Agenda packet — Lake Elsinore City Council, October 28, 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:

October 28, 2025

Closed Session: NONE
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) 6743124 Ext. 269, at least 48 hours before the meeting , to make reasonable arrangements to ensure accessibility

City Council Agenda - Final October 28, 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 four 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 October 28, 2025

City of Lake Elsinore Page 3

CALL TO ORDER - 7:00 P.M.

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

PLEDGE OF ALLEGIANCE

ROLL CALL

PRESENTATIONS/CEREMONIALS

1) Business in Action Monthly Spotlight – Stadium Pizza

Recognize Stadium Pizza as the City of Lake Elsinore’s Business in Action Monthly Spotlight for October 2025.

2) Calfire 2025 Third Quarter Statistical Update

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

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

CITY COUNCIL CONSENT CALENDAR

3) Minutes of the Regular City Council Meeting of October 14, 2025

Approve the Minutes.

4) CC Investment Report for September 2025

Receive and file the Investment Report for September 2025.

5) State of California Homekey+ Grant for Homeless Housing

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

CALIFORNIA, AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE HOMEKEY PROGRAM.

6) Change Order No. 1 to Public Works’ Construction Agreement with Edmondson Construction Company for the Site Grading of the New City Library (CIP Project No. Z20036)

Approve and authorize the City Manager to execute Change Order No.1 to the Public Works Construction Agreement with Edmondson Construction Company in an amount not to exceed $230,000.00 for the site grading of the New City Library (CIP Project No.

Z20006) in such final form as approved by the City Attorney.

City Council Agenda - Final October 28, 2025

City of Lake Elsinore Page 4

7) Increase to the Purchase Order with Talimar Systems, Inc. for Additional City Hall Interior Furnishings and Workstations for the New City Hall Project (CIP Project No. Z20006)

Approve and authorize the City Manager to increase the Purchase Order with Talimar Systems, Inc. for additional City Hall interior furnishings and workstations by an amount not to exceed $299,610.93 for a total cost of $1,061,975.62 plus 10% contingency for uncertainties and adjustments.

8) Amendment No. 1 to the On-call Agreement with Talimar Systems, Inc. for Minor Construction and Office Furniture Installation for the New City Hall Project (CIP Project No. Z20006)

Approve and authorize the City Manager to execute Amendment No.1 to the On- Call Services Agreement with Talimar Systems, Inc. in an amount not to exceed $194,597.50 for minor construction and office furniture installation in such final form approved by the City Attorney , and authorize the City Manager to execute change orders not exceeding a 10% contingency of $19,459.75 for uncertainties and adjustments.

9) Second Reading of an Ordinance Amend Blazed Utopia's Development Agreement to Revise the Community Benefit Fee

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- 2025-09) FOR BLAZED UTOPIA LOCATED AT 233 WEST MINTHORN STREET (APN: 377-220-024).

10) Agreement with Imperial Catfish for Catfish Stocking

Approve and authorize the City Manager to execute a Contractor Service Agreement with Imperial Catfish for catfish stocking in an amount not to exceed $30,000.00 per year for three years, with two one- year extension options in such final form as approved by the City Attorney.

11) HSIP Cycle 12 Railroad Canyon Road Safety Improvement Supplement Agreement No. F012 for Federal Aid Project HSIPL- 5074(023) to the Administering Agency-state Master Agreement 08-5074F15

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

ELSINORE, CALIFORNIA, APPROVING AND AUTHORIZING EXECUTION OF THE FEDERAL AID PROGRAM SUPPLEMENT AGREEMENT NO. F012 TO THE ADMINISTERING AGENCY -STATE MASTER AGREEMENT NO. 08 -5074F15

WITH THE STATE OF CALIFORNIA DEPARTMENT OF TRANSPORTATION FOR THE CITY PROJECT HSIP CYCLE 12 RAILROAD CANYON ROAD SAFETY IMPROVEMENT PROJECT; and,

2. Authorize the City Manager to sign HSIPL- 5074(023) Railroad Canyon Road Safety Improvement Program Supplement No. F012 to the Administering Agency - State Master Agreement No. 08 -5074F15 and all subsequent HSIPL- 5074(023) Railroad Canyon Road Safety Improvement project -specific Program Supplement Agreements; and

3. Authorize City Clerk to return the signed agreement, in duplicate, to the California Department of Transportation Office of Local Programs for execution.

City Council Agenda - Final October 28, 2025

City of Lake Elsinore Page 5

12) Parcel Map No. 38341, Fairway Business Park Phase III

1. Approve Parcel Map No. 38341, subject to the City Engineer’s acceptance as being true and correct

2. Authorize the City Clerk to sign the map and arrange for its recordation; and

3. Authorize the City Manager to execute the Construction Agreement for Street Improvements and Monumentation.

13) Amendment No. 1 to the Professional Services Agreement with HELIX Environmental Planning, Inc. for Environmental Services for the Murrieta Creek Multi-Use Trail Project

Approve and authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with HELIX Environmental Planning, Inc. in the amount of $639,600 plus 10% contingency for additional services to complete revegetation, rehabilitation, and monitoring of habitat for the Murrieta Creek Multi -use Trail Project for a total contract amount not to exceed $970,700, in such final form as approved by the City Attorney.

14) Drainage Fee Credit Agreement with Tri Pointe Homes IE -SD, Inc. for the Storm Drain Improvements in Canyon Hills Estates

Approve and authorize the City Manager to execute a Storm Drain Credit Agreement with Tri Pointe Homes IE-SD, Inc. for the storm drain improvements project in Canyon Hills Estates, in such final form as approved by the City Attorney.

15) Agreement with Cotter Construction, Inc. for the Summerhill Drive Median Street Improvement Plan (CIP Project No. Z10067)

Approve and authorize the City Manager to execute a Public Works Construction Agreement with Cotter Construction, Inc. for $199,825.40 for the Summerhill Drive Median Street Improvement Plan in such final form as approved by the City Attorney, authorize the City Manager to execute change orders not to exceed a 10% contingency of $19,982.00, and authorize the City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted.

16) Purchase Order with Cochrane USA, Inc. for a ClearVu Invisible Wall Fencing System at Launch Pointe (CIP Project No. Z20005)

Approve and authorize the City Manager to execute a Purchase Order with Cochrane USA, Inc. in the amount not to exceed $129,709.33 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 $12,970.00 for unanticipated costs.

City Council Agenda - Final October 28, 2025

City of Lake Elsinore Page 6

17) Construction Agreement with Veirs Kluk Roofing, Inc. for Roofing Services at the Cultural Center, Chamber of Commerce, and Tank House Buildings (CIP Project No. Z20005)

Approve and authorize the City Manager to execute a Construction Agreement with Veirs Kluk Roofing, Inc. for roofing services at the Cultural Center, the Chamber of Commerce building, and the Tank House for $130,250.00 in such final form as approved by the City Attorney, authorize the City Manager to execute change orders not to exceed a 10% contingency of $13,025.00, and authorize the City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted.

SUCCESSOR AGENCY CONSENT CALENDAR

18) Minutes of the Regular Successor Agency Meeting of October 14, 2025

Approve the Minutes.

19) SA Investment Report for September 2025

Receive and file the Investment Report for September 2025.

PUBLIC HEARING

20) Adoption of 2025 California Codes

Open the Public Hearing, receive testimony, if any, and continue consideration of this item off-calendar.

BUSINESS ITEM

21) City Council Vacancy

Consider the applications received from six applicants to fill the District 4 Council Member vacancy, receive public comment, and nominate and vote to appoint one of the candidates to fill the District 4 Council Member vacancy in accordance with the established selection procedure.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES

CITY MANAGER COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

City Council Agenda - Final October 28, 2025

City of Lake Elsinore Page 7

ADJOURNMENT

The Lake Elsinore City Council will adjourn to the next Regular meeting on Tuesday, November 18, 2025, in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

AFFIDAVIT OF POSTING

I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby affirm that a copy of the foregoing agenda was posted at City Hall at 5:00 p.m. on Thursday, October 23, 2025.

_________________________
Candice Alvarez, MMC
City Clerk

1)
Business in Action Monthly Spotlight – Stadium Pizza
Recognize

Stadium

Pizza

the

City

Lake

Elsinore’s

Business

Action

Monthly
Spotlight for October 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:October 28, 2025
Subject:Business in Action Monthly Spotlight – Stadium Pizza Recommendation
Recognize Stadium Pizza as the City of Lake Elsinore’s Business in Action Monthly Spotlight for October 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 October 2025, the City is proud to recognize Stadium Pizza for its dedication to exceptional customer service, local youth, and supporting sports, education, and charitable causes, and its active engagement in supporting local events and initiatives.

Discussion
The City of Lake Elsinore’s Business in Action Monthly Spotlight Program recognizes exemplary local businesses that contribute to the economic vitality, community engagement, and overall quality of life in the City. For over three decades, Stadium Pizza has been a beloved community institution known for its family-friendly atmosphere, exceptional customer service, commitment to local youth, and deep-rooted dedication to supporting sports, education, and charitable causes.

Founded in 1988 in North Temecula, Stadium Pizza expanded to Wildomar in 1990. Rick and Sandy Kordick purchased Stadium Pizza (then known as Home Run Pizza) in 2004 and have since expanded the business, introducing its now popular Locker Room Brewery in 2012. In 2017, Stadium Pizza proudly extended its legacy to the City of Lake Elsinore, opening the community’s first brew pub and quickly becoming a staple for residents, sports teams, and visitors for Stadium Pizza’s sportsmanship, family-friendly dining, on-site craft brewery, and community involvement.

With 30 taps, including 15 of their own craft beers, Stadium Pizza has helped support local October Monthly Spotlight

Page 2 of 2 ends

tourism, economic development, and community cohesion through its unique blend of food, sports culture, and hospitality.

Stadium Pizza is more than a restaurant. It is a hub of community pride, sportsmanship, and public service. The business has become a pillar in the region by consistently giving back and fostering strong partnerships with local organizations, schools, and nonprofits. Stadium Pizza donates annually to youth sports leagues, adult recreational teams, school fundraising programs, and community charities in Lake Elsinore.

Stadium Pizza actively supports the City’s Lake Elsinore Valley Chamber of Commerce, Cops for Kids, Michelle’s Place Cancer Resource Center, and numerous local nonprofits. In addition, the restaurant provides “star student” pizza certificates to elementary, middle, and high schools as positive reinforcement for academic excellence and good behavior, advocating for educational excellence programming in the Lake Elsinore School District. Stadium Pizza also partners with Lake Elsinore high schools and adult day programs to provide employment training for students and adults with intellectual and developmental disabilities, fostering inclusion and real-world skill building.

The owners, Rick and Sandy Kordick, credit the business's success and longevity to their dedicated team members, emphasizing that “teaching Stadium skills is teaching life skills.” This philosophy has resulted in a positive workplace culture that directly translates into a welcoming guest experience, community loyalty, and local economic impact.

By recognizing Stadium Pizza as the Business in Action Monthly Spotlight for October 2025, the City celebrates its longstanding commitment to community engagement, civic pride, economic development, youth enrichment, and the values that reflect the spirit of Lake Elsinore.

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

Attachments
None.

Economic Development
2)
Calfire 2025 Third Quarter Statistical Update

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Candice Alvarez, MMC, City Clerk
Date:October 28, 2025
Subject:Calfire 2025 Third Quarter Statistical Update
RSO
3)
Minutes of the Regular City Council Meeting of October 14, 2025 Approve the Minutes.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Candice Alvarez, MMC, City Clerk
Date:October 28, 2025
Subject:Minutes of the Regular City Council Meeting of October 14, 2025 Recommendation
Approve the Minutes.

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:

October 14, 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 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) Riverside County Sheriff's Office 2025 Third Quarter Statistical Update

Lieutenant Clark presented the update.

2) 2025 Helen Putnam Award

Recognition of the City’s Receipt of the 2025 Helen Putnam Award for Excellence in Planning & Environmental Quality for the City’s Lake Management Plan

Jesse Ramirez, Cal Cities Riverside County Division Manager, presented the Award to Mayor Tisdale, City Manager Simpson, Assistant Director of Lake & Community Operations Gufarotti, and Management Analyst MacLean.

City Council Minutes - Draft October 14, 2025

City of Lake Elsinore Page 2

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 Council Member Sheridan to approve the City Council Consent Calendar with Agenda Item No. 9 being removed from the agenda. The motion carried by the following vote:

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

3) Minutes of the Regular City Council Meeting of September 23, 2025

Approve the Minutes.

This item was approved on the City Council Consent Calendar.

4) CC Warrant Report Dated September 15, 2025 to September 21, 2025

Receive and file.

This item was approved on the City Council Consent Calendar.

5) CC Warrant Report Dated September 22, 2025 to September 28, 2025

Receive and file.

This item was approved on the City Council Consent Calendar.

6) CC Warrant Report Dated September 29, 2025 to October 05, 2025

Receive and file.

This item was approved on the City Council Consent Calendar.

7) Annexation No. 27 Into Community Facilities District No. 2015 -2 (Maintenance Services) for APN No. 377-200-045 (Ortega Bess)

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

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

THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 27) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft October 14, 2025

City of Lake Elsinore Page 3

8) Approval of Community Development Block Grant (CDBG) Supplemental Agreement 2025-2026 Program Year

Approve and authorize the Mayor to execute the Supplemental Agreement between the County of Riverside and the City of Lake Elsinore for the use of 2025- 2026 Community Development Grant Funds.

This item was approved on the City Council Consent Calendar.

9) Agreement with Caliba, Inc. for the Bid Set ‘A’ Concrete, Framing, Roofing, Exterior Doors, Windows, and Cement Plaster/Brick, Bid Set ‘A’, on the City Library Project (CIP Project No. Z20003)

Approve and authorize the City Manager to execute a Public Works Construction Agreement with Caliba, Inc. in an amount not to exceed $4,831,134.59 for concrete, framing, roofing, exterior doors, widows, and cement plaster/brick, Bid Set ‘A’, on the new City Library Project in such final form as approved by the City Attorney, authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $483,113.00, and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was removed from the Agenda.

10) Agreement with Edmondson Construction Co. for the Site Grading of the Senior Housing Project (CIP Project No. Z20026)

Approve and authorize the City Manager to execute a Public Works Agreement with Edmondson Construction Co., in an amount not to exceed $119,500.00, for the site grading of the Senior Housing Project (CIP Project No. Z20026) in such final form as approved by the City Attorney, authorize the City Manager to execute change orders not exceeding a $11,950.00 contingency for construction uncertainties and adjustments, and authorize the City Clerk to record the Notice of Completion once it is determined the work is complete.

This item was approved on the City Council Consent Calendar.

11) Change Order No. 1 to Public Works’ Construction Agreement for GMS Elevator Services for the Purchase and Construction of the Elevator for the City Hall (Project Number Z20006)

Approve and authorize the City Manager to execute Change Order No.1 to the agreement with GMS Elevator Services in an amount not to exceed $75,000.00 for the purchase and construction of the elevator for the New City Hall Project (CIP No.

Z20006) in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft October 14, 2025

City of Lake Elsinore Page 4

12) Amendment No. 1 to the Professional Services Agreement with STK Architecture, Inc. for Additional Design Services on the City Hall Project (CIP Project No. Z20006)

Approve and authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with STK Architecture, Inc. in an amount not to exceed $50,000.00 for additional design services related to the New City Hall Project in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

13) Notice of Decision – Planning Commission Approval of Planning Application No. 2019-31 (Blazed Utopia) for a Minor Industrial Design Review with a Variance to Legalize an Unpermitted Storage Shed, Construct an Attached Patio and Fire Riser Room, and Reduce the Rear Yard Setback for an Existing Cannabis Business Located at 233 West Minthorn Street

Receive and file the Notice of Decision for Planning Application No. 2019-31 approved by the Planning Commission on September 16, 2025.

This item was approved on the City Council Consent Calendar.

14) Notice of Decision – Planning Commission Approval of Planning Application No. 2025-08 (Sunnyslope Variance) for a Variance to Reduce the 12 -Foot Required Side Yard Setback for a New Proposed Single-Family Home in the R-H Zone

Receive and File the Notice of Decision for Planning Application No. 2025 -08 approved by the Planning Commission on September 16, 2025.

This item was approved on the City Council Consent Calendar.

15) Agreement with Hunsaker & Associates Irvine, Inc. for Camino Del Norte Ultimate Street Improvements

Approve and authorize the City Manager to execute a Professional Services Agreement with Hunsaker & Associates Irvine, Inc., in an amount not to exceed $581,700 for professional services in such final form as approved by the City Attorney, and authorize the City Manager to execute change orders not exceeding a 15% contingency of $87,255.

This item was approved on the City Council Consent Calendar.

16) Agreement with Great Western Installations, Inc. for Citywide Park Roll Coats and Surfacing

Approve and authorize the City Manager to execute a Contractor Services Agreement with Great Western
Installations, Inc., in an amount not to exceed $100,730.00 for Citywide Park Roll Coats and Surfacing 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 $10,073.00, and authorize City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft October 14, 2025

City of Lake Elsinore Page 5

17) Annual On -Call Services Agreement with KYA Services in Support of City of Lake Elsinore Public Works Operations

Approve and authorize the City Manager to execute an Agreement with KYA Services, LLC in an amount not to exceed $200,000 to support City of Lake Elsinore Public Works Operations in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

SUCCESSOR AGENCY CONSENT CALENDAR

A motion was made by Mayor Pro Tem Magee, seconded by Council 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

18) Minutes of the Regular Successor Agency Meeting of September 23, 2025

Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

19) SA Warrant Report Dated September 15, 2025 to September 21, 2025

Receive and file.

This item was approved on the Successor Agency Consent Calendar.

20) SA Warrant Report Dated September 22, 2025 to September 28, 2025

Receive and file.

This item was approved on the Successor Agency Consent Calendar.

21) SA Warrant Report Dated September 29, 2025 to October 05, 2025

Receive and file.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARING

22) Request to Amend Blazed Utopia's Development Agreement to Revise the Community Benefit Fee

1. Find that the proposed project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301 (Existing Facilities); and

2. Introduce 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- 2025-09) FOR BLAZED UTOPIA LOCATED AT 233 WEST MINTHORN STREET(APN: 377-220-024).

City Council Minutes - Draft October 14, 2025

City of Lake Elsinore Page 6

The Public Hearing was opened at 7:14 p.m.

Principal Planner Huynh presented the staff report.

There were no speakers.

The Public Hearing was closed at 7:18 p.m.

A motion was made by Council Member Manos, seconded by Council Member Sheridan to f ind that the proposed project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301 (Existing Facilities) and introduce by title only and waive further reading of the Ordinance. The motion carried by the following vote:

Aye: 4 Council Member Manos, Mayor Tisdale, Mayor Pro Tem Magee, Council Member Sheridan
Nay: 0 None

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES

There were no speakers.

CITY ATTORNEY COMMENTS

Assistant City Attorney Mann had no comments.

CITY MANAGER'S COMMENTS

City Manager Simpson thanked the City Council for their support of the Lake Management Plan and staff for their work on it.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

Council Member Sheridan shared that he attended the Riverside Transit Agency Administration and Operations Committee meeting on October 1, 2025 and noted he will report out from that meeting at the next Council meeting; thanked staff for their work on the Lake Management Plan; noted that he attended the Student of the Month event; shared photos from the Ruth Atkins Speaker Series event that was held on September 24, 2025; invited the community to attend a Firewise Community Introductory meeting at 7:00 p.m. on October 16, 2025 in the Tuscany Hills Clubhouse; invited the community to attend the Tuscany Hills Social Committee’s Trunk or Treat event from 6:00 to 9:00 p.m. on October 17, 2025 at the Tuscany Hills Club House; and invited players to participate in the Thunder Cares 2
nd Annual Golf Tournament at 7:00 a.m. on
Monday, November 10, 2025 at Glen Ivy Golf Club.

Council Member Manos reported on his attendance at the Riverside County Airport Land Use Commission on October 9, 2025 and the Cal Cities Annual Conference from October 8- 10, 2025; and invited the community to attend the Oktoberfest event from 1:00 p.m. to 9:30 p.m. on October 18, 2025 at Launch Pointe.

Mayor Pro Tem Magee congratulated staff on winning the Helen Putnam Award; and reported on his attendance at the Regional Conservation Agency meeting on October 6, 2025.

City Council Minutes - Draft October 14, 2025

City of Lake Elsinore Page 7

Mayor Tisdale reminded residents to dump any standing water; thanked staff for their work and for always being prepared to present their items at Council meetings; and invited the community to attend the State of the City at 5:30 p.m. on October 23, 2025 at Pins N Pockets.

ADJOURNMENT

The Lake Elsinore City Council adjourned at 7:32 p.m. to the next Regular meeting of Tuesday, October 28, 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.

4)
CC Investment Report for September 2025
Receive and file the Investment Report for September 2025.

Page 1 of 1 ends

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

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1 - Investment Report September 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 2,028,158$ 93,735$ (7,498)$ 2,114,395$ Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 2,028,158 93,735 (7,498) 2,116,695

INVESTMENTS
Local Agency Investment Funds 60,435,255 - - 60,435,255 CAMP Investments:

CAMP Pool Account 1,187,494 - - 1,187,493.79
U.S. Treasury Bond / Note 25,055,183 - - 25,055,182.64
Municipal Bond / Note 285,000 - - 285,000.00
Federal Agency Commercial Mortgage-Backed Security 8,584,777 - - 8,584,777.05 Federal Agency Bond / Note 647,673 - - 647,673.00
Corporate Note 11,247,129 - - 11,247,128.90
Certificate of Deposit 900,000 - - 900,000.00
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 6,869,745 - - 6,869,744.57
Sub-total Investments 115,737,780 - - 115,737,780
Market Value Adjustment:

Unrealized Gain/(Loss) at 09/30/2025 944,293 - - 944,293 Total Investments 116,682,073 - - 116,682,073
Total Pooled Cash and Investments 118,710,231$ 93,735$ (7,498)$ 118,798,767$ TOTAL POOLED CASH AND INVESTMENTS 118,798,767$
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 October 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 SEPTEMBER 30, 2025

FUND NO FUND NAME AMOUNT
100 General 14,812,070$
102 Measure Z 9,777,179
106 Affordable Housing In Lieu 1,486,386
107 Developer Agreement Revenue 319,434
108 American Rescue Plan 240,356
109 Road Maintenance and Rehabilitation (SB1) 2,269,822 110 State Gas Tax 612,134
112 Measure A 1,631,258
114 SB1186 CASP Education Program 86,075
116 City Hall-Public Works DIF 735,165
117 Community Center DIF 684,420
118 Lake Side Facility DIF 963,524
119 Animal Shelter DIF 11,307
121 T.R.I.P.-2014A 2,580
135 Lighting & Landscape Maintenance - Dist. No. 1 2,135,260 140 Geothermal 12,976
155 CSA152 -- N.P.D.E.S. 2,000
202 La Strada RBBD 26,465
203 E.L.S.P. - S.T.I.F. 3,732,024
205 Traffic Impact Fee 945,135
211 Storm Drain C.I.P. 2,022,409
221 Quimby Park C.I.P. 43,865
231 Library C.I.P. 1,080,774
232 City Fire Protection 1,406,242
300 Insurance Service 326,462
305 Information Systems Service 2,887,203
310 Support Service 59,108
315 Fleet Service 143,262
320 Facilities Service 2,894,479
333 CFD 2015-3 Terracina 239,538
335 CFD 2003-2E Canyon Hills Improvement Area E 359
346 CFD 2014-1 Southshore 64,212
350 CFD 98-1 Summerhill 6,076
354 CFD 90-2 Tuscany Hills 536
357 CFD 2003-2 Canyon Hills Improvement Area 1,443
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 46,926
368 CFD 2006-2 Viscaya 5,489

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 SEPTEMBER 30, 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 SEPTEMBER 30, 2025
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 67,638 371 CFD 2005-1 Serenity 4,839
372 CFD 2005-2 Alberhill Ranch Improvement Area 25,832
379 CFD 2022-1 Alberhill 2,838
383 CFD 2025-2 Cambern Apartments 59
384 CFD 2003-2 Area B Canyon Hills Improvement Area 8,776 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 24,855 388 CFD 2007-6 Holiday Inn Express 22
389 CFD 88-3 (2008A) West Lake Elsinore Series A 2,000
390 CFD 2003-2 Area C Canyon Hills Improvement Area 3,270 394 CFD 2005-5 (2012A) Wasson Canyon 1,008
396 CFD 2018-2 Nichols Ranch Improvement Area 44,454
500 Capital Improvement Plan 14,563,729
603 Endowment Trust - Carl Graves 70,140
604 Endowment Trust - Korn Memorial 37,288
605 Public Improvement Trust 3,042,001
606 Mobile Source Air Polution Reduction 245,552
608 Trust Deposit & Pre Paid Expense 1,834,409
617 Successor Agency Housing 41,836,571
620 Cost Recovery System 4,444,357
631 Lake Destratification Equipment Replacement 348,990 Total Pooled Cash & Investments 118,798,767$

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 1.03% 1,187,494$ U.S. Treasury Bond / Note Unlimited 21.65% 25,055,183$
Supra-National Agency Bond / Note 30% 0.00% -$
Municipal Bond / Note Unlimited 0.25% 285,000$
Federal Agency Collaterized Mortgage Obligation 40% 7.42% 8,584,777$ Federal Agency Bond / Note Unlimited 0.56% (1) 647,673$ Banker's Acceptance 40.00% 0.00% -$
Corporate Note (Includes Bank Note) 30% 10.17% 11,772,654$ Commercial Paper 25% 0.00% -$
Negotiable Certificates of Deposit 30% 0.78% 900,000$
Asset-Backed Security / Collaterized Mortgage 20% 5.94% 6,869,745$ Repurchase Agreements Unlimited 0 -$
Reverse Repurchase Agreements 10.00% 0.00% -$
LAIF (Local Agency Investment Funds) $150 Million 52.22% (2) 60,435,255$ Placement Service Deposits (PDS) 30% 0.00% -$
TOTAL 100.00% 115,737,780$
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 SEPTEMBER 30, 2025
Loc
al Agency Investment Fund

September 4.212
August 4.251
July 4.258
June 4.269
May 4.272
April 4.281
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

52.26%
Agencies

28.46%
Certificates of
Deposit/Bank Notes

9.16%
Time
Deposits

3.18%
Commercial
Paper

6.17%
Corporate
Bonds

0.61%
Loans

0.16%
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 10/08/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 6/30/25
Chart does not include $1,012,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
8/31/25
$165.3 billion

Yield Purchase Date Maturity Rate

4.212% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: 63,135,255$ (2,700,000)$ 60,435,255$ 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 SEPTEMBER 30, 2025
CAMP
Investment Portfolio

CITY OF LAKE ELSINORE

ACCOUNT STATEMENT
For the Month Ending
September 30, 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 10/13/2025 for Columbus Day.

