Agenda packet — Lake Elsinore City Council, September 23, 2025 (part 1 of 2)

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
Jason Simpson, City Manager
Meeting Date:

September 23, 2025

Closed Session: 5:00 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) 674 -3124, Option 6 , at least 48 hours before the meeting, to make reasonable arrangements to ensure accessibility

City Council Agenda - Final September 23, 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 that 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 September 23, 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 - 5:00 P.M.

A. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs 363-130-060 and 363-130-054
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Hung Hui Chen and Patrick Chen (-060)/ Fang Family Revocable Trust (-054)
Under negotiation: Price and terms of payment

B. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APN 377-180-025
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Elsinore Valley Municipal Water District Under negotiation: Price and terms of payment

C. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs 389-210-063, 389-210-067, 389-210-068, 389-220-001, 389-220-002 Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Mohr Affinity Under negotiation: Price and terms of payment

D. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs: 373-320-012
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Griffin Consulting Under negotiation: Price and Terms of Payment

RECESS

The City Council will recess to Closed Session.

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

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

PLEDGE OF ALLEGIANCE

ROLL CALL

CLOSED SESSION REPORT

City Council Agenda - Final September 23, 2025

City of Lake Elsinore Page 4

PRESENTATION/CEREMONIAL

1) Business in Action Monthly Spotlight – Goodfellow Corporation

Recognize Goodfellow Corporation as the City of Lake Elsinore’s Business in Action Monthly Spotlight for September 2025.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

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

CITY COUNCIL CONSENT CALENDAR

2) Minutes of the Regular City Council Meeting of September 9, 2025

Approve the Minutes.

3) CC Warrant Report Dated August 25, 2025 to August 31, 2025

Receive and file.

4) CC Warrant Report Dated September 01, 2025 to September 07, 2025

Receive and File.

5) CC Warrant Report Dated September 08, 2025 to September 14, 2025

Receive and file.

6) CC Investment Report for August 2025

Receive and file the Investment Report for August 2025.

7) City Voting Delegate and Alternate for the 2025 League of California Cities Annual Conference

Appoint Council Member Manos as the City’s Voting Delegate and City Manager Simpson as the City's Alternate Voting Delegate for the 2025 League of California Cities Annual Conference to be held in Long Beach, CA, October 8-10, 2025.

8) Construction Agreement with R.J. Noble Company for the Pavement Rehabilitation SB-1 Broadway Tracts CIP Project No. Z10089

Approve and authorize the City Manager to execute a Public Works Construction Agreement with R.J. Noble Company in the amount of $1,697,794 for the Pavement Rehabilitation SB-1 Broadway Tracts, CIP Project No. Z10089, in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed 10% contingency amount of $169,779.40; and authorize the City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted into the City-maintained roadway network.

City Council Agenda - Final September 23, 2025

City of Lake Elsinore Page 5

9) Tract Map No. 38378, Mission Trail at Lemon Residential Project

Approve Final Tract Map No. 38378, subject to the City Engineer’s acceptance as being true and correct; authorize the City Clerk to sign the map and arrange for its recordation; and authorize the City Manager to execute the Construction Agreement for Monumentation.

10) Traffic Impact Fee Agreement with In -N-Out Burgers for the Third Street and Dexter Avenue Signal Improvement Project

Approve and authorize the City Manager to execute a Traffic Impact Fee (TIF) Street Improvement Reimbursement Agreement with In -N-Out Burgers for the Third Street and Dexter Avenue signal improvement project.

11) Consideration of Annual Reporting of Completed State Mandated Fire and Life Safety Inspections by the City of Lake Elsinore in Compliance with SB 1205 for Fiscal Year 2024-2025

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

CALIFORNIA, ACKNOWLEDGING RECEIPT OF A REPORT MADE BY THE FIRE

CHIEF OF THE RIVERSIDE COUNTY FIRE DEPARTMENT REGARDING THE

INSPECTION OF CERTAIN OCCUPANCIES REQUIRING ANNUAL INSPECTIONS IN SUCH OCCUPANCIES PURSUANT TO SECTIONS 13145, 13146 and 17921 OF THE CALIFORNIA HEALTH AND SAFETY CODE.

12) Notice of Completion for Replacement of Flooring at the Neighborhood Center (CIP Project No. Z20005)

Accept the improvements and authorize the City Clerk to file the Notice of Completion with the County Recorder for the Replacement of Flooring at the Neighborhood Center (CIP Project No. Z20005) completed by Shaw Integrated & Turf Solutions, Inc.

SUCCESSOR AGENCY CONSENT CALENDAR

13) Minutes of the Regular Successor Agency Meeting of September 9, 2025

Approve the Minutes.

14) SA Warrant Report Dated August 25, 2025 to August 31, 2025

Receive and file.

15) SA Warrant Report Dated September 01, 2025 to September 07, 2025

Receive and file.

16) SA Warrant Report Dated September 08, 2025 to September 14, 2025

Receive and file.

17) SA Investment Report for August 2025

Receive and file the Investment Report for August 2025.

City Council Agenda - Final September 23, 2025

City of Lake Elsinore Page 6

18) Notice of Completion for the Installation of Monuments & Baseballs at Lake Elsinore Diamond Stadium (CIP Project No. RDA Z20003)

Accept the improvements and authorize the Secretary to file the Notice of Completion with the County Recorder for the Installation of Monuments & Baseballs at Lake Elsinore Diamond Stadium (CIP Project No. RDA Z20003) completed by Cotter Construction, Inc.

BUSINESS ITEM

19) Council Direction on Filling Vacancy Resulting from Council Member Johnson's Election to the State Assembly District 63

Direct staff on how to proceed in filling the vacancy on the City Council created by Council Member Johnson’s election to the State Assembly. The Council has the following options:

1. Direct the City Clerk to prepare the necessary Resolution to call a special election to fill the vacancy; or

2. Direct the City Clerk to solicit applications from interested and eligible residents and appoint two (2) Council Members to serve on an Appointment Committee to review applications, conduct interviews as needed, and provide a recommendation for nomination to the full City Council to appoint a qualified individual to serve the remainder of the unexpired term, with the seat scheduled to appear on the November 2026 ballot for the remainder of the term.

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 on Tuesday, October 14, 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.

City Council Agenda - Final September 23, 2025

City of Lake Elsinore Page 7

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, September 18, 2025.

_________________________
Candice Alvarez, MMC
City Clerk

CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs 363-130-060 and 363-130-054
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Hung Hui Chen and Patrick Chen (-060)/ Fang Family Revocable Trust (-054)
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:September 23, 2025
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs 363-130-060 and 363-130-054
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Hung Hui Chen and Patrick Chen (-060)/ Fang Family Revocable Trust (-054)
Under negotiation: Price and terms of payment
B.

CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APN 377-180-025
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Elsinore Valley Municipal Water District 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:September 23, 2025
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APN 377-180-025
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Elsinore Valley Municipal Water District
Under negotiation: Price and terms of payment
C.

CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs 389-210-063, 389-210-067, 389-210-068, 389-220-001, 389-220-002 Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Mohr Affinity 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:September 23, 2025
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs 389-210-063, 389-210-067, 389-210-068, 389-220-001, 389-220-002
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Mohr Affinity Under negotiation: Price and terms of payment
D.

CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs: 373-320-012
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Griffin Consulting 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:September 23, 2025
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APNs: 373-320-012
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Griffin Consulting Under negotiation: Price and Terms of Payment
1)
Business in Action Monthly Spotlight – Goodfellow Corporation Recognize

Goodfellow

Corporation

the

City

Lake

Elsinore’s

Business

Action
Monthly Spotlight for September 2025.

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:Gina Gonzalez, Director of Economic Development and Legislative Affairs Date:September 23, 2025
Subject:Business in Action Monthly Spotlight – Goodfellow Corporation Recommendation
Recognize Goodfellow Corporation as the City of Lake Elsinore’s Business in Action Monthly Spotlight for September 2025.

Background
The City of Lake Elsinore’s Business in Action Monthly Spotlight highlights outstanding local businesses that contribute to the community’s economic growth, exceptional customer service, and community involvement. For the month of September 2025, the City is proud to recognize Goodfellow Corporation for its dedication to providing heavy equipment sales, rentals, parts, service, and custom fabrication in the aggregate, mining, and construction industries to customers throughout Southern and its active engagement in supporting local events and initiatives.

Discussion
Goodfellow Corporation, a locally owned business, has been serving the Lake Elsinore community with passion and excellence since 2022. Known for rapid service and hands-on customer care, their crew travels wherever needed to keep operations running — whether it’s a quick repair in the field, an emergency parts delivery, or a full plant installation. Goodfellow Corporation has built a loyal customer base and a reputation for quality service going above and beyond.

Beyond its core services, Goodfellow Corporation is deeply committed to the local community.

With six locations, the business actively supports industry education through events like the annual Crusher School, where operators, maintenance teams, and plant managers learn practical skills for safe, efficient equipment use. The company is also an active member of state aggregate associations and the Lake Elsinore Valley Chamber of Commerce, and has been featured in Pit & Quarry magazine, and works closely with top industry manufacturers such as Astec and CDE Goodfellow Corporation

Page 2 of 2 ends

on high-profile projects that push the boundaries of materials processing innovation. Their commitment to quality service and giving back exemplifies the values of a thriving local business.

By recognizing Goodfellow Corporation as the Business in Action Monthly Spotlight, the City aims to celebrate their contributions and encourage other businesses to follow their example in supporting and enhancing the Lake Elsinore community.

Fiscal Impact
There is no fiscal impact associated with this recognition.

Attachments
None
Economic Development

2)
Minutes of the Regular City Council Meeting of September 9, 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
Jason Simpson, City Manager
Meeting Date:

September 09, 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 Meetings of the City Council and the Successor Agency will be called to order.

The Regular Meetings of the City Council and the Successor Agency were called to order at 7:00 p.m.

PLEDGE OF ALLEGIANCE

Mayor Tisdale led the Pledge of Allegiance.

ROLL CALL

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

Absent: 0 - None

PRESENTATIONS/CEREMONIALS

1) Constitution Week

Present a Proclamation declaring the week of September 17- 23, 2025, as “Constitution Week” in the City of Lake Elsinore.

Mayor Tisdale presented the Proclamation to Joyce Hohenadl, Christine Rangel, and Kathy Eaton.

City Council Minutes - Draft September 09, 2025

City of Lake Elsinore Page 2

2) National Preparedness Month

Proclaim the month of September 2025 as "National Preparedness Month" in the City of Lake Elsinore.

Mayor Tisdale presented the Proclamation to CHP Riverside Station Assistant Chief Steve Branconier.

3) Business in Action Monthly Spotlight – Aaron Ford and Chevrolet of Lake Elsinore

Recognize Aaron Ford and Chevrolet of Lake Elsinore as the City of Lake Elsinore’s Business in Action Monthly Spotlight for August 2025.

Mayor Tisdale presented the Certificate to Executive General Manager, Shadi Abdelhadi, and Chief Marketing Officer, Tareq AbuZaineh.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

There were no speakers.

CITY COUNCIL CONSENT CALENDAR

A motion was made by Council Member Manos, seconded by Mayor Pro Tem Magee to approve the City Council Consent Calendar. The motion carried by the following vote:

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

4) Minutes of the Regular City Council Meeting of August 26, 2025

Approve the Minutes.

This item was approved on the City Council Consent Calendar.

5) CC Warrant Report Dated August 11, 2025 to August 17, 2025

Receive and file.

This item was approved on the City Council Consent Calendar.

6) CC Warrant Report Dated August 18, 2025 to August 24, 2025

Receive and file.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft September 09, 2025

City of Lake Elsinore Page 3

7) Second Reading of an Ordinance Authorizing the Levy of Special Taxes Within Community Facilities District No. 2025-1 (Canyon Hills Heights)

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

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS

CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025 -1 OF THE CITY OF LAKE ELSINORE (CANYON HILLS HEIGHTS) AUTHORIZING THE LEVY OF SPECIAL TAXES.

This item was approved on the City Council Consent Calendar.

8) Second Reading of an Ordinance Authorizing the Levy of Special Taxes Within Improvement Area No. 1 and Improvement Area No. 2 of Community Facilities District No. 2021-1 (Tuscany Valley/Crest)

Adopt by title only and waive further reading of AN ORDINANCE 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) AUTHORIZING THE LEVY OF SPECIAL TAXES WITHIN IMPROVEMENT AREA NO. 1 AND IMPROVEMENT AREA NO. 2 OF THE DISTRICT.

This item was approved on the City Council Consent Calendar.

9) Second Reading of an Ordinance Approving the Development Agreement Amendment (DA-2025-08) to Revise the Community Benefit Fees

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

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING THE DEVELOPMENT AGREEMENT AMENDMENT (DA- 2025-08) FOR PIPE
DREAMZ LOCATED AT 31881 CORYDON ROAD, SUITE 160 AND 31875 CORYDON ROAD, SUITE 120 (APN: 370-051-031 AND 370-051-008).

This item was approved on the City Council Consent Calendar.

10) Second Reading of an Ordinance Adopting the Local Responsibility Areas Fire Hazard Severity Zones Map

Adopt 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.

This item was approved on the City Council Consent Calendar.

11) Road Closures for the 2025 Fall Events

Approve temporary road closures for Trunk or Treat on Saturday, October 11th, Dia de Los Muertos on November 1st, and Winterfest on December 6th to Historic Downtown and adjacent streets as outlined in the attached traffic control plans, with adjustments permitted as necessary and approved by the City Engineer.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft September 09, 2025

City of Lake Elsinore Page 4

12) Amendment No. 1 to the Annual On -Call Design Professional Services Agreement with STK Architecture, Inc. for Design Services

Approve Amendment No. 1 to the On- Call Design Professional Services Agreements with STK Architecture Inc. in an amount not to exceed Fifty -Thousand Dollars ($50,000) in the form attached and in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

13) Amendment No. 1 to the Agreement with Riverside County, Elsinore Valley Municipal Water District, and Lake Elsinore and San Jacinto Watershed Authority for the Lake Elsinore Aeration and Mixing System (LEAMS)

Approve and authorize the City Manager to execute Amendment No. 1 to the Exclusive License Agreement with Riverside County, Elsinore Valley Municipal Water District, and Lake Elsinore and San Jacinto Watershed Authority for Excess Offset Credits generated by the Lake Elsinore Aeration and Mixing System (LEAMS) to extend the term for an additional five (5) years, in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

14) Annual On-Call Services Agreement with Tri -Star Electric in Support of City of Lake Elsinore Public Works Operations

Approve and authorize the City Manager to execute an Agreement with Tri -Star Electric in the amount of $60,000 to support public works operations 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 $6,000 for unanticipated costs.

This item was approved on the City Council Consent Calendar.

15) Annual On-Call Services Agreement with Hemet Fence in Support of City of Lake Elsinore Public Works Operations

Approve and authorize the City Manager to execute an Agreement with Hemet Fence in the amount of $200,000 to support public works operations 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 $20,000 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

SUCCESSOR AGENCY CONSENT CALENDAR

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

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

City Council Minutes - Draft September 09, 2025

City of Lake Elsinore Page 5

16) Minutes of the Regular Successor Agency Meeting of August 26, 2025

Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

17) SA Warrant Report Dated August 11, 2025 to August 17, 2025

Receive and file.

This item was approved on the Successor Agency Consent Calendar.

18) SA Warrant Report Dated August 18, 2025 to August 24, 2025

Receive and file.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES

There were no speakers.

CITY MANAGER'S COMMENTS

City Manager Simpson had no comments.

CITY ATTORNEY COMMENTS

Assistant City Attorney Mann had no comments.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

Council Member Sheridan spoke on the history of the State of California; reminded the community that youth may ride Riverside Transit Agency buses free through December 31, 2026 and reported on his attendance at the Riverside Transit Agency T-Now meeting on August 27, 2025 and Board meeting on August 28, 2025; reported on his attendance at the California Joint Powers Insurance Authority Board of Directors meeting on July 27, 2025; congratulated Planning Commissioner John Gray on being awarded a Senior Legacy Award from Supervisor Karen Spiegel; invited the community to attend the Lake Elsinore Historical Society’s third Speaker Series event at 7:00 p.m. on September 24, 2025 in the Cultural Center; provided an update on the Hillside neighborhood crack sealing project; spoke on his attendance at the League of California Cities Riverside County Division meeting on September 8, 2025; and congratulated Natasha Johnson on her election to the State Assembly.

Council Member Manos reported on his attendance at the Southern California Association of Governments Regional Council meeting on September 4, 2025; and congratulated Natasha Johnson on her election to the State Assembly.

Mayor Pro Tem Magee shared that he will attend the Riverside County Transportation Commission Executive Committee meeting on September 10, 2025; encouraged the community to attend the San Diego SCCA novice school event on October 4- 5, 2025 at Diamond Stadium; and invited the community to attend the Freestyle Kings Live event on September 27, 2025 at Diamond Stadium.

City Council Minutes - Draft September 09, 2025

City of Lake Elsinore Page 6

Mayor Tisdale reported on his attendance at the Western Riverside Council of Governments Executive Committee meeting on September 8, 2025; invited the community to attend the City’s Emergency Preparedness Fair from 8:30 a.m. to 1:00 p.m. on Saturday, September 13, 2025 at Lowe’s; and invited the community to attend MariachiFest on September 20, 2025 at Diamond Stadium.

ADJOURNMENT

The Lake Elsinore City Council adjourned at 7:44 p.m. to the next Regular meeting of Tuesday, September 23, 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.

