Agenda packet — Lake Elsinore City Council, June 10, 2025 (part 1 of 6)

City of Lake Elsinore
City Council Meeting
Agenda – Final

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

June 10, 2025

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

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

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

Meeting Information
Meetings are held on the 2nd and 4th Tuesday of every month, and the agenda is posted 72 hours prior to each meeting outside of City Hall. The agenda and related reports are also available on the City’s website at www.Lake-Elsinore.org. Meetings are conducted in person, televised live on Spectrum Cable Station Channel 29 and Frontier Cable Channel 31, and streamed online at http://www.lake- elsinore.org/city-government/city-council/webcast-videos. If you are attending the meeting in person, please park in the parking lot across the street from the Cultural Center to assist us in limiting the impact of meetings on the Downtown Business District. Thank you for your cooperation.

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

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

Accessibility Accommodations
In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the City Clerk’s Department at (951) 824-8934, at least 48 hours before the meeting, to make reasonable arrangements to ensure accessibility

City Council Agenda - Final June 10, 2025

City of Lake Elsinore Page 2

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

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

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

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

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

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

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

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

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

City Council Agenda - Final June 10, 2025

City of Lake Elsinore Page 3

CALL TO ORDER

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

ROLL CALL

PUBLIC COMMENTS ON CLOSED SESSION ITEMS

CLOSED SESSION - 5:30 P.M.

A. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 377-313-013 & 377-320-004
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Perris Senior Apartments Under negotiation: Price and terms of payment

B. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 377-320-003
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Felipe Munoz Under negotiation: Price and terms of payment

C. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 373-061-010
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Michelle Hernandez Under negotiation: Price and terms of payment

RECESS

The City Council will recess to Closed Session.

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

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

PLEDGE OF ALLEGIANCE

ROLL CALL

CLOSED SESSION REPORT

PRESENTATIONS/CEREMONIALS

1) Proclamation Declaring June 19, 2025, as Juneteenth in the City of Lake Elsinore

Present a Proclamation declaring June 19, 2025, as “Juneteenth” in the City of Lake Elsinore.

City Council Agenda - Final June 10, 2025

City of Lake Elsinore Page 4

2) Update on Elsinore Valley Municipal Water District's (EVMWD) Proposition 218 Process and Proposed Rate Adjustment

3) Update on the Community Services Department (CSD) Master Plan

Receive an update on the CSD Master Plan project from consultants at BerryDunn.

4) Lake Elsinore Tigers High School Varsity Baseball

Present Certificates of Recognition to the Lake Elsinore Tigers High School 2024-2025 Varsity Baseball, CIF Southern Section Division 5 Champions.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

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

CITY COUNCIL CONSENT CALENDAR

5) Minutes of the Regular City Council Meeting of May 27, 2025

Approve the Minutes.

6) CC Warrant Report Dated May 12, 2025 to May 18, 2025

Receive and File.

7) CC Warrant Report Dated May 19, 2025 to May 25, 2025

Receive and file.

8) Resolution of Consideration of Change Proceedings for Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest)

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

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2021 -1 OF THE CITY OF LAKE ELSINORE (TUSCANY

VALLEY/CREST), DECLARING ITS INTENTION TO CONSIDER AMENDMENTS TO

THE RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR EACH OF IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 OF THE DISTRICT

AND INCREASING THE AUTHORIZED BONDED INDEBTEDNESS FOR EACH OF IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 OF THE DISTRICT.

9) Approval of Agreement with eScribe Software Ltd. for Agenda Management Services

Approve and authorize the City Manager to execute a Professional Services Agreement with eScribe Software Ltd. in an amount not to exceed $146,241 over the initial three-year term for the implementation, training, and support of a comprehensive digital agenda management platform in such final form as approved by the City Attorney.

City Council Agenda - Final June 10, 2025

City of Lake Elsinore Page 5

10) Agreement for Animal Control Services with Animal Friends of the Valleys

Approve and authorize the City Manager to execute an Animal Control Services Agreement with Animal Friends of the Valleys, Inc. (AFV) in an amount not to exceed $271,376.52 for Fiscal Year 2025- 26 for animal control services in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed 10% contingency of $27,137.65 for uncertainties and adjustments

11) Change Order #1 to the Public Works Agreement for the Fire Suppression System in the New City Hall Project (CIP Project No. Z20006)

Approve and authorize the City Manager to negotiate and approve a change order to the agreement between Cal State Fire Protection and the City of Lake Elsinore in an amount not to exceed $117,996.97 for expanding the fire suppression system in the building. Authorize the City Manager to execute the change order, subject to approval as to form by the City Attorney.

12) Professional Services Agreement with Inland Foundation Engineering, Inc. for Geotechnical Building Construction Inspection Services of the New City Library Project (CIP Project No. Z20003)

Approve and authorize the City Manager to execute an agreement with Inland Foundation Engineering, Inc. in an amount not to exceed $142,830.00 for Geotechnical Building Construction Inspection Services of the New City Library Project in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $14,283.00 for uncertainties and adjustments.

13) Agreement with Pye -Barker for the Design and Installation of the Low Voltage Security and Data System in the City Hall Building Project (CIP Project No.

Z20006)

Approve and authorize the City Manager to execute an agreement with Pye- Barker in an amount not to exceed $958,761.82 for the design and installation of the low voltage security and data system for the New City Hall Project (CIP Project No. Z20006) in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $95,876.18 for uncertainties and adjustments.

14) Agreement with Semper Patrol, Inc., for Security Services at the New City Hall Construction Project (CIP Project No. Z20006)

Approve and authorize the City Manager to execute a Professional Service Agreement with Semper Patrol, Inc. in an amount not to exceed $119,808 for security patrol services at the new City Hall in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency in the amount of $11,980.80 for uncertainties and adjustments.

City Council Agenda - Final June 10, 2025

City of Lake Elsinore Page 6

15) Vacant Land Purchase Agreement and Joint Escrow Instructions for Acquisition of Real Property: APN 377-231-040

Approve the Vacant Land Purchase Agreement and Joint Escrow Instructions, including Seller’s Counter Offer No. 1 and other related standard forms (the “Agreement”) in substantially the form attached, and confirm that the City Manager and Assistant City Manager are authorized to execute the Agreement in such final form as approved by the City Attorney and direct the City Manager to execute such other documents necessary to complete the transaction, including but not limited to, the Certificate of Acceptance.

16) Agreement with the County of Riverside Sheriff's Department for Law Enforcement Services

Approve and authorize the Mayor to execute an Agreement with the County of Riverside Sheriff's Department to perform law enforcement services per the fee and terms noted in the agreement in such final form as approved by the City Attorney.

17) Housing Successor Annual Report for Fiscal Years 2013 -14 Through 2023 -24 Regarding the Low- and Moderate-Income Housing Asset Fund Report Pursuant to Senate Bill 341

Receive and file the Housing Successor Annual Report for Fiscal Years 2013 -14 through 2023-24.

18) July 4th Fireworks Celebration on the Lake

Approve the recommended traffic detour map as approved by the City Engineer for the Annual Fireworks Show on Lake Elsinore.

19) 2025 Annual Consumer Price Index Increase for Refuse Collection Services Provided by CR&R

Receive and file the 2025 Annual Consumer Price Index Increase for Refuse Collection Services provided by CR&R since the rate increase falls within the allowable amount per the Franchise Agreement.

20) Fiscal Year 2025-26 SB -1 Lakeshore Drive and Mission Trail Pavement Resurfacing Project

Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING A LIST OF PROJECTS FOR FISCAL YEAR 2025 -2026 FUNDED BY SB 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017.

21) Amendment No. 2 to the Agreement with Prudential Overall Supply for Weekly Employee Uniforms, Shop Towels, and Logo Mat Services

Approve and authorize the City Manager to execute Amendment No. 2 to the Agreement with Prudential Overall Supply to increase compensation by an additional $4,000.00 for a total contract amount not to exceed $27,784.00 for weekly employee uniforms, shop towels, and logo mat services in such final form approved by the City Attorney.

City Council Agenda - Final June 10, 2025

City of Lake Elsinore Page 7

22) Annual On-Call and Construction Contractor Services Agreements in Support of City of Lake Elsinore Minor Construction, Maintenance, and Operations

Approve the On- Call and Minor Construction Contractor Services Agreements with Endresen Development Inc. in the amount of $500,000, Cotter Construction Inc. in the amount of $500,000, Amber Airconditioning in the amount of $450,000, Pursuit Electric in the amount of $300,000, United Carports, LLC$250,000, SAS Construction in the amount of $250,000, R&R B Inc DBA Servpro of Chino in the amount of $200,000, B&B Nurseries Inc. (dba Landscape Center) in the amount of $150,000, BELFOR USA Group Inc. in the amount of $100,000, and J&M Leyva Enterprises in the amount of $100,000 in such final form as approved by the City Attorney.

SUCCESSOR AGENCY CONSENT CALENDAR

23) Minutes of the Regular Successor Agency Meeting of May 27, 2025

Approve the Minutes.

24) SA Warrant Report Dated May 12, 2025 to May 18, 2025

Receive and file.

25) SA Warrant Report Dated May 19, 2025 to May 25, 2025

Receive and file.

26) Amendment No. 1 to the Agreement with RP Landscape & Irrigation, Inc. for Additional Maintenance Services at Lake Elsinore Diamond Stadium

Approve and authorize the Executive Director to execute Amendment No. 1 to the Agreement with RP Landscape & Irrigation, Inc. to increase compensation by an additional $44,000.00 for an amount not to exceed $192,822.16 for additional maintenance services at Lake Elsinore Diamond Stadium in such final form as approved by the Agency Attorney.

PUBLIC HEARING

27) Assembly Bill 2561/Government Code Section 3502.3 Regarding Vacancies, Recruitment, and Retention Efforts

Receive and file the informational report on City of Lake Elsinore vacancies, recruitment, and retention efforts in compliance with Assembly Bill 2561/Government Code Section 3502.3.

BUSINESS ITEMS

28) First Reading of Local Responsibility Area Fire Map Ordinance

Introduce by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING THE FIRE

HAZARD SEVERITY ZONES AS RECOMMENDED BY THE CALIFORNIA

DEPARTMENT OF FORESTRY AND FIRE PROTECTION PURSUANT TO
GOVERNMENT CODE SECTION 51178.

City Council Agenda - Final June 10, 2025

City of Lake Elsinore Page 8

29) Amendment to Section 3.08.065 of the Lake Elsinore Municipal Code Increasing the Amount of the City Manager’s Contract Authority to $50,000

Introduce by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING SECTION

3.08.065 OF THE LAKE ELSINORE MUNICIPAL CODE , INCREASING THE AMOUNT OF THE CITY MANAGER’S CONTRACT AUTHORITY TO $50,000.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES

CITY MANAGER COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

ADJOURNMENT

The Lake Elsinore City Council will adjourn to the next Regular meeting of Tuesday, June 24, 2025 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

AFFIDAVIT OF POSTING

I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby affirm that a copy of the foregoing agenda was posted at City Hall at 5:00 p.m. on Thursday, June 5, 2025.

_________________________
Candice Alvarez, MMC
City Clerk

CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 377-313-013 & 377-320-004
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Perris Senior Apartments Under negotiation: Price and terms of payment

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:David Mann, Assistant City Attorney
Date:June 10, 2025
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 377-313-013 & 377-320-004
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Perris Senior Apartments Under negotiation: Price and terms of payment
City Attorney’s Office
B.

CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 377-320-003
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Felipe Munoz Under negotiation: Price and terms of payment

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:David Mann, Assistant City Attorney
Date:June 10, 2025
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 377-320-003
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Felipe Munoz Under negotiation: Price and terms of payment
City Attorney’s Office
C.

CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 373-061-010
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Michelle Hernandez Under negotiation: Price and terms of payment

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:David Mann, Assistant City Attorney
Date:June 10, 2025
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APN: 373-061-010
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Michelle Hernandez Under negotiation: Price and terms of payment
City Attorney’s Office
1)
Proclamation Declaring June 19, 2025, as Juneteenth in the City of Lake Elsinore Present

Proclamation

declaring

June

19,

2025,

“Juneteenth”

the

City

Lake
Elsinore.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Candice Alvarez, MMC, City Clerk
Date:June 10, 2025
Subject:Proclamation Declaring June 19, 2025, as Juneteenth in the City of Lake Elsinore
Recommendation
Present a Proclamation declaring June 19, 2025, as “Juneteenth” in the City of Lake Elsinore.

Attachments
Attachment 1 - Proclamation
City Clerk's Office
Juneteenth
WHEREAS, Juneteenth commemorates June 19, 1865, the day when Union soldiers arrived in Galveston, Texas, and announced that the Civil War had ended and all enslaved people were free, more than two years after President Abraham Lincoln signed the Emancipation Proclamation and is a powerful reminder of the ongoing journey toward equality and justice in the United States and is widely recognized as the oldest nationally celebrated commemoration of the ending of slavery in the country; WHEREAS, in 2021, Juneteenth was officially recognized as a federal holiday, known as Juneteenth National Independence Day, affirming its significance in our national history and cultural identity;
WHEREAS, Juneteenth celebrates African American freedom and achievements, while encouraging continuous self-development and respect for all cultures, and provides an opportunity for reflection, education, and renewed commitment to the principles of equity and inclusion; and
WHEREAS, the City of Lake Elsinore values the diverse heritage and shared contributions of all its residents and recognizes the importance of honoring the historical significance of Juneteenth and joins communities across the nation in celebrating Juneteenth as a time of remembrance, reflection, and hope for a more just and equitable future.

NOW, THEREFORE, the City Council of the City of
Lake Elsinore, California, does hereby proclaim June
19, 2025 as “Juneteenth” in the City of Lake Elsinore
and encourages all residents to join in the
celebration, reflection, and education that this
important day represents.

Brian Tisdale, Mayor
2)
Update

Elsinore

Valley

Municipal

Water

District's

(EVMWD)

Proposition

218
Process and Proposed Rate Adjustment

Page 1 of 1 ends

City Clerk's Office
3)
Update on the Community Services Department (CSD) Master Plan Receive an update on the CSD Master Plan project from consultants at BerryDunn.

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:Johnathan Oliver Skinner, Director Of Community Services Date:June 10, 2025
Subject:Update on the Community Services Department (CSD) Master Plan Recommendation
Receive an update on the CSD Master Plan project from consultants at BerryDunn.

Community Services
4)
Lake Elsinore Tigers High School Varsity Baseball
Present

Certificates

Recognition

the

Lake

Elsinore

Tigers

High

School

2024-2025
Varsity Baseball, CIF Southern Section Division 5 Champions.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Candice Alvarez, MMC, City Clerk
Date:June 10, 2025
Subject:Lake Elsinore Tigers High School Varsity Baseball Recommendation
Present Certificates of Recognition to the Lake Elsinore Tigers High School 2024-2025 Varsity Baseball, CIF Southern Section Division 5 Champions.

City Clerk's Office
5)
Minutes of the Regular City Council Meeting of May 27, 2025 Approve the Minutes.

Page 1 of 1 ends

Attachments
Attachment 1 - Draft Minutes
City Clerk's Office

City of Lake Elsinore
City Council Meeting
Minutes – Draft

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

May 27, 2025

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

Council Member Manos led the Pledge of Allegiance.

ROLL CALL

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

Absent: 0 - None

PRESENTATIONS/CEREMONIALS

1) Business in Action Monthly Spotlight – Skydive Elsinore

Recognize Skydive Elsinore as the City of Lake Elsinore’s Business in Action Monthly Spotlight for May 2025.

