Lake Elsinore City Council
January 27, 2026

C. With respect to the insurance afforded to these
additional insureds, the following is added to
Section III – Limits Of Insurance:

If coverage provided to the additional insured is
required by a contract or agreement, the most we
will pay on behalf of the additional insured is the
amount of insurance:

1. Required by the contract or agreement; or

2. Available under the applicable limits of
insurance;
whichever is less.

This endorsement shall not increase the
applicable limits of insurance.

DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB POLICY NUMBER: A-1CG-992818-04 COMMERCIAL GENERAL LIABILITY CG 20 37 12 19
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

CG 20 37 12 19 © Insurance Services Office, Inc., 2018 Page 1 of 1 ADDITIONAL INSURED – OWNERS, LESSEES OR
CONTRACTORS – COMPLETED OPERATIONS
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART

SCHEDULE
Name Of Additional Insured Person(s)
Or Organization(s) Location And Description Of Completed Operations

THE OWNER AND CONTRACTOR, IF REQUIRED

BY THE TERMS OF A WRITTEN CONTRACT THAT

WAS FULLY EXECUTED PRIOR TO THE DATE OF
THE "OCCURRENCE", AND ANY OTHER PERSONS

OR ENTITIES SPECIFICALLY REQUIRED BY,

AND IDENTIFIED BY NAME IN, THAT SAME
CONTRACT.

Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

A. Section II – Who Is An Insured is amended to
include as an additional insured the person(s) or
organization(s) shown in the Schedule, but only
with respect to liability for "bodily injury" or
"property damage" caused, in whole or in part, by
"your work" at the location designated and
described in the Schedule of this endorsement
performed for that additional insured and included
in the "products-completed operations hazard".

However:

1. The insurance afforded to such additional
insured only applies to the extent permitted by
law; and

2. If coverage provided to the additional insured is
required by a contract or agreement, the
insurance afforded to such additional insured
will not be broader than that which you are
required by the contract or agreement to
provide for such additional insured.

B. With respect to the insurance afforded to these
additional insureds, the following is added to
Section III – Limits Of Insurance:

If coverage provided to the additional insured is
required by a contract or agreement, the most we
will pay on behalf of the additional insured is the
amount of insurance:

1. Required by the contract or agreement; or

2. Available under the applicable limits of
insurance;
whichever is less.

This endorsement shall not increase the
applicable limits of insurance.

LOCATIONS AS REQUIRED BY AN EXECUTED
WRITTEN CONTRACT.

DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB Named Insured GRIFFITH COMPANY
Policy Number A-1CG-992818-04 Endorsement No. 000
Policy Period 12/31/2020 to 12/31/2021 Endorsement Effective Date: 12/31/2020 Producer’s Name: ALLIANT INSURANCE SERVICES, INC.

Producer Number: 02P20

AUTHORIZED REPRESENTATIVE DATE
CG EN GN 0029 09 06

OLD REPUBLIC GENERAL INSURANCE CORPORATION

CHANGES ADDITIONAL INSURED PRIMARY WORDING SCHEDULE
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING:

COMMERCIAL GENERAL LIABILITY COVERAGE FORM
Name of Additional Insured Person(s) Location(s) of Covered Operations Or Organization(s):

WHERE REQUIRED BY WRITTEN CONTRACT.

Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

The insurance provided by this endorsement is primary insurance and we will not seek contribution from any other insurance of a like kind available to the person or organization shown in the schedule above unless the other insurance is provided by a contractor other than the person or organization shown in the schedule above for the same operation and job location. If so, we will share with that other insurance by the method described in paragraph 4.c. of Section IV – Commercial General Liability Conditions.

All other terms and conditions remain unchanged.

All locations as required by written contract
DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB POLICY NUMBER: A-1CG-992818-04 COMMERCIAL GENERAL LIABILITY CG 24 04 12 19
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

CG 24 04 12 19 © Insurance Services Office, Inc., 2018 Page 1 of 1

WAIVER OF TRANSFER OF RIGHTS OF RECOVERY

AGAINST OTHERS TO US (WAIVER OF SUBROGATION)
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART

ELECTRONIC DATA LIABILITY COVERAGE PART

LIQUOR LIABILITY COVERAGE PART

POLLUTION LIABILITY COVERAGE PART DESIGNATED SITES

POLLUTION LIABILITY LIMITED COVERAGE PART DESIGNATED SITES

PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART

RAILROAD PROTECTIVE LIABILITY COVERAGE PART

UNDERGROUND STORAGE TANK POLICY DESIGNATED TANKS

SCHEDULE
Name Of Person(s) Or Organization(s):

Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

The following is added to Paragraph 8. Transfer Of
Rights Of Recovery Against Others To Us of
Section IV – Conditions:

We waive any right of recovery against the person(s)
or organization(s) shown in the Schedule above
because of payments we make under this Coverage
Part. Such waiver by us applies only to the extent that the insured has waived its right of recovery against
such person(s) or organization(s) prior to loss. This
endorsement applies only to the person(s) or
organization(s) shown in the Schedule above.

WHERE REQUIRED BY AN EXECUTED WRITTEN CONTRACT.

DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB POLICY NUMBER: A-1CA-992818-04 COMMERCIAL AUTO
CA 04 44 10 13
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

CA 04 44 10 13 © Insurance Services Office, Inc., 2011 Page 1 of 1

WAIVER OF TRANSFER OF RIGHTS OF RECOVERY

AGAINST OTHERS TO US (WAIVER OF SUBROGATION)
This endorsement modifies insurance provided under the following:

AUTO DEALERS COVERAGE FORM

BUSINESS AUTO COVERAGE FORM

MOTOR CARRIER COVERAGE FORM
With respect to coverage provided by this endorsement, the provisions of the Coverage Form apply unless modified by the endorsement.

This endorsement changes the policy effective on the inception date of the policy unless another date is indicated below.

Named Insured: GRIFFITH COMPANY
Endorsement Effective Date: 12/31/2020

SCHEDULE
Name(s) Of Person(s) Or Organization(s):

WHERE REQUIRED BY AN EXECUTED WRITTEN CONTRACT.

Information required to complete this Schedule, if not shown above, will be shown in the Declarations.

The Transfer Of Rights Of Recovery Against
Others To Us condition does not apply to the
person(s) or organization(s) shown in the Schedule,
but only to the extent that subrogation is waived prior to the "accident" or the "loss" under a contract with
that person or organization.

DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB

OLD REPUBLIC GENERAL INSURANCE CORPORATION
Named Insured GRIFFITH COMPANY
Policy Number A-1CW-992818-04 Endorsement No. 000
Policy Period 12/31/2020 to
12/31/2021
Endorsement Effective Date: 12/31/2020
Producer’s Name: ALLIANT INSURANCE SERVICES, INC.

Producer Number: 02P20

AUTHORIZED REPRESENTATIVE DATE
WC 99 03 15 (09/06)

WAIVER OF OUR RIGHT TO RECOVER FROM OTHERS ENDORSEMENT
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING:

WORKERS' COMPENSATION AND EMPLOYERS' LIABILITY INSURANCE We have the right to recover our payments from anyone liable for an injury covered by this policy. We will not enforce our right against the person or organization named in the Schedule. This agreement applies only to the extent that you perform work under a written contract that requires you to obtain this agreement from us.

This agreement shall not operate directly or indirectly to benefit anyone not named in the Schedule.

Schedule
WHEN REQUIRED BY WRITTEN CONTRACT.

The premium charge for this endorsement is $0.00
DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB IL 02 70 12 19
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

IL 02 70 12 19 © Insurance Services Office, Inc., 2019 Page 1 of 4 CALIFORNIA CHANGES – CANCELLATION

AND NONRENEWAL
This endorsement modifies insurance provided under the following:

CAPITAL ASSETS PROGRAM (OUTPUT POLICY) COVERAGE PART

COMMERCIAL AUTOMOBILE COVERAGE PART

COMMERCIAL GENERAL LIABILITY COVERAGE PART

COMMERCIAL INLAND MARINE COVERAGE PART

COMMERCIAL PROPERTY COVERAGE PART

CRIME AND FIDELITY COVERAGE PART

EMPLOYMENT-RELATED PRACTICES LIABILITY COVERAGE PART

EQUIPMENT BREAKDOWN COVERAGE PART

FARM COVERAGE PART

LIQUOR LIABILITY COVERAGE PART

MEDICAL PROFESSIONAL LIABILITY COVERAGE PART

POLLUTION LIABILITY COVERAGE PART

PRODUCTS/COMPLETED OPERATIONS LIABILITY COVERAGE PART
A. Paragraphs 2. and 3. of the Cancellation
Common Policy Condition are replaced by the
following:

2. All Policies In Effect For 60 Days Or Less
If this policy has been in effect for 60 days or
less, and is not a renewal of a policy we have
previously issued, we may cancel this policy by
mailing or delivering to the first Named Insured,
at the mailing address shown in the policy, and
to the producer of record, advance written
notice of cancellation, stating the reason for
cancellation, at least:
a. 10 days before the effective date of
cancellation if we cancel for:
(1) Nonpayment of premium; or
(2) Discovery of fraud by:
(a) Any insured or his or her
representative in obtaining this
insurance; or
(b) You or your representative in
pursuing a claim under this policy.
b. 30 days before the effective date of
cancellation if we cancel for any other
reason.

3. All Policies In Effect For More Than 60 Days
a. If this policy has been in effect for more
than 60 days, or is a renewal of a policy we
issued, we may cancel this policy only upon
the occurrence, after the effective date of
the policy, of one or more of the following:
(1) Nonpayment of premium, including
payment due on a prior policy we issued
and due during the current policy term
covering the same risks.
(2) Discovery of fraud or material
misrepresentation by:
(a) Any insured or his or her
representative in obtaining this
insurance; or
(b) You or your representative in
pursuing a claim under this policy.
(3) A judgment by a court or an
administrative tribunal that you have
violated a California or Federal law,
having as one of its necessary elements
an act which materially increases any of
the risks insured against.

DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB

(4) Discovery of willful or grossly negligent
acts or omissions, or of any violations of
state laws or regulations establishing
safety standards, by you or your
representative, which materially
increase any of the risks insured
against.
(5) Failure by you or your representative to
implement reasonable loss control
requirements, agreed to by you as a
condition of policy issuance, or which
were conditions precedent to our use of
a particular rate or rating plan, if that
failure materially increases any of the
risks insured against.
(6) A determination by the Commissioner of
Insurance that the:
(a) Loss of, or changes in, our
reinsurance covering all or part of
the risk would threaten our financial
integrity or solvency; or
(b) Continuation of the policy coverage
would:
(i) Place us in violation of California
law or the laws of the state where
we are domiciled; or
(ii) Threaten our solvency.
(7) A change by you or your representative
in the activities or property of the
commercial or industrial enterprise,
which results in a materially added,
increased or changed risk, unless the
added, increased or changed risk is
included in the policy.
b. We will mail or deliver advance written
notice of cancellation, stating the reason for
cancellation, to the first Named Insured, at
the mailing address shown in the policy,
and to the producer of record, at least:
(1) 10 days before the effective date of
cancellation if we cancel for
nonpayment of premium or discovery of
fraud; or
(2) 30 days before the effective date of
cancellation if we cancel for any other
reason listed in Paragraph 3.a.

B. The following provision is added to the
Cancellation Common Policy Condition:

7. Residential Property
This provision applies to coverage on real
property which is used predominantly for
residential purposes and consisting of not more
than four dwelling units, and to coverage on
tenants' household personal property in a
residential unit, if such coverage is written
under one of the following:

Commercial Property Coverage Part
Farm Coverage Part – Farm Property – Farm
Dwellings, Appurtenant Structures And
Household Personal Property Coverage Form
a. If such coverage has been in effect for 60
days or less, and is not a renewal of
coverage we previously issued, we may
cancel this coverage for any reason, except
as provided in b. and c. below.
b. We may not cancel this policy solely
because the first Named Insured has:
(1) Accepted an offer of earthquake
coverage; or
(2) Cancelled or did not renew a policy
issued by the California Earthquake
Authority (CEA) that included an
earthquake policy premium surcharge.

However, we shall cancel this policy if the
first Named Insured has accepted a new or
renewal policy issued by the CEA that
includes an earthquake policy premium
surcharge but fails to pay the earthquake
policy premium surcharge authorized by the
CEA.
c. We may not cancel such coverage solely
because corrosive soil conditions exist on
the premises. This restriction (c.) applies
only if coverage is subject to one of the
following, which exclude loss or damage
caused by or resulting from corrosive soil
conditions:
(1) Commercial Property Coverage Part –
Causes Of Loss – Special Form; or
(2) Farm Coverage Part – Causes Of Loss
Form – Farm Property, Paragraph D.

Covered Causes Of Loss – Special.

DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB IL 02 70 12 19 © Insurance Services Office, Inc., 2019 Page 3 of 4 d. If a state of emergency under California
Law is declared and the residential property
is located in any ZIP Code within or
adjacent to the fire perimeter, as
determined by California Law, we may not
cancel this policy for one year, beginning
from the date the state of emergency is
declared, solely because the dwelling or
other structure is located in an area in
which a wildfire has occurred.However, we
may cancel:
(1) When you have not paid the premium,
at any time by letting you know at least
10 days before the date cancellation
takes effect;
(2) If willful or grossly negligent acts or
omissions by the Named Insured, or his
or her representatives, are discovered
that materially increase any of the risks
insured against; or
(3) If there are physical changes in the
property insured against, beyond the
catastrophe-damaged condition of the
structures and surface landscape, which
result in the property becoming
uninsurable.

C. The following is added and supersedes any
provisions to the contrary:

Nonrenewal

1. Subject to the provisions of Paragraphs C.2.
and C.3. below, if we elect not to renew this
policy, we will mail or deliver written notice,
stating the reason for nonrenewal, to the first
Named Insured shown in the Declarations, and
to the producer of record, at least 60 days, but
not more than 120 days, before the expiration
or anniversary date.

We will mail or deliver our notice to the first
Named Insured, and to the producer of record,
at the mailing address shown in the policy.

2. Residential Property
This provision applies to coverage on real
property used predominantly for residential
purposes and consisting of not more than four
dwelling units, and to coverage on tenants'
household property contained in a residential
unit, if such coverage is written under one of
the following:

Commercial Property Coverage Part
Farm Coverage Part – Farm Property – Farm
Dwellings, Appurtenant Structures And
Household Personal Property Coverage Form
a. We may elect not to renew such coverage
for any reason, except as provided in b., c.
and d. below.
b. We will not refuse to renew such coverage
solely because the first Named Insured has
accepted an offer of earthquake coverage.

However, the following applies only to
insurers who are associate participating
insurers as established by Cal. Ins. Code
Section 10089.16. We may elect not to
renew such coverage after the first Named
Insured has accepted an offer of
earthquake coverage, if one or more of the
following reasons applies:
(1) The nonrenewal is based on sound
underwriting principles that relate to the
coverages provided by this policy and
that are consistent with the approved
rating plan and related documents filed
with the Department of Insurance as
required by existing law;
(2) The Commissioner of Insurance finds
that the exposure to potential losses will
threaten our solvency or place us in a
hazardous condition. A hazardous
condition includes, but is not limited to, a
condition in which we make claims
payments for losses resulting from an
earthquake that occurred within the
preceding two years and that required a
reduction in policyholder surplus of at
least 25% for payment of those claims;
or
(3) We have:
(a) Lost or experienced a substantial
reduction in the availability or scope
of reinsurance coverage; or
(b) Experienced a substantial increase
in the premium charged for
reinsurance coverage of our
residential property insurance
policies; and
the Commissioner has approved a plan
for the nonrenewals that is fair and
equitable, and that is responsive to the
changes in our reinsurance position.
c. We will not refuse to renew such coverage
solely because the first Named Insured has
cancelled or did not renew a policy, issued
by the California Earthquake Authority, that
included an earthquake policy premium
surcharge.

DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB

d. We will not refuse to renew such coverage
solely because corrosive soil conditions
exist on the premises. This restriction (d.)
applies only if coverage is subject to one of
the following, which exclude loss or
damage caused by or resulting from
corrosive soil conditions:
(1) Commercial Property Coverage Part –
Causes Of Loss – Special Form; or
(2) Farm Coverage Part – Causes Of Loss
Form – Farm Property, Paragraph D.

Covered Causes Of Loss – Special.
e. If a state of emergency under California
Law is declared and the residential property
is located in any ZIP Code within or
adjacent to the fire perimeter, as
determined by California Law, we may not
nonrenew this policy for one year,
beginning from the date the state of
emergency is declared, solely because the
dwelling or other structure is located in an
area in which a wildfire has occurred.

However, we may nonrenew:
(1) If willful or grossly negligent acts or
omissions by the Named Insured, or his
or her representatives, are discovered
that materially increase any of the risks
insured against;
(2) If losses unrelated to the postdisaster
loss condition of the property have
occurred that would collectively render
the risk ineligible for renewal; or
(3) If there are physical changes in the
property insured against, beyond the
catastrophe-damaged condition of the
structures and surface landscape, which
result in the property becoming
uninsurable.

3. We are not required to send notice of
nonrenewal in the following situations:
a. If the transfer or renewal of a policy, without
any changes in terms, conditions or rates,
is between us and a member of our
insurance group.
b. If the policy has been extended for 90 days
or less, provided that notice has been given
in accordance with Paragraph C.1.
c. If you have obtained replacement coverage,
or if the first Named Insured has agreed, in
writing, within 60 days of the termination of
the policy, to obtain that coverage.
d. If the policy is for a period of no more than
60 days and you are notified at the time of
issuance that it will not be renewed.
e. If the first Named Insured requests a
change in the terms or conditions or risks
covered by the policy within 60 days of the
end of the policy period.
f. If we have made a written offer to the first
Named Insured, in accordance with the
timeframes shown in Paragraph C.1., to
renew the policy under changed terms or
conditions or at an increased premium rate,
when the increase exceeds 25%.

DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB

CITY OF LAKE ELSINORE

TO BE POSTED IN A CONSPICUOUS PLACE
Business Name:

Business Location:

Owner Name(s):

BUSINESS LICENSE NO.

Issue Date: Expiration Date:

BUSINESS LICENSE
THIS IS YOUR LICENSE • NOT TRANSFERABLE
12200 BLOOMFIELD AVE Business Type:

SANTA FE SPRINGS, CA 90670-4742

GRIFFITH COMPANY
3050 E BIRCH ST
BREA, CA 92821-6248
This business license is issued for revenue purposes only and does not grant authorization to operate a business. This business license is issued without verification that the holder is subject to or exempted from licensing by the state, county, federal government, or any other governmental agency.

Administrative Services - Licensing
130 South Main Street, Lake Elsinore, CA 92530
PH (951) 674-3124

GRIFFITH COMPANY

GENERAL ENGINEERING CONTRACTOR
022199
10/1/2021 9/30/2022
Starting January 1, 2021, Assembly Bill 1607 requires the prevention of gender-based discrimination of business establishments. A full notice is available in English or other languages by going to: https://www.dca.ca.gov/publications/ DocuSign Envelope ID: EC37DC34-E6AB-44C2-90D2-0891A4759AEB

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Rick De Santiago, Public Works Manager
Date: January 27, 2026
Subject: Amendment No. 1 to Agreement with Commercial Door Company, Inc. for Removal and Installation of Four (4) Rolling Steel Service Doors at Fire Station No. 85
Recommendation
Approve and authorize the City Manager to execute Amendment No. 1 with Commercial Door Company, Inc. for the removal and installation of four (4) rolling steel service doors at Fire Station No. 85 and increase compensation by an additional $58,350.00 for a total amount not to exceed $88,350.00 in such final form as approved by the City Attorney.

Background
On October 8, 2024, the City Council approved a contract with Commercial Door Company, Inc., for door repairs, maintenance, and emergency services.

Fire Station No. 85 currently operates with an aging 14' x 14’ rolling steel door that has reached the end of its useful life and no longer meets operational reliability standards for emergency response. The door has experienced repeated mechanical failures, causing delays and increased maintenance costs.

Discussion
Amendment No. 1 is requested and will allow the City to replace outdated equipment, improve the reliability of emergency response, and ensure that Fire Station No. 85 remains fully operational and safe for personnel.

Fiscal Impact
Funds are available in the City’s FY25-26 Annual Operating Budget.

Commercial Door Company Amendment No. 1

Attachments
Attachment 1 –Amendment No. 1
Exhibit A – Proposal
Attachment 2 – Original Agreement
Date: 9/10/2025
11033
Name / Address
City of Lake Elsinore
Attn: Accts Payable
130 S. Main Street
Lake Elsinore, CA 92530
Ship To
Fire Station #85
29405 Grand Avenue
Lake Elsinore, CA 92530
Net 15
Sales Rep: Chuck Nugent
Commercial Door Company, Inc
1374 E. Ninth Street
Pomona, CA 91766
P: 909-622-6400
www.commercialdoorcompany.com
Proposal & Contract No.: POM
Date of Acceptance PO Number X Signature
Terms: Payment to be made as follows:

NOTES:
*Prices are based on non-prevailing wage work performed Monday thru Friday 7:30 a.m. to 4:00 p.m., unless otherwise specified. * Commercial Door Company Inc is fully insured however; special insurance requests are subject to an additional charge.

Commercial Door Company agrees to furnish necessary labor, materials and tools to complete and contracted work professional standards. Permits and finish painting are not included unless specifically noted in this contract. Excludes any hidden damage due to concrete cutting. Delays in commencement or completion of work beyond our control will be billed at the applicable hourly rate. This contract constitutes the full agreement between Commercial Door Company and the customer. Any changes or additions to this contract must be in writing and signed by both parties. Alterations or changes to work specified in the contract that involve extra costs for labor or materials will require written authorizations from the customer and will become additional charges to the contracted amount. In the event of litigation, the customer agrees to pay for all attorney’s fees and court costs incurred by Commercial Door Company to enforce the terms of this contract and its addendums.

Acceptance of Proposal: The above prices and specifications are satisfactory and hereby accepted. You are authorized as specified. Payment will be made as outlined above.

State License # 272762
NOTE: This proposal is based upon payment by cash, check or ACH credit. *This quote is valid for 10 days from the date issued*
Description
REQUESTOR NAME:Hector Gonzales
PHONE #:951 226 6109
E-MAIL:Hector [email protected]
New Doors
Remove existing 14' x 14' RSD. Furnish and install (4) 14' x 14' Cookson Rolling Steel Service doors with motor operators.

Includes: 22 Ga Steel Slat Curtain, 100,000 cycle barrel with solid shaft, Hood, Guides, bottom Bar, Motor operator, Light Curtains for safety, Bottom safety edge with coil cord, Adjust, Balance and check for proper operation.

Project is quoted prevailing wage DIR 1000001048
Includes: Material, Tax, Labor, Disposal and Equipment
Lake Elsinore*-Riverside
FOR THE SUM OF: $58,350.00

AGREEMENT FOR CONTRACTOR SERVICES
Commercial Door Company, Inc.

ON-CALL SERVICES
This Agreement for Contractor Services (On-Call) (the “Agreement”) is made and entered into as of October 8, 2024 by and between the City of Lake Elsinore, a municipal corporation (the “City”) and Commercial Door Company, Inc., a Corporation (the “Contractor”).

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

On-Call Services for Citywide Fire Stations.

B. The City has prepared a request for a proposals and Contractor has submitted to City a proposal, dated September 27, 2024, both of which are attached hereto as Exhibit A (collectively, the "Contractor's Proposal") and incorporated herein, to provide services and related work to the City pursuant to the terms of this Agreement.

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

AGREEMENT

1. Scope of Services. Contractor shall perform the services and related work described in Contractor's Proposal (Exhibit A). Contractor shall provide such services and related work at the time, place, and in the manner specified in Contractor's Proposal (Exhibit A), subject to the direction of the City through its staff that it may provide from time to time. Contractor acknowledges that the Scope of Services provides for 24 hour-a-day, 7 day-a-week, on-call and minor construction support on an as needed basis.

2. Time of Performance.
a. Time of Essence. Time is of the essence in the performance of this Agreement. The time for completion of the services and related work to be performed by Contractor is an essential condition of this Agreement. Contractor shall prosecute regularly and diligently the services and related work contemplated pursuant to this Agreement consistent with Contractor's Proposal (Exhibit A) and shall provide, furnish and pay all labor, materials, necessary tools, expendable equipment, and all taxes, utility and transportation services required to perform such the services and related work.
b. Performance Schedule. Contractor shall commence the services and related work pursuant to this Agreement upon receipt of a written notice to proceed and shall perform all services and related work within the time period(s) established in the Contractor's Proposal (Exhibit A). When requested by Contractor, extensions to the time period(s) specified may be approved in writing by the City Manager.

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

c. Term and Compliance with Task/Work Order System. Unless earlier terminated as provided elsewhere in this Agreement, this Agreement shall continue in full force and effect for a period commencing on July 1, 2024 and ending June 30, 2026. The City may, at its sole discretion, extend the term of this Agreement on a 12-month basis not to exceed 2 additional twelve (12) month renewal terms by giving written notice thereof to Contractor not less than thirty (30) days before the end of the contract term, such notice to be exercised by the City Manager.

Contractor hereby agrees and acknowledges that any and all work or services performed pursuant to this Agreement shall be based upon the issuance of a Task/Work Order by the City. Contractor acknowledges that it is not guaranteed any minimum or specific amount of work or services as all work or services shall be authorized through a Task/Work Order issued by the City.

