Agenda packet — Lake Elsinore City Council, June 9, 2026 (part 1 of 3)

City of Lake Elsinore Meeting Date:

City Council Meeting                                                     June 09, 2026 Agenda
Cultural Center                                                            Meeting Time:
183 N. Main Street                                                        Closed Session: 5:00 PM Lake Elsinore, CA 92530                                             Open Session: 7:00 PM Mayor Magee
Mayor Pro Tem Sheridan
Council Member Tisdale
Council Member Manos
Council Member Carroll
The City of Lake Elsinore appreciates your attendance. Citizens’ comments, input and interests provide the City Council with valuable information regarding issues of the community.

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

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

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

Accessibility Accommodations
In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the City Clerk’s Department at (951) 674- 3124, Option 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 June 09, 2026
City of Lake Elsinore Page 2
CALL TO ORDER - 5:00 P.M.

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

ROLL CALL
PUBLIC COMMENTS ON CLOSED SESSION ITEMS
CITY COUNCIL CLOSED SESSION
CONFERENCE WITH LABOR NEGOTIATOR (Gov’t Code Section 54957.6) City negotiators: City Manager Jason Simpson; Assistant City Manager Shannon Buckley
Employee organization: Lake Elsinore Chapter of Laborer’s International Union of North America, Local 777
CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APN 378-254-009
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Herrera Francisco Sanchez Under negotiation: Price and terms of payment
SUCCESSOR AGENCY CLOSED SESSION
CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs 373-210-040 and 373-210-042
Agency negotiators: Executive Director Simpson, Assistant City Manager Buckley, Agency Counsel Leibold
Negotiating parties: Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and Lake Elsinore Storm LP, a California limited partnership
Under negotiation: Price and terms of payment
RECESS
The City Council will recess to Closed Session.

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

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

PLEDGE OF ALLEGIANCE
ROLL CALL

1. 2.

3. 4.

4.1 4.2

5. 5.1

6. 7.

8. 9.

City Council Agenda June 09, 2026
City of Lake Elsinore Page 3
CLOSED SESSION REPORT

PRESENTATIONS/CEREMONIALS
America’s 250th Anniversary
Recommendation:

Present the Proclamation proclaiming the 250th Anniversary of the United States of America’s Independence
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 May 26, 2026 Recommendation:

Approve the Minutes
CC Warrant Report Dated May 04, 2026 to May 10, 2026
Recommendation:

Receive and file
CC Warrant Report Dated May 11, 2026 to May 17, 2026
Recommendation:

Receive and file.

Annual Adoption of Investment Policy
Recommendation:

Approve and adopt the 2026 Investment Policy.

Professional Service Agreement with Principal Interest, Inc. for Security Services for the Library Project Site (CIP Project No. Z20003) Recommendation:

Approve and authorize the City Manager to execute a Professional Service Agreement with Principal Interest, Inc. for security services for the Library Project site in the amount of $134,784.00 in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a monthly 10% contingency amount of $13,478.00 for security uncertainties and adjustments.

10. 11.

11.1 12.

13. 13.1

13.2 13.3

13.4 13.5
City Council Agenda June 09, 2026
City of Lake Elsinore Page 4
Professional Services Agreement with Principal Interest, Inc. for Security Services for the Senior Housing Project (CIP Project No. Z20026) Recommendation:

Approve and authorize the City Manager to execute a Professional Service Agreement with Principal Interest, Inc. security services for the Senior Housing Project site in an amount not to exceed $134,784.00 in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a monthly 10% contingency amount of $13,478.00 for security uncertainties and adjustments.

Adoption of the Lake Elsinore Film Attraction Plan
Recommendation:

Adopt the Lake Elsinore (“Film LE”) Film Attraction Plan to establish a coordinated strategy to increase film production activity within the City of Lake Elsinore, enhance economic development opportunities, support local businesses, promote tourism, and position Lake Elsinore as a film-friendly destination within Southern California.

Fiscal Year 2026-2027 SB-1 Project Declaration
Recommendation:

Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING A LIST OF PROJECTS FOR FISCAL YEAR 2026-2027 FUNDED BY SB 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017. 2026 Annual Consumer Price Index Increase for Refuse Collection Services Provided by CR&R
Recommendation:

Receive and file.

Agreement with Wesco for Lighting Installation Services at Tuscany Hills Ball Field (CIP Project No. Z40021)
Recommendation:

Approve and authorize the City Manager to execute a Contractor Services Agreement with Wesco for Lighting Installation Services at Tuscany Hills Ball Field in an amount not to exceed $103,738.56 in such final form as approved by the City Attorney, and authorize the City Manager to execute change orders not exceeding a 10% contingency of $10,373 for uncertainties and adjustments.

SUCCESSOR AGENCY CONSENT CALENDAR
Minutes of the Regular Successor Agency Meeting of May 26, 2026 Recommendation:

Approve the Minutes.

13.6 13.7

13.8 13.9

13.10 14.

14.1 City Council Agenda June 09, 2026
City of Lake Elsinore Page 5
SA Warrant Report Dated May 04, 2026 to May 10, 2026
Recommendation:

Receive and file.

SA Warrant Report Dated May 11, 2026 to May 17, 2026
Recommendation:

Receive and file.

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

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. 30);

1. 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. 30); and

2. 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.

3. Assembly Bill 2561/Government Code Section 3502.3 Regarding Vacancies, Recruitment, and Retention Efforts
Recommendation:

Receive and file the informational report on City of Lake Elsinore vacancies, recruitment, and retention efforts in compliance with Assembly Bill 2561/Government Code Section 3502.3.

Preliminary Capital Improvement Plan (CIP) Budget for Fiscal Years 2026-27 to 2030-31
Recommendation:

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

CALIFORNIA, ADOPTING THE CAPITAL IMPROVEMENT PLAN FOR FISCAL YEARS 2026-27 THROUGH 2030-31.

14.2 14.3

15. 15.1

15.2 15.3
City Council Agenda June 09, 2026
City of Lake Elsinore Page 6
BUSINESS ITEM
Adoption of the Fiscal Year 2026-27 Annual Operating Budget, Schedule of Authorized Positions and Salary Schedule, and the GANN Limit Recommendation:

Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING THE FY 2026-27 ANNUAL OPERATING

BUDGET AND ESTABLISHING THE CONTROLS ON CHANGES IN THE
APPROPRIATIONS;

1. Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING THE FY 2026-2027 SCHEDULE OF AUTHORIZED POSITIONS AND SALARY SCHEDULE; and

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

ELSINORE, CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR FY 2026-27 AND SELECTING THE POPULATION AND INFLATION FACTOR ACCORDINGLY.

3. 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, June 23, 2026 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

AFFIDAVIT OF POSTING
I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby affirm that a copy of the foregoing agenda was posted at City Hall at 5:30 p.m. on Thursday, June 4, 2026. ______________________________
Candice Alvarez, MMC, City Clerk

16. 16.1

17. 18.

19. 20.

21. 22.

City Council Agenda June 09, 2026
City of Lake Elsinore Page 7

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: Barbara Leibold, City Attorney
Date: June 9, 2026
Subject: CONFERENCE WITH LABOR NEGOTIATOR (Gov’t Code Section 54957.6) City negotiators: City Manager Jason Simpson; Assistant City Manager Shannon Buckley
Employee organization: Lake Elsinore Chapter of Laborer’s International Union of North America, Local 777

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: Barbara Leibold, City Attorney
Date: June 9, 2026
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Gov’t Code Section 54956.8)
Property: APN 378-254-009
Agency negotiator: City Manager Simpson
Negotiating parties: City of Lake Elsinore and Herrera Francisco Sanchez Under negotiation: Price and terms of payment

Page 1 of 1 ends

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Barbara Leibold, Agency Counsel
Date: June 9, 2026
Subject: CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Gov’t Code Section 54956.8)
Property: APNs 373-210-040 and 373-210-042
Agency negotiators: Executive Director Simpson, Assistant City Manager Buckley, Agency Counsel Leibold
Negotiating parties: Successor Agency of the Redevelopment Agency of the City of Lake Elsinore and Lake Elsinore Storm LP, a California limited partnership Under negotiation: Price and terms of payment

Page 1 of 1 ends

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: June 9, 2026
Subject: America’s 250th Anniversary
Recommendation
Present the Proclamation proclaiming the 250th Anniversary of the United States of America’s Independence
Attachments
Attachment 1 – Proclamation
America
’s 250 Anniversary
th
Proclamation
WHEREAS, On July 4, 2026, our nation will commemorate the Semiquincentennial anniversary of the signing of the Declaration of Independence; and
WHEREAS, The journey toward this historic milestone is an opportunity to reflect on our nation’s past, honor the contributions of all Americans, and look ahead to the future generations who will carry forward the ideals of democracy and individual liberty that make the United States a unique nation in the world community; and
WHEREAS, The great state of California was shaped by generations of pioneers, settlers, and patriots whose spirit of independence and perseverance helped build communities throughout the American West; and
WHEREAS, Lake Elsinore, a vibrant and historic community, incorporated on April 9, 1888, grew to become an important community in Riverside County, known for its scenic natural lake, strong community spirit, and commitment to preserving its rich heritage while looking toward the future; and
WHEREAS, The National Society Daughters of the American Revolution (DAR) is a nonpolitical women’s service organization, established in 1890, whose members are lineally descended from Patriots of the American Revolution; and
WHEREAS, Through the President General’s leadership, all Daughters are spending the next three years Illuminating Our Legacy by celebrating our nation’s rich history and diversity, promoting belonging through membership and dedicated service to God, Home, and Country, and by completing projects in unique, local and impactful ways; and WHEREAS, The California Daughters of the American Revolution join communities across the nation in commemorating America’s 250th anniversary and honoring the enduring legacy of patriotism, service, and civic pride within Lake Elsinore.

Robert E. Magee
Mayor
NOW, THEREFORE, BE IT RESOLVED that the
City Council of the City of Lake Elsinore, California,
does hereby recognize and commemorate the 250th
Anniversary of the United States of America and
encourages all residents to reflect upon our nation’s
history, honor the sacrifices and contributions of
those who secured and preserved our liberty, and
participate in activities that celebrate the enduring
ideals of freedom, democracy, and civic unity.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Candice Alvarez, MMC, City Clerk
Date: June 9, 2026
Subject: Minutes of the Regular City Council Meeting of May 26, 2026 Recommendation
Approve the Minutes
Attachments
Attachment 1 – Draft Minutes
City of Lake Elsinore Meeting Date:

City Council Meeting May 26, 2026
Minutes - Draft
Meeting Time:

Closed Session: NONE
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 - 7:00 P.M.

The Regular Meetings of the City Council and the Successor Agency were called to order at 7:00 p.m.

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

3. ROLL CALL

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

Absent: 0 - None

4. PRESENTATIONS/CEREMONIALS

4.1 Certificate of Recognition to Kora Priske
Present a Certificate of Recognition to Kora Priske who placed first in the Regional Civics Bee and will now head to State finals.

Mayor Magee presented the Certificate to Kora Priske.

4.2 Business in Action Monthly Spotlight for May 2026-Elsinore Barber and Beauty
Recognize Elsinore Barber and Beauty as the City of Lake Elsinore’s Business in Action Monthly Spotlight for May 2026.

Mayor Magee presented the Certificate to Tina Breese.

City Council Minutes - Draft May 26, 2026
City of Lake Elsinore Page 2

5. PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
There were no speakers.

6. CITY COUNCIL CONSENT CALENDAR
Moved by Council Member Manos, Seconded by Council Member Tisdale to approve the City Council Consent Calendar with Agenda Item No. 6.9 being removed for discussion. 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)

6.1 Minutes of the Regular City Council Meeting of May 12, 2026 Approve the Minutes.

This item was approved on the City Council Consent Calendar.

6.2 CC Warrant Report Dated April 20, 2026 to April 26, 2026 Receive and file.

This item was approved on the City Council Consent Calendar.

6.3 CC Warrant Report Dated April 27, 2026 to May 03, 2026 Receive and file.

This item was approved on the City Council Consent Calendar.

6.4 CC Investment Report for April 2026
Receive and file the Investment Report for April 2026.

This item was approved on the City Council Consent Calendar.

6.5 Second Reading of an Ordinance Approving the Development Agreement Amendment (DA 2026-02) for GC Global, LLC
Adopt by title only and waive further reading of AN ORDINANCE OF THE CITY

COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING THE DEVELOPMENT AGREEMENT AMENDMENT (DA-2026-02) FOR GC GLOBAL, LLC LOCATED AT 31875
Corydon Road, unit 140 (APN: 370-051-010).

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft May 26, 2026
City of Lake Elsinore Page 3

6.6 Second Reading of an Ordinance Regulating Electric Bicycles and Other Electric Transportation Devices
Adopt by title only and waive 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.

This item was approved on the City Council Consent Calendar.

6.7 Contractor Services Agreement with Harrigan’s Toilet Partitions, Inc. for the Purchase and Installation of Bathroom Partitions and Accessories in the New City Hall Project (CIP Project #Z20006)
Approve and authorize the City Manager to execute a Contractor Services Agreement with Harrigan’s Toilet Partitions Inc in an amount not to exceed $62,000.00 for the design, purchase, and installation of bathroom partitions and accessory equipment in the New City Hall Project in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed the 10% contingency amount of $6,200.00; and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was approved on the City Council Consent Calendar.

6.8 Public Works Construction Agreement with Pursuit Electric, Inc. for the Installation of the Electrical and Low Voltage Power Systems in the New City Hall Council Chamber (CIP Project #Z20006)
Approve and authorize the City Manager to execute a Public Works Construction Agreement with Pursuit Electric, Inc. in an amount not to exceed $225,000.00 for the installation of the electrical and low voltage systems in the New City Hall Council Chamber 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 $22,500.00 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.

