Agenda packet, second session — Menifee City Council, July 15, 2026 (part 3 of 17)

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Annexation No. 37 would have a maximum annual tax of $1,413 per acre and would be included in CFD No. 2017-1 as “Tax Zone 37.” This tax rate includes a Maximum Special Tax A of $968 per acre per year for maintenance services of public facilities and a Maximum Special Tax B (Contingent Tax B) of $445 per acre per year. The maximum annual tax rate is proposed to escalate each year at the greater of Consumer Price Index (CPI) or 2%. The attached CFD Maintenance Site Plan Exhibit illustrates which services would be maintained by the CFD.

The Owner has agreed to initiate and conduct the CFD annexation proceedings pursuant to the Act. To that end, the Owner has submitted a “Consent and Waiver” form on file in the City Clerk’s Office which authorizes the City to (1) hold the election and declare election results (2) shorten election time requirements, (3) waive analysis and arguments, and (4) waive all notice requirements relating to the conduct of the election immediately following the public hearing.

The next step to annex TM 38303 into CFD No. 2017-1 is to publish a notification of the proposed annexation along with the Resolution of Intention and Boundary Maps of the proposed Annexation area. A public hearing on the matter would take place on August 19, 2026, and at that time, the Council would formally consider approval of the Annexation No. 37.

STRATEGIC PLAN OBJECTIVE
Safe and Vibrant Community

FISCAL IMPACT
The individual property owners in the CFD would be responsible for annual payments of special taxes. It is estimated, upon full completion of the development, that there would be an annual collection of special tax revenues of approximately $24,603, not including Contingent Tax B, to be used to pay for maintenance costs.

On June 1 of each year, every taxable acre within the boundaries of the CFD would be subject to the special tax for the ensuing Fiscal Year. If the anticipated costs of maintaining the facilities in any given Fiscal Year, prior to buildout of the project, exceeds the special tax revenues available from parcels for which building permits have been issued, the special tax may also be applied to property within recorded final subdivision maps, as well as other undeveloped property within the boundaries of the CFD.

All costs associated with annexation into the CFD have been borne by the Owners. By annexing into the CFD, the costs of maintaining improvements located within the development would be financed through special taxes levied on the parcels within CFD No. 2017-1 and not through the City’s General Fund.

ATTACHMENTS

1. Project Location Map

2. Resolution of Intention and Exhibits

3. CFD Maintenance Site Plan Exhibit
Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 2
Menifee Mayor and City Council
July 15, 2026
Page
191 of 3153

1 RESOLUTION NO. 26-____

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

DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2017- 1 (MAINTENANCE SERVICES) OF THE CITY OF MENIFEE, ADOPTING A MAP OF THE AREA PROPOSED TO BE ANNEXED (ANNEXATION NO. 37) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN
WHEREAS, pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”) , on November 1, 2017 , the City Council (the “City Council”) of the City of Menifee (the “City”) approved Resolution No. 17-654 establishing Community Facilities District No. 2017-1 (Maintenance Services) of the City of Menifee, County of Riverside, State of California (the "CFD No. 2017- 1") for the purpose of levying special taxes on parcels of taxable property therein, which taxes would be used to provide certain services necessary to meet increased demands placed upon the City by development; and WHEREAS, the City Council has received a written instrument to initiate and conduct proceedings pursuant to the Act, to annex territory into CFD No. 2017-1 and to consent to the shortening of election time requirements, waiving of analysis and arguments, and waiving of all notice and word limit requirements for the ballot relating to the conduct of the election; and WHEREAS, the City Council has been advised that certain property owners have requested that the area described in Exhibit A be annexed territory into the boundaries of CFD No. 2017-1, and that a rate and method of apportionment of the special tax to be levied therein be established.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Menifee, California, acting as the Legislative Body of Community Facilities District No. 2017-1 (Maintenance Services) of the City of Menifee, determined and order as follows:

Section 1. Intent to Annex. The City Council, acting as the legislative body of the CFD No. 2017-1 hereby declares that it proposes and intends to conduct proceedings pursuant to Article

3.5 of the Act for the annexation into the CFD No. 2017 -1 of the territory described in Exhibit A attached hereto. The City Council determines that the public convenience and necessity require that such territory be annexed to CFD No. 2017-1.

