agreement shall be accompanied by identifying information as prescribed by the MSRB.
SECTION 6. Termination of Reporting Obligation. The obligations of the City, the Trustee and the Dissemination Agent under this Disclosure Agreement shall terminate upon the legal defeasance, prior redemption or payment in full of all of the Bonds. If such termination occurs prior to the final maturity of the Bonds, the City shall give notice of such termination in the same manner as for a Listed Event under Section 4(c).
SECTION 7. Dissemination Agent. The City may, from time to time, appoint or engage a Dissemination Agent to assist it in carrying out its obligations under this Disclosure Agreement, and may discharge any such Dissemination Agent, with or without appointing a successor Dissemination Agent. The Dissemination Agent shall not be responsible in any manner for the form or content of any notice or report prepared by the City pursuant to this Disclosure Agreement. The Dissemination Agent may resign by providing thirty days written notice to the City and the Trustee. The Dissemination Agent shall not be responsible for the content of any report or notice prepared by the City and shall have no duty to review any information provided to it by the City. The Dissemination Agent shall have no duty to prepare any information report nor shall the Dissemination Agent be responsible for filing any report not provided to it by the City in a timely manner and in a form suitable for filing.
SECTION 8. Amendment; Waiver. Notwithstanding any other provision of this Disclosure Agreement, the City may amend this Disclosure Agreement, and any provision of this Disclosure Agreement may be waived, provided that, in the opinion of nationally recognized bond counsel, such amendment or waiver is permitted by the Rule; provided, the Dissemination Agent shall have first consented to any amendment that modifies or increases its duties or obligations hereunder. In the event of any amendment or waiver of a provision of this Disclosure Agreement, the City shall describe such amendment in the next Annual Report, and shall include, as applicable, a narrative explanation of the reason for the amendment or waiver and its impact on the type (or in the case of a change of accounting principles, on the presentation) of financial information or operating data being presented by the City. In addition, if the amendment relates to the accounting principles to be followed in preparing financial statements, (i) notice of such change shall be given in the same manner as for a Listed Event under Section 4(c), and (ii) the Annual Report for the year in which the change is made shall present a comparison (in narrative form and also, if feasible, in quantitative form) between the financial statements as prepared on the basis of the new accounting principles and those prepared on the basis of the former accounting principles.
SECTION 9. Additional Information. Nothing in this Disclosure Agreement shall be deemed to prevent the City from disseminating any other information, using the means of dissemination set forth in this Disclosure Agreement or any other means of communication, or including any other information in any
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Annual Report or notice of occurrence of a Listed Event, in addition to that which is required by this Disclosure Agreement. If the City chooses to include any information in any Annual Report or notice of occurrence of a Listed Event in addition to that which is specifically required by this Disclosure Agreement, the City shall have no obligation under this Disclosure Agreement to update such information or include it in any future Annual Report or notice of occurrence of a Listed Event.
SECTION 10. Default. In the event of a failure of the City to comply with any provision of this Disclosure Agreement, any Owners or Beneficial Owner of the Bonds may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this Disclosure Agreement. A default under this Disclosure Agreement shall not be deemed an Event of Default under the Indenture, and the sole remedy under this Disclosure Agreement in the event of any failure of the City to comply with this Disclosure Agreement shall be an action to compel performance.
No Bond Owner or Beneficial Owner may institute such action, suit or proceeding to compel performance unless they shall have first delivered to the City satisfactory written evidence of their status as such, and a written notice of and request to cure such failure, and the City shall have refused to comply therewith within a reasonable time.
SECTION 11. Duties, Immunities and Liabilities of Dissemination Agent. The Dissemination Agent shall have only such duties as are specifically set forth in this Disclosure Agreement, and the City agrees, to the extent permitted by law, to indemnify and save the Dissemination Agent, its officers, directors, employees and agents, harmless against any loss, expense and liabilities which it may incur arising out of or in the exercise or performance of its powers and duties hereunder, including the costs and expenses (including attorney’s fees) of defending against any claim of liability, but excluding liabilities due to the Dissemination Agent’s negligence or willful misconduct. The Dissemination Agent shall also be entitled to any further protections and limitations from liability afforded to the Trustee under the Indenture as if such provisions were fully set forth herein. The Dissemination Agent shall be paid compensation by the City for its services provided hereunder in accordance with its schedule of fees as amended from time to time and all expenses, legal fees and advances made or incurred by the Dissemination Agent in the performance of its duties hereunder. In performing its duties hereunder, the Dissemination Agent shall not be deemed to be acting in any fiduciary capacity for the City, the Bond Owners, or any other party. The obligations of the City under this Section shall survive resignation or removal of the Dissemination Agent and payment of the Bonds.
