Agenda packet — Lake Elsinore City Council, April 28, 2026 (part 1 of 3)

City of Lake Elsinore Meeting Date:

City Council Meeting                                                     April 28, 2026 Agenda
Cultural Center                                                            Meeting Time:
183 N. Main Street                                                        Closed Session: NONE 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 6, 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 April 28, 2026
City of Lake Elsinore Page 2
CALL TO ORDER - 7:00 P.M.

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

PLEDGE OF ALLEGIANCE
ROLL CALL

PRESENTATIONS/CEREMONIALS
Business in Action Monthly Spotlight for April 2026- El Ranchito Taco Shop Recommendation:

Recognize El Ranchito Taco Shop as the City of Lake Elsinore’s Business in Action Monthly Spotlight for April 2026.

Presentation of 2025 CPRS Hall of Fame Award to Jonathan O. Skinner Recommendation:

Presentation of an award to Johnathan O. Skinner, Director of Recreation, for his induction into the California Park and Recreation Society’s Hall of Fame. 2026 First Quarter Statistical Update
Recommendation:

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 April 14, 2026 Recommendation:

Approve the Minutes.

CC Warrant Report Dated March 23, 2026 to March 29, 2026 Recommendation:

Receive and file.

CC Warrant Report Dated March 30, 2026 to April 05, 2026 Recommendation:

Receive and file.

CC Investment Report for March 2026
Recommendation:

Receive and file the Investment Report for March 2026.

1. 2.

3. 4.

4.1 4.2

4.3 5.

6. 6.1

6.2 6.3

6.4 City Council Agenda April 28, 2026
City of Lake Elsinore Page 3
Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation Proceedings for Annexation No. 29 into Community Facilities District No. 2015-2 (Maintenance Services) for Tentative Tract Map (TTM) 34249 (Canyon Hills Heights)
Recommendation:

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

ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES) AUTHORIZING THE LEVY OF SPECIAL TAXES Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Community Facilities District No. 2025-1 (Canyon Hills Heights) Recommendation:

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

OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE CITY OF LAKE

ELSINORE (CANYON HILLS HEIGHTS) AUTHORIZING THE LEVY OF A SPECIAL TAX WITHIN SUCH DISTRICT.

Annexation No. 30 Into Community Facilities District No. 2015-2 (Maintenance Services) for Tract Map 37703 (In-N-Out)
Recommendation:

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

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

CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 30) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.

Agreement and Escrow Instructions for Purchase and Sale of Real Property Vacant Parcel Spring Street, Lake Elsinore (APN 374-072-013) Recommendation:

Approve the purchase of real property located at Vacant Parcel Spring Street, Lake Elsinore (APNs 374-072-013) for $145,000 ratify the City Manager’s execution of the Agreement and Escrow Instructions for Purchase and Sale of Real Property (“Agreement”) and further authorize the City Manager or designee to execute such other ancillary documents as may be necessary to complete the purchase, in such final form as approved by the City Attorney.

Exclusive Negotiation Agreement with C & C Development Co., LLC Recommendation:

Approve and authorize the City Manager to execute an Exclusive Negotiation Agreement (ENA) with C & C Development Co., LLC in such final form as approved by the City Attorney.

6.5 6.6

6.7 6.8

6.9 City Council Agenda April 28, 2026
City of Lake Elsinore Page 4
Change Order No. 1 to the Public Work’s Construction Agreement with Clearwater Pipeline, Inc. for the Water and Sewer Connection for the New City Hall Project
Recommendation:

Approve and authorize the City Manager to execute Change Order No.1 to the Public Work’s Construction Agreement with Clearwater Pipeline, Inc. for an amount not to exceed $143,281.95 for the expanded scope of work for the water and sewer connection in the New City Hall Project (CIP Project No. Z20006).

Request to Modify Condition of Approval No. 76(c) Related to Ultimate Improvements for Riverside Drive (SR-74) for the Riverside & Lincoln Commercial Project (PA 2020-92)
Recommendation:

Approve the applicant's request to modify Condition of Approval No. 76(c) as stated below:

The Developer shall construct a right turn pocket for the project driveway on Riverside Drive in compliance with the Highway Design Manual. Encroachment Permit from Caltrans will be required prior to any work done in the State right-of-way along Riverside Drive (State Route 74).

1. Developer shall comply with Caltrans stormwater quality and hydrology requirements.

2. Developer shall underground the overhead power poles along Riverside Drive.

3. Sidewalks impacted by the right turn pocket shall be constructed consistent with the City’s General Plan roadway cross section.

Professional Services Agreement with Bucknam Infrastructure Group, Inc. for the 2026 Pavement Management Program
Recommendation:

Approve and authorize the City Manager to execute a Professional Services Agreement with Bucknam Infrastructure Group, Inc. in an amount not to exceed $69,400 for the 2026 Pavement Management Program in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $6,940 for uncertainties and adjustments.

Agreement with the City of Canyon Lake to Provide Support for Emergency Traffic Control and Road Closures
Recommendation:

Approve and authorize the City Manager to execute an Agreement with the City of Canyon Lake for municipal services, including emergency traffic control, road closures, detours, and related restrictions in an hourly rate and in such final form as approved by the City Attorney.

6.10 6.11

6.12 6.13
City Council Agenda April 28, 2026
City of Lake Elsinore Page 5
Approval of Tract Map No. 33725 for Tuscany Crest
Recommendation:

Approve Final Tract Map No. 33725, subject to City Engineer’s acceptance as being true and correct, authorize the City Clerk to sign the map and arrange for recordation, and approve and authorize the City Manager to execute the Construction of Improvement Agreements for Street Improvements and Monumentation for the Tuscany Crest project.

July 4th Fireworks Celebration on the Lake
Recommendation:

Approve and authorize the City Manager to execute a Special Production Agreement with Pyro Spectacular for the July 4th fireworks show in an amount not to exceed $55,000 for the Annual Fireworks Show on Lake Elsinore in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a 10% contingency of $5,500 for uncertainties and adjustments, and the recommended traffic detour map as approved by the City Engineer.

SUCCESSOR AGENCY CONSENT CALENDAR
Minutes of the Regular Successor Agency Meeting of April 14, 2026 Recommendation:

Approve the Minutes.

SA Warrant Report Dated March 23, 2026 to Mar 29, 2026
Recommendation:

Receive and file.

SA Warrant Report Dated March 30, 2026 to April 05, 2026 Recommendation:

Receive and file.

SA Investment Report for March 2026
Recommendation:

Receive and file the Investment Report for March 2026.

PUBLIC HEARINGS

6.14 6.15

7. 7.1

7.2 7.3

7.4 8.

City Council Agenda April 28, 2026
City of Lake Elsinore Page 6
BUSINESS ITEM
Ordinance Regulating Electric Bicycles and Other Electric Transportation Devices
Recommendation:

Introduce by title only and wave further reading of AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADDING TITLE 10, CHAPTER 10.54 OF THE LAKE ELSINORE MUNICIPAL CODE TO REGULATE AND

PROVIDE FOR EFFECTIVE ENFORCEMENT REGARDING ELECTRIC BICYCLES AND

OTHER ELECTRIC TRANSPORTATION DEVICES
PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
(Please read & complete a Request to Address the City Council/Successor Agency form prior to the start of the meeting and turn it in to the City Clerk/Clerk. The Mayor/Chair or City Clerk/Clerk will call on you to speak.)
CITY MANAGER COMMENTS
CITY ATTORNEY COMMENTS
CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

ADJOURNMENT
The Lake Elsinore City Council will adjourn to the next Regular meeting on Tuesday, May 12, 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, Luz Reyes, CMC, Deputy City Clerk of the City of Lake Elsinore, do hereby affirm that a copy of the foregoing agenda was posted at City Hall at 6:00 p.m. on Thursday, April 23, 2026. ______________________________
Candice Alvarez, MMC, City Clerk

9. 9.1

10. 11.

12. 13.

14. 15.

City Council Agenda April 28, 2026
City of Lake Elsinore Page 7

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Gina Gonzalez, Director of Economic Development and Legislative Affairs Date: April 28, 2026
Subject: Business in Action Monthly Spotlight for April 2026- El Ranchito Taco Shop Recommendation
Recognize El Ranchito Taco Shop as the City of Lake Elsinore’s Business in Action Monthly Spotlight for April 2026.

Background
The City of Lake Elsinore’s Business in Action Monthly Spotlight Program recognizes exemplary local businesses that contribute to the city’s economic vitality, community engagement, and overall quality of life. El Ranchito Taco Shop is a long-standing, family-owned restaurant that has become a staple in the Lake Elsinore community, known for its authentic Mexican cuisine and welcoming, family-friendly atmosphere.

Serving the Lake Elsinore community since 1989, El Ranchito Taco Shop is part of a multigenerational family business rooted in traditional recipes and a commitment to quality. The restaurant has built a loyal customer base over decades, becoming a go-to destination for residents and visitors alike.

Business in Action Monthly Spotlight – El Ranchito Taco Shop

Page 2 of 2 ends

Discussion
As a locally owned and operated restaurant, El Ranchito Taco Shop contributes to the city’s dining scene by offering fresh, made-to-order Mexican food prepared with high-quality ingredients.

Popular menu items include tacos, burritos, enchiladas, and seafood dishes, all reflecting authentic flavors and consistent quality that customers have come to expect.

Beyond its food offerings, El Ranchito Taco Shop provides a casual and inviting environment that brings the community together. With a family-oriented atmosphere, the restaurant serves as a gathering place for families, friends, and local residents, supporting the social fabric of Lake Elsinore.

Through its longevity and commitment to customer service, El Ranchito Taco Shop exemplifies the entrepreneurial spirit and dedication that define Lake Elsinore’s small business community.

The restaurant’s continued success highlights the importance of locally owned businesses in sustaining the city’s economic vitality and cultural identity.

El Ranchito Taco Shop’s dedication to quality, consistency, and community connection reflects Lake Elsinore’s core values of professionalism, integrity, and community partnership. Their longstanding presence, positive reputation and consistency in supporting the Lake Elsinore's community by giving back, make them a deserving recipient of the City’s Business in Action Monthly Spotlight.

Fiscal Impact
None.

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: Beau Davis, Assistant Recreation Director
Date: April 28, 2026
Subject: Presentation of 2025 CPRS Hall of Fame Award to Jonathan O. Skinner Recommendation
Presentation of an award to Johnathan O. Skinner, Director of Recreation, for his induction into the California Park and Recreation Society’s Hall of Fame.

Page 1 of 1 ends

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

City Council Meeting April 14, 2026
Minutes - Draft
Meeting Time:

Closed Session: 6:00 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 Meeting of the City Council was called to order at 6:00 p.m.

2. ROLL CALL

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

Absent: 0 - None

3. PUBLIC COMMENTS ON CLOSED SESSION ITEMS
There were no speakers.

4. CLOSED SESSION – 6:00 P.M.

4.1 CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION (Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: DS & RS Investment LLC, et al. v. City of Lake Elsinore, et al.; Riverside Superior Court Case No. CVME2402627

5. RECESS
The City Council recessed into Closed Session at 6:01 p.m.

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

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

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

City Council Minutes - Draft April 16, 2026
City of Lake Elsinore Page 2

8. ROLL CALL

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

Absent: 0 - None

9. CLOSED SESSION REPORT
City Attorney Leibold reported that one item was discussed; however, no reportable action was taken.

10. PRESENTATIONS/CEREMONIALS

10.1 Proclamation Recognizing Fair Housing Month, April 2026 Proclaim the month of April 2026 as ”Fair Housing Month" in the City of Lake Elsinore and present the proclamation to the Southwest Riverside County Association of Realtors.

Mayor Magee presented the Proclamation to Julie Paulie, Dennell Winston, Helen Jeong, Victor Carrillo, and Clara Asimakopoulos.

10.2 Proclamation Recognizing Municipal Clerks' Week, May 3-9, 2026 Proclaim the week of May 3-9, 2026, as Municipal Clerks Week in the City of Lake Elsinore and present the proclamation to the City Clerk’s Office in recognition of their services to the community.

Mayor Magee presented the Proclamation to City Clerk Candice Alvarez, Deputy City Clerk Luz Reyes, and Administrative Assistant Dunelle Longoria.

10.3 Riverside County Sheriff’s Office 2026 First Quarter Statistical Update This item was continued to the next Council meeting.

11. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
Nathan Garcia was called to speak.

Carson Gray was called to speak.

Julie Paule was called to speak.

Kristen Spoon was called to speak.

City Council Minutes - Draft April 16, 2026
City of Lake Elsinore Page 3

12. CITY COUNCIL CONSENT CALENDAR
Moved by Council Member Manos, Seconded by Council Member Tisdale to approve the City Council Consent Calendar. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)

12.1 Minutes of the Regular City Council Meeting of March 24, 2026 Approve the Minutes.

This item was approved on the City Council Consent Calendar.

12.2 CC Warrant Report Dated March 09, 2026 to March 15, 2026 Receive and file.

This item was approved on the City Council Consent Calendar.

12.3 CC Warrant Report Dated March 16, 2026 to March 22, 2026 Receive and file.

This item was approved on the City Council Consent Calendar.

12.4 Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation Proceedings for Annexation No. 28 into Community Facilities District No. 2015-2 (Maintenance Services) for Assessor’s Parcel Numbers (APNs) 381-320-020 and 381-320-026 (Bamiyan Marketplace) Adopt by title only and waive further reading of AN ORDINANCE AMENDING ORDINANCE NO. 2016-1359 OF THE CITY COUNCIL OF THE CITY OF LAKE

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

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

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft April 16, 2026
City of Lake Elsinore Page 4

12.5 Adoption of Amendments to Council Policy Nos. 200-1 and 200-2 and Adoption of New Council Policy No. 200-12 Implementing SB 707 Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, AMENDING COUNCIL POLICY NO. 200-1

REGARDING CITY COUNCIL MEETING RULES & PROCEDURES, AMENDING COUNCIL POLICY NO. 200-2 REGARDING OPEN MEETINGS-BROWN ACT, AND ADOPTING COUNCIL POLICY NO. 200-12 REGARDING REMOTE

PARTICIPATION, DISRUPTIONS, AND TRANSLATION/LANGUAGE ACCESS FOR CITY COUNCIL MEETINGS.

This item was approved on the City Council Consent Calendar.

12.6 Public Works Agreement with SAS Construction for the Bid Set ‘E’, on the new City Senior Housing Project (CIP Project No. Z20026) Approve and authorize the City Manager to execute a Public Works Construction Agreement with SAS Construction in an amount not to exceed $4,273,400.00 for bid set ‘E’ on the new City Senior Housing Project located on Riley Street 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 $427,340.00 for uncertainties and adjustments; and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was approved on the City Council Consent Calendar.

12.7 Launch Pointe Camp Host Program
Approve and authorize the City Manager to implement a Camp Host Program at Launch Pointe in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

12.8 General Plan and Housing Element Annual Progress Reports for Calendar Year 2025 and Housing Successor Annual Report for Fiscal Year 2024-25 Receive and file the City’s General Plan and Housing Element Annual Progress Report (APR) for Calendar Year 2025 and the Housing Successor Annual Report (SB 341) for Fiscal Year 2024-25 and acknowledge submittal of the reports to the Governor's Office of Land Use and Climate Innovation and the Department of Housing and Community Development.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft April 16, 2026
City of Lake Elsinore Page 5

13. SUCCESSOR AGENCY CONSENT CALENDAR
Moved by Agency Member Tisdale, Seconded by Vice Chair Sheridan to approve the Successor Agency Consent Calendar. The motion carried by the following vote:

Yes (5): Agency Members Tisdale, Manos, and Carroll; Vice Chair Sheridan; and Chair Magee
Absent (0): None
Carried (5 to 0)

13.1 Minutes of the Regular Successor Agency Meeting of March 24, 2026 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

13.2 SA Warrant Report Dated March 09, 2026 to Mar 15, 2026 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

13.3 SA Warrant Report Dated March 16, 2026 to Mar 22, 2026 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

13.4 Amendment No. 1 to the Agreement with Hemet Fence for Removal and Installation of New Posts and a Windscreen at Lake Elsinore Diamond Stadium
Approve and authorize the Executive Director to execute Amendment No. 1 to the Agreement with Hemet Fence for the removal and installation of new posts and a windscreen at Lake Elsinore Diamond Stadium to increase compensation by an additional $9,300 for a total amount not to exceed $54,300 in such final form as approved by the Agency Attorney.

This item was approved on the Successor Agency Consent Calendar.

14. PUBLIC HEARINGS
City Council Minutes - Draft April 16, 2026
City of Lake Elsinore Page 6

14.1 Election for Annexation Proceedings for Annexation No. 29 Into Community Facilities District No. 2015-2 (Maintenance Services) for Tentative Tract Map (TTM) 34249 (Canyon Hills Heights)

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

ELSINORE, CALIFORNIA, CALLING AN ELECTION TO SUBMIT TO THE

QUALIFIED ELECTORS THE QUESTION OF LEVYING A SPECIAL TAX

WITHIN THE AREA PROPOSED TO BE ANNEXED TO COMMUNITY
FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES)
(ANNEXATION NO. 29);

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

ELSINORE, CALIFORNIA, DECLARING ELECTION RESULTS FOR
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE
SERVICES) (ANNEXATION NO. 29); and

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

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

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

City Clerk Alvarez noted that no written requests were received.

There were no speakers.

The Public Hearing was closed at 7:20 p.m.

Moved by Council Member Manos, Seconded by Council Member Carroll to adopt the Resolution in Recommendation No. 1. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)
City Council Minutes - Draft April 16, 2026
City of Lake Elsinore Page 7
Moved by Council Member Manos, Seconded by Council Member Carroll to adopt the Resolution in Recommendation No. 2. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)
Moved by Council Member Carroll, Seconded by Council Member Manos to introduce the Ordinance in Recommendation No. 3. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)

14.2 Election for Change Proceedings for Community Facilities District No. 2025- 1 (Canyon Hills Heights)

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

ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE CITY OF LAKE

ELSINORE (CANYON HILLS HEIGHTS), APPROVING AN AMENDED AND

RESTATED RATE AND METHOD OF APPORTIONMENT AND CALLING AN ELECTION THEREIN;

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

ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE CITY

OF LAKE ELSINORE (CANYON HILLS HEIGHTS), CERTIFYING THE RESULTS OF THE APRIL 14, 2026, SPECIAL ELECTION; and

3. Introduce by title only and waive further reading of AN ORDINANCE OF THE

CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE CITY OF LAKE ELSINORE (CANYON HILLS HEIGHTS) AUTHORIZING THE LEVY OF A SPECIAL TAX WITHIN SUCH DISTRICT.

The Public Hearing was opened at 7:23 p.m.

City Clerk Alvarez noted that no written requests were received.

There were no speakers.

The Public Hearing was closed at 7:25 p.m.

City Council Minutes - Draft April 16, 2026
City of Lake Elsinore Page 8
Moved by Mayor Pro Tem Sheridan, Seconded by Council Member Tisdale to adopt the Resolution in Recommendation No. 1. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)
Moved by Council Member Tisdale, Seconded by Council Member Carroll to adopt the Resolution in Recommendation No. 2. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)
Moved by Council Member Tisdale, Seconded by Council Member Manos to introduce the Ordinance in Recommendation No. 3. The motion carried by the following vote:

Yes (5): Council Members Tisdale, Manos, and Carroll; Mayor Pro Tem Sheridan; and Mayor Magee
Absent (0): None
Carried (5 to 0)

15. BUSINESS ITEMS

16. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
There were no speakers.

17. CITY MANAGER COMMENTS
City Manager Simpson called Battalion Chief Reed, who introduced Riverside County Fire Chief Robert Fish.

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

19. CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
Council Member Carroll spoke on his participation in the Lake Elsinore Color Run; shared photos from Lake Elsinore Girls Softball night at Diamond Stadium; and announced that the Food Truck Festival has moved to Launch Pointe on Thursday evenings.

City Council Minutes - Draft April 16, 2026
City of Lake Elsinore Page 9
Council Member Tisdale reported on his attendance at the Western Riverside Council of Governments Executive Committee meeting on April 6, 2026 and advised that he will attend the General Assembly on June 18, 2026; reminded residents to contact the Northwest Mosquito and Vector Control District if they notice an increase in mosquitoes around their home; and spoke on Riverside County Fire Chief Fish's appointment.

Council Member Manos reported on his attendance at the Riverside County Airport Land Use Commission meeting on April 9, 2026; spoke on Storm Opening Night; and shared his participation in the Lake Elsinore Color Run.

Mayor Pro Tem Sheridan shared the Riverside Transit Agency's Customer Information Center's hours and availability, the success of the Lake Elsinore Historical Society's fourth Speaker Series Event, his attendance at the Boys & Girls Club Great Futures Breakfast, and that he participated in the Riverside County Film Commission Greater Lake Elsinore FAM Tour; congratulated Students of the Month; reported on the Lake Elsinore Storm's Opening Day; and invited community members to participate in the COPS for Kids Golf Classic on May 1, 2026 at the Glen Ivy Golf Club and Habitat for Humanity Hit FORE Homes Golf Classic on June 15, 2026 at the Bear Creek Golf Club.

Mayor Magee reported on his attendance at the Riverside County Transportation Commission Executive Committee meeting on April 8, 2026; invited the community to participate in the 13th Annual Lake Elsinore Dream Extreme Fishing Derby on May 16, 2026 from 5:00 a.m. - 2:00 p.m. at Launch Pointe and 2nd Annual Carp Quest on May 17, 2026 from 6:00 a.m. - 2:30 p.m. at Launch Pointe; and spoke on the response to the Ontario warehouse fire, stressing the effects the incident will have on new legislation.

20. ADJOURNMENT
The Lake Elsinore City Council adjourned at 7:58 p.m. to the next Regular meeting of Tuesday, April 28, 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
MARCH 23, 2026
TO MARCH 29, 2026

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 661,286.93 $
106 AFFORDABLE HOUSING 24,714.00
110 GAS TAX 44,219.27
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 42,208.69 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 3,856.36 150 COMMUNITY DEVELOPMENT BLOCK GRANT 1,368.00
155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 3,784.67 180 LAUNCH POINTE 61,095.48
300 INSURANCE SERVICE (12,438.64)
305 INFORMATION SYSTEMS SERVICE 55,436.53
310 SUPPORT SERVICE 2,919.48
315 FLEET SERVICE 15,060.20
320 FACILITIES SERVICE 18,450.64
500 CAPITAL IMPROVEMENT PLAN 1,022,085.61
608 TRUST DEPOSITS 9,500.00
620 TRUST DEPOSIT - B.A.M. (12.00)
GRAND TOTAL 1,953,535.22 $
Attachment 1 1 of 1
MARCH 23, 2026
TO MARCH 29, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001745 ATKINSON, ANDELSON, LOYA, RUUD & ROMO 34,027.56 $ APA26001746 BLAIS & ASSOCIATES, INC. 3,250.00
APA26001747 BMW MOTORCYCLES OF TEMECULA - SO CAL 1,163.13 APA26001748 BOYS & GIRLS CLUB 6,368.00
APA26001749 CDW GOVERNMENT, INC. 1,824.97
APA26001750 CED LAGUNA 11,407.42
APA26001751 CITY OF WILDOMAR 1,257.67
APA26001752 CLEAN HARBORS ENVIRONMENTAL SVCS 1,095.04
APA26001753 CORNWELL TOOLS 377.25
APA26001754 COUNTY OF RIVERSIDE DEPT. OF ENVIRONMENTAL HEALTH 926.00 APA26001755 DISCOUNT HAULING & CLEANUP SERVICE 16,185.00 APA26001756 DOMAIN LISTINGS, LLC 288.00
APA26001757 EXCEL LANDSCAPE, INC. 29,926.00
APA26001758 FEDERAL EXPRESS CORPORATION 57.93
APA26001759 FIX AUTO LAKE ELSINORE 6,217.13
APA26001760 FRONTIER CALIFORNIA - INTERNET 969.76
APA26001761 FRONTIER CALIFORNIA, INC. 79.63
APA26001762 GREAT AMERICA FINANCIAL SERVICES 2,861.55
APA26001763 IMPERIAL CATFISH 5,000.00
APA26001764 INTERSTATE STRIPING, INC. 7,237.00
APA26001765 LANCET CONTRACTING, INC 3,500.00
APA26001766 LIUNA LOCAL 777 732.00
APA26001767 MIG 16,091.15
APA26001768 MOTOPORT USA 1,522.50
APA26001769 O'REILLY AUTO STORES INC/FIRST CALL 100.66
APA26001770 PECHANGA BAND OF INDIANS 9,065.85
APA26001771 PRECISION CHEMDRY 5,060.00
APA26001772 QUINN COMPANY 568.94
APA26001773 RIVERSIDE COUNTY TRANSPORTATION & LAND MANAGEMENT 36,813.02 APA26001774 RP LANDSCAPE & IRRIGATION 1,171.93
APA26001775 RUFF RUFF PET PRODUCTS, INC. 413.14
APA26001776 SOUTHERN CALIFORNIA EDISON CO. 494.75
APA26001777 STAUFFER LAWN EQUIPMENT 910.25
APA26001778 STK ARCHITECTURE, INC. 4,500.00
APA26001779 SUNBELT RENTALS, INC. 301.30
APA26001780 THE NEW HOME COMPANY SOUTHERN CALIFORNIA LLC 24,714.00 APA26001781 T-MOBILE USA, INC. 380.00
APA26001782 TOTAL CLEAN 1,602.39
APA26001783 TRAUMA INTERVENTION PROGRAM 10,000.00
APA26001784 TRITON TECHNOLOGY SOLUTIONS, INC 450,417.24 APA26001785 UNIFIRST CORP 769.12
Attachment 2 1 OF 3
MARCH 23, 2026
TO MARCH 29, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001786 VIDEO APPROACH 4,405.00
APA26001787 VULCAN MATERIALS COMPANY 231.13
APA26001788 WAXIE SANITARY SUPPLY 2,562.99
APA26001789 WILLDAN 555.00
11238 AK SECURITY ALARM LLC 20,683.89
11239 AMAZON BUSINESS 3,389.90
11240 AMERICAN MATERIAL COMPANY 4,689.78
11241 BMW MOTORCYCLES OF RIVERSIDE 347.99
11242 BMW MOTORCYCLES OF RIVERSIDE 21.75
11243 COTTER CONSTRUCTION, INC. 9,100.00
11245 COTTER CONSTRUCTION, INC. 12,000.00
11246 DECKARD TECHNOLOGIES, INC. 12,623.63
11247 DENNIS JANDA, INC. 3,240.00
11248 ENDRESEN DEVELOPMENT, INC. 19,877.84
11249 ENDRESEN DEVELOPMENT, INC. 19,877.84
11250 ENDRESEN DEVELOPMENT, INC. 19,877.84
11251 ENDRESEN DEVELOPMENT, INC. 19,877.84
11252 ENDRESEN DEVELOPMENT, INC. 20,468.53
11253 ENDRESEN DEVELOPMENT, INC. 37,588.66
11254 FERGUSON 6,373.01
11255 FLOCK SAFETY 350.00
11256 HDR ENGINEERING, INC. 55,240.65
11257 HDR ENGINEERING, INC. 131,279.36
11258 HESTER ROOFING 6,755.56
11259 HI-WAY SAFETY, INC. 10,454.51
11260 KPA SERVICES, LLC 892.70
11261 LAKE ELSINORE TIRE & AUTO, INC. 550.00
11262 NTH GENERATION COMPUTING, INC. 111,364.61
11263 PURSUIT ELECTRIC, INC. 58,400.00
11264 RIGHTWAY SITE SERVICES, INC. 798.64
11265 SAN DIEGO ICE COMPANY, INC. 193.95
11266 SECURITAS SECURITY SERVICES USA, INC. 2,930.40
11267 SOUTHERN CALIFORNIA MULCH, INC. 3,150.00
11268 STAPLES ADVANTAGE 58.20
11269 TOP SERVICE PLUMBING, INC. 2,150.00
11270 WEST COAST ARBORISTS, INC. 3,526.25
144059 HINCKLEY, JIM 500.00
144060 CALIFORNIA JPIA 10.00
144061 CALIFORNIA JPIA 25.00
144062 DIAZ, FRANCISCO 1,056.82
144063 EVMWD 28,171.55
144067 LENNAR HOMES 1,000.00
Attachment 2 2 OF 3
MARCH 23, 2026
TO MARCH 29, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
144068 MY BUDDIES PIZZA 500.00
144069 NEAR-CAL CORPORATION 1,000.00
144070 RICHMOND AMERICAN HOMES 5,000.00
144071 SEA COUNTRY SUMMERLY, LLC 2,000.00
DFT260650 FRONTIER CALIFORNIA - INTERNET 822.20
DFT260671 PAYCHEX OF NEW YORK, LLC 2,196.26
DFT260672 NATIONWIDE TRUST COMPANY, FSB 2,094.00
DFT260673 MISSION SQUARE RETIREMENT 8,980.80
DFT260674 COLONIAL LIFE 1,737.02
DFT260675 LEGAL SHIELD 108.65
DFT260676 MISSION SQUARE RETIREMENT 450.77
DFT260677 TASC 11,803.34
DFT260678 FRANCHISE TAX BOARD 26,553.40
DFT260679 INTERNAL REVENUE SERVICE 127,499.07
DFT260680 INTERNAL REVENUE SERVICE 198.50
DFT260681 STATE DISBURSEMENT UNIT 245.53
DFT260682 STATE DISBURSEMENT UNIT 134.30
DFT260683 RIVERSIDE COUNTY SHERIFF'S OFFICE 926.50
DFT260684 CALPERS 251.36
DFT260685 CALPERS 77,385.37
DFT260690 US BANKCORP SERVICE CENTER 948.81
DFT260691 CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE 191.65 DFT260692 FRONTIER CALIFORNIA - INTERNET 505.11
PR03262026 NET PAYROLL 345,704.48
GRAND TOTAL 1,953,535.22 $
Attachment 2 3 OF 3

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
MARCH 30, 2026
TO APRIL 05, 2026

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 362,750.89 $
103 THE ANCHOR 74,264.67
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 26,854.06 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 11,148.60 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 596.52 180 LAUNCH POINTE 20,224.35
305 INFORMATION SYSTEMS SERVICE 6,761.51
310 SUPPORT SERVICE 305.59
315 FLEET SERVICE 10,158.28
320 FACILITIES SERVICE 21,768.52
330 CFD 2015-2S MAINTENANCE SERVICES 1,628.25
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 835.13
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 835.13
333 CFD 2015-4 TERRACINA IMPROVEMENT 835.13
334 CFD 2015-5 TRIESTE IMPROVEMENT 813.33
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 813.33
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 789.64
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 813.33
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 835.13
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 813.33
342 CFD 2007-5S RED KITE SERVICES 596.52
343 CFD 2006-2S VISCAYA SERVICES 596.52
344 CFD 2005-2S ALBERHILL RANCH SERVICES 596.52
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,648.47
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 1,431.65
350 CFD 98-1 SUMMERHILL IMPROVEMENT 835.13
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 835.13
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 2,279.85
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 1,073.74
358 CFD 2007-4S MAKENNA SERVICES 596.52
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 715.28 361 CFD 2022-2 LAKESHORE IMPROVEMENT 694.44
362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 596.52
363 CFD 2023-1 LAKESIDE IMPROVEMENT 694.44
364 CFD 2023-2 COASTAL MISSION TRAIL IMPROVEMENT 707.30 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 596.52 367 CFD 2006-1S SUMMERLY SERVICES 596.52
368 CFD 2006-2 VISCAYA IMPROVEMENT 596.52
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 835.13
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 835.13
371 CFD 2005-1 SERENITY IMPROVEMENT 835.13
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 835.13
Attachment 1 1 of 2
MARCH 30, 2026
TO APRIL 05, 2026

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
373 CFD 2005-5S WASSON CANYON SERVICES 596.52
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 298.26
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 298.26
376 CFD 2006-3 LA STRADA IMPROVEMENT 596.52
377 CFD 2006-6 TESSARA IMPROVEMENT 357.91
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 789.64
379 CFD 2022-1 ALBERHILL IMPROVEMENT 694.44
380 CFD 2015-4S TERRACINA SERVICES 607.56
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 3,676.64
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 835.13
386 CFD 2007-4 MAKENNA IMPROVEMENT 789.64
387 CFD 2007-5 RED KITE IMPROVEMENT 789.64
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 2,147.48
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 596.52
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 564.03
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 802.15
397 CFD 2019-1 WESTLAKE IMPROVEMENT 802.15
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 715.28 500 CAPITAL IMPROVEMENT PLAN 862,903.70
617 HOUSING 7,061.58
620 COST RECOVERY TRUST DEPOSITS 5.00
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 102.05
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 835.13
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 596.52 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 596.52
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 596.52 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 948.95
GRAND TOTAL 1,452,476.57 $
Attachment 1 2 of 2
MARCH 30, 2026
TO APRIL 05, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26001790 AARON CHEVROLET 326.49 $
APA26001791 ALLEGRA MARKETING PRINT MAIL 1,250.63
APA26001792 AMBER AIR CONDITIONING, INC. 33,512.40
APA26001793 AUTOZONE PARTS, INC. 1,413.36
APA26001794 BROTHERS TOWING 250.00
APA26001795 CARDLOCK FUELS SYSTEM LLC 7,302.39
APA26001796 CDW GOVERNMENT, INC. 1,706.51
APA26001797 CED LAGUNA 20,241.10
APA26001798 CHARTER COMMUNICATIONS 61.54
APA26001799 CITY NET 70,631.23
APA26001800 CR&R, INC. 4,552.03
APA26001801 CREATIVE INDUSTRIES MEDIA GROUP 2,222.50
APA26001802 DISCOUNT HAULING & CLEANUP SERVICE 8,655.00 APA26001803 DOUGLAS HINER UMPIRING SERVICES 420.00
APA26001804 EXCEL LANDSCAPE, INC. 12,946.02
APA26001805 FEHR & PEERS 15,026.80
APA26001806 FREEDOM FOREVER 129.76
APA26001807 FRONTIER CALIFORNIA - INTERNET 156.36
APA26001808 FRONTIER CALIFORNIA, INC. 7,594.37
APA26001809 GOMEZ, WENDY 61.79
APA26001810 GREAT AMERICA FINANCIAL SERVICES 305.59
APA26001811 HDL HINDERLITER, DE LLAMAS & ASSOCIATES 2,870.29 APA26001812 HUNSAKER & ASSOCIATES IRVINE, INC. 28,602.00 APA26001813 IMAGEN, INC. 5,563.23
APA26001814 MARIPOSA ECO CONSULTING INC 1,440.00
APA26001815 MICHELLE'S PLACE CANCER RESOURCE CENTER 5,000.00 APA26001816 MIG 4,646.25
APA26001817 O'REILLY AUTO STORES INC/FIRST CALL 164.44
APA26001818 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 20.00 APA26001819 RIVERSIDE UNIVERSITY HEALTH SYSTEM 4,800.00 APA26001820 SAS CONSTRUCTION 508,250.00
APA26001821 SOUTHERN CALIFORNIA EDISON CO. 37,522.38
APA26001822 SOUTHWEST RIVERSIDE CO. ASSOC. OF REALTORS 5,000.00 APA26001823 STAUFFER LAWN EQUIPMENT 51.38
APA26001824 TOWN & COUNTRY TOWING 220.00
APA26001825 TRANSTECH ENGINEERS, INC. 45,820.00
APA26001826 UNIFIRST CORP 723.17
APA26001827 WAXIE SANITARY SUPPLY 2,673.03
APA26001828 WILLSCOT MOBILE MINI 1,707.14
11271 BARROZO, ANTHONY 503.50
11272 BASUBAS, EDGARDO 1,913.79
Attachment 2 1 OF 3
MARCH 30, 2026
TO APRIL 05, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
11273 BLOCK, DIANE 1,169.00
11274 BOBO, LAWRENCE 1,169.00
11275 BOONE, ROBERT 1,169.00
11276 BRADY, ROBERT A. 551.66
11277 CASTANEDA, FRANCISCO 319.29
11278 CHADD, DANIEL 2,658.58
11279 CHIPMAN, ROBIN 1,913.79
11280 DAVIS, CLAUDIA 1,169.00
11281 DAVIS, RITA 800.58
11282 DOUGLAS, JOSE A. 1,776.10
11283 EAKINS, CATHERINE 755.91
11284 ELKINS, MARIAN C. 503.50
11285 ESPINOZA, GUILLERMO PEREZ 551.66
11286 FAZZIO, JON 194.83
11287 FERGUSON, DAVID 1,935.31
11288 FOSTER, MAUREEN 551.66
11289 GIRON, DIANA 807.05
11290 GOMEZ, GUADALUPE 2,357.53
11291 GONZALES, RAMON 1,169.00
11292 GORDON, CAROL 188.16
11293 GULBRANSEN, ARLINE 319.29
11294 HANSEN, VI M. 319.29
11295 HOFFARTH, GARY 551.66
11296 HOUTZ, WILLIAM M 1,163.88
11297 JECTER, MICHELE 1,169.00
11298 KILROY, PAT 1,169.00
11299 LEON, CHARLES KIM 503.50
11300 LEPPER, LUCIUS 503.50
11301 MACHOTT, RICHARD J. 1,169.00
11302 MAGEE, KIMBERLY 503.50
11303 MILLER, CORDIE 800.58
11304 MOLENDYK, RONALD 1,169.00
11305 NORTH, EDWARD L. 551.66
11306 NORVANI, CARLOS 435.57
11307 ODONNELL, RAYMOND 503.50
11308 PAYNE, WILLIAM 981.40
11309 PEREZ, SHAR-MARIE 1,776.10
11310 PORCHE, DANA 551.66
11311 PREISENDANZ, ROLFE 1,169.00
11312 RAMIREZ, FRANCES 800.58
11313 REDMEIER, MICHAEL D. 417.90
11314 REID, SUSAN 1,169.00
Attachment 2 2 OF 3
MARCH 30, 2026
TO APRIL 05, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
11315 RUSSELL, LAWRENCE 1,169.00
11316 SANTA CRUZ, MARY 1,169.00
11317 SAPP, DAVID 1,033.14
11318 SOLORZANO, LEONEL 1,776.10
11319 STORAASLI, PEGGY 503.50
11319 STORAASLI, PEGGY (503.50)
11320 TAYLOR, GRANT 800.58
11321 TEYLER, KENNETH 194.83
11322 THOMPSON, RITA 1,913.79
11323 TURK, JILL 503.50
11324 UNSWORTH, NOLA 1,248.29
11325 WAITE, DENNIS 503.50
11326 WATENPAUGH, RICHARD 503.50
11327 WILKIE, RAE 194.83
11328 YATES, GRANT 2,701.62
11329 AK SECURITY ALARM LLC 10,442.88
11331 AMAZON BUSINESS 2,789.18
11333 AREA 63 PRODUCTIONS 7,775.00
11334 BRINKS INCORPORATED 1,115.34
11335 BRINKS INCORPORATED 99.53
11336 DENNIS JANDA, INC. 2,020.00
11337 FERGUSON 237.08
11338 INLAND BOAT CENTER, INC. 147.69
11339 LEIBOLD, MCCLENDON & MANN, PC 64,319.04
11340 LOR GEOTECHNICAL GROUP 4,152.00
11341 METROCELL CONSTRUCTION, INC. 208,340.31
11342 REGIONAL CONSERVATION AUTHORITY 150,033.78
11343 RUTAN & TUCKER, LLP 2,093.50
11344 SPICER CONSULTING GROUP 53,231.78
11348 STAPLES ADVANTAGE 1,775.84
11349 TC SPORTS MANAGEMENT, LLC 29,833.33
11350 WEST COAST SERVICES 1,325.00
11351 YESCO SIGNS LLC 1,994.60
144072 MCDANIELS, DELORES 503.50
144073 EVMWD 9,698.80
144076 MATULL, JULIE 160.00
DFT260660 FRONTIER CALIFORNIA - INTERNET 490.98
DFT260687 CHARTER COMMUNICATIONS 475.00
DFT260688 CHARTER COMMUNICATIONS 46.08
GRAND TOTAL 1,452,476.57 $
Attachment 2 3 OF 3

Page 1 of 1 ends

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

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1 – Investment Report March 2026

CITY OF LAKE ELSINORE

INVESTMENT REPORT

BANK DEPOSITS OUTSTANDING BOOK

CASH ACCOUNTS BALANCE IN TRANSIT PAYMENTS BALANCE
Bank Accounts:

General Checking Account $ 3,306,633 $ 46,670 $ (13,783) $ 3,339,520 Cash On Hand:

Cashier Drawers #1 & #2 - - - 300
City of Lake Elsinore Petty Cash Fund - - - 2,000
Total Cash Accounts 3,306,633 46,670 (13,783) 3,341,820

INVESTMENTS
Local Agency Investment Funds 60,399,513 - - 60,399,513 CAMP Investments:

CAMP Pool Account 184,719 - - 184,719.06
U.S. Treasury Bond / Note 27,905,275 - - 27,905,275.41
Municipal Bond / Note 200,000 - - 200,000.00
Federal Agency Commercial Mortgage-Backed Security 7,701,964 - - 7,701,964.42 Federal Agency Bond / Note - - - -
Corporate Note 13,896,959 - - 13,896,959.07
Certificate of Deposit - - - -
Bank Note 525,525 - - 525,525.00
Asset-Backed Security 6,245,124 - - 6,245,123.64
Sub-total Investments 117,059,080 - - 117,059,080
Market Value Adjustment:

Unrealized Gain/(Loss) at 02/28/2026 1,266,728 - - 1,266,728 Total Investments 118,325,808 - - 118,325,808
Total Pooled Cash and Investments $ 121,632,442 $ 46,670 $ (13,783) $ 121,667,628 TOTAL POOLED CASH AND INVESTMENTS $ 121,667,628
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 March 9, 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 MARCH 31, 2026

FUND NO FUND NAME AMOUNT
100 General $ 10,812,914
101 Supplemental Law Enforcement 8,333
102 Measure Z 16,694,306
106 Affordable Housing In Lieu 1,552,480
107 Developer Agreement Revenue 59,116
109 Road Maintenance and Rehabilitation (SB1) 1,776,848 110 State Gas Tax 1,159,262
111 TUMF C.I.P. 98,879
112 Measure A 1,595,600
114 SB1186 CASP Education Program 93,314
115 Traffic Safety 10,670
116 City Hall-Public Works DIF 548,694
117 Community Center DIF 653,674
118 Lake Side Facility DIF 1,040,075
119 Animal Shelter DIF 35,752
121 T.R.I.P.-2014A 4,637
135 Lighting & Landscape Maintenance - Dist. No. 1 2,402,223 140 Geothermal 13,267
160 PEG Grant 3,371
202 La Strada RBBD 27,059
203 E.L.S.P. - S.T.I.F. 3,815,765
205 Traffic Impact Fee 662,868
211 Storm Drain C.I.P. 2,077,057
221 Quimby Park C.I.P. 35,903
231 Library C.I.P. 974,409
232 City Fire Protection 1,513,614
300 Insurance Service 1,434,438
305 Information Systems Service 3,135,404
310 Support Service 56,874
315 Fleet Service 927,527
320 Facilities Service 3,074,945
331 CFD 2006-1CC Summerly Improvement Area CC 65,416
332 CFD 2006-1 Improvement Area B, Summerly 34,525
333 CFD 2015-4 Terracina 679,118
334 CFD 2015-5 Trieste - Far West Industries 44,301
335 CFD 2003-2E Canyon Hills Improvement Area E 55,499
336 CFD 2006-1FF Summerly Improvement Area FF 42,324
337 CFD 2016-2 Canyon Hills 329,041
338 CFD 2006-1 IA-JJ Summerly Improvement Area 94,102
339 CFD 2006-1 IA-KK Summerly Improvement Area 59,874

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 MARCH 31, 2026

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 MARCH 31, 2026
340 CFD 2006-1 IA-EE Summerly Improvement Area 58,931
345 CFD 2003-2 Improvement Area D, Canyon Hills 690,876 346 CFD 2014-1 Southshore 65,652
347 CFD 2006-1 Improvement Area A, Summerly 72,632
350 CFD 98-1 Summerhill 500,378
351 CFD 2006-1 IA-II Summerly Improvement 105,605
354 CFD 90-2 Tuscany Hills 13,735
355 RAD 2021-1 Canyon Hills Improvement 470,721
357 CFD 2003-2 Canyon Hills Improvement Area 248,593
359 CFD 2021-1 IA-2 Tuscany Valley & Crest Improvement 5,580 361 CFD 2022-2 Lakeshore Improvement 4,529
364 CFD 2023-2 Coastal Mission Trail Improvement 5,138
366 CFD 2005-6 City Center Townhomes 122,950
368 CFD 2006-2 Viscaya 135,544
369 CFD 2004-3 Area 1 Rosetta Canyon Improvement Area 432,479 370 CFD 2006-1 IA-HH Summerly Improvement 79,650
371 CFD 2005-1 Serenity 145,852
372 CFD 2005-2 Alberhill Ranch Improvement Area 343,099 374 CFD 2005-4 Lakeview Villas 1,581
375 CFD 2006-4 Clurman 58,150
377 CFD 2006-6 Tessara 46,593
378 CFD 2006-8 Running Deer Estates 46,528
379 CFD 2022-1 Alberhill 171,243
384 CFD 2003-2 Area B Canyon Hills Improvement Area 516,285 385 CFD 2004-3 Area 2 Rosetta Canyon Improvement Area 351,963 386 CFD 2007-4 Mekenna Court 46,293
387 CFD 2007-5 Red Kite 37,208
388 CFD 2007-6 Holiday Inn Express 2,365
390 CFD 2003-2 Area C Canyon Hills Improvement Area 151,951 392 CFD 95-1 City Center 1,426
394 CFD 2005-5 (2012A) Wasson Canyon 116,497
396 CFD 2018-2 Nichols Ranch Improvement Area 99,452
397 CFD 2018-3 Village at Lakeshore 100,095
500 Capital Improvement Plan 3,244,481
510 Successor To RDA Area I, II, & III 516,183
540 Successor To RDA Diamond Stadium 456,802
603 Endowment Trust - Carl Graves 72,382
604 Endowment Trust - Korn Memorial 38,124
605 Public Improvement Trust 3,293,852
606 Mobile Source Air Polution Reduction 292,813

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 MARCH 31, 2026
608 Trust Deposit & Pre Paid Expense 1,830,936
617 Successor Agency Housing 41,660,889
620 Cost Recovery System 6,888,830
631 Lake Destratification Equipment Replacement 362,223 650 CFD 2003-1 Law & Fire Service 41,293
653 CFD 2009-1 Parks & Lighting Service 1,253
655 CFD 2015-1s Law, Fire, Paramedic Services 14,512
Total Pooled Cash & Investments $ 121,667,628

MAXIMUM DIVERSIFICATION CURRENT

TYPES OF SECURITIES PERCENTAGE PERCENTAGE BALANCE
CAMP - Pooled Sweep Account Unlimited 0.16% $ 184,719
U.S. Treasury Bond / Note Unlimited 23.84% $ 27,905,275 Supra-National Agency Bond / Note 30% 0.00% $ -
Municipal Bond / Note Unlimited 0.17% $ 200,000
Federal Agency Collaterized Mortgage Obligation 40% 6.58% $ 7,701,964 Federal Agency Bond / Note Unlimited 0.00% (1) $ -
Banker's Acceptance 40.00% 0.00% $ -
Corporate Note (Includes Bank Note) 30% 12.32% $ 14,422,484 Commercial Paper 25% 0.00% $ -
Negotiable Certificates of Deposit 30% 0.00% $ -
Asset-Backed Security / Collaterized Mortgage 20% 5.34% $ 6,245,124 Repurchase Agreements Unlimited 0 $ -
Reverse Repurchase Agreements 10.00% 0.00% $ -
LAIF (Local Agency Investment Funds) $150 Million 51.60% (2) $ 60,399,513 Placement Service Deposits (PDS) 30% 0.00% $ -
TOTAL 100.00% $ 117,059,080
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 MARCH 31, 2026
Local Agency Investment Fund
Yield Purchase Date Maturity Rate

3.826% Daily 24-Hour
Investment Beginning Balance Net Increase/(Decrease) Ending Balance Total Investments Held with
Local Agency Investment Fund: $ 64,399,513 $ (4,000,000) $ 60,399,513 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 MARCH 31, 2026
March 3.826
February 3.871
January 3.931
December 4.025
November 4.096
October 4.150
LAIF Apportionment Rate(2): 4.20
LAIF Earnings Ratio(2): 0.00011512010685708
LAIF Administrative Cost(1)*: 0.27
PMIA Average Life(1): 244
LAIF Fair Value Factor(1): 1.002181483
PMIA Daily(1): 3.97
PMIA Quarter to Date(1): 4.09
Treasuries

57.66%
Agencies

22.68%
Certificates of
Deposit/Bank Notes

9.63%
Time
Deposits

3.31%
Commercial
Paper

5.99%
Corporate
Bonds

0.57%
Loans

0.16%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) .
*The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.