3. Compensation. Compensation to be paid to Contractor shall be in accordance with the fees set forth in Contractor's Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Contractor's annual compensation exceed Thirty Thousand Dollars ($30,000) without additional written authorization from the City. Notwithstanding any provision of Contractor's Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

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

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

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

6. Suspension or Termination.
a. The City may at any time, for any reason, with or without cause, suspend or terminate this Agreement, or any portion hereof, by serving upon the Contractor at least ten (10) days prior written notice. Upon receipt of such notice, the Contractor shall immediately cease all work under this Agreement, unless the notice provides otherwise. If the City suspends or terminates a portion of this Agreement, such suspension or termination shall not make void or invalidate the remainder of this Agreement.
b. In the event this Agreement is terminated pursuant to this Section, the City shall pay to Contractor the actual value of the work performed up to the time of termination, provided that the work performed is of value to the City. Upon termination of the Agreement pursuant to this Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

Section, the Contractor will submit an invoice to the City, pursuant to Section entitled "Method of Payment" herein.

7. Plans, Reports, Documents
a. Ownership of Documents. All plans, studies, documents and other writings prepared by and for Contractor, its officers, employees and agents and subcontractors in the course of implementing this Agreement, except working notepad internal documents, shall become the property of the City upon payment to Contractor for such work, and the City shall have the sole right to use such materials in its discretion without further compensation to Contractor or to any other party. Contractor shall, at Contractor's expense, provide such reports, plans, studies, documents and other writings to City upon written request. City shall have sole determination of the public’s rights to documents under the Public Records Act, and any third-party requests of Contractor shall be immediately referred to City, without any other actions by Contractor. b. Licensing of Intellectual Property. This Agreement creates a nonexclusive and perpetual license for City to copy, use, modify, reuse, or sublicense any and all copyrights, designs, and other intellectual property embodied in plans, specifications, studies, drawings, estimates, and other documents or works of authorship fixed in any tangible medium of expression, including but not limited to, physical drawings or data magnetically or otherwise recorded on computer diskettes, which are prepared or caused to be prepared by Contractor under this Agreement ("Documents & Data"). Contractor shall require that all subcontractors agree in writing that City is granted a nonexclusive and perpetual license for any Documents & Data the subcontractor prepares under this Agreement. Contractor represents and warrants that Contractor has the legal right to license any and all Documents & Data. Contractor makes no such representation and warranty in regard to Documents & Data, which were prepared by design professionals other than Contractor or provided, to Contractor by the City. City shall not be limited in any way in its use of the Documents & Data at any time, provided that any such use not within the purposes intended by this Agreement shall be at City's sole risk. c. Confidentiality. All ideas, memoranda, specifications, plans, procedures, drawings, descriptions, computer program data, input record data, written information, and other Documents & Data either created by or provided to Contractor in connection with the performance of this Agreement shall be held confidential by Contractor. Contractor shall not, without the prior written consent of City, use such materials for any purposes other than the performance of the services under this Agreement. Nor shall such materials be disclosed to any person or entity not connected with the performance of the services under this Agreement. Nothing furnished to Contractor, which is otherwise known to Contractor or is generally known, or has become known, to the related industry shall be deemed confidential. Contractor shall not use City's name or insignia, photographs relating to project for which Contractor's services are rendered, or any publicity pertaining to the Contractor's services under this Agreement in any magazine, trade paper, newspaper, television or radio production or other similar medium without the prior written consent of City.

8. Contractor's Books and Records.
a. Contractor shall maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents evidencing or relating to charges for services, or expenditures and disbursements charged to City for a minimum period of three (3) years, or for any longer period required by law, from the date of final payment to Contractor to this Agreement.
b. Contractor shall maintain all documents and records which demonstrate performance under this Agreement for a minimum period of three (3) years, or for any longer period Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

required by law, from the date of termination or completion of this Agreement. c. Any records or documents required to be maintained pursuant to this Agreement shall be made available for inspection or audit, at any time during regular business hours, upon written request by the City Manager, City Attorney, City Auditor or a designated representative of these officers. Copies of such documents shall be provided to the City for inspection at City Hall when it is practical to do so. Otherwise, unless an alternative is mutually agreed upon, the records shall be available at Contractor's address indicated for receipt of notices in this Agreement. d. Where City has reason to believe that such records or documents may be lost or discarded due to dissolution, disbandment or termination of Contractor's business, City may, by written request by any of the above-named officers, require that custody of the records be given to the City and that the records and documents be maintained in City Hall. Access to such records and documents shall be granted to any party authorized by Contractor, Contractor's representatives, or Contractor's successor-in-interest.

9. Independent Contractor.
a. Contractor is and shall at all times remain as to the City a wholly independent contractor pursuant to California Labor Code Section 3353. The personnel performing the services under this Agreement on behalf of Contractor shall at all times be under Contractor’s exclusive direction and control. Neither City nor any of its officers, employees, or agents shall have control over the conduct of Contractor or any of Contractor’s officers, employees, or agents, except as set forth in this Agreement. Contractor shall not at any time or in any manner represent that it or any of its officers, employees, or agents are in any manner officers, employees, or agents of the City.

Contractor shall not incur or have the power to incur any debt, obligation, or liability whatsoever against City, or bind City in any manner.
b. Notwithstanding any other federal, state and local laws, codes, ordinances and regulations to the contrary, Contractor and any of its employees, agents, and subcontractors providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by City, including but not limited to eligibility to enroll in PERS as an employee of City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for PERS benefits.

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

11. Interests of Contractor. Contractor (including principals, associates and management employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered by this Agreement or any other source of income, interest in real property or investment which would be affected in any manner or degree by the performance of Contractor's services hereunder. Contractor further covenants and represents that in the performance of its duties hereunder no person having any such interest shall perform any services under this Agreement.

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

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

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

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

14. Licenses. Contractor represents and warrants to City that it has the licenses, permits, qualifications, insurance and approvals of whatsoever nature, which are legally required of Contractor to practice its profession. Contractor represents and warrants to 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.

15. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Contractor or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Contractor shall not apply when (1) the injury, loss of life, damage to property, or violation of law arises from the active 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 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.

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

16. Insurance Requirements .
a. Insurance. Contractor, at Contractor's own cost and expense, shall procure and maintain, for the duration of the contract, unless modified by the City's Risk Manager, the following insurance policies.
i. Workers' Compensation Coverage. Contractor shall maintain Workers' Compensation Insurance andEmployer'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. 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. b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best's rating of no less than A:VII and shall be endorsed with the following specific language :
i. Notwithstanding any inconsistent statement in any required insurance policies or any subsequent endorsements attached thereto, the protection offered by all policies, except for Workers’ Compensation, shall bear an endorsement whereby it is provided that, the City and its officers, employees, servants, volunteers and agents and independent contractors, including without limitation, the City Manager and City Attorney, are named as additional insureds. Additional insureds shall be entitled to the full benefit of all insurance policies in the same manner and to the same extent as any other insureds and there shall be no limitation to the benefits conferred upon them other than policy limits to coverages.
ii. This policy shall be considered primary insurance as respects the City, Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

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 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.

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

If to 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: Commercial Door Company, Inc.

Attn: Yolanda Vacario
1374 E. Ninth St.

Pomona, Ca 91766
Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

18. Assignment and Subcontracting. The parties recognize that a substantial inducement to City for entering into this Agreement is the reputation, experience and competence of Contractor.

Contractor shall be fully responsible to City for all acts or omissions of any subcontractors.

Assignments of any or all rights, duties or obligations of the Contractor under this Agreement will be permitted only with the express consent of the City. Contractor shall not subcontract any portion of the work to be performed under this Agreement without the written authorization of the City. If City consents to such subcontract, Contractor shall be fully responsible to City for all acts or omissions of those subcontractors. 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.

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

20. Litigation Expenses and Attorneys' Fees. If either party to this Agreement commences any legal action against the other party arising out of this Agreement, the prevailing party shall be entitled to recover its reasonable litigation expenses, including court costs, expert witness fees, discovery expenses, and attorneys' fees.

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

22. Prohibited Interests. Contractor maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Contractor, to solicit or secure this Agreement. Further, Contractor warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Contractor, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. For breach or violation of this warranty, 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.

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

24. Prevailing Wages. Contractor is aware of the requirements of California Labor Code Section 1720, et seq., and 1770, et seq., as well as California Code of Regulations, Title 8, Section 16000, et seq., ("Prevailing Wage Laws"), which require the payment of prevailing wage rates and the performance of other requirements on "public works" and "maintenance" projects. Contractor agrees to fully comply with all applicable federal and state labor laws (including, without limitation, if applicable, the Prevailing Wage Laws). It is agreed by the parties that, in connection with the work or services provided pursuant to this Agreement, Contractor shall bear all risks of payment or nonpayment of prevailing wages under California law, and Contractor hereby agrees to defend, Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

indemnify, and hold the City, and its officials, officers, employees, agents, and volunteers, free and harmless from any claim or liability arising out of any failure or alleged failure to comply with the Prevailing Wage Laws. The foregoing indemnity shall survive termination of this Agreement.

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

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

27. Authority to Enter Agreement. Contractor has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and to bind each respective party. The 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.

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

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

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

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”
Commercial Door Company, Inc, a Corporation
Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3 City Manager By: Yolanda Vacario
Its: Contract Administrator
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Signed by:

Attachments: Exhibit A - Contractor's Proposal

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

EXHIBIT A

EXHIBIT A

CONTRACTOR'S PROPOSAL
[ATTACHED]
Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3 Prevailing Wage Rates as of 4-01-2024
For overhead door, dock equipment, gates, trash enclosures repair or replacement:

Time Period Service Fee 2 Man
Crew
Travel Time
Regular Time (Prevailing Wage) (7:30 am to 4 pm)
$50.00
Tool & Truck Fee + Materials
$330.00 per hour $220.00 per hour
Overtime (Prevailing Wage) (Any time spent on job site after 4 pm) $50.00
Tool & Truck Fee + Materials
$495.00 per hour $330.00 per hour
Emergency Rate (Prevailing Wage) (Dispatched to arrive after 4 pm or weekends/holidays) $50.00
Tool & Truck Fee + Materials
$495.00 per hour $330.00 per hour
Note: Rates are as of 4-01-24 and are subject to change without written notice.

FOR SERVICE OR A FREE ESTIMATE CALL: 800-310-5200
Servicing Los Angeles County • San Bernardino County • Riverside County • Orange County www.commercialdoorcompany.com










 

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

ANY PROPRIETOR/PARTNER/EXECUTIVE
OFFICER/MEMBER EXCLUDED?

INSR ADDL SUBR

LTR INSD WVD

PRODUCER CONTACT
NAME:

PHONE FAX (A/C, No, Ext): (A/C, No):

E-MAIL
ADDRESS:

INSURER A :

INSURED INSURER B :

INSURER C :

INSURER D :

INSURER E :

INSURER F :

POLICY NUMBER POLICY EFF POLICY EXP TYPE OF INSURANCE (MM/DD/YYYY) (MM/DD/YYYY) LIMITS

AUTOMOBILE LIABILITY

UMBRELLA LIAB

EXCESS LIAB

WORKERS COMPENSATION

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

AUTHORIZED REPRESENTATIVE
EACH OCCURRENCE $
DAMAGE TO RENTED CLAIMS-MADE OCCUR PREMISES (Ea occurrence) $ MED EXP (Any one person) $
PERSONAL & ADV INJURY $
GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $

PRO- POLICY LOC JECT PRODUCTS - COMP/OP AGG
OTHER: $

COMBINED SINGLE LIMIT
(Ea accident) $
ANY AUTO BODILY INJURY (Per person) $

OWNED SCHEDULED
AUTOS ONLY AUTOS BODILY INJURY (Per accident) $

HIRED NON-OWNED PROPERTY DAMAGE
AUTOS ONLY AUTOS ONLY (Per accident) $
$

OCCUR EACH OCCURRENCE
CLAIMS-MADE AGGREGATE $
DED RETENTION $
PER OTHSTATUTE ER
E.L. EACH ACCIDENT
E.L. DISEASE - EA EMPLOYEE $
If yes, describe under
DESCRIPTION OF OPERATIONS below E.L. DISEASE - POLICY LIMIT INSURER(S) AFFORDING COVERAGE NAIC #

COMMERCIAL GENERAL LIABILITY
Y / N
N / A
(Mandatory in NH)

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

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

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

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS

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

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

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

COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:

CERTIFICATE HOLDER CANCELLATION
ACORD 25 (2016/03) © 1988-2015 ACORD CORPORATION. All rights reserved.

CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)
$
$
$
$
$
The ACORD name and logo are registered marks of ACORD
9/19/2024
License # 0757776
(310) 534-7996
16535
Commercial Door Company, Inc.
1374 East Ninth Street
Pomona, CA 91766
A 1,000,000
X GLO-4435196-03 8/1/2024 8/1/2025 1,000,000
5,000
1,000,000
2,000,000
2,000,000
BI DED 5,000
A 1,000,000
BAP-4435198-03 8/1/2024 8/1/2025
COMP/COLL DED 1,000
City of Lake Elsinore its respective affiliates, officers, directors and employees and the property owner are Additional Insured with regard to General Liability when required by written contract per the attached endorsement form #U-GL-2162-A CW (02/19).

City of Lake Elsinore
130 S Main Street
Lake Elsinore, CA 92530
COMMDOO-04 KMARISREE
HUB International Insurance Services Inc.
600 Corporate Pointe
Suite 600
Culver City, CA 90230
Elizabeth Williams
[email protected]
Zurich American Insurance Company
X
X
X
X










 

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

CERTIFICATE HOLDER CANCELLATION

AUTHORIZED REPRESENTATIVE
ACORD 25 (2009/09) ©1988-2009 ACORD CORPORATION. All rights reserved DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (Attach Acord 101, Additional Remarks Schedule, if more space is required)

COVERAGES

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

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

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

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

CERTIFICATE NUMBER: REVISION NUMBER:

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

INSR
LTR
ADDL

TYPE OF INSURANCE POLICY NUMBER INSR POLICY EFF
(MM/DD/YYYY)

POLICY EXP
(MM/DD/YYYY) LIMITS
SUBR
WVD

GENERAL LIABILITY

UMBRELLA LIAB

EXCESS LIAB

WORKERS COMPENSATION
AND EMPLOYERS’ LIABILITY

ANY PROPRIETOR/PARTNER/EXECUTIVE
OFFICER/MEMBER EXCLUDED?
If yes, describe under
SPECIAL PROVISIONS below
(Mandatory in NH)

PRODUCER

INSURED
INSURER(S) AFFORDING COVERAGE NAIC #

CONTACT
NAME:

PHONE
(A/C, No, Ext):

E-MAIL
ADDRESS:

PRODUCER
CUSTOMER ID #
FAX
(A/C, No):

INSURER C:

INSURER D:

INSURER E:

INSURER A:

INSURER B:

INSURER F:

N / A

COMMERCIAL GENERAL LIABILITY
GEN’L AGGREGATE LIMIT APPLIES PER:

POLICY LOC PROJECT

CLAIMS MADE OCCUR
$

EACH OCCURRENCE
MED EXP (any one person)

PERSONAL & ADV INJURY

GENERAL AGGREGATE

PRODUCTS - COMP/OP AGG
$
$
$
$
$
$

ANY AUTO

ALL OWNED AUTOS

SCHEDULED AUTOS

HIRED AUTOS

NON-OWNED AUTOS

AUTOMOBILE LIABILITY
$
$

COMBINED SINGLE LIMIT
(Ea accident)
BODILY INJURY (Per person)
BODILY INJURY (Per accident)

PROPERTY DAMAGE
(Per accident)
$
$
$
$

CLAIMS MADE

DEDUCTIBLE
RETENTION $

OCCUR EACH OCCURRENCE

AGGREGATE
$
$
$
$
$
$
$
WC STATUTORY LIMITSOTHER
E.L. EACH ACCIDENT
E.L. DISEASE - EA EMPLOYEE
E.L. DISEASE - POLICY LIMIT
Y / N

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED

BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.
10825 Old Mill Rd
Omaha, NE 68154
(877)234-4420
CTL 1273 1769879
04/23/2024
05/01/2024 05/01/2025
X
28258
The blanket waiver applies to all operations for City of Lake Elsinore for whom the named insured has agreed by written contrac t to furnish this waiver.

Continental Indemnity Co.
(877)234-4420 (877)234-4421
A 82-910102-02-10 1,000,000
1,000,000
N
1,000,000
AU Insurance Services
Commercial Door Company, Inc.

City of Lake Elsinore
1374 E 9th St
Pomona, CA 91766-3831
0D78336

DAMAGE TO RENTED
PREMISES (Ea occurrence)
130 S Main St.

Lake Elsinore, CA 92530










 

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

Policy No. GLO 4435196-0 Effective Date: 08/01/202
Additional Insured – Automatic – Owners, Lessees Or
Contractors
U-GL-2162-A CW (02/19)

Includes copyrighted material of Insurance Services Office, Inc., with its permission.

This endorsement modifies insurance provided under the:

Commercial General Liability Coverage Part
A. Section II – Who Is An Insured is amended to include as an additional insured any person or organization whom you are required to add as an additional insured under a written contract or written agreement executed by you, but only with respect to liability for "bodily injury", "property damage" or "personal and advertising injury" and subject to the following:

1. If such written contract or written agreement specifically requires that you provide that the person or organization be named as an additional insured under one or both of the following endorsements:
a. The Insurance Services Office (ISO) ISO CG 20 10 (10/01 edition); or b. The ISO CG 20 37 (10/01 edition),
such person or organization is then an additional insured with respect to such endorsement(s), but only to the extent that "bodily injury", "property damage" or "personal and advertising injury" arises out of:
(1) Your ongoing operations, with respect to Paragraph 1.a. above; or (2) "Your work", with respect to Paragraph 1.b. above,
which is the subject of the written contract or written agreement.

However, solely with respect to this Paragraph 1., insurance afforded to such additional insured:
(a) Only applies if the "bodily injury", "property damage" or "personal and advertising injury" offense occurs during the policy period and subsequent to your execution of the written contract or written agreement; and
(b) Does not apply to "bodily injury" or "property damage" caused by "your work" and included within the "products-completed operations hazard" unless the written contract or written agreement specifically requires that you provide such coverage to such additional insured.

2. If such written contract or written agreement specifically requires that you provide that the person or organization be named as an additional insured under one or both of the following endorsements:
a. The Insurance Services Office (ISO) ISO CG 20 10 (07/04 edition); or b. The ISO CG 20 37 (07/04 edition),
such person or organization is then an additional insured with respect to such endorsement(s), but only to the extent that "bodily injury", "property damage" or "personal and advertising injury" is caused, in whole or in part, by:
(1) Your acts or omissions; or
(2) The acts or omissions of those acting on your behalf, 









 

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3 U-GL-2162-A CW (02/19)

Includes copyrighted material of Insurance Services Office, Inc., with its permission. in the performance of:
(a) Your ongoing operations, with respect to Paragraph 2.a. above; or (b) "Your work" and included in the "products-completed operations hazard", with respect to Paragraph

2.b. above,
which is the subject of the written contract or written agreement.

However, solely with respect to this Paragraph 2., insurance afforded to such additional insured:
(i) Only applies if the "bodily injury", "property damage" or "personal and advertising injury" offense occurs during the policy period and subsequent to your execution of the written contract or written agreement; and
(ii) Does not apply to "bodily injury" or "property damage" caused by "your work" and included within the "products-completed operations hazard" unless the written contract or written agreement specifically requires that you provide such coverage to such additional insured.

3. If neither Paragraph 1. nor Paragraph 2. above apply and such written contract or written agreement requires that you provide that the person or organization be named as an additional insured:
a. Under the ISO CG 20 10 (04/13 edition, any subsequent edition or if no edition date is specified); or b. With respect to ongoing operations (if no form is specified), such person or organization is then an additional insured only to the extent that "bodily injury", "property damage" or "personal and advertising injury" is caused, in whole or in part by:
(1) Your acts or omissions; or
(2) The acts or omissions of those acting on your behalf, in the performance of your ongoing operations, which is the subject of the written contract or written agreement.

However, solely with respect to this Paragraph 3., insurance afforded to such additional insured:
(a) Only applies to the extent permitted by law;
(b) Will not be broader than that which you are required by the written contract or written agreement to provide for such additional insured; and
(c) Only applies if the "bodily injury", "property damage" or "personal and advertising injury" offense occurs during the policy period and subsequent to your execution of the written contract or written agreement.

4. If neither Paragraph 1. nor Paragraph 2. above apply and such written contract or written agreement requires that you provide that the person or organization be named as an additional insured:
a. Under the ISO CG 20 37 (04/13 edition, any subsequent edition or if no edition date is specified); or b. With respect to the "products-completed operations hazard" (if no form is specified), such person or organization is then an additional insured only to the extent that "bodily injury" or "property damage" is caused, in whole or in part by "your work" and included in the "products-completed operations hazard", which is the subject of the written contract or written agreement.

However, solely with respect to this Paragraph 4., insurance afforded to such additional insured:
(1) Only applies to the extent permitted by law;
(2) Will not be broader than that which you are required by the written contract or written agreement to provide for such additional insured;
(3) Only applies if the "bodily injury" or "property damage" occurs during the policy period and subsequent to your execution of the written contract or written agreement; and (4) Does not apply to "bodily injury" or "property damage" caused by "your work" and included within the "products-completed operations hazard" unless the written contract or written agreement specifically requires that you provide such coverage to such additional insured. 









 

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3 U-GL-2162-A CW (02/19)

Includes copyrighted material of Insurance Services Office, Inc., with its permission.

B. Solely with respect to the insurance afforded to any additional insured referenced in Section A. of this endorsement, the following additional exclusion applies:

This insurance does not apply to "bodily injury", "property damage" or "personal and advertising injury" arising out of the rendering of, or failure to render, any professional architectural, engineering or surveying services including:

1. The preparing, approving or failing to prepare or approve maps, shop drawings, opinions, reports, surveys, field orders, change orders or drawings and specifications; or

2. Supervisory, inspection, architectural or engineering activities.

This exclusion applies even if the claims against any insured allege negligence or other wrongdoing in the supervision, hiring, employment, training or monitoring of others by that insured, if the "occurrence" which caused the "bodily injury" or "property damage", or the offense which caused the "personal and advertising injury", involved the rendering of or the failure to render any professional architectural, engineering or surveying services.

C. Solely with respect to the coverage provided by this endorsement, the following is added to Paragraph 2. Duties In The Event Of Occurrence, Offense, Claim Or Suit of Section IV – Commercial General Liability Conditions:

The additional insured must see to it that:
(1) We are notified as soon as practicable of an "occurrence" or offense that may result in a claim; (2) We receive written notice of a claim or "suit" as soon as practicable; and (3) A request for defense and indemnity of the claim or "suit" will promptly be brought against any policy issued by another insurer under which the additional insured may be an insured in any capacity. This provision does not apply to insurance on which the additional insured is a Named Insured if the written contract or written agreement requires that this coverage be primary and non-contributory.

D. Solely with respect to the coverage provided by this endorsement:

1. The following is added to the Other Insurance Condition of Section IV – Commercial General Liability Conditions:

Primary and Noncontributory insurance
This insurance is primary to and will not seek contribution from any other insurance available to an additional insured provided that:
a. The additional insured is a Named Insured under such other insurance; and b. You are required by written contract or written agreement that this insurance be primary and not seek contribution from any other insurance available to the additional insured.

2. The following paragraph is added to Paragraph 4.b. of the Other Insurance Condition under Section IV – Commercial General Liability Conditions:

This insurance is excess over:

Any of the other insurance, whether primary, excess, contingent or on any other basis, available to an additional insured, in which the additional insured on our policy is also covered as an additional insured on another policy providing coverage for the same "occurrence", offense, claim or "suit". This provision does not apply to any policy in which the additional insured is a Named Insured on such other policy and where our policy is required by a written contract or written agreement to provide coverage to the additional insured on a primary and noncontributory basis.

E. This endorsement does not apply to an additional insured which has been added to this Coverage Part by an endorsement showing the additional insured in a Schedule of additional insureds, and which endorsement applies specifically to that identified additional insured.

F. Solely with respect to the insurance afforded to an additional insured under Paragraph A.3. or Paragraph A.4. of this endorsement, the following is added to Section III – Limits Of Insurance:

Additional Insured – Automatic – Owners, Lessees Or Contractors Limit The most we will pay on behalf of the additional insured is the amount of insurance:










 

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3 U-GL-2162-A CW (02/19)

Includes copyrighted material of Insurance Services Office, Inc., with its permission.

1. Required by the written contract or written agreement referenced in Section A. of this endorsement; or

2. Available under the applicable Limits of Insurance shown in the Declarations, whichever is less.

This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations.

All other terms, conditions, provisions and exclusions of this policy remain the same. 









 

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3

CITY OF LAKE ELSINORE

TO BE POSTED IN A CONSPICUOUS PLACE
Business Name:

Business Location:

Owner Name(s):

BUSINESS LICENSE NO.

Issue Date: Expiration Date:

BUSINESS LICENSE
THIS IS YOUR LICENSE • NOT TRANSFERABLE
1374 E 9TH ST Business Type:

POMONA, CA 91766-3831

COMMERCIAL DOOR COMPANY INC
1374 E 9TH ST
POMONA, CA 91766-3831
This business license is issued for revenue purposes only and does not grant authorization to operate a business. This business license is issued without verification that the holder is subject to or exempted from licensing by the state, county, federal government, or any other governmental agency.

Administrative Services - Licensing
130 South Main Street, Lake Elsinore, CA 92530
PH (951) 674-3124

COMMERCIAL DOOR COMPANY INC

DAVID HOLMES

LIMITED SPECIALTY CONTRACTOR
022700
3/1/2024 2/28/2025
Starting January 1, 2021, Assembly Bill 1607 requires the prevention of gender-based discrimination of business establishments. A full notice is available in English or other languages by going to: https://www.dca.ca.gov/publications/ 









 

Docusign Envelope ID: 437B81A2-3BDC-4306-80D9-EF10BE7A53B3 AMENDMENT NO. 1

TO AGREEMENT FOR CONTRACTOR SERVICES
Commercial Door Company, Inc.

