Agenda packet — Lake Elsinore City Council, January 27, 2026 (part 1 of 3)

City of Lake Elsinore Meeting Date:

City Council Meeting January 27, 2026
Agenda
Cultural Center Meeting Time:
183 N. Main Street Closed Session: 05:00 PM
Lake Elsinore, CA 92530 Open Session: 7:00 PM
Mayor Magee
Mayor Pro Tem Sheridan
Council Member Tisdale
Council Member Manos
Council Member Carroll
The City of Lake Elsinore appreciates your attendance. Citizens’ comments, input and interests provide the City Council with valuable information regarding issues of the community.

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

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

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

Accessibility Accommodations
In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the City Clerk’s Department at (951) 674- 3124, Option 4, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility.

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

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

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

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

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

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

City Council Agenda January 27, 2026
City of Lake Elsinore Page 2

CALL TO ORDER

ROLL CALL

PUBLIC COMMENTS ON CLOSED SESSION ITEMS

CLOSED SESSION

CONFERENCE WITH LEGAL COUNSEL--EXISTING
LITIGATION(Paragraph (1) of subdivision (d) of Section 54956.9)Name of case: City of Lake Elsinore v Harry E. Mitchell, Debra Mitchell, and Administrator of The Estate Of Harry Edward Mitchell; And All Persons Unknown Claiming An Interest In The Property Commonly Described As 164 Main Street, Lake Elsinore, California (Case Number:

CVRI2102535)
CONFERENCE WITH REAL PROPERTY NEGOTIATORS(Gov’t Code
Section 54956.8) Property: APN: 379-180-002Agency negotiator: City Manager SimpsonNegotiating parties: City of Lake Elsinore and Mark GoreUnder negotiation: Price and terms of payment

PUBLIC EMPLOYEE PERFORMANCE EVALUATION/CONFERENCE
WITH LABOR NEGOTIATOR (Gov’t Code § § 54957(B); 54957.6) Unrepresented Employee: City Attorney
RECESS
The City Council will recess to Closed Session.

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

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

PLEDGE OF ALLEGIANCE

ROLL CALL

CLOSED SESSION REPORT

1. 2.

3. 4.

4.1 4.2

4.3 5.

6. 7.

8. 9.

City Council Agenda January 27, 2026
City of Lake Elsinore Page 3

PRESENTATIONS/CEREMONIALS
Recognition of Sergeant Richard A. Vargas Page 9
Recommendation:

Present a Certificate of Recognition to Sergeant Richard A. Vargas.

Business in Action Monthly Spotlight – Mason Motorsports Page 11 Recommendation:

Recognize Mason Motorsports as the City of Lake Elsinore’s Business in Action Monthly Spotlight for January 2026.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
(Please read & complete a Request to Address the City Council/Successor Agency form prior to the start of the meeting and turn it in to the City Clerk/Clerk. The Mayor/Chair or City Clerk/Clerk will call on you to speak.)

CITY COUNCIL CONSENT CALENDAR
Minutes of the Regular City Council Meeting of January 13, 2026 Page 13 Recommendation:

Approve the Minutes.

CC Warrant Report dated December 22, 2025 to December 28, 2025 Page 25 Recommendation:

Receive and file.

CC Warrant Report dated December 29, 2025 to January 04, 2026 Page 28 Recommendation:

Receive and file.

CC Warrant Report dated January 05, 2026 to January 11, 2026 Page 31 Recommendation:

Receive and file.

CC Investment Report for December 2025 Page 37
Recommendation:

Receive and file the Investment Report for December 2025.

10. 10.1

10.2 11.

12. 12.1

12.2 12.3

12.4 12.5
City Council Agenda January 27, 2026
City of Lake Elsinore Page 4
Reappointment to the Measure Z Citizens Committee Page 78 Recommendation:

Reappoint Jimmy Gist (District 5) to serve on the Lake Elsinore Measure Z Citizens Committee for a term expiring December 31, 2027.

Right of Entry Agreement and License between the City of Lake Elsinore and the Lake Elsinore Yacht Club

Page 87 ends

Recommendation:

Approve and authorize the City Manager to execute a Right of Entry Agreement and License with the Lake Elsinore Yacht Club for the use of City property to operate the Lake Elsinore Yacht Club, in such final form as approved by the City Attorney.

Change Order No. 1 to the Agreement with Triton Technology Solutions, Inc. for the design, purchase, and installation of the audiovisual presentation and production and broadcast system in the New City Hall Project (CIP Project No. Z20006)

Page 104 ends

Recommendation:

Approve and authorize the City Manager to execute Change Order No.1 to the Public Works’ Construction Agreement with Triton Technology Solutions Inc. in an amount not to exceed $206,180.87 for the audio-visual presentation and production and broadcast system for the new City Hall Project (CIP Project No. Z20006).

Agreement with Endresen Development, Inc. for the Design, Custom Fabrication, Installation of Millwork, Doors and Trim in the New City Hall Project (CIP Project No. Z20006)

Page 127 ends

Recommendation:

Approve and authorize the City Manager to execute a Public Work’s Construction Agreement with Endresen Development, Inc. for the design, custom fabrication and installation of millwork, doors, and trim in the New City Hall Project (CIP Project No.

Z20006) in an amount not to exceed $250,000.00 in such final form as approved by the City Attorney.

Agreement for Clearwater Pipeline Inc. for the water and sewer connection in the new City Hall Project (CIP Project No. Z20006).

Page 144 ends

Recommendation:

Approve and authorize the City Manager to execute a Public Work’s Construction Agreement with Clearwater Pipeline Inc. for the water and sewer connection in the new City Hall Project (CIP Project No. Z20006) in an amount not to exceed $257,212.00 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 $25,721.00; and authorize the City Clerk to record the Notice of Completion once work is completed.

12.6 12.7

12.8 12.9

12.10 City Council Agenda January 27, 2026
City of Lake Elsinore Page 5
Agreement with SC Fire Suppression, Inc. for the Purchase and Installation of the Server Room Clean Agent Fire Suppression and Detection Systems for the New City Hall (CIP Project No. Z20006)

Page 159 ends

Recommendation:

Approve and authorize the City Manager to execute a Public Works Construction Agreement with SC Fire Suppression, Inc. in an amount not to exceed $160,955.00 for the purchase and installation of the clean agent fire suppression and detection systems in the new city hall server rooms in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed a 10% contingency amount of $16,950.00; and authorize the City Clerk to record the Notice of Completion once work is completed.

Agreement with STK Architecture, Inc. for Architecture Services for Conceptual Development for the City Amphitheater (CIP Project No.

Z20039)

Page 175 ends

Recommendation:

Approve and authorize the City Manager to execute a Professional Services Agreement with STK Architecture, Inc. for architecture services related to conceptual development for the City Amphitheater in an amount not to exceed $31,800.00 in such final form as approve by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $3,180 for unanticipated costs.

Purchase of Real Property for Regional Community Park (APN 379-180- 002)

Page 194 ends

Recommendation:

Approve the purchase of approximately 18.12 acres of real property located on Riverside Drive (APN 379-180-002) for $2.1M and authorize the City Manager or designee to execute an assignment of the Purchase Agreement and such other ancillary documents as it relates to the land acquisition and grant approval, as may be necessary to complete the purchase once requirements have been satisfied, in such form as approved by the City Attorney.

Final Contract Change Order to the Public Works Construction Agreement with Griffith Company, Inc. for the I-15 Main Street Interchange Improvement Project (CIP Project No. Z10017)

Page 225 ends

Recommendation:

Approve and authorize the City Manager to execute the Final Contract Change Order to the Public Works Construction Agreement with Griffith Company, Inc. in amount not to exceed $109,375 for the settlement totaling $485,000 for the I-15 Main Street Interchange Improvement Project in such final form as approved by the City Attorney.

12.11 12.12

12.13 12.14
City Council Agenda January 27, 2026
City of Lake Elsinore Page 6
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

Page 295 ends

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.

SUCCESSOR AGENCY CONSENT CALENDAR
Minutes of the Regular Successor Agency Meeting of January 13, 2026 Page 320 Recommendation:

Approve the Minutes.

SA Warrant Report dated January 05, 2026 to January 11, 2026 Page 332 Recommendation:

Receive and file.

SA Investment Report for December 2025 Page 335
Recommendation:

Receive and file the Investment Report for October 2023.

PUBLIC HEARING
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

Page 376 ends

Recommendation:

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

1. 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.

2. 12.15

13. 13.1

13.2 13.3

14. 14.1
City Council Agenda January 27, 2026
City of Lake Elsinore Page 7
BUSINESS ITEM Page 416
Adoption of the Lake Elsinore Action Sports Industry Growth and Attraction Plan (2026-2040)

Page 430 ends

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.

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

CITY MANAGER COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

ADJOURNMENT
The Lake Elsinore City Council will adjourn to the next Regular meeting of Tuesday, February 10, 2026 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

AFFIDAVIT OF POSTING
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby affirm that a copy of the foregoing agenda was posted at City Hall at 5:30 p.m. on Thursday, January 22, 2026. ______________________________
Candice Alvarez, MMC, City Clerk

15. 15.1

16. 17.

18. 19.

20. 21.

City Council Agenda January 27, 2026
City of Lake Elsinore Page 8

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 27, 2026
Subject: Recognition of Sergeant Richard A. Vargas
Recommendation
Present a Certificate of Recognition to Sergeant Richard A. Vargas Attachments
Attachment 1 – Certificate

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Gina Gonzalez, Dir. Of Economic Development and Leg. Affairs Date: January 27, 2026
Subject: Business in Action Monthly Spotlight – Mason Motorsports Recommendation
Recognize Mason Motorsports as the City of Lake Elsinore’s Business in Action Monthly Spotlight for January 2026.

Background
The City of Lake Elsinore’s Business in Action Monthly Spotlight highlights outstanding local businesses that contribute to the community’s economic growth, exceptional customer service, and community involvement. For the month of January 2026, the city is proud to recognize Mason Motorsports for its contributions to the local economy, customer-focused service, and commitment to supporting the Lake Elsinore community.

Mason Motorsports is a valued business in Lake Elsinore that serves residents and visitors through its expertise in motorsports products and services. Through its customer service, local presence, and support of the community, Mason Motorsports helps strengthen Lake Elsinore’s business landscape and reinforces the City’s identity as a thriving hub for entrepreneurship and recreation.

Discussion
Beyond its core services, Mason Motorsports plays an important role in strengthening the local economy by serving the community and contributing to the City’s growing base of unique and specialized action sports businesses. Their commitment to quality service and dedication to their customers reflects the values of a thriving local business community.

Mason Motorsports, owned and operated by brothers Neal and Rob Mason, opened in Lake Elsinore in 2004 and recently expanded their headquarters in Lake Elsinore from 9k sq ft to over 18k sq ft of manufacturing space which equates to a long term investment, more skilled jobs in (Subject Matter 1- 4 words only. Do Not add date or page numbering)

Page 2 of 2 ends

Lake Elsinore, and more motorsports related business activity- deepening the city’s action-sports footprint.

Mason Motorsports are well known for building off-road vehicles and for their innovation with shaking up the classes at the top of off-road with their All-Wheel Drive (AWD) trucks. Mason Motorsports, when they started, built sand cars and pre-runners, transitioning to the UTV market.

They have continued to build a reputation fabricating winning Trophy Lite Trucks and Class 7200 and 6100 trucks, the 2WD and 4 WD Trophy Trucks, learning and growing successfully behind each build. The Mason Motorsports advantages are improved acceleration, enhanced cornering capabilities, and better overall vehicle control. Mason Motorsports trucks are not new to winning, securing 17 podium finishers in high profile desert racing classes., including 3 in SCORE Trophy Truck in each of the four races during the 2024 Score World Desert Championships, and placing in the Mint 400 over the years, just to name a few highlights. In 2019, Mason Motorsports was honored with the Impact Award in the Off-Road Motorsports Hall of Fame. 2024 SCORE Truck Chassis Manufacturer of the Year.

By recognizing Mason Motorsports as the Business in Action Monthly Spotlight for January 2026, the city continues to aim to celebrate local businesses contributions to the lake Elsinore community and encourage continued local business success and growth in their industry. Mason Motorsports is the epitome of Lake Elsinore action sports, as it is one of the most visible anchors in the off-road racing ecosystem, re-enforcing Lake Elsinore’s identity as an action-sports hub.

Fiscal Impact
There is no known fiscal impact for this honoring.

Attachments
None.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 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.

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

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
DECEMBER 22, 2025
TO DECEMBER 28, 2025

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,562,540.82 $
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 8,718.37 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 273.05 150 COMMUNITY DEVELOPMENT BLOCK GRANT 6,053.36
180 LAUNCH POINTE 10,767.05
305 INFORMATION SYSTEMS SERVICE 2,476.23
310 SUPPORT SERVICE 1,527.53
315 FLEET SERVICE 2,658.58
320 FACILITIES SERVICE 1,163.88
500 CAPITAL IMPROVEMENT PLAN 868,909.30
GRAND TOTAL 2,465,088.17
Attachment 1 1 of 1
DECEMBER 22, 2025
TO DECEMBER 28, 2025

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001197 $99 PC REPAIR CENTERS 469.72 $
APA26001198 BEST CONTRACTING SERVICES, INC. 280,890.58
APA26001199 CDW GOVERNMENT, INC. 679.57
APA26001200 CED LAGUNA 362.94
APA26001201 GREAT AMERICA FINANCIAL SERVICES 1,527.53
APA26001202 SOUTHERN CALIFORNIA EDISON CO. 732.33
APA26001203 VISTA COMMUNITY CLINIC 6,053.36
10627 GUFAROTTI, ADAM (126.03)
10652 CALPERS RETIREES 55,430.98
10694 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 5,344.10 10695 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,423,584.62 10701 TALIMAR SYSTEMS, INC 587,655.78
143981 EVMWD 24,063.83
143985 TOES IN THE WEEDZ, INC 77,036.74
DFT260424 FRONTIER CALIFORNIA - INTERNET 822.17
DFT260425 FRONTIER CALIFORNIA - INTERNET 504.77
DFT260468 CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE 55.18 GRAND TOTAL 2,465,088.17 $
Attachment 2 1 OF 1

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
DECEMBER 29, 2025
TO JANUARY 04, 2026

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 504,997.92 $
180 LAUNCH POINTE 36,973.47
300 INSURANCE SERVICE (12,169.49)
305 INFORMATION SYSTEMS SERVICE 30,274.59
315 FLEET SERVICE 9,162.23
320 FACILITIES SERVICE 11,362.66
500 CAPITAL IMPROVEMENT PLAN 206.54
620 COST RECOVERY TRUST DEPOSITS (69,212.00)
GRAND TOTAL 511,595.92
Attachment 1 1 of 1
DECEMBER 29, 2025
TO JANUARY 04, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
DFT260451 MISSION SQUARE RETIREMENT 23,864.06 $
DFT260452 NATIONWIDE TRUST COMPANY, FSB 561.95
DFT260453 MISSION SQUARE RETIREMENT 120.00
DFT260454 INTERNAL REVENUE SERVICE 198.50
DFT260455 FRANCHISE TAX BOARD 224.57
DFT260456 STATE DISBURSEMENT UNIT 245.53
DFT260457 RIVERSIDE COUNTY SHERIFF'S OFFICE 926.50
DFT260459 STATE DISBURSEMENT UNIT 134.30
DFT260460 PAYCHEX OF NEW YORK, LLC 2,257.96
DFT260462 INTERNAL REVENUE SERVICE 103,446.29
DFT260463 FRANCHISE TAX BOARD 24,439.22
DFT260464 LEGAL SHIELD 108.65
DFT260465 CALPERS 2,276.04
DFT260466 CALPERS 74,150.78
DFT260469 FRONTIER CALIFORNIA - INTERNET 490.98
DFT260470 CHARTER COMMUNICATIONS 1,035.00
DFT260471 CHARTER COMMUNICATIONS 550.00
DFT260472 CHARTER COMMUNICATIONS 231.61
DFT260473 CHARTER COMMUNICATIONS 189.98
DFT260474 CHARTER COMMUNICATIONS 475.00
DFT260475 CHARTER COMMUNICATIONS 885.00
DFT260476 CHARTER COMMUNICATIONS 40.00
DFT260477 CHARTER COMMUNICATIONS 475.00
DFT260479 AMERICAN EXPRESS 21,412.29
DFT260479 AMERICAN EXPRESS 0.17
DFT260480 COLONIAL LIFE 1,374.38
DFT260481 DEPARTMENT OF MOTOR VEHICLES 20.00
DFT260482 DEPARTMENT OF MOTOR VEHICLES 20.00
DFT260483 DEPARTMENT OF MOTOR VEHICLES 20.00
DFT260484 DEPARTMENT OF MOTOR VEHICLES 20.00
DFT260485 DEPARTMENT OF MOTOR VEHICLES 20.00
DFT260488 HESTER ROOFING (35,200.00)
DFT260489 HESTER ROOFING (34,000.00)
PR12182025 NET PAYROLL 320,582.16
GRAND TOTAL 511,595.92 $
Attachment 2 1 OF 1

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
JANUARY 05, 2026
TO JANUARY 11, 2026