Mayor Tisdale presented the Certificate to Josh Hall and Karl Gulledge.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

April Watkins was called to speak.

City Council Minutes - Draft May 27, 2025

City of Lake Elsinore Page 2

CITY COUNCIL CONSENT CALENDAR

A motion was made by Council Member Johnson, seconded by Council Member Manos to approve the City Council Consent Calendar with Item No. 14 being removed for discussion. The motion carried by the following vote:

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

2) Minutes of the Regular City Council Meeting of May 13, 2025

Approve the Minutes.

This item was approved on the City Council Consent Calendar.

3) CC Warrant Report Dated April 21, 2025 to April 27, 2025

Receive and File.

This item was approved on the City Council Consent Calendar.

4) CC Warrant Report Dated April 28, 2025 to May 04, 2025

Receive and File.

This item was approved on the City Council Consent Calendar.

5) CC Warrant Report Dated May 05, 2025 to May 11, 2025

Receive and File.

This item was approved on the City Council Consent Calendar.

6) CC Investment Report for April 2025

Receive and file the Investment Report for April 2025.

This item was approved on the City Council Consent Calendar.

7) Second Reading of an Ordinance Amending and Restating Title 5, Chapter 5.31 of the Lake Elsinore Municipal Code to Provide for More Effective Code Enforcement Regarding Sidewalk Vending

Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING AND RESTATING TITLE 5, CHAPTER 5.31 OF THE LAKE ELSINORE MUNICIPAL CODE

TO PROVIDE FOR MORE EFFECTIVE CODE ENFORCEMENT REGARDING SIDEWALK VENDING.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft May 27, 2025

City of Lake Elsinore Page 3

8) Amendment No. 2 to the Agreement with Area 63 Productions, LLC for On-call Training and RV Repair Services

Approve and authorize the City Manager to execute Amendment No. 2 to the agreement with Area 63 Productions, LLC to increase compensation from $125,000 to an amount not to exceed $175,000 for On-Call Training and RV Repair Services in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $17,500 for uncertainties.

This item was approved on the City Council Consent Calendar.

9) Annexation No. 25 Into Community Facilities District No. 2015-2 (Maintenance Services) for TTM 33725 and 25475 (Tuscany Valley & Tuscany Crest)

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

CALIFORNIA, DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF

THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 25) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.

This item was approved on the City Council Consent Calendar.

10) Lake Elsinore Community Facilities District No. 2015-1 (Safety Services) Declaring Its Intention to Consider Annexing Territory TTM 34249 Annexation No. 15

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

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

DECLARING ITS INTENTION TO CONSIDER ANNEXING TERRITORY TO COMMUNITY FACILITIES DISTRICT NO. 2015-1 OF THE CITY OF LAKE ELSINORE (SAFETY SERVICES).

This item was approved on the City Council Consent Calendar.

11) Annexation No. 23 Into Community Facilities District No. 2015-2 (Maintenance Services) for TTM 34249 (Canyon Hills Heights)

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

DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF

LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 23) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft May 27, 2025

City of Lake Elsinore Page 4

12) Intention to Establish Community Facilities District No. 2025-1 of the City of Lake Elsinore (Canyon Hills Heights)

1. Adopt A RESOLUTION OF INTENTION OF THE CITY COUNCIL OF THE CITY

OF LAKE ELSINORE, CALIFORNIA, TO ESTABLISH COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE CITY OF LAKE ELSINORE (CANYON HILLS

HEIGHTS), TO AUTHORIZE THE LEVY OF A SPECIAL TAX TO PAY THE

COSTS OF ACQUIRING OR CONSTRUCTING CERTAIN FACILITIES AND TO PAY DEBT SERVICE ON BONDED INDEBTEDNESS; and

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

OF THE CITY OF LAKE ELSINORE, CALIFORNIA, TO INCUR BONDED INDEBTEDNESS IN AN AMOUNT NOT TO EXCEED $14,000,000 WITHIN PROPOSED COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE CITY OF LAKE ELSINORE (CANYON HILLS HEIGHTS).

This item was approved on the City Council Consent Calendar.

13) Professional Services Agreement with Deckard Technologies, Inc. for Short- Term Rental Monitoring, Compliance, and Tax Collection Services

Approve and authorize the City Manager to execute an agreement with Deckard Technologies, Inc. in an annual amount not to exceed $12,022.50 for Short Term Rental Monitoring, Compliance and Tax Collection Services in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

14) Special Event Procedures

Receive and file the Special Event Procedures.

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

15) Award of a Public Works Construction Agreement to Endresen Development Inc. for replacing the lateral sewer Lines at The Anchor (CIP Project No. Z20032)

Approve and authorize the City Manager to execute a Public Works Construction Agreement with Endresen Development Inc. in an amount not to exceed $168,995.00 for the construction of the main sewer lateral lines at The Anchor, in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed the 10% contingency amount of $16,899.50; and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft May 27, 2025

City of Lake Elsinore Page 5

16) Amendment No. 2 to the Professional Services Agreement Between the City and Engineering Resources of Southern California, Inc. (ERSC) for the Civil Engineering Services of the New City Hall Project (CIP Project Z20006)

Approve and authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement with Engineering Resources of Southern California, Inc. (ERSC) for a total amount not to exceed $144,642.00 in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

17) Agreement with City Net for Supportive Services and Management of The Anchor

Approve and authorize the City Manager to execute a Professional Services Agreement with City Net for Supportive Services and Management of The Anchor in an amount not to exceed $766,000 per fiscal year and extending the term in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

18) Professional Services Agreement with Mullin 360 Real Estate Services, LLC for an Auto Assessment and Net Growth Demand Analysis

Approve and authorize the City Manager to execute an agreement/contract with Mullin 360 in an amount not to exceed $86,000 for an Auto Assessment and Net Growth Demand Analysis in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $8,600 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

19) Energy Efficiency-light Emitting Diode (LED) Fixture Replacement Agreement with Southern California Edison (SCE)

Approve and authorize the City Manager to execute an Agreement with SCE to convert SCE-owned fixtures in the City of Lake Elsinore to LED fixtures in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

20) Award a Contractor Services Agreement to Aneen Construction, Inc. for the Annual Curb, Gutter & Sidewalk Repair Program (CIP Project No. Z10067)

Approve and authorize the City Manager to execute the Contractor Services Agreement with Aneen Construction, Inc. for an amount not to exceed $800,000.00 per fiscal year in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $80,000.00 for unanticipated costs.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft May 27, 2025

City of Lake Elsinore Page 6

21) Agreement with Yesco for Installation of 12 Flood Fixtures at Gediman Square Parking Lot (CIP Project #Z20005)

Approve and authorize the City Manager to purchase from Yesco for an amount not to exceed $38,282.97 and by way of an agreement in the form approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $3,828.00 for unanticipated costs.

This item was approved on the City Council Consent Calendar.

ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR DISCUSSION

14) Special Event Procedures

Receive and file the Special Event Procedures.

A motion was made by Council Member Johnson, seconded by Mayor Pro Tem Magee to receive and file the Special Event Procedures. The motion carried by the following vote:

Aye: 3 Council Member Johnson, Mayor Pro Tem Magee, and Mayor Tisdale Nay: 2 Council Members Manos and Sheridan

SUCCESSOR AGENCY CONSENT CALENDAR

A motion was made by Council Member Manos, seconded by Council Member Johnson to approve the Successor Agency Consent Calendar. The motion Carried by the following vote:

Aye: 5 Agency Members Manos, Sheridan, and Johnson; Vice Chair Magee; and Chair Tisdale
Nay: 0 None

22) Minutes of the Regular Successor Agency Meeting of May 13, 2025

Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

23) SA Warrant Report Dated April 21, 2025 to April 27, 2025

Receive and File.

This item was approved on the Successor Agency Consent Calendar.

24) SA Warrant Report Dated April 28, 2025 to May 04, 2025

Receive and File.

This item was approved on the Successor Agency Consent Calendar.

City Council Minutes - Draft May 27, 2025

City of Lake Elsinore Page 7

25) SA Warrant Report Dated May 05, 2025 to May 11, 2025

Receive and File.

This item was approved on the Successor Agency Consent Calendar.

26) SA Investment Report for April 2025

Receive and file the Investment Report for April 2025.

This item was approved on the Successor Agency Consent Calendar.

27) Purchase of the OmniDeck Stadium Turf Protection System from Signature Systems for the Diamond Stadium Capital Repairs and Replacement Project.

Approve and authorize the Executive Director to purchase a complete OmniDeck Stadium Turf Protection System for $98,589.75 from Signature Systems for the Diamond Stadium Capital Repairs and Replacement Project. Waive the formal bidding process per Municipal Code Section 3.08.070(G) for the purchase from Signature Systems since we have already purchased the original package in 2022. We are adding additional square footage to cover the newly installed grass.

This item was approved on the Successor Agency Consent Calendar.

28) Change Order No. 1 to the Purchase Order of Decomposed Granite (DG) with Tri- State Materials & Landscape Supplies for the Lake Elsinore Diamond Stadium

Approve and authorize the Executive Director to execute Change Order No. 1 with Tri- State Materials & Landscape Supplies for additional Decomposed Granite (DG) in the amount of $2,400.00 in such final form as approved by the Agency Attorney.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES

There were no speakers.

CITY ATTORNEY COMMENTS

Assistant City Attorney Mann had no comments.

CITY MANAGER'S COMMENTS

Assistant City Manager Buckley had no comments.

City Council Minutes - Draft May 27, 2025

City of Lake Elsinore Page 8

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

Council Member Sheridan reported on his attendance at the Riverside Transit Agency Board of Directors meeting on May 22, 2025 and announced that the Transportation Now meeting will be held on May 28, 2025; announced that youth ride Riverside Transit Agency buses free through December 31, 2026; shared that an HOA Fire Assessment meeting was held at Westridge at Canyon Hills on May 21, 2025; invited the community to participate in the Kids’ Ride Into Nature Car Show on Saturday, May 31, 2025 from 10:00 a.m. – 3:00 p.m. at Marna O’Brien Park in Wildomar; shared upcoming promotions hosted by the Lake Elsinore Storm at Diamond Stadium; and shared a photo at Main Street Kitchen and Tap of Main Street on Memorial Day on Thursday, May 30, 1940.

Council Member Manos reported that he was unable to attend the Riverside County Habitat Conservation Agency Committee meeting this month.

Council Member Johnson congratulated Skydive Elsinore and Elsinore High School baseball team for winning the semi-finals for their division and for heading to the CIF; reported on her attendance at the Animal Friends of the Valleys Animal Shelter meeting and shared statistics on shelter operations in 2024; and shared photos from Elsinore and Temescal Canyon High Schools’ Scholarship Nights and congratulated Carl Graves’ Scholarship Awardees.

Mayor Pro Tem Magee thanked the Community Services Department and Chamber of Commerce for their work on the Fishing Derby; reported on his attendance at the Riverside County Transportation Commission meeting on May 14, 2025; invited the community to participate in the Just 4 Kids Fishing Derby from 7:30 – 10:30 a.m. on Saturday, June 7, 2025 at the Lake Elsinore Levee; invited the community to attend the San Diego SCCA Chapter Autocross event at Lake Elsinore Diamond Stadium on June 7-8, 2025; and announced the Southern California Sand Drag Association’s Challenge Points Series September 26-28, 2025 at the Lake Elsinore Motorsports Park.

Mayor Tisdale advised that the Northwest Mosquito and Vector Control District Multiple Unmanned Aerial Systems (UAS) Treatments took place on May 27, 2025; announced the grand opening of Beignet Spot in Lake Elsinore; shared photos of his and Council Member Johnson’s attendance at Rice Canyon Elementary School’s Memorial Flag Friday; reported on the City’s participation at the International Council of Shopping Centers convention; invited small business owners to attend America’s SBDC California workshop on “Using Google to Grow My Business” from 10:00 a.m. – noon on Wednesday, June 4, 2025 at the Lake Elsinore Cultural Center; and shared important dates pertaining to the June 24, 2025 Special Election for Assembly District 63.

ADJOURNMENT

The Lake Elsinore City Council adjourned at 7:44 p.m. to the next Regular meeting of Tuesday, June 10, 2025 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.

6)
CC Warrant Report Dated May 12, 2025 to May 18, 2025
Receive and File.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Shannon Buckley, Assistant City Manager
Date:May 27, 2025
Subject:CC Warrant Report Dated May 12, 2025 to May 18, 2025 Recommendation
Receive and File.

