Agenda packet — Lake Elsinore City Council, July 25, 2023 (part 1 of 2)

City of Lake Elsinore
City Council Meeting
Agenda – Final

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:

July 25, 2023

Closed Session: 5:30 PM
Public Session: 7:00 PM

Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530

The City of Lake Elsinore appreciates your attendance. Citizens’ comments, input and interests provide the City Council with valuable information regarding issues of the community.

Meeting Information
Meetings are held on the 2 nd and 4 th Tuesday of every month, and the agenda is posted 72 hours prior to each meeting outside of City Hall. The agenda and related reports are also available on the City’s website at www.Lake-Elsinore.org. Meetings are conducted in person, televised live on Spectrum Cable Station Channel 29 and Frontier Cable Channel 31, and streamed online at http://www.lake-elsinore.org/city-government/city-council/webcast-videos.

If you are attending the meeting in person, please park in the parking lot across the street from the Cultural Center to assist us in limiting the impact of meetings on the Downtown Business District. Thank you for your cooperation.

Public Comments – Addressing the City Council
Any person wishing to address the City Council on items not included on the Agenda may do so during Public Comments for 1 minute at the beginning of the meeting or during Public Comments for 3 minutes at the end of the meeting. We respectfully ask those interested in addressing the City Council to either submit a request to speak online at http://www.lake- elsinore.org/city-government/agendas-and-minutes or complete and present a “Request to Speak” form to the City Clerk at the meeting. This Form is available on the table located inside the Council Chamber. Members of the public may also provide comments on Agenda items by noting the item on the “Request to Speak” form and will be called to address the City Council when the item is considered by the City Council during the meeting.

Written Communications
If you would like to submit written public comments, you may do so prior to the meeting either by entering them online at the link above or emailing them to the City Clerk at calvarez@lake- elsinore.org. Any written communications or additional documents distributed to the City Council within 72 hours of the meeting will also be made available to the public in accordance with Government Code Section 54957.5.

Accessibility Accommodations
In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the City Clerk’s Department at (951) 6743124 Ext. 269, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility

City Council Agenda - Final July 25, 2023

City of Lake Elsinore Page 2

Dream Extreme 2040 is the City’s FIRST long-term strategic plan to assist the City in its pursuit of achieving its vision. The plan is a living document that will be updated regularly and serve as the framework to guide all decision-making over the next 20 years by identifying key Anchors, Aspirations, and Strategies.

Our Vision is the City of Lake Elsinore will be the ultimate destination where all can live, work, play, build futures, and fulfill dreams.

The Anchors are the City of Lake Elsinore’s unique community assets and opportunities: The Lake, Downtown, and Action and Adventure.

• The Lake: Lake Elsinore is a vital community asset. Protecting, enhancing, and celebrating the Lake is critical to Lake Elsinore’s City and community health.

• Downtown: Enhancing and creating the highest quality downtown experience will serve to create a strong sense of place that will shape the City’s identity as a place where residents and visitors can live, work, and play.

• Action and Adventure: Lake Elsinore’s programs, facilities, and natural environment will define the City as a destination for action and adventure for both visitors and residents.

Our Aspirations are broad, long-term goals that encapsulate what we hope to achieve in Lake Elsinore’s future. The City has identified 4 key aspirations to work towards.

Items on the agenda that align with Aspirations from the Dream Extreme 2040 Plan are noted by the Aspiration’s icon to highlight City Council actions that help the City pursue its goals.

To read the plan and learn more about its implementation in the City, visit www.Lake-Elsinore.org/DreamExtreme2040.

City Council Agenda - Final July 25, 2023

City of Lake Elsinore Page 3

CALL TO ORDER

The regular meeting of the City Council will be called to order.

ROLL CALL

PUBLIC COMMENTS ON CLOSED SESSION ITEMS

CLOSED SESSION - 5:30 P.M.

A) CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION Significant Exposure to Litigation Pursuant to Paragraph (2) of Subdivision (d) of Gov’t Code Section 54956.9: 1 Potential Case

RECESS

The City Council will recess to Closed Session..

RECONVENE/CALL TO ORDER - 7:00 P.M.

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

PLEDGE OF ALLEGIANCE

MOMENT OF SILENCE

ROLL CALL

CLOSED SESSION REPORT

PRESENTATIONS/CEREMONIALS

1) CalFire 2023 Second Quarter Statistical Update

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

(Please read & complete a Request to Address the City Council/Successor Agency form prior to the start of the meeting and turn it in to the City Clerk/Clerk. The Mayor/Chair or City Clerk/Clerk will call on you to speak.)

CITY COUNCIL CONSENT CALENDAR

2) Minutes of the Regular City Council Meeting of July 11, 2023

Approve the Minutes.

3) CC Warrant Report Dated Jun 16, 2023, to Jun 22, 2023

Receive and File.

City Council Agenda - Final July 25, 2023

City of Lake Elsinore Page 4

4) CC Warrant Report Dated Jun 23, 2023, to Jun 29, 2023

Receive and File.

5) CC Investment Report for June 2023

Receive and file the Investment Report for June 2023.

6) Professional Services Agreement with Securitas Security Services USA, Inc. for Security Services at Launch Pointe RV Resort

Approve and authorize the City Manager to execute a Professional Services Agreement with Securitas Security Services USA, Inc. for Security Patrol Services at Launch Pointe RV Resort in the amount not to exceed $205,000 plus a 10% contingency for unforeseen additional security needs in such final form as approved by the City Attorney.

7) Professional Services Agreement with Hit Print, Inc. for Marketing and Web Support Services for Launch Pointe

Approve and authorize the City Manager to execute a Professional Services Agreement with Hit Print, Inc. in an amount not to exceed $30,000 for marketing and web support services for Launch Pointe in such final form as approved by the City Attorney.

8) Main Street Eats Food Event Street Closures - Downtown

Approve Road Closures for the Main Street Eats event to be held on Saturday, July 29, 2023.

9) Professional Services Agreement with Triple Crown Sports, Inc. (TC Sports) for Operational Services of Rosetta Canyon Sports Park

Approve and authorize the City Manager to execute a Professional Services Agreement with TC Sports, Inc. in an amount not to exceed $150,000.00 per year for management services, $62,400 for field maintenance, plus reimbursable for Rosetta Canyon Sports Park, in such final form as approved by the City Attorney.

10) Quitclaim and Grant Deeds for Interstate 15/Railroad Canyon Road Interchange Project

Authorize City Manager to execute grant deeds to the State of California Department of Transportation (Caltrans) for the Interstate 15/Railroad Canyon Road Interchange project and to execute certificates of acceptance for the quitclaim deeds from Riverside County Transportation Commission (RCTC) related to the Interstate 15/Railroad Canyon Road Interchange project.

11) Final Construction Change Order - Hillcrest Contracting Inc. for the Active Transportation Connections and Green Streets for Spring Street

Authorize the City Manager to execute the final construction contract change order for the Active Transportation Connections and Green Streets for Spring Street, in the amount of an additional $136,742.77, with Hillcrest Contracting Inc.

City Council Agenda - Final July 25, 2023

City of Lake Elsinore Page 5

12) Purchase of Real Property for Drainage Purposes (APN 378-030-027)

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

CALIFORNIA, APPROVING THE ACQUISITION OF ONE RIVERSIDE COUNTY TAX-

DEFAULTED PROPERTY FOR THE APPROXIMATE PURCHASE PRICE OF $57,000.00 PLUS ASSOCIATED ADMINISTRATIVE COSTS FOR ASSESSOR PARCEL NUMBER 378-030-027.

SUCCESSOR AGENCY CONSENT CALENDAR

13) SA Warrant Report Dated Jun 16, 2023, to Jun 22, 2023

Receive and File.

14) SA Warrant Report Dated Jun 23, 2023, to Jun 29, 2023

Receive and File.

15) SA Investment Report for June 2023

Receive and file the Investment Report for June 2023.

16) Minutes of the Regular Successor Agency Meeting of July 11, 2023

Approve the Minutes.

PUBLIC HEARING

17) Approve Placing Delinquent Nuisance Abatement Charges on the Tax Roll

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

CALIFORNIA, ORDERING CONFIRMATION OF THE SPECIAL ASSESSMENTS

AGAINST PARCELS OF LAND WITHIN THE PUBLIC NUISANCE ABATEMENT COSTS FOR THE FISCAL YEAR 2023-24.

CITY ATTORNEY COMMENTS

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES

CITY MANAGER COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

City Council Agenda - Final July 25, 2023

City of Lake Elsinore Page 6

ADJOURNMENT

The Lake Elsinore City Council will adjourn to the next Regular meeting of Tuesday, August 8, 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.

AFFIDAVIT OF POSTING

I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby affirm that a copy of the forgoing agenda was posted at City Hall at 5:00 p.m. on Thursday, July 20, 2023.

_________________________
Candice Alvarez, MMC
City Clerk

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Barbara Leibold, City Attorney
Date: July 25, 2023
Subject: CONFERENCE WITH LEGAL COUNSEL--ANTICIPATED LITIGATION Significant Exposure to Litigation Pursuant to Paragraph (2) of Subdivision (d) of Gov’t Code Section 54956.9: 1 Potential Case

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Jason Simpson, City Manager
Date: July 25, 2023
Subject: Calfire 2023 Second Quarter Statistical Update Community Development:

Applicant Name:

Recommendation
Background
Discussion
Fiscal Impact
Attachments

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor or Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: July 25, 2023
Subject: Minutes of the Regular City Council Meeting of July 11, 2023 Community Development:

Applicant Name:

Recommendation
Approve the Minutes.

Background
Discussion
Fiscal Impact
Attachments
Attachment 1- Draft Minutes

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: July 25, 2023
Subject: CC Warrant Report Dated Jun 16, 2023, to Jun 22, 2023 Recommendation
Receive and File.

Discussion
The Warrant Report lists all general checks issued since the prior Warrant Report.

Attachments
Attachment 1 - City Warrant Summary
Attachment 2 - City Warrant Listing
JUN 16, 2023 TO JUN 22, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 2,546,631.30$
105 MISC. GENERAL PROJECTS 28,211.50
110 GAS TAX 8,581.17
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 164,823.59 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 1,848.63 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 15,698.70 180 LAUNCH POINTE 138,196.50
205 TRAFFIC IMPACT FEE 2,892.00
300 INSURANCE SERVICES (12,269.51)
305 INFORMATION SYSTEMS SERVICE 105,152.20
310 SUPPORT SERVICE 349.07
315 FLEET SERVICE 20,503.58
320 FACILITIES SERVICE 24,411.28
330 CFD 2015-2S MAINTENANCE SERVICES 795.02
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 663.30
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 681.08
333 CFD 2015-4 TERRACINA IMPROVEMENT 681.08
334 CFD 2015-5 TRIESTE IMPROVEMENT 663.30
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 663.30
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 681.08
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 643.98
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 681.08
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 486.48
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 663.30
342 CFD 2007-5S RED KITE SERVICES 486.48
343 CFD 2006-2S VISCAYA SERVICES 486.48
344 CFD 2005-2S ALBERHILL RANCH SERVICES 486.48
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,344.38
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 681.08
350 CFD 98-1 SUMMERHILL IMPROVEMENT 681.08
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 663.30
354 CFD 90-2 TUSCANY HILLS IMPROVEMENT 1,848.70
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 486.48
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 875.67
358 CFD 2007-4S MAKENNA SERVICES 486.48
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 583.33 362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 486.48
366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 1,167.56 367 CFD 2006-1S SUMMERLY SERVICES 486.48
368 CFD 2006-2 VISCAYA IMPROVEMENT 486.48
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 681.08
Attachment 1 1 of 2
JUN 16, 2023 TO JUN 22, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 681.08
371 CFD 2005-1 SERENITY IMPROVEMENT 681.08
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 681.08
373 CFD 2005-5S WASSON CANYON SERVICES 486.48
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 243.24
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 243.24
376 CFD 2006-3 LA STRADA IMPROVEMENT 486.48
377 CFD 2006-6 TESSARA IMPROVEMENT 291.89
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 643.98
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 2,335.13
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 681.08
386 CFD 2007-4 MAKENNA IMPROVEMENT 643.98
387 CFD 2007-5 RED KITE IMPROVEMENT 643.98
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 1,751.34
392 CFD 95-1 CIVIC CENTER IMPROVEMENT 681.08
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 486.48
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 459.99
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 654.18
397 CFD 2019-1 WESTLAKE IMPROVEMENT 654.18
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 583.33 500 CAPITAL IMPROVEMENT PLAN 1,975,056.75
620 COST RECOVERY TRUST DEPOSITS 803.00
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 681.08
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 486.48 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 486.48
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 486.48 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 795.03
GRAND TOTAL 5,057,559.63$
Attachment 1 2 of 2
JUN 16, 2023 TO JUN 22, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23004204 ADAMS STREETER CIVIL ENGINEERS, INC. 32,599.00$ APA23004205 ALBERT WEBB & ASSOCIATES 4,778.50
APA23004206 ALLEGRA MARKETING PRINT MAIL 821.07
APA23004207 ALLIED TRAFFIC EQUIPMENT RENTAL 5,260.31
APA23004208 ANIMAL FRIENDS OF THE VALLEY 21,000.00
APA23004209 APPLE ONE 3,110.97
APA23004210 BANK OF AMERICA (2203) 1,245.61
APA23004211 BANK OF AMERICA (5628) 692.73
APA23004212 BANK OF AMERICA (9570) 941.52
APA23004213 BLACK TIE LAUNDRY 994.12
APA23004214 BLAIS & ASSOCIATES, INC. 28,211.50
APA23004215 BMW MOTORCYCLES OF TEMECULA - SO CAL 876.88 APA23004216 CDW GOVERNMENT, INC. 2,098.53
APA23004218 CHARLES ABBOTT ASSOCIATES, INC. 2,918.77
APA23004219 COMCATE SOFTWARE INC 10,433.87
APA23004220 CR&R, INC. 24,952.69
APA23004221 CR&R, INC. 574,640.90
APA23004222 CR&R, INC. 1,412.19
APA23004223 CR&R, INC. 4,282.95
APA23004224 CREATIVE INDUSTRIES MEDIA GROUP 418.00
APA23004225 DAVID EVANS AND ASSOCIATES, INC. 2,630.05
APA23004226 DE VRIES, DAVID 319.19
APA23004227 DISCOUNT HAULING & CLEANUP SERVICE 11,160.00 APA23004228 EVMWD 5,109.43
APA23004229 EXCEL LANDSCAPE, INC. 27,076.00
APA23004230 FIX AUTO LAKE ELSINORE 644.34
APA23004231 GREAT AMERICA FINANCIAL SERVICES 349.07
APA23004232 GRIFFITH COMPANY 253,281.88
APA23004233 GUFAROTTI, ADAM 244.15
APA23004234 HELLAS CONSTRUCTION, INC. 1,342,197.00
APA23004235 HILLCREST CONTRACTING, INC 79,853.58
APA23004236 HOWARD INDUSTRIES, INC. 422.89
APA23004237 HUNSAKER & ASSOCIATES IRVINE, INC. 3,708.63 APA23004238 JON'S FLAGS & POLES INC. 1,324.58
APA23004239 LAKE ELSINORE FORD 64.42
APA23004240 LIN CONSULTING, INC. 215.00
APA23004241 LIUNA LOCAL 777 720.00
APA23004242 LOR GEOTECHNICAL GROUP 10,781.20
APA23004243 LOWE'S 8,801.50
APA23004244 MAXIMUM SIGNS 522.00
APA23004245 MIG 2,580.00
APA23004246 MISSION SQUARE RETIREMENT 100.00
APA23004247 MISSION SQUARE RETIREMENT 7,108.86
APA23004248 MISSION SQUARE RETIREMENT 377.58
Attachment 2 1 OF 3
JUN 16, 2023 TO JUN 22, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23004249 PRATS, MABEL A. 2,650.00
APA23004250 PRECISION SURVEY SUPPLY, LLC 5,520.00
APA23004251 PRESS-ENTERPRISE, THE 2,153.49
APA23004252 PROFESSIONAL SPORTS FIELD MAINTENANCE, INC. 70,813.17 APA23004253 PRUDENTIAL OVERALL SUPPLY 448.96
APA23004254 RIGHTWAY SITE SERVICES, INC. 514.88
APA23004255 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,224,096.22 APA23004256 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 19,642.90 APA23004257 ROBBINS PEST MANAGEMENT, INC. 3,115.00
APA23004258 SAFETY-KLEEN SYSTEMS, INC. 412.43
APA23004259 SEE CLICK FIX 15,103.41
APA23004260 SOUTHERN CALIFORNIA EDISON CO. 270.85
APA23004262 STAUFFER LAWN EQUIPMENT 841.22
APA23004263 STK ARCHITECTURE, INC. 25,507.20
APA23004264 THE CENTRE FOR ORGANIZATION EFFECTIVENESS 8,750.00 APA23004265 THOMSON REUTERS - WEST PUBLISHING CORP. 475.45 APA23004266 T-MOBILE USA, INC. 300.00
APA23004267 TOM DODSON & ASSOCIATES 825.00
APA23004268 TOTAL CLEAN 13,850.00
APA23004269 TRB AND ASSOCIATES, INC. 25,092.01
APA23004270 TRENCH SHORING COMPANY 94.80
APA23004271 TUSCANY HILLS LANDSCAPE & REC. CO. 145,464.32 APA23004272 ULINE, INC. 8,152.41
APA23004273 UNITED CARPORTS, LLC 118,750.00
APA23004274 VERIZON WIRELESS (#13) 254.40
APA23004275 VULCAN MATERIALS COMPANY 864.49
APA23004276 WILLDAN 8,565.00
DFT230526 STATE DISBURSEMENT UNIT 438.46
DFT230527 INTERNAL REVENUE SERVICE 198.50
DFT230528 STATE DISBURSEMENT UNIT 134.30
DFT230529 EMPLOYMENT DEVELOPMENT DEPARTMENT 150.00
DFT230530 FRANCHISE TAX BOARD 700.00
DFT230531 RIVERSIDE COUNTY SHERIFF'S OFFICE 558.81
DFT230532 CALPERS 68,282.20
DFT230535 INTERNAL REVENUE SERVICE 125,124.52
DFT230536 FRANCHISE TAX BOARD 24,154.68
DFT230537 CALPERS 105.80
DFT230538 PAYCHEX OF NEW YORK, LLC 1,554.67
DFT230540 CALPERS 90,554.50
DFT230541 LEGAL SHIELD 104.65
DFT230542 TASC 3,970.34
PR06222023 NET PAYROLL 332,732.43
5615 AK SECURITY ALARM LLC 90,533.22
Attachment 2 2 OF 3
JUN 16, 2023 TO JUN 22, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
5616 AMAZON BUSINESS 1,584.46
5617 AREA 63 PRODUCTIONS 11,695.15
5618 AUTOMATED GATE SERVICES, INC 5,980.00
5619 BMW MOTORCYCLES OF RIVERSIDE 1,284.90
5620 BRINKS INCORPORATED 825.63
5621 BRINKS INCORPORATED 44.18
5622 CIVIC PLUS, INC. 27,801.89
5623 DOWNS ENERGY 5,829.36
5624 ENDRESEN DEVELOPMENT, INC. 420.88
5625 ENDRESEN DEVELOPMENT, INC. 440.38
5626 ENDRESEN DEVELOPMENT, INC. 394.11
5627 GOTO TECHNOLOGIES USA, INC. 3,179.77
5628 KPA SERVICES, LLC 1,991.48
5629 MILLENNIUM ALARM SYSTEMS, INC. 2,844.00
5630 REGIONAL FIRST AID, INC. 105.69
5631 SECURITAS SECURITY SERVICES USA, INC. 3,313.51
5632 SERVICE FIRST 12,376.00
5633 SPICER CONSULTING GROUP 44,315.84
5637 WEST COAST ARBORISTS, INC. 10,023.50
143415 CITY OF LAKE ELSINORE (5.75)
143485 CITY OF LAKE ELSINORE 2.00
143486 CITY OF LAKE ELSINORE 2.25
143487 CITY OF LAKE ELSINORE 1.75
143488 CITY OF LAKE ELSINORE 1.00
143489 CITY OF LAKE ELSINORE 1.50
GRAND TOTAL 5,057,559.63$
Attachment 2 3 OF 3

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: July 25, 2023
Subject: CC Warrant Report Dated Jun 23, 2023, to Jun 29, 2023 Recommendation
Receive and File.

Discussion
The Warrant Report lists all general checks issued since the prior Warrant Report.

