Lake Elsinore City Council
June 27, 2023

8. Contractor’ s Books and Records.
a. Contractor shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services, or expenditures and disbursements charged to City for a minimum period of three ( 3) years, or for any longer period required by law, from the date of final payment to Contractor to this Agreement.
b. Contractor shall maintain all documents and records which demonstrate performance under this Agreement for a minimum period of three ( 3) years, or for any longer period required by law, from the date of termination or completion of this Agreement. c. Any records or documents required to be maintained pursuant to this Agreement shall be made available for inspection or audit, at any time during regular business hours, upon written request by the City Manager, City Attorney, City Auditor or a designated representative of these officers. Copies of such documents shall be provided to the City for inspection at City Hall when it is practical to do so. Otherwise, unless an alternative is mutually agreed upon, the records shall be available at Contractor’ s address indicated for receipt of notices in this Agreement.
d. Where City has reason to believe that such records or documents may be lost or discarded due to dissolution, disbandment or termination of Contractor’ s business, City may, by written request by any of the above- named officers, require that custody of the records be given to the City and that the records and documents be maintained in City Hall. Access to such records and documents shall be granted to any party authorized by Contractor, Contractor’ s representatives, or Contractor’ s successor- in-interest.

9. Independent Contractor.
a. Contractor is and shall at all times remain as to the City a wholly independent contractor pursuant to California Labor Code Section 3353. The personnel performing the services under this Agreement on behalf of Contractor shall at all times be under Contractor’ s exclusive direction and control. Neither City nor any of its officers, employees, or agents shall have control over the conduct of Contractor or any of Contractor’ s officers, employees, or agents, except as set forth in this Agreement. Contractor shall not at any time or in any manner represent that it or any of its officers, employees, or agents are in any manner officers, employees, or agents of the City. Contractor shall not incur or have the power to incur any debt, obligation, or liability whatsoever against City, or bind City in any manner. b. Notwithstanding any other federal, state and local laws, codes, ordinances and regulations to the contrary and except for the fees paid to Contractor as provided in the Agreement, Contractor and any of its employees, agents, and subcontractors providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for PERS benefits.

10. PERS Eligibility Indemnification. In the event that Contractor or any employee, agent, or subcontractor of Contractor providing services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Contractor shall DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Contractor or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.

11. Interests of Contractor. Contractor ( including principals, associates and professional employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered by this Agreement or any other source of income, interest in real property or investment which would be affected in any manner or degree by the performance of Contractor’ s services hereunder. Contractor further covenants and represents that in the performance of its duties hereunder no person having any such interest shall perform any services under this Agreement.

Contractor is not a designated employee within the meaning of the Political Reform Act because Contractor:
a. will conduct research and arrive at conclusions with respect to his/her rendition of information, advice, recommendation or counsel independent of the control and direction of the City or of any City official, other than normal agreement monitoring; and b. possesses no authority with respect to any City decision beyond rendition of information, advice, recommendation or counsel. ( FPPC Reg. 18700( a)(2).)

12. Professional Ability of Contractor. City has relied upon the professional training and ability of Contractor to perform the services hereunder as a material inducement to enter into this Agreement. Contractor shall therefore provide properly skilled professional and technical personnel to perform all services under this Agreement. All work performed by Contractor under this Agreement shall be in accordance with applicable legal requirements and shall meet the standard of quality ordinarily to be expected of competent professionals in Contractor’ s field of expertise.

13. Compliance with Laws.
a. Contractor shall comply with all local, state and federal laws and regulations applicable to the services required hereunder, including any rule, regulation or bylaw governing the conduct or performance of Contractor and/or its employees, officers, or board members.
b. Contractor represents that it has obtained and will maintain at all times during the term of this Agreement all professional and/or business licenses, certifications and/or permits necessary for performing the services described in this Agreement, including a City business license.

14. Licenses. Contractor represents and warrants to City that it has the licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Contractor to practice its profession. Contractor represents and warrants to City that Contractor shall, at its sole cost and expense, keep in effect or obtain at all times during the term of this Agreement, any licenses, permits, insurance and approvals which are legally required of Contractor to practice its profession. Contractor shall maintain a City of Lake Elsinore business license.

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15. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Contractor or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Contractor shall not apply when ( 1) the injury, loss of life, damage to property, or violation of law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Contractor or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to property, or violation of law. It is understood that the duty of Contractor to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by City of insurance certificates and endorsements required under this Agreement does not relieve Contractor from liability under this indemnification and hold harmless clause. This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply. By execution of this Agreement, Contractor acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

16. Insurance Requirements.
a. Insurance. Contractor, at Contractor’ s own cost and expense, shall procure and maintain, for the duration of the contract, unless modified by the City’s Risk Manager, the following insurance policies.
i. Workers’ Compensation Coverage. Contractor shall maintain Workers’ Compensation Insurance and Employer’ s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Contractor shall require each subcontractor to similarly maintain Workers’ Compensation Insurance and Employer’ s Liability Insurance in accordance with the laws of the State of California for all of the subcontractor’ s employees. Any notice of cancellation or non-renewal of all Workers’ Compensation policies must be received by the City at least thirty (30) days prior to such change. The insurer shall agree to waive all rights of subrogation against City, its officers, agents, employees and volunteers for losses arising from work performed by Contractor for City. In the event that Contractor is exempt from Worker’ s Compensation Insurance and Employer’ s Liability Insurance for his/her employees in accordance with the laws of the State of California, Contractor shall submit to the City a Certificate of Exemption from Workers Compensation Insurance in a form approved by the City Attorney.
ii. General Liability Coverage. Contractor shall maintain commercial general liability insurance in an amount not less than one million dollars ($ 1,000,000) per occurrence for bodily injury, personal injury and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit. Required commercial general liability coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 ( ed. 11/88) or Insurance Services Office form number GL 0002 ( ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.
iii. Automobile Liability Coverage. Contractor shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($ 1,000,000) combined single limit for each occurrence.

Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement may be attached limiting the coverage.
iv. Professional Liability Coverage. Contractor shall maintain professional errors and omissions liability insurance appropriate for Contractor’ s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Contractor’ s services under this Agreement, whether such services are provided by the Contractor or by its employees, subcontractors, or sub Contractors. The amount of this insurance shall not be less than one million dollars ($ 1,000,000) on a claims- made annual aggregate basis, or a combined single limit per occurrence basis. b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A:VII and shall be endorsed with the following specific language:
i. Notwithstanding any inconsistent statement in any required insurance policies or any subsequent endorsements attached thereto, the protection offered by all policies, except for Workers’ Compensation, shall bear an endorsement whereby it is provided that, the City and its officers, employees, servants, volunteers and agents and independent contractors, including without limitation, the City Manager and City Attorney, are named as additional insureds. Additional insureds shall be entitled to the full benefit of all insurance policies in the same manner and to the same extent as any other insureds and there shall be no limitation to the benefits conferred upon them other than policy limits to coverages.
ii. This policy shall be considered primary insurance as respects the City, its elected or appointed officers, officials, employees, agents and volunteers. Any insurance maintained by the City, including any self-insured retention the City may have, shall be considered excess insurance only and shall not contribute with it. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company.
iv. The insurer waives all rights of subrogation against the City, its elected or appointed officers, officials, employees or agents. v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.

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vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty ( 30) days written notice has been received by the City.
c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Contractor shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Contractor shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

Certificates of such insurance shall be filed with the City on or before commencement of performance of this Agreement. Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement.

17. Notices. Any notice required to be given under this Agreement shall be in writing and either served personally or sent prepaid, first class mail. Any such notice shall be addressed to the other party at the address set forth below. Notice shall be deemed communicated within 48 hours from the time of mailing if mailed as provided in this section.

If to City: City of Lake Elsinore
Attn: City Manager
130 South Main Street
Lake Elsinore, CA 92530
With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street
Lake Elsinore, CA 92530
If to Contractor: NGP, Inc.

Attn: Jeff Nelson
1354 Jet Way
Perris, CA 92571

18. Assignment and Subcontracting. The parties recognize that a substantial inducement to City for entering into this Agreement is the professional reputation, experience and competence of Contractor and the subcontractors listed in Exhibit B. Contractor shall be fully responsible to City for all acts or omissions of any subcontractors. Assignments of any or all rights, duties or obligations of the Contractor under this Agreement will be permitted only with the express consent of the City. Contractor shall not subcontract any portion of the work to be performed under this Agreement except as provided in Exhibit B without the written authorization of the City. If City consents to such subcontract, Contractor shall be fully responsible to City for all acts or omissions of those subcontractors. Nothing in this Agreement shall create any contractual relationship between City and any subcontractor nor shall it create any obligation on the part of the City to pay or to see to the payment of any monies due to any such subcontractor other than as otherwise is required by law.

19. Waiver. Waiver of a breach or default under this Agreement shall not constitute a continuing waiver of a subsequent breach of the same or any other provision under this Agreement.

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20. Litigation Expenses and Attorneys’ Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys’ fees.

21. Mediation. The parties agree to make a good faith attempt to resolve any disputes arising out of this Agreement through mediation prior to commencing litigation. The parties shall mutually agree upon the mediator and share the costs of mediation equally. If the parties are unable to agree upon a mediator, the dispute shall be submitted to JAMS or its successor in interest. JAMS shall provide the parties with the names of five qualified mediators. Each party shall have the option to strike two of the five mediators selected by JAMS and thereafter the mediator remaining shall hear the dispute. If the dispute remains unresolved after mediation, either party may commence litigation.

22. Prohibited Interests. Contractor maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Contractor, to solicit or secure this Agreement. Further, Contractor warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Contractor, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the term of this Agreement, no member, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

23. Equal Opportunity Employment. Contractor represents that it is an equal opportunity employer and it shall not discriminate against any subcontractor, employee or applicant for employment because of race, religion, color, national origin, handicap, ancestry, sex or age. Such non-discrimination shall include, but not be limited to, all activities related to initial employment, upgrading, demotion, transfer, recruitment or recruitment advertising, layoff or termination.

24. Prevailing Wages. Contractor is aware of the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000, et seq., (" Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on "public works" and " maintenance" projects.

Contractor agrees to fully comply with all applicable federal and state labor laws ( including, without limitation, if applicable, the Prevailing Wage Laws). It is agreed by the parties that, in connection with the Work or Services provided pursuant to this Agreement, Contractor shall bear all risks of payment or non-payment of prevailing wages under California law, and Contractor hereby agrees to defend, indemnify, and hold the City, and its officials, officers, employees, agents, and volunteers, free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. The foregoing indemnity shall survive termination of this Agreement.

25. Severability. If any term or portion of this Agreement is held to be invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions of this Agreement shall continue in full force and effect.

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26. Controlling Law Venue. This Agreement and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this Agreement shall be held exclusively in a state court in the County of Riverside.

27. Authority to Enter Agreement. Contractor has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and to bind each respective party. The City Manager is authorized to enter into an amendment or otherwise take action on behalf of the City to make the following modifications to the Agreement: ( a) a name change; ( b) grant extensions of time; ( c) nonmonetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

28. Counterparts. This Agreement may be executed in several counterparts, each of which shall constitute one and the same instrument and shall become binding upon the parties when at least one copy hereof shall have been signed by both parties hereto. In approving this Agreement, it shall not be necessary to produce or account for more than one such counterpart.

29. Entire Agreement; Incorporation; Conflict. This Agreement contains the entire understanding between the parties relating to the obligations described herein. All prior or contemporaneous understandings, agreements, representations and statements, oral or written, are superseded in total by this Agreement and shall be of no further force or effect. Contractor’ s Proposal is incorporated only for the description of the scope of services and/or the schedule of performance and no other terms and conditions from such proposal shall apply to this Agreement unless specifically agreed to in writing. In the event of conflict, this Agreement shall take precedence over those contained in the Contractor’ s Proposal.

30. Amendments. This Agreement may be modified or amended only by a written document executed by both Contractor and City and approved as to form by the City Attorney.

Signatures on next page]
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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.

CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
Jason Simpson
Assistant City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Risk Manager
CONTRACTOR”
NPG, Inc., a Corporation
By: Jeff Nelson
Its: President
Attachments: Exhibit A – Contractor’ s Proposal
Exhibit B – List of Subcontractors
DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

EXHIBIT A

EXHIBIT A
CONTRACTOR’ S PROPOSAL
ATTACHED]
DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 Bid Results for Annual Asphalt Maintenance Program CIP Z10002 05) Issued on 07/22/2020
Bid Due on August 20, 2020 3:00 PM Pacific)
Exported on 08/20/2020
Line Totals Unit Price Quantity)
Item Num Section Description Unit of Measure Quantity NPG, Inc. 1 BASE BID TWO 2) INCH ASPHALT CONCRETE GRIND AND PAVE 1 1000 sf 1 $ 6. 59 2 BASE BID TWO 2) INCH ASPHALT CONCRETE GRIND AND PAVE 1,001 5,000 sf 1 $ 3.52 3 BASE BID TWO 2) INCH ASPHALT CONCRETE GRIND AND PAVE 5,001 10,000 sf 1 $ 2.65 4 BASE BID TWO 2) INCH ASPHALT CONCRETE GRIND AND PAVE 10,000 20,00 st 1 $ 2.60 Subtotal $ 15.36
5 BASE BID REMOVE AND REPLACE ASPHALT CONCRETE 4" UP TO 8" MAX: CLASS II AGGREGATE BASE NOT INCLUDED)
R&R 1 1,000 sf 1 $ 12.91
6 BASE BID REMOVE AND REPLACE ASPHALT CONCRETE 4" UP TO 8" MAX: CLASS II AGGREGATE BASE NOT INCLUDED)
R&R 1,001 5,000 sf 1 $ 7.19
7 BASE BID REMOVE AND REPLACE ASPHALT CONCRETE 4" UP TO 8" MAX: CLASS II AGGREGATE BASE NOT INCLUDED)
R&R 5,001 10,000 sf 1 $ 6.19
8 BASE BID REMOVE AND REPLACE ASPHALT CONCRETE 4" UP TO 8" MAX: CLASS II AGGREGATE BASE NOT INCLUDED)
R&R 10,001 sf 1 $ 6.18
Subtotal $ 32.47

47.83 9 BASE BID ADJUST WATER/GAS VALVE TO GRADE: Adjust Water and Gas Valve to grade 1 1 $ 150.00 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

EXHIBIT B

EXHIBIT B

LIST OF SUBCONTRACTORS
ATTACHED]
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SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

INSURER( S) AFFORDING COVERAGE
INSURER F :

INSURER E :

INSURER D :

INSURER C :

INSURER B :

INSURER A :

NAIC #
NAME:

CONTACT
A/C, No):

FAX
E- MAILADDRESS:

PRODUCER
A/C, No, Ext):

PHONE

INSURED
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement( s).

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER( S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

OTHER:

Per accident)
Ea accident)
N / A
SUBR
WVD
ADDL
INSD

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

PROPERTY DAMAGE
BODILY INJURY ( Per accident)
BODILY INJURY ( Per person)

COMBINED SINGLE LIMIT

AUTOS ONLY

AUTOSAUTOS ONLY

NON- OWNED

SCHEDULEDOWNED

ANY AUTO

AUTOMOBILE LIABILITY
Y / N

WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY
OFFICER/ MEMBER EXCLUDED?
Mandatory in NH)
DESCRIPTION OF OPERATIONS below
If yes, describe under

ANYPROPRIETOR/ PARTNER/ EXECUTIVE
E.L. DISEASE - POLICY LIMIT
E.L. DISEASE - EA EMPLOYEE
E.L. EACH ACCIDENT
STATUTEPER EROTHMM/ DD/ YYYY) LIMITS(

POLICY EXP(

MM/ DD/ YYYY) NUMBERTYPEEFFPOLICYPOLICY INSURANCELTRINSR OF DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES ( ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

EXCESS LIAB
UMBRELLA LIAB $ EACH OCCURRENCE

AGGREGATE
OCCUR

CLAIMS- MADE
DED RETENTION $

PRODUCTS - COMP/ OP AGG

GENERAL AGGREGATE

PERSONAL & ADV INJURY
MED EXP ( Any one person)

EACH OCCURRENCE
DAMAGE TO RENTED $
PREMISES ( Ea occurrence)

COMMERCIAL GENERAL LIABILITY

CLAIMS- MADE OCCUR
GEN' L AGGREGATE LIMIT APPLIES PER:

POLICY
PROJECT LOC

CERTIFICATE OF LIABILITY INSURANCE DATE ( MM/ DD/ YYYY)

CANCELLATION

AUTHORIZED REPRESENTATIVE
ACORD 25 (2016/ 03)
1988- 2015 ACORD CORPORATION. All rights reserved.

CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
HIRED

AUTOS ONLY
9/22/2020
Newport Beach-Alliant Insurance Services, Inc.
1301 Dove St Ste 200
Newport Beach CA 92660
Chris Hayes
714- 642- 0642
chayes@alliant. com
License#: 0C36861 United Specialty Insurance Com 12537
24066NPG, American Fire and Casualty ComInc aka: Nelson Paving & Grading, Goldstar Asphalt Products P.O. Box 1515
Perris CA 92572
Scottsdale Ins C 41297
Insurance Company of the West 27847
Evanston Insurance Company 35378
1529466825
A X 1,000, 000
X 50,000
5,000
1,000, 000
2,000, 000
X
LIG0034901 11/ 15/2019 11/ 15/2020
2,000, 000
B 1,000, 000
X
X X
BAA ( 20) 58189405 11/ 15/2019 11/ 15/2020
C X 5,000, 000
X
XLS0112271 11/ 15/2019 11/ 15/2020
5,000, 000
D X
Y
WPL 5045519 01 1/1/2020 1/1/2021
1,000, 000
1,000, 000
1,000, 000
E Pollution Liability ECPENV01271 11/ 15/2019 11/ 15/2020 Occurrence Aggregate
1,000, 000
2,000, 000
The City, its elected or appointed officers, officials, employees, agents and volunteers are to be covered as additional insured with respect to liability arising out of work performed by or on behalf of the Contractor, including materials, parts or equipment furnished in connection with such work or operations is named as Additional Insured per attached endorsements. Waiver of Subrogation applies per the attached endorsements.( 30) Days Notice of Cancellation / Non-Renewal – Ten (10) Days Notice For Non-Payment of Premium.

City of Lake Elsinore
Attn: City Clerk
130 S. Main St
Lake Elsinore CA 92530
DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

ADDITIONAL INSURED - OWNERS, LESSEES OR

CONTRACTORS - SCHEDULED PERSON OR

ORGANIZATION

COMMERCIAL GENERAL LIABILITY COVERAGE PART

SCHEDULE
Any Location
As required by contract.
anyone,
insurance apply SECTION IV -
COMMERCIAL CONDITIONS, paragraph 4.

The of one or more lnsured(s) under the terms
of this endorsement does not increase our limits of
liability.
other terms and conditions remain unchanged.
required to complete this Schedule, if

1. 2.

1. 2.

B.

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Ill - Li :

CG 20 10 04 13 © 2004 1 2
Policy # LIG0034901
DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 If coverage provided to the additional insured is
required by a contract or agreement, the most we
will pay on behalf of the additional insured is the
amount of insurance:

1. Required by the contract or agreement; or

2. Available under the applicable Limits of
Insurance shown in the Declarations;
whichever is less.

This endorsement shall not increase the
applicable Limits of Insurance shown in the
Declarations.

CG 20 10 04 13 © ISO Properties, Inc., 2004 Page 2 of 2 Policy # LIG0034901
DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 POLICY NUMBER: LIG0034901 COMMERCIAL GENERAL LIABILITY
CG20110413
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL INSURED - MANAGERS OR

LESSORS OF PREMISES
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

SCHEDULE
Designation Of Premises ( Part Leased To You):

All premises as required by written contract.

Name Of Person( s) Or Organization( s) (Additional Insured):

As required by written contract.

Additional Premium: $
Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

A. Section II - V\lho Is An Insured is amended to
include as an additional insured the person( s) or
organization( s) shown in the Schedule, but only
with respect to liability arising out of the
ownership, maintenance or use of that part of the
premises leased to you and shown in the
Schedule and subject to the following additional
exclusions:

This insurance does not apply to:

1. Any " occurrence" which takes place after you
cease to be a tenant in that premises.

2. Structural alterations, new construction or
demolition operations performed by or on
behalf of the person( s) or organization( s)
shown in the Schedule.

However:

1. The insurance afforded to such additional
insured only applies to the extent permitted
by law; and

2. If coverage provided to the additional insured
is required by a contract or agreement, the
insurance afforded to such additional insured
will not be broader than that which you are
required by the contract or agreement to
provide for such additional insured.

B. With respect to the insurance afforded to these
additional insureds, the following is added to
Section Ill - Limits Of Insurance:

If coverage provided to the additional insured is
required by a contract or agreement, the most we
will pay on behalf of the additional insured is the
amount of insurance:

1. Required by the contract or agreement; or

2. Available under the applicable Limits of
Insurance shown in the Declarations;
whichever is less.

This endorsement shall not increase the
applicable Limits of Insurance shown in the
Declarations.

CG20110413 © Insurance Services Office, Inc., 2012 Page 1 of 1 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 COMI\ JERCIAL GENERAL LIABILITY
CG 20 12 04 13

ADDITIONAL INSURED - STATE OR GOVERNMENTAL

AGENCY OR SUBDIVISION OR POLITICAL

SUBDIVISION - PERMITS OR AUTHORIZATIONS
As required by written contract and/ or issued and valid permit( s).

The inclusion of one or more lnsured( s) under the terms of this endorsement does not increase our limits of liability.
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2. CG 20 12 04 13 © nsance Servces ffce, nc, 2012 Page 1 1 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 POLICY NUMBER: LIG0034901 COMI\ JERCIAL GENERAL LIABILITY CG 20 28 0413
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL INSURED - LESSOR OF

LEASED EQUIPMENT
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

SCHEDULE
Name Of Additional Insured Person(s) Or Organization( s):

If required by written contract or agreement. If anyone, other than the Named Insured, provides similar insurance for the Additional Insured, then this insurance will apply as outlined in SECTION IV - COM MERICAL LIABILITY CONDITIONS. paragraph 4. Other Insurance. subparagraph c. Method of Sharing.