ON-CALL SERVICES
This Amendment No. 1 to Agreement for Contractor Services is made and entered into as of 1/27/2026, by and between the City of Lake Elsinore, a municipal corporation (“City), and Commercial Door Company, Inc., a Corporation (“Contractor”).

RECITALS
A. The City and Contractor have entered into that certain Agreement for Contractor Services dated as of 10/8/2024, (the “Original Agreement”). Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

B. The Original Agreement provided for compensation to Contractor in an amount of Thirty Thousand dollars ($30,000.00).

C. The Original Agreement had a term of commencing on July 1, 2024, and ending June 30, 2026, and allows the City to extend the term on a 12-month basis, not to exceed two (2) additional 12-month renewals.

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

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

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

Notwithstanding the foregoing, for purposes of Amendment No. 1 and the term thereof, compensation to be paid to Contractor shall be in accordance with the Schedule of Charges set forth in Contractor ’s Proposal (referenced collectively as Exhibit A-1 Amendment No. 1). In no event shall Contractor’s total annual compensation exceed Eighty-Eight Thousand Three Hundred Fifty dollars ($88,350.00) without additional written authorization from the City.

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

IN WITNESS WHEREOF, the parties have caused this Amendment No. 1 to be executed on the respective dates set forth below.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
“CONTRACTOR”
Commercial Door Company, Inc. a Corporation
City Manager
Date:

Yolanda Smith, Contract Administrator
Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
Attachments: Exhibit A-1 – Contractor ’s Proposal
EXHIBIT A-1
CONTRACTOR ’S PROPOSAL
[ATTACHED]

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Candice Alvarez, MMC, Secretary
Date: January 27, 2026
Subject: Minutes of the Regular City Council Meeting of January 13, 2026 Recommendation
Approve the Minutes.

Attachments
Attachment 1 – Draft Minutes
City of Lake Elsinore Meeting Date:

City Council Meeting January 13, 2026
Meeting Time:

Closed Session: 5:00 P.M.

Mayor Magee Open Session: 7:00 P.M.

Mayor Pro Tem Sheridan
Council Member Tisdale Cultural Center
Council Member Manos 183 N. Main Street
Council Member Carroll Lake Elsinore, CA 92530

1. CALL TO ORDER
The Regular Meetings of the City Council and the Successor Agency were called to order at 5:00 p.m.

2. ROLL CALL

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

Absent: 0 - None

3. PUBLIC COMMENTS ON CLOSED SESSION ITEMS
Jason Goldsbrough was called to speak.

4. CITY COUNCIL CLOSED SESSION

4.1 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) City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 2

4.2 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.

5. SUCCESSOR AGENCY CLOSED SESSION

5.1 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

6. RECESS
The City Council recessed into Closed Session at 5:04 p.m. Council Member Manos arrived at 5:17 p.m.

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

The Regular Meetings of the City Council and the Successor Agency reconvened at 7:00 p.m.

8. PLEDGE OF ALLEGIANCE
Mayor Magee led the Pledge of Allegiance.

9. ROLL CALL

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

Absent: 0 - None

10. CLOSED SESSION REPORT
City Attorney Leibold reported that all three items were discussed. The City Council authorized Legal Counsel to proceed with the initiation of litigation and may anticipate a Resolution of Necessity on the February 10, 2026 agenda regarding Agenda Item No. 4.1 and gave direction to Legal Counsel regarding Agenda Item No. 4.2. There was no reportable action taken on Agenda Item No. 5.1.

11. PRESENTATIONS/CEREMONIALS
City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 3

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

Ace Vallejos was called to speak.

13. CITY COUNCIL CONSENT CALENDAR
Moved by Mayor Pro Tem Sheridan, Seconded by Council Member Manos to approve the City Council Consent Calendar, with Council Member Carroll abstaining from voting on Agenda Item No. 13.17 and with Item No. 13.18 being removed from the City Council Consent Calendar for discussion.

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Carried (5 to 0)

13.1 Minutes of the Regular City Council Meeting of December 9, 2025 Approve the Minutes.

This item was approved on the City Council Consent Calendar.

13.2 CC Warrant Report Dated December 01, 2025 to December 07, 2025 Receive and file.

This item was approved on the City Council Consent Calendar.

13.3 CC Warrant Report Dated December 08, 2025 to December 14, 2025 Receive and file.

This item was approved on the City Council Consent Calendar.

13.4 CC Warrant Report Dated December 15, 2025 to December 21, 2025 Receive and file.

This item was approved on the City Council Consent Calendar.

13.5 Investment Report for November 2025
Receive and file the Investment Report for November 2025.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 4

13.6 Stadium Operation and Maintenance Agreement

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.

This item was approved on the City Council Consent Calendar.

13.7 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)
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.

This item was approved on the City Council Consent Calendar.

13.8 City Council Meeting Dates for 2026
Review the 2026 meeting dates and approve canceling the Regular meetings of November 24 and December 22, 2026.

This item was approved on the City Council Consent Calendar.

13.9 Appointments to the Measure Z Citizens Committee and Planning Commission
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.

This item was approved on the City Council Consent Calendar.

13.10 Mayor’s Recommended Council Appointments
Appoint City Council Members to serve on the various Boards, Committees, Subcommittees, and Ad-Hoc Committees
This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 5

13.11 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)
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.

This item was approved on the City Council Consent Calendar.

13.12 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)
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.

This item was approved on the City Council Consent Calendar.

13.13 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
Receive and file the Notice of Decision for Planning Application No. 2023-34 approved by the Planning Commission on December 16, 2025.

This item was approved on the City Council Consent Calendar.

13.14 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
Receive and file the Notice of Decision for Planning Application No. 2024-08 denied by the Planning Commission on December 16, 2025.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 6

13.15 Fabrication and Installation of the Historic Downtown Main Street Gateway Signage
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.

This item was approved on the City Council Consent Calendar.

13.16 Annual On-Call Services Agreement with Amtek Construction in Support of City of Lake Elsinore Public Works Operations
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.

This item was approved on the City Council Consent Calendar.

13.17 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

1. 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);

2. 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 COUNTY MULTIPLE SPECIES HABITAT CONSERVATION
PLAN (MSHCP);

3. 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
City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 7

4. 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.

This item was approved on the City Council Consent Calendar.

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

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.

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

13. ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR

DISCUSSION

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

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.

Douglas Norfolk was called to speak.

Ace Vallejos was called to speak.

Moved by Council Member Tisdale, Seconded by Council Member Manos to approve staff’s recommendation.

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Carried (5 to 0)
City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 8

14. SUCCESSOR AGENCY CONSENT CALENDAR
Moved by Agency Member Tisdale, Seconded by Agency Member Manos to approve the Successor Agency Consent Calendar.

Yes (5): Agency Members Tisdale, Manos, and Carroll; Vice Chair Sheridan; and Chair Magee
Carried (5 to 0)

14.1 Minutes of the Regular Successor Agency Meeting of December 9, 2025 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

14.2 SA Warrant Report Dated December 01, 2025 to December 07, 2025 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

14.3 SA Warrant Report Dated December 08, 2025 to December 14, 2025 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

14.4 SA Warrant Report Dated December 15, 2025 to December 21, 2025 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

14.5 Investment Report for November 2025
Receive and file the Investment Report for November 2025.

This item was approved on the Successor Agency Consent Calendar.

City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 9

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

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.

This item was approved on the Successor Agency Consent Calendar.

14.7 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

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.

This item was approved on the Successor Agency Consent Calendar.

15. PUBLIC HEARINGS

16. BUSINESS ITEMS

16.1 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

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 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
City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 10

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).

Brian Forbath, Bond Counsel, presented the staff report.

There were no speakers.

Moved by Council Member Manos, Seconded by Council Member Carroll to approve staff’s recommendations.

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Carried (5 to 0)

16.2 Adoption of the Master Plan for the Recreation Department Adopt the City of Lake Elsinore Recreation Department Master Plan and ask the consultant to include a special needs park and lake water quality in the report.

Recreation Director Skinner introduced Nikki Ginger and Elsa Fischer from BerryDunn and Randall Kopff from Kiberly Horn, who presented the staff report.

There were no speakers.

Moved by Mayor Pro Tem Sheridan, Seconded by Council Member Manos to adopt the City of Lake Elsinore Recreation Department Master Plan and ask the consultant to include a special needs park and lake water quality in the report.

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Carried (5 to 0)

17. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
Boyd Graham was called to speak.

18. CITY MANAGER COMMENTS
City Manager Simpson had no comments.

19. CITY ATTORNEY COMMENTS
City Attorney Leibold had no comments.

City Council Minutes - Draft January 13, 2026
City of Lake Elsinore Page 11

20. CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Carroll shared his experience attending Donuts with Santa at Diamond Stadium; thanked residents for their Christmas light displays; and shared photos from the Alberhill Christmas Party.

Council Member Tisdale addressed public comments; shared information and updates from the Western Riverside Council of Governments; advised that the public draft of the City's Climate Action and Adaptation Plan is now available on the City's website for review and feedback; reminded residents to use the Northwest Mosquito and Vector Control District's services; and shared a video highlighting his term as Mayor in 2025.

Council Member Manos recognized Dennell Winston and asked her to introduce herself; and addressed public comments.

Mayor Pro Tem Sheridan noted that he, City Manager Simpson, and Economic Development Director Gonzalez met with the Downtown Merchants Association; reported on his attendance at the Riverside Transit Agency Board of Directors meeting on December 18, 2025; and invited the community to attend a Ruth Atkins Speaker Series event featuring Jim Ninckley at 7:00 p.m. on March 25, 2026 in the Lake Elsinore Cultural Center.

Mayor Magee reported on his attendance at the Western Riverside County Regional Conservation Authority meeting on January 5, 2026; shared his participation in the 2025 Santa Dash; and adjourned the meeting in remembrance of Deputy Darnell Calhoun.

21. ADJOURNMENT
The Lake Elsinore City Council adjourned at 8:11 p.m. to the next Regular meeting of 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.

Candice Alvarez, MMC
City Clerk

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: January 27, 2026
Subject: SA Warrant Report dated January 05, 2026 to January 11, 2026 Recommendation
Receive and file.

Discussion
The Warrant Report lists all general checks issued for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore for the above-mentioned period.

Attachments
Attachment 1 – SA Warrant Summary
Attachment 2 – SA Warrant Listing
JANUARY 05, 2026
TO JANUARY 11, 2026

CITY OF LAKE ELSINORE SA WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 104,731.25 $
540 SARDA DIAMOND STADIUM 17,006.32
GRAND TOTAL 121,737.57 $
Attachment 1 1 OF 1
JANUARY 05, 2026
TO JANUARY 11, 2026

CITY OF LAKE ELSINORE SA WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001233 LAKE ELSINORE STORM, LP 101,626.25 $
APA26001251 SOUTHERN CALIFORNIA EDISON CO. 18.32
10710 AK SECURITY ALARM LLC 4,638.00
10719 COTTER CONSTRUCTION, INC. 2,900.00
10733 KPA SERVICES, LLC 605.00
10741 PROSTAFF, LLC 9,450.00
10761 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,500.00
GRAND TOTAL 121,737.57 $
Attachment 2 1 OF 1

REPORT TO SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE

ELSINORE
To: Honorable Agency Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Shannon Buckley, Assistant Executive Director Date: January 27, 2026
Subject: SA Investment Report for December 2025
Recommendation
Receive and file the Investment Report for October 2023 Discussion
The Investment Report is a listing of all funds invested for the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report.

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

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account $ 5,886,487 $ 19,336 $ (109,432) $ 5,796,391 Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 5,886,487 19,336 (109,432) 5,798,691

INVESTMENTS
Local Agency Investment Funds 47,585,578 - - 47,585,578 CAMP Investments:

CAMP Pool Account 954,568 - - 954,567.99
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 8,434,083 - - 8,434,083.33 Federal Agency Bond / Note - - - -
Corporate Note 13,321,346 - - 13,321,346.02
Certificate of Deposit - - - -
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 6,356,215 - - 6,356,214.95
Sub-total Investments 103,559,647 - - 103,559,647
Market Value Adjustment:

Unrealized Gain/(Loss) at 09/30/2025 1,143,327 - - 1,143,327 Total Investments 104,702,974 - - 104,702,974
Total Pooled Cash and Investments $ 110,589,461 $ 19,336 $ (109,432) $ 110,501,664 TOTAL POOLED CASH AND INVESTMENTS $ 110,501,664
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 January 12, 2026
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 DECEMBER 31, 2025

FUND NO FUND NAME AMOUNT
100 General $ 6,751,434
102 Measure Z 13,749,028
106 Affordable Housing In Lieu 1,555,353
109 Road Maintenance and Rehabilitation (SB1) 2,805,958 110 State Gas Tax 897,783
111 TUMF C.I.P. 140,098
112 Measure A 2,096,759
114 SB1186 CASP Education Program 89,303
115 Traffic Safety 25,262
116 City Hall-Public Works DIF 514,666
117 Community Center DIF 666,712
118 Lake Side Facility DIF 1,001,467
119 Animal Shelter DIF 23,381
121 T.R.I.P.-2014A 2,607
135 Lighting & Landscape Maintenance - Dist. No. 1 2,026,387 140 Geothermal 13,116
160 PEG Grant 1,758
202 La Strada RBBD 26,751
203 E.L.S.P. - S.T.I.F. 3,772,352
205 Traffic Impact Fee 923,377
211 Storm Drain C.I.P. 2,050,576
221 Quimby Park C.I.P. 45,905
231 Library C.I.P. 1,050,548
232 City Fire Protection 1,470,467
300 Insurance Service 1,342,549
305 Information Systems Service 3,165,882
310 Support Service 55,335
315 Fleet Service 830,238
320 Facilities Service 2,954,533
333 CFD 2015-3 Terracina 239,632
335 CFD 2003-2E Canyon Hills Improvement Area E 912
346 CFD 2014-1 Southshore 64,905
350 CFD 98-1 Summerhill 9,238
354 CFD 90-2 Tuscany Hills 536
357 CFD 2003-2 Canyon Hills Improvement Area 6,252
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 4,185 361 CFD 2022-2 Lakeshore Improvement 3,765
364 CFD 2023-2 Coastal Mission Trail Improvement 3,972
366 CFD 2005-6 City Center Townhomes 47,382
368 CFD 2006-2 Viscaya 6,418

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 DECEMBER 31, 2025

FUND NO FUND NAME AMOUNT

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

POOLED CASH AND INVESTMENTS BY FUND
AS OF DECEMBER 31, 2025
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 78,865 371 CFD 2005-1 Serenity 7,284
372 CFD 2005-2 Alberhill Ranch Improvement Area 33,153
379 CFD 2022-1 Alberhill 767
384 CFD 2003-2 Area B Canyon Hills Improvement Area 37,396 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 37,375 388 CFD 2007-6 Holiday Inn Express 22
390 CFD 2003-2 Area C Canyon Hills Improvement Area 5,028 392 CFD 95-1 City Center 1,426
394 CFD 2005-5 (2012A) Wasson Canyon 465
396 CFD 2018-2 Nichols Ranch Improvement Area 41,353
500 Capital Improvement Plan 7,177,567
603 Endowment Trust - Carl Graves 71,396
604 Endowment Trust - Korn Memorial 37,691
605 Public Improvement Trust 3,256,645
606 Mobile Source Air Polution Reduction 266,936
608 Trust Deposit & Pre Paid Expense 1,872,459
617 Successor Agency Housing 42,269,013
620 Cost Recovery System 4,496,507
631 Lake Destratification Equipment Replacement 368,602 655 CFD 2015-1s Law, Fire, Paramedic Services 4,932
Total Pooled Cash & Investments $ 110,501,664

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.92% $ 954,568
U.S. Treasury Bond / Note Unlimited 25.28% $ 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% 8.14% $ 8,434,083 Federal Agency Bond / Note Unlimited 0.00% (1) $ -
Banker's Acceptance 40.00% 0.00% $ -
Corporate Note (Includes Bank Note) 30% 13.37% $ 13,846,871 Commercial Paper 25% 0.00% $ -
Negotiable Certificates of Deposit 30% 0.00% $ -
Asset-Backed Security / Collaterized Mortgage 20% 6.14% $ 6,356,215 Repurchase Agreements Unlimited 0 $ -
Reverse Repurchase Agreements 10.00% 0.00% $ -
LAIF (Local Agency Investment Funds) $150 Million 45.95% (2) $ 47,585,578 Placement Service Deposits (PDS) 30% 0.00% $ -
TOTAL 100.00% $ 103,559,647
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 DECEMBER 31, 2025
Local Agency Investment Fund
December 4.025
November 4.096
October 4.150
September 4.212
August 4.251
July 4.258
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

55.33%
Agencies

25.05%
Certificates of
Deposit/Bank Notes

9.97%
Time
Deposits

3.39%
Commercial
Paper

5.48%
Corporate
Bonds

0.61%
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 01/07/25
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 9/30/25
Chart does not include $936,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
11/30/25
$155.9 billion
Yield Purchase Date Maturity Rate

4.025% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ 50,885,578 $ (3,300,000) $ 47,585,578 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 DECEMBER 31, 2025
CAMP
Investment Portfolio
Account Statement - Transaction Summary For the Month Ending December 31, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
190,569.55
769,291.79
(5,293.35)

0.00 $954,567.99
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 1,473.73
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
56,535,835.25

0.00 (312,627.65)
(40,786.12)
$56,182,421.48
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 464,688.41
December 31, 2025 November 30, 2025
Asset Summary
CAMP Pool 954,567.99 190,569.55
CAMP Managed Account 56,182,421.48 56,535,835.25
Total $57,136,989.47 $56,726,404.80
Asset Allocation

1.67%
CAMP Pool

98.33%
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 December 31, 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
$190,569.55
769,291.79
(5,293.35)
$954,567.99
1,473.73
$56,535,835.25
(312,627.65)

0.00 0.00

0.00 (40,786.12)
$56,182,421.48
$56,726,404.80
$57,136,989.47
454,178.36

0.00 10,510.05
$464,688.41
166,318.47

0.00 452,330.57
148,156.97

0.00 (766,806.01)

0.00 Managed Account Total
55,525,582.84 56,480,150.83
216,153.64

0.00 314,475.44
452,330.57

0.00 (55,806,189.65)
(501,365.82)

0.00 216,153.64
5,293.35
314,475.44
452,330.57
(769,291.79)
(55,996,759.20)
(501,365.82)
1,473.73
Total Accrual Basis Earnings $200,987.02 $202,460.75
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 December 31, 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 26,787,186.30 46.88 Municipal Bond / Note 200,000.00 202,879.80 0.36
Federal Agency Commercial
Mortgage-Backed Security
8,561,318.43 8,666,035.73 15.17
Corporate Note 13,481,000.00 13,583,020.40 23.77
Bank Note 525,000.00 532,320.60 0.93
Asset-Backed Security 6,353,330.84 6,410,978.65 11.22
Managed Account Sub-Total 56,395,649.27 56,182,421.48 98.33% Accrued Interest 216,153.64
Total Portfolio 56,395,649.27 56,398,575.12
CAMP Pool 954,567.99 954,567.99 1.67
Total Investments 57,350,217.26 57,353,143.11 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

11.22%
ABS

0.93%
Bank Note

23.27%
Corporate Note

15.17%
Federal Agency
Commercial
Mortgage-Backed
Security

1.67%
Joint Powers
Authority

0.36%
Muni Bond / Note

0.51%
Priv Placement
Bond

46.87%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years

2.20% 2.02%

9.31%

31.99%

42.79%

11.69%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1072

4.25%

3.70%
PFM Asset Management, a division of Page 3
U.S. Bancorp Asset Management, Inc.

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

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

4.46%
A

6.92%
A+

4.23%
A1.83%
AA

63.39%
AA+

4.26%
AA9.40%
AAA

1.67%
AAAm

0.71%
BBB+

3.13%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 384,562.50 0.67
Air Products and Chemicals Inc 345,968.02 0.61
Amazon.com Inc 575,626.75 1.01
American Express Co 1,404,751.54 2.45
Analog Devices Inc 405,426.80 0.71
Apple Inc 765,493.08 1.34
BA Credit Card Trust 605,441.10 1.06
Bank of America Corp 688,489.68 1.20
Bank of New York Mellon Corp 466,200.62 0.82
Bayerische Motoren Werke AG 172,213.83 0.30
Berkshire Hathaway Inc 467,517.80 0.82
BlackRock Inc 792,222.05 1.39
Bristol-Myers Squibb Co 211,415.04 0.37
CAMP Pool 954,567.99 1.67
Capital One Financial Corp 490,939.33 0.86
CarMax Inc 17,669.57 0.03
Caterpillar Inc 220,529.25 0.39
Charles Schwab Corp 298,010.10 0.52
Cisco Systems Inc 431,093.04 0.75
Citigroup Inc 1,342,891.35 2.34
Deere & Co 385,098.00 0.67
Discover Card Execution Note Trust 672,094.34 1.18
Federal Home Loan Mortgage Corp 8,137,760.11 14.23
Federal National Mortgage Association 528,275.62 0.92
Fifth Third Auto Trust 210,469.90 0.37
Ford Credit Auto Owner Trust 50,399.56 0.09
GM Financial Consumer Automobile Receiv 130,154.32 0.23 Harley-Davidson Inc 50,702.20 0.09
Home Depot Inc 384,466.50 0.67
Honda Auto Receivables Owner Trust 346,229.98 0.61
Honda Motor Co Ltd 404,038.80 0.71
JPMorgan Chase & Co 408,811.46 0.72
PFM Asset Management, a division of Page 4
U.S. Bancorp Asset Management, Inc.

