Amount
Payables Detail Report Payment Dates: 08/28/2026 - 09/13/2026 Payment Date Vendor Name Payable Number Description (Item) Account Number 09/03/2026 CALIFORNIA JPIA POLLU-00129 Pollution Insurance Premium - FY26/27
100-195-690300 1,833.00
09/03/2026 BEHROD MOHSENI POOLR-0022-2025 Pool Bond Refund - REC-015761- 100-000-228001 500.00 09/03/2026 MARTIN LOCK AND SAFE CO. Q96693 Keys - Aug 2026 100-355-720701 76.41 09/03/2026 DMS FACILITY SERVICES, LLC STL-007175 Landscape Services - Aug 2026 100-355-720700 2,618.40 09/09/2026 OCSD LAW ENFORCEMENT
CONTRACT, OC TREASURER-TAX
SH 74898 Law Enforcement Services - Sept 100-420-720800 1,006,881.24 09/10/2026 HIGH LEVEL SECURITY SOLUTIONS,
INC.
6129 Private Security Patrol - 8/24 - 9/6/26 100-420-720850 7,952.00 09/11/2026 STATE DEPARTMENT OF JUSTICE
ACCOUNTING OFFICE
065339 Pre-Employment Fingerprinting - Jul
2026
100-195-617000 64.00
09/11/2026 CHRISTINA ELKINS 080326 Belly Dance Instruction - Aug 2026 100-310-721500 1,890.00 09/11/2026 RON GORMAN 080326 Guitar & Ukulele - Aug 2026 100-310-721500 150.00 09/11/2026 QUADIENT FINANCE USA, INC. 082726 Postage Replenishment - Jul 2026 100-195-623000 4,000.00 09/11/2026 MOULTON NIGUEL WATER DISTRICT 082726 Water Usage - 7/27 - 8/24/26 100-355-635000 14,148.03 09/11/2026 JOHN HABASH 082826 Clogging Instruction - Aug 2026 100-310-721500 3.50 09/11/2026 ROBERTA GEIER 083126 Dance Instruction - Aug 2026 100-310-721500 98.00 09/11/2026 FARROKH MOSHFEGH 083126 Karate - Aug 2026 100-310-721500 1,991.50 09/11/2026 CAROLYN WOJCIECHOWSKI 090126 Line Dancing Instruction - Aug 2026 100-310-721500 1,449.00 09/11/2026 SOUTHERN CALIFORNIA EDISON 090126 700234509668 Electric Usage - 7/2 - 8/31/26 100-355-631000 824.87 09/11/2026 SOUTHERN CALIFORNIA EDISON 090126 700234509668 Electric Usage - 7/2 - 8/31/26 100-356-631400 13,987.52 09/11/2026 SAN DIEGO GAS AND ELECTRIC 090226 0099657253017 Electric Usage - 8/1 - 8/31/26 100-356-631400 10,728.85 09/11/2026 SOUTHERN CALIFORNIA EDISON 090226 700697306974 Electric Usage - 8/4 - 9/1/26 100-355-631000 15.57 09/11/2026 SOUTHERN CALIFORNIA EDISON 090326 700162476559 Electric Usage - 8/1 - 8/31/26 100-355-631000 108.36 09/11/2026 SOUTHERN CALIFORNIA EDISON 090326 700162476559 Electric Usage - 8/1 - 8/31/26 100-356-631400 1,330.74 09/11/2026 SOUTHERN CALIFORNIA EDISON 090326 700162476559 Electric Usage - 7/1 - 7/31/26 100-356-631900 4,142.76 09/11/2026 JESSICA CARDENAS 090826 Mileage Reimbursement - 8/25 - 8/27/26
100-310-611000 73.11
09/11/2026 SEAN TRACY SIMON 090826 Adult Basketball League Referee - 8/27/26
100-310-622500 105.00
09/11/2026 JEFF WESSON INC 090826 Adult Basketball League Referee - 8/27/26
100-310-622500 105.00
09/11/2026 SANTA MARGARITA PLUMBING AND
AIR
1792 Kitchen Hydro Jetting - 8/20/26 100-310-645500 1,100.00 09/11/2026 FASTSIGNS OF LAKE FOREST 2016-23908 Harvest in the Hills Banners & Signs - Aug 2026
100-310-624500 994.25
09/11/2026 INKRABBIT PRINTWORKS 35564 Deposit for High School Banners - Aug 2026
100-310-695500 2,072.58
09/11/2026 SKYLINE PEST CONTROL 398882 Pest and Rodent Control - Aug 2026 100-310-645500 360.00 09/11/2026 RJ ELECTRIC 79250T.01 Electrical for OCSD Drone Charging Stations
100-355-645500 30,610.00
09/11/2026 SCA OF CA, LLC CA0946407 Street Sweeping Services - Aug 2026 100-355-720401 503.44 09/11/2026 STATE OF CALIFORNIA DEPT OF
INDUSTRIAL RELATIONS
E 2316520 SN Elevator Conveyance Inspection
#123674 - Aug 2026
100-310-645500 125.00
09/11/2026 PAPER DEPOT IN23583-8483 Destruction Bin - Sept 2026 100-155-700030 145.00 Fund 100 - General Fund Total: 1,188,316.48
Fund: 212 - Measure M2 Fund
09/03/2026 FULL TRAFFIC MAINTENANCE, INC. 48779 Street Maintenance - 8/24/26 212-355-720400 1,242.47 09/11/2026 SCA OF CA, LLC CA0943885 (2) Street Sweeping Services - May 2026 212-355-720410 2,000.00 09/11/2026 SCA OF CA, LLC CA0946407 Street Sweeping Services - Aug 2026 212-355-720410 15,867.51 Fund 212 - Measure M2 Fund Total: 19,109.98
Fund: 301 - CARITS Road Fee Program Fund
09/03/2026 KIMLEY-HORN AND ASSOCIATES INC 36697177 Fiber Coordination Project - CIP #168 - Jul 2026
301-000-790600 612.50
Fund 301 - CARITS Road Fee Program Fund Total: 612.50
Fund: 600 - Capital Improvement Projects Fund
09/03/2026 TAIT & ASSOCIATES, INC 170507 Curb Ramp Replacement - Jul 2026 600-251-950170 25,446.25 09/03/2026 KIMLEY-HORN AND ASSOCIATES INC 36697177 Fiber Coordination Project - CIP #168 - Jul 2026
600-000-490301 -612.50
9/14/2026 1:06:46 PM Page 2 of 4
Amount
Payables Detail Report Payment Dates: 08/28/2026 - 09/13/2026 Payment Date Vendor Name Payable Number Description (Item) Account Number 09/03/2026 KIMLEY-HORN AND ASSOCIATES INC 36697177 Fiber Coordination Project - CIP #168 - Jul 2026
600-251-950168 612.50
Fund 600 - Capital Improvement Projects Fund Total: 25,446.25 Grand Total: 1,233,485.21
9/14/2026 1:06:46 PM Page 3 of 4
Payables Detail Report Payment Dates: 8/28/2026 - 9/13/2026 Report Summary
Fund Summary
Fund Payment Amount
100 - General Fund 1,188,316.48
212 - Measure M2 Fund 19,109.98
301 - CARITS Road Fee Program Fund 612.50
600 - Capital Improvement Projects Fund 25,446.25
Grand Total: 1,233,485.21
Account Summary
Account Number Account Name Payment Amount
100-000-223000 Plan Application Deposit 22,761.00
100-000-227001 Security Deposit - Waste 2,051.92
100-000-228001 Swimming Pool Construct 500.00
100-000-460100 Parking Citations 87.00
100-155-622000 Operating Supplies 109.61
100-155-700030 Professional Services - Cit 145.00
100-195-617000 Recruitment 64.00
100-195-622000 Operating Supplies 169.45
100-195-623000 Printing & Mailing 4,000.00
100-195-630000 Communications 837.28
100-195-690300 CJPIA Insurance 1,833.00
100-310-611000 Training, Conferences, & 73.11
100-310-622500 Program & League Suppli 210.00
100-310-624500 Printing & Advertising 1,959.25
100-310-632000 Utilities - Gas 34.90
100-310-645500 Facility Maintenance & Re 1,585.00
100-310-695000 Community Assistance & 350.00
100-310-695500 Special Events - Program 2,072.58
100-310-695513 Concerts 290.70
100-310-721500 Contract Services - Progra 5,582.00
100-355-622000 Operating Supplies 708.67
100-355-631000 Utilities - Electric 948.80
100-355-635000 Utilities - Water 14,148.03
100-355-645500 Facility Maintenance & Re 34,216.21
100-355-700000 Professional Services 36,392.50
100-355-700250 On-Call Services 680.00
100-355-720401 Other Public Works Main 731.24
100-355-720500 Graffiti Removal 1,425.00
100-355-720700 Landscape Maintenance 2,618.40
100-355-720701 Parks Maintenance & Rep 896.14
100-356-631400 MOE - Electric (Streetligh 26,172.14
100-356-631900 MOE - Electric (On-Bill Fin 4,142.76
100-356-720420 MOE - Traffic Signal Main 3,785.30
100-420-720800 Law Enforcement Contrac 1,006,881.24
100-420-720821 Trauma Intervention Prog 1,902.25
100-420-720850 Private Security Patrol 7,952.00
212-355-720400 Street Maintenance 1,242.47
212-355-720410 Street Sweeping 17,867.51
301-000-790600 Transfers Out to Capital I 612.50
600-000-490301 Transfers In from CARITS -612.50
600-251-950168 Traffic Signal Improveme 612.50
600-251-950170 Access Ramps 25,446.25
Grand Total: 1,233,485.21
Project Account Summary
Project Account Key Payment Amount
**None** 1,233,485.21
Grand Total: 1,233,485.21
9/14/2026 1:06:46 PM Page 4 of 4
Item No. 4.6
City of Laguna Hills
City Council / Planning
Agency
Staff Report
Date: September 22, 2026
To: Mayor and Council Members
From: Eric Hendrickson, Finance Director
Issue: Treasurer's Investment Report for August 2026
Recommendation: That the City Council receive and file the Treasurer's Investment Report for the month of August 2026.
Background:
The Treasurer’s Investment Report for the month of August 2026 is submitted herewith. The City’s total portfolio as of August 31, 2026, was $28,981,468. The pooled cash portfolio managed by the City Treasurer consisted of cash on hand, demand deposits, State Local Agency Investment Fund (LAIF) and Investment Trust of California (CalTRUST) investments and totaled $28,866,770. Restricted cash and investments totaled $114,697, and is composed of fiscal agent funds for Civic Center property management purposes.
Interest income for the month of August was $92,271. Fiscal Year 2026/2027 year-to-date pooled cash interest earnings of $191,880 is 23% of the annual budget of $805,000.
The average yield on the City’s total portfolio for the month of August was
3.80%, compared to the prior month of 3.75%. The slightly improved yield in August reflects a steadying of interest rates by the Federal Reserve, with the possibility for rate increases in the future. The City has budgeted conservatively in its expectation of interest earnings.
Fiscal Impact:
There is no fiscal impact to receive and file this report.
Item No. 4.6
Attachments:
1. Treasurer's Report August 2026
Pooled Cash & Investments
Current Month
Market Value
Current Month
Book Value
Prior Month
Book Value
Current
Month %
of
Portfolio
Maximum
Policy Limit
Yield to
Maturity for
Month
(Annualized)
BMO Checking & Money Market Accounts $ 6,558,390 $ 6,558,390 $ 8,055,425 23% 50% 3.62% Petty Cash (City Hall) 500 500 500 0% n/a 0.00%
Fiscal Agent Cash - Employee FSA 4,776 4,776 4,776 0% n/a 0.00% State Local Agency Investment Fund (LAIF) 102,974 103,091 103,091 0% 100% 3.86% Investment Trust of California (CalTRUST) 22,200,014 22,200,014 22,128,746 77% 100% 3.87% 28,866,654 28,866,770 30,292,537 100% 3.81%
Restricted & Designated Cash
Fiscal Agent Cash - Essex Civic Center Mgmt 114,697 114,697 107,539 n/a n/a 0.00% 114,697 114,697 107,539 0.00%
Totals $ 28,981,351 $ 28,981,468 $ 30,400,076 3.80%
For the month of August 2026 $ 92,271
FY 2026-27 to Date 191,880
FY 2026-27 Budget 805,000
Certification:
Eric Hendrickson
Finance Director/Deputy City Treasurer
City of Laguna Hills
Treasurer's Investment Report
August 2026
Pooled Cash & Investment - Interest Earnings
I hereby certify that the above investment report includes all cash and investments of the City and is in conformance with all State laws and the City's investment policy approved by the City Council on October 14, 2025. At the time of the report, there is sufficient liquidity and anticipated revenues available to meet the City's budgeted expenditure requirements for the next six months.