The inclusion of one or more lnsured(s) under the terms of this endorsement does not increase our limits of liability.

All other terms and conditions remain unchanged.

Information reauired to comolete this Schedule, if not shown above, will be shown in the Declarations.

A. Section II - Who Is An Insured is amended to
include as an additional insured the person( s) or
organization( s) shown in the Schedule, but only
with respect to liability for ' bodily injury",
property damage" or " personal and advertising
injury" caused, in whole or in part, by your
maintenance, operation or use of equipment
leased to you by such person( s) or
organization( s ).

However:

1. The insurance afforded to such additional
insured only applies to the extent permitted
by law; and

2. If coverage provided to the additional
insured is required by a contract or
agreement, the insurance afforded to such
additional insured will not be broader than
that which you are required by the contract
or agreement to provide for such additional
insured.

B. With respect to the insurance afforded to these
additional insureds, this insurance does not
apply to any " occurrence" which takes place
after the equipment lease expires.

C. With respect to the insurance afforded to these
additional insureds, the following is added to
Section Ill - Limits Of Insurance:

If coverage provided to the additional insured is
required by a contract or agreement, the most
we will pay on behalf of the additional insured is
the amount of insurance:

1. Required by the contract or agreement; or

2. Available under the applicable Limits of
Insurance shown in the Declarations;
whichever is less.

This endorsement shall not increase the applicable
Limits of Insurance shown in the Declarations.

CG 20 28 0413 © Insurance Services Office, Inc., 2012 Page 1 of 1 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 POLICY NUMBER: LIG0034901 COMMERCIAL GENERAL LIABILITY
CG20370413
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

ADDITIONAL INSURED - OWNERS, LESSEES OR

CONTRACTORS - COMPLETED OPERATIONS
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

PRODUCTS/ COMPLETED OPERATIONS LIABILITY COVERAGE PART

SCHEDULE
Name Of Additional Insured Person( s)
Or Organization( s) Location And Description Of Completed Operations All locations.

As required by written contract.

If anyone, other than the Additional Insured, provides
similar insurance for the Additional Insured, then this insurance will apply as outlined in SECTION IV -
COMMERCIAL LIABILITY CONDITIONS, paragraph

4. Other Insurance, subparagraph c. Method of
Sharing.

The inclusion of one or more lnsured( s) under the
terms of this endorsement does not increase our limits
of liability. Exception for any rough grading and infrastructure work including roads, sidewalks, curbs, gutters, and
All other terms and conditions remain unchanged. utilities that do not involve hook ups to any building, structure or appurtenant structure.

Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

A. Section II - V\lho Is An Insured is amended to
include as an additional insured the person( s) or
organization( s) shown in the Schedule, but only
with respect to liability for " bodily injury" or
property damage" caused, in whole or in part, by
your work" at the location designated and
described in the Schedule of this endorsement
performed for that additional insured and
included in the " products- completed operations
hazard".

However:

1. The insurance afforded to such additional
insured only applies to the extent permitted
by law; and

2. If coverage provided to the additional insured is
required by a contract or agreement, the
insurance afforded to such additional insured will
not be broader than that which you are required
by the contract or agreement to provide for such
additional insured.

CG 20 37 04 13 © Insurance Services Office, Inc., 2012 Page 1 of 2 DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 B. With respect to the insurance afforded to these
additional insureds, the following is added to
Section Ill - Limits Of Insurance:

If coverage provided to the additional insured is
required by a contract or agreement, the most we
will pay on behalf of the additional insured is the
amount of insurance:

1. Required by the contract or agreement; or

2. Available under the applicable Limits of
Insurance shown in the Declarations;
whichever is less.

This endorsement shall not
applicable Limits of Insurance
Declarations.
increase
shown in
the
the

DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

COMMERCIAL GENERAL LIABILITY
CG 20 010413
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

PRIMARY AND NONCONTRIBUTORY -

OTHER INSURANCE CONDITION
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

PRODUCTS/ COMPLETED OPERATIONS LIABILITY COVERAGE PART
The following is added to the Other Insurance
Condition and supersedes any provision to the
contrary:

Primary And Noncontributory Insurance
This insurance is primary to and will not seek
contribution from any other insurance available
to an additional insured under your policy
provided that:
1) The additional insured is a Named Insured
under such other insurance; and
2) You have agreed in writing in a contract or
agreement that this insurance would be
primary and would not seek contribution
from any other insurance available to the
additional insured.

CG 20 010413 © Insurance Services Office, Inc., 2012 Page 1 of 1 Policy # LIG0034901
DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

WAIVER OF TRANSFEROF RIGHTS OF RECOVERY

AGAINST OTHERS TO US
Name Of Person Or Organization:

As Required By Written Contract
required to complete the Schedule, if not shown above, will be shown in the Declarations.

The IS added to Paragraph 8. Transfer
OfRights OfRecovery Agamst others To Us of
Section IV - Conditions:
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DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 POLICY NUMBER: LIG0034901 COMMERCIAL GENERAL LIABILITY
CG 25 03 03 97
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

DESIGNATED CONSTRUCTION PROJECT(S)

GENERALAGGREGATE LIMIT
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

SCHEDULE
Designated Construction Projects:

In consrderatron of the premium charged, rt rs hereby agreed that the General Aggregate L1m1t set forth in declarations shall apply separately to each of your projects apart from premises owned by or rented to you.

Notwithstanding the above, under no circumstances will the total amount recoverable under the General Aggregate Limit exceed $5,000,000. 00 any one policy period for all projects combined.

3. Any payments made under COVERAGE A for
damages or under COVERAGE C for medical
expenses shall reduce the Designated
Construction Project General Aggregate Limit
for that designated construction project. Such
payments shall not reduce the General
Aggregate Limit shown in the Declarations
nor shall they reduce any other Designated
Construction Project General Aggregate Limit
for any other designated construction project
shown in the Schedule above.

4. The limits shown in the Declarations for Each
Occurrence, Fire Damage and Medical
Expense continue to apply. However, instead
of being subject to the General Aggregate
Limit shown in the Declarations, such limits
will be subject to the applicable Designated
Construction Project General Aggregate Limit.

B. For all sums which the insured becomes legally
obligated to pay as damages caused by
occurrences" under COVERAGE A (SECTION
I), and for all medical expenses caused by
accidents under COVERAGE C ( SECTION I),
which cannot be attributed only to ongoing
operations at a single designated construction
project shown in the Schedule above:
a. Insureds;
b. Claims made or " suits" brought; or
c. Persons or organizations making claims or
bringing " suits".

If no entry appears above, information required to complete this endorsement will be shown in the Declarations as applicable to this endorsement.)
A. For all sums which the insured becomes legally
obligated to pay as damages caused by
occurrences" under COVERAGE A (SECTION
I), and for all medical expenses caused by
accidents under COVERAGE C ( SECTION I),
which can be attributed only to ongoing
operations at a single designated construction
project shown in the Schedule above:

1. A separate Designated Construction Project
General Aggregate Limit applies to each
designated construction project, and that limit
is equal to the amount of the General
Aggregate Limit shown in the Declarations.

2. The Designated Construction Project General
Aggregate Limit is the most we will pay for the
sum of all damages under COVERAGE A,
except damages because of " bodily injury" or
property damage" included in the " productscompleted operations hazard", and for medical expenses under COVERAGE C
regardless of the number of:

CG 25 03 03 97 Copyright, Insurance Services Office, Inc., 1996 Page 1 of 2 D DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

1. Any payments made under COVERAGE A for
damages or under COVERAGE C for medical
expenses shall reduce the amount available
under the General Aggregate Limit or the
Products- Completed Operations Aggregate
Limit, whichever is applicable; and

2. Such payments shall not reduce any
Designated Construction Project General
Aggregate Limit.

C. Vvhen coverage for liability arising out of the
products- completed operations hazard" is
provided, any payments for damages because of
bodily injury" or " property damage" included in
the " products- completed operations hazard" will
reduce the Products- Completed Operations
Aggregate Limit, and not reduce the General
Aggregate Limit nor the Designated Construction
Project General Aggregate Limit.

D. If the applicable designated construction project
has been abandoned, delayed, or abandoned
and then restarted, or if the authorized
contracting parties deviate from plans, blueprints,
designs, specifications or timetables, the project
will still be deemed to be the same construction
project.

E. The provisions of Limits Of Insurance ( SECTION
Ill) not otherwise modified by this endorsement
shall continue to apply as stipulated.

DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

COMMERCIAL AUTO
AC 85 43 06 18
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

CALIFORNIA BUSINESS AUTO COVERAGE

ENHANCEMENT ENDORSEMENT

BUSINESS AUTO COVERAGE FORM

COVERAGE INDEX

PROVISION NUMBER
12 3
20 5
14 24
2 10
16 22
6 15
1 17
11 B
13 23
9 4
7 18
19 21

SUBJECT

ACCIDENTAL AIRBAG DEPLOYMENT
ADDITIONAL INSURED BY CONTRACT. AGREEMENT OR PERMIT
AMENDED DUTIES IN THE EVENT OF ACCIDENT. CLAIM. SUIT OR LOSS

AMENDED FELLOW EMPLOYEE EXCLUSION
AUDIO. VISUAL AND DATA ELECTRONIC EQUIPMENT COVERAGE

BODILY INJURY REDEFINED

EXTRA EXPENSE- BROADENED COVERAGE

GLASS REPAIR - WAIVER OF DEDUCTIBLE

HIRED AUTO COVERAGE TERRITORY
I

NEWLY FORMED OR ACQUIRED SUBSIDIARIES

PARKED AUTO COLLISION COVERAGE ( WAIVER OF DEDUCTIBLE)

PERSONAL EFFECTS COVERAGE

PHYSICAL DAMAGE - ADDITIONAL TRANSPORTATION EXPENSE COVERAGE

PHYSICAL DAMAGE DEDUCTIBLE - VEHICLE TRACKING SYSTEM

PRIMARY AND NON- CONTRIBUTORY - WRITTEN CONTRACT OR WRITTEN AGREEMENT

RENTAL REIMBURSEMENT

SUPPLEMENTARY PAYMENTS

TOWING AND LABOR

TWO OR MORE DEDUCTIBLES

UNINTENTIONAL FAILURE TO DISCLOSE HAZARDS

WAIVER OF TRANSFER OF RIGHTS OF RECOVERY AGAINST OTHERS TO US SECTION II - LIABILITY COVERAGE follows:

1. NEWLY FORMED OR ACQUIRED SUBSIDIARIES
SECTION LIABILITY COVERAGE, A.1. Who Is An Insured
d.
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DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35 SECTION IV - BUSINESS AUTO CONDITIONS, General Conditions, B.5. other Insurance

1. SECTION V - DEFINITIONS follows:

24. SECTION V - DEFINITIONS , C.
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DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

WORKERS COMPENSATION AND EMPLOYERS LIABIUTY INSURANCE POLICY WAIVER OF OUR RIGHT TO RECOVER FROM OTHERS ENDORSEMENT - 81..ANKET Ed 8-00)
Ne \ Ne
tn ( Tt" Hs eppues cnty
wntten
ecorbcnal be
Orqaruzat.on

ANY PERSON OR

ORGANIZATION WHEN
REQUIRED BY w" RITTEN

CONTRACT
2 % of Cehtcrrua

ALL CA OPERATIONS
This enocrserrent has iy hih 1t rs ah and i ctiv or,th iu unlss rise a The information below is required only when this endorsement is issued subsequent to preparation of the policy.) Enorse Effec ive 01/ 01/ 2020 P i y N WPL 5045519 01
I u NPG INC
Enoorserrent No
Premurn c INCL.

I ur n C n INSURANCE COMPANY OF THE WEST
Counters:gned By _
WC 90634
Ed. 8-00)
DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

CITY OF LAKE ELSINORE

TO BE POSTED IN A CONSPICUOUS PLACE
Business Name:

Business Location:

Owner Name( s):

BUSINESS LICENSE NO.

Issue Date:

Description:

Expiration Date:

BUSINESS LICENSE
THIS IS YOUR LICENSE • NOT TRANSFERABLE
P O BOX 1515 Business Type:

PERRIS, CA 92572

NPG CORPORATION
P O BOX 1515
PERRIS, CA 92572
This business license is issued for revenue purposes only and does not grant authorization to operate a business. This business license is issued without verification that the holder is subject to or exempted from licensing by the state, county, federal government, or any other governmental agency.

Administrative Services - Licensing
130 South Main Street, Lake Elsinore, CA 92530
PH (951) 674-3124

NPG CORPORATION

JEFF NELSON

EARTHWORK CONTRACTOR

GENERAL CONTRACTOR
006913
2/1/2020 1/31/2021
DocuSign Envelope ID: 47E924A7- D034-4626-B700- 582D49298A35

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Candice Alvarez, MMC, Secretary
Date: June 27, 2023
Subject: Minutes of the Regular Successor Agency Meeting of June 13, 2023 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:

June 13, 2023
Closed Session: 5:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
CALL TO ORDER - 5:00 P.M.

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

ROLL CALL

Present: 3 - Council Members Tisdale and Magee; and Mayor Johnson

Absent: 2 - Council Member Sheridan; and Mayor Pro Tem Manos

PUBLIC COMMENTS FOR CLOSED SESSION ITEMS
There were no speakers.

CLOSED SESSION
A. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 377-180-037
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Southern California Investors Under negotiation: Price and terms of payment
B. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 373-151-014
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Leticia Cervantes Under negotiation: Price and terms of payment
City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 2 :

C. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 373-151-021
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Mabel A. Prats Under negotiation: Price and terms of payment
D. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: APN 374-173-004
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Berthanna Taylor Under negotiation: Price and terms of payment
E. Conference With Real Property Negotiator
(Gov’t Code Section 54956.8)
Property: Portion of 389-020-056
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Boys and Girls Club of Southwest County Under negotiation: Price and terms of payment
F. Conference With Legal Counsel--Anticipated Litigation Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Section 54956.9:
2 potential cases
RECESS
The City Council recessed into Closed Session at 5:01 p.m.

Mayor Pro Tem Manos arrived at 5:15 p.m.

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

PLEDGE OF ALLEGIANCE
Mayor Johnson led the Pledge of Allegiance.

MOMENT OF SILENCE

ROLL CALL

Present: 4 - Council/Agency Members Tisdale and Magee; Mayor Pro Tem/Vice Chair Manos; and Mayor/Chair Johnson

Absent: 1 - Council/Agency Member Sheridan
City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 3 :

CLOSED SESSION REPORT
City Attorney Leibold noted that the correct APN for Item D is 374-173-004; and reported that all items were discussed; however, no reportable action was taken.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - ONE MINUTE
Douglas Norfolk was called to speak.

Ace Vallejos was called to speak.

Paulie Tehrani was called to speak.

CITY COUNCIL CONSENT CALENDAR
A motion was made by Mayor Pro Tem Manos, seconded by Council Member Tisdale to approve the City Council Consent Calendar with Agenda Item No. 12 being removed for discussion and Agenda Item No. 16 being removed from the agenda. The motion carried by the following vote:

Aye: 4 Council Members Tisdale and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None

Absent: 1 Council Member Sheridan

1) Minutes of the Regular City Council Meeting of May 23, 2023 Approve the Minutes.

This item was approved on the City Council Consent Calendar. 2) Second Reading of an Ordinance Amending and Restating LEMC Chapter 2.24 (Planning Commission)
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL

OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING AND RESTATING IN ITS ENTIRETY CHAPTER 2.24 (PLANNING COMMISSION) OF THE LAKE ELSINORE MUNICIPAL CODE.

This item was approved on the City Council Consent Calendar. 3) Annual Adoption of Investment Policy
Approve the 2023 Investment Policy.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 4 :
4) Amendment No. 2 - Agreement With County of Riverside Sheriff's Department for Law Enforcement Services
Approve Amendment No. 2 with the County of Riverside Sheriff's Department to perform law enforcement services, per the fee and terms noted in the attached agreement, and authorize the Mayor to execute the agreement in substantially the form attached and in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 5) Change Order No.1 to Endresen Development Construction Agreement for the Anchor Rehabilitation Project
Approve and authorize the City Manager to execute Change Order No. 1 not exceeding $171,000.00 Endresen Development for the Anchor Rehabilitation Project (CIP Project # Z20032).

This item was approved on the City Council Consent Calendar. 6) Notice of Decision – Planning Commission Approval of Planning Application No. 2022-26 for a Conditional Use Permit to Establish a New Bar and Restaurant Facility in an Existing, Recently Rehabilitated 2,776 Sq. Ft. Building and a Design Review for Minor Onsite Modifications Located at 31502 Riverside Drive Receive and file the Notice of Decision for Planning Application No. 2022-26 approved by the Planning Commission on May 16, 2023.

This item was approved on the City Council Consent Calendar. 7) Professional Services Agreement to Provide Construction Engineering & Inspection Services for the Highway Safety Improvement Program (HSIP) Cycle 9 Traffic Signal Improvements Project
Approve and Authorize the City Manager to execute a Professional Services Agreement with Transtech Engineers, Inc. for $170,020 to provide construction engineering & inspection services for the Highway Safety Improvement Program (HSIP) Cycle 9 Traffic Signal Improvements Project, plus an additional 10% contingency, in final form as approved by City Attorney.

This item was approved on the City Council Consent Calendar. 8) Professional Services Agreement with Fehr & Peers for Preparation of the City’s Local Road Safety Plan (LRSP)
Approve and authorize the City Manager to execute the Professional Services Agreement with Fehr & Peers for $79,980 to prepare a Local Road Safety Plan (LRSP) for the City, plus an additional 10% contingency for unforeseen expenditures, in final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 5 :
9) Second Amendment to On-call Services Agreement with WSP Environmental & Infrastructure Solutions, Ind., (Formerly Wood Environment & Infrastructure Solutions, Inc.

Approve and authorize the City Manager to execute Amendment No. 2 to the On-Call Services Agreement with WSP Environmental & Infrastructure Solutions, Inc. for Lake Water Testing for an additional $20,000 bringing the total contract amount not to exceed $70,000 in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 10) Notice of Decision – Planning Commission Approval of Planning Application No. 2023-11 (Bellevue Career College) for a Conditional Use Permit Establishing a Nursing School within a 2,975 Sq. Ft. Unit Located at 31569 Canyon Estates Drive Suites 207-222
Receive and File the Notice of Decision for Planning Application No. 2023-11 approved by the Planning Commission on May 16, 2023.

This item was approved on the City Council Consent Calendar. 11) Amendment No. 1 to Contractor Services Agreement Between Azteca Cleaning Services LLC and the City of Lake Elsinore.

Approve and authorize the City Manager to execute Amendment No. 1 to the On-Call Contractor Services Agreement with Azteca Cleaning Servicves, LLC in an additional amount not to exceed $50,000 (new annual total of $261,000) for cleaning services in such final form as approved by the City Attorney; and authorize the City Manager to execute change orders not exceeding a 10% contingency of $26,100 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar. 12) 2023 Annual Consumer Price Index Increase for Refuse Collection Services Provided by CR&R
Receive and file this report and the proposed rate increases since the rate increases fall within the allowable amount per the franchise agreement.

This item was removed from the City Council Consent Calendar for discussion. 13) Amendment No. 2 to the Professional Services Agreement with Adams-Streeter Civil Engineers Inc., for the Main Street Pedestrian Safety Improvements and Information Technology Infrastructure Project Z10075
Approve and Authorize the City Manager to execute Amendment No. 2 to the Agreement for Professional Services with Adams-Streeter Civil Engineers Inc., for an additional amount of $34,765 bringing the total contract amount not to exceed $251,620 in final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 6 :
14) Construction Contract with Aneen Construction Inc. for Downtown SB-821 Curb, Gutter and Sidewalk and Sumner Avenue Signing and Striping Project Z10081

1. Award the Public Works Construction Agreement for the Downtown SB-821 Curb, Gutter and Sidewalk and Sumner Avenue Signing and Striping Project Z10081 to Aneen Construction Inc.;

2. Approve and authorize the City Manager to execute the Agreement in the not to exceed amount of $816,968.25 to Aneen Construction Inc in such final form as approved by the City Attorney;

3. Authorize the City Manager to execute change orders not to exceed 10% contingency amount of $81,696.82; and

4. Authorize City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted into the City maintained drainage network.

This item was approved on the City Council Consent Calendar. 15) Construction Contract with ATP General Engineering Contractors for Summerhill Drive Pavement Rehabilitation Project Z10098

1. Award the Public Works Construction Agreement for the Summerhill Drive Pavement Rehabilitation Project Z10098 to ATP General Engineering Contractors;

2. Approve and authorize the City Manager to execute the Agreement in the not to exceed amount of $1,148,805.00 to ATP General Engineering Contractors in such final form as approved by the City Attorney;

3. Authorize the City Manager to execute change orders not to exceed 10% contingency amount of $114,880.00; and

4. Authorize the City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted into the City maintained drainage network.

This item was approved on the City Council Consent Calendar. 16) Change Order No.1 to United Carports, LLC for the Stadium Facility Project, CIP, Project No. Z20003
Approve and authorize the City Manager to execute Change Order No. 1 not exceeding $16,500.00 for the Stadium Facility Project to United Carports, LLC.

This item was removed from the agenda.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 7 :
17) Landscape Maintenance Agreements Between the City and the State of California

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

CALIFORNIA, AUTHORIZING THE EXECUTION OF A LANDSCAPE

MAINTENANCE AGREEMENT BY AND BETWEEN STATE OF CALIFORNIA AND

CITY OF LAKE ELSINORE FOR LANDSCAPE IMPROVEMENTS INSTALLED ON STATE ROUTE 74 AT SOUTHWEST CORNER ON GRAND AVENUE; and,

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

CALIFORNIA, AUTHORIZING THE EXECUTION OF A LANDSCAPE

MAINTENANCE AGREEMENT BY AND BETWEEN STATE OF CALIFORNIA AND

CITY OF LAKE ELSINORE FOR LANDSCAPE IMPROVEMENTS INSTALLED ON STATE ROUTE 74 AT EAST CORNER ON GRAND AVENUE; and

3. Approve and authorize the Mayor and City Manager to execute the Landscape Maintenance Agreements between the City and the California Department of Transportation.