3)
CC Warrant Report Dated August 25, 2025 to August 31, 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:September 23, 2025
Subject:CC Warrant Report Dated August 25, 2025 to August 31, 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
AUGUST 25, 2025 TO AUGUST 31, 2025CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 965,935.78 $
103 THE ANCHOR 9,459.28
110 GAS TAX 15,334.47
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 45,061.81 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 8,629.74 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 596.52 180 LAUNCH POINTE 120,245.00
300 INSURANCE SERVICE (9,820.79)
305 INFORMATION SYSTEMS SERVICE 47,487.27
310 SUPPORT SERVICE 3,230.25
315 FLEET SERVICE 36,606.47
320 FACILITIES SERVICE 22,802.20
330 CFD 2015-2S MAINTENANCE SERVICES 1,628.25
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 835.13
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 835.13
333 CFD 2015-4 TERRACINA IMPROVEMENT 835.13
334 CFD 2015-5 TRIESTE IMPROVEMENT 813.33
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 813.33
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 789.64
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 813.33
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 835.13
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 813.33
342 CFD 2007-5S RED KITE SERVICES 596.52
343 CFD 2006-2S VISCAYA SERVICES 596.52
344 CFD 2005-2S ALBERHILL RANCH SERVICES 596.52
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,648.47
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 1,431.65
350 CFD 98-1 SUMMERHILL IMPROVEMENT 835.13
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 835.13
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 2,279.85
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 1,073.74
358 CFD 2007-4S MAKENNA SERVICES 596.52
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 715.28 361 CFD 2022-2 LAKESHORE IMPROVEMENT 694.44
362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 596.52
363 CFD 2023-1 LAKESIDE IMPROVEMENT 694.44
364 CFD 2023-2 COASTAL MISSION TRAIL IMPROVEMENT 707.30 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 596.52 367 CFD 2006-1S SUMMERLY SERVICES 596.52
368 CFD 2006-2 VISCAYA IMPROVEMENT 596.52
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 835.13
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 835.13
Attachment 1 1 of 2
AUGUST 25, 2025 TO AUGUST 31, 2025CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
371 CFD 2005-1 SERENITY IMPROVEMENT 835.13
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 835.13
373 CFD 2005-5S WASSON CANYON SERVICES 596.52
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 298.26
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 298.26
376 CFD 2006-3 LA STRADA IMPROVEMENT 596.52
377 CFD 2006-6 TESSARA IMPROVEMENT 357.91
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 789.64
379 CFD 2022-1 ALBERHILL IMPROVEMENT 694.44
380 CFD 2015-4S TERRACINA SERVICES 607.56
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 3,676.64
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 835.13
386 CFD 2007-4 MAKENNA IMPROVEMENT 789.64
387 CFD 2007-5 RED KITE IMPROVEMENT 789.64
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 2,147.48
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 596.52
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 564.03
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 802.15
397 CFD 2019-1 WESTLAKE IMPROVEMENT 802.15
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 715.28 500 CAPITAL IMPROVEMENT PLAN 576,989.92
617 HOUSING 6,251.52
620 COST RECOVERY TRUST DEPOSITS (467.00)
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 8,987.43
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 835.13
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 596.52 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 596.52
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 596.52 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 948.95
GRAND TOTAL 1,904,901.12 $
Attachment 1 2 of 2
AUGUST 25, 2025 TO AUGUST 31, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA26000386 AARON CHEVROLET 305.23 $
APA26000387 ALBERT WEBB & ASSOCIATES 71,485.45
APA26000388 ALLEGRA MARKETING PRINT MAIL 1,736.16
APA26000389 AUTOZONE PARTS, INC. 5,336.79
APA26000390 BITE ON FISHING LLC 211.00
APA26000391 CALPERS 700.00
APA26000392 CED LAGUNA 13,790.62
APA26000393 CHANDLER AGGREGATES, INC. 387.62
APA26000394 CONCENTRA 1,016.00
APA26000395 CORONA, MANUEL 447.79
APA26000396 COUNTY OF RIVERSIDE DEPT. OF ENVIRONMENTAL HEALTH 2,580.00 APA26000397 CREATIVE INDUSTRIES MEDIA GROUP 3,473.75
APA26000398 DAVID EVANS AND ASSOCIATES, INC. 26,670.47
APA26000399 DISCOUNT HAULING & CLEANUP SERVICE 4,620.00 APA26000400 EXCEL LANDSCAPE, INC. 25,205.84
APA26000401 FCG CONSULTANTS, INC. 11,927.46
APA26000402 FEHR & PEERS 3,437.50
APA26000403 FRIAS PRESENTS LLC 5,500.00
APA26000404 FRONTIER CALIFORNIA - INTERNET 1,096.09
APA26000405 FRONTIER CALIFORNIA, INC. 2,232.18
APA26000406 GREAT AMERICA FINANCIAL SERVICES 3,230.25
APA26000407 IMAGEN, INC. 820.54
APA26000408 INTERSTATE STRIPING, INC. 14,557.00
APA26000409 J & M LEYVA GENERAL ENGINEERING, INC 16,993.16 APA26000410 KELLEN'S BAIT 286.25
APA26000411 KIMBALL MIDWEST 1,145.14
APA26000412 LAI GROUP 27.73
APA26000413 LAKE ELSINORE STORM, LP 12,500.00
APA26000414 LITTLE RASCALS JUMPERS 1,185.00
APA26000415 LIUNA LOCAL 777 696.00
APA26000416 LOR GEOTECHNICAL GROUP 4,762.00
APA26000417 MORTON PEST CONTROL INC 5,641.00
APA26000418 MUSCO SPORTS LIGHTING, LLC 225.75
APA26000419 O'REILLY AUTO STORES INC/FIRST CALL 2,220.09 APA26000420 PULSE DESIGN, INC. 2,175.00
APA26000421 RAPID FIRE SAFETY & SECURITY LLC 300.00
APA26000422 RELIABLE RENTALS, INC 5,680.00
APA26000423 RIGHTWAY SEPTIC TANK PUMPING 325.00
APA26000424 RIVERSIDE COUNTY TRANSPORTATION & LAND MANAGEMENT 13,790.69 APA26000425 RUTAN & TUCKER, LLP 7,788.90
APA26000426 SCOTT FAZEKAS & ASSOCIATES, INC. 2,558.00
Attachment 2 1 OF 4
AUGUST 25, 2025 TO AUGUST 31, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA26000427 SOUTHERN CALIFORNIA EDISON CO. 31,574.81
APA26000428 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 7,875.00 APA26000429 UNIFIRST CORP 483.76
APA26000430 VULCAN MATERIALS COMPANY 1,156.16
APA26000431 WALMART COMMUNITY 68.30
APA26000432 WAXIE SANITARY SUPPLY 213.63
APA26000433 WILLDAN 472.50
9797 CALPERS RETIREES 51,375.79
9853 AK SECURITY ALARM LLC 14,266.00
9854 ALVAREZ ENTERPRISE SERVICES 22,657.40
9855 AMAZON BUSINESS 10,058.80
9856 AMERICAN MATERIAL COMPANY 2,150.17
9857 AREA 63 PRODUCTIONS 7,475.00
9858 ARELLANO ASSOCIATES 1,122.59
9859 ARELLANO ASSOCIATES 736.38
9860 COMMERCIAL DOOR COMPANY, INC. 9,876.18
9861 COTTER CONSTRUCTION, INC. 3,000.00
9862 DOWNS ENERGY 6,148.04
9863 ENDRESEN DEVELOPMENT, INC. 10,500.00
9864 ENDRESEN DEVELOPMENT, INC. 8,795.66
9865 ENDRESEN DEVELOPMENT, INC. 10,500.00
9866 ENDRESEN DEVELOPMENT, INC. 576.00
9867 ENDRESEN DEVELOPMENT, INC. 14,400.00
9868 ENDRESEN DEVELOPMENT, INC. 576.00
9869 ENDRESEN DEVELOPMENT, INC. 576.00
9870 ENDRESEN DEVELOPMENT, INC. 20,252.36
9871 ENDRESEN DEVELOPMENT, INC. 10,486.23
9872 ENDRESEN DEVELOPMENT, INC. 12,000.00
9873 ENDRESEN DEVELOPMENT, INC. 14,400.00
9874 ENDRESEN DEVELOPMENT, INC. 17,400.00
9875 ENDRESEN DEVELOPMENT, INC. 28,113.22
9876 ENDRESEN DEVELOPMENT, INC. 8,525.66
9877 ENDRESEN DEVELOPMENT, INC. 17,400.00
9878 ENDRESEN DEVELOPMENT, INC. 576.00
9879 ENDRESEN DEVELOPMENT, INC. 1,641.81
9880 ENDRESEN DEVELOPMENT, INC. 8,915.66
9881 ENDRESEN DEVELOPMENT, INC. 16,874.88
9882 ENDRESEN DEVELOPMENT, INC. 8,173.16
9883 ENGINEERING RESOURCES OF SO CA 4,876.08
9884 ENGINEERING RESOURCES OF SO CA 18,025.22
9885 ENGINEERING RESOURCES OF SO CA 29,578.96
9886 HDR ENGINEERING, INC. 21,331.02
Attachment 2 2 OF 4
AUGUST 25, 2025 TO AUGUST 31, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
9887 KATOM RESTAURANT SUPPLY, INC 5,950.35
9888 KPA SERVICES, LLC 1,663.27
9889 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 2,492.25
9890 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 13,500.00 9891 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 5,000.00
9892 LEIBOLD, MCCLENDON & MANN, PC 121,288.40
9893 PARCELQUEST 11,994.00
9894 PRECISION CONCRETE CUTTING 7,000.00
9895 PRECISION CONCRETE CUTTING 42,530.76
9897 PROSTAFF, LLC 25,900.00
9898 PURSUIT ELECTRIC, INC. 25,984.00
9899 RIGHTWAY SITE SERVICES, INC. 6,998.42
9900 SEMPER PATROL, INC 14,976.00
9901 SERVICE FIRST 2,121.25
9902 SOUTHWEST ICE MACHINES 767.00
9903 SOUTHWEST ICE MACHINES 326.81
9904 SOUTHWEST ICE MACHINES 272.54
9905 SPICER CONSULTING GROUP 53,231.78
9909 STAPLES ADVANTAGE 1,179.50
9910 TC SPORTS MANAGEMENT, LLC 31,033.33
9911 WKE, INC. 1,826.11
143874 MCDANIELS, DELORES 426.70
143875 CALIFORNIA JPIA 25.00
143876 CALIFORNIA JPIA 10.00
143877 EVMWD 55,570.62
143880 GEORGE MCDONOUGH 970.00
143881 HADEEN, SCOTT 140.04
DFT260101 FRONTIER CALIFORNIA - INTERNET 802.17
DFT260116 FRONTIER CALIFORNIA - INTERNET 494.51
DFT260125 CALIFORNIA, DEPT OF TAX AND FEE ADMINISTRATION 149,090.29 DFT260127 RELIABLE RENTALS, INC (2,840.00)
DFT260129 NATIONWIDE TRUST COMPANY, FSB 1,981.34
DFT260130 TASC 12,773.46
DFT260131 MISSION SQUARE RETIREMENT 534.20
DFT260132 MISSION SQUARE RETIREMENT 7,973.01
DFT260133 STATE DISBURSEMENT UNIT 134.30
DFT260134 STATE DISBURSEMENT UNIT 245.53
DFT260135 STATE DISBURSEMENT UNIT 1,848.44
DFT260136 PAYCHEX OF NEW YORK, LLC 2,282.64
DFT260137 LEGAL SHIELD 108.65
DFT260138 LEGAL SHIELD 108.65
DFT260139 INTERNAL REVENUE SERVICE 198.50
Attachment 2 3 OF 4
AUGUST 25, 2025 TO AUGUST 31, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
DFT260142 INTERNAL REVENUE SERVICE 121,782.57
DFT260143 FRANCHISE TAX BOARD 26,129.61
DFT260144 CALPERS 78,354.03
DFT260145 CALPERS 251.36
DFT260146 GEORGE MCDONOUGH (1,430.00)
DFT260163 CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE 54.14 DFT260176 CALPERS 700.00
PR08282025 NET PAYROLL 335,873.71
GRAND TOTAL 1,904,901.12 $
Attachment 2 4 OF 4
4)
CC Warrant Report Dated September 01, 2025 to September 07, 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:September 23, 2025
Subject:CC Warrant Report Dated September 01, 2025 to September 07, 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
SEPTEMBER 01, 2025
TO SEPTEMBER 07, 2025 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,292,177.65 $
103 THE ANCHOR 1,421.97
110 GAS TAX 9,250.24
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 26,566.05 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 10,010.57 180 LAUNCH POINTE 84,526.07
305 INFORMATION SYSTEMS SERVICE 5,176.53
310 SUPPORT SERVICE 116.53
315 FLEET SERVICE 95,196.56
320 FACILITIES SERVICE 15,309.56
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 2,000.00
500 CAPITAL IMPROVEMENT PLAN 508,224.92
620 COST RECOVERY TRUST DEPOSITS 1,582.50
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 1,921.67
GRAND TOTAL 2,053,480.82 $
Attachment 1 1 of 1
SEPTEMBER 01, 2025
TO SEPTEMBER 07, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA26000434 ACTION GAS & WELDING SUPPLY 89.23 $
APA26000435 BROTHERS TOWING 1,180.00
APA26000436 CENTURY LINK 40.64
APA26000437 CHARTER COMMUNICATIONS 57.64
APA26000439 COTTER CONSTRUCTION, INC. 23,100.00
APA26000440 COUNTY OF RIVERSIDE, EXECUTIVE OFFICE 197,414.00 APA26000441 CREATIVE INDUSTRIES MEDIA GROUP 2,546.45
APA26000442 DISCOUNT HAULING & CLEANUP SERVICE 9,705.00 APA26000443 EXCEL LANDSCAPE, INC. 6,200.00
APA26000444 FEDERAL EXPRESS CORPORATION 116.53
APA26000445 FERGUSON 146.61
APA26000446 FRONTIER CALIFORNIA, INC. 6,547.11
APA26000447 GOLDSTAR ASPHALT PRODUCTS 9,250.24
APA26000448 HELIX ENVIRONMENTAL PLANNING INC. 1,122.50
APA26000449 JOLLY JUMPS 1,295.00
APA26000450 KELLEN'S BAIT 223.05
APA26000451 MIG 8,278.50
APA26000452 MORTON PEST CONTROL INC 3,210.00
APA26000453 RSG, INC. 1,900.00
APA26000455 SAN DIEGO ICE COMPANY, INC. 331.87
APA26000456 SBR BROADCASTING CORPORATION 2,000.00
APA26000457 SOUTHERN CALIFORNIA EDISON CO. 93,285.02
APA26000458 SOUTHERN TIRE MART, LLC 1,110.14
APA26000459 SPORTS SAINTS 562.50
APA26000460 SUNBELT RENTALS, INC. 7,481.48
APA26000461 TRB AND ASSOCIATES, INC. 1,704.10
APA26000462 UNIFIRST CORP 478.26
9912 AK SECURITY ALARM LLC 3,739.40
9913 AMAZON BUSINESS 6,303.37
9915 DOWNS ENERGY 5,068.68
9916 HI-WAY SAFETY, INC. 2,803.76
9917 REGIONAL CONSERVATION AUTHORITY 234,341.00
9918 RIVERSIDE COUNTY FIRE DEPARTMENT 785,639.04
9919 SEARLE CREATIVE GROUP LLC 1,260.00
9920 SEARLE CREATIVE GROUP LLC 630.00
9921 SEARLE CREATIVE GROUP LLC 3,450.00
9922 SEARLE CREATIVE GROUP LLC 480.00
9923 SEARLE CREATIVE GROUP LLC 570.00
9924 SEMPER PATROL, INC 29,952.00
9925 SIMPSON, JASON 204.36
9926 SMER RESEARCH 1, LLC 17,295.04
Attachment 2 1 OF 2
SEPTEMBER 01, 2025
TO SEPTEMBER 07, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
9927 STAPLES ADVANTAGE 130.03
9928 STAPLES ADVANTAGE 34.57
9929 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
143882 AMERICAN ALLIANCE DRUG TESTING 85.00
143883 EVMWD 42,671.37
143887 GEORGE MCDONOUGH 460.00
143888 PIAZZA, DOMENICO 20.34
143889 SELVAGGIO, JOSEPH 150.00
143890 MOSS BROS CHEVROLET 88,928.51
DFT260140 COLONIAL LIFE 1,693.08
DFT260171 FIRST AMERICAN TITLE COMPANY 445,714.42
DFT260181 FRONTIER CALIFORNIA - INTERNET 480.98
GRAND TOTAL 2,053,480.82 $
Attachment 2 2 OF 2

5)
CC Warrant Report Dated September 08, 2025 to September 14, 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:September 23, 2025
Subject:CC Warrant Report Dated September 08, 2025 to September 14, 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
SEPTEMBER 08, 2025
TO SEPTEMBER 14, 2025 CITY OF LAKE ELSINORE CITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,800,157.95 $
103 THE ANCHOR 1,055.98
110 GAS TAX 1,370.08
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 49,336.15 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 4,436.67 180 LAUNCH POINTE 75,608.69
300 INSURANCE SERVICE (9,662.80)
305 INFORMATION SYSTEMS SERVICE 65,872.64
310 SUPPORT SERVICE 3,883.87
315 FLEET SERVICE 25,976.02
320 FACILITIES SERVICE 54,874.34
330 CFD 2015-2S MAINTENANCE SERVICES 3,158.22
368 CFD 2006-2 VISCAYA IMPROVEMENT 400.50
383 CFD 2025-2 CAMBERN APARTMENTS SERVICES 319.12
500 CAPITAL IMPROVEMENT PLAN 668,291.60
620 COST RECOVERY TRUST DEPOSITS 608.96
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 1,645.64 GRAND TOTAL 2,747,333.63 $
Attachment 1 1 of 1
SEPTEMBER 08, 2025
TO SEPTEMBER 14, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA26000463 1111 SYSTEMS, INC 12,484.92 $
APA26000464 AARON CHEVROLET 1,656.81
APA26000465 ACTION GAS & WELDING SUPPLY 62.30
APA26000466 ADVANCED HEATING AND AIR CONDITIONING 33,010.00 APA26000467 AMBER AIR CONDITIONING, INC. 127,848.00
APA26000468 ANIMAL FRIENDS OF THE VALLEY 23,717.89
APA26000469 AT&T 2,750.00
APA26000470 AZTECA CLEANING SERVICES LLC 8,742.08
APA26000471 BURKE, WILLIAMS & SORENSEN, LLP 400.50
APA26000472 CALIFORNIA, DEPARTMENT OF JUSTICE 35.00
APA26000473 CDW GOVERNMENT, INC. 4,114.07
APA26000474 CHARTER COMMUNICATIONS 999.22
APA26000475 COMMERCIAL TRANSPORTATION SERVICES 744.19
APA26000476 CORODATA RECORDS MANAGEMENT, INC. 259.87
APA26000477 COSTAR REALTY INFORMATION INC. 902.14
APA26000478 DIRECTV 157.99
APA26000479 DISCOUNT HAULING & CLEANUP SERVICE 15,460.00 APA26000480 DUSTIN THOMPSON PHOTOGRAPHY 1,684.00
APA26000481 ENSURITY MOBILE CORP. 1,044.00
APA26000482 FERGUSON 161.30
APA26000483 FRONTIER CALIFORNIA - INTERNET 951.60
APA26000484 FRONTIER CALIFORNIA, INC. 90.53
APA26000485 FRONTIER CALIFORNIA, INC. 169.06
APA26000486 GREAT AMERICA FINANCIAL SERVICES 161.43
APA26000487 HANCOCK, LORENA 2,025.00
APA26000488 HELIX ENVIRONMENTAL PLANNING INC. 3,235.00
APA26000489 HUNSAKER & ASSOCIATES IRVINE, INC. 5,911.00 APA26000490 INNOVATIVE DOCUMENT SOLUTIONS 3,686.44
APA26000491 INTERPRETERS UNLIMITED 12.00
APA26000492 LAKE ELSINORE UNIFIED SCHOOL DISTRICT 2,387.63 APA26000493 LIUNA LOCAL 777 684.00
APA26000494 MIRACLE RECREATION EQUIPMENT CO. 4,337.47
APA26000495 NPG, INC. 6,945.00
APA26000496 O'REILLY AUTO STORES INC/FIRST CALL 53.37
APA26000497 PRESS-ENTERPRISE, THE 3,524.06
APA26000498 PYE BARKER 189,703.70
APA26000499 QUINN COMPANY 985.05
APA26000500 R & R INDUSTRIES, INC. 8,236.57
APA26000501 RAPID FIRE SAFETY & SECURITY LLC 515.00
APA26000502 RIGHTWAY SEPTIC TANK PUMPING 975.00
APA26000503 SAFETY-KLEEN SYSTEMS, INC. 270.17
Attachment 2 1 OF 4
SEPTEMBER 08, 2025
TO SEPTEMBER 14, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA26000504 SAN DIEGO ICE COMPANY, INC. 189.64
APA26000505 SCOTT FAZEKAS & ASSOCIATES, INC. 2,112.76
APA26000506 SOUTHERN CALIFORNIA EDISON CO. 58,150.67
APA26000507 STAUFFER LAWN EQUIPMENT 742.76
APA26000508 TRANSTECH ENGINEERS, INC. 1,870.00
APA26000509 UNIFIRST CORP 541.96
APA26000510 VALLEY-WIDE ELITE GYMNASTICS 1,218.94
APA26000511 VULCAN MATERIALS COMPANY 1,176.70
APA26000512 WAXIE SANITARY SUPPLY 3,777.60
APA26000513 WEST COAST SERVICES 1,135.00
APA26000514 WILSON MIKAMI CORPORATION 15,276.00
9930 AK SECURITY ALARM LLC 43,789.10
9931 ALVAREZ ENTERPRISE SERVICES 11,476.89
9932 AMAZON BUSINESS 6,098.91
9933 ARELLANO ASSOCIATES 698.84
9934 BMW MOTORCYCLES OF RIVERSIDE 2,126.02
9935 BMW MOTORCYCLES OF RIVERSIDE 565.33
9936 CIVICA LAW GROUP, APC 9,863.73
9937 CM WASH EQUIPMENT 3,002.75
9938 COMMERCIAL DOOR COMPANY, INC. 1,351.75
9939 COTTER CONSTRUCTION, INC. 6,175.10
9940 CUSIP GLOBAL SERVICES 91.00
9941 DELONE, MARIA JAZMINE 596.25
9942 DOWNS ENERGY 4,016.17
9943 ENDRESEN DEVELOPMENT, INC. 15,755.04
9944 ENDRESEN DEVELOPMENT, INC. 17,936.87
9945 ENDRESEN DEVELOPMENT, INC. 576.00
9946 ENDRESEN DEVELOPMENT, INC. 576.00
9947 ENDRESEN DEVELOPMENT, INC. 100,000.00
9948 ENDRESEN DEVELOPMENT, INC. 7,500.00
9949 ENDRESEN DEVELOPMENT, INC. 576.00
9950 ENDRESEN DEVELOPMENT, INC. 1,525.22
9951 ENDRESEN DEVELOPMENT, INC. 13,488.80
9952 ENDRESEN DEVELOPMENT, INC. 16,372.00
9953 GENERAL UPHOLSTERY 5,218.75
9954 HDR ENGINEERING, INC. 82,773.99
9955 HEFINGTON MARTIAL ARTS 506.25
9956 HI-WAY SAFETY, INC. 983.95
9957 LAKE ELSINORE TIRE & AUTO, INC. 2,790.37
9958 MURPHY & EVERTZ LLP 1,634.00
9959 MURPHY & EVERTZ LLP 574.00
9960 MURPHY & EVERTZ LLP 1,157.00
Attachment 2 2 OF 4
SEPTEMBER 08, 2025
TO SEPTEMBER 14, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
9961 MURPHY & EVERTZ LLP 1,322.50
9962 PURSUIT ELECTRIC, INC. 14,080.00
9963 QUADIENT FINANCE USA, INC. 36.00
9964 RENTERIA, YARABITH BUENFIL 1,129.50
9965 RIGHTWAY SITE SERVICES, INC. 799.79
9966 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,125,782.80 9967 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 30,451.90 9968 SECURITAS SECURITY SERVICES USA, INC. 3,143.52
9969 SECURITAS SECURITY SERVICES USA, INC. 3,196.80
9970 SECURITAS SECURITY SERVICES USA, INC. 3,209.99
9971 SEMPER PATROL, INC 14,720.00
9972 SERVICE FIRST 14,598.10
9973 SKYLINE SAFETY AND SUPPLY, LLC 1,037.78
9974 SOUTHERN CALIFORNIA GAS CO. 2.20
9975 SOUTHERN CALIFORNIA GAS CO. 39.05
9976 SOUTHERN CALIFORNIA GAS CO. 14.79
9977 SOUTHERN CALIFORNIA GAS CO. 14.79
9978 SOUTHERN CALIFORNIA GAS CO. 14.79
9979 SOUTHERN CALIFORNIA GAS CO. 25.81
9980 SOUTHERN CALIFORNIA GAS CO. 573.64
9981 SOUTHERN CALIFORNIA GAS CO. 14.79
9982 SOUTHERN CALIFORNIA GAS CO. 56.69
9983 SOUTHERN CALIFORNIA GAS CO. 103.00
9984 SOUTHERN CALIFORNIA GAS CO. 94.20
9985 SOUTHERN CALIFORNIA MULCH, INC. 9,450.00
9986 SOUTHERN CALIFORNIA MULCH, INC. 16,450.00
9987 STAPLES ADVANTAGE 222.88
9988 STAPLES ADVANTAGE 237.16
9989 VCS ENVIRONMENTAL 265.00
9990 WKE, INC. 5,023.66
143891 DE LA TORRE, GUSTAVO 150.00
143892 GONZALES, HECTOR 150.00
DFT260180 CORE-MARK US, LLC 1,024.50
DFT260182 CALPERS (700.00)
DFT260183 INTERNAL REVENUE SERVICE 119,928.55
DFT260184 FRANCHISE TAX BOARD 26,344.17
DFT260185 PAYCHEX OF NEW YORK, LLC 2,294.98
DFT260186 RIVERSIDE COUNTY SHERIFF'S OFFICE 926.50
DFT260187 STATE DISBURSEMENT UNIT 1,848.44
DFT260188 INTERNAL REVENUE SERVICE 198.50
DFT260189 STATE DISBURSEMENT UNIT 245.53
DFT260190 STATE DISBURSEMENT UNIT 134.30
Attachment 2 3 OF 4
SEPTEMBER 08, 2025
TO SEPTEMBER 14, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
DFT260191 MISSION SQUARE RETIREMENT 7,958.61
DFT260192 NATIONWIDE TRUST COMPANY, FSB 2,156.52
DFT260193 MISSION SQUARE RETIREMENT 534.20
DFT260194 TASC 12,773.46
DFT260195 CALPERS 400.00
DFT260196 CALPERS 76,704.13
PR09112025 NET PAYROLL 331,068.64
GRAND TOTAL 2,747,333.63 $
Attachment 2 4 OF 4

6)
CC Investment Report for August 2025
Receive and file the Investment Report for August 2025.

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:September 23, 2025
Subject:CC Investment Report for August 2025
Recommendation
Receive and file the Investment Report for August 2025.