Source:
(1) State of California, Office of the Treasurer
(2) State of California, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 04/08/26
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 12/31/25
Chart does not include $855,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.

Pooled Money Investment Account
Monthly Portfolio Composition (1)
2/28/26
$164.6 billion
CAMP
Investment Portfolio

CITY OF LAKE ELSINORE

ACCOUNT STATEMENT
For the Month Ending
March 31, 2026
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts

CITY OF LAKE ELSINORE
Accounts included in Statement

LAKE ELSINORE - CITY FUNDS
Online Access www.camponline.com Customer Service 1-800-729-7665 Important Messages
CAMP will be closed on 04/03/2026 for Good Friday.

For the Month Ending March 31, 2026
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

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

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

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

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

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

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

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

PFM Asset Management
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by
Account Statement - Transaction Summary For the Month Ending March 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
466,400.34
5,753,535.81
(6,035,217.09)

0.00 $184,719.06
CAMP Pool
Unsettled Trades 0.00
Cash Dividends and Income 488.05
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
57,114,224.35
6,005,391.60
(5,609,712.55)
(607,377.59)
$56,902,525.81
CAMP Managed Account
Unsettled Trades 0.00
Cash Dividends and Income 332,958.14
March 31, 2026 February 28, 2026
Asset Summary
CAMP Pool 184,719.06 466,400.34
CAMP Managed Account 56,902,525.81 57,114,224.35
Total $57,087,244.87 $57,580,624.69
Asset Allocation

0.32%
CAMP Pool

99.68%
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 March 31, 2026

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
$466,400.34
5,753,535.81
(6,035,217.09)
$184,719.06
488.05
$57,114,224.35
(482,517.24)
(5,127,195.31)
6,005,391.60

0.00 (607,377.59)
$56,902,525.81
$57,580,624.69
$57,087,244.87
143,263.79
(25,679.04)
215,373.39
$332,958.14

0.00 5,139,847.24
130,611.86
482,517.24
(6,031,070.64)
278,094.30

0.00 Managed Account Total
56,764,436.10 56,949,155.16
408,682.71
5,139,847.24
482,517.24
130,611.86
(6,031,070.64)
(56,327,448.58)
(337,868.54)

0.00 408,682.71
11,175,064.33
482,517.24
130,611.86
(11,784,606.45)
(56,793,848.92)
(337,868.54)
488.05
Total Accrual Basis Earnings $229,707.39 $230,195.44
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 March 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 28,100,000.00 27,972,136.50 49.00 Municipal Bond / Note 200,000.00 201,877.80 0.35
Federal Agency Commercial
Mortgage-Backed Security
7,825,207.83 7,871,464.54 13.79
Corporate Note 14,056,000.00 14,062,102.04 24.63
Bank Note 525,000.00 528,113.78 0.93
Asset-Backed Security 6,242,239.61 6,266,831.15 10.98
Managed Account Sub-Total 56,948,447.44 56,902,525.81 99.68% Accrued Interest 408,682.71
Total Portfolio 56,948,447.44 57,311,208.52
CAMP Pool 184,719.06 184,719.06 0.32
Total Investments 57,133,166.50 57,495,927.58 100.00%
Unsettled Trades 0.00 0.00
Sector Allocation

10.98%
ABS

0.93%
Bank Note

24.13%
Corporate Note

13.79%
Federal Agency
Commercial
Mortgage-Backed
Security

0.32%
Joint Powers
Authority

0.35%
Muni Bond / Note

0.51%
Priv Placement
Bond

48.99%
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

1.97%

5.98% 5.93%

30.95%

45.33%

9.84%

0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 1079

4.19%

4.01%
PFM Asset Management, a division of Page 3
U.S. Bancorp Asset Management, Inc.

Managed Account Issuer Summary For the Month Ending March 31, 2026

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

9.54%
AAA

0.32%
AAAm

1.40%
BBB+

2.75%
NR

4.44%
A

7.86%
A+

3.51%
A1.81%
AA

64.13%
AA+

4.24%
AAIssuer Summary
Issuer of Holdings Percent
Market Value
Adobe Inc 381,111.00 0.67
Air Products and Chemicals Inc 343,316.02 0.60
Amazon.com Inc 568,262.15 1.00
American Express Co 1,399,725.76 2.45
Analog Devices Inc 401,261.60 0.70
Apple Inc 763,803.58 1.34
BA Credit Card Trust 602,239.12 1.05
Bank of America Corp 682,836.96 1.20
Bank of New York Mellon Corp 467,203.83 0.82
Bayerische Motoren Werke AG 173,008.50 0.30
Berkshire Hathaway Inc 467,638.93 0.82
BlackRock Inc 787,046.60 1.38
Bristol-Myers Squibb Co 210,595.09 0.37
CAMP Pool 184,719.06 0.32
Capital One Financial Corp 490,187.18 0.86
Caterpillar Inc 221,044.05 0.39
Charles Schwab Corp 297,319.50 0.52
Cisco Systems Inc 427,691.46 0.75
Citigroup Inc 1,330,419.45 2.33
Deere & Co 382,267.13 0.67
Discover Card Execution Note Trust 350,723.10 0.61
Federal Home Loan Mortgage Corp 7,367,848.92 12.91
Federal National Mortgage Association 503,615.62 0.88
Fifth Third Auto Trust 160,395.00 0.28
Ford Credit Auto Owner Trust 33,872.77 0.06
GM Financial Consumer Automobile Receiv 97,903.52 0.17
Harley-Davidson Inc 30,022.11 0.05
Home Depot Inc 380,763.38 0.67
Honda Auto Receivables Owner Trust 428,710.41 0.75
Honda Motor Co Ltd 396,389.20 0.69
Hyundai Auto Receivables Trust 163,605.26 0.29
JPMorgan Chase & Co 407,197.13 0.71
PFM Asset Management, a division of Page 4
U.S. Bancorp Asset Management, Inc.

Managed Account Issuer Summary For the Month Ending March 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Issuer of Holdings Percent
Market Value
Lockheed Martin Corp 60,357.24 0.11
Mars Inc 116,210.26 0.20
Mercedes-Benz Auto Receivables Trust 554,282.85 0.97
Microsoft Corp 745,980.00 1.31
Morgan Stanley 528,113.78 0.93
National Australia Bank Ltd 498,933.50 0.87
National Rural Utilities Cooperative Fi 344,757.35 0.60 Nissan Auto Receivables Owner Trust 14,116.26 0.02
Northern Trust Corp 569,837.07 1.00
Novartis AG 504,319.11 0.88
PACCAR Inc 402,683.20 0.71
Porsche Innovative Lease Owner 100,639.30 0.18
Shell PLC 569,358.10 1.00
State of California 201,877.80 0.35
State Street Corp 203,146.60 0.36
Target Corp 39,372.40 0.07
Texas Instruments Inc 85,639.88 0.15
TotalEnergies SE 569,695.05 1.00
Toyota Auto Receivables Owner Trust 192,633.41 0.34
Toyota Motor Corp 378,420.38 0.66
United States Treasury 27,972,136.50 49.00
UnitedHealth Group Inc 224,149.73 0.39
Verizon Master Trust 416,854.22 0.73
Wells Fargo & Co 403,468.40 0.71
WF Card Issuance Trust 487,519.09 0.85
Total $57,087,244.87 100.00%
PFM Asset Management, a division of Page 5
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 3.72 567.68 74,256.54 74,188.80

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2 500,000.00 AA+ Aa1 10/01/24 10/07/24 460,722.66 3.51 1,571.13 475,724.30 472,578.00

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 11,312.15 1,187,813.65 1,197,609.60

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,375,000.00 AA+ Aa1 01/02/25 01/07/25 1,344,653.32 4.36 12,961.84 1,353,507.07 1,372,261.00

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 13,904.52 1,453,116.41 1,472,061.80

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 24,509.67 2,576,269.06 2,594,820.80

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 600,000.00 AA+ Aa1 07/01/25 07/03/25 589,054.69 3.75 4,901.93 590,975.86 589,101.60

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 7,352.90 883,156.84 883,652.40

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 7,352.90 880,188.88 883,652.40

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 7,557.15 905,815.87 908,198.30

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 12,254.83 1,481,555.63 1,472,754.00

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 21,650.21 2,584,827.19 2,601,865.40

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 31,862.57 3,849,859.21 3,829,160.40

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 2,113.26 306,225.37 303,796.80 PFM Asset Management, a division of Page 6
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 900,000.00 AA+ Aa1 01/02/26 01/07/26 920,285.16 3.65 6,339.78 919,209.31 911,390.40

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 6,868.09 994,921.03 987,339.60

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 1,450,000.00 AA+ Aa1 02/02/26 02/05/26 1,478,320.31 3.72 10,214.09 1,477,313.10 1,468,351.20

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 1,725,000.00 AA+ Aa1 03/13/26 03/17/26 1,752,290.04 3.81 12,151.24 1,752,023.44 1,746,831.60

US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
91282CMG3 4,150,000.00 AA+ Aa1 03/02/26 03/06/26 4,253,101.56 3.56 29,233.43 4,251,328.95 4,202,522.40 Security Type Sub-Total 28,100,000.00 27,905,275.41 3.85 224,679.37 27,998,087.71 27,972,136.50 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 4.85 807.67 200,000.00 201,877.80 Security Type Sub-Total 200,000.00 200,000.00 4.85 807.67 200,000.00 201,877.80 Federal Agency Commercial Mortgage-Backed Security
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 1,215.96 547,250.57 546,597.70 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 358,520.25 AA+ Aa1 05/19/23 05/24/23 347,484.55 4.29 999.97 356,472.39 356,602.52 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 1,477.67 541,485.63 545,939.35 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 550,000.00 AA+ Aa1 06/08/23 06/13/23 527,033.20 4.42 1,486.38 543,664.33 545,547.75 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
3137HBC69 289,330.44 AA+ Aa1 12/06/23 12/14/23 289,328.12 4.86 1,171.31 289,329.84 292,221.43 PFM Asset Management, a division of Page 7
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 428,278.28 AA+ Aa1 07/19/23 07/27/23 428,267.60 4.78 1,704.90 428,273.42 430,748.16 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 2,208.71 552,488.28 556,141.85 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
3136BQDE6 504,078.87 AA+ Aa1 07/18/23 07/31/23 495,533.16 4.58 1,757.62 500,106.11 503,615.62 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 1,975.00 494,205.12 505,374.50 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 3,100.00 793,873.94 808,060.00 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 1,515.63 368,414.06 380,605.12 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 2,000.00 496,780.35 506,412.50 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 180,000.00 AA+ Aa1 11/14/23 11/21/23 179,479.62 5.14 760.35 179,711.86 183,631.68 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 1,113.75 274,559.91 279,283.40 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 1,104.90 291,704.20 292,516.62 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 1,730.67 441,860.61 447,057.16 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 1,873.99 498,219.45 499,980.20 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
3137HKXJ8 190,000.00 AA+ Aa1 04/15/25 04/24/25 189,993.35 4.41 698.25 189,994.65 191,128.98 Security Type Sub-Total 7,825,207.83 7,701,964.42 4.72 27,895.06 7,788,394.72 7,871,464.54 PFM Asset Management, a division of Page 8
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 1.19 977.50 224,990.41 224,149.73

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 1.26 297.74 174,996.17 173,008.50

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 1.81 881.88 224,824.66 221,044.05

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 1.99 164.67 39,989.22 39,372.40

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 1,758.16 474,826.99 467,203.83

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 3,781.25 743,883.10 745,980.00

AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
025816CS6 300,000.00 A- A2 01/13/23 01/18/23 277,203.00 4.59 573.75 294,891.39 295,648.20

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 2.70 485.56 473,295.11 467,638.93

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 4,950.00 296,330.63 297,319.50

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 6,074.44 496,839.41 498,933.50

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 1,186.18 764,406.05 763,803.58

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 3,805.99 375,463.93 378,420.38

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 1,785.00 342,235.22 344,757.35

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 4.04 499.61 85,784.70 85,639.88 PFM Asset Management, a division of Page 9
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 4.93 937.19 207,401.75 210,595.09

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 1,008.67 59,953.90 60,357.24

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 3,970.31 376,318.00 382,267.13

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 5.92 241.79 748,004.56 778,794.75

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 2,302.56 339,729.53 343,316.02

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 1,980.42 419,911.20 427,691.46

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 4.74 110.97 49,944.14 50,777.20

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 1,609.10 725,221.46 736,269.40

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 4,012.00 169,858.78 172,770.32

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 4,838.00 204,807.58 208,340.68

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 2,399.41 110,061.98 110,953.81

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 6,325.71 290,000.00 292,514.59

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 10,941.10 600,000.00 602,608.80

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 1,583.33 124,456.87 126,921.13 PFM Asset Management, a division of Page 10
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 3,166.67 249,075.95 253,842.25

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
02665WFQ9 400,000.00 BBB+ A3 09/03/24 09/05/24 399,520.00 4.43 1,271.11 399,660.05 396,389.20

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 4.83 460.00 114,899.74 116,210.26

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 4,216.32 200,000.00 203,146.60

PACCAR FINANCIAL CORP
DTD 05/08/2025 4.550% 05/08/2030
69371RT71 400,000.00 A+ A1 05/05/25 05/08/25 399,380.00 4.59 7,229.44 399,481.89 402,683.20

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 5,300.00 399,699.82 401,261.60

NOVARTIS CAPITAL CORP (CALLABLE)
DTD 11/05/2025 4.100% 11/05/2030
66989HAY4 510,000.00 AA- Aa3 11/03/25 11/05/25 508,470.00 4.17 8,480.17 508,584.76 504,319.11

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 2,076.82 124,555.51 123,773.50

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 7,476.56 449,200.02 445,584.60

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 1,749.92 114,947.68 113,967.41

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 6,999.67 459,481.79 455,869.66 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 8,578.68 574,425.55 568,262.15

TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 240,000.00 A+ Aa3 01/06/26 01/13/26 240,000.00 4.25 2,208.96 240,000.00 237,785.76

TOTALENERGI CAP USA LLC (CALLABLE)
DTD 01/13/2026 4.248% 01/13/2031
89158TAA7 335,000.00 A+ Aa3 01/07/26 01/13/26 335,613.05 4.21 3,083.34 335,588.67 331,909.29 PFM Asset Management, a division of Page 11
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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 14,056,000.00 13,896,959.07 4.29 131,779.95 14,008,028.17 14,062,102.04 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 5,578.65 525,235.73 528,113.78 Security Type Sub-Total 525,000.00 525,525.00 4.94 5,578.65 525,235.73 528,113.78 Asset-Backed Security
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
65480JAC4 14,110.90 AAA Aaa 09/20/22 09/28/22 14,107.98 4.46 27.97 14,110.19 14,116.26 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
36265QAD8 7,734.26 AAA NR 10/04/22 10/12/22 7,732.99 4.82 15.53 7,733.90 7,736.57 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2 53,487.59 AAA NR 01/24/23 01/30/23 53,487.56 4.63 110.07 53,487.58 53,560.07 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 29,970.29 NR Aaa 02/13/23 02/23/23 29,967.27 5.05 67.27 29,969.22 30,022.11 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
344928AD8 33,817.65 AAA NR 03/28/23 03/31/23 33,814.12 4.65 69.89 33,816.29 33,872.77 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 121,733.97 AAA NR 08/15/23 08/22/23 121,708.87 5.42 237.82 121,723.45 122,358.22 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 4.79 361.91 169,983.38 170,153.85 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 4.87 411.24 189,992.73 190,189.05 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 4.42 962.58 489,952.07 490,187.18 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 4.93 766.89 349,978.99 350,723.10 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
438123AC5 47,069.79 NR Aaa 11/01/23 11/08/23 47,061.50 5.67 74.13 47,065.58 47,478.88 PFM Asset Management, a division of Page 12
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

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
FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 159,315.16 AAA Aaa 08/15/23 08/23/23 159,305.29 5.53 391.56 159,310.46 160,395.00 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 5.17 928.80 404,941.28 407,197.13 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 5.23 953.02 409,990.57 412,374.31 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 99,992.07 100,639.30 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 4.98 398.40 179,986.75 181,145.52 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 1,150.60 494,898.53 501,514.20 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 4.15 212.11 114,989.80 115,075.21 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 79,995.70 80,228.16 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 1,168.44 552,973.30 554,282.85 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 4.51 571.89 414,986.45 416,854.22 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 89,989.00 90,166.95 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 4.31 478.89 250,000.00 250,939.75 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 4.34 935.51 484,994.52 487,519.09 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 6,569.44 549,871.76 551,624.70 PFM Asset Management, a division of Page 13
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held For the Month Ending March 31, 2026

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026

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 98.92 74,188.80 3,747.39 (67.74) DTD 11/15/2016 2.000% 11/15/2026

0.61 3.77
US TREASURY N/B 91282CCH2 500,000.00 BMO 94.52 472,578.00 11,855.34 (3,146.30) DTD 06/30/2021 1.250% 06/30/2028

2.17 3.82
US TREASURY N/B 91282CJR3 1,200,000.00 Citigrou 99.80 1,197,609.60 15,515.85 9,795.95 DTD 01/02/2024 3.750% 12/31/2028

2.57 3.83
US TREASURY N/B 91282CJR3 1,375,000.00 MorganSt 99.80 1,372,261.00 27,607.68 18,753.93 DTD 01/02/2024 3.750% 12/31/2028

2.57 3.83
US TREASURY N/B 91282CJR3 1,475,000.00 JPMorgan 99.80 1,472,061.80 27,368.44 18,945.39 DTD 01/02/2024 3.750% 12/31/2028

2.57 3.83
US TREASURY N/B 91282CJR3 2,600,000.00 MorganSt 99.80 2,594,820.80 29,047.36 18,551.74 DTD 01/02/2024 3.750% 12/31/2028

2.57 3.83
US TREASURY N/B 91282CEV9 600,000.00 Citigrou 98.18 589,101.60 46.91 (1,874.26) DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 900,000.00 BMO 98.18 883,652.40 5,238.34 495.56 DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 900,000.00 BMO 98.18 883,652.40 8,085.99 3,463.52 DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 925,000.00 Citigrou 98.18 908,198.30 5,961.97 2,382.43 DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 1,500,000.00 Citigrou 98.18 1,472,754.00 (4,042.88) (8,801.63) DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 2,650,000.00 MorganSt 98.18 2,601,865.40 36,748.21 17,038.21 DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CEV9 3,900,000.00 RBC Capi 98.18 3,829,160.40 (12,491.94) (20,698.81) DTD 06/30/2022 3.250% 06/30/2029

3.02 3.85
US TREASURY N/B 91282CMG3 300,000.00 Citigrou 101.27 303,796.80 (3,023.51) (2,428.57) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
US TREASURY N/B 91282CMG3 900,000.00 Citigrou 101.27 911,390.40 (8,894.76) (7,818.91) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
US TREASURY N/B 91282CMG3 975,000.00 HSBC 101.27 987,339.60 (9,902.59) (7,581.43) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
US TREASURY N/B 91282CMG3 1,450,000.00 Citigrou 101.27 1,468,351.20 (9,969.11) (8,961.90) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
PFM Asset Management, a division of Page 15
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026

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 1,725,000.00 RBC Capi 101.27 1,746,831.60 (5,458.44) (5,191.84) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
US TREASURY N/B 91282CMG3 4,150,000.00 BMO 101.27 4,202,522.40 (50,579.16) (48,806.55) DTD 01/31/2025 4.250% 01/31/2030

3.49 3.89
Security Type Sub-Total 28,100,000.00 27,972,136.50 66,861.09 (25,951.21) 3.06 3.86 Municipal Bond / Note
CA ST 13063D3N6 200,000.00 WellsFar 100.94 201,877.80 1,877.80 1,877.80 DTD 03/15/2023 4.846% 03/01/2027

0.89 3.79
Security Type Sub-Total 200,000.00 201,877.80 1,877.80 1,877.80 0.89 3.79 Federal Agency Commercial Mortgage-Backed Security
FHMS K058 A2 3137BSP72 550,000.00 BREAN 99.38 546,597.70 19,757.86 (652.87) DTD 11/01/2016 2.653% 08/01/2026

0.35 3.93
FHMS K061 A2 3137BTUM1 358,520.25 Citigrou 99.47 356,602.52 9,117.97 130.13 DTD 01/01/2017 3.347% 11/01/2026

0.57 3.93
FHMS K064 A2 3137BXQY1 550,000.00 MorganSt 99.26 545,939.35 27,134.66 4,453.72 DTD 05/01/2017 3.224% 03/01/2027

0.80 3.91
FHMS K065 A2 3137F1G44 550,000.00 Citigrou 99.19 545,547.75 18,514.55 1,883.42 DTD 07/01/2017 3.243% 04/01/2027

0.95 3.89
FHMS KJ48 A1 3137HBC69 289,330.44 JPMorgan 101.00 292,221.43 2,893.31 2,891.59 DTD 12/01/2023 4.858% 05/01/2028

1.72 4.14
FHMS KJ46 A1 3137HAD45 428,278.28 JPMorgan 100.58 430,748.16 2,480.56 2,474.74 DTD 07/01/2023 4.777% 06/01/2028

1.18 4.07
FHMS K505 A2 3137HACX2 550,000.00 JPMorgan 101.12 556,141.85 648.45 3,653.57 DTD 07/01/2023 4.819% 06/01/2028

1.98 4.14
FNA 2023-M6 A2 3136BQDE6 504,078.87 JPMorgan 99.91 503,615.62 8,082.46 3,509.51 DTD 07/01/2023 4.184% 07/01/2028

2.12 4.13
FHMS K508 A2 3137HAQ74 500,000.00 BMO 101.07 505,374.50 16,342.50 11,169.38 DTD 10/01/2023 4.740% 08/01/2028

2.16 4.14
FHMS K506 A2 3137HAMH6 800,000.00 WellsFar 101.01 808,060.00 19,894.40 14,186.06 DTD 09/01/2023 4.650% 08/01/2028

2.13 4.08
PFM Asset Management, a division of Page 16
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026

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 K509 A2 3137HAST4 375,000.00 MorganSt 101.49 380,605.12 17,561.24 12,191.06 DTD 10/01/2023 4.850% 09/01/2028

2.24 4.09
FHMS K507 A2 3137HAMS2 500,000.00 BOFAML 101.28 506,412.50 12,389.00 9,632.15 DTD 09/01/2023 4.800% 09/01/2028

2.20 4.12
FHMS K510 A2 3137HB3D4 180,000.00 JPMorgan 102.02 183,631.68 4,152.06 3,919.82 DTD 11/01/2023 5.069% 10/01/2028

2.28 4.09
FHMS K511 A2 3137HB3G7 275,000.00 BOFAML 101.56 279,283.40 5,073.47 4,723.49 DTD 12/01/2023 4.860% 10/01/2028

2.31 4.10
FHMS K514 A2 3137HBLV4 290,000.00 JPMorgan 100.87 292,516.62 (383.09) 812.42 DTD 02/01/2024 4.572% 12/01/2028

2.40 4.13
FHMS K524 A2 3137HDV56 440,000.00 PIER 101.60 447,057.16 4,355.12 5,196.55 DTD 07/01/2024 4.720% 05/01/2029

2.84 4.09
FHMS K526 A2 3137HDXL9 495,000.00 BMO 101.01 499,980.20 349.97 1,760.75 DTD 08/01/2024 4.543% 07/01/2029

3.00 4.15
FHMS K539 A2 3137HKXJ8 190,000.00 JPMorgan 100.59 191,128.98 1,135.63 1,134.33 DTD 04/01/2025 4.410% 01/01/2030

3.43 4.19
Security Type Sub-Total 7,825,207.83 7,871,464.54 169,500.12 83,069.82 1.84 4.06 Corporate Note
UNITEDHEALTH GROUP INC (CALLABLE) 91324PEC2 225,000.00 Citigrou 04/15/26 99.62 224,149.73 (458.77) (840.68) DTD 05/19/2021 1.150% 05/15/2026

0.12 4.27
BMW US CAPITAL LLC (CALLABLE) 05565EBW4 175,000.00 SUMITR 07/12/26 98.86 173,008.50 (1,939.00) (1,987.67) DTD 08/12/2021 1.250% 08/12/2026

0.36 4.43
CATERPILLAR FINL SERVICE 14913R2U0 225,000.00 JPMorgan 98.24 221,044.05 (2,819.70) (3,780.61) DTD 01/10/2022 1.700% 01/08/2027

0.75 4.04
TARGET CORP (CALLABLE) 87612EBM7 40,000.00 Citigrou 12/15/26 98.43 39,372.40 (559.60) (616.82) DTD 01/24/2022 1.950% 01/15/2027

0.77 3.99
BANK OF NY MELLON CORP (CALLABLE) 06406RBA4 475,000.00 Deutsche 12/24/26 98.36 467,203.83 (6,741.67) (7,623.16) DTD 01/26/2022 2.050% 01/26/2027

0.80 4.10
MICROSOFT CORP (CALLABLE) 594918BY9 750,000.00 GoldmanS 11/06/26 99.46 745,980.00 24,037.50 2,096.90 DTD 02/06/2017 3.300% 02/06/2027

0.78 3.95
AMERICAN EXPRESS CO (CALLABLE) 025816CS6 300,000.00 RBS 02/01/27 98.55 295,648.20 18,445.20 756.81 DTD 03/04/2022 2.550% 03/04/2027

0.89 4.16
PFM Asset Management, a division of Page 17
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026

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
BERKSHIRE HATHAWAY FIN (CALLABLE) 084664CZ2 475,000.00 SEEL 02/15/27 98.45 467,638.93 1,549.93 (5,656.18) DTD 03/15/2022 2.300% 03/15/2027

0.93 3.97
CHARLES SCHWAB CORP (CALLABLE) 808513BW4 300,000.00 Barclays 01/01/27 99.11 297,319.50 12,394.50 988.87 DTD 09/24/2021 3.300% 04/01/2027

0.94 4.22
NATIONAL AUSTRALIA BK/NY 63254ABE7 500,000.00 CAS 99.79 498,933.50 10,608.50 2,094.09 DTD 06/09/2022 3.905% 06/09/2027

1.14 4.09
APPLE INC (CALLABLE) 037833DB3 775,000.00 TD Secur 06/12/27 98.56 763,803.58 22,740.83 (602.47) DTD 09/12/2017 2.900% 09/12/2027

1.36 3.94
TOYOTA MOTOR CREDIT CORP 89236TKQ7 375,000.00 WellsFar 100.91 378,420.38 2,137.88 2,956.45 DTD 01/12/2023 4.625% 01/12/2028

1.68 4.09
NATIONAL RURAL UTIL COOP (CALLABLE) 637432NP6 350,000.00 MorganSt 11/07/27 98.50 344,757.35 15,568.35 2,522.13 DTD 02/07/2018 3.400% 02/07/2028

1.70 4.25
TEXAS INSTRUMENTS INC (CALLABLE) 882508BV5 85,000.00 JPMorgan 01/15/28 100.75 85,639.88 (1,403.52) (144.82) DTD 11/18/2022 4.600% 02/15/2028

1.72 4.18
BRISTOL-MYERS SQUIBB CO (CALLABLE) 110122DE5 211,000.00 MAXE 11/20/27 99.81 210,595.09 9,012.02 3,193.34 DTD 07/15/2020 3.900% 02/20/2028

1.68 4.00
LOCKHEED MARTIN CORP (CALLABLE) 539830BZ1 60,000.00 Barclays 04/15/28 100.60 60,357.24 465.24 403.34 DTD 05/25/2023 4.450% 05/15/2028

1.93 4.15
JOHN DEERE CAPITAL CORP 24422EXB0 375,000.00 Citigrou 101.94 382,267.13 4,402.13 5,949.13 DTD 07/14/2023 4.950% 07/14/2028

2.13 4.05
CITIBANK NA (CALLABLE) 17325FBB3 750,000.00 Barclays 08/29/28 103.84 778,794.75 32,514.75 30,790.19 DTD 09/29/2023 5.803% 09/29/2028

2.26 4.17
AIR PRODUCTS & CHEMICALS (CALLABLE) 009158BH8 340,000.00 Barclays 01/08/29 100.98 343,316.02 3,768.22 3,586.49 DTD 02/08/2024 4.600% 02/08/2029

2.60 4.23
CISCO SYSTEMS INC (CALLABLE) 17275RBR2 420,000.00 Citigrou 01/26/29 101.83 427,691.46 7,838.46 7,780.26 DTD 02/26/2024 4.850% 02/26/2029

2.64 4.17
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 50,000.00 Citigrou 02/14/29 101.55 50,777.20 867.70 833.06 DTD 03/14/2024 4.700% 03/14/2029

2.69 4.13
BLACKROCK FUNDING INC (CALLABLE) 09290DAA9 725,000.00 BOFAML 02/14/29 101.55 736,269.40 10,914.15 11,047.94 DTD 03/14/2024 4.700% 03/14/2029

2.69 4.13
ADOBE INC (CALLABLE) 00724PAF6 170,000.00 SEEL 03/04/29 101.63 172,770.32 2,994.72 2,911.54 DTD 04/04/2024 4.800% 04/04/2029

2.67 4.22
ADOBE INC (CALLABLE) 00724PAF6 205,000.00 BOFAML 03/04/29 101.63 208,340.68 3,646.13 3,533.10 DTD 04/04/2024 4.800% 04/04/2029

2.67 4.22
PFM Asset Management, a division of Page 18
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026

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
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 110,000.00 SEEL 04/23/28 100.87 110,953.81 865.81 891.83 DTD 04/23/2025 4.970% 04/23/2029

1.90 4.68
WELLS FARGO & COMPANY (CALLABLE) 95000U3T8 290,000.00 WellsFar 04/23/28 100.87 292,514.59 2,514.59 2,514.59 DTD 04/23/2025 4.970% 04/23/2029

1.90 4.68
BANK OF AMERICA CORP (CALLABLE) 06051GMT3 600,000.00 BOFAML 05/09/28 100.43 602,608.80 2,608.80 2,608.80 DTD 05/09/2025 4.623% 05/09/2029

1.95 4.51
HOME DEPOT INC (CALLABLE) 437076DC3 125,000.00 MorganSt 05/25/29 101.54 126,921.13 2,727.38 2,464.26 DTD 06/25/2024 4.750% 06/25/2029

2.90 4.23
HOME DEPOT INC (CALLABLE) 437076DC3 250,000.00 PNCBank 05/25/29 101.54 253,842.25 5,214.75 4,766.30 DTD 06/25/2024 4.750% 06/25/2029

2.90 4.23
AMERICAN HONDA FINANCE 02665WFQ9 400,000.00 Deutsche 99.10 396,389.20 (3,130.80) (3,270.85) DTD 09/05/2024 4.400% 09/05/2029

3.14 4.69
MARS INC (CALLABLE) 571676AY1 115,000.00 BOFAML 02/01/30 101.05 116,210.26 1,334.46 1,310.52 DTD 03/12/2025 4.800% 03/01/2030

3.50 4.50
STATE STREET CORP (CALLABLE) 857477DB6 200,000.00 MorganSt 03/24/30 101.57 203,146.60 3,146.60 3,146.60 DTD 04/24/2025 4.834% 04/24/2030

3.56 4.41
PACCAR FINANCIAL CORP 69371RT71 400,000.00 TD Secur 100.67 402,683.20 3,303.20 3,201.31 DTD 05/08/2025 4.550% 05/08/2030

3.65 4.37
ANALOG DEVICES INC (CALLABLE) 032654BE4 400,000.00 BOFAML 05/15/30 100.32 401,261.60 1,613.60 1,561.78 DTD 06/16/2025 4.500% 06/15/2030

3.72 4.42
NOVARTIS CAPITAL CORP (CALLABLE) 66989HAY4 510,000.00 JPMorgan 10/05/30 98.89 504,319.11 (4,150.89) (4,265.65) DTD 11/05/2025 4.100% 11/05/2030

4.06 4.37
SHELL FINANCE US INC (CALLABLE) 822905AN5 125,000.00 MorganSt 10/06/30 99.02 123,773.50 (746.50) (782.01) DTD 11/06/2025 4.125% 11/06/2030

4.06 4.36
SHELL FINANCE US INC (CALLABLE) 822905AN5 450,000.00 RBC Capi 10/06/30 99.02 445,584.60 (3,551.40) (3,615.42) DTD 11/06/2025 4.125% 11/06/2030

4.06 4.36
NORTHERN TRUST CORP 665859AY0 115,000.00 BOFAML 99.10 113,967.41 (976.24) (980.27) DTD 11/19/2025 4.150% 11/19/2030

4.12 4.37
NORTHERN TRUST CORP 665859AY0 460,000.00 CIDLY 99.10 455,869.66 (3,573.74) (3,612.13) DTD 11/19/2025 4.150% 11/19/2030

4.12 4.37
AMAZON.COM INC (CALLABLE) 023135CT1 575,000.00 JPMorgan 10/20/30 98.83 568,262.15 (6,122.60) (6,163.40) DTD 11/20/2025 4.100% 11/20/2030

4.10 4.38
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 240,000.00 Citigrou 12/13/30 99.08 237,785.76 (2,214.24) (2,214.24) DTD 01/13/2026 4.248% 01/13/2031

4.23 4.46
PFM Asset Management, a division of Page 19
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026

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
TOTALENERGI CAP USA LLC (CALLABLE) 89158TAA7 335,000.00 TD Secur 12/13/30 99.08 331,909.29 (3,703.76) (3,679.38) DTD 01/13/2026 4.248% 01/13/2031

4.23 4.46
Security Type Sub-Total 14,056,000.00 14,062,102.04 165,142.97 54,073.87 2.36 4.24 Bank Note
MORGAN STANLEY BANK NA (CALLABLE) 61690U8E3 525,000.00 Citigrou 07/14/27 100.59 528,113.78 2,588.78 2,878.05 DTD 07/19/2024 4.968% 07/14/2028

1.23 4.53
Security Type Sub-Total 525,000.00 528,113.78 2,588.78 2,878.05 1.23 4.53 Asset-Backed Security
NAROT 2022-B A3 65480JAC4 14,110.90 WellsFar 100.04 14,116.26 8.28 6.07 DTD 09/28/2022 4.460% 05/17/2027

0.13 4.20
GMCAR 2022-4 A3 36265QAD8 7,734.26 RBC Capi 100.03 7,736.57 3.58 2.67 DTD 10/12/2022 4.820% 08/16/2027

0.04 4.13
TAOT 2023-A A3 891940AC2 53,487.59 BOFAML 100.14 53,560.07 72.51 72.49 DTD 01/30/2023 4.630% 09/15/2027

0.24 4.11
HDMOT 2023-A A3 41285JAD0 29,970.29 JPMorgan 100.17 30,022.11 54.84 52.89 DTD 02/23/2023 5.050% 12/15/2027

0.20 4.25
FORDO 2023-A A3 344928AD8 33,817.65 BNPPSA 100.16 33,872.77 58.65 56.48 DTD 03/31/2023 4.650% 02/15/2028

0.30 4.15
HAROT 2023-3 A3 43815QAC1 121,733.97 BOFAML 100.51 122,358.22 649.35 634.77 DTD 08/22/2023 5.410% 02/18/2028

0.41 4.22
BACCT 2023-A1 A1 05522RDG0 170,000.00 BOFAML 100.09 170,153.85 192.34 170.47 DTD 06/16/2023 4.790% 05/15/2028

0.12 4.08
AMXCA 2023-1 A 02582JJZ4 190,000.00 RBC Capi 100.10 190,189.05 205.90 196.32 DTD 06/14/2023 4.870% 05/15/2028

0.12 4.09
COMET 2023-A1 A 14041NGD7 490,000.00 RBC Capi 100.04 490,187.18 299.54 235.11 DTD 05/24/2023 4.420% 05/15/2028

0.12 4.14
DCENT 2023-A2 A 254683CZ6 350,000.00 BOFAML 100.21 350,723.10 770.38 744.11 DTD 06/28/2023 4.930% 06/15/2028

0.20 3.95
HAROT 2023-4 A3 438123AC5 47,069.79 JPMorgan 100.87 47,478.88 417.38 413.30 DTD 11/08/2023 5.670% 06/21/2028

0.59 4.27
PFM Asset Management, a division of Page 20
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026

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
FITAT 2023-1 A3 31680EAD3 159,315.16 JPMorgan 100.68 160,395.00 1,089.71 1,084.54 DTD 08/23/2023 5.530% 08/15/2028

0.49 4.19
CHAIT 2023-A1 A 161571HT4 405,000.00 JPMorgan 100.54 407,197.13 2,309.40 2,255.85 DTD 09/15/2023 5.160% 09/15/2028

0.44 3.99
AMXCA 2023-3 A 02582JKD1 410,000.00 Citigrou 100.58 412,374.31 2,392.64 2,383.74 DTD 09/19/2023 5.230% 09/15/2028

0.44 3.98
PILOT 2025-1A A3 73329KAD8 100,000.00 Barclays 100.64 100,639.30 650.01 647.23 DTD 05/21/2025 4.610% 10/20/2028

1.31 4.17
BACCT 2023-A2 A2 05522RDH8 180,000.00 BOFAML 100.64 181,145.52 1,169.69 1,158.77 DTD 12/14/2023 4.980% 11/15/2028

0.60 3.98
AMXCA 2024-1 A 02582JKH2 495,000.00 Barclays 101.32 501,514.20 6,615.67 6,615.67 DTD 04/23/2024 5.230% 04/16/2029

0.99 3.97
HAROT 2025-2 A3 437921AD1 115,000.00 JPMorgan 100.07 115,075.21 88.06 85.41 DTD 05/08/2025 4.150% 10/15/2029

1.39 4.14
BAAT 2025-1A A3 05594BAD8 80,000.00 BOFAML 100.29 80,228.16 233.68 232.46 DTD 05/12/2025 4.350% 11/20/2029

1.11 4.13
MBART 2025-1 A3 58773DAD6 550,000.00 WellsFar 100.78 554,282.85 609.02 1,309.55 DTD 01/23/2025 4.780% 12/17/2029

1.06 4.09
VZMT 2025-3 A1A 92348KDY6 415,000.00 BOFAML 100.45 416,854.22 1,872.06 1,867.77 DTD 03/31/2025 4.510% 03/20/2030

1.47 4.31
GMCAR 2025-2 A3 362549AD9 90,000.00 TD Secur 100.19 90,166.95 180.20 177.95 DTD 05/14/2025 4.280% 04/16/2030

1.23 4.17
BACCT 2025-A1 A 05522RDK1 250,000.00 BOFAML 100.38 250,939.75 940.70 939.75 DTD 06/12/2025 4.310% 05/15/2030

1.99 4.16
WFCIT 2025-A1 A 92970QAJ4 485,000.00 WellsFar 100.52 487,519.09 2,527.14 2,524.57 DTD 06/10/2025 4.340% 05/15/2030

1.99 4.12
CCCIT 2025-A1 A 17305EHA6 550,000.00 Citigrou 100.30 551,624.70 1,773.91 1,752.94 DTD 06/26/2025 4.300% 06/21/2030

2.08 4.16
TAOT 2026-A A3 89240KAD0 140,000.00 BNP Sec 99.34 139,073.34 (914.73) (915.21) DTD 01/21/2026 3.860% 09/16/2030

2.12 4.20
HAROT 2026-1 A3 43815CAD0 145,000.00 MUFG 99.17 143,798.10 (1,178.80) (1,179.83) DTD 02/18/2026 3.780% 09/23/2030

2.16 4.20
HART 2026-A A3 448981AD2 165,000.00 BOFAML 99.15 163,605.26 (1,383.60) (1,384.46) DTD 02/18/2026 3.790% 02/18/2031

2.25 4.20
PFM Asset Management, a division of Page 21
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2026

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
Security Type Sub-Total 6,242,239.61 6,266,831.15 21,707.51 22,141.38 1.05 4.10 Managed Account Sub-Total 56,948,447.44 56,902,525.81 427,678.27 138,089.71 2.47 4.01 Joint Powers Authority
CAMP Pool 184,719.06 1.00 184,719.06 0.00 0.00 0.00
Liquid Sub-Total 184,719.06 184,719.06 0.00 0.00 0.00
Total Investments $57,495,927.58
$408,682.71
$57,087,244.87
Accrued Interest
Securities Sub-Total $57,133,166.50 $427,678.27 $138,089.71 2.47 4.01% PFM Asset Management, a division of Page 22
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
03/06/26 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
03/02/26 91282CMG3 4,150,000.00 (4,253,101.56) (16,565.61) (4,269,667.17) 03/17/26 US TREASURY N/B
DTD 01/31/2025 4.250% 01/31/2030
03/13/26 91282CMG3 1,725,000.00 (1,752,290.04) (9,113.43) (1,761,403.47) Transaction Type Sub-Total 5,875,000.00 (6,005,391.60) (25,679.04) (6,031,070.64)

