Agenda — Lake Elsinore City Council, February 14, 2023 (part 3 of 3)

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lssue Al-3: Membrane deterioration
Facility Senior Center
Severity:

Major
Description:

A channel (usually sheet netal) installed along the
downslope perineter of a roof to convey runoff water
from the roof to the drain leaders or downspouts.

Why is this an issue?
lmproperly installed or rnaintained or defective gutters can let water infiltrate the roof system and cause
dannge to the exterior of the building.

Action:

Requires Repair
Figure 2Figure 1
by yqT=Hg
04t0712022
Prepared by Jose Tones using Tnrc Roof Rater Page 9il'l Section A: Bu
Facility: Senior Center
Severity:

Major
Action:

Requires Repair
Description:

Achannel (usually sheet netal) installed along the
downslope perineter of a roof to convey runoff water
from the roof to the drain leaders or downspouts.

Why is this an issue?
lmproperly installed or npintained or defective gutters can let water infiltrate the roof system and cause
dannge to the exterior of the building.

Figure 1 Figure 2
04t07t2022
Prepared by Jose Tones using True Roof Rate, by, *rq?=Fp

Page 10111 ends

Section A:

Facility: Senior Center
Severity:

Major
Action:

Requires Repair
Description:

Caulking/sealants are used to flll srnall areas against water.

Why is this an issue?
Caulldsealant is considered a nnintenance item. When
sealant deteriorates, it will allow water to enter the
building or other structural components.
0410712022
Figure 1 Figure 2
Prepared byJose Tones using True Roof Ratet Or, rf*F,,g Page 11111 Section A:
!ssue 4l-6: Caulking/sealants deterioration

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: February 14, 2023
Subject: Change Order No. 1 to Public Works Construction Agreement with Regan Paving for the Asphalt Paving of Library Street Parking Lot Recommendation
Approve and authorize the City Manager to execute Change Order No. 1 not exceeding $21,091.00 with Regan Paving for the asphalt paving of Library Street Parking Lot, Project No.

Z10071, in final form, as approved by the City Attorney.

Background
This project aims to construct additional parking close to Main Street with easy access to City Hall and Main Street. The City retained a Civil Engineer to design the Library Street Parking Lot with lighting, landscaping, and irrigation amenities and nearly 100 full-size car parking spaces. In addition, a bio-retention facility has been designed and constructed to remove contaminants and sedimentation from stormwater runoff. On September 27, 2022, a public works construction contract was awarded to Regan Paving for the project's complete Paving, signage, and striping portion.

Discussion
During the construction process of this project, it was determined additional work was needed to deliver ADA accessibility from the handicapped parking spaces into City Park. This additional scope of work was completed in conjunction with the resurfacing of Library Street. With the ADA accessibility across Library Street and into City Park, future ADA thoroughfare at City Park is considerably more passable.

Fiscal Impact
Funding is available in the Fiscal Year 2022/2023 annual operating budget.

Regal Paving Change Order No. 1

Page 2 of 2 ends

Attachments
Attachment 1 - Change Order No. 1 date January 24, 2023

CITY OF LAKE ELSINORE
130 S. MAIN STREET
LAKE ELSINORE, CA 92530
(951) 674-3124
PROJECT CHANGE ORDER CHANGE ORDER # 1
DATE: January 24, 2023
THIS CHANGE ORDER IS APPLICABLE TO:

CITY PROJECT # #Z10071 CONTRACT AWARDED TO:

PROJECT TITLE: Library Street Parking Lot Regan Paving
DATE AWARDED: September 27, 2022
Authorized by: Jason Simpson TOTAL AMOUNT OF CONTRACT
City Manager PRIOR TO THIS CHANGE ORDER
$255,993.00 (inclusive of contingency)
CONTRACTOR IS AUTHORIZED TO MAKE THE FOLLOWING CHANGES:

QUANTITIES INCREASED

ITEM QUANTITY UNIT UNIT PRICE EXTENSION
ADA Accessibility to City Park From Library Lump Sum 1.00 $21,091.00 $21,091.00 Street Parking Lot

QUANTITIES DECREASED

ITEM QUANTITY UNIT PRICE EXTENSION
None
TOTAL $21,091.00

THE AMOUNT OF THE CONTRACT WILL BE (INCREASED) BY THE
SUM OF $21,091.00
Change Order No. 1
Review by: Initials Date Approved by: Date
Assistant City Manager
Contractor
City Manager:

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 24, 2023
Subject: Minutes of the Regular City Council Meeting of January 10, 2022 Recommendation
Approve the Minutes.

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

January 24, 2023
Closed Session: NONE
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
CALL TO ORDER - 7:00 P.M.

The Regular Meetings of the City Council and the Successor Agency will be called to order.

The Regular Meeting of the City Council was called to order at 7:00 p.m.

PLEDGE OF ALLEGIANCE
Council Member Tisdale led the Pledge of Allegiance.

INVOCATION/MOMENT OF SILENCE

ROLL CALL
Present- Council/Agency Members Tisdale, Sheridan, and Magee; Mayor Pro Tem/Vice Chair Manos; and Mayor/Chair Johnson

PRESENTATIONS/CEREMONIALS
1) Riverside County Sheriff's Office 2022 Third Quarter Statistical Update Lieutenant Clark presented the update.
2) National Jill Robinson Award
Present the National Jill Robinson Award on behalf of the Code Enforcement Officer Safety Foundation to Fred Lopez and the City of Lake Elsinore Code Enforcement Team.

Justin Edson, representing the Code Enforcement Officer Safety Foundation, presented the National Jill Robinson Award to Fred Lopez and the City’s Code Enforcement team.

City Council Minutes - Draft January 24, 2023

City of Lake Elsinore Page 2 :

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
Ray Lopez was called to speak.

Douglas Norfolk was called to speak.

Kim Cousins was called to speak.

Derek Kinnison was called to speak.

Paulie Tehrani was called to speak.

Kimberly Ryan was called to speak.

Karen Holder was called to speak.

Melanie Shatzer was called to speak.

CITY COUNCIL CONSENT CALENDAR
Motion by Mayor Pro Tem Manos, second by Council Member Sheridan to approve the City Council Consent Calendar with Item No. 11 being removed from the agenda. The motion carried by the following vote:

Aye: 5 - Council Members Tisdale, Sheridan, and Magee; Mayor Pro Tem Manos; and Mayor Johnson
3) Minutes of the Regular City Council Meeting of January 10, 2022 Approve the Minutes.

This item was approved on the City Council Consent Calendar. 4) CC Warrant Report Dated Dec 16, 2022 to Dec 21, 2022 Receive and File.

This item was approved on the City Council Consent Calendar. 5) CC Warrant Report Dated Dec 22, 2022 to Dec 29, 2022 Receive and File.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft January 24, 2023

City of Lake Elsinore Page 3 :
6) Fiscal Year 2022-2023 Mid-year Operating Budget Status Report

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING THE FY2022-2023 ANNUAL OPERATING BUDGET FOR MID-YEAR ADJUSTMENTS; and

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING THE FY2022-2023 SCHEDULE OF AUTHORIZED POSITIONS FOR MID-YEAR ADJUSTMENTS.

This item was approved on the City Council Consent Calendar. 7) Annual On-call and Construction Contractor Services Agreements in Support of City of Lake Elsinore Minor Construction, Maintenance and Operations.

Approve on-call minor construction contractor services agreements with AAA Restoration, Inc. in an amount not to exceed $100,000, Amber Airconditioning in an amount not to exceed $350,000, B&B Nurseries, Inc. (dba Landscape Center) in an amount not to exceed $250,000, Cotter Construction, Inc. in an amount not to exceed $250,000, Endresen Development, Inc. in an amount not to exceed $350,000, Hemet Fence, Inc. in an amount not to exceed $241,000, Pursuit Electric in an amount not to exceed $250,000, Unique Builders of California, Inc. in an amount not to exceed $350,000, and United Carports, LLC in an amount not to exceed $250,000 in the form attached and in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 8) Amendment No. 1 to the On-call Services Agreement with Wood Environment & Infrastructure Solutions, Inc. for Lake Water Testing
Approve and authorize the City Manager to execute Amendment No. 1 to the On-Call Services Agreement with Wood Environment & Infrastructure Solutions, Inc. USA (now Operating as WSP Environment & Infrastructure Solutions, Inc.) in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 9) Final Map No. 36557 (Terracina)

1. Approve Final Map No. 36557 subject to the City Engineer’s acceptance as being true and correct;

2. Authorize the City Clerk to sign the map and arrange for the recordation of Final Map No. 36557; and

3. Authorize the City Manager to execute the construction and monumentation agreement.

This item was removed from the City Council Consent Calendar for discussion.

City Council Minutes - Draft January 24, 2023

City of Lake Elsinore Page 4 :
10) Agreement With Cotter Construction for Serenity Park Fitness Trail Approve and authorize the City Manager to Execute a Public Works Construction Agreement with Cotter Construction for Serenity Park Fitness Trail for $160,000.00 and change orders not to exceed a 10% contingency amount of $16,000.00 for unanticipated costs in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 11) Agreement with AAA Restoration, Inc. for Swick & Matich Park Remodel (CIP Project #Z40023)

1. Approve and authorize the City Manager to execute an agreement not to exceed the amount of $192,023.40 for Swick & Matich Park Remodel with AAA Restoration Inc. 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 $19,202.34 for uncertainties and adjustments.

This item was removed from the agenda.

ITEMS REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR DISCUSSION 9)Final Map No. 36557 (Terracina)

1. Approve Final Map No. 36557 subject to the City Engineer’s acceptance as being true and correct;

2. Authorize the City Clerk to sign the map and arrange for the recordation of Final Map No. 36557; and

3. Authorize the City Manager to execute the construction and monumentation agreement.

Paulie Tehrani was called to speak.

City Engineer Habib presented a staff report.

Motion by Mayor Pro Tem Manos, second by Council Member Tisdale to approve staff’s recommendations. The motion carried by the following vote:

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

SUCCESSOR AGENCY CONSENT CALENDAR
Motion by Agency Member Tisdale, second by Agency Member Sheridan to approve the Successor Agency Consent Calendar noting Agency Member Sheridan’s abstention from voting on Item No. 15. The motion carried by the following vote:

Aye: 5 - Agency Members Tisdale, Sheridan, and Magee; Vice Chair Manos; and Chair Johnson
City Council Minutes - Draft January 24, 2023

City of Lake Elsinore Page 5 :
12) Minutes of the Regular Successor Agency Meeting of January 10, 2022 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar. 13) SA Warrant Report Dated Dec 16, 2022 to Dec 21, 2022 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 14) SA Warrant Report Dated Dec 22, 2022 to Dec 29, 2022 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 15) Annual On-call and Construction Contractor Services Agreements in Support of the Successor Agency of the Redevelopment Agency of the Agency of Lake Elsinore Minor Construction, Maintenance, and Operations
Approve on-call minor construction contractor services agreements with Amber Airconditioning in an amount not to exceed $100,000, California State Fire Protection in an amount not to exceed $40,000, Cotter Construction, Inc. in an amount not to exceed $50,000, Endresen Development, Inc. in an amount not to exceed $275,000, Pursuit Electric in an amount not to exceed $75,000, and Unique Builders of California, Inc. in an amount not to exceed $275,000 in the form attached and in such final form as approved by the Agency Attorney.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARING
16) First Amendment to Development Agreement No. 2022-02 (Ramsgate) to Include Tentative Tract Map No. 33725, a 52.7-acre Subdivision With 204 Lots, to the Development Agreement for the Ramsgate Specific Plan
Introduce by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING A FIRST

AMENDMENT TO THE RAMSGATE DEVELOPMENT AGREEMENT FOR THE PURPOSE OF INCLUDING TENTATIVE TRACT MAP NO. 33725 (DEVELOPMENT AGREEMENT NO. 2022-02).

City Council Minutes - Draft January 24, 2023

City of Lake Elsinore Page 6 :

The Public Hearing was opened at 7:31 p.m.

Jon Shardlow was called to speak.

Interim Assistant Community Development Director Abraham presented the staff report.

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

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

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

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES
Israel Carlos Ceballos was called to speak.

CITY MANAGER'S COMMENTS
City Manager Simpson recognized the outpouring of support and staff’s assistance collaborating on the vigil for Deputy Calhoun.

CITY ATTORNEY COMMENTS
City Attorney Leibold had no comments.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Tisdale announced Earned Income Tax Credit Awareness Day on Friday, January 27, 2023 from 9:00 a.m. to 3:00 p.m. at Community Action Partnership in Riverside; and reported on his attendance at the Northwest Mosquito & Vector Control District Board meeting on January 19, 2023.

Mayor Pro Tem Manos addressed comments made during public comments; reported on his attendance at the Riverside County Airport Land Use Commission meeting on January 12, 2023, Elsinore Valley Municipal Water District meeting on January 12, 2023, and Southern California Association of Governments meeting on January 18, 2023; and provided an overview of the Collier Avenue/Minthorn Street Resurfacing Improvements Project.

Council Member Sheridan expressed his sympathy to Deputy Calhoun’s family and the Riverside County Sheriff’s Department; and announced a Speaker Series event hosted by the Lake Elsinore Historical Society which will be held on February 23, 2023 at 7:00 p.m. in the Cultural Center.

Council Member Magee shared his participation in the groundbreaking ceremony for the 71/91 Interchange Project on January 19, 2023; encouraged anglers to purchase or renew their Lake Pass; and shared that Supervisor Spiegel supported the approval of funding for the Alberhill Ranch Boys & Girls Clubhouse Improvements Project.

Mayor Johnson provided an update on the Lake and algae levels; invited the community to attend the Mornings on Main Farmers Market every Sunday from 10:00 a.m. to 2:00 p.m. returning February 12, 2023 in Downtown; and expressed condolences to Deputy Darnell Calhoun’s family and shared a video representing the vigil that was held in his honor on Tuesday, January 17, 2023.

City Council Minutes - Draft January 24, 2023

City of Lake Elsinore Page 7 :

ADJOURNMENT
The Lake Elsinore City Council adjourned at 8:08 p.m. to the next Regular meeting of Tuesday, February 14, 2023 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

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: February 14, 2023
Subject: SA Warrant Report Dated Dec 30, 2022 to Jan 05, 2023

Recommendation
Receive and File.

Discussion
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 30, 2022 TO JAN 05, 2023 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 984,706.44$
103 THE ANCHOR 72,984.70
110 GAS TAX 5,887.06
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 41,793.43 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 4,284.61 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 172.50 180 LAUNCH POINTE 108,003.81
300 INSURANCE SERVICE (8,665.59)
305 INFORMATION SYSTEMS SERVICE 27,593.37
310 SUPPORT SERVICE 792.61
315 FLEET SERVICE 19,744.15
320 FACILITIES SERVICE 15,798.66
500 CAPITAL IMPROVEMENT PLAN 195,347.13
620 COST RECOVERY TRUST DEPOSITS 14,664.70
GRAND TOTAL 1,483,107.58$
Attachment 1 1 of 1
DEC 30, 2022 to JAN 05, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002125 ALBERT WEBB & ASSOCIATES 5,148.25$
APA23002126 AMAZON BUSINESS 564.49
APA23002127 APPLE ONE 10,400.00
APA23002128 AZTECA CLEANING SERVICES LLC 8,742.08
APA23002129 BANK OF AMERICA (0061) 97.86
APA23002130 BANK OF AMERICA (6876) 5,030.58
APA23002131 CALIFORNIA DEPARTMENT OF TRANSPORTATION 7,094.86 APA23002132 CALIFORNIA STATE FIRE PROTECTION 135.00
APA23002133 CED LAGUNA 223.27
APA23002134 CENTURY LINK 49.71
APA23002135 CHARLES ABBOTT ASSOCIATES, INC. 595.00
APA23002136 CHARTER COMMUNICATIONS 999.00
APA23002137 CHARTER COMMUNICATIONS 28.34
APA23002138 CINTAS CORPORATION NO. 2 418.95
APA23002139 CM WASH EQUIPMENT 1,318.92
APA23002140 COTTER CONSTRUCTION, INC. 5,000.00
APA23002141 COUNTY OF RIVERSIDE DEPT. OF ENVIRONMENTAL HEALTH 422.00 APA23002142 DAVID EVANS AND ASSOCIATES, INC. 6,178.74
APA23002143 DOWNS ENERGY 4,101.02
APA23002144 ENDRESEN DEVELOPMENT, INC. 53,360.94
APA23002145 ENVIROMINE, INC. 11,491.25
APA23002146 EPD SOLUTIONS, INC. 3,754.20
APA23002147 EVMWD 17,111.89
APA23002148 FCG CONSULTANTS, INC. 48,917.17
APA23002149 FRONTIER CALIFORNIA, INC. 116.71
APA23002150 FRONTIER CALIFORNIA, INC. 112.92
APA23002151 GOTO TECHNOLOGIES USA, INC. 2,951.47
APA23002152 HANCOCK, LORENA 3,795.00
APA23002153 HOWARD INDUSTRIES, INC. 316.77
APA23002154 HUNSAKER & ASSOCIATES IRVINE, INC. 7,788.43 APA23002155 JON'S FLAGS & POLES INC. 874.93
APA23002156 KJ SERVICES ENVIRONMENTAL CONSULTING 1,105.00 APA23002157 LAKE ELSINORE TIRE & AUTO, INC. 940.84
APA23002158 LIEBERT CASSIDY WHITMORE 680.00
APA23002159 LIUNA LOCAL 777 732.00
APA23002160 LOR GEOTECHNICAL GROUP 2,917.20
APA23002161 MILLENNIUM ALARM SYSTEMS, INC. 285.00
APA23002162 MISSION SQUARE RETIREMENT 6,981.18
APA23002163 MISSION SQUARE RETIREMENT 374.83
APA23002164 MURRIETA LOCK & SAFE, INC. 690.38
APA23002165 NTH GENERATION COMPUTING, INC. 1,968.00
APA23002166 O'REILLY AUTO STORES INC/FIRST CALL 291.64
APA23002167 PRUDENTIAL OVERALL SUPPLY 417.66
APA23002168 QUADIENT LEASING USA, INC. 792.61
Attachment 2 1 OF 3
DEC 30, 2022 to JAN 05, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002169 READYREFRESH 415.08
APA23002170 REGIONAL CONSERVATION AUTHORITY 319,707.00
APA23002171 REGIONAL FIRST AID, INC. 357.75
APA23002172 RENTERIA, YARABITH BUENFIL 806.25
APA23002173 RIGHTWAY SITE SERVICES, INC. 428.34
APA23002174 ROBBINS PEST MANAGEMENT, INC. 260.00
APA23002175 SECURITAS SECURITY SERVICES USA, INC. 3,130.80 APA23002176 SHRED-IT USA, LLC 85.60
APA23002177 SMART & FINAL 388.05
APA23002178 SOCIAL WORK ACTION GROUP 35,585.31
APA23002179 SOCIAL WORK ACTION GROUP 33,817.55
APA23002180 SOUTHERN CALIFORNIA EDISON CO. 28,543.51
APA23002181 STAUFFER LAWN EQUIPMENT 806.15
APA23002182 STK ARCHITECTURE, INC. 25,539.02
APA23002183 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 12,597.11 APA23002184 SUPERTOTS & SKYHAWKS SPORTS ACADEMIES 351.00 APA23002185 TC SPORTS MANAGEMENT, LLC 15,100.00
APA23002186 TC SPORTS MANAGEMENT, LLC 18,500.00
APA23002187 TEAM AUTOAID, INC. 407.35
APA23002188 TOP SERVICE PLUMBING, INC. 2,970.00
APA23002189 TRENCH SHORING COMPANY 94.80
APA23002190 ULINE, INC. 3,722.91
APA23002191 VALLEY-WIDE ELITE GYMNASTICS 993.71
APA23002192 VASQUEZ, OSCAR 170.00
APA23002193 VULCAN MATERIALS COMPANY 251.20
APA23002194 WAXIE SANITARY SUPPLY 76.32
APA23002195 WEST COAST ARBORISTS, INC. 35,471.00
APA23002196 WESTERN RIVERSIDE COUNCIL OF GOVT'S 20,394.76 APA23002197 WKE, INC. 6,099.83
APA23002198 WKE, INC. 27,984.83
APA23002199 WSP USA ENVIRONMENT & INFRASTRUCTURE SOLUTIONS, INC. 45,103.78 DFT230205 FRONTIER CALIFORNIA - INTERNET 460.98
DFT230223 DISH 137.19
DFT230228 TASC 3,891.77
DFT230229 FRANCHISE TAX BOARD 18,341.28
DFT230230 INTERNAL REVENUE SERVICE 198.50
DFT230231 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230232 STATE DISBURSEMENT UNIT 438.46
DFT230233 PAYCHEX OF NEW YORK, LLC 1,148.78
DFT230234 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 814.28 DFT230235 NATIONWIDE TRUST COMPANY, FSB 1,088.82
DFT230238 INTERNAL REVENUE SERVICE 99,736.11
DFT230240 GUARDIAN 17,484.14
DFT230241 CALPERS 176,471.72
Attachment 2 2 OF 3
DEC 30, 2022 to JAN 05, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
PR01052023 NET PAYROLL 281,760.01
5411 AMERICAN EXPRESS 14,009.44
143217 COASTAL CARPET CLEANING 1,501.00
GRAND TOTAL 1,483,107.58$
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 Chairman and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: February 14, 2023
Subject: SA Warrant Report Dated Jan 06, 2023 to Jan 12, 2023

Recommendation
Receive and File.

Discussion
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
JAN 06, 2023 TO JAN 12, 2023 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 191,745.76$
103 THE ANCHOR 5,811.92
110 GAS TAX 38,124.49
114 SB1186 CASp EDUCATION PROGRAM 260.00
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 60,035.00 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 7,538.07 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 14,280.00 180 LAUNCH POINTE 27,855.93
300 INSURANCE SERVICE 303.36
305 INFORMATION SYSTEMS SERVICE 39,336.26
310 SUPPORT SERVICE 3,576.73
315 FLEET SERVICE 6,083.51
320 FACILITIES SERVICE 10,532.36
330 CFD 2015-2S MAINTENANCE SERVICES 277.84
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 2,000.00
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 2,000.00
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 2,000.00
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 2,000.00
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 3,000.00
500 CAPITAL IMPROVEMENT PLAN 585,337.12
510 SARDA AREA I, II, & III 2,500.00
540 SARDA DIAMOND STADIUM 185,501.86
620 COST RECOVERY TRUST DEPOSITS 11,178.09
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 1,340.52 GRAND TOTAL 1,202,618.82$
Attachment 1 1 of 1
JAN 06, 2023 to JAN 12, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002200 AAA RESTORATION, INC. 13,842.90$
APA23002201 ABOVE ALL NAMES CONSTRUCTION, INC. 76,767.00 APA23002202 ACTION GAS & WELDING SUPPLY 75.28
APA23002203 ALVAREZ ENTERPRISE SERVICES 21,395.72
APA23002204 AMAZON BUSINESS 323.83
APA23002205 AMERICAN MATERIAL COMPANY 63.66
APA23002206 ANEEN CONSTRUCTION, INC. 243,270.30
APA23002207 AUTOMATED GATE SERVICES, INC 1,004.00
APA23002208 AZTECA CLEANING SERVICES LLC 11,939.58
APA23002209 BRINKS INCORPORATED 7.58
APA23002210 BRINKS INCORPORATED 634.04
APA23002211 CA BUILDING STANDARDS COMMISSION 2,161.00
APA23002212 CA PARK & RECREATION SOCIETY, INC. 150.00
APA23002213 CALIFORNIA, DIVISION OF THE STATE ARCHITECT 260.00 APA23002214 CED LAGUNA 2,182.36
APA23002215 CIVIC PLUS, INC. 11,915.11
APA23002216 COMMERCIAL DOOR COMPANY, INC. 4,451.00
APA23002217 CORODATA RECORDS MANAGEMENT, INC. 134.37
APA23002218 CORONA CLAY COMPANY 97.88
APA23002219 DAVID EVANS AND ASSOCIATES, INC. 17,741.98
APA23002220 DEPARTMENT OF CONSERVATION 7,318.61
APA23002221 DIAZ, FRANCISCO 476.98
APA23002222 DOWNS ENERGY 144.63
APA23002223 ENDRESEN DEVELOPMENT, INC. 29,321.11
APA23002224 EVENTSTABLE 6,910.29
APA23002225 EWING 4,019.49
APA23002226 EXCEL LANDSCAPE, INC. 19,107.50
APA23002227 FERGUSON 297.92
APA23002228 FIX AUTO LAKE ELSINORE 4,586.59
APA23002229 FRONTIER CALIFORNIA - INTERNET 818.02
APA23002230 FRONTIER CALIFORNIA, INC. 57.28
APA23002231 ILAND INTERNET SOLUTION CORPORATION 1,297.06 APA23002232 IMPACT PROMOTIONAL PRODUCTS 2,137.86
APA23002233 INLAND EMPIRE SURVEY & ENGINEERING INC. 1,697.32 APA23002234 INNOVATIVE DOCUMENT SOLUTIONS 1,576.73
APA23002235 JOHNSON, NATASHA 40.88
APA23002236 KERR, CHRISTIAN 85.00
APA23002237 LANCE, SOLL & LUNGHARD, LLP 5,977.00
APA23002238 MICHAEL RUBINO LAW OFFICE 2,215.00
APA23002239 NPG, INC. 14,280.00
APA23002240 OFFICE OF ECONOMIC DEVELOPMENT 6,885.87
APA23002241 PRESS-ENTERPRISE, THE 894.06
APA23002242 PRIME GOVERNMENT SOLUTIONS, INC. 16,190.00
APA23002243 PROSTAFF, LLC 9,275.00
Attachment 2 1 OF 2
JAN 06, 2023 to JAN 12, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002244 PROSTAFF, LLC 21,962.50
APA23002245 PRUDENTIAL OVERALL SUPPLY 424.04
APA23002246 PURSUIT ELECTRIC, INC. 3,093.82
APA23002247 PVP COMMUNICATIONS, INC. 440.00
APA23002248 QUADIENT FINANCE USA, INC. 2,000.00
APA23002249 REGAN PAVING 72,120.00
APA23002250 RIGHTWAY SITE SERVICES, INC. 5,630.81
APA23002251 RIVERSIDE COUNTY HABITAT CONSERVATION AGENCY 90.00 APA23002252 RIVERSIDE COUNTY TRANSPORTATION & LAND MANAGEMENT 30,756.84 APA23002253 RODRIGUEZ, ARTURO 85.00
APA23002254 RP LANDSCAPE & IRRIGATION 69,424.85
APA23002255 SECURITAS SECURITY SERVICES USA, INC. 3,470.10 APA23002256 SOMMER ENGINEERING, INC. 14,104.68
APA23002257 SOUTHERN CALIFORNIA EDISON CO. 34,578.09
APA23002258 SOUTHERN CALIFORNIA GAS CO. 2,904.74
APA23002259 SPICER CONSULTING GROUP 1,830.00
APA23002260 STAUFFER LAWN EQUIPMENT 260.96
APA23002261 STK ARCHITECTURE, INC. 124,708.48
APA23002262 SUNBELT RENTALS, INC. 4,414.38
APA23002263 TARGET SPECIALTY PRODUCTS 6,339.08
APA23002264 THOMSON REUTERS - WEST PUBLISHING CORP. 475.45 APA23002265 UNITED CARPORTS, LLC 171,000.00
APA23002266 VERIZON WIRELESS (#1) 2,879.81
APA23002267 VERIZON WIRELESS (#2) 3,564.16
APA23002268 VULCAN MATERIALS COMPANY 953.29
APA23002269 WILMINGTON TRUST, NATIONAL ASSOCIATION 13,500.00 DFT230227 CHARTER COMMUNICATIONS 29.99
DFT230237 CALPERS 60,217.05
5413 AK SECURITY ALARM LLC 7,332.91
GRAND TOTAL 1,202,618.82$
Attachment 2 2 OF 2