6.9 CFD 2016-2 (Canyon Hills) 2026 Special Tax Refunding Bonds Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2016-2 OF THE CITY OF LAKE ELSINORE (CANYON HILLS), AUTHORIZING THE ISSUANCE OF ITS 2026

SPECIAL TAX REFUNDING BONDS AND APPROVING CERTAIN

DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH.

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

City Council Minutes - Draft May 26, 2026
City of Lake Elsinore Page 4

6.10 Amendment No. 1 to the Agreement with American Lady Vets Services, Inc. for Lake Water Quality Services
Approve and authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with American Lady Vets Services, Inc. (ALV, Inc.), for an additional amount of $150,000 for a new annual amount not to exceed $356,000 for lake water quality services in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

6.11 Agreement with Mpressions for City Hall Signage in Support of City Operations
Approve and authorize the City Manager to execute a Contractor Services Agreement with Mpressions in an amount not to exceed $160,000 for the installation and support of City Hall Signage in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

6.12 Public Works Construction Agreement with SAS Construction for the Bid Set ‘B’, on the new City Library Project CIP Project No. Z20003 Approve and authorize the City Manager to execute a Public Works Construction Agreement with SAS Construction in an amount not to exceed $3,747,900.00 for Bid Set ‘B’, on the new City Library Project in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed the 10% contingency amount of $374,790.00 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.

6.13 Professional Services Agreement with EPD Solutions, Inc. for the Environmental Documentation for the Dreamline Project
Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for the Dreamline project in an amount not to exceed
$302,080.00 in such final form as approved by the City Attorney, and authorize the City Manager to execute change orders not to exceed a contingency amount of $30,200.00 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft May 26, 2026
City of Lake Elsinore Page 5

6.14 Final Maps TR 31593-2, TR 31593-3, TR 31593-4, TR 31593-5, and TR 31593, South Shore
Approve Final Tract Maps No. 31593-2, 31593-3, 31593-4, 31593-5, and 31593, subject to the City Engineer's acceptance as being true and correct; authorize the City Clerk to sign the maps and arrange for their recordation; and approve and authorize the City Manager to execute the construction agreements.

This item was approved on the City Council Consent Calendar.

6.15 Agreement with the California Department of Forestry and Fire for Wildland Protection Services
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, APPROVING AN AGREEMENT WITH THE

CALIFORNIA DEPARTMENT OF FORESTRY AND FIRE FOR WILDLAND PROTECTION SERVICES FOR FISCAL YEAR 2026-2027.

This item was approved on the City Council Consent Calendar.

6.16 Amendment No. 1 to the Agreement with UniFirst for Employee Uniforms, Shop Towels, and Logo Mat Services
Approve and authorize the City Manager to execute Amendment No. 1 to the Contractor Services Agreement with Unifirst for the employee uniforms, shop towels, and logo mat services and increase annual compensation by an additional $4,331 for a total amount not to exceed $30,126.64 in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

ITEM REMOVED FROM THE CITY COUNCIL CONSENT CALENDAR FOR DISCUSSION

6.9 CFD 2016-2 (Canyon Hills) 2026 Special Tax Refunding Bonds Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE

ELSINORE, CALIFORNIA, ACTING AS THE LEGISLATIVE BODY OF COMMUNITY FACILITIES DISTRICT NO. 2016-2 OF THE CITY OF LAKE ELSINORE (CANYON HILLS), AUTHORIZING THE ISSUANCE OF ITS 2026

SPECIAL TAX REFUNDING BONDS AND APPROVING CERTAIN

DOCUMENTS AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH.

Brian Forbath, Stradling Yocca Carlson & Rauth LLP, presented the staff report.

There were no speakers.

City Council Minutes - Draft May 26, 2026
City of Lake Elsinore Page 6
Moved by Council Member Manos, Seconded by Council Member Tisdale to adopt the Resolution. 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)

7. 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)

7.1 Minutes of the Regular Successor Agency Meeting of May 12, 2026 Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

7.2 SA Warrant Report Dated April 20, 2026 to April 26, 2026 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

7.3 SA Warrant Report Dated April 26, 2026 to May 03, 2026 Receive and file.

This item was approved on the Successor Agency Consent Calendar.

7.4 SA Investment Report for April 2026
Receive and file the Investment Report for April 2026.

This item was approved on the Successor Agency Consent Calendar.

8. PUBLIC HEARINGS
City Council Minutes - Draft May 26, 2026
City of Lake Elsinore Page 7

9. BUSINESS ITEMS

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

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

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

19. CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED
City Treasurer Castro reported on his presenting Carl Grave Scholarship Awards to Jeremiah Norman, Cassandra, Lucas Pierce, Roxana Osario, and Zachary Wagner.

Council Member Carroll spoke on his attendance at the International Conference of Shopping Centers (ICSC) and his activities out in the community.

Council Member Tisdale spoke on his attendance at ICSC; acknowledged students at Rice Canyon Elementary School; encouraged residents to report mosquitoes with the Mosquito and Vector Control District; shared ballot drop-off locations and vote centers where citizens may vote in the June 2, 2026 Primary Election; and shared that the Lake Elsinore RSO Traffic team was recognized by Mothers Against Drunk Driving (MADD).

Council Member Manos reported on his attendance at the Riverside County Airport Land Use Commission meeting on May 14, 2026 and the Riverside County Habitat Conservation Agency meeting on May 19, 2026; and reported on his attendance and participation in the ICSC.

Mayor Pro Tem Sheridan shared information for the Riverside Transit Agency's Customer Information Center; noted his attendance at the Elsinore Valley Champions Closing Ceremony on May 2, 2026; shared photos of his participation in the COPS for Kids Golf Classic held on May 1, 2026; invited the community to participate in the Habitat for Humanity Hit FORE Homes Golf Classic on June 15, 2026 at Bear Creek Golf Club; and recognized The Wreck for their ribbon cutting ceremony on May 22, 2026.

Mayor Magee invited the community to attend the Southern California Sand Drag Association's Lake Elsinore Sand Showdown event on June 5-7. 2026 at the Lake Elsinore Raceway; and invited kids 15 and younger to participate in the Just 4 Kids Fishing Derby on Saturday, June 6, 2026 from 7:30 a.m. - 10:30 a.m. at the Lake Elsinore Levee.

City Council Minutes - Draft May 26, 2026
City of Lake Elsinore Page 8

20. ADJOURNMENT
The Lake Elsinore City Council adjourned at 7:33 p.m. to the next Regular meeting of Tuesday, June 9, 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
MAY 04, 2026
TO MAY 10, 2026

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,048,831.52 $
103 THE ANCHOR 67,093.05
121 TOTAL ROAD IMPROVEMENT PROGRAM 1,440.00
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 22,950.68 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 9,044.52 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 26,147.13 180 LAUNCH POINTE 94,897.09
300 INSURANCE SERVICE (10,769.80)
305 INFORMATION SYSTEMS SERVICE 53,667.71
310 SUPPORT SERVICE 5,607.64
315 FLEET SERVICE 38,976.42
320 FACILITIES SERVICE 22,583.02
500 CAPITAL IMPROVEMENT PLAN 377,314.68
620 COST RECOVERY TRUST DEPOSITS 1,048,351.00
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 1,688.23
GRAND TOTAL 2,807,822.89 $
Attachment 1 1 of 1
MAY 04, 2026
TO MAY 10, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26002007 ACTION GAS & WELDING SUPPLY 161.16 $
APA26002008 AMERICAN LADY VETS, INC 14,894.00
APA26002009 ANDY'S GLASS & WINDOW CO. 71,283.07
APA26002010 AZTECA CLEANING SERVICES LLC 19,374.16
APA26002011 BALLARD MARINE CONSTRUCTION LLC 38,210.00
APA26002012 BLUEBEAM, INC. 8,750.00
APA26002013 CALIFORNIA INLAND EMPIRE COUNCIL 806.00
APA26002014 CAPIO 425.00
APA26002015 CARAHSOFT TECHNOLOGY CORPORATION 23,086.00
APA26002016 CDW GOVERNMENT, INC. 4,553.19
APA26002017 CED LAGUNA 27,030.36
APA26002018 CENTURY LINK 40.97
APA26002019 CITY NET 63,830.68
APA26002020 CONCENTRA 315.00
APA26002021 COSTAR REALTY INFORMATION INC. 902.14
APA26002022 CR&R, INC. 2,197.00
APA26002023 CREATIVE INDUSTRIES MEDIA GROUP 3,253.75
APA26002024 DAVID TURCH & ASSOCIATES 3,500.00
APA26002025 DISCOUNT HAULING & CLEANUP SERVICE 14,145.00 APA26002026 DOUGLAS HINER UMPIRING SERVICES 168.00
APA26002027 EXCEL LANDSCAPE, INC. 7,858.38
APA26002028 FEHR & PEERS 2,855.00
APA26002029 FIX AUTO LAKE ELSINORE 12,163.00
APA26002030 FRONTIER CALIFORNIA, INC. 509.25
APA26002031 FRONTIER CALIFORNIA, INC. 76.91
APA26002032 GREAT AMERICA FINANCIAL SERVICES 541.56
APA26002033 HEMET FENCE CORP 27,000.00
APA26002034 HUNSAKER & ASSOCIATES IRVINE, INC. 4,422.00 APA26002035 LIFTOFF, LLC 426.00
APA26002036 LIUNA LOCAL 777 720.00
APA26002037 MORTON PEST CONTROL INC 210.00
APA26002038 NPG, INC. 51,448.75
APA26002039 O'REILLY AUTO STORES INC/FIRST CALL 337.32
APA26002040 PLUMBERS DEPOT, INC. 2,889.43
APA26002041 R&R BUSINESS SOLUTIONS 452.80
APA26002042 RAPID FIRE SAFETY & SECURITY LLC 515.00
APA26002043 RELIABLE RENTALS, INC 2,840.00
APA26002044 RIVERSIDE COUNTY FLOOD CONTROL 23,257.70
APA26002045 RP LANDSCAPE & IRRIGATION 74,522.80
APA26002046 SOUTHERN CALIFORNIA EDISON CO. 18,522.27
APA26002047 SOUTHWEST LIFT & EQUIPMENT, INC. 1,947.50
Attachment 2 1 OF 3
MAY 04, 2026
TO MAY 10, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26002048 STAUFFER LAWN EQUIPMENT 59.80
APA26002049 STK ARCHITECTURE, INC. 20,106.21
APA26002050 THE VALLEY BUSINESS JOURNAL, INC 8,700.00
APA26002051 UNIFIRST CORP 740.76
APA26002052 URBAN FUTURES, INC. 7,200.00
11536 AK SECURITY ALARM LLC 11,752.73
11537 AMAZON BUSINESS 3,705.64
11538 AREA 63 PRODUCTIONS 4,650.00
11539 BRINKS INCORPORATED 93.34
11540 BRINKS INCORPORATED 1,165.22
11541 CARDLOCK FUELS SYSTEM LLC 10,819.34
11542 CM WASH EQUIPMENT 3,758.72
11543 COMMERCIAL DOOR COMPANY, INC. 1,427.19
11544 COTTER CONSTRUCTION, INC. 19,750.00
11545 ENDRESEN DEVELOPMENT, INC. 10,000.00
11546 ENDRESEN DEVELOPMENT, INC. 20,000.00
11547 ENDRESEN DEVELOPMENT, INC. 9,646.60
11548 ENDRESEN DEVELOPMENT, INC. 7,500.00
11549 HDR ENGINEERING, INC. 54,206.72
11550 HESTER ROOFING 11,300.00
11551 INNOVATIVE DOCUMENT SOLUTIONS 3,066.08
11552 MURASE, CHERYL M 15,825.00
11553 PYE BARKER 430,418.50
11554 QUADIENT FINANCE USA, INC. 2,000.00
11555 REGIONAL CONSERVATION AUTHORITY 295,738.00
11556 RENTERIA, YARABITH BUENFIL 1,426.50
11557 RIGHTWAY SITE SERVICES, INC. 67.05
11558 SAN DIEGO ICE COMPANY, INC. 158.85
11559 SEARLE CREATIVE GROUP LLC 1,770.00
11560 SECURITAS SECURITY SERVICES USA, INC. 2,975.69
11561 SMER RESEARCH 1, LLC 15,194.04
11562 SOBOBA BAND OF LUISENO INDIANS 6,003.00
11563 SOUTHERN CALIFORNIA GAS CO. 91.53
11564 TALIMAR SYSTEMS, INC 47,825.96
11565 TC SPORTS MANAGEMENT, LLC 29,233.33
11566 THOMSON REUTERS - WEST PUBLISHING CORP. 565.61
11567 YESCO SIGNS LLC 1,994.60
11568 YUNEX, LLC 5,190.00
144102 ECONOMIC DEVELOPMENT CORPORATION 28,580.00
144103 EMPLOYMENT DEVELOPMENT DEPARTMENT, STATE OF CALIFORNIA 7,694.00 144104 EVMWD 35,811.30
144108 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 13,320.00 Attachment 2 2 OF 3
MAY 04, 2026
TO MAY 10, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
144109 LAKE ELSINORE OUTLET 16,147.51
DFT260768 CIVIC PARTNERS ELSINORE, LLC 25,526.35
DFT260769 MCMILLIN SUMMERLY, LLC 390,755.57
DFT260770 ORIX PUBLIC FINANCE, LLC 560,135.58
DFT260772 SOUTH COAST A.Q.M.D. 179.49
DFT260773 DISH 154.22
DFT260774 SOUTH COAST A.Q.M.D. 565.63
DFT260775 PYE BARKER (383,504.74)
DFT260776 PYE BARKER (46,913.76)
DFT260778 PAYCHEX OF NEW YORK, LLC 2,314.18
DFT260779 TASC 11,661.68
DFT260781 RIVERSIDE COUNTY SHERIFF'S OFFICE 926.50
DFT260782 STATE DISBURSEMENT UNIT 134.30
DFT260783 STATE DISBURSEMENT UNIT 245.53
DFT260784 FRANCHISE TAX BOARD 85.00
DFT260785 INTERNAL REVENUE SERVICE 198.50
DFT260786 NATIONWIDE TRUST COMPANY, FSB 2,103.79
DFT260787 MISSION SQUARE RETIREMENT 450.77
DFT260793 CALPERS 76,446.26
DFT260794 INTERNAL REVENUE SERVICE 115,993.77
DFT260795 MISSION SQUARE RETIREMENT 9,094.56
DFT260796 FRANCHISE TAX BOARD 24,246.96
PR05072026 NET PAYROLL 318,902.78
GRAND TOTAL 2,807,822.89 $
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
MAY 11, 2026
TO MAY 17, 2026