INTEREST
03/01/26 MARS INC (CALLABLE)
DTD 03/12/2025 4.800% 03/01/2030
03/01/26 571676AY1 0.00 2,760.00 2,760.00
03/01/26 CA ST
DTD 03/15/2023 4.846% 03/01/2027
03/01/26 13063D3N6 0.00 4,846.00 4,846.00
03/25/26 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
03/01/26 3137HBLV4 0.00 1,104.90 1,104.90
03/25/26 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
03/01/26 3137HDV56 0.00 1,730.67 1,730.67
03/25/26 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
03/01/26 3137HAMH6 0.00 3,100.00 3,100.00
03/25/26 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
03/01/26 3137HB3G7 0.00 1,113.75 1,113.75
03/25/26 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
03/01/26 3137HB3D4 0.00 760.35 760.35
03/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
03/01/26 3137HBC69 0.00 3,121.73 3,121.73
03/25/26 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
03/01/26 3137HACX2 0.00 2,208.71 2,208.71
03/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
03/01/26 3137HAD45 0.00 1,708.14 1,708.14
03/25/26 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
03/01/26 3137HAQ74 0.00 1,975.00 1,975.00
03/25/26 FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
03/01/26 3137BSP72 0.00 1,215.96 1,215.96
03/25/26 FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
03/01/26 3137F1G44 0.00 1,486.38 1,486.38
PFM Asset Management, a division of Page 23
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

INTEREST
03/25/26 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
03/01/26 3137BXQY1 0.00 1,477.67 1,477.67
03/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
03/01/26 3136BQDE6 0.00 1,757.81 1,757.81
03/25/26 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
03/01/26 3137HAST4 0.00 1,515.63 1,515.63
03/25/26 FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
03/01/26 3137HDXL9 0.00 1,873.99 1,873.99
03/25/26 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
03/01/26 3137HAMS2 0.00 2,000.00 2,000.00
03/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
03/01/26 3137BTUM1 0.00 1,005.53 1,005.53
03/25/26 FHMS K539 A2
DTD 04/01/2025 4.410% 01/01/2030
03/01/26 3137HKXJ8 0.00 698.25 698.25
03/04/26 AMERICAN EXPRESS CO (CALLABLE)
DTD 03/04/2022 2.550% 03/04/2027
03/04/26 025816CS6 0.00 3,825.00 3,825.00
03/05/26 AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
03/05/26 02665WFQ9 0.00 8,800.00 8,800.00
03/12/26 APPLE INC (CALLABLE)
DTD 09/12/2017 2.900% 09/12/2027
03/12/26 037833DB3 0.00 11,237.50 11,237.50
03/14/26 BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
03/14/26 09290DAA9 0.00 18,212.50 18,212.50
03/15/26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
03/15/26 14318MAD1 0.00 7.86 7.86
03/15/26 HART 2026-A A3
DTD 02/18/2026 3.790% 02/18/2031
03/15/26 448981AD2 0.00 469.01 469.01
03/15/26 BERKSHIRE HATHAWAY FIN
(CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
03/15/26 084664CZ2 0.00 5,462.50 5,462.50
03/15/26 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
03/15/26 02582JJZ4 0.00 771.08 771.08
03/15/26 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
03/15/26 254683CY9 0.00 1,149.33 1,149.33
PFM Asset Management, a division of Page 24
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

INTEREST
03/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
03/15/26 31680EAD3 0.00 806.25 806.25
03/15/26 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
03/15/26 02582JKH2 0.00 2,157.37 2,157.37
03/15/26 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
03/15/26 344928AD8 0.00 149.58 149.58
03/15/26 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
03/15/26 65480JAC4 0.00 69.30 69.30
03/15/26 COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
03/15/26 14041NGD7 0.00 1,804.83 1,804.83
03/15/26 DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
03/15/26 254683CZ6 0.00 1,437.92 1,437.92
03/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
03/15/26 41285JAD0 0.00 155.27 155.27
03/15/26 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
03/15/26 05522RDH8 0.00 747.00 747.00
03/15/26 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
03/15/26 161571HT4 0.00 1,741.50 1,741.50
03/15/26 WFCIT 2025-A1 A
DTD 06/10/2025 4.340% 05/15/2030
03/15/26 92970QAJ4 0.00 1,754.08 1,754.08
03/15/26 BACCT 2025-A1 A
DTD 06/12/2025 4.310% 05/15/2030
03/15/26 05522RDK1 0.00 897.92 897.92
03/15/26 TAOT 2026-A A3
DTD 01/21/2026 3.860% 09/16/2030
03/15/26 89240KAD0 0.00 450.33 450.33
03/15/26 MBART 2025-1 A3
DTD 01/23/2025 4.780% 12/17/2029
03/15/26 58773DAD6 0.00 2,190.83 2,190.83
03/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
03/15/26 891940AC2 0.00 243.95 243.95
03/15/26 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
03/15/26 02582JKD1 0.00 1,786.92 1,786.92
03/15/26 BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
03/15/26 05522RDG0 0.00 678.58 678.58
03/15/26 HAROT 2025-2 A3
DTD 05/08/2025 4.150% 10/15/2029
03/15/26 437921AD1 0.00 397.71 397.71
PFM Asset Management, a division of Page 25
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

INTEREST
03/16/26 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
03/16/26 36265QAD8 0.00 71.43 71.43
03/16/26 GMCAR 2025-2 A3
DTD 05/14/2025 4.280% 04/16/2030
03/16/26 362549AD9 0.00 321.00 321.00
03/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
03/18/26 43815QAC1 0.00 615.31 615.31
03/20/26 VZMT 2025-3 A1A
DTD 03/31/2025 4.510% 03/20/2030
03/20/26 92348KDY6 0.00 1,559.71 1,559.71
03/20/26 PILOT 2025-1A A3
DTD 05/21/2025 4.610% 10/20/2028
03/20/26 73329KAD8 0.00 384.17 384.17
03/20/26 BAAT 2025-1A A3
DTD 05/12/2025 4.350% 11/20/2029
03/20/26 05594BAD8 0.00 290.00 290.00
03/21/26 HAROT 2026-1 A3
DTD 02/18/2026 3.780% 09/23/2030
03/21/26 43815CAD0 0.00 502.43 502.43
03/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
03/21/26 438123AC5 0.00 241.97 241.97
03/29/26 CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
03/29/26 17325FBB3 0.00 21,761.25 21,761.25
Transaction Type Sub-Total 0.00 130,611.86 130,611.86

PAYDOWNS
03/25/26 FNA 2023-M6 A2
DTD 07/01/2023 4.184% 07/01/2028
03/01/26 3136BQDE6 57.55 57.55 0.00 57.55 0.98 0.47
03/25/26 FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
03/01/26 3137HBC69 86,717.85 86,717.85 0.00 86,717.85 0.69 0.18 03/25/26 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
03/01/26 3137HAD45 813.50 813.50 0.00 813.50 0.02 0.01
03/25/26 FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
03/01/26 3137BTUM1 1,992.88 1,992.88 0.00 1,992.88 61.34 12.84 03/15/26 FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
03/15/26 344928AD8 4,783.62 4,783.62 0.00 4,783.62 0.50 0.20 03/15/26 TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
03/15/26 891940AC2 9,739.90 9,739.90 0.00 9,739.90 0.00 0.00 PFM Asset Management, a division of Page 26
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

PAYDOWNS
03/15/26 DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
03/15/26 254683CY9 320,000.00 320,000.00 0.00 320,000.00 18.56 7.53 03/15/26 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
03/15/26 14318MAD1 2,375.10 2,375.12 0.00 2,375.12 0.08 0.03 03/15/26 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
03/15/26 31680EAD3 15,639.81 15,639.81 0.00 15,639.81 0.97 0.47 03/15/26 NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
03/15/26 65480JAC4 4,534.32 4,534.32 0.00 4,534.32 0.94 0.24 03/15/26 HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
03/15/26 41285JAD0 6,924.99 6,924.99 0.00 6,924.99 0.70 0.25 03/16/26 GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
03/16/26 36265QAD8 10,047.80 10,047.80 0.00 10,047.80 1.65 0.48 03/18/26 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
03/18/26 43815QAC1 14,748.07 14,748.07 0.00 14,748.07 3.04 1.30 03/21/26 HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
03/21/26 438123AC5 4,141.83 4,141.83 0.00 4,141.83 0.73 0.38 Transaction Type Sub-Total 482,517.22 482,517.24 0.00 482,517.24 90.20 24.38 SELL
03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 700,000.00 665,437.50 1,571.13 667,008.63 46,238.28 13,419.04 FIFO 03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 1,275,000.00 1,212,046.88 2,861.71 1,214,908.59 42,682.62 2,985.23 FIFO 03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 225,000.00 213,890.63 505.01 214,395.64 15,249.03 4,769.82 FIFO 03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 1,300,000.00 1,235,812.50 2,917.82 1,238,730.32 61,851.56 13,048.78 FIFO 03/06/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/02/26 91282CCH2 500,000.00 475,312.49 1,122.23 476,434.72 14,589.83 333.91 FIFO 03/17/26 US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
03/13/26 91282CCH2 1,400,000.00 1,324,695.31 3,674.03 1,328,369.34 34,671.87 (6,128.10) FIFO Transaction Type Sub-Total 5,400,000.00 5,127,195.31 12,651.93 5,139,847.24 215,283.19 28,428.68 PFM Asset Management, a division of Page 27
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest For the Month Ending March 31, 2026

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
Managed Account Sub-Total (395,679.05) 117,584.75 (278,094.30) 215,373.39 28,453.06 Total Security Transactions ($395,679.05) $117,584.75 ($278,094.30) $215,373.39 $28,453.06 PFM Asset Management, a division of Page 28
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 31, 2026

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 466,400.34
03/02/26 03/02/26 Purchase - Interest 13063D3N6 1.00 4,846.00 471,246.34 03/02/26 03/02/26 Purchase - Interest 571676AY1 1.00 2,760.00 474,006.34 03/04/26 03/04/26 Purchase - Interest 025816CS6 1.00 3,825.00 477,831.34 03/05/26 03/05/26 Purchase - Interest 02665WFQ9 1.00 8,800.00 486,631.34 03/06/26 03/06/26 Purchase - Principal 91282CCH2 1.00 3,802,500.00 4,289,131.34 03/06/26 03/06/26 Purchase - Interest 91282CCH2 1.00 8,977.90 4,298,109.24 03/06/26 03/06/26 Redemption - Interest 91282CMG3 1.00 (16,565.61) 4,281,543.63 03/06/26 03/06/26 Redemption - Principal 91282CMG3 1.00 (4,253,101.56) 28,442.07 03/12/26 03/12/26 Purchase - Interest 037833DB3 1.00 11,237.50 39,679.57 03/16/26 03/16/26 Purchase - Interest 084664CZ2 1.00 5,462.50 45,142.07 03/16/26 03/16/26 Purchase - Interest 09290DAA9 1.00 18,212.50 63,354.57 03/16/26 03/16/26 Purchase - Interest 02582JJZ4 1.00 771.08 64,125.65 03/16/26 03/16/26 Purchase - Interest 02582JKD1 1.00 1,786.92 65,912.57 03/16/26 03/16/26 Purchase - Interest 02582JKH2 1.00 2,157.37 68,069.94 03/16/26 03/16/26 Purchase - Interest 05522RDG0 1.00 678.58 68,748.52 03/16/26 03/16/26 Purchase - Interest 05522RDH8 1.00 747.00 69,495.52 03/16/26 03/16/26 Purchase - Interest 05522RDK1 1.00 897.92 70,393.44 03/16/26 03/16/26 Purchase - Interest 14041NGD7 1.00 1,804.83 72,198.27 03/16/26 03/16/26 Purchase - Interest 14318MAD1 1.00 7.86 72,206.13 03/16/26 03/16/26 Purchase - Interest 161571HT4 1.00 1,741.50 73,947.63 03/16/26 03/16/26 Purchase - Interest 254683CY9 1.00 1,149.33 75,096.96 PFM Asset Management, a division of Page 29
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 31, 2026

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
03/16/26 03/16/26 Purchase - Interest 254683CZ6 1.00 1,437.92 76,534.88 03/16/26 03/16/26 Purchase - Interest 31680EAD3 1.00 806.25 77,341.13 03/16/26 03/16/26 Purchase - Interest 344928AD8 1.00 149.58 77,490.71 03/16/26 03/16/26 Purchase - Interest 362549AD9 1.00 321.00 77,811.71 03/16/26 03/16/26 Purchase - Interest 36265QAD8 1.00 71.42 77,883.13 03/16/26 03/16/26 Purchase - Interest 41285JAD0 1.00 155.27 78,038.40 03/16/26 03/16/26 Purchase - Interest 437921AD1 1.00 397.71 78,436.11 03/16/26 03/16/26 Purchase - Interest 448981AD2 1.00 469.01 78,905.12 03/16/26 03/16/26 Purchase - Interest 58773DAD6 1.00 2,190.83 81,095.95 03/16/26 03/16/26 Purchase - Interest 65480JAC4 1.00 69.30 81,165.25 03/16/26 03/16/26 Purchase - Interest 891940AC2 1.00 243.95 81,409.20 03/16/26 03/16/26 Purchase - Interest 89240KAD0 1.00 450.33 81,859.53 03/16/26 03/16/26 Purchase - Interest 92970QAJ4 1.00 1,754.08 83,613.61 03/16/26 03/16/26 Purchase - Correction to Interest 36265QAD8 from 03/16/2026 1.00 71.43 83,685.04 03/16/26 03/16/26 Purchase - Principal 254683CY9 1.00 320,000.00 403,685.04 03/16/26 03/16/26 Purchase - Principal 14318MAD1 1.00 2,375.12 406,060.16 03/16/26 03/16/26 Purchase - Principal 31680EAD3 1.00 15,639.81 421,699.97 03/16/26 03/16/26 Purchase - Principal 344928AD8 1.00 4,783.62 426,483.59 03/16/26 03/16/26 Purchase - Principal 41285JAD0 1.00 6,924.99 433,408.58 03/16/26 03/16/26 Purchase - Principal 891940AC2 1.00 9,739.90 443,148.48 03/16/26 03/16/26 Purchase - Principal 65480JAC4 1.00 4,534.32 447,682.80 03/16/26 03/16/26 Purchase - Principal 36265QAD8 1.00 10,047.80 457,730.60 PFM Asset Management, a division of Page 30
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 31, 2026

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
03/16/26 03/16/26 Redemption - Reversal of Interest 36265QAD8 from 03/16/2026 1.00 (71.42) 457,659.18 03/17/26 03/17/26 Purchase - Principal 91282CCH2 1.00 1,324,695.31 1,782,354.49 03/17/26 03/17/26 Purchase - Interest 91282CCH2 1.00 3,674.03 1,786,028.52 03/17/26 03/17/26 Redemption - Principal 91282CMG3 1.00 (1,752,290.04) 33,738.48 03/17/26 03/17/26 Redemption - Interest 91282CMG3 1.00 (9,113.43) 24,625.05 03/18/26 03/18/26 Purchase - Interest 43815QAC1 1.00 615.31 25,240.36 03/18/26 03/18/26 Purchase - Principal 43815QAC1 1.00 14,748.07 39,988.43 03/20/26 03/20/26 Purchase - Interest 05594BAD8 1.00 290.00 40,278.43 03/20/26 03/20/26 Purchase - Interest 73329KAD8 1.00 384.17 40,662.60 03/20/26 03/20/26 Purchase - Interest 92348KDY6 1.00 1,559.71 42,222.31 03/23/26 03/23/26 Purchase - Interest 438123AC5 1.00 241.97 42,464.28 03/23/26 03/23/26 Purchase - Interest 43815CAD0 1.00 502.43 42,966.71 03/23/26 03/23/26 Purchase - Principal 438123AC5 1.00 4,141.83 47,108.54 03/25/26 03/25/26 Purchase - Interest 3137BXQY1 1.00 1,477.67 48,586.21 03/25/26 03/25/26 Purchase - Interest 3137F1G44 1.00 1,486.38 50,072.59 03/25/26 03/25/26 Purchase - Interest 3137HACX2 1.00 2,208.71 52,281.30 03/25/26 03/25/26 Purchase - Interest 3137HAD45 1.00 1,708.14 53,989.44 03/25/26 03/25/26 Purchase - Interest 3137HAMH6 1.00 3,100.00 57,089.44 03/25/26 03/25/26 Purchase - Interest 3137HAMS2 1.00 2,000.00 59,089.44 03/25/26 03/25/26 Purchase - Interest 3137HAQ74 1.00 1,975.00 61,064.44 03/25/26 03/25/26 Purchase - Interest 3137HAST4 1.00 1,515.63 62,580.07 03/25/26 03/25/26 Purchase - Interest 3137HB3D4 1.00 760.35 63,340.42 PFM Asset Management, a division of Page 31
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 31, 2026

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
03/25/26 03/25/26 Purchase - Interest 3137HB3G7 1.00 1,113.75 64,454.17 03/25/26 03/25/26 Purchase - Interest 3137HBC69 1.00 3,121.73 67,575.90 03/25/26 03/25/26 Purchase - Interest 3137HBLV4 1.00 1,104.90 68,680.80 03/25/26 03/25/26 Purchase - Interest 3137HDV56 1.00 1,730.67 70,411.47 03/25/26 03/25/26 Purchase - Interest 3137HDXL9 1.00 1,873.99 72,285.46 03/25/26 03/25/26 Purchase - Interest 3137HKXJ8 1.00 698.25 72,983.71 03/25/26 03/25/26 Purchase - Interest 3136BQDE6 1.00 1,757.81 74,741.52 03/25/26 03/25/26 Purchase - Interest 3137BSP72 1.00 1,215.96 75,957.48 03/25/26 03/25/26 Purchase - Interest 3137BTUM1 1.00 1,005.53 76,963.01 03/25/26 03/25/26 Purchase - Principal 3137BTUM1 1.00 1,992.88 78,955.89 03/25/26 03/25/26 Purchase - Principal 3137HAD45 1.00 813.50 79,769.39 03/25/26 03/25/26 Purchase - Principal 3137HBC69 1.00 86,717.85 166,487.24 03/25/26 03/25/26 Purchase - Principal 3136BQDE6 1.00 57.55 166,544.79 03/27/26 03/27/26 IP Fees February 2026 1.00 (3,860.06) 162,684.73 03/27/26 03/27/26 U.S. Bank Fees January 2026 1.00 (214.97) 162,469.76 03/30/26 03/30/26 Purchase - Interest 17325FBB3 1.00 21,761.25 184,231.01 03/31/26 04/01/26 Accrual Income Div Reinvestment - Distributions 1.00 488.05 184,719.06 PFM Asset Management, a division of Page 32
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending March 31, 2026

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 184,719.06
184,719.06
184,719.06
150,994.85
2,390.78

0.00 (10,036,914.44)
9,267,065.51
954,567.99
488.05
184,719.06

0.00 (6,035,217.09)
5,753,535.81
466,400.34
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
March January-March

3.80%
PFM Asset Management, a division of Page 33
U.S. Bancorp Asset Management, Inc.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: April 28, 2026
Subject: Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Annexation Proceedings for Annexation No. 29 into Community Facilities District No. 2015-2 (Maintenance Services) for Tentative Tract Map (TTM) 34249 (Canyon Hills Heights)
Recommendation
Adopt by title only and waive further reading of AN ORDINANCE AMENDING ORDINANCE NO. 2016-1359 OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE SERVICES) AUTHORIZING THE

LEVY OF SPECIAL TAXES
Discussion
At its Regular meeting on April 14, 2026, the City Council introduced by title only and waived further reading of the Ordinance.

Attachments
Attachment 1 – Ordinance
ORDINANCE NO. 2026-1532
AN ORDINANCE AMENDING ORDINANCE NO. 2016-1359 OF THE CITY

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

CAPACITY AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2015-2 OF THE CITY OF LAKE ELSINORE (MAINTENANCE

SERVICES) AUTHORIZING THE LEVY OF SPECIAL TAXES
WHEREAS, pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”), on July 28, 2015, the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) adopted Resolution No. 15-078 establishing Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California (the "CFD No. 2015-2") for the purpose of levying special taxes on parcels of taxable property therein for the purpose of providing certain services (the “Services”), which are necessary to meet increased demands placed upon the City and are described in Exhibit A attached hereto; and WHEREAS, on May 10, 2016, the City Council adopted Ordinance No. 2016-1359 entitled, “An Ordinance of the City of Council of the City of Lake Elsinore, California, acting in its capacity as the legislative body of Community Facilities District No. 2015-2 of the City of Lake Elsinore (Maintenance Services) authorizing the levy of special tax” (“Ordinance No. 2016-1359”), pursuant to which the City Council levied special taxes with the CFD No. 2015-2; and WHEREAS, on March 10, 2026, the City Council adopted Resolution No. 2026-27 entitled “A Resolution of the City Council of the City of Lake Elsinore Declaring its Intention to Annex Territory into Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, Adopting a Map of the Area to be Proposed (Annexation No. 29) and Authorizing the Levy of a Special Taxes Therein” (the “Resolution of Intention”) declaring its intention to annex certain territory to the CFD No. 2015-2 and to levy special taxes within that territory to provide the Services as described in the Resolution of Intention and setting a special public hearing on the proposed annexation for April 14, 2026; and
WHEREAS, subsequent to the adoption of the Resolution of Intention, the Rate and Method of Apportionment was revised to reduce the maximum special tax for single-family residential property from $921 to $900 per unit based on updated maintenance cost estimates, and such revised Rate and Method was presented at the public hearing and approved by the qualified electors; and
WHEREAS, notice was published as required by the Act relative to the intention of the City Council to annex certain territory to the CFD No. 2015-2, to levy special taxes therein to provide the Services, and to set the time and place of said public hearing; and WHEREAS, on April 14, 2026, at the time and place specified in said published notice, the City Council opened and held a public hearing as required by the Act relative to the annexation of territory in to the CFD No. 2015-2, the levy of the special taxes therein, and the provision of Services by the CFD No. 2015-2; and
WHEREAS, at said public hearing all persons desiring to be heard on all matters pertaining to the annexation of territory to the CFD No. 2015-2, the levy of the special taxes therein, and the provision of Services therein were heard, and a full and fair hearing was held; and
Ord. No. 2026-1532

Page 2 of 4 ends

WHEREAS, subsequent to said public hearing, the City Council adopted Resolution No. 2026-34 entitled “A Resolution of the City Council of the City of Lake Elsinore, California, Calling an Election to Submit to the Qualified Electors the Question of Levying a Special Tax Within the Area Proposed to be Annexed to Community Facilities District No. 2015-2 (Maintenance Services) (Annexation No. 29)” (the “Resolution Calling the Election”) on April 14, 2026 wherein the City Council submitted the question of levying a special tax in territory proposed to be annexed to the CFD No. 2015-2 at the rate and according to the method of apportionment described therein; and WHEREAS, at said special election on April 14, 2026, the qualified electors of the territory proposed to be annexed to the CFD No. 2015-2 approved said propositions as described in the Resolution Calling the Special Election by more than the two-thirds vote required by the Act; and WHEREAS, subsequent to said special election, the City Council adopted Resolution No. 2026-35 entitled “A Resolution of the City Council of the City of Lake Elsinore, California, Declaring the Election Results for Community Facilities District No. 2015-2 (Maintenance Services) (Annexation No. 29)” wherein the City Council determined that the territory proposed to be annexed was added to the CFD No. 2015-2 (such territory being referred to herein as “Annexation No. 29”).

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

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

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

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

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

Section 4. Future Annexations. The annexation of additional territory into the CFD No. 2015-2 was contemplated as part of the adoption of Resolution No. 15-066. The boundaries of the territory within which any property may annex to the CFD No. 2015-2 are more particularly described and shown on that certain map entitled “Boundaries – Potential Annexation Area Ord. No. 2026-1532

Page 3 of 4 ends

Community Facilities District No. 2015-2 (Maintenance Services) City of Lake Elsinore, County of Riverside, State of California,” as recorded on August 19, 2015 in Book 78 of Maps of Assessment and Community Facilities District, at Page 74, and as Document No. 2015-0369598 in the official records of the County of Riverside. Following a public hearing and the adoption of resolutions required by the Act for any additional annexations of property within said potential annexation area, Revised Exhibit B of Ordinance No. 2016-1359 shall be further amended to include any additional territory annexed to the CFD No. 2015-2. The City Council hereby authorizes and directs the officers, employees, and agents of the City to take all actions and do all things which they, or any of them, may deem necessary or desirable to accomplish the purposes of this Section 4 of this Ordinance to further include Exhibit B to Ordinance No. 2016-1359.

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

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

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

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

PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, on this 28th day of April 2026.

Robert E. Magee
Mayor
Attest:

Candice Alvarez, MMC
City Clerk
Ord. No. 2026-1532

Page 4 of 4 ends

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Ordinance No. 2026-1532 was introduced by the City Council of the City of Lake Elsinore, California, at the Regular meeting of April 14, 2026 and adopted at the Regular meeting of April 28, 2026 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

EXHIBIT A

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

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

All of the real property in CFD No. 2015-2, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

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

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

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

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

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

TABLE 1

MAXIMUM SPECIAL TAX A RATES

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

TABLE 2

MAXIMUM SPECIAL TAX A RATES

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

TABLE 3

MAXIMUM SPECIAL TAX A RATES

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

2. Special Tax B (Contingent)
(i) Maximum Special Tax B (Contingent)
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 1 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for each Tax Zones annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2015- 2016 within Tax Zone 1 is identified in Table 4 below:

TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

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

The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 5 below:

TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

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

The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 6 below:

TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

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

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

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

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

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

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

E. FUTURE ANNEXATIONS
It is anticipated that additional properties will be annexed to CFD No. 2015-2 from time to time. As each annexation is proposed, an analysis will be prepared to determine the annual cost for providing Services. Based on this analysis, the property to be annexed, pursuant to California Government Code section 53339 et seq. will be assigned to the appropriate Maximum Special Tax rate for the Tax Zone when annexed and included in Appendix A.

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

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

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

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

APPENDIX A

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

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

TAX ZONE 34
TTM 34249
Special Tax B Contingent Services – The estimate in the table below breaks down the costs of providing one year’s contingent services for Fiscal Year 2025-26. If necessary, these services will be funded by the levy of Special Tax B (Contingent) for Community Facilities District No. 2015-2 Tax Zone 34.

TAX ZONE 34 (CONTINGENT SERVICES)
TTM 34249
Item Description Estimated Cost
1 Landscaping $5,590
2 Lighting $14,684
3 Streets $34,719
4 Drainage $8,009
5 Parks $31,844
6 Graffiti $610
7 Reserves $9,727
8 Admin $14,517
Total $119,700
Item Description Estimated Cost
1 Drainage $21,740
2 Reserves $2,174
3 Admin $3,261
Total $27,175
TAX ZONE 34
FY 2025-26 MAXIMUM SPECIAL TAX RATES

DEVELOPED PROPERTY AND APPROVED PROPERTY
Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Single Family Residential Property RU $900 $204
Non-Residential Property Acre $1,502 $341
Note: The maximum special tax rate of $900 for Single Family Residential units reflects a reduction from the $921 rate initially proposed in Resolution No. 2026-27. This adjustment accounts for a refined scope of maintenance responsibilities TAX ZONE 34
FY 2025-26 MAXIMUM SPECIAL TAX RATES

UNDEVELOPED PROPERTY
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Acre $1,502 $341

TAX ZONE SUMMARY
Annexatio
n
Tax
Zon
e
Tract
APN
Fiscal
Year
Maximum
Special Tax
A
Maximum
Special Tax B Subdivider
Original 1 LLA-2014-2743 2015-16 $121 / Acre $0 / Acre Tractor Supply 1 2 36682 2016-17 $354 / RU $102 / RU Pardee Homes
2 3 PM 29996 2017-18 $951 / Acre $165 / Acre Pasadena Industrial Park, LLC
3 4 PM 36551 2017-18 $2,671 /
Acre $201 / Acre ARI Chaney Street, LLC
4 5 TR 32996 2017-18 $378 / RU $321 / RU LE Cottage Lane, LLC 5 6 365-030-001 2018-19 $1,004/ Acre $0 / Acre Lake Elsinore CCR, LLC 6 7 TR 33267 2019-20 $350 / RU $56 / RU Pardee Homes
7 8 PM 37284 2019-20 $1,953 /
Acre $0 / Acre Central Plaza
8 9 TR 37305 2019-20 $951 / RU $384 / RU Nichols Rd Partners, LLC 8 10 TR 37305; Lot
169
2019-20 $2,600 /
Acre $0 / Acre Nichols Rd Partners, LLC
9 11 TR 32129 &
30698 2020-21 $541 / RU $69 / RU
Donald S. Clurman &
Three Strands Properties, LLC
& Spectrum Communities,
LLC
10 12 TR 33370 2021-22 $294 / RU $30 / RU JLJ. LLC
11 13 PM 37534 2021-22 $1,113 /
Acre $0 / Acre SRZ Yuma, LLC
12 14 Canceled
15 Canceled
KB Home California
Management Services
13 16 LLA 2019-007 2021-22 $407 / Acre $0 / Acre Wal-Mart Real Estate Business Trust
14 17 TR 38008 2021-22 $366 / RU $123 / RU Tri Pointe Homes IE-SD, Inc. 15 18 TPM 37751 2021-22 $2,188 /
Acre
$2,540 /
Acre Boos-Up Lake Elsinore
16 19 PM 37710 2021-22 $1,034 /
Acre $0 / Acre Pennington Industrial, LLC
17 20 TR 37280 2022-23 $323 / RU $5 / RU Lake Elsinore Lakeshore, LLC and Erin Crowder
18 21 TR 38116 2022-23 $387 / RU $82 / RU Tri Pointe Homes IE-SD, Inc. 19 22 TR 38378 2023-24 $358 / RU $7 / RU Vista Emerald, LLC 20 23 TR 28214-9 2023-24 $647 / RU $19 / RU Pulte Home Co. 21 24 BLD-2023-
0026B 2023-24 $739 / Acre $288 / Acre Lake Street Properties, LP 22 25 TPM 37710 2024-25 $5,569 /
Acre $755 / Acre RA & B Development, LLC
23 26 TR 34249 2025-26 $1,027 / RU $216 / RU Tri-Pointe Homes 24 27 PM 38195 & PM
38281 2025-26 $1,594 / Acre $0 / Acre
Cambern and Central North,
LLC, & Evergreen-Cambern
and Central South Land, LLC
28 TTM 33725 2025-26 $821 / RU $221 / RU
25 29 TTM 25475 2025-26 $604 / RU $157 / RU
KB Home California
Management Services
26 30 377-100-003,
377-380-003 2025-26 $5,449 / Acre
$2,227 /
Acre
Cambern Avenue
Development Holding
Company, LLC
27 31 377-200-045 2025-26 $2,178 /
Acre $0 / Acre Parviz Oshideri
32 381-320-026 2025-26 $477 / RU $91 / RU
28 33 381-320-020 2025-26 $4,974 /
Acre
$1,529 /
Acre
Zairey, Inc., a California
Corporation
29 34 TTM 34249 2025-26 $900 / RU $204 / RU Tri-Pointe Homes IE-SD, Inc.

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

APPENDIX B

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

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2015-2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right-of-ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and
(b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right-of-way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and
(c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015-2; as well as local roads within residential subdivisions located within CFD No. 2015-2; and any portions adjacent to the properties within CFD No. 2015-2; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

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

APPENDIX C

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

PROPOSED BOUNDARIES AND POTENTIAL ANNEXATION AREA BOUNDARIES

EXHIBIT B
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) SPECIAL TAX FISCAL YEAR 2025-26
(Effective as of April 14, 2026)

ASSESSOR'S PARCEL NUMBERS
Annexation Zone Owner Assessor's Parcel Numbers
Original 1 Tractor Supply 377-120-068
1 2 Pardee Homes See Below
2 3 Pasadena Industrial Park, LLC 377-120-032, -043 thru -047, - 069, and -071
3 4 ARI Chaney Street, LLC
377-140-028 thru -030, -032 thru
-035, -038 thru -041, -044 thru -
046
4 5 LE Cottage Lane, LLC See Next Page
5 6 Lake Elsinore CCR, LLC 365-030-048
6 7 Pardee Home See Next Page
7 8 Central Plaza 377-081-002 thru -009
8 9 Nichols Rd Partners, LLC
389-200-038 (por.),
389-210-008 (por.), 389-210-
032, 389-210-034, and 389-210-
036 (por.)
8 10 Nichols Rd Partners, LLC 389-200-046, -049, and -053 9 11
Donald S. Clurman &
Three Strands Properties, LLC &
Spectrum Communities, LLC
See Next Page
10 12 JLJ, LP See Next Page
11 13 SRZ Yuma, LLC 377-081-035
12 14 SPT AREP III Tuscany Associates
349-240-006, -043, -044, -045, -
046, -047, -054, -055, -056 and
349-380-024, -025
12 15 SPT AREP III Tuscany Associates 349-240-034, -038, -072, -075 13 16 Wal-Mart Real Estate Business Trust 377-090-052, -053, -054, -055, - 056, -057
14 17 Tri Pointe Homes IE-SD, Inc. 363-940-038
15 18 Boos-Up Lake Elsinore 377-243-024
16 19 Pennington Industrial, LLC 377-160-051, -052, -053 17 20 Lake Elsinore Lakeshore, LLC and
Erin Crowder 379-230-001 and 379-230-002
18 21 Tri Pointe Homes IE-SD, Inc. 379-060-005, -022, and -027 19 22 Vista Emerald, LLC 370-050-019, -020, -032
20 23 Pulte Home Co. See Next Page
21 24 Lake Street Properties, LP 390-130-050
22 25 RA & B Development, LLC 377-220-037
23 26 Tri Pointe Homes IE-SD, Inc. 365-230-005, -006, -009, -011, and -012
24 27
Cambern and Central North, LLC, &
Evergreen-Cambern and Central South
Land, LLC
337-020-030, 377-020-031, 377-
020-032, 377-020-034, 377-020-
035
28 25 29
KB Home California Management
Services See Next Page
26 30 Cambern Avenue Development Holding
Company, LLC 377-100-003, 377-380-003
27 31 Parviz Oshideri 377-200-045
ASSESSOR'S PARCEL NUMBERS CONT.

ANNEXATION NO. 1

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

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

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
379051001 379051002 379051003 379051004 379051005 379051006 379051007 379051009 379051010 379051011 379051013 379051014 379051015 379051016 379051018 379051019 379051020 379051021 379051023 379051024 379051025 379051026 379051027 379051028 379051029 379051031 379051032 379051033 379051034 379051035 379051036 379051037 379051038 379051040 379051041 379051042 379051043 379051045 379051046 379051047 379051048 379051049 379051051 379051052 379051053 379051054 379051055 379051056 379051057 379051058 379051061 379051062 379051063 379051064 379051066 379051067 379051068 379051069 379051071 379051072 379051073 379051074 379051075 379051077 379051078 379051079 379051080 379051081 379051083 379051084 379051085 379051086 Annexation Zone Owner Assessor's Parcel Numbers
32 Zairey, Inc., a California Corporation 381-320-026 28 33 Zairey, Inc., a California Corporation 381-320-020 29 34 Tri-Pointe Homes IE-SD, Inc.
365-230-005, -006, -009, -011,
and -012
Assessor's Parcel Numbers
379051087 379051089 379051090 379051091 379051092 379052001 379052002 379052003 379052004 379052005 379052006 379052007 379052008 379052009 379052011 379052012 379052013 379052014 379052016 379052017 379052018 379052019 379052020 379052022 379052023 379052024 379052025 379052026 379052027 379052028 379052029 379052031 379052032 379052033 379052034 379052035 379052036 379052037 379052038 379052039 379052040 379052042 379052043 379052044 379052045 379052046 379052047 379052049 379052050 379052051 379052052 379052053 379052054 379052056 379052057 379052058 379052059 379052060 379052061 379052062 379052064 379052065 379052066 379052067 379052068 379052087 379052088 379052089 379052090 379052091 379052092 379052094 379052095 379052096 379052097 379052098 379053001 379053002 379053003 379053004 379053005 379053006 379053007 379053008 379053009 379053010 379053011 379053012 379053014 379053015 379053016
ANNEXATION NO. 9

ASSESSOR'S PARCEL NUMBERS
Assessor's Parcel Numbers
347110021 347580007 347580001 347580002 347580003 347580004 347580005 347580006 347581001 347581002 347581003 347581004 347581005 347581006 347581007 347581008 347582001 347582002 347582003 347582004 347582005 347582006 347582007 347582008 347582009 347580010 347582023 347582019 347582018 347582017 347582016 347582015 347582014 347582013 347582012 347582021 347560012 347560013 347560014 347560015 347560016 347560017 347560018 347560019 347560043 347560020 347560021 347560022 347560023 347560024 347560025 347560026 347560027 347560028 347560044 347560029 347560030 347560031 347560032 347560033 347560034 347560035 347560036 347560037 347560038 347560039 347560040 347560041 347560042 347560001 347560002 347560003 347560004 347560005 347560006 347560007 347560008 347560009 347560010 347560011 347570001 347570002 347570003 347570004 347570005 347570006 347570007 347570008 347570009 347570010 347570011 347570012 347570013 347570014 347561001 347561002 347561003 347561004 347561005 347561006 347561007 347561008 347561009 347561010 347561011 347561012 347561013 347561014 347561015 347561016 347561017 347561018 347570015 347570016 347570017 347570018 347570019 347570020 347570021 347570022 347571001 347571002 347571003 347571004 347571005 347571006 347571007 347571008 347571009 347571010 347571011 347571012 347571013 347571014 347571015 347571016 347571017 347571018 347571019 347571020 347571021 347571022 347571023 347571024 347571025 347571026 347571027 347571028 347571029 347562001 347562002 347562003 347562004 347562005 347562006 347562007 347562008 347562009 347562010 347562011 347562012 347562013 347562014 347562015 347562016 347562017

EXHIBIT B (cont.)
ANNEXATION NO. 10

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

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

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

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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: April 28, 2026
Subject: Second Reading of an Ordinance Authorizing the Levy of Special Taxes for Community Facilities District No. 2025-1 (Canyon Hills Heights) Recommendation
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY COUNCIL OF

THE CITY OF LAKE ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE CITY OF LAKE ELSINORE (CANYON HILLS HEIGHTS) AUTHORIZING THE LEVY OF A SPECIAL TAX WITHIN SUCH DISTRICT.

Background/Discussion
At its Regular meeting on April 14, 2026, the City Council introduced by title only and waived further reading of the Ordinance.

Attachments
Attachment 1 – Ordinance
ORDINANCE NO. 2026-1533

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

CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2025-1 OF THE CITY OF LAKE ELSINORE (CANYON HILLS HEIGHTS) AUTHORIZING THE LEVY OF A SPECIAL TAX

WITHIN SUCH DISTRICT
Whereas, on June 24, 2025, the City Council of the City of Lake Elsinore (the “City Council”) adopted Resolution No. 2025-034 stating its intention to form Community Facilities District No. 2025-1 of the City of Lake Elsinore (Canyon Hills Heights) (“Community Facilities District No. 2025-1” or the “District”) pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”); and
Whereas, on June 24, 2025, the City Council also adopted Resolution No. 2025-035 stating its intention to incur bonded indebtedness within the District in the amount not to exceed $14,000,000 to finance the facilities identified in Resolution No. 2025-034 (the “Facilities”); and the incidental expenses to be incurred in financing the Facilities and forming and administering the District (the “Incidental Expenses”); and
Whereas, a notice calling a public hearing on August 12, 2025, was published as required by law relative to the intention of the City Council to establish Community Facilities District No. 2025-1 and to incur bonded indebtedness within Community Facilities District No. 2025-1; and
Whereas, on August 12, 2025, the City Council conducted a noticed public hearing to determine whether it should proceed with the establishment of Community Facilities District No. 2025-1, issue bonds for the benefit of Community Facilities District No. 2025-1 to pay for the Facilities and Incidental Expenses, authorize the levy of special taxes to pay for the Facilities set forth in the Resolution of Formation (as defined below) and to authorize the rate and method of apportionment of the special taxes in the form attached as Attachment “C” to Resolution No. 2025- 034 (the “Rate and Method”) to be levied within Community Facilities District No. 2025-1 for the purposes described in the Resolution of Formation; and
Whereas, at the August 12, 2025, public hearing all persons desiring to be heard on all matters pertaining to the establishment of Community Facilities District No. 2025-1, the levy of the special taxes in accordance with the Rate and Method and the issuance of bonds within Community Facilities District No. 2025-1 to pay for the cost of the proposed Improvements and Incidental Expenses, and the levy of special taxes to pay for the Facilities, were heard and a full and fair hearing was held; and
Whereas, after the public hearing, on August 12, 2025, the City Council adopted Resolution Nos. 2025-60 (the “Resolution of Formation”) and 2025-61 which formed the District and called a special election on August 12, 2025, within the District on propositions relating to the levying of the special taxes, the incurring of bonded indebtedness and the establishment of an appropriations limit for the District, which were approved by more than two-thirds vote by the qualified electors on August 12, 2025; and
Whereas, pursuant to Resolution No. 2025-62, adopted on August 12, 2025, the City Council, acting as the legislative body of Community Facilities District No. 2025-1, declared the Ord. No. 2026-1533

Page 2 of 4 ends

2 results of the special election and directed the recording of a notice of special tax lien within Community Facilities District No. 2025-1; and
Whereas, the District received a petition signed by Tri Pointe Homes IE-SD, Inc., a California Corporation (the “Owner”), which owns all of the land within Community Facilities District No. 2025-1, which petition meets the requirements of Section 53332 of the Act, requesting that the District initiate proceedings to approve the new rate and method of apportionment for Community Facilities District No. 2025-1, attached to the Resolution of Intention (as defined below) as Attachment “A” (the “First Amended and Restated Rate and Method”); and Whereas, on March 10, 2026, the City Council, acting as the legislative body of Community Facilities District No. 2025-1, adopted Resolution No. 2026-26 (the “Resolution of Intention”), stating its intention to consider the approval of the First Amended and Restated Rate and Method; and
Whereas, a notice calling a public hearing on April 14, 2026, was published as required by law relative to the intention of the City Council to consider the approval of the First Amended and Restated Rate and Method; and
Whereas, on April 14, 2026, this City Council conducted a noticed public hearing to determine whether it should proceed with the approval of the First Amended and Restated Rate and Method; and
Whereas, at the April 14, 2026, public hearing, all persons desiring to be heard on all matters pertaining to the approval of the First Amended and Restated Rate and Method were heard, and a full and fair hearing was held; and
Whereas, on April 14, 2026, following the close of the public hearing, the City Council adopted Resolution No. 2026-36 (the “Change Resolution”), which called a special election on April 14, 2026 within Community Facilities District No. 2025-1 on the approval of the First Amended and Restated Rate and Method; and
Whereas, on April 14, 2026, a special election was held within Community Facilities District No. 2025-1 at which the qualified electors approved by more than a two-thirds vote, Proposition A, approving the First Amended and Restated Rate and Method for Community Facilities District No. 2025-1; and

NOW, THEREFORE, THE CITY COUNCIL, ACTING AS THE LEGISLATIVE BODY OF THE CITY OF LAKE ELSINORE COMMUNITY FACILITIES DISTRICT NO. 2025-1 (CANYON HILLS HEIGHTS), ORDAINS AS FOLLOWS:

Section 1: The above recitals are all true and correct.

Section 2: By the passage of this Ordinance, the City Council authorizes the levy of special taxes within Community Facilities District No. 2025-1 at the maximum rates and in accordance with the First Amended and Restated Rate and Method.

Section 3: The City Council is hereby further authorized to determine in each subsequent fiscal year, by ordinance, or by resolution if permitted by then applicable law, on or before August 10 of each year, or such later date as is permitted by law, the specific special tax rates and amounts to be levied on each parcel of land in the District pursuant to the First Amended and Restated Rate and Method. The special tax rates to be levied pursuant to the First Amended Ord. No. 2026-1533

Page 3 of 4 ends

3 and Restated Rate and Method shall not exceed the applicable maximum rates set forth therein, but the special taxes may be levied at lower rates.

Section 4: Properties or entities of the state, federal or other local governments shall be exempt from the special taxes, except as otherwise provided in Sections 53317.3 and 53317.5 of the Act and the First Amended and Restated Rate and Method. No other properties or entities are exempt from the special taxes unless the properties or entities are expressly exempted in the Resolution of Formation and the Change Resolution, or in a resolution of consideration to levy a new special tax or special taxes or to alter the rate or method of apportionment of an existing special tax as provided in Section 53334 of the Act.

Section 5: All of the collections of the special taxes pursuant to the First Amended and Restated Rate and Method shall be used as provided for in the Act, the Resolution of Formation, and the Change Resolution. The special taxes shall be levied within the District only so long as needed for the purposes described in the Resolution of Formation and in the Change Resolution.

Section 6: The special taxes levied pursuant to the First Amended and Restated Rate and Method shall be collected in the same manner as ordinary ad valorem property taxes are collected and shall be subject to the same penalties and the same procedure, sale and lien priority in case of delinquency as is provided for ad valorem taxes (which such procedures include the exercise of all rights and remedies permitted by law to make corrections, including, but not limited to, the issuance of amended or supplemental tax bills), as such procedure may be modified by law or by this Council from time to time.

