Agenda packet — Lake Elsinore City Council, January 13, 2026 (part 1 of 10)

City of Lake Elsinore Meeting Date:

City Council Meeting January 13, 2026
Agenda
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530
Mayor Magee
Mayor Pro Tem Sheridan
Council Member Tisdale
Council Member Manos
Council Member Carroll
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/citygovernment/agendas-and-minutes or complete and present a “Request to Speak” form to the City Clerk at the meeting. This Form is available on the table located inside the Council Chamber.

Members of the public may also provide comments on Agenda items by noting the item on the “Request to Speak” form and will be called to address the City Council when the item is considered by the City Council during the meeting.

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

Accessibility Accommodations
In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the City Clerk’s Department at (951) 6743124 Ext. 269, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility.

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 the health of the City and community.
• Downtown: Enhancing and creating the highest-quality downtown experience will serve to establish a strong sense of place that will shape the City’s identity as a place where residents and visitors can live, work, and play.
• Action and Adventure: Lake Elsinore’s programs, facilities, and natural environment will define the City as a destination for action and adventure for both visitors and residents.

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

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

City Council Agenda January 13, 2026
City of Lake Elsinore Page 2
To read the plan and learn more about its implementation in the City, visit www.Lake-Elsinore.org/DreamExtreme2040.

CALL TO ORDER - 5:00 P.M.

ROLL CALL

PUBLIC COMMENTS ON CLOSED SESSION ITEMS

CITY COUNCIL CLOSED SESSION
CONFERENCE WITH LEGAL COUNSEL--ANTICIPATED LITIGATION Page 11 Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Gov’t Code Section 54956.9: Two potential cases.

Initiation of litigation pursuant to the Eminent Domain Law (Code of Civ. Proc.

Section 1230.010 et. al) for the acquisition of property located in the City of Lake Elsinore (APN 374-173-004; Owner of Record: Berthanna Taylor)

1. Initiation of litigation pursuant to the Eminent Domain Law (Code of Civ. Proc.

Section 1230.010 et. al) for the acquisition of property located in the City of Lake Elsinore (APN 373-151-014; Owner of Record: Letticia Cervantes)

2. CONFERENCE WITH LEGAL COUNSEL--ANTICIPATED LITIGATION Page 12 Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Gov’t Code Section 54956.9: One potential case.

Dispute regarding Agreement for Public Works Construction (Main Street Interchange Project). The contractor, Griffith Company, asserts it is entitled to additional compensation for time related overhead. City staff has disputed the claim for additional compensation.

1. SUCCESSOR AGENCY CLOSED SESSION
CONFERENCE WITH REAL PROPERTY NEGOTIATORS Page 13
(Gov’t Code Section 54956.8)
Property: APNs: Assessor's Parcel Numbers 373-210-040-0 and 373-210-042-2 Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Lake Elsinore Storm LP, a California limited partnership
Under negotiation: Price and terms of payment
RECESS

1. 2.

3. 4.

4.1 4.2

5. 5.1

6. City Council Agenda January 13, 2026
City of Lake Elsinore Page 3
The City Council will recess to Closed Session.

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

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

PLEDGE OF ALLEGIANCE

ROLL CALL

CLOSED SESSION REPORT

PRESENTATIONS/CEREMONIALS
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
Recommendation:

Approve the City Council Consent Calendar.

Minutes of the Regular City Council Meeting of December 9, 2025 Page 14 Recommendation:

Approve the Minutes.

CC Warrant Report Dated December 01, 2025 to December 07, 2025.docx

Page 26 ends

Recommendation:

Receive and file.

CC Warrant Report Dated December 08, 2025 to December 14, 2025.docx

Page 31 ends

Recommendation:

Receive and file.

CC Warrant Report Dated December 15, 2025 to December 21, 2025.docx

Page 37 ends

7. 8.

9. 10.

11. 12.

13. 13.1

13.2 13.3

13.4 City Council Agenda January 13, 2026
City of Lake Elsinore Page 4
Recommendation:

Receive and file.

Investment Report for November 2025 Page 43
Recommendation:

Receive and file the Investment Report for November 2025.

Stadium Operation and Maintenance Agreement Page 86
Recommendation:

Find that the Stadium Operation and Maintenance Agreement is exempt from California Environmental Quality Act (CEQA) pursuant to Section 15301 of the State CEQA Guidelines; and

1. Approve the Stadium Operation and Maintenance Agreement Between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore in substantially the form attached and in such final form as approved by the City Attorney.

2. Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation Proceedings for Annexation No. 27 Into Community Facilities District No. 2015-2 (Maintenance Services) for APN 377-200-045 (Ortega BESS)

Page 96 ends

Recommendation:

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

OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES) AMENDING ORDINANCE NO. 2016-1359 AUTHORIZING THE LEVY OF SPECIAL TAXES.

City Council Meeting Dates for 2026 Page 121
Recommendation:

Review the 2026 meeting dates and approve canceling the Regular meetings of November 24 and December 22, 2026.

Appointments to the Measure Z Citizens Committee and Planning Commission

Page 123 ends

Recommendation:

Appoint Dennell Winston (District 2) and Trisha Thurmond (District 4) to serve on the Lake Elsinore Measure Z Citizens Committee for terms expiring December 31, 2027; and appoint Kyle Martin (District 4) to serve on the Lake Elsinore Planning Commission to complete a term expiring December 31, 2028.

13.5 13.6

13.7 13.8

13.9 City Council Agenda January 13, 2026
City of Lake Elsinore Page 5
Mayor’s Recommended Council Appointments Page 145
Recommendation:

Appoint City Council Members to serve on the various Boards, Committees, Subcommittees, and Ad-Hoc Committees
Agreement with Roll A Shade, LLC for Design, Purchase, and Installation of Motorized Shades System for the New City Hall Main Staircase Exterior Windows Project (CIP Project No. Z20006)

Page 158 ends

Recommendation:

Approve and authorize the City Manager to execute a Public Works Agreement with Roll A Shade, LLC for the design, purchase and installation of the motorized shade system for the exterior windows at the main stair case in the new City Hall Project in the amount not to exceed $72,306.25 in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed the 10% contingency amount of $7,231.00 for uncertainties and adjustments; and authorize the City Clerk to record the Notice of Completion once work is completed and the work is accepted.

Change Order No. 1 to Public Works’ Construction Agreement with Edmondson Construction Co. for the Site Grading of the Senior Housing Project (CIP Project No. Z20026)

Page 173 ends

Recommendation:

Approve and authorize the City Manager to execute Change Order No.1 to the agreement with Edmondson Construction Co. in an amount not to exceed $17,688.00 for the site grading of the Senior Housing Project (CIP Project No. Z20026) in such final form as approved by the City Attorney.

Resolutions Reversing the Planning Commission‘s Action and Approving Planning Application No. 2016-112 (Kassab Travel Center Carwash) and Making Findings in support thereof to Replace the Previously Approved Drive-through Restaurant with a Proposed Express Carwash Including Vacuum Spaces

Page 188 ends

Recommendation:

Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, REVERSING THE PLANNING COMMISSION’S

ACTION AND ADOPTING AN ADDENDUM TO THE KASSAB TRAVEL CENTER MITIGATED NEGATIVE DECLARATION NO. ER 2018-02 (SCH NO. 2019029048) FOR PLANNING APPLICATION NO. 2016-112 (COMMERCIAL DESIGN REVIEW NO. 2021-21 AND CONDITIONAL USE PERMIT NO. 2021-16);

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, REVERSING THE PLANNING COMMISSION’S ACTION AND ADOPTING FINDINGS THAT PLANNING APPLICATION 2016-112 (COMMERCIAL DESIGN REVIEW NO. 2021-21 AND CONDITIONAL USE PERMIT NO. 2021-16) IS CONSISTENT WITH THE WESTERN RIVERSIDE

2. 13.10

13.11 13.12

13.13 City Council Agenda January 13, 2026
City of Lake Elsinore Page 6
COUNTY MULTIPLE SPECIES HABITAT CONSERVATION PLAN (MSHCP); Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, REVERSING THE PLANNING COMMISSION‘S ACTION AND APPROVING CONDITIONAL USE PERMIT NO. 2021-16 TO ALLOW A NEW 3,600 SQUARE-FOOT EXPRESS CARWASH FACILITY

INCLUDING VACUUM SPACES FOR THE KASSAB TRAVEL CENTER LOCATED AT APNS 378-030-007 AND 378-030-009; and

3. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, REVERSING THE PLANNING COMMISSION‘S ACTION AND APPROVING COMMERCIAL DESIGN REVIEW NO. 2021-21 TO ALLOW A NEW 3,600 SQUARE-FOOT EXPRESS CARWASH FACILITY

INCLUDING VACUUM SPACES FOR THE KASSAB TRAVEL CENTER LOCATED AT APNS 378-030-007 AND 378-030-009.

4. Notice of Decision - Planning Commission Approval of Planning Application No. 2023-34 (Corydon Group) for an Industrial Design Review and Conditional Use Permit to Construct Two Industrial Buildings Totaling 48,592 Sq. Ft. on a 3.04-Acre Site located within Planning Area 3 of the East Lake Specific Plan on Corydon Road

Page 214 ends

Recommendation:

Receive and file the Notice of Decision for Planning Application No. 2023-34 approved by the Planning Commission on December 16, 2025.

Notice of Decision - Planning Commission Denial of Planning Application No. 2024-08 (Walmart Gas Station) for Conditional Use Permit No. 2024-04 and Commercial Design Review No. 2024-02 for a new Walmart Gasoline Station and Convenience Store Located at 29260 Central Avenue

Page 332 ends

Recommendation:

Receive and file the Notice of Decision for Planning Application No. 2024-08 denied by the Planning Commission on December 16, 2025.

Fabrication and Installation of the Historic Downtown Main Street Gateway Signage

Page 1102 ends

Recommendation:

Approve and authorize the City Manager to execute a Contractor Services Agreement with YESCO, LLC for the fabrication and installation of the Historic Downtown Main Street Gateway Signage in an amount not to exceed $633,892.33 in such final form as approved by the City Attorney, authorize the City Manager to execute change orders not to exceed a 10% contingency for uncertainties and adjustments, and authorize the City Clerk to record the Notice of Completion once the work is complete and the improvements are accepted.

13.14 13.15

13.16 City Council Agenda January 13, 2026
City of Lake Elsinore Page 7
Annual On-Call Services Agreement with Amtek Construction in Support of City of Lake Elsinore Public Works Operations

Page 1162 ends

Recommendation:

Approve and authorize the City Manager to execute an Agreement with Amtek Construction 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.

Lease of an Additional 25 Automated License Plate Readers (ALPR) from Flock Group, Inc.

Page 1176 ends

Recommendation:

Approve and authorize the City Manager to lease an additional 25 Automated License Plate Reader Cameras from Flock Group, Inc. in an amount not to exceed $87,500 annually for two years based on the sole source purchasing process noted in LEMC Section 3.08.070 (B), and in a form as approved by the City Attorney.

SUCCESSOR AGENCY CONSENT CALENDAR
Recommendation:

Approve the Successor Agency Consent Calendar.

Minutes of the Regular City Council Meeting of December 9, 2025 Page 1187 Recommendation:

Approve the Minutes.

SA Warrant Report Dated December 01, 2025 to December 07, 2025.docx

Page 1199 ends

Recommendation:

Receive and file.

SA Warrant Report Dated December 08, 2025 to December 14, 2025.docx

Page 1202 ends

Recommendation:

Receive and file.

SA Warrant Report Dated December 15, 2025 to December 21, 2025.docx

Page 1205 ends

Recommendation:

Receive and file.

Investment Report for November 2025 Page 1208
Recommendation:

13.17 13.18

14. 14.1

14.2 14.3

14.4 14.5
City Council Agenda January 13, 2026
City of Lake Elsinore Page 8
Receive and file the Investment Report for November 2025.

Recognized Obligation Payment Schedule (ROPS 26-27) and Administrative Budget for the period July 1, 2026 through June 30, 2027

Page 1251 ends

Recommendation:

1. Find that the project is exempt from California Environmental Quality Act (CEQA) pursuant to Section 15061(b)(3) of the State CEQA Guidelines; and

2. Adopt A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT

AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 26-27) AND ADMINISTRATIVE BUDGET FOR JULY 1, 2026 THROUGH JUNE 30, 2027.

Extension to Eleventh Amendment to Stadium Interim Management Agreement with the Lake Elsinore Storm, LP and Approval of a Stadium Operation and Maintenance Agreement with the City of Lake Elsinore

Page 1268 ends

Recommendation:

1. Find that the Extension to Eleventh Amendment to Stadium Interim Management Agreement and the Stadium Operation and Maintenance Agreement are exempt from California Environmental Quality Act (CEQA) pursuant to Section 15301 of the State CEQA Guidelines; and

2. Adopt A Resolution of the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore Approving an Extension to Eleventh Amendment to Stadium Interim Management Agreement Between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the Lake Elsinore Storm, LP and a Stadium Operation and Maintenance Agreement Between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and the City of Lake Elsinore.

PUBLIC HEARINGS

BUSINESS ITEMS
Approval of a Joint Community Facilities Agreement and an Acquisition, Construction and Funding Agreement for Community Facilities District No. 2015-4 (Terracina) and Authorizing the Issuance of its Special Tax Bonds, Series 2026

Page 1290 ends

Recommendation:

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

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

ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY

14.6 14.7

15. 16.

16.1 City Council Agenda January 13, 2026
City of Lake Elsinore Page 9
FACILITIES DISTRICT OF THE CITY OF LAKE ELSINORE NO. 2015-4 (TERRACINA) AUTHORIZING THE ISSUANCE OF ITS SPECIAL TAX BONDS, SERIES 2026 IN A PRINCIPAL AMOUNT NOT TO EXCEED TWELVE MILLION DOLLARS ($12,000,000)

AND APPROVING CERTAIN DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH; and

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

CALIFORNIA, APPROVING A JOINT COMMUNITY FACILITIES AGREEMENT AND AN

ACQUISITION, CONSTRUCTION, AND FUNDING AGREEMENT FOR COMMUNITY FACILITIES DISTRICT NO. 2015-4 OF THE CITY OF LAKE ELSINORE (TERRACINA).

Adoption of the Master Plan for the Recreation Department Page 1659 Recommendation:

Adopt the City of Lake Elsinore Recreation Department Master Plan.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
(Please read & complete a Request to Address the City Council/Successor Agency form prior to the start of the meeting and turn it in to the City Clerk/Clerk. The Mayor/Chair or City Clerk/Clerk will call on you to speak.)

CITY MANAGER COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

ADJOURNMENT
The Lake Elsinore City Council will adjourn to the next Regular meeting on Tuesday, January 27, 2026 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 5:30 p.m. on Thursday, January 8, 2026. ______________________________
Candice Alvarez, MMC, City Clerk

16.2 17.

18. 19.

20. 21.

22. City Council Agenda January 13, 2026
City of Lake Elsinore Page 10

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: David Mann, Assistant City Attorney
Date: January 13, 2026
Subject: CONFERENCE WITH LEGAL COUNSEL--ANTICIPATED LITIGATION Initiation of litigation pursuant to paragraph (4) of subdivision (d) of Gov’t Code Section 54956.9: Two potential cases.

1. Initiation of litigation pursuant to the Eminent Domain Law (Code of Civ. Proc.

Section 1230.010 et. al) for the acquisition of property located in the City of Lake Elsinore (APN 374-173-004; Owner of Record: Berthanna Taylor)

2. Initiation of litigation pursuant to the Eminent Domain Law (Code of Civ. Proc.

Section 1230.010 et. al) for the acquisition of property located in the City of Lake Elsinore (APN 373-151-014; Owner of Record: Letticia Cervantes)

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: David Mann, Assistant City Attorney
Date: January 13, 2026
Subject: CONFERENCE WITH LEGAL COUNSEL--ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Gov’t Code Section 54956.9: One potential case.

1. Dispute regarding Agreement for Public Works Construction (Main Street Interchange Project). The contractor, Griffith Company, asserts it is entitled to additional compensation for time related overhead. City staff has disputed the claim for additional compensation.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: David Mann, Assistant City Attorney
Date: January 13, 2026
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: Assessor's Parcel Numbers 373-210-040-0 and 373-210-042-2 Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Lake Elsinore Storm LP, a California limited partnership
Under negotiation: Price and terms of payment

Page 1 of 1 ends

Attachments
Attachment 1 – Draft Minutes
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
Michael Carroll, Council Member
Jason Simpson, City Manager
Meeting Date:

December 09, 2025
Closed Session: 5:00 PM
Public Session: 7:00 PM
Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530

CALL TO ORDER
The Regular Meeting of the City Council was called to order at 5:01 p.m.

ROLL CALL

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

Absent: 0 - None

PUBLIC COMMENTS FOR CLOSED SESSION ITEMS
There were no speakers.

CLOSED SESSION
A. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: DS & RS Investment LLC, et al. v. City of Lake Elsinore, et al.; Riverside Superior Court Case No. CVME2402627
B. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs: 389-210-063, 389-210-067, 389-210-068, 389-220-001, 389-220-002 Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Mohr Affinity Under negotiation: Price and terms of payment
City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 2
C. CONFERENCE WITH LABOR NEGOTIATOR
(Gov’t Code Section 54957.6)
City negotiator: City Manager Jason Simpson; Assisant City Manager Shannon Buckley; Special Counsel Nate Kowalski
Employee organization: Lake Elsinore Chapter of Laborer’s International Union of North America, Local 777

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

PLEDGE OF ALLEGIANCE
Mayor Tisdale led the Pledge of Allegiance.

ROLL CALL

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

Absent: 0 - None

CLOSED SESSION REPORT
Assistant City Attorney Mann reported that all three items were discussed; however, no reportable action was taken.

PRESENTATIONS/CEREMONIALS
1) Recognition of 2025 Dream Extreme Future Leaders Participants Recognize the participants of the 2025 Dream Extreme Future Leaders Program for their dedication, leadership, and successful completion of the program.

Mayor Tisdale and City Clerk Alvarez presented the Certificates to the participants. 2) Business in Action Monthly Spotlight – Lake Elsinore Honda Recognize Lake Elsinore Honda as the City of Lake Elsinore’s Business in Action Monthly Spotlight for December 2025.

Mayor Tisdale presented the Certificate to Luis Cardenas.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
Douglas Norfolk was called to speak.

Tina Breese was called to speak.

Kim Cousins was called to speak.

City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 3

CITY COUNCIL CONSENT CALENDAR
A motion was made by Council Member Manos, seconded by Mayor Pro Tem Magee to approve the City Council Consent Calendar with Item No. 10 being removed for discussion. The motion carried by the following vote:

Aye: 5 Council Members Manos, Sheridan, and Carroll; Mayor Pro Tem Magee; and Mayor Tisdale
Nay: 0 None
3) Minutes of the Regular City Council Meeting of November 18, 2025 Approve the Minutes.

This item was approved on the City Council Consent Calendar. 4) CC Investment Report for October 2025
Receive and file the Investment Report for October 2025.

This item was approved on the City Council Consent Calendar. 5) CC Warrant Report Dated November 03, 2025 to November 09, 2025 Receive and file.

This item was approved on the City Council Consent Calendar. 6) CC Warrant Report Dated November 10, 2025 to November 16, 2025 Receive and file.

This item was approved on the City Council Consent Calendar. 7) CC Warrant Report Dated November 17, 2025 to November 23, 2025 Receive and file.

This item was approved on the City Council Consent Calendar. 8) CC Warrant Report Dated November 24, 2025 to November 30, 2025 Receive and file.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 4
9) Second Reading of an Ordinance Approving Zone Change No. 2022-02 Changing the Zoning Designation from Commercial Park (C-P) and High Density Residential (HDR) to Commercial Manufacturing (C-M) for APN 371-150-017 for Planning Application No. 2021-19 (Rome Hill Commercial Project) Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING ZONE CHANGE NO. 2022-02 CHANGING THE ZONING DESIGNATION FROM

COMMERCIAL PARK (C-P) AND HIGH DENSITY RESIDENTIAL (HDR) TO COMMERCIAL MANUFACTURING (C-M) FOR APN: 371-150-017.

This item was approved on the City Council Consent Calendar. 10) Community Development Block Grant (C.D.B.G.) Program for Fiscal Year 2026 - 2027 and Community Support Allocation for Fiscal Year 2025 - 2026 Adopt the Community Development Block Grant (CDBG) Program for Fiscal Year 2026-2027; approve the submittal of the City’s program to the County of Riverside and the allocation of Community Support Funds (CSF).

This item was removed from the City Council Consent Calendar for discussion. 11) Donation of 2014 Quint No. 97 Fire Truck to the Riverside County Fire Department
Approve the donation of the 2014 Quint No. 97 Fire Truck to the Riverside County Fire Department.

This item was approved on the City Council Consent Calendar. 12) Public Works Agreement with Monet Construction, Inc for 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 Monet Construction in an amount not to exceed $3,792,541.00 for the 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 the 10% contingency amount of $379,254.00; and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was approved on the City Council Consent Calendar. 13) Amendment No. 3 to the Professional Services Agreement with Engineering Resources of Southern California Inc. (ERSC) for Civil Engineering Services for the New City Hall Project (CIP Project No. Z20006)
Approve and authorize the City Manager to execute Amendment No. 3 with Engineering Resources of Southern California, Inc. (ERSC) for a total not to exceed amount of $33,405 in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 5
14) Purchase Order for Core Technology Infrastructure for the New City Hall (CIP Project No. Z20006)
Approve and authorize the City Manager to execute a purchase order with Nth Generation in an amount not to exceed $429,176.99 for Core Technology Infrastructure for the New City Hall (CIP Project No. Z20006).

This item was approved on the City Council Consent Calendar. 15) Public Works Agreement with Siepker Electric for the Electrical Bid Set “D”, on the New City Senior Housing Project (CIP Project No. Z20026) Approve and authorize the City Manager to execute a Public Works Construction Agreement with Siepker Electric in an amount not to exceed $589,926.00 for the Electrical Bid Set “D”, on the new City Senior Housing Project in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed the 10% contingency amount of $58,992.60; and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was approved on the City Council Consent Calendar. 16) Lake Water Quality Update and Maintenance Agreement with Moleaer for Nanobubble Barges
Approve and authorize the City Manager to execute the Contractor Services Agreement with Moleaer in an amount not to exceed $275,004 for Nanobubble Barge Maintenance in such final form as approved by the City Attorney, and authorize the City Manager to execute change orders not exceeding a 10% contingency of $27,500 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar. 17) Professional Services Agreement with T&B Planning, Inc. for Environmental Documentation for the West Nichols Logistics Center Project Approve and authorize the City Manager to execute an Agreement for Professional Services with T&B Planning, Inc. to prepare California Environmental Quality Act (CEQA) compliance documents in the amount not to exceed $256,365.00, in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar. 18) Memorandum of Understanding with Riverside County Transportation Commission for the Construction of the Interstate 15 Express Lane Project Southern Extension
Approve and authorize the Mayor to execute a Memorandum of Understanding with Riverside County Transportation Commission for the Construction of the Interstate 15 Express Lane Project Southern Extension.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 6
19) Additional Expenditure Request for Construction Inspection Services with Elsinore Valley Municipal Water District for Camino Del Norte Sewer Extension Project, EVMWD W.O. 2025-00164-INS
Approve additional expenditure with Elsinore Valley Municipal Water District for $62,738 plus 10% contingency to provide Construction Inspection Services for the Camino Del Norte Sewer Extension Project.

This item was approved on the City Council Consent Calendar. 20) Professional Services Agreement with Transtech Engineers, Inc. to Provide Construction Engineering and Inspection Services in Support of Public Works Operations
Approve and authorize the City Manager to execute a Professional Services Agreement with Transtech Engineers, Inc. for $100,000.00 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 $10,000.00 for unanticipated costs.

This item was approved on the City Council Consent Calendar. 21) Resolution Requesting a Grant from the California State Parks Department of Boating and Waterways to Install Three Floating Restrooms Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, IN SUPPORT OF A GRANT FROM THE CALIFORNIA STATE PARKS

DEPARTMENT OF BOATING AND WATERWAYS FOR THE INSTALLATION OF THREE FLOATING RESTROOMS BY THE CITY AT LAKE ELSINORE.

This item was approved on the City Council Consent Calendar. 22) Award of a Public Works Construction Agreement to Andy’s Glass Company for the Design, Purchase and Installation of the Fire Glass Wall and Glass Railing Systems in the New City Hall Project (CIP Project No. Z20006) Approve and authorize the City Manager to execute a Public Works Construction Agreement with Andy’s Glass Company in an amount not to exceed $759,061.00, for the design, purchase, and installation of the fire glass wall and glass railing systems for the new City Hall Project in such final form as approved by the City Attorney:
authorize the City Manager to execute change orders not exceeding a 10% contingency amount of $75,906.10; and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was approved on the City Council Consent Calendar.

ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR DISCUSSION 10) Community Development Block Grant (C.D.B.G.) Program for Fiscal Year 2026 - 2027 and Community Support Allocation for Fiscal Year 2025 - 2026 Adopt the Community Development Block Grant (CDBG) Program for Fiscal Year 2026-2027; approve the submittal of the City’s program to the County of Riverside and the allocation of Community Support Funds (CSF).

City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 7
Ashley Brown-Mills was called to speak.

Brett Masters was called to speak.

Fiscal Officer Domenico Piazza presented the staff report.

A motion was made by Council Member Manos, seconded by Council Member Sheridan to approve staff's recommendation. The motion carried by the following vote:

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

SUCCESSOR AGENCY CONSENT CALENDAR
A motion was made by Council Member Manos, seconded by Mayor Pro Tem Magee to approve the Successor Agency Consent Calendar. The motion carried by the following vote:

Aye: 5 Agency Members Manos, Sheridan, and Carroll; Vice Chair Magee; and Chair Tisdale
Nay: 0 None
23) Minutes of the Regular Successor Agency Meeting of November 18, 2025 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar. 24) SA Investment Report for October 2025
Receive and file the Investment Report for October 2025.

This item was approved on the Successor Agency Consent Calendar. 25) SA Warrant Report Dated November 10, 2025 to November 16, 2025 Receive and file.

This item was approved on the Successor Agency Consent Calendar. 26) SA Warrant Report Dated November 17, 2025 to November 23, 2025 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 8
27) SA Warrant Report Dated November 24, 2025 to November 30, 2025 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC HEARINGS
28) Public Hearing and Election for Annexation Proceedings for Annexation No. 27 Into Community Facilities District No. 2015-2 (Maintenance Services) for APN 377-200-045 (Ortega BESS)

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

ELSINORE, CALIFORNIA, CALLING AN ELECTION TO SUBMIT TO THE

QUALIFIED ELECTORS THE QUESTION OF LEVYING A SPECIAL TAX WITHIN

THE AREA PROPOSED TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 27);

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

ELSINORE, CALIFORNIA, DECLARING ELECTION RESULTS FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 27); and

3. Introduced by title only and waive further reading of AN ORDINANCE AMENDING ORDINANCE NO. 2016-1359 OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF

LAKE ELSINORE (MAINTENANCE SERVICES) AUTHORIZING THE LEVY OF SPECIAL TAXES.

The Public Hearing was opened at 7:35 p.m.

City Clerk Alvarez noted that no written communications were received.

There were no speakers.

The Public Hearing was closed at 7:37 p.m.

A motion was made by Council Member Manos, seconded by Council Member Sheridan to adopt the Resolution in Recommendation No. 1. The motion carried by the following vote:

Aye: 5 Council Members Manos, Sheridan, and Carroll; Mayor Pro Tem Magee; and Mayor Tisdale
Nay: 0 None
City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 9
A motion was made by Council Member Manos, seconded by Council Member Sheridan to adopt the Resolution in Recommendation No. 2. The motion carried by the following vote:

Aye: 5 Council Members Manos, Sheridan, and Carroll; Mayor Pro Tem Magee; and Mayor Tisdale
Nay: 0 None
A motion was made by Council Member Manos, seconded by Council Member Sheridan to introduce by title only and waive further reading of the Ordinance in Recommendation No. 3. The motion carried by the following vote:

Aye: 5 Council Members Manos, Sheridan, and Carroll; Mayor Pro Tem Magee; and Mayor Tisdale
Nay: 0 None
29) Appeal of the Planning Commission's Action to Deny Planning Application No. 2016-112 (Kassab Travel Center Carwash) to Replace the Previously Approved Drive-through Restaurant with a Proposed Express Carwash Including Vacuum Spaces
Consider the appeal of the Planning Commission’s denial of Conditional Use Permit No. 2021-16 and Commercial Design Review No. 2021-21, receive public comments, and direct staff to prepare a Resolution based on the action taken by the City Council to either: (1) Uphold the Planning Commission’s Action to Deny; or (2) Reverse the Planning Commission’s Action and Approve Conditional Use Permit No. 2021-16 and Commercial Design Review No. 2021-21.