CAMP will be closed on 11/11/2025 for Veterans Day.

For the Month Ending September 30, 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 September 30, 2025Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
568,855.03
4,492,129.60
(3,873,490.84)

0.00 $1,187,493.79
CAMP Pool
Unsettled Trades 0.00
1,848.94 Cash Dividends and Income
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
55,586,420.23
3,841,652.34
(4,282,939.20)
(3,389.86)
$55,141,743.51
CAMP Managed Account
Unsettled Trades 0.00
190,142.98 Cash Dividends and Income
September 30, 2025 August 31, 2025
Asset Summary
CAMP Pool 1,187,493.79 568,855.03
CAMP Managed Account 55,141,743.51 55,586,420.23
$56,329,237.30 $56,155,275.26 Total
Asset Allocation

2.11%
CAMP Pool

97.89%
CAMP Managed
Account

Page 1 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
$568,855.03
4,492,129.60
(3,873,490.84)
$1,187,493.79
1,848.94
$55,586,420.23
(1,181,273.18)
(3,101,666.02)
3,841,652.34

0.00 (3,389.86)
$55,141,743.51
$56,155,275.26
$56,329,237.30
141,138.02
(23,076.77)
72,081.73
$190,142.98
1,075,000.00
3,103,364.92
139,439.12
106,273.18
(3,864,729.11)
(559,348.11)

0.00 Managed Account Total
54,556,073.45 55,743,567.24
366,707.08
3,103,364.92
1,181,273.18
139,439.12
(3,864,729.11)
(54,891,647.51)
(321,812.19)

0.00 366,707.08
6,976,855.76
1,181,273.18
139,439.12
(8,356,858.71)
(55,460,502.54)
(321,812.19)
1,848.94
Total Accrual Basis Earnings $268,668.94 $270,517.88
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 September 30, 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 26,200,000.00 25,549,839.13 45.35 Municipal Bond / Note 285,000.00 287,523.35 0.51
Federal Agency Commercial
Mortgage-Backed Security
8,718,261.96 8,806,088.75 15.63
Federal Agency Bond / Note 650,000.00 647,587.20 1.15 Corporate Note 11,410,000.00 11,488,842.72 20.40
Certificate of Deposit 900,000.00 900,726.30 1.60
Bank Note 525,000.00 532,761.08 0.95
Asset-Backed Security 6,866,929.11 6,928,374.98 12.30 Managed Account Sub-Total 55,555,191.07 55,141,743.51 97.89% Accrued Interest 366,707.08
Total Portfolio 55,555,191.07 55,508,450.59
CAMP Pool 1,187,493.79 1,187,493.79 2.11
Total Investments 56,742,684.86 56,695,944.38 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

12.30%
ABS

0.95%
Bank Note

1.60%
Cert of Deposit

19.88%
Corporate Note

1.15%
Fed Agy Bond /
Note

15.63%
Federal Agency
Commercial
Mortgage-Backed
Security

2.11%
Joint Powers
Authority

0.51%
Muni Bond / Note

0.51%
Priv Placement
Bond

45.36%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

5.43%

1.66%

10.28%

31.91%

43.82%

6.90%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1084

4.25%

3.87%

Page 3 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025
Managed Account Issuer Summary

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

4.80%
A

4.97%
A+

5.08%
A-

0.80%
A-1+

0.83%
AA

63.49%
AA+

3.57%
AA-

10.39%
AAA

2.11%
AAAm

0.72%
BBB+

3.24%
NR
Issuer Summary
Percentof HoldingsIssuer
Market Value
385,111.50 0.68 Adobe Inc
346,121.70 0.61 Air Products and Chemicals Inc
1,405,737.13 2.50 American Express Co
405,098.80 0.72 Analog Devices Inc
763,201.40 1.35 Apple Inc
605,916.81 1.08 BA Credit Card Trust
687,944.76 1.22 Bank of America Corp
463,820.88 0.82 Bank of New York Mellon Corp
170,927.23 0.30 Bayerische Motoren Werke AG
465,113.83 0.83 Berkshire Hathaway Inc
792,737.43 1.41 BlackRock Inc
375,031.13 0.67 Bristol-Myers Squibb Co
84,774.75 0.15 California State University
1,187,493.79 2.11 CAMP Pool
736,289.44 1.31 Capital One Financial Corp
42,148.89 0.07 CarMax Inc
219,058.88 0.39 Caterpillar Inc
296,969.40 0.53 Charles Schwab Corp
430,975.86 0.77 Cisco Systems Inc
1,342,401.70 2.38 Citigroup Inc
385,092.00 0.68 Deere & Co
672,587.69 1.19 Discover Card Execution Note Trust
8,279,927.04 14.71 Federal Home Loan Mortgage Corp
1,173,748.91 2.08 Federal National Mortgage Association 264,860.44 0.47 Fifth Third Auto Trust
68,250.45 0.12 Ford Credit Auto Owner Trust
165,245.36 0.29 GM Financial Consumer Automobile Receiv 73,489.90 0.13 Harley-Davidson Inc
384,024.00 0.68 Home Depot Inc
411,747.19 0.73 Honda Auto Receivables Owner Trust
402,098.80 0.71 Honda Motor Co Ltd
409,881.87 0.73 JPMorgan Chase & Co

Page 4 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Percentof HoldingsIssuer
Market Value
60,673.08 0.11 Lockheed Martin Corp
117,159.36 0.21 Mars Inc
557,323.80 0.99 Mercedes-Benz Auto Receivables Trust
745,553.25 1.32 Microsoft Corp
532,761.08 0.95 Morgan Stanley
499,919.00 0.89 National Australia Bank Ltd
344,902.25 0.61 National Rural Utilities Cooperative Fi 45,632.59 0.08 Nissan Auto Receivables Owner Trust
450,283.50 0.80 Nordea Bank Abp
407,184.40 0.72 PACCAR Inc
101,146.10 0.18 Porsche Innovative Lease Owner
202,748.60 0.36 State of California
205,322.60 0.36 State Street Corp
39,050.64 0.07 Target Corp
86,463.79 0.15 Texas Instruments Inc
450,442.80 0.80 Toronto-Dominion Bank
117,389.96 0.21 Toyota Auto Receivables Owner Trust
380,413.88 0.68 Toyota Motor Corp
25,549,839.13 45.37 United States Treasury
220,951.13 0.39 UnitedHealth Group Inc
418,447.40 0.74 Verizon Master Trust
407,616.80 0.72 Wells Fargo & Co
490,183.20 0.87 WF Card Issuance Trust
$56,329,237.30 Total 100.00%

Page 5 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Detail of Securities Held

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
73,587.90 73,663.07 566.58 70,441.41 01/17/2301/13/23Aa1AA+ 75,000.00 912828U24 3.72

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
211,122.00 206,372.90 710.77 198,641.60 07/03/2407/01/24Aa1AA+ 225,000.00 91282CCH2 4.49

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
1,196,358.00 1,197,511.78 4,027.68 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
1,219,816.00 1,209,301.20 4,106.66 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
2,251,968.00 2,258,837.40 7,581.52 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
2,721,128.00 2,666,774.75 9,161.01 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
1,203,796.80 1,185,745.27 11,372.28 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
1,379,350.50 1,349,871.64 13,030.74 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
1,479,666.90 1,449,413.04 13,978.43 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
2,608,226.40 2,572,238.63 24,639.95 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
591,023.40 589,683.99 4,927.99 589,054.69 07/03/2507/01/25Aa1AA+ 600,000.00 91282CEV9 3.75

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
886,535.10 880,751.10 7,391.98 878,414.06 04/04/2504/01/25Aa1AA+ 900,000.00 91282CEV9 3.87

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
886,535.10 877,365.03 7,391.98 875,566.41 06/05/2506/02/25Aa1AA+ 900,000.00 91282CEV9 3.98

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
911,161.08 903,079.22 7,597.32 902,236.33 08/05/2508/01/25Aa1AA+ 925,000.00 91282CEV9 3.94

Page 6 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Detail of Securities Held

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
1,477,558.50 1,478,910.69 12,319.97 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
2,610,353.35 2,575,552.52 21,765.29 2,565,117.19 03/06/2503/03/25Aa1AA+ 2,650,000.00 91282CEV9 4.06

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
3,841,652.10 3,842,671.45 32,031.93 3,841,652.34 09/05/2509/02/25Aa1AA+ 3,900,000.00 91282CEV9 3.67 182,602.08 25,549,839.13 25,317,743.68 3.96 25,055,182.64 26,200,000.00 Security Type Sub-Total Municipal Bond / Note

CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
84,774.75 85,000.00 305.29 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
202,748.60 200,000.00 807.67 200,000.00 03/15/2303/09/23Aa2AA- 200,000.00 13063D3N6 4.85 1,112.96 287,523.35 285,000.00 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
233,242.88 233,458.78 536.57 224,852.44 04/14/2304/11/23Aa1AA+ 234,564.89 3137BNGT5 4.32 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
543,518.80 543,813.77 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
360,388.40 360,333.50 1,015.29 352,807.40 05/24/2305/19/23Aa1AA+ 364,012.14 3137BTUM1 4.29 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
544,518.70 537,156.29 1,477.67 518,804.69 08/18/2308/16/23Aa1AA+ 550,000.00 3137BXQY1 4.94 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
544,171.10 540,694.49 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
388,230.49 381,873.62 1,545.96 381,871.52 12/14/2312/06/23Aa1AA+ 381,874.57 3137HBC69 4.86

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U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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 KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
435,431.87 431,738.78 1,718.70 431,734.01 07/27/2307/19/23Aa1AA+ 431,744.77 3137HAD45 4.78 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
560,338.35 553,045.35 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
526,161.71 520,138.42 1,833.72 516,267.43 07/31/2307/18/23Aa1AA+ 525,170.71 3136BQDE6 4.58 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
509,658.50 493,095.10 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
812,569.60 792,695.89 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
383,611.50 367,203.79 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
509,926.00 496,183.90 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
184,865.40 179,660.36 760.35 179,479.62 11/21/2311/14/23Aa1AA+ 180,000.00 3137HB3D4 5.14 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
281,257.08 274,481.00 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
294,246.18 291,992.81 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
449,638.64 442,130.56 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
548,510.91 535,894.87 2,144.92 535,893.26 06/13/2406/05/24Aa1AA+ 535,894.87 3137HDJJ0 4.80 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
503,386.79 498,663.57 1,873.99 499,630.23 08/15/2408/07/24Aa1AA+ 495,000.00 3137HDXL9 4.33 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
192,415.85 189,994.01 698.25 189,993.35 04/24/2504/15/25Aa1AA+ 190,000.00 3137HKXJ8 4.41

Page 8 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
31,056.42 8,806,088.75 8,664,248.86 4.72 8,584,777.05 8,718,261.96 Security Type Sub-Total Federal Agency Bond / Note

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
647,587.20 649,953.33 1,300.00 647,673.00 11/12/2011/09/20Aa1AA+ 650,000.00 3135G06G3 0.57 1,300.00 647,587.20 649,953.33 0.57 647,673.00 650,000.00 Security Type Sub-Total Corporate Note

UNITEDHEALTH GROUP INC (CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
220,951.13 224,951.17 977.50 224,608.50 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
170,927.23 174,990.91 297.74 174,947.50 08/16/2108/12/21A2A 175,000.00 05565EBW4 1.26

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
219,058.88 224,710.72 881.88 223,863.75 01/13/2201/11/22A2A 225,000.00 14913R2U0 1.81

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
39,050.64 39,982.38 164.67 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
463,820.88 474,721.42 1,758.16 473,945.50 01/28/2201/26/22Aa3A 475,000.00 06406RBA4 2.10

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
745,553.25 740,273.13 3,781.25 721,942.50 03/17/2303/14/23AaaAAA 750,000.00 594918BY9 4.36

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
294,136.80 292,129.97 573.75 277,203.00 01/18/2301/13/23A2A- 300,000.00 025816CS6 4.59

BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
465,113.83 472,403.02 485.56 466,089.00 03/17/2203/15/22Aa2AA 475,000.00 084664CZ2 2.70

CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
296,969.40 294,495.94 4,950.00 284,925.00 02/22/2302/17/23A2A- 300,000.00 808513BW4 4.66

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
499,919.00 495,510.18 6,074.44 488,325.00 01/18/2301/13/23Aa2AA- 500,000.00 63254ABE7 4.50

APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
763,201.40 760,745.95 1,186.18 741,062.75 01/23/2301/19/23AaaAA+ 775,000.00 037833DB3 3.94

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U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Detail of Securities Held

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
380,413.88 375,594.21 3,805.99 376,282.50 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
344,902.25 340,136.63 1,785.00 329,189.00 02/22/2302/17/23A1A- 350,000.00 637432NP6 4.76

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
86,463.79 86,004.03 499.61 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
375,031.13 366,909.71 1,665.63 358,263.75 03/13/2303/09/23A2A 375,000.00 110122DE5 4.93

LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
60,673.08 59,943.04 1,008.67 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
385,092.00 376,606.26 3,970.31 377,865.00 07/25/2307/21/23A1A 375,000.00 24422EXB0 4.78

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
786,679.50 747,638.33 241.79 746,280.00 10/04/2310/02/23Aa3A+ 750,000.00 17325FBB3 5.92

AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
346,121.70 339,685.64 2,302.56 339,547.80 02/08/2402/06/24A2A 340,000.00 009158BH8 4.63

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
430,975.86 419,897.11 1,980.42 419,853.00 02/26/2402/21/24A1AA- 420,000.00 17275RBR2 4.86

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
51,144.35 49,935.42 110.97 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
741,593.08 725,256.06 1,609.10 725,355.25 03/14/2403/06/24Aa3AA- 725,000.00 09290DAA9 4.69

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
174,583.88 169,837.21 4,012.00 169,775.60 04/04/2404/02/24A1A+ 170,000.00 00724PAF6 4.83

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
210,527.62 204,778.20 4,838.00 204,694.55 04/04/2404/01/24A1A+ 205,000.00 00724PAF6 4.83

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
112,094.62 110,076.11 2,399.41 110,088.00 04/23/2504/16/25A1BBB+ 110,000.00 95000U3T8 4.95

Page 10 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Detail of Securities Held

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
295,522.18 290,000.00 6,325.71 290,000.00 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
607,433.40 600,000.00 10,941.10 600,000.00 05/09/2505/06/25A1A- 600,000.00 06051GMT3 4.62

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
128,008.00 124,380.17 1,583.33 124,193.75 06/25/2406/17/24A2A 125,000.00 437076DC3 4.90

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
256,016.00 248,945.40 3,166.67 248,627.50 06/25/2406/18/24A2A 250,000.00 437076DC3 4.88

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
402,098.80 399,614.59 1,271.11 399,520.00 09/05/2409/03/24A3A- 400,000.00 02665WFQ9 4.43

MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
117,159.36 114,888.23 460.00 114,875.80 03/12/2503/05/25A2A 115,000.00 571676AY1 4.83

STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
205,322.60 200,000.00 4,216.32 200,000.00 04/24/2504/22/25Aa3A 200,000.00 857477DB6 4.83

PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
407,184.40 399,425.07 7,229.44 399,380.00 05/08/2505/05/25A1A+ 400,000.00 69371RT71 4.59

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
405,098.80 399,667.73 5,250.00 399,648.00 06/16/2506/12/25A2A- 400,000.00 032654BE4 4.52 91,804.27 11,488,842.72 11,344,133.94 4.33 11,247,128.90 11,410,000.00 Security Type Sub-Total Certificate of Deposit

TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
450,442.80 450,000.00 23,870.00 450,000.00 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
450,283.50 450,000.00 10,230.50 450,000.00 11/03/2211/02/22P-1A-1+ 450,000.00 65558UYF3 5.53 34,100.50 900,726.30 900,000.00 5.57 900,000.00 900,000.00 Security Type Sub-Total Bank Note

Page 11 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Detail of Securities Held

MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
532,761.08 525,323.56 5,578.65 525,525.00 07/19/2407/18/24Aa3A+ 525,000.00 61690U8E3 4.94 5,578.65 532,761.08 525,323.56 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
42,148.89 42,173.40 74.41 42,172.73 07/20/2207/12/22NRAAA 42,173.73 14318MAD1 3.97 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
45,632.59 45,585.38 90.37 45,579.26 09/28/2209/20/22AaaAAA 45,588.69 65480JAC4 4.46 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
74,559.65 74,421.19 149.47 74,413.71 10/12/2210/04/22NRAAA 74,425.91 36265QAD8 4.82 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
117,389.96 117,143.24 241.05 117,143.20 01/30/2301/24/23NRAAA 117,143.26 891940AC2 4.63 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
245,083.06 244,984.17 539.00 244,961.56 11/03/2210/27/22NRAAA 245,000.00 14041NGB1 4.95 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
73,489.90 73,242.90 164.40 73,238.91 02/23/2302/13/23AaaNR 73,246.28 41285JAD0 5.05 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
68,250.45 68,063.35 140.67 68,059.71 03/31/2303/28/23NRAAA 68,066.81 344928AD8 4.65 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
221,071.95 219,417.29 428.70 219,396.04 08/22/2308/15/23NRAAA 219,441.28 43815QAC1 5.42 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
320,349.44 319,990.75 612.98 319,981.44 04/11/2304/04/23AaaNR 320,000.00 254683CY9 4.31 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
170,847.28 169,979.46 361.91 169,961.51 06/16/2306/08/23NRAAA 170,000.00 05522RDG0 4.79 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
191,032.46 189,991.02 411.24 189,983.15 06/14/2306/07/23NRAAA 190,000.00 02582JJZ4 4.87 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
491,206.38 489,940.78 962.58 489,887.64 05/24/2305/17/23NRAAA 490,000.00 14041NGD7 4.42

Page 12 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
352,238.25 349,974.23 766.89 349,952.72 06/28/2306/21/23AaaAAA 350,000.00 254683CZ6 4.93 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
75,279.06 74,390.72 117.18 74,385.67 11/08/2311/01/23AaaNR 74,398.77 438123AC5 5.67 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
264,860.44 262,434.99 645.03 262,428.11 08/23/2308/15/23AaaAAA 262,444.38 31680EAD3 5.53 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
409,881.87 404,930.20 928.80 404,887.73 09/15/2309/07/23NRAAA 405,000.00 161571HT4 5.17 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
415,338.20 409,988.80 953.02 409,981.67 09/19/2309/12/23NRAAA 410,000.00 02582JKD1 5.23 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
101,146.10 99,990.62 140.86 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
182,208.78 179,984.42 398.40 179,975.83 12/14/2312/07/23AaaNR 180,000.00 05522RDH8 4.98 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
505,229.67 494,898.53 1,150.60 494,898.53 04/23/2404/16/24NRAAA 495,000.00 02582JKH2 5.23 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
115,396.18 114,988.47 212.11 114,987.15 05/08/2504/29/25AaaNR 115,000.00 437921AD1 4.15 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
80,511.36 79,995.16 106.33 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
557,323.80 553,336.38 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
418,447.40 414,984.91 571.89 414,982.16 03/31/2503/25/25AaaNR 415,000.00 92348KDY6 4.51 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
90,685.71 89,987.76 160.50 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
252,860.75 250,000.00 478.89 249,999.05 06/12/2506/05/25NRAAA 250,000.00 05522RDK1 4.31

Page 13 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
490,183.20 484,993.92 935.51 484,991.95 06/10/2506/03/25NRAAA 485,000.00 92970QAJ4 4.34 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
555,722.20 549,858.04 6,240.97 549,850.79 06/26/2506/18/25AaaAAA 550,000.00 17305EHA6 4.31 19,152.20 6,928,374.98 6,869,670.08 4.75 6,869,744.57 6,866,929.11 Security Type Sub-Total 55,555,191.07 54,115,031.16 4.25 366,707.08 54,556,073.45 55,141,743.51 Managed Account Sub-Total Joint Powers Authority
CAMP Pool 1,187,493.79 1,187,493.79 0.00 1,187,493.79 NRAAAm 1,187,493.79 1,187,493.79 1,187,493.79 0.00 1,187,493.79 1,187,493.79 Liquid Sub-Total $56,742,684.86 $55,302,524.95 $366,707.08 $55,743,567.24 $56,329,237.30 4.25% $56,695,944.38
$366,707.08
Total Investments
Accrued Interest
Securities Sub-Total

Page 14 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
(75.17) 3,146.49 73,587.90 98.12 JPMorgan 75,000.00 912828U24US TREASURY N/B DTD 11/15/2016 2.000% 11/15/2026

3.73 1.09
4,749.10 12,480.40 211,122.00 93.83 BMO 225,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.64 2.65
(1,153.78) 26,993.74 1,196,358.00 93.83 MorganSt 1,275,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.64 2.65
10,514.80 45,855.06 1,219,816.00 93.83 BMO 1,300,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.64 2.65
(6,869.40) 40,499.25 2,251,968.00 93.83 BMO 2,400,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.64 2.65
54,353.25 155,874.09 2,721,128.00 93.83 BMO 2,900,000.00 91282CCH2US TREASURY N/B DTD 06/30/2021 1.250% 06/30/2028

3.64 2.65
18,051.53 21,703.05 1,203,796.80 100.32 Citigrou 1,200,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.66 3.01
29,478.86 34,697.18 1,379,350.50 100.32 MorganSt 1,375,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.66 3.01
30,253.86 34,973.54 1,479,666.90 100.32 JPMorgan 1,475,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.66 3.01
35,987.77 42,452.96 2,608,226.40 100.32 MorganSt 2,600,000.00 91282CJR3US TREASURY N/B DTD 01/02/2024 3.750% 12/31/2028