This item was approved on the City Council Consent Calendar. 18) Public Works Construction Agreement with Npg, Inc. for Asphalt Repairs, Slurry Seal, and Striping for Parking Lots (Project No. Z40023)

1. Award a Construction Agreement to NPG, Inc., for Asphalt Repairs, Slurry Seal, and Striping for Parking Lots (CIP Project No. Z40023); and,

2. Approve and Authorize the City Manager to execute the Agreement in the not-toexceed amount of $399,910.00 for Asphalt Repairs, Slurry Seal, and Striping for Parking Lots with NPG, Inc., in the form attached and in such final form as approved by the City Attorney; and,

3. Authorize the City Manager to execute change orders not exceeding a 10% contingency of $39,991.00 for construction uncertainties and adjustments.

This item was approved on the City Council Consent Calendar. 19) Adoption of the FY 2023-24 Annual Operating Budget, Schedule of Authorized Positions, and the Gann Limit

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING THE FY 2023-24 ANNUAL OPERATING BUDGET AND ESTABLISHING THE CONTROLS ON CHANGES IN THE APPROPRIATIONS; and,

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, REVISING THE SCHEDULE OF AUTHORIZED POSITIONS; and,

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

CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR FY 2023-24 AND SELECTING THE POPULATION AND INFLATION FACTOR ACCORDINGLY.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 8 :
20) Change Order No. 1 to Public Works’ Construction Agreement with Hellas Construction, Inc. for the Canyon Hills Community Park Synthetic Turf Purchase, and Installation Project (CIP Project #Z40024)
Approve and authorize the City Manager to execute Change Order No. 1 for the Canyon Hills Community Park Synthetic Turf Purchase, and Installation Project (CIP Project #Z40024) not to exceed amount of $375,587.00 with Hellas Construction, Inc.

This item was approved on the City Council Consent Calendar. 21) Eighth Amendment to License Agreement with California Family Life Center for the Planet Youth Program
Approve and authorize the City Manager to execute the Eighth Amendment with California Life Center for Planet Youth in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 22) CC Warrant Report Dated May 05, 2023 to May 12, 2023 Receive and File.

This item was approved on the City Council Consent Calendar. 23) CC Warrant Report Dated May 13, 2023 to May 18, 2023 Receive and File.

This item was approved on the City Council Consent Calendar.

ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR DISCUSSION 12) 2023 Annual Consumer Price Index Increase for Refuse Collection Services Provided by CR&R
Receive and file this report and the proposed rate increases since the rate increases fall within the allowable amount per the franchise agreement.

Ace Vallejos was called to speak.

Paulie Tehrani was called to speak.

A motion was made by Mayor Pro Tem Manos, seconded by Mayor Johnson to receive and file the report and proposed rate increases. The motion carried by the following vote:

Aye: 4 Council Members Tisdale and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None

Absent: 1 Council Member Sheridan
City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 9 :

SUCCESSOR AGENCY CONSENT CALENDAR
A motion was made by Agency Member Tisdale, seconded by Vice Chair Manos to approve the Successor Agency Consent Calendar. The motion carried by the following vote:

Aye: 4 Agency Members Tisdale and Magee; Vice Chair Manos; and Chair Johnson Nay: 0 None

Absent: 1 Agency Member Sheridan
30) Minutes of the Regular Successor Agency Meeting of May 23, 2023 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar. 31) SA Warrant Report Dated May 05, 2023 to May 12, 2023 Receive and File.

This item was approved on the Successor Agency Consent Calendar. 32) SA Warrant Report Dated May 13, 2023 to May 18, 2023 Receive and File.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARING
33) Second Extension of Time Request for Tentative Tract Map No. 37381 and Tentative Tract Map No. 37382 (Wasson Canyon)

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING A ONE-YEAR EXTENSION OF TIME TO MAY 14, 2024 FOR TENTATIVE TRACT MAP NO. 37381; and

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING A ONE-YEAR EXTENSION OF TIME TO MAY 14, 2024 FOR TENTATIVE TRACT MAP NO. 37382.

The Public Hearing was opened at 7:20 p.m.

Assistant Community Development Director Abraham presented the staff report.

Mike Matthews was called to speak.

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

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 10 :

A motion was made by Mayor Pro Tem Manos, seconded by Council Member Tisdale to adopt the two Resolutions. The motion carried by the following vote:

Aye: 4 Council Members Tisdale and Magee; Mayor Pro Tem Manos; and Mayor Johnson
Nay: 0 None

Absent: 1 Council Member Sheridan

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

CITY MANAGER'S COMMENTS
City Manager Simpson had no comments.

CITY ATTORNEY COMMENTS
City Attorney Leibold had no comments.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Tisdale reported on his attendance at the California Council of Governments meeting.

Council Member Magee shared his attendance at the ribbon cutting for the Main Street Mobil Circle K; remarked on the Just 4 Kids Fishing Derby which was held on Saturday, June 3, 2023, with 155 participants; noted that City Hall will be closed on Monday, June 19, 2023 in observance of Juneteenth; and announced that the SCCA Los Angeles Chapter will host runs on Sunday, June 25, 2023 at Diamond Stadium.

Mayor Pro Tem Manos reported on his attendance at the Southern California Association of Governments Regional Council and Transportation Committee meetings on June 1, 2023, the Riverside County Airport Land Use Commission meeting on June 8, 2023, and a meeting with Lake Elsinore & San Jacinto Watershed Authority (LESJWA) on June 6, 2023; congratulated the recipients of the 2023 Carl Graves Scholarship awards; invited the community to attend the Movies in the Park event on June 14, 2023 at 8:00 p.m. at Summerly Park; and announced the Live at the Lakefront concert schedule.

Mayor Johnson provided updates on legislative affairs; invited the community to attend the Fourth of July Party in the Park from 9:00 to 11:00 a.m. at Summerly Park and view the Fireworks spectacular beginning at 9:00 p.m.; spoke on the Riverside County Sheriff’s public outreach meeting; congratulated 2023 Lake Elsinore graduates; and congratulated MichiTacos for winning $5,000 in restaurant resilience grants from Southern California Gas.

City Council Minutes - Draft June 13, 2023
City of Lake Elsinore Page 11 :

ADJOURNMENT
The Lake Elsinore City Council adjourned at 7:59 p.m. to the next Regular meeting of Tuesday, June 27, 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.

REPORT TO SUCCESSOR AGENCY 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: June 27, 2023
Subject: SA Warrant Report Dated May 19, 2023, to May 25, 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 abovementioned period.

Attachments
Attachment 1 - SA Warrant Summary
Attachment 2 - SA Warrant List
MAY 19, 2023 TO MAY 25, 2023 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III $ 75,937.00
540 SARDA DIAMOND STADIUM 25,500.00
GRAND TOTAL $ 101,437.00
Attachment 1 1 of 1
MAY 19, 2023 TO MAY 25, 2023 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23004177 LAKE ELSINORE STORM $ 75,937.00
APA23004146 AMBER AIR CONDITIONING 25,500.00
GRAND TOTAL $ 101,437.00
Attachment 2 1 OF 1

REPORT TO SUCCESSOR AGENCY 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: June 27, 2023
Subject: SA Warrant Report Dated May 26, 2023, to Jun 01, 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 abovementioned period.

Attachments
Attachment 1 - SA Warrant Summary
Attachment 2 - SA Warrant List
MAY 26, 2023 TO JUN 01, 2023 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III $ -
540 SARDA DIAMOND STADIUM 61,099.10
GRAND TOTAL $ 61,099.10
Attachment 1 1 of 1
MAY 26, 2023 TO JUN 01, 2023 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
5569 ENDRESEN DEVELOPMENT $ 24,961.60
5571 ENDRESEN DEVELOPMENT 4,200.00
5570 ENDRESEN DEVELOPMENT 28,000.00
5577 PROSTAFF 3,937.50
GRAND TOTAL $ 61,099.10
Attachment 2 1 OF 1

REPORT TO SUCCESSOR AGENCY 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: June 27, 2023
Subject: SA Warrant Report Dated Jun 02, 2023, to Jun 08, 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 abovementioned period.

Attachments
Attachment 1 - SA Warrant Summary
Attachment 2 - SA Warrant List
JUN 02, 2023 TO JUN 08, 2023 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III $ -
540 SARDA DIAMOND STADIUM 124,844.69
GRAND TOTAL $ 124,844.69
Attachment 1 1 of 1
JUN 02, 2023 TO JUN 08, 2023 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
143348 GOLDEN STATE CONCESSIONS & CATERING $ 115,760.64 143377 SOUTHERN CALIFORNIA EDISON CO. 104.05
143370 REGAN PAVING 8,980.00
GRAND TOTAL $ 124,844.69
Attachment 2 1 OF 1

REPORT TO SUCCESSOR AGENCY 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: June 27, 2023
Subject: SA Investment Report for May 2023
Recommendation
Receive and file the Investment Report for May 2023.

Discussion
The Investment Report lists all funds invested for the City of Lake Elsinore. It 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 May 2023

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:

General Checking Account 25,663,152 $ 55,305 $ (15,276) $ 25,703,180 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 25,663,152 55,305 (15,276) 25,705,480

INVESTMENTS
Local Agency Investment Funds 60,059,580 - - 60,059,580 CAMP Investments:

CAMP Pool Account - 19,446 - 19,446
U.S. Treasury Bond / Note 26,897,005 - - 26,897,005
Supra-National Agency Bond / Note - 1,133,455 - 1,133,455 Municipal Bond / Note 1,536,023 - - 1,536,023
Federal Agency Commercial Mortgage-Backed Security - 1,421,139 - 1,421,139 Federal Agency Bond / Note 5,011,578 - - 5,011,578
Corporate Note 11,571,470 - - 11,571,470
Certificate of Deposit 900,000 - - 900,000
Asset-Backed Security 3,362,243 - - 3,362,243
Sub-total Investments 111,911,939 - - 111,911,939
Market Value Adjustment:

Unrealized Gain/(Loss) at 03/31/2023 (2,162,400) - - (2,162,400) Total Investments 109,749,539 - - 109,749,539
Total Pooled Cash and Investments 135,412,691 $ 55,305 $ (15,276) $ 135,455,019 $ TOTAL POOLED CASH AND INVESTMENTS $ 135,455,019
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 June 15, 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 May 31, 2023

FUND NO FUND NAME AMOUNT
100 General 21,288,467 $
102 Measure Z 19,366,156
106 Affordable Housing In Lieu 632,179
107 Developer Agreement Revenue 60,217
108 American Rescue Plan 9,395,048
110 State Gas Tax 1,183,657
112 Measure A 1,091,398
114 SB1186 CASP Education Program 54,669
115 Traffic Safety 29,454
117 Community Center DIF 152,384
118 Lake Side Facility DIF 259,305
119 Animal Shelter DIF 22,997
135 Lighting & Landscape Maintenance - Dist. No. 1 1,203,734 140 Geothermal 11,723
160 PEG Grant 80,853
180 Launch Pointe 1,147,825
202 La Strada RBBD 23,908
203 E.L.S.P. - S.T.I.F. 3,371,464
205 Traffic Impact Fee 184,129
211 Storm Drain C.I.P. 3,088,709
221 Quimby Park C.I.P. 62,471
231 Library C.I.P. 1,323,238
232 City Fire Protection 566,006
300 Insurance Service 1,562,381
305 Information Systems Service 2,901,347
310 Support Service 32,091
315 Fleet Service 526,065
320 Facilities Service 2,264,582
331 CFD 2006-1CC Summerly Improvement Area CC 131,047
332 CFD 2006-1 Improvement Area B, Summerly 116,442
333 CFD 2015-3 Terracina 681
334 CFD 2015-5 Trieste - Far West Industries 113,548
335 CFD 2003-2E Canyon Hills Improvement Area E 97,526
336 CFD 2006-1FF Summerly Improvement Area FF 142,194
337 CFD 2016-2 Canyon Hills 735,951
338 CFD 2006-1 IA-JJ Summerly Improvement Area 210,666
339 CFD 2006-1 IA-KK Summerly Improvement Area 156,878
340 CFD 2006-1 IA-EE Summerly Improvement Area 187,260
345 CFD 2003-2 Improvement Area D, Canyon Hills 1,431,561 346 CFD 2014-1 Southshore 68,141
347 CFD 2006-1 Improvement Area A, Summerly 171,749
350 CFD 98-1 Summerhill 856,613
351 CFD 2006-1 IA-II Summerly Improvement 163,190
354 CFD 90-2 Tuscany Hills 1,189,517
355 RAD 2021-1 Canyon Hills Improvement 835,598
357 CFD 2003-2 Canyon Hills Improvement Area 471,851
361 CFD 2022-2 Lakeshore Improvement 13,533
362 CFD 2006-8S Running Deer Estates Services 24,841
363 CFD 2022-3 Lakeside 20,448
364 CFD 2023-2 Coastal Mission Trail Improvement 40,000

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 May 31, 2023

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 May 31, 2023
366 CFD 2005-6 City Center Townhomes 196,007
368 CFD 2006-2 Viscaya 377,247
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 1,205,712 370 CFD 2006-1 IA-HH Summerly Improvement 197,273
371 CFD 2005-1 Serenity 485,715
372 CFD 2005-2 Alberhill Ranch Improvement Area 1,181,960 374 CFD 2005-4 Lakeview Villas 6,639
375 CFD 2006-4 Clurman 249,970
376 CFD 2006-3 La Strada 488
377 CFD 2006-6 Tessara 130,013
378 CFD 2006-8 Running Deer Estates 60,693
384 CFD 2003-2 Area B Canyon Hills Improvement Area 1,499,792 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 1,374,655 386 CFD 2007-4 Mekenna Court 123,274
387 CFD 2007-5 Red Kite 93,043
388 CFD 2007-6 Holiday Inn Express 5,548
390 CFD 2003-2 Area C Canyon Hills Improvement Area 476,385 392 CFD 95-1 City Center 101,674
394 CFD 2005-5 (2012A) Wasson Canyon 233,685
395 CFD 2018-1 Wasson Canyon II Improvement Area 9,337
396 CFD 2018-2 Nichols Ranch Improvement Area 930
397 CFD 2018-3 Village at Lakeshore 161,821
500 Capital Improvement Plan 4,373,577
510 Successor To RDA Area I, II, & III 4,766,673
540 Successor To RDA Diamond Stadium 816,434
603 Endowment Trust - Carl Graves 58,940
604 Endowment Trust - Korn Memorial 33,685
605 Public Improvement Trust 1,675,842
606 Mobile Source Air Polution Reduction 256,795
608 Trust Deposit & Pre Paid Expense 1,522,288
617 Successor Agency Housing 25,929,131
620 Cost Recovery System 5,913,962
631 Lake Destratification Equipment Replacement 506,726 650 CFD 2003-1 Law & Fire Service 1,637,977
651 CFD 2006-5 Park & Open Space Service 53,129
652 CFD 2007-1 Law & Fire Service 52,737
653 CFD 2009-1 Parks & Lighting Service 357,127
655 CFD 2015-1s Law, Fire, Paramedic Services 262,444
Total Pooled Cash & Investments $ 135,455,019

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.02% 19,446 $
U.S. Treasury Bond / Note Unlimited 24.03% 26,897,005 $ Supra-National Agency Bond / Note 30% 1.01% 1,133,455 $ Municipal Bond / Note Unlimited 1.37% 1,536,023 $
Federal Agency Collaterized Mortgage Obligation 40% 1.27% 1,421,13 $ 9 Federal Agency Bond / Note Unlimited 4.48% (1) $ 5,011,578 Corporate Note 30% 10.34% 11,571,470 $
Negotiable Certificates of Deposit 30% 0.80% 900,000 $
Asset-Backed Security / Collaterized Mortgage 20% 3.00% 3,362,243 $ LAIF (Local Agency Investment Funds) $150 Million 53.67% (2) $ 60,059,580 TOTAL 100.00% 111,911 $ ,939
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 May 31, 2023
Local Agency Investment Fund
May 2.993
April 2.870
March 2.831
PMIA Quarter to Date(1): 2.63
PMIA Average Life 275 (1):

LAIF Apportionment Rate 2.74 (2):

0.00007493902135155

0.986510329
LAIF Earnings Ratio(2):

LAIF Fair Value Factor(1):

PMIA Daily(1): 2.87
Treasuries

66.66%
Agencies

20.56%
Certificates of
Deposit/Bank Notes

5.59%
Time
Deposits

2.84%
Commercial
Paper

3.94%
Corporate
Bonds

0.23%
Loans

0.18%
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 06/07/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/23
Chart does not include $3,011,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
04/30/23
$185.4 billion
Yield Purchase Date Maturity Rate

2.993% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ (3,500,000) 63,559,580 $ 60,059,580 $ 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 May 31, 2023
CAMP
Investment Portfolio
Account Statement - Transaction Summary For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
342,105.09
1,053,368.38
(1,376,027.83)

0.00 $19,445.64
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 469.22
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
50,236,941.15
1,367,455.27
(858,185.39)
(275,210.84)
$50,471,000.19
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 170,168.11
May 31, 2023 April 30, 2023
Asset Summary
CAMP Pool 19,445.64 342,105.09
CAMP Managed Account 50,471,000.19 50,236,941.15
Total $50,490,445.83 $50,579,046.24
Asset Allocation

0.04%
CAMP Pool

99.96%
CAMP Managed
Account

Managed Account Summary Statement For the Month Ending May 31, 2023

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
$342,105.09
1,053,368.38
(1,376,027.83)
$19,445.64
469.22
$50,236,941.15
(80,646.32)
(777,539.07)
1,367,455.27

0.00 (275,210.84)
$50,471,000.19
$50,579,046.24
$50,490,445.83
166,620.02
(4,500.49)
8,048.58
$170,168.11

0.00 779,725.36
164,433.73
80,646.32
(1,371,955.76)
347,150.35

0.00 Managed Account Total
51,977,203.83 51,996,649.47
183,338.84
779,725.36
80,646.32
164,433.73
(1,371,955.76)
(51,424,871.26)
(265,395.61)

0.00 183,338.84
2,155,753.19
80,646.32
164,433.73
(2,425,324.14)
(51,766,976.35)
(265,395.61)
469.22
Total Accrual Basis Earnings $123,125.45 $123,594.67
Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $0.00

Portfolio Summary and Statistics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 28,375,000.00 26,529,508.66 52.55 Supra-National Agency Bond / Note 1,135,000.00 1,087,975.17 2.15 Municipal Bond / Note 1,535,000.00 1,444,250.75 2.86
Federal Agency Commercial
Mortgage-Backed Security
1,455,000.00 1,395,142.53 2.76
Federal Agency Bond / Note 5,025,000.00 4,740,843.33 9.39 Corporate Note 11,565,000.00 11,076,879.47 21.94
Certificate of Deposit 900,000.00 898,365.15 1.78
Asset-Backed Security 3,362,665.42 3,298,035.13 6.53
Managed Account Sub-Total 53,352,665.42 50,471,000.19 99.96% Accrued Interest 183,338.84
Total Portfolio 53,352,665.42 50,654,339.03
CAMP Pool 19,445.64 19,445.64 0.04
Total Investments 53,372,111.06 50,673,784.67 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

6.53% ABS

1.78%
Cert of Deposit

21.94%
Corporate Note

9.39%
Fed Agy Bond /
Note

2.76%
Federal Agency
Commercial
Mortgage-Backed
Security

0.04%
Joint Powers
Authority

2.86%
Muni Bond / Note

2.15%
Supra-National
Agency Bond / Note 52.55%
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

4.40%

11.06% 10.46%

22.04%

41.29%

10.75%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 986

2.87%

4.44%

Managed Account Issuer Summary For the Month Ending May 31, 2023

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

3.30%
A

2.38%
A+

6.73%
A3.70%
AA

66.40%
AA+

3.63%
AA9.09%
AAA

0.04%
AAAm

2.67%
BBB+

2.06%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
ABBOTT LABORATORIES 221,128.43 0.44
AMAZON.COM INC 440,507.88 0.87
AMERICAN EXPRESS CO 351,617.20 0.70
AMERICAN HONDA FINANCE 387,778.80 0.77
APPLE INC 737,103.28 1.45
BANK OF AMERICA CO 431,003.93 0.85
BERKSHIRE HATHAWAY INC 449,777.50 0.89
BMW FINANCIAL SERVICES NA LLC 223,764.03 0.44
BRISTOL-MYERS SQUIBB CO 368,213.63 0.73
CALIFORNIA STATE UNIVERSITY 77,823.45 0.15
CAMP Pool 19,445.64 0.04
CAPITAL ONE FINANCIAL CORP 731,138.85 1.45
CARMAX AUTO OWNER TRUST 280,521.66 0.56
CATERPILLAR INC 205,081.20 0.41
CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 96,632.00 0.19 CHARLES SCHWAB 377,895.69 0.75
CINTAS CORPORATION NO. 2 63,265.67 0.13
CITIGROUP INC 218,200.28 0.43
DEERE & COMPANY 94,767.30 0.19
DISCOVER FINANCIAL SERVICES 499,639.68 0.99
FANNIE MAE 1,556,247.80 3.07
FEDERAL HOME LOAN BANKS 462,093.45 0.92
FLORIDA STATE BOARD OF ADMIN FIN CORP 286,632.20 0.57
FORD CREDIT AUTO OWNER TRUST 129,175.80 0.26
FREDDIE MAC 4,117,644.61 8.15
GENERAL DYNAMICS CORP 220,470.30 0.44
GM FINANCIAL CONSUMER AUTOMOBILE TRUST 354,311.66 0.70
GM FINANCIAL LEASINGTRUST 68,278.70 0.14
GOLDMAN SACHS GROUP INC 393,502.00 0.78
HARLEY-DAVIDSON MOTORCYCLE TRUST 169,431.66 0.34
HOME DEPOT INC 24,141.05 0.05
HONDA AUTO RECEIVABLES 95,667.47 0.19

