Agenda packet — Lake Elsinore City Council, March 26, 2024 (part 1 of 4)

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

March 26, 2024
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 2nd and 4th 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.lakeelsinore.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/citygovernment/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@lakeelsinore.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 March 26, 2024
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 March 26, 2024
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: (2 potential cases)
B. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code Section 54956.8)
Property: APNs: 365-030-041
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Liberty Founders, LLC Under negotiation: Price and terms of payment
C. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 365-030-045
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Barbara Ann Williams Trust / Sele Family Trust Dtd 11/4/16
Under negotiation: Price and terms of payment
D. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 370-020-003
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and JLJ LP
Under negotiation: Price and terms of payment
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

ROLL CALL

CLOSED SESSION REPORT
City Council Agenda - Final March 26, 2024
City of Lake Elsinore Page 4

PRESENTATION
1) Innovation Month
Present a Proclamation proclaiming the month of April 2024 as “Innovation Month” in the City of Lake Elsinore.

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 March 12, 2024 and Special City Council Meeting of March 14, 2024
Approve the Minutes.
3) CC Warrant Report Dated February 09, 2024, to February 29, 2024 Receive and file.
4) CC Investment Report February 2024
Receive and file the Investment Report for February 2024. 5) Agreement with GMS Elevator Services Inc. for repairing the Damaged Elevator at Rosetta Canyon Sports Park
Approve and authorize the City Manager to execute the Contractor Services Agreement with GMS Elevator Services Inc. for the repair of the damaged elevator at Rosetta Canyon Sports Park for a not-to-exceed amount of $151,265.00 in such final form as approved by the City Attorney; and authorize the City Manager to execute change orders not exceeding a 10% contingency of $15,126.50 for uncertainties and adjustments.
6) Notice of Completion on Roof Replacement for Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Sports Park (CIP Project #Z20005) Accept the improvements to the Roof Replacement Projects at Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Sports Park (CIP #Z20005) completed by Don Luginbill Roofing, Inc. and authorize the City Clerk to record the Notice of Completion.
7) Notice of Completion on Roof & Window Replacement at Senior Center (CIP Project #Z20005)
Accept the improvements to the Senior Center Roof & Window Replacement Project (CIP #Z20005) completed by Owen James Construction Inc. and authorize the City Clerk to record the Notice of Completion.

City Council Agenda - Final March 26, 2024
City of Lake Elsinore Page 5
8) Agreement with Ascent Environmental, Inc. to Prepare a New Climate Action and Adaptation Plan (CAAP)
Approve and authorize the City Manager to execute a Professional Services Agreement with Ascent Environmental, Inc. in an amount not to exceed $330,000 for the preparation of a new Climate Action and Adaptation Plan in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $33,000 for unanticipated costs. 9) Community Service Master Plan Update Agreement with BerryDunn, LLC Approve and authorize the City Manager to execute the Professional Services Agreement with BerryDunn in an amount not to exceed $291,260 for CSD Master Plan Update in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $29,126 for uncertainties and adjustments.
10) Parcel Map 38195, Evergreen Commercial Development
Approve Parcel Map 38195 subject to City Engineer’s acceptance as being true and correct and authorize the City Clerk to sign the map and arrange for recordation. 11) Agreement with SAS Construction for the Concrete Footings and Foundation, Bid Set ‘A’ on the New City Hall Project (CIP Project #Z20006) Approve and authorize the City Manager to execute a Public Works Construction Agreement with SAS Construction in an amount not to exceed $2,690,000.00 for the concrete footings and foundation, bid set ‘A’, on the new City Hall Project (CIP Project #Z20006) in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $269,000.00 for uncertainties and adjustments.
12) Agreement with SCW Contracting Corporation for the Structural Steel, Bid Set ‘B’, on the New City Hall Project (CIP Project #Z20006) Approve and authorize the City Manager to execute a Public Works Construction Agreement with SCW Contracting Corporation in an amount not to exceed $5,101,924.00 for the structural steel, bid set ‘B’, on the new City Hall Project (CIP Project #Z20006) in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $510,192.00 for uncertainties and adjustments.

SUCCESSOR AGENCY CONSENT CALENDAR
13) Minutes of the Regular Successor Agency Meeting of March 12, 2024 Approve the Minutes.
14) SA Warrant Report Dated February 09, 2024, to February 29, 2024 Receive and file.

City Council Agenda - Final March 26, 2024
City of Lake Elsinore Page 6
15) SA Investment Report for February 2024
Receive and file the Investment Report for February 2024.

PUBLIC HEARINGS
16) Extension of Time Request for Tentative Tract Map No. 38116 and Residential Design Review No. 2021-02 (Lakeside Residential Project)

1. Find that pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15162 and Public Resources Code Section 21166, the extension of time request is within the scope of the previously adopted Mitigated Negative Declaration (MND) (ER 2021-02) (SCH NO. 2021110300) and that the preparation of any further environmental review is not required;

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

ELSINORE, CALIFORNIA, APPROVING A TWO-YEAR EXTENSION OF TIME TO FEBRUARY 8, 2026 FOR TENTATIVE TRACT MAP NO. 38116; and

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

ELSINORE, CALIFORNIA, APPROVING A TWO-YEAR EXTENSION OF TIME TO FEBRUARY 8, 2026 FOR RESIDENTIAL DESIGN REVIEW NO. 2021-02. 17) Appeal of the Planning Commission's Action to Deny Planning Application No. 2022-02 (Ambassador Discipleship Center) to remodel an existing 14,565 sq. ft. four-story building with a 2,087 sq. ft. addition (16,652 sq. ft. total) and a 3,906 sq. ft. storage building and to establish and operate a congregate living and educational facility located at 164 and 184 South Main Street

1. Deny the Appeal and Uphold the Planning Commission’s Action to Deny Conditional Use Permit No. 2022-21 and Commercial Design Review No. 2022-14; or

2. Approve the Appeal and Reverse the Planning Commission’s Action and Approve Conditional Use Permit No. 2022-21 and Commercial Design Review No. 2022-14.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
(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 MANAGER COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
City Council Agenda - Final March 26, 2024
City of Lake Elsinore Page 7

ADJOURNMENT
The Lake Elsinore City Council will adjourn to the next Regular meeting of Tuesday, April 9, 2024 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, March 21, 2024. _________________________
Candice Alvarez, MMC
City Clerk

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: (2 potential cases)

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: March 26, 2024
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: (2 potential cases)
B. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code Section 54956.8)
Property: APNs: 365-030-041
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Liberty Founders, LLC Under negotiation: Price and terms of payment

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: March 26, 2024
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code Section 54956.8)
Property: APNs: 365-030-041
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Liberty Founders, LLC Under negotiation: Price and terms of payment
C. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 365-030-045
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Barbara Ann Williams Trust / Sele Family Trust Dtd 11/4/16
Under negotiation: Price and terms of payment

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: March 26, 2024
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 365-030-045
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Barbara Ann Williams Trust / Sele Family Trust Dtd 11/4/16
Under negotiation: Price and terms of payment
D. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 370-020-003
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and JLJ LP
Under negotiation: Price and terms of payment

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: March 26, 2024
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 370-020-003
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and JLJ LP
Under negotiation: Price and terms of payment
1) Innovation Month
Present a Proclamation proclaiming the month of April 2024 as “Innovation Month” in the City of Lake Elsinore.

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: Candice Alvarez, MMC, City Clerk
Date: March 26, 2024
Subject: Innovation Month
Recommendation
Present a Proclamation proclaiming the month of April 2024 as “Innovation Month” in the City of Lake Elsinore.

Attachments
Attachment 1- Proclamation
Innovation Month
WHEREAS, the City of Lake Elsinore recognizes that Riverside County has become a hub of innovation, technology and entrepreneurial activities that needs to be highlighted and shared throughout California. The City of Lake Elsinore recognizes and acknowledges the value of creating an environment that helps support innovation, technology, and entrepreneurship. With many great advances in these fields, the City of Lake Elsinore will proclaim the month of April, 2024 as Innovation Month;
WHEREAS, Riverside County is the fourth largest county in California and encompasses twenty-eight cities, numerous Tribal Governments, and several major universities and esteemed community colleges. Riverside County is home to March Air Reserve Base and the Naval Surface Warfare Center - Corona Division, who work closely with our educational institutions and offer entrepreneurial opportunities with military research, development, and technology transfer;
WHEREAS, our thriving entrepreneurial ecosystem is forged through partnerships with businesses, cities, chambers of commerce, and strategic partners that help make Riverside County a place for innovation and entrepreneurship; and WHEREAS, several innovative and entrepreneurial activities and events are scheduled throughout Riverside County in the month of April and will be featured on a calendar managed by the Riverside County Office of Economic Development in partnership with the City of Lake Elsinore’s Office of Economic Development. This month-long showcase has been coordinated by the County of Riverside, city municipalities, and related organizations to provide outreach and bring awareness to the various innovative and entrepreneurial activities and events that are occurring within our communities.

NOW, THEREFORE, the City Council of the City of
Lake Elsinore, California, does hereby proclaim the
month of April 2024 as “Innovation Month” in the
City of Lake Elsinore, and encourages our
community to embrace, motivate, and support our
region’s efforts to become a hub of innovation,
technology, and entrepreneurship in order to thrive
and provide the highest quality of life for generations to come.

Steve Manos, Mayor

2) Minutes of the Regular City Council Meeting of March 12, 2024 and Special City Council Meeting of March 14, 2024
Approve the 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: Candice Alvarez, MMC, City Clerk
Date: March 26, 2024
Subject: Minutes of the Regular City Council Meeting of March 12, 2024 and Special City Council Meeting of March 14, 2024
Recommendation
Approve the Minutes.

Attachments
Attachment 1 – 03-12-2024 Draft Minutes
Attachment 2 – 03-14-2024 SM Draft Minutes
City of Lake Elsinore
City Council Meeting
Minutes – Draft
Steve Manos, Mayor
Brian Tisdale, Mayor Pro Tem
Timothy J. Sheridan, Council Member
Natasha Johnson, Council Member
Robert E. Magee, Council Member
Jason Simpson, City Manager
Meeting Date:

March 12, 2024
Closed Session: 5:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530

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

ROLL CALL

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

Absent: 0 - None

PUBLIC COMMENTS FOR CLOSED SESSION ITEMS
There were no speakers.

CLOSED SESSION - 5:00 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
B. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APN: 371-100-015
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Liberty Founders Under negotiation: Price and terms of payment
C. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs: 371-100-004, 373-210-045, -032, -018
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Western Riverside County Regional Conservation Authority
Under negotiation: Price and terms of payment
City Council Minutes - Draft March 12, 2024
City of Lake Elsinore Page 2
D. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs: 374-272-003 and -004
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Hsi His Chen, Chih I. Hsieh, Steven Hsieh & Irene Siu Lan Hsieh
Under negotiation: Price and terms of payment
E. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APN: 374-263-001
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and David & Dianne Reynolds Under negotiation: Price and terms of payment
F. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs: 374-263-002, -005 and -006
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Li Li
Under negotiation: Price and terms of payment

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

PLEDGE OF ALLEGIANCE
Mayor Manos led the Pledge of Allegiance.

ROLL CALL

Present: 5 - Council/Agency Members Johnson, Magee, and Sheridan; Mayor Pro Tem/Vice Chair Tisdale; and Mayor/Chair Manos

Absent: 0 - None

CLOSED SESSION REPORT
City Attorney Leibold reported that six items were discussed; however, no reportable action was taken.

PRESENTATIONS/CEREMONIALS
1) 2024 Draft Traffic Relief Plan
Receive a presentation from Riverside County Transportation Commission’s Deputy Executive Director Aaron Hake.

Executive Director Anne Mayer presented the 2024 Draft Traffic Relief Plan.

City Council Minutes - Draft March 12, 2024
City of Lake Elsinore Page 3
PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
Jessica Puckett was called to speak.

Cole Everi Mann was called to speak.

Kentrell Barnes was called to speak.

Ace Vallejos was called to speak.

CITY COUNCIL CONSENT CALENDAR
A motion was made by Council Member Johnson, seconded by Council Member Magee to approve the City Council Consent Calendar with Agenda Item No. 6 being removed for discussion. The motion Carried by the following vote:

Aye: 5 Council Members Johnson, Magee, and Sheridan; Mayor Pro Tem Tisdale; and Mayor Manos
Nay: 0 None
2) Minutes of the Special City Council Meeting of February 22, 2024 and Regular City Council Meeting of February 27, 2024
Approve the Minutes.

This item was approved on the City Council Consent Calendar. 3) CC Warrant Report Dated February 02, 2024 to February 08, 2024 Receive and File.

This item was approved on the City Council Consent Calendar. 4) CC Investment Report for January 2024
Receive and file the Investment Report for January 2024.

This item was approved on the City Council Consent Calendar. 5) Second Reading of an Ordinance Increasing City Council Compensation Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING LAKE ELSINORE MUNICIPAL CODE (LEMC) SECTION 2.08.020 FOR THE PURPOSE OF INCREASING CITY COUNCIL COMPENSATION TO $1,600 PER MONTH.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft March 12, 2024
City of Lake Elsinore Page 4
6) Appointment of City Treasurer to Complete the Current Term and Receive Additional Information Regarding Whether the Position of City Treasurer Should Be Elective or Appointive

1. Approve the Budget Subcommittee's recommendation to appoint Edwin Castro as the City Treasurer to complete a term ending in December 2024; and

2. Direct staff to prepare a Resolution with proposed ballot measure wording to change the City Treasurer position from elective to appointive to be submitted to the Riverside County Regisrar of Voters for inclusion on the November 5, 2024 General Municipal Election ballot.

This item was removed from the City Council Consent Calendar for discussion. 7) Reimbursement of Low and Moderate Income Housing Asset Fund for Spring Street Properties to Be Utilized as Parking for New Library Project

1. Find that the twelve City parcels located on Spring Street between Sumner and Heald adjacent to the flood control channel (APN 374-162-039, -041, -043, -045, - 047, -049, -051, -053, -055, -057, -059, and -061) are not suitable for affordable housing purposes and can best serve and promote the health, safety, and welfare of City residents by providing necessary parking for the new downtown Library project; and

2. Authorize and direct the City Manager to reimburse the Low and Moderate Income Housing Asset Fund in the amount of $350,000.

This item was approved on the City Council Consent Calendar. 8) Professional Services Agreement with Inland Foundation Engineering, Inc. for Geotechnical Investigation Services of the New City Library Project (CIP Project Z20003)
Approve and authorize the City Manager to execute a Professional Services Agreement with Inland Foundation Engineering, Inc. in the amount of $18,000.00 for Geotechnical Investigation Services of the New City Library Project in such final form as approved by the City Attorney; and authorize the City Manager to approve change orders up to 10% of the agreement in the amount of $1,800.00.

This item was approved on the City Council Consent Calendar. 9) Professional Services Agreement with Engineering Resources of Southern California, Inc. (ERSC) for the Civil Engineering Services of the City Park Parking Lot Project (CIP Project Z40037)
Approve and authorize the City Manager to execute a Professional Services Agreement with Engineering Resources of Southern California, Inc. (ERSC) for Civil Engineering Services of the City Park Parking Lot Project (CIP Project Z40037) in an amount not to exceed $97,760.00 as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $9,776.00 for unanticipated costs.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft March 12, 2024
City of Lake Elsinore Page 5
10) Notice of Decision – Planning Commission Approval of Planning Application No. 2023-36 (Lake Oasis Spa) for a Conditional Use Permit for a new massage establishment within a 1,530 sq. ft. suite within an existing multi-tenant building located at 31900 Mission Trail
Receive and File the Notice of Decision for Planning Application No. 2023-36, approved by the Planning Commission on February 6, 2024.

This item was approved on the City Council Consent Calendar. 11) Amendment No. 1 to the Professional Services Agreement with HELIX Environmental Planning, Inc. for the Mary McDonald Senior Apartments Project Approve and authorize the City Manager to execute Amendment No. 1 to the Agreement for Professional Services with HELIX Environmental Planning, Inc. for additional services to prepare National Environmental Policy Act (NEPA) compliance documents for a total contract amount not to exceed $67,150, in final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 12) Amendment No. 1 to the Agreement for Professional Services with STC Traffic, Inc. for Traffic Signal Coordination Timing Plans for I-15/Main Street Interchange Approve and authorize the City Manager to execute Amendment No. 1 to Professional Design Services Agreement with STC Traffic, Inc. for $27,000 for additional required effort to develop and implement traffic signal coordination timing plans associated with the Main Street Interchange Project in such final form as approved by the City Attorney, plus an additional 10% contingency for unforeseen expenditures.

This item was approved on the City Council Consent Calendar. 13) Professional Services Agreement With EGP Consulting, Inc., for Environmental Services on the I-15 Main Street Interchange Landscape Improvement Project Approve and authorize the City Manager to execute an agreement with EGP Consulting, Inc., in an amount not to exceed $39,673.60 for Environmental Services for the I-15 Main Street Interchange Landscape Improvement Project in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $3,967.36 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft March 12, 2024
City of Lake Elsinore Page 6

ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR DISCUSSION 6) Appointment of City Treasurer to Complete the Current Term and Receive Additional Information Regarding Whether the Position of City Treasurer Should Be Elective or Appointive

1. Approve the Budget Subcommittee's recommendation to appoint Edwin Castro as the City Treasurer to complete a term ending in December 2024; and

City Clerk Alvarez presented the staff report.

A motion was made by Council Member Johnson, seconded by Council Member Magee to approve The motion Carried by the following vote:

Aye: 5 Council Members Johnson, Magee, and Sheridan; Mayor Pro Tem Tisdale; and Mayor Manos
Nay: 0 None

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

Aye: 5 Agency Members Johnson, Magee, and Sheridan; Vice Chair Tisdale; and Chair Manos
Nay: 0 None
14) Minutes of the Regular Successor Agency Meeting of February 27, 2024 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar. 15) SA Investment Report for January 2024
Receive and file the Investment Report for January 2024.

This item was approved on the Successor Agency Consent Calendar. 16) SA Warrant Report Dated February 02, 2024 to February 08, 2024 Receive and File.

This item was approved on the Successor Agency Consent Calendar.

City Council Minutes - Draft March 12, 2024
City of Lake Elsinore Page 7

PUBLIC HEARING
17) Extension of Time Request for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-27 (Lake and Mountain Commercial Center)

1. Find that pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15162, the extension of time request would not have a significant effect on the environment and no new environmental documentation is necessary because all potentially significant effects have been adequately analyzed in a previously certified Environmental Impact Report (ER 2020-03) (SCH No. 2020080538);

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

ELSINORE, CALIFORNIA, APPROVING A TWO-YEAR EXTENSION OF TIME FOR TENTATIVE TRACT MAP NO. 37922 TO JANUARY 25, 2026;

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

ELSINORE, CALIFORNIA, APPROVING A TWO-YEAR EXTENSION OF TIME FOR CONDITIONAL USE PERMIT NO. 2019-19 TO JANUARY 25, 2026; and

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

ELSINORE, CALIFORNIA, APPROVING A TWO-YEAR EXTENSION OF TIME FOR COMMERCIAL DESIGN REVIEW NO. 2019-27 TO JANUARY 25, 2026.

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

City Clerk Alvarez noted that six written communications were received in opposition to the item, entered into the record, and distributed to the City Council and the public.

Assistant Community Development Director Abraham presented the staff report.

Ace Vallejos was called to speak.

Kim Cousins was called to speak.

The Public Hearing was closed at 7:49 p.m.

A motion was made by Council Member Johnson, seconded by Council Member Magee to deny staff’s recommendations. The motion carried by the following vote:

Aye: 4 Council Members Johnson, Magee, and Sheridan; and Mayor Pro Tem Tisdale
Nay: 1 Mayor Manos

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES
Elizabeth Hogan was called to speak.

Rafael Castro was called to speak.

Jackie Legg was called to speak.

Nathalie Zepeda was called to speak.

City Council Minutes - Draft March 12, 2024
City of Lake Elsinore Page 8

CITY ATTORNEY COMMENTS
City Attorney Leibold highlighted the Riley Senior Apartments project that was approved and shared the benefits that it will provide.

CITY MANAGER'S COMMENTS
City Manager Simpson advised that a special needs park is part of the Capital Improvement Program budget and noted that the speakers’ contributions will be sought as part of the Request for Proposals process; introduced Gina Gonzalez as the new Director of Economic and Legislative Affairs; and wished Council Member Magee a Happy Birthday.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Johnson shared updates from the Homeless Task Force; invited the community to attend the Riverside County Second District Homeless Symposium at 9:00 a.m. on February 29, 2024 at the Terramor Terrace Club in Temescal Valley; congratulated Students of the Month; and invited the community to attend the Bunny Trunk Hop event at 10:00 a.m. on March 30, 2024 on Downtown Main Street.

Council Member Magee reported on his attendance at the Riverside County Transportation Commission Budget and Implementation Committee meeting on February 26, 2024; shared the Animal Friends of the Valleys vaccine clinic hours; invited residents to attend the SCSDA Sand Drags on March 15-17, 2024 at Lake Elsinore Motorsports Park; announced the AutoX Challenge races on March 17, 2024 at Diamond Stadium; invited the community to attend the Rockabilly Rundown event at 12:00 p.m. on March 23, 2024 at Diamond Stadium; and wished viewers and attendees a Happy St. Patrick’s Day.

Council Member Sheridan shared that the Riverside Transit Agency is hosting Free Ride Fridays thru June 28, 2024 and reported on the Riverside Transit Agency T-Now meeting he attended on February 28, 2024; advised that from March 3-31, 2024 RTA Route 8, bus stop 1262 at Lakepoint Park will be temporarily out of service due to construction; shared his attendance at the Riverside County State of Education Address which was held on March 6, 2024; reported on his attendance at the Lake Elsinore and LEUSD Committee meeting on March 5, 2024; shared photos from his discussion at Ortega High School; reported on the Live Under the Stars event that was held on Main Street on Saturday, March 9, 2024; and invited the community to attend the Lake Elsinore Historical Society’s second Ruth Atkins Speaker Series event at 7:00 p.m. on Wednesday, March 27, 2024 in the Cultural Center.

Mayor Pro Tem Tisdale reported on his attendance at the Western Riverside Council of Governments Executive Committee meeting on March 4, 2024; and shared asphalt & paving renovation work hours at Lakepoint Park March 4-15, 2024 and March 25-27, 2024, noting that there will be walk-in access only and no parking during such hours.

Mayor Manos reported on his attendance at the Southern California Association of Governments Regional Council and Transportation Committee meetings on March 7, 2024 and February 1, 2024, respectively; presented an update on the Nanobubbler in the Lake; and encouraged the community to participate in the Color Run on April 28, 2024 from 7:00 a.m. to 12:00 p.m. at the Diamond Stadium Levee.

City Council Minutes - Draft March 12, 2024
City of Lake Elsinore Page 9

ADJOURNMENT
The Lake Elsinore City Council adjourned at 8:35 p.m. to a Special meeting on Thursday, March 14, 2024 in the Cultural Center located at 183 N. Main Street at 5:30 p.m.

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

March 14, 2024
Public Session: 5:30 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530

CALL TO ORDER
The Special Meeting of the City Council was called to order at 5:30 p.m.

