Agenda packet — La Quinta City Council, June 7, 2022 (part 1 of 5)

AGENDA Page 1 of 10 JUNE 7, 2022

CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING AGENDA

JOINT MEETING OF THE CITY COUNCIL

AND HOUSING AUTHORITY

CITY HALL COUNCIL CHAMBER
78495 Calle Tampico, La Quinta
CITY COUNCIL REGULAR MEETING ON TUESDAY, JUNE 7, 2022
3:00 P.M. CLOSED SESSION | 4:00 P.M. OPEN SESSION

SPECIAL HOUSING AUTHORITY MEETING
ON TUESDAY, JUNE 7, 2022, AT 4:00 P.M.
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SPECIAL NOTICE
Teleconferencing and Telephonic Accessibility In Effect Pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.), members of the public, the City Council, Housing Authority, the City Manager/Executive Director, City Attorney/Authority Counsel, City Staff, and City Consultants may participate in this regular meeting by teleconference.

Members of the public wanting to listen to the open session of the meeting may do so by tuning-in live via http://laquinta.12milesout.com/video/live.

Members of the public wanting to address the City Council or Housing Authority, either for a specific agenda item or matters not on the agenda are requested to follow the instructions listed below:

Written public comments – can be provided in-person during the meeting or emailed to the City Clerk’s Office at [email protected] preferably by 2:00 p.m. on the day of the meeting, and will be distributed to the City City Council agendas and staff reports
are available on the City’s
web page: www.LaQuintaCA.gov
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AGENDA Page 2 of 10 JUNE 7, 2022
Council and Housing Authority, incorporated into the agenda packet and public record of the meeting, and will not be read during the meeting unless, upon the request of the Mayor/Chairperson, a brief summary of any public comment is asked to be read, to the extent the City Clerk’s Office can accommodate such request.

The email “subject line” must clearly state “Written Comments” and list the following:
1) Full Name 4) Public Comment or Agenda Item Number
2) City of Residence 5) Subject
3) Phone Number 6) Written Comments
*** TELECONFERENCE PROCEDURES ***
Verbal public comments via Teleconference – members of the public may attend and participate in this meeting by teleconference via Zoom and use the “raise your hand” feature when public comments are prompted by the Mayor/Chairperson; the City will facilitate the ability for a member of the public to be audible to the City Council and Housing Authority and general public and allow him/her/them to speak on the item(s) requested. Please note – members of the public must unmute themselves when prompted upon being recognized by the Mayor/Chairperson, in order to become audible to the City Council and Housing Authority and the public.

Only one person at a time may speak by teleconference and only after being recognized by the Mayor/Chairperson.

ZOOM LINK: https://us06web.zoom.us/j/82540879912
Meeting ID: 825 4087 9912
Or join by phone: (253) 215 – 8782
It would be appreciated that any email communications for public comments related to the items on the agenda, or for general public comment, are provided to the City Clerk’s Office at the email address listed above prior to the commencement of the meeting. If that is not possible, and to accommodate public comments on items that may be added to the agenda after its initial posting or items that are on the agenda, every effort will be made to attempt to review emails received by the City Clerk’s Office during the course of the meeting.

The Mayor/Chairperson will endeavor to take a brief pause before action is taken on any agenda item to allow the City Clerk to review emails and share any public comments received during the meeting. All emails received by the City Clerk, at the email address above, until the adjournment of the meeting, will be included within the public record relating to the meeting.
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CALL TO ORDER – CITY COUNCIL
ROLL CALL: Councilmembers: Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans CONFIRMATION OF AGENDA – CITY COUNCIL

PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA -CITY COUNCIL At this time, members of the public may address the City Council on any matter not listed on the agenda by providing written public comments either inperson or via email as indicated above; or provide verbal public comments either in-person or via teleconference by joining the meeting virtually at https://us06web.zoom.us/j/82540879912 and use the “raise your hand” feature when prompted by the Mayor. Members of the public attending the meeting in-person are requested to complete a “Request to Speak” form and submit it to the City Clerk. Please limit your comments to three (3) minutes (or approximately 350 words). The City Council values your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)].

CLOSED SESSION – CITY COUNCIL

1. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION; SIGNIFICANT EXPOSURE TO LITIGATION PURSUANT TO PARAGRAPH (2) OR (3) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9 (NUMBER OF POTENTIAL CASES: 1)

2. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION; SIGNIFICANT EXPOSURE TO LITIGATION PURSUANT TO PARAGRAPH (2) OR (3) OF SUBDIVISION (d) OF GOVERNMENT CODE SECTION 54956.9 (NUMBER OF POTENTIAL CASES: 1)

3. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6; CITY DESIGNATED REPRESENTATIVE: CHRIS ESCOBEDO, COMMUNITY RESOURCES DIRECTOR; AND EMPLOYEE
ORGANIZATION: LA QUINTA CITY EMPLOYEES’ ASSOCIATION

4. CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6; CITY DESIGNATED REPRESENTATIVE: BILL IHRKE, CITY ATTORNEY; AND UNREPRESENTED EMPLOYEE: CITY

MANAGER

RECESS TO CLOSED SESSION
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RECONVENE AT 4:00 P.M.

REPORT ON ACTIONS(S) TAKEN IN CLOSED SESSION
CALL TO ORDER – HOUSING AUTHORITY
ROLL CALL:

Authority Members: Evans, Fitzpatrick, Radi, Peña, and Chairperson Sanchez VERBAL ANNOUNCEMENT – AB 23 [AUTHORITY SECRETARY]
CONFIRMATION OF AGENDA – HOUSING AUTHORITY

PLEDGE OF ALLEGIANCE
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – CITY COUNCIL

AND HOUSING AUTHORITY
At this time, members of the public may address the City Council and Housing Authority on any matter not listed on the agenda by providing written public comments either in-person or via email as indicated above; or provide verbal public comments either in-person or via teleconference by joining the meeting virtually at https://us06web.zoom.us/j/82540879912 and use the “raise your hand” feature when prompted by the Mayor/Chairperson. Members of the public attending the meeting in-person are requested to complete a “Request to Speak” form and submit it to the City Clerk. Please limit your comments to three (3) minutes (or approximately 350 words). The City Council and Housing Authority value your comments; however, in accordance with State law, no action shall be taken on any item not appearing on the agenda unless it is an emergency item authorized by the Brown Act [Government Code § 54954.2(b)].

ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS – CITY COUNCIL AND HOUSING AUTHORITY – None
CONSENT CALENDAR – CITY COUNCIL
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.

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1. APPROVE REGULAR MEETING MINUTES OF MAY 3, 2022 11

2. APPROVE SPECIAL MEETING MINUTES OF MAY 9, 2022 25

3. APPROVE REGULAR MEETING MINUTES OF MAY 17, 2022 29
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4. EXCUSE ABSENCES OF CHAIRPERSON NIETO AND COMMISSIONER CALDWELL FROM THE MAY 24 AND JUNE 14, 2022, PLANNING

COMMISSION MEETINGS, RESPECTIVELY
39 5. AFFIRM RESOLUTION NO. 2021-035 FINDINGS RELATED TO THE STATE OF EMERGENCY DUE TO COVID-19 AUTHORIZING THE CITY MANAGER

TO CONTINUE TO IMPLEMENT TELECONFERENCE ACCESSIBILITY TO CONDUCT PUBLIC MEETINGS PURSUANT TO ASSEMBLY BILL 361
(STATS. 2021, CH. 165)
41 6. APPROVE CHANGE ORDER NO. 3 TO CONTRACT WITH CREATIVE LIGHTING INC. FOR LANDSCAPE AND LIGHTING ASSESSMENT
DISTRICT 89-1 CITYWIDE LIGHTING MAINTENANCE SERVICES
PROJECT NO. 2018-31 FOR A ONE-YEAR TERM EXTENSION AND

RELATED COMPENSATION
47 7. APPROVE CHANGE ORDER NO. 5 TO CONTRACT WITH
PWLC II, INC. FOR CITYWIDE LANDSCAPE MAINTENANCE SERVICES PROJECT NO. 2018-30 FOR A ONE-YEAR TERM EXTENSION AND

RELATED COMPENSATION
51 8. ADOPT RESOLUTIONS TO 1) APPROVE PRELIMINARY 2022/23 ENGINEER’S ANNUAL LEVY REPORT FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1, AND 2) DECLARE INTENT TO LEVY

ANNUAL ASSESSMENTS FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1 [RESOLUTION NOS. 2022-014 AND 2022-015]
57 9. ADOPT RESOLUTION TO REQUEST COUNTY OF RIVERSIDE PLACE

COLLECTION COSTS FOR SOLID WASTE HANDLING SERVICES AT
SINGLE-FAMILY DWELLINGS ON TAX ROLLS [RESOLUTION NO. 2022-016] 89 10. AUTHORIZE OVERNIGHT TRAVEL FOR TRAFFIC SIGNAL TECHNICIAN

TO ATTEND THE INTERNATIONAL MUNICIPAL SIGNAL ASSOCIATION TRAINING IN ONTARIO, CALIFORNIA FROM JUNE 27-30, 2022
95 11. APPROPRIATE FUNDING IN FISCAL YEAR 2021/22 TO UPFIT 10 CITY

OWNED VEHICLES
97 12. APPROVE AMENDMENT NO. 2 TO AGREEMENT FOR CONTRACT SERVICES WITH GOVOS, INC. (FORMER MUNIREVS, INC., DBA

LODGINGREVS) FOR SHORT-TERM VACATION RENTAL PROGRAM
SERVICES, TO INCREASE COMPENSATION FOR FISCAL YEAR 2021/22, AND TO EXTEND THE TERM THROUGH FISCAL YEAR 2023/24
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13. APPROVE AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT

SERVICES WITH PALMS TO PINES PRINTING, FOR PROMOTIONAL AND

PRINTING SERVICES, TO INCREASE COMPENSATION AND TO EXTEND THE TERM THROUGH FISCAL YEAR 2022/23
107

14. RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2021/22 TREASURY REPORTS FOR JANUARY, FEBRUARY, MARCH 2022
113

15. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED MARCH 31, 2022
167

16. APPROVE DEMAND REGISTERS DATED MAY 13, 20, & 27, 2022 173

17. ACCEPT WASHINGTON AND FRED WARING TRIPLE LEFT PROJECT NO. 2017-01, LOCATED AT THE WASHINGTON STREET AND FRED WARING

DRIVE INTERSECTION
197

18. APPROVE PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE, AND

ADVERTISE FOR BID THE CITYWIDE SLURRY SEAL IMPROVEMENTS PROJECT NO. 2021-08 LOCATED IN VARIOUS LOCATIONS
201

19. APPROVE PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE, AND

ADVERTISE FOR BID THE SILVERROCK PARK VENUE WIFI AND CAMERA

BACKBONE PROJECT
205
CONSENT CALENDAR – HOUSING AUTHORITY
NOTE: Consent Calendar items are routine in nature and can be approved by one motion.

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20. APPROVE HOUSING AUTHORITY SPECIAL MEETING MINUTES OF MAY 3, 2022
209
BUSINESS SESSION – CITY COUNCIL
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1. ADOPT RESOLUTION ACCEPTING THE CERTIFICATION OF THE

RIVERSIDE COUNTY REGISTRAR OF VOTERS AS TO SUFFICIENCY OF THE INITIATIVE PETITION ENTITLED “PHASE-OUT AND PERMANENT BAN OF NON-HOSTED SHORT-TERM VACATION RENTALS IN NONEXEMPT AREAS OF THE CITY OF LA QUINTA,” BY DECEMBER 31, 2024 [RESOLUTION NOS. 2022-017]
213

2. RECEIVE AND FILE REPORT, PREPARED PURSUANT TO CALIFORNIA ELECTIONS CODE SECTION 9212, ASSESSING THE FISCAL,

ECONOMIC, AND RELATED IMPACTS OF THE INITIATIVE MEASURE ENTITLED “PHASE-OUT AND PERMANENT BAN OF NON-HOSTED
229
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SHORT-TERM VACATION RENTALS IN NON-EXEMPT AREAS OF THE CITY OF LA QUINTA,” BY DECEMBER 31, 2024

3. ADOPT RESOLUTIONS:
(A) ORDERING THE SUBMISSION TO THE QUALIFIED ELECTORS

OF THE CITY AN INITIATIVE ORDINANCE AND BALLOT
MEASURE PROPOSING THE “PHASE-OUT AND PERMANENT

BAN OF NON-HOSTED SHORT-TERM VACATION RENTALS IN
NON-EXEMPT AREAS OF THE CITY OF LA QUINTA,” BY
DECEMBER 31, 2024, AT THE GENERAL MUNICIPAL ELECTION
TO BE HELD ON NOVEMBER 8, 2022 [RESOLUTION NO. 2022-018] (B) SETTING PRIORITIES FOR FILING WRITTEN ARGUMENTS AND

PROVIDING FOR THE FILING OF REBUTTAL ARGUMENTS

REGARDING THE INITIATIVE ORDINANCE AND BALLOT
MEASURE; AND DIRECTING THE CITY ATTORNEY TO PREPARE
AN IMPARTIAL ANALYSIS OF THE SAME [RESOLUTION NO. 2022- 019]
(C) REQUESTING RIVERSIDE COUNTY TO CONSOLIDATE THE

ELECTION FOR THE INITIATIVE ORDINANCE AND BALLOT

MEASURE WITH THE GENERAL MUNICIPAL ELECTION AND

STATEWIDE GENERAL ELECTION, TO BE HELD ON NOVEMBER
8, 2022 [RESOLUTION NO. 2022-020]
247
STUDY SESSION – CITY COUNCIL AND HOUSING AUTHORITY
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1. DISCUSS FISCAL YEAR 2022/23 PRELIMINARY PROPOSED BUDGET 277

2. DISCUSS FISCAL YEAR 2022/23 PROPOSED HOUSING AUTHORITY BUDGET
353
ADJOURNMENT – HOUSING AUTHORITY
PUBLIC HEARINGS – CITY COUNCIL – after 5:00 p.m.

For all Public Hearings on the agenda, a completed “Request to Speak” form must be filed with the City Clerk prior to consideration of that item.

A person may submit written comments to City Council before a public hearing or appear in support or opposition to the approval of a project(s). If you challenge a project(s) in court, you may be limited to raising only those issues you or someone else raised at the public hearing or in written correspondence delivered to the City at, or prior to the public hearing.

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1. ADOPT RESOLUTIONS TO CERTIFY ENVIRONMENTAL ASSESSMENT 2019-0010 AND APPROVE SPECIFIC PLAN 2019-0003 (AMENDMENT V TO ANDALUSIA SPECIFIC PLAN), GENERAL PLAN AMENDMENT 2019- 0002, ZONE CHANGE 2019-0004, SPECIFIC PLAN 2020-0002, AND TENTATIVE TRACT MAP 2019-0005; INTRODUCE FOR FIRST READING ORDINANCES APPROVING ZONE CHANGE 2019-0004 AND
DEVELOPMENT AGREEMENT 2021-0002; CEQA: CORAL MOUNTAIN
RESORT ENVIRONMENTAL IMPACT REPORT (SCH #2021020310);
LOCATION: SOUTH OF AVENUE 58, NORTH OF AVENUE 60 AND EAST

AND WEST OF MADISON STREET
[RESOLUTION NOS. 2022-021 AND 2022-022; ORDINANCE NOS. 600 AND 601] 367
DEPARTMENTAL REPORTS – CITY COUNCIL

1. CITY MANAGER

2. CITY ATTORNEY

3. CITY CLERK

4. COMMUNITY RESOURCES

5. DESIGN AND DEVELOPMENT

6. FINANCE

7. PUBLIC WORKS
MAYOR’S AND COUNCIL MEMBERS’ ITEMS
REPORTS AND INFORMATIONAL ITEMS – CITY COUNCIL

1. CVAG CONSERVATION COMMISSION (Evans)

2. CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE (Evans)

3. CVAG EXECUTIVE COMMITTEE (Evans)

4. GREATER PALM SPRINGS CONVENTION AND VISITORS BUREAU (Evans)

5. IMPERIAL IRRIGATION DISTRICT – COACHELLA VALLEY ENERGY COMMISSION (Evans)

6. LEAGUE OF CALIFORNIA CITIES DELEGATE (Evans)

7. COACHELLA VALLEY WATER DISTRICT JOINT POLICY COMMITTEE (Evans)

8. SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS (Evans)

9. ECONOMIC DEVELOPMENT SUBCOMMITTEE (Evans & Fitzpatrick)

10. COACHELLA VALLEY MOUNTAINS CONSERVANCY (Fitzpatrick)

11. DESERT RECREATION DISTRICT COMMITTEE (Fitzpatrick & Radi)

12. COACHELLA VALLEY UNIFIED SCHOOL DISTRICT COMMITTEE (Fitzpatrick & Peña)

13. RIVERSIDE COUNTY TRANSPORTATION COMMISSION (Fitzpatrick)

14. SILVERROCK EVENT SITE AD HOC COMMITTEE (Fitzpatrick)

15. CANNABIS AD HOC COMMITTEE (Peña and Sanchez)

16. CVAG PUBLIC SAFETY COMMITTEE (Peña)

17. CVAG VALLEY-WIDE HOMELESSNESS COMMITTEE (Peña)
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CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING JUNE 7, 2022

18. LEAGUE OF CALIFORNIA CITIES – PUBLIC SAFETY POLICY COMMITTEE (Peña)

19. IMPERIAL IRRIGATION DISTRICT – ENERGY CONSUMERS ADVISORY COMMITTEE (Peña)

20. COACHELLA VALLEY MOSQUITO AND VECTOR CONTROL DISTRICT (Peña)

21. COVID-19 SMALL BUSINESS EMERGENCY ECONOMIC RELIEF PROGRAM AD HOC COMMITTEE (Peña and Radi)

22. CVAG TRANSPORTATION COMMITTEE (Radi)

23. SUNLINE TRANSIT AGENCY (Radi)

24. CITYWIDE SECURITY CAMERAS AD HOC COMMITTEE (Radi)

25. DESERT SANDS UNIFIED SCHOOL DISTRICT COMMITTEE (Radi & Sanchez)

26. ANIMAL CAMPUS COMMISSION (Sanchez)

27. GREATER CV CHAMBER OF COMMERCE INFORMATION EXCHANGE COMMITTEE (Sanchez)

28. LEAGUE OF CALIFORNIA CITIES – TRANSPORTATION, COMMUNICATION AND PUBLIC WORKS POLICY COMMITTEE (Sanchez)

29. RIVERSIDE LOCAL AGENCY FORMATION COMMISSION (Sanchez)

30. PALM SPRINGS AIRPORT COMMISSION MINUTES DATED APRIL 15, 2022 985

31. HOUSING COMMISSION MEETING MINUTES DATED MARCH 9, 2022 989

32. FINANCIAL ADVISORY COMMISSION MEETING MINUTES DATED MAY 11, 2022
993
ADJOURNMENT – CITY COUNCIL
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The next regular meeting of the City Council will be held on June 21, 2022, at 4:00 p.m. at the City Hall Council Chambers, 78495 Calle Tampico, La Quinta, CA 92253.

DECLARATION OF POSTING
I, Monika Radeva, City Clerk, of the City of La Quinta, do hereby declare that the foregoing Agenda for the La Quinta City Council meeting was posted on the City’s website, near the entrance to the Council Chambers at 78495 Calle Tampico, and the bulletin boards at the Stater Brothers Supermarket at 78630 Highway 111, and the La Quinta Cove Post Office at 51321 Avenida Bermudas, on June 3, 2022.

DATED: June 3, 2022
MONIKA RADEVA, City Clerk
City of La Quinta, California
AGENDA Page 9 of 10
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Public Notices
 The La Quinta City Council/Housing Authority Chamber is handicapped accessible.

If special equipment is needed for the hearing impaired, please call the City Clerk’s office at (760) 777-7123, twenty-four (24) hours in advance of the meeting and accommodations will be made.
 If special electronic equipment is needed to make presentations to the City Council, arrangements should be made in advance by contacting the City Clerk’s office at (760) 777-7123. A one (1) week notice is required.
 If background material is to be presented to the Councilmembers/Authority Members during the meeting, please be advised that eight (8) copies of all documents, exhibits, etc., must be supplied to the City Clerk for distribution. It is requested that this take place prior to the beginning of the meeting.
 Any writings or documents provided to a majority of the City Council/Housing Authority regarding any item(s) on this agenda will be made available for public inspection at the Community Development counter at City Hall located at 78495 Calle Tampico, La Quinta, California, 92253, during normal business hours.

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CITY COUNCIL REGULAR MEETING HELD JOINTLY WITH HOUSING AUTHORITY SPECIAL MEETING COUNCIL MINUTES Page 1 of 13 MAY 3, 2022

CITY COUNCIL

MINUTES
TUESDAY, MAY 3, 2022

CALL TO ORDER
A regular meeting of the La Quinta City Council was called to order at 3:00 p.m. by Mayor Evans.

This meeting provided teleconferencing accessibility pursuant to Executive Orders N-60-20 and N-08-21 executed by the Governor of California, and subsequently Assembly Bill 361 (AB 361, 2021), enacted in response to the state of emergency relating to novel coronavirus disease 2019 (COVID-19) and enabling teleconferencing accommodations by suspending or waiving specified provisions in the Ralph M. Brown Act (Government Code § 54950 et seq.).

PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez (joined the meeting at 3:22 p.m.), Mayor Evans
ABSENT: None
STAFF PRESENT: City Manager McMillen, City Attorney Ihrke, City Clerk Radeva, Acting Deputy City Clerk McGinley, Director of Business Unit and Housing Development Villalpando, Management Analyst Kinley, Community Resources Director Escobedo, Community Resource Manager Calderon, Community Resources Analyst Calderon, Human Resources Analyst Triplett, Public Works Director/City Engineer McKinney, Traffic Management Analyst Gunterson, Management Analyst Mignogna, Finance Director Martinez, Financial Services Analyst Hallick, Management Analyst Kinley, Design and Development Director Castro, Planning Manager Flores, Code Compliance Supervisor Meredith, Permit Technician Lorett, and Marketing Manager Graham.

PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None

CONFIRMATION OF AGENDA
Councilmember Peña said he will recuse himself from discussion and vote on Business Session Item No. 2 due to a potential conflict of interest stemming from the proximity of his real property interest to the project location. Council concurred.

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CLOSED SESSION

1. CONFERENCE WITH REAL PROPERTY NEGOTIATORS PURSUANT
TO GOVERNMENT CODE SECTION 54956.8 FOR PROPERTY

LOCATED ON MAIN STREET, EAST OF DESERT CLUB DRIVE
(WESTERLY PORTION); APNS: 770-123-011 AND 770-124-010
CITY NEGOTIATOR: JON MCMILLEN, CITY MANAGER
NEGOTIATING PARTY: WELLS MARVIN
UNDER NEGOTIATION: PRICE AND TERMS OF PAYMENT

2. CONFERENCE WITH REAL PROPERTY NEGOTIATORS PURSUANT
TO GOVERNMENT CODE SECTION 54956.8 FOR PROPERTY
LOCATED ON AVENIDA LA FONDA, EAST OF DESERT CLUB DRIVE; APNS: 770-125-003, 770-125-002
CITY NEGOTIATOR: JON MCMILLEN, CITY MANAGER
NEGOTIATING PARTY: NINO ROSINI
UNDER NEGOTIATION: PRICE AND TERMS OF PAYMENT

3. PUBLIC EMPLOYEE PERFORMANCE EVALUATION (QUARTERLY
REVIEW) PURSUANT TO GOVERNMENT CODE SECTION 54957,

COUNCIL APPOINTED POSITION - CITY MANAGER

COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED INTO CLOSED SESSION AT 3:02 P.M.

MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE
CITY COUNCIL MEETING AT 4:02 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION:

City Attorney Ihrke reported no actions were taken on Closed Session Item Nos. 1 and 2 that require reporting pursuant to Government Code section 54957.1 (Brown Act); and Council will recess back to Closed Session to continue consideration of Closed Session Item No. 3 after the open portion of the meeting.

City Attorney Ihrke said Councilmember Sanchez did not participate in the discussion for Closed Session Item No. 1, as he was on a call in his capacity as the City’s designee for the Local Agency Formation Commission (LAFCO), and he joined the Council meeting at 3:22 p.m. for Closed Session Item No. 2.

PLEDGE OF ALLEGIANCE
Councilmember Sanchez led the audience in the Pledge of Allegiance. 12 CLICK HERE to Return to Agenda
COUNCIL MINUTES Page 3 of 13 MAY 3, 2022

PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
PUBLIC SPEAKER IN-PERSON: Philip Bettencourt, La Quinta – said he serves on the Imperial Irrigation District (IID) Coachella Valley Energy Commission (Commission) as the At-Large Commissioner for Cities; commended the City’s 40th Birthday Celebration held on 4/30/2022 at the Civic Center Campus; and noted his support for the independent study on electrical energy service alternatives for certain areas of the Coachella Valley and the importance of this study.

Mayor Evans explained the Commission’s objective is to develop a long-term strategic plan to continue energy services for the Coachella Valley following the 2033 expiration of the 99-year lease between IID and the Coachella Valley Water District; and LAFCO for the Counties of Riverside and Imperial have selected a consultant to conduct the study, and are awaiting the funding from the State of California pursuant to Governor Newsom’s partial approval of Assembly Bill 1021 (Mayes), which has not yet been released from the California Water Resources Control Board.

PUBLIC SPEAKER IN-PERSON: Alena Callimanis, La Quinta – spoke on behalf of herself and the La Quinta Residents for Responsible Development organization; and presented a slide show explaining her and the organization’s appeal to Council to request Planning Commissioner McCune’s resignation and set aside the vote taken by the Planning Commission on the Coral Mountain Resort project, at the regular meeting held on April 26, 2022, due to his lack of respect to public speakers and fellow Commissioners.

Mayor Evans requested that City Attorney Ihrke, who attended the April 26, 2022, Planning Commission meeting, report on his impression of Commissioner McCune’s comments to fellow Commissioners and public speakers.

City Attorney Ihrke reported that he attended the meeting and he observed that all the Commissioners had acted with professionalism and in accordance with City expectations and rules of procedure. Mr. Ihrke said that it was his impression that all of the Commissioners were well within the bounds of what would be considered proper decorum under a reasonable person standard.

City Attorney Ihrke reported that the City Council, City Manager, and City Attorney’s Office take very seriously allegations of any breach of proper decorum during a public meeting, and he reported that neither the chair of the Planning Commission nor any of the members of the Planning Commission raised concerns of improper decorum.
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COUNCIL MINUTES Page 4 of 13 MAY 3, 2022
City Attorney Ihrke also reported that state law grants absolute immunity to public agencies and its governing bodies, including the Planning Commission, for verbal or written statements made in connection with official proceedings within the jurisdiction of the governing body. The policy behind this immunity is to promote the utmost freedom of communication on subjects of public interest.

PUBLIC SPEAKER IN-PERSON: Kay Wolff, La Quinta – requested Council support of the Salton Sea Coalition’s resolution requiring that agencies focus on toxic emissions and greenhouse gases when considering a project for water importation; and asked Council to support water importation, the Coalition’s preferred solution to the evaporating Salton Sea environmental disaster.

Councilmember Radi added that a secondary benefit of a water importation project from the Sea of Cortez or the Pacific Ocean is that it could also include a clean energy production component.

WRITTEN PUBLIC COMMENTS: Mayor Evans announced the written public comments listed below, which were distributed to Council, made available on the City’s website, and included in the record of today’s meeting:

 Chuck Parker (Desert Hot Springs) with the Salton Sea Coalition, requesting Council adopt a Resolution of Support for the Long-Range Planning Committee of the Salton Sea Management Program to assess potential carbon emissions when conducting the comprehensive analysis of the ocean water import as requested in prior Council Resolutions adopted in 2019 and 2020 (Resolution Nos. 2019-012 and 2020-039).  Alena Callimanis (La Quinta) – submitted a letter on behalf of the La Quinta Residents for Responsible Development requesting Council seek the resignation of Planning Commissioner McCune.

ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS

1. TALUS – PROJECT STATUS UPDATE
Senior Project Manager Josh Frantz with Robert Green Company and Chief Operating Officer with Rilington Group Bruce Maize provided a detailed presentation on the project’s overall progress and sequence of activities onsite for 1) Montage Hotel and Spa, 2) Montage Guestrooms, 3) Montage Residences, 4) Conference and Shared Services Building, 5) Golf Clubhouse, 6) Pendry Residences, and 7) Pendry Hotel.
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Robert Green, President of the Robert Green Co. (attending via teleconference) added that demolition of Ahmanson Way for underground work and restructuring of the road will cause public inconvenience but a temporary street will be created; undergrounding utilities and onsite work will begin soon on the Pendry residences; a portion of the Pendry Hotel parking lot will be started to provide parking for the clubhouse opening in the fall; and the project schedule is being revamped to account for the concrete delays, but he still expects to meet the deadlines outlined in the Development Agreement with the City.

2. LA QUINTA ART CELEBRATION – MARCH 2022 – EVENT SUMMARY REPORT
PUBLIC SPEAKER IN-PERSON: Paul Anderson, CEO of SCOPE Events, LLC, accompanied by Event Director Kathleen Hughes and Volunteer Manager Debby Nelson, provided an overview of the successful March 2022 art event, challenges due to wind storms, high attendance during the reduced three days the festival was open, increased sales, food and beverage; the need for WiFi; November Veteran’s Day event plans; and commended the Council and staff for their collaboration and support in producing the event. Mr. Anderson announced that the La Quinta Art Celebration was named number one fine art and fine craft event in the United States. Council expressed their gratitude to Mr. Anderson and his staff for their great partnership with the City.

CONSENT CALENDAR

1. APPROVE MEETING MINUTES OF APRIL 5, 2022

2. APPROVE MEETING MINUTES OF APRIL 19, 2022

3. ADOPT RESOLUTIONS (A) CALLING AND GIVING NOTICE OF THE

HOLDING OF A GENERAL MUNICIPAL ELECTION ON TUESDAY,
NOVEMBER 8, 2022, AND (B) REQUESTING RIVERSIDE COUNTY
CONSOLIDATE THE NOVEMBER 8, 2022, MUNICIPAL ELECTION

WITH THE STATEWIDE GENERAL ELECTION
[RESOLUTION NOS. 2022-009 AND 2022-010]

4. AFFIRM RESOLUTION NO. 2021-035 FINDINGS RELATED TO THE STATE OF EMERGENCY DUE TO COVID-19 AUTHORIZING THE

CITY MANAGER TO CONTINUE TO IMPLEMENT TELECONFERENCE

ACCESSIBILITY TO CONDUCT PUBLIC MEETINGS PURSUANT TO
ASSEMBLY BILL 361 (STATS. 2021, CH. 165)

5. AWARD CONTRACT TO URBAN HABITAT FOR CONSTRUCTION OF

THE LA QUINTA LANDSCAPE RENOVATION IMPROVEMENTS
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PROJECT NO. 2016-03F, LOCATED AT THE LA QUINTA TOPAZ

DEVELOPMENT, ON THE SOUTH SIDE OF MILE AVENUE AND

WEST SIDE OF DUNE PALMS ROAD

6. APPROVE PURCHASE OF FOUR ADVANCED TRAFFIC CONTROL

CABINETS FROM ECONOLITE

7. APPROVE ASSIGNMENT AND ASSUMPTION AGREEMENT AND

AMENDMENT TO SUBDIVISION IMPROVEMENT AGREEMENT FOR
TRACT MAP NO. 29283, RANCHO LA QUINTA, A RESIDENTIAL
DEVELOPMENT LOCATED NORTH OF AVENUE 50 AND EAST OF

MOON RIVER DRIVE

8. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORT DATED FEBRUARY 28, 2022

9. APPROVE DEMAND REGISTERS DATED APRIL 15 AND 22, 2022

10. ADOPT RESOLUTION DESIGNATING SPEED LIMITS FOR
EISENHOWER DRIVE FROM AVENUE 50 TO WASHINGTON
STREET [RESOLUTION NO. 2022-011]

11. AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE TRISTATE MATERIALS TO PURCHASE UP TO $150,000 OF MATERIALS FOR FISCAL YEAR 2021/22

12. APPROVE AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT
SERVICES WITH ST. FRANCIS ELECTRIC FOR ON-CALL TRAFFIC

SIGNAL REPAIR SERVICES

13. AUTHORIZE THE PUBLIC WORKS DEPARTMENT TO UTILIZE
MACIAS NURSERY, INC. TO PURCHASE UP TO $100,000 OF
PLANT MATERIALS FOR FISCAL YEAR 2021/22
MOTION – A motion was made and seconded by Councilmembers Radi/ Fitzpatrick to approve the Consent Calendar as recommended, with Item No. 3 adopting Resolution Nos. 2022-009 and 2022-010, Item No. 4 reaffirming Resolution No. 2021-035, and Item No. 10 adopting Resolution No. 2022-011.

Motion passed unanimously.

BUSINESS SESSION

1. APPROVE GOLD STAR FAMILY MONUMENT DESIGN AND ART

PURCHASE AGREEMENT WITH SELECTED ARTIST FOR THE
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DESIGN AND BUILD OF THE MONUMENT, AND APPROPRIATE

ADDITIONAL FUNDING
Community Resources Analyst Calderon presented the staff report, which is on file in the Clerk’s Office.

Council discussed recognizing Gold Star Families of the Coachella Valley, not only La Quinta families; the symbolism of the monument; limitations to including human figures in the monument design; abstract design being more inclusive; general support for Option 2 design, possibly with a circular base; and messages can be included on the monument to achieve inclusivity.

MOTION – A motion was made and seconded by Councilmembers Peña/ Sanchez to approve Option No. 2 design for the Gold Star Family Monument with a round base; approve Art Purchase Agreement with CJ Rench artist for design and build of the monument; appropriate funds; and authorize the City Manager to execute the agreement. Motion passed unanimously.

2. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH IN-SITE LANDSCAPE ARCHITECTURE, INC. TO PROVIDE MASTER

PLANNING SERVICES FOR THE FRITZ BURNS PARK
IMPROVEMENTS PROJECT NO. 2021-02, LOCATED AT THE
CORNER OF AVENUE 52 AND AVENIDA BERMUDAS
COUNCILMEMBER PEÑA RECUSED HIMSELF FROM DISCUSSION AND
VOTE ON BUSINESS SESSION ITEM NO. 2 DUE TO A POTENTIAL

CONFLICT OF INTEREST STEMMING FROM THE PROXIMITY OF HIS REAL PROPERTY INTEREST TO THE PROJECT LOCATIONS; AND LEFT THE DIAS AT 5:13 P.M.

Management Analyst Mignogna (attending via teleconference) presented the staff report, which is on file in the Clerk’s Office. Tim Jachlewski, President of IN-SITE Landscape Architecture, Inc. (attending via teleconference) provided additional information.

Council discussed importance of community outreach for public input; the need for on-site input from youth patrons of the park; integration of the park and the City’s adjacent maintenance yard facility; proposals for the City’s teardrop/paisley-shaped parcel and its potential as a future boutique hotel site, and public transportation station; additional shade and lighting for the playground; inclusion of bike racks in the design; and cautioned that funding used to develop parks can permanently preclude the land from reverting to other uses.
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PUBLIC SPEAKER IN-PERSON: Alena Callimanis, La Quinta – noted that “splash zone” water must be properly cooled and sanitized as it’s been reported that a baby died due to ameba growing in warm, under sanitized “splash zone” waters in another city.

MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/ Radi to approve Agreement for Contract Services with IN-SITE Landscape Architecture, Inc. in the amount of $79,375 to provide Master Planning Services for the Fritz Burns Park Improvements Project No. 2021-02; and authorize the City Manager to execute the agreement. Motion passed: ayes – 4, noes – 0, absent – 1 (Peña), abstain – 0
COUNCILMEMBER PEÑA RETURNED TO THE DIAS AT 5:37 P.M. FOR THE

REMAINDER OF THE MEETING

3. APPROVE COOPERATIVE AGREEMENT WITH THE CITY OF INDIO FOR DESIGN AND CONSTRUCTION OF: 1) AVENUE 50 WIDENING
IMPROVEMENTS PROJECT NO. 2022-05, 2) JEFFERSON STREET
AND HIGHWAY 111 INTERSECTION IMPROVEMENTS PROJECT
2022-07, AND 3) JEFFERSON STREET SLURRY IMPROVEMENTS
PROJECT 2021-17; AND APPROPRIATE FUNDING FOR

JEFFERSON STREET SLURRY IMPROVEMENTS
Management Analyst Mignogna (attending via teleconference) presented the staff report, which is on file in the Clerk’s Office.

Council discussed funding for this joint Indio-La Quinta and Coachella Valley Association of Governments (CVAG) project in which 75% of the costs being paid for by CVAG, with the remaining 25% split between Indio paying three quarters, and La Quinta paying one quarter based on each city’s proportionate share of roadway; maintenance of the completed project will be done by each city for the roadway portions in each city’s jurisdiction; importance of coordinating proper notification and signage for the surrounding communities; and sharing traffic monitoring data with Indio during construction.

MOTION – A motion was made and seconded by Councilmembers Peña/Radi to:

A. Appropriate funding in the amount of $594,000 for Jefferson Street Slurry Improvements Project 2021-17.

B. Approve Cooperative Agreement with the City of Indio for the design and construction of:
1) Avenue 50 Widening Improvements Project No., 2022-05 (from Jefferson Street to Madison Street);
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2) Jefferson Street and Highway 111 Intersection Improvements Project No. 2022-07; and
3) Jefferson Street Slurry Improvements Project 2021-17.

C. Authorize the City Manager to execute the agreement.

Motion passed unanimously.

MAYOR EVANS CALLED FOR A BRIEF RECESS AT 5:51 P.M.

MAYOR EVANS RECONVENED THE COUNCIL MEETING AT 6:00 P.M.

WITH ALL MEMBERS PRESENT

STUDY SESSION

1. DISCUSS SHORT-TERM VACATION RENTAL (STVR) PROGRAM
2021 AND FIRST QUARTER 2022 CHARACTERISTICS,

COMPLIANCE AND ENFORCEMENT OVERVIEW
City Clerk Radeva, Permit Technician Lorette, and Code Compliance Supervisor Meredith presented the staff report, which is on file in the Clerk’s Office.

Council discussed that every property in areas exempt from the ban on new permits has the option to obtain a permit, but not all of them do, and at least one exempt area has zero permits; requested confirmation from staff that the density calculation for south La Quinta excludes properties in exempt areas; the 71 complaints stemmed from 48 properties and after multiple fines, the City’s remedy if they continue to offend is to instigate a lawsuit against them; data shows that most offenders comply after receiving high fines; since 2021, program expenses have decreased by $300,00 to $400,000 as revenue has increased; program permit revenue is sufficient to cover program expenses with transient occupancy tax (TOT) revenue and fines going into the General Fund to cover City services like one-third of the police budget; appreciation for the quality, comprehensiveness and tracking of the data by staff; cost increases due to inflation are expected in 2022; discontinuing the STVR program would result in a loss of about $3.5 million in TOT revenue to the City; the improvement in compliance in the program since the height of disruption in 2020, during the COVID-19 quarantine period, due to the various adjustments made by the City; quality of life for residents has been the Council’s primary focus in making adjustments over the past two years; 2022 festival season was busy for Code Compliance but far fewer complaints than in previous years; the disturbances caused by the Revolve Fyre Fest 2.0, and the need for greater restriction on their permit should Revolve apply again next year for an event permit; request for Visit Greater Palm Springs hotel 19 CLICK HERE to Return to Agenda
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occupancy data for festival periods; and reminder that this report along with all data and charts are available for public viewing on the City’s website.