Discussion
The Investment Report lists all funds invested for the City as the date shown on the report.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1 - Investment Report August 2025
Administrative Services
CI

TY OF LAKE ELSINORE
I

NVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account 3,538,427$ 63,760$ (195,698)$ 3,406,489$ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 3,538,427 63,760 (195,698) 3,408,789

INVESTMENTS
Local Agency Investment Funds 63,135,255 - - 63,135,255 CAMP Investments:

CAMP Pool Account 568,855 - - 568,855.03
U.S. Treasury Bond / Note 24,213,109 - - 24,213,109.41
Municipal Bond / Note 285,000 - - 285,000.00
Federal Agency Commercial Mortgage-Backed Security 8,592,669 - - 8,592,668.55 Federal Agency Bond / Note 1,495,116 - - 1,495,116.00
Corporate Note 11,504,974 - - 11,504,974.40
Certificate of Deposit 900,000 - - 900,000.00
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 6,967,843 - - 6,967,842.89
Sub-total Investments 118,188,346 - - 118,188,346
Market Value Adjustment:

Unrealized Gain/(Loss) at 08/31/2025 944,293 - - 944,293 Total Investments 119,132,639 - - 119,132,639
Total Pooled Cash and Investments 122,671,066$ 63,760$ (195,698)$ 122,541,429$ TOTAL POOLED CASH AND INVESTMENTS 122,541,429$
I certify that this report accurately reflects all pooled investments and it is in conformity with the investment policy as approved by the City Council on June 24, 2025. A copy of this policy is available in the office of the City Clerk. The pooled investments shown above provide sufficient cash flow liquidity to meet the next six months estimated expenditures.

Jason P. Simpson September 9, 2025
City Manager Date

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

INVESTMENT REPORT OF POOLED CASH AND INVESTMENTS
AS OF AUGUST 31, 2025

FUND NO FUND NAME AMOUNT
100 General 18,923,163$
102 Measure Z 13,162,819
106 Affordable Housing In Lieu 2,065,402
107 Developer Agreement Revenue 319,434
108 American Rescue Plan 754,546
109 Road Maintenance and Rehabilitation (SB1) 3,086,823 110 State Gas Tax 1,946,486
111 TUMF C.I.P. 20,051
112 Measure A 2,196,721
113 SB821 Pedestrian Sidewalk 520
114 SB1186 CASP Education Program 85,127
115 Traffic Safety 15,798
116 City Hall-Public Works DIF 727,405
117 Community Center DIF 679,195
118 Lake Side Facility DIF 956,140
119 Animal Shelter DIF 149,466
121 T.R.I.P.-2014A 2,580
135 Lighting & Landscape Maintenance - Dist. No. 1 2,150,067 140 Geothermal 12,976
202 La Strada RBBD 26,465
203 E.L.S.P. - S.T.I.F. 3,732,024
205 Traffic Impact Fee 1,041,565
211 Storm Drain C.I.P. 2,840,515
231 Library C.I.P. 1,134,315
232 City Fire Protection 1,395,247
300 Insurance Service 295,739
305 Information Systems Service 2,312,884
310 Support Service 32,867
320 Facilities Service 2,789,407
331 CFD 2006-1CC Summerly Improvement Area CC 41,093
332 CFD 2006-1 Improvement Area B, Summerly 9,958
333 CFD 2015-3 Terracina 239,538
334 CFD 2015-5 Trieste - Far West Industries 32,952
335 CFD 2003-2E Canyon Hills Improvement Area E 32,247
336 CFD 2006-1FF Summerly Improvement Area FF 31,538
337 CFD 2016-2 Canyon Hills 184,786
338 CFD 2006-1 IA-JJ Summerly Improvement Area 63,218
339 CFD 2006-1 IA-KK Summerly Improvement Area 28,363
340 CFD 2006-1 IA-EE Summerly Improvement Area 34,632
345 CFD 2003-2 Improvement Area D, Canyon Hills 674,304

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

POOLED CASH AND INVESTMENTS BY FUND
AS OF AUGUST 31, 2025

FUND NO FUND NAME AMOUNT

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

POOLED CASH AND INVESTMENTS BY FUND
AS OF AUGUST 31, 2025
346 CFD 2014-1 Southshore 64,212
347 CFD 2006-1 Improvement Area A, Summerly 7,465
350 CFD 98-1 Summerhill 59,703
351 CFD 2006-1 IA-II Summerly Improvement 63,741
354 CFD 90-2 Tuscany Hills 536
357 CFD 2003-2 Canyon Hills Improvement Area 9,324
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 30,861 361 CFD 2022-2 Lakeshore Improvement 5,777
364 CFD 2023-2 Coastal Mission Trail Improvement 6,045
366 CFD 2005-6 City Center Townhomes 50,521
368 CFD 2006-2 Viscaya 78,606
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 140,652 370 CFD 2006-1 IA-HH Summerly Improvement 41,023
371 CFD 2005-1 Serenity 51,739
372 CFD 2005-2 Alberhill Ranch Improvement Area 130,193 374 CFD 2005-4 Lakeview Villas 4,950
375 CFD 2006-4 Clurman 52,739
377 CFD 2006-6 Tessara 42,516
378 CFD 2006-8 Running Deer Estates 32,754
379 CFD 2022-1 Alberhill 181,952
383 CFD 2025-2 Cambern Apartments 378
384 CFD 2003-2 Area B Canyon Hills Improvement Area 589,593 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 285,045 386 CFD 2007-4 Mekenna Court 44,005
387 CFD 2007-5 Red Kite 21,895
388 CFD 2007-6 Holiday Inn Express 5,801
389 CFD 88-3 (2008A) West Lake Elsinore Series A 2,000
390 CFD 2003-2 Area C Canyon Hills Improvement Area 57,863 392 CFD 95-1 City Center 106,606
394 CFD 2005-5 (2012A) Wasson Canyon 37,393
395 CFD 2018-1 Wasson Canyon II Improvement Area 1,079
396 CFD 2018-2 Nichols Ranch Improvement Area 44,454
397 CFD 2018-3 Village at Lakeshore 65,041
500 Capital Improvement Plan 4,067,899
603 Endowment Trust - Carl Graves 69,973
604 Endowment Trust - Korn Memorial 37,288
605 Public Improvement Trust 2,984,714
606 Mobile Source Air Polution Reduction 220,681
608 Trust Deposit & Pre Paid Expense 1,794,341
617 Successor Agency Housing 40,412,019

FUND NO FUND NAME AMOUNT

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

POOLED CASH AND INVESTMENTS BY FUND
AS OF AUGUST 31, 2025
620 Cost Recovery System 6,009,853
631 Lake Destratification Equipment Replacement 357,326 650 CFD 2003-1 Law & Fire Service 34,698
655 CFD 2015-1s Law, Fire, Paramedic Services 7,800
Total Pooled Cash & Investments 122,541,429$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.48% 568,855$
U.S. Treasury Bond / Note Unlimited 20.49% 24,213,109$
Supra-National Agency Bond / Note 30% 0.00% -$
Municipal Bond / Note Unlimited 0.24% 285,000$
Federal Agency Collaterized Mortgage Obligation 40% 7.27% 8,592,669$ Federal Agency Bond / Note Unlimited 1.27% (1) 1,495,116$ Banker's Acceptance 40.00% 0.00% -$
Corporate Note (Includes Bank Note) 30% 10.18% 12,030,499$ Commercial Paper 25% 0.00% -$
Negotiable Certificates of Deposit 30% 0.76% 900,000$
Asset-Backed Security / Collaterized Mortgage 20% 5.90% 6,967,843$ Repurchase Agreements Unlimited 0 -$
Reverse Repurchase Agreements 10.00% 0.00% -$
LAIF (Local Agency Investment Funds) $150 Million 53.42% (2) 63,135,255$ Placement Service Deposits (PDS) 30% 0.00% -$
TOTAL 100.00% 118,188,346$
Note:
(1) No more than 40% in any one federal agency. See CAMP Portfolio Statement for listing of agencies. (2) Investment in LAIF may not exceed $75 million in each agency.

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

SUMMARY OF POLICY LIMITATIONS
FOR THE MONTH ENDING AUGUST 31, 2025
Loc
al Agency Investment Fund

August 4.251
July 4.258
June 4.269
May 4.272
April 4.281
March 4.313
PMIA Average Life(1): 248
LAIF Fair Value Factor(1): 1.001198310
PMIA Daily(1): 4.26
PMIA Quarter to Date(1): 4.27
LAIF Apportionment Rate(2): 4.40
LAIF Earnings Ratio(2): 0.00012059828906715
LAIF Administrative Cost(1)*: 0.18
Treasuries

51.92%
Agencies

28.21%
Certificates of
Deposit/Bank Notes

9.47%
Time
Deposits

3.09%
Commercial
Paper

6.58%
Corporate
Bonds

0.58%
Loans

0.15%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) .
*The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.

Source:
(1) State of California, Office of the Treasurer
(2) State of California, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 09/04/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 6/30/25
Chart does not include $1,037,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
7/31/25
$171.6 billion

Yield Purchase Date Maturity Rate

4.251% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 73,935,255$ (10,800,000)$ 63,135,255$ Note:

Per California State Treasurer, LAIF Statute 16429.1: Separate accounts for each governmental unit shall be maintained.

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

LOCAL AGENCY INVESTMENT FUND

TRANSACTION SUMMARY
FOR THE MONTH ENDING AUGUST 31, 2025
CAMP
Investment Portfolio

CITY OF LAKE ELSINORE

ACCOUNT STATEMENT
For the Month Ending
August 31, 2025
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF LAKE ELSINORE
Accounts included in Statement

LAKE ELSINORE - CITY FUNDS
www.camponline.comOnline Access 1-800-729-7665Customer Service Important Messages
CAMP will be closed on 09/01/2025 for Labor Day.

CAMP will be closed on 10/13/2025 for Columbus Day.

For the Month Ending August 31, 2025
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.

Monthly distribution yield represents the net change in the value of one share (normally $1.00 per share) resulting from all dividends declared during the month by a fund expressed as a percentage of the value of one share at the beginning of the month. This resulting net change is then annualized by multiplying it by 365 and dividing it by the number of calendar days in the month.

YTM at Cost The yield to maturity at cost is the expected rate of return, based on the original cost, the annual interest receipts, maturity value and the time period from purchase date to maturity, stated as a percentage, on an annualized basis.

YTM at Market The yield to maturity at market is the rate of return, based on the current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

Managed Account A portfolio of investments managed discretely by PFMAM according to the client’s specific investment policy and requirements. The investments are directly owned by the client and held by the client’s custodian.

Unsettled Trade A trade which has been executed however the final consummation of the security transaction and payment has not yet taken place.

Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.

PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101

NOT FDIC INSURED
NO BANK GUARANTEE MAY LOSE VALUE
This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

Proxy Voting PFMAM does not normally receive proxies to vote on behalf of its clients.

However, it does on occasion receive consent requests. In the event a consent request is received the portfolio manager contacts the client and then proceeds according to their instructions. PFMAM’s Proxy Voting Policy is available upon request by contacting Service Operations at the address below.

Questions About an Account PFMAM’s monthly statement is intended to detail our investment advisory activity as well as the activity of any accounts held by clients in pools that are managed by PFMAM. The custodian bank maintains the control of assets and executes (i.e., settles) all investment transactions. The custodian statement is the official record of security and cash holdings and transactions. PFMAM recognizes that clients may use these reports to facilitate record keeping and that the custodian bank statement and the PFMAM statement should be reconciled and differences resolved.

Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference.

Account Control PFMAM does not have the authority to withdraw funds from or deposit funds to the custodian outside the scope of services provided by PFMAM. Our clients retain responsibility for their internal accounting policies; implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions.

Market Value Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may be differences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local government investment program is contained in the appropriate fund offering documentation or information statement.

Amortized Cost The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short term securities (those with less than one year to maturity at time of issuance) is amortized on a straightline basis. Such discount or premium with respect to longer term securities is amortized using the constant yield basis.

Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine the tax consequences of your security transactions. PFMAM does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported to federal, state or other taxing authorities.

Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.

Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.

Portfolio The securities in this portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by PFMAM, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency. Investment in securities involves risks, including the possible loss of the amount invested. Actual settlement values, accrued interest, and amortized cost amounts may vary for securities subject to an adjustable interest rate or subject to principal paydowns. Any changes to the values shown may be reflected within the next monthly statement’s beginning values.

Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.

Shares of some local government investment programs and TERM funds are distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
https://www.finra.org/investors/investor-contacts. A brochure describing the FINRA Regulation Public Disclosure Program is also available from FINRA upon request.

Key Terms and Definitions
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses on the sale of securities prior to maturity, less ratable amortization of any premium and all accrued expenses to the fund. Dividends are accrued daily and may be paid either monthly or quarterly. The monthly earnings on this statement represent the estimated dividend accrued for the month for any program that distributes earnings on a quarterly basis. There is no guarantee that the estimated amount will be paid on the actual distribution date.

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by
For the Month Ending August 31, 2025Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
456,218.22
1,022,283.20
(909,646.39)

0.00 $568,855.03
CAMP Pool
Unsettled Trades 0.00
1,154.51 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
55,169,787.07
902,236.33
(911,361.84)
425,758.67
$55,586,420.23
CAMP Managed Account
Unsettled Trades 0.00
138,457.69 Cash Dividends and Income
August 31, 2025 July 31, 2025
Asset Summary
CAMP Pool 568,855.03 456,218.22
CAMP Managed Account 55,586,420.23 55,169,787.07
$56,155,275.26 $55,626,005.29 Total
Asset Allocation

1.01%
CAMP Pool

98.99%
CAMP Managed
Account

Page 1 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Summary Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dividend
Closing Market Value
Redemptions
Purchases
Opening Market Value
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Closing Market Value
Opening Market Value
Account Total
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Dividends
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
Reconciling Transactions
Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary- Managed Account
$456,218.22
1,022,283.20
(909,646.39)
$568,855.03
1,154.51
$55,169,787.07
(911,361.84)

0.00 902,236.33

0.00 425,758.67
$55,586,420.23
$55,626,005.29
$56,155,275.26
171,623.58
(2,940.90)
(30,224.99)
$138,457.69
805,000.00

0.00 171,623.58
106,361.84
(905,177.23)
(177,808.19)

0.00 Managed Account Total
54,891,647.51 55,460,502.54
321,812.19

0.00 911,361.84
171,623.58
(905,177.23)
(54,870,994.70)
(324,751.64)

0.00 321,812.19
909,646.39
911,361.84
171,623.58
(1,927,460.43)
(55,327,212.92)
(324,751.64)
1,154.51
Total Accrual Basis Earnings $195,521.55 $196,676.06
Transaction Summary - Managed AccountTransaction Summary - Money Market _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
$0.00 Closing Cash Balance

Page 2 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025
Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Percent Par Value Market ValueDescription
U.S. Treasury Bond / Note 25,375,000.00 24,822,201.34 44.20 Municipal Bond / Note 285,000.00 287,079.22 0.51
Federal Agency Commercial
Mortgage-Backed Security
8,726,425.66 8,816,146.71 15.70
Federal Agency Bond / Note 1,500,000.00 1,493,989.70 2.66 Corporate Note 11,635,000.00 11,707,358.72 20.85
Certificate of Deposit 900,000.00 901,590.75 1.61
Bank Note 525,000.00 532,211.40 0.95
Asset-Backed Security 6,965,038.57 7,025,842.39 12.51 Managed Account Sub-Total 55,911,464.23 55,586,420.23 98.99% Accrued Interest 321,812.19
Total Portfolio 55,911,464.23 55,908,232.42
CAMP Pool 568,855.03 568,855.03 1.01
Total Investments 56,480,319.26 56,477,087.45 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

12.51%
ABS

0.95%
Bank Note

1.61%
Cert of Deposit

20.34%
Corporate Note

2.66%
Fed Agy Bond /
Note

15.70%
Federal Agency
Commercial
Mortgage-Backed
Security

1.01%
Joint Powers
Authority

0.51%
Muni Bond / Note

0.51%
Priv Placement
Bond

44.20%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

6.26%

1.66%

8.78%

34.77%

40.89%

7.64%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1062

4.25%

3.87%

Page 3 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025
Managed Account Issuer Summary

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

4.81%
A

4.98%
A+

5.09%
A-

0.80%
A-1+

0.83%
AA

63.93%
AA+

3.98%
AA-

10.57%
AAA

1.01%
AAAm

0.73%
BBB+

3.27%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
224,945.55 0.40 Abbott Laboratories
385,350.00 0.69 Adobe Inc
346,228.12 0.62 Air Products and Chemicals Inc
1,404,287.30 2.50 American Express Co
405,272.00 0.72 Analog Devices Inc
762,601.55 1.36 Apple Inc
605,597.19 1.08 BA Credit Card Trust
687,137.72 1.22 Bank of America Corp
462,849.50 0.82 Bank of New York Mellon Corp
170,352.53 0.30 Bayerische Motoren Werke AG
464,380.90 0.83 Berkshire Hathaway Inc
794,041.75 1.41 BlackRock Inc
374,808.00 0.67 Bristol-Myers Squibb Co
84,528.42 0.15 California State University
568,855.03 1.01 CAMP Pool
736,233.58 1.31 Capital One Financial Corp
50,954.26 0.09 CarMax Inc
218,464.88 0.39 Caterpillar Inc
296,681.40 0.53 Charles Schwab Corp
431,293.80 0.77 Cisco Systems Inc
1,341,388.85 2.39 Citigroup Inc
385,178.62 0.69 Deere & Co
672,533.60 1.20 Discover Card Execution Note Trust
149,967.75 0.27 Federal Home Loan Banks
8,985,845.29 16.00 Federal Home Loan Mortgage Corp
1,174,323.37 2.09 Federal National Mortgage Association 283,993.86 0.51 Fifth Third Auto Trust
74,738.39 0.13 Ford Credit Auto Owner Trust
178,122.03 0.32 GM Financial Consumer Automobile Receiv 82,578.38 0.15 Harley-Davidson Inc
383,780.63 0.68 Home Depot Inc
436,127.34 0.78 Honda Auto Receivables Owner Trust

Page 4 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
402,227.60 0.72 Honda Motor Co Ltd
409,571.23 0.73 JPMorgan Chase & Co
60,706.86 0.11 Lockheed Martin Corp
117,147.40 0.21 Mars Inc
558,306.65 0.99 Mercedes-Benz Auto Receivables Trust
744,453.00 1.33 Microsoft Corp
532,211.40 0.95 Morgan Stanley
499,776.00 0.89 National Australia Bank Ltd
344,704.50 0.61 National Rural Utilities Cooperative Fi 51,470.15 0.09 Nissan Auto Receivables Owner Trust
450,714.15 0.80 Nordea Bank Abp
407,559.60 0.73 PACCAR Inc
101,006.50 0.18 Porsche Innovative Lease Owner
202,550.80 0.36 State of California
205,350.40 0.37 State Street Corp
38,954.24 0.07 Target Corp
86,433.27 0.15 Texas Instruments Inc
450,876.60 0.80 Toronto-Dominion Bank
129,083.37 0.23 Toyota Auto Receivables Owner Trust
380,256.00 0.68 Toyota Motor Corp
24,822,201.34 44.19 United States Treasury
220,111.42 0.39 UnitedHealth Group Inc
417,655.17 0.74 Verizon Master Trust
407,505.60 0.73 Wells Fargo & Co
491,000.42 0.87 WF Card Issuance Trust
$56,155,275.26 Total 100.00%

Page 5 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
73,417.95 73,565.25 444.29 70,441.41 01/17/2301/13/23Aa1AA+ 75,000.00 912828U24 3.72

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
227,118.15 223,464.67 24.86 222,547.85 03/06/2403/01/24Aa1AA+ 225,000.00 91282CGP0 4.30

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
403,765.60 395,934.47 44.20 393,640.63 04/05/2404/03/24Aa1AA+ 400,000.00 91282CGP0 4.45

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
2,473,064.30 2,405,075.30 270.72 2,383,390.63 05/06/2405/01/24Aa1AA+ 2,450,000.00 91282CGP0 4.79

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
210,937.50 205,852.98 481.49 198,641.60 07/03/2407/01/24Aa1AA+ 225,000.00 91282CCH2 4.49

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,195,312.50 1,195,322.44 2,728.43 1,169,364.26 09/06/2409/04/24Aa1AA+ 1,275,000.00 91282CCH2 3.59

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,218,750.00 1,206,751.23 2,781.93 1,173,960.94 08/05/2408/01/24Aa1AA+ 1,300,000.00 91282CCH2 3.96

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
2,250,000.00 2,254,844.75 5,135.87 2,211,468.75 10/07/2410/01/24Aa1AA+ 2,400,000.00 91282CCH2 3.51

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
2,718,750.00 2,660,256.42 6,205.84 2,565,253.91 06/11/2406/06/24Aa1AA+ 2,900,000.00 91282CCH2 4.39

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,205,156.40 1,185,410.63 7,703.80 1,182,093.75 11/05/2410/31/24Aa1AA+ 1,200,000.00 91282CJR3 4.14

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,380,908.38 1,349,283.78 8,827.28 1,344,653.32 01/07/2501/02/25Aa1AA+ 1,375,000.00 91282CJR3 4.36

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
1,481,338.08 1,448,814.15 9,469.26 1,444,693.36 02/06/2502/03/25Aa1AA+ 1,475,000.00 91282CJR3 4.33

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
2,611,172.20 2,571,586.48 16,691.58 2,565,773.44 12/06/2412/03/24Aa1AA+ 2,600,000.00 91282CJR3 4.10

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
591,773.40 589,474.77 3,338.32 589,054.69 07/03/2507/01/25Aa1AA+ 600,000.00 91282CEV9 3.75

Page 6 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
887,660.10 880,361.61 5,007.47 878,414.06 04/04/2504/01/25Aa1AA+ 900,000.00 91282CEV9 3.87

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
887,660.10 876,907.97 5,007.47 875,566.41 06/05/2506/02/25Aa1AA+ 900,000.00 91282CEV9 3.98

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
912,317.33 902,636.22 5,146.57 902,236.33 08/05/2508/01/25Aa1AA+ 925,000.00 91282CEV9 3.94

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
1,479,433.50 1,478,482.24 8,345.79 1,476,796.88 05/06/2505/01/25Aa1AA+ 1,500,000.00 91282CEV9 3.65

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
2,613,665.85 2,574,051.67 14,744.23 2,565,117.19 03/06/2503/03/25Aa1AA+ 2,650,000.00 91282CEV9 4.06 102,399.40 24,822,201.34 24,478,077.03 4.10 24,213,109.41 25,375,000.00 Security Type Sub-Total Municipal Bond / Note

CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
84,528.42 85,000.00 244.23 85,000.00 07/29/2107/09/21Aa2AA- 85,000.00 13077DQD7 0.86 CA ST
DTD 03/15/2023 4.846% 03/01/2027
202,550.80 200,000.00 4,846.00 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85 5,090.23 287,079.22 285,000.00 3.67 285,000.00 285,000.00 Security Type Sub-Total Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
239,073.25 239,435.15 550.99 230,896.38 04/14/2304/11/23Aa1AA+ 240,869.90 3137BNGT5 4.32 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
541,743.40 543,240.98 1,215.96 526,839.84 04/12/2304/06/23Aa1AA+ 550,000.00 3137BSP72 3.98 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
359,952.71 360,396.81 1,016.22 353,130.62 05/24/2305/19/23Aa1AA+ 364,345.63 3137BTUM1 4.29 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
543,250.40 536,434.73 1,477.67 518,804.69 08/18/2308/16/23Aa1AA+ 550,000.00 3137BXQY1 4.94