Section 7: As a cumulative remedy, if any amount levied as a special tax for payment of the interest or principal of any bonded indebtedness of the District, together with any penalties and other charges accruing under this Ordinance, are not paid when due, the City Council may, not later than four years after the due date of the last installment of principal on the Bonds, order that the same be collected by an action brought in the superior court to foreclose the lien of such special tax.

Section 8: The Mayor shall sign this Ordinance, and the City Clerk shall attest to the Mayor’s signature and then cause the same to be published within fifteen (15) days after its passage at least once in a newspaper of general circulation published and circulated in the City of Lake Elsinore.

Section 9: This Ordinance relating to the levy of the special taxes within the District shall take effect 30 days following its final passage, and the specific authorization for adoption is pursuant to the provisions of Section 53340 of the Act. Upon effectiveness, this Ordinance shall supersede Ordinance No. 2025-1515 previously approved by the City with respect to the levy of special taxes of the District.

Section 10: The City Clerk is hereby authorized to transmit a certified copy of this ordinance to the Riverside County Assessor and Treasurer-Tax Collector, and to perform all other acts which are required by the Act, this Ordinance, or by law in order to accomplish the purpose of this Ordinance.

Section 11: Certification. The City Clerk shall certify to the passage of this Ordinance and shall cause a synopsis of the same to be published according to law.

Ord. No. 2026-1533

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4 PASSED, APPROVED, AND ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, on this 28th day of April 2026.

Robert E. Magee
Mayor
Attest:

Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Ordinance No. 2026-1533 was introduced by the City Council of the City of Lake Elsinore, California, at the Regular meeting of April 14, 2026 and adopted at the Regular meeting of April 28, 2026 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

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: April 28, 2026
Subject: Annexation No. 30 Into Community Facilities District No. 2015-2 (Maintenance Services) for Tract Map 37703 (In-N-Out)
Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,

CALIFORNIA, DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 30) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN.

Background
On September 22, 2015, the City Council approved Resolution No. 2015-078 establishing Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore (the "CFD No. 2015-2" or "District") for the purpose of levying special taxes on parcels of taxable property to provide certain services which are necessary to meet increased demands placed upon the City.

In-N-Out Burgers, a California corporation, (the “Owner”) owns 1.68 gross acres of a vacant lot within the City. The Owner has requested that the City assist them in annexing territory into CFD No. 2015-2 (Maintenance Services) to cover the costs associated with the maintenance of public improvements. The improvements proposed to be maintained include items such as landscaping, lighting, and street maintenance.

Discussion
The landowner has advised the City that the area described in Exhibit “A” of the Resolution of Intention to be annexed into CFD No. 2015-2 and that a Rate and Method of Apportionment of the special taxes to be levied as described in Exhibit “C”.

CFD No. 2015-2 Annexation No. 30

Page 2 of 2 ends

The original area proposed within Annexation No. 30 will encompass a drive-thru In-N-Out Burger restaurant. The territory proposed to be annexed into CFD No. 2015-2 will be included in Tax Zone 35. The proposed total maximum tax rate for Tax Zone 35 is $1,776 per acre per year for Special Tax A. The maximum annual tax rates are proposed to escalate each year at the greater of Consumer Price Index (CPI) or 2%. See attachment 3 for a maintenance exhibit illustrating which services are being maintained by the CFD.

The Owner has agreed to the annexation into the CFD and submitted a "Consent and Waiver" form on file in the City Clerk's Office, to initiate and conduct proceedings pursuant to the MelloRoos Act of 1982, requesting the annexation of property to CFD No. 2015-2 (Maintenance Services) and consenting to the shortening of election time requirements, waiving analysis and arguments, and waiving all notice requirements relating to the conduct of the election.

The next step to annex the property to CFD No. 2015-2 is to publish a notification of the proposed district along with the "Resolution of Intention" and Boundary Map of the proposed Annexation area. A public hearing on the matter will take place on June 9, 2026, and at that time the Council will formally consider approval of Annexation No. 30.

Fiscal Impact
On March 1 of each year, every taxable property for which a building permit has been issued will be subject to the special taxes in the ensuing Fiscal Year. If the anticipated costs of maintaining the facilities in any given Fiscal Year, prior to buildout of the project, exceeds the special tax revenues available from parcels for which building permits have been issued, then the special tax may also be on undeveloped property within the Tax Zone.

Once developed, Tax Zone 35 will generate $2,686 for maintenance services.

Attachments
Attachment 1 – Project Map
Attachment 2 – Resolution of Intention
Exhibits A-G
Attachment 3 – CFD Maintenance Responsibility Map
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COMMUNITY FACILITIES DISTRICT NO. 2015-2
ANNEXATION NO. 30

PROJECT MAP
RESOLUTION NO. 2026-____

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

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

OF THE CITY OF LAKE ELSINORE, ADOPTING A MAP OF THE AREA TO BE PROPOSED (ANNEXATION NO. 30) AND AUTHORIZING THE LEVY OF A

SPECIAL TAXES THEREIN
Whereas, on September 22, 2015, the City Council (the “City Council”) of the City of Lake Elsinore (the “City”) approved Resolution No. 2015-078 establishing Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California, defined the "CFD No. 2015-2", for the purpose of levying special taxes on parcels of taxable property therein for the purpose of providing certain services which are necessary to meet increased demands placed upon the City; and
Whereas, the City Council has received a written instrument from the landowner in the CFD No. 2015-2 to initiate and conduct proceedings pursuant to the Act, to annex territory to CFD No. 2015-2 and consenting to the shortening of election time requirements, waiving analysis and arguments, and waiving all notice requirements relating to the conduct of the election; and Whereas, the City Council has been advised that certain property owners have requested that the area shown in Exhibit D be annexed territory to the boundaries of CFD No. 2015-2, that a rate and method of apportionment of the special tax to be levied therein be established;

NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, ACTING EX OFFICIO AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT 2015-2 (MAINTENANCE SERVICES) OF THE CITY OF LAKE ELSINORE, DETERMINE AND ORDER AS FOLLOWS:

Section 1. Intent to Annex. The City Council hereby declares that it proposes and intends to conduct proceedings pursuant to Article 3.5 for the annexation to the Community Facilities District of the territory described in Exhibit A attached hereto. The City Council determines that the public convenience and necessity require that such territory be annexed to the Community Facilities District.

Section 2. Name of the Community Facilities District. The name of the existing community facilities district is known as “Community Facilities District No. 2015-2 (Maintenance Services)”.

Section 3. Description of Territory Proposed to be Annexed, Annexation Map. The territory proposed to be annexed are included within the boundaries within which property may annex to CFD No. 2015-2 and are more particularly described and shown on that certain map entitled “Boundaries – Potential Annexation Area Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, County of Riverside, State of California,” as recorded on August 19, 2015 in Book 78 of Maps of Assessment and Community Facilities District,

Page 74 ends

The territory proposed to be annexed to the CFD No. 2015-2 is described in Exhibit A attached hereto and by this reference made a part hereof. Such territory is also shown and described on CC Res. No. 2026-_____

Page 2 of 3 ends

the map thereof entitled "Annexation Map No. 30, Community Facilities District No. 2015-2 (Maintenance Services), City of Lake Elsinore, County of Riverside, State of California," which is on file with the City Clerk (the "Annexation Map") and attached hereto as Exhibit D.

Section 4. Description of Authorized Services. The services proposed to be financed by CFD No. 2015-2 (the “Services”) are described in Exhibit B attached hereto. The cost of providing the Services includes “incidental expenses,” which include costs associated of CFD No. 2015-2, determination of the amount of special taxes, collection or payment of special taxes, or costs otherwise incurred in order to carry out the authorized purposes of CFD No. 2015-2. The Services authorized to be financed by CFD No. 2015-2 are in addition to those currently provided in the territory of CFD No. 2015-2 and do not supplant services already available within that territory.

Section 5. Levy of Special Taxes. Except where funds are otherwise available, a special tax sufficient to pay the costs of the Services (including incidental expenses), secured by recordation of a continuing lien against all nonexempt real property in CFD No. 2015-2, will be levied annually within CFD No. 2015-2. The Rate and Method of Apportionment, and manner of collection of the special tax are specified in Exhibit C.

Section 6. Adoption of Annexation Map. Pursuant to Section 3110.5 of the Streets and Highways Code, the City Council adopts the Annexation Map as the map of the area proposed to be annexed to the CFD No. 2015-2. Pursuant to Section 3111 of said Code, the City Clerk shall file the original of the Annexation map in his office and shall file a copy of the Annexation Map with the County Recorder of the County of Riverside no later than 15 days prior to the date of the hearing specified in Section 7 hereof.

Section 7. Public Hearing. The City Council hereby fixes 7:00 p.m., or as soon thereafter as practicable, on Tuesday, June 9, 2026, in the City Council Chambers located at 183 N Main St., Lake Elsinore, California 92530, as the time and place when and where the City Council will conduct a public hearing on the proposed annexation of the said territory to the CFD No. 2015-

2. Section 8. Notice of Public Hearing. The City Clerk is hereby directed to publish, or cause to be published, a notice of said public hearing, in substantially the form attached hereto as Exhibit F, one time in a newspaper of general circulation published in the area of CFD No. 2015-2.

The publication of said notice shall be completed at least seven days prior to the date herein fixed for said hearing. Said notice shall contain the information prescribed by Section 53322 of the Act.

Section 9. Mailing Ballots. In anticipation of its action on Tuesday, June 9, 2026 to call the election on the annexation for the same date, pursuant to waiver of election time limits from the landowners, the City Council hereby authorizes the City Clerk to mail to each landowner in the territory proposed to be annexed to the CFD No. 2015-2 a ballot, the full text of which shall be as set forth in Exhibit G hereto, and shall be included in the ballot pamphlet mailed to each qualified elector. A copy of the waiver and consent form signed by the property owner is attached hereto as Exhibit E and incorporated herein by this reference.

Section 10. Effective Date. This Resolution shall take effect immediately upon it’s adoption.

Section 11. This City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

CC Res. No. 2026-_____

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Passed A nd Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this 28th day of April 2026.
_____________________________
Robert Magee
Mayor
Attest:
_____________________________
Candice Alvarez, MMC
City Clerk

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that Resolution No. 2026-___ was adopted by the City Council of the City of Lake Elsinore, California, at the Regular meeting of April 28th, 2026, and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
_____________________________
Candice Alvarez, MMC
City Clerk

EXHIBIT A

DESCRIPTION OF PROPOSED TERRITORY TO BE ANNEXED
The City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services) (the “CFD No. 2015- 2”) Annexation No. 30 is currently comprised of two (2) parcels, located within the city boundaries. The property is identified by the following Riverside County Assessor's Parcel Number (APN).

TAX ZONE 35
APN Owners Name
377-030-092 In-N-Out Burgers, a California
corporation
377-031-014 In-N-Out Burgers, a California
corporation

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

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2015‐2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right‐of‐ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights and traffic signals; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways,streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and (b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right‐of‐way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and
(c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015‐2; as well as local roads within residential subdivisions located within CFD No. 2015‐2; and any portions adjacent to the properties within CFD No. 2015‐2; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

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

EXHIBIT B

EXHIBIT C

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

All of the real property in CFD No. 2015-2, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

City of Lake Elsinore 2
Community Facilities District No. 2015-2 (Maintenance Services) “Building Square Footage” or “BSF” means the floor area square footage reflected on the original construction building permit issued for construction of a building of Non-Residential Property and any Building Square Footage subsequently added to a building of such Taxable Property after issuance of a building permit for expansion or renovation of such building. “Calendar Year” means the period commencing January 1 of any year and ending the following December 31.
“CFD” or “CFD No. 2015-2” means the City of Lake Elsinore Community Facilities District No. 2015-2 (Maintenance Services).
“City” has the meaning set forth in the preamble.
“Contingent Special Tax B Requirement” means that amount required in any Fiscal Year, if the POA is unable to maintain the Service(s) to: (i) pay the costs of Services incurred or otherwise payable in the Calendar Year commencing in such Fiscal Year; (ii) fund an operating reserve for the costs of Services as determined by the Administrator; less a credit for funds available to reduce the annual Special Tax B (Contingent) levy as determined by the Administrator. “County” means the County of Riverside.
“Developed Property” means all Assessor’s Parcels of Taxable Property for which a building permit for new construction has been issued on or prior to March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section G.
“Final Map” means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to California Civil Code 1352 that creates individual lots for which building permits may be issued without further subdivision. “Fiscal Year” means the period from and including July 1st of any year to and including the following June 30th.
“Land Use Category” or “LUC” means any of the categories contained in Section B hereof to which an Assessor’s Parcel is assigned consistent with the land use approvals that have been received or proposed for the Assessor’s Parcel as of March 1 preceding the Fiscal Year in which the Special Tax is being levied.
“Maximum Special Tax” means either Maximum Special Tax A and/or Maximum Special Tax B (Contingent), as applicable.
“Maximum Special Tax A” means the Maximum Special Tax A, as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.

City of Lake Elsinore 3
Community Facilities District No. 2015-2 (Maintenance Services) “Maximum Special Tax B (Contingent)” means the Maximum Special Tax B (Contingent), as determined in accordance with Section C below that can be levied in any Fiscal Year on any Assessor's Parcel of Taxable Property within CFD No. 2015-2.
“Multi-Family Residential Property” means any Assessor’s Parcel of residential property that consists of a building or buildings comprised of attached Residential Units sharing at least one common wall with another unit.
“Non-Residential Property” or “NR” means all Assessor's Parcels of Taxable Property for which a building permit(s) was issued for a non-residential use. The Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property. “Property Owner’s Association” or “POA” means the property owner’s association or homeowner’s association established to maintain certain landscaping within a Tax Zone. “Proportionately” means for Taxable Property that is: (i) Developed Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Developed Property with the same Tax Zone, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Approved Property with the same Tax Zone, and (iii) Undeveloped Property that the ratio of the actual Special Tax levy per acre to the Maximum Special Tax per acre is the same for all Parcels of Undeveloped Property with the same Tax Zone. “Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator. “Residential Property” means all Assessor’s Parcels of Taxable Property upon which completed Residential Units have been constructed or for which building permits have been or may be issued for purposes of constructing one or more Residential Units. “Service(s)” means services permitted under the Mello-Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2015-2 as set forth in the documents adopted by the City Council at the time the CFD was formed. “Single Family Residential Property” means any residential property other than Multi-Family Residential Property on an Assessor’s Parcel.
“Special Tax(es)” means the Special Tax A and/or Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property.
“Special Tax A” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax A Requirement. "Special Tax A Requirement" means for each Tax Zone, that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs for such Tax Zone of CFD No. 2015-2 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for maintenance services including but not limited to (i) maintenance and lighting of parks, parkways, streets, roads and open space, (ii) maintenance and operation of water quality improvements, (iii) public street sweeping, (iv) fund an operating reserve for the costs of Services as determined by the Administrator, and (v) Administrative Expenses. Under no circumstances shall the Special Tax A Requirement include funds for Bonds.

City of Lake Elsinore 4
Community Facilities District No. 2015-2 (Maintenance Services) “Special Tax B (Contingent)” means the Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Contingent Special Tax B Requirement, if required.
"Taxable Property" means all Assessor’s Parcels within CFD No. 2015-2, which are not Exempt Property.
“Taxable Unit” means a Residential Unit, Building Square Footage, or an Acre. "Tax Zone" means a mutually exclusive geographic area, within which particular Special Tax rates may be levied pursuant to this Rate and Method of Apportionment of Special Tax. Appendix C identifies the Tax Zone in CFD No. 2015-2 at formation; additional Tax Zones may be created when property is annexed into the CFD.
"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as Tax Zone 1. "Tract(s)" means an area of land within a subdivision identified by a particular tract number on a Final Map approved for the subdivision.
“Undeveloped Property” means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Approved Property.

For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Non-Residential Property, all such Assessor’s City of Lake Elsinore 5
Community Facilities District No. 2015-2 (Maintenance Services) Parcels shall be assigned the number of Building Square Footage or Acres as shown on the Final Map as determined by the Administrator. Once the Administrator determines the actual number of Building Square Footage or Acres for the Assessor’s Parcels, the Special Tax A levied against the Assessor’s Parcel in the next Fiscal Year shall be calculated by multiplying the number of Building Square Footage or Acres by the Maximum Special Tax per Taxable Unit identified for the Tax Zone below or as included in Appendix A as each Annexation occurs.

TABLE 1

MAXIMUM SPECIAL TAX A RATES

City of Lake Elsinore 6
Community Facilities District No. 2015-2 (Maintenance Services) TABLE 2

MAXIMUM SPECIAL TAX A RATES

TABLE 3

MAXIMUM SPECIAL TAX A RATES

TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

DEVELOPED PROPERTY
Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum Special
Tax B (Contingent)
1 LLA-2014-2743 Non-Residential Property Acre $0
City of Lake Elsinore 7
Community Facilities District No. 2015-2 (Maintenance Services) (ii) Increase in the Maximum Special Tax B (Contingent) On each July 1, commencing on July 1, 2016 the Maximum Special Tax B (Contingent) for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater. (iii) Multiple Land Use Categories
In some instances an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax B (Contingent) that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax B (Contingent) that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acreage designated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final. b. Approved Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 5 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2015-2, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A.

The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 5 below:

TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

The Maximum Special Tax B (Contingent) for Fiscal Year 2015-2016 within the Tax Zone is identified in Table 6 below:

City of Lake Elsinore 8
Community Facilities District No. 2015-2 (Maintenance Services) TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

First: The Special Tax shall be levied Proportionately on all Assessor’s Parcels of Developed Property for a Tax Zone up to 100% of the applicable Maximum Special Tax B (Contingent) to satisfy the Contingent Special Tax B Requirement;
Second: If additional moneys are needed to satisfy the Contingent Special Tax B Requirement after the first step has been completed, the Special Tax B (Contingent) shall be levied Proportionately on each Parcel of Approved Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Approved Property;
City of Lake Elsinore 9
Community Facilities District No. 2015-2 (Maintenance Services) Third: If additional monies are needed to satisfy the Contingent Special Tax B Requirement after the first two steps has been completed, the Special Tax B (Contingent) shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property within such Tax Zone up to 100% of the Maximum Special Tax B (Contingent) for Undeveloped Property.

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

City of Lake Elsinore 10
Community Facilities District No. 2015-2 (Maintenance Services)

APPENDIX A

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

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

TAX ZONE 35
TR 37703
Special Tax B Contingent Services – There are no anticipated costs for Special Tax B for Tax Zone 35.

TAX ZONE 35
FY 2025-26 MAXIMUM SPECIAL TAX RATES

DEVELOPED PROPERTY AND APPROVED PROPERTY
Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Non-Residential Property Acre $1,776 $0
TAX ZONE 35
FY 2025-26 MAXIMUM SPECIAL TAX RATES

UNDEVELOPED PROPERTY
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Acre $1,776 $0
Item Description Estimated Cost
1 Lighting $246
2 Streets $1,089
3 Reserves $201
4 Admin $1,150
Total $2,686
City of Lake Elsinore 11
Community Facilities District No. 2015-2 (Maintenance Services)

TAX ZONE SUMMARY
Annexation
Tax
Zone
Tract
APN
Fiscal
Year
Maximum
Special Tax A
Maximum
Special Tax B Subdivider
Original 1 LLA-2014-2743 2015-16 $121 / Acre $0 / Acre Tractor Supply 1 2 36682 2016-17 $354 / RU $102 / RU Pardee Homes
2 3 PM 29996 2017-18 $951 / Acre $165 / Acre Pasadena Industrial Park, LLC 3 4 PM 36551 2017-18 $2,671 / Acre $201 / Acre ARI Chaney Street, LLC 4 5 TR 32996 2017-18 $378 / RU $321 / RU LE Cottage Lane, LLC 5 6 365-030-001 2018-19 $1,004/ Acre $0 / Acre Lake Elsinore CCR, LLC 6 7 TR 33267 2019-20 $350 / RU $56 / RU Pardee Homes
7 8 PM 37284 2019-20 $1,953 / Acre $0 / Acre Central Plaza 8 9 TR 37305 2019-20 $951 / RU $384 / RU Nichols Rd Partners, LLC 8 10 TR 37305; Lot 169 2019-20 $2,600 / Acre $0 / Acre Nichols Rd Partners, LLC 9 11 TR 32129 & 30698 2020-21 $541 / RU $69 / RU
Donald S. Clurman &
Three Strands Properties, LLC &
Spectrum Communities, LLC
10 12 TR 33370 2021-22 $294 / RU $30 / RU JLJ. LLC
11 13 PM 37534 2021-22 $1,113 / Acre $0 / Acre SRZ Yuma, LLC 12 14 Canceled
12 15 Canceled
13 16 LLA 2019-007 2021-22 $407 / Acre $0 / Acre Wal-Mart Real Estate Business Trust
14 17 TR 38008 2021-22 $366 / RU $123 / RU Tri Pointe Homes IE-SD, Inc. 15 18 TPM 37751 2021-22 $2,188 / Acre $2,540 / Acre Boos-Up Lake Elsinore 16 19 PM 37710 2021-22 $1,034 / Acre $0 / Acre Pennington Industrial, LLC 17 20 TR 37280 2022-23 $323 / RU $5 / RU Lake Elsinore Lakeshore, LLC and Erin Crowder
18 21 TR 38116 2022-23 $387 / RU $82 / RU Tri Pointe Homes IE-SD, Inc. 19 22 TR 38378 2023-24 $358 / RU $7 / RU Vista Emerald, LLC 20 23 TR 28214-9 2023-24 $647 / RU $19 / RU Pulte Home Co. 21 24 BLD-2023-0026B 2023-24 $739 / Acre $288 / Acre Lake Street Properties, LP 22 25 TPM 37710 2024-25 $5,569 / Acre $755 / Acre RA & B Development, LLC 23 26 Canceled
24 27 PM 38195 & PM
38281 2025-26 $1,594 / Acre $0 / Acre
Cambern and Central North, LLC,
& Evergreen-Cambern and
Central South Land, LLC
25 28 TTM 33725 2025-26 $821 / RU $221 / RU KB Home California 29 TTM 25475 2025-26 $604 / RU $157 / RU Management Services 26 30 377-100-003,
377-380-003 2025-26 $5,449 / Acre $2,227 / Acre Cambern Avenue Development Holding Company, LLC 27 31 377-200-045 2025-26 $2,178 / Acre $0 / Acre Parvis Oshideri 28 32 381-320-026 2025-26 $477 / RU $91 / RU Zairey, Inc., a California 33 381-320-020 2025-26 $4,974 / Acre $1,529 / Acre Corporation 29 34 TTM 34249 2025-26 $921 / RU $209 / RU Tri-Pointe Homes IE-SD, Inc. 30 35 TR 37703 2025-26 $1,776 / Acre $0 / Acre In-N-Out Burgers, a California corporation
City of Lake Elsinore 12
Community Facilities District No. 2015-2 (Maintenance Services) Annexation
Tax
Zone
Tract
APN
Fiscal
Year
Maximum
Special Tax A
Maximum
Special Tax B Subdivider
31 36 To Be Determined
32 37 PA No. 2023-06 2025-26 $311 / RU $197 / RU RSI Development Lake Elsinore, LLC

City of Lake Elsinore 13
Community Facilities District No. 2015-2 (Maintenance Services)

APPENDIX B

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

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2015-2, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right-of-ways, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights and traffic signals; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and (b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right-of-way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance, servicing; or both of the water quality basin improvements within flood control channel improvements; and
(c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2015-2; as well as local roads within residential subdivisions located within CFD No. 2015-2; and any portions adjacent to the properties within CFD No. 2015-2; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

EXHIBIT D

ANNEXATION AND POTENTIAL ANNEXATION BOUNDARY MAPS
377-030-092
377-031-014 DEXTER
AVE

ALLAN ST

THIRD ST

CRANE ST
74}þ|·
15§¨¦
ANNEXATION MAP NO. 30
COMMUNITY FACILITIES DISTRICT NO. 2015-2
(MAINTENANCE SERVICES)

CITY OF LAKE ELSINORE,

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA
SHEET 1 OF 1 SHEET THIS MAP SHOWS THE BOUNDARIES OF AREAS TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2015-2(MAINTENANCE SERVICES), OF THE CITY OF LAKE ELSINORE, COUNTYOF RIVERSIDE, STATE OF CALIFORNIA. THE BOUNDARIES OF WHICH COMMUNITY FACILITIESDISTRICT ARE SHOWN AND DESCRIBED ON THE MAPTHEREOF WHICH WAS PREVIOUSLY RECORDED ONAUGUST 13, 2015 IN BOOK 78 OF MAPS OF ASSESSMENTAND COMMUNITY FACILITIES DISTRICT AT PAGE 73 ANDAS INSTRUMENT NO. 2015-0361493 IN THE OFFICE OF THECOUNTY RECORDER OF THE COUNTY OF RIVERSIDE,STATE OF CALIFORNIA. I HEREBY CERTIFY THAT THE WITHIN MAP SHOWING PROPOSEDBOUNDARIES TO BE ANNEXED TO COMMUNITY FACILITIES DISTRICTNO. 2015-2 (MAINTENANCE SERVICES), CITY OF LAKE ELSINORE,COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, WAS APPROVEDBY THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE AT A REGULARMEETING THEREOF, HELD ON ______ DAY OF ______, 20____, BY RESOLUTION NO. _______________ ___________________________________CITY CLERK CITY OF LAKE ELSINORE FILED IN THE OFFICE OF THE CITY CLERK, CITY OF LAKEELSINORE THIS ______ DAY OF ______, 20___.___________________________________CITY CLERK CITY OF LAKE ELSINORE RECORDED THIS ____ DAY OF _______________, 20____ ATTHE HOUR OF ____ O'CLOCK __M IN BOOK _____PAGE _____ OF MAPS OF ASSESSMENT AND COMMUNITYFACILITIES DISTRICTS IN THE OFFICE OF THE COUNTYRECORDER, IN THE COUNTY OF RIVERSIDE, STATE OFCALIFORNIA. FEE: _____________ NO.: ______________________ PETER ALDANA, ASSESSOR, COUNTY CLERK, RECORDERBY: _______________________________ DEPUTY - THIS ANNEXATION MAP CORRECTLY SHOWS THE LOT OR PARCEL OF LAND INCLUDED WITHIN THE BOUNDARIES OF THE COMMUNITY FACILITIES DISTRICT. FOR DETAILS CONCERNING THE LINES AND DIMENSIONS OF LOTS OR PARCEL REFER TO THE COUNTY ASSESSOR MAPS FOR FISCAL YEAR 2025-26. ^_
CFD 2015-2
TAX ZONE 35
74}|·þ
74}|·þ
15 §¨¦
215 §¨¦

LAKE ELSINORE
XXX-XXX-XXX ASSESSOR PARCEL NUMBER 35 TAX ZONE
LEGEND

PARCEL LINEANNEXATION AREA BOUNDARYCITY BOUNDARY
35 PETITION TO THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE REQUESTING ANNEXING TERRITORY INTO COMMUNITY
FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) OF PROPERTY

WITHIN THE CITY OF LAKE ELSINORE AND A WAIVER WITH

RESPECTS TO CERTAIN PROCEDURAL MATTERS UNDER THE
MELLO-ROOS COMMUNITY FACILITIES ACT OF 1982 AND

CONSENTING TO THE LEVY OF SPECIAL TAXES THEREON TO PAY

THE COSTS OF SERVICES TO BE PROVIDED BY THE COMMUNITY

FACILITIES DISTRICT

1. The undersigned requests that the City Council of the City of Lake Elsinore (the “City”), initiate and conduct proceedings pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”) (Government Code Section 53311 et seq.), to annex territory into Community Facilities District No. 2015-2 (Maintenance Services) (the “District”) of the property described below and consents to the annual levy of special taxes on such property to pay the costs of services to be provided by the Community Facilities District.

2. The undersigned requests that the community facilities district provide any services that are permitted under the Act including, but not limited to, all necessary service, operations, administration and maintenance required to keep the landscape lighting, street lighting, flood control facilities, ground cover, shrubs, plants and trees, irrigation systems, graffiti removal, sidewalks and masonry walls, fencing entry monuments, tot lot equipment and associated appurtenant facilities within the district in a healthy, vigorous and satisfactory working condition.

3. The undersigned hereby certifies that as of the date indicated opposite its signature, it is the owner of all the property within the proposed boundaries of the Community Facilities District described in Exhibit A hereto and as shown on the map Exhibit B hereto.

4. The undersigned requests that a special election be held under the Act to authorize the special taxes for the proposed annexation into Community Facilities District No. 2015-2 The undersigned waives any requirement for the mailing of the ballot for the special election and expressly agrees that said election may be conducted by mailed or hand-delivered ballot to be returned as quickly as possible to the designated election official, being the office of the City Clerk and the undersigned request that the results of said election be canvassed and reported to the City Council at the same meeting of the City Council as the public hearing on annexing territory into Community Facilities District No. 2015-2 or at the next available meeting.

5. Pursuant to Sections 53326(a) and 53327(b) of the Act, the undersigned expressly waives all applicable waiting periods for the election and waives the requirement for analysis and arguments relating to the special election, and consents to not having such materials provided to the landowner in the ballot packet, and expressly waives any requirements as to the form of the ballot. The undersigned expressly waives all notice requirements relating to hearings and special elections (except for published notices required by the Act), and whether such requirements are found in the California Elections Code, the California Government Code or other laws or procedures, including but not limited to any notice provided for by compliance with the provisions of Section 4101 of the California Elections Code. The undersigned expressly waives the word limit requirement for the ballots pursuant to Sections 13247 and 9051 of the Elections Code.

6. The undersigned hereby acknowledges and agrees that the measure submitted in connection with the special election referred to herein, as set forth in the ballot provided to the undersigned, asked voters whether or not the District should be authorized to levy a special tax in order to finance services (the

Acknowledgment Regarding Property to be Included into Community Facilities District No. 2015-2 (Maintenance Services)
The developer/property owner of (Tract No. / Assessor’s Parcel No.) ______________________ hereby acknowledges that:

If the landscaping, drainage, lighting and eligible public improvements within the Community Facilities District No. 2015-2 (Maintenance Services) the maintenance areas of (Assessor’s Parcel Nos.) __________________________, which is to be included in the Community Facilities District No. 2015-2 (Maintenance Services) of the City of Lake Elsinore, are completed prior to the levy and collection of special taxes upon property within said tract for the maintenance of such landscape and improvements, the developer/property owner will continue to be responsible for and will maintain the landscaping, drainage, lighting, and eligible public improvements within such maintenance areas at its sole expense, and the City will not assume responsibility for the maintenance of such landscaping, drainage, lighting and eligible public improvements until such time as the City is able to collect such special taxes to pay the costs of the maintenance of such landscaping, drainage, lighting, and eligible public improvements.

DATED: OWNER(S):
___________________ _________________________________
(Print Name)
_________________________________
(Signature)
_________________________________
(Title)
_________________________________
(Print Name)
_________________________________
(Signature)
_________________________________
(Title)
In-N-Out Burgers, a California corporation Senior Development Manager 4/7/26 377-030-092 and 377-030-014 377-030-092 and 377-030-014 660
PAR 2

1.37 AC NT

33. 542
PM 152/64
PAR 1

1.09 AC ML

14. 222
' 5 ' 01
PAR 1

36.94 33 9. 7
LOT A ' 01
' 55
31 4. 2 8
290.70
279.70
PAR 2
311 37. PM 158/86 28 6. 5
294.02

51. 58
11'
C
T
OL
8'
B
T
OL

53. 421
39' 34'
50 E
VA '
DEX
ET
R
231912 7/89 ' 82
40'
D
T
OL 688231 97/ 6
F.T.
62 001001
62 05. 29 08

05. 29 08
62 ' 03
98/ 7 319132
E
VA
R
E
T
X
E
D

31. 26
=R 62 8

1.15 AC M/L

T S R Q P
30 1. 6
PM 158/86
F.T.
161.96
LOT A 181.36

62. 752
' 02
217485 10/78
O
F.T.
' 5
205.66
BLK. 17
LOT 2
31' 31'
0278338 7/2016 21
76 CENTRAL AVE.

3.05'
F.T.

R 3= 03 =L 22 . 0 31 182.68

N M L K
F.T.

PM 152/64
LOT 1
N 43-11-00 E
' 03
' 03
185.72

25.72 28. 742
160.15 302.91 33 4. 4

47. 47

1.23 AC

1.53 AC ML

41. 29
( ALLAN ST VACATED )
' 03
185.66
' 03

55. 223 W71- 15- 64 N
N 43-10-54 E 463.06
( CRANE ST VACATED )

73. 012
0 T3
(
0 92
1 (4
1 (2
0 (1
7 (1
0 (2
7 (3
7 (5
0 T31
0 T30
377-03
ASSESSOR'S MAP BK.377 PG.03
Riverside County, Calif. Feb 2025 JHernandez
E 1/2 OF SEC. 31, T.5S., R.4W.

CITY OF LAKE ELSINORE
T.R.A. 005-023
18-21
Pg 04
Pg 08
Pg 09
Pg 07
Pg 03
THIS MAP WAS PREPARED FOR ASSESSMENT PURPOSES ONLY. NO LIABILITY IS ASSUMED FOR THE ACCURACY OF THE DATA SHOWN. ASSESSOR'S PARCEL MAY NOT COMPLY WITH LOCAL LOT-SPLIT OR BUILDING SITE ORDINANCES.

Legend
Lot Lines
Right-Of-Way
Old Lot Lines
Reference R.O.W
Other Easements
Lease Area
Subdivision Tic Mark
©
1 " = 100 '
Map Reference *
MB 14/9 FAMLEETRACT
PM 152/64 - 65 PARCEL MAPNO. 22930
PM 158/86 - 87 PARCEL MAPNO. 24099
Data *
MB 5/105
Date * Old Number * New Number *
4/1/1977 6 30,ST
5/1/1977 2 31,ST
6/1/1977 1 32,ST
7/1/1977 24 33,34
7/1/1977 33 35,36
7/1/1977 35 37,38
2/1/1978 27,38 39
2/1/1978 25,26,36 40
10/1/1978 34 41,ST
12/1/1978 37 42,43
1/1/1979 03 44,ST
1/1/1979 5 45,ST
1/1/1979 7 46,ST
3/1/1979 41,43 47
7/1/1979 23,42 48
7/1/1979 48 49-51
1/1/1980 40 52
1/1/1980 39 53
1/1/1980 47 54
1/1/1980 28 55
3/1/1981 4,50 ST
11/1/1988 10-13 56
11/1/1988 45,46 57
11/1/1988 8,9,30 57
2/1/1989 32 58
2/1/1989 44 59
2/1/1989 29 60
2/1/1989 52 61
2/1/1989 49 62
2/1/1989 53 63
2/1/1989 55 64
2/1/1989 59 65,ST
2/1/1989 60 66
2/1/1989 58 67,ST
2/1/1989 61 68,ST
2/1/1989 63 69,ST
9/1/1989 64 70,ST
Date * Old Number * New Number *
9/1/1989 54,62,68-70 71
10/1/1989 31,65-67,PG.8 72
10/1/1989 72 73,74
5/1/1996 74 75,ST
2/1/2003 14 76,ST
12/13/2007 AddAsmnt 77-84
12/13/2007 16,77 85
12/13/2007 17,78 86
12/13/2007 18,79 87
12/13/2007 19,80 88
12/13/2007 20,81 89
12/13/2007 21,82 90
12/13/2007 22,83 91
12/13/2007 51,84 92
11/18/2016 57 93,ST
9/6/2021 15,76 090-43
9/6/2021 090-09 090-43
1/16/2025 56 031-1
1/16/2025 93 031-2
1/16/2025 85 031-3
1/16/2025 86 031-4
1/16/2025 87 031-5
1/16/2025 88 031-6
1/16/2025 89 031-7
1/16/2025 90 031-8
1/16/2025 91 031-9
1/27/2025 031-3-5 031-10
1/27/2025 031-6-9 031-11
1/27/2025 031-10 12,13
1/27/2025 031-11,13 14

EXHIBIT F

NOTICE OF PUBLIC HEARING ON INTENTION TO ANNEX TERRITORY TO AN EXISTING COMMUNITY FACILITIES DISTRICT 2015-2 (MAINTENANCE SERVICES) (ANNEXATION NO. 30)
NOTICE IS HEREBY GIVEN that the City Council of the City of Lake Elsinore on April 28, 2026 adopted its Resolution No. 2026-___, in which it declared its intention to annex territory to existing Community Facilities District No. 2015-2 (Maintenance Services) (the "CFD No. 2015-2"), and to levy a special tax to pay for certain maintenance services, all pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982, Chapter 2.5, Part 1, Division 2, Title 5 of the California Government Code. The resolution describes the territory to be annexed and describes the rate and method of apportionment of the proposed special tax. No change in the tax levied in the existing CFD No. 2015-2 is proposed.

NOTICE IS HEREBY FURTHER GIVEN that the City Council has fixed 7:00 p.m., or as soon thereafter as practicable, Tuesday, June 9, 2026 in the City Council Chambers located at 183 N Main St., Lake Elsinore, California 92530, as the time and place when and where the City Council will conduct a public hearing on the annexation of territory to CFD No. 2015-2. At the hearing, the testimony of all interest persons for or against the annexation of the territory or the levying of the special taxes will be heard. If and to the extent participation in the June 9, 2026 meeting must occur by teleconference, videoconference, or other electronic means authorized by the Ralph M. Brown Act or an Executive Order of the Governor of California, the means and methods for participating the meeting shall be posted on the Agenda for said meeting, which shall be posted at least 72 hours prior to the meeting on the City of Lake Elsinore (www.lake-elsinore.org), and outside of City Hall at 130 S. Main Street, Lake Elsinore, CA 92530. A copy of the Agenda will be made available upon request to the Lake Elsinore City Clerk's office at 951-848-4115.

DATED: ____________, 20___ _________________________________________ City Clerk of the City of Lake Elsinore

EXHIBIT G

SPECIAL TAX ELECTION

CITY OF LAKE ELSINORE

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) ANNEXATION NO. 30
(June 9, 2026)
This ballot is for the use of the authorized representative of the following owner of land within Annexation No. 30 of the Community Facilities District No. 2015-2 (Maintenance Services) (“CFD No. 2015-2”) of the City of Lake Elsinore:

Name of Landowner
Number of Acres
Owned Total Votes
In-N-Out Burgers, a California corporation 1.68 2
According to the provisions of the Mello-Roos Community Facilities Act of 1982, and resolutions of the City Council (the “Council”) of the City of Lake Elsinore (the “City”), the above-named landowner is entitled to cast the number of votes shown above under the heading “Total Votes,” representing the total votes for the property owned by said landowner. The City has sent the enclosed ballot to you so that you may vote on whether or not to approve the special tax.

This special tax ballot is for the use of the property owner of the parcels identified below, which parcels are located within the territory proposed to be annexed to the CFD No. 2015-2, City of Lake Elsinore, County of Riverside, State of California. Please advise the City Clerk, at (951) 848-4115 if the name set forth below is incorrect or if you are no longer one of the owners of these parcels. This special tax ballot may be used to express either support for or opposition to the proposed special tax. To be counted, this special tax ballot must be signed below by the owner or, if the owner is not an individual, by an authorized representative of the owner. The ballot must then be delivered to the City Clerk, either by mail or in person, as follows:

Mail
Delivery: If by mail, place ballot in the return envelope provided, and mail no later than May 26, 2026, two calendar weeks prior to the date set for the election. Mailing later than this deadline creates the risk that the special tax ballot may not be received in time to be counted.

Personal
Delivery: If in person, deliver to the City Clerk at any time up to 7:00 p.m. on June 9, 2026, at the Clerk’s office at 130 N Main St. Lake Elsinore, CA 92530.

However delivered, this ballot must be received by the Clerk prior to the close of the public meeting on June 9, 2026.

Very truly yours,
Candice Alvarez, MMC,
City Clerk

EXHIBIT G
TO CAST THIS BALLOT, PLEASE RETURN THIS ENTIRE PAGE.

OFFICIAL SPECIAL TAX BALLOT
Name & Address of Property Owner: Assessor’s Parcel Number(s):

In-N-Out Burgers, a California Corporation
Attn: Cassie Ruiz
13502 Hamburger Lane
Baldwin Park, Ca 91706
377-030-092, 377-031-014

ANNEXATION OF TERRITORY TO
COMMUNITY FACILITIES DISTRICT NO. 2015-2 (MAINTENANCE SERVICES) ANNEXATION NO. 30
AN “X” OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT SPECIAL TAX BALLOT MEASURE MARK “YES” OR
“NO” WITH AN “X”:

Shall the City Council of the City of Lake Elsinore be authorized to levy a special tax on an annual basis at the rates set forth in the following table:

Land Use Category Maximum Special Tax A
Non-Residential $1,776
plus an annual increase on each July 1, commencing on July 1, 2026 the Maximum Special Tax A for Developed Property, Approved Property and Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index for the Riverside-San BernardinoOntario California Standard Metropolitan Statistical Area since the beginning of the preceding Fiscal Year or ii) by two percent (2.0%), whichever is greater, to finance certain services within the territory identified on the map entitled “Annexation Map No. 30 of Community Facilities District No. 2015-2 (Maintenance Services) City of Lake Elsinore” including lighting and street maintenance for Special Tax A as provided in the Rate and Method of Apportionment which is attached as Exhibit C to Resolution No. 2026-__ adopted by the City Council of the City of Lake Elsinore on April 28, 2026 (including incidental expenses) and shall an appropriation limit be established for Community Facilities District No. 2015-2 (Maintenance Services) in the amount of special taxes collected? YES _________

NO _________
Certification for Special Election Ballot
The undersigned is an authorized representative of the above-named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above-named landowner.

I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct and that this declaration is executed on ____________, 20__.

Cassie Ruiz
Senior Development Manager
Signature
Print Name
Title
2 C10.0
3 C10.0
1 C10.0
6 C10.0
7 C10.0
9 C10.0
A
C10.1
10 C10.0
C
C10.1
11 C10.0
4 C10.0
5 C10.0
B
C10.1 8
C10.0
16775 ADISON ROAD, SUITE 350
ADISON, TX 75001
PH: (469) 960-2322
A
C3.0
F
C2.0
C
C10.0
9 C10.0
10 C10.0
A
C2.1
B
C10.1
11 C10.0
CFD 2015-2 ANNEXATION APPLICATION EXHIBIT
INOB MAINTAINED LANDSCAPING WITHIN CITY ROW: 984 SF
DEXTER AVE. SIDEWALK:1,581 SF
DEXTER AVE. ROADWAY PAVEMENT 9,225 SF
DEXTER AVE STREETLIGHT: ONE (1)
NOTE: EXISTING STREETLIGHT - RELOCATED PER INOB IMPROVEMENTS

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: Barbara Leibold, City Attorney
Date: April 28, 2026
Subject: Agreement and Escrow Instructions for Purchase and Sale of Real Property Vacant Parcel Spring Street, Lake Elsinore (APN 374-072-013).

Recommendation
Approve the purchase of real property located at Vacant Parcel Spring Street, Lake Elsinore (APNs 374-072-013) for $145,000 ratify the City Manager’s execution of the Agreement and Escrow Instructions for Purchase and Sale of Real Property (“Agreement”) and further authorize the City Manager or designee to execute such other ancillary documents as may be necessary to complete the purchase, in such final form as approved by the City Attorney.

Background
The property is located on Spring Street between Sumner Drive and W Pottery Street. The property was appraised as of August 2024 for $100,000.

Discussion
The proposed agreement provides for a purchase price of $145,000. The City Council previously approved the purchase of adjacent parcels APN 374-072-012, -014, -015, -016, and -024. Together, the proposed purchase will provide opportunities for additional projects and amenities to serve and support residents, businesses, and visitors in the downtown area.

Purchase Agreement Spring Street

Page 2 of 2 ends

Fiscal Impact
The funding for acquisition in the amount of $145,000, plus closing costs, will come from the Fiscal Year 2025-26 Capital Improvement Plan (CIP) Budget, with $20,000 coming from the affordable housing developer of the adjacent parcels.

Attachments
Attachment 1 – Vicinity Map
Attachment 2 – Purchase Agreement

DISCLOSURE REGARDING

REAL ESTATE AGENCY RELATIONSHIP
As required by the Civil Code)
C.A.R. Form AD, Revised 12/24)
If checked) This form is being provided in connection with a transaction for a leasehold interest exceeding one year as per Civil Code §§ 2079.13(j), (k), and (l).

When you enter into a discussion with a real estate agent regarding a real estate transaction, you should from the outset understand what type of agency relationship or representation you wish to have with the agent in the transaction.

SELLER' S AGENT
A Seller's agent under a listing agreement with the Seller acts as the agent for the Seller only. A Seller's agent or a subagent of that agent has the following affirmative obligations:

To the Seller: A Fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Seller.