Section 2. Name of the Community Facilities District. The existing community facilities district is known as “Community Facilities District No. 2017-1 (Maintenance Services).” Section 3. Description of Territory Included in Existing CFD No. 2017 -1. The boundaries of the territory currently included in the CFD No. 2017-1 are described and shown on that certain map entitled "Proposed Boundary Map – Community Facilities District No. 2017 -1 (Maintenance Services) City of Menifee, County of Riverside, State of California", as recorded on November 7, 2017 in Book 81 of Maps of Assessment and Community Facilities Districts, at Page 69, and as Document No. 2017-0465706 in the official records of the County of Riverside, as amended by the following:

Section 4. Description of Territory Proposed to be Annexed, Annexation Map. The territory proposed to be annexed is included within the boundaries within which property may annex to CFD No. 2017-1 and is more particularly described and shown on that certain map entitled “Boundaries – Potential Annexation Area Community Facilities District No. 2017-1 (Maintenance Services) of the City of Menifee, County of Riverside, State of California,” as recorded on November 7, 2017 in Book 81 of Maps of Assessment and Community Facilities Districts, at Page 70, and as Document No. 2017-0465707 in the official records Item Title: 10.12
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Resolution of Intention Annex 37

2 of the County of Riverside. The territory proposed to be annexed to the CFD No. 2017 -1 is described in Exhibit A attached hereto and by this reference made a part hereof. Such territory is also shown and described on the map thereof entitled "Annexation Map No. 37, Community Facilities District No. 2017-1 (Maintenance Services), City of Menifee, County of Riverside, State of California," which is on file with the City Clerk (the "Annexation Map") and attached hereto as Exhibit D
Section 5. Description of Authorized Services. The services proposed to be financed by the territory proposed to be annexed to the CFD No. 2017-1 (the “Services”) are the same as those services authorized to be financed by the existing territory in the CFD No. 2017-1 and are described in Exhibit B attached hereto. The cost of providing the Services includes “Administrative Expenses,” which include costs associated with the creation of CFD No. 2017-1, determination of the amount of special taxes, collection or payment of special taxes, or costs otherwise incurred in order to carry out the authorized purposes of CFD No. 2017-1. The Services authorized to be financed by CFD No. 2017-1 are in addition to those currently provided in the territory of CFD No. 2017-1 and do not supplant Services already available within that territory.

Section 6. Plan for Providing Services. The Services would be provided within the territory proposed to be annexed to the CFD No. 2017-1 and the existing territory in the CFD No. 2017-1 on the same basis.

Section 7. Levy of Special Taxes. Except where funds are otherwise available, a special tax sufficient to pay the costs of the Services (including Administrative Expenses), secured by recordation of a continuing lien against all nonexempt real property in CFD No. 2017 -1, would be levied annually within the territory proposed to be annexed to the CFD No. 2017-

1. The rate and method of apportionment, and manner of collection of the special tax are specified in Exhibit C.

Section 8. No Alteration of the Special Tax Levied in the Existing CFD No. 2017-1. The City Council does not propose to alter the special tax rate levied within the existing territory in the CFD No. 2017-1.

Section 9. Adoption of Annexation Map. Pursuant to Section 3110.5 of the Streets and Highways Code, the City Council adopts the Annexation Map as the map of the area proposed to be annexed to the CFD No. 2017- 1. Pursuant to Section 3111 of said Code, the City Clerk shall file the original of the Annexation map in his or her office and shall file a copy of the Annexation Map with the County Recorder of the County of Riverside no later than 15 days prior to the date of the hearing specified in Section 10 hereof.

Section 10. Public Hearing. The City Council hereby fixes 6:00 p.m., or as soon thereafter as practicable, on Wednesday, August 19, 2026 in the City Council Chambers located at 29844 Haun Road, Menifee, California 92586, as the time and place when and where the City Council would conduct a public hearing on the proposed annexation of the area depicted on the Annexation Map and described in Exhibit A hereto territory to the CFD No. 2017-1.