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY BOARD OF THE REDEVELOPMENT AGENCY OF

Discussion
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
JAN 13, 2023 TO JAN 19, 2023 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 529,251.83$
103 THE ANCHOR 3,937.00
105 MISC. GENERAL PROJECTS 2,730.00
110 GAS TAX 285.09
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 16,598.96 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 1,848.63 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 2,090.45 180 LAUNCH POINTE 79,712.60
300 INSURANCE SERVICE (8,826.79)
305 INFORMATION SYSTEMS SERVICE 26,159.44
310 SUPPORT SERVICE 1,124.55
315 FLEET SERVICE 23,604.20
320 FACILITIES SERVICE 38,752.57
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
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 486.48
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
Attachment 1 1 of 2
JAN 13, 2023 TO JAN 19, 2023 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 681.08
371 CFD 2005-1 SERENITY IMPROVEMENT 681.08
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
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 576,040.11
510 SARDA AREA I, II, & III 2,000.00
540 SARDA DIAMOND STADIUM 81,624.00
608 TRUST DEPOSITS 1,500.00
620 COST RECOVERY TRUST DEPOSITS 16,870.30
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 1,431,972.81$
Attachment 1 2 of 2
JAN 13, 2023 to JAN 19, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002270 ACCURATE SECURITY PROS, INC. 5,553.50$
APA23002271 ALLEGRA MARKETING PRINT MAIL 70.69
APA23002272 AMAZON BUSINESS 1,196.36
APA23002273 AMERICAN FORENSIC NURSES, INC. 103.31
APA23002274 AMERICAN MATERIAL COMPANY 420.25
APA23002275 ANDERSON CHEVROLET 208.73
APA23002276 ANGLER CHRONICLES, LLC 8,000.00
APA23002277 ANIMO LIMITED LLC 740.00
APA23002278 AUTOMATED GATE SERVICES, INC 304.00
APA23002279 AZTECA CLEANING SERVICES LLC 1,890.00
APA23002280 BANNER BANK 11,553.70
APA23002281 BIO-TOX LABORATORIES 2,805.03
APA23002282 BLACK TIE LAUNDRY 306.04
APA23002283 BLAIS & ASSOCIATES, INC. 2,730.00
APA23002284 CALIFORNIA, DEPARTMENT OF JUSTICE 140.00
APA23002285 CALIFORNIA, DEPARTMENT OF JUSTICE 525.00
APA23002286 CDW GOVERNMENT, INC. 718.42
APA23002287 CINTAS CORPORATION NO. 2 551.74
APA23002288 CM WASH EQUIPMENT 1,119.32
APA23002289 COTTER CONSTRUCTION, INC. 35,000.00
APA23002290 DAVID EVANS AND ASSOCIATES, INC. 12,492.54
APA23002291 DEPARTMENT OF MOTOR VEHICLES 10.00
APA23002292 DIRECTV 154.99
APA23002293 DISCOUNT HAULING & CLEANUP SERVICE 3,550.00 APA23002294 DMC ENTERPRISES 39,503.48
APA23002295 DOWNS ENERGY 4,310.74
APA23002296 DUSTIN THOMPSON PHOTOGRAPHY 1,750.00
APA23002297 ENDRESEN DEVELOPMENT, INC. 74,662.74
APA23002298 ENGINEERING RESOURCES OF SO CA 1,685.00
APA23002299 ENGINEERING RESOURCES OF SO CA 6,551.38
APA23002300 EVMWD 15,675.44
APA23002301 EXCEL LANDSCAPE, INC. 700.00
APA23002302 FEDERAL EXPRESS CORPORATION 175.18
APA23002303 FERNANDEZ, SAVANNAH 180.32
APA23002304 FRONTIER CALIFORNIA - INTERNET 85.98
APA23002305 FRONTIER CALIFORNIA, INC. 57.89
APA23002306 GMS ELEVATOR SERVICES, INC. 330.00
APA23002307 GREAT AMERICA FINANCIAL SERVICES 949.37
APA23002308 GRIFFITH COMPANY 219,520.28
APA23002309 HAZZARD BACKFLOW, INC. 175.00
APA23002310 HDR ENGINEERING, INC. 36,672.47
APA23002311 HDR ENGINEERING, INC. 4,934.06
APA23002312 HDR ENGINEERING, INC. 11,835.41
APA23002313 HDR ENGINEERING, INC. 11,301.88
Attachment 2 1 OF 3
JAN 13, 2023 to JAN 19, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002314 HILLCREST CONTRACTING, INC 7,220.00
APA23002315 HOME DEPOT 500.00
APA23002316 HOME DEPOT 500.00
APA23002317 HOME DEPOT 500.00
APA23002318 HUNSAKER & ASSOCIATES IRVINE, INC. 25,742.78 APA23002319 LAKE ELSINORE TIRE & AUTO, INC. 1,977.01
APA23002320 LIUNA LOCAL 777 732.00
APA23002321 LOWE'S 6,349.96
APA23002322 MILLENNIUM ALARM SYSTEMS, INC. 711.00
APA23002323 MISSION SQUARE RETIREMENT 376.38
APA23002324 MISSION SQUARE RETIREMENT 7,018.13
APA23002325 MOTOPORT USA 2,637.15
APA23002326 MURRIETA LOCK & SAFE, INC. 779.47
APA23002327 NETFILE, INC. 5,440.00
APA23002328 O'REILLY AUTO STORES INC/FIRST CALL 203.40
APA23002329 PRESS-ENTERPRISE, THE 408.53
APA23002330 PROSTAFF, LLC 19,600.00
APA23002331 PROSTAFF, LLC 8,050.00
APA23002332 PROSTAFF, LLC 8,050.00
APA23002333 PRUDENTIAL OVERALL SUPPLY 424.04
APA23002334 PURSUIT ELECTRIC, INC. 2,390.67
APA23002335 QUINN COMPANY 148.45
APA23002336 REGAN PAVING 23,272.10
APA23002337 RIGHTWAY SITE SERVICES, INC. 3,043.51
APA23002338 ROBBINS PEST MANAGEMENT, INC. 4,625.00
APA23002339 RP LANDSCAPE & IRRIGATION 14,292.00
APA23002340 SAFETY-KLEEN SYSTEMS, INC. 239.17
APA23002341 SALES AND DISTRIBUTION SERVICES, INC. 1,109.69 APA23002342 SECURITAS SECURITY SERVICES USA, INC. 3,444.00 APA23002343 SELVAGGIO, JOSEPH 170.00
APA23002344 SERVICE FIRST 3,545.00
APA23002345 SIGNATURE SYSTEMS GROUP, LLC 65,524.00
APA23002346 SONSRAY MACHINERY, LLC 423.61
APA23002347 SOUTHERN CALIFORNIA EDISON CO. 383.14
APA23002348 SOUTHERN CALIFORNIA GAS CO. 1,912.04
APA23002349 SPICER CONSULTING GROUP 42,215.84
APA23002350 STAUFFER LAWN EQUIPMENT 1,103.48
APA23002351 STEVE'S TOWING 1,848.00
APA23002352 TEAM AUTOAID, INC. 1,614.38
APA23002353 URBAN RESTORATION GROUP US, INC. 351.77
APA23002354 VALLEY-WIDE ELITE GYMNASTICS 875.96
APA23002355 VERIZON WIRELESS (#13) 230.94
APA23002356 WAXIE SANITARY SUPPLY 1,036.88
APA23002357 WEST COAST ARBORISTS, INC. 20,672.00
Attachment 2 2 OF 3
JAN 13, 2023 to JAN 19, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002358 WILLDAN 733.25
APA23002359 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00 APA23002360 WSP USA ENVIRONMENT & INFRASTRUCTURE SOLUTIONS, INC. 3,531.00 APA23002361 YUNEX, LLC 36,856.52
APA23002362 ZYNERGY BRANDS CORPORATION 25,603.33
DFT230244 CALPERS 90,554.50
DFT230245 INTERNAL REVENUE SERVICE 106,365.13
DFT230246 FRANCHISE TAX BOARD 19,753.89
DFT230247 STATE DISBURSEMENT UNIT 438.46
DFT230248 STATE DISBURSEMENT UNIT 167.88
DFT230249 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230250 INTERNAL REVENUE SERVICE 198.50
DFT230251 PAYCHEX OF NEW YORK, LLC 2,660.20
DFT230252 LEGAL SHIELD 104.65
DFT230253 TASC 3,891.77
DFT230254 NATIONWIDE TRUST COMPANY, FSB 1,089.62
DFT230255 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 807.73 PR01192023 NET PAYROLL 296,188.79
5414 AK SECURITY ALARM LLC 27,792.58
143218 JOHNATHAN SKINNER 193.29
GRAND TOTAL 1,431,972.81$
Attachment 2 3 OF 3

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY BOARD OF THE REDEVELOPMENT AGENCY OF

Recommendation
Receive and File.

Discussion
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
JAN 20, 2023 TO JAN 26, 2023 CITY OF LAKE ELSINORE WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 2,308,832.61$
103 THE ANCHOR 3,536.94
110 GAS TAX 4,103.37
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 9,189.62 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 345.55 180 LAUNCH POINTE 43,829.14
300 INSURANCE SERVICE 298.63
305 INFORMATION SYSTEMS SERVICE 16,034.26
310 SUPPORT SERVICE 475.24
315 FLEET SERVICE 11,079.02
320 FACILITIES SERVICE 11,951.91
330 CFD 2015-2S MAINTENANCE SERVICES 5,000.00
363 CFD 2022-3 LAKESIDE IMPROVEMENT 10,000.00
500 CAPITAL IMPROVEMENT PLAN 360,890.00
510 SARDA AREA I, II, & III 80,973.25
540 SARDA DIAMOND STADIUM 3,200.00
608 TRUST DEPOSITS 6,000.00
620 COST RECOVERY TRUST DEPOSITS 5,845.87
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 82.72
655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 5,000.00
GRAND TOTAL 2,886,668.13$
Attachment 1 1 of 1
JAN 20, 2023 to JAN 26, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002363 AMERICAN MATERIAL COMPANY 66.72$
APA23002364 ANDERSON CHEVROLET 76.11
APA23002365 ARDURRA GROUP, INC. 18,708.35
APA23002366 AUTOMATED GATE SERVICES, INC 502.00
APA23002367 AZTECA CLEANING SERVICES LLC 9,992.08
APA23002368 BROTHERS TOWING 496.00
APA23002369 BUSHONG, BLAKE 1,000.00
APA23002370 CALIFORNIA STATE FIRE PROTECTION 1,953.33
APA23002371 CALIFORNIA, DEPARTMENT OF JUSTICE 128.00
APA23002372 CED LAGUNA 78.30
APA23002373 CINTAS CORPORATION NO. 2 202.98
APA23002374 CLEARGOV, INC. 12,500.00
APA23002375 CM WASH EQUIPMENT 903.99
APA23002376 COTTER CONSTRUCTION, INC. 13,000.00
APA23002377 CR&R, INC. 5,207.44
APA23002378 DELONE, MARIA JAZMINE 2,962.50
APA23002379 DISCOUNT HAULING & CLEANUP SERVICE 3,850.00 APA23002380 DMC ENTERPRISES 50,626.09
APA23002381 ENDRESEN DEVELOPMENT, INC. 20,056.24
APA23002382 EVMWD 31,835.99
APA23002383 EXCEL LANDSCAPE, INC. 1,216.77
APA23002384 FIX AUTO LAKE ELSINORE 5,226.10
APA23002385 FORENSIC NURSES OF SOCAL, INC. 800.00
APA23002386 FRONTIER CALIFORNIA - INTERNET 796.65
APA23002387 FRONTIER CALIFORNIA, INC. 59.81
APA23002388 GLADWELL GOVERNMENTAL SERVICES, INC 350.00
APA23002389 GREAT AMERICA FINANCIAL SERVICES 475.24
APA23002390 HANCOCK, LORENA 4,072.50
APA23002391 HAZZARD BACKFLOW, INC. 2,415.00
APA23002392 HDL COREN & CONE 5,036.25
APA23002393 HEMET FENCE CORP 9,300.00
APA23002394 HI-WAY SAFETY, INC. 9,593.06
APA23002395 IMPACT PROMOTIONAL PRODUCTS 218.59
APA23002396 INLAND URGENT CARE,MEDICAL CORP 520.00
APA23002397 JAMES CLARK TRUCKING INC. 5,000.00
APA23002398 JOLLY JUMPS 5,995.00
APA23002399 KPA SERVICES, LLC 2,754.00
APA23002400 LAKE AUTO & SMOG 168.31
APA23002401 LAKE ELSINORE HISTORICAL DOWNTOWN MERCHANTS ASSOCIATION 643.26 APA23002402 LAKE ELSINORE STORM, LP 75,937.00
APA23002403 NPG, INC. 171,979.00
APA23002404 O'REILLY AUTO STORES INC/FIRST CALL 278.41
APA23002405 PACIFIC PRODUCTS & SERVICES, INC. 211.77
APA23002406 PLUMBERS DEPOT, INC. 2,284.84
Attachment 2 1 OF 2
JAN 20, 2023 to JAN 26, 2023 CITY OF LAKE ELSINORE WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23002407 PRATS, MABEL A. 2,550.00
APA23002408 PRECISION CONCRETE CUTTING 24,140.50
APA23002409 PROSTAFF, LLC 18,900.00
APA23002410 PRUDENTIAL OVERALL SUPPLY 427.34
APA23002411 QUINN COMPANY 670.40
APA23002412 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,199,302.83 APA23002413 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 10,279.27 APA23002414 RIVERSIDE TRANSIT AGENCY 570.00
APA23002415 ROBBINS PEST MANAGEMENT, INC. 1,630.00
APA23002416 ROLYAN BUOYS 8,445.96
APA23002417 SECURITAS SECURITY SERVICES USA, INC. 3,166.43 APA23002418 SHRED-IT USA, LLC 84.00
APA23002419 SILVER & WRIGHT, LLP 14,247.62
APA23002420 SOMMER ENGINEERING, INC. 29,930.73
APA23002421 SOUTHERN CALIFORNIA EDISON CO. 7,428.61
APA23002422 SPICER CONSULTING GROUP 20,000.00
APA23002423 STAPLES ADVANTAGE 335.84
APA23002424 STAUFFER LAWN EQUIPMENT 1,716.87
APA23002425 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 2,250.00 APA23002426 TARGET SPECIALTY PRODUCTS 3,130.04
APA23002427 THOMSON REUTERS - WEST PUBLISHING CORP. 461.60 APA23002428 UNITED CARPORTS, LLC 15,956.25
APA23002429 VALLEY-WIDE ELITE GYMNASTICS 301.50
APA23002430 VULCAN MATERIALS COMPANY 423.24
APA23002431 WEST COAST SERVICES 1,055.00
DFT230236 FRONTIER CALIFORNIA - INTERNET 663.71
DFT230239 PAYCHEX OF NEW YORK, LLC 550.00
DFT230242 FRONTIER CALIFORNIA - INTERNET 470.71
DFT230256 CALPERS 64,854.98
DFT230257 WILMINGTON TRUST, NATIONAL ASSOCIATION 958,522.50 DFT230257 WILMINGTON TRUST, NATIONAL ASSOCIATION 30.00
DFT230258 CALPERS 105.80
5415 AK SECURITY ALARM LLC 14,345.72
143219 LIEBERT CASSIDY WHITMORE 243.00
GRAND TOTAL 2,886,668.13$
Attachment 2 2 OF 2

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY BOARD OF THE REDEVELOPMENT AGENCY OF

Recommendation
Receive and file the Investment Report for December 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 December 2022

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:

General Checking Account 4,985,841 $ 43,254 $ (311,743) $ 4,717,353 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 4,985,841 43,254 (311,743) 4,719,653

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

CAMP Pool Account 46,870 - - 46,870 U.S. Treasury Bond / Note 11,945,429 - - 11,945,429 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 262,383 - - 262,383 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 2,245,750 - - 2,245,750 Sub-total Investments 101,861,285 - - 101,861,285 Market Value Adjustment:

Unrealized Gain/(Loss) at 09/30/2022 (3,763,096) - - (3,763,096) Total Investments 98,098,189 - - 98,098,189 Total Pooled Cash and Investments 103,084,030 $ 43,254 $ (311,743) $ 102,817,841 $ TOTAL POOLED CASH AND INVESTMENTS 102,817,841$
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 January 10, 2023
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 December 31, 2022

FUND NO FUND NAME AMOUNT
100 General 15,949,447 $
102 Measure Z 13,051,646
106 Affordable Housing In Lieu 606,199
107 Developer Agreement Revenue 59,032
108 American Rescue Plan 9,824,046
109 Road Maintenance and Rehabilitation (SB1) 906,399
110 State Gas Tax 837,594
112 Measure A 1,613,848
114 SB1186 CASP Education Program 49,372
116 City Hall-Public Works DIF 25,120
117 Community Center DIF 136,956
118 Lake Side Facility DIF 236,435
119 Animal Shelter DIF 14,608
135 Lighting & Landscape Maintenance - Dist. No. 1 552,183 140 Geothermal 11,492
160 PEG Grant 71,851
180 Launch Pointe 1,648,802
202 La Strada RBBD 23,438
203 E.L.S.P. - S.T.I.F. 3,305,121
205 Traffic Impact Fee 308,998
211 Storm Drain C.I.P. 3,014,151
221 Quimby Park C.I.P. 81,157
231 Library C.I.P. 1,293,758
232 City Fire Protection 535,188
300 Insurance Service 1,303,708
305 Information Systems Service 2,662,558
310 Support Service 12,407
315 Fleet Service 335,900
320 Facilities Service 2,055,730
337 CFD 2016-2 Canyon Hills 1,839
346 CFD 2014-1 Southshore 66,800
354 CFD 90-2 Tuscany Hills 8,221
361 CFD 2022-2 Lakeshore Improvement 13,266
363 CFD 2022-3 Lakeside 29,869
366 CFD 2005-6 City Center Townhomes 2,150
368 CFD 2006-2 Viscaya 8,393
377 CFD 2006-6 Tessara 3,757
378 CFD 2006-8 Running Deer Estates 5,281
388 CFD 2007-6 Holiday Inn Express 12
395 CFD 2018-1 Wasson Canyon II Improvement Area 2,176

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 December 31, 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 December 31, 2022
500 Capital Improvement Plan 8,270,534
540 Successor To RDA Diamond Stadium 1,711,499
603 Endowment Trust - Carl Graves 56,961
604 Endowment Trust - Korn Memorial 33,022
605 Public Improvement Trust 1,642,865
606 Mobile Source Air Polution Reduction 230,024
608 Trust Deposit & Pre Paid Expense 1,527,809
617 Successor Agency Housing 22,296,713
620 Cost Recovery System 5,916,444
631 Lake Destratification Equipment Replacement 453,586 655 CFD 2015-1s Law, Fire, Paramedic Services 9,472
Total Pooled Cash & Investments 102,817,841$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.05% 46,870 $
U.S. Treasury Bond / Note Unlimited 11.73% 11,945,429 $ 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% 262,383 $ Federal Agency Bond / Note Unlimited 5.07% (1) 5,161,605$ Corporate Note 30% 8.49% 8,643,030 $
Negotiable Certificates of Deposit 30% 1.13% 1,150,000 $ Asset-Backed Security / Collaterized Mortgage 20% 2.20% 2,245,750 $ LAIF (Local Agency Investment Funds) $150 Million 68.42% (2) 69,692,247$ TOTAL 100.00% 101,861 ,285$
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 December 31, 2022

Local Agency Investment Fund

December 2.173
November 2.007
October 1.772
PMIA Quarter to Date(1): 1.98
287PMIA Average Life(1):

2.07LAIF Apportionment Rate(2):

0.00005680946709337

0.981389258
LAIF Earnings Ratio(2):

LAIF Fair Value Factor(1):

PMIA Daily(1): 2.29
Treasuries

66.67%
Agencies

20.08%
Certificates of
Deposit/Bank Notes

6.26%
Time
Deposits

2.58%
Commercial
Paper

3.95%
Corporate
Bonds

0.27%
Loans

0.19%
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 01/18/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/22
Chart does not include $3,466,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
12/31/22
$199.6 billion

Yield Purchase Date Maturity Rate

2.173% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 69,692,247$ - $ 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 December 31, 2022
CAMP
Investment Portfolio

For the Month Ending December 31, 2022Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
53,691.54
1,952,495.36
(1,959,316.49)

0.00 $46,870.41
CAMP Pool
Unsettled Trades 0.00
135.41 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
30,223,493.13
1,954,066.41
(1,913,913.42)
(26,774.97)
$30,236,871.15
CAMP Managed Account
Unsettled Trades 0.00
(175,260.85)Cash Dividends and Income
December 31, 2022 November 30, 2022
Asset Summary
CAMP Pool 46,870.41 53,691.54
CAMP Managed Account 30,236,871.15 30,223,493.13
$30,283,741.56 $30,277,184.67 Total
Asset Allocation

0.16%
CAMP Pool

99.84%
CAMP Managed
Account

Page 1 ends

For the Month Ending December 31, 2022Managed Account Summary Statement

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
$53,691.54
1,952,495.36
(1,959,316.49)
$46,870.41
135.41
$30,223,493.13
(13,991.54)
(1,899,921.88)
1,954,066.41

0.00 (26,774.97)
$30,236,871.15
$30,277,184.67
$30,283,741.56
57,993.41
(2,552.49)
(230,701.77)
($175,260.85)

0.00 1,915,139.27
42,776.02
13,991.54
(1,956,618.90)
(15,287.93)

0.00 Managed Account Total
32,062,111.53 32,108,981.94
94,648.66
1,915,139.27
13,991.54
42,776.02
(1,956,618.90)
(32,174,266.31)
(111,146.54)

0.00 94,648.66
3,874,455.76
13,991.54
42,776.02
(3,909,114.26)
(32,227,957.85)
(111,146.54)
135.41
Total Accrual Basis Earnings ($113,364.73) ($113,229.32) Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
$0.00 Closing Cash Balance

Page 2 ends

For the Month Ending December 31, 2022
Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 12,500,000.00 11,310,835.89 37.36 Supra-National Agency Bond / Note 1,380,000.00 1,314,057.31 4.34 Municipal Bond / Note 1,335,000.00 1,223,749.45 4.04 Federal Agency Commercial
Mortgage-Backed Security
250,000.00 242,197.79 0.80
Federal Agency Bond / Note 5,175,000.00 4,811,476.71 15.89 Corporate Note 8,490,000.00 8,014,498.03 26.46
Certificate of Deposit 1,150,000.00 1,142,400.16 3.77 Asset-Backed Security 2,246,036.06 2,177,655.81 7.19 Managed Account Sub-Total 32,526,036.06 30,236,871.15 99.85% Accrued Interest 94,648.66
Total Portfolio 32,526,036.06 30,331,519.81
CAMP Pool 46,870.41 46,870.41 0.15
Total Investments 32,572,906.47 30,378,390.22 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

7.19%
ABS

3.77%
Cert of Deposit

26.46%
Corporate Note

15.89%
Fed Agy Bond /
Note

0.80%
Federal Agency
Commercial
Mortgage-Backed
Security

0.15%
Joint Powers
Authority

4.04%
Muni Bond / Note

4.34%
Supra-National
Agency Bond / Note

37.36%
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

1.78%

8.59%

14.05%

34.35% 34.73%

6.50%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 965

1.80%

4.44%

Page 3 ends

For the Month Ending December 31, 2022
Managed Account Issuer Summary

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

5.78%
A

1.96%
A+

8.61%
A-

0.82%
A-2

6.07%
AA

57.11%
AA+

3.76%
AA-

11.24%
AAA

0.15%
AAAm

3.52%
BBB+

0.98%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
220,834.35 0.73 ABBOTT LABORATORIES
433,778.55 1.43 AMAZON.COM INC
75,531.84 0.25 AMERICAN EXPRESS CO
385,007.20 1.27 AMERICAN HONDA FINANCE
506,607.20 1.67 APPLE INC
426,795.53 1.41 BANK OF AMERICA CO
437,687.33 1.45 BERKSHIRE HATHAWAY INC
218,882.23 0.72 BMW FINANCIAL SERVICES NA LLC
75,883.75 0.25 CALIFORNIA STATE UNIVERSITY
46,870.41 0.15 CAMP Pool
246,603.28 0.81 CAPITAL ONE FINANCIAL CORP
305,946.06 1.01 CARMAX AUTO OWNER TRUST
203,013.23 0.67 CATERPILLAR INC
96,103.00 0.32 CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 99,939.63 0.33 CHARLES SCHWAB
62,936.19 0.21 CINTAS CORPORATION NO. 2
217,288.13 0.72 CITIGROUP INC
247,586.50 0.82 CREDIT SUISSE GROUP RK
93,246.70 0.31 DEERE & COMPANY
181,501.07 0.60 DISCOVER FINANCIAL SERVICES
1,532,483.68 5.06 FANNIE MAE
455,625.70 1.50 FEDERAL HOME LOAN BANKS
283,333.80 0.94 FLORIDA STATE BOARD OF ADMIN FIN CORP 3,065,565.12 10.12 FREDDIE MAC
218,907.45 0.72 GENERAL DYNAMICS CORP
355,397.25 1.17 GM FINANCIAL CONSUMER AUTOMOBILE TRUST 117,211.43 0.39 GM FINANCIAL LEASINGTRUST
393,045.20 1.30 GOLDMAN SACHS GROUP INC
23,919.15 0.08 HOME DEPOT INC
94,904.49 0.31 HONDA AUTO RECEIVABLES
143,164.43 0.47 HYUNDAI AUTO RECEIVABLES
221,339.03 0.73 IBM CORP

Page 4 ends

For the Month Ending December 31, 2022Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
591,708.88 1.95 INTER-AMERICAN DEVELOPMENT BANK
722,348.43 2.39 INTL BANK OF RECONSTRUCTION AND DEV
458,482.89 1.51 JP MORGAN CHASE & CO
127,048.60 0.42 LOS ANGELES COMMUNITY COLLEGE DISTRICT 393,075.60 1.30 MORGAN STANLEY
242,137.00 0.80 NATIONAL AUSTRALIA BANK LTD
48,119.10 0.16 NATIONAL RURAL UTILITIES CO FINANCE CORP 298,424.75 0.99 NEW YORK ST URBAN DEVELOPMENT CORP
420,828.09 1.39 NISSAN AUTO RECEIVABLES
445,012.65 1.47 NORDEA BANK ABP
164,573.15 0.54 PACCAR FINANCIAL CORP
394,184.40 1.30 PNC FINANCIAL SERVICES GROUP
388,503.29 1.28 Roche Holding AG
118,095.90 0.39 SAN JUAN UNIFIED SCHOOL DISTRICT
57,692.40 0.19 STATE OF CONNECTICUT
90,408.00 0.30 STATE OF MINNESOTA
36,282.12 0.12 TARGET CORP
624,492.22 2.06 THE BANK OF NEW YORK MELLON CORPORATION 381,259.20 1.26 THE WALT DISNEY CORPORATION
449,801.01 1.49 TORONTO-DOMINION BANK
538,566.43 1.78 TOYOTA MOTOR CORP
11,310,835.89 37.35 UNITED STATES TREASURY
201,442.95 0.67 UNITEDHEALTH GROUP INC
76,759.25 0.25 UNIVERSITY OF CALIFORNIA
216,720.45 0.72 USAA CAPITAL CORP
$30,283,741.56 Total 100.00%