SECTION 12. Notices. Any notices or communications to or among any of the parties to this Disclosure Agreement may be given as follows:
City: City of Indio
100 Civic Center Mall
Indio, California 92201
Attention: City Manager
Dissemination Agent: Willdan Financial Services
27368 Via Industria, Suite 200
Temecula, California 92590
Attention: Federal Compliance Group
SECTION 13. Beneficiaries. This Disclosure Agreement shall inure solely to the benefit of the City, the Dissemination Agent, if any, the Underwriters and Owners and Beneficial Owners from time to time of the Bonds, and shall create no rights in any other person or entity.
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SECTION 14. Signature. This Disclosure Agreement has been executed by the undersigned on the date hereof, and such signature binds the City to the undertaking herein provided.
CITY OF INDIO
By:
City Manager
WILLDAN FINANCIAL SERVICES, as Dissemination
Agent
By:
Authorized Officer
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EXHIBIT A
NOTICE TO MUNICIPAL SECURITIES RULEMAKING BOARD
OF FAILURE TO FILE ANNUAL REPORT
Name of Issuer: Indio Public Financing Authority
Name of Issue: Indio Public Financing Authority Water Revenue Refunding Bonds, Series 2026A Date of Issuance: _____, 2026
NOTICE IS HEREBY GIVEN that the City of Indio (the “City”) has not provided an Annual Report with respect to the above-named Bonds as required by the Continuing Disclosure Agreement, dated as of _____, 2026, by and between the City and Willdan Financial Services. [The City anticipates that the Annual Report will be filed by __________.]
Dated: __________
[DISSEMINATION AGENT]
By: _______________________
Joint Resolution Nos. 2026-84, 10544 and 2026-15, of the Indio Water Aut... Page 471 of 508 F-1
4908-3785-1268v6/200973-0010
APPENDIX F
SPECIMEN MUNICIPAL BOND INSURANCE POLICY
Joint Resolution Nos. 2026-84, 10544 and 2026-15, of the Indio Water Aut... Page 472 of 508 City of Indio
City Council
February 4, 2026
STAFF REPORT
To: City Council
From: Bryan H. Montgomery, City Manager
Prepared by: Bryan White, Fire Chief
Subject: CalFIRE Services Update and Introduction of New Riverside County Fire Chief Robert Fish
RECOMMENDATION:
Review, receive, and file.
SUMMARY:
Review presentation from CalFIRE about current services in the City of Indio from CalFIRE and Riverside County Staff including the introduction of newly appointed Riverside County Fire Chief Robert Fish.
ATTACHMENTS:
Attachment 1 - Indio Contract Review Short Version_Smart Map_2.26
APPROVAL(S):
Bryan H. Montgomery, City Manager Approved - 28 Jan 2026
AGENDA ITEM #12.2
CalFIRE Services Update and Introduction of New Riverside County Fire Ch... Page 473 of 508 Indio.org
CAL FIRE –
Riverside County
Fire
Cooperative Agreement Review
February 2026
Bryan White, Division Chief
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 474 of 508 Provide a comprehensive review of the cooperative
agreement between CAL FIRE – Riverside County Fire and
the City of Indio
Review exhibits that make up the AO-17 contract
Understand the benefits and value of the cooperative
agreement
Objectives
Objectives
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 475 of 508 Exhibit Current Estimated Amount
CAL FIRE Staffing - Safety ~$16,322,681
County Staffing – Non-Safety (Office of The Fire Marshal) ~$1,533,716 Schedule A – Administrative/Operational ~$29,888 per FTE ($1,792,682) Schedule B – Reserve Program ~$16,498
Schedule C – Medic/EMS Administrative Support ~$15,583 per FTE ($327,207) Schedule D – Battalion Chief Support ~$9,084 per FTE ($531,414) Schedule E – ECC/Dispatch Support ~$509,788
Cooperative Agreement
Exhibit Description
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 476 of 508 Exhibit Current Estimated Amount
Schedule F – Fleet Support ($90,857 Per RVC Apparatus) ~$363,428 Schedule G – Communications Info Technology ($46.53 per call $30,333 per Station) ~$593,899