Attachments
Attachment 1 - City Warrant Summary
Attachment 2 - City Warrant Listing
JUN 23, 2023 TO JUN 29, 2023 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,490,589.98$
103 THE ANCHOR 2,411.06
110 GAS TAX 19,160.66
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 42,634.97 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 17,763.77 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 3,890.36 180 LAUNCH POINTE 64,651.57
305 INFORMATION SYSTEMS SERVICE 21,155.64
310 SUPPORT SERVICE 29.38
315 FLEET SERVICE 13,585.41
320 FACILITIES SERVICE 8,350.48
500 CAPITAL IMPROVEMENT PLAN 256,500.85
620 COST RECOVERY TRUST DEPOSITS 4,082.50
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 1,616.34
GRAND TOTAL 1,946,422.97$
Attachment 1 1 of 1
JUN 23, 2023 TO JUN 29, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
5638 AK SECURITY ALARM LLC 19,431.78$
5639 AMERICAN MATERIAL COMPANY 377.84
5640 CM WASH EQUIPMENT 1,099.39
5641 DOWNS ENERGY 6,678.80
5643 GMS ELEVATOR SERVICES, INC. 330.00
5644 HDR ENGINEERING, INC. 16,259.24
5645 HDR ENGINEERING, INC. 15,345.93
5646 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 7,000.00
5647 LYNN MERRILL AND ASSOCIATES, INC. 3,612.81
5648 RIVERSIDE COUNTY FIRE DEPARTMENT 1,316,560.84
5649 SERVICE FIRST 12,376.00
5650 SMER RESEARCH 1, LLC 13,829.84
5651 SOCAL BOAT AND TRAILER, INC. 1,286.15
5652 SOMMER ENGINEERING, INC. 37,275.41
5653 WKE, INC. 9,925.96
5654 YUNEX, LLC 26,913.46
143485 CITY OF LAKE ELSINORE (2.00)
143486 CITY OF LAKE ELSINORE (2.25)
143487 CITY OF LAKE ELSINORE (1.75)
143488 CITY OF LAKE ELSINORE (1.00)
143489 CITY OF LAKE ELSINORE (1.50)
143490 FAIRYTALE CHARACTER PARTIES 774.00
DFT230516 FRONTIER CALIFORNIA - INTERNET 663.73
DFT230521 FRONTIER CALIFORNIA - INTERNET 473.13
DFT230533 LIUNA NATIONAL (INDUSTRIAL) PENSION FUND 800.80 DFT230534 NATIONWIDE TRUST COMPANY, FSB 1,139.62
DFT230544 EIP III CREDIT CO., LLC 119,000.00
APA23004277 ACTION GAS & WELDING SUPPLY 86.67
APA23004278 ADVANCED HEATING AND AIR CONDITIONING 575.00 APA23004279 AIR EXCHANGE, INC. 2,966.71
APA23004281 AMERICAN FORENSIC NURSES, INC. 267.40
APA23004282 ANDRADE, JUAN 1,419.08
APA23004283 APPLE ONE 2,662.66
APA23004284 ARDURRA GROUP, INC. 1,440.00
APA23004285 BIO-TOX LABORATORIES 3,105.23
APA23004286 BLACK TIE LAUNDRY 1,087.36
APA23004287 CDW GOVERNMENT, INC. 305.14
APA23004288 CINTAS CORPORATION NO. 2 608.03
APA23004289 CITY CLERKS ASSOCIATION OF CALIFORNIA 575.00 APA23004290 CNTY OF RIVERSIDE TECHNICAL SVCS BUREAU-ACCTNG 123,507.00 APA23004291 CRIME SCENE STERI-CLEAN, LLC 850.00
APA23004292 DAVID EVANS AND ASSOCIATES, INC. 9,128.52
APA23004293 EVMWD 35,385.93
APA23004294 FCG CONSULTANTS, INC. 34,456.07
Attachment 2 1 OF 2
JUN 23, 2023 TO JUN 29, 2023 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23004295 FEDERAL EXPRESS CORPORATION 29.38
APA23004296 FRONTIER CALIFORNIA - INTERNET 281.86
APA23004297 FRONTIER CALIFORNIA, INC. 62.15
APA23004298 HDL HINDERLITER, DE LLAMAS & ASSOCIATES 600.00 APA23004299 HEMET FENCE CORP 19,000.00
APA23004300 O'REILLY AUTO STORES INC/FIRST CALL 756.74
APA23004301 PRUDENTIAL OVERALL SUPPLY 449.68
APA23004302 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 50.00 APA23004303 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 50.00 APA23004304 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 50.00 APA23004305 RIVERSIDE UNIVERSITY HEALTH SYSTEM 800.00
APA23004306 ROBBINS PEST MANAGEMENT, INC. 1,350.00
APA23004307 SHADEMAKER 8,485.82
APA23004308 SHRED-IT USA, LLC 84.00
APA23004309 SONSRAY MACHINERY, LLC 4,418.66
APA23004310 SOUTHERN CALIFORNIA EDISON CO. 69,849.49
APA23004311 STC TRAFFIC, INC. 3,740.00
APA23004312 STENO SOLUTIONS TRANSCRIPTION SERVICES, INC, 151.92 APA23004313 STEVE'S TOWING 924.00
APA23004314 TALALY TENNIS 111.75
APA23004315 TEAM AUTOAID, INC. 207.15
APA23004316 TOM DODSON & ASSOCIATES 3,932.50
APA23004319 WALMART COMMUNITY 21.94
APA23004320 WAXIE SANITARY SUPPLY 1,443.90
GRAND TOTAL 1,946,422.97$
Attachment 2 2 OF 2

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: July 25, 2023
Subject: CC Investment Report for June 2023
Recommendation
Receive and file the Investment Report for June 2023.

Discussion
The Investment Report is a listing of all funds invested for the City as of the date shown on the report.

Fiscal Impact
No fiscal impact
Attachments
Attachment 1- Investment Report for June 2023

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:

General Checking Account 6,568,738 $ 178,117 $ (208,923) $ 6,537,932 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 6,568,738 178,117 (208,923) 6,540,232

INVESTMENTS
Local Agency Investment Funds 73,059,580 - - 73,059,580 CAMP Investments:

CAMP Pool Account 99,539 - - 99,539 U.S. Treasury Bond / Note 25,664,513 - - 25,664,513 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 1,948,172 - - 1,948,172 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 3,993,714 - - 3,993,714 Sub-total Investments 124,918,043 - - 124,918,043 Market Value Adjustment:

Unrealized Gain/(Loss) at 03/31/2023 (2,162,400) - - (2,162,400) Total Investments 122,755,644 - - 122,755,644 Total Pooled Cash and Investments 129,324,382 $ 178,117 $ (208,923) $ 129,295,875 $ TOTAL POOLED CASH AND INVESTMENTS 129,295,875$
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 July 13, 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 June 30, 2023

FUND NO FUND NAME AMOUNT
100 General 20,039,767 $
102 Measure Z 20,647,062
104 Traffic Offender 9,625
105 Misc. General Project 83,375
106 Affordable Housing In Lieu 643,753
107 Developer Agreement Revenue 60,217
108 American Rescue Plan 9,395,048
109 Road Maintenance and R ehabilitation (SB1) 88,509
110 State Gas Tax 1,306,091
112 Measure A 1,499,745
114 SB1186 CASP Educat ion Program 55,709
115 Traffic Safety 65,893
116 City Hall-Public Works DIF 935
117 Community Center DIF 161,104
118 Lake Side Facility DIF 271,769
119 Animal Shelter DIF 28,565
135 Lighting & Landscape Maintenance - Dist. No. 1 1,162,571 140 Geothermal 11,723
160 PEG Grant 80,853
180 Launch Pointe 1,097,078
202 La Strada RBBD 23,908
203 E.L.S.P. - S.T.I.F. 3,371,464
205 Traffic Impact Fee 203,141
211 Storm Drain C.I.P. 3,096,293
221 Quimby Park C.I.P. 88,071
231 Library C.I.P. 1,325,638
232 City Fire Protection 578,022
300 Insurance Service 712,065
305 Information Systems Service 2,679,108
310 Support Service 22,476
315 Fleet Service 445,165
320 Facilities Service 2,203,905
331 CFD 2006-1CC Summerly Improvement Area CC 95,671
332 CFD 2006-1 Improvement Area B, Summerly 102,702
334 CFD 2015-5 Trieste - Far West Industries 76,814
335 CFD 2003-2E Canyon Hills Improvement Area E 92,428
336 CFD 2006-1FF Summerly Improvement Area FF 111,361
337 CFD 2016-2 Canyon Hills 706,160
338 CFD 2006-1 IA-JJ Summerly Improvement Area 165,976
339 CFD 2006-1 IA-KK Summerly Improvement Area 154,391
340 CFD 2006-1 IA-EE Summerly Improvement Area 156,306
345 CFD 2003-2 Improvement Area D, Canyon Hills 849,817 346 CFD 2014-1 Southshore 68,141
347 CFD 2006-1 Improvement Area A, Summerly 154,299
350 CFD 98-1 Summerhill 852,772
351 CFD 2006-1 IA-II Summe rly Improvement 162,527
354 CFD 90-2 Tuscany Hills 1,076,640
355 RAD 2021-1 Canyon Hills Improvement 835,112
357 CFD 2003-2 Canyon Hills Improvement Area 470,975
361 CFD 2022-2 Lakeshore Improvement 10,289

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 June 30, 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 June 30, 2023
362 CFD 2006-8S Running Deer Estates Services 24,355
363 CFD 2022-3 Lakeside 6,667
364 CFD 2023-2 Coastal Mission Trail Improvement 40,000 366 CFD 2005-6 City Center Townhomes 153,146
368 CFD 2006-2 Viscaya 311,343
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 1,187,777 370 CFD 2006-1 IA-HH Summerly Improvement 159,552
371 CFD 2005-1 Serenity 473,119
372 CFD 2005-2 Alberhill Ranch Improvement Area 1,104,378 374 CFD 2005-4 Lakeview Villas 1,048
375 CFD 2006-4 Clurman 3,202
376 CFD 2006-3 La Strada 2
377 CFD 2006-6 Tessara 95,886
378 CFD 2006-8 Running Deer Estates 4,085
384 CFD 2003-2 Area B Canyon Hills Improvement Area 947,868 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 1,097,208 386 CFD 2007-4 Mekenna Court 77,477
387 CFD 2007-5 Red Kite 72,812
388 CFD 2007-6 Holiday Inn Express 363
390 CFD 2003-2 Area C Canyon Hills Improvement Area 472,274 392 CFD 95-1 City Center 100,993
394 CFD 2005-5 (2012A) Wasson Canyon 196,309
395 CFD 2018-1 Wasson Canyon II Improvement Area 1,598
396 CFD 2018-2 Nichols Ranch Improvement Area 276
397 CFD 2018-3 Village at Lakeshore 159,167
500 Capital Improvement Plan 3,287,758
510 Successor To RDA Area I, II, & III 4,766,673
540 Successor To RDA Diamond Stadium 549,249
603 Endowment Trust - Carl Graves 59,273
604 Endowment Trust - Korn Memorial 33,685
605 Public Improvement Trust 1,675,842
606 Mobile Source Air Polution Reduction 281,243
608 Trust Deposit & Pre Paid Expense 1,565,373
617 Successor Agency Housing 25,934,872
620 Cost Recovery System 5,970,161
631 Lake Destratification Equipment Replacement 505,028 653 CFD 2009-1 Parks & Lighting Service 355,042
655 CFD 2015-1s Law, Fire, Paramedic Services 19,742
Total Pooled Cash & Investments 129,295,875$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.08% 99,539 $
U.S. Treasury Bond / Note Unlimited 20.55% 25,664,513 $ Supra-National Agency Bond / Note 30% 0.91% 1,133,455 $ Municipal Bond / Note Unlimited 1.23% 1,536,023 $
Federal Agency Collaterized Mortgage Obligation 40% 1.56% 1,948,17 2$ Federal Agency Bond / Note Unlimited 4.01% (1) 5,011,578$ Corporate Note 30% 9.26% 11,571,470 $
Negotiable Certificates of Deposit 30% 0.72% 900,000 $
Asset-Backed Security / Collaterized Mortgage 20% 3.20% 3,993,714 $ LAIF (Local Agency Investment Funds) $150 Million 58.49% (2) 73,059,580$ TOTAL 100.00% 124,918 ,043$
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 June 30, 2023

Local Agency Investment Fund

June 3.167
May 2.993
April 2.870
March 2.831
February 2.624
January 2.425
PMIA Average Life(1): 275
LAIF Fair Value Factor(1): 0.986510329
PMIA Daily(1): 2.87
PMIA Quarter to Date(1): 2.63
LAIF Apportionment Rate(2): 2.74
LAIF Earnings Ratio(2): 0.00007493902135155
LAIF Administrative Cost(1)*: 0.34
Treasuries

64.47%
Agencies

20.37%
Certificates of
Deposit/Bank Notes

6.96%
Time
Deposits

2.89%
Commercial
Paper

4.87%
Corporate
Bonds

0.25%
Loans

0.19%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) and interest earned on the Wildfire Fund loan pursuant to Public Utility Code 3288 (a). *The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.

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 07/05/23
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/23
Chart does not include $2,938,000.00 in mortgages, which equates to 0.002%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
05/31/23
$179.6 billion

Yield Purchase Date Maturity Rate

3.167% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 60,059,580$ 13,000,000 $ 73,059,580 $ 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 June 30, 2023
CAMP
Investment Portfolio

For the Month Ending June 30, 2023Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
19,445.64
2,116,482.59
(2,036,389.45)

0.00 $99,538.78
CAMP Pool
Unsettled Trades 0.00
273.70 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
50,471,000.19
2,023,709.88
(2,065,487.30)
(379,784.21)
$50,049,438.56
CAMP Managed Account
Unsettled Trades 0.00
10,019.50 Cash Dividends and Income
June 30, 2023 May 31, 2023
Asset Summary
CAMP Pool 99,538.78 19,445.64
CAMP Managed Account 50,049,438.56 50,471,000.19
$50,148,977.34 $50,490,445.83 Total
Asset Allocation

0.20%
CAMP Pool

99.80%
CAMP Managed
Account

Page 1 ends

For the Month Ending June 30, 2023Managed Account Summary Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$19,445.64
2,116,482.59
(2,036,389.45)
$99,538.78
273.70
$50,471,000.19
(78,435.54)
(1,987,051.76)
2,023,709.88

0.00 (379,784.21)
$50,049,438.56
$50,490,445.83
$50,148,977.34
50,721.59
(8,491.30)
(32,210.79)
$10,019.50

0.00 1,993,054.00
44,719.35
78,435.54
(2,032,201.18)
(84,007.71)

0.00 Managed Account Total
51,922,252.76 52,021,791.54
224,627.01
1,993,054.00
78,435.54
44,719.35
(2,032,201.18)
(51,977,203.83)
(183,338.84)

0.00 224,627.01
4,029,443.45
78,435.54
44,719.35
(4,148,683.77)
(51,996,649.47)
(183,338.84)
273.70
Total Accrual Basis Earnings $70,344.81 $70,618.51
Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
$0.00 Closing Cash Balance

Page 2 ends

For the Month Ending June 30, 2023
Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 27,125,000.00 25,080,027.35 50.01 Supra-National Agency Bond / Note 1,135,000.00 1,088,421.68 2.17 Municipal Bond / Note 1,535,000.00 1,439,911.25 2.87 Federal Agency Commercial
Mortgage-Backed Security
2,005,000.00 1,901,240.98 3.79
Federal Agency Bond / Note 5,025,000.00 4,731,554.96 9.43 Corporate Note 11,565,000.00 10,996,344.90 21.93
Certificate of Deposit 900,000.00 895,777.34 1.79
Asset-Backed Security 3,994,229.88 3,916,160.10 7.81 Managed Account Sub-Total 53,284,229.88 50,049,438.56 99.80% Accrued Interest 224,627.01
Total Portfolio 53,284,229.88 50,274,065.57
CAMP Pool 99,538.78 99,538.78 0.20
Total Investments 53,383,768.66 50,373,604.35 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

7.81%ABS

1.79%
Cert of Deposit

21.93%
Corporate Note

9.43%
Fed Agy Bond /
Note

3.79%
Federal Agency
Commercial
Mortgage-Backed
Security

0.20%
Joint Powers
Authority

2.87%
Muni Bond / Note

2.17%
Supra-National
Agency Bond / Note50.01%
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

5.21%

8.58%

11.50%

18.92%

43.08%

12.71%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1002

2.91%

4.76%

Page 3 ends

For the Month Ending June 30, 2023
Managed Account Issuer Summary

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

3.31%
A

2.37%
A+

7.51%
A-

3.70%
AA

64.93%
AA+

3.63%
AA-

10.45%
AAA

0.20%
AAAm

1.91%
BBB+

1.99%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
219,933.90 0.44 ABBOTT LABORATORIES
438,335.70 0.87 AMAZON.COM INC
537,732.35 1.07 AMERICAN EXPRESS CO
387,818.00 0.77 AMERICAN HONDA FINANCE
727,032.15 1.45 APPLE INC
596,847.43 1.19 BANK OF AMERICA CO
443,520.33 0.88 BERKSHIRE HATHAWAY INC
222,079.17 0.44 BMW FINANCIAL SERVICES NA LLC
364,047.75 0.73 BRISTOL-MYERS SQUIBB CO
77,533.60 0.15 CALIFORNIA STATE UNIVERSITY
99,538.78 0.20 CAMP Pool
724,461.16 1.44 CAPITAL ONE FINANCIAL CORP
275,189.41 0.55 CARMAX AUTO OWNER TRUST
203,145.08 0.41 CATERPILLAR INC
96,663.00 0.19 CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 377,541.80 0.75 CHARLES SCHWAB
62,752.17 0.13 CINTAS CORPORATION NO. 2
216,426.60 0.43 CITIGROUP INC
94,533.80 0.19 DEERE & COMPANY
844,943.83 1.68 DISCOVER FINANCIAL SERVICES
1,548,718.98 3.09 FANNIE MAE
459,509.25 0.92 FEDERAL HOME LOAN BANKS
287,224.30 0.57 FLORIDA STATE BOARD OF ADMIN FIN CORP 128,407.21 0.26 FORD CREDIT AUTO OWNER TRUST
4,624,567.71 9.22 FREDDIE MAC
218,419.43 0.44 GENERAL DYNAMICS CORP
352,793.17 0.70 GM FINANCIAL CONSUMER AUTOMOBILE TRUST 34,645.31 0.07 GM FINANCIAL LEASINGTRUST
392,475.20 0.78 GOLDMAN SACHS GROUP INC
168,592.93 0.34 HARLEY-DAVIDSON MOTORCYCLE TRUST
23,930.10 0.05 HOME DEPOT INC
96,140.85 0.19 HONDA AUTO RECEIVABLES

Page 4 ends

For the Month Ending June 30, 2023Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
120,150.11 0.24 HYUNDAI AUTO RECEIVABLES
219,920.40 0.44 IBM CORP
598,427.18 1.19 INTER-AMERICAN DEVELOPMENT BANK
489,994.50 0.98 INTL BANK OF RECONSTRUCTION AND DEV
465,253.01 0.93 JP MORGAN CHASE & CO
59,106.90 0.12 LOCKHEED MARTIN CORP
128,535.40 0.26 LOS ANGELES COMMUNITY COLLEGE DISTRICT 721,335.00 1.44 MICROSOFT CORP
394,123.60 0.79 MORGAN STANLEY
718,941.25 1.43 NATIONAL AUSTRALIA BANK LTD
373,547.45 0.74 NATIONAL RURAL UTILITIES CO FINANCE CORP 300,485.25 0.60 NEW YORK ST URBAN DEVELOPMENT CORP
353,538.39 0.70 NISSAN AUTO RECEIVABLES
446,081.40 0.89 NORDEA BANK ABP
165,232.73 0.33 PACCAR FINANCIAL CORP
395,134.00 0.79 PNC FINANCIAL SERVICES GROUP
389,790.69 0.78 Roche Holding AG
119,705.30 0.24 SAN JUAN UNIFIED SCHOOL DISTRICT
200,784.00 0.40 STATE OF CALIFORNIA
58,098.00 0.12 STATE OF CONNECTICUT
91,710.00 0.18 STATE OF MINNESOTA
36,601.04 0.07 TARGET CORP
85,101.41 0.17 TEXAS INSTRUMENTS INC
628,504.00 1.25 THE BANK OF NEW YORK MELLON CORPORATION 383,641.60 0.77 THE WALT DISNEY CORPORATION
449,695.94 0.90 TORONTO-DOMINION BANK
831,456.13 1.66 TOYOTA MOTOR CORP
25,080,027.35 50.00 UNITED STATES TREASURY
203,450.63 0.41 UNITEDHEALTH GROUP INC
79,172.40 0.16 UNIVERSITY OF CALIFORNIA
215,931.83 0.43 USAA CAPITAL CORP
$50,148,977.34 Total 100.00%

Page 5 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
2,825,234.52 2,837,571.57 10,584.60 2,789,437.50 01/17/2301/13/23AaaAA+ 2,900,000.00 91282CDV0 4.68

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
380,250.00 409,405.51 19.02 427,531.25 08/07/2008/05/20AaaAA+ 400,000.00 912828YY0 0.18

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
136,992.18 148,628.60 1.02 147,093.75 04/05/2104/01/21AaaAA+ 150,000.00 912828ZW3 0.72

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
135,210.93 148,355.43 1.53 147,052.73 07/07/2107/01/21AaaAA+ 150,000.00 91282CBC4 0.82