2. DISCUSS CITYWIDE PUBLIC SAFETY CAMERA SYSTEM (PSCS)
PHASE 1 RECAP AND PHASE 2 PROPOSED IMPROVEMENTS
Traffic Management Analyst Gunterson presented the staff report, which is on file in the Clerk’s Office.

Riverside County Sheriff’s Department Lieutenant Martinez spoke about traffic during the festivals; the benefits of the PSCS and automatic license plate recognition (ALPR) cameras in assisting with crime and collision investigation; the policies, training, access, retention, etc. for traffic video data set forth by Senate Bill 34 (SB 34); and La Quinta being one of only three Riverside County cities without ALPR.

Council discussed the time interval between yellow and red traffic lights; the limitations of ALPR systems; and the ability to request ALPR video from surrounding cities when following suspects.

WRITTEN PUBLIC COMMENT: Mayor Evans said written public comment was received from resident Mario Sewell in opposition of the license plate readers, which were distributed to Council, made available on the City’s website, and included in the record of today’s meeting.

PUBLIC SPEAKER IN-PERSON: Kay Wolff, La Quinta – Ms. Wolff questioned if the City’s goal to reduce costs by installing the PSCS eight months ago had been evaluated yet; who monitors the images; who has access; will the Immigration and Naturalization Service have access; the clarity of night images; posting a map of the location of the 22 cameras in the City; safeguards to counter the dangers of potential misuses of images; amendments to the City Code to reflect the updated technology; possible conflict between La Quinta’s retention policy for such data and that set forth by SB 34; name/title of staff person who will be designated the “end user;” State reporting and regular meeting update requirements; and suggested more publicity for public input next time this is on the agenda so the benefits and potential abuses can be aired publicly.

Council continued to discuss that the City is under no legal obligation to share the video or data collected but have a policy to share it with the Police; including in the evaluation, Riverside County Sheriff Department’s preferred software; integration of the current PSCS system with an ALPR system; the poor quality of PSCS images at night versus the filtering and clarity of ALPR night images; ALPS systems have assisted in solving hundreds of regional 20 CLICK HERE to Return to Agenda
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crimes once license plate alerts are widely disbursed; safeguards and authorization to access images requires a signed agreement, need-to-know, right-to-know, associated case number and monthly audits to insure only authorized personnel for authorized reasons are accessing; upgrading to fiber to improve images is expensive, and tying into outside third-party internet providers, such as Spectrum or Frontier, would compromise the security of the data; details of the current complex security protocol; the possibility of the City installing ALPS and transferring ownership to the Police since the only purpose of the system is to assist in solving crimes; pros and cons, alternatives, and cost-benefit analysis of extending fiber lines to the top of the cove to capture images; the cost benefit in reductions to Police budget if ALPS is installed; the benefit of incremental phasing of imagining systems being the reduction of cost and the perfection of the technology over time; ability to block-out license plates captured that are not of interest or under investigation; procedure for public record requests for images; and refusal by Council to consider any sort of facial recognition technology now or in the future.

Council reached a consensus and directed staff to explore the next phases of enhancements; research various vendors and options; evaluate which agency should hold ownership of the system; develop a plan for public outreach which could include sharing statistics and success stories; provide Police data on the number of unsolved crimes due to inability to read license plates since the PSCS system was installed; include data on the PSCS usefulness in future Police Department quarterly reports; and conduct a test with PSCS cameras installed at a lower height to see if plate images improve.

Next Steps for Phase 2 PSCS:
 Phase 2 PSCS Project proposed in fiscal year 2022/23 CIP funding  Obtain PCSC integrator contract
 Obtain bids for Phase 2 PCSC system
 Install Phase 2 PCSC system
 If Council approves ALPR cameras, PSCS policies and procedures would be modified to be compliant with SB34 which establishes regulations for agencies using license plate reader technology
 Continue community outreach and provide public access opportunities Staff will report back to Council with more data and a project timeline by the end of summer.

PUBLIC HEARINGS – None
DEPARTMENTAL REPORTS – All reports are on file in the City Clerk’s Office. 21 CLICK HERE to Return to Agenda
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MAYOR’S AND COUNCIL MEMBERS’ ITEMS
Councilmember Radi commended City Attorney Ihrke for his service and dedication to the City and community; Council echoed his comments.

Councilmember Radi commended the City’s board and commission members for their service and dedication.

Councilmember Peña reported on the success of the City’s 40th years birthday event held at the Civic Center Campus on April 30, 2022.

Mayor Evans announced that there will be a Special Public Meeting, held virtual and jointly with the cities of La Quinta, Indio and Coachella on Monday, May 9, 2022, to discuss energy and infrastructure options and alternatives due to IID’s incapacity and deficiencies. The public and all Councilmembers are invited to join.

REPORTS AND INFORMATIONAL ITEMS
La Quinta’s representative for 2022, Mayor Evans reported on her participation in the following organization’s meeting:
 CVAG EXECUTIVE COMMITTEE
La Quinta’s representative for 2022, Mayor Pro Tem Fitzpatrick reported on her participation in the following organization’s meeting:
 RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC)
La Quinta’s representative for 2022, Councilmember Peña reported on his participation in the following organizations’ meetings:
 CVAG VALLEY-WIDE HOMELESSNESS COMMITTEE
 IID ENERGY CONSUMERS’ ADVISORY COMMITTEE
La Quinta’s representative for 2022, Councilmember Radi reported on his participation in the following organization’s meeting:
 SUNLINE TRANSIT AGENCY
CLOSED SESSION – Continued

3. PUBLIC EMPLOYEE PERFORMANCE EVALUATION (QUARTERLY
REVIEW) PURSUANT TO GOVERNMENT CODE SECTION 54957,

COUNCIL APPOINTED POSITION - CITY MANAGER

COUNCIL RECESSED THE OPEN SESSION PORTION OF THE MEETING AND MOVED INTO CLOSED SESSION AT 7:58 P.M.
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MAYOR EVANS RECONVENED THE OPEN SESSION PORTION OF THE
CITY COUNCIL MEETING AT 9:55 P.M. WITH ALL MEMBERS PRESENT REPORT ON ACTION(S) TAKEN IN CLOSED SESSION:

Pursuant to Government Code section 54957.1 (Brown Act), City Attorney Ihrke reported Council completed the City Manager’s performance review and took the following action on Closed Session Item No. 3:

MOTION – A motion was made and seconded by Councilmembers Fitzpatrick/ Peña to renew the City Manager’s employment agreement for three additional years, effective the expiration of the current agreement, with an amendment for the extension to be brought back at a future Council meeting. Motion passed unanimously.

ADJOURNMENT
There being no further business, a motion was made and seconded by Councilmembers Radi/Fitzpatrick to adjourn at 9:56 p.m. Motion passed unanimously.

Respectfully submitted,
MONIKA RADEVA, City Clerk
City of La Quinta, California
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CITY COUNCIL MINUTES Page 1 of 3 MAY 9, 2022
SPECIAL MEETING – JOINT WITH CITIES OF INDIO AND COACHELLA

SPECIAL JOINT MEETING

CITY COUNCILS OF
LA QUINTA, INDIO and COACHELLA

MINUTES
MONDAY, MAY 9, 2022

CALL TO ORDER
A special meeting of the La Quinta City Council was called to order at 3:08 p.m. by Mayor Evans.

PRESENT: La Quinta Councilmembers John Peña, Robert Radi, Steve Sanchez, Mayor Pro Tem Kathleen Fitzpatrick, and Mayor Linda Evans ABSENT: None
STAFF PRESENT: La Quinta City Manager Jon McMillen, City Attorney William H. Ihrke, City Clerk Monika Radeva, Acting Deputy City Clerk Laurie McGinley CITY OF INDIO:

Councilmembers Elaine Holmes, Glenn Miller, Lupe Ramos-Amith, Mayor Pro Tem Oscar Ortiz, Mayor Waymond Fermon, City Manager Bryan Montgomery, City Attorney Roxanne Diaz, and City Clerk Sabdi Sanchez CITY OF COACHELLA:

Councilmembers Megan Beaman Jacinto, Denise Delgado, Neftali Galarza, Mayor Pro Tem Josephine Gonzalez, Mayor Steve Hernandez, City Manager Gabriel Martin, City Attorney Carlos Campos, and City Clerk Andrea Carranza IMPERIAL IRRIGATION DISTRICT (IID):

IID Director JB Hamby, General Manager Henry Martinez, and Associate General Counsel Jamie Asbury
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SPECIAL MEETING – JOINT WITH CITIES OF INDIO AND COACHELLA RIVERSIDE COUNTY BOARD OF SUPERVISORS:

Supervisor V. Manuel Perez and Chief Operating Officer Juan Perez

PLEDGE OF ALLEGIANCE
Mayor Evans led the audience in the Pledge of Allegiance.

CONFIRMATION OF AGENDA – Confirmed

STUDY SESSION

1. DISCUSS ELECTRICAL INFRASTRUCTURE NEEDS AND

FINANCING MECHANISMS FOR THE COACHELLA VALLEY CITIES

WITHIN THE IMPERIAL IRRIGATION DISTRICT SERVICE

TERRITORY
La Quinta City Manager McMillen and Indio City Manager Montgomery presented the staff report, which is on file in the Clerk’s Office.

Officials discussed the degree to which Riverside County staff is engaged in discussions; mapping of existing and potential substations on County land; understanding the totality of the upgrades needed to produce the projected 540 megawatt capacity output in 10 years including substations, transmission lines and generation plants; identifying funding from each city, rate-payers and IID, and funding mechanisms such as bonds and developer impact fees; short-term means to add some capacity to existing substations; the role of a financing authority; resolving ownership of system upgrades; possibility of cities pre-ordering equipment due to supply chain delays of two to three years; expectation that cities and the unincorporated county area would address the need and cost of substations within their jurisdictions, and IID would thereafter maintain the entire Coachella Valley-wide system; the pros and cons of utilizing mini/micro grids that are installed, owned and maintained by either a city or a developer; viability of a public/private funding solution; excess capacity needed in place in order for cities to attract developers; conveying to existing residents/rate-payers the current critical situation, and the benefits of upgrades to them in the future; importance of taking immediate steps to address short-term needs, and begin taking concrete steps to reach long-term goals; estimated percentage of a city’s investment that would be paid by developers, and percentage that would be paid by rate increases; the mutual benefits in jobs and quality of life to neighboring cities when each city grows, improves and develops – acknowledgement that cities are codependent with connected destinies; the type and duration of bond issues for the upgrades; how historic low IID energy rates have lead to this 26 CLICK HERE to Return to Agenda
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SPECIAL MEETING – JOINT WITH CITIES OF INDIO AND COACHELLA crucial moment when action is essential; timing and details of how a Joint Powers Agreement (JPA) would work among the cities; the current IID process for reviewing requests for new service; La Quinta’s specific equipment need for future growth, and currently overloaded transformers; Mayors and City Managers from each city on the IID Energy Consumers’ Advisory Committee (ECAC) will continue to work on this, and welcome all interested Councilmembers and residents to attend; use of IID’s Rate Stabilization Fund; the cost, impacts, and value of undergrounding utilities; caution to insure a city does not overbuild capacity resulting in unused/unreimbursed capacity/cost paid by residents; pressures for growth in the Coachella Valley are not expected to cease; the need for Riverside County staff to engage in discussions; foresight needed now by residents and leaders for future growth and quality of life; next steps for cities to examine their needs, resources and desire to participate in this regional project, and to hold meetings to obtain feedback from their residents; setting the next joint meeting for June 2022 once collective staff has gathered additional information; suggestion to include in the discussion, the areas of Salton City, Desert Shores and Bombay Beach, which are outside the Coachella Valley/ Imperial County; and gratitude by Councilmembers to the City Managers, ECAC Committee Members and IID, and statements of support for the plan they developed and for continued swift progress.

PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None

ADJOURNMENT
There being no further business, a motion was made by La Quinta Councilmember Radi and seconded by a show of hands of all attending Mayors and Councilmembers to adjourn at 4:40 p.m. Motion passed unanimously.

Respectfully submitted,
MONIKA RADEVA, City Clerk
City of La Quinta, California
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COUNCIL MINUTES Page 1 of 10 MAY 17, 2022

CITY COUNCIL

MINUTES
TUESDAY, MAY 17, 2022

CALL TO ORDER
A regular meeting of the La Quinta City Council was called to order at 4:00 p.m. by Mayor Evans.

PRESENT: Councilmembers Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans ABSENT: None
STAFF PRESENT: City Manager McMillen, City Attorney Ihrke, City Clerk Radeva, Acting Deputy City Clerk McGinley, Director of Business Unit and Housing Development Villalpando, Management Analyst Kinley, Management Specialist Griffin, Community Resources Director Escobedo, Public Safety Manager Mendez, Community Resources Manager Calderon, Community Resources Analyst Calderon, Marketing Manager Graham, Finance Director Martinez, Financial Services Analyst Hallick, Public Works Director/City Engineer McKinney, Design and Development Director Castro, and Hub Manager Sanchez.

CONFIRMATION OF AGENDA – Confirmed

PLEDGE OF ALLEGIANCE
Mayor Evans led the audience in the Pledge of Allegiance.

PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
PUBLIC SPEAKER IN-PERSON: Lynda Farnen, La Quinta – opposed the proposed housing developments located at Avenue 50 and Washington Street; stated that multi-unit housing puts excess demands on traffic, schools, and CONSENT CALENDAR ITEM NO. 3 29 CLICK HERE to Return to Agenda COUNCIL MINUTES Page 2 of 10 MAY 17, 2022
public facilities; and suggests that in this area, which is a single-familyhousing community, better uses would be assisted living facilities or senior housing.

PUBLIC SPEAKER IN-PERSON: Dr. Audrey Reed, La Quinta – opposed the proposed housing developments located at Avenue 50 and Washington Street due to the impacts from lighting, noise and traffic; concerned about the sufficiency of the fence/wall separating properties; supports a senior living facility instead; stated that traffic density continues to increase in the area; and urged the City to upgrade maintenance and sidewalks on Avenue 50 between Washington Street and Park Avenue.

PUBLIC SPEAKER IN-PERSON: Kevin White, La Quinta (Fairways) – opposed the proposed housing developments located at Avenue 50 and Washington Street due to the negative effect 350 units would have on the residential area; concerned that the traffic study is five years old and done when congestion was not year-round; believes parcels are better suited for much needed senior and assisted living which generates less impact; and Council must balance the need for tax revenue with La Quinta’s quality of life standard.

PUBLIC SPEAKER IN-PERSON: Wilbert Friesen, La Quinta – submitted a request to speak opposing the proposed housing developments located at Avenue 50 and Washington Street but elected not to speak.

PUBLIC SPEAKER IN-PERSON: Angie Lafferty, La Quinta (Fairways) – opposed the proposed housing developments located at Avenue 50 and Washington Street as well as all development in La Quinta that results in the loss of natural habitat and disruption of the desert’s bio-crust; noted that concrete and pavement prevents replenishment of the aquafer and the 120-150 degrees that pavement reaches, increases the air temperature; stated that the medium to high density housing will increase air pollution, add stress to the power grid, schools, police and fire services, and parking problems along Avenue 50 by the school; and suggested that a better location for this density of housing would be a more walkable area with nearby retail.

PUBLIC SPEAKER IN-PERSON: Dante Gomez, La Quinta (Parc La Quinta) – opposed the proposed housing developments located at Avenue 50 and Washington Street due to the high density of auto and pedestrian traffic at that intersection already.

Mayor Evans reported that WRITTEN PUBLIC COMMENTS were received as listed below, which were distributed to Council, made available on the City’s website, and included in the record of today’s meeting:
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 Keith Meyer, La Quinta – on behalf of the Duna La Quinta HOA 1, opposing the proposed housing developments at Avenue 50 and Washington Street.
 Morgan Myrmo, La Quinta – in support of short-term vacation rentals.

PUBLIC SPEAKER IN-PERSON: Alena Callimanis, La Quinta – spoke on behalf of herself and La Quinta Residents for Responsible Development organization regarding their May 3, 2022, letter to Council opposing Planning Commissioner McCune’s behavior during the regular Planning Commission meeting of April 26, 2022; stated that Commissioner McCune should have recused himself from discussion on the Coral Mountain Resort project given his statements; and asked Council to have a discussion with Commissioner McCune regarding his disrespect to public speakers at Planning Commission meetings.

City Attorney Ihrke reported that he attended the meeting in question and observed the decorum of all Commissioners among themselves and toward the public which was never inappropriate in his opinion. He explained the procedure that Commissioners can initiate if they believe there has been a breach in decorum and stated that no Commissioners raised any such concern.

Mr. Ihrke further explained the absolute immunity granted elected and appointed officials to freely express their opinions on matters within their body’s jurisdiction. Lastly, he said that courts have found there has been a violation of decorum when meetings are so disrupted that they must be recessed due to noise or violence.

Mayor Evans said that she reviewed the meeting tape and found that there was a healthy discussion both pro and con of the Coral Mountain Resort project, that the Council values the diversity of opinion of its Commissioners, and with no evidence of unprofessional conduct, she would not support any action against Commissioner McCune or a set aside of the vote taken at that meeting. Councilmember Fitzpatrick concurred.

PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Carolyn Winnor, La Quinta – read into the record written comments provided by resident Lisa Castro in opposition of the Coral Mountain Resort project.

PUBLIC SPEAKER VIA TELECONFERENCE ACCESSIBILITY: Steven Frischi, La Quinta – stated that La Quinta was designated as a major fire risk area in the RiskFactor.com link published 5/17/2022 in the Desert Sun, which resulted in his fire insurance being cancelled. Mr. Frischi requested that the City Manager and City Attorney look into this report as he believes it is an error.

Council directed staff to research this fire designation as this same mislabeling error happened a few years ago and staff initiated a correction at that time. 31 CLICK HERE to Return to Agenda
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PUBLIC SPEAKER IN-PERSON: Dorian Whitney, Coachella Valley – opposed to the Coral Mountain Resort project due to water usage, and destruction of the beautiful and unique rock formations; and suggested a water feature for visitors to cool down instead of a huge wave pool.

PUBLIC SPEAKER IN-PERSON: Denise Welch, Indio – President of the newly formed national non-profit “Helping You Heal Gardens, Inc.” whose mission is to facilitate the creation of public community healing gardens throughout the U.S.; stated that La Quinta public parks would be an ideal location for one of the organization’s first gardens; and she provided a hand-out, which was distributed to Council, made available on the City’s website, and included in the record of today’s meeting.

Mayor Evans explained the City’s Community Services Grant Program and encouraged Ms. Welch to apply on behalf of her non-profit organization.

ANNOUNCEMENTS, PRESENTATIONS AND WRITTEN COMMUNICATIONS

1. INTRODUCE LA QUINTA LIBRARY BRANCH MANAGER SARA

DELACRUZ
Riverside County Library System Deputy Director Sue Duran introduced La Quinta Library Branch Manager Sara Delacruz and gave a brief presentation of Ms. Delacruz’ experience and background. Ms. Delacruz spoke of her background and appreciation for her position at the La Quinta Library branch.

2. COACHELLA VALLEY ASSOCIATION OF GOVERNMENTS (CVAG)
AND COACHELLA VALLEY CONSERVATION COMMISSION – 2021

COACHELLA VALLEY MULTIPLE SPECIES HABITAT

CONSERVATION PLAN (MSHCP) ANNUAL REPORT
CVAG Regional Planner Peter Satin gave a presentation on the history of the Coachella Valley’s habitat; background of the MSHCP; the MSHCP’s objective to preserve the habitat and its native species; and status of the installation of the remainder of the Big Horn Sheep protection fence required by California Fish and Wildlife.

CONSENT CALENDAR

1. APPROVE AGREEMENTS FOR CONTRACT SERVICES WITH
NATIONAL PLANT SERVICES, INC., DESERT CONCEPTS
CONSTRUCTION, INC., AND PWLC II, INC., FOR ON-CALL PUBLIC

WORKS MAINTENANCE SERVICES
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COUNCIL MINUTES Page 5 of 10 MAY 17, 2022

2. APPROVE AGREEMENT FOR CONTRACT SERVICES WITH
WILLDAN FINANCIAL SERVICES, INC., FOR ANNUAL LEVY

ADMINISTRATIVE SERVICES FOR LIGHTING & LANDSCAPE
ASSESSMENT DISTRICT 89-1

3. APPROVE AMENDMENT NO. 2 TO AGREEMENT FOR CONTRACT
SERVICES WITH OCEAN SPRINGS TECH, INC. FOR A ONE-YEAR

TERM EXTENSION AND RELATED COMPENSATION FOR POOL
AND WATER FEATURE MAINTENANCE SERVICES PROJECT NO.
2020-11

4. APPROVE CHANGE ORDER NO. 4 TO CONTRACT WITH VINTAGE
ASSOCIATES, INC. FOR PARK LANDSCAPE MAINTENANCE
SERVICES PROJECT NO. 2018-32 FOR A ONE-YEAR TERM

EXTENSION AND RELATED COMPENSATION

5. APPROVE AMENDMENT NO. 3 TO AGREEMENT FOR CONTRACT
SERVICES WITH TERRA NOVA PLANNING & RESEARCH, INC. TO

EXTEND CONTRACT FOR TWO ADDITIONAL YEARS FOR ON-CALL

PLANNING SERVICES

6. APPROVE AMENDMENT NO. 3 TO AGREEMENT FOR CONTRACT

SERVICES WITH ERIC NELSON DBA RASA FOR ON-CALL MAP

CHECKING SERVICES

7. APPROVE AMENDMENT NO. 4 TO AGREEMENT FOR CONTRACT

SERVICES WITH MERCHANTS BUILDING MAINTENANCE, LLC

FOR CITYWIDE JANITORIAL SERVICES

8. AFFIRM RESOLUTION NO. 2021-035 FINDINGS RELATED TO THE STATE OF EMERGENCY DUE TO COVID-19 AUTHORIZING THE

CITY MANAGER TO CONTINUE TO IMPLEMENT TELECONFERENCE

ACCESSIBILITY TO CONDUCT PUBLIC MEETINGS PURSUANT TO
ASSEMBLY BILL 361 (STATS. 2021, CH. 165)

9. APPROVE PLANS, SPECIFICATIONS, ENGINEER’S ESTIMATE,

AND ADVERTISE FOR BID THE LA QUINTA LANDSCAPE
RENOVATION IMPROVEMENTS PROJECT NO. 2016-03F3,

LOCATED AT THE LA QUINTA MARBELLA AND SIERRA DEL REY

DEVELOPMENT, ON THE SOUTH SIDE OF MILES AVENUE AND

EAST SIDE OF ADAMS STREET
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COUNCIL MINUTES Page 6 of 10 MAY 17, 2022

10. AWARD CONTRACT TO JACOBSSON ENGINEERING
CONSTRUCTION, INC. FOR CONSTRUCTION OF THE JEFFERSON
STREET AT AVENUE 53 ROUNDABOUT PROJECT NO. 2017-09

11. APPROVE DEMAND REGISTERS DATED APRIL 29 AND MAY 6,
2022

12. ADOPT RESOLUTION SUPPORTING OCEAN WATER

IMPORTATION TO REFILL THE SALTON SEA WHILE REDUCING
GREENHOUSE GAS EMISSIONS [RESOLUTION NO. 2022-012]

13. APPROVE ONE-YEAR TERM EXTENSION OF SOLUTIONS

MAINTENANCE AGREEMENT WITH SUPERION, LLC TO PROVIDE
HOSTING AND MAINTENANCE SERVICES FOR THE CITY’S TRAKiT
PERMITTING SOFTWARE FOR FISCAL YEAR 2022/23

CONSENT CALENDAR PUBLIC COMMENTS
PUBLIC SPEAKER IN-PERSON: Chuck Parker, Palm Desert – (Item No. 12) spoke in support of Salton Sea restoration efforts and thanked the Council and the City for its continued support.

PUBLIC SPEAKER IN-PERSON: Feliz Nuñez, Bermuda Dunes – (Item No. 12) spoke in support of Salton Sea restoration efforts and the substantial health and environmental benefits of the water importation plan.

MOTION – A motion was made and seconded by Councilmembers Peña/ Fitzpatrick to approve the Consent Calendar as recommended, with Item No. 8 reaffirming Resolution No. 2021-035, and Item No. 12 adopting Resolution No. 2022-012. Motion passed unanimously.

BUSINESS SESSION

1. APPROVE MEMORANDUM OF UNDERSTANDING WITH GREATER

COACHELLA VALLEY CHAMBER OF COMMERCE (GCVCC)
Director of Business Unit and Housing Development Villalpando and Marketing Manager Graham presented the staff report, which is on file in the Clerk’s Office.

PUBLIC SPEAKER IN-PERSON: Emily Falappino, President/CEO of the Greater Coachella Valley Chamber of Commerce provided additional information. 34 CLICK HERE to Return to Agenda
COUNCIL MINUTES Page 7 of 10 MAY 17, 2022
Council discussed the effectiveness and reasoning for changing The Gem publication from monthly to bi-monthly; including in The Gem a listing of community businesses to connect residents to the amazing community partners; publishing a special edition of The Gem for business promotion perhaps at the beginning of summer; ensuring that the information published is timely, not stale or repetitive; concern that lead time of two to three months for content will preclude inclusion of impromptu events; consequence for advertisers that have twelve month contracts; readership preference for paper versus digital; importance of monthly publication November to April, and summer promotion of businesses for year-round residents; focus on improving the writing and content; the value of The Gem to residents, businesses, and the City; the need to determine if the improvement desired is accomplished with increased competency or increased time to prepare; importance of identifying problem so public money is well spent on this service; locations for the Hot Rod & Custom Car Show to enhance the event and showcase local businesses; leveraging the Taste of La Quinta trademark; opportunities afforded by the SilverRock park and public event space; effectiveness of visiting businesses to make government-chamber-business personal connections; refocus of the Chamber in promoting, engaging and assisting businesses; determining post-COVID needs of businesses; getting feedback from The Gem advertisers as well as businesses that are not Chamber members and that do not advertise in The Gem; including in The Gem a survey to gauge the community’s thoughts on decreasing The Gem issues per year; the high expectations for immediate results when businesses buy ads; and cost of increasing the page count from eight to ten-twelve at $1,100 per page.

MOTION – A motion was made and seconded by Councilmembers Peña/ Fitzpatrick to bring back this item for Council consideration at the June 21, 2022, regular meeting. Motion passed unanimously.

2. APPROVE CANCELLING THE REGULAR CITY COUNCIL MEETINGS OF JULY 5, AUGUST 16, AND SEPTEMBER 6, 2022
Council waived presentation of the staff report, which is on file in the Clerk’s Office.

MOTION – A motion was made and seconded by Councilmembers Radi/ Sanchez to approve cancelling the regular City Council meetings of July 5, August 16, and September 6, 2022. Motion passed unanimously.

3. ADOPT RESOLUTION TO APPROVE AMENDED FRANCHISE

AGREEMENT WITH BURRTEC WASTE AND RECYCLING SERVICES,

LLC FOR SOLID WASTE HANDLING SERVICES AND ADJUSTED
MAXIMUM SERVICE RATES [RESOLUTION NO. 2022-013]
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COUNCIL MINUTES Page 8 of 10 MAY 17, 2022
Management Specialist Griffin presented the staff report, which is on file in the Clerk’s Office.

PUBLIC SPEAKER IN-PERSON: Frank Orlett, Vice President, Burrtec Waste and Recycling Services, LLC provided additional information.

Council discussed automatic tax roll billing versus direct billing; outstanding services provided by Burrtec; process for food waste sorting and composting; monitoring contamination and courtesy notices to residents for noncompliance; the State’s purpose in mandating green waste recycling; edible food recovery and Find Food Bank’s participation; documentation of residents and businesses that are composting; complying with this unfunded State mandate via City-Burrtec partnership; Burrtec’s plan for gradual roll-out of program and swapping out of old trash containers; composted waste marketed to farmers and golf courses by Burrtec; kitchen counter compost pails to be provided by Burrtec upon request; and waste pick up days to be changed for some residents for route efficiency.

City Attorney Ihrke said the proposed resolution included in the agenda packet was revised to accurately reflect the approval of an Amended and “Restated” Franchise Agreement, which is a non-substantive amendment.

MOTION – A motion was made and seconded by Councilmembers Radi/ Sanchez to adopt Resolution No. 2022-013 as amended, to approve an Amended and Restated Franchise Agreement with Burrtec Waste and Recycling Services, LLC for solid waste handling services and adjusted maximum service rates; and authorize the City Manager to execute the amended and restated agreement:

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA,

CALIFORNIA, APPROVING AN AMENDED AND RESTATED FRANCHISE

AGREEMENT WITH BURRTEC WASTE AND RECYCLING SERVICES, LLC FOR SOLID WASTE HANDLING SERVICES, EFFECTIVE JULY 1, 2022 Motion passed unanimously.

MAYOR EVANS CALLED FOR A BRIEF RECESS AT 6:52 P.M.

MAYOR EVANS RECONVENED THE COUNCIL MEETING AT 7:03 P.M.

WITH ALL MEMBERS PRESENT

STUDY SESSION

1. DISCUSS FISCAL YEAR 2022/23 PRELIMINARY PROPOSED
BUDGET
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COUNCIL MINUTES Page 9 of 10 MAY 17, 2022
Finance Director Martinez and Financial Services Analyst Hallick presented the staff report, which is on file in the Clerk’s Office.

Council discussed the need to protect all sources of revenue; requested marketing rate-of-return data before the budget is passed in June; the expanded responsibilities and related cost increases to the City Clerk’s budget; importance of reading the accompanying narrative along with budget charts for transparency and understanding; budgeting for some cement benches at Y points up in the Cove as resting and photography sites, and possible inclusion of workout stations; adequacy of the IT budget to protect City government from cyber-attacks; importance of remaining consistent and conservative in budget projections; consideration of examining grant funding levels and partnerships with other organizations; need to anticipate inflation; and the thoroughness and clarity of the report prepared by the Finance Department staff.

PUBLIC HEARINGS – None
DEPARTMENTAL REPORTS – All reports are on file in the City Clerk’s Office.

City Clerk Radeva explained the process for the new voting centers.

MAYOR’S AND COUNCIL MEMBERS’ ITEMS
Councilmember Peña reported on the Bruce Lee Memorial relay; single-family housing projects built to rent only; upcoming Desert Valley Builders Association luncheon regarding power; sympathies to the communities where terrible mass shootings have occurred lately; and attendance at the All-Valley Chamber at the Palm Springs Air Museum.

Councilmember Radi requested that the Police conduct a threat assessment of all places of worship and other vulnerable public establishments in La Quinta.

Councilmember Sanchez reported his attendance at the California Joint Powers Insurance Authority’s 2nd Annual Governance Leadership Academy held in Palm Desert, May 5-6, 2022. The Academy was geared towards seasoned elected officials from throughout the state and focused on effective and ethical leadership.

Mayor Evans reported on the Coachella Valley Volunteers in Medicine; the Harvey Milk breakfast; the Sherriff’s Career Day; and the upcoming Ride-ofSilence event. 37 CLICK HERE to Return to Agenda
COUNCIL MINUTES Page 10 of 10 MAY 17, 2022

REPORTS AND INFORMATIONAL ITEMS
La Quinta’s representative for 2022, Mayor Evans reported on her participation in the following organizations’ meetings:
 CVAG ENERGY AND ENVIRONMENTAL RESOURCES COMMITTEE
 SOUTHERN CALIFORNIA ASSOCIATION OF GOVERNMENTS – 2022

GENERAL ASSEMBLY BUSINESS SESSION - DELEGATE
La Quinta’s representative for 2022, Mayor Pro Tem Fitzpatrick reported on her participation in the following organization’s meeting:
 RIVERSIDE COUNTY TRANSPORTATION COMMISSION (RCTC)
La Quinta’s representative for 2022, Councilmember Sanchez reported on his participation in the following organization’s meeting:
 ANIMAL CAMPUS COMMISSION

ADJOURNMENT
There being no further business, a motion was made and seconded by Councilmembers Radi/Fitzpatrick to adjourn at 8:00 p.m. Motion passed unanimously.

Respectfully submitted,
MONIKA RADEVA, City Clerk
City of La Quinta, California
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City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: EXCUSE ABSENCES OF CHAIRPERSON NIETO AND
COMMISSIONER CALDWELL FROM THE MAY 24 AND JUNE 14, 2022,

PLANNING COMMISSION MEETINGS, RESPECTIVELY

RECOMMENDATION
Excuse absences of Chairperson Stephen Nieto and Commissioner Mary Caldwell from the May 24 and the June 14, 2022, Planning Commission meeting, respectively.

EXECUTIVE SUMMARY
 On May 24, 2022, Chairperson Nieto advised staff that he could not attend the Planning Commission Meeting that day due to illness. Chairperson Nieto has no excused or unexcused absences for fiscal year 2021/22.  On June 1, 2022, Commissioner Caldwell requested to be excused from the June 14, 2022 Planning Commission Meeting, as she will be out of the country. Commissioner Caldwell has one (1) excused and no unexcused absences for fiscal year 2021/22.

FISCAL IMPACT
No meeting attendance compensation is paid to absent members.

BACKGROUND/ANALYSIS
The Municipal Code states: “If any member of a board, commission or committee absents him/herself from two consecutive regular meetings, or absents him/herself from a total of three regular meetings within any fiscal year, his/her office shall become vacant and shall be filled as any other vacancy. A board, commission or committee member may request advance permission from the city council to be absent at one or more regular meetings due to extenuating circumstances, and/or may request the city council to excuse an absence after-the-fact where such extenuating circumstances prevented the member from seeking advance permission to be absent. If such permission or excuse is granted by the city council, the absence shall not be counted toward the above-stated limitations on absences.” CONSENT CALENDAR ITEM NO. 4
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ALTERNATIVES
Council may deny this request, which would result in the absence(s) being counted toward the Chairperson and Commissioner’s limitation on absences as noted above.

Prepared by: Laurie McGinley, Acting Deputy City Clerk
Approved by: Monika Radeva, City Clerk
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City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: AFFIRM RESOLUTION NO. 2021-035 FINDINGS RELATED TO THE STATE OF EMERGENCY DUE TO COVID-19 AUTHORIZING THE CITY

MANAGER TO CONTINUE TO IMPLEMENT TELECONFERENCE ACCESSIBILITY TO CONDUCT PUBLIC MEETINGS PURSUANT TO ASSEMBLY BILL 361 (STATS. 2021, CH. 165)

RECOMMENDATION
Affirm Resolution No. 2021-035 findings related to the state of emergency due to COVID-19 authorizing the City Manager to continue to implement teleconference accessibility to conduct public meetings pursuant to Assembly Bill 361 (Stats. 2021, Ch. 165).

EXECUTIVE SUMMARY
 Pursuant to Assembly Bill 361 (Stats. 2021, Ch. 165) (AB 361), which waived certain provisions of the Ralph M. Brown Act (Brown Act) and authorized local agencies to hold public meetings via teleconferencing whenever a state of emergency exists that makes it unsafe to meet in person, Council must reconsider the circumstances of the state of emergency every 30 days and affirm the required findings in order to continue to allow teleconference accessibility for public meetings.  On September 28, 2021, Council adopted Resolution No. 2021-035 (Attachment 1) making the required findings under AB 361 and authorizing the City Manager to implement teleconference accessibility to conduct public meetings.

FISCAL IMPACT – None.

BACKGROUND/ANALYSIS
AB 361 was signed into law by the Governor on September 16, 2021, which went into effect immediately as urgency legislation (codified under Government Code § 54953) and waived certain provisions of the Brown Act in order to allow local agencies to continue to meet remotely. Specifically, the bill allows remote teleconference flexibility, but only when there is a state of emergency that makes it unsafe to meet in person.

CONSENT CALENDAR ITEM NO. 5
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In addition, AB 361 added specific procedures and clarified the requirements for conducting remote meetings, including the opportunity for the public to provide public comment in real time; the legislative body shall take no actions during disruptions; and the legislative body, by majority vote, shall determine that meeting in person would present imminent risk to the health or safety of attendees and shall affirm these findings every 30 days, in order to continue to allow teleconference accessibility for conducting public meetings [Government Code § 54953(e)(3)]. AB 361 will sunset on January 1, 2024.

The City has implemented procedures for conducting public meetings to ensure full compliance with AB 361. In addition to the ability to attend public meetings in-person, teleconference accessibility via call-in option or an internet-based service option (via the Zoom Webinars platform) is listed on the published agenda for each meeting as well as on the City’s website. The City monitors attendance via teleconference as well as email correspondence (as published on the agenda) throughout each public meeting and provides access for public comment opportunities in real time both verbally and in writing.

On September 28, 2021, Council adopted Resolution No. 2021-035 making the initially required findings under AB 361 in order to allow the City to continue to offer teleconference accessibility for public meetings after September 30, 2021, to help mitigate the spread of COVID-19.

As noted above, Council must reconsider the state of emergency due to COVID-19 every 30 days and affirm the findings under Resolution No. 2021- 035 in order to continue to allow teleconference accessibility for conducting public meetings.

Council has affirmed the findings under Resolution No. 2021-035 as follows:
 October 19, 2021
 November 16, 2021
 December 7, 2021
 December 21, 2021
 January 18, 2022
 February 15, 2022
 March 15, 2022
 April 5, 2022
 May 3, 2022
 May 17, 2022
Prepared by: Monika Radeva, City Clerk
Approved by: Jon McMillen, City Manager
Attachment: 1. Council Resolution No. 2021-035
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RESOLUTION NO. 2021 - 035

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF LA QUINTA, CALIFORNIA,

AUTHORIZING THE CITY MANAGER TO

IMPLEMENT TELECONFERENCE ACCESSIBILITY

FOR CONDUCTING PUBLIC MEETINGS
PURSUANT TO ASSEMBLY BILL 361 (STATS.
2021, CH. 165)
WHEREAS, on March 4, 2020, the Governor of California proclaimed a State of Emergency to exist in California as a result of the threat of novel coronavirus disease 2019 (COVID-19); and
WHEREAS, on March 17, 2020, the City Council adopted Emergency Resolution No. EM 2020-001, proclaiming a local emergency as defined in La Quinta Municipal Code Section 2.20.020, due to the threat of the existence and spread of COVID-19; and
WHEREAS, on March 17, 2020, the Governor of California executed Executive Order N-29-20 which suspended and modified specified provisions in the Ralph M. Brown Act (Government Code Section § 54950 et seq.) and authorized local legislative bodies to hold public meetings via teleconferencing and to make public meeting accessible telephonically or otherwise electronically to all members of the public seeking to observe and address the local legislative body; and
WHEREAS, on June 11, 2021, the Governor of California executed Executive Order N-08-21 which extended the provisions of Executive Order N29-20 concerning teleconference accommodations for public meetings through September 30, 2021; and
WHEREAS, on September 16, 2021, the Governor of California signed into law Assembly Bill 361 (AB 361, Rivas) (Stats. 2021, ch. 165) amending Government Code § 54953 and providing alternative teleconferencing requirements to conduct public meetings during a proclaimed state of emergency; and
WHEREAS, AB 361 (Stats. 2021, ch. 165) imposes requirements to ensure members of the public are able to attend and participate in public meetings conducted via teleconference, including:

ATTACHMENT 143 CLICK HERE to Return to Agenda
Resolution No. 2021 – 035
Teleconference Procedures for Conducting Public Meetings Pursuant to AB 361 (Stats. 2021, ch. 165) Adopted: September 28, 2021

Page 2 of 4 ends

 Notice of the means by which members of the public may access the meeting and offer public comment, including an opportunity for all persons to attend via a call-in option or an internet-based service option;
 The legislative body shall take no further action on agenda items when there is a disruption which prevents the public agency from broadcasting the meeting, or in the event of a disruption within the local agency’s control which prevents members of the public from offering public comments, until public access is restored;
 Prohibits the legislative body from requiring public comments to be submitted in advance of the meeting and specifies that the legislative body must provide an opportunity for members of the public to address the legislative body and offer comments in real time;
 Prohibits the legislative body from closing the public comment period until the public comment period has elapsed or until a reasonable amount of time has elapsed; and
WHEREAS, the City has already implemented and is in full compliance with the requirements listed above when conducting public meetings via teleconference, which are now codified in Government Code § 54953(e)(2)(BG); and WHEREAS, pursuant to Government Code § 54953(e)(B), the legislative body shall hold a meeting during a proclaimed state of emergency for the purpose of determining, by majority vote, whether as a result of the emergency, meeting in person would present imminent risks to the health and safety of attendees. The City Council must make these findings no later than 30 days after the first teleconferenced meeting is held pursuant to AB 361 (Stats. 2021, ch. 165) after September 30, 2021, and must also make these findings every 30 days thereafter, in order to continue to allow teleconference accessibility for conducing public meetings.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows:

SECTION 1. The City Council hereby declares that the recitals set forth above are true and correct, and incorporated into this resolution as findings of the City Council.
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Resolution No. 2021 – 035
Teleconference Procedures for Conducting Public Meetings Pursuant to AB 361 (Stats. 2021, ch. 165) Adopted: September 28, 2021

Page 3 of 4 ends

SECTION 2. The City Council hereby declares that a state of emergency as a result of the threat of COVID-19 still exists and continues to impact the ability of members of the public, the City Council, City Boards, Commissions, and Committees, City staff and consultants to meet safely in person.