Page 7 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Federal Agency Commercial Mortgage-Backed Security
FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
542,838.45 540,199.51 1,486.38 527,033.20 06/13/2306/08/23Aa1AA+ 550,000.00 3137F1G44 4.42 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
389,530.32 382,844.10 1,549.88 382,842.02 12/14/2312/06/23Aa1AA+ 382,845.08 3137HBC69 4.86 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
435,773.43 432,191.68 1,720.51 432,187.08 07/27/2307/19/23Aa1AA+ 432,197.86 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
560,581.45 553,138.20 2,208.71 555,493.40 07/20/2307/13/23Aa1AA+ 550,000.00 3137HACX2 4.59 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
528,699.82 520,038.57 1,833.89 516,316.11 07/31/2307/18/23Aa1AA+ 525,220.24 3136BQDE6 4.58 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
510,380.50 492,912.91 1,975.00 489,032.00 10/19/2310/11/23Aa1AA+ 500,000.00 3137HAQ74 5.25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
812,958.40 792,502.38 3,100.00 788,165.60 09/14/2309/07/23Aa1AA+ 800,000.00 3137HAMH6 4.99 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
384,026.63 367,005.35 1,515.63 363,043.88 10/31/2310/25/23Aa1AA+ 375,000.00 3137HAST4 5.60 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
510,404.50 496,085.96 2,000.00 494,023.50 09/28/2309/20/23Aa1AA+ 500,000.00 3137HAMS2 5.07 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
185,126.22 179,651.90 760.35 179,479.62 11/21/2311/14/23Aa1AA+ 180,000.00 3137HB3D4 5.14 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
281,369.00 274,468.04 1,113.75 274,209.93 12/07/2311/28/23Aa1AA+ 275,000.00 3137HB3G7 4.93 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
295,059.92 292,040.30 1,104.90 292,899.71 02/08/2402/01/24Aa1AA+ 290,000.00 3137HBLV4 4.34 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
450,038.60 442,174.96 1,730.67 442,702.04 07/25/2407/16/24Aa1AA+ 440,000.00 3137HDV56 4.58 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
549,249.16 535,946.96 2,145.13 535,945.35 06/13/2406/05/24Aa1AA+ 535,946.96 3137HDJJ0 4.80

Page 8 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

FEDERAL HOME LOAN BANK
DTD 09/11/2020 0.375% 09/04/2025
149,967.75 149,999.25 276.56 149,550.00 09/11/2009/10/20Aa1AA+ 150,000.00 3130AK5E2 0.44

FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
698,398.40 699,974.22 1,152.08 697,893.00 09/25/2009/23/20Aa1AA+ 700,000.00 3137EAEX3 0.44

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
645,623.55 649,914.44 1,029.17 647,673.00 11/12/2011/09/20Aa1AA+ 650,000.00 3135G06G3 0.57 2,457.81 1,493,989.70 1,499,887.91 0.50 1,495,116.00 1,500,000.00 Security Type Sub-Total Corporate Note

ABBOTT LABORATORIES (CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025
224,945.55 225,000.00 4,020.31 257,845.50 09/28/2009/24/20Aa3AA- 225,000.00 002824BM1 0.86

UNITEDHEALTH GROUP INC (CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
220,111.42 224,944.63 761.88 224,608.50 05/19/2105/17/21A2A+ 225,000.00 91324PEC2 1.19

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
170,352.53 174,990.03 115.45 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
218,464.88 224,691.72 563.13 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
38,954.24 39,981.24 99.67 39,932.00 01/24/2201/19/22A2A 40,000.00 87612EBM7 1.99

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
462,849.50 474,703.82 946.70 473,945.50 01/28/2201/26/22Aa3A 475,000.00 06406RBA4 2.10

Page 9 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
744,453.00 739,671.47 1,718.75 721,942.50 03/17/2303/14/23AaaAAA 750,000.00 594918BY9 4.36

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
293,403.90 291,669.74 3,761.25 277,203.00 01/18/2301/13/23A2A- 300,000.00 025816CS6 4.59

BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
464,380.90 472,254.34 5,037.64 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70

CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
296,681.40 294,190.16 4,125.00 284,925.00 02/22/2302/17/23A2A- 300,000.00 808513BW4 4.66

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
499,776.00 495,288.65 4,447.36 488,325.00 01/18/2301/13/23Aa2AA- 500,000.00 63254ABE7 4.50

APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
762,601.55 760,135.93 10,550.76 741,062.75 01/23/2301/19/23AaaAA+ 775,000.00 037833DB3 3.94

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
380,256.00 375,615.92 2,360.68 376,282.50 02/10/2302/08/23A1A+ 375,000.00 89236TKQ7 4.55

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
344,704.50 339,786.87 793.33 329,189.00 02/22/2302/17/23A1A- 350,000.00 637432NP6 4.76

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
86,433.27 86,040.59 173.78 87,043.40 05/18/2305/11/23Aa3A+ 85,000.00 882508BV5 4.04

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
374,808.00 366,627.17 446.88 358,263.75 03/13/2303/09/23A2A 375,000.00 110122DE5 4.93

LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
60,706.86 59,941.23 786.17 59,892.00 05/25/2305/23/23A2A- 60,000.00 539830BZ1 4.49

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
385,178.62 376,654.30 2,423.44 377,865.00 07/25/2307/21/23A1A 375,000.00 24422EXB0 4.78

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
785,923.50 747,578.95 18,376.17 746,280.00 10/04/2310/02/23Aa3A+ 750,000.00 17325FBB3 5.92

AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
346,228.12 339,678.37 999.22 339,547.80 02/08/2402/06/24A2A 340,000.00 009158BH8 4.63

Page 10 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
431,293.80 419,894.77 282.92 419,853.00 02/26/2402/21/24A1AA- 420,000.00 17275RBR2 4.86

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
51,228.50 49,933.98 1,090.14 49,909.50 03/14/2403/05/24Aa3AA- 50,000.00 09290DAA9 4.74

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
742,813.25 725,261.75 15,807.01 725,355.25 03/14/2403/06/24Aa3AA- 725,000.00 09290DAA9 4.69

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
174,692.00 169,833.70 3,332.00 169,775.60 04/04/2404/02/24A1A+ 170,000.00 00724PAF6 4.83

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
210,658.00 204,773.41 4,018.00 204,694.55 04/04/2404/01/24A1A+ 205,000.00 00724PAF6 4.83

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
112,064.04 110,078.41 1,943.82 110,088.00 04/23/2504/16/25A1BBB+ 110,000.00 95000U3T8 4.95

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
295,441.56 290,000.00 5,124.62 290,000.00 04/23/2504/15/25A1BBB+ 290,000.00 95000U3T8 4.97

BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
606,616.20 600,000.00 8,629.60 600,000.00 05/09/2505/06/25A1A- 600,000.00 06051GMT3 4.62

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
127,926.88 124,367.55 1,088.54 124,193.75 06/25/2406/17/24A2A 125,000.00 437076DC3 4.90

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
255,853.75 248,923.93 2,177.08 248,627.50 06/25/2406/18/24A2A 250,000.00 437076DC3 4.88

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
402,227.60 399,607.05 8,604.44 399,520.00 09/05/2409/03/24A3A- 400,000.00 02665WFQ9 4.43

MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
117,147.40 114,886.32 2,591.33 114,875.80 03/12/2503/05/25A2A 115,000.00 571676AY1 4.83

STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
205,350.40 200,000.00 3,410.66 200,000.00 04/24/2504/22/25Aa3A 200,000.00 857477DB6 4.83

PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
407,559.60 399,415.77 5,712.78 399,380.00 05/08/2505/05/25A1A+ 400,000.00 69371RT71 4.59

Page 11 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
405,272.00 399,662.45 3,750.00 399,648.00 06/16/2506/12/25A2A- 400,000.00 032654BE4 4.52 130,070.51 11,707,358.72 11,566,084.22 4.27 11,504,974.40 11,635,000.00 Security Type Sub-Total Certificate of Deposit

TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
450,876.60 450,000.00 21,770.00 450,000.00 10/31/2210/27/22A2A- 450,000.00 89115B6K1 5.60

NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
450,714.15 450,000.00 8,156.75 450,000.00 11/03/2211/02/22P-1A-1+ 450,000.00 65558UYF3 5.53 29,926.75 901,590.75 900,000.00 5.57 900,000.00 900,000.00 Security Type Sub-Total Bank Note

MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
532,211.40 525,338.05 3,405.15 525,525.00 07/19/2407/18/24Aa3A+ 525,000.00 61690U8E3 4.94 3,405.15 532,211.40 525,338.05 4.94 525,525.00 525,000.00 Security Type Sub-Total Asset-Backed Security
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
50,954.26 51,006.90 90.00 51,006.10 07/20/2207/12/22NRAAA 51,007.31 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
51,470.15 51,453.66 102.00 51,446.94 09/28/2209/20/22AaaAAA 51,457.59 65480JAC4 4.46 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
87,433.53 87,312.75 175.36 87,304.22 10/12/2210/04/22NRAAA 87,318.53 36265QAD8 4.82 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
129,083.37 128,877.26 265.20 128,877.23 01/30/2301/24/23NRAAA 128,877.29 891940AC2 4.63 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
245,186.94 244,983.52 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
82,578.38 82,366.78 184.88 82,362.43 02/23/2302/13/23AaaNR 82,370.72 41285JAD0 5.05

Page 12 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
74,738.39 74,568.84 154.12 74,564.99 03/31/2303/28/23NRAAA 74,572.76 344928AD8 4.65 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
240,016.39 238,252.13 465.50 238,229.96 08/22/2308/15/23NRAAA 238,279.09 43815QAC1 5.42 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
320,288.00 319,990.44 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
170,781.66 169,978.81 361.91 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
190,990.09 189,990.73 411.24 189,983.15 06/14/2306/07/23NRAAA 190,000.00 02582JJZ4 4.87 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
491,046.64 489,938.89 962.58 489,887.64 05/24/2305/17/23NRAAA 490,000.00 14041NGD7 4.42 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
352,245.60 349,973.44 766.89 349,952.72 06/28/2306/21/23AaaAAA 350,000.00 254683CZ6 4.93 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
80,548.95 79,650.53 125.46 79,645.37 11/08/2311/01/23AaaNR 79,659.40 438123AC5 5.67 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
283,993.86 281,485.51 691.85 281,478.42 08/23/2308/15/23AaaAAA 281,495.87 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
409,571.23 404,928.39 928.80 404,887.73 09/15/2309/07/23NRAAA 405,000.00 161571HT4 5.17 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
414,912.62 409,988.50 953.02 409,981.67 09/19/2309/12/23NRAAA 410,000.00 02582JKD1 5.23 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
101,006.50 99,990.38 140.86 99,989.29 05/21/2505/14/25NRAAA 100,000.00 73329KAD8 4.61 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
181,979.28 179,984.03 398.40 179,975.83 12/14/2312/07/23AaaNR 180,000.00 05522RDH8 4.98 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
504,980.69 494,898.53 1,150.60 494,898.53 04/23/2404/16/24NRAAA 495,000.00 02582JKH2 5.23

Page 13 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Original YTM Accrued Amortized MarketTrade Settle Par
Asset-Backed Security
HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
115,562.00 114,988.25 212.11 114,987.15 05/08/2504/29/25AaaNR 115,000.00 437921AD1 4.15 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
80,521.52 79,995.07 106.33 79,994.48 05/12/2505/06/25AaaNR 80,000.00 05594BAD8 4.35 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
558,306.65 553,396.09 1,168.44 553,673.83 04/09/2504/08/25AaaNR 550,000.00 58773DAD6 4.62 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
417,655.17 414,984.65 571.89 414,982.16 03/31/2503/25/25AaaNR 415,000.00 92348KDY6 4.51 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
90,688.50 89,987.56 160.50 89,986.75 05/14/2505/06/25AaaAAA 90,000.00 362549AD9 4.28 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
252,836.25 250,000.00 478.89 249,999.05 06/12/2506/05/25NRAAA 250,000.00 05522RDK1 4.31 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
491,000.42 484,993.82 935.51 484,991.95 06/10/2506/03/25NRAAA 485,000.00 92970QAJ4 4.34 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
555,465.35 549,855.78 4,270.14 549,850.79 06/26/2506/18/25AaaAAA 550,000.00 17305EHA6 4.31 17,384.46 7,025,842.39 6,967,821.24 4.75 6,967,842.89 6,965,038.57 Security Type Sub-Total 55,911,464.23 54,484,236.25 4.25 321,812.19 54,891,647.51 55,586,420.23 Managed Account Sub-Total Joint Powers Authority
CAMP Pool 568,855.03 568,855.03 0.00 568,855.03 NRAAAm 568,855.03 568,855.03 568,855.03 0.00 568,855.03 568,855.03 Liquid Sub-Total $56,480,319.26 $55,053,091.28 $321,812.19 $55,460,502.54 $56,155,275.26 4.25% $56,477,087.45
$321,812.19
Total Investments
Accrued Interest
Securities Sub-Total

Page 14 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
(147.30) 2,976.54 73,417.95 97.89 JPMorgan 75,000.00 912828U24US TREASURY N/B DTD 11/15/2016 2.000% 11/15/2026

3.81 1.17
3,653.48 4,570.30 227,118.15 100.94 Citigrou 225,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028

3.60 2.35
7,831.13 10,124.97 403,765.60 100.94 JPMorgan 400,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028

3.60 2.35
67,989.00 89,673.67 2,473,064.30 100.94 HSBC 2,450,000.00 91282CGP0US TREASURY N/B DTD 02/28/2023 4.000% 02/29/2028

3.60 2.35
5,084.52 12,295.90 210,937.50 93.75 BMO 225,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.59 2.73
(9.94) 25,948.24 1,195,312.50 93.75 MorganSt 1,275,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.59 2.73
11,998.77 44,789.06 1,218,750.00 93.75 BMO 1,300,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.59 2.73
(4,844.75) 38,531.25 2,250,000.00 93.75 BMO 2,400,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.59 2.73
58,493.58 153,496.09 2,718,750.00 93.75 BMO 2,900,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.59 2.73
19,745.77 23,062.65 1,205,156.40 100.43 Citigrou 1,200,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.61 3.09
31,624.60 36,255.06 1,380,908.38 100.43 MorganSt 1,375,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.61 3.09
32,523.93 36,644.72 1,481,338.08 100.43 JPMorgan 1,475,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.61 3.09
39,585.72 45,398.76 2,611,172.20 100.43 MorganSt 2,600,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.61 3.09
2,298.63 2,718.71 591,773.40 98.63 Citigrou 600,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.64 3.54
7,298.49 9,246.04 887,660.10 98.63 BMO 900,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.64 3.54
10,752.13 12,093.69 887,660.10 98.63 BMO 900,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.64 3.54
9,681.11 10,081.00 912,317.33 98.63 Citigrou 925,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.64 3.54

Page 15 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
U.S. Treasury Bond / Note
951.26 2,636.62 1,479,433.50 98.63 Citigrou 1,500,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.64 3.54
39,614.18 48,548.66 2,613,665.85 98.63 MorganSt 2,650,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.64 3.54
609,091.93 3.61 344,124.31 24,822,201.34 25,375,000.00 Security Type Sub-Total 3.01 Municipal Bond / Note
(471.58)(471.58) 84,528.42 99.45 JPMorgan 85,000.00 13077DQD7CALIFORNIA ST UNIV-B DTD 07/29/2021 0.862% 11/01/2025

4.20 0.17
2,550.80 2,550.80 202,550.80 101.28 WellsFar 200,000.00 13063D3N6CA ST DTD 03/15/2023 4.846% 03/01/2027

3.96 1.43
2,079.22 4.03 2,079.22 287,079.22 285,000.00 Security Type Sub-Total 1.06 Federal Agency Commercial Mortgage-Backed Security
(361.90) 8,176.87 239,073.25 99.25 RobertBa 240,869.90 3137BNGT5FHMS K054 A2 DTD 04/01/2016 2.745% 01/01/2026

4.36 0.35
(1,497.58) 14,903.56 541,743.40 98.50 BREAN 550,000.00 3137BSP72FHMS K058 A2 DTD 11/01/2016 2.653% 08/01/2026

4.12 0.91
(444.10) 6,822.09 359,952.71 98.79 Citigrou 364,345.63 3137BTUM1FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026

4.26 1.11
6,815.67 24,445.71 543,250.40 98.77 MorganSt 550,000.00 3137BXQY1FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027

4.00 1.35
2,638.94 15,805.25 542,838.45 98.70 Citigrou 550,000.00 3137F1G44FHMS K065 A2 DTD 07/01/2017 3.243% 04/01/2027

3.99 1.49
6,686.22 6,688.30 389,530.32 101.75 JPMorgan 382,845.08 3137HBC69FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028

3.99 2.24
3,581.75 3,586.35 435,773.43 100.83 JPMorgan 432,197.86 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028

4.15 1.71
7,443.25 5,088.05 560,581.45 101.92 JPMorgan 550,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028

3.97 2.50
8,661.25 12,383.71 528,699.82 100.66 JPMorgan 525,220.24 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028

3.86 2.63

Page 16 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Federal Agency Commercial Mortgage-Backed Security
17,467.59 21,348.50 510,380.50 102.08 BMO 500,000.00 3137HAQ74FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028

3.90 2.67
20,456.02 24,792.80 812,958.40 101.62 WellsFar 800,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028

3.97 2.64
17,021.28 20,982.75 384,026.63 102.41 MorganSt 375,000.00 3137HAST4FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028

3.91 2.75
14,318.54 16,381.00 510,404.50 102.08 BOFAML 500,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028

3.97 2.70
5,474.32 5,646.60 185,126.22 102.85 JPMorgan 180,000.00 3137HB3D4FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028

3.99 2.78
6,900.96 7,159.07 281,369.00 102.32 BOFAML 275,000.00 3137HB3G7FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028

3.98 2.81
3,019.62 2,160.21 295,059.92 101.74 JPMorgan 290,000.00 3137HBLV4FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028

3.91 2.90
7,863.64 7,336.56 450,038.60 102.28 PIER 440,000.00 3137HDV56FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029

3.99 3.33
13,302.20 13,303.81 549,249.16 102.48 MorganSt 535,946.96 3137HDJJ0FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029

3.99 3.21
4,870.40 3,976.83 503,607.06 101.74 BMO 495,000.00 3137HDXL9FHMS K526 A2 DTD 08/01/2024 4.543% 07/01/2029

4.00 3.48
2,489.58 2,490.14 192,483.49 101.31 JPMorgan 190,000.00 3137HKXJ8FHMS K539 A2 DTD 04/01/2025 4.410% 01/01/2030

4.04 3.91
223,478.16 4.01 146,707.65 8,816,146.71 8,726,425.66 Security Type Sub-Total 2.36 Federal Agency Bond / Note
(31.50) 417.75 149,967.75 99.98 WellsFar 150,000.00 3130AK5E2FEDERAL HOME LOAN BANK DTD 09/11/2020 0.375% 09/04/2025

2.97 0.01
(1,575.82) 505.40 698,398.40 99.77 Citigrou 700,000.00 3137EAEX3FREDDIE MAC DTD 09/25/2020 0.375% 09/23/2025

4.36 0.06
(4,290.89)(2,049.45) 645,623.55 99.33 Barclays 650,000.00 3135G06G3FANNIE MAE DTD 11/12/2020 0.500% 11/07/2025

4.38 0.18
(1,126.30) 4.23 (5,898.21) 1,493,989.70 1,500,000.00 Security Type Sub-Total 0.11

Page 17 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
(54.45)(32,899.95) 224,945.55 99.98 US_BANC 225,000.00 002824BM1ABBOTT LABORATORIES (CALLABLE) DTD 03/22/2017 3.875% 09/15/2025

4.46 0.04
(4,833.21)(4,497.08) 220,111.42 97.83 04/15/26Citigrou 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) DTD 05/19/2021 1.150% 05/15/2026

4.31 0.69
(4,637.50)(4,594.97) 170,352.53 97.34 07/12/26SUMITR 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE) DTD 08/12/2021 1.250% 08/12/2026

4.14 0.92
(6,226.84)(5,398.87) 218,464.88 97.10 JPMorgan 225,000.00 14913R2U0CATERPILLAR FINL SERVICE DTD 01/10/2022 1.700% 01/08/2027

3.92 1.31
(1,027.00)(977.76) 38,954.24 97.39 12/15/26Citigrou 40,000.00 87612EBM7TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

3.92 1.32
(11,854.32)(11,096.00) 462,849.50 97.44 12/24/26Deutsche 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) DTD 01/26/2022 2.050% 01/26/2027

3.94 1.35
4,781.53 22,510.50 744,453.00 99.26 11/06/26GoldmanS 750,000.00 594918BY9MICROSOFT CORP (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027

3.83 1.28
1,734.16 16,200.90 293,403.90 97.80 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.550% 03/04/2027

4.07 1.42
(7,873.44)(1,708.10) 464,380.90 97.76 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY FIN (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027

3.81 1.46
2,491.24 11,756.40 296,681.40 98.89 01/01/27Barclays 300,000.00 808513BW4CHARLES SCHWAB CORP (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027

4.03 1.42
4,487.35 11,451.00 499,776.00 99.96 CAS 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.905% 06/09/2027

3.93 1.68
2,465.62 21,538.80 762,601.55 98.40 06/12/27TD Secur 775,000.00 037833DB3APPLE INC (CALLABLE) DTD 09/12/2017 2.900% 09/12/2027

3.72 1.85
4,640.08 3,973.50 380,256.00 101.40 WellsFar 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP DTD 01/12/2023 4.625% 01/12/2028

4.00 2.21
4,917.63 15,515.50 344,704.50 98.49 11/07/27MorganSt 350,000.00 637432NP6NATIONAL RURAL UTIL COOP (CALLABLE) DTD 02/07/2018 3.400% 02/07/2028

4.06 2.22
392.68 (610.13) 86,433.27 101.69 01/15/28JPMorgan 85,000.00 882508BV5TEXAS INSTRUMENTS INC (CALLABLE) DTD 11/18/2022 4.600% 02/15/2028

3.87 2.25
8,180.83 16,544.25 374,808.00 99.95 11/20/27MAXE 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO (CALLABLE) DTD 07/15/2020 3.900% 02/20/2028