To the Buyer and the Seller:
a) Diligent exercise of reasonable skill and care in performance of the agent's duties. b) A duty of honest and fair dealing and good faith.
c) A duty to disclose all facts known to the agent materially affecting the value or desirability of the property that are not known to, or within the diligent attention and observation of, the parties. An agent is not obligated to reveal to either party any confidential information obtained from the other party that does not involve the affirmative duties set forth above.

BUYER' S AGENT
A Buyer's agent can, with a Buyer's consent, agree to act as agent for the Buyer only. This includes a Buyer's agent under a buyer-broker representation agreement with the Buyer. In these situations, the agent is not the Seller's agent, even if by agreement the agent may receive compensation for services rendered, either in full or in part from the Seller. An agent acting only for a Buyer has the following affirmative obligations:

To the Buyer: A fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Buyer.

AGENT REPRESENTING BOTH SELLER AND BUYER
A real estate agent, either acting directly or through one or more salespersons and broker associates, can legally be the agent of both the Seller and the Buyer in a transaction, but only with the knowledge and consent of both the Seller and the Buyer.

In a dual agency situation, the agent has the following affirmative obligations to both the Seller and the Buyer:
a) A fiduciary duty of utmost care, integrity, honesty and loyalty in the dealings with either the Seller or the Buyer. b) Other duties to the Seller and the Buyer as stated above in their respective sections.

In representing both Seller and Buyer, a dual agent may not, without the express permission of the respective party, disclose to the other party confidential information, including, but not limited to, facts relating to either the Buyer's or Seller's financial position, motivations, bargaining position, or other personal information that may impact price, including the Seller's willingness to accept a price less than the listing price or the Buyer's willingness to pay a price greater than the price offered.

SELLER AND BUYER RESPONSIBILITIES
Either the purchase agreement or a separate document will contain a confirmation of which agent is representing you and whether that agent is representing you exclusively in the transaction or acting as a dual agent. Please pay attention to that confirmation to make sure it accurately reflects your understanding of your agent's role.

The above duties of the agent in a real estate transaction do not relieve a Seller or Buyer from the responsibility to protect their own interests. You should carefully read all agreements to assure that they adequately express your understanding of the transaction. A real estate agent is a person qualified to advise about real estate. If legal or tax advice is desired, consult a competent professional.

If you are a Buyer, you have the duty to exercise reasonable care to protect yourself, including as to those facts about the property which are known to you or within your diligent attention and observation.

Both Sellers and Buyers should strongly consider obtaining tax advice from a competent professional because the federal and state tax consequences of a transaction can be complex and subject to change.

Throughout your real property transaction you may receive more than one disclosure form, depending upon the number of agents assisting in the transaction. The law requires each agent with whom you have more than a casual relationship to present you with this disclosure form. You should read its contents each time it is presented to you, considering the relationship between you and the real estate agent in your specific transaction. This disclosure form includes the provisions of §§ 2079.13 to 2079.24, inclusive, of the Civil Code set forth on page 2. Read it carefully.

Note: Real estate broker commissions are not set by law and are fully negotiable.

I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS DISCLOSURE AND THE PORTIONS OF THE CIVIL CODE PRINTED ON THE SECOND PAGE.

Buyer Seller Landlord Tenant Date
Buyer Seller Landlord Tenant Date
Agent DRE Lic. #
Real Estate Broker ( Firm)
By DRE Lic. # Date
Salesperson or Broker- Associate, if any)
AD REVISED 12/24 (PAGE 1 OF 2)
DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIP (AD PAGE 1 OF 2) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com X The City of Lake Elsinore
Allison James Estate & Homes 01885684
Jessica Small 01361340
Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699- 9301 000 Spring St.

Jessica Small
Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
12/23/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E CIVIL §§ 2079.13 - 2079.24 (2079.16 APPEARS ON THE FRONT) 2079.13. As used in this section and §§ 2079. 7 and 2079.14 to 2079.24, inclusive, the following terms have the following meanings:
a)“ Agent” means a person acting under provisions of Title 9 ( commencing with § 2295) in a real property transaction, and includes a person who is licensed as a real estate broker under Chapter 3 (commencing with § 10130) of Part 1 of Division 4 of the Business and Professions Code, and under whose license a listing is executed or an offer to purchase is obtained. The agent in the real property transaction bears responsibility for that agent' s salespersons or broker associates who perform as agents of the agent. When a salesperson or broker associate owes a duty to any principal, or to any buyer or seller who is not a principal, in a real property transaction, that duty is equivalent to the duty owed to that party by the broker for whom the salesperson or broker associate functions.( b)“ Buyer” means a transferee in a real property transaction, and includes a person who executes an offer to purchase real property from a seller through an agent, or who seeks the services of an agent in more than a casual, transitory, or preliminary manner, with the object of entering into a real property transaction. “ Buyer” includes a vendee or lessee of real property.( c)“ Commercial real property” means all real property in the state, except ( 1) single-family residential real property, ( 2) dwelling units made subject to Chapter 2 (commencing with 1940) of Title 5, (3) a mobilehome, as defined in § 798.3, ( 4) vacant land, or ( 5) a recreational vehicle, as defined in § 799.29.( d)“ Dual agent” means an agent acting, either directly or through a salesperson or broker associate, as agent for both the seller and the buyer in a real property transaction.( e)“ Listing agreement” means a written contract between a seller of real property and an agent, by which the agent has been authorized to sell the real property or to find or obtain a buyer, including rendering other services for which a real estate license is required to the seller pursuant to the terms of the agreement.( f)“ Seller' s agent” means a person who has obtained a listing of real property to act as an agent for compensation. g)“ Listing price” is the amount expressed in dollars specified in the listing for which the seller is willing to sell the real property through the seller' s agent.( h)“ Offering price” is the amount expressed in dollars specified in an offer to purchase for which the buyer is willing to buy the real property. i)“ Offer to purchase” means a written contract executed by a buyer acting through a buyer' s agent that becomes the contract for the sale of the real property upon acceptance by the seller.( j)“Real property” means any estate specified by subdivision ( 1) or (2) of § 761 in property, and includes ( 1) single-family residential property, ( 2) multiunit residential property with more than four dwelling units, ( 3) commercial real property, ( 4) vacant land, 5) a ground lease coupled with improvements, or ( 6) a manufactured home as defined in § 18007 of the Health and Safety Code, or a mobilehome as defined in § 18008 of the Health and Safety Code, when offered for sale or sold through an agent pursuant to the authority contained in § 10131. 6 of the Business and Professions Code.( k)“ Real property transaction” means a transaction for the sale of real property in which an agent is retained by a buyer, seller, or both a buyer and seller to act in that transaction, and includes a listing or an offer to purchase.( l)“ Single-family residential property” or “ single-family residential real property” means any of the following: ( 1) Real property improved with one to four dwelling units, including a leasehold exceeding one year's duration. ( 2) A unit in a residential stock cooperative, condominium, or planned unit development. ( 3) A mobilehome or manufactured home when offered for sale or sold through a real estate broker pursuant to § 10131. 6 of the Business and Professions Code. m)“ Sell,” “ sale,” or “sold” refers to a transaction for the transfer of real property from the seller to the buyer and includes exchanges of real property between the seller and buyer, transactions for the creation of a real property sales contract within the meaning of § 2985, and transactions for the creation of a leasehold exceeding one year's duration.( n)“ Seller” means the transferor in a real property transaction and includes an owner who lists real property with an agent, whether or not a transfer results, or who receives an offer to purchase real property of which he or she is the owner from an agent on behalf of another. “ Seller” includes both a vendor and a lessor of real property.( o)“ Buyer' s agent” means an agent who represents a buyer in a real property transaction.( p)“ Buyer- broker representation agreement” means a written contract between a buyer of real property and a buyer's agent by which the buyer's agent has been authorized by the buyer to provide services set forth in subdivision ( a) of § 10131 of the Business and Professions Code for or on behalf of the buyer for which a real estate license is required pursuant to the terms of the contract. 2079. 14. ( a) A copy of the disclosure form specified in § 2079. 16 shall be provided in a real property transaction as follows: ( 1) The seller' s agent, if any, shall provide the disclosure form to the seller before entering into a listing agreement. ( 2) The buyer's agent shall provide the disclosure to the buyer as soon as practicable before the execution of a buyer- broker representation agreement and execution of the buyer's offer to purchase. If the offer to purchase is not prepared by the buyer's agent, the buyer's agent shall present the disclosure form to the buyer not later than the next business day after receiving the offer to purchase from the buyer.( b) The agent providing the disclosure form specified in § 2079.16 shall obtain a signed acknowledgement of receipt from the buyer or seller except as provided in § 2079.15. 2079.15. In any circumstance in which the seller or buyer refuses to sign an acknowledgment of receipt pursuant to § 2079. 14, the agent shall set forth, sign, and date a written declaration of the facts of the refusal. 2079.16 Reproduced on Page 1 of this AD form.
2079. 17(a) As soon as practicable, the buyer' s agent shall disclose to the buyer and seller whether the agent is acting in the real property transaction as the buyer's agent, or as a dual agent representing both the buyer and the seller. This relationship shall be confirmed in the contract to purchase and sell real property or in a separate writing executed or acknowledged by the seller, the buyer, and the buyer's agent prior to or coincident with execution of that contract by the buyer and the seller, respectively.( b) As soon as practicable, the seller's agent shall disclose to the seller whether the seller's agent is acting in the real property transaction as the seller's agent, or as a dual agent representing both the buyer and seller. This relationship shall be confirmed in the contract to purchase and sell real property or in a separate writing executed or acknowledged by the seller and the seller's agent prior to or coincident with the execution of that contract by the seller.( c) The confirmation required by subdivisions ( a) and (b) shall be in the following form:

Seller's Brokerage Firm DO NOT COMPLETE. SAMPLE ONLY License Number ______________ Is the broker of (check one): the seller; or both the buyer and seller. ( dual agent) Seller's Agent DO NOT COMPLETE. SAMPLE ONLY License Number ______________ Is (check one): the Seller's Agent. ( salesperson or broker associate) both the Buyer' s and Seller's Agent. ( dual agent) Buyer' s Brokerage Firm DO NOT COMPLETE. SAMPLE ONLY License Number ______________ Is the broker of (check one): the buyer; or both the buyer and seller. ( dual agent) Buyer' s Agent DO NOT COMPLETE. SAMPLE ONLY License Number ______________ Is (check one): the Buyer' s Agent. ( salesperson or broker associate) both the Buyer' s and Seller' s Agent. ( dual agent) d) The disclosures and confirmation required by this section shall be in addition to the disclosure required by § 2079.14. An agent' s duty to provide disclosure and confirmation of representation in this section may be performed by a real estate salesperson or broker associate affiliated with that broker. 2079.18 (Repealed pursuant to AB-1289)
2079.19 The payment of compensation or the obligation to pay compensation to an agent by the seller or buyer is not necessarily determinative of a particular agency relationship between an agent and the seller or buyer. A listing agent and a selling agent may agree to share any compensation or commission paid, or any right to any compensation or commission for which an obligation arises as the result of a real estate transaction, and the terms of any such agreement shall not necessarily be determinative of a particular relationship. 2079. 20 Nothing in this article prevents an agent from selecting, as a condition of the agent' s employment, a specific form of agency relationship not specifically prohibited by this article if the requirements of § 2079.14 and § 2079.17 are complied with. 2079.21 (a) A dual agent may not, without the express permission of the seller, disclose to the buyer any confidential information obtained from the seller. b) A dual agent may not, without the express permission of the buyer, disclose to the seller any confidential information obtained from the buyer.( c) Confidential information” means facts relating to the client' s financial position, motivations, bargaining position, or other personal information that may impact price, such as the seller is willing to accept a price less than the listing price or the buyer is willing to pay a price greater than the price offered.( d) This section does not alter in any way the duty or responsibility of a dual agent to any principal with respect to confidential information other than price. 2079.22 Nothing in this article precludes a seller's agent from also being a buyer' s agent. If a seller or buyer in a transaction chooses to not be represented by an agent, that does not, of itself, make that agent a dual agent. 2079. 23 (a) A contract between the principal and agent may be modified or altered to change the agency relationship at any time before the performance of the act which is the object of the agency with the written consent of the parties to the agency relationship.( b) A lender or an auction company retained by a lender to control aspects of a transaction of real property subject to this part, including validating the sales price, shall not require, as a condition of receiving the lender' s approval of the transaction, the homeowner or listing agent to defend or indemnify the lender or auction company from any liability alleged to result from the actions of the lender or auction company. Any clause, provision, covenant, or agreement purporting to impose an obligation to defend or indemnify a lender or an auction company in violation of this subdivision is against public policy, void, and unenforceable. 2079.24 Nothing in this article shall be construed to either diminish the duty of disclosure owed buyers and sellers by agents and their associate licensees, subagents, and employees or to relieve agents and their associate licensees, subagents, and employees from liability for their conduct in connection with acts governed by this article or for any breach of a fiduciary duty or a duty of disclosure.

Published and Distributed by: REAL ESTATE BUSINESS SERVICES, LLC. a subsidiary of the California Association of REALTORS® AD REVISED 12/24 (PAGE 2 OF 2)
DISCLOSURE REGARDING REAL ESTATE AGENCY RELATIONSHIP ( AD PAGE 2 OF 2) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E

VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW

INSTRUCTIONS
C.A.R. FORM VLPA, Revised 12/24)
Date Prepared:

1. OFFER:

A. THIS IS AN OFFER FROM (“ Buyer”).

Individual( s), A Corporation, A Partnership, An LLC, Other .

B. THE PROPERTY to be acquired is , situated
in ( City), ( County), California, ( Zip Code),
Assessor' s Parcel No(s). (“ Property”).

Further Described As .

Postal/Mailing address may be different from city jurisdiction. Buyer is advised to investigate.) C. THE TERMS OF THE PURCHASE ARE SPECIFIED BELOW AND ON THE FOLLOWING PAGES.

D. Buyer and Seller are referred to herein as the "Parties." Brokers and Agents are not Parties to this Agreement.

2. AGENCY:

A. DISCLOSURE: The Parties each acknowledge receipt of a “Disclosure Regarding Real Estate Agency Relationship” ( C.A.R.

Form AD) if represented by a real estate licensee. Buyer's Agent is not legally required to give to Seller' s Agent the AD form Signed by Buyer. Seller's Agent is not legally obligated to give to Buyer's Agent the AD form Signed by Seller.

B. CONFIRMATION: The following agency relationships are here confirmed for this transaction.

Seller's Brokerage Firm License Number
Is the broker of (check one): the Seller; or both the Buyer and Seller (Dual Agent).

Seller's Agent License Number
Is (check one): the Seller's Agent (Salesperson or broker associate); or both the Buyer's and Seller's Agent (Dual Agent).

Buyer' s Brokerage Firm License Number
Is the broker of (check one): the Buyer; or both the Buyer and Seller (Dual Agent).

Buyer's Agent License Number
Is (check one): the Buyer's Agent (Salesperson or broker associate); or both the Buyer's and Seller's Agent (Dual Agent).

C. More than one Brokerage represents Seller, Buyer. See, Additional Broker Acknowledgement ( C.A.R. Form ABA).

D. POTENTIALLY COMPETING BUYERS AND SELLERS: The Parties each acknowledge receipt of a “ Possible Representation of More than One Buyer or Seller - Disclosure and Consent” ( C.A.R. Form PRBS).

3. TERMS OF PURCHASE AND ALLOCATION OF COSTS: The items in this paragraph are contractual terms of the Agreement.

Referenced paragraphs provide further explanation. This form is 17 pages. The Parties are advised to read all 17 pages.

Para # Paragraph Title or Contract
Term
Terms and Conditions Additional Terms
A 5, 5B (cash) Purchase Price $ All Cash
B Close Of Escrow ( COE) Days after Acceptance
OR on ( date)
C 40A Expiration of Offer 3 calendar days after all Buyer Signature( s) or date) at 5PM
or AM/ PM
D(1) 5A(1) Initial Deposit Amount $ ( % of purchase price) number above is for calculation purposes
and is not a contractual term)
within 3 (or ) business days
after Acceptance by wire transfer
OR
D(2) 5A(2) Increased Deposit See attached Increased Deposit Addendum ( C.A.R. Form IDA) E(1) 5C(1) Loan Amount( s): First
Interest Rate
Points
of purchase price)
Fixed rate or Initial adjustable rate
not to exceed %
Buyer to pay up to points to obtain
rate above
Conventional or, if checked,
Seller Financing
Assumed Financing
Subject To Financing
Other:

E(2) 5C(2) Additional Financed Amount
Interest Rate
Points
of purchase price)
Fixed rate or Initial adjustable rate
not to exceed %
Buyer to pay up to points to obtain
rate above
Conventional or, if checked,
Seller Financing
Assumed Financing
Subject To Financing
Other:

E(3) 7A Intended Use Investment OR
F 5D Balance of Down Payment $
PURCHASE PRICE TOTAL $

G SELLER PAYMENT TO COVER BUYER EXPENSES AND COSTS
G(1) 5E Seller Credit to Buyer $ For closing costs
G(2) ADDITIONAL FINANCE TERMS:
2024, California Association of REALTORS®, Inc.

VLPA REVISED 12/24 (PAGE 1 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 1 OF 17) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com December 23, 2025
The City of Lake Elsinore
X California Municipal Corporation
350 N. Spring St.

Lake Elsinore Riverside 92530
374- 072- 013
9,148 sq ft lot on Spring St. APN# 374- 072- 013
Allison James Estate & Homes 01885684
X
Jessica Small 01361340
X
X
145,000.00 X
X 60
3,000.00 2.07
142,000.00
145,000.00
Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699- 9301 000 Spring St.

Jessica Small
Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

G(3) 21 Seller Payment for Buyer' s
Obligation to compensate Buyer' s
Broker
Buyer Compensation Affirmation
Seller agrees to pay, out of transaction proceeds, % of the final purchase price AND, if applicable $ OR, if checked $ toward
the obligation of Buyer to compensate Buyer' s Broker.

Buyer affirmatively represents that, at the time this offer is made, Buyer has a written agreement with Buyer' s Broker that:( i)is valid;( ii) covers the Property; and (iii) provides for compensation for no less than the amount stated above.

Para # Paragraph Title or Contract
Term
Terms and Conditions Additional Terms
H(1) 5B Verification of All Cash (sufficient
funds)
Attached to the offer or 3 (or ) Days
after Acceptance
H(2) 6A Verification of Down Payment and
Closing Costs
Attached to the offer or 3 (or ) Days
after Acceptance
H(3) 6B Verification of Loan Application Attached to the offer or 3 (or ) Days after Acceptance
Prequalification Preapproval
Fully underwritten preapproval
I Intentionally Left Blank
J 19 Final Verification of Condition 5 (or ) Days prior to COE K 26 Assignment Request 17 (or ) Days after Acceptance

L CONTINGENCIES TIME TO REMOVE CONTINGENCIES CONTINGENCY REMOVED L(1) 8A Loan(s) 17 (or ) Days after Acceptance No loan contingency L(2) 8B Appraisal: Appraisal contingency
based upon appraised value at a
minimum of purchase price or
17 (or ) Days after Acceptance No appraisal contingency Removal of appraisal contingency
does not eliminate appraisal
cancellation rights in FVAC.

L(3) 8C Purchase of Manufactured Home
Buyer has (or has not) entered
into contract to purchase a personal
property manufactured home
17 (or ) Days after Acceptance
Shall remain in effect until the Close Of Escrow
of the Property REMOVAL OR WAIVER OF
CONTINGENCY:

L(4) 8D Construction Loan Financing
A draw from the construction loan will
not (or will) be used to finance the
Property
17 (or ) Days after Acceptance
L(5) 8E, 15 Investigation of Property 17 (or ) Days after Acceptance Informational Access to Property 17 (or ) Days after Acceptance Buyer' s right to access the Property for informational purposes only is NOT a contingency and does NOT create additional cancellation rights for Buyer.

L(6) 8F Insurance 17 ( or ) Days after Acceptance CR-B attached L(7) 8G, 17A Review of Seller Documents 17 (or ) Days after Acceptance, or 5 Days after Delivery, whichever is later
L(8) 8H, 16A Preliminary (" Title") Report 17 (or ) Days after Acceptance or 5 Days after Delivery, whichever is later
L(9) 8I, 11E Common Interest Disclosures
Per Civil Code § 4525 or this
Agreement
17 (or ) Days after Acceptance or 5 Days
after Delivery, whichever is later
L(10) 8J, 9B(2) Review of leased or liened items
E.g. solar panels or propane tanks)
17 (or ) Days after Acceptance, or 5 Days
after Delivery, whichever is later
L(11) 8M Sale of Buyer' s Property
Sale of Buyer' s property is not a
contingency, UNLESS checked here:

C.A.R. Form COP attached
Possession Time for Performance Additional Terms
M 3R Vacant Lot Delivery
Lease/ tenant in place
Upon notice of recordation
On COE Date
Property to be delivered subject to
tenant rights, except
N Documents/ Fees/Compliance Time for Performance
N(1) 17A Seller Delivery of Documents 7 (or ) Days after Acceptance N(2) 22B Sign and return Escrow Holder
General Provisions, Supplemental
Instructions
5 (or ) Days after receipt
N(3) 11E( 2) Time to pay fees for ordering HOA
Documents
3 (or ) Days after Acceptance
N(4) 36 Evidence of representative authority 3 Days after Acceptance O Intentionally Left Blank
VLPA REVISED 12/24 (PAGE 2 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (VLPA PAGE 2 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 X
X
000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E 45 Property Address: Date:

P Items Included and Excluded
P(1) 9 Items Included - All items specified in Paragraph 9B are included and the following, if checked:

P(2) 9 Excluded Items:

Q Allocation of Costs
Para # Item Description Who Pays (if Both is checked, cost to be split equally unless Otherwise Agreed)
Additional Terms
Q(1) Natural Hazard Zone Disclosure
Report, including tax information
Buyer Seller Both Environmental
Other
Provided by:

Q(2) 15B(1)(D) Environmental Survey ( Phase I) Buyer Seller Both Q(3) 10 Gov't Point of Sale Requirements
Inspections and reports
Buyer Seller Both
Q(4) 22B Escrow Fees Buyer Seller Both
Each to pay their own fees
Escrow Holder:

Q(5) 16 Owner' s title insurance policy Buyer Seller Both Title Company ( If different from Escrow Holder):

Q(6) Buyer' s Lender title insurance policy Buyer Unless Otherwise Agreed, Buyer shall purchase any title insurance
policy insuring Buyer' s lender.

Q(7) County transfer tax, fees Buyer Seller Both
Q(8) City transfer tax, fees Buyer Seller Both
Q(9) 11E(2) HOA fee for preparing disclosures Seller
Q(10) HOA certification fee Buyer
Q(11) HOA transfer fees Buyer Seller Both Unless Otherwise Agreed, Seller shall pay for separate HOA moveout fee and Buyer shall pay for separate move- in fee. Applies if
separately billed or itemized with
cost in transfer fee.

Q(12) Private transfer fees Seller, or if checked, Buyer Both Q(13)( A) Reports
B) Reports
Buyer Seller Both
Buyer Seller Both
Q(14)( A) fees/ costs
B) fees/costs
Buyer Seller Both
Buyer Seller Both
R 12 Additional Tenancy Documents Income and Expense Statements Tenant Estoppel Certificate S OTHER TERMS:

4. PROPERTY ADDENDA AND ADVISORIES:( check all that apply) A. PROPERTY TYPE ADDENDA: This Agreement is subject to the terms contained in the Addenda checked below:

Probate Agreement Purchase Addendum (C.A.R. Form PA-PA) Residential Units Purchase Addendum ( C.A.R. Form RU-PA) Other
B. OTHER ADDENDA: This Agreement is subject to the terms contained in the Addenda checked below:

Addendum # ( C.A.R. Form ADM) Short Sale Addendum ( C.A.R. Form SSA) Back Up Offer Addendum (C.A.R. Form BUO) Court Confirmation Addendum (C.A.R. Form CCA) Assumed Financing Addendum ( C.A.R. Form AFA)
Septic, Well, Property Monument and Propane Addendum ( C.A.R. Form SWPI) Buyer Intent to Exchange Addendum ( C.A.R. Form BXA) Seller Intent to Exchange Addendum ( C.A.R. Form SXA) Other Other
VLPA REVISED 12/24 (PAGE 3 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (VLPA PAGE 3 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 X
Disclosure Source
X
X
Stewart Title &
Escrow- Andrea
X
First American
Title and Escrow
X
X
The City Council of the City of Lake Elsinore has authorized the City manager to execute this offer provided; however, the final Purchase Agreement must be approved by the City Council at a regularly scheduled City Council meeting. 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

C. BUYER AND SELLER ADVISORIES: ( Note: All Advisories below are provided for reference purposes only and are not intended to be incorporated into this Agreement.)
Buyer's Vacant Land Additional Investigation Advisory ( C.A.R. Form BVLIA) Fair Housing and Discrimination Advisory ( C.A.R. Form FHDA) Wire Fraud Advisory ( C.A.R. Form WFA) Cal. Consumer Privacy Act Advisory ( C.A.R. Form CCPA) Parties may also receive a privacy disclosure from their own Agent.) Wildfire Disaster Advisory ( C.A.R. Form WFDA) Statewide Buyer and Seller Advisory ( C.A.R. Form SBSA) Trust Advisory ( C.A.R. Form TA) Short Sale Information and Advisory ( C.A.R. Form SSIA) REO Advisory ( C.A.R. Form REO) Probate Advisory ( C.A.R. Form PA) Other Other

5. ADDITIONAL TERMS AFFECTING PURCHASE PRICE: Buyer represents that funds will be good when deposited with Escrow Holder.

A. DEPOSIT:
1) INITIAL DEPOSIT: Buyer shall deliver deposit directly to Escrow Holder. If a method other than wire transfer is specified in paragraph 3D(1) and such method is unacceptable to Escrow Holder, then upon notice from Escrow Holder, delivery shall be by wire transfer.
2) RETENTION OF DEPOSIT: Paragraph 36, if initialed by all Parties or otherwise incorporated into this Agreement, specifies a remedy for Buyer' s default. Buyer and Seller are advised to consult with a qualified California real estate attorney: ( i) Before adding any other clause specifying a remedy ( such as release or forfeiture of deposit or making a deposit non-refundable) for failure of Buyer to complete the purchase. Any such clause shall be deemed invalid unless the clause independently satisfies the statutory liquidated damages requirements set forth in the Civil Code; and (ii) Regarding possible liability and remedies if Buyer fails to deliver the deposit.

B. ALL CASH OFFER: If an all cash offer is specified in paragraph 3A, no loan is needed to purchase the Property. This Agreement is NOT contingent on Buyer obtaining a loan. Buyer shall, within the time specified in paragraph 3H(1), Deliver written verification of funds sufficient for the purchase price and closing costs.

C. LOAN(S):
1) FIRST LOAN: This loan will provide for conventional financing UNLESS Seller Financing ( C.A.R. Form SFA), Assumed Financing, Subject to Financing, or Other is checked in paragraph 3E(1). 2) ADDITIONAL FINANCED AMOUNT: If an additional financed amount is specified in paragraph 3E(2), that amount will provide for conventional financing UNLESS Seller Financing ( C.A.R. Form SFA), Assumed Financing, Subject To Financing, or Other is checked in paragraph 3E(2).
3) BUYER' S LOAN STATUS: Buyer authorizes Seller and Seller's Authorized Agent to contact Buyer's lender( s) to determine the status of any Buyer's loan specified in paragraph 3E, or any alternate loan Buyer pursues, whether or not a contingency of this Agreement. If the contact information for Buyer's lender(s) is different from that provided under the terms of paragraph 6B, Buyer shall Deliver the updated contact information within 1 Day of Seller's request. 4) ASSUMED OR SUBJECT TO FINANCING: Seller represents that Seller is not delinquent on any payments due on any loans. If the Property is acquired subject to an existing loan, Buyer and Seller are advised to consult with legal counsel regarding the ability of an existing lender to call the loan due, and the consequences thereof.

D. BALANCE OF PURCHASE PRICE ( DOWN PAYMENT, paragraph 3F)(including all-cash funds) to be deposited with Escrow Holder pursuant to Escrow Holder instructions.

E. LIMITS ON CREDITS TO BUYER: Any credit to Buyer as specified in paragraph 3G(1) or Otherwise Agreed, from any source, for closing or other costs that is agreed to by the Parties (“ Contractual Credit”) shall be disclosed to Buyer's lender, if any, and made at Close Of Escrow. If the total credit allowed by Buyer' s lender (“ Lender Allowable Credit”) is less than the Contractual Credit, then (i)the Contractual Credit from Seller shall be reduced to the Lender Allowable Credit, and (ii) in the absence of a separate written agreement between the Parties, there shall be no automatic adjustment to the purchase price to make up for the difference between the Contractual Credit and the Lender Allowable Credit.

6. ADDITIONAL FINANCING TERMS:

A. VERIFICATION OF DOWN PAYMENT AND CLOSING COSTS: Written verification of Buyer's down payment and closing costs, within the time specified in paragraph 3H(2) may be made by Buyer or Buyer's lender or loan broker pursuant to paragraph 6B.

B. VERIFICATION OF LOAN APPLICATIONS: Buyer shall Deliver to Seller, within the time specified in paragraph 3H(3) a letter from Buyer's lender or loan broker stating that, based on a review of Buyer's written application and credit report, Buyer is prequalified or preapproved for any NEW loan specified in paragraph 3E. If any loan specified in paragraph 3E is an adjustable rate loan, the prequalification or preapproval letter shall be based on the qualifying rate, not the initial loan rate.

C. BUYER STATED FINANCING: Seller is relying on Buyer's representation of the type of financing specified ( including, but not limited to, as applicable, all cash, amount of down payment, or contingent or non-contingent loan). Seller has agreed to a specific closing date, purchase price, and to sell to Buyer in reliance on Buyer's specified financing. Buyer shall pursue the financing specified in this Agreement, even if Buyer also elects to pursue an alternative form of financing. Seller has no obligation to cooperate with Buyer's efforts to obtain any financing other than that specified in this Agreement but shall not interfere with closing at the purchase price on the COE date (paragraph 3B) even if based upon alternate financing. Buyer's inability to obtain alternate financing does not excuse Buyer from the obligation to purchase the Property and close escrow as specified in this Agreement.

7. CLOSING AND POSSESSION:

A. INTENDED USE: Buyer intends to use the Property as indicated in paragraph 3E(3). Intended use may impact available financing.

B. CONDITION OF PROPERTY ON CLOSING: Unless Otherwise Agreed: ( i) the Property shall be delivered “ As-Is” in its PRESENT physical condition as of the date of Acceptance; ( ii) the Property, including pool, spa, landscaping and grounds, is to be maintained in substantially the same condition as on the date of Acceptance; and (iii) all debris and personal property not included in the sale shall be removed by Close Of Escrow or at the time possession is delivered to Buyer, if not on the same date. If items are not removed when possession is delivered to Buyer, all items shall be deemed abandoned. Buyer, after first Delivering to Seller written notice to remove the items within 3 Days, may pay to have such items removed or disposed of and may bring legal action, as per this Agreement, to receive reasonable costs from Seller.

C. Buyer is strongly advised to conduct investigations of the entire Property in order to determine its present condition.

Seller and Agents may not be aware of all defects affecting the Property or other factors that Buyer considers important.

Property improvements may not be built according to code, in compliance with current Law, or have had all required permits issued and/or finalized.

VLPA REVISED 12/24 (PAGE 4 OF 17) Buyer' s Initials / Seller' s Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (VLPA PAGE 4 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 X
X
X X
000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

D. Seller shall, on Close Of Escrow unless Otherwise Agreed and even if Seller remains in possession, provide keys, passwords, codes and/or means to operate all locks, mailboxes, and all items included in either paragraph 3P or paragraph 9. If the Property is a condominium or located in a common interest development, Seller shall be responsible for securing or providing any such items for Association amenities, facilities, and access. Buyer may be required to pay a deposit to the Owners' Association (“ HOA”) to obtain keys to accessible HOA facilities.

8. CONTINGENCIES AND REMOVAL OF CONTINGENCIES:

A. LOAN(S):
1) This Agreement is, unless otherwise specified in paragraph 3L(1) or an attached CR form, contingent upon Buyer obtaining the loan(s) specified. If contingent, Buyer shall act diligently and in good faith to obtain the designated loan(s). If there is no appraisal contingency or the appraisal contingency has been waived or removed, then failure of the Property to appraise at the purchase price does not entitle Buyer to exercise the cancellation right pursuant to the loan contingency if Buyer is otherwise qualified for the specified loan and Buyer is able to satisfy lender' s non-appraisal conditions for closing the loan.
2) Buyer is advised to investigate the insurability of the Property as early as possible, as this may be a requirement for lending.

Buyer's ability to obtain insurance for the Property, including fire insurance, is part of Buyer's Insurance contingency. Failure of Buyer to obtain insurance may justify cancellation based on the Insurance contingency but not the loan contingency. 3) Buyer' s contractual obligations regarding deposit, balance of down payment and closing costs are not contingencies of this Agreement, unless Otherwise Agreed.
4) If there is an appraisal contingency, removal of the loan contingency shall not be deemed removal of the appraisal contingency. 5) NO LOAN CONTINGENCY: If "No loan contingency" is checked in paragraph 3L(1), obtaining any loan specified is NOT a contingency of this Agreement. If Buyer does not obtain the loan specified, and as a result is unable to purchase the Property, Seller may be entitled to Buyer's deposit or other legal remedies.

B. APPRAISAL:
1) This Agreement is, unless otherwise specified in paragraph 3L(2) or an attached CR form, contingent upon a written appraisal of the Property by a licensed or certified appraiser at no less than the amount specified in paragraph 3L(2), without requiring repairs or improvements to the Property. Appraisals are often a reliable source to verify square footage of the subject Property. However, the ability to cancel based on the measurements provided in an appraisal falls within the Investigation of Property contingency. The appraisal contingency is solely limited to the value determined by the appraisal.

For any cancellation based upon this appraisal contingency, Buyer shall Deliver a Copy of the written appraisal to Seller, upon request by Seller.
2) NO APPRAISAL CONTINGENCY: If "No appraisal contingency" is checked in paragraph 3L(2), then Buyer may not use the loan contingency specified in paragraph 3L(1) to cancel this Agreement if the sole reason for not obtaining the loan is that the appraisal relied upon by Buyer's lender values the property at an amount less than that specified in paragraph 3L(2). If Buyer is unable to obtain the loan specified solely for this reason, Seller may be entitled to Buyer's deposit or other legal remedies.
3) Fair Appraisal Act: See paragraph 33 for additional information.

C. MANUFACTURED HOME PURCHASE: If checked in paragraph 3L(3), this Agreement is contingent upon Buyer acquiring a personal property manufactured home to be placed on the Property after Close Of Escrow.

D. CONSTRUCTION LOAN FINANCING: If checked in paragraph 3L(4), this Agreement is contingent upon Buyer obtaining a construction loan.

E. INVESTIGATION OF PROPERTY: This Agreement is, as specified in paragraph 3L(5), contingent upon Buyer's acceptance of the condition of, and any other matter affecting, the Property.

F. INSURANCE: This Agreement is, as specified in paragraph 3L(6), contingent upon Buyer's assessment of the availability and approval of the cost for any insurance policy desired under this Agreement.

G. REVIEW OF SELLER DOCUMENTS: This Agreement is, as specified in paragraph 3L(7), contingent upon Buyer's review and approval of Seller's documents required in paragraph 17A.

H. TITLE:
1) This Agreement is, as specified in paragraph 3L(8), contingent upon Buyer's ability to obtain the title policy provided for in paragraph 16G and on Buyer's review of a current Preliminary Report and items that are disclosed or observable even if not on record or not specified in the Preliminary Report, and satisfying Buyer regarding the current status of title. Buyer is advised to review all underlying documents and other matters affecting title, including, but not limited to, any documents or deeds referenced in the Preliminary Report and any plotted easements. 2) Buyer has 5 Days after receipt to review a revised Preliminary Report, if any, furnished by the Title Company and cancel the transaction if the revised Preliminary Report reveals material or substantial deviations from a previously provided Preliminary Report.

I. CONDOMINIUM/ PLANNED DEVELOPMENT DISCLOSURES ( IF APPLICABLE): This Agreement is, as specified in paragraph 3L(9), contingent upon Buyer's review and approval of Common Interest Disclosures required by Civil Code § 4525 and under paragraph 11E (“CI Disclosures”).

J. BUYER REVIEW OF LEASED OR LIENED ITEMS CONTINGENCY: Buyer' s review of and ability and willingness to assume any lease, maintenance agreement or other ongoing financial obligation, or to accept the Property subject to any lien, disclosed pursuant to paragraph 9B(2), is, as specified in paragraph 3L(10), a contingency of this Agreement. Any assumption of the lease shall not require any financial obligation or contribution by Seller. Seller, after first Delivering a Notice to Buyer to Perform, may cancel this Agreement if Buyer, by the time specified in paragraph 3L(10), refuses to enter into any necessary written agreements to accept responsibility for all obligations of Seller-disclosed leased or liened items.

K. REMOVAL OR WAIVER OF CONTINGENCIES WITH OFFER: Buyer shall have no obligation to remove a contractual contingency unless Seller has provided all required documents, reports, disclosures, and information pertaining to that contingency. If Buyer does remove a contingency without first receiving all required information from Seller, Buyer is relinquishing any contractual rights that apply to that contingency. If Buyer removes or waives any contingencies without an adequate understanding of the Property' s condition or Buyer' s ability to purchase, Buyer is acting against the advice of Agent.

L. REMOVAL OF CONTINGENCY OR CANCELLATION:
1) For any contingency specified in paragraph 3L, 8, or elsewhere Buyer shall, within the applicable period specified, remove the contingency or cancel this Agreement. 2) For the contingencies for review of Seller Documents, Preliminary Report, and Condominium/ Planned Development Disclosures, Buyer shall, within the time specified in paragraph 3L or 5 Days after Delivery of the applicable Seller Documents, Preliminary Report, or CI Disclosures, whichever occurs later, remove the applicable contingency in writing or cancel this Agreement.

VLPA REVISED 12/24 (PAGE 5 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 5 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:
3) If Buyer does not remove a contingency within the time specified, Seller, after first giving Buyer a Notice to Buyer to Perform ( C.A.R. Form NBP), shall have the right to cancel this Agreement.

M. SALE OF BUYER' S PROPERTY: This Agreement and Buyer's ability to obtain financing are NOT contingent upon the sale of any property owned by Buyer unless the Sale of Buyer's Property ( C.A.R. Form COP) is checked as a contingency of this Agreement in paragraph 3L(11).

9. ITEMS INCLUDED IN AND EXCLUDED FROM SALE:

A. NOTE TO BUYER AND SELLER: Items listed as included or excluded in the Multiple Listing Service ( MLS), flyers, marketing materials, or disclosures are NOT included in the purchase price or excluded from the sale unless specified in this paragraph or paragraph 3P or as Otherwise Agreed. Any items included herein are components of the Property and are not intended to affect the price. All items are transferred without Seller warranty.

B. ITEMS INCLUDED IN SALE:
1) All EXISTING fixtures and fittings that are attached to the Property; 2) LEASED OR LIENED ITEMS AND SYSTEMS: Seller, within the time specified in paragraph 3N(1), shall ( i) disclose to Buyer if any item or system specified in paragraph 3P or 9B or otherwise included in the sale is leased, or not owned by Seller, or is subject to any maintenance or other ongoing financial obligation, or specifically subject to a lien or other encumbrance or loan, and (ii) Deliver to Buyer all written materials ( such as lease, warranty, financing, etc.) concerning any such item.
3) Seller represents that all items included in the purchase price, unless Otherwise Agreed,( i) are owned by Seller and shall be transferred free and clear of liens and encumbrances, except the items and systems identified pursuant to paragraph 9B(2), and (ii) are transferred without Seller warranty regardless of value. Seller shall cooperate with the identification of any software or applications and Buyer' s efforts to transfer any services needed to operate any Smart Home Features or other items included in this Agreement, including, but not limited to, utilities or security systems. 4) A complete inventory of all personal property of Seller currently used in the operation of the Property and included in the purchase price shall be delivered to Buyer within the time specified in paragraph 3N(1). 5) Seller shall deliver title to the personal property by Bill of Sale, free of all liens and encumbrances, and without warranty of condition.
6) As additional security for any note in favor of Seller for any part of the purchase price, Buyer shall execute a UCC-1 Financing Statement to be filed with the Secretary of State, covering the personal property included in the purchase, replacement thereof, and insurance proceeds.

C. ITEMS EXCLUDED FROM SALE: Unless Otherwise Agreed, all items specified in paragraph 3P(2) are excluded from the sale.

10. ALLOCATION OF COSTS
A. INSPECTIONS, REPORTS, TESTS, AND CERTIFICATES: Paragraphs 3Q(1), (2), (3), and ( 13) only determines who is to pay for the inspection, report, test, certificate or service mentioned; it does not determine who is to pay for any work recommended or identified in any such document. Agreements for payment of required work should be specified elsewhere in paragraph 3Q, or 3S, or in a separate agreement ( such as C.A.R. Forms RR, RRRR, ADM or AEA). Any reports in these paragraphs shall be Delivered in the time specified in Paragraph 3N(1).

B. GOVERNMENT POINT OF SALE REQUIREMENTS: Point of sale inspections and reports refer to any such actions required to be completed before or after Close Of Escrow that are required in order to close under any Law. If any point of sale requirement requires repairs, retrofits or additional costs beyond an inspection or report, further written agreement regarding costs is required.

If an agreement is reached, and unless Parties Otherwise Agree to another time period, any such repair, retrofit, or work shall be completed prior to final verification of Property. If Buyer agrees to pay for any portion of such repair, Buyer, shall (i) directly pay to the vendor completing the repair or (ii) provide an invoice to Escrow Holder, deposit funds into escrow sufficient to pay for Buyer's portion of such repair and request Escrow Holder pay the vendor completing the repair. If agreement is not reached within the time for removing the Buyer Investigation contingency, then either party may cancel the Agreement.

11. SELLER DISCLOSURES:

A. WITHHOLDING TAXES: Buyer and Seller hereby instruct Escrow Holder to withhold the applicable required amounts to comply with federal and California withholding Laws and forward such amounts to the Internal Revenue Service and Franchise Tax Board, respectively. However, no federal withholding is required if, prior to Close Of Escrow, Seller Delivers ( i) to Buyer and Escrow Holder a fully completed affidavit ( C.A.R. Form AS) sufficient to avoid withholding pursuant to federal withholding Law (FIRPTA); OR (ii) to a qualified substitute ( usually a title company or an independent escrow company) a fully completed affidavit ( C.A.R. Form AS) sufficient to avoid withholding pursuant to federal withholding Law AND the qualified substitute Delivers to Buyer and Escrow Holder an affidavit signed under penalty of perjury ( C.A.R. Form QS) that the qualified substitute has received the fully completed Seller's affidavit and the Seller states that no federal withholding is required; OR (iii) to Buyer other documentation satisfying the requirements under Internal Revenue Code § 1445 ( FIRPTA). No withholding is required under California Law if, prior to Close Of Escrow, Escrow Holder has received sufficient documentation from Seller that no withholding is required, and Buyer has been informed by Escrow Holder.

B. MEGAN' S LAW DATABASE DISCLOSURE: Notice: Pursuant to § 290.46 of the Penal Code, information about specified registered sex offenders is made available to the public via an Internet Web site maintained by the Department of Justice at www.meganslaw. ca.gov. Depending on an offender' s criminal history, this information will include either the address at which the offender resides or the community of residence and ZIP Code in which he or she resides. ( Neither Seller nor Agent are required to check this website. If Buyer wants further information, Agent recommends that Buyer obtain information from this website during Buyer' s investigation contingency period. Agents do not have expertise in this area.) C. NOTICE REGARDING GAS AND HAZARDOUS LIQUID TRANSMISSION PIPELINES: This notice is being provided simply to inform you that information about the general location of gas and hazardous liquid transmission pipelines is available to the public via the National Pipeline Mapping System ( NPMS) Internet Web site maintained by the United States Department of Transportation at http://www.npms.phmsa.dot.gov/. To seek further information about possible transmission pipelines near the Property, you may contact your local gas utility or other pipeline operators in the area. Contact information for pipeline operators is searchable by ZIP Code and county on the NPMS Internet Website. ( Neither Seller nor Agent are required to check this website. If Buyer wants further information, Agent recommends that Buyer obtain information from this website during Buyer's investigation contingency period. Agents do not have expertise in this area.) D. NATURAL AND ENVIRONMENTAL HAZARDS: Seller shall, within the time specified in paragraph 3N(1), if required by Law:
i) Deliver to Buyer the earthquake guide and environmental hazards booklet, and for all residential property with 1-4 units and any manufactured or mobile home built before January 1, 1960, fully complete and Deliver the Residential Earthquake Risk Disclosure Statement; and ( ii) even if exempt from the obligation to provide a NHD, disclose if the Property is located in a Special Flood Hazard Area; Potential Flooding ( Inundation) Area; Very High Fire Hazard Zone; State Fire Responsibility Area; Earthquake Fault Zone; Seismic Hazard Zone; and ( iii) disclose any other zone as required by Law and provide any other information required for those zones.