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 189,478.38 $
103 THE ANCHOR 51,034.84
110 GAS TAX 625.45
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 66,241.25 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 15,988.82 150 COMMUNITY DEVELOPMENT BLOCK GRANT 6,632.00
155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 793.93 180 LAUNCH POINTE 69,990.69
305 INFORMATION SYSTEMS SERVICE 14,728.66
310 SUPPORT SERVICE 6,966.40
315 FLEET SERVICE 12,314.79
320 FACILITIES SERVICE 37,048.97
330 CFD 2015-2S MAINTENANCE SERVICES 6,927.11
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 835.13
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 835.13
333 CFD 2015-4 TERRACINA IMPROVEMENT 835.13
334 CFD 2015-5 TRIESTE IMPROVEMENT 813.33
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 813.33
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 789.64
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 2,813.33
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 835.13
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 813.33
342 CFD 2007-5S RED KITE SERVICES 596.52
343 CFD 2006-2S VISCAYA SERVICES 596.52
344 CFD 2005-2S ALBERHILL RANCH SERVICES 596.52
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,648.47
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 1,431.65
350 CFD 98-1 SUMMERHILL IMPROVEMENT 835.13
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 2,835.13
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 2,279.85
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 1,073.74
358 CFD 2007-4S MAKENNA SERVICES 596.52
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 715.28 361 CFD 2022-2 LAKESHORE IMPROVEMENT 694.44
362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 596.52
363 CFD 2023-1 LAKESIDE IMPROVEMENT 694.44
364 CFD 2023-2 COASTAL MISSION TRAIL IMPROVEMENT 707.30 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 596.52 367 CFD 2006-1S SUMMERLY SERVICES 596.52
368 CFD 2006-2 VISCAYA IMPROVEMENT 596.52
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 835.13
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 2,835.13
Attachment 1 1 of 2
JANUARY 05, 2026
TO JANUARY 11, 2026

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
371 CFD 2005-1 SERENITY IMPROVEMENT 835.13
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 835.13
373 CFD 2005-5S WASSON CANYON SERVICES 596.52
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 298.26
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 298.26
376 CFD 2006-3 LA STRADA IMPROVEMENT 596.52
377 CFD 2006-6 TESSARA IMPROVEMENT 357.91
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 789.64
379 CFD 2022-1 ALBERHILL IMPROVEMENT 694.44
380 CFD 2015-4S TERRACINA SERVICES 607.56
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 6,676.64
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 835.13
386 CFD 2007-4 MAKENNA IMPROVEMENT 789.64
387 CFD 2007-5 RED KITE IMPROVEMENT 789.64
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 2,147.48
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 596.52
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 564.03
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 802.15
397 CFD 2019-1 WESTLAKE IMPROVEMENT 802.15
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 715.28 500 CAPITAL IMPROVEMENT PLAN 1,611,663.84
620 COST RECOVERY TRUST DEPOSITS 76,300.98
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 1,188.38
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 835.13
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 596.52 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 596.52
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 596.52 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 948.95
GRAND TOTAL 2,222,867.49
Attachment 1 2 of 2
JANUARY 05, 2026
TO JANUARY 11, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001204 AMERICAN PLANNING ASSOCIATION 543.20 $
APA26001205 ANGLER CHRONICLES, LLC 8,000.00
APA26001206 AUTOMOTIVE DATA RESEARCH 364.64
APA26001207 BOYS & GIRLS CLUB 6,632.00
APA26001208 CALIFORNIA, DEPARTMENT OF JUSTICE 98.00
APA26001209 CARDLOCK FUELS SYSTEM LLC 8,465.32
APA26001210 CDW GOVERNMENT, INC. 3,155.05
APA26001211 CED LAGUNA 18,505.09
APA26001212 CENTURY LINK 41.24
APA26001213 CHARLES ABBOTT ASSOCIATES, INC. 9,919.66
APA26001214 CHARTER COMMUNICATIONS 57.64
APA26001215 CITY NET 46,432.94
APA26001216 CONCENTRA 276.00
APA26001217 COUNTY OF RIVERSIDE DEPT. OF ENVIRONMENTAL HEALTH 170.00 APA26001218 DUSTIN THOMPSON PHOTOGRAPHY 1,100.00
APA26001219 EXCEL LANDSCAPE, INC. 47,542.52
APA26001220 FEDERAL EXPRESS CORPORATION 174.06
APA26001221 FEHR & PEERS 21,820.00
APA26001222 FRONTIER CALIFORNIA - INTERNET 1,126.09
APA26001223 FRONTIER CALIFORNIA, INC. 7,497.50
APA26001224 FRONTIER CALIFORNIA, INC. 76.64
APA26001225 GREAT AMERICA FINANCIAL SERVICES 2,181.18
APA26001226 HDL HINDERLITER, DE LLAMAS & ASSOCIATES 600.00 APA26001227 HELIX ENVIRONMENTAL PLANNING INC. 36,542.53 APA26001228 HUNSAKER & ASSOCIATES IRVINE, INC. 4,450.50 APA26001229 IMAGEN, INC. 433.83
APA26001230 INTERSTATE STRIPING, INC. 55,998.95
APA26001231 KIMLEY-HORN & ASSOCIATES, INC. 1,335.00
APA26001232 LAKE AUTO & SMOG 970.00
APA26001234 LAND IQ, LLC 3,272.50
APA26001235 M & M AIR CONDITIONING 300.00
APA26001236 MIG 44,895.75
APA26001237 MORTON PEST CONTROL INC 210.00
APA26001238 NPG, INC. 19,817.00
APA26001239 O'REILLY AUTO STORES INC/FIRST CALL 1,189.68 APA26001240 PACIFIC PRODUCTS & SERVICES LLC 429.56
APA26001241 PRESS-ENTERPRISE, THE 2,666.80
APA26001242 PVP COMMUNICATIONS, INC. 2,205.64
APA26001243 QUICK CRETE PRODUCTS CORP. 10,514.08
APA26001244 RE CONSULTING 4,500.00
APA26001245 RUFF RUFF PET PRODUCTS, INC. 445.77
Attachment 2 1 OF 3
JANUARY 05, 2026
TO JANUARY 11, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001246 SAFETY-KLEEN SYSTEMS, INC. 271.30
APA26001247 SAS CONSTRUCTION 511,000.00
APA26001248 SCOTT FAZEKAS & ASSOCIATES, INC. 5,222.65
APA26001249 SHRED-IT USA, LLC 169.60
APA26001250 SOUTH COAST LIGHTING & DESIGN, INC. 16,203.75 APA26001251 SOUTHERN CALIFORNIA EDISON CO. 84,016.93
APA26001252 STAUFFER LAWN EQUIPMENT 140.29
APA26001253 STK ARCHITECTURE, INC. 1,501.15
APA26001254 TRANSTECH ENGINEERS, INC. 30,648.00
APA26001255 TRI-STAR ELECTRIC 3,656.00
APA26001256 UNIFIRST CORP 1,732.20
APA26001257 UTILITY COST MANAGEMENT LLC 20,314.28
APA26001258 VALLE, BLANCA 500.00
APA26001259 VULCAN MATERIALS COMPANY 485.16
APA26001260 WILSON MIKAMI CORPORATION 8,800.00
10710 AK SECURITY ALARM LLC 31,428.60
10712 AMAZON BUSINESS 2,339.18
10713 AREA 63 PRODUCTIONS 8,315.00
10714 ARELLANO ASSOCIATES 226.61
10715 ARELLANO ASSOCIATES 5,774.19
10716 BRINKS INCORPORATED 1,112.57
10717 CHEN RYAN ASSOCIATES, INC. 475.07
10718 CM WASH EQUIPMENT 1,410.99
10720 COTTER CONSTRUCTION, INC. 3,900.00
10721 ENDRESEN DEVELOPMENT, INC. 1,157.25
10722 ENDRESEN DEVELOPMENT, INC. 947.22
10723 ENDRESEN DEVELOPMENT, INC. 145,000.00
10724 ENDRESEN DEVELOPMENT, INC. 125,000.00
10725 ENDRESEN DEVELOPMENT, INC. 698.32
10726 ENDRESEN DEVELOPMENT, INC. 35,000.00
10727 ENGINEERING RESOURCES OF SO CA 3,228.96
10728 GENERAL UPHOLSTERY 7,441.50
10729 GUFAROTTI, ADAM 126.03
10730 HDR ENGINEERING, INC. 206,728.60
10731 HESTER ROOFING 69,200.00
10732 INNOVATIVE DOCUMENT SOLUTIONS 2,611.16
10733 KPA SERVICES, LLC 2,728.67
10734 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 13,500.00 10735 LYNN MERRILL AND ASSOCIATES, INC. 197.41
10736 MICHAEL BAKER INTERNATIONAL, INC. 2,306.25
10737 NTH GENERATION COMPUTING, INC. 68,052.95
10738 NTH GENERATION COMPUTING, INC. 125,231.43
Attachment 2 2 OF 3
JANUARY 05, 2026
TO JANUARY 11, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
10739 NTH GENERATION COMPUTING, INC. 91,968.00
10740 PROSTAFF, LLC 26,950.00
10742 QUADIENT FINANCE USA, INC. 2,000.00
10743 READYREFRESH 838.24
10744 REGIONAL CONSERVATION AUTHORITY 22,062.00
10745 SD FLAGS, BANNERS AND SIGNS 4,530.81
10746 SECURITAS SECURITY SERVICES USA, INC. 3,196.80
10747 SEMPER PATROL, INC 14,976.00
10748 SMER RESEARCH 1, LLC 10,506.86
10749 SOBOBA BAND OF LUISENO INDIANS 5,123.25
10750 SPICER CONSULTING GROUP 58,231.78
10754 STAPLES ADVANTAGE 19.56
10755 STAPLES ADVANTAGE 42.38
10756 STAPLES ADVANTAGE 16.76
10757 STAPLES ADVANTAGE 17.17
10758 THOMSON REUTERS - WEST PUBLISHING CORP. 538.68
10759 WEST COAST ARBORISTS, INC. 4,444.00
10760 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
10762 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
10763 WILMINGTON TRUST, NATIONAL ASSOCIATION 1,000.00
10764 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
10765 WILMINGTON TRUST, NATIONAL ASSOCIATION 2,000.00
10766 WKE, INC. 1,643.02
10767 WKE, INC. 958.58
10768 YESCO SIGNS LLC 19,141.49
10769 YUNEX, LLC 800.00
143986 DEPARTMENT OF MOTOR VEHICLES 32.00
143987 DEPARTMENT OF MOTOR VEHICLES 32.00
143988 DIAZ, FRANCISCO 1,114.59
143989 EVMWD 19,888.57
143993 SOUTHERN CALIFORNIA EDISON - SCE INSTALL 780.00
143994 VIGIL, KATHRYN 259.32
GRAND TOTAL 2,222,867.49 $
Attachment 2 3 OF 3

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: January 27, 2026
Subject: CC Investment Report for December 2025
Recommendation
Receive and file the Investment Report for December 2025 Discussion
The Investment Report is a listing of all funds invested for the City 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

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

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

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

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

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

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

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

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

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

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.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: January 13, 2026
Subject: Reappointment to the Measure Z Citizens Committee Recommendation
Reappoint Jimmy Gist (District 5) to serve on the Lake Elsinore Measure Z Citizens Committee for a term expiring December 31, 2027.

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

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

Discussion
The City Clerk’s Office posted a Notice of Accepting Applications for the Measure Z Citizens Committee from October 13, 2025 through November 14, 2025, receiving five applications. Mayor Magee nominated Jimmy Gist to continue representing District 5. Based on the application review Commission Appointments

Page 2 of 2 ends

and nomination, the appointment includes one reappointment for the Measure Z Citizens Committee.

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

Attachments
Attachment 1 - Jimmy Gist Application

Name of School Attended*
Golden West JC
City & State*
CA
Degree Earned*
None
Number of Units Completed
90 +
Name of School Attended
Westminster HS
City & State
CA
Degree Earned
HS Diploma
Number of Units Completed
Certificates Attained
POST Certificate - Police Officer Standards and Training Earned - Basic, Intermediate and Advanced Certificates
Yes
No
Do you have Economic Interests, such as income, investments, real or personal property, or outstanding loans which might present a potential conflict of interest?*
Work History
Current Employer
Lake Elsinore Unified School District
Address
545 Chaney St. Lake Elsinore 92530
Dates Worked
—
Position
1/12/2011 7/2/2025 Substitute

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

Signature (Please type your name)*
Jimmy Gist
Date*
11/25/2025

Page 1 of 4 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Gina Gonzalez, Director of Economic Development and Leg. Affairs Date: January 27, 2026
Subject: Right of Entry Agreement and License between the City of Lake Elsinore and the Lake Elsinore Yacht Club
Recommendation
Approve and authorize the City Manager to execute a Right of Entry Agreement and License with the Lake Elsinore Yacht Club for the use of City property to operate the Lake Elsinore Yacht Club, in such final form as approved by the City Attorney.Click or tap here to enter text.

Background
The City of Lake Elsinore is committed to encouraging and promoting public recreational activities at Lake Elsinore and enhancing the public’s access to lakefront experiences, while also enhancing water-based programming in Lake Elsinore as noted in the city’s Dream Extreme 2040 Plan and the Lake Elsinore Action Sports Industry Plan (2026). The Lake Elsinore Yacht Club (the “Yacht Club”) operates a program that would provide recreational, educational, and social activities to both its members and the community at large.

To support increased public programming and activation of the lakefront and the lake, the City and the Yacht Club have negotiated a Right of Entry Agreement and License (“Agreement”) that achieve the city’s goals, by allowing the Yacht Club to operate from a designated area of Cityowned property extending to the waters of Lake Elsinore, as depicted in Exhibit A (the “City Parcel”) at Elm Grove Beach. The city has determined that the uses proposed under the Agreement will not interfere with public access and will contribute to the general public’s use and enjoyment of the lake, consistent with the City’s recreational plans for Lake Elsinore. (Subject Matter 1- 4 words only. Do Not add date or page numbering)

Page 2 of 4 ends

Discussion
The Agreement authorizes the Yacht Club to operate approved educational, recreational, and community-serving activities from City-owned lakefront property at Elm Grove Beach, extending to the waters of Lake Elsinore, while maintaining public access to the shoreline and ensuring compliance with City policies, safety requirements, and operational oversight. The Agreement is structured as a license (not a lease) and provides a one-year initial term, with options for two (one-year) extensions, allowing the City to oversee performance and ensure continued alignment with public access and recreation objectives, contingent upon the Yacht Club being in compliance with all terms and not in default at the time of extension.

Permitted Uses and Community Benefit
Under the Agreement, the Yacht Club may conduct programming and services that support the City’s goal of expanding public recreational opportunities on the Lake and near the lakefront, while also adding vitality and additional activation near the city’s Downtown Main Street.

Permitted uses include, but are not limited to:
 Social and community events and classes
 Recreational sailing opportunities for the general public, including instruction and water safety education
 Organizing competitive races and events in accordance with the city’s special events procedures, etc.
 Rentals of both City-owned watercraft (kayaks and paddleboards) and Yacht club watercrafts, with instruction related to those rentals with a 25% revenue split of city owned watercraft rentals
 Temporary use items during operations such as signage, shade sails, tables, chairs, and flags (in compliance with City procedures)
 Sale of merchandise and limited sales of pre-packaged food and beverages (subject to applicable laws) for members wen yacht club is operating only, in accordance with applicable laws
Site Conditions, Public Access, and Operational Requirements The Agreement contains detailed conditions related to site management, access, and maintenance, including:
 No permanent structures are permitted; only temporary shade structures and relocatable equipment are allowed
 The Yacht Club must keep the area free of trash and debris at all times and may not use the City’s trash cans; Yacht Club operations must provide their own trash service  The Yacht Club may store sailboats on-site (24/7) but may not allow other overnight storage loading/unloading
 Public cross-access along the shoreline must be maintained, and any cordoned-off areas must end five feet before the waterline
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 No obstructions may be placed in the waters of Lake Elsinore, and equipment must be relocated if threatened by rising water levels
Dock Use and Safety Measures
The Agreement provides for Yacht Club access to a dock located at 500 E. Lakeshore Drive, including exclusive access during Yacht Club events and use. The dock will include signage restricting fishing when reserved for Yacht Club use. The Yacht Club will not access the exclusive fishing dock near this location as well. (signage already posted).

The Agreement also includes safety and risk management provisions requiring the Yacht Club to:
 Secure City-owned watercraft and replace any stolen City-owned watercraft at market value
 Require users of City-owned watercraft to sign a liability release and waiver acceptable to the City
 Maintain required insurance coverage (including general liability, automobile liability, and workers’ compensation, as applicable)
 Indemnify and defend the City for claims arising out of Yacht Club operations and use of the site
City Improvements and Support
As part of the Agreement, the City will undertake certain improvements intended to support safe and effective recreational use of the site, including:
 Installation of picnic tables, a fire pit
 Installation of a new dock and lockable gate (as applicable)  Redirection of cameras to improve visibility of stored vessels and dock activity  Relocation of City-owned kayaks and paddleboards to the dock area for use in the program from Launch Pointe (not being utilized) to the south end of the lake (Elm Grove Beach) for use and rentals
License Fee and Revenue Terms
The Agreement includes a $5,000 annual license fee, with flexibility for the first-year payment to assist in the operation start-up. Additionally, since the City Council has made lake activation and action sports a priority in the Dream Extreme 2040 plan, there is an in-lieu option where the license fee can be utilized for the sponsorship of two lake activation sailing events on the lake aimed at providing more activity on the south end of the lake, in accordance with the city’s special event procedures. The city retains the ability to approve or disapprove of both the flexibility of the payment option or the in-lieu options in the agreement at any time.

Enforcement and Oversight
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The Agreement provides the City with inspection rights and enforcement tools, including the ability to suspend operations if the City determines that requirements are not being followed or public safety is being endangered. Default provisions include termination rights and remedies for nonperformance, including automatic default for repeated issues.