3.66 3.01
1,339.41 1,968.71 591,023.40 98.50 Citigrou 600,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.69 3.46
5,784.00 8,121.04 886,535.10 98.50 BMO 900,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.69 3.46
9,170.07 10,968.69 886,535.10 98.50 BMO 900,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.69 3.46
8,081.86 8,924.75 911,161.08 98.50 Citigrou 925,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.69 3.46
(1,352.19) 761.62 1,477,558.50 98.50 Citigrou 1,500,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.69 3.46
34,800.83 45,236.16 2,610,353.35 98.50 MorganSt 2,650,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.69 3.46
(1,019.35)(0.24) 3,841,652.10 98.50 RBC Capi 3,900,000.00 91282CEV9US TREASURY N/B DTD 06/30/2022 3.250% 06/30/2029

3.69 3.46

Page 15 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
494,656.49 3.67 232,095.45 25,549,839.13 26,200,000.00 Security Type Sub-Total 3.10 Municipal Bond / Note
(225.25)(225.25) 84,774.75 99.74 JPMorgan 85,000.00 13077DQD7CALIFORNIA ST UNIV-B DTD 07/29/2021 0.862% 11/01/2025

4.08 0.09
2,748.60 2,748.60 202,748.60 101.37 WellsFar 200,000.00 13063D3N6CA ST DTD 03/15/2023 4.846% 03/01/2027

3.87 1.35
2,523.35 3.93 2,523.35 287,523.35 285,000.00 Security Type Sub-Total 0.98 Federal Agency Commercial Mortgage-Backed Security
(215.90) 8,390.44 233,242.88 99.44 RobertBa 234,564.89 3137BNGT5FHMS K054 A2 DTD 04/01/2016 2.745% 01/01/2026

4.17 0.28
(294.97) 16,678.96 543,518.80 98.82 BREAN 550,000.00 3137BSP72FHMS K058 A2 DTD 11/01/2016 2.653% 08/01/2026

3.87 0.84

54.90 7,581.00 360,388.40 99.00 Citigrou 364,012.14 3137BTUM1FHMS K061 A2 DTD 01/01/2017 3.347% 11/01/2026

4.15 1.03
7,362.41 25,714.01 544,518.70 99.00 MorganSt 550,000.00 3137BXQY1FHMS K064 A2 DTD 05/01/2017 3.224% 03/01/2027

3.89 1.27
3,476.61 17,137.90 544,171.10 98.94 Citigrou 550,000.00 3137F1G44FHMS K065 A2 DTD 07/01/2017 3.243% 04/01/2027

3.89 1.42
6,356.87 6,358.97 388,230.49 101.66 JPMorgan 381,874.57 3137HBC69FHMS KJ48 A1 DTD 12/01/2023 4.858% 05/01/2028

4.01 2.18
3,693.09 3,697.86 435,431.87 100.85 JPMorgan 431,744.77 3137HAD45FHMS KJ46 A1 DTD 07/01/2023 4.777% 06/01/2028

4.13 1.63
7,293.00 4,844.95 560,338.35 101.88 JPMorgan 550,000.00 3137HACX2FHMS K505 A2 DTD 07/01/2023 4.819% 06/01/2028

3.98 2.43
6,023.29 9,894.28 526,161.71 100.19 JPMorgan 525,170.71 3136BQDE6FNA 2023-M6 A2 DTD 07/01/2023 4.190% 07/01/2028

4.06 2.56
16,563.40 20,626.50 509,658.50 101.93 BMO 500,000.00 3137HAQ74FHMS K508 A2 DTD 10/01/2023 4.740% 08/01/2028

3.94 2.60
19,873.71 24,404.00 812,569.60 101.57 WellsFar 800,000.00 3137HAMH6FHMS K506 A2 DTD 09/01/2023 4.650% 08/01/2028

3.98 2.57
16,407.71 20,567.62 383,611.50 102.30 MorganSt 375,000.00 3137HAST4FHMS K509 A2 DTD 10/01/2023 4.850% 09/01/2028

3.94 2.68

Page 16 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
13,742.10 15,902.50 509,926.00 101.99 BOFAML 500,000.00 3137HAMS2FHMS K507 A2 DTD 09/01/2023 4.800% 09/01/2028

3.99 2.63
5,205.04 5,385.78 184,865.40 102.70 JPMorgan 180,000.00 3137HB3D4FHMS K510 A2 DTD 11/01/2023 5.069% 10/01/2028

4.02 2.71
6,776.08 7,047.15 281,257.08 102.28 BOFAML 275,000.00 3137HB3G7FHMS K511 A2 DTD 12/01/2023 4.860% 10/01/2028

3.99 2.75
2,253.37 1,346.47 294,246.18 101.46 JPMorgan 290,000.00 3137HBLV4FHMS K514 A2 DTD 02/01/2024 4.572% 12/01/2028

4.01 2.84
7,508.08 6,936.60 449,638.64 102.19 PIER 440,000.00 3137HDV56FHMS K524 A2 DTD 07/01/2024 4.720% 05/01/2029

4.02 3.27
12,616.04 12,617.65 548,510.91 102.35 MorganSt 535,894.87 3137HDJJ0FHMS K522 A2 DTD 06/01/2024 4.803% 05/01/2029

4.02 3.14
4,723.22 3,756.56 503,386.79 101.69 BMO 495,000.00 3137HDXL9FHMS K526 A2 DTD 08/01/2024 4.543% 07/01/2029

4.02 3.42
2,421.84 2,422.50 192,415.85 101.27 JPMorgan 190,000.00 3137HKXJ8FHMS K539 A2 DTD 04/01/2025 4.410% 01/01/2030

4.05 3.85
221,311.70 3.99 141,839.89 8,806,088.75 8,718,261.96 Security Type Sub-Total 2.29 Federal Agency Bond / Note
(2,366.13)(85.80) 647,587.20 99.63 Barclays 650,000.00 3135G06G3FANNIE MAE DTD 11/12/2020 0.500% 11/07/2025

4.38 0.10
(85.80) 4.38 (2,366.13) 647,587.20 650,000.00 Security Type Sub-Total 0.10 Corporate Note
(4,000.04)(3,657.37) 220,951.13 98.20 04/15/26Citigrou 225,000.00 91324PEC2UNITEDHEALTH GROUP INC (CALLABLE) DTD 05/19/2021 1.150% 05/15/2026

4.10 0.61
(4,063.68)(4,020.27) 170,927.23 97.67 07/12/26SUMITR 175,000.00 05565EBW4BMW US CAPITAL LLC (CALLABLE) DTD 08/12/2021 1.250% 08/12/2026

4.05 0.85
(5,651.84)(4,804.87) 219,058.88 97.36 JPMorgan 225,000.00 14913R2U0CATERPILLAR FINL SERVICE DTD 01/10/2022 1.700% 01/08/2027

3.87 1.24
(931.74)(881.36) 39,050.64 97.63 12/15/26Citigrou 40,000.00 87612EBM7TARGET CORP (CALLABLE) DTD 01/24/2022 1.950% 01/15/2027

3.87 1.25

Page 17 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
(10,900.54)(10,124.62) 463,820.88 97.65 12/24/26Deutsche 475,000.00 06406RBA4BANK OF NY MELLON CORP (CALLABLE) DTD 01/26/2022 2.050% 01/26/2027

4.02 1.28
5,280.12 23,610.75 745,553.25 99.41 11/06/26GoldmanS 750,000.00 594918BY9MICROSOFT CORP (CALLABLE) DTD 02/06/2017 3.300% 02/06/2027

3.79 1.21
2,006.83 16,933.80 294,136.80 98.05 02/01/27RBS 300,000.00 025816CS6AMERICAN EXPRESS CO (CALLABLE) DTD 03/04/2022 2.550% 03/04/2027

4.00 1.37
(7,289.19)(975.17) 465,113.83 97.92 02/15/27SEEL 475,000.00 084664CZ2BERKSHIRE HATHAWAY FIN (CALLABLE) DTD 03/15/2022 2.300% 03/15/2027

3.79 1.40
2,473.46 12,044.40 296,969.40 98.99 01/01/27Barclays 300,000.00 808513BW4CHARLES SCHWAB CORP (CALLABLE) DTD 09/24/2021 3.300% 04/01/2027

4.01 1.38
4,408.82 11,594.00 499,919.00 99.98 CAS 500,000.00 63254ABE7NATIONAL AUSTRALIA BK/NY DTD 06/09/2022 3.905% 06/09/2027

3.91 1.60
2,455.45 22,138.65 763,201.40 98.48 06/12/27TD Secur 775,000.00 037833DB3APPLE INC (CALLABLE) DTD 09/12/2017 2.900% 09/12/2027

3.72 1.81
4,819.67 4,131.38 380,413.88 101.44 WellsFar 375,000.00 89236TKQ7TOYOTA MOTOR CREDIT CORP DTD 01/12/2023 4.625% 01/12/2028

3.98 2.13
4,765.62 15,713.25 344,902.25 98.54 11/07/27MorganSt 350,000.00 637432NP6NATIONAL RURAL UTIL COOP (CALLABLE) DTD 02/07/2018 3.400% 02/07/2028

4.08 2.16
459.76 (579.61) 86,463.79 101.72 01/15/28JPMorgan 85,000.00 882508BV5TEXAS INSTRUMENTS INC (CALLABLE) DTD 11/18/2022 4.600% 02/15/2028

3.88 2.17
8,121.42 16,767.38 375,031.13 100.01 11/20/27MAXE 375,000.00 110122DE5BRISTOL-MYERS SQUIBB CO (CALLABLE) DTD 07/15/2020 3.900% 02/20/2028

3.90 2.14
730.04 781.08 60,673.08 101.12 04/15/28Barclays 60,000.00 539830BZ1LOCKHEED MARTIN CORP (CALLABLE) DTD 05/25/2023 4.450% 05/15/2028

4.00 2.37
8,485.74 7,227.00 385,092.00 102.69 Citigrou 375,000.00 24422EXB0JOHN DEERE CAPITAL CORP DTD 07/14/2023 4.950% 07/14/2028

3.93 2.56
39,041.17 40,399.50 786,679.50 104.89 08/29/28Barclays 750,000.00 17325FBB3CITIBANK NA (CALLABLE) DTD 09/29/2023 5.803% 09/29/2028

4.07 2.68
6,436.06 6,573.90 346,121.70 101.80 01/08/29Barclays 340,000.00 009158BH8AIR PRODUCTS & CHEMICALS (CALLABLE) DTD 02/08/2024 4.600% 02/08/2029

4.02 3.03
11,078.75 11,122.86 430,975.86 102.61 01/26/29Citigrou 420,000.00 17275RBR2CISCO SYSTEMS INC (CALLABLE) DTD 02/26/2024 4.850% 02/26/2029

4.00 3.06
1,208.93 1,234.85 51,144.35 102.29 02/14/29Citigrou 50,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

3.98 3.12

Page 18 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
16,337.02 16,237.83 741,593.08 102.29 02/14/29BOFAML 725,000.00 09290DAA9BLACKROCK FUNDING INC (CALLABLE) DTD 03/14/2024 4.700% 03/14/2029

3.98 3.12
4,746.67 4,808.28 174,583.88 102.70 03/04/29SEEL 170,000.00 00724PAF6ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

3.99 3.09
5,749.42 5,833.07 210,527.62 102.70 03/04/29BOFAML 205,000.00 00724PAF6ADOBE INC (CALLABLE) DTD 04/04/2024 4.800% 04/04/2029

3.99 3.09
2,018.51 2,006.62 112,094.62 101.90 04/23/28SEEL 110,000.00 95000U3T8WELLS FARGO & COMPANY (CALLABLE) DTD 04/23/2025 4.970% 04/23/2029

4.56 2.34
5,522.18 5,522.18 295,522.18 101.90 04/23/28WellsFar 290,000.00 95000U3T8WELLS FARGO & COMPANY (CALLABLE) DTD 04/23/2025 4.970% 04/23/2029

4.56 2.34
7,433.40 7,433.40 607,433.40 101.24 05/09/28BOFAML 600,000.00 06051GMT3BANK OF AMERICA CORP (CALLABLE) DTD 05/09/2025 4.623% 05/09/2029

4.44 2.39
3,627.83 3,814.25 128,008.00 102.41 05/25/29MorganSt 125,000.00 437076DC3HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029

4.05 3.32
7,070.60 7,388.50 256,016.00 102.41 05/25/29PNCBank 250,000.00 437076DC3HOME DEPOT INC (CALLABLE) DTD 06/25/2024 4.750% 06/25/2029

4.05 3.32
2,484.21 2,578.80 402,098.80 100.52 Deutsche 400,000.00 02665WFQ9AMERICAN HONDA FINANCE DTD 09/05/2024 4.400% 09/05/2029

4.25 3.57
2,271.13 2,283.56 117,159.36 101.88 02/01/30BOFAML 115,000.00 571676AY1MARS INC (CALLABLE) DTD 03/12/2025 4.800% 03/01/2030

4.32 3.91
5,322.60 5,322.60 205,322.60 102.66 03/24/30MorganSt 200,000.00 857477DB6STATE STREET CORP (CALLABLE) DTD 04/24/2025 4.834% 04/24/2030

4.17 3.96
7,759.33 7,804.40 407,184.40 101.80 TD Secur 400,000.00 69371RT71PACCAR FINANCIAL CORP DTD 05/08/2025 4.550% 05/08/2030

4.11 4.06
5,431.07 5,450.80 405,098.80 101.27 05/15/30BOFAML 400,000.00 032654BE4ANALOG DEVICES INC (CALLABLE) DTD 06/16/2025 4.500% 06/15/2030

4.20 4.13
241,713.82 4.03 144,708.78 11,488,842.72 11,410,000.00 Security Type Sub-Total 2.37 Certificate of Deposit
442.80 442.80 450,442.80 100.10 TD Secur 450,000.00 89115B6K1TORONTO DOMINION BANK NY DTD 10/31/2022 5.600% 10/27/2025

4.03 0.09
283.50 283.50 450,283.50 100.06 WellsFar 450,000.00 65558UYF3NORDEA BANK ABP NEW YORK DTD 11/03/2022 5.530% 11/03/2025

4.74 0.09

Page 19 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
726.30 4.38 726.30 900,726.30 900,000.00 Security Type Sub-Total 0.09 Bank Note
7,437.52 7,236.08 532,761.08 101.48 07/14/27Citigrou 525,000.00 61690U8E3MORGAN STANLEY BANK NA (CALLABLE) DTD 07/19/2024 4.968% 07/14/2028

4.45 1.68
7,236.08 4.45 7,437.52 532,761.08 525,000.00 Security Type Sub-Total 1.68 Asset-Backed Security
(24.51)(23.84) 42,148.89 99.94 RBC Capi 42,173.73 14318MAD1CARMX 2022-3 A3 DTD 07/20/2022 3.970% 04/15/2027

4.28 0.22

47.21 53.33 45,632.59 100.10 WellsFar 45,588.69 65480JAC4NAROT 2022-B A3 DTD 09/28/2022 4.460% 05/17/2027

4.21 0.33
138.46 145.94 74,559.65 100.18 RBC Capi 74,425.91 36265QAD8GMCAR 2022-4 A3 DTD 10/12/2022 4.820% 08/16/2027

4.18 0.26
246.72 246.76 117,389.96 100.21 BOFAML 117,143.26 891940AC2TAOT 2023-A A3 DTD 01/30/2023 4.630% 09/15/2027

4.19 0.43

98.89 121.50 245,083.06 100.03 RBC Capi 245,000.00 14041NGB1COMET 2022-A3 A DTD 11/03/2022 4.950% 10/15/2027

4.13 0.04
247.00 250.99 73,489.90 100.33 JPMorgan 73,246.28 41285JAD0HDMOT 2023-A A3 DTD 02/23/2023 5.050% 12/15/2027

4.24 0.38
187.10 190.74 68,250.45 100.27 BNPPSA 68,066.81 344928AD8FORDO 2023-A A3 DTD 03/31/2023 4.650% 02/15/2028

4.16 0.50
1,654.66 1,675.91 221,071.95 100.74 BOFAML 219,441.28 43815QAC1HAROT 2023-3 A3 DTD 08/22/2023 5.410% 02/18/2028

4.24 0.60
358.69 368.00 320,349.44 100.11 RBC Capi 320,000.00 254683CY9DCENT 2023-A1 A DTD 04/11/2023 4.310% 03/15/2028

4.11 0.44
867.82 885.77 170,847.28 100.50 BOFAML 170,000.00 05522RDG0BACCT 2023-A1 A1 DTD 06/16/2023 4.790% 05/15/2028

4.05 0.60
1,041.44 1,049.31 191,032.46 100.54 RBC Capi 190,000.00 02582JJZ4AMXCA 2023-1 A DTD 06/14/2023 4.870% 05/15/2028

4.05 0.60
1,265.60 1,318.74 491,206.38 100.25 RBC Capi 490,000.00 14041NGD7COMET 2023-A1 A DTD 05/24/2023 4.420% 05/15/2028

4.04 0.60
2,264.02 2,285.53 352,238.25 100.64 BOFAML 350,000.00 254683CZ6DCENT 2023-A2 A DTD 06/28/2023 4.930% 06/15/2028

4.06 0.68

Page 20 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
888.34 893.39 75,279.06 101.18 JPMorgan 74,398.77 438123AC5HAROT 2023-4 A3 DTD 11/08/2023 5.670% 06/21/2028

4.18 0.76
2,425.45 2,432.33 264,860.44 100.92 JPMorgan 262,444.38 31680EAD3FITAT 2023-1 A3 DTD 08/23/2023 5.530% 08/15/2028

4.24 0.68
4,951.67 4,994.14 409,881.87 101.21 JPMorgan 405,000.00 161571HT4CHAIT 2023-A1 A DTD 09/15/2023 5.160% 09/15/2028

3.89 0.92
5,349.40 5,356.53 415,338.20 101.30 Citigrou 410,000.00 02582JKD1AMXCA 2023-3 A DTD 09/19/2023 5.230% 09/15/2028

3.90 0.92
1,155.48 1,156.81 101,146.10 101.15 Barclays 100,000.00 73329KAD8PILOT 2025-1A A3 DTD 05/21/2025 4.610% 10/20/2028

4.01 1.71
2,224.36 2,232.95 182,208.78 101.23 BOFAML 180,000.00 05522RDH8BACCT 2023-A2 A2 DTD 12/14/2023 4.980% 11/15/2028

3.92 1.07
10,331.14 10,331.14 505,229.67 102.07 Barclays 495,000.00 02582JKH2AMXCA 2024-1 A DTD 04/23/2024 5.230% 04/16/2029

3.90 1.45
407.71 409.03 115,396.18 100.34 JPMorgan 115,000.00 437921AD1HAROT 2025-2 A3 DTD 05/08/2025 4.150% 10/15/2029

4.14 1.94
516.20 516.88 80,511.36 100.64 BOFAML 80,000.00 05594BAD8BAAT 2025-1A A3 DTD 05/12/2025 4.350% 11/20/2029

4.01 1.60
3,987.42 3,649.97 557,323.80 101.33 WellsFar 550,000.00 58773DAD6MBART 2025-1 A3 DTD 01/23/2025 4.780% 12/17/2029

3.92 1.42
3,462.49 3,465.24 418,447.40 100.83 BOFAML 415,000.00 92348KDY6VZMT 2025-3 A1A DTD 03/31/2025 4.510% 03/20/2030

4.18 1.92
697.95 698.96 90,685.71 100.76 TD Secur 90,000.00 362549AD9GMCAR 2025-2 A3 DTD 05/14/2025 4.280% 04/16/2030

3.94 1.90
2,860.75 2,861.70 252,860.75 101.14 BOFAML 250,000.00 05522RDK1BACCT 2025-A1 A DTD 06/12/2025 4.310% 05/15/2030

3.90 2.43
5,189.28 5,191.25 490,183.20 101.07 WellsFar 485,000.00 92970QAJ4WFCIT 2025-A1 A DTD 06/10/2025 4.340% 05/15/2030

3.97 2.43
5,864.16 5,871.41 555,722.20 101.04 Citigrou 550,000.00 17305EHA6CCCIT 2025-A1 A DTD 06/26/2025 4.300% 06/21/2030

3.91 2.52
58,630.41 4.02 58,704.90 6,928,374.98 6,866,929.11 Security Type Sub-Total 1.24

Page 21 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
55,555,191.07 55,141,743.51 1,026,712.35 585,670.06 3.87 Managed Account Sub-Total 2.47 Joint Powers Authority

0.00 0.00 1,187,493.79 1.00 1,187,493.79 CAMP Pool 0.00 1,187,493.79 1,187,493.79 0.00 0.00 Liquid Sub-Total 0.00 Total Investments $56,695,944.38
$366,707.08
$56,329,237.30
Accrued Interest
Securities Sub-Total $56,742,684.86 $1,026,712.35 $585,670.06 3.87% 2.47

Page 22 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Security Transactions & Interest

INTEREST
09/01/25 CA ST
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 0.00 4,846.00 4,846.00 09/01/25
09/01/25 MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
571676AY1 0.00 2,591.33 2,591.33 09/01/25
09/25/25 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 0.00 1,477.67 1,477.67 09/01/25
09/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 0.00 550.99 550.99 09/01/25
09/25/25 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 0.00 1,104.90 1,104.90 09/01/25
09/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 0.00 1,549.88 1,549.88 09/01/25
09/25/25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 0.00 1,515.63 1,515.63 09/01/25
09/25/25 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 0.00 2,000.00 2,000.00 09/01/25
09/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 0.00 1,833.89 1,833.89 09/01/25
09/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 0.00 1,720.51 1,720.51 09/01/25
09/25/25 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 0.00 1,873.99 1,873.99 09/01/25
09/25/25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 0.00 3,100.00 3,100.00 09/01/25
09/25/25 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 0.00 1,730.67 1,730.67 09/01/25
09/25/25 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 0.00 698.25 698.25 09/01/25

Page 23 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Security Transactions & Interest

INTEREST
09/25/25 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 0.00 1,486.38 1,486.38 09/01/25
09/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 0.00 1,016.22 1,016.22 09/01/25
09/25/25 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 0.00 1,215.96 1,215.96 09/01/25
09/25/25 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 0.00 1,975.00 1,975.00 09/01/25
09/25/25 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 0.00 760.35 760.35 09/01/25
09/25/25 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 0.00 1,113.75 1,113.75 09/01/25
09/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 0.00 2,145.13 2,145.13 09/01/25
09/25/25 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 0.00 2,208.71 2,208.71 09/01/25
09/04/25 AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 0.00 3,825.00 3,825.00 09/04/25
09/04/25 FEDERAL HOME LOAN BANK
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 0.00 281.25 281.25 09/04/25
09/05/25 AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 0.00 8,800.00 8,800.00 09/05/25
09/12/25 APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 0.00 11,237.50 11,237.50 09/12/25
09/14/25 BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 0.00 18,212.50 18,212.50 09/14/25
09/15/25 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 0.00 897.92 897.92 09/15/25
09/15/25 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 0.00 397.71 397.71 09/15/25
09/15/25 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 0.00 678.58 678.58 09/15/25

Page 24 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Security Transactions & Interest

INTEREST
09/15/25 BERKSHIRE HATHAWAY FIN
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 0.00 5,462.50 5,462.50 09/15/25
09/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 0.00 346.64 346.64 09/15/25
09/15/25 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 0.00 2,157.37 2,157.37 09/15/25
09/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 0.00 168.75 168.75 09/15/25
09/15/25 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 0.00 2,190.83 2,190.83 09/15/25
09/15/25 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 0.00 1,804.83 1,804.83 09/15/25
09/15/25 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 0.00 1,437.92 1,437.92 09/15/25
09/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 0.00 497.25 497.25 09/15/25
09/15/25 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 0.00 1,786.92 1,786.92 09/15/25
09/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 0.00 191.25 191.25 09/15/25
09/15/25 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 0.00 1,741.50 1,741.50 09/15/25
09/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 0.00 747.00 747.00 09/15/25
09/15/25 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 0.00 771.08 771.08 09/15/25
09/15/25 ABBOTT LABORATORIES (CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 0.00 4,359.38 4,359.38 09/15/25
09/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 0.00 288.97 288.97 09/15/25
09/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 0.00 1,297.23 1,297.23 09/15/25