SECTION 3. The State of California and the City of La Quinta continue to follow safety measures in response to COVID-19 as ordered or recommended by the Centers for Disease Control and Prevention (CDC), California Department of Public Health (DPH), and/or County of Riverside, as applicable, including facial coverings when required and social distancing.

SECTION 4. The City Council hereby declares that, pursuant to the findings listed in this Resolution, the City Manager is authorized to utilize teleconferencing accessibility to conduct public meetings pursuant to AB 361 (Stats. 2021, ch. 165) and Government Code § 54953, as amended thereby.

SECTION 5. Severability: If any section, subsection, subdivision, sentence, clause, phrase, or portion of this Resolution is, for any reason, held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Resolution. The City Council hereby declares that it would have adopted this Resolution and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, subdivisions, sentences, clauses, phrases, or portions thereof be declared unconstitutional.

SECTION 6. Effective Date: This Resolution shall become effective immediately upon adoption.

PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 28th day of September, 2021, by the following vote:

AYES: Council Members Fitzpatrick, Peña, Radi, Sanchez, Mayor Evans
NOES: None
ABSENT: None
ABSTAIN: None
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City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: APPROVE CHANGE ORDER NO. 3 TO CONTRACT WITH CREATIVE LIGHTING INC. FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1 CITYWIDE LIGHTING MAINTENANCE SERVICES PROJECT NO. 2018-31 FOR A ONE-YEAR TERM EXTENSION AND RELATED COMPENSATION

RECOMMENDATION
Approve Contract Change Order No. 3 with Creative Lighting, Inc., for a one-year term extension through June 30, 2023, a 7% increase in compensation, in an amount not to exceed $72,767 for fiscal year 2022/23, to provide Citywide Lighting Maintenance Services Project No. 2018-31; and authorize the City Manager to execute the change order.

EXECUTIVE SUMMARY
• The Lighting Maintenance Services provides landscape lighting maintenance of medians and parkways throughout the City. This lighting is important for motorist safety and street aesthetics. • Creative Lighting, Inc. has provided citywide lighting maintenance services for the City since 2019, following a request for qualifications and proposal.
• Change Order No. 3 (Attachment 1) requests a one-year term extension and a 7% increase in compensation, for a total contract amount of $72,767 for fiscal year (FY) 2022/23.

FISCAL IMPACT
Total compensation for fiscal year 2022/23 would be $72,767, which includes a 7% increase of $4,761 to the 2021/22 compensation amount. The annual cost is allocated to the L&L Fund (215-7004-60104). These costs are included in FY 2022/23 proposed operating budget.

FY Compensation FY Total
Compensation
Initial Contract 2019/20 $ 76,198 $ 76,198
Change Order No. 1 – 15% decrease 2020/21 ($ 11,430) $ 64,768 Change Order No. 2 – 5% increase 2021/22 $ 3,238 $ 68,006 Change Order No. 3 – 7% increase 2022/23 $ 4,761 $ 72,767 CONSENT CALENDAR ITEM NO. 6
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The Landscape and Lighting District 89-1 (L&L District) operates in a deficit and is annually subsidized by the General Fund. The current subsidy projected for the 2022/23 budget is $1,257,964.

BACKGROUND/ANALYSIS
The L&L District provides landscape and lighting maintenance services Citywide, and includes all public medians, parkways, and retention areas. These services are necessary for roadway safety, water retention, and visual aesthetics.

On April 11, 2019, a request for qualifications and proposal was advertised to provide landscape lighting maintenance of medians and parkways throughout the City; three proposals were received; and the contract was awarded to Creative Lighting, Inc. on May 21, 2019, based on their qualifications and experience.

In May 2020, the City executed Change Order No. 1 for a one-year term extension for FY 2020/21, and a 15% compensation decrease due to the COVID-19 pandemic. In May 2021, the City executed Change Order No. 2 for a one-year term extensions for FY 2021/22, and a 5% increase in compensation.

Change Order No. 3 proposes a one-year term extension for FY 2022/23, and a 7% compensation increase of $4,761 as a result of increased labor, material and fuel costs, for a total not to exceed contract amount of $72,767. Based on the contractor’s performance, staff recommends Council approval of Change Order No. 3.

ALTERNATIVES
Council may direct staff to prepare new bid documents and specifications to advertise the Citywide Lighting Maintenance Service Contract for Fiscal Year 2022/23. However, that would cause a delay in services.

Prepared by: Dianne Hansen, Management Analyst, Parks/Landscape Approved by: Bryan McKinney, Public Works Director/City Engineer Attachment: 1. Contract Change Order No.3
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Sheet 1 of 1
AGREEMENT: CITYWIDE LIGHTING MAINTENTANCE SERVICES, LANDSCAPE AND LIGHTING DISTRICT 89-1
PROJECT NO. 2018-31
CONTRACTOR: CREATIVE LIGHTING & ELECTRICAL, INC.

CHANGE ORDER NO. 3
************************************************************************ Pursuant to the terms of the original Agreement for Contract Services, you are hereby directed to make the herein described changes or do the following described work not included in the plans and specifications for this Agreement.

Unless otherwise stated all work shall conform to the terms, general conditions, and special provisions of the original Agreement.
***************************************************************

DESCRIPTION OF CHANGE

1. As provided in Section 1210 – Contract sum is amended as follows: the total contract amount of $68,006 is increased to $72,767 which includes a 7% contract increase of $4,761

2. As provided in Section 2000, 2.0, contract terms; the City and Contractor agree to extend the term of the contract for the second (1) one-year extension, commencing on July 1, 2022 through June 30, 2023.
********************************************************************* By reason of this change order the time of completion is adjusted as follows: -365- days added/deleted to contract time. The start date for these services shall be: 07/01/2022 ********************************************************************* Submitted By: Date:

Approved By: Date:
*************************************************************** We, the undersigned Contractor, have given careful consideration to the change proposed and hereby agree, if this proposal is approved, that we will provide all equipment, furnish all materials, perform all labor, except as may be noted above, and perform all services necessary to complete the above specified work, and hereby accept as full payment the amount shown above, which includes all direct and indirect overhead expenses for any delays.

Accepted By: Title: _President/CEO
Print Name:__Anthony Spinuzzi__Print Company: Creative Lighting & Electrical, Inc.

Previous Agreement Amount Through
Change Order No. 2_ $68,006
Add This Change Order $ 4,761
Revised Agreement Total $72,767
ATTACHMENT 1
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City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: APPROVE CHANGE ORDER NO. 5 TO CONTRACT WITH PWLC II, INC. FOR CITYWIDE LANDSCAPE MAINTENANCE SERVICES PROJECT NO. 2018-30 FOR A ONE-YEAR TERM EXTENSION AND RELATED

COMPENSATION

RECOMMENDATION
Approve Contract Change Order No. 5 with PWLC II, Inc. for a one-year term extension through June 30, 2023, and a 7% increase in compensation, in an amount not to exceed $721,010 for fiscal year 2022/23, to provide Citywide Landscape Maintenance Services Project No. 2018-30; and authorize the City Manager to execute the change order.

EXECUTIVE SUMMARY
• The City contracts landscape maintenance services for all public medians, parkways and retention areas throughout the City.
• PWLC II, Inc. has provided citywide landscape maintenance services for the Landscape and Lighting Assessment District 89-1 (L&L) since 2019, following a request for qualifications and proposal.
• Change Order No. 5 (Attachment 1) requests a one-year term extension, a 7% increase in compensation, and winter overseeding at Fire Stations 70 and 93, for a total contract amount of $721,010 for fiscal year (FY) 2022/23.

FISCAL IMPACT
The total contract cost for FY 2022/23 would be $721,010, which includes a 7% increase of $47,079 from FY 2021/22 compensation and the cost of overseeding Fire Stations 70 and 93 for $1,375. The annual cost is allocated between L&L (215-7004-60112) and Fire Station funds (101-2002-60112).

These costs are currently included in FY 2022/23 proposed operating budget.

CONSENT CALENDAR ITEM NO. 7
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FY Compensation FY Total
Compensation
Initial Contract 2019/20 $ 687,059 $ 687,059
Change Order No. 1 – change of areas 2020 ($ 4) $ 687,055 Change Order No. 2 – 15% decrease 2020/21 ($ 90,713) $ 596,342 Change Order No. 3 – additional
service maintenance areas
2020/21 $ 14,094 $ 610,436
Change Order No. 4 – 5% increase 2021/22 $ 62,120 $ 672,556 Change Order No. 5 – 7% increase &
Fire Stations 70 & 93 winter overseeding
2022/23 $ 47,079
$ 1,375
$ 721,010
The L&L operates in a deficit and is annually subsidized by the General Fund.

The current subsidy projected for the 2022/23 budget is $1,257,964.

BACKGROUND/ANALYSIS
The L&L provides landscape and lighting maintenance services citywide. This includes all public medians, parkways, and retention areas. These services are necessary for roadway safety, water retention, and visual aesthetics.

On April 11, 2019, a request for qualifications and proposal was advertised to provide citywide landscape maintenance services for the L&L; four proposals were received; and the contract was awarded to PWLC II, Inc. on May 21, 2019, based on their experience and qualifications.

In February 2020, the City executed Change Order No. 1 to include additional maintenance areas, and removal of areas. In June 2020, the City executed Change Order No. 2 for a one-year term extension for FY 2020/21, and a 15% compensation decrease due to the COVID-19 pandemic. In December 2020, the City executed Change Order No. 3 which included additional maintenance areas. In May 2021, the City executed Change Order No. 4 for a one-year term extension for FY 2021/22, a 5% increase in compensation and additional service areas.

Change Order No. 5 proposes a one-year term extension for FY 2022/23, which includes a 7% increase in compensation of $47,079 due to increased labor, materials and fuel costs, and $1,375 for winter over-seeding at Fire Stations 70 and 93, for a total contract amount $721,010. Based on the contractor’s performance and response time to correct issues, staff recommends Council approval of Change Order No. 5.
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ALTERNATIVES
Direct staff to prepare new bid documents and specifications to advertise the Citywide Landscape Maintenance Service Contract for 2022/23.

Prepared by: Dianne Hansen, Management Analyst, Parks/Landscape Approved by: Bryan McKinney, Public Works Director/City Engineer Attachment: 1. Contract Change Order No.5
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Sheet 1 of 1
AGREEMENT: CITYWIDE LANDSCAPE MAINTENTANCE SERVICES, LANDSCAPE AND LIGHTING DISTRICT 89-1
PROJECT NO. 2018-30
CONTRACTOR: PWLC II, INC.

CHANGE ORDER NO. 5
************************************************************************ Pursuant to the terms of the original Agreement for Contract Services, you are hereby directed to make the herein described changes or do the following described work not included in the plans and specifications for this Agreement.

Unless otherwise stated all work shall conform to the terms, general conditions, and special provisions of the original Agreement.
***************************************************************

DESCRIPTION OF CHANGE

1. As provided on Section 1240 – Contract sum is amended as follows: the total contract amount of $672,556 is increased to $721,010 which includes a 7% contract increase of $47,079.

2. As provided in Section 2000, 2.0, contract terms; the City and Contractor agree to extend the term of the contract for the third one-year extension, commencing on July 1, 2022 through June 30, 2023

3. As provided in Section 3000, 7.0 Turfgrass, C. Winter Over-Seeding, add overseeding of Fire Stations 70 and 93; cost $1,375.
********************************************************************* By reason of this change order the time of completion is adjusted as follows: -365- days added/deleted to contract time. The start date for these services shall be: 07/01/2022 Submitted By: Date:

Accepted By: Title: President
Print Name: Paul Rasmussen Print Company: PWLC II, INC
Previous Agreement Amount Through
Change Order No. 4_ $ 672,556
Add This Change Order $ 47,079
Add This Change Order $ 1,375
Revised Agreement Total $ 721,010
ATTACHMENT 1
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City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: ADOPT RESOLUTIONS TO 1) APPROVE PRELIMINARY 2022/23 ENGINEER’S ANNUAL LEVY REPORT FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1, AND 2) DECLARE INTENT TO LEVY ANNUAL ASSESSMENTS FOR LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT 89-1

RECOMMENDATION
A. Adopt a Resolution approving the preliminary 2022/23 Engineer’s Annual Levy Report for Landscape and Lighting Assessment District 89-1; and B. Adopt a Resolution declaring the City’s intent to levy annual assessments for construction, maintenance and servicing landscape and lighting improvements within the Citywide Landscape and Lighting Assessment District 89-1 and giving notice thereof.

EXECUTIVE SUMMARY
• Annually, Council must take certain actions to allow the City to levy annual assessments pertaining to Citywide Landscape and Lighting Assessment District 89-1 (District).
• These actions include adopting the recommended resolutions and scheduling a public hearing (Hearing).
• The annual assessments fund 44% of the citywide landscape, lighting, median, and parkways maintenance costs. The 2022/23 assessment rate will remain at $35.60 per dwelling/parcel also identified as an equivalent benefit unit (EBU). This has been the rate since 1997.
• Any increase to the assessment rate requires a benefit analysis; new assessments must then be approved by a majority vote of all property owners within the City, which comprises the District.

FISCAL IMPACT
The estimated 2022/23 cost for retention basin maintenance, and median and parkway landscape and lighting maintenance is $2,390,300 (Table 1).

CONSENT CALENDAR ITEM NO. 8
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The EBU will generate an estimated $982,336. The City will also receive $150,000 from County Service Area 152, levied by Riverside County, for retention basin maintenance. The combined income is projected to be $1,132,336, leaving a shortfall (funded by the General Fund) of $1,257,964.

BACKGROUND/ANALYSIS
In 1989, the City formed the District to fund the maintenance, construction, and servicing of landscape areas, streetlights and traffic signals. Pursuant to the Landscape and Lighting Act of 1972, the City must annually perform a series of activities as outlined in Attachment 1, including preparation of an annual engineer’s report.

The 2022/23 Preliminary Engineer’s Annual Levy Report (Engineer’s Report), included as Exhibit A to the first resolution, has been prepared by City staff and Willdan Financial Services (Willdan provides parcel recognition support) to establish the maintenance budget and identify the benefitting parcels. Below is a comparison of the 2021/22 and 2022/23 Engineer’s Reports (Table 2). 2021/22 2022/23
Citywide Benefit Zone Yes Yes
Number of Local Benefit Zones 6 6
Number of Equivalent Benefit Units (EBU’s) 27,594 27,594 EBU Rate $35.60/EBU $35.60/EBU
District Revenue $982,336 $982,336
Willdan does not project an increase in EBU’s from 2021/22 to 2022/23; actuals will be based on the final 2022/23 County Secured Tax Roll.

All property owners, including those within the six local benefit zones, would be assessed a flat rate. The methodology has remained the same under the provisions of Proposition 218, which prohibits assessment increases without the approval of a simple majority of property owners in a public vote within the District.

The Council is required to approve the Engineer’s Report and schedule a hearing to allow property owners an opportunity to provide testimony regarding any proposed changes. The hearing is scheduled for June 21, 2022.

Approving the Engineer’s Report does not impose the proposed EBU; the City can only levy the fee after a public hearing. Upon conclusion of the hearing, Council may consider the testimony and a resolution confirming the assessment diagram and EBU Rate.
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The Engineer’s report also includes an annual review of the general funds budgeted for parks (Table 1) for City Council to consider if they ever chose to pursue the creation of a Parks Assessment District.

ALTERNATIVES
Council may elect to increase assessments in order to fully fund the District costs. Staff projects that the assessment would need to increase by $45.75 per EBU to balance the District budget. If the Council selects this option, a District-wide benefit analysis and approval of the new assessments by vote of all affected property owners would be needed.

Prepared by: Dianne Hansen, Management Analyst, Parks/Landscape Approved by: Bryan McKinney, Public Works Director/City Engineer Attachment: 1. Annual Activities Report

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RESOLUTION NO. 2022 – XXX

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF LA QUINTA, CALIFORNIA, APPROVING
THE PRELIMINARY ENGINEER’S REPORT FOR
FISCAL YEAR 2022/2023 IN CONNECTION

WITH LA QUINTA LANDSCAPE AND LIGHTING
ASSESSMENT DISTRICT 89-1
WHEREAS, the City Engineer has prepared and filed a report entitled “La Quinta Landscape and Lighting Assessment District 89-1, Preliminary Engineer’s Report” (the “Report”) with the City Clerk of the City of La Quinta; and
WHEREAS, the Report has been presented to City Council for review; and
WHEREAS, the City Council has carefully examined and reviewed such Report.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows:

SECTION 1. The Report, as filed, is hereby approved, included hereto as “Exhibit A” and incorporated herewith by this reference.

SECTION 2. The City Council authorizes and directs the City Clerk to (i) submit certified copies of this resolution to the County of Riverside and (ii) take such other and further actions as may be necessary and proper for the County Assessor to place this assessment on the tax roll.

SECTION 2. This Resolution shall go into effect upon adoption. 61 CLICK HERE to Return to Agenda
Resolution No. 2022 – XXX
Preliminary Engineer’s Report L&L District 89-1
Adopted: June 7, 2022

Page 2 of 2 ends

PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 7th day of June 2022, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
___________________________
MONIKA RADEVA. City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
___________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
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City of La Quinta
Street Lighting and Landscape
District No. 89-1
2022/2023 ENGINEER’S ANNUAL LEVY REPORT
Intent Meeting: June 7, 2022
Public Hearing: June 21, 2022
27368 Via Industria
Suite 200
Temecula, CA 92590
T 951.587.3500 | 800.755.6864
F 951.587.3510
www.willdan.com

EXHIBIT A
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AFFIDAVIT FOR THE ENGINEER'S ANNUAL LEVY REPORT
City of La Quinta
Street Lighting and Landscape District No. 89-1
Riverside County, State of California
This Report and the enclosed diagrams show the exterior boundaries of the District therein including the improvements, budgets, parcels and assessments to be levied for Fiscal Year 2022/2023, as they existed at the time of the passage of the Resolution of Intention. Reference is hereby made to the Riverside County Assessor’s maps for a detailed description of the lines and dimensions of parcels within the District. The undersigned respectfully submits the enclosed Report as directed by the City Council.

Dated this ____________ day of ______________, 2022.

Willdan Financial Services
Assessment Engineer
On Behalf of the City of La Quinta
By: ________________________________
Michelle Laase
Project Manager, District Administration Services
By: ________________________________
Tyrone Peter
P.E. # C 81888
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ENGINEER'S REPORT

CITY OF LA QUINTA

STREET LIGHTING AND LANDSCAPE
DISTRICT NO. 89-1
I HEREBY CERTIFY that the enclosed Engineer's Report, together with Assessment Roll thereto attached was filed with me on the day of , 2022.

BY: Monika Radeva, City Clerk
City of La Quinta
Riverside County, California
I HEREBY CERTIFY that the enclosed Engineer's Report, together with Assessment Roll thereto attached, was approved and confirmed by the City Council of the City of La Quinta, California, on the day of , 2022.

BY: Monika Radeva, City Clerk
City of La Quinta
Riverside County, California
I HEREBY CERTIFY that the enclosed Assessment Roll was filed with the County Auditor of the County of Riverside, on the day of , 2022.

BY: Monika Radeva, City Clerk
City of La Quinta
Riverside County, California
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TABLE OF CONTENTS
I. OVERVIEW 1
A. INTRODUCTION 1
B. COMPLIANCE WITH CURRENT LEGISLATION 1
C. HISTORICAL BACKGROUND AND LEGISLATION 2
II. DESCRIPTION OF THE DISTRICT 2
A. DISTRICT BOUNDARIES AND SPECIFIC AREAS OF IMPROVEMENT 2 B. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT 2
C. IMPROVEMENTS WITHIN THE DISTRICT 4
III. METHOD OF APPORTIONMENT 5
A. GENERAL 5
B. BENEFIT ANALYSIS 5
C. METHODOLOGY 6
IV. DISTRICT BUDGETS 10
A. DESCRIPTION OF BUDGET ITEMS 10
B. 2022/2023 DISTRICT BUDGET 11
APPENDIX A – DISTRICT ASSESSMENT DIAGRAM 14
APPENDIX B – 2022/2023 COLLECTION ROLL 15
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2022/2023 City Of La Quinta L&L 89-1 Page 1 of 15
I. OVERVIEW
A. INTRODUCTION
The City of La Quinta (the “City”) annually levies and collects special assessments in order to provide and maintain the facilities, improvements and services within Street Lighting and Landscape District No. 89-1 (the “District”). The District was formed in 1989 pursuant to the Landscaping and Lighting Act of 1972 (the “1972 Act”), Part 2 of Division 15 of the Streets and Highways Code and authorizes the Agency to annually levy and collect assessments to maintain the services and improvements related thereto.

This Engineer’s Annual Levy Report (the “Report”) describes the District, any changes to the District, and the proposed assessments for Fiscal Year 2022/2023.

The proposed assessments are based on the estimated cost to maintain improvements that provide special benefit to properties assessed within the District. The various improvements within the District and the costs of those improvements are identified and budgeted separately, including expenditures, deficits, surpluses, revenues, and reserves. The word “parcel,” for the purposes of this Report, refers to an individual property assigned its own Assessor Parcel Number (“APN”) by the Riverside County Assessor’s Office. The Riverside County Auditor/Controller uses Assessor Parcel Numbers and specific fund numbers on the tax roll to identify properties assessed for special district benefit assessments.

Each parcel within the District is assessed proportionately for those improvements provided by the District and from which the parcel receives special benefit.

Following consideration of public comments, written protests at a noticed public hearing and review of the Report, the City Council may order amendments to the Report or confirm the Report as submitted. Following final approval of the Report, and confirmation of the assessments, the City Council may order the levy and collection of assessments for Fiscal Year 2022/2023 pursuant to the 1972 Act. In such case, the assessment information will be submitted to the Riverside County Auditor/Controller and included on the property tax roll for each benefiting parcel for Fiscal Year 2022/2023.

B. COMPLIANCE WITH CURRENT LEGISLATION
The District was formed in 1989 pursuant to the 1972 Act. As such, the City has determined that pursuant to California Constitution Article XIIID Section 5 Subsection A the existing assessments are exempt from the substantive and procedural requirements of Proposition 218. Any new or increased assessments above the maximum assessment rates previously approved and levied by the City Council would be subject to both the substantive and procedural requirements of the Proposition.
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C. HISTORICAL BACKGROUND AND LEGISLATION
The assessments for the District provide a special benefit to the parcels assessed, and the City utilizes General Fund Revenues to fund improvements and services that are considered general benefit.

This District was formed pursuant to the 1972 Act, which permits the establishment of assessment districts by cities for the purpose of providing for the maintenance of certain public improvements, which include the facilities existing within the District, as those improvements provide a special benefit to parcels.

The City Council reviews the current and projected years’ costs for the construction, operation, maintenance, and servicing of the District facilities and sets the assessment for the ensuing fiscal year, which runs between July 1 and June 30.

II. DESCRIPTION OF THE DISTRICT
A. DISTRICT BOUNDARIES AND SPECIFIC AREAS OF IMPROVEMENT The boundaries of the District are coterminous with the boundaries of the City. The Diagram of the District showing the exterior boundaries has been submitted to the City Clerk at the City and is included by reference.

B. IMPROVEMENTS AUTHORIZED BY THE 1972 ACT
As applicable or may be applicable to this District, the 1972 Act defines improvements to mean one or any combination of the following:
 The installation or planting of landscaping.
 The installation or construction of statuary, fountains, and other ornamental structures and facilities.
 The installation or construction of public lighting facilities.  The installation or construction of any facilities which are appurtenant to any of the foregoing or which are necessary or convenient for the maintenance or servicing thereof, including, but not limited to, grading, clearing, removal of debris, the installation or construction of curbs, gutters, walls, sidewalks, or paving, or water, irrigation, drainage, or electrical facilities.  The maintenance or servicing, or both, of any of the foregoing. 68 CLICK HERE to Return to Agenda
2022/2023 City Of La Quinta L&L 89-1 Page 3 of 15
 The acquisition of any existing improvement otherwise authorized pursuant to this section.

Incidental expenses associated with the improvements including, but not limited to:
 The cost of preparation of the Report, including plans, specifications, estimates, diagram, and assessment;
 The costs of printing, advertising, and the publishing, posting and mailing of notices;
 Compensation payable to the Riverside County (the “County”) for collection of assessments;
 Compensation of any engineer or attorney employed to render services;  Any other expenses incidental to the construction, installation, or maintenance and servicing of the improvements;
 Any expenses incidental to the issuance of bonds or notes pursuant to Section 22662.5.
 Costs associated with any elections held for the approval of a new or increased assessment.

The 1972 Act defines "Maintain" or "maintenance" to mean furnishing of services and materials for the ordinary and usual maintenance, operation, and servicing of any improvement, including:
 Repair, removal, or replacement of all or any part of any improvement.  Providing for the life, growth, health, and beauty of landscaping, including cultivation, irrigation, trimming, spraying, fertilizing, or treating for disease or injury.
 The removal of trimmings, rubbish, debris, and other solid waste.  The cleaning, sandblasting, and painting of walls and other improvements to remove or cover graffiti.
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2022/2023 City Of La Quinta L&L 89-1 Page 4 of 15
C. IMPROVEMENTS WITHIN THE DISTRICT
The District improvements are the operation, servicing and maintenance of landscaping, lighting and appurtenant facilities, including, but not limited to, personnel, electrical energy, water, materials, contracting services, and other items necessary for the satisfactory operation of these services described as follows:
 Landscaping and Appurtenant Facilities include, but are not limited to, landscaping, planting, shrubbery, trees, irrigation systems, hardscapes, fixtures, sidewalk maintenance and appurtenant facilities, located within the public street rights-of-way, medians, trails, and dedicated street, drainage or sidewalk easements within the boundary of the District.  Lighting and Appurtenant Facilities include, but are not limited to, poles, fixtures, bulbs, conduits, equipment including guys, anchors, posts and pedestals, metering devices, controllers and appurtenant facilities as required to provide safety lighting and traffic signals within public street rights-of-way and easements within the boundaries of the District.  Maintenance is defined as the furnishing of services and materials for the operation and usual maintenance, operation and servicing of the landscaping, public lighting facilities and appurtenant facilities, including repair, removal or replacement of landscaping, public lighting facilities, or appurtenant facilities; providing for the life, growth, health and beauty of the landscaping, including cultivation, irrigation, trimming, spraying, fertilizing and treating for disease or injury; and the removal of trimmings, rubbish, debris and other solid waste.
 Servicing is defined as the furnishing of water for the irrigation of the landscaping and the furnishing of electric current or energy, gas or other illuminating agent for the public lighting facilities, or for the lighting or operation of landscaping or appurtenant facilities.

The plans and specifications for the improvements are on file in the office of the City Engineer and are by reference made a part of this Report. 70 CLICK HERE to Return to Agenda
2022/2023 City Of La Quinta L&L 89-1 Page 5 of 15
III. METHOD OF APPORTIONMENT
A. GENERAL
The 1972 Act permits the establishment of assessment districts by agencies for the purpose of providing certain public improvements that include the construction, maintenance and servicing of public lights, landscaping and appurtenant facilities.

The 1972 Act further requires that the cost of these improvements be levied according to benefit rather than assessed value:
“The net amount to be assessed upon lands within an
assessment district may be apportioned by any formula or method which fairly distributes the net amount among all assessable lots or parcels in proportion to the estimated benefits to be received by each such lot or parcel from the improvements.”
The formula used for calculating assessments in this District therefore reflects the composition of the parcels, and the improvements and services provided, to apportion the costs based on benefit to each parcel.

B. BENEFIT ANALYSIS
Properties within the District boundary are found to derive a special benefit from the improvements provided by the District. These properties include single family residential, non-residential, vacant residential and non-residential, golf courses, agricultural and hillside conservation properties, vacant and remote non-residential and rural and estate residential properties.

Special Benefits
The method of apportionment (method of assessment) is based on the premise that each assessed parcel receives special benefit from the improvements maintained and funded by the assessments, specifically, landscaping and lighting improvements installed in connection with the development of these parcels. The desirability of properties within the District is enhanced by the presence of wellmaintained landscaping and lighting improvements in close proximity to those properties.

The annual assessments outlined in this Report are based on the estimated costs to provide necessary services, operation, administration, and maintenance required to ensure the satisfactory condition and quality of each improvement.

The special benefits associated with the landscaping improvements are specifically:
 Enhanced desirability of properties through association with the 71 CLICK HERE to Return to Agenda
2022/2023 City Of La Quinta L&L 89-1 Page 6 of 15
improvements.
 Improved aesthetic appeal of properties within the District providing a positive representation of the area.
 Enhanced adaptation of the urban environment within the natural environment from adequate green space and landscaping.
 Environmental enhancement through improved erosion resistance, and dust and debris control.
 Increased sense of pride in ownership of property within the District resulting from well-maintained improvements associated with the properties.
 Reduced criminal activity and property-related crimes (especially vandalism) against properties in the District through well-maintained surroundings and amenities.
 Enhanced environmental quality of the parcels by moderating temperatures, providing oxygenation and attenuating noise.

The special benefits of street lighting are the convenience, safety, and security of property, improvements, and goods, specifically:
 Enhanced deterrence of crime – an aid to police protection.  Increased nighttime safety on roads and highways.
 Improved visibility of pedestrians and motorists.
 Improved ingress and egress to and from property.
 Reduced vandalism, damage to improvements or property, and other criminal acts.
 Improved traffic circulation and reduced nighttime accidents and personal property loss.
 Increased promotion of business during nighttime hours in the case of commercial properties.

The preceding special benefits contribute to a specific enhancement and desirability of each of the assessed parcels within the District.

C. METHODOLOGY
Pursuant to the 1972 Act, the costs of the District may be apportioned by any formula or method that distributes the net amount to be assessed among the assessable parcels in proportion to the estimated special benefits to be received by each such parcel from the improvements. The special benefit formula used within the District should reflect the composition of the parcels - and the 72 CLICK HERE to Return to Agenda
2022/2023 City Of La Quinta L&L 89-1 Page 7 of 15
improvements and services provided therein - to apportion the costs based on estimated special benefit to each parcel.

The cost to provide maintenance and service of the improvements within the District shall be equitably distributed among each assessable parcel based on the estimated special benefit received by each parcel.

Equivalent Benefit Units
To equitably spread special benefit to each parcel, it is necessary to establish a relationship between the various types of properties within the District and the improvements that benefit those properties. Each parcel within the District is assigned an Equivalent Benefit Unit (“EBU”) factor that reflects its land use, size and development, or development potential. Parcels that receive special benefit from the various District improvements are proportionately assessed for the cost of those improvements based on their calculated EBU. The EBU method assessment for this District uses the Single-Family Residential parcel as the basic unit of assessment. A Single Family Residential (“SFR”) parcel equals one EBU.

Every other land-use is assigned an EBU factor based on an assessment formula that equates the property’s specific land-use and relative special benefits compared to the Single-Family Residential parcel.

The EBU method of apportioning special benefits is typically seen as the most appropriate and equitable assessment methodology for districts formed under the 1972 Act, as the benefits to each parcel from the improvements are apportioned as a function of land use type, size, and development. The following table provides a listing of land use types, the EBU factors applied to that land use and the multiplying factor used to calculate each parcel’s individual EBU for each improvement provided in the District.

During the formation of the District, a methodology was developed to calculate the EBUs for other residential and non-residential land use parcels, which are outlined below for reference. Every land use is assigned EBUs based on the assessment formula approved for the District. Parcels which have been determined to receive greater benefit than the SFR parcel are assigned more than 1 EBU and parcels that are determined to receive lesser benefit than SFR parcels are assigned less than 1 EBU as reflected in the Assessment Methodology.
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Single-Family Residential
The City’s General Plan allows up to one acre of area for subdivided residential lots. The subdivided single-family lot equal to or less than one acre in size is the basic unit for calculation of the benefit assessments. Parcels less than one acre in size zoned for single-family residential use are assessed one (1) EBU.

Multi-Family Residential
Multi-Family Residential parcels are assessed one-half (0.5) EBU per unit.

Non-Residential
The factor used for converting nonresidential is based on the average number of typical single-family residential lots of five per acre. Therefore, non-residential parcels will be assessed five (5) EBUs per acre with a minimum number per parcel of one (1) EBU.

Vacant Residential
Parcels defined as single family residential parcels less than one acre and having no structure will be assessed 33 percent (33%) of a single-family dwelling, or 0.33 EBU per parcel.

Vacant Non-Residential
Parcels not considered single family residential parcels less than one acre and having no structure will be assessed based on acreage. The typical development in La Quinta occurs in increments of twenty (20) acres or less. The first twenty (20) acres of a Vacant Non-Residential parcel will be assessed at a rate of 33 percent (33%) of developed nonresidential properties, or 1.65 EBU per acre or any portion of an acre. The minimum number of EBUs per parcel is one (1) EBU. Any parcel of land greater than twenty (20) acres is considered open space and exempt from assessment until such time as parcel subdivision or development occurs.

Land Use EBU Factor
Exempt Parcels 0.0
Single Family Residential Parcels 1.0 per unit
Multi-Family Residential Parcels 0.5 per unit
Non-Residential Parcels 5.0 per acre; 1.0 minimum
Vacant Residential Parcels 0.33 per unit
Vacant Non-Residential Parcels 1.65 per acre for first 20 acres only Golf Course Parcels 0.50 per acre; 1.0 minimum
Agricultural Parcels 0.25 per acre; 1.0 minimum
Hillside Conservative Zone Parcels 0.10 per acre
Vacant & Remote Parcels 0.825 per acre for first 20 acres only Rural/Estate Residential 1.0 + 0.33 per acre in excess 1 acre 74 CLICK HERE to Return to Agenda
2022/2023 City Of La Quinta L&L 89-1 Page 9 of 15
Golf Courses
Properties identified as golf courses will be assessed a rate of 10 percent (10%) of the developed nonresidential properties, or 0.50 EBU per acre or any portion of an acre. The minimum number per parcel is one (1) EBU.

Agricultural
Properties identified as agricultural will be assessed a rate of 5 percent (5%) of developed nonresidential properties, or 0.25 EBU per acre or any portion of an acre. The minimum number per parcel is one (1) EBU.

Hillside Conservation
Parcels located in areas zoned Hillside Conservation per the City’s Official Zoning Map will be assessed on the basis of allowable development within the Hillside Conservation Zone. The parcel will be assessed as one dwelling unit per ten (10) acres or 0.10 EBU per acre or any portion of an acre.

Vacant and Remote Non-Residential Parcels (LAFCO Annexation No. 9) Parcels not considered single family residential parcels less than one (1) acre and do not contain structures, will be assessed based on acreage. The City defines Vacant and Remote Non-Residential as parcels physically separated from City services and not readily able to develop due to difficult access and utility limitations. The land values are typically one half the value of other Vacant NonResidential parcels because of the high cost of constructing appropriate access and utility infrastructures necessary. The Vacant and Remote Non-Residential parcels are assessed a rate of 0.825 EBUs per acre or portion thereof, for the first twenty (20) acres, with a minimum of one (1) EBU per parcel.

Rural/Estate Residential
Parcels of one acre or more in size, but having only one residential unit are identified as Rural/Estate Residential. These parcels will be assessed a rate of one (1) EBU for the first acre and 0.33 EBUs for each additional acre or portion of an acre.

Exempt Property
Publicly owned property and utility rights-of-way are exempt from assessment, as well as parcels of land shown on the County Assessor's records as Vacant Desert Land, Vacant Mountain Land, Agricultural Preserve and Public Utility owned land.

This Report does not propose an increase in the District’s assessment rates for Fiscal Year 2022/2023 over or above the maximum rate established. The proposed rate per EBU for Fiscal Year 2022/2023 is the same rate assessed for Fiscal Year 2021/2022. The base assessment rate to be approved for Fiscal Year 2022/2023 is $35.60.

The maximum assessment rate per EBU may not increase without a vote of the property owners in the District. Therefore, the assessment is proposed to remain at the maximum amount of $35.60 per EBU. This equates to total projected assessment revenue of $982,336. 75 CLICK HERE to Return to Agenda
2022/2023 City Of La Quinta L&L 89-1 Page 10 of 15
The City proposes the remaining $4,189,114 be funded through a General Fund contribution of $4,039,114 and $150,000 of revenue from CSA 152.

IV. DISTRICT BUDGETS
A. DESCRIPTION OF BUDGET ITEMS
The 1972 Act requires that a special fund be established and maintained for the revenues and expenditures of the District. Funds raised by assessment shall be used only for the purposes as stated herein. A contribution to the District by the City may be made to reduce assessments, as the City Council deems appropriate.

The following describes the services and costs that are funded through the District, shown in the District Budgets.

District Costs
Personnel – Reflects relevant City Staff salaries, wages and benefits, and also includes Worker’s Compensation Insurance, Stand-By, and Overtime Labor.

Contract Services – Includes contracted labor, such as the County Tax Roll Administration Fees, maintenance and repair of traffic signals, tree trimming, and security service.

Rental Services – Reflects funds used for the purpose of uniform rental.

Vehicle Operations – Includes the maintenance of fleet vehicles.

Utilities – Includes the electric, telephone, and water services.

Travel Training & Meetings – Reflects the funds used for the purposes of training and meetings.

Information Technology – Includes computers, printers, and other related items and services.

Operating Supplies – This item includes plant replacement, safety gear, field materials, and the materials used for the purposes of removing graffiti.

Small Tools/Equipment – Includes non-capital small tools and equipment.