VLPA REVISED 12/24 (PAGE 6 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 6 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

E. CONDOMINIUM/ PLANNED DEVELOPMENT DISCLOSURES:
1) Seller shall, within the time specified in paragraph 3N(1), disclose to Buyer whether the Property is a condominium or is located in a planned development, other common interest development, or otherwise subject to covenants, conditions, and restrictions ( C.A.R. Form SPQ or ESD).
2) If the Property is a condominium or is located in a planned development or other common interest development with a HOA, Seller shall, within the time specified in paragraph 3N(3), order from, and pay any required fee as specified in paragraph 3Q(9) for the following items to the HOA (C.A.R. Form HOA-IR):( i) Copies of any documents required by Law (C.A.R. Form HOA-RS);( ii) disclosure of any pending or anticipated claim or litigation by or against the HOA;( iii) a statement containing the location and number of designated parking and storage spaces;( iv) Copies of the most recent 12 months of HOA minutes for regular and special meetings;( v) the names and contact information of all HOAs governing the Property;( vi) pet restrictions; and (vii) smoking restrictions (“ CI Disclosures”). Seller shall itemize and Deliver to Buyer all CI Disclosures received from the HOA and any CI Disclosures in Seller's possession. Seller shall, as directed by Escrow Holder, deposit funds into escrow or direct to HOA or management company to pay for any of the above.

F. SOLAR POWER SYSTEMS: For properties with any solar panels or solar power systems, Seller shall, within the time specified in paragraph 3N(1), Deliver to Buyer all known information about the solar panels or solar power system. Seller shall use the Solar Advisory and Questionnaire ( C.A.R. Form SOLAR).

G. ADDITIONAL DISCLOSURES: Within the time specified in paragraph 3N(1), if Seller has actual knowledge, Seller shall provide to Buyer, in writing, the following information:
1) LEGAL PROCEEDINGS: Any lawsuits by or against Seller, threatening or affecting the Property, including any lawsuits alleging a defect or deficiency in the Property or common areas, or any known notices of abatement or citations filed or issued against the Property.
2) AGRICULTURAL USE: Whether the Property is subject to restrictions for agricultural use pursuant to the Williamson Act Government Code §§ 51200-51295).
3) DEED RESTRICTIONS: Any deed restrictions or obligations. 4) FARM USE: Whether the Property is in, or adjacent to, an area with Right to Farm rights (Civil Code § 3482.5 and § 3482.6). 5) ENDANGERED SPECIES: Presence of endangered, threatened, “ candidate” species, or wetlands on the Property. 6) ENVIRONMENTAL HAZARDS: Any substances, materials, or products that may be an environmental hazard including, but not limited to, asbestos, formaldehyde, radon gas, lead-based paint, fuel or chemical storage tanks, and contaminated soil or water on the Property.
7) COMMON WALLS: Any features of the Property shared in common with adjoining landowners, such as walls, fences, roads, and driveways, and agriculture and domestic wells whose use or responsibility for maintenance may have an effect on the Property.
8) LANDLOCKED: The absence of legal or physical access to the Property. 9) EASEMENTS/ ENCROACHMENTS: Any encroachments, easements, or similar matters that may affect the Property. 10) SOIL FILL: Any fill (compacted or otherwise), or abandoned mining operations on the Property. 11) SOIL PROBLEMS: Any slippage, sliding, flooding, drainage, grading, or other soil problems. 12) EARTHQUAKE DAMAGE: Major damage to the Property of any of the structures from fire, earthquake, floods, or landslides. 13) ZONING ISSUES: Any zoning violations, non-conforming uses, or violations of “setback” requirements. 14) NEIGHBORHOOD PROBLEMS: Any neighborhood noise problems, or other nuisances. 15) SURVEY, PLANS, PERMITS AND ENGINEERING DOCUMENTS: If in Seller' s possession, Copies of surveys, plans, specifications, permits and approvals, development plans, licenses, and engineering documents, if any, prepared on Seller's behalf on in Seller's possession.
16) VIOLATION NOTICES: Seller shall disclose any notice of violations of any Law filed or issued against the Property.

H. MELLO-ROOS TAX; 1915 BOND ACT: Within the time specified in paragraph 3N(1), Seller shall:( i)make a good faith effort to obtain a notice from any local agencies that levy a special tax or assessment on the Property ( or, if allowed, substantially equivalent notice), pursuant to the Mello-Roos Community Facilities Act, and Improvement Bond Act of 1915, and (ii) promptly Deliver to Buyer any such notice obtained.

I. KNOWN MATERIAL FACTS: Seller shall, within the time specified in paragraph 3N(1), DISCLOSE KNOWN MATERIAL FACTS AND DEFECTS affecting the Property, including, but not limited to, known insurance claims within the past five years, or provide Buyer with permission to contact insurer to get such information ( C.A.R. Form ARC), and make any and all other disclosures required by Law.

J. SELLER VACANT LAND QUESTIONNAIRE: Seller shall, within the time specified in paragraph 3N(1), complete and provide Buyer with a Seller Vacant Land Questionnaire ( C.A.R. Form VLQ).

K. SUBSEQUENT DISCLOSURES: In the event Seller, prior to Close Of Escrow, becomes aware of adverse conditions materially affecting the Property, or any material inaccuracy in disclosures, information, or representations previously provided to Buyer, Seller shall promptly Deliver a subsequent or amended disclosure or notice, in writing, covering those items.

However, a subsequent or amended disclosure shall not be required for conditions and material inaccuracies of which Buyer is otherwise aware or which are disclosed in reports provided to or obtained by Buyer or ordered and paid for by Buyer.

12. TENANCY RELATED DISCLOSURES: Within the time specified in paragraph 3N(1), and subject to Buyer's right of review, Seller shall disclose, make available or Deliver, as applicable, to Buyer, the following information:

A. RENTAL/ SERVICE AGREEMENTS: ( i) All current leases, rental agreements, service contracts, and other agreements pertaining to the operation of the Property;( ii) A rental statement including names of tenants, rental rates, period or rental, date of last rent increase, security deposits, rental concessions, rebates or other benefits, if any, and a list of delinquent rents and their duration. Seller represents that no tenant is entitled to any rebate, concession, or other benefit, except as set forth in these documents. Seller represents that the documents to be furnished are those maintained in the ordinary and normal course of business.

B. INCOME AND EXPENSE STATEMENTS: If checked in paragraph 3R, the books and records for the Property, if any, including a statement of income and expense for the 12 months preceding Acceptance. Seller represents that the books and records are those maintained in the ordinary and normal course of business and used by Seller in the computation of federal and state income tax returns.

C. TENANT ESTOPPEL CERTIFICATES: If checked in paragraph 3R, Tenant Estoppel Certificates ( C.A.R. Form TEC). Tenant Estoppel Certificates shall be completed by Seller or Seller' s agent and delivered to tenant( s) for tenant( s) to sign and acknowledge:( i)that tenant(s)' rental or lease agreements are unmodified and in full force and effect, ( or if modified, stating all such modifications);( ii) that no lessor defaults exist; and (iii) stating the amount of any prepaid rent or security deposit. Seller shall exercise good faith to obtain tenant(s)' signature( s), but Seller cannot guarantee tenant(s)' cooperation. In the event Seller cannot obtain signed Tenant Estoppel Certificates within the time specified above, Seller shall notify Buyer and provide the unsigned one that was provided to tenant( s). If, after the time specified for Seller to Deliver the TEC to Buyer, any tenant(s) sign and return a TEC to Seller, Seller shall Deliver that TEC to Buyer.

VLPA REVISED 12/24 (PAGE 7 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 7 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

D. SELLER REPRESENTATIONS: Unless otherwise disclosed under paragraph 11, paragraph 12, or under any disclosure Delivered to Buyer:
1) Seller represents that Seller has no actual knowledge that any tenant(s):( i) has any current pending lawsuit( s), investigation( s), Inquiry(ies), action( s), or other proceeding( s) affecting the Property of the right to use and occupy it;( ii) has any unsatisfied mechanics or materialman lien(s) affecting the Property; and ( iii) is the subject of a bankruptcy. If Seller receives any such notice, prior to Close Of Escrow, Seller shall immediately notify Buyer. 2) Seller represents that no tenant is entitled to any rebate, concessions, or other benefit, except as set forth in the rental service agreements.
3) Seller represents that the documents to be furnished are those maintained in the ordinary and normal course of business and the income and expense statements are and used by Seller in the computation of federal and state income tax returns.

13. CHANGES DURING ESCROW:

A. Prior to Close Of Escrow, Seller may engage in the following acts (“ Proposed Changes”), subject to Buyer's rights in paragraph 13B: (i)rent or lease any vacant unit or other part of the premises;( ii) alter, modify, or extend any existing rental or lease agreement;( iii) enter into, alter, modify, or extend any service contract( s); or (iv) change the status of the condition of the Property.

B.( 1) At least 7 Days prior to any Proposed Changes, Seller shall Deliver written notice to Buyer of such Proposed Change 2) Within 5 Days after receipt of such notice, Buyer, in writing, may give Seller notice of Buyer' s objection to the Proposed Changes in which case Seller shall not make the Proposed Changes.

14. SECURITY DEPOSITS: Security deposits, if any, to the extent they have not been applied by Seller in accordance with any rental agreement and current Law, shall be transferred to Buyer on Close Of Escrow. Seller shall notify each tenant, in compliance with the California Civil Code.

15. BUYER' S INVESTIGATION OF PROPERTY AND MATTERS AFFECTING PROPERTY:

A. Buyer shall, within the time specified in paragraph 3L(5), have the right, at Buyer's expense unless Otherwise Agreed, to conduct inspections, investigations, tests, surveys and other studies (“ Buyer Investigations”).

B. Buyer Investigations include, but are not limited to:
1) Inspections regarding any physical attributes of the Property or items connected to the Property, such as:

A) A general inspection.

B) An inspection for lead-based paint and other lead-based paint hazards.

C) An inspection specifically for wood destroying pests and organisms. Any inspection for wood destroying pests and organisms shall be prepared by a registered Structural Pest Control company; shall cover the main building and attached structures; may cover detached structures; shall NOT include water tests of shower pans on upper level units unless the owners of property below the shower consent; shall NOT include roof coverings; and, if the Property is a unit in a condominium or other common interest subdivision, the inspection shall include only the separate interest and any exclusive- use areas being transferred, and shall NOT include common areas; and shall include a report (“ Pest Control Report”) showing the findings of the company which shall be separated into sections for evident infestation or infections ( Section 1) and for conditions likely to lead to infestation or infection ( Section 2).

D) A phase one environmental survey, paid for and obtained by the party indicated in paragraph 3Q(2). If Buyer is responsible for obtaining and paying for the survey, Buyer shall act diligently and in good faith to obtain such survey within the time specified in paragraph 3L(5). Buyer has 5 Days after receiving the survey to remove this portion of the Buyer's Investigation contingency.

E) Any other specific inspections of the physical condition of the land and improvements. 2) Buyer Investigations of any other matter affecting the Property, other than those that are specified as separate contingencies.

Buyer Investigations do not include, among other things, an assessment of the availability and cost of general homeowner' s insurance, flood insurance, and fire insurance. See, Buyer's Vacant Land Additional Inspection Advisory ( C.A.R. Form BVLIA) for more.

C. Without Seller's prior written consent, Buyer shall neither make nor cause to be made:( i) invasive or destructive Buyer Investigations, except for minimally invasive testing required to prepare a Pest Control Report, which shall not include any holes or drilling through stucco or similar material; or ( ii) inspections by any governmental building or zoning inspector or government employee, unless required by Law.

D. Seller shall make the Property available for all Buyer Investigations. Seller is not obligated to move any existing personal property.

Seller shall have water, gas, electricity and all operable pilot lights on for Buyer's Investigations and through the date possession is delivered to Buyer. Buyer shall,( i) by the time specified in paragraph 3L(5), complete Buyer Investigations and satisfy themselves as to the condition of the Property, and either remove the contingency or cancel this Agreement, and (ii) by the time specified in paragraph 3L(5) or 3 Days after receipt of any Investigation report, whichever is later, give Seller at no cost, complete Copies of all such reports obtained by Buyer, which obligation shall survive the termination of this Agreement. This Delivery of Investigation reports shall not include any appraisal.

E. Buyer indemnity and Seller protection for entry upon the Property: Buyer shall:( i) keep the Property free and clear of liens;( ii) repair all damage arising from Buyer Investigations; and ( iii) indemnify and hold Seller harmless from all resulting liability, claims, demands, damages and costs. Buyer shall carry, or Buyer shall require anyone acting on Buyer's behalf to carry, policies of liability, workers' compensation and other applicable insurance, defending and protecting Seller from liability for any injuries to persons or property occurring during any Buyer Investigations or work done on the Property at Buyer's direction prior to Close Of Escrow. Seller is advised that certain protections may be afforded Seller by recording a “Notice of Non-Responsibility” ( C.A.R. Form NNR) for Buyer Investigations and work done on the Property at Buyer's direction. Buyer's obligations under this paragraph shall survive the termination of this Agreement.

F. BUYER IS STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE

PROPERTY AND ALL MATTERS AFFECTING THE VALUE OR DESIRABILITY OF THE PROPERTY, INCLUDING BUT NOT LIMITED TO, THE ITEMS SPECIFIED BELOW. IF BUYER DOES NOT EXERCISE THESE RIGHTS, BUYER IS ACTING AGAINST THE ADVICE OF BROKERS. BUYER UNDERSTANDS THAT ALTHOUGH CONDITIONS ARE OFTEN

DIFFICULT TO LOCATE AND DISCOVER, ALL REAL PROPERTY CONTAINS CONDITIONS THAT ARE NOT READILY APPARENT AND THAT MAY AFFECT THE VALUE OR DESIRABILITY OF THE PROPERTY. BUYER AND SELLER ARE

AWARE THAT BROKREES DO NOT GUARANTEE, AND IN NO WAY ASSUME RESPONSIBILITY FOR, THE CONDITION OF THE PROPERTY. BROKERS HAVE NOT AND WILL NOT VERIFY ANY OF THE ITEMS IN PARAGRAPH 15, UNLESS OTHERWISE AGREED IN WRITING.

VLPA REVISED 12/24 (PAGE 8 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (VLPA PAGE 8 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

G. SIZE, LINES, ACCESS, AND BOUNDARIES: Lot size, property lines, legal or physical access, and boundaries including features of the Property shared in common with adjoining landowners, such as walls, fences, roads, and driveways, whose use or responsibility for maintenance may have an effect on the Property and any encroachments, easements, or similar matters that may affect the Property. ( Fences, hedges, walls, and other natural or constructed barriers or markers do not necessarily identify true Property boundaries. Property lines may be verified by survey.) ( Unless otherwise specified in writing, any numerical statements by Brokers regarding lot size are APPROXIMATIONS ONLY, which have not been and will not be verified, and should not be relied upon by Buyer.)
H. ZONING AND LAND USE: Past, present, or proposed laws, ordinances, referendums, initiatives, votes, applications, and permits affecting the current use of the Property, future development, zoning, building, size, governmental permits and inspections. Any zoning violations, non-conforming uses, or violations of “ setback' requirements. ( Buyer should also investigate whether these matters affect Buyer's intended use of the Property.

I. UTILITIES AND SERVICES: Availability, costs, restrictions, and location of utilities and services, including but not limited to, sewerage, sanitation, septic and leach lines, water, electricity, gas, telephone, cable TV, and drainage.

J. ENVIRONMENTAL HAZARDS: Potential environmental hazards, including but not limited to, asbestos, lead-based paint and other lead contamination, radon, methane, other gases, fuel, oil or chemical storage tanks, contaminated soil or water, hazardous waste, waste disposal sites, electromagnetic fields, nuclear sources, and other substances, including mold airborne, toxic, or otherwise), fungus or similar contaminant, materials, products, or conditions.

K. GEOLOGIC CONDITIONS: Geologic/ seismic conditions, soil and terrain stability, suitability and drainage including slippage, sliding, flooding, drainage, grading, fill (compacted or otherwise), or other soil problems.

L. NATURAL HAZARD ZONE: Special Flood Hazard Areas, Potential Flooding ( Inundation) Areas, Very High Hazard Zones, State Fire Responsibility Areas, Earthquake Fault Zones, Seismic Hazard Zones, or any other zone for which disclosure is required by Law.

M. PROPERTY DAMAGE: Major damage to the Property of any of the structures or non-structural systems and components and any personal property included in the sale from fire, earthquake, floods, landslides, or other causes.

N. NEIGHBORHOOD, AREA, AND PROPERTY CONDITIONS: Neighborhood or are conditions, including Agricultural Use Restrictions pursuant to the Williamson Act ( Government Code §§ 51200- 51295), Right to Farm Laws ( Civil Code § 3482.5 and § 3482.6), schools, proximity and adequacy of law enforcement, crime statistics, the proximity of registered felons or offenders, fire protection, other government services, availability, adequacy, and cost of any speed-wired, wireless internet connections, or other telecommunications or other technology services and installations, proximity to commercial, industrial, or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport noise, noise or odor from any source, abandoned mining operations on the Property, wild and domestic animals, other nuisances, hazards, or circumstances, protected species, wetland properties, botanical diseases, historic or other governmentally protected sites or improvements, cemeteries, facilities and condition of common areas of common interest subdivisions, and possible lack of compliance with any governing documents or Owners' Association requirements, conditions, and influences of significance to certain cultures and/or religions, and personal needs, requirements, and preferences of Buyer.

O. COMMON INTEREST SUBDIVISIONS; OWNER ASSOCIATIONS: Facilities and condition of common areas ( facilities such as pools, tennis courts, walkways, or other areas co-owned in undivided interest with others), Owners' Association that has any authority over the subject property, CC&Rs, or other deed restrictions or obligations, and possible lack of compliance with any Owners' Association requirements.

P. SPECIAL TAX: Any local agencies that levy a special tax on the Property pursuant to the Mello-Roos Community facilities Act or Improvement Bond Act of 1915.

Q. RENTAL PROPERTY RESTRICTIONS: Some cities and counties impose restrictions that limit the amount of rent that can be charged, the maximum number of occupants, and the right of landlord to terminate a tenancy.

R. MANUFACTURED HOME PLACEMENT: Conditions that may affect the ability to place and use a manufactured home on the Property.

16. TITLE AND VESTING:

A. Buyer shall, within the time specified in paragraph 3N(1), be provided a current Preliminary Report by the person responsible for paying for the title report in paragraph 3Q(5). If Buyer is responsible for paying, Buyer shall act diligently and in good faith to obtain such Preliminary Report within the time specified. The Preliminary Report is only an offer by the title insurer to issue a policy of title insurance and may not contain every item affecting title. The company providing the Preliminary Report shall, prior to issuing a Preliminary Report, conduct a search of the General Index for all Sellers except banks or other institutional lenders selling properties they acquired through foreclosure ( REOs), corporations, and government entities.

B. Title is taken in its present condition subject to all encumbrances, easements, covenants, conditions, restrictions, rights and other matters, whether of record or not, as of the date of Acceptance except for:( i) monetary liens of record unless Buyer is assuming those obligations or taking the Property subject to those obligations; and (ii) those matters which Seller has agreed to remove in writing. For any lien or matter not being transferred upon sale, Seller will take necessary action to deliver title free and clear of such lien or matter.

C. Seller shall within 7 Days after request, give Escrow Holder necessary information to clear title.

D. Seller shall, within the time specified in paragraph 3N(1), disclose to Buyer all matters known to Seller affecting title, whether of record or not.

E. If Buyer is a legal entity and the Property purchase price is at least $ 300,000 and the purchase price is made without a bank loan or similar form of external financing, a Geographic Targeting Order ( GTO) issued by the Financial Crimes Enforcement Network, U.S. Department of the Treasury, requires title companies to collect and report certain information about the Buyer, depending on where the Property is located. Buyer agrees to cooperate with the title company' s effort to comply with the GTO.

F. Buyer shall, after Close Of Escrow, receive a recorded grant deed or any other conveyance document required to convey title For example, for stock cooperative or tenancy in common, respectively, an assignment of stock certificate or assignment of seller's interest in the real property), including oil, mineral and water rights if currently owned by Seller. Title shall vest as designated in Buyer's vesting instructions. The recording document shall contain Buyer's post-closing mailing address to enable Buyer's receipt of the recorded conveyance document from the County Recorder. THE MANNER OF TAKING TITLE MAY HAVE SIGNIFICANT LEGAL AND TAX CONSEQUENCES. CONSULT AN APPROPRIATE PROFESSIONAL.

G. Buyer shall receive a Standard Coverage Owner's CLTA policy of title insurance. An ALTA policy or the addition of endorsements may provide greater coverage for Buyer. A title company, at Buyer' s request, can provide information about the availability, desirability, coverage, and cost of various title insurance coverages and endorsements. If Buyer desires title coverage other than that required by this paragraph, Buyer shall instruct Escrow Holder in writing and shall pay any increase in cost.

VLPA REVISED 12/24 (PAGE 9 OF 17) Buyer' s Initials / Seller' s Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (VLPA PAGE 9 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

17. TIME PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The following time periods may only be extended, altered, modified or changed by mutual written agreement. Any removal of contingencies or cancellation under this paragraph by either Buyer or Seller must be exercised in good faith and in writing (C.A.R. Form CR-B, CR-S or CC).

A. SELLER DELIVERY OF DOCUMENTS: Seller shall, within the time specified in paragraph 3N(1), Deliver to Buyer all reports, disclosures and information (" Reports") for which Seller is responsible as specified in paragraphs 9B(2), 10, 11A, 11D-J, 12A, 12B, 12C, 16A, 16D, and 36.

B. BUYER REVIEW OF DOCUMENTS; REPAIR REQUEST; CONTINGENCY REMOVAL OR CANCELLATION 1) Buyer has the time specified in paragraph 3 to: (i) perform Buyer Investigations; review all disclosures, Reports, lease documents to be assumed by Buyer pursuant to paragraph 9B(2), and other applicable information, which Buyer receives from Seller; and approve all matters affecting the Property. 2) Buyer may, within the time specified in paragraph 3L(5), request that Seller make repairs or take any other action regarding the Property ( C.A.R. Form RR). Seller has no obligation to agree to or respond to Buyer's requests ( C.A.R.

Form RR or RRRR). If Seller does not agree or does not respond, Buyer is not contractually entitled to have the repairs or other requests made and may only cancel based on contingencies in this Agreement. 3) Buyer shall, by the end of the times specified in paragraph 3L (or as Otherwise Agreed), Deliver to Seller a removal of the applicable contingency or cancellation of this Agreement (C.A.R. Form CR-B or CC). Buyer is advised not to remove contingencies related to review of documents until after the documents have been Delivered. If Delivery of any Report occurs after a contractual contingency pertaining to that Report has already been waived or removed, the Delivery of the Report does not revive the contingency.
4) Continuation of Contingency: Even after the end of the time specified in paragraph 3L and before Seller cancels, if at all, pursuant to paragraph 17C, Buyer retains the right, in writing, to either ( i) remove remaining contingencies, or ii) cancel this Agreement based on a remaining contingency. Once Buyer's written removal of all contingencies is Delivered to Seller, Seller may not cancel this Agreement pursuant to paragraph 17C(1).

C. SELLER RIGHT TO CANCEL:
1) SELLER RIGHT TO CANCEL; BUYER CONTINGENCIES: If, by the time specified in this Agreement, Buyer does not Deliver to Seller a removal of the applicable contingency or cancellation of this Agreement, then Seller, after first Delivering to Buyer a Notice to Buyer to Perform ( C.A.R. Form NBP), may cancel this Agreement. In such event, Seller shall authorize the return of Buyer's deposit, except for fees incurred by Buyer. 2) SELLER RIGHT TO CANCEL; BUYER CONTRACT OBLIGATIONS: Seller, after first Delivering to Buyer a Notice to Buyer to Perform, may cancel this Agreement if, by the time specified in this Agreement, Buyer does not take the following action(s):
i) Deposit funds as required by paragraph 3D(1) or 3D(2) or if the funds deposited pursuant to paragraph 3D(1) or 3D(2) are not good when deposited;( ii) Deliver updated contact information for Buyer's lender(s) as required by paragraph 5C(3); iii) Deliver verification, or a satisfactory verification if Seller reasonably disapproves of the verification already provided, as required by paragraph 5B or 6A;( iv) Deliver a letter as required by paragraph 6B;( v) In writing assume or accept leases or liens specified in paragraph 8J;( vi) Cooperate with the title company' s effort to comply with the GTO as required by paragraph 16E;( vii) Sign or initial a separate liquidated damages form for an increased deposit as required by paragraph 37;( viii) Provide evidence of authority to Sign in a representative capacity as specified in paragraph 36; or (ix) Perform any additional Buyer contractual obligation( s) included in this Agreement. In such event, Seller shall authorize the return of Buyer's deposit, except for fees allocated to Seller in this Agreement and already paid by Escrow prior to cancellation of this Agreement and notification to Escrow.
3) SELLER RIGHT TO CANCEL; SELLER CONTINGENCIES: Seller may cancel this Agreement by good faith exercise of any Seller contingency included in this Agreement, or Otherwise Agreed, so long as that contingency has not already been removed or waived in writing.

D. BUYER RIGHT TO CANCEL:
1) BUYER RIGHT TO CANCEL; SELLER CONTINGENCIES: If, by the time specified in this Agreement, Seller does not Deliver to Buyer a removal of the applicable contingency or cancellation of this Agreement, then Buyer, after first Delivering to Seller a Notice to Seller to Perform ( C.A.R. Form NSP), may cancel this Agreement. In such event, Seller shall authorize the return of Buyer's deposit, except for fees allocated to Seller in the Agreement and already paid by Escrow prior to cancellation of this Agreement and notification to Escrow. 2) BUYER RIGHT TO CANCEL; SELLER CONTRACT OBLIGATIONS: If, by the time specified, Seller has not Delivered any item specified in paragraph 3N(1) or Seller has not performed any Seller contractual obligation included in this Agreement by the time specified, Buyer, after first Delivering to Seller a Notice to Seller to Perform, may cancel this Agreement. 3) BUYER RIGHT TO CANCEL; BUYER CONTINGENCIES: Buyer may cancel this Agreement by good faith exercise of any Buyer contingency included in paragraph 8, or Otherwise Agreed, so long as that contingency has not already been removed in writing.

E. NOTICE TO BUYER OR SELLER TO PERFORM: The Notice to Buyer to Perform or Notice to Seller to Perform shall:( i) be in writing;( ii) be Signed by the applicable Buyer or Seller; and (iii) give the other Party at least 2 Days after Delivery ( or until the time specified in the applicable paragraph, whichever occurs last) to take the applicable action. A Notice to Buyer to Perform or Notice to Seller to Perform may not be Delivered any earlier than 2 Days prior to the Scheduled Performance Day to remove a contingency or cancel this Agreement or meet an obligation specified in paragraph 17, except for Close of Escrow which shall be Delivered under the terms of paragraph 17G, whether or not the Scheduled Performance Day falls on a Saturday, or Sunday or legal holiday. If a Notice to Buyer to Perform or Notice to Seller to Perform is incorrectly Delivered or specifies a time less than the agreed time, the notice shall be deemed invalid and void. However, if the notice is for multiple items, the notice shall be valid for all contingencies and contractual actions for which the Delivery of the notice is within the time permitted in the Agreement and void as to the others. Seller or Buyer shall be required to Deliver a new Notice to Buyer to Perform or Notice to Seller to Perform with the specified timeframe.

F. EFFECT OF REMOVAL OF CONTINGENCIES:
1) REMOVAL OF BUYER CONTINGENCIES: If Buyer removes any contingency or cancellation rights, unless Otherwise Agreed, Buyer shall conclusively be deemed to have:( i) completed all Buyer Investigations, and review of Reports and other applicable information and disclosures pertaining to that contingency or cancellation right;( ii) elected to proceed with the transaction; and ( iii) assumed all liability, responsibility and expense for the non-delivery of any Reports, disclosures or information outside of Seller's control and for any Repairs or corrections pertaining to that contingency or cancellation right, or for the inability to obtain financing. 2) REMOVAL OF SELLER CONTINGENCIES: If Seller removes any contingency or cancellation rights, unless Otherwise Agreed, Seller shall conclusively be deemed to have:( i) satisfied themselves regarding such contingency,( ii) elected to proceed with the transaction; and (iii) given up any right to cancel this Agreement based on such contingency.

VLPA REVISED 12/24 (PAGE 10 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 10 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

G. DEMAND TO CLOSE ESCROW: Before Buyer or Seller may cancel this Agreement for failure of the other Party to close escrow pursuant to this Agreement, Buyer or Seller must first Deliver to the other Party a Demand to Close Escrow ( C.A.R.

Form DCE). The DCE shall:( i) be Signed by the applicable Buyer or Seller; and (ii) give the other Party at least 3 Days after Delivery to close escrow. A DCE may not be Delivered any earlier than 3 Days prior to the Scheduled Performance Day for the Close Of Escrow. If a DCE is incorrectly Delivered or specifies a time less than the agreed time, the DCE shall be deemed invalid and void and Seller or Buyer shall be required to Deliver a new DCE.

H. EFFECT OF CANCELLATION ON DEPOSITS: If Buyer or Seller gives written notice of cancellation pursuant to rights duly exercised under the terms of this Agreement, the Parties agree to Sign and Deliver mutual instructions to cancel the sale and escrow and release deposits, if any, to the Party entitled to the funds, less (i) fees and costs paid by Escrow Holder on behalf of that Party, if required by this Agreement; and (ii) any escrow fee charged to that party. Fees and costs may be payable to service providers and vendors for services and products provided during escrow. A release of funds will require mutual Signed release instructions from the Parties, judicial decision or arbitration award. A Party may be subject to a civil penalty of up to $1,000 for refusal to Sign cancellation instructions if no good faith dispute exists as to which Party is entitled to the deposited funds (Civil Code § 1057.3). Note: Neither Agents nor Escrow Holder are qualified to provide any opinion on whether either Party has acted in good faith or which Party is entitled to the deposited funds. Buyer and Seller are advised to seek the advice of a qualified California real estate attorney regarding this matter.

18. REPAIRS: Repairs shall be completed prior to final verification of condition unless Otherwise Agreed. Repairs to be performed at Seller's expense may be performed by Seller or through others, provided that the work complies with applicable Law, including governmental permit, inspection and approval requirements. Repairs shall be performed in a good, skillful manner with materials of quality and appearance comparable to existing materials. Buyer acknowledges that exact restoration of appearance or cosmetic items following all Repairs may not be possible. Seller shall:( i) obtain invoices and paid receipts for Repairs performed by others; ii) prepare a written statement indicating the Repairs performed by Seller and the date of such Repairs; and (iii) provide Copies of invoices and paid receipts and statements to Buyer prior to final verification of condition.

19. FINAL VERIFICATION OF CONDITION: Buyer shall have the right to make a final verification of the Property condition within the time specified in paragraph 3J, NOT AS A CONTINGENCY OF THE SALE, but solely to confirm:( i)the Property is maintained pursuant to paragraph 7B;( ii) Repairs have been completed as agreed; and (iii) Seller has complied with Seller's other obligations under this Agreement ( C.A.R. Form VP).

20. PRORATIONS OF PROPERTY TAXES AND OTHER ITEMS: Unless Otherwise Agreed, the following items shall be PAID CURRENT and prorated between Buyer and Seller as of Close Of Escrow: real property taxes and assessments, interest, Seller rental payments, HOA regular assessments due prior to Close Of Escrow, premiums on insurance assumed by Buyer, payments on bonds and assessments assumed by Buyer, and payments on Mello-Roos and other Special Assessment District bonds and assessments that are now a lien. Seller shall pay any HOA special or emergency assessments due prior to Close Of Escrow. The following items shall be assumed by Buyer WITHOUT CREDIT toward the purchase price: prorated payments on Mello-Roos and other Special Assessment District bonds and assessments and HOA special or emergency assessments that are due after Close Of Escrow. Property will be reassessed upon change of ownership. Any supplemental tax bills delivered to Escrow Holder prior to closing shall be prorated and paid as follows:( i) for periods after Close Of Escrow, by Buyer; and (ii) for periods prior to Close Of Escrow, by Seller ( see C.A.R.

Form SPT or SBSA for further information). Seller agrees all service fees, maintenance costs and utility bills will be paid current up and through the date of Close Of Escrow. TAX BILLS AND UTILITY BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER. Prorations shall be made based on a 30-day month.

21. BROKERS AND AGENTS:

A. COMPENSATION:
1) Timing of Broker Compensation: Seller or Buyer, or both, as applicable, agree to pay compensation to Broker as specified in a separate written agreement between Broker and that Seller or Buyer. Compensation is payable upon Close Of Escrow, or if escrow does not close, as otherwise specified in the agreement between Broker and that Seller or Buyer. 2) Buyer Representation; Seller Payment to Compensate Buyer' s Broker: Buyer affirmatively represents that Buyer, at the time this offer is made, has a written agreement with Buyer's Broker that:( i)is valid;( ii) covers the Property; and (iii) provides for compensation for no less than the amount stated in paragraph 3G(3). If any representation ( i)-(iii) is not true, then Seller has no obligation to pay Buyer's Broker. The amount of compensation, if a percentage, will be based on the final purchase price. Buyer' s obligation to pay Buyer's Broker shall be offset by any amount that Seller pays Buyer's Broker 3) Third party beneficiary: Seller acknowledges and agrees that Buyer's Broker is a third-party beneficiary of this agreement and may pursue Seller for failure to pay the amount specified in this document.

B. SCOPE OF DUTY: Buyer and Seller acknowledge and agree that Agent:( i) Does not decide what price Buyer should pay or Seller should accept;( ii) Does not guarantee the condition of the Property;( iii) Does not guarantee the performance, adequacy or completeness of inspections, services, products or repairs provided or made by Seller or others;( iv) Does not have an obligation to conduct an inspection of common areas or areas off the site of the Property;( v) Shall not be responsible for identifying defects on the Property, in common areas, or offsite unless such defects are visually observable by an inspection of reasonably accessible areas of the Property or are known to Agent;( vi) Shall not be responsible for inspecting public records or permits concerning the title or use of Property;( vii) Shall not be responsible for identifying the location of boundary lines or other items affecting title;( viii) Shall not be responsible for verifying square footage, representations of others or information contained in Investigation reports, Multiple Listing Service, advertisements, flyers or other promotional material;( ix) Shall not be responsible for determining the fair market value of the Property or any personal property included in the sale;( x) Shall not be responsible for providing legal or tax advice regarding any aspect of a transaction entered into by Buyer or Seller; and (xi) Shall not be responsible for providing other advice or information that exceeds the knowledge, education and experience required to perform real estate licensed activity.

Buyer and Seller agree to seek legal, tax, insurance, title and other desired assistance from appropriate professionals.

C. BROKERAGE: Neither Buyer nor Seller has utilized the services of, or for any other reason owes compensation to, a licensed real estate broker ( individual or corporate), agent, finder, or other entity, other than as specified in this Agreement, in connection with any act relating to the Property, including, but not limited to, inquiries, introductions, consultations, and negotiations leading to this Agreement. Buyer and Seller each agree to indemnify and hold the other, the Brokers specified herein and their agents, harmless from and against any costs, expenses or liability for compensation claimed inconsistent with the warranty and representation in this paragraph.

VLPA REVISED 12/24 (PAGE 11 OF 17) Buyer' s Initials / Seller' s Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 11 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

22. JOINT ESCROW INSTRUCTIONS TO ESCROW HOLDER:

A. ESCROW INSTRUCTION PARAGRAPHS: The following paragraphs, or applicable portions thereof, of this Agreement constitute the joint escrow instructions of Buyer and Seller to Escrow Holder, which Escrow Holder is to use along with any related counter offers and addenda, and any additional mutual instructions to close the escrow: paragraphs 1, 3A, 3B, 3D-G, 3N(2), 3Q, 3S, 4A, 4B, 5A(1-2), 5D, 5E, 11A, 11E(2), 16 (except 16D), 17H, 20, 21A, 22, 26, 32, 35, 36, 40, and 41. If a Copy of the separate compensation agreement(s) provided for in paragraph 21A is deposited with Escrow Holder by Agent, Escrow Holder shall accept such agreement( s) and pay out from Buyer's or Seller' s funds, or both, as applicable, the Broker's compensation provided for in such agreement( s). The terms and conditions of this Agreement not set forth in the specified paragraphs are additional matters for the information of Escrow Holder, but about which Escrow Holder need not be concerned.

B. ESCROW HOLDER GENERAL PROVISIONS: Buyer and Seller will receive Escrow Holder's general provisions, if any, directly from Escrow Holder. To the extent the general provisions are inconsistent or conflict with this Agreement, the general provisions will control as to the duties and obligations of Escrow Holder only. Buyer and Seller shall Sign and return Escrow Holder's general provisions or supplemental instructions within the time specified in paragraph 3N(2). Buyer and Seller shall execute additional instructions, documents and forms provided by Escrow Holder that are reasonably necessary to close the escrow and, as directed by Escrow Holder, within 3 Days, shall pay to Escrow Holder or HOA or HOA management company or others any fee required by paragraphs 3, 8, 11, or elsewhere in this Agreement.

C. COPIES; STATEMENT OF INFORMATION; TAX WITHHOLDING INSTRUCTIONS: A Copy of this Agreement including any counter offer(s) and addenda shall be delivered to Escrow Holder within 3 Days after Acceptance. Buyer and Seller authorize Escrow Holder to accept and rely on Copies and Signatures as defined in this Agreement as originals, to open escrow and for other purposes of escrow. The validity of this Agreement as between Buyer and Seller is not affected by whether or when Escrow Holder Signs this Agreement. Escrow Holder shall provide Seller's Statement of Information to Title Company when received from Seller, if a separate company is providing title insurance. If Seller delivers an affidavit to Escrow Holder to satisfy Seller's FIRPTA obligation under paragraph 11A, Escrow Holder shall deliver to Buyer, Buyer' s Agent, and Seller's Agent a Qualified Substitute statement that complies with federal Law. If Escrow Holder's Qualified Substitute statement does not comply with federal law, the Parties instruct escrow to withhold all applicable required amounts under paragraph 11A.

D. BROKER COMPENSATION:
1) Payment: Agents are not a party to the escrow except for the sole purpose of receiving compensation pursuant to paragraph 21A. If a Copy of the separate compensation agreement( s) is deposited with Escrow Holder by Agent, Escrow Holder shall accept such agreement( s) and pay out from Buyer's or Seller's funds, or both, as applicable, the Broker's compensation provided for in such agreement( s). Buyer and Seller irrevocably assign to Brokers compensation specified in paragraph 21A, and irrevocably instruct Escrow Holder to disburse those funds to Brokers at Close Of Escrow or pursuant to any other mutually executed cancellation agreement. Compensation instructions can be amended or revoked only with the written consent of Brokers. Buyer and Seller shall release and hold harmless Escrow Holder from any liability resulting from Escrow Holder's payment to Broker( s) of compensation pursuant to this Agreement. 2) Compensation Disclosure: Escrow Holder shall provide to Buyer a closing statement or other written documentation disclosing the amount of compensation paid to Buyer's Broker. Escrow Holder shall provide to Seller a closing statement or other written documentation disclosing:( i)the amount of compensation paid to Seller's Broker; and (ii) if applicable pursuant to paragraph 3G(3) or other mutual instruction of the parties, the amount paid by Seller for Buyer's Broker compensation.

Escrow Holder's obligation pursuant to paragraph 21D, is not intended to alter any preexisting practice of Escrow Holder to issue, as applicable, joint or separate closing statements. Escrow Holder's obligation pursuant to paragraph 21D is independent of, but may be satisfied by, any closing statement mandated by Buyer's lender.

E. INVOICES: Buyer and Seller acknowledge that Escrow Holder may require invoices for expenses under this Agreement.

Buyer and Seller, upon request by Escrow Holder, within 3 Days or within a sufficient time to close escrow, whichever is sooner, shall provide any such invoices to Escrow Holder.

F. VERIFICATION OF DEPOSIT: Upon receipt, Escrow Holder shall provide Buyer, Seller, and each Agent verification of Buyer' s deposit of funds pursuant to paragraph 5A(1) and C.A.R. Form IDA. Once Escrow Holder becomes aware of any of the following, Escrow Holder shall immediately notify each Agent:( i)if Buyer's initial or any additional deposit or down payment is not made pursuant to this Agreement, or is not good at time of deposit with Escrow Holder; or (ii) if Buyer and Seller instruct Escrow Holder to cancel escrow.

G. DELIVERY OF AMENDMENTS: A Copy of any amendment that affects any paragraph of this Agreement for which Escrow Holder is responsible shall be delivered to Escrow Holder within 3 Days after mutual execution of the amendment.

23. SELECTION OF SERVICE PROVIDERS: Agents do not guarantee the performance of any vendors, service or product providers Providers”), whether referred by Agent or selected by Buyer, Seller or other person. Buyer and Seller may select ANY Providers of their own choosing.

24. MULTIPLE LISTING SERVICE (“ MLS”): Agents are authorized to report to the MLS that an offer has been accepted and, upon Close Of Escrow, the sales price and other terms of this transaction shall be provided to the MLS to be published and disseminated to persons and entities authorized to use the information on terms approved by the MLS. Buyer acknowledges that:( i) any pictures, videos, floor plans ( collectively, “ Images”) or other information about the Property that has been or will be inputted into the MLS or internet portals, or both, at the instruction of Seller or in compliance with MLS rules, will not be removed after Close Of Escrow;( ii) California Civil Code § 1088(c) requires the MLS to maintain such Images and information for at least three years and as a result they may be displayed or circulated on the Internet, which cannot be controlled or removed by Seller or Agents; and ( iii) Seller, Seller's Agent, Buyer's Agent, and MLS have no obligation or ability to remove such Images or information from the Internet.

25. ATTORNEY FEES AND COSTS: In any action, proceeding, or arbitration between Buyer and Seller arising out of this Agreement, the prevailing Buyer or Seller shall be entitled to reasonable attorney fees and costs from the non-prevailing Buyer or Seller, except as provided in paragraph 38A.

VLPA REVISED 12/24 (PAGE 12 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (VLPA PAGE 12 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

26. ASSIGNMENT/ NOMINATION: Buyer shall have the right to assign all of Buyer's interest in this Agreement to Buyer's own trust or to any wholly owned entity of Buyer that is in existence at the time of such assignment. Otherwise, Buyer shall not assign all or any part of Buyer's interest in this Agreement without first having obtained the separate written consent of Seller to a specified assignee. Such consent shall not be unreasonably withheld. Prior to any assignment, Buyer shall disclose to Seller the name of the assignee and the amount of any monetary consideration between Buyer and assignee. Buyer shall provide assignee with all documents related to this Agreement including, but not limited to, the Agreement and any disclosures. If assignee is a wholly owned entity or trust of Buyer, that assignee does not need to re-sign or initial all documents provided. Whether or not an assignment requires seller's consent, at the time of assignment, assignee shall deliver a letter from assignee's lender that assignee is prequalified or preapproved as specified in paragraph 6B. Should assignee fail to deliver such a letter, Seller, after first giving Assignee an Notice to Buyer to Perform, shall have the right to terminate the assignment. Buyer shall, within the time specified in paragraph 3K, Deliver any request to assign this Agreement for Seller's consent. If Buyer fails to provide the required information within this time frame, Seller's withholding of consent shall be deemed reasonable. Any total or partial assignment shall not relieve Buyer of Buyer's obligations pursuant to this Agreement unless Otherwise Agreed by Seller ( C.A.R. Form AOAA). Parties shall provide any assignment agreement to Escrow Holder within 1 Day after the assignment. Any nomination by Buyer shall be subject to the same procedures, requirements, and terms as an assignment as specified in this paragraph.

27. SUCCESSORS AND ASSIGNS: This Agreement shall be binding upon, and inure to the benefit of, Buyer and Seller and their respective successors and assigns, except as otherwise provided herein.

28. ENVIRONMENTAL HAZARD CONSULTATION: Buyer and Seller acknowledge:( i) Federal, state, and local legislation impose liability upon existing and former owners and users of real property, in applicable situations, for certain legislatively defined, environmentally hazardous substances;( ii) Agent( s) has/have made no representation concerning the applicability of any such Law to this transaction or to Buyer or to Seller, except as otherwise indicated in this Agreement;( iii) Agent( s) has/have made no representation concerning the existence, testing, discovery, location, and evaluation of/for, and risks posed by, environmentally hazardous substances, if any, located on or potentially affecting the Property; and (iv) Buyer and Seller are each advised to consult with technical and legal experts concerning the existence, testing, discover, location and evaluation of/for, and risks posed by, environmentally hazardous substances, in any, located on or potentially affecting the Property.