Council Member Carroll left the dais at 7:40 p.m.

The Public Hearing was opened at 7:40 p.m.

City Clerk Alvarez noted that no written communications were received.

Principal Planner Nancy Huynh presented the staff report.

Nicole Dailey, representing the applicant, presented the project.

Gary Washburn was called to speak.

Sammy Khalilieh was called to speak.

The Public Hearing was closed at 8:23 p.m.

A motion was made by Council Member Manos, seconded by Council Member Sheridan to direct staff to prepare a Resolution to reverse the Planning Commission’s action and approve Conditional Use Permit No. 2021-16 and Commercial Design Review No. 2021-21. The motion carried by the following vote:

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

Absent: 1 Council Member Carroll
City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 10
Michael Carroll returned to the dais at 8:24 p.m.

BUSINESS ITEM
30) Annual Reorganization of the City Council to Select the Mayor/Chair and Mayor Pro Tem/Vice-Chair for 2026
Select a Mayor/Chair and Mayor Pro Tem/Vice-Chair per City Council Policy No. 200-4.

Mayor Tisdale yielded the Chair to City Clerk Alvarez.

City Clerk Alvarez opened nominations for the seat of Mayor.

Council Member Manos nominated Council Member Magee.

Mayor Magee was unanimously elected Mayor for 2026.

Mayor Magee opened nominations for the seat of Mayor Pro Tem.

Council Member Manos nominated Council Member Sheridan.

Mayor Pro Tem Sheridan was unanimously elected Mayor Pro Tem for 2026.

Mayor Magee presented a plaque to former Mayor Tisdale.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES
Nathan Garcia was called to speak.

CITY ATTORNEY COMMENTS
Assistant City Attorney Mann had no comments.

CITY MANAGER'S COMMENTS
City Manager Simpson had no comments.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Carroll congratulated Nathan Garcia and thanked staff for organizing the Future Leaders Program; shared photos from the Tree Lighting and Winterfest events; thanked the Riverside Sheriff’s Office for their work on homeless outreach; and congratulated Brian Tisdale on a successful year as Mayor in 2025 and wished Mayor Magee a successful year as Mayor in 2026.

Mayor Pro Tem Sheridan congratulated Brian Tisdale on a successful year as Mayor in 2025, Kimberly Davidson on her appointment as the Chamber of Commerce’s next President, and Tina Breese on her appointment as the new President of the Downtown Merchants’ Association; spoke on the success of the Winterfest event; congratulated Nathan Garcia on being selected as a Student of the Month; thanked Riverside Transit Agency for participating in the Winterfest parade and reported on his attendance at the meeting on November 20, 2025; shared his attendance at the Animal Friends of the Valleys’ Wines for Canines and Kitties Gala on November 22, 2025; shared information on the Summerhill Median Project; and noted road maintenance operations on the I-15 in Lake Elsinore.

City Council Minutes - Draft December 09, 2025
City of Lake Elsinore Page 11
Council Member Manos congratulated Council Member Tisdale on a successful year as Mayor, Mayor Pro Tem Sheridan for being selected as Mayor Pro Tem for 2026, and Mayor Magee for being selected as Mayor for 2026; reported on his attendance at the Southern California Association of Governments Regional Council meeting on December 4, 2025; spoke on the Lake water quality; and congratulated staff on the success of the Winterfest event.

Council Member Tisdale recognized Nathan Garcia for his participation in the Future Leaders program; announced the retirement of Fire Chief Weiser and noted Robert Fish’s appointment as the new Fire Chief for Riverside County; invited the community to participate in the Santa Dash at 7:00 a.m. on Saturday, December 20, 2025 at the Lake Elsinore Levee; thanked City Staff and community partners for a successful Winterfest event; and reminded the community to remain prepared for natural disasters.

Mayor Magee spoke on the City’s adoption of the MOU with the Riverside County Transportation Commission; shared tips on keeping pets safe this winter; spoke on bow fishing in Lake Elsinore and requested an ordinance prohibiting bow fishing and similar activities in the City; and invited the community to attend the San Diego Chapter Autocross event on December 13, 2025 at Diamond Stadium.

ADJOURNMENT
The Lake Elsinore City Council adjourned at 9:01 p.m. to the next Regular meeting of Tuesday, January 13, 2026 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.

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
DECEMBER 01, 2025
TO DECEMBER 07, 2025

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 885,291.77 $
103 THE ANCHOR 1,251.01
110 GAS TAX 2,735.10
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 17,825.40 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 5,590.82 180 LAUNCH POINTE 121,477.08
300 INSURANCE SERVICE (10,876.26)
305 INFORMATION SYSTEMS SERVICE 121,490.10
310 SUPPORT SERVICE 3,711.91
315 FLEET SERVICE 20,231.15
320 FACILITIES SERVICE 21,310.48
330 CFD 2015-2S MAINTENANCE SERVICES 5,000.00
500 CAPITAL IMPROVEMENT PLAN 4,227,532.85
620 COST RECOVERY TRUST DEPOSITS 39,017.10
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 1,191.65
GRAND TOTAL 5,462,780.16 $
Attachment 1 1 of 1
DECEMBER 01, 2025
TO DECEMBER 07, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001032 AMERICAN FORENSIC NURSES, INC. 72.00 $
APA26001033 BEGINNERS EDGE SPORTS TRAINING, LLC 787.50
APA26001034 BIO-TOX LABORATORIES 384.00
APA26001035 CALIFORNIA MUNICIPAL REVENUE & TAX ASSOC. 150.00 APA26001036 CALIFORNIA, DEPARTMENT OF JUSTICE 70.00
APA26001037 CARDLOCK FUELS SYSTEM LLC 4,946.05
APA26001038 CDW GOVERNMENT, INC. 64,646.76
APA26001039 CED LAGUNA 21,603.22
APA26001040 CHARTER COMMUNICATIONS 50.00
APA26001041 CHARTER COMMUNICATIONS 57.64
APA26001043 COUNTY OF RIVERSIDE, EXECUTIVE OFFICE 197,414.00 APA26001044 CRIME SCENE STERI-CLEAN, LLC 1,750.00
APA26001045 DAVID EVANS AND ASSOCIATES, INC. 20,808.34
APA26001046 EDMONDSON CONSTRUCTION, INC. 131,450.00
APA26001047 EMBROIDERY & MORE, INC. 3,881.95
APA26001048 FCS INTERNATIONAL, INC 15,727.00
APA26001049 FRONTIER CALIFORNIA - INTERNET 156.36
APA26001050 FRONTIER CALIFORNIA, INC. 7,328.18
APA26001051 GREAT AMERICA FINANCIAL SERVICES 1,310.94
APA26001052 HANCOCK, LORENA 2,445.00
APA26001053 HELIX ENVIRONMENTAL PLANNING INC. 3,495.00
APA26001054 HESTER ROOFING 69,200.00
APA26001055 HIRESANTA, LLC 4,342.50
APA26001056 INLAND FOUNDATION ENGINEERING, INC. 1,257.50 APA26001057 JON'S FLAGS & POLES INC. 293.63
APA26001058 LEONIDA BUILDERS, INC. 205,746.53
APA26001059 LIFTOFF, LLC 82,818.72
APA26001060 LOR GEOTECHNICAL GROUP 19,657.00
APA26001061 MIG 9,142.50
APA26001062 MORTON PEST CONTROL INC 3,720.00
APA26001063 O'REILLY AUTO STORES INC/FIRST CALL 1,898.93 APA26001064 PLUMBERS DEPOT, INC. 399.54
APA26001065 R.J. NOBLE COMPANY, INC. 1,545,844.52
APA26001066 RIGHTWAY SEPTIC TANK PUMPING 1,300.00
APA26001067 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 50.00 APA26001068 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 50.00 APA26001069 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 20.00 APA26001070 RP LANDSCAPE & IRRIGATION 2,313.28
APA26001071 SHRED-IT USA, LLC 85.60
APA26001072 SOUTH COAST LIGHTING & DESIGN, INC. 47,469.37 APA26001073 SOUTHERN CALIFORNIA EDISON CO. 48,122.91
Attachment 2 1 OF 3
DECEMBER 01, 2025
TO DECEMBER 07, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001074 STATE WATER RESOURCES CONTROL BOARD 3,540.00 APA26001075 STAUFFER LAWN EQUIPMENT 254.96
APA26001076 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 2,250.00 APA26001077 TEAMCALIFORNIA ECONOMIC DEVELOPMENT CORPORATION 3,000.00 APA26001078 T-MOBILE USA, INC. 215.00
APA26001079 UNIFIRST CORP 1,152.59
APA26001080 UNITED CARPORTS, LLC 19,500.00
APA26001081 WAXIE SANITARY SUPPLY 577.85
APA26001082 LIUNA LOCAL 777 720.00
10519 EIP III CREDIT CO., LLC 1,692,435.30
10520 RUTAN & TUCKER, LLP 395.00
10521 RUTAN & TUCKER, LLP 3,896.70
10522 RUTAN & TUCKER, LLP 7,979.00
10523 AK SECURITY ALARM LLC 57,289.24
10524 AMAZON BUSINESS 2,310.11
10525 AMERICAN MATERIAL COMPANY 1,574.48
10526 BMW MOTORCYCLES OF RIVERSIDE 1,681.40
10527 BMW MOTORCYCLES OF RIVERSIDE 717.73
10528 BMW MOTORCYCLES OF RIVERSIDE 4,700.93
10529 BMW MOTORCYCLES OF RIVERSIDE 1,032.06
10530 BRINKS INCORPORATED 1,045.81
10531 CM WASH EQUIPMENT 2,514.00
10532 COTTER CONSTRUCTION, INC. 146,650.00
10533 DELONE, MARIA JAZMINE 1,155.00
10534 ENDRESEN DEVELOPMENT, INC. 125,000.00
10535 ENDRESEN DEVELOPMENT, INC. 698.32
10536 ENDRESEN DEVELOPMENT, INC. 50,000.00
10537 ENDRESEN DEVELOPMENT, INC. 698.32
10538 ENDRESEN DEVELOPMENT, INC. 947.22
10539 ENDRESEN DEVELOPMENT, INC. 1,157.25
10540 ENGINEERING RESOURCES OF SO CA 12,000.00
10541 HEFINGTON MARTIAL ARTS 450.00
10542 INNOVATIVE DOCUMENT SOLUTIONS 2,400.97
10543 KPA SERVICES, LLC 2,728.67
10544 LAKE ELSINORE TIRE & AUTO, INC. 1,667.82
10545 MICHAEL BAKER INTERNATIONAL, INC. 1,678.50
10546 MICHAEL BAKER INTERNATIONAL, INC. 19,757.10
10547 PURSUIT ELECTRIC, INC. 19,800.00
10548 READYREFRESH 839.11
10549 REGIONAL CONSERVATION AUTHORITY 39,750.28
10550 REGIONAL FIRST AID, INC. 1,238.88
10551 RENTERIA, YARABITH BUENFIL 720.00
Attachment 2 2 OF 3
DECEMBER 01, 2025
TO DECEMBER 07, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
10552 RUTAN & TUCKER, LLP 1,540.50
10553 RUTAN & TUCKER, LLP 1,461.50
10554 RUTAN & TUCKER, LLP 1,385.50
10555 RUTAN & TUCKER, LLP 2,291.00
10556 SAN DIEGO ICE COMPANY, INC. 116.37
10557 SD FLAGS, BANNERS AND SIGNS 7,916.25
10558 SECURITAS SECURITY SERVICES USA, INC. 3,183.48
10559 SECURITAS SECURITY SERVICES USA, INC. 3,463.20
10560 SEMPER PATROL, INC 14,976.00
10561 SKYLINE SAFETY AND SUPPLY, LLC 528.57
10562 SMER RESEARCH 1, LLC 10,724.85
10563 SO CAL SANDBAGS,INC. 1,552.03
10564 SPICER CONSULTING GROUP 5,000.00
10565 TC SPORTS MANAGEMENT, LLC 26,833.33
10566 TOP SERVICE PLUMBING, INC. 5,350.00
10567 TOP SERVICE PLUMBING, INC. 389.00
10568 TOP SERVICE PLUMBING, INC. 5,500.00
143957 BIG EVENTS, INC 22,086.25
143958 EVMWD 28,629.35
143962 HEYDAY 6,400.00
143963 SOUTHERN CALIFORNIA EDISON - SCE INSTALL 2,802.45 DFT260387 STATE DISBURSEMENT UNIT 134.30
DFT260389 RIVERSIDE COUNTY SHERIFF'S OFFICE 926.50
DFT260390 STATE DISBURSEMENT UNIT 245.53
DFT260391 INTERNAL REVENUE SERVICE 198.50
DFT260392 COLONIAL LIFE 1,374.38
DFT260393 NATIONWIDE TRUST COMPANY, FSB 1,954.06
DFT260394 MISSION SQUARE RETIREMENT 262.86
DFT260395 MISSION SQUARE RETIREMENT 9,677.58
DFT260396 PAYCHEX OF NEW YORK, LLC 2,270.30
DFT260397 FRANCHISE TAX BOARD 24,026.28
DFT260398 INTERNAL REVENUE SERVICE 103,735.57
DFT260399 TASC 11,893.52
DFT260405 CALPERS 75,486.62
PR12042025 NET PAYROLL 318,078.46
GRAND TOTAL 5,462,780.16 $
Attachment 2 3 OF 3

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
DECEMBER 08, 2025
TO DECEMBER 14, 2025

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,866,262.14 $
103 THE ANCHOR 387.40
110 GAS TAX 7,881.71
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 76,680.37 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 10,151.23 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 596.52 180 LAUNCH POINTE 38,606.48
305 INFORMATION SYSTEMS SERVICE 10,130.79
315 FLEET SERVICE 13,324.90
320 FACILITIES SERVICE 12,600.79
330 CFD 2015-2S MAINTENANCE SERVICES 1,957.11
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 835.13
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 835.13
333 CFD 2015-4 TERRACINA IMPROVEMENT 835.13
334 CFD 2015-5 TRIESTE IMPROVEMENT 813.33
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 813.33
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 789.64
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 813.33
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 835.13
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 813.33
342 CFD 2007-5S RED KITE SERVICES 596.52
343 CFD 2006-2S VISCAYA SERVICES 596.52
344 CFD 2005-2S ALBERHILL RANCH SERVICES 596.52
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,648.47
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 1,431.65
350 CFD 98-1 SUMMERHILL IMPROVEMENT 835.13
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 835.13
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 2,279.85
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 1,073.74
358 CFD 2007-4S MAKENNA SERVICES 596.52
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 715.28 361 CFD 2022-2 LAKESHORE IMPROVEMENT 694.44
362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 596.52
363 CFD 2023-1 LAKESIDE IMPROVEMENT 694.44
364 CFD 2023-2 COASTAL MISSION TRAIL IMPROVEMENT 707.30 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 596.52 367 CFD 2006-1S SUMMERLY SERVICES 596.52
368 CFD 2006-2 VISCAYA IMPROVEMENT 596.52
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 835.13
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 835.13
371 CFD 2005-1 SERENITY IMPROVEMENT 835.13
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 835.13
Attachment 1 1 of 2
DECEMBER 08, 2025
TO DECEMBER 14, 2025

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
373 CFD 2005-5S WASSON CANYON SERVICES 596.52
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 298.26
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 298.26
376 CFD 2006-3 LA STRADA IMPROVEMENT 596.52
377 CFD 2006-6 TESSARA IMPROVEMENT 357.91
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 789.64
379 CFD 2022-1 ALBERHILL IMPROVEMENT 694.44
380 CFD 2015-4S TERRACINA SERVICES 607.56
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 3,676.64
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 835.13
386 CFD 2007-4 MAKENNA IMPROVEMENT 789.64
387 CFD 2007-5 RED KITE IMPROVEMENT 789.64
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 2,147.48
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 596.52
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 564.03
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 802.15
397 CFD 2019-1 WESTLAKE IMPROVEMENT 802.15
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 715.28 500 CAPITAL IMPROVEMENT PLAN 318,159.09
606 AB2766 AIR POLUTION REDUCTION 6,200.00
617 HOUSING 11,964.10
620 COST RECOVERY TRUST DEPOSITS 27,092.07
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 835.13
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 596.52 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 596.52
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 2,319.16 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 948.95
GRAND TOTAL 2,449,660.34
Attachment 1 2 of 2
DECEMBER 08, 2025
TO DECEMBER 14, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001083 ACTION GAS & WELDING SUPPLY 121.25 $
APA26001084 ANIMAL FRIENDS OF THE VALLEY 22,614.71
APA26001085 AZTECA CLEANING SERVICES LLC 8,742.08
APA26001086 CARDLOCK FUELS SYSTEM LLC 2,833.01
APA26001087 CDW GOVERNMENT, INC. 3,967.37
APA26001088 CED LAGUNA 15,233.12
APA26001089 CENTURY LINK 41.24
APA26001090 COSTAR REALTY INFORMATION INC. 902.14
APA26001091 CR&R, INC. 4,998.95
APA26001092 CR&R, INC. 676.68
APA26001093 CREATIVE INDUSTRIES MEDIA GROUP 3,020.27
APA26001094 DAVID TURCH & ASSOCIATES 3,500.00
APA26001095 DISCOUNT HAULING & CLEANUP SERVICE 16,840.00 APA26001096 EGP CONSULTING, INC. 1,282.96
APA26001097 EMBROIDERY & MORE, INC. 476.92
APA26001098 EWING 3,743.05
APA26001099 EXCEL LANDSCAPE, INC. 41,526.00
APA26001100 FIX AUTO LAKE ELSINORE 9,947.44
APA26001101 FRONTIER CALIFORNIA, INC. 76.64
APA26001102 FRONTIER CALIFORNIA, INC. 475.84
APA26001103 GEI CONSULTANTS INC 14,121.85
APA26001104 GLENN LUKOS ASSOCIATES, INC. 187.80
APA26001105 GOLDSTAR ASPHALT PRODUCTS 430.65
APA26001106 HEYDAY 400.00
APA26001107 JOLLY JUMPS 15,973.00
APA26001108 KELLEN'S BAIT 194.70
APA26001109 MIG 25,335.00
APA26001110 MORTON PEST CONTROL INC 810.00
APA26001111 O'REILLY AUTO STORES INC/FIRST CALL 3,031.42 APA26001112 PACIFIC PRODUCTS & SERVICES LLC 7,060.05
APA26001113 PLACEWORKS, INC 11,862.50
APA26001114 PRESS-ENTERPRISE, THE 6,028.52
APA26001115 PUBLIC SAFETY ENTERPRISE COMMUNICATION 730.56 APA26001116 RAPID FIRE SAFETY & SECURITY LLC 461.56
APA26001117 RE CONSULTING 12,500.00
APA26001118 RELIABLE RENTALS, INC 2,840.00
APA26001119 SOUTHERN CALIFORNIA EDISON CO. 43,270.49
APA26001120 STATE WATER RESOURCES CONTROL BOARD 3,630.00 APA26001121 STK ARCHITECTURE, INC. 2,309.68
APA26001122 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 7,875.00 APA26001123 SUN CITY GRANITE, INC 875.00
Attachment 2 1 OF 3
DECEMBER 08, 2025
TO DECEMBER 14, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001124 TRI-STAR ELECTRIC 1,535.00
APA26001125 TRITON TECHNOLOGY SOLUTIONS, INC 167,352.54 APA26001126 TULIPS TROPHIES & TREASURES 973.31
APA26001127 ULTIMATE SIGNS & GRAPHICS 1,207.12
APA26001128 UNIFIRST CORP 557.81
APA26001129 VALLEY-WIDE ELITE GYMNASTICS 1,078.31
APA26001130 VICTORY BEE REMOVAL 850.00
APA26001131 VULCAN MATERIALS COMPANY 1,087.58
APA26001132 WAXIE SANITARY SUPPLY 691.02
APA26001133 WESTERN RIVERSIDE COUNCIL OF GOVT'S 13,200.00 10570 AK SECURITY ALARM LLC 12,676.19
10571 ALVAREZ ENTERPRISE SERVICES 11,180.51
10572 AMAZON BUSINESS 6,772.73
10573 BMW MOTORCYCLES OF RIVERSIDE 1,908.00
10574 CIVICA LAW GROUP, APC 12,928.08
10575 CM WASH EQUIPMENT 8,167.76
10576 COTTER CONSTRUCTION, INC. 52,450.00
10578 COTTER CONSTRUCTION, INC. 4,650.00
10579 COTTER CONSTRUCTION, INC. 8,000.00
10580 COTTER CONSTRUCTION, INC. 8,500.00
10581 ENGINEERING RESOURCES OF SO CA 717.50
10582 ENGINEERING RESOURCES OF SO CA 4,145.75
10583 ENGINEERING RESOURCES OF SO CA 2,000.00
10584 GMS ELEVATOR SERVICES, INC. 360.00
10585 HI-WAY SAFETY, INC. 6,363.48
10586 LAKE ELSINORE HISTORICAL DOWNTOWN MERCHANTS ASSOCIATION 600.00 10587 LEIBOLD, MCCLENDON & MANN, PC 67,764.36
10588 MICHAEL BAKER INTERNATIONAL, INC. 35,337.75
10589 MURPHY & EVERTZ LLP 2,607.00
10590 MURPHY & EVERTZ LLP 1,343.00
10591 PURSUIT ELECTRIC, INC. 17,400.00
10592 RIGHTWAY SITE SERVICES, INC. 235.70
10593 RIVERSIDE COUNTY FIRE DEPARTMENT 1,598,715.98
10594 SAN DIEGO ICE COMPANY, INC. 11,250.00
10595 SEARLE CREATIVE GROUP LLC 2,070.00
10596 SEARLE CREATIVE GROUP LLC 6,460.00
10597 SECURITAS SECURITY SERVICES USA, INC. 3,196.80
10598 SOUTHERN CALIFORNIA GAS CO. 145.61
10599 SOUTHERN CALIFORNIA GAS CO. 39.93
10600 SOUTHERN CALIFORNIA GAS CO. 16.27
10601 SOUTHERN CALIFORNIA GAS CO. 895.85
10602 SOUTHERN CALIFORNIA GAS CO. 53.79
Attachment 2 2 OF 3
DECEMBER 08, 2025
TO DECEMBER 14, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
10603 SOUTHERN CALIFORNIA GAS CO. 69.39
10604 SOUTHERN CALIFORNIA GAS CO. 27.81
10605 SOUTHERN CALIFORNIA GAS CO. 50.92
10606 SOUTHERN CALIFORNIA GAS CO. 291.13
10607 SOUTHERN CALIFORNIA GAS CO. 46.29
10608 SOUTHERN CALIFORNIA GAS CO. 214.38
10609 SOUTHERN CALIFORNIA GAS CO. 76.33
10610 SPICER CONSULTING GROUP 53,231.78
10614 THOMSON REUTERS - WEST PUBLISHING CORP. 538.68
10615 WEST COAST SERVICES 1,325.00
143964 CYNTHIA LEYVA 1,468.00
143965 DECARO, KOY 356.15
143966 EVMWD 12,952.93
143968 LIEBZEIT, JONATHAN 188.96
143969 OLSON, MATTHEW 390.41
GRAND TOTAL 2,449,660.34 $
Attachment 2 3 OF 3

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
DECEMBER 15, 2025
TO DECEMBER 21, 2025

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,040,931.22 $
103 THE ANCHOR 84,426.72
110 GAS TAX 7,169.10
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 48,866.84 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 2,909.80 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 181.72 180 LAUNCH POINTE 104,473.01
300 INSURANCE SERVICE (12,486.77)
305 INFORMATION SYSTEMS SERVICE 47,371.43
310 SUPPORT SERVICE 1,554.35
315 FLEET SERVICE 22,309.02
320 FACILITIES SERVICE 94,690.03
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 2,000.00
500 CAPITAL IMPROVEMENT PLAN 1,411,315.31
620 COST RECOVERY TRUST DEPOSITS 30,137.63
GRAND TOTAL 2,885,849.41
Attachment 1 1 of 1
DECEMBER 15, 2025
TO DECEMBER 21, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001134 2 HOT UNIFORMS, INC 1,385.48 $
APA26001135 ACTION GAS & WELDING SUPPLY 21.09
APA26001136 ALBERT WEBB & ASSOCIATES 23,150.75
APA26001137 ALLIED TRAFFIC EQUIPMENT RENTAL 1,372.70
APA26001138 AMERICAN LADY VETS, INC 48,098.80
APA26001139 ASCENT ENVIRONMENTAL, INC 42,883.75
APA26001140 ATKINSON, ANDELSON, LOYA, RUUD & ROMO 13,582.78 APA26001141 AZTECA CLEANING SERVICES LLC 8,742.08
APA26001142 BIO-TOX LABORATORIES 2,501.00
APA26001143 BLAIS & ASSOCIATES, INC. 4,881.50
APA26001144 CARDLOCK FUELS SYSTEM LLC 5,178.38
APA26001145 CED LAGUNA 58,617.16
APA26001146 CHARTER COMMUNICATIONS 1,020.51
APA26001147 CITY NET 83,153.87
APA26001148 CODE PUBLISHING COMPANY 1,195.00
APA26001149 CORODATA RECORDS MANAGEMENT, INC. 334.12
APA26001150 COUNTY OF RIVERSIDE DEPT. OF ENVIRONMENTAL HEALTH 437.00 APA26001151 CREATIVE INDUSTRIES MEDIA GROUP 5,965.00
APA26001152 DIRECTV 159.99
APA26001153 DISCOUNT HAULING & CLEANUP SERVICE 14,630.00 APA26001154 DOUGLAS HINER UMPIRING SERVICES 714.00
APA26001155 DP GLASS CO 415,150.00
APA26001156 DUSTIN THOMPSON PHOTOGRAPHY 2,125.00
APA26001157 FCG CONSULTANTS, INC. 31,900.47
APA26001158 FCS INTERNATIONAL, INC 1,108.00
APA26001159 FEHR & PEERS 1,282.50
APA26001160 FRONTIER CALIFORNIA - INTERNET 1,072.08
APA26001161 FRONTIER CALIFORNIA, INC. 76.64
APA26001162 GREAT AMERICA FINANCIAL SERVICES 600.30
APA26001163 HDL HINDERLITER, DE LLAMAS & ASSOCIATES 2,209.50 APA26001164 HELIX ENVIRONMENTAL PLANNING INC. 14,407.73 APA26001165 HEMET FENCE CORP 4,200.00
APA26001166 KELLEN'S BAIT 304.20
APA26001167 KOA CORPORATION 38,002.50
APA26001168 LAKE AUTO & SMOG 240.00
APA26001169 LAND IQ, LLC 4,947.00
APA26001170 LIUNA LOCAL 777 732.00
APA26001171 LSA ASSOCIATES, INC. 12,949.69
APA26001172 METROCELL CONSTRUCTION, INC. 114,988.78
APA26001173 MORTON PEST CONTROL INC 1,965.00
APA26001174 NPG, INC. 21,830.00
Attachment 2 1 OF 4
DECEMBER 15, 2025
TO DECEMBER 21, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001175 O'REILLY AUTO STORES INC/FIRST CALL 2.85
APA26001176 PECHANGA BAND OF INDIANS 5,310.40
APA26001177 PLACEWORKS, INC 11,722.50
APA26001178 POSPAPER.COM 609.50
APA26001179 PRESS-ENTERPRISE, THE 1,252.04
APA26001180 PUBLIC SAFETY ENTERPRISE COMMUNICATION 1,217.60 APA26001181 PVP COMMUNICATIONS, INC. 3,246.19
APA26001182 RAPID FIRE SAFETY & SECURITY LLC 300.00
APA26001183 RELIABLE RENTALS, INC 2,840.00
APA26001184 RIGHTWAY SEPTIC TANK PUMPING 495.00
APA26001185 RP LANDSCAPE & IRRIGATION 80,718.51
APA26001186 SENSERA SYSTEMS, INC 3,694.14
APA26001187 SOUTHERN CALIFORNIA EDISON CO. 300.56
APA26001188 STATE WATER RESOURCES CONTROL BOARD 7,080.00 APA26001189 T & G GLOBAL LLC 70,000.00
APA26001190 T-MOBILE USA, INC. 660.00
APA26001191 TRANSTECH ENGINEERS, INC. 24,865.00
APA26001192 UNIFIRST CORP 793.03
APA26001193 VERIZON WIRELESS (#1) 2,687.47
APA26001194 VERIZON WIRELESS (#2) 3,320.10
APA26001195 WAXIE SANITARY SUPPLY 158.91
APA26001196 WEATHERMATIC 17,382.83
10586 LAKE ELSINORE HISTORICAL DOWNTOWN MERCHANTS ASSOCIATION (600.00) 10616 AK SECURITY ALARM LLC 133,636.17
10617 AMAZON BUSINESS 5,184.12
10618 AMERICAN MATERIAL COMPANY 4,009.73
10619 AREA 63 PRODUCTIONS 8,935.50
10620 BMW MOTORCYCLES OF RIVERSIDE 20.12
10621 BMW MOTORCYCLES OF RIVERSIDE 1,685.30
10622 CHEN RYAN ASSOCIATES, INC. 11,890.26
10623 CM WASH EQUIPMENT 4,959.85
10624 COTTER CONSTRUCTION, INC. 53,500.00
10625 DENNIS JANDA, INC. 1,070.00
10626 FERGUSON 515.88
10627 GUFAROTTI, ADAM 126.03
10628 HDR ENGINEERING, INC. 45,720.66
10629 HDR ENGINEERING, INC. 4,369.44
10630 HDR ENGINEERING, INC. 9,961.08
10631 HDR ENGINEERING, INC. 21,350.33
10632 HDR ENGINEERING, INC. 336,006.91
10633 LAKE ELSINORE TIRE & AUTO, INC. 940.00
10634 PALMS PARK LLC 4,000.00
Attachment 2 2 OF 4
DECEMBER 15, 2025
TO DECEMBER 21, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
10635 PURSUIT ELECTRIC, INC. 40,800.00
10636 QUADIENT LEASING USA, INC. 954.05
10637 RIGHTWAY SITE SERVICES, INC. 6,178.71
10638 RUTAN & TUCKER, LLP 553.00
10639 SAN DIEGO ICE COMPANY, INC. 107.75
10640 SECURITAS SECURITY SERVICES USA, INC. 3,156.84
10641 SERVICE FIRST 3,770.00
10642 SO CAL SANDBAGS,INC. 1,596.40
10643 STAPLES ADVANTAGE 57.09
10644 STAPLES ADVANTAGE 19.56
10645 STAPLES ADVANTAGE 126.10
10646 TALIMAR SYSTEMS, INC 2,525.90
10647 TC SPORTS MANAGEMENT, LLC 29,533.33
10648 TC SPORTS MANAGEMENT, LLC 25,033.33
10649 WEST COAST ARBORISTS, INC. 26,282.00
10650 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
10651 YUNEX, LLC 12,457.00
143781 GUFAROTTI, ADAM (126.03)
143970 ARIZONA TILE 29,654.42
143971 LAKE ELSINORE HISTORICAL DOWNTOWN MERCHANTS ASSOCIATION 600.00 143972 CALIFORNIA JPIA 25.00
143973 CALIFORNIA JPIA 10.00
143974 EVMWD 19,079.13
143975 FOSTER, BEN 81.76
143976 HESTER ROOFING 36,387.28
143977 HEYDAY 350.00
143978 LAKE ELSINORE COMMUNITY INVESTMENT CORP. 150,883.97 143979 OLIVAS, OSCAR 560.56
143980 TOES IN THE WEEDZ, INC 12,734.59
DFT260433 FRANCHISE TAX BOARD 548.37
DFT260434 RIVERSIDE COUNTY SHERIFF'S OFFICE 926.50
DFT260435 MISSION SQUARE RETIREMENT 262.84
DFT260436 NATIONWIDE TRUST COMPANY, FSB 2,004.77
DFT260437 MISSION SQUARE RETIREMENT 16,010.16
DFT260438 STATE DISBURSEMENT UNIT 134.30
DFT260439 STATE DISBURSEMENT UNIT 245.53
DFT260440 INTERNAL REVENUE SERVICE 198.50
DFT260441 PAYCHEX OF NEW YORK, LLC 2,270.30
DFT260442 TASC 11,893.52
DFT260443 CALPERS 251.36
DFT260444 CALPERS 74,507.43
DFT260445 FRANCHISE TAX BOARD 26,952.16
Attachment 2 3 OF 4
DECEMBER 15, 2025
TO DECEMBER 21, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
DFT260446 INTERNAL REVENUE SERVICE 116,446.95
PR12182025 NET PAYROLL 353,750.62
GRAND TOTAL 2,885,849.41 $
Attachment 2 4 OF 4

Page 1 of 1 ends

Background and Discussion
The Investment Report is a listing of all funds invested in the City as of the date shown on the report.