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
315,492.17 347,183.14 3.57 344,859.38 06/07/2106/02/21AaaAA+ 350,000.00 91282CBC4 0.70

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
360,562.48 392,599.89 4.08 387,968.75 12/06/2112/02/21AaaAA+ 400,000.00 91282CBC4 1.13

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
405,632.79 447,823.20 4.59 446,167.97 08/05/2108/03/21AaaAA+ 450,000.00 91282CBC4 0.57

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
585,914.03 639,313.76 6.62 632,251.95 11/04/2111/02/21AaaAA+ 650,000.00 91282CBC4 1.05

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
743,660.12 818,757.62 8.41 814,236.33 09/07/2109/01/21AaaAA+ 825,000.00 91282CBC4 0.68

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
67,546.88 72,615.61 94.77 71,458.01 02/14/2202/10/22AaaAA+ 75,000.00 91282CBW0 1.92

US TREASURY N/B NOTES
DTD 04/30/2021 0.750% 04/30/2026
855,593.75 934,797.74 1,200.41 926,843.75 01/06/2201/04/22AaaAA+ 950,000.00 91282CBW0 1.33

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
178,187.50 183,400.84 521.41 179,007.81 09/06/2209/01/22AaaAA+ 200,000.00 91282CCP4 3.53

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
222,734.38 232,724.48 651.76 226,250.00 05/05/2205/03/22AaaAA+ 250,000.00 91282CCP4 3.03

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
668,203.12 703,993.01 1,955.28 690,468.75 08/04/2208/01/22AaaAA+ 750,000.00 91282CCP4 2.74

Page 6 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
712,750.00 748,665.14 2,085.64 732,343.75 07/08/2207/05/22AaaAA+ 800,000.00 91282CCP4 2.84

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
801,843.75 839,863.85 2,346.34 819,035.16 06/06/2206/02/22AaaAA+ 900,000.00 91282CCP4 2.94

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
801,843.75 837,363.33 2,346.34 819,562.50 08/15/2208/08/22AaaAA+ 900,000.00 91282CCP4 3.04

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
231,250.00 231,693.07 638.59 228,144.53 11/04/2211/01/22AaaAA+ 250,000.00 912828U24 4.39

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
901,875.00 915,575.15 2,490.49 907,092.77 01/06/2301/04/23AaaAA+ 975,000.00 912828U24 3.96

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
1,942,500.00 1,974,957.53 5,364.13 1,954,066.41 12/07/2212/05/22AaaAA+ 2,100,000.00 912828U24 3.92

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
8,787,500.00 8,990,728.78 24,266.30 8,922,578.13 01/17/2301/13/23AaaAA+ 9,500,000.00 912828U24 3.72

US TREASURY N/B NOTES
DTD 04/30/2022 2.750% 04/30/2027
1,133,625.00 1,159,686.63 5,559.78 1,155,421.88 02/03/2301/31/23AaaAA+ 1,200,000.00 91282CEN7 3.70

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
353,554.69 362,795.66 4,301.62 362,329.10 05/05/2305/01/23AaaAA+ 375,000.00 91282CFB2 3.62

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
754,250.00 750,421.70 9,176.80 746,531.25 03/06/2303/02/23AaaAA+ 800,000.00 91282CFB2 4.44

US TREASURY N/B NOTES
DTD 07/31/2022 2.750% 07/31/2027
777,820.31 787,409.59 9,463.57 786,779.30 06/06/2306/02/23AaaAA+ 825,000.00 91282CFB2 3.97 83,096.67 25,080,027.35 25,916,330.83 3.33 25,664,512.71 27,125,000.00 Security Type Sub-Total Supra-National Agency Bond / Note

INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
489,994.50 499,856.67 128.47 498,925.00 11/24/2011/17/20AaaAAA 500,000.00 459058JM6 0.32

INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
598,427.18 634,807.07 864.31 634,530.10 09/23/2109/15/21AaaAAA 635,000.00 4581X0DZ8 0.52

Page 7 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Supra-National Agency Bond / Note
992.78 1,088,421.68 1,134,663.74 0.43 1,133,455.10 1,135,000.00 Security Type Sub-Total Municipal Bond / Note

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
58,098.00 60,000.00 599.40 60,000.00 06/11/2005/29/20Aa3AA- 60,000.00 20772KJW0 2.00

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
96,663.00 100,000.00 875.42 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
300,485.25 325,000.00 832.54 325,000.00 12/23/2012/16/20NRNR 325,000.00 650036DT0 0.87

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
79,172.40 85,000.00 95.90 85,000.00 07/16/2007/10/20Aa2AA 85,000.00 91412HGE7 0.88

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
60,224.45 65,192.07 408.85 65,459.55 09/16/2009/03/20Aa3AA 65,000.00 341271AD6 1.11

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
78,755.05 85,235.54 534.65 85,563.55 09/16/2009/03/20Aa3AA 85,000.00 341271AD6 1.12

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
148,244.80 160,000.00 1,006.40 160,000.00 09/16/2009/03/20Aa3AA 160,000.00 341271AD6 1.26

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
91,710.00 100,000.00 262.50 100,000.00 08/25/2008/11/20AaaAAA 100,000.00 60412AVJ9 0.63

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
119,705.30 130,000.00 461.50 130,000.00 10/29/2010/16/20Aa2NR 130,000.00 798306WP7 0.85

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
128,535.40 140,000.00 450.92 140,000.00 11/10/2010/30/20AaaAA+ 140,000.00 54438CYK2 0.77

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
77,533.60 85,000.00 122.12 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
200,784.00 200,000.00 2,853.76 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85 8,503.96 1,439,911.25 1,535,427.61 1.59 1,536,023.10 1,535,000.00 Security Type Sub-Total

Page 8 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
241,662.97 253,753.90 637.92 262,382.81 03/25/2003/19/20AaaAA+ 250,000.00 3137BGK24 1.95 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
260,239.61 264,507.71 629.06 263,613.28 04/14/2304/11/23AaaAA+ 275,000.00 3137BNGT5 4.37 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
515,094.55 528,374.90 1,215.96 526,839.84 04/12/2304/06/23AaaAA+ 550,000.00 3137BSP72 4.02 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
362,853.07 368,656.73 1,059.88 368,303.13 05/24/2305/19/23AaaAA+ 380,000.00 3137BTUM1 4.31

FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
521,390.78 527,331.04 1,486.38 527,033.20 06/13/2306/08/23AaaAA+ 550,000.00 3137F1G44 4.44 5,029.20 1,901,240.98 1,942,624.28 3.97 1,948,172.26 2,005,000.00 Security Type Sub-Total Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
222,928.20 225,002.58 176.56 225,041.09 09/04/2009/02/20AaaAA+ 225,000.00 3137EAEW5 0.24

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
520,165.80 524,989.12 411.98 524,826.75 09/04/2009/02/20AaaAA+ 525,000.00 3137EAEW5 0.26

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
320,163.35 324,881.54 84.64 323,787.75 10/16/2010/14/20AaaAA+ 325,000.00 3137EAEY1 0.25

FREDDIE MAC NOTES
DTD 11/05/2020 0.250% 11/06/2023
343,944.30 349,963.21 133.68 349,685.00 11/05/2011/03/20AaaAA+ 350,000.00 3137EAEZ8 0.28

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
318,425.58 324,949.68 76.74 324,629.50 11/25/2011/23/20AaaAA+ 325,000.00 3135G06H1 0.29

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
293,526.60 299,957.69 56.25 299,703.00 12/04/2012/02/20AaaAA+ 300,000.00 3137EAFA2 0.28

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
323,222.55 349,378.50 374.31 348,264.00 04/16/2004/15/20AaaAA+ 350,000.00 3130AJHU6 0.60

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
323,704.15 349,738.72 419.27 349,279.00 04/24/2004/22/20AaaAA+ 350,000.00 3135G03U5 0.67

Page 9 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
387,795.08 424,128.57 708.33 422,883.50 07/23/2007/21/20AaaAA+ 425,000.00 3137EAEU9 0.48

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
318,219.65 349,294.15 459.38 348,362.00 08/27/2008/25/20AaaAA+ 350,000.00 3135G05X7 0.47

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
136,286.70 149,803.08 182.81 149,550.00 09/11/2009/10/20AaaAA+ 150,000.00 3130AK5E2 0.44

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
634,803.40 699,058.55 714.58 697,893.00 09/25/2009/23/20AaaAA+ 700,000.00 3137EAEX3 0.44

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
588,369.60 648,901.03 487.50 647,673.00 11/12/2011/09/20AaaAA+ 650,000.00 3135G06G3 0.57 4,286.03 4,731,554.96 5,020,046.42 0.41 5,011,577.59 5,025,000.00 Security Type Sub-Total Corporate Note

PNC BANK NA CORP NOTES (CALLABLE)
DTD 01/23/2019 3.500% 01/23/2024
395,134.00 400,281.26 6,144.44 402,848.00 02/15/1902/12/19A3A- 400,000.00 693475AV7 3.34

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
101,266.10 104,987.50 225.31 104,947.50 03/18/2103/16/21A2A- 105,000.00 808513BN4 0.77

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
201,586.35 209,938.49 189.58 209,775.30 04/26/2104/19/21A1A 210,000.00 06406RAS6 0.54

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
394,123.60 403,985.96 2,669.44 422,916.00 07/23/1907/19/19A1A- 400,000.00 61746BDQ6 2.59

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
387,818.00 399,602.98 106.67 398,016.00 07/15/1907/11/19A3A- 400,000.00 02665WCZ2 2.51

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
392,475.20 403,031.87 7,400.56 418,632.00 07/11/1907/08/19A2BBB+ 400,000.00 38141EC23 2.84

Page 10 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
66,367.49 69,997.65 202.71 69,993.70 08/12/2108/09/21A2A 70,000.00 05565EBU8 0.75

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
383,641.60 399,618.00 2,352.78 398,368.00 09/06/1909/03/19A2A- 400,000.00 254687FK7 1.84

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 09/10/2021 0.625% 09/10/2024
94,533.80 99,974.08 192.71 99,935.00 09/10/2109/07/21A2A 100,000.00 24422EVU0 0.65

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
165,232.73 177,963.50 1,268.75 182,894.25 10/29/2010/22/20A1A+ 175,000.00 69371RQ66 0.73

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
75,661.20 79,954.88 585.00 79,919.20 03/04/2203/01/22A2BBB+ 80,000.00 025816CQ0 2.29

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
389,790.69 410,000.00 2,695.20 410,000.00 03/10/2203/03/22Aa2AA 410,000.00 771196BT8 2.13

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
23,930.10 24,974.32 142.50 24,956.25 03/28/2203/24/22A2A 25,000.00 437076CM2 2.76

CITIGROUP INC CORP NOTES
DTD 04/27/2015 3.300% 04/27/2025
216,426.60 234,697.47 1,320.00 249,738.75 09/01/2008/28/20A3BBB+ 225,000.00 172967JP7 0.88 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
62,752.17 64,991.24 373.75 64,985.70 05/03/2204/26/22A3A- 65,000.00 17252MAP5 3.46

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
215,931.83 224,539.73 1,265.63 224,264.25 05/26/2205/23/22Aa1AA 225,000.00 90327QD89 3.49

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
218,419.43 235,563.28 1,006.25 252,247.50 10/20/2010/16/20A3A- 225,000.00 369550BG2 0.80

Page 11 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
299,329.38 315,000.00 216.30 315,000.00 06/01/2105/24/21A1A- 315,000.00 46647PCH7 0.82

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
438,335.70 474,910.29 295.56 474,767.25 06/05/2006/03/20A1AA 475,000.00 023135BQ8 0.81

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
241,470.75 250,000.00 534.72 250,000.00 06/09/2205/31/22Aa3AA- 250,000.00 63254ABD9 3.50

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
48,106.25 49,991.52 76.67 49,986.50 05/04/2204/27/22A2A- 50,000.00 63743HFE7 3.46

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
219,920.40 225,000.00 3,850.00 225,000.00 07/27/2207/20/22A3A- 225,000.00 459200KS9 4.00

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
218,097.68 238,459.82 3,632.81 256,918.50 08/20/2008/18/20A1A- 225,000.00 06051GFS3 0.93

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
219,933.90 238,645.86 2,567.19 257,845.50 09/28/2009/24/20Aa3AA- 225,000.00 002824BM1 0.86

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
210,101.40 225,000.00 239.06 225,000.00 12/06/2112/01/21A1A- 225,000.00 06051GKE8 1.53

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
165,923.63 175,000.00 1,602.05 175,000.00 02/24/2202/16/22A1A- 175,000.00 46647PCV6 2.60

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
203,450.63 224,774.60 330.63 224,608.50 05/19/2105/17/21A3A+ 225,000.00 91324PEC2 1.19

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
155,711.68 174,967.21 844.62 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26

Page 12 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
203,145.08 224,196.95 1,838.13 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
36,601.04 39,951.57 359.67 39,932.00 01/24/2201/19/22A2A 40,000.00 87612EBM7 1.99

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
426,917.65 474,245.55 4,192.53 473,945.50 01/28/2201/26/22A1A 475,000.00 06406RBA4 2.10

MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
721,335.00 724,033.99 9,968.75 721,942.50 03/17/2303/14/23AaaAAA 750,000.00 594918BY9 4.36

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
273,174.90 279,685.54 2,486.25 277,203.00 01/18/2301/13/23A2BBB+ 300,000.00 025816CS6 4.59

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
443,520.33 468,390.03 3,216.81 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
276,275.70 286,222.31 2,475.00 284,925.00 02/22/2302/17/23A2A- 300,000.00 808513BW4 4.66

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.905% 06/09/2027
477,470.50 489,519.45 1,193.19 488,325.00 01/18/2301/13/23Aa3AA- 500,000.00 63254ABE7 4.50

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
727,032.15 744,250.01 6,804.93 741,062.75 01/23/2301/19/23AaaAA+ 775,000.00 037833DB3 3.94

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 01/12/2023 4.625% 01/12/2028
371,703.00 376,181.87 8,141.93 376,282.50 02/10/2302/08/23A1A+ 375,000.00 89236TKQ7 4.55

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
325,441.20 330,671.40 4,760.00 329,189.00 02/22/2302/17/23A1A- 350,000.00 637432NP6 4.76

Page 13 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
85,101.41 86,990.61 1,477.11 87,043.40 05/18/2305/11/23Aa3A+ 85,000.00 882508BV5 4.04

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028
364,047.75 359,283.69 5,321.88 358,263.75 03/13/2303/09/23A2A+ 375,000.00 110122DE5 4.93

LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
59,106.90 59,894.20 267.00 59,892.00 05/25/2305/23/23A3A- 60,000.00 539830BZ1 4.49 94,834.07 10,996,344.90 11,479,368.68 2.81 11,571,470.30 11,565,000.00 Security Type Sub-Total Certificate of Deposit

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
449,695.94 450,000.00 17,010.00 450,000.00 10/31/2210/27/22A1A 450,000.00 89115B6K1 5.58

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
446,081.40 450,000.00 4,009.25 450,000.00 11/03/2211/02/22Aa3AA- 450,000.00 65558UYF3 5.53 21,019.25 895,777.34 900,000.00 5.56 900,000.00 900,000.00 Security Type Sub-Total Asset-Backed Security
GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
34,645.31 34,998.60 4.38 34,997.05 05/26/2105/18/21NRAAA 35,000.00 380144AD7 0.41 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
43,257.25 44,389.49 7.50 44,387.18 04/28/2104/20/21NRAAA 44,391.84 44933LAC7 0.38 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
216,074.21 222,477.99 32.63 222,476.22 06/23/2106/15/21AaaAAA 222,479.99 65480BAC1 0.33 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
217,617.52 224,595.55 25.95 224,584.37 06/14/2106/08/21NRAAA 224,608.57 89190GAC1 0.26

Page 14 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
96,140.85 99,987.02 24.44 99,978.92 11/24/2111/16/21AaaNR 100,000.00 43815GAC3 0.89 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
70,191.00 72,740.92 16.81 72,733.80 04/21/2104/13/21NRAAA 72,749.48 14314QAC8 0.52 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
76,892.86 79,988.58 26.31 79,982.14 11/17/2111/09/21NRAAA 80,000.00 44935FAD6 0.75 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
183,495.96 194,973.03 50.27 194,958.25 09/27/2109/20/21AaaAAA 195,000.00 254683CP8 0.58 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
81,344.85 84,998.58 24.08 84,997.83 10/21/2110/13/21AaaAAA 85,000.00 362554AC1 0.68 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
204,998.41 209,996.03 370.53 209,995.04 07/20/2207/12/22NRAAA 210,000.00 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
137,464.18 139,975.76 277.51 139,971.03 09/28/2209/20/22AaaAAA 140,000.00 65480JAC4 4.46 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
271,448.32 274,961.61 552.29 274,954.93 10/12/2210/04/22NRAAA 275,000.00 36265QAD8 4.82 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
242,135.61 244,999.89 504.16 244,999.88 01/30/2301/24/23NRAAA 245,000.00 891940AC2 4.63 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
243,184.53 244,966.67 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
168,592.93 169,984.13 381.56 169,982.88 02/23/2302/13/23AaaNR 170,000.00 41285JAD0 5.05 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
128,407.21 129,987.14 268.67 129,986.44 03/31/2303/28/23NRAAA 130,000.00 344928AD8 4.65 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
312,857.70 319,982.28 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
168,648.35 169,961.83 339.29 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79

Page 15 ends

For the Month Ending June 30, 2023Managed Account Detail of Securities Held

Page 16 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(12,337.05) 35,797.02 2,825,234.52 97.42 CITIGRP 2,900,000.00 91282CDV0US TREASURY N/B NOTES DTD 01/31/2022 0.875% 01/31/2024

5.41 0.58
(29,155.51)(47,281.25) 380,250.00 95.06 WELLS_F 400,000.00 912828YY0US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024

5.21 1.49
(11,636.42)(10,101.57) 136,992.18 91.33 GOLDMAN 150,000.00 912828ZW3US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025

4.85 2.00
(13,144.50)(11,841.80) 135,210.93 90.14 CITIGRP 150,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.59 2.49
(31,690.97)(29,367.21) 315,492.17 90.14 JPM_CHA 350,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.59 2.49
(32,037.41)(27,406.27) 360,562.48 90.14 CITIGRP 400,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.59 2.49
(42,190.41)(40,535.18) 405,632.79 90.14 JPM_CHA 450,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.59 2.49
(53,399.73)(46,337.92) 585,914.03 90.14 BNP_PAR 650,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.59 2.49
(75,097.50)(70,576.21) 743,660.12 90.14 CITIGRP 825,000.00 91282CBC4US TREASURY NOTES DTD 12/31/2020 0.375% 12/31/2025

4.59 2.49
(5,068.73)(3,911.13) 67,546.88 90.06 BMO 75,000.00 91282CBW0US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026

4.52 2.80
(79,203.99)(71,250.00) 855,593.75 90.06 CITIGRP 950,000.00 91282CBW0US TREASURY N/B NOTES DTD 04/30/2021 0.750% 04/30/2026

4.52 2.80
(5,213.34)(820.31) 178,187.50 89.09 BMO 200,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.45 3.05
(9,990.10)(3,515.62) 222,734.38 89.09 HSBC 250,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.45 3.05
(35,789.89)(22,265.63) 668,203.12 89.09 BMO 750,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.45 3.05
(35,915.14)(19,593.75) 712,750.00 89.09 HSBC 800,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.45 3.05
(38,020.10)(17,191.41) 801,843.75 89.09 MERRILL 900,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.45 3.05
(35,519.58)(17,718.75) 801,843.75 89.09 BMO 900,000.00 91282CCP4US TREASURY N/B NOTES DTD 07/31/2021 0.625% 07/31/2026

4.45 3.05

Page 17 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(443.07) 3,105.47 231,250.00 92.50 BMO 250,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.42 3.27
(13,700.15)(5,217.77) 901,875.00 92.50 BMO 975,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.42 3.27
(32,457.53)(11,566.41) 1,942,500.00 92.50 HSBC 2,100,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.42 3.27
(203,228.78)(135,078.13) 8,787,500.00 92.50 JPM_CHA 9,500,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.42 3.27
(26,061.63)(21,796.88) 1,133,625.00 94.47 BNP_PAR 1,200,000.00 91282CEN7US TREASURY N/B NOTES DTD 04/30/2022 2.750% 04/30/2027

4.33 3.64
(9,240.97)(8,774.41) 353,554.69 94.28 MORGAN_ 375,000.00 91282CFB2US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027

4.29 3.84
3,828.30 7,718.75 754,250.00 94.28 BMO 800,000.00 91282CFB2US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027

4.29 3.84
(9,589.28)(8,958.99) 777,820.31 94.28 HSBC 825,000.00 91282CFB2US TREASURY N/B NOTES DTD 07/31/2022 2.750% 07/31/2027

4.29 3.84
(584,485.36) 4.56 (836,303.48) 25,080,027.35 27,125,000.00 Security Type Sub-Total 2.87 Supra-National Agency Bond / Note
(9,862.17)(8,930.50) 489,994.50 98.00 TD 500,000.00 459058JM6INTL BK RECON & DEVELOP NOTES DTD 11/24/2020 0.250% 11/24/2023

