Agenda packet — Lake Elsinore City Council, April 23, 2024 (part 4 of 4)

birds be found, an exclusionary buffer will be established by a qualified biologist. The buffer may be up to 500 feet in diameter. This buffer will be clearly marked in the field by construction per- sonnel under guidance of the qualified biologist, and construction or clearing will not be conducted within this zone until the qualified biologist determines that the young have fledged or the nest is no longer active. A report presenting the results will be prepared.

Cost
HES anticipates a total of 40 hours to complete this task at a rate of $95.00 per hour. Total antic- ipated time and materials not to exceed cost: $3,800.00 Task 3. If nesting birds are found within the Main Street Bridge structure, exclusionary devices and nest prevention methods, designed to prevent birds from utilizing the bridge, will be deter- mined and implemented by a qualified biologist. Exclusionary devices must be installed prior to the initiation of nesting season (February 15), and before any bridge demolition and other bridge construction activities begin. The biologist will determine high-visibility fence placement as needed.

Cost
HES anticipates a total of 25 hours to complete this task at a rate of $95.00 per hour. Total antic- ipated time and materials not to exceed cost: $2,375.00 Task 4. Nesting bird habitat within the project limits will be resurveyed during bird breeding sea- son if there is a lapse in construction activities longer than seven days.

Cost
HES anticipates a total of 15 hours to complete this task at a rate of $95.00 per hour. Total antic- ipated time and materials not to exceed cost: $1,425.00 Total for all tasks: $10,450.00
Please let me know if you have any further questions or require any additional information from us.

Thank you A.B.

Sincerely,
Juan J. Hernandez
Principal Biologist
Hernandez Environmental Services
Hernandez Environmental Services
17037 Lakeshore Drive
Lake Elsinore, CA 92530

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761 EXHIBIT 10-H COST PROPOSAL
Specific Rate of Compensation (use for on-call or as-needed contracts) City of Lake Elsinore
Consultant or Subconsultant ___HES_(Subconsultant)__________________ Contract No. _________ Date _October 6, 2020________ FRINGE
BENEFIT %

OVERHEAD
%+ + GENERAL ADMINISTRATION % = COMBINED%
NORMAL

OVERTIME
+
+
+
+
=
=
110.00%
110.00%
FEE % 7%

BILLING INFORMATION
Name/Job Title/Classification¹
Environmental Monitoring

CALCULATION INFORMATION
Effective date of hourly rate Actual % or $
hourly rate³ increase
Hourly Billing Rates² Hourly rate -
Straight

95.00 OT(1.5x) OT(2x)
189.99
189.99
189.99
189.99
From
5/27/20
1/1/21
1/1/22
1/1/23
To for classifications only
$
$
$
$
$ 142.49
142.49
142.49
142.49
$
$
$
$
12/31/20
12/31/21
12/31/22
12/31/23
$ 42.28

42.28 42.28

42.28 95.00

95.00 95.00
$
$
$
$
$
$

0.00%

1. Names and classifications of consultant (key staff) team members must be listed. Provide sheets for prime and all subconsultant firms.

2. Billing rate = actual hourly rate * (1 + ICR) * (1 + Fee). Agreed upon billing rates are not adjustable for the term of the contract.

3. For named employees enter the actual hourly rate. For classifications only, enter the average hourly rate for that classification.

Note:
● Denote all employees subject to prevailing wage with an asterisks (*)

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761 Local Assistance Procedures Manual Exhibit 10-H1
Cost Proposal
EXHIBIT 10-H1 COST PROPOSAL Page 1 of 4

ACTUAL COST-PLUS-FIXED FEE OR LUMP SUM (FIRM FIXED PRICE) CONTRACTS (DESIGN, ENGINEERING AND ENVIRONMENTAL STUDIES)
Note: Mark-ups are Not Allowed ☐ Prime Consultant ☒Subconsultant ☐ 2nd Tier Subconsultant Consultant ZT Consulting Group

DIRECT LABOR
Contract No. City of Lake Elsinore Main S Date 9/13/2020 Classification/Title
Structural Material Rep.*
QA Inspector **
Name
Farzad Tasbihgoo
Various Staff
hours
120
96 Actual Hourly Rate
$80.00
Total
$9,600.00
$4,800.00
$0.00
$50.00
$0.00
$0.00
$0.00
$0.00
$0.00

LABOR COSTS
a) Subtotal Direct Labor Costs
b) Anticipated Salary Increases (see page 2 for sample) $14,400.00
$0.00
c) TOTAL DIRECT LABOR COSTS [(a) + (b)] $14,400.00

FRINGE BENEFITS
d) Fringe Benefits (Rate 0.00% ) e) Total Fringe Benefits [(c) x (d)] $0.00

INDIRECT COSTS
f) Overhead
h) General and Administrative
(Rate: 110.00%
(Rate: 0.00%
)
)
g) Overhead [(c) x (f)]
i) Gen & Admin [(c) x (h)]
$15,840.00
$0.00
j) Total Indirect Costs [(e) + (g) + (i)] $15,840.00
$3,024.00
FEE (Profit)
q) (Rate: 10.00% ) k) TOTAL FIXED PROFIT [(c) + (j)] x (q)]

OTHER DIRECT COSTS (ODC)
Description Unit(s) Unit Cost
$1,000.00
Total
l) Travel (Per Caltrans Policies) 1
1810
1 $1,000.00
$1,050.00
$4,400.00
m)
n)
o)
Mileage (per IRS rate)
Material Testing (see attached)
Subconsultant Costs
$0.58
$4,400.00
p) Total Other Direct Costs [(l) + (m) + (n) + (o)]
TOTAL COST [(c) + (j) + (k) + (p)]
$6,450.00
$39,714.00
NOTES:

1. Key personnel must be marked with an asterisk (*) and employees that are subject to prevailing wage requirements must be marked with two asterisks (**). All costs must comply with the Federal cost principles. Subconsultants will provide their own cost proposals.

2. The cost proposal format shall not be amended. Indirect cost rates shall be updated on an annual basis in accordance with the consultant’s annual accounting period and established by a cognizant agency or accepted by Caltrans.

3. Anticipated salary increases calculation (page 2) must accompany.

Page 1 of 4 ends

Jan-18

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761 Local Assistance Procedures Manual Exhibit 10-H1
Cost Proposal
EXHIBIT 10-H1 COST PROPOSAL (EXAMPLE #1) PAGE 2 OF 2

ACTUAL COST-PLUS-FIXED FEE OR LUMP SUM (FIRM FIXED PRICE) CONTRACTS (SAMPLE CALCULATIONS FOR ANTICIPATED SALARY INCREASES)
Consultant ZT Consulting Group Contract No. City of Lake Elsinore Main S Date 9/13/2020 440871. Calculate Average Hourly Rate for 1st year of the contract (Direct Labor Subtotal divided by total hours) Direct Labor Subtotal
per Cost Proposal
$14,400.00
Total Hours
per Cost Proposal
216
Avg Hourly
Rate
$66.67
5 Year Contract
Duration
Year 1 Avg Hourly Rate=

2. Calculate hourly rate for all years (Increase the Average Hourly Rate for a year by proposed escalation %) Avg Hourly Rate
$66.67
Proposed Escalation
Year 1
Year 2
Year 3
Year 4
Year 5
+
+
+
+
+
0%
0%
0%
0%
0%
=
=
=
=
=
$66.67
$66.67
$66.67
$66.67
$66.67
Year 2 Avg Hourly Rate
Year 3 Avg Hourly Rate
Year 4 Avg Hourly Rate
Year 5 Avg Hourly Rate
Year 5 Avg Hourly Rate
$66.67
$66.67
$66.67
$66.67

3. Calculate estimated hours per year (Multiply estimate % each year by total hours) Estimated %
Completed Each Year

90.00%
Total Hours
per Cost Proposal
216.0
Total Hours
per Year
194.4

21.6 Year 1
Year 2
Year 3
Year 4
Year 5
*
*
*
*
*
=
=
=
=
=
=
Estimated Hours Year 1
Estimated Hours Year 2
Estimated Hours Year 3
Estimated Hours Year 4
Estimated Hours Year 5

10.00%

0.00%

0.00%
216.0
216.0
216.0
216.0

0.0 0.0

0.0 216.0Total 100% Total

4. Calculate Total Costs including Escalation (Multiply Average Hourly Rate by the number of hours) $14,400.00 Avg Hourly Rate
(calculated above)
$66.67
Estimated hours
(calculated above) Cost per Year
Year 1
Year 2
Year 3
Year 4
Year 5
*
*
*
*
*
194
22 0
0 0
=
=
=
=
=
=
=
=
$12,960.00
$1,440.00
$0.00
$0.00
$0.00
$14,400.00
$14,400.00
$0.00
Estimated Hours Year 1
Estimated Hours Year 2
Estimated Hours Year 3
Estimated Hours Year 4
Estimated Hours Year 5
$66.67
$66.67
$66.67
$66.67
Total Direct Labor Cost with Escalation
Direct Labor Subtotal before Escalation
Estimated total of Direct Labor Salary Increase Transfer to Page 1 NOTES:
•
•
•
This is not the only way to estimate salary increases. Other methods will be accepted if they clearly indicate the % increase, the # of years of the contract, and a breakdown of the labor to be performed each year.

An estimation that is based on direct labor multiplied by salary increase % multiplied by the # of years is not acceptable. (i.e. $250,000 x 2% x 5 yrs = $25,000 is not an acceptable methodology) This assumes that one year will be worked at the rate on the cost proposal before salary increases are granted.

Page 2 of 4 ends

Jan-18

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761 Local Assistance Procedures Manual Exhibit 10-H1
Cost Proposal
EXHIBIT 10-H1 COST PROPOSAL (EXAMPLE #1) PAGE 3 OF 4

ACTUAL COST-PLUS-FIXED FEE OR LUMP SUM (FIRM FIXED PRICE) CONTRACTS (SAMPLE CALCULATIONS FOR ANTICIPATED SALARY INCREASES)
Consultant ZT Consulting Group Contract No. City of Lake Elsinore Main S Date 9/13/2020 Estimate of Other Direct Cost (ODC)
Material Testing Summary of Cost
1) Epoxy Coated Bars
2) Elastomer Seal
3) Splices - Mechanical or Hoops or Headed Bars
4) Bearing Pads
5) Structural Fasteners - Anchor Rods
6) Structural Fasteners - High Strength Bolts
7) Strands
8) PT Anchorage
9) APS
Units Cost per Unit
100.00
Cost
0 0
0 0
4 4
8 2
2 $
$
$
$
$
$
$
$
$
$0.00
$0.00
$0.00
1,200.00
150.00
1,200.00
350.00
250.00
150.00
150.00
250.00
$0.00
$1,400.00
$1,000.00
$1,200.00
$300.00
$500.00
$4,400.00
Travel Cost - Per Caltrans Policies (Note 1)
1) Travel per Note 1
Units
1 1810
Cost per Unit Cost
$
$
1,000.00

0.58 $1,000.00
$1,050.002) Mileage per IRS Rate
$2,050.00
Total ODC $6,450.00
Notes

1. Pre-approved travel and Per Diem will be reimbursed in accordance with the current Caltrans Travel Guide for consultants, and detailed in executed Task Order Cost Estimates. No charge will be invoiced for employee relocation costs.

Page 3 of 4 ends

Jan-18

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761 Local Assistance Procedures Manual EXHIBIT 10-H1
Cost Proposal
EXHIBIT 10-H1 COST PROPOSAL Page 3 of 3
Certification of Direct Costs:

I, the undersigned, ceꢀify to the best of my knowledge and belief that all direct costs identified on the cost proposal{s) in this contract are actual, reasonable, allowable, and allocable to the contract in accordance with the contract terms and the following requirements:

1. Generally Accepted Accounting Principles {GAAP)

2. Terms and conditions of the contract

3. Title 23 United States Code Section 112 - Letting of Contracts

4. 48 Code of Federal Regulations Part 31 - Contract Cost Principles and Procedures

5. 23 Code of Federal Regulations Paꢀ 172 - Procurement, Management, and Administration of Engineering and Design Related Service

6. 48 Code of Federal Regulations Paꢀ 9904 - Cost Accounting Standards Board {when applicable)
All costs must be applied consistently and fairly to all contracts. All documentation of compliance must be retained in the project files and be in compliance with applicablefederal and state requirements.

Costs that are noncompliant with the federal and state requirements are not eligible for reimbursement.

Local governments are responsible for applying only cognizant agency approved or Caltrans accepted Indirect Cost Rate{s).

Prime Consultant or Subconsultant Certifying:

PrincipalName:_Fa_rza_d_Ta_sb_ihg_oo________ Title*:

Siꢀature:_ __ Date of Ceꢀification {mm/dd/yyyy): _09_/13_/20__ 818-929-8162farzEmail: ______ ______ __ Phone Number:

Address:_10_41_E_Gr_ee_n S_t._, S_uit_e 2_04_, P_as_ad_en_a,_C_A 9_11_06_____________ *An individual executive or financial officer of the consultant's or subconsultant's organization at a level no lower than a Vice President or a Chief Financial Officer, or equivalent, who has authority to represent the financial information utilized to establish the cost proposal for the contract.

List services the consultant is providinq under the proposed contract:

Quality Assurance and Source Inspection - Material Verification and Testing at Source

Page 4 of 4 ends

Januaꢀ 2020

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761

DATE (MM/DD/YYYY)
CERTIFICATE OF LIABILITY INSURANCE 10/15/2020
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

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

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

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

CONTACTPRODUCER William GermaniNAME:

PHONE FAX
(A/C, No):Germani Insurance Services
3415 S Sepulveda Blvd.
11th Floor
(310) 733-2390(A/C, No, Ext):

E-MAIL
ADDRESS: [email protected]
INSURER(S) AFFORDING COVERAGE NAIC #
65978
19445
20443
19801
Los Angeles CA 90034 INSURER A : METROPOLITAN LIFE INS CO NATIONAL UNION FIRE INSURANCE COINSURED INSURER B :

FCG CONSULTANTS, INC. INSURER C : CONTINENTAL CASUALTY COMPANY INSURER D : ARGONAUT INSURANCE COMPANY
INSURER E :
22885 Savi Ranch Parkway , Unit G,
Yorba Linda CA 92887 INSURER F :

COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

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

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

INSR ADDLSUBR

INSD WVD

POLICY EFF POLICY EXP

LTR TYPE OF INSURANCE POLICY NUMBER (MM/DD/YYYY) (MM/DD/YYYY) LIMITS ✘ COMMERCIAL GENERAL LIABILITY 2,000,000
1,000,000
5,000

EACH OCCURRENCE

DAMAGE TO RENTED
$
$
$
$
$
✘CLAIMS-MADE OCCUR PREMISES (Ea occurrence)
MED EXP (Any one person)
A BP013156P2020 6/22/2020 6/22/2021 PERSONAL & ADV INJURY

GENERAL AGGREGATE
2,000,000
4,000,000
4,000,000
GEN'L AGGREGATE LIMIT APPLIES PER:
✘
PRO-

JECTPOLICY
OTHER:

LOC PRODUCTS - COMP/OP AGG $
$
COMBINED SINGLE LIMITAUTOMOBILE LIABILITY $
$
$
$
$
(Ea accident)
ANY AUTO BODILY INJURY (Per person)

OWNED SCHEDULED
AUTOS

NON-OWNED

AUTOS ONLY
BODILY INJURY (Per accident)

PROPERTY DAMAGE
(Per accident)

AUTOS ONLY
HIRED

AUTOS ONLY
✘ ✘UMBRELLA LIAB 2,000,000
2,000,000
2,000,000

OCCUR EACH OCCURRENCE

AGGREGATE
$
$
$
B
C
D
EXCESS LIAB CLAIMS-MADE EBU011430914
6021566857
06/22/2020 6/22/2021
DED RETENTION $
✘
PER

STATUTE
OTH-
ER

WORKERS COMPENSATION

AND EMPLOYERS' LIABILITY

ANY PROPRIETOR/PARTNER/EXECUTIVE
OFFICER/MEMBER EXCLUDED?
(Mandatory in NH)
Y / N
E.L. EACH ACCIDENT $
$
$
1,000,000
1,000,000
1,000,000
1,000,000
2,000,000
10,000
Y N / A 06/22/2020 06/22/2021
06/22/2020 06/22/2021
E.L. DISEASE - EA EMPLOYEE
E.L. DISEASE - POLICY LIMIT

EACH CLAIM
If yes, describe under
DESCRIPTION OF OPERATIONS below
PROFESIONAL LIABILITY 121AE0001000302 AGGREGATE

DEDUCTIBLE
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

CERTIFICATE HOLDER CANCELLATION

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.City of Lake Elsinore

AUTHORIZED REPRESENTATIVE
© 1988-2015 ACORD CORPORATION. All rights reserved.

ACORD 25 (2016/03) The ACORD name and logo are registered marks of ACORD

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761 Workers Compensation And Employers Liability Insurance
Policy Endorsement

BLANKET WAIVER OF OUR RIGHT TO RECOVER FROM OTHERS
This endorsement changes the policy to which it is attached.

It is agreed that Part One - Workers’ Compensation Insurance G. Recovery From Others and Part Two - Employers’ Liability Insurance H. Recovery From Others are amended by adding the following:

We will not enforce our right to recover against persons or organizations. (This agreement applies only to the extent that you perform work under a written contract that requires you to obtain this agreement from us.) PREMIUM CHARGE - Refer to the Schedule of Operations
The charge will be an amount to which you and we agree that is a percentage of the total standard premium for California exposure. The amount is 2%.

All other terms and conditions of the policy remain unchanged.

This endorsement, which forms a part of and is for attachment to the policy issued by the designated Insurers, takes effect on the Policy Effective Date of said policy at the hour stated in said policy, unless another effective date (the Endorsement Effective Date) is shown below, and expires concurrently with said policy unless another expiration date is shown below.

Form No: G-19160-B (11-1997)
Endorsement Effective Date:

Endorsement No: 2; Page: 1 of 1
Policy No: WC 6 21566857
Policy Effective Date: 06/22/2020
Policy Page: 12 of 15
Endorsement Expiration Date:

Underwriting Company: National Fire Insurance Company of Hartford, 151 N Franklin St, Chicago, IL 60606
© Copyright CNA All Rights Reserved.

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761 POLICY NUMBER: BP013156P2020 BUSINESSOWNERS
BP 14 88 07 13
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

PRIMARY AND NONCONTRIBUTORY –

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

BUSINESSOWNERS COVERAGE FORM
The following is added to Paragraph H. Other 2. You have agreed in writing in a contract or agreement that this insurance would be
primary and would not seek contribution from
any other insurance available to the additional
insured.

Insurance of Section III – Common Policy
Conditions and supersedes any provision to the
contrary:

Primary And Noncontributory Insurance
This insurance is primary to and will not seek
contribution from any other insurance available to
an additional insured under your policy provided
that:

1. The additional insured is a Named Insured
under such other insurance; and
BP 14 88 07 13 © Insurance Services Office, Inc., 2012 Page 1 of 1

DocuSign Envelope ID: B4AB5DC5-3A0A-431C-AD1E-6027FA52E761

BUSINESS LICENSE
This business license is issued for revenue purposes only and does not grant authorization to operate a business. This business license is issued without verification that the holder is subject to or exempted from licensing by the state, county, federal government, or any other governmental agency.

CITY OF LAKE ELSINORE
Administrative Services - Licensing
130 South Main Street, Lake Elsinore, CA 92530
PH (951) 674-3124
Business Name: FCG CONSULTANTS, INC. BUSINESS LICENSE NO. 025496 Business Location: 22885 SAVI RANCH PKWY STE G Business Type: CONSULTING SERVICES YORBA LINDA, CA 92887-4659
Owner Name(s): FCG CONSULTANTS, INC. Description: CONSTRUCTION MANAGEMENT &

CONSTRUCTION INSPECTION
Issue Date: 10/20/2020 Expiration Date: 10/31/2021
FCG CONSULTANTS, INC.
22885 SAVI RANCH PKWY STE G
YORBA LINDA, CA 92887-4659
TO BE POSTED IN A CONSPICUOUS PLACE THIS IS YOUR LICENSE • NOT TRANSFERABLE

11)
Tract 38271 Laguna Pointe Haul Route
Approve and authorize the Mayor and City Manager to execute a Haul Route Agreement requested for Tract 38271 Laguna Pointe.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Remon Habib, City Engineer
Date:April 23, 2024
Subject:Tract 38271 Laguna Pointe Haul Route
Recommendation
Approve and authorize the Mayor and City Manager to execute a Haul Route Agreement requested for Tract 38271 Laguna Pointe.

Background
In August 2010, the City Council passed Ordinance 1271. The Ordinance requires all projects with transportation of earth materials in excess of 5,000 cubic yards to have their haul routes approved by the City Council. D.R. Horton is requesting approval of a haul route to be used during subject development’s export phase.

Discussion
Grading work will be commencing on Tract 38271 residential site and one of the requirements prior to issuance of a grading permit is a Haul Route permit. Export of material is required to lower the pad and finished elevations of the site. D.R. Horton will export approximately 9,345 cubic yards of material and the disposition of material will be at a project site in the City of Winchester.

Reed Thomas Company Inc. has been contracted with D.R. Horton to conduct the export. One (1) haul route will be used for loaded and unloaded trucks from this site.

Travel from Export Site (Loaded Trucks):
•Northwest on Lakeshore Drive
•Right onto Lake Street
•Right onto I-15 South
•Right onto Diamond Drive
•Left onto Railroad Canyon Road
•Left onto Menifee Road
•Right onto Simpson Road to the disposal site
Laguna Pointe Haul Route

Page 2 of 2 ends

Return to export site (Unloaded Trucks):
•West onto Simpson Road from disposal site
•Left onto Menifee Road
•Right onto Newport Road
•Southwest onto Railroad Canyon Road
•Left onto I-15 North
•Right onto Lake Street
•Left onto Lakeshore Drive to the project site
The approved hours of work will be from 8:00 am to 4:00 pm, Monday through Friday. to minimize the impact on rush hour traffic. D.R. Horton has provided video log of the condition of the haul route before start of work. D.R. Horton has also posted a $5,000 cash deposit that is refundable upon the successful completion of hauling and cleanup activities.

Conditions for this hauling process are as follows:

1. Provide equipment in the form of a front-end load or two (2) ski steer loaders including operator, trailer, and tow vehicle, street sweeper, and dump truck to respond within 30- minutes of any report spill along the haul route.

2. Distribute the haul route and hours of operations to all haul truck operators prior to hauling operations.

3. Provide “Slow Trucks” signs at designated locations as approved by the City Engineer.

4. Provide a flagman to aid with traffic control at entrance to the project site.

5. Provide dust control measures including water trucks at receiving locations.

6. Daily sweeping of all impacted roads at the discretion of the City Engineering Inspector.

7. Provide documentation that the trucks being used has passed CHP and/or DMV inspections within the past 12 months.

8. Violations of any of these conditions will result in the stoppage of work until such time that a Safety and Compliance meeting can be held with the Inspector and City Engineer.

9. It is the Developer’s responsibility to file and obtain a grading permit with the proper jurisdiction(s) at the disposal site.

10. The City reserves the right to modify hours of operation should hauling interfere with school traffic in order to avoid drop-off and pick-up times.

Fiscal Impact
D.R. Horton will be responsible for any damage occurring to the City streets and has placed security with the City to guarantee such.

Attachments
Attachment 1 - Haul Route
Attachment 2 - Haul Route Questionnaire
Attachment 3 - Haul Route Agreement
Proposed Route:

1. Head northwest on Lakeshore Dr toward Allis St

2. Use the right 2 lanes to turn right onto Lake St

3. Turn right to merge onto I-15 S toward San Diego

4. Take exit 73 for Diamond Dr/Railroad Canyon Rd

5. Use the left 2 lanes to turn left onto Railroad
Canyon Rd
Pass by Bank of America (with Drive-thru ATM) (on
the right in 2.4 mi)

6. Continue onto Newport Rd

7. Slight left toward Menifee Rd

8. Turn left onto Menifee Rd

1.2 mi

2.6 mi

7.2 mi

0.3 mi

4.4 mi

4.7 mi
492 ft

1.6 mi9. Turn right onto Simpson Rd
Destination will be on the right

1.5 mi
Project Name: TR 38271 Laguna Pointe
Permittee: D.R. Horton America's Builder
Contact: Dean Pernicone - (951)-403-5251

12)
Notice of Completion on Roof Replacement at City Hall (CIP Project #Z20005) Accept the improvements and authorize the City Clerk to file the Notice of Completion with the County Recorder for the City Hall Roof Replacement Project (Project #Z20005) completed by CalCom Roofing, Inc.

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:April 23, 2024
Subject:Notice of Completion on Roof Replacement at City Hall (CIP Project #Z20005)
Recommendation
Accept the improvements and authorize the City Clerk to file the Notice of Completion with the County Recorder for the City Hall Roof Replacement Project (Project #Z20005) completed by CalCom Roofing, Inc.

Background
The City Council approved a contract to CalCom Roofing, Inc. 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 City Hall
(If other than fee, strike “in Fee” and insert, for example, “purchaser under contract of purchase,” or “lessee”)

5. The f ull 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
N one

6. A work of improvement on the property hereinafter described was completed on March 26, 2024 . The work done was:

Roof replacement for City Hall The name of the contractor, if any, for such work of improvement was:

CalCom Roofing 850 E. Parkridge Ave. Unit 110-111 Corona, CA 92879 January 9, 2024 (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 C oun ty of Riverside , State of California, and is described as follows: Roof replacement for City Hall

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:

C ity 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 April 23 , 20 24 , at City of Lake Elsinore , California. (Date of signature) (City where signed)
(Per sonal si gnatur e of the individual who is swearing that the contents of the notice of completion are true)
City Manager

13)
Notice of Completion on Roof Replacement at Swick & Matich Park (CIP Project #Z40023)
Accept the improvements and authorize the City Clerk to file the Notice of Completion with the County Recorder for the Swick & Matich Park Roof Replacement Project (Project #Z40023) completed by Don Luginbill Roofing, Inc. (JJ Roofing).

