Agenda packet — Lake Elsinore City Council, January 10, 2023 (part 6 of 6)

REPORT TO SUCCESSOR AGENCY
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, Executive Director
Prepared by: Candice Alvarez, MMC, Agency Clerk
Date: January 10, 2023
Subject: Minutes of the Regular Successor Agency Meeting of December 13, 2022 Recommendation
Approve the Minutes.

Attachments
Attachment 1 - Draft Minutes
City of Lake Elsinore
City Council Meeting Minutes – Final
Timothy J. Sheridan, Mayor
Natasha Johnson, Mayor Pro Tem
Robert E. Magee, Council Member
Brian Tisdale, Council Member
Steve Manos, Council Member
Jason Simpson, City Manager
Meeting Date:

December 13, 2022
Closed Session: 5:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530

CALL TO ORDER
The Regular Meeting of the City Council was called to order at 5:00 p.m.

ROLL CALL

Present: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale

Absent: 0 - None

CLOSED SESSION
The City Council recessed into Closed Session at 5:01 p.m.

RECONVENE/CALL TO ORDER
The Regular meeting of the City Council reconvened and the Regular meeting of the Successor Agency was called to order at 7:00 p.m.

PLEDGE OF ALLEGIANCE
Members of Boy Scouts Troop 300 led the Pledge of Allegiance.

INVOCATION/MOMENT OF SILENCE

ROLL CALL

PRESENTATIONS/CEREMONIALS
1) Installation of Re-elected City Council Members
City Clerk Alvarez presented Certificates of Election to re-elected Council Members Tisdale and Sheridan and issued the Oath of Office to Council Member Tisdale.

Maha Rizvi, California Democratic Party Region 13 Director, issued the Oath of Office to Council Member Sheridan.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 2 :
2) Dedication of the Chris Hyland Plaque
Mayor Sheridan and City Manager Simpson presented the Plaque dedicating Riverside Drive in honor of Chris Hyland.
3) Dream Extreme Future Leaders
Present Certificates of Recognition to the 2022 Dream Extreme Future Leaders Program Participants.

Mayor Sheridan City Clerk Alvarez presented Certificates of Recognition to 2022 Dream Extreme Future Leaders Program participants.

CLOSED SESSION REPORT
City Attorney Leibold reported that both items were discussed and the City Council directed and authorized the City Attorney’s Office to initiate litigation.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - ONE MINUTE
Douglas Norfolk, Paulie Tehrani, Ace Vallejos, Derek Kinnison, and Kimberly Ryan were called to speak.

CITY COUNCIL CONSENT CALENDAR
Motion by Council Member Manos, second by Mayor Pro Tem Johnson to approve the City Council Consent Calendar with Agenda Item Nos. 13 and 14 being continued to January 10, 2023 and Agenda Item No. 17 being removed for discussion. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
4) Minutes of the Regular City Council Meeting of November 8, 2022 Approve the Minutes.

This item was approved on the City Council Consent Calendar. 5) CC Investment Report for October 2022
CC Investment Report Dated October 1, 2022 to October 31, 2022. Receive and file.

This item was approved on the City Council Consent Calendar. 6) CC Warrant Report Dated Oct 21, 2022 to Oct 27, 2022 Receive and File.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 3 :
7) CC Warrant Report Dated Oct 28, 2022 to Nov 03, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 8) CC Warrant Report Dated Nov 04, 2022 to Nov 10, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 9) CC Warrant Report Dated Nov 11, 2022 to Nov 17, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 10) CC Warrant Report Dated Nov 18, 2022 to Nov 22, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 11) Second Reading of an Ordinance Amending Lake Elsinore Municipal Code Section

2.08.020 for the Purpose of Increasing City Council Compensation to $744 Per Month Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL

OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING LAKE ELSINORE MUNICIPAL CODE (LEMC) SECTION 2.08.020 COMPENSATION, FOR THE PURPOSE OF INCREASING CITY COUNCIL COMPENSATION TO $744 PER MONTH.

This item was approved on the City Council Consent Calendar. 12) Annual Bond Accountability Report for Fiscal Year 2021-22 Receive and file the Annual Bond Accountability Report for Fiscal Year 2021-22 pursuant to SB 165 which was transmitted on November 18, 2022 to the City Clerk and to City Council on or before December 31, 2022 as required.

This item was approved on the City Council Consent Calendar. 13) Lake Elsinore Community Facilities District No. 2015-1 (Safety Services) Declaring its Intention to Consider Annexing Territory Tract No. 38116 Annexation No. 13 Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-1 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES),

DECLARING ITS INTENTION TO CONSIDER ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2015-1 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES).

This item was continued to January 10, 2023.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 4 :
14) Annexation No. 18 into Community Facilities District No. 2015-2 (Maintenance Services) for TR 38116 (Lakeside)
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE

DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 18) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.

This item was continued to January 10, 2023.
15) Agreement for the Purchase of a Replacement Website Design and Hosting Software Approve and Authorize the City Manager to enter into a contract with CivicPlus for $39,717.00 to design and host the City’s website.

This item was approved on the City Council Consent Calendar. 16) Revised Grant of Easement to Elsinore Valley Municipal Water District for Purposes of Pump Station on 71 Acre Mitigation Area
Approve and authorize the City Manager to execute the Revised Grant of Easement, and such other ancillary documents as may be necessary, in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 17) Construction Agreement with Beck Company, Inc. for the Demolition and Removal of the Coco’s Restaurant Located at 31706 Casino Drive, Lake Elsinore, CA 92530 (Project No. Z3021blddemo)

1. Approve and authorize the City Manager to execute an Agreement in an amount not to exceed seventy-six thousand one hundred and three dollars and no cents ($76,103.00) with Beck Company, Inc. for the Demolition and Removal of the Coco’s Restaurant Building Located at 31706 Casino Drive, Lake Elsinore CA 92530, Project No.

Z3021BLDDEMO in the form attached and in such final form as approved by the City Attorney; and

2. Authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $7,610.00 for construction uncertainties and adjustments.

This item was removed from the City Council Consent Calendar for discussion. 18) Award Public Works’ Construction Agreement to Superior Pavement Markings Inc. for the Annual Traffic Striping Maintenance Program (CIP Project No. Z10004)

1. Approve and authorize the City Manager to execute the Agreement in the not to exceed amount of $499,235 with Superior Pavement Markings for the Annual Traffic Striping Maintenance Program (CIP Project No. Z10004) in the form attached and in such final form as approved by the City Attorney; and

2. Authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $49,923.50 for construction uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 5 :
19) Cost Increase for Acquisition of City Fleet Vehicle Authorize an additional $4,066.83 for the inflation cost for the purchase of 1 (one) Fleet Vehicle.

This item was approved on the City Council Consent Calendar. 20) Purchase of One (1) Agricultural Tractor
Approve and authorize the City Manager to execute a Purchase Order with Quinn AG Products for the purchase of one (1) New Agricultural Tractor Model MF 7700 series in the amount of $86,476.30 (including tax).

This item was approved on the City Council Consent Calendar. 21) Purchase of One (1) Mini Skid Steer Trencher
Approve and authorize the City Manager to execute a Purchase Order with RDO Equipment Co. for one (1) New 2022 Vermeer Mini Skid Steer S925TX Trencher in the amount of $51,706.25 (tax included).

This item was approved on the City Council Consent Calendar. 22) Purchase of Four (4) Utility Carts
Approve and authorize the City Manager to execute a purchase order with John Deere for two (2) John Deere Gator TE Electric 2023 and, two (2) John Deere Gator TX Gas 2023 Utility Carts in the amount of $60,113.53 (including tax).

This item was approved on the City Council Consent Calendar. 23) Pre-designed and Engineered Canopy Shade Structures and Installation from Usa Shade & Fabric Structures for Canyon Hills Community Park, Summerly Park and Swick & Matich Park

1. Approve and authorize the City Manager to execute the agreement with USA Shade & Fabric Structures for the purchase and installation of the canopy shade structures in an amount not to exceed $824,721.90 in such final form as approved by the City Attorney; and

2. Authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $82,472.10 for unanticipated costs.

This item was approved on the City Council Consent Calendar. 24) SAWPA Round 1 Prop 2 Algae Harvester Update
Authorize the City Manager to approve the continued submittal of the grant application with revised project scope and up to $1.5M in City cost share for the $3M project over the 3-year project period.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 6 :
25) Conservation Easement for Approximately 33.8 Acres and Restrictive Covenant for Approximately 66 Acres of City Property in the Back Basin

1. Approve and authorize the City Manager to execute and record a Conservation Easement for approximately 33.8 acres of City property in the Back Basin in substantially the form attached and in such final form as approved by the City Attorney; and

2. Approve and authorize the City Manager to execute and record a Declaration of Restrictive Covenants for approximately 66 acres of City property in the Back Basin in in substantially the form attached and in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR
17) Construction Agreement with Beck Company, Inc. for the Demolition and Removal of the Coco’s Restaurant Located at 31706 Casino Drive, Lake Elsinore, CA 92530 (Project No. Z3021blddemo)

2. Authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $7,610.00 for construction uncertainties and adjustments.

Building Manager Belvin presented a staff report.

Motion by Mayor Pro Tem Johnson, seconded by Council Member Manos to approve Staff’s recommendations. The motion carried by the following vote:

Ayes: 5
-
Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0
-
None

SUCCESSOR AGENCY CONSENT CALENDAR
Motion by Vice Chair Johnson, seconded by Agency Member Manos to approve the Successor Agency Consent Calendar with Chair Sheridan abstaining from Item No. 33. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
26) Minutes of the Regular Successor Agency Meeting of November 8, 2022 Approve the Minutes.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 7 :

This item was approved on the Successor Agency Consent Calendar. 27) SA Investment Report for October 2022
Receive and file the Investment Report for October 2022.

This item was approved on the Successor Agency Consent Calendar. 28) SA Warrant Report Dated Oct 21, 2022 to Oct 27, 2022 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 29) SA Warrant Report Dated Oct 28, 2022 to Nov 03, 2022 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 30) SA Warrant Report Dated Nov 04, 2022 to Nov 10, 2022 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 31) SA Warrant Report Dated Nov 11, 2022 to Nov 17, 2022 Receive and File
This item was approved on the Successor Agency Consent Calendar. 32) SA Warrant Report Dated Nov 18, 2022 to Nov 22, 2022 Receive and File
This item was approved on the Successor Agency Consent Calendar. 33) Authorize the Purchase of Field Wall Padding and Associated Padding Repairs from Sports Field Specialties for the Diamond Stadium (CIP Project No. Z20003) Approve and authorize the Executive Director to purchase field wall padding and associated padding repairs from Sports Field Specialties in the amount of $158,808.25 for the Diamond Stadium field wall padding and associated padding repairs project (CIP Project #Z20003).

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARINGS
34) AB1600 Annual Report for Fiscal Year 2021-22
Receive and File.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 8 :

The Public Hearing was opened at 7:36 p.m.

Accounting Specialist Fernandez presented a staff report.

There were no speakers.

The Public Hearing was closed at 7:38 p.m.

Motion by Council Member Tisdale, seconded by Mayor Pro Tem Johnson to receive and file the report. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
35) Planning Application No. 2021-37 (Mason Motorsports): Request for Approval of a Zone Change Amending the Zoning Designation of the 1.56-acre Parcel from C-M (Commercial Manufacturing) to M-1 (Limited Manufacturing), in Conjunction with Industrial Design Review to Construct a Two-Story, 25,449 Square-Foot Industrial Building and Related Site Improvements for an OffRoad Vehicle Manufacturing Facility

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING AN ADDENDUM TO THE 2011

GENERAL PLAN UPDATE ENVIRONMENTAL IMPACT REPORT (STATE
CLEARING HOUSE NO. 2005121019) FOR PLANNING APPLICATION NO. 2021-37 (ZONE CHANGE NO. 2021-03 AND INDUSTRIAL DESIGN REVIEW NO. 2021-06);

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ADOPTING FINDINGS THAT PLANNING
APPLICATION NO. 2021-37 (ZONE CHANGE NO. 2021-03 AND INDUSTRIAL DESIGN REVIEW NO. 2021-06) IS CONSISTENT WITH THE WESTERN

RIVERSIDE COUNTY MULTIPLE SPECIES HABITAT CONSERVATION
PLAN (MSHCP);

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING INDUSTRIAL DESIGN REVIEW NO. 2021-06 FOR THE CONSTRUCTION OF A 25,449 SQUARE FOOT

INDUSTRIAL BUILDING AND RELATED SITE IMPROVEMENTS LOCATED AT APN: 377-430-016; and

4. Introduce by title only and waive further reading of AN ORDINANCE THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING ZONE CHANGE NO. 2021-03.

The Public Hearing was opened at 7:39 p.m.

Associate Planner Beery presented a staff report.

There were no speakers.

The Public Hearing was closed at 7:44 p.m.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 9 :

Motion by Council Member Magee, seconded by Mayor Pro Tem Johnson to adopt the Resolutions and introduce the Ordinance. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None

BUSINESS ITEMS
City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 10 :
36) Amendment of Lake Elsinore Municipal Code Chapter 2.20 Regarding Disaster Relief Introduce by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING CHAPTER 2.20 OF THE LAKE ELSINORE MUNICIPAL CODE (LEMC) REGARDING DISASTER RELIEF.

Emergency Services Manager Mesa presented a staff report.

Motion by Council Member Tisdale, seconded by Mayor Pro Tem Johnson to introduce the Ordinance. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
37) Film Permit Fees and Municipal Code Amendment Regarding Motion Pictures, Television and Broadcasting, and Photographic Production

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING CHAPTER 5.110 FILM PERMIT FEES; and

2. Introduce by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING AND RESTATING CHAPTER 5.110 OF THE LAKE ELSINORE MUNICIPAL CODE

REGARDING MOTION PICTURES, TELEVISION AND BROADCASTING, AND PHOTOGRAPHIC PRODUCTION.

Management Analyst Teahen presented a staff report.

Motion by Council Member Manos, seconded by Mayor Pro Tem Johnson to adopt the Resolution and introduce the Ordinance. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
38) Selection of the Mayor/Chair and Mayor Pro Tem/Vice-Chair for 2023 Select a Mayor/Chair and Mayor Pro Tem/Vice-Chair to serve through December 12, 2023 per City Council Policy No. 200-4.

City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 11 :

Mayor Sheridan yielded the chair to City Clerk Alvarez.

City Clerk Alvarez opened nominations for the seat of Mayor.

Motion by Council Member Manos, seconded by Council Member Tisdale to nominate Council Member Johnson to serve as Mayor for 2023. The motion carried by the following vote:

Ayes: 5 - Mayor Sheridan, Mayor Pro Tem Johnson, and Council Members Magee, Manos, and Tisdale
Noes: 0 - None
Mayor Johnson opened nominations for the seat of Mayor Pro Tem.

Motion by Council Member Tisdale, seconded by Council Member Magee to nominate Council Member Manos to serve as Mayor Pro Tem for 2023. The motion carried unanimously.

Motion by Council Member Tisdale, seconded by Council Member Magee to nominate Council Member Manos to serve as Mayor Pro Tem for 2023. The motion carried by the following vote:

Ayes: 5 - Mayor Johnson, Mayor Pro Tem Manos, and Council Members Tisdale, Sheridan, and Magee.

Noes: 0 - None
Mayor Johnson presented a plaque and gift to outgoing Mayor Sheridan congratulating him on and thanking him for his service over the last year.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES
There were no speakers.

CITY MANAGER'S COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Mayor Pro Tem Manos congratulated Council Members Tisdale and Sheridan on their re-elections and Mayor Johnson on her nomination; congratulated the Dream Extreme Future Leaders on their completion of the Program; and reported on his attendance at the Riverside County Airport Land Use Commission meeting on November 10, 2022, League of California Cities Riverside County Division meeting on November 14, 2022, and Southern California Association of Governments meetings on November 16, 2022.

Council Member Tisdale congratulated Council Member Sheridan on his re-election and thanked him for serving as Mayor in 2022, and Mayor Johnson and Mayor Pro Tem Manos on their nominations; thanked his wife for her support; reported on his attendance at the Northwest Mosquito & Vector Control District Board meeting on November 17, 2022 and Western Riverside City Council Minutes - Draft December 13, 2022
City of Lake Elsinore Page 12 :

Council of Governments Executive Committee meeting on December 5, 2022; and encouraged the community to share its feedback and participate in the General Plan Update by completing the Environmental Justice/Healthy Community Survey by Monday, January 9, 2023.

Council Member Sheridan congratulated Mayor Johnson and Mayor Pro Tem Manos on their nominations and Council Member Tisdale on his re-election; distributed trophies to City staff; reported on his attendance at Riverside Transit Agency meetings on November 16, 2022, November 17, 2022, and December 7, 2022; shared photos and spoke on the City’s Winterfest event that was held on Saturday, December 3, 2022; congratulated this year’s Dream Extreme Future Leaders on their completion of the Program; shared his presentation of a plaque to the Richard Nixon Foundation; announced the Dudes of Canyon Hills Winter’s Wonderland of Lake Elsinore toy giveaway which will be held on December 17, 2022 from 11:00 a.m. to 4:00 p.m. at the Lake Community Center; shared that Elsinore Barber & Beauty Shop is holding a Toy Drive through December 15, 2022 and invited the community to its event on Sunday, December 18, 2022 from 12:00 p.m. to 4:00 p.m. during which toys will be gifted to children ages 0-13; and expressed condolences to the family of Joyce Teyler and spoke on her employment and commitment to the City of Lake Elsinore in the Code Enforcement Division.

Mayor Johnson thanked Boy Scouts Troop 300 for attending and the Dream Extreme Future Leaders for completing the program; congratulated Council Members Tisdale and Sheridan on their re-elections; spoke on the City’s Winterfest event; reported on her attendance in the Western Riverside County Regional Conservation Authority meetings on December 5, 2022 and November 16, 2022; encouraged the community to volunteer for the 2023 Point-In-Time County on January 25, 2023 from 5:30 a.m. to 9:30 a.m.; announced The Elsinore Edition, the City’s new monthly newsletter and encouraged residents to subscribe.

Council Member Magee reported on his attendance at the Riverside County Transportation Commission meeting that was held on November 9, 2022; announced SCCA Autocross Weekend on Saturday, January 14, 2023 and Sunday, January 15, 2023 at Diamond Stadium; shared Pet Care tips for winter weather; and provided updates from Southern California Edison regarding electricity interruptions; and recognized and expressed condolences to the families of Phil Williams and Ruth Atkins.

ADJOURNMENT
The City Council adjourned at 8:38 p.m. in memory of Joyce Teyler, Phil Williams, and Ruth Atkins to the next Regular Meeting on Tuesday, January 10, 2022.

Candice Alvarez, MMC
City Clerk

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY BOARD OF THE REDEVELOPMENT AGENCY OF

THE CITY OF LAKE ELSINORE
To: Honorable Agency Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: January 10, 2023
Subject: SA Warrant Report Dated Nov 23, 2022 to Dec 01, 2022 Recommendation
Receive and File.

Background
The Warrant Report list all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the period shown above.