Page 25 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Security Transactions & Interest

INTEREST
09/15/25 COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
14041NGB1 0.00 1,010.63 1,010.63 09/15/25
09/15/25 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 0.00 1,149.33 1,149.33 09/15/25
09/15/25 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 0.00 1,754.08 1,754.08 09/15/25
09/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 0.00 350.73 350.73 09/16/25
09/16/25 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 0.00 321.00 321.00 09/16/25
09/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 0.00 1,074.24 1,074.24 09/18/25
09/20/25 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 0.00 1,559.71 1,559.71 09/20/25
09/20/25 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 0.00 384.17 384.17 09/20/25
09/20/25 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 0.00 290.00 290.00 09/20/25
09/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 0.00 376.39 376.39 09/21/25
09/23/25 FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 0.00 1,312.50 1,312.50 09/23/25
09/29/25 CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 0.00 21,761.25 21,761.25 09/29/25
139,439.12 139,439.12 0.00 Transaction Type Sub-Total

MATURITY
09/04/25 FEDERAL HOME LOAN BANK
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2 150,000.00 0.00 150,000.00 450.00 0.00 150,000.00 09/04/25 09/15/25 ABBOTT LABORATORIES (CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025
002824BM1 225,000.00 0.00 225,000.00 (32,845.50) 0.00 225,000.00 09/15/25 09/23/25 FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 700,000.00 0.00 700,000.00 2,107.00 0.00 700,000.00 09/23/25

Page 26 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 2025Managed Account Security Transactions & Interest

0.00 0.00 (30,288.50) 1,075,000.00 1,075,000.00 1,075,000.00 Transaction Type Sub-Total

PAYDOWNS
09/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 970.51 0.00 970.51 0.01 0.00 970.51 09/01/25 09/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 49.53 0.00 49.53 0.84 0.49 49.53 09/01/25 09/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 52.09 0.00 52.09 0.00 0.00 52.09 09/01/25 09/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 6,305.01 0.00 6,305.01 261.07 37.56 6,305.01 09/01/25 09/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 333.49 0.00 333.49 10.27 3.62 333.49 09/01/25 09/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 453.09 0.00 453.09 0.01 0.01 453.09 09/01/25 09/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 5,868.90 0.00 5,868.90 1.21 0.44 5,868.90 09/15/25 09/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 19,051.49 0.00 19,051.49 1.18 0.69 19,051.49 09/15/25 09/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 6,505.96 0.00 6,505.96 0.68 0.34 6,505.96 09/15/25 09/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 8,833.58 0.00 8,833.58 0.21 0.07 8,833.58 09/15/25 09/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 11,734.03 0.00 11,734.03 0.00 0.00 11,734.03 09/15/25 09/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 9,124.44 0.00 9,124.44 0.92 0.43 9,124.44 09/15/25 09/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 12,892.62 0.00 12,892.62 2.11 0.84 12,892.62 09/16/25 09/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 18,837.81 0.00 18,837.81 3.88 2.09 18,837.81 09/18/25 09/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 5,260.63 0.00 5,260.63 0.93 0.58 5,260.63 09/21/25

0.00 47.16 283.32 106,273.18 106,273.18 106,273.18 Transaction Type Sub-Total

Page 27 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
SELL
09/05/25 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 226,951.17 124.31 227,075.48 4,403.32 3,479.76 FIFO 225,000.00 09/02/25 09/05/25 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 403,468.75 221.00 403,689.75 9,828.12 7,516.43 FIFO 400,000.00 09/02/25 09/05/25 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 2,471,246.10 1,353.59 2,472,599.69 87,855.47 65,981.32 FIFO 2,450,000.00 09/02/25 1,698.90 76,977.51 102,086.91 3,103,364.92 3,101,666.02 3,075,000.00 Transaction Type Sub-Total 441,286.86 118,061.25 559,348.11 72,081.73 77,024.67 Managed Account Sub-Total Total Security Transactions $72,081.73 $559,348.11 $118,061.25 $441,286.86 $77,024.67

Page 28 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
568,855.03 Opening Balance
09/02/25 09/02/25 Purchase - Interest 13063D3N6 1.00 4,846.00 573,701.03 09/02/25 09/02/25 Purchase - Interest 571676AY1 1.00 2,591.33 576,292.36 09/02/25 09/02/25 Purchase - Interest 91282CGP0 1.00 61,500.00 637,792.36 09/02/25 09/02/25 Purchase-Interest 3137HDJJ0 1.00 2,558.11 640,350.47 09/02/25 09/02/25 Purchase-Interest 3137HDJJ0 1.00 2,145.33 642,495.80 09/02/25 09/02/25 Redemption-Interest 3137HDJJ0 1.00 (2,145.34) 640,350.46 09/02/25 09/02/25 Redemption-Interest 3137HDJJ0 1.00 (2,201.38) 638,149.08 09/04/25 09/04/25 Purchase - Interest 025816CS6 1.00 3,825.00 641,974.08 09/04/25 09/04/25 Purchase - Interest 3130AK5E2 1.00 281.25 642,255.33 09/04/25 09/04/25 Purchase - Principal 3130AK5E2 1.00 150,000.00 792,255.33 09/05/25 09/05/25 Purchase - Interest 02665WFQ9 1.00 8,800.00 801,055.33 09/05/25 09/05/25 Purchase - Principal 91282CGP0 1.00 3,101,666.02 3,902,721.35 09/05/25 09/05/25 Purchase - Interest 91282CGP0 1.00 1,698.90 3,904,420.25 09/05/25 09/05/25 Redemption - Principal 91282CEV9 1.00 (3,841,652.34) 62,767.91 09/05/25 09/05/25 Redemption - Interest 91282CEV9 1.00 (23,076.77) 39,691.14 09/12/25 09/12/25 Purchase - Interest 037833DB3 1.00 11,237.50 50,928.64 09/15/25 09/15/25 Purchase - Interest 002824BM1 1.00 4,359.38 55,288.02 09/15/25 09/15/25 Purchase - Interest 084664CZ2 1.00 5,462.50 60,750.52 09/15/25 09/15/25 Purchase - Interest 09290DAA9 1.00 18,212.50 78,963.02 09/15/25 09/15/25 Purchase - Interest 02582JJZ4 1.00 771.08 79,734.10 09/15/25 09/15/25 Purchase - Interest 02582JKD1 1.00 1,786.92 81,521.02

Page 29 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
09/15/25 09/15/25 Purchase - Interest 02582JKH2 1.00 2,157.37 83,678.39 09/15/25 09/15/25 Purchase - Interest 05522RDG0 1.00 678.58 84,356.97 09/15/25 09/15/25 Purchase - Interest 05522RDH8 1.00 747.00 85,103.97 09/15/25 09/15/25 Purchase - Interest 05522RDK1 1.00 897.92 86,001.89 09/15/25 09/15/25 Purchase - Interest 14041NGB1 1.00 1,010.63 87,012.52 09/15/25 09/15/25 Purchase - Interest 14041NGD7 1.00 1,804.83 88,817.35 09/15/25 09/15/25 Purchase - Interest 14318MAD1 1.00 168.75 88,986.10 09/15/25 09/15/25 Purchase - Interest 161571HT4 1.00 1,741.50 90,727.60 09/15/25 09/15/25 Purchase - Interest 254683CY9 1.00 1,149.33 91,876.93 09/15/25 09/15/25 Purchase - Interest 254683CZ6 1.00 1,437.92 93,314.85 09/15/25 09/15/25 Purchase - Interest 31680EAD3 1.00 1,297.23 94,612.08 09/15/25 09/15/25 Purchase - Interest 344928AD8 1.00 288.97 94,901.05 09/15/25 09/15/25 Purchase - Interest 41285JAD0 1.00 346.64 95,247.69 09/15/25 09/15/25 Purchase - Interest 437921AD1 1.00 397.71 95,645.40 09/15/25 09/15/25 Purchase - Interest 58773DAD6 1.00 2,190.83 97,836.23 09/15/25 09/15/25 Purchase - Interest 65480JAC4 1.00 191.25 98,027.48 09/15/25 09/15/25 Purchase - Interest 891940AC2 1.00 497.25 98,524.73 09/15/25 09/15/25 Purchase - Interest 92970QAJ4 1.00 1,754.08 100,278.81 09/15/25 09/15/25 Purchase - Principal 002824BM1 1.00 225,000.00 325,278.81 09/15/25 09/15/25 Purchase - Principal 14318MAD1 1.00 8,833.58 334,112.39 09/15/25 09/15/25 Purchase - Principal 31680EAD3 1.00 19,051.49 353,163.88 09/15/25 09/15/25 Purchase - Principal 41285JAD0 1.00 9,124.44 362,288.32

Page 30 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
09/15/25 09/15/25 Purchase - Principal 344928AD8 1.00 6,505.96 368,794.28 09/15/25 09/15/25 Purchase - Principal 65480JAC4 1.00 5,868.90 374,663.18 09/16/25 09/16/25 Purchase - Interest 362549AD9 1.00 321.00 374,984.18 09/16/25 09/16/25 Purchase - Interest 36265QAD8 1.00 350.73 375,334.91 09/16/25 09/16/25 Purchase - Principal 36265QAD8 1.00 12,892.62 388,227.53 09/16/25 09/16/25 Purchase-Principal 891940AC2 1.00 11,734.03 399,961.56 09/18/25 09/18/25 Purchase - Interest 43815QAC1 1.00 1,074.24 401,035.80 09/18/25 09/18/25 Purchase - Principal 43815QAC1 1.00 18,837.81 419,873.61 09/22/25 09/22/25 Purchase - Interest 05594BAD8 1.00 290.00 420,163.61 09/22/25 09/22/25 Purchase - Interest 438123AC5 1.00 376.39 420,540.00 09/22/25 09/22/25 Purchase - Interest 73329KAD8 1.00 384.17 420,924.17 09/22/25 09/22/25 Purchase - Interest 92348KDY6 1.00 1,559.71 422,483.88 09/22/25 09/22/25 Purchase - Principal 438123AC5 1.00 5,260.63 427,744.51 09/23/25 09/23/25 Purchase - Interest 3137EAEX3 1.00 1,312.50 429,057.01 09/23/25 09/23/25 Purchase - Principal 3137EAEX3 1.00 700,000.00 1,129,057.01 09/25/25 09/25/25 Purchase - Interest 3137BXQY1 1.00 1,477.67 1,130,534.68 09/25/25 09/25/25 Purchase - Interest 3137F1G44 1.00 1,486.38 1,132,021.06 09/25/25 09/25/25 Purchase - Interest 3137HACX2 1.00 2,208.71 1,134,229.77 09/25/25 09/25/25 Purchase - Interest 3137HAD45 1.00 1,720.51 1,135,950.28 09/25/25 09/25/25 Purchase - Interest 3137HAMH6 1.00 3,100.00 1,139,050.28 09/25/25 09/25/25 Purchase - Interest 3137HAMS2 1.00 2,000.00 1,141,050.28 09/25/25 09/25/25 Purchase - Interest 3137HAQ74 1.00 1,975.00 1,143,025.28

Page 31 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
09/25/25 09/25/25 Purchase - Interest 3137HAST4 1.00 1,515.63 1,144,540.91 09/25/25 09/25/25 Purchase - Interest 3137HB3D4 1.00 760.35 1,145,301.26 09/25/25 09/25/25 Purchase - Interest 3137HB3G7 1.00 1,113.75 1,146,415.01 09/25/25 09/25/25 Purchase - Interest 3137HBC69 1.00 1,549.88 1,147,964.89 09/25/25 09/25/25 Purchase - Interest 3136BQDE6 1.00 1,833.89 1,149,798.78 09/25/25 09/25/25 Purchase - Interest 3137BNGT5 1.00 550.99 1,150,349.77 09/25/25 09/25/25 Purchase - Interest 3137BSP72 1.00 1,215.96 1,151,565.73 09/25/25 09/25/25 Purchase - Interest 3137BTUM1 1.00 1,016.22 1,152,581.95 09/25/25 09/25/25 Purchase - Interest 3137HBLV4 1.00 1,104.90 1,153,686.85 09/25/25 09/25/25 Purchase - Interest 3137HDJJ0 1.00 2,145.13 1,155,831.98 09/25/25 09/25/25 Purchase - Interest 3137HDV56 1.00 1,730.67 1,157,562.65 09/25/25 09/25/25 Purchase - Interest 3137HDXL9 1.00 1,873.99 1,159,436.64 09/25/25 09/25/25 Purchase - Interest 3137HKXJ8 1.00 698.25 1,160,134.89 09/25/25 09/25/25 Purchase - Principal 3137HDJJ0 1.00 52.09 1,160,186.98 09/25/25 09/25/25 Purchase - Principal 3137HAD45 1.00 453.09 1,160,640.07 09/25/25 09/25/25 Purchase - Principal 3137BTUM1 1.00 333.49 1,160,973.56 09/25/25 09/25/25 Purchase - Principal 3137BNGT5 1.00 6,305.01 1,167,278.57 09/25/25 09/25/25 Purchase - Principal 3136BQDE6 1.00 49.53 1,167,328.10 09/25/25 09/25/25 Purchase - Principal 3137HBC69 1.00 970.51 1,168,298.61 09/29/25 09/29/25 Purchase - Interest 17325FBB3 1.00 21,761.25 1,190,059.86 09/29/25 09/29/25 IP Fees August 2025 1.00 (4,191.72) 1,185,868.14 09/29/25 09/29/25 U.S. Bank Fees July 2025 1.00 (223.29) 1,185,644.85

Page 32 ends

U.S. Bancorp Asset Management, Inc.

For the Month Ending September 30, 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
09/30/25 10/01/25 Accrual Income Div Reinvestment - Distributions 1.00 1,848.94 1,187,493.79 1,187,493.79
1,187,493.79
1,187,493.79
521,810.16
9,131.80

0.00 (19,247,517.09)
20,165,090.96
269,919.92
1,848.94
1,187,493.79

0.00 (3,873,490.84)
4,492,129.60
568,855.03
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
September January-September

4.36%

Page 33 ends

U.S. Bancorp Asset Management, Inc.
5)
State of California Homekey+ Grant for Homeless Housing Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE HOMEKEY PROGRAM.

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:Adam Gufarotti, Assistant Director of Lake & Community Operations Date:October 28, 2025
Subject:State of California Homekey+ Grant for Homeless Housing Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE HOMEKEY PROGRAM.

Background
The State of California recently announced the availability of additional funding through the Homekey+ program, which provides resources to local jurisdictions to expand housing options for individuals and families experiencing homelessness. The Homekey program, originally launched in 2020, has been one of the state’s most significant initiatives for rapidly creating permanent and interim housing.

In order to access this new round of funding, the City of Lake Elsinore is preparing a grant application. As part of the application process, the program guidelines require that the City Council adopt a formal resolution authorizing staff to apply for and, if awarded, accept the grant funds.

Discussion
It is recommended that the City Council adopt the resolution authorizing City staff to submit a grant application to the State of California under the Homekey+ program in the amount of $10.6 million. Approval of this resolution will ensure that the City remains eligible to compete for these critical funds, which, if awarded, would significantly expand the City’s ability to create and sustain housing solutions for individuals and families experiencing homelessness.

Homekey+ Grant Resolution

Page 2 of 2 ends

Fiscal Impact
The City is requesting $10.6 million. As part of the application requirements, a local match of $1 million will be required. If the grant is awarded, staff will present a detailed funding plan for Council consideration.

Attachments
Attachment 1 - Resolution
City Manager's Office
RESOLUTION NO. 2025-

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

CALIFORNIA, AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE

HOMEKEY PROGRAM
Whereas, The Department of Housing and Community Development (“Department”) has issued a Notice of Funding Availability, dated March 29, 2023 (“NOFA”), for the Homekey Program (“Homekey” or “Program”). The Department has issued the NOFA for Homekey grant funds pursuant to Health and Safety Code section 50675.1.3 (Assem. Bill No. 140 (2021-2022 Reg.

Sess.), § 20.).

Whereas, The City of Lake Elsinore (“Co-Applicant”) desires to jointly apply for Homekey grant funds with Kingdom Causes, Inc. (dba City Net) (“Corporation”). Therefore, Co-Applicant is joining Corporation in the submittal of an application for Homekey funds (“Application”) to the Department for review and consideration.

Whereas, The Department is authorized to administer Homekey pursuant to the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code). Homekey funding allocations are subject to the terms and conditions of the NOFA, the Application, the Department-approved STD 213, Standard Agreement (“Standard Agreement”), and all other legal requirements of the Homekey Program.

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

Section 1. Co-Applicant is hereby authorized and directed to submit a joint Application to the Department in response to the NOFA, and to jointly apply for Homekey grant funds in a total amount not to exceed $10,600,000.

Section 2. If the Application is approved, Co-Applicant is hereby authorized and directed to enter into, execute, and deliver a Standard Agreement in a total amount not to exceed $10,600,000, any and all other documents required or deemed necessary or appropriate to secure the Homekey funds from the Department and to participate in the Homekey Program, and all amendments thereto (collectively, the “Homekey Documents”) Section 3. Co-Applicant acknowledges and agrees that it shall be subject to the terms and conditions specified in the Standard Agreement, and that the NOFA and Application will be incorporated in the Standard Agreement by reference and made a part thereof. Any and all activities, expenditures, information, and timelines represented in the Application are enforceable through the Standard Agreement. Funds are to be used for the allowable expenditures and activities identified in the Standard Agreement.

CC Reso No. 2025-Page
2 of 2
Section 4. Jason Simpson, City Manager, or his or her designee, is authorized to execute the Application and the Homekey Documents on behalf of Applicant for participation in the Homekey Program.

Section 5. This Resolution shall take effect from and after the date of its passage and adoption.

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

Passed and Adopted on this at a regular meeting of the City Council of the City of Lake Elsinore, California, this 28th day of October 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, do hereby certify that Resolution No. 2025- was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of October 28, 2025, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk
6)
Change Order No. 1 to Public Works’ Construction Agreement with Edmondson Construction Company for the Site Grading of the New City Library (CIP Project No.

Z20036)
Approve and authorize the City Manager to execute Change Order No.1 to the Public Works Construction Agreement with Edmondson Construction Company in an amount not to exceed $230,000.00 for the site grading of the New City Library (CIP Project No. Z20006) in such final form as approved by the City Attorney.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Shannon Buckley, Assistant City Manager
Date:October 28, 2025
SubjectChange Order No. 1 to Public Works’ Construction Agreement with Edmondson Construction Company for the Site Grading of the New City Library (CIP Project No. Z20036)
Recommendation
Approve and authorize the City Manager to execute Change Order No.1 to the Public Works Construction Agreement with Edmondson Construction Company in an amount not to exceed $230,000.00 for the site grading of the New City Library (CIP Project No. Z20006) in such final form as approved by the City Attorney.

Background
On February 11, 2025, the City Council awarded a public works construction agreement to Edmondson Construction Co, for the preliminary site grading of the new City Library (CIP Project #Z20036). The preliminary site grading was needed to obtain additional geotechnical information on the high-water table and soil composition relative to the liquefaction zone so the appropriate engineering could be made with minimal design assumptions.

Edmondson Construction Company Change Order No. 1

Page 2 of 2 ends

Discussion
The building site is located in a liquefaction zone. Because of the liquefaction zone below, careful consideration for existing geotechnical conditions and specialized engineering solutions are required. The use of Tensar TXF Fabric (geogrid mat) and multiple layers of base material, as outlined below, helps to stabilize the soil and mitigate the risks associated with liquefaction.

Additional geotechnical investigations are essential to assess soil behavior during seismic events, guiding the design of foundations and site preparation to ensure the safety and longevity of the new construction. The initial site grading preparation was completed, and a competent building pad was obtained at 5 feet below the final grade elevation. Based on these geotechnical results, the finish grading and compaction of the site were designed, and therefore, the estimate to complete the grade was discernible.

In this construction change order, the key elements will include the following items:
Pad Stabilization
Tensar TXF Fabric (geogrid mat), 3 Layers
1' of CL II Base, Between 2 Layers of Tensar
Payment & Performance Bonds
Misc T&M Grading, as Required for Grading
As this final grade progresses, additional geotechnical reading and analysis will further define the prevailing condition of the building pad. Upon completion of grading, the site will be certified and ready to receive new construction, underground utilities, and final site preparation for the new building, including concrete footings and slab.

Fiscal Impact
Funding costs are included in the Fiscal Year 2025-26 – 2029-30 Capital Improvement Plan (CIP) budget, CIP Project No. Z200036.

Attachments
Attachment 1 - Change Order No.1
Exhibit A - Proposal
Attachment 2 – Original Agreement
City Manager’s Office
1 DATE:

QUANTITY UNIT
Lump Sum 1.00
TOTAL
SUM OF
1 Review by: Initials Date Date

PRIOR TO THIS CHANGE ORDER
CONTRACTOR IS AUTHORIZED TO MAKE THE FOLLOWING CHANGES:

City Manager

UNIT PRICE EXTENSIONITEM
See Attached Proposal Dated October 8, 2025
ITEM

QUANTITIES DECREASED
$230,000.00$230,000.00

UNIT PRICE
CITY PROJECT #
February 11, 2025DATE AWARDED:

PROJECT TITLE: Library Edmondson Construction Company
#Z20036
Authorized by: Jason Simpson TOTAL AMOUNT OF CONTRACT
$230,000.00

QUANTITIES INCREASED

CITY OF LAKE ELSINORE
130 S. MAIN STREET
LAKE ELSINORE, CA 92530
(951) 674-3124
October 24, 2025
PROJECT CHANGE ORDER CHANGE ORDER #
THIS CHANGE ORDER IS APPLICABLE TO:

CONTRACT AWARDED TO:

City Manager:
$230,000.00
Approved by:

Contractor
Change Order No.

Assistant City Manager

EXTENSION

THE AMOUNT OF THE CONTRACT WILL BE (INCREASED) BY THE
$230,000.00
None

QUANTITY
Proposal To: License Number: 958561
hereinafter referred to as "OWNER";
Site Development
Tensar TXF Fabric, 3 Layers
1' of CL II Base, Between 2 Layers of Tensar
Payment & Performance Bonds
Misc T&M Grading, as Required for Grading
**This is a T&M Quote, Not to Exceed Amount**
Notes:

All Work Completed in 1 Move-In.

No Off-Site Work Included.

Prevailing Wage Rates, Acknowledged.

No Export of other trades spoils included.

No removal, relocation & or adjustment of any utilities. No removal of any hazardous materials.

No removal of any buried objects. All area's must be accessible with heavy equipment.

Plans by ERSC dated 8-26-24. Soils by Inland Foundation dated 7-9-24.

Existing topo does not reflect import from City Hall Construction, Estimated at 2,000 CY's.

ACCEPTED:

Company:

By: Date: By:

Title: Title:

Pad Total $197,900.00
LS $10,000.00 $10,000.001
City of Lake Elsinore
130 S Main St

QUANTITY
and materials to construct and complete in a good and workmanlike manner upon the following described real property, only the items indicated below:

UNIT PRICE
October 8, 2025
New City LibraryTRACT NUMBER:

ITEM DESCRIPTION
Job # 6115B
PROJECT LOCATION:

Contractors State License Board, 1020 North St., Sacramento, CA 95814 Chance Edmondson
30 days from completion of above work.