ROLL CALL

Present: 4 - Council Members Magee and Sheridan; Mayor Pro Tem Tisdale; and Mayor Manos

Absent: 1 - Council Member Johnson

PUBLIC COMMENTS
There were no speakers.

PLEDGE OF ALLEGIANCE
Mayor Manos led the Pledge of Allegiance.

BUSINESS ITEM
1) General Plan Update - City Council Study Session No. 3 This item was discussed; however, no action was taken.

ADJOURNMENT
The Lake Elsinore City Council adjourned at 7:14 p.m. to the next Regular meeting of Tuesday, March 26, 2024 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.
3) CC Warrant Report Dated February 09, 2024, to February 29, 2024 Receive and file.

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: March 26, 2024
Subject: CC Warrant Report Dated February 09, 2024, to February 29, 2024 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 List
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 2,556,812.35 $
103 THE ANCHOR 7,931.30
105 MISC. GENERAL PROJECTS 9,170.00
110 GAS TAX 24,599.57
121 TOTAL ROAD IMPROVEMENT PROGRAM 2,000.00
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 236,897.43 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 8,743.60 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 20,403.70 180 LAUNCH POINTE 128,405.69
300 INSURANCE SERVICES 1,257.26
305 INFORMATION SYSTEMS SERVICE 100,770.64
310 SUPPORT SERVICE 8,139.84
315 FLEET SERVICE 35,875.08
320 FACILITIES SERVICE 47,891.51
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 35,749.63
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 52,200.00
334 CFD 2015-5 TRIESTE IMPROVEMENT 36,800.00
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 41,236.88
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 67,100.00
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 443,323.70
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 101,880.70
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 94,257.98
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 87,298.65
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 356,559.75 347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 50,812.20
350 CFD 98-1 SUMMERHILL IMPROVEMENT 85,236.32
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 140,025.91
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 46,213.02
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 163,032.82 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 47,093.34 368 CFD 2006-2 VISCAYA IMPROVEMENT 98,615.59
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 335,534.97 370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 115,223.89
371 CFD 2005-1 SERENITY IMPROVEMENT 119,554.22
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 285,647.86 377 CFD 2006-6 TESSARA IMPROVEMENT 71,651.90
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 11,547.91 384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 349,707.56 385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 409,241.12 386 CFD 2007-4 MAKENNA IMPROVEMENT 47,000.00
Attachment 1 1 of 2
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
387 CFD 2007-5 RED KITE IMPROVEMENT 25,918.52
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 232,566.12 392 CFD 95-1 CIVIC CENTER IMPROVEMENT 2,982.98
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 34,413.38
397 CFD 2019-1 WESTLAKE IMPROVEMENT 118,368.17
500 CAPITAL IMPROVEMENT PLAN 577,430.50
620 COST RECOVERY TRUST DEPOSITS 13,524.74
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 4,232.85
GRAND TOTAL 7,890,881.15 $
Attachment 1 2 of 2
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001882 AAA RESTORATION, INC. 1,924.00 $
APA24001883 ACTION GAS & WELDING SUPPLY 77.76
APA24001884 ALLEGRA MARKETING PRINT MAIL 327.22
APA24001885 AMERICAN ALLIANCE DRUG TESTING 255.00
APA24001886 AZTECA CLEANING SERVICES LLC 2,750.00
APA24001887 BLACK TIE LAUNDRY 71.16
APA24001888 CALIFORNIA BUILDING OFFICIALS 325.00
APA24001889 CALIFORNIA, DEPARTMENT OF JUSTICE 595.00
APA24001890 CALIFORNIA, DEPARTMENT OF JUSTICE 35.00
APA24001891 CASTRO, ROBERT 167.69
APA24001892 CDW GOVERNMENT, INC. 2,632.75
APA24001893 CED LAGUNA 656.79
APA24001894 CHARLES ABBOTT ASSOCIATES, INC. 2,048.55
APA24001895 CHARTER COMMUNICATIONS 1,244.57
APA24001896 CINTAS CORPORATION NO. 2 218.50
APA24001897 COAST RECREATION, INC. 99.66
APA24001898 CR&R, INC. 4,282.95
APA24001899 DAVID EVANS AND ASSOCIATES, INC. 1,896.84
APA24001900 DIRECTV 152.99
APA24001901 DISCOUNT HAULING & CLEANUP SERVICE 8,070.00 APA24001902 EDMONDSON CONSTRUCTION, INC. 9,729.50
APA24001903 EMPLOYMENT DEVELOPMENT DEPARTMENT 1,793.00
APA24001904 EPD SOLUTIONS, INC. 7,966.70
APA24001905 EVMWD 8,013.62
APA24001906 EXCEL LANDSCAPE, INC. 19,148.00
APA24001907 FEDERAL EXPRESS CORPORATION 68.30
APA24001908 FERGUSON 1,030.01
APA24001909 FINK, JAKE 133.99
APA24001910 FRONTIER CALIFORNIA - INTERNET 1,046.33
APA24001911 GOLDEN STATE BAIT, INC. 7,500.00
APA24001912 GOLDSTAR ASPHALT PRODUCTS 1,171.46
APA24001913 GREAT AMERICA FINANCIAL SERVICES 600.30
APA24001914 HAZZARD BACKFLOW, INC. 810.00
APA24001915 HELIX ENVIRONMENTAL PLANNING INC. 2,150.00
APA24001916 HEMET FENCE CORP 10,200.00
APA24001917 HIT PRINT, INC. 14,312.50
APA24001918 IHEARTMEDIA ENTERTAINMENT INC. 1,250.00
APA24001919 INLAND BOBCAT, INC. 681.58
APA24001920 INLAND FOUNDATION ENGINEERING, INC. 23,744.50 APA24001921 INNOVATIVE DOCUMENT SOLUTIONS 1,891.92
APA24001922 KIMBALL MIDWEST 685.07
APA24001923 LAI GROUP 83.19
APA24001925 LEAGUE OF CALIFORNIA CITIES 100.00
Attachment 2 1 OF 8
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001882 AAA RESTORATION, INC. 1,924.00 $
APA24001926 LED LIGHTING SOLUTIONS 10,032.21
APA24001927 LIUNA LOCAL 777 744.00
APA24001928 MIG 2,027.30
APA24001929 MISSION SQUARE RETIREMENT 7,786.22
APA24001930 MISSION SQUARE RETIREMENT 380.77
APA24001931 MONUMENT ROW 477.50
APA24001932 NATIONAL JUNIOR BASKETBALL LEAGUE 6,489.38
APA24001933 NOEL, IAN 293.93
APA24001934 NPG, INC. 22,420.00
APA24001935 NSIDEOUT 551.25
APA24001936 O'REILLY AUTO STORES INC/FIRST CALL 267.71
APA24001937 PLANETBIDS, INC. 12,465.58
APA24001938 PLUMBERS DEPOT, INC. 3,879.82
APA24001939 POHLMAN, MICHAEL 261.87
APA24001940 PRUDENTIAL OVERALL SUPPLY 523.70
APA24001941 QUICK CRETE PRODUCTS CORP. 16,707.28
APA24001942 RIGHTWAY SITE SERVICES, INC. 3,343.28
APA24001943 RIVERSIDE COUNTY OFFICE OF ECONOMIC DEVELOPMENT 4,000.00 APA24001944 RIVERSIDE TRANSIT AGENCY 2,182.00
APA24001945 ROBBINS PEST MANAGEMENT, INC. 2,490.00
APA24001946 RP LANDSCAPE & IRRIGATION 72,111.47
APA24001947 RSG, INC. 362.50
APA24001948 SANCHEZ, IVAN 346.09
APA24001949 SOUTHERN CALIFORNIA EDISON CO. 12,645.17
APA24001950 STACEY, MARTIN 215.49
APA24001951 STAPLES ADVANTAGE 368.02
APA24001952 STAUFFER LAWN EQUIPMENT 50.44
APA24001953 SUNBELT RENTALS, INC. 4,060.67
APA24001954 TEAM AUTOAID, INC. 158.17
APA24001955 THE CENTRE FOR ORGANIZATION EFFECTIVENESS 7,950.00 APA24001956 THOMAS, ROBERT 2,100.87
APA24001957 UTILITY COST MANAGEMENT LLC 547.31
APA24001958 VERIZON WIRELESS - VSAT 60.00
APA24001959 VERIZON WIRELESS (#1) 3,343.06
APA24001960 VERIZON WIRELESS (#13) 213.27
APA24001961 VERIZON WIRELESS (#2) 4,092.88
APA24001962 VULCAN MATERIALS COMPANY 437.68
APA24001963 W. T. STAR CORPORATION 10,037.94
APA24001964 WAXIE SANITARY SUPPLY 3,352.41
APA24001965 WEST COAST SERVICES 1,055.00
APA24001966 WILLSCOT MOBILE MINI 1,374.34
APA24001967 AARON CHEVROLET 249.37
Attachment 2 2 OF 8
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001882 AAA RESTORATION, INC. 1,924.00 $
APA24001968 ACTION GAS & WELDING SUPPLY 125.66
APA24001969 ADVANCED HEATING AND AIR CONDITIONING 3,100.00 APA24001970 ALBERT WEBB & ASSOCIATES 17,861.75
APA24001971 ATKINSON, ANDELSON, LOYA, RUUD & ROMO 1,029.39 APA24001972 AZTECA CLEANING SERVICES LLC 17,484.16
APA24001973 BEARSAVER 14,608.27
APA24001974 BLAIS & ASSOCIATES, INC. 9,170.00
APA24001975 CALIFORNIA DEPARTMENT OF TRANSPORTATION 8,723.78 APA24001976 CALIFORNIA STATE FIRE PROTECTION 145.00
APA24001977 CDW GOVERNMENT, INC. 377.17
APA24001978 CED LAGUNA 21.21
APA24001979 CHARTER COMMUNICATIONS 517.34
APA24001980 COMPUTERSHARE TRUST COMPANY, N.A. 2,000.00
APA24001981 CR&R, INC. 27,815.35
APA24001982 CR&R, INC. 707,884.64
APA24001983 DE VRIES, DAVID 166.19
APA24001984 DISCOUNT HAULING & CLEANUP SERVICE 3,450.00 APA24001985 EVMWD 9,951.65
APA24001986 FERGUSON 22.57
APA24001987 FRONTIER CALIFORNIA - INTERNET 281.86
APA24001988 FRONTIER CALIFORNIA, INC. 63.08
APA24001989 GREAT AMERICA FINANCIAL SERVICES 1,876.60
APA24001990 HAZZARD BACKFLOW, INC. 4,375.00
APA24001991 IHEARTMEDIA ENTERTAINMENT INC. 1,250.00
APA24001992 IMPACT PROMOTIONAL PRODUCTS 283.06
APA24001993 JIMNI SYSTEMS, INC. 1,405.00
APA24001994 KELLEN'S BAIT 102.00
APA24001996 LOPEZ, STEPHANIE 228.00
APA24001997 MANOS, STEVE 180.87
APA24001998 MONUMENT ROW 665.00
APA24001999 NATIONAL JUNIOR BASKETBALL LEAGUE 6,489.37
APA24002000 O'REILLY AUTO STORES INC/FIRST CALL 239.61
APA24002001 PAPAGOLOS, GUS 1,100.00
APA24002002 PRUDENTIAL OVERALL SUPPLY 523.70
APA24002003 PUBLIC SAFETY ENTERPRISE COMMUNICATION 820.98 APA24002004 QUICK CRETE PRODUCTS CORP. 7,310.56
APA24002005 QUINN COMPANY 505.51
APA24002006 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,209,443.90 APA24002007 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 12,111.19 APA24002008 SAFETY-KLEEN SYSTEMS, INC. 50.00
APA24002009 SHRED-IT USA, LLC 84.00
APA24002010 SOUTHERN CALIFORNIA EDISON CO. 698.94
Attachment 2 3 OF 8
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001882 AAA RESTORATION, INC. 1,924.00 $
APA24002011 TEAM AUTOAID, INC. 595.65
APA24002012 TUSCANY HILLS LANDSCAPE & REC. CO. 180,647.94 APA24002013 VORTEX USA 1,276.25
APA24002014 VULCAN MATERIALS COMPANY 426.13
APA24002015 WILLDAN 600.75
APA24002016 ADAMS STREETER CIVIL ENGINEERS, INC. 5,760.00 APA24002017 ADVANCED HEATING AND AIR CONDITIONING 5,600.00 APA24002018 AIRWAVE COMMUNICATION 415.00
APA24002019 ALLEGRA MARKETING PRINT MAIL 148.88
APA24002020 ANIMAL FRIENDS OF THE VALLEY 21,000.00
APA24002021 BLACK TIE LAUNDRY 672.64
APA24002022 BOYS & GIRLS CLUB 5,000.00
APA24002023 CALIFORNIA STATE FIRE PROTECTION 280.00
APA24002024 CHARTER COMMUNICATIONS 475.00
APA24002025 CINTAS CORPORATION NO. 2 218.81
APA24002026 CODE PUBLISHING COMPANY 343.00
APA24002027 CORONA CLAY COMPANY 108.75
APA24002028 COTTER CONSTRUCTION, INC. 11,532.00
APA24002029 DAUGHERTY, TODD 5,248.28
APA24002030 DAVID EVANS AND ASSOCIATES, INC. 21,031.71
APA24002031 DISCOUNT HAULING & CLEANUP SERVICE 2,710.00 APA24002032 EVMWD 7,056.34
APA24002033 EWING 2,818.53
APA24002034 EXCEL LANDSCAPE, INC. 19,598.00
APA24002035 FCG CONSULTANTS, INC. 51,187.22
APA24002036 FEHR & PEERS 40,785.89
APA24002037 FERGUSON 184.22
APA24002038 FRONTIER CALIFORNIA - INTERNET 521.18
APA24002039 FRONTIER CALIFORNIA, INC. 4,910.68
APA24002040 GOVERNMENT FORMS AND SUPPLIES 143.31
APA24002041 GREAT AMERICA FINANCIAL SERVICES 1,702.72
APA24002042 HANCOCK, LORENA 2,782.50
APA24002043 HEFINGTON MARTIAL ARTS 762.75
APA24002044 HELIX ENVIRONMENTAL PLANNING INC. 968.75
APA24002045 IMPACT PROMOTIONAL PRODUCTS 3,837.29
APA24002046 KOA CORPORATION 720.68
APA24002047 LAKE ELSINORE UNIFIED SCHOOL DISTRICT 473.26 APA24002048 MISSION SQUARE RETIREMENT 380.77
APA24002049 MISSION SQUARE RETIREMENT 7,750.82
APA24002050 MURRIETA LOCK & SAFE, INC. 906.80
APA24002051 O'REILLY AUTO STORES INC/FIRST CALL 434.80
APA24002052 PAPAGOLOS, GUS 650.00
Attachment 2 4 OF 8
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001882 AAA RESTORATION, INC. 1,924.00 $
APA24002053 PLUMBERS DEPOT, INC. 470.47
APA24002054 PRUDENTIAL OVERALL SUPPLY 463.69
APA24002055 REED, MATTHEW 1,530.00
APA24002056 SAFETY-KLEEN SYSTEMS, INC. 1,401.47
APA24002057 SAN DIEGO ICE COMPANY, INC. 107.75
APA24002058 SELECT ELECTRIC INC 166,370.08
APA24002059 SO CAL SANDBAGS,INC. 2,503.25
APA24002060 SOUND SOURCE MOTORSPORTS 3,348.04
APA24002061 SOUTHERN CALIFORNIA EDISON CO. 22,527.44
APA24002062 SOUTHERN CALIFORNIA GAS CO. 7,365.25
APA24002063 STAPLES ADVANTAGE 27.21
APA24002064 STAUFFER LAWN EQUIPMENT 378.62
APA24002065 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 2,250.00 APA24002066 TEAM AUTOAID, INC. 502.05
APA24002067 TOTAL CLEAN 13,865.63
APA24002068 TRB AND ASSOCIATES, INC. 8,698.76
APA24002069 TRENCH SHORING COMPANY 94.80
DFT240395 VERIZON WIRELESS - VSAT 60.00
DFT240395 VERIZON WIRELESS - VSAT (60.00)
DFT240396 STAUFFER LAWN EQUIPMENT (19.12)
DFT240396 STAUFFER LAWN EQUIPMENT 19.12
DFT240405 EXCEL LANDSCAPE, INC. (17,075.00)
DFT240406 EXCEL LANDSCAPE, INC. (2,073.00)
DFT240407 VERIZON WIRELESS (#13) (213.27)
DFT240414 FRONTIER CALIFORNIA - INTERNET 460.98
DFT240415 FRONTIER CALIFORNIA - INTERNET 474.06
DFT240416 FRONTIER CALIFORNIA - INTERNET 670.11
DFT240417 PAYCHEX OF NEW YORK, LLC 1,552.65
DFT240418 PAYCHEX OF NEW YORK, LLC 550.00
DFT240419 INTERNAL REVENUE SERVICE 198.50
DFT240420 RIVERSIDE COUNTY SHERIFF'S OFFICE 477.46
DFT240421 STATE DISBURSEMENT UNIT 392.30
DFT240422 STATE DISBURSEMENT UNIT 134.30
DFT240423 NATIONWIDE TRUST COMPANY, FSB 1,139.62
DFT240424 TASC 4,212.90
DFT240425 FRANCHISE TAX BOARD 22,938.96
DFT240426 INTERNAL REVENUE SERVICE 114,723.19
DFT240427 CALPERS 114.80
DFT240428 LEGAL SHIELD 89.70
DFT240429 CALPERS 76,063.75
DFT240430 WILMINGTON TRUST, NATIONAL ASSOCIATION 4,106,795.09 DFT240443 PAYCHEX OF NEW YORK, LLC 357.55
Attachment 2 5 OF 8
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001882 AAA RESTORATION, INC. 1,924.00 $
DFT240444 PAYCHEX OF NEW YORK, LLC 1,492.50
6414 MAGEE, KIMBERLY 291.15
6415 BARROZO, ANTHONY 291.15
6416 REGIONAL CONSERVATION AUTHORITY 6,550.00
6417 AK SECURITY ALARM LLC 31,087.59
6418 ALVAREZ ENTERPRISE SERVICES 11,180.51
6419 AMAZON BUSINESS 2,750.05
6420 AMERICAN MATERIAL COMPANY 2,033.04
6421 CLEARGOV, INC. 12,875.00
6422 CM WASH EQUIPMENT 423.06
6423 DENNIS JANDA, INC. 7,500.00
6424 DOWNS ENERGY 7,504.37
6425 ENGINEERING RESOURCES OF SO CA 12,019.78
6426 GMS ELEVATOR SERVICES, INC. 330.00
6427 KPA SERVICES, LLC 520.02
6428 MUNISERVICES, LLC 1,300.00
6429 QUADIENT FINANCE USA, INC. 2,000.00
6430 SECURITAS SECURITY SERVICES USA, INC. 3,130.80
6431 SOUTHWEST ICE MACHINES 776.13
6432 SOUTHWEST ICE MACHINES 533.88
6433 SPICER CONSULTING GROUP 1,506.00
6434 TC SPORTS MANAGEMENT, LLC 16,100.00
6435 AK SECURITY ALARM LLC 63,644.98
6437 AMAZON BUSINESS 5,347.88
6438 CM WASH EQUIPMENT 817.31
6439 DOWNS ENERGY 6,140.59
6440 ENDRESEN DEVELOPMENT, INC. 576.00
6441 ENDRESEN DEVELOPMENT, INC. 576.00
6442 ENDRESEN DEVELOPMENT, INC. 576.00
6443 ENDRESEN DEVELOPMENT, INC. 576.00
6444 ENDRESEN DEVELOPMENT, INC. 9,725.66
6445 ENDRESEN DEVELOPMENT, INC. 576.00
6446 ENDRESEN DEVELOPMENT, INC. 576.00
6447 ENDRESEN DEVELOPMENT, INC. 576.00
6448 ENDRESEN DEVELOPMENT, INC. 9,809.41
6449 ENDRESEN DEVELOPMENT, INC. 9,509.41
6451 HDR ENGINEERING, INC. 23,246.38
6452 HI-WAY SAFETY, INC. 5,531.31
6453 KPA SERVICES, LLC 2,909.21
6454 PALMS PARK LLC 4,000.00
6455 SOUTHWEST ICE MACHINES 256.30
6456 SOUTHWEST ICE MACHINES 206.11
Attachment 2 6 OF 8
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001882 AAA RESTORATION, INC. 1,924.00 $
6457 SOUTHWEST ICE MACHINES 456.69
6458 SOUTHWEST ICE MACHINES 409.56
6459 SOUTHWEST ICE MACHINES 483.88
6460 WEST COAST ARBORISTS, INC. 348.00
6461 BARROZO, ANTHONY 291.15
6462 BASUBAS, EDGARDO 2,136.72
6463 BLOCK, DIANE 739.30
6464 BOBO, LAWRENCE 739.30
6465 BOONE, ROBERT 739.30
6466 BRADY, ROBERT A. 1,033.20
6467 CASTANEDA, FRANCISCO 184.72
6468 CHADD, DANIEL 2,824.84
6469 CHIPMAN, ROBIN 1,438.01
6470 DAVIS, CLAUDIA 2,136.72
6471 DAVIS, RITA 526.44
6472 DOUGLAS, JOSE A. 1,573.82
6473 ESPINOZA, GUILLERMO PEREZ 1,033.20
6474 FAZZIO, JON 492.58
6475 FERGUSON, DAVID 2,105.94
6476 FOSTER, MAUREEN 492.58
6477 GIRON, DIANA 708.41
6478 GOMEZ, GUADALUPE 2,093.07
6479 GONZALES, RAMON 526.44
6480 GORDON, CAROL 161.43
6481 GULBRANSEN, ARLINE 184.72
6482 HANSEN, VI M. 184.72
6483 HOFFARTH, GARY 492.58
6484 HOUTZ, WILLIAM 1,033.20
6485 JECTER, MICHELE 739.30
6486 KILROY, PAT 739.30
6487 LEON, CHARLES KIM 291.15
6488 LEPPER, LUCIUS 291.15
6489 MACHOTT, RICHARD J. 739.30
6490 MAGEE, KIMBERLY 291.15
6491 MCDANIELS, DELORES 291.15
6492 MILLER, CORDIE 575.02
6493 MOLENDYK, RONALD 739.30
6494 NORTH, EDWARD L. 492.58
6495 ODONNELL, RAYMOND 291.15
6496 OROZCO, JERRY 1,427.42
6497 PAYNE, WILLIAM 654.66
6498 PEREZ, JULIAN 2,093.07
Attachment 2 7 OF 8
FEB 9, 2024 TO FEB 29, 2024 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA24001882 AAA RESTORATION, INC. 1,924.00 $
6499 PORCHE, DANA 1,033.20
6500 PREISENDANZ, ROLFE 739.30
6501 RAMIREZ, FRANCES 575.02
6502 REDMEIER, MICHAEL D. 739.30
6503 REID, SUSAN 739.30
6504 RUSSELL, LAWRENCE 739.30
6505 SANTA CRUZ, MARY 1,422.62
6506 SAPP, DAVID 656.20
6507 SOLORZANO, LEONEL 1,495.88
6508 STORAASLI, PEGGY 291.15
6509 TAYLOR, GRANT 526.44
6510 TEYLER, KENNETH 167.79
6511 THOMPSON, RITA 1,438.01
6512 TURK, JILL 739.30
6513 UNSWORTH, NOLA 989.86
6514 WAITE, DENNIS 1,438.01
6515 WATENPAUGH, RICHARD 739.30
6516 WILKIE, RAE 167.79
6517 YATES, GRANT 2,105.94
6518 AMAZON BUSINESS 2,765.21
6520 CHEN RYAN ASSOCIATES, INC. 15,805.81
6521 COST RECOVERY SYSTEMS, INC. 9,250.00
6522 DELONE, MARIA JAZMINE 1,331.25
6523 DOWNS ENERGY 5,183.26
6524 ENDRESEN DEVELOPMENT, INC. 8,799.29
6526 ENDRESEN DEVELOPMENT, INC. 6,696.00
6527 LAKE ELSINORE TIRE & AUTO, INC. 221.32
6528 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 12,500.00 6530 SECURITAS SECURITY SERVICES USA, INC. 3,140.85
6531 TANGRAM 100,670.90
6532 WKE, INC. 9,679.58
GRAND TOTAL 7,890,881.15 $
Attachment 2 8 OF 8
4) CC Investment Report February 2024
Receive and file the Investment Report for February 2024.