Attachments
Attachment 1 - Warrant Summary
Attachment 2 - Warrant Listing
NOV 23, 2022 TO DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 530,716.21
103 THE ANCHOR 2,355.93
110 GAS TAX 2,071.08
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 59,863.22 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 17,485.44 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 486.48 180 LAUNCH POINTE 66,201.96
300 INSURANCE SERVICE 3,467.19
305 INFORMATION SYSTEMS SERVICE 35,482.34
310 SUPPORT SERVICE 2,681.91
315 FLEET SERVICE 47,848.59
320 FACILITIES SERVICE 51,616.55
330 CFD 2015-2S MAINTENANCE SERVICES 795.02
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 663.30
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 681.08
333 CFD 2015-4 TERRACINA IMPROVEMENT 681.08
334 CFD 2015-5 TRIESTE IMPROVEMENT 663.30
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 663.30
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 681.08
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 643.98
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 681.08
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 486.48
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 663.30
342 CFD 2007-5S RED KITE SERVICES 486.48
343 CFD 2006-2S VISCAYA SERVICES 486.48
344 CFD 2005-2S ALBERHILL RANCH SERVICES 486.48
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,344.38
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 681.08
350 CFD 98-1 SUMMERHILL IMPROVEMENT 681.08
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 663.30
354 CFD 90-2 TUSCANY HILLS IMPROVEMENT 1,848.70
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 875.67
358 CFD 2007-4S MAKENNA SERVICES 486.48
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 583.33 362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 486.48
366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 1,167.56 367 CFD 2006-1S SUMMERLY SERVICES 486.48
368 CFD 2006-2 VISCAYA IMPROVEMENT 486.48
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 681.08
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 681.08
371 CFD 2005-1 SERENITY IMPROVEMENT 681.08
Attachment 1 1 of 2
NOV 23, 2022 TO DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 681.08
373 CFD 2005-5S WASSON CANYON SERVICES 486.48
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 243.24
375 CFD 2006-4 CLURMAN IMPROVEMENT 243.24
376 CFD 2006-3 LA STRADA IMPROVEMENT 486.48
377 CFD 2006-6 TESSARA IMPROVEMENT 291.89
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 643.98
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 2,335.13
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 681.08
386 CFD 2007-4 MAKENNA IMPROVEMENT 643.98
387 CFD 2007-5 RED KITE IMPROVEMENT 643.98
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 1,751.34
392 CFD 95-1 CIVIC CENTER IMPROVEMENT 681.08
393 AD 93-1 COTTONWOOD HILLS IMPROVEMENT 1,848.70
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 486.48
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 459.99
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 654.18
397 CFD 2019-1 WESTLAKE IMPROVEMENT 654.18
398 CFD 2021-1 TUSCANY VALLEY & CREST IMPROVEMENT 583.33 500 CAPITAL IMPROVEMENT PLAN 205,297.63
540 SARDA DIAMOND STADIUM 3,958.32
608 TRUST DEPOSITS 4,800.00
620 COST RECOVERY TRUST DEPOSITS 6,323.79
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 81.70
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 681.08
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 486.48 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 486.48
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 486.48 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 795.03
GRAND TOTAL $ 1,078,770.43
Attachment 1 2 of 2
NOV 23, 2022 to DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001770 AMAZON BUSINESS $ 17.38
APA23001771 AMERICAN MATERIAL COMPANY 95.80
APA23001772 APPLE ONE 2,041.33
APA23001773 BANNER BANK 4,318.12
APA23001774 BEACON ATHLETICS 875.45
APA23001775 BLACK TIE LAUNDRY 391.20
APA23001776 CALIFORNIA STATE FIRE PROTECTION 405.00
APA23001777 CDW GOVERNMENT, INC. 14,126.30
APA23001778 CED LAGUNA 894.72
APA23001779 CHARLES ABBOTT ASSOCIATES, INC. 595.00
APA23001780 CHARTER COMMUNICATIONS 1,399.00
APA23001781 CHARTER COMMUNICATIONS 186.30
APA23001782 CINTAS CORPORATION NO. 2 405.96
APA23001783 CODE PUBLISHING COMPANY 600.00
APA23001784 CRISP IMAGING 195.86
APA23001785 DMSD FOODS, INC. 4,358.01
APA23001786 DOUGLAS HINER UMPIRING SERVICES 798.00
APA23001787 DOWNS ENERGY 122.45
APA23001788 ENDRESEN DEVELOPMENT, INC. 47,151.20
APA23001789 EPD SOLUTIONS, INC. 5,923.79
APA23001790 EVMWD 15,445.84
APA23001791 EXCEL LANDSCAPE, INC. 27,617.97
APA23001792 FCG CONSULTANTS, INC. 44,558.88
APA23001793 FEDERAL EXPRESS CORPORATION 136.07
APA23001794 FERGUSON 759.51
APA23001795 FIRST AMERICAN TITLE COMPANY 100.00
APA23001796 FRONTIER CALIFORNIA - INTERNET 131.86
APA23001797 FRONTIER CALIFORNIA, INC. 4,135.77
APA23001798 GREAT AMERICA FINANCIAL SERVICES 2,545.84
APA23001799 GRIFFITH COMPANY 82,044.19
APA23001800 GRISSO, TONY 480.39
APA23001801 HAZZARD BACKFLOW, INC. 2,400.00
APA23001802 JOLLY JUMPS 1,020.00
APA23001803 JON'S FLAGS & POLES INC. 2,285.38
APA23001804 KOA CORPORATION 3,872.56
APA23001805 KPA SERVICES, LLC 1,509.19
APA23001806 LAKE ELSINORE HISTORICAL DOWNTOWN MERCHANTS ASSOCIATION 900.00 APA23001807 LIEBERT CASSIDY WHITMORE 1,847.00
APA23001808 MIG 4,767.50
APA23001809 O'REILLY AUTO STORES INC/FIRST CALL 83.36
APA23001810 PINO, KAREN 445.00
Attachment 2 1 OF 3
NOV 23, 2022 to DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001811 POWER PRODUCTS UNLIMITED, LLC 619.39
APA23001812 PRUDENTIAL OVERALL SUPPLY 417.66
APA23001813 PURSUIT ELECTRIC, INC. 9,811.99
APA23001814 REGAN PAVING 53,875.00
APA23001815 RICHMOND AMERICAN HOMES 4,800.00
APA23001816 ROBBINS PEST MANAGEMENT, INC. 870.00
APA23001817 ROW TRAFFIC SAFETY, INC 280.54
APA23001818 SECURITAS SECURITY SERVICES USA, INC. 3,130.80 APA23001819 SECURITAS SECURITY SERVICES USA, INC. 3,339.60 APA23001820 SHRED-IT USA, LLC 168.00
APA23001821 SO CAL SANDBAGS,INC. 1,417.60
APA23001822 SOUTHERN CALIFORNIA EDISON CO. 21,840.99
APA23001823 SPICER CONSULTING GROUP 42,215.84
APA23001824 STAPLES ADVANTAGE 102.21
APA23001825 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 2,283.00 APA23001826 SUNBELT RENTALS, INC. 717.03
APA23001827 TEAM AUTOAID, INC. 653.40
APA23001828 TEMECULA T-SHIRT PRINTERS 324.18
APA23001829 THE ENTERTAINMENT CONTRACTOR, LLC 5,800.00
APA23001830 TRB AND ASSOCIATES, INC. 2,809.89
APA23001831 TULIPS TROPHIES & TREASURES 897.19
APA23001832 VISTA PAINT CORPORATION 418.91
APA23001833 WALMART COMMUNITY 449.83
APA23001834 WAXIE SANITARY SUPPLY 1,996.37
APA23001835 WEATHERMATIC 15,900.00
APA23001836 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00 APA23001837 WKE, INC. 3,800.92
APA23001838 WSP USA ENVIRONMENT & INFRASTRUCTURE SOLUTIONS, INC. 5,716.50 DFT230150 FRONTIER CALIFORNIA - INTERNET 470.18
DFT230151 FRONTIER CALIFORNIA - INTERNET 657.33
DFT230164 FRONTIER CALIFORNIA - INTERNET 460.98
DFT230174 FRANCHISE TAX BOARD 22,197.18
DFT230175 INTERNAL REVENUE SERVICE 105,375.22
DFT230177 NATIONWIDE TRUST COMPANY, FSB 1,456.49
DFT230178 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 806.96 DFT230179 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230180 STATE DISBURSEMENT UNIT 438.46
DFT230181 INTERNAL REVENUE SERVICE 198.50
DFT230182 PAYCHEX OF NEW YORK, LLC 1,194.88
DFT230183 COLONIAL LIFE 130.41
DFT230184 CALPERS 90,554.50
DFT230185 CALPERS 60,465.32
DFT230186 CALPERS 88.16
DFT230187 TASC 2,636.20
Attachment 2 2 OF 3
NOV 23, 2022 to DEC 01, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
PR11232022 NET PAYROLL 306,023.26
5407 AMERICAN EXPRESS 16,822.38
GRAND TOTAL $ 1,078,770.43
Attachment 2 3 OF 3

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY BOARD OF THE REDEVELOPMENT AGENCY OF

THE CITY OF LAKE ELSINORE
To: Honorable Agency Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: January 10, 2023
Subject: SA Warrant Report Dated Dec 02, 2022 to Dec 08, 2022 Recommendation
Receive and File.

Background
The Warrant Report lists all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the period shown above.

Attachments
Attachment 1 - Warrant Summary
Attachment 2 - Warrant Listing
DEC 02, 2022 TO DEC 08, 2022 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 821,439.00
103 THE ANCHOR 3,670.85
110 GAS TAX 7,893.97
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 71,178.01 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 9,431.63 180 LAUNCH POINTE 71,473.57
300 INSURANCE SERVICE 1,685.06
305 INFORMATION SYSTEMS SERVICE 10,976.86
310 SUPPORT SERVICE 2,340.62
315 FLEET SERVICE 25,603.45
320 FACILITIES SERVICE 36,935.01
330 CFD 2015-2S MAINTENANCE SERVICES 277.84
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 1,937.25
500 CAPITAL IMPROVEMENT PLAN 228,917.64
510 SARDA AREA I, II, & III 35,502.00
540 SARDA DIAMOND STADIUM 14,769.53
608 TRUST DEPOSITS 4,165.00
620 COST RECOVERY TRUST DEPOSITS 13,937.00
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 1,340.52 GRAND TOTAL $ 1,363,474.81
Attachment 1 1 of 1
DEC 02, 2022 to DEC 08, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001839 ALLEGRA MARKETING PRINT MAIL $ 679.70
APA23001840 ALTA CALIFORNIA GEOTECHNICAL, INC. 9,298.00 APA23001841 AMAZON BUSINESS 605.69
APA23001842 AMERICAN FORENSIC NURSES, INC. 367.32
APA23001843 AMERICAN MATERIAL COMPANY 378.45
APA23001844 ANEEN CONSTRUCTION, INC. 128,303.20
APA23001845 APPLE ONE 1,755.33
APA23001846 AT&T 175.00
APA23001847 AZTECA CLEANING SERVICES LLC 11,032.08
APA23001848 BALDERAS, MAYRA 500.00
APA23001849 BANK OF AMERICA (3151) 2,795.18
APA23001850 BANK OF AMERICA (6876) 795.82
APA23001851 BANK OF AMERICA (8926) 50.00
APA23001852 BANK OF AMERICA (9570) 221.47
APA23001853 BIO-TOX LABORATORIES 2,223.38
APA23001854 BLACK TIE LAUNDRY 68.00
APA23001855 BMW MOTORCYCLES OF RIVERSIDE 261.25
APA23001856 BMW MOTORCYCLES OF RIVERSIDE 1,096.98
APA23001857 BMW MOTORCYCLES OF RIVERSIDE 707.88
APA23001858 BMW MOTORCYCLES OF RIVERSIDE 294.67
APA23001859 BMW MOTORCYCLES OF RIVERSIDE 453.96
APA23001860 BMW MOTORCYCLES OF RIVERSIDE 794.59
APA23001861 BMW MOTORCYCLES OF TEMECULA - SO CAL 718.88 APA23001862 CALIFORNIA JPIA 1,125.00
APA23001863 CASTANEDA, FRANCISCO 500.00
APA23001864 CDW GOVERNMENT, INC. 190.84
APA23001865 CED LAGUNA 2,689.65
APA23001866 CENTURY COMMUNITIES 13,937.00
APA23001867 CENTURY LINK 49.77
APA23001868 CHARTER COMMUNICATIONS 999.00
APA23001869 CHARTER COMMUNICATIONS 28.34
APA23001870 CINTAS CORPORATION NO. 2 215.97
APA23001871 CM WASH EQUIPMENT 4,054.96
APA23001872 CORODATA RECORDS MANAGEMENT, INC. 130.14
APA23001873 CREATIVE INDUSTRIES MEDIA GROUP 1,798.50
APA23001874 DAVID EVANS AND ASSOCIATES, INC. 32,251.54
APA23001875 DISCOUNT HAULING & CLEANUP SERVICE 6,020.00 APA23001876 DOWNS ENERGY 5,090.13
APA23001877 ENDRESEN DEVELOPMENT, INC. 26,000.00
APA23001878 ENGINEERING RESOURCES OF SO CA 15,927.70
APA23001879 EVMWD 20,058.38
APA23001880 EXCEL LANDSCAPE, INC. 16,275.00
APA23001881 FEDERAL EXPRESS CORPORATION 34.06
APA23001882 FORENSIC NURSES OF SOCAL, INC. 800.00
Attachment 2 1 OF 3
DEC 02, 2022 to DEC 08, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001883 FRONTIER CALIFORNIA, INC. 112.92
APA23001884 FRONTIER CALIFORNIA, INC. 116.71
APA23001885 FRONTIER CALIFORNIA, INC. 57.28
APA23001886 GOTO TECHNOLOGIES USA, INC. 2,937.00
APA23001887 HAZZARD BACKFLOW, INC. 4,550.00
APA23001888 HDR ENGINEERING, INC. 9,880.60
APA23001889 HEMET FENCE CORP 10,300.00
APA23001890 HEYDAY 1,820.00
APA23001891 HIT PRINT, INC. 31,060.26
APA23001892 HUNSAKER & ASSOCIATES IRVINE, INC. 4,657.50 APA23001893 INNOVATIVE DOCUMENT SOLUTIONS 2,035.75
APA23001894 JIMENEZ, GLORIA 165.00
APA23001895 JIMNI SYSTEMS, INC. 920.00
APA23001896 LAKE AUTO & SMOG 648.00
APA23001897 LAKE ELSINORE STORM, LP 35,502.00
APA23001898 LAND IQ, LLC 3,011.25
APA23001899 LIUNA LOCAL 777 732.00
APA23001900 LOR GEOTECHNICAL GROUP 420.00
APA23001901 LOWE'S 6,265.47
APA23001902 MISSION SQUARE RETIREMENT #302208 398.88
APA23001903 MISSION SQUARE RETIREMENT #302208 14,102.11 APA23001904 MOTOPORT USA 3,728.98
APA23001905 MURRAY, PRINCESS 1,000.00
APA23001906 MURRIETA LOCK & SAFE, INC. 442.36
APA23001907 PRUDENTIAL OVERALL SUPPLY 417.66
APA23001908 PVP COMMUNICATIONS, INC. 961.08
APA23001909 QUADIENT FINANCE USA, INC. 304.87
APA23001910 QUINN COMPANY 10,125.84
APA23001911 REGIONAL CONSERVATION AUTHORITY 173,386.42
APA23001912 REGIONAL FIRST AID, INC. 789.76
APA23001913 RENTERIA, YARABITH BUENFIL 903.75
APA23001914 RIGHTWAY SITE SERVICES, INC. 425.00
APA23001915 SECURITAS SECURITY SERVICES USA, INC. 3,133.84 APA23001916 SHRED-IT USA, LLC 171.20
APA23001917 SKYDIVE ELSINORE 1,000.00
APA23001918 SONSRAY MACHINERY, LLC 7,753.89
APA23001919 SOUTHERN CALIFORNIA EDISON CO. 61,979.60
APA23001920 SOUTHERN CALIFORNIA GAS CO. 224.76
APA23001921 SPICER CONSULTING GROUP 1,710.00
APA23001922 STANG INDUSTRIES, INC. 1,000.00
APA23001923 STAUFFER LAWN EQUIPMENT 135.89
APA23001924 STENO SOLUTIONS TRANSCRIPTION SERVICES, INC, 27.81 APA23001925 SUNBELT RENTALS, INC. 208.50
APA23001926 TEAM AUTOAID, INC. 497.25
Attachment 2 2 OF 3
DEC 02, 2022 to DEC 08, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001927 TEMECULA MOTORSPORTS 78.21
APA23001928 THE CENTRE FOR ORGANIZATION EFFECTIVENESS 7,500.00 APA23001929 THOMSON REUTERS - WEST PUBLISHING CORP. 461.60 APA23001930 TRENCH SHORING COMPANY 94.80
APA23001931 TRI-STAR ELECTRIC 1,350.00
APA23001932 VERIZON WIRELESS (#13) 204.36
APA23001933 WEST COAST ARBORISTS, INC. 29,409.00
APA23001934 WESTERN RIVERSIDE COUNCIL OF GOVT'S 171,768.00 DFT230188 DISH 137.19
DFT230190 STATE DISBURSEMENT UNIT 438.46
DFT230191 PAYCHEX OF NEW YORK, LLC 550.00
DFT230192 INTERNAL REVENUE SERVICE 198.50
DFT230193 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230194 PAYCHEX OF NEW YORK, LLC 1,116.69
DFT230195 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 813.89 DFT230196 NATIONWIDE TRUST COMPANY, FSB 1,488.82
DFT230197 INTERNAL REVENUE SERVICE 94,062.83
DFT230198 FRANCHISE TAX BOARD 19,986.24
DFT230199 WILMINGTON TRUST, NATIONAL ASSOCIATION 1,937.25 DFT230200 TASC 2,636.20
PR12082022 NET PAYROLL 283,609.77
5407 AK SECURITY ALARM LLC 33,709.00
GRAND TOTAL $ 1,363,474.81
Attachment 2 3 OF 3

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY BOARD OF THE REDEVELOPMENT AGENCY OF

THE CITY OF LAKE ELSINORE
To: Honorable Agency Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: January 10, 2023
Subject: SA Warrant Report Dated Dec 09, 2022 to Dec 15, 2022 Recommendation
Receive and File.

Background
The Warrant Report lists all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the period shown above.

Attachments
Attachment 1 - Warrant Summary
Attachment 2 - Warrant Listing
DEC 09, 2022 TO DEC 15, 2022 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL $ 236,123.00
103 THE ANCHOR 1,153.94
105 MISC. GENERAL PROJECTS 3,093.75
110 GAS TAX 4,239.49
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 14,754.49 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 1,610.58 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 26,498.00 180 LAUNCH POINTE 16,539.77
300 INSURANCE SERVICE 305.60
305 INFORMATION SYSTEMS SERVICE 7,803.40
310 SUPPORT SERVICE 600.30
315 FLEET SERVICE 6,749.00
320 FACILITIES SERVICE 7,284.09
500 CAPITAL IMPROVEMENT PLAN 451,112.80
606 AB2766 AIR POLUTION REDUCTION 6,000.00
620 COST RECOVERY TRUST DEPOSITS 300.00
GRAND TOTAL $ 784,168.21
Attachment 1 1 of 1
DEC 09, 2022 to DEC 15, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001935 ABOVE ALL NAMES CONSTRUCTION, INC. $ 101,560.00 APA23001936 ACTION GAS & WELDING SUPPLY 78.84
APA23001937 ADAMS STREETER CIVIL ENGINEERS, INC. 412.50 APA23001938 ALL AMERICAN ASPHALT 20,760.06
APA23001939 AMAZON BUSINESS 2,684.90
APA23001940 ANDERSON CHEVROLET 73.62
APA23001941 BEACON ATHLETICS 3,833.74
APA23001942 BLACK TIE LAUNDRY 11.20
APA23001943 BLAIS & ASSOCIATES, INC. 3,093.75
APA23001944 BRINKS INCORPORATED 642.32
APA23001945 CALIFORNIA, DEPARTMENT OF JUSTICE 96.00
APA23001946 CHEN RYAN ASSOCIATES, INC. 38,563.05
APA23001947 CM WASH EQUIPMENT 1,635.98
APA23001948 DAVID EVANS AND ASSOCIATES, INC. 1,058.18
APA23001949 DEPARTMENT OF MOTOR VEHICLES 301.00
APA23001950 DIRECTV 154.99
APA23001951 DISCOUNT HAULING & CLEANUP SERVICE 8,786.00 APA23001952 DOWNS ENERGY 4,389.65
APA23001953 ENDRESEN DEVELOPMENT, INC. 137,899.24
APA23001954 ENGINEERING RESOURCES OF SO CA 25,432.17
APA23001955 EVMWD 12,036.91
APA23001956 EXCEL LANDSCAPE, INC. 712.30
APA23001957 FERGUSON 20.97
APA23001958 FRONTIER CALIFORNIA - INTERNET 904.00
APA23001959 FRONTIER CALIFORNIA, INC. 280.06
APA23001960 GREAT AMERICA FINANCIAL SERVICES 600.30
APA23001961 GREENFIELDS OUTDOOR FITNESS, INC. 75,700.85 APA23001962 HDL HINDERLITER, DE LLAMAS & ASSOCIATES 2,637.49 APA23001963 HDR ENGINEERING, INC. 19,559.88
APA23001964 HEMET FENCE CORP 42,000.00
APA23001965 HI-WAY SAFETY, INC. 1,925.42
APA23001966 INLAND URGENT CARE,MEDICAL CORP 240.00
APA23001967 INTERWEST CONSULTING GROUP, INC. 2,121.49
APA23001968 KJ SERVICES ENVIRONMENTAL CONSULTING 1,677.78 APA23001969 KPA SERVICES, LLC 972.00
APA23001970 LAKE AUTO & SMOG 150.00
APA23001971 LAKE ELSINORE TIRE & AUTO, INC. 940.84
APA23001972 MAUREEN KANE & ASSOCIATES, INC. 1,500.00
APA23001973 MILLENNIUM ALARM SYSTEMS, INC. 1,185.00
APA23001974 MURRIETA LOCK & SAFE, INC. 230.60
APA23001975 O'REILLY AUTO STORES INC/FIRST CALL 460.62
APA23001976 PRECISION CONCRETE CUTTING 30,233.50
APA23001977 PRESS-ENTERPRISE, THE 1,972.09
APA23001978 PRUDENTIAL OVERALL SUPPLY 417.66
Attachment 2 1 OF 2
DEC 09, 2022 to DEC 15, 2022 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23001979 READYREFRESH 631.72
APA23001980 RIGHTWAY SITE SERVICES, INC. 3,650.25
APA23001981 ROLYAN BUOYS 26,186.39
APA23001982 RP LANDSCAPE & IRRIGATION 68,485.27
APA23001983 SECURITAS SECURITY SERVICES USA, INC. 3,130.80 APA23001984 SERVICE FIRST 3,545.00
APA23001985 SKYLINE SAFETY AND SUPPLY 912.85
APA23001986 SOUTHERN CALIFORNIA EDISON CO. 9,218.51
APA23001987 SOUTHERN CALIFORNIA GAS CO. 2,298.32
APA23001988 SOUTHWEST ICE MACHINES 146.81
APA23001989 STAPLES ADVANTAGE 201.47
APA23001990 STATE WATER RESOURCES CONTROL BOARD 26,498.00 APA23001991 STAUFFER LAWN EQUIPMENT 135.35
APA23001992 SUNBELT RENTALS, INC. 2,259.41
APA23001993 TEAM AUTOAID, INC. 178.19
APA23001994 TINT SOLUTIONS 1,000.00
APA23001995 VERIZON WIRELESS (#1) 2,878.65
APA23001996 VERIZON WIRELESS (#2) 3,682.80
APA23001997 VULCAN MATERIALS COMPANY 1,765.89
APA23001998 WESTERN RIVERSIDE COUNCIL OF GOVT'S 10,000.00 APA23001999 WILLDAN 2,229.13
APA23002000 YUNEX, LLC 927.50
DFT230189 CHARTER COMMUNICATIONS 29.99
DFT230201 CALPERS 59,912.30
DFT230202 CALPERS 200.00
5408 AK SECURITY ALARM LLC 3,227.99
143206 PETTY CASH - CITY OF LAKE ELSINORE 888.67
GRAND TOTAL $ 784,168.21
Attachment 2 2 OF 2

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY BOARD OF THE REDEVELOPMENT AGENCY OF

THE CITY OF LAKE ELSINORE
To: Honorable Agency Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: January 10, 2023
Subject: SA Investment Report for November 2022
Recommendation
Receive and file the Investment Report for November 2022.

Discussion
The Investment Report is a listing of all funds invested for the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1- Investment Report for November 2022.

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:

General Checking Account 3,303,955 $ 405,490 $ (21,893) $ 3,687,551 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 3,303,955 405,490 (21,893) 3,689,851

INVESTMENTS
Local Agency Investment Funds 69,692,247 - - 69,692,247 CAMP Investments:

CAMP Pool Account - 53,692 - 53,692
U.S. Treasury Bond / Note 12,121,987 - - 12,121,987
Supra-National Agency Bond / Note - 1,377,948 - 1,377,948 Municipal Bond / Note 1,336,023 - - 1,336,023
Federal Agency Commercial Mortgage-Backed Security - 267,936 - 267,936 Federal Agency Bond / Note 5,161,605 - - 5,161,605
Corporate Note 8,643,030 - - 8,643,030
Certificate of Deposit 1,150,000 - - 1,150,000
Asset-Backed Security 2,254,187 - - 2,254,187
Sub-total Investments 102,058,655 - - 102,058,655
Market Value Adjustment:

Unrealized Gain/(Loss) at 09/30/2022 (3,763,096) - - (3,763,096) Total Investments 98,295,559 - - 98,295,559
Total Pooled Cash and Investments 101,599,513 $ 405,490 $ (21,893) $ 101,985,409 $ TOTAL POOLED CASH AND INVESTMENTS $ 101,985,409
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 28, 2022. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures.