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
Administrative Services
MAY 12, 2025 TO MAY 18, 2025 CITY OF LAKE ELSINORECITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,739,864.33 $
103 THE ANCHOR 160.00
110 GAS TAX 432.45
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 9,470.52 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 3,865.94 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 26,122.47 180 LAUNCH POINTE 55,428.58
305 INFORMATION SYSTEMS SERVICE 34,698.68
310 SUPPORT SERVICE 600.30
315 FLEET SERVICE 5,951.91
320 FACILITIES SERVICE 484.50
330 CFD 2015-2S MAINTENANCE SERVICES 1,614.82
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 810.81
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 810.81
333 CFD 2015-4 TERRACINA IMPROVEMENT 810.81
334 CFD 2015-5 TRIESTE IMPROVEMENT 789.65
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 2,789.65
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 789.65
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 766.65
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 789.65
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 2,810.81
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 789.65
342 CFD 2007-5S RED KITE SERVICES 579.15
343 CFD 2006-2S VISCAYA SERVICES 579.15
344 CFD 2005-2S ALBERHILL RANCH SERVICES 579.15
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,600.45
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 1,389.96
350 CFD 98-1 SUMMERHILL IMPROVEMENT 810.81
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 810.81
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 2,237.52
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 1,042.48
358 CFD 2007-4S MAKENNA SERVICES 579.15
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 694.44 361 CFD 2022-2 LAKESHORE IMPROVEMENT 674.22
362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 579.15
363 CFD 2023-1 LAKESIDE IMPROVEMENT 674.22
364 CFD 2023-2 COASTAL MISSION TRAIL IMPROVEMENT 652.33 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 579.15 367 CFD 2006-1S SUMMERLY SERVICES 579.15
368 CFD 2006-2 VISCAYA IMPROVEMENT 579.15
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 810.81
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 810.81
Attachment 1 1 of 2
MAY 12, 2025 TO MAY 18, 2025 CITY OF LAKE ELSINORECITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
371 CFD 2005-1 SERENITY IMPROVEMENT 810.81
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 810.81
373 CFD 2005-5S WASSON CANYON SERVICES 579.15
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 289.57
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 289.57
376 CFD 2006-3 LA STRADA IMPROVEMENT 579.15
377 CFD 2006-6 TESSARA IMPROVEMENT 347.49
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 766.65
379 CFD 2022-1 ALBERHILL IMPROVEMENT 674.22
380 CFD 2015-4S TERRACINA SERVICES 567.61
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 2,779.91
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 810.81
386 CFD 2007-4 MAKENNA IMPROVEMENT 766.66
387 CFD 2007-5 RED KITE IMPROVEMENT 766.65
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 2,084.93
392 CFD 95-1 CIVIC CENTER IMPROVEMENT 810.81
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 579.15
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 547.60
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 778.78
397 CFD 2019-1 WESTLAKE IMPROVEMENT 2,778.78
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 694.44 500 CAPITAL IMPROVEMENT PLAN 1,444,473.18
620 COST RECOVERY TRUST DEPOSITS 14,497.73
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 810.81
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 579.15 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 579.15
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 579.15 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 921.31
GRAND TOTAL 3,389,048.73 $
Attachment 1 2 of 2
MAY 12, 2025 TO MAY 18, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25002178 AARON CHEVROLET 253.99 $
APA25002179 ACTION GAS & WELDING SUPPLY 69.97
APA25002180 ACTION SPORTS CANOPIES 1,752.78
APA25002181 ALBERT WEBB & ASSOCIATES 25,002.50
APA25002182 ALL AMERICAN ASPHALT 1,397,890.44
APA25002183 AMERICAN LADY VETS, INC 60,400.15
APA25002184 ANIMAL FRIENDS OF THE VALLEY 22,063.12
APA25002185 ARCMATE MANUFACTURING, CORP 531.75
APA25002186 CDW GOVERNMENT, INC. 471.58
APA25002187 CHARTER COMMUNICATIONS 1,718.49
APA25002188 CORODATA RECORDS MANAGEMENT, INC. 153.80
APA25002189 CR&R, INC. 13,388.39
APA25002190 CR&R, INC. 4,671.97
APA25002191 DESERT HOUSE MEDIA 5,980.00
APA25002192 DIRECTV 157.99
APA25002193 DISCOUNT HAULING & CLEANUP SERVICE 16,370.00 APA25002194 EGP CONSULTING, INC. 6,416.79
APA25002195 EXCEL LANDSCAPE, INC. 1,032.00
APA25002196 FCS INTERNATIONAL, INC 2,770.00
APA25002197 FREEDOM FOREVER 175.01
APA25002198 FRONTIER CALIFORNIA - INTERNET 99.47
APA25002199 FRONTIER CALIFORNIA, INC. 90.61
APA25002200 GOLDEN STATE BAIT, INC. 22,000.00
APA25002201 GREAT AMERICA FINANCIAL SERVICES 600.30
APA25002202 HELIX ENVIRONMENTAL PLANNING INC. 5,028.75
APA25002203 HEYDAY 11,250.00
APA25002204 INLAND BOBCAT, INC. 212.60
APA25002206 MORTON PEST CONTROL INC 985.00
APA25002207 NAKAE & ASSOCIATES, INC. 3,650.00
APA25002208 NPG, INC. 4,100.00
APA25002209 PRESS-ENTERPRISE, THE 269.70
APA25002210 PUBLIC SAFETY ENTERPRISE COMMUNICATION 761.94 APA25002211 QUINN COMPANY 15.29
APA25002212 RAPID FIRE SAFETY & SECURITY LLC 1,101.56
APA25002213 RP LANDSCAPE & IRRIGATION 73,110.11
APA25002214 SOUTHERN CALIFORNIA EDISON CO. 226.44
APA25002216 TOTAL CLEAN 16,100.01
APA25002217 TRB AND ASSOCIATES, INC. 697.75
APA25002219 VERIZON WIRELESS (#1) 3,354.25
APA25002220 VERIZON WIRELESS (#2) 4,062.05
APA25002222 VULCAN MATERIALS COMPANY 341.16
Attachment 2 1 OF 2
MAY 12, 2025 TO MAY 18, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25002223 WILLSCOT MOBILE MINI 1,319.55
APA25002224 WSP USA ENVIRONMENT & INFRASTRUCTURE SOLUTIONS, INC. 63,121.98 9156 AK SECURITY ALARM LLC 34,990.44
9157 ALVAREZ ENTERPRISE SERVICES 11,180.51
9158 AMAZON BUSINESS 922.51
9159 AMERICAN MATERIAL COMPANY 62.08
9160 CIVICA LAW GROUP, APC 22,784.71
9161 DOWNS ENERGY 5,470.03
9162 GMS ELEVATOR SERVICES, INC. 360.00
9163 LYNN MERRILL AND ASSOCIATES, INC. 9,443.31
9164 MICHAEL BAKER INTERNATIONAL, INC. 18,961.50
9165 MURPHY & EVERTZ LLP 1,286.00
9166 MURPHY & EVERTZ LLP 1,843.00
9167 MURPHY & EVERTZ LLP 1,375.00
9168 MURPHY & EVERTZ LLP 6,446.17
9169 MURPHY & EVERTZ LLP 986.50
9170 MURPHY & EVERTZ LLP 4,541.50
9171 PROSTAFF, LLC 17,587.50
9173 PRUDENTIAL OVERALL SUPPLY 489.62
9174 RIGHTWAY SITE SERVICES, INC. 4,825.10
9175 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,382,612.50 9176 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 11,982.31 9177 SECURITAS SECURITY SERVICES USA, INC. 3,241.92
9178 SOUTHERN CALIFORNIA GAS CO. 830.20
9179 SPICER CONSULTING GROUP 52,469.50
9183 TOM DODSON & ASSOCIATES 5,610.00
9185 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
9186 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
9187 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
143687 GUFAROTTI, ADAM (126.03)
143780 EMPLOYMENT DEVELOPMENT DEPARTMENT 1,018.00
143781 GUFAROTTI, ADAM 126.03
143782 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 2,000.00 143783 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 5,000.00 143784 PETTY CASH - CITY OF LAKE ELSINORE 959.58
GRAND TOTAL 3,389,048.73 $
Attachment 2 2 OF 2
7)
CC Warrant Report Dated May 19, 2025 to May 25, 2025
Receive and file.

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
Administrative Services
MAY 19, 2025 TO MAY 25, 2025 CITY OF LAKE ELSINORECITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,922,447.92 $
103 THE ANCHOR 59,515.74
110 GAS TAX 289.04
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 15,556.41 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 3,921.72 180 LAUNCH POINTE 103,788.07
205 TRAFFIC IMPACT FEE 5,322.00
300 INSURANCE SERVICE (12,028.41)
305 INFORMATION SYSTEMS SERVICE 57,247.40
310 SUPPORT SERVICE 1,746.31
315 FLEET SERVICE 22,761.94
320 FACILITIES SERVICE 9,337.91
500 CAPITAL IMPROVEMENT PLAN 608,351.21
620 COST RECOVERY TRUST DEPOSITS 20,493.00
GRAND TOTAL 2,818,750.26 $
Attachment 1 1 of 1
MAY 19, 2025 TO MAY 25, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25002225 ADVANCED HEATING AND AIR CONDITIONING 588.00$ APA25002226 ALBERT WEBB & ASSOCIATES 36,241.50
APA25002227 ALLEGRA MARKETING PRINT MAIL 1,203.86
APA25002228 ALTA CALIFORNIA GEOTECHNICAL, INC. 14,767.10 APA25002229 AT&T 175.00
APA25002230 ATKINSON, ANDELSON, LOYA, RUUD & ROMO 1,414.00 APA25002231 AZTECA CLEANING SERVICES LLC 9,304.58
APA25002232 BANNER BANK 5,616.94
APA25002233 BERRYDUNN 14,333.00
APA25002234 BLAIS & ASSOCIATES, INC. 6,911.25
APA25002235 CALIFORNIA, DEPARTMENT OF JUSTICE 64.00
APA25002236 CED LAGUNA 70,974.96
APA25002237 CERO BINS LLC 510.00
APA25002238 CHARLES ABBOTT ASSOCIATES, INC. 9,337.08
APA25002239 CONCENTRA 1,121.00
APA25002240 COTTER CONSTRUCTION, INC. 22,100.00
APA25002241 CR&R, INC. 388.00
APA25002242 CREATIVE INDUSTRIES MEDIA GROUP 5,170.78
APA25002243 CRIME SCENE STERI-CLEAN, LLC 1,500.00
APA25002244 DAVID TURCH & ASSOCIATES 3,500.00
APA25002245 DUSTIN THOMPSON PHOTOGRAPHY 1,500.00
APA25002246 ELLIOT DRILLING SERVICES, INC 20,542.24
APA25002247 FEHR & PEERS 2,705.00
APA25002248 FERGUSON 140.19
APA25002249 FORENSIC NURSES OF SOCAL, INC. 2,600.00
APA25002250 FREEDOM FOREVER 263.75
APA25002251 FRONTIER CALIFORNIA - INTERNET 295.35
APA25002252 FRONTIER CALIFORNIA, INC. 79.11
APA25002253 GREAT AMERICA FINANCIAL SERVICES 1,746.31
APA25002254 HAZZARD BACKFLOW, INC. 12,400.00
APA25002255 HEMET FENCE CORP 129.30
APA25002256 HEYDAY 2,750.00
APA25002257 INTERSTATE STRIPING, INC. 61,372.19
APA25002258 JD PROMOTIONS 1,031.85
APA25002259 KUSTOM SIGNALS, INC 370.62
APA25002260 LANCET CONTRACTING, INC 106,400.00
APA25002261 LAND IQ, LLC 3,025.90
APA25002262 LIUNA LOCAL 777 720.00
APA25002263 LSA ASSOCIATES, INC. 15,790.00
APA25002264 MILLER, THEODORE 210.50
APA25002265 MORTON PEST CONTROL INC 730.00
Attachment 2 1 OF 3
MAY 19, 2025 TO MAY 25, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25002266 O'REILLY AUTO STORES INC/FIRST CALL 1,001.84 APA25002267 PUBLIC SAFETY ENTERPRISE COMMUNICATION 1,269.90 APA25002268 ROGUE ELECTRIC 4,153.40
APA25002269 RSG, INC. 1,355.00
APA25002270 SAFETY-KLEEN SYSTEMS, INC. 128.40
APA25002271 SAN DIEGO ICE COMPANY, INC. 243.52
APA25002272 SHRED-IT USA, LLC 84.00
APA25002273 SOUTHERN CALIFORNIA EDISON CO. 185.18
APA25002274 STAUFFER LAWN EQUIPMENT 2,258.67
APA25002275 STEWART TITLE OF CALIFORNIA 550.00
APA25002276 TALIMAR SYSTEMS, INC 2,500.00
APA25002277 TARGET SPECIALTY PRODUCTS 9,032.62
APA25002278 THE SALVATION ARMY 5,000.00
APA25002279 T-MOBILE USA, INC. 115.00
APA25002280 TOTAL CLEAN 3,462.50
APA25002281 TRITON TECHNOLOGY SOLUTIONS, INC 80,094.38
APA25002282 ULTIMATE SIGNS & GRAPHICS 430.65
APA25002283 VALLE, BLANCA 500.00
APA25002284 VERIZON WIRELESS (#13) 27.90
APA25002285 VICTORY BEE REMOVAL 750.00
APA25002286 VULCAN MATERIALS COMPANY 289.04
APA25002287 WILLDAN 1,290.00
9188 AK SECURITY ALARM LLC 30,214.70
9189 AMAZON BUSINESS 2,752.84
9190 AMERICAN MATERIAL COMPANY 1,332.08
9191 BUREAU VERITAS NORTH AMERICA, INC. 12,219.50
9192 CM WASH EQUIPMENT 5,236.51
9193 DOWNS ENERGY 97.30
9194 ENDRESEN DEVELOPMENT, INC. 9,853.16
9195 ENDRESEN DEVELOPMENT, INC. 18,791.58
9196 ENDRESEN DEVELOPMENT, INC. 13,753.45
9197 ENDRESEN DEVELOPMENT, INC. 9,720.66
9198 ENDRESEN DEVELOPMENT, INC. 10,103.16
9199 ENDRESEN DEVELOPMENT, INC. 80,880.00
9200 ENGINEERING RESOURCES OF SO CA 20,415.35
9201 ENGINEERING RESOURCES OF SO CA 13,200.00
9202 HDR ENGINEERING, INC. 36,148.23
9203 LAKE ELSINORE TIRE & AUTO, INC. 245.00
9204 PALMS PARK LLC 4,000.00
9205 PRUDENTIAL OVERALL SUPPLY 473.89
9206 RIVERSIDE COUNTY FIRE DEPARTMENT 1,214,571.38
9207 SECURITAS SECURITY SERVICES USA, INC. 3,013.76
Attachment 2 2 OF 3
MAY 19, 2025 TO MAY 25, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
9208 SERVICE FIRST 6,837.60
9209 SOCIAL WORK ACTION GROUP 57,968.74
9210 TOM DODSON & ASSOCIATES 4,710.00
9211 WEST COAST ARBORISTS, INC. 9,993.00
9212 WKE, INC. 2,893.56
143786 CALIFORNIA JPIA 10.00
143787 CALIFORNIA JPIA 25.00
143788 CRISTIAN D. VALENCIA 259.36
143789 EVMWD 33,730.33
143792 FRONTIER CALIFORNIA, INC. 2,500.00
143793 HANCOCK, ALEJANDRA 290.07
143794 KERR, CHRISTIAN 150.00
143795 SOUTHERN CALIFORNIA EDISON - SCE INSTALL 3,325.47 DFT250671 STATE DISBURSEMENT UNIT 134.30
DFT250672 PAYCHEX OF NEW YORK, LLC 550.00
DFT250673 MISSION SQUARE RETIREMENT 569.20
DFT250674 TASC 12,910.96
DFT250675 MISSION SQUARE RETIREMENT 21,337.24
DFT250676 STATE DISBURSEMENT UNIT 392.30
DFT250677 INTERNAL REVENUE SERVICE 198.50
DFT250678 FRANCHISE TAX BOARD 1,268.10
DFT250679 PAYCHEX OF NEW YORK, LLC 1,906.70
DFT250680 NATIONWIDE TRUST COMPANY, FSB 2,378.77
DFT250681 LEGAL SHIELD 108.65
DFT250683 FRANCHISE TAX BOARD 27,835.26
DFT250684 INTERNAL REVENUE SERVICE 133,972.27
DFT250685 CALPERS 78,836.86
DFT250686 CALPERS 249.92
DFT250691 COMMONWEALTH LAND TITLE COMPANY 15,870.00
DFT250692 CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE 132.42 PR05222025 NET PAYROLL 355,637.77
GRAND TOTAL 2,818,750.26 $
Attachment 2 3 OF 3
8)
Resolution of Consideration of Change Proceedings for Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest) Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2021-1 OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST),

DECLARING ITS INTENTION TO CONSIDER AMENDMENTS TO THE RATE AND

METHOD OF APPORTIONMENT OF SPECIAL TAX FOR EACH OF IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 OF THE DISTRICT AND INCREASING

THE AUTHORIZED BONDED INDEBTEDNESS FOR EACH OF IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 OF THE DISTRICT.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Shannon Buckley, Assistant City Manager
Date:June 10, 2025
Subject:Resolution of Consideration of Change Proceedings for Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest)
Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2021-1 OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST), DECLARING ITS

INTENTION TO CONSIDER AMENDMENTS TO THE RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR EACH OF IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 OF THE DISTRICT AND INCREASING THE AUTHORIZED BONDED INDEBTEDNESS FOR EACH OF IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 OF THE DISTRICT.

Background
The City of Lake Elsinore (the “City”) formed the Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest) (the “District”). It designated two improvement areas therein (each an “Improvement Area” and together the “Improvement Areas”) according to the Mello-Roos Community Facilities District Act of 1982. The District is situated to the south of Highway 74, at the intersection of Greenwald Avenue and Little Valley Road, in the northeastern part of the City. KB HOME Cal Management Services LLC, a Delaware limited liability company, is the landowner within the District (the “Developer”). Build-out development within Improvement Area No. 1 and Improvement Area No. 2 is expected to include 204 and 131 homes, respectively, for a total of 335 homes within the District.

CFD 2021-1 Change Proceedings Resolution

Page 2 of 2 ends

Homebuilding within the District has not yet commenced. Based on updated expected product types and estimated home pricing to be developed in the District, the Developer has requested that the District undertake proceedings to amend the Rate and Method of Apportionment of Special Taxes for each Improvement Area with each Second Amended and Restated Rate and Method of Apportionment attached to the Resolution of Consideration presented at this meeting (each a “Second Amended RMA”).