Contractors are required by law to be licensed by the Contractors' State License Board. Any questions EDMONDSON CONSTRUCTION CO.
18135 Grand Ave - Lake Elsinore, California 92530 - (951) 678-0800 - Fax (951) 678-0884 P.O. BOX 101 - LAKE ELSINORE, CALIFORNIA 92531
President
billings are due on the 10th of the month following. All retention's are due and payable payments upon receipt of invoice(s) covering work completed to date of invoice. Progressive The above prices are firm until: November 1, 2025 Total:
concerning the responsibilities of a contractor may be referred to the Registrar of the Board whose address is:
calendar days be required to complete the above items, owner will make progressive Owner to supply water meter (On-Site), soils testing, survey, SWPPP, permits & traffic control. $230,000.00
Terms: Net cash, due and payable upon completion. Should more that 30 consecutive Pad Stabilization
www.wemovedirt.com
124 W Sumner Ave Lake Elsinore, CA
EDMONDSON CONSTRUCTION CO. proposes to furnish all supervision, labor, equipment Lake Elsinore, CA 92530

ITEM TOTAL
Attn: Gus Papagolos
1 LS $22,100.00 $22,100.00

1 Agreement No. __________

AGREEMENT FOR PUBLIC WORKS CONSTRUCTION
E
dmondson Construction Co.

For the
Library
CIP PROJECT NO. Z20003
This Agreement for Public Works Construction (“Agreement”) is made and entered into as of February 11, 2025 by and between the City of Lake Elsinore, a municipal corporation (“City”) and Edmondson Construction Co., 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:

G
rading Library Z20003 (the “Project”)
The City-approved plans for the construction of the Project, which are incorporated herein by reference and prepared by Staff, are identified as:

Grading Plan
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 hundred ninety eight thousand nine hundred dollars dollars and no cents ($198,900.00).

Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D 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 45 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 $500 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.

Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D

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

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

a. The scope of the change in the work;

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

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

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

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

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

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

8. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, the County and Board Supervisors, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Contractor or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Contractor shall not apply when (1) the injury, loss of life, damage to property, or violation of law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Contractor or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to
Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D

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.

Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D

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

v. Professional Liability Coverage Contractor shall maintain professional errors and omissions liability insurance appropriate for Contractor’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Contractor’s services under this Agreement, whether such services are provided by the Contractor or by its employees, subcontractors, or sub consultants.

The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single limit per occurrence basis.

b. Endorsements. Each general commercial liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A:VII and shall be endorsed with the following specific language:

i. The City, its elected or appointed officers, officials, employees, agents and volunteers are to be covered as additional insured with respect to liability arising out of work performed by or on behalf of the Contractor, including materials, parts or equipment furnished in connection with such work or operations.

ii. This policy shall be considered primary insurance as respects the City, its elected or appointed officers, officials, employees, agents and volunteers. Any insurance maintained by the City, including any self-insured retention the City may have, shall be considered excess insurance only and shall not contribute with it.

iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company.

iv. The insurer waives all rights of subrogation against the City, its elected or appointed officers, officials, employees or agents.

v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.

vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) days written notice has been received by the City.

c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Contractor shall demonstrate financial capability for payment of such deductibles or self-insured retentions.

d. Certificates of Insurance. Contractor shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

Certificates of such insurance shall be filed with the City on or before commencement of Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D

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: Edmondson Construction Co.

Attn: Chance Edmondson
18135 Grand Ave
Lake Elsionore CA 92530

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.

Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D

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.

Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D 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]
Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D 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”
Edmondson Construction Co
City Manager
ATTEST:

By: Chance Edmondson
Its: Owner
City Clerk
APPRO
VED AS TO FORM:

City Attorney
Assistant City Manager
Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]
Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
Docusign Envelope ID: 89540CC6-A2FC-4F21-8B82-2F6C7AA68D2D 7)
Increase to the Purchase Order with Talimar Systems, Inc. for Additional City Hall Interior Furnishings and Workstations for the New City Hall Project (CIP Project No.

Z20006)
Approve and authorize the City Manager to increase the Purchase Order with Talimar Systems, Inc. for additional City Hall interior furnishings and workstations by an amount not to exceed $299,610.93 for a total cost of $1,061,975.62 plus 10% contingency for uncertainties and adjustments.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Adam Gufarotti, Assistant Director of Lake & Community Operations Date:October 28, 2025
Subject:Increase to the Purchase Order with Talimar Systems, Inc. for Additional City Hall Interior Furnishings and Workstations for the New City Hall Project (CIP Project No. Z20006)
Recommendation
Approve and authorize the City Manager to increase the Purchase Order with Talimar Systems, Inc. for additional City Hall interior furnishings and workstations by an amount not to exceed $299,610.93 for a total cost of $1,061,975.62 plus 10% contingency for uncertainties and adjustments.

Background
Progress on the new City Hall continues to move forward, with construction advancing on schedule and an anticipated opening in early 2026. As the project nears completion, City staff have begun detailed planning for the building's interior components, including the selection of finishes and furnishings, and the layout of staff and public areas, to ensure a functional and welcoming environment.

On July 22, 2025, the City Council approved a purchase order with Talimar Systems, Inc. for the first phase of office furniture for the new City Hall. This initial phase included core workspace furnishings necessary to support the transition of City operations into the new facility upon completion.

Discussion
Amendment No. 1 to the purchase order with Talimar Systems, Inc. expands the original scope of work to include additional workstations and office areas within the new City Hall, addressing the City’s growing workforce and operational needs.

Talimar Amendment No. 1

Page 3 of 2 ends

The amendment also enhances public amenities throughout the building. These additions include increased storage capacity for departmental use, additional public seating within the main and upper-level lobbies, and new furnishings for the fourth-floor plaza. Together, these improvements will help ensure the new City Hall is functional, efficient, and welcoming for both staff and the public.

Fiscal Impact
Funding costs are included in the Fiscal Year 2025-26 – 2028-29 Capital Improvement Plan (CIP) budget, CIP Project #Z20006.

Attachments
Attachment 1 – Quote
Attachment 2 – Original quote
City Manager's Office
3105 WEST ALPINE
SANTA ANA, CA 92704
(714) 557-4884

CITY OF LAKE ELSINORE
130 S MAIN ST
LAKE ELSINORE, CA 92530
CONTACT:ADAM GUFAROTTI
PHONE: (951) 777-7441 (949) 439-1937
FAX:

E-MAIL: [email protected]

QUANTITY UNIT NET EXTENDED NET

QUOTE FOR ADDITIONAL OFFICES & RELATED ITEMS
10 11,976.87 $ 119,768.71$
9 6,631.73 $ 59,685.59$
50 425.00 $ 21,250.00$
20 190.00 $ 3,800.00$
20 750.00 $ 15,000.00$
1 56,000.00 $ 56,000.00$

CHECK AREAS, ACCESSORIES & INSTALLATION COMPONENTS
Total extended net price: 275,504.30$
Tax:8.75% 24,106.63$
TOTAL: 299,610.93$
Authorized by:
____________________________________________
print name
____________________________________________Date: ________________ signature

ADDITIONAL SEATING

OFFICE FURNISHINGS, CUSTOM DESKS FOR FIRE & PLANNING

DESK SETUP A
CITY OF LAKE ELSINORE - QUOTE ADDITIONS A - 10/22/2025

PRODUCT DESCRIPTION

DESK SETUP B

EMPLOYEE LATERAL STORAGE FILES

EMPLOYEE OVERHEAD STORAGE
CITYOFLAKEELSINORE_SUMMARY_A_102225.xls

Page 1 ends

10/22/2025

8)
Amendment No. 1 to the On-call Agreement with Talimar Systems, Inc. for Minor Construction and Office Furniture Installation for the New City Hall Project (CIP Project No. Z20006)
Approve and authorize the City Manager to execute Amendment No.1 to the On-Call Services Agreement with Talimar Systems, Inc. in an amount not to exceed $194,597.50 for minor construction and office furniture installation in such final form approved by the City Attorney, and authorize the City Manager to execute change orders not exceeding a 10% contingency of $19,459.75 for uncertainties and adjustments.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Adam Gufarotti, Assistant Director of Lake & Community Operations Date:October 28, 2025
Subject:Amendment No. 1 to the On-call Agreement with Talimar Systems, Inc. for Minor Construction and Office Furniture Installation for the New City Hall Project (CIP Project No. Z20006)
Recommendation
Approve and authorize the City Manager to execute Amendment No.1 to the On-Call Services Agreement with Talimar Systems, Inc. in an amount not to exceed $194,597.50 for minor construction and office furniture installation in such final form approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $19,459.75 for uncertainties and adjustments.

Background
On August 12, the City Council approved an on-call contract with Talimar Systems, Inc. for the design, delivery, and installation of furniture for the new City Hall.

Discussion
Amendment No. 1 to the on-call contract with Talimar Systems, Inc. for the design, delivery, and installation of furniture for the new City Hall expands the original scope of work to address the City’s growing workforce and evolving operational needs. This amendment encompasses the design, fabrication, and installation of interior office signage, decorative wall coverings, murals, and other building artwork and finishes.

These enhancements are intended to create a cohesive, functional, and visually engaging environment that reflects the City’s identity while supporting the efficient operation of staff and providing an inviting atmosphere for the public.

Talimar Amendment No. 1

Page 2 of 2 ends

Fiscal Impact
Funding costs are included in the Fiscal Year 25/26 – 28/29 Capital Improvement Plan (CIP) budget, CIP Project #Z20006.

Attachments
Attachment 1 - Amendment No. 1
Exhibit A – Quote
City Manager's Office
3 9
6 6
9 AMENDMENT NO. 1

TO AGREEMENT FOR CONTRACTOR SERVICES
Talimar Systems, Inc.

ON-CALL MINOR CONSTRUCTION AND OFFICE FURNITURE INSTALLATION.

This Amendment No. 1 to Agreement for Contractor Services is made and entered into as of 10/28/2025, by and between the City of Lake Elsinore, a municipal corporation (“City), and Talimar Systems, a Corporation (“Contractor ”).

RECITALS
A. The City and Contractor have entered into that certain Agreement for Contractor Services dated as of 8/13/2025, (the “Original Agreement”). Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

B. The Original Agreement provided for compensation to Contractor in an amount of One hundred eighty-one thousand eight hundred fifty-seven dollars and nineteen cents ($181,857.19).

C. The Original Agreement had a term of one (1) year, commencing on 8/13/2025 and ending on 6/30/2026.

D. The parties now desire to amend the scope of services, term, and increase the payment for such services as set forth in this Amendment No. 1.

NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, City and Contractor agree as follows:

1. Section 1, Scope of Services, of the Original Agreement is hereby amended to add the following:

Contractor shall also perform the services described in Contractor’s 10/22/2025 Proposal (attached to this Amendment No. 1 as Exhibit A- 1). Contractor shall provide such services at the time, place, and in the manner specified in Exhibit A-1, subject to the direction of the City through its staff that it may provide from time to time.

2. Section 2, Term, of the Original Agreement is hereby amended to read in its entirety as follows:

The term of this Agreement shall commence upon execution of this Agreement and shall continue until the services and related work are completed in accordance with the Contractor’s Proposal (Exhibit A-1).

3. Section 3, Compensation, of the Original Agreement is hereby amended to read in its entirety as follows:

Notwithstanding the foregoing, for purposes of Amendment No. 1 and the term thereof, compensation to be paid to Contractor shall be in accordance with the Schedule of Charges set forth in Contractor ’s Proposal (referenced collectively as Exhibit A-1 Amendment No. 1). In no event 3 9
6 6
9 shall Contractor’s compensation related to Exhibit A-1 to Amendment No. 1 exceed three hundred seventy-six thousand four hundred fifty-four dollars and sixty-nine cents ($376,454.69) without additional written authorization from the City.

Notwithstanding any provision of Contractor’s Proposal to the contrary, out- of-pocket expenses set forth in Exhibit A-1 respectively, shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

4. Except for the changes specifically set forth herein, all other terms and conditions of the Original Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Amendment No. 1 to be executed on the respective dates set forth below.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
“CONTRACTOR”
Talimar Systems, Inc.

City Manager
Date:

Click or tap here to enter text.

Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
Attachments: Exhibit A-1 – Contractor ’s Proposal
3 9
6 6
9 EXHIBIT A-1
CONTRACTOR ’S PROPOSAL
[ATTACHED]
3105 WEST ALPINE
SANTA ANA, CA 92704
(714) 557-4884

CITY OF LAKE ELSINORE
130 S MAIN ST
LAKE ELSINORE, CA 92530
CONTACT: ADAM GUFAROTTI
PHONE: (951) 777-7441 (949) 439-1937
FAX:

E-MAIL: [email protected]

QUANTITY UNIT NET EXTENDED NET

QUOTE FOR ADDITIONAL ITEMS
1 154,000.00$ 154,000.00$

SIGNAGE, DECORATIVE WALL COVERINGS, MURALS AND

BUILDING ARTWORK AND FINISHES
1 12,825.00$ 12,825.00$
1 27,772.50$ 27,772.50$
Total extended net price:

TOTAL:
$ 194,597.50
$ 194,597.50
Authorized by:

DESIGN, FABRICATION AND INSTALLATION OF INTERIOR OFFICE CITY OF LAKE ELSINORE - QUOTE ADDITIONS B - 10/22/2025

PRODUCT DESCRIPTION

COMPLETE FREIGHT/DELIVERY & INSTALLATION/SETUP

PREVAILING WAGE
____
____________________________________
____print name
____
____________________________________
____
Date: ________________
signature
CITYOFLAKEELSINORE_SUMMARY_B_102225.xls

Page 1 ends

10/22/2025
9)
Second Reading of an Ordinance Amend Blazed Utopia's Development Agreement to Revise the Community Benefit Fee
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-2025-09) FOR BLAZED UTOPIA LOCATED AT 233 WEST MINTHORN STREET (APN: 377-220-024).

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:Damaris Abraham, Interim Assistant Community Development Director Date:October 28, 2025
Subject:Second Reading of an Ordinance Amend Blazed Utopia's Development Agreement to Revise the Community Benefit Fee
Recommendation
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-2025-09) FOR BLAZED UTOPIA LOCATED AT 233 WEST MINTHORN STREET (APN: 377-220-024).

Background/Discussion
At its Regular meeting on October 14, 2025, the City Council introduced by title only and waived further reading of the Ordinance.

Attachments
Attachment 1 – Ordinance
Exhibit A - DA Amendment
Community Development
ORDINANCE No. 2025-1520

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, APPROVING THE DEVELOPMENT AGREEMENT AMENDMENT (DA-2025-09) FOR BLAZED UTOPIA LOCATED AT 233 WEST MINTHORN STREET (APN: 377-220-024)
Whereas, Rahman & Associates, LLC., has filed an application with the City of Lake Elsinore (City) requesting approval of Development Agreement (DA) No. 2025-09 to amend the DA to revise the Community Benefit Fee (CBF) and establish a separate CBF rate for retail (e.g. storefront, delivery to customers) versus non-retail (e.g. cultivation, distribution, manufacturing and testing laboratory) cannabis operations. The proposed amendment also includes revisions to the definitions and general provisions. The project is located at 233 West Minthorn Street (APN:
377-220-024);
Whereas, Section 6.0 of the Western Riverside County Multiple Species Habitat Conservation Plan (MSHCP) requires that all discretionary projects within a MSHCP Criteria Cell undergo the Lake Elsinore Acquisition Process (LEAP) and Joint Project Review (JPR) to analyze the scope of the proposed development and establish a building envelope that is consistent with the MSHCP criteria;
Whereas, Section 6.0 of the MSHCP further requires that the City adopt consistency findings demonstrating that the proposed discretionary entitlement complies with the MSHCP Criteria Cell, and the MSHCP goals and objectives;
Whereas, pursuant to Chapter 19.12 (Development Agreements) of the Lake Elsinore Municipal Code (LEMC), the Planning Commission (Commission) has been delegated with the responsibility of reviewing and making a recommendation to the City Council (Council) whether the development agreement is consistent with the City’s General Plan and whether to approve the development agreement;
Whereas, on September 16, 2025, at a duly noticed public hearing, the Commission has considered evidence presented by the Community Development Department and other interested parties with respect to this item, and adopted a resolution recommending that the Council approve Development Agreement Amendment No. 2025-09; and
Whereas, on October 14, 2025, at a duly noticed Public Hearing, the Council has considered the recommendation of the Commission as well as evidence presented by the Community Development Department and other interested parties with respect to this item.

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

Section 1: That, in accordance with the MSHCP, the Council makes the following findings for MSHCP consistency:

1. The Project is not subject to the City’s LEAP and the Western Riverside County Regional Conservation Authority’s (RCA) JPR processes as it is not located within a Criteria Cell.

Ord. No. 2025-1520

Page 2 of 4 ends

3 9
6 1
0 2. The Project is consistent with the Riparian/Riverine Areas, Vernal Pools Guidelines, and the Fuel Management Guidelines, as the Project is wholly located within an existing building and does not include any earth-disturbing activities; therefore, Sections 6.1.2 or

6.3.1 of the MSHCP are not applicable.

3. The Project is consistent with the Protection of Narrow Endemic Plant Species Guidelines and the Additional Survey Needs and Procedures because the project is not located within any Narrow Endemic Plant Species Survey Areas or Critical Species Survey Areas.

4. The Project is consistent with the Fuels Management Guidelines because the Project site is not within or adjacent to any MSHCP Criteria Cell or conservation areas.

5. The Project has been conditioned to pay any applicable MSHCP Local Development Mitigation fees.

Section 2: The Council hereby finds and determines that the Project is categorically exempt from California Environmental Quality Act (Cal. Publ. Res. Code §§21000 et seq. “CEQA”) and CEQA Guidelines (14. Cal. Code Regs. §§15000 et seq.), specifically pursuant to Section 15301 (Class 1 – Existing Facilities), because the proposed project is an existing cannabis business that is operating within a fully developed site and building. The proposed amendment to the business’s development agreement would not result in new construction, additional square footage, or expansion of the existing use.

Section 3: That, in accordance with California Planning and Zoning Law and Section

19.12.080.B. of the LEMC, the Council makes the following findings regarding Development Agreement Amendment No. 2025-09:

1. It is consistent with the objectives, policies, general land uses, and programs specified in the General Plan and any applicable specific plan.

The proposed development agreement amendment will continue to help offset the potential costs incurred by the City associated with the establishment of a cannabis facility within an industrial district. The project site’s General Plan Land Use designation is Business Professional (BP). The proposed project is consistent with the BP land use designation and with the objectives, policies, general land uses, and programs specified in the General Plan.

2. It is compatible with the uses authorized in, and the regulations prescribed for, the land use district in which the real property is located.

The proposed amendment to the development agreement will continue to facilitate the establishment of the cannabis facility within an existing industrial building. The cannabis facility has been in operation, including manufacturing and storage uses, consistent with other similar businesses within the Business Professional (BP) General Plan Land use designation and the Limited Manufacturing (M-1) Zoning designation.

3. It is in conformity with public convenience, general welfare, and good land use practices.

Ord. No. 2025-1520

Page 3 of 4 ends

3 9
6 1
0 The existing cannabis facility has been operating in a manner that has not resulted in negative impacts on the public and its general welfare. The proposed development agreement amendment will ensure the cannabis facility continues to have beneficial impacts on the surrounding community. Furthermore, the project has been reviewed and conditioned by all applicable City departments to reduce the potential for any adverse effects.

4. It will not be detrimental to the health, safety, and general welfare.

The proposed amendment to the development agreement will not be detrimental to the health, safety, and general welfare of the community, as the existing cannabis facility has operated without negative impacts or concerns. The development agreement amendment will ensure the cannabis facility continues to operate safely. Furthermore, the proposed project has been reviewed and conditioned by all applicable City departments to reduce the potential for adverse effects on health, safety, and the general welfare.

5. It will not adversely affect the orderly development of property or the preservation of property values.

The cannabis facility is an existing business that has been operating without land-use issues and has not caused adverse impacts on existing businesses or future developments. The proposed amendment to the development agreement will ensure the cannabis facility continues to operate as such.

6. It is consistent with the provisions of Government Code Sections 65864 through 65869.5.

The proposed amendment to the development agreement includes all mandatory provisions required by Government Code § 65865.2 and does not include any provisions not authorized by the Development Agreement Act.

Section 4: Approval. The City Council hereby approves the Development Agreement Amendment No. 2025-09 attached hereto as Exhibit A, with the modifications approved by the City Attorney. The Mayor and City Clerk are hereby authorized and directed to execute and attest, respectively, the Development Agreement Amendment on behalf of the City of Lake Elsinore. The City Clerk is directed to transmit the Development Agreement Amendment to the County Recorder for recordation no later than ten (10) days after the adoption of this ordinance.

Section 5: Severability. If any provision of this Ordinance or its application is held invalid by a court of competent jurisdiction, such invalidity shall not affect other provisions, sections, or applications of the Ordinance which can be given effect without the invalid provision or application, and to this end each phrase, section, sentence, or word is declared to be severable.

Section 6: Effective Date. This Ordinance shall become effective at 12:01 a.m. on the thirty-first (31st) day after the date of adoption.

Section 7: Certification. The City Clerk shall certify to the passage of this Ordinance and shall cause a synopsis of the same to be published according to law Ord. No. 2025-1520

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6 1
0 PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, on this 28th day of October 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, do hereby certify that Ordinance No. 2025-1520 was introduced by the City Council of the City of Lake Elsinore, California, at the Regular meeting of October 14, 2025 and adopted at the Regular meeting of October 28, 2025 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

RECORDING REQUESTED BY
AND WHEN RECORDED MAIL TO:

City of Lake Elsinore
130 South Main Street
Lake Elsinore, CA 92530
Attn: City Clerk
(Space Above Line For Recorder’s Use Only)
(Exempt from Recording Fees Per Gov. Code § 27383)

FIRST AMENDMENT TO

DEVELOPMENT AGREEMENT

BY AND BETWEEN THE

CITY OF LAKE ELSINORE
AND

RAHMAN & ASSOCIATES LLC
Approved ___________ __, 2025
Ordinance No. 2025-_____
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FIRST AMENDMENT TO

DEVELOPMENT AGREEMENT

BY AND BETWEEN THE CITY OF LAKE ELSINORE
AND RAHMAN & ASSOCIATES LLC.

This First Amendment to Development Agreement (“First Amendment”), dated for identification only as of October __, 2025, is made by and between the City of Lake Elsinore, a California municipal corporation (“City”), and Rahman & Associates LLC, a California limited liability company (“Developer”). This Amendment shall take effect on the “Amendment Effective Date,” as this term is hereafter defined. City and Developer may each be referred to herein individually as a “Party” or collectively as the “Parties.”

RECITALS
A.On July 14. 2020, pursuant to Ordinance No. 2020-1434, the City approved and adopted that certain “Development Agreement by and between the City of Lake Elsinore and Rahman & Associates LLC,” which Development Agreement was recorded on February 8, 2023 in the Official Records of Riverside County, California as Instrument No. 2023-0036784 (the “Development Agreement”).

B.In connection with the Developer Agreement, Developer acquired an equitable interest in that certain real property located at (i) 233 West Minthorn Street, in the City of Lake Elsinore, County of Riverside, State of California, Assessor’s Parcel Number 377-220-024, which is within a manufacturing zoning district. The Site is more particularly described in the Legal Description attached hereto as Exhibit A, and the Site is attached hereto as Exhibit B.

C.The total Cannabis Retail Business Floor Area (as defined below) is [ ] sq. ft. The total Non-Retail Cannabis Business Floor Area (as defined below) is [ ] sq. ft. The Floor Plan depicting the total floor area is attached hereto as Exhibit C.

D.Developer affirms that it has an equitable interest in the Site, evidenced in writing with the Property Owner of the Site, RA & B Developments LLC, for the purpose of carrying out the Project.

E.The Property Owner have provided notarized written consent to the terms of this Amendment and the recordation thereof, attached hereto as Exhibit D.

F.Developer uses the Site for a Cannabis Business in accordance with California Cannabis Laws and the LEMC, as each may be amended from time to time (the “Project”).

G.On June 24, 2025, the City Council approved Ordinance No. 2025-1503 amending the Lake Elsinore Municipal Code (“LEMC”) Chapter 17.156 to: (i) streamline the regulation of cannabis-related business; (ii) to limit the number of cannabis-related business in the City.

H.To strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic risk of development, the California Legislature adopted Government Code section 65864 et seq. (the “Development Agreement Statute”), which authorizes the City and an individual with an interest in real property to enter into a development -2-
agreement that establishes certain development rights in real property that is subject to a development agreement application.