5.36 0.40
(36,379.89)(36,102.92) 598,427.18 94.24 JPM_CHA 635,000.00 4581X0DZ8INTER-AMERICAN DEVEL BK NOTES DTD 09/23/2021 0.500% 09/23/2024

5.40 1.23
(45,033.42) 5.38 (46,242.06) 1,088,421.68 1,135,000.00 Security Type Sub-Total 0.86 Municipal Bond / Note
(1,902.00)(1,902.00) 58,098.00 96.83 SIEBERT 60,000.00 20772KJW0CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024

5.29 0.99
(3,337.00)(3,337.00) 96,663.00 96.66 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024

5.30 1.07
(24,514.75)(24,514.75) 300,485.25 92.46 WELLS_F 325,000.00 650036DT0NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025

5.56 1.69

Page 18 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Municipal Bond / Note
(5,827.60)(5,827.60) 79,172.40 93.14 04/15/25JPM_CHA 85,000.00 91412HGE7UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025

4.75 1.78
(4,967.62)(5,235.10) 60,224.45 92.65 MERRILL 65,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.17 1.97
(6,480.49)(6,808.50) 78,755.05 92.65 MERRILL 85,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.17 1.97
(11,755.20)(11,755.20) 148,244.80 92.65 MERRILL 160,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.17 1.97
(8,290.00)(8,290.00) 91,710.00 91.71 MORGAN_ 100,000.00 60412AVJ9MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025

4.86 2.07
(10,294.70)(10,294.70) 119,705.30 92.08 KEYBANC 130,000.00 798306WP7SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025

4.89 2.06
(11,464.60)(11,464.60) 128,535.40 91.81 MERRILL 140,000.00 54438CYK2LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025

4.95 2.07
(7,466.40)(7,466.40) 77,533.60 91.22 JPM_CHA 85,000.00 13077DQD7CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025

4.89 2.31
784.00 784.00 200,784.00 100.39 WELLS_F 200,000.00 13063D3N6CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027

4.73 3.36
(96,111.85) 5.10 (95,516.36) 1,439,911.25 1,535,000.00 Security Type Sub-Total 2.04 Federal Agency Commercial Mortgage-Backed Security
(12,090.93)(20,719.84) 241,662.97 96.67 CITIGRP 250,000.00 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024

5.51 1.35
(4,268.10)(3,373.67) 260,239.61 94.63 BAIRD 275,000.00 3137BNGT5FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026

5.03 2.31
(13,280.35)(11,745.29) 515,094.55 93.65 BREAN 550,000.00 3137BSP72FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026

4.87 2.93
(5,803.66)(5,450.06) 362,853.07 95.49 CITIGRP 380,000.00 3137BTUM1FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026

4.81 3.00
(5,940.26)(5,642.42) 521,390.78 94.80 CITIGRP 550,000.00 3137F1G44FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027

4.76 3.44
(46,931.28) 4.93 (41,383.30) 1,901,240.98 2,005,000.00 Security Type Sub-Total 2.80

Page 19 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Federal Agency Bond / Note
(2,074.38)(2,112.89) 222,928.20 99.08 NOMURA 225,000.00 3137EAEW5FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023

5.17 0.19
(4,823.32)(4,660.95) 520,165.80 99.08 WELLS_F 525,000.00 3137EAEW5FREDDIE MAC NOTES DTD 09/04/2020 0.250% 09/08/2023

5.17 0.19
(4,718.19)(3,624.40) 320,163.35 98.51 WELLS_F 325,000.00 3137EAEY1FREDDIE MAC NOTES DTD 10/16/2020 0.125% 10/16/2023

5.26 0.30
(6,018.91)(5,740.70) 343,944.30 98.27 CITIGRP 350,000.00 3137EAEZ8FREDDIE MAC NOTES DTD 11/05/2020 0.250% 11/06/2023

5.28 0.35
(6,524.10)(6,203.92) 318,425.58 97.98 NOMURA 325,000.00 3135G06H1FANNIE MAE NOTES DTD 11/25/2020 0.250% 11/27/2023

5.31 0.41
(6,431.09)(6,176.40) 293,526.60 97.84 CITIGRP 300,000.00 3137EAFA2FREDDIE MAC NOTES DTD 12/04/2020 0.250% 12/04/2023

5.41 0.43
(26,155.95)(25,041.45) 323,222.55 92.35 CITIGRP 350,000.00 3130AJHU6FEDERAL HOME LOAN BANK NOTES DTD 04/16/2020 0.500% 04/14/2025

5.02 1.78
(26,034.57)(25,574.85) 323,704.15 92.49 CITIGRP 350,000.00 3135G03U5FANNIE MAE NOTES DTD 04/24/2020 0.625% 04/22/2025

5.02 1.80
(36,333.49)(35,088.42) 387,795.08 91.25 WELLS_F 425,000.00 3137EAEU9FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025

4.90 2.05
(31,074.50)(30,142.35) 318,219.65 90.92 BARCLAY 350,000.00 3135G05X7FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025

4.87 2.14
(13,516.38)(13,263.30) 136,286.70 90.86 WELLS_F 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025

4.85 2.17
(64,255.15)(63,089.60) 634,803.40 90.69 CITIGRP 700,000.00 3137EAEX3FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025

4.83 2.22
(60,531.43)(59,303.40) 588,369.60 90.52 BARCLAY 650,000.00 3135G06G3FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025

4.81 2.34
(280,022.63) 5.05 (288,491.46) 4,731,554.96 5,025,000.00 Security Type Sub-Total 1.34 Corporate Note
(5,147.26)(7,714.00) 395,134.00 98.78 12/23/23CITIGRP 400,000.00 693475AV7PNC BANK NA CORP NOTES (CALLABLE) DTD 01/23/2019 3.500% 01/23/2024

5.72 0.47

Page 20 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(3,721.40)(3,681.40) 101,266.10 96.44 02/18/24CSFB 105,000.00 808513BN4CHARLES SCHWAB CORP NOTES (CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

5.89 0.63
(8,352.14)(8,188.95) 201,586.35 95.99 03/26/24JPM_CHA 210,000.00 06406RAS6BANK OF NY MELLON CORP NOTES (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

5.55 0.74
(9,862.36)(28,792.40) 394,123.60 98.53 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024

5.70 0.82
(11,784.98)(10,198.00) 387,818.00 96.95 WELLS_FA 400,000.00 02665WCZ2AMERICAN HONDA FINANCE CORP NOTE DTD 06/27/2019 2.400% 06/27/2024

5.60 0.99
(10,556.67)(26,156.80) 392,475.20 98.12 04/08/24SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC (CALLABLE) BONDS
DTD 07/08/2014 3.850% 07/08/2024

5.77 0.75
(3,630.16)(3,626.21) 66,367.49 94.81 GOLDMAN 70,000.00 05565EBU8BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024

5.61 1.11
(15,976.40)(14,726.40) 383,641.60 95.91 07/30/24JPM_CHAS 400,000.00 254687FK7WALT DISNEY COMPANY/THE (CALLABLE) DTD 09/06/2019 1.750% 08/30/2024

5.41 1.07
(5,440.28)(5,401.20) 94,533.80 94.53 HSBC 100,000.00 24422EVU0JOHN DEERE CAPITAL CORP CORPORATE NOTES
DTD 09/10/2021 0.625% 09/10/2024

5.41 1.19
(12,730.77)(17,661.52) 165,232.73 94.42 MERRILL 175,000.00 69371RQ66PACCAR FINANCIAL CORP CORPORATE NOTES
DTD 02/06/2020 1.800% 02/06/2025

5.49 1.57
(4,293.68)(4,258.00) 75,661.20 94.58 02/01/25BARCLAY 80,000.00 025816CQ0AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

5.68 1.55
(20,209.31)(20,209.31) 389,790.69 95.07 02/10/25DEUTSCH 410,000.00 771196BT8ROCHE HOLDINGS INC (CALLABLE)

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

5.21 1.58
(1,044.22)(1,026.15) 23,930.10 95.72 03/15/25MORGAN_ 25,000.00 437076CM2HOME DEPOT INC (CALLABLE) CORPORATE NOTE
DTD 03/28/2022 2.700% 04/15/2025

5.23 1.67
(18,270.87)(33,312.15) 216,426.60 96.19 MKTX 225,000.00 172967JP7CITIGROUP INC CORP NOTES DTD 04/27/2015 3.300% 04/27/2025

5.52 1.78

Page 21 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(2,239.07)(2,233.53) 62,752.17 96.54 04/01/25KEYBANC 65,000.00 17252MAP5CINTAS CORPORATION NO. 2 CORP NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025

5.45 1.71
(8,607.90)(8,332.42) 215,931.83 95.97 MERRILL 225,000.00 90327QD89USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025

5.72 1.79
(17,143.85)(33,828.07) 218,419.43 97.08 03/15/25JPM_CHA 225,000.00 369550BG2GENERAL DYNAMICS CORP (CALLABLE)

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

5.15 1.67
(15,670.62)(15,670.62) 299,329.38 95.03 06/01/24JPM_CHA 315,000.00 46647PCH7JPMORGAN CHASE & CO (CALLABLE) CORP NOTE
DTD 06/01/2021 0.824% 06/01/2025

3.53 0.92
(36,574.59)(36,431.55) 438,335.70 92.28 05/03/25GOLDMAN 475,000.00 023135BQ8AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025

5.06 1.83
(8,529.25)(8,529.25) 241,470.75 96.59 CITIGRP 250,000.00 63254ABD9NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025

5.37 1.89
(1,885.27)(1,880.25) 48,106.25 96.21 RBC 50,000.00 63743HFE7NATIONAL RURAL UTIL COOP CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025

5.52 1.91
(5,079.60)(5,079.60) 219,920.40 97.74 JPM_CHA 225,000.00 459200KS9IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025

5.16 1.98
(20,362.14)(38,820.82) 218,097.68 96.93 MERRILL 225,000.00 06051GFS3BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025

5.45 1.99
(18,711.96)(37,911.60) 219,933.90 97.75 06/15/25US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES CORPORATE

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

4.96 1.88
(14,898.60)(14,898.60) 210,101.40 93.38 12/06/24MERRILL 225,000.00 06051GKE8BANK OF AMERICA CORP NOTES (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

4.43 1.42
(9,076.37)(9,076.37) 165,923.63 94.81 02/24/25JPM_CHA 175,000.00 46647PCV6JPMORGAN CHASE & CO CORP NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

4.70 1.61

Page 22 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(21,323.97)(21,157.87) 203,450.63 90.42 04/15/26CITIGRP 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

4.75 2.75
(19,255.53)(19,235.82) 155,711.68 88.98 07/12/26MITSU 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE)

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

5.12 2.97
(21,051.87)(20,718.67) 203,145.08 90.29 JPM_CHA 225,000.00 14913R2U0CATERPILLAR FINL SERVICE CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027

4.73 3.40
(3,350.53)(3,330.96) 36,601.04 91.50 12/15/26CITIGRP 40,000.00 87612EBM7TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

4.58 3.32
(47,327.90)(47,027.85) 426,917.65 89.88 12/26/26DEUTSCH 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

5.19 3.34
(2,698.99)(607.50) 721,335.00 96.18 11/06/26GOLDMAN 750,000.00 594918BY9MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027

4.46 3.15
(6,510.64)(4,028.10) 273,174.90 91.06 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

5.25 3.41
(24,869.70)(22,568.67) 443,520.33 93.37 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY CORP NOTES (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

4.25 3.47
(9,946.61)(8,649.30) 276,275.70 92.09 01/01/27BARCLAY 300,000.00 808513BW4CHARLES SCHWAB CORP NOTES (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

5.67 3.30
(12,048.95)(10,854.50) 477,470.50 95.49 CBAA 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.905% 06/09/2027

5.18 3.68
(17,217.86)(14,030.60) 727,032.15 93.81 06/12/27TD 775,000.00 037833DB3APPLE INC (CALLABLE) BONDS DTD 09/12/2017 2.900% 09/12/2027

4.53 3.72
(4,478.87)(4,579.50) 371,703.00 99.12 WELLS_F 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP

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

4.84 4.05

Page 23 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(5,230.20)(3,747.80) 325,441.20 92.98 11/07/27MORGAN_ 350,000.00 637432NP6NATIONAL RURAL UTIL COOP CORP NOTES (CAL
DTD 02/07/2018 3.400% 02/07/2028

5.13 4.01
(1,889.20)(1,941.99) 85,101.41 100.12 01/15/28JPM_CHA 85,000.00 882508BV5TEXAS INSTRUMENTS INC CORP NOTE (CALLABL
DTD 11/18/2022 4.600% 02/15/2028

4.57 4.08
4,764.06 5,784.00 364,047.75 97.08 11/20/27MKTX 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL
DTD 07/15/2020 3.900% 02/20/2028

4.61 4.01
(787.30)(785.10) 59,106.90 98.51 04/15/28BARCLAY 60,000.00 539830BZ1LOCKHEED MARTIN CORP NOTES (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028

4.80 4.41
(575,125.40) 5.07 (483,023.78) 10,996,344.90 11,565,000.00 Security Type Sub-Total 2.36 Certificate of Deposit
(304.06)(304.06) 449,695.94 99.93 TD 450,000.00 89115B6K1TORONTO DOMINION BANK NY CERT DEPOS
DTD 10/31/2022 5.600% 10/27/2025

5.59 3.02
(3,918.60)(3,918.60) 446,081.40 99.13 WELLS_F 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025

5.93 2.21
(4,222.66) 5.76 (4,222.66) 895,777.34 900,000.00 Security Type Sub-Total 2.61 Asset-Backed Security
(353.29)(351.74) 34,645.31 98.99 SOCGEN 35,000.00 380144AD7GMALT 2021-2 A4 DTD 05/26/2021 0.410% 05/20/2025

0.95 0.23
(1,132.24)(1,129.93) 43,257.25 97.44 BARCLAY 44,391.84 44933LAC7HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025

1.56 0.50
(6,403.78)(6,402.01) 216,074.21 97.12 MITSU 222,479.99 65480BAC1NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025

1.61 0.61
(6,978.03)(6,966.85) 217,617.52 96.89 CITIGRP 224,608.57 89190GAC1TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025

1.59 0.61

Page 24 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
(3,846.17)(3,838.07) 96,140.85 96.14 MERRILL 100,000.00 43815GAC3HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026

2.44 0.84
(2,549.92)(2,542.80) 70,191.00 96.48 MERRILL 72,749.48 14314QAC8CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026

1.89 0.62
(3,095.72)(3,089.28) 76,892.86 96.12 SMBC 80,000.00 44935FAD6HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026

2.13 0.81
(11,477.07)(11,462.29) 183,495.96 94.10 CITIGRP 195,000.00 254683CP8DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026

2.50 1.18
(3,653.73)(3,652.98) 81,344.85 95.70 JPM_CHA 85,000.00 362554AC1GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026

2.07 0.87
(4,997.62)(4,996.63) 204,998.41 97.62 RBC 210,000.00 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.66 1.39
(2,511.58)(2,506.85) 137,464.18 98.19 WELLS_F 140,000.00 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.97 1.73
(3,513.29)(3,506.61) 271,448.32 98.71 RBC 275,000.00 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

5.17 1.75
(2,864.28)(2,864.27) 242,135.61 98.83 MERRILL 245,000.00 891940AC2TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027

4.94 1.88
(1,782.14)(1,777.03) 243,184.53 99.26 RBC 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027

5.14 2.12
(1,391.20)(1,389.95) 168,592.93 99.17 JPM_CHA 170,000.00 41285JAD0HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027

5.26 1.94
(1,579.93)(1,579.23) 128,407.21 98.77 BNP_PAR 130,000.00 344928AD8FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028

4.95 2.11
(7,124.58)(7,123.74) 312,857.70 97.77 RBC 320,000.00 254683CY9DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028

4.84 2.50
(1,313.48)(1,313.16) 168,648.35 99.20 MERRILL 170,000.00 05522RDG0BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028

4.97 2.63
(1,087.06)(1,086.90) 188,896.25 99.42 RBC 190,000.00 02582JJZ4AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028

5.00 2.63
(8,613.36)(8,611.01) 481,276.63 98.22 RBC 490,000.00 14041NGD7COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028

4.83 2.64
(1,362.63)(1,362.55) 348,590.17 99.60 MERRILL 350,000.00 254683CZ6DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028

5.02 2.70

Page 25 ends

For the Month Ending June 30, 2023Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
(77,553.88) 4.17 (77,631.10) 3,916,160.10 3,994,229.88 Security Type Sub-Total 1.85 53,284,229.88 50,049,438.56 (1,709,486.48) (1,872,814.20) 4.76 Managed Account Sub-Total 2.46 Joint Powers Authority

0.00 0.00 99,538.78 1.00 99,538.78 CAMP Pool 0.00
99,538.78 99,538.78 0.00 0.00 Liquid Sub-Total 0.00 Total Investments $50,373,604.35
$224,627.01
$50,148,977.34
Accrued Interest
Securities Sub-Total $53,383,768.66 ($1,709,486.48) ($1,872,814.20) 4.76% 2.46

Page 26 ends

For the Month Ending June 30, 2023Managed Account Security Transactions & Interest

INTEREST
06/01/23 JPMORGAN CHASE & CO (CALLABLE)

CORP NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 0.00 1,297.80 1,297.80 315,000.00 06/01/23 06/25/23 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 0.00 629.06 629.06 275,000.00 06/01/23
06/25/23 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 0.00 637.92 637.92 250,000.00 06/01/23
06/25/23 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 550,000.00 06/01/23 06/25/23 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,059.88 1,059.88 380,000.00 06/01/23 06/03/23 AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 0.00 1,900.00 1,900.00 475,000.00 06/03/23 06/04/23 FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 0.00 375.00 375.00 300,000.00 06/04/23
06/06/23 BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 0.00 1,721.25 1,721.25 225,000.00 06/06/23 06/09/23 NATIONAL AUSTRALIA BK/NY

CORPORATE NOTES
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 0.00 9,762.50 9,762.50 500,000.00 06/09/23

Page 27 ends

For the Month Ending June 30, 2023Managed Account Security Transactions & Interest

INTEREST
06/09/23 NATIONAL AUSTRALIA BK/NY

CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 0.00 4,375.00 4,375.00 250,000.00 06/09/23 06/15/23 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 694.75 694.75 210,000.00 06/15/23
06/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 0.00 33.86 33.86 78,133.52 06/15/23
06/15/23 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 0.00 52.53 52.53 242,459.20 06/15/23
06/15/23 NATIONAL RURAL UTIL COOP

CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 0.00 862.50 862.50 50,000.00 06/15/23
06/15/23 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 945.29 945.29 245,000.00 06/15/23
06/15/23 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 0.00 65.88 65.88 239,559.41 06/15/23
06/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 0.00 15.37 15.37 48,545.97 06/15/23
06/15/23 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 520.33 520.33 140,000.00 06/15/23
06/15/23 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,010.63 1,010.63 245,000.00 06/15/23 06/15/23 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 1,149.33 1,149.33 320,000.00 06/15/23 06/15/23 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 0.00 49.33 49.33 80,000.00 06/15/23
06/15/23 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 715.42 715.42 170,000.00 06/15/23
06/15/23 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 0.00 94.25 94.25 195,000.00 06/15/23
06/15/23 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 503.75 503.75 130,000.00 06/15/23
06/16/23 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 1,104.58 1,104.58 275,000.00 06/16/23

Page 28 ends

For the Month Ending June 30, 2023Managed Account Security Transactions & Interest

INTEREST
06/16/23 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 0.00 48.17 48.17 85,000.00 06/16/23
06/20/23 GMALT 2021-2 A4
DTD 05/26/2021 0.410% 05/20/2025
380144AD7 0.00 11.96 11.96 35,000.00 06/20/23
06/20/23 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0 0.00 9.34 9.34 33,967.32 06/20/23
06/21/23 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 0.00 73.33 73.33 100,000.00 06/21/23
06/27/23 AMERICAN HONDA FINANCE CORP
NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 0.00 4,800.00 4,800.00 400,000.00 06/27/23 06/30/23 US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 0.00 5,296.88 5,296.88 2,825,000.00 06/30/23 06/30/23 US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 0.00 3,500.00 3,500.00 400,000.00 06/30/23 06/30/23 US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 0.00 187.50 187.50 150,000.00 06/30/23
44,719.35 44,719.35 0.00 10,217,665.42 Transaction Type Sub-Total

PAYDOWNS
06/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 4,154.13 0.00 4,154.13 0.44 0.00 4,154.13 06/15/23 06/15/23 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 17,079.42 0.00 17,079.42 0.29 0.00 17,079.42 06/15/23 06/15/23 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 17,850.63 0.00 17,850.63 1.92 0.00 17,850.63 06/15/23 06/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 5,384.04 0.00 5,384.04 1.16 0.00 5,384.04 06/15/23 06/20/23 GMALT 2021-1 A4
DTD 02/24/2021 0.330% 02/20/2025
36261RAD0 33,967.32 0.00 33,967.32 5.12 0.00 33,967.32 06/20/23