Managed Account Issuer Summary For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
HYUNDAI AUTO RECEIVABLES 123,730.60 0.25
IBM CORP 221,702.40 0.44
INTER-AMERICAN DEVELOPMENT BANK 600,165.17 1.19
INTL BANK OF RECONSTRUCTION AND DEV 487,810.00 0.97
JP MORGAN CHASE & CO 466,089.16 0.92
LOCKHEED MARTIN CORP 59,779.20 0.12
LOS ANGELES COMMUNITY COLLEGE DISTRICT 128,895.20 0.26
MICROSOFT CORP 733,545.00 1.45
MORGAN STANLEY 394,470.80 0.78
NATIONAL AUSTRALIA BANK LTD 726,740.75 1.44
NATIONAL RURAL UTILITIES CO FINANCE CORP 378,670.75 0.75 NEW YORK ST URBAN DEVELOPMENT CORP 302,724.50 0.60
NISSAN AUTO RECEIVABLES 369,268.77 0.73
NORDEA BANK ABP 448,693.65 0.89
PACCAR FINANCIAL CORP 165,884.25 0.33
PNC FINANCIAL SERVICES GROUP 394,525.20 0.78
Roche Holding AG 391,650.86 0.78
SAN JUAN UNIFIED SCHOOL DISTRICT 120,104.40 0.24
STATE OF CALIFORNIA 202,260.00 0.40
STATE OF CONNECTICUT 58,036.20 0.11
STATE OF MINNESOTA 92,001.00 0.18
TARGET CORP 36,793.60 0.07
TEXAS INSTRUMENTS INC 86,124.98 0.17
THE BANK OF NEW YORK MELLON CORPORATION 630,082.01 1.25 THE WALT DISNEY CORPORATION 383,904.00 0.76
TORONTO-DOMINION BANK 449,671.50 0.89
TOYOTA MOTOR CORP 852,145.16 1.68
UNITED STATES TREASURY 26,529,508.66 52.53
UNITEDHEALTH GROUP INC 204,914.93 0.41
UNIVERSITY OF CALIFORNIA 79,141.80 0.16
USAA CAPITAL CORP 218,508.53 0.43
Total $50,490,445.83 100.00%

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 4,325,000.00 AA+ Aaa 01/13/23 01/17/23 4,160,109.37 4.68 12,649.43 4,218,843.50 4,199,980.69

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 500,000.00 AA+ Aaa 08/05/20 08/07/20 534,414.06 0.18 3,674.03 512,399.34 477,578.10

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 250,000.00 AA+ Aaa 04/01/21 04/05/21 245,156.25 0.72 262.43 247,620.39 229,921.87

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 450,000.00 AA+ Aaa 03/01/21 03/04/21 443,654.30 0.58 472.38 446,945.70 413,859.38

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 150,000.00 AA+ Aaa 07/01/21 07/07/21 147,052.73 0.82 236.19 148,301.45 136,406.25

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 350,000.00 AA+ Aaa 06/02/21 06/07/21 344,859.38 0.70 551.10 347,090.68 318,281.25

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 400,000.00 AA+ Aaa 12/02/21 12/06/21 387,968.75 1.13 629.83 392,357.00 363,750.00

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 450,000.00 AA+ Aaa 08/03/21 08/05/21 446,167.97 0.57 708.56 447,751.75 409,218.75

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 650,000.00 AA+ Aaa 11/02/21 11/04/21 632,251.95 1.05 1,023.48 638,963.00 591,093.75

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 825,000.00 AA+ Aaa 09/01/21 09/07/21 814,236.33 0.68 1,299.03 818,552.73 750,234.38

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 75,000.00 AA+ Aaa 02/10/22 02/14/22 71,458.01 1.92 48.91 72,546.43 68,226.56

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 950,000.00 AA+ Aaa 01/04/22 01/06/22 926,843.75 1.33 619.57 934,356.67 864,203.13

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 200,000.00 AA+ Aaa 09/01/22 09/06/22 179,007.81 3.53 417.82 182,958.59 180,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 250,000.00 AA+ Aaa 05/03/22 05/05/22 226,250.00 3.03 522.27 232,264.21 225,000.00

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 750,000.00 AA+ Aaa 08/01/22 08/04/22 690,468.75 2.74 1,566.82 702,767.24 675,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 800,000.00 AA+ Aaa 07/05/22 07/08/22 732,343.75 2.84 1,671.27 747,297.42 720,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 06/02/22 06/06/22 819,035.16 2.94 1,880.18 838,261.64 810,000.00

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 08/08/22 08/15/22 819,562.50 3.04 1,880.18 835,694.50 810,000.00

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 250,000.00 AA+ Aaa 11/01/22 11/04/22 228,144.53 4.39 230.98 231,247.65 234,179.70

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 975,000.00 AA+ Aaa 01/04/23 01/06/23 907,092.77 3.96 900.81 914,129.29 913,300.83

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 2,100,000.00 AA+ Aaa 12/05/22 12/07/22 1,954,066.41 3.92 1,940.22 1,971,915.13 1,967,109.48

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 9,500,000.00 AA+ Aaa 01/13/23 01/17/23 8,922,578.13 3.72 8,777.17 8,978,337.75 8,898,828.60

US TREASURY N/B NOTES
DTD 04/30/2022 2.750% 04/30/2027
91282CEN7 1,200,000.00 AA+ Aaa 01/31/23 02/03/23 1,155,421.88 3.70 2,869.57 1,158,822.15 1,149,375.00

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 375,000.00 AA+ Aaa 05/01/23 05/05/23 362,329.10 3.62 3,447.00 362,550.10 358,710.94

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 800,000.00 AA+ Aaa 03/02/23 03/06/23 746,531.25 4.44 7,353.59 749,424.15 765,250.00 Security Type Sub-Total 28,375,000.00 26,897,004.89 3.32 55,632.82 27,131,398.46 26,529,508.66 Supra-National Agency Bond / Note

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6 500,000.00 AAA Aaa 11/17/20 11/24/20 498,925.00 0.32 24.31 499,827.21 487,810.00

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
4581X0DZ8 635,000.00 AAA Aaa 09/15/21 09/23/21 634,530.10 0.52 599.72 634,794.20 600,165.17

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Supra-National Agency Bond / Note
Security Type Sub-Total 1,135,000.00 1,133,455.10 0.43 624.03 1,134,621.41 1,087,975.17 Municipal Bond / Note

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00 AA- Aa3 05/29/20 06/11/20 60,000.00 2.00 499.50 60,000.00 58,036.20

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
157411TK5 100,000.00 AA- Aa1 11/06/19 12/05/19 100,000.00 2.10 700.33 100,000.00 96,632.00

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 325,000.00 NR NR 12/16/20 12/23/20 325,000.00 0.87 596.92 325,000.00 302,724.50

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 85,000.00 AA Aa2 07/10/20 07/16/20 85,000.00 0.88 33.36 85,000.00 79,141.80

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 65,000.00 AA Aa3 09/03/20 09/16/20 65,459.55 1.11 340.71 65,199.95 60,100.30

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 85,000.00 AA Aa3 09/03/20 09/16/20 85,563.55 1.12 445.54 85,245.20 78,592.70

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 160,000.00 AA Aa3 09/03/20 09/16/20 160,000.00 1.26 838.67 160,000.00 147,939.20

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
60412AVJ9 100,000.00 AAA Aaa 08/11/20 08/25/20 100,000.00 0.63 210.00 100,000.00 92,001.00

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 130,000.00 NR Aa2 10/16/20 10/29/20 130,000.00 0.85 369.20 130,000.00 120,104.40

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
54438CYK2 140,000.00 AA+ Aaa 10/30/20 11/10/20 140,000.00 0.77 360.73 140,000.00 128,895.20

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
13077DQD7 85,000.00 AA- Aa2 07/09/21 07/29/21 85,000.00 0.86 61.06 85,000.00 77,823.45

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 03/09/23 03/15/23 200,000.00 4.85 2,046.09 200,000.00 202,260.00 Security Type Sub-Total 1,535,000.00 1,536,023.10 1.59 6,502.11 1,535,445.15 1,444,250.75

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 250,000.00 AA+ Aaa 03/19/20 03/25/20 262,382.81 1.95 637.92 253,970.89 242,912.30 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 275,000.00 AA+ Aaa 04/11/23 04/14/23 263,613.28 4.37 629.06 264,163.70 263,180.32 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aaa 04/06/23 04/12/23 526,839.84 4.02 1,215.96 527,799.25 521,568.92 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 380,000.00 AA+ Aaa 05/19/23 05/24/23 368,303.13 4.31 1,059.88 368,377.57 367,480.99 Security Type Sub-Total 1,455,000.00 1,421,139.06 3.80 3,542.82 1,414,311.41 1,395,142.53 Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 225,000.00 AA+ Aaa 09/02/20 09/04/20 225,041.09 0.24 129.69 225,003.70 221,940.45

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 525,000.00 AA+ Aaa 09/02/20 09/04/20 524,826.75 0.26 302.60 524,984.39 517,861.05

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
3137EAEY1 325,000.00 AA+ Aaa 10/14/20 10/16/20 323,787.75 0.25 50.78 324,848.33 318,713.20

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
3137EAEZ8 350,000.00 AA+ Aaa 11/03/20 11/05/20 349,685.00 0.28 60.76 349,954.59 342,419.00

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
3135G06H1 325,000.00 AA+ Aaa 11/23/20 11/25/20 324,629.50 0.29 9.03 324,939.54 317,017.35

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 300,000.00 AA+ Aaa 12/02/20 12/04/20 299,703.00 0.28 368.75 299,949.55 292,331.70

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
3130AJHU6 350,000.00 AA+ Aaa 04/15/20 04/16/20 348,264.00 0.60 228.47 349,349.95 324,935.10

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 350,000.00 AA+ Aaa 04/22/20 04/24/20 349,279.00 0.67 236.98 349,726.86 325,493.70

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 425,000.00 AA+ Aaa 07/21/20 07/23/20 422,883.50 0.48 575.52 424,093.76 390,207.38

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Bond / Note

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 350,000.00 AA+ Aaa 08/25/20 08/27/20 348,362.00 0.47 350.00 349,267.21 320,282.20

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 AA+ Aaa 09/10/20 09/11/20 149,550.00 0.44 135.94 149,795.66 137,158.35

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 AA+ Aaa 09/23/20 09/25/20 697,893.00 0.44 495.83 699,023.90 639,029.30

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 650,000.00 AA+ Aaa 11/09/20 11/12/20 647,673.00 0.57 216.67 648,862.70 593,454.55 Security Type Sub-Total 5,025,000.00 5,011,577.59 0.41 3,161.02 5,019,800.14 4,740,843.33 Corporate Note

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
693475AV7 400,000.00 A- A3 02/12/19 02/15/19 402,848.00 3.34 4,977.78 400,329.48 394,525.20

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
808513BN4 105,000.00 A- A2 03/16/21 03/18/21 104,947.50 0.77 159.69 104,986.06 100,795.59

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
06406RAS6 210,000.00 A A1 04/19/21 04/26/21 209,775.30 0.54 102.08 209,932.34 200,528.58

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6 400,000.00 A- A1 07/19/19 07/23/19 422,916.00 2.59 1,377.78 404,380.61 394,470.80

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 400,000.00 A- A3 07/11/19 07/15/19 398,016.00 2.51 4,106.67 399,570.08 387,778.80

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23 400,000.00 BBB+ A2 07/08/19 07/11/19 418,632.00 2.84 6,117.22 403,354.41 393,502.00

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
05565EBU8 70,000.00 A A2 08/09/21 08/12/21 69,993.70 0.75 158.96 69,997.48 66,411.03

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
254687FK7 400,000.00 BBB+ A2 09/03/19 09/06/19 398,368.00 1.84 1,769.44 399,591.10 383,904.00

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 09/10/2021 0.625% 09/10/2024
24422EVU0 100,000.00 A A2 09/07/21 09/10/21 99,935.00 0.65 140.63 99,972.30 94,767.30

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 175,000.00 A+ A1 10/22/20 10/29/20 182,894.25 0.73 1,006.25 178,115.22 165,884.25

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 80,000.00 BBB+ A2 03/01/22 03/04/22 79,919.20 2.29 435.00 79,952.67 75,965.20

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 410,000.00 AA Aa2 03/03/22 03/10/22 410,000.00 2.13 1,966.77 410,000.00 391,650.86

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 25,000.00 A A2 03/24/22 03/28/22 24,956.25 2.76 86.25 24,973.14 24,141.05

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
172967JP7 225,000.00 BBB+ A3 08/28/20 09/01/20 249,738.75 0.88 701.25 235,134.30 218,200.28 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5 65,000.00 A- A3 04/26/22 05/03/22 64,985.70 3.46 186.88 64,990.85 63,265.67

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 AA Aa1 05/23/22 05/26/22 224,264.25 3.49 632.81 224,519.12 218,508.53

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
369550BG2 225,000.00 A- A3 10/16/20 10/20/20 252,247.50 0.80 350.00 236,071.95 220,470.30

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 315,000.00 A- A1 05/24/21 06/01/21 315,000.00 0.82 1,297.80 315,000.00 299,384.51

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 475,000.00 AA A1 06/03/20 06/05/20 474,767.25 0.81 1,878.89 474,906.47 440,507.88

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 250,000.00 AA- Aa3 05/31/22 06/09/22 250,000.00 3.50 4,180.56 250,000.00 242,630.75

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 50,000.00 A- A2 04/27/22 05/04/22 49,986.50 3.46 795.42 49,991.16 48,408.65

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 225,000.00 A- A3 07/20/22 07/27/22 225,000.00 4.00 3,100.00 225,000.00 221,702.40

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 225,000.00 A- A1 08/18/20 08/20/20 256,918.50 0.93 2,906.25 238,989.74 219,805.65

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 AA- A1 09/24/20 09/28/20 257,845.50 0.86 1,840.63 239,218.42 221,128.43

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 225,000.00 A- A1 12/01/21 12/06/21 225,000.00 1.53 1,673.44 225,000.00 211,198.28

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6 175,000.00 A- A1 02/16/22 02/24/22 175,000.00 2.60 1,223.61 175,000.00 166,704.65

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A3 05/17/21 05/19/21 224,608.50 1.19 115.00 224,768.15 204,914.93

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 08/12/21 08/16/21 174,947.50 1.26 662.33 174,966.34 157,353.00

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 01/11/22 01/13/22 223,863.75 1.81 1,519.38 224,178.23 205,081.20

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 01/19/22 01/24/22 39,932.00 1.99 294.67 39,950.45 36,793.60

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A A1 01/26/22 01/28/22 473,945.50 2.10 3,381.08 474,228.20 429,553.43

MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 03/14/23 03/17/23 721,942.50 4.36 7,906.25 723,442.06 733,545.00

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 BBB+ A2 01/13/23 01/18/23 277,203.00 4.59 1,848.75 279,231.42 275,652.00

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 03/15/22 03/17/22 466,089.00 2.70 2,306.39 468,243.47 449,777.50

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 02/17/23 02/22/23 284,925.00 4.66 1,650.00 285,920.61 277,100.10

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa3 01/13/23 01/18/23 488,325.00 4.50 9,328.61 489,300.95 484,110.00

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 01/19/23 01/23/23 741,062.75 3.94 4,932.01 743,648.64 737,103.28

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 02/08/23 02/10/23 376,282.50 4.55 6,696.61 376,203.28 375,274.88

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A- A1 02/17/23 02/22/23 329,189.00 4.76 3,768.33 330,326.65 330,262.10

TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 05/11/23 05/18/23 87,043.40 4.04 1,151.28 87,026.60 86,124.98

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 375,000.00 A+ A2 03/09/23 03/13/23 358,263.75 4.93 4,103.13 359,005.52 368,213.63

LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 60,000.00 A- A3 05/23/23 05/25/23 59,892.00 4.49 44.50 59,892.42 59,779.20 Security Type Sub-Total 11,565,000.00 11,571,470.30 2.81 92,880.38 11,479,309.89 11,076,879.47 Certificate of Deposit

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 450,000.00 A A1 10/27/22 10/31/22 450,000.00 5.58 14,910.00 450,000.00 449,671.50

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 450,000.00 AA- Aa3 11/02/22 11/03/22 450,000.00 5.53 1,935.50 450,000.00 448,693.65 Security Type Sub-Total 900,000.00 900,000.00 5.56 16,845.50 900,000.00 898,365.15 Asset-Backed Security
GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0 33,967.32 NR Aaa 02/17/21 02/24/21 33,962.20 0.33 3.43 33,965.11 33,878.55 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 35,000.00 AAA NR 05/18/21 05/26/21 34,997.05 0.41 4.38 34,998.54 34,400.15 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 48,545.97 AAA NR 04/20/21 04/28/21 48,540.87 0.38 8.20 48,543.30 47,127.48 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 239,559.41 AAA Aaa 06/15/21 06/23/21 239,555.35 0.33 35.14 239,557.18 230,919.87 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 242,459.20 AAA NR 06/08/21 06/14/21 242,433.08 0.26 28.02 242,444.66 233,665.84 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 100,000.00 NR Aaa 11/16/21 11/24/21 99,978.92 0.89 24.44 99,986.61 95,667.47

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 78,133.52 AAA NR 04/13/21 04/21/21 78,116.68 0.52 18.06 78,124.04 75,356.11 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 80,000.00 AAA NR 11/09/21 11/17/21 79,982.14 0.75 26.31 79,988.25 76,603.12 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 195,000.00 AAA Aaa 09/20/21 09/27/21 194,958.25 0.58 50.27 194,972.34 183,447.97 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 85,000.00 AAA Aaa 10/13/21 10/21/21 84,997.83 0.68 24.08 84,998.54 80,982.39 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 210,000.00 AAA NR 07/12/22 07/20/22 209,995.04 3.97 370.53 209,995.95 205,165.55 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 140,000.00 AAA Aaa 09/20/22 09/28/22 139,971.03 4.46 277.51 139,975.24 138,348.90 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 275,000.00 AAA NR 10/04/22 10/12/22 274,954.93 4.82 552.29 274,960.84 273,329.27 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 245,000.00 AAA NR 01/24/23 01/30/23 244,999.88 4.63 504.16 244,999.89 243,204.44 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 245,000.00 AAA NR 10/27/22 11/03/22 244,961.56 4.95 539.00 244,966.03 245,863.28 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 170,000.00 NR Aaa 02/13/23 02/23/23 169,982.88 5.05 381.56 169,983.84 169,431.66 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 130,000.00 AAA NR 03/28/23 03/31/23 129,986.44 4.65 268.67 129,986.91 129,175.80 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 320,000.00 NR Aaa 04/04/23 04/11/23 319,981.44 4.31 612.98 319,981.97 316,191.71 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 490,000.00 AAA NR 05/17/23 05/24/23 489,887.64 4.43 421.13 489,888.13 485,275.57 Security Type Sub-Total 3,362,665.42 3,362,243.21 3.21 4,150.16 3,362,317.37 3,298,035.13

Managed Account Detail of Securities Held For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Managed Account Sub-Total 53,352,665.42 51,832,913.25 2.87 183,338.84 51,977,203.83 50,471,000.19 Joint Powers Authority
CAMP Pool 19,445.64 AAAm NR 19,445.64 0.00 19,445.64 19,445.64 Liquid Sub-Total 19,445.64 19,445.64 0.00 19,445.64 19,445.64 $53,372,111.06 $51,852,358.89 2.87% $183,338.84 $51,996,649.47 $50,490,445.83 $50,673,784.67
$183,338.84
Total Investments
Accrued Interest
Securities Sub-Total

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CDV0 4,325,000.00 CITIGRP 97.11 4,199,980.69 39,871.32 (18,862.81) DTD 01/31/2022 0.875% 01/31/2024

0.67 5.33
US TREASURY NOTES 912828YY0 500,000.00 WELLS_F 95.52 477,578.10 (56,835.96) (34,821.24) DTD 12/31/2019 1.750% 12/31/2024

1.56 4.72
US TREASURY NOTES 912828ZW3 250,000.00 GOLDMAN 91.97 229,921.87 (15,234.38) (17,698.52) DTD 06/30/2020 0.250% 06/30/2025

2.08 4.32
US TREASURY NOTES 912828ZW3 450,000.00 MERRILL 91.97 413,859.38 (29,794.92) (33,086.32) DTD 06/30/2020 0.250% 06/30/2025

2.08 4.32
US TREASURY NOTES 91282CBC4 150,000.00 CITIGRP 90.94 136,406.25 (10,646.48) (11,895.20) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 350,000.00 JPM_CHA 90.94 318,281.25 (26,578.13) (28,809.43) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 400,000.00 CITIGRP 90.94 363,750.00 (24,218.75) (28,607.00) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 450,000.00 JPM_CHA 90.94 409,218.75 (36,949.22) (38,533.00) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 650,000.00 BNP_PAR 90.94 591,093.75 (41,158.20) (47,869.25) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY NOTES 91282CBC4 825,000.00 CITIGRP 90.94 750,234.38 (64,001.95) (68,318.35) DTD 12/31/2020 0.375% 12/31/2025

2.57 4.11
US TREASURY N/B NOTES 91282CBW0 75,000.00 BMO 90.97 68,226.56 (3,231.45) (4,319.87) DTD 04/30/2021 0.750% 04/30/2026

2.89 4.07
US TREASURY N/B NOTES 91282CBW0 950,000.00 CITIGRP 90.97 864,203.13 (62,640.62) (70,153.54) DTD 04/30/2021 0.750% 04/30/2026