Reconciling items (outstanding checks and deposits in transit):
Pooled Cash & Investments Book Value:
GENERAL FUND RESERVES (as of 6/30/2025 - most recent audited year end) Fund Balance Type
Nonspendable
Assigned
Unassigned
Total
GENERAL FUND RESERVES (as of 6/30/2026 - pre-audited amounts) Fund Balance Type
Nonspendable
Assigned
Unassigned
Total
GENERAL FUND RESERVES (projected at 6/30/2027)
Category
Beginning of Fiscal Year
Budgeted revenues
Rollover project expenses from PY
Budgeted expenses
Projected End of Fiscal Year
22,531,792
33,848,243
(34,708,985)
19,671,050
(2,000,000)
318,576
572,447
21,640,769
22,531,792
Amount
Pooled Cash Report
City of Laguna Hills, CA
For the Period Ending 8/31/2026
BEGINNING
BALANCE
CURRENT
ACTIVITY
CURRENT
BALANCE ACCOUNT # ACCOUNT NAME
CLAIM ON CASH
100-000-101100 Claim on Cash - General Fund 18,997,909.55 (1,529,783.53) 17,468,126.02 210-000-101210 Claim on Cash - Gas Tax (HUTA) 1,673,151.79 97,677.38 1,770,829.17 211-000-101211 Claim on Cash - Gas Tax (RMRA) 1,943,811.68 95,595.91 2,039,407.59 212-000-101212 Claim on Cash - Measure M2 365,557.86 (123,307.41) 242,250.45 214-000-101214 Claim on Cash - AB 2766 159,499.71 1,388.44 160,888.15 221-000-101221 Claim on Cash - Senior Mobility Program 299,829.70 (3,930.75) 295,898.95 301-000-101301 Claim on Cash - CARITS Road Fee Program 1,041,099.82 (24,415.06) 1,016,684.76 305-000-101305 Claim on Cash - Beverage Recycling 12,647.94 173.55 12,821.49 306-000-101306 Claim on Cash - Waste & Recycling Fee 49,507.77 (25,600.94) 23,906.83 307-000-101307 Claim on Cash - C&D Forfeited Deposits 440,616.11 89,472.39 530,088.50 311-000-101310 Claim on Cash - Quimby Act Park In-Lieu Fee (VALH 3,653,482.77 32,628.31 3,686,111.08 312-000-101312 Claim on Cash - CASp Fee 38,800.42 347.11 39,147.53 322-000-101322 Claim on Cash - Water Conservation 400,601.46 3,557.87 404,159.33 401-000-101401 Claim on Cash - Public Art 265,561.10 3,528.95 269,090.05 421-000-101421 Claim on Cash - SLESF 124,720.63 1,359.51 126,080.14 451-000-101451 Claim on Cash - Liability Self-Insurance 121,174.83 - 121,174.83 452-000-101452 Claim on Cash - Parks Equipment Maintenance 309,213.00 - 309,213.00 454-000-101454 Claim on Cash - Sports Complex Equipment Maint 66,200.46 - 66,200.46 455-000-101455 Claim on Cash - Community Center Equipment Ma 46,761.87 - 46,761.87 456-000-101456 Claim on Cash - Storm Drain / Slope Repair Reserv 29,097.04 - 29,097.04 28,866,770.00
284,567
612,572
22,256,720
23,153,859
208,832.76
TOTAL CLAIM ON CASH 30,039,245.51 (1,381,308.27) 28,657,937.24
LAIF Monthly Statements
LAIF Monthly Statement
CITY OF LAGUNA HILLS
CITY MANAGER
24035 EL TORO ROAD
LAGUNA HILLS, CA 92653
LAIF Account #:
August 2026 Statement
No transactions were found for this reporting period.
Account Summary
Beginning Balance: 103,090.55
Total Deposit: 0.00
Total Withdrawal: 0.00
Ending Balance: 103,090.55
Official website of the State of California
9/10/26, 10:20 AM LAIF Monthly Statements | State of California Office of the State Treasurer https://www.treasurer.ca.gov/regular-statement 1/1
Corporate Class
Invesco Treasury Portfolio
Short-Term Investments Trust
Data as of August 31, 2026
NOT A DEPOSIT | NOT FDIC-INSURED | NOT GUARANTEED BY THE BANK | MAY LOSE VALUE | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY invesco.com CM-FFTSY-2-E 09/26 Invesco Distributors, Inc.
This report must be accompanied or preceded by a currently effective fund prospectus, which contains more complete information, including fees and expenses. Read it carefully before investing.
The fund pursues its objective by investing primarily in short-term, high-credit-quality money market instruments. These instruments are direct obligations of the US Treasury and repurchase agreements backed by Treasury obligations.
Investment Objective
Provide current income consistent with preservation of capital and liquidity.
Permissible Investments
Fund Highlights
n The portfolio management team follows a conservative investment process with respect to minimal credit risk, interest rate risk and liquidity.
n The fund is designed for short- to medium-term cash investments, operating cash, cash sweeps and the liquidity components of investment portfolios.
n The fund aims to preserve capital, maintain liquidity and produce a competitive yield.
Yields (%)
The performance data quoted represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the performance data quoted above. The investment return and principal value of your investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. You may obtain performance data current to the most recent month-end by visiting invesco.com. The SEC yield listed reflects fee waivers and/or expense reimbursements in effect for the period. Had the Adviser not waived fees and/or reimbursed expenses, your 7-day SEC yield would have been 3.60%. Average annual total returns reflect reinvested distributions, net of expenses for the periods. The 7-day SEC yield more closely reflects the current earnings of the fund than the total returns shown. 30-day simple and simple monthly yield are the sum of
the distribution rates for the number of days in the yield period annualized by 365 and divided by net asset value (NAV).
This does not constitute a recommendation of any
investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.
Maturity Schedule (%)
3.63 3.41 3.62 3.39
7-Day SEC 30-Day Simple
as of August 31, 2026 Average Annual Total Returns (%)
Period (%)
as of August 31, 2026
Inception 1.71
10 Years 2.30
5 Years 3.64
3 Years 4.49
1 Year 3.71
Invesco Treasury Portfolio
iMoneyNet U.S. Treasury & Repo Institutional Category1
Portfolio Composition (%) 3
SEC Investment Category (%)
U.S. Treasury Debt 54.0
U.S. Treasury Repurchase Agreement 46.0
Simple Monthly Yields
Period (%)
as of August 31, 2026
August 2026 3.62
July 3.54
June 3.51
May 3.49
April 3.52
March 3.52
February 3.54
January 3.56
December 3.66
November 3.81
October 3.94
September 2025 4.04
g 1-7
g 8-30
g 31-60
g 61-90
g 91-180
g 181+
Maturity schedule is based on weighted average maturity and is subject to change.
g 21.9
g 17.1
g 9.9
g 12.9
g 19.2
g 19.0
Days to
maturity (%)
NAIC Requirements
National Association of Insurance Commissioners (NAIC)
Meets NAIC requirement of a 0% capital reserve for a
purchase by insurance companies.
Management Team
Laurie Brignac, Joe Madrid, Brandon Maitre, Justin Mandeville, Marques Mercier, Wesley Rager, Jennifer Brown, Ripal Tilara, and Bryn Zinser All data provided by Invesco unless otherwise stated. 1 iMoneyNet, Inc. is an independent mutual fund performance monitor. The U.S. Treasury & Repo Institutional Category is an unmanaged group of money market funds with similar invest- ment objectives and pricing structures as the Corporate Class of the Invesco Treasury Portfolio. iMoneyNet performance figures represent the category average. An investment cannot be made into the category. 2 A credit rating is an assessment provided by Nationally Recognized Statistical Ratings Organization (NRSRO) of the cred- itworthiness of an issuer with respect to debt obligations, includ- ing specific securities, money market instruments or other debts. Fund ratings are subject to change and are based on sev- eral factors, including an analysis of a portfolio's overall credit quality, market price exposure and management. Fund ratings are provided to indicate the creditworthiness of the underlying holdings in the portfolio and offer a forward-looking opinion about fixed income funds' capacity to maintain stable principal (net asset value). The ratings will generally range from AAA (highest) to D (lowest). For more information on rating method- ologies, please visit the following NRSRO websites: www.standar- dandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage; www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage. 3 Portfolio composition is subject to change. An investment cate- gory listed with "other" in the name indicates that the underly- ing holdings did not fall into the SEC's more narrowly defined investment categories.
You could lose money by investing in the Fund.
Although the Fund seeks to preserve your
investment at $1.00 per share, it cannot
guarantee it will do so. An investment in the
Fund is not a bank account and is not insured or
guaranteed by the Federal Deposit Insurance
Corporation or any other government agency.
The Fund’s sponsor is not required to reimburse
the Fund for losses, and you should not expect
that the sponsor will provide financial support to
the Fund at any time, including during periods of
market stress.
Fund Information
Inception August 01, 2005
CUSIP 825252570
NASDAQ TYCXX
Total Net Assets $58.55 billion
Reflects all classes of the portfolio.
Weighted Average Maturity (WAM) 52 days
Weighted Average Life (WAL) 108 days
SEC Portfolio Liquidity Requirements (%)
1-day 79.45
7-day 97.65
Ratings²
Standard & Poor's AAAm
Moody's Aaa-mf
Date Daily Quarter to Date Average Maturity
08/30/26 3.87 3.85 271
08/29/26 3.87 3.85 272
08/28/26 3.87 3.85 273
08/27/26 3.87 3.85 274
08/26/26 3.87 3.85 271
08/25/26 3.87 3.85 272
08/24/26 3.87 3.85 274
08/23/26 3.87 3.85 276
08/22/26 3.87 3.85 277
08/21/26 3.87 3.85 278
08/20/26 3.87 3.85 279
08/19/26 3.87 3.85 279
08/18/26 3.87 3.85 280
08/17/26 3.87 3.85 282
08/16/26 3.85 3.85 285
08/15/26 3.85 3.85 286
08/14/26 3.87 3.85 285
08/13/26 3.87 3.85 283
08/12/26 3.86 3.85 278
08/11/26 3.86 3.84 280
08/10/26 3.86 3.84 278
08/09/26 3.86 3.84 280
08/08/26 3.86 3.84 280
08/07/26 3.86 3.84 280
08/06/26 3.86 3.84 280
08/05/26 3.86 3.84 280
08/04/26 3.86 3.84 281
08/03/26 3.86 3.84 281
08/02/26 3.85 3.84 281
08/01/26 3.85 3.84 281
07/31/26 3.85 3.84 281
07/30/26 3.85 3.84 277
07/29/26 3.85 3.84 279
07/28/26 3.85 3.84 279
07/27/26 3.85 3.84 282
07/26/26 3.85 3.84 281
07/25/26 3.85 3.84 282
CALIFORNIA STATE TREASURER
FIONA MA, CPA
PMIA Daily Effective Yield
*Daily yield does not reflect capital gains or losses Updated: 9/2/2026
Date Daily Quarter to Date Average Maturity
CALIFORNIA STATE TREASURER
FIONA MA, CPA
PMIA Daily Effective Yield
07/24/26 3.85 3.84 283
07/23/26 3.85 3.84 280
07/22/26 3.84 3.84 278
07/21/26 3.84 3.84 280
07/20/26 3.84 3.84 281
07/19/26 3.84 3.84 282
07/18/26 3.84 3.84 283
07/17/26 3.84 3.84 284
07/16/26 3.84 3.83 281
07/15/26 3.84 3.83 278
07/14/26 3.84 3.83 278
07/13/26 3.84 3.83 273
07/12/26 3.84 3.83 273
07/11/26 3.84 3.83 273
07/10/26 3.84 3.83 273
07/09/26 3.84 3.82 270
07/08/26 3.83 3.83 271
07/07/26 3.83 3.83 272
07/06/26 3.83 3.83 274
07/05/26 3.83 3.83 274
07/04/26 3.83 3.83 274
07/03/26 3.83 3.83 274
07/02/26 3.83 3.83 275
07/01/26 3.83 3.83 276
*Daily yield does not reflect capital gains or losses Updated: 9/2/2026
Item No. 4.7
City of Laguna Hills
City Council / Planning
Agency
Staff Report
Date: September 22, 2026
To: Mayor and Council Members
From: Eric Hendrickson, Finance Director
Issue: Annual Review of Investment and Portfolio Policy and Delegation of Investment Authority to the City Treasurer
Recommendation: That the City Council adopt a Resolution entitled: "A Resolution of the City Council of the City of Laguna Hills, California, delegating investment authority to the City Treasurer and approving a policy for the investment of City funds and rescinding Resolution No. 2025-10-14-1." Background:
State law specifies that the treasurer or chief fiscal officer of the local agency may annually render to the legislative body of that local agency and any oversight committee of that local agency a statement of investment policy, which the legislative body of the local agency shall consider at a public meeting. The City’s current Investment and Portfolio Policies require that the policies be reviewed annually and adopted by resolution of the City Council. State law also allows the City Council to delegate its investment authority to the City Treasurer for up to one year at a time.