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

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
Lockheed Martin Corp 60,733.92 0.11
Mars Inc 117,525.74 0.21
Mercedes-Benz Auto Receivables Trust 557,960.15 0.98
Microsoft Corp 747,097.50 1.31
Morgan Stanley 532,320.60 0.93
National Australia Bank Ltd 501,125.50 0.88
National Rural Utilities Cooperative Fi 346,556.70 0.61 Nissan Auto Receivables Owner Trust 29,133.13 0.05
Northern Trust Corp 575,622.73 1.01
Novartis AG 509,456.34 0.89
PACCAR Inc 407,387.60 0.71
Porsche Innovative Lease Owner 101,137.00 0.18
Shell PLC 574,924.68 1.01
State of California 202,879.80 0.36
State Street Corp 205,906.20 0.36
Target Corp 39,280.72 0.07
Texas Instruments Inc 86,330.34 0.15
Toyota Auto Receivables Owner Trust 84,087.29 0.15
Toyota Motor Corp 380,836.12 0.67
United States Treasury 26,787,186.30 46.87
UnitedHealth Group Inc 222,788.48 0.39
Verizon Master Trust 418,298.42 0.73
Wells Fargo & Co 407,445.60 0.71
WF Card Issuance Trust 491,438.38 0.86
Total $57,136,989.47 100.00%
PFM Asset Management, a division of Page 5
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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
U.S. Treasury Bond / Note

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 3.72 194.75 73,963.07 74,009.03

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 7.77 207,967.98 212,950.12

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 44.03 1,204,228.32 1,206,717.37

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 44.89 1,217,124.22 1,230,378.50

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 82.87 2,271,086.12 2,271,468.00

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 93.23 2,501,478.07 2,555,401.50

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 4.14 124.31 1,186,771.93 1,206,796.80

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 4.36 142.44 1,351,675.18 1,382,788.00

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 4.33 152.80 1,451,250.42 1,483,354.40

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 4.10 269.34 2,574,239.36 2,614,726.40

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 53.87 590,325.85 593,156.40

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 80.80 881,946.02 889,734.60

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 80.80 878,767.24 889,734.60

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 83.05 904,438.27 914,449.45 PFM Asset Management, a division of Page 6
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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
U.S. Treasury Bond / Note

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 3.65 134.67 1,480,225.10 1,482,891.00

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 4.06 237.91 2,580,156.97 2,619,774.10

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 3.67 350.14 3,846,243.27 3,855,516.60

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 5,335.60 306,598.55 306,668.10

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 17,340.69 996,115.00 996,671.33 Security Type Sub-Total 27,275,000.00 26,182,331.08 3.94 24,853.96 26,504,600.94 26,787,186.30 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 3,230.67 200,000.00 202,879.80 Security Type Sub-Total 200,000.00 200,000.00 4.85 3,230.67 200,000.00 202,879.80 Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 85,158.51 AA+ Aa1 04/11/23 04/14/23 81,632.41 4.32 194.80 85,073.96 84,937.61 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 1,215.96 545,532.17 545,289.25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 362,046.14 AA+ Aa1 05/19/23 05/24/23 350,901.91 4.29 1,009.81 359,182.75 360,027.37 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 1,477.67 539,320.96 546,198.40 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 1,486.38 542,179.41 545,939.35 PFM Asset Management, a division of Page 7
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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 378,307.77 AA+ Aa1 12/06/23 12/14/23 378,304.74 4.86 1,531.52 378,306.91 384,835.09 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 430,091.04 AA+ Aa1 07/19/23 07/27/23 430,080.32 4.78 1,712.12 430,085.62 433,864.66 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 2,208.71 552,766.82 561,089.65 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 525,000.66 AA+ Aa1 07/18/23 07/31/23 516,100.26 4.58 1,829.19 520,416.51 528,275.62 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 1,975.00 493,646.47 510,396.50 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 3,100.00 793,281.25 813,404.00 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 1,515.63 367,804.70 384,261.00 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 2,000.00 496,480.24 510,527.00 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 5.14 760.35 179,685.94 185,075.10 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 1,113.75 274,520.21 281,572.50 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 1,104.90 291,849.29 294,919.27 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 1,730.67 441,996.36 449,962.48 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 535,714.31 AA+ Aa1 06/05/24 06/13/24 535,712.70 4.80 2,144.20 535,714.31 548,810.92 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 1,873.99 498,442.71 503,744.67 PFM Asset Management, a division of Page 8
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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 K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 190,000.00 AA+ Aa1 04/15/25 04/24/25 189,993.35 4.41 698.25 189,994.33 192,905.29 Security Type Sub-Total 8,561,318.43 8,434,083.33 4.73 30,682.90 8,516,280.92 8,666,035.73 Corporate Note

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 1.19 330.63 224,970.79 222,788.48

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 1.26 844.62 174,993.54 172,213.83

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 1,838.13 224,767.69 220,529.25

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 1.99 359.67 39,985.80 39,280.72

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 4,192.53 474,774.20 466,200.62

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 9,968.75 742,078.12 747,097.50

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 2,486.25 293,510.68 295,655.70

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 3,216.81 472,849.07 467,517.80

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 2,475.00 295,413.29 298,010.10

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 1,193.19 496,174.79 501,125.50

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 6,804.93 762,576.00 765,493.08

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 8,141.93 375,529.07 380,836.12 PFM Asset Management, a division of Page 9
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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
Corporate Note

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 4,760.00 341,185.93 346,556.70

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 1,477.11 85,894.37 86,330.34

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
110122DE5 211,000.00 A A2 03/09/23 03/13/23 201,583.07 4.93 2,994.44 206,924.81 211,415.04

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 4.49 341.17 59,948.47 60,733.92

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 8,610.94 376,462.13 385,098.00

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 11,122.42 747,821.39 786,504.75

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 6,212.56 339,707.44 345,968.02

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 7,072.92 419,904.12 431,093.04

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 4.74 698.47 49,939.77 51,111.10

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 10,127.85 725,238.80 741,110.95

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 1,972.00 169,847.99 174,335.00

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 2,378.00 204,792.88 210,227.50

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 1,032.66 110,069.07 112,047.54

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 2,722.46 290,000.00 295,398.06 PFM Asset Management, a division of Page 10
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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
Corporate Note

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 4,006.60 600,000.00 607,959.60

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 98.96 124,418.09 128,155.50

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 4.88 197.92 249,009.94 256,311.00

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 5,671.11 399,637.25 404,038.80

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 1,840.00 114,893.96 117,525.74

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 1,799.32 200,000.00 205,906.20

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 2,679.44 399,453.34 407,387.60

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 4.52 800.00 399,683.63 405,426.80

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 3,252.67 508,515.26 509,456.34

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 4.21 787.76 124,533.72 124,983.63

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 2,835.94 449,160.75 449,941.05

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 4.16 556.79 114,945.13 115,124.55

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 2,227.17 459,456.54 460,498.18 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 2,684.93 574,397.54 575,626.75 PFM Asset Management, a division of Page 11
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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 13,481,000.00 13,321,346.02 4.30 132,814.05 13,423,465.36 13,583,020.40 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 12,099.15 525,280.10 532,320.60 Security Type Sub-Total 525,000.00 525,525.00 4.94 12,099.15 525,280.10 532,320.60 Asset-Backed Security
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 17,670.14 AAA NR 07/12/22 07/20/22 17,669.72 3.97 31.18 17,670.02 17,669.57 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 29,102.54 AAA Aaa 09/20/22 09/28/22 29,096.52 4.46 57.69 29,100.75 29,133.13 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 39,416.71 AAA NR 10/04/22 10/12/22 39,410.25 4.82 79.16 39,414.55 39,472.21 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 83,894.50 AAA NR 01/24/23 01/30/23 83,894.46 4.63 172.64 83,894.48 84,087.29 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 50,550.00 NR Aaa 02/13/23 02/23/23 50,544.91 5.05 113.46 50,547.93 50,702.20 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 50,268.56 AAA NR 03/28/23 03/31/23 50,263.32 4.65 103.89 50,266.28 50,399.56 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 168,450.33 AAA NR 08/15/23 08/22/23 168,415.59 5.42 329.09 168,433.84 169,630.32 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 4.31 612.98 319,991.69 320,325.44 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 4.79 361.91 169,981.42 170,566.95 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 4.87 411.24 189,991.87 190,695.02 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 4.42 962.58 489,946.42 490,939.33 PFM Asset Management, a division of Page 12
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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 4.93 766.89 349,976.61 351,768.90 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 60,238.81 NR Aaa 11/01/23 11/08/23 60,228.21 5.67 94.88 60,232.85 60,896.20 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 208,739.25 AAA Aaa 08/15/23 08/23/23 208,726.30 5.53 513.03 208,732.43 210,469.90 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 5.17 928.80 404,935.70 408,811.46 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 5.23 953.02 409,989.68 414,043.83 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 99,991.34 101,137.00 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 4.98 398.40 179,985.58 181,868.40 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 1,150.60 494,898.53 504,356.99 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 4.15 212.11 114,989.13 115,703.46 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 79,995.43 80,530.08 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 1,168.44 553,155.89 557,960.15 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 4.51 571.89 414,985.67 418,298.42 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 89,988.38 90,682.11 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 4.31 478.89 250,000.00 253,005.75 PFM Asset Management, a division of Page 13
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending December 31, 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 4.34 935.51 484,994.21 491,438.38 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 4.31 656.94 549,864.84 556,386.60 Security Type Sub-Total 6,353,330.84 6,356,214.95 4.73 12,472.91 6,355,955.52 6,410,978.65 Managed Account Sub-Total 56,395,649.27 55,019,500.38 4.25 216,153.64 55,525,582.84 56,182,421.48 Joint Powers Authority
CAMP Pool 954,567.99 AAAm NR 954,567.99 0.00 954,567.99 954,567.99 Liquid Sub-Total 954,567.99 954,567.99 0.00 954,567.99 954,567.99 $57,350,217.26 $55,974,068.37 4.25% $216,153.64 $56,480,150.83 $57,136,989.47 $57,353,143.11
$216,153.64
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 December 31, 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 98.68 74,009.03 3,567.62 45.96 DTD 11/15/2016 2.000% 11/15/2026

0.86 3.68
US TREASURY N/B 91282CCH2 225,000.00 BMO 94.64 212,950.12 14,308.52 4,982.14 DTD 06/30/2021 1.250% 06/30/2028

2.42 3.48
US TREASURY N/B 91282CCH2 1,275,000.00 MorganSt 94.64 1,206,717.37 37,353.11 2,489.05 DTD 06/30/2021 1.250% 06/30/2028

2.42 3.48
US TREASURY N/B 91282CCH2 1,300,000.00 BMO 94.64 1,230,378.50 56,417.56 13,254.28 DTD 06/30/2021 1.250% 06/30/2028

2.42 3.48
US TREASURY N/B 91282CCH2 2,400,000.00 BMO 94.64 2,271,468.00 59,999.25 381.88 DTD 06/30/2021 1.250% 06/30/2028

2.42 3.48
US TREASURY N/B 91282CCH2 2,700,000.00 BMO 94.64 2,555,401.50 167,061.65 53,923.43 DTD 06/30/2021 1.250% 06/30/2028

2.42 3.48
US TREASURY N/B 91282CJR3 1,200,000.00 Citigrou 100.57 1,206,796.80 24,703.05 20,024.87 DTD 01/02/2024 3.750% 12/31/2028

2.81 3.51
US TREASURY N/B 91282CJR3 1,375,000.00 MorganSt 100.57 1,382,788.00 38,134.68 31,112.82 DTD 01/02/2024 3.750% 12/31/2028

2.81 3.51
US TREASURY N/B 91282CJR3 1,475,000.00 JPMorgan 100.57 1,483,354.40 38,661.04 32,103.98 DTD 01/02/2024 3.750% 12/31/2028

2.81 3.51
US TREASURY N/B 91282CJR3 2,600,000.00 MorganSt 100.57 2,614,726.40 48,952.96 40,487.04 DTD 01/02/2024 3.750% 12/31/2028

2.81 3.51
US TREASURY N/B 91282CEV9 600,000.00 Citigrou 98.86 593,156.40 4,101.71 2,830.55 DTD 06/30/2022 3.250% 06/30/2029

3.27 3.56
US TREASURY N/B 91282CEV9 900,000.00 BMO 98.86 889,734.60 11,320.54 7,788.58 DTD 06/30/2022 3.250% 06/30/2029

3.27 3.56
US TREASURY N/B 91282CEV9 900,000.00 BMO 98.86 889,734.60 14,168.19 10,967.36 DTD 06/30/2022 3.250% 06/30/2029

3.27 3.56
US TREASURY N/B 91282CEV9 925,000.00 Citigrou 98.86 914,449.45 12,213.12 10,011.18 DTD 06/30/2022 3.250% 06/30/2029

3.27 3.56
US TREASURY N/B 91282CEV9 1,500,000.00 Citigrou 98.86 1,482,891.00 6,094.12 2,665.90 DTD 06/30/2022 3.250% 06/30/2029

3.27 3.56
US TREASURY N/B 91282CEV9 2,650,000.00 MorganSt 98.86 2,619,774.10 54,656.91 39,617.13 DTD 06/30/2022 3.250% 06/30/2029

3.27 3.56
US TREASURY N/B 91282CEV9 3,900,000.00 RBC Capi 98.86 3,855,516.60 13,864.26 9,273.33 DTD 06/30/2022 3.250% 06/30/2029

3.27 3.56
PFM Asset Management, a division of Page 15
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 102.22 306,668.10 (152.21) 69.55 DTD 01/31/2025 4.250% 01/31/2030

3.67 3.61
US TREASURY N/B 91282CMG3 975,000.00 HSBC 102.22 996,671.33 (570.86) 556.33 DTD 01/31/2025 4.250% 01/31/2030

3.67 3.61
Security Type Sub-Total 27,275,000.00 26,787,186.30 604,855.22 282,585.36 2.93 3.53 Municipal Bond / Note
CA ST 13063D3N6 200,000.00 WellsFar 101.44 202,879.80 2,879.80 2,879.80 DTD 03/15/2023 4.846% 03/01/2027

1.11 3.56
Security Type Sub-Total 200,000.00 202,879.80 2,879.80 2,879.80 1.11 3.56 Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2 3137BNGT5 85,158.51 RobertBa 99.74 84,937.61 3,305.20 (136.35) DTD 04/01/2016 2.745% 01/01/2026

0.07 3.62
FHMS K058 A2 3137BSP72 550,000.00 BREAN 99.14 545,289.25 18,449.41 (242.92) DTD 11/01/2016 2.653% 08/01/2026

0.60 3.78
FHMS K061 A2 3137BTUM1 362,046.14 Citigrou 99.44 360,027.37 9,125.46 844.62 DTD 01/01/2017 3.347% 11/01/2026

0.81 3.76
FHMS K064 A2 3137BXQY1 550,000.00 MorganSt 99.31 546,198.40 27,393.71 6,877.44 DTD 05/01/2017 3.224% 03/01/2027

1.03 3.68
FHMS K065 A2 3137F1G44 550,000.00 Citigrou 99.26 545,939.35 18,906.15 3,759.94 DTD 07/01/2017 3.243% 04/01/2027

1.19 3.68
FHMS KJ48 A1 3137HBC69 378,307.77 JPMorgan 101.73 384,835.09 6,530.35 6,528.18 DTD 12/01/2023 4.858% 05/01/2028

1.97 3.83
FHMS KJ46 A1 3137HAD45 430,091.04 JPMorgan 100.88 433,864.66 3,784.34 3,779.04 DTD 07/01/2023 4.777% 06/01/2028

1.41 3.94
FHMS K505 A2 3137HACX2 550,000.00 JPMorgan 102.02 561,089.65 5,596.25 8,322.83 DTD 07/01/2023 4.819% 06/01/2028

2.21 3.77
FNA 2023-M6 A2 3136BQDE6 525,000.66 JPMorgan 100.62 528,275.62 12,175.36 7,859.11 DTD 07/01/2023 4.181% 07/01/2028

2.34 3.79
FHMS K508 A2 3137HAQ74 500,000.00 BMO 102.08 510,396.50 21,364.50 16,750.03 DTD 10/01/2023 4.740% 08/01/2028

2.39 3.79
PFM Asset Management, a division of Page 16
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 101.68 813,404.00 25,238.40 20,122.75 DTD 09/01/2023 4.650% 08/01/2028

2.36 3.81
FHMS K509 A2 3137HAST4 375,000.00 MorganSt 102.47 384,261.00 21,217.12 16,456.30 DTD 10/01/2023 4.850% 09/01/2028

2.47 3.73
FHMS K507 A2 3137HAMS2 500,000.00 BOFAML 102.11 510,527.00 16,503.50 14,046.76 DTD 09/01/2023 4.800% 09/01/2028

2.42 3.81
FHMS K510 A2 3137HB3D4 180,000.00 JPMorgan 102.82 185,075.10 5,595.48 5,389.16 DTD 11/01/2023 5.069% 10/01/2028

2.50 3.82
FHMS K511 A2 3137HB3G7 275,000.00 BOFAML 102.39 281,572.50 7,362.57 7,052.29 DTD 12/01/2023 4.860% 10/01/2028

2.53 3.80
FHMS K514 A2 3137HBLV4 290,000.00 JPMorgan 101.70 294,919.27 2,019.56 3,069.98 DTD 02/01/2024 4.572% 12/01/2028

2.62 3.81
FHMS K524 A2 3137HDV56 440,000.00 PIER 102.26 449,962.48 7,260.44 7,966.12 DTD 07/01/2024 4.720% 05/01/2029

3.06 3.88
FHMS K522 A2 3137HDJJ0 535,714.31 MorganSt 102.44 548,810.92 13,098.22 13,096.61 DTD 06/01/2024 4.803% 05/01/2029

2.93 3.87
FHMS K526 A2 3137HDXL9 495,000.00 BMO 101.77 503,744.67 4,114.44 5,301.96 DTD 08/01/2024 4.543% 07/01/2029

3.21 3.89
FHMS K539 A2 3137HKXJ8 190,000.00 JPMorgan 101.53 192,905.29 2,911.94 2,910.96 DTD 04/01/2025 4.410% 01/01/2030

3.64 3.95
Security Type Sub-Total 8,561,318.43 8,666,035.73 231,952.40 149,754.81 2.11 3.80 Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 Citigrou 04/15/26 99.02 222,788.48 (1,820.02) (2,182.31) DTD 05/19/2021 1.150% 05/15/2026

0.36 3.87
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 SUMITR 07/12/26 98.41 172,213.83 (2,733.67) (2,779.71) DTD 08/12/2021 1.250% 08/12/2026

0.60 3.92
CATERPILLAR FINL SERVICE 14913R2U0 225,000.00 JPMorgan 98.01 220,529.25 (3,334.50) (4,238.44) DTD 01/10/2022 1.700% 01/08/2027

0.99 3.65
TARGET CORP (CALLABLE) 87612EBM7 40,000.00 Citigrou 12/15/26 98.20 39,280.72 (651.28) (705.08) DTD 01/24/2022 1.950% 01/15/2027

1.00 3.71
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 Deutsche 12/24/26 98.15 466,200.62 (7,744.88) (8,573.58) DTD 01/26/2022 2.050% 01/26/2027

1.03 3.82
PFM Asset Management, a division of Page 17
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 99.61 747,097.50 25,155.00 5,019.38 DTD 02/06/2017 3.300% 02/06/2027

0.97 3.64
AMERICAN EXPRESS CO (CALLABLE) 025816CS6 300,000.00 RBS 02/01/27 98.55 295,655.70 18,452.70 2,145.02 DTD 03/04/2022 2.550% 03/04/2027

1.12 3.80
BERKSHIRE HATHAWAY FIN (CALLABLE) 084664CZ2 475,000.00 SEEL 02/15/27 98.42 467,517.80 1,428.80 (5,331.27) DTD 03/15/2022 2.300% 03/15/2027

1.16 3.63
CHARLES SCHWAB CORP (CALLABLE) 808513BW4 300,000.00 Barclays 01/01/27 99.34 298,010.10 13,085.10 2,596.81 DTD 09/24/2021 3.300% 04/01/2027

1.13 3.82
NATIONAL AUSTRALIA BK/NY 63254ABE7 500,000.00 CAS 100.23 501,125.50 12,800.50 4,950.71 DTD 06/09/2022 3.905% 06/09/2027

1.38 3.70
APPLE INC (CALLABLE) 037833DB3 775,000.00 TD Secur 06/12/27 98.77 765,493.08 24,430.33 2,917.08 DTD 09/12/2017 2.900% 09/12/2027

1.57 3.63
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WellsFar 101.56 380,836.12 4,553.62 5,307.05 DTD 01/12/2023 4.625% 01/12/2028

1.88 3.79
NATIONAL RURAL UTIL COOP (CALLABLE) 637432NP6 350,000.00 MorganSt 11/07/27 99.02 346,556.70 17,367.70 5,370.77 DTD 02/07/2018 3.400% 02/07/2028

1.91 3.85
TEXAS INSTRUMENTS INC (CALLABLE) 882508BV5 85,000.00 JPMorgan 01/15/28 101.57 86,330.34 (713.06) 435.97 DTD 11/18/2022 4.600% 02/15/2028

1.93 3.77
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122DE5 211,000.00 MAXE 11/20/27 100.20 211,415.04 9,831.97 4,490.23 DTD 07/15/2020 3.900% 02/20/2028

1.89 3.78
LOCKHEED MARTIN CORP (CALLABLE) 539830BZ1 60,000.00 Barclays 04/15/28 101.22 60,733.92 841.92 785.45 DTD 05/25/2023 4.450% 05/15/2028

2.18 3.87
JOHN DEERE CAPITAL CORP 24422EXB0 375,000.00 Citigrou 102.69 385,098.00 7,233.00 8,635.87 DTD 07/14/2023 4.950% 07/14/2028

2.32 3.79
CITIBANK NA (CALLABLE) 17325FBB3 750,000.00 Barclays 08/29/28 104.87 786,504.75 40,224.75 38,683.36 DTD 09/29/2023 5.803% 09/29/2028

2.44 3.88
AIR PRODUCTS & CHEMICALS (CALLABLE) 009158BH8 340,000.00 Barclays 01/08/29 101.76 345,968.02 6,420.22 6,260.58 DTD 02/08/2024 4.600% 02/08/2029

2.79 3.95
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 420,000.00 Citigrou 01/26/29 102.64 431,093.04 11,240.04 11,188.92 DTD 02/26/2024 4.850% 02/26/2029

2.82 3.91
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 50,000.00 Citigrou 02/14/29 102.22 51,111.10 1,201.60 1,171.33 DTD 03/14/2024 4.700% 03/14/2029

2.87 3.91
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 725,000.00 BOFAML 02/14/29 102.22 741,110.95 15,755.70 15,872.15 DTD 03/14/2024 4.700% 03/14/2029

2.87 3.91
PFM Asset Management, a division of Page 18
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 03/04/29 102.55 174,335.00 4,559.40 4,487.01 DTD 04/04/2024 4.800% 04/04/2029

2.92 3.91
ADOBE INC (CALLABLE) 00724PAF6 205,000.00 BOFAML 03/04/29 102.55 210,227.50 5,532.95 5,434.62 DTD 04/04/2024 4.800% 04/04/2029

2.92 3.91
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 110,000.00 SEEL 04/23/28 101.86 112,047.54 1,959.54 1,978.47 DTD 04/23/2025 4.970% 04/23/2029

2.15 4.40
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 290,000.00 WellsFar 04/23/28 101.86 295,398.06 5,398.06 5,398.06 DTD 04/23/2025 4.970% 04/23/2029

2.15 4.40
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 600,000.00 BOFAML 05/09/28 101.33 607,959.60 7,959.60 7,959.60 DTD 05/09/2025 4.623% 05/09/2029

2.20 4.25
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MorganSt 05/25/29 102.52 128,155.50 3,961.75 3,737.41 DTD 06/25/2024 4.750% 06/25/2029

3.14 3.92
HOME DEPOT INC (CALLABLE) 437076DC3 250,000.00 PNCBank 05/25/29 102.52 256,311.00 7,683.50 7,301.06 DTD 06/25/2024 4.750% 06/25/2029

3.14 3.92
AMERICAN HONDA FINANCE 02665WFQ9 400,000.00 Deutsche 101.01 404,038.80 4,518.80 4,401.55 DTD 09/05/2024 4.400% 09/05/2029

3.33 4.04
MARS INC (CALLABLE) 571676AY1 115,000.00 BOFAML 02/01/30 102.20 117,525.74 2,649.94 2,631.78 DTD 03/12/2025 4.800% 03/01/2030

3.66 4.17
STATE STREET CORP (CALLABLE) 857477DB6 200,000.00 MorganSt 03/24/30 102.95 205,906.20 5,906.20 5,906.20 DTD 04/24/2025 4.834% 04/24/2030

3.81 4.03
PACCAR FINANCIAL CORP 69371RT71 400,000.00 TD Secur 101.85 407,387.60 8,007.60 7,934.26 DTD 05/08/2025 4.550% 05/08/2030

3.90 4.03
ANALOG DEVICES INC (CALLABLE) 032654BE4 400,000.00 BOFAML 05/15/30 101.36 405,426.80 5,778.80 5,743.17 DTD 06/16/2025 4.500% 06/15/2030

3.97 4.11
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 510,000.00 JPMorgan 10/05/30 99.89 509,456.34 986.34 941.08 DTD 11/05/2025 4.100% 11/05/2030

4.31 4.07
SHELL FINANCE US INC (CALLABLE) 822905AN5 125,000.00 MorganSt 10/06/30 99.99 124,983.63 463.63 449.91 DTD 11/06/2025 4.125% 11/06/2030

4.31 4.05
SHELL FINANCE US INC (CALLABLE) 822905AN5 450,000.00 RBC Capi 10/06/30 99.99 449,941.05 805.05 780.30 DTD 11/06/2025 4.125% 11/06/2030

4.31 4.05
NORTHERN TRUST CORP 665859AY0 115,000.00 BOFAML 100.11 115,124.55 180.90 179.42 DTD 11/19/2025 4.150% 11/19/2030

4.37 4.08
NORTHERN TRUST CORP 665859AY0 460,000.00 CIDLY 100.11 460,498.18 1,054.78 1,041.64 DTD 11/19/2025 4.150% 11/19/2030

4.37 4.08
PFM Asset Management, a division of Page 19
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 10/20/30 100.11 575,626.75 1,242.00 1,229.21 DTD 11/20/2025 4.100% 11/20/2030

4.35 4.03
Security Type Sub-Total 13,481,000.00 13,583,020.40 261,674.38 159,555.04 2.51 3.91 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8E3 525,000.00 Citigrou 07/14/27 101.39 532,320.60 6,795.60 7,040.50 DTD 07/19/2024 4.968% 07/14/2028

1.44 4.27
Security Type Sub-Total 525,000.00 532,320.60 6,795.60 7,040.50 1.44 4.27 Asset-Backed Security
CARMX 2022-3 A3 14318MAD1 17,670.14 RBC Capi 100.00 17,669.57 (0.15) (0.45) DTD 07/20/2022 3.970% 04/15/2027

0.10 3.78
NAROT 2022-B A3 65480JAC4 29,102.54 WellsFar 100.11 29,133.13 36.61 32.38 DTD 09/28/2022 4.460% 05/17/2027

0.22 3.88
GMCAR 2022-4 A3 36265QAD8 39,416.71 RBC Capi 100.14 39,472.21 61.96 57.66 DTD 10/12/2022 4.820% 08/16/2027

0.15 3.74
TAOT 2023-A A3 891940AC2 83,894.50 BOFAML 100.23 84,087.29 192.83 192.81 DTD 01/30/2023 4.630% 09/15/2027

0.34 3.90
HDMOT 2023-A A3 41285JAD0 50,550.00 JPMorgan 100.30 50,702.20 157.29 154.27 DTD 02/23/2023 5.050% 12/15/2027

0.30 3.99
FORDO 2023-A A3 344928AD8 50,268.56 BNPPSA 100.26 50,399.56 136.24 133.28 DTD 03/31/2023 4.650% 02/15/2028

0.42 3.99
HAROT 2023-3 A3 43815QAC1 168,450.33 BOFAML 100.70 169,630.32 1,214.73 1,196.48 DTD 08/22/2023 5.410% 02/18/2028

0.52 4.06
DCENT 2023-A1 A 254683CY9 320,000.00 RBC Capi 100.10 320,325.44 344.00 333.75 DTD 04/11/2023 4.310% 03/15/2028

0.20 3.70
BACCT 2023-A1 A1 05522RDG0 170,000.00 BOFAML 100.33 170,566.95 605.44 585.53 DTD 06/16/2023 4.790% 05/15/2028

0.36 3.83
AMXCA 2023-1 A 02582JJZ4 190,000.00 RBC Capi 100.37 190,695.02 711.87 703.15 DTD 06/14/2023 4.870% 05/15/2028

0.36 3.82
COMET 2023-A1 A 14041NGD7 490,000.00 RBC Capi 100.19 490,939.33 1,051.69 992.91 DTD 05/24/2023 4.420% 05/15/2028

0.36 3.85
PFM Asset Management, a division of Page 20
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 100.51 351,768.90 1,816.18 1,792.29 DTD 06/28/2023 4.930% 06/15/2028

0.44 3.77
HAROT 2023-4 A3 438123AC5 60,238.81 JPMorgan 101.09 60,896.20 667.99 663.35 DTD 11/08/2023 5.670% 06/21/2028