Fiscal Impact
Approval of the Agreement is expected to have minimal fiscal impact beyond staff time associated with administration and oversight, the cost of relocation of city equipment to the City’s parcel for the Yacht Club operations, use of the community hall at Launch Pointe for membership meetings, and certain site-related improvements (ie. Picnic tables, cameras repositioned, dock, etc.).

The Agreement includes an annual license fee of $5,000, with a potential in-lieu option of two community sailing events in place of payment, subject to City approval.

Beginning in License Year 2, the City would also receive a Percentage Fee equal to 25% of revenues from rentals of City-owned watercraft, providing potential additional revenue depending on program usage.

The Yacht Club is responsible for its operational costs, including trash services, insurance, and replacement of stolen City-owned watercraft at market value.

Attachments
Attachment 1 – Agreement
Exhibit A - Map
1 RIGHT OF ENTRY AGREEMENT AND LICENSE
Elm Grove Beach
THIS RIGHT OF ENTRY AGREEMENT AND LICENSE (“License”) is entered into as of January 27, 2026 (“Effective Date”) by and between the CITY OF LAKE ELSINORE, a municipal corporation (“City), and ELSINORE YACHT CLUB, a California corporation (“Licensee”).

RECITALS
A. City desires to encourage and promote public recreational activities at Lake Elsinore.

B. Licensee operates a yacht club offering recreational, educational and social activities to both its own members and members of the community.

C. extending to the waters of Lake Elsinore, as more particularly depicted on Exhibit A (“City Parcel”) attached hereto and incorporated herein by this reference.

D. City finds that the uses of the City Parcel as provided herein do not interfere with, but rather will contribute to the convenience of the general public in the use and enjoyment of, and the enhancement of recreational experiences available within the City and that the Permitted Uses and Activities (as defined in Section 4.a) are compatible with the general recreational plans for Lake Elsinore.

E. Licensee desires to obtain from the City a License in order to conduct the Permitted Uses and Activities within the City Parcel in accordance with the terms and conditions set forth herein.

NOW THEREFORE, based on the foregoing and the promises, covenants and undertakings contained in this License, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the City and Licensee agree as follows:

1. Term.
a. License Term. This License shall be effective beginning March 1, 2026 through February 28, 2027 (“License Term”). Except as otherwise specifically stated in this License, references to the “License Term” shall include any Extension Term as provided in Section 1.b.
b. Option to Extend. Licensee shall have two (2) options to extend the License Term for a period of one (1) year each (each, an “Extension Term”), provided that at the time of such election and at the expiration of such existing term Licensee is not then in default under any of the terms or provisions of this License. Licensee shall exercise an option by giving written notice of Licensee’s intent to exercise its option to City at least ninety (90) days prior to the then-current expiration of the License Term.

2. Fees and Adjustments.
a. License Fee. Licensee shall pay an annual license fee to the City in the amount of $5,000 (the “License Fee”), provided, however, that such License Fee shall be subject to adjustment as provided in Section 2.b. The License Fee shall be due and payable no later than the first day of each year during the License Term.
2 The first License Fee payment maybe spread out over the first 12 months of operation and deducted from revenues generated (“Credit”). If a credit is requested, then the Licensee shall send a letter requesting this process and the city can approve or not approve, at any time, the credit option. In lieu of a License Fee payment to the city, Lake Elsinore Yacht Club can put on two (2) high quality community sailing events at $2,500 each with the city as a sponsor, complying with the city’s special events procedures and policies. If events are requested, Licensee shall send in a letter and special events application to the city adhering to all city special event procedures and policies in advance. The city, at any time, may restrict the in-lieu option of the License Fee payment.

All subsequent License Fees to be paid by Licensee to City shall be paid in advance on the first day of each year. License Fee payments shall be made payable to the City of Lake Elsinore and delivered to:

City of Lake Elsinore
c/o Department of Administrative Services and Economic
Development
130 South Main Street
Lake Elsinore, CA 92530
b. Adjustment of License Fee. The License Fee set forth in Section 2.a shall be adjusted on the first (1st) anniversary of the Effective Date (that is, the beginning of License Year 2 of the License Term) (the “Adjustment Date”).

The License Fee will be adjusted to reflect the percentage increase, if any (but not any decrease) in the Index (as defined below) from the final Index published before the Effective Date through the final Index published before the Adjustment Date, provided however, that the annual percentage increase shall in no event exceed three percent (2%). City shall notify Licensee of the adjustment to the License Fee, in writing, as soon as reasonably possible.

Licensee acknowledges that the amount of such increase and written notice thereof may not be available until sometime after the Adjustment Date.

Therefore, Licensee shall continue to make the annual License Fee payments to City until written notice of the newly calculated License Fee is received by Licensee. No later than ten (10) days following receipt by Licensee of such written notice, Licensee shall pay to City the amount of the increase reflected in such written notice for each year from the Adjustment Date to the date of receipt by Licensee of such written notice. For purposes of this Section, “Index” means the Consumer Price Index – Riverside-San Bernardino-Ontario – All Urban Consumers – All Items (2017=100), as published by the United States Department of Labor, Bureau of Labor Statistics. c. Percentage Fee. Licensee shall pay an annual fee to the City in an amount equal to twenty-five percent (25%) of the total revenues received by Licensee or its contractors or affiliates resulting from rentals of City-owned watercraft (“Percentage Fee”). The Percentage Fee shall be due and payable, in arrears, beginning on the first day of License Year 2 and continuing thereafter no later than the first day of each year during the License Term. 3 3. License. Provided that all of the terms and conditions of this License are fully satisfied, the City hereby grants to Licensee a non-assignable license to conduct the Permitted Uses and Activities upon the City Parcel. The Permitted Uses and Activities shall only be conducted from the City Parcel described herein. The Licensee shall operate the Permitted Uses and Activities in accordance with all applicable laws, ordinances, resolutions, policies and rules applicable to Lake Elsinore and any operations conducted by Licensee hereunder (collectively, the “Applicable Laws”). Licensee shall not permit any offensive activity to be carried out upon the City Parcel. The License is subject to all liens, encumbrances, covenants, conditions, restrictions, rights, rights of way, dedications and other matters of title (whether or not of record) existing on the date of this License. Licensee’s right to use the City Parcel shall be exclusive during Licensee operations and events but shall be non-exclusive at all other times.

4. License Conditions. Licensee and City agree to comply with the following conditions:
a. Permitted Uses and Activities.
i. City Improvements. City shall (i) install four (4) picnic tables on the City Parcel, (ii) install a new dock and lockable gate on the existing dock with no fishing signs on dock located at 500 E Lakeshore Drive, Lake Elsinore and shown on Exhibit A (“Dock”), (iii) install three (3) cameras, if not already existing, on the City Parcel to the extent practicable or if there are existing cameras will make active for use, (iv) redirect the existing camera on the restroom structure to include the stored sailing vessels and Dock area in its line of sight to the extent practicable, (v) place one (1) fire pit at the City Parcel, (vi) install such facilities as are reasonably necessary to provide electrical service at the approximate location shown on Exhibit A, and (vii) move its eleven (11) City-owned kayaks, six (6) City-owned paddleboards, and storage vessel to the Dock (collectively, “City-owned Water Craft”). ii. General Use and Activities. Licensee shall use the City Parcel to (i) conduct social and community events and classes, (ii) provide rentals of City-owned Water Craft only and instruction with respect thereto to members of the general public, (iii) provide recreational sailing opportunities to members of the general public, including classes on sailing technique and water safety, and the organization of competitive races, (iv) store sailboats 24 hours per day, 7 days per week, (v) sell merchandise (including without limitation rash guards, sunscreen, hats, souvenirs), rent chairs and umbrellas, rent bicycles (including e-bikes per city policy), (vi) sell pre-packaged food and drink in accordance with all Applicable Laws, and (vii) place temporary signage lighting, flags, tables, chairs and shade sails during Licensee operations in accordance with city policies and procedures.
iii. General Licensee Obligations. Licensee shall (i) perform a thorough cleanup of all portions of the City Parcel in order to create a safe, usable waterfront area which complies with all Applicable Laws, (ii) ensure that all City-owned Water Craft are stored and secured after use thereof by Licensee and if stolen will replace City-owned Water Craft at market value at time of possession, (iii) require all users of City-owned Water Craft to execute a liability release and waiver in form and content reasonably acceptable to the City.
4 iv. Dock. Licensee shall have exclusive access to the new dock located at 500 E. Lakeshore Drive and shown on Exhibit A during such times that Licensee is conducting an event at the City Parcel, and not associated with the existing fishing dock at Exhibit A. The dock exclusive for yacht club activities will also include an allowable sign depicting that the dock is exclusive for yacht club and no fishing activities.
v. Parking. Licensee shall not use the City Parcel for vehicular parking.

General patron parking is prohibited on the City Parcel, provided that Licensee may use utilize the City Parcel temporarily for parking of vehicles delivering watercraft or other related equipment or temporary structures supporting the Permitted Use.
vi. Use of Fire Pits. Use of the fire pit (1), if any, on the City Parcel is subject to the following conditions:

1. No more than one (1) fire pit is allowed at the City Parcel, provided that additional fire pits may be authorized by the City Manager.

2. Fuel used in the fire pits is strictly limited to hardwood varieties (e.g., oak, cherry, walnut) and preferably kiln dried. To the extent that Licensee sells firewood, such wood shall be a recognized hardwood variety and kiln dried.

3. Burning of trash, refuse, landscape clipping, driftwood, softwood varieties (e.g., pine, Douglas fir) is prohibited. Licensee shall post signs, prominently displayed near each fire pit, containing this prohibition.

4. Fire pits shall be cleaned following each use and maintained in good and operable condition throughout the License Term. vii. Non-exclusive Access. Licensee and its invitees shall have reasonable non-exclusive access to the restrooms, gate, and hose bib connection adjacent thereto, and the vehicular gate north of the restrooms. Licensee and its invitees shall have access to the Launch Pointe Community Center at no cost for its monthly membership meetings, theoretical sailing instructions and weather safety related training sessions for members so that they do not interfere with the city’s operations of the hall. b. Maintenance of City Parcels. With respect to the use of the City Parcel, Licensee is subject to the following conditions:
i. No building or permanent structure is permitted on the City Parcel.

Temporary shade structures, picnic tables and relocatable fire pits complying with Section 4.a.vi. are permitted.
ii. Licensee shall maintain the City Parcel free of trash and debris at all time, and not utilize the City’s trash cans. Licensee is responsible for trash services from operations related to the Yacht Club on the City Parcel. iii. No overnight storage is permitted on the City Parcel except as expressly provided in Section 4.a.ii.
5 iv. Licensee shall not impede reasonable cross-access by the public along the shoreline of Lake Elsinore. Accordingly, to the extent that Licensee cordons off the City Parcel, such obstructions shall terminate five (5) feet before reaching the waterline.
v. Under no circumstances shall Licensee place any obstruction or allow any obstruction to exist within the waters of Lake Elsinore. In the event that the lake level is rising such that Licensee’s picnic equipment, temporary facilities or fire pits are threatened with inundation, Licensee shall immediately relocate such items to higher ground.
c. Miscellaneous Terms of License.
i. Licensee shall provide the Licensee Administrator with written verification of insurance in accordance with the requirements set forth in Section 15.

Written verification of insurance updates shall be submitted without inquiry, prior to the ending of the existing insurance coverage term. ii. Licensee shall notify the Director in writing, at least thirty (60) days in advance, of any special event request and, to the extent applicable as determined by the Director, obtain a Special Events Permit in accordance with applicable provisions of the City’s Municipal Code. iii. City reserves the right to close Lake Elsinore and/or beach without notice for reasons of potential adverse health, safety and other unforeseen situations. Under no circumstances shall City be required to compensate Licensee as a result of such a closure. The City may or may not temporarily relocate operations depending on the conditions of the health or safety concern.

5. Liens. Licensee shall not suffer or permit to be filed or enforced against the City Parcel any mechanics’, laborers’, materialmen’s, contractors’, subcontractors’ or any other liens arising from any work performed or caused to be performed by the Licensee as a result of the use of the City Parcel by the Licensee or the public. Licensee shall pay all such liens before any action is brought to enforce the same against the City Parcel. City shall have the right to post and maintain on the City Parcel such Notices of Non-responsibility as desired by City or as may be provided by law.

6. Suspension of Permitted Uses and Activities. City may, in the exercise of its discretion, suspend operation of the Permitted Uses and Activities on the City Parcel when the City deems Licensee’s use of, or operations on, the City Parcel as failing to follow the requirements of this License (including without limitation as set forth in Section 4) and/or otherwise needlessly endangering the public’s health and safety at anytime.

7. Inspections. The City hereby reserves the right to enter upon the City Parcel at any time to inspect, investigate, and survey the City Parcel, any equipment, and the Permitted Uses and Activities as deemed necessary for administration and enforcement of the terms of this License, or to determine the need for any actions necessary for operation of the Permitted Uses and Activities as provided herein.

8. Independent Contractor. It is understood that Licensee shall act as and be an independent contractor and shall not act as an agent or employee of the City. Licensee acknowledges that the use provided hereunder is intended by City to result in the access to and 6 enjoyment in the particular water-related activities conducted. Licensee has the sole responsibility for ensuring that the activities are conducted in a reasonable and prudent manner.

9. Compliance with Laws. Licensee shall comply with all applicable federal, state and local laws, codes, ordinances and regulations. Licensee shall not have any outstanding charges with any local, state, or federal regulatory agencies.

10. Permits. Licensee represents and warrants to City that it has all licenses, permits, qualifications, insurance and approvals which are legally required of Licensee. Licensee represents and warrants to City that Licensee shall, at its sole cost and expense, keep in effect or obtain at all times during the License Term, any licenses, permits, insurance and approvals which are legally required of Licensee. Licensee shall also maintain a City of Lake Elsinore business license.

11. No Interest in Real Property Estate. Licensee understands and agrees that the License granted herein is a license and not lease; confers only permission to occupy and use the City Parcel described for prescribed purposes in accordance with the terms and conditions hereinafter specified without granted or reserving to Licensee any interest or estate therein; the expenditure of capital and/or labor in the course of use and occupancy thereunder shall not confer any interest or estate in the in the City Parcel by virtue of such use, occupancy and/or expenditure of money thereon; and it is the intention of the parties to limit the right of use granted herein to a personal, revocable and assignable privilege of use in the City Parcel for the License granted herein.

12. Taxes. Licensee acknowledges that this License may create a possessory interest of Licensee in and to the property of City, a tax-exempt public entity. Such possessory interest may be subject to property taxation. In the event of such taxation, Licensee, not City, shall be responsible for the payment of such taxes. This Section shall constitute disclosure of the possibility of the taxation of Licensee’s interest, as said notice is contemplated by Section 107.6 of the Revenue and Taxation Code of State of California. Notwithstanding the foregoing, no property rights in the City Parcel, or right of possession thereof, is granted by this License.

13. Indemnification; Waiver. Licensee agrees to indemnify and hold City and its employees, officers, directors, agents and contractors (collectively, “City’s Representatives”) harmless, and to defend City and the City’s Representatives with counsel reasonably satisfactory to City, from and against any and all liabilities, losses, actions, damages, obligations, judgments, costs and expenses (including, without limitation, attorneys’ fees) (collectively, “Liabilities”) which City or any of the City’s Representatives may incur or suffer arising out of or in any manner connected with (i) the use of the City Parcel by Licensee or the public or (ii) the breach of or failure of Licensee to perform any of Licensee’s covenants contained in this License.

14. Non-liability. To the fullest extent permitted by law, neither City nor any of the City’s Representatives shall bear any responsibility for any Liabilities arising out of or in any manner connected with any person’s use of City Parcels, and all persons using the City Parcel do so completely at their own risk.

15. Insurance Requirements. Licensee, at Licensee’s own cost and expense, shall procure and maintain, for the duration of the contract, the following insurance policies:
a. General Liability Coverage. Consultant shall maintain general commercial general liability insurance in an amount not less than two million dollars ($2,000,000) per accident and ($2,000,000) two million dollars general aggregate.
7 b. Automobile Liability Coverage. Consultant shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with the work to be performed under this License, 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.
c. Workers’ Compensation Coverage. Consultant shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Consultant 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 Consultant for City.

16. Amendment. This License may be amended, modified or terminated only by an instrument in writing executed by Licensee and City agreeing to amend, modify or terminate this License at any time.

17. Survival. The obligations under this License shall survive the expiration of the License and the License Term; provided, however, in no event shall Licensee have the right to use the City Parcel after the expiration of the License Term nor shall the public have the right to use the City Parcel for such an operation after such time.

18. Licensee Defaults. For the purpose of this License, the term "Default by Licensee" shall mean the occurrence of any one or more of the following events:
a. Failure by Licensee to pay when due any payment of the License Fee or Percentage Fee or any other sum of money payable under this License, provided that such failure shall continue for a period of five (5) days after the date Licensee receives written notice from City of such failure. b. Failure by Licensee to pay any premium for insurance required under this License, or any other sum required to be paid by Licensee pursuant to this License provided that such failure shall continue for a period of five (5) days after Licensee receives written notice from City of such failure or failure by Licensee to maintain any insurance required under this License; c. Commencement of any action or proceeding by or against Licensee under any federal or state bankruptcy or insolvency law or other debtors relief law, whether now or hereafter in force, including (but not limited to) any action or proceeding to have Licensee declared bankrupt and any action or proceeding seeking reorganization of Licensee or seeking an arrangement with all or some of Licensee’s creditors, whether or not a trustee or receiver is appointed, provided that such action or proceeding continues without dismissal for a period of ninety (90) days after its commencement;
d. Appointment, either voluntarily or involuntarily, of a receiver, trustee, keeper, or other person to take possession of all or substantially all of the assets of 8 Licensee, if such appointment and possession continues without dismissal for a period of ninety (90) days after commencement;
e. Execution by Licensee of an assignment for the benefit of its creditors of all or substantially all of its assets that are available by law for the satisfaction of claims of judgment by creditors of Licensee; or
f. Failure by Licensee to perform or comply with any other term, covenant, or provision of this License including, but not limited to, the obligation to operate the Permitted Uses and Activities, not cured within five (5) days after Licensee receives written notice from City of the default (which notice shall specify the particulars of such default), or, in the case of a default reasonably requiring more than five (5) days to cure, not cured within a reasonable time after the giving of such notice, provided that the curing of the default is commenced within the five (5) day period after City gives Licensee notice of such default and is diligently and in good faith pursued and executed to completion.