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: March 26, 2024
Subject: CC Investment Report February 2024
Recommendation
Receive and file the Investment Report for February 2024.

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 February 2024

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account 4,718,785 $ 141,350 $ (464,341) $ 4,395,794 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 4,718,785 141,350 (464,341) 4,398,094

INVESTMENTS
Local Agency Investment Funds 72,976,822 - - 72,976,822 CAMP Investments:

CAMP Pool Account - 44,628 - 44,628
U.S. Treasury Bond / Note 22,316,458 - - 22,316,458
Supra-National Agency Bond / Note - - - -
Municipal Bond / Note 1,536,023 - - 1,536,023
Federal Agency Commercial Mortgage-Backed Security - 7,274,865 - 7,274,865 Federal Agency Bond / Note 2,266,362 - - 2,266,362
Corporate Note 12,702,494 - - 12,702,494
Certificate of Deposit 900,000 - - 900,000
Asset-Backed Security 5,300,233 - - 5,300,233
Sub-total Investments 125,317,885 - - 125,317,885
Market Value Adjustment:

Unrealized Gain/(Loss) at 09/30/2023 (584,093) - - (584,093) Total Investments 124,733,793 - - 124,733,793
Total Pooled Cash and Investments 129,452,578 $ 141,350 $ (464,341) $ 129,131,887 $ TOTAL POOLED CASH AND INVESTMENTS $ 129,131,887
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 March 11, 2024
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 FEBRUARY 29, 2024

FUND NO FUND NAME AMOUNT
100 General 17,400,861 $
102 Measure Z 19,065,245
106 Affordable Housing In Lieu 902,914
107 Developer Agreement Revenue 335,461
108 American Rescue Plan 5,788,473
109 Road Maintenance and Rehabilitation (SB1) 1,155,101 110 State Gas Tax 509,311
112 Measure A 839,261
114 SB1186 CASP Education Program 64,012
115 Traffic Safety 20,014
116 City Hall-Public Works DIF 144,717
117 Community Center DIF 312,716
118 Lake Side Facility DIF 485,403
119 Animal Shelter DIF 93,716
135 Lighting & Landscape Maintenance - Dist. No. 1 1,408,686 140 Geothermal 12,119
180 Launch Pointe 388,488
202 La Strada RBBD 24,716
203 E.L.S.P. - S.T.I.F. 3,485,332
205 Traffic Impact Fee 582,559
211 Storm Drain C.I.P. 3,226,176
221 Quimby Park C.I.P. 202,240
231 Library C.I.P. 1,416,920
232 City Fire Protection 829,713
300 Insurance Service 949,849
305 Information Systems Service 2,249,130
310 Support Service 13,279
320 Facilities Service 2,100,845
331 CFD 2006-1CC Summerly Improvement Area CC 57,013
332 CFD 2006-1 Improvement Area B, Summerly 31,128
334 CFD 2015-5 Trieste - Far West Industries 40,145
335 CFD 2003-2E Canyon Hills Improvement Area E 48,045
336 CFD 2006-1FF Summerly Improvement Area FF 30,795
337 CFD 2016-2 Canyon Hills 228,710
338 CFD 2006-1 IA-JJ Summerly Improvement Area 70,237
339 CFD 2006-1 IA-KK Summerly Improvement Area 43,418
340 CFD 2006-1 IA-EE Summerly Improvement Area 59,799
345 CFD 2003-2 Improvement Area D, Canyon Hills 653,767 346 CFD 2014-1 Southshore 70,443
347 CFD 2006-1 Improvement Area A, Summerly 72,396
350 CFD 98-1 Summerhill 426,327
351 CFD 2006-1 IA-II Summerly Improvement 25,508
354 CFD 90-2 Tuscany Hills 574,242
355 RAD 2021-1 Canyon Hills Improvement 334,298
357 CFD 2003-2 Canyon Hills Improvement Area 112,278

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 FEBRUARY 29, 2024

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 FEBRUARY 29, 2024
361 CFD 2022-2 Lakeshore Improvement 10,959
363 CFD 2022-3 Lakeside 844
364 CFD 2023-2 Coastal Mission Trail Improvement 20,812 366 CFD 2005-6 City Center Townhomes 99,072
368 CFD 2006-2 Viscaya 209,105
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 618,399 370 CFD 2006-1 IA-HH Summerly Improvement 55,150
371 CFD 2005-1 Serenity 216,212
372 CFD 2005-2 Alberhill Ranch Improvement Area 508,683 374 CFD 2005-4 Lakeview Villas 3,037
375 CFD 2006-4 Clurman 126,650
378 CFD 2006-8 Running Deer Estates 45,533
384 CFD 2003-2 Area B Canyon Hills Improvement Area 635,023 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 556,590 386 CFD 2007-4 Mekenna Court 34,704
387 CFD 2007-5 Red Kite 32,101
388 CFD 2007-6 Holiday Inn Express 2,631
389 CFD 88-3 (2008A) West Lake Elsinore Series A 1,092
390 CFD 2003-2 Area C Canyon Hills Improvement Area 148,381 392 CFD 95-1 City Center 46,948
394 CFD 2005-5 (2012A) Wasson Canyon 106,065
395 CFD 2018-1 Wasson Canyon II Improvement Area 1,879
396 CFD 2018-2 Nichols Ranch Improvement Area 92,708
397 CFD 2018-3 Village at Lakeshore 50,932
500 Capital Improvement Plan 11,973,134
603 Endowment Trust - Carl Graves 62,458
604 Endowment Trust - Korn Memorial 34,823
605 Public Improvement Trust 1,773,370
606 Mobile Source Air Polution Reduction 97,263
608 Trust Deposit & Pre Paid Expense 1,596,414
617 Successor Agency Housing 34,951,818
620 Cost Recovery System 7,580,479
631 Lake Destratification Equipment Replacement 504,436 650 CFD 2003-1 Law & Fire Service 25,161
653 CFD 2009-1 Parks & Lighting Service 5,318
655 CFD 2015-1s Law, Fire, Paramedic Services 17,902
Total Pooled Cash & Investments $ 129,131,887

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.04% 44,628 $
U.S. Treasury Bond / Note Unlimited 17.81% 22,316,458 $ Supra-National Agency Bond / Note 30% 0.00% - $
Municipal Bond / Note Unlimited 1.23% 1,536,023 $
Federal Agency Collaterized Mortgage Obligation 40% 5.81% 7,274,86 $ 5 Federal Agency Bond / Note Unlimited 1.81% (1) $ 2,266,362 Corporate Note 30% 10.14% 12,702,494 $
Negotiable Certificates of Deposit 30% 0.72% 900,000 $
Asset-Backed Security / Collaterized Mortgage 20% 4.23% 5,300,233 $ LAIF (Local Agency Investment Funds) $150 Million 58.23% (2) $ 72,976,822 TOTAL 100.00% 125,317 $ ,885
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 FEBRUARY 29, 2024
Local Agency Investment Fund
February 4.122
January 4.012
December 3.929
November 3.843
October 3.670
September 3.534
PMIA Average Life(1): 230
LAIF Fair Value Factor(1): 0.993543131
PMIA Daily(1): 3.96
PMIA Quarter to Date(1): 3.81
LAIF Apportionment Rate(2): 4.00
LAIF Earnings Ratio(2): 0.00010932476863589
LAIF Administrative Cost(1)*: 0.29
Treasuries

58.88%
Agencies

22.53%
Certificates of
Deposit/Bank Notes

8.98%
Time
Deposits

3.13%
Commercial
Paper

5.91%
Corporate
Bonds

0.37%
Loans

0.20%
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 3/06/24
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/23
Chart does not include $2,112,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
1/31/24
$165.8 billion
Yield Purchase Date Maturity Rate

4.122% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ 22,000,000 50,976,822 $ 72,976,822 $ 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 FEBRUARY 29, 2024
CAMP
Investment Portfolio
Account Statement - Transaction Summary For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
191,349.05
1,523,058.04
(1,669,779.40)

0.00 $44,627.69
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 536.45
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
51,870,987.01
1,654,808.32
(1,420,773.47)
(442,424.61)
$51,662,597.25
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 62,554.16
February 29, 2024 January 31, 2024
Asset Summary
CAMP Pool 44,627.69 191,349.05
CAMP Managed Account 51,662,597.25 51,870,987.01
Total $51,707,224.94 $52,062,336.06
Asset Allocation

0.09%
CAMP Pool

99.91%
CAMP Managed
Account

Page 1 ends

Managed Account Summary Statement For the Month Ending February 29, 2024

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
$191,349.05
1,523,058.04
(1,669,779.40)
$44,627.69
536.45
$51,870,987.01
(50,687.36)
(1,370,086.11)
1,654,808.32

0.00 (442,424.61)
$51,662,597.25
$52,062,336.06
$51,707,224.94
101,748.12
(10,741.33)
(28,452.63)
$62,554.16

0.00 1,372,257.05
99,577.18
50,687.36
(1,665,549.65)
143,028.06

0.00 Managed Account Total
52,661,254.75 52,705,882.44
271,738.41
1,372,257.05
50,687.36
99,577.18
(1,665,549.65)
(52,436,031.88)
(240,417.99)

0.00 271,738.41
3,042,036.45
50,687.36
99,577.18
(3,188,607.69)
(52,627,380.93)
(240,417.99)
536.45
Total Accrual Basis Earnings $113,515.23 $114,051.68
Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $0.00

Page 2 ends

Portfolio Summary and Statistics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 23,650,000.00 22,247,046.99 43.02 Municipal Bond / Note 1,535,000.00 1,475,034.65 2.85
Federal Agency Commercial
Mortgage-Backed Security
7,406,035.88 7,280,345.28 14.08
Federal Agency Bond / Note 2,275,000.00 2,128,222.18 4.12 Corporate Note 12,725,000.00 12,354,405.69 23.89
Certificate of Deposit 900,000.00 904,652.74 1.75
Asset-Backed Security 5,300,960.96 5,272,889.72 10.20
Managed Account Sub-Total 53,791,996.84 51,662,597.25 99.91% Accrued Interest 271,738.41
Total Portfolio 53,791,996.84 51,934,335.66
CAMP Pool 44,627.69 44,627.69 0.09
Total Investments 53,836,624.53 51,978,963.35 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

10.20%
ABS

1.75%
Cert of Deposit

23.89%
Corporate Note

4.12%
Fed Agy Bond /
Note

14.08%
Federal Agency
Commercial
Mortgage-Backed
Security

0.09%
Joint Powers
Authority

2.85%
Muni Bond / Note

43.02%
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

3.43%

1.65%

15.25%

36.63%

23.05%

19.99%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1057

3.61%

4.69%

Page 3 ends

Managed Account Issuer Summary For the Month Ending February 29, 2024

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

5.17%
A

3.10%
A+

6.65%
A3.65%
AA

62.88%
AA+

4.37%
AA10.22%
AAA

0.09%
AAAm

1.46%
BBB+

2.41%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
ABBOTT LABORATORIES 221,432.18 0.43
AIR PRODUCTS & CHEMICALS 335,886.34 0.65
AMAZON.COM INC 450,834.85 0.87
AMERICAN EXPRESS CO 958,354.57 1.85
AMERICAN HONDA FINANCE 396,085.20 0.77
APPLE INC 729,803.55 1.41
BANK OF AMERICA CO 788,479.38 1.52
BERKSHIRE HATHAWAY INC 444,361.08 0.86
BMW FINANCIAL SERVICES NA LLC 228,376.93 0.44
BRISTOL-MYERS SQUIBB CO 362,759.63 0.70
CALIFORNIA STATE UNIVERSITY 79,591.45 0.15
CAMP Pool 44,627.69 0.09
CAPITAL ONE FINANCIAL CORP 728,638.11 1.41
CARMAX AUTO OWNER TRUST 241,492.22 0.47
CATERPILLAR INC 206,967.83 0.40
CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 98,794.00 0.19 CHARLES SCHWAB 388,096.94 0.75
CHASE ISSURANCE 406,772.69 0.79
CINTAS CORPORATION NO. 2 63,629.61 0.12
CISCO SYSTEMS INC 419,955.48 0.81
CITIGROUP INC 769,284.00 1.49
DEERE & COMPANY 376,980.00 0.73
DISCOVER FINANCIAL SERVICES 855,139.68 1.65
FANNIE MAE 1,471,448.06 2.85
FEDERAL HOME LOAN BANKS 140,483.40 0.27
FIFTH THIRD AUTO TRUST 350,577.05 0.68
FLORIDA STATE BOARD OF ADMIN FIN CORP 294,602.30 0.57
FORD CREDIT AUTO OWNER TRUST 128,754.47 0.25
FREDDIE MAC 7,796,636.00 15.08
GENERAL DYNAMICS CORP 220,582.35 0.43
GM FINANCIAL CONSUMER AUTOMOBILE TRUST 325,469.81 0.63
GOLDMAN SACHS GROUP INC 397,088.40 0.77

Page 4 ends

Managed Account Issuer Summary For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
HARLEY-DAVIDSON MOTORCYCLE TRUST 169,660.12 0.33
HOME DEPOT INC 24,323.48 0.05
HONDA AUTO RECEIVABLES 465,040.65 0.90
HYUNDAI AUTO RECEIVABLES 60,407.11 0.12
IBM CORP 221,503.95 0.43
JP MORGAN CHASE & CO 481,122.19 0.93
LOCKHEED MARTIN CORP 59,218.08 0.11
LOS ANGELES COMMUNITY COLLEGE DISTRICT 131,875.80 0.26
MICROSOFT CORP 725,124.00 1.40
MORGAN STANLEY 398,100.80 0.77
NATIONAL AUSTRALIA BANK LTD 729,287.00 1.41
NATIONAL RURAL UTILITIES CO FINANCE CORP 379,980.30 0.73 NEW YORK ST URBAN DEVELOPMENT CORP 311,106.25 0.60
NISSAN AUTO RECEIVABLES 243,148.20 0.47
NORDEA BANK ABP 450,785.70 0.87
PACCAR FINANCIAL CORP 169,612.10 0.33
ROCHE HOLDINGS INC 397,751.25 0.77
SAN JUAN UNIFIED SCHOOL DISTRICT 122,872.10 0.24
STATE OF CALIFORNIA 201,816.00 0.39
STATE OF CONNECTICUT 59,325.60 0.11
STATE OF MINNESOTA 94,268.00 0.18
TARGET CORP 36,996.32 0.07
TEXAS INSTRUMENTS INC 84,821.50 0.16
THE BANK OF NEW YORK MELLON CORPORATION 645,728.79 1.25 THE WALT DISNEY CORPORATION 392,735.20 0.76
TORONTO-DOMINION BANK 453,867.04 0.88
TOYOTA MOTOR CORP 718,840.72 1.39
UNITED STATES TREASURY 22,247,046.99 43.02
UNITEDHEALTH GROUP INC 207,443.25 0.40
UNIVERSITY OF CALIFORNIA 80,783.15 0.16
USAA CAPITAL CORP 220,648.05 0.43
Total $51,707,224.94 100.00%

Page 5 ends

Managed Account Detail of Securities Held For the Month Ending February 29, 2024

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 50,000.00 AA+ Aaa 08/05/20 08/07/20 53,441.41 0.18 146.63 50,653.16 48,632.81

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 50,000.00 AA+ Aaa 04/01/21 04/05/21 49,031.25 0.72 20.95 49,695.66 47,046.88

US TREASURY NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 75,000.00 AA+ Aaa 02/10/22 02/14/22 71,458.01 1.92 188.53 73,178.27 69,117.19

US TREASURY NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 475,000.00 AA+ Aaa 01/04/22 01/06/22 463,421.87 1.33 1,194.02 469,192.56 437,742.19

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 200,000.00 AA+ Aaa 09/01/22 09/06/22 179,007.81 3.53 103.02 186,997.81 182,312.50

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 250,000.00 AA+ Aaa 05/03/22 05/05/22 226,250.00 3.03 128.78 236,468.02 227,890.63

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 750,000.00 AA+ Aaa 08/01/22 08/04/22 690,468.75 2.74 386.33 713,962.55 683,671.87

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 800,000.00 AA+ Aaa 07/05/22 07/08/22 732,343.75 2.84 412.09 759,789.21 729,250.00

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 06/02/22 06/06/22 819,035.16 2.94 463.60 852,895.13 820,406.25

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 900,000.00 AA+ Aaa 08/08/22 08/15/22 819,562.50 3.04 463.60 850,936.46 820,406.25

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 250,000.00 AA+ Aaa 11/01/22 11/04/22 228,144.53 4.39 1,469.78 235,315.86 234,375.00

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 975,000.00 AA+ Aaa 01/04/23 01/06/23 907,092.77 3.96 5,732.14 927,334.81 914,062.50

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 2,100,000.00 AA+ Aaa 12/05/22 12/07/22 1,954,066.41 3.92 12,346.15 1,999,702.35 1,968,750.00

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 9,500,000.00 AA+ Aaa 01/13/23 01/17/23 8,922,578.13 3.72 55,851.65 9,091,509.13 8,906,250.00

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

US TREASURY NOTES
DTD 04/30/2022 2.750% 04/30/2027
91282CEN7 1,200,000.00 AA+ Aaa 01/31/23 02/03/23 1,155,421.88 3.70 11,060.44 1,166,717.69 1,141,875.00

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 375,000.00 AA+ Aaa 05/01/23 05/05/23 362,329.10 3.62 849.93 364,792.89 355,722.68

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 400,000.00 AA+ Aaa 03/02/23 03/06/23 373,265.62 4.44 906.59 379,267.55 379,437.52

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 600,000.00 AA+ Aaa 07/03/23 07/07/23 565,640.63 4.30 1,359.89 571,147.38 569,156.28

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
91282CFB2 825,000.00 AA+ Aaa 06/02/23 06/06/23 786,779.30 3.97 1,869.85 793,561.21 782,589.88

US TREASURY NOTES
DTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 1,175,000.00 AA+ Aaa 01/02/24 01/05/24 1,170,501.95 3.98 11,445.01 1,170,678.72 1,155,539.06

US TREASURY NOTES
DTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 1,200,000.00 AA+ Aaa 12/01/23 12/05/23 1,184,109.38 4.24 11,688.53 1,185,058.89 1,180,125.00

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 600,000.00 AA+ Aaa 02/02/24 02/06/24 602,507.81 3.89 65.22 602,467.25 592,687.50 Security Type Sub-Total 23,650,000.00 22,316,458.02 3.65 118,152.73 22,731,322.56 22,247,046.99 Municipal Bond / Note

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
20772KJW0 60,000.00 AA- Aa3 05/29/20 06/11/20 60,000.00 2.00 199.80 60,000.00 59,325.60

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
157411TK5 100,000.00 AA- Aa1 11/06/19 12/05/19 100,000.00 2.10 175.08 100,000.00 98,794.00

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 325,000.00 NR NR 12/16/20 12/23/20 325,000.00 0.87 1,303.79 325,000.00 311,106.25

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 85,000.00 AA Aa2 07/10/20 07/16/20 85,000.00 0.88 221.00 85,000.00 80,783.15

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 65,000.00 AA Aa3 09/03/20 09/16/20 65,459.55 1.11 136.28 65,127.96 61,771.45

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 85,000.00 AA Aa3 09/03/20 09/16/20 85,563.55 1.12 178.22 85,156.92 80,778.05

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 160,000.00 AA Aa3 09/03/20 09/16/20 160,000.00 1.26 335.47 160,000.00 152,052.80

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
60412AVJ9 100,000.00 AAA Aaa 08/11/20 08/25/20 100,000.00 0.63 52.50 100,000.00 94,268.00

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 130,000.00 NR Aa2 10/16/20 10/29/20 130,000.00 0.85 92.30 130,000.00 122,872.10

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
54438CYK2 140,000.00 AA+ Aaa 10/30/20 11/10/20 140,000.00 0.77 90.18 140,000.00 131,875.80

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
13077DQD7 85,000.00 AA- Aa2 07/09/21 07/29/21 85,000.00 0.86 244.23 85,000.00 79,591.45

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 03/09/23 03/15/23 200,000.00 4.85 4,846.00 200,000.00 201,816.00 Security Type Sub-Total 1,535,000.00 1,536,023.10 1.58 7,874.85 1,535,284.88 1,475,034.65 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 245,588.15 AA+ Aaa 03/19/20 03/25/20 257,752.43 1.95 626.66 247,542.11 241,111.94 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 275,000.00 AA+ Aaa 04/11/23 04/14/23 263,613.28 4.37 629.06 267,305.65 264,384.83 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aaa 04/06/23 04/12/23 526,839.84 4.02 1,215.96 533,056.82 522,209.22 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 378,006.57 AA+ Aaa 05/19/23 05/24/23 366,371.06 4.31 1,054.32 368,981.41 364,198.87 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
3137BXQY1 550,000.00 AA+ Aaa 08/16/23 08/18/23 518,804.69 4.98 1,477.67 523,540.77 526,587.95