Jason P. Simpson December 22, 2022
City Manager Date

C I T Y O F L A K E E L S I N O R E

INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF November 30, 2022

FUND NO FUND NAME AMOUNT
100 General 9,639,705 $
102 Measure Z 17,420,658
106 Affordable Housing In Lieu 599,503
107 Developer Agreement Revenue 59,032
108 American Rescue Plan 9,824,046
109 Road Maintenance and Rehabilitation (SB1) 782,067
110 State Gas Tax 721,936
112 Measure A 1,401,710
114 SB1186 CASP Education Program 48,516
115 Traffic Safety 8,998
116 City Hall-Public Works DIF 16,221
117 Community Center DIF 130,961
118 Lake Side Facility DIF 227,866
119 Animal Shelter DIF 10,780
135 Lighting & Landscape Maintenance - Dist. No. 1 591,387 140 Geothermal 11,492
160 PEG Grant 71,851
180 Launch Pointe 1,704,130
202 La Strada RBBD 23,438
203 E.L.S.P. - S.T.I.F. 3,305,121
205 Traffic Impact Fee 293,939
211 Storm Drain C.I.P. 3,013,297
221 Quimby Park C.I.P. 63,557
231 Library C.I.P. 1,292,108
232 City Fire Protection 526,927
300 Insurance Service 1,386,733
305 Information Systems Service 2,751,910
310 Support Service 21,400
315 Fleet Service 471,199
320 Facilities Service 2,145,738
337 CFD 2016-2 Canyon Hills 4,420
346 CFD 2014-1 Southshore 66,800
354 CFD 90-2 Tuscany Hills 10,070
361 CFD 2022-2 Lakeshore Improvement 13,266
363 CFD 2022-3 Lakeside 39,869
366 CFD 2005-6 City Center Townhomes 3,318
368 CFD 2006-2 Viscaya 8,879
377 CFD 2006-6 Tessara 5,093
378 CFD 2006-8 Running Deer Estates 5,925
384 CFD 2003-2 Area B Canyon Hills Improvement Area 481

C I T Y O F L A K E E L S I N O R E

POOLED CASH AND INVESTMENTS BY FUND
AS OF November 30, 2022

FUND NO FUND NAME AMOUNT

C I T Y O F L A K E E L S I N O R E

POOLED CASH AND INVESTMENTS BY FUND
AS OF November 30, 2022
388 CFD 2007-6 Holiday Inn Express 12
389 CFD 88-3 (2008A) West Lake Elsinore Series A 2,306
395 CFD 2018-1 Wasson Canyon II Improvement Area 2,636
500 Capital Improvement Plan 9,236,465
540 Successor To RDA Diamond Stadium 1,890,833
603 Endowment Trust - Carl Graves 56,794
604 Endowment Trust - Korn Memorial 33,022
605 Public Improvement Trust 1,642,865
606 Mobile Source Air Polution Reduction 211,985
608 Trust Deposit & Pre Paid Expense 1,506,666
617 Successor Agency Housing 22,296,713
620 Cost Recovery System 5,911,745
631 Lake Destratification Equipment Replacement 453,751 655 CFD 2015-1s Law, Fire, Paramedic Services 15,267
Total Pooled Cash & Investments $ 101,985,409

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.05% 53,692 $
U.S. Treasury Bond / Note Unlimited 11.88% 12,121,987 $ Supra-National Agency Bond / Note 30% 1.35% 1,377,948 $ Municipal Bond / Note Unlimited 1.31% 1,336,023 $
Federal Agency Collaterized Mortgage Obligation 40% 0.26% 267,936 $ Federal Agency Bond / Note Unlimited 5.06% (1) $ 5,161,605 Corporate Note 30% 8.47% 8,643,030 $
Negotiable Certificates of Deposit 30% 1.13% 1,150,000 $ Asset-Backed Security / Collaterized Mortgage 20% 2.21% 2,254,187 $ LAIF (Local Agency Investment Funds) $150 Million 68.29% (2) $ 69,692,247 TOTAL 100.00% 102,058 $ ,655
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. (2) Investment in LAIF may not exceed $75 million in each agency.

C I T Y O F L A K E E L S I N O R E

SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING November 30, 2022
Local Agency Investment Fund
November 2.007
October 1.772
September 1.513
PMIA Quarter to Date(1): 1.29%
PMIA Average Life 304 (1):

LAIF Apportionment Rate 1.35 (2):

0.00003699565555327

0.980760962
LAIF Earnings Ratio(2):

LAIF Fair Value Factor(1):

PMIA Daily(1): 1.63%
Treasuries

66.57%
Agencies

19.19%
Certificates of
Deposit/Bank Notes

6.51%
Time
Deposits

2.30%
Commercial
Paper

5.02%
Corporate
Bonds

0.24%
Loans

0.17%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a).

Source:
(1) State of California, Office of the Treasurer
(2) State of Calfiornia, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 12/07/22
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 09/30/22
Chart does not include $3,715,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/22
$215.3 billion
Yield Purchase Date Maturity Rate

2.007% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ (2,000,000) 71,692,247 $ 69,692,247 $ Note:

Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained.

C I T Y O F L A K E E L S I N O R E

LOCAL AGENCY INVESTMENT FUND

TRANSACTION SUMMARY
FOR THE MONTH ENDING November 30, 2022
CAMP
Investment Portfolio
Account Statement - Transaction Summary For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
34,554.95
993,446.45
(974,309.86)

0.00 $53,691.54
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 143.55
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
29,922,662.30
723,773.44
(719,774.70)
296,832.09
$30,223,493.13
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income (25,811.89)
November 30, 2022 October 31, 2022
Asset Summary
CAMP Pool 53,691.54 34,554.95
CAMP Managed Account 30,223,493.13 29,922,662.30
Total $30,277,184.67 $29,957,217.25
Asset Allocation

0.18%
CAMP Pool

99.82%
CAMP Managed
Account

Page 1 ends

Managed Account Summary Statement For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$34,554.95
993,446.45
(974,309.86)
$53,691.54
143.55
$29,922,662.30
(1,567.66)
(718,207.04)
723,773.44

0.00 296,832.09
$30,223,493.13
$29,957,217.25
$30,277,184.67
33,547.73
(2,820.65)
(56,538.97)
($25,811.89)

0.00 965,051.64
26,683.60
1,567.66
(971,555.65)
(21,747.25)

0.00 Managed Account Total
32,174,266.31 32,227,957.85
111,146.54
723,359.21
1,567.66
26,683.60
(726,594.09)
(32,202,912.82)
(102,288.62)

0.00 111,146.54
1,697,669.07
1,567.66
26,683.60
(1,720,040.54)
(32,237,467.77)
(102,288.62)
143.55
Total Accrual Basis Earnings $5,227.79 $5,371.34
Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $0.00

Page 2 ends

Portfolio Summary and Statistics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 12,400,000.00 11,289,976.65 37.29 Supra-National Agency Bond / Note 1,380,000.00 1,310,329.87 4.33 Municipal Bond / Note 1,335,000.00 1,218,297.25 4.02
Federal Agency Commercial
Mortgage-Backed Security
255,553.39 247,495.93 0.82
Federal Agency Bond / Note 5,175,000.00 4,805,606.13 15.87 Corporate Note 8,490,000.00 8,026,652.07 26.51
Certificate of Deposit 1,150,000.00 1,150,360.05 3.80
Asset-Backed Security 2,254,474.21 2,174,775.18 7.18
Managed Account Sub-Total 32,440,027.60 30,223,493.13 99.82% Accrued Interest 111,146.54
Total Portfolio 32,440,027.60 30,334,639.67
CAMP Pool 53,691.54 53,691.54 0.18
Total Investments 32,493,719.14 30,388,331.21 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

7.18%
ABS

3.80%
Cert of Deposit

26.51%
Corporate Note

15.87%
Fed Agy Bond /
Note

0.82%
Federal Agency
Commercial
Mortgage-Backed
Security

0.18%
Joint Powers
Authority

4.02%
Muni Bond / Note

4.33%
Supra-National
Agency Bond / Note

37.29%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

1.79%

7.64%

14.19%

40.79%

29.09%

6.50%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 952

1.57%

4.35%

Page 3 ends

Managed Account Issuer Summary For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Credit Quality (S&P Ratings)

5.78%
A

1.96%
A+

8.62%
A0.81%
A-2

6.07%
AA

57.06%
AA+

3.79%
AA11.22%
AAA

0.18%
AAAm

3.53%
BBB+

0.98%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
ABBOTT LABORATORIES 220,696.20 0.73
AMAZON.COM INC 435,167.45 1.44
AMERICAN EXPRESS CO 75,429.52 0.25
AMERICAN HONDA FINANCE 383,785.20 1.27
APPLE INC 508,530.55 1.68
BANK OF AMERICA CO 427,872.38 1.41
BERKSHIRE HATHAWAY INC 441,614.63 1.46
BMW FINANCIAL SERVICES NA LLC 218,878.91 0.72
CALIFORNIA STATE UNIVERSITY 75,860.80 0.25
CAMP Pool 53,691.54 0.18
CAPITAL ONE FINANCIAL CORP 245,777.64 0.81
CARMAX AUTO OWNER TRUST 309,159.22 1.02
CATERPILLAR INC 201,954.15 0.67
CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 96,015.00 0.32 CHARLES SCHWAB 99,628.10 0.33
CINTAS CORPORATION NO. 2 63,207.37 0.21
CITIGROUP INC 217,977.30 0.72
CREDIT SUISSE GROUP RK 246,693.00 0.81
DEERE & COMPANY 93,224.30 0.31
DISCOVER FINANCIAL SERVICES 179,256.38 0.59
FANNIE MAE 1,531,570.65 5.06
FEDERAL HOME LOAN BANKS 455,192.25 1.50
FLORIDA STATE BOARD OF ADMIN FIN CORP 278,804.70 0.92
FREDDIE MAC 3,066,339.16 10.12
GENERAL DYNAMICS CORP 219,851.78 0.73
GM FINANCIAL CONSUMER AUTOMOBILE TRUST 352,915.76 1.17
GM FINANCIAL LEASINGTRUST 116,716.09 0.39
GOLDMAN SACHS GROUP INC 394,030.40 1.30
HOME DEPOT INC 24,041.53 0.08
HONDA AUTO RECEIVABLES 94,516.27 0.31
HYUNDAI AUTO RECEIVABLES 146,857.06 0.49
IBM CORP 221,259.15 0.73

Page 4 ends

Managed Account Issuer Summary For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
INTER-AMERICAN DEVELOPMENT BANK 590,591.28 1.95
INTL BANK OF RECONSTRUCTION AND DEV 719,738.59 2.38
JP MORGAN CHASE & CO 457,688.32 1.51
LOS ANGELES COMMUNITY COLLEGE DISTRICT 126,974.40 0.42
MORGAN STANLEY 393,345.20 1.30
NATIONAL AUSTRALIA BANK LTD 242,593.75 0.80
NATIONAL RURAL UTILITIES CO FINANCE CORP 48,253.40 0.16 NEW YORK ST URBAN DEVELOPMENT CORP 297,999.00 0.98
NISSAN AUTO RECEIVABLES 418,952.87 1.38
NORDEA BANK ABP 453,730.50 1.50
PACCAR FINANCIAL CORP 165,265.80 0.55
PNC FINANCIAL SERVICES GROUP 393,689.20 1.30
Roche Holding AG 388,709.93 1.28
SAN JUAN UNIFIED SCHOOL DISTRICT 118,025.70 0.39
STATE OF CONNECTICUT 57,633.00 0.19
STATE OF MINNESOTA 90,341.00 0.30
TARGET CORP 36,617.08 0.12
THE BANK OF NEW YORK MELLON CORPORATION 625,821.78 2.07 THE WALT DISNEY CORPORATION 380,259.60 1.26
TORONTO-DOMINION BANK 449,936.55 1.49
TOYOTA MOTOR CORP 537,403.88 1.77
UNITED STATES TREASURY 11,289,976.65 37.28
UNITEDHEALTH GROUP INC 202,837.05 0.67
UNIVERSITY OF CALIFORNIA 76,643.65 0.25
USAA CAPITAL CORP 217,642.05 0.72
Total $30,277,184.67 100.00%

Page 5 ends

Managed Account Detail of Securities Held For the Month Ending November 30, 2022

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
912828XX3 75,000.00 AA+ Aaa 01/02/20 01/07/20 76,104.49 1.66 627.72 75,389.54 72,082.04

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
912828XX3 325,000.00 AA+ Aaa 02/03/20 02/07/20 333,823.24 1.36 2,720.11 328,171.97 312,355.48

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
912828XX3 500,000.00 AA+ Aaa 03/02/20 03/06/20 524,355.47 0.85 4,184.78 508,911.29 480,546.90

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 500,000.00 AA+ Aaa 08/05/20 08/07/20 534,414.06 0.18 3,661.68 516,296.89 474,609.40

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 2,000,000.00 AA+ Aaa 07/01/20 07/06/20 2,130,625.00 0.28 14,646.74 2,060,650.17 1,898,437.60

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 250,000.00 AA+ Aaa 04/01/21 04/05/21 245,156.25 0.72 261.55 247,050.54 226,601.55

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 450,000.00 AA+ Aaa 03/01/21 03/04/21 443,654.30 0.58 470.79 446,214.28 407,882.79

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 150,000.00 AA+ Aaa 07/01/21 07/07/21 147,052.73 0.82 235.39 147,973.98 134,273.43

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 350,000.00 AA+ Aaa 06/02/21 06/07/21 344,859.38 0.70 549.25 346,529.77 313,304.67

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 400,000.00 AA+ Aaa 12/02/21 12/06/21 387,968.75 1.13 627.72 390,883.45 358,062.48

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 450,000.00 AA+ Aaa 08/03/21 08/05/21 446,167.97 0.57 706.18 447,318.29 402,820.29

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 650,000.00 AA+ Aaa 11/02/21 11/04/21 632,251.95 1.05 1,020.04 636,835.11 581,851.53

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 825,000.00 AA+ Aaa 09/01/21 09/07/21 814,236.33 0.68 1,294.67 817,309.71 738,503.87

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 75,000.00 AA+ Aaa 02/10/22 02/14/22 71,458.01 1.92 48.17 72,126.75 67,207.04

Page 6 ends

Managed Account Detail of Securities Held For the Month Ending November 30, 2022

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 950,000.00 AA+ Aaa 01/04/22 01/06/22 926,843.75 1.33 610.15 931,680.83 851,289.11

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 200,000.00 AA+ Aaa 09/01/22 09/06/22 179,007.81 3.53 417.80 180,275.60 177,187.50

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 250,000.00 AA+ Aaa 05/03/22 05/05/22 226,250.00 3.03 522.25 229,471.90 221,484.38

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 750,000.00 AA+ Aaa 08/01/22 08/04/22 690,468.75 2.74 1,566.75 695,330.95 664,453.12

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 800,000.00 AA+ Aaa 07/05/22 07/08/22 732,343.75 2.84 1,671.20 738,999.96 708,750.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 06/02/22 06/06/22 819,035.16 2.94 1,880.10 828,541.59 797,343.75

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 08/08/22 08/15/22 819,562.50 3.04 1,880.10 825,570.28 797,343.75

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 300,000.00 AA+ Aaa 11/01/22 11/04/22 273,773.44 4.39 265.20 274,254.50 278,578.14

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 350,000.00 AA+ Aaa 10/05/22 10/11/22 322,574.22 4.10 309.39 323,509.19 325,007.83 Security Type Sub-Total 12,400,000.00 12,121,987.31 1.57 40,177.73 12,069,296.54 11,289,976.65 Supra-National Agency Bond / Note

INTL BK OF RECON AND DEV NOTE
DTD 04/20/2021 0.125% 04/20/2023
459058JV6 245,000.00 AAA Aaa 04/13/21 04/20/21 244,492.85 0.23 34.88 244,902.74 240,867.59

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6 500,000.00 AAA Aaa 11/17/20 11/24/20 498,925.00 0.32 24.31 499,648.54 478,871.00

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
4581X0DZ8 635,000.00 AAA Aaa 09/15/21 09/23/21 634,530.10 0.52 599.72 634,716.17 590,591.28 Security Type Sub-Total 1,380,000.00 1,377,947.95 0.40 658.91 1,379,267.45 1,310,329.87

Page 7 ends

Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00 AA- Aa3 05/29/20 06/11/20 60,000.00 2.00 499.50 60,000.00 57,633.00

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
157411TK5 100,000.00 AA- Aa1 11/06/19 12/05/19 100,000.00 2.10 700.33 100,000.00 96,015.00

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 325,000.00 AA+ NR 12/16/20 12/23/20 325,000.00 0.87 596.92 325,000.00 297,999.00

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 85,000.00 AA Aa2 07/10/20 07/16/20 85,000.00 0.88 33.36 85,000.00 76,643.65

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 65,000.00 AA Aa3 09/03/20 09/16/20 65,459.55 1.11 340.71 65,247.77 58,459.05

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 85,000.00 AA Aa3 09/03/20 09/16/20 85,563.55 1.12 445.54 85,303.85 76,446.45

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 160,000.00 AA Aa3 09/03/20 09/16/20 160,000.00 1.26 838.67 160,000.00 143,899.20

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
60412AVJ9 100,000.00 AAA Aaa 08/11/20 08/25/20 100,000.00 0.63 210.00 100,000.00 90,341.00

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 130,000.00 NR Aa2 10/16/20 10/29/20 130,000.00 0.85 369.20 130,000.00 118,025.70

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
54438CYK2 140,000.00 AA+ Aaa 10/30/20 11/10/20 140,000.00 0.77 360.73 140,000.00 126,974.40

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
13077DQD7 85,000.00 AA- Aa2 07/09/21 07/29/21 85,000.00 0.86 61.06 85,000.00 75,860.80 Security Type Sub-Total 1,335,000.00 1,336,023.10 1.06 4,456.02 1,335,551.62 1,218,297.25 Federal Agency Commercial Mortgage-Backed Security
FHMS KP05 A
DTD 12/01/2018 3.203% 07/01/2023
3137FKK39 5,553.39 AA+ Aaa 12/07/18 12/17/18 5,553.37 3.20 14.82 5,553.39 5,527.37 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 250,000.00 AA+ Aaa 03/19/20 03/25/20 262,382.81 1.95 637.92 255,287.29 241,968.56

Page 8 ends

Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
Security Type Sub-Total 255,553.39 267,936.18 1.98 652.74 260,840.68 247,495.93 Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 375,000.00 AA+ Aaa 09/02/20 09/04/20 375,068.48 0.24 216.15 375,017.51 362,254.50

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 525,000.00 AA+ Aaa 09/02/20 09/04/20 524,826.75 0.26 302.60 524,955.70 507,156.30

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
3137EAEY1 325,000.00 AA+ Aaa 10/14/20 10/16/20 323,787.75 0.25 50.78 324,646.84 312,126.75

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
3137EAEZ8 350,000.00 AA+ Aaa 11/03/20 11/05/20 349,685.00 0.28 60.76 349,902.28 335,608.00

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
3135G06H1 325,000.00 AA+ Aaa 11/23/20 11/25/20 324,629.50 0.29 9.03 324,878.08 310,818.30

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 300,000.00 AA+ Aaa 12/02/20 12/04/20 299,703.00 0.28 368.75 299,900.19 287,077.20

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
3130AJHU6 350,000.00 AA+ Aaa 04/15/20 04/16/20 348,264.00 0.60 228.47 349,176.73 319,959.15

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 350,000.00 AA+ Aaa 04/22/20 04/24/20 349,279.00 0.67 236.98 349,654.92 320,674.90

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 425,000.00 AA+ Aaa 07/21/20 07/23/20 422,883.50 0.48 575.52 423,882.57 384,775.88

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 350,000.00 AA+ Aaa 08/25/20 08/27/20 348,362.00 0.47 350.00 349,103.77 315,838.60

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 AA+ Aaa 09/10/20 09/11/20 149,550.00 0.44 135.94 149,750.63 135,233.10

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 AA+ Aaa 09/23/20 09/25/20 697,893.00 0.44 495.83 698,813.66 629,844.60

Page 9 ends

Managed Account Detail of Securities Held For the Month Ending November 30, 2022

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 650,000.00 AA+ Aaa 11/09/20 11/12/20 647,673.00 0.57 216.67 648,630.12 584,238.85 Security Type Sub-Total 5,175,000.00 5,161,604.98 0.41 3,247.48 5,168,313.00 4,805,606.13 Corporate Note

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
693475AV7 400,000.00 A- A3 02/12/19 02/15/19 402,848.00 3.34 4,977.78 400,622.00 393,689.20

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
808513BN4 105,000.00 A A2 03/16/21 03/18/21 104,947.50 0.77 159.69 104,977.34 99,628.10

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
06406RAS6 210,000.00 A A1 04/19/21 04/26/21 209,775.30 0.54 102.08 209,895.03 197,737.05

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6 400,000.00 A- A1 07/19/19 07/23/19 422,916.00 2.59 1,377.78 406,774.82 393,345.20

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 400,000.00 A- A3 07/11/19 07/15/19 398,016.00 2.51 4,106.67 399,370.47 383,785.20

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23 400,000.00 BBB+ A2 07/08/19 07/11/19 418,632.00 2.84 6,117.22 405,311.14 394,030.40

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
05565EBU8 70,000.00 A A2 08/09/21 08/12/21 69,993.70 0.75 158.96 69,996.44 65,357.53

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
254687FK7 400,000.00 BBB+ A2 09/03/19 09/06/19 398,368.00 1.84 1,769.44 399,427.90 380,259.60

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 09/10/2021 0.625% 09/10/2024
24422EVU0 100,000.00 A A2 09/07/21 09/10/21 99,935.00 0.65 140.63 99,961.51 93,224.30

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 175,000.00 A+ A1 10/22/20 10/29/20 182,894.25 0.73 1,006.25 179,035.63 165,265.80

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 80,000.00 BBB+ A2 03/01/22 03/04/22 79,919.20 2.29 435.00 79,939.25 75,429.52

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 410,000.00 AA Aa2 03/03/22 03/10/22 410,000.00 2.13 1,966.77 410,000.00 388,709.93

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 25,000.00 A A2 03/24/22 03/28/22 24,956.25 2.76 86.25 24,965.99 24,041.53

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7 225,000.00 BBB+ A3 08/28/20 09/01/20 249,738.75 0.88 701.25 237,784.36 217,977.30 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5 65,000.00 A- A3 04/26/22 05/03/22 64,985.70 3.46 186.88 64,988.47 63,207.37

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 AA Aa1 05/23/22 05/26/22 224,264.25 3.49 632.81 224,394.09 217,642.05

APPLE INC (CALLABLE) CORP NOTES
DTD 05/11/2020 1.125% 05/11/2025
037833DT4 550,000.00 AA+ Aaa 05/11/20 05/13/20 551,105.50 1.08 343.75 550,531.18 508,530.55

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
369550BG2 225,000.00 A- A3 10/16/20 10/20/20 252,247.50 0.80 350.00 239,157.85 219,851.78