Fiscal Impact
No fiscal Impact
Attachments
Attachment 1 – Investment Report for November 2025

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account $ 6,620,467 $ 49,847 $ (41,909) $ 6,628,405 Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 6,620,467 49,847 (41,909) 6,630,705

INVESTMENTS
Local Agency Investment Funds 50,885,578 - - 50,885,578 CAMP Investments:

CAMP Pool Account 190,570 - - 190,569.55
U.S. Treasury Bond / Note 26,182,331 - - 26,182,331.08
Municipal Bond / Note 200,000 - - 200,000.00
Federal Agency Commercial Mortgage-Backed Security 8,499,051 - - 8,499,051.46 Federal Agency Bond / Note - - - -
Corporate Note 13,478,027 - - 13,478,026.70
Certificate of Deposit - - - -
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 6,436,684 - - 6,436,683.74
Sub-total Investments 106,397,766 - - 106,397,766
Market Value Adjustment:

Unrealized Gain/(Loss) at 09/30/2025 1,143,327 - - 1,143,327 Total Investments 107,541,093 - - 107,541,093
Total Pooled Cash and Investments $ 114,161,560 $ 49,847 $ (41,909) $ 114,171,798 TOTAL POOLED CASH AND INVESTMENTS $ 114,171,798
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 December 3, 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 NOVEMBER 30, 2025

FUND NO FUND NAME AMOUNT
100 General $ 12,157,917
102 Measure Z 12,658,266
106 Affordable Housing In Lieu 1,524,583
107 Developer Agreement Revenue 418,215
108 American Rescue Plan 242,949
109 Road Maintenance and Rehabilitation (SB1) 2,664,194 110 State Gas Tax 811,310
111 TUMF C.I.P. 245,274
112 Measure A 1,912,440
114 SB1186 CASP Education Program 88,415
115 Traffic Safety 18,490
116 City Hall-Public Works DIF 771,220
117 Community Center DIF 707,537
118 Lake Side Facility DIF 996,407
119 Animal Shelter DIF 21,467
121 T.R.I.P.-2014A 2,607
135 Lighting & Landscape Maintenance - Dist. No. 1 2,045,312 140 Geothermal 13,116
202 La Strada RBBD 26,751
203 E.L.S.P. - S.T.I.F. 3,772,352
205 Traffic Impact Fee 929,467
211 Storm Drain C.I.P. 2,048,364
221 Quimby Park C.I.P. 53,240
231 Library C.I.P. 1,096,767
232 City Fire Protection 1,464,681
300 Insurance Service 366,165
305 Information Systems Service 2,598,775
310 Support Service 39,073
315 Fleet Service 77,039
320 Facilities Service 2,777,798
333 CFD 2015-3 Terracina 240,467
335 CFD 2003-2E Canyon Hills Improvement Area E 912
346 CFD 2014-1 Southshore 64,905
350 CFD 98-1 Summerhill 10,004
354 CFD 90-2 Tuscany Hills 536
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 5,060 361 CFD 2022-2 Lakeshore Improvement 4,460
364 CFD 2023-2 Coastal Mission Trail Improvement 4,679
366 CFD 2005-6 City Center Townhomes 46,187
368 CFD 2006-2 Viscaya 3,438

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 NOVEMBER 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 NOVEMBER 30, 2025
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 66,445 371 CFD 2005-1 Serenity 3,195
372 CFD 2005-2 Alberhill Ranch Improvement Area 24,312
379 CFD 2022-1 Alberhill 1,462
384 CFD 2003-2 Area B Canyon Hills Improvement Area 2,746 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 23,309 388 CFD 2007-6 Holiday Inn Express 22
390 CFD 2003-2 Area C Canyon Hills Improvement Area 227 394 CFD 2005-5 (2012A) Wasson Canyon 1,046
396 CFD 2018-2 Nichols Ranch Improvement Area 42,155
500 Capital Improvement Plan 8,464,866
603 Endowment Trust - Carl Graves 71,229
604 Endowment Trust - Korn Memorial 37,691
605 Public Improvement Trust 3,256,645
606 Mobile Source Air Polution Reduction 248,013
608 Trust Deposit & Pre Paid Expense 1,864,377
617 Successor Agency Housing 42,289,638
620 Cost Recovery System 4,494,027
631 Lake Destratification Equipment Replacement 349,554 Total Pooled Cash & Investments $ 114,171,798

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.18% $ 190,570
U.S. Treasury Bond / Note Unlimited 24.61% $ 26,182,331 Supra-National Agency Bond / Note 30% 0.00% $ -
Municipal Bond / Note Unlimited 0.19% $ 200,000
Federal Agency Collaterized Mortgage Obligation 40% 7.99% $ 8,499,051 Federal Agency Bond / Note Unlimited 0.00% (1) $ -
Banker's Acceptance 40.00% 0.00% $ -
Corporate Note (Includes Bank Note) 30% 13.16% $ 14,003,552 Commercial Paper 25% 0.00% $ -
Negotiable Certificates of Deposit 30% 0.00% $ -
Asset-Backed Security / Collaterized Mortgage 20% 6.05% $ 6,436,684 Repurchase Agreements Unlimited 0 $ -
Reverse Repurchase Agreements 10.00% 0.00% $ -
LAIF (Local Agency Investment Funds) $150 Million 47.83% (2) $ 50,885,578 Placement Service Deposits (PDS) 30% 0.00% $ -
TOTAL 100.00% $ 106,397,766
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 NOVEMBER 30, 2025
Local Agency Investment Fund
November 4.096
October 4.150
September 4.212
August 4.251
July 4.258
June 4.269
PMIA Average Life(1): 254
LAIF Fair Value Factor(1): 1.001929581
PMIA Daily(1): 4.19
PMIA Quarter to Date(1): 4.24
LAIF Apportionment Rate(2): 4.34
LAIF Earnings Ratio(2): 0.00011893333163814
LAIF Administrative Cost(1)*: 0.26
Treasuries

52.46%
Agencies

28.00%
Certificates of
Deposit/Bank Notes

9.74%
Time
Deposits

3.39%
Commercial
Paper

5.66%
Corporate
Bonds

0.58%
Loans

0.17%
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 12/03/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 9/30/25
Chart does not include $961,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
10/31/25
$156.2 billion
Yield Purchase Date Maturity Rate

4.096% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ 54,885,578 $ (4,000,000) $ 50,885,578 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 NOVEMBER 30, 2025
CAMP
Investment Portfolio
Account Statement - Transaction Summary For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
1,124,172.64
1,612,230.83
(2,545,833.92)

0.00 $190,569.55
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 2,380.63
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
55,348,130.94
2,537,718.11
(1,513,063.65)
163,049.85
$56,535,835.25
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 108,790.79
November 30, 2025 October 31, 2025
Asset Summary
CAMP Pool 190,569.55 1,124,172.64
CAMP Managed Account 56,535,835.25 55,348,130.94
Total $56,726,404.80 $56,472,303.58
Asset Allocation

0.34%
CAMP Pool

99.66%
CAMP Managed
Account
PFM Asset Management, a division of Page 1
U.S. Bancorp Asset Management, Inc.

Managed Account Summary Statement For the Month Ending November 30, 2025

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
$1,124,172.64
1,612,230.83
(2,545,833.92)
$190,569.55
2,380.63
$55,348,130.94
(1,324,704.27)
(188,359.38)
2,537,718.11

0.00 163,049.85
$56,535,835.25
$56,472,303.58
$56,726,404.80
96,563.26
(3,430.03)
15,657.56
$108,790.79
1,185,000.00
189,330.85
95,591.79
139,704.27
(2,541,148.14)
931,521.23

0.00 Managed Account Total
55,806,189.65 55,996,759.20
501,369.76
189,330.85
1,324,704.27
95,591.79
(2,541,148.14)
(54,749,812.66)
(429,554.61)

0.00 501,369.76
2,735,164.77
1,324,704.27
95,591.79
(4,153,378.97)
(55,873,985.30)
(429,554.61)
2,380.63
Total Accrual Basis Earnings $196,670.91 $199,051.54
Transaction Summary - Money Market Transaction Summary - Managed Account _______________________________________________ _______________________________________________ _____________________________________________________ Cash Balance
Closing Cash Balance $0.00
PFM Asset Management, a division of Page 2
U.S. Bancorp Asset Management, Inc.

Portfolio Summary and Statistics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 27,275,000.00 26,810,123.70 47.26 Municipal Bond / Note 200,000.00 202,805.80 0.36
Federal Agency Commercial
Mortgage-Backed Security
8,628,997.60 8,738,519.70 15.40
Corporate Note 13,645,000.00 13,760,396.20 24.26
Bank Note 525,000.00 532,385.18 0.94
Asset-Backed Security 6,433,808.68 6,491,604.67 11.44
Managed Account Sub-Total 56,707,806.28 56,535,835.25 99.66% Accrued Interest 501,369.76
Total Portfolio 56,707,806.28 57,037,205.01
CAMP Pool 190,569.55 190,569.55 0.34
Total Investments 56,898,375.83 57,227,774.56 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

11.44%
ABS

0.94%
Bank Note

23.75%
Corporate Note

15.40%
Federal Agency
Commercial
Mortgage-Backed
Security

0.34%
Joint Powers
Authority

0.36%
Muni Bond / Note

0.51%
Priv Placement
Bond

47.26%
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

0.99% 2.03%

9.33%

32.15%

42.71%

12.79%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1101

4.25%

3.71%
PFM Asset Management, a division of Page 3
U.S. Bancorp Asset Management, Inc.

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

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

4.78%
A

6.98%
A+

4.26%
A1.84%
AA

64.01%
AA+

4.30%
AA9.60%
AAA

0.34%
AAAm

0.72%
BBB+

3.17%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 385,589.62 0.68
Air Products and Chemicals Inc 346,719.42 0.61
Amazon.com Inc 577,764.60 1.02
American Express Co 1,404,746.88 2.48
Analog Devices Inc 406,953.60 0.72
Apple Inc 764,966.07 1.35
BA Credit Card Trust 605,569.84 1.07
Bank of America Corp 688,772.28 1.21
Bank of New York Mellon Corp 465,556.05 0.82
Bayerische Motoren Werke AG 171,732.75 0.30
Berkshire Hathaway Inc 466,904.10 0.82
BlackRock Inc 793,934.03 1.40
Bristol-Myers Squibb Co 375,679.50 0.66
CAMP Pool 190,569.55 0.34
Capital One Financial Corp 490,930.02 0.87
CarMax Inc 25,274.51 0.04
Caterpillar Inc 220,058.55 0.39
Charles Schwab Corp 297,607.20 0.52
Cisco Systems Inc 431,631.48 0.76
Citigroup Inc 1,344,115.20 2.37
Deere & Co 385,314.00 0.68
Discover Card Execution Note Trust 672,119.89 1.18
Federal Home Loan Mortgage Corp 8,211,024.60 14.47
Federal National Mortgage Association 527,495.10 0.93
Fifth Third Auto Trust 226,097.26 0.40
Ford Credit Auto Owner Trust 55,558.73 0.10
GM Financial Consumer Automobile Receiv 140,768.78 0.25 Harley-Davidson Inc 57,400.43 0.10
Home Depot Inc 384,689.25 0.68
Honda Auto Receivables Owner Trust 366,071.80 0.65
Honda Motor Co Ltd 403,760.80 0.71
JPMorgan Chase & Co 408,915.54 0.72
PFM Asset Management, a division of Page 4
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
Lockheed Martin Corp 60,791.82 0.11
Mars Inc 117,803.82 0.21
Mercedes-Benz Auto Receivables Trust 556,787.55 0.98
Microsoft Corp 747,345.00 1.32
Morgan Stanley 532,385.18 0.94
National Australia Bank Ltd 500,735.50 0.88
National Rural Utilities Cooperative Fi 346,349.85 0.61 Nissan Auto Receivables Owner Trust 34,041.48 0.06
Northern Trust Corp 577,172.35 1.02
Novartis AG 511,967.07 0.90
PACCAR Inc 408,176.40 0.72
Porsche Innovative Lease Owner 101,091.50 0.18
Shell PLC 577,999.78 1.02
State of California 202,805.80 0.36
State Street Corp 206,251.60 0.36
Target Corp 39,193.08 0.07
Texas Instruments Inc 86,372.33 0.15
Toyota Auto Receivables Owner Trust 94,328.44 0.17
Toyota Motor Corp 380,918.63 0.67
United States Treasury 26,810,123.70 47.25
UnitedHealth Group Inc 222,066.90 0.39
Verizon Master Trust 418,102.95 0.74
Wells Fargo & Co 407,846.80 0.72
WF Card Issuance Trust 491,455.84 0.87
Total $56,726,404.80 100.00%
PFM Asset Management, a division of Page 5
U.S. Bancorp Asset Management, Inc.

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

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
912828U24 75,000.00 AA+ Aa1 01/13/23 01/17/23 70,441.41 3.72 66.30 73,861.98 73,840.43

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 225,000.00 AA+ Aa1 07/01/24 07/03/24 198,641.60 4.49 1,176.97 207,430.05 212,633.78

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,275,000.00 AA+ Aa1 09/04/24 09/06/24 1,169,364.26 3.59 6,669.50 1,201,963.45 1,204,924.73

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 1,300,000.00 AA+ Aa1 08/01/24 08/05/24 1,173,960.94 3.96 6,800.27 1,214,486.14 1,228,550.70

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,400,000.00 AA+ Aa1 10/01/24 10/07/24 2,211,468.75 3.51 12,554.35 2,266,955.80 2,268,093.60

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 2,700,000.00 AA+ Aa1 06/06/24 06/11/24 2,388,339.85 4.39 14,123.64 2,495,199.12 2,551,605.30

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,200,000.00 AA+ Aa1 10/31/24 11/05/24 1,182,093.75 4.14 18,831.52 1,186,425.72 1,208,625.60

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,375,000.00 AA+ Aa1 01/02/25 01/07/25 1,344,653.32 4.36 21,577.79 1,351,066.96 1,384,883.50

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,475,000.00 AA+ Aa1 02/03/25 02/06/25 1,444,693.36 4.33 23,147.08 1,450,630.79 1,485,602.30

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 2,600,000.00 AA+ Aa1 12/03/24 12/06/24 2,565,773.44 4.10 40,801.63 2,573,564.66 2,618,688.80

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 600,000.00 AA+ Aa1 07/01/25 07/03/25 589,054.69 3.75 8,160.33 590,109.40 594,163.80

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 04/01/25 04/04/25 878,414.06 3.87 12,240.49 881,543.07 891,245.70

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 900,000.00 AA+ Aa1 06/02/25 06/05/25 875,566.41 3.98 12,240.49 878,294.38 891,245.70

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 925,000.00 AA+ Aa1 08/01/25 08/05/25 902,236.33 3.94 12,580.50 903,979.97 916,002.53 PFM Asset Management, a division of Page 6
U.S. Bancorp Asset Management, Inc.

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

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 1,500,000.00 AA+ Aa1 05/01/25 05/06/25 1,476,796.88 3.65 20,400.82 1,479,781.87 1,485,409.50

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 2,650,000.00 AA+ Aa1 03/03/25 03/06/25 2,565,117.19 4.06 36,041.44 2,578,604.24 2,624,223.45

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 3,900,000.00 AA+ Aa1 09/02/25 09/05/25 3,841,652.34 3.67 53,042.12 3,845,038.81 3,862,064.70

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 300,000.00 AA+ Aa1 11/04/25 11/07/25 306,820.31 3.66 4,261.55 306,724.14 307,839.90

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 975,000.00 AA+ Aa1 10/01/25 10/06/25 997,242.19 3.67 13,850.03 996,516.81 1,000,479.68 Security Type Sub-Total 27,275,000.00 26,182,331.08 3.94 318,566.82 26,482,177.36 26,810,123.70 Municipal Bond / Note
CA ST
DTD 03/15/2023 4.846% 03/01/2027
13063D3N6 200,000.00 AA- Aa2 03/09/23 03/15/23 200,000.00 4.85 2,423.00 200,000.00 202,805.80 Security Type Sub-Total 200,000.00 200,000.00 4.85 2,423.00 200,000.00 202,805.80 Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 150,008.39 AA+ Aa1 04/11/23 04/14/23 143,797.10 4.32 343.14 149,673.31 149,456.06 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 550,000.00 AA+ Aa1 04/06/23 04/12/23 526,839.84 3.98 1,215.96 544,959.37 544,429.60 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 362,852.11 AA+ Aa1 05/19/23 05/24/23 351,683.07 4.29 1,012.05 359,716.63 359,768.59 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 550,000.00 AA+ Aa1 08/16/23 08/18/23 518,804.69 4.94 1,477.67 538,599.40 545,422.35 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aa1 06/08/23 06/13/23 527,033.20 4.42 1,486.38 541,684.43 545,341.50 PFM Asset Management, a division of Page 7
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Commercial Mortgage-Backed Security
FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 379,608.07 AA+ Aa1 12/06/23 12/14/23 379,605.03 4.86 1,536.78 379,607.18 386,426.97 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 430,689.59 AA+ Aa1 07/19/23 07/27/23 430,678.85 4.78 1,714.50 430,683.97 434,441.32 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 550,000.00 AA+ Aa1 07/13/23 07/20/23 555,493.40 4.59 2,208.71 552,859.66 561,739.20 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 525,060.92 AA+ Aa1 07/18/23 07/31/23 516,159.49 4.58 1,833.34 520,327.38 527,495.10 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 500,000.00 AA+ Aa1 10/11/23 10/19/23 489,032.00 5.25 1,975.00 493,461.88 510,378.50 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 800,000.00 AA+ Aa1 09/07/23 09/14/23 788,165.60 4.99 3,100.00 793,085.32 814,627.20 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 375,000.00 AA+ Aa1 10/25/23 10/31/23 363,043.88 5.60 1,515.63 367,603.46 384,138.37 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 500,000.00 AA+ Aa1 09/20/23 09/28/23 494,023.50 5.07 2,000.00 496,381.04 511,940.50 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 180,000.00 AA+ Aa1 11/14/23 11/21/23 179,479.62 5.14 760.35 179,677.38 185,378.04 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 275,000.00 AA+ Aa1 11/28/23 12/07/23 274,209.93 4.93 1,113.75 274,507.09 282,269.90 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 290,000.00 AA+ Aa1 02/01/24 02/08/24 292,899.71 4.34 1,104.90 291,897.30 295,364.13 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 440,000.00 AA+ Aa1 07/16/24 07/25/24 442,702.04 4.58 1,730.67 442,041.26 451,139.04 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 535,778.54 AA+ Aa1 06/05/24 06/13/24 535,776.93 4.80 2,144.45 535,778.54 550,222.06 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 495,000.00 AA+ Aa1 08/07/24 08/15/24 499,630.23 4.33 1,873.99 498,516.60 505,142.55 PFM Asset Management, a division of Page 8
U.S. Bancorp Asset Management, Inc.

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

UNITEDHEALTH GROUP INC (CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
91324PEC2 225,000.00 A+ A2 05/17/21 05/19/21 224,608.50 1.19 115.00 224,964.25 222,066.90

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
05565EBW4 175,000.00 A A2 08/12/21 08/16/21 174,947.50 1.26 662.33 174,992.66 171,732.75

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 225,000.00 A A2 01/11/22 01/13/22 223,863.75 1.81 1,519.38 224,748.70 220,058.55

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 40,000.00 A A2 01/19/22 01/24/22 39,932.00 1.99 294.67 39,984.66 39,193.08

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 475,000.00 A Aa3 01/26/22 01/28/22 473,945.50 2.10 3,381.08 474,756.61 465,556.05

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00 AAA Aaa 03/14/23 03/17/23 721,942.50 4.36 7,906.25 741,476.46 747,345.00

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 A- A2 01/13/23 01/18/23 277,203.00 4.59 1,848.75 293,050.44 295,138.50

BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
084664CZ2 475,000.00 AA Aa2 03/15/22 03/17/22 466,089.00 2.70 2,306.39 472,700.39 466,904.10

CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027
808513BW4 300,000.00 A- A2 02/17/23 02/22/23 284,925.00 4.66 1,650.00 295,107.50 297,607.20

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7 500,000.00 AA- Aa2 01/13/23 01/18/23 488,325.00 4.50 9,328.61 495,953.26 500,735.50

APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
037833DB3 775,000.00 AA+ Aaa 01/19/23 01/23/23 741,062.75 3.94 4,932.01 761,965.98 764,966.07

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
89236TKQ7 375,000.00 A+ A1 02/08/23 02/10/23 376,282.50 4.55 6,696.61 375,550.78 380,918.63 PFM Asset Management, a division of Page 9
U.S. Bancorp Asset Management, Inc.

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

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
637432NP6 350,000.00 A- A1 02/17/23 02/22/23 329,189.00 4.76 3,768.33 340,836.16 346,349.85

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
882508BV5 85,000.00 A+ Aa3 05/11/23 05/18/23 87,043.40 4.04 1,151.28 85,930.92 86,372.33

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 375,000.00 A A2 03/09/23 03/13/23 358,263.75 4.93 4,103.13 367,474.81 375,679.50

LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
539830BZ1 60,000.00 A- A2 05/23/23 05/25/23 59,892.00 4.49 118.67 59,946.66 60,791.82

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 375,000.00 A A1 07/21/23 07/25/23 377,865.00 4.78 7,064.06 376,510.17 385,314.00

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 750,000.00 A+ Aa3 10/02/23 10/04/23 746,280.00 5.92 7,495.54 747,760.37 787,218.75

AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
009158BH8 340,000.00 A A2 02/06/24 02/08/24 339,547.80 4.63 4,909.22 339,700.17 346,719.42

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2 420,000.00 AA- A1 02/21/24 02/26/24 419,853.00 4.86 5,375.42 419,901.78 431,631.48

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 50,000.00 AA- Aa3 03/05/24 03/14/24 49,909.50 4.74 502.64 49,938.32 51,221.55

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 725,000.00 AA- Aa3 03/06/24 03/14/24 725,355.25 4.69 7,288.26 725,244.55 742,712.48

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 170,000.00 A+ A1 04/02/24 04/04/24 169,775.60 4.83 1,292.00 169,844.40 174,800.63

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 205,000.00 A+ A1 04/01/24 04/04/24 204,694.55 4.83 1,558.00 204,787.98 210,788.99

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
95000U3T8 110,000.00 BBB+ A1 04/16/25 04/23/25 110,088.00 4.95 577.07 110,071.43 112,157.87

WELLS FARGO & COMPANY (CALLABLE)
DTD 04/23/2025 4.970% 04/23/2029
95000U3T8 290,000.00 BBB+ A1 04/15/25 04/23/25 290,000.00 4.97 1,521.37 290,000.00 295,688.93 PFM Asset Management, a division of Page 10
U.S. Bancorp Asset Management, Inc.