3.92 2.21
765.63 814.86 60,706.86 101.18 04/15/28Barclays 60,000.00 539830BZ1LOCKHEED MARTIN CORP (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028

3.98 2.45

Page 18 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
8,524.32 7,313.62 385,178.62 102.71 Citigrou 375,000.00 24422EXB0JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028

3.94 2.64
38,344.55 39,643.50 785,923.50 104.79 08/29/28Barclays 750,000.00 17325FBB3CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028

4.13 2.69
6,549.75 6,680.32 346,228.12 101.83 01/08/29Barclays 340,000.00 009158BH8AIR PRODUCTS & CHEMICALS (CALLABLE) DTD 02/08/2024 4.600% 02/08/2029

4.02 3.11
11,399.03 11,440.80 431,293.80 102.69 01/26/29Citigrou 420,000.00 17275RBR2CISCO SYSTEMS INC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029

4.02 3.14
1,294.52 1,319.00 51,228.50 102.46 02/14/29Citigrou 50,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

3.95 3.13
17,551.50 17,458.00 742,813.25 102.46 02/14/29BOFAML 725,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

3.95 3.13
4,858.30 4,916.40 174,692.00 102.76 03/04/29SEEL 170,000.00 00724PAF6ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

3.97 3.17
5,884.59 5,963.45 210,658.00 102.76 03/04/29BOFAML 205,000.00 00724PAF6ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

3.97 3.17
1,985.63 1,976.04 112,064.04 101.88 04/23/28SEEL 110,000.00 95000U3T8WELLS FARGO & COMPANY (CALLABLE) DTD 04/23/2025 4.970% 04/23/2029

4.61 2.41
5,441.56 5,441.56 295,441.56 101.88 04/23/28WellsFar 290,000.00 95000U3T8WELLS FARGO & COMPANY (CALLABLE) DTD 04/23/2025 4.970% 04/23/2029

4.61 2.41
6,616.20 6,616.20 606,616.20 101.10 05/09/28BOFAML 600,000.00 06051GMT3BANK OF AMERICA CORP (CALLABLE) DTD 05/09/2025 4.623% 05/09/2029

4.52 2.47
3,559.33 3,733.13 127,926.88 102.34 05/25/29MorganSt 125,000.00 437076DC3HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029

4.08 3.39
6,929.82 7,226.25 255,853.75 102.34 05/25/29PNCBank 250,000.00 437076DC3HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029

4.08 3.39
2,620.55 2,707.60 402,227.60 100.56 Deutsche 400,000.00 02665WFQ9AMERICAN HONDA FINANCE DTD 09/05/2024 4.400% 09/05/2029

4.25 3.57
2,261.08 2,271.60 117,147.40 101.87 02/01/30BOFAML 115,000.00 571676AY1MARS INC (CALLABLE) DTD 03/12/2025 4.800% 03/01/2030

4.34 3.98
5,350.40 5,350.40 205,350.40 102.68 03/24/30MorganSt 200,000.00 857477DB6STATE STREET CORP (CALLABLE) DTD 04/24/2025 4.834% 04/24/2030

4.19 4.04
8,143.83 8,179.60 407,559.60 101.89 TD Secur 400,000.00 69371RT71PACCAR FINANCIAL CORP DTD 05/08/2025 4.550% 05/08/2030

4.10 4.13

Page 19 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Corporate Note
5,609.55 5,624.00 405,272.00 101.32 05/15/30BOFAML 400,000.00 032654BE4ANALOG DEVICES INC (CALLABLE) DTD 06/16/2025 4.500% 06/15/2030

4.19 4.20
202,384.32 4.05 141,274.50 11,707,358.72 11,635,000.00 Security Type Sub-Total 2.39 Certificate of Deposit
876.60 876.60 450,876.60 100.19 TD Secur 450,000.00 89115B6K1TORONTO DOMINION BANK NY DTD 10/31/2022 5.600% 10/27/2025

4.16 0.16
714.15 714.15 450,714.15 100.16 WellsFar 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK DTD 11/03/2022 5.530% 11/03/2025

4.55 0.17
1,590.75 4.35 1,590.75 901,590.75 900,000.00 Security Type Sub-Total 0.17 Bank Note
6,873.35 6,686.40 532,211.40 101.37 07/14/27Citigrou 525,000.00 61690U8E3MORGAN STANLEY BANK NA (CALLABLE) DTD 07/19/2024 4.968% 07/14/2028

4.57 1.77
6,686.40 4.57 6,873.35 532,211.40 525,000.00 Security Type Sub-Total 1.77 Asset-Backed Security
(52.64)(51.84) 50,954.26 99.90 RBC Capi 51,007.31 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.41 0.25

16.49 23.21 51,470.15 100.02 WellsFar 51,457.59 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.43 0.36
120.78 129.31 87,433.53 100.13 RBC Capi 87,318.53 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

4.42 0.30
206.11 206.14 129,083.37 100.16 BOFAML 128,877.29 891940AC2TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027

4.33 0.47
203.42 225.38 245,186.94 100.08 RBC Capi 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027

4.36 0.12
211.60 215.95 82,578.38 100.25 JPMorgan 82,370.72 41285JAD0HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027

4.50 0.42
169.55 173.40 74,738.39 100.22 BNPPSA 74,572.76 344928AD8FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028

4.28 0.53

Page 20 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
1,764.26 1,786.43 240,016.39 100.73 BOFAML 238,279.09 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028

4.33 0.64
297.56 306.56 320,288.00 100.09 RBC Capi 320,000.00 254683CY9DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028

4.18 0.52
802.85 820.15 170,781.66 100.46 BOFAML 170,000.00 05522RDG0BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028

4.16 0.68
999.36 1,006.94 190,990.09 100.52 RBC Capi 190,000.00 02582JJZ4AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028

4.15 0.68
1,107.75 1,159.00 491,046.64 100.21 RBC Capi 490,000.00 14041NGD7COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028

4.15 0.68
2,272.16 2,292.88 352,245.60 100.64 BOFAML 350,000.00 254683CZ6DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028

4.14 0.76
898.42 903.58 80,548.95 101.12 JPMorgan 79,659.40 438123AC5HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028

4.31 0.79
2,508.35 2,515.44 283,993.86 100.89 JPMorgan 281,495.87 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028

4.34 0.71
4,642.84 4,683.50 409,571.23 101.13 JPMorgan 405,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028

4.08 0.99
4,924.12 4,930.95 414,912.62 101.20 Citigrou 410,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028

4.08 0.99
1,016.12 1,017.21 101,006.50 101.01 Barclays 100,000.00 73329KAD8PILOT 2025-1A A3 DTD 05/21/2025 4.610% 10/20/2028

4.07 1.73
1,995.25 2,003.45 181,979.28 101.10 BOFAML 180,000.00 05522RDH8BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028

4.08 1.15
10,082.16 10,082.16 504,980.69 102.02 Barclays 495,000.00 02582JKH2AMXCA 2024-1 A DTD 04/23/2024 5.230% 04/16/2029

3.98 1.52
573.75 574.85 115,562.00 100.49 JPMorgan 115,000.00 437921AD1HAROT 2025-2 A3 DTD 05/08/2025 4.150% 10/15/2029

3.94 1.99
526.45 527.04 80,521.52 100.65 BOFAML 80,000.00 05594BAD8BAAT 2025-1A A3 DTD 05/12/2025 4.350% 11/20/2029

4.01 1.69
4,910.56 4,632.82 558,306.65 101.51 WellsFar 550,000.00 58773DAD6MBART 2025-1 A3 DTD 01/23/2025 4.780% 12/17/2029

3.85 1.53
2,670.52 2,673.01 417,655.17 100.64 BOFAML 415,000.00 92348KDY6VZMT 2025-3 A1A DTD 03/31/2025 4.510% 03/20/2030

4.27 1.99

Page 21 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Value On Cost Amort CostCUSIP Broker Date PriceDated Date/Coupon/Maturity Par at Mkt Market Unreal G/L Unreal G/LNext Call MarketSecurity Type/Description YTMEffective Duration
Asset-Backed Security
700.94 701.75 90,688.50 100.77 TD Secur 90,000.00 362549AD9GMCAR 2025-2 A3 DTD 05/14/2025 4.280% 04/16/2030

3.93 1.98
2,836.25 2,837.20 252,836.25 101.13 BOFAML 250,000.00 05522RDK1BACCT 2025-A1 A DTD 06/12/2025 4.310% 05/15/2030

3.90 2.50
6,006.60 6,008.47 491,000.42 101.24 WellsFar 485,000.00 92970QAJ4WFCIT 2025-A1 A DTD 06/10/2025 4.340% 05/15/2030

3.89 2.50
5,609.57 5,614.56 555,465.35 100.99 Citigrou 550,000.00 17305EHA6CCCIT 2025-A1 A DTD 06/26/2025 4.300% 06/21/2030

3.92 2.60
57,999.50 4.10 58,021.15 7,025,842.39 6,965,038.57 Security Type Sub-Total 1.30 55,911,464.23 55,586,420.23 1,102,183.98 694,772.72 3.87 Managed Account Sub-Total 2.42 Joint Powers Authority

0.00 0.00 568,855.03 1.00 568,855.03 CAMP Pool 0.00 568,855.03 568,855.03 0.00 0.00 Liquid Sub-Total 0.00 Total Investments $56,477,087.45
$321,812.19
$56,155,275.26
Accrued Interest
Securities Sub-Total $56,480,319.26 $1,102,183.98 $694,772.72 3.87% 2.42

Page 22 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade CUSIPSecurity DescriptionSettle Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
08/05/25 US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 (902,236.33) (2,940.90) (905,177.23) 925,000.00 08/01/25 (2,940.90) (905,177.23)(902,236.33) 925,000.00 Transaction Type Sub-Total

INTEREST
08/01/25 MINNESOTA ST-F-UNREF
DTD 08/25/2020 0.630% 08/01/2025
60412AK85 0.00 315.00 315.00 08/01/25
08/01/25 BANK OF AMERICA CORP
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 0.00 4,359.38 4,359.38 08/01/25
08/01/25 SAN JUAN CA UNIF SCH
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 0.00 553.80 553.80 08/01/25
08/25/25 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 1,113.75 1,113.75 08/01/25
08/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,722.21 1,722.21 08/01/25
08/25/25 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 0.00 1,730.67 1,730.67 08/01/25
08/25/25 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 760.35 760.35 08/01/25
08/25/25 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 2,000.00 2,000.00 08/01/25
08/25/25 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 2,208.71 2,208.71 08/01/25
08/25/25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 3,100.00 3,100.00 08/01/25
08/25/25 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 1,486.38 1,486.38 08/01/25
08/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 0.00 1,834.07 1,834.07 08/01/25
08/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 0.00 1,553.79 1,553.79 08/01/25
08/25/25 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,477.67 1,477.67 08/01/25

Page 23 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Security Transactions & Interest

INTEREST
08/25/25 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,975.00 1,975.00 08/01/25
08/25/25 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 0.00 1,873.99 1,873.99 08/01/25
08/25/25 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 0.00 698.25 698.25 08/01/25
08/25/25 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 1,104.90 1,104.90 08/01/25
08/25/25 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 08/01/25
08/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 0.00 552.08 552.08 08/01/25
08/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,018.32 1,018.32 08/01/25
08/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 2,145.34 2,145.34 08/01/25
08/25/25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,515.63 1,515.63 08/01/25
08/06/25 MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 0.00 12,375.00 12,375.00 08/06/25
08/07/25 NATIONAL RURAL UTIL COOP
(CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 0.00 5,950.00 5,950.00 08/07/25
08/08/25 AIR PRODUCTS & CHEMICALS
(CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
009158BH8 0.00 7,820.00 7,820.00 08/08/25
08/12/25 BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 0.00 1,093.75 1,093.75 08/12/25
08/15/25 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 0.00 2,190.83 2,190.83 08/15/25
08/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,391.46 1,391.46 08/15/25
08/15/25 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 0.00 678.58 678.58 08/15/25

Page 24 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Security Transactions & Interest

INTEREST
08/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 215.99 215.99 08/15/25
08/15/25 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 0.00 1,804.83 1,804.83 08/15/25
08/15/25 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,741.50 1,741.50 08/15/25
08/15/25 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 2,157.37 2,157.37 08/15/25
08/15/25 TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 0.00 1,955.00 1,955.00 08/15/25
08/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 545.36 545.36 08/15/25
08/15/25 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,010.63 1,010.63 08/15/25
08/15/25 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 1,149.33 1,149.33 08/15/25
08/15/25 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,786.92 1,786.92 08/15/25
08/15/25 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 0.00 897.92 897.92 08/15/25
08/15/25 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 0.00 1,437.92 1,437.92 08/15/25
08/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 316.81 316.81 08/15/25
08/15/25 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 0.00 771.08 771.08 08/15/25
08/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 747.00 747.00 08/15/25
08/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 199.39 199.39 08/15/25
08/15/25 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 0.00 1,754.08 1,754.08 08/15/25
08/15/25 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 0.00 397.71 397.71 08/15/25

Page 25 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Security Transactions & Interest

INTEREST
08/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 384.66 384.66 08/15/25
08/16/25 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 0.00 321.00 321.00 08/16/25
08/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 405.01 405.01 08/16/25
08/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 1,163.21 1,163.21 08/18/25
08/20/25 BRISTOL-MYERS SQUIBB CO
(CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 0.00 7,312.50 7,312.50 08/20/25
08/20/25 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 0.00 290.00 290.00 08/20/25
08/20/25 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 0.00 384.17 384.17 08/20/25
08/20/25 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 0.00 1,559.71 1,559.71 08/20/25
08/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 401.63 401.63 08/21/25
08/25/25 FANNIE MAE
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 0.00 656.25 656.25 08/25/25
08/26/25 CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 0.00 10,185.00 10,185.00 08/26/25
08/28/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 356.73 356.73 08/28/25
08/31/25 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 0.00 61,500.00 61,500.00 08/31/25
171,623.58 171,623.58 0.00 Transaction Type Sub-Total

MATURITY
08/01/25 SAN JUAN CA UNIF SCH
DTD 10/29/2020 0.852% 08/01/2025
798306WP7 130,000.00 0.00 130,000.00 0.00 0.00 130,000.00 08/01/25 08/01/25 BANK OF AMERICA CORP
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3 225,000.00 0.00 225,000.00 (31,918.50) 0.00 225,000.00 08/01/25

Page 26 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Security Transactions & Interest

MATURITY
08/01/25 MINNESOTA ST-F-UNREF
DTD 08/25/2020 0.630% 08/01/2025
60412AK85 100,000.00 0.00 100,000.00 0.00 0.00 100,000.00 08/01/25 08/25/25 FANNIE MAE
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 350,000.00 0.00 350,000.00 1,638.00 0.00 350,000.00 08/25/25

0.00 0.00 (30,280.50) 805,000.00 805,000.00 805,000.00 Transaction Type Sub-Total

PAYDOWNS
08/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 964.53 0.00 964.53 0.01 0.00 964.53 08/01/25 08/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 49.30 0.00 49.30 0.84 0.50 49.30 08/01/25 08/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 752.21 0.00 752.21 23.15 8.70 752.21 08/01/25 08/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 426.54 0.00 426.54 0.01 0.01 426.54 08/01/25 08/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 476.79 0.00 476.79 19.74 3.43 476.79 08/01/25 08/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 51.82 0.00 51.82 0.00 0.00 51.82 08/01/25 08/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 7,184.37 0.00 7,184.37 0.75 0.38 7,184.37 08/15/25 08/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 9,032.45 0.00 9,032.45 0.91 0.44 9,032.45 08/15/25 08/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 20,449.29 0.00 20,449.29 1.27 0.77 20,449.29 08/15/25 08/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 9,260.62 0.00 9,260.62 0.22 0.08 9,260.62 08/15/25 08/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 12,468.32 0.00 12,468.32 0.01 0.01 12,468.32 08/15/25 08/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 6,655.34 0.00 6,655.34 1.38 0.52 6,655.34 08/15/25 08/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 13,514.88 0.00 13,514.88 2.21 0.91 13,514.88 08/16/25

Page 27 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Managed Account Security Transactions & Interest

PAYDOWNS
08/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 19,734.78 0.00 19,734.78 4.07 2.27 19,734.78 08/18/25 08/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 5,340.60 0.00 5,340.60 0.94 0.60 5,340.60 08/21/25

0.00 18.62 55.51 106,361.84 106,361.84 106,361.84 Transaction Type Sub-Total 9,125.51 168,682.68 177,808.19 (30,224.99) 18.62 Managed Account Sub-Total Total Security Transactions ($30,224.99)$177,808.19 $168,682.68 $9,125.51 $18.62

Page 28 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
456,218.22 Opening Balance
08/01/25 08/01/25 Purchase - Interest 798306WP7 1.00 553.80 456,772.02 08/01/25 08/01/25 Purchase - Interest 06051GFS3 1.00 4,359.38 461,131.40 08/01/25 08/01/25 Purchase - Interest 60412AK85 1.00 315.00 461,446.40 08/01/25 08/01/25 Purchase - Principal 60412AK85 1.00 100,000.00 561,446.40 08/01/25 08/01/25 Purchase - Principal 798306WP7 1.00 130,000.00 691,446.40 08/01/25 08/01/25 Purchase - Principal 06051GFS3 1.00 225,000.00 916,446.40 08/05/25 08/05/25 Redemption - Principal 91282CEV9 1.00 (902,236.33) 14,210.07 08/05/25 08/05/25 Redemption - Interest 91282CEV9 1.00 (2,940.90) 11,269.17 08/06/25 08/06/25 Purchase - Interest 594918BY9 1.00 12,375.00 23,644.17 08/07/25 08/07/25 Purchase - Interest 637432NP6 1.00 5,950.00 29,594.17 08/08/25 08/08/25 Purchase - Interest 009158BH8 1.00 7,820.00 37,414.17 08/12/25 08/12/25 Purchase - Interest 05565EBW4 1.00 1,093.75 38,507.92 08/15/25 08/15/25 Purchase - Interest 882508BV5 1.00 1,955.00 40,462.92 08/15/25 08/15/25 Purchase - Interest 02582JJZ4 1.00 771.08 41,234.00 08/15/25 08/15/25 Purchase - Interest 02582JKD1 1.00 1,786.92 43,020.92 08/15/25 08/15/25 Purchase - Interest 02582JKH2 1.00 2,157.37 45,178.29 08/15/25 08/15/25 Purchase - Interest 05522RDG0 1.00 678.58 45,856.87 08/15/25 08/15/25 Purchase - Interest 05522RDH8 1.00 747.00 46,603.87 08/15/25 08/15/25 Purchase - Interest 05522RDK1 1.00 897.92 47,501.79 08/15/25 08/15/25 Purchase - Interest 14041NGB1 1.00 1,010.63 48,512.42 08/15/25 08/15/25 Purchase - Interest 14041NGD7 1.00 1,804.83 50,317.25

Page 29 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
08/15/25 08/15/25 Purchase - Interest 14318MAD1 1.00 199.39 50,516.64 08/15/25 08/15/25 Purchase - Interest 161571HT4 1.00 1,741.50 52,258.14 08/15/25 08/15/25 Purchase - Interest 254683CY9 1.00 1,149.33 53,407.47 08/15/25 08/15/25 Purchase - Interest 254683CZ6 1.00 1,437.92 54,845.39 08/15/25 08/15/25 Purchase - Interest 31680EAD3 1.00 1,391.46 56,236.85 08/15/25 08/15/25 Purchase - Interest 344928AD8 1.00 316.81 56,553.66 08/15/25 08/15/25 Purchase - Interest 41285JAD0 1.00 384.66 56,938.32 08/15/25 08/15/25 Purchase - Interest 437921AD1 1.00 397.71 57,336.03 08/15/25 08/15/25 Purchase - Interest 58773DAD6 1.00 2,190.83 59,526.86 08/15/25 08/15/25 Purchase - Interest 65480JAC4 1.00 215.99 59,742.85 08/15/25 08/15/25 Purchase - Interest 891940AC2 1.00 545.36 60,288.21 08/15/25 08/15/25 Purchase - Interest 92970QAJ4 1.00 1,754.08 62,042.29 08/15/25 08/15/25 Purchase - Principal 14318MAD1 1.00 9,260.62 71,302.91 08/15/25 08/15/25 Purchase - Principal 65480JAC4 1.00 6,655.34 77,958.25 08/15/25 08/15/25 Purchase - Principal 344928AD8 1.00 7,184.37 85,142.62 08/15/25 08/15/25 Purchase - Principal 31680EAD3 1.00 20,449.29 105,591.91 08/15/25 08/15/25 Purchase - Principal 41285JAD0 1.00 9,032.45 114,624.36 08/15/25 08/15/25 Purchase - Principal 891940AC2 1.00 12,468.32 127,092.68 08/18/25 08/18/25 Purchase - Interest 362549AD9 1.00 321.00 127,413.68 08/18/25 08/18/25 Purchase - Interest 36265QAD8 1.00 405.01 127,818.69 08/18/25 08/18/25 Purchase - Interest 43815QAC1 1.00 1,163.21 128,981.90 08/18/25 08/18/25 Purchase - Principal 36265QAD8 1.00 13,514.88 142,496.78

Page 30 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
08/18/25 08/18/25 Purchase - Principal 43815QAC1 1.00 19,734.78 162,231.56 08/20/25 08/20/25 Purchase - Interest 110122DE5 1.00 7,312.50 169,544.06 08/20/25 08/20/25 Purchase - Interest 05594BAD8 1.00 290.00 169,834.06 08/20/25 08/20/25 Purchase - Interest 73329KAD8 1.00 384.17 170,218.23 08/20/25 08/20/25 Purchase - Interest 92348KDY6 1.00 1,559.71 171,777.94 08/21/25 08/21/25 Purchase - Interest 438123AC5 1.00 401.63 172,179.57 08/21/25 08/21/25 Purchase - Principal 438123AC5 1.00 5,340.60 177,520.17 08/25/25 08/25/25 Purchase - Interest 3135G05X7 1.00 656.25 178,176.42 08/25/25 08/25/25 Purchase - Interest 3136BQDE6 1.00 1,834.07 180,010.49 08/25/25 08/25/25 Purchase - Interest 3137BNGT5 1.00 552.08 180,562.57 08/25/25 08/25/25 Purchase - Interest 3137BXQY1 1.00 1,477.67 182,040.24 08/25/25 08/25/25 Purchase - Interest 3137F1G44 1.00 1,486.38 183,526.62 08/25/25 08/25/25 Purchase - Interest 3137HACX2 1.00 2,208.71 185,735.33 08/25/25 08/25/25 Purchase - Interest 3137HAD45 1.00 1,722.21 187,457.54 08/25/25 08/25/25 Purchase - Interest 3137HAMH6 1.00 3,100.00 190,557.54 08/25/25 08/25/25 Purchase - Interest 3137HAMS2 1.00 2,000.00 192,557.54 08/25/25 08/25/25 Purchase - Interest 3137HAQ74 1.00 1,975.00 194,532.54 08/25/25 08/25/25 Purchase - Interest 3137HAST4 1.00 1,515.63 196,048.17 08/25/25 08/25/25 Purchase - Interest 3137HB3D4 1.00 760.35 196,808.52 08/25/25 08/25/25 Purchase - Interest 3137HB3G7 1.00 1,113.75 197,922.27 08/25/25 08/25/25 Purchase - Interest 3137HBC69 1.00 1,553.79 199,476.06 08/25/25 08/25/25 Purchase - Interest 3137HBLV4 1.00 1,104.90 200,580.96

Page 31 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
08/25/25 08/25/25 Purchase - Interest 3137HDJJ0 1.00 2,145.34 202,726.30 08/25/25 08/25/25 Purchase - Interest 3137HDV56 1.00 1,730.67 204,456.97 08/25/25 08/25/25 Purchase - Interest 3137HDXL9 1.00 1,873.99 206,330.96 08/25/25 08/25/25 Purchase - Interest 3137HKXJ8 1.00 698.25 207,029.21 08/25/25 08/25/25 Purchase - Interest 3137BSP72 1.00 1,215.96 208,245.17 08/25/25 08/25/25 Purchase - Interest 3137BTUM1 1.00 1,018.32 209,263.49 08/25/25 08/25/25 Purchase - Principal 3135G05X7 1.00 350,000.00 559,263.49 08/25/25 08/25/25 Purchase - Principal 3137BTUM1 1.00 752.21 560,015.70 08/25/25 08/25/25 Purchase - Principal 3137HAD45 1.00 426.54 560,442.24 08/25/25 08/25/25 Purchase - Principal 3137HDJJ0 1.00 51.82 560,494.06 08/25/25 08/25/25 Purchase - Principal 3137HBC69 1.00 964.53 561,458.59 08/25/25 08/25/25 Purchase - Principal 3137BNGT5 1.00 476.79 561,935.38 08/25/25 08/25/25 Purchase - Principal 3136BQDE6 1.00 49.30 561,984.68 08/26/25 08/26/25 Purchase - Interest 17275RBR2 1.00 10,185.00 572,169.68 08/29/25 08/29/25 IP Fees July 2025 1.00 (4,187.13) 567,982.55 08/29/25 08/29/25 U.S. Bank Fees June 2025 1.00 (282.03) 567,700.52 08/29/25 09/02/25 Accrual Income Div Reinvestment - Distributions 1.00 1,154.51 568,855.03

Page 32 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending August 31, 2025Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate 568,855.03
568,855.03
568,855.03
308,649.42
7,282.86

0.00 (15,374,026.25)
15,672,961.36
269,919.92
1,154.51
568,855.03

0.00 (909,646.39)
1,022,283.20
456,218.22
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
August January-August

4.40%

Page 33 ends

U.S. Bancorp Asset Management, Inc.