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 315,000.00 A- A1 05/24/21 06/01/21 315,000.00 0.82 1,297.80 315,000.00 293,005.44

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 475,000.00 AA A1 06/03/20 06/05/20 474,767.25 0.81 1,878.89 474,883.24 435,167.45

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 250,000.00 AA- Aa3 05/31/22 06/09/22 250,000.00 3.50 4,180.56 250,000.00 242,593.75

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 50,000.00 A- A2 04/27/22 05/04/22 49,986.50 3.46 991.88 49,989.00 48,253.40

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 06/30/2022 3.950% 06/30/2025
89236TKC8 100,000.00 A+ A1 06/27/22 06/30/22 99,905.00 3.98 1,656.81 99,918.35 98,287.80

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 225,000.00 A- A3 07/20/22 07/27/22 225,000.00 4.00 3,100.00 225,000.00 221,259.15

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 225,000.00 A- A2 08/18/20 08/20/20 256,918.50 0.93 2,906.25 242,204.55 221,775.75

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 AA- A1 09/24/20 09/28/20 257,845.50 0.86 1,840.63 242,691.91 220,696.20

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 225,000.00 A- A2 12/01/21 12/06/21 225,000.00 1.53 1,673.44 225,000.00 206,096.63

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6 175,000.00 A- A1 02/16/22 02/24/22 175,000.00 2.60 1,223.61 175,000.00 164,682.88

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A3 05/17/21 05/19/21 224,608.50 1.19 115.00 224,729.04 202,837.05

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 06/18/2021 1.125% 06/18/2026
89236TJK2 145,000.00 A+ A1 09/08/21 09/13/21 144,678.10 1.17 738.59 144,760.29 128,492.19

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 08/12/21 08/16/21 174,947.50 1.26 662.33 174,961.10 153,521.38

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 01/11/22 01/13/22 223,863.75 1.81 1,519.38 224,064.67 201,954.15

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 01/19/22 01/24/22 39,932.00 1.99 294.67 39,943.64 36,617.08

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A A1 01/26/22 01/28/22 473,945.50 2.10 3,381.08 474,122.98 428,084.73

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 03/15/22 03/17/22 466,089.00 2.70 2,306.39 467,354.32 441,614.63 Security Type Sub-Total 8,490,000.00 8,643,030.00 1.95 54,386.52 8,556,756.56 8,026,652.07 Certificate of Deposit

CREDIT SUISSE NEW YORK CERT DEPOS
DTD 03/23/2021 0.590% 03/17/2023
22552G3C2 250,000.00 A-2 P-2 03/19/21 03/23/21 250,000.00 0.59 1,061.18 250,000.00 246,693.00

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 450,000.00 A A1 10/27/22 10/31/22 450,000.00 5.58 2,170.00 450,000.00 449,936.55

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 450,000.00 AA- Aa3 11/02/22 11/03/22 450,000.00 5.53 1,935.50 450,000.00 453,730.50 Security Type Sub-Total 1,150,000.00 1,150,000.00 4.49 5,166.68 1,150,000.00 1,150,360.05 Asset-Backed Security
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0 85,000.00 NR Aaa 02/17/21 02/24/21 84,987.17 0.33 8.57 84,992.85 83,072.34 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 35,000.00 AAA NR 05/18/21 05/26/21 34,997.05 0.41 4.38 34,998.17 33,643.75

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 74,474.21 AAA NR 04/20/21 04/28/21 74,466.38 0.38 12.58 74,469.23 71,792.16 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 295,000.00 AAA Aaa 06/15/21 06/23/21 294,995.01 0.33 43.27 294,996.68 280,734.10 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 325,000.00 AAA NR 06/08/21 06/14/21 324,965.00 0.26 37.56 324,976.58 310,623.89 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 100,000.00 NR Aaa 11/16/21 11/24/21 99,978.92 0.89 24.44 99,984.08 94,516.27 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 110,000.00 AAA NR 04/13/21 04/21/21 109,976.30 0.52 25.42 109,984.22 105,471.23 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 80,000.00 AAA NR 11/09/21 11/17/21 79,982.14 0.75 26.31 79,986.27 75,064.90 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 195,000.00 AAA Aaa 09/20/21 09/27/21 194,958.25 0.58 50.27 194,968.15 179,256.38 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 85,000.00 AAA Aaa 10/13/21 10/21/21 84,997.83 0.68 24.08 84,998.32 79,641.71 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 210,000.00 AAA NR 07/12/22 07/20/22 209,995.04 3.97 370.53 209,995.42 203,687.99 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 140,000.00 AAA Aaa 09/20/22 09/28/22 139,971.03 4.46 277.51 139,972.13 138,218.77 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 275,000.00 AAA NR 10/04/22 10/12/22 274,954.93 4.82 552.29 274,956.20 273,274.05 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 245,000.00 AAA NR 10/27/22 11/03/22 244,961.56 4.95 943.25 244,962.16 245,777.64 Security Type Sub-Total 2,254,474.21 2,254,186.61 2.10 2,400.46 2,254,240.46 2,174,775.18 Managed Account Sub-Total 32,440,027.60 32,312,716.13 1.57 111,146.54 32,174,266.31 30,223,493.13 Joint Powers Authority

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Managed Account Detail of Securities Held For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Joint Powers Authority
CAMP Pool 53,691.54 AAAm NR 53,691.54 0.00 53,691.54 53,691.54 Liquid Sub-Total 53,691.54 53,691.54 0.00 53,691.54 53,691.54 $32,493,719.14 $32,366,407.67 1.57% $111,146.54 $32,227,957.85 $30,277,184.67 $30,388,331.21
$111,146.54
Total Investments
Accrued Interest
Securities Sub-Total

Page 15 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 912828XX3 75,000.00 HSBC 96.11 72,082.04 (4,022.45) (3,307.50) DTD 06/30/2017 2.000% 06/30/2024

1.55 4.57
US TREASURY NOTES 912828XX3 325,000.00 HSBC 96.11 312,355.48 (21,467.76) (15,816.49) DTD 06/30/2017 2.000% 06/30/2024

1.55 4.57
US TREASURY NOTES 912828XX3 500,000.00 HSBC 96.11 480,546.90 (43,808.57) (28,364.39) DTD 06/30/2017 2.000% 06/30/2024

1.55 4.57
US TREASURY NOTES 912828YY0 500,000.00 WELLS_F 94.92 474,609.40 (59,804.66) (41,687.49) DTD 12/31/2019 1.750% 12/31/2024

2.04 4.32
US TREASURY NOTES 912828YY0 2,000,000.00 WELLS_F 94.92 1,898,437.60 (232,187.40) (162,212.57) DTD 12/31/2019 1.750% 12/31/2024

2.04 4.32
US TREASURY NOTES 912828ZW3 250,000.00 GOLDMAN 90.64 226,601.55 (18,554.70) (20,448.99) DTD 06/30/2020 0.250% 06/30/2025

2.57 4.10
US TREASURY NOTES 912828ZW3 450,000.00 MERRILL 90.64 407,882.79 (35,771.51) (38,331.49) DTD 06/30/2020 0.250% 06/30/2025

2.57 4.10
US TREASURY NOTES 91282CBC4 150,000.00 CITIGRP 89.52 134,273.43 (12,779.30) (13,700.55) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 350,000.00 JPM_CHA 89.52 313,304.67 (31,554.71) (33,225.10) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 400,000.00 CITIGRP 89.52 358,062.48 (29,906.27) (32,820.97) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 450,000.00 JPM_CHA 89.52 402,820.29 (43,347.68) (44,498.00) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 650,000.00 BNP_PAR 89.52 581,851.53 (50,400.42) (54,983.58) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY NOTES 91282CBC4 825,000.00 CITIGRP 89.52 738,503.87 (75,732.46) (78,805.84) DTD 12/31/2020 0.375% 12/31/2025

3.06 4.02
US TREASURY N/B NOTES 91282CBW0 75,000.00 BMO 89.61 67,207.04 (4,250.97) (4,919.71) DTD 04/30/2021 0.750% 04/30/2026

3.37 4.04
US TREASURY N/B NOTES 91282CBW0 950,000.00 CITIGRP 89.61 851,289.11 (75,554.64) (80,391.72) DTD 04/30/2021 0.750% 04/30/2026

3.37 4.04
US TREASURY N/B NOTES 91282CCP4 200,000.00 BMO 88.59 177,187.50 (1,820.31) (3,088.10) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY N/B NOTES 91282CCP4 250,000.00 HSBC 88.59 221,484.38 (4,765.62) (7,987.52) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00

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Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CCP4 750,000.00 BMO 88.59 664,453.12 (26,015.63) (30,877.83) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY N/B NOTES 91282CCP4 800,000.00 HSBC 88.59 708,750.00 (23,593.75) (30,249.96) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY N/B NOTES 91282CCP4 900,000.00 MERRILL 88.59 797,343.75 (21,691.41) (31,197.84) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY N/B NOTES 91282CCP4 900,000.00 BMO 88.59 797,343.75 (22,218.75) (28,226.53) DTD 07/31/2021 0.625% 07/31/2026

3.62 4.00
US TREASURY NOTES 912828U24 300,000.00 BMO 92.86 278,578.14 4,804.70 4,323.64 DTD 11/15/2016 2.000% 11/15/2026

3.82 3.97
US TREASURY NOTES 912828U24 350,000.00 BMO 92.86 325,007.83 2,433.61 1,498.64 DTD 11/15/2016 2.000% 11/15/2026

3.82 3.97
Security Type Sub-Total 12,400,000.00 11,289,976.65 (832,010.66) (779,319.89) 2.94 4.12 Supra-National Agency Bond / Note
INTL BK OF RECON AND DEV NOTE 459058JV6 245,000.00 TD 98.31 240,867.59 (3,625.26) (4,035.15) DTD 04/20/2021 0.125% 04/20/2023

0.39 4.54
INTL BK RECON & DEVELOP NOTES 459058JM6 500,000.00 TD 95.77 478,871.00 (20,054.00) (20,777.54) DTD 11/24/2020 0.250% 11/24/2023

0.98 4.70
INTER-AMERICAN DEVEL BK NOTES 4581X0DZ8 635,000.00 JPM_CHA 93.01 590,591.28 (43,938.82) (44,124.89) DTD 09/23/2021 0.500% 09/23/2024

1.81 4.56
Security Type Sub-Total 1,380,000.00 1,310,329.87 (67,618.08) (68,937.58) 1.24 4.61 Municipal Bond / Note
CT ST TXBL GO BONDS 20772KJW0 60,000.00 SIEBERT 96.06 57,633.00 (2,367.00) (2,367.00) DTD 06/11/2020 1.998% 07/01/2024

1.56 4.60
CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 100,000.00 RBC 96.02 96,015.00 (3,985.00) (3,985.00) DTD 12/05/2019 2.101% 08/01/2024

1.64 4.61
NY ST URBAN DEV CORP TXBL REV BONDS 650036DT0 325,000.00 WELLS_F 91.69 297,999.00 (27,001.00) (27,001.00) DTD 12/23/2020 0.870% 03/15/2025

2.27 4.74
UNIV OF CAL TXBL REV BONDS 91412HGE7 85,000.00 JPM_CHA 04/15/25 90.17 76,643.65 (8,356.35) (8,356.35) DTD 07/16/2020 0.883% 05/15/2025

2.35 5.19

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Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Municipal Bond / Note
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 65,000.00 MERRILL 89.94 58,459.05 (7,000.50) (6,788.72) DTD 09/16/2020 1.258% 07/01/2025

2.54 5.48
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 85,000.00 MERRILL 89.94 76,446.45 (9,117.10) (8,857.40) DTD 09/16/2020 1.258% 07/01/2025

2.54 5.48
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 160,000.00 MERRILL 89.94 143,899.20 (16,100.80) (16,100.80) DTD 09/16/2020 1.258% 07/01/2025

2.54 5.48
MN ST TXBL GO BONDS 60412AVJ9 100,000.00 MORGAN_ 90.34 90,341.00 (9,659.00) (9,659.00) DTD 08/25/2020 0.630% 08/01/2025

2.64 4.51
SAN JUAN USD, CA TXBL GO BONDS 798306WP7 130,000.00 KEYBANC 90.79 118,025.70 (11,974.30) (11,974.30) DTD 10/29/2020 0.852% 08/01/2025

2.64 4.56
LOS ANGELES CCD, CA TXBL GO BONDS 54438CYK2 140,000.00 MERRILL 90.70 126,974.40 (13,025.60) (13,025.60) DTD 11/10/2020 0.773% 08/01/2025

2.64 4.51
CA ST UNIV TXBL REV BONDS 13077DQD7 85,000.00 JPM_CHA 89.25 75,860.80 (9,139.20) (9,139.20) DTD 07/29/2021 0.862% 11/01/2025

2.89 4.86
Security Type Sub-Total 1,335,000.00 1,218,297.25 (117,725.85) (117,254.37) 2.39 4.87 Federal Agency Commercial Mortgage-Backed Security
FHMS KP05 A 3137FKK39 5,553.39 CSFB 99.53 5,527.37 (26.00) (26.02) DTD 12/01/2018 3.203% 07/01/2023

0.63 4.01
FHMS K043 A2 3137BGK24 250,000.00 CITIGRP 96.79 241,968.56 (20,414.25) (13,318.73) DTD 03/01/2015 3.062% 12/01/2024

1.89 4.75
Security Type Sub-Total 255,553.39 247,495.93 (20,440.25) (13,344.75) 1.86 4.73 Federal Agency Bond / Note
FREDDIE MAC NOTES 3137EAEW5 375,000.00 NOMURA 96.60 362,254.50 (12,813.98) (12,763.01) DTD 09/04/2020 0.250% 09/08/2023

0.77 4.79
FREDDIE MAC NOTES 3137EAEW5 525,000.00 WELLS_F 96.60 507,156.30 (17,670.45) (17,799.40) DTD 09/04/2020 0.250% 09/08/2023

0.77 4.79
FREDDIE MAC NOTES 3137EAEY1 325,000.00 WELLS_F 96.04 312,126.75 (11,661.00) (12,520.09) DTD 10/16/2020 0.125% 10/16/2023

0.88 4.79
FREDDIE MAC NOTES 3137EAEZ8 350,000.00 CITIGRP 95.89 335,608.00 (14,077.00) (14,294.28) DTD 11/05/2020 0.250% 11/06/2023

0.93 4.81

Page 18 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Bond / Note
FANNIE MAE NOTES 3135G06H1 325,000.00 NOMURA 95.64 310,818.30 (13,811.20) (14,059.78) DTD 11/25/2020 0.250% 11/27/2023

0.99 4.81
FREDDIE MAC NOTES 3137EAFA2 300,000.00 CITIGRP 95.69 287,077.20 (12,625.80) (12,822.99) DTD 12/04/2020 0.250% 12/04/2023

1.01 4.66
FEDERAL HOME LOAN BANK NOTES 3130AJHU6 350,000.00 CITIGRP 91.42 319,959.15 (28,304.85) (29,217.58) DTD 04/16/2020 0.500% 04/14/2025

2.36 4.35
FANNIE MAE NOTES 3135G03U5 350,000.00 CITIGRP 91.62 320,674.90 (28,604.10) (28,980.02) DTD 04/24/2020 0.625% 04/22/2025

2.38 4.35
FREDDIE MAC NOTES 3137EAEU9 425,000.00 WELLS_F 90.54 384,775.88 (38,107.62) (39,106.69) DTD 07/23/2020 0.375% 07/21/2025

2.63 4.20
FANNIE MAE NOTES 3135G05X7 350,000.00 BARCLAY 90.24 315,838.60 (32,523.40) (33,265.17) DTD 08/27/2020 0.375% 08/25/2025

2.72 4.19
FEDERAL HOME LOAN BANK NOTES 3130AK5E2 150,000.00 WELLS_F 90.16 135,233.10 (14,316.90) (14,517.53) DTD 09/11/2020 0.375% 09/04/2025

2.75 4.19
FREDDIE MAC NOTES 3137EAEX3 700,000.00 CITIGRP 89.98 629,844.60 (68,048.40) (68,969.06) DTD 09/25/2020 0.375% 09/23/2025

2.80 4.19
FANNIE MAE NOTES 3135G06G3 650,000.00 BARCLAY 89.88 584,238.85 (63,434.15) (64,391.27) DTD 11/12/2020 0.500% 11/07/2025

2.92 4.20
Security Type Sub-Total 5,175,000.00 4,805,606.13 (355,998.85) (362,706.87) 1.89 4.47 Corporate Note
PNC BANK NA CORP NOTES (CALLABLE) 693475AV7 400,000.00 CITIGRP 12/23/23 98.42 393,689.20 (9,158.80) (6,932.80) DTD 01/23/2019 3.500% 01/23/2024

1.04 4.93
CHARLES SCHWAB CORP NOTES 808513BN4 105,000.00 CSFB 02/18/24 94.88 99,628.10 (5,319.40) (5,349.24) (CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

1.21 4.86
BANK OF NY MELLON CORP NOTES 06406RAS6 210,000.00 JPM_CHA 03/26/24 94.16 197,737.05 (12,038.25) (12,157.98) (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

1.32 4.85
MORGAN STANLEY CORP NOTES 61746BDQ6 400,000.00 WELLS_FA 98.34 393,345.20 (29,570.80) (13,429.62) DTD 04/28/2014 3.875% 04/29/2024

1.39 5.11
AMERICAN HONDA FINANCE CORP NOTE 02665WCZ2 400,000.00 WELLS_FA 95.95 383,785.20 (14,230.80) (15,585.27) DTD 06/27/2019 2.400% 06/27/2024

1.54 5.11

Page 19 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
GOLDMAN SACHS GROUP INC (CALLABLE) 38141EC23 400,000.00 SUSQ 04/08/24 98.51 394,030.40 (24,601.60) (11,280.74) BONDS
DTD 07/08/2014 3.850% 07/08/2024

1.31 4.82
BMW US CAPITAL LLC CORPORATE NOTES 05565EBU8 70,000.00 GOLDMAN 93.37 65,357.53 (4,636.17) (4,638.91) DTD 08/12/2021 0.750% 08/12/2024

1.69 4.86
WALT DISNEY COMPANY/THE (CALLABLE) 254687FK7 400,000.00 JPM_CHAS 07/30/24 95.06 380,259.60 (18,108.40) (19,168.30) DTD 09/06/2019 1.750% 08/30/2024

1.64 4.72
JOHN DEERE CAPITAL CORP CORPORATE 24422EVU0 100,000.00 HSBC 93.22 93,224.30 (6,710.70) (6,737.21) NOTES
DTD 09/10/2021 0.625% 09/10/2024

1.77 4.64
PACCAR FINANCIAL CORP CORPORATE 69371RQ66 175,000.00 MERRILL 94.44 165,265.80 (17,628.45) (13,769.83) NOTES
DTD 02/06/2020 1.800% 02/06/2025

2.14 4.50
AMERICAN EXPRESS CO CORP NOTES 025816CQ0 80,000.00 BARCLAY 02/01/25 94.29 75,429.52 (4,489.68) (4,509.73) (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

2.12 4.95
ROCHE HOLDINGS INC (CALLABLE) 771196BT8 410,000.00 DEUTSCH 02/10/25 94.81 388,709.93 (21,290.07) (21,290.07)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025

2.14 4.56
HOME DEPOT INC (CALLABLE) CORPORATE 437076CM2 25,000.00 MORGAN_ 03/15/25 96.17 24,041.53 (914.72) (924.46) NOTE
DTD 03/28/2022 2.700% 04/15/2025

2.23 4.42
CITIGROUP INC CORP NOTES 172967JP7 225,000.00 MKTX 96.88 217,977.30 (31,761.45) (19,807.06) DTD 04/27/2015 3.300% 04/27/2025

2.33 4.68
CINTAS CORPORATION NO. 2 CORP NOTE 17252MAP5 65,000.00 KEYBANC 04/01/25 97.24 63,207.37 (1,778.33) (1,781.10) (CALL
DTD 05/03/2022 3.450% 05/01/2025

2.26 4.67
USAA CAPITAL CORP CORPORATE NOTES 90327QD89 225,000.00 MERRILL 96.73 217,642.05 (6,622.20) (6,752.04) DTD 05/26/2022 3.375% 05/01/2025

2.34 4.82
APPLE INC (CALLABLE) CORP NOTES 037833DT4 550,000.00 GOLDMAN 04/11/25 92.46 508,530.55 (42,574.95) (42,000.63) DTD 05/11/2020 1.125% 05/11/2025

2.34 4.41
GENERAL DYNAMICS CORP (CALLABLE) 369550BG2 225,000.00 JPM_CHA 03/15/25 97.71 219,851.78 (32,395.72) (19,306.07)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025

2.22 4.49

Page 20 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
JPMORGAN CHASE & CO (CALLABLE) CORP 46647PCH7 315,000.00 JPM_CHA 06/01/24 93.02 293,005.44 (21,994.56) (21,994.56) NOTE
DTD 06/01/2021 0.824% 06/01/2025

1.49 3.77
AMAZON INC CORP NOTES (CALLABLE) 023135BQ8 475,000.00 GOLDMAN 05/03/25 91.61 435,167.45 (39,599.80) (39,715.79) DTD 06/03/2020 0.800% 06/03/2025

2.39 4.37
NATIONAL AUSTRALIA BK/NY CORPORATE 63254ABD9 250,000.00 CITIGRP 97.04 242,593.75 (7,406.25) (7,406.25) NOTES
DTD 06/09/2022 3.500% 06/09/2025

2.40 4.76
NATIONAL RURAL UTIL COOP CORPORATE 63743HFE7 50,000.00 RBC 96.51 48,253.40 (1,733.10) (1,735.60) NOTES
DTD 05/04/2022 3.450% 06/15/2025

2.40 4.93
TOYOTA MOTOR CREDIT CORP 89236TKC8 100,000.00 MERRILL 98.29 98,287.80 (1,617.20) (1,630.55)

CORPORATE NOTES
DTD 06/30/2022 3.950% 06/30/2025

2.44 4.66
IBM CORP CORPORATE NOTES 459200KS9 225,000.00 JPM_CHA 98.34 221,259.15 (3,740.85) (3,740.85) DTD 07/27/2022 4.000% 07/27/2025

2.51 4.67
BANK OF AMERICA CORP NOTES 06051GFS3 225,000.00 MERRILL 98.57 221,775.75 (35,142.75) (20,428.80) DTD 07/30/2015 3.875% 08/01/2025

2.53 4.45
ABBOTT LABORATORIES CORPORATE 002824BM1 225,000.00 US_BANC 06/15/25 98.09 220,696.20 (37,149.30) (21,995.71)