0.70 4.12
FITAT 2023-1 A3 31680EAD3 208,739.25 JPMorgan 100.83 210,469.90 1,743.60 1,737.47 DTD 08/23/2023 5.530% 08/15/2028

0.60 4.17
CHAIT 2023-A1 A 161571HT4 405,000.00 JPMorgan 100.94 408,811.46 3,923.73 3,875.76 DTD 09/15/2023 5.160% 09/15/2028

0.69 3.79
AMXCA 2023-3 A 02582JKD1 410,000.00 Citigrou 100.99 414,043.83 4,062.16 4,054.15 DTD 09/19/2023 5.230% 09/15/2028

0.69 3.80
PILOT 2025-1A A3 73329KAD8 100,000.00 Barclays 101.14 101,137.00 1,147.71 1,145.66 DTD 05/21/2025 4.610% 10/20/2028

1.63 3.93
BACCT 2023-A2 A2 05522RDH8 180,000.00 BOFAML 101.04 181,868.40 1,892.57 1,882.82 DTD 12/14/2023 4.980% 11/15/2028

0.84 3.76
AMXCA 2024-1 A 02582JKH2 495,000.00 Barclays 101.89 504,356.99 9,458.46 9,458.46 DTD 04/23/2024 5.230% 04/16/2029

1.22 3.72
HAROT 2025-2 A3 437921AD1 115,000.00 JPMorgan 100.61 115,703.46 716.31 714.33 DTD 05/08/2025 4.150% 10/15/2029

1.66 3.79
BAAT 2025-1A A3 05594BAD8 80,000.00 BOFAML 100.66 80,530.08 535.60 534.65 DTD 05/12/2025 4.350% 11/20/2029

1.38 3.88
MBART 2025-1 A3 58773DAD6 550,000.00 WellsFar 101.45 557,960.15 4,286.32 4,804.26 DTD 01/23/2025 4.780% 12/17/2029

1.31 3.69
VZMT 2025-3 A1A 92348KDY6 415,000.00 BOFAML 100.79 418,298.42 3,316.26 3,312.75 DTD 03/31/2025 4.510% 03/20/2030

1.69 4.11
GMCAR 2025-2 A3 362549AD9 90,000.00 TD Secur 100.76 90,682.11 695.36 693.73 DTD 05/14/2025 4.280% 04/16/2030

1.44 3.76
BACCT 2025-A1 A 05522RDK1 250,000.00 BOFAML 101.20 253,005.75 3,006.70 3,005.75 DTD 06/12/2025 4.310% 05/15/2030

2.21 3.77
WFCIT 2025-A1 A 92970QAJ4 485,000.00 WellsFar 101.33 491,438.38 6,446.43 6,444.17 DTD 06/10/2025 4.340% 05/15/2030

2.21 3.74
CCCIT 2025-A1 A 17305EHA6 550,000.00 Citigrou 101.16 556,386.60 6,535.81 6,521.76 DTD 06/26/2025 4.300% 06/21/2030

2.33 3.76
Security Type Sub-Total 6,353,330.84 6,410,978.65 54,763.70 55,023.13 1.12 3.82 PFM Asset Management, a division of Page 21
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending December 31, 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 56,395,649.27 56,182,421.48 1,162,921.10 656,838.64 2.48 3.70 Joint Powers Authority
CAMP Pool 954,567.99 1.00 954,567.99 0.00 0.00 0.00
Liquid Sub-Total 954,567.99 954,567.99 0.00 0.00 0.00
Total Investments $57,353,143.11
$216,153.64
$57,136,989.47
Accrued Interest
Securities Sub-Total $57,350,217.26 $1,162,921.10 $656,838.64 2.48 3.70% PFM Asset Management, a division of Page 22
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending December 31, 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
CALL
12/04/25 BRISTOL-MYERS SQUIBB CO
(CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
12/04/25 110122DE5 164,000.00 164,470.68 1,847.79 166,318.47 7,790.00 3,749.34 Transaction Type Sub-Total 164,000.00 164,470.68 1,847.79 166,318.47 7,790.00 3,749.34

INTEREST
12/25/25 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
12/01/25 3137HAQ74 0.00 1,975.00 1,975.00
12/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
12/01/25 3137BTUM1 0.00 1,012.06 1,012.06
12/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
12/01/25 3137BNGT5 0.00 343.14 343.14
12/25/25 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
12/01/25 3137HAMS2 0.00 2,000.00 2,000.00
12/25/25 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
12/01/25 3137F1G44 0.00 1,486.38 1,486.38
12/25/25 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
12/01/25 3137HB3G7 0.00 1,113.75 1,113.75
12/25/25 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
12/01/25 3137HDXL9 0.00 1,873.99 1,873.99
12/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
12/01/25 3136BQDE6 0.00 1,829.60 1,829.60
12/25/25 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
12/01/25 3137BXQY1 0.00 1,477.67 1,477.67
12/25/25 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
12/01/25 3137BSP72 0.00 1,215.96 1,215.96
12/25/25 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
12/01/25 3137HB3D4 0.00 760.35 760.35
12/25/25 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
12/01/25 3137HAMH6 0.00 3,100.00 3,100.00
12/25/25 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
12/01/25 3137HKXJ8 0.00 698.25 698.25
12/25/25 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
12/01/25 3137HDV56 0.00 1,730.67 1,730.67
PFM Asset Management, a division of Page 23
U.S. Bancorp Asset Management, Inc.

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

INTEREST
12/25/25 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
12/01/25 3137HACX2 0.00 2,208.71 2,208.71
12/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
12/01/25 3137HDJJ0 0.00 2,144.45 2,144.45
12/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
12/01/25 3137HAD45 0.00 1,714.50 1,714.50
12/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
12/01/25 3137HBC69 0.00 1,536.78 1,536.78
12/25/25 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
12/01/25 3137HAST4 0.00 1,515.63 1,515.63
12/25/25 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
12/01/25 3137HBLV4 0.00 1,104.90 1,104.90
12/09/25 NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
12/09/25 63254ABE7 0.00 9,762.50 9,762.50
12/15/25 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
12/15/25 14041NGD7 0.00 1,804.83 1,804.83
12/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
12/15/25 891940AC2 0.00 363.23 363.23
12/15/25 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
12/15/25 254683CZ6 0.00 1,437.92 1,437.92
12/15/25 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
12/15/25 58773DAD6 0.00 2,190.83 2,190.83
12/15/25 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
12/15/25 05522RDH8 0.00 747.00 747.00
12/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
12/15/25 41285JAD0 0.00 240.92 240.92
12/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
12/15/25 14318MAD1 0.00 83.64 83.64
12/15/25 ANALOG DEVICES INC (CALLABLE)
DTD 06/16/2025 4.500% 06/15/2030
12/15/25 032654BE4 0.00 8,950.00 8,950.00
12/15/25 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
12/15/25 161571HT4 0.00 1,741.50 1,741.50
12/15/25 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
12/15/25 02582JKH2 0.00 2,157.37 2,157.37
PFM Asset Management, a division of Page 24
U.S. Bancorp Asset Management, Inc.

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

INTEREST
12/15/25 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
12/15/25 254683CY9 0.00 1,149.33 1,149.33
12/15/25 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
12/15/25 437921AD1 0.00 397.71 397.71
12/15/25 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
12/15/25 02582JKD1 0.00 1,786.92 1,786.92
12/15/25 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
12/15/25 02582JJZ4 0.00 771.08 771.08
12/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
12/15/25 344928AD8 0.00 214.83 214.83
12/15/25 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
12/15/25 92970QAJ4 0.00 1,754.08 1,754.08
12/15/25 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
12/15/25 05522RDK1 0.00 897.92 897.92
12/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
12/15/25 31680EAD3 0.00 1,033.50 1,033.50
12/15/25 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
12/15/25 05522RDG0 0.00 678.58 678.58
12/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
12/15/25 65480JAC4 0.00 126.40 126.40
12/16/25 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
12/16/25 362549AD9 0.00 321.00 321.00
12/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
12/16/25 36265QAD8 0.00 200.80 200.80
12/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
12/18/25 43815QAC1 0.00 829.03 829.03
12/20/25 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
12/20/25 05594BAD8 0.00 290.00 290.00
12/20/25 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
12/20/25 92348KDY6 0.00 1,559.71 1,559.71
12/20/25 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
12/20/25 73329KAD8 0.00 384.17 384.17
12/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
12/21/25 438123AC5 0.00 304.95 304.95
PFM Asset Management, a division of Page 25
U.S. Bancorp Asset Management, Inc.

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

INTEREST
12/21/25 CCCIT 2025-A1 A
DTD 06/26/2025 4.300% 06/21/2030
12/21/25 17305EHA6 0.00 11,496.53 11,496.53
12/25/25 HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
12/25/25 437076DC3 0.00 8,906.25 8,906.25
12/31/25 US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
12/31/25 91282CEV9 0.00 184,843.75 184,843.75
12/31/25 US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
12/31/25 91282CJR3 0.00 124,687.50 124,687.50
12/31/25 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
12/31/25 91282CCH2 0.00 49,375.00 49,375.00
Transaction Type Sub-Total 0.00 452,330.57 452,330.57

PAYDOWNS
12/25/25 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
12/01/25 3137HAD45 598.54 598.54 0.00 598.54 0.01 0.01
12/25/25 FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
12/01/25 3137BNGT5 64,849.88 64,849.88 0.00 64,849.88 2,685.19 144.86 12/25/25 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
12/01/25 3137BTUM1 805.97 805.97 0.00 805.97 24.81 6.96 12/25/25 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
12/01/25 3137HBC69 1,300.30 1,300.26 0.00 1,300.26 (0.03) (0.04) 12/25/25 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
12/01/25 3137HDJJ0 64.23 64.23 0.00 64.23 0.00 0.00
12/25/25 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
12/01/25 3136BQDE6 60.25 60.25 0.00 60.25 1.02 0.54
12/15/25 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
12/15/25 891940AC2 10,248.39 10,248.39 0.00 10,248.39 0.01 0.00 12/15/25 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
12/15/25 14318MAD1 7,611.10 7,611.10 0.00 7,611.10 0.18 0.05 12/15/25 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
12/15/25 344928AD8 5,172.69 5,172.69 0.00 5,172.69 0.54 0.24 12/15/25 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
12/15/25 65480JAC4 4,906.42 4,906.42 0.00 4,906.42 1.02 0.31 PFM Asset Management, a division of Page 26
U.S. Bancorp Asset Management, Inc.

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

PAYDOWNS
12/15/25 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
12/15/25 41285JAD0 6,697.47 6,697.47 0.00 6,697.47 0.67 0.28 12/15/25 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
12/15/25 31680EAD3 15,529.33 15,529.33 0.00 15,529.33 0.96 0.52 12/16/25 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
12/16/25 36265QAD8 10,574.82 10,574.82 0.00 10,574.82 1.73 0.60 12/18/25 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
12/18/25 43815QAC1 15,437.43 15,437.43 0.00 15,437.43 3.18 1.54 12/21/25 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
12/21/25 438123AC5 4,300.19 4,300.19 0.00 4,300.19 0.76 0.43 Transaction Type Sub-Total 148,157.01 148,156.97 0.00 148,156.97 2,720.05 156.30 Managed Account Sub-Total 312,627.65 454,178.36 766,806.01 10,510.05 3,905.64 Total Security Transactions $312,627.65 $454,178.36 $766,806.01 $10,510.05 $3,905.64 PFM Asset Management, a division of Page 27
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending December 31, 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 190,569.55
12/04/25 12/04/25 Purchase - Principal 110122DE5 1.00 166,318.47 356,888.02 12/09/25 12/09/25 Purchase - Interest 63254ABE7 1.00 9,762.50 366,650.52 12/15/25 12/15/25 Purchase - Interest 032654BE4 1.00 8,950.00 375,600.52 12/15/25 12/15/25 Purchase - Interest 02582JJZ4 1.00 771.08 376,371.60 12/15/25 12/15/25 Purchase - Interest 02582JKD1 1.00 1,786.92 378,158.52 12/15/25 12/15/25 Purchase - Interest 02582JKH2 1.00 2,157.37 380,315.89 12/15/25 12/15/25 Purchase - Interest 05522RDG0 1.00 678.58 380,994.47 12/15/25 12/15/25 Purchase - Interest 05522RDH8 1.00 747.00 381,741.47 12/15/25 12/15/25 Purchase - Interest 05522RDK1 1.00 897.92 382,639.39 12/15/25 12/15/25 Purchase - Interest 14041NGD7 1.00 1,804.83 384,444.22 12/15/25 12/15/25 Purchase - Interest 14318MAD1 1.00 83.64 384,527.86 12/15/25 12/15/25 Purchase - Interest 161571HT4 1.00 1,741.50 386,269.36 12/15/25 12/15/25 Purchase - Interest 254683CY9 1.00 1,149.33 387,418.69 12/15/25 12/15/25 Purchase - Interest 254683CZ6 1.00 1,437.92 388,856.61 12/15/25 12/15/25 Purchase - Interest 31680EAD3 1.00 1,033.50 389,890.11 12/15/25 12/15/25 Purchase - Interest 344928AD8 1.00 214.83 390,104.94 12/15/25 12/15/25 Purchase - Interest 41285JAD0 1.00 240.92 390,345.86 12/15/25 12/15/25 Purchase - Interest 437921AD1 1.00 397.71 390,743.57 12/15/25 12/15/25 Purchase - Interest 58773DAD6 1.00 2,190.83 392,934.40 12/15/25 12/15/25 Purchase - Interest 65480JAC4 1.00 126.40 393,060.80 12/15/25 12/15/25 Purchase - Interest 891940AC2 1.00 363.23 393,424.03 PFM Asset Management, a division of Page 28
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending December 31, 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
12/15/25 12/15/25 Purchase - Interest 92970QAJ4 1.00 1,754.08 395,178.11 12/15/25 12/15/25 Purchase - Principal 14318MAD1 1.00 7,611.10 402,789.21 12/15/25 12/15/25 Purchase - Principal 31680EAD3 1.00 15,529.33 418,318.54 12/15/25 12/15/25 Purchase - Principal 344928AD8 1.00 5,172.69 423,491.23 12/15/25 12/15/25 Purchase - Principal 65480JAC4 1.00 4,906.42 428,397.65 12/15/25 12/15/25 Purchase - Principal 891940AC2 1.00 10,248.39 438,646.04 12/15/25 12/15/25 Purchase - Principal 41285JAD0 1.00 6,697.47 445,343.51 12/16/25 12/16/25 Purchase - Interest 362549AD9 1.00 321.00 445,664.51 12/16/25 12/16/25 Purchase - Interest 36265QAD8 1.00 200.80 445,865.31 12/16/25 12/16/25 Purchase - Principal 36265QAD8 1.00 10,574.82 456,440.13 12/18/25 12/18/25 Purchase - Interest 43815QAC1 1.00 829.03 457,269.16 12/18/25 12/18/25 Purchase - Principal 43815QAC1 1.00 15,437.43 472,706.59 12/22/25 12/22/25 Purchase - Interest 05594BAD8 1.00 290.00 472,996.59 12/22/25 12/22/25 Purchase - Interest 17305EHA6 1.00 11,496.53 484,493.12 12/22/25 12/22/25 Purchase - Interest 438123AC5 1.00 304.95 484,798.07 12/22/25 12/22/25 Purchase - Interest 73329KAD8 1.00 384.17 485,182.24 12/22/25 12/22/25 Purchase - Interest 92348KDY6 1.00 1,559.71 486,741.95 12/22/25 12/22/25 Purchase - Principal 438123AC5 1.00 4,300.19 491,042.14 12/26/25 12/26/25 Purchase - Interest 3136BQDE6 1.00 1,829.60 492,871.74 12/26/25 12/26/25 Purchase - Interest 3137BNGT5 1.00 343.14 493,214.88 12/26/25 12/26/25 Purchase - Interest 3137BSP72 1.00 1,215.96 494,430.84 12/26/25 12/26/25 Purchase - Interest 3137BTUM1 1.00 1,012.05 495,442.89 PFM Asset Management, a division of Page 29
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending December 31, 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
12/26/25 12/26/25 Purchase - Interest 3137BXQY1 1.00 1,477.67 496,920.56 12/26/25 12/26/25 Purchase - Interest 3137F1G44 1.00 1,486.38 498,406.94 12/26/25 12/26/25 Purchase - Interest 3137HACX2 1.00 2,208.71 500,615.65 12/26/25 12/26/25 Purchase - Interest 3137HAD45 1.00 1,714.50 502,330.15 12/26/25 12/26/25 Purchase - Interest 3137HAMH6 1.00 3,100.00 505,430.15 12/26/25 12/26/25 Purchase - Interest 3137HAMS2 1.00 2,000.00 507,430.15 12/26/25 12/26/25 Purchase - Interest 3137HAQ74 1.00 1,975.00 509,405.15 12/26/25 12/26/25 Purchase - Interest 3137HAST4 1.00 1,515.63 510,920.78 12/26/25 12/26/25 Purchase - Interest 3137HB3D4 1.00 760.35 511,681.13 12/26/25 12/26/25 Purchase - Interest 3137HB3G7 1.00 1,113.75 512,794.88 12/26/25 12/26/25 Purchase - Interest 3137HBC69 1.00 1,536.78 514,331.66 12/26/25 12/26/25 Purchase - Interest 3137HBLV4 1.00 1,104.90 515,436.56 12/26/25 12/26/25 Purchase - Interest 3137HDJJ0 1.00 2,144.45 517,581.01 12/26/25 12/26/25 Purchase - Interest 3137HDV56 1.00 1,730.67 519,311.68 12/26/25 12/26/25 Purchase - Interest 3137HDXL9 1.00 1,873.99 521,185.67 12/26/25 12/26/25 Purchase - Interest 3137HKXJ8 1.00 698.25 521,883.92 12/26/25 12/26/25 Purchase - Correction to Interest 3137BTUM1 from 12/25/2025 1.00 1,012.06 522,895.98 12/26/25 12/26/25 Purchase - Interest 437076DC3 1.00 8,906.25 531,802.23 12/26/25 12/26/25 Purchase - Principal 3136BQDE6 1.00 60.25 531,862.48 12/26/25 12/26/25 Purchase - Principal 3137BNGT5 1.00 64,849.88 596,712.36 12/26/25 12/26/25 Purchase - Principal 3137HAD45 1.00 598.54 597,310.90 12/26/25 12/26/25 Purchase - Principal 3137HDJJ0 1.00 64.23 597,375.13 PFM Asset Management, a division of Page 30
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending December 31, 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
12/26/25 12/26/25 Purchase - Principal 3137BTUM1 1.00 805.97 598,181.10 12/26/25 12/26/25 Purchase - Principal 3137HBC69 1.00 1,300.26 599,481.36 12/26/25 12/26/25 Redemption - Reversal of Interest 3137BTUM1 from 12/25/2025 1.00 (1,012.05) 598,469.31 12/26/25 12/26/25 IP Fees November 2025 1.00 (4,072.54) 594,396.77 12/26/25 12/26/25 U.S. Bank Fees October 2025 1.00 (208.76) 594,188.01 12/31/25 12/31/25 Purchase - Interest 91282CCH2 1.00 49,375.00 643,563.01 12/31/25 12/31/25 Purchase - Interest 91282CEV9 1.00 184,843.75 828,406.76 12/31/25 12/31/25 Purchase - Interest 91282CJR3 1.00 124,687.50 953,094.26 12/31/25 01/02/26 Accrual Income Div Reinvestment - Distributions 1.00 1,473.73 954,567.99 954,567.99
954,567.99
954,567.99
441,767.05
15,324.14

0.00 (22,808,113.49)
23,492,761.56
269,919.92
1,473.73
954,567.99

0.00 (5,293.35)
769,291.79
190,569.55
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
December January-December

3.95%
PFM Asset Management, a division of Page 31
U.S. Bancorp Asset Management, Inc.

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Nancy Huynh, Principal Planner
Date: January 27, 2026
Subject: Planning Application No. 2025-11 (Tentative Parcel Map No. 39310) – A Request to Subdivide an Existing 81.38-acre Parcel into Two Parcels (35.64 acres and 45.74 acres, respectively) for Financing Purposes located South of Sugarbush Lane and East of Cottonwood Canyon Road
Applicant: Brian Ortwein, Tri Pointe Homes
Recommendation

1. Find that the proposed project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3) (“Common Sense Exemption”); and

2. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING TENTATIVE PARCEL MAP NO. 39310, TO SUBDIVIDE 81.38 ACRES INTO TWO PARCELS THAT ARE 35.64 ACRES AND 45.74 ACRES IN SIZE FOR

FINANCING PURPOSES WITHIN THE CANYON HILLS ESTATES SPECIFIC PLAN LOCATED AT APN 365-230-001.

Planning Commission Action
On December 2, 2025, the Planning Commission (Commission) held a duly noticed public hearing and recommended approval of Tentative Parcel Map (TPM) No. 39310 which included modifications to Condition of Approval Nos. 22 and 23.

In attendance at the meeting were the applicants who addressed the Commission and two residents from the City of Wildomar who provided oral testimony raising concerns with the environmental impact of the parcel map.

PA-2025-11 (TPM 39310)

The Commission recommended approval of the project with a 3-0 vote (Commissioner Devor absent).

Project Location
The proposed project is located on an approximately 81-acre parcel within Canyon Hills Estates Specific Plan (CHESP). More specifically, the parcel is south of Sugarbush Lane and east of Cottonwood Canyon Road and includes Assessor Parcel Number (APN) 365-230-001. The project area is currently vacant and undisturbed open space with brush and trees across the landscape.

Background
On January 23, 2007, the City Council approved the CHESP which included Final Environmental Impact Report (FEIR) No. 2006-04 (SCH No. 2006051073), General Plan Amendment (GPA) No. 2006-04, Specific Plan (SP) No. 2006-01, and Tentative Tract Map (TTM) No. 34249 for the subdivision of approximately 246.41 acres into 302 single-family residential lots, 12 open space lots, one public park, and two tank sites.

More recently, on February 20, 2024, Revision No. 1 to TTM No. 34249 was approved to subdivide the 81.32-acre portion of the 246.41-acres into 133 single-family residential lots, three open space lots, two water quality/detention basins, and one 5.82-acre park.

The subject parcel is located west of the recently approved map revision for TTM No. 34249 within the CHESP (refer to the CHESP Land Use Plan in Attachment 5).

Project Description
Tentative Parcel Map No. 39310 consists of an existing 81.38-acre parcel located within the CHESP. Tri Pointe proposes to subdivide the parcel into two parcels with Parcel 1 proposed to be 35.64-acres and Parcel 2 proposed to be 45.74-acres.

The subdivision would create an additional parcel without altering existing entitlements, land use designations, or environmental conclusions previously adopted under FEIR No. 2006‑04 (SCH No. 2006051073). The subdivision does not introduce new residential components nor modify the topography, hydrology, or access conditions of the property. TPM No. 39310 is intended to reduce annexation costs into the Elsinore Valley Municipal Water District (EVMWD) and streamline processing through the Riverside Local Agency Formation Commission (LAFCO), while preserving long‑term planning objectives of the Specific Plan.

No construction or physical improvements are proposed with the request as the subdivision is strictly for financing purposes. Any future development would require a separate application and review process and would be subject to its own public hearing(s) at Planning Commission and/or City Council.

PA-2025-11 (TPM 39310)

Discussion
The analysis below provides a discussion of the proposed project’s consistency with the CHESP and General Plan. In addition, the Design Review Committee, including staff from Planning, Building and Safety, Fire, and Engineering Departments and the Elsinore Valley Municipal Water District, has reviewed the project and have included recommended conditions of approval to ensure compliance with adopted plans, policies, and regulations.

Specific Plan and General Plan Consistency
The project is located within the CHESP’s Single Family-1 (SF-1) and Open Space (OS) land use designations. The SF-1 designation is intended for single family detached residential development at a density between two and four dwelling units per acre. However, as previously mentioned in the above section of this staff report, TPM No. 39310 is for financing purposes only and no development of any type is being proposed with it.

The proposed subdivision complies with the minimum lot area and street frontage requirements outlined in the CHESP. Legal access to both parcels is provided via public improvements currently under construction through the previously approved Tract No. 34249, satisfying the access standards set forth in Lake Elsinore Municipal Code Sections 16.12.030 and 16.12.040. These provisions require vehicular access to all lots and connection to a publicly maintained road.

Although no residential development is proposed currently, the parcel configuration ensures adequate frontage and access. Additionally, the proposed TPM No. 39310 conforms to the requirements of LEMC Chapter 16.24 and the Subdivision Map Act. As such, the proposed subdivision is consistent with the CHESP, which was found to align with the General Plan at the time of its adoption. Accordingly, the project is also consistent with the General Plan.

Environmental Determination
Pursuant to CEQA Guidelines Section 15061(b)(3), the project is exempt under the “Common Sense Exemption.” The land division is for financing purposes only and does not propose any development or construction. Therefore, it can be seen with certainty that there is no possibility that the land division may have a significant effect on the environment and is not subject to CEQA.

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

Public Notice
Notice of the public hearing for this application has been published in the Press-Enterprise newspaper and mailed to property owners within a 600-foot radius of the subject property. As of PA-2025-11 (TPM 39310)

the writing of this report, no written comments concerning these applications have been received by staff.