The current annual Special Tax rates for a single-family home within Improvement Area No. 1 range from $2,936 to $3,441. If the current rate and method of apportionment of special tax for Improvement Area No. 1 is approved, the rates will range from $3,457 to $4,719.

The current annual Special Tax rates for a single-family home within Improvement Area No. 2 range from $3,036 to $3,511. If the current rate and method of apportionment of special tax for Improvement Area No. 2 is approved, the rates will range from $3,619 to $4,882.

The current authorized indebtedness for Improvement Area No. 1 is $14,000,000. If the amended authorized indebtedness for Improvement Area No. 1 is approved, it will be $16,000,000.

The current authorized indebtedness for Improvement Area No. 2 is $10,000,000. If the amended authorized indebtedness for Improvement Area No. 2 is approved, the authorized indebtedness for Improvement Area No. 2 will be $12,000,000.

Discussion
Approval of the attached resolution is the first step in the process to effectuate the changes discussed above. The attached resolution declares the District’s intention to consider the proposed changes and calls for a public hearing on the proposed changes.

Fiscal Impact
The Developer has made a deposit to pay for the costs of the change proceedings. The Developer will be reimbursed for such costs if and when bonds are issued for the District.

The District will annually levy special taxes on all taxable property within each Improvement Area of the District, as per the applicable Second Amended RMA, to cover the costs of facilities, debt service on bonds for the respective Improvement Area, and the administration of the District. Any bonds issued by the District for each Improvement Area are not obligations of the City and will be secured solely by the Special Taxes levied in the applicable Improvement Area.

Attachments
Attachment 1 - Resolution of Consideration
Attachment 2 - Landowner Petition
Administrative Services
RESOLUTION NO. 2025-___

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

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2021-1 OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST), DECLARING ITS INTENTION TO CONSIDER

AMENDMENTS TO THE RATE AND METHOD OF APPORTIONMENT OF
SPECIAL TAX FOR EACH OF IMPROVEMENT AREA NO. 1 AND
IMPROVEMENT AREA NO. 2 OF THE DISTRICT AND INCREASING THE

AUTHORIZED BONDED INDEBTEDNESS FOR EACH OF IMPROVEMENT
AREA NO. 1 AND IMPROVEMENT AREA NO. 2 OF THE DISTRICT
Whereas, on March 23, 2021, the City Council of the City of Lake Elsinore (the “City Council”) adopted Resolution No. 2021-25 (the “Resolution of Intention”) stating its intention to form Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest) (“Community Facilities District No. 2021-1” or the “District”) and designate Improvement Area No. 1 (“Improvement Area No. 1”) and Improvement Area No. 2 (“Improvement Area No. 2” and together with Improvement Area No. 1, the “Improvement Areas”) therein pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”); and
Whereas, on March 23, 2021, the City Council also adopted Resolution No. 2021-26 stating its intention to incur bonded indebtedness within Improvement Area No. 1 in the amount not to exceed $14,000,000 and within Improvement Area No. 2 in the amount not to exceed $10,000,000 to finance the facilities and improvements identified in Resolution No. 2021-53 (collectively, the “Improvements”); and the incidental expenses to be incurred in financing the Improvements and forming and administering the District (the “Incidental Expenses”); and Whereas, a notice calling a public hearing on April 27, 2021, was published as required by law relative to the intention of the City Council to establish Community Facilities District No. 2021-1 and to incur bonded indebtedness within Community Facilities District No. 2021-1 for the Improvement Areas; and
Whereas, on April 27, 2021, the City Council conducted a noticed public hearing to determine whether it should proceed with the establishment of Community Facilities District No. 2021-1, issue bonds for the benefit of Community Facilities District No. 2021-1 to pay for the Improvements and Incidental Expenses and authorize the rate and method of apportionment of the special taxes for Improvement Area No. 1 in the form attached as Attachment C to the Resolution of Intention (the “Improvement Area No. 1 Rate and Method”) and the rate and method of apportionment of the special taxes for Improvement Area No. 2 in the form attached as Attachment D to the Resolution of Intention (the “Improvement Area No. 2 Rate and Method”) to be levied within Improvement Area No. 1 and Improvement Area No. 2, respectively, for the purposes described in the Resolution of Formation (defined below); and Whereas, at the April 27, 2021, public hearing all persons desiring to be heard on all matters pertaining to the establishment of Community Facilities District No. 2021-1, the levy of the special taxes in accordance with the Improvement Area No. 1 Rate and Method and the CC Reso. No. 2025-

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3 Improvement Area No. 2 Rate and Method and the issuance of bonds within Community Facilities District No. 2021-1 for Improvement Area No. 1 and Improvement Area No. 2 to pay for the cost of the proposed Improvements and Incidental Expenses were heard and a full and fair hearing was held; and
Whereas, after the public hearing, on April 27, 2021, the City Council adopted Resolution Nos. 2021-53 (the “Resolution of Formation”) and 2021-54 which formed the District, designated Improvement Area No. 1 and Improvement Area No. 2 therein and called a special election on April 27, 2021, within each of Improvement Area No. 1 and Improvement Area No. 2 on propositions relating to the levying of the special taxes, the incurring of bonded indebtedness and the establishment of an appropriations limit for the District, which were approved by more than two-thirds vote by the qualified electors on April 27, 2021; and Whereas, pursuant to Resolution No. 2021-55, adopted on April 27, 2021, the City Council, acting as the legislative body of Community Facilities District No. 2021-1, declared the results of the special elections and directed the recording of notices of special tax liens within Improvement Area No. 1 and Improvement Area No. 2 of Community Facilities District No. 2021-1; and
Whereas, on December 14, 2021, the City Council, acting as the legislative body of Community Facilities District No. 2021-1, adopted Resolution No. 2021-130, stating its intention to consider the approval of an Amended and Restated Rate and Method of Apportionment for each of Improvement Area No. 1 and Improvement Area No. 2 (the “Amended and Restated Rate and Methods”); and
Whereas, a notice calling a public hearing on January 25, 2022, was published as required by law relative to the intention of the City Council to consider the approval of the Amended and Restated Rate and Methods; and
Whereas, on January 25, 2022, this Council conducted a noticed public hearing to determine whether it should proceed with the approval of the Amended and Restated Rate and Methods; and
Whereas, at the January 25, 2022, public hearing all persons desiring to be heard on all matters pertaining to the approval of the Amended and Restated Rate and Methods were heard and a full and fair hearing was held; and
Whereas, after the public hearing, on January 25, 2022 the City Council adopted Resolution No. 2022-9 which approved the Amended and Restated Rate and Method and called a special election on January 25, 2022, within each of Improvement Area No. 1 and Improvement Area No. 2 on a proposition relating to the approval of the Amended and Restated Rate and Method, which was approved by more than two-thirds vote by the qualified electors on January 25, 2022; and
Whereas, pursuant to Resolution No. 2022-10, adopted on January 25, 2022, the City Council, acting as the legislative body of Community Facilities District No. 2021-1, declared the results of the special elections and directed the recording of notices of special tax liens within Improvement Area No. 1 and Improvement Area No. 2 of Community Facilities District No. 2021-1; and
CC Reso. No. 2025-

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3 Whereas, the District has received a petition signed by KB HOME Cal Management Services LLC, a Delaware limited liability company (the “Owner”), which owns all of the land within Community Facilities District No. 2021-1, the boundaries of which are described herein in Attachment “A,” which petition meets the requirements of Section 53332 of the Act, requesting that the District initiate proceedings to approve the new rate and method of apportionment for Improvement Area No. 1, attached hereto as Attachment “B” (the “Second Amended and Restated Improvement Area No. 1 Rate and Method”) and the new rate and method of apportionment for Improvement Area No. 2, attached hereto as Attachment “C” (the “Second Amended and Restated Improvement Area No. 2 Rate and Method”); and Whereas, the City Council previously approved the form of a Joint Community Facilities Agreement (the “JCFA”) to be entered into by the District, the Owner and the Elsinore Valley Municipal Water District (the “Water District”) relating to certain facilities proposed to be financed by the District and owned and operated by the Water District, and the City Council, acting as the legislative body of the District, desires to authorize certain revisions to the JCFA, which revisions are included in the form of JCFA on file with the City Clerk;

NOW, THEREFORE, THE CITY COUNCIL, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2021-1 OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST), DOES HEREBY RESOLVE, ORDER AND DETERMINE AS FOLLOWS:

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

Section 2. The City Council, acting as the legislative body of the District, declares its intention to conduct proceedings pursuant to the Act to consider (i) amending and restating the Amended and Restated Improvement Area No. 1 Rate and Method with the Second Amended and Restated Improvement Area No. 1 Rate and Method and amending and restating the Amended and Restated Improvement Area No. 2 Rate and Method with the Second Amended and Restated Improvement Area No. 2 Rate and Method and (ii) amending the authorized indebtedness for Improvement Area No. 1 from $14,000,000 to $16,000,000 and amending the authorized indebtedness for Improvement Area No. 2 from $10,000,000 to $12,000,000.

Section 3. The Improvements proposed to be provided within the District are public facilities as defined in the Act. The Improvements and Incidental Expenses authorized to be financed by the District are described in the Resolution of Formation. The City and the Water District, with respect to certain water and sewer facilities, are authorized by law to construct, acquire, own and operate the Improvements for the benefit of the District.

Section 4. A public hearing (the “Hearing”) on the levy of special taxes in Improvement Area No. 1 in accordance with the Second Amended and Restated Improvement Area No. 1 Rate and Method and in Improvement Area No. 2 in accordance with the Second Amended and Restated Improvement Area No. 2 Rate and Method, increasing the authorized bonded indebtedness limit with respect to Improvement Area No. 1 and with respect to Improvement Area No. 2, shall be held at 7:00 p.m., or as soon thereafter as practicable, on July 8, 2025, at the City Cultural Center, 183 North Main Street, Lake Elsinore, California. Should the City Council determine to submit the proposed Second Amended and Restated Improvement Area No. 1 Rate and Method to the qualified electors of Improvement Area No. 1, a special election will be held within Improvement Area No. 1 to authorize the Second Amended and Restated Improvement Area No. 1 Rate and Method and to authorize increasing the authorized CC Reso. No. 2025-

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3 indebtedness for Improvement Area No. 1 from $14,000,000 to $16,000,000 in accordance with the procedures contained in Government Code Section 53326. If such election is held, the proposed voting procedure at the election will be a landowner vote with each landowner who is the owner of record of land within Improvement Area No. 1 at the close of the Hearing, or the authorized representative thereof, having one vote for each acre or portion thereof owned within Improvement Area No. 1.

Should the City Council determine to submit the proposed Second Amended and Restated Improvement Area No. 2 Rate and Method to the qualified electors of Improvement Area No. 2, a special election will be held within Improvement Area No. 2 to authorize the Second Amended and Restated Improvement Area No. 2 Rate and Method and to authorize increasing the authorized indebtedness for Improvement Area No. 2 from $10,000,000 to $12,000,000 in accordance with the procedures contained in Government Code Section 53326. If such election is held, the proposed voting procedure at the election will be a landowner vote with each landowner who is the owner of record of land within Improvement Area No. 2 at the close of the Hearing, or the authorized representative thereof, having one vote for each acre or portion thereof owned within Improvement Area No. 2.

Ballots for each special election may be distributed by mail or by personal service.

Section 5. At the time and place set forth above for the Hearing, any interested person, including all persons owning lands or registered to vote within the District, may appear and be heard.

Section 6. The City Clerk is hereby directed to publish a notice (the “Notice”) of the Hearing pursuant to Section 6061 of the Government Code in a newspaper of general circulation published in the area within Community Facilities District No. 2021-1. The City Clerk is further directed to mail a copy of the Notice to each of the landowners within the boundaries of Community Facilities District No. 2021-1 at least 15 days prior to the Hearing. The Notice shall contain the text or a summary of this Resolution, the time and place of the Hearing, a statement that the testimony of all interested persons or taxpayers will be heard, a description of the protest rights of the registered voters and landowners in the District and a description of the proposed voting procedure for the elections required by the Act. Such publication shall be completed at least seven (7) days prior to the date of the Hearing.

Section 7. Effective Date. This Resolution shall take effect immediately upon its adoption.

Section 8. The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, on this 10th day of June 2025.
_____________________________
Brian Tisdale
Mayor
CC Reso. No. 2025-

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3 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. 2025-______ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of June 10, 2025 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________________
Candice Alvarez, MMC
City Clerk
A-1
4880-7873-3828v5/022042-0035
ATTACHMENT “A”

DESCRIPTION OF PROPERTY WITHIN THE DISTRICT
Real property in the City of Lake Elsinore, County of Riverside, State of California, described as follows:

Improvement Area No. 1
349-240-006
349-380-024
349-380-025
349-240-043
349-240-044
349-240-045
349-240-046
349-240-047
349-240-054
349-240-055
349-240-056
Improvement Area No. 2
349-240-034
349-240-038
349-240-072
349-240-075
B-1
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ATTACHMENT “B”

PROPOSED SECOND AMENDED AND RESTATED

RATE AND METHOD OF APPORTIONMENT OF
COMMUNITY FACILITIES DISTRICT NO. 2021-1

OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST)
IMPROVEMENT AREA NO. 1
A Special Tax (all capitalized terms are defined in Section A, “Definitions”, below) shall be applicable to each Assessor’s Parcel of Taxable Property located within the boundaries of the City of Lake Elsinore Community Facilities District No. 2021-1 (Tuscany Valley/Crest) ("CFD No. 2021-1 IA 1"). The amount of Special Tax to be levied in each Fiscal Year on an Assessor’s Parcel shall be determined by the City Council of the City of Lake Elsinore, acting in its capacity as the legislative body of CFD No. 2021-1 IA 1, by applying the appropriate Special Tax for Developed Property, Approved Property, Undeveloped Property, and Provisional Undeveloped Property that is not Exempt Property as set forth below. All of the real property, unless exempted by law or by the provisions hereof in Section F, shall be taxed for the purposes, to the extent and in the manner herein provided.