7)
City Voting Delegate and Alternate for the 2025 League of California Cities Annual Conference
Appoint Council Member Manos as the City’s Voting Delegate and City Manager Simpson as the City's Alternate Voting Delegate for the 2025 League of California Cities Annual Conference to be held in Long Beach, CA, October 8-10, 2025.

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:Candice Alvarez, MMC, City Clerk
Date:September 23, 2025
Subject:City Voting Delegate and Alternate for the 2025 League of California Cities Annual Conference
Recommendation
Appoint Council Member Manos as the City’s Voting Delegate and City Manager Simpson as the City's Alternate Voting Delegate for the 2025 League of California Cities Annual Conference to be held in Long Beach, CA, October 8-10, 2025.

Background
The League of California Cities (Cal Cities) will hold its Annual Conference and Expo in Long Beach from October 8–10, 2025. As part of the conference, Cal Cities conducts its annual business meeting, during which member cities vote on resolutions that establish League policy direction.

Each member city is entitled to designate one Voting Delegate and may also designate up to two Alternate Voting Delegates. The Voting Delegate and any alternates must be designated by the City Council through formal action and must be registered to attend the conference.

Discussion
Designating a Voting Delegate ensures that the City of Lake Elsinore is represented in the League’s policy-setting process. The City’s participation allows Lake Elsinore to have a voice on important statewide issues affecting municipalities.

Staff is recommending the appointment of Council Member Manos as the City’s Voting Delegate and City Manager Jason Simpson as the City’s Alternate Voting Delegate for the 2025 Annual Conference. This designation will be submitted to Cal Cities prior to the conference as required.

CalCities Voting Delegates

Page 2 of 2 ends

Fiscal Impact
There is no fiscal impact associated with the appointment of a Voting Delegate and Alternate Voting Delegate. Costs related to conference registration and travel for attendees have been included in the Fiscal Year 2025–2026 Budget.

Attachments
Attachment 1 - 2025 Voting Delegate Information Packet
City Clerk's Office

1400 K Street, Suite 400, Sacramento, CA 95814 • 916.658.8200 • calcities.org

DATE: Wednesday, July 16, 2025

TO: Mayors, Council Members, City Clerks, and City Managers

RE: DESIGNATION OF VOTING DELEGATES AND ALTERNATES
League of California Cities Annual Conference and Expo, Oct. 8-10, 2025 Long Beach Convention Center

Every year, the League of California Cities convenes a member-driven General Assembly at the Cal Cities Annual Conference and Expo. The General Assembly is an important opportunity where city officials can directly participate in the development of Cal Cities policy.

Taking place on Oct. 10, the General Assembly is comprised of voting delegates appointed by each member city; every city has one voting delegate. Your appointed voting delegate plays an important role during the General Assembly by representing your city and voting on resolutions.

To cast a vote during the General Assembly, your city must designate a voting delegate and up to two alternate voting delegates, one of whom may vote if the designated voting delegate is unable to serve in that capacity. Voting delegates may either be an elected or appointed official.

Action by Council Required. Consistent with Cal Cities bylaws, a city’s voting delegate and up to two alternates must be designated by the city council. Please note that designating the voting delegate and alternates must be done by city council action and cannot be accomplished by individual action of the mayor or city manager alone.

Following council action, please submit your city’s delegates through the online submission portal by Wed., Sept. 24. When completing the Voting Delegate submission form, you will be asked to attest that council action was taken. You will need to be signed in to your My Cal Cities account when submitting the form.

Submitting your voting delegate form by the deadline will allow us time to establish voting delegate/alternate records prior to the conference and provide pre-conference communications with voting delegates.

Conference Registration Required. The voting delegate and alternates must be registered to attend the conference. They need not register for the entire conference; they may register for Friday only. Conference registration is open on the Cal Cities website.

Council Action Advised by September 24, 2025
For a city to cast a vote, one voter must be present at the General Assembly and in possession of the voting delegate card and voting tool. Voting delegates and alternates need to pick up their conference badges before signing in and picking up the voting delegate card at the voting delegate desk. This will enable them to receive the special sticker on their name badges that will admit the voting delegate into the voting area during the General Assembly.

Please view Cal Cities’ event and meeting policy in advance of the conference.

Transferring Voting Card to Non-Designated Individuals Not Allowed. The voting delegate card may be transferred freely between the voting delegate and alternates, but only between the voting delegate and alternates. If the voting delegate and alternates find themselves unable to attend the General Assembly, they may not transfer the voting card to another city official.

Seating Protocol during General Assembly. At the General Assembly, individuals with a voting card will sit in a designated area. Admission to the voting area will be limited to the individual in possession of the voting card and with a special sticker on their name badge identifying them as a voting delegate.

The voting delegate desk, located in the conference registration area of the Long Beach Convention Center in Long Beach, will be open at the following times: Wednesday, Oct. 8, 8:00 a.m.-6:00 p.m. and Thursday, Oct. 9, 7:30 a.m.-4:00 p.m. On Friday, Oct. 10, the voting delegate desk will be open at the General Assembly, starting at 7:30 a.m., but will be closed during roll calls and voting.

The voting procedures that will be used at the conference are attached to this memo.

Please share these procedures and this memo with your council and especially with the individuals that your council designates as your city’s voting delegate and alternates.

Once again, thank you for submitting your voting delegate and alternates by Wednesday, Sept. 24. If you have questions, please contact Zach Seals at [email protected].

A
ttachments:
• General Assembly Voting Guidelines
• Information Sheet: Cal Cities Resolutions and the General Assembly

1400 K Street, Suite 400, Sacramento, CA 95814 • 916.658.8200 • calcities.org

General Assembly Voting Guidelines

1. One City One Vote. Each member city has a right to cast one vote on matters pertaining to Cal Cities policy.

2. Designating a City Voting Representative. Prior to the Cal Cities Annual Conference and Expo, each city council may designate a voting delegate and up to two alternates; these individuals are identified on the voting delegate form provided to the Cal Cities Credentials Committee.

3. Registering with the Credentials Committee. The voting delegate, or alternates, may pick up the city's voting card at the voting delegate desk in the conference registration area. Voting delegates and alternates must sign in at the voting delegate desk. Here they will receive a special sticker on their name badge and thus be admitted to the voting area at the General Assembly.

4. Signing Initiated Resolution Petitions. Only those individuals who are voting delegates (or alternates), and who have picked up their city’s voting card by providing a signature to the credentials committee at the voting delegate desk, may sign petitions to initiate a resolution.

5. Voting. To cast the city's vote, a city official must have in their possession the city's voting card and voting tool; and be registered with the credentials committee. The voting card may be transferred freely between the voting delegate and alternates but may not be transferred to another city official who is neither a voting delegate nor alternate.

6. Voting Area at General Assembly. At the General Assembly, individuals with a voting card will sit in a designated area. Admission to the voting area will be limited to the individual in possession of the voting card and with a special sticker on their name badge identifying them as a voting delegate.

7. Resolving Disputes. In case of dispute, the credentials committee will determine the validity of signatures on petitioned resolutions and the right of a city official to vote at the General Assembly.

Sixty days before the
Annual Conference
and Expo, Cal Cities
members may submit
policy proposals on
issues of importance
to cities. The resolution must
have the concurrence of at least
five additional member cities or
individual members.

How it works: Cal Cities
Resolutions and the General Assembly
General Assembly
General Resolutions Policy Committees
Developing League of California Cities policy is a dynamic process that engages a wide range of members to ensure Cal Cities represents cities with one voice. These policies directly guide Cal Cities’ advocacy to promote local decision-making, and lobby against statewide policies that erode local control.

The resolutions process and General Assembly is one way that city officials can directly participate in the development of Cal Cities policy. If a resolution is approved at the General Assembly, it becomes official Cal Cities policy. Here’s how resolutions and the General Assembly work.

The petitioned
resolution is an
alternate method
to introduce policy
proposals during
the annual conference. The
petition must be signed by
voting delegates from 10% of
member cities, and submitted to
the Cal Cities President at least
24 hours before the beginning
of the General Assembly.

Petitioned Resolutions
The Cal Cities
President assigns
general resolutions
to policy committees
where members
review, debate, and recommend
positions for each policy proposal.

Recommendations are forwarded
to the Resolutions Committee.

Who’s who
The Resolutions Committee
includes representatives
from each Cal Cities
diversity caucus, regional
division, municipal
department, and policy
committee, as well as
individuals appointed by
the Cal Cities president.

Voting delegates
are appointed by each
member city; every city
has one voting delegate.

The General Assembly is a
meeting of the collective
body of all voting
delegates —one from
every member city.

Seven policy committees
meet throughout the year
to review and recommend
positions to take on bills
and regulatory proposals.

Policy committees include
members from each Cal
Cities diversity caucus,
regional division, and
municipal department,
as well as individuals
appointed by the Cal
Cities president.

During the General Assembly, voting delegates
debate and consider general and petitioned
resolutions forwarded by the Resolutions
Committee. Potential Cal Cities bylaws
amendments are also considered at this meeting.

Cal Cities policy
development is a member-
informed process,
grounded in the voices and
experiences of city officials
throughout the state.

For more information visit www.calcities.org/general-assembly Prior to the Annual Conference and Expo
Resolutions Committee
The Resolutions
Committee considers
all resolutions. General
Resolutions approved1 by
either a policy committee
or the Resolutions Committee are next
considered by the General Assembly.

General resolutions not approved, or
referred for further study by both a
policy committee and the Resolutions
Committee do not go to the General
Assembly. All Petitioned Resolutions
are considered by the General
Assembly, unless disqualified.2
During the Annual Conference and Expo
1 The Resolution Committee can amend a general resolution prior to sending it to the General Assembly. 2 Petitioned Resolutions may be disqualified by the Resolutions Committee according to Cal Cities Bylaws Article VI. Sec. 5(f).

8)
Construction Agreement with R.J. Noble Company for the Pavement Rehabilitation SB-1 Broadway Tracts CIP Project No. Z10089
Approve and authorize the City Manager to execute a Public Works Construction Agreement with R.J. Noble Company in the amount of $1,697,794 for the Pavement Rehabilitation SB-1 Broadway Tracts, CIP Project No. Z10089, in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed 10% contingency amount of $169,779.40; and authorize the City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted into the City-maintained roadway network.

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:Yu Tagai, City Engineer
Date:September 23, 2025
Subject:Construction Agreement with R.J. Noble Company for the Pavement Rehabilitation SB-1 Broadway Tracts CIP Project No. Z10089 Recommendation
Approve and authorize the City Manager to execute a Public Works Construction Agreement with R.J. Noble Company in the amount of $1,697,794 for the Pavement Rehabilitation SB-1 Broadway Tracts, CIP Project No. Z10089, in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed 10% contingency amount of $169,779.40; and authorize the City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted into the City-maintained roadway network.

Background
This project will include pavement rehabilitation and striping improvements to the Broadway Avenue Tracts. Project limits are Lakeshore Drive to the north, Woodcrest Drive to the west, Lake St. to the east, and Crestview Drive to the south.

The project was advertised on July 15, 2025. The low bidder is R.J. Noble Company with a total cost of $1,697,794.00.

Discussion
Contractor bids were secured via the City’s electronic bidding portal, PlanetBids, on August 12, 2025, at 2:00 PM, and results were made publicly visible. The City received ten (10) bids from qualified contractors. Staff recommends awarding the project to the apparent qualified low bidder, R.J. Noble Company. The bid results are summarized below:

Contract Award R.J. Noble Company SB1 Broadway

Page 2 of 2 ends

Contractor (Bidder) Total Bid Amount

1. R.J. Noble Company $1,697,794.00

2. Vance Corporation $1,742,797.21

3. Onyx Paving Company, Inc. $1,824,000.00

4. All American Asphalt $1,955,678.00

5. Hardy & Harper, Inc. $1,990,000.00

6. Copp Contracting, Inc. $2,126,983.52

7. Dash Construction Company, Inc. $2,250,426.50

8. LCR Earthwork & Engineering, Corp. $2,331,315.00

9. Calmex Engineering, Inc. $2,638,349.00

10. Romero General Construction Corp. $2,990,701.60
Fiscal Impact
The Public Works Construction Agreement will result in a cost of $1,697,794 plus an additional 10% contingency of $169,779.40. Funding for this project is allocated within the adopted CIP Budget.

Attachments
Attachment 1 - Agreement
Exhibit A - Proposal
Attachment 2 - Project Map
Engineering
1 Agreement No. __________

AGREEMENT FOR PUBLIC WORKS CONSTRUCTION
R.J. NOBLE COMPANY
For the
Pavement Rehabilitation Project SB-1
Broadway Tracts
CIP NO. Z10089
This Agreement for Public Works Construction (“Agreement”) is made and entered into as of September 23, 2025 by and between the City of Lake Elsinore, a municipal corporation (“City”) and R.J. Noble Company, a Corporation (“Contractor”).

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

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

Pavement Rehabilitation Project SB-1 Broadway Tracts (the “Project”) The City-approved plans for the construction of the Project, which are incorporated herein by reference and prepared by City of Lake Elsinore, are identified as:

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

2. Compensation.
a. For and in consideration of the payments and agreements to be made and performed by City, Contractor agrees to construct the Project, including furnishing all materials and performing all work required for the Project, and to fulfill all other obligations as set forth in the Bidder’s Proposal, such contract price being One Million Six Hundred Ninety- Seven Thousand Seven Hundred Ninety-Four dollars and zero cents ($1,697,794.00). 2 b. City hereby promises and agrees to employ, and does hereby employ, Contractor to provide the materials, do the work, and fulfill the obligations according to the terms and conditions herein contained and referred to, for the prices set forth, and hereby contracts to pay the same at the time, in the manner, and upon the conditions set forth in the Project Documents.
c. Contractor agrees to receive and accept the prices set forth in the Bidder’s Proposal as full compensation for furnishing all materials, performing all work, and fulfilling all obligations hereunder. Such compensation shall cover all expenses, losses, damages, and consequences arising out of the nature of work during its progress or prior to its acceptance including those for well and faithfully completing the work and the whole thereof in the manner and time specified in the Project Documents; and also including those arising from actions of the elements, unforeseen difficulties or obstructions encountered in the prosecution of the work, suspension or discontinuance of the work, and all other unknowns or risks of any description connected with the work.

3. Completion of Work.
a. Contractor shall perform and complete all work within Forty (40) working days from the date of commencement specified in the Notice to Proceed, and shall provide, furnish and pay for all the labor, materials, necessary tools, expendable equipment, and all taxes, utility and transportation services required for construction of the Project. b. All work shall be performed and completed in a good workmanlike manner in strict accordance with the drawings, specifications and all provisions of this Agreement as hereinabove defined and in accordance with applicable laws, codes, regulations, ordinances and any other legal requirements governing the Project.
c. Contractor shall not be excused with respect to the failure to so comply by any act or omission of the City, the City Engineer, a City inspector, or a representative of any of them, unless such act or omission actually prevents the Contractor from fully complying with the requirements of the Project Documents, and unless the Contractor protests at the time of such alleged prevention that the act or omission is preventing the Contractor from fully complying with the Project Documents. Such protest shall not be effective unless reduced to writing and filed with the City within three (3) working days of the date of occurrence of the act or omission preventing the Contractor from fully complying with the Project Documents. d. City and Contractor recognize that time is of the essence in the performance of this Agreement and further agree that if the work called for under the Agreement is not completed within the time hereinabove specified, damages will be sustained by the City and that, it is and will be impracticable or extremely difficult to ascertain and determine the actual amount of damages the City will sustain in the event of, and by reason of, such delay. It is, therefore, agreed that such damages shall be presumed to be in the amount of One Thousand dollars ($1,000.00) per calendar day, and that the Contractor will pay to the City, or City may retain from amounts otherwise payable to Contractor, such amount for each calendar day by which the Contractor fails to complete the work, including corrective items of work, under this Agreement within the time hereinabove specified and as adjusted by any changes to the work. 3 4. Changes to Work. City and Contractor agree that the City may make changes to the work, or suspend the work, and no matter how many changes, such changes or suspensions are within the contemplation of the Contractor and City and will not be a basis for a compensable delay claim against the City nor be the basis for a liquidated damage claim against the Contractor.

Any change to the work shall be by way of a written instrument (“change order”) signed by the City and the Contractor, stating their agreement to the following:
a. The scope of the change in the work;
b. The amount of the adjustment to the contract price; and c. The extent of the adjustment to the Schedule of Performance.

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

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

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

7. Licenses. Contractor represents and warrants to City that it holds the contractor’s license or licenses set forth in the Project Documents, is registered with the Department of Industrial Relations pursuant to Labor Code Section 1725.5, and holds such other licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Contractor. Contractor represents and warrants to City that Contractor shall, at its sole cost and expense, keep in effect or obtain at all times during the term of this Agreement, any licenses, permits, insurance and approvals which are legally required of Contractor to practice its profession. Contractor shall maintain a City of Lake Elsinore business license.

8. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, the County and Board Supervisors, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Contractor or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Contractor shall not apply when (1) the injury, loss of life, damage to property, or violation of law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Contractor or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to
4 property, or violation of law. It is understood that the duty of Contractor to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code.

Acceptance by City of insurance certificates and endorsements required under this Agreement does not relieve Contractor from liability under this indemnification and hold harmless clause.

This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply. By execution of this Agreement, Contractor acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

9. Insurance Requirements.
a. Insurance. Contractor, at Contractor’s own cost and expense, shall procure and maintain, for the duration of the Agreement, unless modified by the City’s Risk Manager, the following insurance policies.
i. Workers’ Compensation. Coverage. Contractor shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Contractor shall require each subcontractor to similarly maintain Workers’ Compensation Insurance and Employer’s Liability Insurance in accordance with the laws of the State of California for all of the subcontractor’s employees. Any notice of cancellation or non-renewal of all Workers’ Compensation policies must be received by the City at least thirty (30) days prior to such change. The insurer shall agree to waive all rights of subrogation against City, its officers, agents, employees and volunteers for losses arising from work performed by Contractor for City. In the event that Contractor is exempt from Worker’s Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California, Contractor shall submit to the City a Certificate of Exemption from Workers Compensation Insurance in a form approved by the City Attorney.
ii. Commercial General Liability Coverage. Contractor shall maintain commercial general liability insurance in an amount not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit. Required commercial general liability coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 (ed. 11/88) or Insurance Services Office form number GL 0002 (ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.
iii. Automobile Liability Coverage. Contractor shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence. Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement may be attached limiting the coverage.
5 iv. Builder’s Risk Coverage. Prior to the commencement of any construction of the Project, Design-Builder shall obtain (or cause to be obtained) and keep in force during the term of any construction, builder’s risk insurance insuring for all risks of physical loss of or damage (excluding the perils of earthquake and flood). v. Professional Liability Coverage. Contractor shall maintain professional errors and omissions liability insurance appropriate for Contractor’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Contractor’s services under this Agreement, whether such services are provided by the Contractor or by its employees, subcontractors, or sub consultants.

The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single limit per occurrence basis.
b. Endorsements. Each general commercial liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A:VII and shall be endorsed with the following specific language:
i. The City, its elected or appointed officers, officials, employees, agents and volunteers are to be covered as additional insured with respect to liability arising out of work performed by or on behalf of the Contractor, including materials, parts or equipment furnished in connection with such work or operations. ii. This policy shall be considered primary insurance as respects the City, its elected or appointed officers, officials, employees, agents and volunteers. Any insurance maintained by the City, including any self-insured retention the City may have, shall be considered excess insurance only and shall not contribute with it. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company.
iv. The insurer waives all rights of subrogation against the City, its elected or appointed officers, officials, employees or agents. v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.
vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) days written notice has been received by the City.
c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Contractor shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Contractor shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

Certificates of such insurance shall be filed with the City on or before commencement of 6 performance of this Agreement. Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement.