In the event of any Default by Licensee under this License that is not cured by Licensee within any applicable grace period, and in addition to any and all other rights or remedies of City hereunder, or as provided by law or in equity, City may exercise the following remedies at its sole option:
g. Termination. In the event of any Default by Licensee, City shall have the right to terminate this License and the License granted herein by giving Licensee written notice of termination. No act by or on behalf of City (such as entry onto the City Parcel by City to perform maintenance and efforts to seek another Licensee), other than giving Licensee written notice of termination, shall terminate this License. If City gives such notice, this License and the License Term, as well as the license, right, and interest of Licensee under this License, shall wholly cease and expire (except as to Licensee’s liability) on the date specified in such notice as if such date were the expiration date of the License Term without the necessity of re-entry or any other act on City’s part. h. City shall be entitled to recover from Licensee, without limitation, as damages any amount necessary to compensate City for all the detriment proximately caused by Licensee’s failure to perform its obligations under this License, or which in the ordinary course of things would be likely to result therefrom, including, without limitation, attorneys’ fees and costs; provided, however, the City shall have no right to consequential damages.
i. Right to Continue the License. City has the right, but not the obligation, to continue this License in effect after a Default by Licensee, and may recover License Fees when due for so long as City does not terminate this License.

Upon a Default by Licensee, City’s acts of preservation, efforts to find another Licensee, or the appointment of a receiver to protect its interest under this License shall not constitute a termination of Licensee’s License interest.

Notwithstanding the foregoing, three (3) or more (consecutive or otherwise) Defaults by Licensee occurring within a 12-month period shall constitute an automatic default hereunder without any further obligation on the part of City in any way and shall entitle City to immediately terminate this License and the License granted herein by giving Licensee written notice of termination. 9 19. Default by City. For the purpose of this License, the term "Default by City" shall mean the occurrence of any one or more of the following events:
a. Failure by City to provide access to the City Parcel; b. Default or breach by City of any other term, covenant, or provision of this License, other than providing necessary access to the City Parcel to the Licensee, not cured within fifteen (15) days after City receives written notice from Licensee of the default (which notice shall specify the particulars of such default), or, in the case of a default reasonably requiring more than fifteen (15) days to cure, not cured within a reasonable time after the giving of such notice, provided that the curing of the default is commenced within the fifteen (15) day period after Licensee gives City notice of such default and is diligently and in good faith pursued and executed to completion.

In the event of any Default by City under this License that is not cured by City within any applicable grace period of 48 hours, Licensee shall have all other rights and remedies available hereunder, or as provided by law or in equity, including the right to terminate this License or continue this License in effect.

20. Entire Agreement; Exhibits. This License includes Exhibit A which is attached hereto and incorporated by reference herein. This License constitutes the complete exclusive statement of License between the City and Licensee. All prior written and oral communications, including correspondence, drafts, memoranda, and representations, are superseded in total by this License.

21. Construction. Headings in this License are for convenience only and are not part of this License. When the context so requires, words in the masculine, feminine or neuter gender shall include each other gender; and words in the singular or plural shall include each other.

Unless otherwise indicated, all references to paragraphs and subparagraphs are to this License.

This License is executed and delivered in the State of California and shall be construed and enforced in accordance with and governed by the laws of the State of California.

22. Severability. In the event any portion of this License shall be declared by any court of competent jurisdiction to be invalid, illegal or unenforceable, such portion shall be deemed severed from this License and the remaining part of this License shall remain in full force and effect, as fully as though such invalid, illegal and unenforceable portion had never been part of this License.

23. Controlling Law and Venue. This License and all matters relating to it shall be governed by the laws of the State of California and any action brought relating to this License shall be held exclusively in a state court in the County of Riverside. The Licenses contained herein shall not be construed in favor or against either party, but shall be construed as if all parties prepared this License.

24. Interest. Any amounts required to be paid by one party to the other party under this License shall bear interest from the date due until paid at the lesser of the rate of ten percent (10%) per annum or the highest rate permitted by applicable law.

25. Attorneys’ Fees. If any action is brought to enforce this License, the prevailing party(s) shall be entitled to recover all costs and expenses of the action including reasonable attorneys’ fees.
10 26. Mediation. The parties agree to make a good faith attempt to resolve any disputes arising out of this License through mediation prior to commencing litigation. The parties shall mutually agree upon the mediator and shall divide the costs of mediation equally. If the parties are unable to agree upon a mediator, the dispute shall be submitted to JAMS/ENDISPUTE ("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.

27. Entire Agreement. This License contains the entire agreement between the parties concerning the subject matter of this License and supersedes any and all other prior agreements, understandings, or negotiations concerning such subject matter.

28. Enforcement. Enforcement of this License may be by any proceeding in law or in equity against any person or persons or entity or entities violating or attempting to violate any of the provisions of this License, and any party enforcing this License may seek to enjoin or prevent such violating party or parties from doing so, may seek to cause any violation to be remedied and/or to recover damages for any violation.

29. Notices. All notices or other communications required or permitted under this License shall be in writing and shall be delivered personally or sent by Untied States mail, registered or certified, return receipt requested, postage prepaid, addressed as 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
If to Licensee: Elsinore Yacht Club
Attn: Daniel Penning
41417 Stork Ct
Lake Elsinore, CA 92532
Any party may, by notice to the other, designate a different address for notices which shall be substituted for that specified above. All notices and other communications given as provided in this paragraph shall be effective upon receipt.

30. Counterparts. This License may be executed in two or more counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument.

31. Authority to Enter License; Administration. Licensee has all requisite power and authority to conduct its business and to execute, deliver and perform the License. The individual who has signed this License on behalf of the Licensee has the legal power, right, and authority to make this License and to bind Licensee. The City Manager of the City shall execute and administer this License on behalf of the City. The City Manager, or authorized representative, shall have the authority to issue interpretations, waive provisions, enter into amendments and extend the Initial Term of this License. Notwithstanding the foregoing, the City Manager may in his/her sole and absolute discretion determine that any matter in connection with this License will be presented to the City Council.
11 32. Prohibited Interest. Licensee maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Licensee, to solicit or secure this License. Further, Licensee 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 Licensee, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this License. For breach or violation of this warranty, City shall have the right to rescind this License without liability. For the term of this License, no member, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this License, or obtain any present or anticipated material benefit arising therefrom.

IN WITNESS WHEREOF, the parties have executed this License on the day and year set forth below.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
Date: _________________ By: ______________________________ Jason Simpson, City Manager
ATTEST:
__________________________

CITY CLERK
APPROVED AS TO FORM:
___________________________
CITY ATTORNEY “LICENSEE”
Elsinore Yacht Club, a California
corporation
Date: ________________ By:

Daniel Penning

EXHIBIT A

SITE MAP
Exhibit A
Site Map

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: January 27, 2026
Subject: Change Order No. 1 to the Agreement with Triton Technology Solutions, Inc. for the design, purchase, and installation of the audio-visual presentation and production and broadcast system in the New City Hall Project (CIP Project No. Z20006)
Recommendation
Approve and authorize the City Manager to execute Change Order No.1 to the Public Works’ Construction Agreement with Triton Technology Solutions Inc. in an amount not to exceed $206,180.87 for the audio-visual presentation and production and broadcast system for the new City Hall Project (CIP Project No. Z20006).

Background
On January 28, 2025, the City awarded a public works construction agreement to Triton Technology Solutions, Inc for the complete design, purchase and installation of the City Hall council chamber audio-visual presentation and production and broadcast system project (CIP Project No. Z20006).

Discussion
The complete design, purchase, and implementation of the City Council chamber audio-visual presentation system, production and broadcast system, and lighting system for the new City Hall involved a comprehensive process to ensure the facility meets current standards for public meetings and communication. The design phase included detailed system documentation, the selection of appropriate technologies, and the development of a proposed equipment list that addressed the unique requirements of the council chamber environment.

Change Order No. 1 Triton Technology New City Hall Project

Page 2 of 2 ends

This process also encompassed programming and system commissioning to ensure seamless integration and functionality across all components.

For the audio-visual presentation system, the focus is on delivering clear, high-quality audio and video capabilities to facilitate effective presentations and discussions during council meetings.

The production and broadcast system is designed to support the live streaming and recording of meetings, ensuring transparency and accessibility for the public. The lighting system, specifically the production lighting, is tailored to enhance visibility for both in-person attendees and broadcast audiences, providing professional-grade illumination that supports video capture and presentation needs.

Triton Technology Solutions, Inc. was selected for this project after a thorough evaluation of proposals, as they were the only company to provide a complete and accurate submittal that met all design, cost, and installation requirements. Their proposal included the integration of all three audio-visual systems, production and broadcast, and lighting—into a cohesive solution tailored to the needs of the new City Hall. The total proposed amount for the project was $1,783,163.18, which covers the design, purchase, and installation of the systems, with funding allocated in the City's Capital Improvement Plan budget. This investment ensures that the new City Hall council chamber is equipped with state-of-the-art technology to support effective governance and public engagement.

The need for Change Order No. 1 in the amount of $206,180.87 arises primarily from increased costs associated with tariffs, equipment upgrades, and final finish selections. Recent tariff adjustments have led to higher prices for certain imported components required for the audiovisual, production, and broadcast systems, directly impacting the council chamber control room budget. In addition, as the system design developed and progressed, it was determined that upgraded equipment and enhanced finish selections were necessary to meet both the technical and aesthetic standards expected for the new City Hall council chamber. These improvements ensure long-term functionality, reliability, and a professional appearance that supports both inperson and broadcast needs. This change order reflects these adjustments, allowing the project to maintain its commitment to quality and modern standards while addressing unforeseen cost escalations.

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

Attachments
Attachment 1 - Change Order No. 1
Attachment 2 – Proposal Change Order
Exhibit A - Signed Agreement
1 DATE:

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

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

City Manager

ITEM UNIT PRICE EXTENSION
See Attached Proposal Change Order
ITEM

QUANTITIES DECREASED
$206,180.87 $206,180.87

UNIT PRICE
CITY PROJECT #
DATE AWARDED: January 28, 2025
PROJECT TITLE: City Hall Control Room Triton Technology Solutions Z00006
Authorized by: Jason Simpson TOTAL AMOUNT OF CONTRACT
$1,783,163.18

QUANTITIES INCREASED

CITY OF LAKE ELSINORE
130 S. MAIN STREET
LAKE ELSINORE, CA 92530
(951) 674-3124
January 27, 2026
PROJECT CHANGE ORDER CHANGE ORDER #
THIS CHANGE ORDER IS APPLICABLE TO:

CONTRACT AWARDED TO:

City Manager:
$206,180.87
Approved by:

Contractor
Change Order No.

Assistant City Manager

EXTENSION

THE AMOUNT OF THE CONTRACT WILL BE (INCREASED) BY THE
$206,180.87
None

QUANTITY
CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

ITEM # QTY MANUFACTURER MODEL # SERIAL # DESCRIPTION PRICE EXTENDED PRICE
1 18 Clock Audio S157-RF
Table Stand. Red led indicator illuminates when a
Microphone is live. Fully protected against RF
interference which will eliminate all GSM frequencies
from 800-1200 MHz. SATIN BLACK
$298.00 $5,364.00
2 18 Clock Audio C35E-SR HALO-RF Semi-Rigid Gooseneck Cardioid Microphone fitted with high brightness Red/Green LED Halo. $391.00 $7,038.00
3 1 Clock Audio TARIFF SURCHARGE TARIFF SURCHARGE $992.00 $992.00 4 5 Clock Audio CDT100MK3-PSU
The CDT100 Dante Transporter MK3 features Audio and
control signals transported via Dante Network. It includes 4x Microphone audio inputs using 3 pin Phoenix
connectors for Balanced connectivity. DSP. (PSU1205
Power Supply included)
$1,184.00 $5,920.00
5 1 Audix M70WD
A steerable, flush-mount condenser microphone
designed for distance miking in a variety of applications Dual-color LEDs can be set via a plugin to indicate mic status.
$540.00 $540.00
6 1 Audix DN43
Analog-to-Dante (or AES67) interface for the Audix M3
tri-element microphone, plus one additional analog
microphone, featuring selectable pre-amp gain, low- and high-pass filters, and LED logic control.
$785.00 $785.00
7 1 Shure MXWAPXD2 The MXWAPXD2 is a 2-channel access point for Microflex® Wireless neXt 2 systems. $1,091.00 $1,091.00 8 2 Shure MXW2X/SM58
With an interchangeable SM58® microphone cartridge,
MXW2x/SM58 features dual transmit antennas that
maximize transmission strength based on the user’s
hand placement.
$508.00 $1,016.00
9 6 RDL RU-BNF Format-A Bi-Directional Network Interface: 1 Input and 3 Format A Outputs $869.00 $5,214.00
10 7 RDL PS-24AS 24 Vdc Switching Power Supply, North American AC Plug, 500 mA, dc Plug $36.00 $252.00
11 1 RDL DB-PSP1A Decora-Style Active Loudspeaker - Format-A BLACK $254.00 $254.00 12 17 RDL DB-PSP1A Decora-Style Active Loudspeaker - Format-A BLACK $254.00 $4,318.00 13 1 FSR DSKB-2G 2 Gang Desktop Box BLACK $125.00 $125.00 14 6 FSR DSKB-2G 2 Gang Desktop Box BLACK $125.00 $750.00 15 11 FSR DSKB-1G 1 Gang Desktop Box - BLACK $115.00 $1,265.00 16 1 Sonance 93540 DSP 2-750 MKIII 70V DSP AMPLIFIER (SKU 93540) $1,650.00 $1,650.00 17 1 Crestron TSW-570-B-S 5 in. Wall Mount Touch Screen, BLACK Smooth $895.00 $895.00 18 1 Crestron TARIFF SURCHARGE TARIFF SURCHARGE $29.00 $29.00 19 7 Sonance PS-C63RT IN-CEILING SPEAKER with WHITE grill (SKU 45131) $182.00 $1,274.00 20 4 Sonance 40156 Round Grilles (Pair) BLACK $35.00 $140.00 21 2 Bose 787856-1110 MSA12X Powered Beam-Steering Array Loudspeaker 20V NA BLACK $3,124.00 $6,248.00
22 2 COVID 1 GANG PLATE BSP Plates for Bose Speakers $97.00 $194.00 23 1 Biamp TESIRA SERVER-IO The Tesira SERVER is a digital network server. $5,089.00 $5,089.00 24 1 Biamp SIC-4 4 channel mic/line input card $283.00 $283.00 25 6 Biamp SEC-4 4 channel mic/line input card with acoustic echo cancellation (1 SPARE) $565.00 $3,390.00
26 2 Biamp SOC-4 4 channel mic/line output card (1 SPARE) $249.00 $498.00 27 1 Biamp DAN-1 64x64 Dante™ interface card (2 cards max per chassis) $1,135.00 $1,135.00 28 1 Biamp TARIFF SURCHARGE TARIFF SURCHARGE $416.00 $416.00 29 1 Listen Tech AURI-TX2N-A0 The Auri™ 2 Channel Transmitter $1,416.00 $1,416.00 30 1 Listen Tech AURI-D16-01 The Auri™ Docking Station 16 $708.00 $708.00 31 8 Listen Tech AURI-RX1
The Auri Audio Receiver is a state-of-the-art assistive listening device that enables venues to provide hearing assistance while meeting accessibility compliance.
$255.00 $2,040.00
32 2 Listen Tech LA-438 The LA-438 Advanced Neck Loop $69.00 $138.00 New Chamber Project BOM
_V5.0 PROPOSAL #:
[email protected]
AUDIO
The City of Lake Elsinore
Lake Elsinore, CA 92530
Gus Papagolos
951-764-2417
130 South Main Street 32234 Paseo Adelanto Suite E-1 | San Juan Capistrano, CA 92675 phone: 949.388.3919 | fax: 866.275.9175 www.TritonTechnologySolutions.com | contractor’s license #951869

BECAUSE TECHNOLOGY NEVER ENDS

Page 1 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

ITEM # QTY MANUFACTURER MODEL # SERIAL # DESCRIPTION PRICE EXTENDED PRICE
New Chamber Project BOM
_V5.0 PROPOSAL #:
[email protected]
AUDIO
The City of Lake Elsinore
Lake Elsinore, CA 92530
Gus Papagolos
951-764-2417
130 South Main Street 32234 Paseo Adelanto Suite E-1 | San Juan Capistrano, CA 92675 phone: 949.388.3919 | fax: 866.275.9175 www.TritonTechnologySolutions.com | contractor’s license #951869