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025

2.42 4.61
BANK OF AMERICA CORP NOTES 06051GKE8 225,000.00 MERRILL 12/06/24 91.60 206,096.63 (18,903.37) (18,903.37) (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

1.98 4.54
JPMORGAN CHASE & CO CORP NOTES 46647PCV6 175,000.00 JPM_CHA 02/24/25 94.10 164,682.88 (10,317.12) (10,317.12) (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

2.17 4.58
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 CITIGRP 04/15/26 90.15 202,837.05 (21,771.45) (21,891.99) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

3.31 4.24
TOYOTA MOTOR CREDIT CORP 89236TJK2 145,000.00 JPM_CHA 88.62 128,492.19 (16,185.91) (16,268.10)

CORPORATE NOTES
DTD 06/18/2021 1.125% 06/18/2026

3.47 4.64

Page 21 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 MITSU 07/12/26 87.73 153,521.38 (21,426.12) (21,439.72)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026

3.53 4.92
CATERPILLAR FINL SERVICE CORPORATE 14913R2U0 225,000.00 JPM_CHA 89.76 201,954.15 (21,909.60) (22,110.52) NOTES
DTD 01/10/2022 1.700% 01/08/2027

3.95 4.46
TARGET CORP CORP NOTES (CALLABLE) 87612EBM7 40,000.00 CITIGRP 12/15/26 91.54 36,617.08 (3,314.92) (3,326.56) DTD 01/24/2022 1.950% 01/15/2027

3.87 4.20
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 DEUTSCH 12/26/26 90.12 428,084.73 (45,860.77) (46,038.25) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

3.89 4.69
BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 475,000.00 SEEL 02/15/27 92.97 441,614.63 (24,474.37) (25,739.69) (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

4.01 4.10
Security Type Sub-Total 8,490,000.00 8,026,652.07 (616,377.93) (530,104.49) 2.30 4.62 Certificate of Deposit
CREDIT SUISSE NEW YORK CERT DEPOS 22552G3C2 250,000.00 CSFB 98.68 246,693.00 (3,307.00) (3,307.00) DTD 03/23/2021 0.590% 03/17/2023

0.31 5.06
TORONTO DOMINION BANK NY CERT 89115B6K1 450,000.00 TD 99.99 449,936.55 (63.45) (63.45) DEPOS
DTD 10/31/2022 5.600% 10/27/2025

3.60 5.58
NORDEA BANK ABP NEW YORK CERT 65558UYF3 450,000.00 WELLS_F 100.83 453,730.50 3,730.50 3,730.50 DEPOS
DTD 11/03/2022 5.530% 11/03/2025

2.73 5.22
Security Type Sub-Total 1,150,000.00 1,150,360.05 360.05 360.05 2.55 5.33 Asset-Backed Security
GMALT 2021-1 A4 36261RAD0 85,000.00 RBC 97.73 83,072.34 (1,914.83) (1,920.51) DTD 02/24/2021 0.330% 02/20/2025

0.53 1.37
GMALT 2021-2 A4 380144AD7 35,000.00 SOCGEN 96.13 33,643.75 (1,353.30) (1,354.42) DTD 05/26/2021 0.410% 05/20/2025

0.85 2.02

Page 22 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
HART 2021-A A3 44933LAC7 74,474.21 BARCLAY 96.40 71,792.16 (2,674.22) (2,677.07) DTD 04/28/2021 0.380% 09/15/2025

0.70 1.70
NAROT 2021-A A3 65480BAC1 295,000.00 MITSU 95.16 280,734.10 (14,260.91) (14,262.58) DTD 06/23/2021 0.330% 10/15/2025

0.94 2.06
TAOT 2021-B A3 89190GAC1 325,000.00 CITIGRP 95.58 310,623.89 (14,341.11) (14,352.69) DTD 06/14/2021 0.260% 11/17/2025

0.85 1.79
HAROT 2021-4 A3 43815GAC3 100,000.00 MERRILL 94.52 94,516.27 (5,462.65) (5,467.81) DTD 11/24/2021 0.880% 01/21/2026

1.33 2.70
CARMX 2021-2 A3 14314QAC8 110,000.00 MERRILL 95.88 105,471.23 (4,505.07) (4,512.99) DTD 04/21/2021 0.520% 02/17/2026

0.70 1.84
HART 2021-C A3 44935FAD6 80,000.00 SMBC 93.83 75,064.90 (4,917.24) (4,921.37) DTD 11/17/2021 0.740% 05/15/2026

1.27 2.61
DCENT 2021-A1 A1 254683CP8 195,000.00 CITIGRP 91.93 179,256.38 (15,701.87) (15,711.77) DTD 09/27/2021 0.580% 09/15/2026

1.74 2.83
GMCAR 2021-4 A3 362554AC1 85,000.00 JPM_CHA 93.70 79,641.71 (5,356.12) (5,356.61) DTD 10/21/2021 0.680% 09/16/2026

1.30 2.42
CARMX 2022-3 A3 14318MAD1 210,000.00 RBC 96.99 203,687.99 (6,307.05) (6,307.43) DTD 07/20/2022 3.970% 04/15/2027

2.03 4.73
NAROT 2022-B A3 65480JAC4 140,000.00 WELLS_F 98.73 138,218.77 (1,752.26) (1,753.36) DTD 09/28/2022 4.460% 05/17/2027

2.13 4.78
GMCAR 2022-4 A3 36265QAD8 275,000.00 RBC 99.37 273,274.05 (1,680.88) (1,682.15) DTD 10/12/2022 4.820% 08/16/2027

2.16 4.97
COMET 2022-A3 A 14041NGB1 245,000.00 RBC 100.32 245,777.64 816.08 815.48 DTD 11/03/2022 4.950% 10/15/2027

2.61 4.88
Security Type Sub-Total 2,254,474.21 2,174,775.18 (79,411.43) (79,465.28) 1.52 3.20 Managed Account Sub-Total 32,440,027.60 30,223,493.13 (2,089,223.00) (1,950,773.18) 2.38 4.35 Joint Powers Authority
CAMP Pool 53,691.54 1.00 53,691.54 0.00 0.00 0.00
Liquid Sub-Total 53,691.54 53,691.54 0.00 0.00 0.00

Page 23 ends

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Investments $30,388,331.21
$111,146.54
$30,277,184.67
Accrued Interest
Securities Sub-Total $32,493,719.14 ($2,089,223.00) ($1,950,773.18) 2.38 4.35%

Page 24 ends

Managed Account Security Transactions & Interest For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
11/03/22 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
10/27/22 14041NGB1 245,000.00 (244,961.56) 0.00 (244,961.56) 11/04/22 US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
11/01/22 912828U24 300,000.00 (273,773.44) (2,820.65) (276,594.09) 11/03/22 NORDEA BANK ABP NEW YORK CERT
DEPOS
DTD 11/03/2022 5.530% 11/03/2025
11/02/22 65558UYF3 450,000.00 (450,000.00) 0.00 (450,000.00) Transaction Type Sub-Total 995,000.00 (968,735.00) (2,820.65) (971,555.65)

INTEREST
11/01/22 CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
11/01/22 13077DQD7 85,000.00 0.00 366.35 366.35
11/01/22 USAA CAPITAL CORP CORPORATE
NOTES
DTD 05/26/2022 3.375% 05/01/2025
11/01/22 90327QD89 225,000.00 0.00 3,269.53 3,269.53
11/01/22 CINTAS CORPORATION NO. 2 CORP

NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025
11/01/22 17252MAP5 65,000.00 0.00 1,108.79 1,108.79
11/25/22 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
11/01/22 3137BGK24 250,000.00 0.00 637.92 637.92
11/25/22 FHMS KJ27 A1
DTD 11/01/2019 2.092% 07/01/2024
11/01/22 3137FQ3V3 1,026.51 0.00 1.79 1.79
11/25/22 FHMS KP05 A
DTD 12/01/2018 3.203% 07/01/2023
11/01/22 3137FKK39 5,568.75 0.00 14.86 14.86
11/06/22 FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
11/06/22 3137EAEZ8 350,000.00 0.00 437.50 437.50
11/07/22 FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
11/07/22 3135G06G3 650,000.00 0.00 1,625.00 1,625.00
11/11/22 APPLE INC (CALLABLE) CORP NOTES
DTD 05/11/2020 1.125% 05/11/2025
11/11/22 037833DT4 550,000.00 0.00 3,093.75 3,093.75
11/15/22 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
11/15/22 44933LAC7 75,000.00 0.00 23.75 23.75
11/15/22 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
11/15/22 65480JAC4 140,000.00 0.00 520.33 520.33

Page 25 ends

Managed Account Security Transactions & Interest For the Month Ending November 30, 2022

INTEREST
11/15/22 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
11/15/22 14318MAD1 210,000.00 0.00 694.75 694.75
11/15/22 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
11/15/22 65480BAC1 295,000.00 0.00 81.13 81.13
11/15/22 UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
11/15/22 91412HGE7 85,000.00 0.00 375.28 375.28
11/15/22 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
11/15/22 254683CP8 195,000.00 0.00 94.25 94.25
11/15/22 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
11/15/22 14314QAC8 110,000.00 0.00 47.67 47.67
11/15/22 UNITEDHEALTH GROUP INC
(CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026
11/15/22 91324PEC2 225,000.00 0.00 1,293.75 1,293.75
11/15/22 GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
11/15/22 369550BG2 225,000.00 0.00 3,937.50 3,937.50
11/15/22 US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
11/15/22 912828U24 650,000.00 0.00 6,500.00 6,500.00
11/15/22 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
11/15/22 89190GAC1 325,000.00 0.00 70.42 70.42
11/15/22 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
11/15/22 44935FAD6 80,000.00 0.00 49.33 49.33
11/16/22 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
11/16/22 36265QAD8 275,000.00 0.00 1,251.86 1,251.86
11/16/22 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
11/16/22 362554AC1 85,000.00 0.00 48.17 48.17
11/20/22 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
11/20/22 380144AD7 35,000.00 0.00 11.96 11.96
11/20/22 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
11/20/22 36261RAD0 85,000.00 0.00 23.38 23.38
11/21/22 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
11/21/22 43815GAC3 100,000.00 0.00 73.33 73.33
11/24/22 INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
11/24/22 459058JM6 500,000.00 0.00 625.00 625.00

Page 26 ends

Managed Account Security Transactions & Interest For the Month Ending November 30, 2022

INTEREST
11/27/22 FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
11/27/22 3135G06H1 325,000.00 0.00 406.25 406.25
Transaction Type Sub-Total 6,201,595.26 0.00 26,683.60 26,683.60

PAYDOWNS
11/25/22 FHMS KP05 A
DTD 12/01/2018 3.203% 07/01/2023
11/01/22 3137FKK39 15.36 15.36 0.00 15.36 0.00 0.00
11/25/22 FHMS KJ27 A1
DTD 11/01/2019 2.092% 07/01/2024
11/01/22 3137FQ3V3 1,026.51 1,026.51 0.00 1,026.51 0.03 0.00 11/15/22 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
11/15/22 44933LAC7 525.79 525.79 0.00 525.79 0.06 0.00
Transaction Type Sub-Total 1,567.66 1,567.66 0.00 1,567.66 0.09 0.00 SELL
11/03/22 US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
10/28/22 912828XX3 250,000.00 239,980.47 1,711.96 241,692.43 (13,701.17) (11,381.02) FIFO 11/04/22 US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
11/01/22 912828XX3 300,000.00 287,296.88 2,070.65 289,367.53 (17,121.09) (14,334.20) FIFO 11/03/22 US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
11/02/22 912828XX3 450,000.00 430,910.16 3,081.52 433,991.68 (25,716.80) (21,540.52) FIFO Transaction Type Sub-Total 1,000,000.00 958,187.51 6,864.13 965,051.64 (56,539.06) (47,255.74) Managed Account Sub-Total (8,979.83) 30,727.08 21,747.25 (56,538.97) (47,255.74) Total Security Transactions ($8,979.83) $30,727.08 $21,747.25 ($56,538.97) ($47,255.74)

Page 27 ends

Account Statement For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
Opening Balance 34,554.95
11/01/22 11/01/22 Purchase - Interest 13077DQD7 1.00 366.35 34,921.30 11/01/22 11/01/22 Purchase - Interest 17252MAP5 1.00 1,108.79 36,030.09 11/01/22 11/01/22 Purchase - Interest 90327QD89 1.00 3,269.53 39,299.62 11/03/22 11/03/22 Purchase - Interest 912828XX3 1.00 3,081.52 42,381.14 11/03/22 11/03/22 Purchase - Interest 912828XX3 1.00 1,711.96 44,093.10 11/03/22 11/03/22 Purchase - Principal 912828XX3 1.00 430,910.16 475,003.26 11/03/22 11/03/22 Purchase - Principal 912828XX3 1.00 239,980.47 714,983.73 11/03/22 11/03/22 Redemption - Principal 14041NGB1 1.00 (244,961.56) 470,022.17 11/03/22 11/03/22 Redemption - Principal 65558UYF3 1.00 (450,000.00) 20,022.17 11/04/22 11/04/22 Purchase - Interest 912828XX3 1.00 2,070.65 22,092.82 11/04/22 11/04/22 Purchase - Principal 912828XX3 1.00 287,296.88 309,389.70 11/04/22 11/04/22 Redemption - Principal 912828U24 1.00 (273,773.44) 35,616.26 11/04/22 11/04/22 Redemption - Interest 912828U24 1.00 (2,820.65) 32,795.61 11/07/22 11/07/22 Purchase - Interest 3137EAEZ8 1.00 437.50 33,233.11 11/07/22 11/07/22 Purchase - Interest 3135G06G3 1.00 1,625.00 34,858.11 11/14/22 11/14/22 Purchase - Interest 037833DT4 1.00 3,093.75 37,951.86 11/15/22 11/15/22 Purchase - Interest 369550BG2 1.00 3,937.50 41,889.36 11/15/22 11/15/22 Purchase - Interest 912828U24 1.00 6,500.00 48,389.36 11/15/22 11/15/22 Purchase - Interest 91324PEC2 1.00 1,293.75 49,683.11 11/15/22 11/15/22 Purchase - Interest 91412HGE7 1.00 375.28 50,058.39 11/15/22 11/15/22 Purchase - Interest 14314QAC8 1.00 47.67 50,106.06

Page 28 ends

Account Statement For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
11/15/22 11/15/22 Purchase - Interest 14318MAD1 1.00 694.75 50,800.81 11/15/22 11/15/22 Purchase - Interest 254683CP8 1.00 94.25 50,895.06 11/15/22 11/15/22 Purchase - Interest 44933LAC7 1.00 23.75 50,918.81 11/15/22 11/15/22 Purchase - Interest 44935FAD6 1.00 49.33 50,968.14 11/15/22 11/15/22 Purchase - Interest 65480BAC1 1.00 81.13 51,049.27 11/15/22 11/15/22 Purchase - Interest 65480JAC4 1.00 520.33 51,569.60 11/15/22 11/15/22 Purchase - Interest 89190GAC1 1.00 70.42 51,640.02 11/15/22 11/15/22 Purchase - Principal 44933LAC7 1.00 525.79 52,165.81 11/16/22 11/16/22 Purchase - Interest 362554AC1 1.00 48.17 52,213.98 11/16/22 11/16/22 Purchase - Interest 36265QAD8 1.00 1,251.86 53,465.84 11/21/22 11/21/22 Purchase - Interest 36261RAD0 1.00 23.38 53,489.22 11/21/22 11/21/22 Purchase - Interest 380144AD7 1.00 11.96 53,501.18 11/21/22 11/21/22 Purchase - Interest 43815GAC3 1.00 73.33 53,574.51 11/25/22 11/25/22 Purchase - Interest 459058JM6 1.00 625.00 54,199.51 11/25/22 11/25/22 Purchase - Interest 3137BGK24 1.00 637.92 54,837.43 11/25/22 11/25/22 Purchase - Interest 3137FKK39 1.00 14.86 54,852.29 11/25/22 11/25/22 Purchase - Interest 3137FQ3V3 1.00 1.79 54,854.08 11/25/22 11/25/22 Purchase - Principal 3137FQ3V3 1.00 1,026.51 55,880.59 11/25/22 11/25/22 Purchase - Principal 3137FKK39 1.00 15.36 55,895.95 11/25/22 11/25/22 IP Fees October 2022 1.00 (2,617.60) 53,278.35 11/25/22 11/25/22 U.S. Bank Fees September 2022 1.00 (136.61) 53,141.74 11/28/22 11/28/22 Purchase - Interest 3135G06H1 1.00 406.25 53,547.99

Page 29 ends

Account Statement For the Month Ending November 30, 2022

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
11/30/22 12/01/22 Accrual Income Div Reinvestment - Distributions 1.00 143.55 53,691.54 53,691.54
53,691.54
53,691.54
44,432.42
1,574.61

0.00 (9,762,658.35)
9,561,173.21
255,176.68
143.55
53,691.54

0.00 (974,309.86)
993,446.45
34,554.95
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Month of Fiscal YTD
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
November January-November

3.90%

Page 30 ends

Page 1 of 4 ends

REPORT TO SUCCESSOR AGENCY BOARD OF

THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To: Honorable Agency Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Barbara Leibold, Agency Counsel
Date: January 10, 2023
Subject: Ninth Amendment to Stadium Interim Management Agreement Recommendation
Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY

OF THE CITY OF LAKE ELSINORE APPROVING A NINTH AMENDMENT TO THE STADIUM

INTERIM MANAGEMENT AGREEMENT BETWEEN THE SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AND THE LAKE ELSINORE STORM LP.

Background
In 1994, the former Redevelopment Agency of the City of Lake Elsinore (the “RDA”), completed the Lake Elsinore Diamond Stadium (“Diamond Stadium”) on property donated for purposes of developing a minor league professional baseball stadium. The Diamond Stadium was intended to stimulate economic development and redevelopment within the Rancho Laguna Redevelopment Project Area 3 consistent with and in furtherance of the Redevelopment Plan. As required by that certain First Amendment to Amended and Restated Option Agreement Under Threat of Condemnation and Irrevocable Offer To Donate Stadium Site and Stadium Access Parcel and Unconditional Acceptance Subject To Covenants, Conditions, Restrictions and Reservations dated August 5, 1993, the RDA operated, managed and maintained the Diamond Stadium pursuant to various agreements.

In 2001 and 2002, the RDA entered into certain agreements involving the operation and maintenance of the Diamond Stadium, including a License Agreement, a Stadium Field and Maintenance Agreement, and a Concession License Agreement (collectively, the “Stadium Operations Contracts”). Pursuant to the Stadium Operations Contracts, the Storm licensed and maintained the Stadium for baseball games and other Storm events. An affiliate of the Storm, Golden State Concessions and Catering, Inc. (“Golden State”), operated the concessions at the Stadium. Under the Stadium Operations Contracts, the RDA’s management, operation and maintenance costs were significant and the Stadium operated at a loss.

Stadium Interim Management Agreement Ninth Amendment

Page 2 of 4 ends

In 2005, the RDA commenced negotiations with Diamond Stadium Group (DSG) to undertake all of the Stadium operations, maintenance and management responsibilities. Storm LP, Golden State and DSG share common controlling ownership. Negotiations between the RDA and DSG resulted in June 2007 amendments to the Stadium Operations Contracts and a new Stadium License, Lease and Management Agreement (the “2007 Management Agreement”).

DSG fulfilled all aspects of the 2007 Management Agreement which reduced the RDA’s Stadiumrelated costs. However, in June 2011 DSG elected to exercise its right to terminate the 2007 Management Agreement effective December 31, 2012 citing annual losses under the 2007 Management Agreement. Upon termination of the 2007 Management Agreement, the rights and responsibilities for Stadium management, operations and maintenance were again divided in accordance with the Stadium Operations Contracts; however, at that time, the RDA had been dissolved and the Successor Agency did not have the resources to satisfactorily perform its obligations.

On December 11, 2012, the Successor Agency approved the Stadium Interim Management Agreement (“Interim Agreement”) to provide for the efficient and cost effective management, maintenance and operation of the Stadium by the Storm through 2013. A First Amendment to the Interim Agreement was approved in September 2013. A Second Amendment to the Interim Agreement was approved in September 2014, a Third Amendment was approved in September 2015, a Fourth Amendment was approved in September 2016, a Restated Fifth Amendment and Extension (collectively, “Fifth Amendment”) was approved in May and June 2018, a Sixth Amendment was approved January 8, 2019, a Seventh Amendment and an Amended and Restated Seventh Amendment (collectively “Seventh Amendment”) was approved January 14, 2020 and January 12, 2021, respectively, an Eighth Amendment and an Amended and Restated Eighth Amendment (collectively “Eighth Amendment”) was approved January 14, 2022 and September 13, 2022, respectively.

The State Department of Finance has approved the allocation of Real Property Tax Trust Funds for Stadium obligations in accordance with the Successor Agency Recognized Obligations Payment Schedules (ROPS). The Interim Agreement and the First through Eighth Amendments have been successfully implemented to provide for efficient and cost effective management, maintenance and operation of the Diamond Stadium.

Discussion
The 2020 and 2021 baseball seasons suffered tremendous challenges due to the COVID-19 pandemic. Minor League baseball was cancelled in 2020 and the Stadium operations were significantly restricted. Major League Baseball (MLB) engaged in a sweeping overhaul of the player development structure during the 2020 off-season, eliminating the National Association of Professional Baseball Leagues (NAPBL) as the governing structure and cutting approximately twenty-five percent (25%) of minor league affiliates. Remaining affiliates now contract directly with MLB under a new Player Development License agreement finalized in 2021 and aimed at modernizing facilities and improving player training and logistics. In this restructure the Storm has been designated as a “Class A” team.

Stadium Interim Management Agreement Ninth Amendment

Page 3 of 4 ends

The impacts of COVID-19, Major League Baseball restructuring in 2020 increases in minimum wage and current inflationary pressures continue to affect Stadium operations and the parties’ budget assumptions and projections, including operational and capital requirements and facilities standards established by MLB in the Player Development License. In order to address these impacts and provide certainty to the Successor Agency and the Storm for the continued efficient and cost effective management, maintenance and operation of the Diamond Stadium through the 2024 baseball season, the Successor Agency proposes to enter into a Ninth Amendment (“Ninth Amendment”) extending the term one year to September 30, 2024. The proposed Ninth Amendment also updates the Capital Repair schedule as set forth in Exhibit “C.” Absent the Ninth Amendment, the existing Interim Management Agreement will expire on September 30, 2023 at which time the burden of maintaining, managing and operating Diamond Stadium under the Stadium Operations Contracts will fall onto the Successor Agency. The Successor Agency lacks the personnel and the expertise to fulfil these contractual obligations.