Schedule H – Facility Maintenance – N/A for City of Indio n/a Schedule I – Hazmat Service ($3,904 per Haz-Mat Call & $11,658 per Station) ~$99,377 Cooperative Agreement
Exhibit Description
Direct Charges ~$307,225
Fire Engine Use Agreement ($43,350 per RVC Engine) $173,000
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 477 of 508 Cooperative Agreement Comparison
$11,077,608.85
$11,335,588.28
$12,238,730.89
$13,363,786.64
$13,461,639.19
$14,340,004.56
$13,514,690.66 $14,179,016.99
$16,492,982.20
$17,532,568.51
$18,106,059.00
$11,729,205.00
$12,687,424.00
$12,615,766.00
$14,266,074.00
$14,531,820.00 $15,445,439.00 $16,048,957.00
$15,639,456.00 $17,994,128.00 $19,240,961.00
$19,573,385.00
$22,167,590.00
$12,056,416.99
$13,670,178.20
$12,371,982.51 $12,755,665.00
$0.00
$5,000,000.00
$10,000,000.00
$15,000,000.00
$20,000,000.00
$25,000,000.00
FY 14/15 FY 15/16 FY 16/17 FY 17/18 FY 18/19 FY 19/20 FY 20/21 FY 21/22 FY 22/23 FY 23/24 FY24/25 FY25/26 ACTUAL TOTAL ESTIMATE TOTAL Adjusted Actual
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 478 of 508 CAL FIRE Safety Contract Changes
FTE Position Changes (FY 15/16 – 24/25)
$0
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
FY
14/15
FY
15/16
FY
16/17
FY
17/18
FY
18/19
FY
19/20
FY
20/21
FY
21/22
FY
22/23
FY
23/24
FY24/25
Safety Staffing Only
ACTUAL TOTAL ESTIMATE TOTALCAL FIRE one-time PERS Reduction Fiscal
Year Action Comments
15/16 Truck 86 Paramedic Conversion Upgraded three FFII with FFIIPM 19/20 Removed Emergency Services Coordinator
Added Fire Systems Inspector
Upgrade to Municipal at FS86 & FS88
Swapped 2-FFII and 1-FFPM for 2-FC and 1-
FAE
20/21
Converted 1-FC (Fire Marshal) to Deputy Fire
Marshal
Upgrade to Municipal at FS80 & FS87
Swapped 4-FFII and 1-FFPM for 3-FC and 2-
FAE
21/22 Converted 1-FCPM to FC FS86
Added EMS Specialist Vacant due to budget concerns
24/25 Battalion Chief Allocation Change
66-Hour Work Week Conversion; Added 5 FTE
Added 1-FC, 2-FAE, 1-FFII, 1-FFIIPM
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 479 of 508 Assembly Bill 84 redirected $2.5 billion General Fund Dollars to CalPERS supplemental pension payment provided in the Budget Act of 2019 Staff Benefit Rate Volatility
As a result, state employer CalPERS contribution rates were supplanted (temporarily lowered) in fiscal years 2019-20, 2020-21, and 2021-22
The benefits of the supplanting pension payments drop off in 2022- 23, resulting in an increase to the actuarially determined rates across all state plans
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 480 of 508 Staff Benefit Rate - Peace Officers & Firefighters
45.37% 47.38%
36.10%
32.84%
53.25%
50%
30.72%
88.27%
91.60%
67.01%
74.18%
94.43%
93.93%
76.23%
0.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
18/19 19/20 20/21 21/22 22/23 23/24 24/25
Staff Benefit Rate Matrix FY 18/19 - FY 24/25
Retirement Total Staff Benefit
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 481 of 508 CAL FIRE - Safety Compensation History
Survey Conclusions
CAL FIRE had to increase salaries & change schedules to remain competitive:
•2014 Comp Survey
•89.3% Below average salaries / 33.1% Below
average total compensation
•Working 25- 30 more days per year
•2020 Comp Survey
•89.3% Below average salaries / 23.6 % Below
average total compensation
•Working 25- 30 more days per year
•2023 Comp Survey
•87.5% Below average salaries / 16.7 % Below
average total compensation
•Working 10-15 more days per year
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 482 of 508 Schedule A – Administrative/Operational
• Supports administrative & operational oversight for 1,500+ uniformed employees. Provides financial services, grants, and cost recovery (County Finance). Includes Support Operations Warehouse and personnel for accountable inventory, PPE, apparatus tracking, and station supply management. Included in this allocation are several bureaus: Training, Public Information/Education, Prevention & Investigation, Health & Safety and Fire Planning and Statistics.