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

If to City: City of Lake Elsinore
Attn: City Manager
130 South Main Street
Lake Elsinore, CA 92530
With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street
Lake Elsinore, CA 92530
If to Contractor: R.J. Noble Company
Attn: Steven L. Mendoza
15505 E. Lincoln Ave.

Orange, CA 92865

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

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

13. Assignment and Subcontracting. Contractor shall be fully responsible to City for all acts or omissions of any subcontractors. Assignments of any or all rights, duties for obligations of the Contractor under this Agreement will be permitted only with the express consent of the City. Nothing in this Agreement shall create any contractual relationship between City and any subcontractor nor shall it create any obligation on the part of the City to pay or to see to the payment of any monies due to any such subcontractor other than as otherwise is required by law.

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

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

16. Controlling Law Venue. This Agreement and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this Agreement shall be held exclusively in a state court in the County of Riverside. 7 17. Litigation Expenses and Attorneys’ Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys’ fees.

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

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

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

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

22. Prevailing Wages.
a. Contractor and all subcontractors shall adhere to the general prevailing rate of per diem wages as determined and as published by the State Director of the Department of Industrial Relations pursuant to Labor Code Sections 1770, 1773, and 1773.2. Copies of these rates and the latest revisions thereto are on file in the office of the City Clerk of the City of Lake Elsinore and are available for review upon request. 8 b. Contractor's attention is directed to the provisions of Labor Code Sections 1774, 1775, 1776, 1777.5 and 1777.6. Contractor shall comply with the provisions of these Sections. The statutory provisions for penalties for failure to comply with the State's wage and the hours laws will be enforced.
c. Labor Code Sections 1774 and 1775 require the Contractor and all subcontractors to pay not less than the prevailing wage rates to all workmen employed in the execution of the contract and specify forfeitures and penalties for failure to do so. The minimum wages to be paid are those determined by the State Director of the Department of Industrial Relations. Labor Code Section 1776 requires the Contractor and all subcontractors to keep accurate payroll records, specifies the contents thereof, their inspection and duplication procedures and certain notices required of the Contractor pertaining to their location. The statutory penalties for failure to pay prevailing wages will be enforced. If the Project has been awarded to Contractor on or after April 1, 2015, Contractor and its subcontractors must furnish electronic certified payroll records to the Labor Commissioner. Beginning January 1, 2016, Contractor and its subcontractors must furnish electronic certified payroll records to the Labor Commissioner without regard to when the Project was awarded to Contractor. d. Labor Code Section 1777.5 requires Contractor or subcontractor employing tradesmen in any apprenticeable occupation to apply to the Joint Apprenticeship Committee nearest the site of the public works project, which administers the apprenticeship program in that trade for a certificate of approval. The certificate will also fix the ratio of apprentices to journeymen to be used in the performance of the Agreement. The Contractor is required to make contributions to funds established for the administration of apprenticeship programs if the Contractor employs registered apprentices or journeymen in any apprenticeable trade and if other contractors on the public works site are making such contributions.

Information relative to apprenticeship standards, contributions, wage schedules and other requirements may be obtained from the State Director of Industrial Relations or from the Division of Apprenticeship Standards. Labor Code Section 1777.6 provides that it shall be unlawful to refuse to accept otherwise qualified employees as registered apprentices solely on the grounds of race, religious creed, color, national origin, ancestry, sex, or age. e. Eight hours labor constitutes a legal day's work, as set forth in Labor Code Section 1810.

23. Execution. This Agreement may be executed in several counterparts, each of which shall constitute one and the same instrument and shall become binding upon the parties when at least one copy hereof shall have been signed by both parties hereto. In approving this Agreement, it shall not be necessary to produce or account for more than one such counterpart. [Signatures on next page]
9 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
“CONTRACTOR”
R.J. Noble Company, a Corporation
City Manager
ATTEST:

By: Steven L. Mendoza
Its: Vice President
City Clerk
APPROVED AS TO FORM:

City Attorney
Assistant City Manager

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]

BROADWAY TRACT RESURFACING

PROJECT
FY 24-25
2" GRIND AND OVERLAY
3" GRIND AND OVERLAY
PCI=65
PCI=36 PCI=26 PCI=27 PCI=29 PCI=34 PCI=25 PCI=22
PCI=60
9)
Tract Map No. 38378, Mission Trail at Lemon Residential Project Approve Final Tract Map No. 38378, subject to the City Engineer’s acceptance as being true and correct; authorize the City Clerk to sign the map and arrange for its recordation; and authorize the City Manager to execute the Construction Agreement for Monumentation.

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:Yu Tagai, City Engineer
Date:September 23, 2025
Subject:Tract Map No. 38378, Mission Trail at Lemon Residential Project Recommendation
Approve Final Tract Map No. 38378, subject to the City Engineer’s acceptance as being true and correct; authorize the City Clerk to sign the map and arrange for its recordation; and authorize the City Manager to execute the Construction Agreement for Monumentation.

Background
Mission Trail at Lemon Residential project is located west of Mission Trail and bounded by Victorian Lane to the north, and across from Lemon Street to the south. Tract Map No. 38378 proposes to subdivide an approximately 17.21-acre lot into one (1) lot for condominium purposes to construct 191 detached residential units and two (2) lettered lots dedicated for street and utility purposes within the East Lake Specific Plan. The proposed condominium unit floor plans range from 1,323 square feet to 2,146 square feet. All future public improvements have been secured.

Discussion
Per Subdivision Map Act 66474.1, Tract Map No. 38378 has been reviewed and has been determined that it is in substantial conformance to the previously approved Tentative Tract Map No. 38378. All Conditions of Approval relative to the final tract map approval have been satisfied.

Fiscal Impact
Public Improvements are to be constructed by the developer. The security posted is sufficient for the City to complete the construction if needed. Staff time was utilized to prepare the documents.

Final Tract Map No. 38378

Page 2 of 2 ends

Attachments
Attachment 1 - Final Boundary Map
Attachment 2 - Vicinity Map
Attachment 3 - Construction Agreement
Engineering

VICINITY MAP

10)
Traffic Impact Fee Agreement with In-N-Out Burgers for the Third Street and Dexter Avenue Signal Improvement Project
Approve and authorize the City Manager to execute a Traffic Impact Fee (TIF) Street Improvement Reimbursement Agreement with In-N-Out Burgers for the Third Street and Dexter Avenue signal improvement project.

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:Yu Tagai, City Engineer
Date:September 23, 2025
Subject:Traffic Impact Fee Agreement with In-N-Out Burgers for the Third Street and Dexter Avenue Signal Improvement Project
Recommendation
Approve and authorize the City Manager to execute a Traffic Impact Fee (TIF) Street Improvement Reimbursement Agreement with In-N-Out Burgers for the Third Street and Dexter Avenue signal improvement project.

Background
The City administers a Traffic Impact Fee as part of the Development Impact Fee Program (Municipal Code Chapter 16.74). The TIF is assessed as a condition of building permit issuance for residential, multi-family, office, commercial, and industrial development. Revenues generated from this fee are used to finance the construction of traffic infrastructure improvements required to serve new development and the community of Lake Elsinore.

In-N-Out Burgers, a California Corporation, has received approval to develop a new restaurant at Dexter Avenue and Crane Street. As a condition of the Project’s entitlement, the Developer is required to construct a traffic signal and intersection improvements at the intersection of Third Street and Dexter Avenue.

Discussion
The City and In-N-Out Burgers propose to enter into a reimbursement agreement for the required improvements. Under the terms of the agreement, the developer may seek reimbursement for eligible improvements as approved by the City Engineer. These improvements include construction of a new traffic signal, installation of ADA compliant ramps, and incidental improvements as necessary to accommodate the intersection upgrades at Third Street and Dexter Avenue. The project’s TIF obligation, based on the proposed 3,886 square foot restaurant, is $14,922.24. The Developer has requested that the City reimburse additional eligible costs In-N-Out Reimbursement Agreement

Page 2 of 2 ends

reasonably incurred in connection with the construction of the improvements. Pursuant to the TIF Program, the total of the Developer’s TIF obligation and any TIF reimbursement shall not exceed $175,000, which represents the maximum allowable credit for the intersection improvements.

Fiscal Impact
The developer’s City TIF obligation is $14,922.24 and the agreement identifies a maximum of $175,000 eligible for reimbursements or credit for TIF network improvements. The balance of $160,077.76 is programmed through City’s TIF program.

Attachments
Attachment 1 - Agreement
Engineering
1 TRAFFIC IMPACT FEE (TIF)

STREET IMPROVEMENT REIMBURSEMENT AGREEMENT
THIS STREET IMPROVEMENT REIMBURSEMENT AGREEMENT (this “Agreement”), entered into this ____ day of _____________, 2025, by and between the CITY OF LAKE ELSINORE, a municipal corporation, hereinafter referred to as the “City,” and IN-N-OUT BURGERS, a California corporation, hereinafter referred to as the “Developer.”

RECITALS
A. Developer is the owner of property located within the City, which property has received development entitlements approvals from the City in connection with Planning Application No. 2022-20, including Conditional Use Permit No. 2022-07, Commercial Design Review No. 2022-10, and Uniform Sign Program No. 2023-05 (the “Entitlements”) The Entitlements contemplate the construction of certain improvements more particularly described therein, located on an approximately 2.29-acre site within the General Commercial (C-2) District along Dexter Avenue between Crane Street and Allen Street (APNs: 377-030-085, 086, 087, 088, 089, 090, 091, and 092) (collectively, the “Development”). A legal description of such property is attached as Exhibit “A” (the “Property”). A map of the Property is attached as Exhibit “B”.

B. The Development is subject to certain conditions of approval adopted in connection with the Entitlements, including Condition of Approval No. 72 which provides, in pertinent part, as follows:

The new traffic signal and ADA ramps at the intersection of Dexter Avenue and Third Street as provided in Condition of Approval No. 72 is collectively referred to herein as the “Improvements”). The estimated cost of the Improvements are set forth on Exhibit “C.” C. Chapter 16.74 of the Lake Elsinore Municipal Code establishes a Traffic Infrastructure Fee to be paid prior to the issuance of a building permit for the City’s arterial and collector street system (the “TIF”), and Section 16.74.120(B) establishes a mechanism for providing credits and reimbursement to Developer for constructing eligible capital improvements:

A property owner or land developer may elect to construct capital improvement(s). If the property owner or land developer elects to construct such improvement(s), the property owner or land developer must enter into an agreement with the City prior to issuance of any building permit by the City or, alternatively, complete such capital improvement(s) prior to the issuance of the certificate of occupancy. To the extent that the Department determines that an agreement is necessary, the agreement must establish the estimated cost of the improvement(s), the schedule for initiation and completion of the improvement(s), a requirement that the improvement(s) be completed to City standards, and such other terms and conditions as deemed necessary by the City.

D. The Developer has requested that City enter into an agreement by the terms of which the Developer can receive credit (“TIF Credits”) against the Developer's TIF obligation for the Development (the “Development TIF Obligation”), and be reimbursed (“TIF Reimbursements”) for additional eligible actual cost reasonably incurred by the Developer in connection with the construction of the Improvements; provided, however, that the sum of the Development TIF Obligation and the TIF Reimbursement shall not exceed $175,000 (the “Maximum TIF Credit/Reimbursement”), which represents the maximum allowable consideration for intersection improvements under the TIF program (See Table E). 2 AGREEMENT
NOW, THEREFORE, for good and valuable consideration, the receipt of which is hereby acknowledged, and the mutual promises contained herein, it is agreed as follows:

Section 1. Purpose of the Agreement. Subject to Section 3 below, the Developer shall cause the Improvements to be designed, engineered, permitted and constructed and the City shall pay or credit the Developer the TIF Reimbursement and/or TIF Credit, provided that the aggregate amount of such pay and credit shall not exceed the Maximum TIF Credit/Reimbursement.

Section 2. Preparation and Approval of Plans and Specifications. The Developer has or shall cause plans and specification (the “Plans”) to be prepared for the Improvements and obtain all of the permits (“Permits”) required for construction of the Improvements. The Developer shall provide a copy of the Plans to the City Engineer and shall obtain the written approval of the Plans from City, not to be unreasonably withheld, conditioned, or delayed.

Section 3. Duty of Developer to Construct. The Developer shall construct or cause the Improvements to be constructed in substantial accordance with the approved Plans and the specifications approved by the City Engineer. The Developer shall perform all of its obligations hereunder and shall conduct all operations with respect to the construction of the Improvements in a good, workmanlike and commercially reasonable manner, with the standard of diligence and care normally employed by duly qualified persons utilizing commercially reasonable efforts in the performance of comparable work and in accordance with generally accepted practices appropriate to the activities undertaken. The parties anticipate that the actual costs of the Improvements will exceed the Maximum TIF Credit/Reimbursement. Accordingly, the Developer shall not be relieved of its obligation to construct the Improvements and cause title to the Improvements to be conveyed to the City even if the combined total of the TIF Credit and TIF Reimbursement exceeds the Maximum TIF Credit/Reimbursement. In the event that Developer elects to not construct the Development, Developer shall not have a separate obligation to construct the Improvements, and such election shall not constitute a default of this Agreement.

Section 4. Acquisition of City Facilities. Upon completion of the Improvements, Developer hereby agrees to convey ownership to the City and the City hereby agrees to accept the Improvements (“Acceptance Date”) no later than ten (10) days following the City Engineer's reasonable determination the Improvements are complete in substantial accordance with the Plans (which shall be not later than fifteen (15) days following Developer's notice to City that the Improvements are complete).

Section 5. Payment of the TIF Credit or TIF Reimbursement. a. The Developer acknowledges that as of the date of this Agreement, the estimated Development TIF Obligation is $14,922.24 based on a 3,886 square foot building. This obligation currently is less than the estimated cost of the Improvements set forth in Exhibit “C”.

The Developer further acknowledges that this Agreement does not serve to estop the City from making further adjustments to the TIF, consistent with Chapter 16.74 and State law. Developer shall receive TIF Credits and TIF Reimbursement pursuant to this Section 5 for verified Eligible Costs of the Improvements not to exceed the Maximum TIF Credit/Reimbursement. "Eligible Cost" means the hard and soft costs of the Improvements to be used in calculating TIF Credit or TIF Reimbursement amounts, which costs, as supported by evidence from Developer, may include, but are not limited to: materials and labor associated with signalization improvements 3 such as poles, signal heads, conduits, wiring, electronics such as but not limited to controllers, cameras, and incidental hardware for signal operation.
b. On or after the Acceptance Date, Developer shall submit a billing, together with all invoices showing amounts paid by Developer, to the City Engineer requesting determination of the actual Eligible Cost of the Improvements and the TIF Credit and TIF Reimbursement (“Payment Request”) pursuant to the terms herein and provided, further, that the sum of the requested TIF Credit and TIF Reimbursement shall not exceed the Maximum TIF Credit/Reimbursement. The City Engineer shall use commercially reasonable efforts to determine the amount of the earned TIF Credit and TIF Reimbursement up to the Maximum TIF Credit/Reimbursement and provide Developer written notice (the “TIF Notice”) within twenty (20) days of receipt of the bill submitted by the Developer. Once completed, the TIF Notice is to be executed and dated by the City Engineer and the Developer. c. The City shall reimburse Developer within ninety (90) days of Developer’s receipt of the TIF Notice.

Section 6. Construction Requirements.
(a) The Developer shall require, and the specifications and contract documents shall require all contractors, subcontractors, vendors, equipment operators and owner operators, in each such case to the extent such individuals or entities are engaged to perform work on the Improvements, to pay at least general prevailing wage rates to all workers employed in the execution of the contract, to post a copy of the general prevailing wage rates at the job-site in a conspicuous place available to all employees and applicants for employment, and to otherwise comply with applicable provisions of the California Labor Code, the California Government Code and the California Public Contracts Code relating to general prevailing wage rates as required by the specifications approved by the City Engineer.
(b) The Developer shall require each contractor, subcontractor, vendor, equipment operator and owner operator, in each such case to the extent such individual or entity is engaged to perform work on the Improvements, to provide proof of insurance coverage satisfying the requirements of Section 11 hereof throughout the term of the construction of the Improvements.

Rather than requiring its contractors to provide such insurance, the Developer may elect to provide the same for the benefit of its contractors.
(c) The Developer shall comply, and shall cause each contractor, subcontractor, vendor, equipment operator and owner operator, in each such case to the extent such individual or entity is engaged to perform work on the Improvements, to comply with such other requirements relating to the construction of the Improvements as the City may impose by written notification delivered to the Developer, to the extent legally required as a result of changes in applicable federal, state or City laws, rules or procedures.
(d) The Developer shall require, and the specifications and bid and contract documents shall require, all contractors, subcontractors, vendors, equipment operators and owner operators, in each such case to the extent such individuals or entities are engaged to perform work on the Improvements, to submit (in digital form) certified weekly payroll records to the City Engineer promptly upon request, provided that such submissions shall not be required to be made more than once every two weeks (with each such submission to cover the current and immediately prior week).
4 The Developer shall provide proof to the City Engineer, no more frequently than monthly and in such hard copy form as the City Engineer may reasonably require, that the foregoing requirements have been satisfied as to the Improvements.

Section 7. Intentionally Omitted. The Developer shall have secured (or shall have caused to be secured) any and all permits, including a temporary encroachment permit, which may be required by the City or any other governmental agency affected by the construction of the Improvements. The Developer shall be responsible for paying all applicable fees and charges to the City to obtain any land use entitlements and permits that are necessary to construct the Improvements.

Section 8. Intentionally Omitted.

Section 9. Inspection; Completion of Construction. The City Engineer shall have responsibility for providing inspection of the work of construction of the Improvements to ensure that the work of construction is accomplished in substantial accordance with the Plans and specifications approved by the City Engineer. City personnel shall have access to the site of the work construction at all reasonable times for the purpose of accomplishing such inspection.

No later than ten business days after the Acceptance Date, the Developer and the City shall forthwith file with the Lake Elsinore City Clerk a Notice of Completion pursuant to the provisions of Section 3093 of the California Civil Code.

Section 10. Maintenance of Facilities; Warranties. The Developer shall maintain the Improvements in good and safe condition until the Acceptance Date. Prior to the Acceptance Date, the Developer shall be responsible for maintaining the Improvements in proper operating condition. As of the Acceptance Date, the Developer shall, to the extent permitted, assign to the City all of the Developer’s rights in any warranties, guarantees, maintenance obligations or other evidence of contingent obligations of third persons with respect to the Improvements.

Section 11. Insurance Requirements. Without limiting or diminishing the Developer’s obligation to indemnify or hold the City harmless, the Developer shall procure and maintain or cause to be maintained, at its sole cost and expense, the following insurance coverages during the term of this Agreement.
(a) Commercial General Liability: Developer shall maintain commercial general liability insurance coverage, including but not limited to, premises liability, contractual liability, products and completed operations, explosion, use of cranes, and other heavy equipment and underground hazards, personal injury covering claims which may arise from or out of Developer’s performance of its obligations hereunder (“Policy”). The Policy shall name by endorsement the City and its special districts, respective directors, officers, Board of Supervisors, elected officials, employees, agents or representatives as Additional Insureds. The Policy’s limit of liability shall not be less than $1,000,000 per occurrence combined single limit. If such insurance Policy contains a general aggregate limit, it shall apply separately to this Agreement or be no less than two (2) times the occurrence limit.
(b) Vehicle Liability: Developer shall maintain liability insurance for all owned, non -owned or hired vehicles in an amount not less than $1,000,000 per occurrence combined single limit. If such insurance contains a general aggregate limit, it shall apply separately to this Agreement or be no less than two (2) times the occurrence limit. Policy shall name by 5 endorsement the City, its special districts, their respective directors, officers, Board of Supervisors, elected officials, employees, agents or representatives as Additional Insureds. (c) Worker’s Compensation Insurance: Developer shall maintain Workers’ Compensation Insurance (Coverage A) as prescribed by the laws of the State of California.

Section 12. Ownership of Facilities. Notwithstanding the fact that a portion or all of the Improvements may be constructed in dedicated rights-of-way or on property that has been or will be dedicated to the City, the Improvements shall be and remain the property of the Developer until acceptable title thereto is conveyed to the City as provided herein. Such ownership by the Developer shall likewise not be affected by any agreement that the Developer may have entered into or may enter into with the City pursuant to the provisions of the Subdivision Map Act, Section 66410 et seq. of the Code, and the provisions of this Section shall control.

Section 13. Representations, Warranties and Covenants of the Developer. The Developer makes the following representations, warranties and covenants for the benefit of the City, as of the date hereof and as of the date of the Payment Request is delivered to the City hereunder:
(a) Organization. The Developer represents and warrants that the Developer is a California corporation duly organized and validly existing under the laws of the State of California, is in good standing under the laws of the State, and has the power and authority to own its properties and assets and to carry on its business as now being conducted and as now contemplated.
(b) Authority. The Developer represents and warrants that the Developer has the power and authority to enter into this Agreement, and has taken all action necessary to cause this Agreement to be executed and delivered, and this Agreement has been duly and validly executed and delivered on behalf of the Developer.
(c) Binding Obligation. The Developer represents and warrants that this Agreement is a valid and binding obligation of the Developer and is enforceable against the Developer in accordance with its terms, subject to bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights in general and by general equity principles. (d) Completion of Improvements. Except in the event that Developer elects to not construct the Development as provided in Section 3, the Developer covenants that it will use its reasonable and diligent efforts to do all things that may be lawfully required of it in order to cause the Improvements to be completed in accordance with this Agreement. (e) Compliance with Laws. The Developer covenants that, while the Improvements are owned by the Developer or required pursuant to this Agreement to be maintained by the Developer, it will not commit, suffer or permit any of its agents, employees or contractors to commit any act to be done in, upon or to the Improvements in violation in any material respect of any law, ordinance, rule, regulation or order of any governmental authority or any covenant, condition or restriction now or hereafter affecting the Property or the Improvements. (f) Intentionally omitted.
(g) Intentionally omitted.
6 (h) Permits. The Developer covenants that it will obtain all governmental or other permits required to proceed with the construction of the Improvements and that it will pay all fees relating thereto. The Developer and the City mutually represent and warrant to each other that to their actual knowledge, as of the date hereof, there is no material legal impediment to the Developer’s proceeding with and completing the construction of the Improvements or to the development of the Property as contemplated by the Developer.