0.00 0.00 8.93 78,435.54 78,435.54 78,435.54 Transaction Type Sub-Total SELL

Page 29 ends

For the Month Ending June 30, 2023Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
06/06/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 801,764.65 2,512.60 804,277.25 8,217.78 (3,400.79) FIFO 825,000.00 06/02/23 06/14/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 194,570.31 647.79 195,218.10 2,195.31 (782.26) FIFO 200,000.00 06/07/23 06/13/23 US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 413,578.13 509.67 414,087.80 (30,076.17) (33,415.80) FIFO 450,000.00 06/08/23 06/13/23 US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 91,906.25 113.26 92,019.51 (6,156.25) (7,156.94) FIFO 100,000.00 06/08/23 06/15/23 US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 95,531.25 802.49 96,333.74 (11,351.56) (6,888.66) FIFO 100,000.00 06/08/23 06/16/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 48,656.25 164.36 48,820.61 562.50 (191.95) FIFO 50,000.00 06/15/23 06/28/23 US TREASURY N/B NOTES
DTD 01/31/2022 0.875% 01/31/2024
91282CDV0 341,044.92 1,252.07 342,296.99 4,388.67 (1,314.99) FIFO 350,000.00 06/21/23 6,002.24 (53,151.39)(32,219.72) 1,993,054.00 1,987,051.76 2,075,000.00 Transaction Type Sub-Total 41,777.42 42,230.29 84,007.71 (32,210.79) (53,151.39)Managed Account Sub-Total Total Security Transactions ($32,210.79)$84,007.71 $42,230.29 $41,777.42 ($53,151.39)

Page 30 ends

For the Month Ending June 30, 2023Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
19,445.64 Opening Balance
06/01/23 06/01/23 Purchase - Interest 46647PCH7 1.00 1,297.80 20,743.44 06/05/23 06/05/23 Purchase - Interest 023135BQ8 1.00 1,900.00 22,643.44 06/05/23 06/05/23 Purchase - Interest 3137EAFA2 1.00 375.00 23,018.44 06/06/23 06/06/23 Purchase - Interest 06051GKE8 1.00 1,721.25 24,739.69 06/06/23 06/06/23 Purchase - Principal 91282CDV0 1.00 801,764.65 826,504.34 06/06/23 06/06/23 Purchase - Interest 91282CDV0 1.00 2,512.60 829,016.94 06/06/23 06/06/23 Redemption - Interest 91282CFB2 1.00 (7,896.75) 821,120.19 06/06/23 06/06/23 Redemption - Principal 91282CFB2 1.00 (786,779.30) 34,340.89 06/09/23 06/09/23 Purchase - Interest 63254ABD9 1.00 4,375.00 38,715.89 06/09/23 06/09/23 Purchase - Interest 63254ABE7 1.00 9,762.50 48,478.39 06/13/23 06/13/23 Purchase - Interest 912828ZW3 1.00 622.93 49,101.32 06/13/23 06/13/23 Purchase - Principal 912828ZW3 1.00 505,484.38 554,585.70 06/13/23 06/13/23 Redemption - Principal 3137F1G44 1.00 (527,033.20) 27,552.50 06/13/23 06/13/23 Redemption - Interest 3137F1G44 1.00 (594.55) 26,957.95 06/14/23 06/14/23 Purchase - Interest 91282CDV0 1.00 647.79 27,605.74 06/14/23 06/14/23 Purchase - Principal 91282CDV0 1.00 194,570.31 222,176.05 06/14/23 06/14/23 Redemption - Principal 02582JJZ4 1.00 (189,983.15) 32,192.90 06/15/23 06/15/23 Purchase - Interest 63743HFE7 1.00 862.50 33,055.40 06/15/23 06/15/23 Purchase - Interest 891940AC2 1.00 945.29 34,000.69 06/15/23 06/15/23 Purchase - Interest 89190GAC1 1.00 52.53 34,053.22 06/15/23 06/15/23 Purchase - Interest 65480JAC4 1.00 520.33 34,573.55

Page 31 ends

For the Month Ending June 30, 2023Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
06/15/23 06/15/23 Purchase - Interest 65480BAC1 1.00 65.88 34,639.43 06/15/23 06/15/23 Purchase - Interest 44935FAD6 1.00 49.33 34,688.76 06/15/23 06/15/23 Purchase - Interest 44933LAC7 1.00 15.37 34,704.13 06/15/23 06/15/23 Purchase - Interest 41285JAD0 1.00 715.42 35,419.55 06/15/23 06/15/23 Purchase - Interest 344928AD8 1.00 503.75 35,923.30 06/15/23 06/15/23 Purchase - Interest 254683CY9 1.00 1,149.33 37,072.63 06/15/23 06/15/23 Purchase - Interest 254683CP8 1.00 94.25 37,166.88 06/15/23 06/15/23 Purchase - Interest 14318MAD1 1.00 694.75 37,861.63 06/15/23 06/15/23 Purchase - Interest 14314QAC8 1.00 33.86 37,895.49 06/15/23 06/15/23 Purchase - Interest 14041NGB1 1.00 1,010.63 38,906.12 06/15/23 06/15/23 Purchase - Principal 912828YY0 1.00 95,531.25 134,437.37 06/15/23 06/15/23 Purchase - Interest 912828YY0 1.00 802.49 135,239.86 06/15/23 06/15/23 Purchase - Principal 14314QAC8 1.00 5,384.04 140,623.90 06/15/23 06/15/23 Purchase - Principal 44933LAC7 1.00 4,154.13 144,778.03 06/15/23 06/15/23 Purchase - Principal 65480BAC1 1.00 17,079.42 161,857.45 06/15/23 06/15/23 Purchase - Principal 89190GAC1 1.00 17,850.63 179,708.08 06/16/23 06/16/23 Purchase - Interest 362554AC1 1.00 48.17 179,756.25 06/16/23 06/16/23 Purchase - Interest 36265QAD8 1.00 1,104.58 180,860.83 06/16/23 06/16/23 Purchase - Interest 91282CDV0 1.00 164.36 181,025.19 06/16/23 06/16/23 Purchase - Principal 91282CDV0 1.00 48,656.25 229,681.44 06/16/23 06/16/23 Redemption - Principal 05522RDG0 1.00 (169,961.51) 59,719.93 06/20/23 06/20/23 Purchase - Interest 36261RAD0 1.00 9.34 59,729.27

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For the Month Ending June 30, 2023Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
06/20/23 06/20/23 Purchase - Interest 380144AD7 1.00 11.96 59,741.23 06/20/23 06/20/23 Purchase - Principal 36261RAD0 1.00 33,967.32 93,708.55 06/21/23 06/21/23 Purchase - Interest 43815GAC3 1.00 73.33 93,781.88 06/23/23 06/23/23 IP Fees May 2023 1.00 (3,958.65) 89,823.23 06/23/23 06/23/23 U.S. Bank Fees April 2023 1.00 (229.62) 89,593.61 06/26/23 06/26/23 Purchase - Interest 3137BGK24 1.00 637.92 90,231.53 06/26/23 06/26/23 Purchase - Interest 3137BNGT5 1.00 629.06 90,860.59 06/26/23 06/26/23 Purchase - Interest 3137BSP72 1.00 1,215.96 92,076.55 06/26/23 06/26/23 Purchase - Interest 3137BTUM1 1.00 1,059.88 93,136.43 06/27/23 06/27/23 Purchase - Interest 02665WCZ2 1.00 4,800.00 97,936.43 06/28/23 06/28/23 Purchase - Interest 91282CDV0 1.00 1,252.07 99,188.50 06/28/23 06/28/23 Purchase - Principal 91282CDV0 1.00 341,044.92 440,233.42 06/28/23 06/28/23 Redemption - Principal 254683CZ6 1.00 (349,952.72) 90,280.70 06/30/23 06/30/23 Purchase - Interest 912828YY0 1.00 3,500.00 93,780.70 06/30/23 06/30/23 Purchase - Interest 912828ZW3 1.00 187.50 93,968.20 06/30/23 06/30/23 Purchase - Interest 91282CBC4 1.00 5,296.88 99,265.08 06/30/23 07/03/23 Accrual Income Div Reinvestment - Distributions 1.00 273.70 99,538.78

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For the Month Ending June 30, 2023Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate 99,538.78
99,538.78
99,538.78
63,396.44
24,175.15

0.00 (27,421,928.81)
27,474,597.18
46,870.41
273.70
99,538.78

0.00 (2,036,389.45)
2,116,482.59
19,445.64
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
June January-June

5.24%

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REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Johnathan Oliver Skinner, Director of Community Services Date: July 25, 2023
Subject: Professional Services Agreement with Securitas Security Services USA, Inc. for Security Services at Launch Pointe RV Resort
Recommendation
Approve and authorize the City Manager to execute a Professional Services Agreement with Securitas Security Services USA, Inc. for Security Patrol Services at Launch Pointe RV Resort in the amount not to exceed $205,000 plus a 10% contingency for unforeseen additional security needs in such final form as approved by the City Attorney.

Background
The Campground includes higher-end finishes and amenities to attract visitors and events from local areas. It is necessary to utilize security patrol services throughout the park overnight to protect from theft and vandalism. Unfortunately, threats facing this facility on a daily basis have the potential to severely impede intended operational uses and directly escalate City costs. City Staff have worked to improve the overall security and surveillance capabilities at critical City facilities and the implementation of electronic security and surveillance capabilities have proven to be a highly effective deterrent.

Discussion
Securitas Security Services USA, Inc. provides security patrol services and capabilities that can be tailored to the City’s precise needs to help prevent incidents from happening.

Security at Launch Pointe

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As the City continues to build and open top-notch facilities for the enjoyment of the entire community, it is important to design and build into these facilities with highly capable security and surveillance systems. Coupled with design and installation, it is also critical that the programming and training on the system ensures optimum readiness and capability. The continuity of designed solutions, engineering, installation, and support is critical to the overall success of any security and surveillance system.

Fiscal Impact
Funding for the security is included in the Campground Operational budget.

Attachments
Attachment 1- Professional Services Agreement
Exhibit A - Proposal
Attachment 1 - Agreement.pdfPage 1

AGREEMENT FOR PROFESSIONAL SERVICES
Securitas Security Services USA, Inc.

Security for Launch Pointe RV Park
This Agreement for Professional Services (the “Agreement”) is made and entered into as of July 25, 2023, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Securitas Security Services USA, Inc. (“Contractor”)

RECITALS
A. The City has determined that it requires the following professional services:

Day and Evening/ Overnight Security for Launch Pointe RV Park B. Consultant has submitted to City a proposal, dated July 13, 2023, attached hereto as Exhibit A (“Consultant’s Proposal”) and incorporated herein, to provide professional services to City pursuant to the terms of this Agreement.

C. Consultant possesses the skill, experience, ability, background, certification and knowledge to perform the services described in this Agreement on the terms and conditions described herein.

D. City desires to retain Consultant to perform the services as provided herein and Consultant desires to provide such professional services as set forth in this Agreement.

AGREEMENT

1. Scope of Services. Consultant shall perform the services described in Consultant’s Proposal (Exhibit A). Consultant shall provide such services at the time, place, and in the manner specified in Consultant’s Proposal, subject to the direction of the City through its staff that it may provide from time to time.

2. Time of Performance.
a. Time of Essence. Time is of the essence in the performance of this Agreement. The time for completion of the professional services to be performed by Consultant is an essential condition of this Agreement. Consultant shall prosecute regularly and diligently the professional services contemplated pursuant to this Agreement according to the agreed upon performance schedule in Consultant’s Proposal (Exhibit A). b. Performance Schedule. Consultant shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services within the time period(s) established in the Consultant’s Proposal (Exhibit A). When requested by Consultant, extensions to the time period(s) specified may be approved in writing by the City Manager.
c. Term. Unless earlier terminated as provided elsewhere in this Agreement, this Agreement shall continue in full force and effect for a period commencing on July 1, 2023 and

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ending June 30, 2024. The City may, at its sole discretion, extend the term of this Agreement on a 12-month basis not to exceed 3 additional twelve (12) month renewal terms by giving written notice thereof to Consultant not less than thirty (30) days before the end of the contract term, such notice to be exercised by the City Manager.

3. Compensation. Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultant's Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Consultant's annual compensation exceed Two Hundred and Five Thousand Dollars ($205,000) without additional written authorization from the City. Notwithstanding any provision of Consultant's Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

4. Method of Payment. Consultant shall promptly submit billings to the City describing the services and related work performed during the preceding month to the extent that such services and related work were performed. Consultant’s bills shall be segregated by project task, if applicable, such that the City receives a separate accounting for work done on each individual task for which Consultant provides services. Consultant’s bills shall include a brief description of the services performed, the date the services were performed, the number of hours spent and by whom, and a description of any reimbursable expenditures. City shall pay Consultant no later than forty-five (45) days after receipt of the monthly invoice by City staff.

5. Background Checks. At any time during the term of this Agreement, the City reserves the right to make an independent investigation into the background of Consultant’s personnel who perform work required by this Agreement, including but not limited to their references, character, address history, past employment, education, social security number validation, and criminal or police records, for the purpose of confirming that such personnel are lawfully employed, qualified to provide the subject service or pose a risk to the safety of persons or property in and around the vicinity of where the services will be rendered or City Hall. If the City makes a reasonable determination that any of Consultant’s prospective or then current personnel is deemed objectionable, then the City may notify Consultant of the same. Consultant shall not use that personnel to perform work required by this Agreement, and if necessary, shall replace him or her with a suitable worker.

6. Suspension or Termination.
a. The City may at any time, for any reason, with or without cause, suspend or terminate this Agreement, or any portion hereof, by serving upon the Consultant at least ten (10) days prior written notice. Upon receipt of such notice, the Consultant shall immediately cease all work under this Agreement, unless the notice provides otherwise. If the City suspends or terminates a portion of this Agreement such suspension or termination shall not make void or invalidate the remainder of this Agreement.
b. In the event this Agreement is terminated pursuant to this Section, the City shall pay to Consultant the actual value of the work performed up to the time of termination, provided that the work performed is of value to the City. Upon termination of the Agreement pursuant to this Section, the Consultant will submit an invoice to the City, pursuant to Section entitled “Method of Payment” herein.

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7. Plans, Studies, Documents.
a. Ownership of Documents. All plans, studies, documents and other writings prepared by and for Consultant, its officers, employees and agents and subcontractors in the course of implementing this Agreement, except working notepad internal documents, shall become the property of the City upon payment to Consultant for such work, and the City shall have the sole right to use such materials in its discretion without further compensation to Consultant or to any other party. Consultant shall, at Consultant’s expense, provide such reports, plans, studies, documents and other writings to City upon written request. City shall have sole determination of the public’s rights to documents under the Public Records Act, and any third- party requests of Consultant shall be immediately referred to City, without any other actions by Consultant.
b. Licensing of Intellectual Property. This Agreement creates a nonexclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Consultant under this Agreement ("Documents & Data"). Consultant shall require that all subcontractors agree in writing that City is granted a nonexclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Consultant represents and warrants that Consultant has the legal right to license any and all Documents & Data. Consultant makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Consultant or provided to Consultant by the City. City shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk. c. Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents & Data either created by or provided to Consultant in connection with the performance of this Agreement shall be held confidential by Consultant. Such materials shall not, without the prior written consent of City, be used by Consultant for any purposes other than the performance of the services under this Agreement. Nor shall such materials be disclosed to any person or entity not connected with the performance of the services under this Agreement. Nothing furnished to Consultant which is otherwise known to Consultant or is generally known, or has become known, to the related industry shall be deemed confidential. Consultant shall not use City’s name or insignia, photographs relating to project for which Consultant’s services are rendered, or any publicity pertaining to the Consultant’s services under this Agreement in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of City.

8. Consultant’s Books and Records.
a. Consultant 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 Consultant to this Agreement.

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b. Consultant 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 Consultant’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 Consultant’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 Consultant, Consultant’s representatives, or Consultant’s successor-in-interest.

9. Independent Contractor.
a. Consultant 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 Consultant shall at all times be under Consultant’s exclusive direction and control. Neither City nor any of its officers, employees, or agents shall have control over the conduct of Consultant or any of Consultant’s officers, employees, or agents, except as set forth in this Agreement. Consultant 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. Consultant 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 Consultant as provided in the Agreement, Consultant 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 Consultant or any employee, agent, or subcontractor of Consultant 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, Consultant shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Consultant 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 Consultant. Consultant (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

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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 Consultant’s services hereunder. Consultant 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.

Consultant is not a designated employee within the meaning of the Political Reform Act because Consultant:
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 Consultant. City has relied upon the professional training and ability of Consultant to perform the services hereunder as a material inducement to enter into this Agreement. Consultant shall therefore provide properly skilled professional and technical personnel to perform all services under this Agreement. All work performed by Consultant 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 Consultant’s field of expertise.

13. Compliance with Laws.
a. Consultant 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 Consultant and/or its employees, officers, or board members.
b. Consultant 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. Consultant represents and warrants to City that it has the licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Consultant to practice its profession. Consultant represents and warrants to City that Consultant 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 Consultant to practice its profession. Consultant shall maintain a City of Lake Elsinore business license.

15. Indemnity. Consultant 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 Consultant 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 Consultant shall not apply when (1) the injury, loss of life, damage to property, or violation of

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law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Consultant 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 Consultant 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 Consultant 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, Consultant acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

16. Insurance Requirements.
a. Insurance. Consultant, at Consultant’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. Consultant 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, Consultant 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 Consultant for City. In the event that Consultant 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, Consultant 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. Consultant 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 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.

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iii. Automobile Liability Coverage. Consultant shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Consultant 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. Consultant shall maintain professional errors and omissions liability insurance appropriate for Consultant’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Consultant’s services under this Agreement, whether such services are provided by the Consultant or by its employees, subcontractors, or sub consultants. 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.
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.

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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, Consultant shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Consultant 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 Consultant: Securitas Security Services USA, Inc.

Attn: Accounts Payable
27450 Ynez Road #315
Temecula, CA 92591

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 Consultant and the subcontractors listed in Exhibit B. Consultant 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 Consultant under this Agreement will be permitted only with the express consent of the City. Consultant 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, Consultant 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.

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.

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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. Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant 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 Consultant, 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. Consultant 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. Consultant 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.

Consultant 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, Consultant shall bear all risks of payment or non-payment of prevailing wages under California law, and Consultant 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.

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. Consultant 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

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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) non- monetary 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. Consultant’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 Consultant’s Proposal.

30. Amendments. This Agreement may be modified or amended only by a written document executed by both Consultant 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 of Lake Elsinore
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Risk Manager
“CONSULTANT”
Securitas Security Services USA, Inc., a
security services, monitoring, consulting and
investigation group.

By: Niko Sirios
Its: District Manager
Attachments: Exhibit A – Consultant’s Proposal

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]

EXHIBIT B
Annual Cost Analysis
BRANCH: Temecula DATE: Jul 13, 2023
CLIENT: CLIENT #: 2030077110
PERIOD: Security Budget
Rank LP TOM
Pay Rate $16.25 $17.25
Bill Rate $26.64 $28.52
OT/Hol Prem $13.32 $14.26
Hours Per Week 80 40
Hrs. Per Holiday 16.0 8.0
Total
Monthly Cost Holidays
January 31 9,412.31 5,038.27 New Years Day
Holiday 213.12 114.08 $17,340.79
February 28 8,501.44 4,550.70
Holiday 0.00 0.00 $15,615.14
March 31 9,412.31 5,038.27
Holiday 0.00 0.00 $17,013.59
April 30 9,108.69 4,875.75
Holiday 0.00 0.00 $16,547.44
May 31 9,412.31 5,038.27 Memorial Day
Holiday 213.12 114.08 $17,340.79
June 30 9,108.69 4,875.75
Holiday 0.00 0.00 $16,547.44
July 31 9,412.31 5,038.27 Independence Day
Holiday 213.12 114.08 $17,340.79
August 31 9,412.31 5,038.27
Holiday 0.00 0.00 $17,013.59
September 30 9,108.69 4,875.75 Labor Day
Holiday 213.12 114.08 $16,874.64
October 31 9,412.31 5,038.27
Holiday 0.00 0.00 $17,013.59
November 30 9,108.69 4,875.75 Thanksgiving Day
Holiday 213.12 114.08 $16,874.64
December 31 9,412.31 5,038.27
Holiday 213.12 114.08 Christmas Day
$17,340.79
TOTAL WKLY 120 Total Annual Cost: $202,863.20
Securitas Security Services USA
Launch Point 23/24 Fiscal

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REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Johnathan Oliver Skinner, Director Of Community Services Date: July 25, 2023
Subject: Professional Services Agreement with Hit Print, Inc. for Marketing and Web Support Services for Launch Pointe
Recommendation
Approve and authorize the City Manager to execute a Professional Services Agreement with Hit Print, Inc. in an amount not to exceed $30,000 for marketing and web support services for Launch Pointe in such final form as approved by the City Attorney.