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aaa 06/08/23 06/13/23 527,033.20 4.44 1,486.38 531,368.43 525,982.91 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 399,079.23 AA+ Aaa 12/06/23 12/14/23 399,076.03 4.86 1,615.61 399,076.18 397,601.41 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 438,361.93 AA+ Aaa 07/19/23 07/27/23 438,351.00 4.78 1,745.05 438,352.35 434,750.88 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 550,000.00 AA+ Aaa 07/13/23 07/20/23 555,493.40 4.59 2,208.71 554,798.23 550,268.88 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 550,000.00 AA+ Aaa 07/18/23 07/31/23 540,675.78 4.58 1,920.42 541,786.18 537,683.56 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 500,000.00 AA+ Aaa 10/11/23 10/19/23 489,032.00 5.26 1,975.00 489,781.83 498,916.96 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 800,000.00 AA+ Aaa 09/07/23 09/14/23 788,165.60 4.99 3,100.00 789,170.80 795,367.29 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 375,000.00 AA+ Aaa 10/25/23 10/31/23 363,043.88 5.60 1,515.63 363,774.21 375,969.36 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 500,000.00 AA+ Aaa 09/20/23 09/28/23 494,023.50 5.07 2,000.00 494,482.52 500,177.93 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 180,000.00 AA+ Aaa 11/14/23 11/21/23 179,479.62 5.14 760.35 179,505.99 182,015.22 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 275,000.00 AA+ Aaa 11/28/23 12/07/23 274,209.93 4.93 1,113.75 274,244.12 275,701.53 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 290,000.00 AA+ Aaa 02/01/24 02/08/24 292,899.71 4.34 1,104.90 292,865.41 287,416.54 Security Type Sub-Total 7,406,035.88 7,274,864.95 4.67 25,549.47 7,289,633.01 7,280,345.28 Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 425,000.00 AA+ Aaa 07/21/20 07/23/20 422,883.50 0.48 177.08 424,411.70 399,883.78

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 350,000.00 AA+ Aaa 08/25/20 08/27/20 348,362.00 0.47 21.88 349,513.27 328,007.40

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 AA+ Aaa 09/10/20 09/11/20 149,550.00 0.44 276.56 149,863.44 140,483.40

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 AA+ Aaa 09/23/20 09/25/20 697,893.00 0.44 1,152.08 699,340.41 654,090.50

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 650,000.00 AA+ Aaa 11/09/20 11/12/20 647,673.00 0.57 1,029.17 649,212.83 605,757.10 Security Type Sub-Total 2,275,000.00 2,266,361.50 0.49 2,656.77 2,272,341.65 2,128,222.18 Corporate Note

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
808513BN4 105,000.00 A- A2 03/16/21 03/18/21 104,947.50 0.77 356.56 104,999.19 104,605.94

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
06406RAS6 210,000.00 A A1 04/19/21 04/26/21 209,775.30 0.54 364.58 209,988.52 208,484.64

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
61746BDQ6 400,000.00 A- A1 07/19/19 07/23/19 422,916.00 2.59 5,252.78 400,776.14 398,100.80

AMERICAN HONDA FINANCE CORP NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 400,000.00 A- A3 07/11/19 07/15/19 398,016.00 2.51 1,706.67 399,870.58 396,085.20

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
38141EC23 400,000.00 BBB+ A2 07/08/19 07/11/19 418,632.00 2.84 2,267.22 400,408.55 397,088.40

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
05565EBU8 70,000.00 A A2 08/09/21 08/12/21 69,993.70 0.75 27.71 69,999.06 68,391.75

WALT DISNEY COMPANY/THE (CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
254687FK7 400,000.00 A- A2 09/03/19 09/06/19 398,368.00 1.83 58.33 399,836.80 392,735.20

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 175,000.00 A+ A1 10/22/20 10/29/20 182,894.25 0.73 218.75 176,729.55 169,612.10

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 80,000.00 BBB+ A2 03/01/22 03/04/22 79,919.20 2.29 885.00 79,972.87 77,599.92

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 410,000.00 AA Aa2 03/03/22 03/10/22 410,000.00 2.13 4,152.07 410,000.00 397,751.25

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 25,000.00 A A2 03/24/22 03/28/22 24,956.25 2.76 255.00 24,983.90 24,323.48 CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
17252MAP5 65,000.00 A- A3 04/26/22 05/03/22 64,985.70 3.46 747.50 64,994.43 63,629.61

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
90327QD89 225,000.00 AA Aa1 05/23/22 05/26/22 224,264.25 3.49 2,531.25 224,707.35 220,648.05

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
369550BG2 225,000.00 A- A3 10/16/20 10/20/20 252,247.50 0.80 2,318.75 231,426.14 220,582.35

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 315,000.00 A- A1 05/24/21 06/01/21 315,000.00 0.82 648.90 315,000.00 310,882.01

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8 475,000.00 AA A1 06/03/20 06/05/20 474,767.25 0.81 928.89 474,941.43 450,834.85

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
63254ABD9 250,000.00 AA- Aa3 05/31/22 06/09/22 250,000.00 3.50 1,993.06 250,000.00 245,012.00

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
63743HFE7 50,000.00 A- A2 04/27/22 05/04/22 49,986.50 3.46 364.17 49,994.41 48,865.95

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
459200KS9 225,000.00 A- A3 07/20/22 07/27/22 225,000.00 4.00 850.00 225,000.00 221,503.95

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 225,000.00 A- A1 08/18/20 08/20/20 256,918.50 0.93 726.56 234,149.85 220,937.18

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 AA- Aa3 09/24/20 09/28/20 257,845.50 0.86 4,020.31 233,989.09 221,432.18

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
06051GKE8 225,000.00 A- A1 12/01/21 12/06/21 225,000.00 1.53 812.81 225,000.00 217,731.38

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6 175,000.00 A- A1 02/16/22 02/24/22 175,000.00 2.60 88.30 175,000.00 170,240.18

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A2 05/17/21 05/19/21 224,608.50 1.19 761.88 224,827.03 207,443.25

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 08/12/21 08/16/21 174,947.50 1.26 115.45 174,974.24 159,985.18

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 01/11/22 01/13/22 223,863.75 1.81 563.13 224,349.20 206,967.83

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 01/19/22 01/24/22 39,932.00 1.99 99.67 39,960.70 36,996.32

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A A1 01/26/22 01/28/22 473,945.50 2.10 946.70 474,386.61 437,244.15

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 03/14/23 03/17/23 721,942.50 4.36 1,718.75 728,848.35 725,124.00

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 BBB+ A2 01/13/23 01/18/23 277,203.00 4.59 3,761.25 283,379.08 278,492.70

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 03/15/22 03/17/22 466,089.00 2.70 5,037.64 469,582.07 444,361.08

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 02/17/23 02/22/23 284,925.00 4.66 4,125.00 288,676.15 283,491.00

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa3 01/13/23 01/18/23 488,325.00 4.50 4,447.36 491,296.55 484,275.00

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 01/19/23 01/23/23 741,062.75 3.94 10,550.76 749,141.14 729,803.55

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 02/08/23 02/10/23 376,282.50 4.55 2,360.68 376,007.73 373,123.88

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A- A1 02/17/23 02/22/23 329,189.00 4.76 793.33 333,475.31 331,114.35

TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 05/11/23 05/18/23 87,043.40 4.04 173.78 86,697.83 84,821.50

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 375,000.00 A A2 03/09/23 03/13/23 358,263.75 4.93 446.88 361,546.09 362,759.63

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 60,000.00 A- A2 05/23/23 05/25/23 59,892.00 4.49 786.17 59,908.70 59,218.08

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 375,000.00 A A1 07/21/23 07/25/23 377,865.00 4.78 2,423.44 377,517.92 376,980.00

CITIBANK NA CORP NOTES (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 750,000.00 A+ Aa3 10/02/23 10/04/23 746,280.00 5.92 18,376.17 746,546.29 769,284.00

AIR PRODUCTS & CHEMICALS CORP NOTES
(CAL
DTD 02/08/2024 4.600% 02/08/2029
009158BH8 340,000.00 A A2 02/06/24 02/08/24 339,547.80 4.63 999.22 339,552.67 335,886.34

CISCO SYSTEMS INC CORPORATE NOTES
(CALLA
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 420,000.00 AA- A1 02/21/24 02/26/24 419,853.00 4.86 282.92 419,853.29 419,955.48 Security Type Sub-Total 12,725,000.00 12,702,494.35 3.21 90,345.35 12,632,294.81 12,354,405.69 Certificate of Deposit

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 450,000.00 A A1 10/27/22 10/31/22 450,000.00 5.58 8,960.00 450,000.00 453,867.04

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
65558UYF3 450,000.00 AA- Aa3 11/02/22 11/03/22 450,000.00 5.53 8,156.75 450,000.00 450,785.70 Security Type Sub-Total 900,000.00 900,000.00 5.56 17,116.75 900,000.00 904,652.74 Asset-Backed Security
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 15,014.45 AAA NR 04/20/21 04/28/21 15,012.87 0.38 2.54 15,013.89 14,858.75 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 106,746.12 AAA Aaa 06/15/21 06/23/21 106,744.30 0.33 15.66 106,745.43 104,751.49

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Managed Account Detail of Securities Held For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 104,512.88 AAA NR 06/08/21 06/14/21 104,501.62 0.26 12.08 104,508.52 102,707.17 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 59,286.74 NR Aaa 11/16/21 11/24/21 59,274.25 0.89 14.49 59,281.06 57,737.26 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 35,191.47 AAA NR 04/13/21 04/21/21 35,183.87 0.52 8.13 35,188.37 34,540.24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 46,680.68 AAA NR 11/09/21 11/17/21 46,670.25 0.75 15.35 46,675.56 45,548.36 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 195,000.00 AAA Aaa 09/20/21 09/27/21 194,958.25 0.58 50.27 194,978.64 189,936.77 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 53,528.62 AAA Aaa 10/13/21 10/21/21 53,527.25 0.68 15.17 53,527.91 51,926.40 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 210,000.00 AAA NR 07/12/22 07/20/22 209,995.04 3.97 370.53 209,996.73 206,951.98 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 140,000.00 AAA Aaa 09/20/22 09/28/22 139,971.03 4.46 277.51 139,979.93 138,396.71 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 275,000.00 AAA NR 10/04/22 10/12/22 274,954.93 4.82 552.29 274,967.82 273,543.41 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 245,000.00 AAA NR 01/24/23 01/30/23 244,999.88 4.63 504.16 244,999.91 243,009.67 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 245,000.00 AAA NR 10/27/22 11/03/22 244,961.56 4.95 539.00 244,971.86 244,626.50 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 170,000.00 NR Aaa 02/13/23 02/23/23 169,982.88 5.05 381.56 169,986.51 169,660.12 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 130,000.00 AAA NR 03/28/23 03/31/23 129,986.44 4.65 268.67 129,989.00 128,754.47 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 320,000.00 AAA NR 08/15/23 08/22/23 319,934.02 5.42 625.16 319,941.74 321,378.82

Page 15 ends

Managed Account Detail of Securities Held For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 320,000.00 NR Aaa 04/04/23 04/11/23 319,981.44 4.31 612.98 319,984.79 315,847.26 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 170,000.00 AAA NR 06/08/23 06/16/23 169,961.51 4.79 361.91 169,967.06 169,332.02 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 190,000.00 AAA NR 06/07/23 06/14/23 189,983.15 4.87 411.24 189,985.60 189,453.37 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 490,000.00 AAA NR 05/17/23 05/24/23 489,887.64 4.43 962.58 489,905.07 484,011.61 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 350,000.00 AAA Aaa 06/21/23 06/28/23 349,952.72 4.93 766.89 349,959.16 349,355.65 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 85,000.00 NR Aaa 11/01/23 11/08/23 84,985.03 5.67 133.88 84,985.92 85,924.57 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 350,000.00 AAA Aaa 08/15/23 08/23/23 349,978.30 5.53 860.22 349,980.58 350,577.05 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 405,000.00 AAA NR 09/07/23 09/15/23 404,887.73 5.17 928.80 404,896.89 406,772.69 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 410,000.00 AAA NR 09/12/23 09/19/23 409,981.67 5.23 953.02 409,983.13 412,808.58 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 180,000.00 NR Aaa 12/07/23 12/14/23 179,975.83 4.98 398.40 179,976.76 180,478.80 Security Type Sub-Total 5,300,960.96 5,300,233.46 4.39 10,042.49 5,300,377.84 5,272,889.72 Managed Account Sub-Total 53,791,996.84 52,296,435.38 3.61 271,738.41 52,661,254.75 51,662,597.25 Joint Powers Authority
CAMP Pool 44,627.69 AAAm NR 44,627.69 0.00 44,627.69 44,627.69 Liquid Sub-Total 44,627.69 44,627.69 0.00 44,627.69 44,627.69

Page 16 ends

Managed Account Detail of Securities Held For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
$53,836,624.53 $52,341,063.07 3.61% $271,738.41 $52,705,882.44 $51,707,224.94 $51,978,963.35
$271,738.41
Total Investments
Accrued Interest
Securities Sub-Total

Page 17 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 912828YY0 50,000.00 WELLS_F 97.27 48,632.81 (4,808.60) (2,020.35) DTD 12/31/2019 1.750% 12/31/2024

0.83 5.13
US TREASURY NOTES 912828ZW3 50,000.00 GOLDMAN 94.09 47,046.88 (1,984.37) (2,648.78) DTD 06/30/2020 0.250% 06/30/2025

1.33 4.87
US TREASURY NOTES 91282CBW0 75,000.00 BMO 92.16 69,117.19 (2,340.82) (4,061.08) DTD 04/30/2021 0.750% 04/30/2026

2.15 4.59
US TREASURY NOTES 91282CBW0 475,000.00 CITIGRP 92.16 437,742.19 (25,679.68) (31,450.37) DTD 04/30/2021 0.750% 04/30/2026

2.15 4.59
US TREASURY NOTES 91282CCP4 200,000.00 BMO 91.16 182,312.50 3,304.69 (4,685.31) DTD 07/31/2021 0.625% 07/31/2026

2.40 4.52
US TREASURY NOTES 91282CCP4 250,000.00 HSBC 91.16 227,890.63 1,640.63 (8,577.39) DTD 07/31/2021 0.625% 07/31/2026

2.40 4.52
US TREASURY NOTES 91282CCP4 750,000.00 BMO 91.16 683,671.87 (6,796.88) (30,290.68) DTD 07/31/2021 0.625% 07/31/2026

2.40 4.52
US TREASURY NOTES 91282CCP4 800,000.00 HSBC 91.16 729,250.00 (3,093.75) (30,539.21) DTD 07/31/2021 0.625% 07/31/2026

2.40 4.52
US TREASURY NOTES 91282CCP4 900,000.00 MERRILL 91.16 820,406.25 1,371.09 (32,488.88) DTD 07/31/2021 0.625% 07/31/2026

2.40 4.52
US TREASURY NOTES 91282CCP4 900,000.00 BMO 91.16 820,406.25 843.75 (30,530.21) DTD 07/31/2021 0.625% 07/31/2026

2.40 4.52
US TREASURY NOTES 912828U24 250,000.00 BMO 93.75 234,375.00 6,230.47 (940.86) DTD 11/15/2016 2.000% 11/15/2026

2.63 4.47
US TREASURY NOTES 912828U24 975,000.00 BMO 93.75 914,062.50 6,969.73 (13,272.31) DTD 11/15/2016 2.000% 11/15/2026

2.63 4.47
US TREASURY NOTES 912828U24 2,100,000.00 HSBC 93.75 1,968,750.00 14,683.59 (30,952.35) DTD 11/15/2016 2.000% 11/15/2026

2.63 4.47
US TREASURY NOTES 912828U24 9,500,000.00 JPM_CHA 93.75 8,906,250.00 (16,328.13) (185,259.13) DTD 11/15/2016 2.000% 11/15/2026

2.63 4.47
US TREASURY NOTES 91282CEN7 1,200,000.00 BNP_PAR 95.16 1,141,875.00 (13,546.88) (24,842.69) DTD 04/30/2022 2.750% 04/30/2027

3.02 4.40
US TREASURY NOTES 91282CFB2 375,000.00 MORGAN_ 94.86 355,722.68 (6,606.42) (9,070.21) DTD 07/31/2022 2.750% 07/31/2027

3.28 4.38
US TREASURY NOTES 91282CFB2 400,000.00 BMO 94.86 379,437.52 6,171.90 169.97 DTD 07/31/2022 2.750% 07/31/2027

3.28 4.38

Page 18 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 91282CFB2 600,000.00 CITIGRP 94.86 569,156.28 3,515.65 (1,991.10) DTD 07/31/2022 2.750% 07/31/2027

3.28 4.38
US TREASURY NOTES 91282CFB2 825,000.00 HSBC 94.86 782,589.88 (4,189.42) (10,971.33) DTD 07/31/2022 2.750% 07/31/2027

3.28 4.38
US TREASURY NOTES 91282CFZ9 1,175,000.00 CITIGRP 98.34 1,155,539.06 (14,962.89) (15,139.66) DTD 11/30/2022 3.875% 11/30/2027

3.49 4.36
US TREASURY NOTES 91282CFZ9 1,200,000.00 HSBC 98.34 1,180,125.00 (3,984.38) (4,933.89) DTD 11/30/2022 3.875% 11/30/2027

3.49 4.36
US TREASURY NOTES 91282CGP0 600,000.00 CITIGRP 98.78 592,687.50 (9,820.31) (9,779.75) DTD 02/28/2023 4.000% 02/29/2028

3.73 4.34
Security Type Sub-Total 23,650,000.00 22,247,046.99 (69,411.03) (484,275.57) 2.78 4.46 Municipal Bond / Note
CT ST TXBL GO BONDS 20772KJW0 60,000.00 SIEBERT 98.88 59,325.60 (674.40) (674.40) DTD 06/11/2020 1.998% 07/01/2024

0.34 5.39
CHAFFEY UHSD, CA TXBL GO BONDS 157411TK5 100,000.00 RBC 98.79 98,794.00 (1,206.00) (1,206.00) DTD 12/05/2019 2.101% 08/01/2024

0.42 5.03
NY ST URBAN DEV CORP TXBL REV BONDS 650036DT0 325,000.00 WELLS_F 95.73 311,106.25 (13,893.75) (13,893.75) DTD 12/23/2020 0.870% 03/15/2025

1.03 5.14
UNIV OF CAL TXBL REV BONDS 91412HGE7 85,000.00 JPM_CHA 04/15/25 95.04 80,783.15 (4,216.85) (4,216.85) DTD 07/16/2020 0.883% 05/15/2025

1.12 5.17
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 65,000.00 MERRILL 95.03 61,771.45 (3,688.10) (3,356.51) DTD 09/16/2020 1.258% 07/01/2025

1.33 5.15
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 85,000.00 MERRILL 95.03 80,778.05 (4,785.50) (4,378.87) DTD 09/16/2020 1.258% 07/01/2025

1.33 5.15
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 160,000.00 MERRILL 95.03 152,052.80 (7,947.20) (7,947.20) DTD 09/16/2020 1.258% 07/01/2025

1.33 5.15
MN ST TXBL GO BONDS 60412AVJ9 100,000.00 MORGAN_ 94.27 94,268.00 (5,732.00) (5,732.00) DTD 08/25/2020 0.630% 08/01/2025

1.41 4.86
SAN JUAN USD, CA TXBL GO BONDS 798306WP7 130,000.00 KEYBANC 94.52 122,872.10 (7,127.90) (7,127.90) DTD 10/29/2020 0.852% 08/01/2025

1.41 4.90
LOS ANGELES CCD, CA TXBL GO BONDS 54438CYK2 140,000.00 MERRILL 94.20 131,875.80 (8,124.20) (8,124.20) DTD 11/10/2020 0.773% 08/01/2025

1.41 5.06

Page 19 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Municipal Bond / Note
CA ST UNIV TXBL REV BONDS 13077DQD7 85,000.00 JPM_CHA 93.64 79,591.45 (5,408.55) (5,408.55) DTD 07/29/2021 0.862% 11/01/2025

1.66 4.88
CA ST MUNICIPAL BONDS 13063D3N6 200,000.00 WELLS_F 100.91 201,816.00 1,816.00 1,816.00 DTD 03/15/2023 4.846% 03/01/2027

2.77 4.52
Security Type Sub-Total 1,535,000.00 1,475,034.65 (60,988.45) (60,250.23) 1.39 5.00 Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2 3137BGK24 245,588.15 CITIGRP 98.18 241,111.94 (16,640.49) (6,430.17) DTD 03/01/2015 3.062% 12/01/2024

0.72 5.54
FHMS K054 A2 3137BNGT5 275,000.00 BAIRD 96.14 264,384.83 771.55 (2,920.82) DTD 04/20/2016 2.745% 01/01/2026

1.68 4.95
FHMS K058 A2 3137BSP72 550,000.00 BREAN 94.95 522,209.22 (4,630.62) (10,847.60) DTD 11/09/2016 2.653% 08/01/2026

2.29 4.87
FHMS K061 A2 3137BTUM1 378,006.57 CITIGRP 96.35 364,198.87 (2,172.19) (4,782.54) DTD 01/30/2017 3.347% 11/01/2026

2.41 4.81
FHMS K064 A2 3137BXQY1 550,000.00 MORGAN_ 95.74 526,587.95 7,783.26 3,047.18 DTD 05/15/2017 3.224% 03/01/2027

2.70 4.75
FHLMC MULTIFAMILY STRUCTURED P 3137F1G44 550,000.00 CITIGRP 95.63 525,982.91 (1,050.29) (5,385.52) DTD 07/01/2017 3.243% 04/01/2027

2.83 4.77
FHMS KJ48 A1 3137HBC69 399,079.23 JPM_CHA 99.63 397,601.41 (1,474.62) (1,474.77) DTD 12/01/2023 4.858% 05/01/2028

3.37 4.96
FHMS KJ46 A1 3137HAD45 438,361.93 JPM_CHA 99.18 434,750.88 (3,600.12) (3,601.47) DTD 07/01/2023 4.777% 06/01/2028

2.95 4.99
FHMS K505 A2 3137HACX2 550,000.00 JPM_CHA 100.05 550,268.88 (5,224.52) (4,529.35) DTD 07/01/2023 4.819% 06/01/2028

3.72 4.81
FNA 2023-M6 A2 3136BQDE6 550,000.00 JPM_CHA 97.76 537,683.56 (2,992.22) (4,102.62) DTD 07/01/2023 4.190% 07/01/2028

3.87 4.76
FHMS K508 A2 3137HAQ74 500,000.00 BMO 99.78 498,916.96 9,884.96 9,135.13 DTD 10/01/2023 4.740% 08/01/2028

3.88 4.79
FHMS K506 A2 3137HAMH6 800,000.00 WELLS_F 99.42 795,367.29 7,201.69 6,196.49 DTD 09/01/2023 4.650% 08/01/2028

3.86 4.80
FHMS K509 A2 3137HAST4 375,000.00 MORGAN_ 100.26 375,969.36 12,925.48 12,195.15 DTD 10/01/2023 4.850% 09/01/2028

3.95 4.79

Page 20 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS K507 A2 3137HAMS2 500,000.00 MERRILL 100.04 500,177.93 6,154.43 5,695.41 DTD 09/01/2023 4.800% 09/01/2028

3.91 4.79
FHMS K510 A2 3137HB3D4 180,000.00 JPM_CHA 101.12 182,015.22 2,535.60 2,509.23 DTD 11/01/2023 5.069% 10/01/2028

3.97 4.80
FHMS K511 A2 3137HB3G7 275,000.00 MERRILL 100.26 275,701.53 1,491.60 1,457.41 DTD 12/01/2023 4.860% 10/01/2028

4.01 4.80
FHMS K514 A2 3137HBLV4 290,000.00 JPM_CHA 99.11 287,416.54 (5,483.17) (5,448.87) DTD 02/01/2024 4.572% 12/01/2028