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:April 23, 2024
Subject:Notice of Completion on Roof Replacement at Swick & Matich Park (CIP Project #Z40023)
Recommendation
Accept the improvements and authorize the City Clerk to file the Notice of Completion with the County Recorder for the Swick & Matich Park Roof Replacement Project (Project #Z40023) completed by Don Luginbill Roofing, Inc. (JJ Roofing).

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

Final billing and invoicing have been received by the City and the contractor 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 at Swick & Matich 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 March 26, 2024 . The work done was:

Roof replacement at Swick & Matich Park The name of the contractor, if any, for such work of improvement was:

Don Luginbill Roofing (JJ Roofing) 2011 Spruce St. Riverside, Ca 92507 January 23, 2024 (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 Swick & Matich Park

9. The street address of said property is 402 Limited St. Lake Elsinore, CA 92530 (If no street address has been officially assigned, insert “none”) Dated:

City Clerk: Candice Alvarez, MMC

Executed on April 23 , 20 24 , at City of Lake Elsinore , California. (Date of signature) (City where signed)
(Per sona l si gnatur e 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)
City Manager

14)
Purchase of One (1) Heavy Duty 4-post Vehicle Lift
Approve and authorize the City Manager to execute a purchase order with Southwest Lift & Equipment, Inc. for one (1) Heavy Duty 4-Post Vehicle Lift in an amount not to exceed $36,173.55 (including tax) in such final form approved by the City Attorney.

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:Rick De Santiago, Public Works Manager
Date:April 23, 2024
Subject:Purchase of One (1) Heavy Duty 4-post Vehicle Lift Recommendation
Approve and authorize the City Manager to execute a purchase order with Southwest Lift & Equipment, Inc. for one (1) Heavy Duty 4-Post Vehicle Lift in an amount not to exceed $36,173.55 (including tax) in such final form approved by the City Attorney.

Background
Public Works Operations has one (1) 4-Post Vehicle Lift purchased in July of 2006. Safety regulations and standards are constantly evolving, and the Public Works Department needs to comply to avoid any potential penalties for non-compliance. The current vehicle lift is prone to breakdowns and requires frequent repairs, causing delays and disruptions in maintenance operations. By replacing it with a new heavy-duty four-post lift from Southwest Lift & Equipment, the Public Works Department can ensure a safer working environment and reduce the risk of accidents or injuries.

Purchase of One (1) 4-Post Vehicle Lift

Page 2 of 2 ends

Discussion
The purchase of this 4-post vehicle lift ensures long-term durability and reliability. The heavy-duty four-post vehicle lift allows easy and efficient maintenance and repair of heavy vehicles and equipment. It provides a stable and secure platform for lifting and working on vehicles, reducing the time and effort required for maintenance tasks. The 4-post lift accommodates many vehicles, including heavy-duty vehicles and construction equipment, making it suitable for Public Works Operations, which has a diverse fleet of vehicles to maintain.

Staff solicited three quotes to purchase one (1) 4-Post Vehicle Lift. The amounts of each quote are listed below:

Company Amount
Southwest Lift & Equipment $36,173.55
The Lift Super Store $40,384.31
Stertil-Koni $73,225.19
Fiscal Impact
Funds are available in the Internal Service Fund for FY23-24.

Attachments
Attachment 1 - Quote

From:Robert Stekkinger-Sales Manager
Office:(909) 867-9820
Cell:(909) 269-2852
Email:[email protected]
TO:City of Lake Elsinore
ATTN:Luis Ceja
ADDRESS:521 North Langstaff
Lake Elsinore, CA 92530
PHONE:(951) 805-9927
EMAIL:[email protected]
Date Quote#
2/20/2024 RS022024-578
Pricing on this quote is valid for 30 days.

Item Description Qty Rate Total
TLS415FDCRx1
TLS Heavy Duty 4-post lift 15,000lbs. Capacity ~ closed front flat deck with 17' 6" runways, 21 5"' overall length , 11' 5"" overall width, 23" wide adjustable runways ~ 74" raised height ~ 8 3/8" lowered height, 208/230 volt-1ph-60Hz
ALI certified ALCTV 2017.
1 $14,396.00 $14,396.00
Optional
accessory
TLSRJ7500HD
TLS-RJ7500HD 7,500lbs. Capacity heavy duty Rolling Bridge Jack (Air/Hydraulic)
2 $4,788.00 $9,576.00
Taxable Amount $23,972.00
Tax Rate 8.75% $2,097.55
Estimated Freight 4000lbs $3,000.00
Equipment Rental $0.00
Civil work $0.00
Removal/Installation $7,104.00
Grand Total $36,173.55
Visit our website! www.southwestlift.com
Notes & Exclusions:
-Please note quote includes installation of new equipment, load testing and operator training.
-Quote does not include electrical or air, Southwest Lift will make connections to air and electrical supplied by others or pre-existing conditions. -Includes removal and set aside or haul away of existing 4-post lift. -Forklift required for unload and installation. (Customer provided) Equipment Quote
We look forWard to Working With you!
(909) 867-9820 Main Office CA OFFICE: 254 E. Valley St., San Bernardino CA 92408 AZ OFFICE: 22130 S. Scotland Ct., Unit 101, Queen Creek AZ 85142 AZ ROC # 312026
CA CSLB # 929354
DIR # 1000004585
15)
Purchase of One (1) Mobile Concrete Mixing Trailer

1. Approve

and

authorize

the

City

Manager

execute

purchase

order

with

Cart-Away
Concrete

Systems,

Inc.,

for

one

(1)

Mobile

Concrete

Mixing

Trailer

amount

not

to
exceed

$50,296.88

(including

tax)

such

final

form

approved

the

City

Attorney,
and

2. Find

that

the

proposed

purchase

exempt

from

the

standard

bidding

procedures
pursuant

LEMC

Section

3.08.070.B.

because

the

commodity

can

obtained

from
only one vendor.

Page 1 of 2 ends

1. Approve and authorize the City Manager to execute a purchase order with Cart-Away Concrete Systems, Inc., for one (1) Mobile Concrete Mixing Trailer in an amount not to exceed $50,296.88 (including tax) in such final form as approved by the City Attorney, and

2. Find that the proposed purchase is exempt from the standard bidding procedures pursuant to LEMC Section 3.08.070.B. because the commodity can be obtained from only one vendor.

Background
The mobile concrete mixing trailer is designed to be easily towed and transported to different job sites, allowing flexibility and convenience in delivering concrete where needed. By owning a mobile concrete mixing trailer, the Public Works Department can save on renting or outsourcing concrete mixing services, leading to significant cost savings in the long run. The mixing trailer was designed to provide a complete, compact mixing trailer of 7,000 lbs. to allow it to be towed without a commercial endorsement. The Public Works Department can produce concrete directly at the job site with a concrete mixing trailer.

Discussion
The purchase of this mobile concrete mixing trailer provides the Public Works Department with portability, cost savings, on-site production, control over concrete quality, flexibility, and durability.

These benefits contribute to more efficient and cost-effective concrete mixing operations for the department’s construction projects.

Mobile Concrete Mixing Trailer

Page 2 of 2 ends

1 1
4 6
There is only one manufacturer currently producing a mobile concrete mixing trailer. As a result, our request for quotes was limited to a single manufacturer, restricting our options, and we proceeded with the available proposal accordingly.

Fiscal Impact
Funds are available in the Internal Service Fund for FY23-24.

Attachments
Attachment 1 - Quote
"Turning Quality into Concrete"
Thursday , March 21, 2024
Luis Ceja
City of Lake Elsinore
To Whom It May Concern ,
This is to inform you that Cart-Away Concrete Systems , Inc, herein known as Cart-Away , with headquarters and manufacturing facilities located at 2490 Ewald Ave SE, Salem , OR 97302 is the creator , marketer and manufacturer of the CMT-100 1 Cubic Yard Mixing Trailer.

The design and function of the units are proprietary to Cart-Away and is used by customers to mix up to 1-1/4 yards of concrete using the most efficient and cost-effective means available .

The Mixing Trailer was designed to provide a complete , compact mixing trailer with a GVW of 7,000 lbs to allow it to be towed without a commercial endorsement.

Since having purchased the U-Cart of America/Trailer Haul Concrete Systems company , Cart Away is the sole manufacturer and marketer of the CMT- 100 in the United States . No other representatives can sell this same product in the USA. Any Purchasing Groups that would quote you will get their numbers from us, as well.

Please feel free to contact me if you have questions.

Take Care,
Scott Crist
General Manager
Cart-Away Concrete Systems , Inc
800-909-9809
[email protected]
Cart-Away Concrete Systems, Inc.
1405 NE Alpha Drive
McMinnville, Oregon, United States 97128
(503)434-4444 • Fax (503)434-5888 • www.cart-away.com
Call a Cart-Away Expert at 1-800-909-9809
City of Lake Elsinore - CMT100
Quote created: March 19, 2024 Reference: 20240319-064841007 City of Lake Elsinore
130 South Main Street
Lake Elsinore, CA 92530
United States
Luis Ceja
[email protected]
951-674-5170 X 927
Products & Services
CMT - 1 Yard Towable Concrete Mixing Trailer
• 1 Yard Capacity
• Gas Engine Powered
• Heavy Duty Gearbox
• GearSaver Hydraulic Operational Controls
• Adjustable Tongue Height
• 2” Autolock Ball Coupler
• 4-Wheel Hydraulic Surge Brakes
• Black TandemFlex TPO Fenders
• Powder-Coated Standard Blue Frame with Light Grey Drum • 1 Year Warranty
1 x $43,700.00
Comments
CURRENT LEAD TIME IS 12-16 WEEKS FROM RECEIPT OF PURCHASE ORDER Scotty Crist - "General Manager" Cart-Away Concrete Systems, Inc.

One-time subtotal $43,700.00
LTL Shipping to Lake Elsinore $2,550.00

8.75% Tax $4,046.88
Total $50,296.88
Signature
Signature Date
Printed name
This quote expires on April 2, 2024
Questions? Contact me
Scotty Crist
Purchase terms
Purchase Order And 25% Deposit Required To Place Order:
$12,574.22
Balance Due Prior To Shipping:
$37,722.66
Quotes Are Good For 14 Days Only
Cancellations After Receiving Deposit Will Be Subject To A 20% Administrative Fee. This is an immediate charge upon receiving a deposit.

I am a reseller and would like Cart-Away Concrete Systems to apply my reseller certiﬁcate number _______________ for the above equipment purchase. A copy of the certiﬁcate must accompany the signed quote.

QUOTED FREIGHT CHARGES ARE APPROXIMATE! ALL ORDERS WILL HAVE FREIGHT RE-

QUOTED PRIOR TO SHIPPING
"General Manager"
[email protected]
503-434-4444
Cart-Away Concrete Systems, Inc.
2490 Ewald Ave SE, Salem, OR 97302
USA

16)
Minutes of the Regular Successor Agency Meeting of April 9, 2024 Approve the Minutes.

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY
To:Honorable Chair and Members of the Successor Agency
From:Jason Simpson, Executive Director
Prepared by:Candice Alvarez, MMC, Secretary
Date:April 23, 2024
Subject:Minutes of the Regular Successor Agency Meeting of April 9, 2024 Recommendation
Approve the Minutes.

Attachments
Attachment 1- 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:

April 09, 2024

Closed Session: NONE
Public Session: 7:00 PM

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

CALL TO ORDER - 7:00 P.M.

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

PLEDGE OF ALLEGIANCE

Mayor Manos led the Pledge of Allegiance.

MOMENT OF SILENCE

ROLL CALL

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

Absent: 0 - None

PRESENTATIONS/CEREMONIALS

1) DMV Donate Life Month

Present a Proclamation proclaiming the month of April 2024 as “DMV Donate Life Month” in the City of Lake Elsinore.

Mayor Manos presented the Proclamation to Erika Heranic, OneLegacy Ambassador.

City Council Minutes - Draft April 09, 2024

City of Lake Elsinore Page 2

2) Southern California Invention Convention Nationals

View a presentation from students of Julia Lee Performing Arts Academy regarding Southern California Invention Convention Nationals.

Mayor Manos presented Certificates of Recognition to Eden Smits, Layanie Gonzalez, Jayda Herald, Scarlett Watkins, Matie Flores, Arnulfo Castro, Amani Joy, Aislinn Delgado, Sofia Flores, Mikayla Gonzalez, and Na’vi Jones for their participation in the Southern California Invention Convention representing the Julia Lee Performing Arts Academy, the City of Lake Elsinore, and Riverside County, and to Isabella Correa for securing 2nd place at the Riverside County Science & Engineering Fair.

3) Riverside County Sheriff's Office 2024 First Quarter Statistical Update

Lieutenant Clark presented the update.

4) STAX Special Tax Information Portal

Receive a presentation from Spicer Consulting Group.

Shane Spicer provided a presentation.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

Ace Vallejos was called to speak.

CITY COUNCIL CONSENT CALENDAR

A motion was made by Council Member Johnson, seconded by Mayor Pro Tem Tisdale to approve the City Council Consent Calendar. 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

5) Minutes of the Regular City Council Meeting of March 26, 2024

Approve the Minutes.

This item was approved on the City Council Consent Calendar.

6) CC Warrant Report Dated March 01, 2024, to March 15, 2024

Receive and file.

This item was approved on the City Council Consent Calendar.

7) Tract Map 38616, New Ventures

Approve Tract Map 38616 subject to City Engineer’s acceptance as being true and correct and authorize the City Clerk to sign the map and arrange for recordation.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft April 09, 2024

City of Lake Elsinore Page 3

8) Annual Professional Design Services On -Call Agreement in Support of City of Lake Elsinore’s Minor Construction Projects

Approve and authorize the City Manager to execute the Professional Design Services On-Call Agreements with STK Architecture Inc., in the amount not to exceed $50,000 in the form attached and in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

9) Haul Route for EVMWD Regional Water Reclamation Facility Expansion Project

1. Approve the request for the haul route; and,

2. Approve and authorize the Mayor and City Manager to execute the Haul Route Agreement.

This item was approved on the City Council Consent Calendar.

10) Acceptance of the Street Outreach Grant From Riverside County's Continuum of Care

Approve and authorize the City Manager to execute an agreement with the County of Riverside Continuum of Care to accept a grant in the amount $205,170 for Street Outreach services.

This item was approved on the City Council Consent Calendar.

11) Loan Commitment Letter for Cambern Apartments Affordable Housing Project Proposal

Approve the Loan Commitment Letter for the Cambern Apartments Affordable Housing Project Proposal in substantially the form attached and authorize the City Manager and City Attorney jointly to make necessary and appropriate revisions without increasing the City’s financial commitment for submittal with CHW’s tax credit application.

This item was approved on the City Council Consent Calendar.

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

12) Minutes of the Regular Successor Agency Meeting of March 26, 2024

Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

City Council Minutes - Draft April 09, 2024

City of Lake Elsinore Page 4

13) SA Warrant Report Dated March 01, 2024, to March 15, 2024

Receive and file.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARING

14) Planning Application No. 2021 -43 (Canyon Hills Estates) – A request to revise a previously approved Tentative Tract Map No. 34249 to subdivide the 81.32 -acre portion into 133 single -family residential lots, three open space lots, two water quality basins, and one 5.82 -acre park and the design and construction of 133 single-family homes and related site improvements located within the Canyon Hills Estates Specific Plan

1. Find that the project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15182(c) (Residential Projects Implementing Specific Plans;

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

ELSINORE, CALIFORNIA, ADOPTING FINDINGS THAT PLANNING
APPLICATION NO. 2021 -43 (TENTATIVE TRACT MAP NO. 34249, REVISION NO. 1 AND RESIDENTIAL DESIGN REVIEW NO. 2022 -06) IS CONSISTENT

WITH THE WESTERN RIVERSIDE COUNTY MULTIPLE SPECIES HABITAT CONSERVATION PLAN (MSHCP);

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING TENTATIVE TRACT MAP NO. 34249, REVISION NO. 1 FOR THE SUBDIVISION OF 81.32 -ACRES INTO 133 SINGLE-

FAMILY RESIDENTIAL LOTS, THREE OPEN SPACE LOTS, TWO WATER QUALITY BASINS, AND ONE 5.82 -ACRE PARK WITHIN THE CANYON HILLS ESTATES SPECIFIC PLAN LOCATED AT APNS 365 -230-005, 006, 009, 011, AND 012; and

4. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING RESIDENTIAL DESIGN REVIEW NO. 2022-06 PROVIDING BUILDING DESIGNS AND RELATED IMPROVEMENTS FOR 133 SINGLE -FAMILY RESIDENTIAL UNITS FOR TENTATIVE TRACT NO. 34249, REVISION NO. 1 WITHIN THE CANYON HILLS ESTATES SPECIFIC PLAN LOCATED AT APNS 365-230-005, 006, 009, 011, AND 012.

The Public Hearing was opened at 7:47 p.m.

Community Development Director Abraham presented the staff report.

Gregory Hohman, Tri Pointe Homes, applicant, presented the project.

James Winkler was called to speak.

The Public Hearing was closed at 8:03 p.m.

City Council Minutes - Draft April 09, 2024

City of Lake Elsinore Page 5

A motion was made by Council Member Johnson, seconded by Council Member Magee to approve all four of staff’s recommendations. 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

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES

Magdalena Bianchi was called to speak.

Susan Lovett was called to speak.

CITY ATTORNEY COMMENTS

City Attorney Leibold had no comments.

CITY MANAGER'S COMMENTS

City Manager Simpson had no comments.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

Council Member Sheridan reported on his attendance at the Riverside Transit Agency Southwest T-Now meeting on March 27, 2024 and Board of Directors meeting on March 28, 2024; noted that the Riverside Transit Agency is hosting Free Ride Fridays; shared photos from the Lake Elsinore Historical Society’s Second Ruth Atkins Speaker Series event; and reported on the Storm’s Opening Weekend results.

Council Member Johnson reported on her attendance at the Western Riverside County Regional Conservation Authority meeting on April 1, 2024; provided updates from the Homeless Task Force for March 2024; invited the community to participate in the COPS for Kids Celebrity Golf Tournament on May 3, 2024 at Dos Lagos Golf Course; invited community members to attend the Chamber of Commerce’s 2024 Salute to the Elected event from 6:00 – 9:00 p.m. on Friday, June 14, 2024 at Pins and Pockets; congratulated this month’s Students of the Month; and provided an update on poppies in Walker Canyon.

Council Member Magee shared that the Riverside County Transportation Commission Execute Committee will be meeting on Wednesday, April 10, 2024; announced the April Fuels Day Sand Drags event which will be held April 12- 14, 2024 at the Lake Elsinore Motorsports Park; and invited the community to participate in the 11
th Annual Dream Extreme Fishing Derby on
Saturday, May 18, 2024 at Launch Pointe.

Mayor Pro Tem Tisdale reported on his attendance at the Western Riverside Council of Governments Executive Committee meeting on April 1, 2024.

Mayor Manos reported on his attendance at the Southern California Association of Governments Regional Council and Transportation Committee meetings on April 4, 2024; encouraged residents to participate in the Color Run from 7:00 a.m. – 12:00 p.m. on April 28, 2024 at the Diamond Stadium Levee; provided an update on the Lake Water and Microcystin; invited the community to listen to the Connect LE Podcast on April 15, 2024; and announced the Noche de Estrellas event on May 5, 2024 at Diamond Stadium.

City Council Minutes - Draft April 09, 2024

City of Lake Elsinore Page 6

ADJOURNMENT

The Lake Elsinore City Council adjourned at 8:29 p.m. to the next Regular meeting of Tuesday, April 23, 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.

17)
SA Investment Report for March 2024
Receive and file the Investment Report for March 2024.

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY

OF LAKE ELSINORE
To:Honorable Agency Chair and Members of the Successor Agency From:Jason Simpson, Executive Director
Prepared by:Shannon Buckley, Assistant Executive Director Date:April 23, 2024
Subject:SA Investment Report for March 2024
Recommendation
Receive and file the Investment Report for March 2024.

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

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1- Investment Report for March 2024

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account 3,028,687 $ 71,105 $ (184,502) $ 2,915,290 $ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300 City of Lake Elsinore Petty Cash Fund - - - 2,000 Total Cash Accounts 3,028,687 71,105 (184,502) 2,917,590

INVESTMENTS
Local Agency Investment Funds 70,976,822 - - 70,976,822 CAMP Investments:

CAMP Pool Account 221,403 - - 221,403 U.S. Treasury Bond / Note 22,367,343 - - 22,367,343 Supra-National Agency Bond / Note - - - - Municipal Bond / Note 1,536,023 - - 1,536,023 Federal Agency Commercial Mortgage-Backed Security 7,272,514 - - 7,272,514 Federal Agency Bond / Note 2,266,362 - - 2,266,362 Corporate Note 12,576,428 - - 12,576,428 Certificate of Deposit 900,000 - - 900,000 Asset-Backed Security 5,254,992 - - 5,254,992 Sub-total Investments 123,371,885 - - 123,371,885 Market Value Adjustment:

Unrealized Gain/(Loss) at 12/31/2023 (584,093) - - (584,093) Total Investments 122,787,793 - - 122,787,793 Total Pooled Cash and Investments 125,816,480 $ 71,105 $ (184,502) $ 125,705,383 $ TOTAL POOLED CASH AND INVESTMENTS 125,705,383$
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 April 10, 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 MARCH 31, 2024

FUND NO FUND NAME AMOUNT
100 General 13,701,750 $
102 Measure Z 20,314,398
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) 1,302,998 110 State Gas Tax 515,651
111 TUMF C.I.P. 7,137
112 Measure A 1,271,682
114 SB1186 CASP Education Program 65,108
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 1,391,276 140 Geothermal 12,119
155 CSA152 -- N.P.D.E.S. 64,068
202 La Strada RBBD 24,716
203 E.L.S.P. - S.T.I.F. 3,485,332
205 Traffic Impact Fee 572,095
211 Storm Drain C.I.P. 3,256,471
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 998,984
305 Information Systems Service 2,834,993
310 Support Service 27,041
315 Fleet Service 145,862
320 Facilities Service 2,221,976
331 CFD 2006-1CC Summerly Improvement Area CC 55,438
332 CFD 2006-1 Improvement Area B, Summerly 29,553
334 CFD 2015-5 Trieste - Far West Industries 38,612
335 CFD 2003-2E Canyon Hills Improvement Area E 46,512
336 CFD 2006-1FF Summerly Improvement Area FF 29,262
337 CFD 2016-2 Canyon Hills 227,221
338 CFD 2006-1 IA-JJ Summerly Improvement Area 68,704
339 CFD 2006-1 IA-KK Summerly Improvement Area 41,844
340 CFD 2006-1 IA-EE Summerly Improvement Area 58,266
345 CFD 2003-2 Improvement Area D, Canyon Hills 650,659 346 CFD 2014-1 Southshore 70,443
347 CFD 2006-1 Improvement Area A, Summerly 69,697
350 CFD 98-1 Summerhill 424,753
351 CFD 2006-1 IA-II Summerly Improvement 23,934
354 CFD 90-2 Tuscany Hills 547,268
355 RAD 2021-1 Canyon Hills Improvement 326,151

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 MARCH 31, 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 MARCH 31, 2024
357 CFD 2003-2 Canyon Hills Improvement Area 110,253
361 CFD 2022-2 Lakeshore Improvement 9,650
364 CFD 2023-2 Coastal Mission Trail Improvement 20,812 366 CFD 2005-6 City Center Townhomes 97,947
368 CFD 2006-2 Viscaya 207,801
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 616,824 370 CFD 2006-1 IA-HH Summerly Improvement 53,575
371 CFD 2005-1 Serenity 214,638
372 CFD 2005-2 Alberhill Ranch Improvement Area 507,108 374 CFD 2005-4 Lakeview Villas 2,475
375 CFD 2006-4 Clurman 126,087
378 CFD 2006-8 Running Deer Estates 44,044
384 CFD 2003-2 Area B Canyon Hills Improvement Area 629,625 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 555,015 386 CFD 2007-4 Mekenna Court 33,216
387 CFD 2007-5 Red Kite 30,612
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 144,332 392 CFD 95-1 City Center 45,373
394 CFD 2005-5 (2012A) Wasson Canyon 104,940
395 CFD 2018-1 Wasson Canyon II Improvement Area 816
396 CFD 2018-2 Nichols Ranch Improvement Area 91,196
397 CFD 2018-3 Village at Lakeshore 49,419
500 Capital Improvement Plan 10,453,047
603 Endowment Trust - Carl Graves 62,625
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 1,534,895
617 Successor Agency Housing 34,517,767
620 Cost Recovery System 7,602,068
631 Lake Destratification Equipment Replacement 495,796 Total Pooled Cash & Investments 125,705,383$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.18% 221,403 $
U.S. Treasury Bond / Note Unlimited 18.13% 22,367,343 $ Supra-National Agency Bond / Note 30% 0.00% - $
Municipal Bond / Note Unlimited 1.25% 1,536,023 $
Federal Agency Collaterized Mortgage Obligation 40% 5.89% 7,272,51 4$ Federal Agency Bond / Note Unlimited 1.84% (1) 2,266,362$ Corporate Note 30% 10.19% 12,576,428 $
Negotiable Certificates of Deposit 30% 0.73% 900,000 $
Asset-Backed Security / Collaterized Mortgage 20% 4.26% 5,254,992 $ LAIF (Local Agency Investment Funds) $150 Million 57.53% (2) 70,976,822$ TOTAL 100.00% 123,371 ,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 MARCH 31, 2024