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

Attachments
Attachment 1 – TPM Resolution
Attachment 2 – Conditions of Approval
Attachment 3 – GIS Exhibits
Attachment 4 – CHESP Land Use Plan
Attachment 5 – TPM No. 39310
Attachment 6 – Public Notice Materials
RESOLUTION NO. 2026-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING TENTATIVE PARCEL MAP NO. 39310, FOR THE SUBDIVISION OF 81.38 ACRES INTO TWO PARCELS THAT ARE 35.64 ACRES AND 45.74 ACRES IN SIZE FOR FINANCING PURPOSES WITHIN THE CANYON HILLS ESTATES SPECIFIC PLAN LOCATED AT APN 365-230-001
Whereas, Tri Pointe Homes has filed an application with the City of Lake Elsinore (City) requesting approval of Planning Application No. 2025-11 (Tentative Parcel Map No. 39310) to subdivide an existing 81.38-acre parcel into two parcels (35.64 acres and 45.74 acres) for financing purposes. The site is located south of Sugarbush Lane and east of Cottonwood Canyon Road within the Canyon Hills Estates Specific Plan (APN: 365-230-001); Whereas, Section 6.0 of the Multiple Species Habitat Conservation Plan (MSHCP) requires that all discretionary projects within a MSHCP Criteria Cell undergo the Lake Elsinore Acquisition Process (LEAP) and the Joint Project Review (JPR) to analyze the scope of the proposed development and establish a building envelope that is consistent with the MSHCP criteria;
Whereas, Section 6.0 of the MSHCP further requires that the City adopt consistency findings demonstrating that the proposed discretionary entitlement complies with the MSHCP Criteria Cell, and the MSHCP goals and objectives;
Whereas, pursuant to Lake Elsinore Municipal Code (LEMC) Chapter 16.24 (Tentative Map) the Planning Commission (Commission) has been delegated with the responsibility of making recommendations to the City Council (Council) pertaining to the tentative map review; Whereas, on December 2, 2025, at a duly noticed Public Hearing, the Commission has considered evidence presented by the Community Development Department and other interested parties with respect to this item, and adopted a resolution recommending that the Council Approve TPM No. 39310; and
Whereas, on January 27, 2026, at a duly noticed Public Hearing, the City Council (Council) has cons considered evidence presented by the Community Development Department and other interested parties with respect to this item.

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

Section 1: The Council has considered the project and has found it acceptable.

Section 2: That in accordance with the MSHCP, the Council makes the following findings for MSHCP consistency:

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

2. The project site is vacant and undeveloped. The project is proposing a subdivision for financing purposes only and no development or construction is involved. As such, the CC Reso. No. 2026-____

Riparian/Riverine Areas and Vernal Pool Guidelines as set forth in Section 6.1.2 of the MSHCP are not applicable.

3. The project is consistent with the Protection of Narrow Endemic Plant Species Guidelines as set forth in MSHCP Section 6.1.3 and the Additional Survey Needs and Procedures as set forth in MSHCP Section 6.3.2 because the project is not located within any Narrow Endemic Plant Species Survey Areas or Critical Species Survey Areas.

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

5. The project is exempt from MSHCP local development mitigation fees pursuant to LEMC Section 16.85.090.B because the project does involve any development or construction as the project is strictly a subdivision for financing purposes.

Section 3: The Council finds and determines that the project is exempt from the California Environmental Quality Act (Cal. Pub. Res. Code §§21000 et seq.: “CEQA”) and the CEQA Guidelines (14 C.C.R. §§ 15000 et seq.) pursuant to CEQA Guidelines Section 15061(b)(3) (“Common Sense Exemption”). The land division is for financing purposes only and does not propose any development or construction. Therefore, it can be seen with certainty that there is no possibility that the land division may have a significant effect on the environment and is not subject to CEQA.

Section 4: That in accordance with State Planning and Zoning Law and the LEMC, the Council makes the following findings to approve TPM No. 39310:

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

The project is located within the Canyon Hills Estates Specific Plan (CHESP). The proposed project is compatible with the objectives, policies, general land uses and programs as identified in the CHESP. The CHESP was subject to a consistency finding with the General Plan prior to adoption. The proposed project complies with the minimum standards of the Single Family-1 (SF-1) and Open Space (OS) land use designations for minimum lot size and street frontage requirements. The proposed project is consistent with the provisions of the CHESP and is therefore found to be consistent with the General Plan.

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

The project is strictly a subdivision for financing purposes and does not involve any development or construction. Any future development would require a separate application and review process and would be subject to its own public hearing(s) at Planning Commission and/or City Council.

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

CC Reso. No. 2026-____

The project would create an additional parcel without altering existing entitlements, land use designations, or environmental conclusions previously adopted under Final Environmental Impact Report No. 2006‑04 (SCH No. 2006051073) for the approval of the CHESP. The subdivision does not introduce new residential components nor modify the topography, hydrology, or access conditions of the property. Furthermore, the project does not involve any development or new construction.

4. The proposed division of land or type of improvements is not likely to result in any significant environmental impacts.

The project is exempt from the California Environmental Quality Act (Cal. Pub. Res. Code §§21000 et seq.: “CEQA”) and the CEQA Guidelines (14 C.C.R. §§ 15000 et seq.) pursuant to CEQA Guidelines Section 15061(b)(3) (“Common Sense Exemption”). The land division is for financing purposes only and does not propose any development or construction.

Therefore, it can be seen with certainty that there is no possibility that the land division may have a significant effect on the environment and is not subject to CEQA.

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

TPM No. 39310 has been designed in a manner consistent with the General Plan and the CHESP and does not divide previously established communities. In addition, the project does not involve any type of improvement(s) since it is strictly a TPM for financing purposes.

6. The design of the proposed division of land or type of improvements will not conflict with easements, acquired by the public at large, for access through or use of property within the proposed division of land.

The project has been reviewed by all applicable City departments, including the Engineering Department and outside agencies, and it has been determined that TPM No. 39310 will not conflict with easements for access or use of the property. Legal access to both parcels will be provided via public improvements currently under construction through the previously approved Tract No. 34249, satisfying the access standards set forth in Lake Elsinore Municipal Code Sections 16.12.030 and 16.12.040.

Section 5: Based upon the evidence presented, both written and testimonial, and the above findings, and the conditions of approval imposed upon the project, the Council hereby finds the project is consistent with the MSHCP and approves TPM No. 39310.

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

Passed and Adopted on this 27th of January, 2026.
_____________________________
Robert E. Magee
Mayor
Attest:

CC Reso. No. 2026-____

_________________________________
Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, hereby certify that Resolution No. 2026-__ was adopted by the City Council of the City of Lake Elsinore, California, at a regular meeting held on January 27, 2026, and that the same was adopted by the following vote:

AYES:

NOES:

ABSTAIN:

ABSENT:
________________________________
Candice Alvarez, MMC
City Clerk
Applicant’s Initials: _____ Page 1 of 5

CONDITIONS OF APPROVAL
PROJECT: PA 2025-11/TPM 39310
PROJECT NAME: TPM No. 39310 Finance Map
PROJECT LOCATION: APN: 365-230-001
APPROVAL DATE:

EXPIRATION DATE:

EXPIRATION DATE:

GENERAL CONDITIONS

1. Planning Application No. 2025-11 (Tentative Parcel Map No. 39310) proposes to subdivide an existing 81.38-acre parcel into two parcels (35.64 acres and 45.74 acres) for financing purposes. The site is located south of Sugarbush Lane and east of Cottonwood Canyon Road within the Canyon Hills Estates Specific Plan (APN: 365-230-001).

2. The applicant shall defend (with counsel acceptable to the City), indemnify, and hold harmless the City, its Officials, Officers, Employees, Agents, and its Consultants (Indemnitees) from any claim, action, or proceeding against the Indemnitees to attack, set aside, void, or annul an approval of the City, its advisory agencies, appeal boards, or legislative body concerning approval, implementation and construction of TPM 39310, which action is bought within the time period provided for in California Government Code Sections 65009 and/or 66499.37, and Public Resources Code Section 21167, including the approval, extension or modification of TPM 39310 or any of the proceedings, acts or determinations taken, done, or made prior to the decision, or to determine the reasonableness, legality or validity of any condition attached thereto. The Applicant's indemnification is intended to include, but not be limited to, damages, fees and/or costs awarded against or incurred by Indemnitees and costs of suit, claim or litigation, including without limitation attorneys' fees, penalties and other costs, liabilities and expenses incurred by Indemnitees in connection with such proceeding. The City will promptly notify the applicant of any such claim, action, or proceeding against the City. If the project is challenged in court, the City and the applicant shall enter into formal defense and indemnity agreement, consistent with this condition

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

PLANNING DIVISION

4. Tentative Parcel Map No. 39310 shall comply with the State of California Subdivision Map Act, the Canyon Hills Estates Specific Plan, and applicable requirements set forth in the Lake Elsinore Municipal Code (LEMC), unless modified by approved Conditions of Approval.

5. Each sheet of the subdivision map shall clearly provide the following: “For Finance and Conveyance Purposes Only. A Future Subdivision Map or Land Use Entitlement or Permit is Necessary to Develop this Property. This Map Does Not Remove any Conditions of Approval For Separate Land Use Entitlements or Tentative Maps or Use Permits Approved for this Land.”

6. Future development shall comply with the provisions and requirements contained in the Canyon Hills Estates Specific Plan.

PA 2025-11/TPM 39310 PC: December 2, 2025
Conditions of Approval CC: January 27, 2026
Applicant’s Initials: _____ Page 2 of 5

7. All future development proposals shall be reviewed by the City on a project-by-project basis.

If determined necessary by the Community Development Director or designee, additional environmental analysis may be required.

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

Prior to Recordation of Final Parcel Map

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

10. Street names within the subdivision shall be approved by the Community Development Director or Designee.

11. The applicant shall meet all requirements of Elsinore Valley Municipal Water District (EVMWD).

BUILDING DIVISION
General Conditions

12. Compliance with Code. All design components shall comply with applicable provisions of the 2022 edition of the California Building, Plumbing and Mechanical Codes: 2022 California Electrical Code; California Administrative Code, 2022 California Energy Codes, 2022 California Green Building Standards, California Title 24 Disabled Access Regulations, and Lake Elsinore Municipal Code.

ENGINEERING DEPARTMENT
General

13. This two (2) parcel tentative map is for financing and conveyance purposes only. A subsequent tract map or parcel map shall be required to further subdivide these properties.

Specific conditions of approval related to traffic circulation, grading, drainage, right-of-way dedications, mitigation fees, conservation easements and other related engineering requirements and/or mitigations shall be required when the property is subdivided or at time of development.

14. Each parcel shall have legal access to public right-of-way.

15. The processing of this map shall conform to the requirements of the Subdivision Map Act.

16. Monumentation shall be in accordance with Lake Elsinore Municipal Code Section 16.32 and Subdivision Map Act.

PA 2025-11/TPM 39310 PC: December 2, 2025
Conditions of Approval CC: January 27, 2026
Applicant’s Initials: _____ Page 3 of 5

17. The developer shall be responsible for acquiring any necessary rights-of-way in which the developer or the City has no legal title or interest.

18. Applicant shall submit for plan check review and approval for the Final Map for financing and conveyance purposes. All new submittals for plan check shall be made using the City’s online Citizen Service Portal (CSSP).

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

20. Security and inspection fee for monumentation shall be paid and two contiguous monuments shall be inspected prior to scheduling City Council approval of final map.

CITY OF LAKE ELSINORE FIRE MARSHAL

21. The applicant/operator shall comply with all requirements of the Riverside County Fire Department Lake Elsinore Office of the Fire Marshal. Questions should be directed to the Riverside County Fire Department, Lake Elsinore Office of the Fire Marshal at 130 S. Main St., Lake Elsinore, CA 92530. Phone: (951) 671-3124 Ext. 225.

DEPARTMENT OF ADMINISTRATIVE SERVICES
Annex into CFD 2015-1 (Safety) Law Enforcement, Fire and Paramedic Services CFD

22. For any future implementing project such as but not limited to, tentative tract maps and design reviews, the applicant shall submit an application to the Department of Administrative Services to initiate the annexation process into Community Facilities District No. 2015-1 (Safety) the Law Enforcement, Fire and Paramedic Services Mello-Roos Community Facilities District to offset the annual negative fiscal impacts of the project on public safety operations and maintenance issues in the City. Alternatively, the applicant may propose alternative financing mechanisms to fund the annual negative fiscal impacts of the project with respect to Public Safety services. Applicant shall make a non-refundable deposit of $15,000, or at the current rate in place at the time of annexation toward the cost of annexation, formation or other mitigation process, as applicable. (Revised per 12/2/2025 PC)
Annex into the City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services)

23. For any future implementing project such as but not limited to, tentative tract maps and design reviews, the applicant shall submit an application to the Department of Administrative Services to initiate the annexation process into the Community Facilities District No. 2015- 2 (Maintenance Services) or current Community Facilities District in place at the time of annexation to fund the on-going operation and maintenance of the public right-of-way landscaped areas and neighborhood parks to be maintained by the City and for street lights in the public right-of-way for which the City will pay for electricity and a maintenance fee to Southern California Edison, including parkways, street maintenance, open space and public storm drains constructed within the development and federal NPDES requirements to offset the annual negative fiscal impacts of the project. Alternatively, the applicant may propose PA 2025-11/TPM 39310 PC: December 2, 2025
Conditions of Approval CC: January 27, 2026
Applicant’s Initials: _____ Page 4 of 5
alternative financing mechanisms to fund the annual negative fiscal impacts of the project with respect to Maintenance Services. Applicant shall make a non-refundable deposit of $15,000 or at the current rate in place at the time of annexation toward the cost of annexation, formation or other mitigation process, as applicable. (Revised per 12/2/2025 PC)

PA 2025-11/TPM 39310 PC: December 2, 2025
Conditions of Approval CC: January 27, 2026
Applicant’s Initials: _____ Page 5 of 5
I hereby state that I acknowledge receipt of the approved Conditions of Approval for the above named project and do hereby agree to accept and abide by all Conditions of Approval as approved by the City Council of the City of Lake Elsinore on _________ . I also acknowledge that all Conditions shall be met as indicated.

Date:

Applicant’s Signature:

Print Name:

Address:

Phone Number:

Brenda Schroeder
Docusign Envelope ID: EE96BFD2-AEAD-431B-A533-7E8A7E0855B1

NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that the City Council of the City of Lake Elsinore, California, will hold a Public Hearing on January 27, 2026, at the Lake Elsinore Cultural Center, 183 North Main Street, Lake Elsinore, California, 92530, at 7:00 p.m., or as soon thereafter as the matter may be heard, to consider the following:

Planning Application No. 2025-11 (TPM No. 39310): The proposed project is a request submitted by Brian Ortwein of Tri-Pointe Homes for approval of a Tentative Parcel Map (TPM No. 39310) to subdivide an existing 81.38-acre parcel into two parcels, creating one 35.64-acre lot and one 45.74-acre lot for finance purposes only. TPM No. 39310 does not involve any development or new construction. The project site is within the Canyon Hills Estate Specific Plan and is generally located south of Sugarbush Lane and east of Cottonwood Canyon Road and more specifically identified by Assessorís Parcel Number 365-230-001.

Pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15061(b)(3) of the California Code of Regulations, also known as the ìCommon Sense Exemptionî, the proposed project does not involve any construction nor have a significant effect on the environment.

PLANNING COMMISSION RECOMMENDATION: On December 2, 2025, at a duly noticed Public Hearing, the Lake Elsinore Planning Commission by a 4-0 vote recommended that the City Council approve the proposed project.

ALL INTERESTED PERSONS are invited to submit written information, express opinions or otherwise submit written evidence by email to [email protected].

If you wish to legally challenge any action taken by the City on the above matter, you may be limited to raising only those issues you or someone else at the Public Hearing described in this notice, or in written correspondence delivered to the City prior to or at the Public Hearing. If you require accommodation to participate in a Public Hearing, please contact the City Clerkís office at (951) 674-3124 ext. 269. All Agenda materials are available for review on the Cityís website at www.lake-elsinore.org, the Friday before the Public Hearing.

FURTHER INFORMATION on this item may be obtained by contacting Sophia Tatlyan, Contract Planner in the Planning Division at [email protected] or (562) 753-2869.

Candice Alvarez, MMC
City Clerk
3512 14 Street
Riverside, California 92501
(951) 368-9229
[email protected]
City of Lake Elsinore
130 South Main Street
Lake Elsinore, California 92530
Account Number: 5209153
Ad Order Number: 0011773759
Customer's Reference/PO Number:

Publication: The Press-Enterprise
Publication Dates: 01/16/2026
Total Amount: $400.48
Payment Amount: $0.00
Amount Due: $400.48
Notice ID: TnnVA6tYipOqtZvb2hsn
Invoice Text: [https://res.cloudinary.com/dgqq2xsfd/image/upload/enoticeproduction/exports/1768320684924/image001.jpg] NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that the City Council of the City of Lake Elsinore, California, will hold a Public Hearing on January 27, 2026, at the Lake Elsinore Cultural Center, 183 North Main Street, Lake Elsinore, California, 92530, at 7:00 p.m., or as soon thereafter as the matter may be heard, to consider the following: Planning Application No. 2025-11 (TPM No. 39310): The proposed project is a request submitted by Brian Ortwein of Tri-Pointe Homes for approval of a Tentative Parcel Map (TPM No. 39310) to subdivide an existing 81.38-acre parcel into two parcels, creating one 35.64-acre lot and one 45.74-acre lot for finance purposes only . TPM No. 39310 does not involve any development or new construction. The project site is within the Canyon Hills Estate Specific Plan and is generally located south of Sugarbush Lane and east of Cottonwood Canyon Road and more specifically identified by Assessor’s Parcel Number 365-230-001. Pursuant to the California Environmental Quality Act (CEQA) Guidelines Section 15061(b)(3) of the California Code of Regulations, also known as the “Common Sense Exemption”, the proposed project does not involve any construction nor have a significant effect on the environment. PLANNING COMMISSION RECOMMENDATION: On December 2, 2025, at a duly noticed Public Hearing, the Lake Elsinore Planning Commission by a 4-0 vote recommended that the City Council approve the proposed project. ALL INTERESTED PERSONS are invited to submit written information, express opinions or otherwise submit written evidence by email to [email protected] . If you PA 2025-11 (TPM No. 39310) - Page 1 of 1
The Press-Enterprise
3512 14 Street
Riverside, California 92501
(951) 368-9229
City of Lake Elsinore
130 South Main Street
Lake Elsinore, California 92530
Publication: The Press-Enterprise

PROOF OF PUBLICATION OF
Ad Desc: 0011773759
FILE NO. 0011773759

PROOF OF PUBLICATION
I am a citizen of the United States. I
am over the age of eighteen years and
not party to or interested in the aboveentitled matter. I am an authorized representative of THE PRESSENTERPRISE, a newspaper of
general circulation, printed and
published daily in the County of
Riverside, and which newspaper has
been adjudicated a newspaper of
general circulation by the Superior
Court of the County of Riverside, State
of California, under date of April 25,
1952, Case Number 54446, under
date of March 29, 1957, Case Number
65673, under date of August 25, 1995,
Case Number 267864, and under date
of September 16, 2013, Case Number
RIC 1309013; that the notice, of which
the annexed is a printed copy, has
been published in said newspaper in
accordance with the instructions of the
person(s) requesting publication, and
not in any supplement thereof on the
following dates, to wit:
01/16/2026
I certify (or declare) under the penalty
of perjury that the foregoing is true and
correct.

Date: January 16, 2026.

At: Riverside, California
______________________________
Signature
PA 2025-11 (TPM No. 39310) - Page 1 of 1