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

BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
06051GMT3 600,000.00 A- A1 05/06/25 05/09/25 600,000.00 4.62 1,695.10 600,000.00 608,187.00

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 125,000.00 A A2 06/17/24 06/25/24 124,193.75 4.90 2,572.92 124,405.41 128,229.75

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
437076DC3 250,000.00 A A2 06/18/24 06/25/24 248,627.50 4.88 5,145.83 248,988.36 256,459.50

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 400,000.00 A- A3 09/03/24 09/05/24 399,520.00 4.43 4,204.44 399,629.69 403,760.80

MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
571676AY1 115,000.00 A A2 03/05/25 03/12/25 114,875.80 4.83 1,380.00 114,892.05 117,803.82

STATE STREET CORP (CALLABLE)
DTD 04/24/2025 4.834% 04/24/2030
857477DB6 200,000.00 A Aa3 04/22/25 04/24/25 200,000.00 4.83 993.66 200,000.00 206,251.60

PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
69371RT71 400,000.00 A+ A1 05/05/25 05/08/25 399,380.00 4.59 1,162.78 399,443.83 408,176.40

ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
032654BE4 400,000.00 A- A2 06/12/25 06/16/25 399,648.00 4.52 8,250.00 399,678.28 406,953.60

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
66989HAY4 510,000.00 AA- Aa3 11/03/25 11/05/25 508,470.00 4.17 1,510.17 508,492.09 511,967.07

SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 125,000.00 A+ Aa2 11/03/25 11/06/25 124,520.00 4.21 358.07 124,526.45 125,652.13

SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
822905AN5 450,000.00 A+ Aa2 11/04/25 11/06/25 449,136.00 4.17 1,289.06 449,147.66 452,347.65

NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 115,000.00 A+ A2 11/12/25 11/19/25 114,943.65 4.16 159.08 114,944.28 115,434.47

NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
665859AY0 460,000.00 A+ A2 11/13/25 11/19/25 459,443.40 4.18 636.33 459,448.12 461,737.88 AMAZON.COM INC (CALLABLE)
DTD 11/20/2025 4.100% 11/20/2030
023135CT1 575,000.00 AA A1 11/17/25 11/20/25 574,384.75 4.12 720.35 574,388.20 577,764.60 PFM Asset Management, a division of Page 11
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Security Type Sub-Total 13,645,000.00 13,478,026.70 4.30 117,443.86 13,581,183.83 13,760,396.20 Bank Note

MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
61690U8E3 525,000.00 A+ Aa3 07/18/24 07/19/24 525,525.00 4.94 9,925.65 525,294.59 532,385.18 Security Type Sub-Total 525,000.00 525,525.00 4.94 9,925.65 525,294.59 532,385.18 Asset-Backed Security
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 25,281.24 AAA NR 07/12/22 07/20/22 25,280.64 3.97 44.61 25,281.06 25,274.51 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 34,008.96 AAA Aaa 09/20/22 09/28/22 34,001.93 4.46 67.41 34,006.75 34,041.48 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 49,991.53 AAA NR 10/04/22 10/12/22 49,983.34 4.82 100.40 49,988.64 50,070.02 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 94,142.89 AAA NR 01/24/23 01/30/23 94,142.84 4.63 193.73 94,142.87 94,328.44 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 57,247.47 NR Aaa 02/13/23 02/23/23 57,241.70 5.05 128.49 57,245.02 57,400.43 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 55,441.25 AAA NR 03/28/23 03/31/23 55,435.47 4.65 114.58 55,438.64 55,558.73 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 183,887.76 AAA NR 08/15/23 08/22/23 183,849.84 5.42 359.25 183,869.06 185,250.73 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
254683CY9 320,000.00 NR Aaa 04/04/23 04/11/23 319,981.44 4.31 612.98 319,991.38 320,258.24 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 170,000.00 AAA NR 06/08/23 06/16/23 169,961.51 4.79 361.91 169,980.77 170,616.08 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 190,000.00 AAA NR 06/07/23 06/14/23 189,983.15 4.87 411.24 189,991.59 190,739.48 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
14041NGD7 490,000.00 AAA NR 05/17/23 05/24/23 489,887.64 4.42 962.58 489,944.54 490,930.02 PFM Asset Management, a division of Page 12
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
254683CZ6 350,000.00 AAA Aaa 06/21/23 06/28/23 349,952.72 4.93 766.89 349,975.82 351,861.65 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 64,539.00 NR Aaa 11/01/23 11/08/23 64,527.64 5.67 101.65 64,532.42 65,245.84 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 224,268.58 AAA Aaa 08/15/23 08/23/23 224,254.67 5.53 551.20 224,261.02 226,097.26 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 405,000.00 AAA NR 09/07/23 09/15/23 404,887.73 5.17 928.80 404,933.86 408,915.54 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 410,000.00 AAA NR 09/12/23 09/19/23 409,981.67 5.23 953.02 409,989.38 414,371.83 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
73329KAD8 100,000.00 AAA NR 05/14/25 05/21/25 99,989.29 4.61 140.86 99,991.10 101,091.50 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 180,000.00 NR Aaa 12/07/23 12/14/23 179,975.83 4.98 398.40 179,985.19 181,864.26 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 495,000.00 AAA NR 04/16/24 04/23/24 494,898.53 5.23 1,150.60 494,898.53 504,497.07 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
437921AD1 115,000.00 NR Aaa 04/29/25 05/08/25 114,987.15 4.15 212.11 114,988.91 115,575.23 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
05594BAD8 80,000.00 NR Aaa 05/06/25 05/12/25 79,994.48 4.35 106.33 79,995.34 80,585.28 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
58773DAD6 550,000.00 NR Aaa 04/08/25 04/09/25 553,673.83 4.62 1,168.44 553,216.28 556,787.55 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
92348KDY6 415,000.00 NR Aaa 03/25/25 03/31/25 414,982.16 4.51 571.89 414,985.42 418,102.95 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
362549AD9 90,000.00 AAA Aaa 05/06/25 05/14/25 89,986.75 4.28 160.50 89,988.17 90,698.76 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
05522RDK1 250,000.00 AAA NR 06/05/25 06/12/25 249,999.05 4.31 478.89 250,000.00 253,089.50 PFM Asset Management, a division of Page 13
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
92970QAJ4 485,000.00 AAA NR 06/03/25 06/10/25 484,991.95 4.34 935.51 484,994.12 491,455.84 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
17305EHA6 550,000.00 AAA Aaa 06/18/25 06/26/25 549,850.79 4.31 10,182.64 549,862.57 556,896.45 Security Type Sub-Total 6,433,808.68 6,436,683.74 4.73 22,164.91 6,436,478.45 6,491,604.67 Managed Account Sub-Total 56,707,806.28 55,321,617.98 4.25 501,369.76 55,806,189.65 56,535,835.25 Joint Powers Authority
CAMP Pool 190,569.55 AAAm NR 190,569.55 0.00 190,569.55 190,569.55 Liquid Sub-Total 190,569.55 190,569.55 0.00 190,569.55 190,569.55 $56,898,375.83 $55,512,187.53 4.25% $501,369.76 $55,996,759.20 $56,726,404.80 $57,227,774.56
$501,369.76
Total Investments
Accrued Interest
Securities Sub-Total
PFM Asset Management, a division of Page 14
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 912828U24 75,000.00 JPMorgan 98.45 73,840.43 3,399.02 (21.55) DTD 11/15/2016 2.000% 11/15/2026

0.95 3.68
US TREASURY N/B 91282CCH2 225,000.00 BMO 94.50 212,633.78 13,992.18 5,203.73 DTD 06/30/2021 1.250% 06/30/2028

2.50 3.47
US TREASURY N/B 91282CCH2 1,275,000.00 MorganSt 94.50 1,204,924.73 35,560.47 2,961.28 DTD 06/30/2021 1.250% 06/30/2028

2.50 3.47
US TREASURY N/B 91282CCH2 1,300,000.00 BMO 94.50 1,228,550.70 54,589.76 14,064.56 DTD 06/30/2021 1.250% 06/30/2028

2.50 3.47
US TREASURY N/B 91282CCH2 2,400,000.00 BMO 94.50 2,268,093.60 56,624.85 1,137.80 DTD 06/30/2021 1.250% 06/30/2028

2.50 3.47
US TREASURY N/B 91282CCH2 2,700,000.00 BMO 94.50 2,551,605.30 163,265.45 56,406.18 DTD 06/30/2021 1.250% 06/30/2028

2.50 3.47
US TREASURY N/B 91282CJR3 1,200,000.00 Citigrou 100.72 1,208,625.60 26,531.85 22,199.88 DTD 01/02/2024 3.750% 12/31/2028

2.86 3.48
US TREASURY N/B 91282CJR3 1,375,000.00 MorganSt 100.72 1,384,883.50 40,230.18 33,816.54 DTD 01/02/2024 3.750% 12/31/2028

2.86 3.48
US TREASURY N/B 91282CJR3 1,475,000.00 JPMorgan 100.72 1,485,602.30 40,908.94 34,971.51 DTD 01/02/2024 3.750% 12/31/2028

2.86 3.48
US TREASURY N/B 91282CJR3 2,600,000.00 MorganSt 100.72 2,618,688.80 52,915.36 45,124.14 DTD 01/02/2024 3.750% 12/31/2028

2.86 3.48
US TREASURY N/B 91282CEV9 600,000.00 Citigrou 99.03 594,163.80 5,109.11 4,054.40 DTD 06/30/2022 3.250% 06/30/2029

3.31 3.51
US TREASURY N/B 91282CEV9 900,000.00 BMO 99.03 891,245.70 12,831.64 9,702.63 DTD 06/30/2022 3.250% 06/30/2029

3.31 3.51
US TREASURY N/B 91282CEV9 900,000.00 BMO 99.03 891,245.70 15,679.29 12,951.32 DTD 06/30/2022 3.250% 06/30/2029

3.31 3.51
US TREASURY N/B 91282CEV9 925,000.00 Citigrou 99.03 916,002.53 13,766.20 12,022.56 DTD 06/30/2022 3.250% 06/30/2029

3.31 3.51
US TREASURY N/B 91282CEV9 1,500,000.00 Citigrou 99.03 1,485,409.50 8,612.62 5,627.63 DTD 06/30/2022 3.250% 06/30/2029

3.31 3.51
US TREASURY N/B 91282CEV9 2,650,000.00 MorganSt 99.03 2,624,223.45 59,106.26 45,619.21 DTD 06/30/2022 3.250% 06/30/2029

3.31 3.51
US TREASURY N/B 91282CEV9 3,900,000.00 RBC Capi 99.03 3,862,064.70 20,412.36 17,025.89 DTD 06/30/2022 3.250% 06/30/2029

3.31 3.51
PFM Asset Management, a division of Page 15
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B 91282CMG3 300,000.00 Citigrou 102.61 307,839.90 1,019.59 1,115.76 DTD 01/31/2025 4.250% 01/31/2030

3.76 3.54
US TREASURY N/B 91282CMG3 975,000.00 HSBC 102.61 1,000,479.68 3,237.49 3,962.87 DTD 01/31/2025 4.250% 01/31/2030

3.76 3.54
Security Type Sub-Total 27,275,000.00 26,810,123.70 627,792.62 327,946.34 2.99 3.49 Municipal Bond / Note
CA ST 13063D3N6 200,000.00 WellsFar 101.40 202,805.80 2,805.80 2,805.80 DTD 03/15/2023 4.846% 03/01/2027

1.19 3.68
Security Type Sub-Total 200,000.00 202,805.80 2,805.80 2,805.80 1.19 3.68 Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2 3137BNGT5 150,008.39 RobertBa 99.63 149,456.06 5,658.96 (217.25) DTD 04/01/2016 2.745% 01/01/2026

0.13 4.31
FHMS K058 A2 3137BSP72 550,000.00 BREAN 98.99 544,429.60 17,589.76 (529.77) DTD 11/01/2016 2.653% 08/01/2026

0.69 3.92
FHMS K061 A2 3137BTUM1 362,852.11 Citigrou 99.15 359,768.59 8,085.52 51.96 DTD 01/01/2017 3.347% 11/01/2026

0.89 4.08
FHMS K064 A2 3137BXQY1 550,000.00 MorganSt 99.17 545,422.35 26,617.66 6,822.95 DTD 05/01/2017 3.224% 03/01/2027

1.12 3.80
FHMS K065 A2 3137F1G44 550,000.00 Citigrou 99.15 545,341.50 18,308.30 3,657.07 DTD 07/01/2017 3.243% 04/01/2027

1.27 3.76
FHMS KJ48 A1 3137HBC69 379,608.07 JPMorgan 101.80 386,426.97 6,821.94 6,819.79 DTD 12/01/2023 4.858% 05/01/2028

2.04 3.85
FHMS KJ46 A1 3137HAD45 430,689.59 JPMorgan 100.87 434,441.32 3,762.47 3,757.35 DTD 07/01/2023 4.777% 06/01/2028

1.49 4.02
FHMS K505 A2 3137HACX2 550,000.00 JPMorgan 102.13 561,739.20 6,245.80 8,879.54 DTD 07/01/2023 4.819% 06/01/2028

2.29 3.78
FNA 2023-M6 A2 3136BQDE6 525,060.92 JPMorgan 100.46 527,495.10 11,335.61 7,167.72 DTD 07/01/2023 4.190% 07/01/2028

2.42 3.89
FHMS K508 A2 3137HAQ74 500,000.00 BMO 102.08 510,378.50 21,346.50 16,916.62 DTD 10/01/2023 4.740% 08/01/2028

2.46 3.80
PFM Asset Management, a division of Page 16
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Commercial Mortgage-Backed Security
FHMS K506 A2 3137HAMH6 800,000.00 WellsFar 101.83 814,627.20 26,461.60 21,541.88 DTD 09/01/2023 4.650% 08/01/2028

2.43 3.80
FHMS K509 A2 3137HAST4 375,000.00 MorganSt 102.44 384,138.37 21,094.49 16,534.91 DTD 10/01/2023 4.850% 09/01/2028

2.54 3.80
FHMS K507 A2 3137HAMS2 500,000.00 BOFAML 102.39 511,940.50 17,917.00 15,559.46 DTD 09/01/2023 4.800% 09/01/2028

2.49 3.75
FHMS K510 A2 3137HB3D4 180,000.00 JPMorgan 102.99 185,378.04 5,898.42 5,700.66 DTD 11/01/2023 5.069% 10/01/2028

2.57 3.82
FHMS K511 A2 3137HB3G7 275,000.00 BOFAML 102.64 282,269.90 8,059.97 7,762.81 DTD 12/01/2023 4.860% 10/01/2028

2.61 3.76
FHMS K514 A2 3137HBLV4 290,000.00 JPMorgan 101.85 295,364.13 2,464.42 3,466.83 DTD 02/01/2024 4.572% 12/01/2028

2.69 3.80
FHMS K524 A2 3137HDV56 440,000.00 PIER 102.53 451,139.04 8,437.00 9,097.78 DTD 07/01/2024 4.720% 05/01/2029

3.13 3.84
FHMS K522 A2 3137HDJJ0 535,778.54 MorganSt 102.70 550,222.06 14,445.13 14,443.52 DTD 06/01/2024 4.803% 05/01/2029

3.00 3.83
FHMS K526 A2 3137HDXL9 495,000.00 BMO 102.05 505,142.55 5,512.32 6,625.95 DTD 08/01/2024 4.543% 07/01/2029

3.28 3.85
FHMS K539 A2 3137HKXJ8 190,000.00 JPMorgan 101.79 193,398.72 3,405.37 3,404.50 DTD 04/01/2025 4.410% 01/01/2030

3.71 3.86
Security Type Sub-Total 8,628,997.60 8,738,519.70 239,468.24 157,464.28 2.17 3.85 Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 Citigrou 04/15/26 98.70 222,066.90 (2,541.60) (2,897.35) DTD 05/19/2021 1.150% 05/15/2026

0.46 4.01
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 SUMITR 07/12/26 98.13 171,732.75 (3,214.75) (3,259.91) DTD 08/12/2021 1.250% 08/12/2026

0.69 3.99
CATERPILLAR FINL SERVICE 14913R2U0 225,000.00 JPMorgan 97.80 220,058.55 (3,805.20) (4,690.15) DTD 01/10/2022 1.700% 01/08/2027

1.07 3.75
TARGET CORP (CALLABLE) 87612EBM7 40,000.00 Citigrou 12/15/26 97.98 39,193.08 (738.92) (791.58) DTD 01/24/2022 1.950% 01/15/2027

1.10 3.78
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 Deutsche 12/24/26 98.01 465,556.05 (8,389.45) (9,200.56) DTD 01/26/2022 2.050% 01/26/2027

1.11 3.83
PFM Asset Management, a division of Page 17
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
MICROSOFT CORP (CALLABLE) 594918BY9 750,000.00 GoldmanS 11/06/26 99.65 747,345.00 25,402.50 5,868.54 DTD 02/06/2017 3.300% 02/06/2027

1.04 3.59
AMERICAN EXPRESS CO (CALLABLE) 025816CS6 300,000.00 RBS 02/01/27 98.38 295,138.50 17,935.50 2,088.06 DTD 03/04/2022 2.550% 03/04/2027

1.20 3.88
BERKSHIRE HATHAWAY FIN (CALLABLE) 084664CZ2 475,000.00 SEEL 02/15/27 98.30 466,904.10 815.10 (5,796.29) DTD 03/15/2022 2.300% 03/15/2027

1.24 3.66
CHARLES SCHWAB CORP (CALLABLE) 808513BW4 300,000.00 Barclays 01/01/27 99.20 297,607.20 12,682.20 2,499.70 DTD 09/24/2021 3.300% 04/01/2027

1.22 3.92
NATIONAL AUSTRALIA BK/NY 63254ABE7 500,000.00 CAS 100.15 500,735.50 12,410.50 4,782.24 DTD 06/09/2022 3.905% 06/09/2027

1.45 3.79
APPLE INC (CALLABLE) 037833DB3 775,000.00 TD Secur 06/12/27 98.71 764,966.07 23,903.32 3,000.09 DTD 09/12/2017 2.900% 09/12/2027

1.64 3.66
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WellsFar 101.58 380,918.63 4,636.13 5,367.85 DTD 01/12/2023 4.625% 01/12/2028

1.98 3.84
NATIONAL RURAL UTIL COOP (CALLABLE) 637432NP6 350,000.00 MorganSt 11/07/27 98.96 346,349.85 17,160.85 5,513.69 DTD 02/07/2018 3.400% 02/07/2028

1.99 3.87
TEXAS INSTRUMENTS INC (CALLABLE) 882508BV5 85,000.00 JPMorgan 01/15/28 101.61 86,372.33 (671.07) 441.41 DTD 11/18/2022 4.600% 02/15/2028

2.02 3.80
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122DE5 375,000.00 MAXE 12/04/25 100.18 375,679.50 17,415.75 8,204.69 DTD 07/15/2020 3.900% 02/20/2028

1.96 3.81
LOCKHEED MARTIN CORP (CALLABLE) 539830BZ1 60,000.00 Barclays 04/15/28 101.32 60,791.82 899.82 845.16 DTD 05/25/2023 4.450% 05/15/2028

2.27 3.88
JOHN DEERE CAPITAL CORP 24422EXB0 375,000.00 Citigrou 102.75 385,314.00 7,449.00 8,803.83 DTD 07/14/2023 4.950% 07/14/2028

2.40 3.83
CITIBANK NA (CALLABLE) 17325FBB3 750,000.00 Barclays 08/29/28 104.96 787,218.75 40,938.75 39,458.38 DTD 09/29/2023 5.803% 09/29/2028

2.52 3.93
AIR PRODUCTS & CHEMICALS (CALLABLE) 009158BH8 340,000.00 Barclays 01/08/29 101.98 346,719.42 7,171.62 7,019.25 DTD 02/08/2024 4.600% 02/08/2029

2.86 3.93
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 420,000.00 Citigrou 01/26/29 102.77 431,631.48 11,778.48 11,729.70 DTD 02/26/2024 4.850% 02/26/2029

2.90 3.93
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 50,000.00 Citigrou 02/14/29 102.44 51,221.55 1,312.05 1,283.23 DTD 03/14/2024 4.700% 03/14/2029

2.95 3.90
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 725,000.00 BOFAML 02/14/29 102.44 742,712.48 17,357.23 17,467.93 DTD 03/14/2024 4.700% 03/14/2029

2.95 3.90
PFM Asset Management, a division of Page 18
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
ADOBE INC (CALLABLE) 00724PAF6 170,000.00 SEEL 03/04/29 102.82 174,800.63 5,025.03 4,956.23 DTD 04/04/2024 4.800% 04/04/2029

3.00 3.89
ADOBE INC (CALLABLE) 00724PAF6 205,000.00 BOFAML 03/04/29 102.82 210,788.99 6,094.44 6,001.01 DTD 04/04/2024 4.800% 04/04/2029

3.00 3.89
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 110,000.00 SEEL 04/23/28 101.96 112,157.87 2,069.87 2,086.44 DTD 04/23/2025 4.970% 04/23/2029

2.24 4.44
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 290,000.00 WellsFar 04/23/28 101.96 295,688.93 5,688.93 5,688.93 DTD 04/23/2025 4.970% 04/23/2029

2.24 4.44
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 600,000.00 BOFAML 05/09/28 101.36 608,187.00 8,187.00 8,187.00 DTD 05/09/2025 4.623% 05/09/2029

2.28 4.35
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MorganSt 05/25/29 102.58 128,229.75 4,036.00 3,824.34 DTD 06/25/2024 4.750% 06/25/2029

3.16 3.93
HOME DEPOT INC (CALLABLE) 437076DC3 250,000.00 PNCBank 05/25/29 102.58 256,459.50 7,832.00 7,471.14 DTD 06/25/2024 4.750% 06/25/2029

3.16 3.93
AMERICAN HONDA FINANCE 02665WFQ9 400,000.00 Deutsche 100.94 403,760.80 4,240.80 4,131.11 DTD 09/05/2024 4.400% 09/05/2029

3.41 4.13
MARS INC (CALLABLE) 571676AY1 115,000.00 BOFAML 02/01/30 102.44 117,803.82 2,928.02 2,911.77 DTD 03/12/2025 4.800% 03/01/2030

3.75 4.13
STATE STREET CORP (CALLABLE) 857477DB6 200,000.00 MorganSt 03/24/30 103.13 206,251.60 6,251.60 6,251.60 DTD 04/24/2025 4.834% 04/24/2030

3.90 4.02
PACCAR FINANCIAL CORP 69371RT71 400,000.00 TD Secur 102.04 408,176.40 8,796.40 8,732.57 DTD 05/08/2025 4.550% 05/08/2030

3.99 4.01
ANALOG DEVICES INC (CALLABLE) 032654BE4 400,000.00 BOFAML 05/15/30 101.74 406,953.60 7,305.60 7,275.32 DTD 06/16/2025 4.500% 06/15/2030

3.96 4.08
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 510,000.00 JPMorgan 10/05/30 100.39 511,967.07 3,497.07 3,474.98 DTD 11/05/2025 4.100% 11/05/2030

4.40 3.99
SHELL FINANCE US INC (CALLABLE) 822905AN5 125,000.00 MorganSt 10/06/30 100.52 125,652.13 1,132.13 1,125.68 DTD 11/06/2025 4.125% 11/06/2030

4.40 3.98
SHELL FINANCE US INC (CALLABLE) 822905AN5 450,000.00 RBC Capi 10/06/30 100.52 452,347.65 3,211.65 3,199.99 DTD 11/06/2025 4.125% 11/06/2030

4.40 3.98
NORTHERN TRUST CORP 665859AY0 115,000.00 BOFAML 100.38 115,434.47 490.82 490.19 DTD 11/19/2025 4.150% 11/19/2030

4.46 4.04
NORTHERN TRUST CORP 665859AY0 460,000.00 CIDLY 100.38 461,737.88 2,294.48 2,289.76 DTD 11/19/2025 4.150% 11/19/2030

4.46 4.04
PFM Asset Management, a division of Page 19
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
AMAZON.COM INC (CALLABLE) 023135CT1 575,000.00 JPMorgan 10/20/30 100.48 577,764.60 3,379.85 3,376.40 DTD 11/20/2025 4.100% 11/20/2030

4.43 3.99
Security Type Sub-Total 13,645,000.00 13,760,396.20 282,369.50 179,212.37 2.58 3.92 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8E3 525,000.00 Citigrou 07/14/27 101.41 532,385.18 6,860.18 7,090.59 DTD 07/19/2024 4.968% 07/14/2028

1.53 4.37
Security Type Sub-Total 525,000.00 532,385.18 6,860.18 7,090.59 1.53 4.37 Asset-Backed Security
CARMX 2022-3 A3 14318MAD1 25,281.24 RBC Capi 99.97 25,274.51 (6.13) (6.55) DTD 07/20/2022 3.970% 04/15/2027

0.14 4.20
NAROT 2022-B A3 65480JAC4 34,008.96 WellsFar 100.10 34,041.48 39.55 34.73 DTD 09/28/2022 4.460% 05/17/2027

0.26 4.18
GMCAR 2022-4 A3 36265QAD8 49,991.53 RBC Capi 100.16 50,070.02 86.68 81.38 DTD 10/12/2022 4.820% 08/16/2027

0.20 4.08
TAOT 2023-A A3 891940AC2 94,142.89 BOFAML 100.20 94,328.44 185.60 185.57 DTD 01/30/2023 4.630% 09/15/2027

0.38 4.18
HDMOT 2023-A A3 41285JAD0 57,247.47 JPMorgan 100.27 57,400.43 158.73 155.41 DTD 02/23/2023 5.050% 12/15/2027

0.33 4.32
FORDO 2023-A A3 344928AD8 55,441.25 BNPPSA 100.21 55,558.73 123.26 120.09 DTD 03/31/2023 4.650% 02/15/2028

0.45 4.25
HAROT 2023-3 A3 43815QAC1 183,887.76 BOFAML 100.74 185,250.73 1,400.89 1,381.67 DTD 08/22/2023 5.410% 02/18/2028

0.56 4.14
DCENT 2023-A1 A 254683CY9 320,000.00 RBC Capi 100.08 320,258.24 276.80 266.86 DTD 04/11/2023 4.310% 03/15/2028

0.28 4.06
BACCT 2023-A1 A1 05522RDG0 170,000.00 BOFAML 100.36 170,616.08 654.57 635.31 DTD 06/16/2023 4.790% 05/15/2028

0.44 4.02
AMXCA 2023-1 A 02582JJZ4 190,000.00 RBC Capi 100.39 190,739.48 756.33 747.89 DTD 06/14/2023 4.870% 05/15/2028

0.44 4.04
COMET 2023-A1 A 14041NGD7 490,000.00 RBC Capi 100.19 490,930.02 1,042.38 985.48 DTD 05/24/2023 4.420% 05/15/2028

0.44 4.03
PFM Asset Management, a division of Page 20
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
DCENT 2023-A2 A 254683CZ6 350,000.00 BOFAML 100.53 351,861.65 1,908.93 1,885.83 DTD 06/28/2023 4.930% 06/15/2028

0.53 3.96
HAROT 2023-4 A3 438123AC5 64,539.00 JPMorgan 101.10 65,245.84 718.20 713.42 DTD 11/08/2023 5.670% 06/21/2028

0.73 4.23
FITAT 2023-1 A3 31680EAD3 224,268.58 JPMorgan 100.82 226,097.26 1,842.59 1,836.24 DTD 08/23/2023 5.530% 08/15/2028

0.63 4.30
CHAIT 2023-A1 A 161571HT4 405,000.00 JPMorgan 100.97 408,915.54 4,027.81 3,981.68 DTD 09/15/2023 5.160% 09/15/2028

0.77 3.95
AMXCA 2023-3 A 02582JKD1 410,000.00 Citigrou 101.07 414,371.83 4,390.16 4,382.45 DTD 09/19/2023 5.230% 09/15/2028

0.77 3.89
PILOT 2025-1A A3 73329KAD8 100,000.00 Barclays 101.09 101,091.50 1,102.21 1,100.40 DTD 05/21/2025 4.610% 10/20/2028

1.63 3.98
BACCT 2023-A2 A2 05522RDH8 180,000.00 BOFAML 101.04 181,864.26 1,888.43 1,879.07 DTD 12/14/2023 4.980% 11/15/2028

0.92 3.91
AMXCA 2024-1 A 02582JKH2 495,000.00 Barclays 101.92 504,497.07 9,598.54 9,598.54 DTD 04/23/2024 5.230% 04/16/2029

1.30 3.82
HAROT 2025-2 A3 437921AD1 115,000.00 JPMorgan 100.50 115,575.23 588.08 586.32 DTD 05/08/2025 4.150% 10/15/2029

1.80 3.90
BAAT 2025-1A A3 05594BAD8 80,000.00 BOFAML 100.73 80,585.28 590.80 589.94 DTD 05/12/2025 4.350% 11/20/2029

1.43 3.88
MBART 2025-1 A3 58773DAD6 550,000.00 WellsFar 101.23 556,787.55 3,113.72 3,571.27 DTD 01/23/2025 4.780% 12/17/2029

1.28 3.86
VZMT 2025-3 A1A 92348KDY6 415,000.00 BOFAML 100.75 418,102.95 3,120.79 3,117.53 DTD 03/31/2025 4.510% 03/20/2030

1.78 4.18
GMCAR 2025-2 A3 362549AD9 90,000.00 TD Secur 100.78 90,698.76 712.01 710.59 DTD 05/14/2025 4.280% 04/16/2030

1.77 3.87
BACCT 2025-A1 A 05522RDK1 250,000.00 BOFAML 101.24 253,089.50 3,090.45 3,089.50 DTD 06/12/2025 4.310% 05/15/2030

2.29 3.81
WFCIT 2025-A1 A 92970QAJ4 485,000.00 WellsFar 101.33 491,455.84 6,463.89 6,461.72 DTD 06/10/2025 4.340% 05/15/2030

2.30 3.78
CCCIT 2025-A1 A 17305EHA6 550,000.00 Citigrou 101.25 556,896.45 7,045.66 7,033.88 DTD 06/26/2025 4.300% 06/21/2030

2.36 3.78
Security Type Sub-Total 6,433,808.68 6,491,604.67 54,920.93 55,126.22 1.18 3.96 PFM Asset Management, a division of Page 21
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Managed Account Sub-Total 56,707,806.28 56,535,835.25 1,214,217.27 729,645.60 2.53 3.71 Joint Powers Authority
CAMP Pool 190,569.55 1.00 190,569.55 0.00 0.00 0.00
Liquid Sub-Total 190,569.55 190,569.55 0.00 0.00 0.00
Total Investments $57,227,774.56
$501,369.76
$56,726,404.80
Accrued Interest
Securities Sub-Total $56,898,375.83 $1,214,217.27 $729,645.60 2.53 3.71% PFM Asset Management, a division of Page 22
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
11/05/25 NOVARTIS CAPITAL CORP (CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
11/03/25 66989HAY4 510,000.00 (508,470.00) 0.00 (508,470.00) 11/06/25 SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
11/03/25 822905AN5 125,000.00 (124,520.00) 0.00 (124,520.00) 11/06/25 SHELL FINANCE US INC (CALLABLE)
DTD 11/06/2025 4.125% 11/06/2030
11/04/25 822905AN5 450,000.00 (449,136.00) 0.00 (449,136.00) 11/07/25 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
11/04/25 91282CMG3 300,000.00 (306,820.31) (3,430.03) (310,250.34) 11/19/25 NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
11/12/25 665859AY0 115,000.00 (114,943.65) 0.00 (114,943.65) 11/19/25 NORTHERN TRUST CORP
DTD 11/19/2025 4.150% 11/19/2030
11/13/25 665859AY0 460,000.00 (459,443.40) 0.00 (459,443.40) 11/20/25 AMAZON.COM INC (CALLABLE)
DTD 11/20/2025 4.100% 11/20/2030
11/17/25 023135CT1 575,000.00 (574,384.75) 0.00 (574,384.75) Transaction Type Sub-Total 2,535,000.00 (2,537,718.11) (3,430.03) (2,541,148.14)

INTEREST
11/01/25 CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
11/01/25 13077DQD7 0.00 366.35 366.35
11/25/25 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
11/01/25 3137HBLV4 0.00 1,104.90 1,104.90
11/25/25 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
11/01/25 3137F1G44 0.00 1,486.38 1,486.38
11/25/25 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
11/01/25 3137BXQY1 0.00 1,477.67 1,477.67
11/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
11/01/25 3136BQDE6 0.00 1,833.51 1,833.51
11/25/25 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
11/01/25 3137HB3G7 0.00 1,113.75 1,113.75
11/25/25 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
11/01/25 3137HAQ74 0.00 1,975.00 1,975.00
11/25/25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
11/01/25 3137HAST4 0.00 1,515.63 1,515.63
PFM Asset Management, a division of Page 23
U.S. Bancorp Asset Management, Inc.