Operational Support
▾ Deputy Chiefs¹ (2)
▾ Division Chiefs¹ (8)
▾ (29) Battalion Chiefs²
Chief Officer Administrative Support
▾ Executive Assistant IV
▾ Executive Assistant III
▾ Executive Assistant II (2)
▾ Office Assistant III
Administrative Leadership
▾ Chief Deputy
▾ Deputy Director of Administration
Administrative Services
▾ Administrative Services Officer
▾ Senior Administrative Services Analyst
▾ Administrative Services Analyst I
Accounting & Finance
▾ Accountant II
▾ Supervising Accountant Technician (2)
▾ Accountant Technician I (5)
▾ Senior Accounting Assistants (6)
▾ Revenue & Recovery Technician II
▾ Administrative Services Assistant
Provides 24/7/365 Chief Officer Coverage for Indio
¹ All costs from this allocation are pooled
² Battalion Chief costs are split using the BC Allocation developed by Contract Partners in 2024
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 483 of 508 Air, Lighting & Rehabilitation Unit
Heavy Rescue
Schedule A – Administrative/Operational
Regional Breathing Support, Technical Rescue & Support Apparatus Fire Apparatus Engineers (6)
Squad (Truck Support)
Squad 86 functions as both a Truck Support Apparatus and a Type II Swift Water Rescue unit, delivering regional benefits.
Housed in the City of Indio, it responds first within the City under the closest-resource dispatch policy. Purchase, outfitting, and maintenance costs are pooled with the County and all Contract Partners.
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 484 of 508 ▾ In June of 2021, an internal audit by the Riverside
County Auditor-Controller’s Office identified concerns
with inventory control at the Perris Automotive Shop
and Service Center Warehouse
▾ Accountable items and capital assets stored in sea
containers due to outgrown facilities
▾ Shared site with ECC, State Finance, Personnel, and
Admin Staff — making access control nearly
impossible
▾ Perris Automotive Shop too small, forcing many
repairs to be completed outside in the parking lot
▾ Riverside County Fire & Facilities Management executed a 10-year lease and invested over $4 million in capital improvements to the facility
▾ This allocation eliminates the need for Indio to expand the existing facilities or construct new buildings to house these items/services and guarantees 24/7 supply and support coverage,
eliminating Indio’s need to design PPE
specifications, handle cleaning and inspections, manage regulatory compliance, or oversee procurement and inventory & tracking.
Support Operations Warehouse
New warehouse facility and
automotive shop operational
FY 24/25
Provides accountable inventory, personal protective
equipment, apparatus inventory & janitorial items for station operations.
• Office Assistant III
• Lead Truck Driver
• Truck Driver
• Supervising Storekeeper
• Storekeepers (7)
• Administrative Services Officer
• Administrative Services Supervisor (2)
• Administrative Services Assistant
• Buyer II (3)
• Buyer Assistant
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 485 of 508 Training Bureau – Compliance | Readiness | Contract Obligation Staffing & Support
• Battalion Chief (State Funded)
• Fire Captain (State Funded)
• Fire Captain Paramedic
• Fire Captains (8)
• AGPA
• 0.5 - Executive Assistant II
• Fire Operations Maintenance Supervisor
• Fire Operations Maintenance Worker (2)
• Office Assistant III’s (5)
Training Centers
• Ben Clark Training Center
• Roy Wilson Training Center
Instruction & Overhead
• ~$3,010,425 annually
Compliance
Required by CAL FIRE Policy 4021, CCR §
3203, and CA Labor Code § 6401.7(a)(4).
Oversees credential tracking, DMV Pull
Notice, and CDL compliance programs.
Readiness
Provides job-enhancement and readiness
training for all classifications.
Ensures 80 hours of annual formalized
training per employee.
Operates through Ben Clark and Roy
Wilson Training Centers.
Contractual Obligation
Firefighter II and Fire Apparatus Engineer
classifications complete 432 hours
annually.
Delivered through the California Joint
Apprentice Committee (CAL-JAC).
Oversees the Training Management System
to track all required credentials, expirations,
and recertifications, and manages California
DMV Pull Notice and CDL compliance
programs.