District Administration – The cost for providing the coordination of District services and operations, response to public concerns and education, as well as procedures associated with the levy and collection of assessments. This item also includes the costs of contracting with professionals to provide any additional administrative, legal or engineering services specific to the District including any required notices, mailings or property owner protest ballot proceedings.
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2022/2023 City Of La Quinta L&L 89-1 Page 11 of 15
B. 2022/2023 DISTRICT BUDGET
For the purpose of estimating costs for the maintenance and servicing, actual costs are used where possible. However, where the improvements are new, or where actual maintenance experience is lacking, cost estimates will be used to determine costs. The Budget of estimated cost of operation, servicing, and maintenance for Fiscal Year 2022/2023 is summarized on the next page in Table 1. 77 CLICK HERE to Return to Agenda
2022/2023 City Of La Quinta L&L 89-1 Page 12 of 15
Table 1
Category Description
Estimated
Expenditures Funding
Fiscal Year
2022/2023
L & L
Assessments
General Fund–
Parks
Personnel
Salaries-Permanent Full Time $466,600 $194,000 $272,600 Other Benefits & Deductions 199,900 88,800 111,100
Stand By 0 0 0
Stand By Overtime 0 0 0
Overtime 0 0 0
Total Personnel $666,500 $282,800 $383,700
Contract Services
Annual Lighting & Landscape
Report $0 $0 $0
Civic Center Campus Lake
Maintenance 17,400 0 17,400
Lighting Contract Services 72,800 72,800 0
Financial Services Admin. Fee 0 0 0
Citywide Maintenance Contract 1,568,600 911,400 657,200 Undeveloped Parks PM10 Services 0 0 0
Maintenance & Repair 422,300 100,000 322,300
CVWD Lease-Pioneer Dog Park 0 0 0
Tree Trimming 18,000 8,000 10,000
Janitorial Services 0 0 0
Security Service - Corporation Yard 0 0 0
Fritz Burns Park 65,550 0 65,550
Lighting Service 1,000 0 1,000
SilverRock Way Landscaping 82,400 65,000 17,400
Total Contract Services $2,248,050 $1,157,200 $1,090,850 Rental Services Uniforms $4,000 $1,000 $3,000
Total Rental Services $4,000 $1,000 $3,000
Park Equipment
Vehicle Operations
Facilities Charges $0 $0 $0
Fleet Maintenance 102,200 34,100 68,100
Facility & Equipment Depreciation 350,000 0 350,000
Total Operations $452,200 $34,100 $418,100
Utilities Gas $15,000 $0 $15,000
Electric 326,900 110,000 216,900
Phone 1,000 0 1,000
Water 447,600 200,000 247,600
Total Utilities $790,500 $310,000 $480,500
Travel Training &
Meetings
$5,500 $500 $5,000
Total Travel Training & Meetings $5,500 $500 $5,000
Information
Technology
Computers Printers and Services $124,000 $57,200 $66,800 Total Information Technology $124,000 $57,200 $66,800
Operating Supplies
Plant Replacement $810,000 $500,000 $310,000
Graffiti Removal 25,000 10,000 15,000
Safety Gear 3,200 2,000 1,200
Field Materials 20,000 15,000 5,000
Total Operating Supplies $858,200 $527,000 $331,200
Small Tools /
Equipment
Non-Capital $4,500 $2,500 $2,000
Total Small Tools/Equipment $4,500 $2,500 $2,000
Total Landscape & Lighting Budget $5,153,450 $2,372,300 $2,781,150 District
Administration
Public Works Administration $0 $0 $0
Citywide Administration 18,000 18,000 0
Total District Administration $18,000 $18,000 $0
Total Landscape & Lighting Expenditures $5,171,450 $2,390,300 $2,781,150 Less CSA 152 Revenue ($150,000) ($150,000) $0
Less General Fund Contribution (4,039,114) (1,257,964) (2,781,150) Balance to Levy $982,336 $982,336
Total EBU 27,594.24
Levy Per EBU $35.60
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2022/2023 City Of La Quinta L&L 89-1 Page 13 of 15
Fiscal Year 2022/2023 Budget
The following information was obtained from the Riverside County Assessor's Secured Roll, Assessor's Parcel Maps, and the City’s Planning Department. The land use categories were developed to classify the different land use types in the City.

Table 2
(1) The difference in the “Balance to Levy” amount in Table 1 and the total FY 2022/2023 Levy amount in Table 2 is a rounding difference due to the County even penny requirement for each charged parcel.

Actuals will be based on the final County Secured Roll for Fiscal Year 2022/2023.

Differences are generally due to changes in County Land Use Classifications or Assessor’s Parcel Number changes.

Land Use
FY
2022/2023
Parcel
Count
County
Acres
Prior Year
EBU
Prior Year
Levy
FY 2022/2023
EBU
FY
2022/2023
Levy (1)
Agricultural 17 371.44 93.22 $3,318.60 93.22 $3,318.60
Exempt 50 115.86 0.00 0.00 0.00 0.00
Golf Course 284 3,491.70 1,802.98 64,184.60 1,802.98 64,184.60 Hillside
Conservation 12 319.23 31.92 1,136.34 31.92 1,136.34
Multi-Family
Residential 34 94.93 635.00 22,606.00 635.00 22,606.00
Non-Residential 272 569.89 2,871.10 102,211.16 2,871.10 102,211.16 Rural/ Estate 51 106.18 86.04 3,062.58 86.04 3,062.58
Vacant/ Remote 15 146.20 120.62 4,293.80 120.62 4,293.80 Single Family
Residential 20,777 3,781.38 20,777.00 739,661.20 20,777.00 739,661.20 Vacant
Residential 1,862 1,021.21 617.10 21,953.86 617.10 21,953.86 Vacant NonResidential 198 556.01 559.25 19,907.58 559.25 19,907.58 Total 23,572 10,458.17 27,594.24 $982,335.72 27,594.24 $982,335.72 79 CLICK HERE to Return to Agenda
2022/2023 City Of La Quinta L&L 89-1 Page 14 of 15
APPENDIX A – DISTRICT ASSESSMENT DIAGRAM
The Boundary Diagrams for the original districts have previously been submitted to the Clerk of the City in the format required under the 1972 Act and are made part of this Report by reference.

The parcel identification, lines and dimensions of each parcel within the District are those lines and dimensions shown on the Assessor’s Maps of Riverside County for the year in which this Report was prepared and is incorporated by reference and made part of this Report.

The attached Landscape Maintenance Map displays the landscape maintenance areas within the City.
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2022/2023 City Of La Quinta L&L 89-1 Page 15 of 15
APPENDIX B – 2022/2023 COLLECTION ROLL
Parcel identification, for each lot or parcel within the District, shall be the parcel as shown on the Riverside County Assessor’s Parcel Maps and/or the Riverside County Secured Tax Roll for the year in which this Report is prepared.

Non-assessable lots or parcels may include government owned land, public utility owned property, land principally encumbered with public right-of-ways or easements and dedicated common areas. These parcels will not be assessed.

A listing of parcels within the District, along with the proposed assessment amounts, has been submitted to the City Clerk and, by reference, is made part of this Report.

Upon approval of the Report and confirmation of the assessments, the assessment information will be submitted to the County Auditor/Controller and included on the property tax roll in Fiscal Year 2022/2023. If the parcels or APNs within the District and referenced in this Report, are re-numbered, re-apportioned or changed by the County Assessor’s Office after approval of the Report, the new parcel or APNs with the appropriate assessment amount will be submitted to the County Auditor/Controller. If the parcel change made by the County includes a parcel split, parcel merger or tax status change, the assessment amount submitted on the new parcels or APNs will be based on the method of apportionment and levy amount approved in this Report by the City Council. 82 CLICK HERE to Return to Agenda
RESOLUTION NO. 2022 – XXX

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF LA QUINTA, CALIFORNIA, DECLARING

ITS INTENTION TO LEVY THE ANNUAL

ASSESSMENTS FOR CONSTRUCTION,

MAINTENANCE, AND SERVICING LANDSCAPING

AND LIGHTING IMPROVEMENTS WITHIN THE

BOUNDARIES OF THE TERRITORY INCLUDED IN

THE CITYWIDE LANDSCAPE AND LIGHTING
ASSESSMENT DISTRICT 89-1 AND TO LEVY AND

COLLECT ASSESSMENTS PURSUANT TO THE
LANDSCAPE AND LIGHTING ACT OF 1972 AND

GIVING NOTICE THEREOF
WHEREAS, the City Council, by its Resolution No. 89-9, initiated proceedings pursuant to provisions of the Landscape and Lighting Act of 1972, being Part 2 of Division 15 of the California Streets and Highways Code, commencing with Section 22500 (hereinafter referred to as “the Act”), for the formation of a Landscape and Lighting Assessment District designated “La Quinta Landscape and Lighting Assessment District 89-1,” shall include all of the territory located within the boundaries of the City; and WHEREAS, the City Council desires to levy and collect assessments within Landscape and Lighting Assessment District 89-1 for the Fiscal Year commencing July 1, 2022 and ending June 30, 2023 to pay the costs and expenses of constructing, operating, maintaining, and servicing landscaping, lighting and associated facilities located within public places in the City; and WHEREAS, the Engineer selected by the City Council has prepared and filed a report in connection with the Landscape and Lighting Assessment District 89-1 with the City Clerk of the City of La Quinta; and WHEREAS, the report has presented to the City Council and the City Council did, by previous Resolution, approve such report.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows:

SECTION 1. The City Council has previously formed Landscape and Lighting Assessment District 89-1 pursuant to the provisions of the Landscaping and Lighting Act of 1972, being Part 2 of Division 15 of the California Streets and Highways Code, commencing with Section 22500.
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Resolution No. 2022 – XXX
Intent to Levy L&L District 89-1
Adopted: June 7, 2022

Page 2 of 4 ends

SECTION 2. The City Council hereby finds that the maintenance and operation of projects identified in the Preliminary Engineer’s Report for Landscape and Lighting Assessment District 89-1 consisting solely of exempt items of sidewalks, streets, sewers, water, flood control, and/or drainage pursuant to Article 13D Section 5(a) of the California Constitution, that the public interest requires the maintenance of the improvements, and declares its intention to levy and collect assessments for the fiscal year commencing July 1, 2022 and ending June 30, 2023 to pay for the costs and expenses of the improvements described in Section 4 hereof.

SECTION 3. The territory included within the boundaries of the Assessment District includes all of the land included within the boundaries of the City.

SECTION 4. Reference is hereby made to the report of the Engineer on file with the City Clerk of the City of La Quinta for a full and fair description of the improvements, the boundaries of the Assessment District and any zones therein and the proposed assessments upon assessable lots and parcels of land within the Assessment District.

SECTION 5. Notice is hereby given that June 21, 2022 at 5:00 p.m. at the City Council Chambers, 78-495 Calle Tampico, La Quinta, California, 92253, is the time and place fixed for a Public Meeting by the City Council to allow public testimony regarding the assessment.

SECTION 6. Notice is hereby given that June 21, 2022, at 5:00 p.m. at the City Council Chambers, 78-495 Calle Tampico, La Quinta, California, 92253, is the time and place fixed for a Public Hearing by the City Council on the question of the levy of the proposed assessment for Landscape and Lighting Assessment District 89-1. Any interested person may file a written protest with the City Clerk prior to the conclusion of the hearing, or, withdrawal of the protest. A written protest shall state all grounds of objections and a protest by a property owner shall contain a description sufficient to identify the property owned by such property owner. At the hearing, all interested persons shall be afforded the opportunity to hear and be heard.

SECTION 7. The City Clerk is hereby authorized and directed to give notice of such hearings as provided in the Act.

SECTION 8. The City Council hereby designates The Desert Sun as the newspaper in which notice of the Public Hearing shall be published. 84 CLICK HERE to Return to Agenda
Resolution No. 2022 – XXX
Intent to Levy L&L District 89-1
Adopted: June 7, 2022

Page 3 of 4 ends

SECTION 9. The City Council authorizes and directs the City Clerk to (i) submit certified copies of this resolution to the County of Riverside and (ii) take such other and further actions as may be necessary and proper for the County Assessor to place this assessment on the tax roll.

SECTION 10. This Resolution shall go into effect upon adoption. 85 CLICK HERE to Return to Agenda
Resolution No. 2022 – XXX
Intent to Levy L&L District 89-1
Adopted: June 7, 2022

Page 4 of 4 ends

PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 7
th day of June 2022, by the following
vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
____________________________
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
_________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
___________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
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ATTACHMENT 1

ANNUAL ACTIVITIES

LANDSCAPE AND LIGHTING ASSESSMENT DISTRICT
Adopt the following Resolutions:

1. Approve Preliminary Engineer’s Report (June 7, 2022).

2. Intention to levy annual assessment and notice of Public Meeting/Hearing (June 21, 2022).

3. Conduct a Public Meeting to allow testimony regarding the proposed assessments prior to Public Hearing (June 21, 2022).

4. Conduct a Public Hearing to allow written protests of the proposed assessment to be considered by the City Council prior to adoption of the final assessments (June 21, 2022).
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City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: ADOPT RESOLUTION TO REQUEST COUNTY OF RIVERSIDE

PLACE COLLECTION COSTS FOR SOLID WASTE HANDLING SERVICES AT

SINGLE-FAMILY DWELLINGS ON TAX ROLLS

RECOMMENDATION
Adopt a Resolution to request the County of Riverside place collection costs for solid waste handling services for single-family dwellings on the Tax Rolls.

EXECUTIVE SUMMARY
• The County Tax Assessor requires Council to annually adopt a resolution requesting that the cost of solid waste collection services be placed on the residential Tax Rolls.
• Included in the residential and commercial recycling rates is the recycling process fee to address the realignment of recycling. • On May 17, 2022, Council approved a revised Amended and Restated Agreement (Agreement) with Burrtec Waste and Recycling Services, LLC (Burrtec) that included property tax roll billing for residential customers.

FISCAL IMPACT - None

BACKGROUND/ANALYSIS
The City contracts with Burrtec for solid waste collection, handling, and street sweeping services. The Agreement stipulates that the cost for single-family dwelling services will be collected on the Tax Rolls. Section 24 of the Agreement states that Burrtec can adjust the rates per the Consumer Price Index and any increases from the Transfer Station.

Single-Family Dwelling 2021 Rate
(existing)
2022 Rate
(approved)
Service Component $11.26/month $12.35/month
Disposal Component $6.40/month $6.40/month
AB 939 Fee $0.10/month $0.10/month
Total Rate $17.76/month
$213.12/year
$18.85/month
$226.20/year
CONSENT CALENDAR ITEM NO. 9
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Additional Residential Services 2021 Rate
(existing)
2022 Rate
(approved)
Additional Refuse Cart $7.93/month
$95.16/year
$8.41/month
$100.92/year
Backyard Service for 3 containers $7.48/month
$89.76/year
$14.96/month
$179.52/year
Backyard Service additional container $7.48/month
$89.76/year
$2.95/month
$34.40/year
PGA 2nd Pick-up Day $14.14/month
$169.68/year
$14.92/month
$179.04/year
Surcharge for Homeowners
Association desiring Monday service
10% of Service
Component
10% of Service
Component
These service costs are not subject to Proposition 218 (which provides that all taxes and most charges are subject to voter approval) because the Council does not set rates but instead establishes a rate ceiling pursuant to its regulatory authority. The Council may adjust the maximum rate ceiling each year.

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Jeremy Griffin, Management Specialist
Approved by: Gilbert Villalpando, Director
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RESOLUTION NO. 2022 - XXX

A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF LA QUINTA, CALIFORNIA, REQUESTING

THE COUNTY OF RIVERSIDE TO PLACE

COLLECTION OF COSTS FOR SOLID WASTE

HANDLING SERVICES AT SINGLE-FAMILY

DWELLINGS ON THE TAX ROLLS
WHEREAS, the La Quinta City Council wishes to ensure the uniform collection of rates for solid waste handling services at single-family dwellings and place collection thereof on the County of Riverside Tax Assessor’s Tax Rolls; and
WHEREAS, the attached “Exhibit A” sets forth the maximum rates that may be collected for solid waste handling services at single-family dwellings in the City of La Quinta pursuant to a franchise agreement with an Effective Date of July 1, 2022, entitled “Revised Amended and Restated Agreement Between the City of La Quinta and Burrtec Waste and Recycling Services, LLC, for Solid Waste Handling Services”; and
WHEREAS, the City of La Quinta has determined that applicable provisions, if any, of Proposition 218 (Articles XIII C and XIII D of the California Constitution) have been satisfied in connection with the matters addressed by the Resolution.

NOW, THEREFORE, BE IT RESOLVED by the City of La Quinta, to adopt as follows:

SECTION 1. The City Council hereby requests the County of Riverside Tax Assessor to place collection of costs for solid waste handling services at singlefamily dwellings in the City on the County’s tax rolls as set forth by “Exhibit A,” attached hereto and incorporated by this reference.

PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 7th day of June 2022, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
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Resolution No. 2022 – xxx
Residential Waste Fee Schedule on Tax Roll Fiscal Year 2022/23 Adopted: June 7, 2022

Page 2 of 2 ends

________________________
LINDA EVANS, Mayor
City of La Quinta, California
ATTEST:
_________________________
MONIKA RADEVA, City Clerk
City of La Quinta, California
APPROVED AS TO FORM:
___________________________
WILLIAM H. IHRKE, City Attorney
City of La Quinta, California
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RESOLUTION NO. 2022-XXX

EXHIBIT A
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CONSENT CALENDAR ITEM NO. 10
City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: AUTHORIZE OVERNIGHT TRAVEL FOR TRAFFIC SIGNAL

TECHNICIAN TO ATTEND THE INTERNATIONAL MUNICIPAL SIGNAL ASSOCIATION TRAINING IN ONTARIO, CALIFORNIA FROM JUNE 27-30, 2022

RECOMMENDATION
Authorize overnight travel for Traffic Signal Technician to attend the International Municipal Signal Association training in Ontario, California, June 27-30, 2022.

EXECUTIVE SUMMARY
• The International Municipal Signal Association (IMSA) training includes classes for Work Zone Temporary Traffic Control and Traffic Signal Inspection Level 1.
• The annual training features sessions covering the temporary traffic control safety and traffic signal inspection training required to earn a Level 1 Traffic Signal Inspection certification.

FISCAL IMPACT
Estimated expenses are $1,365, which includes registration, travel, lodging, and meals. Funds are budgeted in Public Works - Travel and Training (101- 7006-60320).

BACKGROUND/ANALYSIS
IMSA is an international organization dedicated to providing quality certification programs for the safe installation, operation, and maintenance of public safety systems. IMSA Work Zone safety teaches the procedures to enhance the safety for motorists and workers in the work areas. The Traffic Signal Inspection Level 1 course provides instruction on the principals of operation and primary electrical details of cabinet wiring, components, equipment, methods, and materials of signal system construction.

This training is required to earn the Traffic Signal Technician Level 1 Certification. This overnight travel would allow the Traffic Signal Technician to network with other traffic technicians and allow for course study time. 95 CLICK HERE to Return to Agenda

ALTERNATIVES
Council may elect not to authorize this request.

Prepared by: Carley Escarrega, Management Assistant
Approved by: Bryan McKinney, Public Works Director/City Engineer 96 CLICK HERE to Return to Agenda
City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: APPROPRIATE FUNDING IN FISCAL YEAR 2021/22 TO UPFIT 10

CITY OWNED VEHICLES

RECOMMENDATION
Appropriate funding of $60,000 in fiscal year 2021/22 to upfit 10 City-owned vehicles.

EXECUTIVE SUMMARY
• The City owns 10 vehicles currently in need of upfitting to provide the necessary service to the community.
• The upfitting required includes adding safety lights, specialty tools, custom fabrication, and City decals.
• Multiple local vendors will be utilized such as Mike’s Auto Electric, PlanIT, Lowe’s, Home Depot, and AutoZone.

FISCAL IMPACT
Staff requests funding appropriation from the General Fund in the amount of $60,000 to complete the necessary upfits. If approved, funds would be allocated to the Parts, Maintenance Supplies, and Upfits Account No. 501-0000-60675 for disbursement.

BACKGROUND/ANALYSIS
City vehicles require upfitting or augmentations to customize them to the worker's needs. There are currently 10 vehicles in need of upfitting to provide services to the community. The upfits include adding safety lights, specialty tools, custom fabrication and City decals to the vehicles. The vehicle upfits will be completed by various local vendors including Mike’s Auto Electric, PlanIT, Lowe’s, Home Depot, and AutoZone.

ALTERNATIVES – Staff does not recommend an alternative action.

Prepared by: Tony Ulloa, Public Works Deputy Director
Approved by: Bryan McKinney, Public Works Director/City Engineer CONSENT CALENDAR ITEM NO. 11
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City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: APPROVE AMENDMENT NO. 2 TO AGREEMENT FOR
CONTRACT SERVICES WITH GOVOS, INC. (FORMER MUNIREVS INC., DBA

LODGINGREVS) FOR SHORT-TERM VACATION RENTAL PROGRAM SERVICES, TO INCREASE COMPENSATION FOR FISCAL YEAR 2021/22, AND TO EXTEND THE TERM THROUGH FISCAL YEAR 2023/24

RECOMMENDATION
Approve Amendment No. 2 to Agreement for Contract Services with GovOS, Inc. (former MUNIRevs, Inc., dba LODGINGRevs) for short-term vacation rental program services, to increase the compensation for fiscal year 2021/22 with $5,000 for a total not to exceed amount of $54,440, and to extend the term with two additional years through fiscal year 2023/24; and authorize the City Manager to execute the Amendment.

EXECUTIVE SUMMARY
 In October 2019, the City entered into an Agreement for Contract Services (Agreement) with MUNIRevs, Inc., dba LODGINGRevs to provide online services for permitting and transient occupancy tax (TOT) collection for the short-term vacation rental (STVR) program, following a request for proposals (RFP).
 In January 2022, the City was notified that MUNIRevs, Inc., DBA LODGINGRevs merged with GovOS, Inc. under Certificate of Ownership and Merger.
 Amendment No. 2 (Attachment 1) proposes to: (1) reflect the change of Contracting Party under the Agreement per the merger; (2) increase fiscal year (FY) 2021/22 compensation by $5,000 for the implementation of additional TOT forms; and (3) extend the Term of the Agreement with two additional years through FY 2023/24.

FISCAL IMPACT
Funds in the amount of $49,440 for the Agreement are budgeted in FY 2021/22 budget (Account No. 101-6001-60103). If approved, Amendment No. 2 will:

CONSENT CALENDAR ITEM NO. 12
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(1) Increase the total compensation for FY 2021/22 by $5,000, for a total not to exceed amount of $54,440; funds are available in the Clerk’s Office Professional Services Account No. 101-1005-60103; and (2) Extend the Term of the Agreement with two additional years for FY 2022/23 and 2023/24 without change in compensation from the original Agreement, set at not to exceed amount of $49,440 per fiscal year; funds will be budgeted accordingly in future City budgets.

BACKGROUND/ANALYSIS
The STVR Program was established in October 2012 and was initially processed manually over the counter via the submittal of paper applications, and TOT payments via cash or checks only.

In 2019, following a RFP, the City entered into an Agreement with MUNIRevs, Inc., DBA LODGINGRevs to provide STVR program services by implementing an online portal to apply for permits, make payments, renew permits annually, remit TOT, complaint hotline, and compliance monitoring; the Agreement expires June 30, 2022. The online STVR system was implement in March 2020.

In July 2021, due to the adoption of code amendments, the City executed Amendment No. 1 to: (1) implement software enhancements for new permit types and related fees for an additional compensation of $11,925 for FY 2020/21; (2) remove the complaint hotline services and related FY costs of $3,600 from the Scope of Work effective FY 2021/22 for the remainder of the Agreement; and (3) add a contingency of $3,600 to the Scope of Work for additional software customizations and enhancements as needed for FY 2021/22 through 2023/24, for a combined total compensation under the Agreement not to exceed $49,440 per fiscal year.

Recent updates to the STVR program over the last year have required implementation of enhancements to the STVR program online permitting software, including adding the 1% Greater Palm Springs Tourism Business Improvement District (TBID) assessment on gross rental revenue for bookings of 27 nights/28 days or less. This required the addition of validations to the existing TOT form and to create a new TOT form that does not calculate the 1% TBID assessment for bookings greater than 27 nights/28 days through 29 nights/30 days. The additional services for the required enhancements to the online permitting software exceeded the $49,440 budgeted for FY 2021/22 by approximately $5,000.
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In January 2022, the City was notified that MUNIRevs, Inc., DBA LODGINGRevs merged with GovOS, Inc. under Certificate of Ownership and Merger.

Staff seeks approval of the proposed Amendment No. 2 to the Agreement to:
(1) reflect the change of Contracting Party under the Agreement per the merger; 2) increase FY 2021/22 compensation by $5,000 for the implementation of additional TOT forms; and extend the Term of the Agreement with two additional years through fiscal year (FY) 2023/24 without any change in the previously approved Compensation not to exceed $49,440 per fiscal year.

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Lori Lorett, Permit Technician
Approved by: Monika Radeva, City Clerk
Attachment: 1. Amendment No. 2 to Agreement for Contract Services with GovOS, Inc.

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AMENDMENT NO. 2
TO AGREEMENT FOR CONTRACT SERVICES WITH GOVOS, INC.
(former MUNIREVS, INC., DBA LODGINGREVS, INC.)
This Amendment No. 2 (“Amendment 2”) to Agreement for
Contract Services ("Agreement”) is made and entered into as of the 1st day of May, 2022, ("Effective Date") by and between the CITY OF LA QUINTA ("City"), a California municipal corporation and GovOS, Inc. (former MUNIRevs, Inc., DBA LODGINGRevs (“Contracting Party”).

RECITALS
WHEREAS, on or about October 16, 2019, the City and MUNIRevs, Inc., DBA LODGINGSRevs entered into an Agreement to provide ShortTerm Vacation Rental Program services related to permitting, monitoring compliance, and tax collection, for a total not to exceed amount of $49,440 per fiscal year. The term of the Agreement expires on June 30, 2022 (“Initial Term”); and
WHEREAS, on or about July 20, 2021, the City and MUNIRevs, Inc.

DBA LODGIGRevs executed Amendment No. 1 and mutually agreed to:
1) remove the Complaint Hotline services and related cost of $3,600 from Section 1.1 Scope of Work effective fiscal year 2021/22 for the remainder of the Agreement Term; 2) for MUNIRevs, Inc. DBA LODGIGRevs to implement certain software enhancements, at the request of the City, at an additional cost of $11,925 for fiscal year 2020/21; and 3) add a contingency to Section 1.1 Scope of Work for additional software customizations and enhancements, as needed at the request of the City, for fiscal years 2021/22 through 2023/24, for a combined total not to exceed amount of $3,600 per fiscal year; and WHEREAS, the City was notified MUNIRevs, Inc., DBA
LODGINGSRevs merged with GovOS, Inc. and into Contracting Party on January 1, 2022 under Certificate of Ownership and Merger, and all rights and responsibilities under the Agreement previously held by MUNIRevs, Inc., DBA LODGINGRevs have been assumed by Contracting Party; and
WHEREAS, the City and Contracting Party mutually agree to implement enhancements in fiscal year 2021/22 to add validations to the existing transient occupancy (TOT) form, and to create a new TOT form that does not calculate the additional 1% Greater Palm Springs Tourism Business Improvement District (“TBID”) assessment for bookings of 27 nights/28 days through 29 nights/30 days, imposed by the Visit Greater Palm Springs, a joint powers authority operating under the Joint Exercise ATTACHMENT 1103 CLICK HERE to Return to Agenda
of Power Act (California government Code section 6500 et seq.), for a total not to exceed amount of Five Thousand Dollars ($5,000).

WHEREAS, in accordance with Section 3.4 Term of the Agreement, the City and Contracting Party mutually agree to extend the term of the Agreement for an additional two-year term from July 1, 2022, through June 30, 2024 (“Extended Term”); and
WHEREAS, Section 2.1 Contract Sum of the Agreement remains unchanged, for a total not to exceed amount of $49,440 per fiscal year for the Extended Term.

NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties agree as follows:

AMENDMENT
In consideration of the foregoing Recitals and the covenants and promises hereinafter contained, and for good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows:

1. Contracting Party hereby assumes all rights and obligations under the Agreement and previously held by MUNIRevs, Inc., DBA LODGINGSRevs.

In accordance with and for the purposes of the terms of the Agreement, the City hereby consents to this assignment resulting from the merger of MUNIRevs, Inc., DBA LODGINGSRevs with GovOS, Inc. and into Contracting Party. All references to MUNIRevs in the Agreement are hereby amended to “Contracting Party” and refer to GovOS, Inc.

2. Section 1.1 Scope of Work is amended to include the following:

Contracting Party shall implement enhancements in fiscal year 2021/22 to add validations to the existing TOT form, and to create a new TOT form that does not calculate the additional 1% TBID assessment for bookings of 27 nights/28 days through 29 nights/30 days, imposed by the Visit Greater Palm Springs.

3. Section 2.1 Contract Sum is amended to include an additional compensation to be paid by City to Contracting Party in fiscal year 2021/22, of not to exceed Five Thousand Dollars ($5,000) for the above stated enhancements to the TOT forms, for a total not to exceed compensation of $54,440 for fiscal year 2021/22.

4. Exhibit B Schedule of Compensation is amended as listed in the enclosed Exhibit B, attached hereto and incorporated by this reference. 104 CLICK HERE to Return to Agenda
In all other respects, the original Agreement shall remain in effect.

IN WITNESS WHEREOF, the City and Consultant have executed this Amendment No.4 to the Agreement on the respective dates set forth below.

CITY OF LA QUINTA GOVOS, INC.
a California municipal corporation,
and charter city
JON McMILLEN, City Manager KEVIN LAFEBER, President
Dated: ______________________ Dated: __________________ ATTEST:

MONIKA RADEVA, City Clerk
APPROVED AS TO FORM:

WILLIAM H. IHRKE, City Attorney
105 CLICK HERE to Return to Agenda
Exhibit B
Schedule of Compensation
With the exception of compensation for Additional Services, provide in Section 2.3 of the Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement per fiscal year is as noted below:

Initial Term:

Year 1: Fiscal Year 2019/20Not to exceed $32,960
Year 2: Fiscal Year 2020/21Not to exceed $61,365
Year 3: Fiscal Year 2021/22Not to exceed $54,440
Extended Term:

Year 4: Fiscal Year 2022/23 Not to exceed $49,440
Year 5: Fiscal Year 2023/24 Not to exceed $49,440
The Contract sum shall be paid by City to Contracting Party identified in Contracting Party’s schedule of compensation, included in the Agreement, for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 Method of Billing and Payment of the Agreement. 106 CLICK HERE to Return to Agenda
City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: APPROVE AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT

SERVICES WITH PALMS TO PINES PRINTING, FOR PROMOTIONAL AND PRINTING

SERVICES, TO INCREASE COMPENSATION AND TO EXTEND THE TERM THROUGH FISCAL YEAR 2022/23

RECOMMENDATION
Approve Amendment No. 1 to Agreement for Contract Services with Palms to Pines Printing, for promotional and printing services, to increase compensation to $75,000 per fiscal year; extend the term through fiscal year 2022/23; and authorize the City Manager to execute the Amendment.

EXECUTIVE SUMMARY
• Per the City’s purchasing policy, amounts paid to vendors/contractors over $50,000 require Council approval.
• In 2020, the City obtained three informal bids and contracted with Palms to Pines for promotional and printing services based on cost efficiency. • Amendment No. 1 (Attachment 1) to the Agreement for Contract Services (Agreement) would increase the total amount to $75,000 to accommodate citywide usage of Palms to Pines for separate promotional items, printing needs and proposes to extend the term of the Agreement one additional year through FY 2022/23.

FISCAL IMPACT
Currently, the Agreement for $49,000 is budgeted in FY 2021/22 in the Marketing Account No. 101-3007-60461. If approved, Amendment No. 1 proposes an increase of $26,000, for a total not to exceed amount up to $75,000 for FY 2021/22 to accommodate for additional and unexpected promotional items and printed materials citywide as follows:
• Community Resources 101-3003-60149
• Wellness Center 101-3002-60420
• Recycling 221-0000-60127
CONSENT CALENDAR ITEM NO. 13
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• Human Resources 101-2001-60109
• Code Compliance 101-6004-60400
• City Wide Printing 101-3007-60410

BACKGROUND/ANALYSIS
The City utilized various companies to purchase printed material, promotional items, and apparel. After research and bid submittals in 2020, Palms to Pines Printing offered the best value for the price point and was contracted to provide promotional and printing services citywide.

Amendment No. 1 to the Agreement with Palms to Pines Printing increases the total compensation amount up to $75,000 per fiscal year to accommodate citywide purchasing of promotional items, printing needs and proposes to extend the term of the Agreement one additional year through FY 2022/23.

Staff continues to review quotes on products and Palms to Pines remains the lowest price on each product while staying on brand.

ALTERNATIVES
Staff does not recommend an alternative.

Prepared by: Marcie Graham, Marketing Manager
Approved by: Gilbert Villalpando, Director
Attachment: 1. Amendment No. 1 to Agreement for Contract Services with Palms to Pines Printing
108 CLICK HERE to Return to Agenda
AMENDMENT NO. 1 TO AGREEMENT FOR CONTRACT SERVICES

WITH PALMS TO PINES PRINTING
This Amendment No. 1 (“Amendment No. 1”) to Agreement for Contract Services (“Agreement”) is made and entered into as of the 8th day of June, 2022 (“Effective Date”) by and between the CITY OF LA QUINTA (“City”), a California municipal corporation, and PALMS TO PINES PRINTING AND PROMOTIONAL PRODUCTS (“Contracting Party”).

RECITALS
WHEREAS, on or about July 1, 2021, City entered into an Agreement with Contracting Party to provide promotional and printing services to the City, for a total not to exceed amount of $49,000. The term of the Agreement expires June 30, 2022 (“Initial Term”); and
WHEREAS, the City and Contracting Party mutually agree to extend the Term of the Agreement for one additional year, from July 1, 2022 through June 30, 2023 (“Extended Term”), in accordance with Section 3.4; and WHEREAS, the City and Contracting Party mutually agree to amend Section 2.1 Contract Sum of the Agreement to increase the Contract Sum from $49,000 to a total not to exceed amount of $75,000 per fiscal year for the Initial and Extended Terms.

NOW THEREFORE, in consideration of the mutual covenant herein contained, the parties agree as follows:

1. Section 2.1 – Contract Sum is amended to read as follows:

Section 2.1 – Contract Sum. For the Services rendered pursuant to this Agreement, Contracting Party shall be compensated in accordance with “Exhibit B” (the “Schedule of Compensation”) in a total amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) per year for the life of the Agreement, encompassing the initial and any extended terms (the “Contract ATTACHMENT 1109 CLICK HERE to Return to Agenda
Sum”) except as provided in Section 1.7. The method of compensation set forth in the Schedule of Compensation may include a lump sum payment upon completion, payment in accordance with the percentage of completion of the Services, payment for time and materials based upon Contracting Party’s rate schedule, but not exceeding the Contract Sum, or such other reasonable methods as may be specified in the Schedule of Compensation. The Contract Sum shall include the attendance of Contracting Party at all project meetings reasonably deemed necessary by City; Contracting Party shall not be entitled to any additional compensation for attending said meetings. Compensation may include reimbursement for actual and necessary expenditures for reproduction costs, transportation expense, telephone expense, and similar costs and expenses when and if specified in the Schedule of Compensation.

Regardless of the methods of compensation set forth in the Schedule of Compensation, Contracting Party’s overall compensation shall not exceed the Contract Sum, except as provided in Section 1.7 of this Agreement.

2. Section 3.4 – Term is amended to read as follows:

Section 3.4 – Term. Unless earlier terminated in accordance with the provisions in Article 8.0 of this Agreement, the term of this agreement shall commence on July 1, 2021, and terminate on June 30, 2022 (“Initial Term”).

This Agreement is being extended for one additional year from July 1, 2022, through June 30, 2023 (“Extended Term”). This Agreement may be extended for one (1) additional year upon mutual agreement by both parties.

In all other respects, the Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the City and Consultant have executed this Amendment No. 1 on the respective dates set forth below. 110 CLICK HERE to Return to Agenda

CITY OF LA QUINTA, PALMS TO PINES PRINTING
a California municipal corporation,
and charter city
__________________________ __________________________
Jon McMillen, City Manager Fred Anderson, President
Date: _________________ Date: __________________
ATTEST:
__________________________
Monika Radeva, City Clerk
APPROVED AS TO FORM:
_________________________
William H. Ihrke, City Attorney
111 CLICK HERE to Return to Agenda
Exhibit B
Schedule of Compensation
With the exception of Compensation for Additional Services, provided for in Section 2.3 of this Agreement, the maximum total compensation to be paid to Contracting Party under this Agreement is not to exceed Seventy Five Thousand Dollars ($75,000) per fiscal year for the life of the Agreement, encompassing the initial and any extended terms (“Contract Sum”). The Contract Sum shall be paid to Contracting Party in payments made based on items ordered and in an amount identified in Contracting Party’s schedule of compensation attached hereto for the work tasks performed and properly invoiced by Contracting Party in conformance with Section 2.2 of the Agreement.
112 CLICK HERE to Return to Agenda
City of La Quinta
CITY COUNCIL MEETING: June 7, 2022

STAFF REPORT
AGENDA TITLE: RECEIVE AND FILE THIRD QUARTER FISCAL YEAR 2021/22 TREASURY REPORTS FOR JANUARY, FEBRUARY, MARCH 2022

RECOMMENDATION
Receive and file the third quarter fiscal year 2021/22 Treasury Reports for January, February, and March 2022.

BACKGROUND/ANALYSIS
Commentary and Summary of Significant Activity
The total book value of the portfolio increased $7.8 million, from $183.0 million at the end of December to $190.8 million at the end of March. The increase reflects operational activity throughout the quarter. The portfolio is within policy limits for investment types and total allocation by type (see chart below), and is also within policy guidelines for investment ratings.

Investment Type January February March
Max
Allowed
Bank Accounts 7.70% 6.36% 1.01% 100%
Local Agency Investment Fund (LAIF) City 36.81% 36.19% 38.03% (1) Local Agency Investment Fund (LAIF) Housing 5.38% 5.29% 5.56% (1)(2) Money Market Pool Accounts-CAMP 0.43% 0.43% 0.45% 20%
Federal Agency Coupons 17.40% 18.57% 19.51% 100%
Treasury Coupons 8.55% 8.90% 10.73% 100%
Certificates of Deposit (CD's) 15.78% 15.88% 16.95% 30% Corporate Notes 1.19% 0.93% 0.97% 30%
Money Market with Fiscal Agent 0.00% 0.89% 0.00% (2)
CERBT- OPEB Trust 1.08% 1.06% 1.06% (3)
PARS Pension Trust 5.69% 5.51% 5.73% (3)
Total 100% 100% 100%
(3 ) OPEB and pension trusts are fiduciary accounts and not subject to City Investment Policy (1 ) LAIF is subject to maximum dollar amount not a percentage of the portfolio (2 ) Funds held by fiscal agent and the LAIF Housing funds are governed by bond indentures and not subject to City Investment Policy
Portfolio Allocations
CONSENT CALENDAR ITEM NO. 14
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The fiscal year annual effective rate of return is 0.75% as of March, which reflects a 2 basis point (bps) decrease since December. The overall portfolio rate is low due to a substantial balance in the Local Agency Investment Fund (LAIF) which is held for liquidity purposes. LAIF had seen a significant decline in rates driven by the short-term bond market and Fed Funds rate, but that is starting to recover. The LAIF rate was 1.78% in March of 2020, had dropped to 0.35% by March 2021 and was 0.36% in March 2022. However, this is an improvement over last quarter when LAIF was at 0.21% in December 2021.