CITY OF LAKE ELSINORE CITY WARRANT SUMMARY
FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 127,789.14 $
103 THE ANCHOR 410.79
110 GAS TAX 1,403.47
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 37,361.31 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 4,607.44 180 LAUNCH POINTE 4,371.26
305 INFORMATION SYSTEMS SERVICE 29,157.27
310 SUPPORT SERVICE 6,900.30
315 FLEET SERVICE 139.24
320 FACILITIES SERVICE 1,791.98
330 CFD 2015-2S MAINTENANCE SERVICES 326.37
500 CAPITAL IMPROVEMENT PLAN 621,458.82
608 TRUST DEPOSITS 5,088.13
617 HOUSING 85.00
620 COST RECOVERY TRUST DEPOSITS 38,811.28
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 1,709.15 GRAND TOTAL 881,410.95 $
Attachment 1 1 of 1
MAY 11, 2026
TO MAY 17, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
APA26002053 ACTION GAS & WELDING SUPPLY 63.26 $
APA26002054 ALBERT WEBB & ASSOCIATES 26,815.00
APA26002055 ALL AMERICAN ASPHALT 37,026.25
APA26002056 BERRYDUNN 11,990.00
APA26002057 BSN SPORTS, LLC 282.58
APA26002058 CALIFORNIA, STATE CONTROLLERS OFFICE 1,025.04 APA26002059 CED LAGUNA 6,298.99
APA26002060 CHARLES ABBOTT ASSOCIATES, INC. 7,584.12
APA26002061 CHARTER COMMUNICATIONS 1,012.18
APA26002062 CONCENTRA 945.00
APA26002063 CR&R, INC. 700.61
APA26002064 DIRECTV 159.99
APA26002065 DISCOUNT HAULING & CLEANUP SERVICE 10,670.00 APA26002066 DP GLASS CO 118,750.00
APA26002067 EGP CONSULTING, INC. 18,175.31
APA26002068 ENVIROMINE, INC. 1,356.25
APA26002069 FRONTIER CALIFORNIA - INTERNET 1,072.11
APA26002070 FRONTIER CALIFORNIA, INC. 102.36
APA26002071 GEI CONSULTANTS INC 5,313.02
APA26002072 GREAT AMERICA FINANCIAL SERVICES 600.30
APA26002073 HANCOCK, LORENA 3,277.50
APA26002074 INLAND FOUNDATION ENGINEERING, INC. 10,660.00 APA26002075 O'REILLY AUTO STORES INC/FIRST CALL 123.32
APA26002076 PRESS-ENTERPRISE, THE 1,720.11
APA26002077 PUBLIC SAFETY ENTERPRISE COMMUNICATION 730.56 APA26002078 RIGHTWAY SEPTIC TANK PUMPING 710.00
APA26002079 RSG, INC. 85.00
APA26002080 SCOTT FAZEKAS & ASSOCIATES, INC. 996.49
APA26002081 SOUTHERN CALIFORNIA EDISON CO. 40,953.19
APA26002082 TRANSTECH ENGINEERS, INC. 52,741.30
APA26002083 VALLEY-WIDE ELITE GYMNASTICS 1,740.75
APA26002084 VAN ENGINEERING, INC. 70,910.75
APA26002085 VERIZON WIRELESS (#1) 6,310.03
APA26002086 VERIZON WIRELESS (#2) 3,378.88
APA26002087 VISTA PAINT CORPORATION 766.56
APA26002088 VULCAN MATERIALS COMPANY 873.91
11569 AK SECURITY ALARM LLC 20,832.82
11570 ALVAREZ ENTERPRISE SERVICES 11,753.77
11571 AMAZON BUSINESS 1,228.19
11572 AMERICAN MATERIAL COMPANY 4,211.13
11573 CARAHSOFT TECHNOLOGY CORPORATION 23,086.00
Attachment 2 1 OF 2
MAY 11, 2026
TO MAY 17, 2026

CITY OF LAKE ELSINORE CITY WARRANT LIST
WARRANT NO. VENDOR NAME AMOUNT
11574 CIVICA LAW GROUP, APC 31,199.00
11575 COTTER CONSTRUCTION, INC. 18,700.00
11576 DELONE, MARIA JAZMINE 1,271.25
11577 ENDRESEN DEVELOPMENT, INC. 10,000.00
11578 ENDRESEN DEVELOPMENT, INC. 16,000.00
11579 ENDRESEN DEVELOPMENT, INC. 23,500.00
11580 ENDRESEN DEVELOPMENT, INC. 19,877.84
11581 ENDRESEN DEVELOPMENT, INC. 8,500.00
11582 FENNEMORE CRAIG, P.C. 10,626.00
11583 FERGUSON 3,297.00
11584 FERGUSON 503.23
11585 GMS ELEVATOR SERVICES, INC. 390.00
11586 HEFINGTON MARTIAL ARTS 506.25
11587 HESTER ROOFING 94,164.00
11588 MICHAEL BAKER INTERNATIONAL, INC. 2,539.50
11589 MORTON PEST CONTROL INC 6,209.45
11590 MURPHY & EVERTZ LLP 890.00
11591 PALMS PARK LLC 4,000.00
11593 PROSTAFF, LLC 3,675.00
11594 PURSUIT ELECTRIC, INC. 99,486.86
11595 RIGHTWAY SITE SERVICES, INC. 5,680.04
11596 SOUTHERN CALIFORNIA GAS CO. 188.57
11597 SOUTHERN CALIFORNIA GAS CO. 1,220.72
11598 SOUTHERN CALIFORNIA GAS CO. 51.92
11599 SOUTHERN CALIFORNIA GAS CO. 89.54
11600 SOUTHERN CALIFORNIA GAS CO. 28.16
11601 SOUTHERN CALIFORNIA GAS CO. 22.22
11602 SOUTHERN CALIFORNIA GAS CO. 14.30
11603 SOUTHERN CALIFORNIA GAS CO. 18.26
11604 SOUTHERN CALIFORNIA GAS CO. 18.26
144110 UNITED STATES POSTAL SERVICE 6,300.00
144111 ADVANCED WELDTEC, INC 4,358.13
144112 DAVIS, TIMOTHY 322.82
144113 SUNNY GO CAR WASH 730.00
GRAND TOTAL 881,410.95 $
Attachment 2 2 OF 2

Page 1 of 1 ends

Background and Discussion
Under Government Code Section 53646(a), the City’s Investment Policy should be reviewed and adopted by the City Council annually.

The City’s investment advisor, PFM Asset Management LLC (PFM) has reviewed the Investment Policy and provided recommendations. These recommendations have been incorporated in this year’s investment policy. A copy of the memorandum from PFM noting their evaluation and recommendations is included with this report.

The City Treasurer has reviewed the Investment Policy presented and has no objection. The policy conforms well within that allowed by the California Government Code. The policy has all required elements as outlined in the Model Investment Policy of the Municipal Treasurers’ Association of the United States & Canada.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1 – 2026 Investment Policy
Attachment 2 – 2026 Investment Policy PFM Recommendations City of Lake Elsinore
Investment Policy
June 09, 2026
1 CITY OF LAKE ELSINORE

INVESTMENT POLICY
JUNE 2026
1) INTRODUCTION
The purpose of this document is to set out the policies and procedures that enhance opportunities for a prudent and systematic investment program and to organize and formalize investmentrelated activities.

The investment policies and practices of the City of Lake Elsinore (the “City”) are, in every case, subject to and limited by applicable provisions of state law and to prudent money management principles. All funds will be invested in accordance with the City’s Investment Policy, and applicable provisions of Chapter 4 of Part 1 of Division 2 of Title 5 of the California Government Code (Section 53600 et seq.). 2) SCOPE
The investment policy applies to all financial assets, except bond proceeds and retirement funds, accounted for in the City of Lake Elsinore Annual Comprehensive Financial Report (ACFR) and any new fund created by the City Council, unless specifically exempted. The provisions of relevant bond documents will govern the investment of bond proceeds. 3) OBJECTIVES
The primary objectives, in priority order, of the City’s investment activities shall be:

A) Safety of Principal
Safety of principal is the foremost objective of the City. Investments of the City shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The City shall seek to preserve principal by mitigating two types of risk: credit risk and interest rate risk.

1. Credit Risk: The City will minimize credit risk, which is the risk of loss due to the failure of the security issuer or backer, by:
• Limiting investments to the types of securities listed in the Authorized Investments section of this Investment Policy. • Diversifying the investment portfolio so that the impact of potential losses from any one type of security or from any one individual issuer will be minimized.

City of Lake Elsinore
Investment Policy
June 09, 2026
2 2. Interest Rate Risk: The City will minimize interest rate risk, which is the risk that the market value of securities in the portfolio will fall due to changes in market interest rates, by:
• Structuring the investment portfolio with marketable securities so that securities can be liquidated to meet cash flow needs or structuring the portfolio to mature to meet cash requirements for ongoing operations.

B) Liquidity
Historical cash flow trends are compared to current cash flow requirements on an ongoing basis in an effort to ensure that the City’s investment portfolio will remain sufficiently liquid to enable the City to meet all reasonably anticipated operating requirements.

C) Yield
The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints and the cash flow characteristics of the portfolio. 4) PRUDENCE
In managing its investment program, the City will observe the “Prudent Investor” standard as stated in Government Code Section 53600.3, applied in the context of managing an overall portfolio. Investments will be made with care, skill, prudence and diligence under the circumstances then prevailing, including, but not limited to, the general economic conditions and the anticipated needs of the City, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the City. Within the limitations of this section and considering individual investments as part of an overall strategy, investments may be acquired as authorized by law.

This standard of prudence shall be applied in the context of managing an overall portfolio.

Investment officers acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security’s credit risk or market price changes provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments. 5) PERFORMANCE EVALUATION
Investment performance is to be continually monitored and evaluated by the City Manager or his designee. The City’s primary portfolio performance will be measured against a total return index with securities of similar attributes and similar average maturity, e.g., ICE BofA 1-5 Year U.S.

Treasury Index.

City of Lake Elsinore
Investment Policy
June 09, 2026
3 6) DELEGATION OF AUTHORITY
In accordance with the City Council Policy of the City of Lake Elsinore and under authority granted by the City Council, the City Treasurer’s function and responsibility for investing the unexpended cash in the City Treasury has been delegated to the City Manager or his designee.

The responsibility for conducting the City’s investment program has been delegated to the City Manager or his designee, who shall establish written procedures for the operation of the investment program consistent with this investment policy. Such procedures shall include explicit delegation of authority to persons responsible for all investment activities.

No person may engage in an investment transaction except as provided under the terms of the policy and the procedures established by the City Manager or his designee. Portfolio management and transactions may be delegated to an independent investment advisor registered with the SEC.
7) INVESTMENT PROCEDURES
The City Manager or his designee shall establish written investment procedures and a system of controls to regulate the operation of the investment program and the activities of subordinate officials consistent with this policy. The procedures should include reference to: safekeeping, repurchase agreements, wire transfer agreements, banking service contracts and collateral/depository agreements. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of the policy and the procedures established by the City Manager or his designee.
8) ETHICS AND CONFLICTS OF INTEREST
Officers and employees involved in the investment process shall refrain from personal business activity that conflicts with proper executions of the investment program or impairs their ability to make impartial investment decisions. Additionally, the City Officials are required to annually file applicable financial disclosures as required by the Fair Political Practices Commission (FPPC). 9) SAFEKEEPING AND CUSTODY
To protect against fraud or embezzlement of losses caused by collapse of an individual securities dealer, all deliverable securities owned by the City shall be held in safekeeping by a third-party bank / trust department.

All deliverable security transactions entered by the City of Lake Elsinore shall be conducted on delivery-versus-payment (DVP) basis. All deliverable securities purchased or acquired shall be delivered to the City of Lake Elsinore by book entry, physical delivery, or by third party custodial agreement as required by CGC 53601.

Securities held custody of the City shall be independently audited on an annual basis to verify investment holdings. All exceptions to this safekeeping policy must be approved by the City Manager or his designee in written form and included in monthly reporting to the City Council.

City of Lake Elsinore
Investment Policy
June 09, 2026
4 10) DIVERSIFICATION
The City of Lake Elsinore will diversify its investments by security type and institution. It is the policy of the City of Lake Elsinore to diversify its investment portfolio. Assets shall be diversified to eliminate the risk of loss resulting from over concentration of assets in a specific maturity, a specific issuer, or a specific class of securities. Diversification strategies shall be determined and revised periodically. In establishing specific diversification strategies, the following general policies and constraints shall apply:
a) Maturities selected shall provide for stability of income and liquidity b) Disbursement of payroll dates shall be covered through maturity investments and marketable securities
11) INTERNAL CONTROL
The investment portfolio and all related transactions are reviewed and balanced to appropriate general ledger accounts by the Finance Staff on a monthly basis.

An independent analysis by an external auditor shall be conducted annually to review internal control, account activity, and compliance with policies and procedures and reported to City Council.
12) REPORTING
City Manager or his designee shall submit to City Council, and the City Treasurer a monthly report of investment transactions. The report shall also include a detailed security report. If all funds are placed in LAIF, FDIC- insured accounts, and/or in a county investment pool, the foregoing report elements may be replaced by copies of the latest statements from such institutions. The City Manager or his designee shall maintain a complete and timely record of all investment transactions.