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

INTEREST
11/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
11/01/25 3137HBC69 0.00 1,540.82 1,540.82
11/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
11/01/25 3137BTUM1 0.00 1,014.17 1,014.17
11/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
11/01/25 3137HDJJ0 0.00 2,144.66 2,144.66
11/25/25 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
11/01/25 3137HACX2 0.00 2,208.71 2,208.71
11/25/25 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
11/01/25 3137HB3D4 0.00 760.35 760.35
11/25/25 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
11/01/25 3137BSP72 0.00 1,215.96 1,215.96
11/25/25 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
11/01/25 3137HDV56 0.00 1,730.67 1,730.67
11/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
11/01/25 3137HAD45 0.00 1,716.46 1,716.46
11/25/25 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
11/01/25 3137HDXL9 0.00 1,873.99 1,873.99
11/25/25 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
11/01/25 3137HAMS2 0.00 2,000.00 2,000.00
11/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
11/01/25 3137BNGT5 0.00 445.38 445.38
11/25/25 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
11/01/25 3137HKXJ8 0.00 698.25 698.25
11/25/25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
11/01/25 3137HAMH6 0.00 3,100.00 3,100.00
11/03/25 NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
11/03/25 65558UYF3 0.00 12,442.50 12,442.50
11/07/25 FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
11/07/25 3135G06G3 0.00 1,625.00 1,625.00
11/08/25 PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
11/08/25 69371RT71 0.00 9,100.00 9,100.00
11/09/25 BANK OF AMERICA CORP (CALLABLE)
DTD 05/09/2025 4.623% 05/09/2029
11/09/25 06051GMT3 0.00 13,869.00 13,869.00
PFM Asset Management, a division of Page 24
U.S. Bancorp Asset Management, Inc.

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

INTEREST
11/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
11/15/25 41285JAD0 0.00 273.97 273.97
11/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
11/15/25 344928AD8 0.00 238.81 238.81
11/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
11/15/25 05522RDH8 0.00 747.00 747.00
11/15/25 US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
11/15/25 912828U24 0.00 750.00 750.00
11/15/25 LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
11/15/25 539830BZ1 0.00 1,335.00 1,335.00
11/15/25 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
11/15/25 05522RDG0 0.00 678.58 678.58
11/15/25 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
11/15/25 02582JJZ4 0.00 771.08 771.08
11/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
11/15/25 65480JAC4 0.00 147.15 147.15
11/15/25 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
11/15/25 02582JKD1 0.00 1,786.92 1,786.92
11/15/25 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
11/15/25 254683CY9 0.00 1,149.33 1,149.33
11/15/25 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
11/15/25 14041NGD7 0.00 1,804.83 1,804.83
11/15/25 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
11/15/25 02582JKH2 0.00 2,157.37 2,157.37
11/15/25 UNITEDHEALTH GROUP INC
(CALLABLE)
DTD 05/19/2021 1.150% 05/15/2026
11/15/25 91324PEC2 0.00 1,293.75 1,293.75
11/15/25 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
11/15/25 05522RDK1 0.00 897.92 897.92
11/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
11/15/25 31680EAD3 0.00 1,119.84 1,119.84
11/15/25 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
11/15/25 161571HT4 0.00 1,741.50 1,741.50
PFM Asset Management, a division of Page 25
U.S. Bancorp Asset Management, Inc.

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

INTEREST
11/15/25 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
11/15/25 58773DAD6 0.00 2,190.83 2,190.83
11/15/25 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
11/15/25 92970QAJ4 0.00 1,754.08 1,754.08
11/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
11/15/25 14318MAD1 0.00 111.34 111.34
11/15/25 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
11/15/25 437921AD1 0.00 397.71 397.71
11/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
11/15/25 891940AC2 0.00 406.91 406.91
11/15/25 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
11/15/25 254683CZ6 0.00 1,437.92 1,437.92
11/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
11/16/25 36265QAD8 0.00 249.09 249.09
11/16/25 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
11/16/25 362549AD9 0.00 321.00 321.00
11/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
11/18/25 43815QAC1 0.00 908.88 908.88
11/20/25 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
11/20/25 92348KDY6 0.00 1,559.71 1,559.71
11/20/25 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
11/20/25 73329KAD8 0.00 384.17 384.17
11/20/25 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
11/20/25 05594BAD8 0.00 290.00 290.00
11/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
11/21/25 438123AC5 0.00 327.99 327.99
Transaction Type Sub-Total 0.00 95,591.79 95,591.79

MATURITY
11/01/25 CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
11/01/25 13077DQD7 85,000.00 85,000.00 0.00 85,000.00 0.00 0.00 11/03/25 NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
11/03/25 65558UYF3 450,000.00 450,000.00 0.00 450,000.00 0.00 0.00 PFM Asset Management, a division of Page 26
U.S. Bancorp Asset Management, Inc.

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

MATURITY
11/07/25 FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
11/07/25 3135G06G3 650,000.00 650,000.00 0.00 650,000.00 2,327.00 0.00 Transaction Type Sub-Total 1,185,000.00 1,185,000.00 0.00 1,185,000.00 2,327.00 0.00

PAYDOWNS
11/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
11/01/25 3137HAD45 492.32 492.32 0.00 492.32 0.01 0.01
11/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
11/01/25 3137BTUM1 759.96 759.96 0.00 759.96 23.39 7.12 11/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
11/01/25 3137BNGT5 44,692.88 44,692.88 0.00 44,692.88 1,850.56 155.29 11/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
11/01/25 3137HDJJ0 52.68 52.68 0.00 52.68 0.00 0.00
11/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
11/01/25 3137HBC69 997.97 997.97 0.00 997.97 0.01 0.00
11/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.190% 07/01/2028
11/01/25 3136BQDE6 50.03 50.03 0.00 50.03 0.85 0.47
11/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
11/15/25 31680EAD3 18,733.91 18,733.91 0.00 18,733.91 1.16 0.64 11/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
11/15/25 41285JAD0 7,854.19 7,854.19 0.00 7,854.19 0.79 0.34 11/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
11/15/25 891940AC2 11,319.36 11,319.36 0.00 11,319.36 0.00 0.00 11/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
11/15/25 14318MAD1 8,372.08 8,372.08 0.00 8,372.08 0.20 0.06 11/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
11/15/25 344928AD8 6,186.55 6,186.55 0.00 6,186.55 0.64 0.29 11/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
11/15/25 65480JAC4 5,581.61 5,581.61 0.00 5,581.61 1.15 0.37 11/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
11/16/25 36265QAD8 12,022.62 12,022.62 0.00 12,022.62 1.97 0.71 11/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
11/18/25 43815QAC1 17,711.93 17,711.93 0.00 17,711.93 3.65 1.83 PFM Asset Management, a division of Page 27
U.S. Bancorp Asset Management, Inc.

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

PAYDOWNS
11/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
11/21/25 438123AC5 4,876.18 4,876.18 0.00 4,876.18 0.86 0.50 Transaction Type Sub-Total 139,704.27 139,704.27 0.00 139,704.27 1,885.24 167.63 SELL
11/20/25 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
11/17/25 91282CCH2 200,000.00 188,359.38 971.47 189,330.85 11,445.32 3,694.65 FIFO Transaction Type Sub-Total 200,000.00 188,359.38 971.47 189,330.85 11,445.32 3,694.65 Managed Account Sub-Total (1,024,654.46) 93,133.23 (931,521.23) 15,657.56 3,862.28 Total Security Transactions ($1,024,654.46) $93,133.23 ($931,521.23) $15,657.56 $3,862.28 PFM Asset Management, a division of Page 28
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
Opening Balance 1,124,172.64
11/03/25 11/03/25 Purchase - Interest 65558UYF3 1.00 12,442.50 1,136,615.14 11/03/25 11/03/25 Purchase - Interest 13077DQD7 1.00 366.35 1,136,981.49 11/03/25 11/03/25 Purchase - Principal 65558UYF3 1.00 450,000.00 1,586,981.49 11/03/25 11/03/25 Purchase - Principal 13077DQD7 1.00 85,000.00 1,671,981.49 11/05/25 11/05/25 Redemption - Principal 66989HAY4 1.00 (508,470.00) 1,163,511.49 11/06/25 11/06/25 Redemption - Principal 822905AN5 1.00 (124,520.00) 1,038,991.49 11/06/25 11/06/25 Redemption - Principal 822905AN5 1.00 (449,136.00) 589,855.49 11/07/25 11/07/25 Purchase - Interest 3135G06G3 1.00 1,625.00 591,480.49 11/07/25 11/07/25 Purchase - Principal 3135G06G3 1.00 650,000.00 1,241,480.49 11/07/25 11/07/25 Redemption - Interest 91282CMG3 1.00 (3,430.03) 1,238,050.46 11/07/25 11/07/25 Redemption - Principal 91282CMG3 1.00 (306,820.31) 931,230.15 11/10/25 11/10/25 Purchase - Interest 06051GMT3 1.00 13,869.00 945,099.15 11/10/25 11/10/25 Purchase - Interest 69371RT71 1.00 9,100.00 954,199.15 11/10/25 11/10/25 U.S. Bank Fees August 2025 1.00 223.29 954,422.44 11/12/25 11/12/25 U.S. Bank Fees August 2025 1.00 (246.95) 954,175.49 11/17/25 11/17/25 Purchase - Interest 539830BZ1 1.00 1,335.00 955,510.49 11/17/25 11/17/25 Purchase - Interest 912828U24 1.00 750.00 956,260.49 11/17/25 11/17/25 Purchase - Interest 91324PEC2 1.00 1,293.75 957,554.24 11/17/25 11/17/25 Purchase - Interest 02582JJZ4 1.00 771.08 958,325.32 11/17/25 11/17/25 Purchase - Interest 02582JKD1 1.00 1,786.92 960,112.24 11/17/25 11/17/25 Purchase - Interest 02582JKH2 1.00 2,157.37 962,269.61 PFM Asset Management, a division of Page 29
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
11/17/25 11/17/25 Purchase - Interest 05522RDG0 1.00 678.58 962,948.19 11/17/25 11/17/25 Purchase - Interest 05522RDH8 1.00 747.00 963,695.19 11/17/25 11/17/25 Purchase - Interest 05522RDK1 1.00 897.92 964,593.11 11/17/25 11/17/25 Purchase - Interest 14041NGD7 1.00 1,804.83 966,397.94 11/17/25 11/17/25 Purchase - Interest 14318MAD1 1.00 111.34 966,509.28 11/17/25 11/17/25 Purchase - Interest 161571HT4 1.00 1,741.50 968,250.78 11/17/25 11/17/25 Purchase - Interest 254683CY9 1.00 1,149.33 969,400.11 11/17/25 11/17/25 Purchase - Interest 254683CZ6 1.00 1,437.92 970,838.03 11/17/25 11/17/25 Purchase - Interest 31680EAD3 1.00 1,119.84 971,957.87 11/17/25 11/17/25 Purchase - Interest 344928AD8 1.00 238.81 972,196.68 11/17/25 11/17/25 Purchase - Interest 362549AD9 1.00 321.00 972,517.68 11/17/25 11/17/25 Purchase - Interest 36265QAD8 1.00 249.09 972,766.77 11/17/25 11/17/25 Purchase - Interest 41285JAD0 1.00 273.97 973,040.74 11/17/25 11/17/25 Purchase - Interest 437921AD1 1.00 397.71 973,438.45 11/17/25 11/17/25 Purchase - Interest 58773DAD6 1.00 2,190.83 975,629.28 11/17/25 11/17/25 Purchase - Interest 65480JAC4 1.00 147.15 975,776.43 11/17/25 11/17/25 Purchase - Interest 891940AC2 1.00 406.91 976,183.34 11/17/25 11/17/25 Purchase - Interest 92970QAJ4 1.00 1,754.08 977,937.42 11/17/25 11/17/25 Purchase - Principal 14318MAD1 1.00 8,372.08 986,309.50 11/17/25 11/17/25 Purchase - Principal 31680EAD3 1.00 18,733.91 1,005,043.41 11/17/25 11/17/25 Purchase - Principal 344928AD8 1.00 6,186.55 1,011,229.96 11/17/25 11/17/25 Purchase - Principal 891940AC2 1.00 11,319.36 1,022,549.32 PFM Asset Management, a division of Page 30
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
11/17/25 11/17/25 Purchase - Principal 65480JAC4 1.00 5,581.61 1,028,130.93 11/17/25 11/17/25 Purchase - Principal 41285JAD0 1.00 7,854.19 1,035,985.12 11/17/25 11/17/25 Purchase - Principal 36265QAD8 1.00 12,022.62 1,048,007.74 11/18/25 11/18/25 Purchase - Interest 43815QAC1 1.00 908.88 1,048,916.62 11/18/25 11/18/25 Purchase - Principal 43815QAC1 1.00 17,711.93 1,066,628.55 11/19/25 11/19/25 Redemption - Principal 665859AY0 1.00 (114,943.65) 951,684.90 11/19/25 11/19/25 Redemption - Principal 665859AY0 1.00 (459,443.40) 492,241.50 11/20/25 11/20/25 Purchase - Interest 05594BAD8 1.00 290.00 492,531.50 11/20/25 11/20/25 Purchase - Interest 73329KAD8 1.00 384.17 492,915.67 11/20/25 11/20/25 Purchase - Interest 92348KDY6 1.00 1,559.71 494,475.38 11/20/25 11/20/25 Purchase - Principal 91282CCH2 1.00 188,359.38 682,834.76 11/20/25 11/20/25 Purchase - Interest 91282CCH2 1.00 971.47 683,806.23 11/20/25 11/20/25 Redemption - Principal 023135CT1 1.00 (574,384.75) 109,421.48 11/21/25 11/21/25 Purchase - Interest 438123AC5 1.00 327.99 109,749.47 11/21/25 11/21/25 Purchase - Principal 438123AC5 1.00 4,876.18 114,625.65 11/25/25 11/25/25 Purchase - Interest 3136BQDE6 1.00 1,833.51 116,459.16 11/25/25 11/25/25 Purchase - Interest 3137BNGT5 1.00 445.38 116,904.54 11/25/25 11/25/25 Purchase - Interest 3137BSP72 1.00 1,215.96 118,120.50 11/25/25 11/25/25 Purchase - Interest 3137BTUM1 1.00 1,014.17 119,134.67 11/25/25 11/25/25 Purchase - Interest 3137BXQY1 1.00 1,477.67 120,612.34 11/25/25 11/25/25 Purchase - Interest 3137F1G44 1.00 1,486.38 122,098.72 11/25/25 11/25/25 Purchase - Interest 3137HACX2 1.00 2,208.71 124,307.43 PFM Asset Management, a division of Page 31
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned CAMP Pool
11/25/25 11/25/25 Purchase - Interest 3137HAD45 1.00 1,716.46 126,023.89 11/25/25 11/25/25 Purchase - Interest 3137HAMH6 1.00 3,100.00 129,123.89 11/25/25 11/25/25 Purchase - Interest 3137HAMS2 1.00 2,000.00 131,123.89 11/25/25 11/25/25 Purchase - Interest 3137HAQ74 1.00 1,975.00 133,098.89 11/25/25 11/25/25 Purchase - Interest 3137HAST4 1.00 1,515.63 134,614.52 11/25/25 11/25/25 Purchase - Interest 3137HB3D4 1.00 760.35 135,374.87 11/25/25 11/25/25 Purchase - Interest 3137HB3G7 1.00 1,113.75 136,488.62 11/25/25 11/25/25 Purchase - Interest 3137HBC69 1.00 1,540.82 138,029.44 11/25/25 11/25/25 Purchase - Interest 3137HBLV4 1.00 1,104.90 139,134.34 11/25/25 11/25/25 Purchase - Interest 3137HDJJ0 1.00 2,144.66 141,279.00 11/25/25 11/25/25 Purchase - Interest 3137HDV56 1.00 1,730.67 143,009.67 11/25/25 11/25/25 Purchase - Interest 3137HDXL9 1.00 1,873.99 144,883.66 11/25/25 11/25/25 Purchase - Interest 3137HKXJ8 1.00 698.25 145,581.91 11/25/25 11/25/25 Purchase - Principal 3137HAD45 1.00 492.32 146,074.23 11/25/25 11/25/25 Purchase - Principal 3137HDJJ0 1.00 52.68 146,126.91 11/25/25 11/25/25 Purchase - Principal 3137HBC69 1.00 997.97 147,124.88 11/25/25 11/25/25 Purchase - Principal 3137BTUM1 1.00 759.96 147,884.84 11/25/25 11/25/25 Purchase - Principal 3137BNGT5 1.00 44,692.88 192,577.72 11/25/25 11/25/25 Purchase - Principal 3136BQDE6 1.00 50.03 192,627.75 11/28/25 11/28/25 IP Fees October 2025 1.00 (4,199.64) 188,428.11 11/28/25 11/28/25 U.S. Bank Fees September 2025 1.00 (239.19) 188,188.92 11/28/25 12/01/25 Accrual Income Div Reinvestment - Distributions 1.00 2,380.63 190,569.55 PFM Asset Management, a division of Page 32
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending November 30, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade Settlement Share or Dollar Amount Total
Date Date Transaction Description Unit Price of Transaction Shares Owned 190,569.55
190,569.55
190,569.55
704,782.73
13,850.41

0.00 (22,802,820.14)
22,723,469.77
269,919.92
2,380.63
190,569.55

0.00 (2,545,833.92)
1,612,230.83
1,124,172.64
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Month of Fiscal YTD
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
November January-November

4.10%
PFM Asset Management, a division of Page 33
U.S. Bancorp Asset Management, Inc.

Page 1 of 3 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Barbara Leibold, City Attorney
Date: January 13, 2026
Subject: Stadium Operation and Maintenance Agreement
Recommendation

1. Find that the Stadium Operation and Maintenance Agreement is exempt from California Environmental Quality Act (CEQA) pursuant to Section 15301 of the State CEQA Guidelines; and

2. Approve the Stadium Operation and Maintenance Agreement Between the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore in substantially the form attached and in such final form as approved by the City Attorney.

Background
In 1994, the former Redevelopment Agency of the City of Lake Elsinore (the “Former RDA”), completed the Lake Elsinore Diamond Stadium (“Diamond Stadium”) on property donated for purposes of developing a minor league professional baseball stadium. The Diamond Stadium was intended to stimulate economic development and redevelopment within the Rancho Laguna Redevelopment Project Area 3 consistent with and in furtherance of the Redevelopment Plan. As required by that certain First Amendment to Amended and Restated Option Agreement Under Threat of Condemnation and Irrevocable Offer To Donate Stadium Site and Stadium Access Parcel and Unconditional Acceptance Subject To Covenants, Conditions, Restrictions and Reservations dated August 5, 1993 (“Offer To Donate”), the Former RDA operated, managed and maintained the Diamond Stadium.

Stadium Operation and Maintenance Agreement

Page 2 of 3 ends

In 2001 and 2002, the Former RDA entered into three agreements involving the operation and maintenance of the Diamond Stadium, including a License Agreement, a Stadium Field and Maintenance Agreement, and a Concession License Agreement (collectively, the “Stadium Operations Contracts”). Pursuant to the Stadium Operations Contracts, the Storm licensed and maintained the Stadium for baseball games and other Storm events. An affiliate of the Storm, Golden State Concessions and Catering, Inc. (“Golden State”), operated the concessions at the Stadium. Under the Stadium Operations Contracts, the Former RDA’s management, operation and maintenance costs were significant and the Stadium operated at a loss requiring a significant annual contribution of the Former RDA’s tax increment.

Prior to the dissolution of the Former RDA, the Stadium Operations Contracts were extended to December 31, 2026. Upon dissolution of the Former RDA, the rights and responsibilities for Stadium management, operations and maintenance under the Stadium Operations Contracts transferred to the Successor Agency. However, the Successor Agency did not have the resources to satisfactorily perform those obligations.

On December 11, 2012, the Successor Agency approved the Stadium Interim Management Agreement (“Interim Agreement”) to provide for Stadium management, maintenance and operation by the Storm. Since the dissolution of the Former RDA, the State Department of Finance has approved the allocation of Real Property Tax Trust Funds (“RPTTF”) for Stadium obligations in accordance with the Successor Agency Recognized Obligations Payment Schedules (“ROPS”). The Interim Agreement and the First through Eleventh Amendments have been implemented to provide for management, maintenance and operation of the Diamond Stadium.

Discussion
The Stadium Operations Contracts and the proposed Extension to the Eleventh Amendment presented to the Successor Agency on tonight’s agenda will expire December 31, 2026, but the covenants, conditions, restrictions and reservations set forth in the Offer to Donate remain Successor Agency enforceable obligations within the meaning of Health and Safety Code (“HSC”) Section 34171(d)(1)(E).

In order to comply with its obligations under the Offer to Donate and avoid uncertainty, disruption and potential financial liabilities, the Successor Agency desires to retain the City to perform the operational and maintenance services to ensure that the Diamond Stadium is maintained and promoted as a premier first class minor league baseball stadium and entertainment venue.

Engagement of the City is necessary and consistent with the legislative authorization contained in HSC Section 34171(d)(1)(F) allowing successor agencies to enter into enforceable obligations for the purpose of maintaining the assets of the Former RDA. Absent the Stadium Operation and Maintenance Agreement, the burden of maintaining, managing and operating Diamond Stadium will fall onto the Successor Agency which lacks the personnel to fulfil these obligations.

Stadium Operation and Maintenance Agreement

Page 3 of 3 ends

Pursuant to the proposed Stadium Operation and Maintenance Agreement, the City will provide maintenance, management, operations, marketing and promotion services and be responsible for all costs, including utility costs, incurred in the provision of such services. The Successor Agency will pay the City the sum of One Million Two Hundred Nineteen Thousand Five Hundred Fifteen Dollars ($1,219,515) as consideration for the services provided by City during the 2027 calendar year which amount shall be payable in equal monthly installments of One Hundred One Thousand Six Hundred Twenty-Six Dollars and Twenty-Five Cents ($101,626.25). This amount is equal to the consideration paid to the Storm under the Eleventh Amendment without factoring in the waiver of the Storm’s license fee under the License Agreement and assignment of the concession revenues under the Concession Agreement.

Prior to the Effective Date of the Stadium Operation and Maintenance Agreement and subject to Riverside Countywide Oversight Board and Department of Finance approvals, the Successor Agency intends to enter into a new License Agreement and Concession Agreement which will further define the allocation of revenues and responsibilities.

Under the terms of the Stadium Operation and Maintenance Agreement, the Successor Agency will remain responsible for capital repairs. Prior to the Effective Date of the Stadium Operation and Maintenance Agreement, the Successor Agency will engage a third-party inspector to conduct a capital facilities audit to ensure funds are budgeted for necessary capital repairs. For purposes of the Stadium Operation and Maintenance Agreement, an initial Capital Repair budget in the amount of six hundred thousand dollars ($600,000) has been requested in the ROPS 26- 27 for the period commencing January 1, 2027. In the event the cost of necessary capital repairs exceeds available funds, the City will advance funds subject to repayment by the Successor Agency from future RPTTF.

CEQA Exemption
Pursuant to the California Environmental Quality Act (“CEQA”), based upon a review of the evidence and information presented on the matter as it relates to the approval of the Stadium Operation and Maintenance Agreement, is categorically exempt from CEQA pursuant to Section 15301 of the State CEQA Guidelines because it consists of the operation, repair, and maintenance of existing facilities and will not lead to any direct or reasonably foreseeable indirect environmental impacts.

Fiscal Impact
The Successor Agency ROPS 26-27 includes RPTTF to cover the Successor Agency obligations under the proposed Stadium Operation and Maintenance Agreement for the period of January 1, 2027 through June 30, 2027.

Attachments
Attachment 1 - Stadium Operation and Management Agreement

STADIUM OPERATION AND MAINTENANCE

AGREEMENT

BY AND BETWEEN THE

SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE

CITY OF LAKE ELSINORE

AND THE

CITY OF LAKE ELSINORE
January 1, 2027
1 STADIUM OPERATION AND MAINTENANCE AGREEMENT
THIS STADIUM OPERATION AND MAINTENANCE AGREEMENT (this
“Agreement”), dated as of January 1, 2026 (the “Effective Date”), is made by and between the

SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE (“Successor Agency”), and the CITY OF LAKE ELSINORE, a California municipal corporation (“City”). Successor Agency and City are sometimes referred to individually as a “Party” and collectively as the “Parties.”

RECITALS
The following recitals are a substantive part of this Agreement:

A. The City Council of the City of Lake Elsinore adopted a redevelopment plan (the “Redevelopment Plan”) for an area within the City known as the Rancho Laguna Redevelopment Project Area 3 (the “Project Area”) by way of its approval of Ordinance No. 815 on September 8, 1987, as thereafter amended by Ordinance No. 987 adopted on November 22, 1994.

B. In furtherance of the Redevelopment Plan and that certain First Amendment to Amended and Restated Option Agreement Under Threat of Condemnation and Irrevocable Offer To Donate Stadium Site and Stadium Access Parcel and Unconditional Acceptance Subject To Covenants, Conditions, Restrictions and Reservations (“Offer to Donate”) dated August 5, 1993, the former Redevelopment Agency of the City of Lake Elsinore (“Former Redevelopment Agency”) acquired certain real property for redevelopment purposes and thereafter, in 1994, completed the Lake Elsinore Diamond Stadium on property donated for purposes of developing a minor league professional baseball stadium.

C. In furtherance of the Redevelopment Plan and the covenants, conditions, restrictions and reservations set forth in the Offer to Donate restricting the use of the property as a minor league professional baseball stadium for a minimum of fifty (50) years, the Former Redevelopment Agency operated, managed and maintained the Lake Elsinore Diamond Stadium and related facilities on the donated property (collectively, the Premises”) pursuant to various agreements with the Storm LP and its affiliates, including a License Agreement, a Stadium Field and Maintenance Agreement, and a Concession License Agreement (collectively, the “Stadium Operations Contracts”).

D. Following the dissolution of the Former Redevelopment Agency, the Successor Agency entered into that certain Stadium Interim Management Agreement dated January 1, 2013 (the “Interim Agreement”) and amendments thereto to provide for the performance of the enforceable obligations under the Offer to Donate and the Stadium Operation Contracts, including maintenance, management, promotion and operations of the Premises.

E. The Stadium Operations Contracts and the Eleventh Amendment to the Interim Agreement, as extended, expire December 31, 2026, but the covenants, conditions, restrictions and reservations set forth in the Offer to Donate remain enforceable obligations within the meaning of Health and Safety Code (“HSC”) Section 34171(d)(1)(E). 2 F. In order to comply with its obligations under to the Offer to Donate and avoid uncertainty, disruption and potential financial liabilities, the Successor Agency desires to retain the City to perform the operational and maintenance services to ensure that the Diamond Stadium is maintained in accordance with applicable laws and regulations, including compliance with Health & Safety Code, Fire Code, Building Code, ADA, mandatory recycling standards, Minor League Baseball (MiLB) requirements for minor league facilities, audit standards, and emergency repairs and that the diamond Stadium is promoted as a premier first class minor league baseball stadium and entertainment venue. Engagement of the City is necessary and consistent with the legislative authorization contained in HSC Section 34171(d)(1)(F) allowing successor agencies to enter into enforceable obligations for the purpose of maintaining the assets of the Former Redevelopment Agency.