29. AMERICANS WITH DISABILITIES ACT: The Americans With Disabilities Act (“ ADA”) prohibits discrimination against individuals with disabilities. The ADA affects almost all commercial facilities and public accommodations. Residential properties are not typically covered by the ADA, but may be governed by its provisions if used for certain purposes. The ADA can require, among other things, that building be made readily accessible to the disabled. Different requirements apply to new construction, alterations to existing buildings, and removal of barriers in existing buildings. Compliance with the ADA may require significant costs. Monetary and injunctive remedies may be incurred if the Property is not in compliance. A real estate broker or agent does not have the technical expertise to determine whether a building is in compliance with ADA requirements, or to advise a principal on those requirements. Buyer and Seller are advised to contact a qualified California real estate attorney, contractor, architect, engineer, or other qualified professional of Buyer or Seller's own choosing to determine to what degree, if any, the ADA impacts that principal or this transaction.

30. EQUAL HOUSING OPPORTUNITY: The Property is sold in compliance with federal, state and local anti-discrimination Laws.

31. COPIES: Seller and buyer each represent that Copies of all reports, certificates, approvals, and other documents that are furnished to the other are true, correct, and unaltered Copies of the original documents, if the originals are in the possession of the furnishing party.

32. DEFINITIONS and INSTRUCTIONS: The following words are defined terms in this Agreement, shall be indicated by initial capital letters throughout this Agreement, and have the following meaning whenever used:

A. “ Acceptance” means the time the offer or final counter offer is fully executed, in writing, by the recipient Party and is Delivered to the offering Party or that Party's Authorized Agent.

B. “ Agent” means the Broker, salesperson, broker-associate or any other real estate licensee licensed under the brokerage firm identified in paragraph 2B.

C.“ Agreement” means this document and any counter offers and any incorporated addenda or amendments, collectively forming the binding agreement between the Parties. Addenda and amendments are incorporated only when Signed and Delivered by all Parties.

D.“ As-Is” condition: Seller shall disclose known material facts and defects as specified in this Agreement. Buyer has the right to inspect the Property and, within the time specified, request that Seller make repairs or take other corrective action, or exercise any contingency cancellation rights in this Agreement. Seller is only required to make repairs specified in this Agreement or as Otherwise Agreed.

E. “ Authorized Agent” means an individual real estate licensee specified in the Real Estate Broker Section.

F. “ C.A.R. Form” means the most current version of the specific form referenced or another comparable form agreed to by the Parties.

G.“ Close Of Escrow”, including “ COE”, means the date the grant deed, or other evidence of transfer of title, is recorded for any real property, or the date of Delivery of a document evidencing the transfer of title for any non-real property transaction.

H. “ Copy” means copy by any means including photocopy, facsimile and electronic.

I. Counting Days is done as follows unless Otherwise Agreed: ( 1) The first Day after an event is the first full calendar date following the event, and ending at 11:59 pm. For example, if a Notice to Buyer to Perform ( C.A.R. form NBP) is Delivered at 3 pm on the 7th calendar day of the month, or Acceptance of a counter offer is personally received at 12 noon on the 7th calendar day of the month, then the 7th is Day “ 0” for purposes of counting days to respond to the NBP or calculating the Close Of Escrow date or contingency removal dates and the 8th of the month is Day 1 for those same purposes. ( 2) All calendar days are counted in establishing the first Day after an event. ( 3) All calendar days are counted in determining the date upon which performance must be completed, ending at 11:59 pm on the last day for performance (“ Scheduled Performance Day”). (4) After Acceptance, if the Scheduled Performance Day for any act required by this Agreement, including Close Of Escrow, lands on a Saturday, Sunday, or Legal Holiday, the performing party shall be allowed to perform on the next day that is not a Saturday, Sunday or Legal Holiday (“ Allowable Performance Day”), and ending at 11:59 pm. “Legal Holiday” shall mean any holiday or optional bank holiday under Civil Code §§ 7 and 7.1 and any holiday under Government Code § 6700. (5) For the purposes of COE, any day that the Recorder' s office in the County where the Property is located is closed or any day that the lender or Escrow Holder under this Agreement is closed, the COE shall occur on the next day the Recorder' s office in that County, the lender, and the Escrow Holder are open. (6) COE is considered Day 0 for purposes of counting days Seller is allowed to remain in possession, if permitted by this Agreement.

J. “ Day" or "Days” means calendar day or days. However, delivery of deposit to escrow is based on business days.

VLPA REVISED 12/24 (PAGE 13 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (VLPA PAGE 13 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

K. “ Deliver”, “ Delivered” or “ Delivery” of documents, unless Otherwise Agreed, means and shall be effective upon personal receipt of the document by Buyer or Seller or their Authorized Agent. Personal receipt means (i)a Copy of the document, or as applicable, link to the document, is in the possession of the Party or Authorized Agent, regardless of the Delivery method used (i.e. e-mail, text, other). A document, or as applicable link to a document, shall be deemed to be “in possession” if it is located in the inbox for the applicable Party or Authorized Agent; or (ii) an electronic Copy of the document, or as applicable, link to the document, has been sent to the designated electronic delivery address specified in the Real Estate Broker Section unless Otherwise Agreed in C.A.R. Form DEDA. After Acceptance, Agent may change the designated electronic delivery address for that Agent by, in writing, Delivering notice of the change in designated electronic delivery address to the other Party (C.A.R. Form DEDA). Links could be, for example, to DropBox or GoogleDrive or other functionally equivalent program. If the recipient of a link is unable or unwilling to open the link or download the documents or otherwise prefers Delivery of the documents directly, Recipient of a link shall notify the sender in writing, within 3 Days after Delivery of the link (C.A.R. Form RFR). In such case, Delivery shall be effective upon Delivery of the documents and not the link. Failure to notify sender within the time specified above shall be deemed consent to receive, and Buyer opening, the document by link.

L. “ Electronic Copy” or “ Electronic Signature” means, as applicable, an electronic copy or signature complying with California Law. Unless Otherwise Agreed, Buyer and Seller agree to the use of Electronic Signatures. Buyer and Seller agree that electronic means will not be used by either Party to modify or alter the content or integrity of this Agreement without the knowledge and consent of the other Party.

M.“ Law” means any law, code, statute, ordinance, regulation, rule or order, which is adopted by a controlling city, county, state or federal legislative, judicial or executive body or agency.

N. " Legally Authorized Signer" means an individual who has authority to Sign for the principal as specified in paragraph 40 or paragraph 41.

O. “ Otherwise Agreed” means an agreement in writing, signed by both Parties and Delivered to each.

P. “ Repairs” means any repairs ( including pest control), alterations, replacements, modifications or retrofitting of the Property provided for under this Agreement.

Q. " Sign" or “Signed” means either a handwritten or Electronic Signature on an original document, Copy or any counterpart.

33. FAIR APPRAISAL ACT NOTICE:

A. Any appraisal of the property is required to be unbiased, objective, and not influenced by improper or illegal considerations, including, but not limited to, any of the following: race, color, religion ( including religious dress, grooming practices, or both), gender ( including, but not limited to, pregnancy, childbirth, breastfeeding, and related conditions, and gender identity and gender expression), sexual orientation, marital status, medical condition, military or veteran status, national origin (including language use and possession of a driver's license issued to persons unable to provide their presence in the United States is authorized under federal law), source of income, ancestry, disability ( mental and physical, including, but not limited to, HIV/AIDS status, cancer diagnosis, and genetic characteristics), genetic information, or age.

B. If a buyer or seller believes that the appraisal has been influenced by any of the above factors, the seller or buyer can report this information to the lender or mortgage broker that retained the appraiser and may also file a complaint with the Bureau of Real Estate Appraisers at https://www2.brea.ca.gov/complaint/ or call (916) 552-9000 for further information on how to file a complaint.

34. TERMS AND CONDITIONS OF OFFER: This is an offer to purchase the Property on the terms and conditions herein. The individual Liquidated Damages and Arbitration of Disputes paragraphs are incorporated in this Agreement if initialed by all Parties or if incorporated by mutual agreement in a Counter Offer or addendum. If at least one but not all Parties initial, a Counter Offer is required until agreement is reached. Seller has the right to continue to offer the Property for sale and to accept any other offer at any time prior to notification of Acceptance and to market the Property for backup offers after Acceptance. The Parties have read and acknowledge receipt of a Copy of the offer and agree to the confirmation of agency relationships. If this offer is accepted and Buyer subsequently defaults, Buyer may be responsible for payment of Brokers' compensation. This Agreement and any supplement, addendum or modification, including any Copy, may be Signed in two or more counterparts, all of which shall constitute one and the same writing. By signing this offer or any document in the transaction, the Party Signing the document is deemed to have read the document in its entirety.

35. TIME OF ESSENCE; ENTIRE CONTRACT; CHANGES: Time is of the essence. All understandings between the Parties are incorporated in this Agreement. Its terms are intended by the Parties as a final, complete and exclusive expression of their Agreement with respect to its subject matter and may not be contradicted by evidence of any prior agreement or contemporaneous oral agreement. If any provision of this Agreement is held to be ineffective or invalid, the remaining provisions will nevertheless be given full force and effect. Except as Otherwise Agreed, this Agreement shall be interpreted, and disputes shall be resolved in accordance with the Laws of the State of California. Neither this Agreement nor any provision in it may be extended, amended, modified, altered or changed, except in writing Signed by Buyer and Seller.

36. LEGALLY AUTHORIZED SIGNER: Wherever the signature or initials of the Legally Authorized Signer identified in paragraph 40 and 41 appear on this Agreement or any related documents, it shall be deemed to be in a representative capacity for the entity described and not in an individual capacity, unless otherwise indicated. The Legally Authorized Signer (i)represents that the entity for which that person is acting already exists and is in good standing to do business in California and (ii) shall Deliver to the other Party and Escrow Holder, as specified in paragraph 3N(4), evidence of authority to act in that capacity ( such as but not limited to:
applicable portion of the trust or Certification Of Trust ( Probate Code § 18100.5), letters testamentary, court order, power of attorney, corporate resolution, or formation documents of the business entity).

37. LIQUIDATED DAMAGES:

If Buyer fails to complete this purchase because of Buyer's default, Seller shall retain, as liquidated damages, the deposit actually paid. Release of funds will require mutual, Signed release instructions from both Buyer and Seller, judicial decision or arbitration award. AT THE TIME OF ANY INCREASED DEPOSIT BUYER AND

SELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION INCORPORATING THE INCREASED DEPOSIT AS LIQUIDATED DAMAGES ( C.A.R. FORM DID).

Buyer' s Initials / Seller' s Initials /
VLPA REVISED 12/24 (PAGE 14 OF 17) Buyer' s Initials / Seller's Initials / VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 14 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

38. MEDIATION:

A. The Parties agree to mediate any dispute or claim arising between them out of this Agreement, or any resulting transaction, before resorting to arbitration or court action. The mediation shall be conducted through the C.A.R. Real Estate Mediation Center for Consumers ( www.consumermediation. org) or through any other mediation provider or service mutually agreed to by the Parties.

The Parties also agree to mediate any disputes or claims with Agents(s), who, in writing, agree to such mediation prior to, or within a reasonable time after, the dispute or claim is presented to the Agent. Mediation fees, if any, shall be divided equally among the Parties involved, and shall be recoverable under the prevailing party attorney fees clause. If, for any dispute or claim to which this paragraph applies, any Party (i) commences an action without first attempting to resolve the matter through mediation, or (ii) before commencement of an action, refuses to mediate after a request has been made, then that Party shall not be entitled to recover attorney fees, even if they would otherwise be available to that Party in any such action. THIS MEDIATION PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS INITIALED.

B. ADDITIONAL MEDIATION TERMS: ( i) Exclusions from this mediation agreement are specified in paragraph 39B; ( ii) The obligation to mediate does not preclude the right of either Party to seek a preservation of rights under paragraph 39C; and (iii) Agent' s rights and obligations are further specified in paragraph 39D.

39. ARBITRATION OF DISPUTES:

A. The Parties agree that any dispute or claim in Law or equity arising between them out of this Agreement or any resulting transaction, which is not settled through mediation, shall be decided by neutral, binding arbitration. The Parties also agree to arbitrate any disputes or claims with Agents( s), who, in writing, agree to such arbitration prior to, or within a reasonable time after, the dispute or claim is presented to the Agent. The arbitration shall be conducted through any arbitration provider or service mutually agreed to by the Parties. The arbitrator shall be a retired judge or justice, or an attorney with at least 5 years of transactional real estate Law experience, unless the Parties mutually agree to a different arbitrator. Enforcement of, and any motion to compel arbitration pursuant to, this agreement to arbitrate shall be governed by the procedural rules of the Federal Arbitration Act, and not the California Arbitration Act, notwithstanding any language seemingly to the contrary in this Agreement. The Parties shall have the right to discovery in accordance with Code of Civil Procedure § 1283.05. The arbitration shall be conducted in accordance with Title 9 of Part 3 of the Code of Civil Procedure. Judgment upon the award of the arbitrator( s) may be entered into any court having jurisdiction.

B. EXCLUSIONS: The following matters are excluded from mediation and arbitration: ( i) Any matter that is within the jurisdiction of a probate, small claims or bankruptcy court; (ii) an unlawful detainer action; and (iii) a judicial or nonjudicial foreclosure or other action or proceeding to enforce a deed of trust, mortgage or installment land sale contract as defined in Civil Code § 2985.

C. PRESERVATION OF ACTIONS: The following shall not constitute a waiver nor violation of the mediation and arbitration provisions: ( i) the filing of a court action to preserve a statute of limitations; ( ii) the filing of a court action to enable the recording of a notice of pending action, for order of attachment, receivership, injunction, or other provisional remedies, provided the filing party concurrent with, or immediately after such filing, makes a request to the court for a stay of litigation pending any applicable mediation or arbitration proceeding; or (iii) the filing of a mechanic' s lien.

D. AGENTS: Agents shall not be obligated nor compelled to mediate or arbitrate unless they agree to do so in writing.

Any Agents(s) participating in mediation or arbitration shall not be deemed a party to this Agreement.

E. “ NOTICE: BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING

OUT OF THE MATTERS INCLUDED IN THE ' ARBITRATION OF DISPUTES' PROVISION DECIDED BY

NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP ANY RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY INITIALING IN

THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO DISCOVERY AND APPEAL,

UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE ' ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU

MAY BE COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS ARBITRATION PROVISION IS VOLUNTARY.”

WE HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN THE 'ARBITRATION OF DISPUTES' PROVISION TO NEUTRAL ARBITRATION.” Buyer' s Initials / Seller' s Initials /
VLPA REVISED 12/24 (PAGE 15 OF 17)
VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 15 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

40. OFFER
A. EXPIRATION OF OFFER: This offer shall be deemed revoked and the deposit, if any, shall be returned to Buyer unless by the date and time specified in paragraph 3C, the offer is Signed by Seller and a Copy of the Signed offer is Delivered to Buyer or Buyer' s Authorized Agent. Seller has no obligation to respond to an offer made.

B. ENTITY BUYERS: ( Note: If this paragraph is completed, a Representative Capacity Signature Disclosure ( C.A.R.

Form RCSD) is not required for the Legally Authorized Signers designated below.) 1) Non-Individual ( entity) Buyers: One or more Buyers is a trust, corporation, LLC, probate estate, partnership, holding a power of attorney or other entity.
2) Full entity name: The following is the full name of the entity ( if a trust, enter the complete trust name; if under probate, enter full name of the estate, including case #):
3) Contractual Identity of Buyer: For purposes of this Agreement, when the name described below is used, it shall be deemed to be the full entity name.

A) If a trust: The trustee( s) of the trust or a simplified trust name ( ex. John Doe, co-trustee, Jane Doe, co-trustee or Doe Revocable Family Trust);
B) If Property is sold under the jurisdiction of a probate court: The name of the executor or administrator, or a simplified probate name (John Doe, executor, or Estate ( or Conservatorship) of John Doe). 4) Legally Authorized Signer:

A) This Agreement is being Signed by a Legally Authorized Signer in a representative capacity and not for him/herself as an individual. See paragraph 36 for additional terms.

B) The name(s) of the Legally Authorized Signer(s) is/are: , .

C. The VLPA has 17 pages. Buyer acknowledges receipt of, and has read and understands, every page and all attachments that make up the Agreement.

D. BUYER SIGNATURE( S):

Signature) By, Date:

Printed name of BUYER:

Printed Name of Legally Authorized Signer: Title, if applicable, Signature) By, Date:

Printed name of BUYER:

Printed Name of Legally Authorized Signer: Title, if applicable, IF MORE THAN TWO SIGNERS, USE Additional Signature Addendum ( C.A.R. Form ASA).

41. ACCEPTANCE
A. ACCEPTANCE OF OFFER: Seller warrants that Seller is the owner of the Property or has the authority to execute this Agreement. Seller accepts the above offer and agrees to sell the Property on the above terms and conditions. Seller has read and acknowledges receipt of a Copy of this Agreement and authorizes Agent to Deliver a Signed Copy to Buyer.

Seller's acceptance is subject to the attached Counter Offer or Back-Up Offer Addendum, or both, checked below.

Seller shall return and include the entire agreement with any response.

Seller Counter Offer (C.A.R. Form SCO or SMCO)
Back-Up Offer Addendum ( C.A.R. Form BUO)
B. ENTITY SELLERS: ( Note: If this paragraph is completed, a Representative Capacity Signature Disclosure form C.A.R. Form RCSD) is not required for the Legally Authorized Signers designated below.) 1) Non-Individual ( entity) Sellers: One or more Sellers is a trust, corporation, LLC, probate estate, partnership, holding a power of attorney or other entity.
2) Full entity name: The following is the full name of the entity ( if a trust, enter the complete trust name; if under probate, enter full name of the estate, including case #):
3) Contractual Identity of Seller: For purposes of this Agreement, when the name described below is used, it shall be deemed to be the full entity name.

A) This Agreement is being Signed by a Legally Authorized Signer in a representative capacity and not for him/herself as an individual. See paragraph 36 for additional terms.

B) The name(s) of the Legally Authorized Signer(s) is/are: , .

C. The VLPA has 17 pages. Seller acknowledges receipt of, and has read and understands, every page and all attachments that make up the Agreement.

D. SELLER SIGNATURE( S):

Signature) By, Date:

Printed name of SELLER:

Printed Name of Legally Authorized Signer: Title, if applicable, Signature) By, Date:

Printed name of SELLER:

Printed Name of Legally Authorized Signer: Title, if applicable, IF MORE THAN TWO SIGNERS, USE Additional Signature Addendum ( C.A.R. Form ASA).

VLPA REVISED 12/24 (PAGE 16 OF 17)
VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (VLPA PAGE 16 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 X
The City of Lake Elsinore, a California Municipal Corporation Jason Simpson
The City of Lake Elsinore
X Jason Simpson City Manager
Ignacio M. Rodriguez
Blanca Delgado
000 Spring St.

Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E 2/ 5/ 2026
2/ 5/ 2026
Property Address: Date:

OFFER NOT ACCEPTED:______/______ No Counter Offer is being made. This offer was not accepted by Seller __________ ( date) Seller' s Initials
REAL ESTATE BROKERS SECTION:

1. Real Estate Agents are not parties to the Agreement between Buyer and Seller.

2. Agency relationships are confirmed as stated in paragraph 2.

3. Presentation of Offer: Pursuant to the National Association of REALTORS® Standard of Practice 1-7, if Buyer's Agent makes a written request, Seller's Agent shall confirm in writing that this offer has been presented to Seller.

4. Agents' Signatures and designated electronic delivery address:

A. Buyer' s Brokerage Firm DRE Lic. #
By DRE Lic. # Date
By DRE Lic. # Date
Address City State Zip
Email Phone #
More than one agent from the same firm represents Buyer. Additional Agent Acknowledgement ( C.A.R. Form AAA) attached.

More than one brokerage firm represents Buyer. Additional Broker Acknowledgement ( C.A.R. Form ABA) attached.

Designated Electronic Delivery Address(es): Email above or Attached DEDA: If Parties elect to have an alternative Delivery method, such method may be indicated on C.A.R. Form DEDA.

B. Seller's Brokerage Firm DRE Lic. #
By DRE Lic. # Date
By DRE Lic. # Date
Address City State Zip
Email Phone #
More than one agent from the same firm represents Seller. Additional Agent Acknowledgement ( C.A.R. Form AAA) attached.

More than one brokerage firm represents Seller. Additional Broker Acknowledgement ( C.A.R. Form ABA) attached.

Designated Electronic Delivery Address(es) (To be filled out by Seller' s Agent): Email above or Attached DEDA: If Parties elect to have an alternative Delivery method, such method may be indicated on C.A.R. Form DEDA.

Buyer' s Initials / Seller's Initials /
ESCROW HOLDER ACKNOWLEDGMENT:

Escrow Holder acknowledges receipt of a Copy of this Agreement, ( if checked, a deposit in the amount of $ ), Counter Offernumbers and , and agrees to act as Escrow Holder subject to paragraph 22 of this Agreement, any supplemental escrow instructions and the terms of Escrow Holder's general provisions.

Escrow Holder is advised by that the date of Acceptance of the Agreement is Escrow Holder Escrow #
By Date
Address
Phone/Fax/E-mail
Escrow Holder has the following license number #
Department of Financial Protection and Innovation, Department of Insurance, Department of Real Estate.

PRESENTATION OF OFFER:/ Seller's Brokerage Firm presented this offer to Seller on ( date).

Broker or Designee Initials
2024, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®.

Published and Distributed by: REAL ESTATE BUSINESS SERVICES, LLC. a subsidiary of the California Association of REALTORS® VLPA REVISED 12/24 (PAGE 17 OF 17)
VACANT LAND PURCHASE AGREEMENT AND JOINT ESCROW INSTRUCTIONS ( VLPA PAGE 17 OF 17) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 December 23, 2025 Allison James Estate & Homes 01885684
Jessica Small 01361340
1902 Wright Pl Suite 200 Carlsbad CA 92008
Jessica@JLSRealty. com ( 951) 757- 2112
000 Spring St.

Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/23/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E

BUYER'S VACANT LAND ADDITIONAL INSPECTION

ADVISORY
C.A.R. Form BVLIA, Revised 6/23)
Property Address: (" Property").

A. IMPORTANCE OF PROPERTY INVESTIGATION: The physical condition of the land and improvements being purchased is not guaranteed by either Seller or Brokers. For this reason, you should conduct thorough investigations of the Property personally and with professionals who should provide written reports of their investigations. A general physical inspection typically does not cover all aspects of the Property nor items affecting the Property that are not physically located on the Property. If the professionals recommend further investigations, including a recommendation by a pest control operator to inspect inaccessible areas of the Property, you should contact qualified experts to conduct such additional investigations. Additionally, some inspections, such as those listed below, may be of particular importance when purchasing vacant land.

B. BUYER RIGHTS AND DUTIES: You have an affirmative duty to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of disclosed facts, and the investigation and verification of information and facts that you know, or that are within your diligent attention and observation. The purchase agreement gives you the right to investigate the Property. If you exercise this right, and you should, you must do so in accordance with the terms of that agreement. This is the best way for you to protect yourself. It is extremely important for you to read all written reports provided by professionals and to discuss the results of inspections with the professional who conducted the inspection. You have the right to request that Seller make repairs, corrections or take other action based upon items discovered in your investigations or disclosed by Seller. If Seller is unwilling or unable to satisfy your requests, or you do not want to purchase the Property in its disclosed and discovered condition, you have the right to cancel the agreement if you act within specific time periods. If you do not perform, and you have not cancelled the agreement in a timely and proper manner, you may be in breach of contract.

C. SELLER RIGHTS AND DUTIES: Seller is required to disclose to you known material facts that affect the value or desirability of the Property. However, Seller may not be aware of some Property defects or conditions. Seller does not have an obligation to inspect the Property for your benefit nor is Seller obligated to repair, correct or otherwise cure known defects that are disclosed to you or previously unknown defects that are discovered by you or your inspectors during escrow. The purchase agreement obligates Seller to make the Property available to you for investigations.

D. BROKER OBLIGATIONS: Brokers do not have expertise in all areas and therefore cannot advise you on many items, such as soil stability, geologic or environmental conditions, hazardous or illegal controlled substances, structural conditions of the foundation or other improvements, or the condition of the roof, plumbing, heating, air conditioning, electrical, sewer, septic, waste disposal, or other system. The only way to accurately determine the condition of the Property is through an inspection by an appropriate professional selected by you. If Broker gives you referrals to such professionals, Broker does not guarantee their performance. You may select any professional of your choosing. If you have entered into a written agreement with a Broker, the specific terms of that agreement will determine the nature and extent of that Broker's duty to you. YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY. IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS.

E. YOU ARE ADVISED TO CONDUCT INVESTIGATIONS OF THE ENTIRE PROPERTY, INCLUDING, BUT NOT LIMITED TO THE FOLLOWING:

1. FINANCE: Financing the purchase of vacant land and especially financing construction loans for the improvement of vacant land can provide particular challenges, including subordination agreements and insurance requirements.

Buyer is advised to seek the assistance of reputable lenders in assistance with their decisions regarding financing of the property.

2. CONSTRUCTION COSTS: If Buyer is contemplating building improvements on the property, Buyer is advised that they will have to contact any contractors, service providers, suppliers, architects, utility companies regarding the costs of improvements. Buyer is advised to get written bids from all such persons regarding their decision to develop the property.

3. UTILITIES: Unimproved property may or may not have utilities available to the property. Buyer(s) is advised to obtain information from the public or private utility provider about the availability and cost of providing utilities to the property and whether necessary easements are in place to allow such utilities to the property.

4. ENVIRONMENTAL SURVEY: Unimproved land may have had or may have hazardous materials stored upon or under the land or been used by persons engaged in activities exposing the land to hazardous materials. The land may also be host to protected vegetation or animal life. Buyer(s) is advised to satisfy themselves as what hazards or protected plant or animal life are on the property and what impact they may have on Buyer's future plans for the property by seeking the help of a qualified professional. 2023, California Association of REALTORS®, Inc.

BVLIA REVISED 6/23 (PAGE 1 OF 2) Buyer' s Initials / Seller's Initials / BUYER' S VACANT LAND ADDITIONAL INSPECTION ADVISORY ( BVLIA PAGE 1 OF 2) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530
Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699- 9301 000 Spring St.

Jessica Small
Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E Property Address: Date:

5. NATURAL HAZARDS REPORTS: Buyer(s) is advised that while certain disclosures are required by state, federal and local laws, hazard disclosure companies can provide additional disclosures for both natural and man-made hazards or nuisances for a cost. Buyer is advised to seek the advice of a natural hazards reporting company regarding additional reports and disclosures that buyer may wish to obtain.

6. SUBDIVISION OF THE PROPERTY: If Buyer's plans include future subdivision of the property ( whether under the Subdivision Map Act of the Subdivided Lands Law) multiple, complex issues regarding city, county, state, and federal laws may be presented. Buyer is strongly advised to seek the advice of California legal counsel familiar with federal, state and local subdivision requirements.

Buyer and Seller acknowledge and agree that Broker:( i) Does not decide what price Buyer should pay or Seller should accept;( ii) Does not guarantee the condition of the Property;( iii) Does not guarantee the performance, adequacy or completeness of inspections, services, products or repairs provided or made by Seller or others;( iv) Does not have an obligation to conduct an inspection of common areas or areas off the site of the Property;( v) Shall not be responsible for identifying defects on the Property, in common areas, or offsite unless such defects are visually observable by an inspection of reasonably accessible areas of the Property or are known to Broker;( vi) Shall not be responsible for inspecting public records or permits concerning the title or use of Property;( vii) Shall not be responsible for identifying the location of boundary lines or other items affecting title;( viii) Shall not be responsible for verifying square footage, representations of others or information contained in Investigation reports, Multiple Listing Service, advertisements, flyers or other promotional material;( ix) Shall not be responsible for providing legal or tax advice regarding any aspect of a transaction entered into by Buyer or Seller; and ( x) Shall not be responsible for providing other advice or information that exceeds the knowledge, education and experience required to perform real estate licensed activity. Buyer and Seller agree to seek legal, tax, insurance, title and other desired assistance from appropriate professionals.

By signing below, Buyer and Seller each acknowledge that they have read, understand, accept and have received a Copy of this Advisory. Buyer is encouraged to read it carefully.

SELLER Date
SELLER Date
BUYER Date
BUYER Date
2023, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics.

Published and Distributed by:

REAL ESTATE BUSINESS SERVICES, LLC.
a subsidiary of the California Association of REALTORS® 525 South Virgil Avenue, Los Angeles, California 90020
BVLIA REVISED 6/23 (PAGE 2 OF 2)
BUYER'S VACANT LAND ADDITIONAL INSPECTION ADVISORY (BVLIA PAGE 2 OF 2) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530 March 21, 2025 Ignacio M. Rodriguez
Blanca Delgado
The City of Lake Elsinore
000 Spring St.

Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E 2/ 5/ 2026
2/ 5/ 2026

POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER

OR SELLER - DISCLOSURE AND CONSENT
C.A.R. Form PRBS, Revised 12/21)
A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker's or salespersons (associate licensees) acting under the Broker's license. The associate licensees may be working out of the same or different office locations.

Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property.

Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers.

Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller's property and consents to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property.

In the event of dual agency, seller and buyer agree that: a dual agent may not, without the express permission of the respective party, disclose to the other party confidential information, including, but not limited to, facts relating to either the buyer's or seller's financial position, motivations, bargaining position, or other personal information that may impact price, including the seller's willingness to accept a price less than the listing price or the buyer's willingness to pay a price greater than the price offered; and except as set forth above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the Property to both parties.

Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer's offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent's marketing strategy and the instructions of the seller.

Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships.

Seller and/or Buyer acknowledges reading and understanding this Possible Representation of More Than One Buyer or Seller - Disclosure and Consent and agrees to the agency possibilities disclosed.

Seller Date
Seller Date
Buyer Date
Buyer Date
Buyer's Brokerage Firm DRE Lic #
By DRE Lic # Date
Seller's Brokerage Firm DRE Lic #
By DRE Lic # Date
2021, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics.

Published and Distributed by:

REAL ESTATE BUSINESS SERVICES, LLC.
a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® 525 South Virgil Avenue, Los Angeles, California 90020
PRBS REVISED 12/21 (PAGE 1 OF 1)
POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER OR SELLER (PRBS PAGE 1 OF 1) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com Ignacio M. Rodriguez
Blanca Delgado
The City of Lake Elsinore
Allison James Estate & Homes 01885684
01361340
Jessica Small
Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699- 9301 000 Spring St.

Jessica Small
Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
12/23/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E 2/ 5/ 2026
2/ 5/ 2026

FAIR HOUSING AND DISCRIMINATION ADVISORY
C.A.R. Form FHDA, Revised 12/24)

1. EQUAL ACCESS TO HOUSING FOR ALL: All housing in California is available to all persons. Discrimination as noted below is prohibited by law. Resources are available for those who have experienced unequal treatment under the law.

2. FEDERAL AND STATE LAWS PROHIBIT DISCRIMINATION AGAINST IDENTIFIED PROTECTED CLASSES:

A. FEDERAL FAIR HOUSING ACT (“ FHA”) Title VIII of the Civil Rights Act; 42 U.S.C. §§ 3601-3619; Prohibits discrimination in sales, rental or financing of residential housing against persons in protected classes; B. CALIFORNIA FAIR EMPLOYMENT AND HOUSING ACT (“ FEHA”) California Government Code (“ GC”) §§ 12900- 12996,12955; 2 California Code of Regulations (“ CCR”) §§ 12005-12271; Prohibits discrimination in sales, rental or financing of housing opportunity against persons in protected classes by providers of housing accommodation and financial assistance services as related to housing;
C. CALIFORNIA UNRUH CIVIL RIGHTS ACT (“Unruh”) California Civil Code (“CC”) § 51; Prohibits business establishments from discriminating against, and requires full and equal accommodation, advantages, facilities, privileges, and services to persons in protected classes;
D. AMERICANS WITH DISABILITIES ACT (“ADA”) 42 U.S.C. §§ 12181- 12189; Title III of the ADA prohibits discrimination based on disability in public accommodations; and
E. OTHER FAIR HOUSING LAWS: § 504 of Rehabilitation Act of 1973 29 U.S.C. § 794; Ralph Civil Rights Act CC § 51.7; California Disabled Persons Act; CC §§ 54-55.32; any local city or county fair housing ordinances, as applicable.

3. POTENTIAL LEGAL REMEDIES FOR UNLAWFUL DISCRIMINATION: Violations of fair housing laws may result in monetary civil fines, injunctive relief, compensatory and/or punitive damages, and attorney fees and costs.

4. PROTECTED CLASSES/ CHARACTERISTICS: Whether specified in Federal or State law or both, discrimination against persons based on that person' s belonging to, association with, or perceived membership in, certain classes or categories, such as the following, is prohibited. Other classes, categories or restrictions may also apply.

Race ( and race traits) Color Ancestry National Origin Religion Age Sex, Sexual Orientation Gender, Gender Identity,
Gender expression
Marital Status Familial Status ( family with
a child or children under
18)
Citizenship Immigration Status Primary Language Military/ Veteran Status Source of Income ( e.g., Section 8 Voucher)
Medical Condition Disability ( Mental & Physical) Genetic Information Criminal History ( nonrelevant convictions)Any Arbitrary Characteristic or Intersectionality

5. THE CALIFORNIA DEPARTMENT OF REAL ESTATE REQUIRES TRAINING AND SUPERVISION TO PREVENT HOUSING DISCRIMINATION BY REAL ESTATE LICENSEES:

A. California Business & Professions Code (“B&PC”) § 10170.5(a)(4) requires 3 hours of training on fair housing for DRE license renewal; Real Estate Regulation § 2725(f) requires brokers who oversee salespersons to be familiar with the requirements of federal and state laws relating to the prohibition of discrimination.

B. Violation of DRE regulations or real estate laws against housing discrimination by a real estate licensee may result in the loss or suspension of the licensee's real estate license. B&PC §10177(l)(1); 10 CCR § 2780

6. REALTOR® ORGANIZATIONS PROHIBIT DISCRIMINATION: NAR Code of Ethics Article 10 prohibits discrimination in employment practices or in rendering real estate license services against any person because of race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity by REALTORS®.

7. WHO IS REQUIRED TO COMPLY WITH FAIR HOUSING LAWS?
Below is a non-exclusive list of providers of housing accommodations or financial assistance services as related to housing who are most likely to be encountered in a housing transaction and who must comply with fair housing laws.

Sellers Landlords/ Housing Providers Sublessors
Real estate licensees Real estate brokerage firms Property managers Mobilehome parks Homeowners Associations (“ HOAs”); Banks and Mortgage lenders Insurance companies Government housing services Appraisers

8. EXAMPLES OF CONDUCT THAT MAY NOT BE MOTIVATED BY DISCRIMINATORY INTENT BUT COULD HAVE A DISCRIMINATORY EFFECT:

A. Prior to acceptance of an offer, asking for or offering buyer personal information or letters from the buyer, especially with photos.

Those types of documents may inadvertently reveal, or be perceived as revealing, protected status information thereby increasing the risk of (i)actual or unconscious bias, and (ii) potential legal claims against sellers and others by prospective buyers whose offers were rejected.

B. Refusing to rent (i) an upper-level unit to an elderly tenant out of concern for the tenant's ability to navigate stairs or (ii) a house with a pool to a person with young children out of concern for the children' s safety.

9. EXAMPLES OF UNLAWFUL OR IMPROPER CONDUCT BASED ON A PROTECTED CLASS OR CHARACTERISTIC:

A. Refusing to negotiate for a sale, rental or financing or otherwise make a housing opportunity unavailable; failing to present offers due to a person's protected status;
B. Refusing or failing to show, rent, sell or finance housing; “ channeling” or “steering” a prospective buyer or tenant to or away from a particular area due to that person's protected status or because of the racial, religious or ethnic composition of the neighborhood; C.“ Blockbusting” or causing “ panic selling” by inducing a listing, sale or rental based on the grounds of loss of value of property, increase in crime, or decline in school quality due to the entry or prospective entry of people in protected categories into the neighborhood;
D. Making any statement or advertisement that indicates any preference, limitation, or discrimination; 2024, California Association of REALTORS®, Inc.

FHDA REVISED 12/24 (PAGE 1 OF 2)
FAIR HOUSING AND DISCRIMINATION ADVISORY ( FHDA PAGE 1 OF 2) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699- 9301 000 Spring St.

Jessica Small
Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E E. Inquiring about protected characteristics ( such as asking tenant applicants if they are married, or prospective purchasers if they have children or are planning to start a family);
F. Using criminal history information before otherwise affirming eligibility, and without a legally sufficient justification; G. Failing to assess financial standards based on the portion of the income responsible by a tenant who receives government subsidies ( such as basing an otherwise neutral rent to income ratio on the whole rent rather than just the part of rent that is the tenant's responsibility);
H. Denying a home loan or homeowner' s insurance;
I. Offering inferior terms, conditions, privileges, facilities or services; J. Using different qualification criteria or procedures for sale or rental of housing such as income standards, application requirements, application fees, credit analyses, sale or rental approval procedures or other requirements; K. Harassing a person;
L. Taking an adverse action based on protected characteristics; M. Refusing to permit a reasonable modification to the premises, as requested by a person with a disability (such as refusing to allow a tenant who uses a wheelchair to install, at their expense, a ramp over front or rear steps, or refusing to allow a tenant with a disability from installing, at their own expense, grab bars in a shower or bathtub); N. Refusing to make reasonable accommodation in policies, rules, practices, or services for a person with a disability ( such as the following, if an actual or prospective tenant with a disability has a service animal or support animal):
i) Failing to allow that person to keep the service animal or emotional support animal in rental property, ii) Charging that person higher rent or increased security deposit, or iii) Failing to show rental or sale property to that person who is accompanied by the service animal or support animal, and; O. Retaliating for asserting rights under fair housing laws.

10. EXAMPLES OF POSITIVE PRACTICES:

A. Real estate licensees working with buyers or tenants should apply the same objective property selection criteria, such as location/ neighborhood, property features, and price range and other considerations, to all prospects.

B. Real estate licensees should provide complete and objective information to all clients based on the client's selection criteria.

C. Real estate licensees should provide the same professional courtesy in responding to inquiries, sharing of information and offers of assistance to all clients and prospects.

D. Housing providers should not make any statement or advertisement that directly or indirectly implies preference, limitation, or discrimination regarding any protected characteristic ( such as “no children” or “English- speakers only”).

E. Housing providers should use a selection process relying on objective information about a prospective buyer's offer or tenant's application and not seek any information that may disclose any protected characteristics ( such as using a summary document, e.g. C.A.R. Form SUM-MO, to compare multiple offers on objective terms).

11. FAIR HOUSING RESOURCES: If you have questions about your obligations or rights under the Fair Housing laws, or you think you have been discriminated against, you may want to contact one or more of the sources listed below to discuss what you can do about it, and whether the resource is able to assist you.

A. Federal: https://www.hud.gov/program_ offices/fair_housing_equal_opp B. State: https://calcivilrights.ca.gov/housing/
C. Local: local Fair Housing Council office (non-profit, free service) D. DRE: https://www.dre.ca.gov/Consumers/ FileComplaint. html E. Local Association of REALTORS®. List available at: https://www.car.org/en/contactus/rosters/localassociationroster.

F. Any qualified California fair housing attorney, or if applicable, landlord- tenant attorney.

12. LIMITED EXCEPTIONS TO FAIR HOUSING REQUIREMENTS: No person should rely on any exception below without first seeking legal advice about whether the exception applies to their situation. Real estate licensees are not qualified to provide advice on the application of these exceptions.

A. Legally compliant senior housing is exempt from FHA, FEHA and Unruh as related to age or familial status only; B. An owner of a single-family residence who resides at the property with one lodger may be exempt from FEHA for rental purposes, PROVIDED no real estate licensee is involved in the rental; C. An owner of a single-family residence may be exempt from FHA for sale or rental purposes, PROVIDED ( i) no real estate licensee is involved in the sale or rental and (ii) no discriminatory advertising is used, and (iii) the owner owns no more than three single-family residences. Other restrictions apply; D. An owner of residential property with one to four units who resides at the property, may be exempt from FHA for rental purposes, PROVIDED no real estate licensee is involved in the rental; and E. Both FHA and FEHA do not apply to roommate situations. See, Fair Housing Council v Roommate. com LLC, 666 F.3d 1216 (2019).

F. Since both the 14th Amendment of the U.S. Constitution and the Civil Rights Act of 1866 prohibit discrimination based on race; the FHA and FEHA exemptions do not extend to discrimination based on race.

Buyer/Tenant and Seller/Housing Provider have read, understand and acknowledge receipt of a copy of this Fair Housing & Discrimination Advisory.

Buyer/Tenant Date
Buyer/Tenant Date
Seller/Housing Provider Date
Seller/Housing Provider Date
2024, California Association of REALTORS®, Inc. United States copyright law (Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®.

Published and Distributed by: REAL ESTATE BUSINESS SERVICES, LLC. a subsidiary of the California Association of REALTORS® FHDA REVISED 12/24 (PAGE 2 OF 2)
FAIR HOUSING AND DISCRIMINATION ADVISORY ( FHDA PAGE 2 OF 2) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com The City of Lake Elsinore
Ignacio M. Rodriguez
Blanca Delgado
000 Spring St.

Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E 2/ 5/ 2026
2/ 5/ 2026

WIRE FRAUD AND ELECTRONIC FUNDS

TRANSFER ADVISORY
C.A.R. Form WFA, Revised 12/21)
Property Address: (“ Property”).

WIRE FRAUD AND ELECTRONIC FUNDS TRANSFERS ADVISORY:

The ability to communicate and conduct business electronically is a convenience and reality in nearly all parts of our lives.

At the same time, it has provided hackers and scammers new opportunities for their criminal activity. Many businesses have been victimized and the real estate business is no exception.

While wiring or electronically transferring funds is a welcome convenience, we all need to exercise extreme caution.

Emails attempting to induce fraudulent wire transfers have been received and have appeared to be legitimate. Reports indicate that some hackers have been able to intercept emailed transfer instructions, obtain account information and, by altering some of the data, redirect the funds to a different account. It also appears that some hackers were able to provide false phone numbers for verifying the wiring or funds transfer instructions. In those cases, the victim called the number provided to confirm the instructions, and then unwittingly authorized a transfer to somewhere or someone other than the intended recipient.

ACCORDINGLY, YOU ARE ADVISED:

1. Obtain phone numbers and account numbers only from Escrow Officers, Property Managers, or Landlords at the beginning of the transaction.

2. DO NOT EVER WIRE OR ELECTRONICALLY TRANSFER FUNDS PRIOR TO CALLING TO CONFIRM THE TRANSFER INSTRUCTIONS. ONLY USE A PHONE NUMBER YOU WERE PROVIDED PREVIOUSLY. Do not use any different phone number or account number included in any emailed transfer instructions.

3. Orally confirm the transfer instruction is legitimate and confirm the bank routing number, account numbers and other codes before taking steps to transfer the funds.

4. Avoid sending personal information in emails or texts. Provide such information in person or over the telephone directly to the Escrow Officer, Property Manager, or Landlord.

5. Take steps to secure the system you are using with your email account. These steps include creating strong passwords, using secure WiFi, and not using free services.

If you believe you have received questionable or suspicious wire or funds transfer instructions, immediately notify your bank, and the other party, and the Escrow Office, Landlord, or Property Manager. The sources below, as well as others, can also provide information:

Federal Bureau of Investigation: https://www.fbi.gov/; the FBI's IC3 at www.ic3.gov; or 310-477-6565 National White Collar Crime Center: http://www.nw3c.org/ On Guard Online: https://www.onguardonline. gov/
NOTE: There are existing alternatives to electronic and wired fund transfers such as cashier's checks.

By signing below, the undersigned acknowledge that each has read, understands and has received a copy of this Wire Fraud and Electronic Funds Transfer Advisory.

Buyer/Tenant Date
Buyer/Tenant Date
Seller/Landlord Date
Seller/Landlord Date
2021, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics.

Published and Distributed by:

REAL ESTATE BUSINESS SERVICES, LLC.
a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® 525 South Virgil Avenue, Los Angeles, California 90020
WFA REVISED 12/21 (PAGE 1 OF 1)
WIRE FRAUD AND ELECTRONIC FUNDS TRANSFER ADVISORY ( WFA PAGE 1 OF 1) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 350 N. Spring St., Lake Elsinore, CA 92530
The City of Lake Elsinore
Ignacio M. Rodriguez
Blanca Delgado
Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699-9301 000 Spring St.

Jessica Small
Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E 2/ 5/ 2026
2/ 5/ 2026

CALIFORNIA CONSUMER PRIVACY ACT ADVISORY,

DISCLOSURE AND NOTICE
C.A.R. Form CCPA, Revised 12/22)
The California Consumer Privacy Act (commencing with Civil Code § 1798.100) (“CCPA”), as amended by California voters in 2020, grants to California residents certain rights in their private, personal information (“ PI”) that is collected by companies with whom they do business. Under the CCPA, PI is defined broadly to encompass non-public records information that could reasonably be linked directly or indirectly to you. PI could potentially include photographs of, or sales information about, your property.