Additionally, every quarter the City Manager or his designee shall render to the City Council and the City Treasurer a quarterly investment report, which shall include, at a minimum, the following information for each individual investment:
a) Type of investment instrument (i.e., Treasury Bill, medium term note) b) Issuer name (i.e., General Electric Credit Corporation) c) Purchase date (trade and settlement date)
d) Maturity date
e) Par value
f) Purchase price
g) Current market value and the source of the valuation h) Overall portfolio yield based on cost
The quarterly report also shall (a) state compliance of the portfolio to the statement of investment policy, or manner in which the portfolio is not in compliance; (b) include a description of any of the City's funds, investments, or programs that are under the management of contracted parties, including lending programs; and (c) include a statement denoting the ability of the City to meet its expenditure requirements for the next six months, or provide an explanation as to why sufficient money shall, or may, not be available.

City of Lake Elsinore
Investment Policy
June 09, 2026
5 13) AUTHORIZED FINANCIAL DEALERS AND INSTITUTIONS
If the City plans to initiate investment transactions on its own behalf, excluding investments made directly with an issuer, the City Manager or his designee will maintain a list of financial institutions authorized to provide investment services. In addition, a list will also be maintained of approved security broker/dealers selected by credit worthiness with at least five years of operation. The City Manager or his designee will review the financial condition and registrations of qualified bidders annually.

All financial institutions and broker/dealers who desire to become qualified for investment transactions must supply the following as appropriate:
a) Audited financial statements demonstrating compliance with state and federal capital adequacy guidelines to be submitted annually
b) Proof of Financial Industry Regulatory Authority (FINRA) certification (not applicable to Certificate of Deposit counterparties)
c) Proof of state registration
d) Complete broker/dealer questionnaire (not applicable to Certificate of Deposit counterparties)
e) Certification of having read and understood and agreeing to comply with the City’s Investment Policy prior to commencing trading
f) Evidence of adequate insurance coverage
An annual review of the financial condition and registrations of qualified bidders will be conducted by the City Manager or his designee.

The City may also use broker/dealers approved and evaluated by a SEC registered investment advisor acting in a fiduciary capacity for the City.

The City shall use a competitive process, whenever practical to obtain at least 3 competing bids from different broker/dealers for every purchase or sale of a security. 14) AUTHORIZED INVESTMENTS
Investment of City funds is governed by the California Government Code sections 53601 et seq. Unless otherwise specified in this section, no investment shall be made in any security, other than a security underlying a repurchase agreement as authorized by this section, that at the time of the investment has a term remaining to maturity in excess of five years. The City Manager or his designee is authorized to purchase the following investment instruments:

A. U.S. Treasury, notes, bonds, bills, or other certificates of indebtedness, or those for which the full faith and credit of the United States are pledged for the payment of principal and interest.

B. Federal agency or United States government-sponsored enterprise obligations, participation, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States governmentsponsored enterprises. No more than 40% of the City's portfolio may be invested City of Lake Elsinore
Investment Policy
June 09, 2026
6 in any one federal agency.

C. Obligations of the State of California or any local agency within the state, including bonds payable solely out of revenues from a revenue producing property owned, controlled or operated by the state or any local agency or by a department, board, agency or authority of the state or any local agency, provided that such obligations are rated in one of the top three rating categories by a NRSRO and are general obligation bonds or essential service bonds secured with revenue from a water, sewer, power, or electric system.

D. Registered treasury notes or bonds of any of the other 49 United States in addition to California, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 United States, in addition to California, provided that such obligations are rated in one of the top three rating categories by a NRSRO and are general obligation bonds or essential service bonds secured with revenue from a water, sewer, power, or electric system.

E. Repurchase Agreements to be used solely as short-term investments not to exceed 30 days. The City may enter into repurchase agreements with primary government securities dealers rated in a rating category of "A" or its equivalent or better by two nationally recognized rating services. Counterparties should also have (i) a short-term credit rating in the highest category by a nationally recognized statistical rating organization (NRSRO); (ii) minimum assets and capital size of $25 billion in assets and $350 million in capital; (iii) five years of acceptable audited financial results; and (iv) a strong reputation among market participants.

The following collateral restrictions will be observed: Only U.S. Treasury securities or Federal Agency securities will be acceptable collateral. All securities underlying repurchase agreements must be delivered to the City's custodian bank versus payment or be handled under a properly executed tri-party repurchase agreement. The total market value of all collateral for each repurchase agreement must equal or exceed 102% of the total dollar value of the money invested by the City for the term of the investment. For any repurchase agreement with a term of more than one day, the value of the underlying securities must be reviewed on an on- going basis according to market conditions. Market value must also be calculated each time there is a substitution of collateral. Since the market value of the underlying securities is subject to daily market fluctuations, the investments in repurchase agreements shall be in compliance if the value of the underlying securities is brought back up to 102% no later than the next business day.

The City or its trustee shall have a perfected first security interest under the Uniform Commercial Code in all securities subject to repurchase agreement. The City shall have properly executed a Master Repurchase Agreement with each counter party with which it enters into repurchase agreements.

F. Bills of exchange or time drafts drawn on and accepted by a commercial bank City of Lake Elsinore
Investment Policy
June 09, 2026
7 and brokered to investors in the secondary market, otherwise known as bankers' acceptances. Purchases of bankers' acceptances may not exceed 180 days' maturity, or 40% of the City's surplus money that may be invested. Eligible bankers' acceptances are restricted to issuing financial institutions with shortterm paper rated in the highest category by one NRSRO.

G. Commercial paper of "prime" quality of the highest ranking or of the highest letter and number rating as provided for by a NRSRO. The entity that issues the commercial paper shall meet all of the following conditions in either paragraph (1) or paragraph (2) below:

1. The entity meets the following criteria: (a) is organized and operating in the United States as a general corporation. (b) Has total assets in excess of five hundred million dollars ($500,000,000). (c) Has debt other than commercial paper, if any, that is rated in a rating category of "A" or its equivalent or higher by a NRSRO.

2. The entity meets the following criteria: (a) Is organized within the United States as a special purpose corporation, trust, or limited liability company. (b) Has program wide credit enhancements including, but not limited to, over collateralization, letters of credit, or surety bond. (c) Has commercial paper that is rated "A-1" or higher, or the equivalent, by a NRSRO.

The City may invest no more than 25% of its portfolio in eligible commercial paper with a maximum maturity of 397 days.

H. Medium term notes with a maximum remaining maturity of five years or less issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States. Notes eligible for investment under this subdivision shall be rated in a rating category of “A” or its equivalent or better by a NRSRO and shall not be on credit watch for a potential downgrade by a NRSRO. Purchases of medium-term notes may not exceed 30% of the City's portfolio.

I. FDIC-insured or fully collateralized bank deposits, including, but not limited to, demand deposit accounts, savings accounts, market rate accounts, and time deposits. To be eligible to receive City deposits, the financial must be located in California and have received a minimum overall satisfactory rating under the Community Redevelopment Act, for meeting the credit needs of California Communities in its most recent evaluation. The amount on deposit in any financial institution shall not exceed the shareholder’s equity. Bank deposits are required to be collateralized as specified under Government Code Section 53630 et. Seq. The City Manager or his designee, at his/her discretion, may waive the collateralization requirements for any portion that is covered by federal deposit insurance. The City shall have a signed agreement with any depository accepting City funds per Government Code Section 53649. The maturity of time certificate of deposits (TCDs) may not exceed 1 year. There is no limit on the percentage of the portfolio that may be invested in bank deposits. However, a maximum of 20 percent of the portfolio may be invested in TCDs.

City of Lake Elsinore
Investment Policy
June 09, 2026
8 J. Negotiable certificates of deposit issued by a nationally or state-chartered bank, a savings association or a federal association (as defined by Section 5102 of the Financial Code), a state or federal credit union, or by a federally- or statelicensed branch of a foreign bank. Purchases are limited to securities rated in a rating category of “A” (long-term) or “A-1” (short-term) or their equivalents or better by a NRSRO. Purchases of negotiable certificates of deposit may not exceed 30% of the portfolio.

K. State of California's Local Agency Investment Fund (LAIF). Investment in LAIF may not exceed $75 million. The LAIF portfolio should be reviewed periodically.

L. California Asset Management Program (CAMP).

M. Shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a-1, et seq.). The purchase price of shares shall not exceed 20 percent of the investment portfolio of the City. To be eligible for investment pursuant to this subdivision these companies shall either:

1. Attain the highest-ranking letter or numerical rating provided by not less than two of the three largest NRSRO or

2. Have an investment advisor registered or exempt from registration with the Securities and Exchange Commission with not less than five years of experience managing money market mutual funds and with assets under management in excess of $500,000,000.

N. Insured savings account or money market account. To be eligible to receive local agency deposits, a financial institution must have received a minimum overall satisfactory rating for meeting the credit needs of California Communities in its most recent evaluation.

O. Supra-nationals-specifically the International Bank for Reconstruction and Development, International Finance Corporation, and Inter-American Development Bank.

1. Purchases restricted to debt denominated in U.S. dollars.

2. Supra-nationals eligible for investment under this subsection shall be rated in a rating category of “AA” or its equivalent or better by a NRSRO.

3. Purchases of supra-nationals may not exceed 30% of the City’s portfolio.

P. Asset-Backed Securities (ABS). For securities eligible for investment under this subdivision not issued or guaranteed by an agency or issuer identified in subdivisions (A) or (B) above, the following limitations apply:

City of Lake Elsinore
Investment Policy
June 09, 2026
9 1. ABS eligible for investment under this subsection must be rated in a rating category of “AA” or its equivalent or better by a NRSRO with a maximum remaining maturity of 5 years or less.

2. Purchase of ABS may not exceed 20% of the City’s portfolio.

Q. Placement Service Deposits (PSD) where funds may be placed with a bank that uses a private sector entity that assists in the placement of deposit with eligible financial institutions located in the United States (CGC § 53601.8). The full amount of the principal and the interest that may be accrued during the maximum term of each PSD shall at all times be insured by federal deposit insurance.

Purchase of PSD may not exceed 30% of the City’s portfolio. The maximum investment maturity will be restricted to five years.

Credit criteria and sectors and issuers percentages for investments listed in this section will be determined at the time the security is purchased. A decline in the overall investment balances that causes the percent to any investment above its maximum policy limit will not be considered out of compliance. The City may from time to time be invested in a security whose rating is downgraded. In the event a rating drops below the minimum allowed rating category for that given investment type, the City Manager or his designee shall notify the City Treasurer, and City Council and recommend a plan of action. Notwithstanding anything herein to the contrary, with the exception of the U.S. Treasury, federal agency institutions, and government sponsored enterprises no more than 5% of the City’s portfolio may be invested in securities issued by any one corporate, financial, or municipal issuer.
15) PROHIBITED INVESTMENTS
Any security type or structure not specifically approved by this policy is hereby specifically prohibited. Security types which are thereby prohibited include, but are not limited to, inverse floaters, derivatives, range notes, interest only strips that are derived from a pool of mortgages, or in any investment that could result in zero interest accrual if held to maturity, except as authorized by Code Section 53601.6.
16) LEGISLATIVE CHANGES
Any State of California legislative action that further restricts allowable maturities, investment type or percentage allocations will be deemed to be incorporated into the City of Lake Elsinore’s investment policy and will supersede any and all applicable language. 17) INTEREST EARNINGS
All moneys earned and collected from investments authorized in this policy shall be allocated quarterly to various fund accounts based on the cash balance in each fund as a percentage of the entire pooled portfolio.

City of Lake Elsinore
Investment Policy
June 09, 2026
10 18) POLICY REVIEW
The City of Lake Elsinore’s investment policy shall be adopted by the City Council on an annual basis. This investment policy shall be reviewed at least annually to insure its consistency with the overall objectives of preservation of principal, liquidity and yield, and its relevance to current law and financial and economic trends. Any amendments to the policy shall be forwarded to the City Council for approval.

City of Lake Elsinore
Investment Policy
June 09, 2026
11 GLOSSARY
Asset-Backed Securities (ABS): Bonds created from various types of consumer debt. The primary types of ABS are mortgages, home equity loans, auto loans, leases, credit card receivables and student loans.

Bankers Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution, as well as the issuer, guarantees payment of the bill.

Bond Proceeds: The money paid to the issuer by the purchaser or underwriter of a new issue of municipal securities. These monies are used to finance the project or purpose for which the securities were issued and to pay certain costs of issuance as may be provided in the bond contract.

Broker: Someone who brings buyers and sellers together and is compensated for his/her service.

Certificate of Deposit (CD): A time deposit with a specific maturity evidenced by a certificate.

Large- denomination CD’s are typically negotiable.

Collateralization: Process by which a borrower pledges securities, property, or other deposits for the purpose of securing the repayment of a loan and/or security.

Commercial Paper: An unsecured short-term promissory note issued by corporations, with maturities ranging from 2 to 270 days.

Annual Comprehensive Financial Report (ACFR): The official annual report for the City of Lake Elsinore. It includes five combine statements for each individual fund and account group prepared in conformity with GAAP. It also includes supporting schedules necessary to demonstrate compliance with finance-related legal and contractual provisions, extensive introductory material, and a detailed Statistical Section.

Dealer: Someone who acts as a principal in all transactions, including buying and selling from his/her own account.

Delivery versus Payment: There are two methods of delivery of securities: delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities.

Derivative: Securities that are based on, or derived from, some underlying asset, reference date, or index.

Diversification: Dividing investment funds among a variety of securities offering independent returns.

Federal Deposit Insurance Corporation (FDIC): Insurance provided to customers of a subscribing bank that guarantees deposits to a set limit (currently $250,000) per account.