Section 11. Notice of Public Hearing. The City Clerk is hereby directed to publish, or cause to be published, a notice of said public hearing, in substantially the form attached hereto as Exhibit F, one time in a newspaper of general circulation published in the area of CFD No. 2017-1. The publication of said notice shall be completed at least seven days prior to Item Title: 10.12
Resolution

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Menifee Mayor and City Council
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Resolution of Intention Annex 37

3 the date herein fixed for said hearing. Said notice shall contain the information prescribed by Section 53339.4 of the Act.

Section 12. Mailing Ballots. In anticipation of its action on Wednesday, August 19, 2026 to call the election on the annexation for the same date, pursuant to waiver of election time limits from the landowners, the City Council hereby authorizes the City Clerk to mail to each landowner in the territory proposed to be annexed to the CFD No. 2017-1 a ballot, the full text of which shall be as set forth in Exhibit G hereto and shall be included in the ballot pamphlet mailed to each qualified elector. A copy of the waiver and consent form signed by the property owner is attached hereto as Exhibit E and incorporated herein by this reference.

Section 13. Authorization to Take Action. The officers, employees and agents of the City are hereby authorized and directed to take all actions and do all things which they, or any of them, may deem necessary or desirable to accomplish the purposes of this Resolution and not inconsistent with the provisions hereof.

Section 14. Effective Date. This Resolution shall take effect immediately upon its adoption.

PASSED, APPROVED AND ADOPTED this ____ day of _______, 2026.

___________________________
Ricky Estrada, Mayor

Attest:

___________________________
Stephanie Roseen, City Clerk

Approved as to form:

___________________________
Jeffrey T. Melching, City Attorney

Item Title: 10.12
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EXHIBIT A

DESCRIPTION OF PROPOSED TERRITORY TO BE ANNEXED
The City of Menifee Community Facilities District No. 2017 -1 (Maintenance Services) (the “CFD No. 2017 -1”) Annexation No. 37 is currently comprised of two (2) parcels, located within the City boundaries. The property is identified by the following Riverside County Assessor's Parcel Numbers (APNs).

Assessor Parcel Number(s) Owner Name
331-270-007 IV4 Menifee Valley Business Park BLDG 3
331-260-026 IV4 Menifee Valley Business Park BLDG 3

Item Title: 10.12
Resolution

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Park

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 6
Menifee Mayor and City Council
July 15, 2026
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City of Menifee 12
Community Facilities District No. 2017-1 (Maintenance Services)

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES
The services which may be funded with proceeds of the special tax of CFD No. 2017-1 , as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right -of-way, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and
(b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right -of-way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance and servicing of the water quality basin improvements within flood control channel improvements; and (c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2017-1; as well as local roads within residential subdivisions located within CFD No. 2017-1 ; and any portions adjacent to the properties within CFD No. 2017-1; and In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

The above services may be financed by p roceeds of the special tax of CFD No. 2017 -1 only to the extent that they are in addition to those provided in the territory of CFD No. 2017-1 before CFD No. 2017-1 was created or those provided in the territory annexed to CFD No. 2017 -1 before the territory was annexed, as applicable.

EXHIBIT B
Item Title: 10.12
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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 7
Menifee Mayor and City Council
July 15, 2026
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EXHIBIT C

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

OF THE CITY OF MENIFEE

A Special Tax (the “Special Tax”) shall be levied on and collected from each Assessor’s Parcel (defined below) in Community Facilities District No. 2017-1 (Maintenance Services) (the “CFD No. 2017-1” or “CFD”; defined below), in each Fiscal Year, (defined below), commencing in the Fiscal Year beginning July 1, 201 8, in an amount determined by the City Council of the City of Menifee, acting in its capacity as the legislative body of CFD No. 2017-1, by applying the rate and method of apportionment set forth below. All of the real property in CFD No. 2017-1, unless exempted by law or by the provisions herein, shall be taxed to the extent and in the manner provided herein.

A. DEFINITIONS

“Acre” or “Acreage” means the land area of an Assessor’s Parcel as shown on any Assessor’s Parcel Map, or if the land area is not shown on the Assessor’s Parcel Map, the land area as shown on the applicable Final Map, or if the area is not shown on the applicable Final Map, t he land area shall be calculated by the Administrator.