363-231-019
Lake Elsinore Unified School Dist
545 Chaney St
Lake Elsinore, CA 92530-2712
363-231-020
Lake Elsinore Unifed School Dist
545 Chaney St
Lake Elsinore, CA 92530-2712
363-630-027
Shane & Michelle Hensley
31950 Botany Ct
Lake Elsinore, CA 92532-2520
363-630-028
Rebekah & Thomas Porrino
31948 Botany Ct
Lake Elsinore, CA 92532-2520
363-630-029
Alan & Kristina Hopper
31946 Botany Ct
Lake Elsinore, CA 92532-2520
363-630-030
Douglas & Rachelle Staggs
31965 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-630-031
Wesley Betebenner
31967 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-630-032
Roberto Garcia Jr
31969 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-640-001
Occupant
31977 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-640-001
Veronica Garcia & Dustin Bear
Po Box 4974
Covina, CA 91723-4974
363-640-002
Occupant
31979 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-640-002
Jeremy Geng
23580 Alessandro Blvd Unit 9818
Moreno Valley, CA 92552-6158
363-640-003
George & Cejay Helmer
31983 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-640-004
Luis Aragon
31985 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-640-005
Grant Tretheway
31987 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-640-006
Rene Lopez Jr & Samuel Sanchez
31989 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-640-007
Yezid Rodriguez
31991 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-640-008
Jose & Dulce Amaya
31993 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-681-008
Juan & Elvira Espindola Diaz
32368 Whispering Willow Dr
Lake Elsinore, CA 92532-2550
363-681-009
April & Kody Schultz
32366 Whispering Willow Dr
Lake Elsinore, CA 92532-2550
363-681-010
The Vicki Nerney Gerard Rev Tr
32364 Whispering Willow Dr
Lake Elsinore, CA 92532-2550
363-681-011
Allen Wells
32362 Whispering Willow Dr
Lake Elsinore, CA 92532-2550
363-681-012
The Patricia Heath LivTr
32360 Whispering Willow Dr
Lake Elsinore, CA 92532-2550
363-681-013
Carl & Wenxia Gronning
32380 Windemere Dr
Lake Elsinore, CA 92532-2541
363-681-014
Mark & Sandra Henderson
32382 Windemere Dr
Lake Elsinore, CA 92532-2541
363-681-015
Thadeus & Ivy Godoy
32384 Windemere Dr
Lake Elsinore, CA 92532-2541
363-683-001
Occupant
32003 Cottage Glen Dr
Lake Elsinore, CA 92532-2544
363-683-001
Elmer Wickert
32003 Cottage Glen Dr
Lake Elsinore, CA 92532-2544
363-683-002
Fermin Cuevas & Olga Lara Cuevas
32001 Cottage Glen Dr
Lake Elsinore, CA 92532-2544
363-683-003
Mathew & Julia Puig
32359 Whispering Willow Dr
Lake Elsinore, CA 92532-2549
363-683-004
Victor & Aurora Dominguez
32361 Whispering Willow Dr
Lake Elsinore, CA 92532-2549
363-683-005
Edward & Dolores Sethman
32363 Whispering Willow Dr
Lake Elsinore, CA 92532-2549
363-683-006
Occupant
32365 Whispering Willow Dr
Lake Elsinore, CA 92532-2549
363-683-006
Xqds Group
3510 Village Commercial Dr
Oceanside, CA 92056-3576
363-683-007
Carl Berardi
32367 Whispering Willow Dr
Lake Elsinore, CA 92532-2549
363-683-008
Occupant
32369 Whispering Willow Dr
Lake Elsinore, CA 92532-2549
363-683-008
Collin & Cristie Connors
1582 Wawona Dr
San Jose, CA 95125-5058
363-683-009
Nadine Bosi & Bosi Trust
32371 Whispering Willow Dr
Lake Elsinore, CA 92532-2549
363-683-012
Cottonwood Canyon Hills Community
Assn
29 Technology Dr # 100
Irvine, CA 92618-2363
363-683-013
Cottonwood Canyon Hills Community
Assn
29 Technology Dr # 100
Irvine, CA 92618-2363
363-702-024
Vanesa Chavez
32011 Cottage Glen Dr
Lake Elsinore, CA 92532-2544
363-702-025
Kapila Egodage & Sanji Perera
32009 Cottage Glen Dr
Lake Elsinore, CA 92532-2544
363-702-026
Occupant
32007 Cottage Glen Dr
Lake Elsinore, CA 92532-2544
363-702-026
2018 1 Ih Borrower Lp
1717 Main St Ste 2000
Dallas, TX 75201-4657
363-702-027
Occupant
32005 Cottage Glen Dr
Lake Elsinore, CA 92532-2544
363-702-027
Kevin Truong & Lai Koo
7700 Blue Mist Ct
Corona, CA 92880-3210
363-720-003
Beau & Alana Youngker
32362 Ashwood Ct
Lake Elsinore, CA 92532-2556
363-720-004
Jesus & Daniela Ojeda
32360 Ashwood Ct
Lake Elsinore, CA 92532-2556
363-720-005
Occupant
32358 Ashwood Ct
Lake Elsinore, CA 92532-2556
363-720-005
Ou Family Living Tr; Ou Patricia
32424 New Harbor Way
Union City, CA 94587-5185
363-720-006
Patricio Morales & Marisol Bayolo
32357 Ashwood Ct
Lake Elsinore, CA 92532-2556
363-720-007
Steven & Melissa Gearhart
32359 Ashwood Ct
Lake Elsinore, CA 92532-2556
363-720-008
Juan Manzo
32361 Ashwood Ct
Lake Elsinore, CA 92532-2556
363-720-009
Michael & Karla Cleary
32363 Ashwood Ct
Lake Elsinore, CA 92532-2556
363-720-014
Jerry Apana Jr & Kristen Apana
32360 Clear Water Dr
Lake Elsinore, CA 92532-2554
363-720-015
Laura Gonzalez
32358 Clear Water Dr
Lake Elsinore, CA 92532-2554
363-720-016
Cecilia Davis
32356 Clear Water Dr
Lake Elsinore, CA 92532-2554
363-720-017
Maria & Niko Bondoc
32354 Clear Water Dr
Lake Elsinore, CA 92532-2554
363-720-018
Occupant
32352 Clear Water Dr
Lake Elsinore, CA 92532-2554
363-720-018
Dansen Lee & Katherine Thong
5122 Bartlett Ave
San Gabriel, CA 91776-2126
363-720-019
Marquis Davis & Moneshia Moore
32350 Clear Water Dr
Lake Elsinore, CA 92532-2554
363-720-020
Occupant
31922 Sugarbush Ln
Lake Elsinore, CA 92532-
363-720-020
Geostem Dorite
Po Box 5287
Culver City, CA 90231-5287
363-720-021
John & Elizabeth Zook
32024 Sugarbush Ln
Lake Elsinore, CA 92532-2569
363-720-022
Rolando Zelada & Janet Mendoza
32026 Sugarbush Ln
Lake Elsinore, CA 92532-2569
363-720-023
Jay & Lauran Borowski
31928 Sugarbush Ln
Lake Elsinore, CA 92532-
363-720-024
Wendy Sandoval
32030 Sugarbush Ln
Lake Elsinore, CA 92532-2569
363-720-025
Ereeny Mikhail & Caroline Wissa
32029 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-026
Micah Anderson & Michelle Schaub
32027 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-027
Chad & Nadia Blackburn
32025 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-028
Mario & Juli Cruz
32023 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-029
Bahareh & Gerard Seifikabir
32021 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-030
Daryl & Heather Weber
32013 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-031
Occupant
32011 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-031
Mark Moore
Po Box 79017
Corona, CA 92877-0167
363-720-032
Occupant
31909 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-720-032
David & Elsa Cisneros
32009 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-033
Lucia Mora
32007 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-034
Occupant
31905 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-720-034
Jeffrey Shirkani Trust
32421 Caribbean Dr
Dana Point, CA 92629-3535
363-720-035
Walter & Jessica Whitesides
32003 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-036
Occupant
32001 Sugarbush Ln
Lake Elsinore, CA 92532-2570
363-720-036
Li Guan
6039 Flambeau Rd
Rancho Palos Verdes, CA 90275-2164
363-720-037
Daniel & Elena Hotard
31999 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-720-038
Manuel Rosales & Gloria Arreola
31997 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-720-039
Amanda & Lorene Smith
31995 Sugarbush Ln
Lake Elsinore, CA 92532-2522
363-720-040
Cottonwood Canyon Hills Community
Assn
29 Technology Dr # 100
Irvine, CA 92618-2363
363-720-041
Cottonwood Canyon Hills Community
Assn
29 Technology Dr # 100
Irvine, CA 92618-2363
363-720-042
Cottonwood Canyon Hills Community
Assn
29 Technology Dr # 100
Irvine, CA 92618-2363
363-721-001
Carlos & Liliana Hernandez
32349 Clear Water Dr
Lake Elsinore, CA 92532-2555
363-721-002
Antonio & Gloria Sandoval
32351 Clear Water Dr
Lake Elsinore, CA 92532-2555
363-721-003
Jose & Jazmin Aguilar
32353 Clear Water Dr
Lake Elsinore, CA 92532-2555
363-721-004
Rufino & Maria Jimenez
32355 Clear Water Dr
Lake Elsinore, CA 92532-2555
363-721-005
Elizabeth Padilla
32357 Clear Water Dr
Lake Elsinore, CA 92532-2555
363-721-006
Jose Romero Delgadillo & Maria
Romero Rl
32359 Clear Water Dr
Lake Elsinore, CA 92532-2555
363-721-007
Donte Ross & Briauna Martin
32361 Clear Water Dr
Lake Elsinore, CA 92532-2555
363-721-012
James & Jamie Sohn
32342 Rock Rose Dr
Lake Elsinore, CA 92532-2571
363-721-013
Jonathan S Bartlett Rev Inter Vivo
32340 Rock Rose Dr
Lake Elsinore, CA 92532-2571
363-721-014
Occupant
32338 Rock Rose Dr
Lake Elsinore, CA 92532-2571
363-721-014
Kim Tran & Tran Living Tr
46121 Sharon St
Temecula, CA 92592-3318
363-721-015
Juan Rojas
32336 Rock Rose Dr
Lake Elsinore, CA 92532-2571
363-721-016
Charles Herrera Jr & Maria Herrera
32334 Rock Rose Dr
Lake Elsinore, CA 92532-2571
363-721-017
Fred Haag Jr & Christen Haag
32332 Rock Rose Dr
Lake Elsinore, CA 92532-2571
363-721-018
Steve & Michelle Quan
32330 Rock Rose Dr
Lake Elsinore, CA 92532-2571
363-722-001
Ian & Megan Waugh
32329 Rock Rose Dr
Lake Elsinore, CA 92532-2572
363-722-002
Occupant
32331 Rock Rose Dr
Lake Elsinore, CA 92532-2572
363-722-002
Amber & George Morgan
29991 Canyon Hills Rd
Lake Elsinore, CA 92532-2578
363-722-003
Joshua & Jessica Tucker
32333 Rock Rose Dr
Lake Elsinore, CA 92532-2572
363-722-004
Karla & Daniel Gibson
32335 Rock Rose Dr
Lake Elsinore, CA 92532-2572
363-722-005
Jose & Hermelinda Sarmiento
32337 Rock Rose Dr
Lake Elsinore, CA 92532-2572
363-722-006
Gelber & Jessica Florian
32339 Rock Rose Dr
Lake Elsinore, CA 92532-2572
363-722-007
Occupant
32341 Rock Rose Dr
Lake Elsinore, CA 92532-2572
363-722-007
Navel Chikwanda & Gloria Muringayi
45763 Altree Ct
Temecula, CA 92592-3476
363-722-014
James & Ratawny Knopf
32324 Lace Oak Dr
Lake Elsinore, CA 92532-2574
363-722-015
Chauhan Pravin & Meena LivTr;
Chauhan Meena P
32322 Lace Oak Dr
Lake Elsinore, CA 92532-2574
363-722-016
Occupant
32320 Lace Oak Dr
Lake Elsinore, CA 92532-2574
363-722-016
Luma Tabikh
10 Pandale
Foothill Ranch, CA 92610-1737
363-722-017
Rafael & Matilde Barragan
32318 Lace Oak Dr
Lake Elsinore, CA 92532-2574
363-722-018
William & William Carpio
32316 Lace Oak Dr
Lake Elsinore, CA 92532-2574
363-722-019
Occupant
32314 Lace Oak Dr
Lake Elsinore, CA 92532-2574
363-722-019
Jkh Prop
314 E 3rd St
Perris, CA 92570-2225
363-722-020
David Blum & David Martinez
32312 Lace Oak Dr
Lake Elsinore, CA 92532-2574
363-722-021
Cottonwood Canyon Hills Community
Assn
29 Technology Dr # 100
Irvine, CA 92618-2363
363-723-001
Gloria & Jose Nunez
32307 Lace Oak Dr
Lake Elsinore, CA 92532-2573
363-723-002
Ramon & Ramon Cadiz
32309 Lace Oak Dr
Lake Elsinore, CA 92532-2573
363-723-003
Tatton Kilmer & Janice Searle
32311 Lace Oak Dr
Lake Elsinore, CA 92532-2573
363-723-004
Occupant
32313 Lace Oak Dr
Lake Elsinore, CA 92532-2573
363-723-004
Sterling & Hilda Hagan
2715 E Schiliro Cir
Phoenix, AZ 85032-2453
363-723-005
Norman Sumual & Winny Picanussa
32315 Lace Oak Dr
Lake Elsinore, CA 92532-2573
363-723-006
Occupant
32317 Lace Oak Dr
Lake Elsinore, CA 92532-2573
363-723-006
David & Rita Griggs
30401 Comanche Cir
Canyon Lake, CA 92587-7719
363-723-007
Eva & Sergio Perez
32319 Lace Oak Dr
Lake Elsinore, CA 92532-2573
363-723-008
Occupant
32321 Lace Oak Dr
Lake Elsinore, CA 92532-2573
363-723-008
Yidong Zhu
18 Brisbane Ct
Tustin, CA 92782-3743
365-220-001
Pardee Homes
177 E Colorado Blvd Ste 500
Pasadena, CA 91105-1989
365-220-002
Millennium Trust Co; Roupinian Edward
10880 Wilshire Blvd Ste 900
Los Angeles, CA 90024-4110
365-220-003
Steven & Kathleen Uraine
32255 Navajo Springs Rd
Wildomar, CA 92595-8298
365-220-008
Occupant
32280 Navajo Springs Rd
Wildomar, CA 92595-8298
365-220-008
Jonathan & Britney Petersen
29991 Canyon Hills Rd Ste 1709
Lake Elsinore, CA 92532-2579
365-220-009
Jose & Norma Gallegos
32145 Crooked Arrow Dr
Wildomar, CA 92595-8286
365-220-010
Jonathan & Britney Petersen
29991 Canyon Hills Rd Ste 1709
Lake Elsinore, CA 92532-2579
365-220-011
Kenneth & Sherene Thomas
32285 Crooked Arrow Dr
Wildomar, CA 92595-8287
365-220-012
Occupant
32305 Crooked Arrow Dr
Wildomar, CA 92595-8288
365-220-012
Reza Javan & Shahnaz Saeed
47 Vista Montemar
Laguna Niguel, CA 92677-7954
365-220-013
John & Claudia Willard
32425 Crooked Arrow Dr
Wildomar, CA 92595-8289
365-220-017
Occupant
32480 Crooked Arrow Dr
Wildomar, CA 92595-8289
365-220-017
Agustin & Justyna Guzman
5529 Valley Cedar Dr
El Paso, TX 79932-4309
365-220-018
Curtis & Bonnie Henry
32440 Crooked Arrow Dr
Wildomar, CA 92595-8289
365-220-019
Jason Dugan & Tobie Gonzalez
32400 Crooked Arrow Dr
Wildomar, CA 92595-8289
365-220-020
Cidney Potter & Priscilla Fierro
32300 Crooked Arrow Dr
Wildomar, CA 92595-8288
365-220-021
Occupant
32380 Crooked Arrow Dr
Wildomar, CA 92595-8156
365-220-021
Qing Xu
14758 Yorba Ct
Montclair, CA 91710-9210
365-220-022
James & Tracy Winkler
32200 Crooked Arrow Dr
Wildomar, CA 92595-8287
365-220-023
James & Tracy Winkler
32200 Crooked Arrow Dr
Wildomar, CA 92595-8287
365-220-024
Edward & Kathleen Kashak
2579 Coronado Pl
Vista, CA 92081-8715
365-220-025
Edward & Julie Hill
32050 Crooked Arrow Dr
Wildomar, CA 92595-8297
365-220-026
Coves Pacific
515 Avocado Ave
Corona Del Mar, CA 92625-1919
365-230-001
Flying Bee
29900 Porth Rd
Murrieta, CA 92563-2326
365-230-005
Tri Pointe Homes Ie Sd Inc
1250 Corona Pointe Ct Ste 600
Corona, CA 92879-1779
365-230-006
Tri Pointe Homes Ie Sd Inc
29900 Porth Rd
Murrieta, CA 92563-2326
365-230-007
Flying Bee
29900 Porth Rd
Murrieta, CA 92563-2326
365-250-012
Gary & Yolanda Endersbe
23045 Crooked Arrow Dr
Wildomar, CA 92595-8366
365-250-023
Occupant
23540 Crab Hollow Cir
Wildomar, CA 92595-8357
365-250-023
Gary & Cathleen Lancaster
Po Box 1137
Wildomar, CA 92595-1137
365-250-030
Bruce Williams
23125 Crooked Arrow Dr
Wildomar, CA 92595-8367
365-250-038
Occupant
23060 Crooked Arrow Dr
Wildomar, CA 92595-8366
365-250-038
The Chris Howe Living Trust
5219 Marina Pacifica Dr N
Long Beach, CA 90803-3800
365-250-039
Occupant
23150 Crooked Arrow Dr
Wildomar, CA 92595-8367
365-250-039
David Metcalf
Po Box 7
Wildomar, CA 92595-0007
365-250-060
Carlos Guzman
25207 Silent Creek Rd
Moreno Valley, CA 92553-6520
365-250-062
Timothy & Gerdha Louch
29991 Canyon Hills Rd Ste 1709 # 5
Ste 1709
Lake Elsinore, CA 92532-2579
365-250-063
Occupant
23190 Crooked Arrow Dr
Wildomar, CA 92595-8367
365-250-063
Timothy & Gerdha Louch
29991 Canyon Hills Rd Ste 1709 # 5
Ste 1709
Lake Elsinore, CA 92532-2579

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Gina Gonzalez, Economic Development and Legislative Affairs Director Date: January 27, 2026
Subject: Adoption of the Lake Elsinore Action Sports Industry Growth and Attraction Plan (2026-2040)
Recommendation
Adopt the Lake Elsinore Action Sports Industry Growth and Attraction Plan (2026-2040) to establish a long-range framework that positions Lake Elsinore as a premier destination and innovation hub for action sports, strengthens the City’s tourism and visitor economy, activates Lake and outdoor recreation assets, and supports workforce development and business attraction consistent with the City’s 2040 Dream Extreme Vision Plan.

Background
Lake Elsinore is uniquely positioned to grow as a regional and national hub for action sports, motorsports, and outdoor recreation, with foundational assets including the Rosetta Canyon Sports Park, Diamond Stadium, Lake Elsinore Motorsports Park (Lake Elsinore Raceway), Summerly Golf Course, Launch Pointe, Skydive Elsinore, as well as a natural terrain suitable for a wide range of action sports activities, and proximity to major Southern California action sports markets.

In alignment with the City’s long-term transformation vision, the Lake Elsinore Action Sports Industry Growth & Attraction Plan (2026–2040) was developed to guide strategic investments and partnerships that strengthen Lake Elsinore’s identity as a destination, support economic development and innovation industries, and enhance quality of life through world-class recreation amenities.

The Plan is structured to be cross-sectional and is intended to be integrated into key city plans such as the General Plan, Parks and Recreation and Lake Masterplans, Comprehensive Economic Development Strategy and Plan, Lake Management Plan, and other long-range planning efforts.
(Subject Matter 1- 4 words only. Do Not add date or page numbering)

Discussion
The Action Sports Industry Growth & Attraction Plan establishes a vision to position Lake Elsinore as an international destination and hub for action sports through targeted investments, strategic partnerships, innovation, and branding.

The Plan’s Vision Statement is:
“To establish Lake Elsinore as the Action Sports Capital of the World, and Southern California’s premier destination and innovation hub for action sports…” This Plan is intentionally designed as both:

1. A destination and tourism strategy, and

2. A business attraction and workforce strategy—supporting the development of a broader “action sports ecosystem” tied to recreation, hospitality, tech/media, training, and manufacturing.

With the inclusion of City Council Economic Development Subcommittee members, Action Sports Stakeholders, the Chamber of Commerce, City Departments and Directors, and the Development Stakeholders group, the Plan identifies several factors that uniquely position Lake Elsinore for action sports industry growth and attraction, including:
• Existing motorsports assets and a strong action sports base • Terrain and environments that support diverse sports (motocross, BMX, MTB, wakeboarding, skateboarding, skydiving, off-roading, and more) • Access to major action sports markets in Los Angeles and San Diego, placing as Lake Elsinore as the hub
• Strong regional demographics and youth-driven culture supportive of action sports growth The Plan also recommends a tie into the Dream Extreme brand, with marketing initiatives around “Action Sports HQ” and “Southern California’s Playground” to align with the City’s 2040 Dream Extreme Vision Plan.

Alignment with the City’s 2040 Dream Extreme Vision Plan The City’s 2040 Dream Extreme Vision Plan calls for Lake Elsinore to continue advancing as a bold, identity-driven community where recreation, tourism, economic opportunity, and quality of life investments work together.

The Action Sports Industry Growth & Attraction Plan complements and advances this long-range vision by:
(Subject Matter 1- 4 words only. Do Not add date or page numbering)

• Strengthening the City’s identity and brand through a signature industry and lifestyle strategy (e.g., “Action Sports HQ”).
• Advancing destination-driven economic development through events, tourism initiatives, and visitor economy strategies like a refreshed visitor website and visitor guide. • Supporting lake activation and outdoor recreation ecosystems, including a possible cable wake park, lake-based clubs, and expanded fishing and water activity programming. • Creating pathways for innovation and business attraction, including designation of land for an Action Sports Innovation Campus and opportunities for incubator/co-working space. • Expanding youth programming and workforce development pipelines, including partnerships with schools, colleges, certifications, apprenticeships, and training academies.

Through these elements, the Plan supports the Dream Extreme framework by proposing highimpact, signature initiatives that elevate the City’s identity, activate public assets, and generate sustainable economic opportunities.

Strategic Goals and Key Actions
The Plan is organized around five strategic goal areas that will guide actions and partnerships through 2040:

1. Infrastructure & Facilities Expansion
Key opportunities include upgrades to the motocross park, development of a world-class skate/BMX park, creation of mountain bike trail systems, exploration of a cable wake park, an action sports innovation campus, and a training academy concept.

2. Events & Tourism Development
Key actions include establishing a signature Action Sports Festival, restoring/expanding the Grand Prix tradition and back on Main Street, attracting touring events, supporting year-round competition circuits, and establishing a Tourism Improvement District (TBID).

3. Business Incentives & Industry Attraction
Key actions include incentives for relocation/expansion, innovation funds or seed grants, leveraging Opportunity Zone benefits, incubator/co-working opportunities, and development of a creative district near the lake.

4. Marketing & Branding
Key actions include launching a citywide action sports marketing campaign (e.g., “Ride Elsinore” / “Action Starts Here”), a city ambassador/influencer program, content development, visitor tools (guide, website, apps, digital media), and an expanded Extreme Alliance partnership strategy.

5. Youth Engagement & Workforce Development
Key actions include school partnerships, pathways with colleges/vocational programs, internships/apprenticeships, nonprofit or foundation partnerships to expand access, potential academy/charter concept, and certification programs in coaching, event management, equipment design, and media.
(Subject Matter 1- 4 words only. Do Not add date or page numbering)

To measure success, the Plan proposes performance targets by 2040, including:
• 500,000+ annual action sports visitors
• 15+ new action sports businesses
• +150% youth participation growth
• $100M+ annual regional economic impact
• 12+ major & grassroots annual events
• Growth in globally streamed/televised events and international athlete presence Through key partnerships with stakeholders and cross-sectional support of departments, these metrics provide measurable outcomes that support the City’s broader Dream Extreme vision for community identity, tourism, and economic vitality.

The Plan includes an initial implementation timeline beginning in 2026, with key first-year actions such as:
• Updating City plans and documents to incorporate this Plan • Forming a taskforce or subcommittee on Action Sports
• Beginning branding and social media rollout
• TBID feasibility and formation work
• Visitor website refresh and visitor guide development • Identifying an R&D / innovation location and coordinating land use designations Additional actions in 2027–2040 include feasibility studies, initiation of facility designs, opportunity zone tie-ins, hosting inaugural summit/festival events, business attraction targets, and long-term industry campus development.

Staff recommends Council adoption as the foundational step, with implementation pursued through future Council direction, budget development, grant opportunities, public-private partnerships, and collaboration with City departments and external stakeholders.

Fiscal Impact
While there are no direct costs associated with developing the Action Sports Industry Growth and Attraction Plan, there will be future costs associated with achieving some of the items in the plan assisting the city with growth in the action sports industry and lake activation ecosystems but will have long term benefits that are both direct and indirect that results in not only revenue generation, but job creation, action sports activation, lake activation and key ecosystems that support the goals of the city long term.

Staff will return to City Council as appropriate with fiscal impacts, implementation plans, and recommended funding strategies as projects move into feasibility and execution phases. (Subject Matter 1- 4 words only. Do Not add date or page numbering)

Attachments
Attachment 1- Lake Elsinore Sports Industry Growth and Attraction Plan (2026-2040) District 1
Mayor
Brian Tisdale
Elected 2022
District 2
Councilmember
Steve Manos
Elected 2024
District 3
Councilmember
Tim Sheridan
Elected 2022
District 4
Councilmember
Natasha Johnson
Elected 2024
District 5
Mayor Pro Tem
Bob Magee
Elected 2024

DISTRICT BOUNDARY MAP
Lake Elsinore
Action Sports Industry
Growth & Attraction Plan
(2026–2040)
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 2

LAKE ELSINORE CITY COUNCIL
District 1
Councilmember
Brian Tisdale
Elected 2022

VISION STATEMENT
To establish Lake Elsinore as the Action Sports Capital of the World, and Southern California’s premier destination and innovation hub for action sports, fostering community, tourism, and economic development through strategic investments, partnerships, and branding.

WHY LAKE ELSINORE?
Lake Elsinore already has a strong action sports foundation:
• Home to Lake Elsinore Motorsports Park
(Lake Elsinore Raceway)
• Natural terrain ideal for motocross, BMX,
mountain biking, wakeboarding, water
skiing, golf, wake surfing, tubing,
skateboarding, skydiving, off-roading, and
hang gliding to name a few…
• Proximity to action sports hubs like San
Diego and Los Angeles
• Large youth population and lifestyle-driven
culture (In a 2.5 hour radius with Lake
Elsinore as the center- the city has the best
demographics in the world for action sports
enthusiasts and investments in the
industry)
Now is the time to double down and do a marketing campaign for the city as:
“Lake Elsinore: Action Sports HQ” and “Southern California’s Playground” District 2
Councilmember
Steve Manos
Elected 2024
District 3
Mayor Pro Tem
Tim Sheridan
Elected 2022
District 4
Councilmember
Micheal Carroll
Appointed 2025
District 5
Mayor
Robert “Bob” Magee
Elected 2024
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 3

STRATEGIC GOALS
(Incorporate into city’s General Plan, Dream Extreme 2040 Plan, Comprehensive Economic Development Strategy and Plan, and City’s Parks and Recreation Masterplan, and other key plans for cross-sectional collaboration and development among multiple city departments, chamber and other key stakeholders)

1. Infrastructure & Facilities Expansion
Key Actions:
• Upgrade and modernize Lake Elsinore Motorcross Park: Improve safety, amenities, and track quality. (Encourage and support investments in the final location and destination for the track). • Develop a world-class skatepark and BMX park: Target an X-Games-level destination with event-hosting capacity. Add to Parks and Recreation Masterplan.
• Pursue multi-use design: make each venue modular to host both community use and pro-level events (i.e., flexible skatepark with competition overlays)
• Add a Mountain Bike Trail System in surrounding hills with gravity-fed downhill trails. • Explore a Cable Wake Park on Lake Elsinore or at a new man-made lake (public-private partnership). • Designate land for an Action Sports Innovation Campus for R&D, prototyping, and training, and develop an opportunity zone for the development.
• Action Sports Training Academy: multi-sport facility with coaching, biomechanics lab, recovery center, and film/media training rooms (to attract pros + youth). • Wavegarden/Surf Lake or Island: to capture surf/skate crossover market.

2. Events & Tourism Development
Key Actions:
• Launch the Lake Elsinore Action Sports Festival: Include motocross, BMX, skateboarding, live music, and a vendor village. Develop into a signature global event (like Coachella for action sports). Can tie into concerts, film premieres, and gear expos. (City hosted) • Bring back the Grand Prix- paying homage to the city’s history- and growing the event with other activities and festival- eventually adding UTVs, and other opportunities to grow the event, etc- a community revival.
• Attract touring events: X-Games qualifiers, Red Bull events, Monster Energy showcases, USASA, OffRoad Festival- with Martelli Bros, etc. • Support amateur competitions and youth training camps year-round. • Create a refreshed Visit Lake Elsinore Website and annual Visitor Guide. • Create and establish a Tourism Improvement District (TBID). 2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 4 • Create a standalone Tourism Board for Lake Elsinore in part of the TBID, and convey the Visitors Guide and Visitors Website to new standalone Bureau. Do feasibility study for the TBID and implementation. • Partner with local hotels and tourism boards for action sports vacation packages, and actions sport operators in Lake Elsinore and expand the Extreme Alliance 2.0 (partnerships among action sports venues and amenities in Lake Elsinore).
• Encourage Yachting Clubs, and lake activation clubs and groups for the Lake. Partner with stakeholder groups, such as fishing and watersport companies, and manufacturers to support and sponsor events and fishing reports.
• Work with Recreation Department, the Alliance 2.0, and establish year-round competition circuit: winter → MTB downhill; spring → wake/water sports; summer → motocross; fall → skate/BMX. Creates constant tourism flow.
• Enhance and grow our existing Fishing Derbies for Lake Elsinore. (Recreation Department) • Action Sports added to an Lake Elsinore Film Festival / Media Awards → position as HQ for storytelling & content creation. Create a Film Familiarization Tour, and expand to a future Film LE Festival. • Include esports tie-in: host gaming competitions tied to motocross/BMX/Skate games, drawing younger digital audiences. Ie Computer sports, drone sports, etc. Work with school district to create feeder clubs, and tie into pathways at college level.
• Develop hack-a-thons- and partner with college and Chamber of Commerce on events. • Work with various city departments and partnerships to re-establish Competition Channel→ National Jet Boat Association.