Page 5 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
72,093.75 75,368.61 4.14 76,104.49 01/07/2001/02/20AaaAA+ 75,000.00 912828XX3 1.66

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
312,406.25 328,001.55 17.95 333,823.24 02/07/2002/03/20AaaAA+ 325,000.00 912828XX3 1.36

US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
480,625.00 508,432.52 27.62 524,355.47 03/06/2003/02/20AaaAA+ 500,000.00 912828XX3 0.85

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
474,531.25 515,633.02 24.17 534,414.06 08/07/2008/05/20AaaAA+ 500,000.00 912828YY0 0.18

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
226,406.25 247,147.60 1.72 245,156.25 04/05/2104/01/21AaaAA+ 250,000.00 912828ZW3 0.72

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
407,531.25 446,338.86 3.11 443,654.30 03/04/2103/01/21AaaAA+ 450,000.00 912828ZW3 0.58

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
133,968.75 148,029.76 1.55 147,052.73 07/07/2107/01/21AaaAA+ 150,000.00 91282CBC4 0.82

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
312,593.75 346,625.31 3.63 344,859.38 06/07/2106/02/21AaaAA+ 350,000.00 91282CBC4 0.70

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
357,250.00 391,134.44 4.14 387,968.75 12/06/2112/02/21AaaAA+ 400,000.00 91282CBC4 1.13

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
401,906.25 447,392.12 4.66 446,167.97 08/05/2108/03/21AaaAA+ 450,000.00 91282CBC4 0.57

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
580,531.25 637,197.55 6.73 632,251.95 11/04/2111/02/21AaaAA+ 650,000.00 91282CBC4 1.05

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
736,828.13 817,521.43 8.54 814,236.33 09/07/2109/01/21AaaAA+ 825,000.00 91282CBC4 0.68

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
67,031.25 72,198.23 96.34 71,458.01 02/14/2202/10/22AaaAA+ 75,000.00 91282CBW0 1.92

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
849,062.50 932,136.61 1,220.30 926,843.75 01/06/2201/04/22AaaAA+ 950,000.00 91282CBW0 1.33

Page 6 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
176,656.24 180,732.59 523.10 179,007.81 09/06/2209/01/22AaaAA+ 200,000.00 91282CCP4 3.53

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
220,820.30 229,947.51 653.87 226,250.00 05/05/2205/03/22AaaAA+ 250,000.00 91282CCP4 3.03

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
662,460.90 696,597.57 1,961.62 690,468.75 08/04/2208/01/22AaaAA+ 750,000.00 91282CCP4 2.74

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
706,624.96 740,413.26 2,092.39 732,343.75 07/08/2207/05/22AaaAA+ 800,000.00 91282CCP4 2.84

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
794,953.08 830,197.20 2,353.94 819,035.16 06/06/2206/02/22AaaAA+ 900,000.00 91282CCP4 2.94

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
794,953.08 827,294.74 2,353.94 819,562.50 08/15/2208/08/22AaaAA+ 900,000.00 91282CCP4 3.04

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
277,265.64 274,806.82 779.01 273,773.44 11/04/2211/01/22AaaAA+ 300,000.00 912828U24 4.39

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
323,476.58 324,077.50 908.84 322,574.22 10/11/2210/05/22AaaAA+ 350,000.00 912828U24 4.10

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
1,940,859.48 1,956,601.74 5,453.04 1,954,066.41 12/07/2212/05/22AaaAA+ 2,100,000.00 912828U24 3.92 18,504.35 11,310,835.89 11,973,826.54 2.19 11,945,428.72 12,500,000.00 Security Type Sub-Total Supra-National Agency Bond / Note

INTL BK OF RECON AND DEV NOTE
DTD 04/20/2021 0.125% 04/20/2023
241,842.93 244,924.27 60.40 244,492.85 04/20/2104/13/21AaaAAA 245,000.00 459058JV6 0.23

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
480,505.50 499,678.97 128.47 498,925.00 11/24/2011/17/20AaaAAA 500,000.00 459058JM6 0.32

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
591,708.88 634,729.46 864.31 634,530.10 09/23/2109/15/21AaaAAA 635,000.00 4581X0DZ8 0.52 1,053.18 1,314,057.31 1,379,332.70 0.40 1,377,947.95 1,380,000.00 Security Type Sub-Total

Page 7 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
57,692.40 60,000.00 599.40 60,000.00 06/11/2005/29/20Aa3AA- 60,000.00 20772KJW0 2.00

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
96,103.00 100,000.00 875.42 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
298,424.75 325,000.00 832.54 325,000.00 12/23/2012/16/20NRAA+ 325,000.00 650036DT0 0.87

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
76,759.25 85,000.00 95.90 85,000.00 07/16/2007/10/20Aa2AA 85,000.00 91412HGE7 0.88

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
59,408.70 65,239.63 408.85 65,459.55 09/16/2009/03/20Aa3AA 65,000.00 341271AD6 1.11

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
77,688.30 85,293.86 534.65 85,563.55 09/16/2009/03/20Aa3AA 85,000.00 341271AD6 1.12

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
146,236.80 160,000.00 1,006.40 160,000.00 09/16/2009/03/20Aa3AA 160,000.00 341271AD6 1.26

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
90,408.00 100,000.00 262.50 100,000.00 08/25/2008/11/20AaaAAA 100,000.00 60412AVJ9 0.63

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
118,095.90 130,000.00 461.50 130,000.00 10/29/2010/16/20Aa2NR 130,000.00 798306WP7 0.85

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
127,048.60 140,000.00 450.92 140,000.00 11/10/2010/30/20AaaAA+ 140,000.00 54438CYK2 0.77

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
75,883.75 85,000.00 122.12 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86 5,650.20 1,223,749.45 1,335,533.49 1.06 1,336,023.10 1,335,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
242,197.79 255,063.06 637.92 262,382.81 03/25/2003/19/20AaaAA+ 250,000.00 3137BGK24 1.95 637.92 242,197.79 255,063.06 1.95 262,382.81 250,000.00 Security Type Sub-Total

Page 8 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
363,484.50 375,015.58 294.27 375,068.48 09/04/2009/02/20AaaAA+ 375,000.00 3137EAEW5 0.24

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
508,878.30 524,960.59 411.98 524,826.75 09/04/2009/02/20AaaAA+ 525,000.00 3137EAEW5 0.26

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
313,120.28 324,681.16 84.64 323,787.75 10/16/2010/14/20AaaAA+ 325,000.00 3137EAEY1 0.25

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
336,648.90 349,911.19 133.68 349,685.00 11/05/2011/03/20AaaAA+ 350,000.00 3137EAEZ8 0.28

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
311,735.13 324,888.55 76.74 324,629.50 11/25/2011/23/20AaaAA+ 325,000.00 3135G06H1 0.29

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
287,497.20 299,908.59 56.25 299,703.00 12/04/2012/02/20AaaAA+ 300,000.00 3137EAFA2 0.28

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
320,420.80 349,206.24 374.31 348,264.00 04/16/2004/15/20AaaAA+ 350,000.00 3130AJHU6 0.60

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
321,094.20 349,667.17 419.27 349,279.00 04/24/2004/22/20AaaAA+ 350,000.00 3135G03U5 0.67

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
384,569.75 423,918.54 708.33 422,883.50 07/23/2007/21/20AaaAA+ 425,000.00 3137EAEU9 0.48

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
315,620.90 349,131.61 459.38 348,362.00 08/27/2008/25/20AaaAA+ 350,000.00 3135G05X7 0.47

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
135,204.90 149,758.30 182.81 149,550.00 09/11/2009/10/20AaaAA+ 150,000.00 3130AK5E2 0.44

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
629,168.40 698,849.47 714.58 697,893.00 09/25/2009/23/20AaaAA+ 700,000.00 3137EAEX3 0.44

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
584,033.45 648,669.74 487.50 647,673.00 11/12/2011/09/20AaaAA+ 650,000.00 3135G06G3 0.57 4,403.74 4,811,476.71 5,168,566.73 0.41 5,161,604.98 5,175,000.00 Security Type Sub-Total

Page 9 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
394,184.40 400,572.17 6,144.44 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
99,939.63 104,978.83 225.31 104,947.50 03/18/2103/16/21A2A 105,000.00 808513BN4 0.77

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
198,052.89 209,901.39 189.58 209,775.30 04/26/2104/19/21A1A 210,000.00 06406RAS6 0.54

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
393,075.60 406,367.02 2,669.44 422,916.00 07/23/1907/19/19A1A- 400,000.00 61746BDQ6 2.59

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
385,007.20 399,404.47 106.67 398,016.00 07/15/1907/11/19A3A- 400,000.00 02665WCZ2 2.51

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
393,045.20 404,977.85 7,400.56 418,632.00 07/11/1907/08/19A2BBB+ 400,000.00 38141EC23 2.84

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
65,419.83 69,996.61 202.71 69,993.70 08/12/2108/09/21A2A 70,000.00 05565EBU8 0.75

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
381,259.20 399,455.70 2,352.78 398,368.00 09/06/1909/03/19A2BBB+ 400,000.00 254687FK7 1.84

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 09/10/2021 0.625% 09/10/2024
93,246.70 99,963.35 192.71 99,935.00 09/10/2109/07/21A2A 100,000.00 24422EVU0 0.65

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
164,573.15 178,878.85 1,268.75 182,894.25 10/29/2010/22/20A1A+ 175,000.00 69371RQ66 0.73

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
75,531.84 79,941.54 585.00 79,919.20 03/04/2203/01/22A2BBB+ 80,000.00 025816CQ0 2.29

Page 10 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
388,503.29 410,000.00 2,695.20 410,000.00 03/10/2203/03/22Aa2AA 410,000.00 771196BT8 2.13

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
23,919.15 24,967.21 142.50 24,956.25 03/28/2203/24/22A2A 25,000.00 437076CM2 2.76

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
217,288.13 237,332.97 1,320.00 249,738.75 09/01/2008/28/20A3BBB+ 225,000.00 172967JP7 0.88 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
62,936.19 64,988.88 373.75 64,985.70 05/03/2204/26/22A3A- 65,000.00 17252MAP5 3.46

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
216,720.45 224,415.38 1,265.63 224,264.25 05/26/2205/23/22Aa1AA 225,000.00 90327QD89 3.49

APPLE INC (CALLABLE) CORP NOTES
DTD 05/11/2020 1.125% 05/11/2025
506,607.20 550,512.08 859.38 551,105.50 05/13/2005/11/20AaaAA+ 550,000.00 037833DT4 1.08

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
218,907.45 238,632.23 1,006.25 252,247.50 10/20/2010/16/20A3A- 225,000.00 369550BG2 0.80

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
293,765.54 315,000.00 216.30 315,000.00 06/01/2105/24/21A1A- 315,000.00 46647PCH7 0.82

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
433,778.55 474,887.20 295.56 474,767.25 06/05/2006/03/20A1AA 475,000.00 023135BQ8 0.81

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
242,137.00 250,000.00 534.72 250,000.00 06/09/2205/31/22Aa3AA- 250,000.00 63254ABD9 3.50

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
48,119.10 49,989.37 76.67 49,986.50 05/04/2204/27/22A2A- 50,000.00 63743HFE7 3.46

Page 11 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 06/30/2022 3.950% 06/30/2025
98,126.20 99,921.04 10.97 99,905.00 06/30/2206/27/22A1A+ 100,000.00 89236TKC8 3.98

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
221,339.03 225,000.00 3,850.00 225,000.00 07/27/2207/20/22A3A- 225,000.00 459200KS9 4.00

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
219,069.68 241,656.97 3,632.81 256,918.50 08/20/2008/18/20A2A- 225,000.00 06051GFS3 0.93

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
220,834.35 242,100.27 2,567.19 257,845.50 09/28/2009/24/20A1AA- 225,000.00 002824BM1 0.86

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
207,725.85 225,000.00 239.06 225,000.00 12/06/2112/01/21A2A- 225,000.00 06051GKE8 1.53

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
164,717.35 175,000.00 1,602.05 175,000.00 02/24/2202/16/22A1A- 175,000.00 46647PCV6 2.60

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
201,442.95 224,735.71 330.63 224,608.50 05/19/2105/17/21A3A+ 225,000.00 91324PEC2 1.19

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 06/18/2021 1.125% 06/18/2026
128,340.52 144,766.03 58.91 144,678.10 09/13/2109/08/21A1A+ 145,000.00 89236TJK2 1.17

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
153,462.40 174,961.99 844.62 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
203,013.23 224,084.01 1,838.13 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
36,282.12 39,944.80 359.67 39,932.00 01/24/2201/19/22A2A 40,000.00 87612EBM7 1.99

Page 12 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
426,439.33 474,140.91 4,192.53 473,945.50 01/28/2201/26/22A1A 475,000.00 06406RBA4 2.10

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
437,687.33 467,505.77 3,216.81 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70 52,867.29 8,014,498.03 8,553,980.60 1.95 8,643,030.00 8,490,000.00 Security Type Sub-Total Certificate of Deposit

CREDIT SUISSE NEW YORK CERT DEPOS
DTD 03/23/2021 0.590% 03/17/2023
247,586.50 250,000.00 1,188.19 250,000.00 03/23/2103/19/21P-2A-2 250,000.00 22552G3C2 0.59

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
449,801.01 450,000.00 4,340.00 450,000.00 10/31/2210/27/22A1A 450,000.00 89115B6K1 5.58

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
445,012.65 450,000.00 4,009.25 450,000.00 11/03/2211/02/22Aa3AA- 450,000.00 65558UYF3 5.53 9,537.44 1,142,400.16 1,150,000.00 4.48 1,150,000.00 1,150,000.00 Security Type Sub-Total Asset-Backed Security
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
83,505.39 84,993.12 8.57 84,987.17 02/24/2102/17/21AaaNR 85,000.00 36261RAD0 0.33 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
33,706.04 34,998.24 4.38 34,997.05 05/26/2105/18/21NRAAA 35,000.00 380144AD7 0.41 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
67,778.93 70,075.36 11.84 70,072.54 04/28/2104/20/21NRAAA 70,079.91 44933LAC7 0.38 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
282,533.15 294,996.77 43.27 294,995.01 06/23/2106/15/21AaaAAA 295,000.00 65480BAC1 0.33 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
312,099.71 324,977.25 37.56 324,965.00 06/14/2106/08/21NRAAA 325,000.00 89190GAC1 0.26

Page 13 ends

For the Month Ending December 31, 2022Managed Account Detail of Securities Held

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 Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
94,904.49 99,984.51 24.44 99,978.92 11/24/2111/16/21AaaNR 100,000.00 43815GAC3 0.89 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
101,985.03 105,941.35 24.49 105,933.32 04/21/2104/13/21NRAAA 105,956.15 14314QAC8 0.52 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
75,385.50 79,986.61 26.31 79,982.14 11/17/2111/09/21NRAAA 80,000.00 44935FAD6 0.75 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
181,501.07 194,968.86 50.27 194,958.25 09/27/2109/20/21AaaAAA 195,000.00 254683CP8 0.58 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
80,032.46 84,998.36 24.08 84,997.83 10/21/2110/13/21AaaAAA 85,000.00 362554AC1 0.68 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
203,961.03 209,995.51 370.53 209,995.04 07/20/2207/12/22NRAAA 210,000.00 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
138,294.94 139,972.66 277.51 139,971.03 09/28/2209/20/22AaaAAA 140,000.00 65480JAC4 4.46 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
275,364.79 274,956.99 552.29 274,954.93 10/12/2210/04/22NRAAA 275,000.00 36265QAD8 4.82 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
246,603.28 244,962.82 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 1,994.54 2,177,655.81 2,245,808.41 2.10 2,245,749.79 2,246,036.06 Security Type Sub-Total 32,526,036.06 32,122,167.35 1.80 94,648.66 32,062,111.53 30,236,871.15 Managed Account Sub-Total Joint Powers Authority
CAMP Pool 46,870.41 46,870.41 0.00 46,870.41 NRAAAm 46,870.41 46,870.41 46,870.41 0.00 46,870.41 46,870.41 Liquid Sub-Total

Page 14 ends

For the Month Ending December 31, 2022
Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
$32,572,906.47 $32,169,037.76 $94,648.66 $32,108,981.94 $30,283,741.56 1.80% $30,378,390.22
$94,648.66
Total Investments
Accrued Interest
Securities Sub-Total

Page 15 ends

For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(3,274.86)(4,010.74) 72,093.75 96.13 HSBC 75,000.00 912828XX3US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024

4.71 1.47
(15,595.30)(21,416.99) 312,406.25 96.13 HSBC 325,000.00 912828XX3US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024

4.71 1.47
(27,807.52)(43,730.47) 480,625.00 96.13 HSBC 500,000.00 912828XX3US TREASURY NOTES DTD 06/30/2017 2.000% 06/30/2024

4.71 1.47
(41,101.77)(59,882.81) 474,531.25 94.91 WELLS_F 500,000.00 912828YY0US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024

4.44 1.96
(20,741.35)(18,750.00) 226,406.25 90.56 GOLDMAN 250,000.00 912828ZW3US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025

4.27 2.49
(38,807.61)(36,123.05) 407,531.25 90.56 MERRILL 450,000.00 912828ZW3US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025

4.27 2.49
(14,061.01)(13,083.98) 133,968.75 89.31 CITIGRP 150,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.20 2.98
(34,031.56)(32,265.63) 312,593.75 89.31 JPM_CHA 350,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.20 2.98
(33,884.44)(30,718.75) 357,250.00 89.31 CITIGRP 400,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.20 2.98
(45,485.87)(44,261.72) 401,906.25 89.31 JPM_CHA 450,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.20 2.98
(56,666.30)(51,720.70) 580,531.25 89.31 BNP_PAR 650,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.20 2.98
(80,693.30)(77,408.20) 736,828.13 89.31 CITIGRP 825,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.20 2.98
(5,166.98)(4,426.76) 67,031.25 89.38 BMO 75,000.00 91282CBW0US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026

4.20 3.29
(83,074.11)(77,781.25) 849,062.50 89.38 CITIGRP 950,000.00 91282CBW0US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026

4.20 3.29
(4,076.35)(2,351.57) 176,656.24 88.33 BMO 200,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.16 3.54
(9,127.21)(5,429.70) 220,820.30 88.33 HSBC 250,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.16 3.54
(34,136.67)(28,007.85) 662,460.90 88.33 BMO 750,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.16 3.54

Page 16 ends

For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(33,788.30)(25,718.79) 706,624.96 88.33 HSBC 800,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.16 3.54
(35,244.12)(24,082.08) 794,953.08 88.33 MERRILL 900,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.16 3.54
(32,341.66)(24,609.42) 794,953.08 88.33 BMO 900,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.16 3.54
2,458.82 3,492.20 277,265.64 92.42 BMO 300,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.14 3.73
(600.92) 902.36 323,476.58 92.42 BMO 350,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.14 3.73
(15,742.26)(13,206.93) 1,940,859.48 92.42 HSBC 2,100,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.14 3.73
(634,592.83) 4.23 (662,990.65) 11,310,835.89 12,500,000.00 Security Type Sub-Total 3.16 Supra-National Agency Bond / Note
(3,081.34)(2,649.92) 241,842.93 98.71 TD 245,000.00 459058JV6INTL BK OF RECON AND DEV NOTE DTD 04/20/2021 0.125% 04/20/2023

4.40 0.31
(19,173.47)(18,419.50) 480,505.50 96.10 TD 500,000.00 459058JM6INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023

4.73 0.90
(43,020.58)(42,821.22) 591,708.88 93.18 JPM_CHA 635,000.00 4581X0DZ8INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024

4.65 1.72
(63,890.64) 4.63 (65,275.39) 1,314,057.31 1,380,000.00 Security Type Sub-Total 1.16 Municipal Bond / Note
(2,307.60)(2,307.60) 57,692.40 96.15 SIEBERT 60,000.00 20772KJW0CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024

4.68 1.47
(3,897.00)(3,897.00) 96,103.00 96.10 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024

4.68 1.55
(26,575.25)(26,575.25) 298,424.75 91.82 WELLS_F 325,000.00 650036DT0NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025

4.82 2.19
(8,240.75)(8,240.75) 76,759.25 90.31 04/15/25JPM_CHA 85,000.00 91412HGE7UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025

5.28 2.27

Page 17 ends

For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Municipal Bond / Note
(5,830.93)(6,050.85) 59,408.70 91.40 MERRILL 65,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

4.95 2.45
(7,605.56)(7,875.25) 77,688.30 91.40 MERRILL 85,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

4.95 2.45
(13,763.20)(13,763.20) 146,236.80 91.40 MERRILL 160,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

4.95 2.45
(9,592.00)(9,592.00) 90,408.00 90.41 MORGAN_ 100,000.00 60412AVJ9MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025

4.61 2.56
(11,904.10)(11,904.10) 118,095.90 90.84 KEYBANC 130,000.00 798306WP7SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025

4.65 2.55
(12,951.40)(12,951.40) 127,048.60 90.75 MERRILL 140,000.00 54438CYK2LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025

4.61 2.56
(9,116.25)(9,116.25) 75,883.75 89.28 JPM_CHA 85,000.00 13077DQD7CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025

4.96 2.80
(112,273.65) 4.82 (111,784.04) 1,223,749.45 1,335,000.00 Security Type Sub-Total 2.31 Federal Agency Commercial Mortgage-Backed Security
(12,865.27)(20,185.02) 242,197.79 96.88 CITIGRP 250,000.00 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024

4.77 1.82
(20,185.02) 4.77 (12,865.27) 242,197.79 250,000.00 Security Type Sub-Total 1.82 Federal Agency Bond / Note
(11,531.08)(11,583.98) 363,484.50 96.93 NOMURA 375,000.00 3137EAEW5FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023

4.84 0.69
(16,082.29)(15,948.45) 508,878.30 96.93 WELLS_F 525,000.00 3137EAEW5FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023

4.84 0.69
(11,560.88)(10,667.47) 313,120.28 96.34 WELLS_F 325,000.00 3137EAEY1FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023

4.87 0.79
(13,262.29)(13,036.10) 336,648.90 96.19 CITIGRP 350,000.00 3137EAEZ8FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023

4.89 0.85
(13,153.42)(12,894.37) 311,735.13 95.92 NOMURA 325,000.00 3135G06H1FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023

4.90 0.91

Page 18 ends

For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Federal Agency Bond / Note
(12,411.39)(12,205.80) 287,497.20 95.83 CITIGRP 300,000.00 3137EAFA2FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023

4.90 0.93
(28,785.44)(27,843.20) 320,420.80 91.55 CITIGRP 350,000.00 3130AJHU6FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025

4.42 2.28
(28,572.97)(28,184.80) 321,094.20 91.74 CITIGRP 350,000.00 3135G03U5FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025

4.42 2.29
(39,348.79)(38,313.75) 384,569.75 90.49 WELLS_F 425,000.00 3137EAEU9FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025

4.34 2.54
(33,510.71)(32,741.10) 315,620.90 90.18 BARCLAY 350,000.00 3135G05X7FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025

4.33 2.64
(14,553.40)(14,345.10) 135,204.90 90.14 WELLS_F 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025

4.31 2.66
(69,681.07)(68,724.60) 629,168.40 89.88 CITIGRP 700,000.00 3137EAEX3FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025

4.34 2.72
(64,636.29)(63,639.55) 584,033.45 89.85 BARCLAY 650,000.00 3135G06G3FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025

4.32 2.83
(350,128.27) 4.58 (357,090.02) 4,811,476.71 5,175,000.00 Security Type Sub-Total 1.80 Corporate Note
(6,387.77)(8,663.60) 394,184.40 98.55 12/23/23CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024

4.92 0.96
(5,039.20)(5,007.87) 99,939.63 95.18 02/18/24CSFB 105,000.00 808513BN4CHARLES SCHWAB CORP NOTES (CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

4.88 1.13
(11,848.50)(11,722.41) 198,052.89 94.31 03/26/24JPM_CHA 210,000.00 06406RAS6BANK OF NY MELLON CORP NOTES (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

5.00 1.24
(13,291.42)(29,840.40) 393,075.60 98.27 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024

5.23 1.30
(14,397.27)(13,008.80) 385,007.20 96.25 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024

5.04 1.47

Page 19 ends

For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(11,932.65)(25,586.80) 393,045.20 98.26 04/08/24SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC (CALLABLE) BONDS
DTD 07/08/2014 3.850% 07/08/2024

5.05 1.23
(4,576.78)(4,573.87) 65,419.83 93.46 GOLDMAN 70,000.00 05565EBU8BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024

5.01 1.61
(18,196.50)(17,108.80) 381,259.20 95.31 07/30/24JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024

4.70 1.56
(6,716.65)(6,688.30) 93,246.70 93.25 HSBC 100,000.00 24422EVU0JOHN DEERE CAPITAL CORP CORPORATE NOTES
DTD 09/10/2021 0.625% 09/10/2024

4.82 1.68
(14,305.70)(18,321.10) 164,573.15 94.04 MERRILL 175,000.00 69371RQ66PACCAR FINANCIAL CORP CORPORATE NOTES
DTD 02/06/2020 1.800% 02/06/2025

4.82 2.05
(4,409.70)(4,387.36) 75,531.84 94.41 02/01/25BARCLAY 80,000.00 025816CQ0AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

4.99 2.03
(21,496.71)(21,496.71) 388,503.29 94.76 02/10/25DEUTSCH 410,000.00 771196BT8ROCHE HOLDINGS INC (CALLABLE)

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

4.67 2.06
(1,048.06)(1,037.10) 23,919.15 95.68 03/15/25MORGAN_ 25,000.00 437076CM2HOME DEPOT INC (CALLABLE) CORPORATE NOTE
DTD 03/28/2022 2.700% 04/15/2025

4.71 2.15
(20,044.84)(32,450.62) 217,288.13 96.57 MKTX 225,000.00 172967JP7CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025

4.88 2.24
(2,052.69)(2,049.51) 62,936.19 96.82 04/01/25KEYBANC 65,000.00 17252MAP5CINTAS CORPORATION NO. 2 CORP NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025

4.90 2.17
(7,694.93)(7,543.80) 216,720.45 96.32 MERRILL 225,000.00 90327QD89USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025

5.06 2.25
(43,904.88)(44,498.30) 506,607.20 92.11 04/11/25GOLDMAN 550,000.00 037833DT4APPLE INC (CALLABLE) CORP NOTES DTD 05/11/2020 1.125% 05/11/2025

4.69 2.25
(19,724.78)(33,340.05) 218,907.45 97.29 03/15/25JPM_CHA 225,000.00 369550BG2GENERAL DYNAMICS CORP (CALLABLE)

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

4.72 2.13

Page 20 ends

For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(21,234.46)(21,234.46) 293,765.54 93.26 06/01/24JPM_CHA 315,000.00 46647PCH7JPMORGAN CHASE & CO (CALLABLE) CORP NOTE
DTD 06/01/2021 0.824% 06/01/2025