Interest Rate: The annual yield earned on an investment, expressed as a percentage.

City of Lake Elsinore
Investment Policy
June 09, 2026
12 Issuer: Any corporation, government unit or financial institution which borrows money through the sale of securities.

Liquidity: Refers to the ability to rapidly convert an investment into cash.

Local Agency Investment Fund (LAIF): A special fund in the State Treasury which local agencies may use to deposit funds for investment. All interest is distributed to those agencies participating on a proportionate share determined by the amounts deposited and the length of time they are deposited. Interest is paid quarterly via direct deposit to the LAIF account. The State keeps an amount for reasonable costs of making the investments, not to exceed one-quarter of one per cent of the earnings.

Local Government Investment Pool (LGIP): The aggregate of all funds from political subdivisions that are placed in the custody of the local government that organized the pool for investment and reinvestment.

Market Risk: Defined as market value fluctuations due to overall changes in the general level of interest rates. Adverse fluctuation possibilities shall be mitigated by limiting the maximum maturity of any one security to five years, structuring the portfolio based on historic and current cash flow analysis, and eliminating the need to sell securities for the sole purpose of short- term speculation mitigates market risk.

Market Value: The price at which a security is trading and could presumably be purchased or sold.

Maturity: The date the principal or stated value of an investment becomes due and payable.

Medium-Term Notes: Instruments issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States.

Member: Refers to a governmental entity which is a signatory to the Joint Powers Agreement establishing the California Joint Powers Insurance Authority.

Money Market: The market in which short-term debt instruments (bills, commercial paper, bankers’ acceptances, etc.) are issued and traded.

Negotiable: Term used to designate a security, the title to which is transferable by delivery.

Portfolio: Collection of securities held by an investor.

Principal: Describes the original cost of a security. It represents the amount of capital or money which the investor pays for the investment.

Purchase Date: The date in which a security is purchased for settlement on that or a later date.

Rate of Return: The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond the current income return.

City of Lake Elsinore
Investment Policy
June 09, 2026
13 Repurchase Agreement (Repo): Contractual arrangements between a financial institution or dealer and an investor. The investor puts up their funds for a certain number of days at a stated yield. In return, they take title to a given block of securities as collateral. At maturity, the securities are repurchased, and the funds are repaid with interest.

Safekeeping: A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank’s vaults for protection.

Secondary Market: A market made for the purchase and sale of outstanding issues following the initial distribution.

Supra-nationals: Debt of an international or multilateral financial agency.

Treasury Bills: United States Treasury Bills which are short term, direct obligations of the United States Government issued with original maturities of 13 weeks, 26 weeks, and 52 weeks; sold in minimum amounts of $10,000 in multiples of $5,000 above the minimum. Issued in book entry form only, T-bills are sold on a discount basis.

Treasury Notes: Medium-term coupon- bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities from two to ten years.

United States Government Agencies: Instruments issued by various United States Government Agencies most of which are secured only by the credit worthiness of the particular agency.

Yield: The rate of annual income return on an investment, expressed as a percentage. (a) Income Yield is obtained by dividing the current dollar income by the current market price for the security. (b) Net Yield or Yield to Maturity is the current income yield minus any premium above par or plus any discount from par in purchase price, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond.

Placement Service Deposits (PSD): A deposit is made with a California bank that uses a third-party service to divide a large dollar deposit into multiple pieces, each under the FDIC insurance limit. Each are then placed in banks across the nation in the third-party service’s network to ensure the full amount is covered by FDIC insurance.

City of Lake Elsinore
Investment Policy
June 09, 2026
14 INVESTMENT PROCEDURES

INTERNAL CONTROL GUIDELINES

OBJECTIVES OF INTERNAL CONTROL
Internal control is the plan of organization and all the related systems established by the management's objective of ensuring, as far as practicable:
• The orderly and efficient conduct of its business, including adherence to management policies.
• The safeguarding of assets.
• The prevention or detection of errors and fraud.
• The accuracy and completeness of the accounting records. • The timely preparation of reliable financial information.

LIMITATIONS OF INTERNAL CONTROL
No internal control system, however elaborate, can by itself guarantee the achievement of management's objectives. Internal control can provide only reasonable assurance that the objectives are met, because of its inherent limitations, including:
• Management's usual requirement that a control be cost-effective. • The direction of most controls at recurring, rather than unusual, types of transactions. • Human error due to misunderstanding, carelessness, fatigue, or distraction. • Potential for collusion that circumvents controls dependent on the segregation of functions.
• Potential for a person responsible for exercising control abusing that responsibility; a responsible staff member could be in a position to override controls which management has set up.

City of Lake Elsinore
Investment Policy
June 09, 2026
15 ELEMENTS OF INTERNAL CONTROL
Elements of a system of internal control are the means by which an organization can satisfy the objectives of internal control. These elements are:

1. ORGANIZATION
Specific responsibility for the performance of duties should be assigned and lines of authority and reporting clearly identified and understood.

2. PERSONNEL
Personnel should have capabilities commensurate with their responsibilities. Personnel selection and training policies together with the quality and quantity of supervision are thus important.

3. SEGREGATION OF FUNCTIONS
Segregation of incompatible functions reduces the risk that a person is in a position both to perpetrate and conceal errors or fraud in the normal course of duty. If different people handle two parts of a transaction, collusion is necessary to conceal errors or fraud. In particular, the functions that should be considered when evaluating segregation of functions are authorization, execution, recording, custody of assets, and performing reconciliations.

4. AUTHORIZATION
An appropriate responsible individual should authorize all transactions. The responsibilities and limits of authorization should be clearly delineated. The individual or group authorizing a specific transaction or granting general authority for transactions should be in a position commensurate with the nature and significance of the transactions. Delegation of authority to authorize transactions should be handled very carefully.

5. CONTROLS OVER AN ACCOUNTING SYSTEM
Controls over an accounting system include the procedures, both manual and computerized, carried out independently to ascertain that transactions are complete, valid, authorized, and properly recorded.

City of Lake Elsinore
Investment Policy
June 09, 2026
16 INVESTMENT PROCEDURES

CASH CONTROLS

PROCEDURES PERFORMED BY INTERNAL AND EXTERNAL AUDITORS WITH RESPECT

TO CASH RECEIPTS
A. City procedures and controls are reviewed. Some of the system strengths are:

1. Receipts are controlled upon receipt by proper registration devices.

2. Receipts are reconciled daily.

3. Amounts are deposited intact.

4. Bank reconciliations are reviewed.

5. Prompt posting of cash receipt entries in books.

6. Proper approval required for write-offs of customer accounts.

7. Checks are restrictively endorsed upon receipt or when run through cash register.

8. Adequate physical security over cash.

9. Individuals that handle cash do not post to customer account records or process billing statements.

10. Adequate supervision of Finance Department operations.

B. Significant revenues are confirmed directly with payer and compared with City books to make sure amounts are recorded properly.

C. Cash balances are substantiated by confirming all account balances recorded in books.

Bank reconciliations are reviewed for propriety and recalculated by the auditor. All significant reconciling items on bank reconciliations are verified as valid reconciling items by proving to subsequent bank statements.

City of Lake Elsinore
Investment Policy
June 09, 2026
17 Function Responsibility

1. Formal Investment Policy should be:
* Prepared By: Senior Accountant or Finance Manager
* Reviewed and Approved By: City Manager or his designee * Approved By: City Council

2. Develop Investment Strategy: Registered Investment Advisor

3. Investment Strategy should be approved
by:

City Manager or his designee

4. Execution of investment transactions: Registered Investment Advisor

5. Timely recording of investment
transactions:

Accountant, Senior Accountant or
Finance Manager (but reviewed by City
Manager or his designee)
Recording of investment transactions in
the City's records:

Accountant, Senior Accountant or
Finance Manager (but reviewed by City
Manager or his designee)
Recording of investment transactions in
the accounting records:

Accountant or Senior Accountant or
Finance Manager

6. Verification of investment, i.e., match
broker confirmation to City's records:

Senior Accountant or Finance Manager
(but reviewed by City Manager or his
designee)

7. Safeguarding of Assets and Records:

Reconciliation of City's records to the
accounting records:

Senior Accountant or Finance Manager
Reconciliation of City's records to bank
statements and safekeeping records:

Senior Accountant or Finance Manager
(but reviewed by City Manager or his
designee)

8. Annual review of (a) financial institution's
financial condition, (b) safety, liquidity,
and potential yields of investment
it t
City Manager or his designee

9. No less than an annual review of
investment portfolio as prepared by City
Manager or his designee:

Independent Auditors
May 7, 2026
Memorandum
To: Andrew Zavala, Senior Accountant
Nancy Lassey, MSA, Finance Manager
City of Lake Elsinore
From: Tiffany Tint, CFA, Relationship Manager
Monique Spyke, Managing Director
PFM Asset Management a division of U.S. Bancorp Asset Management, Inc.

RE: Investment Policy June 2025 Review
____________________________________________________________________________________ We have reviewed the City of Lake Elsinore Investment Policy June 2025 and recommend the following:

Policy Recommendation:
• Senate Bill (SB) 858 and 595 revised California Government Code Section 53601 to extend the maximum maturity for commercial paper from 270 days to 397 days, effective 1/1/2026.
• While not required, we recommend updating 14) AUTHORIZED INVESTMENTS, G, last sentence, to reflect this change.

Other Recommendation:
• We recommend updating index name, referenced under 5) PERFORMANCE EVALUATION, to the ICE BofA 1-5 Year U.S. Treasury Index.

For Awareness:
• SB 827 of the California Government Code Section 53238.2 introduced mandatory fiscal and financial training for all local agency officials and employees with investment responsibilities. Training is at least two hours every two years covering budgeting, reporting, debt management, and investment standards. • SB 852 is intended to strengthen transparency and ethics rules of the Political Reform Act by adding public officials who manage public investments to the list of individuals for whom the Fair Political Practices Commission ("Commission") is the filing officer for statements of economic interest (Code Section 87500) and requires those officials to file using the Commission's electronic filing system.

The Code changes described in SB 827 and SB 852, under For Awareness, do not affect the City's Investment Policy. However, they may impact the City's internal practices. We recommend reviewing these requirements and determining the appropriate compliance steps for City staff and officials.

Please let us know if you have any questions or if you would like to schedule time to discuss our review further.

Thank you.

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: June 9, 2026
Subject: Professional Service Agreement with Principal Interest, Inc. for Security Services for the Library Project Site (CIP Project No. Z20003) Recommendation
Approve and authorize the City Manager to execute a Professional Service Agreement with Principal Interest, Inc. for security services for the Library Project site in the amount of $134,784.00 in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a monthly 10% contingency amount of $13,478.00 for security uncertainties and adjustments.

Background
The Library construction project is a significant undertaking that requires security protocols to address potential vulnerabilities. Construction sites are often targets for theft, vandalism, and unauthorized access, which can lead to delays, financial losses, and safety hazards.

Implementing a security agreement will help to ensure that the project progresses smoothly and securely while upholding the City’s responsibility to its workers, assets, and citizens.

Discussion
Some security elements have been implemented since the start of the project. The installation of secure fencing around the construction site to restrict unauthorized access with secure access points using locks and gates to control entry have been employed. The Contractor has placed cameras throughout the site to monitor activities and deter unauthorized actions which cover most of the site.

Library Security Services Agreement with Principal Interest Inc.

Page 2 of 2 ends

At this stage of construction higher valuable and marketable construction materials (copper wiring, HVAC systems, plumbing fixtures, and exterior finishes) will be placed in and on the building. To address the increased risk posed by these higher-value construction materials, additional security measures are required. Hiring professional security personnel to monitor the site, enforce protocols, and respond to emergencies by collaborating with staff and law enforcement to establish regular inspections and swift response protocols can further strengthen the security framework, ensuring the protection of these valuable assets during critical phases of construction.

The security service agreement with Principal Interest Inc has been proposed to ensure and establish a timely and clear reporting process for responding and reporting any security breaches promptly. The contractor was briefed on the entire scope of work and has assessed the requirements. This agreement also includes provisions for addressing security uncertainties during the project timeline.

Five companies were contacted by the City for proposals. Those companies are:
• Principal Interest
• Semper Patrol
• Maxxum Security and Event Services
• Securitas
• Protos Security
Only two companies responded by providing security cost and scheduling information. Both companies provided the same cost proposal, however, Principal Interest proposal’s is better paired to the overall needs of the City.

Schedule:
• Monday – Friday: 3:30 PM – 5:00 AM
• Saturday & Sunday: 24-hour coverage
Principal Interest is prepared to start the security services immediately.

Fiscal Impact
Funding costs are included in the Fiscal Year 2025-26 – 2029-30 Capital Improvement Plan (CIP) budget, CIP Project No. Z20003.

Attachments
Attachment 1 – Agreement
Exhibit A – Proposal

Page 1 ends

AGREEMENT FOR PROFESSIONAL SERVICES
Principal Interest
Security Services, Library
This Agreement for Professional Services (the “Agreement”) is made and entered into as of June 9, 2026, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Principal Interest, a Click or tap here to enter text. ("Consultant").

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

Security Services at The Library Project
B. Consultant has submitted to City a proposal, dated May 27, 2026, attached hereto as Exhibit A (“Consultant’s Proposal”) and incorporated herein, to provide professional services to City pursuant to the terms of this Agreement.

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

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

AGREEMENT

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

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

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

3. Compensation. Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultants’ Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Consultant’s compensation exceed one hundred thirty four thousand seven hundred eight four dollars ($134,784.00) without additional written authorization from the City. Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Consultant or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to property, or violation of law. It is understood that the duty of Consultant to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by City of insurance certificates and endorsements required under this Agreement does not relieve Consultant from liability under this indemnification and hold harmless clause. This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply. By execution of this Agreement, Consultant acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

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

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iii. Automobile Liability Coverage. Consultant shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

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

Any insurance maintained by the City, including any self-insured retention the City may have, shall be considered excess insurance only and shall not contribute with it. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company.
iv. The insurer waives all rights of subrogation against the City, its elected or appointed officers, officials, employees or agents. v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.
vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) days written notice has been received by the City.