G. Prior to the Effective Date of this Agreement and subject to Riverside Countywide Oversight Board and Department of Finance approvals, the Successor Agency intends to enter into a new License Agreement and Concession Agreement which will further define the allocation of revenues and responsibilities and ensure the operation of the Premises as minor league professional baseball stadium for calendar year 2027 and thereafter. The Successor Agency will also engage a third party inspector to conduct a capital facilities audit. The Successor Agency and City will cooperate to amend this Agreement as necessary to accommodate the terms and conditions of these future agreements and ensure that funds are budgeted for capital needs identified in the facilities audit.

H. The Stadium Operations Contracts, the Stadium Interim Management Agreement and Stadium operations and maintenance have been approved and recognized by the Oversight Board and the Department of Finance as enforceable obligations on the Successor Agency’s Recognized Obligations Payment Schedule since dissolution of the Former Redevelopment Agency. On January 13, 2027 the Successor Agency adopted ROPS 26-27 which listed, among other things, as enforceable obligation of the Successor Agency, the following obligations related to the Premises as more fully described and referenced therein:

Line 32 Stadium operations and maintenance obligations.

Line 33 Stadium Interim Management Agreement which incorporates the obligations under the Stadium Operations Contracts (Lines 29, 30, and 31).

AGREEMENT
NOW THEREFORE, in consideration of the foregoing Recitals and the terms contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby agree as follows:

1. City Responsibilities.

1.1. Maintenance. Commencing January 1, 2027 and subject to the Successor Agency’s obligations herein with respect to Capital Repairs, City shall perform all interior and exterior maintenance services and take all additional necessary actions to maintain the Premises, and all components thereof, of whatever kind or nature, as may be necessary to keep the Premises in a first class condition and a good state of appearance and repair in accordance with 3 applicable laws and regulations, including compliance with Health & Safety Code, Fire Code, Building Code, ADA, mandatory recycling standards, and Minor League Baseball (MiLB) requirements for minor league facilities. City shall provide all supplies necessary for the City to perform its obligations hereunder. In addition, City shall responsible for providing the maintenance and repair of all equipment. The replacement of equipment shall be treated as a Capital Repair as defined in Section 2.2.

1.2. Utilities. Commencing January 1, 2027, City shall be responsible for the payment of all utilities regardless of whether the utility account is in the name of the Successor Agency or the City. The City agrees to explore ways to incorporate the use of or replace existing systems with alternative clean energy and to improve energy efficiency, including electrical utility savings by way of power purchase agreements through the Southwest Riverside County Energy Authority.

1.3. Management and Operations. Commencing January 1, 2027, City shall manage the operations of the Premises, including the coordination and implementation of all license agreements, concessions agreements, and vendor and professional services agreements.

City shall obtain or ensure that all necessary licenses, permits, insurance policies, and/or other approval applications or renewals are obtained in connection with the provision of the services hereunder and in connection with all activities occurring on the Premises. City shall solicit and evaluate proposals aimed to increase the use and efficiency of the Premises, improve general maintenance standards and efficiencies for all areas of the Premises, attract new users and visitors to the Premises and monitor or prepare other relevant data or information relating to the performance hereunder.

1.4. Marketing and Promotion. Commencing January 1, 2027, City will undertake all marketing and promotional services, including special events, advertising and cross-marketing efforts to promote the Premises as a premier baseball and entertainment venue and shall exercise best efforts to maximize the use of the Premises year round to generate revenues to offset the high cost of maintenance, management and operations. City shall comply or ensure compliance by third party promoters and sponsors with all Special Event Permit requirements and procedures in accordance with applicable provisions of Chapter 5.108 of the Lake Elsinore Municipal Code, as now exists or as may hereafter be amended.

1.5. Master Calendar. Commencing January 1, 2027, City shall be responsible for scheduling all events at the Premises and shall maintain a Master Calendar to avoid conflicting events and compatibility of multiple events on the same day. The Minor League Baseball schedule shall be first priority of the Master Calendar and City will maintain open communications and will consult with the Minor League Baseball Team prior to scheduling any events during the baseball season so that the Parties can consider the scope of the event, the use of the Premises and any potential impacts on baseball operations.

1.6. Review Meetings. As often as necessary, but in no event less than one time every month during the term of any License and/or Concession Agreements and any Vendor Services and/or Professional Services Agreement, the City’s designated representative shall meet with the licensee, concessionaire, vendor or professional at a mutually agreed upon time and 4 place in order to discuss the performance of the services thereunder, the condition of the Stadium and any other applicable issues.

1.7. City Performance. City shall perform all services pursuant to this Agreement with its own forces and/or pursuant to vendor and professional services agreements as determined by the City to ensure the most efficient, cost-effective and satisfactory performance required to protect, promote and maintain the Premises as a first class minor league baseball stadium and entertainment venue.

1.8. City Advance for Capital Repairs. Subject to the provisions of Section

2.2, in the event the Successor Agency does not have adequate funds to pay for necessary Capital Repairs during the Term of this Agreement, City shall advance funds to complete such Capital Repairs. Each such amount shall be deemed to have been loaned by City to Successor Agency (“Capital Repair Loan”).

2. Successor Agency Responsibilities.

2.1. Compensation for City Services. Successor Agency agrees to pay City the sum of One Million Two Hundred Nineteen Thousand Five Hundred Fifteen Dollars ($1,219,515) as consideration for the services provided by City hereunder during the Term which amount shall be payable in equal monthly installments of One Hundred One Thousand Six Hundred Twenty-Six Dollars and Twenty-Five Cents ($101,626.25). The Parties acknowledge that this amount is equal to the consideration paid to the Storm under the Eleventh Amendment to the Interim Agreement without factoring in the waiver of the Storm’s license fee under the License Agreement and assignment of the concession revenues under the Concession Agreement. The Parties further acknowledge that Successor Agency intends to enter into a new License Agreement and Concession Agreement prior to the Effective Date and that the allocation of revenues and responsibilities will be determined pursuant to those new agreements and subject to Riverside Countywide Oversight Board and Department of Finance approvals.

2.2. Capital Repairs. Successor Agency shall be responsible for all Capital Repairs. “Capital Repairs” means all activities, and the provision of all labor and materials which are reasonably required to improve, repair, refurbish, modify, restore and/or replace, when reasonably necessary, the Premises, or portions or components thereof, and the costs and expenses of which equal or exceed Two Thousand Five Hundred Dollars ($2,500.00).

Notwithstanding the foregoing, the term Capital Repairs as used herein does not include the City’s responsibility for maintenance and upkeep as set forth in Section 1.1.

2.2.1. Capital Facilities Audit. Prior to the Effective Date, Successor Agency shall engage a third party inspector to inspect the Premises and evaluate the condition of the capital facilities as well as the general maintenance of the Premises in accordance with the provisions of Section 2.4(b) of the Eleventh Amendment to the Interim Agreement.

2.2.2. Capital Repair Budget. For the ROPS 26-27A period commencing January 1, 2027 to June 30, 2027, Successor Agency has included a budget in the amount of Six Hundred Thousand ($600,000) for emergency Capital Repairs. Capital Repair needs identified by the third party inspector in the Capital Facilities Audit completed pursuant to Section 2.2.1 shall be incorporated in the Successor Agency’s Amended ROPS 26-27B. 5 2.2.3. Repayment of Capital Repair Loan. In the event the amounts budgeted for Capital Repairs pursuant to Section 2.2.2 are insufficient to complete necessary Capital Repairs, Successor Agency agrees to repay the Capital Repair Loan advanced by City pursuant to Section 1.8. Successor Agency shall request Real Property Tax Trust Funds on future ROPS to repay the principal of all Capital Repair Loans, if any. Capital Repair Loans shall not accrue interest.

2.3. Facilities Inspections & Budget; Maintenance Standards. As often as necessary, but in no event less than one time during the Term, the Successor Agency shall engage a third party inspector to inspect the Premises and evaluate the condition of the capital facilities as well as the general maintenance of the Premises. Capital facility repair needs identified by the third party inspector shall be incorporated into the Schedule of Capital Repairs for the following year. Maintenance deficiencies identified by the third party inspector shall be remedied by the City as necessary to keep the Premises in a first class condition and a good state of appearance and repair. Successor Agency and City shall work together to prepare an updated comprehensive schedule of maintenance standards designed to maintain the Premises as a first class facility. A third party facilities consultant may be engaged to assist in this regard.

3. Term of Agreement. The term of this Agreement (hereinafter the “Term”) shall commence on January 1, 2027 (“Effective Date”) and shall, unless earlier terminated by the Parties, automatically terminate on December 31, 2027.

4. Further Assurances. The Successor Agency and the City will each take any and all other actions, and execute and deliver any and all other documents, as may be required or reasonably requested in order to effectuate the terms and provisions set forth in this Agreement.

5. Administration. Unless clearly indicated otherwise, any action, decision, direction, notice or approval to be given by the Successor Agency hereunder may be given by the Executive Director and any action, decision, direction, notice or approval to be given by the City hereunder may be given by the City Manager, provided, however that the Executive Director and City Manager, in his/her absolute discretion may determine that such matter must be submitted to the legislative body of the Successor Agency and/or City Council.

6. 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.

7. Severability. The invalidity or illegality of any provision shall not affect the remainder of this Agreement and all remaining provisions shall, notwithstanding any such invalidity or illegality, continue in full force and effect.

8. Nature of this Agreement. This Agreement is in the nature of a services agreement and is not intended to create a lease, license or other possessory interest or other interest in real property of any kind.

IN WITNESS WHEREOF, the Parties have executed this Agreement on the respective dates set forth below.
[signatures on next page]
6 “SUCCESSOR AGENCY”

SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE

CITY OF LAKE ELSINORE
By: _______________________________
Jason Simpson, Executive Director
ATTEST:

SUCCESSOR AGENCY SECRETARY
By: __________________________
Candice Alvarez, MMC
APPROVED AS TO FORM:

LEIBOLD McCLENDON & MANN, P.C.

Successor Agency Counsel
By: ___________________________
Barbara Zeid Leibold
“CITY”

CITY OF LAKE ELSINORE
By: _______________________________
Jason Simpson, City Manager
ATTEST:

CITY CLERK
By: __________________________
Candice Alvarez, MMC
APPROVED AS TO FORM:

LEIBOLD McCLENDON & MANN, P.C.

City Attorney
By: ___________________________
Barbara Zeid Leibold

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: January 13, 2026
Subject: Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation Proceedings for Annexation No. 27 Into Community Facilities District No. 2015-2 (Maintenance Services) for APN 377-200-045 (Ortega BESS)
Recommendation
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL OF

THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES) AMENDING ORDINANCE NO. 2016-1359 AUTHORIZING THE LEVY OF SPECIAL TAXES.

Background/ Discussion
At its Regular meeting on December 9, 2025, the City Council introduced by title only and waived further reading of the Ordinance.

Attachment
Attachment 1 – Ordinance
ORDINANCE NO. 2026-1523

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

LAKE ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS

THE LEGISLATIVE BODY OF COMMUNITY FACILITIES
DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE
(MAINTENANCE SERVICES) AMENDING ORDINANCE NO.
2016-1359 AUTHORIZING THE LEVY OF SPECIAL TAXES
WHEREAS, pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”), on July 28, 2015, the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) adopted Resolution No. 15-078 establishing Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California (the "CFD No. 2015-2") for the purpose of levying special taxes on parcels of taxable property therein for the purpose of providing certain services (the “Services”), which are necessary to meet increased demands placed upon the City and are described in Exhibit A attached hereto; and WHEREAS, on May 10, 2016, the City Council adopted Ordinance No. 2016-1359 entitled, “An Ordinance of the City of Council of the City of Lake Elsinore, California, acting in its capacity as the legislative body of Community Facilities District No. 2015-2 of the City of Lake Elsinore (Maintenance Services) authorizing the levy of special tax” (“Ordinance No. 2015-1359”), pursuant to which the City Council levied special taxes with the CFD No. 2015-2; and WHEREAS, on October 14, 2025, the City Council adopted Resolution No. 2025-71 entitled “A Resolution of the City Council of the City of Lake Elsinore Declaring its Intention to Annex Territory into Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, Adopting a Map of the Area to be Proposed (Annexation No. 27) and Authorizing the Levy of a Special Taxes Therein” (the “Resolution of Intention”) declaring its intention to annex certain territory to the CFD No. 2015-2 and to levy special taxes within that territory to provide the Services as described in the Resolution of Intention and setting a special public hearing on the proposed annexation for December 9, 2025; and
WHEREAS, notice was published as required by the Act relative to the intention of the City Council to annex certain territory to the CFD No. 2015-2, to levy special taxes therein to provide the Services, and to set the time and place of said public hearing; and WHEREAS, on December 9, 2025, at the time and place specified in said published notice, the City Council opened and held a public hearing as required by the Act relative to the annexation of territory in to the CFD No. 2015-2, the levy of the special taxes therein, and the provision of Services by the CFD No. 2015-2; and
WHEREAS, at said public hearing all persons desiring to be heard on all matters pertaining to the annexation of territory to the CFD No. 2015-2, the levy of the special taxes therein, and the provision of Services therein were heard, and a full and fair hearing was held; and
Ordinance No. 2026-1523

Page 2 of 4 ends

WHEREAS, subsequent to said public hearing, the City Council adopted Resolution No. 2025-82 entitled “A Resolution of the City Council of the City of Lake Elsinore, California, Calling an Election to Submit to the Qualified Electors the Question of Levying a Special Tax Within the Area Proposed to be Annexed to Community Facilities District No. 2015-2 (Maintenance Services) (Annexation No. 27)” (the “Resolution Calling the Election”) on December 9, 2025 wherein the City Council submitted the question of levying a special tax in territory proposed to be annexed to the CFD No. 2015-2 at the rate and according to the method of apportionment described therein; and
WHEREAS, at said special election on December 9, 2025, the qualified electors of the territory proposed to be annexed to the CFD No. 2015-2 approved said propositions as described in the Resolution Calling the Special Election by more than the two-thirds vote required by the Act; and
WHEREAS, subsequent to said special election, the City Council adopted Resolution No. 2025-83 entitled “A Resolution of the City Council of the City of Lake Elsinore, California, Declaring the Election Results for Community Facilities District No. 2015-2 (Maintenance Services) (Annexation No. 27)” wherein the City Council determined that the territory proposed to be annexed was added to the CFD No. 2015-2 (such territory being referred to herein as “Annexation No. 27”).

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, DOES ORDAIN AS FOLLOWS:

Section 1. Recitals. The foregoing recitals are true and correct.

Section 2. Amendment to Exhibit B of Ordinance No. 2016-1359. Ordinance No. 2016-1359 is hereby amended by including Exhibit B to Ordinance No. 2016-1359 attached hereto.

Section 3. Amendment to Section 2 of Ordinance No. 2016-1359. Section 2 of Ordinance No. 2016-1359 is hereby amended by deleting it in its entirety and replacing it with the following:

Section 2. By the passage of this Ordinance, the City Council authorizes and levies special taxes within the District which are subject to taxation which are identified in Exhibit B attached hereto, pursuant to Sections 53328 and 53340 of the Act at the rates and in accordance with the rate and method of
apportionment set forth in Exhibit A attached hereto, which is incorporated by reference herein (the “Rate and Method”). The special taxes are hereby levied commencing the fiscal year specified in the Rate and Method and in each fiscal year thereafter so long as the services authorized to be finance by the District, are provided through such financing within the District.

Ordinance No. 2026-1523

Page 3 of 4 ends

Section 4. Future Annexations. The annexation of additional territory into the CFD No. 2015-2 was contemplated as part of the adoption of Resolution No. 15-066. The boundaries of the territory within which any property may annex to the CFD No. 2015-2 are more particularly described and shown on that certain map entitled “Boundaries – Potential Annexation Area Community Facilities District No. 2015-2 (Maintenance Services) City of Lake Elsinore, County of Riverside, State of California,” as recorded on August 19, 2015 in Book 78 of Maps of Assessment and Community Facilities District, at Page 74, and as Document No. 2015-0369598 in the official records of the County of Riverside. Following a public hearing and the adoption of resolutions required by the Act for any additional annexations of property within said potential annexation area, Revised Exhibit B of Ordinance No. 2016-1359 shall be further amended to include any additional territory annexed to the CFD No. 2015-2. The City Council hereby authorizes and directs the officers, employees, and agents of the City to take all actions and do all things which they, or any of them, may deem necessary or desirable to accomplish the purposes of this Section 4 of this Ordinance, to further include Exhibit B to Ordinance No. 2016-1359.

Section 5. Severability. If, for any reason, any portion of this Ordinance is found to be invalid, or if the special taxes found inapplicable to any particular parcel within the CFD No. 2015- 2, by a court of competent jurisdiction, the balance of this Ordinance and the application of the special tax to the remaining parcels within the CFD No. 2015-2 shall not be affected.

Section 6. Authorization to Publish Ordinance. The Mayor shall sign this Ordinance and the City Clerk shall attest thereto and shall, within fifteen (15) days of its adoption, cause it or a summary of it to be published at least once in The Press Enterprise, a newspaper of general circulation published and circulated in the City and the CFD No. 2015-2.

Section 7. Effective Date. This Ordinance shall take effect and shall be in force thirty (30) days after the date of its adoption, at which time Revised Exhibit B will include Exhibit B to Ordinance No. 2016-1359 and Section 2 of Ordinance No. 2016-1359 will be amended as described herein.

Section 8. Certification. The City Clerk shall certify to the passage of this Ordinance and shall cause a synopsis of the same to be published according to law.

PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, on this 13th day of January 2026.

Robert E. Magee
Mayor
Attest:

Candice Alvarez, MMC
City Clerk
Ordinance No. 2026-1523

Page 4 of 4 ends

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. 2026-1523 was introduced by the City Council of the City of Lake Elsinore, California, at the Regular meeting of December 9, 2025 and adopted at the Regular meeting of January 13, 2026 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

EXHIBIT A

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

OF THE CITY OF LAKE ELSINORE
A Special Tax (the “Special Tax”) shall be levied on and collected from each Assessor’s Parcel (defined below) in Community Facilities District No. 2015-2 (Maintenance Services) (the “CFD No. 2015-2” or “CFD”; defined below), in each Fiscal Year, (defined below), commencing in the Fiscal Year beginning July 1, 2015, in an amount determined by the City Council of the City of Lake Elsinore, acting ex officio as the legislative body of CFD No. 2015-2, by applying the rate and method of apportionment set forth below. All of the real property in CFD No. 2015-2, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

A. DEFINITIONS
“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on any Assessor’s Parcel Map, or if the land area is not shown on the Assessor’s Parcel Map, the land area as shown on the applicable Final Map, or if the area is not shown on the applicable Final Map, the land area shall be calculated by the Administrator. “Administrative Expenses” means the actual or reasonably estimated costs directly related to the formation, annexation, and administration of CFD No. 2015-2 including, but not limited to: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or both); the costs to the City, CFD No. 2015-2, or any designee thereof associated with fulfilling the CFD No. 2015-2 disclosure requirements; the costs associated with responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2015-2 or any designee thereof related to an appeal of the Special Tax; and the City's annual administration fees including payment of a proportional share of salaries and benefits of any City employees and City overhead whose duties are related to the administration and third party expenses. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 2015-2 for any other administrative purposes of CFD No. 2015-2, including attorney's fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes. “Administrator” means the City Manager of the City of Lake Elsinore, or his or her designee. “Approved Property” means all Assessor’s Parcels of Taxable Property that are included in a Final Map that was recorded prior to the March 1 preceding the Fiscal Year in which the Special Tax is being levied, and that have not been issued a building permit on or prior to the March 1 preceding the Fiscal year in which the special tax is being levied. “Assessor’s Parcel” means a lot or parcel of land that is identifiable by an Assessor’s Parcel Number by the County Assessor of the County of Riverside. “Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.
“Assessor’s Parcel Number” means that identification number assigned to a parcel by the County Assessor of the County.
“Building Square Footage” or “BSF” means the floor area square footage reflected on the original construction building permit issued for construction of a building of Non-Residential Property and any Building Square Footage subsequently added to a building of such Taxable Property after issuance of a building permit for expansion or renovation of such building. “Calendar Year” means the period commencing January 1 of any year and ending the following December 31.
“CFD” or “CFD No. 2015-2” means the City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services).
“City” has the meaning set forth in the preamble.
“Contingent Special Tax B Requirement” means that amount required in any Fiscal Year, if the POA is unable to maintain the Service(s) to: (i) pay the costs of Services incurred or otherwise payable in the Calendar Year commencing in such Fiscal Year; (ii) fund an operating reserve for the costs of Services as determined by the Administrator; less a credit for funds available to reduce the annual Special Tax B (Contingent) levy as determined by the Administrator.
“County” means the County of Riverside.
“Developed Property” means all Assessor’s Parcels of Taxable Property for which a building permit for new construction has been issued on or prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section G.
“Final Map” means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to California Civil Code 1352 that creates individual lots for which building permits may be issued without further subdivision.
“Fiscal Year” means the period from and including July 1st of any year to and including the following June 30th.
“Land Use Category” or “LUC” means any of the categories contained in Section B hereof to which an Assessor’s Parcel is assigned consistent with the land use approvals that have been received or proposed for the Assessor’s Parcel as of March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Maximum Special Tax” means either Maximum Special Tax A and/or Maximum Special Tax B (Contingent), as applicable.
“Maximum Special Tax A” means the Maximum Special Tax A, as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.
“Maximum Special Tax B (Contingent)” means the Maximum Special Tax B (Contingent), as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2. “Multi-Family Residential Property” means any Assessor’s Parcel of residential property that consists of a building or buildings comprised of attached Residential Units sharing at least one common wall with another unit.
“Non-Residential Property” or “NR” means all Assessor's Parcels of Taxable Property for which a building permit(s) was issued for a non-residential use. The Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property. “Property Owner’s Association” or “POA” means the property owner’s association or homeowner’s association established to maintain certain landscaping within a Tax Zone. “Proportionately” means for Taxable Property that is: (i) Developed Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Developed Property with the same Tax Zone, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Approved Property with the same Tax Zone, and (iii) Undeveloped Property that the ratio of the actual Special Tax levy per acre to the Maximum Special Tax per acre is the same for all Parcels of Undeveloped Property with the same Tax Zone.
“Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator. “Residential Property” means all Assessor’s Parcels of Taxable Property upon which completed Residential Units have been constructed or for which building permits have been or may be issued for purposes of constructing one or more Residential Units. “Service(s)” means services permitted under the Mello-Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2015-2 as set forth in the documents adopted by the City Council at the time the CFD was formed. “Single Family Residential Property” means any residential property other than MultiFamily Residential Property on an Assessor’s Parcel. “Special Tax(es)” means the Special Tax A and/or Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property. “Special Tax A” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax A Requirement. "Special Tax A Requirement" means for each Tax Zone, that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs for such Tax Zone of CFD No. 2015-2 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for maintenance services including but not limited to (i) maintenance and lighting of parks, parkways, streets, roads and open space, (ii) maintenance and operation of water quality improvements, (iii) public street sweeping, (iv) fund an operating reserve for the costs of Services as determined by the Administrator, and (v) Administrative Expenses.

Under no circumstances shall the Special Tax A Requirement include funds for Bonds. “Special Tax B (Contingent)” means the Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Contingent Special Tax B Requirement, if required.
"Taxable Property" means all Assessor’s Parcels within CFD No. 2015-2, which are not Exempt Property.
“Taxable Unit” means a Residential Unit, Building Square Footage, or an Acre. "Tax Zone" means a mutually exclusive geographic area, within which particular Special Tax rates may be levied pursuant to this Rate and Method of Apportionment of Special Tax.

Appendix C identifies the Tax Zone in CFD No. 2015-2 at formation; additional Tax Zones may be created when property is annexed into the CFD.
"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as Tax Zone 1.
"Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.
“Undeveloped Property” means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Approved Property.

B. ASSIGNMENT TO LAND USE CATEGORIES
For each Fiscal Year, all Assessor’s Parcels of Taxable Property within CFD No. 2015-2 shall be classified as Developed Property, Approved Property, or Undeveloped Property, and shall be subject to the levy of Special Taxes as determined pursuant to Sections C and D below.

Assessor’s Parcels of Developed Property and Approved Property shall be classified as either Residential Property or Non-Residential Property. Residential Property shall be further classified as Single Family Residential Property or Multi-Family Residential Property and the number of Residential Units shall be determined by the Administrator.

C. MAXIMUM SPECIAL TAX RATES
For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Residential Property, all such Assessor’s Parcels shall be assigned the number of Residential Unit(s) constructed or to be constructed thereon as specified in or shown on the building permit(s) issued or Final Map as determined by the Administrator. For Parcels of undeveloped property zoned for development of single family attached or multi-family units, the number of Residential Units shall be determined by referencing the condominium plan, apartment plan, site plan or other development plan, or by assigning the maximum allowable units permitted based on the underlying zoning for the Parcel. Once a single family attached or multi-family building or buildings have been built on an Assessor's Parcel, the Administrator shall determine the actual number of Residential Units contained within the building or buildings, and the Special Tax A levied against the Parcel in the next Fiscal Year shall be calculated by multiplying the actual number of Residential Units by the Maximum Special Tax per Residential Unit identified for the Tract below or as included in Appendix A as each Annexation occurs.

For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Non-Residential Property, all such Assessor’s Parcels shall be assigned the number of Building Square Footage or Acres as shown on the Final Map as determined by the Administrator. Once the Administrator determines the actual number of Building Square Footage or Acres for the Assessor’s Parcels, the Special Tax A levied against the Assessor’s Parcel in the next Fiscal Year shall be calculated by multiplying the number of Building Square Footage or Acres by the Maximum Special Tax per Taxable Unit identified for the Tax Zone below or as included in Appendix A as each Annexation occurs.

1. Special Tax A
a. Developed Property
(i) Maximum Special Tax A
The Maximum Special Tax A for each Assessor’s Parcel of Developed Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zones annexed and included in Appendix A. The Maximum Special Tax A for Developed Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 1 below:

TABLE 1

MAXIMUM SPECIAL TAX A RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121
(ii) Increase in the Maximum Special Tax A
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.
(iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax A that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax A that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.
b. Approved Property
The Maximum Special Tax A for each Assessor’s Parcel of Approved Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Approved property Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 2 below:

TABLE 2

MAXIMUM SPECIAL TAX A RATES

APPROVED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 LLA-2014-2743 Non-Residential Property Acre $121
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. c. Undeveloped Property
The Maximum Special Tax A for each Assessor’s Parcel of Undeveloped Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Undeveloped Property for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 3 below:

TABLE 3

MAXIMUM SPECIAL TAX A RATES

UNDEVELOPED PROPERTY
Tax Zone
Tracts Taxable Unit
Maximum Special Tax
A
1 LLA-2014-2743 Acre $121
On each July 1, commencing on July 1, 2016 the Maximum Special Tax A for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

2. Special Tax B (Contingent)
(i) Maximum Special Tax B (Contingent)
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 1 and shall be specific to each Tax Zone within the CFD.

When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for each Tax Zones annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within Tax Zone 1 is identified in Table 4 below:

TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
(ii) Increase in the Maximum Special Tax B (Contingent) On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.
(iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax B (Contingent) that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax B (Contingent) that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.
b. Approved Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 5 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 5 below:

TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

APPROVED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. c. Undeveloped Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 6 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 6 below:

TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

UNDEVELOPED PROPERTY
Tax Zone
Tracts Taxable Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Acre $0
On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

1. Special Tax A
Commencing with Fiscal Year 2015-2016 and for each following Fiscal Year, the Council shall determine the Special Tax A Requirement and shall levy the Special Tax A on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax A equals the Special Tax A Requirement for each Tax Zone. The Special Tax A shall be levied for each Fiscal Year as follows:

First: The Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Developed Property within each Tax Zone up to 100% of the applicable Maximum Special Tax to satisfy the Special Tax A Requirement for such Tax Zone; Second: If additional moneys are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first step has been completed, the Special Tax A shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax A for Approved Property;
Third: If additional monies are needed to satisfy the Special Tax A Requirement for a Tax Zone after the first two steps has been completed, the Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax A for Undeveloped Property.