3.76 1.41
(41,108.65)(40,988.70) 433,778.55 91.32 05/03/25GOLDMAN 475,000.00 023135BQ8AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025

4.62 2.32
(7,863.00)(7,863.00) 242,137.00 96.85 CITIGRP 250,000.00 63254ABD9NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025

4.88 2.36
(1,870.27)(1,867.40) 48,119.10 96.24 RBC 50,000.00 63743HFE7NATIONAL RURAL UTIL COOP CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025

5.10 2.37
(1,794.84)(1,778.80) 98,126.20 98.13 MERRILL 100,000.00 89236TKC8TOYOTA MOTOR CREDIT CORP

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

4.75 2.40
(3,660.97)(3,660.97) 221,339.03 98.37 JPM_CHA 225,000.00 459200KS9IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025

4.68 2.43
(22,587.29)(37,848.82) 219,069.68 97.36 MERRILL 225,000.00 06051GFS3BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025

4.97 2.44
(21,265.92)(37,011.15) 220,834.35 98.15 06/15/25US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES CORPORATE

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

4.61 2.34
(17,274.15)(17,274.15) 207,725.85 92.32 12/06/24MERRILL 225,000.00 06051GKE8BANK OF AMERICA CORP NOTES (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

4.35 1.91
(10,282.65)(10,282.65) 164,717.35 94.12 02/24/25JPM_CHA 175,000.00 46647PCV6JPMORGAN CHASE & CO CORP NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

4.62 2.08
(23,292.76)(23,165.55) 201,442.95 89.53 04/15/26CITIGRP 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

4.53 3.23
(16,425.51)(16,337.58) 128,340.52 88.51 JPM_CHA 145,000.00 89236TJK2TOYOTA MOTOR CREDIT CORP

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

4.76 3.40

Page 21 ends

For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(21,499.59)(21,485.10) 153,462.40 87.69 07/12/26MITSU 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE)

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

5.01 3.44
(21,070.78)(20,850.52) 203,013.23 90.23 JPM_CHA 225,000.00 14913R2U0CATERPILLAR FINL SERVICE CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027

4.38 3.86
(3,662.68)(3,649.88) 36,282.12 90.71 12/15/26CITIGRP 40,000.00 87612EBM7TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

4.49 3.78
(47,701.58)(47,506.17) 426,439.33 89.78 12/26/26DEUTSCH 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

4.85 3.80
(29,818.44)(28,401.67) 437,687.33 92.14 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY CORP NOTES (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

4.36 3.92
(628,531.97) 4.75 (539,482.57) 8,014,498.03 8,490,000.00 Security Type Sub-Total 2.22 Certificate of Deposit
(2,413.50)(2,413.50) 247,586.50 99.03 CSFB 250,000.00 22552G3C2CREDIT SUISSE NEW YORK CERT DEPOS DTD 03/23/2021 0.590% 03/17/2023

5.15 0.22
(198.99)(198.99) 449,801.01 99.96 TD 450,000.00 89115B6K1TORONTO DOMINION BANK NY CERT DEPOS
DTD 10/31/2022 5.600% 10/27/2025

5.59 3.52
(4,987.35)(4,987.35) 445,012.65 98.89 WELLS_F 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025

5.96 2.65
(7,599.84) 5.64 (7,599.84) 1,142,400.16 1,150,000.00 Security Type Sub-Total 2.46 Asset-Backed Security
(1,487.73)(1,481.78) 83,505.39 98.24 RBC 85,000.00 36261RAD0GMALT 2021-1 A4 DTD 02/24/2021 0.330% 02/20/2025

1.16 0.46
(1,292.20)(1,291.01) 33,706.04 96.30 SOCGEN 35,000.00 380144AD7GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025

2.00 0.78

Page 22 ends

For the Month Ending December 31, 2022Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
(2,296.43)(2,293.61) 67,778.93 96.72 BARCLAY 70,079.91 44933LAC7HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025

1.62 0.69
(12,463.62)(12,461.86) 282,533.15 95.77 MITSU 295,000.00 65480BAC1NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025

1.89 0.88
(12,877.54)(12,865.29) 312,099.71 96.03 CITIGRP 325,000.00 89190GAC1TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025

1.67 0.78
(5,080.02)(5,074.43) 94,904.49 94.90 MERRILL 100,000.00 43815GAC3HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026

2.62 1.26
(3,956.32)(3,948.29) 101,985.03 96.25 MERRILL 105,956.15 14314QAC8CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026

1.75 0.71
(4,601.11)(4,596.64) 75,385.50 94.23 SMBC 80,000.00 44935FAD6HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026

2.52 1.23
(13,467.79)(13,457.18) 181,501.07 93.08 CITIGRP 195,000.00 254683CP8DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026

2.54 1.67
(4,965.90)(4,965.37) 80,032.46 94.16 JPM_CHA 85,000.00 362554AC1GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026

2.33 1.30
(6,034.48)(6,034.01) 203,961.03 97.12 RBC 210,000.00 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.71 1.98
(1,677.72)(1,676.09) 138,294.94 98.78 WELLS_F 140,000.00 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.77 2.07
407.80 409.86 275,364.79 100.13 RBC 275,000.00 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

4.79 2.12
1,640.46 1,641.72 246,603.28 100.65 RBC 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027

4.80 2.56
(68,093.98) 3.08 (68,152.60) 2,177,655.81 2,246,036.06 Security Type Sub-Total 1.47 32,526,036.06 30,236,871.15 (1,885,296.20) (1,825,240.38) 4.44 Managed Account Sub-Total 2.41 Joint Powers Authority

0.00 0.00 46,870.41 1.00 46,870.41 CAMP Pool 0.00
46,870.41 46,870.41 0.00 0.00 Liquid Sub-Total 0.00

Page 23 ends

For the Month Ending December 31, 2022
Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Investments $30,378,390.22
$94,648.66
$30,283,741.56
Accrued Interest
Securities Sub-Total $32,572,906.47 ($1,885,296.20) ($1,825,240.38) 4.44% 2.41

Page 24 ends

For the Month Ending December 31, 2022Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
12/07/22 US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 (1,954,066.41) (2,552.49) (1,956,618.90) 2,100,000.00 12/05/22 (2,552.49) (1,956,618.90)(1,954,066.41) 2,100,000.00 Transaction Type Sub-Total

INTEREST
12/01/22 JPMORGAN CHASE & CO (CALLABLE)

CORP NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 0.00 1,297.80 1,297.80 315,000.00 12/01/22 12/25/22 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 0.00 637.92 637.92 250,000.00 12/01/22
12/25/22 FHMS KP05 A
DTD 12/01/2018 3.203% 07/01/2023
3137FKK39 0.00 14.82 14.82 5,553.39 12/01/22
12/03/22 AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 0.00 1,900.00 1,900.00 475,000.00 12/03/22 12/04/22 FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 0.00 375.00 375.00 300,000.00 12/04/22
12/06/22 BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 0.00 1,721.25 1,721.25 225,000.00 12/06/22 12/09/22 NATIONAL AUSTRALIA BK/NY

CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 0.00 4,375.00 4,375.00 250,000.00 12/09/22 12/15/22 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 0.00 49.33 49.33 80,000.00 12/15/22
12/15/22 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 0.00 47.67 47.67 110,000.00 12/15/22
12/15/22 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 0.00 23.58 23.58 74,474.21 12/15/22
12/15/22 NATIONAL RURAL UTIL COOP

CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 0.00 1,058.96 1,058.96 50,000.00 12/15/22 12/15/22 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 520.33 520.33 140,000.00 12/15/22

Page 25 ends

For the Month Ending December 31, 2022Managed Account Security Transactions & Interest

INTEREST
12/15/22 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 0.00 70.42 70.42 325,000.00 12/15/22
12/15/22 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 0.00 94.25 94.25 195,000.00 12/15/22
12/15/22 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 694.75 694.75 210,000.00 12/15/22
12/15/22 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,414.88 1,414.88 245,000.00 12/15/22 12/15/22 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 0.00 81.13 81.13 295,000.00 12/15/22
12/16/22 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 0.00 48.17 48.17 85,000.00 12/16/22
12/16/22 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 1,104.58 1,104.58 275,000.00 12/16/22 12/18/22 TOYOTA MOTOR CREDIT CORP

CORPORATE NOTES
DTD 06/18/2021 1.125% 06/18/2026
89236TJK2 0.00 815.63 815.63 145,000.00 12/18/22
12/20/22 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0 0.00 23.38 23.38 85,000.00 12/20/22
12/20/22 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 0.00 11.96 11.96 35,000.00 12/20/22
12/21/22 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 0.00 73.33 73.33 100,000.00 12/21/22
12/28/22 AMERICAN HONDA FINANCE CORP
NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 0.00 4,800.00 4,800.00 400,000.00 12/27/22 12/30/22 TOYOTA MOTOR CREDIT CORP

CORPORATE NOTES
DTD 06/30/2022 3.950% 06/30/2025
89236TKC8 0.00 1,975.00 1,975.00 100,000.00 12/30/22 12/31/22 US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 0.00 5,296.88 5,296.88 2,825,000.00 12/31/22 12/31/22 US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 0.00 875.00 875.00 700,000.00 12/31/22

Page 26 ends

For the Month Ending December 31, 2022Managed Account Security Transactions & Interest

INTEREST
12/31/22 US TREASURY NOTES
DTD 06/30/2017 2.000% 06/30/2024
912828XX3 0.00 9,000.00 9,000.00 900,000.00 12/31/22 12/31/22 US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 0.00 4,375.00 4,375.00 500,000.00 12/31/22 42,776.02 42,776.02 0.00 9,695,027.60 Transaction Type Sub-Total

PAYDOWNS
12/25/22 FHMS KP05 A
DTD 12/01/2018 3.203% 07/01/2023
3137FKK39 5,553.39 0.00 5,553.39 0.02 0.00 5,553.39 12/01/22 12/15/22 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 4,394.30 0.00 4,394.30 0.46 0.00 4,394.30 12/15/22 12/15/22 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 4,043.85 0.00 4,043.85 0.87 0.00 4,043.85 12/15/22

0.00 0.00 1.35 13,991.54 13,991.54 13,991.54 Transaction Type Sub-Total SELL
12/07/22 US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 1,899,921.88 15,217.39 1,915,139.27 (230,703.12) (160,250.10) FIFO 2,000,000.00 12/05/22 15,217.39 (160,250.10)(230,703.12) 1,915,139.27 1,899,921.88 2,000,000.00 Transaction Type Sub-Total (40,152.99) 55,440.92 15,287.93 (230,701.77) (160,250.10)Managed Account Sub-Total Total Security Transactions ($230,701.77)$15,287.93 $55,440.92 ($40,152.99) ($160,250.10)

Page 27 ends

For the Month Ending December 31, 2022Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
53,691.54 Opening Balance
12/01/22 12/01/22 Purchase - Interest 46647PCH7 1.00 1,297.80 54,989.34 12/05/22 12/05/22 Purchase - Interest 023135BQ8 1.00 1,900.00 56,889.34 12/05/22 12/05/22 Purchase - Interest 3137EAFA2 1.00 375.00 57,264.34 12/06/22 12/06/22 Purchase - Interest 06051GKE8 1.00 1,721.25 58,985.59 12/07/22 12/07/22 Purchase - Interest 912828YY0 1.00 15,217.39 74,202.98 12/07/22 12/07/22 Purchase - Principal 912828YY0 1.00 1,899,921.88 1,974,124.86 12/07/22 12/07/22 Redemption - Principal 912828U24 1.00 (1,954,066.41) 20,058.45 12/07/22 12/07/22 Redemption - Interest 912828U24 1.00 (2,552.49) 17,505.96 12/09/22 12/09/22 Purchase - Interest 63254ABD9 1.00 4,375.00 21,880.96 12/15/22 12/15/22 Purchase - Interest 63743HFE7 1.00 1,058.96 22,939.92 12/15/22 12/15/22 Purchase - Interest 14041NGB1 1.00 1,414.88 24,354.80 12/15/22 12/15/22 Purchase - Interest 14314QAC8 1.00 47.67 24,402.47 12/15/22 12/15/22 Purchase - Interest 14318MAD1 1.00 694.75 25,097.22 12/15/22 12/15/22 Purchase - Interest 254683CP8 1.00 94.25 25,191.47 12/15/22 12/15/22 Purchase - Interest 44933LAC7 1.00 23.58 25,215.05 12/15/22 12/15/22 Purchase - Interest 44935FAD6 1.00 49.33 25,264.38 12/15/22 12/15/22 Purchase - Interest 65480BAC1 1.00 81.13 25,345.51 12/15/22 12/15/22 Purchase - Interest 65480JAC4 1.00 520.33 25,865.84 12/15/22 12/15/22 Purchase - Interest 89190GAC1 1.00 70.42 25,936.26 12/15/22 12/15/22 Purchase - Principal 14314QAC8 1.00 4,043.85 29,980.11 12/15/22 12/15/22 Purchase - Principal 44933LAC7 1.00 4,394.30 34,374.41

Page 28 ends

For the Month Ending December 31, 2022Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
12/16/22 12/16/22 Purchase - Interest 362554AC1 1.00 48.17 34,422.58 12/16/22 12/16/22 Purchase - Interest 36265QAD8 1.00 1,104.58 35,527.16 12/19/22 12/19/22 Purchase - Interest 89236TJK2 1.00 815.63 36,342.79 12/20/22 12/20/22 Purchase - Interest 36261RAD0 1.00 23.38 36,366.17 12/20/22 12/20/22 Purchase - Interest 380144AD7 1.00 11.96 36,378.13 12/21/22 12/21/22 Purchase - Interest 43815GAC3 1.00 73.33 36,451.46 12/23/22 12/23/22 IP Fees November 2022 1.00 (2,534.39) 33,917.07 12/23/22 12/23/22 U.S. Bank Fees October 2022 1.00 (163.20) 33,753.87 12/27/22 12/27/22 Purchase - Interest 3137BGK24 1.00 637.92 34,391.79 12/27/22 12/27/22 Purchase - Interest 3137FKK39 1.00 14.82 34,406.61 12/27/22 12/27/22 Purchase - Principal 3137FKK39 1.00 5,553.39 39,960.00 12/28/22 12/28/22 Purchase - Interest 02665WCZ2 1.00 4,800.00 44,760.00 12/30/22 12/30/22 Purchase - Interest 89236TKC8 1.00 1,975.00 46,735.00 12/30/22 01/03/23 Accrual Income Div Reinvestment - Distributions 1.00 135.41 46,870.41

Page 29 ends

For the Month Ending December 31, 2022Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate 46,870.41
46,870.41
46,870.41
37,010.35
1,710.02

0.00 (11,721,974.84)
11,513,668.57
255,176.68
135.41
46,870.41

0.00 (1,959,316.49)
1,952,495.36
53,691.54
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
December January-December

4.30%

Page 30 ends

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: February 14, 2023
Subject: Public Hearing and Election for Annexation Proceedings for Annexation No. 13 into Community Facilities District No. 2015-1 (Safety Services) Recommendation

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES), ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES), AND CALLING ELECTIONS THEREIN; and

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

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF THE CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) CERTIFYING THE RESULTS OF THE FEBRUARY 14, 2023 ANNEXATION AND SPECIAL TAX ELECTIONS.

Background
Tri Pointe Homes IE-SD, Inc. (the “Owner”) owns a vacant residential lot, including 140 residential lots, located at the northeast corner of Grand Avenue and Riverside Drive. To adequately mitigate public safety services needed to serve the residential property within TR 38116, the Owners have agreed to annex the property to Community Facilities District No. 2015-1 (“CFD No. 2015-1” or “District”) to finance police protection services (including but not limited to criminal justice services), fire protection and suppression services, and paramedic services (“Safety Services”) within the area of CFD No. 2015-1, which is necessary to serve new development within TR 38116. The development within the annexation area will encompass 140 residential properties.

CFD No. 2015-1 was formed by the City Council on March 8, 2016, according to the provisions of the Mello-Roos Community Facilities Act of 1982 (“Act”). On October 22, 2019, the City Council, acting as the legislative body of CFD No. 2015-1, adopted a resolution declaring its CFD No. 2015-1 Annexation No. 13
February 14, 2023

Page 2 of 2 ends

intention to annex the District into CFD No. 2015-1. The proceedings at this meeting will complete the proposed Annexation of property to CFD 2015-1.

The attached resolution will certify the election results on the Annexation of the Property to CFD No. 2015-1.

Documents to be Approved
Following the public hearing, approval of the first resolution will call for an election for the Annexation. The City has received a certificate from the Registrar of Voters certifying that less than 12 Registered Voters reside with the District during the 90 days before the time of the public hearing. Accordingly, the election to be held will be a landowner election, under which the landowners are the sole eligible voters within the District. Tri Pointe Homes IE-SD, Inc. has also executed consent and waiver to specific election law requirements and allowed the election to be conducted immediately following the public hearing.

Following the election, the City Council will be asked to certify the election results, and assuming the passage of the propositions, the property within the District will be annexed to CFD No. 2015- 1, and the City Clerk will be instructed to record a notice of special tax lien of CFD No. 2015-1 on the property within the District. After that, the property within the District will be subject to the special tax levy of CFD No. 2015-1.

Fiscal Impact
The Developer has made a deposit to pay for the costs of the Annexation.

CFD No. 2015-1 will annually levy special taxes on all of the taxable property within the District per the Rate and Method of Apportionment to pay for the costs of services and administration of CFD No. 2015-1.

Attachments
Attachment 1- Project Map
Attachment 2 - Resolution Calling the Election
Exhibit A - Rate and Method of Apportionment
Exhibit B - Ballot
Attachment 3 - Resolution Certifying Election Results
Exhibit A – Sample Ballot
Exhibit B - Certificate of Election Results
Attachment 4 - Certificate of Registrar of Voters
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CFD NO. 2015-1
ANNEXATION NO. 13

PROJECT MAP
RESOLUTION NO. 2023-_________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

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

SERVICES), ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES), AND CALLING ELECTIONS THEREIN Whereas, on March 8, 2016, the City Council (the “City Council”) of the City of Lake Elsinore adopted Resolution No. 2016-022, declaring its intention to establish Community Facilities District No. 2015-1 of the City of Lake Elsinore (Safety Services) (“Community Facilities District No. 2015- 1” or the “District”) pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”); and
Whereas, after a duly noticed public hearing, the City Council adopted Resolution No. 2016-035 (the “Resolution of Formation”) establishing Community Facilities District No. 2015-1 and calling a special election therein to authorize (i) the levy of special taxes pursuant to the rate and method of apportionment of the special tax, as set forth in Attachment “A” attached to the Resolution No. 2016-022 (the “Original Rate and Method”), and (ii) the establishment of an appropriations limit for Community Facilities District No. 2015-1; and
Whereas, pursuant to a petition signed by Chris Willis (“V.P. of Land Acquisition & Project Management”), on January 10, 2023, the City Council adopted Resolution No. 2023-001 (the “Resolution of Intention”), stating its intention to annex the territory described in Attachment “A” to the Resolution of Intention (the “Annexation Territory”) to the District; and Whereas, a notice of a public hearing to be held on February 14, 2023 was published and mailed to all landowners of the land proposed to be included within the Annexation Territory as required by law relative to the intention of the City Council to annex the Annexation Territory to the District and to levy a special tax in accordance with the Rate and Method (as defined below); and Whereas, on February 14, 2023, this City Council held a noticed public hearing as required by law relative to the proposed annexation of the Annexation Territory, the levy of special taxes therein in accordance with the attached as Attachment “B” to the Resolution of Intention (the “Rate and Method”), which Rate and Method is identical to the Original Rate and Method in all respects except that Appendix A thereto has been updated in accordance with the terms of the Original Rate and Method to reflect the annexation described herein; and Whereas, at the February 14, 2023 public hearing all persons desiring to be heard on all matters pertaining to the proposed annexation of the Annexation Territory to the District and the levy of the special taxes within the Annexation Territory in accordance with the Rate and Method were heard and a full and fair hearing was held; and
Whereas, at the public hearing, evidence was presented to the City Council on the matters before it, and the proposed annexation of the Annexation Territory to the District and the levy of special taxes within the Annexation Territory in accordance with the Rate and Method was not precluded by a majority protest of the type described in Section 53339.6 of the Act, and this City Council at the conclusion of the hearing is fully advised as to all matters relating to the annexation of the Annexation Territory and the levy of the special taxes in accordance with the Rate and Method; and
Whereas, the City Council has determined that there have been fewer than twelve registered voters residing in the Annexation Territory for the period of 90 days prior to December 28, 2022 and that the qualified electors in Annexation Territory are the landowners therein; and Whereas, on the basis of all of the foregoing, the City Council has determined at this time to proceed with the annexation of the Annexation Territory to the District and to call an election within the Annexation Territory to authorize the levy of special taxes pursuant to the Rate and Method;

NOW, THEREFORE, THE CITY COUNCIL OF CITY OF LAKE ELSINORE, CALIFORNIA,

ACTING HAS THE LEGISLATIVE BODY OF THE CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:

Section 1. Each of the above recitals is true and correct.

Section 2. The City Council hereby finds and determines that all prior proceedings taken with respect to the establishment of the District and the proposed annexation of the Annexation Territory to the District were valid and in conformity with the requirements of law, including the Act.

Section 3. The map showing the original boundaries of the District designated as “Map of Proposed Boundaries of Community Facilities District No. 2015-1 of the City of Lake Elsinore (Safety Services),” which map is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the City of County Book of Maps of Assessment and Community Facilities Districts in the Assessor-County Clerk-Recorder’s office of the County of Riverside in Book No. 79 Page Nos. 45-46, on March 14, 2016 as Instrument No. 2016-00978338.

The map showing the Annexation Territory proposed to be annexed to the District and be made subject to taxation are as shown which map is on file in the office of the City Clerk and was recorded pursuant to Sections 3111 and 3113 of the Streets and Highways Code in the City of County Book of Maps of Assessment and Community Facilities Districts in the Assessor-County Clerk-Recorder’s office of the County of Riverside in Book No. 90 Page No. 29, on January 17, 2023 as Instrument No. 2023-0011600.

Section 4. The City Council hereby adopts the Rate and Method attached as Attachment “C” to the Resolution of Intention as the applicable rate and method for the Annexation Territory.

Except where funds are otherwise available, it is the intention of the City Council, subject to the approval of the eligible voters within the Annexation Territory, to levy the proposed special taxes at the rates within the Annexation Territory set forth in the Rate and Method on all non-exempt property within the Annexation Territory sufficient to pay for (i) the Services (as defined in the Rate and Method), (ii) fund an operating reserve for the costs of Services as determined by the City, and (v) Administrative Expenses (as defined in the Rate and Method). The District expects to incur, and in certain cases has already incurred, Administrative Expenses in connection with the annexation of the Annexation Territory to the District. The rate and method of apportionment of the special tax applicable to the Annexation Territory is described in detail in Attachment “C” to the Resolution of Intention which is incorporated herein by this reference, and the City Council hereby finds that Attachment “C” to the Resolution of Intention contains sufficient detail to allow each landowner within the Annexation Territory to estimate the maximum amount that may be levied against each parcel. The special tax is apportioned to each parcel on the foregoing bases pursuant to Section 53325.3 of the Act and such special tax is not on or based upon the ownership of real property.

Section 5. The City’s Assistant City Manager will be responsible for preparing annually, or authorizing a designee to prepare, a current roll of special tax levy obligations by assessor’s parcel number and will be responsible for estimating future special tax levies pursuant to Section 53340.2 of the Act. The special tax may be levied for such period as the Services are needed, as further described in Attachment “A” hereto.

Section 6. Upon recordation of a notice of special tax lien pursuant to Section 3114.5 of the Streets and Highways Code, a continuing lien to secure each levy of the special tax shall attach to all non-exempt real property in the Annexation Territory and this lien shall continue in force and effect until the levy of the special tax by the District ceases in accordance with the Rate and Method.

Section 7. Consistent with Section 53325.6 of the Act, the City Council finds and determines that the land within the Annexation Territory, if any, devoted primarily to agricultural, timber or livestock uses and being used for the commercial production of agricultural, timber or livestock products is contiguous to other land within the Annexation Territory and will be benefited by the Services proposed to be provided within Community Facilities District No. 2015-1 and the Annexation Territory.

Section 8. It is hereby further determined that there is no ad valorem property tax currently being levied on property within the Annexation Territory for the exclusive purpose of paying for the same services as are proposed to be provided by Community Facilities District No. 2015-1.

Section 9. Written protests against the annexation of the Annexation Territory to the District and the levy of the special tax therein have not been filed by one-half or more of the registered voters within the boundaries of the Annexation Territory to the District or by the property owners of one-half or more of the area of land within the boundaries of the Annexation Territory. The City Council hereby finds that the proposed special tax for the Annexation Territory has not been precluded by a majority protest pursuant to Section 53324 of the Act.

Section 10. An election is hereby called for the Annexation Territory on the propositions of annexation to the District and the levying the special tax on the property within such Annexation Territory, pursuant to Section 53339.7 of the Act. The propositions to be placed on the ballot for the Annexation Territory are attached hereto as Attachment “B.” Section 11. The date of the foregoing elections for each Proposed Annexation Territory shall be February 14, 2023, or such later date as is consented to by the City Clerk and the landowners within the Annexation Territory. The City Clerk shall conduct the elections. Except as otherwise provided by the Act, the elections shall be conducted by personally delivered or mailed ballot and, except as otherwise provided by the Act, the elections shall be conducted in accordance with the provisions of law regulating elections of the City insofar as such provisions are determined by the City Clerk to be applicable.

Section 12. It is hereby found that there are not more than twelve registered voters within the territory of the Annexation Territory, and, pursuant to Section 53339.7 of the Act, each landowner who is the owner of record on the date hereof, or the authorized representative thereof, shall have one vote for each acre or portion thereof that he or she owns within the Annexation Territory.

Section 13. This Resolution shall be effective upon its adoption.

PASSED and ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, this 14th day of February, 2023.

Natasha Johnson, Mayor
ATTEST:

Candice Alvarez, MMC, City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2023-____ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of February 14, 2023, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Candice Alvarez, MMC, City Clerk
Exhibit A
City of Lake Elsinore Page 1
Community Facilities District No. 2015-1 (Safety Services)

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES)

OF THE CITY OF LAKE ELSINORE

A Special Tax (the “Special Tax”) shall be levied on and collected from each Assessor’s Parcel (defined below) in Community Facilities District No. 2015-1 (Safety Services ) (the “CFD No. 2015-1” or “CFD”; defined below), in each Fiscal Year, (defined below), commencing in the Fiscal Year beginning July 1, 2016, in an amount determined by the City Council of the City of Lake Elsinore , acting in its capacity as the legislative body of CFD No. 2015-1, by applying the rate and method of apportionment set forth below.

All of the real property in CFD No. 2015-1, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

A. DEFINITIONS

“Administrative Expenses” means the actual or reasonably estimated costs directly related to the formation, annexation, and administration of CFD No. 2015-1 including, but not limited to: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whe ther by the City or designee thereof or both); the costs to the City, CFD No. 2015-1, or any designee thereof associated with fulfilling the CFD No. 2015-1 reporting requirements; the costs associated with responding to public inquiries regarding the Speci al Taxes; the costs of the City, CFD No. 2015-1 or any designee thereof related to an appeal of the Special Tax; and the City's annual administration fees and third party expenses. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 2015-1 for any other administrative purposes of CFD No. 2015-1, including attorney's fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes.