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 486 of 508 • Senior Public Information Specialist
• Senior Media Production Specialist
• Public Information Officer II
• Public Safety Information Specialists (2)
• Riverside County Fire Report On Conditions
Public Information & Education Bureau
Delivers timely and accurate information to the community and media, promotes fire and life safety education programs, and builds public trust through outreach, engagement, and transparent communication Provides 24/7/365 Public Information Officer coverage for the City of Indio. This pooled cost, shared by the County and Contract Partners, delivers scalable redundancy at a lower cost than a dedicated FTE’s
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 487 of 508 Prevention & Investigations Bureau
CAL FIRE Law Enforcement – Arson, Records, and Fire
Investigation Oversight
Battalion Chiefs ( 2 - State Funded )
Fire Captain Specialists (7)
Custodian of Records
Supervising Office Assistant
Office Assistant II
Office Assistant III (2)
California P.O.S.T. Certified Peace Officers
Certified Bomb & Arson Investigators
Manage & review all CALFIRS Data
Approve preliminary fire investigation reports
Serve as subject matter experts in fire cause & origin
Assists/Back Up local Law Enforcement Departments when
in the area
Provides 24/7/365 Arson Investigator coverage for the Coachella Valley Following a shortfall at an arson fire in a gas station under construction, additional FTEs were allocated to the desert. This ensures two CAL FIRE Peace Officers are now on duty in the Coachella Valley
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 488 of 508 Staffing
▾ Battalion Chief
▾ Fire Captain (2)
▾ AGPA
▾ 0.5 Executive Assistant II (shared with training)
Programs & Responsibilities
Respiratory Protection Program – Administers OSHA-required annual testing Medical Clearance Exams – Coordinates >1,500 annual fit tests with OSHPROS Injury & Illness Prevention Program (IIPP) – Manages safety compliance Exposure Tracking – Reports and monitors workplace incidents & Infectious Disease Exposures Hazardous Materials Permits – Fuel, propane, and compressed gas Environmental Compliance – County HazMat Plan & CAL-Recycle Tire Program Health & Wellness – Oversees employee programs, including Employee Support Services MSDS & OSHA Compliance – Maintains safety data sheets
Personal Protective Equipment Compliance
Health & Safety
Protecting firefighters through wellness programs, workplace risk reduction, and compliance with safety standards to ensure we can safely serve the community
Serves as the primary liaison to OSHA during
investigations. CAL FIRE assumes full financial
liability for any administrative citations
resulting from OSHA violations
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 489 of 508 Staffing & Support
▾ Deputy Director (50% Cost Share with County)
▾ Decision Support Manager
▾ Fire Facilities Planner (100% County Funded)
▾ Administrative Services Analyst
▾ Supervising Research Specialist
Key Functions
▾ Track and analyze emergency response data
▾ Identify operational and safety trends
▾ Support resource deployment and staffing decisions
▾ Guide long-term facility and service planning
▾ Deliver data-driven reports for decision-makers
Fire Planning & Statistics
Analyzes emergency response data, identifies trends, and provides insights to improve service delivery, resource allocation, and long-term planning for community safety Battalion 7 Report
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 490 of 508 Schedule B – Volunteer Reserve
Program
The Volunteer Reserve and Explorer Program strengthens the Fire Department’s connection to the community by developing future firefighters and supporting operational readiness.
Staffing & Support
▾ Division Manager
▾ Volunteer Services Program Manager
Key Functions
Builds the next generation of firefighters through
mentorship, training, and real-world experience.
Supports department operations with staffing for public education, incident support, and community events.
Strengthens community ties and readiness while
creating a sustainable pipeline for future fire service professionals.