2.89 4.07
US TREASURY N/B NOTES 91282CCP4 200,000.00 BMO 90.00 180,000.00 992.19 (2,958.59) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY N/B NOTES 91282CCP4 250,000.00 HSBC 90.00 225,000.00 (1,250.00) (7,264.21) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY N/B NOTES 91282CCP4 750,000.00 BMO 90.00 675,000.00 (15,468.75) (27,767.24) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY N/B NOTES 91282CCP4 800,000.00 HSBC 90.00 720,000.00 (12,343.75) (27,297.42) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY N/B NOTES 91282CCP4 900,000.00 MERRILL 90.00 810,000.00 (9,035.16) (28,261.64) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CCP4 900,000.00 BMO 90.00 810,000.00 (9,562.50) (25,694.50) DTD 07/31/2021 0.625% 07/31/2026

3.13 4.02
US TREASURY NOTES 912828U24 250,000.00 BMO 93.67 234,179.70 6,035.17 2,932.05 DTD 11/15/2016 2.000% 11/15/2026

3.35 3.98
US TREASURY NOTES 912828U24 975,000.00 BMO 93.67 913,300.83 6,208.06 (828.46) DTD 11/15/2016 2.000% 11/15/2026

3.35 3.98
US TREASURY NOTES 912828U24 2,100,000.00 HSBC 93.67 1,967,109.48 13,043.07 (4,805.65) DTD 11/15/2016 2.000% 11/15/2026

3.35 3.98
US TREASURY NOTES 912828U24 9,500,000.00 JPM_CHA 93.67 8,898,828.60 (23,749.53) (79,509.15) DTD 11/15/2016 2.000% 11/15/2026

3.35 3.98
US TREASURY N/B NOTES 91282CEN7 1,200,000.00 BNP_PAR 95.78 1,149,375.00 (6,046.88) (9,447.15) DTD 04/30/2022 2.750% 04/30/2027

3.73 3.92
US TREASURY N/B NOTES 91282CFB2 375,000.00 MORGAN_ 95.66 358,710.94 (3,618.16) (3,839.16) DTD 07/31/2022 2.750% 07/31/2027

3.92 3.89
US TREASURY N/B NOTES 91282CFB2 800,000.00 BMO 95.66 765,250.00 18,718.75 15,825.85 DTD 07/31/2022 2.750% 07/31/2027

3.92 3.89
Security Type Sub-Total 28,375,000.00 26,529,508.66 (367,496.23) (601,889.80) 2.78 4.23 Supra-National Agency Bond / Note
INTL BK RECON & DEVELOP NOTES 459058JM6 500,000.00 TD 97.56 487,810.00 (11,115.00) (12,017.21) DTD 11/24/2020 0.250% 11/24/2023

0.48 5.43
INTER-AMERICAN DEVEL BK NOTES 4581X0DZ8 635,000.00 JPM_CHA 94.51 600,165.17 (34,364.93) (34,629.03) DTD 09/23/2021 0.500% 09/23/2024

1.31 4.86
Security Type Sub-Total 1,135,000.00 1,087,975.17 (45,479.93) (46,646.24) 0.94 5.12 Municipal Bond / Note
CT ST TXBL GO BONDS 20772KJW0 60,000.00 SIEBERT 96.73 58,036.20 (1,963.80) (1,963.80) DTD 06/11/2020 1.998% 07/01/2024

1.07 5.13
CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 100,000.00 RBC 96.63 96,632.00 (3,368.00) (3,368.00) DTD 12/05/2019 2.101% 08/01/2024

1.15 5.10
NY ST URBAN DEV CORP TXBL REV BONDS 650036DT0 325,000.00 WELLS_F 93.15 302,724.50 (22,275.50) (22,275.50) DTD 12/23/2020 0.870% 03/15/2025

1.78 4.91

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Municipal Bond / Note
UNIV OF CAL TXBL REV BONDS 91412HGE7 85,000.00 JPM_CHA 04/15/25 93.11 79,141.80 (5,858.20) (5,858.20) DTD 07/16/2020 0.883% 05/15/2025

1.86 4.60
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 65,000.00 MERRILL 92.46 60,100.30 (5,359.25) (5,099.65) DTD 09/16/2020 1.258% 07/01/2025

2.05 5.11
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 85,000.00 MERRILL 92.46 78,592.70 (6,970.85) (6,652.50) DTD 09/16/2020 1.258% 07/01/2025

2.05 5.11
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 160,000.00 MERRILL 92.46 147,939.20 (12,060.80) (12,060.80) DTD 09/16/2020 1.258% 07/01/2025

2.05 5.11
MN ST TXBL GO BONDS 60412AVJ9 100,000.00 MORGAN_ 92.00 92,001.00 (7,999.00) (7,999.00) DTD 08/25/2020 0.630% 08/01/2025

2.15 4.54
SAN JUAN USD, CA TXBL GO BONDS 798306WP7 130,000.00 KEYBANC 92.39 120,104.40 (9,895.60) (9,895.60) DTD 10/29/2020 0.852% 08/01/2025

2.15 4.58
LOS ANGELES CCD, CA TXBL GO BONDS 54438CYK2 140,000.00 MERRILL 92.07 128,895.20 (11,104.80) (11,104.80) DTD 11/10/2020 0.773% 08/01/2025

2.15 4.66
CA ST UNIV TXBL REV BONDS 13077DQD7 85,000.00 JPM_CHA 91.56 77,823.45 (7,176.55) (7,176.55) DTD 07/29/2021 0.862% 11/01/2025

2.40 4.59
CA ST MUNICIPAL BONDS 13063D3N6 200,000.00 WELLS_F 101.13 202,260.00 2,260.00 2,260.00 DTD 03/15/2023 4.846% 03/01/2027

3.44 4.51
Security Type Sub-Total 1,535,000.00 1,444,250.75 (91,772.35) (91,194.40) 2.12 4.81 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2 3137BGK24 250,000.00 CITIGRP 97.16 242,912.30 (19,470.51) (11,058.59) DTD 03/01/2015 3.062% 12/01/2024

1.43 5.02
FHMS K054 A2 3137BNGT5 275,000.00 BAIRD 95.70 263,180.32 (432.96) (983.38) DTD 04/20/2016 2.745% 01/01/2026

2.39 4.51
FHMS K058 A2 3137BSP72 550,000.00 BREAN 94.83 521,568.92 (5,270.92) (6,230.33) DTD 11/09/2016 2.653% 08/01/2026

3.00 4.40
FHMS K061 A2 3137BTUM1 380,000.00 CITIGRP 96.71 367,480.99 (822.14) (896.58) DTD 01/30/2017 3.347% 11/01/2026

3.08 4.39
Security Type Sub-Total 1,455,000.00 1,395,142.53 (25,996.53) (19,168.88) 2.63 4.53 Federal Agency Bond / Note

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Bond / Note
FREDDIE MAC NOTES 3137EAEW5 225,000.00 NOMURA 98.64 221,940.45 (3,100.64) (3,063.25) DTD 09/04/2020 0.250% 09/08/2023

0.27 5.31
FREDDIE MAC NOTES 3137EAEW5 525,000.00 WELLS_F 98.64 517,861.05 (6,965.70) (7,123.34) DTD 09/04/2020 0.250% 09/08/2023

0.27 5.31
FREDDIE MAC NOTES 3137EAEY1 325,000.00 WELLS_F 98.07 318,713.20 (5,074.55) (6,135.13) DTD 10/16/2020 0.125% 10/16/2023

0.38 5.35
FREDDIE MAC NOTES 3137EAEZ8 350,000.00 CITIGRP 97.83 342,419.00 (7,266.00) (7,535.59) DTD 11/05/2020 0.250% 11/06/2023

0.43 5.36
FANNIE MAE NOTES 3135G06H1 325,000.00 NOMURA 97.54 317,017.35 (7,612.15) (7,922.19) DTD 11/25/2020 0.250% 11/27/2023

0.49 5.38
FREDDIE MAC NOTES 3137EAFA2 300,000.00 CITIGRP 97.44 292,331.70 (7,371.30) (7,617.85) DTD 12/04/2020 0.250% 12/04/2023

0.51 5.39
FEDERAL HOME LOAN BANK NOTES 3130AJHU6 350,000.00 CITIGRP 92.84 324,935.10 (23,328.90) (24,414.85) DTD 04/16/2020 0.500% 04/14/2025

1.86 4.53
FANNIE MAE NOTES 3135G03U5 350,000.00 CITIGRP 93.00 325,493.70 (23,785.30) (24,233.16) DTD 04/24/2020 0.625% 04/22/2025

1.88 4.52
FREDDIE MAC NOTES 3137EAEU9 425,000.00 WELLS_F 91.81 390,207.38 (32,676.12) (33,886.38) DTD 07/23/2020 0.375% 07/21/2025

2.13 4.42
FANNIE MAE NOTES 3135G05X7 350,000.00 BARCLAY 91.51 320,282.20 (28,079.80) (28,985.01) DTD 08/27/2020 0.375% 08/25/2025

2.23 4.40
FEDERAL HOME LOAN BANK NOTES 3130AK5E2 150,000.00 WELLS_F 91.44 137,158.35 (12,391.65) (12,637.31) DTD 09/11/2020 0.375% 09/04/2025

2.25 4.39
FREDDIE MAC NOTES 3137EAEX3 700,000.00 CITIGRP 91.29 639,029.30 (58,863.70) (59,994.60) DTD 09/25/2020 0.375% 09/23/2025

2.30 4.37
FANNIE MAE NOTES 3135G06G3 650,000.00 BARCLAY 91.30 593,454.55 (54,218.45) (55,408.15) DTD 11/12/2020 0.500% 11/07/2025

2.42 4.30
Security Type Sub-Total 5,025,000.00 4,740,843.33 (270,734.26) (278,956.81) 1.43 4.80 Corporate Note
PNC BANK NA CORP NOTES (CALLABLE) 693475AV7 400,000.00 CITIGRP 12/23/23 98.63 394,525.20 (8,322.80) (5,804.28) DTD 01/23/2019 3.500% 01/23/2024

0.56 5.68

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
CHARLES SCHWAB CORP NOTES 808513BN4 105,000.00 CSFB 02/18/24 96.00 100,795.59 (4,151.91) (4,190.47) (CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

0.71 5.95
BANK OF NY MELLON CORP NOTES 06406RAS6 210,000.00 JPM_CHA 03/26/24 95.49 200,528.58 (9,246.72) (9,403.76) (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

0.82 5.68
MORGAN STANLEY CORP NOTES 61746BDQ6 400,000.00 WELLS_FA 98.62 394,470.80 (28,445.20) (9,909.81) DTD 04/28/2014 3.875% 04/29/2024

0.90 5.44
AMERICAN HONDA FINANCE CORP NOTE 02665WCZ2 400,000.00 WELLS_FA 96.94 387,778.80 (10,237.20) (11,791.28) DTD 06/27/2019 2.400% 06/27/2024

1.06 5.36
GOLDMAN SACHS GROUP INC (CALLABLE) 38141EC23 400,000.00 SUSQ 04/08/24 98.38 393,502.00 (25,130.00) (9,852.41) BONDS
DTD 07/08/2014 3.850% 07/08/2024

0.84 5.38
BMW US CAPITAL LLC CORPORATE NOTES 05565EBU8 70,000.00 GOLDMAN 94.87 66,411.03 (3,582.67) (3,586.45) DTD 08/12/2021 0.750% 08/12/2024

1.19 5.21
WALT DISNEY COMPANY/THE (CALLABLE) 254687FK7 400,000.00 JPM_CHAS 07/30/24 95.98 383,904.00 (14,464.00) (15,687.10) DTD 09/06/2019 1.750% 08/30/2024

1.16 5.11
JOHN DEERE CAPITAL CORP CORPORATE 24422EVU0 100,000.00 HSBC 94.77 94,767.30 (5,167.70) (5,205.00) NOTES
DTD 09/10/2021 0.625% 09/10/2024

1.27 4.90
PACCAR FINANCIAL CORP CORPORATE 69371RQ66 175,000.00 MERRILL 94.79 165,884.25 (17,010.00) (12,230.97) NOTES
DTD 02/06/2020 1.800% 02/06/2025

1.66 5.07
AMERICAN EXPRESS CO CORP NOTES 025816CQ0 80,000.00 BARCLAY 02/01/25 94.96 75,965.20 (3,954.00) (3,987.47) (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

1.64 5.28
ROCHE HOLDINGS INC (CALLABLE) 771196BT8 410,000.00 DEUTSCH 02/10/25 95.52 391,650.86 (18,349.14) (18,349.14)

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

1.66 4.79
HOME DEPOT INC (CALLABLE) CORPORATE 437076CM2 25,000.00 MORGAN_ 03/15/25 96.56 24,141.05 (815.20) (832.09) NOTE
DTD 03/28/2022 2.700% 04/15/2025

1.75 4.63
CITIGROUP INC CORP NOTES 172967JP7 225,000.00 MKTX 96.98 218,200.28 (31,538.47) (16,934.02) DTD 04/27/2015 3.300% 04/27/2025

1.86 4.98

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
CINTAS CORPORATION NO. 2 CORP NOTE 17252MAP5 65,000.00 KEYBANC 04/01/25 97.33 63,265.67 (1,720.03) (1,725.18) (CALL
DTD 05/03/2022 3.450% 05/01/2025

1.79 4.92
USAA CAPITAL CORP CORPORATE NOTES 90327QD89 225,000.00 MERRILL 97.11 218,508.53 (5,755.72) (6,010.59) DTD 05/26/2022 3.375% 05/01/2025

1.87 4.97
GENERAL DYNAMICS CORP (CALLABLE) 369550BG2 225,000.00 JPM_CHA 03/15/25 97.99 220,470.30 (31,777.20) (15,601.65)

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

1.75 4.59
JPMORGAN CHASE & CO (CALLABLE) CORP 46647PCH7 315,000.00 JPM_CHA 06/01/24 95.04 299,384.51 (15,615.49) (15,615.49) NOTE
DTD 06/01/2021 0.824% 06/01/2025

1.00 3.41
AMAZON INC CORP NOTES (CALLABLE) 023135BQ8 475,000.00 GOLDMAN 05/03/25 92.74 440,507.88 (34,259.37) (34,398.59) DTD 06/03/2020 0.800% 06/03/2025

1.91 4.63
NATIONAL AUSTRALIA BK/NY CORPORATE 63254ABD9 250,000.00 CITIGRP 97.05 242,630.75 (7,369.25) (7,369.25) NOTES
DTD 06/09/2022 3.500% 06/09/2025

1.94 5.05
NATIONAL RURAL UTIL COOP CORPORATE 63743HFE7 50,000.00 RBC 96.82 48,408.65 (1,577.85) (1,582.51) NOTES
DTD 05/04/2022 3.450% 06/15/2025

1.96 5.11
IBM CORP CORPORATE NOTES 459200KS9 225,000.00 JPM_CHA 98.53 221,702.40 (3,297.60) (3,297.60) DTD 07/27/2022 4.000% 07/27/2025

2.06 4.72
BANK OF AMERICA CORP NOTES 06051GFS3 225,000.00 MERRILL 97.69 219,805.65 (37,112.85) (19,184.09) DTD 07/30/2015 3.875% 08/01/2025

2.07 5.01
ABBOTT LABORATORIES CORPORATE 002824BM1 225,000.00 US_BANC 06/15/25 98.28 221,128.43 (36,717.07) (18,089.99)

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

1.97 4.67
BANK OF AMERICA CORP NOTES 06051GKE8 225,000.00 MERRILL 12/06/24 93.87 211,198.28 (13,801.72) (13,801.72) (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

1.49 4.12
JPMORGAN CHASE & CO CORP NOTES 46647PCV6 175,000.00 JPM_CHA 02/24/25 95.26 166,704.65 (8,295.35) (8,295.35) (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

1.69 4.45

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 CITIGRP 04/15/26 91.07 204,914.93 (19,693.57) (19,853.22) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

2.83 4.40
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 MITSU 07/12/26 89.92 157,353.00 (17,594.50) (17,613.34)

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

3.05 4.68
CATERPILLAR FINL SERVICE CORPORATE 14913R2U0 225,000.00 JPM_CHA 91.15 205,081.20 (18,782.55) (19,097.03) NOTES
DTD 01/10/2022 1.700% 01/08/2027

3.48 4.38
TARGET CORP CORP NOTES (CALLABLE) 87612EBM7 40,000.00 CITIGRP 12/15/26 91.98 36,793.60 (3,138.40) (3,156.85) DTD 01/24/2022 1.950% 01/15/2027

3.41 4.36
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 DEUTSCH 12/26/26 90.43 429,553.43 (44,392.07) (44,674.77) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

3.43 4.94
MICROSOFT CORP CORP NOTES 594918BY9 750,000.00 GOLDMAN 11/06/26 97.81 733,545.00 11,602.50 10,102.94 (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027

3.24 3.94
AMERICAN EXPRESS CO CORP NOTES 025816CS6 300,000.00 RBS 02/01/27 91.88 275,652.00 (1,551.00) (3,579.42) (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

3.50 4.94
BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 475,000.00 SEEL 02/15/27 94.69 449,777.50 (16,311.50) (18,465.97) (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

3.55 3.82
CHARLES SCHWAB CORP NOTES 808513BW4 300,000.00 BARCLAY 01/01/27 92.37 277,100.10 (7,824.90) (8,820.51) (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

3.38 5.53
NATIONAL AUSTRALIA BK/NY CORPORATE 63254ABE7 500,000.00 CBAA 96.82 484,110.00 (4,215.00) (5,190.95) NOTES
DTD 06/09/2022 3.905% 06/09/2027

3.69 4.78
APPLE INC (CALLABLE) BONDS 037833DB3 775,000.00 TD 06/12/27 95.11 737,103.28 (3,959.47) (6,545.36) DTD 09/12/2017 2.900% 09/12/2027

3.80 4.16
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WELLS_F 100.07 375,274.88 (1,007.62) (928.40)

CORPORATE NOTES
DTD 01/12/2023 4.625% 01/12/2028

4.14 4.61

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
NATIONAL RURAL UTIL COOP CORP NOTES 637432NP6 350,000.00 MORGAN_ 11/07/27 94.36 330,262.10 1,073.10 (64.55) (CAL
DTD 02/07/2018 3.400% 02/07/2028

4.10 4.76
TEXAS INSTRUMENTS INC CORP NOTE 882508BV5 85,000.00 JPM_CHA 01/15/28 101.32 86,124.98 (918.42) (901.62) (CALLABL
DTD 11/18/2022 4.600% 02/15/2028

4.17 4.29
BRISTOL-MYERS SQUIBB CO CORP NOTES 110122DE5 375,000.00 MKTX 11/20/27 98.19 368,213.63 9,949.88 9,208.11 (CALL
DTD 07/15/2020 3.900% 02/20/2028

4.10 4.33
LOCKHEED MARTIN CORP NOTES 539830BZ1 60,000.00 BARCLAY 04/15/28 99.63 59,779.20 (112.80) (113.22) (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028

4.50 4.53
Security Type Sub-Total 11,565,000.00 11,076,879.47 (494,590.83) (402,430.42) 2.45 4.73 Certificate of Deposit
TORONTO DOMINION BANK NY CERT 89115B6K1 450,000.00 TD 99.93 449,671.50 (328.50) (328.50) DEPOS
DTD 10/31/2022 5.600% 10/27/2025

3.10 5.59
NORDEA BANK ABP NEW YORK CERT 65558UYF3 450,000.00 WELLS_F 99.71 448,693.65 (1,306.35) (1,306.35) DEPOS
DTD 11/03/2022 5.530% 11/03/2025

2.29 5.66
Security Type Sub-Total 900,000.00 898,365.15 (1,634.85) (1,634.85) 2.70 5.62 Asset-Backed Security
GMALT 2021-1 A4 36261RAD0 33,967.32 RBC 99.74 33,878.55 (83.65) (86.56) DTD 02/24/2021 0.330% 02/20/2025

0.06 0.48
GMALT 2021-2 A4 380144AD7 35,000.00 SOCGEN 98.29 34,400.15 (596.90) (598.39) DTD 05/26/2021 0.410% 05/20/2025

0.34 1.29
HART 2021-A A3 44933LAC7 48,545.97 BARCLAY 97.08 47,127.48 (1,413.39) (1,415.82) DTD 04/28/2021 0.380% 09/15/2025

0.54 1.68
NAROT 2021-A A3 65480BAC1 239,559.41 MITSU 96.39 230,919.87 (8,635.48) (8,637.31) DTD 06/23/2021 0.330% 10/15/2025

0.67 1.88

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
TAOT 2021-B A3 89190GAC1 242,459.20 CITIGRP 96.37 233,665.84 (8,767.24) (8,778.82) DTD 06/14/2021 0.260% 11/17/2025

0.65 1.77
HAROT 2021-4 A3 43815GAC3 100,000.00 MERRILL 95.67 95,667.47 (4,311.45) (4,319.14) DTD 11/24/2021 0.880% 01/21/2026

0.92 2.58
CARMX 2021-2 A3 14314QAC8 78,133.52 MERRILL 96.45 75,356.11 (2,760.57) (2,767.93) DTD 04/21/2021 0.520% 02/17/2026

0.66 1.86
HART 2021-C A3 44935FAD6 80,000.00 SMBC 95.75 76,603.12 (3,379.02) (3,385.13) DTD 11/17/2021 0.740% 05/15/2026

0.88 2.22
DCENT 2021-A1 A1 254683CP8 195,000.00 CITIGRP 94.08 183,447.97 (11,510.28) (11,524.37) DTD 09/27/2021 0.580% 09/15/2026

1.26 2.46
GMCAR 2021-4 A3 362554AC1 85,000.00 JPM_CHA 95.27 80,982.39 (4,015.44) (4,016.15) DTD 10/21/2021 0.680% 09/16/2026

0.96 2.17
CARMX 2022-3 A3 14318MAD1 210,000.00 RBC 97.70 205,165.55 (4,829.49) (4,830.40) DTD 07/20/2022 3.970% 04/15/2027

1.45 4.62
NAROT 2022-B A3 65480JAC4 140,000.00 WELLS_F 98.82 138,348.90 (1,622.13) (1,626.34) DTD 09/28/2022 4.460% 05/17/2027