I.Consistent with the requirements of the Development Agreement Statute, the City adopted LEMC, Chapter 19.12 (“Development Agreement Ordinance”), authorizing the use of and establishing the procedures and requirements for the consideration of development agreements within the City along with amendments thereto. LEMC, Section 19.12.020, provides for amendments to a development agreement “is the same as the procedure for entering into an agreement in the first instance.” LEMC, Section 19.12.010 requires submittal of an application along with information and supporting data as requested by the Director of Community Development for consideration of any development agreement. Developer has satisfied this requirement.

J.On September 16, 2025, the City of Lake Elsinore Planning Commission held a duly noticed public hearing to consider the application for this First Amendment and recommended to the City Council approval of this Amendment.

K.On October ___, 2025, the City Council held a duly noticed public hearing to consider this First Amendment and found and determined that this First Amendment: (a) is consistent with the objectives, policies, general land uses, and programs specified in the City’s General Plan and any applicable specific plan; (b) is compatible with the uses authorized in, and the regulations prescribed for the Site and the surrounding area and will not adversely affect the orderly development of the Site or the preservation of property values; (c) is in conformity with public convenience, general welfare, and good land use practices; (d) will have an overall positive effect on the health, safety and welfare of the residents of and visitors to the City; and (e) constitutes a lawful, present exercise of the City’s police power and authority under the Development Agreement Statute and Development Agreement Ordinance.

L.Based on the findings set forth in Recital K herein, the City Council entered into this Amendment pursuant to and in compliance with the requirements of the Development Agreement Statute and the Development Agreement Ordinance; and did, therefore, in approving this Amendment introduce for first reading Ordinance No. 2025-___ (the “Enabling Ordinance”).

On October ___, 2025, the City Council conducted the second reading of the Enabling Ordinance, thereby approving this Amendment to become effective thirty (30) days after the adoption thereof.

NOW, THEREFORE, in consideration of the mutual terms, obligations, promises, covenants, and conditions contained herein and for other valuable consideration, the sufficiency of which is hereby acknowledged, the Parties, and each of them, agree as follows:

SECTION 1. EXHIBITS
The Development Agreement has attached to it four exhibits designated alphabetically as Exhibit A through Exhibit D. Exhibits A through D of the Development Agreement shall remain in full force and effect except to the extent that the provisions of this Section 1 of the Second Amendment modify those Exhibits.

The following documents are referred to in this Second Amendment, attached hereto and incorporated herein by this reference:
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Exhibit A Legal Description
Exhibit B Site Plan1
Exhibit C Floor Plan1
Exhibit D Property Owner’s Consent
1 The Approved Site Plan and Floor Plan exhibits are on file as a public record and available for review at the City of Lake Elsinore’s City Clerk’s Office located at 130 South Main Street, Lake Elsinore, CA 92530.

SECTION 2. REVISIONS TO DEFINITIONS
The words and phrases used in this Second Amendment as defined terms shall have the meaning set forth in Section 2 of the Development Agreement, except as added and/or modified below, which defined terms shall be applicable to both the Development Agreement and the Second Amendment.
“Amendment Effective Date” means the later of: (i) the latest date of execution shown on the signature page hereto; or (ii) the Effective Date of the Enabling Ordinance. The Amendment Effective Date does not amend the Effective Date as defined in the Development Agreement, nor does the Amendment Effective Date modify or change the “Term” or the “Term Commencement Date.”
“Cannabis Business License” or “Cannabis Business Permit” means the City license established and authorized by LEMC, Section 17.156.080, authorizing permissible Cannabis Business activity, which can only be issued upon City approval of a conditional use permit, development agreement, and Additional City Approvals for each proposed Cannabis Business activity project.
“Conditional Use Permit” means Conditional Use Permit No. 2018-05 issued by the City to Developer pertaining to Developer’s original development of the Project and any subsequent amendments thereto. In the event that an amendment to the Conditional Use Permit pertaining to the Suite G Site has not been issued to the Developer as of the Amendment Effective Date, the City hereby reserves its discretion under the police power to approve, conditionally approve, or deny the issuance of any amendment to the Conditional Use Permit. “Development Regulations” means the following regulations as they are in effect as of the Effective Date and to the extent they govern or regulate the development of the Site, but excluding any amendment or modification to the Development Regulations adopted, approved, or imposed after the Effective Date that impairs or restricts Developer’s rights set forth in this Agreement, unless such amendment or modification is expressly authorized by this Agreement or is agreed to by Developer in writing: the City’s General Plan; any existing Specific Plan that include the Site, and, to the extent not expressly superseded by this Agreement, all other land use and subdivision regulations governing the permitted uses, density and intensity of use for obtaining required City permits and approvals for development, and similar matters that may apply to development of the Project on the Site during the Term of this Agreement that are set forth in Title -4-
16 of the LEMC (Subdivisions), Title 17 of the LEMC (Zoning), except that Chapter 17.156 of Title 17 shall be as amended by Ordinance No. 2025-___, and Title 19 of the LEMC (Development). Notwithstanding the foregoing, the term “Development Regulations,” as used herein, does not include any City ordinance, resolution, code, rule, regulation, or official policy governing any of the following: (i) the conduct of businesses, professions, and occupations; (ii) taxes and assessments; (iii) the control and abatement of nuisances; (iv) the granting of encroachment permits and the conveyance of rights and interests which provide for the use of or the entry upon public property; (v) the exercise of the power of eminent domain; or (vi) the California Building Standards Codes.
“Cannabis Retail Business Floor Area” means interior gross floor area allocated and dedicated to the retail operation of a Cannabis Retail Business and shall include but not limited to reception or entrance lobby area for customer check-in, retail product storage room(s), office(s), and other ancillary area(s) to support the retail operation (including cannabis delivery). “Cannabis Non-Retail Business Floor Area” means interior gross floor area allocated and dedicated to the cannabis non-retail operation(s) of a Cannabis Non-Retail Business, such as cultivation, distribution, manufacturing, and/or testing laboratory, and shall include but not limited to storage room(s) of finished and raw products, office(s), and other ancillary area(s) to support the non-retail operation(s).

SECTION 3. REVISIONS TO GENERAL PROVISIONS
In order to update certain renumbering of the Lake Elsinore Municipal Code, subparts e and f of Section 1.8 of the Development Agreement entitled Termination are hereby amended to read as follows.
e. abandonment of the Developer’s Conditional Use Permit pursuant to LEMC, Section 17.415.070(D), including the failure of the Developer to commence operation of the Project on the Site within the time presented following the approval of the Conditional Use Permit;
f. suspension or revocation of Developer’s Conditional Use Permit pursuant to LEMC, Section 17.415.070(G);
In order to address the potential for Developer modifications to the square footage of area allocated to the Cannabis Retail Business and/or Cannabis Non-Retail Business, Section 1.9(a) of the Development Agreement entitled Operating Memoranda; Amendment of Agreement is hereby amended to read as follows.
a. Operating Memoranda. The provisions of this Agreement require a close degree of cooperation between the City and the Developer. The Development of the Developer Property may demonstrate that clarifications to this Agreement and the Existing Land Use Regulations are appropriate with respect to the details of performance of the City and the Developer. To the extent allowable by law, the Developer shall retain a certain degree of flexibility as provided herein with respect to all matters, items and provisions covered in general under this Agreement, except for those which relate to the (i) term; or (ii) permitted uses. When and if the -5-
Developer finds it necessary or appropriate to make changes, adjustments or clarifications to matters, items or provisions not enumerated in (i) through (ii) above, the Parties shall effectuate such changes, adjustments or clarifications through operating memoranda (the “Operating Memoranda”) approved by the Parties in writing which reference this Section 1.9(a). Operating Memoranda are not intended to constitute an amendment to this Agreement but mere ministerial clarifications; therefore public notices and hearings shall not be required. The City Manager shall be authorized, upon consultation with, and approval of, the Developer, to determine whether a requested clarification may be effectuated pursuant to this Section or whether the requested clarification is of such character to constitute an amendment to this Agreement which requires compliance with the provisions of Section 1.9(b) below. The Parties agree that proposed changes to the Cannabis Retail Business Floor Area and/or the Cannabis Non-Retail Business Floor Area may be addressed by way of an Operating Memoranda and shall generally include and be evidenced by an updated Floor Plan (Exhibit C) reflecting such changes.

SECTION 4. REVISIONS TO COMMUNITY BENEFITS FEE
Section 4.2 of the Development Agreement entitled Community Benefits Fee is hereby amended to add the following subparts c and d:
c.Community Benefits Fee Upon the Amendment Effective Date.

Notwithstanding subparts (a) and (b) above, concurrent with the Amendment Effective Date, and on each anniversary thereafter, Developer shall make payment to the City pursuant to the following fee schedule:

All Cannabis Business
activities
$[insert rate as of 6/30/25] per square foot
of area allocated to the Cannabis Retail
Business with an annual 4% increase but
in no event to exceed $25 per square foot;
and
$5 per square foot of area allocated to
Cannabis Non-Retail Business with no
annual increase as provided in subpart d.

Revised CBF for
Cannabis Retail:

The CBF rate for cannabis retail would be
capped at $25 per square foot. Once the
retail CBF rate reaches $25 per square
foot, the 4% annual increase will no longer
be applicable.
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Revised CBF for
Cannabis Non-Retail:

The CBF rate for cannabis non-retail
would be reduced to $5 per square foot
with no 4% annual increase.

CBF Payments: Cannabis businesses would now have the
option to pay their CBF payments in 12
(monthly) equal payments instead of a
lump sum payment annually (that was due
at the time of City business license
renewal).

Floor Area Definition: The definition of “floor area” is proposed to be revised to mean the interior gross
floor area square footage of a cannabis
facility. In addition, the definition would
be clarified to distinguish between
cannabis retail and non-retail business
floor areas. This revised definition is to
create a clear delineation between the
types of cannabis uses within a cannabis
facility for purposes of calculating a
cannabis business’ revised CBF.

Floor Plan Exhibit(s): An updated floor plan exhibit of the cannabis facility would be included to
provide a clear delineation between the
retail and non-retail floor areas.

Developer may elect to make payments of the Community Benefit Fee due on the Amendment Effective Date and each Adjustment Date (as defined herein) in up to 12 (monthly) equal installments, the first installment to be made on the Amendment Effective Date or Adjustment Date, as applicable. Installment payment plans shall be evidenced by separate agreements of the Parties.
d.Annual Increase. In order to account for the increasing cost of providing City services, the Community Benefits Fee set forth in Section 4.2(c) for any Cannabis Retail Business shall be increased annually commencing on each anniversary of the Amendment Effective Date (each of which day shall be continued to be referred to as an “Adjustment Date”) until said fee reaches $25 per square foot of Floor Area. Each Adjustment Date shall be continued to be numbered in sequence (e.g., Third Adjustment Date, Fourth Adjustment Date, etc.).

The annual increase shall not apply to the area allocated and dedicated to any Cannabis Non-Retail Business. Each such annual increase in the Community Benefits Fee shall be determined as follows:
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Article 4 of the Development Agreement is hereby amended to add the following Section

4.5:

4.5 Tax Payment and Facility Payment Offset.
a. In the event that the voters of the City of Lake Elsinore approve a Cannabis business tax or any percentage of gross receipts based fee, Developer shall pay the amount established by any such measure or initiative (“Tax Payment”) in accordance with any procedure so established by the City, provided, however, that Developer shall be entitled to an offset, dollar for dollar, of such Tax Payment against the Community Benefit Fee then owing or, alternatively, if the Community Benefit Fee then owing is insufficient to fully satisfy the offset as provided herein, such unsatisfied offset shall be a credit against the payment of any future Community Benefit Fee until such offset is fully satisfied. b. In the event that the voters of the City of Lake Elsinore or the City Council approve a fee based on the square footage of premises where permitted commercial cannabis activities, Developer shall pay the amount established thereby (“Facility Payment”) in accordance with any procedure so established by the City, provided, however, that Developer shall be entitled to an offset, dollar for dollar, of such Facility Payment against the Community Benefit Fee then owing or, alternatively, if the Community Benefit Fee then owing is insufficient to fully satisfy the offset as provided herein, such unsatisfied offset shall be a credit against the payment of any future Community Benefit Fee until such offset is fully satisfied.
c. Imposition of a Tax Payment and/or a Facility Payment obligation by the City or the voters of the City of Lake Elsinore shall not relieve Developer of its obligation to pay the Community Benefit Fee except for the offset as set forth in Sections 4.5.a, 4.5.b, 4.5.c, and 4.5.d above.

SECTION 5. ADDITIONAL PROVISIONS

5.1 Release. In consideration for this First Amendment and the provisions as set forth herein, and subject to the City Council approving/adopting this First Amendment Developer, on behalf of itself and its respective successors, assigns, officials, directors, officers, employees, insurers, lenders, lien holders, attorneys, agents, and other representatives, do hereby release the City as any and all claims, actions and causes of action, obligations, liabilities, indebtedness, breaches of duty, claims for injunctive and other equitable relief, suits, liens, losses, costs or expenses, including attorney’s fees, of any nature whatsoever, known or unknown, fixed or contingent as of the Amendment Effective Date.

5.2 Counterparts. This First Amendment may be executed in counterparts, each of which so executed shall be deemed an original, and such counterparts together shall constitute but one First Amendment.

5.3 No Other Changes. Except as modified by this First Amendment, the terms and conditions of the Original Development Agreement, remain in full force and effect and shall -8-
be incorporated as a part of and interpreted as one integrated agreement covering the subjects included therein. If there are any conflicts between the provisions of this First Amendment and the original Development Agreement, the provisions of this First Amendment shall control.

5.4 Recordation by City Clerk. Pursuant to Government Code Section 65868.5, within ten (10) days of execution of this First Amendment by the Parties, the City Clerk shall record a copy with the Riverside County Recorder. Thereafter, pursuant to Government Code Section 65868.5, the burdens of the First Amendment shall be binding upon, and the benefits of the agreement shall inure to, all successors in interest to the Parties to the First Amendment. [SIGNATURES ON NEXT PAGE]
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IN WITNESS WHEREOF, the Parties have executed this ______________ Amendment as of the dates set forth below.
“CITY”

CITY OF LAKE ELSINORE,
a municipal corporation
Date: By:

Mayor
ATTEST:

By:

Candice Alvarez, MMC, City Clerk
APPROVED AS TO FORM:

By:

David Mann, Acting City Attorney
“DEVELOPER”

RAHMAN & ASSOCIATES LLC,
a California limited liability company
Date: By:

Name: Belal I. Rahman
Its: Managing Member

STATE OF CALIFORNIA )
) §
County of )
On , before me, a
Notary Public, personally appeared who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

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EXHIBIT A

LEGAL DESCRIPTION
The real property referred to herein is situated in the County of Riverside, City of Lake Elsinore, State of California, and is described as follows:

LOT 1 THROUGH 10 INCLUSIVE IN BLOCK 2, WALL AND STARBIRDS RESUBDIVISION, AS SHOWN BY MAP ON FILE IN BOOK 10, PAGE 492 OF MAPS, RECORDS OF SAN DIEGO COUNTY, CALIFORNIA.

EXCEPTING THEREFROM THAT PORTION OF SAID LAND CONVEYED TO THE STATE OF CALIFORNIA, FOR HIGHWAY PURPOSES, BY DEEDS RECORDED JANUARY 10, 1957, IN BOOK 2022, PAGE 180, OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA, AND JANUARY 17, 1980 AS INSTRUMENT NO. 11030, OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.

ALSO EXCEPTING THEREFROM ANY PORTION OF SAID LAND LYING WITHIN COUNTY HIGHWAY ROUTE II, 60 FEET WIDE.
[APN 377-220-024]

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EXHIBIT B

SITE PLAN
[TO BE INSERTED]

Page 1 ends

EXHIBIT C

FLOOR PLAN
[Delineated to Show Cannabis Retail Business Area versus Non-Retail Area(s)] [TO BE INSERTED]

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EXHIBIT D
PROPERTY OWNER’S CONSENT
[ATTACHED]

Page 1 ends

Page 2 ends

PROPERTY OWNER’S CONSENT
__________________________, a California ________________, being the owner of the real properties described in Exhibit A to this ____________ Amendment to Development Agreement by and between the City of Lake Elsinore and ______________________, dated for identification as of ________________, 2025 (the “________ Amendment”), do hereby consent to the recordation of said ____________ Amendment in the Official Records of the County of Riverside. ____________________________,
a ___________________
Date: By:
_______________, Its: ____________
[notary required]

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct
WITNESS my hand and official seal.
________________________________
Signature of Notary
(Affix seal here)
A notary public or other officer completing this
certificate verifies only the identity of the individual who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or
validity of that document.
10)
Agreement with Imperial Catfish for Catfish Stocking
Approve and authorize the City Manager to execute a Contractor Service Agreement with Imperial Catfish for catfish stocking in an amount not to exceed $30,000.00 per year for three years, with two one-year extension options in such final form as approved by the City Attorney.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Johnathan Oliver Skinner, Director of Community Services Date:October 28, 2025
Subject:Agreement with Imperial Catfish for Catfish Stocking Recommendation
Approve and authorize the City Manager to execute a Contractor Service Agreement with Imperial Catfish for catfish stocking in an amount not to exceed $30,000.00 per year for three years, with two one-year extension options in such final form as approved by the City Attorney.

Background
Year after year, the number of anglers who venture to Lake Elsinore for fishing increases. The City of Lake Elsinore has implemented an aggressive fish stocking program with Largemouth Bass, Bluegill, Catfish, Crappie, and the very popular Wiper. Our great partner, Golden State Bait, is able to supply the lake with all the variety of fish species, all of standard sizes. In recent years, we researched other fisheries with larger Catfish to entice anglers to the Annual Dream Extreme Fishing Derby and the “Just 4 Kids” Fishing Derby. Imperial Catfish, from the Imperial Valley, California, met the need. In a recent stocking of catfish, we received the general 1-3 lb. sizes, but they were able to supply sizes up to 20 lbs. Imperial Catfish is also an approved fishery by the California Fish and Wildlife. The selected fish help balance the ecology of the lake and encourages recreational sports fishing year-round.

Discussion
The City has continued the process of identifying Golden State Bait, Inc. as our primary supplier that can meet the approved species needs for Lake Elsinore. With the addition of Imperial Catfish, it will only enhance fishing into the future.

Fiscal Impact
The annual purchase shall not exceed $30,000.00 and is budgeted in the Annual Launch Pointe Budget.

Agreement with Imperial Catfish

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Attachments
Attachment 1 - Agreement
Exhibit A - Scope of Work
Community Services

1.docxPage 1

AGREEMENT FOR CONTRACTOR SERVICES

IMPERIAL CATFISH

FISH STOCKING
This Agreement for Contractor Services (the “Agreement”) is made and entered into as of October 22, 2025, by and between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore, a public body, corporate and politic established pursuant to Section 34173 of the Health and Safety Code (‘‘Agency") and Imperial Catfish., a GC3, Limited Partnership ("Contractor").

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

Lighting Repair Services
B. Contractor has submitted to Agency a proposal, dated October 22, 2025, attached hereto as Exhibit A (“Contractor’s Proposal”) and incorporated herein, to provide contractor services to Agency pursuant to the terms of this Agreement.

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

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

AGREEMENT

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

2. Time of Performance.
a. Time of Essence. Time is of the essence in the performance of this Agreement. The time for completion of the professional services to be performed by Contractor is an essential condition of this Agreement. Contractor shall prosecute regularly and diligently the professional services contemplated pursuant to this Agreement according to the agreed upon performance schedule in Contractor’s Proposal (Exhibit A). b. Performance Schedule. Contractor shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services within the time period(s) established in the Contractor’s Proposal (Exhibit A). When requested by Contractor, extensions to the time period(s) specified may be approved in writing by the Executive Director.

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c. Term. Unless earlier terminated as provided elsewhere in this Agreement, this Agreement shall continue in full force and effect for a period commencing on October 22, 2025 and ending June 30, 2028. The City may, at its sole discretion, extend the term of this Agreement on a 12-month basis not to exceed 2 additional twelve (12) month renewal terms by giving written notice thereof to consultant not less than thirty (30) days before the end of the contract term, such notice to be exercised by the City Manager.

3. Compensation. Compensation to be paid to Contractor shall be in accordance with the fees set forth in Contractors’ Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Contractor’s compensation exceed Thirty Thousand dollars ($30,000) without additional written authorization from the Agency.

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

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

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

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

Contractor shall not use that personnel to perform work required by this Agreement, and if necessary, shall replace him or her with a suitable worker.

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

Page 3 ends

7. Plans, Studies, Documents.
a. Ownership of Documents. All plans, studies, documents and other writings prepared by and for Contractor, its officers, employees and agents and subcontractors in the course of implementing this Agreement, except working notepad internal documents, shall become the property of the Agency upon payment to Contractor for such work, and the Agency shall have the sole right to use such materials in its discretion without further compensation to Contractor or to any other party. Contractor shall, at Contractor’s expense, provide such reports, plans, studies, documents and other writings to Agency upon written request. Agency shall have sole determination of the public’s rights to documents under the Public Records Act, and any third-party requests of Contractor shall be immediately referred to Agency, without any other actions by Contractor.
b. Licensing of Intellectual Property. This Agreement creates a nonexclusive and perpetual license for Agency to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Contractor under this Agreement ("Documents & Data"). Contractor shall require that all subcontractors agree in writing that Agency is granted a nonexclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Contractor represents and warrants that Contractor has the legal right to license any and all Documents & Data. Contractor makes no such representation and warranty in regard to Documents & Data which were prepared by design professionals other than Contractor or provided to Contractor by the Agency. Agency shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at Agency’s sole risk. c. Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents & Data either created by or provided to Contractor in connection with the performance of this Agreement shall be held confidential by Contractor. Such materials shall not, without the prior written consent of Agency, be used by Contractor for any purposes other than the performance of the services under this Agreement. Nor shall such materials be disclosed to any person or entity not connected with the performance of the services under this Agreement.

Nothing furnished to Contractor which is otherwise known to Contractor or is generally known, or has become known, to the related industry shall be deemed confidential. Contractor shall not use Agency’s name or insignia, photographs relating to project for which Contractor’s services are rendered, or any publicity pertaining to the Contractor’s services under this Agreement in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of Agency.

8. Contractor’s Books and Records.
a. Contractor shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services, or expenditures and disbursements charged to Agency for a minimum period of three (3) years, or for any longer period required by law, from the date of final payment to Contractor to this Agreement.

Page 4 ends

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

Access to such records and documents shall be granted to any party authorized by Contractor, Contractor’s representatives, or Contractor’s successor-in-interest.

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

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

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

Page 5 ends

by this Agreement or any other source of income, interest in real property or investment which would be affected in any manner or degree by the performance of Contractor’s services hereunder. Contractor further covenants and represents that in the performance of its duties hereunder no person having any such interest shall perform any services under this Agreement.

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

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

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

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

15. Indemnity. Contractor shall indemnify, defend, and hold harmless the Agency and its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of 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

Page 6 ends

violation of law arises from the sole negligence or willful misconduct of the Agency or its officers, employees, agents, or volunteers and (2) the actions of Contractor or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to property, or violation of law. It is understood that the duty of Contractor to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by Agency 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.

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

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Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement may be attached limiting the coverage.
iv. Professional Liability Coverage. Contractor shall maintain professional errors and omissions liability insurance appropriate for Contractor’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Contractor’s services under this Agreement, whether such services are provided by the Contractor or by its employees, subcontractors, or sub consultants. The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single limit per occurrence basis. b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A:VII and shall be endorsed with the following specific language:
i. Notwithstanding any inconsistent statement in any required insurance policies or any subsequent endorsements attached thereto, the protection offered by all policies, except for Workers’ Compensation, shall bear an endorsement whereby it is provided that, the Agency and its officers, employees, servants, volunteers and agents and independent contractors, including without limitation, the Executive Director and Agency Attorney, are named as additional insureds. Additional insureds shall be entitled to the full benefit of all insurance policies in the same manner and to the same extent as any other insureds and there shall be no limitation to the benefits conferred upon them other than policy limits to coverages.
ii. This policy shall be considered primary insurance as respects the Agency, its elected or appointed officers, officials, employees, agents and volunteers. Any insurance maintained by the Agency, including any self-insured retention the Agency 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 Agency, 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 Agency, 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 Agency.

Page 8 ends

c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the Agency. At the Agency’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 Agency as evidence of the insurance coverage required herein.