“Administrative Expenses” means the actual or reasonably estimated costs directly related to the formation, annexation, and administration of CFD No. 2017 -1 including, but not limited to: the costs of computing the Special Taxes and preparing the annual Special Tax collection schedules (whether by the City or designee thereof or both); the costs to the City, CFD No. 2017 -1, or any designee thereof associated with fulfilling the CFD No. 2017- 1 disclosure requirements; the costs associated with responding to public inquiries regarding the Special Taxes; the costs of the City, CFD No. 2017- 1 or any designee thereof related to an appeal of the Special Tax; and the City's annual administration fees including payment of a proportional share of City overhead and salaries and benefits of any City employees whose duties are related to the administration of CFD No. 2017-1 and third party expenses related to CFD No. 2017-1. Administrative Expenses shall also include amounts estimated or advanced by the City or CFD No. 2017 -1 for any other admin istrative purposes of CFD No. 2017- 1, including attorney's fees and other costs related to commencing and pursuing to completion any foreclosure of delinquent Special Taxes.

“Administrator” means the City Manager of the City of Menifee, or his or her designee.

“Approved Property” means all Assessor’s Parcels of Taxable Property that are included in a Final Map that was recorded prior to the March 1 preceding the Fiscal Year in which the Special Tax is being levied, and that have not been issued a building permit on or prior to the June 1 preceding the Fiscal year in which the special tax is being levied.

“Assessor’s Parcel” means a lot or parcel of land that is identifiable by an Assessor’s Parcel Number by the County Assessor of the County of Riverside.

“Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.

“Assessor’s Parcel Number” means that identification number assigned to a parcel by the County Assessor of the County.

“Building Square Footage” or “BSF” means the floor area square footage reflected on the original Item Title: 10.12
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July 15, 2026
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construction building permit issued for construction of a building of Non -Residential Property and any Building Square Footage subsequently added to a building of such Non-Residential Property after issuance of a building permit for expansion or renovation of such building.

“Calendar Year” means the period commencing January 1 of any year and ending the following December 31.

“CFD” or “CFD No. 2017 -1” means the City of Menifee Community Facilities District No. 2017 -1 (Maintenance Services).

“City” means the City of Menifee.

“Contingent Services” means services permitted under the Mello-Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2017- 1 as set forth in the documents adopted by the City Council at the time the CFD was formed to be provided by the City in the event the Administrator makes a determination pursuant to Section C(2) that a Property Owners’ Association fails to adequately provide such services.

“County” means the County of Riverside.

“Developed Property” means all Assessor’s Parcels of Taxable Property for which a building permit for new construction has been issued on or prior to June 1 preceding the Fiscal Year in which the Special Tax is being levied.

“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section G.

“Final Map” means a subdivision of property by recordation of a final map, parcel map, or lot line adjustment, pursuant to the Subdivision Map Act (California Government Code Section 66410 et seq.) or recordation of a condominium plan pursuant to California Civil Code 1352 that creates individual lots for which building permits may be issued without further subdivision.

“Fiscal Year” means the period from and including July 1 st of any year to and including the following June
30th.

“Land Use Category” or “LUC” means any of the categories contained in Section B hereof to which an Assessor’s Parcel is assigned consistent with the land use approvals that have been received or proposed for the Assessor’s Parcel as of June 1 preceding the Fiscal Year in which the Special Tax is being levied.

“Maximum Special Tax ” means either Maximum Special Tax A and/or Maximum Special Tax B (Contingent), as applicable.

“Maximum Special Tax A” means for each Assessor’s Parcel and each Fiscal Year, the maximum Special Tax A, as determined in accordance with Section C below that can be levied on such Assessor’s Parcel in such Fiscal Year.

“Maximum Special Tax B (Contingent) ” means for each Assessor’s Parcel and each Fiscal Year, the maximum Special Tax B (Contingent) , as determin ed in accordance with Section C below that can be levied on such Assessor’s Parcel in such Fiscal Year.

Item Title: 10.12
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Menifee Mayor and City Council
July 15, 2026
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City of Menifee
Community Facilities District No. 2017-1 (Maintenance Services) 3 “Multi-Family Residential Property” or “MFR” means any Assessor’s Parcel of Residential Property upon which a building or buildings comprised of attached Residential Units sharing at least one common wall with another unit are constructed or are intended to be constructed.

“Non-Residential Property” or “NR” means all Assessor's Parcels of Taxable Property for which a building permit(s) was issued for a non -residential use. The Administrator shall make the determination if an Assessor’s Parcel is Non-Residential Property.