The proposed Ninth Amendment is reasonable and necessary to satisfy the Successor Agency’s contractual obligations under the Stadium Operations Contracts and to protect and maintain the assets of the Former Agency. The Storm possesses the experience, capabilities and qualifications to best carry out these obligations. The proposed Ninth Amendment is in the best interests of the taxing entities because the Storm’s skills, knowledge and resources will provide continued, efficient and cost effective management, maintenance and operation of the Diamond Stadium which will protect the public’s investment in the Stadium, minimize costs and mitigate against potential breach of contract and related damages.

Interim Management Agreement - The Interim Stadium Management Agreement as amended by the proposed Ninth Amendment incorporates the obligations under the Stadium Operations Contracts and provides for a Capital Improvement Schedule.

During the 2023-2024 term of the Ninth Amendment, compensation to the Storm for the performance of the maintenance, management and operations services shall be as follows:
(a) Assignment of GRCS Concession Fee. Successor Agency assigns Successor Agency’s right to payment of the GRCS Concession Fee under the Concession Agreement to the Storm during the 2023-2024 term, estimated at $34,000 annually; and
(b) Waiver of License Fee. Successor Agency waives Successor Agency’s right to payment of the License Fee in the amount of $590,420 for the period October 1, 2023 through September 30, 2024 under the License Agreement as an offset against the payments due by the Successor Agency to the Storm; and
(c) Payment of Maintenance Fee. Successor Agency shall pay the Annual Maintenance Fee in the amount of $280,003 for the period October 1, 2023 through September 30, 2024; and
(d) Payment of Additional Interim Management Fee. Successor Agency shall pay to Storm $881,408 for the period October 1, 2023 through September 30, 2024, payable in equal monthly installments (“Additional Interim Management Fee”).

Stadium Interim Management Agreement Ninth Amendment

Page 4 of 4 ends

The Maintenance Fee along with the Additional Interim Management Fee will result total cash payment from the Successor Agency to the Storm of $1,161,411 for the period October 1, 2023 through September 30, 2024 as consideration for services provided under the Stadium Operations Contracts and the Interim Agreement, which aggregate amount shall be payable in equal monthly installments of $96,784,.25 for the period October 1, 2023 through September 30, 2024.

The Successor Agency continues to be responsible for all Capital Repairs and alterations consistent with the Stadium Operations Contracts. Projected Capital Repair expenditures under the proposed Eighth Amendment includes $1,197,000 for the 2023-2024 term of the Ninth Amendment.

The Ninth Amendment is subject to the approval of the Riverside Countywide Oversight Board and the Department of Finance (DOF).

Fiscal Impact
The proposed Ninth Amendment provides a high level of certainty relating to the costs of Stadium operations and maintenance under the Stadium Operations Contracts. The Successor Agency ROPS 22-23 included Real Property Tax Trust Funds to cover the Successor Agency obligations for the period of July 1, 2022 through June 30, 2023. ROPS 23-24 includes a request for Real Property Tax Trust Funds to cover the Successor Agency obligations for the period of July 1, 2023 through June 30, 2024.

Attachments
Attachment 1- Resolution Approving Ninth Amendment to Stadium Interim Management Agreement
Attachment 2 - Ninth Amendment to Stadium Interim Management Agreement Attachment 3 - Stadium Interim Management Agreement
RESOLUTION NO. SA-2023-0

A RESOLUTION OF THE SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE

APPROVING THE NINTH AMENDMENT TO THE STADIUM INTERIM

MANAGEMENT AGREEMENT BETWEEN THE SUCCESSOR AGENCY

OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE

ELSINORE AND THE LAKE ELSINORE STORM LP
Whereas, in furtherance of the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area 3 (“Redevelopment Plan”) and that certain First Amendment to Amended and Restated Option Agreement Under Threat of Condemnation and Irrevocable Offer To Donate Stadium Site and Stadium Access Parcel and Unconditional Acceptance Subject To Covenants, Conditions, Restrictions and Reservations (“Offer to Donate”) dated August 5, 1993, the former Redevelopment Agency of the City of Lake Elsinore (the “RDA”) acquired certain real property for redevelopment purposes and thereafter, in 1994, completed the Lake Elsinore Diamond Stadium (“Diamond Stadium”) on property donated for purposes of developing a minor league professional baseball stadium; and
Whereas, in furtherance of the Redevelopment Plan and the covenants, conditions, restrictions and reservations set forth in the Offer to Donate restricting the use of the property as a minor league professional baseball stadium for a minimum of fifty (50) years, the RDA operated, managed and maintained the Diamond Stadium pursuant to various agreements, including a Concession License Agreement, a License Agreement, and a Stadium Field and Maintenance Agreement (collectively, “Stadium Operations Contracts”); and Whereas, following the dissolution of the RDA, the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore (“Successor Agency”) was been established to wind down the affairs of the RDA in accordance with the California Health and Safety Code; and Whereas, in 2012, the Successor Agency and the Oversight Board to the Successor Agency (“Lake Elsinore Oversight Board”) approved the Stadium Interim Management Agreement dated January 1, 2013 by and between the Successor Agency and the Lake Elsinore Storm LP (the “Interim Agreement”) to provide for the performance of the enforceable obligations under the Stadium Operation Contracts and the Offer to Donate, including maintenance, management, promotion and operations of the Diamond Stadium and following such approval by the Lake Elsinore Oversight Board and the Successor Agency, the Interim Agreement was submitted to and approved by the State Department of Finance (“DOF”); and, Whereas, in 2013, the Successor Agency and the Lake Elsinore Oversight Board approved the First Amendment to Stadium Interim Management Agreement dated January 1, 2014 by and between the Successor Agency and the Lake Elsinore Storm LP (the “First Amendment”) and following such approval by the Lake Elsinore Oversight Board and the Successor Agency, the First Amendment was submitted to and approved by the DOF; and, Whereas, in 2014, the Successor Agency and the Lake Elsinore Oversight Board approved the Second Amendment to Stadium Interim Management Agreement dated January 1, 2015 by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm LP (the “Second Amendment”) and following such approval by the Lake Elsinore Oversight Board and the Successor Agency, the Second Amendment was submitted to and approved by the DOF; and,
Reso No. SA-2023-0

Page 2 of 4 ends

Whereas, in 2015, the Successor Agency and the Lake Elsinore Oversight Board approved the Third Amendment to Stadium Interim Management Agreement dated January 1, 2016 by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm LP (the “Third Amendment”) and following such approval by the Lake Elsinore Oversight Board and the Successor Agency, the Third Amendment was submitted to and approved by the DOF; and,
Whereas, in 2016, the Successor Agency and the Lake Elsinore Oversight Board approved the Fourth Amendment to Stadium Interim Management Agreement dated January 1, 2017 by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm LP (the “Fourth Amendment”) and following such approval by the Lake Elsinore Oversight Board and the Successor Agency, the Fourth Amendment was submitted to and approved by the DOF; and,
Whereas, in 2018, the Successor Agency and the Lake Elsinore Oversight Board approved the Restated Fifth Amendment to Stadium Interim Management Agreement dated May 8, 2018 by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm LP and the Extension to Restated Fifth Amendment dated June 26, 2018 (collectively, the “Fifth Amendment”) and following such approvals by the Lake Elsinore Oversight Board and the Successor Agency, the Fifth Amendment was submitted to and approved by the DOF; and,
Whereas, in 2019, the Successor Agency and the Riverside County Oversight Board approved the Sixth Amendment to Stadium Interim Management Agreement dated January 8, 2019 by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm LP (the “Sixth Amendment”) and following such approval by the Riverside County Oversight Board and the Successor Agency, the Sixth Amendment was submitted to and approved by the DOF; and
Whereas, in 2020 and 2021, the Successor Agency and the Riverside County Oversight Board approved the Seventh Amendment to Stadium Interim Management Agreement dated January 14, 2020 and the Amended and Restated Seventh Amendment dated January 12, 2021 by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm LP (collectively, the “Seventh Amendment”) and following such approval by the Riverside County Oversight Board and the Successor Agency, the Amendments were submitted to and approved by the DOF; and
WHEREAS, in 2022, the Successor Agency and the Riverside County Oversight Board approved the Eighth Amendment to Stadium Interim Management Agreement dated January 11, 2022 and the First Amendment to the Eighth Amendment to Stadium Interim Management Agreement dated September 13, 2022 by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm LP (collectively, the “Eighth Amendment”) and following such approval by the Riverside County Oversight Board and the Successor Agency, the Amendments were submitted to and approved by the DOF; and
Whereas, the Interim Agreement and the First, Second, Third, Fourth, Fifth, Sixth, Seventh and Eighth Amendments have been successfully implemented to provide for efficient and cost effective management, maintenance and operation of the Diamond Stadium but, absent an Reso No. SA-2023-0

Page 3 of 4 ends

extension of the Ninth Amendment, the Interim Agreement will expire on September 30, 2023; and,
Whereas, consistent with the legislative authorization contained in AB 1484 and SB 107 allowing successor agencies to enter into enforceable obligations for the purpose of maintaining the assets of the former redevelopment agency and implementing enforceable obligations pursuant to underlying contracts and agreements, the Successor Agency seeks to provide for the continued, efficient and cost effective management, maintenance and operation of the Stadium and to retain the Storm to carry out such continuing obligations on an interim basis for in accordance with the proposed Ninth Amendment to Stadium Interim Management Agreement (“Ninth Amendment”); and,
Whereas, pursuant to Health and Safety Code Section 34177(o)(1) a “Recognized Obligation Payment Schedule” that lists all obligations of the former redevelopment agency that are enforceable within the meaning of subdivision (d) of Section 34167 for the period commencing July 1, 2023 – June 30, 2024 (the “ROPS 23-24”) which lists, among other things, as enforceable obligations of the Successor Agency, the following obligations related to the Lake Elsinore Diamond Stadium (the “Stadium”): (i) License Agreement; (ii) Maintenance Agreement; (iii) Concession Agreement; (iv) Stadium operations and maintenance obligations, and (v) the Interim Agreement (as amended) has been prepared for approval by the Successor Agency on January 10, 2023 and the Oversight Board on January 19, 2023 and subsequent ROPS will be similarly prepared throughout the term of the Stadium Operations Contracts.

NOW, THEREFORE, THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

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

Section 2. Based on the information presented in the staff report and testimony received, the Successor Agency finds (i) that the proposed Ninth Amendment to the Interim Agreement is reasonable and necessary to satisfy the Successor Agency’s contractual obligations under the Stadium Operations Contracts and to protect and maintain the assets of the former Redevelopment Agency, (ii) that Real Property Tax Trust Fund (RPTTF) revenues requested by the Successor Agency in the ROPS 23-24 includes funds necessary to meet the Successor Agency’s enforceable obligations, and (iii) that the Ninth Amendment to the Interim Agreement is in the best interests of the taxing entities because the Storm’s skills, knowledge and resources will provide continued, efficient and cost effective management, maintenance and operation of the Diamond Stadium which will protect the public’s investment in the Stadium, minimize costs and mitigate against potential breach of contract and related damages.

Section 3. Based on the above findings, the Successor Agency approves the Ninth Amendment to the Stadium Interim Management Agreement by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm LP in substantially the form attached and authorizes and directs the Executive Director to execute the Ninth Amendment in such final form as approved by Successor Agency Counsel and submitted to and approved by the Riverside Countywide Oversight Board. The Executive Director is further authorized to execute such other documents as necessary to implement the Ninth Amendment as approved by Agency Counsel.

Reso No. SA-2023-0

Page 4 of 4 ends

Section 4. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this resolution are severable. The Successor Agency hereby declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion thereof.

Section 5. This Resolution shall take effect from and after the date of its passage and adoption in accordance with, and subject to, all applicable requirements of the Health & Safety Code.

Passed, Approved and Adopted by the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore, California, this 10th day of January, 2023.

Natasha Johnso, Chair
ATTEST:

Candice Alvarez, MMC
Agency Secretary

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, Secretary of the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore, California, hereby certify that Resolution No. SA-2023- 0 was adopted by the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore at a Regular meeting held on the 10th day of January, 2023 by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:

Candice Alvarez, Agency Secretary
Draft Ninth Amendment.v1.011023
- 1 -

NINTH AMENDMENT TO STADIUM

INTERIM MANAGEMENT AGREEMENT

THIS NINTH AMENDMENT TO STADIUM INTERIM MANAGEMENT
AGREEMENT (“Ninth Amendment”), dated for identification as of January 10, 2023, is made by and between the SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE (“Successor Agency”), and the LAKE ELSINORE STORM LP, a California limited partnership (“Storm”).

RECITALS
The following recitals are a substantive part of this Ninth Amendment:

A. The City Council of the City of Lake Elsinore adopted a redevelopment plan (the “Redevelopment Plan”) for an area within the City known as the Rancho Laguna Redevelopment Project Area 3 (the “Project Area”) by way of its approval of Ordinance No. 815 on September 8, 1987, as thereafter amended by Ordinance No. 987 adopted on November 22, 1994.

B. In furtherance of the Redevelopment Plan and that certain First Amendment to Amended and Restated Option Agreement Under Threat of Condemnation and Irrevocable Offer To Donate Stadium Site and Stadium Access Parcel and Unconditional Acceptance Subject To Covenants, Conditions, Restrictions and Reservations (“Offer to Donate”) dated August 5, 1993, the former Redevelopment Agency of the City of Lake Elsinore acquired certain real property for redevelopment purposes and thereafter, in 1994, completed the “Lake Elsinore Diamond Stadium” on property donated for purposes of developing a minor league professional baseball stadium.

C. In furtherance of the Redevelopment Plan and the covenants, conditions, restrictions and reservations set forth in the Offer to Donate restricting the use of the property as a minor league professional baseball stadium for a minimum of fifty (50) years, the former Redevelopment Agency operated, managed and maintained the Lake Elsinore Diamond Stadium and the property (collectively, the Premises”) pursuant to various agreements, including the Stadium Operations Contracts.

D. Following the dissolution of the former Redevelopment Agency, the Successor Agency entered into that certain Stadium Interim Management Agreement dated January 1, 2013 (the “Interim Agreement”) to provide for the performance of the enforceable obligations under the Stadium Operation Contracts and the Offer to Donate, including maintenance, management, promotion and operations of the Premises. Capitalized terms used herein which are not otherwise defined herein shall have the meaning ascribed to them in the Interim Agreement.

E. The Interim Agreement was successfully implemented during calendar year 2013 to provide for efficient and cost effective management, maintenance and operation of the Premises.

F. In order to provide for continued efficient and cost effective management, maintenance and operation of the Premises for calendar year 2014, the Successor Agency and the Storm entered into that certain First Amendment (2014) to Stadium Interim Management Agreement dated September 24, 2013 (the “First Amendment”).

Draft Ninth Amendment.v1.011023
- 2 -
G. In order to provide for continued efficient and cost effective management, maintenance and operation of the Premises for calendar year 2015, the Successor Agency and the Storm entered into that certain Second Amendment (2015) to Stadium Interim Management Agreement dated September 23, 2014 (the “Second Amendment”).

H. In order to provide for continued efficient and cost effective management, maintenance and operation of the Premises for calendar year 2016, the Successor Agency and the Storm entered into that certain Third Amendment (2016) to Stadium Interim Management Agreement dated September 22, 2015 (the “Third Amendment”).

I. In order to provide for continued efficient and cost effective management, maintenance and operation of the Premises for January 1 2017 – June 30, 2018, the Successor Agency and the Storm entered into that certain Fourth Amendment (2017-2018) to Stadium Interim Management Agreement dated September 27, 2016 (the “Fourth Amendment”).

J. In order to provide for continued efficient and cost effective management, maintenance and operation of the Premises for July 1, 2018 – June 30, 2019, the Successor Agency and the Storm entered into that certain Restated Fifth Amendment (2018-2019) to Stadium Interim Management Agreement dated May 8, 2018 (the “Fifth Amendment”).

K. In order to avoid significant uncertainty, disruption and potential financial liabilities caused by the expiration of the Fifth Amendment in the middle of the 2019 baseball season, the Successor Agency and Storm entered into that certain Extension to Restated Fifth Amendment to Stadium Interim Management Agreement (“Extension”) dated June 26, 2018 which extended the term of the Fifth Amendment to September 30, 2019.

L. In order to provide for continued efficient and cost effective management, maintenance and operation of the Premises for October 1, 2019 to September 30, 2020, the Successor Agency and the Storm entered into that certain Sixth Amendment to Stadium Interim Management Agreement dated January 8, 2019 (the “Sixth Amendment”).

M. In order to provide for continued efficient and cost effective management, maintenance and operation of the Premises for October 1, 2020 to September 30, 2022, the Successor Agency and the Storm entered into that certain Seventh Amendment to Stadium Interim Management Agreement dated January 14, 2020 and the Amended and Restated Seventh Amendment to Stadium Interim Management Agreement dated January 12, 2021 (collectively the “Seventh Amendment”).

N. In order to provide for continued efficient and cost effective management, maintenance and operation of the Premises for October 1, 2022 to September 30, 2023, the Successor Agency and the Storm entered into that certain Eighth Amendment to Stadium Interim Management Agreement dated January 11, 2022 and the First Amendment to the Eighth Amendment to Stadium Interim Management Agreement dated September 13, 2022 (collectively, the “Eighth Amendment”).

O. The obligations set forth in the Interim Agreement and the First through Eighth Amendments have been included in prior Recognized Obligation Payment Schedules (ROPS) approved by the Successor Agency, the Oversight Board of the Successor Agency, the Draft Ninth Amendment.v1.011023
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Countywide Oversight Board for Riverside County (“Oversight Board”) and the Department of Finance (“DOF”).

P. The 2020 and 2021 baseball seasons suffered tremendous challenges due to the COVID-19 pandemic. The Minor League baseball 2020 season was cancelled, the 2021 season modified and Stadium operations overall were significantly restricted. Major League Baseball (MLB) engaged in a sweeping overhaul of the player development structure during the 2020 offseason, eliminating the National Association of Professional Baseball Leagues (NAPBL) as the governing structure and cutting approximately twenty-five percent (25%) of minor league affiliates. Remaining affiliates, including the Storm, now contract directly with MLB under a new Player Development License agreement aimed at modernizing facilities and improving player training and logistics. In this restructure the Storm has been designated as a “Class A.” Q. The impacts of COVID-19, MLB’s restructuring in 2020, the revised operational and capital requirements and facilities standards established by MLB in the Player Development License, enhanced cleaning requirements, increases in minimum wage and persistent inflationary pressures have affected Stadium operations. These impacts must be addressed in the Stadium operations budget assumptions and projections for the continued efficient and cost effective management, maintenance and operation of the Premises in accordance with the Stadium Operations Contracts and the Interim Agreement. In order to provide certainty to the Successor Agency and the Storm through the 2024 baseball season, the parties desire to enter into this Ninth Amendment.

R. The Stadium Operations Contracts and the covenants, conditions, restrictions and reservations set forth in the Offer to Donate remain enforceable obligations within the meaning of Health and Safety Code (“HSC”) Section 34171(d)(1)(E) and the Successor Agency seeks to (1) provide for the continued efficient and cost effective management, maintenance and operation of the Premises, and (2) retain the Storm, which possesses the experience and qualifications to continue to carry out such obligations. Engagement of the Storm is necessary and consistent with the legislative authorization contained in HSC Section 34171(d)(1)(F) allowing successor agencies to enter into enforceable obligations for the purpose of maintaining the assets of the former Redevelopment Agency and to ensure that the “Lake Elsinore Storm,” owned by Storm LP, continues to play its home baseball games at the Stadium in accordance with the Stadium Operations Contracts.

S. Capital repairs for the period commencing October 1, 2023 through September 30, 2024 necessary to address increased costs, scheduling delays, emergency repairs, new MLB requirements for minor league audit and facilities standards as necessary to protect the structural components and operational systems of the twenty-nine (29) year old Stadium and to protect the safety of the players and the spectators consistent with applicable laws and MLB standards are set forth in Exhibit “C” to this Ninth Amendment.

T. In accordance with HSC Section 34177(o)(1), the Successor Agency adopted and submitted to DOF a Recognized Obligation Payment Schedule (“ROPS”) for the period from July 1, 2023 through June 30, 2024 which includes the Successor Agency obligations set forth in this Ninth Amendment and lists, among other things, as enforceable obligations of the Successor Agency, the following obligations related to the Premises as more fully described and referenced therein:

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(i) Concession License Agreement, as amended (“Concession Agreement”); (ii) License Agreement, as amended (“License Agreement”); (iii) Stadium Field and Maintenance Agreement, as amended (“Maintenance Agreement”);
(iv) Stadium operations and maintenance obligations; and (v) the Interim Agreement.

U. In furtherance of the purpose and intentions of the parties with respect to the Interim Agreement, the parties hereto agree to amend the Interim Agreement as provided herein.

AGREEMENT
NOW THEREFORE, in consideration of the foregoing Recitals and the terms contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows:

1. Business Plan. Not later than March 1 of each year during the Term, the Storm shall submit to the Executive Director of the Successor Agency (“Executive Director”) a Business Plan detailing the Storm’s operational and financial objectives for the Lake Elsinore Diamond Stadium during the Term of this Interim Agreement, as amended, including the 2023 and 2024 baseball seasons. The Business Plan shall include (a) management and labor requirements, (b) marketing and promotional objectives, including special events, advertising and cross-marketing efforts, (c) a COVID-19 Readiness Plan and proposals to improve general maintenance and efficiencies which may include updated and revised Maintenance Schedules for all areas of the Premises, including the concourse, snack bar and concession areas, outdoor landscaping and trash enclosures, (d) license, permit or other approval applications or renewals, if any, and (e) other relevant data or information relating to the performance by the Storm of its obligations under the Interim Agreement as amended.

2. Maintenance. Section 2.1 of the Interim Agreement, entitled “Maintenance” is hereby amended and restated in its entirety as follows:

2.1 Maintenance
The Storm shall be solely responsible for complying with the Maintenance Standards (Exhibit “B”) and shall comply with all applicable MLB maintenance standards and protocols as set forth in the Player Development License and all applicable federal, state and local requirements (including guidelines issued by the Center for Disease Control and the Riverside County Public Health Department) relating to COVID-19 or other public health concern. Subject to the Successor Agency’s obligations herein with respect to Capital Repairs, throughout the Term and subject to the terms and conditions of the Stadium Operations Contracts, the Storm shall take all additional necessary actions to maintain the Premises and all components thereof, of whatever kind or nature, to keep the Draft Ninth Amendment.v1.011023
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Premises in a first class condition and a good state of appearance and repair, ordinary wear and tear excepted.