BECAUSE TECHNOLOGY NEVER ENDS
33 10 Listen Tech LA-401 Universal Ear Speaker $19.00 $190.00 34 4 Listen Tech LA-304 Assistive Listening Notification Signage Kit $21.00 $84.00 35 1 Audio Press Box APB-112 IW-D-USB-US In Wall Active Unit w/1 Channel DANTE Input - 8 LINE/Mic & 4 USB-C Output $2,555.00 $2,555.00
36 1 Tascam SS-R250N
SD card recorder/player. Audio may be recorded to SD
Card or USB stick and uploaded automatically to your
desired FTP server.
$1,006.00 $1,006.00
37 1 Tascam IF-DA2 2 IN / 2 OUT Dante interface card for the SS-R250N/SSCDR250N $415.00 $415.00 38 1 Shure MX412S/C
Condenser Microphone, Cardioid, 30.5 cm / 12 Inch
Gooseneck, Green LED at the Bottom, Bottom Cable
Exit, Preamp Included, Black, 3-pin XLR Connector
$229.00 $229.00
39 1 Shure A412B Desktop Base $66.00 $66.00
40 1 Focusrite REDNET AM2
Compact Dante-compatible stereo monitoring unit
combining headphone and balanced line outputs for
monitoring of signals from the Dante network
$663.00 $663.00
41 2 Sony MDR-7506 Foldable Large Diaphragm Headphones $118.00 $236.00 42 2 Tannoy GOLD 7
300W Dual Concentric Powered Nearfield Studio Monitor
with 6.5" Woofer and 1" Titanium Tweeter with Tulip
Waveguide (each)
$426.00 $852.00
$66,763.00
43 1 Crestron CP4N
4-Series™ Control System. A rack-mountable control
system with a powerful 4‑Series™ control engine and
numerous integrated control ports.
$1,925.00 $1,925.00
44 1 Crestron DGE-1000 Digital Graphics Engine 1000 $1,875.00 $1,875.00 45 1 Crestron TST-1080 10.1 in. Wireless Touch Screen $2,375.00 $2,375.00 46 1 Crestron TST-1080-DSW Wall Dock for TST-1080 $875.00 $875.00 47 1 Crestron TST-902-DSW-WMKM Postconstruction Wall Mount Kit with Mud Ring for TST902-DSW and TST-1080-DSW $124.00 $124.00 48 1 Crestron TSD-2220-B 21.5 in. HD Touch Screen Display, BLACK $1,375.00 $1,375.00 49 1 Crestron TARIFF SURCHARGE TARIFF SURCHARGE $274.00 $274.00 50 2 Sandies 393-24 24VDC Three sided On-Air Light $139.00 $278.00 51 2 AVPro Edge AC-MXNET-CBOX-HA 120325103100348
120325103100347 MXNet Control Box, Web based – Apache Web Server $385.00 $770.00 52 1 RDL ST-LCR1H High Power Logic Controlled Relay - 8 A $159.00 $159.00 53 1 CZH-LABS MD-D1341T-1 OONO DIN Rail Mount 30A/300V 8x3 Position Pluggable Terminal Block Distribution Module $29.00 $29.00
54 1 T&G B0BFFSMBC7 5 pieces - 35mm DIN rail 18" Long $24.00 $24.00 55 1 Panasonic AW-RP150 C5TKB0022 Camera Controller $4,350.00 $4,350.00 56 1 SainSmart 101-70-102 8-Channel 5V Relay Module $17.00 $17.00 57 1 Mean Well GST18A05-P1J 5V 15 W AC/DC External Desktop (Class I) Adapter $17.00 $17.00 58 1 Mean Well YP12_YC12 CORD NEMA5-15P-IEC320-C13 6' BLK $7.00 $7.00 $14,474.00
59 4 Apantac OG-KVM-IP-TX-SET-1
openGear card. KVM Extender over IP, HDMI with
Looping Input, USB Mouse & USB Keyboard over
Gigabit Ethernet without SFP
$1,047.00 $4,188.00
60 1 Apantac OG-KVM-IP-TX-SET-2
openGear card. KVM Extender over IP, HDMI with
Looping Input, USB Mouse & USB Keyboard over
Gigabit Ethernet with SFP-1G-RJ45-Tx, RJ45 copper
connection.
$1,134.00 $1,134.00
61 5 Apantac KVM-IP-RX-P KVM Receiver over Ethernet $848.00 $4,240.00 62 1 Logitech 910-004654 Logitech Spotlight presentation remote control - SLATE $118.00 $118.00 63 5 Logitech 920-012274 Logitech MX Keys S Combo w/ Bolt receiver $203.00 $1,015.00 64 2 Logitech 956-000007 Logitech Logi Bolt Wi-Fi Adapter for Desktop Computer, Keyboard, Mouse, Notebook - USB Type A - External $16.00 $32.00 65 1 Eaton B021-SWHD-K 3520AATCB8B0200036 1U Rack-Mount Short-Depth HDMI KVM Console with

18.5 in. LCD $1,875.00 $1,875.00
66 2 Dell P2425DE Dell Pro 24" Plus QHD USB-C Hub IPS Monitor $339.00 $678.00 67 1 ELO ET2270L-2UWA-1-BL-G 22" Touchscreen Monitor with Anti-Glare Glass - 10 Touch, 1920 x 1080, BLACK (PODIUM) $469.00 $469.00
$13,749.00
68 4 Cleerline SSF-LC12-MM-OM3-4 Adapter Plate, 12 Fiber, Duplex, LC/UPC, 50 µm OM3-4, Aqua $40.00 $160.00
69 4 Cleerline SSF-1RU-E3 1RU Enclosure, Empty, Holds up to 3 plates, comes w/ Flush Mount Rack Ears $248.00 $992.00

CONTROL
CONTROL TOTAL:

AUDIO TOTAL:

KVM
KVM TOTAL:

FIBER DISTRIBUTION

Page 2 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
70 1 Cleerline 24STD50125MOM3P SSF 24 Strand OM3, Single Tube Micro Distribution Loose Tube, Plenum Indoor/Outdoor - 1000ft Spool $4,538.00 $4,538.00 71 5 Cleerline SSF-BLANK BLANK PANELS FOR SSF-1RU-E3 $9.00 $45.00 $5,735.00
72 1 EDATEC ED-PI5CASE-EXT Raspberry Pi case $15.00 $15.00 73 1 Waveshare 1646-1 PoE daughter board $33.00 $33.00
74 1 Raspberry Pi SC1642 Single board computer w/ 2g $62.00 $62.00 75 1 Netgear VSM4320C-100NES 16xSFP28 25G and 4xQSFP28 100G Managed Switch $7,118.00 $7,118.00 76 1 Netgear APS600W-300NES Additional Power supply for VSM4320C $277.00 $277.00 77 12 Cleerline UOM3LCLC02m-UPC
2m (7ft) Fiber Patch Cable, 2 Fibers, LC UPC Duplex to
LC UPC Duplex, Multimode (OM3), Riser (OFNR),

2.0mm, Tight-Buffered, Aqua
$17.00 $204.00
78 8 Optic.ca NGS25G-CU2M-OC
Optic.ca 25GBASE-SFP28 PASSIVE TWINAX CABLE, 2
METER LENGTH, 100% NETGEAR
(2 Spare)
$83.00 $664.00
79 14 Optic.ca NGS25G-SR-OC
Optic.ca 25GBASE-SR SFP28, 850NM, 100M,MMF,
100% NETGEAR COMPATIBLE
(2 Spare)
$95.00 $1,330.00
80 4 Netgear MSM4352-100NES
(44M4x4V)
44x2.5G, 4x10G/Multi-gig PoE++ (194W base, up to
3,314W) and 4xSFP28 25G (MSM4352) Managed Switch $3,955.00 $15,820.00 81 7 Netgear APS2000W-100NES 2000W Modular Power Supply Unit for M4350 series Switches $594.00 $4,158.00
82 2 Netgear MSM4332-100NES
M4350-24M4X4V 24x2.5G, 4x10G/Multi-gig PoE++
(522W base, up to 2,520W) and 4xSFP28 25G Managed
Switch
$3,164.00 $6,328.00
83 2 Netgear APS2000W-200NES 2000w Power Supply for 4352 series $594.00 $1,188.00 84 2 Netgear WBE718-111NAS Cloud Managed WiFi 7 Access Point $396.00 $792.00 85 2 OLEA AUSTIN 22L
Landscape Freestanding Kiosk Optiplex MFF, 21.5"
PCAP Anti-glare LCD with Privacy Filter Industrial
Stainless Keyboard & Trackball
$6,795.00 $13,590.00
86 2 TPGI JAWS FOR KIOSKS Annual Pricing Software Subscription $248.00 $496.00 87 2 TPGI SERVICES Implementation File Service $2,942.00 $5,884.00 88 1 Netgear GSM4210PX M4250-8G2XF-PoE+ AV Line 8x1G PoE+ 220W and 2xSFP+ Managed Desktop Switch $741.00 $741.00
$58,700.00
89 4 Tripp Lite ISOBAR6ULTRA 6-Outlet Surge Protector, 6 ft. Cord with Right-Angle Plug, 3330 Joules, Diagnostic LEDs, Metal Housing $93.00 $372.00 90 2 Surgex SX-DSP-169 120V/16A Horizontal PDU w/ network control & power filtration $888.00 $1,776.00
91 2 Xtreme Power P91-2KLi
Online UPS with Lithium-ion batteries; 2U; 120VAC; 6'
input line cord with 5-20 plug; (8) 5-15/20R output
receptacles, (4) of the output receptacles programmable as group; 1-8A adjustable charger; Full Load Runtime =
14 min
$2,611.00 $5,222.00
92 2 Xtreme Power P90-RAIL 4-Post Rail Kit for use with P91(g)-1000, 1500, 2000, 3000 $95.00 $190.00
93 8 Xtreme Power J60-600 Slim form factor/under-desk 600VA lithium UPS (dais computers) $525.00 $4,200.00
94 2 Xtreme Power SNMP-2PV3
Internal SNMP/WEB Card for use with P80 or P91(g)
Series UPS; Allows for monitoring and management of
UPS through a web browser or SNMP platform:

Provides shutdown of remote clients via LAN, and Email
Notification of UPS status and events.
$252.00 $504.00
95 1 Xtreme Power TARIFF SURCHARGE TARIFF SURCHARGE $1,213.00 $1,213.00 96 3 Xtreme Power P91g-3kLi
Online UPS with Lithium-ion batteries; 2U; 230VAC; 6'
input line cord with L6-20 plug; (1) IEC C19 + (8) IEC
C13 output receptacles,
$3,164.00 $9,492.00
97 3 Xtreme Power P90-RAIL 4-Post Rail Kit for use with P91(g)-1000, 1500, 2000, 3000 $95.00 $285.00
98 3 Xtreme Power SNMP-2PV3
Internal SNMP/WEB Card for use with P80 or P91(g)
Series UPS; Allows for monitoring and management of
UPS through a web browser or SNMP platform:

Provides shutdown of remote clients via LAN, and Email
Notification of UPS status and events.
$252.00 $756.00
99 1 Xtreme Power TARIFF SURCHARGE TARIFF SURCHARGE $1,264.00 $1,264.00 100 1 Lowell PSTC60PNI Packaging Cost for Custom Vertical PDU $41.00 $41.00 101 1 Lowell X9-lL1LlC15LLLL
Custom PowerStac Vertical Strip,
(6) 220V/20A CIRCUITS, (1) 120V 20A CIRCUITS
(6) L6-20R, (1) TRIPLE DUPLEX
$2,047.00 $2,047.00
102 4 Surgex SX-DSP-169i
240V/16A Horizontal PDU w/ network control & power
filtration ESTIMATED - WAITING ON COST FROM

GERMANY
$1,536.00 $6,144.00
FIBER DISTRIBUTION TOTAL:

DIAS RACK
RACK 102

NETWORKING
NETWORKING TOTAL:

POWER

Page 3 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
103 1 Surgex TARIFF SURCHARGE TARIFF SURCHARGE - ESTIMATED WAITING ON FINAL COST FROM GERMANY $645.00 $645.00
104 3 Cable Leader PW121-1206 6ft IEC320 C20 to C19 Heavy Duty Power Cord 12AWG 20A/250V SJT, Black $13.00 $39.00
105 1 Cable Leader PW142-1206 6ft NEMA L6-20P to C19 Heavy-Duty Locking Power Cord 12 AWG 20A/250V $14.00 $14.00
106 2 Tripp Lite P002-000 NEMA 5-15R TO C14 POWER CORD ADAPTER $7.00 $14.00 107 24 Cable Leader PW120-1206 6ft IEC-320 C13 to C14 Heavy-Duty Power Extension Cord 14 AWG 15A/250V SJT, Black $13.00 $312.00
108 1 Lowell X9-C15111L151LL
Custom PowerStac Vertical Strip,
(3) 220V/20A CIRCUITS, (2) 120V/20A CIRCUITS
(1) TRIPLE DUPLEX, (1) SINGLE DUPLEX, (3) L6-20R
$1,709.00 $1,709.00
109 1 Lowell PSTC60PNI Packaging cost $41.00 $41.00
110 2 Xtreme Power P91g-3kLi
Online UPS with Lithium-ion batteries; 2U; 120VAC; 6'
input line cord with L6-20 plug; (1) IEC C19 + (8) IEC
C13 output receptacles, (3) of the 5-15/20R output
receptacles; 1-8A adjustable charger; Full Load
Runtime = 11 min
$3,164.00 $6,328.00
111 2 Xtreme Power P90-RAIL 4-Post Rail Kit for use with P91(g)-1000, 1500, 2000, 3000 $95.00 $190.00
112 2 Xtreme Power SNMP-2PV3
Internal SNMP/WEB Card for use with P80 or P91(g)
Series UPS; Allows for monitoring and management of
UPS through a web browser or SNMP platform:

Provides shutdown of remote clients via LAN, and Email
Notification of UPS status and events.
$252.00 $504.00
113 1 Xtreme Power TARIFF SURCHARGE TARIFF SURCHARGE $843.00 $843.00 114 3 Surgex SX-DSP-169i
240V/16A Horizontal PDU w/ network control & power
filtration ESTIMATED - WAITING ON COST FROM

GERMANY
$1,536.00 $4,608.00
115 1 Surgex TARIFF SURCHARGE TARIFF SURCHARGE - ESTIMATED WAITING ON FINAL COST FROM GERMANY $484.00 $484.00
116 2 Cable Leader PW121-1206 6ft IEC320 C20 to C19 Heavy Duty Power Cord 12AWG 20A/250V SJT, Black $13.00 $26.00
117 1 Cable Leader PW142-1206 6ft NEMA L6-20P to C19 Heavy-Duty Locking Power Cord 12 AWG 20A/250V $14.00 $14.00
118 14 Cable Leader PW120-1206 6ft IEC-320 C13 to C14 Heavy-Duty Power Extension Cord 14 AWG 15A/250V SJT, Black $13.00 $182.00
119 2 Tripp Lite P002-000 NEMA 5-15R TO C14 POWER CORD ADAPTER $7.00 $14.00 120 1 Lowell H-555555555555577
Custom PowerStac Vertical Strip,
(2) 120V/30A CIRCUITS, (13) 120V/20A CIRCUITS
(2) L5-30R, (13) NEMA 5-20R
$2,362.00 $2,362.00
121 1 Lowell PSTC60PNI packaging cost $41.00 $41.00
122 2 Xtreme Power P91-3kLi
Online UPS with Lithium-ion batteries; 2U; 120VAC; 6'
input line cord with L5-30 plug; (1) L5-30R + (6) 5-
15/20R output receptacles, (3) of the 5-15/20R output
receptacles programmable as group; 1-8A adjustable
charger; Full Load Runtime = 11 min
$3,164.00 $6,328.00
123 2 Xtreme Power P90-RAIL 4-Post Rail Kit for use with P91(g)-1000, 1500, 2000, 3000 $95.00 $190.00
124 2 Xtreme Power SNMP-2PV3
Internal SNMP/WEB Card for use with P80 or P91(g)
Series UPS; Allows for monitoring and management of
UPS through a web browser or SNMP platform:

Provides shutdown of remote clients via LAN, and Email
Notification of UPS status and events.
$252.00 $504.00
125 1 Xtreme Power TARIFF SURCHARGE TARIFF SURCHARGE $843.00 $843.00 126 3 Surgex SX-DSP-169 120V/16A Horizontal PDU w/ network control & power filtration $888.00 $2,664.00
127 2 StayOnline Electronics 35058 NEMA L5-30 Male Plug to IEC320 C19 Connector 1.8 Meters / 6 Feet 20A/125V 12/3 SJT Black - Power Cord $33.00 $66.00 128 1 LynTec PDS-12 120V, 12 Circuit Sequencer with 30 amp latching relays installed. One SS-2 Switch Set included. $2,003.00 $2,003.00 129 1 Xtreme Power P91-3kLi
Online UPS with Lithium-ion batteries; 2U; 120VAC; 6'
input line cord with L5-30 plug; (1) L5-30R + (6) 5-
15/20R output receptacles, (3) of the 5-15/20R output
receptacles programmable as group; 1-8A adjustable
charger; Full Load Runtime = 11 min
$3,164.00 $3,164.00
130 1 Xtreme Power P90-RAIL 4-Post Rail Kit for use with P91(g)-1000, 1500, 2000, 3000 $95.00 $95.00
131 1 Xtreme Power SNMP-2PV3
Internal SNMP/WEB Card for use with P80 or P91(g)
Series UPS; Allows for monitoring and management of
UPS through a web browser or SNMP platform:

Provides shutdown of remote clients via LAN, and Email
Notification of UPS status and events.
$252.00 $252.00
RACK 101
RACK 103