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

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

If to Agency: Successor Agency of the Redevelopment Agency of the City of Lake Elsinore
Attn: Executive Director
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: Imperial Catfish
Attn: Craig Elliot- Owner
2230 NORCO DR
PO Box 808
NORCO, CA 92860

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

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

20. Litigation Expenses and Attorneys’ Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing

Page 9 ends

party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys’ fees.

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

22. Prohibited Interests. 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, Agency shall have the right to rescind this Agreement without liability. For the term of this Agreement, no member, officer or employee of Agency, during the term of his or her service with Agency, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

23. 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.

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

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

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

26. Controlling Law Venue. This Agreement and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this Agreement shall be held exclusively in a state court in the County of Riverside.

Page 10 ends

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

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

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

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

Page 10 ends

Page 11 ends

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“AGENCY”

SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE, a public body,
corporate and politic
Executive Director
ATTEST:

Agency Clerk
APPROVED AS TO FORM:

Agency Attorney
Assistant Executive Director
“CONTRACTOR”
Imperial Catfish, a GC3, Limited Partnership
By: Craig Elliot
Its: Owner
Attachments: Exhibit A – Contractor’s Proposal
Exhibit B – List of Subcontractors

Page 11 ends

EXHIBIT A

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT A

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]

ImperialCatfish.com

GC3 Limited Partnership, DBA Imperial Catfish
P.O. Box 188, Imperial, CA 92251
[email protected]

Scope of Service

GC3 Limited Partnership, dba: Imperial Catfish Farm is happy to supply and deliver the City of Elsinore with the best quality live catfish available for stocking into Lake Elsinore.

The channel catfish will vary in size from 1.5 pounds to 3 pounds in the typical deliveries. Larger “Trophy Size” catfish can also be delivered, all subject to inventory availability.

The minimum delivery amount is 1000 pounds and the price is the same as last year, $5 per pound. In the following years the price may be subject to an adjustment based upon the local CPI and that adjustment, will be subject to approval by the City of Elsinore.

Respectfully,

Craig Elliott, Partner
714.343.0728
[email protected]

11)
HSIP Cycle 12 Railroad Canyon Road Safety Improvement Supplement Agreement No. F012 for Federal Aid Project HSIPL-5074(023) to the Administering Agency-state Master Agreement 08-5074F15

1. Adopt

RESOLUTION

THE

CITY

COUNCIL

THE

CITY

LAKE

ELSINORE,

CALIFORNIA,

APPROVING

AND

AUTHORIZING

EXECUTION

THE

FEDERAL

AID

PROGRAM

SUPPLEMENT

AGREEMENT

NO.

F012

THE

ADMINISTERING

AGENCY-STATE

MASTER

AGREEMENT

NO.

08-5074F15

WITH

THE

STATE

CALIFORNIA

DEPARTMENT

TRANSPORTATION

FOR

THE

CITY

PROJECT

HSIP
CYCLE 12 RAILROAD CANYON ROAD SAFETY IMPROVEMENT PROJECT; and,

2. Authorize

the

City

Manager

sign

HSIPL-5074(023)

Railroad

Canyon

Road

Safety
Improvement

Program

Supplement

No.

F012

the

Administering

Agency-State

Master
Agreement

No.

08-5074F15

and

all

subsequent

HSIPL-5074(023)

Railroad

Canyon
Road Safety Improvement project-specific Program Supplement Agreements; and

3. Authorize

City

Clerk

return

the

signed

agreement,

duplicate,

the

California
Department of Transportation Office of Local Programs for execution.

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:October 28, 2025
Subject:HSIP Cycle 12 Railroad Canyon Road Safety Improvement Supplement Agreement No. F012 for Federal Aid Project HSIPL-5074(023) to the Administering Agency-state Master Agreement 08-5074F15
Recommendation

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

CALIFORNIA, APPROVING AND AUTHORIZING EXECUTION OF THE FEDERAL AID PROGRAM SUPPLEMENT AGREEMENT NO. F012 TO THE ADMINISTERING AGENCY- STATE MASTER AGREEMENT NO. 08-5074F15 WITH THE STATE OF CALIFORNIA DEPARTMENT OF TRANSPORTATION FOR THE CITY PROJECT HSIP CYCLE 12 RAILROAD CANYON ROAD SAFETY IMPROVEMENT PROJECT; and,

2. Authorize the City Manager to sign HSIPL-5074(023) Railroad Canyon Road Safety Improvement Program Supplement No. F012 to the Administering Agency-State Master Agreement No. 08-5074F15 and all subsequent HSIPL-5074(023) Railroad Canyon Road Safety Improvement project-specific Program Supplement Agreements; and

3. Authorize City Clerk to return the signed agreement, in duplicate, to the California Department of Transportation Office of Local Programs for execution.

Background
The Highway Safety Improvement Program (HSIP) is a federal-aid program for States to reduce fatalities and serious injuries on public roads. California Department of Transportation (Caltrans) manages the share of local agency HSIP funds. Funds are provided to local agencies to construct or install measures to reduce the number and severity of collisions. HSIP projects are identified based on historical crash data, crash rates, and other data, and the City has approved the Local Road Safety Plan on February 27, 2024.

HSIP Cycle 12 PSA

Page 2 of 2 ends

The City applied for HSIP Cycle 12 funding in 2024 and was awarded $350,000 for environmental studies and engineering design for Railroad Canyon Road safety improvements between Grape Street and Canyon Hills Road. As shown in the Supplement Agreement, the City will reimburse 90%, and the remaining 10% will be funded from local funds. The City has now received Caltrans authorization to proceed with environmental and design work.

Discussion
As the State agency is responsible for the administration of the federal-aid funds, Caltrans has prepared and provided to the City for approval and execution of Program Supplement No. F012, which provides for payment of authorized project expenses from the federal-aid funds. The work for environmental studies and engineering design will be done through a competitive bidding process with qualified firms.

Fiscal Impact
Funding for this project has been allocated within the CIP budget.

Attachments
Attachment 1 - Resolution
Attachment 2 - Supplement Agreement
Engineering
RESOLUTION NO. 2025-___

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

CALIFORNIA, APPROVING AND AUTHORIZING EXECUTION OF PROGRAM SUPPLEMENT AGREEMENT NO. F012 TO THE ADMINISTERING AGENCY- STATE MASTER AGREEMENT NO. 08-5074F15 WITH THE STATE OF

CALIFORNIA DEPARTMENT OF TRANSPORTATION FOR THE CITY
PROJECT, HSIP CYCLE 12 RAILROAD IMPROVEMENT PROJECT
Whereas , before federal-aid will be made available for the HSIP Cycle 12 Railroad Canyon Road Improvement Project, the local public agency (Administering Agency) and State are required to enter into an agreement relative to the prosecution of said project and maintenance of the completed facility; and
Whereas, the City has received authorization for federal-aid in the sum of $350,000 for the Preliminary Engineering phase of the HSIP Cycle 12 Railroad Canyon Road Improvement Project; and
Whereas, State of California Department of Transportation (Caltrans) is the State of California agency responsible for administration of federal-aid funds; and Whereas , Caltrans has provided to the City for approval and execution of Program Supplement Agreement No. F012 providing for disbursement of federal-aid funding for the HSIP Cycle 12 Railroad Canyon Road Improvement Project.

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

Section 1. The City Council hereby approves “Program Supplement Agreement No.

F012” to the Administering Agency-State Agreement No. 08-5074F15.

Section 2. The City Council hereby authorizes the City Manager to sign the “Program Supplement No. F012 and all subsequent project specific Program Supplements to said Agreement.

Section 3. The City Council hereby authorizes the City Clerk to return the signed agreement, in duplicate, to Caltrans Office of Local Programs for execution.

Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this ____ day of October 2025.

Brian Tisdale, Mayor
CC Reso. No. 2025-___

Page 2 ends

Attest:
___________________________________
Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )

I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2025-____ was adopted by the City Council of the City of Lake Elsinore, California, at the regular meeting of October __, 2025, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk
F012
FOR FEDERAL-AID PROJECTS NO 08-5074F15
0826000009
September 12, 2025
08-RIV-0-ESN
HSIPL-5074(023)
5074
This Program Supplement hereby adopts and incorporates the Administering Agency-State Agreement for Federal Aid which was entered into between the Administering Agency and the State on 01/09/2017 and is subject to all the terms and conditions thereof. This Program Supplement is executed in accordance with Article I of the aforementioned Master Agreement under authority of Resolution No. approved by the Administering Agency on (See copy attached).

The Administering Agency further stipulates that as a condition to the payment by the State of any funds derived from sources noted below obligated to this PROJECT, the Administering Agency accepts and will comply with the special covenants or remarks set forth on the following pages.

Railroad Canyon Road from Summerhill Drive/Grape Street to Eastern City Boundary.

Relocate utility poles and install guardrails, install HFST, LED beacon, and improve signal hardware

0.0(MILES)
Federal FundsEstimated Cost Matching Funds
YS30 $315,000.00

CITY OF LAKE ELSINORE
By ________________________________ By ________________________________ Title _______________________________
Date _______________________________
Attest _______________________________ Date _______________________________ Division of Local Assistance
I hereby certify upon my personal knowledge that budgeted funds are available for this encumbrance:

Accounting Officer _______________________ Date _______________ PROGRAM SUPPLEMENT NO.
to

ADMINISTERING AGENCY-STATE AGREEMENT
Adv. Project ID Date:

Location:

Project Number:

E.A. Number:

Locode:

PROJECT LOCATION:

TYPE OF WORK: LENGTH:

LOCAL OTHER
$350,000.00 $35,000.00 $0.00
Chief, Office of Project Management Oversight

STATE OF CALIFORNIA
Department of Transportation
$315,000.00

Page 1 of 7 ends

9/12/2025

SPECIAL COVENANTS OR REMARKS
08-RIV-0-ESN
HSIPL-5074(023)

1. A. The ADMINISTERING AGENCY will advertise, award and administer this project in accordance with the current published Local Assistance Procedures Manual.

B. ADMINISTERING AGENCY agrees that it will only proceed with work authorized for specific phase(s) with an "Authorization to Proceed" and will not proceed with future phase(s) of this project prior to receiving an "Authorization to Proceed" from the STATE for that phase(s) unless no further State or Federal funds are needed for those future phase(s).

C. STATE and ADMINISTERING AGENCY agree that any additional funds which might be made available by future Federal obligations will be encumbered on this PROJECT by use of a STATE-approved "Authorization to Proceed" and Finance Letter. ADMINISTERING AGENCY agrees that Federal funds available for reimbursement will be limited to the amounts obligated by the Federal Highway Administration.

D. Award information shall be submitted by the ADMINISTERING AGENCY to the District Local Assistance Engineer within 60 days of project contract award and prior to the submittal of the ADMINISTERING AGENCY'S first invoice for the construction contract.

Failure to do so will cause a delay in the State processing invoices for the construction phase.

Attention is directed to Section 15.6 "Award Package" of the Local Assistance Procedures Manual.

E. ADMINISTERING AGENCY agrees, as a minimum, to submit invoices at least once every six months commencing after the funds are encumbered for each phase by the execution of this Project Program Supplement Agreement, or by STATE's approval of an applicable Finance Letter. STATE reserves the right to suspend future authorizations/obligations for Federal aid projects, or encumbrances for State funded projects, as well as to suspend invoice payments for any on-going or future project by ADMINISTERING AGENCY if PROJECT costs have not been invoiced by ADMINISTERING AGENCY for a six-month period.

If no costs have been invoiced for a six-month period, ADMINISTERING AGENCY agrees to submit for each phase a written explanation of the absence of PROJECT activity along with target billing date and target billing amount.

ADMINISTERING AGENCY agrees to submit the final report documents that collectively constitute a "Report of Expenditures" within one hundred eighty (180) days of PROJECT completion. Failure of ADMINISTERING AGENCY to submit a "Final Report of Expenditures" within 180 days of PROJECT completion will result in STATE imposing sanctions upon ADMINISTERING AGENCY in accordance with the current Local Assistance Procedures Manual.
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F. Administering Agency shall not discriminate on the basis of race, religion, age, disability, color, national origin, or sex in the award and performance of any Federal-assisted contract or in the administration of its DBE Program Implementation Agreement. The Administering Agency shall take all necessary and reasonable steps under 49 CFR Part 26 to ensure nondiscrimination in the award and administration of Federal-assisted contracts. The Administering Agency's DBE Implementation Agreement is incorporated by reference in this Agreement. Implementation of the DBE Implementation Agreement, including but not limited to timely reporting of DBE commitments and utilization, is a legal obligation and failure to carry out its terms shall be treated as a violation of this Agreement. Upon notification to the Administering Agency of its failure to carry out its DBE Implementation Agreement, the State may impose sanctions as provided for under 49 CFR Part 26 and may, in appropriate cases, refer the matter for enforcement under 18 U.S.C. 1001 and/or the Program Fraud Civil Remedies Act of 1986 (31 U.S.C. 3801 et seq.).

G. Any State and Federal funds that may have been encumbered for this project are available for disbursement for limited periods of time. For each fund encumbrance the limited period is from the start of the fiscal year that the specific fund was appropriated within the State Budget Act to the applicable fund Reversion Date shown on the State approved project finance letter. Per Government Code Section 16304, all project funds not liquidated within these periods will revert unless an executed Cooperative Work Agreement extending these dates is requested by the ADMINISTERING AGENCY and approved by the California Department of Finance.

ADMINISTERING AGENCY should ensure that invoices are submitted to the District Local Assistance Engineer at least 75 days prior to the applicable fund Reversion Date to avoid the lapse of applicable funds. Pursuant to a directive from the State Controller's Office and the Department of Finance; in order for payment to be made, the last date the District Local Assistance Engineer can forward an invoice for payment to the Department's Local Programs Accounting Office for reimbursable work for funds that are going to revert at the end of a particular fiscal year is May 15th of the particular fiscal year. Notwithstanding the unliquidated sums of project specific State and Federal funding remaining and available to fund project work, any invoice for reimbursement involving applicable funds that is not received by the Department's Local Programs Accounting Office at least 45 days prior to the applicable fixed fund Reversion Date will not be paid. These unexpended funds will be irrevocably reverted by the Department's Division of Accounting on the applicable fund Reversion Date.

H. As a condition for receiving federal-aid highway funds for the PROJECT, the Administering Agency certifies that NO members of the elected board, council, or other key decision makers are on the Federal Government Exclusion List. Exclusions can be found at www.sam.gov. 3Page of 7Program Supplement 08-5074F15-F012- ISTEA

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2. A. ADMINISTERING AGENCY shall conform to all State statutes, regulations and procedures (including those set forth in the Local Assistance Procedures Manual and the Local Assistance Program Guidelines, hereafter collectively referred to as "LOCAL ASSISTANCE PROCEDURES") relating to the federal-aid program, all Title 23 Code of Federal Regulation (CFR) and 2 CFR Part 200 federal requirements, and all applicable federal laws, regulations, and policy and procedural or instructional memoranda, unless otherwise specifically waived as designated in the executed project-specific PROGRAM SUPPLEMENT.

B. Invoices shall be formatted in accordance with LOCAL ASSISTANCE PROCEDURES.

C. ADMINISTERING AGENCY must have at least one copy of supporting backup documentation for costs incurred and claimed for reimbursement by ADMINISTERING AGENCY. ADMINISTERING AGENCY agrees to submit supporting backup documentation with invoices if requested by State. Acceptable backup documentation includes, but is not limited to, agency's progress payment to the contractors, copies of cancelled checks showing amounts made payable to vendors and contractors, and/or a computerized summary of PROJECT costs.

D. Indirect Cost Allocation Plan/Indirect Cost Rate Proposals (ICAP/ICRP), Central Service Cost Allocation Plans and related documentation are to be prepared and provided to STATE (Caltrans Audits & Investigations) for review and approval prior to ADMINISTERING AGENCY seeking reimbursement of indirect costs incurred within each fiscal year being claimed for State and federal reimbursement. ICAPs/ICRPs must be prepared in accordance with the requirements set forth in 2 CFR, Part 200, Chapter 5 of the Local Assistance Procedural Manual, and the ICAP/ICRP approval procedures established by STATE.

E. STATE will withhold the greater of either two (2) percent of the total of all federal funds encumbered for each PROGRAM SUPPLEMENT or $40,000 until ADMINISTERING AGENCY submits the Final Report of Expenditures for each completed PROGRAM SUPPLEMENT PROJECT.

F. Payments to ADMINISTERING AGENCY for PROJECT-related travel and subsistence (per diem) expenses of ADMINISTERING AGENCY forces and its contractors and subcontractors claimed for reimbursement or as local match credit shall not exceed rates authorized to be paid rank and file STATE employees under current State Department of Personnel Administration (DPA) rules. If the rates invoiced by ADMINISTERING AGENCY are in excess of DPA rates, ADMINISTERING AGENCY is responsible for the cost difference, and any overpayments inadvertently paid by STATE shall be reimbursed to STATE by ADMINISTERING AGENCY on demand within thirty (30) days of such invoice. 4Page of 7Program Supplement 08-5074F15-F012- ISTEA

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G. ADMINISTERING AGENCY agrees to comply with 2 CFR, Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirement for Federal Awards.

H. ADMINISTERING AGENCY agrees, and will assure that its contractors and subcontractors will be obligated to agree, that Contract Cost Principles and Procedures, 48 CFR, Federal Acquisition Regulations System, Chapter 1, Part 31, et seq., shall be used to determine the allowability of individual PROJECT cost items.

I. Every sub-recipient receiving PROJECT funds under this AGREEMENT shall comply with 2 CFR, Part 200, 23 CFR, 48 CFR Chapter 1, Part 31, Local Assistance Procedures, Public Contract Code (PCC) 10300-10334 (procurement of goods), PCC 10335-10381 (non-A&E services), and other applicable STATE and FEDERAL regulations.

J. Any PROJECT costs for which ADMINISTERING AGENCY has received payment or credit that are determined by subsequent audit to be unallowable under 2 CFR, Part 200, 23 CFR, 48 CFR, Chapter 1, Part 31, and other applicable STATE and FEDERAL regulations, are subject to repayment by ADMINISTERING AGENCY to STATE.

K. STATE reserves the right to conduct technical and financial audits of PROJECT WORK and records and ADMINISTERING AGENCY agrees, and shall require its contractors and subcontractors to agree, to cooperate with STATE by making all appropriate and relevant PROJECT records available for audit and copying as required by the following paragraph:

ADMINISTERING AGENCY, ADMINISTERING AGENCY'S contractors and subcontractors, and STATE shall each maintain and make available for inspection and audit by STATE, the California State Auditor, or any duly authorized representative of STATE or the United States all books, documents, papers, accounting records, and other evidence pertaining to the performance of such contracts, including, but not limited to, the costs of administering those various contracts and ADMINISTERING AGENCY shall furnish copies thereof if requested.

All of the above referenced parties shall make such AGREEMENT, PROGRAM SUPPLEMENT, and contract materials available at their respective offices at all reasonable times during the entire PROJECT period and for three (3) years from the date of submission of the final expenditure report by the STATE to the FHWA.

L. ADMINISTERING AGENCY, its contractors and subcontractors shall establish and maintain a financial management system and records that properly accumulate and segregate reasonable, allowable, and allocable incurred PROJECT costs and matching funds by line item for the PROJECT. The financial management system
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of ADMINISTERING AGENCY, its contractors and all subcontractors shall conform to Generally Accepted Accounting Principles, enable the determination of incurred costs at interim points of completion, and provide support for reimbursement payment vouchers or invoices set to or paid by STATE.

M. ADMINISTERING AGENCY is required to have an audit in accordance with the Single Audit Act of 2 CFR 200 if it expends $750,000 or more in Federal Funds in a single fiscal year of the Catalogue of Federal Domestic Assistance.

N. ADMINISTERING AGENCY agrees to include all PROGRAM SUPPLEMENTS adopting the terms of this AGREEMENT in the schedule of projects to be examined in ADMINISTERING AGENCY's annual audit and in the schedule of projects to be examined under its single audit prepared in accordance with 2 CFR, Part 200.

O. ADMINISTERING AGENCY shall not award a non-A&E contract over $5,000, construction contracts over $10,000, or other contracts over $25,000 [excluding professional service contracts of the type which are required to be procured in accordance with Government Code sections 4525 (d), (e) and (f)] on the basis of a noncompetitive negotiation for work to be performed under this AGREEMENT without the prior written approval of STATE. Contracts awarded by ADMINISTERING AGENCY, if intended as local match credit, must meet the requirements set forth in this AGREEMENT regarding local match funds.

P. Any subcontract entered into by ADMINISTERING AGENCY as a result of this AGREEMENT shall contain provisions B, C, F, H, I, K, and L under Section 2 of this agreement.

3. Appendix E of the Title VI Assurances (US DOT Order 1050.2A) During the performance of this agreement, the ADMINISTERING AGENCY, ADMINISTERING AGENCY'S contractors and subcontractor, (hereinafter referred to as the "contractor") agrees to comply with the following nondiscrimination statutes and authorities; including but not limited to:

Pertinent Nondiscrimination Authorities:

A. Title VI of the Civil Rights Act of 1964 (42 U.S.C. 2000d et seq., 78 stat. 252), (prohibits discrimination on the basis of race, color, national origin); and 49 CFR Part 21.

B. The Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, (42 U.S.C. 4601), (prohibits unfair treatment of persons displaced or whose property has been acquired because of Federal or Federal-aid programs and projects); C. Federal-Aid Highway Act of 1973, (23 U.S.C. 324 et seq.), (prohibits discrimination on the basis of sex);
D. Section 504 of the Rehabilitation Act of 1973, (29 U.S.C. 794 et seq.), as 6Page of 7Program Supplement 08-5074F15-F012- ISTEA

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amended, (prohibits discrimination on the basis of disability); and 49 CFR Part 27; E. The Age Discrimination Act of 1975, as amended, (42 U.S.C. 6101 et seq.), (prohibits discrimination on the basis of age);
F. Airport and Airway Improvement Act of 1982, (49 U.S.C. 4 71, Section 4 7123), as amended, (prohibits discrimination based on race, creed, color, national origin, or sex); G. The Civil Rights Restoration Act of 1987, (PL 100-209), (Broadened the scope, coverage and applicability of Title VI of the Civil Rights Act of 1964, The Age Discrimination Act of 1975 and Section 504 of the Rehabilitation Act of 1973, by expanding the definition of the terms "programs or
activities" to include all of the programs or activities of the Federal-aid recipients, subrecipients and contractors, whether such programs or activities are Federally funded or not);
H. Titles II and III of the Americans with Disabilities Act, which prohibit discrimination on the basis of disability in the operation of public entities, public and private transportation systems, places of public accommodation, and certain testing entities (42 U.S.C. 12131-12189) as implemented by Department of Transportation regulations at 49 C.F.R. parts 37 and 38; I. The Federal Aviation Administration's Nondiscrimination statute (49 U.S.C. 47123) (prohibits discrimination on the basis of race, color, national origin, and sex); J. Executive Order 13166, Improving Access to Services for Persons with Limited English Proficiency, and resulting agency guidance, national origin discrimination includes discrimination because of limited English proficiency (LEP). To ensure compliance with Title VI, you must take reasonable steps to ensure that LEP persons have meaningful access to your programs (70 Fed. Reg. at 74087 to 74100);
K. Title IX of the Education Amendments of 1972, as amended, which prohibits you from discriminating because of sex in education programs or activities (20 U.S.C. 1681 et seq).

4. In the event that construction of this project of the initial federal authorization for right of way is not started by the close of the twentieth fiscal year following the fiscal year in which the right of way is authorized, the ADMINISTERING AGENCY shall repay the Federal Highway Administration through Caltrans the sum of Federal funds paid under the terms of this agreement.

Authorizing the ROW phase of a project as Advance Construction does not exempt the project from the provisions of 23 U.S.C. 108(a)(2), and 23 CFR 630.112(c)(1). 7Page of 7Program Supplement 08-5074F15-F012- ISTEA
12)
Parcel Map No. 38341, Fairway Business Park Phase III

1. Approve

Parcel

Map

No.