3. Review Meetings. Section 2.4 of the Interim Agreement, entitled “Review Meetings” is hereby amended and restated in its entirety as follows:

2.4 Review Meetings/Facilities Inspections.
(a) Quarterly Meetings. As often as necessary, but in no event less than one time per quarter during the Term, the General Manager, or designee, and the Executive Director, or designee, shall meet at a mutually agreed upon time and place in order to discuss the condition of the Stadium and the performance of the Storm hereunder and any other applicable issues.
(b) Periodic Inspections. As often as necessary, but in no event less than one time during the Term, the Successor Agency shall engage a third party inspector to inspect the Premises and evaluate the condition of the capital facilities as well as the general maintenance of the Premises. The Executive Director shall provide the General Manager not less than fifteen (15) days prior notice of the third-party inspection(s). Capital facility repair needs identified by the third party inspector shall be incorporated into the Schedule of Capital Repairs pursuant to Section 2.4(c). Maintenance deficiencies identified by the third party inspector shall be remedied by the Storm as necessary to keep the Premises in a first class condition and a good state of appearance and repair consistent with the Maintenance Standards and as required by this Interim Agreement. Failure by the Storm to remedy maintenance deficiencies identified by the third party inspector shall be a Default pursuant to Section 19.1 of this Interim Agreement. (c) Annual Facilities Inspections. Not later than September of each year during the Term, the General Manager, or designee, and the Executive Director, or designee, shall (i) inspect the Stadium and conduct a facilities review to assess the condition of the Stadium and capital repair needs, and (ii) review the annual revenues and operating expenses for the prior July 1 – June 30 period to assess operational efficiencies. Prior to December 31, 2023, the General Manager, or designee, and the Executive Director, or designee, shall complete an Annual Operating Budget and Schedule of Capital Repairs, including estimated costs, for the period commencing October 1, 2024 – September 30, 2025.

4. Utilities. Section 5 of the Interim Agreement, entitled “Utilities” is hereby amended and restated in its entirety as follows:

5. Utilities. Notwithstanding any contrary provision contained in the Stadium Operations Contracts, the Storm shall be responsible for the payment of all Utilities regardless of whether the utility account is in the name of the Storm, the Successor Agency or City of Lake Elsinore. The Storm agrees to cooperate with the Successor Agency to explore ways to incorporate the use of or replace existing systems with alternative clean energy and to improve energy efficiency, Draft Ninth Amendment.v1.011023
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including electrical utility savings by way of power purchase agreements through the Southwest Riverside County Energy Authority. An energy assessment will be conducted during the Annual Inspection/Facilities Review pursuant to Section

2.4(c) and an amount equal to any savings accounted for from the prior fiscal year shall be subtracted from the Additional Interim Management Fee to be paid for the following fiscal year pursuant to Section 7.2(d).

5. Term of Agreement; Termination. Section 6 of the Interim Agreement, entitled “Term of Agreement; Termination,” is hereby deleted in its entirety and replaced with the following:

6. Term of Agreement; Termination

6.1. Term. The term of this Interim Agreement (hereinafter the “Term”) shall commence on the Effective Date and shall, unless earlier terminated in accordance with Sections 6.2, 19, or 20 hereof, shall expire September 30, 2024.

6.2. Rights of Termination.
(a) September 30, 2023 Termination. Successor Agency
may terminate this Interim Agreement effective as of September 30, 2023, by giving written notice thereof to the Storm no later than June 30, 2023. (b) Default. The Successor Agency and Storm shall have the right to terminate this Interim Agreement as a result of an uncured Default hereunder.

Any such termination shall be made in accordance with Sections 19 or 20. (c) Party’s Property and Offset. Upon termination of this Interim Agreement under this Section 6.2, all materials and equipment purchased by either party hereunder in connection with this Interim Agreement shall remain that party’s property. In addition, the Storm shall be entitled to payment for all of the Storm=s services rendered hereunder through the effective date of any such termination. (d) Effect of Termination. Notwithstanding the termination of this Interim Agreement pursuant to this Section 6.2, the provisions of Stadium Operations Contracts shall remain in full force and effect.

6. Stadium Use. Section 4.3 of the Interim Agreement, entitled “Stadium Use,” is hereby deleted in its entirety and replaced with the following:

4.3. Stadium Use.
(a) Storm Games. During the Term, the Storm shall play its home baseball games at the Stadium, including pre-season, regular season and play-off games as scheduled by the MLB and shall have the right to use the Stadium for baseball practices and workouts. Upon receipt from the MLB, each year during the Term, the Storm will provide the Executive Director with the written, proposed schedule for all professional baseball games involving the Storm for the coming baseball season including all pre-season games, a reasonable number of dates to be held for playoff Draft Ninth Amendment.v1.011023
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games, as required by the MLB, and practices and workouts (collectively, the “Storm Games”).
(b) Other Storm Events. In addition to the use of the Stadium for the Storm Games, the Storm shall have the right to use the Stadium for non-baseball related exhibitions, ceremonies or events (the “Other Storm Events”) on dates which the Stadium is not otherwise in use for Storm Games or other reserved uses, at its sole cost and expense, without any additional license fee or charge incurred, except for Storm’s obligation with respect to maintenance as provided herein and subject to the conditions set forth below.
i. Lake Elsinore Diamond Stadium. All promotional
and marketing materials for all Other Storm Events shall include the name “Lake Elsinore Diamond Stadium.”
ii. Special Event Permit. The Storm shall obtain a
Special Event Permit for all Other Storm Events from the City of Lake Elsinore in accordance with Chapter 5.108 of the Lake Elsinore Municipal Code, as now exists or as may hereafter be amended, including submittal of an application not less than sixty (60) days prior to the event and compliance with the Special Event Permit Requirements for Other Storm Events (Exhibit “D” attached hereto and incorporated by reference herein) and such additional conditions of approval as may be deemed necessary or appropriate by the City in connection with the issuance of a Special Event Permit for the Other Storm Event. Concurrent with the submittal of the special event application package to the City, the Storm shall notify the Executive Director in writing of the proposed date and title of the Other Storm Event and a promotional/marketing plan demonstrating the anticipated attendance.
ii. Governmental Regulations/Permits. The Storm
shall comply with all applicable local, state, and federal laws, ordinances, rules, regulations and requirements (including without limitation land use and zoning, environmental, labor and prevailing wage, occupational Health & Safety, building and fire codes) in connection with the promotion and operation of Other Storm Events and shall apply for, secure, maintain and comply with all required licenses and/or permits.

The Storm shall use commercially reasonable efforts to cause any users of the Stadium to report and pay sales taxes as generated within the City in accordance with all applicable laws.
iii. Quality Standards. The Storm shall conduct Other
Storm Events in accordance with the highest standards for cleanliness and quality and shall comply with all applicable terms and conditions of this Interim Agreement and the Stadium Operations Contracts.
(c) City/Agency Use. The Successor Agency, for itself and on behalf of the City of Lake Elsinore, reserves the right to use the Stadium, including without limitation, the Agency Suite and the Diamond Club for meetings, conferences and other events provided the Successor Agency notifies the Storm in advance.

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Notwithstanding the foregoing, the Storm shall have the right to use the Stadium on the days set forth in the schedule for the Storm Games and for Other Storm Events approved in accordance with the provisions of Section 4.3 (b) and the Successor Agency will not schedule any other events at the Stadium on the day of a Storm Game or other Storm Event if such event would interfere with the Storm’s use of the Stadium. (d) Agency Suite. For all Storm Games and Other Storm
Events, free of any charge to Successor Agency, the Storm shall (i) secure and deliver to the Successor Agency tickets and parking passes for use of the Agency Suite, or (ii) provide reasonable alternative methods of access to the Agency Suite and Agency Parking. In the event the Successor Agency elects not to use the Agency Suite for any Other Storm Event, the Storm, including its representatives and invitees, may use the Agency Suite. The Storm shall indemnify and hold the Successor Agency and the City harmless from any loss, cost or expense or damage to Successor Agency property associated or in connection with use of the Agency Suite by third parties.

7. Compensation. Section 7 of the Interim Agreement, entitled “Compensation,” is hereby deleted in its entirety and replaced with the following:

7. Compensation

7.1. Stadium Operations Contracts Compensation Recap. Pursuant to the Stadium Operations Contracts, the Storm and/or the Successor Agency are entitled to compensation during the Term as follows:
(a) License Fee: Under the License Agreement, the Storm is required to pay to the Successor Agency a License Fee in the amount of $590,420 for the period commencing October 1, 2023 through September 30, 2024. (b) Percentage of Concessions: Under the Concession
Agreement, the Storm’s affiliate, Golden State, is required to pay Successor Agency a percentage of the GRCS pursuant to Section 6 thereof (the “GRCS Concession Fee.”). (c) Annual Maintenance Fee: Under the Maintenance
Agreement, Successor Agency is required to pay Storm an Annual Maintenance Fee in the amount of $280,003 for the period commencing October 1, 2023 through September 30, 2024.

7.2. Storm Compensation. Commencing upon the Commencement Date (October 1, 2023), and continuing through the expiration of the Term, as consideration for the performance of the services set forth herein, the Storm shall be compensated as follows:
(a) Assignment of GRCS Concession Fee. Successor Agency hereby assigns Successor Agency’s right to payment of the GRCS Concession Fee under the Concession Agreement to the Storm during the Term, estimated at $34,000 annually; and
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(b) Waiver of License Fee. Successor Agency hereby waives Successor Agency’s right to payment of the License Fee under the License Agreement during the Term as an offset against the payments due by the Successor Agency to the Storm hereunder; and
(c) Payment of Annual Maintenance Fee. Successor Agency shall continue to pay the Annual Maintenance Fee as identified in Section 7.1(c) (i.e., $280,003 for the period commencing October 1, 2023 through September 30, 2024. (d) Payment of Additional Interim Management Fee.

Successor Agency shall pay to Storm an “Additional Interim Management Fee” in the amount of $881,408 for the period commencing October 1, 2023 through September 30, 2024, which shall be payable in equal monthly installments.

The Annual Maintenance Fee together with the Additional Interim Management Fee will result in total cash payment from the Successor Agency to the Storm of $1,161,411 for the period commencing October 1, 2023 through September 30, 2024 as consideration for services provided under the Stadium Operations Contracts and this Interim Agreement, which aggregate amount shall be payable in equal monthly installments of $96,784.25 for the period commencing October 1, 2023 through September 30, 2024.

The Storm acknowledges and agrees that in no event will the Successor Agency be required to provide the Storm with any other form of payment for performance of the services as provided in this Interim Agreement. The parties acknowledge that the historic operating costs of the Stadium equal or exceed the compensation due to Storm hereunder and that it is in each of the party’s best interests to enter into this Interim Agreement for the efficient use and operation of the Stadium.

8. Capital Repairs. Section 8 of the Interim Agreement, entitled “Capital Repairs,” is hereby deleted in its entirety and replaced with the following:

8. Capital Repairs.

Capital Repairs shall be governed by the applicable provisions of the Stadium Operations Contracts and as set forth herein. As defined in the Maintenance Agreement, “Capital Repairs” means all activities, and the provision of all labor and materials which are reasonably required to improve, repair, refurbish, modify, restore and/or replace, when reasonably necessary, the Stadium, or portions or components thereof, and the costs and expenses of which equal or exceed Five Hundred Dollars ($500.00). Notwithstanding the foregoing, the term Capital Repairs as used herein does not include the Storm’s responsibility for maintenance and upkeep as set forth in Section 2 of this Interim Agreement and the Maintenance Standards (Exhibit “B”).

A Capital Repair Schedule with estimated costs for the period commencing October 1, 2023 through September 30, 2024 is set forth in Exhibit “C” attached hereto and incorporated by reference herein. The Capital Repair Schedule is Draft Ninth Amendment.v1.011023
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intended to assist the Successor Agency in budgeting for Capital Repairs during the Term, but does not limit the Successor Agency’s responsibilities under the Stadium Operations Contracts. Upon receipt of real property tax trust funds for Capital Repairs, the Executive Director shall, to the extent permitted by applicable legal requirements, deposit those funds into a Capital Repair trust account to be expended by the Successor Agency solely for purposes of satisfying its Capital Repair obligations consistent with the Stadium Operations Contracts and this Interim Agreement.

The Executive Director or designee will designate certain Capital Projects that shall be subject to the Department of Public Works’ direct administration of the bid process and award of contract consistent with the applicable legal requirements. The Storm will undertake and complete such other Capital Repairs as set forth in Exhibit “C” as are mutually agreed. To the extent that the Storm undertakes such other Capital Repairs not undertaken by the Successor Agency, the Storm shall obtain not less than three (3) bids from qualified contractors unless otherwise excused by the Executive Director. Without limiting the Executive Director’s discretion, the bidding requirement herein may be excused in situations involving emergencies and sole source contractors. In addition, the Storm acknowledges the general requirement that certain Capital Repairs are subject to the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000, et seq., (“Prevailing Wage Laws”), which require the payment of prevailing wage rates with respect to certain capital improvements, repairs and maintenance work paid for in whole or in part out of public funds. Accordingly, the Storm agrees to, in the administrative of the bidding and contractor selection process, inform prospective bidders of the requirement to comply with the Prevailing Wage Laws. The Storm may confer with the Executive Director and seek direction with respect to whether or not a certain Capital Repair is subject to the Prevailing Wage Law.

Prior to the Storm awarding a contract for a Capital Repair to a qualified contractor, the Executive Director shall: (i) confirm that the Storm has followed the proper bidding procedures for selection of a contractor; and (ii) approve the selection of the contractor and the form of any agreement between the Storm and the contractor.

Upon completion of the Capital Repair (or a component thereof supporting a deposit or in-progress reimbursement), the Storm shall deliver to the Executive Director a written reimbursement request and supporting documentation (such as third party invoices, lien releases and cancelled checks). To the extent that the reimbursement request is for a completed Capital Repair, the Storm shall, if applicable, submit as-built drawings or similar plans and specifications for the items to be reimbursed.

9. Insurance. Section 10 of the Interim Agreement, entitled “Insurance” is hereby amended and restated in its entirety as follows:

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10. Insurance. The Storm shall maintain insurance as set forth in Section 13 of the License Agreement at all times during the term of this Interim Agreement.

In addition, the Storm shall maintain liquor liability coverage in an amount not less than $5 million at all times during the term of this Interim Agreement. The liquor liability coverage required pursuant to this Section 10 shall be separate from the coverage that may be required by the City of Lake Elsinore as a condition of approval to a Special Event Permit obtained in accordance with Section 4.3(b) herein.

8. City Manager/Executive Director. The City Manager of the City of Lake Elsinore serves in the capacity as Executive Director of the Successor Agency and all references to “City Manager” in the Interim Agreement shall be synonymous with “Executive Director” as used in this Ninth Amendment and vice versa.

9. Accuracy of Recitals. The Parties acknowledge the accuracy of the foregoing Recitals, which are incorporated herein by this reference.

10. Authority; Priority of Amendment. This Ninth Amendment is executed by the Parties’ authorized representatives. Except as expressly modified herein, all of the terms of the Interim Agreement shall remain unchanged and in full force and effect, and the Parties shall continue to fulfill their respective obligations under the Interim Agreement as amended by this Ninth Amendment. To the extent of any conflict between the terms of the Interim Agreement and the terms of this Ninth Amendment, the terms of this Ninth Amendment shall control.

11. Captions. The captions appearing in this Ninth Amendment are for convenience only and are not a part of this Ninth Amendment and do not in any way limit, amplify, define, construe, or describe the scope or intent of the terms or provisions of this Ninth Amendment.

12. Counterparts. This Ninth Amendment may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute but one and the same document.

13. Commencement Date. The provisions of this Ninth Amendment shall commence on October 1, 2023 (the “Commencement Date”).

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IN WITNESS WHEREOF, the parties have executed this NINTH AMENDMENT TO STADIUM INTERIM MANAGEMENT AGREEMENT on the respective dates set forth below. “SUCCESSOR AGENCY”

SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE

CITY OF LAKE ELSINORE
Dated: By:

Jason Simpson,
Executive Director
ATTEST:

SUCCESSOR AGENCY SECRETARY
By:

Candice Alvarez, MMC,
APPROVED AS TO FORM:

LEIBOLD McCLENDON & MANN, P.C.

Successor Agency Counsel
By:

Barbara Leibold
“STORM”
LAKE ELSINORE STORM LP, a
California limited partnership
By: GJJ STORM MANAGEMENT,
LLC, a California limited liability
company
Its: General Partner
Dated: By:

Gary E. Jacobs, Manager
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EXHIBIT “C”
EXHIBIT “C”

CAPITAL REPAIR SCHEDULE
DESCRIPTION – SUCCESSOR AGENCY OCTOBER 1, 2023 TO
SEPTEMBER 30, 2024

CAPITAL REPAIRS
DRAINAGE REPAIRS - BEHIND OUTFIELD WALL $ 85,000

FACILITY CAPITAL REPAIR
1ST BASE SIDE STORAGE AREA
$150,000
UPDATE ELEVATOR TO CURRENT STANDARDS $110,000
MLB BATTERS EYE - REPAIR TO STANDARD $ 72,000
FACILITY CABLING CAPITAL REPAIRS $ 65,000

STADIUM SECURITY AND FIRE CODE LOCK CAPITAL

REPLACEMENT
$ 70,000
BLOCK WALL REPAIRS - PERIMETER $170,000

UNDERGROUND SEWER AND PLUMBING PIPE

REPAIRS

EMERGENCY CAPITAL REPAIRS
$300,000
$65,000
MAINTENANCE - EQUIPMENT REPLACEMENT $110,000
$1,197,000
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EXHIBIT “D”
EXHIBIT “D”

LAKE ELSINORE DIAMOND STADIUM

SPECIAL EVENT PERMITS REQUIREMENTS

OTHER STORM EVENTS

1. Spectator Parking and Attendants:
a. The location of spectator parking is designated as the Diamond Stadium Parking lot(s) A, B & C.
b. Appropriate Staffing for parking fees and direction isrequired.

2. ADA Compliant:
a. Provide ADA Accessible Parking as close as practicable to the tract and admission area.
b. Provide ADA Restrooms as near as practicable to the track and concession stands. c. Have personnel ready to assist handicap patrons as needed.

3. Event Access:
a. Event access shall be coordinated with City Public Works Department Staff. b. No modifications to dirt right of way are permitted (levee, MalagaRd). c. During hours of event operation, no vehicles shall be permitted to drive into, around, inside or leave the Event (base area).
d. Access across private property for the Event Obstacle Course and Parking shall be secured with notarized right of entry permission.

4. Vendors & Exhibitors:
a. All vendors selling food shall have the appropriate Riverside County Health Department Permits and submit to the Special Events Coordinator 20 days prior to event.
b. All vendors selling products/services are required to maintain a City of Lake Elsinore Business License during the duration of the event (for convenience, the City offers one-day business licenses).
c. A minimum of an eight-foot aisle way shall be provided between concessions, waste and sanitation facilities.
d. Food vendors shall provide the equivalent of two 30-gallon trash containers within ten (10) feet of their concessions.
e. Organizers shall provide one (1) standard booth space free of charge to the City.

5. Removable Fencing
a. All removable fencing (bike or concert) must be secured as on immovable object.

Each section must be secured so it cannot be broken, separated or moved by patrons. The Fire Marshal and Law Enforcement representative shall inspect the fencing prior to gates opening for the event.

6. Crowd Control:
a. All security officers must be crowd control trained.

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EXHIBIT “D”

7. Generators:
a. All liquid fuel generators shall have secondary containment and a spill kit located within 100 feet of the secondary containment.

8. Amplified Sound & Noise Level:
a. Amplified sound, live music and performances are permitted during the event. b. The Organizers shall not violate the City’s noise ordinance by disturbing the peace.

9. ABC Licensing and Permits:
a. ABC Application to be submitted to the Sheriff’s Department no later than 20 days prior to the event.
b. Applicant must comply with any and all requirements regulations indicated by the Department of Alcoholic Beverage Control. The issuance of an ABC letter is conditional and is subject to revocation for any violation of the Alcohol Beverage Control Act or other state law. Adequate security measures must be in place to secure all alcoholic beverages from patrons and to prevent accessibility tominors. i. Beer-ID checks on all persons 21 years and older wishing to purchase alcohol AND PUT A WRISTBAND ON EVERY PERSON 21 YEARS OR OLDER.
ii. Limit of one (1) alcohol beverage per person per sale. iii. Alcohol sales to cease one (1) hour prior to end of event

10. Event Staffing:
a. Applicant will provide a detailed security plan indicating security staffing levels and assignments subject to Sheriff’s approval 20 days prior to the event.

11. Law Enforcement: To Be Determined Based on Dates, Times, Location & Anticipated Attendance
a. Motor Officers -
b. Officers -
c. Sheriff Sgt. -
d. Mileage -

12. Accessibility of Law Enforcement and Emergency Responders:
a. There shall be unobstructed access ways into the event for Law Enforcement and other emergency responders. There shall be clearly marked, unobstructed exits for patrons in the case of an emergency or the need for evacuation arises.

13. The Fire Safety requirements of the Lake Elsinore Fire Protection Planning are hereby referenced as a separate attachment and incorporated herein as part of the City’s conditions of approval.

14. Traffic Control:
a. Traffic Control implementation and operation shall be according to the California Manual of Uniform Traffic Control Devices (CAMUTCD) or another City approved plan.

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EXHIBIT “D”
b. Signal timing coordination may be required at the discretion of the City Traffic Engineer.
c. Provide diagram in support of sufficient parking (i.e approx. 3,500 spaces for attendance of 10,000) – to be adjusted based on anticipated attendance.

15. Portable Toilets and Wash Stations:
a. All portable toilets and rinse stations shall be placed on level ground, be anchored and have secondary containment.
b. Provide sufficient # of portable toilets (regular and ADA accessible) for anticipated event turnout. Contact your rental source for guidance.

16. Trash and Clean-Up:
a. CR&R has an exclusive franchise for trash service in the City. They shall be used for trash containers for recycled and non-recycled trash/waste and for trash disposal.
b. Regular and recyclable trash containers shall be placed throughout the Vendor Village (aka Lot B) and parking lots (aka Lots A, C and D). c. Clean-up of Lot B, Vendor Village shall be accomplished using dry clean-up methods; in the event wet clean-up is warranted, catch basins shall be protected and at no time shall runoff be directed to the Levee/Lake area. d. Best Management Practices shall be implemented during clean-up; no discharge into the Lake or City storm drain system is allowed.
e. Organizers are responsible for same day clean-up of any tracking from the Event onto City streets (Diamond Circle, Malaga Road, Pete Lehr Drive, etc.)