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c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Consultant shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Consultant shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

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

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

If to City: City of Lake Elsinore
Attn: City Manager
130 South Main Street
Lake Elsinore, CA 92530
With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street
Lake Elsinore, CA 92530
If to Consultant: Principal Interest
Attn: Mason Washington
Los Angeles, CA 90007
Click or tap here to enter text.

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

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

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

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

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

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

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

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

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

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

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

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make this Agreement and to bind each respective party. The City Manager is authorized to enter into an amendment or otherwise take action on behalf of the City to make the following modifications to the Agreement: (a) a name change; (b) grant extensions of time; (c) nonmonetary changes in the scope of services; and/or (d) suspend or terminate the Agreement.

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

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

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

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation

City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
“CONSULTANT”
Principal Interest, a Click or tap here to enter
text.

By: Mason Washington
Its: CEO
Attachments: Exhibit A – Consultant’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549 | principal-interest.com | PI 188480 | PPO 120428

SECURITY SERVICES PROPOSAL
Construction Site – City of Lake Elsinore Library Project Corner of Main Street and Sumner Avenue
Lake Elsinore, California 92530
Submitted To
City of Lake Elsinore
City Manager’s Office
Submitted By
Principal Interest

1. Executive Summary
Principal Interest is pleased to submit this proposal to provide professional security services for the City of Lake Elsinore Library Project project.

This proposal outlines a comprehensive security program designed to reduce risk, improve incident response, and provide clear accountability throughout the duration of the project.

Our objective is to provide the City with reliable on-site coverage supported by professional oversight, structured reporting, and responsive communication aligned with the City’s operational and liability considerations.

Principal Interest | Confidential
Principal Interest | 1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549

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2 2. Principal Interest Approach
Principal Interest delivers security services through an integrated model combining officer presence, supervision, and investigative support.

Key Differentiators
• Managed Security Program (Not Just Staffing)
Officers operate within defined procedures, supervision, and performance standards. • Supervisory & Investigative Oversight
Incidents are escalated, reviewed, and documented with professional rigor. • Defensible Reporting
Documentation is structured to support insurance, legal, and administrative review. • Accountability Structure
A single responsible firm oversees performance, response, and outcomes.

This approach ensures that security services are consistent, professional, and aligned with the City’s expectations for public-facing operations.

3. Scope of Services
Security services will include, but are not limited to:
• Regular patrol of premises and perimeter
• Control and monitoring of site access points
• Vehicle and foot patrol presence
• Monitoring of construction equipment and materials
• Prevention of trespassing, vandalism, and theft
• Incident response and documentation
• Coordination with law enforcement and emergency services • Enforcement of site safety and security protocols
All services will be executed in accordance with site-specific Post Orders developed in coordination with City representatives.

4. Staffing & Schedule
Proposed Coverage:

One (1) uniformed, unarmed security officer
Schedule:
• Monday – Friday: 3:30 PM – 5:00 AM
• Saturday & Sunday: 24-hour coverage
Total Weekly Hours: 121.5 hours
Staffing levels and schedule can be adjusted based on project requirements or City direction.

Principal Interest | Confidential
Principal Interest | 1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549

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3 5. Personnel & Standards
All Principal Interest personnel assigned to the site will be:
• Licensed and compliant with California BSIS requirements • Trained in site security, de-escalation, and incident response • First Aid / CPR certified
• Professionally supervised and performance-monitored
Officers are trained not only to observe and report, but to operate in a manner that preserves evidence, reduces escalation, and ensures proper documentation of all incidents.

6. Pricing Structure
Officer Services (Unarmed)
• Hourly Rate: $32.00
Estimated Cost
• Weekly Cost: $3,888
• Monthly Cost: Approximately $16,848
Annual Adjustment
A standard 4% annual rate adjustment will apply to account for wage pressures, regulatory changes, and evolving market conditions.

Pricing Positioning & Rationale
The proposed rate of $32.00 per hour is intentionally structured to balance fiscal responsibility with program quality.

This approach allows the City to:
• Maintain cost predictability throughout the project
• Receive an elevated level of service without budget disruption • Benefit from improved oversight, reporting, and accountability within a practical cost structure Importantly, this pricing is not representative of a commodity guard service. It includes:
• Supervisor-supported officer deployment
• Structured reporting and documentation standards
• Performance monitoring and accountability controls
• Access to investigative escalation when required
Principal Interest’s pricing strategy is designed to establish a strong operational foundation while ensuring long-term sustainability through modest, predictable annual adjustments rather than disruptive cost increases.

Principal Interest | Confidential
Principal Interest | 1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549

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4 7. Program Oversight & Reporting
Principal Interest provides structured oversight to ensure consistent performance and transparency.

This includes:
• Supervisor check-ins and site audits
• Incident report review and quality control
• Ongoing communication with City representatives
• Escalation procedures for significant incidents
When necessary, incidents may be escalated to investigative review to ensure proper handling and documentation.

8. Implementation
Upon approval, Principal Interest will:

1. Finalize site-specific Post Orders with City representatives

2. Assign qualified personnel

3. Establish reporting and communication protocols

4. Initiate services within an agreed mobilization timeframe

9. Why Principal Interest
• Professional Oversight – Structured supervision and accountability • Accountability – One firm responsible for service quality and outcomes • Professional Standards – Licensed, trained, and supervised personnel • Defensible Operations – Reporting and procedures designed to withstand scrutiny • Scalability – Ability to adjust coverage as project needs evolve

10. Next Steps
We welcome the opportunity to review this proposal with you and align on any City-specific requirements or adjustments needed to proceed.

Contact
Mason Washington, CPI | CPS
CEO & President
Principal Interest
E: [email protected]
C: 213.266.3029
Principal Interest appreciates the opportunity to support the City of Lake Elsinore and contribute to the safe and successful completion of this project.

Principal Interest | Confidential
Principal Interest | 1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549

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5 11. Proposal Approval
To authorize Principal Interest to proceed with the security services outlined in this proposal, please sign below.

Approved By:
____________________________________
Authorized Representative
Name: ______________________________
Title: _______________________________
Date: _______________________________
Principal Interest
____________________________________
Mason Washington, CPI | CPS
CEO & President

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REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Shannon Buckley, Assistant City Manager
Date: June 9, 2026
Subject: Professional Services Agreement with Principal Interest, Inc. for Security Services for the Senior Housing Project (CIP Project No. Z20026) Recommendation
Approve and authorize the City Manager to execute a Professional Service Agreement with Principal Interest, Inc. security services for the Senior Housing Project site in an amount not to exceed $134,784.00 in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not to exceed a monthly 10% contingency amount of $13,478.00 for security uncertainties and adjustments.

Background
The Senior Housing construction project is a significant undertaking that requires security protocols to address potential vulnerabilities. Construction sites are often targets for theft, vandalism, and unauthorized access, which can lead to delays, financial losses, and safety hazards. Implementing a security agreement will help to ensure that the project progresses smoothly and securely while upholding the City’s responsibility to its workers, assets, and citizens.

At this stage of construction higher valuable and marketable construction materials (copper wiring, HVAC systems, plumbing fixtures, and exterior finishes) will be placed in and on the building. To address the increased risk posed by these higher-value construction materials, additional security measures are required. Hiring professional security personnel to monitor the site, enforce protocols, and respond to emergencies by collaborating with staff and law enforcement to establish regular inspections and swift response protocols can further strengthen the security Principal Interest Senior Housing Security Agreement

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framework, ensuring the protection of these valuable assets during critical phases of construction.

Schedule:
• Monday – Friday: 3:30 PM – 5:00 AM
• Saturday & Sunday: 24-hour coverage
Principal Interest is prepared to start the security services immediately.

Fiscal Impact
Funding costs are included in the Fiscal Year 2025-26 – 2028-29 Capital Improvement Plan (CIP) budget, CIP Project No. Z20026.

Attachments
Attachment 1 – Agreement
Exhibit A – Proposal

Page 1 ends

AGREEMENT FOR PROFESSIONAL SERVICES
Principal Interest
Security Services, Senior Housing
This Agreement for Professional Services (the “Agreement”) is made and entered into as of June 9, 2026, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Principal Interest, a Click or tap here to enter text. ("Consultant").

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

Security Services at The Senior Housing Project
B. Consultant has submitted to City a proposal, dated May 27, 2026, attached hereto as Exhibit A (“Consultant’s Proposal”) and incorporated herein, to provide professional services to City pursuant to the terms of this Agreement.

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

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

AGREEMENT

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

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

Page 11 ends

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation

City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
“CONSULTANT”
Principal Interest, a Click or tap here to enter
text.

By: Mason Washington
Its: CEO
Attachments: Exhibit A – Consultant’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549 | principal-interest.com | PI 188480 | PPO 120428

SECURITY SERVICES PROPOSAL
Construction Site – City of Lake Elsinore Senior Housing Apartments 200 N. Riley St.

Lake Elsinore, California 92530
Submitted To
City of Lake Elsinore
City Manager’s Office
Submitted By
Principal Interest

1. Executive Summary
Principal Interest is pleased to submit this proposal to provide professional security services for the City of Lake Elsinore Senior Housing Apartments project.

This proposal outlines a comprehensive security program designed to reduce risk, improve incident response, and provide clear accountability throughout the duration of the project.

Principal Interest | Confidential
Principal Interest | 1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549

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2 2. Principal Interest Approach
Principal Interest delivers security services through an integrated model combining officer presence, supervision, and investigative support.

This approach ensures that security services are consistent, professional, and aligned with the City’s expectations for public-facing operations.

4. Staffing & Schedule
Proposed Coverage:

Principal Interest | Confidential
Principal Interest | 1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549

Page 3 ends

Pricing Positioning & Rationale
The proposed rate of $32.00 per hour is intentionally structured to balance fiscal responsibility with program quality.

Principal Interest | Confidential
Principal Interest | 1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549

Page 4 ends

4 7. Program Oversight & Reporting
Principal Interest provides structured oversight to ensure consistent performance and transparency.

8. Implementation
Upon approval, Principal Interest will:

1. Finalize site-specific Post Orders with City representatives

2. Assign qualified personnel

3. Establish reporting and communication protocols

4. Initiate services within an agreed mobilization timeframe

10. Next Steps
We welcome the opportunity to review this proposal with you and align on any City-specific requirements or adjustments needed to proceed.

Principal Interest | Confidential
Principal Interest | 1933 S Broadway Ste 1167, Los Angeles, CA 90007 | (800) 775-6549

Page 5 ends

5 11. Proposal Approval
To authorize Principal Interest to proceed with the security services outlined in this proposal, please sign below.

Page 1 of 5 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: June 9, 2026
Subject: Adoption of the Lake Elsinore Film Attraction Plan Recommendation
Adopt the Lake Elsinore (“Film LE”) Film Attraction Plan to establish a coordinated strategy to increase film production activity within the City of Lake Elsinore, enhance economic development opportunities, support local businesses, promote tourism, and position Lake Elsinore as a filmfriendly destination within Southern California.

Background
Lake Elsinore has previously hosted a variety of commercial filming, photography, sports media, and promotional content due to its diverse landscapes, proximity to Los Angeles and Orange County markets, and unique recreational amenities. However, filming opportunities have historically been managed on a case-by-case basis without a formalized attraction strategy or coordinated economic development framework tying all departments in a streamlined position to advance the city in many areas of benefit.

Recognizing the increasing competition among Southern California cities for filming activity, staff developed the Film Attraction Plan to establish a more proactive, organized, and business-friendly approach to attracting productions.

The Plan was developed through coordination with film industry professionals, Inland Empire Film Services, Riverside County Film Commission, regional film organizations, Lake Elsinore City Departments, the Lake Elsinore Film LE Sub-committee, and analysis of best practices utilized by successful film-friendly jurisdictions throughout California.

Lake Elsinore Film Attraction Plan

Page 2 of 5 ends

Discussion
The proposed Film Attraction Plan establishes a comprehensive strategy designed to increase filming activity within the City of Lake Elsinore through streamlined permitting, proactive marketing, regional partnerships, and enhanced customer service for the film industry. The Plan is intended to position Lake Elsinore competitively within California’s entertainment and production market while simultaneously leveraging filming activity as an economic development and tourism driver.

The Plan focuses on three core principles:

1. Be Fast

2. Be Film-Friendly

3. Be Visible
The entertainment and production industry represents a significant economic opportunity for municipalities that can efficiently accommodate filming needs. Film productions generate direct and indirect economic impacts through hotel stays, restaurant spending, equipment rentals, fuel purchases, local hiring, retail expenditures, and increased exposure for tourism and business attraction efforts.

The Film Attraction Plan seeks to capitalize on Lake Elsinore’s unique assets, including:
• The lake and waterfront areas
• Mountain and open terrain landscapes
• Action sports and motorsports facilities
• Historic downtown areas
• Sports venues and recreational amenities
• Flexible suburban and rural filming environments
Through implementation of the Plan, the city seeks to increase filming opportunities while supporting local businesses, strengthening tourism activity, enhancing regional visibility, and creating additional economic activity throughout the community.

The Film Attraction Plan is intended to function as both an economic development strategy and tourism enhancement initiative.

Lake Elsinore Film Attraction Plan

Page 3 of 5 ends

Film productions generate measurable economic impacts by supporting:
• Hotels and lodging facilities
• Restaurants and catering companies
• Fuel stations and automotive services
• Equipment rental providers
• Retail stores
• Security and parking vendors
• Construction and trade services
• Local workforce opportunities
• Entertainment and recreation businesses
The Plan specifically identifies the need to develop a local vendor database to better connect productions with Lake Elsinore businesses and service providers to benefit the city, its residents and businesses.