Section 14. Representations, Warranties and Covenants of City. City makes the following representations, warranties and covenants for the benefit of the Developer:
(a) Authority. City represents and warrants that City has the power and authority to enter into this Agreement and has taken all action necessary to cause this Agreement to be executed and delivered, and this Agreement has been duly and validly executed and delivered on behalf of the City.
(b) Binding Obligation. City represents and warrants that this Agreement is a valid and binding obligation of City and is enforceable against City in accordance with its terms, subject to bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights in general and by general equity principles. (c) Completion of the Improvements. The City covenants that it will use its reasonable and diligent efforts to expeditiously take all actions that may be lawfully required of it in issuing permits, processing and approving plans and specifications and inspecting the Improvements in accordance with this Agreement.
(d) Payment Requests. City represents and warrants that it will diligently follow all procedures set forth in this Agreement with respect to the Payment Request.

Section 15. Indemnification. The Developer agrees to protect, indemnify, defend (with counsel selected by the Developer and reasonably acceptable by the City) and hold the City, and its respective officers, employees and agents, and each of them, harmless from and against any and all claims, losses, expenses, suits, actions, decrees, judgments, awards, attorney’s fees, and court costs (collectively, “Damages”) which the City, or its respective officers, employees and agents, or any combination thereof, may suffer or which may be sought against or recovered or obtained from the City, or its respective officers, employees or agents, or any combination thereof, as caused by or arising out of:
(a) the construction, or installation of the Improvements by Developer or any of its contractors, subcontractors, or their respective officers, employees or agents; (b) the material untruth or inaccuracy of any representation or warranty made by the Developer in this Agreement or in any certifications delivered by the Developer hereunder; or (c) any material breach of the Agreement by Developer or any of its contractors. subcontractors, or their respective officers, employees or agents, in connection with the Improvements.

If the Developer fails to do so, the City shall have the right, but not the obligation, to defend the same and charge all actual out-of-pocket costs of such defense, including any reasonable attorneys’ fees or court costs, to and recover the same from the Developer. The parties acknowledge and agree that the Developer shall be released from the indemnity obligation 7 set forth herein upon the Acceptance Date. Notwithstanding the foregoing, neither the City nor its respective officers, officials employees, agents, contractors, attorneys or volunteers shall be indemnified, defended or held harmless against such Damages to the extent that such Damages have been caused by their gross negligence or willful misconduct.

Section 16. Developer as a Private Developer. In performing under this Agreement, it is mutually understood that the Developer is acting as a private developer, and not as an agent of the City. The City shall have no responsibility for payment to any contractor, subcontractor or supplier of the Developer. Accordingly, this Agreement does not constitute a debt or liability of the City. Other than as provided in Section 5, the City shall not be obligated to advance any of its own funds or any other costs incurred in connection with the Project. No member, official or employee of the City shall be personally liable to the Developer, or any successor in interest, in the event of any default or breach by the City or for any amount which may become due to the Developer or its successors, or on any obligations under the terms of this Agreement.

Section 17. Other Agreements. Nothing contained herein shall be construed as affecting the City’s or the Developer’s respective duty to perform its respective obligations under other agreements, land use regulations or subdivision requirements relating to the development of the Property, which obligations are and shall remain independent of the Developer’s rights and obligations, and the City’s rights and obligations, under this Agreement.

Section 18. Binding on Successors and Assigns. Neither this Agreement nor the duties and obligations of the Developer hereunder may be assigned to any person or legal entity other than an affiliate of the Developer without the written consent of the City, which consent shall not be unreasonably withheld or delayed. Neither this Agreement nor the duties and obligations of the City hereunder may be assigned to any person or legal entity, without the written consent of the Developer, which consent shall not be unreasonably withheld or delayed. The agreements and covenants included herein shall be binding on and inure to the benefit of any partners, permitted assigns, and successors-in-interest of the parties hereto.

Section 19. Amendments. This Agreement can only be amended by an instrument in writing executed and delivered by the City and the Developer.

Section 20. Waivers. No waiver of, or consent with respect to, any provision of this Agreement by a party hereto shall in any event be effective unless the same shall be in writing and signed by such party, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given.

Section 21. No Third Party Beneficiaries. No person or entity, other than the City, shall be deemed to be a third party beneficiary hereof, and nothing in this Agreement (either express or implied) is intended to confer upon any person or entity, other than the City and the Developer (and their respective successors and assigns), any rights, remedies, obligations or liabilities under or by reason of this Agreement.

Section 22. Notices. Any written notice, statement, demand, consent approval, authorization, offer, designation, request or other communication to be given hereunder shall be given to the party entitled thereto at its address set forth below, or at such other address as such party may provide to the other party in writing from time to time, namely:

City: City of Lake Elsinore
Attn: City Manager
8 130 South Main Street
Lake Elsinore, CA 92539
Developer: In-N-Out Burger
Attn: Justin Iwata
13502 Hamburger Lane
Baldwin Park, CA 91706
Each such notice, statement, demand, consent, approval, authorization, offer, designation, request or other communication hereunder shall be deemed delivered to the party to whom it is addressed (a) if personally served or delivered, upon delivery, (b) if given by electronic communication, whether by telex, telegram or telecopy, upon the sender’s receipt of an appropriate answerback or other written acknowledgment, (c) if given by registered or certified mail, return receipt requested, deposited with the United States mail postage prepaid, 72 hours after such notice is deposited with the United States mail, (d) if given by overnight courier, with courier charges prepaid, 24 hours after delivery to said overnight courier, or (e) if given by any other means, upon delivery at the address specified in this Section.

Section 23. Jurisdiction and Venue. City and the Developer (a) agrees that any suit action or other legal proceeding arising out of or relating to this Agreement shall be brought in state or local court in the County of Riverside or in the Courts of the United States of America in the district in which the City is located, (b) consents to the jurisdiction of each such court in any suit, action or proceeding, and (c) waives any objection that it may have to the laying of venue or any suit, action or proceeding in any of such courts and any claim that any such suit, action or proceeding has been brought in an inconvenient forum. Each of the City and the Developer agrees that a final and non-appealable judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.

Section 24. Attorneys’ Fees. If any action is instituted to interpret or enforce any of the provisions of this Agreement, the prevailing party in such action shall be entitled to recover from the other party thereto reasonable attorney’s fees and costs of such suit (including both prejudgment and post judgment fees and costs) as determined by the court as part of the judgment.

Section 25. Governing Law. This Agreement and any dispute arising hereunder shall be governed by and interpreted in accordance with the laws of the State of California.

Section 26. Usage of Words. As used herein, the singular of any word includes the plural, and terms in the masculine gender shall include the feminine.

Section 27. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original.
[Signatures On Next Page]
9 IN WITNESS WHEREOF, the parties have executed this Agreement as of the respective dates set forth below.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
Date: _______________________, 2025 ______________________________ Jason Simpson, City Manager
ATTEST:

CITY CLERK
__________________________________
Candice Alvarez, City Clerk
APPROVED AS TO FORM:

LEIBOLD McCLENDON & MANN, P.C.
__________________________________
Barbara Leibold, City Attorney
“DEVELOPER”
IN-N-OUT BURGERS, a California
corporation
Date: _______________________, 2025 _______________________________ Mike Abbate
Vice President, Store Development
Attach Notary Acknowledgement
EXHIBIT “A”

PROPERTY LEGAL DESCRIPTION
The Land referred to herein below is situated in the County of Riverside, State of California, and is described as follows:

PARCEL A:

PARCEL 1 OF LOT LINE ADJUSTMENT NO. 2023-0004 RECORDED APRIL 26, 2024 AS INSTRUMENT NO. 2024-0122168 OF OFFICIAL RECORDS, BEING DESCRIBED MORE PARTICULARLY AS FOLLOWS:

BEING A PORTION OF PARCEL 1 OF LOT MERGER NO. 2023-0010, IN THE CITY OF LAKE

ELSINORE, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER A DOCUMENT RECORDED FEBRUARY 29, 2024 AS DOCUMENT NO. 2024-0056397, TOGETHER WITH A PORTION OF THE SOUTHEASTERLY 30.00 FEET OF ALLAN STREET, AS VACATED BY RESOLUTION NO. 88-9, A RESOLUTION OF THE CITY COUNSIL OF THE CITY OF LAKE ELSINORE, STATE OF CALIFORNIA, RECORDED FEBRUARY 29, 1988, AS DOCUMENT NO. 51508, BOTH OFFICIAL RECORDS OF SAID COUNTY, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING AT THE INTERSECTION OF THE NORTHWESTERLY PROLONGATION OF THE SOUTHWESTERLY LINE OF SAID PARCEL 1 WITH THE NORTHWESTERLY LINE OF SAID ALLAN STREET;

THENCE AT RIGHT ANGLES TO THE NORTHWESTERLY LINE OF SAID ALLAN STREET, SOUTH 46°49'00" EAST 74.74 FEET;
THENCE PARALLEL TO SAID NORTHWESTERLY LINE, NORTH 43°11'00" EAST 25.72 FEET;
THENCE AT RIGHT ANGLES TO SAID NORTHWESTERLY LINE, SOUTH 46°49'00" EAST 247.82 FEET TO A POINT ON THE SOUTHEASTERLY LINE OF SAID PARCEL 1; THENCE ALONG SAID SOUTHEASTERLY LINE, NORTH 43°10'54" EAST 160.15 FEET TO THE MOST EASTERLY CORNER OF SAID PARCEL 1;
THENCE ALONG THE NORTHEASTERLY LINE OF SAID PARCEL 1 AND ITS NORTHWESTERLY PROLONGATION, NORTH 46°51'17" WEST 322.55 FEET TO THE INTERSECTION WITH THE NORTHWESTERLY LINE OF SAID ALLAN STREET;

THENCE ALONG THE NORTHWESTERLY LINE OF SAID ALLAN STREET, SOUTH 43°11'00" WEST 185.66 FEET TO THE POINT OF BEGINNING;
PARCEL B:

PARCEL 2 OF LOT LINE ADJUSTMENT NO. 2023-0004 RECORDED APRIL 26, 2024 AS INSTRUMENT NO. 2024-0122168 OF OFFICIAL RECORDS, BEING DESCRIBED MORE PARTICULARLY AS FOLLOWS: BEING ALL OF PARCEL 1 OF LOT MERGER NO. 2023- 0011, IN THE CITY OF LAKE ELSINORE, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER A DOCUMENT RECORDED MARCH 01, 2024 AS DOCUMENT NO. 2024-0057886, OFFICIAL RECORDS OF SAID COUNTY, TOGETHER WITH A PORTION OF PARCEL 1 OF THE LOT MERGER NO. 2023-0010, IN THE CITY OF LAKE ELSINORE,

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER A DOCUMENT RECORDED FEBRUARY 29, 2024 AS DOCUMENT NO. 2024-0056397, AND A PORTION OF THE SOUTHEASTERLY 30.00 FEET OF ALLAN STREET, AS VACATED BY RESOLUTION NO. 88-9, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, STATE OF CALIFORNIA, RECORDED FEBRUARY 29, 1988, AS DOCUMENT NO. 51508, ALL

OFFICIAL RECORDS OF SAID COUNTY, MORE PARTICULUARY DESCRIBED AS FOLLOWS;

BEGINNING AT THE INTERSECTION OF THE NORTHWESTERLY PROLONGATION OF THE SOUTHWESTERLY LINE OF PARCEL 1 OF SAID LOT MERGER 2023-0010, WITH THE NORTHWESTERLY LINE OF SAID ALLAN STREET;

THENCE AT RIGHT ANGLES TO THE NORTHWESTERLY LINE OF SAID ALLAN STREET, SOUTH 46°49'00" EAST 74.74 FEET;
THENCE PARALLEL TO SAID NORTHWESTERLY LINE, NORTH 43°11'00" EAST 25.72 FEET;
THENCE AT RIGHT ANGLES TO SAID NORTHWESTERLY LINE, SOUTH 46°49'00" EAST 247.82 FEET TO A POINT ON THE SOUTHEASTERELY LINE OF SAID PARCEL 1; THENCE ALONG THE SOUTHEASTERLY LINE OF SAID PARCEL 1 AND PARCEL 1 OF SAID LOT MERGER NO. 2023-0011, SOUTH 43°10'54" WEST 302.91 FEET TO THE MOST SOUTHERLY CORNER OF PARCEL 1 OF SAID LOT MERGER NO. 2023-0011, SAID

CORNER ALSO BEING A POINT ON THE NORTHEASTERLY RIGHT-OF-WAY LINE OF

DEXTER AVENUE, AS PER A DEED TO THE COUTY OF RIVERSIDE RECORDED FEBRUARY 8, 1982 AS DOCUMENT NO. 22868, OFFICIAL RECORDS OF SAID COUNTY; THENCE ALONG THE SOUTHWESTERLY LINE OF PARCEL 1 OF SAID LOT MERGER NO. 2023-0011 AND SAID NORTHEASTERLY RIGHT-OF-WAY LINE THE FOLLOWING THREE (3) COURSES:

1. NORTH 08°35'20" WEST 33.44 FEET TO THE BEGINNING OF A TANGENT CURVE, CONCAVE SOUTHWESTERLY, AND HAVING A RADIUS OF 330.00 FEET;

2. NORTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 38°13'32", AN ARC DISTANCE OF 220.13 FEET;

3. TANGENT TO SAID CURVE, NORTH 46°48'32" WEST 92.14 FEET TO THE INTERSECTION WITH THE NORTHWESTERLY LINE OF SAID ALLAN STREET;

THENCE LEAVING SAID SOUTH WESTERLY LINE AND ALONG THE NORTHWESTERLY LINE OF SAID ALLAN STREET, NORTH 43°11'00" EAST 185.72 FEET TO THE POINT OF BEGINNING.

PARCEL C:

NON-EXCLUSIVE EASEMENT FOR ACCESS, INGRESS AND EGRESS, AS SAID

EASEMENT IS SET FORTH IN THAT CERTAIN GRANT OF EASEMENT RECORDED SEPTEMBER 29, 1987 AS INSTRUMENT NO. 281761 AND AMENDED AUGUST 12, 2013 AS INSTRUMENT NO. 2013-0391689 BOTH OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.

EXHIBIT `B”

PROPERTY MAP

EXHIBIT “C”

IMPROVEMENTS

11)
Consideration of Annual Reporting of Completed State Mandated Fire and Life Safety Inspections by the City of Lake Elsinore in Compliance with SB 1205 for Fiscal Year 2024-2025
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACKNOWLEDGING RECEIPT OF A REPORT MADE BY THE FIRE CHIEF

OF THE RIVERSIDE COUNTY FIRE DEPARTMENT REGARDING THE INSPECTION OF

CERTAIN OCCUPANCIES REQUIRING ANNUAL INSPECTIONS IN SUCH OCCUPANCIES PURSUANT TO SECTIONS 13145, 13146 and 17921 OF THE CALIFORNIA HEALTH AND SAFETY CODE.

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:Dustin Reed, Chief
Date:September 23, 2025
Subject:Consideration of Annual Reporting of Completed State Mandated Fire and Life Safety Inspections by the City of Lake Elsinore in Compliance with SB 1205 for Fiscal Year 2024-2025
Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, ACKNOWLEDGING RECEIPT OF A REPORT MADE BY THE FIRE CHIEF OF

THE RIVERSIDE COUNTY FIRE DEPARTMENT REGARDING THE INSPECTION OF

CERTAIN OCCUPANCIES REQUIRING ANNUAL INSPECTIONS IN SUCH OCCUPANCIES PURSUANT TO SECTIONS 13145, 13146 and 17921 OF THE CALIFORNIA HEALTH AND SAFETY CODE.

Background
On September 27, 2018, SB 1205 became effective, and added a new section to the California Health and Safety Code which affects every fire department or fire district in the State. Existing state law requires every fire department or district providing fire protection services to inspect every building used as a public or private school annually. This same annual inspection requirement is applicable to hotels, motels, lodging houses, and apartment houses. This bill also requires every fire department or district to annually report to its administering authority their compliance with the annual inspection requirements of the California Health and Safety Code.

The bill also requires the administering authority to formally acknowledge receipt of the compliance report in a resolution or a similar formal document.

Discussion
The responsibility for conducting the required inspections falls to the Fire Division as directed by the Fire Marshal. In conducting these inspections, Fire Division staff review compliance with such items as fire sprinkler and fire alarm maintenance, safe exiting, fire extinguisher maintenance, conducting fire drills , and safe storage of combustibles.

Annual Reporting of Mandated Inspections SB 1205

Page 2 of 2 ends

In review of all completed inspections, the Fire Marshal has determined that all required inspections have been completed for Fiscal Year 2024-2025. Adoption of the recommended resolution and transmittal to the appropriate State Agency will meet the City’s obligation under SB 1205.

Environmental Determination
The proposed resolution is exempt from the California Environmental Quality Act (Cal. Publ. Res.

Code §§21000 et seq. “CEQA”) and the State CEQA Guidelines (14. Cal. Code Regs §§15000 et seq.), specifically pursuant to pursuant to Sections 15060(c)(2), 15060(c)(3), and 15061(b)(3) of the State CEQA Guidelines because it will not result in a direct or reasonably foreseeable indirect physical change in the environment, because there is no possibility that it may have a significant effect on the environment and because it is not a “project” as that term is defined in Section 15378 of the State CEQA Guidelines.

Fiscal Impact
There is no fiscal impact related to this action and all costs of the inspection processes are included in the adopted fee resolution.

Attachments
Attachment 1 - Resolution
Fire
1 RESOLUTION NO. 2025-

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

CALIFORNIA, ACKNOWLEDGING RECEIPT OF A REPORT MADE BY THE

FIRE CHIEF OF THE RIVERSIDE COUNTY FIRE DEPARTMENT REGARDING

THE INSPECTION OF CERTAIN OCCUPANCIES REQUIRING ANNUAL
INSPECTIONS IN SUCH OCCUPANCIES PURSUANT TO SECTIONS 13145, 13146 and 17921 OF THE CALIFORNIA HEALTH AND SAFETY CODE Whereas, California Health & Safety Code Section 13146.4 was added in 2018, and became effective on January 1, 2019; and
Whereas, California Health & Safety Code Section 13146.4 requires all fire departments, including the Riverside County Fire Department, that provide fire protection services to report annually to its administering authority on its compliance with Health & Safety Code sections 13146.2 and 13146.3; and
Whereas, California Health & Safety Code Section 13146.2 and 13146.3 requires all fire departments, including the Riverside County Fire Department, that provide fire protection services to perform annual inspections in every building used as a public or private school, hotel, motel, lodging house, apartment house, and certain residential care facilities for compliance with building standards, as provided; and
Whereas, the Council of the City of Lake Elsinore intends this Resolution to fulfill the requirements of the California Health & Safety Code 13146.4 regarding acknowledgment of the Riverside County Fire Department’s compliance with California Health and Safety Code Sections 13146.2 and 13146.3.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Lake Elsinore, California: expressly acknowledges the measure of compliance of the Riverside County Fire Department with Health and Safety Code sections 13146.2 and 13146.3 in the City of Lake Elsinore for the time period of July 1, 2024, to June 30, 2025, as follows:

Section 1. The above recitals are true and correct.

Section 2. Educational Group E occupancies, for the purposes of this Resolution, are generally those public and private schools, used by more than six persons at any one time for educational purposes through the 12th grade. The Riverside County Fire Department completed 100% of the annual inspections of the identified Group E occupancies, buildings, structures and/or facilities in the City of Lake Elsinore.

Section 3. Residential Group R occupancies, for the purposes of this Resolution, are generally those occupancies containing sleeping units, and include hotels, motels, apartments (three units or more), etc. as well as other residential occupancies (including a number of residential care facilities). These residential care facilities have a number of different sub- classifications, and they may contain residents or clients that have a range of needs, including those related to custodial care, mobility impairments, cognitive disabilities, etc. The residents may also be non-ambulatory or bedridden. The Riverside County Fire Department completed 100% of the annual inspections of the identified Group R occupancies, buildings, structures and/or facilities in the City of Lake Elsinore.

CC Reso. No. 2025-

Page 2 of 2 ends

2 3
9 3
7 7
Section 4. This Resolution shall take effect immediately upon its adoption.

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

Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this 23th of September 2025.

Brian Tisdale,
Mayor
Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk, of the City of Lake Elsinore, California, hereby certify that Resolution No. 2025- was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of September 23, 2025, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

12)
Notice of Completion for Replacement of Flooring at the Neighborhood Center (CIP Project No. Z20005)
Accept the improvements and authorize the City Clerk to file the Notice of Completion with the County Recorder for the Replacement of Flooring at the Neighborhood Center (CIP Project No. Z20005) completed by Shaw Integrated & Turf Solutions, Inc.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Rick De Santiago, Public Works Manager
Date:September 23, 2025
Subject:Notice of Completion for Replacement of Flooring at the Neighborhood Center (CIP Project No. Z20005)
Recommendation
Accept the improvements and authorize the City Clerk to file the Notice of Completion with the County Recorder for the Replacement of Flooring at the Neighborhood Center (CIP Project No.

Z20005) completed by Shaw Integrated & Turf Solutions, Inc.

Background
The City Council approved a contract with Shaw Integrated & Turf Solutions, Inc., for the work specified in the above reference. All of the work has been completed per the plans for this project.

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

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

Fiscal Impact
There is no fiscal impact.

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

A R L COPY LONG REFUND NCHG EXAM

RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:

Name City of Lake Elsinore

Street 130 S. Main Street
Address

City & State Lake Elsinore CA 92530

SPACE ABOVE THIS LINE FOR RECORDER’S USE ONLY

NOTICE OF COMPLETION

Notice is hereby given that:

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

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

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

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

Replacement of Flooring at the Neighborhood Center
(If other than fee, strike “in Fee” and insert, for example, “purchaser under contract of purchase,” or “lessee”)

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

NAMES ADDRESSES
None

6. A work of improvement on the property hereinafter described was completed on August 29, 2025 . The work done was:

Replacement of Flooring at the Neighborhood Center. The name of the contractor, if any, for such work of improvement was:

Shaw Integrated & Turf Solutions PO Box 7485552 Atlanta, GA 30384 April 22, 2025 (If no contractor for work of improvement, insert “none”) (Date of Contract)

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

9. The street address of said property is 117 S. Langstaff St. , Lake Elsinore, CA 92530 (If no street address has been officially assigned, insert “none”)

Dated:

City Clerk: Candice Alvarez, MMC

VERIFICATION

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

Executed on September 23, , 20 25 , at City of Lake Elsinore , California. (Date of signature) (City where signed)

(Per sona l si gnatur e o f t h e i n d i v i d u a l w h o i s s w e a r i n g t h a t t h e c o n t e n t s o f t h e n o t i c e o f c o m p l e t i o n a r e t r u e)

13)
Minutes of the Regular Successor Agency Meeting of September 9, 2025 Approve the Minutes.

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Candice Alvarez, MMC, Secretary
Date:September 23, 2025
Subject:Minutes of the Regular Successor Agency Meeting of September 9, 2025 Recommendation
Approve the Minutes.