City staff is evaluating liquidity needs and continuing to move money from LAIF into investments that may provide more yield.

Throughout the quarter, eight CDs and one corporate bond matured, and eight agency bonds, six treasuries, and twelve CDs were purchased. There were no sales or calls. Maturities and purchases are listed in detail in the attached reports.

Other Notes
Money market funds with the fiscal agent are bond proceeds subject to bond indentures, not the City’s investment policy. Successor Agency (SA) funds cannot be invested long-term; therefore SA funds are only invested in LAIF.

Looking Ahead
The Treasurer follows a “buy and hold” Investment Policy, unless it is fiscally advantageous to actively trade outside of maturity dates. In the short term, the Treasurer will invest in CAMP and LAIF as needed. Longer term investments may include Government Sponsored Enterprise (agencies) securities, U.S. Treasuries, Corporate Notes, and Negotiable Certificates of Deposits. All investments recognize both immediate and long-term cash flow needs, and there is sufficient liquidity in the portfolio to meet expenditure requirements for the next six months.

ALTERNATIVES - None
Prepared by: Rosemary Hallick, Financial Services Analyst Approved by: Claudia Martinez, Finance Director/City Treasurer Attachment: 1. Treasurer’s Report for January 1, 2022 to March 31, 2022 Total
Earnings
Average
Days to
Maturity
Effective
Rate of
Return YTD
January $ 109,420 429 0.75%
February $ 117,163 452 0.75%
March $ 117,898 494 0.75%
Quarter 2 $ 344,480 458 0.75%
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ATTACHMENT 1
115
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Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Bank Accounts
SYS1293 1293 Bank of New York 09/01/2020 2,958,648.14 2,958,648.14 2,958,648.14 1 1 0.000 059731851 1228 Bank of the West 08/20/2019 11,363,330.42 11,363,330.42 11,363,330.42 1 1 0.000 SYS1059 1059 City Petty Cash 07/01/2016 3,300.00 3,300.00 3,300.00 1 1 0.000 SYS1318 1318 Dune Palms Mobile Estates 03/09/2021 460,056.07 460,056.07 460,056.07 1 1 0.000 SYS1062 1062 La Quinta Palms Realty 07/01/2016 383,835.07 383,835.07 383,835.07 1 1 0.000 Subtotal and Average 12,465,606.09 15,169,169.70 15,169,169.70 15,169,169.70 1 1 0.000 Local Agency Investment Fund-City
98-33-434 1055 Local Agency Inv Fund 72,559,362.45 72,564,915.63 72,559,362.45 0.234 1 1 0.234 Subtotal and Average 69,929,801.72 72,559,362.45 72,564,915.63 72,559,362.45 1 1 0.234 Local Agency Invstmnt Fund-Housing
25-33-005 1113 Local Agency Inv Fund 10,601,873.42 10,602,751.30 10,601,873.42 0.234 1 1 0.234 Subtotal and Average 10,599,315.38 10,601,873.42 10,602,751.30 10,601,873.42 1 1 0.234 Money Market/Mutual Funds
X9USDDTP3 1294 Dreyfus 07/01/2021 0.00 0.00 0.00 1 1 0.000 Subtotal and Average 0.00 0.00 0.00 0.00 0 0 0.000
Money Market Accounts - CAMP
SYS1153 1153 California Asset Management Pr 09/26/2018 855,667.74 855,667.74 855,667.74 0.050 1 1 0.050 Subtotal and Average 855,631.79 855,667.74 855,667.74 855,667.74 1 1 0.050 Federal Agency Coupon Securities
3135G0W33 1233 Federal National Mtg Assn 10/29/2019 1,000,000.00 1,004,780.00 992,100.00 1.375 1,043 217 1.659 09/06/2022 3133EGWJ0 1247 Federal Farm Credit Bank 02/05/2020 1,000,000.00 1,006,500.00 999,217.36 1.400 967 240 1.430 09/29/2022 3133EKQP4 1198 Federal Farm Credit Bank 06/20/2019 500,000.00 505,790.00 499,500.00 1.875 1,271 314 1.905 12/12/2022 3133ENBT6 1348 Federal Farm Credit Bank 12/07/2021 1,000,000.00 996,030.00 998,530.00 0.180 414 358 0.310 01/25/2023 3133EMX64 1340 Federal Farm Credit Bank 10/22/2021 500,000.00 496,375.00 499,002.04 0.170 553 451 0.302 04/28/2023 3133EKZK5 1223 Federal Farm Credit Bank 09/12/2019 500,000.00 505,160.00 499,400.00 1.600 1,432 559 1.632 08/14/2023 3133EJYL7 1158 Federal Farm Credit Bank 10/15/2018 250,000.00 257,280.00 247,275.00 2.800 1,786 581 3.041 09/05/2023 3133EK4X1 1234 Federal Farm Credit Bank 11/01/2019 1,000,000.00 1,009,660.00 996,900.00 1.600 1,461 638 1.680 11/01/2023 3130AFW94 1177 Federal Home Loan Bank 03/01/2019 500,000.00 513,525.00 498,550.00 2.500 1,810 742 2.563 02/13/2024 3133ELNE0 1246 Federal Farm Credit Bank 02/14/2020 1,000,000.00 1,005,100.00 999,000.00 1.430 1,461 743 1.456 02/14/2024 3135G0V75 1206 Federal National Mtg Assn 07/15/2019 500,000.00 505,415.00 495,950.00 1.750 1,814 882 1.922 07/02/2024 Portfolio CITY
CP
Run Date: 05/24/2022 - 10:09 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
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Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Federal Agency Coupon Securities
3133EKWV4 1212 Federal Farm Credit Bank 08/02/2019 500,000.00 507,160.00 499,500.00 1.850 1,820 906 1.871 07/26/2024 3133EKP75 1224 Federal Farm Credit Bank 09/17/2019 500,000.00 503,965.00 498,750.00 1.600 1,827 959 1.652 09/17/2024 3133ELEA8 1242 Federal Farm Credit Bank 12/17/2019 1,000,000.00 1,010,500.00 998,600.00 1.700 1,736 959 1.731 09/17/2024 3135G06E8 1291 Federal National Mtg Assn 11/18/2020 500,000.00 487,005.00 499,250.00 0.420 1,461 1,021 0.458 11/18/2024 3133ENGN4 1355 Federal Farm Credit Bank 12/09/2021 1,000,000.00 985,800.00 1,000,000.00 0.970 1,096 1,042 0.970 12/09/2024 3135GAAW1 1300 Federal National Mtg Assn 12/30/2020 500,000.00 487,580.00 500,000.00 0.400 1,461 1,063 0.400 12/30/2024 3130AP2U8 1353 Federal Home Loan Bank 12/07/2021 1,000,000.00 975,060.00 987,100.00 0.550 1,127 1,071 0.976 01/07/2025 3135G03U5 1365 Federal National Mtg Assn 01/28/2022 500,000.00 487,680.00 487,790.00 0.625 1,180 1,176 1.400 04/22/2025 3134GVYG7 1279 Federal Home Loan Mtg Corp 05/27/2020 1,000,000.00 975,040.00 1,000,000.00 0.625 1,826 1,211 0.625 05/27/2025 3133ELH23 1280 Federal Farm Credit Bank 06/09/2020 500,000.00 485,765.00 499,850.00 0.500 1,826 1,224 0.506 06/09/2025 3133ELH80 1282 Federal Farm Credit Bank 06/10/2020 500,000.00 484,780.00 500,000.00 0.680 1,826 1,225 0.680 06/10/2025 3130AJKW8 1281 Federal Home Loan Bank 06/03/2020 500,000.00 484,740.00 499,850.00 0.500 1,836 1,228 0.506 06/13/2025 3130AJRP6 1283 Federal Home Loan Bank 06/30/2020 300,000.00 291,258.00 300,000.00 0.680 1,826 1,245 0.680 06/30/2025 3137EAEU9 1297 Federal Home Loan Mtg Corp 12/07/2020 1,000,000.00 963,440.00 997,300.00 0.375 1,687 1,266 0.434 07/21/2025 3137EAEU9 1361 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 481,720.00 487,090.00 0.375 1,293 1,266 1.120 07/21/2025 3135G05S8 1288 Federal National Mtg Assn 08/14/2020 500,000.00 482,825.00 500,000.00 0.500 1,826 1,290 0.500 08/14/2025 3136G4M75 1290 Federal National Mtg Assn 08/28/2020 500,000.00 483,305.00 499,750.00 0.520 1,816 1,294 0.530 08/18/2025 3136G4N74 1289 Federal National Mtg Assn 08/21/2020 1,000,000.00 965,990.00 1,000,000.00 0.560 1,826 1,297 0.560 08/21/2025 3137EAEX3 1307 Federal Home Loan Mtg Corp 02/23/2021 500,000.00 479,795.00 495,999.50 0.375 1,673 1,330 0.552 09/23/2025 3137EAEX3 1310 Federal Home Loan Mtg Corp 03/30/2021 1,000,000.00 959,590.00 983,940.00 0.375 1,638 1,330 0.740 09/23/2025 3134GW5R3 1362 Federal Home Loan Mtg Corp 01/05/2022 400,000.00 386,272.00 391,360.00 0.650 1,391 1,364 1.232 10/27/2025 3135G06G3 1354 Federal National Mtg Assn 12/07/2021 1,000,000.00 962,860.00 976,300.00 0.500 1,431 1,375 1.120 11/07/2025 3135GA2Z3 1292 Federal National Mtg Assn 11/17/2020 500,000.00 481,235.00 499,250.00 0.560 1,826 1,385 0.590 11/17/2025 3130AKFA9 1298 Federal Home Loan Bank 12/07/2020 500,000.00 478,320.00 497,400.00 0.375 1,831 1,410 0.480 12/12/2025 3135GA7D7 1299 Federal National Mtg Assn 12/23/2020 500,000.00 483,575.00 500,000.00 0.600 1,826 1,421 0.600 12/23/2025 3134GXGZ1 1301 Federal Home Loan Mtg Corp 12/30/2020 500,000.00 484,965.00 500,000.00 0.550 1,826 1,428 0.550 12/30/2025 3130AKMZ6 1302 Federal Home Loan Bank 01/14/2021 500,000.00 483,185.00 500,000.00 0.510 1,826 1,443 0.510 01/14/2026 3130AKN28 1304 Federal Home Loan Bank 01/29/2021 500,000.00 483,610.00 500,000.00 0.550 1,826 1,458 0.550 01/29/2026 3130ALV92 1312 Federal Home Loan Bank 03/30/2021 500,000.00 493,020.00 500,000.00 0.500 1,826 1,518 0.938 03/30/2026 3130AMFS6 1324 Federal Home Loan Bank 06/17/2021 1,000,000.00 965,500.00 993,420.00 0.750 1,821 1,592 0.885 06/12/2026 3133EM2C5 1330 Federal Farm Credit Bank 08/10/2021 500,000.00 482,280.00 498,000.00 0.710 1,826 1,651 0.792 08/10/2026 3133EM4X7 1338 Federal Farm Credit Bank 09/28/2021 1,000,000.00 964,950.00 991,080.00 0.800 1,808 1,682 0.985 09/10/2026 3130APBM6 1337 Federal Home Loan Bank 09/30/2021 1,000,000.00 975,660.00 999,000.00 1.000 1,826 1,702 1.021 09/30/2026 3130APB46 1339 Federal Home Loan Bank 10/13/2021 1,000,000.00 972,850.00 998,250.00 0.950 1,826 1,715 0.986 10/13/2026 3134GW6C5 1359 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 479,295.00 486,000.00 0.800 1,757 1,730 1.403 10/28/2026 3133ENCQ1 1344 Federal Farm Credit Bank 11/02/2021 1,000,000.00 984,670.00 1,000,000.00 1.270 1,826 1,735 1.270 11/02/2026 Portfolio CITY
CP
Run Date: 05/24/2022 - 10:09 PM (PRF_PM2) 7.3.0
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Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Federal Agency Coupon Securities
3130APTV7 1347 Federal Home Loan Bank 11/24/2021 500,000.00 495,955.00 499,500.00 0.700 1,826 1,757 1.489 11/24/2026 3130AQF65 1358 Federal Home Loan Bank 12/22/2021 1,000,000.00 981,770.00 999,750.00 1.250 1,825 1,784 1.255 12/21/2026 3130AQJR5 1364 Federal Home Loan Bank 01/27/2022 1,000,000.00 993,550.00 1,000,000.00 1.500 1,826 1,821 1.500 01/27/2027 Subtotal and Average 32,849,886.80 34,450,000.00 33,822,135.00 34,289,503.90 1,582 1,187 1.052 Treasury Coupon Securities
912828SV3 1192 U.S. Treasury 05/31/2019 500,000.00 502,110.00 496,650.00 1.750 1,080 103 1.984 05/15/2022 9128282W9 1178 U.S. Treasury 03/01/2019 500,000.00 504,335.00 489,687.50 1.875 1,309 241 2.480 09/30/2022 91282CBU4 1349 U.S. Treasury 12/07/2021 1,000,000.00 991,250.00 996,718.75 0.125 479 423 0.376 03/31/2023 91282CCD1 1350 U.S. Treasury 12/07/2021 1,000,000.00 989,180.00 995,468.75 0.125 540 484 0.432 05/31/2023 91282CCN9 1341 U.S. Treasury 10/22/2021 500,000.00 493,340.00 497,792.97 0.125 647 545 0.375 07/31/2023 912828T26 1217 U.S. Treasury 08/21/2019 500,000.00 502,580.00 499,300.00 1.375 1,501 606 1.410 09/30/2023 91282CBA8 1351 U.S. Treasury 12/07/2021 1,000,000.00 981,410.00 990,000.00 0.125 738 682 0.623 12/15/2023 91282CBE0 1342 U.S. Treasury 10/22/2021 1,000,000.00 980,080.00 991,000.00 0.125 815 713 0.531 01/15/2024 91282CBR1 1352 U.S. Treasury 12/07/2021 1,000,000.00 979,960.00 989,800.00 0.250 829 773 0.704 03/15/2024 91282CBV2 1360 U.S. Treasury 01/05/2022 500,000.00 490,860.00 494,882.81 0.375 831 804 0.830 04/15/2024 91282CDB4 1343 U.S. Treasury 10/22/2021 1,000,000.00 981,520.00 996,320.00 0.625 1,089 987 0.750 10/15/2024 912828YV6 1241 U.S. Treasury 12/16/2019 1,000,000.00 1,004,140.00 989,687.50 1.500 1,811 1,033 1.718 11/30/2024 91282CAT8 1311 U.S. Treasury 03/30/2021 1,000,000.00 954,340.00 977,500.00 0.250 1,676 1,368 0.750 10/31/2025 91282CAZ4 1315 U.S. Treasury 04/22/2021 500,000.00 478,655.00 492,187.50 0.375 1,683 1,398 0.720 11/30/2025 91282CBC4 1303 U.S. Treasury 01/07/2021 500,000.00 478,145.00 498,632.81 0.375 1,819 1,429 0.431 12/31/2025 91282CBH3 1309 U.S. Treasury 02/23/2021 500,000.00 477,285.00 495,100.00 0.375 1,803 1,460 0.577 01/31/2026 91282CBQ3 1319 U.S. Treasury 05/28/2021 500,000.00 479,160.00 494,165.00 0.500 1,737 1,488 0.750 02/28/2026 91282CBT7 1320 U.S. Treasury 05/28/2021 500,000.00 483,655.00 499,525.00 0.750 1,768 1,519 0.770 03/31/2026 91282CBT7 1322 U.S. Treasury 06/17/2021 500,000.00 483,655.00 498,450.00 0.750 1,748 1,519 0.816 03/31/2026 91282CCF6 1321 U.S. Treasury 06/01/2021 1,000,000.00 965,270.00 997,060.00 0.750 1,825 1,580 0.810 05/31/2026 91282CCF6 1323 U.S. Treasury 06/17/2021 500,000.00 482,635.00 497,095.00 0.750 1,809 1,580 0.870 05/31/2026 91282CCP4 1335 U.S. Treasury 09/29/2021 1,000,000.00 958,090.00 983,750.00 0.625 1,766 1,641 0.970 07/31/2026 91282CCW9 1336 U.S. Treasury 09/29/2021 1,000,000.00 962,700.00 988,500.00 0.750 1,797 1,672 0.990 08/31/2026 Subtotal and Average 16,785,417.74 17,000,000.00 16,604,355.00 16,849,273.59 1,307 1,041 0.862 Certificate of Deposits
2546722U1 1066 Discover Bank Greenwood DE CF 02/01/2017 240,000.00 240,014.26 240,000.00 2.250 1,826 0 2.251 02/01/2022 560507AK1 1171 Maine Savings FCU 12/28/2018 248,000.00 248,615.26 248,000.00 3.300 1,158 27 3.306 02/28/2022 549104JN8 1225 Luana Savings Bank 09/18/2019 245,000.00 245,466.18 245,000.00 1.600 912 45 1.599 03/18/2022 Portfolio CITY
CP
Run Date: 05/24/2022 - 10:09 PM (PRF_PM2) 7.3.0
118 CLICK HERE to Return to Agenda
Days to
Maturity

Page 4 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Certificate of Deposits
07833EAD9 1264 Bellco Credit Union 03/31/2020 248,000.00 248,475.41 248,000.00 1.300 729 57 1.300 03/30/2022 12738RFX7 1259 Cadence Bank, NA 03/31/2020 245,000.00 245,401.07 245,000.00 1.200 730 58 1.200 03/31/2022 06424KBC3 1261 Bank of Santa Clarita 03/31/2020 248,000.00 248,365.71 248,000.00 1.100 730 58 1.100 03/31/2022 30960QAG2 1126 Farmers Insurance Group FCU 04/30/2018 240,000.00 241,524.83 240,000.00 2.800 1,460 87 2.802 04/29/2022 50116CBE8 1101 Kansas State Bank 11/17/2017 245,000.00 246,297.75 245,000.00 2.100 1,642 105 2.099 05/17/2022 69324MAD7 1149 PCSB Bank 06/08/2018 245,000.00 247,280.39 245,000.00 3.000 1,461 127 3.002 06/08/2022 87164DRD4 1253 Synovus Bank 03/09/2020 245,000.00 246,068.82 245,000.00 1.600 822 128 1.602 06/09/2022 01748DBE5 1143 Allegiance Bank 06/13/2018 245,000.00 247,457.08 245,000.00 3.100 1,461 132 3.102 06/13/2022 03065AAL7 1200 America's Credit Union 06/28/2019 248,000.00 249,955.70 248,000.00 2.300 1,096 147 2.302 06/28/2022 89269CBX9 1148 Traditions Bank 06/08/2018 245,000.00 248,158.94 245,000.00 3.000 1,522 188 3.002 08/08/2022 12556LBA3 1219 CIT Bank NA 08/23/2019 245,000.00 246,882.23 245,000.00 1.900 1,096 203 1.902 08/23/2022 02587CFU9 1096 American Express Fed Savings B 08/29/2017 240,000.00 242,595.72 240,000.00 2.400 1,826 209 2.402 08/29/2022 85916VDC6 1201 Sterling Bank 06/28/2019 245,000.00 247,293.61 245,000.00 2.150 1,158 209 2.153 08/29/2022 01859BAA3 1095 Alliance Credit Union 10/13/2017 245,000.00 247,724.12 245,000.00 2.250 1,826 254 2.251 10/13/2022 06740KLJ4 1097 Barclays Bank 10/25/2017 240,000.00 242,882.41 240,000.00 2.300 1,826 266 2.291 10/25/2022 62384RAC0 1099 Mountain America Federal CU 11/08/2017 245,000.00 247,973.72 245,000.00 2.300 1,826 280 2.301 11/08/2022 22766ACB9 1106 CrossFirst Bank 11/20/2017 245,000.00 247,881.83 245,000.00 2.200 1,824 290 2.201 11/18/2022 29367QCP1 1107 Enterprise Bank, NA 11/28/2017 245,000.00 247,878.51 245,000.00 2.150 1,826 300 2.151 11/28/2022 58404DCX7 1169 Medallion Bank 12/07/2018 248,000.00 253,501.30 248,000.00 3.400 1,461 309 3.402 12/07/2022 75701LAB3 1166 Red Rocks Credit Union 12/07/2018 248,000.00 253,394.93 248,000.00 3.350 1,461 309 3.352 12/07/2022 499724AB8 1110 Knoxville TVA Credit Union 12/29/2017 245,000.00 248,568.83 245,000.00 2.400 1,826 331 2.401 12/29/2022 49228XAK6 1239 Kern FCU 12/30/2019 248,000.00 250,481.07 248,000.00 1.900 1,096 332 1.902 12/30/2022 79772FAC0 1240 San Francisco FCU 12/30/2019 248,000.00 250,366.84 248,000.00 1.850 1,096 332 1.852 12/30/2022 949495AT2 1244 Wells Fargo Natl Bank West 01/29/2020 248,000.00 250,525.34 248,000.00 1.900 1,097 363 1.900 01/30/2023 81768PAF3 1254 Servisfirst Bank 02/21/2020 248,000.00 249,687.06 248,000.00 1.600 1,096 385 1.601 02/21/2023 92535LCD4 1180 Verus Bank of Commerce 02/28/2019 248,000.00 252,678.84 248,000.00 2.700 1,461 392 2.700 02/28/2023 034577AH9 1119 Aneca Federal Credit Union 03/22/2018 245,000.00 250,065.12 245,000.00 2.800 1,826 414 2.802 03/22/2023 66704MEQ0 1263 Northstar Bank 03/31/2020 248,000.00 248,377.28 248,000.00 1.150 1,095 423 1.150 03/31/2023 954444BS3 1265 West Michigan Cmnty Bk 03/31/2020 248,000.00 248,377.28 248,000.00 1.150 1,095 423 1.150 03/31/2023 17312QJ26 1123 Citibank NA 04/11/2018 245,000.00 250,514.29 245,000.00 2.900 1,826 434 2.902 04/11/2023 20726ABA5 1189 Congressional Bank 04/30/2019 248,000.00 252,577.02 248,000.00 2.500 1,459 451 2.502 04/28/2023 29278TAY6 1125 EnerBank USA 04/30/2018 240,000.00 245,776.15 240,000.00 2.950 1,824 451 2.952 04/28/2023 32117BCX4 1179 First National Bank 03/05/2019 248,000.00 253,497.34 248,000.00 2.800 1,522 458 2.802 05/05/2023 725404AB3 1194 Pittsfield Cooperative Bank 06/07/2019 245,000.00 249,711.11 245,000.00 2.500 1,461 491 2.502 06/07/2023 619165JD6 1173 Morton Community 03/20/2019 248,000.00 253,770.25 248,000.00 2.750 1,553 504 2.753 06/20/2023 74934YAH4 1144 RCB Bank 06/20/2018 245,000.00 252,064.21 245,000.00 3.150 1,826 504 3.152 06/20/2023 Portfolio CITY
CP
Run Date: 05/24/2022 - 10:09 PM (PRF_PM2) 7.3.0
119 CLICK HERE to Return to Agenda
Days to
Maturity

Page 5 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Certificate of Deposits
02616AAH2 1285 American First CU 06/26/2020 248,000.00 245,457.91 248,000.00 0.350 1,095 510 0.350 06/26/2023 02772JBD1 1205 American National Bank 07/19/2019 248,000.00 251,256.64 248,000.00 2.000 1,461 533 2.001 07/19/2023 32110YLK9 1147 First National Bank of America 07/20/2018 245,000.00 252,374.14 245,000.00 3.150 1,826 534 3.152 07/20/2023 06426KAN8 1151 Bank of New England 07/31/2018 249,000.00 256,915.19 249,000.00 3.250 1,826 545 3.252 07/31/2023 75472RAD3 1218 Raymond James Bank 08/23/2019 244,000.00 247,105.01 244,000.00 1.950 1,461 568 1.951 08/23/2023 89579NCD3 1262 Triad Bank 03/30/2020 248,000.00 248,768.54 248,000.00 1.350 1,278 605 1.352 09/29/2023 57116ARV2 1155 Cache Valley BK F/K/A Marlin 10/17/2018 248,000.00 256,959.70 248,000.00 3.300 1,826 623 3.302 10/17/2023 625925AR3 1160 Municipal Trust and Savings 10/17/2018 245,000.00 253,431.22 245,000.00 3.200 1,826 623 3.202 10/17/2023 90348JEJ5 1161 UBS Bank USA 10/17/2018 245,000.00 254,061.36 245,000.00 3.350 1,826 623 3.352 10/17/2023 474067AQ8 1154 Jefferson Financial CU 10/19/2018 245,000.00 254,063.44 245,000.00 3.350 1,826 625 3.352 10/19/2023 20143PDV9 1162 Commercial Bank 11/15/2018 248,000.00 257,684.75 248,000.00 3.400 1,826 652 3.402 11/15/2023 67054NAN3 1164 Numerica Credit Union 11/28/2018 248,000.00 258,555.60 248,000.00 3.550 1,826 665 3.552 11/28/2023 635573AL2 1170 National Cooperative Bank, N.A 12/21/2018 245,000.00 254,922.77 245,000.00 3.400 1,826 688 3.402 12/21/2023 066851WJ1 1172 Bar Harbor Bank and Trust 12/31/2018 248,000.00 257,952.17 248,000.00 3.350 1,824 696 3.352 12/29/2023 51210SQU4 1208 Lakeside Bank 07/30/2019 248,000.00 251,562.62 248,000.00 2.000 1,644 727 2.003 01/29/2024 77579ADF0 1251 Rollstone B&T 02/12/2020 245,000.00 246,697.63 245,000.00 1.650 1,461 741 1.651 02/12/2024 66736ABP3 1181 Northwest Bank 02/13/2019 248,000.00 256,287.41 248,000.00 2.950 1,826 742 2.951 02/13/2024 949763XY7 1174 Wells Fargo 02/27/2019 248,000.00 256,698.55 248,000.00 3.000 1,826 756 3.001 02/27/2024 882213AB7 1260 Texas Bank Financial 03/31/2020 245,000.00 243,808.75 245,000.00 1.100 1,458 786 1.101 03/28/2024 472382AQ3 1272 The Jefferson Bank 04/15/2020 248,000.00 247,492.13 248,000.00 1.250 1,461 804 1.251 04/15/2024 08016PDQ9 1270 Belmont Bank and Trust 04/16/2020 248,000.00 247,491.51 248,000.00 1.250 1,461 805 1.251 04/16/2024 69506YRH4 1269 Pacific Western Bank 04/16/2020 245,000.00 244,765.74 245,000.00 1.300 1,461 805 1.301 04/16/2024 56065GAG3 1188 Main Street Bank 04/26/2019 248,000.00 254,955.60 248,000.00 2.600 1,827 815 2.603 04/26/2024 33640VDD7 1231 First Service Bank 11/15/2019 248,000.00 249,918.36 248,000.00 1.700 1,643 834 1.701 05/15/2024 48128HXU7 1185 JP Morgan Chase 05/16/2019 245,000.00 255,560.67 245,000.00 3.250 1,827 835 3.254 05/16/2024 46256YAZ2 1186 Iowa State Bank 05/23/2019 245,000.00 250,843.25 245,000.00 2.400 1,827 842 2.403 05/23/2024 538036GV0 1238 Live Oak Bank 11/27/2019 248,000.00 250,522.41 248,000.00 1.800 1,644 847 1.802 05/28/2024 156634AK3 1184 Century Next Bank 05/29/2019 248,000.00 254,552.12 248,000.00 2.500 1,827 848 2.503 05/29/2024 72651LCL6 1195 Plains Commerce Bank 06/07/2019 245,000.00 251,705.71 245,000.00 2.550 1,827 857 2.553 06/07/2024 299547AQ2 1196 Evansville Teachers Credit FCU 06/12/2019 248,000.00 255,142.03 248,000.00 2.600 1,827 862 2.603 06/12/2024 524661CB9 1197 Legacy Bank 06/19/2019 248,000.00 254,020.76 248,000.00 2.400 1,827 869 2.403 06/19/2024 176688CP2 1199 Citizens State Bank 06/21/2019 248,000.00 254,034.38 248,000.00 2.400 1,827 871 2.403 06/21/2024 20416TAQ5 1202 Communitywide FCU 06/28/2019 248,000.00 253,189.40 248,000.00 2.250 1,827 878 2.253 06/28/2024 761402BY1 1203 Revere Bank 06/28/2019 247,000.00 252,446.86 247,000.00 2.300 1,827 878 2.303 06/28/2024 00257TBD7 1207 Abacus Federal Savings 07/26/2019 248,000.00 251,405.50 248,000.00 1.950 1,827 906 1.952 07/26/2024 33625CCP2 1209 First Security Bank of WA 07/30/2019 248,000.00 251,728.44 248,000.00 2.000 1,827 910 2.002 07/30/2024 Portfolio CITY
CP
Run Date: 05/24/2022 - 10:09 PM (PRF_PM2) 7.3.0
120 CLICK HERE to Return to Agenda
Days to
Maturity

Page 6 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Certificate of Deposits
710571DS6 1210 People's Bank 07/31/2019 248,000.00 251,620.58 248,000.00 2.000 1,827 911 2.002 07/31/2024 740367HP5 1213 Preferred Bank 08/16/2019 249,000.00 252,697.68 249,000.00 2.000 1,827 927 2.002 08/16/2024 33766LAJ7 1216 FirsTier Bank 08/23/2019 249,000.00 252,407.79 249,000.00 1.950 1,827 934 1.952 08/23/2024 938828BH2 1215 Washington Federal 08/23/2019 248,000.00 251,710.13 248,000.00 2.000 1,827 934 2.002 08/23/2024 336460CX6 1222 First State Bk DeQueen 08/30/2019 248,000.00 250,464.06 248,000.00 1.800 1,827 941 1.802 08/30/2024 334342CD2 1221 First Natl Bk of Syracuse 08/30/2019 249,000.00 251,793.63 249,000.00 1.850 1,827 941 1.852 08/30/2024 15118RRH2 1220 Celtic Bank 08/30/2019 248,000.00 250,782.41 248,000.00 1.850 1,827 941 1.852 08/30/2024 05580AD50 1333 BMW Bank 09/10/2021 245,000.00 240,051.82 245,000.00 0.650 1,096 952 0.651 09/10/2024 06652CHB0 1227 BankWest Inc 09/27/2019 248,000.00 249,768.79 248,000.00 1.700 1,827 969 1.702 09/27/2024 84223QAN7 1286 Southern Bancorp Bk 06/26/2020 248,000.00 241,621.91 248,000.00 0.500 1,582 997 0.500 10/25/2024 804375DL4 1235 Sauk Valley B&T Co 11/07/2019 248,000.00 249,602.44 248,000.00 1.700 1,827 1,010 1.702 11/07/2024 61690UNX4 1237 Morgan Stanley Bank 11/20/2019 245,000.00 248,294.74 245,000.00 1.950 1,827 1,023 1.952 11/20/2024 61760A3B3 1236 Morgan Stanley Private Bk, NA 11/20/2019 245,000.00 247,954.75 245,000.00 1.900 1,827 1,023 1.902 11/20/2024 064520BG3 1287 Bank Princeton 06/30/2020 248,000.00 240,961.82 248,000.00 0.500 1,644 1,063 0.500 12/30/2024 89388CEY0 1328 Transportation Alliance Bk TAB 07/23/2021 248,000.00 239,951.61 248,000.00 0.400 1,280 1,087 0.401 01/23/2025 06417NZQ9 1329 Bank OZK 07/29/2021 248,000.00 239,908.26 248,000.00 0.400 1,280 1,093 0.401 01/29/2025 90983WBT7 1249 United Community 02/07/2020 248,000.00 248,986.77 248,000.00 1.650 1,827 1,102 1.652 02/07/2025 32114VBT3 1250 First National Bank Michigan 02/14/2020 248,000.00 248,992.86 248,000.00 1.650 1,827 1,109 1.652 02/14/2025 35637RDC8 1248 Freedom Financial 02/14/2020 248,000.00 248,246.27 248,000.00 1.550 1,827 1,109 1.552 02/14/2025 029728BC5 1255 American State 02/21/2020 248,000.00 248,623.39 248,000.00 1.600 1,827 1,116 1.602 02/21/2025 17286TAG0 1252 Citadel FCU 02/27/2020 248,000.00 249,004.27 248,000.00 1.650 1,827 1,122 1.652 02/27/2025 00435JBH5 1256 Access Bank 03/13/2020 248,000.00 248,573.06 248,000.00 1.600 1,826 1,136 1.601 03/13/2025 849430BF9 1257 Spring Bank 03/20/2020 248,000.00 247,807.70 248,000.00 1.500 1,826 1,143 1.501 03/20/2025 05465DAE8 1258 Axos Bank 03/26/2020 248,000.00 248,965.88 248,000.00 1.650 1,826 1,149 1.651 03/26/2025 020080BX4 1267 Alma Bank 03/30/2020 248,000.00 247,032.39 248,000.00 1.400 1,824 1,151 1.399 03/28/2025 2027506M2 1268 Commonwealth Business Bk 03/31/2020 248,000.00 245,804.13 248,000.00 1.250 1,826 1,154 1.251 03/31/2025 654062JZ2 1266 Nicolet Natl Bank 03/31/2020 248,000.00 246,968.02 248,000.00 1.400 1,826 1,154 1.401 03/31/2025 14042TDD6 1271 Capital One USA FDIC33954 04/08/2020 245,000.00 245,511.93 245,000.00 1.600 1,826 1,162 1.601 04/08/2025 32112UDR9 1274 First Natl Bk McGregor 04/28/2020 248,000.00 246,546.45 248,000.00 1.350 1,826 1,182 1.351 04/28/2025 32027BAL1 1273 First Freedom Bank 04/29/2020 249,000.00 246,342.21 249,000.00 1.200 1,826 1,183 1.201 04/29/2025 33847E3A3 1276 Flagstar 04/30/2020 248,000.00 245,752.28 248,000.00 1.250 1,826 1,184 1.251 04/30/2025 32056GDJ6 1278 1st Internet Bank 05/11/2020 248,000.00 243,645.99 248,000.00 1.000 1,827 1,196 0.985 05/12/2025 95960NKD8 1277 Western State Bank 05/13/2020 245,000.00 240,705.89 245,000.00 1.000 1,826 1,197 1.001 05/13/2025 169894AS1 1284 Chippewa Valley Bk 06/24/2020 248,000.00 240,102.70 248,000.00 0.600 1,826 1,239 0.600 06/24/2025 307811DF3 1363 Farmers & Merch 01/14/2022 249,000.00 243,422.56 249,000.00 0.900 1,277 1,259 0.900 07/14/2025 70962LAF9 1331 Pentagon FCU 09/01/2021 249,000.00 241,299.65 249,000.00 0.700 1,462 1,309 0.687 09/02/2025 Portfolio CITY
CP
Run Date: 05/24/2022 - 10:09 PM (PRF_PM2) 7.3.0
121 CLICK HERE to Return to Agenda
Days to
Maturity

Page 7 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Certificate of Deposits
51507LCC6 1305 Landmark Community Bank 01/22/2021 248,000.00 237,275.80 248,000.00 0.500 1,826 1,451 0.500 01/22/2026 87270LDL4 1306 TIAA FKA EverBank 02/12/2021 245,000.00 234,216.47 245,000.00 0.500 1,826 1,472 0.500 02/12/2026 39573LBC1 1313 Greenstate FCU 04/16/2021 249,000.00 242,056.03 249,000.00 0.950 1,826 1,535 0.951 04/16/2026 89235MKY6 1314 Toyota Financial Savings Bank 04/22/2021 245,000.00 237,656.61 245,000.00 0.900 1,826 1,541 0.900 04/22/2026 14622LAA0 1316 Carter FCU 04/27/2021 248,000.00 238,978.91 248,000.00 0.750 1,826 1,546 0.750 04/27/2026 31617CAV5 1317 Fidelity Homestead 04/30/2021 248,000.00 238,446.78 248,000.00 0.700 1,826 1,549 0.711 04/30/2026 501798RP9 1356 LCA Bank Corp 12/27/2021 248,000.00 241,214.14 248,000.00 1.000 1,642 1,606 1.000 06/26/2026 92559TAJ7 1325 Vibrant Credit Union 07/02/2021 249,000.00 240,002.39 248,377.50 0.800 1,824 1,610 0.852 06/30/2026 38149MXK4 1326 Goldman Sachs 07/28/2021 248,000.00 241,032.53 248,000.00 1.000 1,826 1,638 1.001 07/28/2026 795451AF0 1327 Sallie Mae Bank Salt Lake CIty 07/28/2021 248,000.00 241,032.53 248,000.00 1.000 1,826 1,638 1.001 07/28/2026 87165ET98 1332 Synchrony Bank Retail 09/03/2021 245,000.00 236,754.01 245,000.00 0.900 1,826 1,675 0.900 09/03/2026 20786ADL6 1334 Connect One 09/24/2021 248,000.00 238,402.03 248,000.00 0.800 1,826 1,696 0.800 09/24/2026 59013KPN0 1345 Merrick Bank 11/09/2021 249,000.00 242,460.15 249,000.00 1.100 1,826 1,742 1.101 11/09/2026 14042RQB0 1346 Capital One Natl Assn FDIC4297 11/17/2021 248,000.00 241,476.36 248,000.00 1.100 1,826 1,750 1.101 11/17/2026 20825WAR1 1357 Connexus CU 12/23/2021 249,000.00 244,021.39 249,000.00 1.250 1,826 1,786 1.250 12/23/2026 Subtotal and Average 31,366,377.50 31,103,000.00 31,249,419.03 31,102,377.50 1,635 799 1.897 Corporate Notes
742718DY2 1159 Proctor and Gamble 10/15/2018 500,000.00 500,115.00 487,950.00 2.300 1,210 5 3.071 02/06/2022 931142DU4 1190 Wal-Mart Stores, Inc 04/16/2019 500,000.00 506,125.00 496,650.00 2.350 1,339 317 2.799 12/15/2022 19416QEA4 1175 Colgate-Palmolive 03/04/2019 500,000.00 505,725.00 485,250.00 1.950 1,430 365 2.751 02/01/2023 594918BQ6 1157 Microsoft Corporation 10/15/2018 400,000.00 405,096.00 378,360.00 2.000 1,758 553 3.222 08/08/2023 45950VPS9 1308 International Finance Corp. 02/26/2021 500,000.00 480,310.00 497,300.00 0.500 1,826 1,486 0.610 02/26/2026 Subtotal and Average 2,345,510.00 2,400,000.00 2,397,371.00 2,345,510.00 1,502 548 2.450 Money Market with Fiscal Agent
SYS1058 1058 US Bank 07/01/2016 1,437.51 1,437.51 1,437.51 1 1 0.000 Subtotal and Average 1,437.50 1,437.51 1,437.51 1,437.51 1 1 0.000 CERBT - OPEB Trust
SYS1114 1114 CalPERS CERBT Plan 07/01/2021 2,127,071.17 2,127,071.17 2,127,071.17 1 1 0.000 Subtotal and Average 2,127,071.17 2,127,071.17 2,127,071.17 2,127,071.17 1 1 0.000 Portfolio CITY
CP
Run Date: 05/24/2022 - 10:09 PM (PRF_PM2) 7.3.0
122 CLICK HERE to Return to Agenda
Days to
Maturity