Local Agency Investment Fund

March 4.232
February 4.122
January 4.012
December 3.929
November 3.843
October 3.670
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

54.92%
Agencies

25.05%
Certificates of
Deposit/Bank Notes

10.04%
Time
Deposits

3.02%
Commercial
Paper

6.38%
Corporate
Bonds

0.39%
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 4/3/24
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/23
Chart does not include $2,059,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
2/29/24
$164.3 billion

Yield Purchase Date Maturity Rate

4.232% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 72,976,822$ (2,000,000) $ 70,976,822 $ 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 MARCH 31, 2024
CAMP
Investment Portfolio

For the Month Ending March 31, 2024Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
44,627.69
2,292,165.03
(2,115,390.15)

0.00 $221,402.57
CAMP Pool
Unsettled Trades 0.00
651.71 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
51,662,597.25
2,110,551.86
(2,204,193.91)
99,403.81
$51,668,359.01
CAMP Managed Account
Unsettled Trades 0.00
79,067.36 Cash Dividends and Income
March 31, 2024 February 29, 2024
Asset Summary
CAMP Pool 221,402.57 44,627.69
CAMP Managed Account 51,668,359.01 51,662,597.25
$51,889,761.58 $51,707,224.94 Total
Asset Allocation

0.43%
CAMP Pool

99.57%
CAMP Managed
Account

Page 1 ends

For the Month Ending March 31, 2024Managed Account Summary Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$44,627.69
2,292,165.03
(2,115,390.15)
$221,402.57
651.71
$51,662,597.25
(152,600.08)
(2,051,593.83)
2,110,551.86

0.00 99,403.81
$51,668,359.01
$51,707,224.94
$51,889,761.58
109,080.66
(880.43)
(29,132.87)
$79,067.36
105,393.75
2,055,623.56
104,657.18
47,600.08
(2,111,432.29)
(201,842.28)

0.00 Managed Account Total
52,526,496.32 52,747,898.89
294,317.35
2,055,623.56
152,993.83
104,657.18
(2,111,432.29)
(52,661,254.75)
(271,738.41)

0.00 294,317.35
4,171,013.71
152,993.83
104,657.18
(4,403,597.32)
(52,705,882.44)
(271,738.41)
651.71
Total Accrual Basis Earnings $89,662.79 $90,314.50
Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
$0.00 Closing Cash Balance

Page 2 ends

For the Month Ending March 31, 2024Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 23,625,000.00 22,350,554.75 43.07 Municipal Bond / Note 1,535,000.00 1,479,199.05 2.85 Federal Agency Commercial
Mortgage-Backed Security
7,403,682.63 7,296,904.08 14.06
Federal Agency Bond / Note 2,275,000.00 2,132,238.90 4.11 Corporate Note 12,595,000.00 12,275,287.11 23.66
Certificate of Deposit 900,000.00 903,199.66 1.74
Asset-Backed Security 5,255,714.13 5,230,975.46 10.08 Managed Account Sub-Total 53,589,396.76 51,668,359.01 99.57% Accrued Interest 294,317.35
Total Portfolio 53,589,396.76 51,962,676.36
CAMP Pool 221,402.57 221,402.57 0.43
Total Investments 53,810,799.33 52,184,078.93 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

10.08%
ABS

1.74%
Cert of Deposit

23.66%
Corporate Note

4.11%
Fed Agy Bond /
Note

14.06%
Federal Agency
Commercial
Mortgage-Backed
Security

0.43%
Joint Powers
Authority

2.85%
Muni Bond / Note

43.07%
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

2.80% 2.40%

13.64%

36.93%

24.52%

19.71%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1070

3.70%

4.66%

Page 3 ends

For the Month Ending March 31, 2024Managed Account Issuer Summary

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

5.16%
A

3.11%
A+

4.92%
A-

3.65%
AA

62.91%
AA+

5.86%
AA-

10.11%
AAA

0.43%
AAAm

1.46%
BBB+

2.39%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
221,598.45 0.43 ABBOTT LABORATORIES
337,439.46 0.65 AIR PRODUCTS & CHEMICALS
452,574.78 0.87 AMAZON.COM INC
958,722.20 1.85 AMERICAN EXPRESS CO
733,814.18 1.41 APPLE INC
790,012.40 1.52 BANK OF AMERICA CO
446,393.13 0.86 BERKSHIRE HATHAWAY INC
775,433.23 1.49 BLACKROCK INC
229,256.51 0.44 BMW FINANCIAL SERVICES NA LLC
363,573.38 0.70 BRISTOL-MYERS SQUIBB CO
79,949.30 0.15 CALIFORNIA STATE UNIVERSITY
221,402.57 0.43 CAMP Pool
727,846.54 1.40 CAPITAL ONE FINANCIAL CORP
237,592.15 0.46 CARMAX AUTO OWNER TRUST
207,113.18 0.40 CATERPILLAR INC
99,031.00 0.19 CHAFFEY JOINT UNION HIGH SCHOOL DISTRICT 285,588.90 0.55 CHARLES SCHWAB
407,885.50 0.79 CHASE ISSURANCE
63,721.65 0.12 CINTAS CORPORATION NO. 2
422,352.84 0.81 CISCO SYSTEMS INC
776,103.00 1.50 CITIGROUP INC
377,242.88 0.73 DEERE & COMPANY
855,832.99 1.65 DISCOVER FINANCIAL SERVICES
1,474,486.97 2.84 FANNIE MAE
140,722.35 0.27 FEDERAL HOME LOAN BANKS
352,304.33 0.68 FIFTH THIRD AUTO TRUST
295,566.40 0.57 FLORIDA STATE BOARD OF ADMIN FIN CORP 128,866.95 0.25 FORD CREDIT AUTO OWNER TRUST
7,813,933.66 15.06 FREDDIE MAC
220,798.80 0.43 GENERAL DYNAMICS CORP
321,842.88 0.62 GM FINANCIAL CONSUMER AUTOMOBILE TRUST 398,030.80 0.77 GOLDMAN SACHS GROUP INC

Page 4 ends

For the Month Ending March 31, 2024Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
169,588.21 0.33 HARLEY-DAVIDSON MOTORCYCLE TRUST
24,323.98 0.05 HOME DEPOT INC
460,371.99 0.89 HONDA AUTO RECEIVABLES
53,365.64 0.10 HYUNDAI AUTO RECEIVABLES
221,373.00 0.43 IBM CORP
482,850.98 0.93 JP MORGAN CHASE & CO
59,317.44 0.11 LOCKHEED MARTIN CORP
132,452.60 0.26 LOS ANGELES COMMUNITY COLLEGE DISTRICT 727,118.25 1.40 MICROSOFT CORP
399,029.60 0.77 MORGAN STANLEY
731,342.75 1.41 NATIONAL AUSTRALIA BANK LTD
380,592.05 0.73 NATIONAL RURAL UTILITIES CO FINANCE CORP 311,987.00 0.60 NEW YORK ST URBAN DEVELOPMENT CORP
231,742.41 0.45 NISSAN AUTO RECEIVABLES
450,175.05 0.87 NORDEA BANK ABP
169,875.65 0.33 PACCAR FINANCIAL CORP
398,204.30 0.77 ROCHE HOLDINGS INC
123,202.30 0.24 SAN JUAN UNIFIED SCHOOL DISTRICT
201,900.00 0.39 STATE OF CALIFORNIA
59,490.00 0.11 STATE OF CONNECTICUT
94,499.00 0.18 STATE OF MINNESOTA
37,120.44 0.07 TARGET CORP
84,904.63 0.16 TEXAS INSTRUMENTS INC
648,861.56 1.25 THE BANK OF NEW YORK MELLON CORPORATION 453,024.61 0.87 TORONTO-DOMINION BANK
705,773.20 1.36 TOYOTA MOTOR CORP
22,350,554.75 43.06 UNITED STATES TREASURY
207,778.50 0.40 UNITEDHEALTH GROUP INC
81,121.45 0.16 UNIVERSITY OF CALIFORNIA
220,786.88 0.43 USAA CAPITAL CORP
$51,889,761.58 Total 100.00%

Page 5 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
48,757.81 50,586.77 221.15 53,441.41 08/07/2008/05/20AaaAA+ 50,000.00 912828YY0 0.18

US TREASURY NOTES
DTD 06/30/2020 0.250% 06/30/2025
47,195.31 49,715.07 31.59 49,031.25 04/05/2104/01/21AaaAA+ 50,000.00 912828ZW3 0.72

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
182,750.00 187,454.81 209.48 179,007.81 09/06/2209/01/22AaaAA+ 200,000.00 91282CCP4 3.53

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
296,968.75 308,587.77 340.40 295,762.70 06/06/2206/02/22AaaAA+ 325,000.00 91282CCP4 2.94

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
685,312.50 715,229.17 785.54 690,468.75 08/04/2208/01/22AaaAA+ 750,000.00 91282CCP4 2.74

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
731,000.00 761,202.51 837.91 732,343.75 07/08/2207/05/22AaaAA+ 800,000.00 91282CCP4 2.84

US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
822,375.00 852,660.92 942.65 819,562.50 08/15/2208/08/22AaaAA+ 900,000.00 91282CCP4 3.04

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
234,687.50 235,776.13 1,895.60 228,144.53 11/04/2211/01/22AaaAA+ 250,000.00 912828U24 4.39

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
915,281.25 928,828.87 7,392.86 907,092.77 01/06/2301/04/23AaaAA+ 975,000.00 912828U24 3.96

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
1,971,375.00 2,002,846.16 15,923.08 1,954,066.41 12/07/2212/05/22AaaAA+ 2,100,000.00 912828U24 3.92

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
8,918,125.00 9,104,313.20 72,032.97 8,922,578.13 01/17/2301/13/23AaaAA+ 9,500,000.00 912828U24 3.72

US TREASURY NOTES
DTD 04/30/2022 2.750% 04/30/2027
1,142,812.56 1,167,610.98 13,870.88 1,155,421.88 02/03/2301/31/23AaaAA+ 1,200,000.00 91282CEN7 3.70

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
356,132.81 365,046.63 1,728.19 362,329.10 05/05/2305/01/23AaaAA+ 375,000.00 91282CFB2 3.62

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
379,875.00 379,782.96 1,843.41 373,265.62 03/06/2303/02/23AaaAA+ 400,000.00 91282CFB2 4.44

Page 6 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
569,812.50 571,864.65 2,765.11 565,640.63 07/07/2307/03/23AaaAA+ 600,000.00 91282CFB2 4.30

US TREASURY NOTES
DTD 07/31/2022 2.750% 07/31/2027
783,492.19 794,342.76 3,802.03 786,779.30 06/06/2306/02/23AaaAA+ 825,000.00 91282CFB2 3.97

US TREASURY NOTES
DTD 11/30/2022 3.875% 11/30/2027
1,156,273.44 1,170,776.57 15,301.48 1,170,501.95 01/05/2401/02/24AaaAA+ 1,175,000.00 91282CFZ9 3.98

US TREASURY NOTES
DTD 11/30/2022 3.875% 11/30/2027
1,180,875.00 1,185,397.22 15,627.05 1,184,109.38 12/05/2312/01/23AaaAA+ 1,200,000.00 91282CFZ9 4.24

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
593,062.50 602,414.87 2,086.96 602,507.81 02/06/2402/02/24AaaAA+ 600,000.00 91282CGP0 3.89

US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
1,334,390.63 1,335,550.02 4,695.65 1,335,287.11 03/06/2403/01/24AaaAA+ 1,350,000.00 91282CGP0 4.30 162,333.99 22,350,554.75 22,769,988.04 3.76 22,367,342.79 23,625,000.00 Security Type Sub-Total Municipal Bond / Note

CT ST TXBL GO BONDS
DTD 06/11/2020 1.998% 07/01/2024
59,490.00 60,000.00 299.70 60,000.00 06/11/2005/29/20Aa3AA- 60,000.00 20772KJW0 2.00

CHAFFEY UHSD, CA TXBL GO BONDS
DTD 12/05/2019 2.101% 08/01/2024
99,031.00 100,000.00 350.17 100,000.00 12/05/1911/06/19Aa1AA- 100,000.00 157411TK5 2.10

NY ST URBAN DEV CORP TXBL REV BONDS
DTD 12/23/2020 0.870% 03/15/2025
311,987.00 325,000.00 125.67 325,000.00 12/23/2012/16/20NRNR 325,000.00 650036DT0 0.87

UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
81,121.45 85,000.00 283.54 85,000.00 07/16/2007/10/20Aa2AA 85,000.00 91412HGE7 0.88

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
61,973.60 65,119.81 204.42 65,459.55 09/16/2009/03/20Aa3AA 65,000.00 341271AD6 1.11

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
81,042.40 85,146.93 267.32 85,563.55 09/16/2009/03/20Aa3AA 85,000.00 341271AD6 1.12

FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
152,550.40 160,000.00 503.20 160,000.00 09/16/2009/03/20Aa3AA 160,000.00 341271AD6 1.26

Page 7 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

MN ST TXBL GO BONDS
DTD 08/25/2020 0.630% 08/01/2025
94,499.00 100,000.00 105.00 100,000.00 08/25/2008/11/20AaaAAA 100,000.00 60412AVJ9 0.63

SAN JUAN USD, CA TXBL GO BONDS
DTD 10/29/2020 0.852% 08/01/2025
123,202.30 130,000.00 184.60 130,000.00 10/29/2010/16/20Aa2NR 130,000.00 798306WP7 0.85

LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
132,452.60 140,000.00 180.37 140,000.00 11/10/2010/30/20AaaAA+ 140,000.00 54438CYK2 0.77

CA ST UNIV TXBL REV BONDS
DTD 07/29/2021 0.862% 11/01/2025
79,949.30 85,000.00 305.29 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86

CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
201,900.00 200,000.00 807.67 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85 3,616.95 1,479,199.05 1,535,266.74 1.58 1,536,023.10 1,535,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security
FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
240,982.61 246,861.26 625.49 257,272.42 03/25/2003/19/20AaaAA+ 245,130.79 3137BGK24 1.95 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
264,859.26 267,661.13 629.06 263,613.28 04/14/2304/11/23AaaAA+ 275,000.00 3137BNGT5 4.37 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
523,543.16 533,651.65 1,215.96 526,839.84 04/12/2304/06/23AaaAA+ 550,000.00 3137BSP72 4.02 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
364,213.29 368,479.22 1,052.07 365,588.11 05/24/2305/19/23AaaAA+ 377,198.75 3137BTUM1 4.31 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
528,109.84 524,289.85 1,477.67 518,804.69 08/18/2308/16/23AaaAA+ 550,000.00 3137BXQY1 4.98

FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
527,722.34 531,881.38 1,486.38 527,033.20 06/13/2306/08/23AaaAA+ 550,000.00 3137F1G44 4.44 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
397,821.80 398,315.68 1,612.53 398,315.48 12/14/2312/06/23AaaAA+ 398,318.67 3137HBC69 4.86

Page 8 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Federal Agency Commercial Mortgage-Backed Security
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
435,604.46 438,025.04 1,743.74 438,023.50 07/27/2307/19/23AaaAA+ 438,034.42 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
551,600.91 554,702.45 2,208.71 555,493.40 07/20/2307/13/23AaaAA+ 550,000.00 3137HACX2 4.59 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
539,097.82 541,947.03 1,920.42 540,675.78 07/31/2307/18/23AaaAA+ 550,000.00 3136BQDE6 4.58 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
500,056.14 489,953.52 1,975.00 489,032.00 10/19/2310/11/23AaaAA+ 500,000.00 3137HAQ74 5.26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
797,536.43 789,353.85 3,100.00 788,165.60 09/14/2309/07/23AaaAA+ 800,000.00 3137HAMH6 4.99 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
376,815.15 363,957.47 1,515.63 363,043.88 10/31/2310/25/23AaaAA+ 375,000.00 3137HAST4 5.60 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
501,499.82 494,573.68 2,000.00 494,023.50 09/28/2309/20/23AaaAA+ 500,000.00 3137HAMS2 5.07 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
182,466.18 179,513.98 760.35 179,479.62 11/21/2311/14/23AaaAA+ 180,000.00 3137HB3D4 5.14 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
276,557.75 274,256.40 1,113.75 274,209.93 12/07/2311/28/23AaaAA+ 275,000.00 3137HB3G7 4.93 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
288,417.12 292,820.06 1,104.90 292,899.71 02/08/2402/01/24AaaAA+ 290,000.00 3137HBLV4 4.34 25,541.66 7,296,904.08 7,290,243.65 4.67 7,272,513.94 7,403,682.63 Security Type Sub-Total Federal Agency Bond / Note

FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
400,591.40 424,447.67 309.90 422,883.50 07/23/2007/21/20AaaAA+ 425,000.00 3137EAEU9 0.48

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
328,539.40 349,541.11 131.25 348,362.00 08/27/2008/25/20AaaAA+ 350,000.00 3135G05X7 0.47

FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
140,722.35 149,871.11 42.19 149,550.00 09/11/2009/10/20AaaAA+ 150,000.00 3130AK5E2 0.44

Page 9 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
655,536.00 699,376.22 58.33 697,893.00 09/25/2009/23/20AaaAA+ 700,000.00 3137EAEX3 0.44

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
606,849.75 649,252.45 1,300.00 647,673.00 11/12/2011/09/20AaaAA+ 650,000.00 3135G06G3 0.57 1,841.67 2,132,238.90 2,272,488.56 0.49 2,266,361.50 2,275,000.00 Security Type Sub-Total Corporate Note

BANK OF NY MELLON CORP NOTES
(CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024
209,276.13 209,994.87 452.08 209,775.30 04/26/2104/19/21A1A 210,000.00 06406RAS6 0.54

MORGAN STANLEY CORP NOTES
DTD 04/28/2014 3.875% 04/29/2024
399,029.60 400,368.34 6,544.44 422,916.00 07/23/1907/19/19A1A- 400,000.00 61746BDQ6 2.59

GOLDMAN SACHS GROUP INC (CALLABLE)
BONDS
DTD 07/08/2014 3.850% 07/08/2024
398,030.80 400,075.26 3,550.56 418,632.00 07/11/1907/08/19A2BBB+ 400,000.00 38141EC23 2.84

BMW US CAPITAL LLC CORPORATE NOTES
DTD 08/12/2021 0.750% 08/12/2024
69,112.61 69,999.24 71.46 69,993.70 08/12/2108/09/21A2A 70,000.00 05565EBU8 0.75

PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
169,875.65 176,572.78 481.25 182,894.25 10/29/2010/22/20A1A+ 175,000.00 69371RQ66 0.73

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
77,734.00 79,975.16 135.00 79,919.20 03/04/2203/01/22A2BBB+ 80,000.00 025816CQ0 2.29

ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
398,204.30 410,000.00 509.90 410,000.00 03/10/2203/03/22Aa2AA 410,000.00 771196BT8 2.13

HOME DEPOT INC (CALLABLE) CORPORATE
NOTE
DTD 03/28/2022 2.700% 04/15/2025
24,323.98 24,985.12 311.25 24,956.25 03/28/2203/24/22A2A 25,000.00 437076CM2 2.76

Page 10 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Corporate Note
CINTAS CORPORATION NO. 2 CORP NOTE
(CALL
DTD 05/03/2022 3.450% 05/01/2025
63,721.65 64,994.84 934.38 64,985.70 05/03/2204/26/22A3A- 65,000.00 17252MAP5 3.46

USAA CAPITAL CORP CORPORATE NOTES
DTD 05/26/2022 3.375% 05/01/2025
220,786.88 224,728.64 3,164.06 224,264.25 05/26/2205/23/22Aa1AA 225,000.00 90327QD89 3.49

GENERAL DYNAMICS CORP (CALLABLE)

CORP NO
DTD 05/11/2018 3.500% 05/15/2025
220,798.80 230,900.52 2,975.00 252,247.50 10/20/2010/16/20A3A- 225,000.00 369550BG2 0.80

JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
312,241.55 315,000.00 865.20 315,000.00 06/01/2105/24/21A1A- 315,000.00 46647PCH7 0.82

AMAZON INC CORP NOTES (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
452,574.78 474,945.39 1,245.56 474,767.25 06/05/2006/03/20A1AA 475,000.00 023135BQ8 0.81

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.500% 06/09/2025
245,273.25 250,000.00 2,722.22 250,000.00 06/09/2205/31/22Aa2AA- 250,000.00 63254ABD9 3.50

NATIONAL RURAL UTIL COOP CORPORATE
NOTES
DTD 05/04/2022 3.450% 06/15/2025
48,952.00 49,994.78 507.92 49,986.50 05/04/2204/27/22A2A- 50,000.00 63743HFE7 3.46

IBM CORP CORPORATE NOTES
DTD 07/27/2022 4.000% 07/27/2025
221,373.00 225,000.00 1,600.00 225,000.00 07/27/2207/20/22A3A- 225,000.00 459200KS9 4.00

BANK OF AMERICA CORP NOTES
DTD 07/30/2015 3.875% 08/01/2025
221,514.08 233,602.27 1,453.13 256,918.50 08/20/2008/18/20A1A- 225,000.00 06051GFS3 0.93

ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
221,598.45 233,397.45 387.50 257,845.50 09/28/2009/24/20Aa3AA- 225,000.00 002824BM1 0.86

BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025
218,758.05 225,000.00 1,099.69 225,000.00 12/06/2112/01/21A1A- 225,000.00 06051GKE8 1.53

Page 11 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

JPMORGAN CHASE & CO CORP NOTES
(CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
170,609.43 175,000.00 466.74 175,000.00 02/24/2202/16/22A1A- 175,000.00 46647PCV6 2.60

UNITEDHEALTH GROUP INC (CALLABLE)
CORPOR
DTD 05/19/2021 1.150% 05/15/2026
207,778.50 224,833.69 977.50 224,608.50 05/19/2105/17/21A2A+ 225,000.00 91324PEC2 1.19

BMW US CAPITAL LLC (CALLABLE)

CORPORATE
DTD 08/12/2021 1.250% 08/12/2026
160,143.90 174,975.13 297.74 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26

CATERPILLAR FINL SERVICE CORPORATE
NOTES
DTD 01/10/2022 1.700% 01/08/2027
207,113.18 224,368.54 881.88 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81

TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
37,120.44 39,961.86 164.67 39,932.00 01/24/2201/19/22A2A 40,000.00 87612EBM7 1.99

BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/26/2022 2.050% 01/26/2027
439,585.43 474,404.53 1,758.16 473,945.50 01/28/2201/26/22A1A 475,000.00 06406RBA4 2.10

MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
727,118.25 729,460.02 3,781.25 721,942.50 03/17/2303/14/23AaaAAA 750,000.00 594918BY9 4.36

AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
279,772.80 283,848.34 573.75 277,203.00 01/18/2301/13/23A2BBB+ 300,000.00 025816CS6 4.59

BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
446,393.13 469,733.52 485.56 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70

CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
285,588.90 288,987.91 4,950.00 284,925.00 02/22/2302/17/23A2A- 300,000.00 808513BW4 4.66

Page 12 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

NATIONAL AUSTRALIA BK/NY CORPORATE
NOTES
DTD 06/09/2022 3.905% 06/09/2027
486,069.50 491,522.33 6,074.44 488,325.00 01/18/2301/13/23Aa2AA- 500,000.00 63254ABE7 4.50

APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
733,814.18 749,762.55 1,186.18 741,062.75 01/23/2301/19/23AaaAA+ 775,000.00 037833DB3 3.94

TOYOTA MOTOR CREDIT CORP CORPORATE
NOTES
DTD 01/12/2023 4.625% 01/12/2028
372,993.00 375,985.61 3,805.99 376,282.50 02/10/2302/08/23A1A+ 375,000.00 89236TKQ7 4.55

NATIONAL RURAL UTIL COOP CORP NOTES
(CAL
DTD 02/07/2018 3.400% 02/07/2028
331,640.05 333,831.54 1,785.00 329,189.00 02/22/2302/17/23A1A- 350,000.00 637432NP6 4.76

TEXAS INSTRUMENTS INC CORP NOTE
(CALLABL
DTD 11/18/2022 4.600% 02/15/2028
84,904.63 86,660.64 499.61 87,043.40 05/18/2305/11/23Aa3A+ 85,000.00 882508BV5 4.04

BRISTOL-MYERS SQUIBB CO CORP NOTES
(CALL
DTD 07/15/2020 3.900% 02/20/2028
363,573.38 361,833.53 1,665.63 358,263.75 03/13/2303/09/23A2A 375,000.00 110122DE5 4.93

LOCKHEED MARTIN CORP NOTES
(CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
59,317.44 59,910.54 1,008.67 59,892.00 05/25/2305/23/23A2A- 60,000.00 539830BZ1 4.49

JOHN DEERE CAPITAL CORP CORPORATE
NOTES
DTD 07/14/2023 4.950% 07/14/2028
377,242.88 377,469.01 3,970.31 377,865.00 07/25/2307/21/23A1A 375,000.00 24422EXB0 4.78

CITIBANK NA CORP NOTES (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
776,103.00 746,602.44 241.79 746,280.00 10/04/2310/02/23Aa3A+ 750,000.00 17325FBB3 5.92