CONTROL ROOM

Page 4 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
132 1 Xtreme Power TARIFF SURCHARGE TARIFF SURCHARGE $422.00 $422.00 133 2 Surgex SX-DSP-169 120V/16A Horizontal PDU w/ network control & power filtration $888.00 $1,776.00
134 5 Cable Leader PW116-1210 10ft NEMA 5-15P to C13 Universal AC Power Cord 14AWG SJT 15A/125V, Black $12.00 $60.00
135 3 Lowell ACR-1507-SSI-FC
Service Interface Panel provides a quick way to access a network from the front of the rack, using (USB or RJ45) pass-through connectivity ports. The panel aids service technicians as well as FOH customers, providing easy-toreach network ports for their devices. Model ACR-1507- SSI-FC includes high speed front charging ports and 7
power outlets with surge suppression.
$406.00 $1,218.00
$71,461.00
136 1 Leader LT4670 6627486
A ‘True-Hybrid’ Sync Generator compatible with Black
Burst/Tri-level sync/PTP signals for both SDI and IP
systems
$4,687.00 $4,687.00
137 1 Leader LT4670-SER11 Redundant power supply $399.00 $399.00 138 2 Leader LT4670-SER02 SDI signal support opt $1,174.00 $2,348.00 139 1 Leader LT4670-SER03 PTP for LT4670 $1,341.00 $1,341.00 140 4 Ross UDA-8705A-R2L Analog Video Utility Distribution Amplifier $366.00 $1,464.00 141 1 Ross ADA-8405-C Analog Audio and Timecode DA with Remote Gain $366.00 $366.00 142 1 Ross R2C-8405 20 Slot Rear Module for ADA-8405-C $99.00 $99.00 143 3 Ross OGX-FR-CNS openGear OGX Frame with Cooling and Advanced Networking and SNMP $2,665.00 $7,995.00
144 3 Ross PS-OGX 600 Watt Universal Power Supply for OGX Frame $738.00 $2,214.00 $20,913.00
145 1 Liberty Cable DL-ARDD Universal HDMI Adapter Ring 2.0 with 3 Cable Adapters $142.00 $142.00 146 5 AVPro Edge AC-MXNET-1G-DANTEEV2
AC-MXNET-1G-DANTE-EV2 adds Dante audio encoding
capability to the enhanced video quality of MXnet
Evolution II, providing system designers with flexible
endpoint options while simultaneously consolidating
wiring paths.
$736.00 $3,680.00
147 2 Extron 60-1607-01 DA2 HD 4K PLUS - Two Output 4K/60 HDMI DA $557.00 $1,114.00 148 1 Lilliput 719/c 7 Inch 1000 Nits NON-TOUCH HDMI+VGA Monitor $206.00 $206.00 149 1 Samsung QM32C 0SAMHNDY701441 32" commercial monitor for Lectern $589.00 $589.00 150 1 Chief FTR100 Small Flat Panel Wall Mount - Lectern $72.00 $72.00 151 1 Barco R9861622USB2 1875591631 CX-50 GEN2 Set, ClickShare Base + 2 Buttons, TAA Compliant - Black $3,437.00 $3,437.00
152 2 Apantac OG-SDI-HDTV-SET-1 SDI to HDMI Converter without Scaler includes OG-SDIHDTV-MB card and OG-SDI-HDTV-RM Rear Module $386.00 $772.00 153 2 AJA U-TAP-SDI-R0 U-TAP SDI
Simple USB 3.0 Powered SDI Capture $388.00 $776.00
154 4 Apantac OG-US-4000-SET-1 Bi-directional Universal Scaler with Genlock $2,610.00 $10,440.00 155 4 Apantac SFP-1G-RJ45-Tx 1G SFP for US-4000 $92.00 $368.00 156 7 AVPro Edge AC-MXNET-1G-DANTEDV2
121325091300042
121325091300125
121325091300170
121325091300172
121325091300178
121325091300176
121325091300175
MX Net Evolution II 1G Decoder/Receiving Device $736.00 $5,152.00 157 2 Audinate ADP-USB-AU-2X2 DANTE USB adapter $162.00 $324.00 158 2 Tripp Lite U336-000-R USB Network Adapter $25.00 $50.00 159 2 Audinate VIRTUAL SOUND CARD AUDINATE VIRTUAL SOUND CARD TRANSERABLE LICENSE $125.00 $250.00
POWER TOTAL:

SYNC
SYNC TOTAL:

VIDEO

Page 5 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
160 3 AJA Hi5-PLUS
3 Transferred from LB:

K0774387
K0774388
K0774313
3G-SDI to HDMI with PsF to P support, Includes 1 Meter
HDMI Cable $448.00 $1,344.00
161 3 AJA Hi5-PLUS 3G-SDI to HDMI with PsF to P support, Includes 1 Meter HDMI Cable $448.00 $1,344.00
162 2 LG 55UR340C9UD 55 Inch UHD Monitor - (Staff Tables) $756.00 $1,512.00 163 2 Chief TS318SU Medium Thinstall™ Single Swing Arm $347.00 $694.00 164 2 Covid 1 GANG PLATE CUSTOM $232.00 $464.00
165 4 Extron 60-1609-01
DA6 HD 4K PLUS
Six Output 4K/60 HDMI DADA HD 4K PLUS Series
4K/60 HDMI Distribution Amplifiers
$768.00 $3,072.00
166 7 Extron 60-1603-01
A34J7DN
A34J7C7
A34J7F4
A34J7JY
A34J7LH
A34J7LT
A34J7EE
Two Input 4K/60 HDMI Switcher $222.00 $1,554.00
167 1 POLY CASE DC-96PMBYR Electronics enclosure $20.00 $20.00 168 1 POLY CASE DC-96K MOUNTING PANEL $18.00 $18.00
169 1 POLY CASE MBR-100 MOUNTING BOSS SCREWS $6.00 $6.00 170 18 Wearson WS-03A
Foldable Monitor Stand | Low Profile Monitor Stand |
Vesa Stand - Adjustable LCD Monitor Stand Mount
Folding VESA Monitor Desk Stand with VESA Hole
75x75mm 100x100mm
$46.00 $828.00
171 18 Planar PCT2235
PL538LTS00077
PL538LTS00110
PL538LTS00099
PL538LTS00098
PL538LTS00075
PL538LTS00097
PL538LTS00096
PL538LTS00101
PL538LTS00112
PL538LTS00123
PL538LTS00078
PL538LTS00111
PL538LTS00107
PL538LTS00106
PL538LTS00116
PL538LTS00127
PL538LTS00090
PL538LTS00095

21.5" Full HD LCD Touchscreen 1920X1080 $313.00 $5,634.00 172 7 COVID QT-C-4971 4.560x4.590, Bk, Custom Plate $97.00 $679.00 173 1 Extron 70-1124-02
(CCB 30) A270K41 Three-Button Contact Closure Remote for Cable Cubby and AVEdge Enclosures $222.00 $222.00 174 5 Extron CCB30
A25DX7X
A25DX79
A25DX80
A25DX84
A25DX93
Three-Button Contact Closure Remote for Cable Cubby
and AVEdge Enclosures $222.00 $1,110.00
175 2 Extron CCB30 Three-Button Contact Closure Remote for Cable Cubby and AVEdge Enclosures $222.00 $444.00
176 1 IHSE MV42-DPDH Draco MultiView 4K60 DP1.2 Dual-Head $8,389.00 $8,389.00 177 2 Viewsonic VA2756-4K-MHD 27" 4K UHD IPS Monitor with HDMI, DisplayPort $298.00 $596.00 178 17 Bluefin 20-3018-0014B
BLUEFIN DISPLAY: 20-3018-0014B (20.9" (22X6) UW
FINISHED FLEX-OS/BRIGHTSIGN POE++, 1920X360);
PEERLESS-AV MOUNT: SF632P (FLAT

LANDSCAPE/PORTRAIT MOUNT)
$1,098.00 $18,666.00
179 3 Integrator Products PT-102W Wall Mount (WHITE) $175.00 $525.00 180 2 Vaddio 535-2000-243 This Profile Wall Mount for Sony and Panasonic PTZ Cameras $162.00 $324.00
181 5 Panasonic AW-UE160
C5TBA0016
C5TBA0018
D5TBA0045
D5TBA0027
D5TBA0037
UHD 4K 20x PTZ Camera (Black) $13,860.00 $69,300.00
182 1 Ross XPN-4RU-M9 XPression 4RU HD-SDI Chassis $16,941.00 $16,941.00

Page 6 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
183 1 Ross Video XSTS-0001 XPression Studio Single Channel (SW Only) $18,117.00 $18,117.00 184 1 Ross Video XPN-KBD XPression Custom Keyboard $1,379.00 $1,379.00 185 1 Ross Video XST-DLQ DataLinq Server Option $4,649.00 $4,649.00 186 1 Cablecast CBL-VIO4-800
Cablecast VIO 4 Video Server - 3 year hardware
warranty, system commissioning and one
year of Gold support included.
$24,142.00 $24,142.00
187 2 Cablecast CBL-VIO4-HA
Annual hardware warranty subscription for the CBLVIO4. First 3 years are included with the purchase.
$2,414.00 $4,828.00
188 1 MediaScribe MS-SUB-CORE Annual Subscription for MediaScribe $10,000.00 $10,000.00 189 1 Cablecast CBL-CGPLAYER-LIC Cablecast CG Player License.. $1,550.00 $1,550.00 190 1 Cablecast CBL-CAPTIONING-500 Pricing for a 500 hour block of the Cablecast Closed Captioning Service. $3,517.00 $3,517.00
191 1 Cablecast CBL-PLATINUM-4 Cablecast Annual Platinum Support for 3 or 4 I/0. $3,750.00 $3,750.00 192 8 Cablecast CBL-SVC-PH-HRLY Remote Training, Installation Assistance and Service $100.00 $800.00
193 1 AJA KI-PRO-GO2 Ki Pro GO2 is a portable multi-channel H.265 (HEVC)* and H.264 (AVC) recorder. $4,159.00 $4,159.00
194 1 AJA KPU-PWR SUPPLY Ki-Pro redundant power supply $97.00 $97.00 195 1 AJA KPU-SHELF
Two Ki Pro GO2s conveniently fit side by side for easy
2RU rack mounting for workflows that can take
advantage of rack mounting, from facilities to flypacks $105.00 $105.00
196 1 AJA PAK-DOCK-PRO External dock for use with AJA PAK media. $207.00 $207.00 197 2 Samsung MU-PE2T0S/AM 2 TB SSD Drive $295.00 $590.00 198 2 Panasonic TH-55SQE2W SQE2 Series - 55" Class LED-backlit LCD display - 4K - for digital signage $1,855.00 $3,710.00
199 1 Apantac MICRO-4K-DP
4K/UHD (4 x 3G SDI inputs) to Display Port (DP 1.2 /
SST) converter. Supports 3840x2160 / 4096x2160 @
60/50/30/25/24P resolutions, Ycbcr 4:2:2 and RGB 4:4:4, 8 and 10 bits
$2,068.00 $2,068.00
200 1 AJA OG-DANTE-12GAM openGear 12G-SDI/DANTE 64-Channel Embedder/Disembedder $2,630.00 $2,630.00
201 1 Ross ULTRITOUCH-2-HR Ethernet Enabled 2RU Hi Res LCD Touchscreen Control Panel $3,350.00 $3,350.00
202 1 Ross ULTRITOUCH-4 Ethernet-Enabled 4RU LCD Touchscreen Control Panel $6,472.00 $6,472.00 203 2 Ross ULTRITOUCH-PS Power supply for ULTRITOUCH $316.00 $632.00 204 1 Ross ULTRICOOL Smart, directional 1RU cooling system with automatic bonded mode, Dashboard, or manual override $1,143.00 $1,143.00 205 1 Ross ULTRICOOL-PS Power Supply for Ultricool $316.00 $316.00 206 1 Ross ULTRIX-FM-NS-2RU Fan replacement kit for NS 2RU frame $603.00 $603.00 207 1 Ross TD1-PANEL TouchDrive 1 ME 15 XPT Panel $8,436.00 $8,436.00 208 1 Ross TD-TOUCHSCREEN TouchDrive TouchScreen Display $868.00 $868.00 209 3 Ross SRA-8802-R2 High Performance, 3G Reclocking Distribution Amplifier $495.00 $1,485.00 210 1 Ross CUF-PSU Carbonite Ultra Standard Power Supply $530.00 $530.00 211 1 Ross ULTRIX-NS-FR2 Ultrix New Style 2RU Frame w/ 16x16 plus 2 AUX (Ultrimix and Ultriclean included) $14,086.00 $14,086.00 212 1 Ross ULTRIMIX-DANTE Dante 64 ch. I/O license for Ultrix HDX and MODX cards. $1,066.00 $1,066.00 213 1 Ross SFP-RJ45-1G 1G Copper/RJ45 GbE SFP $160.00 $160.00 214 1 Ross ULTRIX-PS Redundant power supply $561.00 $561.00 215 1 Ross ULTRIPOWER 2101AR-230-01 - Ultrix rackmount 1RU power supply frame with 1 power supply $1,980.00 $1,980.00

Page 7 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
216 1 Ross ULTRIPOWER-PS Modular power supply for Ultripower rack mount PS frame $1,066.00 $1,066.00
217 1 Ross CUFR-ADD-ME1 1 ME License $5,543.00 $5,543.00 218 1 Ross CUFR-DOCKIT Ultrix Carbonite Documentation Kit $1.00 $1.00 219 1 Ross XDS0-0001-CPS XPression LiveCG Software Only License $0.00 $0.00 220 1 Ross ULTRISCAPE Ultriscape Multiviewer License $4,416.00 $4,416.00 221 1 Ross ULTRIMIX-MXR Software enabled 32x16 virtual audio mixer for Ultrix routing platforms $3,579.00 $3,579.00
222 2 Ross ULTRISYNC Ultrisync Framesync License $450.00 $900.00 223 1 Ross ULTRIX-COM-1DAY Optional Ultrix Onsite Commissioning - 1 Day $2,253.00 $2,253.00 224 2 Ross CARBONITE-OTR-1DAY Optional Carbonite Operation Training- 1 Day $2,253.00 $4,506.00 225 1 Ross TRAVEL-PRE-001 Pre Paid Service Expense Trip 1 $3,100.00 $3,100.00 226 1 Ross XPRESSION-ONL-1DAY Optional XPression Online Training - 1 Day $2,253.00 $2,253.00 227 2 Ross XPRESSION-OTR-1DAY Optional XPression Operational Training - 1 Day $2,253.00 $4,506.00 228 1 Ross TRAVEL-PRE-002 Pre Paid Service Expense Trip 2 $2,800.00 $2,800.00 229 1 Ross CARBONITE-ONL-COM1DAY Optional Carbonite Online Commissioning - 1 Day $2,253.00 $2,253.00 230 1 Ross XPRESSION-ONL-COM1DAY Optional XPression Online Commissioning - 1 Day $2,253.00 $2,253.00 231 1 Ross SWR-SDPE Production Engine $9,236.00 $9,236.00 232 1 Ross ULTRIX-HDX-IO I/O board -16x16, Advanced Connectivity, 2 AUX I/O $8,756.00 $8,756.00 233 2 Wohler IAM-AUDIO-1+
16 channel, triple screen, 3G-SDI & Analog Audio
Monitor with optional 2022-7 support, plus options to
license additional input signal
$4,940.00 $9,880.00
234 1 Wohler OPT-DANTE ANLG DANTE Option $1,884.00 $1,884.00 235 2 Plura Broadcast PBM-317-3G-10
17" – Broadcast Monitor (1920x1080) Class A- 3Gb/s !-
10bit PANEL, 3D LUT, Dual display with dual W/f & Vect, Incl. HDR capability. Ember+ Optional
$2,940.00 $5,880.00
236 1 Plura Broadcast BENXT-430-X BrightEye NXT 430-X Clean and Quiet Router with UDC $4,743.00 $4,743.00 237 1 Plura Broadcast BENXT-RS232 Optional RS-232 cable for use with appropriate NXT models. Must be installed at factory. $0.00 $0.00
238 1 Plura Broadcast BEPS-NXT-RP BrightEye Redundant Power Option - for use with the BEPS-NXT $157.00 $157.00
239 1 Plura Broadcast BERKMT-Full BrightEye Rack Mount kit for all BrightEye Products - includes Blank Panel Kit and Retainer Kit $269.00 $269.00 240 1 Plura Broadcast PBM-17TRK
Tilt Rack mount for 17" Monitor such as PRM-217-3G,
PRM-317-3G, PBM-317-3G, PBM-317-3G-10, SFP-317-
H, SFP-317-H-7, PBM-217-4K, PBM-217-4K-H, SFP217-10G & PBM-217-25G $265.00 $265.00
241 1 Plura Broadcast TARIFF SURCHARGE TARIFF SURCHARGE $2,489.00 $2,489.00 242 2 Cobalt 9902-UDX 3G/HD/SD Up-Down-Cross Converter/Frame Sync with Multi-Input Auto-Changeover $3,277.00 $6,554.00
243 2 Cobalt RM20-9902-C Backplane for 9902-UDX $129.00 $258.00 244 1 Cobalt PACIFIC 9992-ENC Software definable encoding platform (Includes one +AVC and two +MP1L2-AAC licenses). $6,738.00 $6,738.00
245 1 Cobalt +HEVC Encoding License $1,265.00 $1,265.00 246 1 Cobalt RM20-9992-ENC-BHDBNC 0-Slot Frame Rear I/O Module (Standard-Width) $252.00 $252.00 247 2 AJA HA5-PLUS HDMI to 3G-SDI Mini-Converter $448.00 $896.00 248 1 Decimator DMON-QUAD
4 x (3G/HD/SD)-SDI to HDMI Converters with 1 to 4
MultiViewer, Custom Layouts and 8 Channel Audio
Meters
$348.00 $348.00
249 1 Wohler RMTF-170-3G
17″ LCD Video Monitor, Dual Input 3G/HD/SD-SDI,
Composite, Component, HDMI. Audio/Video Metering.