Additionally, increased filming activity can significantly enhance tourism visibility by showcasing Lake Elsinore locations through movies, commercials, digital media, streaming productions, and social media content. This type of exposure can support broader tourism attraction efforts and reinforce the City’s branding initiatives.

The Plan further recommends annual economic impact reporting to quantify production activity, production days, permit turnaround times (check and balance), and associated economic benefits.

Film-friendly Strategy
The Film Attraction Plan recommends several operational improvements intended to reduce barriers for productions and improve responsiveness.

Key implementation strategies include:
• Establishing a dedicated film contact and support team (Triage Team) • Creating a “Fast Track Filming” commitment with 24-hour response times • Developing simplified intake and permitting processes • Creating a film-friendly internal review process
• Enhancing coordination among City departments
• Providing film location marketing materials and online resources • Partnering with Inland Empire Film Services, Riverside County Film Commission, and regional film organizations
The Plan also recommends staff training and development of internal film procedures to ensure consistency and responsiveness when addressing production inquiries.

Tourism & Community Branding
Lake Elsinore Film Attraction Plan

Page 4 of 5 ends

The Film Attraction Plan aligns with broader City goals related to tourism, destination marketing, and economic vitality.

The Plan identifies several unique “Film Looks” and branding themes that can be marketed to the industry, including:
• “Southern California’s Playground”
• “Action Sports Hub”
• “Waterfront / Lakeside”
• “Downtown Storylines”
• “Baseball America”
• “Mountain/Open Terrain”
These themes support broader tourism and destination branding efforts by highlighting Lake Elsinore’s diverse amenities and recreational assets, which film site selectors identify as a unique benefit being able to film multiple shots in one location, and is regionally close to film crews in Los Angeles.

Additionally, filming activity often generates secondary tourism impacts, where visitors seek out recognizable filming locations after productions are released publicly.

Implementation Plan
The Film Attraction Plan includes a phased implementation strategy focused on low-cost, highimpact actions.

Initial implementation efforts include:
• Assigning a Film LE point person, and Triage Team with pertinent department for faster coordination
• Creating a one-page film guide
• Developing intake forms and streamlined processes
• Enhancing the location catalog
• Refreshing the City’s film-related webpages
• Registering and coordinating with regional film organizations • Launching targeted marketing and social media campaigns Future phases include:
• Film location tours
• Film school outreach
• Industry networking events
• Regional partnerships
• Hosting FLICS meetings and film familiarization tours Lake Elsinore Film Attraction Plan

Page 5 of 5 ends

Fiscal Impact
Initial implementation of the Film Attraction Plan is anticipated to require minimal fiscal impact and will largely utilize existing staff resources, partnerships, and phased implementation strategies.

Future budget considerations may include:
• Marketing materials or graphic services and website enhancements • Professional photography and video services for video cataloging • Industry outreach and promotional events
Staff anticipates that increased filming activity may generate offsetting economic benefits through local spending, permit fees, business activity, and tourism exposure, and also long-term recognitions benefit of visibility of Lake Elsinore.

Attachments
Attachment 1 – Lake Elsinore Film Attraction Plan
FILM

AT TR ACTION PL AN
LE
LE

CORE STRATEGY

SUMMARY

1. BE FAST

2. BE FILM-FRIENDLY

3. BE VISIBLE
“FAST TRACK FILMING”

COMMITMENT
INITIATIVE: Create a public promise like:
“FILM LE responds to all film inquiries within 24 hours or less.” WHY: Productions value speed more than almost anything. Location agents often request a quick turnaround as they are responding quickly to bids for work, and have to organize talent quickly; otherwise, you lose opportunities.

STAFF ACTIONS:
• Designate 1 main film contact from city, with 1-2 backups. • Develop a FILM LE Dream Team- to show a concierge response team, that responds to the [email protected] email.
• Contract with IE Film Services to assist with quickly processing applications in conjunction with city. This also leverages resources and contacts with the IE Film Commission for additional filming for the city, including awards. • Utilize the shared email ([email protected] -that multiple team members are on – for all hands on deck efforts and awareness. Ideally it would be our FILM triage team- the FILM LE Dream Team.
• Create a simple intake form ( with assistance with IE Film Services to triage the needs before application, and keep to less than 2-3 pages. Permit download can be larger featuring instructions, road applications, fire applications, etc) • Update the Property Interest form, and replace on the website. • Create a standalone landing page “filminLakeElsinore.org” for a quick reference to filming in the city. Nothing elaborate but quick and simple. Links to the film catalog of location etc. 1-PAGE FILM GUIDE
CREATE A DOWNLOADABLE PDF:
• Permit process (3–5 steps)- the simpler, the better. A lengthy process costs agents valuable time. This should feel like low effort and a lot of clarity- simple. Only 2-3 pages. • Contact info
• Typical turnaround time
• Basic fee structure (keeping fees low but not free)
• 5–10 key filming locations in City (Main Street, Launch Pointe, Lake, Diamond Stadium, Rosetta Sports Park, Chimes, Motocross, etc.)
• House PDF on FILM LE website.
• Link in packet to online submittal to E-approval.
• Link "Dream Team Triage" team in the alert at time of application submitted. • Dedicate a response person to reach out the moment it was submitted and respond in 24 hours or less.

BIG IMPACT,
LOW COST 1
A
B

EXPAND OUR BASIC LOCATION

LIBRARY
(FILM CATALOG)
• High-quality photos for the location catalog
• Lake views
• Downtown streets
• Residential neighborhoods
• Parks & open land
• Unique buildings
• Organize by category
• Upload to website or shared folder • Film-friendly vendors • Film-friendly crew listing • Show case partner websites that feature locations in the city that are available for rent for filming
*Add short 30-second walk-through videos
CREATE 3
–5 “FILM LOOKS”

MARKETING ANGLES
(PHASE 2)
Instead of just listing locations, market themes:
• “Small-Town America” • “Action Sports Hub” “Southern CA Playground” • “Waterfront / Lakeside” • “Mountain/ Open Terrain” • “Flexible Modern Suburban” • “Highway / Road Trip Look” • “Downtown Story lines” • “Baseball America”

PACKAGE THE CITY
2 AS “FILM
-READY”
AB
This helps location scouts
imagine stories here and
come up with what we
have to show case.

LE
A
3 D
B
E
C

REDUCE FRICTION
(INTERNALLY)

FILM POLICY
Continue and support Lake Elsinore's film-friendly process (Chapter 5.110) that allows for quick turnarounds and permitting to capture unique opportunities. Allows department representatives involved in film permitting to mobilize more quickly.

ECONOMIC IMPORT REPORT
Do an annual one-page economic impact report with IE Film services and city departments to capture opportunities in filming the city has experienced, to help justify policy decisions by the city council and for staffing commitments and needs.

INTERNAL FILM CHEAT SHEET

FOR STAFF
CREATE A 1-PAGE INTERNAL DOCUMENT:
• Who handles what
• How quickly departments must respond
• Basic filming do’s & don’ts
• Contact escalation process
Goal: Prevent “Let me check with someone” delays and prioritize filming.

TEMPORARY FEE INCENTIVES
(IF FEASIBLE)
EVEN SMALL GESTURES HELP:
• Low cost application fees for student films for students who film and comply with intended rules of the city, otherwise fees will be assessed. • Work on a policy to discount small productions under 10 crew members, 11-30 crew members, and those more than 30 crew members, following the federal guidelines.
• Offer first-time production discount to help generate interest in choosing LE over another neighboring community or region.

Even if small, promote it.

WELCOME PACKAGE FOR

TOURING OR FILM SCOUTS
• Work with Chamber and businesses to develop a welcome package featuring the Best of LE or unique LE inspired items, aside from the Visitors guide, at time of permit application.
• Include a welcome message and letter from City's FILM Committee.

JOIN & LEVERAGE REGIONAL

FILM OFFICES
ENSURE FILM LE IS:
• Registered with California Film Commission
• Joining FLICS (Film Liaisons in California
Statewide)
• Listed on regional location databases
• Actively updating location listings

SOCIAL MEDIA SPOTLIGHT
Start a simple recurring post, and add to city's overall comprehensive communications plan:
“Film Location of the Week – Lake Elsinore”
POST:
• 3–5 photos
• 1 paragraph description
• Contact info

WORK WITH IE FILM

SERVICES
REACH OUT TO THE FOLLOWING:
• USC, UCLA, Chapman, CSUF, AFI, Art Center
College of Design, Azusa Pacific University,
California Baptist University, CSULA,
CalArts, La Sierra University, Los Angeles
Film School, Loyola Marymount University,
New York Film Academy (LA campus), UCR
• Local community colleges

BUILD AWARENESS
(LOW-COST MARKETING)

DIRECT OUTREACH

TO FILM SCHOOLS
4 5
A
A
B
TAG:
• CA Film Commission
• Riverside County Film Commission
• Location managers
• Production groups
OFFER:
• Easy permitting
• Scenic lake backdrop
• Student-friendly city
Student
productions grow
into professional
relationships

TRAIN FRONTLINE STAFF
SHORT 20-MINUTE STAFF BRIEFING:

When someone says “We want to film here”:
• Don’t say no immediately
• Route to Inland Empire Film Services
(FILM LE partner and representative)
• Be helpful and solution-oriented

CREATE A FILM

WELCOME PACKET
WHEN PRODUCTIONS BOOK:
• Welcome letter from Mayor or City Manager
Or Film Committee
• List of local vendors
(grocery store, Costco etc)
• List of trades
(union and non-union)
• Hotel contacts
• Local restaurants

CREATE A LOCAL FILM VENDOR LIST
INCLUDE:
• Hotels
• Catering
• Equipment rentals
Make it public on FILM LE page.

ENGAGE PROPERTY OWNERS
REACH OUT TO:
• Warehouse owners
• Ranch property owners
Ask whether they would like to be included in the film location database.

BUILD A “FILM FRIENDLY
CITY” CULTURE

DEVELOP LOCAL

PARTNERSHIPS
6 7
A
A
B
B
• Security
• Parking lots
• Private properties willing to film
• Retail centers
• Unique homes
This builds reputation.

We experienced this with
our film agents and what
they have asked for.

A
“LAKE ELSINORE FILM 8 TOUR” (PHASE 2)
B

PARTNER WITH IE FILM SERVICES

FOR AN ANNUAL FILM TOUR AS

PART OF THE AGREEMENT
INVITE:
• 10–15 location scouts- work with IE Film Services and the Location Managers Guild International to host a one-day Familiarization Tour
• Film school representatives (one or two particpants)
GIVE:
• 2-hour guided location tour
• Coffee or lunch & networking
• Simple presentation
COST: Mostly staff time, light refreshments (may not require overnight stay -but in some instance if from out of state or north end- there may be a need to partner with local Lake Elsinore hotels).

HOST FLICS MEETING
Partner with Riverside County Film Commission and host a FLICS meeting of other FILM Commissions in CA- that meet 4 times a year. Host in Lake Elsinore.

IMPACT: Relationship-based
growth, and can result in
filming- this has occurred for
the city in past Film Fam Tours LE

PERFORMANCE

MEASURE

FOR ANNUAL ECONOMIC IMPACT
REPORT TO CITY COUNCIL AND STAFF:
180-DAY MINI

IMPLEMENTATION PLAN
30 Days
• Assign Film LE point person
• Create 1-page Film Guide
• Build intake form and reference city policy, and
partnership agreement with IE Film Services
• Photograph 10 key locations, develop standalone
website landing page, and update catalog (hire
location manager to shoot locations for website
professionally)
• Identify marketing plan
• Finalize partnership with IE Film Services

SIMPLE SUCCESS

METRICS
TRACK:
• Number of film inquiries per month
• Permit turnaround time
• Total production days hosted
30-120 Days
• Launch Film LE webpage refresh
• Create location library (basic version)
• Draft internal staff cheat sheet
• Register/refresh with CA Film Commission
120-180 Days
• Start social media campaign
• Email 5 film schools
• Build vendor list
• Develop simple welcome packet
FILM

AT TR ACTION PL AN
LE
LE

Page 1 of 3 ends

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Yu Tagai, City Engineer
Date: June 9, 2026
Subject: Fiscal Year 2026-2027 SB-1 Project Declaration Recommendation
Adopt A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING A LIST OF PROJECTS FOR FISCAL YEAR 2026-2027 FUNDED BY SB 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017.

Background
The new resolution will be uploaded to “CALSMART” web tool in order to obtain project approval for SB 1 funding for Fiscal Year 2026/2027. The City of Lake Elsinore will declare two (2) projects for SB 1 funding in the next fiscal year: 1) Hillside Drive Tract Pavement Resurfacing Project and 2) HSIP Cycle 11 Citywide Pedestrian Crosswalk Enhancements Project.

Bucknam Infrastructure Group Performed a Pavement Assessment in 2022. Based on their pavement condition survey (February 2022), the Hillside Drive tract pavement condition indices were rated on a scale from 0 to 100 depicting condition of existing pavement. Resurfacing recommendations are divided into the following categories based on the pavement condition. • Slurry Seal
• 2” Grind and Overlay
• Asphalt Concrete Reconstruction

SB-1 Fiscal Year 26/27

Page 2 of 3 ends

The HSIP Cycle 11 Citywide Pedestrian Crosswalk Enhancements Project will install rectangular rapid flashing beacon signs, advanced signage, pavement markings, and ADA-compliant curb ramp upgrades at nine (9) intersections.