“Administrator” means the City Manager of the City of Lake Elsinore, or his or her designee.

“Assessor’s Parcel” means a lot or parcel of land that is identifiable by an Assessor’s Parcel Number by the County Assessor of the County of Riverside.

“Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.

“Assessor’s Parcel Number” means th e identification number assigned to a parcel by the County Assessor of the County of Riverside.

“CFD” or “CFD No. 2015-1” means the City of Lake Elsinore Community Facilities District No. 2015-1 (Safety Services).

“City” means the City of Lake Elsinore.

“County” means the County of Riverside.

“Developed Property” means all Assessor’s Parcels of Taxable Property for which a building permit for new construction has been issued on or prior to March 1 pre ceding the Fiscal Year in which the Special Tax is being levied.

“Developed Multi-Family Property” means all Assessor's Parcels of Developed Property for which a building permit or use permit for the construction of a residential structure with two or more Exhibit A
City of Lake Elsinore Page 2
Community Facilities District No. 2015-1 (Safety Services) Residential Units that share a single Assessor's Parcel N umber, as determined by the Administrator, has been issued prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied.

“Developed Single Family Property” means any residential property other than a Developed Multi - Family Property on an Assessor’s Parcel for which a building permit for new construction has been issued by the City on or prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied.

“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section E.

“Fiscal Year” means the period from and including July 1 st of any year to and including the following
June 30th.

“Maximum Special Tax” means the M aximum Special Tax, as applicable, levied within the CFD for any Fiscal Year.

“Future Annexation Area” means any area included inside the boundaries of the proposed boundary map included in Appendix C.

“Proportionately” means for Taxable Property , that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Assessor’s Parcels.

“Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator.

“Residential Property” means all Assessor’s Parcels of Taxable Property upon which completed Residential Units have been constructed or for which building permits have been or may be issued for purposes of constructing one or more Residential Units.

“Services” means services permitted under the Mello -Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2015-1 as set forth in Appendix B.

“Special Tax” means the Special Tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property.

"Special Tax Requirement" means the amount to be collected in any Fiscal Year to pay for certain costs as required to meet the public safety needs of CFD No. 2015-1 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for (i) police protection services, (ii) fire protection and suppression services, (iii) paramedic services, (iv) fund an operating reserve for the costs of Services as determined by the Administrator, and (v) Administrative Expenses.

Under no circumstances shall the Special Tax Requirement include funds for bonds. "Taxable Property" means all Assessor’s Parcels within CFD No. 2015-1, which are not E xempt Property.

“Taxable Unit” means a Residential Unit.

Exhibit A
City of Lake Elsinore Page 3
Community Facilities District No. 2015-1 (Safety Services) B. RATE AND METHOD OF APPORTIONMENT OF MAXIMUM SPECIAL TAX RATES

As of July 1 of each Fiscal Year, commencing July 1, 2016, the Council shall determine the Special Tax Requirement and shall levy the Special Tax upon each of the Assessor’s Parcels within the CFD which constitute a Developed Single Family Property or a Developed Multi -Family Property until the aggregate amount of Special Tax equals the Special Tax Requirement. The Special Tax shall be levied Proportionately on all Assessor’s Parcels of Developed Property up to 100% of the applicable Maximum Special Tax to satisfy the Special Tax Requirement.

T he Maximum Special Tax for Fiscal Year 2016-2017 for a Developed Single Family Property and a Developed Multi-Family Property are shown below in Table 1.

TABLE 1

MAXIMUM SPECIAL TAX RATES
FISCAL YEAR 2016-2017

Description
Taxable
Unit
Maximum
Special Tax
Developed Single Family Property RU $685
Developed Multi-Family Property RU $419

Increase in the Maximum Special Tax

On each July 1, commencing on July 1, 201 7 the Maximum Special Tax for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by four percent (4.0%), whichever is greater.

No Special Tax shall be levied on property which, at the time of adoption of the Resolution of Formation for CFD No. 2015-1 is an Exempt Property.

C. FUTURE ANNEXATIONS

It is anticipated that additional properties will be annexed to CFD No. 2015-1 from time to time.

Pursuant to California Government Code section 53339 et seq., the rate and method adopted for the annexed property shall reflect the Maximum Special Tax rate at the then current year’s Maximum Special Tax rate as set forth in Appendix A.

D. TERM OF SPECIAL TAX

For each Fiscal Year, the Maximum Special Taxes shall be levied as long as the Services are being provided within the boundaries of CFD No. 2015-1.

E. EXEMPTIONS

The City shall classify as Exempt Property within CFD No. 2015-1, any Assessor’s Parcel in any of the following categories; (i) Assessor’s Parcels which are owned by, irrevocably offered for dedication, Exhibit A
City of Lake Elsinore Page 4
Community Facilities District No. 2015-1 (Safety Services) encumbered by or restricted in use by any public entity; (ii) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement; (iii) Assessor’s Parcels which are privately owned but are encumbered by or restricted solely for public uses; (iv) any Assessor’s Parcel which is in use in the performance of a public function as determined by the Administrator; or (v) any Assessor’s Parcel which is not a Developed Single Family Property or a Developed Multi-Family Property.

F. APPEALS

Any property owner claiming that the amount or application of the Special Taxes are not correct may file a written notice of appeal with the City not later than twelve months after having paid the first installment of the Special Tax that is disputed. The Administrator shall promptly review the appeal, and if necessary, meet with the property owner, consider written and oral evidence regarding the amount of the Special Tax, and rule on the appeal. If the Administrator’s decision re quires that the Special Tax for an Assessor’s Parcel be modified or changed in favor of the property owner, a cash refund shall not be made, but an adjustment shall be made to the Special Tax on that Assessor’s Parcel in the subsequent Fiscal Year(s).

G. MANNER OF COLLECTION

The Maximum Special Tax es levied in each Fiscal Year shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penalties and the same procedure, sale, and lien priority in case of delinquency as is provided for ad valorem taxes.

However, the District may collect the Special Tax at a different time or in a different manner if necessary to meet its financial obligations.

The Maximum Special Taxes when levied shall be secured by the lien imposed pursuant to Section 3115.5 of the Streets and Highways Code. This lien shall be a continuing lien and shall secure each levy of Maximum Special Taxes. The lien of Maximum Special Taxes shall continue in force and effect until the Special Tax ceases to be levied in the manner provided by Section 53330.5 of the Government Code.

Exhibit A
City of Lake Elsinore Page 5
Community Facilities District No. 2015-1 (Safety Services)

APPENDIX A

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-1
(SAFETY SERVICES)

ANNEXATION SUMMARY

Safety Services - It is estimated that the cost of providing police, fire protection, and paramedic services being funded by the Special Tax for the Community Facilities District No. 2015-1 (Safety Services) will be as follows for the Fiscal Year 2016-2017:
 $685 per residential unit for Developed Single Family Residential Property  $419 per residential unit for Developed Multi-Family Residential Property

Annual Escalation - On each July 1, commencing on July 1, 2017 the Maximum Special Tax for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by four percent (4.0%), whichever is greater.

Annex.
#
Fiscal
Year Tract
Development
Name
No. of
Taxable
Units
Land Use
Category
Maximum
Special
Tax at Annex. Subdivider
Original 2016-17 36557 Terracina 452 Developed Single
Family Property $685.00
Terracina Investors, LLC
& C/O Spectrum
Communities
Original 2016-17 36682 Senterra 74 Developed Single
Family Property $685.00 Pardee Homes
1 2016-17 33486 Makenna Court 81 Developed Single
Family Property $685.00 SAM-McKenna
2 2016-17 28214
-6, -7, -8
Skypointe at
Alberhill Ranch 82 Developed Single
Family Property $685.00 KB Homes
3 2018-19 31957 Running Deer 96 Developed Single
Family Property $740.90 SAM-Running Deer
4 2018-19 37381 &
37382 Wasson Canyon II 272 Developed Single
Family Property $740.90 Ava Karras
5 2019-20 33267 Westlake 163 Developed Single
Family Property $770.53 Pardee Homes
6 2019-20 37305 Nichols Ranch 168 Developed Single
Family Property $770.53 Nichols RD Partners, LLC
7 2020-21 30698 &
32129 Rosetta Hills 178 Developed Single
Family Property $801.35
Three Strands Properties
& Spectrum
Communities
8 2021-22 33370 Tessera 90 Developed Single
Family Property $833.41 JLJ, LP
9 2021-22 33725 &
25475
Tuscany Valley/
Crest 335 Developed Single
Family Property $833.41 Shopoff Realty
Investment
10 2021-22 38008 Ridgeline at
Westridge 60 Developed Single
Family Property $833.41 Tri Pointe Homes
11 2021-22 38214-9 Alberhill Ranch 344 Developed Single Family Property $833.41 Alberhill Development,
LLC
12 2022-23 37280 Lakeshore 140 Developed Single
Family Property $917.08 Lake Elsinore Lakeshore,
LLC & Erin Crowder
13 2022-23 38116 Lakeside 140 Developed Single
Family Property $917.08 Tri Pointe Homes IE-SD,
Inc.

Exhibit A
City of Lake Elsinore Page 6
Community Facilities District No. 2015-1 (Safety Services)

PPENDIX B

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-1
(SAFETY SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES

The services which may be funded with proceeds of the special tax of CFD No. 2015-1, as provided by Section 53313 of the Act, will include some or all of the costs attributable to public safety.

These services includ e police protection services (including but not limited to criminal justice services ), fire protection and suppression services, and paramedic services.

In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses” as said term is defined in the Rate and Method of Apportionment and to establish an operating reserve for the costs of services as determined by the Administrator.

The above services shall be limited to those provided within the boundaries of CFD No. 2015-1 and the Future Annexation Area of CFD No. 2015-1 or for the benefit of the properties within the boundaries of CFD No. 2015-1 and the Future Annexation Area of CFD No. 2015-1, as the boundary is expanded from time to time by anticipated annexations, and said services may be financed by proceeds of the special tax of CFD No. 2015-1 only to the extent that they are in addition to those provided in the territory of CFD No. 2015-1 before CFD No. 2015-1 was created.

Exhibit A
City of Lake Elsinore Page 7
Community Facilities District No. 2015-1 (Safety Services)

APPENDIX C

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES)

PROPOSED BOUNDARIES AND BOUNDARIES - FUTURE ANNEXATION AREA

Exhibit B

SPECIAL TAX ELECTION

CITY OF LAKE ELSINORE

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) ANNEXATION NO. 13

(February 14, 2023)
This ballot is for the use of the authorized representative of the following owner of land within Annexation No. 13 of the Community Facilities District No. 2015-1 (Safety Services) (“CFD No. 2015-1”) of the City of Lake Elsinore:

Name of Landowne
r
Number of Acres
Owned Total Votes
Tri Pointe Homes IE-SD, Inc. 34.81 35

According to the provisions of the Mello-Roos Community Facilities Act of 1982, and resolutions of the City Council (the “Council”) of the City of Lake Elsinore (the “City”), the above-named landowner is entitled to cast the number of votes shown above under the heading “Total Votes,” representing the total votes for the property owned by said landowner. The City has sent the enclosed ballot to you so that you may vote on whether or not to approve the special tax.

This special tax ballot is for the use of the property owner of the parcels identified below, which parcels are located within the territory proposed to be annexed to the CFD No. 2015-1, City of Lake Elsinore, County of Riverside, State of California. Please advise the City Clerk, at (951) 674- 3124 x 261 if the name set forth below is incorrect or if you are no longer one of the owners of these parcels. This special tax ballot may be used to express either support for or opposition to the proposed special tax. To be counted, this special tax ballot must be signed below by the owner or, if the owner is not an individual, by an authorized representative of the owner. The ballot must then be delivered to the City Clerk, either by mail or in person, as follows:

Mail
Delivery: If by mail, place ballot in the return envelope provided, and mail no later than January 31, 2023, two calendar weeks prior to the date set for the election. Mailing later than this deadline creates the risk that the special tax ballot may not be received in time to be counted.

Personal
Delivery: If in person, deliver to the City Clerk at any time up to 7:00 p.m. on February 14, 2023, at the Clerk’s office at 130 N Main St. Lake Elsinore, CA 92530.

However delivered, this ballot must be received by the Clerk prior to the close of the public meeting on February 14, 2023.

Very truly yours,

Candice Alvarez, MMC,
City Clerk
Exhibit B
TO CAST THIS BALLOT, PLEASE RETURN THIS ENTIRE PAGE.

OFFICIAL SPECIAL TAX BALLOT

Name & Address of Property Owner: Assessor’s Parcel Number(s):

Tri Pointe Homes IE-SD, Inc.

Attn: Chris Willis
1250 Corona Pointe Court, Suite 600
Corona, CA 92879

379-060-005, 379-060-022, 379-060-027

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) ANNEXATION NO. 13

AN “X” OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT

PROPOSITION A: Shall the territory described in Attachment “A” of Resolution No. 2023-001 of the City Council of the City of Lake Elsinore be annexed to Community Facilities District No. 2015-1 of the City of Lake Elsinore (Safety Services)?
MARK “YES” OR “NO”
WITH AN “X”:

YES _________
NO _________

PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Attachment “B” to Resolution No. 2023- 001 of the City Council of the City of Lake Elsinore be levied to pay for the Services and other purposes described in Resolution No. 2016-035?
MARK “YES” OR “NO”
WITH AN “X”:

YES _________
NO _________

Certification for Special Election Ballot

The undersigned is an authorized representative of the above-named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above-named landowner.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed on ____________, 20__.

Chris Willis
Vice President

Signature

Print Name

Title
RESOLUTION NO. 2023-_________

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF THE CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) CERTIFYING THE RESULTS OF THE FEBRUARY 14, 2023

ANNEXATION AND SPECIAL TAX ELECTIONS
Whereas, the City Council (the “City Council”) of City of Lake Elsinore (the “City”) called and duly held consolidated elections on February 14, 2023 within the boundaries of certain territory (the “Annexation Territory”) described in Attachment “A” to Resolution No. 2023-001 adopted by the City Council on January 10, 2023, which territory is to be annexed to Community Facilities District No. 2015-1 (Safety Services) of the City of Lake Elsinore (“Community Facilities District No. 2015- 1” or the “District”) pursuant to Resolution No. 2023-001 for the purpose of presenting to the qualified electors within the Annexation Territory the propositions attached hereto as Attachment A; and
Whereas, there has been presented to this City Council a certificate of the City Clerk canvassing the results of the election, a copy of which is attached hereto as Attachment B;

NOW, THEREFORE, THE CITY COUNCIL OF CITY OF LAKE ELSINORE, CALIFORNIA,

ACTING AS THE LEGISLATIVE BODY OF THE CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:

Section 1.Each of the above recitals is true and correct and is adopted by the legislative body of the District.

Section 2.Propositions A and B presented to the qualified electors of the Annexation Territory on February 14, 2023 were approved by more than two-thirds of the votes cast at the election held for the Annexation Territory and Propositions A and B each has carried. The City Council, acting as the legislative body of the District, is hereby authorized to levy on the land within the Annexation Territory, which is hereby annexed to the District in accordance with Proposition A, the special tax described in Proposition B for the purposes described therein.

Section 3.The City Council, acting as the legislative body of the District, is hereby authorized to take the necessary steps to levy the special tax authorized by Proposition B in accordance with Ordinance No. 2016-1356 approved by the City Council, acting as the legislative body of the District.

Section 4. The City Clerk is hereby directed to record in the Office of the County Recorder within fifteen days of the date hereof a notice of special tax lien for the Annexation Territory which Bond Counsel to the District shall prepare in the form required by Streets and Highways Code Section 3114.5.

ATTACHMENT D-2
PASSED and ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, this 14th day of February 2023.

Natasha Johnson, Mayor
ATTEST:

Candice Alvarez, MMC, City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Candice Alvarez, MMC,
City Clerk
ATTACHMENT “A”
SAMPLE

SPECIAL TAX ELECTION

CITY OF LAKE ELSINORE

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) ANNEXATION NO. 13
(February 14, 2023)
This ballot is for the use of the authorized representative of the following owner of land within Annexation No. 13 of the Community Facilities District No. 2015-1 (Safety Services) (“CFD No. 2015-1”) of the City of Lake Elsinore:

Name of Landowner
Number of Acres
Owned Total Votes
Tri Pointe Homes IE-SD, Inc. 34.81 35
According to the provisions of the Mello-Roos Community Facilities Act of 1982, and resolutions of the City Council (the “Council”) of the City of Lake Elsinore (the “City”), the above-named landowner is entitled to cast the number of votes shown above under the heading “Total Votes,” representing the total votes for the property owned by said landowner. The City has sent the enclosed ballot to you so that you may vote on whether or not to approve the special tax.

This special tax ballot is for the use of the property owner of the parcels identified below, which parcels are located within the territory proposed to be annexed to the CFD No. 2015-1, City of Lake Elsinore, County of Riverside, State of California. Please advise the City Clerk, at (951) 674-3124 x 261 if the name set forth below is incorrect or if you are no longer one of the owners of these parcels. This special tax ballot may be used to express either support for or opposition to the proposed special tax. To be counted, this special tax ballot must be signed below by the owner or, if the owner is not an individual, by an authorized representative of the owner. The ballot must then be delivered to the City Clerk, either by mail or in person, as follows:

Mail
Delivery:If by mail, place ballot in the return envelope provided, and mail no later than January 31, 2023, two calendar weeks prior to the date set for the election. Mailing later than this deadline creates the risk that the special tax ballot may not be received in time to be counted.

Personal
Delivery:If in person, deliver to the City Clerk at any time up to 7:00 p.m. on February 14, 2023, at the Clerk’s office at 130 N Main St. Lake Elsinore, CA 92530.

However delivered, this ballot must be received by the Clerk prior to the close of the public meeting on February 14, 2023.

Very truly yours,
Candice Alvarez, MMC,
City Clerk
ATTACHMENT D-2
TO CAST THIS BALLOT, PLEASE RETURN THIS ENTIRE PAGE.

OFFICIAL SPECIAL TAX BALLOT
Name & Address of Property Owner: Assessor’s Parcel Number(s):

Tri Pointe Homes IE-SD, Inc.

Attn: Chris Willis
1250 Corona Pointe Court, Suite 600
Corona, CA 92879
379-060-005, 379-060-022, 379-060-027

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) ANNEXATION NO. 13
AN “X” OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT PROPOSITION A: Shall the territory described in Attachment “A” of Resolution No. 2023-001 of the City Council of the City of Lake Elsinore be annexed to Community Facilities District No. 2015-1 of the City of Lake Elsinore (Safety Services)?
MARK “YES” OR “NO”
WITH AN “X”:

YES _________
NO _________
PROPOSITION B: Shall a special tax with a rate and method of apportionment as provided in Attachment “B” to Resolution No. 2023- 001 of the City Council of the City of Lake Elsinore be levied to pay for the Services and other purposes described in Resolution No. 2016-035?
MARK “YES” OR “NO”
WITH AN “X”:

YES _________
NO _________
Certification for Special Election Ballot
The undersigned is an authorized representative of the above-named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above-named landowner.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed on ____________, 20__.

Chris Willis
Vice President
Signature
Print Name
Title
ATTACHMENT “B”

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-1 (SAFETY SERVICES) ANNEXATION NO. 13

CERTIFICATE OF ELECTION RESULTS
I, the undersigned, being the Deputy City Clerk or the Acting City Clerk, as the case may be, hereby certify:

In connection with the special mailed-ballot election called by the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) on this same date in the proceedings of the City Council for the annexation of territory to the above-entitled community facilities district, I personally received (a) a signed and dated waiver and consent form and (b) a signed, dated and marked election ballot(s) on behalf of the owner(s) listed below, the entity named as the sole landowner of the land within the boundary of the above-entitled community facilities district in the Certificate Regarding Registered Voters and Landowners, dated December 28, 2022, and on file in the office of the City Clerk of the City in connection with the City Council actions on that date.

Copies of the completed waiver and consent form and the completed ballot received by me and on file in my office are attached hereto.

Following such receipt, I have personally, and in the presence of all persons present, reviewed the ballot to confirm that it is properly marked and signed, and I hereby certify the result of that count to be that the ballot was cast in favor of the measure.

Based upon the foregoing, all votes that were cast having been cast “Yes”, in favor of the ballot measures, the measures has therefore passed.

PROPOSITION A PROPOSITION B
Landowner
Qualified
Landowner
Votes
Votes
Cast YES NO YES NO
Tri Pointe Homes IE-SD, Inc. 35 35
Total 35 35
I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed on ____________, 2023.

Candice Alvarez, MMC
City Clerk
City of Lake Elsinore
By:

Page 1 of 3 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: February 14, 2023
Subject: Public Hearing and Election for Annexation Proceedings for Annexation No. 18 into Community Facilities District No. 2015-2 (Maintenance Services) for Lakeside
Recommendation

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, CALLING AN ELECTION TO SUBMIT TO THE QUALIFIED ELECTORS THE

QUESTION OF LEVYING A SPECIAL TAX WITHIN THE AREA PROPOSED TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 18);

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

CALIFORNIA, DECLARING ELECTION RESULTS FOR COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 18); and

3. Introduce AN ORDINANCE AMENDING ORDINANCE NO. 2016-1359 OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE

CITY OF LAKE ELSINORE (MAINTENANCE SERVICES) AUTHORIZING THE LEVY OF SPECIAL TAXES.

CFD No. 2015-2 Annexation No. 18
February 14, 2023

Page 2 of 3 ends

Background/Discussion
On January 10, 2023, the City Council adopted Resolution No. 2023-002, declaring its intention to annex territory to Community Facilities District No. 2015-2 (Maintenance Services) and commence the annexation proceedings for the territory to be annexed, also known as Annexation No. 18. A public hearing was set for February 14, 2023. Following such a public hearing, if there is no majority protest against the annexation and the special tax levy, the City Clerk will conduct an election for the landowners and declare the election results.

As required by the Resolution of Intention, an annexation map was recorded on January 10, 2023, at 8:55 a.m. in Book 90, Page 30, Document No. 2023-0011601 of Maps of Assessment and Community Facilities Districts with the Riverside County Recorder.

Tri Pointe Homes IE-SD, Inc. (the "Owner"). The City Council adopted the Resolution of Intention in response to a request by the Owners for the City to assist them in annexing territory into CFD No. 2015-2 (Maintenance Services) to cover the costs associated with the maintenance of public improvements. The improvements proposed to be maintained items such as landscaping, lighting, street maintenance, parks, and graffiti abatement. The Applicants have agreed to the annexation into the CFD and submitted a "Consent and Waiver" form on file in the City Clerk's Office to initiate and conduct proceedings according to the Mello-Roos Act of 1982, requesting the annexation of property to CFD No. 2015-2 (Maintenance Services) and consenting to the shortening of election time requirements, waiving analysis and arguments, and waiving all notice requirements relating to the conduct of the election.

The original area proposed within Annexation No. 18 will encompass 140 detached single-family residential lots. The territory proposed to be annexed into CFD No. 2015-2 will be included in Tax Zone 21. The proposed maximum tax rate is $387 per unit per year for Special Tax A and $82 per unit per year for Special Tax B. The maximum annual tax rates are proposed to escalate yearly at the greater Consumer Price Index (CPI) or 2%.

To annex property to CFD No. 2015-2 under the provisions of California Government Code Section 53311 et seq., the City must adopt a series of three statutorily required Resolutions and an Ordinance, which are summarized below.
•Resolution declaring the City's intent to annex territory to Community Facilities District No. 2015-2, including the boundary of the area to be annexed and the rate and method of apportionment of special taxes within the annexation area (the special tax applies only to properties within the annexation area), adopted January 10, 2023. •Resolution calling an election to submit to the qualified electors the question of levying a special tax within the area proposed to be annexed to the District. •Resolution declaring the election results and directing the recording of the notice of special tax lien.
•Amend the Ordinance and order the levy and collection of special taxes in the District.

CFD No. 2015-2 Annexation No. 18
February 14, 2023

Page 3 of 3 ends

With the adoption of the Resolutions and the first reading of the amended Ordinance, the second reading of the amended Ordinance would be scheduled for February 28, 2023.

Fiscal Impact
On March 1 of each year, every taxable property for which a building permit has been issued will be subject to special taxes in the ensuing Fiscal year. Suppose the anticipated costs of maintaining the facilities in any given Fiscal Year before the project's buildout exceeds the special tax revenues available from parcels for which building permits have been issued. In that case, the special tax may also be on undeveloped property within the Tax Zone.

Once developed, the Special Tax A for Tax Zone 21 will generate $54,112 annually, plus the annual escalator for maintenance services.

Attachments
Attachment 1- Project Map
Attachment 2 - Resolution Calling the Election
Exhibit A - Rate and Method of Apportionment
Exhibit B - Ballot
Attachment 3 - Resolution Certifying Election Results
Exhibit A - Certificate of Election Results
Attachment 4 - Certificate of Registrar of Voters
Attachment 5 - Ordinance
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CFD NO. 2015-2
ANNEXATION NO. 18

PROJECT MAP
RESOLUTION NO. 2023-_________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, CALLING AN ELECTION TO SUBMIT TO THE QUALIFIED

ELECTORS THE QUESTION OF LEVYING A SPECIAL TAX WITHIN THE AREA PROPOSED TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 18)
Whereas, on September 22, 2015 the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) approved Resolution No. 2015-078 declaring the City’s intention to establish Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California (the "CFD No. 2015-2") for the purpose of levying special taxes on parcels of taxable property therein for the purpose of providing certain services which are necessary to meet increased demands placed upon the City as a result of the development of said real property; and
Whereas, the City Council set a public hearing for September 22, 2015 after which the Council adopted Resolution No. 2015-078 forming the CFD No. 2015-2 and calling a special election at which the questions of levying a special tax and establishing an appropriations limit with respect to the CFD No. 2015-2 were submitted to the qualified electors within the CFD No. 2015-2; and Whereas, on September 22, 2015, the City Council adopted Resolution No. 2015-079 declaring the results of the special election and finding that more than two-thirds (2/3) of all votes cast at the special election were cast in favor of the proposition presented, and such proposition passed; and
Whereas, the City Council is authorized by Article 3.5 (commencing with Section 53339) of Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code as amended (the "Act"), to annex territory into an existing community facilities district by complying with the procedures set forth in said Article 3.5; and
Whereas, the City Council on January 10, 2023 duly adopted Resolution No. 2023-002 (the “Resolution of Intention”) declaring its intention to annex certain territory to CFD No. 2015-2 (Maintenance Services) and to levy a special tax within that territory to pay for certain services and setting a time and place for the public hearing on the proposed annexation for February 14, 2023; and
Whereas, the territory proposed to be annexed is identified in a map entitled "Annexation Map No. 18 Community Facilities District No. 2015-2 (Maintenance Services)" a copy of which was recorded, on January 17, 2023, in Book 90 of Maps of Assessment and Community Facilities Districts at Page 30, in the office of the Riverside County Recorder; and Whereas, pursuant to the Act and the Resolution of Intention, a noticed public hearing was convened by the City Council on February 14, 2023, not earlier than the hour of 7:00 p.m. at the City Hall located at 183 N Main Street, Lake Elsinore, California 92530, relative to the proposed annexation of said territory to CFD No. 2015-2; and
Whereas, written protests have not been filed by fifty percent (50%) or more of the registered voters residing within the CFD No 2015-2, or by fifty percent (50%) or more of the registered voters residing within the territory to be annexed, or by the owners of one-half (1/2) or more of the CC Res. No. 2023-_____

Page 2 of 5 ends

area within the CFD No. 2015-2, or by the owners of one-half (1/2) or more of the territory to be annexed; and
Whereas, the City Council has determined that there are fewer than twelve registered voters residing in the territory proposed to be annexed to the CFD No. 2015-2 and that the qualified electors in such territory are the landowners; and
Whereas, on the basis of all of the foregoing, the City Council has determined at this time to call an election to authorize the annexation of territory to the CFD No. 2015-2 and the levying of a special tax as described in Exhibit A hereto; and
Whereas, the City Council has received a written instrument from each landowner in the territory proposed to be annexed to the CFD No. 2015-2 consenting to the shortening of election time requirements, waiving analysis and arguments, and waiving all notice requirements relating to the conduct of the election; and
Whereas, the City Clerk has concurred in the election date set forth herein.