Staff has reviewed the 2026 Investment and Portfolio Policy and is not recommending any changes. The proposed 2027 Investment and Portfolio Policy contains the same allowable investments, portfolio diversification, and reporting requirements as the previous year.
The proposed 2027 policy continues to comply with State law and is consistent with the recommended best practices promulgated by the Government Finance Officers Association.
A Resolution to adopt the 2027 Investment and Portfolio Policy and delegate
Item No. 4.7
investment authority to the City Treasurer for the year 2027 is attached.
Fiscal Impact:
There is no fiscal impact on approving the policy and delegating authority.
Interest earnings have been budgeted to be $805,000 in Fiscal Year 2026/2027.
Attachments:
1. Resolution - Investment Policy 2027
2. Attachment A - Proposed 2027 Investment Policy
1 RESOLUTION NO. 2026-09-22-X
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LAGUNA HILLS, CALIFORNIA, DELEGATING INVESTMENT
AUTHORITY TO THE CITY TREASURER AND APPROVING
A POLICY FOR THE INVESTMENT OF CITY FUNDS AND
RESCINDING RESOLUTION NO. 2025-10-14-1.
WHEREAS, pursuant to Laguna Hills Municipal Code Section 2-16.020, the City Council has appointed the City Manager as the City Treasurer; and WHEREAS, pursuant to Government Code Section 53607, the City Council may delegate its investment authority to the City Treasurer for up to one year; and WHEREAS; pursuant to Government Code Section 53646, the City Council of the City of Laguna Hills, has publicly considered an annual statement of investment policy and desires to adopt such policy to guide the investment management of the Deputy Treasurer under the supervision of the City Treasurer.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAGUNA
HILLS, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1. This Resolution rescinds Resolution 2025-10-14-1.
SECTION 2. The City Council hereby delegates investment authority to the City Treasurer.
SECTION 3. The City Council hereby adopts the investment policy, attached hereto as Exhibit “A” and incorporated herein by this reference.
SECTION 4. The effective date of this Resolution is January 1, 2027.
PASSED, APPROVED, AND ADOPTED this 22nd day of September 2026. ____________________________________
DONALD CASKEY, MAYOR
ATTEST:
______________________________________
JOSHUA STEVENSON, CITY CLERK
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF LAGUNA HILLS )
2 I, Joshua Stevenson, City Clerk of the City of Laguna Hills, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 2026- 09-22-X adopted by the City Council of the City of Laguna Hills, California, at a Regular Meeting thereof held on the 22nd day of September, 2026, by the following vote:
AYES:
NOES: None
ABSENT: None
ABSTAIN: None
(SEAL)
_____________________________________
JOSHUA STEVENSON, CITY CLERK
2027 INVESTMENT & PORTFOLIO POLICY
CITY OF LAGUNA HILLS
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Investment and Portfolio Policies
Calendar Year 2027
TABLE OF CONTENTS
I. Policy ........................................................................................................1 II. Scope........................................................................................................1 III. Objectives.................................................................................................1 IV. Standards of Care.....................................................................................3 V. Safekeeping and Custody........................................................................4 VI. Authorized and Suitable Investments ......................................................5 VII. Competitive Selection of Investment Instrument.....................................7 VIII. Reporting...................................................................................................7 IX. Annual Investment Policy and Adoption..................................................8 Appendix A - Glossary of Terms....................................................................9
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I Policy
It is the Policy of the City of Laguna Hills to invest in a manner, which will ensure the safety of public funds by mitigating credit and interest rate risk, and provide sufficient liquidity to meet all operating requirements. The City shall also strive to attain a return on investment that is reasonable given that safety of principal and liquidity are the primary objectives in these policies and yield is secondary. The investment program shall be operated in conformity with federal, state and other legal requirements, including the State of California Government Code Section 53601, et, seq., these policies and written administrative procedures.
II Scope
This investment policy applies to the investment of all funds of the City and the City of Laguna Hills Public Improvement Corporation, including the following:
General Fund
Special Revenue Funds
Capital Projects Funds
Funds Held Under Trust Indenture
These funds are accounted for in the City’s Annual Comprehensive Financial Report.
Except for cash in certain restricted and special funds, the City will consolidate cash and reserve balances from all funds to maximize investment earnings and to increase efficiencies with regard to investment pricing, safekeeping and administration. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles.
Investments under the trust indenture will be held separately and made in accordance with the indenture requirements.
III Objectives
Funds of the City will be invested, by the City Treasurer, or authorized deputies of the Treasurer (hereinafter collectively referred to as “the Treasurer”) in accordance with these policies and written administrative procedures. The primary objectives, in priority order, of investment activities shall be:
1) Safety
Safety of principal is the foremost objective of the City’s investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio and the mitigation of credit risk and interest rate risk.
a) Credit Risk
Credit Risk is the risk of loss due to the failure of the security issuer or backer.
Credit Risk may be mitigated by:
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i. limiting investments to the safest types of securities listed under Section VI herein, which shall be limited to those investments backed by the U.S. Government, or an agency thereof, overnight accounts managed by the City’s primary bank, the Local Agency Investment Fund (LAIF), and other specific investments described in Section VI; ii. diversifying the portfolio to avoid concentration of securities from a specific issuer, except issuers of U.S. Treasury securities, so that the failure of any one issuer will not place an undue financial burden on the City;
iii. monitoring all of the City’s investments on a frequent basis to anticipate and respond accordingly to a significant reduction of creditworthiness of any of the depositories, including the City’s primary bank; and iv. performing appropriate due diligence to assure the credit worthiness of any portfolio investment made.
b) Interest Rate Risk
Interest rate risk is the risk that the market value of securities in the portfolio will fall due to changes in general interest rates. To reduce interest rate risk, the City shall limit the maximum maturity horizon of the securities that comprise its portfolio, keeping in mind that the longer the maturity horizon, the greater the price volatility. In accordance with the Government Accounting Standards Board reporting requirements, the portfolio could show unrealized gains or losses for any reporting period.
Interest rate risk may be mitigated by:
i. structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity; and
ii. investing operating funds primarily in shorter-term securities. 2) Liquidity
The investment portfolio shall remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. This is accomplished by structuring the portfolio so that securities mature concurrent with cash needs to meet anticipated demands (static liquidity). Since all possible cash demands cannot be anticipated, the portfolio should consist largely of securities with active secondary or resale markets (dynamic liquidity) and a portion of the portfolio should be invested in readily available funds, to ensure that appropriate liquidity is maintained to meet ongoing obligations.
3) Yield
The rate of return on the City’s investment portfolio is of secondary importance to the safety and liquidity objectives described above. The City’s investment strategy is passive and investments are limited to relatively low-risk securities in anticipation of earning a rate of return throughout
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budgetary and economic cycles, commensurate with the City’s investment risk constraints and the cash flow characteristics of the portfolio.
The yield shall be designed to attain an average rate of return through market cycles. Although no “benchmark” rate of return is assumed, the portfolio’s yield shall be compared for reporting purposes to LAIF and the 3-month bank CD rate published by the Federal Reserve. These indices are considered benchmarks for lower risk investment transactions and therefore represent a comparable minimum standard for the portfolio’s rate of return.
IV Standards of Care
1) Prudence
The City’s investment portfolio is subject to public scrutiny and review and should be managed with due care and consideration. The portfolio should be created and maintained with the professionalism and care worthy of the public trust.
The standard of prudence to be applied to the Treasurer shall be the “prudent investor rule”, which states, “when investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public funds, a trustee (the governing body or Treasurer) shall act with care, skill, prudence, and diligence under the circumstances then prevailing, that a prudent person, acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency.” The Treasurer, acting in accordance with written procedures and exercising due diligence, shall not be held personally responsible for a specific security’s credit risk or market price changes, provided that these deviations are reported immediately and that appropriate action is taken to control adverse developments.
2) Ethics and Conflict of Interest
Employees of the City shall refrain from personal business activity that could conflict with the proper execution of the investment program, or which could impair their ability to make impartial investment decisions. State law, City statutes, and City personnel and purchasing practices shall be followed to avoid conflict of interest or the appearance thereof. Employees shall disclose any financial interests or personal relationships with any financial institutions, brokers or securities dealers that conduct business within its jurisdiction, and any personal financial/investment positions that could be related to their management of the portfolio. The Treasurer shall be prohibited from doing business with any broker or securities dealer with whom the City does business, with the exception of the City’s primary bank for banking services. Employees shall subordinate their personal investment transactions to those of the City, particularly with regard to the time of purchases and sales.
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3) Delegation of Authority
Authority to manage the City’s investment program is delegated to the City Treasurer by Resolution of the City Council of the City of Laguna Hills, California. Management responsibility is hereby delegated to the Finance Director/Deputy Treasurer under the direction of the City Treasurer.
The Deputy Treasurer shall establish procedures for the operation of the investment program consistent with this investment policy, together with a system of internal controls to regulate the activities of subordinates.
V Safekeeping and Custody
1) Authorized Financial Institutions, Depositories and Brokers/Dealers Investment transactions will be undertaken with securities dealers, brokers and depositories authorized to provide investment services. In addition, the City shall maintain a “Qualified Institution” list of approved security broker/dealers selected by creditworthiness, including the minimum capital requirement of $10 million and at least five years of operation. The City shall conduct periodic evaluations, or whenever deemed necessary, of each financial institution’s standing to determine whether it should remain on the “Qualified Institution” listing. Securities dealers not affiliated with a bank shall be required to be classified as reporting dealers affiliated with the New York Federal Reserve Bank, as primary dealers that qualify under Securities and Exchange Commission Rule 15C3-1 (uniform net capital rule).
All financial institutions and brokers/dealers who desire to become qualified for investment transactions with the City must supply the following:
1) Audited financial statements demonstrating compliance with State and Federal capital adequacy guidelines. Audited financial statements will be submitted annually to the City. 2) Proof of National Association of Securities Dealers (NASD) certification, except for counterparties in Certificates of Deposits transactions. 3) Proof of State Registration
4) Completed broker/dealer questionnaire, except for Certificates of Deposits counterparties. 5) Certification of having read and understood and agreeing to comply with the City’s Investment Policies, as well as to disclose potential conflicts or risks to public funds that might arise out of business transactions between the firm/depository and the City. 6) Evidence of adequate insurance coverage.
In addition, all financial institutions shall agree to undertake reasonable efforts to preclude imprudent transactions involving the City’s funds. The supervising officer shall agree to exercise due diligence in monitoring the activities of other officers and subordinate staff members engaged in transactions with the City. Employees of any firm or financial institution offering securities or
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investments to the City shall be trained in the precautions appropriate to public-sector investment and shall be required to familiarize themselves with the City’s Investment and Portfolio Policies. 2) Internal Control
Treasurer shall establish a system of written internal control policies and procedures, which shall be reviewed annually by the independent auditor. The controls shall be designed to prevent loss of public funds due to fraud, error, misrepresentation, unanticipated market changes or imprudent actions.
3) Delivery vs. Payment
All trades where applicable will be executed by delivery vs. payment (DVP). This ensures that securities are deposited in the eligible financial institution prior to the release of funds. A third party custodian or the trust department of the City’s primary bank will hold securities. Evidence of safekeeping shall be in the form of safekeeping receipts and monthly statements reporting the securities held by the institution.