4.10 4.78
Security Type Sub-Total 7,406,035.88 7,280,345.28 5,480.33 (9,287.73) 3.27 4.84 Federal Agency Bond / Note
FREDDIE MAC NOTES 3137EAEU9 425,000.00 WELLS_F 94.09 399,883.78 (22,999.72) (24,527.92) DTD 07/23/2020 0.375% 07/21/2025

1.39 4.82
FANNIE MAE NOTES 3135G05X7 350,000.00 BARCLAY 93.72 328,007.40 (20,354.60) (21,505.87) DTD 08/27/2020 0.375% 08/25/2025

1.48 4.81
FEDERAL HOME LOAN BANK NOTES 3130AK5E2 150,000.00 WELLS_F 93.66 140,483.40 (9,066.60) (9,380.04) DTD 09/11/2020 0.375% 09/04/2025

1.51 4.78
FREDDIE MAC NOTES 3137EAEX3 700,000.00 CITIGRP 93.44 654,090.50 (43,802.50) (45,249.91) DTD 09/25/2020 0.375% 09/23/2025

1.56 4.78
FANNIE MAE NOTES 3135G06G3 650,000.00 BARCLAY 93.19 605,757.10 (41,915.90) (43,455.73) DTD 11/12/2020 0.500% 11/07/2025

1.68 4.75
Security Type Sub-Total 2,275,000.00 2,128,222.18 (138,139.32) (144,119.47) 1.55 4.78 Corporate Note
CHARLES SCHWAB CORP NOTES 808513BN4 105,000.00 CSFB 99.62 104,605.94 (341.56) (393.25) (CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024

0.05 8.26
BANK OF NY MELLON CORP NOTES 06406RAS6 210,000.00 JPM_CHA 03/26/24 99.28 208,484.64 (1,290.66) (1,503.88) (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

0.08 5.17
MORGAN STANLEY CORP NOTES 61746BDQ6 400,000.00 WELLS_FA 99.53 398,100.80 (24,815.20) (2,675.34) DTD 04/28/2014 3.875% 04/29/2024

0.17 6.72

Page 21 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
AMERICAN HONDA FINANCE CORP NOTE 02665WCZ2 400,000.00 WELLS_FA 99.02 396,085.20 (1,930.80) (3,785.38) DTD 06/27/2019 2.400% 06/27/2024

0.33 5.44
GOLDMAN SACHS GROUP INC (CALLABLE) 38141EC23 400,000.00 SUSQ 04/08/24 99.27 397,088.40 (21,543.60) (3,320.15) BONDS
DTD 07/08/2014 3.850% 07/08/2024

0.11 5.91
BMW US CAPITAL LLC CORPORATE NOTES 05565EBU8 70,000.00 GOLDMAN 97.70 68,391.75 (1,601.95) (1,607.31) DTD 08/12/2021 0.750% 08/12/2024

0.45 5.99
WALT DISNEY COMPANY/THE (CALLABLE) 254687FK7 400,000.00 JPM_CHAS 07/30/24 98.18 392,735.20 (5,632.80) (7,101.60) DTD 09/06/2019 1.750% 08/30/2024

0.42 5.48
PACCAR FINANCIAL CORP CORPORATE 69371RQ66 175,000.00 MERRILL 96.92 169,612.10 (13,282.15) (7,117.45) NOTES
DTD 02/06/2020 1.800% 02/06/2025

0.93 5.22
AMERICAN EXPRESS CO CORP NOTES 025816CQ0 80,000.00 BARCLAY 02/01/25 97.00 77,599.92 (2,319.28) (2,372.95) (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

0.90 5.34
ROCHE HOLDINGS INC (CALLABLE) 771196BT8 410,000.00 DEUTSCH 02/10/25 97.01 397,751.25 (12,248.75) (12,248.75)

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

0.93 5.15
HOME DEPOT INC (CALLABLE) CORPORATE 437076CM2 25,000.00 MORGAN_ 03/15/25 97.29 24,323.48 (632.77) (660.42) NOTE
DTD 03/28/2022 2.700% 04/15/2025

1.02 5.20
CINTAS CORPORATION NO. 2 CORP NOTE 17252MAP5 65,000.00 KEYBANC 04/01/25 97.89 63,629.61 (1,356.09) (1,364.82) (CALL
DTD 05/03/2022 3.450% 05/01/2025

1.06 5.33
USAA CAPITAL CORP CORPORATE NOTES 90327QD89 225,000.00 MERRILL 98.07 220,648.05 (3,616.20) (4,059.30) DTD 05/26/2022 3.375% 05/01/2025

1.14 5.10
GENERAL DYNAMICS CORP (CALLABLE) 369550BG2 225,000.00 JPM_CHA 03/15/25 98.04 220,582.35 (31,665.15) (10,843.79)

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

1.02 5.19
JPMORGAN CHASE & CO (CALLABLE) CORP 46647PCH7 315,000.00 JPM_CHA 06/01/24 98.69 310,882.01 (4,117.99) (4,117.99) NOTE
DTD 06/01/2021 0.824% 06/01/2025

0.26 1.88
AMAZON INC CORP NOTES (CALLABLE) 023135BQ8 475,000.00 GOLDMAN 05/03/25 94.91 450,834.85 (23,932.40) (24,106.58) DTD 06/03/2020 0.800% 06/03/2025

1.17 5.02

Page 22 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
NATIONAL AUSTRALIA BK/NY CORPORATE 63254ABD9 250,000.00 CITIGRP 98.00 245,012.00 (4,988.00) (4,988.00) NOTES
DTD 06/09/2022 3.500% 06/09/2025

1.25 5.13
NATIONAL RURAL UTIL COOP CORPORATE 63743HFE7 50,000.00 RBC 97.73 48,865.95 (1,120.55) (1,128.46) NOTES
DTD 05/04/2022 3.450% 06/15/2025

1.27 5.29
IBM CORP CORPORATE NOTES 459200KS9 225,000.00 JPM_CHA 98.45 221,503.95 (3,496.05) (3,496.05) DTD 07/27/2022 4.000% 07/27/2025

1.38 5.16
BANK OF AMERICA CORP NOTES 06051GFS3 225,000.00 MERRILL 98.19 220,937.18 (35,981.32) (13,212.67) DTD 07/30/2015 3.875% 08/01/2025

1.39 5.21
ABBOTT LABORATORIES CORPORATE 002824BM1 225,000.00 US_BANC 06/15/25 98.41 221,432.18 (36,413.32) (12,556.91)

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

1.25 4.95
BANK OF AMERICA CORP NOTES 06051GKE8 225,000.00 MERRILL 12/06/24 96.77 217,731.38 (7,268.62) (7,268.62) (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

0.76 3.43
JPMORGAN CHASE & CO CORP NOTES 46647PCV6 175,000.00 JPM_CHA 02/24/25 97.28 170,240.18 (4,759.82) (4,759.82) (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

0.98 4.04
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 CITIGRP 04/15/26 92.20 207,443.25 (17,165.25) (17,383.78) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

2.10 4.92
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 MITSU 07/12/26 91.42 159,985.18 (14,962.32) (14,989.06)

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

2.34 5.01
CATERPILLAR FINL SERVICE CORPORATE 14913R2U0 225,000.00 JPM_CHA 91.99 206,967.83 (16,895.92) (17,381.37) NOTES
DTD 01/10/2022 1.700% 01/08/2027

2.79 4.73
TARGET CORP CORP NOTES (CALLABLE) 87612EBM7 40,000.00 CITIGRP 12/15/26 92.49 36,996.32 (2,935.68) (2,964.38) DTD 01/24/2022 1.950% 01/15/2027

2.72 4.78
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 DEUTSCH 12/26/26 92.05 437,244.15 (36,701.35) (37,142.46) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

2.75 5.02

Page 23 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
MICROSOFT CORP CORP NOTES 594918BY9 750,000.00 GOLDMAN 11/06/26 96.68 725,124.00 3,181.50 (3,724.35) (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027

2.58 4.52
AMERICAN EXPRESS CO CORP NOTES 025816CS6 300,000.00 RBS 02/01/27 92.83 278,492.70 1,289.70 (4,886.38) (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

2.79 5.15
BERKSHIRE HATHAWAY CORP NOTES 084664CZ2 475,000.00 SEEL 02/15/27 93.55 444,361.08 (21,727.92) (25,220.99) (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

2.84 4.60
CHARLES SCHWAB CORP NOTES 808513BW4 300,000.00 BARCLAY 01/01/27 94.50 283,491.00 (1,434.00) (5,185.15) (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

2.69 5.25
NATIONAL AUSTRALIA BK/NY CORPORATE 63254ABE7 500,000.00 CBAA 96.86 484,275.00 (4,050.00) (7,021.55) NOTES
DTD 06/09/2022 3.905% 06/09/2027

3.08 4.96
APPLE INC (CALLABLE) BONDS 037833DB3 775,000.00 TD 06/12/27 94.17 729,803.55 (11,259.20) (19,337.59) DTD 09/12/2017 2.900% 09/12/2027

3.11 4.71
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WELLS_F 99.50 373,123.88 (3,158.62) (2,883.85)

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

3.56 4.77
NATIONAL RURAL UTIL COOP CORP NOTES 637432NP6 350,000.00 MORGAN_ 11/07/27 94.60 331,114.35 1,925.35 (2,360.96) (CAL
DTD 02/07/2018 3.400% 02/07/2028

3.48 4.92
TEXAS INSTRUMENTS INC CORP NOTE 882508BV5 85,000.00 JPM_CHA 01/15/28 99.79 84,821.50 (2,221.90) (1,876.33) (CALLABL
DTD 11/18/2022 4.600% 02/15/2028

3.59 4.66
BRISTOL-MYERS SQUIBB CO CORP NOTES 110122DE5 375,000.00 MKTX 11/20/27 96.74 362,759.63 4,495.88 1,213.54 (CALL
DTD 07/15/2020 3.900% 02/20/2028

3.49 4.81
LOCKHEED MARTIN CORP NOTES 539830BZ1 60,000.00 BARCLAY 04/15/28 98.70 59,218.08 (673.92) (690.62) (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028

3.76 4.79

Page 24 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
JOHN DEERE CAPITAL CORP CORPORATE 24422EXB0 375,000.00 CITIGRP 100.53 376,980.00 (885.00) (537.92) NOTES
DTD 07/14/2023 4.950% 07/14/2028

3.96 4.81
CITIBANK NA CORP NOTES (CALLABLE) 17325FBB3 750,000.00 BARCLAY 08/29/28 102.57 769,284.00 23,004.00 22,737.71 DTD 09/29/2023 5.803% 09/29/2028

3.93 5.17
AIR PRODUCTS & CHEMICALS CORP NOTES 009158BH8 340,000.00 BARCLAY 01/08/29 98.79 335,886.34 (3,661.46) (3,666.33) (CAL
DTD 02/08/2024 4.600% 02/08/2029

4.39 4.88
CISCO SYSTEMS INC CORPORATE NOTES 17275RBR2 420,000.00 CITIGRP 01/26/29 99.99 419,955.48 102.48 102.19 (CALLA
DTD 02/26/2024 4.850% 02/26/2029

4.42 4.85
Security Type Sub-Total 12,725,000.00 12,354,405.69 (348,088.66) (277,889.12) 2.19 4.98 Certificate of Deposit
TORONTO DOMINION BANK NY CERT 89115B6K1 450,000.00 TD 100.86 453,867.04 3,867.04 3,867.04 DEPOS
DTD 10/31/2022 5.600% 10/27/2025

1.62 4.97
NORDEA BANK ABP NEW YORK CERT 65558UYF3 450,000.00 WELLS_F 100.17 450,785.70 785.70 785.70 DEPOS
DTD 11/03/2022 5.530% 11/03/2025

1.60 5.41
Security Type Sub-Total 900,000.00 904,652.74 4,652.74 4,652.74 1.61 5.19 Asset-Backed Security
HART 2021-A A3 44933LAC7 15,014.45 BARCLAY 98.96 14,858.75 (154.12) (155.14) DTD 04/28/2021 0.380% 09/15/2025

0.18 1.06
NAROT 2021-A A3 65480BAC1 106,746.12 MITSU 98.13 104,751.49 (1,992.81) (1,993.94) DTD 06/23/2021 0.330% 10/15/2025

0.32 1.49
TAOT 2021-B A3 89190GAC1 104,512.88 CITIGRP 98.27 102,707.17 (1,794.45) (1,801.35) DTD 06/14/2021 0.260% 11/17/2025

0.30 1.28
HAROT 2021-4 A3 43815GAC3 59,286.74 MERRILL 97.39 57,737.26 (1,536.99) (1,543.80) DTD 11/24/2021 0.880% 01/21/2026

0.53 2.29

Page 25 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
CARMX 2021-2 A3 14314QAC8 35,191.47 MERRILL 98.15 34,540.24 (643.63) (648.13) DTD 04/21/2021 0.520% 02/17/2026

0.30 1.48
HART 2021-C A3 44935FAD6 46,680.68 SMBC 97.57 45,548.36 (1,121.89) (1,127.20) DTD 11/17/2021 0.740% 05/15/2026

0.45 1.86
DCENT 2021-A1 A1 254683CP8 195,000.00 CITIGRP 97.40 189,936.77 (5,021.48) (5,041.87) DTD 09/27/2021 0.580% 09/15/2026

0.52 1.62
GMCAR 2021-4 A3 362554AC1 53,528.62 JPM_CHA 97.01 51,926.40 (1,600.85) (1,601.51) DTD 10/21/2021 0.680% 09/16/2026

0.58 1.89
CARMX 2022-3 A3 14318MAD1 210,000.00 RBC 98.55 206,951.98 (3,043.06) (3,044.75) DTD 07/20/2022 3.970% 04/15/2027

0.89 4.47
NAROT 2022-B A3 65480JAC4 140,000.00 WELLS_F 98.85 138,396.71 (1,574.32) (1,583.22) DTD 09/28/2022 4.460% 05/17/2027

1.16 4.85
GMCAR 2022-4 A3 36265QAD8 275,000.00 RBC 99.47 273,543.41 (1,411.52) (1,424.41) DTD 10/12/2022 4.820% 08/16/2027

1.08 4.99
TAOT 2023-A A3 891940AC2 245,000.00 MERRILL 99.19 243,009.67 (1,990.21) (1,990.24) DTD 01/30/2023 4.630% 09/15/2027

1.29 4.88
COMET 2022-A3 A 14041NGB1 245,000.00 RBC 99.85 244,626.50 (335.06) (345.36) DTD 11/03/2022 4.950% 10/15/2027

1.52 5.00
HDMOT 2023-A A3 41285JAD0 170,000.00 JPM_CHA 99.80 169,660.12 (322.76) (326.39) DTD 02/23/2023 5.050% 12/15/2027

1.49 5.11
FORDO 2023-A A3 344928AD8 130,000.00 BNP_PAR 99.04 128,754.47 (1,231.97) (1,234.53) DTD 03/31/2023 4.650% 02/15/2028

1.51 4.92
HAROT 2023-3 A3 43815QAC1 320,000.00 MERRILL 100.43 321,378.82 1,444.80 1,437.08 DTD 08/22/2023 5.410% 02/18/2028

1.76 5.29
DCENT 2023-A1 A 254683CY9 320,000.00 RBC 98.70 315,847.26 (4,134.18) (4,137.53) DTD 04/11/2023 4.310% 03/15/2028

1.89 4.66
BACCT 2023-A1 A1 05522RDG0 170,000.00 MERRILL 99.61 169,332.02 (629.49) (635.04) DTD 06/16/2023 4.790% 05/15/2028

2.03 4.89
AMXCA 2023-1 A 02582JJZ4 190,000.00 RBC 99.71 189,453.37 (529.78) (532.23) DTD 06/14/2023 4.870% 05/15/2028

2.03 4.95
COMET 2023-A1 A 14041NGD7 490,000.00 RBC 98.78 484,011.61 (5,876.03) (5,893.46) DTD 05/24/2023 4.420% 05/15/2028

2.04 4.74
DCENT 2023-A2 A 254683CZ6 350,000.00 MERRILL 99.82 349,355.65 (597.07) (603.51) DTD 06/28/2023 4.930% 06/15/2028

2.10 4.98

Page 26 ends

Managed Account Fair Market Value & Analytics For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
HAROT 2023-4 A3 438123AC5 85,000.00 JPM_CHA 101.09 85,924.57 939.54 938.65 DTD 11/08/2023 5.670% 06/21/2028

2.01 5.39
FITAT 2023-1 A3 31680EAD3 350,000.00 JPM_CHA 100.16 350,577.05 598.75 596.47 DTD 08/23/2023 5.530% 08/15/2028

1.84 5.49
CHAIT 2023-A1 A 161571HT4 405,000.00 JPM_CHA 100.44 406,772.69 1,884.96 1,875.80 DTD 09/15/2023 5.160% 09/15/2028

2.31 5.05
AMXCA 2023-3 A 02582JKD1 410,000.00 CITIGRP 100.69 412,808.58 2,826.91 2,825.45 DTD 09/19/2023 5.230% 09/15/2028

2.31 5.06
BACCT 2023-A2 A2 05522RDH8 180,000.00 MERRILL 100.27 180,478.80 502.97 502.04 DTD 12/14/2023 4.980% 11/15/2028

2.46 4.92
Security Type Sub-Total 5,300,960.96 5,272,889.72 (27,343.74) (27,488.12) 1.67 4.60 Managed Account Sub-Total 53,791,996.84 51,662,597.25 (633,838.13) (998,657.50) 2.48 4.69 Joint Powers Authority
CAMP Pool 44,627.69 1.00 44,627.69 0.00 0.00 0.00
Liquid Sub-Total 44,627.69 44,627.69 0.00 0.00 0.00
Total Investments $51,978,963.35
$271,738.41
$51,707,224.94
Accrued Interest
Securities Sub-Total $53,836,624.53 ($633,838.13) ($998,657.50) 2.48 4.69%

Page 27 ends

Managed Account Security Transactions & Interest For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
02/08/24 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
02/01/24 3137HBLV4 290,000.00 (292,899.71) (257.81) (293,157.52) 02/06/24 US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
02/02/24 91282CGP0 600,000.00 (602,507.81) (10,483.52) (612,991.33) 02/08/24 AIR PRODUCTS & CHEMICALS CORP

NOTES (CAL
DTD 02/08/2024 4.600% 02/08/2029
02/06/24 009158BH8 340,000.00 (339,547.80) 0.00 (339,547.80) 02/26/24 CISCO SYSTEMS INC CORPORATE

NOTES (CALLA
DTD 02/26/2024 4.850% 02/26/2029
02/21/24 17275RBR2 420,000.00 (419,853.00) 0.00 (419,853.00) Transaction Type Sub-Total 1,650,000.00 (1,654,808.32) (10,741.33) (1,665,549.65)

INTEREST
02/01/24 BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
02/01/24 06051GFS3 225,000.00 0.00 4,359.38 4,359.38
02/01/24 SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
02/01/24 798306WP7 130,000.00 0.00 553.80 553.80
02/01/24 CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
02/01/24 157411TK5 100,000.00 0.00 1,050.50 1,050.50
02/01/24 MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
02/01/24 60412AVJ9 100,000.00 0.00 315.00 315.00
02/01/24 LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
02/01/24 54438CYK2 140,000.00 0.00 541.10 541.10
02/25/24 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
02/01/24 3137HAQ74 500,000.00 0.00 1,975.00 1,975.00
02/25/24 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
02/01/24 3137HAMS2 500,000.00 0.00 2,000.00 2,000.00
02/25/24 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
02/01/24 3137BXQY1 550,000.00 0.00 1,477.67 1,477.67
02/25/24 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
02/01/24 3137HBC69 399,541.01 0.00 1,617.48 1,617.48
02/25/24 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
02/01/24 3137BTUM1 378,720.49 0.00 1,056.31 1,056.31

Page 28 ends

Managed Account Security Transactions & Interest For the Month Ending February 29, 2024

INTEREST
02/25/24 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
02/01/24 3137HAST4 375,000.00 0.00 1,515.63 1,515.63
02/25/24 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
02/01/24 3136BQDE6 550,000.00 0.00 1,920.42 1,920.42
02/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
02/01/24 3137HAD45 438,589.06 0.00 1,745.95 1,745.95
02/25/24 FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
02/01/24 3137F1G44 550,000.00 0.00 1,486.38 1,486.38
02/25/24 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
02/01/24 3137HB3D4 180,000.00 0.00 760.35 760.35
02/25/24 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
02/01/24 3137BNGT5 275,000.00 0.00 629.06 629.06
02/25/24 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
02/01/24 3137HACX2 550,000.00 0.00 2,208.71 2,208.71
02/25/24 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
02/01/24 3137HAMH6 800,000.00 0.00 3,100.00 3,100.00
02/25/24 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
02/01/24 3137BSP72 550,000.00 0.00 1,215.96 1,215.96
02/25/24 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
02/01/24 3137HB3G7 275,000.00 0.00 1,113.75 1,113.75
02/25/24 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
02/01/24 3137BGK24 245,996.40 0.00 627.70 627.70
02/06/24 MICROSOFT CORP CORP NOTES
(CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
02/06/24 594918BY9 750,000.00 0.00 12,375.00 12,375.00
02/06/24 PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
02/06/24 69371RQ66 175,000.00 0.00 1,575.00 1,575.00
02/07/24 NATIONAL RURAL UTIL COOP CORP

NOTES (CAL
DTD 02/07/2018 3.400% 02/07/2028
02/07/24 637432NP6 350,000.00 0.00 5,950.00 5,950.00
02/12/24 BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
02/12/24 05565EBW4 175,000.00 0.00 1,093.75 1,093.75

Page 29 ends

Managed Account Security Transactions & Interest For the Month Ending February 29, 2024

INTEREST
02/12/24 BMW US CAPITAL LLC CORPORATE
NOTES
DTD 08/12/2021 0.750% 08/12/2024
02/12/24 05565EBU8 70,000.00 0.00 262.50 262.50
02/15/24 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
02/15/24 14041NGD7 490,000.00 0.00 1,804.83 1,804.83
02/15/24 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
02/15/24 05522RDG0 170,000.00 0.00 678.58 678.58
02/15/24 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
02/15/24 254683CP8 195,000.00 0.00 94.25 94.25
02/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
02/15/24 44935FAD6 50,986.18 0.00 31.44 31.44
02/15/24 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02/15/24 02582JKD1 410,000.00 0.00 1,786.92 1,786.92
02/15/24 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
02/15/24 254683CY9 320,000.00 0.00 1,149.33 1,149.33
02/15/24 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
02/15/24 89190GAC1 118,768.93 0.00 25.73 25.73
02/15/24 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
02/15/24 41285JAD0 170,000.00 0.00 715.42 715.42
02/15/24 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
02/15/24 14041NGB1 245,000.00 0.00 1,010.63 1,010.63
02/15/24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
02/15/24 05522RDH8 180,000.00 0.00 747.00 747.00
02/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
02/15/24 65480JAC4 140,000.00 0.00 520.33 520.33
02/15/24 TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
02/15/24 882508BV5 85,000.00 0.00 1,955.00 1,955.00
02/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
02/15/24 14318MAD1 210,000.00 0.00 694.75 694.75
02/15/24 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
02/15/24 344928AD8 130,000.00 0.00 503.75 503.75
02/15/24 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
02/15/24 891940AC2 245,000.00 0.00 945.29 945.29