38341,

subject

the

City

Engineer’s

acceptance

being
true and correct

2. Authorize the City Clerk to sign the map and arrange for its recordation; and

3. Authorize

the

City

Manager

execute

the

Construction

Agreement

for

Street
Improvements and 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:October 28, 2025
Subject: Parcel Map No. 38341, Fairway Business Park Phase III Recommendation

1. Approve Parcel Map No. 38341, subject to the City Engineer’s acceptance as being true and correct

2. Authorize the City Clerk to sign the map and arrange for its recordation; and

3. Authorize the City Manager to execute the Construction Agreement for Street Improvements and Monumentation.

Background
Fairway Business Park III project is located adjacent to the Lake Elsinore Outlet Channel and bounded by Birch Street to the north, and Chaney Street to the south. Parcel Map No. 38341 proposes to subdivide five (5) existing lots totaling 8.79-acres into six (6) lots ranging in size from approximately 0.76-acres to 2.49-acres. The project proposes to construct six (6) industrial buildings ranging in size from 12,000 square feet to 42,000 square feet (149,500 square feet total). All future public improvements have been secured.

Discussion
Per Subdivision Map Act 66474.1, Parcel Map No. 38341 has been reviewed and has been determined that it is in substantial conformance to the previously approved Tentative Parcel Map No. 38341. All Conditions of Approval relative to the parcel 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.

Parcel Map No. 38341

Page 2 of 2 ends

Attachments
Attachment 1 - Final Boundary Map
Attachment 2 - Vicinity Map
Attachment 3 – Construction Agreements
THIRD ST.PASADENA ST. BIRCH ST.

PARCEL MAP NO. 38341

VICINITY MAP

SURVEY PROCEDURE

CHANEY STREET

13)
Amendment No. 1 to the Professional Services Agreement with HELIX Environmental Planning, Inc. for Environmental Services for the Murrieta Creek Multi-Use Trail Project
Approve and authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with HELIX Environmental Planning, Inc. in the amount of $639,600 plus 10% contingency for additional services to complete revegetation, rehabilitation, and monitoring of habitat for the Murrieta Creek Multi-use Trail Project for a total contract amount not to exceed $970,700, in such final form as approved by the City Attorney.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Yu Tagai, City Engineer
Date:October 28, 2025
Subject:Amendment No. 1 to the Professional Services Agreement with HELIX Environmental Planning, Inc. for Environmental Services for the Murrieta Creek Multi-Use Trail Project
Recommendation
Approve and authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with HELIX Environmental Planning, Inc. in the amount of $639,600 plus 10% contingency for additional services to complete revegetation, rehabilitation, and monitoring of habitat for the Murrieta Creek Multi-use Trail Project for a total contract amount not to exceed $970,700, in such final form as approved by the City Attorney.

Background
In 2019, the City applied for and was awarded the Active Transportation Program Cycle 4 grant to design and construct the Murrieta Creek Multi-Use Trail extending between Skylark Drive and the Lake Levee Trail. Murrieta Creek Trail is a multi-jurisdictional, active transportation trail consistent with the City’s General Plan and East Lake Specific Plan adopted in 2017.

Construction contract for the project was awarded on August 12, 2025, with a Notice to Proceed date scheduled for October 27, 2025. Construction is anticipated to be completed in Fall of 2026.

HELIX Environmental Planning, Inc. (HELIX) was the lead environmental consultant for the environmental document approval and final engineering phases. HELIX is providing environmental services as part of the construction phase of the project, which consists of pre- construction surveys, environmental monitoring, implementation, maintenance, and monitoring of restoration and revegetation of temporarily and permanently impacted areas.

MCT Environmental Services

Page 2 of 2 ends

Discussion
As requirements of regulatory permitting agencies, the project is required to mitigate for the temporary and permanent project impacts, which includes 0.046 acres of impacts to the Regional Water Quality Control Board (RWQCB) jurisdictional area, and Western Riverside County Multiple Species Habitat Conservation (MSHCP) revegetation area of 2.63 acres and least Bell‘s vireo (LBVI) mitigation area of 0.41 acres. The scope of work would be completed over five years.

The scope of work includes the following:
Biological Monitoring of the RWQCB Area for a Two-Year Period Biological Monitoring of the MSHCP and LBVI Mitigation areas for a Five-Year Period Development of irrigation plans for the 0.35 LBVI mitigation area Restoration/Revegetation Installation and mobilization RWQCB Mitigation Area Seed Installation and Mitigation Area Maintenance LBVI Mitigation Area Plant and Seed Installation, Handing Watering, and Area Maintenance
MSHCP Revegetation Area Seed Installation and Maintenance Easement Coordination and Support
MSHCP Revegetation Area Hand Watering (Optional Task)
LBVI Mitigation Area Fine Grading (Optional Task)
Fiscal Impact
Amendment No. 1 will result into a cost of $639,600 plus an additional 10% in contingency, and total contract amount not to exceed of $970,700. The costs associated with this amendment has been programmed in the City’s CIP Budget.

Attachments
Attachment 1 - Amendment No. 1
Exhibit A - Proposal
Attachment 2 - Original Agreement
Engineering
3 9
6 6
1 AMENDMENT NO. 1

TO AGREEMENT FOR PROFESSIONAL SERVICES
HELIX Environmental Planning, Inc.

Environmental Services for the Murrieta Creek Multi-Use Trail Project This Amendment No. 1 to Agreement for Professional Services is made and entered into as of 10/28/2025, by and between the City of Lake Elsinore, a municipal corporation (“City), and HELIX Environmental Planning, Inc., a Corporation (“Consultant”).

RECITALS
A. The City and Consultant have entered into that certain Agreement for Professional Services dated as of 5/13/2025, (the “Original Agreement”). Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

B. The Original Agreement provided for compensation to Consultant in an amount of Three Hundred Thirty One Thousand One Hundred dollars ($331,100).

C. The parties now desire to amend the scope of services, term and increase the payment for such services as set forth in this Amendment No 1.

NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, City and Consultant agree as follows:

1. Section 1, Scope of Services, of the Original Agreement is hereby amended to add the following:

Consultant shall also perform the services described in Consultant’s 10/17/2025 Proposal (attached to this Amendment No. 1 as Exhibit A).

Consultant shall provide such services at the time, place, and in the manner specified in Exhibit A, subject to the direction of the City through its staff that it may provide from time to time.

2. Section 3, Compensation, of the Original Agreement is hereby amended to read in its entirety as follows:

Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultant’s Proposal (Exhibit A to the Original Agreement) and Consultant’s 10/17/2025 Proposal (Exhibit A to Amendment No. 1).

In no event shall Consultant’s compensation related to Exhibit A to the Original Agreement exceed Three Hundred Thirty One Thousand One Hundred dollars ($331,100). In no event shall Consultant’s compensation related to Exhibit A to Amendment No. 1 exceed Six Hundred Thirty Nine Thousand Six Hundred dollars ($639,600). Total compensation shall not exceed Nine Hundred Seventy Thousand Seven Hundred dollars ($970,700) without additional written authorization from the City. 3 9
6 6
1 Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A respectively, shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

3. Except for the changes specifically set forth herein, all other terms and conditions of the Original Agreement shall remain in full force and effect.

Karl Osmundson, Biology Division
Manager
Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
Attachments: Exhibit A – Consultant’s Proposal
3 9
6 6
1 EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]

HELIX Environmental Planning, Inc.
7578 El Cajon Boulevard
La Mesa, CA 91942
619.462.1515 tel
619.462.0552 fax
www.helixepi.com
October 17, 2025 00987.00015.001

Yu Tagai
City of Lake Elsinore
130 S Main Street
Lake Elsinore, CA 92530
[email protected] | 951-674-3124 (x246)

Subject: Contract Augment to Provide Additional Environmental Consulting Services for the Murrieta Creek Multi-Use Trail Construction Project

The original written contract dated June 9, 2025 between HELIX Environmental Planning, Inc. (HELIX) and the City of Lake Elsinore (Client) is hereby augmented as follows:

SCOPE OF WORK (See attached)

CURRENT CONTRACT TOTAL $331,100

Task
Number Task Name Cost
13 Two-Year Biological Monitoring of the RWQCB Mitigation Area $49,200 14 Five-Year Biological Monitoring of the MSHCP and LBVI Mitigation Areas 165,100 15 Management, Meetings, and Agency Support 19,900
16 Restoration/Revegetation Installation Mobilization 7,100 17 RWQCB Mitigation Area Seed Installation 2,800
18 RWQCB Mitigation Area Maintenance 11,900
19 LBVI Mitigation Area Hand Watering 95,800
20 LBVI Mitigation Area Plant Installation 24,700
21 LBVI Mitigation Area Seed Installation 6,400
22 LBVI Mitigation Area Maintenance 88,900
23 MSHCP Revegetation Area Seed Installation 24,200
24 MSHCP Revegetation Area Maintenance 107,200
25 Easement Coordination and Support 10,900
Subtotal without Optional Tasks $614,000

Optional Tasks
26 MSHCP Revegetation Area Hand Watering $12,600
27 LBVI Mitigation Fine Grading 12,900
Subtotal with Optional Tasks $639,600

TOTAL REVISED CONTRACT without Optional Tasks $945,200
TOTAL REVISED CONTRACT with Optional Tasks $970,700

Contract Augment to Yu Tagai Page 2 of 8
October 17, 2025

Sincerely,

Karl Osmundson
Biology Division Manager

Contract Augment to Yu Tagai Page 3 of 8
October 17, 2025

HELIX will continue work on this contract, inclusive of this augment, in a timely manner and in accordance with the original Terms and Conditions and Schedule of Fees.]

___________________________
(Client)

By: ___________________________
Name
Title

Date: ___________________________

Contract Augment to Yu Tagai Page 4 of 8
October 17, 2025

SCOPE OF WORK

Task 13 Two-Year Biological Monitoring of the RWQCB Mitigation Area. 13a: Installation Monitoring and Reporting. HELIX will monitor site preparation consisting of recontouring three temporarily impacted drainage locations and seed installation in the 0.046- acre Regional Water Quality Control Board (RWQCB) mitigation areas identified in the 2024 Murrieta Creek Multi-Use Trail Project On-Site Streambed Revegetation Plan. The RWQCB installation monitoring will include pre- and post-construction photos and monitoring of seed installation. Specifically, HELIX will:

• Take pre- and post-construction photos (included in Task 8); • Monitor the recontouring of the temporarily impacted drainages (up to three visits of four hours on-site per visit); and
• Conduct a single installation monitoring visit (four hours on-site per visit including travel), to inspect the seed material and monitor seed installation.

Following mitigation installation, HELIX will prepare an as-built letter to document the completed work and start of the two-growing season (i.e., two-year) maintenance and monitoring period. The report will include a summary of the site preparation and installation activities, including any changes during implementation. The letter will also include a figure depicting the revegetation area and representative photos of the work. HELIX will provide an electronic copy of the as-built letter to Client for review prior to submittal to RWQCB. HELIX will revise the draft report based on a single set of minor comments provided by the Client. If additional or major comments/revisions are received, a contract augment will be required.

13b. Maintenance and Annual Monitoring. Following installation, a HELIX biologist will monitor maintenance activities conducted by the maintenance crews during the two-growing season maintenance and monitoring period. HELIX will conduct a total of 10 site inspections, five per growing season, during the two-growing season maintenance and monitoring period.

Maintenance monitoring will be conducted in accordance with the 2024 On-site Streambed Revegetation Plan for the Project. Maintenance monitoring visits are proposed to be conducted in January, March, May, July, and November. The timing of monitoring visits is subject to change based on weather and site conditions. Brief email documentation of observations and recommendations will be submitted to the Maintenance Contractor and Client following each monitoring visit (10 total, five per growing season).

HELIX will also conduct an annual technical monitoring visit in spring (April) of each year during the two-growing season maintenance and monitoring period. Following the annual technical monitoring each spring, HELIX will prepare an annual monitoring report. The annual report will include: photo documentation of the revegetation areas; visual estimates of percent cover of native, non-native, and invasive species; a complete list of plant and animal species observed; hydrology observations; and a summary of whether the revegetation effort is meeting the required performance standards. The reports will be submitted electronically to RWQCB annually. HELIX will submit annual monitoring reports to the Client for review prior to submittal to RWQCB. This task assumes one round of minor revisions (per report) from the Client. Major or multiple revisions may require additional authorization.

13c. Agency Sign-off. HELIX will coordinate and attend one sign-off walk with RWQCB following the completion of the final monitoring report, if necessary. This task assumes performance

Contract Augment to Yu Tagai Page 5 of 8
October 17, 2025

standards will be met within the two-growing season period. If the revegetation area does not meet all performance standards, the maintenance and monitoring period will be extended.

Additional authorization will be required if the maintenance and monitoring period is extended beyond two growing seasons.

Task 14 Five-Year Biological Monitoring of the MSHCP and LBVI Mitigation Areas.

14a: Installation Monitoring and Reporting. HELIX will monitor site preparation and the installation of plant and seed material in the total 3.05-acre revegetation areas identified in the 2025 Murrieta Creek Multi-Use Trail Project Habitat Mitigation and Monitoring Plan. The plan includes two separate mitigation areas: the Western Riverside County Multiple Species Habitat Conservation Plan (MSHCP) revegetation area (2.63 acres), and the least Bell’s vireo (LBVI) mitigation area (0.41 acre). The MSHCP revegetation area requires three years of maintenance and monitoring, and will include seed installation only (no container plants). The LBVI mitigation area requires five years of maintenance and monitoring, and container plants and seed will be installed along with temporary above-ground irrigation. Installation monitoring will include attending one pre-construction meeting, pre-restoration documentation (photos and hydrology and wildlife use observations), and monitoring of the site during the installation period. Specifically, HELIX will:

• Attend one pre-restoration meeting to help ensure that installation personnel understand the project requirements and limitations for both the MSHCP revegetation area and the LBVI mitigation areas;
• Inspect the marking of the project limits prior to grading of the LBVI mitigation area; and • Conduct six installation monitoring visits (up to five hours on-site per visit), to: inspect the seed and plant material prior to installation (two visits), confirm proper irrigation coverage (concurrent with plant material inspection), monitor the manner in which the material is installed (three visits), and conduct a post-installation inspection (one visit).

Following the completion of the installation, HELIX will prepare an as-built report to document the completed installation and start of the 90-day Plant Establishment Period (PEP), which starts concurrently with the three- and five-year maintenance and monitoring programs. The report will include a summary of the site preparation and installation activities, and document plant material installed including any changes during implementation. The report will also include a figure depicting the revegetation area and representative photos of the work. HELIX will provide an electronic copy of the installation report to Client to review prior to submittal to U.S. Fish and Wildlife Service, California Department of Fish and Wildlife, and Western Riverside County Regional Conservation Authority. HELIX will revise the draft report based on a single set of minor comments provided by the Client. If additional or major comments/revisions are received, a contract augment will be required.

14b. Maintenance Monitoring. A HELIX biologist will monitor maintenance activities conducted by the maintenance crews during the five-year maintenance and monitoring period, which includes the initial 90-day PEP that will run concurrently with the start of Year 1. Monitoring visits will be conducted monthly during first three months of Year 1 (three visits; i.e., during the PEP) and will be reduced to eight visits for the remainder of Years 1 through 3 each, for a total of 27 site visits between Years 1 through 3. Monitoring for Years 4 and 5 will consist of six visits each (December, January, March, May, July, and October). The timing of monitoring visits is subject to change based on weather and site conditions. Monitoring memos noting issues with

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plant establishment, non-native species, irrigation, sediment control, etc., will be provided, as necessary, to the maintenance contractor and client.

14c: Technical Monitoring. HELIX will conduct technical monitoring visits twice each year during Years 1 through 3 of the maintenance and monitoring period. During Years 4 and 5 only a single maintenance visit will be conducted for the LBVI mitigation area. The first visit (Years 1 through 3) will be conducted in the late spring (April/May) to measure the success of the MSHCP revegetation area. The second visit (Years 1 through 5) will be conducted in the LBVI mitigation area in late summer (August/September). Monitoring for the MSHCP revegetation area will be qualitative (visual only – no transects). Monitoring for the LBVI mitigation area during Years 1 and 2 will be qualitative (visual only – no transects). Monitoring for the LBVI mitigation area during Years 3 through 5 will include quantitative (assumed to be a total of three transects in LBVI mitigation area). HELIX will prepare an annual report after each technical monitoring event. The Years 1 through 3 reports will include the MSHCP revegetation area and LBVI mitigation area results while the Years 4 and 5 reports will only cover the LBVI mitigation area results. The annual reports will include botanical observations (i.e., measurements of percent cover of native and non-native species) and a summary of whether the restoration effort is progressing and meeting the required success standards. The report will also recommend remedial measures that may be required. HELIX will provide an electronic copy of the installation memo to Client to review prior to submittal to the resource agencies.

HELIX will revise the draft report based on a single set of minor comments provided by the Client If additional or major comments/revisions are received, a contract augment will be required.

14d. Agency Sign-off. HELIX will coordinate and attend one sign-off walk with resource agencies following the completion of the final monitoring report, if necessary. This task assumes performance standards will be met within the five-year maintenance and monitoring period. If the mitigation areas do not meet all performance standards, the maintenance and monitoring period will be extended. Additional authorization will be required if the maintenance and monitoring period is extended beyond five years.

Task 15 Irrigation Construction Documents. HELIX’s Landscape Architecture Group will provide construction documents for a temporary above-grade irrigation system for the 0.35-acre LBVI mitigation area per the Murrieta Creek Multi-use Trail HMMP. An irrigation point of connection has been provided at the end of Skylark Drive, which will be used for this system. The plans will include a Cover Sheet, Irrigation Plan with notes, equipment legend, and construction details.

Specifications will not be provided in the document, but relative City standards and details will be referenced reference relevant. This task does not include project meetings. If Client requests additional services that cause HELIX to exceed the time allocated for this task, additional authorization will be required.

Two rounds of consolidated Client review comments/revisions are included, and all comments will be addressed in a response table. Following approval, e-signed digital copies of the final plans will be provided to the Client for their use/records.

Task 16 Restoration/Revegetation Installation Mobilization. The HELIX management team and two- person restoration crew will attend a four-hour kick off meeting on the first day of installation implementation to review project goals with the project team (i.e. Client and restoration specialist). This day will include staging area preparation and accepting delivery of equipment including a portable restroom, storage container, ATV, etc., for use during installation.

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Task 17 RWQCB Mitigation Area Seed Installation. HELIX will install seed withing the 0.046-acre RWQCB mitigation areas. Seed will be hand broadcasted and raked into the soil. HELIX will procure seed from a reputable vendor, like S&S Seed. Seed material will be sourced as close to the project area as possible, but some commercial seed may be required for specific species. HELIX will install two pounds of seed, which is higher than the 0.72 pound listed in the plan. Two pounds of seed is required to meet the minimum ordering requirements from the S&S Seed. Half a workday with a four-person restoration crew is assumed for this task.

Task 18 RWQCB Mitigation Area Maintenance. HELIX will maintain invasive and non-native species in the 0.046-acre RWCQB mitigation area for a two-year period. Maintenance will include non- native vegetation treatment via herbicide application, hand weeding, and line trimming.

Maintenance will occur quarterly per the maintenance schedule outlined in the On-Site Streambed Revegetation Plan. A total of eight half workdays with a four-person restoration crew are assumed for this task.

Task 19 LBVI Mitigation Area Hand Watering. HELIX will conduct supplemental watering during Years 1 through 3 within the 0.35-acre LBVI mitigation area to support native plant establishment.

Watering will be performed using a hose connected to a 500-gallon water buffalo, which will be parked along the developed trail within the project. The Client will provide a hydrant with temporary water meter to fill the 500-gallon water meter. Assumes a total of 50 watering events utilizing a two-person restoration crew during Year 1 of the project.

Task 20 LBVI Mitigation Area Plant Installation. HELIX will install plants in the 0.35-acre LBVI mitigation area per the HMMP plant palette. Installation quantities include 723 one-gallon or d-40 container stock. Planting assumes flexibility in total quantities and species. HELIX will procure plant material with source locations as close to the project as possible. Placement of container plantings in the field will be coordinated with the restoration specialist. Plants will be watered during planting using a hose connected to a 500-gallon water buffalo. A total of five days with a four-person restoration crew are assumed for this task.

Task 21 LBVI Mitigation Area Seed Installation. HELIX will install seed in the 0.35-acre LBVI mitigation area per the HMMP seed palette. Up to 4.20 pounds of seed will be installed. Seed will be dispersed through the work area via hydroseed slurry consisting of 2,500 pounds of wood fiber mulch per acre and eight-pounds of ultralight tackifier per acre.

Task 22 LBVI Mitigation Area Maintenance. HELIX will control invasive and non-native species in the

0.35-acre LBVI mitigation area for a five-year period per the HMMP. Maintenance will include non-native weed control via herbicide application, hand weeding, and line trimming.

Maintenance will occur quarterly per the maintenance schedule outlined in the HMMP.

Additional maintenance visits may be warranted to meet HMMP requirements and may require an augment. During maintenance, HELIX will replace 10% of the container stock installed in Task 22, which totals 72 plants. A total of 36 workdays with a two-person restoration crew are assumed for the maintenance and planting portion of this task.

Task 23 MSHCP Revegetation Area Seed Installation. HELIX will install seed withing the 2.66-acre MSHCP revegetation area per the HMMP seed palette. Up to 71.82 pounds of seed will be installed. Seed will be dispersed through the work area via hydroseed slurry consisting of 2,500 pounds of wood fiber mulch per acre and eight pounds of ultralight tackifier per acre. HELIX will procure seed from a reputable vendor, like S&S Seed. Seed material will be sourced as close to the project area as possible, but some commercial seed may be required for specific species.

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Task 24 MSHCP Revegetation Area Maintenance. HELIX will control invasive and non-native species in the 2.66-acre MSHCP revegetation area. Maintenance will include non-native weed control via herbicide application, hand weeding, and line trimming. Maintenance will occur quarterly over the three-year maintenance period, per the maintenance schedule outlined in the HMMP.

Additional maintenance visits may be warranted to meet HMMP requirements and may require an augment. A total of 36 workdays with a four-person restoration crew are assumed for this task.

Task 25 Easement Coordination and Support. HELIX has assumed 40 hours of Senior Biology Project Manager time and eight hours of Principal Biologist time for management/meetings with the Client, Rivers and Lands Conservancy, CDFW, and other applicable agencies regarding conservation easement of the least Bell’s vireo mitigation area. If Client requests additional services that cause HELIX to exceed the time allocated for this task, additional authorization would be required.

Optional Tasks

Task 26 MSHCP Revegetation Area Hand Watering. If needed, HELIX will conduct supplemental watering during Year 1 within the 2.66-acre MSHCP revegetation area to support native plant establishment. Watering will be performed using a hoses connected to a water buffalo. Due to the configuration of the project and water pressure limitations, HELIX does not propose a temporary, automatic, and above grade overhead irrigation system within the MSHCP revegetation area. If supplemental watering is required due to poor rainfall, HELIX will conduct supplemental watering, as needed. Assumes a total of six watering events utilizing a two- person restoration crew during Year 1 of the project.

Task 27 LBVI Mitigation Area Fine Grading. If needed, HELIX will perform fine grading within the 0.35- acre LBVI mitigation area following rough grading completed by another contractor. Fine grading will be conducted using an excavator to shape, smooth, and contour the work area.

This activity will be performed to give the LBVI Mitigation Area a more organic and natural appearance prior to installation efforts. A total of three days with an operator and restoration technician are assumed for this task.

ASSUMPTIONS AND LIMITATIONS

The following additional assumptions and limitations are a material component of this Agreement. • This estimate does not include costs for water and meter. The Client is responsible for water and associated costs.
• HELIX is not responsible for the replacement or repair of the project lost or damaged due to vandalism, natural disasters (such as fire and flood), and other events and circumstances. • Erosion control and repair of erosion problems due to natural rainfall is not a part of this estimate.
• This estimate includes state prevailing wage labor rates. • Vehicle access will be permitted on the developed trail within the project area for the purposes of transporting materials, equipment, and personnel.

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Lake Elsinore City CouncilOctober 28, 2025

Lake Elsinore City Council
October 28, 2025