Page 8 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
January 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
PARS Pension Trust
SYS1230 1230 Pblc Agncy Rtrmnt Serv 11,212,727.43 11,212,727.43 11,212,727.43 1 1 0.000 Subtotal and Average 11,558,317.29 11,212,727.43 11,212,727.43 11,212,727.43 1 1 0.000 Total and Average 190,884,373.00 197,480,309.42 196,607,020.51 197,113,974.41 663 429 0.684 Portfolio CITY
CP
Run Date: 05/24/2022 - 10:09 PM (PRF_PM2) 7.3.0
123 CLICK HERE to Return to Agenda
City of La Quinta
Total Earnings
City of La Quinta
-
Sorted by Fund - Fund
January 1, 2022 - January 31, 2022
Current
Rate
Ending
Par Value
Ending
Fund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Annualized Adjusted Interest
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
98-33-434 1055 101 LAIF 72,559,362.45 63,519,640.72 72,559,362.45 0.234 0.352 18,982.71 0.00 0.00 18,982.71 SYS1059 1059 101 CITYPC 3,300.00 3,300.00 3,300.00 0.00 0.00 0.00 0.00 2546722U1 1066 101 DISCOV 240,000.00 240,000.00 240,000.00 2.250 2.250 458.63 0.00 0.00 458.63 677721CN0 1089 101 OHVAL 0.00 240,000.00 0.00 1.900 1.900 224.87 0.00 0.00 224.87 01859BAA3 1095 101 ALLIAN 245,000.00 245,000.00 245,000.00 2.250 2.250 468.18 0.00 0.00 468.18 02587CFU9 1096 101 AMFSB 240,000.00 240,000.00 240,000.00 2.400 2.400 489.21 0.00 0.00 489.21 06740KLJ4 1097 101 BARCLY 240,000.00 240,000.00 240,000.00 2.300 2.300 468.83 0.00 0.00 468.83 62384RAC0 1099 101 MTNAMR 245,000.00 245,000.00 245,000.00 2.300 2.300 478.59 0.00 0.00 478.59 50116CBE8 1101 101 KANSAS 245,000.00 245,000.00 245,000.00 2.100 2.100 436.97 0.00 0.00 436.97 22766ACB9 1106 101 CRS1ST 245,000.00 245,000.00 245,000.00 2.200 2.200 457.78 0.00 0.00 457.78 29367QCP1 1107 101 ENTRPR 245,000.00 245,000.00 245,000.00 2.150 2.150 447.38 0.00 0.00 447.38 499724AB8 1110 101 KNOX 245,000.00 245,000.00 245,000.00 2.400 2.400 499.40 0.00 0.00 499.40 88413QBY3 1112 101 3RD 0.00 245,000.00 0.00 2.500 2.500 503.42 0.00 0.00 503.42 SYS1114 1114 101 CALPRS 2,127,071.17 2,127,071.17 2,127,071.17 0.00 0.00 0.00 0.00 034577AH9 1119 101 ANECA 245,000.00 245,000.00 245,000.00 2.800 2.800 582.63 0.00 0.00 582.63 17312QJ26 1123 101 CITINA 245,000.00 245,000.00 245,000.00 2.900 2.900 603.44 0.00 0.00 603.44 29278TAY6 1125 101 ENER 240,000.00 240,000.00 240,000.00 2.950 2.950 601.32 0.00 0.00 601.32 30960QAG2 1126 101 FARMIG 240,000.00 240,000.00 240,000.00 2.800 2.800 570.74 0.00 0.00 570.74 01748DBE5 1143 101 ALLGNC 245,000.00 245,000.00 245,000.00 3.100 3.100 645.05 0.00 0.00 645.05 74934YAH4 1144 101 RCB 245,000.00 245,000.00 245,000.00 3.150 3.150 655.46 0.00 0.00 655.46 32110YLK9 1147 101 1STNBA 245,000.00 245,000.00 245,000.00 3.150 3.150 655.46 0.00 0.00 655.46 89269CBX9 1148 101 TRAD 245,000.00 245,000.00 245,000.00 3.000 3.000 624.25 0.00 0.00 624.25 69324MAD7 1149 101 PCSB 245,000.00 245,000.00 245,000.00 3.000 3.000 624.25 0.00 0.00 624.25 06426KAN8 1151 101 NWENGL 249,000.00 249,000.00 249,000.00 3.250 3.250 687.31 0.00 0.00 687.31 SYS1153 1153 101 CAMP 855,667.74 855,630.59 855,667.74 0.050 0.051 37.15 0.00 0.00 37.15 474067AQ8 1154 101 JEFF 245,000.00 245,000.00 245,000.00 3.350 3.350 697.07 0.00 0.00 697.07 57116ARV2 1155 101 MARBUS 248,000.00 248,000.00 248,000.00 3.300 3.300 695.08 0.00 0.00 695.08 594918BQ6 1157 101 MCRSFT 400,000.00 378,360.00 378,360.00 2.000 2.075 666.66 0.00 0.00 666.66 3133EJYL7 1158 101 FFCB 250,000.00 247,275.00 247,275.00 2.800 2.778 583.33 0.00 0.00 583.33 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:01 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
124 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 2 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
January 1, 2022 - January 31, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
742718DY2 1159 101 P&G 500,000.00 487,950.00 487,950.00 2.300 2.312 958.34 0.00 0.00 958.34 625925AR3 1160 101 MUNTRS 245,000.00 245,000.00 245,000.00 3.200 3.200 665.86 0.00 0.00 665.86 90348JEJ5 1161 101 UBS 245,000.00 245,000.00 245,000.00 3.350 3.350 697.08 0.00 0.00 697.08 20143PDV9 1162 101 COMMBK 248,000.00 248,000.00 248,000.00 3.400 3.400 716.14 0.00 0.00 716.14 67054NAN3 1164 101 NMRCA 248,000.00 248,000.00 248,000.00 3.550 3.550 747.74 0.00 0.00 747.74 75701LAB3 1166 101 REDRCK 248,000.00 248,000.00 248,000.00 3.350 3.350 705.61 0.00 0.00 705.61 58404DCX7 1169 101 MEDBA 248,000.00 248,000.00 248,000.00 3.400 3.400 716.14 0.00 0.00 716.14 635573AL2 1170 101 NLCOOP 245,000.00 245,000.00 245,000.00 3.400 3.400 707.48 0.00 0.00 707.48 560507AK1 1171 101 MAINE 248,000.00 248,000.00 248,000.00 3.300 3.300 695.08 0.00 0.00 695.08 066851WJ1 1172 101 BARHAR 248,000.00 248,000.00 248,000.00 3.350 3.350 705.61 0.00 0.00 705.61 619165JD6 1173 101 MORTN 248,000.00 248,000.00 248,000.00 2.750 2.750 579.23 0.00 0.00 579.23 949763XY7 1174 101 WELLS 248,000.00 248,000.00 248,000.00 3.000 3.000 631.89 0.00 0.00 631.89 19416QEA4 1175 101 COLGTE 500,000.00 485,250.00 485,250.00 1.950 1.971 812.50 0.00 0.00 812.50 3130AFW94 1177 101 FHLB 500,000.00 498,550.00 498,550.00 2.500 2.460 1,041.66 0.00 0.00 1,041.66 9128282W9 1178 101 USTR 500,000.00 489,687.50 489,687.50 1.875 1.920 798.42 0.00 0.00 798.42 32117BCX4 1179 101 1STNBK 248,000.00 248,000.00 248,000.00 2.800 2.800 589.76 0.00 0.00 589.76 92535LCD4 1180 101 VERUS 248,000.00 248,000.00 248,000.00 2.700 2.700 568.70 0.00 0.00 568.70 66736ABP3 1181 101 NRTHWS 248,000.00 248,000.00 248,000.00 2.950 2.950 621.36 0.00 0.00 621.36 156634AK3 1184 101 CENTNX 248,000.00 248,000.00 248,000.00 2.500 2.500 526.58 0.00 0.00 526.58 48128HXU7 1185 101 JPMORG 245,000.00 245,000.00 245,000.00 3.250 3.250 676.27 0.00 0.00 676.27 46256YAZ2 1186 101 IOWAST 245,000.00 245,000.00 245,000.00 2.400 2.400 499.40 0.00 0.00 499.40 56065GAG3 1188 101 MAINST 248,000.00 248,000.00 248,000.00 2.600 2.600 547.64 0.00 0.00 547.64 20726ABA5 1189 101 CONGRS 248,000.00 248,000.00 248,000.00 2.500 2.500 526.58 0.00 0.00 526.58 931142DU4 1190 101 WALMRT 500,000.00 496,650.00 496,650.00 2.350 2.321 979.17 0.00 0.00 979.17 912828SV3 1192 101 USTR 500,000.00 496,650.00 496,650.00 1.750 1.776 749.31 0.00 0.00 749.31 725404AB3 1194 101 PITTS 245,000.00 245,000.00 245,000.00 2.500 2.500 520.21 0.00 0.00 520.21 72651LCL6 1195 101 PLAINS 245,000.00 245,000.00 245,000.00 2.550 2.550 530.61 0.00 0.00 530.61 299547AQ2 1196 101 EVNSCU 248,000.00 248,000.00 248,000.00 2.600 2.600 547.64 0.00 0.00 547.64 524661CB9 1197 101 LEGCY 248,000.00 248,000.00 248,000.00 2.400 2.400 505.51 0.00 0.00 505.51 3133EKQP4 1198 101 FFCB 500,000.00 499,500.00 499,500.00 1.875 1.842 781.25 0.00 0.00 781.25 176688CP2 1199 101 CTZNST 248,000.00 248,000.00 248,000.00 2.400 2.400 505.51 0.00 0.00 505.51 03065AAL7 1200 101 AMERCU 248,000.00 248,000.00 248,000.00 2.300 2.300 484.45 0.00 0.00 484.45 85916VDC6 1201 101 STRLNG 245,000.00 245,000.00 245,000.00 2.150 2.150 447.37 0.00 0.00 447.37 20416TAQ5 1202 101 COMMW 248,000.00 248,000.00 248,000.00 2.250 2.250 473.92 0.00 0.00 473.92 761402BY1 1203 101 REVER 247,000.00 247,000.00 247,000.00 2.300 2.300 482.49 0.00 0.00 482.49 02772JBD1 1205 101 AMRNTL 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 3135G0V75 1206 101 FNMA 500,000.00 495,950.00 495,950.00 1.750 1.731 729.17 0.00 0.00 729.17 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:01 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
125 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 3 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
January 1, 2022 - January 31, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
00257TBD7 1207 101 ABACUS 248,000.00 248,000.00 248,000.00 1.950 1.950 410.73 0.00 0.00 410.73 51210SQU4 1208 101 LKSIDE 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 33625CCP2 1209 101 1STSEC 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 710571DS6 1210 101 PEOPLE 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 3133EKWV4 1212 101 FFCB 500,000.00 499,500.00 499,500.00 1.850 1.817 770.83 0.00 0.00 770.83 740367HP5 1213 101 PREFRD 249,000.00 249,000.00 249,000.00 2.000 2.000 422.96 0.00 0.00 422.96 938828BH2 1215 101 WSHFED 248,000.00 248,000.00 248,000.00 2.000 2.000 421.26 0.00 0.00 421.26 33766LAJ7 1216 101 1STIER 249,000.00 249,000.00 249,000.00 1.950 1.950 412.38 0.00 0.00 412.38 912828T26 1217 101 USTR 500,000.00 499,300.00 499,300.00 1.375 1.381 585.51 0.00 0.00 585.51 75472RAD3 1218 101 RAYJAM 244,000.00 244,000.00 244,000.00 1.950 1.950 404.11 0.00 0.00 404.11 12556LBA3 1219 101 CITBNK 245,000.00 245,000.00 245,000.00 1.900 1.900 395.35 0.00 0.00 395.35 15118RRH2 1220 101 CELTIC 248,000.00 248,000.00 248,000.00 1.850 1.850 389.67 0.00 0.00 389.67 334342CD2 1221 101 1STNBS 249,000.00 249,000.00 249,000.00 1.850 1.850 391.24 0.00 0.00 391.24 336460CX6 1222 101 1STDQN 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 3133EKZK5 1223 101 FFCB 500,000.00 499,400.00 499,400.00 1.600 1.572 666.67 0.00 0.00 666.67 3133EKP75 1224 101 FFCB 500,000.00 498,750.00 498,750.00 1.600 1.574 666.67 0.00 0.00 666.67 549104JN8 1225 101 LUANA 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 06652CHB0 1227 101 BNKWST 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 059731851 1228 101 BOTW 11,363,330.42 7,985,504.04 11,363,330.42 0.01 0.00 0.00 0.01 SYS1230 1230 101 PARS 11,212,727.43 11,569,836.95 11,212,727.43 0.00 0.00 0.00 0.00 33640VDD7 1231 101 1STSER 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 3135G0W33 1233 101 FNMA 1,000,000.00 992,100.00 992,100.00 1.375 1.360 1,145.83 0.00 0.00 1,145.83 3133EK4X1 1234 101 FFCB 1,000,000.00 996,900.00 996,900.00 1.600 1.575 1,333.33 0.00 0.00 1,333.33 804375DL4 1235 101 SAUKVL 248,000.00 248,000.00 248,000.00 1.700 1.700 358.07 0.00 0.00 358.07 61760A3B3 1236 101 MSPRIV 245,000.00 245,000.00 245,000.00 1.900 1.900 395.36 0.00 0.00 395.36 61690UNX4 1237 101 MORGST 245,000.00 245,000.00 245,000.00 1.950 1.950 405.76 0.00 0.00 405.76 538036GV0 1238 101 LIVEOK 248,000.00 248,000.00 248,000.00 1.800 1.800 379.13 0.00 0.00 379.13 49228XAK6 1239 101 KERNCU 248,000.00 248,000.00 248,000.00 1.900 1.900 400.20 0.00 0.00 400.20 79772FAC0 1240 101 SF FCU 248,000.00 248,000.00 248,000.00 1.850 1.850 389.67 0.00 0.00 389.67 912828YV6 1241 101 USTR 1,000,000.00 989,687.50 989,687.50 1.500 1.520 1,277.47 0.00 0.00 1,277.47 3133ELEA8 1242 101 FFCB 1,000,000.00 998,600.00 998,600.00 1.700 1.670 1,416.67 0.00 0.00 1,416.67 949495AT2 1244 101 WFNBW 248,000.00 248,000.00 248,000.00 1.900 1.900 400.20 0.00 0.00 400.20 3133ELNE0 1246 101 FFCB 1,000,000.00 999,000.00 999,000.00 1.430 1.404 1,191.67 0.00 0.00 1,191.67 3133EGWJ0 1247 101 FFCB 1,000,000.00 999,217.36 999,217.36 1.400 1.375 1,166.66 0.00 0.00 1,166.66 35637RDC8 1248 101 FRDMFI 248,000.00 248,000.00 248,000.00 1.550 1.550 326.48 0.00 0.00 326.48 90983WBT7 1249 101 UNTDCM 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 32114VBT3 1250 101 1STNMI 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:01 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
126 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 4 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
January 1, 2022 - January 31, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
77579ADF0 1251 101 RLLSTN 245,000.00 245,000.00 245,000.00 1.650 1.650 343.33 0.00 0.00 343.33 17286TAG0 1252 101 CITADL 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 87164DRD4 1253 101 SYNOVS 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 81768PAF3 1254 101 SERVIS 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 029728BC5 1255 101 AMERST 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 00435JBH5 1256 101 ACCSS 248,000.00 248,000.00 248,000.00 1.600 1.600 337.01 0.00 0.00 337.01 849430BF9 1257 101 SPRING 248,000.00 248,000.00 248,000.00 1.500 1.500 315.95 0.00 0.00 315.95 05465DAE8 1258 101 AXOS 248,000.00 248,000.00 248,000.00 1.650 1.650 347.54 0.00 0.00 347.54 12738RFX7 1259 101 CADNCE 245,000.00 245,000.00 245,000.00 1.200 1.200 249.70 0.00 0.00 249.70 882213AB7 1260 101 TEXAS 245,000.00 245,000.00 245,000.00 1.100 1.100 228.89 0.00 0.00 228.89 06424KBC3 1261 101 SNTCLR 248,000.00 248,000.00 248,000.00 1.100 1.100 231.69 0.00 0.00 231.69 89579NCD3 1262 101 TRIAD 248,000.00 248,000.00 248,000.00 1.350 1.350 284.35 0.00 0.00 284.35 66704MEQ0 1263 101 NRTHSR 248,000.00 248,000.00 248,000.00 1.150 1.150 242.22 0.00 0.00 242.22 07833EAD9 1264 101 BELLCO 248,000.00 248,000.00 248,000.00 1.300 1.300 273.82 0.00 0.00 273.82 954444BS3 1265 101 WESTMI 248,000.00 248,000.00 248,000.00 1.150 1.150 242.22 0.00 0.00 242.22 654062JZ2 1266 101 NCOLET 248,000.00 248,000.00 248,000.00 1.400 1.400 294.88 0.00 0.00 294.88 020080BX4 1267 101 ALMABK 248,000.00 248,000.00 248,000.00 1.400 1.400 294.88 0.00 0.00 294.88 2027506M2 1268 101 CMWBUS 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 69506YRH4 1269 101 PACWST 245,000.00 245,000.00 245,000.00 1.300 1.300 270.50 0.00 0.00 270.50 08016PDQ9 1270 101 BELB&T 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 14042TDD6 1271 101 CAPONE 245,000.00 245,000.00 245,000.00 1.600 1.600 332.93 0.00 0.00 332.93 472382AQ3 1272 101 THEJEF 248,000.00 248,000.00 248,000.00 1.250 1.250 263.29 0.00 0.00 263.29 32027BAL1 1273 101 1STFDM 249,000.00 249,000.00 249,000.00 1.200 1.200 253.78 0.00 0.00 253.78 32112UDR9 1274 101 1STMCG 248,000.00 248,000.00 248,000.00 1.350 1.350 284.35 0.00 0.00 284.35 33847E3A3 1276 101 FLGSTR 248,000.00 248,000.00 248,000.00 1.250 1.250 263.28 0.00 0.00 263.28 95960NKD8 1277 101 WSTRNS 245,000.00 245,000.00 245,000.00 1.000 1.000 208.09 0.00 0.00 208.09 32056GDJ6 1278 101 1STINT 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 3134GVYG7 1279 101 FHLMC 1,000,000.00 1,000,000.00 1,000,000.00 0.625 0.613 520.83 0.00 0.00 520.83 3133ELH23 1280 101 FFCB 500,000.00 499,850.00 499,850.00 0.500 0.491 208.33 0.00 0.00 208.33 3130AJKW8 1281 101 FHLB 500,000.00 499,850.00 499,850.00 0.500 0.491 208.33 0.00 0.00 208.33 3133ELH80 1282 101 FFCB 500,000.00 500,000.00 500,000.00 0.680 0.667 283.34 0.00 0.00 283.34 3130AJRP6 1283 101 FHLB 300,000.00 300,000.00 300,000.00 0.680 0.667 170.00 0.00 0.00 170.00 169894AS1 1284 101 CHIPVA 248,000.00 248,000.00 248,000.00 0.600 0.600 126.38 0.00 0.00 126.38 02616AAH2 1285 101 AMR1ST 248,000.00 248,000.00 248,000.00 0.350 0.350 73.72 0.00 0.00 73.72 84223QAN7 1286 101 STHRNB 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 064520BG3 1287 101 BKPRNC 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 3135G05S8 1288 101 FNMA 500,000.00 500,000.00 500,000.00 0.500 0.491 208.33 0.00 0.00 208.33 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:01 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
127 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 5 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
January 1, 2022 - January 31, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
3136G4N74 1289 101 FNMA 1,000,000.00 1,000,000.00 1,000,000.00 0.560 0.549 466.67 0.00 0.00 466.67 3136G4M75 1290 101 FNMA 500,000.00 499,750.00 499,750.00 0.520 0.510 216.66 0.00 0.00 216.66 3135G06E8 1291 101 FNMA 500,000.00 499,250.00 499,250.00 0.420 0.413 175.00 0.00 0.00 175.00 3135GA2Z3 1292 101 FNMA 500,000.00 499,250.00 499,250.00 0.560 0.550 233.34 0.00 0.00 233.34 SYS1293 1293 101 BNY 2,958,648.14 4,073,116.39 2,958,648.14 0.00 0.00 0.00 0.00 3137EAEU9 1297 101 FHLMC 1,000,000.00 997,300.00 997,300.00 0.375 0.369 312.50 0.00 0.00 312.50 3130AKFA9 1298 101 FHLB 500,000.00 497,400.00 497,400.00 0.375 0.370 156.25 0.00 0.00 156.25 3135GA7D7 1299 101 FNMA 500,000.00 500,000.00 500,000.00 0.600 0.589 250.00 0.00 0.00 250.00 3135GAAW1 1300 101 FNMA 500,000.00 500,000.00 500,000.00 0.400 0.392 166.66 0.00 0.00 166.66 3134GXGZ1 1301 101 FHLMC 500,000.00 500,000.00 500,000.00 0.550 0.540 229.17 0.00 0.00 229.17 3130AKMZ6 1302 101 FHLB 500,000.00 500,000.00 500,000.00 0.510 0.500 212.50 0.00 0.00 212.50 91282CBC4 1303 101 USTR 500,000.00 498,632.81 498,632.81 0.375 0.379 160.57 0.00 0.00 160.57 3130AKN28 1304 101 FHLB 500,000.00 500,000.00 500,000.00 0.550 0.540 229.17 0.00 0.00 229.17 51507LCC6 1305 101 LNDMRK 248,000.00 248,000.00 248,000.00 0.500 0.500 105.32 0.00 0.00 105.32 87270LDL4 1306 101 EVRBA 245,000.00 245,000.00 245,000.00 0.500 0.500 104.04 0.00 0.00 104.04 3137EAEX3 1307 101 FHLMC 500,000.00 495,999.50 495,999.50 0.375 0.371 156.25 0.00 0.00 156.25 45950VPS9 1308 101 IFC 500,000.00 497,300.00 497,300.00 0.500 0.499 210.59 0.00 0.00 210.59 91282CBH3 1309 101 USTR 500,000.00 495,100.00 495,100.00 0.375 0.376 158.03 0.00 0.00 158.03 3137EAEX3 1310 101 FHLMC 1,000,000.00 983,940.00 983,940.00 0.375 0.374 312.50 0.00 0.00 312.50 91282CAT8 1311 101 USTR 1,000,000.00 977,500.00 977,500.00 0.250 0.258 214.09 0.00 0.00 214.09 3130ALV92 1312 101 FHLB 500,000.00 500,000.00 500,000.00 0.500 0.491 208.34 0.00 0.00 208.34 39573LBC1 1313 101 GRNST 249,000.00 249,000.00 249,000.00 0.950 0.950 200.91 0.00 0.00 200.91 89235MKY6 1314 101 TOYFSB 245,000.00 245,000.00 245,000.00 0.900 0.900 187.27 0.00 0.00 187.27 91282CAZ4 1315 101 USTR 500,000.00 492,187.50 492,187.50 0.375 0.382 159.68 0.00 0.00 159.68 14622LAA0 1316 101 CARTER 248,000.00 248,000.00 248,000.00 0.750 0.750 157.97 0.00 0.00 157.97 31617CAV5 1317 101 FIDHMS 248,000.00 248,000.00 248,000.00 0.700 0.700 147.44 0.00 0.00 147.44 SYS1318 1318 101 DPME 460,056.07 440,079.22 460,056.07 0.00 0.00 0.00 0.00 91282CBQ3 1319 101 USTR 500,000.00 494,165.00 494,165.00 0.500 0.510 214.09 0.00 0.00 214.09 91282CBT7 1320 101 USTR 500,000.00 499,525.00 499,525.00 0.750 0.753 319.37 0.00 0.00 319.37 91282CCF6 1321 101 USTR 1,000,000.00 997,060.00 997,060.00 0.750 0.754 638.74 0.00 0.00 638.74 91282CBT7 1322 101 USTR 500,000.00 498,450.00 498,450.00 0.750 0.754 319.37 0.00 0.00 319.37 91282CCF6 1323 101 USTR 500,000.00 497,095.00 497,095.00 0.750 0.756 319.37 0.00 0.00 319.37 3130AMFS6 1324 101 FHLB 1,000,000.00 993,420.00 993,420.00 0.750 0.741 625.00 0.00 0.00 625.00 92559TAJ7 1325 101 VIBRNT 249,000.00 248,377.50 248,377.50 0.800 0.802 169.18 0.00 0.00 169.18 38149MXK4 1326 101 GLDMAN 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 795451AF0 1327 101 SALMAE 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 89388CEY0 1328 101 TABBK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:01 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
128 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 6 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
January 1, 2022 - January 31, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
06417NZQ9 1329 101 BKOZK 248,000.00 248,000.00 248,000.00 0.400 0.400 84.25 0.00 0.00 84.25 3133EM2C5 1330 101 FFCB 500,000.00 498,000.00 498,000.00 0.710 0.699 295.83 0.00 0.00 295.83 70962LAF9 1331 101 PENTGN 249,000.00 249,000.00 249,000.00 0.700 0.700 148.04 0.00 0.00 148.04 87165ET98 1332 101 SYNCHR 245,000.00 245,000.00 245,000.00 0.900 0.900 187.28 0.00 0.00 187.28 05580AD50 1333 101 BMW 245,000.00 245,000.00 245,000.00 0.650 0.650 135.26 0.00 0.00 135.26 20786ADL6 1334 101 CONNEC 248,000.00 248,000.00 248,000.00 0.800 0.800 168.50 0.00 0.00 168.50 91282CCP4 1335 101 USTR 1,000,000.00 983,750.00 983,750.00 0.625 0.630 526.78 0.00 0.00 526.78 91282CCW9 1336 101 USTR 1,000,000.00 988,500.00 988,500.00 0.750 0.765 642.27 0.00 0.00 642.27 3130APBM6 1337 101 FHLB 1,000,000.00 999,000.00 999,000.00 1.000 0.982 833.33 0.00 0.00 833.33 3133EM4X7 1338 101 FFCB 1,000,000.00 991,080.00 991,080.00 0.800 0.792 666.66 0.00 0.00 666.66 3130APB46 1339 101 FHLB 1,000,000.00 998,250.00 998,250.00 0.950 0.934 791.67 0.00 0.00 791.67 3133EMX64 1340 101 FFCB 500,000.00 499,002.04 499,002.04 0.170 0.167 70.83 0.00 0.00 70.83 91282CCN9 1341 101 USTR 500,000.00 497,792.97 497,792.97 0.125 0.125 52.68 0.00 0.00 52.68 91282CBE0 1342 101 USTR 1,000,000.00 991,000.00 991,000.00 0.125 0.126 106.25 0.00 0.00 106.25 91282CDB4 1343 101 USTR 1,000,000.00 996,320.00 996,320.00 0.625 0.629 532.28 0.00 0.00 532.28 3133ENCQ1 1344 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 1.270 1.246 1,058.33 0.00 0.00 1,058.33 59013KPN0 1345 101 MRRCK 249,000.00 249,000.00 249,000.00 1.100 1.100 232.63 0.00 0.00 232.63 14042RQB0 1346 101 CAP1NA 248,000.00 248,000.00 248,000.00 1.100 1.100 231.69 0.00 0.00 231.69 3130APTV7 1347 101 FHLB 500,000.00 499,500.00 499,500.00 0.700 0.688 291.67 0.00 0.00 291.67 3133ENBT6 1348 101 FFCB 1,000,000.00 998,530.00 998,530.00 0.180 0.177 150.00 0.00 0.00 150.00 91282CBU4 1349 101 USTR 1,000,000.00 996,718.75 996,718.75 0.125 0.126 106.45 0.00 0.00 106.45 91282CCD1 1350 101 USTR 1,000,000.00 995,468.75 995,468.75 0.125 0.126 106.46 0.00 0.00 106.46 91282CBA8 1351 101 USTR 1,000,000.00 990,000.00 990,000.00 0.125 0.127 106.46 0.00 0.00 106.46 91282CBR1 1352 101 USTR 1,000,000.00 989,800.00 989,800.00 0.250 0.255 214.08 0.00 0.00 214.08 3130AP2U8 1353 101 FHLB 1,000,000.00 987,100.00 987,100.00 0.550 0.547 458.34 0.00 0.00 458.34 3135G06G3 1354 101 FNMA 1,000,000.00 976,300.00 976,300.00 0.500 0.503 416.67 0.00 0.00 416.67 3133ENGN4 1355 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 0.970 0.952 808.33 0.00 0.00 808.33 501798RP9 1356 101 LCA 248,000.00 248,000.00 248,000.00 1.000 1.000 210.63 0.00 0.00 210.63 20825WAR1 1357 101 CNNXS 249,000.00 249,000.00 249,000.00 1.250 1.250 264.35 0.00 0.00 264.35 3130AQF65 1358 101 FHLB 1,000,000.00 999,750.00 999,750.00 1.250 1.227 1,041.67 0.00 0.00 1,041.67 3134GW6C5 1359 101 FHLMC 500,000.00 0.00 486,000.00 0.800 0.804 288.89 0.00 0.00 288.89 91282CBV2 1360 101 USTR 500,000.00 0.00 494,882.81 0.375 0.380 139.08 0.00 0.00 139.08 3137EAEU9 1361 101 FHLMC 500,000.00 0.00 487,090.00 0.375 0.376 135.41 0.00 0.00 135.41 3134GW5R3 1362 101 FHLMC 400,000.00 0.00 391,360.00 0.650 0.649 187.78 0.00 0.00 187.78 307811DF3 1363 101 FARMER 249,000.00 0.00 249,000.00 0.900 0.900 104.37 0.00 0.00 104.37 3130AQJR5 1364 101 FHLB 1,000,000.00 0.00 1,000,000.00 1.500 1.217 166.67 0.00 0.00 166.67 3135G03U5 1365 101 FNMA 500,000.00 0.00 487,790.00 0.625 0.487 26.05 0.00 0.00 26.05 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:01 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
129 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 7 ends

Page 1 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
February 28, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Bank Accounts
SYS1293 1293 Bank of New York 09/01/2020 2,782,436.00 2,782,436.00 2,782,436.00 1 1 0.000 059731851 1228 Bank of the West 08/20/2019 9,083,370.71 9,083,370.71 9,083,370.71 1 1 0.000 SYS1059 1059 City Petty Cash 07/01/2016 3,300.00 3,300.00 3,300.00 1 1 0.000 SYS1318 1318 Dune Palms Mobile Estates 03/09/2021 489,738.51 489,738.51 489,738.51 1 1 0.000 SYS1062 1062 La Quinta Palms Realty 07/01/2016 400,576.35 400,576.35 400,576.35 1 1 0.000 Subtotal and Average 16,043,685.18 12,759,421.57 12,759,421.57 12,759,421.57 1 1 0.000 Local Agency Investment Fund-City
98-33-434 1055 Local Agency Inv Fund 72,559,362.45 72,564,915.63 72,559,362.45 0.278 1 1 0.278 Subtotal and Average 72,559,362.45 72,559,362.45 72,564,915.63 72,559,362.45 1 1 0.278 Local Agency Invstmnt Fund-Housing
25-33-005 1113 Local Agency Inv Fund 10,601,873.42 10,602,751.30 10,601,873.42 0.278 1 1 0.278 Subtotal and Average 10,601,873.42 10,601,873.42 10,602,751.30 10,601,873.42 1 1 0.278 Money Market/Mutual Funds
X9USDDTP3 1294 Dreyfus 07/01/2021 0.00 0.00 0.00 1 1 0.000 Subtotal and Average 0.00 0.00 0.00 0.00 0 0 0.000
Money Market Accounts - CAMP
SYS1153 1153 California Asset Management Pr 09/26/2018 855,708.24 855,708.24 855,708.24 0.060 1 1 0.060 Subtotal and Average 855,669.19 855,708.24 855,708.24 855,708.24 1 1 0.060 Federal Agency Coupon Securities
3135G0W33 1233 Federal National Mtg Assn 10/29/2019 1,000,000.00 1,003,700.00 992,100.00 1.375 1,043 189 1.659 09/06/2022 3133EGWJ0 1247 Federal Farm Credit Bank 02/05/2020 1,000,000.00 1,003,620.00 999,217.36 1.400 967 212 1.430 09/29/2022 3133EKQP4 1198 Federal Farm Credit Bank 06/20/2019 500,000.00 503,450.00 499,500.00 1.875 1,271 286 1.905 12/12/2022 3133ENBT6 1348 Federal Farm Credit Bank 12/07/2021 1,000,000.00 994,710.00 998,530.00 0.180 414 330 0.310 01/25/2023 3133EMX64 1340 Federal Farm Credit Bank 10/22/2021 500,000.00 495,345.00 499,002.04 0.170 553 423 0.302 04/28/2023 3133EKZK5 1223 Federal Farm Credit Bank 09/12/2019 500,000.00 503,165.00 499,400.00 1.600 1,432 531 1.632 08/14/2023 3133EJYL7 1158 Federal Farm Credit Bank 10/15/2018 250,000.00 255,985.00 247,275.00 2.800 1,786 553 3.041 09/05/2023 3133EK4X1 1234 Federal Farm Credit Bank 11/01/2019 1,000,000.00 1,002,930.00 996,900.00 1.600 1,461 610 1.680 11/01/2023 3130AFW94 1177 Federal Home Loan Bank 03/01/2019 500,000.00 510,300.00 498,550.00 2.500 1,810 714 2.563 02/13/2024 3133ELNE0 1246 Federal Farm Credit Bank 02/14/2020 1,000,000.00 999,740.00 999,000.00 1.430 1,461 715 1.456 02/14/2024 3135G0V75 1206 Federal National Mtg Assn 07/15/2019 500,000.00 501,950.00 495,950.00 1.750 1,814 854 1.922 07/02/2024 Portfolio CITY
CP
Run Date: 05/24/2022 - 12:02 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
132 CLICK HERE to Return to Agenda
Days to
Maturity

Page 2 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
February 28, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Federal Agency Coupon Securities
3133EKWV4 1212 Federal Farm Credit Bank 08/02/2019 500,000.00 503,700.00 499,500.00 1.850 1,820 878 1.871 07/26/2024 3133EKP75 1224 Federal Farm Credit Bank 09/17/2019 500,000.00 499,740.00 498,750.00 1.600 1,827 931 1.652 09/17/2024 3133ELEA8 1242 Federal Farm Credit Bank 12/17/2019 1,000,000.00 1,003,510.00 998,600.00 1.700 1,736 931 1.731 09/17/2024 3135G06E8 1291 Federal National Mtg Assn 11/18/2020 500,000.00 483,960.00 499,250.00 0.420 1,461 993 0.458 11/18/2024 3133ENGN4 1355 Federal Farm Credit Bank 12/09/2021 1,000,000.00 979,450.00 1,000,000.00 0.970 1,096 1,014 0.970 12/09/2024 3135GAAW1 1300 Federal National Mtg Assn 12/30/2020 500,000.00 484,400.00 500,000.00 0.400 1,461 1,035 0.400 12/30/2024 3130AP2U8 1353 Federal Home Loan Bank 12/07/2021 1,000,000.00 968,650.00 987,100.00 0.550 1,127 1,043 0.976 01/07/2025 3130AQWY5 1374 Federal Home Loan Bank 02/25/2022 1,000,000.00 1,000,050.00 1,000,000.00 1.700 1,095 1,091 1.700 02/24/2025 3135G03U5 1365 Federal National Mtg Assn 01/28/2022 500,000.00 484,100.00 487,790.00 0.625 1,180 1,148 1.400 04/22/2025 3134GVYG7 1279 Federal Home Loan Mtg Corp 05/27/2020 1,000,000.00 969,000.00 1,000,000.00 0.625 1,826 1,183 0.625 05/27/2025 3133ELH23 1280 Federal Farm Credit Bank 06/09/2020 500,000.00 482,200.00 499,850.00 0.500 1,826 1,196 0.506 06/09/2025 3133ELH80 1282 Federal Farm Credit Bank 06/10/2020 500,000.00 481,255.00 500,000.00 0.680 1,826 1,197 0.680 06/10/2025 3130AJKW8 1281 Federal Home Loan Bank 06/03/2020 500,000.00 481,205.00 499,850.00 0.500 1,836 1,200 0.506 06/13/2025 3130AJRP6 1283 Federal Home Loan Bank 06/30/2020 300,000.00 289,116.00 300,000.00 0.680 1,826 1,217 0.680 06/30/2025 3137EAEU9 1297 Federal Home Loan Mtg Corp 12/07/2020 1,000,000.00 956,640.00 997,300.00 0.375 1,687 1,238 0.434 07/21/2025 3137EAEU9 1361 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 478,320.00 487,090.00 0.375 1,293 1,238 1.120 07/21/2025 3135G05S8 1288 Federal National Mtg Assn 08/14/2020 500,000.00 478,010.00 500,000.00 0.500 1,826 1,262 0.500 08/14/2025 3136G4M75 1290 Federal National Mtg Assn 08/28/2020 500,000.00 479,670.00 499,750.00 0.520 1,816 1,266 0.530 08/18/2025 3136G4N74 1289 Federal National Mtg Assn 08/21/2020 1,000,000.00 958,850.00 1,000,000.00 0.560 1,826 1,269 0.560 08/21/2025 3137EAEX3 1307 Federal Home Loan Mtg Corp 02/23/2021 500,000.00 476,470.00 495,999.50 0.375 1,673 1,302 0.552 09/23/2025 3137EAEX3 1310 Federal Home Loan Mtg Corp 03/30/2021 1,000,000.00 952,940.00 983,940.00 0.375 1,638 1,302 0.740 09/23/2025 3134GW5R3 1362 Federal Home Loan Mtg Corp 01/05/2022 400,000.00 383,532.00 391,360.00 0.650 1,391 1,336 1.232 10/27/2025 3135G06G3 1354 Federal National Mtg Assn 12/07/2021 1,000,000.00 954,930.00 976,300.00 0.500 1,431 1,347 1.120 11/07/2025 3135GA2Z3 1292 Federal National Mtg Assn 11/17/2020 500,000.00 477,655.00 499,250.00 0.560 1,826 1,357 0.590 11/17/2025 3130AKFA9 1298 Federal Home Loan Bank 12/07/2020 500,000.00 474,845.00 497,400.00 0.375 1,831 1,382 0.480 12/12/2025 3135GA7D7 1299 Federal National Mtg Assn 12/23/2020 500,000.00 479,910.00 500,000.00 0.600 1,826 1,393 0.600 12/23/2025 3134GXGZ1 1301 Federal Home Loan Mtg Corp 12/30/2020 500,000.00 481,295.00 500,000.00 0.550 1,826 1,400 0.550 12/30/2025 3130AKMZ6 1302 Federal Home Loan Bank 01/14/2021 500,000.00 479,480.00 500,000.00 0.510 1,826 1,415 0.510 01/14/2026 3130AKN28 1304 Federal Home Loan Bank 01/29/2021 500,000.00 479,890.00 500,000.00 0.550 1,826 1,430 0.550 01/29/2026 3130ALV92 1312 Federal Home Loan Bank 03/30/2021 500,000.00 489,535.00 500,000.00 0.500 1,826 1,490 0.938 03/30/2026 3130AMFS6 1324 Federal Home Loan Bank 06/17/2021 1,000,000.00 956,600.00 993,420.00 0.750 1,821 1,564 0.885 06/12/2026 3133EM2C5 1330 Federal Farm Credit Bank 08/10/2021 500,000.00 478,425.00 498,000.00 0.710 1,826 1,623 0.792 08/10/2026 3133EM4X7 1338 Federal Farm Credit Bank 09/28/2021 1,000,000.00 957,700.00 991,080.00 0.800 1,808 1,654 0.985 09/10/2026 3130APBM6 1337 Federal Home Loan Bank 09/30/2021 1,000,000.00 967,730.00 999,000.00 1.000 1,826 1,674 1.021 09/30/2026 3130APB46 1339 Federal Home Loan Bank 10/13/2021 1,000,000.00 964,850.00 998,250.00 0.950 1,826 1,687 0.986 10/13/2026 3134GW6C5 1359 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 478,470.00 486,000.00 0.800 1,757 1,702 1.403 10/28/2026 Portfolio CITY
CP
Run Date: 05/24/2022 - 12:02 PM (PRF_PM2) 7.3.0
133 CLICK HERE to Return to Agenda
Days to
Maturity