Page 30 ends

Managed Account Security Transactions & Interest For the Month Ending February 29, 2024

INTEREST
02/15/24 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
02/15/24 65480BAC1 120,292.16 0.00 33.08 33.08
02/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
02/15/24 14314QAC8 39,613.16 0.00 17.17 17.17
02/15/24 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
02/15/24 254683CZ6 350,000.00 0.00 1,437.92 1,437.92
02/15/24 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
02/15/24 31680EAD3 350,000.00 0.00 1,612.92 1,612.92
02/15/24 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
02/15/24 161571HT4 405,000.00 0.00 1,741.50 1,741.50
02/15/24 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
02/15/24 44933LAC7 18,336.11 0.00 5.81 5.81
02/15/24 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02/15/24 02582JJZ4 190,000.00 0.00 771.08 771.08
02/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
02/16/24 362554AC1 57,381.81 0.00 32.52 32.52
02/16/24 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
02/16/24 36265QAD8 275,000.00 0.00 1,104.58 1,104.58
02/18/24 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
02/18/24 43815QAC1 320,000.00 0.00 1,442.67 1,442.67
02/20/24 BRISTOL-MYERS SQUIBB CO CORP

NOTES (CALL
DTD 07/15/2020 3.900% 02/20/2028
02/20/24 110122DE5 375,000.00 0.00 7,312.50 7,312.50
02/21/24 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
02/21/24 43815GAC3 64,458.89 0.00 47.27 47.27
02/21/24 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
02/21/24 438123AC5 85,000.00 0.00 401.63 401.63
02/24/24 JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
02/24/24 46647PCV6 175,000.00 0.00 2,270.63 2,270.63
02/25/24 FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
02/25/24 3135G05X7 350,000.00 0.00 656.25 656.25

Page 31 ends

Managed Account Security Transactions & Interest For the Month Ending February 29, 2024

INTEREST
02/28/24 WALT DISNEY COMPANY/THE
(CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
02/28/24 254687FK7 400,000.00 0.00 3,500.00 3,500.00
02/29/24 US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
02/29/24 91282CGP0 600,000.00 0.00 12,000.00 12,000.00
Transaction Type Sub-Total 16,667,684.20 0.00 99,577.18 99,577.18

PAYDOWNS
02/25/24 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
02/01/24 3137BTUM1 713.92 713.92 0.00 713.92 21.98 0.00 02/25/24 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
02/01/24 3137BGK24 408.25 408.25 0.00 408.25 (20.22) 0.00 02/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
02/01/24 3137HAD45 227.13 227.13 0.00 227.13 0.01 0.00
02/25/24 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
02/01/24 3137HBC69 461.78 461.78 0.00 461.78 0.00 0.00
02/15/24 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
02/15/24 44933LAC7 3,321.66 3,321.66 0.00 3,321.66 0.35 0.00 02/15/24 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
02/15/24 89190GAC1 14,256.05 14,256.05 0.00 14,256.05 1.54 0.00 02/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
02/15/24 44935FAD6 4,305.50 4,305.50 0.00 4,305.50 0.96 0.00 02/15/24 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
02/15/24 65480BAC1 13,546.04 13,546.04 0.00 13,546.04 0.23 0.00 02/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
02/15/24 14314QAC8 4,421.69 4,421.69 0.00 4,421.69 0.95 0.00 02/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
02/16/24 362554AC1 3,853.19 3,853.19 0.00 3,853.19 0.10 0.00 02/21/24 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
02/21/24 43815GAC3 5,172.15 5,172.15 0.00 5,172.15 1.09 0.00 Transaction Type Sub-Total 50,687.36 50,687.36 0.00 50,687.36 6.99 0.00 SELL

Page 32 ends

Managed Account Security Transactions & Interest For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
02/08/24 US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
02/01/24 912828ZW3 100,000.00 94,457.03 26.79 94,483.82 (3,605.47) (4,906.74) FIFO 02/06/24 INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
02/02/24 4581X0DZ8 635,000.00 616,953.30 1,172.99 618,126.29 (17,576.80) (17,948.09) FIFO 02/08/24 US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
02/06/24 91282CFB2 400,000.00 382,218.75 241.76 382,460.51 8,953.12 3,316.96 FIFO 02/26/24 US TREASURY NOTES
DTD 04/30/2021 0.750% 04/30/2026
02/21/24 91282CBW0 300,000.00 276,457.03 729.40 277,186.43 (16,230.47) (19,856.54) FIFO Transaction Type Sub-Total 1,435,000.00 1,370,086.11 2,170.94 1,372,257.05 (28,459.62) (39,394.41) Managed Account Sub-Total (234,034.85) 91,006.79 (143,028.06) (28,452.63) (39,394.41) Total Security Transactions ($234,034.85) $91,006.79 ($143,028.06) ($28,452.63) ($39,394.41)

Page 33 ends

Account Statement For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
Opening Balance 191,349.05
02/01/24 02/01/24 Purchase - Interest 06051GFS3 1.00 4,359.38 195,708.43 02/01/24 02/01/24 Purchase - Interest 157411TK5 1.00 1,050.50 196,758.93 02/01/24 02/01/24 Purchase - Interest 54438CYK2 1.00 541.10 197,300.03 02/01/24 02/01/24 Purchase - Interest 60412AVJ9 1.00 315.00 197,615.03 02/01/24 02/01/24 Purchase - Interest 798306WP7 1.00 553.80 198,168.83 02/06/24 02/06/24 Purchase - Interest 594918BY9 1.00 12,375.00 210,543.83 02/06/24 02/06/24 Purchase - Interest 69371RQ66 1.00 1,575.00 212,118.83 02/06/24 02/06/24 Purchase - Interest 4581X0DZ8 1.00 1,172.99 213,291.82 02/06/24 02/06/24 Purchase - Principal 4581X0DZ8 1.00 616,953.30 830,245.12 02/06/24 02/06/24 Redemption - Interest 91282CGP0 1.00 (10,483.52) 819,761.60 02/06/24 02/06/24 Redemption - Principal 91282CGP0 1.00 (602,507.81) 217,253.79 02/07/24 02/07/24 Purchase - Interest 637432NP6 1.00 5,950.00 223,203.79 02/08/24 02/08/24 Purchase - Interest 912828ZW3 1.00 26.79 223,230.58 02/08/24 02/08/24 Purchase - Principal 912828ZW3 1.00 94,457.03 317,687.61 02/08/24 02/08/24 Purchase - Principal 91282CFB2 1.00 382,218.75 699,906.36 02/08/24 02/08/24 Purchase - Interest 91282CFB2 1.00 241.76 700,148.12 02/08/24 02/08/24 Redemption - Principal 009158BH8 1.00 (339,547.80) 360,600.32 02/08/24 02/08/24 Redemption - Principal 3137HBLV4 1.00 (292,899.71) 67,700.61 02/08/24 02/08/24 Redemption - Interest 3137HBLV4 1.00 (257.81) 67,442.80 02/12/24 02/12/24 Purchase - Interest 05565EBU8 1.00 262.50 67,705.30 02/12/24 02/12/24 Purchase - Interest 05565EBW4 1.00 1,093.75 68,799.05

Page 34 ends

Account Statement For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
02/15/24 02/15/24 Purchase - Interest 882508BV5 1.00 1,955.00 70,754.05 02/15/24 02/15/24 Purchase - Interest 02582JJZ4 1.00 771.08 71,525.13 02/15/24 02/15/24 Purchase - Interest 02582JKD1 1.00 1,786.92 73,312.05 02/15/24 02/15/24 Purchase - Interest 05522RDG0 1.00 678.58 73,990.63 02/15/24 02/15/24 Purchase - Interest 05522RDH8 1.00 747.00 74,737.63 02/15/24 02/15/24 Purchase - Interest 14041NGB1 1.00 1,010.63 75,748.26 02/15/24 02/15/24 Purchase - Interest 14041NGD7 1.00 1,804.83 77,553.09 02/15/24 02/15/24 Purchase - Interest 14314QAC8 1.00 17.17 77,570.26 02/15/24 02/15/24 Purchase - Interest 14318MAD1 1.00 694.75 78,265.01 02/15/24 02/15/24 Purchase - Interest 161571HT4 1.00 1,741.50 80,006.51 02/15/24 02/15/24 Purchase - Interest 254683CP8 1.00 94.25 80,100.76 02/15/24 02/15/24 Purchase - Interest 254683CY9 1.00 1,149.33 81,250.09 02/15/24 02/15/24 Purchase - Interest 254683CZ6 1.00 1,437.92 82,688.01 02/15/24 02/15/24 Purchase - Interest 31680EAD3 1.00 1,612.92 84,300.93 02/15/24 02/15/24 Purchase - Interest 344928AD8 1.00 503.75 84,804.68 02/15/24 02/15/24 Purchase - Interest 41285JAD0 1.00 715.42 85,520.10 02/15/24 02/15/24 Purchase - Interest 44933LAC7 1.00 5.81 85,525.91 02/15/24 02/15/24 Purchase - Interest 44935FAD6 1.00 31.44 85,557.35 02/15/24 02/15/24 Purchase - Interest 65480BAC1 1.00 33.08 85,590.43 02/15/24 02/15/24 Purchase - Interest 65480JAC4 1.00 520.33 86,110.76 02/15/24 02/15/24 Purchase - Interest 89190GAC1 1.00 25.73 86,136.49 02/15/24 02/15/24 Purchase - Interest 891940AC2 1.00 945.29 87,081.78

Page 35 ends

Account Statement For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
02/15/24 02/15/24 Purchase - Principal 14314QAC8 1.00 4,421.69 91,503.47 02/15/24 02/15/24 Purchase - Principal 44933LAC7 1.00 3,321.66 94,825.13 02/15/24 02/15/24 Purchase - Principal 89190GAC1 1.00 14,256.05 109,081.18 02/15/24 02/15/24 Purchase - Principal 44935FAD6 1.00 4,305.50 113,386.68 02/15/24 02/15/24 Purchase - Principal 65480BAC1 1.00 13,546.04 126,932.72 02/16/24 02/16/24 Purchase - Interest 362554AC1 1.00 32.52 126,965.24 02/16/24 02/16/24 Purchase - Interest 36265QAD8 1.00 1,104.58 128,069.82 02/16/24 02/16/24 Purchase - Principal 362554AC1 1.00 3,853.19 131,923.01 02/20/24 02/20/24 Purchase - Interest 110122DE5 1.00 7,312.50 139,235.51 02/20/24 02/20/24 Purchase - Interest 43815QAC1 1.00 1,442.67 140,678.18 02/21/24 02/21/24 Purchase - Interest 43815GAC3 1.00 47.27 140,725.45 02/21/24 02/21/24 Purchase - Interest 438123AC5 1.00 401.63 141,127.08 02/21/24 02/21/24 Purchase - Principal 43815GAC3 1.00 5,172.15 146,299.23 02/26/24 02/26/24 Purchase - Interest 3135G05X7 1.00 656.25 146,955.48 02/26/24 02/26/24 Purchase - Interest 46647PCV6 1.00 2,270.63 149,226.11 02/26/24 02/26/24 Purchase - Interest 3137BNGT5 1.00 629.06 149,855.17 02/26/24 02/26/24 Purchase - Interest 3137BSP72 1.00 1,215.96 151,071.13 02/26/24 02/26/24 Purchase - Interest 3137BTUM1 1.00 1,056.31 152,127.44 02/26/24 02/26/24 Purchase - Interest 3137HAMH6 1.00 3,100.00 155,227.44 02/26/24 02/26/24 Purchase - Interest 3137HAMS2 1.00 2,000.00 157,227.44 02/26/24 02/26/24 Purchase - Interest 3137HAQ74 1.00 1,975.00 159,202.44 02/26/24 02/26/24 Purchase - Interest 3137HAST4 1.00 1,515.63 160,718.07

Page 36 ends

Account Statement For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
02/26/24 02/26/24 Purchase - Interest 3137HB3D4 1.00 760.35 161,478.42 02/26/24 02/26/24 Purchase - Interest 3137HB3G7 1.00 1,113.75 162,592.17 02/26/24 02/26/24 Purchase - Interest 3137HBC69 1.00 1,617.48 164,209.65 02/26/24 02/26/24 Purchase - Interest 3137BXQY1 1.00 1,477.67 165,687.32 02/26/24 02/26/24 Purchase - Interest 3137HACX2 1.00 2,208.71 167,896.03 02/26/24 02/26/24 Purchase - Interest 3137HAD45 1.00 1,745.95 169,641.98 02/26/24 02/26/24 Purchase - Interest 3137F1G44 1.00 1,486.38 171,128.36 02/26/24 02/26/24 Purchase - Interest 3136BQDE6 1.00 1,920.42 173,048.78 02/26/24 02/26/24 Purchase - Interest 3137BGK24 1.00 627.70 173,676.48 02/26/24 02/26/24 Purchase - Principal 91282CBW0 1.00 276,457.03 450,133.51 02/26/24 02/26/24 Purchase - Interest 91282CBW0 1.00 729.40 450,862.91 02/26/24 02/26/24 Purchase - Principal 3137BTUM1 1.00 713.92 451,576.83 02/26/24 02/26/24 Purchase - Principal 3137HAD45 1.00 227.13 451,803.96 02/26/24 02/26/24 Purchase - Principal 3137HBC69 1.00 461.78 452,265.74 02/26/24 02/26/24 Purchase - Principal 3137BGK24 1.00 408.25 452,673.99 02/26/24 02/26/24 Redemption - Principal 17275RBR2 1.00 (419,853.00) 32,820.99 02/26/24 02/26/24 IP Fees January 2024 1.00 (3,994.95) 28,826.04 02/26/24 02/26/24 U.S. Bank Fees December 2023 1.00 (234.80) 28,591.24 02/28/24 02/28/24 Purchase - Interest 254687FK7 1.00 3,500.00 32,091.24 02/29/24 02/29/24 Purchase - Interest 91282CGP0 1.00 12,000.00 44,091.24 02/29/24 03/01/24 Accrual Income Div Reinvestment - Distributions 1.00 536.45 44,627.69

Page 37 ends

Account Statement For the Month Ending February 29, 2024

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned 44,627.69
44,627.69
44,627.69
123,040.36
1,014.34

0.00 (2,848,969.92)
2,776,824.65
116,772.96
536.45
44,627.69

0.00 (1,669,779.40)
1,523,058.04
191,349.05
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Month of Fiscal YTD
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
February January-February

5.50%

Page 38 ends

5) Agreement with GMS Elevator Services Inc. for repairing the Damaged Elevator at Rosetta Canyon Sports Park
Approve and authorize the City Manager to execute the Contractor Services Agreement with GMS Elevator Services Inc. for the repair of the damaged elevator at Rosetta Canyon Sports Park for a not-to-exceed amount of $151,265.00 in such final form as approved by the City Attorney; and authorize the City Manager to execute change orders not exceeding a 10% contingency of $15,126.50 for uncertainties and adjustments.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: March 12, 2024
Subject: Agreement with GMS Elevator Services Inc. for repairing the Damaged Elevator at Rosetta Canyon Sports Park
Recommendation
Approve and authorize the City Manager to execute the Contractor Services Agreement with GMS Elevator Services Inc. for the repair of the damaged elevator at Rosetta Canyon Sports Park for a not-to-exceed amount of $151,265.00 in such final form as approved by the City Attorney; and authorize the City Manager to execute change orders not exceeding a 10% contingency of $15,126.50 for uncertainties and adjustments.

Background
On September 20, 2023, the Rosetta Canyon Sports Park restroom and concession building sustained a fire in the elevator lobby. The fire was rapidly reported and extinguished by fire department responders. While extinguishing the fire, water damaged the elevator's control components, making the elevator unusable.

Discussion
Staff filed an insurance claim for the loss and repair of property with the City's insurance carrier.

The City's insurance claim has been accepted, and the cost of the damaged property has been recovered. The elevator repair is the only remaining item to be resolved from this damaged claim, and the insurance adjusting agent has requested estimates for the elevator damage. Below are the repair estimates. Elevator Support Services provided a repair estimate acceptable to the insurance company, and on January 23, 2024, the City Council awarded an agreement. Unfortunately, Elevator Support Services has failed to deliver liability insurance, labor, material, and performance bonds to the City and a signed agreement. All these requirements are needed to execute an agreement and begin work.

Staff has received another repair estimate pre-approved by the City's insurance company from GMS Elevator Services Inc. The GMS Elevator Services Inc. repair estimate is very competitive, GMS Elevator Services, Inc.

Page 2 of 2 ends

and they can satisfy all the contractual requirements. The City's insurance carrier has approved the repair estimate from Elevator Support Services for $151,265.00. With the approval of this agreement, the City will initiate the repair of the elevator.

Fiscal Impact
The repair cost is covered under the City's property loss, all risk insurance.

Attachments
Attachment 1- Agreement GMS Elevator Services
Exhibit A - Proposal GMS Elevator Services

Page 1 ends

AGREEMENT FOR CONTRACTOR SERVICES
GMS Elevator Services Inc.

Rosetta Canyon Elevator Reconstruction
This Agreement for Contractor Services (the “Agreement”) is made and entered into as of March 12, 2024, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and GMS Elevator Services Inc, a California Corporation ("Contractor").

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

Elevator reconstruction per the contractor proposal.

B. Contractor has submitted to City a proposal, dated February 28, 2024, attached hereto as Exhibit A (“Contractor’s Proposal”) and incorporated herein, to provide contractor services to City pursuant to the terms of this Agreement.

C. Contractor 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 Contractor to perform the services as provided herein and Contractor desires to provide such contractor services as set forth in this Agreement.

AGREEMENT

1. Scope of Services. Contractor shall perform the services described in Contractor’s Proposal (Exhibit A). Contractor shall provide such services at the time, place, and in the manner specified in Contractor’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 Contractor is an essential condition of this Agreement. Contractor shall prosecute regularly and diligently the professional services contemplated pursuant to this Agreement according to the agreed upon performance schedule in Contractor’s Proposal (Exhibit A). b. Performance Schedule. Contractor 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 Contractor’s Proposal (Exhibit A). When requested by Contractor, extensions to the time period(s) specified may be approved in writing by the City Manager.

Page 2 ends

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 Contractor’s Proposal (Exhibit A).

3. Compensation. Compensation to be paid to Contractor shall be in accordance with the fees set forth in Contractors’ Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Contractor’s compensation exceed one hundred fifty one thousand two hundred sixty five dollars and no cents ($151,265.00) without additional written authorization from the City. Notwithstanding any provision of Contractor’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. Contractor 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. Contractor’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 Contractor provides services. Contractor’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 Contractor 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 Contractor’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 Contractor’s prospective or then current personnel is deemed objectionable, then the City may notify Contractor of the same. Contractor shall not use that personnel to perform work required by this Agreement, and if necessary, shall replace him or her with a suitable worker.

Page 3 ends

7. Plans, Studies, Documents.
a. Ownership of Documents. All plans, studies, documents, and other writings prepared by and for Contractor, 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 Contractor for such work, and the City shall have the sole right to use such materials in its discretion without further compensation to Contractor or to any other party. Contractor shall, at Contractor’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 thirdparty requests of Contractor shall be immediately referred to City, without any other actions by Contractor.
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 Contractor under this Agreement ("Documents & Data"). Contractor 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. Contractor represents and warrants that Contractor has the legal right to license any and all Documents & Data. Contractor makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Contractor or provided to Contractor 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 Contractor in connection with the performance of this Agreement shall be held confidential by Contractor. Such materials shall not, without the prior written consent of City, be used by Contractor 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 Contractor which is otherwise known to Contractor or is generally known, or has become known, to the related industry shall be deemed confidential. Contractor shall not use City’s name or insignia, photographs relating to project for which Contractor’s services are rendered, or any publicity pertaining to the Contractor’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. Contractor’s Books and Records.
a. Contractor shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services, or expenditures and disbursements charged to City for a minimum period of three (3) years, or for any longer period required by law, from the date of final payment to Contractor to this Agreement.

Page 4 ends

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

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

10. PERS Eligibility Indemnification. In the event that Contractor or any employee, agent, or subcontractor of Contractor providing services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (PERS) to be eligible for enrollment in PERS as an employee of the City, Contractor shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for PERS benefits on behalf of Contractor or its employees, agents, or subcontractors, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of City.

11. Interests of Contractor. Contractor (including principals, associates, and professional employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered

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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 Contractor’s services hereunder. Contractor further covenants and represents that in the performance of its duties hereunder no person having any such interest shall perform any services under this Agreement.

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

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

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

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

15. 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.

16. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law

Page 6 ends

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

17. Insurance Requirements.
a. Insurance. Contractor, at Contractor’s own cost and expense, shall procure and maintain, for the duration of the contract, unless modified by the City’s Risk Manager, the following insurance policies.
i. Workers’ Compensation Coverage. Contractor shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Contractor shall require each subcontractor to similarly maintain Workers’ Compensation Insurance and Employer’s Liability Insurance in accordance with the laws of the State of California for all of the subcontractor’s employees. Any notice of cancellation or non-renewal of all Workers’ Compensation policies must be received by the City at least thirty (30) days prior to such change. The insurer shall agree to waive all rights of subrogation against City, its officers, agents, employees, and volunteers for losses arising from work performed by Contractor for City. In the event that Contractor is exempt from Worker’s Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California, Contractor shall submit to the City a Certificate of Exemption from Workers Compensation Insurance in a form approved by the City Attorney.
ii. General Liability Coverage. Contractor shall maintain commercial general liability insurance in an amount not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury, and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit. Required commercial general liability coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 (ed. 11/88) or Insurance Services Office form number GL 0002 (ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.

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iii. Automobile Liability Coverage. Contractor shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement may be attached limiting the coverage.
iv. Professional Liability Coverage. Contractor shall maintain professional errors and omissions liability insurance appropriate for Contractor’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Contractor’s services under this Agreement, whether such services are provided by the Contractor or by its employees, subcontractors, or sub 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.

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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, Contractor shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Contractor shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

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

18. 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: GMS Elevator Services Inc
Attn: Natham Simpkins
401 Borrego Court
San Dimas, CA 91773

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

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. 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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22. 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.

23. 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.

24. 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.

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

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

26. 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.

27. 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.

28. Authority to Enter Agreement. Contractor has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to

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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) nonmonetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

29. 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.

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

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

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Assistant City Manager
“CONTRACTOR”
GMS Elevator Services Inc,
By: Natham Simpkins
Its: Owner
Attachments: Exhibit A – Contractor’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]

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Proposal#: Q-0395
Hydraulic Elevator Modernization Proposal
Date: 02/28/2023
Customer Job Site
City of Lake Elsinore
130 S Main St,
Lake Elsinore, CA 92530
Attention: Gus
Phone: 951-764-2417
Email: [email protected]
Rosetta Park
39423 Ardenwood Way,
Lake Elsinore, CA 92530
Regarding Unit(s) with State Number: # 171519, 39423 Ardenwood Way, Lake Elsinore, CA GMS Elevator Services, Inc. proposes to furnish the necessary labor and material to modernize (1) one hydraulic passenger elevator, located at the address above.