17. Environmental:
a. Organizers are responsible for ensuring that pollutants from the event do not enter the lake. City Municipal Code 14.08 defines "Pollutant" as:
“Pollutant” means anything which causes the deterioration of water quality such that it impairs subsequent and/or competing uses of the water. Pollutants may include but are not limited to paints, oil and other automotive fluids, soil, rubbish, trash, garbage, debris, refuse, waste, hazardous waste, chemicals, animal waste, offensive matter of any kind.
b. If event dirt is imported from outside the back basin area, it shall be removed from the back basin area after the event.
i. A haul route is required for all import.
ii. Hauling from a site in within the City limits requires a grading permit on the export site.
iii. For import of more than 5,000 cubic yards, City Council Approval is required.
c. If event dirt is secured from within the back basin area, it may be returned to the source. All disturbed areas shall be returned to the pre-disturbance condition as closely as possible.
d. Catch basins in the field maintenance area shall be protected from event related discharge.
e. If a rain event is forecast (10% chance or better) or occurring during a scheduled event, off site catch basins at Pete Lehr and Malaga Road shall be protected.

Draft Ninth Amendment.v1.011023
EXHIBIT “D”

18. Insurance:
a. The Organizer(s) shall provide the City with a certificate(s) of insurance in the following amounts (subject to change based upon review of Special Event Permit Application):
□ General Aggregate Per Event: $5,000,000
□ Auto Liability: $1,000,000
□ Workers Comp: $1,000,000
□ Alcohol: $5,000,000
b. The Organizer’s shall use the following additionally insured statement:

City of Lake Elsinore its officers, elected and appointed officials, officers, agents, and employees are named as additional insured per attached ISO form CG20 10 11

85. 19. Promotion/Marketing Plan:
a. The Organizer(s) shall provide the City with a promotional/marketing plan demonstrating the anticipated attendance.
b. All promotional/marketing materials shall include the name “Lake Elsinore Diamond Stadium.”

20. The City assumes no responsibility for event related damage or repairs to the Stadium.

21. Summary of Fees:

City Permit Application Processing Fee: Prevailing Rate as of Application Date City Refundable Security Deposit Fee: “
City Department Inspection Fee: “
Sheriffs Law Enforcement Fees (Paid to RSO): “

22. The Special Event Permit may be revoked summarily by the City for non-compliance with any of these conditions as set forth above.

Required information/documentation due no later than twenty (20) days prior to the event to the City of Lake Elsinore Special Event Coordinator:
□ Conditions of Approval (2 copies with wet signatures and initials) □ Payment of Event Fees
□ Security Deposit (on-file)
□ Vendor List
□ Business License(s)
□ Health Department Permit
□ Insurance Documentation
□ Fire Safety Plan
□ Traffic Control Plan

Page 1 of 2 ends

REPORT TO SUCCESSOR AGENCY BOARD OF

THE REDEVELOPMENT AGENCY OF

THE CITY OF LAKE ELSINORE
To: Honorable Agency Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Barbara Leibold, Agency Counsel
Date: January 10, 2023
Subject: Recognized Obligation Payment Schedule (ROPS 23-24) for July 1, 2023 through June 30, 2024
Recommendation
Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY

OF THE CITY OF LAKE ELSINORE APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 23-24) AND ADMINISTRATIVE BUDGET FOR JULY 1, 2023 THROUGH JUNE 30, 2024.

Background
As part of the dissolution of the former Redevelopment Agency, Health and Safety Code Section 34177 (added by AB 1X 26, as amended to date) requires the Successor Agency to adopt a Recognized Obligation Payment Schedule (ROPS) that lists all obligations of the former redevelopment agency that are enforceable within the meaning of subdivision (d) of Section 34167 for each twelve month period of each fiscal year. The Successor Agency has previously adopted ROPS for prior twelve month periods. The previous ROPS have been approved by the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the State Department of Finance (DOF).

Discussion
Applicable law requires that the ROPS for July 2023 through June 2024 be submitted to DOF and the State Controller’s office, after approval by the Riverside Countywide Oversight Board, no later than February 1, 2023. The DOF has five (5) days after submittal to request a review and fortyfive (45) days to review the ROPS if it decides to do so. If the ROPS is not submitted by the deadline, the City is subject to a $10,000 fine for every day the ROPS is late and the administrative cost allowance for the Successor Agency is reduced by 25% after 10 days.

ROPS 23-24

Page 2 of 2 ends

The attached ROPS 23-24 for the period July 1, 2023 – June 30, 2024 follows the form prescribed by the DOF and incorporates all of the remaining obligations identified in the previous ROPS. As the Successor Agency winds down the former Redevelopment Agency, the primary remaining enforceable obligations are the outstanding bonds, Stadium operation and maintenance, Housing Fund Loan Repayment, and the Summerly Disposition and Development Agreement. No new line items have been added.

In compliance with DOF guidance, all administrative costs have been combined into one line item and Successor Agency staff has prepared the attached administrative budget for the fiscal period commencing on July 1, 2023 and continuing through June 30, 2024 (“FY 2023 - 2024 Administrative Budget”). The Successor Agency is entitled to an administrative cost allowance (the “Administrative Cost Allowance”) pursuant to Health and Safety Code Sections 34171(b) and 34183(a)(3) in the approximate amount of $414,315 for the 2023-24 fiscal year of which approximately $207,158 will be disbursed July 1, 2023 and approximately $207,157 will be disbursed January 2, 2024.

The attached ROPS 23-24 and FY 2023-2024 Administrative Budget will be considered by the Riverside Countywide Oversight Board on January 19, 2023 and subsequently submitted to the State Department of Finance.

Attachments
Attachment 1 - Resolution
Attachment 2 - Recognized Obligation Payment Schedule of the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore for the period of July 1, 2023 through June 30, 2024 (ROPS 23-24)
Attachment 3 - Administrative Budget FY 23-24
RESOLUTION NO. SA-2023-___

A RESOLUTION OF THE SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE

APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(ROPS 23-24) AND ADMINISTRATIVE BUDGET FOR JULY 1, 2023 THROUGH JUNE 30, 2024
WHEREAS, the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore (the “Successor Agency”) is charged with implementing enforceable obligations and winding down of the affairs of the former Redevelopment Agency of the City of Lake Elsinore (the “Agency”) in accordance with the California Health and Safety Code; and WHEREAS, Senate Bill (SB) 107, enacted in September 2016, added Health and Safety Code Section 34177(o) requiring the Successor Agency to prepare and adopt a “Recognized Obligation Payment Schedule” that lists all obligations of the former redevelopment agency that are enforceable within the meaning of subdivision (d) of Section 34171 for twelve month periods, including July 2023 through June 2024; and
WHEREAS, applicable law requires that the ROPS 23-24 for the period July 1, 2023 through June 30, 2024 be submitted to the Department of Finance and the State Controller’s office, after approval by the Riverside Countywide Oversight Board, no later than February 1, 2023 or be subject to penalties; and
WHEREAS, the Successor Agency staff has prepared an administrative budget for the fiscal period commencing on July 1, 2023 and continuing through June 30, 2024 (“FY 2023-24 Administrative Budget”), substantially in the form shown in Attachment “B”, attached hereto and incorporated herein by this reference;
WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.

NOW, THEREFORE, THE SUCCESSOR AGENCY OF THE REDEVELOPMENT

AGENCY OF THE CITY OF LAKE ELSINORE, DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

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

SECTION 2. The Successor Agency hereby approves the Schedule attached hereto as Exhibit A as the Recognized Obligation Payment Schedule 23-24 for the period July 1, 2023 through June 30, 2024. Pursuant to Health & Safety Code Section 34173, the Successor Agency’s liability, including, but not limited to, its liability for the obligations on the attached schedule, is limited to the total sum of property tax revenues it receives pursuant to Part 1.85 of AB X1 26.

SECTION 3. The Successor Agency hereby approves the Schedule attached hereto as Exhibit B as the Successor Agency Administrative Budget FY 2023-24.

SECTION 4. The Successor Agency has examined all of the items on the ROPS FY 2023-24 and finds that each of them is necessary for the continued maintenance and preservation of property owned by the Successor Agency until disposition in accordance with SUCCESSOR AGENCY RESOLUTION NO. SA 2023-___

Page 2 ends

the Dissolution Act, the continued administration of the ongoing enforceable obligations, or the expeditious wind-down of the affairs of the former Redevelopment Agency of the City of Lake Elsinore.

SECTION 5. Executive Director Simpson, or his designee, is hereby authorized to make necessary minor corrections or adjustments and to submit the ROPS to the Riverside Countywide Oversight Board and to such parties as may be required in accordance with the Health & Safety Code, and to take such other actions on behalf of the Successor Agency with respect to the ROPS as may be necessary in accordance with applicable law.

SECTION 6. If any provision of this Resolution or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Successor Agency hereby declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion thereof.

SECTION 7. This Resolution shall take effect from and after the date of its passage and adoption in accordance with, and subject to, all applicable requirements of the Health & Safety Code.

PASSED, APPROVED AND ADOPTED at a regular meeting of the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore, held this 10th day of January, 2023.

Natasha Johnson, Chair
Successor Agency of the
Redevelopment Agency of the City of
Lake Elsinore
ATTEST:

Candice Alvarez, MMC, Agency Secretary

EXHIBIT A
ROPS 23-24

EXHIBIT B
ADMINISTRATIVE BUDGET FY 23-24
Successor Agency: Lake Elsinore Successor Agency
County: Riverside
Current Period Requested Funding for Enforceable Obligations (ROPS Detail) 23-24 A Total
(July - December)
23-24 B Total
(January - June) ROPS 23-24 Total
A Enforceable Obligations Funded as Follows (B+C+D): $ 552,033 $ 4,169,386 $ 4,721,419 B Bond Proceeds - - -
C Reserve Balance 262,500 3,874,176 4,136,676
D Other Funds 289,533 295,210 584,743
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G): $ 8,011,907 $ 8,617,138 $ 16,629,045 F RPTTF 7,804,749 8,409,981 16,214,730
G Administrative RPTTF 207,158 207,157 414,315
H Current Period Enforceable Obligations (A+E): $ 8,563,940 $ 12,786,524 $ 21,350,464 Certification of Oversight Board Chairman: Name Title
Pursuant to Section 34177 (o) of the Health and Safety Code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor agency. Signature Date
Recognized Obligation Payment Schedule (ROPS 23-24) - Summary Filed for the July 1, 2023 through June 30, 2024 Period

A B C D E F G H I J K L M N O P Q R S T U V W
Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF Bond Proceeds Reserve Balance Other Funds RPTTF Admin RPTTF $ 194,514,239 $ 21,350,464 $ - $ 262,500 $ 289,533 $ 7,804,749 $ 207,158 $ 8,563,940 $ - $ 3,874,176 $ 295,210 $ 8,409,981 $ 207,157 $ 12,786,524 12 Summerly DDA OPA/DDA/Construction 3/11/2011 9/8/2038 McMillin Summerly LLC and Civic PartnersElsinore LLC
DDA pledges a portion of property
tax revenues through 2038. Total
outstanding debt or obligation is
estimated based on projections of
tax revenue growth at 2% per
annum. If property values and
corresponding revenues grow at a
higher or lower rate than 2% per
annum, the total obligation will
similarly increase or decreased.

DDA pledges a portion of tax
increment for so long as the
Agency receives tax increment
Project II and III 56,374,979 N $ 6,807,665 1,640,567 $ 1,640,567 3,281,134 1,885,964 $ 5,167,098 13 Summerly DDA Extraordinary
Infrastructure Fund
OPA/DDA/Construction 3/11/2011 9/8/2038 Mc Millin Summerly LLC DDA pledges a portion of property tax revenues through 2038. Total
outstanding debt or obligation is
estimated based on projections of
tax revenue growth at 2% per
annum. If property values and
corresponding revenues grow at a
higher or lower rate than 2% per
annum, the total obligation will
similarly increase or decreased.

DDA pledges a portion of tax
increment for so long as the
Agency receives tax increment
Project II and III 8,409,949 N $ 1,192,170 296,521 $ 296,521 593,042 302,607 $ 895,649 18 City Reimbursement LERA Bonds Issued After
12/31/10
7/1/2000 2/1/2032 City of Lake Elsinore City Reimbursement LERA - Debt Service
All 0 N $ - $ - $ -
20 Housing Fund Loan Third-Party Loans 12/1/1995 9/8/2038 Housing Fund Payments on principal and interest on loan of bond proceeds from the
housing fund. Payments made in
any given fiscal year are calculated
and disbursed based on available
property tax revenue funds after
deductions for payment of all other
debts and obligations of the
Agency.

All 20,377,079 N $ 4,089,965 2,161,971 $ 2,161,971 1,927,994 $ 1,927,994 22 Legal Services Fees 9/27/2005 6/30/2024 Leibold McClendon & Mann
Legal services for projects, bonds &
DDA/Stadium Agreement
compliance.

All 40,000 N $ 40,000 20,000 $ 20,000 20,000 $ 20,000
23 Consultant Fees Fees 10/23/2007 9/8/2038 HdL Coren & Cone Tax Projections for bond & DDA compliance
All 21,890 N $ 21,890 10,945 $ 10,945 10,945 $ 10,945
28 Estimated Admin Cost Admin Costs 2/1/2012 9/8/2038 City of Lake Elsinore City Staff Support/other admin reimbursement
All 414,315 N $ 414,315 207,158 $ 207,158 207,157 $ 207,157 29 Stadium License Agreement Miscellaneous 3/15/2001 12/31/2026 Lake Elsinore Storm, LP License to use stadium for baseball games
Project III 2,718,875 N $ 584,743 289,533 $ 289,533 295,210 $ 295,210 30 Stadium Maintenance Agreement Property Maintenance 3/15/2001 12/31/2026 Lake Elsinore Storm, LP Agreement to maintain baseball field and facilities
Project III 0 N $ - $ - $ -
31 Stadium Concession Agreement Miscellaneous 1/30/2002 12/31/2026 Golden State Concessions and
Catering
Provision of concessions for
baseball games
Project III 0 N $ - $ - $ -
32 Stadium Operation and Maintenance Property Maintenance 1/1/2013 9/8/2038 Various Operation and maintenance of the baseball stadium
Project III 35,000,000 N $ - $ - $ -
33 Interim Stadium Management Agmt. Miscellaneous 1/1/2013 6/30/2018 Lake Elsinore Storm, LP Stadium Maintenance and Management
Project III 2,295,870 N $ 2,295,870 1,185,164 $ 1,185,164 1,110,706 $ 1,110,706 35 Administrative Reimbursement RPTTF Shortfall 2/1/2012 9/8/2038 City of Lake Elsinore Repayment for City Staff Support/other
All 0 N $ - $ - $ -
39 Bond Disclosure Services Fees 1/28/2015 2/15/2038 Urban Futures Bond disclosure compliance All 196,300 N $ 18,050 $ - 18,050 $ 18,050 40 Property Maintenance Property Maintenance 9/13/2009 6/30/2014 Various Maintenance cost on Agency property
Project III 0 N $ - $ - $ -
41 Subordinated Tax Allocation
Refunding Bonds, Series 2015
Bonds Issued After
12/31/10
8/25/2015 9/1/2038 Wilmington Trust Bond issue to refund Tax Allocation Revenue Bonds, 2011 Series A and
Local Agency Revenue Bonds,
2011 Series A
All 4,374,222 N $ 461,256 112,500 172,878 $ 285,378 175,878 $ 175,878 42 Fiscal Agent Fees Fees 8/1/2015 9/1/2038 Wilmington Trust Annual fiscal agent fees for bonds issues
All 136,100 N $ 13,900 6,500 $ 6,500 7,400 $ 7,400
44 Reconveyance Cost Property Dispositions 5/1/2015 6/30/2024 Various Appraisals, Title Insurance, Escrow and Closing Cost
All 12,000 N $ 12,000 6,000 $ 6,000 6,000 $ 6,000
45 Arbitrage Fees Fees 1/28/2015 2/15/2038 Various Arbitrage fees for bonds All 54,500 N $ 4,500 $ - 4,500 $ 4,500 46 Third Lien Tax Allocation Bonds,
Series 2018A
Bonds Issued After
12/31/10
3/5/2018 3/1/2038 Wilmington Trust Bonds issue to refund Development Obligation
Projects II and III 2,527,113 N $ 160,026 80,013 $ 80,013 80,013 $ 80,013 47 Third Lien Tax Allocation Bonds,
Series 2018B (Federally Taxable)
Bonds Issued After
12/31/10
3/5/2018 3/1/2038 Wilmington Trust Bonds issue to refund Development Obligation
Projects II and III 8,386,006 N $ 591,932 295,966 $ 295,966.00 295,966 $ 295,966.00 48 Subordinated Tax Allocation
Refunding Bonds, Series 2019A
Bonds Issued After
12/31/10
3/5/2018 3/1/2038 Wilmington Trust Bonds issue to refund Development Obligation
Projects II and III 12,501,500 N $ 876,750 150,000 363,375 $ 513,375.00 363,375 $ 363,375.00 49 Interim Stadium Management Agmt. RPTTF Shortfall 1/1/2013 6/30/2038 Lake Elsinore Storm, LP Stadium Maintenance and Management
Project III 0 N $ - $ - $ -
50 Tax Allocation Refunding Bonds,
Series 2019B (Housing-Set-Aside)
Bonds Issued After
12/31/10
10/4/2019 10/4/2019 Wilmington Trust Bond issue to refund Tax Allocation Revenue Bonds, 2010 Series B
All 2,855,594 N $ 722,126 360,696 $ 360,696.00 361,430 $ 361,430.00 52 Tax Allocation Refunding Bonds,
Series 2020A
Bonds Issued After
12/31/10
4/1/2020 4/1/2020 Wilmington Trust Bond issue to refund the Tax Allocation Revenue Bonds, 2010
Series C
Project I and Project
II
15,840,100 N $ 1,150,000 257,500 $ 257,500.00 892,500 $ 892,500.00 54 Third Lien Tax Allocation Bonds,
Series 2020B
Bonds Issued After
12/31/10
12/23/2020 12/23/2020 Wilmington Trust Bonds issue to refund Development Obligation
Projects II and III 6,701,250 N $ 304,800 152,400 $ 152,400.00 152,400 $ 152,400.00 55 Third Lien Tax Allocation Bonds,
Series 2020C (Federally Taxable)
Bonds Issued After
12/31/10
12/23/2020 12/23/2020 Wilmington Trust Bonds issue to refund Development Obligation
Projects II and III 3,985,247 N $ 458,306 229,153 $ 229,153.00 229,153 $ 229,153.00 56 City Reimbursement LERA Bonds Issued After
12/31/10
12/29/2021 2/1/2032 City of Lake Elsinore City Reimbursement LERA - Debt Service
All 11,291,350 N $ 1,130,200 565,100 $ 565,100.00 565,100 $ 565,100.00 Fund Sources 23-24 A
Total
23-24 B (January - June)
Fund Sources
Lake Elsinore Recognized Obligation Payment Schedule (ROPS 23-24) - ROPS Detail July 1, 2023 through June 30, 2024
(Report Amounts in Whole Dollars)
Item # Project Name/Debt Obligation Obligation Type Contract/Agreement Execution Date
Contract/Agreement
Termination Date Payee Description/Project Scope Project Area Total
Outstanding
Debt or
Obligation
23-24 B
Total Retired ROPS 23-24Total
23-24 A (July - December)

A B C D E F G H
Reserve Balance Other Funds RPTTF
Bonds issued on or
before 12/31/10
Bonds issued on or
after 01/01/11
Prior ROPS RPTTF
and Reserve
Balances retained for
future period(s)
Rent,
Grants,
Interest, etc.

Non-Admin
and
Admin
1 Beginning Available Cash Balance (Actual 07/01/20)
RPTTF amount should exclude "A" period distribution amount 2,640,405 - 1,867,941
Amounts shown in Col. G1 includes Prior Period
Adjustments for ROPS 17-18 ($118,173), ROPS 18-
19 ($1,556,619) and ROPS 19-20 ($193,149).
2 Revenue/Income (Actual 06/30/21)
RPTTF amount should tie to the ROPS 20-21 total distribution from the County Auditor-Controller 548,923 14,225,666
Amount shown in Col. G2 includes the RPTTF
received for ROPS 20-21A and ROPS 20-21B
3 Expenditures for ROPS 20-21 Enforceable Obligations
(Actual 06/30/21)
2,640,405 548,923 13,736,363
Amounts shown on Col. G3 reflects expenditures
paid during ROPS 20-21 and does not reflect
amounts reserved for future periods as shown on
Col. G4
4 Retention of Available Cash Balance (Actual 06/30/21) RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
537,500 Col. G4 - Please see ROPS 20-21 PPA
5 ROPS 20-21 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 20-21 PPA
form submitted to the CAC
69,976 Amount ties to ROPS 20-21 PPA Form
6 Ending Actual Available Cash Balance (06/30/21)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$ 0 $ 0 $ 0 $ 0 $ 1,749,768
Amounts shown in Col. G6 includes Prior Period
Adjustments forROPS 18-19 ($1,556,619) and
ROPS 19-20 ($193,149).

Lake Elsinore Recognized Obligation Payment Schedule (ROPS 23-24) - Report of Cash Balances July 1, 2020 through June 30, 2021
(Report Amounts in Whole Dollars)
ROPS 20-21 Cash Balances
(07/01/20 - 06/30/21)
Fund Sources
Comments
Bond Proceeds
Item # Notes/Comments
12 13
18 20
22 23
28 29 Stadium License Fee is due to Successor Agency pursuant to Stadium License Agreement. The License Fee for the twelve month period covered by ROPS 23-24 is credited under the terms of the Interim Stadium Management Agreement 30 The obligations for Item 30 for the twelve month period covered by ROPS 23-24 are incorporated into Line 33 in accordance with the terms of the Interim Stadium Management Agreement.
31 The obligations for Item 31 for the twelve month period covered by ROPS 23-24 are incorporated into Line 33 in accordance with the terms of the Interim Stadium Management Agreement.
32 The obligations for Item 32 for the twelve month period covered by ROPS 23-24 are incorporated into Line 33 in accordance with the terms of the Interim Stadium Management Agreement.
33 Line 33 includes the Successor Agency obligations for Maintenance Fee, Interim Management Fee and estimated Capital Repairs under the Eighth Amendment and the First Amendment thereto and the Ninth Amendment to the Interim Stadium Management Agreement for the period July 1, 2023 through June 30, 2024. 35 39
40 41
42 44
45 46
47 48
49 50
52 54
55 56
Lake Elsinore Recognized Obligation Payment Schedule (ROPS 23-24) - Notes July 1, 2023 through June 30, 2024

DESCRIPTION AMOUNT
City Staff Support Costs $ 286,815.00
Operating Costs:

Professional/ Outside Services 75,000.00
Auditors 37,500.00
Other 15,000.00
Total Operating Costs $ 127,500.00
Total Administrative Budget $ 414,315.00

SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE ADMINISTRATIVE BUDGET - FY 2023-24

Lake Elsinore City CouncilJanuary 10, 2023

Lake Elsinore City Council
January 10, 2023