Page 3 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
February 28, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Federal Agency Coupon Securities
3133ENCQ1 1344 Federal Farm Credit Bank 11/02/2021 1,000,000.00 976,370.00 1,000,000.00 1.270 1,826 1,707 1.270 11/02/2026 3130APTV7 1347 Federal Home Loan Bank 11/24/2021 500,000.00 492,950.00 499,500.00 0.700 1,826 1,729 1.489 11/24/2026 3130AQF65 1358 Federal Home Loan Bank 12/22/2021 1,000,000.00 976,540.00 999,750.00 1.250 1,825 1,756 1.255 12/21/2026 3134GWUQ7 1366 Federal Home Loan Mtg Corp 02/10/2022 1,000,000.00 950,740.00 945,570.00 0.700 1,784 1,765 1.870 12/30/2026 3130AQJR5 1364 Federal Home Loan Bank 01/27/2022 1,000,000.00 985,170.00 1,000,000.00 1.500 1,826 1,793 1.500 01/27/2027 3130AQSA2 1367 Federal Home Loan Bank 02/10/2022 1,000,000.00 999,800.00 1,000,000.00 1.830 1,826 1,807 1.830 02/10/2027 Subtotal and Average 35,752,569.26 37,450,000.00 36,552,548.00 37,235,073.90 1,581 1,190 1.111 Treasury Coupon Securities
912828SV3 1192 U.S. Treasury 05/31/2019 500,000.00 501,385.00 496,650.00 1.750 1,080 75 1.984 05/15/2022 9128282W9 1178 U.S. Treasury 03/01/2019 500,000.00 503,280.00 489,687.50 1.875 1,309 213 2.480 09/30/2022 91282CBU4 1349 U.S. Treasury 12/07/2021 1,000,000.00 989,220.00 996,718.75 0.125 479 395 0.376 03/31/2023 91282CCD1 1350 U.S. Treasury 12/07/2021 1,000,000.00 986,760.00 995,468.75 0.125 540 456 0.432 05/31/2023 91282CCN9 1341 U.S. Treasury 10/22/2021 500,000.00 491,955.00 497,792.97 0.125 647 517 0.375 07/31/2023 912828T26 1217 U.S. Treasury 08/21/2019 500,000.00 500,370.00 499,300.00 1.375 1,501 578 1.410 09/30/2023 91282CBA8 1351 U.S. Treasury 12/07/2021 1,000,000.00 977,500.00 990,000.00 0.125 738 654 0.623 12/15/2023 91282CBE0 1342 U.S. Treasury 10/22/2021 1,000,000.00 975,940.00 991,000.00 0.125 815 685 0.531 01/15/2024 91282CBR1 1352 U.S. Treasury 12/07/2021 1,000,000.00 975,550.00 989,800.00 0.250 829 745 0.704 03/15/2024 91282CBV2 1360 U.S. Treasury 01/05/2022 500,000.00 488,400.00 494,882.81 0.375 831 776 0.830 04/15/2024 91282CDB4 1343 U.S. Treasury 10/22/2021 1,000,000.00 975,590.00 996,320.00 0.625 1,089 959 0.750 10/15/2024 912828YV6 1241 U.S. Treasury 12/16/2019 1,000,000.00 997,420.00 989,687.50 1.500 1,811 1,005 1.718 11/30/2024 91282CAT8 1311 U.S. Treasury 03/30/2021 1,000,000.00 948,590.00 977,500.00 0.250 1,676 1,340 0.750 10/31/2025 91282CAZ4 1315 U.S. Treasury 04/22/2021 500,000.00 475,820.00 492,187.50 0.375 1,683 1,370 0.720 11/30/2025 91282CBC4 1303 U.S. Treasury 01/07/2021 500,000.00 475,410.00 498,632.81 0.375 1,819 1,401 0.431 12/31/2025 91282CBH3 1309 U.S. Treasury 02/23/2021 500,000.00 474,630.00 495,100.00 0.375 1,803 1,432 0.577 01/31/2026 91282CBQ3 1319 U.S. Treasury 05/28/2021 500,000.00 476,445.00 494,165.00 0.500 1,737 1,460 0.750 02/28/2026 91282CBT7 1320 U.S. Treasury 05/28/2021 500,000.00 480,840.00 499,525.00 0.750 1,768 1,491 0.770 03/31/2026 91282CBT7 1322 U.S. Treasury 06/17/2021 500,000.00 480,840.00 498,450.00 0.750 1,748 1,491 0.816 03/31/2026 91282CCF6 1321 U.S. Treasury 06/01/2021 1,000,000.00 959,840.00 997,060.00 0.750 1,825 1,552 0.810 05/31/2026 91282CCF6 1323 U.S. Treasury 06/17/2021 500,000.00 479,920.00 497,095.00 0.750 1,809 1,552 0.870 05/31/2026 91282CCP4 1335 U.S. Treasury 09/29/2021 1,000,000.00 952,810.00 983,750.00 0.625 1,766 1,613 0.970 07/31/2026 91282CCW9 1336 U.S. Treasury 09/29/2021 1,000,000.00 957,620.00 988,500.00 0.750 1,797 1,644 0.990 08/31/2026 912828Z78 1369 U.S. Treasury 02/10/2022 1,000,000.00 988,980.00 986,700.00 1.500 1,816 1,797 1.781 01/31/2027 Subtotal and Average 17,518,820.02 18,000,000.00 17,515,115.00 17,835,973.59 1,335 1,056 0.912 Portfolio CITY
CP
Run Date: 05/24/2022 - 12:02 PM (PRF_PM2) 7.3.0
134 CLICK HERE to Return to Agenda
Days to
Maturity

Page 4 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
February 28, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Certificate of Deposits
549104JN8 1225 Luana Savings Bank 09/18/2019 245,000.00 245,170.07 245,000.00 1.600 912 17 1.599 03/18/2022 07833EAD9 1264 Bellco Credit Union 03/31/2020 248,000.00 248,183.87 248,000.00 1.300 729 29 1.300 03/30/2022 12738RFX7 1259 Cadence Bank, NA 03/31/2020 245,000.00 245,166.17 245,000.00 1.200 730 30 1.200 03/31/2022 06424KBC3 1261 Bank of Santa Clarita 03/31/2020 248,000.00 248,147.30 248,000.00 1.100 730 30 1.100 03/31/2022 30960QAG2 1126 Farmers Insurance Group FCU 04/30/2018 240,000.00 240,907.40 240,000.00 2.800 1,460 59 2.802 04/29/2022 50116CBE8 1101 Kansas State Bank 11/17/2017 245,000.00 245,896.54 245,000.00 2.100 1,642 77 2.099 05/17/2022 69324MAD7 1149 PCSB Bank 06/08/2018 245,000.00 246,679.33 245,000.00 3.000 1,461 99 3.002 06/08/2022 87164DRD4 1253 Synovus Bank 03/09/2020 245,000.00 245,733.07 245,000.00 1.600 822 100 1.602 06/09/2022 01748DBE5 1143 Allegiance Bank 06/13/2018 245,000.00 246,831.14 245,000.00 3.100 1,461 104 3.102 06/13/2022 03065AAL7 1200 America's Credit Union 06/28/2019 248,000.00 249,370.44 248,000.00 2.300 1,096 119 2.302 06/28/2022 89269CBX9 1148 Traditions Bank 06/08/2018 245,000.00 247,482.36 245,000.00 3.000 1,522 160 3.002 08/08/2022 12556LBA3 1219 CIT Bank NA 08/23/2019 245,000.00 246,396.19 245,000.00 1.900 1,096 175 1.902 08/23/2022 02587CFU9 1096 American Express Fed Savings B 08/29/2017 240,000.00 241,820.28 240,000.00 2.400 1,826 181 2.402 08/29/2022 85916VDC6 1201 Sterling Bank 06/28/2019 245,000.00 246,549.94 245,000.00 2.150 1,158 181 2.153 08/29/2022 01859BAA3 1095 Alliance Credit Union 10/13/2017 245,000.00 247,084.16 245,000.00 2.250 1,826 226 2.251 10/13/2022 06740KLJ4 1097 Barclays Bank 10/25/2017 240,000.00 242,228.28 240,000.00 2.300 1,826 238 2.291 10/25/2022 62384RAC0 1099 Mountain America Federal CU 11/08/2017 245,000.00 247,286.40 245,000.00 2.300 1,826 252 2.301 11/08/2022 22766ACB9 1106 CrossFirst Bank 11/20/2017 245,000.00 247,198.17 245,000.00 2.200 1,824 262 2.201 11/18/2022 29367QCP1 1107 Enterprise Bank, NA 11/28/2017 245,000.00 247,053.28 245,000.00 2.150 1,826 272 2.151 11/28/2022 58404DCX7 1169 Medallion Bank 12/07/2018 248,000.00 252,564.00 248,000.00 3.400 1,461 281 3.402 12/07/2022 75701LAB3 1166 Red Rocks Credit Union 12/07/2018 248,000.00 252,467.31 248,000.00 3.350 1,461 281 3.352 12/07/2022 499724AB8 1110 Knoxville TVA Credit Union 12/29/2017 245,000.00 247,458.54 245,000.00 2.400 1,826 303 2.401 12/29/2022 49228XAK6 1239 Kern FCU 12/30/2019 248,000.00 249,452.11 248,000.00 1.900 1,096 304 1.902 12/30/2022 79772FAC0 1240 San Francisco FCU 12/30/2019 248,000.00 249,347.64 248,000.00 1.850 1,096 304 1.852 12/30/2022 949495AT2 1244 Wells Fargo Natl Bank West 01/29/2020 248,000.00 249,407.33 248,000.00 1.900 1,097 335 1.900 01/30/2023 81768PAF3 1254 Servisfirst Bank 02/21/2020 248,000.00 248,967.81 248,000.00 1.600 1,096 357 1.601 02/21/2023 92535LCD4 1180 Verus Bank of Commerce 02/28/2019 248,000.00 251,525.41 248,000.00 2.700 1,461 364 2.700 02/28/2023 034577AH9 1119 Aneca Federal Credit Union 03/22/2018 245,000.00 248,940.28 245,000.00 2.800 1,826 386 2.802 03/22/2023 66704MEQ0 1263 Northstar Bank 03/31/2020 248,000.00 247,472.25 248,000.00 1.150 1,095 395 1.150 03/31/2023 954444BS3 1265 West Michigan Cmnty Bk 03/31/2020 248,000.00 247,472.25 248,000.00 1.150 1,095 395 1.150 03/31/2023 17312QJ26 1123 Citibank NA 04/11/2018 245,000.00 249,337.53 245,000.00 2.900 1,826 406 2.902 04/11/2023 20726ABA5 1189 Congressional Bank 04/30/2019 248,000.00 251,345.17 248,000.00 2.500 1,459 423 2.502 04/28/2023 29278TAY6 1125 EnerBank USA 04/30/2018 240,000.00 244,498.53 240,000.00 2.950 1,824 423 2.952 04/28/2023 32117BCX4 1179 First National Bank 03/05/2019 248,000.00 252,282.98 248,000.00 2.800 1,522 430 2.802 05/05/2023 725404AB3 1194 Pittsfield Cooperative Bank 06/07/2019 245,000.00 248,511.27 245,000.00 2.500 1,461 463 2.502 06/07/2023 619165JD6 1173 Morton Community 03/20/2019 248,000.00 252,481.25 248,000.00 2.750 1,553 476 2.753 06/20/2023 Portfolio CITY
CP
Run Date: 05/24/2022 - 12:02 PM (PRF_PM2) 7.3.0
135 CLICK HERE to Return to Agenda
Days to
Maturity

Page 5 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
February 28, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Certificate of Deposits
74934YAH4 1144 RCB Bank 06/20/2018 245,000.00 250,713.06 245,000.00 3.150 1,826 476 3.152 06/20/2023 02616AAH2 1285 American First CU 06/26/2020 248,000.00 244,629.22 248,000.00 0.350 1,095 482 0.350 06/26/2023 02772JBD1 1205 American National Bank 07/19/2019 248,000.00 250,062.80 248,000.00 2.000 1,461 505 2.001 07/19/2023 32110YLK9 1147 First National Bank of America 07/20/2018 245,000.00 250,968.58 245,000.00 3.150 1,826 506 3.152 07/20/2023 06426KAN8 1151 Bank of New England 07/31/2018 249,000.00 255,346.09 249,000.00 3.250 1,826 517 3.252 07/31/2023 75472RAD3 1218 Raymond James Bank 08/23/2019 244,000.00 245,879.27 244,000.00 1.950 1,461 540 1.951 08/23/2023 89579NCD3 1262 Triad Bank 03/30/2020 248,000.00 247,347.42 248,000.00 1.350 1,278 577 1.352 09/29/2023 57116ARV2 1155 Cache Valley BK F/K/A Marlin 10/17/2018 248,000.00 255,348.21 248,000.00 3.300 1,826 595 3.302 10/17/2023 625925AR3 1160 Municipal Trust and Savings 10/17/2018 245,000.00 251,858.91 245,000.00 3.200 1,826 595 3.202 10/17/2023 90348JEJ5 1161 UBS Bank USA 10/17/2018 245,000.00 252,459.52 245,000.00 3.350 1,826 595 3.352 10/17/2023 474067AQ8 1154 Jefferson Financial CU 10/19/2018 245,000.00 252,456.73 245,000.00 3.350 1,826 597 3.352 10/19/2023 20143PDV9 1162 Commercial Bank 11/15/2018 248,000.00 256,000.65 248,000.00 3.400 1,826 624 3.402 11/15/2023 67054NAN3 1164 Numerica Credit Union 11/28/2018 248,000.00 256,691.47 248,000.00 3.550 1,826 637 3.552 11/28/2023 635573AL2 1170 National Cooperative Bank, N.A 12/21/2018 245,000.00 253,194.65 245,000.00 3.400 1,826 660 3.402 12/21/2023 066851WJ1 1172 Bar Harbor Bank and Trust 12/31/2018 248,000.00 255,936.54 248,000.00 3.350 1,824 668 3.352 12/29/2023 51210SQU4 1208 Lakeside Bank 07/30/2019 248,000.00 249,755.05 248,000.00 2.000 1,644 699 2.003 01/29/2024 77579ADF0 1251 Rollstone B&T 02/12/2020 245,000.00 245,232.14 245,000.00 1.650 1,461 713 1.651 02/12/2024 66736ABP3 1181 Northwest Bank 02/13/2019 248,000.00 254,535.55 248,000.00 2.950 1,826 714 2.951 02/13/2024 949763XY7 1174 Wells Fargo 02/27/2019 248,000.00 254,908.49 248,000.00 3.000 1,826 728 3.001 02/27/2024 882213AB7 1260 Texas Bank Financial 03/31/2020 245,000.00 242,257.65 245,000.00 1.100 1,458 758 1.101 03/28/2024 472382AQ3 1272 The Jefferson Bank 04/15/2020 248,000.00 245,939.82 248,000.00 1.250 1,461 776 1.251 04/15/2024 08016PDQ9 1270 Belmont Bank and Trust 04/16/2020 248,000.00 245,937.21 248,000.00 1.250 1,461 777 1.251 04/16/2024 69506YRH4 1269 Pacific Western Bank 04/16/2020 245,000.00 243,225.32 245,000.00 1.300 1,461 777 1.301 04/16/2024 56065GAG3 1188 Main Street Bank 04/26/2019 248,000.00 253,104.59 248,000.00 2.600 1,827 787 2.603 04/26/2024 33640VDD7 1231 First Service Bank 11/15/2019 248,000.00 248,256.23 248,000.00 1.700 1,643 806 1.701 05/15/2024 48128HXU7 1185 JP Morgan Chase 05/16/2019 245,000.00 253,602.44 245,000.00 3.250 1,827 807 3.254 05/16/2024 46256YAZ2 1186 Iowa State Bank 05/23/2019 245,000.00 249,044.87 245,000.00 2.400 1,827 814 2.403 05/23/2024 538036GV0 1238 Live Oak Bank 11/27/2019 248,000.00 248,747.80 248,000.00 1.800 1,644 819 1.802 05/28/2024 156634AK3 1184 Century Next Bank 05/29/2019 248,000.00 252,569.25 248,000.00 2.500 1,827 820 2.503 05/29/2024 72651LCL6 1195 Plains Commerce Bank 06/07/2019 245,000.00 249,878.60 245,000.00 2.550 1,827 829 2.553 06/07/2024 299547AQ2 1196 Evansville Teachers Credit FCU 06/12/2019 248,000.00 253,272.03 248,000.00 2.600 1,827 834 2.603 06/12/2024 524661CB9 1197 Legacy Bank 06/19/2019 248,000.00 252,178.39 248,000.00 2.400 1,827 841 2.403 06/19/2024 176688CP2 1199 Citizens State Bank 06/21/2019 248,000.00 252,188.13 248,000.00 2.400 1,827 843 2.403 06/21/2024 20416TAQ5 1202 Communitywide FCU 06/28/2019 248,000.00 251,296.97 248,000.00 2.250 1,827 850 2.253 06/28/2024 761402BY1 1203 Revere Bank 06/28/2019 247,000.00 250,552.65 247,000.00 2.300 1,827 850 2.303 06/28/2024 00257TBD7 1207 Abacus Federal Savings 07/26/2019 248,000.00 249,624.51 248,000.00 1.950 1,827 878 1.952 07/26/2024 Portfolio CITY
CP
Run Date: 05/24/2022 - 12:02 PM (PRF_PM2) 7.3.0
136 CLICK HERE to Return to Agenda
Days to
Maturity

Page 6 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
February 28, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Certificate of Deposits
33625CCP2 1209 First Security Bank of WA 07/30/2019 248,000.00 249,786.09 248,000.00 2.000 1,827 882 2.002 07/30/2024 710571DS6 1210 People's Bank 07/31/2019 248,000.00 249,788.07 248,000.00 2.000 1,827 883 2.002 07/31/2024 740367HP5 1213 Preferred Bank 08/16/2019 249,000.00 250,900.35 249,000.00 2.000 1,827 899 2.002 08/16/2024 33766LAJ7 1216 FirsTier Bank 08/23/2019 249,000.00 250,607.98 249,000.00 1.950 1,827 906 1.952 08/23/2024 938828BH2 1215 Washington Federal 08/23/2019 248,000.00 249,907.17 248,000.00 2.000 1,827 906 2.002 08/23/2024 336460CX6 1222 First State Bk DeQueen 08/30/2019 248,000.00 248,548.00 248,000.00 1.800 1,827 913 1.802 08/30/2024 334342CD2 1221 First Natl Bk of Syracuse 08/30/2019 249,000.00 249,859.31 249,000.00 1.850 1,827 913 1.852 08/30/2024 15118RRH2 1220 Celtic Bank 08/30/2019 248,000.00 248,855.86 248,000.00 1.850 1,827 913 1.852 08/30/2024 05580AD50 1333 BMW Bank 09/10/2021 245,000.00 238,558.94 245,000.00 0.650 1,096 924 0.651 09/10/2024 06652CHB0 1227 BankWest Inc 09/27/2019 248,000.00 247,999.99 248,000.00 1.700 1,827 941 1.702 09/27/2024 84223QAN7 1286 Southern Bancorp Bk 06/26/2020 248,000.00 240,097.09 248,000.00 0.500 1,582 969 0.500 10/25/2024 804375DL4 1235 Sauk Valley B&T Co 11/07/2019 248,000.00 247,847.88 248,000.00 1.700 1,827 982 1.702 11/07/2024 61690UNX4 1237 Morgan Stanley Bank 11/20/2019 245,000.00 246,491.36 245,000.00 1.950 1,827 995 1.952 11/20/2024 61760A3B3 1236 Morgan Stanley Private Bk, NA 11/20/2019 245,000.00 246,161.87 245,000.00 1.900 1,827 995 1.902 11/20/2024 064520BG3 1287 Bank Princeton 06/30/2020 248,000.00 239,251.47 248,000.00 0.500 1,644 1,035 0.500 12/30/2024 89388CEY0 1328 Transportation Alliance Bk TAB 07/23/2021 248,000.00 238,426.43 248,000.00 0.400 1,280 1,059 0.401 01/23/2025 06417NZQ9 1329 Bank OZK 07/29/2021 248,000.00 238,212.58 248,000.00 0.400 1,280 1,065 0.401 01/29/2025 90983WBT7 1249 United Community 02/07/2020 248,000.00 247,221.31 248,000.00 1.650 1,827 1,074 1.652 02/07/2025 32114VBT3 1250 First National Bank Michigan 02/14/2020 248,000.00 247,216.34 248,000.00 1.650 1,827 1,081 1.652 02/14/2025 35637RDC8 1248 Freedom Financial 02/14/2020 248,000.00 246,490.85 248,000.00 1.550 1,827 1,081 1.552 02/14/2025 029728BC5 1255 American State 02/21/2020 248,000.00 246,846.40 248,000.00 1.600 1,827 1,088 1.602 02/21/2025 17286TAG0 1252 Citadel FCU 02/27/2020 248,000.00 247,207.28 248,000.00 1.650 1,827 1,094 1.652 02/27/2025 00435JBH5 1256 Access Bank 03/13/2020 248,000.00 246,744.23 248,000.00 1.600 1,826 1,108 1.601 03/13/2025 849430BF9 1257 Spring Bank 03/20/2020 248,000.00 245,988.99 248,000.00 1.500 1,826 1,115 1.501 03/20/2025 05465DAE8 1258 Axos Bank 03/26/2020 248,000.00 247,105.72 248,000.00 1.650 1,826 1,121 1.651 03/26/2025 020080BX4 1267 Alma Bank 03/30/2020 248,000.00 245,192.35 248,000.00 1.400 1,824 1,123 1.399 03/28/2025 2027506M2 1268 Commonwealth Business Bk 03/31/2020 248,000.00 244,030.60 248,000.00 1.250 1,826 1,126 1.251 03/31/2025 654062JZ2 1266 Nicolet Natl Bank 03/31/2020 248,000.00 245,162.56 248,000.00 1.400 1,826 1,126 1.401 03/31/2025 14042TDD6 1271 Capital One USA FDIC33954 04/08/2020 245,000.00 243,702.87 245,000.00 1.600 1,826 1,134 1.601 04/08/2025 32112UDR9 1274 First Natl Bk McGregor 04/28/2020 248,000.00 244,707.62 248,000.00 1.350 1,826 1,154 1.351 04/28/2025 32027BAL1 1273 First Freedom Bank 04/29/2020 249,000.00 244,503.54 249,000.00 1.200 1,826 1,155 1.201 04/29/2025 33847E3A3 1276 Flagstar 04/30/2020 248,000.00 243,916.04 248,000.00 1.250 1,826 1,156 1.251 04/30/2025 32056GDJ6 1278 1st Internet Bank 05/11/2020 248,000.00 241,931.91 248,000.00 1.000 1,827 1,168 0.985 05/12/2025 95960NKD8 1277 Western State Bank 05/13/2020 245,000.00 239,018.54 245,000.00 1.000 1,826 1,169 1.001 05/13/2025 169894AS1 1284 Chippewa Valley Bk 06/24/2020 248,000.00 238,452.05 248,000.00 0.600 1,826 1,211 0.600 06/24/2025 307811DF3 1363 Farmers & Merch 01/14/2022 249,000.00 241,705.87 249,000.00 0.900 1,277 1,231 0.900 07/14/2025 Portfolio CITY
CP
Run Date: 05/24/2022 - 12:02 PM (PRF_PM2) 7.3.0
137 CLICK HERE to Return to Agenda
Days to
Maturity

Page 7 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
February 28, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Certificate of Deposits
70962LAF9 1331 Pentagon FCU 09/01/2021 249,000.00 239,643.24 249,000.00 0.700 1,462 1,281 0.687 09/02/2025 51507LCC6 1305 Landmark Community Bank 01/22/2021 248,000.00 235,672.04 248,000.00 0.500 1,826 1,423 0.500 01/22/2026 87270LDL4 1306 TIAA FKA EverBank 02/12/2021 245,000.00 232,655.46 245,000.00 0.500 1,826 1,444 0.500 02/12/2026 39573LBC1 1313 Greenstate FCU 04/16/2021 249,000.00 240,348.09 249,000.00 0.950 1,826 1,507 0.951 04/16/2026 89235MKY6 1314 Toyota Financial Savings Bank 04/22/2021 245,000.00 235,988.92 245,000.00 0.900 1,826 1,513 0.900 04/22/2026 14622LAA0 1316 Carter FCU 04/27/2021 248,000.00 237,309.07 248,000.00 0.750 1,826 1,518 0.750 04/27/2026 31617CAV5 1317 Fidelity Homestead 04/30/2021 248,000.00 236,745.09 248,000.00 0.700 1,826 1,521 0.711 04/30/2026 501798RP9 1356 LCA Bank Corp 12/27/2021 248,000.00 239,502.19 248,000.00 1.000 1,642 1,578 1.000 06/26/2026 92559TAJ7 1325 Vibrant Credit Union 07/02/2021 249,000.00 238,285.34 248,377.50 0.800 1,824 1,582 0.852 06/30/2026 38149MXK4 1326 Goldman Sachs 07/28/2021 248,000.00 239,307.02 248,000.00 1.000 1,826 1,610 1.001 07/28/2026 795451AF0 1327 Sallie Mae Bank Salt Lake CIty 07/28/2021 248,000.00 239,307.02 248,000.00 1.000 1,826 1,610 1.001 07/28/2026 87165ET98 1332 Synchrony Bank Retail 09/03/2021 245,000.00 235,132.73 245,000.00 0.900 1,826 1,647 0.900 09/03/2026 20786ADL6 1334 Connect One 09/24/2021 248,000.00 236,751.12 248,000.00 0.800 1,826 1,668 0.800 09/24/2026 59013KPN0 1345 Merrick Bank 11/09/2021 249,000.00 240,769.23 249,000.00 1.100 1,826 1,714 1.101 11/09/2026 14042RQB0 1346 Capital One Natl Assn FDIC4297 11/17/2021 248,000.00 239,792.00 248,000.00 1.100 1,826 1,722 1.101 11/17/2026 20825WAR1 1357 Connexus CU 12/23/2021 249,000.00 242,300.56 249,000.00 1.250 1,826 1,758 1.250 12/23/2026 89786MAF1 1368 True Sky FCU 02/04/2022 245,000.00 242,314.37 245,000.00 1.600 1,826 1,801 1.601 02/04/2027 02357QAQ0 1372 Amerant Bank 02/14/2022 245,000.00 242,298.33 245,000.00 1.600 1,828 1,813 1.601 02/16/2027 07371AYE7 1370 Beal Bank TX 02/23/2022 245,000.00 245,821.79 245,000.00 1.900 1,820 1,814 1.901 02/17/2027 07371CE88 1371 Beal Bank USA 02/23/2022 245,000.00 245,821.79 245,000.00 1.900 1,820 1,814 1.901 02/17/2027 59161YAP1 1373 Metro Credit Union 02/18/2022 249,000.00 247,441.26 249,000.00 1.700 1,826 1,815 1.701 02/18/2027 Subtotal and Average 31,406,341.79 31,844,000.00 31,805,369.03 31,843,377.50 1,644 824 1.878 Corporate Notes
931142DU4 1190 Wal-Mart Stores, Inc 04/16/2019 500,000.00 505,290.00 496,650.00 2.350 1,339 289 2.799 12/15/2022 19416QEA4 1175 Colgate-Palmolive 03/04/2019 500,000.00 503,255.00 485,250.00 1.950 1,430 337 2.751 02/01/2023 594918BQ6 1157 Microsoft Corporation 10/15/2018 400,000.00 403,836.00 378,360.00 2.000 1,758 525 3.222 08/08/2023 45950VPS9 1308 International Finance Corp. 02/26/2021 500,000.00 474,965.00 497,300.00 0.500 1,826 1,458 0.610 02/26/2026 Subtotal and Average 1,944,693.93 1,900,000.00 1,887,346.00 1,857,560.00 1,578 663 2.287 Money Market with Fiscal Agent
SYS1058 1058 US Bank 07/01/2016 1,783,176.11 1,783,176.11 1,783,176.11 1 1 0.000 Subtotal and Average 65,071.03 1,783,176.11 1,783,176.11 1,783,176.11 1 1 0.000 Portfolio CITY
CP
Run Date: 05/24/2022 - 12:02 PM (PRF_PM2) 7.3.0
138 CLICK HERE to Return to Agenda
Days to
Maturity