Dear City of Lake Elsinore,
GMS Elevator Services, Inc. is pleased to present the following proposal in the amount of $151,265.00. This price includes tax, freight and all applicable permits. A 50% deposit is due upon approval of this proposal prior to the ordering of any materials or scheduling of the job.
• New controller “microprocessor based”
• New car and hall way fixtures
• All new wiring to be installed throughout elevator car & hoist way • New FCU infrared sensing edge for door protection
• GMS to install a new, all inclusive, GAL MOVFR door package (details provided below) • Should any additional labor or materials/parts be required, the cost will be submitted in a separate proposal Detailed herein is the modernization proposal bringing the elevator up to the current ASME A17.1-2004 Elevator code.

Please review this proposal and do not hesitate to ask any questions.

Respectfully Submitted,
Remy Rodriguez
[email protected]
GMS Elevator Services, Inc.

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OUTLINE OF EQUIPMENT
Elevator Controller: Remove the existing elevator controller and install a new Smart Rise microprocessor controller to include the following:
• New "Non-Proprietary" microprocessor
• New vane type mag switches
• New hoist way mechanical limit switches
• New machine room, car, and hatch wiring
• New motor starter for longer motor life
• Phase I & II fire recall service
• Reduced torque closing
• All required State inspections upon completion.

Door Protection: Install new infrared sensing edge designed to prevent the elevator door from closing in the event of an obstruction.

Car Operating Stations: Replace with a new car push button station to include standard, illuminating push buttons raised 1/8” to meet California handicapped codes with adjacent braille tags threaded from behind with contrasting backgrounds.

Panel shall include all required fire service features, engraved “No Smoking” and fire service instructions. Panels shall be a stainless steel #4 finish and installed with an applied application at ADA required height. New car panels shall come complete with a push-to-talk speakerphone, intercom grille for two-way communication, a permit holder, a rechargeable emergency light unit and all code required fire service features. Panels shall include a digital floor position indicator with a 2” L.E.D. display of the floor and direction of travel.

Hall Call Stations: Replace with new stations at each landing. Stations shall be complete with lighted mechanical push buttons to match new C.O.P. fixtures, engraved “In case of fire…” verbiage and will be mounted to meet A.D.A. and local handicapped code requirements. New cover plates will be a stainless steel #4 surface at all typical floors and the main lobby landing shall be a stainless steel #4 finish and will be applied with tamper proof fasteners. The designated “LOBBY” landing will include an integral fire key switch.

Car Directional Lantern: Install a directional lantern to meet ADA requirements, stainless steel #4 finish.

Complete MOVFR II door package: Remove the existing Single speed, side slide, elevator door equipment. Installed in its place will be a new, complete G.A.L. door package to include the following:
• MOVFR master power operator.
• Single speed, side slide, car door hanger with 3¼” non-metallic rollers. • Retractable zone lock door clutch.
• Single speed, side slide, and hatch door hanger with 3¼” non-metallic rollers – (1) per opening. • Auxiliary spring door closer – (1) per opening.
• Type GAL MO hatch door interlock – (1) per opening.

Additional Features:
• Jamb Braille: New at all floors per A.D.A. requirements.

PLEASE NOTE: When modernizing your elevator your fire life safety system may need to be upgraded to work in conjunction with your new elevator equipment. Depending on your existing Fire Life Safety system it may be compatible with the changes to the elevator, but it may require some upgrades. Please contact your current Fire Life Safety vendor to determine what you will require. Please note: It’s necessary for the Fire Life Safety upgrades to be complete just before the elevator modernization project is complete. The State of California elevator division will hold an inspection for your elevator prior to putting it back into service and the Fire Life Safety equipment is the very first component of that test. All Fire life safety work needs to be confirmed and estimated completion date provide to GMS in order to proceed with final equipment production.

WORK BY OTHERS: In conjunction with this modernization the following work will be required and is to be performed by building ownership if not currently existing:

1. Any associated cutting, patching and painting of wall surfaces.

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2. Phone line to elevator machine room.

3. Change elevator disconnect as needed to accommodate for controller upgrade.

4. Repair or modernization of the building’s fire control system.

5. Install a 120-volt, 15-amp car light and alarm circuit to elevator machine room with an on/off switch mounted in a 2 x 4 handy-box.

6. Provide a dry and safe area for the storage of elevator materials for this job.

CLARIFICATIONS:
• GMS Elevator will modernize the existing elevator as detailed specifically in this proposal only. Any device not specifically mentioned or contained herein is excluded. • There is no hydraulic jack assembly work included in this price. The existing jack assembly is to remain as is. If requested, a price for this work can be submitted separately for your information and use. • There is no cab interior or entrance work included in this price. The existing cab interiors and entrance finishes are to remain as is. If requested, a price for this work can be submitted separately for your information and use. • Due to the possibility of contaminated fluids and PCBs, any oil that is purged from the system will be the responsibility of others to dispose of, not GMS.
• All work to be performed during normal GMS business hours during normal GMS working days. • Permits: On completion of the outlined work, GMS Elevator Services, Inc. will arrange, hold and pay for DOSH inspections. All work that pertains to the above will be corrected if called by the Elevator Inspector. Due to DOSH Elevator Units’ adoption of the new ASME A17.1-2004 elevator code, it is possible that the inspector may call additional requirements. They would be quoted separately.
• This proposal is valid for 60 Days from today’s date.

MODERNIZATION SCHEDULE:

1. Lead time on equipment is approximately (12-14) weeks from acceptance of contract.

2. Project duration is anticipated at four (4) weeks per elevator based on completion of contractor work, access to site and scheduling of Elevator Inspection.

3. All work to be completed during the regular working hours of the elevator trade and we are to have the uninterrupted use of the elevator while completing our work.

4. GMS Elevator Services, Inc. will do our best to fill every order as quickly as possible and we have been exhausting all efforts to procure material to ensure your job ships in a timely manner; however, due to material vendor scheduling, manpower and factory loading issues, no material orders can be placed until GMSEI is provided with written confirmation including a date that all Fire Life Safety upgrade items are scheduled to be completed. In the event that material orders are received by GMSEI and the jobsite is not ready, the building/customer will be responsible for accepting delivery and storage of the equipment along with paying the equipment invoice. Please note that if the equipment cannot be stored onsite, the building/customer is still responsible for paying the equipment invoice along with a monthly storage fee in an amount to be determined.

Warranty:
1 year parts and labor. (Routine monthly maintenance proposal will be provided separately.) PAYMENT TERMS:
50% due upon signed proposal (Order will not be processed until received) 40% due upon move on and delivery of equipment
10% due upon completion and Final Inspection

6) Notice of Completion on Roof Replacement for Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Sports Park (CIP Project #Z20005) Accept the improvements to the Roof Replacement Projects at Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Sports Park (CIP #Z20005) completed by Don Luginbill Roofing, Inc. and authorize the City Clerk to record the Notice of Completion.

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: Rick De Santiago, Public Works Manager
Date: March 26, 2024
Subject: Notice of Completion on Roof Replacement for Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Sports Park (CIP Project #Z20005)
Recommendation
Accept the improvements to the Roof Replacement Projects at Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Sports Park (CIP #Z20005) completed by Don Luginbill Roofing, Inc. and authorize the City Clerk to record the Notice of Completion.

Background
The City Council approved a contract with Don Luginbill Roofing, Inc. (DBA JJ Roofing) for the work specified in the above table. All of the work has been completed per the plans for this project.

The City has received final billing and invoicing, and the contractor has been paid in full.

Discussion
This contractor has completed the corresponding scope of work for the subject project Fiscal Impact
Funding for this project was allocated under the City’s CIP budget.

Attachments
Attachment 1- Notice of Completion
M S U PAGE SIZE DA PCOR NOCOR SMF MISC.

A R L COPY LONG REFUND NCHG EXAM

RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:

Name City of Lake Elsinore
Street 130 S. Main Street
Address
City & State Lake Elsinore CA 92530
SPACE ABOVE THIS LINE FOR RECORDER’S USE ONLY

NOTICE OF COMPLETION
Notice is hereby given that:

1. The undersigned is owner or corporate officer of the owner of the interest or estate stated below in the property hereinafter described:

2. The full name of the owner is City of Lake Elsinore

3. The full address of the owner is130 S. Main Street, Lake Elsinore, CA 92530

4. The nature of the interest or estate of the owner is in fee.

Roof replacement for Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Sports Park (If other than fee, strike “in Fee” and insert, for example, “purchaser under contract of purchase,” or “lessee”)

5. The full names and full addresses of all persons, if any, who hold title with the undersigned as joint tenants or as tenants in common are:

NAMES ADDRESSES
None

6. A work of improvement on the property hereinafter described was completed on June 5, 2023 . The work done was:

Roof replacement for Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Park The name of the contractor, if any, for such work of improvement was:

Don Luginbill Roofing (DBA JJ Roofing) 2011 Spruce St. Riverside, Ca 92507 February 14, 2023 (If no contractor for work of improvement, insert “none”) (Date of Contract)

8. The property on which said work of improvement was completed is in the City of Lake Elsinore County of Riverside , State of California, and is described as follows: Roof replacement for Fire Station #85, Fire Station #94, Neighborhood Center, and Rosetta Canyon Sports Park.

9. The street address of said property is 130 S. Main Street Lake Elsinore, CA 92530 (If no street address has been officially assigned, insert “none”) Dated:

City Clerk: Candice Alvarez, MMC

VERIFICATION
I, the undersigned, say: I am the the declarant of the foregoing. (“President of,” “Manager of,” “A partner of,” “Owner of,” etc.) notice of completion; I have read said notice of completion and know the contents thereof; the same is true of my own knowledge. I declare under penalty of perjury that the foregoing is true and correct.

Executed on March 26 , 20 24 , at City of Lake Elsinore , California. (Date of signature) (City where signed)
(Personal si gnature o f t h e i n d i v i d u a l w h o i s s w e a r i n g t h a t t h e c o n t e n t s o f t h e n o t i c e o f c o m p l e t i o n a r e t r u e )

7) Notice of Completion on Roof & Window Replacement at Senior Center (CIP Project #Z20005)
Accept the improvements to the Senior Center Roof & Window Replacement Project (CIP #Z20005) completed by Owen James Construction Inc. and authorize the City Clerk to record the Notice of Completion.

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: Rick De Santiago, Public Works Manager
Date: March 26, 2024
Subject: Notice of Completion on Roof & Window Replacement at Senior Center (CIP Project #Z20005)
Recommendation
Accept the improvements to the Senior Center Roof & Window Replacement Project (CIP #Z20005) completed by Owen James Construction Inc. and authorize the City Clerk to record the Notice of Completion.

Background
The City Council approved a contract with Owen James Construction for the work specified above. All of the work has been completed per the plans for this project. The City has received final billing and invoicing, and the contractor has been paid in full.

Discussion
This contractor has completed the corresponding scope of work for the subject project.

Fiscal Impact
Funding for this project was allocated under the City’s CIP budget.

Attachments
Attachment 1- Notice of Completion
M S U PAGE SIZE DA PCOR NOCOR SMF MISC.

A R L COPY LONG REFUND NCHG EXAM

RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:

Name City of Lake Elsinore
Street 130 S. Main Street
Address
City & State Lake Elsinore CA 92530
SPACE ABOVE THIS LINE FOR RECORDER’S USE ONLY

NOTICE OF COMPLETION
Notice is hereby given that:

1. The undersigned is owner or corporate officer of the owner of the interest or estate stated below in the property hereinafter described:

2. The full name of the owner is City of Lake Elsinore

3. The full address of the owner is130 S. Main Street, Lake Elsinore, CA 92530

4. The nature of the interest or estate of the owner is in fee.

Roof & window replacement at Senior Center
(If other than fee, strike “in Fee” and insert, for example, “purchaser under contract of purchase,” or “lessee”)

5. The full names and full addresses of all persons, if any, who hold title with the undersigned as joint tenants or as tenants in common are:

NAMES ADDRESSES
None

6. A work of improvement on the property hereinafter described was completed on July 27, 2023 . The work done was:

Roof & window replacement at Senior Center The name of the contractor, if any, for such work of improvement was:

Owen James Construction 850 E. Parkridge Ave. Suite 110 & 111 Corona, Ca 92879 February 14, 2023 (If no contractor for work of improvement, insert “none”) (Date of Contract)

8. The property on which said work of improvement was completed is in the City of Lake Elsinore County of Riverside , State of California, and is described as follows: Roof & Window Replacement at Senior Center

9. The street address of said property is 420 E. Lakeshore Drive Lake Elsinore, CA 92530 (If no street address has been officially assigned, insert “none”) Dated:

City Clerk: Candice Alvarez, MMC

8) Agreement with Ascent Environmental, Inc. to Prepare a New Climate Action and Adaptation Plan (CAAP)
Approve and authorize the City Manager to execute a Professional Services Agreement with Ascent Environmental, Inc. in an amount not to exceed $330,000 for the preparation of a new Climate Action and Adaptation Plan in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $33,000 for unanticipated costs.

Page 1 of 3 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Todd Parton, Assistant City Manager
Date: March 26, 2024
Subject: Agreement with Ascent Environmental, Inc. to Prepare a New Climate Action and Adaptation Plan (CAAP)
Recommendation
Approve and authorize the City Manager to execute a Professional Services Agreement with Ascent Environmental, Inc. in an amount not to exceed $330,000 for the preparation of a new Climate Action and Adaptation Plan in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $33,000 for unanticipated costs.

Background
In October 2023, the City of Lake Elsinore was awarded a grant from the California Governor's Office through the Regional Climate Collaboratives Program. Grant funds in the amount of $401,000 were awarded to develop a new climate adaptation and action plan (CAAP). The City is partnering with the Social Work Action Group (SWAG) to develop an understanding of the impacts of climate change, its impact on residents, prioritize suggestions from vulnerable communities, and create priorities to meet identified needs.

SWAG and the City will work collaboratively to implement a community engagement program.

The objective of these engagement efforts will be to understand the effects of climate change as experienced by the residents, especially on vulnerable communities.

Climate Action and Adaptation Plan

Page 2 of 3 ends

Solicitations for request for proposals (RFPs) were initiated in December 2023. A total of six (6) qualified bids were received from the following firms:
• Raimi + Associates,
• ASCENT ENVIRONMENTAL, INC. (Ascent),
• Environmental Science Associates (ESA),
• Blue Strike Environmental,
• Community Inclusive Wealth, and
• KERAMIDA, Inc.

Each RFP was reviewed by a City panel who selected three proposers for interviews: ESA, Blue Strike Environmental, and Ascent. After the interviews, the panel identified Ascent as the preferred proposer. This was based on the firm’s approach to the project, its understanding of the project, its experience in developing and implementing comparable projects, and its project team which includes Fehr & Peers as a subconsultant on circulation related topics.

Ascent estimates a timeline of approximately 18 months to complete the project.

Discussion
Lake Elsinore is currently operating under a Climate Action Plan (2011 CAP) that was adopted by the City Council on December 13, 2011. Many of the objectives of this plan have been addressed and updates are necessary to meet the objectives of the City’s 2021 to 2029 Housing Element and current state requirements.

The CAAP aims to reduce greenhouse gas emissions from community activities and municipal operations and to prepare the community for the impacts of climate change. It is to be a practical plan with well-defined, achievable implementation strategies/mitigation measures. Lake Elsinore will be provided the tools for implementation and the means to monitor and report its progress. It is anticipated that the CAAP will meet CEQA qualification requirements, specifically meeting State CEQA guidelines.

Work on the CAAP will occur through 10 identified tasks:
• Task 1 – Project initiation, data gathering, and management; • Task 2 – Equitable Community outreach;
• Tasks 3 and 4 – Climate adaptation technical tasks;
• Tasks 5 through 8 – Essential tasks needed for greenhouse gas reduction components and evaluation of the approach required by CEQA;
• Tasks 9 and 10 – Optional tasks to enhance usability of the CAAP and provide the City with implementation and monitoring support.

SWAG is a partner with this project. Their primary focus is to help the City engage with the vulnerable populations that they serve. This input is critical to ensuring that the plan identifies the impacts and includes strategies by those who are impacted most significantly by the impacts of climate. Ultimately, the CAAP will strive to embed equity into planning and program implementation in order to create more just outcomes for all citizens.

Climate Action and Adaptation Plan

Page 3 of 3 ends

Lake Elsinore and SWAG will develop a CAAP that specifically addresses the impacts of wildfire exposure, extreme heat, severe weather, and the lack of access to services.

Fiscal Impact
Grant funds already awarded to the City in the amount of $401,000 are adequate to cover contract costs, contingencies of approximately ten percent (10%), and project related incidental expenses of up to $38,000 of SWAG and Lake Elsinore.

Attachments
Attachment 1 - Request for Proposals
Attachment 2 - Agreement
Attachment 3 - Proposal
Attachment 4 - Price Proposal
RFP-Climate Action and Adaptation Plan 1

REQUEST FOR PROPOSALS –

PROFESSIONAL SERVICES

FOR PREPARATION OF A

CLIMATE ACTION AND ADAPTATION PLAN
NOVEMBER 30, 2023
City of Lake Elsinore
Community Development Department
130 South Main Street
Lake Elsinore, California 92530
RFP-Climate Action and Adaptation Plan 2
November 30, 2023

REQUEST FOR PROPOSALS
The City of Lake Elsinore, hereinafter referred to as the City, is inviting proposals from qualified consulting firms to assist them in developing a Climate Action and Adaptation Plan. To be considered for this contract, your firm must meet the qualifications and satisfy the requirements as stated in the Request for Proposal (RFP).

Time Schedule:

The following is the City's tentative schedule for the selection of a consulting firm:

1. Request for Proposals distributed: November 30, 2023

2. Deadline for submitting Questions: December 18, 2023 at 3:00 pm

3. Deadline for submitting Proposal: January 15, 2024 at 4:00 pm

4. Staff review of Proposals: January 16, 2024 to January 26, 2024

5. Interview of top firms, if needed: Week of February 5, 2024

6. Award of contract: February 28, 2024
Proposals for the RFP, as described herein, will be received electronically via the City of Lake Elsinore’s online bid management portal PlanetBids, until 4:00 PM, January 15, 2024. Any changes to this RFP are invalid unless specifically modified by the City of Lake Elsinore and issued as a separate addendum document. Should there be any questions as to changes to the content of this document; the City’s copy shall prevail. It is the Proposer’s sole responsibility to ensure that their proposal, inclusive of any or all addenda, is uploaded to the proper place at the proper time. Any proposal received after the scheduled closing time for receipt of proposals will not be considered.

Proposals must be submitted electronically via the City of Lake Elsinore e-Procurement System PlanetBids as set forth in this RFP document. Unless otherwise specified, proposals submitted by any other method such as hard copy, fax, or e-mail will be disqualified. Proposals may be withdrawn on the PlanetBids vendor portal prior to the schedule submittal time and date receipt of proposals. Proposers are encouraged to not wait until the deadline to submit proposals, as systemrelated questions may arise.

All questions, technical, commercial, or contractual in nature shall be directed to the Q&A section on the e-Procurement System PlanetBids. No phone calls will be allowed. Contact the City of Lake Elsinore personnel or anyone other than those listed above regarding this RFP is prohibited and may be grounds for elimination from the selection process. All questions regarding this RFP must be submitted through the e-Procurement System PlanetBids no later than 3:00 PM, December 18, 2023.

Sincerely,
Community Development Department
RFP-Climate Action and Adaptation Plan 1

INTRODUCTION
The City of Lake Elsinore Community Development Department is seeking proposals from qualified consultants for the preparation of a Climate Action and Adaptation Plan (CAAP) that will serve as a standalone document. The CAAP will provide goals, strategies, and actions to enable the City to achieve or exceed greenhouse gas (GHG) reduction goals; climate adaptation and resilience strategies; and a means of reporting and monitoring the effectiveness of the plan. The CAAP will also address the disproportionate effect climate change has on historically underserved communities within the City and evaluate vulnerabilities and prioritize climate adaptation and climate resilience strategies with a focus on community involvement and helping disadvantaged community members adapt. The firm selected to lead this effort will be expected to thoughtfully consider how to ensure that the document can be used by all community members, and to incorporate features that encourage use and understanding of the document at all levels and across all sectors. The final document should be extremely reader friendly and contain high quality graphics. The CAAP will update the City’s current GHG emissions reduction targets to align with state and regional targets to include those established by the Southern California Association of Governments (SCAG) and Western Riverside Council of Governments (WRCOG), integrate current climate science, and incorporate an equity framework.

BACKGROUND
Nestled at the foot of the Cleveland National Forest, within the southwest portion of Riverside County, lies the City of Lake Elsinore (City). The City encompasses approximately 43.5 square miles with a Sphere of Influence (SOI) covering more than 72 square miles. Interstate 15 (I-15) provides north-south regional access to the City. State Route 74 (SR-74) extends in a northeast to southeast direction through the City and connect I-15 to the Ortega Highway. Surrounding cities include Canyon Lake and Menifee to the east and Wildomar to the south. The City of Lake Elsinore is also bordered to the north, east and southwest by unincorporated lands within the County of Riverside. United States Forest Service lands within the Cleveland National Forest border the City to the west. Along the I-15 corridor, the City of Corona is approximately twenty miles to the north and the Cities of Murrieta and Temecula are within ten miles to the south. The City of Perris is within ten miles to the northeast of the City along the SR-74 corridor. The City of Lake Elsinore’s website is www.lake-elsinore.org.

In 2011 the City adopted a Climate Action Plan, a long-range plan to reduce local greenhouse gas emissions that contribute to climate change. Twelve years ago, the Climate Action Plan identified the activities in Lake Elsinore that generated greenhouse gas emissions, quantified these emissions, and projected future trends. Although progressive for its time, the City’s Climate Action Plan needs to be updated and centered around vulnerable communities.

RFP-Climate Action and Adaptation Plan 2
RFP-Climate Action and Adaptation Plan 3
RFP-Climate Action and Adaptation Plan 4

PROJECT OBJECTIVES
The CAAP objectives are to assess vulnerabilities, develop strategies to withstand changing conditions, and to prepare the City to continue essential services equitably. Climate adaptation and mitigation will become standard practice in Lake Elsinore. The project has the following goals:
• Equitably plan for and respond to multiple climate risks by centering the needs of vulnerable communities;
• Plan for all climate risks using an integrated approach across industries for climate adaptation;
• Integrate social and physical infrastructure planning to achieve community resilience; • Embed equity into the planning process to achieve equitable planning strategies and outcomes; and
• Incorporate provisions of the City’s Environmental Justice Element contained in Chapter

3.0 (Public Safety and Welfare) of the Lake Elsinore General Plan as applicable.

SCOPE OF REQUIRED SERVICES
Proposals are sought that generally reflect the scope outlined herein. Consultants are strongly encouraged to suggest refinements and innovative methodologies that ultimately achieve the work products described below. Consultants are invited to utilize elements which incorporate innovation and creativity to deliver a top value CAAP.

The consultants will include robust community outreach to develop the CAAP in cooperation with staff, the City Council, the Social Work Action Group (SWAG), the Community Climate Adaptation Team (CCAT) that will be established by the City, and members of the public. A consultant is sought that will prepare a plan that is straight forward, implementable by staff, and easy to understand for the community.