“Property Owner’s Association” or “POA” means the property owner’s association or homeowner’s association established to maintain certain landscaping within a Tax Zone.

“Proportionately” means for Taxable Property that is: (i) Developed Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Developed Property, (ii) Approved Property, that the ratio of the actual Special Tax levy to the Maximum Special Tax is the same for all Parcels of Approved Property, and (iii) Undeveloped Property that the ratio of the actual Special Tax levy per acre to the Maximum Special Tax per acre is the same for all Parcels of Undevelope d Property.

“Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator.

“Residential Property” means all Assessor’s Parcels of Taxable Property upon which Residential Units have been constructed or are intended to be constructed or for which building permits have been or may be issued for purposes of constructing one or more Residential Units.

“Service(s)” means services permitted under the Mello-Roos Community Facilities Act of 1982 including, without limitation, those services authorized to be funded by CFD No. 2017 -1 as set forth in the documents adopted by the City Council at the time the CFD was formed as identified in Appendix B.

“Single Family Residential Property” or “SFR” means any Residential Property other than Multi-Family Residential Property on an Assessor’s Parcel.

“Special Tax(es)” means the Special Tax A or Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property.

“Special Tax A” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax A Requirement.

"Special Tax A Requirement" means for each Tax Zone that amount to be collected in any Fiscal Year to pay for certain costs as required to meet the needs of such Tax Zone within CFD No. 2017-1 in both the current Fiscal Year and the next Fiscal Year. The costs to be covered shall be the direct costs for maintenance services including but not limited to (i) maintenance and lighting of parks, parkways, streets, roads and open space, (ii) maintenance and operation of water quality improvements, (iii) public street sweeping, (iv) fund an operating reserve for the costs of Services as determined by the Administrator, and (v) Administrative Expenses. Under no circu mstances shall the Special Tax A Requirement include funds for Bonds.
“Special Tax B (Contingent)” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax B (Contingent) Requirement, if required.

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“Special Tax B (Contingent) Requirement” means that amount required in any Fiscal Year, if the POA is unable to maintain the Contingent Service(s) to: (i) pay the costs of Contingent Services incurred or otherwise payable in the Calendar Year commencing in such Fiscal Year; (ii) fund an operating reserve for the costs of Contingent Services as determined by the Administrator; less a credit for funds available to reduce the annual Special Tax B (Contingent) levy as determined by the Administrator.

"Taxable Property" means all Assessor’s Parcels within CFD No. 2017-1, which are not Exempt Property.

“Taxable Unit” means a Residential Unit, Building Square Footage, or an Acre. "Tax Zone" means a mutually exclusive geographic area, within which particular Special Tax rates may be levied pursuant to this Rate and Method of Apportionment of Special Tax. Appendix C identifies the Tax Zone in CFD No. 2017-1 at formation; additional Tax Zones may be created when property is annexed into the CFD.

"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as Tax Zone 1.

"Tract(s)" means an area of land; i) within a subdivision identified by a particular tract number on a Final Map, ii) identified within a Parcel Map; or iii) identified within lot line adjustment approved for subdivision.

“Undeveloped Property” means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Approved Property.

B. ASSIGNMENT TO LAND USE CATEGORIES
For each Fiscal Year, all Assessor’s Parcels of Taxable Property within CFD No. 2017 -1 shall be classified as Developed Property, Approved Property, or Undeveloped Property, and shall be subject to the levy of Special Taxes as determined pursuant to Sections C and D below. Assessor’s Parcels of Developed Property and Approved Property shall be classified as either Residential Property or Non -Residential Property. Residential Property shall be further classified as Single Family Residential Property or Mult i- Family Residential Property and the number of Residential Units shall be determined by the Administrator.

C. MAXIMUM SPECIAL TAX RATES
For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Residential Property, all such Assessor’s Parcels shall be assigned the number of Residential Unit(s) constructed or to be constructed thereon as specified in or sh own on the building permit(s) issued or Final Map as determined by the Administrator. Once a single family attached or multi-family building or buildings have been built on an Assessor's Parcel , the Administrator shall determine the actual number of Residential Units contained within the building or buildings, and the Special Tax A levied against the Assessor’s Parcel in the next Fiscal Year shall be calculated by multiplying the actual number of Residential Un its by the Maximum Special Tax per Residential Unit for the Tax Zone below or as included in Appendix A as each annexation occurs.