2. Special Tax B (Contingent)
Commencing with Fiscal Year 2015-2016 and for each following Fiscal Year, the Council shall determine the Contingent Special Tax B Requirement and shall levy the Special Tax on all Assessor’s Parcels of Taxable Property until the aggregate amount of Special Tax B (Contingent) equals the Contingent Special Tax B Requirement. The Special Tax B (Contingent) shall be levied for each Fiscal Year as follows:

First: The Special Tax shall be levied Proportionately on all Assessor’s Parcels of Developed Property for a Tax Zone up to 100% of the applicable Maximum Special Tax B (Contingent) to satisfy the Contingent Special Tax B Requirement; Second: If additional moneys are needed to satisfy the Contingent Special Tax B Requirement after the first step has been completed, the Special Tax B (Contingent) shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Approved Property; Third: If additional monies are needed to satisfy the Contingent Special Tax B Requirement after the first two steps has been completed, the Special Tax B (Contingent) shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Undeveloped Property.

E. FUTURE ANNEXATIONS
It is anticipated that additional properties will be annexed to CFD No. 2015-2 from time to time.

As each annexation is proposed, an analysis will be prepared to determine the annual cost for providing Services. Based on this analysis, the property to be annexed, pursuant to California Government Code section 53339 et seq. will be assigned to the appropriate Maximum Special Tax rate for the Tax Zone when annexed and included in Appendix A.

F. TERM OF SPECIAL TAX
For each Fiscal Year, the Special Taxes shall be levied as long as the Services are being provided.

G. EXEMPTIONS
The City shall classify as Exempt Property within CFD No. 2015-2, any Assessor’s Parcel in any of the following categories; (i) Assessor’s Parcels which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by any public entity; (ii) Assessor’s Parcels with public or utility easements making impractical their utilization for other than the purposes set forth in the easement; (iii) Assessor’s Parcels which are privately owned but are encumbered by or restricted solely for public uses; or (iv) any Assessor’s Parcel which is in use in the performance of a public function as determined by the Administrator.

H. APPEALS
Any property owner claiming that the amount or application of the Special Taxes are not correct may file a written notice of appeal with the City not later than twelve months after having paid the first installment of the Special Tax that is disputed. A representative(s) of CFD No. 2015-2 shall promptly review the appeal, and if necessary, meet with the property owner, consider written and oral evidence regarding the amount of the Special Tax, and rule on the appeal. If the representative’s decision requires that the Special Tax for an Assessor’s Parcel be modified or changed in favor of the property owner, a cash refund shall not be made, but an adjustment shall be made to the Special Tax on that Assessor’s Parcel in the subsequent Fiscal Year(s).

I. MANNER OF COLLECTION
The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2015-2 may collect the Special Tax at a different time or in a different manner if necessary to meet its financial obligations.

APPENDIX A

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

COST ESTIMATE
Special Tax A Services - The estimate breaks down the costs of providing one year's maintenance services for Fiscal Year 2025-26. These services are being funded by the levy of Special Tax A for Community Facilities District No. 2015-2.

TAX ZONE 31
APN 377-200-045
Item Description Estimated Cost
1 Landscape $392
2 Lighting $363
3 Streets $1,635
4 Reserves $359
5 Admin $1,150
Total $3,899
Special Tax B Contingent Services – There are no anticipated costs for Special Tax B for Tax Zone 31.

TAX ZONE 31
FY 2025-26 MAXIMUM SPECIAL TAX RATES

DEVELOPED PROPERTY AND APPROVED PROPERTY
Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Non-Residential Property Acre $2,178 $0
TAX ZONE 31
FY 2025-26 MAXIMUM SPECIAL TAX RATES

UNDEVELOPED PROPERTY
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Acre $2,178 $0

TAX ZONE SUMMARY
Annexati
on
Ta
x
Zon
e
Tract
APN
Fiscal
Year
Maximu
m Special
Tax A
Maximum
Special Tax
B
Subdivider
Original 1
LLA-2014-
2743 2015-16 $121 / Acre $0 / Acre Tractor Supply
1 2 36682 2016-17 $354 / RU $102 / RU Pardee Homes
2 3 PM 29996 2017-18 $951 / Acre $165 /
Acre
Pasadena Industrial Park,
LLC
3 4 PM 36551 2017-18 $2,671 /
Acre
$201 /
Acre ARI Chaney Street, LLC
4 5 TR 32996 2017-18 $378 / RU $321 / RU LE Cottage Lane, LLC 5 6 365-030-001 2018-19 $1,004/
Acre $0 / Acre Lake Elsinore CCR, LLC
6 7 TR 33267 2019-20 $350 / RU $56 / RU Pardee Homes
7 8 PM 37284 2019-20 $1,953 /
Acre $0 / Acre Central Plaza
8 9 TR 37305 2019-20 $951 / RU $384 / RU Nichols Rd Partners, LLC 8 10 TR 37305; Lot
169
2019-20 $2,600 /
Acre $0 / Acre Nichols Rd Partners, LLC
9 11 TR 32129 &
30698 2020-21 $541 / RU $69 / RU
Donald S. Clurman &
Three Strands Properties,
LLC & Spectrum
Communities, LLC
10 12 TR 33370 2021-22 $294 / RU $30 / RU JLJ. LLC
11 13 PM 37534 2021-22 $1,113 /
Acre $0 / Acre SRZ Yuma, LLC
12 14 TR 33725 2021-22 $749 / RU $87 / RU SPT-AREP III Tuscany Associates
12 15 TR 25475 2021-22 $594 / RU $62 / RU SPT-AREP III Tuscany Associates
13 16 LLA 2019-007 2021-22 $407 / Acre $0 / Acre Wal-Mart Real Estate Business Trust
14 17 TR 38008 2021-22 $366 / RU $123 / RU Tri Pointe Homes IE-SD, Inc.
15 18 TPM 37751 2021-22 $2,188 /
Acre
$2,540 /
Acre Boos-Up Lake Elsinore
16 19 PM 37710 2021-22 $1,034 /
Acre $0 / Acre Pennington Industrial, LLC
17 20 TR 37280 2022-23 $323 / RU $5 / RU Lake Elsinore Lakeshore, LLC and Erin Crowder
18 21 TR 38116 2022-23 $387 / RU $82 / RU Tri Pointe Homes IE-SD, Inc.
19 22 TR 38378 2023-24 $358 / RU $7 / RU Vista Emerald, LLC 20 23 TR 28214-9 2023-24 $647 / RU $19 / RU Pulte Home Co. 21 24 BLD-2023-
0026B 2023-24 $739 / Acre $288 / Acre Lake Street Properties, LP 22 25 TPM 37710 2024-25 $5,569 /
Acre
$755 /
Acre RA & B Development, LLC
23 26 TTM 34249 2025-26 $792 / RU $216 / RU Tri Pointe Homes IE-SD, Inc.
24 27 PM 38195 &
PM 38281 2025-26 $1,594 / Acre $0 / Acre
Cambern and Central
North, LLC, & EvergreenCambern and Central
South Land, LLC
28 TTM 33725 2025-26 $821 / RU $221 / RU 25 29 TTM 25475 2025-26 $604 / RU $157 / RU KB Home California
Management Services
26 30 377-100-003,
377-380-003 2025-26 $5,449 / Acre
$2,227 /
Acre
Cambern Avenue
Development Holding
Company, LLC
27 31 377-200-045 2025-26 $2,178 /
Acre $0 / Acre Parviz Oshideri

ESCALATION OF MAXIMUM SPECIAL TAXES
On each July 1, commencing on July 1, 2016 the Maximum Special Tax shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

APPENDIX B

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2015-2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right-of-ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and
(b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities.

Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right-of-way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and (c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015-2; as well as local roads within residential subdivisions located within CFD No. 2015-2; and any portions adjacent to the properties within CFD No. 2015-2; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

The above services shall be limited to those provided within the boundaries of CFD No. 2015-2 or for the benefit of the properties within the boundaries of CFD No. 2015-2, as the boundary is expanded from time to time by anticipated annexations, and said services may be financed by proceeds of the special tax of CFD No. 2015-2 only to the extent that they are in addition to those provided in the territory of CFD No. 2015-2 before CFD No. 2015-2 was created.

APPENDIX C

CITY OF LAKE ELSINORE
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)

PROPOSED BOUNDARIES AND POTENTIAL ANNEXATION AREA BOUNDARIES

EXHIBIT B
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) SPECIAL TAX FISCAL YEAR 2025-26
(Effective as of December 23, 2025)

ASSESSOR'S PARCEL NUMBERS
Annexation Zone Owner Assessor's Parcel Numbers
Original 1 Tractor Supply 377-120-068
1 2 Pardee Homes See Below
2 3 Pasadena Industrial Park, LLC 377-120-032, -043 thru -047, - 069, and -071
3 4 ARI Chaney Street, LLC
377-140-028 thru -030, -032 thru
-035, -038 thru -041, -044 thru -
046
4 5 LE Cottage Lane, LLC See Next Page
5 6 Lake Elsinore CCR, LLC 365-030-048
6 7 Pardee Home See Next Page
7 8 Central Plaza 377-081-002 thru -009
8 9 Nichols Rd Partners, LLC
389-200-038 (por.),
389-210-008 (por.), 389-210-
032, 389-210-034, and 389-210-
036 (por.)
8 10 Nichols Rd Partners, LLC 389-200-046, -049, and -053 9 11
Donald S. Clurman &
Three Strands Properties, LLC &
Spectrum Communities, LLC
See Next Page
10 12 JLJ, LP See Next Page
11 13 SRZ Yuma, LLC 377-081-035
12 14 SPT AREP III Tuscany Associates
349-240-006, -043, -044, -045, -
046, -047, -054, -055, -056 and
349-380-024, -025
12 15 SPT AREP III Tuscany Associates 349-240-034, -038, -072, -075 13 16 Wal-Mart Real Estate Business Trust 377-090-052, -053, -054, -055, - 056, -057
14 17 Tri Pointe Homes IE-SD, Inc. 363-940-038
15 18 Boos-Up Lake Elsinore 377-243-024
16 19 Pennington Industrial, LLC 377-160-051, -052, -053 17 20 Lake Elsinore Lakeshore, LLC and
Erin Crowder 379-230-001 and 379-230-002
18 21 Tri Pointe Homes IE-SD, Inc. 379-060-005, -022, and -027 19 22 Vista Emerald, LLC 370-050-019, -020, -032
20 23 Pulte Home Co. See Next Page
21 24 Lake Street Properties, LP 390-130-050
22 25 RA & B Development, LLC 377-220-037
23 26 Tri Pointe Homes IE-SD, Inc. 365-230-005, -006, -009, -011, and -012
24 27 Cambern and Central North, LLC, &
Evergreen-Cambern and Central South
337-020-030, 377-020-031, 377-
020-032, 377-020-034, 377-020-
Land, LLC 035
28 25 29
KB Home California Management
Services See Next Page
26 30 Cambern Avenue Development Holding
Company, LLC 377-100-003, 377-380-003
27 31 Parviz Oshideri 377-200-045
EXHIBIT B (cont.)
ANNEXATION NO. 1

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
358710001 358710002 358710003 358710004 358710005 358710006 358710007 358710008 358710009 358710010 358710011 358710012 358710013 358710014 358710015 358710016 358710017 358710018 358710019 358710020 358710021 358710022 358710023 358710024 358710025 358710026 358710027 358710028 358710029 358710030 358710031 358710032 358710033 358710034 358710035 358710036 358710037 358710038 358710039 358710040 358710041 358711001 358711002 358711003 358711004 358711005 358711006 358711007 358712001 358712002 358712003 358712004 358712005 358712006 358712007 358712008 358712009 358712010 358712011 358712012 358712013 358712014 358712015 358712016 358712017 358712018 358712019 358712020 358712021 358712022 358712023 358712024 358712025 358712026
ANNEXATION NO. 4

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
379490004 379490005 379490006 379490007 379490008 379490009 379490010 379491001 379491002 379491003 379491004 379491005 379491006 379491007 379491008 379491010 379491011 379491012 379491013 379491014 379491017 379491018 379491019 379491020 379491021 379491022 379491023 379491024 379491025 379491026 379491027 379491028 379491029 379491030 379491031 379491032 379491033 379491034 379491035 379491036 379491037
ANNEXATION NO. 6

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
379051001 379051002 379051003 379051004 379051005 379051006 379051007 379051009 379051010 379051011 379051013 379051014 379051015 379051016 379051018 379051019 379051020 379051021 379051023 379051024 379051025 379051026 379051027 379051028 379051029 379051031 379051032 379051033 379051034 379051035 379051036 379051037 379051038 379051040 379051041 379051042 379051043 379051045 379051046 379051047 379051048 379051049 379051051 379051052 379051053 379051054 379051055 379051056 379051057 379051058 379051061 379051062 379051063 379051064 379051066 379051067 379051068 379051069 379051071 379051072 379051073 379051074 379051075 379051077 379051078 379051079 379051080 379051081 379051083 379051084 379051085 379051086 Assessor's Parcel Numbers
379051087 379051089 379051090 379051091 379051092 379052001 379052002 379052003 379052004 379052005 379052006 379052007 379052008 379052009 379052011 379052012 379052013 379052014 379052016 379052017 379052018 379052019 379052020 379052022 379052023 379052024 379052025 379052026 379052027 379052028 379052029 379052031 379052032 379052033 379052034 379052035 379052036 379052037 379052038 379052039 379052040 379052042 379052043 379052044 379052045 379052046 379052047 379052049 379052050 379052051 379052052 379052053 379052054 379052056 379052057 379052058 379052059 379052060 379052061 379052062 379052064 379052065 379052066 379052067 379052068 379052087 379052088 379052089 379052090 379052091 379052092 379052094 379052095 379052096 379052097 379052098 379053001 379053002 379053003 379053004 379053005 379053006 379053007 379053008 379053009 379053010 379053011 379053012 379053014 379053015 379053016
ANNEXATION NO. 9

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
347110021 347580007 347580001 347580002 347580003 347580004 347580005 347580006 347581001 347581002 347581003 347581004 347581005 347581006 347581007 347581008 347582001 347582002 347582003 347582004 347582005 347582006 347582007 347582008 347582009 347580010 347582023 347582019 347582018 347582017 347582016 347582015 347582014 347582013 347582012 347582021 347560012 347560013 347560014 347560015 347560016 347560017 347560018 347560019 347560043 347560020 347560021 347560022 347560023 347560024 347560025 347560026 347560027 347560028 347560044 347560029 347560030 347560031 347560032 347560033 347560034 347560035 347560036 347560037 347560038 347560039 347560040 347560041 347560042 347560001 347560002 347560003 347560004 347560005 347560006 347560007 347560008 347560009 347560010 347560011 347570001 347570002 347570003 347570004 347570005 347570006 347570007 347570008 347570009 347570010 347570011 347570012 347570013 347570014 347561001 347561002 347561003 347561004 347561005 347561006 347561007 347561008 347561009 347561010 347561011 347561012 347561013 347561014 347561015 347561016 347561017 347561018 347570015 347570016 347570017 347570018 347570019 347570020 347570021 347570022 347571001 347571002 347571003 347571004 347571005 347571006 347571007 347571008 347571009 347571010 347571011 347571012 347571013 347571014 347571015 347571016 347571017 347571018 347571019 347571020 347571021 347571022 347571023 347571024 347571025 347571026 347571027 347571028 347571029 347562001 347562002 347562003 347562004 347562005 347562006 347562007 347562008 347562009 347562010 347562011 347562012 347562013 347562014 347562015 347562016 347562017
EXHIBIT B (cont.)
ANNEXATION NO. 10

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
373071040 373074054 373074040 373074047 373074033 373074026 373074017 373074002 373074007 373074049 373074035 373074042 373074028 373074022 373074013 373074018 373074003 373074008 373074050 373074036 373074043 373074029 373074023 373074014 373074019 373074004 373074009 373074051 373074037 373074044 373074030 373074024 373074015 373074020 373074005 373074010 373074052 373074038 373074045 373074031 373074025 373074016 373074001 373074006 373074011 373074053 373074039 373074046 373074032
ANNEXATION NO. 20

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
389090032 389090033 389090034 389090035 389790000 389790001 389790002 389790003 389790004 389790005 389790006 389790007 389790008 389790009 389790010 389790011 389790012 389790013 389790014 389790015 389790016 389790017 389790018 389790019 389790020 389790021 389790022 389790023 389790024 389790025 389790026 389790027 389790028 389790029 389790030 389790031 389790032 389790033 389790034 389790035 389790036 389790037 389790038 389790039 389790040 389790041 389790042 389790044 389790045 389790046 389790047 389790048 389800001 389800002 389800003 389800004 389800005 389800006 389800007 389800008 389800009 389800010 389800011 389800012 389800013 389800014 389800015 389800016 389800017 389800018 389800019 389800020 389800021 389800022 389800023 389800024 389801001 389801002 389801003 389801004 389801005 389801006 389801007 389801008 389801009 389801010 389801011 389801012 389801013 389801014 389801015 389801016 389801017 389801018 389801019 389801020 389801021 389801022 389801023 389801024 389801025 389801026 389801027 389801028 389801029 389801030 389801031 389802001 389802002 389802003 389802004 389802005 389802006 389802007 389802008 389802009 389802010 389802011 389802012 389802013 389802014 389802015 389802016 389802017 389802018 389802019 389802020 389810001 389810002 389810003 389810004 389810005 389810006 389810007 389810008 389810009 389810010 389810011 389810012 389810013 389810014 389810015 389810016 389810017 389810018 389810019 389810020 389810021 389810022 389810023 389810024 389810025 389810026 389810027 389810028 389810029 389810030 389810031 389810032 389810033 389810034 389810035 389811001 389811002 389811003 389811004 389811005 389811006 389811007 389811008 389811009 389811010 389811011 389812001 389812002 389812003 389812004 389812005 389812006 389812007 389812008 389812009 389812010 389812011 389812012 389812013 389812014 389812015 389812016 389812017 389820001 389820002 389820003 389820004 389820005 389820006 389820007 389821001 389821002 389821003 389821004 389821005 389821006 389822001 389822002 389822003 389822004 389822005 389822006 389822007 389822008 389822009 389822010 389822011 389822012 389822013 389822014 389822015 389822016 389822017 389822018 389822019 389822020 389822021 389822022 Assessor's Parcel Numbers
389822023 389822024 389822025 389822026 389822027 389822028 389822029 389822030 389822031 389822032 389822033 389822034 389822035 389822036 389822037 389823001 389823002 389823003 389823004 389823005 389823006 389823007 389823008 389830001 389830002 389830003 389830004 389830005 389830006 389830007 389830008 389830009 389830010 389830011 389830012 389830013 389830014 389830015 389830016 389830017 389830018 389830019 389830020 389830021 389830022 389831001 389831002 389831003 389831004 389831005 389831006 389831007 389831008 389831009 389831010 389831011 389831012 389831013 389831014 389831015 389831016 389831017 389831018 389831019 389831020 389832001 389832002 389832003 389832004 389832005 389832006 389832007 389832008 389832009 389832010 389832011 389840001 389840002 389840003 389840004 389840005 389840006 389840007 389840008 389840009 389840010 389840011 389840012 389840013 389840014 389840015 389840016 389840017 389840018 389840019 389840020 389840021 389840022 389840023 389840024 389841001 389841002 389841003 389841004 389841005 389841006 389841007 389841008 389841009 389841010 389841011 389841012 389841013 389841014 389841015 389841016 389841017 389841018 389841019 389841020 389841021 389841022 389841023 389841024 389841025 389841026 389841027 389841028 389841029 389841030 389841031 389841032 389841033 389841034 389841035 389841036 389841037 389841038 389841039 389841040 389841041 389841042 389841043 389841044 389841045 389841046 389841047 389841048 389841049 389841050 389841051 389841052 389841053 389841054
ANNEXATION NO. 25

ASSESSOR'S PARCEL NUMBERS
349240006 349240044 349240054 349240075
349240034 349240045 349240055 349380024
349240038 349240046 349240056 349380025
349240043 349240047 349240072

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: January 13, 2026
Subject: City Council Meeting Dates for 2026
Recommendation
Review the 2026 meeting dates and approve canceling the Regular meetings of November 24 and December 22, 2026.

Background
The Regular meetings of the City Council and the Successor Agency are set in the Municipal Code as the second and fourth Tuesdays of the month. The City Council has the authority to cancel meetings as necessary.

Discussion
The meeting on November 24 is near the Thanksgiving holiday, and the meeting on December 22 is near the Christmas Holiday. Due to the potential for a lack of quorum because of the holidays, it is recommended that the November 24 and December 22 meetings be canceled. All remaining meeting dates for the year, as listed in Attachment 1, do not pose any foreseen conflicts at this time.

Fiscal Impact
There is no cost associated with this item.

Attachments
Attachment 1 – 2026 Meetings and Holidays
City Council and Successor Agency Meetings of 2026
The following dates are proposed City Council and Successor Agency Regular Meeting Dates | January 13 and 27 | February 10 and 24 | March 10 and 24 | April 14 and 28 | May 12 and 26 | June 9 and 23 | July 14 and 28 | August 11 and 25 | | September 8 and 22 | October 13 and 27 | November 10 | December 8 | The following meetings are to be canceled
| November 24 | December 22 |
2025 Federal Holidays
New Year’s Day - January 1
Martin Luther King, Jr.’s Birthday - January 19
President’s Day/Washington’s Birthday - February 16
Memorial Day - May 25
Juneteenth – June 19
Independence Day - July 4
Labor Day - September 7
Columbus Day – October 12
Veterans Day - November 11
Thanksgiving Day - November 26
Christmas Day - December 25

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 13, 2026
Subject: Appointments to the Measure Z Citizens Committee and Planning Commission
Recommendation
Appoint Dennell Winston (District 2) and Trisha Thurmond (District 4) to serve on the Lake Elsinore Measure Z Citizens Committee for terms expiring December 31, 2027; and appoint Kyle Martin (District 4) to serve on the Lake Elsinore Planning Commission to complete a term expiring December 31, 2028.

Background
The Measure Z Citizens Committee was established following the passage of Measure Z in November 2020. Its purpose is to provide financial transparency and ensure Measure Z funding is used appropriately to achieve the community’s goals and needs as outlined in the Ordinance establishing the transactions and use tax.

City Council Policy No. 200-5A outlines the qualifications for members of the Measure Z Citizens Committee:
• Members must be at least 18 years old.
• Members cannot serve on another commission, hold a City officer position, be a City employee, or be under an employment contract with the City. • Members must reside within the City Council District represented by the appointing Council Member.
• Members are subject to a background check administered by the Police Department.

Commission Appointments

Page 2 of 2 ends

The Lake Elsinore Planning Commission, per Municipal Code Section 2.24.020, consists of five members who:
• Must be at least 18 years old.
• Must legally reside within the City limits of Lake Elsinore. • Cannot be City officials or employees.

Planning Commissioners are appointed by the City Council by district, with one representative per district. Commissioners are appointed to four-year terms.

Discussion
The City Clerk’s Office posted two Notices of Accepting Applications. The Notice of Accepting Applications for the Measure Z Citizens Committee seats was posted from October 13, 2025 through November 14, 2025, receiving five applications. The Notice of Accepting Applications for the Planning Commission vacancy was posted from November 24, 2025 through December 26, 2025; during that period, the City received six applications, with an additional nine applications submitted prior to the posting of the notice.

For the Measure Z Citizens Committee, Council Member Manos nominated Dennell Winston to represent District 2 and Council Member Carroll nominated Trisha Thurmond to represent District

4. For the Planning Commission, Council Member Carroll nominated Kyle Martin to represent District 4.

Based on the application review and nominations, appointments include two new appointments for the Measure Z Citizens Committee and one new appointment for District 4 for the Planning Commission.

Fiscal Impact
There are no fiscal impacts related to this item at this time.

Attachments
Attachment 1 - Dennell Winston Application
Attachment 2 - Trisha Thurmond Application
Attachment 3 - Kyle Martin Application

Why are you interested in serving on this Commission/Committee?* I have been a proud resident of Lake Elsinore since 1987, having moved here with my parents. Over the years, I have witnessed the city’s remarkable transformation and growth, and now, with my children grown, I have the time and passion to serve my community in a greater capacity. I am deeply committed to the future of Lake Elsinore and eager to contribute to its continued development. Something big and beautiful is happening in our city, and I want to be an active part of shaping that future.

Please list any qualifications you may have to serve on the Commission/Committee you are applying for, i.e. education, related service or work experience, budgeting or financial experience, community involvement, etc.* My professional background in real estate, which spans over 27 years, has given me extensive knowledge of land use, property development, and community planning. I understand the importance of responsible growth, infrastructure development, and preserving the character of our city while fostering economic opportunities.

I am deeply committed to the future of Lake Elsinore and eager to contribute my expertise to the Planning Commission. I believe that by combining thoughtful planning with a strong vision, we can ensure that the city’s growth benefits both residents and businesses while maintaining the unique charm that makes Lake Elsinore special.

For example, if you are applying for the Measure Z Citizen Committee, please list any financial or budgeting experience.

Please note
Appointees will be required to take an Oath of Office and file a completed Statement of Economic Interest form, if appointed to a position specified in the City’s Conflict of Interest Code. Appointees are not considered to be City employees for purposes of benefits, such as workers compensation and health insurance.

Applicant's Declaration and Signature
I certify under penalty of the perjury laws of the State of California that all information on this form is true and correct. By typing my name and the date completed on this form, I am affirming my intent to be a candidate for appointment to a Commission for the City of Lake Elsinore. If appointed I pledge to follow the laws of the City of Lake Elsinore, the policies as set forth by the City Council and to conduct myself in such a manner as to be a good representative of the City.

Signature (Please type your name)*
Dennell Winston
Date*
3/18/2025

Signature (Please type your name)
*
Trisha Thurmond
Date*
4/2/2025

Community Service Participation
Please describe types of service you have performed, if any.

Organization
ShorePoint Homeowners Association
Types of Service
Board Member
Organization
Lake Elsinore Girls Softball
Types of Service
Assistant Coach
Organization
Elsinore Valley Baseball
Types of Service
Head Coach
Additional Documentation
Planning - Community Support - Kyle Martin.pdf
Yes
No
Are you an Officer or Member of a policy-making board of a non-profit organization which receives funding from the City?*
If Yes, please list all organizations.

Organization Position
Organization Position
Organization Position
Additional Information
Kyle Martin - Planning Resume.pdf
Yes
No
Have you ever been convicted of violating any Federal, State, County or Municipal law, regulation or Ordinance, excluding minor traffic violations?
If Yes, please explain.

Why are you interested in serving on this Commission/Committee?* Dear Councilmembers,
I am writing to express my interest in serving on the City of Lake Elsinore Planning Commission. Since becoming a resident in 2023, I have developed a strong appreciation for our city and a sincere desire to support its responsible growth.

My wife and I chose Lake Elsinore as the place to buy our first home because of its sense of community, safety, and opportunities for our children. Since then, I’ve experienced firsthand the “one community” spirit that defines our city. That same spirit led me to get involved—first as a head coach for Elsinore Valley Baseball, an assistant coach for Lake Elsinore Girls Softball, and now as a Board Member for my HOA.

Professionally, I have more than a decade of experience in project management, construction, electrical design, logistics, and operational planning. I spent over five years managing and permitting multi-million-dollar EV infrastructure projects across Orange County, working with Tesla, government agencies, hotels, condos, and commercial clients.

Before that, I worked as a carpenter in my father’s general contracting firm, gaining hands on experience navigating building standards and residential construction.

In my current role in the material handling industry, I collaborate with project managers and engineers on warehouse layout, space utilization, safety, and operational flow—giving me practical insight into how development decisions affect both businesses and the broader community.

My motivation for seeking this appointment is straightforward: I want to help ensure Lake Elsinore continues to grow smartly and sustainably. I value development that strengthens our city’s character and supports the small, local businesses that make Lake Elsinore unique, while recognizing the role national brands also play.

I pride myself on being fair, objective, and integrity driven. With my background in project oversight, conflict resolution, and coordination across public and private sectors, I believe I am well-prepared to contribute meaningfully as a Planning Commissioner.

Thank you for your consideration. It would be an honor to serve the residents and businesses of Lake Elsinore.

Respectfully,
Kyle Martin
Please list any qualifications you may have to serve on the Commission/Committee you are applying for, i.e. education, related service or work experience, budgeting or financial experience, community involvement, etc.* Please see attached Resume and Community Support documents.

Logistics & Operations Management: 15+ Years
Project Management: 10+ Years
Construction Management: 5+ Years
For example, if you are applying for the Measure Z Citizen Committee, please list any financial or budgeting experience.

Signature (Please type your name)*
Kyle Martin
Date*
12/1/2025

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 13, 2026
Subject: Mayor’s Recommended Council Appointments
Recommendation
Appoint City Council Members to serve on the various Boards, Committees, Subcommittees, and Ad-Hoc Committees
Background
Each year, the Mayor makes recommendations and appoints individual Council Members to various Governmental Agency Boards and City Committees, Subcommittees, and Ad-Hoc Committees.