A. DEFINITIONS
The terms hereinafter set forth have the following meanings:
"Acre or Acreage" means the land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map or instrument. The square footage of an Assessor’s Parcel is equal to the Acreage multiplied by 43,560. "Act" means the Mello-Roos Communities Facilities Act of 1982, as amended, being Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the Government Code of the State of California.
"Administrative Expenses" means the following actual or reasonably estimated costs directly related to the administration of CFD No. 2021-1 IA 1: the costs of computing the Special Taxes and preparing the Special Tax collection schedules (whether by the City or designee thereof or both); the costs of collecting the Special Taxes (whether by the City or otherwise); the costs of remitting Special Taxes to the Trustee; the costs of the Trustee (including legal counsel) in the discharge of the duties required of it under the Indenture; the costs to the City, CFD No. 2021-1 IA 1 or any designee thereof of complying with arbitrage rebate requirements; the costs to the City, CFD No. 2021-1 IA 1 or any designee thereof of complying with disclosure requirements of the City, CFD No. 2021-1 IA 1 or obligated persons associated with applicable federal and state securities laws and the Act; the costs associated with preparing Special Tax disclosure statements and responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2021-1 IA 1 or any designee thereof related to an appeal of the Special Tax; the costs associated with the release of funds from an escrow account; and the City’s annual administration fees and third party expenses. Administration Expenses shall also include amounts estimated by the CFD Administrator or advanced by the City or CFD No. 2021-1 IA 1 for any other administrative purposes of CFD No. 2021-1 IA 1, including attorney’s fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. "Approved Property" means all Assessor’s Parcels of Taxable Property: (i) that are included in a Final Map that was recorded prior to the January 1st preceding the Fiscal Year in which the Special Tax is being B-2
4880-7873-3828v5/022042-0035
levied, (ii) and has an assigned Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) that have not been issued a building permit on or before May 1st preceding the Fiscal Year in which the Special Tax is being levied. "Assessor’s Parcel" means a lot or parcel of land designated on an Assessor’s Parcel Map with an assigned Assessor’s Parcel Number.
"Assessor’s Parcel Map" means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.
"Assessor’s Parcel Number" means that number assigned to an Assessor’s Parcel by the County for purposes of identification.
"Assigned Special Tax" means the Special Tax of that name described in Section D below. "Backup Special Tax" means the Special Tax of that name described in Section D below. "Boundary Map" means a recorded map of the CFD which indicates the boundaries of the CFD. "Building Permit" means the first legal document issued by a local agency giving official permission for new construction. For purposes of this definition, “Building Permit” may or may not include any subsequent building permit document(s) authorizing new construction on an Assessor’s Parcel that are issued or changed by the City after the first original issuance, as determined by the CFD Administrator as necessary to fairly allocate Special Tax to the Assessor’s Parcel, provided that following such determination the Maximum Special Tax that may be levied on all Assessor’s Parcels of Taxable Property will be at least 1.1 times maximum annual debt service on all outstanding CFD No. 2021-1 IA 1 Bonds plus the estimated annual Administrative Expenses.
"Building Square Footage" or "BSF" means the square footage of assessable internal living space, exclusive of garages or other structures not used as living space, as determined by reference to the Building Permit for such Assessor’s Parcel.
"Calendar Year" means the period commencing January 1 of any year and ending the following December 31.
“CFD Administrator" means an official of the City, or designee thereof, responsible for determining the Special Tax Requirement, and providing for the levy and collection of the Special Taxes. "CFD” or “CFD No. 2021-1 IA 1" means Improvement Area No. 1 of CFD No. 2021-1 as identified on the boundary map for CFD No. 2021-1.
“CFD No. 2021-1" means Community Facilities District No. 2021-1 (Tuscany Valley/Crest) established by the City under the Act.
"CFD No. 2021-1 IA 1 Bonds" means any obligation to repay a sum of money, including obligations in the form of bonds, notes, certificates of participation, long-term leases, loans from government agencies, or loans from banks, other financial institutions, private businesses, or individuals, or long- term contracts, or any refunding thereof, to which Special Tax of CFD No. 2021-1 IA 1 have been pledged.

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“City” means the City of Lake Elsinore.
"City Council" means the City Council of the City of Lake Elsinore, acting as the Legislative Body of CFD No. 2021-1 IA 1.
“Condominium Plan" means a condominium plan as set forth in the California Civil Code, Section 6624. "County" means the County of Riverside.
"Developed Property" means all Assessor’s Parcels that: (i) are included in a Final Map that was recorded prior to the January 1 st preceding the Fiscal Year in which the Special Tax is being levied, and (ii) has an Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) a Building Permit for new construction was issued on or before May 1st preceding the Fiscal Year in which the Special Tax is being levied. "Exempt Property" means all Assessor’s Parcels designated as being exempt from Special Taxes as provided for in Section F.
"Final Map" means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a Condominium Plan pursuant to California Civil Code Section 6624 that creates individual lots for which Building Permits may be issued without further subdivision. "Fiscal Year" means the period commencing on July 1st of any year and ending the following June 30th. “Indenture” means the indenture, fiscal agent agreement, resolution or other instrument pursuant to which Bonds are issued, as modified, amended and/or supplemented from time to time, and any instrument replacing or supplementing the same.
“Land Use Category” means any of the categories listed in Table 1 of Section D. "Maximum Special Tax" means for each Assessor’s Parcel, the maximum Special Tax, determined in accordance with Section D below, that can be levied by CFD No. 2021-1 IA 1 in any Fiscal Year on such Assessor’s Parcel.
“Multifamily Property” means all Assessor’s Parcels of Developed Property for which a Building Permit has been issued for the purpose of constructing a building or buildings comprised of attached Residential Units available for rental by the general public, not for sale to an end user, and under common management, as determined by the CFD Administrator. "Non-Residential Property" or “NR” means all Assessor's Parcels for which a building permit(s) was issued or will be issued for a non-residential use. The CFD Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property.
"Partial Prepayment Amount" means the amount required to prepay a portion of the Special Tax obligation for an Assessor’s Parcel, as described in Section G.2. "Prepayment Amount" means the amount required to prepay the Special Tax obligation in full for an Assessor’s Parcel, as described in Section G.1.

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4880-7873-3828v5/022042-0035
“Proportionately” means for Taxable Property that is (i) Developed Property, that the ratio of the actual Special Tax levy to the Assigned Special Tax is the same for all Assessor’s Parcels of Developed Property, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Assessor’s Parcels of Approved Property, and (iii) Undeveloped Property, or Provisional Undeveloped Property, that the ratio of the actual Special Tax levy per Acre to the Maximum Special Tax per Acre is the same for all Assessor’s Parcels of Undeveloped Property, or Provisional Undeveloped Property, as applicable.
"Provisional Undeveloped Property" means all Assessor’s Parcels of Taxable Property that would otherwise be classified as Exempt Property pursuant to the provisions of Section F, but cannot be classified as Exempt Property because to do so would be reduce the Acreage of all Taxable Property below the required minimum Acreage set forth in Sections F. "Rate and Method of Apportionment" means this Second Amended and Restated Rate and Method of Apportionment of Special Tax for CFD No. 2021-1 IA 1.
"Residential Property" means all Assessor’s Parcels of Developed Property for which a building permit has been issued for purposes of constructing one or more Residential Units. “Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the CFD Administrator. “Single Family Residential Property” means all Assessor’s Parcels of Residential Property other than Multifamily Property.
"Special Tax" means any of the special taxes authorized to be levied within CFD No. 2021-1 IA 1 pursuant to the Act to fund the Special Tax Requirement. "Special Tax Requirement " means the amount required in any Fiscal Year to pay: (i) the debt service or the periodic costs on all outstanding CFD No. 2021-1 IA 1 Bonds due in the Calendar Year that commences in such Fiscal Year, (ii) Administrative Expenses, (iii) the costs associated with the release of funds from an escrow account, (iv) any amount required to replenish any reserve funds established in association with the CFD No. 2021-1 IA 1 Bonds, (v) an amount equal to any anticipated shortfall due to Special Tax delinquencies, and (vi) for the collection or accumulation of funds for the acquisition or construction of facilities authorized by CFD No. 2021-1 IA 1 or the payment of debt service on CFD No. 2021-1 IA 1 Bonds anticipated to be issued, provided that the inclusion of such amount does not cause an increase in the levy of Special Tax on Approved Property or Undeveloped Property as set forth in Steps Two or Three of Section E., less (vii) any amounts available to pay debt service or other periodic costs on the CFD No. 2021-1 IA 1 Bonds pursuant to the Indenture. "Taxable Property" means all Assessor’s Parcels within CFD No. 2021-1 IA 1, which are not Exempt Property.
“Taxable Unit” means either a Residential Unit or an Acre. "Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.

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4880-7873-3828v5/022042-0035
“Trustee” means the trustee, fiscal agent, or paying agent under the Indenture. "Undeveloped Property" means all Assessor’s Parcels of Taxable Property which are not Developed Property, Approved Property, Provisional Undeveloped Property.

B. SPECIAL TAX
Commencing Fiscal Year 2025-2026 and for each subsequent Fiscal Year, the City Council shall levy Special Taxes on all Taxable Property, up to the applicable Maximum Special Tax, to fund the Special Tax Requirement.

C. ASSIGNMENT TO LAND USE CATEGORY FOR SPECIAL TAX
Each Fiscal Year, beginning with Fiscal Year 2025-2026, each Assessor’s Parcel within CFD No. 2021-1 IA 1 shall be classified as Taxable Property or Exempt Property. In addition, each Assessor’s Parcel of Taxable Property shall be further classified as Developed Property, Approved Property, Undeveloped Property or Provisional Undeveloped Property.

Assessor’s Parcels of Developed Property shall further be classified as Residential Property or Non- Residential Property. Each Assessor’s Parcel of Residential Property shall further be classified as Single Family Residential Property or Multifamily Property. Each Assessor’s Parcel of Single Family Residential Property shall be further categorized into Land Use Categories based on its Building Square Footage and assigned to its appropriate Assigned Special Tax rate.

In the event that an Assessor’s Parcel for which one or more Building Permits have been issued and the County has not yet assigned final Assessor’s Parcel Number(s) to the Residential Unit(s) (in accordance with the Final Map or Condominium Plan) on such Assessor’s Parcel, the amount of the Special Tax levy on such Assessor’s Parcel for each Fiscal Year shall be determined as follows: (1) the CFD Administrator shall first determine an amount of the Maximum Special Tax levy for such Assessor’s Parcel, based on the classification of such Assessor’s Parcel as Undeveloped Property; (2) the amount of the Special Tax levy for the Residential Units on such Assessor’s Parcel for which Building Permits have been issued shall be determined based on the Developed Property Special Tax rates and shall be taxed as Developed Property in accordance with Step 1 of Section E below; and (3) the amount of the Special Tax levy on the Taxable Property in such Assessor’s Parcel not subject to the Special Tax levy in clause (2) shall be equal to: (A) the percentage of the Maximum Special Tax rate levied on all other Undeveloped Property multiplied by the total of the amount determined in clause (1), less the amount determined in clause (2).

D. MAXIMUM SPECIAL TAX

1. Developed Property
The Maximum Special Tax for each Assessor’s Parcel of Single Family Residential Property in any Fiscal Year shall be the greater of (i) the Assigned Special Tax or (ii) the Backup Special Tax.

The Maximum Special Tax for each Assessor’s Parcel of Non-Residential or Multifamily Residential Property shall be the applicable Assigned Special Tax described in Table 1 of Section D. a. Assigned Special Tax
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Each Fiscal Year, each Assessor’s Parcel of Single Family Residential Property, Multifamily Property or Non-Residential shall be subject to an Assigned Special Tax. The Assigned Special Tax applicable to an Assessor's Parcel of Developed Property shall be determined pursuant to Table 1 below.

TABLE 1

ASSIGNED SPECIAL TAX FOR DEVELOPED PROPERTY
Land Use Category
Taxable
Unit Building Square Footage
Assigned
Special Tax Per
Taxable Unit

1. Single Family Residential Property RU Less than 1,600 sq. ft $3,457

2. Single Family Residential Property RU 1,600 sq. ft to 1,750 sq. ft $3,563

3. Single Family Residential Property RU 1,751 sq. ft to 1,900 sq. ft $3,748

4. Single Family Residential Property RU 1,901 sq. ft to 2,050 sq. ft $3,913

5. Single Family Residential Property RU 2,051 sq. ft to 2,200 sq. ft $3,966

6. Single Family Residential Property RU 2,201 sq. ft to 2,350 sq. ft $4,020

7. Single Family Residential Property RU 2,351 sq. ft to 2,500 sq. ft $4,204

8. Single Family Residential Property RU 2,501 sq. ft to 2,650 sq. ft $4,302

9. Single Family Residential Property RU 2,651 sq. ft to 2,800 sq. ft $4,438

10. Single Family Residential Property RU 2,801 sq. ft to 2,950 sq. ft $4,574

11. Single Family Residential Property RU Greater than 2,950 sq. ft $4,719

12. Multifamily Property Acre N/A $31,949

13. Non-Residential Property Acre N/A $31,949
On each July 1, commencing July 1, 2026, the Assigned Special Tax rate for Developed Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year. b. Multiple Land Use Categories
In some instances an Assessor’s Parcel of Developed Property may contain more than one Land Use Type. The Maximum Special Tax levied on an Assessor’s Parcel shall be the sum of the Maximum Special Tax for all Land Use Categories located on the Assessor’s Parcel. The CFD Administrator’s allocation to each type of property shall be final.
c. Backup Special Tax
The Backup Special Tax for an Assessor’s Parcel within a Final Map classified or to be classified as Single Family Property shall calculated according to the following formula.

B = (U x A) / L
The terms above have the following meanings:

B = Backup Special Tax per per Assessor’s Parcel within the Final Map U = Maximum Special Tax per Acre of Undeveloped Property per Section D.3 below A = Acreage of Single Family Residential Property expected to exist in such Final Map at the time of calculation, as determined by the Administrator
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L = Number of Residential Units expected to exist in such Final Map at the time of calculation, as determined by the Administrator.

In the event any portion of the Final Map is changed or modified, the Backup Special Tax for all Assessor’s Parcels within such changed or modified area shall be $31,949 per Acre.

In the event any superseding Final Map is recorded as a Final Map within the Boundaries of the CFD, the Backup Special Tax for all Assessor’s Parcels within such Final Map shall be $31,949 per Acre. The Backup Special Tax shall not apply to Multifamily Residential Property, or Non-Residential Property.

On each July 1, commencing July 1, 2026, the Backup Special Tax rate shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

2. Approved Property
The Maximum Special Tax for each Assessor’s Parcel of Approved Property expected to be classified as Single Family Property shall be the Backup Special Tax computed pursuant to Section D.1.c above.

The Maximum Special Tax for each Assessor’s Parcel of Approved Property expected to be classified as Multifamily Residential Property or Non-Residential Property shall be $31,949 per Acre.

On each July 1, commencing July 1, 2026, the Maximum Special Tax rate for Approved Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

3. Undeveloped Property and Provisional Undeveloped Property that is not Exempt Property pursuant to the provisions of Section F
The Maximum Special Tax for each Assessor’s Parcel of Undeveloped Property and Provisional Undeveloped Property that is not Exempt Property shall be equal to the product of $31,949 multiplied by the Acreage of such Assessor’s Parcel.

On each July 1, commencing July 1, 2026, the Maximum Special Tax rate for Undeveloped and Provisional Undeveloped Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

E. METHOD OF APPORTIONMENT OF THE SPECIAL TAX
Commencing Fiscal Year 2025-2026 and for each subsequent Fiscal Year, the City Council shall levy Special Taxes on all Taxable Property in accordance with the following steps:

Step One: The Special Tax shall be levied Proportionately on each Assessor’s Parcel of Developed Property at up to 100% of the applicable Assigned Special Tax rates in Table 1 to satisfy the Special Tax Requirement.

Step Two: If additional moneys are needed to satisfy the Special Tax Requirement after the first step has been completed, the Special Tax shall be levied Proportionately on each Assessor’s Parcel of Approved Property at up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

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Step Three: If additional moneys are needed to satisfy the Special Tax Requirement after the first two steps have been completed, the Annual Special Tax shall be levied Proportionately on each Assessor’s Parcel of Undeveloped Property up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

Step Four: If additional moneys are needed to satisfy the Special Tax Requirement after the first three steps have been completed, then the Special Tax levy on each Assessor's Parcel of Developed Property for which the Maximum Special Tax is the Backup Special Tax shall be increased Proportionately from the Assigned Special Tax up to 100% of the Backup Special Tax as needed to satisfy the Special Tax Requirement.

Step Five: If additional moneys are needed to satisfy the Special Tax Requirement after the first four steps have been completed, the Special Tax shall be levied Proportionately on each Assessor’s Parcel of Provisional Undeveloped Property up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

Notwithstanding the above, under no circumstances will the Special Taxes levied in any Fiscal Year against any Assessor’s Parcel of Residential Property as a result of a delinquency in the payment of the Special Tax applicable to any other Assessor’s Parcel be increased by more than ten percent (10%) above the amount that would have been levied in that Fiscal Year had there never been any such delinquency or default.