Background
Hit Print, Inc. provides high quality marketing, web support services, and review management support to enhance Launch Pointe’s online presence. Hit Print, Inc. began an email marketing campaign, provided resort enhancement ideas, developed, and distributed marketing materials for lodging and the venue, took over all review management across three platforms, and improved our Search Engine listing.

Discussion
Hit Print, Inc. provides quality service and support tailored to the Launch Pointe’s precise needs to enhance Launch Pointe’s online presence, manages review responses, utilizes keyword processes to improve search listing, and supports management team with industry marketing advice and recommendations. Due to the successes of Hit Print, it is the recommendation of staff to utilize their services for resort marketing support.

Fiscal Impact
The funding for the services is included in Launch Pointe’s annual operating budget.

Launch Pointe Marketing and Web Support

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Attachments
Attachment 1 - Professional Services Agreement
Exhibit A - Invoice
Attachment 1 - Agreement.pdfPage 1

AGREEMENT FOR PROFESSIONAL SERVICES
Hit Print, Inc.

Marketing and Web Support Services
This Agreement for Professional Services (the “Agreement”) is made and entered into as of July 25, 2023, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Hit Print, Inc., a corporation ("Consultant").

RECITALS
A. The City has determined that it requires the following professional services:

To provide marketing strategy planning, review management, review response, web profile syndication, social media, PPC and remarketing campaigns, design services, text messaging campaigns, email campaigns, and design service for Launch Pointe.

B. Consultant has submitted to City a proposal, dated June 26, 2023, attached hereto as Exhibit A (“Consultant’s Proposal”) and incorporated herein, to provide professional services to City pursuant to the terms of this Agreement.

C. Consultant possesses the skill, experience, ability, background, certification and knowledge to perform the services described in this Agreement on the terms and conditions described herein.

D. City desires to retain Consultant to perform the services as provided herein and Consultant desires to provide such professional services as set forth in this Agreement.

AGREEMENT

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c. Term. The term of this Agreement shall commence upon execution of this Agreement and shall continue until the services and related work are completed in accordance with the Consultant’s Proposal (Exhibit A).

3. Compensation. Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultants’ Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Consultant’s compensation exceed Thirty Thousand dollars ($30,000.00) without additional written authorization from the City.

Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge.

Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

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Attn: Jason Devor
28497 CA-74 Suite 113
Lake Elsinore, CA 92530

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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30. Amendments. This Agreement may be modified or amended only by a written document executed by both Consultant and City and approved as to form by the City Attorney. [Signatures on next page]

Page 11 ends

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
City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Assistant City Manager
“CONSULTANT”
Hit Print, Inc., a Corporation
By: Jason Devor
Its: Owner
Attachments: Exhibit A – Consultant’s Statement of Work Proposal

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]

EXHIBIT B

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Hit Print Inc
28497 CA-74, suite 113
CA US
+1 9516092555
[email protected]
ihitprint.com

INVOICE

BILL TO
Launch Pointe
INVOICE 3941
DATE 06/26/2023
TERMS Due on receipt
DUE DATE 06/26/2023

DATE DESCRIPTION QTY RATE AMOUNT
Other - Non Taxable Strategy - Planning and Execution of Marketing Strategies. Up to 2 (1 hour)
Conference calls per month with LP
Staff. 12 Months
12 1,600.00 19,200.00
Other - Non Taxable Review Management - Provide
software to maintain review responses
and manage customer sentiment. 12
Months
12 150.00 1,800.00
Other - Non Taxable Review Response - Personalized
review responses to all customer
reviews. Approval process for negative
reviews. 12 Months
12 375.00 4,500.00
Other - Non Taxable Google Profile Syndication - Google Profile Management and Syndication,
Sync, and Distribution. Data Axle,
Neustar, and Foursquare included. 12
Months
12 200.00 2,400.00
Other - Non Taxable Email Campaigns, Plan, Deploy and
Post Mortem Feedback Per
Deployment, Priced as Ad-Hoc
1 725.00 725.00
Other Payments for services can be made
quarterly or monthly in arrears.

Payments later than 30 days will incur
a 10% penalty fee.
1 0.00 0.00
Other Contract is for July 1, 2023 to June 30,
2024
1 0.00 0.00
SUBTOTAL 28,625.00
TAX 0.00
TOTAL 28,625.00
BALANCE DUE $28,625.00

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Pay invoice

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REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Johnathan Oliver Skinner, Director of Community Services Date: July 25, 2023
Subject: Main Street Eats Food Event Street Closures - Downtown Recommendation
Approve Road Closures for the Main Street Eats event to be held on Saturday, July 29, 2023.

Background
The Community Services Department was excited to collaborate with local group, Made Local to bring the Main Street Eats event series to Historic Main Street during the month of May. We are bringing this event back for July 29, 2023. This event will feature a large variety of food booths, local vendors, photo opportunities, and live entertainment. We have scheduled a diverse lineup of local artists to showcase the talent in and around our community. We are expecting this event to attract a large number of visitors to our downtown area. In addition, the event will also support local businesses, promote the downtown area, and provide a fun and family-friendly experience for visitors.

Discussion
Main Street Eats is planned to take place on July 29 on Main Street in Downtown Lake Elsinore from 5:00 to 9:00 p.m. The Community Services Department, Public Works Department, and Sheriff’s Department will coordinate resources to ensure public safety. As a result, staff is recommending street closures on Main Street between Heald and Limited as detailed in Attachment 1. It is recommended that these street closures remain in place from 12:00 p.m. to 10:30 p.m. The street closures will be enforced by Law Enforcement personnel.

Main Street Eats Street Closure

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6 4
0 Fiscal Impact
Costs for City personnel staffing will be accommodated via the Community Services fiscal budget.

Attachments
Attachment 1 - Main Street Eats Closure Map
LEGEND
Open Roadway (Detour
Route) Road Closure
Stage
Restrooms
Exhibit A - Main Street Eats Street Closure

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REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Johnathan Oliver Skinner, Director of Community Services Date: July 25, 2023
Subject: Professional Services Agreement with Triple Crown Sports, Inc. (TC Sports) for Operational Services of Rosetta Canyon Sports Park
Recommendation
Approve and authorize the City Manager to execute a Professional Services Agreement with TC Sports, Inc. in an amount not to exceed $150,000.00 per year for management services, $62,400 for field maintenance, plus reimbursable for Rosetta Canyon Sports Park, in such final form as approved by the City Attorney.

Background
In 2018, the City contracted with TC Sports, Inc., a Triple Crown Sports franchisee, a leader in Southern California related to girls’ fast pitch softball, was hired to staff the facility and manage all events, including field preparation. TC Sports, Inc. is a recognized leader in event production, including field preparation. The alliances and relationships they have built nationwide over the years testify to the customer service and care of individual needs, evident in the high-quality tournaments and events they produce.

City staff’s vision for Rosetta Canyon Sports Park has not changed since the planning of its construction, which is to be an economic catalyst for the community. The vision requires high- quality programming and planning of significant tournaments with many organizations. TC Sports has the infrastructure and contacts to build the tournament offerings with reputable organizations and local teams while hitting all age groups and play levels. Their success has grown over time, and the City stands to benefit from their investment over the years because they used to be a minor player in the market. While high-end programs seek their Triple Crown events, less- seasoned teams, and younger ages are still considered valuable customers. All segments of the Southern California market need attention, with other tournament providers now looking hungrily at the team numbers TCS can assemble on any given weekend. They lead in programming field reservations, ensuring payment to the City, educating participants on park rules, providing field maintenance preparation, and making the City the premier location for all events.

Rosetta Canyon Sports Park Operations

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Discussion
TC Sports, Inc. is a sports management firm serving Triple Crown Sports as a franchisee. TC Sports has operated successful events nationwide, but the largest demographic for girls’ fast pitch softball is here in Southern California. They offer high-quality events to girls of all ages and levels of play to promote the sport. They even host college tournaments and showcase events catering to college exposure and recruiting efforts. The City wants to continue its contract with TC Sports for the next Fiscal Year ending June 30, 2024.

Fiscal Impact
Funds are budgeted in the Fiscal Year 2023-2024 Annual Operating Budget and is primarily funded by field reservation fees for the facility.

Attachments
Attachment 1 - Agreement
3 1
6 3
9 AGREEMENT FOR PROFESSIONAL SERVICES

OPERATION OF ROSETTA CANYON SPORTS PARK
This Agreement for Professional Services (the “Agreement”) is made and entered into as of July 25, 2023 (“Effective Date”), by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and TC Sports, Inc. a California Corporation ("Operator").

RECITALS
A. The Rosetta Canyon Sports Park (Exhibit A) was constructed by the City of Lake Elsinore for the purpose of creating a destination for tournament level competitive play for fastpitch softball and baseball to organizations and groups for their enjoyment of this growing sport and its recreational values.

B. The function of the City is to manage, protect, and promote public park and recreational values and opportunities and to interpret these values effectively and provide facilities and services consistent with the purpose of the park that are necessary for its full enjoyment.

C. The City has determined that it requires certain professional services to develop and solidify the City’s position as a destination for competitive tournaments for the next several years by building a comprehensive schedule or following through nationally-recognized organizations. The services include, but are not limited to, the operation and routine maintenance of Rosetta Canyon Sports Park fields that promotes the above stated purposes of the facility and to promote the safety and convenience of the general public in the use and enjoyment of, and the enhancement of competitive tournament level play, as well as recreational and park experiences.

D. Operator possesses the skill, experience, ability, background, and knowledge to perform the services described in this Agreement on the terms and conditions described herein.

E. City desires to retain Operator to perform the services as provided herein and Operator desires to provide such professional services as set forth in this Agreement.

AGREEMENT

1. Scope of Services. Operator shall perform the following services at the Rosetta Canyon Sports Park (hereinafter the “Premises”) in accordance with Exhibit B and the terms and conditions hereinafter specified:

1.1 Park Operations. Operate Rosetta Canyon Sports Park football/soccer field, warmup areas, and the 5-field, star softball field venue including concession stand and day use areas by operating the concession stand, scheduling facility use, promoting and developing quality tournaments, and assisting the city in marketing efforts with hotels and other tourism businesses.

1.2 Concession Stand Operations. Operate the concession stand by selling prepackaged food and non-alcoholic beverages. Operator must maintain an inventory of all merchandise required to meet the reasonable needs of the public.

All food and beverages sold shall conform to federal, state, and local food laws and regulations. Operator may utilize up to two secured storage containers for use and other patron services, at the sole cost and expense of the Operator. If such containers are utilized, they may be moved or removed within 30 days at City Manager’s request.

1.3 Staffing.

1.3.1 Operator shall maintain a qualified and adequate staff to perform the services set forth in this Agreement. Operator shall designate one member of the staff as an Operations Manager with whom City may deal on a daily basis. Operations Manager shall be skilled in the management of businesses similar to the tournament facility operations and shall be subject to reasonable approval by the City Manager. The Operations Manager shall devote substantial time and attention to and be fully acquainted with the operations of the Premises, familiar with the terms and conditions prescribed therefore by this Agreement, and authorized to act in the day-to-day operations thereof.

1.3.2 If an employee of the Operator is found to be detrimental to the interest of the public, the City reserves the right to provide the Operator with written notice and Operator shall transfer or reassign any such employee within a reasonable period of time and such employee shall not be assigned to any other City facility.

1.3.3 Operator warrants that it fully complies with all laws regarding employment of aliens and others, and that all its employees performing services herein meet the citizens hip or a lien status requirements contained in federal and state statutes and regulations including, but not limited to, the Immigration Reform and Control Act of 1986 (P.L. 99-603). Operator shall obtain, from all covered employees performing services here in, all verification and other documentation of employment eligibility status required by federal statutes and regulations as they currently exist and as they may be hereafter amended. Operator shall retain such documentation for all covered employees for the period prescribed by law. Operator shall indemnify, defect, and hold harmless, the City, its agents, officers and employees from employer sanctions and any other liability which may be assessed against Operator or City or both in connection with any alleged violation of federal statutes or regulations pertaining to the eligibility for employment of persons performing services under this Agreement.

1.3.4 Operator shall file with the City Manager a certificate for each member of the food and beverage staff showing that within the last two (2) years, such person has been examined and has been found to be free of communicable tuberculosis. "Certificate" means a document signed by the examining physician and surgeon who is licensed under Chapter 5 (commencing with Section 2000), Division 3 1
6 3
9 2 of the California Business and Professions Code, or a notice from a public health agency or unit of the Tuberculosis Association which indicates freedom from active tuberculosis.

1.4 Open Hours. Operator agrees to operate the Premises and maintain open hours daily as noted in Exhibit B.

1.5 Schedule of Fees. Operator shall maintain and post a complete schedule of prices for all fees, charges, goods, rentals, and services supplied to the public on or from the Premises as established by the City in consultation with the Operator. .

1.6 Quality of Services. Service to the public, with goods, services, and merchandise of a high quality and at reasonable charges, is of prime concern to the City and is considered a part of the consideration for this Agreement.

Therefore, Operator agrees to operate the Premises in a first-class manner, and comparable to other first-class facilities providing similar activities, programs and services. Where such facilities are provided, Operator shall maintain a high standard of service at least equal to that of similar events and programs conducted on City parks and/or adjacent communities and to those prevailing in such areas for similar products and services, and without discrimination. Operator, following receipt of written notification there of, shall immediately remove or withdraw from sale of any goods or services which may be found objectionable to the City Manager based on findings that the provision of such goods or services is harmful to the public welfare.

1.7 Utilities. With respect to the Premises, City shall provide and pay for any necessary utilities, including water and electricity, consumed by Operator in the operation of the Premises. Operator waives any and all claims against City for compensation for loss or damage caused by a defect, deficiency or impairment of any utility system, water system, water supply system, drainage system, waste system, heating or gas system, electrical apparatus or wires serving the Premises.

City shall pay for any new connections to the existing utility services necessary for the operation of the Premises.

1.8 Maintenance and Repair of Premises. During the term of this Agreement, City shall be responsible at its sole cost and expense, for conducting all Maintenance and Repair of the Premises in order to assure that the Premises are maintained in a reasonable good state of repair and the improvements thereon are preserved for a reasonable useful life. “Maintenance and Repair” shall include but not be limited to, maintaining fire clearance, tree trimming and removal, repair of broken fixtures and facilities, plumping and electrical fixtures, and equipment. The City will maintain the public restrooms, trash pick-up, minor repairs/replacement to equipment, pest inspection and control, landscape mowing and edging, shrub trimming and non-reoccurring removal of hanging tree limbs, vacuuming, wiping, and cleaning of all adjacent grounds and walks. Notwithstanding the foregoing, the City shall have no obligation to maintain or repair any equipment owned by Operator (including rentals equipment) related to the operation thereof.

1.9 Housekeeping. During the term of this Agreement, Operator shall be responsible at is sole cost and expense, for conducting all Housekeeping duties of the Premises in order to assure that the Premises are in good condition, and kept in a clean, safe, wholesome and sanitary condition free of trash, garbage, or obstructions of any kind. Operator shall provide all necessary equipment, materials and supplies used for housekeeping purposes, such as but not limited to, sanitary, landscaping, and cleaning supplies. Housekeeping shall include but not be limited to, cleaning of concession stand.

1.10 Office and Service Supplies. During the term of this Agreement, Operator shall be responsible at its sole cost and expense, for purchasing and maintaining all necessary office supplies, employee uniforms and other supplies required to perform the services hereunder.

1.11 Sanitation. No offensive matter, refuse, or substance constituting an unnecessary, unreasonable or unlawful fire hazard, or material detrimental to the public health, shall be permitted or remain on the Premises and within a distance of fifty (50) feet thereof, and Operator shall prevent any accumulation thereof from occurring. Operator shall furnish all equipment and materials necessary, including trash receptacles of the size, type, color and number required by the City Manager, to maintain the Premises and the area within a distance of fifty (50) feet thereof in a sanitary condition. City shall provide that all refuse is collected no less than once a week by its existing franchise hauler.

1.12 Advertising and Promotions. Operator shall be responsible for the sole cost and expense of advertising related to the Premises. All advertising and promotional materials shall receive approval from the City Manager prior to being distributed.

Any advertising or promotional materials promulgated by the Operator shall include the words “Lake Elsinore” as part of the name or identification of the Premises.

1.13 Events. Except as provided in Exhibit B, Operator shall not promote or sponsor private or public events on the Premises, unless authorized by a special event permit issued by the City of Lake Elsinore.

1.14 Security. City, at its own expense, may provide any legal devices or equipment and the installation thereof, designated for the purpose of protecting the Premises from theft, burglary or vandalism, provided written approval for installation thereof is first obtained from the City Manager.

1.15 Safety. Operator shall immediately notify City of any unsafe condition on the Premises and correct any unsafe practices occurring thereon. Operator shall obtain emergency medical care for any member of the public who is in need thereof, because of illness or injury occurring on the Premises. Operator shall cooperate fully with City in the investigation of any accidental injury or death occurring on the Premises, including a prompt report thereof to the City Manager.

Operator shall cooperate and comply fully with county, state, municipal, federal or any other regulatory agency having jurisdiction there over, regarding any safety inspections and certifications of any and all Operator's structures, enclosures, vehicles, booths, equipment and rides.
3 1
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9 1.16 Disorderly Conduct. Operator agrees to exercise every reasonable effort to not allow any loud boisterous or disorderly persons about the Premises.

1.17 Illegal Activity. Operator shall not permit any illegal activities to be conducted upon the Premises.

1.18 Maximize Use. Operator shall use its best efforts to maximize the use of the Premises and the facilities thereon in accordance with the conditions herein.

However, Operator shall not interfere with public use of the remaining areas.

1.19 Construction. In the event City constructs or causes to be constructed new facilities and/or improvements at the Premises, this Agreement shall continue in full force and effect except that the payments to be made by Operator shall be abated and/or other relief afforded to the extent that the City Manager may determine the construction interferes with the authorized operations, provided a claim therefor is filed with the City Manager within thirty (30) days of commencement of construction. Operator agrees to cooperate with City in the event the construction affects the Premises by vacating and removing therefrom all items of inventory, containers, equipment and furnishings for such periods as are required by the construction of the new facilities. Operator further agrees to cooperate in the determination of the abatement and/or other relief to be provided by furnishing all information requested relative to the operation and permitting examination and audit of all accounting records kept in connection with the conduct thereof.

1.20 Right of Entry. Any officers and/or authorized employees of the City may enter upon the Premises at any and all reasonable times for the purpose of determining whether or not Operator is complying with the terms and conditions hereof, or for any other purpose incidental to the rights of the City.

2. Term. Unless earlier terminated as provided elsewhere in this Agreement, this Agreement shall continue in full force and effect for a period commencing on July 1, 2023 and ending June 30, 2024. The City may, at its sole discretion, extend the term of this Agreement on a 12-month basis not to exceed 2 additional twelve (12) month renewal terms by giving written notice thereof to Consultant not less than thirty (30) days before the end of the contract term, such notice to be exercised by the City Manager.

3. Compensation. Commencing as of the Effective Date, Operator shall perform services hereunder Friday through Monday and compensation paid by City to Operator for such services shall be One Hundred and Fifty Thousand dollars ($150,000) annually, or $12,500 per month for management services, and up to Sixty-Two Thousand Four Hundred dollars ($62,400) for field maintenance plus reimbursables. Out of pocket expenses shall be approved by City prior to being expended and will be reimbursed at cost without an inflator or administrative charge.

4. Method of Payment. City shall pay Operator in equal monthly installments, plus approved reimbursables. Operator shall submit monthly reports and invoice to the City describing the services and related work performed during the preceding month, the date the services were performed and a description of any reimbursable expenditures.

5. Suspension or Termination.
a. The City may at any time, for any reason, with or without cause, suspend or terminate this Agreement, or any portion hereof, by serving upon the Operator at least thrity (30) days prior written notice. Upon receipt of such notice, the Operator shall immediately cease all work under this Agreement, unless the notice provides otherwise. If the City suspends or terminates a portion of this Agreement such suspension or termination shall not make void or invalidate the remainder of this Agreement.
b. In the event this Agreement is terminated pursuant to this Section, the City shall pay to Operator the actual value of the work performed up to the time of termination, provided that the work performed is of value to the City. Upon termination of the Agreement pursuant to this Section, the Operator will submit an invoice to the City, pursuant to Section entitled “Method of Payment” herein.