Page 8 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
February 28, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
CERBT - OPEB Trust
SYS1114 1114 CalPERS CERBT Plan 07/01/2021 2,127,071.17 2,127,071.17 2,127,071.17 1 1 0.000 Subtotal and Average 2,127,071.17 2,127,071.17 2,127,071.17 2,127,071.17 1 1 0.000 PARS Pension Trust
SYS1230 1230 Pblc Agncy Rtrmnt Serv 11,051,178.35 11,051,178.35 11,051,178.35 1 1 0.000 Subtotal and Average 11,206,957.82 11,051,178.35 11,051,178.35 11,051,178.35 1 1 0.000 Total and Average 200,082,115.24 200,931,791.31 199,504,600.40 200,509,776.30 689 452 0.722 Portfolio CITY
CP
Run Date: 05/24/2022 - 12:02 PM (PRF_PM2) 7.3.0
139 CLICK HERE to Return to Agenda
City of La Quinta
Total Earnings
City of La Quinta
-
Sorted by Fund - Fund
February 1, 2022 - February 28, 2022
Current
Rate
Ending
Par Value
Ending
Fund Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Annualized Adjusted Interest
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
98-33-434 1055 101 LAIF 72,559,362.45 72,559,362.45 72,559,362.45 0.278 0.320 17,790.39 0.00 0.00 17,790.39 SYS1059 1059 101 CITYPC 3,300.00 3,300.00 3,300.00 0.00 0.00 0.00 0.00 2546722U1 1066 101 DISCOV 0.00 240,000.00 0.00 2.250 0.00 0.00 0.00 0.00 01859BAA3 1095 101 ALLIAN 245,000.00 245,000.00 245,000.00 2.250 2.250 422.88 0.00 0.00 422.88 02587CFU9 1096 101 AMFSB 240,000.00 240,000.00 240,000.00 2.400 2.400 441.86 0.00 0.00 441.86 06740KLJ4 1097 101 BARCLY 240,000.00 240,000.00 240,000.00 2.300 2.300 423.45 0.00 0.00 423.45 62384RAC0 1099 101 MTNAMR 245,000.00 245,000.00 245,000.00 2.300 2.300 432.27 0.00 0.00 432.27 50116CBE8 1101 101 KANSAS 245,000.00 245,000.00 245,000.00 2.100 2.100 394.68 0.00 0.00 394.68 22766ACB9 1106 101 CRS1ST 245,000.00 245,000.00 245,000.00 2.200 2.200 413.48 0.00 0.00 413.48 29367QCP1 1107 101 ENTRPR 245,000.00 245,000.00 245,000.00 2.150 2.150 404.09 0.00 0.00 404.09 499724AB8 1110 101 KNOX 245,000.00 245,000.00 245,000.00 2.400 2.400 451.07 0.00 0.00 451.07 SYS1114 1114 101 CALPRS 2,127,071.17 2,127,071.17 2,127,071.17 0.00 0.00 0.00 0.00 034577AH9 1119 101 ANECA 245,000.00 245,000.00 245,000.00 2.800 2.800 526.24 0.00 0.00 526.24 17312QJ26 1123 101 CITINA 245,000.00 245,000.00 245,000.00 2.900 2.900 545.04 0.00 0.00 545.04 29278TAY6 1125 101 ENER 240,000.00 240,000.00 240,000.00 2.950 2.950 543.12 0.00 0.00 543.12 30960QAG2 1126 101 FARMIG 240,000.00 240,000.00 240,000.00 2.800 2.800 515.51 0.00 0.00 515.51 01748DBE5 1143 101 ALLGNC 245,000.00 245,000.00 245,000.00 3.100 3.100 582.63 0.00 0.00 582.63 74934YAH4 1144 101 RCB 245,000.00 245,000.00 245,000.00 3.150 3.150 592.03 0.00 0.00 592.03 32110YLK9 1147 101 1STNBA 245,000.00 245,000.00 245,000.00 3.150 3.150 592.03 0.00 0.00 592.03 89269CBX9 1148 101 TRAD 245,000.00 245,000.00 245,000.00 3.000 3.000 563.84 0.00 0.00 563.84 69324MAD7 1149 101 PCSB 245,000.00 245,000.00 245,000.00 3.000 3.000 563.84 0.00 0.00 563.84 06426KAN8 1151 101 NWENGL 249,000.00 249,000.00 249,000.00 3.250 3.250 620.79 0.00 0.00 620.79 SYS1153 1153 101 CAMP 855,708.24 855,667.74 855,708.24 0.060 0.062 40.50 0.00 0.00 40.50 474067AQ8 1154 101 JEFF 245,000.00 245,000.00 245,000.00 3.350 3.350 629.62 0.00 0.00 629.62 57116ARV2 1155 101 MARBUS 248,000.00 248,000.00 248,000.00 3.300 3.300 627.81 0.00 0.00 627.81 594918BQ6 1157 101 MCRSFT 400,000.00 378,360.00 378,360.00 2.000 2.297 666.67 0.00 0.00 666.67 3133EJYL7 1158 101 FFCB 250,000.00 247,275.00 247,275.00 2.800 3.075 583.33 0.00 0.00 583.33 742718DY2 1159 101 P&G 0.00 487,950.00 0.00 2.300 182.664 159.72 0.00 12,050.00 12,209.72 625925AR3 1160 101 MUNTRS 245,000.00 245,000.00 245,000.00 3.200 3.200 601.42 0.00 0.00 601.42 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:03 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
140 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 2 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
February 1, 2022 - February 28, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
90348JEJ5 1161 101 UBS 245,000.00 245,000.00 245,000.00 3.350 3.350 629.62 0.00 0.00 629.62 20143PDV9 1162 101 COMMBK 248,000.00 248,000.00 248,000.00 3.400 3.400 646.84 0.00 0.00 646.84 67054NAN3 1164 101 NMRCA 248,000.00 248,000.00 248,000.00 3.550 3.550 675.38 0.00 0.00 675.38 75701LAB3 1166 101 REDRCK 248,000.00 248,000.00 248,000.00 3.350 3.350 637.33 0.00 0.00 637.33 58404DCX7 1169 101 MEDBA 248,000.00 248,000.00 248,000.00 3.400 3.400 646.84 0.00 0.00 646.84 635573AL2 1170 101 NLCOOP 245,000.00 245,000.00 245,000.00 3.400 3.400 639.01 0.00 0.00 639.01 560507AK1 1171 101 MAINE 0.00 248,000.00 0.00 3.300 3.300 627.81 0.00 0.00 627.81 066851WJ1 1172 101 BARHAR 248,000.00 248,000.00 248,000.00 3.350 3.350 637.33 0.00 0.00 637.33 619165JD6 1173 101 MORTN 248,000.00 248,000.00 248,000.00 2.750 2.750 523.18 0.00 0.00 523.18 949763XY7 1174 101 WELLS 248,000.00 248,000.00 248,000.00 3.000 3.000 570.74 0.00 0.00 570.74 19416QEA4 1175 101 COLGTE 500,000.00 485,250.00 485,250.00 1.950 2.183 812.50 0.00 0.00 812.50 3130AFW94 1177 101 FHLB 500,000.00 498,550.00 498,550.00 2.500 2.724 1,041.67 0.00 0.00 1,041.67 9128282W9 1178 101 USTR 500,000.00 489,687.50 489,687.50 1.875 1.920 721.16 0.00 0.00 721.16 32117BCX4 1179 101 1STNBK 248,000.00 248,000.00 248,000.00 2.800 2.800 532.69 0.00 0.00 532.69 92535LCD4 1180 101 VERUS 248,000.00 248,000.00 248,000.00 2.700 2.700 513.66 0.00 0.00 513.66 66736ABP3 1181 101 NRTHWS 248,000.00 248,000.00 248,000.00 2.950 2.950 561.23 0.00 0.00 561.23 156634AK3 1184 101 CENTNX 248,000.00 248,000.00 248,000.00 2.500 2.500 475.62 0.00 0.00 475.62 48128HXU7 1185 101 JPMORG 245,000.00 245,000.00 245,000.00 3.250 3.250 610.82 0.00 0.00 610.82 46256YAZ2 1186 101 IOWAST 245,000.00 245,000.00 245,000.00 2.400 2.400 451.07 0.00 0.00 451.07 56065GAG3 1188 101 MAINST 248,000.00 248,000.00 248,000.00 2.600 2.600 494.64 0.00 0.00 494.64 20726ABA5 1189 101 CONGRS 248,000.00 248,000.00 248,000.00 2.500 2.500 475.61 0.00 0.00 475.61 931142DU4 1190 101 WALMRT 500,000.00 496,650.00 496,650.00 2.350 2.570 979.17 0.00 0.00 979.17 912828SV3 1192 101 USTR 500,000.00 496,650.00 496,650.00 1.750 1.776 676.79 0.00 0.00 676.79 725404AB3 1194 101 PITTS 245,000.00 245,000.00 245,000.00 2.500 2.500 469.86 0.00 0.00 469.86 72651LCL6 1195 101 PLAINS 245,000.00 245,000.00 245,000.00 2.550 2.550 479.26 0.00 0.00 479.26 299547AQ2 1196 101 EVNSCU 248,000.00 248,000.00 248,000.00 2.600 2.600 494.64 0.00 0.00 494.64 524661CB9 1197 101 LEGCY 248,000.00 248,000.00 248,000.00 2.400 2.400 456.59 0.00 0.00 456.59 3133EKQP4 1198 101 FFCB 500,000.00 499,500.00 499,500.00 1.875 2.039 781.25 0.00 0.00 781.25 176688CP2 1199 101 CTZNST 248,000.00 248,000.00 248,000.00 2.400 2.400 456.59 0.00 0.00 456.59 03065AAL7 1200 101 AMERCU 248,000.00 248,000.00 248,000.00 2.300 2.300 437.57 0.00 0.00 437.57 85916VDC6 1201 101 STRLNG 245,000.00 245,000.00 245,000.00 2.150 2.150 404.08 0.00 0.00 404.08 20416TAQ5 1202 101 COMMW 248,000.00 248,000.00 248,000.00 2.250 2.250 428.05 0.00 0.00 428.05 761402BY1 1203 101 REVER 247,000.00 247,000.00 247,000.00 2.300 2.300 435.81 0.00 0.00 435.81 02772JBD1 1205 101 AMRNTL 248,000.00 248,000.00 248,000.00 2.000 2.000 380.49 0.00 0.00 380.49 3135G0V75 1206 101 FNMA 500,000.00 495,950.00 495,950.00 1.750 1.917 729.17 0.00 0.00 729.17 00257TBD7 1207 101 ABACUS 248,000.00 248,000.00 248,000.00 1.950 1.950 370.98 0.00 0.00 370.98 51210SQU4 1208 101 LKSIDE 248,000.00 248,000.00 248,000.00 2.000 2.000 380.49 0.00 0.00 380.49 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:03 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
141 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 3 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
February 1, 2022 - February 28, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
33625CCP2 1209 101 1STSEC 248,000.00 248,000.00 248,000.00 2.000 2.000 380.49 0.00 0.00 380.49 710571DS6 1210 101 PEOPLE 248,000.00 248,000.00 248,000.00 2.000 2.000 380.49 0.00 0.00 380.49 3133EKWV4 1212 101 FFCB 500,000.00 499,500.00 499,500.00 1.850 2.012 770.84 0.00 0.00 770.84 740367HP5 1213 101 PREFRD 249,000.00 249,000.00 249,000.00 2.000 2.000 382.03 0.00 0.00 382.03 938828BH2 1215 101 WSHFED 248,000.00 248,000.00 248,000.00 2.000 2.000 380.49 0.00 0.00 380.49 33766LAJ7 1216 101 1STIER 249,000.00 249,000.00 249,000.00 1.950 1.950 372.47 0.00 0.00 372.47 912828T26 1217 101 USTR 500,000.00 499,300.00 499,300.00 1.375 1.381 528.85 0.00 0.00 528.85 75472RAD3 1218 101 RAYJAM 244,000.00 244,000.00 244,000.00 1.950 1.950 364.99 0.00 0.00 364.99 12556LBA3 1219 101 CITBNK 245,000.00 245,000.00 245,000.00 1.900 1.900 357.10 0.00 0.00 357.10 15118RRH2 1220 101 CELTIC 248,000.00 248,000.00 248,000.00 1.850 1.850 351.96 0.00 0.00 351.96 334342CD2 1221 101 1STNBS 249,000.00 249,000.00 249,000.00 1.850 1.850 353.38 0.00 0.00 353.38 336460CX6 1222 101 1STDQN 248,000.00 248,000.00 248,000.00 1.800 1.800 342.44 0.00 0.00 342.44 3133EKZK5 1223 101 FFCB 500,000.00 499,400.00 499,400.00 1.600 1.740 666.67 0.00 0.00 666.67 3133EKP75 1224 101 FFCB 500,000.00 498,750.00 498,750.00 1.600 1.742 666.66 0.00 0.00 666.66 549104JN8 1225 101 LUANA 245,000.00 245,000.00 245,000.00 1.600 1.600 300.71 0.00 0.00 300.71 06652CHB0 1227 101 BNKWST 248,000.00 248,000.00 248,000.00 1.700 1.700 323.42 0.00 0.00 323.42 059731851 1228 101 BOTW 9,083,370.71 11,363,330.42 9,083,370.71 0.01 0.00 0.00 0.01 SYS1230 1230 101 PARS 11,051,178.35 11,212,727.43 11,051,178.35 0.00 0.00 0.00 0.00 33640VDD7 1231 101 1STSER 248,000.00 248,000.00 248,000.00 1.700 1.700 323.42 0.00 0.00 323.42 3135G0W33 1233 101 FNMA 1,000,000.00 992,100.00 992,100.00 1.375 1.506 1,145.84 0.00 0.00 1,145.84 3133EK4X1 1234 101 FFCB 1,000,000.00 996,900.00 996,900.00 1.600 1.743 1,333.33 0.00 0.00 1,333.33 804375DL4 1235 101 SAUKVL 248,000.00 248,000.00 248,000.00 1.700 1.700 323.41 0.00 0.00 323.41 61760A3B3 1236 101 MSPRIV 245,000.00 245,000.00 245,000.00 1.900 1.900 357.10 0.00 0.00 357.10 61690UNX4 1237 101 MORGST 245,000.00 245,000.00 245,000.00 1.950 1.950 366.50 0.00 0.00 366.50 538036GV0 1238 101 LIVEOK 248,000.00 248,000.00 248,000.00 1.800 1.800 342.44 0.00 0.00 342.44 49228XAK6 1239 101 KERNCU 248,000.00 248,000.00 248,000.00 1.900 1.900 361.47 0.00 0.00 361.47 79772FAC0 1240 101 SF FCU 248,000.00 248,000.00 248,000.00 1.850 1.850 351.96 0.00 0.00 351.96 912828YV6 1241 101 USTR 1,000,000.00 989,687.50 989,687.50 1.500 1.520 1,153.85 0.00 0.00 1,153.85 3133ELEA8 1242 101 FFCB 1,000,000.00 998,600.00 998,600.00 1.700 1.849 1,416.66 0.00 0.00 1,416.66 949495AT2 1244 101 WFNBW 248,000.00 248,000.00 248,000.00 1.900 1.900 361.47 0.00 0.00 361.47 3133ELNE0 1246 101 FFCB 1,000,000.00 999,000.00 999,000.00 1.430 1.555 1,191.67 0.00 0.00 1,191.67 3133EGWJ0 1247 101 FFCB 1,000,000.00 999,217.36 999,217.36 1.400 1.522 1,166.67 0.00 0.00 1,166.67 35637RDC8 1248 101 FRDMFI 248,000.00 248,000.00 248,000.00 1.550 1.550 294.88 0.00 0.00 294.88 90983WBT7 1249 101 UNTDCM 248,000.00 248,000.00 248,000.00 1.650 1.650 313.91 0.00 0.00 313.91 32114VBT3 1250 101 1STNMI 248,000.00 248,000.00 248,000.00 1.650 1.650 313.91 0.00 0.00 313.91 77579ADF0 1251 101 RLLSTN 245,000.00 245,000.00 245,000.00 1.650 1.650 310.11 0.00 0.00 310.11 17286TAG0 1252 101 CITADL 248,000.00 248,000.00 248,000.00 1.650 1.650 313.91 0.00 0.00 313.91 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:03 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
142 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 4 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
February 1, 2022 - February 28, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
87164DRD4 1253 101 SYNOVS 245,000.00 245,000.00 245,000.00 1.600 1.600 300.71 0.00 0.00 300.71 81768PAF3 1254 101 SERVIS 248,000.00 248,000.00 248,000.00 1.600 1.600 304.40 0.00 0.00 304.40 029728BC5 1255 101 AMERST 248,000.00 248,000.00 248,000.00 1.600 1.600 304.40 0.00 0.00 304.40 00435JBH5 1256 101 ACCSS 248,000.00 248,000.00 248,000.00 1.600 1.600 304.40 0.00 0.00 304.40 849430BF9 1257 101 SPRING 248,000.00 248,000.00 248,000.00 1.500 1.500 285.37 0.00 0.00 285.37 05465DAE8 1258 101 AXOS 248,000.00 248,000.00 248,000.00 1.650 1.650 313.91 0.00 0.00 313.91 12738RFX7 1259 101 CADNCE 245,000.00 245,000.00 245,000.00 1.200 1.200 225.54 0.00 0.00 225.54 882213AB7 1260 101 TEXAS 245,000.00 245,000.00 245,000.00 1.100 1.100 206.74 0.00 0.00 206.74 06424KBC3 1261 101 SNTCLR 248,000.00 248,000.00 248,000.00 1.100 1.100 209.27 0.00 0.00 209.27 89579NCD3 1262 101 TRIAD 248,000.00 248,000.00 248,000.00 1.350 1.350 256.84 0.00 0.00 256.84 66704MEQ0 1263 101 NRTHSR 248,000.00 248,000.00 248,000.00 1.150 1.150 218.78 0.00 0.00 218.78 07833EAD9 1264 101 BELLCO 248,000.00 248,000.00 248,000.00 1.300 1.300 247.32 0.00 0.00 247.32 954444BS3 1265 101 WESTMI 248,000.00 248,000.00 248,000.00 1.150 1.150 218.78 0.00 0.00 218.78 654062JZ2 1266 101 NCOLET 248,000.00 248,000.00 248,000.00 1.400 1.400 266.35 0.00 0.00 266.35 020080BX4 1267 101 ALMABK 248,000.00 248,000.00 248,000.00 1.400 1.400 266.35 0.00 0.00 266.35 2027506M2 1268 101 CMWBUS 248,000.00 248,000.00 248,000.00 1.250 1.250 237.81 0.00 0.00 237.81 69506YRH4 1269 101 PACWST 245,000.00 245,000.00 245,000.00 1.300 1.300 244.33 0.00 0.00 244.33 08016PDQ9 1270 101 BELB&T 248,000.00 248,000.00 248,000.00 1.250 1.250 237.81 0.00 0.00 237.81 14042TDD6 1271 101 CAPONE 245,000.00 245,000.00 245,000.00 1.600 1.600 300.71 0.00 0.00 300.71 472382AQ3 1272 101 THEJEF 248,000.00 248,000.00 248,000.00 1.250 1.250 237.81 0.00 0.00 237.81 32027BAL1 1273 101 1STFDM 249,000.00 249,000.00 249,000.00 1.200 1.200 229.22 0.00 0.00 229.22 32112UDR9 1274 101 1STMCG 248,000.00 248,000.00 248,000.00 1.350 1.350 256.83 0.00 0.00 256.83 33847E3A3 1276 101 FLGSTR 248,000.00 248,000.00 248,000.00 1.250 1.250 237.81 0.00 0.00 237.81 95960NKD8 1277 101 WSTRNS 245,000.00 245,000.00 245,000.00 1.000 1.000 187.94 0.00 0.00 187.94 32056GDJ6 1278 101 1STINT 248,000.00 248,000.00 248,000.00 1.000 1.000 190.25 0.00 0.00 190.25 3134GVYG7 1279 101 FHLMC 1,000,000.00 1,000,000.00 1,000,000.00 0.625 0.679 520.83 0.00 0.00 520.83 3133ELH23 1280 101 FFCB 500,000.00 499,850.00 499,850.00 0.500 0.543 208.33 0.00 0.00 208.33 3130AJKW8 1281 101 FHLB 500,000.00 499,850.00 499,850.00 0.500 0.543 208.34 0.00 0.00 208.34 3133ELH80 1282 101 FFCB 500,000.00 500,000.00 500,000.00 0.680 0.739 283.33 0.00 0.00 283.33 3130AJRP6 1283 101 FHLB 300,000.00 300,000.00 300,000.00 0.680 0.739 170.00 0.00 0.00 170.00 169894AS1 1284 101 CHIPVA 248,000.00 248,000.00 248,000.00 0.600 0.600 114.15 0.00 0.00 114.15 02616AAH2 1285 101 AMR1ST 248,000.00 248,000.00 248,000.00 0.350 0.350 66.59 0.00 0.00 66.59 84223QAN7 1286 101 STHRNB 248,000.00 248,000.00 248,000.00 0.500 0.500 95.12 0.00 0.00 95.12 064520BG3 1287 101 BKPRNC 248,000.00 248,000.00 248,000.00 0.500 0.500 95.12 0.00 0.00 95.12 3135G05S8 1288 101 FNMA 500,000.00 500,000.00 500,000.00 0.500 0.543 208.34 0.00 0.00 208.34 3136G4N74 1289 101 FNMA 1,000,000.00 1,000,000.00 1,000,000.00 0.560 0.608 466.67 0.00 0.00 466.67 3136G4M75 1290 101 FNMA 500,000.00 499,750.00 499,750.00 0.520 0.565 216.67 0.00 0.00 216.67 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:03 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
143 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 5 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
February 1, 2022 - February 28, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
3135G06E8 1291 101 FNMA 500,000.00 499,250.00 499,250.00 0.420 0.457 175.00 0.00 0.00 175.00 3135GA2Z3 1292 101 FNMA 500,000.00 499,250.00 499,250.00 0.560 0.609 233.33 0.00 0.00 233.33 SYS1293 1293 101 BNY 2,782,436.00 2,958,648.14 2,782,436.00 0.00 0.00 0.00 0.00 3137EAEU9 1297 101 FHLMC 1,000,000.00 997,300.00 997,300.00 0.375 0.408 312.50 0.00 0.00 312.50 3130AKFA9 1298 101 FHLB 500,000.00 497,400.00 497,400.00 0.375 0.409 156.25 0.00 0.00 156.25 3135GA7D7 1299 101 FNMA 500,000.00 500,000.00 500,000.00 0.600 0.652 250.00 0.00 0.00 250.00 3135GAAW1 1300 101 FNMA 500,000.00 500,000.00 500,000.00 0.400 0.435 166.67 0.00 0.00 166.67 3134GXGZ1 1301 101 FHLMC 500,000.00 500,000.00 500,000.00 0.550 0.597 229.16 0.00 0.00 229.16 3130AKMZ6 1302 101 FHLB 500,000.00 500,000.00 500,000.00 0.510 0.554 212.50 0.00 0.00 212.50 91282CBC4 1303 101 USTR 500,000.00 498,632.81 498,632.81 0.375 0.379 145.02 0.00 0.00 145.02 3130AKN28 1304 101 FHLB 500,000.00 500,000.00 500,000.00 0.550 0.597 229.16 0.00 0.00 229.16 51507LCC6 1305 101 LNDMRK 248,000.00 248,000.00 248,000.00 0.500 0.500 95.12 0.00 0.00 95.12 87270LDL4 1306 101 EVRBA 245,000.00 245,000.00 245,000.00 0.500 0.500 93.98 0.00 0.00 93.98 3137EAEX3 1307 101 FHLMC 500,000.00 495,999.50 495,999.50 0.375 0.411 156.25 0.00 0.00 156.25 45950VPS9 1308 101 IFC 500,000.00 497,300.00 497,300.00 0.500 0.500 190.56 0.00 0.00 190.56 91282CBH3 1309 101 USTR 500,000.00 495,100.00 495,100.00 0.375 0.382 145.03 0.00 0.00 145.03 3137EAEX3 1310 101 FHLMC 1,000,000.00 983,940.00 983,940.00 0.375 0.414 312.50 0.00 0.00 312.50 91282CAT8 1311 101 USTR 1,000,000.00 977,500.00 977,500.00 0.250 0.258 193.37 0.00 0.00 193.37 3130ALV92 1312 101 FHLB 500,000.00 500,000.00 500,000.00 0.500 0.543 208.33 0.00 0.00 208.33 39573LBC1 1313 101 GRNST 249,000.00 249,000.00 249,000.00 0.950 0.950 181.46 0.00 0.00 181.46 89235MKY6 1314 101 TOYFSB 245,000.00 245,000.00 245,000.00 0.900 0.900 169.15 0.00 0.00 169.15 91282CAZ4 1315 101 USTR 500,000.00 492,187.50 492,187.50 0.375 0.382 144.23 0.00 0.00 144.23 14622LAA0 1316 101 CARTER 248,000.00 248,000.00 248,000.00 0.750 0.750 142.69 0.00 0.00 142.69 31617CAV5 1317 101 FIDHMS 248,000.00 248,000.00 248,000.00 0.700 0.700 133.17 0.00 0.00 133.17 SYS1318 1318 101 DPME 489,738.51 460,056.07 489,738.51 0.00 0.00 0.00 0.00 91282CBQ3 1319 101 USTR 500,000.00 494,165.00 494,165.00 0.500 0.510 193.25 0.00 0.00 193.25 91282CBT7 1320 101 USTR 500,000.00 499,525.00 499,525.00 0.750 0.753 288.46 0.00 0.00 288.46 91282CCF6 1321 101 USTR 1,000,000.00 997,060.00 997,060.00 0.750 0.754 576.92 0.00 0.00 576.92 91282CBT7 1322 101 USTR 500,000.00 498,450.00 498,450.00 0.750 0.754 288.46 0.00 0.00 288.46 91282CCF6 1323 101 USTR 500,000.00 497,095.00 497,095.00 0.750 0.756 288.46 0.00 0.00 288.46 3130AMFS6 1324 101 FHLB 1,000,000.00 993,420.00 993,420.00 0.750 0.820 625.00 0.00 0.00 625.00 92559TAJ7 1325 101 VIBRNT 249,000.00 248,377.50 248,377.50 0.800 0.802 152.81 0.00 0.00 152.81 38149MXK4 1326 101 GLDMAN 248,000.00 248,000.00 248,000.00 1.000 1.000 190.24 0.00 0.00 190.24 795451AF0 1327 101 SALMAE 248,000.00 248,000.00 248,000.00 1.000 1.000 190.24 0.00 0.00 190.24 89388CEY0 1328 101 TABBK 248,000.00 248,000.00 248,000.00 0.400 0.400 76.10 0.00 0.00 76.10 06417NZQ9 1329 101 BKOZK 248,000.00 248,000.00 248,000.00 0.400 0.400 76.09 0.00 0.00 76.09 3133EM2C5 1330 101 FFCB 500,000.00 498,000.00 498,000.00 0.710 0.774 295.83 0.00 0.00 295.83 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:03 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
144 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 6 ends

Book Value
Beginning
Book Value
Adjusted Interest Earnings
Accretion
Amortization/
Earnings
Adjusted Interest
February 1, 2022 - February 28, 2022
Total Earnings
City of La Quinta
Annualized
CUSIP Investment # Yield
Interest
Earned Issuer
Realized
Gainl/Loss
Fund: General Fund
70962LAF9 1331 101 PENTGN 249,000.00 249,000.00 249,000.00 0.700 0.700 133.71 0.00 0.00 133.71 87165ET98 1332 101 SYNCHR 245,000.00 245,000.00 245,000.00 0.900 0.900 169.15 0.00 0.00 169.15 05580AD50 1333 101 BMW 245,000.00 245,000.00 245,000.00 0.650 0.650 122.16 0.00 0.00 122.16 20786ADL6 1334 101 CONNEC 248,000.00 248,000.00 248,000.00 0.800 0.800 152.19 0.00 0.00 152.19 91282CCP4 1335 101 USTR 1,000,000.00 983,750.00 983,750.00 0.625 0.641 483.42 0.00 0.00 483.42 91282CCW9 1336 101 USTR 1,000,000.00 988,500.00 988,500.00 0.750 0.765 579.77 0.00 0.00 579.77 3130APBM6 1337 101 FHLB 1,000,000.00 999,000.00 999,000.00 1.000 1.087 833.33 0.00 0.00 833.33 3133EM4X7 1338 101 FFCB 1,000,000.00 991,080.00 991,080.00 0.800 0.877 666.67 0.00 0.00 666.67 3130APB46 1339 101 FHLB 1,000,000.00 998,250.00 998,250.00 0.950 1.034 791.67 0.00 0.00 791.67 3133EMX64 1340 101 FFCB 500,000.00 499,002.04 499,002.04 0.170 0.185 70.84 0.00 0.00 70.84 91282CCN9 1341 101 USTR 500,000.00 497,792.97 497,792.97 0.125 0.127 48.34 0.00 0.00 48.34 91282CBE0 1342 101 USTR 1,000,000.00 991,000.00 991,000.00 0.125 0.127 96.69 0.00 0.00 96.69 91282CDB4 1343 101 USTR 1,000,000.00 996,320.00 996,320.00 0.625 0.629 480.77 0.00 0.00 480.77 3133ENCQ1 1344 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 1.270 1.380 1,058.34 0.00 0.00 1,058.34 59013KPN0 1345 101 MRRCK 249,000.00 249,000.00 249,000.00 1.100 1.100 210.12 0.00 0.00 210.12 14042RQB0 1346 101 CAP1NA 248,000.00 248,000.00 248,000.00 1.100 1.100 209.27 0.00 0.00 209.27 3130APTV7 1347 101 FHLB 500,000.00 499,500.00 499,500.00 0.700 0.761 291.67 0.00 0.00 291.67 3133ENBT6 1348 101 FFCB 1,000,000.00 998,530.00 998,530.00 0.180 0.196 150.00 0.00 0.00 150.00 91282CBU4 1349 101 USTR 1,000,000.00 996,718.75 996,718.75 0.125 0.126 96.16 0.00 0.00 96.16 91282CCD1 1350 101 USTR 1,000,000.00 995,468.75 995,468.75 0.125 0.126 96.15 0.00 0.00 96.15 91282CBA8 1351 101 USTR 1,000,000.00 990,000.00 990,000.00 0.125 0.127 96.15 0.00 0.00 96.15 91282CBR1 1352 101 USTR 1,000,000.00 989,800.00 989,800.00 0.250 0.255 193.37 0.00 0.00 193.37 3130AP2U8 1353 101 FHLB 1,000,000.00 987,100.00 987,100.00 0.550 0.605 458.33 0.00 0.00 458.33 3135G06G3 1354 101 FNMA 1,000,000.00 976,300.00 976,300.00 0.500 0.556 416.66 0.00 0.00 416.66 3133ENGN4 1355 101 FFCB 1,000,000.00 1,000,000.00 1,000,000.00 0.970 1.054 808.33 0.00 0.00 808.33 501798RP9 1356 101 LCA 248,000.00 248,000.00 248,000.00 1.000 1.000 190.25 0.00 0.00 190.25 20825WAR1 1357 101 CNNXS 249,000.00 249,000.00 249,000.00 1.250 1.250 238.77 0.00 0.00 238.77 3130AQF65 1358 101 FHLB 1,000,000.00 999,750.00 999,750.00 1.250 1.358 1,041.66 0.00 0.00 1,041.66 3134GW6C5 1359 101 FHLMC 500,000.00 486,000.00 486,000.00 0.800 0.894 333.34 0.00 0.00 333.34 91282CBV2 1360 101 USTR 500,000.00 494,882.81 494,882.81 0.375 0.380 144.23 0.00 0.00 144.23 3137EAEU9 1361 101 FHLMC 500,000.00 487,090.00 487,090.00 0.375 0.418 156.25 0.00 0.00 156.25 3134GW5R3 1362 101 FHLMC 400,000.00 391,360.00 391,360.00 0.650 0.722 216.67 0.00 0.00 216.67 307811DF3 1363 101 FARMER 249,000.00 249,000.00 249,000.00 0.900 0.900 171.92 0.00 0.00 171.92 3130AQJR5 1364 101 FHLB 1,000,000.00 1,000,000.00 1,000,000.00 1.500 1.629 1,250.00 0.00 0.00 1,250.00 3135G03U5 1365 101 FNMA 500,000.00 487,790.00 487,790.00 0.625 0.696 260.41 0.00 0.00 260.41 3134GWUQ7 1366 101 FHLMC 1,000,000.00 0.00 945,570.00 0.700 0.830 408.33 0.00 0.00 408.33 3130AQSA2 1367 101 FHLB 1,000,000.00 0.00 1,000,000.00 1.830 2.051 1,067.50 0.00 0.00 1,067.50 Portfolio CITY
CP
Run Date: 05/24/2022 - 14:03 TE (PRF_TE) 7.3.6
Report Ver. 7.3.6.1
145 CLICK HERE to Return to Agenda
Current
Rate
Ending
Par Value
Ending
Fund

Page 7 ends

Page 1 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
March 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Bank Accounts
SYS1293 1293 Bank of New York 09/01/2020 2,640,503.05 2,640,503.05 2,640,503.05 1 1 0.000 059731851 1228 Bank of the West 08/20/2019 -1,637,321.90 -1,637,321.90 -1,637,321.90 1 1 0.000 SYS1059 1059 City Petty Cash 07/01/2016 3,300.00 3,300.00 3,300.00 1 1 0.000 SYS1318 1318 Dune Palms Mobile Estates 03/09/2021 518,577.70 518,577.70 518,577.70 1 1 0.000 SYS1062 1062 La Quinta Palms Realty 07/01/2016 408,878.80 408,878.80 408,878.80 1 1 0.000 Subtotal and Average 11,854,446.44 1,933,937.65 1,933,937.65 1,933,937.65 1 1 0.000 Local Agency Investment Fund-City
98-33-434 1055 Local Agency Inv Fund 72,559,362.45 72,564,915.63 72,559,362.45 0.365 1 1 0.365 Subtotal and Average 72,559,362.45 72,559,362.45 72,564,915.63 72,559,362.45 1 1 0.365 Local Agency Invstmnt Fund-Housing
25-33-005 1113 Local Agency Inv Fund 10,601,873.42 10,602,751.30 10,601,873.42 0.365 1 1 0.365 Subtotal and Average 10,601,873.42 10,601,873.42 10,602,751.30 10,601,873.42 1 1 0.365 Money Market/Mutual Funds
X9USDDTP3 1294 Dreyfus 07/01/2021 0.00 0.00 0.00 1 1 0.000 Subtotal and Average 0.00 0.00 0.00 0.00 0 0 0.000
Money Market Accounts - CAMP
SYS1153 1153 California Asset Management Pr 09/26/2018 855,891.99 855,891.99 855,891.99 0.250 1 1 0.250 Subtotal and Average 855,714.17 855,891.99 855,891.99 855,891.99 1 1 0.250 Federal Agency Coupon Securities
3135G0W33 1233 Federal National Mtg Assn 10/29/2019 1,000,000.00 1,001,830.00 992,100.00 1.375 1,043 158 1.659 09/06/2022 3133EGWJ0 1247 Federal Farm Credit Bank 02/05/2020 1,000,000.00 1,001,490.00 999,217.36 1.400 967 181 1.430 09/29/2022 3133EKQP4 1198 Federal Farm Credit Bank 06/20/2019 500,000.00 501,610.00 499,500.00 1.875 1,271 255 1.905 12/12/2022 3133ENBT6 1348 Federal Farm Credit Bank 12/07/2021 1,000,000.00 991,040.00 998,530.00 0.180 414 299 0.310 01/25/2023 3133EMX64 1340 Federal Farm Credit Bank 10/22/2021 500,000.00 492,075.00 499,002.04 0.170 553 392 0.302 04/28/2023 3133EKZK5 1223 Federal Farm Credit Bank 09/12/2019 500,000.00 497,595.00 499,400.00 1.600 1,432 500 1.632 08/14/2023 3133EJYL7 1158 Federal Farm Credit Bank 10/15/2018 250,000.00 252,885.00 247,275.00 2.800 1,786 522 3.041 09/05/2023 3133EK4X1 1234 Federal Farm Credit Bank 11/01/2019 1,000,000.00 993,340.00 996,900.00 1.600 1,461 579 1.680 11/01/2023 3130AFW94 1177 Federal Home Loan Bank 03/01/2019 500,000.00 501,885.00 498,550.00 2.500 1,810 683 2.563 02/13/2024 3133ELNE0 1246 Federal Farm Credit Bank 02/14/2020 1,000,000.00 987,560.00 999,000.00 1.430 1,461 684 1.456 02/14/2024 3135G0V75 1206 Federal National Mtg Assn 07/15/2019 500,000.00 493,510.00 495,950.00 1.750 1,814 823 1.922 07/02/2024 Portfolio CITY
CP
Run Date: 05/24/2022 - 13:05 PM (PRF_PM2) 7.3.0
Report Ver. 7.3.6.1
148 CLICK HERE to Return to Agenda
Days to
Maturity

Page 2 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
March 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Federal Agency Coupon Securities
3133EKWV4 1212 Federal Farm Credit Bank 08/02/2019 500,000.00 495,410.00 499,500.00 1.850 1,820 847 1.871 07/26/2024 3133EKP75 1224 Federal Farm Credit Bank 09/17/2019 500,000.00 491,595.00 498,750.00 1.600 1,827 900 1.652 09/17/2024 3133ELEA8 1242 Federal Farm Credit Bank 12/17/2019 1,000,000.00 985,510.00 998,600.00 1.700 1,736 900 1.731 09/17/2024 3135G06E8 1291 Federal National Mtg Assn 11/18/2020 500,000.00 474,705.00 499,250.00 0.420 1,461 962 0.458 11/18/2024 3133ENGN4 1355 Federal Farm Credit Bank 12/09/2021 1,000,000.00 959,150.00 1,000,000.00 0.970 1,096 983 0.970 12/09/2024 3135GAAW1 1300 Federal National Mtg Assn 12/30/2020 500,000.00 474,765.00 500,000.00 0.400 1,461 1,004 0.400 12/30/2024 3130AP2U8 1353 Federal Home Loan Bank 12/07/2021 1,000,000.00 949,290.00 987,100.00 0.550 1,127 1,012 0.976 01/07/2025 3130AQWY5 1374 Federal Home Loan Bank 02/25/2022 1,000,000.00 981,210.00 1,000,000.00 1.700 1,095 1,060 1.700 02/24/2025 3135G03U5 1365 Federal National Mtg Assn 01/28/2022 500,000.00 472,735.00 487,790.00 0.625 1,180 1,117 1.400 04/22/2025 3134GVYG7 1279 Federal Home Loan Mtg Corp 05/27/2020 1,000,000.00 946,690.00 1,000,000.00 0.625 1,826 1,152 0.625 05/27/2025 3133ELH23 1280 Federal Farm Credit Bank 06/09/2020 500,000.00 469,535.00 499,850.00 0.500 1,826 1,165 0.506 06/09/2025 3133ELH80 1282 Federal Farm Credit Bank 06/10/2020 500,000.00 471,980.00 500,000.00 0.680 1,826 1,166 0.680 06/10/2025 3130AJKW8 1281 Federal Home Loan Bank 06/03/2020 500,000.00 470,090.00 499,850.00 0.500 1,836 1,169 0.506 06/13/2025 3130AJRP6 1283 Federal Home Loan Bank 06/30/2020 300,000.00 282,567.00 300,000.00 0.680 1,826 1,186 0.680 06/30/2025 3137EAEU9 1297 Federal Home Loan Mtg Corp 12/07/2020 1,000,000.00 933,580.00 997,300.00 0.375 1,687 1,207 0.434 07/21/2025 3137EAEU9 1361 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 466,790.00 487,090.00 0.375 1,293 1,207 1.120 07/21/2025 3135G05S8 1288 Federal National Mtg Assn 08/14/2020 500,000.00 466,640.00 500,000.00 0.500 1,826 1,231 0.500 08/14/2025 3136G4M75 1290 Federal National Mtg Assn 08/28/2020 500,000.00 468,090.00 499,750.00 0.520 1,816 1,235 0.530 08/18/2025 3136G4N74 1289 Federal National Mtg Assn 08/21/2020 1,000,000.00 935,950.00 1,000,000.00 0.560 1,826 1,238 0.560 08/21/2025 3137EAEX3 1307 Federal Home Loan Mtg Corp 02/23/2021 500,000.00 464,680.00 495,999.50 0.375 1,673 1,271 0.552 09/23/2025 3137EAEX3 1310 Federal Home Loan Mtg Corp 03/30/2021 1,000,000.00 929,360.00 983,940.00 0.375 1,638 1,271 0.740 09/23/2025 3134GW5R3 1362 Federal Home Loan Mtg Corp 01/05/2022 400,000.00 373,112.00 391,360.00 0.650 1,391 1,305 1.232 10/27/2025 3135G06G3 1354 Federal National Mtg Assn 12/07/2021 1,000,000.00 932,270.00 976,300.00 0.500 1,431 1,316 1.120 11/07/2025 3135GA2Z3 1292 Federal National Mtg Assn 11/17/2020 500,000.00 465,595.00 499,250.00 0.560 1,826 1,326 0.590 11/17/2025 3130AKFA9 1298 Federal Home Loan Bank 12/07/2020 500,000.00 462,730.00 497,400.00 0.375 1,831 1,351 0.480 12/12/2025 3135GA7D7 1299 Federal National Mtg Assn 12/23/2020 500,000.00 467,560.00 500,000.00 0.600 1,826 1,362 0.600 12/23/2025 3134GXGZ1 1301 Federal Home Loan Mtg Corp 12/30/2020 500,000.00 465,435.00 500,000.00 0.550 1,826 1,369 0.550 12/30/2025 3130AKMZ6 1302 Federal Home Loan Bank 01/14/2021 500,000.00 467,010.00 500,000.00 0.510 1,826 1,384 0.510 01/14/2026 3130AKN28 1304 Federal Home Loan Bank 01/29/2021 500,000.00 467,315.00 500,000.00 0.550 1,826 1,399 0.550 01/29/2026 3130ALV92 1312 Federal Home Loan Bank 03/30/2021 500,000.00 476,010.00 500,000.00 1.050 1,826 1,459 0.938 03/30/2026 3130AMFS6 1324 Federal Home Loan Bank 06/17/2021 1,000,000.00 930,530.00 993,420.00 0.750 1,821 1,533 0.885 06/12/2026 3133EM2C5 1330 Federal Farm Credit Bank 08/10/2021 500,000.00 464,675.00 498,000.00 0.710 1,826 1,592 0.792 08/10/2026 3133EM4X7 1338 Federal Farm Credit Bank 09/28/2021 1,000,000.00 928,800.00 991,080.00 0.800 1,808 1,623 0.985 09/10/2026 3130APBM6 1337 Federal Home Loan Bank 09/30/2021 1,000,000.00 940,160.00 999,000.00 1.000 1,826 1,643 1.021 09/30/2026 3130APB46 1339 Federal Home Loan Bank 10/13/2021 1,000,000.00 936,770.00 998,250.00 0.950 1,826 1,656 0.986 10/13/2026 3134GW6C5 1359 Federal Home Loan Mtg Corp 01/05/2022 500,000.00 460,930.00 486,000.00 0.800 1,757 1,671 1.403 10/28/2026 Portfolio CITY
CP
Run Date: 05/24/2022 - 13:05 PM (PRF_PM2) 7.3.0
149 CLICK HERE to Return to Agenda
Days to
Maturity

Page 3 ends

Par Value Book Value
Maturity
Date
Stated
Market Value Rate
March 31, 2022
Portfolio Details - Investments
Average
Balance Issuer
Portfolio Management
City of La Quinta
YTM
CUSIP Investment # Term 365
Purchase
Date
Federal Agency Coupon Securities
3133ENCQ1 1344 Federal Farm Credit Bank 11/02/2021 1,000,000.00 948,530.00 1,000,000.00 1.270 1,826 1,676 1.270 11/02/2026 3130APTV7 1347 Federal Home Loan Bank 11/24/2021 500,000.00 479,490.00 499,500.00 0.700 1,826 1,698 1.489 11/24/2026 3130AQF65 1358 Federal Home Loan Bank 12/22/2021 1,000,000.00 947,010.00 999,750.00 1.250 1,825 1,725 1.255 12/21/2026 3134GWUQ7 1366 Federal Home Loan Mtg Corp 02/10/2022 1,000,000.00 921,790.00 945,570.00 0.700 1,784 1,734 1.870 12/30/2026 3130AQJR5 1364 Federal Home Loan Bank 01/27/2022 1,000,000.00 957,580.00 1,000,000.00 1.500 1,826 1,762 1.500 01/27/2027 3130AQSA2 1367 Federal Home Loan Bank 02/10/2022 1,000,000.00 961,620.00 1,000,000.00 1.830 1,826 1,776 1.830 02/10/2027 Subtotal and Average 37,235,073.90 37,450,000.00 35,760,064.00 37,235,073.90 1,581 1,159 1.111 Treasury Coupon Securities
912828SV3 1192 U.S. Treasury 05/31/2019 500,000.00 500,885.00 496,650.00 1.750 1,080 44 1.984 05/15/2022 9128282W9 1178 U.S. Treasury 03/01/2019 500,000.00 502,070.00 489,687.50 1.875 1,309 182 2.480 09/30/2022 91282CBU4 1349 U.S. Treasury 12/07/2021 1,000,000.00 984,650.00 996,718.75 0.125 479 364 0.376 03/31/2023 91282CCD1 1350 U.S. Treasury 12/07/2021 1,000,000.00 979,960.00 995,468.75 0.125 540 425 0.432 05/31/2023 91282CCN9 1341 U.S. Treasury 10/22/2021 500,000.00 487,615.00 497,792.97 0.125 647 486 0.375 07/31/2023 912828T26 1217 U.S. Treasury 08/21/2019 500,000.00 494,705.00 499,300.00 1.375 1,501 547 1.410 09/30/2023 91282CBA8 1351 U.S. Treasury 12/07/2021 1,000,000.00 965,270.00 990,000.00 0.125 738 623 0.623 12/15/2023 91282CBE0 1342 U.S. Treasury 10/22/2021 1,000,000.00 962,770.00 991,000.00 0.125 815 654 0.531 01/15/2024 91282CBR1 1352 U.S. Treasury 12/07/2021 1,000,000.00 961,250.00 989,800.00 0.250 829 714 0.704 03/15/2024 91282CBV2 1360 U.S. Treasury 01/05/2022 500,000.00 480,605.00 494,882.81 0.375 831 745 0.830 04/15/2024 91282CDB4 1343 U.S. Treasury 10/22/2021 1,000,000.00 955,390.00 996,320.00 0.625 1,089 928 0.750 10/15/2024 912828YV6 1241 U.S. Treasury 12/16/2019 1,000,000.00 975,040.00 989,687.50 1.500 1,811 974 1.718 11/30/2024 91282CAT8 1311 U.S. Treasury 03/30/2021 1,000,000.00 923,010.00 977,500.00 0.250 1,676 1,309 0.750 10/31/2025 91282CAZ4 1315 U.S. Treasury 04/22/2021 500,000.00 462,775.00 492,187.50 0.375 1,683 1,339 0.720 11/30/2025 91282CBC4 1303 U.S. Treasury 01/07/2021 500,000.00 462,265.00 498,632.81 0.375 1,819 1,370 0.431 12/31/2025 91282CBH3 1309 U.S. Treasury 02/23/2021 500,000.00 461,310.00 495,100.00 0.375 1,803 1,401 0.577 01/31/2026 91282CBQ3 1319 U.S. Treasury 05/28/2021 500,000.00 462,795.00 494,165.00 0.500 1,737 1,429 0.750 02/28/2026 91282CBQ3 1382 U.S. Treasury 03/23/2022 750,000.00 694,192.50 698,025.00 0.500 1,438 1,429 2.353 02/28/2026 91282CBT7 1320 U.S. Treasury 05/28/2021 500,000.00 466,815.00 499,525.00 0.750 1,768 1,460 0.770 03/31/2026 91282CBT7 1322 U.S. Treasury 06/17/2021 500,000.00 466,815.00 498,450.00 0.750 1,748 1,460 0.816 03/31/2026 9128286S4 1383 U.S. Treasury 03/23/2022 1,000,000.00 995,310.00 999,010.00 2.375 1,499 1,490 2.400 04/30/2026 91282CCF6 1321 U.S. Treasury 06/01/2021 1,000,000.00 931,170.00 997,060.00 0.750 1,825 1,521 0.810 05/31/2026 91282CCF6 1323 U.S. Treasury 06/17/2021 500,000.00 465,585.00 497,095.00 0.750 1,809 1,521 0.870 05/31/2026 91282CCP4 1335 U.S. Treasury 09/29/2021 1,000,000.00 923,980.00 983,750.00 0.625 1,766 1,582 0.970 07/31/2026 91282CCW9 1336 U.S. Treasury 09/29/2021 1,000,000.00 928,130.00 988,500.00 0.750 1,797 1,613 0.990 08/31/2026 91282CCW9 1380 U.S. Treasury 03/22/2022 500,000.00 464,065.00 466,454.17 0.750 1,623 1,613 2.350 08/31/2026 Portfolio CITY
CP
Run Date: 05/24/2022 - 13:05 PM (PRF_PM2) 7.3.0
150 CLICK HERE to Return to Agenda
Days to
Maturity

Page 4 ends

La Quinta City CouncilJune 7, 2022

La Quinta City Council
June 7, 2022