AIR PRODUCTS & CHEMICALS CORP NOTES
(CAL
DTD 02/08/2024 4.600% 02/08/2029
337,439.46 339,559.56 2,302.56 339,547.80 02/08/2402/06/24A2A 340,000.00 009158BH8 4.63

Page 13 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

CISCO SYSTEMS INC CORPORATE NOTES
(CALLA
DTD 02/26/2024 4.850% 02/26/2029
422,352.84 419,855.51 1,980.42 419,853.00 02/26/2402/21/24A1AA- 420,000.00 17275RBR2 4.86

BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029
50,027.95 49,910.29 110.97 49,909.50 03/14/2403/05/24Aa3AA- 50,000.00 09290DAA9 4.74

BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029
725,405.28 725,352.10 1,609.10 725,355.25 03/14/2403/06/24Aa3AA- 725,000.00 09290DAA9 4.69 69,588.52 12,275,287.11 12,503,363.85 3.39 12,576,427.60 12,595,000.00 Security Type Sub-Total Certificate of Deposit

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
453,024.61 450,000.00 11,130.00 450,000.00 10/31/2210/27/22A1A 450,000.00 89115B6K1 5.58

NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025
450,175.05 450,000.00 10,230.50 450,000.00 11/03/2211/02/22Aa3AA- 450,000.00 65558UYF3 5.53 21,360.50 903,199.66 900,000.00 5.56 900,000.00 900,000.00 Security Type Sub-Total Asset-Backed Security
HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
11,727.79 11,826.02 2.00 11,825.19 04/28/2104/20/21NRAAA 11,826.43 44933LAC7 0.38 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
93,081.99 94,704.41 13.89 94,703.37 06/23/2106/15/21AaaAAA 94,704.98 65480BAC1 0.33 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
90,008.67 91,569.83 10.58 91,563.59 06/14/2106/08/21NRAAA 91,573.46 89190GAC1 0.26 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
53,027.20 54,329.86 13.28 54,323.38 11/24/2111/16/21AaaNR 54,334.83 43815GAC3 0.89

Page 14 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
30,532.38 31,037.80 7.17 31,033.71 04/21/2104/13/21NRAAA 31,040.41 14314QAC8 0.52 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
41,637.85 42,571.40 14.00 42,566.38 11/17/2111/09/21NRAAA 42,575.89 44935FAD6 0.75 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
190,678.18 194,979.36 50.27 194,958.25 09/27/2109/20/21AaaAAA 195,000.00 254683CP8 0.58 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
48,218.90 49,657.49 14.07 49,656.86 10/21/2110/13/21AaaAAA 49,658.13 362554AC1 0.68 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
207,059.77 209,996.82 370.53 209,995.04 07/20/2207/12/22NRAAA 210,000.00 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
138,660.42 139,980.46 277.51 139,971.03 09/28/2209/20/22AaaAAA 140,000.00 65480JAC4 4.46 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
273,623.98 274,968.61 552.29 274,954.93 10/12/2210/04/22NRAAA 275,000.00 36265QAD8 4.82 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
242,771.53 244,999.91 504.16 244,999.88 01/30/2301/24/23NRAAA 245,000.00 891940AC2 4.63 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
244,125.64 244,972.52 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
169,588.21 169,986.81 381.56 169,982.88 02/23/2302/13/23AaaNR 170,000.00 41285JAD0 5.05 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
128,866.95 129,989.23 268.67 129,986.44 03/31/2303/28/23NRAAA 130,000.00 344928AD8 4.65 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
321,281.54 319,942.99 625.16 319,934.02 08/22/2308/15/23NRAAA 320,000.00 43815QAC1 5.42 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
315,819.84 319,985.11 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
169,121.34 169,967.73 361.91 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79

Page 15 ends

For the Month Ending March 31, 2024Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
187,724.45 189,985.89 411.24 189,983.15 06/14/2306/07/23NRAAA 190,000.00 02582JJZ4 4.87 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
483,720.90 489,906.98 962.58 489,887.64 05/24/2305/17/23NRAAA 490,000.00 14041NGD7 4.43 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
349,334.97 349,959.97 766.89 349,952.72 06/28/2306/21/23AaaAAA 350,000.00 254683CZ6 4.93 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
86,063.25 84,986.17 133.88 84,985.03 11/08/2311/01/23AaaNR 85,000.00 438123AC5 5.67 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
352,304.33 349,980.95 860.22 349,978.30 08/23/2308/15/23AaaAAA 350,000.00 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
407,885.50 404,898.62 928.80 404,887.73 09/15/2309/07/23NRAAA 405,000.00 161571HT4 5.17 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
413,490.95 409,983.41 953.02 409,981.67 09/19/2309/12/23NRAAA 410,000.00 02582JKD1 5.23 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
180,618.93 179,977.13 398.40 179,975.83 12/14/2312/07/23AaaNR 180,000.00 05522RDH8 4.98 10,034.06 5,230,975.46 5,255,145.48 4.42 5,254,991.53 5,255,714.13 Security Type Sub-Total 53,589,396.76 52,173,660.46 3.70 294,317.35 52,526,496.32 51,668,359.01 Managed Account Sub-Total Joint Powers Authority
CAMP Pool 221,402.57 221,402.57 0.00 221,402.57 NRAAAm 221,402.57 221,402.57 221,402.57 0.00 221,402.57 221,402.57 Liquid Sub-Total $53,810,799.33 $52,395,063.03 $294,317.35 $52,747,898.89 $51,889,761.58 3.70% $52,184,078.93
$294,317.35
Total Investments
Accrued Interest
Securities Sub-Total

Page 16 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(1,828.96)(4,683.60) 48,757.81 97.52 WELLS_F 50,000.00 912828YY0US TREASURY NOTES DTD 12/31/2019 1.750% 12/31/2024

5.17 0.75
(2,519.76)(1,835.94) 47,195.31 94.39 GOLDMAN 50,000.00 912828ZW3US TREASURY NOTES DTD 06/30/2020 0.250% 06/30/2025

4.93 1.25
(4,704.81) 3,742.19 182,750.00 91.38 BMO 200,000.00 91282CCP4US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026

4.56 2.32
(11,619.02) 1,206.05 296,968.75 91.38 MERRILL 325,000.00 91282CCP4US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026

4.56 2.32
(29,916.67)(5,156.25) 685,312.50 91.38 BMO 750,000.00 91282CCP4US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026

4.56 2.32
(30,202.51)(1,343.75) 731,000.00 91.38 HSBC 800,000.00 91282CCP4US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026

4.56 2.32
(30,285.92) 2,812.50 822,375.00 91.38 BMO 900,000.00 91282CCP4US TREASURY NOTES DTD 07/31/2021 0.625% 07/31/2026

4.56 2.32
(1,088.63) 6,542.97 234,687.50 93.88 BMO 250,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.50 2.55
(13,547.62) 8,188.48 915,281.25 93.88 BMO 975,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.50 2.55
(31,471.16) 17,308.59 1,971,375.00 93.88 HSBC 2,100,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.50 2.55
(186,188.20)(4,453.13) 8,918,125.00 93.88 JPM_CHA 9,500,000.00 912828U24US TREASURY NOTES DTD 11/15/2016 2.000% 11/15/2026

4.50 2.55
(24,798.42)(12,609.32) 1,142,812.56 95.23 BNP_PAR 1,200,000.00 91282CEN7US TREASURY NOTES DTD 04/30/2022 2.750% 04/30/2027

4.42 2.94
(8,913.82)(6,196.29) 356,132.81 94.97 MORGAN_ 375,000.00 91282CFB2US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027

4.39 3.19

92.04 6,609.38 379,875.00 94.97 BMO 400,000.00 91282CFB2US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027

4.39 3.19
(2,052.15) 4,171.87 569,812.50 94.97 CITIGRP 600,000.00 91282CFB2US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027

4.39 3.19
(10,850.57)(3,287.11) 783,492.19 94.97 HSBC 825,000.00 91282CFB2US TREASURY NOTES DTD 07/31/2022 2.750% 07/31/2027

4.39 3.19
(14,503.13)(14,228.51) 1,156,273.44 98.41 CITIGRP 1,175,000.00 91282CFZ9US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027

4.35 3.41

Page 17 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(4,522.22)(3,234.38) 1,180,875.00 98.41 HSBC 1,200,000.00 91282CFZ9US TREASURY NOTES DTD 11/30/2022 3.875% 11/30/2027

4.35 3.41
(9,352.37)(9,445.31) 593,062.50 98.84 CITIGRP 600,000.00 91282CGP0US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028

4.32 3.65
(1,159.39)(896.48) 1,334,390.63 98.84 CITIGRP 1,350,000.00 91282CGP0US TREASURY NOTES DTD 02/28/2023 4.000% 02/29/2028

4.32 3.65
(16,788.04) 4.46 (419,433.29) 22,350,554.75 23,625,000.00 Security Type Sub-Total 2.78 Municipal Bond / Note
(510.00)(510.00) 59,490.00 99.15 SIEBERT 60,000.00 20772KJW0CT ST TXBL GO BONDS DTD 06/11/2020 1.998% 07/01/2024

5.38 0.26
(969.00)(969.00) 99,031.00 99.03 RBC 100,000.00 157411TK5CHAFFEY UHSD, CA TXBL GO BONDS DTD 12/05/2019 2.101% 08/01/2024

5.02 0.34
(13,013.00)(13,013.00) 311,987.00 96.00 WELLS_F 325,000.00 650036DT0NY ST URBAN DEV CORP TXBL REV BONDS DTD 12/23/2020 0.870% 03/15/2025

5.21 0.96
(3,878.55)(3,878.55) 81,121.45 95.44 04/15/25JPM_CHA 85,000.00 91412HGE7UNIV OF CAL TXBL REV BONDS DTD 07/16/2020 0.883% 05/15/2025

5.11 1.04
(3,146.21)(3,485.95) 61,973.60 95.34 MERRILL 65,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.14 1.24
(4,104.53)(4,521.15) 81,042.40 95.34 MERRILL 85,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.14 1.24
(7,449.60)(7,449.60) 152,550.40 95.34 MERRILL 160,000.00 341271AD6FL ST BOARD OF ADMIN TXBL REV BONDS DTD 09/16/2020 1.258% 07/01/2025

5.14 1.24
(5,501.00)(5,501.00) 94,499.00 94.50 MORGAN_ 100,000.00 60412AVJ9MN ST TXBL GO BONDS DTD 08/25/2020 0.630% 08/01/2025

4.93 1.33
(6,797.70)(6,797.70) 123,202.30 94.77 KEYBANC 130,000.00 798306WP7SAN JUAN USD, CA TXBL GO BONDS DTD 10/29/2020 0.852% 08/01/2025

4.94 1.33
(7,547.40)(7,547.40) 132,452.60 94.61 MERRILL 140,000.00 54438CYK2LOS ANGELES CCD, CA TXBL GO BONDS DTD 11/10/2020 0.773% 08/01/2025

4.99 1.33
(5,050.70)(5,050.70) 79,949.30 94.06 JPM_CHA 85,000.00 13077DQD7CA ST UNIV TXBL REV BONDS DTD 07/29/2021 0.862% 11/01/2025

4.80 1.57
1,900.00 1,900.00 201,900.00 100.95 WELLS_F 200,000.00 13063D3N6CA ST MUNICIPAL BONDS DTD 03/15/2023 4.846% 03/01/2027

4.49 2.75

Page 18 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
(56,824.05) 5.00 (56,067.69) 1,479,199.05 1,535,000.00 Security Type Sub-Total 1.31 Federal Agency Commercial Mortgage-Backed Security
(5,878.65)(16,289.81) 240,982.61 98.31 CITIGRP 245,130.79 3137BGK24FHMS K043 A2 DTD 03/01/2015 3.062% 12/01/2024

5.64 0.64
(2,801.87) 1,245.98 264,859.26 96.31 BAIRD 275,000.00 3137BNGT5FHMS K054 A2 DTD 04/20/2016 2.745% 01/01/2026

4.95 1.61
(10,108.49)(3,296.68) 523,543.16 95.19 BREAN 550,000.00 3137BSP72FHMS K058 A2 DTD 11/09/2016 2.653% 08/01/2026

4.83 2.23
(4,265.93)(1,374.82) 364,213.29 96.56 CITIGRP 377,198.75 3137BTUM1FHMS K061 A2 DTD 01/30/2017 3.347% 11/01/2026

4.76 2.34
3,819.99 9,305.15 528,109.84 96.02 MORGAN_ 550,000.00 3137BXQY1FHMS K064 A2 DTD 05/15/2017 3.224% 03/01/2027

4.69 2.63
(4,159.04) 689.14 527,722.34 95.95 CITIGRP 550,000.00 3137F1G44FHLMC MULTIFAMILY STRUCTURED P DTD 07/01/2017 3.243% 04/01/2027

4.69 2.77
(493.88)(493.68) 397,821.80 99.88 JPM_CHA 398,318.67 3137HBC69FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028

4.89 3.31
(2,420.58)(2,419.04) 435,604.46 99.45 JPM_CHA 438,034.42 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028

4.92 2.89
(3,101.54)(3,892.49) 551,600.91 100.29 JPM_CHA 550,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028

4.74 3.66
(2,849.21)(1,577.96) 539,097.82 98.02 JPM_CHA 550,000.00 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028

4.71 3.81
10,102.62 11,024.14 500,056.14 100.01 BMO 500,000.00 3137HAQ74FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028

4.74 3.82
8,182.58 9,370.83 797,536.43 99.69 WELLS_F 800,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028

4.73 3.80
12,857.68 13,771.27 376,815.15 100.48 MORGAN_ 375,000.00 3137HAST4FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028

4.73 3.89
6,926.14 7,476.32 501,499.82 100.30 MERRILL 500,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028

4.72 3.85
2,952.20 2,986.56 182,466.18 101.37 JPM_CHA 180,000.00 3137HB3D4FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028

4.73 3.91
2,301.35 2,347.82 276,557.75 100.57 MERRILL 275,000.00 3137HB3G7FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028

4.72 3.95

Page 19 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Federal Agency Commercial Mortgage-Backed Security
(4,402.94)(4,482.59) 288,417.12 99.45 JPM_CHA 290,000.00 3137HBLV4FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028

4.70 4.04
24,390.14 4.79 6,660.43 7,296,904.08 7,403,682.63 Security Type Sub-Total 3.21 Federal Agency Bond / Note
(23,856.27)(22,292.10) 400,591.40 94.26 WELLS_F 425,000.00 3137EAEU9FREDDIE MAC NOTES DTD 07/23/2020 0.375% 07/21/2025

4.96 1.31
(21,001.71)(19,822.60) 328,539.40 93.87 BARCLAY 350,000.00 3135G05X7FANNIE MAE NOTES DTD 08/27/2020 0.375% 08/25/2025

4.95 1.40
(9,148.76)(8,827.65) 140,722.35 93.81 WELLS_F 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK NOTES DTD 09/11/2020 0.375% 09/04/2025

4.91 1.43
(43,840.22)(42,357.00) 655,536.00 93.65 CITIGRP 700,000.00 3137EAEX3FREDDIE MAC NOTES DTD 09/25/2020 0.375% 09/23/2025

4.87 1.48
(42,402.70)(40,823.25) 606,849.75 93.36 BARCLAY 650,000.00 3135G06G3FANNIE MAE NOTES DTD 11/12/2020 0.500% 11/07/2025

4.85 1.59
(134,122.60) 4.90 (140,249.66) 2,132,238.90 2,275,000.00 Security Type Sub-Total 1.46 Corporate Note
(718.74)(499.17) 209,276.13 99.66 JPM_CHA 210,000.00 06406RAS6BANK OF NY MELLON CORP NOTES (CALLABLE)
DTD 04/26/2021 0.500% 04/26/2024

5.28 0.07
(1,338.74)(23,886.40) 399,029.60 99.76 WELLS_FA 400,000.00 61746BDQ6MORGAN STANLEY CORP NOTES DTD 04/28/2014 3.875% 04/29/2024

6.79 0.08
(2,044.46)(20,601.20) 398,030.80 99.51 04/08/24SUSQ 400,000.00 38141EC23GOLDMAN SACHS GROUP INC (CALLABLE) BONDS
DTD 07/08/2014 3.850% 07/08/2024

5.64 0.02
(886.63)(881.09) 69,112.61 98.73 GOLDMAN 70,000.00 05565EBU8BMW US CAPITAL LLC CORPORATE NOTES DTD 08/12/2021 0.750% 08/12/2024

4.26 0.37
(6,697.13)(13,018.60) 169,875.65 97.07 MERRILL 175,000.00 69371RQ66PACCAR FINANCIAL CORP CORPORATE NOTES
DTD 02/06/2020 1.800% 02/06/2025

5.37 0.85

Page 20 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(2,241.16)(2,185.20) 77,734.00 97.17 02/01/25BARCLAY 80,000.00 025816CQ0AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.250% 03/04/2025

5.42 0.83
(11,795.70)(11,795.70) 398,204.30 97.12 02/10/25DEUTSCH 410,000.00 771196BT8ROCHE HOLDINGS INC (CALLABLE)

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

5.29 0.86
(661.14)(632.27) 24,323.98 97.30 03/15/25MORGAN_ 25,000.00 437076CM2HOME DEPOT INC (CALLABLE) CORPORATE NOTE
DTD 03/28/2022 2.700% 04/15/2025

5.40 0.94
(1,273.19)(1,264.05) 63,721.65 98.03 04/01/25KEYBANC 65,000.00 17252MAP5CINTAS CORPORATION NO. 2 CORP NOTE (CALL
DTD 05/03/2022 3.450% 05/01/2025

5.33 0.98
(3,941.76)(3,477.37) 220,786.88 98.13 MERRILL 225,000.00 90327QD89USAA CAPITAL CORP CORPORATE NOTES DTD 05/26/2022 3.375% 05/01/2025

5.17 1.06
(10,101.72)(31,448.70) 220,798.80 98.13 03/15/25JPM_CHA 225,000.00 369550BG2GENERAL DYNAMICS CORP (CALLABLE)

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

5.23 0.94
(2,758.45)(2,758.45) 312,241.55 99.12 06/01/24JPM_CHA 315,000.00 46647PCH7JPMORGAN CHASE & CO (CALLABLE) CORP NOTE
DTD 06/01/2021 0.824% 06/01/2025

1.58 0.17
(22,370.61)(22,192.47) 452,574.78 95.28 05/03/25GOLDMAN 475,000.00 023135BQ8AMAZON INC CORP NOTES (CALLABLE) DTD 06/03/2020 0.800% 06/03/2025

4.99 1.09
(4,726.75)(4,726.75) 245,273.25 98.11 CITIGRP 250,000.00 63254ABD9NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.500% 06/09/2025

5.15 1.17
(1,042.78)(1,034.50) 48,952.00 97.90 RBC 50,000.00 63743HFE7NATIONAL RURAL UTIL COOP CORPORATE NOTES
DTD 05/04/2022 3.450% 06/15/2025

5.26 1.18
(3,627.00)(3,627.00) 221,373.00 98.39 JPM_CHA 225,000.00 459200KS9IBM CORP CORPORATE NOTES DTD 07/27/2022 4.000% 07/27/2025

5.27 1.30
(12,088.19)(35,404.42) 221,514.08 98.45 MERRILL 225,000.00 06051GFS3BANK OF AMERICA CORP NOTES DTD 07/30/2015 3.875% 08/01/2025

5.08 1.31

Page 21 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(11,799.00)(36,247.05) 221,598.45 98.49 06/15/25US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES CORPORATE

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

4.96 1.19
(6,241.95)(6,241.95) 218,758.05 97.23 12/06/24MERRILL 225,000.00 06051GKE8BANK OF AMERICA CORP NOTES (CALLABLE)
DTD 12/06/2021 1.530% 12/06/2025

3.24 0.68
(4,390.57)(4,390.57) 170,609.43 97.49 02/24/25JPM_CHA 175,000.00 46647PCV6JPMORGAN CHASE & CO CORP NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026

3.98 0.89
(17,055.19)(16,830.00) 207,778.50 92.35 04/15/26CITIGRP 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) CORPOR
DTD 05/19/2021 1.150% 05/15/2026

4.99 2.01
(14,831.23)(14,803.60) 160,143.90 91.51 07/12/26MITSU 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE)

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

5.10 2.25
(17,255.36)(16,750.57) 207,113.18 92.05 JPM_CHA 225,000.00 14913R2U0CATERPILLAR FINL SERVICE CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027

4.80 2.71
(2,841.42)(2,811.56) 37,120.44 92.80 12/15/26CITIGRP 40,000.00 87612EBM7TARGET CORP CORP NOTES (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

4.73 2.64
(34,819.10)(34,360.07) 439,585.43 92.54 12/26/26DEUTSCH 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027

4.91 2.66
(2,341.77) 5,175.75 727,118.25 96.95 11/06/26GOLDMAN 750,000.00 594918BY9MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027

4.45 2.50
(4,075.54) 2,569.80 279,772.80 93.26 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO CORP NOTES (CALLABLE
DTD 03/04/2022 2.550% 03/04/2027

5.06 2.74
(23,340.39)(19,695.87) 446,393.13 93.98 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY CORP NOTES (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027

4.50 2.79

Page 22 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(3,399.01) 663.90 285,588.90 95.20 01/01/27BARCLAY 300,000.00 808513BW4CHARLES SCHWAB CORP NOTES (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

5.04 2.61
(5,452.83)(2,255.50) 486,069.50 97.21 CBAA 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY CORPORATE NOTES
DTD 06/09/2022 3.905% 06/09/2027

4.86 2.99
(15,948.37)(7,248.57) 733,814.18 94.69 06/12/27TD 775,000.00 037833DB3APPLE INC (CALLABLE) BONDS DTD 09/12/2017 2.900% 09/12/2027

4.58 3.07
(2,992.61)(3,289.50) 372,993.00 99.46 WELLS_F 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP

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

4.78 3.48
(2,191.49) 2,451.05 331,640.05 94.75 11/07/27MORGAN_ 350,000.00 637432NP6NATIONAL RURAL UTIL COOP CORP NOTES (CAL
DTD 02/07/2018 3.400% 02/07/2028

4.91 3.40
(1,756.01)(2,138.77) 84,904.63 99.89 01/15/28JPM_CHA 85,000.00 882508BV5TEXAS INSTRUMENTS INC CORP NOTE (CALLABL
DTD 11/18/2022 4.600% 02/15/2028

4.63 3.50
1,739.85 5,309.63 363,573.38 96.95 11/20/27MKTX 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO CORP NOTES (CALL
DTD 07/15/2020 3.900% 02/20/2028

4.77 3.41
(593.10)(574.56) 59,317.44 98.86 04/15/28BARCLAY 60,000.00 539830BZ1LOCKHEED MARTIN CORP NOTES (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028

4.76 3.68
(226.13)(622.12) 377,242.88 100.60 CITIGRP 375,000.00 24422EXB0JOHN DEERE CAPITAL CORP CORPORATE NOTES
DTD 07/14/2023 4.950% 07/14/2028

4.79 3.88
29,500.56 29,823.00 776,103.00 103.48 08/29/28BARCLAY 750,000.00 17325FBB3CITIBANK NA CORP NOTES (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028

4.93 3.96
(2,120.10)(2,108.34) 337,439.46 99.25 01/08/29BARCLAY 340,000.00 009158BH8AIR PRODUCTS & CHEMICALS CORP NOTES (CAL
DTD 02/08/2024 4.600% 02/08/2029

4.78 4.31
2,497.33 2,499.84 422,352.84 100.56 01/26/29CITIGRP 420,000.00 17275RBR2CISCO SYSTEMS INC CORPORATE NOTES (CALLA
DTD 02/26/2024 4.850% 02/26/2029

4.72 4.34

Page 23 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
117.66 118.45 50,027.95 100.06 02/14/29CITIGRP 50,000.00 09290DAA9BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029

4.69 4.40

53.18 50.03 725,405.28 100.06 02/14/29MERRILL 725,000.00 09290DAA9BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029

4.69 4.40
(301,140.49) 4.83 (228,076.74) 12,275,287.11 12,595,000.00 Security Type Sub-Total 2.40 Certificate of Deposit
3,024.61 3,024.61 453,024.61 100.67 TD 450,000.00 89115B6K1TORONTO DOMINION BANK NY CERT DEPOS
DTD 10/31/2022 5.600% 10/27/2025

5.06 1.53
175.05 175.05 450,175.05 100.04 WELLS_F 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK CERT DEPOS
DTD 11/03/2022 5.530% 11/03/2025

5.50 1.51
3,199.66 5.28 3,199.66 903,199.66 900,000.00 Security Type Sub-Total 1.52 Asset-Backed Security
(98.23)(97.40) 11,727.79 99.17 BARCLAY 11,826.43 44933LAC7HART 2021-A A3 DTD 04/28/2021 0.380% 09/15/2025

0.96 0.14
(1,622.42)(1,621.38) 93,081.99 98.29 MITSU 94,704.98 65480BAC1NAROT 2021-A A3 DTD 06/23/2021 0.330% 10/15/2025

1.45 0.29
(1,561.16)(1,554.92) 90,008.67 98.29 CITIGRP 91,573.46 89190GAC1TAOT 2021-B A3 DTD 06/14/2021 0.260% 11/17/2025

1.32 0.26
(1,302.66)(1,296.18) 53,027.20 97.59 MERRILL 54,334.83 43815GAC3HAROT 2021-4 A3 DTD 11/24/2021 0.880% 01/21/2026