VI Authorized and Suitable Investments
1) Investment Types
Investment of City funds are restricted to the following instruments that shall mature within one year from the time of purchase unless otherwise stated:
a) U.S. Treasury bills.
b) U.S. Treasury notes or bonds.
c) Insured or fully collateralized certificates of deposit issued by a qualified Public Depository Institution of the State of California.
d) Money market mutual funds whose portfolios consist entirely of U.S. government securities and are rated at the highest letter or numerical rating from at least two of the three largest nationally recognized rating services, or which retain an Investment advisor meeting requirements specified in Government Code Section 53601(k)(2). e) State Treasurer’s Local Agency Investment Fund.
f) Overnight Government Securities (U.S. Treasuries, Agencies, and Instrumentalities) Investment Account managed by the City’s primary bank.
g) Overnight Commercial Paper Investment Account managed by the City’s primary bank. h) Overnight repurchase agreements managed by the City’s primary bank where the market value of the securities underlying the repurchase agreement is 102 percent or greater than the value of funds borrowed.
i) Commercial Paper rated a minimum of “P-1” by Moody’s and “A-1” by Standard and Poor’s, or equivalent, as provided by a nationally recognized rating agency, maturing not more that 180 days after the date of purchase. The issuer is a corporation organized and operating in the United States with assets in excess of $500 million.
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j) Prime Bankers’ Acceptances with a maximum term of 270 days and a rating of “P-a” by Moody’s and “A-1 +” by Standard and Poor’s or equivalent as provided by a nationally recognized rating agency issued within the U.S. by depository institutions. k) Investment Trust of California, a Joint Powers Authority, doing business as CalTRUST.
In all instances, the City will not purchase the aforementioned instruments by the use of leveraged or margin accounts or by taking short positions in any investment instrument; i.e., selling investments the City does not own.
Investments of funds held under a trust indenture may have maturities up to two years in duration. 2) Portfolio Diversification
The City will diversify use of investment instruments to avoid incurring unreasonable risks inherent in over investing in specific instruments, individual financial institutions or maturities.
DIVERSIFICATION BY INVESTMENTS
Maximum
Percent of
Portfolio
U.S. Treasury Obligations (bills, notes and bonds) 50%
Certificates of Deposit (CDs) Commercial Banks 50%
Certificates of Deposit (CDs) Savings and Loan 25%
State Treasurer’s Local Agency Investment Fund 100%
CalTRUST
Overnight investment accounts managed by
City’s primary bank
100%
50%
Commercial Paper 10%
Banker’s Acceptances 15%
Money Market Mutual Funds 15%
DIVERSIFICATION BY INSTITUTION/ISSUER
Maximum
Percent of
Portfolio
Certificates of Deposit (CDs) Commercial Banks 25%
Certificates of Deposit (CDs) Savings and Loan $250,000 maximum
If at any point the above-stated maximum percentage of
portfolio becomes out of compliance, the City Treasurer shall have 60 days to reallocate funds to become compliant.
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3) Maximum Maturities
Investment maturities for operating funds shall be scheduled to coincide with projected cash flow needs, taking into account large routine expenditures as well as considering sizable blocks of anticipated revenue.
4) Collateralization
Collateralization will be required on repurchase agreements in order to anticipate market changes and provide a level of security for all funds.
For certificates of deposits greater than $250,000, collateral will be required at 110% of principal for government securities collateral, and 150% of principal for first mortgage collateral. Certificates of deposits for $250,000 or less, inclusive or earned interest at maturity may be invested in any FDIC insured commercial bank or savings and loan accounts.
Collateral will always be held by an independent third party, or the trust departments of the City’s primary bank. A clearly marked evidence of ownership, such as safekeeping receipt and monthly statement of securities held must be provided to the City.
VII Competitive Selection of Investment Instruments
When purchasing or selling securities, the Treasurer shall select the security which provides the highest rate of return within the parameters of these policies and according to the current objectives and needs of the City’s portfolio. The Treasurer, at his discretion, may purchase investments through the investment or trust department of the City’s primary bank without soliciting proposal forms to other banks or broker/dealers. The City Treasurer may also purchase investments using a competitive process by soliciting proposals from the financial dealers in the “Qualified Institutions” list.
If a specific maturity date is required, either for cash flow purposes or for conformance to maturity guidelines, bids will be requested for instruments, which meet the maturity requirement. If no specific maturity is required, a market trend (yield curve) analysis will be conducted to determine which maturities would be most advantageous. Selection by comparison to a current market price may be utilized when, in the judgment of the Treasurer, competitive bidding would inhibit the selection process.
VIII Reporting
The Treasurer shall submit monthly investment reports to the City Council that summarizes recent market conditions, economic developments and anticipated investment conditions. The report shall summarize the investment strategies employed in the most recent quarter and describe the portfolio in terms of investment securities, maturities, risk characteristics and other pertinent features. The report shall explain the quarter’s total investment return and compare the return on LAIF and the 3-month bank CD rate published by the Federal Reserve. The report shall disclose all transactions during the quarter.
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As part of the City’s annual audit, the independent auditor shall evaluate investment performance and conduct an operations audit. The purpose of these examinations shall be to obtain suggestions for improved future performance, and to verify that the Treasurer has acted in accordance with this investment policy and written investment procedures.
IX Annual Investment Policy and Adoption
The City’s investment policy shall be annually reviewed and adopted by resolution of the City Council of the City of Laguna Hills, California. The policy and the related internal control procedures shall be reviewed annually by the City’s independent auditors, and any modifications to the policy must be approved by the City Council.
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Appendix A – Glossary of Terms
ACCRUED INTEREST: Interest earned but not yet received.
ACTIVE DEPOSIT: Funds which are immediately required for disbursement.
AGENCIES: Federal agency securities and/or government-sponsored enterprises.
AMORTIZATION: An accounting practice of gradually decrease/increasing an asset’s book value by spreading its depreciation/accretion over a period of time.
ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR): The official annual report of the City. It is the set of financial statements for a state, municipality or other governmental entity that comply with the accounting requirements established by the Governmental Accounting Standards Board (GASB). It includes combined statements prepared in conformity with Generally Accepted Accounting Principles (GAAP). It also includes supporting schedules necessary to demonstrate compliance with finance-related legal and contractual provisions, extensive introductory material, and a detailed Statistical Section.
ASKED PRICE: The price at which securities are offered.
BANKERS’ ACCEPTANCE: a draft or bill exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer.
BASIS POINT: One one-hundredth of one percent (.01%)
BEAR MARKET: A period of generally pessimistic attitudes and declining market prices.
BENCHMARK: A comparative base for measuring the performance or risk tolerance of the investment portfolio. A benchmark should represent a close correlation to the level of risk and average duration of the portfolio’s investments.
BID PRICE: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid). See Offer Price and Asked Price.
BOND: A financial obligation for which the issuer promises to pay the bondholder a specified stream of future cash flows, including periodic interest payments and a principal repayment.
BOND EQUIVALENT YEILD: The basis on which yields on notes and bonds are quoted.
BOOK VALUE (COST VALUE): The purchase price at which a debt security is shown on the holder’s balance sheet. Book value is the purchase price less amortization of premium or plus accretion of discount.
BROKER: An individual or firm that brings buyers and sellers together for commission.
BULL MARKET: A period of time of generally optimistic attitudes and increasing market prices.
CALLABLES: Securities that the issuer has the right to redeem prior to maturity.
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CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a certificate. Large denomination CD’s are typically negotiable. CD’s may be eligible for FDIC insurance.
COLLATERAL: Securities, evidence of deposit, or other property which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies.
CONSTANT MATURITY TREASURY (CMT): An average yield of a specific Treasury maturity sector for a specific time frame. This is a market index for reference of past direction of interest rates for a given Treasury maturity range.
COST VALUE (BOOK VALUE): The purchase price at which a debt security is shown on the holder’s balance sheet.
COUPON: a) The annual rate of interest that a bond’s issuer promises to pay the bondholder on a bond’s face value; b) a certificate attached to a bond evidencing interest due on a payment date.
CREDIT ANALYSIS: A critical review and appraisal of the economic and financial conditions or of the ability to meet debt obligations.
CURRENT YIELD: The interest paid on an investment expressed as a percentage of the current price of the security.
CUSTODY: A banking service that provides safekeeping for the individual securities in a customer’s investment portfolio under a written agreement which also calls for the bank to collect and pay out income, to buy, sell, receive and deliver securities when ordered to do so by the principal.
DEALER: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account.
DEBENTURE: A bond secured only by the general credit of the issuer.
DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities: delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities.
DEMAND DEPOSIT ACCOUNT: Accounts whose balance is available to meet immediate cash needs. Cash withdrawals can be made at any time.
DERIVATIVES: (1) Financial instruments whose return profile is linked to, or derived from, the movement of one or more underlying index(s) or security(s), and may include a leveraging factor, or (2) financial contracts based upon notional amounts whose value is derived from an underlying index or security (interest rates, foreign exchange rates, equities or commodities). Moreover, financial products that are dependent for their value on an underlying financial instrument, a commodity, or an index representing values of groups of such instruments or assets.
DISCOUNT: The difference between the cost price of a security and its maturity when quoted at a lower than face value. A security selling below original offering price shortly after sale is also considered to be at a discount.
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DISCOUNT SECURITIES: Non-interest bearing money market instruments that are issued a discount and redeemed at maturity for full face value, e.g., U.S. Treasury Bills.
DIVERSIFICATION: Dividing investment funds among a variety of securities offering independent returns.
DURATION: The weighted average maturity of a bond’s cash flow stream, where the present value of the cash flows serve as the weights; The future point in time at which on average, an investor has received exactly half of the original investment, in present value terms; A bond’s zero-coupon equivalent; The fulcrum of a bond’s present value cash flow time line.
FANNIE MAE: Trade name for the Federal National Mortgage Association (FNMA). See FNMA.
FED WIRE: A wire transmission service established by the Federal Reserve Bank to facilitate the transfer of funds through debits and credits of funds between participants within the Fed system.
FEDERAL CREDIT AGENCIES: Agencies of the Federal Government set up to supply credit to various classes of institutions and individuals, e.g., Savings and Loans, small business firms, students, farm cooperatives, and exporters.
FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC): A federal agency that insures bank deposits, currently up to $250,000 per entity; Insurance provided to customers of a subscribing bank, which guarantees deposits to a set limit.
FEDERAL FUNDS RATE: The rate of interest at which Federal funds are traded. This rate is currently pegged by the Federal Reserve through open-market operations.
FEDERAL HOME LOAN BANKS (FHLB): Government sponsored wholesale banks, which lend funds and provide correspondent banking services to member commercial banks, thrift institutions, credit unions and insurance companies. The mission of the FHLBs is to liquefy the housing related assets of its members who must purchase stock in their district bank.
FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC): The FHLMC was created under the Federal Home Loan Mortgage Act, Title III of Emergency Home Finance Act of 1970, as a stockholder owned government-sponsored enterprise. Freddie Mac, as the corporation is called, is charged with providing stability and assistance to the secondary home mortgage market by buying first mortgages and participation interests and reselling these securities in the form of guaranteed mortgage securities. Although agency obligations are not explicitly guaranteed by the federal government, the rating agencies believe that in the unlikely event of financial difficulties, the federal government will support the agency to the extent necessary to provide for full and timely payment on their securities.
FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA): FNMA, like GNMA, was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). Fannie Mae, as the corporation is called, is a private stockholder-owned corporation. The corporation’s purchases included a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA’s securities are also highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest.
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FEDERAL OPEN MARKET COMMITTEE (FOMC): Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of the New York Federal Reserve Bank is a permanent member, while the other Presidents serve on a rotating basis. The Committee periodically meets to set Federal Reserve guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money.
FEDERAL RESERVE SYSTEM: The central bank of the United States created by Congress and consisting of a seven member Board of Governors in Washington, D.C., 12 regional banks and about 5,700 commercial banks that are members of the system.
FINANCIAL ADVISOR: A firm of bank that acts in a financial advisory capacity with respect to a new issue of municipal securities pursuant to a written contract.
FISCAL AGENT/SPONSOR: a) A fiscal agent, fiscal sponsor, or financial agent is a proxy that manages fiscal matters on behalf of another party. b) A financial institution with trust powers which acts in a fiduciary capacity for the benefit of the bondholders in enforcing the terms of the bond contract. A fiscal agent may assist in the redemption of bonds or coupons at maturity, disbursing dividends, and handling tax issues. For example, the United States Federal Reserve is the fiscal agent of the federal government of the United States.
FREDDIE MAC: The trade name for the Federal Home Loan Mortgage Corporation. See FHLMC.
GINNIE MAE: The trade name for the Government National Mortgage Association. See GNMA.
GOVERNMENT ACCOUNTING STANDARDS BOARD: The independent organization that establishes and improves standards of accounting and financial reporting for U.S. state and local governments.
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA): Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage bankers, commercial banks, savings and loan associations, and other institutions. Security holder is protected by the full faith and credit of the U.S.
Government. Ginnie Mae, as these securities are called, are backed by the FHA, VA, or FmHA mortgages.
The term “pass-throughs” is often used to describe Ginnie Maes.