1.81 4.79
GMCAR 2022-4 A3 36265QAD8 275,000.00 RBC 99.39 273,329.27 (1,625.66) (1,631.57) DTD 10/12/2022 4.820% 08/16/2027

1.83 4.98
TAOT 2023-A A3 891940AC2 245,000.00 MERRILL 99.27 243,204.44 (1,795.44) (1,795.45) DTD 01/30/2023 4.630% 09/15/2027

1.95 4.82
COMET 2022-A3 A 14041NGB1 245,000.00 RBC 100.35 245,863.28 901.72 897.25 DTD 11/03/2022 4.950% 10/15/2027

2.20 4.86
HDMOT 2023-A A3 41285JAD0 170,000.00 JPM_CHA 99.67 169,431.66 (551.22) (552.18) DTD 02/23/2023 5.050% 12/15/2027

2.03 5.13
FORDO 2023-A A3 344928AD8 130,000.00 BNP_PAR 99.37 129,175.80 (810.64) (811.11) DTD 03/31/2023 4.650% 02/15/2028

2.19 4.80
DCENT 2023-A1 A 254683CY9 320,000.00 RBC 98.81 316,191.71 (3,789.73) (3,790.26) DTD 04/11/2023 4.310% 03/15/2028

2.58 4.59
COMET 2023-A1 A 14041NGD7 490,000.00 RBC 99.04 485,275.57 (4,612.07) (4,612.56) DTD 05/24/2023 4.420% 05/15/2028

2.72 4.64
Security Type Sub-Total 3,362,665.42 3,298,035.13 (64,208.08) (64,282.24) 1.72 3.85

Managed Account Fair Market Value & Analytics For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Managed Account Sub-Total 53,352,665.42 50,471,000.19 (1,361,913.06) (1,506,203.64) 2.45 4.44 Joint Powers Authority
CAMP Pool 19,445.64 1.00 19,445.64 0.00 0.00 0.00
Liquid Sub-Total 19,445.64 19,445.64 0.00 0.00 0.00
Total Investments $50,673,784.67
$183,338.84
$50,490,445.83
Accrued Interest
Securities Sub-Total $53,372,111.06 ($1,361,913.06) ($1,506,203.64) 2.45 4.44%

Managed Account Security Transactions & Interest For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
05/05/23 US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
05/01/23 91282CFB2 375,000.00 (362,329.10) (2,677.83) (365,006.93) 05/18/23 TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
05/11/23 882508BV5 85,000.00 (87,043.40) (1,010.08) (88,053.48) 05/24/23 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
05/17/23 14041NGD7 490,000.00 (489,887.64) 0.00 (489,887.64) 05/24/23 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
05/19/23 3137BTUM1 380,000.00 (368,303.13) (812.58) (369,115.71) 05/25/23 LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
05/23/23 539830BZ1 60,000.00 (59,892.00) 0.00 (59,892.00) Transaction Type Sub-Total 1,390,000.00 (1,367,455.27) (4,500.49) (1,371,955.76)

INTEREST
05/01/23 CINTAS CORPORATION NO. 2 CORP

NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025
05/01/23 17252MAP5 65,000.00 0.00 1,121.25 1,121.25
05/01/23 CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
05/01/23 13077DQD7 85,000.00 0.00 366.35 366.35
05/01/23 USAA CAPITAL CORP CORPORATE
NOTES
DTD 05/26/2022 3.375% 05/01/2025
05/01/23 90327QD89 225,000.00 0.00 3,796.88 3,796.88
05/25/23 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
05/01/23 3137BNGT5 275,000.00 0.00 629.06 629.06
05/25/23 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
05/01/23 3137BGK24 250,000.00 0.00 637.92 637.92
05/25/23 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
05/01/23 3137BSP72 550,000.00 0.00 1,215.96 1,215.96
05/03/23 NORDEA BANK ABP NEW YORK CERT
DEPOS
DTD 11/03/2022 5.530% 11/03/2025
05/03/23 65558UYF3 450,000.00 0.00 12,442.50 12,442.50
05/06/23 FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
05/06/23 3137EAEZ8 350,000.00 0.00 437.50 437.50

Managed Account Security Transactions & Interest For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

INTEREST
05/07/23 FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
05/07/23 3135G06G3 650,000.00 0.00 1,625.00 1,625.00
05/15/23 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
05/15/23 65480BAC1 255,049.67 0.00 70.14 70.14
05/15/23 UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
05/15/23 91412HGE7 85,000.00 0.00 375.28 375.28
05/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
05/15/23 14314QAC8 83,277.34 0.00 36.09 36.09
05/15/23 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
05/15/23 89190GAC1 259,398.26 0.00 56.20 56.20
05/15/23 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
05/15/23 65480JAC4 140,000.00 0.00 520.33 520.33
05/15/23 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
05/15/23 14041NGB1 245,000.00 0.00 1,010.63 1,010.63
05/15/23 US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
05/15/23 912828U24 12,825,000.00 0.00 128,250.00 128,250.00 05/15/23 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
05/15/23 254683CY9 320,000.00 0.00 1,302.58 1,302.58
05/15/23 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
05/15/23 14318MAD1 210,000.00 0.00 694.75 694.75
05/15/23 UNITEDHEALTH GROUP INC
(CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026
05/15/23 91324PEC2 225,000.00 0.00 1,293.75 1,293.75
05/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
05/15/23 44933LAC7 52,611.70 0.00 16.66 16.66
05/15/23 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
05/15/23 344928AD8 130,000.00 0.00 503.75 503.75
05/15/23 GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
05/15/23 369550BG2 225,000.00 0.00 3,937.50 3,937.50
05/15/23 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
05/15/23 44935FAD6 80,000.00 0.00 49.33 49.33
05/15/23 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
05/15/23 891940AC2 245,000.00 0.00 945.29 945.29

Managed Account Security Transactions & Interest For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method

INTEREST
05/15/23 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
05/15/23 254683CP8 195,000.00 0.00 94.25 94.25
05/15/23 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
05/15/23 41285JAD0 170,000.00 0.00 715.42 715.42
05/16/23 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
05/16/23 36265QAD8 275,000.00 0.00 1,104.58 1,104.58
05/16/23 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
05/16/23 362554AC1 85,000.00 0.00 48.17 48.17
05/20/23 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
05/20/23 380144AD7 35,000.00 0.00 11.96 11.96
05/20/23 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
05/20/23 36261RAD0 72,974.77 0.00 20.07 20.07
05/21/23 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
05/21/23 43815GAC3 100,000.00 0.00 73.33 73.33
05/24/23 INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
05/24/23 459058JM6 500,000.00 0.00 625.00 625.00
05/27/23 FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
05/27/23 3135G06H1 325,000.00 0.00 406.25 406.25
Transaction Type Sub-Total 20,038,311.74 0.00 164,433.73 164,433.73

PAYDOWNS
05/15/23 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
05/15/23 89190GAC1 16,939.06 16,939.06 0.00 16,939.06 1.82 0.00 05/15/23 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
05/15/23 65480BAC1 15,490.26 15,490.26 0.00 15,490.26 0.26 0.00 05/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
05/15/23 14314QAC8 5,143.82 5,143.82 0.00 5,143.82 1.11 0.00 05/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
05/15/23 44933LAC7 4,065.73 4,065.73 0.00 4,065.73 0.43 0.00 05/20/23 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
05/20/23 36261RAD0 39,007.45 39,007.45 0.00 39,007.45 5.89 0.00 Transaction Type Sub-Total 80,646.32 80,646.32 0.00 80,646.32 9.51 0.00

Managed Account Security Transactions & Interest For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
05/24/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
05/17/23 91282CDV0 350,000.00 340,361.33 955.97 341,317.30 3,705.08 (766.31) FIFO 05/24/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
05/19/23 91282CDV0 400,000.00 388,609.38 1,092.54 389,701.92 3,859.38 (1,250.78) FIFO 05/25/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
05/23/23 91282CDV0 50,000.00 48,568.36 137.78 48,706.14 474.61 (169.19) FIFO Transaction Type Sub-Total 800,000.00 777,539.07 2,186.29 779,725.36 8,039.07 (2,186.28) Managed Account Sub-Total (509,269.88) 162,119.53 (347,150.35) 8,048.58 (2,186.28) Total Security Transactions ($509,269.88) $162,119.53 ($347,150.35) $8,048.58 ($2,186.28)

Account Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
Opening Balance 342,105.09
05/01/23 05/01/23 Purchase - Interest 13077DQD7 1.00 366.35 342,471.44 05/01/23 05/01/23 Purchase - Interest 17252MAP5 1.00 1,121.25 343,592.69 05/01/23 05/01/23 Purchase - Interest 61746BDQ6 1.00 7,750.00 351,342.69 05/01/23 05/01/23 Purchase - Interest 90327QD89 1.00 3,796.88 355,139.57 05/01/23 05/01/23 Purchase - Interest 91282CBW0 1.00 3,843.75 358,983.32 05/01/23 05/01/23 Purchase - Interest 91282CEN7 1.00 16,500.00 375,483.32 05/03/23 05/03/23 Purchase - Interest 65558UYF3 1.00 12,442.50 387,925.82 05/05/23 05/05/23 Redemption - Interest 91282CFB2 1.00 (2,677.83) 385,247.99 05/05/23 05/05/23 Redemption - Principal 91282CFB2 1.00 (362,329.10) 22,918.89 05/08/23 05/08/23 Purchase - Interest 3135G06G3 1.00 1,625.00 24,543.89 05/08/23 05/08/23 Purchase - Interest 3137EAEZ8 1.00 437.50 24,981.39 05/15/23 05/15/23 Purchase - Interest 369550BG2 1.00 3,937.50 28,918.89 05/15/23 05/15/23 Purchase - Interest 912828U24 1.00 128,250.00 157,168.89 05/15/23 05/15/23 Purchase - Interest 91324PEC2 1.00 1,293.75 158,462.64 05/15/23 05/15/23 Purchase - Interest 91412HGE7 1.00 375.28 158,837.92 05/15/23 05/15/23 Purchase - Interest 14041NGB1 1.00 1,010.63 159,848.55 05/15/23 05/15/23 Purchase - Interest 14314QAC8 1.00 36.09 159,884.64 05/15/23 05/15/23 Purchase - Interest 14318MAD1 1.00 694.75 160,579.39 05/15/23 05/15/23 Purchase - Interest 254683CP8 1.00 94.25 160,673.64 05/15/23 05/15/23 Purchase - Interest 254683CY9 1.00 1,302.58 161,976.22 05/15/23 05/15/23 Purchase - Interest 344928AD8 1.00 503.75 162,479.97

Account Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
05/15/23 05/15/23 Purchase - Interest 41285JAD0 1.00 715.42 163,195.39 05/15/23 05/15/23 Purchase - Interest 44933LAC7 1.00 16.66 163,212.05 05/15/23 05/15/23 Purchase - Interest 44935FAD6 1.00 49.33 163,261.38 05/15/23 05/15/23 Purchase - Interest 65480BAC1 1.00 70.14 163,331.52 05/15/23 05/15/23 Purchase - Interest 65480JAC4 1.00 520.33 163,851.85 05/15/23 05/15/23 Purchase - Interest 89190GAC1 1.00 56.20 163,908.05 05/15/23 05/15/23 Purchase - Interest 891940AC2 1.00 945.29 164,853.34 05/15/23 05/15/23 Purchase - Principal 14314QAC8 1.00 5,143.82 169,997.16 05/15/23 05/15/23 Purchase - Principal 44933LAC7 1.00 4,065.73 174,062.89 05/15/23 05/15/23 Purchase - Principal 65480BAC1 1.00 15,490.26 189,553.15 05/15/23 05/15/23 Purchase - Principal 89190GAC1 1.00 16,939.06 206,492.21 05/16/23 05/16/23 Purchase - Interest 362554AC1 1.00 48.17 206,540.38 05/16/23 05/16/23 Purchase - Interest 36265QAD8 1.00 1,104.58 207,644.96 05/18/23 05/18/23 Redemption - Principal 882508BV5 1.00 (87,043.40) 120,601.56 05/18/23 05/18/23 Redemption - Interest 882508BV5 1.00 (1,010.08) 119,591.48 05/22/23 05/22/23 Purchase - Interest 43815GAC3 1.00 73.33 119,664.81 05/22/23 05/22/23 Purchase - Interest 380144AD7 1.00 11.96 119,676.77 05/22/23 05/22/23 Purchase - Interest 36261RAD0 1.00 20.07 119,696.84 05/22/23 05/22/23 Purchase - Principal 36261RAD0 1.00 39,007.45 158,704.29 05/24/23 05/24/23 Purchase - Interest 459058JM6 1.00 625.00 159,329.29 05/24/23 05/24/23 Purchase - Principal 91282CDV0 1.00 340,361.33 499,690.62 05/24/23 05/24/23 Purchase - Principal 91282CDV0 1.00 388,609.38 888,300.00

Account Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
05/24/23 05/24/23 Purchase - Interest 91282CDV0 1.00 1,092.54 889,392.54 05/24/23 05/24/23 Purchase - Interest 91282CDV0 1.00 955.97 890,348.51 05/24/23 05/24/23 Redemption - Principal 3137BTUM1 1.00 (368,303.13) 522,045.38 05/24/23 05/24/23 Redemption - Interest 3137BTUM1 1.00 (812.58) 521,232.80 05/24/23 05/24/23 Redemption - Principal 14041NGD7 1.00 (489,887.64) 31,345.16 05/25/23 05/25/23 Purchase - Interest 3137BGK24 1.00 637.92 31,983.08 05/25/23 05/25/23 Purchase - Interest 3137BNGT5 1.00 629.06 32,612.14 05/25/23 05/25/23 Purchase - Interest 3137BSP72 1.00 1,215.96 33,828.10 05/25/23 05/25/23 Purchase - Interest 91282CDV0 1.00 137.78 33,965.88 05/25/23 05/25/23 Purchase - Principal 91282CDV0 1.00 48,568.36 82,534.24 05/25/23 05/25/23 Redemption - Principal 539830BZ1 1.00 (59,892.00) 22,642.24 05/25/23 05/25/23 IP Fees April 2023 1.00 (3,820.59) 18,821.65 05/25/23 05/25/23 U.S. Bank Fees March 2023 1.00 (251.48) 18,570.17 05/30/23 05/30/23 Purchase - Interest 3135G06H1 1.00 406.25 18,976.42 05/31/23 06/01/23 Accrual Income Div Reinvestment - Distributions 1.00 469.22 19,445.64

Account Statement For the Month Ending May 31, 2023

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned 19,445.64
19,445.64
19,445.64
108,084.50
23,901.45

0.00 (25,385,539.36)
25,358,114.59
46,870.41
469.22
19,445.64

0.00 (1,376,027.83)
1,053,368.38
342,105.09
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Month of Fiscal YTD
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
May January-May

5.16%

REPORT TO SUCCESSOR AGENCY 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: June 27, 2023
Subject: SA Update to LAIF Resolution
Recommendation
Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY

OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AUTHORIZING INVESTMENT OF MONIES

IN THE LOCAL AGENCY INVESTMENT FUND
Discussion
The State of California’s Local Agency Investment Fund (LAIF) requires a resolution that identifies Official positions authorized signers to order the deposit or withdrawal of monies held by the State’s LAIF. Since our last resolution in 2012, Successor Agency Staff and positions have changed and do not accurately reflect current authorized staff or positions to manage this fund.

With the 2012 resolution, the allowable authorized signers were the Executive Director and Acting Director of Administrative Services positions. The updated LAIF resolution will remove the “Acting” Director and replace it with the Director of Administrative Services. The Assistant Executive Director and Assistant Administrative Services Director will also be added. This is more reflective of those authorized and provides ample coverage.

Fiscal Impact
No Fiscal Impact
Attachments
Attachment 1- Updated LAIF Resolution
Attachment 1
RESOLUTION NO. SA 2023-___

A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT

AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AUTHORIZING

INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND Whereas, The Local Agency Investment Fund is established in the State Treasury under Government Code section 16429.1 et. seq. for the deposit of money of a local agency for purposes of investment by the State Treasurer; and
Whereas, the Successor Agency hereby finds that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein is in the best interests of the Agency.

NOW, THEREFORE, THE SUCCESSOR AGENCY OF THE REDEVELOPMENT

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

Section 1. The Successor Agency hereby authorizes the deposit and withdrawal of Agency monies in the Local Agency Investment Fund in the State Treasury in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein.

Section 2. The following Agency officers specified hereinbelow or their successors in office are each hereby authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund and may execute and deliver any and all documents necessary or advisable in order to effectuate the purposes of this resolution and the transactions contemplated hereby:

Executive Director – Jason Simpson, or successor
Assistant Executive Director – Shannon Buckley, or successor Director of Administrative Services– Vacant, or successor Assistant Director of – Brendan Rafferty, or successor
Section 3. This resolution shall remain in full force and effect until rescinded by the Successor Agency by Resolution and a copy of the Resolution rescinding this Resolution is filed with the State Treasurer’s Office.

Section 4. This Resolution shall take effect immediately upon its adoption.

Section 5. The Secretary shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

Passed and Adopted at a regular meeting of the Successor Agency of the City of Lake Elsinore, California, this ____ day of _____________ 20___.

Natasha Johnson
Chair
SA Reso No. 2023-___

3 1
5 4
9 Attest:

Candice Alvarez, MMC
Secretary

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, Secretary of the Successor Agency to the Redevelopment Agency of City of Lake Elsinore, California, do hereby certify that Resolution No. 2023-____ was adopted by the Successor Agency of the City of Lake Elsinore, California, at the Regular meeting of ___________ __, 2021 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
Secretary

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: June 27, 2023
Subject: Change Order No.1 to United Carports, LLC for the Stadium Facility Project, CIP Project No. Z20003
Recommendation
Approve and authorize the Executive Director to execute Change Order No. 1 for the amount not to exceed $16,500.00 for the Stadium Facility Project to United Carports, LLC.

Background
Under the Stadium Operations Contracts and Interim Management Agreement, the Successor Agency is responsible for capital repairs. The Successor Agency is performing a required facility capital project at Diamond Stadium. The project is needed to satisfy major league baseball facility requirements, facility capital repairs, and ADA building code accessibility inadequacies.

This project includes an expansion of over 6,000 square feet of indoor facility to accommodate the new locker room and clubhouse standards for major league baseball. This project will also include a new indoor batting facility and workout facility to replace the old decaying facility behind the home run wall.

On October 11, 2022, the Agency entered a public works construction project with United Carports, LLC. Work began shortly thereafter and progressed rapidly during the baseball offseason. The amount of this change order exceeds the approved 10 percent contingency in the original agreement amount.

Discussion
The construction of the project was completed, and the facility was turned over to Storm Management. During the final stages of construction, it was determined that an additional concrete sidewalk (3,100 sq ft) around the facility would greatly improve the overall accessibility of the facility and access to the stadium concourse. Performing the additional concrete work before the start of the baseball season allowed for this work to be completed without disruption to the baseball team practices and home games. This permitted the contractor to complete the Stadium Facility Project – Z20003

additional work and expedited the project’s completion. The additional scope of work compliments the original design and functionality of the new facility.

Consequently, after-the-fact approval of the change order expenditure is required to clean up the project accounting. The Contractor has completed all the work associated with the project scope but has not been paid the impending change order amount. Once approved, the final invoice payment for the project will be disbursed.

Fiscal Impact
Stadium Building Expansion Project, CIP, Project No. Z20003 is included in the Fiscal Year 22/23 – 27/28 Capital Improvement Plan (CIP) Budget. The contract amount herein is fully funded with ROP funding. Real Property Tax Trust Funds (RPTTF) are allocated to the Agency through the ROPS.

Attachments
Attachment 1- Change Order #1 - Z20003

SUCCESSOR AGENCY OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE

CITY OF LAKE ELSINORE
130 S. MAIN STREET
LAKE ELSINORE, CA 92530
(951) 674-3124
PROJECT CHANGE ORDER CHANGE ORDER # 1
DATE: June 27, 2023
THIS CHANGE ORDER IS APPLICABLE TO:

AGENCY PROJECT # Z20003 CONTRACT AWARDED TO:

PROJECT TITLE: Diamond Stadium Facility Project United Carport LLC DATE AWARDED: October 11, 2022
Authorized by: Jason Simpson TOTAL AMOUNT OF CONTRACT
Executive Director PRIOR TO THIS CHANGE ORDER
$525,000.00
CONTRACTOR IS AUTHORIZED TO MAKE THE FOLLOWING CHANGES:

QUANTITIES INCREASED

ITEM QUANTITY UNIT UNIT PRICE EXTENSION
3,100 sq ft finish concrete Lump Sum 1.00 $16,500.00 $16,500.00

QUANTITIES DECREASED

ITEM QUANTITY UNIT PRICE EXTENSION
None
TOTAL $16,500.00

THE AMOUNT OF THE CONTRACT WILL BE (INCREASED) BY THE
SUM OF $16,500.00
Change Order No. 1
Review by: Initials Date Approved by: Date
Director Public Works:

Contractor
Executive Director

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: June 27, 2023
Subject: Capital Improvement Plan (CIP) Budget for Fiscal Years 2023-24 to 2027-28 Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2023-24 THROUGH 2027-28.

Background
By direction of the City Council, City staff updates and maintains a Five-Year CIP in conjunction with the annual budget cycle. Included in the CIP are construction projects, facility improvements, and purchases. Various projects were developed and proposed in this Cycle of the CIP using input from City Council, staff, and the public. In compliance with Government Code 65401, on June 6, 2023, the Planning Commission reviewed and made a finding that the City’s CIP program is in conformance with the City’s General Plan.

CIP Projects have been classified into two types of projects, Construction and Non-Construction CIP, and four categories: Circulation, Facilities, Infrastructure, and Parks. The Construction CIP are projects concerning major infrastructure or specific improvement projects. The NonConstruction CIP are significant purchases by the City or recurring street improvements, studies, plans, or equipment (i.e., annual slurry seal, traffic lights, etc.).