The project should begin with a review of existing documentation including, but not limited to, the following:
• The City’s 2011 Climate Action Plan;
• The City’s General Plan as amended;
• The City’s Hazard Mitigation Plan;
• The City’s Active Transportation Plan;
• The Southern California Association of Governments Regional Transportation Plan; • Regional Climate Adaptation Toolkit;
• Riverside County Climate Adaptation Plan; and
• City of Lake Elsinore VMT guidelines.

The CAAP should:

RFP-Climate Action and Adaptation Plan 5
• Develop a current GHG Inventory based on the latest available data to measure the City’s progress in reducing GHG emissions;
• Incorporate innovative strategies and solutions for both climate action and adaptation; • Identify local and regional climate challenges, opportunities, and direct impacts to the City of Lake Elsinore;
• Develop GHG emissions projections based on baseline and various other scenarios, that account for actions being taken at the State, Federal, and regional levels; • Establish a set of cohesive strategies, implementation plans and metrics for measuring progress;
• Recommend GHG emission reduction targets to align with Senate Bill 32 (“SB 32”) by 2030, and reach carbon neutrality on or before 2045;
• Activate and engage residents, businesses, and institutions with positive actions and tangible benefits;
• Identify funding and implementation measures, including City and SWAG capacity needed to implement the strategies identified;
• Develop a means of reporting and monitoring the effectiveness of the plan; and • Address resilience and adaptation within the CAAP, including identifying strategies The project schedule should include adequate time for public comment on the draft plan. Review should include an analysis of the implications of each strategy on the environment, social equity, and the local economy.

City staff recommends the following structure for the scope of work consisting of the following tasks that are based upon the Work Plan that was included in the City’s Adaptation Planning Grant Program (APGP) Application that was submitted to the State of California Governor’s Office of Planning and Research (OPR). The Tasks, Subtasks, Descriptions and Deliverable/Milestones from that Work Plan are included as Attachment A to this Request for Proposal. OPR notified the City that it had been selected as a Round 1 Grantee for the APGP on June 8, 2023. The City may modify the following tasks in collaboration with the selected Consultant in order to assure that the City can provide the required documentation can be submitted to OPR to demonstrate that the major outcomes and/or metrics used to demonstrate success for each deliverable/milestone have been satisfied. All activities will be undertaken in close coordination with the CCAT. The City reserves the right to negotiate a modified scope of work with the selected Consultant that consists of fewer tasks to ensure that the project fits within the City’s available budget and/or to add additional tasks to the scope based on needs that are identified by the CCAT and that are subject to additional funding authorized at the City’s sole discretion.

Task 1: Initiate Project
Subtask A: Project Kickoff
Project Kick-Off and Meeting with Consultant to establish planning process, identify goals and objectives, and solidify project schedule.

Subtask B: Data and Information Gathering
The Consultant will review City's general plan, existing regional and local climate adaptation RFP-Climate Action and Adaptation Plan 6
plans, and other relative plans for baseline data, and will identify omissions and hidden biases that affect vulnerable communities.

Task 2: Assess Community Risks and Vulnerabilities
Subtask A: Identification and Risk Assessment
Building upon the City’s existing Hazard Mitigation Plan and other available plans, tools, and resources, the Consultant will identify climate-related hazards, climate-related stressors and critical community assets.

Subtask B: Vulnerability Analysis and Adaptation Measures The Consultant will provide a vulnerability assessment of the risks that Lake Elsinore is likely to face as the impacts of climate change become more severe. The risks evaluated must include, but are not limited, to drought, extreme heat, precipitation, air quality, winds, wildfires, and any indirect effects of sea level rise in nearby coastal communities (e.g. population migration). The analysis will also address any disproportional impacts that climate change may have on vulnerable populations across the City (e.g., seniors, children, low-income residents, persons with disabilities, etc.). This effort should include both community adaptation and municipal government operations. The Consultant shall gather and synthesize data as part of the planning process, including FEMA’s National Risk Index Tool, Risk Map, the U.S. Climate Resilience Toolkit, ArcGIS, and other tools.

Subtask C: Climate Resilience Priorities
Using FEMA's National Risk Index Tool, U.S. Census data and other tools, the Consultant will prioritize potential exposures of vulnerable populations and identify climate resilience priorities.

Subtask D: Inventory Summary
The Consultant will prepare a GHG inventory based on tools and guidance provided by the International Conference for Local Environmental Initiatives (ICLEI). Information should be collected and used to create a methodology worksheet using tools and guidance provided by ICLEI-Local Governments for Sustainability. The methodology worksheet should include the City operations inventory (data gathered from City departments will be presented in a worksheet for a community wide inventory), and a worksheet that calculates the equivalent CO2 emission from those energy uses. Resources used on the City operation inventory should include the Local Government Operations Protocol (LGOP), developed by ICLEI, the California Air Resources Board (CARB), the California Climate Action Registry (CCAR), and The Climate Registry (TCR).

The LGOP provides internationally recognized GHG accounting and reporting principles for cities wanting to quantify and report emissions in a transparent way.

The Consultant will summarize and report findings to CCAT and will meet with CCAT to provide feedback and input for prioritization.

Task 3: Execute Community Outreach for Public Involvement Subtask A: Community Visioning
The Consultant will Identify and address community issues that are important to CCAT and key stakeholders. Coordinate community visioning and community outreach with key stakeholders.

Subtask B: Community Outreach Plan
The Consultant will work with the City to develop a community outreach plan with an emphasis on vulnerable communities.

RFP-Climate Action and Adaptation Plan 7
Subtask C: Community Forums and Workshops
The Consultant will attend a series of public community forums and workshops to receive public input and to discuss the importance of climate resilience.

Subtask D: Public Survey
The Consultant will develop, promote and work with the City to disseminate an online resident survey and to tabulate the results.

Subtask E: Community Summary
Evaluate themes that emerged during forums, meetings, and outreach activities. Analyze and apply community input to the adaptation assessment.

Subtask F: Review and Summarize Vulnerability and Risk Findings Conduct CCAT meeting to discuss the analysis of potential losses and vulnerabilities, and the updated assessment.

Task 4: Develop Climate Adaptation Strategies
Subtask A: Refine and Revise Climate Adaptation and Resilience Goals Refine and revise adaptation and resilience goals that are agreed upon by the CCAT, the public, the State and the County to provide strong foundations for the strategies.

Subtask B: Develop, Evaluate, and Prioritize Climate Adaptation Strategies Identify the strategies that best achieve the City’s goals. Use the industry best practice FEMA’s STAPLEE Method (recommended in the U.S. Climate Resilience Toolkit) to evaluate the mitigation measures, and guide the selection climate adaptation and resilience strategies.

Subtask C: Draft Climate Action and Adaptation Plan (CAAP) The Consultant shall develop a draft CAAP using the above-described GHG emission analysis.

The specific strategies and priority actions selected to meet the recommended target reductions should be summarized into a strategic framework with specific near-term implementation plans and a schedule for longer-term implementation plan development. Measures should identify agencies and departments responsible, indicators for success, potential partnerships, recommended funding sources, equity considerations, and appropriate methods to assess progress. The CAAP should include sections focused on actions for the City, community actions, and actions for individuals, which can be taken to reduce GHG emissions.

The Consultant will present draft CAAP to CCAT and key stakeholders, and incorporate final input into the Plan. Several rounds of revisions and updated Draft CAAP and multiple meetings with the CCAT and key stakeholders are expected.

Task 5: Finalize Climate Adaptation Plan
Subtask A: Present Final Draft of the Climate Action and Adaptation Plan at Public Hearings The Consultant shall support City staff in presenting the finalized CAAP to the SWAG Board, Planning Commission and City Council.

Subtask B: Replicable case study for State Adaptation Clearinghouse The Consultant will develop a replicable case study and prepare documents for City review and submission to the State Adaptation Clearinghouse.

RFP-Climate Action and Adaptation Plan 8
Subtask C: Prepare Final Climate Action and Adaption Plan Document Following adoption of the element by the City Council, the Consultant will prepare a final version of the CAAP, including any changes to the draft required by City Staff and officials.

Task 6: CEQA Documentation
The Consultant will need to identify California Environmental Quality Act (“CEQA”) requirements related to the adoption of the CAAP. The consultant will also need to identify implementation tasks that require CEQA compliance. The analysis shall be submitted in a technical memorandum. For clarity, the Consultant is not being asked to complete and submit CEQA documents for each implementation task.

SUBMITTAL FORM AND CONTENT
To assist in the evaluation process, the following information is required in the RFP submittal:
• Cover letter - Signed letter by an individual authorized to negotiate on behalf of the firm and must be binding for a term of 90 days from the date of submittal to the City.
• Written description of services to be provided. Include both services outlined in this request, as well as additional services recommended by your organization. • Comprehensive, specific statement indicating the maximum cost for the project based on the project as described herein. To the extent desired, additional recommendations and services or options may be included as additions to the project on an optional basis.

These optional items shall be priced separately from this Request for Proposal. • List of current and former clients, preferably municipalities. Include the name of the client, contact person, telephone number and email address (if available). • Demonstrated experience for similar plans completed for local agencies. • Identify a window of time indicating availability to start the project. The selected firm will be required to enter into a written contract with the City of Lake Elsinore in a form approved by the City Attorney. It is expected that work will commence upon award of contract.
• City’s Professional Services Agreement – Identify any sections of the City’s standard consultant contract (Attachment B) that pose concerns and would require negotiation/modification in order to be acceptable to consultant. If no concerns are identified, submitter will be deemed to have accepted the form of the agreement. • Evidence of all applicable business insurance coverage and licenses. • Brief description of your organization’s history, growth, philosophy/culture, number of employees, and number of years in business under the same name. • Brief resume of the education and experience of those persons who will actually be RFP-Climate Action and Adaptation Plan 9
conducting the study.
• Complete description of the organizational structure of your organization, and the method by which work is done. An organizational work flow chart with description of duties of the persons working on the study is useful.

The City of Lake Elsinore reserves the right to extend the deadline to meet the objectives of the agency.

Submittal of Proposal and Fee Schedule: Upload One (1) Original Proposal and submit one digital copy of the Fee Schedule within the PlanetBids e-Procurement portal under Cost Proposal labeled: “Cost Proposal – “Community Development Climate Action and Adaptation Plan” no later than January 15, 2024 at 4:00 pm PST.

SUBMITTAL EVALUATION
Upon receipt of the proposals, a technical evaluation will be performed. A consultant will be selected on the basis of qualifications and experience. Evaluation criteria will include such considerations as:

EVALUATION CRITERIA Weight
Presentation, completeness, clarity, organization, and conformance to the RFP content requirements. 15%
Understanding project purpose and objectives 15%
Qualifications of the firm and the experts assigned, including education, experience, and professional expertise in writing Climate Action and Adaptation Plans.
40%
Approach to be followed and the tasks to be performed including detailed steps, resources required, and proposed project schedule 30% TOTAL: 100%

SELECTION COMMITTEE
The proceedings of the Selection Committee are confidential, and members of the Selection Committee are not to be contacted by the proposers. The Selection Committee, comprised of a minimum of three individuals, will evaluate Proposals and other submitted documentation based on the criteria above. Firms may be invited to oral interviews before the Selection Committee. If oral interviews are conducted, only the specifically identified project team members, led by the designated project manager, will be asked to appear. Finalists will be notified and informed of specific interview requirements and procedures. Teleconferencing may be used in lieu of in-person interviews.

COST AND CONTRACT NEGOTIATIONS
Once the selection process (written proposal review and oral interviews, if held) is complete, the top‐ranking firm will be invited to enter into contract negotiations with the City. In addition, consultants will be expected to accept the standard City contract language for professional RFP-Climate Action and Adaptation Plan 10
services agreements. If negotiations are unsuccessful, discussions with the highest ranked firm will be terminated and the second highest ranked firm may be contacted for negotiations.

RFP TIMETABLE
Proposals must be submitted by January 15, 2024 at 4:00 pm. The City of Lake Elsinore reserves the right to extend the deadline to meet the objectives of the agency.

Each finalist will be evaluated on the basis of capabilities described in its written proposal and any oral presentation. The organization that best matches the City of Lake Elsinore’s objectives will be selected.

GENERAL INFORMATION
The selected consultant will be expected to enter into and perform services under a Professional Services Agreement (PSA) with the City of Lake Elsinore. In the event the consultant and the City are unable to agree on the terms of the PSA, the City reserves the right to reject the submittal. Further, the City reserves the right to accept or reject any or all submittals received as a result of this request, to negotiate with qualified sources, or to cancel in part, or in its entirety, this Request for Proposal, if it is in the best interest of the City to do so.

This is a Request for Proposal (RFP). This RFP does not commit the City to pay any costs incurred for the preparation of the submission of a proposal, or to contract for supplies or services.

For a submittal to be considered responsive, all requested information must be submitted.

ATTACHMENTS
Attachment A: Adaptation Planning Grant Program Application Work Plan Attachment B: City of Lake Elsinore Standard Agreement for Professional Services APGP Application Work Plan 1
Attachment A: Adaptation Planning Grant Program Application Work Plan Task 1: Initial Project
Subtask Description
Activities or deliverables
Deliverables/Milestones
Major outcomes and/or metrics
used to demonstrate success
Subtask A: OPR Kick-Off
Meeting
Conduct project kick-off meeting
with OPR, Lake Elsinore and
Social Work Action Group, the
Co-Applicant
Meeting notes, established
project procedures, and action
items
Subtask B: Request For
Proposals for Vulnerability
Assessment, and Climate
Adaptation Strategies
Create and distribute RFP for
qualified consultant services.

Competitive selection of
consultant(s) and execute
agreement(s)
Final RFP, consultant
distribution list, final
consultant(s) agreement(s)
Subtask C :Project Kickoff Data and information gathering in preparation for Project KickOff and Meeting with
consultant(s) to establish
planning process, identify goals
and objectives, and solidify
project schedule
Meeting agenda, sign-in sheet
and Project Management Plan
with activities, schedule,
staffing, monitoring and
reporting.

Subtask D: Establish
Community Climate
Adaptation Team
Develop new partnerships,
organize stakeholders and form
a Community Climate
Adaptation Team (CCAT) with
expertise in equitable planning,
vulnerable communities,
transportation, utilities, public
health, regional science, social
services, policymaking, and
more
New partnerships developed
during grant period to
collaborate on community
involvement and Climate
Adaptation Plan
Subtask E: Data and
Information Gathering
Review City's general plan,
existing regional and local
climate adaptation plans, and
other relative plans for baseline
data, and identify omissions and
hidden biases that effect
vulnerable communities
Report and summarize existing
plans, goals, and strategies
Task 2: Assess Community Risks and Vulnerabilities
Subtask Description
Activities or deliverables
Deliverables/Milestones
Major outcomes and/or metrics
used to demonstrate success
Subtask A: Identification and
Risk Assessment
Build upon the City’s existing
Hazard Mitigation Plan and
other available plans, tools, and
List of projected climate
changes with degrees of
change, climate impacts with
APGP Application Work Plan 2
resources to identify climaterelated hazards, climate-related stressors and critical community
assets. Determine how
vulnerable these assets are to
the identified risks.
exposures, potentially affected
community resources, current
capacity to address impacts,
and impact ratings based on
certainty and timeline for onset.

Subtask B: Vulnerability
Analysis
Gather and synthesize data as
part of the planning process,
including FEMA’s National Risk
Index Tool, Risk Map, the U.S.

Climate Resilience Toolkit,
ArcGIS, and other tools.

An analysis of who and what is
exposed and sensitive to climate
change, and an overview of the
City’s vulnerability levels to
identified hazards and
anticipated climate impacts, and
potential effects on resources,
especially in vulnerable
communities.

Subtask C: Climate Resilience
Priorities
Use FEMA's National Risk Index
Tool and U.S. Census data to
prioritize potential exposures of
vulnerable populations and
identify climate resilience
priorities.

List of climate resilience
priorities and vulnerable
communities with sensitivities
that require extra attention.

Subtask D: Inventory
Summary
Summarize and report findings
to CCAT. Meet with CCAT to
provide feedback and input for
prioritization.

Summaries, list of new
partnerships, feedback, and
follow-up action items.

Task 3: Execute Community Outreach for Public Involvement Subtask Description
Activities or deliverables
Deliverables/Milestones
Major outcomes and/or metrics
used to demonstrate success
Subtask A: Community
Visioning
Identify and address community
issues that are important to
CCAT and key stakeholders.

Coordinate community visioning
and community outreach with
key stakeholders.

A compelling statement about
what key stakeholders aspire to
accomplish with adaptation
planning, meeting materials, list
of key stakeholders, and notes
from key stakeholder
discussions.

Subtask B: Community
Outreach
Plan
Develop community outreach
plan with an emphasis on
vulnerable communities.

Community Outreach Plan,
collateral in English and
Spanish, and copies of outreach
announcements and
promotions.

Subtask C: Community
Forums and
Workshops
Hold a series of public
community forums and
workshops to receive public
input and share about the
importance of climate resilience.

Feedback summaries, meeting
notes and recordings, and
follow-up action items.

Subtask D: Public Survey Develop, promote and
disseminate online resident
Copies of survey
announcements, and survey
APGP Application Work Plan 3
survey. results.

Subtask E: Community
Summary
Evaluate themes that emerged
during forums, meetings, and
outreach activities.

Analyze and apply community
input to adaptation assessment.

Compilation of community
feedback, analysis report, and
summary.

Subtask F: Review and
Summarize Vulnerability and
Risk Findings
Conduct CCAT meeting to
discuss the analysis of potential
losses and vulnerabilities, and
the updated assessment.

Data visualizations and
calculations that show
vulnerable structures and
populations, and identify needs
for future land-use
considerations based on areas
of vulnerability and potential
losses from the City’s
development trends.

Task 4: Develop Climate Adaptation Strategies
Subtask Description
Activities or deliverables
Deliverables/Milestones
Major outcomes and/or metrics
used to demonstrate success
Subtask A: Refine Climate
Adaptation and Resilience
Goals
Refine adaptation and resilience
goals that are agreed upon by
the CCAT, the city, the public,
the State and County to provide
strong foundations for the
strategies.

Defined and agreed upon
adaptation and resilience goals.

Climate Resilience Toolkit) to
evaluate the mitigation
measures, and guide the
selection climate adaptation and
resilience strategies.

List of potential impacts
categorized by next steps
(develop strategies, evaluate
further or monitor), a set of
strategies to address adaptation
needs, and a plan for
implementing and monitoring for
strategies.

Subtask C: Draft Climate
Adaptation Plan
Draft Climate Adaptation Plan
with rounds of revisions and
updated drafts. Present draft
Climate Adaptation Plan to
CCAT and key stakeholders,
and incorporate final input into
the Plan.

Climate Adaptation Plan Drafts.

Task 5: Finalize Climate Adaptation Plan
Subtask Description
Activities or deliverables
Deliverables/Milestones
Major outcomes and/or metrics
used to demonstrate success
APGP Application Work Plan 4
Subtask A: Present Final
Climate Adaptation Plan to
City Council
Prepare Final Drafts, City
Resolution, and Plan Approval.

Final plan files, including GIS
shapefiles, maps, and source
documents in ArcGIS/ESRI
shapefile format and PDF format
along with project
documentation. The Climate
Adaptation Plan in MS Word
and PDF formats, and a final
printed copy of the plan.

Subtask B: Replicable case
study for State Adaptation
Clearinghouse
Develop replicable case study
and prepare documents for
submission to the State
Adaptation Clearinghouse.

Replicable case study in State
Adaptation Clearinghouse.

Task 6: Administer the Project
Subtask Description
Activities or deliverables
Deliverables/Milestones
Major outcomes and/or metrics
used to demonstrate success
Subtask A: Quarterly ICAPO
meetings
Quarterly ICAPO meetings and
information sharing.

Meeting notes and Peer-to-Peer
Learning.

Subtask B: Partnership
Evaluation
Project and partnership
evaluation, monitoring and
management.

Evaluation plans and
documentation that community
partnerships are meaningfully
serving vulnerable communities.

Subtask C: Indirect Costs Personnel costs associated with grant invoicing, and
administrative, supervisory,
legal, and executive staff
Data collection, tracking,
invoicing, and reporting
associated with grant activities.
1 AGREEMENT FOR PROFESSIONAL SERVICES
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Click or tap here to enter text.

This Agreement for Professional Services (the “Agreement”) is made and entered into as of Click or tap to enter a date., by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Click or tap here to enter text., a Click or tap here to enter text. ("Consultant").

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

Click or tap here to enter text.

B. Consultant has submitted to City a proposal, dated Click or tap to enter a date., 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.
2 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 Click or tap here to enter text. dollars (Click or tap here to enter text.) 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.
3 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 thirdparty 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.
4 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 5 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 6 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.
7 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.
8 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.

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.

Attn: Click or tap here to enter text.

Click or tap here to enter text.

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.
9 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 10 make this Agreement and to bind each respective party. The City Manager is authorized to enter into an amendment or otherwise take action on behalf of the City to make the following modifications to the Agreement: (a) a name change; (b) grant extensions of time; (c) nonmonetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

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

29. Entire Agreement; Incorporation; Conflict. This Agreement contains the entire understanding between the parties relating to the obligations described herein. All prior or contemporaneous understandings, agreements, representations and statements, oral or written, are superseded in total by this Agreement and shall be of no further force or effect. 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]
11 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”
Click or tap here to enter text., a Click or tap here
to enter text.

By: Click or tap here to enter text.

Its: Click or tap here to enter text.

Attachments: Exhibit A – Consultant’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]

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EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]

Page 14 ends

EXHIBIT "C"
CERTIFICATE OF EXEMPTION FROM WORKERS= COMPENSATION INSURANCE I hereby certify that in the performance of the work for which this Agreement is entered into, I shall not employ any person in any manner so as to become subject to the Workers’ Compensation Laws of the State of California.

Executed on this day of ,20 at ,
California.

Consultant

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EXHIBIT "D"

LIST OF SUB-CONSULTANTS / SUBCONTRACTORS

Page 1 ends

AGREEMENT FOR PROFESSIONAL SERVICES
ASCENT ENVIRONMENTAL, INC.

Climate Action and Adaption Plan
This Agreement for Professional Services (the “Agreement”) is made and entered into as of March 26, 2024, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and ASCENT ENVIRONMENTAL, INC., a California corporation ("Consultant").

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

The City of Lake Elsinore requires a consultant with substantial experience in climate action and adaptation planning and community outreach to assist with the development of a new Climate Action and Adaptation Plan (CAAP).

B. Consultant has submitted to City a proposal, dated March 5, 2024, 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

Page 2 ends

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 three hundred and thirty thousand dollars ($330,000) 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.

Page 3 ends

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 thirdparty 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.

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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.

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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.

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 be performed in accordance with that degree of care, skill, and diligence ordinarily exercised by professionals providing similar services in the same or similar locale and under similar circumstances to that of Consultant under this Agreement.

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apply when 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.

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.

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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.

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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.

Attn: Poonam Boparai, Principal
1230 Columbia Street, Suite 440
San Diego, CA 92101

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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Lake Elsinore City CouncilMarch 26, 2024

Lake Elsinore City Council
March 26, 2024