INACTIVE DEPOSITS: Funds not immediately needed for disbursements.
INTEREST RATE: The annual yield earned on an investment, expressed as a percentage.
INVESTMENT AGREEMENTS: An agreement with a financial institution to borrow public funds subject to certain negotiated terms and conditions concerning collateral, liquidity and interest rates.
LIQUIDITY: Refers to the ability of an asset to be converted easily and rapidly into cash without a substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked prices is narrow and reasonable size can be done on these quotes.
LOCAL AGENCY INVESTMENT FUND (LAIF): The Local Agency Investment Fund (LAIF), is a voluntary program created by statute; began in 1977 as an investment alternative for California's local governments and special districts and it continues today under the California State Treasurer's administration. The enabling legislation for the LAIF is Section 16429.1 et seq. of the California Government Code. This program offers local agencies the opportunity to participate in a major portfolio, which invests hundreds of millions of dollars, using the investment expertise of the State Treasurer's Office investment staff at no additional cost to the taxpayer.
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This in-house management team is comprised of civil servants. The Local Investment Advisory Board (LIAB) provides oversight for LAIF. The LAIF is part of the Pooled Money Investment Account (PMIA).
LOCAL GOVERNMENT INVESTMENT POOL (LGIP): The aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment.
MARKET VALUE: The price at which a security is trading and could presumably be sold.
MASTER REPURCHASE AGREEMENT: A written contract covering all future transactions between the parties repurchase/reverse repurchase agreement that establishes each party’s in the transactions. A master agreement will often specify, among other things, the right of the buyer-lender to liquidate the underlying securities in the event of default by the seller borrower.
MATURITY: The date upon which the principal or stated value of an investment becomes due and payable.
MONEY MARKET MUTUAL FUNDS: Open-ended mutual fund that invests in commercial paper, bankers’ acceptances, repurchase agreements, government securities, certificates of deposit, and other highly liquid and safe securities, and pays money market rates of interest. The fund’s net asset value remains a constant $1/share, with the interest rate increasing or decreasing.
NATIONAL RECOGNIZED STATISTICAL RATING ORGANIZATION (NRSRO): A rating organization designated by the SEC as being nationally recognized.
NEW ISSUE: Term used when a security is originally “brought” to market.
OFFER PRICE: The price at which a broker/dealer/seller will offer securities to an investor. See Asked Price and Bid Price.
OPEN MARKET OPERATIONS: Purchases and sales of government and certain other securities in the open market by the New York Federal Reserve Bank as directed by the FOMC, in order to influence the volume of money and credit in the economy. Purchases inject reserves into the bank system and stimulate growth of money and credit; Sales have the opposite effect. Open market operations are the Federal Reserve’s most important and most flexible monetary policy tool. Under the Federal Reserve Act, the Fed uses purchases and sales of government and Federal Agency securities to add to or subtract from commercial bank reserves.
Goals are to sustain economic growth, high employment, and reasonable price stability.
PAPER GAIN OR LOSS: Term used for unrealized gain or loss on securities being held in a portfolio based on comparison of current market quotes and their original cost. This situation exists, as long as the security is held while there is a difference between cost value (book value) and the market value.
PERFECTED DELIVERY: Refers to an investment where the actual security or collateral is held by an independent third party representing the purchasing entity.
POOLED MONEY INVESTMENT ACCOUNT (PMIA): The PMIA began in 1955 and oversight is provided by the Pooled Money Investment Board (PMIB) and an in-house Investment Committee. The Investment Division of the State Treasurer’s Office manages the PMIA under statutory authority granted by California Government Code sections 16430 and 16480.4. The Pooled Money Investment Board governs the PMIA. The State Treasurer chairs the Board, which also includes the State Controller and the State Director of Finance. Through PMIA, the State Treasurer invests taxpayers’ money to manage the State’s cash flow and strengthen the
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financial security of local governmental entities. The PMIA has three primary sources of funds: the State general fund; special funds held by State agencies; and moneys deposited by cities, counties and other entities into the Local Agency Investment Fund (LAIF).
PORTFOLIO: Collection of securities held by an investor.
PRIMARY DEALER: A group of government securities dealers who submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Securities and Exchange Commission (SEC)-registered securities broker-dealers, banks, and a few unregulated firms.
PRUDENT PERSON RULE: An investment standard. In some states the law requires that a fiduciary, such as a trustee, may invest money only in a list of securities selected by the custody state - the so called legal list. In other states, the trustee may invest in a security if it is one which would be bought by a prudent person of discretion and intelligence who is seeking a reasonable income and preservation of capital, PURCHASE DATE: The date in which a security is purchased for settlement on that or a later date.
QUALIFIED PUBLIC DEPOSITORIES: A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of this state, which has segregated for the benefit of the commission eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits.
RATE OF RETURN: The yield obtainable on a security based on its purchase price or its current market price.
This may be the amortized yield to maturity on a bond or the current income return.
REPURCHASE AGREEMENT (RP or REPO): A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date. The security “buyer” in effect lends the “seller” money for the period of the agreement, and the terms of the agreement are structured to compensate for this. Dealers use RP extensively to finance their positions. Exception: When the Fed is said to do be doing RP, it is lending money, that is, increasing bank reserves.
REVERSE REPURCHASE AGREEMENT (Reverse REPO): A reverse-repurchase agreement (reverse repo) involves an investor borrowing cash from a financial institution in exchange for securities. The investor agrees to repurchase the securities at a specified date for the same cash value plus an agreed upon interest rate.
Although the transaction is like a repo, the purpose of entering into a reverse repo is quite different. While a repo is a straightforward investment of public funds, the reverse repo is borrowing.
RISK: Degree of uncertainty of return on an asset.
SAFEKEEPING: a) The service provided by banks and trust companies for clients when the bank or trust company stores the securities, takes in coupon payments, and redeems issues at maturity b) A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in a bank’s vaults for protection. See custody.
SEC RULE 15(C)3-1: See Uniform Net Capital Rule. Also called Net Capital Rule and Net Capital Ratio.
SECONDARY MARKET: A market made for the purchase and sale of outstanding issues following the initial distribution.
CITY OF LAGUNA HILLS
INVESTMENT AND PORTFOLIO POLICIES
2027
SECURITIES AND EXCHANGE COMMISSION (SEC): Agency created by Congress to protect investors in securities transactions by administering securities legislation.
SETTLEMENT DATE: The date at which a trade is cleared by delivery of securities against funds.
SPREAD: a) The yield or price difference between the bid and offer on an issue. b) The yield or price difference between issues.
STRUCTURED NOTES: Notes issued by Government Sponsored Enterprises (FHLB, FNMA, etc.) and Corporations that have imbedded options (e.g., call features, step-up coupons, floating rate coupons, derivatives-based returns) into their debt structure. Their market performance is impacted by the fluctuation of interest rates, the volatility of the imbedded options, and shifts in the shape of the yield curve.
SWAP: The sale of one issue and the simultaneous purchase of another for some perceived advantage.
TREASURY BILLS: A non-interest bearing discount security issued by the U.S. Treasury to finance the national debt. Most bills are issued to mature in three months, six months, or one year.
TREASURY BONDS: Long-term coupon-bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities of more than ten (10) years.
TREASURY NOTES: Medium-term coupon-bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities from two (2) to ten (10) years.
TRUST COMPANY: A trust company is a legal entity that acts as a fiduciary or agent on behalf of a person or business, for the purpose of administration, management and the eventual transfer of assets to a beneficial party. The trust company acts as a custodian for trusts, estates, custodial arrangements, asset management, stock transfer, beneficial ownership registration and other related arrangements. See Trustee.
TRUSTEE: A financial institution with trust powers that act in a fiduciary capacity for the benefit of the bondholders in enforcing the terms of the bond contract. See Trust Company.
U.S. GOVERNMENT AGENCIES: Instruments issued by various U.S. Government Agencies most of which are secured only by the credit worthiness of the particular agency.
UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member firms as well as nonmember broker-dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15 to 1; Also called SEC RULE 15(C)3-1, Net Capital Rule and Net Capital Ratio. Indebtedness covers all money owed to a firm, including margin loans and commitments to purchase securities, one reason new public issues are spread among members of underwriting syndicates. Liquid capital includes cash and assets easily converted into cash.
YIELD: The rate of annual income return on an investment, expressed as a percentage. a) INCOME YIELD is obtained by dividing the current dollar income by the current market price for the security. b) YIELD AT MATURITY is the current income yield minus any premium above par or plus any discount from par in purchase price, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond.
YIELD CURVE: Yield calculations of various maturities at a given time to observe spread difference.
Item No. 4.8
City of Laguna Hills
City Council / Planning
Agency
Staff Report
Date: September 22, 2026
To: Mayor and Council Members
From: Jennifer Lowe, Community Development Director
Issue: Development Application Status Report
Recommendation: That the City Council receive and file the report.
Background:
The City Council has indicated that based on potential impact(s) to the community, certain projects warrant a regular status update. The purpose of this Status Report is to identify new and pending major development applications in process with the City’s Community Development Department which will require a public hearing. Links to project documents are available on the City’s website at:
https://lagunahillsca.gov/PlanningProjects.
Case Number USE-0264-2026 (SDP/TTM)
Project Location 23172 Plaza Pointe Drive, 23421 & 23441 South Pointe Drive Project
Description
Request to construct 100 attached single-family residential units.
Applicant Aylene Chu, on behalf of Toll West Coast, LLC Project Planner David See, Contract Planner
Status This project was formally submitted on May 14, 2026. A letter deeming the application incomplete and notifying the applicant of items needed to complete staff’s review was sent on June 12, 2026. This item will be scheduled for public hearing when ready.
Item No. 4.8
Case Number USE-0254-2026 (SDP/CUP/MSP)
Project Location 23000 Lake Forest Drive
Project
Description
Request for a site development permit, conditional use permit, and master sign program to demolish a vacant restaurant building and construct a new self-service car wash.
Applicant Quick Quack Car Wash
Donald Shiveley, on behalf of UB Properties Series 2, LLC Project Planner Talia Markison, Assistant Planner
Status This project was formally submitted on February 9, 2026. On March 11, 2026, staff notified the applicant that the application was determined to be incomplete. Staff reviewed the entire application for consistency with applicable development standards. Staff is continuing to work with the Applicant on various aspects of the application. This item will be scheduled for public hearing when ready.
Fiscal Impact:
None.
Attachments:
None
Item No. 5.2.1
City of Laguna Hills
City Council / Planning
Agency
Staff Report
Date: September 22, 2026
To: Mayor and Council Members
From: Joe Ames, Assistant City Manager
Issue: Proposed Resolution Removing a Portion of the No Parking Restriction, Modifying the Length of the Existing Parking Permit Zone, and Establishing a Street Sweeping Parking Prohibition on the North Side of Laguna Hills Drive
Recommendation: That the City Council adopt a Resolution entitled "A Resolution of the City Council of the City of Laguna Hills, California, Removing a Portion of the No Parking Restriction, Modifying the Length of the Existing Permit Parking Zone, and Establishing a No Parking Zone During the Days and Hours of Street Sweeping on the North Side of Laguna Hills Drive Between Indian Hill Lane and Paseo de Valencia."
Background:
During the August 25, 2026, City Council meeting, the City Council requested that City staff return to the September 8, 2026, City Council meeting with an evaluation of the efficacy of providing additional unrestricted parking on the north side of Laguna Hills Drive between the westerly limit of Indian Hill Lane and the easterly limit near Paseo de Valencia.
At the September 8, 2026, City Council meeting, City staff made a presentation and recommended allowing parking on the north side of Laguna Hills Drive to provide parking for nearby apartment complexes and to lessen the impact of displaced vehicles parking near Beckenham Park, Camberwell Street, Beckenham Street, and in the Sunset Place neighborhood.
Currently, an 800 ft. portion of the north side of Laguna Hills Drive is reserved for "daytime" parking by permit only. Resolution No. 2005-07-12-2 established a Permit Parking Only Zone and No Overnight Parking from 10:00 p.m. to 6:00
Item No. 5.2.1
a.m. on the northerly side of Laguna Hills Drive from 200 feet to 1,000 feet westerly of Paseo de Valencia (a length of 800 feet). Thus, only permit parking is allowed 6:01 a.m. to 9:59 p.m., and no parking is allowed 10:00 p.m. to 6:00 a.m. According to a June 15, 2005, City Council agenda report, unrestricted parking on the north side of Laguna Hills Drive was temporarily authorized at that time to allow for overflow student parking during a construction project at Laguna Hills High School that temporarily reduced available parking on-site.