F. EXEMPTIONS
The City shall classify as Exempt Property, in the following order of priority, (i) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by the State of California, Federal or other local governments, including school districts, (ii) Assessor’s Parcels which are used as places of worship and are exempt from ad valorem property taxes because they are owned by a religious organization, (iii) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by a homeowners' association, (iv) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement, (v) Assessor’s Parcels which are privately owned and are encumbered by or restricted solely for public uses, or (vi) Assessor’s Parcels restricted to other types of public uses determined by the City Council, provided that no such classification would reduce the sum of all Taxable Property to less than

28.95 Acres.

Notwithstanding the above, the City Council shall not classify an Assessor’s Parcel as Exempt Property if such classification would reduce the sum of all Taxable Property to less than 28.95 Acres. Assessor's Parcels which cannot be classified as Exempt Property because such classification would reduce the Acreage of all Taxable Property to less than 28.95 Acres will be classified as Provisional Undeveloped Property, and will be subject to Special Tax pursuant to Step Five in Section E.

G. PREPAYMENT OF SPECIAL TAX
The following additional definitions apply to this Section G:

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“CFD Public Facilities” means $13,500,000 expressed in 2025 dollars, which shall increase by the Construction Inflation Index on July 1, 2026, and on each July 1 thereafter, or such lower amount (i) determined by the City Council as sufficient to provide the public facilities under the authorized bonding program for CFD No. 2021-1 IA 1, or (ii) determined by the City Council concurrently with a covenant that it will not issue any more Bonds to be supported by Special Tax levied under this Rate and Method of Apportionment.
“Construction Fund” means an account specifically identified in the Indenture or functionally equivalent to hold funds, which are currently available for expenditure to acquire or construct public facilities eligible to be financed by CFD No. 2021-1 IA 1.
“Construction Inflation Index” means the annual percentage change in the Engineering News-Record Building Cost Index for the City of Los Angeles, measured as of the Calendar Year which ends in the previous Fiscal Year. In the event this index ceases to be published, the Construction Inflation Index shall be another index as determined by the City that is reasonably comparable to the Engineering News-Record Building Cost Index for the City of Los Angeles. “Future Facilities Costs” means the CFD Public Facilities minus public facility costs available to be funded through existing construction or escrow accounts funded by the Outstanding Bonds, and minus public facility costs funded by interest earnings on the Construction Fund actually earned prior to the date of prepayment.
“Outstanding Bonds” means all previously issued Bonds issued and secured by the levy of Special Tax which will remain outstanding after the first interest and/or principal payment date following the current Fiscal Year, excluding CFD No. 2021-1 IA 1 Bonds to be redeemed at a later date with the proceeds of prior prepayments of Special Tax.

1. Prepayment in Full
The Maximum Special Tax obligation may be prepaid and permanently satisfied for (i) Assessor’s Parcels of Developed Property, (ii) Assessor’s Parcels of Approved Property or Undeveloped Property for which a Building Permit has been issued, (iii) Approved Property or Undeveloped Property for which a Building Permit has not been issued and (iv) Assessor’s Parcels of Public Property or Property Owner’s Association Property, or Provisional Undeveloped Property that are not Exempt Property pursuant to Section F. The Maximum Special Tax obligation applicable to an Assessor’s Parcel may be fully prepaid and the obligation to pay the Special Tax for such Assessor’s Parcel permanently satisfied as described herein; provided that a prepayment may be made only if there are no delinquent Special Taxes with respect to such Assessor’s Parcel at the time of prepayment. An owner of an Assessor’s Parcel intending to prepay the Maximum Special Tax obligation for such Assessor’s Parcel shall provide the CFD Administrator with written notice of intent to prepay, and within 5 business days of receipt of such notice, the CFD Administrator shall notify such owner of the amount of the non-refundable deposit determined to cover the cost to be incurred by the CFD in calculating the Prepayment Amount (as defined below) for the Assessor’s Parcel. Within 15 days of receipt of such non-refundable deposit, the CFD Administrator shall notify such owner of the Prepayment Amount for the Assessor’s Parcel.

Prepayment must be made not less than 60 days prior to the redemption date for any Bonds to be redeemed with the proceeds of such prepaid Special Taxes.

The Prepayment Amount (defined below) shall be calculated as follows (capitalized terms are defined B-10
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below):

Bond Redemption Amount
plus Redemption Premium
plus Future Facilities Amount
plus Defeasance Amount
plus Administrative Fees and Expenses
less Reserve Fund Credit
Equals: Prepayment Amount
The Prepayment Amount shall be determined as of the proposed prepayment date as follows:

1. Confirm that no Special Tax delinquencies apply to such Assessor’s Parcel.

2. For an Assessor’s Parcel of Developed Property, compute the Maximum Special Tax for the Assessor’s Parcel. For an Assessor’s Parcel of Approved Property or Undeveloped Property for which a Building Permit has been issued, compute the Maximum Special Tax for the Assessor’s Parcel as though it was already designated as Developed Property, based upon the Building Permit which has been issued for the Assessor’s Parcel. For an Assessor’s Parcel of Approved Property or Undeveloped Property for which a Building Permit has not been issued, Public Property, Property Owner’s Association Property, or Provisional Undeveloped Property to be prepaid compute the Maximum Special Tax for the Assessor’s Parcel.

3. Divide the Maximum Special Tax derived pursuant to paragraph 2 by the total amount of Special Taxes that could be levied at the Maximum Special Tax at build out of all Assessor’s Parcels of Taxable Property based on the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property not including any Assessor’s Parcels for which the Special Tax obligation has been previously prepaid.

4. Multiply the quotient derived pursuant to paragraph 3 by the principal amount of the Outstanding Bonds to determine the amount of Outstanding Bonds to be redeemed with the Prepayment Amount (the “Bond Redemption Amount”).

5. Multiply the Bond Redemption Amount by the applicable redemption premium, if any, on the Outstanding Bonds to be redeemed (the “Redemption Premium”).

6. Determine the Future Facilities Costs.

7. Multiply the quotient derived pursuant to paragraph 3 by the amount determined pursuant to paragraph 6 to determine the amount of Future Facilities Costs for the Assessor’s Parcel (the “Future Facilities Amount”).

8. Determine the amount needed to pay interest on the Bond Redemption Amount from the first bond interest and/or principal payment date following the current Fiscal Year until the earliest redemption date for the Outstanding Bonds on which Bonds can be redeemed from Special Tax prepayments.

9. Determine the Special Taxes levied on the Assessor’s Parcel in the current Fiscal Year which have not yet been paid.

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10. Determine the amount the CFD Administrator reasonably expects to derive from the investment of the Bond Redemption Amount and the Redemption Premium from the date of prepayment until the redemption date for the Outstanding Bonds to be redeemed with the Prepayment Amount.

11. Add the amounts derived pursuant to paragraphs 8 and 9 and subtract the amount derived pursuant to paragraph 10 (the “Defeasance Amount”).

12. Verify the administrative fees and expenses of the CFD, including the cost of computation of the Prepayment Amount, the cost to invest the Prepayment Amount, the cost of redeeming the Outstanding Bonds, and the cost of recording notices to evidence the prepayment of the Maximum Special Tax obligation for the Assessor’s Parcel and the redemption of Outstanding Bonds (the “Administrative Fees and Expenses”).

13. The reserve fund credit (the “Reserve Fund Credit”) shall equal the lesser of: (a) the expected reduction in the reserve requirement (as defined in the Indenture), if any, associated with the redemption of Outstanding Bonds as a result of the prepayment, or (b) the amount derived by subtracting the new reserve requirement (as defined in the Indenture) in effect after the redemption of Outstanding Bonds as a result of the prepayment from the balance in the reserve fund on the prepayment date, but in no event shall such amount be less than zero.

14. The Prepayment Amount is equal to the sum of the Bond Redemption Amount, the Redemption Premium, the Future Facilities Amount, the Defeasance Amount and the Administrative Fees and Expenses, less the Reserve Fund Credit.

15. From the Prepayment Amount, the Bond Redemption Amount, the Redemption Premium, and Defeasance Amount shall be deposited into the appropriate fund as established under the Indenture and be used to redeem Outstanding Bonds or make debt service payments. The Future Facilities Amount shall be deposited into the Construction Fund. The Administrative Fees and Expenses shall be retained by the CFD.

The Prepayment Amount may be sufficient to redeem other than a $5,000 increment of Bonds. In such event, the increment above $5,000 or an integral multiple thereof will be retained in the appropriate fund established under the Indenture to be used with the next redemption from other Special Tax prepayments of Outstanding Bonds or to make debt service payments.

As a result of the payment of the current Fiscal Year’s Special Tax levy as determined pursuant to paragraph 9 above, the CFD Administrator shall remove the current Fiscal Year’s Special Tax levy for the Assessor’s Parcel from the County tax roll. With respect to any Assessor’s Parcel for which the Maximum Special Tax obligation is prepaid, the City Council shall cause a suitable notice to be recorded in compliance with the Act, to indicate the prepayment of Maximum Special Tax obligation and the release of the Special Tax lien for the Assessor’s Parcel, and the obligation to pay the Special Tax for such Assessor’s Parcel shall cease.

Notwithstanding the foregoing, no Special Tax prepayment shall be allowed unless the amount of Maximum Special Tax that may be levied on all Assessor’s Parcels of Taxable Property after the proposed prepayment will be at least 1.1 times maximum annual debt service on the Bonds that will remain outstanding after the prepayment plus the estimated annual Administrative Expenses.

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Tenders of Bonds in prepayment of the Maximum Special Tax obligation may be accepted upon the terms and conditions established by the City Council pursuant to the Act. However, the use of Bond tenders shall only be allowed on a case-by-case basis as specifically approved by the City Council.

2. Prepayment in Part
The Maximum Special Tax obligation for an Assessor’s Parcel of Developed Property, Approved Property or Undeveloped Property may be partially prepaid. For purposes of determining the partial prepayment amount, the provisions of Section G.1 shall be modified as provided by the following formula:

PP = ((PE – A) x F) + A
These terms have the following meaning:

PP = Partial Prepayment Amount
PE = the Prepayment Amount calculated according to Section G.1 F = the percent by which the owner of the Assessor’s Parcel(s) is partially prepaying the Maximum Special Tax obligation
A = the Administrative Fees and Expenses determined pursuant to Section G.1 The owner of an Assessor’s Parcel who desires to partially prepay the Maximum Special Tax obligation for the Assessor’s Parcel shall notify the CFD Administrator of (i) such owner’s intent to partially prepay the Maximum Special Tax obligation, (ii) the percentage of the Maximum Special Tax obligation such owner wishes to prepay, and (iii) the company or agency that will be acting as the escrow agent, if any.

Within 5 days of receipt of such notice, the CFD Administrator shall notify such property owner of the amount of the non-refundable deposit determined to cover the cost to be incurred by the CFD in calculating the amount of a partial prepayment. Within 15 business days of receipt of such non- refundable deposit, the CFD Administrator shall notify such owner of the amount of the Partial Prepayment Amount for the Assessor’s Parcel. A Partial Prepayment Amount must be made not less than 60 days prior to the redemption date for the Outstanding Bonds to be redeemed with the proceeds of the Partial Prepayment Amount.

With respect to any Assessor’s Parcel for which the Maximum Special Tax obligation is partially prepaid, the CFD Administrator shall (i) distribute the Partial Prepayment Amount as provided in Paragraph 15 of Section G.1, and (ii) indicate in the records of the CFD that there has been a Partial Prepayment for the Assessor’s Parcel and that a portion of the Maximum Special Tax obligation equal to the remaining percentage (1.00 - F) of the Maximum Special Tax obligation will continue to be levied on the Assessor’s Parcel pursuant to Section E.

H. TERMINATION OF SPECIAL TAX
For each Fiscal Year that any Bonds are outstanding the Special Tax shall be levied on all Assessor’s Parcels subject to the Special Tax. The Special Tax shall cease not later than the 2069-2070 Fiscal Year, however, Special Tax will cease to be levied in an earlier Fiscal Year if the CFD Administrator has determined (i) that all the required interest and principal payments on the CFD No. 2021-1 IA 1 Bonds have been paid; (ii) all authorized facilities of CFD No. 2021-1 IA 1 have been acquired and all reimbursements to the developer have been paid, (iii) no delinquent Special Tax remain uncollected and (iv) all other obligations of CFD No. 2021-1 IA 1 have been satisfied.

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I. MANNER OF COLLECTION
The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2021-1 IA 1 may collect Special Taxes at a different time or in a different manner if necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on delinquent Assessor’s Parcels as permitted by the Act.

J. APPEALS OF SPECIAL TAXES
Any taxpayer may file a written appeal of the Special Taxes on his/her Assessor’s Parcel(s) with the CFD Administrator, provided that the appellant is current in his/her payments of Special Taxes. During pendency of an appeal, all Special Taxes previously levied must be paid on or before the payment date established when the levy was made. The appeal must specify the reasons why the appellant claims the Special Tax is in error. The CFD Administrator shall review the appeal, meet with the appellant if the CFD Administrator deems necessary, and advise the appellant of its determination. If the CFD Administrator agrees with the appellant, the CFD Administrator shall grant a credit to eliminate or reduce future Special Taxes on the appellant’s Assessor’s Parcel(s). No refunds of previously paid Special Taxes shall be made.

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ATTACHMENT “C”

PROPOSED SECOND AMENDED AND RESTATED

RATE AND METHOD OF APPORTIONMENT OF
COMMUNITY FACILITIES DISTRICT NO. 2021-1

OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST)
IMPROVEMENT AREA NO. 2
A Special Tax (all capitalized terms are defined in Section A, “Definitions”, below) shall be applicable to each Assessor’s Parcel of Taxable Property located within the boundaries of the City of Lake Elsinore Community Facilities District No. 2021-1 (Tuscany Valley/Crest) ("CFD No. 2021-1 IA 2"). The amount of Special Tax to be levied in each Fiscal Year on an Assessor’s Parcel shall be determined by the City Council of the City of Lake Elsinore, acting in its capacity as the legislative body of CFD No. 2021-1 IA 2, by applying the appropriate Special Tax for Developed Property, Approved Property, Undeveloped Property, and Provisional Undeveloped Property that is not Exempt Property as set forth below. All of the real property, unless exempted by law or by the provisions hereof in Section F, shall be taxed for the purposes, to the extent and in the manner herein provided.