2.24 0.50
(505.42)(501.33) 30,532.38 98.36 MERRILL 31,040.41 14314QAC8CARMX 2021-2 A3 DTD 04/21/2021 0.520% 02/17/2026

1.40 0.27
(933.55)(928.53) 41,637.85 97.80 SMBC 42,575.89 44935FAD6HART 2021-C A3 DTD 11/17/2021 0.740% 05/15/2026

1.80 0.42
(4,301.18)(4,280.07) 190,678.18 97.78 CITIGRP 195,000.00 254683CP8DCENT 2021-A1 A1 DTD 09/27/2021 0.580% 09/15/2026

1.50 0.44

Page 24 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
(1,438.59)(1,437.96) 48,218.90 97.10 JPM_CHA 49,658.13 362554AC1GMCAR 2021-4 A3 DTD 10/21/2021 0.680% 09/16/2026

1.89 0.54
(2,937.05)(2,935.27) 207,059.77 98.60 RBC 210,000.00 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.46 0.82
(1,320.04)(1,310.61) 138,660.42 99.04 WELLS_F 140,000.00 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.79 1.08
(1,344.63)(1,330.95) 273,623.98 99.50 RBC 275,000.00 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

4.98 1.01
(2,228.38)(2,228.35) 242,771.53 99.09 MERRILL 245,000.00 891940AC2TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027

4.92 1.25
(846.88)(835.92) 244,125.64 99.64 RBC 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027

5.06 1.44
(398.60)(394.67) 169,588.21 99.76 JPM_CHA 170,000.00 41285JAD0HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027

5.12 1.39
(1,122.28)(1,119.49) 128,866.95 99.13 BNP_PAR 130,000.00 344928AD8FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028

4.90 1.45
1,338.55 1,347.52 321,281.54 100.40 MERRILL 320,000.00 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028

5.30 1.69
(4,165.27)(4,161.60) 315,819.84 98.69 RBC 320,000.00 254683CY9DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028

4.67 1.82
(846.39)(840.17) 169,121.34 99.48 MERRILL 170,000.00 05522RDG0BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028

4.93 1.96
(2,261.44)(2,258.70) 187,724.45 98.80 RBC 190,000.00 02582JJZ4AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028

5.19 1.96
(6,186.08)(6,166.74) 483,720.90 98.72 RBC 490,000.00 14041NGD7COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028

4.76 1.97
(625.00)(617.75) 349,334.97 99.81 MERRILL 350,000.00 254683CZ6DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028

4.98 2.04
1,077.08 1,078.22 86,063.25 101.25 JPM_CHA 85,000.00 438123AC5HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028

5.34 1.94
2,323.38 2,326.03 352,304.33 100.66 JPM_CHA 350,000.00 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028

5.36 1.78
2,986.88 2,997.77 407,885.50 100.71 JPM_CHA 405,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028

4.98 2.25

Page 25 ends

For the Month Ending March 31, 2024Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
3,507.54 3,509.28 413,490.95 100.85 CITIGRP 410,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028

5.02 2.25
641.80 643.10 180,618.93 100.34 MERRILL 180,000.00 05522RDH8BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028

4.90 2.40
(24,016.07) 4.61 (24,170.02) 5,230,975.46 5,255,714.13 Security Type Sub-Total 1.61 53,589,396.76 51,668,359.01 (505,301.45) (858,137.31) 4.66 Managed Account Sub-Total 2.51 Joint Powers Authority

0.00 0.00 221,402.57 1.00 221,402.57 CAMP Pool 0.00 221,402.57 221,402.57 0.00 0.00 Liquid Sub-Total 0.00 Total Investments $52,184,078.93
$294,317.35
$51,889,761.58
Accrued Interest
Securities Sub-Total $53,810,799.33 ($505,301.45) ($858,137.31) 4.66% 2.51

Page 26 ends

For the Month Ending March 31, 2024Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
03/06/24 US TREASURY NOTES
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 (1,335,287.11) (880.43) (1,336,167.54) 1,350,000.00 03/01/24 03/14/24 BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 (49,909.50) 0.00 (49,909.50) 50,000.00 03/05/24 03/14/24 BLACKROCK FUNDING INC CORPORATE

NOTES (C
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 (725,355.25) 0.00 (725,355.25) 725,000.00 03/06/24 (880.43) (2,111,432.29)(2,110,551.86) 2,125,000.00 Transaction Type Sub-Total

INTEREST
03/01/24 CA ST MUNICIPAL BONDS
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 0.00 4,846.00 4,846.00 200,000.00 03/01/24 03/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,745.05 1,745.05 438,361.93 03/01/24 03/25/24 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 1,104.90 1,104.90 290,000.00 03/01/24 03/25/24 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,975.00 1,975.00 500,000.00 03/01/24 03/25/24 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,054.32 1,054.32 378,006.57 03/01/24 03/25/24 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,515.63 1,515.63 375,000.00 03/01/24 03/25/24 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 760.35 760.35 180,000.00 03/01/24
03/25/24 FHMS K058 A2
DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 550,000.00 03/01/24 03/25/24 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 0.00 626.66 626.66 245,588.15 03/01/24
03/25/24 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 0.00 1,615.61 1,615.61 399,079.23 03/01/24 03/25/24 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 2,000.00 2,000.00 500,000.00 03/01/24

Page 27 ends

For the Month Ending March 31, 2024Managed Account Security Transactions & Interest

INTEREST
03/25/24 FHMS K064 A2
DTD 05/15/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,477.67 1,477.67 550,000.00 03/01/24 03/25/24 FHLMC MULTIFAMILY STRUCTURED P
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 1,486.38 1,486.38 550,000.00 03/01/24 03/25/24 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 3,100.00 3,100.00 800,000.00 03/01/24 03/25/24 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 2,208.71 2,208.71 550,000.00 03/01/24 03/25/24 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 1,113.75 1,113.75 275,000.00 03/01/24 03/25/24 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 0.00 1,920.42 1,920.42 550,000.00 03/01/24 03/25/24 FHMS K054 A2
DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 0.00 629.06 629.06 275,000.00 03/01/24
03/04/24 AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 0.00 3,825.00 3,825.00 300,000.00 03/04/24 03/04/24 AMERICAN EXPRESS CO CORP NOTES
(CALLABLE
DTD 03/04/2022 2.250% 03/04/2025
025816CQ0 0.00 900.00 900.00 80,000.00 03/04/24
03/04/24 FEDERAL HOME LOAN BANK NOTES
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 0.00 281.25 281.25 150,000.00 03/04/24
03/10/24 ROCHE HOLDINGS INC (CALLABLE)

CORPORATE
DTD 03/10/2022 2.132% 03/10/2025
771196BT8 0.00 4,370.60 4,370.60 410,000.00 03/10/24 03/12/24 APPLE INC (CALLABLE) BONDS
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 0.00 11,237.50 11,237.50 775,000.00 03/12/24 03/15/24 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,612.92 1,612.92 350,000.00 03/15/24 03/15/24 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 747.00 747.00 180,000.00 03/15/24
03/15/24 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,786.92 1,786.92 410,000.00 03/15/24

Page 28 ends

For the Month Ending March 31, 2024Managed Account Security Transactions & Interest

INTEREST
03/15/24 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 694.75 694.75 210,000.00 03/15/24
03/15/24 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 715.42 715.42 170,000.00 03/15/24
03/15/24 NY ST URBAN DEV CORP TXBL REV
BONDS
DTD 12/23/2020 0.870% 03/15/2025
650036DT0 0.00 1,413.75 1,413.75 325,000.00 03/15/24 03/15/24 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 0.00 1,804.83 1,804.83 490,000.00 03/15/24 03/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 0.00 15.25 15.25 35,191.47 03/15/24
03/15/24 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 0.00 29.36 29.36 106,746.12 03/15/24
03/15/24 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 0.00 771.08 771.08 190,000.00 03/15/24
03/15/24 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 945.29 945.29 245,000.00 03/15/24
03/15/24 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 520.33 520.33 140,000.00 03/15/24
03/15/24 ABBOTT LABORATORIES CORPORATE

NOTES (CAL
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 0.00 4,359.38 4,359.38 225,000.00 03/15/24 03/15/24 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 0.00 1,437.92 1,437.92 350,000.00 03/15/24 03/15/24 BERKSHIRE HATHAWAY CORP NOTES
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 0.00 5,462.50 5,462.50 475,000.00 03/15/24 03/15/24 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 0.00 4.75 4.75 15,014.45 03/15/24
03/15/24 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,741.50 1,741.50 405,000.00 03/15/24 03/15/24 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 0.00 94.25 94.25 195,000.00 03/15/24

Page 29 ends

For the Month Ending March 31, 2024Managed Account Security Transactions & Interest

INTEREST
03/15/24 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 503.75 503.75 130,000.00 03/15/24
03/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 0.00 28.79 28.79 46,680.68 03/15/24
03/15/24 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,010.63 1,010.63 245,000.00 03/15/24 03/15/24 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 0.00 22.64 22.64 104,512.88 03/15/24
03/15/24 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 0.00 678.58 678.58 170,000.00 03/15/24
03/15/24 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 1,149.33 1,149.33 320,000.00 03/15/24 03/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 0.00 30.33 30.33 53,528.62 03/16/24
03/16/24 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 1,104.58 1,104.58 275,000.00 03/16/24 03/18/24 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 1,442.67 1,442.67 320,000.00 03/18/24 03/21/24 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 401.63 401.63 85,000.00 03/21/24
03/21/24 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 0.00 43.48 43.48 59,286.74 03/21/24
03/23/24 FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 0.00 1,312.50 1,312.50 700,000.00 03/23/24 03/29/24 CITIBANK NA CORP NOTES (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 0.00 21,761.25 21,761.25 750,000.00 03/29/24 104,657.18 104,657.18 0.00 17,096,996.84 Transaction Type Sub-Total

MATURITY
03/18/24 CHARLES SCHWAB CORP NOTES
(CALLABLE)
DTD 03/18/2021 0.750% 03/18/2024
808513BN4 105,000.00 393.75 105,393.75 52.50 0.00 105,000.00 03/18/24 393.75 0.00 52.50 105,393.75 105,000.00 105,000.00 Transaction Type Sub-Total

Page 30 ends

For the Month Ending March 31, 2024Managed Account Security Transactions & Interest

PAYDOWNS
03/25/24 FHMS K061 A2
DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 807.82 0.00 807.82 24.87 0.00 807.82 03/01/24 03/25/24 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 327.51 0.00 327.51 0.01 0.00 327.51 03/01/24 03/25/24 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 760.56 0.00 760.56 0.01 0.00 760.56 03/01/24 03/25/24 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 457.36 0.00 457.36 (22.65) 0.00 457.36 03/01/24 03/15/24 NAROT 2021-A A3
DTD 06/23/2021 0.330% 10/15/2025
65480BAC1 12,041.14 0.00 12,041.14 0.21 0.00 12,041.14 03/15/24 03/15/24 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 4,151.06 0.00 4,151.06 0.90 0.00 4,151.06 03/15/24 03/15/24 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 3,188.02 0.00 3,188.02 0.34 0.00 3,188.02 03/15/24 03/15/24 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 4,104.79 0.00 4,104.79 0.92 0.00 4,104.79 03/15/24 03/15/24 TAOT 2021-B A3
DTD 06/14/2021 0.260% 11/17/2025
89190GAC1 12,939.42 0.00 12,939.42 1.39 0.00 12,939.42 03/15/24 03/16/24 GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
362554AC1 3,870.49 0.00 3,870.49 0.10 0.00 3,870.49 03/16/24 03/21/24 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3 4,951.91 0.00 4,951.91 1.04 0.00 4,951.91 03/21/24

0.00 0.00 7.14 47,600.08 47,600.08 47,600.08 Transaction Type Sub-Total SELL
03/06/24 US TREASURY NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 438,985.35 1,242.96 440,228.31 (24,436.52) (30,243.96) FIFO 475,000.00 03/01/24 03/06/24 AMERICAN HONDA FINANCE CORP
NOTE
DTD 06/27/2019 2.400% 06/27/2024
02665WCZ2 395,816.00 1,840.00 397,656.00 (2,200.00) (4,060.07) FIFO 400,000.00 03/01/24 03/06/24 US TREASURY NOTES
DTD 04/30/2021 0.750% 04/30/2026
91282CBW0 69,313.48 196.26 69,509.74 (2,144.53) (3,876.32) FIFO 75,000.00 03/01/24

Page 31 ends

For the Month Ending March 31, 2024Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
SELL
03/06/24 WALT DISNEY COMPANY/THE
(CALLABLE)
DTD 09/06/2019 1.750% 08/30/2024
254687FK7 392,604.00 155.56 392,759.56 (5,764.00) (7,237.28) FIFO 400,000.00 03/01/24 03/13/24 US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 228,750.00 180.29 228,930.29 2,500.00 (7,902.13) FIFO 250,000.00 03/06/24 03/13/24 US TREASURY NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 526,125.00 414.66 526,539.66 2,852.54 (19,189.67) FIFO 575,000.00 03/06/24 4,029.73 (72,509.43)(29,192.51) 2,055,623.56 2,051,593.83 2,175,000.00 Transaction Type Sub-Total 93,642.05 108,200.23 201,842.28 (29,132.87) (72,509.43)Managed Account Sub-Total Total Security Transactions ($29,132.87)$201,842.28 $108,200.23 $93,642.05 ($72,509.43)

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For the Month Ending March 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
44,627.69 Opening Balance
03/01/24 03/01/24 Purchase - Interest 13063D3N6 1.00 4,846.00 49,473.69 03/04/24 03/04/24 Purchase - Interest 025816CQ0 1.00 900.00 50,373.69 03/04/24 03/04/24 Purchase - Interest 025816CS6 1.00 3,825.00 54,198.69 03/04/24 03/04/24 Purchase - Interest 3130AK5E2 1.00 281.25 54,479.94 03/06/24 03/06/24 Purchase - Principal 02665WCZ2 1.00 395,816.00 450,295.94 03/06/24 03/06/24 Purchase - Interest 02665WCZ2 1.00 1,840.00 452,135.94 03/06/24 03/06/24 Purchase - Principal 254687FK7 1.00 392,604.00 844,739.94 03/06/24 03/06/24 Purchase - Interest 254687FK7 1.00 155.56 844,895.50 03/06/24 03/06/24 Purchase - Principal 91282CBW0 1.00 508,298.83 1,353,194.33 03/06/24 03/06/24 Purchase - Interest 91282CBW0 1.00 1,439.22 1,354,633.55 03/06/24 03/06/24 Redemption - Interest 91282CGP0 1.00 (880.43) 1,353,753.12 03/06/24 03/06/24 Redemption - Principal 91282CGP0 1.00 (1,335,287.11) 18,466.01 03/11/24 03/11/24 Purchase - Interest 771196BT8 1.00 4,370.60 22,836.61 03/12/24 03/12/24 Purchase - Interest 037833DB3 1.00 11,237.50 34,074.11 03/13/24 03/13/24 Purchase - Principal 91282CCP4 1.00 754,875.00 788,949.11 03/13/24 03/13/24 Purchase - Interest 91282CCP4 1.00 594.95 789,544.06 03/14/24 03/14/24 Redemption - Principal 09290DAA9 1.00 (725,355.25) 64,188.81 03/14/24 03/14/24 Redemption - Principal 09290DAA9 1.00 (49,909.50) 14,279.31 03/15/24 03/15/24 Purchase - Interest 002824BM1 1.00 4,359.38 18,638.69 03/15/24 03/15/24 Purchase - Interest 084664CZ2 1.00 5,462.50 24,101.19 03/15/24 03/15/24 Purchase - Interest 650036DT0 1.00 1,413.75 25,514.94

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For the Month Ending March 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
03/15/24 03/15/24 Purchase - Interest 891940AC2 1.00 945.29 26,460.23 03/15/24 03/15/24 Purchase - Interest 89190GAC1 1.00 22.64 26,482.87 03/15/24 03/15/24 Purchase - Interest 65480JAC4 1.00 520.33 27,003.20 03/15/24 03/15/24 Purchase - Interest 65480BAC1 1.00 29.36 27,032.56 03/15/24 03/15/24 Purchase - Interest 44935FAD6 1.00 28.79 27,061.35 03/15/24 03/15/24 Purchase - Interest 44933LAC7 1.00 4.75 27,066.10 03/15/24 03/15/24 Purchase - Interest 41285JAD0 1.00 715.42 27,781.52 03/15/24 03/15/24 Purchase - Interest 344928AD8 1.00 503.75 28,285.27 03/15/24 03/15/24 Purchase - Interest 31680EAD3 1.00 1,612.92 29,898.19 03/15/24 03/15/24 Purchase - Interest 254683CZ6 1.00 1,437.92 31,336.11 03/15/24 03/15/24 Purchase - Interest 254683CY9 1.00 1,149.33 32,485.44 03/15/24 03/15/24 Purchase - Interest 254683CP8 1.00 94.25 32,579.69 03/15/24 03/15/24 Purchase - Interest 161571HT4 1.00 1,741.50 34,321.19 03/15/24 03/15/24 Purchase - Interest 14318MAD1 1.00 694.75 35,015.94 03/15/24 03/15/24 Purchase - Interest 14314QAC8 1.00 15.25 35,031.19 03/15/24 03/15/24 Purchase - Interest 14041NGD7 1.00 1,804.83 36,836.02 03/15/24 03/15/24 Purchase - Interest 14041NGB1 1.00 1,010.63 37,846.65 03/15/24 03/15/24 Purchase - Interest 05522RDH8 1.00 747.00 38,593.65 03/15/24 03/15/24 Purchase - Interest 05522RDG0 1.00 678.58 39,272.23 03/15/24 03/15/24 Purchase - Interest 02582JKD1 1.00 1,786.92 41,059.15 03/15/24 03/15/24 Purchase - Interest 02582JJZ4 1.00 771.08 41,830.23 03/15/24 03/15/24 Purchase - Principal 14314QAC8 1.00 4,151.06 45,981.29

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For the Month Ending March 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
03/15/24 03/15/24 Purchase - Principal 44935FAD6 1.00 4,104.79 50,086.08 03/15/24 03/15/24 Purchase - Principal 44933LAC7 1.00 3,188.02 53,274.10 03/15/24 03/15/24 Purchase - Principal 89190GAC1 1.00 12,939.42 66,213.52 03/15/24 03/15/24 Purchase - Principal 65480BAC1 1.00 12,041.14 78,254.66 03/18/24 03/18/24 Purchase - Interest 362554AC1 1.00 30.33 78,284.99 03/18/24 03/18/24 Purchase - Interest 36265QAD8 1.00 1,104.58 79,389.57 03/18/24 03/18/24 Purchase - Interest 43815QAC1 1.00 1,442.67 80,832.24 03/18/24 03/18/24 Purchase - Principal 808513BN4 1.00 105,393.75 186,225.99 03/18/24 03/18/24 Purchase - Principal 362554AC1 1.00 3,870.49 190,096.48 03/21/24 03/21/24 Purchase - Interest 438123AC5 1.00 401.63 190,498.11 03/21/24 03/21/24 Purchase - Interest 43815GAC3 1.00 43.48 190,541.59 03/21/24 03/21/24 Purchase - Principal 43815GAC3 1.00 4,951.91 195,493.50 03/25/24 03/25/24 Purchase - Interest 3137EAEX3 1.00 1,312.50 196,806.00 03/25/24 03/25/24 Purchase - Interest 3136BQDE6 1.00 1,920.42 198,726.42 03/25/24 03/25/24 Purchase - Interest 3137BGK24 1.00 626.66 199,353.08 03/25/24 03/25/24 Purchase - Interest 3137BNGT5 1.00 629.06 199,982.14 03/25/24 03/25/24 Purchase - Interest 3137BSP72 1.00 1,215.96 201,198.10 03/25/24 03/25/24 Purchase - Interest 3137BTUM1 1.00 1,054.32 202,252.42 03/25/24 03/25/24 Purchase - Interest 3137BXQY1 1.00 1,477.67 203,730.09 03/25/24 03/25/24 Purchase - Interest 3137F1G44 1.00 1,486.38 205,216.47 03/25/24 03/25/24 Purchase - Interest 3137HACX2 1.00 2,208.71 207,425.18 03/25/24 03/25/24 Purchase - Interest 3137HAD45 1.00 1,745.05 209,170.23

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For the Month Ending March 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
03/25/24 03/25/24 Purchase - Interest 3137HAMH6 1.00 3,100.00 212,270.23 03/25/24 03/25/24 Purchase - Interest 3137HAMS2 1.00 2,000.00 214,270.23 03/25/24 03/25/24 Purchase - Interest 3137HAQ74 1.00 1,975.00 216,245.23 03/25/24 03/25/24 Purchase - Interest 3137HAST4 1.00 1,515.63 217,760.86 03/25/24 03/25/24 Purchase - Interest 3137HB3D4 1.00 760.35 218,521.21 03/25/24 03/25/24 Purchase - Interest 3137HB3G7 1.00 1,113.75 219,634.96 03/25/24 03/25/24 Purchase - Interest 3137HBC69 1.00 1,615.61 221,250.57 03/25/24 03/25/24 Purchase - Interest 3137HBLV4 1.00 1,104.90 222,355.47 03/25/24 03/25/24 Purchase - Principal 3137HBC69 1.00 760.56 223,116.03 03/25/24 03/25/24 Purchase - Principal 3137HAD45 1.00 327.51 223,443.54 03/25/24 03/25/24 Purchase - Principal 3137BTUM1 1.00 807.82 224,251.36 03/25/24 03/25/24 Purchase - Principal 3137BGK24 1.00 457.36 224,708.72 03/26/24 03/26/24 IP Fees February 2024 1.00 (3,743.17) 220,965.55 03/26/24 03/26/24 U.S. Bank Fees January 2024 1.00 (214.69) 220,750.86 03/28/24 04/01/24 Accrual Income Div Reinvestment - Distributions 1.00 651.71 221,402.57

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For the Month Ending March 31, 2024Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate 221,402.57
221,402.57
221,402.57
140,299.78
1,666.05

0.00 (4,964,360.07)
5,068,989.68
116,772.96
651.71
221,402.57

0.00 (2,115,390.15)
2,292,165.03
44,627.69
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
March January-March

5.48%

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18)
Planning Application No. 2023-29 (Tentative Parcel Map No. 38753) – a Request to Subdivide a 1.26-acre Parcel into Two (2) Parcels that are 0.79 Acres and 0.47 Acres in Size Located on the Northerly Side of Lakeshore Drive and Westerly of Riverside Drive

1. Find

that

the

proposed

project

exempt

from

the

California

Environmental

Quality

Act
(CEQA) pursuant to CEQA Guidelines Section 15315 (Minor Land Divisions);

2. Adopt

RESOLUTION

THE

CITY

COUNCIL

THE

CITY

LAKE

ELSINORE,

CALIFORNIA,

FINDING

THAT

PLANNING

APPLICATION

NO.

2023-29

(TENTATIVE
PARCEL

MAP

NO.

38753)

CONSISTENT

WITH

THE

WESTERN

RIVERSIDE
COUNTY MULTIPLE SPECIES HABITAT CONSERVATION PLAN (MSHCP); and

3. Adopt

RESOLUTION

THE

CITY

COUNCIL

THE

CITY

LAKE

ELSINORE,

CALIFORNIA,

APPROVING

TENTATIVE

PARCEL

MAP

NO.

38753

SUBDIVIDE

1.26-ACRE

PARCEL

INTO

TWO

(2)

PARCELS

THAT

ARE

0.79 ACRES

AND

0.47 ACRES, RESPECTIVELY LOCATED AT APN: 378-290-015.

Page 1 of 4 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Damaris Abraham, Community Development Director Date:April 23, 2024
Subject:Planning Application No. 2023-29 (Tentative Parcel Map No. 38753) – a Request to Subdivide a 1.26-acre Parcel into Two (2) Parcels that are 0.79 Acres and 0.47 Acres in Size Located on the Northerly Side of Lakeshore Drive and Westerly of Riverside Drive
Applicant:Raffaele Suprano, Compass Land Advisors
Recommendation

1. Find that the proposed project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15315 (Minor Land Divisions);

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, FINDING THAT PLANNING APPLICATION NO. 2023-29 (TENTATIVE PARCEL MAP NO. 38753) IS CONSISTENT WITH THE WESTERN RIVERSIDE COUNTY MULTIPLE SPECIES HABITAT CONSERVATION PLAN (MSHCP); and

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING TENTATIVE PARCEL MAP NO. 38753 TO SUBDIVIDE A 1.26- ACRE PARCEL INTO TWO (2) PARCELS THAT ARE 0.79 ACRES AND 0.47 ACRES, RESPECTIVELY LOCATED AT APN: 378-290-015.

Planning Commission Action
On March 19, 2024, the Planning Commission conducted a duly noticed Public Hearing and recommended approval of the project to the City Council with a 5-0 vote. No members of the public attended the hearing.

Project Location
The project consists of a 1.26-acre parcel and is located within an existing Stater Brothers Shopping Center on the northerly side of Lakeshore Drive and westerly of Riverside Drive (APN:
(PA 2023-29 - TPM 38753)

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378-290-015). The parcel is partially developed with a multi-tenant retail building and a parking lot and contains a previously graded undeveloped pad site.

Project Description
Tentative Parcel Map No. 38753 is a subdivision of a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres, respectively.