However, at the conclusion of the construction project, the adjoining medical office building requested permit parking for their staff as they found on-street parking useful during that period of time. City Council granted the request. The remaining portion of the north side of Laguna Hills Drive between Indian Hill Lane and the permit parking zone is signed as "No Parking Anytime." Due to the presence of a speed feedback sign and horizontal curve, City staff recommends that if parking is allowed on the north side of Laguna Hills Drive, that the parking zone start 650 feet east of Indian Hill Lane (about 1,900 west of Paseo de Valencia) and extend toward Paseo de Valencia to the existing permit parking zone. City staff estimates that 30 parking stalls could be striped within this segment.
In addition, based on City staff observations and historical aerial and street view photographs, attached, it was discovered that the existing permit parking zone is actually signed as being 1,000 feet in length and that the entire permit parking zone is rarely utilized fully. Therefore, it is City staff's opinion that the portion of north Laguna Hills Drive reserved for permit parking only can be reduced from a length of 1,000 feet to a length of 600 feet, thereby creating approximately 16 additional unrestricted parking stalls for a total of approximately 46 parking stalls.
After receipt of the above information, City Council directed City staff to return to the next City Council meeting with a Resolution rescinding a portion of the existing No Parking Anytime zone, modifying the limits of the existing permit parking zone to 200 feet to 800 feet west of Paseo de Valencia (resulting in a 600 ft. permit parking zone length), and implementing no parking during the days and hours of street sweeping. The Resolution is attached for adoption.
Fiscal Impact:
If parking is allowed on the north side of Laguna Hills Drive as described in the staff report above, the estimated cost of signing and striping, including marking parking space stalls, is $12,000. There is sufficient budget within the Public Works operating budget for this work.
Item No. 5.2.1
Attachments:
1. Proposed Resolution
2. Laguna Hills Drive: Existing and Potential Parking Areas on the North Side of the Streeet
3. Undated November 2025 Street View Photo of Laguna Hills Drive
4. September 2, 2026 Street View Photos of Laguna Hills Drive
5. Undated 2017 Laguna Hills Drive Aerial Photo
6. Undated 2019 Laguna Hills Drive Aerial Photo
7. Undated 2021 Laguna Hills Drive Aerial Photo
8. Undated 2022 Laguna Hills Drive Aerial Photo
9. Resolution No. 2005-07-12-2 and July 12, 2005 City Council Agenda Report
RESOLUTION NO. 2026-09-22-X
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LAGUNA HILLS, CALIFORNIA, REMOVING A PORTION OF
THE NO PARKING RESTRICTION, MODIFYING THE
LENGTH OF THE EXISTING PERMIT PARKING ZONE,
AND ESTABLISHING A NO PARKING ZONE DURING THE
DAYS AND HOURS OF STREET SWEEPING ON THE
NORTH SIDE OF LAGUNA HILLS DRIVE BETWEEN
INDIAN HILL LANE AND PASEO DE VALENCIA
The City Council of the City of Laguna Hills, California, hereby finds, determines, declares, and resolves as follows:
WHEREAS, Vehicle Code Section 22507, subdivision (a), authorizes the City to prohibit or restrict the parking of vehicles on certain streets or highways, or portions thereof, during all or certain hours of the day; and
WHEREAS, Chapter 11-12 “Stopping, Standing and Parking” of the Laguna Hills Municipal Code establishes the City’s regulations pertaining to the stopping, standing and parking of vehicles; and
WHEREAS, Section 11-12.010 of the Laguna Hills Municipal Code provides that regulations pertaining to the stopping, standing or parking of vehicles shall be established by ordinance or resolution of the City Council; and WHEREAS, the City currently prohibits parking at any time (No Parking Any Time Zone) on a portion of the north side of Laguna Hills Drive between Indian Hill Lane and Paseo De Valencia, except for a permit parking only zone; and WHEREAS, Resolution No. 2005-07-12 established a Permit Parking Only Zone and No Overnight Parking from 10:00 p.m. to 6:00 a.m. on the north side of Laguna Hills Drive from 200 feet to 1,000 feet west of Paseo de Valencia (a length of 800 feet); and
WHEREAS, a field review determined the existing Permit Parking Only Zone is signed for approximately 200 feet to 1,200 feet west of Paseo de Valencia (a length of 1,000 feet); and
WHEREAS, the City Council hereby determines that, to provide additional parking and promote vehicular circulation, and to promote the health, safety, and welfare of the public, a portion of the existing No Parking Any Time Zone should be removed to allow for unrestricted parking, and the existing Permit Parking Only Zone should be modified to reduce the length of the zone from 1,000 feet to 600 feet to create additional unrestricted parking west of the permit parking only zone; and
Resolution No. 2026-09-22-X
WHEREAS, the establishment of No Parking Zones during days and hours of street sweeping improves traffic circulation, community aesthetics, and furthers the City’s goal of achieving improved water quality; and
WHEREAS, it has been determined that removal of a portion of the existing No Parking Any Time Zone, modification of the length of the existing Permit Parking Only Zone, and establishment of a No Parking Zone during days and hours of street sweeping are necessary to alleviate adverse parking conditions in the area and improve traffic circulation, community aesthetics, and further the City’s goal of achieving improved water quality.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAGUNA
HILLS, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1. The foregoing recitals are true and correct and are incorporated herein by reference.
SECTION 2. To provide additional parking and promote vehicular circulation, and to promote the health, safety, and welfare of the public, the following actions are undertaken:
• The Permit Parking Only Zone established by Resolution No. 2005-07-12-2 is hereby modified to 200 feet to 800 feet westerly of Paseo de Valencia; • The No Parking Any Time Zone from 1,000 feet to 1,900 feet westerly of Paseo de Valencia is hereby removed;
• A No Parking Zone from 200 feet to 1,900 feet westerly of Paseo de Valencia and during the days and hours of street sweeping is hereby established on the second and fourth Tuesday of each month between the hours of 8:00 a.m. to 12:00 noon; • General parking is provided from 800 feet to 1,900 feet westerly of Paseo de Valencia; and
• Remaining portions of the north side of Laguna Hills Drive between Indian Hill Lane and Paseo de Valencia are reaffirmed to be No Parking Any Time Zones.
SECTION 3. The City Engineer is hereby directed to and shall cause signs and/or markings to be placed giving adequate notice of the modified Permit Parking Only Zone and No Parking Zone established herein.
SECTION 4. The City Council finds and determines that the removal of the parking prohibitions, modification of the permit parking only zone, and establishment of a No Parking Zone are not subject to the California Environmental Quality Act pursuant to Sections 15060(c)(2) (the activity will not result in a direct or reasonably foreseeable indirect physical change in the environment) and 15060(c)(3) (the activity is not a project as defined in Section 15378) of the CEQA Guidelines, Cal. Code of Regs, Title 14,
Resolution No. 2026-09-22-X
Chapter 3, because it has no potential for resulting in physical change to the environment, directly or indirectly.
PASSED, APPROVED, AND ADOPTED this _____ day of _______ 2026. ____________________________________
DON CASKEY, MAYOR
ATTEST:
______________________________________
JOSHUA STEVENSON, CITY CLERK
Resolution No. 2026-09-22-X
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF LAGUNA HILLS )
I, Joshua Stevenson, City Clerk of the City of Laguna Hills, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 2026-09-22-X adopted by the City Council of the City of Laguna Hills, California, at a Regular Meeting thereof held on the 22nd day of September 2026, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(SEAL)
_____________________________________
JOSHUA STEVENSON, CITY CLERK
Existing Parking Restrictions and Potential Changes
Photos of Existing Permit Parking Zone on Westbound (North Side of) Laguna Hills Drive September 2, 2026 @ 9:02 AM
September 2, 2026 @ 9:04 AM
2017 Laguna Hills Drive Aerial Photo
1'' = 100 ft Laguna Hills Drive 09/02/2026
This map may represent a visual display of related geographic information. Data provided here is not a guarantee of actual field conditions. To ensure complete accuracy, please contact the responsible staff for the most up-to-date information.
2019 Laguna Hills Drive Aerial Photo
1'' = 104 ft Laguna Hills Drive 09/02/2026
This map may represent a visual display of related geographic information. Data provided here is not a guarantee of actual field conditions. To ensure complete accuracy, please contact the responsible staff for the most up-to-date information.
2021 Laguna Hills Drive Aerial Photo
1'' = 100 ft Laguna Hills Drive 09/02/2026
This map may represent a visual display of related geographic information. Data provided here is not a guarantee of actual field conditions. To ensure complete accuracy, please contact the responsible staff for the most up-to-date information.
2022 Aerial Photograph - Laguna Hills Drive
1'' = 100 ft Laguna Hills Drive 09/02/2026
This map may represent a visual display of related geographic information. Data provided here is not a guarantee of actual field conditions. To ensure complete accuracy, please contact the responsible staff for the most up-to-date information.
ISSUE:
SUMMARY:
CITY OF LAGUNA HILLS
AGENDA REPORT
PUBLIC SERVICES DEPARTMENT
REQUEST TO EXTEND THE PERMIT PARKING ZONE ON THE
NORTHSIDE OF LAGUNA HILLS DRIVE, WESTERLY OF PASEO DE
VALENCIA
In the fall of 2003, at the request of Laguna Hills High School and due to on-site construction impacting their parking lots, the Traffic Commission recommended and the City Council then adopted a Resolution establishing a temporary Permit Parking Zone on the northside of Laguna Hills Drive beginning 200 feet westerly of Paseo de Valencia for the primary purpose of assisting overflow parking for high school staff and construction workers and also allowing the adjacent professional medical office building employees to utilize the parking zone. The Permit Parking Zone is no longer necessary to accommodate the construction at Laguna Hills High School. The ownership of the adjacent professional building has requested that the Permit Parking Zone be permitted on a continuous basis to assist them with their parking demands. While parking on an arterial highway is discouraged, this permit parking is the equivalent of a time based parking control and has not resulted in any current traffic control difficulties on the street.
Staff can support the requested extension of the Permit Parking Zone. The Traffic Commission, at the meeting of June 15, 2005, reviewed the existing Permit Parking Zone at the subject location and recommended to the City Council the continuation of the program.
BACKGROUND:
As described in the attached staff reports to the City Council of October 28, 2003, and September 23, 2003, (including a vicinity map), a Permit Parking Zone was established by Resolution of the City Council for the northside of Laguna Hills Drive from 200 to 1,000 feet westerly of Paseo de Valencia to accommodate temporary parking deficits at the Laguna Hills High School due to campus construction activities. The Resolution established the Permit Parking Zone, authorized permits to be issued to employees of RECOMMENDATION: THAT THE CITY COUNCIL ADOPT A RESOLUTION ENTITLED: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAGUNA
HILLS, CALIFORNIA, ESTABLISHING A PERMIT PARKING ZONE ON A PORTION OF LAGUNA HILLS DRIVE."
JULY 12, 2005, ITEM NO. 7.5A 0. 071205/DEPT/PUBLICSERVICES/CHAR/CITYCOUNCIUAGENDA/PERMIT PARKING ZONE Qf/PD ·-S' 90000.j__~ ~ f-'
Agenda Report
Request to Extend the Permit Parking Zone on
The Northside of Laguna Hills Drive Westerly of
Paseo de Valencia
Laguna Hills High School, construction workers dedicated to the campus construction, and employees of the adjacent professional medical office building at the northwesterly corner of Laguna Hills Drive at Paseo de Valencia. The Permit Parking Zone was scheduled to expire as of June 30, 2005.
As indicated in the attached letter of May 20, 2005, from a representative of the professional office building located at 25261 Paseo de Valencia, Laguna Woods, a request has been made to continue the Permit Parking Program. The stated purpose for the need for the Permit Parking Zone is to allow the employees of the office building to park on Laguna Hills Drive such that the on-site parking lot spaces are available for patient customer parking.
The request to extend the Permit Parking Zone for the professional medical office building raises two issues. The first issue is a question as to the very necessity to provide off-site parking for this office building that, by "Code," should have sufficient on-site parking for both employees and customers. One view of this issue is that the off-site parking can be a supplement to business opportunities and the more customers the better for a business.
The other view of the issue is that the services being provided by the professional medical office building have exceeded the allowable space for the business parking and that some of the operations should move to other building locations such that off-site parking and its impact to the roadway is not necessary.