Discussion
This CIP budget document was developed by incorporating input from the City Council and key management team members based on community comments and feedback received throughout the year. Through several internal workshops, the team then identified and evaluated community needs in the areas of roads/streets, bridges, public buildings, parks, and recreation facilities projects. Each proposed project was reviewed and discussed to ensure funding, timing, and Capital Improvement Plan (CIP) Budget for Fiscal Years 2023-24 to 2027-28

necessity were appropriately addressed. All projects were evaluated to ensure consistency with the City of Lake Elsinore General Plan while considering the City’s long-term vision as developed by the City Council. Again, the Planning Commission adopted a Resolution finding the CIP plan consistent with the City’s General Plan at its June 6, 2023, Planning Commission Meeting.

Projects in this document have been scheduled in the five fiscal years based on community needs, as determined by the City Council and funding availability. Additionally, since many projects in the CIP are conceptual, the general outline for cost estimates provided in last year’s document was revised and utilized as shown on the Parameters for CIP Budget Cost page. The FY2023-24 to FY2027-28 Capital Improvement Plan identifies 82 projects consisting of 44 Circulation Projects totaling $443,919,751 ($39,350,940 for FY2023-24); 7 Facilities Projects totaling $118,029,511; 10 Infrastructure Projects totaling $18,533,803; and 21 Park Projects totaling $92,912,597. The total cost to complete the proposed projects is $673,395,662 of which $78,170,860 was programmed for FY 2023-24. These projects have been identified as the necessary infrastructure for the City and will require that funding sources be identified before the projects can commence. Including those with funding still needed in the document assists staff with seeking grants and negotiating improvements with potential 3rd parties. Other critical elements of the CIP are:

Projects completed during the last year include:
• Ortega Monument
• Public Works Yard Entrance
• Public Works Shop
• Shade Structures at McVicker Park, Tuscany Hills Park, Launch Pointe, and Summerly Park
• Artificial Turf at Canyon Hills Park
• Downtown Pavement Rehab
• Avenues Pavement Rehab
• Collier/Central Pavement Rehab
• Camino Del Norte Guardrail
• Collier/Minthorn Pavement Rehab
• HSIP Cycle 8
Ongoing Projects include:
• Boat Dock Additions
• City Library
• Citywide Park Improvements
• Emergency Operations Center
• Highway Safety Improvements – Cycle 9
• Main Street Interchange
• Main Street Pedestrian Safety and IT Infrastructure Improvements • Murrieta Creek Regional Trail Connection
• SB 821 Projects
Capital Improvement Plan (CIP) Budget for Fiscal Years 2023-24 to 2027-28

o Downtown Sidewalk Improvements
o Lakeshore Sidewalk Improvements
• Temescal Canyon Road Bridge
New Projects include:
• Auto Center Drive Pavement Rehabilitation
• Broadway Tract Paving
• Downtown Main Street Parking & Landscape Improvements • I-15/Franklin Street Interchange Improvements
• Mountain and Avocado Way Tract Paving Rehabilitation
• Summerhill Drive Pavement Rehabilitation
• The Hangar – Amphitheater
Fiscal Impact
The CIP Budget for FY2023-24 to 2027-28 includes improvements throughout the City. Total CIP cost is $78,170,860 for FY2023-24. Funding sources include but are not limited to, development fees from TIF and Area Drainage; grants including CDBG, Measure-A, Measure Z, and Gas Tax; and assessment districts for specific project areas.

Attachments
Attachment 1 - Resolution Adopting CIP
Attachment 2 - CIP Plan Budget FY 2023-24 to 2027-28
RESOLUTION NO. 2023 – XXX

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

CALIFORNIA, ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR
FISCAL YEARS 2023-24 TO 2027-28

WHEREAS, the City of Lake Elsinore annually adopts and updates a long-range program of proposed capital improvement projects with single and multiple-year capital expenditures to guide the planning, scheduling and budgeting of capital improvement projects during the next five-year period; and
WHEREAS, staff has prepared a proposed Capital Improvement Plan (CIP) for Fiscal Years 2023-24 to 2027-28 which includes appropriations for each capital improvement project presented in the budget, with some projects spanning multiple fiscal years; and WHEREAS, the proposed CIP for Fiscal Years 2023-24 to 2027-28 was submitted to the Lake Elsinore Planning Commission at its regularly scheduled public meeting of June 6, 2023; and
WHEREAS, in accordance with Government Code Section 65401, the Lake Elsinore Planning Commission made a finding at their meeting of June 6, 2023, that the CIP for Fiscal Years 2023-24 to 2027-28 conforms to the Lake Elsinore General Plan; and WHEREAS, the Planning Commission has caused to be transmitted to the City Council a copy of its report and resolution finding that the CIP for Fiscal Years 2023-24 to 2027-28 conforms to the Lake Elsinore General Plan; and WHEREAS, the proposed CIP for Fiscal Years 2023-24 to 2027-28 was submitted to the City Council at a noticed public hearing on June 27, 2023; and WHEREAS, the City Council considered testimony and evidence presented at the public hearing on June 27, 2023 and reviewed the proposed CIP for Fiscal Years 2023-24 through 2027-28 in light of all information presented.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVES, DETERMINES AND ORDERS AS FOLLOWS:

SECTION 1. The Council confirms and accepts the finding of the Lake Elsinore Planning Commission that the CIP for Fiscal Years 2023-24 to 2027-28 conforms to the Lake Elsinore General Plan.

SECTION 2. The City Council finds that the CIP for Fiscal Years 2023-24 to 2027-28 demonstrates the efficient appropriation of public funds relating to the implementation of capital improvement projects anticipated to be undertaken throughout the City over the course of the ensuing five years. The Council further finds that the CIP is a governmental fiscal activity which does not involve a commitment to a specific project that may result in potentially significant impacts on the environment and that the adoption of the CIP is not a "project" within the meaning of California Environmental Quality Act (CEQA).

Individual projects developed pursuant to the CIP will be subject to CEQA.

SECTION 3. The CIP for Fiscal Years 2023-24 to 2027-28 is hereby approved and adopted. A copy of the CIP for Fiscal Years 2023-24 to 2027-28 hereby adopted and certified by the City Clerk, shall be filed with the City Manager or a designated representative, and a further copy so certified shall be placed and shall remain on file in the Office of the City Clerk where it shall be available for inspection.

SECTION 4. This Resolution shall take effect from and after the date of its passage and adoption.

PASSED AND ADOPTED this 27th day of June 2023.
______________________________
Natasha Johnson, Mayor
ATTEST:
____________________________
Candice Alvarez
City Clerk

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ŵĞƌŐĞŶĐLJKƉĞƌĂƚŝŽŶƐĞŶƚĞƌ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘ϮϬϯ /ŶĨƌĂƐƚƌƵĐƚƵƌĞWƌŽũĞĐƚƐ
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džƚĞŶƐŝŽŶ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘Ϯϭϭ
ŝƚLJǁŝĚĞ
ůĞĐƚƌŝĐsĞŚŝĐůĞŚĂƌŐŝŶŐ^ƚĂƚŝŽŶƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘Ϯϭϱ ŽůůŝĞƌǀĞŶƵĞƌĂŝŶĂŐĞ/ŵƉƌŽǀĞŵĞŶƚƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘Ϯϭϵ DĂŝŶ^ƚƌĞĞƚƌĐŚǁĂLJ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϮϮϯ DƵƌƌŝĞƚĂƌĞĞŬZĞŐŝŽŶĂůdƌĂŝůŽŶŶĞĐƚŝŽŶ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϮϮϳ WŽƉĞŝƌĐůĞ/ŵƉƌŽǀĞŵĞŶƚƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘Ϯϯϭ ZŝĐĞĂŶLJŽŶZĞǀĞƚŵĞŶƚ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘Ϯϯϱ ^ƚŽƌŵƌĂŝŶĂƚĐŚĂƐŝŶ/ŶůĞƚ&ŝůƚĞƌ/ŶƐƚĂůůĂƚŝŽŶ ͙͙͙͙͙͙͙͙͙͙͙͙Ϯϯϵ dŚŝƌĚ^ƚƌĞĞƚƌĂŝŶĂŐĞ/ŵƉƌŽǀĞŵĞŶƚͲWŚĂƐĞ/// ͙͙͙͙͙͙͙͙͙͙͙͙Ϯϰϯ dĂďůĞŽĨŽŶƚĞŶƚƐ;ĐŽŶƚŝŶƵĞĚͿ
WĂƌŬWƌŽũĞĐƚƐ
 ůďĞƌŚŝůůsŝůůĂŐĞ^ƉŽƌƚƐWĂƌŬ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙Ϯϰϳ ƋƵĂƚŝĐ
ĐŽƐLJƐƚĞŵZĞƐƚŽƌĂƚŝŽŶWƌŽũĞĐƚ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘Ϯϱϭ ŽĂƚŽĐŬĚĚŝƚŝŽŶƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘Ϯϱϱ ŽĂƚ>ĂƵŶĐŚDŝƚŝŐĂƚŝŽŶ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙Ϯϱϵ ĂŶLJŽŶ,ŝůůƐWĂƌŬhƉŐƌĂĚĞƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘Ϯϲϯ ŝƚLJWĂƌŬ/ŵƉƌŽǀĞŵĞŶƚƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘Ϯϲϳ ŝƚLJǁŝĚĞWĂƌŬ/ŵƉƌŽǀĞŵĞŶƚƐ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘Ϯϳϭ ŽĐŬ
džƚĞŶƐŝŽŶ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙Ϯϳϱ
>ĂŬĞZĞǀŝƚĂůŝnjĂƚŝŽŶWůĂŶ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘Ϯϳϵ >ĂƵŶĐŚWŽŝŶƚĞŵĞŶŝƚLJ/ŵƉƌŽǀĞŵĞŶƚƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙Ϯϴϯ >ĞǀĞĞΘ/ŶůĞƚŚĂŶŶĞů^ůŽƉĞZĞƉĂŝƌƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘Ϯϴϵ WĂƌŬƐDĂƐƚĞƌWůĂŶhƉĚĂƚĞ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘Ϯϵϯ ^ĞƌĞŶŝƚLJWĂƌŬ&ŝƚŶĞƐƐdƌĂŝů ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘Ϯϵϳ ^ĞƌĞŶŝƚLJWĂƌŬ/ŵƉƌŽǀĞŵĞŶƚƐ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϯϬϭ ^ŶĂĐŬĂƌ/ŵƉƌŽǀĞŵĞŶƚƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙ϯϬϱ ^ƉĞĐŝĂůEĞĞĚƐDƵůƚŝͲ^ƉŽƌƚWĂƌŬ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϯϬϵ ^ƉůĂƐŚWĂĚƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϯϭϯ ^ƉŽƌƚƐƉůĞdž͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϯϭϳ ^ƵŵŵĞƌůLJWĂƌŬ/ŵƉƌŽǀĞŵĞŶƚƐ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϯϮϭ dŚĞZĞƐĞƌǀĞƚ>ĂƵŶĐŚWŽŝŶƚĞ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϯϮϱ dƵƐĐĂŶLJ,ŝůůƐWĂƌŬZĞŶŽǀĂƚŝŽŶ ͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͙͘͘ϯϮϵ WZK:
d dKd>WZK:
dK^d dh>^W/dK
d
&hdhZ
z
Z^
ϮϬϮϯͲϮϰ
/Wh'
d
Z
Yh
^d

ϮϬϮϯͲϮϰ
/WWZK:
d^
&hE

/Zh>d/KEWZK:
d^͗
EEh>/dzt/
^W,>dD/Ed
EE
WZK'ZD ϭϬ͕ϬϬϬ͕ϬϬϬ  Ͳ  ϴ͕ϬϬϬ͕ϬϬϬ  Ϯ͕ϬϬϬ͕ϬϬϬ  Ϯ͕ϬϬϬ͕ϬϬϬ  EEh>/dzt/
/ZdZKWs/E'WZK'ZD ϱ͕ϭϬϱ͕ϬϬϬ  Ͳ  ϰ͕ϲϬϱ͕ϭϵϬ  ϰϵϵ͕ϴϭϬ  ϰϵϵ͕ϴϭϬ  EEh>/dzt/
dZ&&//DWZKs
D
Ed^ ϭ͕ϬϬϱ͕ϬϬϬ  Ͳ  ϴϬϰ͕ϬϬϬ  ϮϬϭ͕ϬϬϬ  ϮϬϭ͕ϬϬϬ  EEh>/dzt/
>E^W
Z
EKsd/KE ϭϱ͕ϬϱϬ͕ϬϬϬ  Ͳ  ϭϯ͕ϬϱϬ͕ϬϬϬ  Ϯ͕ϬϬϬ͕ϬϬϬ  Ϯ͕ϬϬϬ͕ϬϬϬ  EEh>/dzt/
^/
t></DWZKs
D
Ed^ ϭ͕ϬϮϱ͕ϬϬϬ  Ͳ  ϭ͕ϬϮϱ͕ϬϬϬ  Ͳ  Ͳ  EEh>/dzt/
^/'E/Es
EdKZz ϭ͕ϮϬϬ͕ϬϬϬ  ϵϲϬ͕ϬϬϬ  ϮϰϬ͕ϬϬϬ  ϮϰϬ͕ϬϬϬ  EEh>/dzt/
^>hZZz^
>WZK'ZD Ϯ͕ϲϭϱ͕ϭϬϬ  Ͳ  Ϯ͕ϭϭϯ͕ϭϬϬ  ϱϬϮ͕ϬϬϬ  ϱϬϮ͕ϬϬϬ  EEh>/dzt/
^hZ&
ΘD/EKZZ/E'
/DWZKs
D
Ed^ ϯ͕ϴϰϱ͕ϬϬϬ  Ͳ  ϯ͕ϬϴϬ͕ϬϬϬ  ϳϲϱ͕ϬϬϬ  ϳϲϱ͕ϬϬϬ  EEh>/dzt/
^hZs
zΘ^/
t></DWZKs
D
Ed^ Ϯ͕ϲϱϬ͕ϬϬϬ  Ͳ  Ϯ͕ϭϯϬ͕ϬϬϬ  ϱϮϬ͕ϬϬϬ  ϱϮϬ͕ϬϬϬ  EEh>/dzt/
dZ&&/^dZ/W/E'/DWZKs
D
Ed^ ϭ͕ϳϭϬ͕ϬϬϬ  Ͳ  ϭ͕ϯϳϬ͕ϬϬϬ  ϯϰϬ͕ϬϬϬ  ϯϰϬ͕ϬϬϬ  hdK
Ed
ZZ/s
Z/'
^
/^D/Z
dZK&/d ϱ͕ϱϮϮ͕ϯϬϮ  ϱϭϬ͕ϯϬϮ  ϰ͕Ϭϰϳ͕ϬϬϬ  ϵϲϱ͕ϬϬϬ  ϵϲϱ͕ϬϬϬ  hdK
Ed
ZZ/s
Ws
D
EdZ
,/>/dd/KEWZK:
d ϵϲϱ͕ϬϬϬ  Ͳ  Ͳ  ϵϲϱ͕ϬϬϬ  ϵϲϱ͕ϬϬϬ  s
Eh
ϲͬ/Zt/E^/
t><WZK:
d ϰϲϬ͕ϬϬϬ  Ͳ  ϰϲϬ͕ϬϬϬ  Ͳ  Ͳ  ZKtzdZdWs/E' Ϯ͕ϬϬϭ͕ϮϬϬ  Ͳ  Ϯ͕ϬϬϭ͕ϮϬϬ  Ͳ  Ͳ  KtEdKtED/E^dZ

dWZ</E'Θ>E^W
/DWZKs
D
Ed Ϯ͕ϯϬϰ͕ϱϬϬ  Ϯ͕ϬϬϬ͕ϬϬϬ  ϯϬϰ͕ϱϬϬ  ϯϬϰ͕ϱϬϬ  KtEdKtE^/
t></DWZKs
D
Ed^Ͳ^ϴϮϭ ϰϳϵ͕ϴϲϲ  Ϯϰ͕ϱϲϲ  Ͳ  ϰϱϱ͕ϯϬϬ  ϰϱϱ͕ϯϬϬ 

^d><
/Zh>d/KE ϭϬ͕ϭϴϴ͕ϲϴϱ  Ͳ  ϭϬ͕ϭϴϴ͕ϲϴϱ  Ͳ  Ͳ  '
'
s
͘ΘdZ
>
s
Es
͘Z
^hZ&/E' ϰϱϬ͕ϬϬϬ  Ͳ  Ͳ  ϰϱϬ͕ϬϬϬ  ϰϱϬ͕ϬϬϬ  'hEE
Z^KE^dZ/s
Z^/
Z/Ed
Z^
d/KEdZ&&/^/'E>/DWZsDd ϵϮ  Ͳ Ϭ͕ϬϬϬ  ϳϲϬ͕ϬϬϬ  ϭϲϬ͕ϬϬϬ  ϭϲϬ͕ϬϬϬ  ,/',tz^&
dz/DWZKs
D
Ed^z>
ϵ Ϯ͕Ϭϱϰ͕Ϯϭϴ  ϭϰϰ͕Ϯϭϴ  Ͳ  ϭ͕ϵϭϬ͕ϬϬϬ  ϭ͕ϵϭϬ͕ϬϬϬ  ,/',tz^&
dz/DWZKs
D
Ed^z>
ϭϭ ϯϮϱ͕ϬϬϬ  Ͳ  ϯϮϱ͕ϬϬϬ  Ͳ  Ͳ  /Ͳϭϱ&ZE<>/E^dZ

d/Ed
Z,E'
/DWZKs
D
Ed ϭϬϬ͕ϬϮϬ͕ϬϬϬ  Ͳ  ϵϲ͕ϬϭϬ͕ϬϬϬ  ϰ͕ϬϭϬ͕ϬϬϬ  ϰ͕ϬϭϬ͕ϬϬϬ  /ͲϭϱD/E^dZ

d/Ed
Z,E'
>E^W
/DWZKs
D
Ed ϭ͕ϭϬϬ͕ϬϬϬ  Ͳ  ϮϱϬ͕ϬϬϬ  ϴϱϬ͕ϬϬϬ  ϴϱϬ͕ϬϬϬ  /ͲϭϱE/,K>^ZK/Ed
Z,E'
ϰϯ͕ϵϲϭ͕ϲϬϳ  ϳϲ͕ϲϬϳ  ϰϮ͕ϱϬϱ͕ϬϬϬ  ϭ͕ϯϴϬ͕ϬϬϬ  ϭ͕ϯϴϬ͕ϬϬϬ  /ͲϭϱZ/>ZKEzKE/Ed
Z,E'
Θ/ϭϱͬD/E^dZdWE
> ϴϭϱ͕ϯϬϱ  ϭϱ͕ϯϬϱ  Ͳ  ϴϬϬ͕ϬϬϬ  ϴϬϬ͕ϬϬϬ  /Ͳϭϱ^dd
ZKhd
ϳϰ/Ed
Z,E'
WZK:
d ϰϬ͕ϴϳϲ͕ϯϲϮ  Ϯ͕Ϯϳϲ͕ϯϲϮ  ϯϱ͕ϬϬϬ͕ϬϬϬ  ϯ͕ϲϬϬ͕ϬϬϬ  ϯ͕ϲϬϬ͕ϬϬϬ  >^dZ
yd
E^/KE Ϯϴ͕ϰϲϱ͕ϭϵϱ  ϭϬϱ͕ϬϬϬ  Ϯϴ͕ϭϭϬ͕ϭϵϱ  ϮϱϬ͕ϬϬϬ  ϮϱϬ͕ϬϬϬ  ><
^dZ

dt/
E/E' ϯϲ͕Ϭϲϴ͕ϵϬϵ  Ͳ  ϯϲ͕Ϭϲϴ͕ϵϬϵ  Ͳ  Ͳ  ><
^,KZ
^/
t></DWZKs
D
Ed^Ͳ^ϴϮϭ ϲϵϱ͕ϱϬϬ  ϰϬ͕ϬϬϬ  Ͳ  ϲϱϱ͕ϱϬϬ  ϲϱϱ͕ϱϬϬ  D/E^dZ

d/Ed
Z,E'
/DWZKs
D
Ed^ ϭϭ͕ϭϴϬ͕ϲϲϵ  ϯ͕ϭϴϬ͕ϲϲϵ  Ͳ  ϴ͕ϬϬϬ͕ϬϬϬ  ϴ͕ϬϬϬ͕ϬϬϬ  D/E^dZ

dW

^dZ/E^&
dz/DWZKs
D
Ed^E/d ϯ͕ϬϬϵ͕ϬϮϴ  ϴϰ͕ϬϮϴ  Ͳ  Ϯ͕ϵϮϱ͕ϬϬϬ  Ϯ͕ϵϮϱ͕ϬϬϬ  DKhEd/EΘsKKtzdZdWs/E'Z
, ϭ͕ϱϰϱ͕ϬϬϬ  Ͳ  Ͳ  ϭ͕ϱϰϱ͕ϬϬϬ  ϭ͕ϱϰϱ͕ϬϬϬ  E/,K>^ZK/DWZKs
D
Ed^ Ϯϭ͕ϴϬϱ͕ϱϵϭ Ͳ  Ϯϭ͕ϴϬϱ͕ϱϵϭ  Ͳ  Ͳ  Z/>ZKEzKEZK^&
dz/DWZKs
D
Ed^ ϯ͕ϵϴϰ͕ϲϱϬ  Ͳ  ϯ͕ϲϯϰ͕ϲϱϬ  ϯϱϬ͕ϬϬϬ  ϯϱϬ͕ϬϬϬ  ^&
dz>/',d/E' ϭϮϱ͕ϬϯϬ  Ͳ  Ͳ  ϭϮϱ͕ϬϯϬ  ϭϮϱ͕ϬϯϬ  ^ϭWs
D
EdWZK:
d&zϮϱͲϮϲ ϭ͕ϯϯϮ͕ϯϴϳ  Ͳ  ϭ͕ϯϯϮ͕ϯϴϳ  Ͳ  Ͳ  ^ϭWs
D
EdWZK:
d&zϮϲͲϮϳ ϭ͕ϯϯϮ͕ϯϴϳ  Ͳ  ϭ͕ϯϯϮ͕ϯϴϳ  Ͳ  Ͳ  ^ϭWs
D
EdWZK:
d&zϮϳͲϮϴ ϭ͕ϯϯϮ͕ϯϴϳ  Ͳ  ϭ͕ϯϯϮ͕ϯϴϳ  Ͳ  Ͳ  ^WZ/E'^dZ