Discussion
The following items summarize all updates made to the roster. • All City Committee names have been updated from “Committee” to “Subcommittee.” • Contact information has been updated for the listed agencies:
o Riverside Transit Agency
o Southern California Association of Governments (SCAG) • The appointed delegate has been updated for the following bodies:
o Western Riverside County Regional Conservation Authority Board of Directors (RCA) o JPA/SCFA/JPA Animal Shelter
o EVMWD/City Group Mtg.
o Historical Society
o LEUSD/City Group Mtg.
(Subject Matter 1- 4 words only. Do Not add date or page numbering)

Page 2 of 2 ends

o Southwest Riverside County Energy Authority
o Arts & Culture Subcommittee
o Budget Subcommittee
o Economic Development Subcommittee
o Special Events Subcommittee
o Energy and Technology Subcommittee
o City/County Subcommittee
o City Council Affordable Housing Subcommittee
o Homeless Taskforce Subcommittee
o Public Safety Subcommittee
• An additional delegate has been added to the following bodies:
o Lake Improvement Projects Subcommittee
o Mining and Grading Oversight Subcommittee
o Lake Elsinore Motion Picture Commission Subcommittee
• The appointed alternate has been updated for the following bodies:
o Riverside County Transportation Commission (RCTC)
o Southern California Association of Governments (SCAG) o Western Riverside Council of Governments (WRCOG)
o Western Riverside County Regional Conservation Authority Board of Directors (RCA) o JPA/SCFA/JPA Animal Shelter
o Crime Free Multi-Family Housing Project
o Historical Society
o Economic Development Subcommittee
• The meeting schedule or related notes have been updated for the following body:
o City Selection Committee of Riverside County
• Form 700 filing requirements have been updated for the following bodies:
o City Selection Committee of Riverside County
o Riverside Transit Agency
Fiscal Impact
There is no cost associated with this item.

Attachments
Attachment 1 - Mayor’s Recommended Council Appointments List (Redlined) Attachment 2 - Mayor’s Recommended Council Appointments List (Final) DRAFT MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 20252026
Council ApprovalDate Scheduled: 1/10/202513/2026 Page 1 of 6

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
Regional Committees
California Joint Powers Insurance Authority
Attn: Veronica Ruiz 8081 Moody Street La Palma, CA 90623 (562) 467-8736 Timothy J.

Meetings January and May at the same time and place of the RC Div. of LOCC Lake Elsinore/San Jacinto Watershed Authority
Attn: Zyanya Ramirez, Clerk of the Board 11615 Sterling Avenue Riverside, CA 92503 951-354-4244 951-354-4220 Main Line Robert Magee Steve Manos Yes Meetings held on a bimonthly basis (February, April, June, August, October, December) the third Thursday at 4:00 p.m. at Elsinore Valley Municipal Water District, 31315 Chaney Street, Lake Elsinore, CA 92531.

Northwest Mosquito and Vector Control District
Attn: Mark Breidenbaugh/District Manager 1966 Compton Avenue Corona, CA 92881 951-340-9792 Brian Tisdale Timothy J.

Sheridan
No Third Thursday every
Month starting in January at 3:00 p.m. at Northwest Mosquito and Vector Control District.

Riverside County Habitat Conservation Agency
Attn: Janis Leonard 3390 University Avenue, Suite 200 Riverside, CA 92501 951-405-6702 Steve Manos Timothy J.

Sheridan
Yes
Quarterly Meetings 2nd
Thursday starting in February 2024 at 11:30 a.m. in WRCOG office. July meeting usually cancelled.

DRAFT MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 20252026
Council ApprovalDate Scheduled: 1/10/202513/2026 Page 2 of 6

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
Riverside Transit Agency Attn: Samantha Samaniego
1825 3rd Street
Riverside, CA 92507 951-565-5086 [email protected] [email protected]
Timothy J.

Sheridan
Robert Magee Yes
Meetings held the Fourth Thursday of Month at 2:00 p.m. January November and December 2024 meetings are held the Third Thursday at 2:00 p.m.

Riverside County Transportation Commission (RCTC)
Attn: Lisa Mobley, MMC County Regional Complex P. O. Box 12008 Riverside, CA 92502 951-787-7960 Robert
Magee
Natasha
JohnsonTimothy
J. Sheridan
Yes
Second Wednesday of the Month at 9:30 a.m. at 4080 Lemon Street (main Board Room, 1st Floor), Riverside Southern California Association of Governments SCAG
Attn: Maggie Aguilar, Clerk of the Board 900 Wilshire Blvd, Ste. 1700 Los Angeles, CA 90017 [email protected] (213) 630-1420 Backup Contacts: Cecilia Pulido Deputy Clerk of the Board - [email protected] Hart, Senior Admin [email protected] Steve Manos N/ATimothy J.

Sheridan
Yes All regular meetings of the
Executive/Administration Committee - 1st Wednesday
of each month All regular meetings of the Regional Council and Policy Committees – 1st Thursday of each month.

Western Riverside Council of Governments (WRCOG)
Attn: Janis Leonard 3390 University Avenue, Suite 200 Riverside, CA 92501 951-405-6702 Brian Tisdale Steve
ManosRobert Magee
Yes
First Monday of the Month at 2:00 p.m. at Riverside County Admin. Bldg., 4080 Lemon Street, Riverside January special meeting will be at a different location – agenda will be distributed approx. one week prior. EXCEPT: July Western Riverside County Regional Conservation Authority Board of Directors (RCA) Attn: Lisa Mobley, MMC County Regional Complex P. O. Box 12008 Riverside, CA 92502 Natasha
Johnson
Robert
Magee
Steve Manos
Robert Magee
Yes
1st Monday of the month 12:30 p.m. Held at 4080 Lemon Street, (First Floor – Board Room), Riverside DRAFT MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 20252026
Council ApprovalDate Scheduled: 1/10/202513/2026 Page 3 of 6

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
Local Committees
JPA/SCFA/JPA Animal Shelter
Attn: Scott Bruckner 4080 Lemon Street, 4th Floor
Riverside, CA 92501 951-955-9760 [email protected]
Robert Magee
Natasha Johnson
Michael Carroll
Brian Tisdale
No Twice a year May and
October
Crime Free Multi -Family Housing Project
Attn: Captain James Rayls 333 Limited Avenue Lake Elsinore, CA 92530 951-245-3385 Timothy J.

Sheridan
Natasha
JohnsonMichael
Carroll
No As Needed
EVMWD/City Group Mtg. Attn: Kristie Gonzalez
31315 Chaney Street Lake Elsinore, CA 92530 Contact: 951-674-3146 X-8220 Natasha
Johnson
Michael Carroll
Timothy J.

Sheridan
N/A No Quarterly at 4:30 p.m.

Location alternates every other meeting (City Hall and EVMWD) Friends of the Lake Elsinore Library
Attn: Jim Savage 600 W. Graham Lake Elsinore, CA 92530 951-674-4517 Timothy J.

Sheridan
Brian Tisdale
No As Needed
Historical Society Attn: Kim McElroy
P.O. Box 84 Lake Elsinore, CA 92531 (951) 579-4852
Timothy J.

Sheridan
Robert Magee
Robert Magee
Natasha Johnson
No First Tuesday of every
Month at 1:00 p.m. 183 N. Main Street Lake Elsinore, CA 92530 LEUSD/City Group Mtg. Attn: Lori Schmidt, Secretary to
Assistant Superintendent of Facilities 545 Chaney Street Lake Elsinore, CA 92530 Contact: 951-253-7015 Timothy J.

Sheridan
Natasha
Johnson
Michael Carroll
N/A No Bi-Monthly at 4:30 p.m.

Location alternates every other meeting (City Hall and LEUSD) Lake Elsinore/Wildomar Joint Committee
City Manager’s Office Robert Magee
Brian Tisdale
N/A No As Needed
DRAFT MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 20252026
Council ApprovalDate Scheduled: 1/10/202513/2026 Page 4 of 6 Move I-15 through Temecula Valley Task Force
City of Temecula Randi Johl, City Clerk
Robert Magee Timothy J.

Sheridan
No As Needed Regionally
Southwest Riverside County Energy Authority
City Manager’s Office Steve Manos
Natasha
Johnson
Timothy J.

Sheridan
N/A No Annual Meeting

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
City Committees
Arts & Culture Subcommittee
Community Services Department
Steve Manos
Natasha
JohnsonTimothy
J. Sheridan
N/A No As Needed
Beautification CommitteeSubcommittee
City Manager’s Office Brian Tisdale
Timothy J.

Sheridan
N/A No As Needed
Budget Subcommittee City Manager’s Office Brian Tisdale Natasha
Johnson
Allen
BaldwinSteve
Manos
Edwin Castro
N/A No
As Needed
Dream Extreme 2040Subcommittee
City Manager’s Office Brian Tisdale
Robert Magee
N/A No As Needed
Economic Development CommitteeSubcommittee
City Manager’s Office Natasha
Johnson
Steve ManosBrian Tisdale
Brian
TisdaleMichael
Carroll
No
As Needed
Executive Project Review Subcommittee
City Manager’s Office / Community Development Department Steve Manos
Robert Magee
N/A No As Needed
DRAFT MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 20252026
Council ApprovalDate Scheduled: 1/10/202513/2026 Page 5 of 6 Lake Elsinore Main Street CommitteeSubcommittee
City Manager’s Office / Community Development Department Timothy J.

Sheridan
Steve Manos
N/A No
As Needed
Public Facilities CommitteeSubcommittee
City Manager’s Office / Community Services Department
Robert Magee
Brian Tisdale
N/A No
As Needed
Special Events CommitteeSubcommittee
Community Services Department
Natasha
Johnson
Timothy J.

Sheridan
Michael
CarrollRobert
Magee
N/A No As Needed
Lake Improvement Projects Subcommittee
City Manager’s Office / Community Services Department
Robert Magee
Steve Manos
N/A No As Needed
Mining and Grading Oversight Subcommittee
Engineering Department Robert Magee
Brian Tisdale
N/A No As Needed

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
Energy and Technology CommitteeSubcommittee
City Manager’s Office Robert Magee
Natasha
Johnson
Michael Carroll
N/A No As Needed
City/County CommitteeSubcommittee
City Manager’s Office Timothy J.

Sheridan
Robert Magee
Brian Tisdale
N/A No As Needed
City Council Affordable Housing Subcommittee
City Manager’s Office / Community Development Department Timothy J.

Sheridan
Natasha
Johnson
Michael Carroll
N/A No As Needed
Homeless TaskforceSubcommittee
City Manager’s Office Brian Tisdale
Natasha
Johnson
N/A No As Needed
DRAFT MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 20252026
Council ApprovalDate Scheduled: 1/10/202513/2026 Page 6 of 6 Michael Carroll
Public SafetySubcommittee
City Manager’s Office Robert Magee
Natasha Johnson
Brian Tisdale
N/A No As Needed
Cannabis Ad Hoc CommitteeSubcommittee
Community Development Department
Brian Tisdale
Robert Magee
N/A No As Needed
Eastside Circulation Subcommittee
Engineering Department / City Manager’s Office
Timothy J.

Sheridan
Robert Magee
N/A No As Needed
Lake Elsinore Motion Picture Commission Subcommittee
City Manager’s Office Timothy J.

Sheridan
Steve Manos
N/A No As Needed
International Mayor Economic Development
Department
Steve Manos N/A No As Needed
MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2026
Council Date Scheduled: 1/13/2026 Page 1 of 5

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
Regional Committees
California Joint Powers Insurance Authority
Attn: Veronica Ruiz 8081 Moody Street La Palma, CA 90623 (562) 467-8736 Timothy J.

Sheridan
Steve Manos No
Executive CommitteeMeetings held the Fourth Wednesday of each month at 5:30 p.m. (not required to attend) Required Annual Board of Directors meeting – July 24th 7 p.m. LaPalma Campus
City Selection Committee of Riverside County
Breanna Smith Board of Supervisors RC 1st Flr. County Admin Center Riverside, CA 92502 (951) 955-9688
Steve Manos Brian Tisdale No Meetings January and May
at the same time and place of the RC Div. of LOCC
Lake Elsinore/San Jacinto Watershed Authority
Attn: Zyanya Ramirez, Clerk of the Board 11615 Sterling Avenue Riverside, CA 92503 951-354-4244 951-354-4220 Main Line Robert Magee Steve Manos Yes Meetings held on a bimonthly basis (February, April, June, August, October, December) the third Thursday at 4:00 p.m. at Elsinore Valley Municipal Water District, 31315 Chaney Street, Lake Elsinore, CA 92531.

Northwest Mosquito and Vector Control District
Attn: Mark Breidenbaugh/District Manager 1966 Compton Avenue Corona, CA 92881 951-340-9792 Brian Tisdale Timothy J.

Sheridan
No Third Thursday every
Month starting in January at 3:00 p.m. at Northwest Mosquito and Vector Control District.

Riverside County Habitat Conservation Agency
Attn: Janis Leonard 3390 University Avenue, Suite 200 Riverside, CA 92501 951-405-6702 Steve Manos Timothy J.

Sheridan
Yes
Quarterly Meetings 2nd
Thursday starting in February 2024 at 11:30 a.m. in WRCOG office. July meeting usually cancelled.

MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2026
Council Date Scheduled: 1/13/2026 Page 2 of 5

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
Riverside Transit Agency Attn: Samantha Samaniego
1825 3rd Street
Riverside, CA 92507 951-565-5086 [email protected] Timothy J.

Sheridan
Robert Magee Yes
Meetings held the Fourth Thursday of Month at 2:00 p.m. January November and December 2024 meetings are held the Third Thursday at 2:00 p.m.

Riverside County Transportation Commission (RCTC)
Attn: Lisa Mobley, MMC County Regional Complex P. O. Box 12008 Riverside, CA 92502 951-787-7960 Robert
Magee
Timothy J.

Sheridan
Yes
Second Wednesday of the Month at 9:30 a.m. at 4080 Lemon Street (main Board Room, 1st Floor), Riverside Southern California Association of Governments SCAG
Attn: Maggie Aguilar, Clerk of the Board 900 Wilshire Blvd, Ste. 1700 Los Angeles, CA 90017 [email protected] (213) 630-1420 Backup Contacts: Cecilia Pulido Deputy Clerk of the Board - [email protected] Steve Manos Timothy J.

Western Riverside Council of Governments (WRCOG)
Attn: Janis Leonard 3390 University Avenue, Suite 200 Riverside, CA 92501 951-405-6702 Brian Tisdale Steve Manos Yes
First Monday of the Month at 2:00 p.m. at Riverside County Admin. Bldg., 4080 Lemon Street, Riverside January special meeting will be at a different location – agenda will be distributed approx. one week prior. EXCEPT: July Western Riverside County Regional Conservation Authority Board of Directors (RCA) Attn: Lisa Mobley, MMC County Regional Complex P. O. Box 12008 Riverside, CA 92502 Robert
Magee
Steve Manos Yes
1st Monday of the month 12:30 p.m. Held at 4080 Lemon Street, (First Floor – Board Room), Riverside

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2026
Council Date Scheduled: 1/13/2026 Page 3 of 5
Local Committees
JPA/SCFA/JPA Animal Shelter
Attn: Scott Bruckner 4080 Lemon Street, 4th Floor
Riverside, CA 92501 951-955-9760 [email protected]
Robert Magee Michael Carroll No Twice a year May and
October
Crime Free Multi-Family Housing Project
Attn: Captain James Rayls 333 Limited Avenue Lake Elsinore, CA 92530 951-245-3385 Timothy J.

Sheridan
Michael Carroll No As Needed
EVMWD/City Group Mtg. Attn: Kristie Gonzalez
31315 Chaney Street Lake Elsinore, CA 92530 Contact: 951-674-3146 X-8220 Michael Carroll
Timothy J.

Sheridan
N/A No Quarterly at 4:30 p.m.

Location alternates every other meeting (City Hall and EVMWD) Friends of the Lake Elsinore Library
Attn: Jim Savage 600 W. Graham Lake Elsinore, CA 92530 951-674-4517 Timothy J.

Sheridan
Brian Tisdale
No As Needed
Historical Society Attn: Kim McElroy
P.O. Box 84 Lake Elsinore, CA 92531 (951) 579-4852
Timothy J.

Sheridan
Robert Magee No First Tuesday of every
Month at 1:00 p.m. 183 N. Main Street Lake Elsinore, CA 92530 LEUSD/City Group Mtg. Attn: Lori Schmidt, Secretary to
Assistant Superintendent of Facilities 545 Chaney Street Lake Elsinore, CA 92530 Contact: 951-253-7015 Timothy J.

Sheridan
Michael Carroll
N/A No Bi-Monthly at 4:30 p.m.

Location alternates every other meeting (City Hall and LEUSD) Lake Elsinore/Wildomar Joint Committee
City Manager’s Office Robert Magee
Brian Tisdale
N/A No As Needed
Move I-15 through Temecula Valley Task Force
City of Temecula Randi Johl, City Clerk
Robert Magee Timothy J.

Sheridan
No As Needed Regionally
Southwest Riverside County Energy Authority
City Manager’s Office Steve Manos
Timothy J.

Sheridan
N/A No Annual Meeting
MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2026
Council Date Scheduled: 1/13/2026 Page 4 of 5

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
City Committees
Arts & Culture Subcommittee
Community Services Department
Steve Manos
Timothy J.

Sheridan
N/A No As Needed
Beautification Subcommittee
City Manager’s Office Brian Tisdale
Timothy J.

Sheridan
N/A No As Needed
Budget Subcommittee City Manager’s Office Brian Tisdale Steve Manos
Edwin Castro
N/A No
As Needed
Dream Extreme 2040 Subcommittee
City Manager’s Office Brian Tisdale
Robert Magee
N/A No As Needed
Economic Development Subcommittee
City Manager’s Office Steve Manos
Brian Tisdale
Michael Carroll No
As Needed
Executive Project Review Subcommittee
City Manager’s Office / Community Development Department Steve Manos
Robert Magee
N/A No As Needed
Lake Elsinore Main Street Subcommittee
City Manager’s Office / Community Development Department Timothy J.

Sheridan
Steve Manos
N/A No
As Needed
Public Facilities Subcommittee
City Manager’s Office / Community Services Department
Robert Magee
Brian Tisdale
N/A No
As Needed
Special Events Subcommittee
Community Services Department
Timothy J.

Sheridan
Michael Carroll
N/A No As Needed
Lake Improvement Projects Subcommittee
City Manager’s Office / Community Services Department
Robert Magee
Steve Manos
N/A No As Needed
Mining and Grading Oversight Subcommittee
Engineering Department Robert Magee
Brian Tisdale
N/A No As Needed
MAYOR’S RECOMMENDED COUNCIL APPOINTMENTS LIST
January-December 2026
Council Date Scheduled: 1/13/2026 Page 5 of 5

ORGANIZATION ADDRESS AND CONTACT
INFO

APPOINTED

DELEGATE

APPOINTED

ALTERNATE
File
700s

MEETING SCHEDULE
Energy and Technology Subcommittee
City Manager’s Office Robert Magee
Michael Carroll
N/A No As Needed
City/County Subcommittee City Manager’s Office Timothy J.

Sheridan
Brian Tisdale
N/A No As Needed
City Council Affordable Housing Subcommittee
City Manager’s Office / Community Development Department Timothy J.

Sheridan
Michael Carroll
N/A No As Needed
Homeless Taskforce Subcommittee
City Manager’s Office Brian Tisdale
Michael Carroll
N/A No As Needed
Public Safety Subcommittee
City Manager’s Office Robert Magee
Brian Tisdale
N/A No As Needed
Cannabis Ad Hoc Subcommittee
Community Development Department
Brian Tisdale
Robert Magee
N/A No As Needed
Eastside Circulation Subcommittee
Engineering Department / City Manager’s Office
Timothy J.

Sheridan
Robert Magee
N/A No As Needed
Lake Elsinore Motion Picture Commission Subcommittee
City Manager’s Office Timothy J.

Sheridan
Steve Manos
N/A No As Needed
International Mayor Economic Development
Department
Steve Manos N/A No As Needed

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: January 13, 2026
Subject: Agreement with Roll A Shade, LLC for Design, Purchase, and Installation of Motorized Shades System for the New City Hall Main Staircase Exterior Windows Project (CIP Project No. Z20006)
Recommendation
Approve and authorize the City Manager to execute a Public Works Agreement with Roll A Shade, LLC for the design, purchase and installation of the motorized shade system for the exterior windows at the main stair case in the new City Hall Project in the amount not to exceed $72,306.25 in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed the 10% contingency amount of $7,231.00 for uncertainties and adjustments; and authorize the City Clerk to record the Notice of Completion once work is completed and the work is accepted.

Background
The expansive glass curtain wall stretching from the first to the fourth floor serves as a prominent feature of City Hall, bringing in abundant natural light and ensuring clear views both into and out of the building. While the window system incorporates top-tier insulation to minimize heat transfer and block ultraviolet rays, further enhancements are necessary to effectively maintain interior comfort and provide greater protection from thermal gain/loss and UV exposure.

Discussion
The purchase and installation agreement with Roll A Shade, LLC represents a strategic investment in enhancing the functionality and energy efficiency of the new City Hall. The agreement, not to exceed $72,306.25, covers the design, purchase, and installation of a motorized shade system specifically for the exterior windows at the main staircase—a key architectural feature characterized by a multi-story glass curtain wall. This system is intended to augment the building’s existing high-performance insulation by further reducing thermal gain and loss, as well as minimizing UV exposure, thereby improving interior comfort for staff and visitors. (Subject Matter 1- 4 words only. Do Not add date or page numbering)

Page 2 of 2 ends

Also, note most of this agreement amount is for the purchase of the shade system as the design and installation are minimal in comparison.

By partnering with a single, specialized contractor for design, procurement, and installation, the City ensures that all technical specifications and operational needs are thoroughly addressed, promoting a seamless integration of the shade system into the facility’s unique architectural context. This approach, permitted by the Municipal Code, supports the City’s commitment to sustainable building practices and occupant well-being.

Wavier of Competitive Bidding Procedures
Pursuant to Section 3.08.070(G) of the Municipal Code, the City Council has the discretion to waive the competitive bidding requirement that would otherwise be utilized for this purchase.

Given the availability of product, custom fabrication and close proximity of Roll A Shade, LLC, it is in the City’s best interest to exercise the exception to the standard bidding process as permitted by Section 3.08.070(G) of the Municipal Code. This approach ensures that a single contractor is responsible for the design, procurement, and installation phases of the project. And the contractor has completely determined all the details and requirements to provide the material and perform the work at the highest level.

Fiscal Impact
Funding costs are included in the Fiscal Year 25/26 – 29/30 Capital Improvement Plan (CIP) budget, CIP Project No. Z20006.

Attachments
Attachment 1 – Agreement
Exhibit A – Proposal
1 Agreement No. __________

AGREEMENT FOR PUBLIC WORKS CONSTRUCTION
Roll A Shade, LLC
For the
City Hall Motorized Shade
System Project
CIP PROJECT NO. Z20026
This Agreement for Public Works Construction (“Agreement”) is made and entered into as of January 13, 2026 by and between the City of Lake Elsinore, a municipal corporation (“City”) and Roll A Shade, LLC (“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:

City Hall Motorized Shade System Project (the “Project”) The City-approved plans for the construction of the Project, which are incorporated herein by reference and prepared by Engineering Resources of Southern California, are identified as:

City Hall Motorized Shade System Project Plans
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 seven two thousand three hundred six dollars and twenty five cents ($72,306.25).
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 twenty-five (25) 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 $500.00 per calendar day, and that the Contractor will pay to the City, or City may retain from amounts otherwise payable to Contractor, such amount for each calendar day by which the Contractor fails to complete the work, including corrective items of work, under this Agreement within the time hereinabove specified and as adjusted by any changes to the work. 3 4. Changes to Work. City and Contractor agree that the City may make changes to the work, or suspend the work, and no matter how many changes, such changes or suspensions are within the contemplation of the Contractor and City and will not be a basis for a compensable delay claim against the City nor be the basis for a liquidated damage claim against the Contractor.

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

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

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

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

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

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

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

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

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

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

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

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

If to City: City of Lake Elsinore
Attn: City Manager
130 South Main Street
Lake Elsinore, CA 92530
With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street
Lake Elsinore, CA 92530
If to Contractor: Roll A Shade, LLC
Attn: Jason Hayes
12101 Madera Way
Riverside, CA 92503

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

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

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

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

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

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

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

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

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

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

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

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

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

By: Jason Hayes
Its: Principal
City Clerk
APPROVED AS TO FORM:

By: Click or tap here to enter text.

Its: Click or tap here to enter text.

City Attorney
Assistant City Manager

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
Estimate
166551
Estimate Date 9/10/2025
Estimate #
Account #
Terms PREPAID
Valid Thru 10/10/2025
Roll A Shade, LLC
12101 Madera way
Riverside, CA 92503
888-245-5077
www.rollashade.com
11976
Bill To
City of Lake Elsinore - City Hall
130 South Main Street
Lake Elsinore, CA 92530
City of Lake Elsinore - City Hall
130 South Main Street
Lake Elsinore, CA 92530
Ship To
PO Number motor stairway
exterior
Sales Rep Jason Hayes Assigned To Krystal Martinez
Description Quantity Rate Tax Amount
RAS Plus+ 4" Fascia 120V Motor Shade
- Fabric Phifer 2500 Sheerweave Acoustic Color TBD
- Fascia with Double Hembar
Installed @ North Elevation Stair 1

40.00 $687.50 $2,406.25 $29,906.25
RAS Plus+ 4" Fascia 120V Motor Shade
- Fabric Phifer 2500 Sheerweave Acoustic Color TBD
- Fascia with Double Hembar
Installed @ West Elevation Stair 1

16.00 $812.50 $1,137.50 $14,137.50
Accessory Parts Include:
- Parts Chronis RTS Timer @ Each Level
- Channel 5 Switch RTS @ Each Level
- Electrician Responsible for Power Requirements
- CAD Drawing with Details Available on Award

8.00 $375.00 $262.50 $3,262.50
Window Coverings Measure and Installation
- Prevailing Wages Included
- SAM Registration Cage # 6M6L2
- USA Made Local Manufacturer with 2 week Lead
Time

1.00 $25,000.00 $0.00 $25,000.00
Equipment Rental
- Responsibility of Owner to Provide Scaffolding
- Required at Each Stair Level to Reach Full Height of
Windows

1.00 $0.00 $0.00 $0.00
Shipping Via Our Truck 1.00 $0.00 $0.00 $0.00

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Estimate
166551
Estimate Date 9/10/2025
Estimate #
Account #
Terms PREPAID
Valid Thru 10/10/2025
Roll A Shade, LLC
12101 Madera way
Riverside, CA 92503
888-245-5077
www.rollashade.com
11976
Subtotal $68,500.00
Tax Total
Estimate Total $72,306.25
$3,806.25
Signature __________________________________________________ Date of acceptance ______________________ Note: This proposal may be withdrawn if not accepted within 30 days.

Acceptance of Proposal
The above prices, specifications and conditions are satisfactory and are hereby accepted. Roll-A-Shade is authorized to perform the work as specified.

Payment will be made as stated above. In the event of any litigation to enforce or interpret any terms of this Agreement, the parties agree that such action will be brought in the Superior Court of the County of Riverside, California. In no event shall the litigation of any controversy or the settlement thereof delay the performance of this Agreement. If an action is commenced to enforce payment as provided herein, Customer agrees to pay Roll-AShade's Attorneys fees, court costs and other costs of collection. Self-measure and install limits Roll-A-Shade's warranty. I have read and agree to the terms stated.

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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: January 13, 2026
Subject: Change Order No. 1 to Public Works’ Construction Agreement with Edmondson Construction Co. for the Site Grading of the Senior Housing Project (CIP Project No. Z20026)
Recommendation
Approve and authorize the City Manager to execute Change Order No.1 to the agreement with Edmondson Construction Co. in an amount not to exceed $17,688.00 for the site grading of the Senior Housing Project (CIP Project No. Z20026) in such final form as approved by the City Attorney.

Background
On October 14, 2025, The award a public work’s construction agreement to Edmondson Construction Co. for the site grading of the Senior Housing Project in the amount $119,500.00 with an additional 10% contingency amount of $11,950.00 for construction uncertainties and adjustments.

Discussion
During site development activities, specifically during excavation, the contractor uncovered remnants of a previously crushed building structure. This unforeseen condition required full removal of the buried debris from within the new construction footprint, followed by hauling off and proper disposal. The rubble—consisting of concrete, steel, and wood—was located approximately four feet below the existing site elevation and within the over‑excavation limits of the building pad. To address this unexpected condition, the contractor performed the following work on a time‑and‑materials basis:
(Subject Matter 1- 4 words only. Do Not add date or page numbering)

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Lake Elsinore City CouncilJanuary 13, 2026

Lake Elsinore City Council
January 13, 2026