Additional considerations pertaining to this request are 1) the City Council has established a policy of prohibiting parking on arterial highways and, 2) the existing bike lane on Laguna Hills Drive is blocked by the parking vehicles. The City Council policy of prohibiting parking on arterial highways was established to eliminate truck parking on arterial highways, enhance street sweeping operations, and to maintain good traffic flow on our arterial highways. However, the City Council has allowed some exceptions to this policy in the form of time-based parking and, in the present case, permit parking. The time-based parking occurs on the southside of Laguna Hills Drive adjacent to the Laguna Hills High School to accommodate overflow high school parking and similar parking exists on Paseo de Valencia and La Paz Road in the vicinity of Valencia Elementary School to accommodate overflow school parking. The permit parking is essentially a time-based parking control and fits within the exceptions to the no parking on arterial highways policy established by the City Council. The bike lane issue was not addressed with the current permit parking because the permit parking was established as a temporary occurrence.
However, should the permit parking be extended on a continuing basis, it will be necessary to remove, by sandblasting, the existing bike lane and shift it southerly such that bicycles have a clear marked pathway between the bike lane and the parked vehicles.
JULY 12, 2005, ITEM NO. 7.5A
Agenda Report
Request to Extend the Permit Parking Zone on
The Northside of Laguna Hills Drive Westerly of
Paseo de Valencia
An alternative to the permit parking is to establish time-based parking. Similar to the time-based parking on the southside of Laguna Hills Drive, parking could be allowed for all vehicles from 6:00 a.m. to 10:00 p.m. However, it is not desirable to have high school age drivers parking across the street from school due to concerns they will make midblock crossings. The time based parking may be fully utilized by the nearby housing development and short-term truck parking could result; both of which would deplete the parking supply.
In reviewing each of these matters, staff can support the extension of the permit parking program as it can be terminated at any time by the City Council should the permit parking become problematic for the various reasons stated, or for reasons not readily identifiable at this time.
FISCAL IMPACT:
The Permit Parking Zone has already been established on the northside of Laguna Hills Drive and, with the exception of staff time to renew permits, and the relocation of the bike lane (estimated at $1,000), there will be no new costs for the extension of this program.
CEQA FINDINGS:
Categorical Exemption: Title 14, California Code of Regulations, Section 15321, Class 21, Enforcement Actions by Regulatory Agencies.
RECOMMENDATION: THAT THE CITY COUNCIL ADOPT A RESOLUTION ENTITLED: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAGUNA . HILLS, CALIFORNIA, ESTABLISHING A PERMIT PARKING ZONE ON A PORTION OF LAGUNA HILLS DRIVE."
ATTACHMENTS:
• Resolution
• October 28,2003, and September 23, 2003, staff reports • May 20, 2005, Letter from Steve McNicholas, DDS.MS
JULY 12, 2005, ITEM NO. 7.5A
RESOLUTION NO. 2005-07-12-2
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LAGUNA HILLS, CALIFORNIA, ESTABLISHING A PERMIT
PARKING ZONE ON A PORTION OF LAGUNA HILLS
DRIVE
WHEREAS, Vehicle Code Section 22507, subdivision (a), authorizes the City to establish preferential parking on public streets and to adopt provisions that are reasonable and necessary to ensure the effectiveness of the preferential parking program; and
WHEREAS, Vehicle Code Section 22507, subdivision (b), authorizes the City to establish preferential parking permits for designated groups on specified streets if the City determines that the use of the permits will not adversely affect parking conditions for residents and merchants in the area; and WHEREAS, the City has determined that parking permits will not adversely affect parking conditions for residents and merchants in the area because there are no residential properties that front the area, and the one adjacent professional office building will benefit because their employees may apply for parking permits; and WHEREAS, the City Council of Laguna Hills has determined that the permit parking program is a 'Project" pursuant to California Environmental Quality Act (Pub. Resources Code, Section 21000 et seq.) ("CEQA").
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAGUNA
HILLS, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1. The permit parking program is categorically exempt from CEQA pursuant to the following Categorical Exemption: Title 14, California Code of Regulations, Section 15321 , Class 21, Enforcement Actions by Regulatory Agencies SECTION 2. A permit parking area is hereby established on the northerly side of Laguna Hills Drive from 200 feet to 1000 feet westerly of Paseo de Valencia.
SECTION 3. The City Engineer is authorized to establish rules and procedures, and to produce signs, forms, and other materials necessary, or appropriate, to implement the provisions of the permit parking program.
SECTION 4.
provisions:
The permit parking program shall be subject to the following 1
A. Applications for parking permits may be made by the adjacent professional office building.
B. Applications shall be the sole responsibility of the applicant, and shall be filed with the City Engineer, or his designated representative.
C. Each applicant must be 18 years of age or older.
D. Each applicant will receive one parking decal per vehicle registered to the applicant. Decals will only be issued for personal passenger vehicles; construction or commercial vehicles do not qualify for a decal.
E. Any permit decal issued pursuant to this section to a person shall be valid on a yearly basis and is issued to the owner of the vehicle. Parking permits are non-transferable.
F. A permit parking decal shall be, at all times, prominently displayed at the front left corner of the driver's dashboard.
G. Applicants for parking permits shall pay a $15 administrative fee.
H. Overnight parking is prohibited between the hours of 10:00 p.m. and 6:00 a.m.
PASSED, APPROVED, AND ADOPTED this 1ih day of July 2005.
ATTEST:
MAR
2
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF LAGUNA HILLS )
I, Mary A. Carlson, City Clerk of the City of Laguna Hills, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 2005-07-12-2 adopted by the City Council of the City of Laguna Hills, California, at a Regular Meeting thereof held on the 1 ih day of July 2005, by the following vote:
AYES: Council Members Carruth, Lautenschleger, Songstad, and Mayor Bressette
NOES: None
ABSENT: Mayor Pro Tempore Scott
ABSTAIN: None
(SEAL)
/
•• ARLSON, CITY CLERK
071205/dept/publicsrvices/char/agenda/citycouncil/permit parking resolution 3
ISSUE:
SUMMARY:
CITY OF LAGUNA HILLS
AGENDA REPORT
PUBLIC SERVICES DEPARTMENT
RESOLUTION ESTABLISHING A TEMPORARY PERMIT PARKING
ZONE ON THE NORTHERLY SIDE OF LAGUNA HILLS DRIVE
WESTERLY OF PASEO DE VALENCIA
The City Council, at the meeting of September 23, 2003, approved the concept of a temporary permit parking zone on a portion of Laguna Hills Drive to facilitate the loss of parking at Laguna Hills High School due to construction activities on the campus. The resultant overflow parking is expected to consist of construction worker private passenger vehicles and, possibly, school administrators. The adjacent professional office building staff would also be provided the opportunity to use the temporary parking . . To create the permit-parking program, a Resolution must be adopted.
BACKGROUND:
Laguna Hills High School is undergoing renovation that has temporarily reduced available on-site parking spaces. As requested by the school principal, the City Council approved the concept of a temporary permit-parking zone on the northerly side of Laguna Hills Drive for an 18-month period. The permit-parking zone must be established by Resolution and will follow the procedures of our residential streets permit-parking program. However, this program will be limited to adult drivers, no students, and will expire with the completion of construction at the High School, estimated to be in June 2005. Adoption of the Resolution is recommended.
RECOMMENDATION: THAT THE CITY COUNCIL ADOPT A RESOLUTION ENTITLED: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAGUNA
HILLS, CALIFORNIA, ESTABLISHING TEMPORARY PERMIT PARKING ON A
PORTION OF LAGUNA HILLS DRIVE PURSUANT TO VEHICLE CODE SECTION 22507.
102803/dept'publicservlces/char/citycouncil/agenda/temporary parking permit report OCTOBER 28, 2003, ITEM NO. 4.8
0 ,~3(p{p
JUL 1 2 2005 ITEM 7
Agenda Report
Resolution Establishing a Temporary Permit
Parking Zone on the Northerly Side of Laguna
Hills Drive Westerly of Paseo de Valencia
Page2
FISCAL IMPACT:
The establishment of a temporary permit parking zone on the northerly side of Laguna Hills Drive, from 200 to 1,000 feet westerly of Paseo de Valencia, will require the posting of three signs at an estimated cost of $600. Funds are available for this work in the FY 2003-04 Public Works Maintenance Budget.
CEQA FINDINGS:
Categorical Exemption: Title 14, California Code of Regulations, Section 15321, Class 21, Enforcement Actions by Regulatory Agencies.
RECOMMENDATION: THAT THE CITY COUNCIL ADOPT A RESOLUTION ENTITLED: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAGUNA
HILLS, CALIFORNIA, ESTABLISHING TEMPORARY PERMIT PARKING ON A
PORTION OF LAGUNA HILLS DRIVE PURSUANT TO VEHICLE CODE SECTION 22507.
ATTACHMENTS:
• Resolution
OCTOBER 28, 2003, ITEM NO. 4.8
JUL 1 2 2005 ITEM 7
RESOLUTION NO. 2003-10-28-3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LAGUNA HILLS, CALIFORNIA, ESTABLISHING
TEMPORARY PERMIT PARKING ON A PORTION OF
LAGUNA HILLS DRIVE PURSUANT TO VEHICLE CODE
SECTION 22507
WHEREAS, the City Council of Laguna Hills desires to establish temporary permit parking on the northerly side of Laguna Hills Drive to mitigate the loss of parking at Laguna Hills High School caused by significant campus construction; and WHEREAS, the City Council of Laguna Hills desires to establish the temporary permit parking area for construction workers working at Laguna Hills High School, Laguna Hills High School administrators and teachers, and employees of the adjacent professional office building; and
WHEREAS, Vehicle Code section 22507, subdivision (a), authorizes the City to establish preferential parking on public streets and to adopt provisions that are reasonable and necessary to ensure the effectiveness of the preferential parking program; and
WHEREAS, Vehicle Code section 22507, subdivision {b), authorizes the City to establish preferential parking permits for designated groups on specified streets if the City determines that the use of the permits will not adversely affect parking conditions for residents and merchants in the area; and
WHEREAS, the City has determined that temporary parking permits will not adversely affect parking conditions for residents and merchants in the area because the temporary permit parking area is currently a no parking anytime zone, there are no residential properties that front the area, and the one adjacent professional office building will benefit because their employees may apply for temporary parking permits; and
WHEREAS, the City Council of Laguna Hills has determined that the temporary permit parking program is a "project" pursuant to California Environmental Quality Act (Pub. Resources Code, Section 21000 et seq.} ("CEQA"); and WHEREAS, the City Council of Laguna Hills has determined that the temporary permit parking program is categorically exempt from CEQA pursuant to the following Categorical Exemption: Title 14, California Code of Regulations, Section 15321, Class 21, Enforcement Actions by Regulatory Agencies.
1 JUL 1 2 2005 ITEM 7 . 5 A
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAGUNA
HILLS, CALIFORNIA, DOES RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1. A temporary permit parking area is hereby established on the northerly side of Laguna Hills Drive from 200 feet to 1000 feet westerly of Paseo de Valencia for construction workers working at Laguna Hills High School, Laguna Hills . High School administrators and teachers, and employees of the adjacent professional office building.
SECTION 2. The temporary permit parking program will generally be effective from December of 2003 until June of 2005 to coordinate with significant campus construction at Laguna Hills High School and may be extended by the City Engineer until the construction is completed.
SECTION 3. The City Engineer is authorized to establish rules and procedures, and to produce signs, forms, and other materials necessary, or appropriate, to implement the provisions of the temporary permit parking program.
SECTION 4. The temporary permit parking program shall be subject to the following provisions:
A. Applications for temporary parking permits may be made by the following:
construction workers working at Laguna Hills High School; Laguna Hills High School administrators and teachers; and employees of the adjacent professional office building.
B. Applications shall be the sole responsibility of the applicant, and shall be filed with the City Engineer, or his designated representative.
C. Each applicant will receive one permit parking decal per vehicle registered to the applicant. Decals will only be issued for personal vehicles; construction vehicles do not qualify for a decal.
D. Any permit decal issued pursuant to this section to a person shall be valid so long as the person to whom the permit is Issued owns the vehicle and so long as the construction continues at Laguna Hills High School. Temporary parking permits are non-transferable.
E. A permit parking decal shall be, at all times, prominently displayed at the front left comer of the driver's dashboard.
2 JUL 1 2 zoos ITEM 7
PASSED, APPROVED, AND ADOPTED this 28th day of October 2003.
ATTEST:
~&A~ MARA.RLSON, CITY CLERK
STATE OF CALIFORNIA }
COUNTY OF ORANGE ) ss
CITY OF LAGUNA HILLS )
I, Mary A. Carlson, City Clerk of the City of Laguna Hills, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 2003-10-28-3 adopted by the City Council of the City of Laguna Hills, California, at a Regular Meeting thereof held on the 28th day of October 2003, by the following vote:
A YES: Council Members Bressette, Carruth, Scott, Mayor Pro Tempore Lautenschleger, and Mayor Songstad
NOES: None
ABSENT: None
ABSTAIN: None
. . .