6. Ownership of Documents. All documents, receipts, and reports prepared by the Operator, its officers, employees and agents and subcontractors in the course of implementing this Agreement, except working notepad internal documents, shall become the property of the City upon payment to Operator for such work, and the City shall have the sole right to use such materials in its discretion without further compensation to Operator or to any other party. Operator shall, at Operator’s expense, provide such reports, plans, studies, documents and other writings to City upon written request. City acknowledges that any use of such materials in a manner beyond the intended purpose as set forth herein shall be at the sole risk of the City. City further agrees to defend, indemnify and hold harmless Operator, its officers, officials, agents, employees and volunteers from any claims, demands, actions, losses, damages, injuries, and liability, direct or indirect (including any and all costs and expenses in connection therein), arising out of the City’s use of such materials in a manner beyond the intended purpose as set forth herein.
a. Licensing of Intellectual Property. This Agreement creates a nonexclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Operator under this Agreement ("Documents & Data"). Operator shall require that all subcontractor agree in writing that City is granted a nonexclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Operator represents and warrants that Operator has the legal right to license any and all Documents & Data. Operator makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Operator or provided to Operator by the City. City shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at City’s sole risk. b. Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents & Data either created by or provided to Operator in connection with the performance of this Agreement shall be held confidential by Operator. Such materials shall not, without the prior written consent of City, be used by Operator for any purposes other than the performance of 3 1
6 3
9 the services under this Agreement. Nor shall such materials be disclosed to any person or entity not connected with the performance of the services under this Agreement. Nothing furnished to Operator which is otherwise known to Operator or is generally known, or has become known, to the related industry shall be deemed confidential. Operator shall not use City’s name or insignia, photographs relating to project for which Operator’s services are rendered, or any publicity pertaining to the Operator’s services under this Agreement in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of City.

7. Operator’s Books and Records.
a. Operator 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 Operator to this Agreement.
b. Operator 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 Operator’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 Operator’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 Operator, Operator’s representatives, or Operator’s successor-in-interest.

8. Independent Operator. It is understood that Operator, in the performance of the work and services agreed to be performed, shall act as and be an independent Operator and shall not act as an agent or employee of the City.

9. PERS Eligibility Indemnification. In the event that Operator or any employee, agent, or subcontractor of Operator 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, Operator shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Operator 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.

Notwithstanding any other federal, state and local laws, codes, ordinances and regulations to the contrary, Operator 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. Interests of Operator. Operator (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 Operator’s services hereunder. Operator 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.

Operator is not a designated employee within the meaning of the Political Reform Act because Operator:
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).)

11. Professional Ability of Operator. City has relied upon the professional training and ability of Operator to perform the services hereunder as a material inducement to enter into this Agreement. Operator shall therefore provide properly skilled professional and technical personnel to perform all services under this Agreement. All work performed by Operator 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 Operator’s field of expertise.

12. Compliance with Laws. Operator shall use the standard of care in its profession to comply with all applicable federal, state and local laws, codes, ordinances and regulations.

13. Licenses. Operator represents and warrants to City that it has the licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Operator to practice its profession. Operator represents and warrants to City that Operator 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 Operator to practice its profession. Operator shall maintain a City of Lake Elsinore business license.

14. Indemnity. Operator 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 Operator or its employees, subcontractors, or agents, by acts for which they could 3 1
6 3
9 be held strictly liable, or by the quality or character of their work. The foregoing obligation of Operator 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 Operator 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 Operator 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 Operator 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, Operator acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

15. Insurance Requirements.
a. Insurance. Operator, at Operator’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. Operator 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, Operator 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 Operator for City. In the event that Operator 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, Operator 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. Operator 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 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.
iii. Automobile Liability Coverage. Operator shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Operator 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.
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. 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 Operator, including materials, parts or equipment furnished in connection with such work or operations. 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.
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, Operator shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Operator shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

16. 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 3 1
6 3
9 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.

Attn: Mr. Travis Cotsenmoyer
14427 Meridian Pkwy Ste F
Riverside, CA 92518

17. Entire Agreement. This Agreement constitutes the complete and exclusive statement of Agreement between the City and Operator. All prior written and oral communications, including correspondence, drafts, memoranda, and representations, are superseded in total by this Agreement.

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

19. 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 Operator. Assignments of any or all rights, duties or obligations of the Operator under this Agreement will be permitted only with the express consent of the City. Operator shall not subcontract any portion of the work to be performed under this Agreement except with the prior written authorization of the City. If City consents to such subcontract, Operator 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.

20. 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.

21. 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.

22. 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.

23. 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.

24. 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.

25. Execution. 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.

26. Authority to Enter Agreement. Operator 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) non- monetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

27. Prohibited Interests. Operator maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Operator, to solicit or secure this Agreement. Further, Operator 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 Operator, 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.

28. Equal Opportunity Employment. Operator 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.

29. Prevailing Wages. Operator 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. 3 1
6 3
9 Operator 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, Operator shall bear all risks of payment or non-payment of prevailing wages under California law, and Operator 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.

30. Execution. 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. [Signatures on next page]
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
“OPERATOR”
TC Sports, Inc., a California Corporation
City Manager
ATTEST:

By: Travis Cotsenmoyer, President
City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
Attachments:

Exhibit A – Premises Map
Exhibit B – Scope of Services
3 1
6 3
9 Exhibit A – Premises Map

Exhibit B
Field Allocation Process

1. Operator will take the field allocation process over for all weekends of the year (Friday – Monday) and will, upon mutual agreement by Operator and City, undertake the field allocation process 7 days a week.

2. Operator will educate all users and patrons that nuts in shells are prohibited, especially Sunflower Seeds as they are a potential threat to health and safety of visitors to the park.

The seeds or shells could easily end up in the artificial turf which could create MRSA and other diseases and health concerns.

3. Operator will educate all umpires and organization hosts of the “No Sunflower Seeds” policy and to encourage compliance, fines or forfeiture of deposits and could include denial of future rental or use of the fields.

4. Provide one weekend per year to Lake Elsinore Girls Softball (LEGS) Recreation League for a tournament at no cost.

5. Operator would invoice the customer and make sure payment was received prior to the payment deadline. (city decided and dictated date)
a. Payment would go directly to the city.
b. If payment was not received in time, the user group will forfeit their date and an effort to find a replacement will be made. The original user group will not be awarded dates at the complex moving forward.

6. Operator will require user groups to have official date requests submitted by early September of the year prior of allocation dates and will publish the awarded dates by the beginning of November for the following year.
a. Proven organizations and events will have the potential to lock in 2-3 yr contracts on the same dates from year to year, as long as they continue to produce at a high quality. Operator will have the ability to terminate this contract if the event does not continue to produce high registration and attendance.

7. Operator will look to plug user groups into the facility that meet the vision for the complex. a. High-end, high-profile, highly-sought after events.
b. Events that drive non-local people into the City of Lake Elsinore. c. Events that will help develop the sport of women’s fast pitch softball. d. Events that bring good press to the City of Lake Elsinore.

8. Operator will collect liability insurance and waivers from each user group by the same date as the payment and email to a city appointed official for the city’s record.

9. Operator will have a Facility Manager(s) for Rosetta Canyon Sports Park.

10. Operator will communicate with appointed city official with written requests for any product or equipment needs.
3 1
6 3
9 SNACK BAR

1. Operator will allocate the snack bar at their discretion

2. Operator will remit payment of rental in accordance with the City’s fees

FIELD MAINTENANCE

1. Operator will hire 3 weekend only staffers to maintain the five (5) softball fields during the weekend events.
a. Staffers will be experienced and trained.
b. The City of Lake Elsinore will reimburse the Operator for each of these staffers weekend work in the amount of $200 per staffer. (In addition to the Management Fee)
c. Operator will look to reduce cost when able. If event organizer does not fill the entire park or is not in need of 3 field personnel, Operator will look to reduce the staff.
d. Operator will report the amount of staff per weekend to the city in a monthly report / invoice.

2. Operator will have access to city field equipment and on site storage.

RAIN PROCEDURE

1. Operator will provide an individual on site during the rain period to evaluate the quality of the fields. They will make the final decision on if play will continue or not. The goal would be to continue to play but only in safe enough conditions.

2. Operator will make sure quick dry product is stocked (Spill King preferred) and on site.

WEEKDAY MANAGEMENT

1. City and Operator will look to transition into a full weekday management arrangement in the near future. To do so another full time employee would be assigned to the Rosetta Canyon Sports Park by the Operator.

2. The City Manager has authority to direct the scope of staffing at the facility to meet the needs of the City.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Remon Habib, City Engineer
Date: July 25, 2023
Subject: Quitclaim and Grant Deeds for Interstate 15/Railroad Canyon Road Interchange Project
Recommendation
Authorize City Manager to execute grant deeds to the State of California Department of Transportation (Caltrans) for the Interstate 15/Railroad Canyon Road Interchange project and to execute certificates of acceptance for the quitclaim deeds from Riverside County Transportation Commission (RCTC) related to the Interstate 15/Railroad Canyon Road Interchange project.

Background
As part of the final close out phase for the Interstate 15/Railroad Canyon Road Interchange project, the City is required to execute these Grant of Deed and Quitclaim Deeds in order for RCTC to finalize the ROW Acquisition between stake holders and close out the project.

Discussion
Interstate 15/Railroad Canyon Road Interchange project completed construction in the summer of 2022. Grant of Deed 25710-1 and 25791-1 and Quitclaim Deed of 25710-2 are rights of way conveyance of Grape Street and Diamond Drive to Caltrans. Quitclaim deeds from RCTC are rights of way conveyance from private properties and ultimately to the City.

Fiscal Impact
No fiscal impact is associated with executing grant and quitclaim of deeds. The Construction of the project was completed in the summer of 2022.

I-15/Railroad Canyon Road Interchange Deeds

Page 2 of 2 ends

5 9
4 Attachments
Attachment 1 - Grant of Deed of 25710-1
Attachment 2 - Quitclaim Deed of 25710-2
Attachment 3 - Grant of Deed of 25791-1
Attachment 4 - Quitclaim Deeds from RCTC

RECORDING REQUESTED BY

When Recorded Mail To

STATE OF CALIFORNIA

DEPARTMENT OF TRANSPORTATION
464 W. 4th STREET, 6th FLOOR
SAN BERNARDINO, CA 92401-1400
Attention Record Maps– MS 980

FREE RECORDING:

This instrument is for the benefit of The State of
California, and is entitled to be recorded without
fee or tax. (Govt. Code 6103, 27383 and Rev. &
Tax Code 11922)

Space above this line for Recorder’s Use

08-RIv-15-PM 18.96-25710 (25710-1)

GRANT DEED District County Route Postmile Number

8 RIV 15 18.96 25710

The CITY OF LAKE ELSINORE, a municipal corporation,

hereinafter called CITY, hereby grants to the State of California, Department of Transportation, hereinafter called STATE, all that real property in the City of Lake Elsinore, County of Riverside, State of California, described as follows:

See Exhibit “A”, attached.

Number

25710-1

08-RIv-15-PM 18.96-25710 (25710-1)

Dated:

CITY OF LAKE ELSINORE

[Name of Grantor]
[Title]

[Name of Grantor]
[Title]
This is to certify that the State of California, acting by and through the Department of Transportation (according to Section 27281 of the Government Code), accepts for public purposes the real property described in this deed and consents to its recordation.

Dated

Director of Transportation

Attorney in Fact

08-RIv-15-PM 18.96-25710 (25710-1)

EXHIBIT “A”

LEGAL DESCRIPTION

That portion of Segment 2, in the southeast Quarter of Section 9, Township 6 South, Range 4 West, San Bernardino Meridian, in the City of Lake Elsinore, County of Riverside, State of California, said portion being the northeasterly 62.00 feet of land described in GRANT DEED to the State of California, recorded September 22, 1978 in Book 1978, Page 200564, Official Records of said County, shown on State Highway Map Book 8, pages 93 to 110 inclusive, on file in the District Office of the State of California, Department of Transportation, and on file in Book 8, pages 93A to 110A inclusive, Records of Riverside County, said portion more particularly shown therein on page 96 and 96A, respectively, said Segment 2 relinquished to the City of Lake Elsinore, Request No. 323 R, recorded December 2, 1982, in Book 1982, Page 209014, Official Records of Riverside County, said portion being all that portion thereof lying southwesterly of the following described line:

BEGINNING at a point in the southwesterly line of PARCEL 1, distant northwesterly thereon 127.50 feet from the most southerly corner of said PARCEL 1 as shown on PARCEL MAP 27659, filed in Book 182 of Parcel Maps, pages 89 to 92, inclusive, Records of said County, said southwesterly line being parallel with and distant northeasterly 58.00 feet, measured at right angles, from the northeasterly line of land described in said GRANT DEED; thence southeasterly along the northeasterly line of PARCEL ‘A’ as shown on last mentioned map to the most westerly corner of PARCEL 6 as shown thereon; thence continuing southeasterly along the southwesterly lines of said PARCEL 6, through its various courses, a total distance of 35.34 feet to the POINT OF TERMINUS, said terminus being the southeasterly terminus of the northerly 35.34 feet of the southwesterly line of said PARCEL 6, as described in document titled RELINQUISHMENT OF ACCESS RIGHTS recorded May 20, 2020 in Document No. 2020-0214790, Official Records of said County.

The northwesterly boundary of the hereinabove described land being a line bearing southwesterly from said point of beginning, said northwesterly boundary being perpendicular to the northeasterly line of land described in said GRANT DEED to the State of California, and the southeasterly boundary of the hereinabove described land being a radial line bearing southwesterly from said point of terminus, said radial line being radial to said southwesterly line of PARCEL 6 as shown on said parcel map.

Bearings and distances used in the above description are on the California Coordinate System, Zone 6 (Epoch 2007.00). Divide distances shown by 0.9999114321 to obtain ground level distances.

This real property description has been prepared by me, or under my direction in conformance with the Professional Land Surveyors' Act.

_________________________________________________________________________________________ James R. Rios, PLS 8823 Date
Expires:12/31/2023
03/15/2023
05/05/2023
10390 Commerce Center Drive, Suite C-190Rancho Cucamonga, CA 91730-5858(909) 303-7960 - www.towill.com

RECORDING REQUESTED BY

When Recorded Mail To

STATE OF CALIFORNIA

DEPARTMENT OF TRANSPORTATION
464 W. 4th STREET, 6th FLOOR
SAN BERNARDINO, CA 92401-1400
Attention Record Maps– MS 980

FREE RECORDING:

This instrument is for the benefit of The State of
California, and is entitled to be recorded without
fee or tax. (Govt. Code 6103, 27383 and Rev. &
Tax Code 11922)

Space above this line for Recorder’s Use

08-RIv-15-PM 18.96-25710 (25710-2)

QUITCLAIM DEED District County Route Postmile Number

8 RIV 15 18.96 25710

The CITY OF LAKE ELSINORE, a municipal corporation,

hereinafter called CITY, hereby releases and quitclaims to the State of California, Department of Transportation, hereinafter called STATE, all right, title and interest in and to all that real property in the City of Lake Elsinore, County of Riverside, State of California, described as follows:

See Exhibit “A”, attached.

Number

25710-2

08-RIv-15-PM 18.96-25710 (25710-2)

Dated: CITY OF LAKE ELSINORE

[Name of Grantor]
[Title]

Dated

Director of Transportation

Attorney in Fact

08-RIv-15-PM 18.96-25710 (25710-2)

EXHIBIT “A”

LEGAL DESCRIPTION

That portion of PARCEL ‘A’, in the southeast Quarter of Section 9, Township 6 South, Range 4 West, San Bernardino Meridian, in the City of Lake Elsinore, County of Riverside, State of California, as shown on PARCEL MAP 27659, filed in Book 182 of Parcel Maps, pages 89 to 92, inclusive, Records of said County, said portion being all that portion thereof lying southwesterly of the following described line:

BEGINNING at a point in the southwesterly line of PARCEL 1, distant northwesterly thereon 127.50 feet from the most southerly corner of said PARCEL 1 as shown on PARCEL MAP 27659, filed in Book 182 of Parcel Maps, pages 89 to 92, inclusive, Records of said County, said southwesterly line being parallel with and distant northeasterly 58.00 feet, measured at right angles, from the northeasterly line of land described in GRANT DEED to the State of California, recorded September 22, 1978 in Book 1978, Page 200564, Official Records of said County; thence southeasterly along the northeasterly line of PARCEL ‘A’ as shown on said map to the most westerly corner of PARCEL 6 as shown thereon; thence continuing southeasterly along the southwesterly lines of said PARCEL 6, through its various courses, a total distance of

35.34 feet to the POINT OF TERMINUS, said terminus being the southeasterly terminus of the northerly 35.34 feet of the southwesterly line of said PARCEL 6, as described in document titled GRANT DEED, RELINQUISHMENT OF ACCESS RIGHTS recorded May 20, 2020 in Document No. 2020-0214790, Official Records of said County.

Bearings and distances used in the above description are on the California Coordinate System, Zone 6 (Epoch 2007.00). Divide distances shown by 0.9999114321 to obtain ground level distances.

This real property description has been prepared by me, or under my direction in conformance with the Professional Land Surveyors' Act.

RECORDING REQUESTED BY

When Recorded Mail To

STATE OF CALIFORNIA

DEPARTMENT OF TRANSPORTATION
464 W. 4th STREET, 6th FLOOR
SAN BERNARDINO, CA 92401-1400
Attention Record Maps– MS 980

FREE RECORDING:

This instrument is for the benefit of The State of
California, and is entitled to be recorded without
fee or tax. (Govt. Code 6103, 27383 and Rev. &
Tax Code 11922)

Space above this line for Recorder’s Use

08-RIV-15-PM 19.16-25791 (25791-1)

GRANT DEED District County Route Postmile Number

8 RIV 15 19.16 25791-1

The CITY OF LAKE ELSINORE, a municipal corporation, hereinafter called CITY,

hereby grants to the State of California, Department of Transportation, hereinafter called STATE,

all that real property in the City of Lake Elsinore, County of Riverside, State of California, described as follows:

See Exhibit “A”, attached.

Number

25791-1

08-RIV-15-PM 19.16-25791 (25791-1)

Dated:

CITY OF LAKE ELSINORE

[Name of Grantor]
[Title]

Dated

Director of Transportation

Attorney in Fact

08-RIV-15-PM 19.16-25791 (25791-1)
Exhibit “A” page 1 of 2

EXHIBIT “A”

LEGAL DESCRIPTION

That portion of Segment 1, situated in the City of Lake Elsinore, County of Riverside, State of California, relinquished to the City of Lake Elsinore, as described in document titled RELINQUISHMENT OF HIGHWAY RIGHT OF WAY, REQUEST No. 323 R, recorded December 2, 1982 in Book 1982, Page 209014, Official Records of said County, as shown on State Highway Map Book 8, Pages 93A to 110A, inclusive, on file in the Office of the County Recorder of said County, said Segment 1 more particularly shown therein on Page 101A, said portion being all that portion thereof lying northeasterly of the following described line:

COMMENCING at the northeasterly terminus of that certain Course “B” as described in GRANT DEED to the State of California, recorded September 22, 1978 in Book 1978,

Page 200564 ends

(North 30°00’00” East 233.98 feet), said course being the southeasterly line of Railroad Canyon Road (relocated), as shown by State of California Department of Transportation MONUMENTATION MAP Number 443522, on file in Book 205, Page 054, in the Office of the County Surveyor of said County, said road now known as Diamond Drive; thence southwesterly 20.03 feet along said Course “B” to the northeasterly terminus of the southerly 19.38 feet of the northwesterly line of Parcel 1 of PARCEL MAP 20268, on file in Book 128 of Parcel Maps, pages 20 to 22, inclusive, Records of Riverside County, said northwesterly line shown as (North 30°00’00” East 39.41 feet) on RECORD OF SURVEY filed in Book 85 of Records of Survey, pages 62 and 63, in the Office of the County Surveyor of said County, said southerly 19.38 feet of said northwesterly line being reserved as an access opening to the freeway (Diamond Drive) as described in Document No. 2021-0243433, recorded April 20, 2021, Official Records of said County, said northeasterly terminus being the POINT OF BEGINNING; thence northwesterly

55.00 feet, perpendicular to said Course “B”, to the centerline of said road as shown on said State Highway Map Book 8, Page 101A; thence southwesterly 8.33 feet, along said centerline, to the intersection thereof and a line which bears southeasterly, perpendicular to said centerline, from a point in the northwesterly line of land as described in GRANT DEED recorded March 12, 2020, as Document No. 2020-0116509, Official Records of said County, said point being distant southwesterly, along said northwesterly line 54.24 feet from the most northerly corner of said land; thence northwesterly 55.00 feet, perpendicular to said centerline, to the POINT OF TERMINUS in that certain Course “A” as described in said GRANT DEED to the State of California, said Course “A” shown therein as (South 30°00’00” West 236.32 feet).

Bearings and distances used in the above description are on the California Coordinate System, Zone 6 (Epoch 2007.00). Divide distances shown by 0.9999114321 to obtain ground level distances.
08-RIV-15-PM 19.16-25791 (25791-1)
Exhibit “A” page 2 of 2

This real property description has been prepared by me, or under my direction in conformance with the Professional Land Surveyors' Act.

_________________________________________________________________________________________ James R. Rios, PLS 8823 Date
Expires:12/31/2023
05/05/2023

10390 Commerce Center Drive, Suite C-190Rancho Cucamonga, CA 91730-5858(909) 303-7960 - www.towill.com

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REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Remon Habib, City Engineer
Date: July 25, 2023
Subject: Final Construction Change Order - Hillcrest Contracting Inc. for the Active Transportation Connections and Green Streets for Spring Street Recommendation
Authorize the City Manager to execute the final construction contract change order for the Active Transportation Connections and Green Streets for Spring Street, in the amount of an additional $136,742.77, with Hillcrest Contracting Inc.