B. DEFINITIONS
The terms hereinafter set forth have the following meanings:
"Acre or Acreage" means the land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map or instrument. The square footage of an Assessor’s Parcel is equal to the Acreage multiplied by 43,560. "Act" means the Mello-Roos Communities Facilities Act of 1982, as amended, being Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the Government Code of the State of California.
"Administrative Expenses" means the following actual or reasonably estimated costs directly related to the administration of CFD No. 2021-1 IA 2: the costs of computing the Special Taxes and preparing the Special Tax collection schedules (whether by the City or designee thereof or both); the costs of collecting the Special Taxes (whether by the City or otherwise); the costs of remitting Special Taxes to the Trustee; the costs of the Trustee (including legal counsel) in the discharge of the duties required of it under the Indenture; the costs to the City, CFD No. 2021-1 IA 2 or any designee thereof of complying with arbitrage rebate requirements; the costs to the City, CFD No. 2021-1 IA 2 or any designee thereof of complying with disclosure requirements of the City, CFD No. 2021-1 IA 2 or obligated persons associated with applicable federal and state securities laws and the Act; the costs associated with preparing Special Tax disclosure statements and responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2021-1 IA 2 or any designee thereof related to an appeal of the Special Tax; the costs associated with the release of funds from an escrow account; and the City’s annual administration fees and third party expenses. Administration Expenses shall also include amounts estimated by the CFD Administrator or advanced by the City or CFD No. 2021-1 IA 2 for any other administrative purposes of CFD No. 2021-1 IA 2, including attorney’s fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. "Approved Property" means all Assessor’s Parcels of Taxable Property: (i) that are included in a Final Map that was recorded prior to the January 1st preceding the Fiscal Year in which the Special Tax is being C-2
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levied, (ii) and has an assigned Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) that have not been issued a building permit on or before May 1st preceding the Fiscal Year in which the Special Tax is being levied. "Assessor’s Parcel" means a lot or parcel of land designated on an Assessor’s Parcel Map with an assigned Assessor’s Parcel Number.
"Assessor’s Parcel Map" means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.
"Assessor’s Parcel Number" means that number assigned to an Assessor’s Parcel by the County for purposes of identification.
"Assigned Special Tax" means the Special Tax of that name described in Section D below. "Backup Special Tax" means the Special Tax of that name described in Section D below. "Boundary Map" means a recorded map of the CFD which indicates the boundaries of the CFD. "Building Permit" means the first legal document issued by a local agency giving official permission for new construction. For purposes of this definition, “Building Permit” may or may not include any subsequent building permit document(s) authorizing new construction on an Assessor’s Parcel that are issued or changed by the City after the first original issuance, as determined by the CFD Administrator as necessary to fairly allocate Special Tax to the Assessor’s Parcel, provided that following such determination the Maximum Special Tax that may be levied on all Assessor’s Parcels of Taxable Property will be at least 1.1 times maximum annual debt service on all outstanding CFD No. 2021-1 IA 2 Bonds plus the estimated annual Administrative Expenses.
"Building Square Footage" or "BSF" means the square footage of assessable internal living space, exclusive of garages or other structures not used as living space, as determined by reference to the Building Permit for such Assessor’s Parcel.
"Calendar Year" means the period commencing January 1 of any year and ending the following December 31.
“CFD Administrator" means an official of the City, or designee thereof, responsible for determining the Special Tax Requirement, and providing for the levy and collection of the Special Taxes. "CFD” or “CFD No. 2021-1 IA 2" means Improvement Area No. 2 of CFD No. 2021-1 as identified on the boundary map for CFD No. 2021-1.
“CFD No. 2021-1" means Community Facilities District No. 2021-1 (Tuscany Valley/Crest) established by the City under the Act.
"CFD No. 2021-1 IA 2 Bonds" means any obligation to repay a sum of money, including obligations in the form of bonds, notes, certificates of participation, long-term leases, loans from government agencies, or loans from banks, other financial institutions, private businesses, or individuals, or long- term contracts, or any refunding thereof, to which Special Tax of CFD No. 2021-1 IA 2 have been pledged.

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“City” means the City of Lake Elsinore.
"City Council" means the City Council of the City of Lake Elsinore, acting as the Legislative Body of CFD No. 2021-1 IA 2.
“Condominium Plan" means a condominium plan as set forth in the California Civil Code, Section 6624. "County" means the County of Riverside.
"Developed Property" means all Assessor’s Parcels that: (i) are included in a Final Map that was recorded prior to the January 1 st preceding the Fiscal Year in which the Special Tax is being levied, and (ii) has an Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) a Building Permit for new construction was issued on or before May 1st preceding the Fiscal Year in which the Special Tax is being levied. "Exempt Property" means all Assessor’s Parcels designated as being exempt from Special Taxes as provided for in Section F.
"Final Map" means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a Condominium Plan pursuant to California Civil Code Section 6624 that creates individual lots for which Building Permits may be issued without further subdivision. "Fiscal Year" means the period commencing on July 1st of any year and ending the following June 30th. “Indenture” means the indenture, fiscal agent agreement, resolution or other instrument pursuant to which Bonds are issued, as modified, amended and/or supplemented from time to time, and any instrument replacing or supplementing the same.
“Land Use Category” means any of the categories listed in Table 1 of Section D. "Maximum Special Tax" means for each Assessor’s Parcel, the maximum Special Tax, determined in accordance with Section D below, that can be levied by CFD No. 2021-1 IA 2 in any Fiscal Year on such Assessor’s Parcel.
“Multifamily Property” means all Assessor’s Parcels of Developed Property for which a Building Permit has been issued for the purpose of constructing a building or buildings comprised of attached Residential Units available for rental by the general public, not for sale to an end user, and under common management, as determined by the CFD Administrator. "Non-Residential Property" or “NR” means all Assessor's Parcels for which a building permit(s) was issued or will be issued for a non-residential use. The CFD Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property.
"Partial Prepayment Amount" means the amount required to prepay a portion of the Special Tax obligation for an Assessor’s Parcel, as described in Section G.2.

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"Prepayment Amount" means the amount required to prepay the Special Tax obligation in full for an Assessor’s Parcel, as described in Section G.1.
“Proportionately” means for Taxable Property that is (i) Developed Property, that the ratio of the actual Special Tax levy to the Assigned Special Tax is the same for all Assessor’s Parcels of Developed Property, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Assessor’s Parcels of Approved Property, and (iii) Undeveloped Property, or Provisional Undeveloped Property, that the ratio of the actual Special Tax levy per Acre to the Maximum Special Tax per Acre is the same for all Assessor’s Parcels of Undeveloped Property, or Provisional Undeveloped Property, as applicable.
"Provisional Undeveloped Property" means all Assessor’s Parcels of Taxable Property that would otherwise be classified as Exempt Property pursuant to the provisions of Section F, but cannot be classified as Exempt Property because to do so would be reduce the Acreage of all Taxable Property below the required minimum Acreage set forth in Sections F. "Rate and Method of Apportionment" means this Second Amended and Restated Rate and Method of Apportionment of Special Tax for CFD No. 2021-1 IA 2.
"Residential Property" means all Assessor’s Parcels of Developed Property for which a building permit has been issued for purposes of constructing one or more Residential Units. “Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the CFD Administrator. “Single Family Residential Property” means all Assessor’s Parcels of Residential Property other than Multifamily Property.
"Special Tax" means any of the special taxes authorized to be levied within CFD No. 2021-1 IA 2 pursuant to the Act to fund the Special Tax Requirement. "Special Tax Requirement " means the amount required in any Fiscal Year to pay: (i) the debt service or the periodic costs on all outstanding CFD No. 2021-1 IA 2 Bonds due in the Calendar Year that commences in such Fiscal Year, (ii) Administrative Expenses, (iii) the costs associated with the release of funds from an escrow account, (iv) any amount required to replenish any reserve funds established in association with the CFD No. 2021-1 IA 2 Bonds, (v) an amount equal to any anticipated shortfall due to Special Tax delinquencies, and (vi) for the collection or accumulation of funds for the acquisition or construction of facilities authorized by CFD No. 2021-1 IA 2 or the payment of debt services on CFD No. 2021-1 IA 2 Bonds anticipated to be issued, provided that the inclusion of such amount does not cause an increase in the levy of Special Tax on Approved Property or Undeveloped Property as set forth in Steps Two or Three of Section E., less (vii) any amounts available to pay debt service or other periodic costs on the CFD No. 2021-1 IA 2 Bonds pursuant to the Indenture. "Taxable Property" means all Assessor’s Parcels within CFD No. 2021-1 IA 2, which are not Exempt Property.
“Taxable Unit” means either a Residential Unit or an Acre. "Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.

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“Trustee” means the trustee, fiscal agent, or paying agent under the Indenture. "Undeveloped Property" means all Assessor’s Parcels of Taxable Property which are not Developed Property, Approved Property, Provisional Undeveloped Property.

C. ASSIGNMENT TO LAND USE CATEGORY FOR SPECIAL TAX
Each Fiscal Year, beginning with Fiscal Year 2025-2026, each Assessor’s Parcel within CFD No. 2021-1 IA 2 shall be classified as Taxable Property or Exempt Property. In addition, each Assessor’s Parcel of Taxable Property shall be further classified as Developed Property, Approved Property, Undeveloped Property or Provisional Undeveloped Property.

D. MAXIMUM SPECIAL TAX

4. Developed Property
The Maximum Special Tax for each Assessor’s Parcel of Single Family Residential Property in any Fiscal Year shall be the greater of (i) the Assigned Special Tax or (ii) the Backup Special Tax.

The Maximum Special Tax for each Assessor’s Parcel of Non-Residential or Multifamily Residential Property shall be the applicable Assigned Special Tax described in Table 1 of Section D. b. Assigned Special Tax
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Each Fiscal Year, each Assessor’s Parcel of Single Family Residential Property, Multifamily Property or Non-Residential shall be subject to an Assigned Special Tax. The Assigned Special Tax applicable to an Assessor's Parcel of Developed Property shall be determined pursuant to Table 1 below.

TABLE 1

ASSIGNED SPECIAL TAX FOR DEVELOPED PROPERTY
Land Use Category
Taxable
Unit Building Square Footage
Assigned
Special Tax Per
Taxable Unit

2. Single Family Residential Property RU Less than 1,600 sq. ft $3,619

2. Single Family Residential Property RU 1,600 sq. ft to 1,750 sq. ft $3,726

3. Single Family Residential Property RU 1,751 sq. ft to 1,900 sq. ft $3,911

4. Single Family Residential Property RU 1,901 sq. ft to 2,050 sq. ft $4,076

5. Single Family Residential Property RU 2,051 sq. ft to 2,200 sq. ft $4,130

6. Single Family Residential Property RU 2,201 sq. ft to 2,350 sq. ft $4,183

7. Single Family Residential Property RU 2,351 sq. ft to 2,500 sq. ft $4,368

8. Single Family Residential Property RU 2,501 sq. ft to 2,650 sq. ft $4,465

9. Single Family Residential Property RU 2,651 sq. ft to 2,800 sq. ft $4,601

10. Single Family Residential Property RU 2,801 sq. ft to 2,950 sq. ft $4,737

11. Single Family Residential Property RU Greater than 2,950 sq. ft $4,882

12. Multifamily Property Acre N/A $31,711

13. Non-Residential Property Acre N/A $31,711
On each July 1, commencing July 1, 2026, the Assigned Special Tax rate for Developed Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year. b. Multiple Land Use Categories
In some instances an Assessor’s Parcel of Developed Property may contain more than one Land Use Type. The Maximum Special Tax levied on an Assessor’s Parcel shall be the sum of the Maximum Special Tax for all Land Use Categories located on the Assessor’s Parcel. The CFD Administrator’s allocation to each type of property shall be final.
c. Backup Special Tax
The Backup Special Tax for an Assessor’s Parcel within a Final Map classified or to be classified as Single Family Property shall calculated according to the following formula.

B = (U x A) / L
The terms above have the following meanings:

B = Backup Special Tax per per Assessor’s Parcel within the Final Map U = Maximum Special Tax per Acre of Undeveloped Property per Section D.3 below A = Acreage of Single Family Residential Property expected to exist in such Final Map at the time of calculation, as determined by the Administrator
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L = Number of Residential Units expected to exist in such Final Map at the time of calculation, as determined by the Administrator.

In the event any portion of the Final Map is changed or modified, the Backup Special Tax for all Assessor’s Parcels within such changed or modified area shall be $31,711 per Acre.

In the event any superseding Final Map is recorded as a Final Map within the Boundaries of the CFD, the Backup Special Tax for all Assessor’s Parcels within such Final Map shall be $31,711 per Acre. The Backup Special Tax shall not apply to Multifamily Residential Property, or Non-Residential Property.

On each July 1, commencing July 1, 2026, the Backup Special Tax rate shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

5. Approved Property
The Maximum Special Tax for each Assessor’s Parcel of Approved Property expected to be classified as Single Family Property shall be the Backup Special Tax computed pursuant to Section D.1.c above.

The Maximum Special Tax for each Assessor’s Parcel of Approved Property expected to be classified as Multifamily Residential Property or Non-Residential Property shall be $31,711 per Acre.

On each July 1, commencing July 1, 2026, the Maximum Special Tax rate for Approved Property shall be increased by two percent (2.00%) of the amount in effect in the prior Fiscal Year.

6. Undeveloped Property and Provisional Undeveloped Property that is not Exempt Property pursuant to the provisions of Section F
The Maximum Special Tax for each Assessor’s Parcel of Undeveloped Property and Provisional Undeveloped Property that is not Exempt Property shall be equal to the product of $31,711 multiplied by the Acreage of such Assessor’s Parcel.

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Step Three: If additional moneys are needed to satisfy the Special Tax Requirement after the first two steps have been completed, the Annual Special Tax shall be levied Proportionately on each Assessor’s Parcel of Undeveloped Property up to 100% of the Maximum Special Tax applicable to each such Assessor’s Parcel as needed to satisfy the Special Tax Requirement.

19.51 Acres.

Notwithstanding the above, the City Council shall not classify an Assessor’s Parcel as Exempt Property if such classification would reduce the sum of all Taxable Property to less than 19.51 Acres. Assessor's Parcels which cannot be classified as Exempt Property because such classification would reduce the Acreage of all Taxable Property to less than 19.51 Acres will be classified as Provisional Undeveloped Property, and will be subject to Special Tax pursuant to Step Five in Section E.

G. PREPAYMENT OF SPECIAL TAX
The following additional definitions apply to this Section G:

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“CFD Public Facilities” means $9,000,000 expressed in 2025 dollars, which shall increase by the Construction Inflation Index on July 1, 2026, and on each July 1 thereafter, or such lower amount (i) determined by the City Council as sufficient to provide the public facilities under the authorized bonding program for CFD No. 2021-1 IA 2, or (ii) determined by the City Council concurrently with a covenant that it will not issue any more Bonds to be supported by Special Tax levied under this Rate and Method of Apportionment.
“Construction Fund” means an account specifically identified in the Indenture or functionally equivalent to hold funds, which are currently available for expenditure to acquire or construct public facilities eligible to be financed by CFD No. 2021-1 IA 2.
“Construction Inflation Index” means the annual percentage change in the Engineering News-Record Building Cost Index for the City of Los Angeles, measured as of the Calendar Year which ends in the previous Fiscal Year. In the event this index ceases to be published, the Construction Inflation Index shall be another index as determined by the City that is reasonably comparable to the Engineering News-Record Building Cost Index for the City of Los Angeles. “Future Facilities Costs” means the CFD Public Facilities minus public facility costs available to be funded through existing construction or escrow accounts funded by the Outstanding Bonds, and minus public facility costs funded by interest earnings on the Construction Fund actually earned prior to the date of prepayment.
“Outstanding Bonds” means all previously issued Bonds issued and secured by the levy of Special Tax which will remain outstanding after the first interest and/or principal payment date following the current Fiscal Year, excluding CFD No. 2021-1 IA 2 Bonds to be redeemed at a later date with the proceeds of prior prepayments of Special Tax.

Prepayment must be made not less than 60 days prior to the redemption date for any Bonds to be redeemed with the proceeds of such prepaid Special Taxes.

The Prepayment Amount (defined below) shall be calculated as follows (capitalized terms are defined C-10
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below):

1. Confirm that no Special Tax delinquencies apply to such Assessor’s Parcel.

5. Multiply the Bond Redemption Amount by the applicable redemption premium, if any, on the Outstanding Bonds to be redeemed (the “Redemption Premium”).