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, ACTING EX OFFICIO AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, DETERMINE AND ORDER AS FOLLOWS:

Section 1. Recitals. The foregoing recitals are true and correct.

Section 2.Conformation of Finding in Resolution of Intention. The City Council reconfirms all of its findings and determinations as set forth in the Resolution of Intention.

Section 3.Findings Regarding Protests. The City Council finds and determines that written protests to the proposed annexation of territory to the CFD No. 2015-2 and the levy of the special tax within such territory are insufficient in number and in amount under the Act, and the City Council hereby further orders and determines that all such protests are hereby overruled.

Section 4.Findings Regarding Prior Proceedings. The City Council finds and determines that all prior proceedings had and taken by the City Council with respect to the annexation of territory to CFD No. 2015-2 are valid and in conformity with the requirements of the Act.

Section 5. Levy of Special Tax. As stated in the Resolution of Intention, except where funds are otherwise available, subject to the approval of the qualified electors of territory proposed to be annexed to CFD No. 2015-2, a special tax sufficient to pay the costs of the Services (including incidental expenses as described in the Resolution of Intention), secured by recordation of a continuing lien against all nonexempt real property in CFD No. 2015-2, will be levied annually in CFD No. 2015-2. The rate and method of apportionment, and manner of collection of the special tax are specified in Exhibit A hereto.

Section 6. Apportionment of Tax. The special tax as apportioned to each parcel is based on the cost of making the Services available to each parcel, or other reasonable basis, and is not based on or upon the ownership of real property.

Section 7.Tax Roll Preparation. The office of the Assistant City Manager, 130 South Main Street, City of Lake Elsinore, is hereby designated as the office that will be responsible for CC Res. No. 2023-_____

Page 3 of 5 ends

annually preparing a current roll of special tax levy obligations by assessor’s parcel number and that will be responsible for estimating future special tax levies pursuant to Government Code section 53340.2. The Assistant City Manager may cause these functions to be performed by his or her deputies, assistants, or other designated agents.

Section 8. Accountability Measures. Pursuant to Section 50075.1 of the California Government Code, the City shall create a separate account into which tax proceeds will be deposited; and the Assistant City Manager annually shall file a report with the City Council that will state (a) the amount of funds collected and expended and (b) the status of the Services financed in CFD No. 2015-2.

Section 9. Special Election; Voting Procedures. The City Council hereby submits the questions of levying the special tax within the territory proposed to be annexed to the qualified electors, in accordance with and subject to the Act. The special election shall be held on February 14, 2023, and shall be conducted as follows:
(a) Qualified Electors. The City Council hereby determines that the Services are necessary to meet increased demands placed upon the City as a result of development occurring within the boundaries of CFD No. 2015-2. Because fewer than twelve registered voters resided within the territory proposed to be annexed to CFD No. 2015-2 on December 28, 2022 (a date within the 90 days preceding the close of the public hearing on the territory proposed to be annexed to CFD No. 2015-2), the qualified electors shall be the landowners within territory proposed to be annexed, and each landowner who was the owner of record at the close of the hearing shall have one vote for each acre or portion of an acre of land that such landowner owns within the territory proposed to be annexed to CFD No. 2015-2. (b) Consolidation of Elections; Combination of Propositions on Ballot. The election on the question of levying the special tax and establishing an appropriations limit for CFD No. 2015-2 shall be consolidated, and the two proportions shall be combined into a single ballot proposition for submission to the voters, as authorized by Government Code Section 53353.5. (c) Mail Ballot Election. Pursuant to Government Code section 53327.5, the election shall be conducted as a mail ballot election. The City Council hereby ratifies the City Clerk’s delivery of a ballot to each landowner within the territory proposed to be annexed to CFD No. 2015-2. The City Council hereby ratifies the form of the ballot, which is attached hereto as Exhibit B.
(d) Return of Ballots. The City Clerk shall accept the ballots of the landowners up to 7:00 p.m. on February 14, 2023. The City Clerk shall have available ballots that may be marked at the City Clerk’s office on the election day by voters. Once all qualified electors have voted, the City Clerk may close the election.
(e) Canvass of Election. The City Clerk shall commence the canvass of the returns of the special election as soon as the election is closed (on February 14, 2023, or when all qualified electors have voted) at the City Clerk’s office. At the conclusion of the canvass, the City Clerk shall declare the results of the election.
(f) Declaration of Results. The City Council shall declare the results of the special election following the completion of the canvass of the returns and shall cause to be inserted into its minutes a statement of the results of the special election as ascertained by the canvass of the returns.

CC Res. No. 2023-_____

Page 4 of 5 ends

Section 10. Filing of Resolution and Map with City Clerk. The City Council hereby directs the City Clerk to file a copy of this resolution and the annexation map of the boundaries of CFD No. 2015-2 in her office.

PASSED and ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, this 14th day of February 2023.

Natasha Johnson, Mayor
ATTEST:

Candice Alvarez, MMC
City Clerk
CC Res. No. 2023-_____

Page 5 of 5 ends

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Candice Alvarez, MMC
City Clerk

EXHIBIT A
City of Lake Elsinore 1
Community Facilities District No. 2015-2 (Maintenance Services)

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

OF THE CITY OF LAKE ELSINORE

A Special Tax (the “Special Tax”) shall be levied on and collected from each Assessor’s Parcel (defined below) in Community Facilities District No. 2015-2 (Maintenance Services) (the “CFD No. 2015 -2” or “CFD”; defined below), in each Fiscal Year, (defined below), commencing in the Fiscal Year beginning July 1, 2015, in an amount determined by the City Council of the City of Lake Elsinore, acting ex officio as the legislative body of CFD No. 2015- 2, by applying the rate and method of apportionment set forth below.

All of the real property in CFD No. 2015-2, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

A. DEFINITIONS

“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on any Assessor’s Parcel Map, or if the land area is not shown on the Assessor’s Parcel Map, the land area as shown on the applicable Final Map, or if the area is not shown on the applicable Final Map, the land area shall be calculated by the Administrator.

“Administrative Expenses” means the actual or reasonably estimated costs directly related to the formation, annexation, and administration of CFD No. 2015-2 including, but not limited to: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or both); the costs to the City, CFD No. 2015-2, or any designee thereof associated with fulfilling the CFD No. 2015-2 disclosure requirements; the costs associated with responding to public inqui ries regarding the Special Tax es; the costs of the City, CFD No. 2015-2 or any designee thereof related to an appeal of the Special Tax; and the City's annual administration fees including payment of a proportional share of salaries an d benefits of any City employees and City overhead whose duties are related to the administration and third party expenses. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 2015 -2 for any other administrative purposes of CFD No. 2015-2, including attorney's fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes.

“Administrator” means the City Manager of the City of Lake Elsinore, or his or her designee.

“Approved Property” means all Assessor’s Parcels of Taxable Property that are included in a Final Map that was recorded prior to the March 1 preceding the Fiscal Year in which the Special Tax is being levied, and that have not been issued a building permit on or prior to the March 1 preceding the Fiscal year in which the special tax is being levied.

“Assessor’s Parcel” means a lot or parcel of land that is identifiable by an Assessor’s Parcel Number by the County Assessor of the County of Riverside.

“Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.

“Assessor’s Parcel Number” means that identification number assigned to a parcel by the County Assessor of the County.

EXHIBIT A
City of Lake Elsinore 2
Community Facilities District No. 2015-2 (Maintenance Services) “Building Square Footage” or “BSF” means the floor area square footage reflected on the original construction building permit issued for construction of a building of Non-Residential Property and any Building Square Footage subsequently added to a building of such Taxable Property after issuance of a building permit for expansion or renovation of such building.

“Calendar Year” means the period commencing January 1 of any year and ending the following December 31.

“CFD” or “CFD No. 2015-2” means the City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services).

“City” has the meaning set forth in the preamble.

“Contingent Special Tax B Requirement” means that amount required in any Fiscal Year, if the P OA is unable to maintain the Service(s) to: (i) pay the costs of Services incurred or otherwise payable in the Calendar Year commencing in such Fiscal Year; (ii) fund an operating reserve for the costs of Services as determined by the Administrator; less a credit for funds available to reduce the annual Special Tax B (Contingent) levy as determined by the Administrator.

“County” means the County of Riverside.

“Developed Property” means all Assessor’s Parcels of Taxable Property for which a building permit for new construction has been issued on or prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied.

“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section G.

“Final Map” means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to California Civil Code 1352 that creates individual lots for which building permits may be issued without further subdivision.

“Fiscal Year” means the period from and including July 1 st of any year to and including the following
June 30th.

“Land Use Category” or “LUC” means any of the categories contained in Section B hereof to which an Assessor’s Parcel is assigned consistent with the land use approvals that have been received or proposed for the Assessor’s Parcel as of March 1 preceding the Fiscal Year in which the Special Tax is being levied.

“Maximum Special Tax ” means either Maximum Special Tax A and/ or Maximum Special Tax B (Contingent), as applicable.

“Maximum Special Tax A” means the Maximum Special Tax A, as determin ed in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.

EXHIBIT A
City of Lake Elsinore 3
Community Facilities District No. 2015-2 (Maintenance Services) “Maximum Special Tax B (Contingent) ” means the Maximum Special Tax B (Contingent) , as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.

“Multi-Family Residential Property” means any Assessor’s Parcel of residential property that consists of a building or buildings comprised of attached Residential Units sharing at least one common wall with another unit.

“Non-Residential Property” or “NR” means all Assessor's Parcels of Taxable Property for which a building permit(s) was issued for a non -residential use. The Administrator shall make th e determination if an Assessor’s Parcel is Non-Residential Property.

“Property Owner’s Association” or “POA” means the property owner’s association or homeowner’s association established to maintain certain landscaping within a Tax Zone.

“Proportionately” means for Taxable Property that is: (i) Developed Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Developed Property with the same Tax Zone, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Approved Property with the same Tax Zone , and (iii) Undeveloped Proper ty that the ratio of the actual Special Tax levy per acre to the Maximum Special Tax per acre is the same for all Parcels of Undeveloped Property with the same Tax Zone.

“Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator.

“Service(s)” means services permitted under the Mello -Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2015- 2 as set forth in the documents adopted by the City Council at the time the CFD was formed.

“Single Family Residential Property” means any residential property other than Multi-Family Residential Property on an Assessor’s Parcel.

“Special Tax(es)” means the Special Tax A and/or Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property.

“Special Tax A” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax A Requirement.

"Special Tax A Requirement" means for each Tax Zone, that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs for such Tax Zone of CFD No. 2015 -2 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for maintenance services including but not limited to (i) maintenance and lighting of parks, parkways, streets, roads and open space, (ii) maintenance and o peration of water quality improvements, (iii) public street sweeping, (iv) fund an operating reserve for the costs of Services as determined by the Administrator, and (v) Administrative Expenses. Under no circu mstances shall the Special Tax A Requirement include funds for Bonds.

EXHIBIT A
City of Lake Elsinore 4
Community Facilities District No. 2015-2 (Maintenance Services) “Special Tax B (Contingent)” means the Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Contingent Special Tax B Requirement, if required.

"Taxable Property" means all Assessor’s Parcels within CFD No. 2015-2, which are not Exempt Property.

“Taxable Unit” means a Residential Unit, Building Square Footage, or an Acre. "Tax Zone" means a mutually exclusive geographic area, within which particular Special Tax rates may be levied pursuant to this Rate and Method of Apportionment of Special Tax. Appendix C identifies the Tax Zone in CFD No. 2015-2 at formation; additional Tax Zones may be created when property is annexed into the CFD.

"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as Tax Zone 1.

"Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.

“Undeveloped Property” means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Approved Property.

B. ASSIGNMENT TO LAND USE CATEGORIES
For each Fiscal Year, all Assessor’s Parcels of Taxable Property within CFD No. 2015-2 shall be classified as Developed Property, Approved Property, or Undeveloped Property, and shall be subject to the levy of Special Taxes as determined pursuant to Sections C and D below. Assessor’s Parcels of Developed Property and Approved Property shall be classified as either Residential Property or Non-Residential Property. Residential Property shall be further classified as Single Family Residential Property or Multi-Family Residential Property and the number of Residential Units shall be determined by the Administrator.

C. MAXIMUM SPECIAL TAX RATES
For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Residential Property, all such Assessor’s Parcels shall be assigned the number of Residential Unit(s) constructed or to be constructed thereon as specified in or sh own on the building permit(s) issued or Final Map as determined by the Administrator. For Parcels of undeveloped property zoned for development of single family attached or multi- family units, the number of Residential Units shall be determined by referen cing the condominium plan, apartment plan, site plan or other development plan, or by assigning the maximum allowable units permitted based on the underlying zoning for the Parcel. Once a single family attached or multi- family building or buildings have b een built on an Assessor's Parcel, the Administrator shall determine the actual number of Residential Units contained within the building or buildings, and the Special Tax A levied against the Parcel in the next Fiscal Year shall be calculated by multiplying the actual number of Residential Un its by the Maximum Special Tax per Residential Unit identified for the Tract below or as included in Appendix A as each Annexation occurs.

EXHIBIT A
City of Lake Elsinore 5
Community Facilities District No. 2015-2 (Maintenance Services) For purposes of determining the applicable Maximum Special Tax for Assessor’s P arcels of Developed Property and Approved Property which are classified as Non -Residential Property, all such Assessor’s Parcels shall be assigned the number of Building Square Footage or Acres as shown on the Final Map as determined by the Administrator. Once the Administrator determines the actual number of Building Square Footage or Acres for the Assessor’s Parcels, the Special Tax A levied against the Assessor’s Parcel in the next Fiscal Year shall be calculated by multiplying the number of Building Sq uare Footage or Acres by the Maximum Special Tax per Taxable Unit identified for the Tax Zone below or as included in Appendix A as each Annexation occurs.

1. Special Tax A
a. Developed Property
(i) Maximum Special Tax A
The Maximum Special Tax A for each Assessor’s Parcel of Developed Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zones annexed and included in Appendix A. The Maximum Special Tax A for Developed Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 1 below:

TABLE 1

MAXIMUM SPECIAL TAX A RATES

DEVELOPED PROPERTY

Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121

(ii) Increase in the Maximum Special Tax A
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982 -84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

(iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax A that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax A that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.

b. Approved Property
The Maximum Special Tax A for each Assessor’s Parcel of Approved Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Approved property Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 2 below:

EXHIBIT A
City of Lake Elsinore 6
Community Facilities District No. 2015-2 (Maintenance Services) TABLE 2

MAXIMUM SPECIAL TAX A RATES

APPROVED PROPERTY

Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121

On each July 1, commencing on July 1, 201 6 the Maximum Special Tax A for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

c. Undeveloped Property
The Maximum Special Tax A for each Assessor’s Parcel of Undeveloped Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Undeveloped Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 3 below:

TABLE 3

MAXIMUM SPECIAL TAX A RATES

UNDEVELOPED PROPERTY

Tax Zone Tracts Taxable Unit Maximum Special Tax A
1 LLA-2014-2743 Acre $121

On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

2. Special Tax B (Contingent)

(i) Maximum Special Tax B (Contingent)
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 1 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for each Tax Zones annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015 - 2016 within Tax Zone 1 is identified in Table 4 below:

TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

DEVELOPED PROPERTY

Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0

EXHIBIT A
City of Lake Elsinore 7
Community Facilities District No. 2015-2 (Maintenance Services) (ii) Increase in the Maximum Special Tax B (Contingent) On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

(iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Cate gory. The Maximum Special Tax B (Contingent) that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax B (Contingent) that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan appr oved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.

b. Approved Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 5 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A.

The Maximum Special Tax B (Contingent) for Fiscal Year 2015 -2016 within the Tax Zone is identified in Table 5 below:

TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

APPROVED PROPERTY

Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0

On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982 -84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

c. Undeveloped Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 6 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A.

The Maximum Special Tax B (Contingent) for Fiscal Year 2015 -2016 within the Tax Zone is identified in Table 6 below:

EXHIBIT A
City of Lake Elsinore 8
Community Facilities District No. 2015-2 (Maintenance Services) TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

UNDEVELOPED PROPERTY

Tax Zone
Tracts Taxable Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Acre $0

On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

1. Special Tax A
Commencing with Fiscal Year 2015 -2016 and for each following Fiscal Year, the Council s hall determine the Special Tax A Requirement and shall levy the Special Tax A on all Assessor’s Parcels of Taxable Property until the a ggregate amount of Special Tax A equals the Special Tax A Requirement for each Tax Zone. The Special Tax A shall be levied for each Fiscal Year as follows:

Second: I f additional moneys are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first step has been completed, the Special Tax A shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax A for Approved Property;

Third: If additional monies are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first two steps has b een completed, the Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax A for Undeveloped Property.

2. Special Tax B (Contingent)
Commencing with Fiscal Year 2015 -2016 and for each following Fiscal Year, the Council s hall determine the Contingent Special Tax B Requirement and shall levy the Special Tax on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax B (Contingent) equals the Contingent Special Tax B Requirement. The Special Tax B (Contingent) shall be levied for each Fiscal Year as follows:

Second: I f additional moneys are needed to satisfy the Contingent Special Tax B Requirement after the first step has been completed, the Special Tax B (Contingent) shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Approved Property;

EXHIBIT A
City of Lake Elsinore 9
Community Facilities District No. 2015-2 (Maintenance Services)

Third: If additional monies are needed to satisfy the Contingent Special Tax B Requirement after the first two steps has been completed, the Special Tax B (Contingent) shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Undeveloped Property.

E. FUTURE ANNEXATIONS
It is anticipated that additional properties will be annexed to CFD No. 2015-2 from time to time. As each annexation is proposed, an analysis will be prepared to determine the annual cost for providing Services. Based on this analysis, the property to be annexed, pursuant to California Government Code section 53339 et seq. will be assigned to the appropriate Maximum Special Tax rate for the Tax Zone when annexed and included in Appendix A.

F. TERM OF SPECIAL TAX
For each Fiscal Year, the Special Taxes shall be levied as long as the Services are being provided.

G. EXEMPTIONS
The City shall classify as Exempt Property within CFD No. 2015 -2, any Assessor’s Parcel in any of the following categories; (i) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by any public entity; (ii) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement; (iii) Assessor’s Parcels which are privately owned but are encumbered by or restricted solely for public uses; or (iv) any Assessor’s Parcel which is in use in the performance of a public function as determined by the Administrator.

H. APPEALS
Any property owner claiming that the amount or application of the Special Taxes are not correct may file a written notice of appeal with the City not later than twelve months after having paid the first installment of the Special Tax that is disputed. A representative(s) of CFD No. 2015 -2 shall promptly review the appeal, and if necessary, meet with the property owner, consider written and oral evidence regarding the amount of the Special Tax, and rule on the appeal. If the representative’s decision requires that the Special Tax for an Assessor’s Parcel be modified or changed in favor of the property owner, a cash refund shall not be made, but an adjustment shall be made to the Special Tax on that Assessor’s Parcel in the subsequent Fiscal Year(s).

I. MANNER OF COLLECTION
The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2015-2 may collect the Special Tax at a different time or in a different manner if necessary to meet its financial obligations.

EXHIBIT A
City of Lake Elsinore 10
Community Facilities District No. 2015-2 (Maintenance Services)

APPENDIX A

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

COST ESTIMATE

Special Tax A Services - The estimate breaks down the costs of providing one year's maintenance services for Fiscal Year 2022 -23. These services are being funded by the levy of Special Tax A for Community Facilities District No. 2015-2.

TAX ZONE 21
TR 38116

Item Description Estimated Cost
1 Landscaping $2,202
2 Lighting $2,376
3 Streets $4,852
4 Parks $33,520
5 Graffiti $589
6 Reserves $4,042
7 Admin $6,531
Total $54,112

Special Tax B Contingent Services – The estimate in the table below breaks down the costs of providing one year’s contingent services for Fiscal Year 2022 -23. If necessary, these services will be funded by the levy of Special Tax B (Contingent) for Community Facilities District No. 2015-2 Tax Zone 21.

TAX ZONE 21 (CONTINGENT SERVICES)
TR 38116

Item Description Estimated Cost
1 Drainage $9,188
2 Reserves $919
3 Admin $1,378
Total $11,485

TAX ZONE 21
FY 2022-23 MAXIMUM SPECIAL TAX RATES

DEVELOPED PROPERTY AND APPROVED PROPERTY

Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Single Family Residential RU $387 $82
Non-Residential Property Acre $4,964 $1,054

EXHIBIT A
City of Lake Elsinore 11
Community Facilities District No. 2015-2 (Maintenance Services) TAX ZONE 21
FY 2022-23 MAXIMUM SPECIAL TAX RATES

UNDEVELOPED PROPERTY

Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Acre $4,964 $1,054

EXHIBIT A
City of Lake Elsinore 12
Community Facilities District No. 2015-2 (Maintenance Services)

TAX ZONE SUMMARY

Annexation
Tax
Zone
Tract
APN
Fiscal
Year
Maximum
Special Tax A
Maximum
Special Tax B

Subdivider
Original 1 LLA-2014-2743 2015-16 $121 / Acre $0 / Acre Tractor Supply 1 2 36682 2016-17 $354 / RU $102 / RU Pardee Homes
2 3 PM 29996 2017-18 $951 / Acre $165 / Acre Pasadena Industrial Park, LLC 3 4 PM 36551 2017-18 $2,671 / Acre $201 / Acre ARI Chaney Street, LLC 4 5 TR 32996 2017-18 $378 / RU $321 / RU LE Cottage Lane, LLC 5 6 365-030-001 2018-19 $1,004/ Acre $0 / Acre Lake Elsinore CCR, LLC 6 7 TR 33267 2019-20 $350 / RU $56 / RU Pardee Homes
7 8 PM 37284 2019-20 $1,953 / Acre $0 / Acre Central Plaza 8 9 TR 37305 2019-20 $951 / RU $384 / RU Nichols Rd Partners, LLC 8 10 TR 37305; Lot 169 2019-20 $2,600 / Acre $0 / Acre Nichols Rd Partners, LLC 9 11 TR 32129 & 30698 2020-21 $541 / RU $69 / RU
Donald S. Clurman &
Three Strands Properties, LLC &
Spectrum Communities, LLC
10 12 TR 33370 2021-22 $294 / RU $30 / RU JLJ. LLC
11 13 PM 37534 2021-22 $1,113 / Acre $0 / Acre SRZ Yuma, LLC 12 14 TR 33725 2021-22 $749 / RU $87 / RU SPT-AREP III Tuscany Associates 12 15 TR 25475 2021-22 $594 / RU $62 / RU SPT-AREP III Tuscany Associates 13 16 LLA 2019-007 2021-22 $407 / Acre $0 / Acre Wal-Mart Real Estate Business Trust
14 17 TR 38008 2021-22 $366 / RU $123 / RU Tri Pointe Homes IE-SD, Inc. 15 18 TPM 37751 2021-22 $2,188 / Acre $2,540 / Acre Boos-Up Lake Elsinore 16 19 PM 37710 2021-22 $1,034 / Acre $0 / Acre Pennington Industrial, LLC 17 20 TR 37280 2022-23 $323 / RU $5 / RU Lake Elsinore Lakeshore, LLC and Erin Crowder
18 21 TR 38116 2022-23 $387 / RU $82 / RU Tri Pointe Homes IE-SD, Inc.

ESCALATION OF MAXIMUM SPECIAL TAXES
On each July 1, commencing on July 1, 20 16 the Maximum Special Tax shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

EXHIBIT A
City of Lake Elsinore 13
Community Facilities District No. 2015-2 (Maintenance Services)

APPENDIX B

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES

The services which may be funded with proceeds of the special tax of CFD No. 2015- 2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right-of-ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights and traffic signals ; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and

(b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filt ers, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right -of-way including the removal of pet roleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and

(c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015-2; as well as local roads within residential subdivisions located within CFD No. 2015-2; and any portions adjacent to the properties within CFD No. 2015-2; and

In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate a nd Method of Apportionment.

The above services shall be limited to those provided within the boundaries of CFD No. 2015-2 or for the benefit of the properties within the boundaries of CFD No. 2015-2, as the boundary is expanded from time to time by antici pated annexations, and said services may be financed by proceeds of the special tax of CFD No. 2015-2 only to the extent that they are in addition to those provided in the territory of CFD No. 2015-2 before CFD No. 2015-2 was created.

EXHIBIT A
City of Lake Elsinore 14
Community Facilities District No. 2015-2 (Maintenance Services)

APPENDIX C

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

PROPOSED BOUNDARIES AND POTENTIAL ANNEXATION AREA BOUNDARIES

EXHIBIT B

SPECIAL TAX ELECTION

CITY OF LAKE ELSINORE

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) ANNEXATION NO. 18

(February 14, 2023)
This ballot is for the use of the authorized representative of the following owner of land within Annexation No. 18 of the Community Facilities District No. 2015-2 (Maintenance Services) (“CFD No. 2015-2”) of the City of Lake Elsinore:

Name of Landowner
Number of Acres
Owned Total Votes
Tri Pointe Homes IE-SD, Inc. 34.81 35

According to the provisions of the Mello-Roos Community Facilities Act of 1982, and resolutions of the City Council (the “Council”) of the City of Lake Elsinore (the “City”), the above- named landowner is entitled to cast the number of votes shown above under the heading “Total Votes,” representing the total votes for the property owned by said landowner. The City has sent the enclosed ballot to you so that you may vote on whether or not to approve the special tax.

This special tax ballot is for the use of the property owner of the parcels identified below, which parcels are located within the territory proposed to be annexed to the CFD No. 2015-2, City of Lake Elsinore, County of Riverside, State of California. Please advise the City Clerk, at (951) 674-3124 x 261 if the name set forth below is incorrect or if you are no longer one of the owners of these parcels. This special tax ballot may be used to express either support for or opposition to the proposed special tax. To be counted, this special tax ballot must be signed below by the owner or, if the owner is not an individual, by an authorized representative of the owner. The ballot must then be delivered to the City Clerk, either by mail or in person, as follows:

Personal
Delivery: If in person, deliver to the City Clerk at any time up to 7:00 p.m. on February 14 , 2023, at the Clerk’s office at 130 N Main St. Lake Elsinore, CA 92530.

However delivered, this ballot must be received by the Clerk prior to the close of the public meeting on February 14, 2023.

Very truly yours,

Candice Alvarez, MMC,
City Clerk

EXHIBIT B
TO CAST THIS BALLOT, PLEASE RETURN THIS ENTIRE PAGE.