Rack Mount Frame. 6RU.
$1,884.00 $1,884.00
$390,227.00
250 3 Lowell LGNR-4432 44U x 32"D Gangable AV Rack with Rear Door, 22"W $1,394.00 $4,182.00 251 1 Laguna Designs Custom Console REF Estimate 22170 Includes Monitor Wall $12,415.00 $12,415.00 252 1 Middle Atlantic SRSR-X-18 18ru x 23" deep pull & turn rack $981.00 $981.00 253 3 Middle Atlantic ISO-1 Rack ISO kit $42.00 $126.00 254 1 Marshall ADAP-36
Custom ADA Prairie Style Lectern 36"W
Premium or Custom Match Plain Sliced Wood
Veneer Try to Match to Deskmakers California Walnut
Laminate Finish on Maple
$10,444.00 $10,444.00
255 3 Chief TA-501 Chief THINSTALL IN-WALL BOX- MEDIUM $289.00 $867.00 256 3 Chief CSPBPTA Proximity® Component Storage Panel TA Backplane $180.00 $540.00 VIDEO TOTAL:

RACKS

Page 8 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
257 1 AVPro Edge AC-MXNET-1G-R15
The AC-MXNET-1G-R15 is a 6-RU tall, heavy-duty rack
accessory designed to vertically organize up to 15 MXnet 1G Ecosystem encoders and the AC-MXNET-1G-CBOXB for proper ventilation requirements. Numbered slots enable easy identification in large installations.
$210.00 $210.00
258 3 Bittree B64H-2MWTHD Medium Density Mini-WECO (Midsize), 2x32, 1.5 RU $1,415.00 $4,245.00 259 1 Bittree PCHV Video Patch Cable Holder $34.00 $34.00 260 7 Bittree VPCM3600-75 36" Video Patch Cable Black $32.00 $224.00 261 3 Bittree VPCM3602-75 36" Video Patch Cable Red $32.00 $96.00 262 6 Lowell CBP-1 Brush Panels +1 extra $59.00 $354.00 263 10 Lowell USMG-114 Rack Utility Shelf with Multi-Slot Base, Flanges $64.00 $640.00 264 1 Lowell SDP-4432
Removable steel side panels are designed to fit 32"
Lowell racks. Side panels consist of two pieces per side for easier maneuverability.
$784.00 $784.00
265 1 Lowell RGH40 Ganging Hardware $31.00 $31.00
266 3 Lowell LCC4-4432
Three-piece, 16-gauge steel vertical raceway is
engineered to provide extra wiring space, either between gangable racks or at the end of a multi-bay configuration $234.00 $702.00
$36,875.00
267 4 Dell QBM1250
Micro Plus
Processor Intel® Core™ Ultra 9 285 (13 TOPS NPU, 24
cores, up to 5.6GHz)
Operating System Windows 11 Pro
Memory32 GB: 2 x 16 GB, DDR5, up to 5600 MT/s, nonECC
Storage1TB SSD TLC
Intel Wi-Fi 7 BE200, 2x2 Bluetooth, wireless, internal
antenna
(PC Does not need city imaging with Microsoft Suite.

Engineering PC's Only)
$0.00 $0.00
268 8 Dell QBM1250
Micro Plus
Processor Intel® Core™ Ultra 7 235TA (13 TOPS NPU,
14 cores, up to 5.0GHz)
Operating System Windows 11 Pro
Memory32 GB: 2 x 16 GB, DDR5, up to 5600 MT/s, nonECC
(1)Storage 1TB SSD TLC
$0.00 $0.00
269 1 Spectrum ENCODER $0.00 $0.00
270 1 Frontier ENCODER $0.00 $0.00
271 1 FSR FL-400-PLP-BLK-C FL-400 Cover with 1/4" Painted Carpet Flange - Black (Lift off door) (1-3-1) CONFIG (PODIUM LOCATION) $0.00 $0.00 272 1 FSR FL-400-5-B 5" Box Bottom (PODIUM LOCATION) $0.00 $0.00 273 2 FSR PWB-320XL-ESK 4" Extra Large Open Style Wall Box: PWB-320XL-ESK (DAIS BOXES) $0.00 $0.00
274 2 FSR 17778 SF4-PT-BLK 4" Fire Rated Poke Thru Box and Cover:

SF4-PT-BLK (KIOSK) $0.00 $0.00
275 2 FSR 17780 SF4-SPD2S Sub Plate with 1 Decora and 2 Keystone Openings (KIOSK) $0.00 $0.00
$0.00
276 1 Barbizon Quote R250626DS0-R0

BUDGET INCLUDES HARDWARE AND

COMMISSIONING SERVICES FOR PRODUCTION
LIGHTING ONLY. BARBIZON will specifiy house
fixtures but the fixtures and installation to be done by the Electrician. Electrician needs to install down lighting for Production also.
$123,465.00 $123,465.00
$123,465.00
277 2 Planar
DLSlim 1.5M20 12x3‚ VC8-L-C5G‚ 2304x1296 resolution‚

11.9x6.7 ft‚ 163.9 diagonal inches
This will require a depost at time of ordering and 100% pre payment at time of shipment. This pricing is only
good until May 30, 2025
$0.00 $0.00
278 72 Planar 933-1830 DLSlim Chassis DirectLight Slim Chassis, 48VDC (Add 4 modules for full cabinet) $0.00 $0.00
279 288 Planar 926-0527
L Pro/Slim 1.5mm uLED Module
DirectLight Pro/Slim LED module using 1.5mm pitch
microLED in a 4in1 package, Native color gamut
$583.00 $167,904.00
280 16 Planar 926-0527
L Pro/Slim 1.5mm uLED Module
DirectLight Pro/Slim LED module using 1.5mm pitch
microLED in a 4in1 package, Native color gamut
$583.00 $9,328.00
281 2 Planar 750-2320 VC8-L-C5G 8-Out Video Controller, L version, 4xHDMI in, 8xCAT Out at 5Gb each. HSL Loop $12,059.00 $24,118.00 RACKS TOTAL:

OFE - OWNER FURNISHED EQUIPMENT - CITY NEEDS TO PROVIDE OFE TOTAL:

BROADCAST LIGHTING
BROADCAST LIGHTING TOTAL:

LED WALL

Page 9 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
282 2 Planar 175-0970
Cable Assy, PWR, DIN, 4FT 4-pin DIN connector power
cable, 4 feet. Typically used to connect the VC and the RPS.
$0.00 $0.00
283 4 Planar 750-2353
RPS-110a, Triple 100-240Vac Remote Power Supply
(RPS) 100-240Vac input voltage range with single
Remote Power Supply Module for 3x 48VDC/1150W
rated outputs and 2x 48V/150W rated Aux output
$3,971.00 $15,884.00
284 10 Planar 175-1258 CABLE ASSY, DATA, CAT6A, 200FT $290.00 $2,900.00 285 40 Planar 903-1756 Cable Assy, DATA, CAT6, 2m $0.00 $0.00 286 10 Planar 903-1755 Cable Assy, DATA, CAT6, 150m $0.00 $0.00 287 14 Planar 175-1124
Cable Assy,PWR, DC, 48V, 200FT 200-foot (60-meter)
Primary Power Cable - to provide a 48V power
connection from the Power Supply Module to the display
$551.00 $7,714.00
288 12 Planar 175-0887 Cable Assy, PWR, DC, 3.3FT $0.00 $0.00 289 22 Planar 530-1249 M8x8, Set FLT SS Bag/25 $0.00 $0.00 290 4 Planar 530-1273 Screw,M8x7,Set,Cone,SS Bag/25x $0.00 $0.00 291 4 Planar 146-0001 BATTERY,AAA $0.00 $0.00
292 4 Planar 175-0757 Cable,IR-Ext. Cable-30 ft $118.00 $472.00 293 2 Planar 903-1201 IR Receiver Cable $23.00 $46.00
294 2 Planar 952-0086
Planar Remote (RPS_VC, UR_X_P_L_W, LO, SLM,
SLM2, SLP) Remote Control used for Matrix G3,
UR/URX/URP/URL/URW, SLM, QE, LookThru, TVF,
Ultra, and DLX product families.
$46.00 $92.00
295 2 Planar 955-0980 Kit, Accessory, CL, DLPro $0.00 $0.00 296 4 Planar 902-0797
Replacement Remote Power Supply Module (RPSMa).

One RPSMa. (1) Remote Power Supply Module
(RPSMa). Required to add power redundancy to power
supply. Sold per power supply
$928.00 $3,712.00
297 4 Planar 903-0639 Cable,Power, C19, US, 15ft $36.00 $144.00 298 72 Planar 990-1558
SVC CONTR, EverCare Wty. Planar EverCare Lifetime
Limited Warranty. Covers a limited selection of Planar
displays sold and installed in North America. Customer
registration required.
$0.00 $0.00
299 16 Planar 241-0966
Carton,LED Module FRU FRU Carton for LED Module.

TVF, DLX, TWS, TWA module compatibility. 18-1/8 x 11-
7/8 x 2-1/4 inch carton including pink ESD foam.
$0.00 $0.00
300 2 Planar 905-0199
GOLD-TIER-Ultra
Gold tier Professional services including Ultra
commissioning, assisted installation, and on-site training.

Please refer to Statement of Work (SOW) for details.
$16,390.00 $32,780.00
301 1 Planar FRC FREIGHT & SHIPPING $5,288.00 $5,288.00 302 1 Planar IMPORT
Import Tariff Fee UPDATED 8/11/25
Import Tariff Fees are subject to change. Fees are
estimated on a basis of current tariffs in effect as if product shipped today. Final Fees will be updated and
confirmed before shipment on a basis of actual import
tariff fees.
$23,558.00 $23,558.00
303 2 Peerless-AV Concave-Curved 12W x 3H Fixed Concave-Curved Mount Solution $14,417.00 $28,834.00 304 2 Peerless-AV Perimeter Trim Perimeter Trim $5,158.00 $10,316.00 305 1 Peerless-AV Calculations Optional PE Calculations - (2) Mount Solutions $4,706.00 $4,706.00

Page 10 of 11 ends

CUSTOMER: QUOTE DATE: January 9, 2026
ADDRESS:

CONTACT:

PHONE #: SHEET: MAIN BOM
EMAIL:

BECAUSE TECHNOLOGY NEVER ENDS
306 1 Peerless-AV Full Installation
Optional Full Installation Services, Non Union - (2)
Mount Solutions Includes Consultation Support-price
discounted)
$20,471.00 $20,471.00
$358,267.00
307 2 Clock Audio S 157-RF
Table Stand. Red led indicator illuminates when a
Microphone is live. Power requirements 48 Volt Phantom
supply. A Female 5 Pin XLR plug is provided for input
connection and 5 Pin or 7 Pin Male socket mounted on
the rear of the product is provided for output connection.

Fully protected against RF interference which will
eliminate all GSM frequencies from 800-1200 MHz.

Finish: Satin Black. TARIFF CHARGE
$298.00 $596.00
308 2 Clock Audio C35E-SR HALO-RF Semi-Rigid Gooseneck Cardioid Microphone fitted with high brightness Red/Green LED Halo. TARIFF CHARGE $391.00 $782.00 309 1 Clock Audio TARIFF SURCHARGE TARIFF SURCHARGE $111.00 $111.00 310 1 AVPro Edge AC-MXNET-1G-DANTEEV2
AC-MXNET-1G-DANTE-EV2 adds Dante audio encoding
capability to the enhanced video quality of MXnet
Evolution II, providing system designers with flexible
endpoint options while simultaneously consolidating
wiring paths.
$736.00 $736.00
311 1 AVPro Edge AC-MXNET-1G-DANTEDV2 121325091300182 MX Net Evolution II 1G Decoder/Receiving Device $736.00 $736.00 312 2 Bluefin 20-3018-0014B
BLUEFIN DISPLAY: 20-3018-0014B (20.9" (22X6) UW
FINISHED FLEX-OS/BRIGHTSIGN POE++, 1920X360);
PEERLESS-AV MOUNT: SF632P (FLAT

LANDSCAPE/PORTRAIT MOUNT)
$1,098.00 $2,196.00
313 2 Planar PCT2235 PL538LTS00094
PL538LTS00072 24" Full HD LCD Touchscreen 1920X1080 $313.00 $626.00 $5,783.00
314 1 Triton DESIGN LABOR Firm Fixed Pricing for Phase I Program and Phase II Design based on scope of work provided $76,320.00 $76,320.00 315 1 Triton DESIGN LABOR

LED WALL ADD ALT
Add Alternate to add a LED wall to the design. This is
firm fixed pricing. $15,145.00 $15,145.00
316 1 Triton

DESIGN LABOR

BROADCAST AND

HOUSE LIGHTING ADD
ALT
Add Alternate to add the house lighting and broadcast
lighting design. This is firm fixed pricing. $36,000.00 $36,000.00 317 1 Triton

INSTALLATION AND

COMMMISSIOINING
LABOR
Labor for the installation and commissioning of the
sytem. This does not include the installation of one LED wall.
$445,950.00 $445,950.00
318 1 Triton MATERIALS
Installation materials needed during installation ando
commisisoning this budget includes, cables, connectors, cale labels, cable mounting, hardware, and other
materials needed to install system detailed
$70,179.00 $70,179.00
319 1 Triton MAINTENANCE

SUPPORT
Onsite every other month for maintenance support
including unlimited remote, email and phone support. $20,000.00 $20,000.00 $663,594.00
SUBTOTAL:

CONTINGENCY: 0.00% $0.00

GROUND FREIGHT ESTIMATE BILLED AT COST
(DROP SHIP TO CLIENT NON-TAXABLE)7:
$28,000.00
TAX @: 8.75% $102,467.05
CALIFORNIA E-WASTE RECYCLE FEE:
$4.00/Monitor 4"-14.99"
$5.00/Monitor 15"-34.99"
$6.00/Monitor 35"+
BOND PRICE (Does not apply to Design or Support
prices):

TOTAL:
$1,783,163.18
$206,180.87
$1,989,344.05
$1,830,006.00
TRITON CONTRACT AMOUNT:

LABOR AND MATERIALS
CHANGE ORDER AMOUNT:

SPARES
SPARES TOTAL:

LABOR AND MATERIALS TOTAL:
$1,817.00
TERMS AND CONDITIONS:

1. This quotation is valid for 15 days from the above quote date.

2. Payment terms are available upon credit approval.

3. Pricing is based on a cash discount, not the use of a credit card. Payments made by credit cards will incur a 4% increase to the total.

4. Ground freight is estimated and billed at the cost Triton incurs.

5. Labor quoted is not a condition of the equipment being purchased from Triton.

6. This information is confidential between Triton and the named Customer above and cannot be shared with anyone outside of either organization without approval from either organization.

7. Freight is taxable when Triton receives the equipment and then either delivers it or ships it to the customer. Freight is nontaxable when Triton's supplier ships directly to the customer.

8. This equipment list and pricing are confidential and cannot be used to receive pricing from other vendors unless Triton approves of that use. Triton is entitled to be reimbursed for their time and effort to put this together as every project is unique. $27,054.00
LED WALL TOTAL:

Page 11 of 11 ends

Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D Docusign Envelope ID: 8B065862-9C9B-4B79-AFFE-4E86E704FC1D

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: January 27, 2026
Subject: Agreement with Endresen Development, Inc. for the Design, Custom Fabrication, Installation of Millwork, Doors and Trim in the New City Hall Project (CIP Project No. Z20006)
Recommendation
Approve and authorize the City Manager to execute a Public Work’s Construction Agreement with Endresen Development, Inc. for the design, custom fabrication and installation of millwork, doors, and trim in the New City Hall Project (CIP Project No. Z20006) in an amount not to exceed $250,000.00 in such final form as approved by the City Attorney.

Background
Following discussions with the city hall architect, City staff and project site contractors it has been best determined to design and custom build certain elements in the City Hall Building. This approach allows for enhanced flexibility in meeting specific design requirements and ensures that the finished product aligns precisely with the vision for the new City Hall. By opting for custom fabrication, the City is able to address unique architectural features and integrate high-quality materials, contributing to both the operational and end use functionality and aesthetic appeal of the facility.

Endresen Development Agreement New City Hall Project

Page 2 of 2 ends

Discussion
Custom fabrication enables the selection of high-quality materials and precise craftsmanship, resulting in finishes that enhance the character and utility of each space within City Hall. The installation phase is equally critical, as it requires skilled professionals to integrate these custom components seamlessly into the building’s structure. Careful coordination during installation helps maintain project timelines and ensures that the final product meets the city's expectations for quality and performance. Overall, this approach supports the creation of a welcoming and functional environment for both the public and city employees.

A key component of the interior buildout for the new City Hall involves the construction of the council dais, public counters, ceiling molding, and ceiling coffer wood inlays. The council dais serves as the focal point of the main meeting space, requiring careful attention to detail and to both functional and aesthetic elements. Through custom design and fabrication, the dais can be tailored to accommodate the specific needs of City council proceedings, integrating features such as built-in installations, accessibility accommodations, and durable finishes that reflect the overall architectural vision.