During the process of buying and selling real estate your PI will be collected and likely shared with others, including real estate licensees, a Multiple Listing Service, real estate internet websites, service providers, lenders, and title and escrow companies, to name several possibilities. Businesses that are covered by the CCPA are required to grant you various rights in your PI, including the right to know what PI is collected, the right to know what PI is sold or shared and to whom, the right to request that the business correct or delete your PI, the right to “opt out” or stop the transfer of your PI to others, and the right to limit the use of certain PI which is considered “ sensitive.” You may get one or more notices regarding your CCPA rights from businesses you interact with in a real estate transaction. However, not all businesses that receive or share your PI are obligated to comply with the CCPA. Moreover, businesses that are otherwise covered under the CCPA may have a legal obligation to maintain PI, notwithstanding your instruction to the contrary. For instance, regardless of whether they are covered by CCPA, under California law, brokers and Multiple Listing Services are required to maintain their records for 3 years. If you wish to exercise your rights under CCPA, where applicable, you should contact the respective business directly.

You can obtain more information about the CCPA and your rights under the law from the State of California Department of Justice ( oag.ca.gov/privacy/ccpa). Additionally, the California Privacy Protection Agency is authorized to promulgate regulations which may further clarify requirements of the CCPA (cppa.ca.gov/regulations/).

I/we acknowledge receipt of a copy of this California Consumer Privacy Act Advisory, Disclosure and Notice.

Buyer/Seller/Landlord/Tenant Date
Buyer/Seller/Landlord/Tenant Date
2022, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics.

Published and Distributed by:

REAL ESTATE BUSINESS SERVICES, LLC.
a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® 525 South Virgil Avenue, Los Angeles, California 90020
CCPA REVISED 12/22 (PAGE 1 OF 1)
CALIFORNIA CONSUMER PRIVACY ACT ADVISORY ( CCPA PAGE 1 OF 1) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com The City of Lake Elsinore
Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699- 9301 000 Spring St.

Jessica Small
Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E

DISCLOSURE REGARDING

To the Seller: A Fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Seller.

To the Buyer: A fiduciary duty of utmost care, integrity, honesty and loyalty in dealings with the Buyer.

Note: Real estate broker commissions are not set by law and are fully negotiable.

I/WE ACKNOWLEDGE RECEIPT OF A COPY OF THIS DISCLOSURE AND THE PORTIONS OF THE CIVIL CODE PRINTED ON THE SECOND PAGE.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E

BUYER REPRESENTATION

AND BROKER COMPENSATION AGREEMENT
Non-Exclusive unless Exclusive is checked and initialed) C.A.R. Form BRBC, Revised 12/24)
Date Prepared:

1. RIGHT TO REPRESENT: (“ Buyer”)
grants (“ Broker”)
the non-exclusive right ( unless Exclusive is checked in paragraph 2A(2) and initialed in paragraph 15) to represent Buyer in acquiring real property or a manufactured home (“Property”) for the Representation Period specified in paragraph 2A(1).

2. TERMS OF REPRESENTATION: The items in this paragraph are contractual terms of the Agreement. Referenced paragraphs provide further explanation. This form is 5 pages. Buyer is advised to read all 5 pages.

Para. # Paragraph Title or Contract
Term
Terms and Conditions
A Representation
A(1) Representation Period Beginning: ( date) Ending at 11:59 P.M. on ( date) OR upon completion of a resulting transaction, whichever occurs first.

Not to exceed 3 months. If Representation Period exceeds 3 months, this Agreement is void unless Buyer is a corporation, LLC or partnership.) A(2) 4B Type of Representation Non-exclusive, OR Exclusive ( valid only if checked AND initialed in paragraph 15).

B Property to be Acquired (" Property") Broker, including any associate licensee working through Broker on behalf of Buyer, provides services for the types of properties and in the locations specified below.

B(1) Property type: Single family residential ( OR, if checked, SFR is excluded from this Agreement), including condominiums and manufactured homes ( SFR),
Multi- family residential with two to four units, with 5 or more units, Industrial, Vacant Land, Commercial, Tenancy in common, The following specified property( ies) only:

B(2) Location County( ies):

City(ies):

B(3) Additional Description
C Additional Buyer Preferences
and Priorities
See attached Buyer Identification of Preferences and Priorities ( C.A.R. Form BIPP).

D 7 Properties Excluded from
Representation
OR The Properties identified on the attached list
E Broker Compensation: NOTICE: The amount or rate of real estate commissions is not fixed by law. They are set by each Broker individually and may be negotiable between Buyer and Broker. See attached Broker Compensation Advisory (C.A.R. Form BCA).

E(1) 4B Amount of Compensation % of the acquisition price AND, if any $ ; OR $ ,
OR see attached Broker- created compensation schedule.

E(2) 4G Payments received by Broker from
Seller or others
If Broker receives compensation from Seller or others, for Broker' s representation of Buyer, the amount shall be credited against Buyer' s obligation to pay Broker.

Broker shall not receive any amount in excess of paragraph 2E(1).

E(3) 4C Continued Right to Payment for
Broker Involved Properties
The Continuation Period shall be calendar days after the Representation Period or any extension (" Continuation Period").

F 5 Cancellation Rights and Notice Non-exclusive: Cancellation effective upon receipt OR days after receipt; Exclusive: Cancellation effective 30 OR ( not to exceed 30) days after receipt.

G Buyer Financial/ Personal Information
G(1) 9B(1) Time to deliver Buyer personal/
financial information
Within 5 (or ) calendar days from the execution of this Agreement.

C.A.R. Form BFPI attached.

G(2) 9B(2) Buyer does not have sufficient
funds to pay Broker.

Buyer' s Broker' s obligation to represent Buyer in a transaction is contingent upon a seller' s agreement to pay the amount of compensation in paragraph 2E( 1).

H Other Terms
2024, California Association of REALTORS®, Inc.

BRBC REVISED 12/24 (PAGE 1 OF 5) Buyer' s Initials / Broker/Agent Initials / BUYER REPRESENTATION AND BROKER COMPENSATION AGREEMENT (BRBC PAGE 1 OF 5) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 03/ 21/ 2025
The City of Lake Elsinore
Allison James Estate & Homes
12/23/2025 03/23/2026
X
X
350 N. Spring St. Lake Elsinore, CA 92530
X Lake Elsinore

2.000
Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699- 9301 000 Spring St.

Jessica Small
Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E

3. ADVISORIES, ADDENDA AND DISCLOSURES: The following advisories, addenda and disclosures are attached:

Broker Compensation Advisory ( C.A.R. Form BCA) Other

4. COMPENSATION TO BROKER:

Notice: The amount or rate of real estate commissions is not fixed by law. They are set by each Broker individually and may be negotiable between Buyer and Broker.

A. ADVISORY: Real estate commissions include all compensation and fees to Broker and are fully negotiable.

B. BROKER RIGHT TO COMPENSATION: Broker shall be entitled to compensation specified in paragraph 2E(1) from Buyer if during the Representation Period, or any extension, Buyer enters into an agreement to purchase, lease, or otherwise acquire any Property described in paragraph 2B, and the seller thereafter completes the transaction or is prevented from doing so by default of Buyer as follows:
1) NON-EXCLUSIVE REPRESENTATION; BROKER INVOLVEMENT: Compensation is payable only if there was Broker Involvement with the Property.
2) EXCLUSIVE REPRESENTATION; BUYER ACQUISITION: If Exclusive is checked in paragraph 2A(2) and initialed in paragraph 15, Broker is entitled to compensation if Buyer acquires Property during the Representation Period or any extension with or without Broker Involvement, even if another broker is also entitled to be paid for representing Buyer. 3) BUYER INCLUDES any person or entity, other than Broker, related to Buyer or who in any manner acts on Buyer's behalf to acquire Property described in paragraph 2B.
4) BROKER INVOLVEMENT, wherever used in this Agreements means any of the following:

Buyer physically entered and was shown the Property by Broker; Broker showed the Property to Buyer virtually;
Broker submitted to seller a signed, written offer from Buyer to acquire, lease, exchange or obtain an option on the Property;
Broker performed a market analysis related to the Property or reviewed property specific documents or disclosures with Buyer; or
The Property was introduced to Buyer by Broker or one for which Broker acted on Buyer's behalf. However, merely sending Buyer a list of properties shall not be deemed Broker Involvement without documented action on the part of Broker analyzing the Property for Buyer, specifically, or assisting Buyer in the potential acquisition of the Property, or communicating with seller or seller's agent regarding Buyer's potential acquisition of the Property.

C. CONTINUATION OF RIGHT TO COMPENSATION FOR BROKER INVOLVED PROPERTIES:
1) Broker shall be entitled to the compensation provided for in paragraph 2E(1) if, during the Continuation Period specified in paragraph 2E(3), Buyer enters into an agreement to acquire Property for which there was Broker Involvement. The timing of such payment is subject to the terms of paragraph 4D. 2) Broker's right to compensation pursuant to this paragraph shall only apply if, prior to expiration of this Agreement or any extension, Broker delivers Buyer a written notice of those properties for which there was Broker Involvement (C.A.R. Form NBIP).

D. TIMING OF COMPENSATION: Compensation is payable:
1) Upon completion of any resulting transaction, and through escrow. Broker shall be entitled to compensation whether any escrow resulting from this Agreement closes during or after the Representation Period. 2) If acquisition is prevented by default of Buyer, upon Buyer's default. 3) If acquisition is prevented by a party to the transaction other than Buyer, when Buyer collects damages, or obtains specific performance, by suit, settlement or otherwise. If damages are recovered, compensation shall equal one-half of the damages recovered, not to exceed the compensation provided for in paragraph 2E(1), after first deducting the unreimbursed payments, credits and expenses of collection and suit, if any.

E. PAYMENT THROUGH ESCROW: Buyer hereby irrevocably assigns to Broker the compensation provided for in this Agreement from Buyer's funds in escrow. Buyer agrees to submit to escrow any funds needed to compensate Broker under this Agreement.

Broker may submit this Agreement, as instructions to compensate Broker, to any escrow regarding Property involving Buyer and a seller or other transferor.

F. ACCOUNTING FOR PAYMENTS TO BROKER IF BROKER ALSO REPRESENTS SELLER: If Broker has a signed listing agreement with the seller of the Property to be purchased, Buyer shall not receive a credit for the compensation seller owes broker for representing Seller.

G. PAYMENTS RECEIVED FROM OTHERS LESS THAN BUYER COMPENSATION OBLIGATION:
1) Broker and Buyer should discuss whether it would be beneficial to include a term in any offer Buyer makes obligating the seller to pay Broker, directly or through escrow, for some or all of the compensation that Buyer owes Broker. 2) If seller does not pay as contractually required, Buyer assigns to Broker, as a third-party beneficiary, any rights Buyer has to pursue the seller for such compensation.

H. DISCLOSURE OF PAYMENTS TO BROKER: Broker, independently or through escrow, will disclose the final compensation Broker receives from anyone other than Buyer.

5. CANCELLATION OF BUYER REPRESENTATION AGREEMENT:

A. Either Buyer or Broker may cancel this Agreement by giving written notice, at any time, to the other within the time specified in paragraph 2F.

BRBC REVISED 12/24 (PAGE 2 OF 5) Buyer' s Initials / Broker/Agent Initials / BUYER REPRESENTATION AND BROKER COMPENSATION AGREEMENT ( BRBC PAGE 2 OF 5) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com X
000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E B. Broker shall still be entitled to compensation if, during the Representation Period or the Continuation Period specified in paragraph 2E(3), Buyer enters into contract to acquire Property for which there was Broker Involvement provided Broker delivers to Buyer a written list of those properties for which there was Broker Involvement. The written list of Broker Involvement properties shall be delivered to Buyer within 5 calendar days after the effective date of the cancellation. The timing of such payment is subject to the terms of paragraph 4D.

C. Buyer is advised to notify any other broker of Broker's rights under this paragraph.

6. AGENCY RELATIONSHIPS:

A. DISCLOSURE: Buyer acknowledges receipt of the “ Disclosure Regarding Real Estate Agency Relationship” ( C.A.R. Form AD).

B. POSSIBLE DUAL AGENCY WITH SELLER: Broker will represent Buyer in any resulting transaction. Broker may act as an agent for both Buyer and a seller. Broker, in writing, shall confirm the agency relationship with only Buyer, or both Buyer and seller, prior to or concurrent with Buyer's execution of a contract to acquire a Property. Buyer acknowledges receipt of a Possible Representation of More Than One Buyer or Seller Disclosure and Consent ( C.A.R. Form PRBS).

7. PROPERTIES EXCLUDED FROM REPRESENTATION:

A. ADVISORY REGARDING BUYER SIGNING MULTIPLE BUYER REPRESENTATION AGREEMENTS:
1) Buyer shall inform Broker in writing if Buyer has signed any other buyer representation agreements, whether exclusive or nonexclusive, with any other Broker for any Property described in paragraph 2B and provide a copy of the agreement to Broker. 2) Buyer shall disclose to Broker if another broker showed Buyer such Property virtually or in-person, or wrote an offer on, or otherwise acted on Buyer's behalf for, such Property. Buyer may owe compensation to that broker if Buyer purchases such Property.
3) If Buyer has signed an exclusive buyer representation agreement with another broker that has not expired or been terminated, Buyer may owe compensation to that broker if Buyer purchases such Property even if that other broker had no involvement with the Property.
4) Buyer shall disclose in paragraph 2D any Property for which Buyer is obligated to pay another broker.

B. CONFLICTS WITH OTHER BROKER: Unless otherwise notified by Buyer, Buyer acknowledges that for the Property identified in paragraph 2B, excluding any Property specified in paragraph 2D Buyer:( i) has not entered into an exclusive representation agreement with another broker; and ( ii) has no obligation, even under a non-exclusive representation agreement, to pay compensation to any other broker arising out of the acquisition of the Property.

C. LIMITATION ON BROKER REPRESENTATION: If a property is excluded in paragraph 2D, during the time Buyer is obligated to compensate another broker, Broker is not obligated to assist Buyer with respect to that property, and Buyer shall not owe Broker compensation under this Agreement for that property.

8. BROKER AUTHORIZATIONS AND OBLIGATIONS:

A. Broker agrees to exercise reasonable effort and due diligence to achieve the purposes of this Agreement.

B. Broker will assist Buyer by:
1) Locating and presenting selected properties to Buyer, presenting offers authorized by Buyer, assisting Buyer in negotiating for acceptance of such offers and, as applicable, terms and conditions following such acceptance, and facilitating the escrow process for such accepted offers;
2) As directed by or agreed with Buyer, ordering reports and Investigations, and scheduling and attending meetings and appointments with professionals chosen by Buyer;
3) Upon request, providing Buyer with a list of professionals who perform the services described in the attached Buyer's Investigation Advisory, provided Broker has a referral list for such requested services; and 4) Upon request, assisting Buyer with the financing process by making referrals to lenders known to Broker, and assisting Buyer in obtaining loan pre-qualification, to the extent Broker can do so without acting as a Mortgage Loan Broker.

C. If the Property contains residential property with one to four dwelling units, Broker will conduct a reasonably competent and diligent, visual inspection of the accessible areas of the one to four Property ( excluding any common areas) and disclose to Buyer all facts materially affecting the value or desirability of such Property that are revealed by this inspection.

D. Broker shall deliver or communicate to Buyer any disclosures, materials or information received by, in the personal possession of or personally known to the individual signing for Broker during the Representation Period. Unless otherwise specified in writing, any information provided through Broker, while representing Buyer, has not been and will not be verified by Broker.

E. Broker's services are performed in compliance with federal, state and local anti-discrimination laws.

9. BUYER OBLIGATIONS:

A. GOOD FAITH: Buyer agrees:( i)to timely view and consider properties selected by Broker;( ii) negotiate in good faith to acquire a Property; and (iii)Buyer further agrees to act in good faith toward the completion of any contract entered into for a Property.

B. FINANCIAL AND PERSONAL INFORMATION:
1) Within the time specified in paragraph 2G(1), Buyer shall provide relevant personal and financial information, including, but not limited to, proof of funds needed to complete the purchase of Property and satisfy the obligation to pay Broker, and a preapproval/ prequalification letter, to Broker to assure Buyer' s ability to acquire Property. If Buyer fails to provide such information, or if Buyer does not qualify financially to acquire Property, then Broker may cancel this Agreement in writing.

BRBC REVISED 12/24 (PAGE 3 OF 5) Buyer' s Initials / Broker/Agent Initials / BUYER REPRESENTATION AND BROKER COMPENSATION AGREEMENT (BRBC PAGE 3 OF 5) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com X
X
000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E 2) If the box is checked in paragraph 2G(2), for any Property for which Buyer writes an offer to purchase:

A) Buyer agrees to include a term in Buyer's offer requesting seller to compensate Buyer's Broker; and B) For a transaction, this Agreement is contingent upon seller, or others, or both, agreeing to pay Broker the full amount that Buyer is contractually obligated to pay Broker. This contingency is in favor of the Broker, and Broker may elect to cancel this Agreement related to representation on that specific property, if the seller does not agree to pay the full amount that Buyer is contractually obligated to pay Broker. Broker shall inform Buyer, seller and listing agent that Buyer is proceeding without representation and that they shall complete a new Agency Confirmation removing Broker as representing Buyer.

C. REASONABLE CARE AND OTHER PROFESSIONAL ASSISTANCE:
1) Buyer is obligated, and agrees, to read all documents provided to Buyer. 2) Buyer agrees to seek desired assistance from appropriate professionals, selected by Buyer, such as those referenced in the attached Buyer's Investigation Advisory.
3) Buyer is advised to read the attached Buyer's Investigation Advisory for a list of items and other concerns that may warrant investigation by Buyer or other professionals.

D. REPORTS/ INVESTIGATIONS: Buyer agrees to pay for reports, Investigations and meetings arranged by Broker for Buyer.

E. BUYER MATERIAL ISSUES: For any Property for which Buyer has made an offer or are considering making an offer, Buyer shall notify or update Broker in writing of any material issue to Buyer for that Property such as, but not limited to, Buyer requests for information on, or concerns regarding, any subject of interest or importance to Buyer ( C.A.R. Form BMI-SP). If Buyer does not provide such information for a Property for which Buyer makes an offer, that Property shall be deemed to satisfy Buyer's material considerations notwithstanding any preferences and priorities identified in C.A.R. Form BIPP, if one has been completed.

F. INCORRECT, INCOMPLETE OR INACCURATE INFORMATION: Buyer agrees to indemnify, defend and hold Broker harmless from all claims, disputes, litigation, judgments, and costs arising from any incorrect information supplied by Buyer, or from any material issues that Buyer fails to disclose in writing to Broker.

10. ATTORNEY FEES: In any action, proceeding or arbitration between Buyer and Broker arising out of this Agreement, Buyer and Broker are each responsible for paying their own attorney fees and costs, except as otherwise specified in paragraph 12A.

11. MANAGEMENT APPROVAL: If an associate- licensee in Broker's office ( salesperson or broker-associate) enters into this Agreement on Broker's behalf, Broker or Manager has the right to cancel this Agreement, in writing, within 5 days after its execution.

12. DISPUTE RESOLUTION:

A. MEDIATION: Buyer and Broker agree to mediate any dispute or claim arising between them under this Agreement, before resorting to arbitration or court action. Mediation fees, if any, shall be divided equally among the parties involved. If, for any dispute or claim to which this paragraph applies, any party (i) commences an action without first attempting to resolve the matter through mediation, or (ii) before commencement of an action, refuses to mediate after a request has been made, then if that party is the losing party in any such action, the prevailing party shall be entitled to recover attorney's fees from the non-mediating party, notwithstanding the terms in paragraph 10. Exclusions from the mediation agreement are specified in paragraph 12B.

B. ADDITIONAL MEDIATION TERMS: The following matters are excluded from mediation:( i) a judicial or non-judicial foreclosure or other action or proceeding to enforce a deed of trust, mortgage or installment land sale contract as defined in Civil code § 2985; ii) an unlawful detainer action;( iii) the filing or enforcement of a mechanic' s lien; and (iv) any matter that is within the jurisdiction of a probate, small claims or bankruptcy court. The filing of a court action to enable the recording of a notice of pending action for order of attachment, receivership, injunction, or other provisional remedies, shall not constitute a waiver of the mediation provisions, provided the filing party, concurrent with or immediately after such filing, makes a request to the court for a stay of litigation pending any mediation proceeding.

C. ARBITRATION ADVISORY: If Buyer and Broker desire to resolve disputes arising between them through arbitration rather than court, they can document their agreement by attaching and signing an Arbitration Agreement ( C.A.R. Form ARB).

13. LEGALLY AUTHORIZED SIGNER: Wherever the signature or initials of the Legally Authorized Signer, identified in the signature block below, appear on this Agreement or any related documents, it shall be deemed to be in a representative capacity for the entity described and not in an individual capacity, unless otherwise indicated. The Legally Authorized Signer (i)represents that the entity for which that person is acting already exists and is in good standing to do business in California and (ii) shall deliver to Broker, within 3 days after execution of this Agreement, evidence of authority to act in that capacity ( such as but not limited to: applicable portion of the trust or Certification Of Trust (Probate Code § 18100.5), letters testamentary, court order, power of attorney, corporate resolution, or formation documents of the business entity).

14. ENTIRE AGREEMENT: All understandings between the parties are incorporated in this Agreement. Its terms are intended by the parties as a final, complete and exclusive expression of their agreement with respect to its subject matter, and may not be contradicted by evidence of any prior agreement or contemporaneous oral agreement. This Agreement may not be extended, amended, modified, altered or changed, except in writing signed by Buyer and Broker. In the event that any provision of this Agreement is held to be ineffective or invalid, the remaining provisions will nevertheless be given full force and effect. This Agreement and any supplement, addendum or modification, including any photocopy, facsimile, or electronic, may be executed in counterparts.

BRBC REVISED 12/24 (PAGE 4 OF 5) Buyer' s Initials / Broker/Agent Initials / BUYER REPRESENTATION AND BROKER COMPENSATION AGREEMENT ( BRBC PAGE 4 OF 5) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 000 Spring St.

Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E

15. EXCLUSIVE REPRESENTATION: If “Exclusive” is checked in paragraph 2A(2) and initialed by Buyer here:

A. This Agreement shall be exclusive. Broker will devote time and resources to assist Buyer in finding and acquiring the Property in the expectation of being paid for Broker's services. Buyer shall not enter into another representation agreement in conflict with this Agreement.

B. COMPENSATION: Broker is entitled to compensation if Buyer acquires Property during the Representation Period with or without Broker Involvement, even if another broker is also entitled to be paid for representing Buyer.

C. CANCELLATION: Either Buyer or Broker may unilaterally cancel this Agreement by giving the other 30 days written notice (or as otherwise specified in paragraph 2F). If, within 5 days after the effective date of the cancellation, Broker provides Buyer a list of properties for which there was Broker Involvement, Broker may still be entitled to compensation if Buyer purchases one of the properties on the list during the Representation Period or the Continuation Period specified in paragraph 2E(3).

Buyer' s Initials /
Buyer acknowledges that Buyer has read, understands, received a copy of and agrees to the terms of this Agreement.

ENTITY BUYERS: ( Note: If this paragraph is completed, a Representative Capacity Signature Disclosure ( C.A.R. Form RCSD) is not required for the Legally Authorized Signers designated below.) 1) Non-Individual ( entity) Buyers: One or more Buyers is a trust, corporation, LLC, probate estate, partnership, holding a power of attorney or other entity.
2) Full entity name: The following is the full name of the entity ( if a trust, enter the complete trust name; if under probate, enter full name of the estate, including case #):
3) Contractual Identity of Buyer: For purposes of this Agreement, when the name described below is used, it shall be deemed to be the full entity name.

A) If a trust: The trustee( s) of the trust or a simplified trust name (ex. John Doe, co-trustee, Jane Doe, co-trustee or Doe Revocable Family Trust);
B) If Property is sold under the jurisdiction of a probate court: The name of the executor or administrator, or a simplified probate name (John Doe, executor, or Estate ( or Conservatorship) of John Doe). 4) Legally Authorized Signer:

A) This Agreement is being Signed by a Legally Authorized Signer in a representative capacity and not in an individual capacity.

See paragraph 13 for additional terms.

B) The name(s) of the Legally Authorized Signer(s) is/are: , .

BUYER SIGNATURE( S):

Signature) By, Date:

Printed name of Buyer:

Printed Name of Legally Authorized Signer: Title, if applicable, Signature) By, Date:

Printed name of Buyer:

Printed Name of Legally Authorized Signer: Title, if applicable, Additional Signature Addendum attached ( C.A.R. Form ASA) BROKER SIGNATURE( S):

Real Estate Broker (Firm) DRE Lic #
Address City State Zip
By (Broker/Agent) Date
Tel. E-mail DRE Lic #
By (Broker/Agent) Date
Tel. E-mail DRE Lic #
More than one agent from the same firm represents Buyer. Additional Agent Acknowledgement ( C.A.R. Form AAA) attached.

Two Brokers with different companies are representing the Buyer. Co-Buyer Brokers information is on the attached Additional Broker Acknowledgement ( C.A.R. Form ABA)
2024, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®.

Published and Distributed by: REAL ESTATE BUSINESS SERVICES, LLC. a subsidiary of the California Association of REALTORS® BRBC REVISED 12/24 (PAGE 5 OF 5)
BUYER REPRESENTATION AND BROKER COMPENSATION AGREEMENT (BRBC PAGE 5 OF 5) Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com X
The City of Lake Elsinore, a California Municipal Corporation Jason Simpson
The City of Lake Elsinore
X Jason Simpson City Manager
Allison James Estate & Homes 01885684
1902 Wright Pl Suite 200 Carlsbad CA 92008
Jessica Small
951) 757- 2112 Jessica@JLSRealty. com 01361340
000 Spring St.

Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
12/23/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E

BUYER'S INVESTIGATION ADVISORY
C.A.R. Form BIA, Revised 12/21)
Property Address

1. IMPORTANCE OF PROPERTY INVESTIGATION: The physical condition of the land and improvements being purchased is not guaranteed by either Seller or Brokers. You have an affirmative duty to exercise reasonable care to protect yourself, including discovery of the legal, practical and technical implications of disclosed facts, and the investigation and verification of information and facts that you know or that are within your diligent attention and observation. A general physical inspection typically does not cover all aspects of the Property nor items affecting the Property that are not physically located on the Property. If the professionals recommend further investigations, including a recommendation by a pest control operator to inspect inaccessible areas of the Property, you should contact qualified experts to conduct such additional investigations.

2. BROKER OBLIGATIONS: Brokers do not have expertise in all areas and therefore cannot advise you on many items, such as those listed below. If Broker gives you referrals to professionals, Broker does not guarantee their performance.

3. YOU ARE STRONGLY ADVISED TO INVESTIGATE THE CONDITION AND SUITABILITY OF ALL ASPECTS OF THE PROPERTY, INCLUDING BUT NOT LIMITED TO THE FOLLOWING. IF YOU DO NOT DO SO, YOU ARE ACTING AGAINST THE ADVICE OF BROKERS.

A. GENERAL CONDITION OF THE PROPERTY, ITS SYSTEMS AND COMPONENTS: Foundation, roof (condition, age, leaks, useful life), plumbing, heating, air conditioning, electrical, mechanical, security, pool/spa ( cracks, leaks, operation), other structural and non-structural systems and components, fixtures, built-in appliances, any personal property included in the sale, and energy efficiency of the Property.

B. SQUARE FOOTAGE, AGE, BOUNDARIES: Square footage, room dimensions, lot size, age of improvements and boundaries. Any numerical statements regarding these items are APPROXIMATIONS ONLY and have not been verified by Seller and cannot be verified by Brokers. Fences, hedges, walls, retaining walls and other barriers or markers do not necessarily identify true Property boundaries.

C. WOOD DESTROYING PESTS: Presence of, or conditions likely to lead to the presence of wood destroying pests and organisms.

D. SOIL STABILITY: Existence of fill or compacted soil, expansive or contracting soil, susceptibility to slippage, settling or movement, and the adequacy of drainage.

E. WATER AND UTILITIES; WELL SYSTEMS AND COMPONENTS; WASTE DISPOSAL: Water and utility availability, use restrictions and costs. Water quality, adequacy, condition, and performance of well systems and components. The type, size, adequacy, capacity and condition of sewer and septic systems and components, connection to sewer, and applicable fees.

F. ENVIRONMENTAL HAZARDS: Potential environmental hazards, including, but not limited to, asbestos, leadbased paint and other lead contamination, radon, methane, other gases, fuel oil or chemical storage tanks, contaminated soil or water, hazardous waste, waste disposal sites, electromagnetic fields, nuclear sources, and other substances, materials, products, or conditions ( including mold ( airborne, toxic or otherwise), fungus or similar contaminants).

G. EARTHQUAKES AND FLOODING: Susceptibility of the Property to earthquake/ seismic hazards and propensity of the Property to flood.

H. FIRE, HAZARD, AND OTHER INSURANCE: The availability and cost of necessary or desired insurance may vary.

The location of the Property in a seismic, flood or fire hazard zone, and other conditions, such as the age of the Property and the claims history of the Property and Buyer, may affect the availability and need for certain types of insurance. Buyer should explore insurance options early as this information may affect other decisions, including the removal of loan and inspection contingencies.

I. BUILDING PERMITS, ZONING, GOVERNMENTAL REQUIREMENTS, AND ADDRESS: Permits, inspections, certificates, zoning, other governmental limitations, restrictions, and requirements affecting the current or future use of the Property, its development or size. Postal/mailing address and zip code may not accurately reflect the city which has jurisdiction over the property.

J. RENTAL PROPERTY RESTRICTIONS: The State, some counties, and some cities impose restrictions that limit the amount of rent that can be charged, the maximum number of occupants, and the right of a landlord to terminate a tenancy. Deadbolt or other locks and security systems for doors and windows, including window bars, should be examined to determine whether they satisfy legal requirements.

K. SECURITY AND SAFETY: State and local Law may require the installation of barriers, access alarms, selflatching mechanisms and/or other measures to decrease the risk to children and other persons of existing swimming pools and hot tubs, as well as various fire safety and other measures concerning other features of the Property.
2021, California Association of REALTORS®, Inc.

BIA REVISED 12/21 (PAGE 1 OF 2)
BUYER' S INVESTIGATION ADVISORY ( BIA PAGE 1 OF 2)
Phone: Fax:

Jessica Small
Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E L. NEIGHBORHOOD, AREA, SUBDIVISION CONDITIONS; PERSONAL FACTORS: Neighborhood or area conditions, including schools, law enforcement, crime statistics, registered felons or offenders, fire protection, other government services, availability, adequacy and cost of internet connections or other technology services and installations, commercial, industrial or agricultural activities, existing and proposed transportation, construction and development that may affect noise, view, or traffic, airport noise, noise or odor from any source, wild and domestic animals, other nuisances, hazards, or circumstances, protected species, wetland properties, botanical diseases, historic or other governmentally protected sites or improvements, cemeteries, facilities and condition of common areas of common interest subdivisions, and possible lack of compliance with any governing documents or Homeowners' Association requirements, conditions and influences of significance to certain cultures and/or religions, and personal needs, requirements and preferences of Buyer.

By signing below, Buyers acknowledge that they have read, understand, accept and have received a Copy of this Advisory. Buyers are encouraged to read it carefully.

Buyer Date
Buyer Date
2021, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®. It is not intended to identify the user as a REALTOR®. REALTOR® is a registered collective membership mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS® who subscribe to its Code of Ethics.

Published and Distributed by:

REAL ESTATE BUSINESS SERVICES, LLC.
a subsidiary of the CALIFORNIA ASSOCIATION OF REALTORS® 525 South Virgil Avenue, Los Angeles, California 90020
BIA REVISED 12/21 (PAGE 2 OF 2)
BUYER'S INVESTIGATION ADVISORY (BIA PAGE 2 OF 2)
Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com The City of Lake Elsinore
000 Spring St.

Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E

BROKER COMPENSATION ADVISORY
C.A.R. Form BCA, 7/24)

1. WHEN SELLERS LIST THEIR PROPERTY FOR SALE THROUGH A REAL ESTATE BROKER THEY AGREE TO PAY THE SELLER'S BROKER WHEN ESCROW CLOSES.

A. LISTING AGREEMENT COMPENSATION IS FULLY NEGOTIABLE: When a seller enters into a listing agreement with a broker, the seller authorizes the broker to find a buyer for the seller's property and agrees to pay the seller's broker if a buyer is found who purchases the property. Compensation amounts are not fixed by law and are fully negotiable between the seller and the seller's broker. When negotiating compensation, the parties may discuss factors such as the broker's expertise and experience, the type of broker services to be performed, and the broker's time and expenses, among other considerations.

B. OPTIONAL ADDITIONAL COMPENSATION IF BUYER IS UNREPRESENTED: A listing agreement may include optional additional compensation amounts owed to the seller's broker for situations where the broker takes on additional responsibilities or workload. Sometimes a buyer may not be working with nor want to be represented by a real estate broker. When that happens, the seller's broker is not required to represent the buyer, and the seller and seller's broker may decide that they do not want to create such a relationship. In those situations, the seller's broker is advised to use a Buyer Non-Agency C.A.R. Form BNA) to inform the buyer that the seller's broker will be acting on behalf of the seller only, and not act as the buyer's agent, throughout the transaction. However, because the buyer is unrepresented, the seller's agent will inevitably have to do more work to facilitate the transaction. A seller may agree to compensate their broker for the additional work in such cases.

C. BROKER MAY REPRESENT BOTH BUYER AND SELLER; DUAL AGENCY: California law allows a brokerage company to represent both seller and buyer in a real estate transaction. At the time the agent, on behalf of a brokerage, obtains the signature of a seller on a listing agreement, the agent will not, in most cases, know who the eventual buyer will be for a seller's property. Similarly, at the time an agent, on behalf of a brokerage, obtains the signature of a buyer on a buyer representation agreement, the agent will not, in most cases, know who the eventual seller will be for a property the buyer wants to buy. Because many individual licensees may work through one brokerage company, and some individual licensees work with many buyers and sellers, there is a possibility that the same brokerage company will represent both buyer and seller in a transaction. If licensees working through broker represent both seller and buyer, broker is allowed to receive compensation from each, provided the seller and buyer are advised of the relationship and the total amount of compensation the broker will receive.

2. BROKER AGREEMENTS WITH BUYERS:

A. BUYER REPRESENTATION COMPENSATION IS FULLY NEGOTIABLE: When a buyer enters into a representation agreement with a broker, the buyer authorizes the broker to locate properties for the buyer to buy and agrees to pay the buyer's broker if a transaction is completed. Compensation amounts are not fixed by law and are fully negotiable. When negotiating compensation, the parties may discuss factors such as the broker's expertise and experience, the type of broker services to be performed, and the broker's time and expenses, among other considerations.

B. REQUIREMENT FOR WRITTEN AGREEMENTS: Pursuant to a nationwide class action settlement reached by the National Association of REALTORS® ( NAR), participants in Multiple Listing Services are required to have a written agreement with a buyer prior to showing a buyer a residential property or giving a buyer a tour of such a property. The agreement must identify the amount of compensation to be paid to the broker for services provided and require that the broker cannot receive any compensation in excess of the amount specified in the agreement. Pursuant to legislation expected to become law in California on January 1, 2025, all licensees showing a buyer any type of property will be required to have a written agreement with that buyer prior to the showing.

BCA 7/24 (PAGE 1 OF 2)
BROKER COMPENSATION ADVISORY ( BCA PAGE 1 OF 2)
Phone: Fax:

Jessica Small
Docusign DA418FAACC60Docusign Envelope Envelope ID: ID: 054009AE- 3C29A5EA-B47A- AA01-4C81- 49B8-9500- BE1D- 42136219DE5E C. ADVANTAGES OF WRITTEN AGREEMENTS: Buyers and their brokers benefit when the terms of their relationship and respective duties are in writing. A written agreement establishes clear, mutual expectations and helps avoid misunderstandings over the buyer and broker's duties and the amount of compensation the buyer's agent is to be paid.

3. WHEN ENLISTING A REAL ESTATE BROKER TO REPRESENT THEM, BUYERS AGREE TO PAY

THE BUYER'S BROKER WHEN ESCROW CLOSES, BUT THE PERSON RESPONSIBLE FOR PAYMENT MAY BE NEGOTIATED IN THE TRANSACTION:

A. BUYER PAYS THE COMPENSATION PURSUANT TO A BUYER REPRESENTATION AGREEMENT:

A buyer's broker may negotiate the amount of compensation directly with the Buyer and then document that agreement in a buyer representation agreement ( C.A.R. Form BRBC or PSRA). The buyer then becomes contractually obligated to pay the broker by providing funds to escrow prior to the closing of a transaction.

B. SELLER PAYS THE COMPENSATION:
1) Buyer negotiates for Seller to Compensate Buyer's Broker: A buyer may make a conditional offer to the seller by including a term in the purchase offer asking the seller to pay the buyer's broker if the buyer has already agreed to pay their own broker pursuant to a buyer representation agreement. If such a term is included in the purchase offer, the request will become one term among many that a seller may accept, reject, or negotiate by way of a counter offer. The possibility of asking the seller to pay the buyer's contractual compensation obligation option should be discussed when creating a buyer representation agreement and prior to an offer being made. 2) Buyer's Agent negotiates an agreement directly with Seller: If a seller is unrepresented or does not have an exclusive agency relationship with another broker, a buyer's broker may approach that seller asking the seller to sign an agreement ( C.A.R. Form SP, Single Party Compensation Agreement) to pay the buyer's broker. In this situation, the seller agrees to pay the buyer's broker compensation without necessarily creating an agency relationship with the broker. When that happens, the buyer's broker is advised to use a Seller Non-Agency (C.A.R. Form SNA) to inform the seller that the buyer's broker will be acting on behalf of the buyer only, and not act as the seller's agent, throughout the transaction. However, because the seller is unrepresented, the buyer's agent will inevitably have to do more work to facilitate the transaction, which may be factored into the negotiation of the single party compensation agreement.

C. CHANGING PRACTICE RELATED TO A SELLER'S BROKER'S OFFER OF COMPENSATION:

Historically, in California, many seller's brokers used a Multiple Listing Service ( MLS) to make a unilateral offer to compensate a buyer's broker who procured a buyer for the seller's property. However, the nationwide NAR settlement prohibits the seller's broker from using an MLS to make such an offer of compensation. The California Association REALTORS®' ( C.A.R.) listing agreement forms no longer provide for such offers of cooperating broker compensation nor does C.A.R. include other forms in its library of forms that might facilitate such offers. Buyers and sellers must separately negotiate compensation with their respective brokers, as specified above.

By signing below, Seller or Buyer acknowledges that they have read, understand, and have received a Copy of this Broker Compensation Advisory. Seller or Buyer acknowledges they have been advised of their various options regarding compensation to be paid to real estate brokers and that any written agreement they have signed with a seller's or buyer's broker reflects a mutual understanding.

Seller/Buyer Date
Seller/Buyer Date
2024, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®.

Published and Distributed by: REAL ESTATE BUSINESS SERVICES, LLC. a subsidiary of the California Association of REALTORS® BCA 7/24 (PAGE 2 OF 2)
BROKER COMPENSATION ADVISORY ( BCA PAGE 2 OF 2)
Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com The City of Lake Elsinore
000 Spring St.

Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E

POSSIBLE REPRESENTATION OF MORE THAN ONE BUYER

OR SELLER - DISCLOSURE AND CONSENT
C.A.R. Form PRBS, Revised 12/21)
A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual broker's or salespersons ( associate licensees) acting under the Broker's license. The associate licensees may be working out of the same or different office locations.

Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships.

Seller and/or Buyer acknowledges reading and understanding this Possible Representation of More Than One Buyer or Seller - Disclosure and Consent and agrees to the agency possibilities disclosed.

Published and Distributed by:

Jessica Small
Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
12/23/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E 2/ 5/ 2026
2/ 5/ 2026

CALIFORNIA CONSUMER PRIVACY ACT ADVISORY,

I/we acknowledge receipt of a copy of this California Consumer Privacy Act Advisory, Disclosure and Notice.

Published and Distributed by:

Jessica Small
Docusign Envelope ID: 054009AE- B47A-4C81-9500-DA418FAACC60 12/24/2025
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E AMENDMENT OF EXISTING AGREEMENT TERMS No.

C.A.R. Form AEA, Reviewed 6/25)
This is a proposal to amend (“ Amendment”) the terms and conditions of the Purchase Agreement, OR Residential Lease or Monthto-Month Rental Agreement, Other (“ Agreement”), which was already mutually executed by the Parties, dated , on property known as Property/Premises),
inwhich is referred to as (“Buyer/Tenant”)
and is referred to as (“Seller/Housing Provider”).

The term " Housing Provider" also includes Landlord or Rental Property Owner. Buyer/Tenant and Seller/Housing Provider are referred to as the “Parties.”

1. 2. EXPIRATION: Buyer/Tenant, Seller/Housing Provider proposes this Amendment Of Existing Agreement Terms, which:( i) may be withdrawn by the Party initiating this proposed Amendment at any time prior to acceptance, and (ii) shall be deemed revoked unless by 5:00 PM on the third Day after it is Signed by the initiating Party ( or by AM PM on date) this proposed Amendment is Signed by the other Party and a Copy of this Amendment is Delivered to the initiating Party.

Buyer/Tenant, Seller/Housing Provider Date
Buyer/Tenant, Seller/Housing Provider Date

3. ACCEPTANCE: The foregoing terms and conditions amending the existing Agreement are hereby accepted, and the undersigned agrees to the above terms and conditions and acknowledges receipt of a Copy of this Amendment Of Existing Agreement Terms.

Upon Acceptance, this Amendment shall be deemed incorporated into the Agreement.

Buyer/Tenant, Seller/Housing Provider Date
Buyer/Tenant, Seller/Housing Provider Date
AMENDMENTNOTACCEPTED:/ . This amendment was NOT accepted by Buyer/Tenant/Seller/Housing Provider on ( date). Buyer/ Tenant/ Seller/ Housing Provider Initials 2025, California Association of REALTORS®, Inc. United States copyright law ( Title 17 U.S. Code) forbids the unauthorized distribution, display and reproduction of this form, or any portion thereof, by photocopy machine or any other means, including facsimile or computerized formats. THIS FORM HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS®. NO REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ACCURACY OF ANY PROVISION IN ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®.

Published and Distributed by: REAL ESTATE BUSINESS SERVICES, LLC. a subsidiary of the California Association of REALTORS® AEA REVIEWED 6/25 (PAGE 1 OF 1)
AMENDMENT OF EXISTING AGREEMENT TERMS (AEA PAGE 1 OF 1) Phone: Fax:

Produced with Lone Wolf Transactions ( zipForm Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 www. lwolf. com 1 ONE
December 24, 2025 350 N. Spring St., Lake
Elsinore, CA 92530
The City of Lake Elsinore
Ignacio M. Rodriguez, Blanca Delgado
The following terms and conditions are hereby incorporated in and made part of the Vacant Land Purchase Agreement and Joint Escrow Instructions ( the “ Purchase Agreement’) on property identified as 350 N. Spring St. situated in Lake Elsinore, California, 92530 in which the City of Lake Elsinore is referred to as “ Buyer” and Ignacio Rodriguez and Blanca Delgado is referred to as “ Seller.” For purposes of clarification, the following constitute Contingencies to the Close Of Escrow, and shall be treated as if set forth separately in Paragraph 8 of the Purchase Agreement:

1. The Buyer’ s offer is subject to and contingent upon approval at a duly noticed public meeting of the Buyer’ s legislative body of the Purchase Agreement. Accordingly, the City Council of the City of Lake Elsinore shall have approved the Purchase Agreement in an public, open meeting of the City Council and duly notice in compliance with the Brown Act; and

2. Notwithstanding Paragraph 17( H), in the event that the above- reference contingencies are not satisfied within 45 days of the Acceptance Date, then Buyer shall have the right to terminate the Purchase Agreement by giving to Seller notice of termination (“ Termination Notice”) on or before the outside COE date. Upon delivery of the Notice of Termination to Seller, Buyer’ s deposit shall be immediately returned to Buyer without further consent by Seller, less escrow fees incurred by Buyer. To the extent that the foregoing contradicts or is inconsistent with Paragraph 36, this Addendum shall control.

The foregoing terms and conditions are hereby agreed to, and the undersigned acknowledge receipt of a copy of this document.

Better Homes and Gardens Real Estate, 43920 Margarita Road Suite # D Temecula CA 92592 9517572112 ( 866) 699- 9301 000 Spring St.

Jessica Small
Docusign Envelope ID: 3C29A5EA- AA01-49B8-BE1D- 42136219DE5E 2/ 5/ 2026
2/ 5/ 2026
Docusign Envelope ID: A777218D- 5454-4231-A1E1-07068D230DFE 2/ 6/ 2026
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Lake Elsinore City CouncilApril 28, 2026

Lake Elsinore City Council
April 28, 2026