Environmental Setting

EXISTING

LAND USE GENERAL PLAN ZONING
Project Site Retail Center General Commercial (GC) Neighborhood Commercial (C-1) North Retail and
Residential
General Commercial (GC) &
Low Density Residential (LDR)
Neighborhood Commercial (C-1)
& Hillside Residential (R-H)
East Retail Center General Commercial (GC) Neighborhood Commercial (C-1) West Retail Center General Commercial (GC) Neighborhood Commercial (C-1) South Residential Lakeshore Village Specific
Plan Lakeshore Village Specific Plan
Analysis
General Plan Consistency
The project has a General Plan Land Use Designation of General Commercial (GC). This designation provides for retail, services, restaurants, professional and administrative offices, hotels and motels, mixed-use projects, public and quasi-public uses, and similar and compatible uses. The Tentative Parcel Map is a subdivision of a 1.26-acre parcel into two (2) parcels that are

0.79 acres and 0.47 acres, respectively. The Tentative Parcel Map is consistent with the designated land use, development, design standards, and all other appropriate requirements contained in the General Plan.

Municipal Code Consistency
The current zoning for the subject property is Neighborhood Commercial (C-1). The Tentative Parcel Map is a subdivision of a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres, respectively. Section 17.120.040 of the Lake Elsinore Municipal Code (LEMC) does not list minimum lot size requirements for a C-1 parcel. However, projects establishing and maintaining locations in the C-1 zone must show the capability to comply with the following criteria:

A. The site can support safe and efficient on-site circulation and has convenient access to surface streets with adequate capacity. The proposed subdivision allows access to surface streets via Lakeshore Drive.
(PA 2023-29 - TPM 38753)

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1 3
B. There is sufficient parcel size to ensure adequate buffering and screening where needed to protect residential developments. The proposed parcel is located within an existing shopping center and does not abut any residential developments.

C. The site is physically suitable for the proposed type and density of development and capable of permitting full compliance with the City’s development standards and practices.

The applicant has not proposed any specific physical development of the subject site. The proposed lot site physically suitable for development. The project has been conditioned to ensure that any future development will meet all the applicable The proposed subdivision complies with Chapter 16.24 (Tentative Map) of the LEMC and the Subdivision Map Act.

The Design Review Committee, which includes staff from Planning, Building & Safety, Fire Prevention, and Engineering, has reviewed the proposed project and have added recommended conditions of approval to ensure compliance with adopted plans, policies, and regulations.

Environmental Determination
Staff recommends that the City Council find project exempt from California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15315 (Minor Land Divisions). Class 15 consists of the division of property in urbanized areas zoned for residential, commercial, or industrial use into four or fewer parcels when the division is in conformance with the General Plan and zoning, no variances or exceptions are required, all services and access to the proposed parcels to local standards are available, the parcel was not involved in a division of a larger parcel within the previous 2 years, and the parcel does not have an average slope greater than 20 percent. Tentative Parcel Map No. 38753 is a subdivision of a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres, respectively. The subject site is zoned Neighborhood Commercial (C-1) and is located in a location that meets the definition of an urbanized area as set forth in Section 21071(a)(2) of the Public Resources Code. The project is consistent with the General and zoning and does not require a variance or an exception. All necessary services and access to the property is available. The parcel was not involved in a division of a larger parcel within the previous 2 years. The parcel was created in 1980 (Parcel 1 of PM 15591). The parcel is relatively flat and does not have an average slope greater than 20 percent.

MSHCP Consistency
The project is consistent with the Western Riverside County Multiple Species Habitat Conservation Plan (MSHCP). The Project site is not located in a Criteria Cell and was not required to be processed through the Lake Elsinore Acquisition Process (LEAP) and Joint Project Review (JPR) processes. The project complies with all other applicable requirements of the MSHCP. (PA 2023-29 - TPM 38753)

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Public Notice
Notice of the hearing for this application has been published in the Press-Enterprise newspaper and mailed to property owners within a 300-foot radius of the subject property. As of the writing of this report, no written comments concerning this application have been received by staff.

Fiscal Impact
The time and costs related to processing this application have been covered by application fees paid for by the applicant. No General Fund budgets have been allocated or used in the processing of this application.

Attachments
Attachment 1 – MSHCP Resolution
Attachment 2 – TPM Resolution
Attachment 3 – Conditions of Approval
Attachment 4 – GIS Exhibits
Attachment 5 – TPM 38753
Attachment 6 – Public Notice Materials
RESOLUTION NO. 2024-__

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, FINDING THAT PLANNING APPLICATION NO. 2023-29 (TENTATIVE PARCEL MAP NO. 38753) IS CONSISTENT WITH THE WESTERN

RIVERSIDE COUNTY MULTIPLE SPECIES HABITAT CONSERVATION PLAN (MSHCP)
Whereas, Raffaele Suprano, Compass Land Advisors, has filed an application with the City of Lake Elsinore (City) requesting approval of Tentative Parcel Map No. 38753 to subdivide a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres, respectively. The project is located within an existing Stater Brothers Shopping Center on the northerly side of Lakeshore Drive and westerly of Riverside Drive (APN: 378-290-015); Whereas, Section 6.0 of the Multiple Species Habitat Conservation Plan (MSHCP) requires that all discretionary projects within a MSHCP Criteria Cell undergo the Lake Elsinore Acquisition Process (LEAP) and the Joint Project Review (JPR) to analyze the scope of the proposed development and establish a building envelope that is consistent with the MSHCP criteria;
Whereas, Section 6.0 of the MSHCP further requires that the City adopt consistency findings demonstrating that the proposed discretionary entitlement complies with the MSHCP Criteria Cell, and the MSHCP goals and objectives;
Whereas, pursuant to Lake Elsinore Municipal Code (LEMC) Chapter 16.24 (Tentative Map) the Planning Commission (Commission) has been delegated with the responsibility of making recommendations to the City Council (Council) pertaining to tentative maps; Whereas, on March 19, 2024, at a duly noticed Public Hearing the Commission has considered evidence presented by the Community Development Department and other interested parties with respect to this item, and by a resolution recommended that the Council adopt Findings of Consistency with the MSHCP; and
Whereas, on April 23, 2024, at a duly noticed Public Hearing the Council has considered the recommendation of the Commission as well as evidence presented by the Community Development Department and other interested parties with respect to this item.

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

Section 1: The forgoing recitals are true and correct and are hereby incorporated into these findings by this reference.

Section 2: The Council has considered the project and its consistency with the MSHCP and the recommendation of the Commission as well as evidence presented by the Community Development Department prior to adopting Findings of Consistency with the MSHCP.

Section 3: That in accordance with the MSHCP, the Council makes the following findings for MSHCP consistency:

1. The Project is a project under the City’s MSHCP Resolution, and the City must make an CC Reso. No. 2024-____

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1 MSHCP Consistency finding before approval.

Pursuant to the City’s MSHCP Resolution, the Project is required to be reviewed for MSHCP consistency, including consistency with other “Plan Wide Requirements.” The Project site lies is not located within a MSHCP Criteria Cell. Based upon the site reconnaissance survey there are no issues regarding consistency with the MSHCP’s other “Plan Wide Requirements.” The only requirements potentially applicable to the Project were the Protection of Species Associated with Riparian/Riverine Areas and Vernal Pool Guidelines (Section 6.1.2 of the MSHCP) and payment of the MSHCP Local Development Mitigation Fee (Section 4 of the MSHCP Ordinance).

2. The Project is subject to the City’s LEAP and the Western Riverside County Regional Conservation Authority’s (RCA) Joint Project Review processes.

As stated above, the Project is not located within a Criteria Cell, and therefore, the Project was not processed through the City’s LEAP and the RCA’s Joint Project Review process.

3. The Project is consistent with the Riparian/Riverine Areas and Vernal Pools Guidelines.

The site reconnaissance survey revealed that no riparian, riverine, vernal pool/fairy shrimp habitat or other aquatic resources exist on the site. As such, the Riparian/Riverine Areas and Vernal Pool Guidelines as set forth in Section 6.1.2 of the MSHCP are not applicable.

4. The Project is consistent with the Protection of Narrow Endemic Plant Species Guidelines.

The site does not fall within any Narrow Endemic Plant Species Survey Areas. Neither a habitat assessment nor further focused surveys are required for the Project. Therefore, Protection of Narrow Endemic Plant Species Guidelines as set forth in Section 6.1.3 of the MSHCP are not applicable to the Project.

5. The Project is consistent with the Additional Survey Needs and Procedures.

The MSHCP only requires additional surveys for certain species if the Project is located in Criteria Area Species Survey Areas, Amphibian Species Survey Areas, Burrowing Owl Survey Areas, and Mammal Species Survey Areas of the MSHCP. The Project site is not located within any of the Critical Species Survey Areas. Therefore, the provisions of MSCHP Section

6.3.2 are not applicable.

6. The Project is consistent with the Urban/Wildlands Interface Guidelines.

The Project site is not within or adjacent to any MSHCP criteria or conservation areas.

Therefore, the Urban/Wildlands Interface Guidelines of MSHCP Section 6.1.4 are not applicable.

7. The Project is consistent with the Vegetation Mapping requirements.

There are no resources located on the Project site requiring mapping as set forth in MSCHP Section 6.3.1.

8. The Project is consistent with the Fuels Management Guidelines.

CC Reso. No. 2024-____

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1 The Project site is not within or adjacent to any MSHCP criteria or conservation areas.

Therefore, the Fuels Management Guidelines of MSHCP Section 6.4 are not applicable.

9. The Project will be conditioned to pay the City’s MSHCP Local Development Mitigation Fee.

As a condition of approval, the Project will be required to pay the City’s MSHCP Local Development Mitigation Fee at the time of issuance of building permits.

10. The Project is consistent with the MSHCP.

Section 4: Based upon the evidence presented, both written and testimonial, and the above findings, the Council hereby finds that the Project is consistent with the MSHCP.

Section 5: This Resolution shall take effect immediately upon its adoption.

Section 6: The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

Passed and Adopted on this 23rd day of April 2024.

Steve Manos, Mayor
Attest:
___________________________________
Candice Alvarez, MMC,
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, hereby certify that Resolution No. 2024-__ was adopted by the City Council of the City of Lake Elsinore, California, at a regular meeting held on April 23, 2024 and that the same was adopted by the following vote:

CC Reso. No. 2024-____

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1 AYES
NOES:

ABSTAIN:

ABSENT:

Candice Alvarez, MMC,
City Clerk
RESOLUTION NO. 2024-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING TENTATIVE PARCEL MAP NO. 38753 TO SUBDIVIDE A 1.26-ACRE PARCEL INTO TWO (2) PARCELS THAT ARE 0.79 ACRES AND 0.47 ACRES, RESPECTIVELY LOCATED AT APN: 378-290-015
Whereas, Raffaele Suprano, Compass Land Advisors, has filed an application with the City of Lake Elsinore (City) requesting approval of Tentative Parcel Map No. 38753 to subdivide a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres, respectively. The project is located within an existing Stater Brothers Shopping Center on the northerly side of Lakeshore Drive and westerly of Riverside Drive (APN: 378-290-015); Whereas, pursuant to Lake Elsinore Municipal Code (LEMC) Chapter 16.24 (Tentative Map) the Planning Commission (Commission) has been delegated with the responsibility of making recommendations to the City Council (Council) pertaining to the tentative map review; Whereas, on March 19, 2024, at a duly noticed Public Hearing the Commission considered evidence presented by the Community Development Department and other interested parties with respect to this item, and adopted a resolution recommending that the Council approve Tentative Parcel Map No. 38753;
Whereas, pursuant to Section 16.24.120 of the LEMC, the Council has the responsibility of making decisions to approve, conditionally approve, or disapprove recommendations of the Commission for tentative maps; and
Whereas, on April 23, 2024, at a duly noticed Public Hearing, the Council has considered the recommendation of the Commission as well as evidence presented by the Community Development Department and other interested parties with respect to this item.

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

Section 1: The forgoing recitals are true and correct and are hereby incorporated into these findings by this reference.

Section 2: The Council has reviewed and analyzed Tentative Parcel Map No. 38753 pursuant to the appropriate Planning and Zoning Laws and Chapter 16 (Subdivisions) of the LEMC and the Subdivision Map Act.

Section 3: The Council finds that the proposed project is categorically exempt from the California Environmental Quality Act (CEQA) Guidelines Section 15313 (Minor Land Divisions), Class 15 consists of the division of property in urbanized areas zoned for residential, commercial, or industrial use into four or fewer parcels when the division is in conformance with the General Plan and zoning, no variances or exceptions are required, all services and access to the proposed parcels to local standards are available, the parcel was not involved in a division of a larger parcel within the previous 2 years, and the parcel does not have an average slope greater than 20 percent. Tentative Parcel Map No. 38753 is a subdivision of a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres. The subject site is zoned Neighborhood Commercial (C-1) and is located in a location that meets the definition of an urbanized area as set forth in Section 21071(a)(2) of the Public Resources Code. The project is consistent with the General and zoning CC Reso. No. 2024-____

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0 and does not require a variance or an exception. All necessary services and access to the property is available. The parcel was not involved in a division of a larger parcel within the previous 2 years. The parcel was created in 1980 (Parcel 1 of PM 15591). The parcel is relatively flat and has no average slope of over 20 percent.

Section 4: That in accordance with State Planning and Zoning Law and the LEMC, the Council makes the following findings for approval of Tentative Parcel Map No. 38753:

1. The proposed subdivision, together with the provisions for its design and improvement, is consistent with the General Plan. The proposed subdivision is compatible with the objectives, policies, general land uses, and programs specified in the General Plan (Government Code Section 66473.5).

The Project has a General Plan Land Use Designation of General Commercial (GC). This designation provides for retail, services, restaurants, professional and administrative offices, hotels and motels, mixed-use projects, public and quasi-public uses, and similar and compatible uses. The current zoning for the subject property is Neighborhood Commercial (C- 1). The C-1 zone is compatible with the GC land use designation. The Tentative Parcel Map is a subdivision of a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres, respectively. The Tentative Parcel Map is consistent with the designated land use, development, design standards, and all other appropriate requirements in the General Plan and the Subdivision Map Act.

2. The site of the proposed subdivision of land is physically suitable for the proposed density of development in accordance with the General Plan.

The Project has a General Plan Land Use Designation of General Commercial (GC). The Tentative Parcel Map is a subdivision of a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres, respectively. The Tentative Parcel Map is consistent with the designated land use, development, and design standards and all other appropriate requirements in the General Plan and the Subdivision Map Act. Any future development for this area is required to conform to all standards outlined in the General Plan.

3. The effects that this project is likely to have upon the housing needs of the region, the public service requirements of its residents, and the available fiscal and environmental resources have been considered and balanced.

4. The design of the proposed division of land or type of improvements is not likely to cause serious public health problems.

The Tentative Parcel Map has been adequately conditioned by all applicable departments and agencies and will not result in any significant environmental impacts. The proposed subdivision, together with the conditions applicable thereto, will not be detrimental to the public health, safety, or welfare or materially injurious to properties or improvements in the vicinity.

CC Reso. No. 2024-____

Page 3 of 3 ends

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0 Section 5: Based upon all of the evidence presented, the above findings, and the conditions of approval imposed upon the Tentative Map, the Council hereby approves Tentative Parcel Map No. 38753.

Section 6: This Resolution shall take effect immediately upon its adoption.

Section 7: The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

Passed and Adopted on this 23rd day of April 2024.

Steve Manos, Mayor
Attest:
___________________________________
Candice Alvarez, MMC,
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

AYES
NOES:

ABSTAIN:

ABSENT:

Candice Alvarez, MMC,
City Clerk
Applicant’s Initials: _____ Page 1 of 13

CONDITIONS OF APPROVAL
PROJECT: PA 2023-29/TPM 2023-03
PROJECT NAME: TPM 38753
PROJECT LOCATION: APN: 377-120-065
APPROVAL DATE:

EFFECTIVE DATE:

EXPIRATION DATE:

GENERAL CONDITIONS

1.Tentative Parcel Map No. 38753 is a subdivision of a 1.26-acre parcel into two (2) parcels that are 0.79 acres and 0.47 acres, respectively. The project is located within an existing Stater Brothers Shopping Center on the northerly side of Lakeshore Drive and westerly of Riverside Drive (APN: 378-290-015).

2.The applicant shall defend (with counsel acceptable to the City), indemnify, and hold harmless the City, its Officials, Officers, Employees, Agents, and its Consultants (Indemnitees) from any claim, action, or proceeding against the Indemnitees to attack, set aside, void, or annul an approval of the City, its advisory agencies, appeal boards, or legislative body concerning approval, implementation and construction of TPM 38753, which action is bought within the time period provided for in California Government Code Sections 65009 and/or 66499.37, and Public Resources Code Section 21167, including the approval, extension or modification of TPM 38753 or any of the proceedings, acts or determinations taken, done, or made prior to the decision, or to determine the reasonableness, legality or validity of any condition attached thereto. The Applicant's indemnification is intended to include, but not be limited to, damages, fees and/or costs awarded against or incurred by Indemnitees and costs of suit, claim or litigation, including without limitation attorneys' fees, penalties and other costs, liabilities and expenses incurred by Indemnitees in connection with such proceeding. The City will promptly notify the applicant of any such claim, action, or proceeding against the City. If the project is challenged in court, the City and the applicant shall enter into formal defense and indemnity agreement, consistent with this condition

3.Within 30 days of project approval, the applicant shall sign and complete an "Acknowledgment of Conditions" and shall return the executed original to the Community Development Department for inclusion in the case records.

PLANNING DIVISION

4.Tentative Parcel Map No. 38753 will expire two years from the date of approval unless within that period of time a Final Map has been filed with the County Recorder, or an extension of time is granted by the City of Lake Elsinore City Council in accordance with the State of California Subdivision Map Act and applicable requirements of the Lake Elsinore Municipal Code (LEMC).

5.Tentative Parcel Map No. 38753 shall comply with the State of California Subdivision Map Act and applicable requirements contained in the LEMC, unless modified by approved Conditions of Approval.

6.The developer shall provide all project-related on-site and off-site improvements as required by these Conditions of Approval.

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9 7.All Conditions of Approval shall be reproduced on page one of building plans prior to their acceptance by the Building and Safety Division, Community Development Department. All Conditions of Approval shall be met prior to the issuance of a Certificate of Occupancy.

8.All future development proposals shall be reviewed by the City on a project by project basis. If determined necessary by the Community Development Director or designee, additional environmental analysis will be required.

9.If any of the conditions of approval set forth herein fail to occur, or if they are, by their terms, to be implemented and maintained over time, if any of such conditions fail to be so implemented and maintained according to their terms, the City shall have the right to revoke or modify all approvals herein granted, deny or further condition issuance of all future building permits, deny revoke, or further condition all certificates of occupancy issued under the authority of approvals herein granted; record a notice of violation on the property title; institute and prosecute litigation to compel their compliance with said conditions or seek damages for their violation.

Prior to Recordation of Final Parcel Map

10.All lots shall comply with minimum standards contained in Chapter 17.120 (C-1 Neighborhood Commercial District) of the LEMC.

11.A precise survey with closures for boundaries and all lots shall be provided per the LEMC.

12.All of the project improvements shall be designed by the applicant's Civil Engineer to the specifications of the City of Lake Elsinore.

Prior to Design Review Approval

13.All future structural development associated with this map requires separate Design Review and/or Conditional Use Permit approval pursuant to the provisions of Chapter 17.415 (Permitting Requirements) of the LEMC.

14.All commercial development within TPM 38753 shall comply with the non-residential development standards of Chapter 17.112 of the LEMC.

Prior to Issuance of Grading Permits/Building Permits

15.Prior to the issuance of a grading permit, the project applicant shall obtain all necessary State and Federal permits, approvals, or other entitlements, including obtaining the necessary authorizations from the regulatory agencies for proposed impacts to jurisdictional waters.

Authorizations may include a Section 404 Permit from the U.S. Army Corps of Engineers, a Section 1602 Streambed Alteration Agreement from the California Department of Fish and Wildlife, and a Section 401 Water Quality Certification/Waste Discharge Requirement from the Regional Water Quality Control Board.

16.Prior to the issuance of a building permit, the applicant shall pay the City’s Multiple Species Habitat Conservation Plan (MSHCP) Local Development Mitigation Fee, at the rate in effect at the time of payment.

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9 17.Prior to the issuance of a building permit, the applicant shall pay Development Impact Fees (DIF), at the rate in effect at the time of payment.

18.Prior to issuance of each building permit, a receipt or clearance letter from the Lake Elsinore School District shall be submitted to the Building and Safety Department evidencing the payment or exemption from School Mitigation Fees.

19.Provisions of the City's Noise Ordinance (LEMC Chapter 17.176) shall be satisfied during all site preparation and construction activity. The applicant shall place a weatherproof 3’ X 3’ sign at the entrance to the project site identifying the approved days and hours of construction activity. Site preparation activity and construction shall not commence before 7:00 AM and shall cease no later than 5:00 PM, Monday through Friday. Only finish work and similar interior construction may be conducted on Saturdays and may commence no earlier than 8:00 am and shall cease no later than 4:00 p.m. Construction activity shall not take place on Sunday, or any Legal Holidays. The sign shall identify the name and phone number of the development manager to address any complaints.

20.The project shall connect to water and sewer and meet all requirements of the Elsinore Valley Municipal Water District (EVMWD). The applicant shall submit water and sewer plans to the EVMWD and shall incorporate all district conditions and standards.

21.All roof mounted or ground support air conditioning units or other mechanical equipment incidental to development shall be architecturally screened or shielded by landscaping so that they are not visible from neighboring property or public streets. Any roof mounted central swamp coolers shall also be screened, and the Community Development Director, prior to issuance of building permit shall approve screening plan.

22.The property address (in numerals at least six inches high) shall be displayed near the entrance and be easily visible from the front of the subject property and public right-of-way.

23.The applicant shall construct trash enclosure(s) with a decorative roof to match the colors, materials and design of the project architecture.

24.A uniform hardscape and street furniture design including seating benches, trash receptacles, free-standing potted plants, bike racks, light bollards, etc., shall be utilized and be compatible with the architectural style. Detailed designs shall be submitted for Planning Division review and approval prior to the issuance of building permits.

25.Prior to issuance of a building permit, one (1) set of the Final Landscaping / Irrigation Detail Plans along with a digital copy (i.e. PDF format) shall be submitted to the Community Development Department with appropriate fees, for review and approval by the Community Development Director or designee.
a. All planting areas shall have permanent and automatic sprinkler system with 50% plant coverage using a drip irrigation method.
b. All planting areas shall be separated from paved areas with a six inch (6”) high and six inch (6”) wide concrete curb. Runoff shall be allowed from paved areas into landscape areas.

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9 c. Planting within fifteen feet (15’) of ingress/egress points shall be no higher than twenty- four inches (24”).
d. Landscape planters shall be planted with an appropriate parking lot shade tree pursuant to the LEMC and Landscape Design Guidelines.
e. No required tree planting bed shall be less than 5 feet wide. f. Root barriers shall be installed for all trees planted within 10 feet of hardscape areas to include sidewalks.
g. Any transformers and mechanical or electrical equipment shall be indicated on landscape plan and screened as part of the landscaping plan. h. The landscape plan shall provide for ground cover, shrubs, and trees and meet all requirements of the City’s adopted Landscape Guidelines. i. All landscape improvements shall be bonded 100% for material and labor for two years from installation sign-off by the City. Release of the landscaping bond shall be requested by the applicant at the end of the required two years with approval/acceptance reviewed by the Landscape Consultant and approved by the Community Development Director or Designee.
j. All landscaping and irrigation shall be installed within affected portion of any phase at the time a Certificate of Occupancy is requested for any building. k. Final landscape plan must be consistent with approved site plan. l. Final landscape plans to include planting and irrigation details. m. Final landscape plans shall include drought tolerant planting consistent with Elsinore Valley Municipal Water District standards subject to plan check and approval by the City’s landscape plan check consultant.
n. No turf shall be permitted.

26.Landscaping installed for the project shall be continuously maintained to the reasonable satisfaction of the Community Development Director. If it is determined that the landscaping is not being maintained, the Director of Community Development shall have the authority to require the property owner to bring the landscaping into conformance with the approved landscape plan. The continued maintenance of all landscaped areas shall be the responsibility of the developer or any successors in interest.

27.The proposed location of on-site construction trailers shall be approved by the Community Development Director or designee. A cash bond of $1,000 shall be required for any construction trailers placed on the site and used during construction. Bonds will be released after removal of trailers and restoration of the site to an acceptable state, subject to approval of the Community Development Director or designee. Such trailer(s) shall be fully on private property and outside the public right of way.

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9 ENGINEERING DEPARTMENT

GENERAL

28.All new submittals for plan check or permit shall be made using the City’s online Citizen Self-Service Portal (mill.lake-elsinore.org/EnerGov_Prod/SelfService#/home ).

29.All plans shall be prepared by a registered Civil Engineer using the City’s standard title block.

30.All required soils, geology, hydrology and hydraulic and seismic reports shall be prepared by a registered Civil Engineer or Soils Engineer as applicable.

31.All slopes and landscaping within the public right-of-way shall be maintained by the property owner, owner’s association, firms contracted by the property owner’s association, or another maintenance entity approved by the City Council.

32.All open space and slopes except for public parks and schools and flood control district facilities, outside the public right-of-way shall be owned and maintained by the property owner or property owner’s association.

33.In accordance with the City’s Franchise Agreement for waste disposal and recycling, the applicant shall be required to contract with CR&R, Inc. for removal and disposal of all waste material, debris, vegetation and other rubbish generated both during cleaning, demolition, clear and grubbing or all other phases of construction and during occupancy.

34.Applicant shall submit a detailed hydrology and hydraulic study for review for the sufficient containment and conveyance of the storm water to a safe and adequate point as approved by the City Engineer.

35.The site will accommodate all construction activity, building activity, vehicles, etc. No staging on public streets, or private property belonging to others shall be conducted without the written permission of the property owner.