▾ Mobile Emergency Communications Unit
▾ Water Tender
▾ Photography
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 491 of 508 Schedule C – Medic/EMS Administrative Support
Ensures that Emergency Medical Services (EMS) provided by the Fire Department meet and exceed the standard of care in accordance with applicable laws and protocols
Staffing
Physician/Medical Director
Registered Nurse (2)
Battalion Chief
Fire Captain Paramedic (3)
EMS Supervisor
Senior Emergency Medical Specialists (3)
Emergency Medical Specialists (7)
Admin Services Assistant
Core Functions
Program Oversight – Paramedic program leadership and coordination Quality & Compliance – Regulatory adherence, DEA narcotic accountability, complaint investigations Training & Education, Credential & License Management – Case studies, continuing education, Precepting, and clinical field experience for EMS training institutions and skills maintenance Contracts & Operations – Manages EMS service agreements Medical Equipment & Supplies – Procures AEDs, cardiac monitors, and medical supplies Liaison to EMS Regulatory Agencies – Coordinates EMS protocol updates from the State & Local EMS Agencies
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 492 of 508 Schedule D – Battalion Chief Support – Allocation Change The Battalion Chief serves as a key leadership role, providing direct daily oversight of operations, personnel, and community safety
Partner Consensus:
City partners met throughout FY
23/24 in multiple meetings
Agreed to pool all Battalion Chiefs
into a regional model
Costs now distributed by # of
Suppression Positions in each
agreement
County added 3 additional Battalion
Chiefs to strengthen the pool
Why Change Was
Needed:
CAL FIRE approved the 66-
Hour Work Week (Nov 2024
Start-Up)
Cities funding their own
Battalion Chief could not
feasibly add 1–2 more
positions
A fair and sustainable solution
was required
Impact on the City of Indio:
Implemented in FY 24/25 Cost
Allocation Plan
Increased Indio’s cost by $62,274
Historically, Indio benefited from
funding only one Battalion Chief
under the previous methodology
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 493 of 508 Schedule E – Emergency Command
Center & Dispatch Services
Staffing & Support
▾ Fire Communications Manager
▾ Public Safety Communications Officer Supervisor (7)
▾ Senior Public Safety Communications Officer (11)
▾ Public Safety Communications Officer II (60)
▾ Office Assistant III (2)
Emergency Medical Dispatch Systems
Ensures the right resources are dispatched to the right call type using standardized national protocols.
Guides dispatchers in real time through structured, evidence-based questions for medical and fire incidents.
Improves accuracy, safety, and response efficiency by matching incident severity with appropriate fire, rescue, or medical units.
▾ EMD Video
The Emergency Command Center: Where Every Call Begins and Every Response Is Coordinated. The true lifeline connecting the public, dispatchers, and first responders
The Emergency Command Center provides 24/7/365 dispatch, communications, and resource coordination for fire, medical, and rescue emergencies across the region
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 494 of 508 Fleet Services is the backbone of fire department operations, ensuring that every fire engine, truck, squad, and specialty unit is safe, reliable, and ready to respond at a moment’s notice Fleet Services Support Team
Fleet Services Manager
Fire Apparatus Fleet Supervisor (2.5)
Fire Apparatus Technician II (20)
Fire Apparatus Technician III (2)
Equipment Parts Storekeeper (2)
Administrative Services Assistant (2)
Schedule F – Fleet Services
Fleet Services: The Backbone of Operational Readiness – Where the rubber meets the road Total Apparatus Maintained 592
Total Repair Hours: 17,047 (October 1, 2025)
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 495 of 508 Communications / Information Technology
Connecting Every Piece of the Mission
Staffing
▾ IT Manager IV
▾ Admin Services Analyst II
▾ IT Supervising Business Systems
Analyst (2)
▾ IT Business Systems Analyst III
(2)
▾ IT Supervising Communications
Analyst
▾ IT Comm Analyst III
▾ IT Comm Technician II (3)
▾ IT Supervising Communications
Technician (2)
▾ IT Supervising Systems
Administrator
▾ IT Database Administrator
Radio Systems & Dispatch Technology
Maintains network repeaters and ECC systems.
Computers & CAD Integration
Connects field units and dispatch systems.
Technical Support
Provides 24/7 troubleshooting and equipment maintenance.