Discussion
The Hillside Drive Tract Pavement Resurfacing Project proposes to include of slurry seal and AC reconstruction. The following areas are considered for the project:

Street Name From To Treatment
1 Hillside Drive Canyon Hills Road Corktree Road Slurry seal; AC Recon.
2 Cedar Mesa Drive Cottonwood Canyon
Road
Corktree Road Slurry seal
3 Corktree Road Hillside Drive Easter terminus Slurry seal; AC Recon.
4 Silk Tassel Road Hillside Drive (west) Hillside Drive (east) AC Recon. 5 Sundew Court Hillside Drive End of cul-de-sac Slurry seal 6 Zinnia Court Hillside Drive End of cul-de-sac Slurry seal 7 Lady Fern Court Corktree Drive End of cul-de-sac Slurry seal 8 Dianthus Lane Corktree Road (west) Corktree Road
(east)
AC Recon.
9 Dianthus Court Corktree Road End of cul-de-sac AC Recon. 10 Agaliya Court West end of cul-de-sac East end of cul-desacAC Recon. 11 Aster Lane Agaliya Court Ceda Mesa Drive AC Recon.

The HSIP Cycle 11 Citywide Pedestrian Crosswalk Enhancements Project will include crosswalk enhancements at nine (9) intersections at various locations throughout the city. The intersections include: 1) Machado Street & Broadway Street; 2) Joy Street at Machado Elementary; 3) Heald Avenue & Mohr Street; 4) Heald Avenue & Lewis Street; 5) Sumner Avenue & Kellogg Street; 6) Sumner Avenue & Poe Street; 7) Mill Street & Avenue 9; 8) Ponte Russo & Ponte Verde; and 9) Kalanchoe Road & Waxen Drive.

The estimated costs for Hillside Drive Tract Pavement Resurfacing Project and the HSIP Cycle 11 Citywide Pedestrian Crosswalk Enhancements Project are $1,522,000 and $1,825,000, respectively. The City of Lake Elsinore’s projected SB 1 allocation for Fiscal Year 2026-2027 is $2,070,242.

Fiscal Impact
The funding allocation for the Fiscal Year 2026-2027 projects will be from the allocated SB-1 funds available with the remainder being funded from Measure A, Measure Z, and HSIP Cycle

11. SB-1 Fiscal Year 26/27

Page 3 of 3 ends

Attachments
Attachment 1 – Resolution
Attachment 2 – Hillside Drive Tract Pavement Resurfacing Project Map Attachment 3 – HSIP Cycle 11 Project Map
RESOLUTION NO. 2026-_______

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, ADOPTING A LIST OF PROJECTS FOR FISCAL YEAR 2026- 2027 FUNDED BY SB 1: THE ROAD REPAIR AND ACCOUNTABILITY ACT OF 2017
Whereas, Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017 (Chapter 5, Statutes of 2017) was passed by the Legislature and signed into law by the Governor in April 2017 to address the significant multi-modal transportation funding shortfalls statewide; and Whereas, SB 1 includes accountability and transparency provisions that will ensure the residents of our City of Lake Elsinore are aware of the projects proposed for funding in our community and which projects have been completed each fiscal year; and Whereas, the City of Lake Elsinore must adopt by resolution a list of projects proposed to receive fiscal year funding from the Road Maintenance and Rehabilitation Account (RMRA), created by SB 1, which must include a description and the location of each proposed project, a proposed schedule for the project’s completion, and the estimated useful life of the improvement; and
Whereas, the City of Lake Elsinore will receive an estimated $2,070,242 in RMRA funding in Fiscal Year 2026-2027 from SB 1; and
Whereas, this is the tenth year in which the City of Lake Elsinore is receiving SB 1 funding and will enable the City of Lake Elsinore to continue essential road maintenance and rehabilitation projects, safety improvements, repairing and replacing aging bridges, and increasing access and mobility options for the traveling public that would not have otherwise been possible without SB 1; and
Whereas, the City of Lake Elsinore has undergone a robust public process to ensure public input into our community’s transportation priorities/the project list; and Whereas, the City of Lake Elsinore used a Pavement Management System to develop the SB 1 project list to ensure revenues are being used on the highest-priority and cost-effective projects that also meet the community’s priorities for transportation investment; and Whereas, the funding from SB 1 will help the City of Lake Elsinore maintain and rehabilitate 11 streets, 9 intersection locations for crosswalk enhancements, and add active transportation infrastructure throughout the City of Lake Elsinore this year, and hundreds of similar projects into the future; and
Whereas, the 2023 California Statewide Local Streets and Roads Needs Assessment found that the City’s streets and roads are in an “at-risk” condition and this revenue will help us increase the overall quality of our road system, and over the next decade will bring our streets and roads into a “good” condition; and

CC Reso No. 2026-
2 of 4
Whereas, the SB 1 project list and overall investment in our local streets and roads infrastructure, with a focus on basic maintenance and safety, investing in complete streets infrastructure, and using cutting-edge technology, materials, and practices, will have significant positive co-benefits statewide.

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

Section 1. The foregoing recitals are true and correct.

Section 2. The Fiscal Year 2026-2027 list of projects planned to be funded with Road Maintenance and Rehabilitation Account revenues includes:

The Hillside Drive Tract Pavement Resurfacing Project will consist of a 2-inch grind and overlay and AC Reconstruction, depending on the existing condition of the pavement. The project is located in the eastern area of the City of Lake Elsinore, in Riverside County, California. The useful life of the project is expected to be around 10 to 12 years, with design to start in July 2026, be completed in September 2026, and construction to start in February 2027 and be completed by May 2027.

Street Name From To Treatment
1 Hillside Drive Canyon Hills Road Corktree Road Slurry seal; AC Reconstruction
2 Cedar Mesa Drive Cottonwood Canyon
Road
Corktree Road Slurry seal
3 Corktree Road Hillside Drive Eastern Terminus Slurry seal; AC Reconstruction
4 Silk Tassel Road Hillside Drive (west) Hillside Drive (east) AC Reconstruction 5 Sundew Court Hillside Drive End of cul-de-sac Slurry seal 6 Zinnia Court Hillside Drive End of cul-de-sac Slurry seal 7 Lady Fern Court Corktree Drive End of cul-de-sac Slurry seal 8 Dianthus Lane Corktree Road (west) Corktree Road
(east)
AC Reconstruction
9 Dianthus Court Corktree Road End of cul-de-sac AC Reconstruction 10 Agaliya Court West end of cul-de-sac East end of cul-desacAC Reconstruction 11 Aster Lane Agaliya Court Ceda Mesa Drive AC Reconstruction

CC Reso No. 2026-
3 of 4
The HSIP Cycle 11 Citywide Pedestrian Crosswalk Enhancements Project will install rectangular rapid flashing beacon signs, advanced signage, pavement markings, and ADA-compliant curb ramp upgrades at each of the nine (9) proposed intersections. The useful life of the project is expected to be around 20 years. The project is located at various intersections throughout the City of Lake Elsinore. The design will be completed in June 2026, with construction expected to start in October 2026 and be completed by March 2027.

Intersection Location
1 Machado Street & Broadway Street
2 Joy Street at Machado Elementary
3 Heald Avenue & Mohr Street
4 Heald Avenue & Lewis Street
5 Sumner Avenue & Kellogg Street
6 Sumner Avenue & Poe Street
7 Mill Street & Avenue 9
8 Ponte Russo & Ponte Verde
9 Kalanchoe Road & Waxen Drive
Section 3. The City Clerk shall certify to the adoption of this Resolution and enter it into the book of original Resolutions.

Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore, California, this 9th day of June, 2026.
___________________________________
Robert E. Magee
Mayor
Attest:
___________________________________
Candice Alvarez, MMC
City Clerk

CC Reso No. 2026-
4 of 4

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 June 9, 2026 and that the same was adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Candice Alvarez, MMC
City Clerk

HILLSIDE DR TRACT PAVEMENT

RESURFACING PROJECT

SLURRY SEAL

AC RECONSTRUCTION

ELSINOREEXHIBIT - CITY OF LAKE

CURB RAMP LOCATIONS
1 3
7 9
2 4
5,#6
8 LEGEND :
2 2
1 3
3 4
4 4
1 3
4 TOTAL

CURB RAMPS
3 2
4 4
4 3
4 4
4 NON-ADA

COMPLIANT
ADA

COMPLIANT
TOTAL 8 23 31
CROSS

STREETS

LOCATION
1 Machado Street at Broadway Street
2 Joy Street at Machado Elementary
3 Heald Avenue at Mohr Street
4 Heald Avenue at Lewis Street
5 Sumner Avenue at Kellogg Street
6 Sumner Avenue at Poe Street
7 Mill Street at Avenue 9
8 Ponte Russo at Ponte Verde
9 Kalanchoe Road at Waxen Drive
Project Locations

CURB RAMP SUMMARY
PROJECT NO. Z10105

Page 1 of 2 ends

Background
CR&R, Incorporated holds an exclusive franchise in the City of Lake Elsinore to collect and dispose of refuse and to collect and process recyclables in the city. The franchise contract specifies that rates be adjusted annually to reflect changes in the Consumer Price Index (CPI) and any increases in the Riverside County Landfill Fees. The current monthly residential rate is $32.86, which includes the Landfill Fee of $3.78.

Discussion
The CR&R requested increase in service rates is based on the data supplied by the Bureau of Labor Statistics for the 12 months ending March 31, 2026, in which the Consumer Price Index (CPI) for the Los Angeles, Riverside and Orange County area increased by 3.77%.

In addition, City staff was notified that the County of Riverside Waste Management Department will be adjusting their landfill disposal rate for Fiscal Year 2026-2027 to a rate of $45.06 per ton. 2026 Annual CPI Increase Refuse

Page 2 of 2 ends

Due to the increased CPI adjustment factor, a monthly rate adjustment will become effective for residential and commercial accounts. The monthly residential rate will go from $32.86 per month to $34.76 per month.

The new rates are reflected in CR&R Exhibit “C” and will become effective July 01, 2026.

Fiscal Impact
No negative fiscal impact to the city. The rate adjustment will result in a slight increase in franchise revenues for the city.

Attachments
Attachment 1 – 2026 Price Adjustment
Attachment 2 – Schedule of Rates

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: Rick De Santiago, Public Works Manager
Date: June 9, 2026
Subject: Agreement with Wesco for Lighting Installation Services at Tuscany Hills Ball Field (CIP Project No. Z40021)
Recommendation
Approve and authorize the City Manager to execute a Contractor Services Agreement with Wesco for Lighting Installation Services at Tuscany Hills Ball Field in an amount not to exceed $103,738.56 in such final form as approved by the City Attorney, and authorize the City Manager to execute change orders not exceeding a 10% contingency of $10,373 for uncertainties and adjustments.

Background
The Tuscany Hills Ball Field is a key recreational amenity serving the surrounding community.

The existing lighting infrastructure is insufficient to support evening programming, field safety, and expanded community use. Staff has identified the need to install new field lighting, upgrade conduit and wiring, and install new light poles to improve illumination and operational reliability.

Discussion
Wesco will provide all labor, materials, equipment, and installation services necessary to complete the lighting improvements at the Tuscany Hills Ball Field. The proposed scope of work includes:

Agreement with Wesco

Page 2 of 2 ends

 Installation of 2 new 4’ field lights - mounted to improve field illumination and nighttime visibility.
 Installation of 1” conduit to each pole – routed from existing hand holes on site to support new lighting circuits.
 Pulling 2 No. 10 conductors and No. 10 ground to each pole – connecting new lighting to the existing lighting control panel.
 Pulling 2 No. 10 conductors and No. 10 ground to each existing hand hole – supporting upgraded security lighting circuits.
 Unloading, assembling, and standing two 40’ light poles – including all equipment and safety measures.
 Installation of light pole foundations – consisting of 24’ x 8’ excavated holes poured with 3,000 psi concrete.

Wesco’s qualifications, experience with municipal lighting systems, and availability under the Sourcewell contract make them well-suited to perform this work efficiently and in compliance with City standards.

Wesco is an approved vendor under a Sourcewell cooperative purchasing contract that meets competitive bidding requirements and enables the City to procure specialized lighting installation services at competitive bid prices. Contract No. 091422 expires on November 8, 2026.

Fiscal Impact
Funds are available in the City’s FY26-27 Capital Improvement Plan (CIP) budget.

Attachments
Attachment 1 – Agreement
Exhibit A - Quote

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AGREEMENT FOR CONTRACTOR SERVICES
Wesco
Lighting Installation Services at Tuscany Hills Ball Field This Agreement for Contractor Services (the “Agreement”) is made and entered into as of June 9, 2026, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Wesco, a Corporation ("Contractor").

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

Lighting installation services at Tuscany Hills Ball Field.

B. Contractor has submitted to City a proposal, dated April 20, 2026, attached hereto as Exhibit A (“Contractor’s Proposal”) and incorporated herein, to provide contractor services to City pursuant to the terms of this Agreement.

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

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

AGREEMENT

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

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

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3. Compensation. Compensation to be paid to Contractor shall be in accordance with the fees set forth in Contractors’ Proposal (Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Contractor’s compensation exceed One Hundred Three Thousand Seven Hundred Thirty-Eight dollars and fifty-six cents ($103,738.56) without additional written authorization from the City. Notwithstanding any provision of Contractor’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Contractor or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to property, or violation of law. It is understood that the duty of Contractor to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by City of insurance certificates and endorsements required under this Agreement does not relieve Contractor from liability under this indemnification and hold harmless clause. This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply. By execution of this Agreement, Contractor acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

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

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iii. Automobile Liability Coverage. Contractor shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence.

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

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c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Contractor shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Contractor shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein.

Buena Park, CA 90620

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

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

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

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

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

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

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

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

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

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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation

City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney

Assistant City Manager
“CONTRACTOR”
Wesco, a corporation

By: Patti Diaz
Its: Project Manager
Attachments: Exhibit A – Contractor’s Proposal
Exhibit B – List of Subcontractors

EXHIBIT A

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]

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REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Candice Alvarez, MMC, City Clerk
Date: June 9, 2026
Subject: Minutes of the Regular Successor Agency Meeting of May 26, 2026 Recommendation
Approve the Minutes.

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