OFFICIAL SPECIAL TAX BALLOT

Name & Address of Property Owner: Assessor’s Parcel Number(s):

Tri Pointe Homes IE-SD, Inc.

Attn: Chris Willis
1250 Corona Pointe Court, Suite 600
Corona, CA 92879

379-060-005, 379-060-022, 379-060-027

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) ANNEXATION NO. 18

AN “X” OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT

SPECIAL TAX BALLOT MEASURE MARK “YES” OR “NO”
WITH AN “X”:

Shall the City Council of the City of Lake Elsinore be authorized to levy a special tax on an annual basis at the rates and apportioned as described in Exhibit C to the Resolution Declaring its Intention to Annex Territory to Community Facilities District No. 2015 -2 (Maintenance Services) adopted by the City Council on January 10, 2023 (the “Resolution”), which is incorporated herein by this reference, within the territory identified on the map entitled “Annexation Map No. 18 of Community Facilities District No. 2015-2 (Maintenance Services) City of Lake Elsinore” to finance certain services as set forth in Section 4 to the Resolution (including incidental expenses) and shall an appropriation limit be established for Community Facilities District No. 2015-2 (Maintenance Services) in the amount of special taxes collected?
YES _________

NO _________

Certification for Special Election Ballot

The undersigned is an authorized representative of the above- named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above-named landowner.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed on ____________, 20__.

Chris Willis
Vice President

Signature

Print Name

Title
RESOLUTION NO. 2023-_________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA DECLARING ELECTION RESULTS FOR COMMUNITY
FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)
(ANNEXATION NO. 18)
Whereas, the City Council (the "City Council") of the City of Lake Elsinore (the "City") has heretofore conducted proceedings for the area proposed to be annexed to Community Facilities District No. 2015-2 (Maintenance Services) (the "CFD No. 2015-2") of the City of Lake Elsinore, including conducting a public hearing pursuant to Section 53339.5 of the Government Code; and Whereas, at the conclusion of said public hearing, the City Council adopted a resolution calling a special election for February 14, 2023, and submitting to the qualified electors of the territory to be annexed to the CFD No. 2015-2 the question of levying special taxes on parcels of taxable property therein for the purpose of providing certain services which are necessary to meet increased demands placed upon the City as a result of the development of said real property as provided in the form of special election ballot; and
Whereas, a Certificate of Election Results, attached thereto as Exhibit A, dated February 14, 2023, executed by the City Clerk (or, in the absence of the City Clerk, the Acting City Clerk – in either case, the “Clerk”), has been filed with this Council, certifying that a completed ballot has been returned to the Clerk for each landowner-voter(s) eligible to cast a ballot in said special election, with all votes cast as “Yes” votes in favor of the ballot measure, and further certifying on said basis that the special mailed-ballot election was closed; and Whereas, this Council has received, reviewed and hereby accepts the Clerk’s Certificate of Election Results and wishes by this resolution to declare the results of the special mailed-ballot election;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE:

Section 1.Recitals. This Council finds and determines that the foregoing recitals are true and correct.

Section 2.Ballot Measure. This Council hereby finds, determines and declares that the ballot measure submitted to the qualified electors of the territory to be annexed to CFD No. 2015-2 has been passed and approved by those qualified electors in accordance with Sections 53328 and 53329 of the Government Code.

Section 3.Annexation. This Council hereby finds, determines and declares that pursuant to Section 53339.8 of the Government Code, the City Council is authorized to determine that the territory to be annexed has been added to and become a part of the CFD No. 2015-2 with full legal effect, and the City Council is also authorized, pursuant to said Section 53339.8, to annually levy special taxes within the territory to be annexed to pay the costs of the services to be provided by the CFD No. 2015-2 as specified in Resolution No. 2023-002 adopted by the City Council on January 10, 2023. The boundaries of the territory annexed are shown on the map entitled, "Annexation Map No. 18 Community Facilities District No. 2015-2 (Maintenance Services)" a copy CC Res. No. 2023-_____

Page 2 of 3 ends

of which was recorded, on January 17, 2023, in Book 90 of Maps of Assessment and Community Facilities Districts Page 30, in the office of the Riverside County Recorder.

Section 4.Notice of Special Tax Lien. Pursuant to Section 53339.8 of the Government Code and Section 3117.5 of the Streets and Highways Code, the City Clerk shall cause to be filed with the County Recorder of the County of Riverside an amendment of the notice of special tax lien and a map of the amended boundaries of the CFD No. 2015-2 including the annexed territory.

Section 5.Effect. This resolution shall take effect from and after its adoption.

PASSED and ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, this 14th day of February 2023.

Natasha Johnson, Mayor
ATTEST:

Candice Alvarez, MMC
City Clerk
CC Res. No. 2023-_____

Page 3 of 3 ends

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Candice Alvarez, MMC
City Clerk

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) ANNEXATION NO. 18

CERTIFICATE OF ELECTION RESULTS
I, the undersigned, being the Deputy City Clerk or the Acting City Clerk, as the case may be, hereby certify:

Copies of the completed waiver and consent form and the completed ballot received by me and on file in my office are attached hereto.

Based upon the foregoing, all votes that were cast having been cast “Yes”, in favor of the ballot measure, the measure has therefore passed.

Landowner
Qualified
Landowner Votes Votes Cast YES NO
Erin Crowder 35 35
Total 35 35
I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed on ____________, 2023.

Candice Alvarez, MMC
City Clerk
City of Lake Elsinore
By:

(Attach completed copies of Waiver/Consent and Ballots)

ORDINANCE NO. 2023-___
AN ORDINANCE AMENDING ORDINANCE NO. 2016-1359 OF THE

CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA,

ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF
COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF

LAKE ELSINORE (MAINTENANCE SERVICES) AUTHORIZING THE

LEVY OF SPECIAL TAXES
WHEREAS, pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”), on July 28, 2015, the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) adopted Resolution No. 15-078 establishing Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California (the "CFD No. 2015-2") for the purpose of levying special taxes on parcels of taxable property therein for the purpose of providing certain services (the “Services”), which are necessary to meet increased demands placed upon the City and are described in Exhibit A attached hereto; and
WHEREAS, on May 10, 2016, the City Council adopted Ordinance No. 2016-1359 entitled, “An Ordinance of the City of Council of the City of Lake Elsinore, California, acting in its capacity as the legislative body of Community Facilities District No. 2015-2 of the City of Lake Elsinore (Maintenance Services) authorizing the levy of special tax” (“Ordinance No. 2015-1359”), pursuant to which the City Council levied special taxes with the CFD No. 2015-2; and WHEREAS, on January 10, 2023, the City Council adopted Resolution No. 2023-002 entitled “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 a Special Taxes Therein” (the “Resolution of Intention”) declaring its intention to annex certain territory to the CFD No. 2015-2 and to levy special taxes within that territory to provide the Services as described in the Resolution of Intention and setting a special public hearing on the proposed annexation for February 14, 2023; and WHEREAS, notice was published as required by the Act relative to the intention of the City Council to annex certain territory to the CFD No. 2015-2, to levy special taxes therein to provide the Services, and to set the time and place of said public hearing; and
WHEREAS, on February 14, 2023, at the time and place specified in said published notice, the City Council opened and held a public hearing as required by the Act relative to the annexation of territory in to the CFD No. 2015-2, the levy of the special taxes therein, and the provision of Services by the CFD No. 2015-2; and
WHEREAS, at said public hearing all persons desiring to be heard on all matters pertaining to the annexation of territory to the CFD No. 2015-2, the levy of the special taxes therein, and the provision of Services therein were heard, and a full and fair hearing was held; and WHEREAS, subsequent to said public hearing, the City Council adopted Resolution No. 23-___ entitled “A Resolution of the City Council of the City of Lake Elsinore, California, Calling an Election to Submit to the Qualified Electors the Question of Levying a Special Tax Within the Area Proposed to be Annexed to Community Facilities District No. 2015-2 (Maintenance Services) (Annexation No. 18)” (the “Resolution Calling the Election”) on February 14, 2023, wherein the City Council submitted the question of levying a special tax in territory proposed to be annexed to the CFD No. 2015-2 at the rate and according to the method of apportionment described therein; and
WHEREAS, at said special election on February 14, 2023, the qualified electors of the territory proposed to be annexed to the CFD No. 2015-2 approved said propositions as described in the Resolution Calling the Special Election by more than the two-thirds vote required by the Act; and Ordinance No. 2023-____

Page 2 of 23 ends

WHEREAS, subsequent to said special election, the City Council adopted Resolution No. 23-___ entitled “A Resolution of the City Council of the City of Lake Elsinore, California, Declaring the Election Results for Community Facilities District No. 2015-2 (Maintenance Services) (Annexation No. 18)” wherein the City Council determined that the territory proposed to be annexed was added to the CFD No. 2015-2 (such territory being referred to herein as “Annexation No. 18”).

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, DOES ORDAIN AS FOLLOWS:

Section 1.Recitals. The foregoing recitals are true and correct.

Section 2.Amendment to Exhibit B of Ordinance No. 2016-1359. Ordinance No. 2016-1359 is hereby amended by including Exhibit B to Ordinance No. 2016-1359 attached hereto.

Section 3.Amendment to Section 2 of Ordinance No. 2016-1359. Section 2 of Ordinance No. 2016-1359 is hereby amended by deleting it in its entirety and replacing it with the following:

Section 2.By the passage of this Ordinance, the City Council authorizes and levies special taxes within the District which are subject to taxation which are identified in Exhibit B attached hereto, pursuant to Sections 53328 and 53340 of the Act at the rates and in accordance with the rate and method of apportionment set forth in Exhibit A attached hereto, which is incorporated by reference herein (the “Rate and Method”). The special taxes are hereby levied commencing the fiscal year specified in the Rate and Method and in each fiscal year thereafter so long as the services authorized to be finance by the District, are provided through such financing within the District.

Section 4.Future Annexations. The annexation of additional territory into the CFD No. 2015- 2 was contemplated as part of the adoption of Resolution No. 15-066. The boundaries of the territory within which any property may annex to the CFD No. 2015-2 are more particularly described and shown on that certain map entitled “Boundaries – Potential Annexation Area Community Facilities District No. 2015-2 (Maintenance Services) City of Lake Elsinore, County of Riverside, State of California,” as recorded on August 19, 2015 in Book 78 of Maps of Assessment and Community Facilities District, at Page 74, and as Document No. 2015-0369598 in the official records of the County of Riverside. Following a public hearing and the adoption of resolutions required by the Act for any additional annexations of property within said potential annexation area, Revised Exhibit B of Ordinance No. 2016-1359 shall be further amended to include any additional territory annexed to the CFD No. 2015-2. The City Council hereby authorizes and directs the officers, employees, and agents of the City to take all actions and do all things which they, or any of them, may deem necessary or desirable to accomplish the purposes of this Section 4 of this Ordinance to further include Exhibit B to Ordinance No. 2016-1359.

Section 5.Severability. If for any reason any portion of this Ordinance is found to be invalid, or if the special taxes found inapplicable to any particular parcel within the CFD No. 2015-2, by a court of competent jurisdiction, the balance of this Ordinance and the application of the special tax to the remaining parcels within the CFD No. 2015-2 shall not be affected.

Section 6.Authorization to Publish Ordinance. The Mayor shall sign this Ordinance and the City Clerk shall attest thereto and shall, within fifteen (15) days of its adoption, cause it or a summary of it to be published at least once in The Press Enterprise, a newspaper of general circulation published and circulated in the City and the CFD No. 2015-2.

Section 7. Effective Date. This Ordinance shall take effect and shall be in force thirty (30) days after the date of its adoption, at which time Revised Exhibit B will include Exhibit B to Ordinance No. 2016-1359 and Section 2 of Ordinance No. 2016-1359 will be amended as described herein.

Ordinance No. 2023-____

Page 3 of 23 ends

PASSED AND ADOPTED by the City Council of the City of Lake Elsinore at a regular meeting held on 28th day of February 2023 by the following vote:

Natasha Johnson, Mayor
ATTEST: APPROVED AS TO FORM:
___________________________
Candice Alvarez, MMC Barbara Liebold
City Clerk City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Ordinance No. 2023-____ was introduced at the regular City Council meeting of February 14, 2023, and adopted at the regular meeting of February 28, 2023, by the following roll call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Candice Alvarez, MMC
City Clerk

EXHIBIT A

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

OF THE CITY OF LAKE ELSINORE
A Special Tax (the “Special Tax”) shall be levied on and collected from each Assessor’s Parcel (defined below) in Community Facilities District No. 2015-2 (Maintenance Services) (the “CFD No. 2015-2” or “CFD”; defined below), in each Fiscal Year, (defined below), commencing in the Fiscal Year beginning July 1, 2015, in an amount determined by the City Council of the City of Lake Elsinore, acting ex officio as the legislative body of CFD No. 2015-2, by applying the rate and method of apportionment set forth below.

All of the real property in CFD No. 2015-2, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

A. DEFINITIONS
“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on any Assessor’s Parcel Map, or if the land area is not shown on the Assessor’s Parcel Map, the land area as shown on the applicable Final Map, or if the area is not shown on the applicable Final Map, the land area shall be calculated by the Administrator.
“Administrative Expenses” means the actual or reasonably estimated costs directly related to the formation, annexation, and administration of CFD No. 2015-2 including, but not limited to: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or both); the costs to the City, CFD No. 2015-2, or any designee thereof associated with fulfilling the CFD No. 2015-2 disclosure requirements; the costs associated with responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2015-2 or any designee thereof related to an appeal of the Special Tax; and the City's annual administration fees including payment of a proportional share of salaries and benefits of any City employees and City overhead whose duties are related to the administration and third party expenses. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 2015-2 for any other administrative purposes of CFD No. 2015-2, including attorney's fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. “Administrator” means the City Manager of the City of Lake Elsinore, or his or her designee. “Approved Property” means all Assessor’s Parcels of Taxable Property that are included in a Final Map that was recorded prior to the March 1 preceding the Fiscal Year in which the Special Tax is being levied, and that have not been issued a building permit on or prior to the March 1 preceding the Fiscal year in which the special tax is being levied.
“Assessor’s Parcel” means a lot or parcel of land that is identifiable by an Assessor’s Parcel Number by the County Assessor of the County of Riverside.
“Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.
“Assessor’s Parcel Number” means that identification number assigned to a parcel by the County Assessor of the County.
“Building Square Footage” or “BSF” means the floor area square footage reflected on the original construction building permit issued for construction of a building of Non-Residential Property and any Building Square Footage subsequently added to a building of such Taxable Property after issuance of a building permit for expansion or renovation of such building. “Calendar Year” means the period commencing January 1 of any year and ending the following December 31.
“CFD” or “CFD No. 2015-2” means the City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services).
“City” has the meaning set forth in the preamble.
“Contingent Special Tax B Requirement” means that amount required in any Fiscal Year, if the POA is unable to maintain the Service(s) to: (i) pay the costs of Services incurred or otherwise payable in the Calendar Year commencing in such Fiscal Year; (ii) fund an operating reserve for the costs of Services as determined by the Administrator; less a credit for funds available to reduce the annual Special Tax B (Contingent) levy as determined by the Administrator. “County” means the County of Riverside.
“Developed Property” means all Assessor’s Parcels of Taxable Property for which a building permit for new construction has been issued on or prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section G.
“Final Map” means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to California Civil Code 1352 that creates individual lots for which building permits may be issued without further subdivision. “Fiscal Year” means the period from and including July 1 st of any year to and including the following June 30th.
“Land Use Category” or “LUC” means any of the categories contained in Section B hereof to which an Assessor’s Parcel is assigned consistent with the land use approvals that have been received or proposed for the Assessor’s Parcel as of March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Maximum Special Tax” means either Maximum Special Tax A and/or Maximum Special Tax B (Contingent), as applicable.
“Maximum Special Tax A” means the Maximum Special Tax A, as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.
“Maximum Special Tax B (Contingent)” means the Maximum Special Tax B (Contingent), as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.
“Multi-Family Residential Property” means any Assessor’s Parcel of residential property that consists of a building or buildings comprised of attached Residential Units sharing at least one common wall with another unit.
“Non-Residential Property” or “NR” means all Assessor's Parcels of Taxable Property for which a building permit(s) was issued for a non-residential use. The Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property. “Property Owner’s Association” or “POA” means the property owner’s association or homeowner’s association established to maintain certain landscaping within a Tax Zone. “Proportionately” means for Taxable Property that is: (i) Developed Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Developed Property with the same Tax Zone, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Approved Property with the same Tax Zone, and (iii) Undeveloped Property that the ratio of the actual Special Tax levy per acre to the Maximum Special Tax per acre is the same for all Parcels of Undeveloped Property with the same Tax Zone. “Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator. “Residential Property” means all Assessor’s Parcels of Taxable Property upon which completed Residential Units have been constructed or for which building permits have been or may be issued for purposes of constructing one or more Residential Units. “Service(s)” means services permitted under the Mello-Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2015-2 as set forth in the documents adopted by the City Council at the time the CFD was formed. “Single Family Residential Property” means any residential property other than Multi-Family Residential Property on an Assessor’s Parcel.
“Special Tax(es)” means the Special Tax A and/or Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property.
“Special Tax A” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax A Requirement. "Special Tax A Requirement" means for each Tax Zone, that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs for such Tax Zone of CFD No. 2015-2 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for maintenance services including but not limited to (i) maintenance and lighting of parks, parkways, streets, roads and open space, (ii) maintenance and operation of water quality improvements, (iii) public street sweeping, (iv) fund an operating reserve for the costs of Services as determined by the Administrator, and (v) Administrative Expenses. Under no circumstances shall the Special Tax A Requirement include funds for Bonds.
“Special Tax B (Contingent)” means the Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Contingent Special Tax B Requirement, if required.
"Taxable Property" means all Assessor’s Parcels within CFD No. 2015-2, which are not Exempt Property.
“Taxable Unit” means a Residential Unit, Building Square Footage, or an Acre. "Tax Zone" means a mutually exclusive geographic area, within which particular Special Tax rates may be levied pursuant to this Rate and Method of Apportionment of Special Tax. Appendix C identifies the Tax Zone in CFD No. 2015-2 at formation; additional Tax Zones may be created when property is annexed into the CFD.
"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as Tax Zone 1. "Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.
“Undeveloped Property” means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Approved Property.

C. MAXIMUM SPECIAL TAX RATES
For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Residential Property, all such Assessor’s Parcels shall be assigned the number of Residential Unit(s) constructed or to be constructed thereon as specified in or shown on the building permit(s) issued or Final Map as determined by the Administrator. For Parcels of undeveloped property zoned for development of single family attached or multi-family units, the number of Residential Units shall be determined by referencing the condominium plan, apartment plan, site plan or other development plan, or by assigning the maximum allowable units permitted based on the underlying zoning for the Parcel. Once a single family attached or multi-family building or buildings have been built on an Assessor's Parcel, the Administrator shall determine the actual number of Residential Units contained within the building or buildings, and the Special Tax A levied against the Parcel in the next Fiscal Year shall be calculated by multiplying the actual number of Residential Units by the Maximum Special Tax per Residential Unit identified for the Tract below or as included in Appendix A as each Annexation occurs.

For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Non-Residential Property, all such Assessor’s Parcels shall be assigned the number of Building Square Footage or Acres as shown on the Final Map as determined by the Administrator. Once the Administrator determines the actual number of Building Square Footage or Acres for the Assessor’s Parcels, the Special Tax A levied against the Assessor’s Parcel in the next Fiscal Year shall be calculated by multiplying the number of Building Square Footage or Acres by the Maximum Special Tax per Taxable Unit identified for the Tax Zone below or as included in Appendix A as each Annexation occurs.

TABLE 1

MAXIMUM SPECIAL TAX A RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121
(ii) Increase in the Maximum Special Tax A
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. (iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax A that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax A that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.
b. Approved Property
The Maximum Special Tax A for each Assessor’s Parcel of Approved Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Approved property Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 2 below:

TABLE 2

MAXIMUM SPECIAL TAX A RATES

APPROVED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.
c. Undeveloped Property
The Maximum Special Tax A for each Assessor’s Parcel of Undeveloped Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Undeveloped Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 3 below:

TABLE 3

MAXIMUM SPECIAL TAX A RATES

UNDEVELOPED PROPERTY
Tax Zone Tracts Taxable Unit Maximum Special Tax A
1 LLA-2014-2743 Acre $121
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

2. Special Tax B (Contingent)
(i) Maximum Special Tax B (Contingent)
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 1 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for each Tax Zones annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015- 2016 within Tax Zone 1 is identified in Table 4 below:

TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
(ii) Increase in the Maximum Special Tax B (Contingent) On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. (iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax B (Contingent) that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax B (Contingent) that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final. b. Approved Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 5 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A.

The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 5 below:

TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

APPROVED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. c. Undeveloped Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 6 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A.

The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 6 below:

TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

UNDEVELOPED PROPERTY
Tax Zone
Tracts Taxable Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Acre $0
On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

1. Special Tax A
Commencing with Fiscal Year 2015-2016 and for each following Fiscal Year, the Council shall determine the Special Tax A Requirement and shall levy the Special Tax A on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax A equals the Special Tax A Requirement for each Tax Zone. The Special Tax A shall be levied for each Fiscal Year as follows:

First: The Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Developed Property within each Tax Zone up to 100% of the applicable Maximum Special Tax to satisfy the Special Tax A Requirement for such Tax Zone;
Second: If additional moneys are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first step has been completed, the Special Tax A shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax A for Approved Property;
Third: If additional monies are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first two steps has been completed, the Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax A for Undeveloped Property.

2. Special Tax B (Contingent)
Commencing with Fiscal Year 2015-2016 and for each following Fiscal Year, the Council shall determine the Contingent Special Tax B Requirement and shall levy the Special Tax on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax B (Contingent) equals the Contingent Special Tax B Requirement. The Special Tax B (Contingent) shall be levied for each Fiscal Year as follows:

First: The Special Tax shall be levied Proportionately on all Assessor’s Parcels of Developed Property for a Tax Zone up to 100% of the applicable Maximum Special Tax B (Contingent) to satisfy the Contingent Special Tax B Requirement;
Second: If additional moneys are needed to satisfy the Contingent Special Tax B Requirement after the first step has been completed, the Special Tax B (Contingent) shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Approved Property;
Third: If additional monies are needed to satisfy the Contingent Special Tax B Requirement after the first two steps has been completed, the Special Tax B (Contingent) shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Undeveloped Property.

F. TERM OF SPECIAL TAX
For each Fiscal Year, the Special Taxes shall be levied as long as the Services are being provided.

G. EXEMPTIONS
The City shall classify as Exempt Property within CFD No. 2015-2, any Assessor’s Parcel in any of the following categories; (i) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by any public entity; (ii) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement; (iii) Assessor’s Parcels which are privately owned but are encumbered by or restricted solely for public uses; or (iv) any Assessor’s Parcel which is in use in the performance of a public function as determined by the Administrator.

H. APPEALS
Any property owner claiming that the amount or application of the Special Taxes are not correct may file a written notice of appeal with the City not later than twelve months after having paid the first installment of the Special Tax that is disputed. A representative(s) of CFD No. 2015-2 shall promptly review the appeal, and if necessary, meet with the property owner, consider written and oral evidence regarding the amount of the Special Tax, and rule on the appeal. If the representative’s decision requires that the Special Tax for an Assessor’s Parcel be modified or changed in favor of the property owner, a cash refund shall not be made, but an adjustment shall be made to the Special Tax on that Assessor’s Parcel in the subsequent Fiscal Year(s).

APPENDIX A

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

COST ESTIMATE
Special Tax A Services - The estimate breaks down the costs of providing one year's maintenance services for Fiscal Year 2022-23. These services are being funded by the levy of Special Tax A for Community Facilities District No. 2015-2.

TAX ZONE 21
TR 38116
Item Description Estimated Cost
1 Landscaping $2,202
2 Lighting $2,376
3 Streets $4,852
4 Parks $33,520
5 Graffiti $589
6 Reserves $4,042
7 Admin $6,531
Total $54,112
Special Tax B Contingent Services – The estimate in the table below breaks down the costs of providing one year’s contingent services for Fiscal Year 2022-23. If necessary, these services will be funded by the levy of Special Tax B (Contingent) for Community Facilities District No. 2015-2 Tax Zone 21.

TAX ZONE 21 (CONTINGENT SERVICES)
TR 38116
Item Description Estimated Cost
1 Drainage $9,188
2 Reserves $919
3 Admin $1,378
Total $11,485
TAX ZONE 21
FY 2022-23 MAXIMUM SPECIAL TAX RATES

DEVELOPED PROPERTY AND APPROVED PROPERTY
Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Single Family Residential RU $387 $82
Non-Residential Property Acre $4,964 $1,054
TAX ZONE 21
FY 2022-23 MAXIMUM SPECIAL TAX RATES

UNDEVELOPED PROPERTY
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Acre $4,964 $1,054

TAX ZONE SUMMARY
Annexation
Tax
Zone
Tract
APN
Fiscal
Year
Maximum
Special Tax A
Maximum
Special Tax B Subdivider
Original 1 LLA-2014-2743 2015-16 $121 / Acre $0 / Acre Tractor Supply 1 2 36682 2016-17 $354 / RU $102 / RU Pardee Homes
2 3 PM 29996 2017-18 $951 / Acre $165 / Acre Pasadena Industrial Park, LLC 3 4 PM 36551 2017-18 $2,671 / Acre $201 / Acre ARI Chaney Street, LLC 4 5 TR 32996 2017-18 $378 / RU $321 / RU LE Cottage Lane, LLC 5 6 365-030-001 2018-19 $1,004/ Acre $0 / Acre Lake Elsinore CCR, LLC 6 7 TR 33267 2019-20 $350 / RU $56 / RU Pardee Homes
7 8 PM 37284 2019-20 $1,953 / Acre $0 / Acre Central Plaza 8 9 TR 37305 2019-20 $951 / RU $384 / RU Nichols Rd Partners, LLC 8 10 TR 37305; Lot 169 2019-20 $2,600 / Acre $0 / Acre Nichols Rd Partners, LLC 9 11 TR 32129 & 30698 2020-21 $541 / RU $69 / RU
Donald S. Clurman &
Three Strands Properties, LLC &
Spectrum Communities, LLC
10 12 TR 33370 2021-22 $294 / RU $30 / RU JLJ, LP
11 13 PM 37534 2021-22 $1,113 / Acre $0 / Acre SRZ Yuma, LLC 12 14 TR 33725 2021-22 $749 / RU $87 / RU SPT-AREP III Tuscany Associates 12 15 TR 25475 2021-22 $594 / RU $62 / RU SPT-AREP III Tuscany Associates 13 16 LLA 2019-007 2021-22 $407 / Acre $0 / Acre Wal-Mart Real Estate Business Trust
14 17 TR 38008 2021-22 $366 / RU $123 / RU Tri Pointe Homes IE-SD, Inc. 15 18 TPM 37751 2021-22 $2,188 / Acre $2,540 / Acre Boos-Up Lake Elsinore 16 19 PM 37710 2021-22 $1,034 / Acre $0 / Acre Pennington Industrial, LLC 17 20 TR 37280 2022-23 $323 / RU $5 / RU Lake Elsinore Lakeshore, LLC and Erin Crowder
18 21 TR 38116 2022-23 $387 / RU $82 / RU Tri Pointe Homes IE-SD, Inc.