6. Determine the Future Facilities Costs.

9. Determine the Special Taxes levied on the Assessor’s Parcel in the current Fiscal Year which have not yet been paid.

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11. Add the amounts derived pursuant to paragraphs 8 and 9 and subtract the amount derived pursuant to paragraph 10 (the “Defeasance Amount”).

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Tenders of Bonds in prepayment of the Maximum Special Tax obligation may be accepted upon the terms and conditions established by the City Council pursuant to the Act. However, the use of Bond tenders shall only be allowed on a case-by-case basis as specifically approved by the City Council.

PP = ((PE – A) x F) + A
These terms have the following meaning:

H. TERMINATION OF SPECIAL TAX
For each Fiscal Year that any Bonds are outstanding the Special Tax shall be levied on all Assessor’s Parcels subject to the Special Tax. The Special Tax shall cease not later than the 2069-2070 Fiscal Year, however, Special Tax will cease to be levied in an earlier Fiscal Year if the CFD Administrator has determined (i) that all the required interest and principal payments on the CFD No. 2021-1 IA 2 Bonds have been paid; (ii) all authorized facilities of CFD No. 2021-1 IA 2 have been acquired and all reimbursements to the developer have been paid, (iii) no delinquent Special Tax remain uncollected and (iv) all other obligations of CFD No. 2021-1 IA 2 have been satisfied.

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I. MANNER OF COLLECTION
The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2021-1 IA 2 may collect Special Taxes at a different time or in a different manner if necessary to meet its financial obligations, and may covenant to foreclose and may actually foreclose on delinquent Assessor’s Parcels as permitted by the Act.

PETITION TO THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE REQUESTING INSTITUTION OF CHANGE
PROCEEDINGS FOR COMMUNITY FACILITIES DISTRICT NO. 2021- 1 OF THE CITY OF LAKE ELSINORE (TUSCANY VALLEY/CREST)

AND TO INCREASE THE AUTHORIZED BONDED INDEBTEDNESS
FOR EACH OF IMPROVEMENT AREA NO. 1 AND IMPROVEMENT
AREA NO. 2 OF THE DISTRICT

1. The undersigned (the “Owner”) is the owner of more than 25% of the land described in Exhibit A hereto as land included within Improvement Area No. 1 (“Improvement Area No. 1”) and more than 25% of the land described in Exhibit A hereto as land included within Improvement Area No. 2 (“Improvement Area No. 2” and together with Improvement Area No. 1, the “Property”), which land is all of the land included within the boundaries of Community Facilities District No. 2021-1 of the City of Lake Elsinore (Tuscany Valley/Crest) (the “District”).

The Property is located within the City of Lake Elsinore (the “City”) in the County of Riverside.

2. The Owner requests, pursuant to Chapter 2.5 (commencing with Section 53311), Part 1, Division 2, Title 5, of the Government Code of the State of California, commonly known as the “Mello-Roos Community Facilities Act of 1982” (the “Act”), that the City Council of the City (the “City Council”) institute proceedings to approve the new rate and method of apportionment for Improvement Area No. 1, attached hereto as Exhibit B (the “Second Amended and Restated Improvement Area No. 1 Rate and Method”) and the new rate and method of apportionment for Improvement Area No. 2, attached hereto as Exhibit C (the “Second Amended and Restated Improvement Area No. 2 Rate and Method”).

3. The Owners further request that the City Council institute proceedings to increase the authorized bonded indebtedness limit within Improvement Area No. 1 of the District from $14,000,000 to $16,000,000 and increase the authorized bonded indebtedness limit within Improvement Area No. 2 of the District from $10,000,000 to $12,000,000; and

4. The Owner further requests that the City Council authorize the levy of special taxes in accordance with the Second Amended and Restated Improvement Area No. 1 Rate and Method in Improvement Area No. 1 and in accordance with the Second Amended and Restated Improvement Area No. 2 Rate and Method in Improvement Area No. 2 to pay the costs of the improvements and incidental expenses of the District previously authorized in connection with the formation of the District (the “Facilities”) and to pay principal of, interest and premium, if any, on the bonds issued for Improvement Area No. 1 and Improvement Area No. 2, as applicable, in order to contribute to the financing of the Facilities and the incidental expenses.

5. The Owner further requests that, upon the sale of bonds for Improvement Area No. 1, the City Council, as legislative body of the District, annually levy special taxes in accordance with the Second Amended and Restated Improvement Area No. 1 Rate and Method on the property within Improvement Area No. 1 for the construction, acquisition and rehabilitation of the Facilities, for the payment of the aggregate amount of principal of and interest owing on such bonds in each fiscal year, including the maintenance of reserves therefor, and for the payment of administrative expenses of the District.

6. The Owner further requests that, upon the sale of bonds for Improvement Area No. 2, the City Council, as legislative body of the District, annually levy special taxes in accordance with the Second Amended and Restated Improvement Area No. 2 Rate and Method 2 4919-0360-3258v3/022042-0035
on the property within Improvement Area No. 2 for the construction, acquisition and rehabilitation of the Facilities, for the payment of the aggregate amount of principal of and interest owing on such bonds in each fiscal year, including the maintenance of reserves therefor, and for the payment of administrative expenses of the District.

7. The Owner has advanced to the City the amounts necessary to pay for the costs related to the change proceedings for the District, which amounts will be reimbursed, without interest, from the proceeds of the first sale of the bonds, if any. The reimbursement of such amounts is expected to be governed by the terms of that certain Acquisition, Construction and Funding Agreement (the “Acquisition Agreement”) entered into by and between the City and the Owner relating to the District. If bonds are not sold, the City will have no obligation to reimburse amounts expended for costs incurred, but will reimburse any unexpended amounts advanced by the Owner as set forth in the Acquisition Agreement.

Dated: _______, 2025
KB HOME Cal Management Services LLC,
a Delaware limited liability company
By:

Name: Scott Hansen
Title: VP Forward Planning
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EXHIBIT A

LEGAL DESCRIPTION
Real property in the City of Lake Elsinore, County of Riverside, State of California, described as follows:

EXHIBIT B

PROPOSED SECOND AMENDED AND RESTATED

RATE AND METHOD OF APPORTIONMENT OF
COMMUNITY FACILITIES DISTRICT NO. 2021-1

A. DEFINITIONS
The terms hereinafter set forth have the following meanings:
"Acre or Acreage" means the land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map or instrument. The square footage of an Assessor’s Parcel is equal to the Acreage multiplied by 43,560. "Act" means the Mello-Roos Communities Facilities Act of 1982, as amended, being Chapter 2.5 (commencing with Section 53311) of Part 1 of Division 2 of Title 5 of the Government Code of the State of California.
"Administrative Expenses" means the following actual or reasonably estimated costs directly related to the administration of CFD No. 2021-1 IA 1: the costs of computing the Special Taxes and preparing the Special Tax collection schedules (whether by the City or designee thereof or both); the costs of collecting the Special Taxes (whether by the City or otherwise); the costs of remitting Special Taxes to the Trustee; the costs of the Trustee (including legal counsel) in the discharge of the duties required of it under the Indenture; the costs to the City, CFD No. 2021-1 IA 1 or any designee thereof of complying with arbitrage rebate requirements; the costs to the City, CFD No. 2021-1 IA 1 or any designee thereof of complying with disclosure requirements of the City, CFD No. 2021-1 IA 1 or obligated persons associated with applicable federal and state securities laws and the Act; the costs associated with preparing Special Tax disclosure statements and responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2021-1 IA 1 or any designee thereof related to an appeal of the Special Tax; the costs associated with the release of funds from an escrow account; and the City’s annual administration fees and third party expenses. Administration Expenses shall also include amounts estimated by the CFD Administrator or advanced by the City or CFD No. 2021-1 IA 1 for any other administrative purposes of CFD No. 2021-1 IA 1, including attorney’s fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. "Approved Property" means all Assessor’s Parcels of Taxable Property: (i) that are included in a Final Map that was recorded prior to the January 1st preceding the Fiscal Year in which the Special Tax is being B-2
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levied, (ii) and has an assigned Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) that have not been issued a building permit on or before May 1st preceding the Fiscal Year in which the Special Tax is being levied. "Assessor’s Parcel" means a lot or parcel of land designated on an Assessor’s Parcel Map with an assigned Assessor’s Parcel Number.
"Assessor’s Parcel Map" means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.
"Assessor’s Parcel Number" means that number assigned to an Assessor’s Parcel by the County for purposes of identification.
"Assigned Special Tax" means the Special Tax of that name described in Section D below. "Backup Special Tax" means the Special Tax of that name described in Section D below. "Boundary Map" means a recorded map of the CFD which indicates the boundaries of the CFD. "Building Permit" means the first legal document issued by a local agency giving official permission for new construction. For purposes of this definition, “Building Permit” may or may not include any subsequent building permit document(s) authorizing new construction on an Assessor’s Parcel that are issued or changed by the City after the first original issuance, as determined by the CFD Administrator as necessary to fairly allocate Special Tax to the Assessor’s Parcel, provided that following such determination the Maximum Special Tax that may be levied on all Assessor’s Parcels of Taxable Property will be at least 1.1 times maximum annual debt service on all outstanding CFD No. 2021-1 IA 1 Bonds plus the estimated annual Administrative Expenses.
"Building Square Footage" or "BSF" means the square footage of assessable internal living space, exclusive of garages or other structures not used as living space, as determined by reference to the Building Permit for such Assessor’s Parcel.
"Calendar Year" means the period commencing January 1 of any year and ending the following December 31.
“CFD Administrator" means an official of the City, or designee thereof, responsible for determining the Special Tax Requirement, and providing for the levy and collection of the Special Taxes. "CFD” or “CFD No. 2021-1 IA 1" means Improvement Area No. 1 of CFD No. 2021-1 as identified on the boundary map for CFD No. 2021-1.
“CFD No. 2021-1" means Community Facilities District No. 2021-1 (Tuscany Valley/Crest) established by the City under the Act.
"CFD No. 2021-1 IA 1 Bonds" means any obligation to repay a sum of money, including obligations in the form of bonds, notes, certificates of participation, long-term leases, loans from government agencies, or loans from banks, other financial institutions, private businesses, or individuals, or long- term contracts, or any refunding thereof, to which Special Tax of CFD No. 2021-1 IA 1 have been pledged.

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“City” means the City of Lake Elsinore.
"City Council" means the City Council of the City of Lake Elsinore, acting as the Legislative Body of CFD No. 2021-1 IA 1.
“Condominium Plan" means a condominium plan as set forth in the California Civil Code, Section 6624. "County" means the County of Riverside.
"Developed Property" means all Assessor’s Parcels that: (i) are included in a Final Map that was recorded prior to the January 1 st preceding the Fiscal Year in which the Special Tax is being levied, and (ii) has an Assessor’s Parcel Number from the County shown on an Assessor’s Parcel Map for the individual lot included on the Final Map, and (iii) a Building Permit for new construction was issued on or before May 1st preceding the Fiscal Year in which the Special Tax is being levied. "Exempt Property" means all Assessor’s Parcels designated as being exempt from Special Taxes as provided for in Section F.
"Final Map" means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a Condominium Plan pursuant to California Civil Code Section 6624 that creates individual lots for which Building Permits may be issued without further subdivision. "Fiscal Year" means the period commencing on July 1st of any year and ending the following June 30th. “Indenture” means the indenture, fiscal agent agreement, resolution or other instrument pursuant to which Bonds are issued, as modified, amended and/or supplemented from time to time, and any instrument replacing or supplementing the same.
“Land Use Category” means any of the categories listed in Table 1 of Section D. "Maximum Special Tax" means for each Assessor’s Parcel, the maximum Special Tax, determined in accordance with Section D below, that can be levied by CFD No. 2021-1 IA 1 in any Fiscal Year on such Assessor’s Parcel.
“Multifamily Property” means all Assessor’s Parcels of Developed Property for which a Building Permit has been issued for the purpose of constructing a building or buildings comprised of attached Residential Units available for rental by the general public, not for sale to an end user, and under common management, as determined by the CFD Administrator. "Non-Residential Property" or “NR” means all Assessor's Parcels for which a building permit(s) was issued or will be issued for a non-residential use. The CFD Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property.
"Partial Prepayment Amount" means the amount required to prepay a portion of the Special Tax obligation for an Assessor’s Parcel, as described in Section G.2. "Prepayment Amount" means the amount required to prepay the Special Tax obligation in full for an Assessor’s Parcel, as described in Section G.1.

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“Proportionately” means for Taxable Property that is (i) Developed Property, that the ratio of the actual Special Tax levy to the Assigned Special Tax is the same for all Assessor’s Parcels of Developed Property, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Assessor’s Parcels of Approved Property, and (iii) Undeveloped Property, or Provisional Undeveloped Property, that the ratio of the actual Special Tax levy per Acre to the Maximum Special Tax per Acre is the same for all Assessor’s Parcels of Undeveloped Property, or Provisional Undeveloped Property, as applicable.
"Provisional Undeveloped Property" means all Assessor’s Parcels of Taxable Property that would otherwise be classified as Exempt Property pursuant to the provisions of Section F, but cannot be classified as Exempt Property because to do so would be reduce the Acreage of all Taxable Property below the required minimum Acreage set forth in Sections F. "Rate and Method of Apportionment" means this Second Amended and Restated Rate and Method of Apportionment of Special Tax for CFD No. 2021-1 IA 1.
"Residential Property" means all Assessor’s Parcels of Developed Property for which a building permit has been issued for purposes of constructing one or more Residential Units. “Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the CFD Administrator. “Single Family Residential Property” means all Assessor’s Parcels of Residential Property other than Multifamily Property.
"Special Tax" means any of the special taxes authorized to be levied within CFD No. 2021-1 IA 1 pursuant to the Act to fund the Special Tax Requirement. "Special Tax Requirement " means the amount required in any Fiscal Year to pay: (i) the debt service or the periodic costs on all outstanding CFD No. 2021-1 IA 1 Bonds due in the Calendar Year that commences in such Fiscal Year, (ii) Administrative Expenses, (iii) the costs associated with the release of funds from an escrow account, (iv) any amount required to replenish any reserve funds established in association with the CFD No. 2021-1 IA 1 Bonds, (v) an amount equal to any anticipated shortfall due to Special Tax delinquencies, and (vi) for the collection or accumulation of funds for the acquisition or construction of facilities authorized by CFD No. 2021-1 IA 1 or the payment of debt service on CFD No. 2021-1 IA 1 Bonds anticipated to be issued, provided that the inclusion of such amount does not cause an increase in the levy of Special Tax on Approved Property or Undeveloped Property as set forth in Steps Two or Three of Section E., less (vii) any amounts available to pay debt service or other periodic costs on the CFD No. 2021-1 IA 1 Bonds pursuant to the Indenture. "Taxable Property" means all Assessor’s Parcels within CFD No. 2021-1 IA 1, which are not Exempt Property.
“Taxable Unit” means either a Residential Unit or an Acre. "Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.

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“Trustee” means the trustee, fiscal agent, or paying agent under the Indenture. "Undeveloped Property" means all Assessor’s Parcels of Taxable Property which are not Developed Property, Approved Property, Provisional Undeveloped Property.

D. MAXIMUM SPECIAL TAX

The Maximum Special Tax for each Assessor’s Parcel of Non-Residential or Multifamily Residential Property shall be the applicable Assigned Special Tax described in Table 1 of Section D. a. Assigned Special Tax
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Each Fiscal Year, each Assessor’s Parcel of Single Family Residential Property, Multifamily Property or Non-Residential shall be subject to an Assigned Special Tax. The Assigned Special Tax applicable to an Assessor's Parcel of Developed Property shall be determined pursuant to Table 1 below.