Background
On June 22, 2021, City Council approved an Agreement for Public Works Construction with Hillcrest Contracting Inc., to complete improvements associated with the Active Transportation Connections and Green Streets for Spring Street for $1,872,380.53 plus a 10% contingency of $187,238.06 resulting in a total of $2,059,618.59. This project commenced July 2022 and was completed July 2023.

Discussion
During construction there were various modifications made to the approved plans due to existing field conditions and unforeseen repairs that needed to be made.

The project replaced 400 feet of 12” corrugated metal pipe. The existing pipe was collapsed at the Pottery/Spring intersection and non-functional. The project also constructed one catch basin at the Pottery and Spring Street intersection. The catch basin was severely damaged and non-functional. In addition, staff added 4,500 S.F. of sidewalk and 1,400 feet of curb and gutter to the original scope in order to enhance the Spring Street corridor pedestrian circulation and surface drainage.

Further, the project relocated a total 44 trees in coordination with the funding agency (California Natural Resource Agency). The tree relocation resulted into additional irrigation lines to ensure proper plant establishment.

This project presented a unique opportunity to upgrade the aging infrastructure over and above the improvements on the project plans.

Final Contract Change Order Hillcrest Contracting

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Staff is requesting an additional $136,742.77, to account for the field revisions and improvements necessary to close out the project.

Fiscal Impact
The final construction contract change order for Hillcrest Contracting Inc., will result in a cost of $136,742.77.

Attachments
Attachment 1- Final Contract Change Order
Attachment 2 - Original Agreement

CONSTRUCTION CONTRACT

CHANGE ORDER
Date 07/25/2023 C.C.O FINAL 951-674-3124
130 S. MAIN STREET
LAKE ELSINORE, CA 92530
WWW.LAKE-ELSINORE.ORG

PROJECT NAME
Active Transportation Connections and
Green Streets for Spring Street
CONTRACTOR:

Hillcrest Contracting, Inc.

In conformance with and as part of the existing Agreement for this project the City of Lake Elsinore authorizes and directs changes to the Agreement as described below. 1) EXTRA WORK ORDER (EWO) (Unknown or Unforeseen Work not covered by Contract) a) Extra Work Item A
2)CHANGED WORK ORDER (CWO) (Significant increases in quantity of Unit-Price items; greater than 25%):
a) Changed Work Item A
i) Time for completion will be increased/decreased by (+-) Zero (0) Working Days 3) CLOSING SUMMARY ORDER (CSO) (Final adjustment of original estimated contract quantities based on final measured quantities):
a) Closing Summary Order: Final Adjustment for revised work i) Payment for this work is paid as follows:

Total = $136,742.77
AGREEMENT AMOUNT: Compensation as set
forth in the Agreement and as amended by
this and prior Contract Change Order(s) is:
$2,196,361.36
Original Contract Amount: $1,872,380.53
Amount All Previous CCOs (+-): $187,238.06
Amount This CCO (+-): $136,742.77
Total Contract Amount: $2,196,361.36
CITY’S ACCEPTANCE: The above described
work is hereby approved and directed to be
completed in accordance with the Contract
Documents.

City of Lake Elsinore
Rec.: _______________________________
City Engineer Date
App.: _______________________________
City Manager Date
CONTRACTOR’S ACCEPTANCE: Contractor agrees to perform
the above work as directed, in accordance with the
Contract Documents, and accept payment described above
as full compensation for work described subject to
additions and reductions of the quantities of various items.

Contractor: Hillcrest Contracting, Inc.

By __________________________________________
Title: ________________________________________
Date: ________________________________________

1 Agreement No. __________

AGREEMENT FOR PUBLIC WORKS CONSTRUCTION

Hillcrest Contracting, Inc.

For the

Active Transportation
Connections and Green
Streets for Spring Street

CIP PROJECT NO. Z10058

This Agreement for Public Works Construction (“Agreement”) is made and entered into as of June 22, 2021 by and between the City of Lake Elsinore, a municipal corporation (“City”) and Hillcrest Contracting, Inc., a Corporation (“Contractor”).

The City and Contractor, in consideration of the mutual promises and covenants set forth herein, agree as follows:

1. The Project and Project Documents. Contractor agrees to construct the following public improvements (“work”) identified as:

Active Transportation Connections and Green Streets for Spring Street (the “Project”)

The City-approved plans for the construction of the Project, which are incorporated herein by reference and prepared by KTUA, are identified as:

Active Transportation Connections and Green Streets for Spring Street The Project Documents include this Agreement and all of the following: (1) the Notice Inviting Bids, Instructions to Bidders, Bid Documents including Bidder’s Proposal as submitted by the Contractor, Contract Documents, General Specifications, Special Provisions, and all attachments and appendices; (2) everything referenced in such documents, such as specifications, details, standard plans or drawings and appendices, including all applicable State and Federal requirements; (3) all required bonds, insurance certificates, permits, notices, and affidavits; and (4) any and all addenda or supplemental agreements clarifying, amending or extending the work contemplated as may be required to insure completion in an acceptable manner. All of the provisions of the above-listed documents are made a part of this Agreement as though fully set forth herein.

2. Compensation.

a. For and in consideration of the payments and agreements to be made and performed by City, Contractor agrees to construct the Project, including furnishing all materials and performing all work required for the Project, and to fulfill all other obligations as set forth in the Bidder’s Proposal, such contract price being One Million Eight Hundred Seventy- Two Thousand Three Hundred Eighty and 43/100 dollars ($1,872,380.43).

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2 b. City hereby promises and agrees to employ, and does hereby employ, Contractor to provide the materials, do the work, and fulfill the obligations according to the terms and conditions herein contained and referred to, for the prices set forth, and hereby contracts to pay the same at the time, in the manner, and upon the conditions set forth in the Project Documents.

c. Contractor agrees to receive and accept the prices set forth in the Bidder’s Proposal as full compensation for furnishing all materials, performing all work, and fulfilling all obligations hereunder. Such compensation shall cover all expenses, losses, damages, and consequences arising out of the nature of work during its progress or prior to its acceptance including those for well and faithfully completing the work and the whole thereof in the manner and time specified in the Project Documents; and also including those arising from actions of the elements, unforeseen difficulties or obstructions encountered in the prosecution of the work, suspension or discontinuance of the work, and all other unknowns or risks of any description connected with the work.

3. Completion of Work.

a. Contractor shall perform and complete all work within Ninety (90) working days from the date of commencement specified in the Notice to Proceed, and shall provide, furnish and pay for all the labor, materials, necessary tools, expendable equipment, and all taxes, utility and transportation services required for construction of the Project.

b. All work shall be performed and completed in a good workmanlike manner in strict accordance with the drawings, specifications and all provisions of this Agreement as hereinabove defined and in accordance with applicable laws, codes, regulations, ordinances and any other legal requirements governing the Project.

c. Contractor shall not be excused with respect to the failure to so comply by any act or omission of the City, the City Engineer, a City inspector, or a representative of any of them, unless such act or omission actually prevents the Contractor from fully complying with the requirements of the Project Documents, and unless the Contractor protests at the time of such alleged prevention that the act or omission is preventing the Contractor from fully complying with the Project Documents. Such protest shall not be effective unless reduced to writing and filed with the City within three (3) working days of the date of occurrence of the act or omission preventing the Contractor from fully complying with the Project Documents.

d. City and Contractor recognize that time is of the essence in the performance of this Agreement and further agree that if the work called for under the Agreement is not completed within the time hereinabove specified, damages will be sustained by the City and that, it is and will be impracticable or extremely difficult to ascertain and determine the actual amount of damages the City will sustain in the event of, and by reason of, such delay. It is, therefore, agreed that such damages shall be presumed to be in the amount of Five Hundred dollars ($500.00) per calendar day, and that the Contractor will pay to the City, or City may retain from amounts otherwise payable to Contractor, such amount for each calendar day by which the Contractor fails to complete the work, including corrective items of work, under this Agreement within the time hereinabove specified and as adjusted by any changes to the work.

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3 4. Changes to Work. City and Contractor agree that the City may make changes to the work, or suspend the work, and no matter how many changes, such changes or suspensions are within the contemplation of the Contractor and City and will not be a basis for a compensable delay claim against the City nor be the basis for a liquidated damage claim against the Contractor.

Any change to the work shall be by way of a written instrument (“change order”) signed by the City and the Contractor, stating their agreement to the following:

a. The scope of the change in the work;

b. The amount of the adjustment to the contract price; and

c. The extent of the adjustment to the Schedule of Performance.

The City Engineer is authorized to sign any change order provided that sufficient contingency funds are available in the City’s approved budget for the Project. All change in the work authorized by the change order shall be performed under the applicable conditions of the Project Documents. City and Contractor shall negotiate in good faith and as expeditiously as possible the appropriate adjustments for such changes.

5. Bonds. Contractor shall provide, before commencing work, a Faithful Performance Bond and a Labor and Material Bond, each for one-hundred percent (100%) of the contract price in the form that complies with the Project Documents and is satisfactory to the City Attorney.

6. Non-Assignability. Neither this Agreement nor any rights, title, interest, duties or obligations under this Agreement may be assigned, transferred, conveyed or otherwise disposed of by Contractor without the prior written consent of City.

7. Licenses. Contractor represents and warrants to City that it holds the contractor’s license or licenses set forth in the Project Documents, is registered with the Department of Industrial Relations pursuant to Labor Code Section 1725.5, and holds such other licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Contractor. 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.

8. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, the County and Board Supervisors, 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
DocuSign Envelope ID: 4C86A84D-03BA-41F6-BF13-B22FBDDB22A8

4 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.

9. Insurance Requirements.

a. Insurance. Contractor, at Contractor’s own cost and expense, shall procure and maintain, for the duration of the Agreement, 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. Commercial 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 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.

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5 iv. Builder’s Risk Coverage. Prior to the commencement of any construction of the Project, Design-Builder shall obtain (or cause to be obtained) and keep in force during the term of any construction, builder’s risk insurance insuring for all risks of physical loss of or damage (excluding the perils of earthquake and flood).

v. 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 consultants.

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 commercial 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. 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.

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.

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 DocuSign Envelope ID: 4C86A84D-03BA-41F6-BF13-B22FBDDB22A8

6 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.

10. 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: Hillcrest Contracting, Inc.

Attn:Glenn Salsbury
1467 Circle City Dr.

Corona, CA 928779

11. Entire Agreement. This Agreement constitutes the complete and exclusive statement of agreement between the City and Contractor. All prior written and oral communications, including correspondence, drafts, memoranda, and representations, are superseded in total by this Agreement.

12. 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.

13. Assignment and Subcontracting. Contractor shall be fully responsible to City for all acts or omissions of any subcontractors. Assignments of any or all rights, duties for obligations of the Contractor under this Agreement will be permitted only with the express consent of the City. 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.

14. 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.

15. 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.

16. 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.

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7 17. 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.

18. 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.

19. Authority to Enter Agreement and Administration. 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) non-monetary changes in the scope of services; and/or (d) suspend or terminate the Agreement. The City Engineer shall act as the Project administrator on behalf of the City.

20. 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.

21. 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.

22. Prevailing Wages.

a. Contractor and all subcontractors shall adhere to the general prevailing rate of per diem wages as determined and as published by the State Director of the Department of Industrial Relations pursuant to Labor Code Sections 1770, 1773, and 1773.2. Copies of these rates and the latest revisions thereto are on file in the office of the City Clerk of the City of Lake Elsinore and are available for review upon request.

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8 b. Contractor's attention is directed to the provisions of Labor Code Sections 1774, 1775, 1776, 1777.5 and 1777.6. Contractor shall comply with the provisions of these Sections. The statutory provisions for penalties for failure to comply with the State's wage and the hours laws will be enforced.

c. Labor Code Sections 1774 and 1775 require the Contractor and all subcontractors to pay not less than the prevailing wage rates to all workmen employed in the execution of the contract and specify forfeitures and penalties for failure to do so. The minimum wages to be paid are those determined by the State Director of the Department of Industrial Relations. Labor Code Section 1776 requires the Contractor and all subcontractors to keep accurate payroll records, specifies the contents thereof, their inspection and duplication procedures and certain notices required of the Contractor pertaining to their location. The statutory penalties for failure to pay prevailing wages will be enforced. If the Project has been awarded to Contractor on or after April 1, 2015, Contractor and its subcontractors must furnish electronic certified payroll records to the Labor Commissioner. Beginning January 1, 2016, Contractor and its subcontractors must furnish electronic certified payroll records to the Labor Commissioner without regard to when the Project was awarded to Contractor.

d. Labor Code Section 1777.5 requires Contractor or subcontractor employing tradesmen in any apprenticeable occupation to apply to the Joint Apprenticeship Committee nearest the site of the public works project, which administers the apprenticeship program in that trade for a certificate of approval. The certificate will also fix the ratio of apprentices to journeymen to be used in the performance of the Agreement. The Contractor is required to make contributions to funds established for the administration of apprenticeship programs if the Contractor employs registered apprentices or journeymen in any apprenticeable trade and if other contractors on the public works site are making such contributions.

Information relative to apprenticeship standards, contributions, wage schedules and other requirements may be obtained from the State Director of Industrial Relations or from the Division of Apprenticeship Standards. Labor Code Section 1777.6 provides that it shall be unlawful to refuse to accept otherwise qualified employees as registered apprentices solely on the grounds of race, religious creed, color, national origin, ancestry, sex, or age.

e. Eight hours labor constitutes a legal day's work, as set forth in Labor Code Section 1810.

23. Execution. 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.

[Signatures on next page]
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9 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
“CONTRACTOR”
Hillcrest Contracting, Inc. a Corporation

City Manager

ATTEST:

By: Glenn Salsbury
Its: President

City Clerk

APPROVED AS TO FORM:

By:

Its:

City Attorney

EXHIBIT A

CONTRACTOR’S PROPOSAL
[ATTACHED]
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EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
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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
1467 CIRCLE CITY DR Business Type:

CORONA, CA 92879-1668

HILLCREST CONTRACTING INC
P.O.BOX 1898
CORONA, CA 92878
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

HILLCREST CONTRACTING INC

GLENN SALSBURY

LINDY LINDHOLM

GENERAL BUILDING CONTRACTOR

GENERAL CONTRACTOR
021082
8/1/2021 7/31/2022
Starting January 1, 2021, Assembly Bill 1607 requires the prevention of gender -based discrimination of business establishments. A full notice is available in English or other languages by going to: https://www.dca.ca.gov/publications/ DocuSign Envelope ID: 4C86A84D-03BA-41F6-BF13-B22FBDDB22A8

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Remon Habib, City Engineer
Date: July 25, 2023
Subject: Purchase of Real Property for Drainage Purposes (APN 378-030-027) Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, APPROVING THE ACQUISITION OF ONE RIVERSIDE COUNTY TAX- DEFAULTED PROPERTY FOR THE APPROXIMATE PURCHASE PRICE OF $57,000.00 PLUS ASSOCIATED ADMINISTRATIVE COSTS FOR ASSESSOR PARCEL NUMBER 378-030-027.

Background
APN 378-030-027 is located along Collier Avenue. The parcel is to the west, adjacent to the Collier Avenue Business Center. The area surrounding the parcel is subject to repeated runoff from the adjacent I-15 storm drain system. The parcel is in tax-default and is available for purchase from the County of Riverside.

Discussion
APN 378-030-027 is described as Parcel 1 of Parcel Map 32991. The existing storm drain culvert within Collier Avenue is undersized and the road is subject to inundation during heavier rain events. The location of this parcel is ideal to receive drainage flows from a secondary storm drain culvert. The culvert outlet will be located within the subject parcel. When constructed, the culvert in Collier Avenue will provide needed flooding relief and erosion control to the existing area.

Fiscal Impact
The approximate purchase price is $57,000.00 plus customary administrative and closing costs.

Funding is allocated under the City’s Drainage Fund.

Purchase of Real Property 378-030-027

Page 2 of 2 ends

6 2
3 Attachments
Attachment 1 - Resolution
Exhibit A – Agreement to Purchase
Attachment 2 - Vicinity Map
RESOLUTION NO. 2023-___

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

CALIFORNIA, APPROVING THE ACQUISITION OF ONE RIVERSIDE

COUNTY TAX-DEFAULTED PROPERTY FOR THE APPROXIMATE
PURCHASE PRICE OF $57,000.00 PLUS ASSOCIATED ADMINISTRATIVE COSTS FOR ASSESSOR PARCEL NUMBER 378-030-027
Whereas, the City of Lake Elsinore expresses interest in acquiring tax-defaulted property from the County of Riverside, California under Chapter 8 of the State Revenue and Taxation Code; and
Whereas, the tax-defaulted property is located within the City of Lake Elsinore, as shown on Exhibit A, attached; and
Whereas, the intended purpose of acquisition for the tax-defaulted property identified as Assessor Parcel Number 378-030-027 located off Collier Avenue in the amount of $57,000.00 is for the planned construction of an underground culvert outlet; and Whereas, the in addition to the total purchase price of $57,000.00 for the property, the cost for the Notice of the Agreement to Purchase Tax-Defaulted Property shall be paid by the City of Lake Elsinore; and

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

Section 1. Interest to Acquire. The City of Lake Elsinore expresses interest in acquiring the tax-defaulted property known as APN 378-030-027.

Section 2. Authority to Proceed. The City Manager is authorized to proceed with the acquisition and execute all related documents including an Agreement to Purchase Tax-Defaulted Property through the County of Riverside Treasurer-Tax Collector (Attached as Exhibit A).

Section 3. Effective Date. This Resolution shall take effect immediately upon its adoption.

Section 4. The City Clerk 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 City Council of the City of Lake Elsinore, California, this 25th day of July 2023.

Natasha Johnson, Mayor
Attest:
___________________________________
Candice Alvarez, MMC
City Clerk
CC Reso. No. 2023-___

Page 2 ends

3 1
6 4
8 STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )

I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2023-____ was adopted by the City Council of the City of Lake Elsinore, California, at the regular meeting of July 25, 2023, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

COLLIERAVENUERIVERSIDE

Page 1 of 1 ends

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: July 25, 2023
Subject: SA Warrant Report Dated Jun 16, 2023, to Jun 22, 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 Listing
JUN 16, 2023 TO JUN 22, 2023 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III -$
540 SARDA DIAMOND STADIUM 80,747.53
GRAND TOTAL 80,747.53$
Attachment 1 1 of 1
JUN 16, 2023 TO JUN 22, 2023 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23004217 CED LAGUNA 239.49$
APA23004261 SPORTSFIELD SPECIALTIES 80,508.04
GRAND TOTAL 80,747.53$
Attachment 2 1 OF 1

Page 1 of 1 ends

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: July 25, 2023
Subject: SA Warrant Report Dated Jun 23, 2023, to Jun 29, 2023 Recommendation
Receive and File.

Discussion
The Warrant Report lists all general checks issued for the Successor 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 Listing
JUN 23, 2023 TO JUN 29, 2023 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III -$
540 SARDA DIAMOND STADIUM 52,349.11
GRAND TOTAL 52,349.11$
Attachment 1 1 of 1
JUN 23, 2023 TO JUN 29, 2023 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA23004317 UNIQUE BUILDERS OF CALIFORNIA 4,450.00$
APA23004318 UNITED CARPORTS, LLC 15,452.70
APA23004310 SOUTHERN CALIFORNIA EDISON 183.07
APA23004280 AMBER AIR CONDITIONING 26,428.20
5642 ENDRESEN DEVELOPMENT 5,835.14
GRAND TOTAL 52,349.11$
Attachment 2 1 OF 1

Page 1 of 1 ends

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: July 25, 2023
Subject: SA Investment Report for June 2023
Recommendation
Receive and file the Investment Report for June 2023.

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

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1- Investment Report for June 2023

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT CHECKS BALANCE
Bank Accounts:

General Checking Account 6,568,738 $ 178,117 $ (208,923) $ 6,537,932 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 6,568,738 178,117 (208,923) 6,540,232

INVESTMENTS
Local Agency Investment Funds 73,059,580 - - 73,059,580 CAMP Investments:

Jason P. Simpson July 13, 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 June 30, 2023

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 June 30, 2023

FUND NO FUND NAME AMOUNT

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

MAXIMUM DIVERSIFICATION CURRENT

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 June 30, 2023

Local Agency Investment Fund

64.47%
Agencies

20.37%
Certificates of
Deposit/Bank Notes

6.96%
Time
Deposits

2.89%
Commercial
Paper

4.87%
Corporate
Bonds

0.25%
Loans

Pooled Money Investment Account
Monthly Portfolio Composition (1)
05/31/23
$179.6 billion

Yield Purchase Date Maturity Rate

3.167% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 60,059,580$ 13,000,000 $ 73,059,580 $ 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 June 30, 2023
CAMP
Investment Portfolio

For the Month Ending June 30, 2023Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
19,445.64
2,116,482.59
(2,036,389.45)

0.20%
CAMP Pool

99.80%
CAMP Managed
Account

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Lake Elsinore City CouncilJuly 25, 2023

Lake Elsinore City Council
July 25, 2023