3. Business Incentives & Industry Attraction
Key Actions:
• Offer tax incentives (Property or Fee waivers, etc) or rebates for companies in the action sports sector relocating or expanding in Lake Elsinore (gear manufacturers, startups, training centers). • Innovation Fund / Seed Grants: small grants or low-interest loans for startups in gear, media, or sports tech.
• Promote Opportunity Zone benefits for new developments tied to action sports. • Establish a city-supported incubator or co-working space focused on action sports gear, media, and design.
• Develop a Creative District near the lake with cafes, gear shops, and small studios for action sports entrepreneurs and media creators.
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 5

4. Marketing & Branding
Key Actions:
• Launch a branded campaign: “Ride Elsinore” or “Action Starts Here” across digital and physical media- to tie into the Lake Elsinore: Action Sports HQ and Southern California’s Playground • Partner with pro athletes and influencers from motocross, skate, BMX, and MTB to become City Ambassadors.
• Develop an Extreme Ambassador Program- partnership with Visit Lake Elsinore and Recreation /Economic Development that shares Lake Elsinore information, and “welcome chuck wagon” concept for visitors along shoreline, the coves, summerly, motocross, etc. friendly and welcoming to Lake Elsinore- in partnership with the Lake Elsinore Chamber of Commerce. • Develop content with these ambassadors showcasing how Lake Elsinore is “their playground.” • Develop a fishing report on key details of the lake, and develop a extreme sports podcast with guests, discussing conditions and activities, events, with key guests for enthusiast alike. • Build a compelling online presence (website + socials) showcasing action sports lifestyle, facilities, trails, and opportunities tied to the Visitors Bureau or Visit Lake Elsinore website. • Use drone footage and athlete content to showcase the region’s natural playground. • Invest in immersive experiences: AR/VR content to “ride the lake” or “jump the motocross track” virtually before visiting.
• Build mobile-first visitor app: maps of trails, event schedules, gear rentals, hotel deals or tie into Visit Lake Elsinore once established.
• Create a Lake Elsinore Athlete Residency Program: house and promote 5–10 high-profile athletes each year as permanent ambassadors.
• Establish the “Extreme Alliance 2.0” and develop vacation packages for the Casino, Skydive, the Lake Elsinore Storm, Launch Pointe, Summerly Golf Course, and Pins and Pockets, to name only a few attractions.

5. Youth Engagement & Workforce Development
Key Actions:
• Partner with local schools to create action sports clubs and programs such as rowing or crew, and other water sports.
• Build partnerships with colleges and vocational schools for sports media, product design, and engineering pathways.
• Offer internships and apprenticeships at gear companies, media studios, and training facilities. 2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 6 • Establish a nonprofit youth foundation to provide access to sports gear and training for underserved communities or partner with existing ones to provide access to gear an training • Work with local chamber and school district, and charters to create lake programing for students • Action Sports Charter School / Academy: combine academics with training (similar to IMG Academy for traditional sports).
• Develop certifications in coaching, event management, equipment design, and media, positioning Lake Elsinore as the training ground for future professionals. • Create scholarship programs for underserved youth to compete nationally/internationally under the “Lake Elsinore” banner.
• Develop process for tracking statistics for international athletes training or residing in city, utilizing stakeholders in the city.

KEY PERFORMANCE METRICS (KPIs)
Lake Elsinore already has a strong action sports foundation:

Metric Target by 2040
Annual Visitors for Action Sports 500,000+
New Action Sports Businesses 15+
Youth Participation Growth +150%
Regional Economic Impact $100M+ annually
Social Media Reach (City Branding) 100k followers combined Number of Annual Events 12+ major & grassroots (City and Private Events) Events Televised/Streamed Globally 10% increase
International Athletes training or residing in
Lake Elsinore 25 or more
Workforce Development 10-20 students graduating from Action Sports related programming from Lake Elsinore
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 7

POTENTIAL PARTNERS
• Red Bull, Monster Energy, GoPro, Vans, Fox Racing, Troy Lee Designs, Mason Motorsports, DRD Motorsports, etc.
• Temecula Valley Entrepreneurs Exchange (TVE2)
• Diamond Stadium (crossover event hosting)
• California Parks & Recreation Society / Outdoor Access organizations • Recreation , City of Lake Elsinore
• Lake Elsinore Motorsports Park – Lake Elsinore Raceway • Local builders and skatepark companies (Spohn Ranch, Dreamland Skateparks, Grindline ) • Surf Tech Companies (wavegarden, etc.)
• Tech/media partners (GoPro, Meta, Youtube, ESPN)
• Esports brands (EA Sports, Activision, Twitch)
• Tourism crossover with Temecula Valley Wine County- Visit Temecula (if permitted not impacting TOT and PBID in Lake Elsinore), Visit California, SoCal Adventure Tourism boards, etc. • Jet Boat and Motorsports Companies and stakeholders

IMPLEMENTATION TIMELINE
2026
• Update city plans and documents to incorporate the Action Sports Industry Growth and Attraction Plan (Parks and Lake Master Plans, Economic Development Strategy and Plans, Etc.) • Form Taskforce, or subcommittee on Action Sports
• Begin branding & social media rollout
• Create feasibility and TBID formation
• Develop Visit Lake Elsinore refreshed website and visitors guide • Apply for grants & seek private investors
• Identify R &D Location
o Work with Community Development on land use and designations in General Plan 2027
• Conduct feasibility studies or market analysis for attraction efforts • Kick off design of skate/BMX park
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 8 • Develop Opportunity Zone and tie into General Plan
• Host inaugural Action Sports Summit Festival with partners and in City • Complete second major facility (e.g., skatepark or mountain bike trail system) aside from Rosetta Sports Park
• Attract 5+ businesses to relocate
2028–2040
• Full-scale events and tourism boom
• Industry campus + R&D facilities open
• International recognition as Action Sports Destination 2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 9

ENVIRONMENTAL QUALITY
Lake, water quality, water, energy, utilities, air, climate, environmental regulations, and waste management

PUBLIC SAFETY
Law enforcement, fire and life safety, emergency communications, emergency services, disaster preparedness, nuisance abatement, and animal control services

HOUSING AND COMMUNITY DEVELOPMENT
Land use, annexation, housing, building standards, redevelopment, mobile homes, sign regulations and CDBG.

THANK YOU TO THE CITY OF LAKE ELSINORE CITY STAFF AND STAKEHOLDERS FOR YOUR COLLABORATION IN THE DEVELOPMENT OF THE ACTION SPORTS HQ PLAN:

Lake Elsinore City Council
Jason Simpson, City Manager
Shannon Buckley, Assistant City Manager
Gina Gonzalez, Director of Economic Development and Legislative Affairs Damaris Abraham, Community Development Director
Yu Yagai, City Engineer
Johnathan Skinner, Community Services Director
Beau Davis, Assistant Community Services Director
Adam Gufarotti, Assistant Director of Lake and Community Operations Nancy Huynh, Principal Planner
Traci Williams, Fire Marshal
Kim Cousins, Lake Elsinore Valley Chamber of Commerce/Visitors Bureau

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Gina Gonzalez, Economic Development and Legislative Affairs Director Date: January 27, 2026
Subject: Adoption of the Lake Elsinore Action Sports Industry Growth and Attraction Plan (2026-2040)
Recommendation
Adopt the Lake Elsinore Action Sports Industry Growth and Attraction Plan (2026-2040) to establish a long-range framework that positions Lake Elsinore as a premier destination and innovation hub for action sports, strengthens the City’s tourism and visitor economy, activates Lake and outdoor recreation assets, and supports workforce development and business attraction consistent with the City’s 2040 Dream Extreme Vision Plan.

Background
Lake Elsinore is uniquely positioned to grow as a regional and national hub for action sports, motorsports, and outdoor recreation, with foundational assets including the Rosetta Canyon Sports Park, Diamond Stadium, Lake Elsinore Motorsports Park (Lake Elsinore Raceway), Summerly Golf Course, Launch Pointe, Skydive Elsinore, as well as a natural terrain suitable for a wide range of action sports activities, and proximity to major Southern California action sports markets.

In alignment with the City’s long-term transformation vision, the Lake Elsinore Action Sports Industry Growth & Attraction Plan (2026–2040) was developed to guide strategic investments and partnerships that strengthen Lake Elsinore’s identity as a destination, support economic development and innovation industries, and enhance quality of life through world-class recreation amenities.

The Plan is structured to be cross-sectional and is intended to be integrated into key city plans such as the General Plan, Parks and Recreation and Lake Masterplans, Comprehensive Economic Development Strategy and Plan, Lake Management Plan, and other long-range planning efforts.
(Subject Matter 1- 4 words only. Do Not add date or page numbering)

Discussion
The Action Sports Industry Growth & Attraction Plan establishes a vision to position Lake Elsinore as an international destination and hub for action sports through targeted investments, strategic partnerships, innovation, and branding.

The Plan’s Vision Statement is:
“To establish Lake Elsinore as the Action Sports Capital of the World, and Southern California’s premier destination and innovation hub for action sports…” This Plan is intentionally designed as both:

1. A destination and tourism strategy, and

2. A business attraction and workforce strategy—supporting the development of a broader “action sports ecosystem” tied to recreation, hospitality, tech/media, training, and manufacturing.

With the inclusion of City Council Economic Development Subcommittee members, Action Sports Stakeholders, the Chamber of Commerce, City Departments and Directors, and the Development Stakeholders group, the Plan identifies several factors that uniquely position Lake Elsinore for action sports industry growth and attraction, including:
• Existing motorsports assets and a strong action sports base • Terrain and environments that support diverse sports (motocross, BMX, MTB, wakeboarding, skateboarding, skydiving, off-roading, and more) • Access to major action sports markets in Los Angeles and San Diego, placing as Lake Elsinore as the hub
• Strong regional demographics and youth-driven culture supportive of action sports growth The Plan also recommends a tie into the Dream Extreme brand, with marketing initiatives around “Action Sports HQ” and “Southern California’s Playground” to align with the City’s 2040 Dream Extreme Vision Plan.

Alignment with the City’s 2040 Dream Extreme Vision Plan The City’s 2040 Dream Extreme Vision Plan calls for Lake Elsinore to continue advancing as a bold, identity-driven community where recreation, tourism, economic opportunity, and quality of life investments work together.

The Action Sports Industry Growth & Attraction Plan complements and advances this long-range vision by:
(Subject Matter 1- 4 words only. Do Not add date or page numbering)

• Strengthening the City’s identity and brand through a signature industry and lifestyle strategy (e.g., “Action Sports HQ”).
• Advancing destination-driven economic development through events, tourism initiatives, and visitor economy strategies like a refreshed visitor website and visitor guide. • Supporting lake activation and outdoor recreation ecosystems, including a possible cable wake park, lake-based clubs, and expanded fishing and water activity programming. • Creating pathways for innovation and business attraction, including designation of land for an Action Sports Innovation Campus and opportunities for incubator/co-working space. • Expanding youth programming and workforce development pipelines, including partnerships with schools, colleges, certifications, apprenticeships, and training academies.

Through these elements, the Plan supports the Dream Extreme framework by proposing highimpact, signature initiatives that elevate the City’s identity, activate public assets, and generate sustainable economic opportunities.

Strategic Goals and Key Actions
The Plan is organized around five strategic goal areas that will guide actions and partnerships through 2040:

1. Infrastructure & Facilities Expansion
Key opportunities include upgrades to the motocross park, development of a world-class skate/BMX park, creation of mountain bike trail systems, exploration of a cable wake park, an action sports innovation campus, and a training academy concept.

2. Events & Tourism Development
Key actions include establishing a signature Action Sports Festival, restoring/expanding the Grand Prix tradition and back on Main Street, attracting touring events, supporting year-round competition circuits, and establishing a Tourism Improvement District (TBID).

3. Business Incentives & Industry Attraction
Key actions include incentives for relocation/expansion, innovation funds or seed grants, leveraging Opportunity Zone benefits, incubator/co-working opportunities, and development of a creative district near the lake.

4. Marketing & Branding
Key actions include launching a citywide action sports marketing campaign (e.g., “Ride Elsinore” / “Action Starts Here”), a city ambassador/influencer program, content development, visitor tools (guide, website, apps, digital media), and an expanded Extreme Alliance partnership strategy.

5. Youth Engagement & Workforce Development
Key actions include school partnerships, pathways with colleges/vocational programs, internships/apprenticeships, nonprofit or foundation partnerships to expand access, potential academy/charter concept, and certification programs in coaching, event management, equipment design, and media.
(Subject Matter 1- 4 words only. Do Not add date or page numbering)

To measure success, the Plan proposes performance targets by 2040, including:
• 500,000+ annual action sports visitors
• 15+ new action sports businesses
• +150% youth participation growth
• $100M+ annual regional economic impact
• 12+ major & grassroots annual events
• Growth in globally streamed/televised events and international athlete presence Through key partnerships with stakeholders and cross-sectional support of departments, these metrics provide measurable outcomes that support the City’s broader Dream Extreme vision for community identity, tourism, and economic vitality.

The Plan includes an initial implementation timeline beginning in 2026, with key first-year actions such as:
• Updating City plans and documents to incorporate this Plan • Forming a taskforce or subcommittee on Action Sports
• Beginning branding and social media rollout
• TBID feasibility and formation work
• Visitor website refresh and visitor guide development • Identifying an R&D / innovation location and coordinating land use designations Additional actions in 2027–2040 include feasibility studies, initiation of facility designs, opportunity zone tie-ins, hosting inaugural summit/festival events, business attraction targets, and long-term industry campus development.

Staff recommends Council adoption as the foundational step, with implementation pursued through future Council direction, budget development, grant opportunities, public-private partnerships, and collaboration with City departments and external stakeholders.

Fiscal Impact
While there are no direct costs associated with developing the Action Sports Industry Growth and Attraction Plan, there will be future costs associated with achieving some of the items in the plan assisting the city with growth in the action sports industry and lake activation ecosystems but will have long term benefits that are both direct and indirect that results in not only revenue generation, but job creation, action sports activation, lake activation and key ecosystems that support the goals of the city long term.

Staff will return to City Council as appropriate with fiscal impacts, implementation plans, and recommended funding strategies as projects move into feasibility and execution phases. (Subject Matter 1- 4 words only. Do Not add date or page numbering)

Attachments
Attachment 1- Lake Elsinore Sports Industry Growth and Attraction Plan (2026-2040) District 1
Mayor
Brian Tisdale
Elected 2022
District 2
Councilmember
Steve Manos
Elected 2024
District 3
Councilmember
Tim Sheridan
Elected 2022
District 4
Councilmember
Natasha Johnson
Elected 2024
District 5
Mayor Pro Tem
Bob Magee
Elected 2024

DISTRICT BOUNDARY MAP
Lake Elsinore
Action Sports Industry
Growth & Attraction Plan
(2026–2040)
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 2

LAKE ELSINORE CITY COUNCIL
District 1
Councilmember
Brian Tisdale
Elected 2022

VISION STATEMENT
To establish Lake Elsinore as the Action Sports Capital of the World, and Southern California’s premier destination and innovation hub for action sports, fostering community, tourism, and economic development through strategic investments, partnerships, and branding.

WHY LAKE ELSINORE?
Lake Elsinore already has a strong action sports foundation:
• Home to Lake Elsinore Motorsports Park
(Lake Elsinore Raceway)
• Natural terrain ideal for motocross, BMX,
mountain biking, wakeboarding, water
skiing, golf, wake surfing, tubing,
skateboarding, skydiving, off-roading, and
hang gliding to name a few…
• Proximity to action sports hubs like San
Diego and Los Angeles
• Large youth population and lifestyle-driven
culture (In a 2.5 hour radius with Lake
Elsinore as the center- the city has the best
demographics in the world for action sports
enthusiasts and investments in the
industry)
Now is the time to double down and do a marketing campaign for the city as:
“Lake Elsinore: Action Sports HQ” and “Southern California’s Playground” District 2
Councilmember
Steve Manos
Elected 2024
District 3
Mayor Pro Tem
Tim Sheridan
Elected 2022
District 4
Councilmember
Micheal Carroll
Appointed 2025
District 5
Mayor
Robert “Bob” Magee
Elected 2024
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 3

STRATEGIC GOALS
(Incorporate into city’s General Plan, Dream Extreme 2040 Plan, Comprehensive Economic Development Strategy and Plan, and City’s Parks and Recreation Masterplan, and other key plans for cross-sectional collaboration and development among multiple city departments, chamber and other key stakeholders)

1. Infrastructure & Facilities Expansion
Key Actions:
• Upgrade and modernize Lake Elsinore Motorcross Park: Improve safety, amenities, and track quality. (Encourage and support investments in the final location and destination for the track). • Develop a world-class skatepark and BMX park: Target an X-Games-level destination with event-hosting capacity. Add to Parks and Recreation Masterplan.
• Pursue multi-use design: make each venue modular to host both community use and pro-level events (i.e., flexible skatepark with competition overlays)
• Add a Mountain Bike Trail System in surrounding hills with gravity-fed downhill trails. • Explore a Cable Wake Park on Lake Elsinore or at a new man-made lake (public-private partnership). • Designate land for an Action Sports Innovation Campus for R&D, prototyping, and training, and develop an opportunity zone for the development.
• Action Sports Training Academy: multi-sport facility with coaching, biomechanics lab, recovery center, and film/media training rooms (to attract pros + youth). • Wavegarden/Surf Lake or Island: to capture surf/skate crossover market.

2. Events & Tourism Development
Key Actions:
• Launch the Lake Elsinore Action Sports Festival: Include motocross, BMX, skateboarding, live music, and a vendor village. Develop into a signature global event (like Coachella for action sports). Can tie into concerts, film premieres, and gear expos. (City hosted) • Bring back the Grand Prix- paying homage to the city’s history- and growing the event with other activities and festival- eventually adding UTVs, and other opportunities to grow the event, etc- a community revival.
• Attract touring events: X-Games qualifiers, Red Bull events, Monster Energy showcases, USASA, OffRoad Festival- with Martelli Bros, etc. • Support amateur competitions and youth training camps year-round. • Create a refreshed Visit Lake Elsinore Website and annual Visitor Guide. • Create and establish a Tourism Improvement District (TBID). 2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 4 • Create a standalone Tourism Board for Lake Elsinore in part of the TBID, and convey the Visitors Guide and Visitors Website to new standalone Bureau. Do feasibility study for the TBID and implementation. • Partner with local hotels and tourism boards for action sports vacation packages, and actions sport operators in Lake Elsinore and expand the Extreme Alliance 2.0 (partnerships among action sports venues and amenities in Lake Elsinore).
• Encourage Yachting Clubs, and lake activation clubs and groups for the Lake. Partner with stakeholder groups, such as fishing and watersport companies, and manufacturers to support and sponsor events and fishing reports.
• Work with Recreation Department, the Alliance 2.0, and establish year-round competition circuit: winter → MTB downhill; spring → wake/water sports; summer → motocross; fall → skate/BMX. Creates constant tourism flow.
• Enhance and grow our existing Fishing Derbies for Lake Elsinore. (Recreation Department) • Action Sports added to an Lake Elsinore Film Festival / Media Awards → position as HQ for storytelling & content creation. Create a Film Familiarization Tour, and expand to a future Film LE Festival. • Include esports tie-in: host gaming competitions tied to motocross/BMX/Skate games, drawing younger digital audiences. Ie Computer sports, drone sports, etc. Work with school district to create feeder clubs, and tie into pathways at college level.
• Develop hack-a-thons- and partner with college and Chamber of Commerce on events. • Work with various city departments and partnerships to re-establish Competition Channel→ National Jet Boat Association.

3. Business Incentives & Industry Attraction
Key Actions:
• Offer tax incentives (Property or Fee waivers, etc) or rebates for companies in the action sports sector relocating or expanding in Lake Elsinore (gear manufacturers, startups, training centers). • Innovation Fund / Seed Grants: small grants or low-interest loans for startups in gear, media, or sports tech.
• Promote Opportunity Zone benefits for new developments tied to action sports. • Establish a city-supported incubator or co-working space focused on action sports gear, media, and design.
• Develop a Creative District near the lake with cafes, gear shops, and small studios for action sports entrepreneurs and media creators.
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 5

4. Marketing & Branding
Key Actions:
• Launch a branded campaign: “Ride Elsinore” or “Action Starts Here” across digital and physical media- to tie into the Lake Elsinore: Action Sports HQ and Southern California’s Playground • Partner with pro athletes and influencers from motocross, skate, BMX, and MTB to become City Ambassadors.
• Develop an Extreme Ambassador Program- partnership with Visit Lake Elsinore and Recreation /Economic Development that shares Lake Elsinore information, and “welcome chuck wagon” concept for visitors along shoreline, the coves, summerly, motocross, etc. friendly and welcoming to Lake Elsinore- in partnership with the Lake Elsinore Chamber of Commerce. • Develop content with these ambassadors showcasing how Lake Elsinore is “their playground.” • Develop a fishing report on key details of the lake, and develop a extreme sports podcast with guests, discussing conditions and activities, events, with key guests for enthusiast alike. • Build a compelling online presence (website + socials) showcasing action sports lifestyle, facilities, trails, and opportunities tied to the Visitors Bureau or Visit Lake Elsinore website. • Use drone footage and athlete content to showcase the region’s natural playground. • Invest in immersive experiences: AR/VR content to “ride the lake” or “jump the motocross track” virtually before visiting.
• Build mobile-first visitor app: maps of trails, event schedules, gear rentals, hotel deals or tie into Visit Lake Elsinore once established.
• Create a Lake Elsinore Athlete Residency Program: house and promote 5–10 high-profile athletes each year as permanent ambassadors.
• Establish the “Extreme Alliance 2.0” and develop vacation packages for the Casino, Skydive, the Lake Elsinore Storm, Launch Pointe, Summerly Golf Course, and Pins and Pockets, to name only a few attractions.

5. Youth Engagement & Workforce Development
Key Actions:
• Partner with local schools to create action sports clubs and programs such as rowing or crew, and other water sports.
• Build partnerships with colleges and vocational schools for sports media, product design, and engineering pathways.
• Offer internships and apprenticeships at gear companies, media studios, and training facilities. 2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 6 • Establish a nonprofit youth foundation to provide access to sports gear and training for underserved communities or partner with existing ones to provide access to gear an training • Work with local chamber and school district, and charters to create lake programing for students • Action Sports Charter School / Academy: combine academics with training (similar to IMG Academy for traditional sports).
• Develop certifications in coaching, event management, equipment design, and media, positioning Lake Elsinore as the training ground for future professionals. • Create scholarship programs for underserved youth to compete nationally/internationally under the “Lake Elsinore” banner.
• Develop process for tracking statistics for international athletes training or residing in city, utilizing stakeholders in the city.

KEY PERFORMANCE METRICS (KPIs)
Lake Elsinore already has a strong action sports foundation:

Metric Target by 2040
Annual Visitors for Action Sports 500,000+
New Action Sports Businesses 15+
Youth Participation Growth +150%
Regional Economic Impact $100M+ annually
Social Media Reach (City Branding) 100k followers combined Number of Annual Events 12+ major & grassroots (City and Private Events) Events Televised/Streamed Globally 10% increase
International Athletes training or residing in
Lake Elsinore 25 or more
Workforce Development 10-20 students graduating from Action Sports related programming from Lake Elsinore
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 7

POTENTIAL PARTNERS
• Red Bull, Monster Energy, GoPro, Vans, Fox Racing, Troy Lee Designs, Mason Motorsports, DRD Motorsports, etc.
• Temecula Valley Entrepreneurs Exchange (TVE2)
• Diamond Stadium (crossover event hosting)
• California Parks & Recreation Society / Outdoor Access organizations • Recreation , City of Lake Elsinore
• Lake Elsinore Motorsports Park – Lake Elsinore Raceway • Local builders and skatepark companies (Spohn Ranch, Dreamland Skateparks, Grindline ) • Surf Tech Companies (wavegarden, etc.)
• Tech/media partners (GoPro, Meta, Youtube, ESPN)
• Esports brands (EA Sports, Activision, Twitch)
• Tourism crossover with Temecula Valley Wine County- Visit Temecula (if permitted not impacting TOT and PBID in Lake Elsinore), Visit California, SoCal Adventure Tourism boards, etc. • Jet Boat and Motorsports Companies and stakeholders

IMPLEMENTATION TIMELINE
2026
• Update city plans and documents to incorporate the Action Sports Industry Growth and Attraction Plan (Parks and Lake Master Plans, Economic Development Strategy and Plans, Etc.) • Form Taskforce, or subcommittee on Action Sports
• Begin branding & social media rollout
• Create feasibility and TBID formation
• Develop Visit Lake Elsinore refreshed website and visitors guide • Apply for grants & seek private investors
• Identify R &D Location
o Work with Community Development on land use and designations in General Plan 2027
• Conduct feasibility studies or market analysis for attraction efforts • Kick off design of skate/BMX park
2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 8 • Develop Opportunity Zone and tie into General Plan
• Host inaugural Action Sports Summit Festival with partners and in City • Complete second major facility (e.g., skatepark or mountain bike trail system) aside from Rosetta Sports Park
• Attract 5+ businesses to relocate
2028–2040
• Full-scale events and tourism boom
• Industry campus + R&D facilities open
• International recognition as Action Sports Destination 2026-2040 Lake Elsinore Action Sports Industry Growth & Attraction Plan 9

ENVIRONMENTAL QUALITY
Lake, water quality, water, energy, utilities, air, climate, environmental regulations, and waste management

PUBLIC SAFETY
Law enforcement, fire and life safety, emergency communications, emergency services, disaster preparedness, nuisance abatement, and animal control services

HOUSING AND COMMUNITY DEVELOPMENT
Land use, annexation, housing, building standards, redevelopment, mobile homes, sign regulations and CDBG.

THANK YOU TO THE CITY OF LAKE ELSINORE CITY STAFF AND STAKEHOLDERS FOR YOUR COLLABORATION IN THE DEVELOPMENT OF THE ACTION SPORTS HQ PLAN:

Lake Elsinore City Council
Jason Simpson, City Manager
Shannon Buckley, Assistant City Manager
Gina Gonzalez, Director of Economic Development and Legislative Affairs Damaris Abraham, Community Development Director
Yu Yagai, City Engineer
Johnathan Skinner, Community Services Director
Beau Davis, Assistant Community Services Director
Adam Gufarotti, Assistant Director of Lake and Community Operations Nancy Huynh, Principal Planner
Traci Williams, Fire Marshal
Kim Cousins, Lake Elsinore Valley Chamber of Commerce/Visitors Bureau