d^/
t><WZK:
d ϯϴϬ͕ϬϬϬ  Ͳ  ϯϴϬ͕ϬϬϬ  Ͳ  Ͳ  ^dd
ZKhd
ϳϰt/
E/E' ϭϭ͕ϱϱϬ͕ϬϬϬ  Ͳ  ϭϭ͕ϱϱϬ͕ϬϬϬ  Ͳ  Ͳ  ^hDD
Z,/>>Z/s

yd
E^/KE ϯϯ͕ϱϬϵ͕ϳϱϭ  ϱϬϵ͕ϳϱϭ  ϯϯ͕ϬϬϬ͕ϬϬϬ  Ͳ  Ͳ  ^hDD
Z,/>>Z/s
Ws
D
EdZ
,/>/dd/KE ϭ͕ϴϮϬ͕ϬϬϬ  Ͳ  Ͳ  ϭ͕ϴϮϬ͕ϬϬϬ  ϭ͕ϴϮϬ͕ϬϬϬ  d
D
^>EzKEZKͲZ/'
ΘZKt/
E/E'W,^
/ Ϯϰ͕ϭϱϱ͕Ϯϲϲ  Ϯ͕ϵϱϬ͕Ϯϲϲ  Ϯϭ͕ϬϬϬ͕ϬϬϬ  ϮϬϱ͕ϬϬϬ  ϮϬϱ͕ϬϬϬ  d
ZZKddZK^dZ

d/DWZKs
D
EdWZK:
d ϰ͕ϵϳϴ͕ϴϱϲ  ϭϬϭ͕Ϭϱϲ  ϰ͕ϯϮϬ͕ϬϬϬ  ϱϱϳ͕ϴϬϬ  ϱϱϳ͕ϴϬϬ  dKd>/Zh>d/KEWZK:
d^ ϰϰϯ͕ϵϭϵ͕ϳϱϭ  ϭϬ͕Ϭϭϴ͕ϭϯϬ  ϯϵϰ͕ϱϱϬ͕ϲϴϭ  ϯϵ͕ϯϱϬ͕ϵϰϬ  ϯϵ͕ϯϱϬ͕ϵϰϬ  &/>/dzWZK:
d^͗
DW,/d,
d
Z ϰ͕ϱϬϬ͕ϬϬϬ  Ͳ  ϰ͕ϱϬϬ͕ϬϬϬ  Ͳ  Ͳ  Yhd/^
Ed
Z ϰϬ͕ϬϬϬ͕ϬϬϬ  Ͳ  ϰϬ͕ϬϬϬ͕ϬϬϬ  Ͳ  Ͳ  h/>/E'&/>/d/
^Z
EKsd/KE^ ϭϬ͕ϬϬϬ͕ϬϬϬ  Ͳ  ϴ͕ϰϭϱ͕ϬϬϬ  ϭ͕ϱϴϱ͕ϬϬϬ  ϭ͕ϱϴϱ͕ϬϬϬ  /dz,>>  Ϯ͕ϯϬϲ͕ϴϴϯ ϯϭ͕ϯϬϲ͕ϴϴϯ  ϵ͕ϬϬϬ͕ϬϬϬ  ϮϬ͕ϬϬϬ͕ϬϬϬ  ϮϬ͕ϬϬϬ͕ϬϬϬ  /dz>/ZZz  ϳϬϱ͕ϭϲϴ ϭϯ͕ϬϮϳ͕ϲϮϴ  ϭϭ͕ϬϬϬ͕ϬϬϬ  ϭ͕ϯϮϮ͕ϰϲϬ  ϭ͕ϯϮϮ͕ϰϲϬ  KDDhE/dz
Ed
Z ϭϴ͕ϬϬϬ͕ϬϬϬ  Ͳ  ϭϳ͕ϳϴϰ͕ϬϯϬ  Ϯϭϱ͕ϵϳϬ  Ϯϭϱ͕ϵϳϬ 

D
Z'
EzKW
Zd/KE^
Ed
Z ϭ͕ϭϵϱ͕ϬϬϬ  ϰϬϬ͕ϬϬϬ  Ͳ  ϳϵϱ͕ϬϬϬ  ϳϵϱ͕ϬϬϬ  dKd>&/>/dzWZK:
d^ ϭϭϴ͕ϬϮϵ͕ϱϭϭ  ϯ͕ϰϭϮ͕Ϭϱϭ  ϵϬ͕ϲϵϵ͕ϬϯϬ  Ϯϯ͕ϵϭϴ͕ϰϯϬ  Ϯϯ͕ϵϭϴ͕ϰϯϬ  /E&Z^dZhdhZ
WZK:
d^͗
s
Eh
^D^d
ZW>E^dKZDZ/EWZK:
d Ϯ͕ϵϰϰ͕ϯϳϯ  ϭϯϰ͕ϯϳϯ  Ͳ  Ϯ͕ϴϭϬ͕ϬϬϬ  Ϯ͕ϴϭϬ͕ϬϬϬ  D/EK
>EKZd
^
t
Z
yd
E^/KE ϵϴϮ͕ϴϯϵ  ϮϮ͕ϴϯϵ  Ͳ  ϵϲϬ͕ϬϬϬ  ϵϲϬ͕ϬϬϬ  /dzt/

>
dZ/s
,/>
,Z'/E'^dd/KE^ ϲϱϬ͕ϬϬϬ  Ͳ  ϲϱϬ͕ϬϬϬ  Ͳ  Ͳ  K>>/
Zs
Eh
Z/E'
/DWZKs
D
Ed^ ϲϱϳ͕ϬϬϬ  Ͳ  ϲϬϬ͕ϬϬϬ  ϱϳ͕ϬϬϬ  ϱϳ͕ϬϬϬ  D/E^dZ

dZ,tz ϲϴϬ͕ϬϬϬ  Ͳ  ϲϴϬ͕ϬϬϬ  Ͳ  Ͳ  DhZZ/
dZ

<Z
'/KE>dZ/>KEE
d/KE ϳ͕ϭϱϱ͕ϱϰϯ  ϱϵϱ͕ϱϰϯ  ϱ͕ϲϱϬ͕ϬϬϬ  ϵϭϬ͕ϬϬϬ  ϵϭϬ͕ϬϬϬ  WKW
/Z>
/DWZKs
D
Ed^ ϱϴϬ͕ϬϬϬ  Ͳ  Ͳ  ϱϴϬ͕ϬϬϬ  ϱϴϬ͕ϬϬϬ  Z/
EzKEZ
s
dD
Ed Ϯ͕ϱϬϬ͕ϬϬϬ  Ͳ  Ϯ͕ϱϬϬ͕ϬϬϬ  Ͳ  Ͳ  ^dKZDZ/Ed,^/E/E>
d&/>d
Z/E^d>>d/KE ϳϱϬ͕ϬϬϬ  Ͳ  ϲϬϬ͕ϬϬϬ  ϭϱϬ͕ϬϬϬ  ϭϱϬ͕ϬϬϬ  d,/Z^dZ

dZ/E'
/DWZKs
D
EdͲW,^
/// ϭ͕ϲϯϰ͕Ϭϰϴ  Ͳ  ϭ͕ϲϯϰ͕Ϭϰϴ  Ͳ  Ͳ  dKd>/E&Z^dZhdhZ
WZK:
d^ ϭϴ͕ϱϯϯ͕ϴϬϯ  ϳϱϮ͕ϳϱϱ  ϭϮ͕ϯϭϰ͕Ϭϰϴ  ϱ͕ϰϲϳ͕ϬϬϬ  ϱ͕ϰϲϳ͕ϬϬϬ  /dzK&><

>^/EKZ
͕>/&KZE/
W/d>/DWZKs
D
EdW>E;/WͿ
&zϮϬϮϯͲϮϰd,ZKh',&zϮϬϮϳͲϮϴ
1 WZK:
d dKd>WZK:
dK^d dh>^W/dK
d
&hdhZ
z
Z^
ϮϬϮϯͲϮϰ
/Wh'
d
Z
Yh
^d

ϮϬϮϯͲϮϰ
/WWZK:
d^
&hE

/dzK&><

>^/EKZ
͕>/&KZE/
W/d>/DWZKs
D
EdW>E;/WͿ
&zϮϬϮϯͲϮϰd,ZKh',&zϮϬϮϳͲϮϴ
WZ<WZK:
d^͗
>
Z,/>>s/>>'
^WKZd^WZ< ϰϱ͕ϬϬϬ͕ϬϬϬ  Ͳ  ϰϱ͕ϬϬϬ͕ϬϬϬ  Ͳ  Ͳ  Yhd/
K^z^d
DZ
^dKZd/KEWZK:
d ϭ͕ϯϳϱ͕ϬϬϬ  Ͳ  ϭ͕ϮϱϬ͕ϬϬϬ  ϭϮϱ͕ϬϬϬ  ϭϮϱ͕ϬϬϬ  KdK</d/KE^ ϭ͕ϭϬϬ͕ϬϬϬ  Ͳ  Ͳ  ϭ͕ϭϬϬ͕ϬϬϬ  ϭ͕ϭϬϬ͕ϬϬϬ  Kd>hE,D/d/'d/KE ϭ͕ϯϵϳ͕ϲϴϵ  ϭ͕ϯϮϰ͕ϲϭϵ  Ͳ  ϳϯ͕ϬϳϬ  ϳϯ͕ϬϳϬ  EzKE,/>>^WZ<hW'Z
^ ϱ͕Ϯϱϰ͕ϳϴϳ  ϰ͕ϳϰϰ͕ϳϴϳ  ϰϴϮ͕ϮϬϬ  Ϯϳ͕ϴϬϬ  Ϯϳ͕ϴϬϬ  /dzWZ</DWZKs
D
Ed^ ϭ͕ϬϭϬ͕ϬϮϬ  Ͳ  Ͳ  ϭ͕ϬϭϬ͕ϬϮϬ  ϭ͕ϬϭϬ͕ϬϮϬ  /dzt/
WZ</DWZKs
D
Ed^ ϴ͕ϰϭϱ͕ϰϲϭ  ϰ͕ϴϳϱ͕ϰϲϭ  Ϯ͕Ϯϯϵ͕ϮϬϬ  ϭ͕ϯϬϬ͕ϴϬϬ  ϭ͕ϯϬϬ͕ϴϬϬ  K<
yd
E^/KE ϰϰϬ͕ϬϬϬ  Ͳ  Ͳ  ϰϰϬ͕ϬϬϬ  ϰϰϬ͕ϬϬϬ  ><
Z
s/d>/d/KEW>E ϭ͕ϬϬϬ͕ϬϬϬ  Ͳ  ϭ͕ϬϬϬ͕ϬϬϬ  Ͳ  Ͳ  >hE,WK/Ed
D
E/dz/DWZKs
D
Ed^ ϴϴϬ͕ϬϬϬ  Ͳ  Ͳ  ϴϴϬ͕ϬϬϬ  ϴϴϬ͕ϬϬϬ  >
s

Θ/E>
d,EE
>^>KW
Z
W/Z^ ϱϬϬ͕ϬϬϬ  Ͳ  ϱϬϬ͕ϬϬϬ  ϱϬϬ͕ϬϬϬ  WZ<^D^d
ZW>EhWd
ϱϬϬ͕ϬϬϬ  Ͳ  ϱϬϬ͕ϬϬϬ  ϱϬϬ͕ϬϬϬ  ^
Z
E/dzWZ<&/dE
^^dZ/> ϰϮϱ͕ϳϬϭ  ϳϱ͕ϳϬϭ  Ͳ  ϯϱϬ͕ϬϬϬ  ϯϱϬ͕ϬϬϬ  ^
Z
E/dzWZ</DWZKs
D
Ed^ Ϯ͕ϳϲϯ͕ϵϯϵ  ϭ͕ϰϲϯ͕ϵϯϵ  ϭ͕ϯϬϬ͕ϬϬϬ  Ͳ  Ͳ  ^E<Z/DWZKs
D
Ed^ ϰϬϬ͕ϬϬϬ  Ͳ  ϰϬϬ͕ϬϬϬ  Ͳ  Ͳ  ^W
/>E

^Dh>d/Ͳ^WKZdWZ< ϲ͕ϬϬϬ͕ϬϬϬ  ϱ͕ϬϬϬ͕ϬϬϬ  ϭ͕ϬϬϬ͕ϬϬϬ  ϭ͕ϬϬϬ͕ϬϬϬ  ^W>^,W^  Ͳ Ϯ͕ϬϱϬ͕ϬϬϬ  Ϯ͕ϬϱϬ͕ϬϬϬ  Ͳ  Ͳ  ^WKZd^W>
y Ͳ ϭϬ͕ϬϬϬ͕ϬϬϬ  ϵ͕ϬϬϬ͕ϬϬϬ  ϭ͕ϬϬϬ͕ϬϬϬ  ϭ͕ϬϬϬ͕ϬϬϬ  ^hDD
Z>zWZ</DWZKs
D
Ed^ ϭ͕ϭϬϬ͕ϬϬϬ  Ͳ  ϭϬϬ͕ϬϬϬ  Ͳ  Ͳ  d,
Z
^
Zs
d>hE,WK/Ed
ϯ͕ϬϬϬ͕ϬϬϬ  Ͳ  Ϯ͕ϬϬϬ͕ϬϬϬ  ϭ͕ϬϬϬ͕ϬϬϬ  ϭ͕ϬϬϬ͕ϬϬϬ  dh^Ez,/>>^WZ<Z
EKsd/KE ϯϬϬ͕ϬϬϬ  Ͳ  ϭϳϮ͕ϮϬϬ  ϭϮϳ͕ϴϬϬ  ϭϮϳ͕ϴϬϬ  dKd>WZ<WZK:
d^ ϵϮ͕ϵϭϮ͕ϱϵϳ  ϭϮ͕ϰϴϰ͕ϱϬϳ  ϲϵ͕ϵϵϯ͕ϲϬϬ  ϵ͕ϰϯϰ͕ϰϵϬ  ϵ͕ϰϯϰ͕ϰϵϬ  dKd>W/d>WZK:
d^ ϲϳϯ͕ϯϵϱ͕ϲϲϮ  Ϯϲ͕ϲϲϳ͕ϰϰϯ  ϱϲϳ͕ϱϱϳ͕ϯϱϵ  ϳϴ͕ϭϳϬ͕ϴϲϬ  ϳϴ͕ϭϳϬ͕ϴϲϬ  2 









 










 



 


 


 










!
 



"

#


$


%



$






 





&'

!





$(
 




#
&




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(



)
$








"

#



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(

*

$


$


$


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#






,
((








$
-

$


(
(

(




$*
(
&





($





(

 


#

$



$







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$

(
/ 0 
/  
%



*

$
$

&'
3  



 









 
 

















  



















 





























 





















 





  











    







TOTAL $10,000,000.00
 


 


  


4  



 
 

      




















        
 

















 




 















    
 






TOTAL $10,000,000.00





 


 


5 6













 










 



 


 


 










!"
 



#

$
%
&






&
&%


&
&


&&
'(
%


&%&







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&



& 



&


&*



+

,

&

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!

"
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.


/
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#

$





,



&
+

,,
,

&

 


&
&



'%
,

 

&
&


&*-
7  



 









 
 



















  






















 

















 









 






 






 





  











   







TOTAL $5,105,000.00
 


 


  




8  



 
 

      
 



 






  





!



!



!





  

 



 


 


 


 



 










 






 

 




 


















 





!




!




! 




" 

" 
!
 






TOTAL $5,105,000.00






 !

"


# $ %%

"


9 10


















 



 


 



 











 
 



!"

!
#














$
$


$
#%&$







'
'
'









!"


'

'
'

$
!
#




%&




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$








)'
!"






'*

+'









!



#'


!
#%
11  



 









 
 












 











 























 





















 





 










    







TOTAL $1,005,000.00
 






  
12  



 
 

      




        
 
 
 
 
 


 

















 


















    
 






TOTAL $1,005,000.00




 
13 14
15 





































 



 









 
 


















  























 

















































 





  











    







TOTAL $15,050,000.00
 


 






  







16  



 
 

      


 

















    

 

 

 

 

















 































 






TOTAL $15,050,000.00



 




17 18



















 



 


 



 












 

































 



 



















































19  



 







 
 































































 


















 













 






 








    





TOTAL $1,025,000.00
 


 





 



 





 

20  



 
 

     
 









  
 
 
 
 


 











 























 

 

 


 






TOTAL $1,025,000.00







21 22









 










 



 


 


 










!
 




"
#
 
$


%&

'$




'




(





$






















))
*








(

!






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$
)

*

*

,
)),

(
*





'


&

-


#
 

.



(
23  



 









 
 




































  
























 























 





















 





  












   
 







TOTAL $1,200,000.00
 


 


  







 

24  



 
 

      





 

 

















       

 

















 




 
















 







 






TOTAL $1,200,000.00










!!"" #



25 26




 












 



 


 



 











!
 



"


#


$

"$
















$
%

&

"

$
$'%


$
(%
"
%)*

$
$'%




$%&

%


$
'
"
"
%+
,

-

,)




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&

.
$








"
%'$*%*,



$
&


$




/



"




&

(%0

&


1 $
$
)*%



&
"



$

2&&



"
$


/
$
"
&&
&
"

%+

$
$'%
)
27  



 









 
 











































  























 


















 





















 





  

 










 











TOTAL $2,615,100.00
 


 


  






 



 
28  



 
 

      













    
 
 

 


 

















 






























 

 


 






TOTAL $2,615,100.00







29 30























 



 


 



 












 



!




"



#
$

!




$%




#$





#%
!
&!
'
$'%&
()!




%*#

#*&
!
#
#+

,-
!
#


#$$






!
%#

*
##()




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!








!


"




!
#$


$





&






!

&
$
!
#%&
#



%
!(
31  



 









 
 















































  














 















 

























 





  

 










 











TOTAL $3,845,000.00
 


 


  



!

 
"
#!!

 
32  



 
 

      




   
   





    
       

 





















 








   

















 




 






TOTAL $3,845,000.00




   



   !
"#
$$ % %
33 34















 







 





 















 













 



!


 "
!



#
$



$!

!%&






'


 
'(
)
!%&


*


+,

!%&

#


!'
'!




%
#!$




'+






!
!


$!




!

$!

'

 



%

%
!
!
'

"
!


'%
!+

'%
##

 





+-



'







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/!



'
 

'(







$


%



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!


!#

'




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!%&


!#
%&

%


"
!
$

,0,


$!

!


!#
1

' 
 

#

+
35  



 









 
 


















  






















 





















 





















 





  











   







TOTAL $2,650,000.00
 


 


  






36  



 
 

      





 









 










         

















 




 
















 





 






TOTAL $2,650,000.00








 



!""## 

 
37 38











 










 



 


 


 










!"
 



#

$


%
&





%








'

 





%

%




()







*

+,-

%





..
/

%
&

&



&



0



%
&


.


.






(

!






 1

&



1
%








#

$


'

%

&



%



%

'

&


 

%

 2

%

&

&




(
39  



 









 
 

















  


















 

















 





















 





  











   







TOTAL $1,710,000.00
 


 


  






40  



 
 

      
 




 







  
 
 
 
 
 




 

















 




 























 






TOTAL $1,710,000.00













41 42
 





  











 



 


 



 












 



!

"


#

!





$

%
!&#


!'(


)

 


*
+




*
,#





!

"
#$

-

$#./










&

!0
-

$#

 1
!








!

"

0



%$
#
%
2



+
43  



 






 

























 






    
 




 












 





  






 
 
 
 




TOTAL $5,012,000.00
 


 





  











! !"




44  



 
 

   


 

 


 

 


    

 



















 




  













 






TOTAL $5,012,000.00


  


 
 
45 46
 



 











 




 



 


 













 



 
!
"#
#!
$
%








"#
&&
#

#

$

#"'
#


&




( 




)"
 

*
'
+

,








#*


#*


"
(



 




-











 
!




"

$

#
'$.

&#


& 
(/
47  



 

 
 




















 



 





















 







 
   







TOTAL $965,000.00
 


 





 




 
48  



 
 

  





   
 

















 








 

 

 






TOTAL $965,000.00






49 50














 




 



 


 














 








 !"#
$

"%&%



%




"#
!
#
'
$(

"
$)
*

%

+#






!

"
#$

,- .-&

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#









""




*

"




*
51  



 

 
 





 





 













 



















TOTAL $460,000.00
 

 




52  



 
 

  
 



   
 











 





 




 
 

 






TOTAL $460,000.00







53 54
 











 




 



 


 














 






!
"


#
!$
%&
'(


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+

%,

-.
/!0
.
-&%.



%
)

,









(!1
&
%

&

-#




%







%
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55  



 

 
 




 
 









 













 





 
  








TOTAL $2,001,200.00
 





56  



 
 

  
  
   
 











 





  
 






 






TOTAL $2,001,200.00






57 58
 




 


 







 










 



 


 

 











!
 



"

#
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&


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'

%


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0
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59 


















































 
!












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#

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%
 



 



 
 


















  











 











 





















 





  






  
 
 







TOTAL $2,304,500.00
 


 


  








 
 
60  



 
 

   










    
 

















 


















   
 






TOTAL $2,304,500.00







61 62
 














 



 


 



 











 
 








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TOTAL $455,300.00
 


 


  


 



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64  



 
 

  





 

 








   
 

















 




 




 
 
 
 
 






TOTAL $455,300.00



 







65  





 



   

 










   
 


















 








    
 








TOTAL $30,000.00
 



 
66 













 



 


 



 











 
 








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