36.Minimum good housekeeping and erosion and sediment control Best Management Practices (BMPs) as identified by the City shall be implemented.

FEES

37.Applicant shall pay all applicable permit application and Engineering assessed fees, including without limitation plan check and construction inspection fees, at the prevalent rate at time of payment in full.

38.Applicant shall pay all applicable Mitigation and Development Impact Fees at the prevalent rate at time of payment in full. Fees are subject to change. Mitigation and Development Impact Fees include without limitation:
Master Plan of Drainage Fee – Due prior grading permit issuance Traffic Infrastructure Fee (TIF) – Due prior to building permit issuance Transportation Uniform Mitigation Fee (TUMF) – Due prior to occupancy Stephens’ Kangaroo Rat Habitat Mitigation Fee (K-Rat) – Due prior to grading permit issuance
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9 Fair Share – calculated on a project basis if required by the Traffic Impact Analysis

PARCEL MAP / LAND DIVISION

39.After approval of the Tentative Parcel Map, applicant shall submit for plan check review and approval a Parcel Map.

40.Applicant shall dedicate right-of-way along Lakeshore Drive adjacent to the property frontage for a total right-of-way of 60 feet from centerline to the project property line.

Lakeshore Drive is classified as an Urban Arterial Highway in the City’s General Plan Circulation Element, where full width is 120 feet and curb-to-curb is 96 feet.

41.Underground water rights shall be dedicated to the City pursuant to the provisions of Section

16.52.030 in the Lake Elsinore Municipal Code (LEMC), and consistent with the City’s agreement with the Elsinore Valley Municipal Water District.

42.Monumentation shall be in accordance with LEMC Section 16.32 and the Subdivision Map Act.

43.Security and inspection fee for monumentation shall be paid and shall be inspected prior to scheduling City Council approval of the Parcel Map.

44.As applicable, Covenants, Conditions, and Restrictions (CC&Rs) shall be submitted to the City for review and approval. Recordation shall be with the Parcel Map.

45.Legal agreements and financial commitments (LLMD, CFD, etc.) for operation and maintenance be recorded prior to or concurrent with recordation of the Parcel Map.

STORM WATER MANAGEMENT / POLLUTION PREVENTION / NPDES
Design

46.The project is responsible for complying with the Santa Ana Region National Pollutant Discharge Elimination System (NPDES) Permits as warranted based on the nature of development and/or activity.

47.The latest SAR MS4 Permit requires evaluation of the site for implementation of LID Principles and LID Site Design, where feasible, to treat the pollutants of concern identified for the project (Section XXII.E.2, XII.E3, and XII.E.7).

48.A Preliminary and Final Water Quality Management Plan (WQMP) shall be prepared using the Santa Ana Region of Riverside County Guidance Document and approved template and submitted for review and approval to the City.
The Final WQMP shall be approved by the City prior to grading plan approval or issuance of any permit for construction.

49.Parking lot landscaping areas shall be designed to provide for treatment, retention or infiltration of runoff.

50.Project hardscape areas shall be designed and constructed to provide for drainage into adjacent landscape.

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9 51.Project trash enclosure shall be covered, bermed, and designed to divert drainage from adjoining paved areas and regularly maintained.

52.If CEQA identifies resources requiring Clean Water Act Section 401 Permitting, the applicant shall obtain certification through the Santa Ana Regional Water Quality Control Board and provide a copy to the Engineering Department.

53.All storm drain inlet facilities shall be appropriately marked “Only Rain in the Storm Drain” using the City authorized marker.

54.The project shall use either volume-based and/or flow-based criteria for sizing BMPs in accordance with NPDES Permit Provision XII.D.4.

55.The project site shall implement full trash capture methods/devices approved by the State Water Quality Control Board. This shall include installation of connector pipe screens on all onsite catch basins and all offsite catch basins to which the project discharges.

56.All restaurants and commercial food handling facilities must provide an area for the washing/steam cleaning of equipment and accessories. The area must be self-contained, equipped with a grease trap, and properly connected to a sanitary sewer. If the wash area is located outdoors, it must be covered, paved have secondary containment, and be connected to the sanitary sewer or other appropriately permitted disposal facility. Plan Requirements: Applicant shall incorporate these food facility requirements into project design and depict on plans, including detail plans as needed.

Construction

57.Erosion & Sediment Control – Prior to the issuance of any grading or building permit for construction or demolition, the applicant shall submit for review and approval by the City Engineer, an Erosion and Sediment Control Plan as a separate sheet of the grading plan submittal to demonstrate compliance with the City’s NPDES Program and state water quality regulations for grading and construction activities.

Post-Construction

58.Prior to the issuance of a certificate of use and/or occupancy, the applicant shall demonstrate compliance with applicable NPDES permits for construction, industrial/commercial, MS4, etc. to include:
Demonstrate that the project has compiled with all non-structural BMPs described in the project’s WQMP.
Provide signed, notarized certification from the Engineer of Work that the structural BMPs identified in the project’s WQMP are installed in conformance with approved plans and specifications and operational.
Submit a copy of the fully executed, recorded City approved Operations and Maintenance (O&M) Plan and Agreement for all structural BMPs or a copy of the recorded City approved CC&R.
The Operation and Maintenance (O&M) Plan and Agreement and/or CC&R’s shall: (1) describe the long-term operation and maintenance requirements for BMPs identified in the BMP Exhibit; (2) identify the entity that will be responsible for long-term operation and maintenance of the referenced BMPs; (3) describe the mechanism for funding the PA 2023-29/TPM 38753 PC: March 19, 2024 Conditions of Approval CC: April 23, 2024 Applicant’s Initials: _____ Page 8 of 13
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9 long-term operation and maintenance of the referenced BMPs; and (4) provide for annual certification for water quality facilities by a registered Civil Engineer. The City format shall be used.
Provide documentation of annexation into a CFD for funding facilities to be maintained by the City.
Demonstrate that copies of the project’s approved WQMP (with recorded O&M Plan or CC&R’s attached) are available for each of the initial occupants. Agree to pay for a Special Investigation from the City of Lake Elsinore for a date twelve (12) months after the issuance of a Certificate of Use and/or Occupancy for the project to verify compliance with the approved WQMP and O&M Plan. A signed/sealed certification from the Engineer of Work dated 12 months after the Certificate of Occupancy will be considered in lieu of a Special Investigation by the City. Provide the City with a digital .pdf copy of the Final WQMP.

UTILITIES

59.All arrangements for relocation of utility company facilities (power poles, vaults, etc.) out of the roadway shall be the responsibility of the applicant, property owner, and/or his agent.

Overhead utilities (34.5 kV or lower) shall be undergrounded (LEMC Section 16.64).

60.Underground water rights shall be dedicated to the City pursuant to the provisions of LEMC Section 16.52.030, and consistent with the City’s agreement with the Elsinore Valley Municipal Water District.

61.Submit a “Will Serve” letter to the City Engineering Department from the applicable water agency stating that water and sewer arrangements have been made for this project and specify the technical data for the water service at the location, such as water pressure, volume, etc. Will Serve letters shall be provided prior to issuance of grading permit.

IMPROVEMENTS

62.If existing improvements are to be modified, improvement plans shall be revised/submitted accordingly and approved by the City Engineer prior to issuance of a building permit.

63.Project is required to coordinate with Riverside Transit Authority (RTA) bus stop improvements along the property frontage. Improvements shall be constructed as warranted and determined by the City Engineer.

64.A registered Civil Engineer shall prepare the improvement and any signing and striping plans required for this project. Improvements shall be designed and constructed to City Standards and Codes (LEMC 12.04 and 16.34).

65.10-year storm runoff shall be contained within the curb and the 100-year storm runoff shall be contained within the street right-of-way. When either of these criteria are exceeded, drainage facilities shall be provided.

66.All drainage facilities in this project shall be constructed to Riverside County Flood Control District Standards.

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9 67.All natural drainage traversing the site shall be conveyed through the site, or shall be collected and conveyed by a method approved by the City Engineer. All off-site drainage, if different from historic flow, shall be conveyed to a public facility. Project is required to connect development drainage outflows to the existing catch basin along Lakeshore Drive.

68.Roof drains shall not be allowed to outlet directly through coring in the street curb. Roofs should drain to a landscaped area.

69.The site shall be planned and developed to keep surface water from entering buildings (California Green Building Standards Code 4.106.3).

70.Sight distance into and out and throughout the project location shall comply with Caltrans standards. Project shall ensure facilities are installed outside the line of sight of drivers.

71.All existing storm drain inlet facilities adjacent to the subject properties shall be retrofitted with a storm drain filter; all new storm drain inlet facilities constructed by this project shall include a storm drain filter.

72.A drainage study shall be provided. The study shall identify the following: identify storm water runoff from and upstream of the site; show existing and proposed off-site and on-site drainage facilities; and include a capacity analysis verifying the adequacy of the facilities.

The drainage system shall be designed to ensure that runoff from a 10-year storm of 6-hour and 24-hour duration under developed condition is equal or less than the runoff under existing conditions of the same storm frequency. Both 6-hour and 24-hour storm duration shall be analyzed to determine the detention basin capacities necessary to accomplish the desired results.

Permitting/Construction

73.An Encroachment Permit shall be obtained prior to any work on City right-of-way. The developer shall submit the permit application, required fees and executed agreements, security and other required documentation prior to issuance.

74.All compaction reports, grade certification, monument certification (with tie notes delineated on 8 ½ X 11” Mylar) shall be submitted to the Engineering Department before final inspection of public works improvements will be scheduled and approved.

PRIOR TO GRADING PERMIT
Design

75.A grading plan signed and stamped by a California Registered Civil Engineer shall be submitted for City review and approval for all addition and/or movement of soil (grading) on site. The plan shall include separate sheets for erosion control, haul route and traffic control.

The grading submittal shall include all supporting documentation and be prepared using City standard title block, standard drawings and design manual.

76.All grading plan contours shall extend to minimum of 50 feet beyond property lines to indicate existing drainage pattern.

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9 77.The grading plan shall show that no structures, landscaping, or equipment are located near the project entrances that could reduce sight distance.

78.If the grading plan identifies alterations in the existing drainage patterns as they exit the site, a Hydrology and Hydraulic Report for review and approval by City Engineer shall be required prior to issuance of grading permits. All grading that modifies the existing flow patterns and/or topography shall be in compliance with Federal, State and Local law and be approved by the City Engineer.

79.Applicant shall obtain all necessary off-site easements and/or permits for off-site grading and the applicant shall accept drainage from the adjacent property owners.

80.Applicant shall mitigate to prevent any flooding and/or erosion downstream caused by development of the site and/or diversion of drainage.

81.All natural drainage traversing the site (historic flow) shall be conveyed through the site in a manner consistent with the historic flow or to one or a combination of the following: to a public facility; accepted by adjacent property owners by a letter of drainage acceptance; or conveyed to a drainage easement as approved by the City Engineer.

Permitting/Construction

82.Applicant shall execute and submit grading and erosion control agreement, post grading security, and pay permit fees as a condition of grading permit issuance.

83.No grading shall be performed without first having obtained a grading permit. A grading permit does not include the construction of retaining walls or other structures for which a building permit is required.

84.A preconstruction meeting with the City Engineering Inspector (Engineering Department) is required prior to commencement of any grading activity.

85.Hauling in excess of 5,000 cubic yards shall be approved by the City Council (LEMC Section

15.72.065). Prior to commencement of grading operations, applicant shall provide to the City a map of all proposed haul routes to be used for movement of export material. All such routes shall be subject to the review and approval of the City Engineer. Haul route shall be submitted prior to issuance of a grading permit.

86.All grading shall be done under the supervision of a geotechnical engineer. Slopes steeper than 2 to 1 shall be evaluated for stability and proper erosion control and approved by the City.

87.Review and approval of the project sediment and erosion control plan shall be completed.

88.Approval of the project Final Water Quality Management Plan (WQMP) for post construction shall be received prior to issuance of a grading permit.

89.Applicant shall obtain applicable environmental clearance from the Planning Department and submit applicable clearance document to the Engineering Department. This approval shall specify that the project complies with any and all required environmental mitigation triggered by the proposed grading activity.

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9 PRIOR TO BUILDING PERMIT

90.Provide soils, geology and seismic report, including recommendations for parameters for seismic design of buildings, and walls prior to issuance of building permit.

91.All required public right-of-way dedications and easements (not dedicated on the map) shall be prepared by the developer or his agent and shall be submitted to the Engineering Department for review and approval prior to issuance of building permit.

PRIOR TO OCCUPANCY / FINAL APPROVAL

92.All public improvements shall be constructed in accordance with the approved plans or as condition of this development to the satisfaction of the City Engineer prior to issuance of first occupancy.

93.Proof of acceptance of maintenance responsibility of slopes, open spaces, landscape areas, and drainage facilities shall be provided.

94.As applicable, applicant shall provide a digital copy of the recorded Covenants, Conditions, and Restrictions (CC&Rs) to the Engineering Department.

95.As-built plans for all approved plan sets shall be submitted for review and approval by the City. Applicant is responsible for revising the original mylar plans.

96.In the event of the damage to City roads from hauling or other construction related activity, applicant shall pay full cost of restoring public roads to the baseline condition.

97.Final soil report showing compliance with recommendations, compaction reports, grade certifications, monument certification (with tie notes delineated on 8 ½ X 11” Mylar) shall be submitted in .tif format on a USB flash drive or electronically to the Engineering Department before final inspection will be scheduled.

98.Applicant shall pay all outstanding applicable processing and development fees prior to occupancy and/or final approval.

99.Applicant shall submit documentation pursuant to City’s Security Release handout. 100.Applicant shall provide AutoCAD and GIS Shape files of all Street and Storm Drain plans.

All data must be in projected coordinate system: NAD 83 State Plane California Zone VI U.S. Fleet. All parts and elements of the designed system shall be represented discretely.

Include in the attribute table basic data for each feature, such as diameter and length, as applicable, and for pipes include material (PVC, RCP, etc.) and slope.

CITY OF LAKE ELSINORE FIRE MARSHAL
101.The applicant or developer shall provide fire hydrants in accordance with the following:
102.Prior to placing any combustibles on site, provide an approved water source for firefighting purposes.

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9 103.Prior to building permit issuance, submit plans to the water district for a water system capable of delivering fire flow as required by the California Fire Code and Fire Department standards. Fire hydrants shall be spaced in accordance with the California Fire Code.

Hydrants must produce the required fire flow per the California Fire Code. 104.Fire flow shall be determined by the building of the single largest square footage. The minimum fire flow will be 1500 GPM at 20 PSI for a 2-hour duration, per the 2022 California Fire Code.
105.Prior to issuance of Building Permits, the applicant/developer shall provide the Office of the Fire Marshal with an approved site plan for Fire Lanes and signage. (CFC 501.3) 106.Each parcel shall have independent access to the circulating roadway. Shared access shall be documented and reciprocal access agreements or dedicated access shall be established.

DEPARTMENT OF ADMINISTRATIVE SERVICES
Annex into the City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services)
107.Prior to approval of a the Final Map or issuance of a Grading Permit (whichever comes first), the applicant shall submit an application to the Department of Administrative Services to initiate the annexation process into the Community Facilities District No. 2015-2 (Maintenance Services) or current Community Facilities District in place at the time of annexation to fund the on-going operation and maintenance of the public right-of-way landscaped areas and neighborhood parks to be maintained by the City and for street lights in the public right-of-way for which the City will pay for electricity and a maintenance fee to Southern California Edison, including parkways, street maintenance, open space and public storm drains constructed within the development and federal NPDES requirements to offset the annual negative fiscal impacts of the project. The annexation process shall be completed prior to issuance of the first certificate of occupancy for the project. Alternatively, the applicant may propose alternative financing mechanisms to fund the annual negative fiscal impacts of the project with respect to Maintenance Services. Applicant shall make a non- refundable deposit of $15,000 or at the current rate in place at the time of annexation toward the cost of annexation, formation or other mitigation process, as applicable.

PA 2023-29/TPM 38753 PC: March 19, 2024 Conditions of Approval CC: April 23, 2024 Applicant’s Initials: _____ Page 13 of 13
3 7
2 5
9 I hereby state that I acknowledge receipt of the approved Conditions of Approval for the above named project and do hereby agree to accept and abide by all Conditions of Approval as approved by the City Council of the City of Lake Elsinore on _________. I also acknowledge that all Conditions shall be met as indicated.

Date:

Applicant’s Signature:

Print Name:

Address:

Phone Number:

3 3 3
4 4
SCALE: 1" = 20'2040100
TENTATIVE PARCEL MAP NO. 38753
LEGAL DESCRIPTION:

BENCH MARK:BASIS OF BEARINGS:ASSESSOR'S PARCEL NO:EXISTING LAND USE:AREA SUMMARY:

VICINITY MAP
LOT 1 LOT 2
COMMERCIAL (NOT A PART)APN: 0378-029-13
COMMERCIAL (NOT A PART)APN: 0378-029-16
COMMERCIAL (NOT A PART)APN: 0378-029-16
COMMERCIAL (NOT A PART)APN: 0378-029-16
COMMERCIAL (NOT A PART)APN: 0378-029-16
UTILITY PROVIDERS:OWNER / APPLICANTENGINEER & SURVEY:

LAKESHORE DRIVE

LAKESHORE DRIVE SECTION

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA

PRIVATE ROAD
TOPOGRAPHIC SURVEY:

CITY OF LAKE ELSINORE
TENTATIVE PARCELMAP NO. 38753
GEOTECHNICAL HAZARD:

LEGEND

VICINITY MAP
SITE
FEMA DATA:
1 NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Lake Elsinore, California, will hold a Public Hearing on April 23, 2024, at the Lake Elsinore Cultural Center, 183 North Main Street, Lake Elsinore, California, 92530, at 7:00 p.m., or as soon thereafter as the matter may be heard, to consider the following related items:

Planning Application No. 2023 -29 (Tentative Parcel Map No. 38753) : A request by Raffaele Suprano, Compass Land Advisors, to subdivide a 1.26- acre parcel into two (2) parcels that are

0.79 acres and 0.47 acres, respectively. The project is located on the northerly side of Lakeshore Drive and westerly of Riverside Drive (APN: 378-290-015).

The proposed p roject is exempt from the California Environmental Quality Act (Cal. Pub. Res.

Code §§21000 et seq.: “CEQA”) and the CEQA Guidelines (14 C.C.R. §§ 15000 et seq.) pursuant to CEQA Guidelines Section 15315 Minor Land Divisions.

PLANNING COMMISSION RECOMMENDATION: On March 19, 2024, at a duly noticed Public Hearing, the Lake Elsinore Planning Commission by a 5- 0 vote recommended that the City Council approve the proposed project.

ALL INTERESTED PERSONS are hereby invited to attend this Public Hearing to present written information, express opinions, or otherwise present evidence in the above matters. If you wish to legally challenge any action taken by the City on the above matter, you may be limited to raising only those issues you or someone else at the Public Hearing described in this notice, or in written correspondence delivered to the City prior to or at the Public Hearing. If you require accommodation to participate in a Public Hearing, please contact the City Clerk’s office at (951) 674-3124 ext. 269. All Agenda materials are available for review at City Hall the Friday before the Public Hearing.

FURTHER INFORMATION on this item may be obtained by contacting Joey Mendoza, Associate Planner in the Planning Division at [email protected] or at (951) 674-3124, ext. 273.

Candice Alvarez, MMC,
City Clerk

TPM 38753 - Page 1 of 1
The Press-Enterprise
3512 14 Street
Riverside, California 92501
(951) 368-9229
City of Lake Elsinore
130 South Main Street
Lake Elsinore, California 92530
Publication: The Press-Enterprise

PROOF OF PUBLICATION OF
Ad Desc: 0011659523
FILE NO. 0011659523

PROOF OF PUBLICATION
I am a citizen of the United States. I am over the age of eighteen years and not party to or interested in the above- entitled matter. I am an authorized representative of THE PRESS-ENTERPRISE, a newspaper of general circulation,
printed and published daily in the County of Riverside, and which newspaper has been adjudicated a newspaper of
general circulation by the Superior Court of the County of Riverside, State of California, under date of April 25, 1952, Case Number 54446, under date of March 29, 1957, Case
Number 65673, under date of August 25, 1995, Case Number 267864, and under date of September 16, 2013, Case Number RIC 1309013; that the notice, of which the annexed is a printed copy, has been published in said newspaper in
accordance with the instructions of the person(s) requesting publication, and not in any supplement thereof on the following dates, to wit:
04/10/2024
I certify (or declare) under the penalty of perjury that the foregoing is true and correct.

Date: April 10, 2024.

At: Riverside, California
______________________________
Signature

19)
Resolution Denying Request for Extension of Time for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-27 (Lake and Mountain Commercial Center) and Making Findings in Support Thereof Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, DENYING REQUEST FOR EXTENSION OF TIME FOR TENTATIVE TRACT MAP NO. 37922, CONDITIONAL USE PERMIT NO. 2019-19, AND COMMERCIAL DESIGN REVIEW NO. 2019-27 (LAKE AND MOUNTAIN COMMERCIAL CENTER) AND

MAKING FINDINGS IN SUPPORT THEREOF

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:Barbara Leibold, City Attorney
Date:April 23, 2024
Subject:Resolution Denying Request for Extension of Time for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-27 (Lake and Mountain Commercial Center) and Making Findings in Support Thereof
Recommendation
Adopt resolution entitled:

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, DENYING REQUEST FOR EXTENSION OF TIME FOR TENTATIVE TRACT MAP NO. 37922, CONDITIONAL USE PERMIT NO. 2019-19, AND COMMERCIAL DESIGN REVIEW NO. 2019- 27 (LAKE AND MOUNTAIN COMMERCIAL CENTER) AND MAKING FINDINGS IN SUPPORT

THEREOF
Background
On March 12, 2024, the City Council held a public hearing to consider the request by the applicant to grant an extension of time for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-27.

A copy of the March 12, 2024 Report to City Council is attached and provides information concerning the project’s background and a discussion of the request.

Following the close of the public hearing, the City Council determined to deny the request for an extension of time for the tract map, conditional use permit, and design review.

A copy of the March 12, 2024 Meeting Minutes for this item are attached.

Discussion
PW Agreement SAS Construction

Page 2 of 2 ends

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The City Attorney’s Office has prepared a resolution and included findings for the denial consistent with the City Council’s discussion at the March 12, 2024 public hearing.

While the decision of whether or not to extend a land use entitlment is discretionary, findings in any land use decisions, whether approved or denied, are preferred in order to formally apprise the applicant and the public of the public agency’s basis for the decision. Accordingly, a resolution with findings has been prepared for consideration by the City Council.

In addition, the applicant’s legal counsel has submitted a letter requesting that the City Council reconsider the March 12, 2024 denial along with reasons in support of that request. The letter is attached.

Fiscal Impact
None.

Attachments
Attachment 1 - Resolution
Attachment 2 – March 12, 2024 Report to City Council [without exhibits] Attachment 3 – March 12, 2024 Meeting Minutes, Item 17
Attachment 4 – April 11, 2024 Letter from the Applicant’s Attorney RESOLUTION NO. 2024____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, DENYING REQUEST FOR EXTENSION OF
TIME FOR TENTATIVE TRACT MAP NO. 37922, CONDITIONAL USE PERMIT NO. 2019-19, AND COMMERCIAL DESIGN REVIEW NO. 2019- 27 (LAKE AND MOUNTAIN COMMERCIAL CENTER) AND MAKING

FINDINGS IN SUPPORT THEREOF
WHEREAS, Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-27 were approved by the City Council of the City of Lake Elsinore on January 25, 2022 for an initial two year term; and WHEREAS, Valeria Salampessy, Empire Design Group, submitted a timely request for an extension of time for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-27 on November 3, 2023; and
WHEREAS, on March 12, 2024, at a duly noticed public hearing, the City Council considered the recommendation of City staff as well as evidence presented by the Community Development Department and other interested parties with respect to this item.

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

SECTION 1. The City Council has reviewed and analyzed the proposed extension of time request for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-27 and all of the evidence presented prior to making its decision on the application to extend the time for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-

27. SECTION 2. The City Council makes the following findings in support of the denial of an extension of time for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019-19, and Commercial Design Review No. 2019-27:

1. The site design with two driveways on Lake Street creates a potentially dangerous condition due to downhill grade of Lake Street for southbound traffic which results in the general increase in the speed of vehicle as such vehicles approach the project site and also negatively impacts the sight distance available to such southbound vehicle along with vehicles exiting the project site via the driveways; and

2. Following a commitment by the project applicant at the January 25, 2022 public hearing to continue community outreach and update the City and the public on the status of the project, the project applicant nonetheless failed to conduct such CC Reso. No. 2024-

Page 2 of 2 ends

outreach, leaving both the City and the public unaware of the project status for nearly two years.

SECTION 3. Based upon the evidence presented, both written and testimonial, and the above findings, the City Council hereby affirms its denial of the request for an extension of time for Tentative Tract Map No. 37922, Conditional Use Permit No. 2019- 19, and Commercial Design Review No. 2019-27.

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

Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this __ day of __________ 2024.

Steve Manos
Mayor
Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2024-__ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of __________ __, 2024 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

Page 1 of 4 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Damaris Abraham, Assistant Community Development Director Date: March 12, 2024
Subject: 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)
Applicant: Valeria Salampessy, Empire Design Group
Recommendation

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.