ESCALATION OF MAXIMUM SPECIAL TAXES
On each July 1, commencing on July 1, 2016 the Maximum Special Tax shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

APPENDIX B

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2015-2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right-of-ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and
(b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right-of-way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and
(c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015-2; as well as local roads within residential subdivisions located within CFD No. 2015-2; and any portions adjacent to the properties within CFD No. 2015-2; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

The above services shall be limited to those provided within the boundaries of CFD No. 2015-2 or for the benefit of the properties within the boundaries of CFD No. 2015-2, as the boundary is expanded from time to time by anticipated annexations, and said services may be financed by proceeds of the special tax of CFD No. 2015-2 only to the extent that they are in addition to those provided in the territory of CFD No. 2015-2 before CFD No. 2015-2 was created.

APPENDIX C

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

PROPOSED BOUNDARIES AND POTENTIAL ANNEXATION AREA BOUNDARIES

EXHIBIT B
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) SPECIAL TAX FISCAL YEAR 2022-23
(Effective as of February 28, 2023)

ASSESSOR'S PARCEL NUMBERS
Annexation Zone Owner Assessor's Parcel Numbers
Original 1 Tractor Supply 377-120-068
1 2 Pardee Homes See Below
2 3 Pasadena Industrial Park, LLC 377-120-032, -043 thru -047, -069, and -071
3 4 ARI Chaney Street, LLC 377-140-028 thru -030, -032 thru -035, -038 thru -041, -044 thru -046
4 5 LE Cottage Lane, LLC See Next Page
5 6 Lake Elsinore CCR, LLC 365-030-048
6 7 Pardee Home See Next Page
7 8 Central Plaza 377-081-002 thru -009
8 9 Nichols Rd Partners, LLC
389-200-038 (por.),
389-210-008 (por.), 389-210-032,
389-210-034, and 389-210-036 (por.)
8 10 Nichols Rd Partners, LLC 389-200-046, -049, and -053 9 11
Donald S. Clurman &
Three Strands Properties, LLC &
Spectrum Communities, LLC
See Next Page
10 12 JLJ, LP See Next Page
11 13 SRZ Yuma, LLC 377-081-035
12 14 SPT AREP III Tuscany Associates
349-240-006, -043, -044, -045, -046,
-047, -054, -055, -056 and
349-380-024, -025
12 15 SPT AREP III Tuscany Associates 349-240-034, -038, -072, -075 13 16 Wal-Mart Real Estate Business Trust 377-090-052, -053, -054, -055, -056, -057
14 17 Tri Pointe Homes IE-SD, Inc. 363-940-038
15 18 Boos-Up Lake Elsinore 377-243-024
16 19 Pennington Industrial, LLC 377-160-051, -052, -053 17 20 Lake Elsinore Lakeshore, LLC and
Erin Crowder 379-230-001 and 379-230-002
18 21 Tri Pointe Homes IE-SD, Inc. 379-060-005, -022, and -027 EXHIBIT B (cont.)
ANNEXATION NO. 1

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
358710001 358710002 358710003 358710004 358710005 358710006 358710007 358710008 358710009 358710010 358710011 358710012 358710013 358710014 358710015 358710016 358710017 358710018 358710019 358710020 358710021 358710022 358710023 358710024 358710025 358710026 358710027 358710028 358710029 358710030 358710031 358710032 358710033 358710034 358710035 358710036 358710037 358710038 358710039 358710040 358710041 358711001 358711002 358711003 358711004 358711005 358711006 358711007 358712001 358712002 358712003 358712004 358712005 358712006 358712007 358712008 358712009 358712010 358712011 358712012 358712013 358712014 358712015 358712016 358712017 358712018 358712019 358712020 358712021 358712022 358712023 358712024 358712025 358712026

ANNEXATION NO. 4

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
379490004 379490005 379490006 379490007 379490008 379490009 379490010 379491001 379491002 379491003 379491004 379491005 379491006 379491007 379491008 379491010 379491011 379491012 379491013 379491014 379491017 379491018 379491019 379491020 379491021 379491022 379491023 379491024 379491025 379491026 379491027 379491028 379491029 379491030 379491031 379491032 379491033 379491034 379491035 379491036 379491037
ANNEXATION NO. 6

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
379051001 379051002 379051003 379051004 379051005 379051006 379051007 379051009 379051010 379051011 379051013 379051014 379051015 379051016 379051018 379051019 379051020 379051021 379051023 379051024 379051025 379051026 379051027 379051028 379051029 379051031 379051032 379051033 379051034 379051035 379051036 379051037 379051038 379051040 379051041 379051042 379051043 379051045 379051046 379051047 379051048 379051049 379051051 379051052 379051053 379051054 379051055 379051056 379051057 379051058 379051061 379051062 379051063 379051064 379051066 379051067 379051068 379051069 379051071 379051072 379051073 379051074 379051075 379051077 379051078 379051079 379051080 379051081 379051083 379051084 379051085 379051086 379051087 379051089 379051090 379051091 379051092 379052001 379052002 379052003 379052004 379052005 379052006 379052007 379052008 379052009 379052011 379052012 379052013 379052014 379052016 379052017 379052018 379052019 379052020 379052022 379052023 379052024 379052025 379052026 379052027 379052028 379052029 379052031 379052032 379052033 379052034 379052035 379052036 379052037 379052038 379052039 379052040 379052042 379052043 379052044 379052045 379052046 379052047 379052049 379052050 379052051 379052052 379052053 379052054 379052056 Assessor's Parcel Numbers
379052057 379052058 379052059 379052060 379052061 379052062 379052064 379052065 379052066 379052067 379052068 379052087 379052088 379052089 379052090 379052091 379052092 379052094 379052095 379052096 379052097 379052098 379053001 379053002 379053003 379053004 379053005 379053006 379053007 379053008 379053009 379053010 379053011 379053012 379053014 379053015 379053016

ANNEXATION NO. 9

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
347110021 347580007 347580001 347580002 347580003 347580004 347580005 347580006 347581001 347581002 347581003 347581004 347581005 347581006 347581007 347581008 347582001 347582002 347582003 347582004 347582005 347582006 347582007 347582008 347582009 347580010 347582023 347582019 347582018 347582017 347582016 347582015 347582014 347582013 347582012 347582021 347560012 347560013 347560014 347560015 347560016 347560017 347560018 347560019 347560043 347560020 347560021 347560022 347560023 347560024 347560025 347560026 347560027 347560028 347560044 347560029 347560030 347560031 347560032 347560033 347560034 347560035 347560036 347560037 347560038 347560039 347560040 347560041 347560042 347560001 347560002 347560003 347560004 347560005 347560006 347560007 347560008 347560009 347560010 347560011 347570001 347570002 347570003 347570004 347570005 347570006 347570007 347570008 347570009 347570010 347570011 347570012 347570013 347570014 347561001 347561002 347561003 347561004 347561005 347561006 347561007 347561008 347561009 347561010 347561011 347561012 347561013 347561014 347561015 347561016 347561017 347561018 347570015 347570016 347570017 347570018 347570019 347570020 347570021 347570022 347571001 347571002 347571003 347571004 347571005 347571006 347571007 347571008 347571009 347571010 347571011 347571012 347571013 347571014 347571015 347571016 347571017 347571018 347571019 347571020 347571021 347571022 347571023 347571024 347571025 347571026 347571027 347571028 347571029 347562001 347562002 347562003 347562004 347562005 347562006 347562007 347562008 347562009 347562010 347562011 347562012 347562013 347562014 347562015 347562016 347562017
EXHIBIT B (cont.)
ANNEXATION NO. 10

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
373071040 373074054 373074040 373074047 373074033 373074026 373074017 373074002 373074007 373074049 373074035 373074042 373074028 373074022 373074013 373074018 373074003 373074008 373074050 373074036 373074043 373074029 373074023 373074014 373074019 373074004 373074009 373074051 373074037 373074044 373074030 373074024 373074015 373074020 373074005 373074010 373074052 373074038 373074045 373074031 373074025 373074016 373074001 373074006 373074011 373074053 373074039 373074046 373074032

Page 1 of 4 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Damaris Abraham, Interim Assistant Community Development Director Date: February 14, 2023
Subject: Council Policy No. 400-16 – Good Neighbor Policy for Warehousing, Logistics, and Distribution Uses
Recommendation

1. Find Council Policy No. 400-16 Exempt from the California Environmental Quality Act (CEQA), pursuant to CEQA Guidelines Section 15061(b)(3);

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING COUNCIL POLICY NO. 400-16 ESTABLISHING A GOOD

NEIGHBOR POLICY FOR WAREHOUSING, LOGISTICS, AND DISTRIBUTION USES WITHIN THE CITY; and

3. Direct staff to amend Title 17 (Zoning) of the Lake Elsinore Municipal Code to include definitions and modify applicable Zoning Districts for Warehousing, Logistics, and Distribution Uses.

Background
By Memorandum to City Manager Jason Simpson dated June 28, 2022, Councilmember Bob Magee outlined a “Proposed Good Neighbor Policy” to address issues regarding large warehouse/logistic centers near sensitive receptors such as residential structures, schools, daycares, hospitals, senior/assisted living homes, and outdoor recreational areas. The stated purpose and intent of the Good Neighbor Policy is to “… preserve the City Council’s vision and our 2040 plan.”
At the July 26, 2022 City Council meeting, the City Council established a Council subcommittee that included Council Members Bob Magee and Steve Manos to work with City staff to develop recommendations regarding policies and standards for the Good Neighbor Policy.

Good Neighbor Policy

Page 2 of 4 ends

2 8
2 The subcommittee has worked with City staff to develop policies and standards that would be appropriate for most warehouse, industrial or distribution land uses or buildings that provide a cumulative square footage of 250,000 or more. This policy will ensure that larger-scale warehousing, logistics, and distribution projects will be designed and operated in order to mitigate negative impacts on sensitive receptors and the environment. This policy will also preserve and advance the City Council’s vision as set forth in the City’s General Plan and Dream Extreme 2040 Plan.

Discussion
In recent years, the Inland Empire has seen significant growth in the warehousing, logistics, and distribution industries. It is expected that market conditions for these industries will remain strong in the Inland Empire and that demand for more sites will also remain strong. As neighboring communities reach significant levels of build-out, it is anticipated that Lake Elsinore will become an increasingly attractive location for these market segments. The City of Lake Elsinore recognizes that the construction and operations of these uses will generate negative impacts to residences and/or other sensitive land uses (“sensitive receptors”) that must be mitigated in order to maintain quality of life; protect public health, safety, and welfare; and ensure orderly development. Sensitive receptors generally include residences, schools, parks, playgrounds, community centers, assisted living, daycare centers, nursing homes, hospitals, places of religious assembly, and similar uses.

This policy provides a framework for larger-scale warehousing, logistics, and distribution projects to be designed and operated in order to mitigate negative impacts on sensitive receptors and the environment and to preserve and advance the City Council’s vision as set forth in the City’s General Plan and Dream Extreme 2040 Plan. This policy is meant to apply Best Management Practices (“BMPs”) to help minimize potential impacts to sensitive receptors and will be used in addition to applicable requirements of the City’s Zoning Code and the California Environmental Quality Act (CEQA). This policy does not replace the need for the preparation of appropriate project-specific environmental review and application of any necessary mitigation measures. This policy provides a series of development and operational criteria that can be implemented to supplement project-level mitigation measures in order to adequately mitigate impacts related to warehousing, logistics and distribution land uses on sensitive receptors.

Applicability
This policy applies to warehousing, logistics, and distribution development projects that include a cumulative floor area of at least 250,000 square feet inclusive of all buildings. Warehousing, logistics and distribution facility means those facilities used for the storage and/or consolidation of manufactured goods and/or raw materials (excluding bulk storage of materials which are flammable or explosive or create hazardous or commonly recognized offensive conditions) before their distribution to retail locations or other off-site facilities. These facilities may include manufacturing, assembly, and/or fabrication operations. They are typically characterized by dock high loading doors that could be on opposing sides of the building (cross dock facility); significant movement and storage of products, materials, or equipment; truck activities frequently outside of the peak hour of the adjacent street system; and freeway access, including: freight Good Neighbor Policy

Page 3 of 4 ends

2 8
2 yards/forwarding terminals, warehousing distribution/high cube distribution centers, moving agencies, parcel delivery terminals, railroad freight stations, shipping/receiving yards, and truck terminals.

This policy provides guidance that will be appropriate for most warehouse, industrial or distribution land uses with buildings that provide for a cumulative square footage of 250,000 or more, inclusive of all buildings located on a single parcel.

Project-level review under CEQA will continue to apply to any and all projects, regardless of their square footage and size, and may include technical reports including, but not limited, noise, air quality, and traffic related impact evaluations. The hearing body (Planning Commission or City Council) has sole discretion and authority to approve projects that deviate from the guidance provided in this policy, subject to site-specific conditions (such as the specifics of site topography, proximity of adjacent sensitive receptors, and other relevant factors), appropriate environmental review, and other factors that the City Council may consider at its sole discretion.

Additional Considerations
Currently, the City’s General Plan provides for warehouse uses in the City’s “Limited Industrial” Land Use Designation. The Limited Industrial Land Use Designation is consistent with the Limited Manufacturing (M-1) and General Manufacturing (M-2) zoning designations. However, warehousing, logistics, and distribution land uses are not currently defined in the Lake Elsinore Municipal Code (LEMC) and are not identified as either a permitted or conditional use in the M-1 or M-2 zoning districts. Title 17 (Zoning) of the LEMC would need to be amended to include definitions and to modify the applicable Zoning Districts for Warehousing, Logistics, and Distribution Uses.

Environmental Determination
This policy is exempt from the California Environmental Quality Act (CEQA) per CEQA Guidelines Section 15061(b)(3) Common Sense Exemption based on the “general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment.” The use of this exemption is appropriate if it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment. This policy will not approve any specific project nor allow any development with the potential to cause a physical environmental impact. The policy itself would only apply to future development and would actually lessen the potential for future physical environmental impacts pursuant to CEQA. Furthermore, as the policy would not result in a direct or reasonably foreseeable indirect physical change to the environment and would ultimately be more protective of the environment, approval of the project itself would not be deemed a “project” for CEQA purposes based on the language under Section 15060(c)(2) of CEQA Guidelines.

Fiscal Impact
Costs related to the implementation of this policy will be paid by fees collected from developers through entitlement review application fees and the City’s cost recovery program.

Good Neighbor Policy

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2 8
2 Attachments
Attachment 1 –Resolution
Exhibit A – Council Policy No. 400-16 Good Neighbor Policy RESOLUTION NO. 2023-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING COUNCIL POLICY NO. 400-16 ESTABLISHING A GOOD

NEIGHBOR POLICY FOR WAREHOUSING, LOGISTICS, AND DISTRIBUTION

USES WITHIN THE CITY
Whereas, the City of Lake Elsinore (City) recognizes that the construction and operations of larger-scale warehousing, logistics and distribution uses will generate negative impacts to residences and/or other sensitive land uses (“sensitive receptors”) that must be mitigated in order to maintain quality of life; protect public health, safety, and welfare; and ensure orderly development; and,
Whereas, sensitive receptors generally include residences, schools, parks, playgrounds, community centers, assisted living, day care centers, nursing homes, hospitals, places of religious assembly, and similar uses; and,
Whereas, in order to mitigate negative impacts on sensitive receptors and the environment and to preserve and advance the City Council’s vision as set forth in the City’s General Plan and Dream Extreme 2040 Plan, the City Council desires to adopt a policy to provide a framework for design and operation of larger-scale warehousing, logistics and distribution projects with a cumulative square footage of 250,000 or more; and, Whereas, this policy will apply Best Management Practices (BMPs) and development and operational criteria to help minimize potential impacts to sensitive receptors and will be used in addition to applicable requirements of the City’s Zoning Code and the California Environmental Quality Act (CEQA); and,
Whereas, this policy is exempt from the California Environmental Quality Act (CEQA) per CEQA Guidelines Section 15061(b)(3) Common Sense Exemption based on the “general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment.” The use of this exemption is appropriate if it can be seen with certainty that that there is no possibility that the activity in question may have a significant effect on the environment.

This policy will not approve any specific project nor allow any development with the potential to cause a physical environmental impact. The policy itself would only apply to future development and would actually lessen the potential for future physical environmental impacts pursuant to CEQA. Furthermore, as the policy would not result in a direct or reasonably foreseeable indirect physical change to the environment and would ultimately be more protective of the environment, approval of the project itself would not be deemed a “project” for CEQA purposes based on the language under Section 15060(c)(2) of CEQA Guidelines.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:

Section 1: The City Council of the City of Lake Elsinore hereby adopts Council Policy No. 400-16 establishing a Good Neighbor Policy for Warehousing, Logistics, and Distribution Uses, attached hereto as Exhibit "A" and incorporated herein by this reference.

Section 2: This Resolution shall take effect immediately upon its adoption.

Section 3: The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

Passed and Adopted on this 14th day of February, 2023.

Natasha Johnson
Mayor
Attest:
___________________________________
Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )

I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2023-____ was adopted by the City Council of the City of Lake Elsinore, California, at the regular meeting of February 14, 2023, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

CITY OF LAKE ELSINORE, CALIFORNIA

COUNCIL POLICY MANUAL
Policy No. 400-16
Effective Date:

Revised:

SUBJECT: “Good Neighbor Policy” for
Warehousing, Logistics, and
Distribution Uses

Page 1 of 5 ends

PURPOSE
In recent years, the Inland Empire has seen significant growth in the warehousing, logistics, and distribution industries. It is expected that market conditions for these industries will remain strong in the Inland Empire and that demand for more sites will also remain strong. As neighboring communities reach significant levels of build out, it is anticipated that Lake Elsinore will become an increasingly attractive location for these market segments. The City of Lake Elsinore recognizes that the construction and operations of these uses will generate negative impacts to residences and/or other sensitive land uses (“sensitive receptors”) that must be mitigated in order to maintain quality of life; protect public health, safety, and welfare; and ensure orderly development. Sensitive receptors generally include residences, schools, parks, playgrounds, community centers, assisted living, day care centers, nursing homes, hospitals, places of religious assembly or institution, and similar uses.

This policy provides a framework for larger-scale warehousing, logistics and distribution projects to be designed and operated in order to mitigate negative impacts on sensitive receptors and the environment and to preserve and advance the City Council’s vision as set forth in the City’s General Plan and Dream Extreme 2040 Plan. This policy is meant to apply Best Management Practices (“BMPs”) to help minimize potential impacts to sensitive receptors and will be used in addition to applicable requirements of the City’s Zoning Code and the California Environmental Quality Act (CEQA). This policy does not replace the need for preparation of appropriate project- specific environmental review and application of any necessary mitigation measures. This policy provides a series of development and operational criteria that can be implemented to supplement project-level mitigation measures in order to adequately mitigate impacts related to warehousing, logistics and distribution land uses on sensitive receptors.

This policy will be implemented by incorporation into the conditions of approval that are part of the approval process for individual development projects. This provides a mechanism by which applicants and the public are made aware of how these guidelines are specifically implemented on a project-by-project basis and will provide an opportunity for City staff to monitor ongoing compliance with the individual conditions of approval.

APPLICABILITY
This policy applies to warehousing, logistics, and distribution land uses that include a cumulative square footage of 250,000 or more inclusive of all buildings located in a single project.

Warehousing, logistics and distribution facility means those facilities used for the storage and/or consolidation of manufactured goods and/or raw materials (excluding bulk storage of materials

CITY OF LAKE ELSINORE, CALIFORNIA

COUNCIL POLICY MANUAL
Policy No. 400-16SUBJECT: “Good Neighbor Policy” for
Warehousing, Logistics, and
Distribution Uses
Effective Date:

which are flammable or explosive or create hazardous or commonly recognized offensive conditions) before their distribution to retail locations or other off-site facilities. These facilities may include manufacturing, assembly, and/or fabrication operations. They are typically characterized by dock high loading doors that could be on opposing sides of the building (cross dock facility); significant movement and storage of products, materials, or equipment; truck activities frequently outside of the peak hour of the adjacent street system; and freeway access, including: freight yards/forwarding terminals, warehousing distribution/high cube distribution centers, moving agencies, parcel delivery terminals, railroad freight stations, shipping/receiving yards, and truck terminals.

This policy provides guidance that will be appropriate for most warehouse, industrial, or distribution land uses with buildings that provide for a cumulative square footage of 250,000 or more, inclusive of all buildings located in a single project.

The Planning Division shall use this policy to review warehousing, logistics and distribution projects and, in instances where a project does not conform to this policy, shall document findings of non-compliance that will be considered by the Planning Commission and City Council. The hearing body (Planning Commission or City Council) has sole discretion and authority to approve projects that deviate from the guidance provided in this policy, subject to site-specific conditions (such as the specifics of site topography, proximity of adjacent sensitive receptors, and other relevant factors), appropriate environmental review, and other factors that the City Council may consider at its sole discretion.

STANDARDS
Siting and Design:

1. Warehousing, logistics, and distribution land uses with buildings that provide for a cumulative square footage of 250,000 or larger, inclusive of all buildings located in a single project, that are located within 1,000 feet of an existing or planned sensitive receptor shall provide detailed justification supporting a proposed separation of less than 1,000 feet as measured from the property line of the sensitive receptor to the nearest point of any proposed warehousing, logistics and distribution building. In no case shall the minimum setback from an existing sensitive receptor to truck bays, loading docks, outdoor storage areas, or any buildings be less than 500 feet to any property line of a sensitive receptor. Other setbacks appropriate to the site’s zoning classification shall be incorporated in the design.

CITY OF LAKE ELSINORE, CALIFORNIA

COUNCIL POLICY MANUAL
Policy No. 400-16SUBJECT: “Good Neighbor Policy” for
Warehousing, Logistics, and
Distribution Uses
Effective Date:

2. Warehousing, logistics and distribution land uses shall be designed to provide adequate on- site parking for commercial trucks and passenger vehicles and shall provide for adequate on- site queuing for trucks that is located away from sensitive receptors. The general queuing and spill-over of trucks onto surrounding public streets shall be prevented. Commercial trucks shall not be parked in the public right-of-way or nearby residential areas.

3. Entry gates into loading dock(s)/truck court area(s) shall be positioned at a minimum of 140 feet inside the property line. The stacking distance shall be increased by 70 feet for every 20 loading docks beyond 40 docks. Queuing, or circling of vehicles, on public streets immediately pre- or post-entry to a warehousing, logistics and distribution facility is strictly prohibited.

Applicants shall submit to the Engineering Department, and obtain approval of, all turning templates to verify truck turning movements at entrance and exit driveways and street intersections adjacent to said warehousing, logistics and distribution buildings prior to entitlement approval.

4. Sites shall be fully screened with perimeter landscaping and masonry screening walls along all bordering streets and adjacent to the property lines of sensitive receptors. Perimeter screening shall measure a minimum of 15 feet in width and shall include, but not be limited to, a continuous vegetative screen of overstory trees that measure a minimum of 25 feet in height within ten (10) years of planting and a solid masonry wall of at least six (6) feet in height.

Trees shall be provided at a ratio of one (1) 24” box tree per 20 linear feet. Plans for the perimeter landscape buffer shall be prepared by a landscape architect licensed to do business in the State of California and shall incorporate adequate access points for routine maintenance and meet the City's Water Efficient Landscape Requirements (LEMC Chapter 19.08). The property owner will be responsible to establish a long-term maintenance mechanism to assure that the landscaping remains in place and functional in accordance with the approved landscaping plan and shall be responsible to ensure that the landscaping is maintained in a healthy, living condition, to include the replacement of dead, diseased, or dying plant materials as soon as practicable.

5. Building planes visible from public view shall be articulated by changes in exterior building materials, color, decorative accents, and/or articulated features. Modulation and variation of building masses between adjacent buildings visible from public streets shall be provided.

Pedestrian and ground-level building entries accessible to visitors should be designed using recessed entries, covered entries, projections, or roofs to provide shade and visual relief at a pedestrian scale.

CITY OF LAKE ELSINORE, CALIFORNIA

COUNCIL POLICY MANUAL
Policy No. 400-16SUBJECT: “Good Neighbor Policy” for
Warehousing, Logistics, and
Distribution Uses
Effective Date:

Construction and Operation:

6. All construction and grading related activities shall comply with the South Coast Air Quality Management District (SCAQMD) Regulations in effect at the time work commences.

7. The following environmentally responsible practices shall be required during construction:
a. The applicant shall use reasonable best efforts, as determined by the Community Development Director, or designee, to deploy the highest rated California Air Resources Board (CARB) Tier technology that is available at the time of construction. Prior to permit issuance, the construction contractor shall submit an equipment list confirming equipment used is compliant with the highest CARB Tier at the time of construction. Equipment proposed for use that does not meet the highest CARB Tier in effect at the time of construction, shall only be approved for use at the discretion of the Community Development Director, or designee.
b. Use of electric-powered hand tools, forklifts, aerial lifts, materials lifts, hoists, pressure washers, plate compactors, and air compressors.
c. Designation of an area in any construction site where electric-powered construction vehicles and equipment can charge if the utility provider can provide temporary power for this purpose.
d. Identification in site plans of a location for future electric truck charging stations and installation of a conduit to that location.

8. A Property Maintenance Program shall be submitted for review and approval by the Community Development Director or designee prior to the issuance of building permits. The program shall provide for the regular maintenance of building structures, landscaping, and paved surfaces in good physical condition, and appearance. The methods and maximum intervals for maintenance of each component shall be specified in the program.

9. Facility operators shall coordinate with CARB and SCAQMD to obtain the latest information about regional air quality concentrations, health risks, and trucking regulations.

10. Provisions of the City's Noise Ordinance (LEMC Chapter 17.176) shall be satisfied during all site preparation and construction activity. Site preparation activity and construction shall not commence before 7:00 AM and shall cease no later than 5:00 PM, Monday through Friday.

CITY OF LAKE ELSINORE, CALIFORNIA

COUNCIL POLICY MANUAL
Policy No. 400-16SUBJECT: “Good Neighbor Policy” for
Warehousing, Logistics, and
Distribution Uses
Effective Date:

Only finish work and similar interior construction may be conducted on Saturdays and may commence no earlier than 8:00 am and shall cease no later than 4:00 p.m. Construction activity shall not take place on Sunday, or any Legal Holidays. The applicant shall place a weatherproof 3’ X 3’ sign at the entrance to the project site identifying the approved days and hours of construction activity. The sign shall identify the name and phone number of the development manager to address any complaints.

11. Facility hours of business operations shall be limited to Monday through Friday 7:00 a.m. to 7:00 p.m. and no work shall occur on the weekends or Legal Holidays adjacent to sensitive receptors, except when the operator demonstrates through site design and mitigation measures to adequately shield and reduce noise impacts to the sensitive receptors. At no time shall refrigerated trucks parked outdoors run and/or idle outside of the facility hours of operation. Changes to the hours of operation shall be reviewed on a project-by-project basis and shall be included in the Conditions of Approval for the project.

12. At no time during normal business hours shall the noise generated from the adjacent industrial operation exceed 65 dba as measured from the closest property line of a sensitive receptor.

13. A City representative shall conduct periodic on-site inspections during and after construction to verify compliance or recommend better efforts toward compliance during grading, construction, and operational activities.

HISTORY
Adopted by Resolution No. 2023-XXX [Date]

Lake Elsinore City CouncilFebruary 14, 2023

Lake Elsinore City Council
February 14, 2023