(SEAL)
&:AO>'-
3 JUL l 2 ZU05 ITEM 7 . 5 A
CITY OF LAGUNA HILLS
AGENDA REPORT
PUBLIC SERVICES DEPARTMENT
ISSUE: TEMPORARY PERMIT PARKING ZONE ON LAGUNA HILLS DRIVE SUMMARY:
Laguna Hills High School is undertaking a major renovation project to improve the campus. The work will necessarily result in the temporary displacement of numerous parking stalls. The project will last up to 18 months and the High School Principal, Mr.
Frank Manzo, has requested consideration of allowing parking on the north side of Laguna Hills Drive as needed for the construction workers on a permit basis. Staff is supportive of this concept of temporary permit parking on the north side of Laguna Hills Drive provided the parking permits are limited to adults and not issued to student drivers.
BACKGROUND:
The City's Municipal Code allows the establishment of Residential Permit Parking areas as established by Resolution of the City Council to include designation of the boundaries of the parking area and the nature of the parking limitations that will apply to the parking area. Currently, the City has two residential permit parking zones, one along Rapid Falls Road near Cabot Park and the other along Stockport Street and Wilkes Places near Stockport Park. The Permit Parking Program is administered by the Public Services Department.
Laguna Hills High School, located at the intersection of Paseo de Valencia and Laguna Hills Drive, is undergoing a major renovation to improve the campus facilities. The Principal of the school, Mr. Frank Manzo, has submitted the attached letter of August 24, 2003, describing the expected work and the impact the project will have on existing parking. In order to provide the maximum amount of parking for students on the campus site, Mr. Manzo has suggested allowing permit parking of a temporary nature on the north RECOMMENDATION: THAT THE CITY COUNCIL APPROVE THE CONCEPT OF A
TEMPORARY PERMIT PARKING ZONE ON THE NORTH SIDE OF LAGUNA HILLS
DRIVE AND DIRECT STAFF TO PREPARE AN AMENDMENT TO THE MUNICIPAL CODE TO ALLOW A PERMIT PARKING ZONE ON AN ARTERIAL HIGHWAY. 092303/DEPT/PUBLICSERVICES/CHAR/AGENDA/CITYCOUNCIL/PERMIT PARKING LAGUNA HILLS DRIVE SEPTEMBER 23, 2003, ITEM NO. 4.12
JUL 1 2 2005 ITEM 7 . 5 A
Agenda Report
Permit Parking on North Side of Laguna Hills Drive
side of Laguna Hills Drive from Paseo de Valencia to Indian Hill Lane. Please see attached vicinity map. The need to use the proposed Permit Parking Zone will vary depending upon the number of construction activities occurring at any one time.
Currently, parking is prohibited on the north side of Laguna Hills Drive. The south side of Laguna Hills Drive does allow parking between specified hours and effectively provides overflow parking for students to park on the same side of the street as the high school.
Conversely, the north side of Laguna Hills Drive does not allow parking so that students are not tempted to make an unsafe crossing on this arterial highway. However, to address the temporary need for additional parking, Mr. Manzo is suggesting that parking permits be limited to the construction workers and school officials, (and perhaps the business operator of the professional office at the northwest comer of Laguna Hills Drive and Paseo de Valencia in the City of Laguna Woods). Staff views this proposal as reasonable and a potential solution to this temporary parking need.
If a Permit Parking Zone is established on the north side of Laguna Hills Drive, it should be clear that it is temporary and will expire 18 months from its established date. The actual use of the Permit Parking Zone will vary depending upon the number of workers and trades involved in various stages of work at the high school and the need for any school officials or the adjacent business owner to park on the street. Staff proposes that the Permit Parking Zone begin approximately 150 feet westerly of Paseo de Valencia and end 500 feet before Indian Hill Lane to avoid traffic congestion at these comers and site distance restrictions. The existing bike lane on the north side of Laguna Hills Drive will have to be adjusted during the existence of the temporary Permit Parking Zone.
The establishment of the proposed temporary Permit Parking Zone on the north side of Laguna Hills Drive will require an Amendment of the Municipal Code to allow such zones on arterial highways as the Code only currently applies to residential streets.
Should the City Council support this proposal, staff will return with the Code Amendment at the next meeting and begin preparations for the Permit Parking Zone.
The Zone could be established by December 1, 2003.
FISCAL IMPACT:
The establishment of a Permit Parking Zone on the north side of Laguna Hills Drive will require the installation of approximately four signs and the printing of the parking permit documents at a total estimated cost of $800. Funds are available for this work in the current fiscal year Public Works Maintenance Budget.
SEPTEMBER 23, 2003, ITEM NO. 4.12
JUL 1 2 2005 ITEM 7 . 5 A
Agenda Report
Permit Parking on North Side of Laguna Hills Drive
RECOMMENDATION: THAT THE CITY COUNCIL APPROVE THE CONCEPT OF A
TEMPORARY PERMIT PARKING ZONE ON THE NORTH SIDE OF LAGUNA HILLS
DRIVE AND DIRECT STAFF TO PREPARE AN AMENDMENT TO THE MUNICIPAL CODE TO ALLOW A PERMIT PARKING ZONE ON AN ARTERIAL HIGHWAY.
ATTACHMENTS:
Vicinity Map
Letter from Frank Manzo Dated August 24, 2003
SEPTEMBER 23, 2003, ITEM NO. 4.12
JUL 1 2 2005 ITEM 7 . 5 A
I
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LAGUNA
HIUS •
HIGH SCHOOL
COMMUNllY CEN'JER
AHO SPORTS COMPLEX
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LOMAREN> • TAR
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VICINITY MAP SEP 2 3 ·2003 ITEM 4. 12
JUL 1 2 2005 ITEM 7 . 5 A
LAGU~A HILLS HIGH SCHOOL
25401 Paseo de Valencia
• Laguna Hills, California 92653
Phone: (949} 770-5447
Frank Manzo, Principal
® world school
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August 24, 2003 A National School of Excellence
Mr. Keru1eth H. Rosenfield
Director of Public Services
City of Laguna Hills
25201 Paseo de Alicia
Laguna Hills, CA 92653
RECEtVED
AUG 2 7 2003
"Prepari,:ig today's students to
succeed in tomorrow ·s world."
Subject: The Laguna Hills High School Expansion Project Dear Ken:
The first physical changes on the Laguna Hills High School campus began during the week of August 4 with the removal of several portable classrooms and the demolition of our food service building. These changes signal the beginning of our expansion project that is expected to require 15 to 18 months to complete. In anticipation of the extensive work on the campus and the many workmen from the various trades, Laguna Hills High School is requesting parking be permitted on the north side of Laguna Hills Drive during the construction period.
Due to the limited physical space on campus, a portion of our parking has been designated as a materials lay down area, resulting in a loss of parking spaces. We are presently taldng steps to reduce the number of students driving to school and are seeking additional methods to mitigate the impact of workmen parking on the campus as well.
In order to prevent students from utilizing the north side of -Laguna Hills Drive, I suggest developing a permit process to restrict the parking. Permits could be issued to our site construction manager who would be responsible for issuing the permits to workmen. In addition, employees of the commercial building on the comer of Paseo de Valencia and Laguna Hills Drive may also be issued permits, thus making spaces available for our students on the south side of Laguna Hills Drive. SEP 2 3 2003 ffEM 4 . 12
SADDLEBACK VALLE
UNIFIED SCHOOL DISTRICT
25631 PETER A. HARTMAN WAY
MISSION VIEJO, CALIFORNIA 92691
(949) 586-1234
Jerry C. Gross, Ph.D.
SUPERINTENDENT
BOARD OF EDUCATION
Suzie R. Swartz, President
Ginny Fay Ai/kens, Vice President
Don Sedgwick, Clerk
Dore J. Gilbert, M.D., Member
Nancy W. Kirkpatrick, Member
JUL 1 2 2005 ITEM 7 . 5 A
•
-2-
Thank you for considering this request. Our goal is to minimize the impact of our construction project on our surrounding neighbors and to be a positive, contributing member of the community. Throughout the many years, your support on our behalf is recognized and truly appreciated.
Sincerely,
Frank Manzo
Principal
SEP 2 3 2003 1TEM 4 . 12
JUL 1 2 2005 ITEM 7 . 5 A
Fronk j.
wilkinson
D.D S., INC.
steven n.
me nicholos
D.D S, M.S .. INC.
leslie o.
werksmon
D.DS
2526 l PASEO DE VALENCIA
SUITE 3
LAGUNA HILLS, CA 92653
(949) 581 8890
FAX (949) 58 l 3902
Mr. Ken Rosenfield
City of Laguna Hills
24035 El Toro Rd.
Laguna Hills, Ca 92653
5-20-2005
RECf:1v1:o
NAY p ,i ?nnc;
CfTYoFLA .•
Re: Parking on the North side of Laguna Hills Drive GUNA HILLS Dear Mr. Rosenfield,
I am writing you on behalf of the doctors and staff in
the building located at 25261 Paseo de Valencia. We now have 9 doctors and 31 staff members in our building serving the community of Laguna Hills. Parking for our patients in the building parking lot has become enough of a problem that all staff and doctors are required to park offsite. The permitted parking on the north side of Laguna Hills Drive has worked out well for us, and I feel for our patients in the community.
Parking in this area has not caused any difficulty in
traffic flow, or nuisance to our neighbors across the wall in Leisure World. It has also allowed us to free space in the building parking lot. Should we loose this privilege, our next closest option for parking would be in the high school
parking lot, or down the street in the community center parking lot.
The current permits for parking on the north side of
Laguna Hills Drive are due to expire at the end of June. We ask that the City continue to allow permitted parking in this area, and to consider making those permits permanent.
Youra respe/2:: ~ !, u
Steve Mc~olas DDS. MS
DIPLOMATES AMERICAN BOARD OF ENDODONTICS
JUL 1 2 2 O O 5 lTEM 7 . 5 A
Item No. 6.1
City of Laguna Hills
City Council / Planning
Agency
Staff Report
Date: September 22, 2026
To: Mayor and Council Members
From:
Issue: Review of Automated License Plate Reader (ALPR) Program Recommendation: That the City Council discuss and provide direction.
Background:
At the Special Meeting of the City Council/Planning Agency on August 19, 2026, Councilmember Wheeler motioned for a discussion regarding Automated License Plate Readers (Flock Cameras) be on a future agenda. This motion was seconded by Mayor Caskey.
Staff will be available for questions at the meeting.
Fiscal Impact:
None.
Attachments:
None
Item No. 7.1
City of Laguna Hills
City Council / Planning
Agency
Staff Report
Date: September 22, 2026
To: Mayor and Council Members
From: Joshua Stevenson, City Clerk
Issue: Committee Assignment Reports
Recommendation: That the City Council receive reports from the City Councilmembers on the City Council Committee Assignments listed on the attachment.
Background:
Members of the City Council serve on various boards and committees that impact the City of Laguna Hills. The Council Members will provide periodic updates from these external agencies as they relate to the City.
A complete listing of the City Council Committee Assignments is attached.
Fiscal Impact:
The City does not provide any additional compensation to City Council members for serving on outside agency boards or committees.
Attachments:
1. City Council Committee Assignments
City of Laguna Hills, CA
City Council Committee Assignments
Agency LH
Representative
LH
Alternate Link Meetings
Transportation Corridor Agencies Joint
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Directors (OCFA) Sweeney N/A https://ocfa.org/about-us/board-meetings/ Monthly Orange County Mosquito and Vector
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Pezold N/A https://www.ocvector.org/board-meetings Monthly Orange County Older Adults Advisory
Commission Wheeler N/A
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Orange County Library Advisory Board
(LAB) Wheeler Sweeney https://www.ocpl.org/about-ocpl/libraryadvisory-board 3x/year Southern California Association of
Governments (SCAG) Annual General
Assembly
Caskey Wheeler https://scag.ca.gov/leadership-generalassembly Annually California Joint Powers Insurance
Authority (CJPIA) Annual Board of
Directors Meeting
Mayor Mayor Pro
Tem https://cjpia.org/about/meetings-agendas/ Annually
Association of California Cities – Orange
County (ACC-OC) Mayor Mayor Pro Tem
https://www.accoc.org/event-detailsregistration/acc-oc-2026-annual-leadershipsummit-and-golden-hub-of-innovationawards Annually