Background
On January 25, 2022, the City Council certified Environmental Impact Report (ER 2020-03) (SCH No. 20200080538) and approved Tentative Tract Map No. 37922 (TTM 37922), Conditional Use Permit No. 2019-19 (CUP 2019-19), and Commercial Design Review No. 2019-27 (CDR 2019- 27).
(TTM 37922, CUP 2019-19, and CDR 2019-27 EOT)

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TTM 37922 proposes to subdivide the 6.07-acre site into six (6) lots ranging in size from 0.66 acres to 1.10 acres. The remaining 0.44-acre portion of the site will be dedicated for road right- of-way purposes.

CUP 2019-19 and CDR 2019-27 propose to establish approximately 32,695 sq. ft. of commercial and retail uses as outlined below:
• Parcel 1: will include a 3,320 sq. ft. drive-through restaurant (Drive-Thru A) with an attached 1,600 sq. ft. retail building (Retail C).
• Parcel 2: will include a 2,520 sq. ft. drive-through restaurant (Drive-Thru B) with an attached 2,400 sq. ft. retail building (Retail D).
• Parcel 3: will include a 3,150 sq. ft. express car wash. • Parcel 4: will include a 3,400 sq. ft. convenience store (C-Store) with an attached 1,525 sq. ft. quick service restaurant (QSR), a 4,089 sq. ft. fueling canopy with six (6) Multi- Product Dispensers (MPD), and three (3) stormwater bio-retention basins (WQMP). • Parcel 5: will include a 4,850 sq. ft. retail building (Retail B) and four (4) stormwater bio- retention basin (WQMP) areas.
• Parcel 6: will include a 4,850 sq. ft. retail building (Retail B).

The Project site consists of an approximately 6.07-acre undeveloped area and is located at the northwest corner of Mountain Street and Lake Street (APNs: 389-030-012, 013, 014, 015, 016, 017, and 018).

The original expiration date of TTM 37922, CUP 2019-19, and CDR 2019-27 was January 25, 2024. On November 3, 2023, the applicant submitted this two-year extension of time request, which stayed the expiration until action by the City Council. The applicant has submitted a grading plan, hydrology study, and Water Quality Management Plan (EGPC No. 2023-0013) and is currently in plan check. The applicant has stated that the time extension is necessary to allow additional time to complete the plan check process and obtain grading and building permits.

Discussion
Section 16.24.160 of the Lake Elsinore Municipal Code (LEMC) provides one or more extensions of time for tentative maps totaling a maximum of 36 months. Pursuant to the Subdivision Map Act, Government Code Section 66452.6(e), the time at which the map expires may be extended by the legislative body for a period not exceeding a total of six (6) years. The applicant will have four (4) more years of extensions available for TPM 37922 after the approval of this extension of time request.

In accordance with Sections 17.415.050.I (Lapse of Design Review Approval and Time Extensions) and 17.415.070.D (Lapse of Conditional Use Permit) of the LEMC, the expiration (TTM 37922, CUP 2019-19, and CDR 2019-27 EOT)

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date of an approved Conditional Use Permit and Commercial Design Review may be extended for no more than two (2) years. The two-year extension of time for CUP 2019-19 and CDR 2019- 27 represents the final extension of time allowed by the LEMC.

The Community Development (Building & Safety and Planning), Engineering, and the Administrative Services Departments have recommended revised Conditions of Approval consistent with section 66452.6 (e) of the Subdivision Map Act and sections 65961 (a) (1-2) and 65961 (f) of the Planning and Zoning Laws. These updated Conditions of Approval reflect the most current City requirements for development and ensure that the project complies with current laws, standards, and policies.

Environmental Determination
Pursuant to CEQA Guidelines Section 15162, staff has determined that this 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 an earlier Environmental Impact Report (EIR). All potentially significant impacts have been avoided or mitigated pursuant to the earlier mitigated negative declaration and none of the conditions described in Section 15162 exist. EIR (ER 2020-03) (SCH No. 20200080538) was adopted by the City Council on January 25, 2022. As part of the extension of time request, conditions of approval were updated to reflect the most current City requirements for development. These are standard conditions of approval and will not result in any modifications to the previously approved Project. No substantial changes which require major revisions to the mitigated negative declaration exist and no new information of substantial importance which require revisions to the earlier mitigated negative declaration exist. Therefore, no further environmental documentation is necessary.

Public Notice
Notice of the hearing for the extension of time application has been published in the Press- Enterprise newspaper and mailed to property owners within 300 feet of the subject property for each application. As of the writing of this report, no written comments concerning this application have been received by staff.

Attachments
Attachment 1 – TTM 37922 EOT Resolution
Attachment 2 – CUP 2019-19 EOT Resolution
Attachment 3 – CDR 2019-27 EOT Resolution
Attachment 4 – Conditions of Approval
Attachment 5 – GIS Exhibits
(TTM 37922, CUP 2019-19, and CDR 2019-27 EOT)

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Attachment 6 – TTM 37922
Attachment 7 – Design Review Package
Attachment 8 – Public Notice Materials
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)

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 c arried 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.

75807498;2
April 11, 2024

VIA E-MAIL AND U.S. MAIL

Mayor and Members of the Lake Elsinore City Council
Lake Elsinore City Hall
130 S Main Street
Lake Elsinore, CA 92530

Re: 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)

Dear Honorable Mayor and Members of the City Council:

This firm represents the owners (the "Applicant") of the proposed Lake and Mountain Commercial Center (the "Project"). The Project entitlements referenced above were set to expire on Jan 25, 2024. Prior to the expiration, on October 31, 2023, the Applicant timely submitted a two-year extension of time request, which was the first extension request. We are writing to request that the Council vote to reconsider its March 12, 2024 vote to deny the extension of time request referenced above for the Project and then to subsequently vote to approve the Applicant's extension request.. We request these actions for the following reasons:

 The Planning Department recommended approval of the extension request and neither the Planning Department nor the Applicant had any indication that a denial was likely; as a result, neither the Applicant nor the Planning Department was able to adequately respond to concerns that came up at the hearing.
 In denying the request, the Council failed to, and cannot, make legally adequate Code compliant statements or findings to support the denial of the extension request.  The Project's entitlements have already been approved and, despite delays, the Applicant has been diligently moving forward with all submittals necessary to construct and operate the Project with reasonable reliance on its extension request being approved; the Applicant has expended significant resources in the form of time, effort and money (approximately $4,000,000.00 so far) in furtherance of the application, which will be lost, and thus denying the extension request is unjust. This request for extension of time is not legally an Lisa Kolieb
Akerman LLP
633 West Fifth Street
Suite 6400
Los Angeles, CA 90071
D: 213 533 5947
T: 213 688 9500
F: 213 627 6342
DirF: 213 599 2666
[email protected]
akerman.com
Members of the Lake Elsinore City Council
April 11, 2024

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__________________________
75807498;2
opportunity to simply reconsider and deny the Project itself. Yet that is clearly what has occurred here.

In addition, by denying the extension request, the City Council has created a precedent of uncertainty for developers, which will lead developers to question the viability and constructability of projects within the City. Particularly given the delays faced by many developers as a result of and subsequent to the COVID-19 pandemic, many projects throughout the state are facing delays and are not able to obtain building permits within 2 years of obtaining entitlements. Denying the extension of entitlements in reasonable situations such as this is unjust and unreasonable and creates a dangerous precedent.

THE PLANNING DEPARTMENT RECOMMENDED APPROVAL OF THE EXTENSION REQUEST AND

APPLICANTS HAD THE REASONABLE EXPECTATION THAT THE EXTENSION REQUEST WOULD BE APPROVED.

As you are aware, the Planning Department recommended approval of the extension request in its staff report and drafted the necessary resolutions to approve the extension. While such extension requests are technically considered discretionary, it is extremely rare for this Council to deny such requests. Similar extension requests have been granted by the City for similar projects and in fact, we are not aware of a single project where the City has denied an extension. Accordingly, applicants have the reasonable expectation that extension requests will be granted by the City, unless circumstances have substantially changed since initial approval or if no progress has been made on the Project. According to the Lake Elsinore Municipal Code, the City Council was meant to approve the extension as long as the Project "complies with current laws, standards and policies." Here, the Applicant reasonably relied on precedent for approval of similar extension requests, since it had been diligently been processing the Project approvals with the City, and since the Project "complies with current laws, standards and policies."

Our clients were shocked at the Council's denial of their extension request. Had the Applicant or Planning Department been aware of the possibility that the Project entitlements would not be extended, they would have addressed any applicable concerns, as well as the delays that it faced, at the March 12th meeting. The Applicant had been diligently working on the Project since approval of the entitlements in 2022, expending significant sums of money in furtherance of the Project and submitting the necessary documentation to the City to obtain approval for construction of the Project. While the Applicant had experienced some delays, the Applicant had a reasonable expectation that their extension request would be approved. The Applicant has full intentions to construct and operate the Project.

Members of the Lake Elsinore City Council
April 11, 2024

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75807498;2

AT THE HEARING, THE LEGALLY REQUIRED STATEMENTS OR FINDINGS WERE NOT MADE TO

SUPPORT THE DENIAL, AND NO SUCH FACTUAL FINDINGS CAN BE MADE TO SUPPORT RESOLUTIONS OF DENIAL.

The legal standard for denial of the requests at issue here are solely whether the Project no longer complied “with current laws, standards and policies.” Any other bases of denial is wholly reflective of impermissible bias, an abuse of discretion, and results in an unfair hearing. Yet, at the hearing, neither Planning staff nor any of the Councilmembers made any statements or findings to indicate that the Project no longer complied with current laws, standards and policies as would have been required to deny the extension. Nothing has changed in the Project that would make it so that it no longer complies "with the goals and objectives of the General Plan and the Zoning District in which the Project is located." Nor did the design change since the City approved it and agreed that it "complies with the design directives contained in the General Plan and all other applicable provisions of the Municipal Code.

According to the Lake Elsinore Municipal Code, the City Council was meant to approve the extension as long as the Project "complies with current laws, standards and policies." At the hearing, neither Planning staff nor any of the Councilmembers made any statements or findings to indicate that the Project no longer complies with current laws, standards and policies as would have been required to deny the extension.

THE APPLICANT HAS BEEN DILIGENTLY WORKING WITH THE CITY AND NEIGHBORS TO OBTAIN

ALL NECESSARY APPROVALS TO CONSTRUCT AND OPERATE THE PROJECT, BUT HAS EXPERIENCED DELAYS.

By way of background, the Project site consists of an approximately 6.07-acre undeveloped area and is located at the northwest corner of Mountain Street and Lake Street (APNs: 389-030-012, 013, 014, 015, 016, 017, and 018). Before this site was purchased, a formal pre-application was submitted to the city on May 17, 2019. During this process, all city departments convened and conferred, following which they expressed their support for the Project. Additionally, they noted that the corner had remained vacant for a long time and that development was warranted in this particular corner. Upon receiving these comments, the Applicant proceeded to close escrow based on its good faith trust with the City.

A formal application was submitted in 2020, and due to COVID-related delays, the final entitlements for the Project were approved on January 25th, 2022. After the entitlements were approved, the Applicant needed to obtain quotes and bids to develop construction drawings and to bid out the Project. However, due to delays caused by the pandemic as well as significant price increases for services, equipment and materials, the Applicant experienced delays in finalizing its project plans and submitting all necessary documentation to the City. For instance, electrical panels (switchgear) had a waiting time of 12-15 months, while underground fuel tanks had a waiting period of 15 months. In addition, after each submittal to the City, the Applicant must wait for the submittal to be reviewed by the City, which impacts the timeline. Despite Members of the Lake Elsinore City Council
April 11, 2024

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75807498;2
these setbacks, the Applicant kept on moving forward. They put down deposits on the required equipment and kept on working diligently. They even signed a contract with the 76 Fuel Company for the gas station approved as part of the Project. In addition, efforts were also made to secure tenants through brokers. However, many tenants were hesitant due to economic conditions at the time affected by the pandemic.

Furthermore, this 6.07 acre site consists of 7 parcels with uneven terrain which required an unusual amount of grading. This site requires street and signal light improvement, and converting current sewer, water, gas, power utilities to underground. A new connection with Edison entailed a waiting period exceeding eight months. These factors collectively contributed to the complexities surrounding this Project. A retaining wall was also needed for this site and the adjoining neighbors were contacted to arrange for this.

At no point did the City indicate that there was any issue with the timeline related to processing the Project. The Applicant was diligently continuing working on the development of the Project given its complexities. Both the Architect (Gregory Hann with Empire Design Group) and Civil engineer were in constant communication with the City while they worked on addressing comments and concerns by the Planning Department. On June 27, 2023, a grading plan, hydrology study, and Water Quality Management Plan was submitted along with a check for $30,195.54 for city processing fees. Both the architect and civil engineer have been working on concluding addressing comments and concerns by the City Planning Department.

The Applicant has invested a significant amount of time and money in furtherance of the development of this Project. The expenses amount to approximately $4 million thus far, encompassing both acquisition and development costs, including professional fees. From the pre- application phase to the present, the Applicant has diligently met every requirement set forth by the city, paid all required fees and has continued to move forward with the development of the Project. It's worth noting that all other cities provide such extensions especially due to COVID delay.

Some comments indicate that there is confusion regarding the Applicant and its intention to operate the Project. The Applicant is a local business owner and plans to develop and operate the Project.

The Applicant already operates similar developments in nearby jurisdictions and is an upstanding member of the community, as evidenced through the letter written by The National Exchange Club of Tustin, attached hereto as Exhibit A.

Comments made at the hearing indicate that there was disappointment regarding the lack of outreach by the Applicant within the community. In addition to meetings with individual community members, the Applicant attended several public community meetings, including one on July 29, 2021 at the Alberhill Ranch Community Clubhouse and others leading up to the January 2022 hearing, to discuss the Project. As a result of those meetings, additional conditions of approval were added to the Project approvals to address security and maintenance concerns. No additional outreach was required as part of the 2022 Project approvals. To the extent that Members of the Lake Elsinore City Council
April 11, 2024

Page 5 ends

__________________________
75807498;2
community members have questions or concerns about the Project, the Applicant would be happy to meet with them individually or set up a group meeting. Notwithstanding the Applicant’s desire to continue to meet with the community now, those concerns about what did or did not happen in 2021 and 2022 is not a legally permissible basis to now deny this request for extension in 2024.

The Applicant respectfully contends that the denial of the extension by the City Council members, without a legally permissible basis, and despite full endorsement from the City Staff, is unjust and should be reconsidered.

Sincerely,
Lisa Kolieb
Partner

cc: Jason Simpson, City Manager
Damaris Abraham, Community Development Director
Barbara Leibold, City Attorney
David Mann, Assistant City Attorney
Applicant
Stephen Allen Jamieson, Esq./Solomon, Saltsman & Jamieson Peter Buffa
Greg Hann, Empire Design Group

75807498;2

EXHIBIT A
April 07,2024To Whom It May Concern: My name is Mrs. Randi Bernstein. I am the wife of former two- time Mayor Dr. Allan Bernstein of the city of Tustin, California. I am also the President for the last ten years of The Exchange Club of Tustin, 501C3 nonprofit. I am writing to offer a glowing reference for Didar “Danny” Singh as a local business owner (Tustin Field Gas and Food) in Tustin, a philanthropist and citizen. Didar is a well known and well liked local merchant. He has also supported our club each year for financial donations to help homeless veterans and homeless children in this community. Since 2015, he has been a devoted donor to our veterans and any other project we undertook. Danny is an asset to any project he is part of. We would endorse his involvement in any endeavor. He would be an asset to any community he is involved with. Please do not hesitate to contact me with any questions you may have. Randi Bernstein, President Exchange Club of Tustin 13844 Comanche Tustin Ca 92782 714 606-4320

20)
Unlawful Possession of a Catalytic Converter

1. Introduce

title

only

and

waive

further

reading

ORDINANCE

THE

CITY

COUNCIL

THE

CITY

LAKE

ELSINORE,

CALIFORNIA,

ADDING

CHAPTER

9.60 TO

TITLE

9 OF

THE

LAKE

ELSINORE

MUNICIPAL

CODE

(LEMC)

REGARDING
UNLAWFUL POSSESSION OF A CATALYTIC CONVERTER; and

2. Authorize

the

City

Council

sign

letters

support

for

proposed

legislation

that

deters
catalytic converter theft, including AB1519 (Bains) and AB641 (Fong).

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:Shannon Buckley, Assistant City Manager
Date:April 23, 2024
Subject:Unlawful Possession of a Catalytic Converter
Recommendation

1. Introduce by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADDING CHAPTER 9.60 TO TITLE 9

OF THE LAKE ELSINORE MUNICIPAL CODE (LEMC) REGARDING UNLAWFUL POSSESSION OF A CATALYTIC CONVERTER; and

2. Authorize the City Council to sign letters of support for proposed legislation that deters catalytic converter theft, including AB1519 (Bains) and AB641 (Fong).

Background
Catalytic converter theft has been one of the fastest-growing crimes in the Country, with State Farm Insurance reporting a 400% increase nationwide since 2019. Catalytic converter thefts are on the rise because of the increasing value of the precious metals contained within and the ease with which criminals can remove the devices from the vehicles of unsuspecting residents.

Catalytic converters can be sold for as much as $1,200 each. Currently, law enforcement cannot seize a catalytic converter found to be removed from a vehicle and in someone’s possession unless a victim can be identified. Unfortunately, locating the victim without identifying information on the catalytic converter is often impossible. Victims of catalytic converter thefts can pay thousands of dollars to replace them, and repairs can take months due to various supply chain issues. While there have been legislative attempts in Sacramento to crack down on catalytic converter thefts, local agencies in California have begun to pass ordinances to assist law enforcement in holding these thieves accountable for their crimes. Some of those agencies include the County of San Bernardino and the cities of Los Angeles, Upland, and Eastvale.

Catalytic Converter Ordinance

Page 2 of 3 ends

Lake Elsinore residents have and continue to experience catalytic converter thefts over the past several years. Currently, the City of Lake Elsinore does not have a law to define and punish catalytic converter thefts absent an identifiable victim. Further, no law in Lake Elsinore requires individuals to prove to law enforcement how they obtained a detached catalytic converter.

The residents of Lake Elsinore and the Riverside County Sheriff’s Department need legislation criminalizing mere possession of catalytic converters absent proof of ownership or lawful possession, for multiple reasons including, but not limited to (1) achieving deterrence by establishing zero tolerance for catalytic converters thefts; (2) establishing sanctions for possessing stolen catalytic converters; (3) preventing criminals from profiting from the sale and recycling of stolen catalytic converters; (4) providing indirect justice to the victims of catalytic converter theft; and (5) minimizing the fiscal and personnel impact on the City of Lake Elsinore and the Riverside County Sheriff’s Department by reducing the time invested in deterring and investigating catalytic converter thefts.

Because the Ordinance does not have the potential to cause direct or reasonably foreseeable indirect physical changes in the environment, it is not a project under the California Environmental Quality Act (“CEQA”). (See Pub. Res. Code, § 21065; State CEQA Guidelines, § 15378.) Discussion
Catalytic converter theft is very costly to victims of this crime, both in dollars and in the time and inconvenience of repairs, and has affected individuals, businesses, and government agencies.

Passage of a local ordinance could help hold thieves accountable and discourage theft in unincorporated areas of Riverside County.

Since 2020, the City has experienced a significant increase in the theft of catalytic converters. In 2020, a total of 10 catalytic converter thefts were reported. That number rose to 48 in 2021 and 99 in 2022. The Sheriff’s Department has implemented public education efforts to address these thefts. However, due to the lack of legislation defining and prosecuting illegal possession of catalytic converters, many catalytic converter thefts in the City of Lake Elsinore have gone unsolved.

The proposed Ordinance provides the City with a means to protect the public and deter this type of criminal activity. By establishing sanctions for the unlawful possession of a catalytic converter, even without an identifiable victim, the City will enable the Sheriff’s Department to prevent criminals from profiting from selling and recycling stolen catalytic converters. This will also provide indirect justice to the victims whose cases go unsolved and help reduce Part I crime statistics, which catalytic converter thefts have negatively impacted. In addition, this will help decrease the fiscal and personnel impact on the City of Lake Elsinore related to investigating catalytic converter thefts.

Other cities across Southern California have adopted, or are in the process of adopting, similar ordinances to protect their communities. While these ordinances are too new to provide relevant data to measure their success, adopting an ordinance in the City of Lake Elsinore will deter the criminals forced out of those municipalities and look for new communities to victimize.

Catalytic Converter Ordinance

Page 3 of 3 ends

Fiscal Impact
None.

Attachments
Attachment 1 - Ordinance
ORDINANCE NO. 2024 – _____

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADDING CHAPTER 9.60 TO TITLE 9 OF THE LAKE ELSINORE

MUNICIPAL CODE (LEMC) REGARDING UNLAWFUL POSSESSION OF A

CATALYTIC CONVERTER
Whereas, Catalytic converter theft is an increasing problem within the City of Lake Elsinore and causes significant financial damage to the victims. The purpose and intent of this ordinance is to curb the theft of catalytic converters throughout the City and to provide the City with reasonable means to address the impact on the community and the victims posed by increasing catalytic converter thefts; and
Whereas, the City of Lake Elsinore desires to amend the Lake Elsinore Municipal Code to add a new chapter relating to the unlawful possession of a catalytic converter.

NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES ORDAIN AS FOLLOWS:

Section 1. Chapter 9.60 of the Lake Elsinore Municipal Code is hereby adopted to read as follows:

Chapter 9.60

UNLAWFUL POSSESSION OF A CATALYTIC CONVERTER

9.60.010 Purpose.

The purpose of this chapter is to curb the theft of catalytic converters throughout the City and to provide the City with reasonable means to address the impact on the community and the victims posed by increasing catalytic converter thefts.

9.60.020 Definitions.

As used in this chapter, the following terms shall have the meanings set forth herein:
“City” means the City of Lake Elsinore.
“Catalytic converter” means any exhaust emission control device, or portion thereof, that converts toxic gases and pollutants in exhaust gas from an internal combustion engine into less-toxic pollutants.
“Documentation or other proof” means written document(s) clearly identifying the vehicle from which the catalytic converter originated based on the totality of the circumstances, which includes, but is not limited to, the following types of documents:

1. Bill of sale from the original owner with photographs.

2. Verifiable documentation from an auto-body shop proving the owner relinquished the catalytic converter to the auto-body shop.

3. Verifiable electronic communication from the previous owner to the possessor relinquishing ownership of the catalytic converter.

Ord. No. 2024 – _____

Page 2 of 3 ends

4. Photographs of the vehicle from which the catalytic converter originated.

5. Vehicle registration associated with the catalytic converter containing an etched associated license plate number or vehicle identification number or driver’s license number of registered vehicle owner.
“Lawful Possession” means: (1) being the lawful owner of the catalytic converter; or (2) being in possession of the catalytic converter with the lawful owner's verifiable written consent. It is not required to prove the catalytic converter was stolen to establish the possession is an unlawful possession.

9.60.030 Unlawful Possession of Catalytic Converter.

A. Barring any provision of state law permitting the same, it is unlawful for any person to possess any catalytic converter which is not attached to a vehicle unless the person has documentation or other proof of lawful possession.

B. This section does not apply to a detached catalytic converter that has been verifiably tested, certified, and labeled or otherwise approved for reuse, and is being bought or sold for purposes of reuse in accordance with the federal Clean Air Act (42 U.S.C. § 7401 et seq.) and regulations under the Clean Air Act, as they may be amended from time to time.

C. It is unlawful for any person to knowingly falsify or cause to be falsified any information in a record intended to show documentation of other proof of lawful possession.

D. Evidence of unlawful possession may be presumed by the number of detached catalytic converters within one’s possession and/or by the condition of the dismantled catalytic converter(s), including but not limited to, the manner a catalytic converter has been detached or cut from a vehicle.

9.60.040 Violation/Penalties
A. Any violation of any provisions of this chapter, at the discretion of the City Attorney or City Prosecutor, is punishable as a misdemeanor or an infraction in accordance with Chapter 1.16 LEMC, or is subject to administrative citation, at the discretion of the City, in accordance with Chapter 1.20 LEMC. Notwithstanding Chapter 1.16 LEMC, a violation of this chapter that is an infraction, and which poses a threat to public health and safety, is punishable by the following:

1. A fine not exceeding $1,000 for a first violation.

2. A fine not exceeding $2,000 for a second violation within three years.

3. A fine not exceeding $5,000 for each additional violation within three years of the first violation.

B. The remedies described in this section are not mutually exclusive. Pursuit of any one remedy shall not preclude City from availing itself of any or all available administrative, civil, or criminal remedies, at law or equity.

Section 2. CEQA. This Ordinance is exempt from the California Environmental Quality Act in accordance with Section 15061(b) (3) there is no possibility that the activity in question may have a significant effect on the environment.

Ord. No. 2024 – _____

Page 3 of 3 ends

Section 3. Severability. If any provision of this Ordinance or its application is held invalid by a court of competent jurisdiction, such invalidity shall not affect other provisions, sections, or applications of the Ordinance which can be given effect without the invalid provision or application, and to this end each phrase, section, sentence, or word is declared to be severable.

Section 4. Effective Date. This Ordinance shall become effective at 12:01 a.m. on the thirty-first (31st) day after the date of adoption.

Section 5. Certification. The City Clerk shall certify to the passage of this Ordinance and shall cause a synopsis of the same to be published according to law.

Passed, Approved , and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, on this _____day of __________ , 2024.

Steve Manos
Mayor
Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Ordinance No. 2024-____ was introduced by the City Council of the City of Lake Elsinore, California, at the Regular meeting of April ___, 2024 and adopted at the Regular meeting of _________ ___, 2024 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

Lake Elsinore City CouncilApril 23, 2024

Lake Elsinore City Council
April 23, 2024