Ceiling treatments and coffer wood inlays accompanied with specialty lighting further contribute to the building’s architectural distinction. Ceiling moldings are designed to frame and enhance the transition between walls and ceilings, providing a refined visual accent while concealing structural joints. The selection of wood species, profiles, and finishes for these moldings is coordinated with other millwork to ensure a cohesive look throughout the facility. Coffered ceilings, featuring wood inlays, add depth and sophistication to key public spaces. These inlays are custom fabricated to fit the unique ceiling geometry, allowing for intricate patterns or subtle detailing that elevates the ambiance of the selected rooms. Highly skilled installation is essential to achieve seamless integration and high-quality craftsmanship, ensuring that these elements not only serve their decorative purpose but also contribute to the building’s durability and long-term maintenance.

Altogether, the custom approach to building the dais, public counters, ceiling molding, and coffer wood inlays reinforces the City Hall’s commitment to excellence in civic design, creating spaces that are both welcoming and representative of the community’s aspirations.

This agreement will be for a not to exceed amount of $250,000 and will be billed on a time and material basis. All hourly rates will be paid at the prevailing wage rate and certified to the city.

Primary construction will be selected and purchased by the city and all other installation material provided by the contractor. This structure ensures that costs remain within the approved budget while allowing flexibility to address project needs as they arise.

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

Attachments
Attachment 1 – Agreement
Exhibit A – Quote
Endresen.docx Page 1

AGREEMENT FOR CONTRACTOR SERVICES
Endresen Development, Inc.

City Hall Millwork
This Agreement for Contractor Services (the “Agreement”) is made and entered into as of January 27, 2026, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Endresen Development, Inc., a corporation ("Contractoor").

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

City Hall Time and Material Custom Millwork
B. Contractor has submitted to City a proposal, dated January 16, 2024, attached hereto as Exhibit A (“Contractor’s Proposal”) and incorporated herein, to provide contractor services to City pursuant to the terms of this Agreement.

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

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

AGREEMENT

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

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

Page 2 ends

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

3. Compensation. Compensation to be paid to Contractor shall be in accordance with the fees set forth in Contractors’ Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Contractor’s compensation exceed two hundred fifty thousand dollars ($250,000.00) 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 Section, the Contractor will submit an invoice to the City, pursuant to Section entitled “Method of Payment” herein.

Page 3 ends

7. Plans, Studies, Documents.
a. Ownership of Documents. All plans, studies, documents and other writings prepared by and for Contractor, its officers, employees and agents and subcontractors in the course of implementing this Agreement, except working notepad internal documents, shall become the property of the 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 thirdparty 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. Such materials shall not, without the prior written consent of City, be used by Contractor for any purposes other than the performance of the services under this Agreement. Nor shall such materials be disclosed to any person or entity not connected with the performance of the services under this Agreement. Nothing furnished to Contractor which is otherwise known to Contractor or is generally known, or has become known, to the related industry shall be deemed confidential. Contractor shall not use 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.

Page 4 ends

b. Contractor shall maintain all documents and records which demonstrate performance under this Agreement for a minimum period of three (3) years, or for any longer period required by law, from the date of termination or completion of this Agreement. c. Any records or documents required to be maintained pursuant to this Agreement shall be made available for inspection or audit, at any time during regular business hours, upon written request by the 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 and except for the fees paid to Contractor as provided in the Agreement, Contractor and any of its employees, agents, and subcontractors providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by 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 professional employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered

Page 5 ends

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

Contractor is not a designated employee within the meaning of the Political Reform Act because Contractor:
a. will conduct research and arrive at conclusions with respect to his/her rendition of information, advice, recommendation or counsel independent of the control and direction of the 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. Professional Ability of Contractor. City has relied upon the professional training and ability of Contractor to perform the services hereunder as a material inducement to enter into this Agreement. Contractor shall therefore provide properly skilled professional and technical personnel to perform all services under this Agreement. All work performed by Contractor under this Agreement shall be in accordance with applicable legal requirements and shall meet the standard of quality ordinarily to be expected of competent professionals in Contractor’s field of expertise.

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

14. Licenses. Contractor represents and warrants to 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

Page 6 ends

law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Contractor or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to 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.

16. Insurance Requirements.
a. Insurance. Contractor, at Contractor’s own cost and expense, shall procure and maintain, for the duration of the contract, unless modified by the City’s Risk Manager, the following insurance policies.
i. Workers’ Compensation Coverage. Contractor shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Contractor shall require each subcontractor to similarly maintain Workers’ Compensation Insurance and Employer’s Liability Insurance in accordance with the laws of the State of California for all of the subcontractor’s employees. Any notice of cancellation or non-renewal of all Workers’ Compensation policies must be received by the 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.

Page 7 ends

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.
iv. Professional Liability Coverage. Contractor shall maintain professional errors and omissions liability insurance appropriate for Contractor’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Contractor’s services under this Agreement, whether such services are provided by the Contractor or by its employees, subcontractors, or sub consultants. The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single limit per occurrence basis. b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A:VII and shall be endorsed with the following specific language:
i. Notwithstanding any inconsistent statement in any required insurance policies or any subsequent endorsements attached thereto, the protection offered by all policies, except for Workers’ Compensation, shall bear an endorsement whereby it is provided that, the 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, 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.

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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: Endresen Development, Inc.

Attn: Josh Endresen
157 S. Ralph Road
Lake Elsinore, CA 92530

18. Assignment and Subcontracting. The parties recognize that a substantial inducement to City for entering into this Agreement is the professional reputation, experience and competence of Contractor and the subcontractors listed in Exhibit B. Contractor shall be fully responsible to 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 except as provided in Exhibit B 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.

Page 9 ends

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 non-payment of prevailing wages under California law, and Contractor hereby agrees to defend, 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

Page 10 ends

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) nonmonetary 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. [Signatures on next page]

Page 11 ends

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
City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Assistant City Manager
“CONTRACTOR”
Endresen Development, Inc., a corporation
By: Josh Endresen
Its: Owner
Attachments: Exhibit A – Contractor’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
Endresen Development Inc
157 S Ralph Rd
Lake Elsinore, CA 92530

ADDRESS
City of Lake Elsinore:City Hall
City of Lake Elsinore
130 S. Main Street
Lake Elsinore, CA 92530
Proposal # 1581
DATE 01/16/2026

DESCRIPTION QTY RATE AMOUNT
Proposal for the finish carpentry scope on City Hall.

We propose to perform the following work on a time and materials basis at an hourly labor rate of $115 per hour, per person:

Finish carpentry labor-
-Manufacturing and Installation of cabinetry in the lobby, all break rooms, and the City Council chambers
-Installation of interior doors and associated hardware -Installation of interior trim, including base, casing, and related finish details
-Wood trim and ceiling treatments
-Tongue-and-groove installation above designated areas
-Construction and installation of accent walls
"Materials will be billed at cost plus 15%"
This proposal includes standard tools and equipment necessary to complete the scope described above. Any additional work outside of this scope will be discussed and approved prior to proceeding. 1 250,000.00 250,000.00
TOTAL $250,000.00
Accepted By Accepted Date

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: January 27, 2026
Subject: Agreement for Clearwater Pipeline Inc. for the water and sewer connection in the new City Hall Project (CIP Project No. Z20006).

Recommendation
Approve and authorize the City Manager to execute a Public Work’s Construction Agreement with Clearwater Pipeline Inc. for the water and sewer connection in the new City Hall Project (CIP Project No. Z20006) in an amount not to exceed $257,212.00 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 $25,721.00; and authorize the City Clerk to record the Notice of Completion once work is completed.

Background
In accordance with the project civil engineering plan the water and sewer connection to the new City Hall Clearwater Pipeline Inc have provided a proposal to satisfy all of the Elsinore Valley Municipal Water District requirements.

Discussion
The connection of water, sewer, and fire suppression systems to the new City Hall building is a critical component of the project’s infrastructure. Clearwater Pipeline Inc. has submitted a comprehensive proposal to ensure that all connections meet the standards set forth by the Elsinore Valley Municipal Water District. Their scope of work includes installing new water and sewer lines, as well as integrating a fire suppression system that complies with local safety Clearwater Pipeline Agreement New City Hall Project

Page 2 of 2 ends

codes and regulations. This coordinated approach ensures the facility will have reliable potable water, efficient wastewater management, and robust fire protection systems upon completion.

The installation process will be closely monitored to guarantee that each system functions seamlessly and supports the operational needs of City Hall. Coordination with Elsinore Valley Municipal Water District will be ongoing throughout construction to address any technical challenges and maintain compliance with all regulatory requirements. Upon completion, the improvements will be fully charged and tested.

The timely execution of this agreement is essential to secure water, sewer, and fire suppression connections, in terms of both construction progress and operational readiness. Immediate approval allows the contractor to begin work without interruption, ensuring that all critical systems are installed and tested in advance of occupancy.

Furthermore, waving the bidding process is justified due to the specialized nature of the work and Clearwater Pipeline Inc.'s demonstrated ability to meet the stringent requirements of the Elsinore Valley Municipal Water District. Their proposal and familiarity with local codes and standards reduce the risk of technical complications and project delays, providing the City with confidence in a successful and compliant installation.

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

This will be one of the most elaborate and complicated systems in the building. Hopefully one that will never be utilized. It is for the many reasons mentioned in the staff report and the technical requirements of the design and installation of the system that in the best interest of the City an exception to the bidding process be invoked in accordance with section 3.08.070(G) of the contract code. Here-in the design, purchase, and installation, all are completed by the same contractor. It is also worth mentioning that Cal State Fire Protection will perform the maintenance of the system.

Fiscal Impact
Funding costs are included in the Fiscal Year 25/26 – 29/30 Capital Improvement Plan (CIP) budget, CIP Project #Z20006.

Attachments
Attachment 1 – Agreement
Exhibit A – Proposal Clearwater Pipeline Inc. dated January 15, 2026 1 Agreement No. __________

AGREEMENT FOR PUBLIC WORKS CONSTRUCTION
Clearwater Pipeline Inc
For the
City Hall Water and Sewer
Connection
CIP PROJECT NO. Z20006
This Agreement for Public Works Construction (“Agreement”) is made and entered into as of January 27, 2026 by and between the City of Lake Elsinore, a municipal corporation (“City”) and Clearwater Pipeline Inc. (“Contractor”).

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

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

City Hall Water and Sewer Connection(the “Project”)
The City-approved plans for the construction of the Project, which are incorporated herein by reference and prepared by Staff, are identified as:

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

2. Compensation.
a. For and in consideration of the payments and agreements to be made and performed by City, Contractor agrees to construct the Project, including furnishing all materials and performing all work required for the Project, and to fulfill all other obligations as set forth in the Bidder’s Proposal, such contract price being two hundred fifty seven thousand two hundred twelve dollars and no cents ($257,212.00).
2 b. City hereby promises and agrees to employ, and does hereby employ, Contractor to provide the materials, do the work, and fulfill the obligations according to the terms and conditions herein contained and referred to, for the prices set forth, and hereby contracts to pay the same at the time, in the manner, and upon the conditions set forth in the Project Documents.
c. Contractor agrees to receive and accept the prices set forth in the Bidder’s Proposal as full compensation for furnishing all materials, performing all work, and fulfilling all obligations hereunder. Such compensation shall cover all expenses, losses, damages, and consequences arising out of the nature of work during its progress or prior to its acceptance including those for well and faithfully completing the work and the whole thereof in the manner and time specified in the Project Documents; and also including those arising from actions of the elements, unforeseen difficulties or obstructions encountered in the prosecution of the work, suspension or discontinuance of the work, and all other unknowns or risks of any description connected with the work.

3. Completion of Work.
a. Contractor shall perform and complete all work within 30 working days from the date of commencement specified in the Notice to Proceed, and shall provide, furnish and pay for all the labor, materials, necessary tools, expendable equipment, and all taxes, utility and transportation services required for construction of the Project. b. All work shall be performed and completed in a good workmanlike manner in strict accordance with the drawings, specifications and all provisions of this Agreement as hereinabove defined and in accordance with applicable laws, codes, regulations, ordinances and any other legal requirements governing the Project.
c. Contractor shall not be excused with respect to the failure to so comply by any act or omission of the City, the City Engineer, a City inspector, or a representative of any of them, unless such act or omission actually prevents the Contractor from fully complying with the requirements of the Project Documents, and unless the Contractor protests at the time of such alleged prevention that the act or omission is preventing the Contractor from fully complying with the Project Documents. Such protest shall not be effective unless reduced to writing and filed with the City within three (3) working days of the date of occurrence of the act or omission preventing the Contractor from fully complying with the Project Documents. d. City and Contractor recognize that time is of the essence in the performance of this Agreement and further agree that if the work called for under the Agreement is not completed within the time hereinabove specified, damages will be sustained by the City and that, it is and will be impracticable or extremely difficult to ascertain and determine the actual amount of damages the City will sustain in the event of, and by reason of, such delay. It is, therefore, agreed that such damages shall be presumed to be in the amount of $1,000 per calendar day, and that the Contractor will pay to the City, or City may retain from amounts otherwise payable to Contractor, such amount for each calendar day by which the Contractor fails to complete the work, including corrective items of work, under this Agreement within the time hereinabove specified and as adjusted by any changes to the work. 3 4. Changes to Work. City and Contractor agree that the City may make changes to the work, or suspend the work, and no matter how many changes, such changes or suspensions are within the contemplation of the Contractor and City and will not be a basis for a compensable delay claim against the City nor be the basis for a liquidated damage claim against the Contractor.

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

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

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

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

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

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

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

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

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

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

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

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

Attn: Stephen A. Stewart
3838 Brennan Ave
Perris, Ca. 92571

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

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

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

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

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

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

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

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

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

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

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

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

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

City Manager
ATTEST:

By: Stephen A. Stewart
Its: Vice President
City Clerk
APPROVED AS TO FORM:

By: Click or tap here to enter text.

Its: Click or tap here to enter text.

City Attorney
Assistant City Manager

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]

CN WATER
1 1 EA
2" WATER SERVICE W/ 1.5" METER,
STD W-10 & W-12 & BACKFLOW
PREVENTION ASSY, STD W21B $ 61,776.00 $ 61,776.00
2 1 EA
4" DIP CL 350 DOUBLE D.C. ASSY,
STD W-23 W/ 4" PVC FIRE SERVICE
LATERAL, FULLY RESTRAINED $ 52,970.00 $ 52,970.00
3 1 EA

FIRE HYDRANT ASSY W/ CHECK
VALVE, STD W7A & W7B & 3X3X4"
SPLASH PAD W/ COLD JOINTS $ 43,032.00 $ 43,032.00
4 1 LS 12" DIP CL 350, STD W-3 $ 26,037.00 $ 26,037.00
5 4 EA PERMANENT GUARD POST, STD W-26 included $ -
140 LF 4" PVC PRIVATE RESTRAINED $ 310.00 $ 43,400.00
1 EA PIV/FDC ASSY $ 16,632.00 $ 16,632.00
WATER SUB/T: $ 243,847.00

CN SEWER
6 1 EA
6" SDR 35 LATERAL & CLEANOUT,
STD S-12, S-13, S-14 & S-1 $ 13,365.00 $ 13,365.00
SEWER SUB/T: $ 13,365.00
GRAND TOTAL $ 257,212.00
Clearwater Pipeline Inc.

January 15, 2026
City of Lake Elsinore
121 S. Main Street
Lake Elsinore, Ca.

Attn: Gus Papagolos
Re: Lake Elsinore City Hall
NOTES:

1. SEWER PRICING INCLUDES IMPORT BEDDING FOR PIPE ZONE, AIR TEST, BALLING, CONNECTION TO EX., SHORING, & RAISING OF MANHOLES.

2. WATER PRICING INCLUDES BEDDING IN PIPE ZONE, FITTINGS, BENDS, CHLORINATION, TESTING, & RAISING OF VALVE CANS. SERVICE ASSY. PRICING INCLUDES SETTING & ADJUSTING METER BOX & CUSTOMER VALVE. METERS ARE NOT INCLUDED. WATER TO BE INSTALLED PRIOR TO THE INSTALLATION OF CURB & GUTTER.

3. BACKFILL MATERIAL TO BE OBTAINED FROM THE NATIVE EXCAVATED MATERIALS. SCREENING OF ANYKIND, 3838 Brennan Ave., Perris, Ca. 92571
Ph. 951.657.2829 Fax 951.657.1890
e-mail: [email protected]
,
IMPORT & EXPORT IS NOT INCLUDED.

4. PLANS, PERMITS, FEES, ENGINEERING, ROCK & GROUNDWATER REMOVAL ARE NOT INCLUDED.

5. ESTIMATE BASED ON EXCAVATION AND SHORING METHODS FOR GROUND THAT WILL STAND WHILE INSTALLING TRENCH SHIELD AND/OR SHORING.

6. ROCK EXCAVATION IS NOT EXCLUDED. ROCK SHALL BE DEEMED AS ANY MATERIALS WHICH CANNOT BE EXCAVATED AT A RATE OF 65 L.F. PER HOUR UTILIZING A 100,000 LB EXCAVATOR WHICH WILL REQUIRE SPECIALIZED EQUIPMENT FOR REMOVAL INCLUDING RIPPING, BLASTING AND/OR HOE RAMMING.

7. GROUNDWATER REMOVAL IS NOT INCLUDED.

Thank you for the opporturnity to bid this project. If you have any questions, please let us know.

Sincerely,
Stephen A. Stewart
Vice President
SS
3838 Brennan Ave., Perris, Ca. 92571
Ph. 951.657.2829 Fax 951.657.1890
e-mail: [email protected]

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Lake Elsinore City CouncilJanuary 27, 2026

Lake Elsinore City Council
January 27, 2026