Cybersecurity & Compliance
Protects sensitive data and ensures operational continuity. ▾ IT Systems Administrator (3)
▾ IT User Support Technician (9)
▾ IT Web Developer
▾ Public Safety CAD Administrators (3)
Software Support
▾ Microsoft Office 365
▾ Adobe Reader & Pro Applications
▾ Tablet Command
▾ Esri Arc GIS
▾ DocuSign
▾ Viso
▾ Vector Solutions
▾ Fire Information Procurement System
▾ FIRMS
▾ Image Trend
▾ CALFIRS
▾ NIFRS
▾ RVC Fire Net Hub
▾ Significant Incident Reporting Form
(SIRF)
▾ Operational Staffing System (OSS)
▾ Training Management System
▾ CAD
▾ Genasys Protect (Zone Haven
Evacuations)
Hardware Support
▾ Mobile Data Computers
▾ Knox Locks
▾ Office Computers & Network Printers
▾ CAD Printers
▾ Mobile Radios, iPad and Tablets
▾ Handy Talkie (HT) Radios
▾ Siren and Emergency Lighting
▾ HASS Alert
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 496 of 508 Schedule I – Hazardous Materials
The Hazardous Materials Team safeguards the community by responding to chemical, biological, radiological, and environmental emergencies
Staffing & Support
Battalion Chief
Fire Captain – Haz-Mat (3)
Fire Apparatus Engineer- Haz-Mat
(3)
Firefighter II – Haz-Mat (3)
Core Functions & Allocation Highlights
• Type 1 Hazardous Materials Unit
• Allocation includes apparatus
replacement
• Covers cost of consumable items (suits,
test strips & containers)
• Unique CBRN Equipment
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 497 of 508 CAL FIRE – Indirectly Funded Administrative & Support
Positions (State Pro Rata or State Admin Fee)
Summary of 99200 Positions –
Administration &
Oversight
Compliance, HR, EEO,
Professional Standards,
and policy governance
Training &
Professional
Standards
Instruction, leadership,
and behavioral wellness.
Supports CAL FIRE
Training Centers
Technology &
Communications
IT systems, cybersecurity,
and telecom
Regional & Field
Support
Logistics, fleet,
construction, and facilities
Fiscal & Budget
Management
Accounting, procurement,
and analytics
The State Administrative Fee supports 797 positions statewide, providing essential administrative, fiscal, policy, and technical oversight. These positions form the backbone of CAL FIRE’s operational and financial infrastructure—spanning Sacramento headquarters, regional offices, Program, and individual Units—to ensure consistent governance, compliance, and accountability across the Department.
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 498 of 508 Cooperative Agreement Benefits
No Unfunded
Pension
Liability
Hold Harmless
LRO
Negotiations,
Discipline,
PERB, SPB
Vehicle
Accident
Liability &
Reimbursement
OSHA Citation
Liability
Equitable
Participation
in Regional
Resources
Reduces
Redundancy
and Promotes
Efficiency
Supports
Long-Term
Sustainability
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 499 of 508 Staffing
• 56-Hour Workweek
• +3 FTEs
Apparatus
• Heavy Rescue
• Truck Allocation
Safety & Compliance
•NFPA 1970 (PPE tracking & cleaning)
•SCBA Replacement (End-of-Life)
Stability & Support
•Benefit & Retirement Stabilization
•PEPRA Reform Realization
Standards of Cover
• Improves response reliability
• Aligns staffing and resources with actual demand
• Reduces response time variability across the city
• Supports data-driven deployment and budgeting decisions • Establishes clear performance benchmarks for accountability
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 500 of 508 City of Indio City Hall
100 Civic Center Mall
Indio, CA 92201
Main Phone
760-391-4000
Website
indio.org
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 501 of 508 Fire Planning, Research & Statistic
Division
Smart Map
–
RVC Fire Planning Tool
Calista Maloney
Data Decisions Support Manager
[email protected]
Presentation Prepared January
2026
Christina Lindsay
GIS Research Specialist II
[email protected]
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 502 of 508 Overview
RVC Fire Planning
Tool
• Joint effort between CAL FIRE, Riverside County Fire, City Partners, & Riverside County IT
• Supports Fire Planning & Optimized Fire Station locations • Incorporates key considerations & Filters:
• Provide department response time standards based on
population density
• Create department Response Time based on targeted location • Uses the existing Street Network that is used by CAD as well
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 503 of 508 RVC Fire Planning Tool
• Response Zones based on Population Category & Density • Provides current station response zones based on population and NFPA 1710 standards for response time
• Provides Future station locations that are currently in the process of being built.
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 504 of 508 RVC Fire Planning Tool
• Response Times for Fire Stations by Jurisdiction
• Response coverage by cooperative agreements between CAL Fire, Riverside County Fire, and various Contract Cities
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 505 of 508 RVC Fire Planning Tool
• Added Populations
• Provides the response zone time based on adding an additional population to the map
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 506 of 508 RVC Fire Planning Tool
• Conditions
• Provides existing projects and the conditions assigned to those projects
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 507 of 508 RVC Fire Planning Tool
• Response Times by Response Area/Location/Pin
• 4, 6, 8, 15 Minute response times based on a pin drop or address
CalFIRE Services Update and Introduction of New Riverside County Fire Ch...Page 508 of 508