For purposes of determining the applicable Maximum Special Tax for Assessor’s Parcels of Developed Property and Approved Property which are classified as Non-Residential Property, all such Assessor’s Parcels shall be assigned the number of Building Square Footage or Acres as shown on the Final Map Item Title: 10.12
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City of Menifee
Community Facilities District No. 2017-1 (Maintenance Services) 5 as determined by the Administrator. Once the Administrator determines the actual number of Building Square Footage or Acres for the Assessor’s Parcels, the Special Tax A levied against the Assessor’s Parcel in the next Fiscal Year shall be calculated by multiplying the number of Building Square Footage or Acres by the Maximum Special Tax per Taxable Unit identified for the applicable Tax Zone below or as included in Appendix A as each annexation occurs.

1. Special Tax A
a. Developed Property
(i) Maximum Special Tax A
The Maximum Special Tax A for each Assessor’s Parcel of Developed Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2017-1, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zones annexed and included in Appendix A. The Maximum Special Tax A for Developed Property for Fiscal Year 2018-19 within Tax Zone 1 is identified in Table 1 below:

TABLE 1

MAXIMUM SPECIAL TAX A RATES

DEVELOPED PROPERTY

Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax A
1 TR 36299-1
& PM 9504
Single Family Residential Property RU $158
Multi-Family Residential Property RU $158
Non-Residential Property Acre $1,714

(ii) Increase in the Maximum Special Tax A
On each July 1, commencing on July 1, 2019 the Maximum Special Tax A for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

(iii) Multiple Land Use Categories
In some instances, an Assessor's Parcel of Developed Property may contain more than one Land Use Category. The Maximum Special Tax A that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax A that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acrea ge designated for each land use a s determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.

b. Approved Property
The Maximum Special Tax A for each Assessor’s Parcel of Approved Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2017 -1, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Approved Property for Fiscal Year 2018-19 within Tax Zone 1 is identified in Table 2 below:

Item Title: 10.12
Resolution

Intention

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Annexation

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37,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 12
Menifee Mayor and City Council
July 15, 2026
Page
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TABLE 2

MAXIMUM SPECIAL TAX A RATES

APPROVED PROPERTY

On each July 1, commencing on July 1, 2019 the Maximum Special Tax A for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

c. Undeveloped Property
The Maximum Special Tax A for each Assessor’s Parcel of Undeveloped Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2017 -1, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax A for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax A for Undeveloped Property for Fiscal Year 2018-19 within Tax Zone 1 is identified in Table 3 below:

TABLE 3

MAXIMUM SPECIAL TAX A RATES

UNDEVELOPED PROPERTY

Tax Zone Tracts Taxable Unit Maximum Special Tax A
1 TR 36299-1
& PM 9504 Acre $1,515

On each July 1, commencing on July 1, 201 9 the Maximum Special Tax A for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

2. Special Tax B (Contingent)
The City Council shall levy Special Tax B (Contingent) only in the event the POA defaults in its obligation to maintain the Contingent Services, which default shall be deemed to have occurred, as determined by the Administrator, in each of the following circumstances:
(a) The POA files for bankruptcy;
(b) The POA is dissolved;
(c) The POA ceases to levy annual assessments for the Contingent Services; or (d) The POA fails to provide the Contingent Services at the same level as the City provides similar services and maintains similar improvements throughout the City and within ninety (90) days after written notice from the City, or such longer period permitted by the City Manager, fails to remedy the deficiency to the reasonable satisfaction of the City Council.

a. Developed Property
Item Title: 10.12
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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 13
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July 15, 2026
Page
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City of Menifee
Community Facilities District No. 2017-1 (Maintenance Services) 7 (i) Maximum Special Tax B (Contingent)
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Taxable Property is shown in Table 4 and shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2017 -1, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zones annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2018-19 within Tax Zone 1 is identified in Table 4 below:

TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

DEVELOPED PROPERTY

Tax
Zone Tract Land Use Category
Taxable
Unit
Maximum
Special Tax B
(Contingent)
1 TR 36299-1
& PM 9504
Single Family Residential Property RU $0
Multi-Family Residential Property RU $0
Non-Residential Property Acre $0

(ii) Increase in the Maximum Special Tax B (Contingent) On each July 1, commencing on July 1, 201 9 the Maximum Special Tax B (Contingent) for Developed Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

(iii) Multiple Land Use Categories
In some instances, an Assessor's Parcel of Developed Property may contain more than one Land Use Cate gory. The Maximum Special Tax B (Contingent) that can be levied on an Assessor's Parcel shall be the sum of the Maximum Special Tax B (Contingent) that can be levied for each Land Use Category located on that Assessor's Parcel. For an Assessor's Parcel that contains more than one land use, the Acreage of such Assessor's Parcel shall be allocated to each type of property based on the amount of Acrea ge desi gnated for each land use as determined by reference to the site plan approved for such Assessor's Parcel. The Administrator's allocation to each type of property shall be final.

b. Approved Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Approved Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2017 - 1, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2018-19 within Tax Zone 1 is identified in Table 5 below:

Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

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Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 14
Menifee Mayor and City Council
July 15, 2026
Page
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TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

APPROVED PROPERTY

On each July 1, commencing on July 1, 2019 the Maximum Special Tax B (Contingent) for Approved Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

c. Undeveloped Property
The Maximum Special Tax B (Contingent) for each Assessor’s Parcel of Undeveloped Property shall be specific to each Tax Zone within the CFD. When additional property is annexed into CFD No. 2017- 1, the rate and method adopted for the annexed property shall reflect the Maximum Special Tax B (Contingent) for the Tax Zone annexed and included in Appendix A. The Maximum Special Tax B (Contingent) for Fiscal Year 2018-19 within Tax Zone 1 is identified in Table 6 below:

TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

UNDEVELOPED PROPERTY

Tax Zone Tracts Taxable Unit
Maximum Special
Tax B (Contingent)
1 TR 36299-1
& PM 9504 Acre $0

On each July 1, commencing on July 1, 201 9 the Maximum Special Tax B (Contingent) for Undeveloped Property shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

1. Special Tax A
Commencing with Fiscal Year 2018-19 and for each following Fiscal Year, the City Council shall determine the Special Tax A Requirement for each Tax Zone and shall levy the Special Tax A on all Assessor’s Parcels of Taxable Property within such Tax Zone until the aggregate amount of Special Tax A equals the Special Tax A Requirement for such Tax Zone. The Special Tax A shall be levied for each Fiscal Year as follows:

First: The S pecial Tax A shall be levied Proportionately on all Assessor’s Parcels of Developed Property up to 100% of the applicable Maximum Special Tax A to satisfy the Special Tax A Requirement;

Second: If additional moneys are needed to satisfy the Special Tax A Requirement after the first step has been completed, the Special Tax A shall be levied Proportionately on each Parcel of Approved Item Title: 10.12
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City of Menifee
Community Facilities District No. 2017-1 (Maintenance Services) 9 Property at up to 100% of the Maximum Special Tax A for Approved Property;

Third: If additional monies are needed to satisfy the Special Tax A Requirement after the first two steps has been completed, the Special Tax A shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property up to 100% of the Maximum Special Tax A for Undeveloped Property.

2. Special Tax B (Contingent)
Commencing with the first Fiscal Year in which Special Tax B (Contingent) is authorized to be levied and for each following Fiscal Year, the City Council s hall determine the Special Tax B (Contingent) Requirement for each Tax Zone, if any, and shall levy the Special Tax on all Assessor’s Parcels of Taxable Property within such Tax Zone until the a ggregate amount of Special Tax B (Contingent) equals the Special Tax B (Contingent) Requirement for such Tax Zone. The Special Tax B (Contingent) shall be levied for each Fiscal Year as follows:

First: The S pecial Tax shall be levied Proportionately on all Assessor’s Parcels of Developed Property up to 100% of the applicable Maximum Special Tax B (Contingent) to satisfy the Special Tax B (Contingent) Requirement;

Second: If additional moneys are needed to satisfy the Special Tax B (Contingent) Requirement after the first step has been completed, the Special Tax B (Contingent) shall be levied Proportionately on each Parcel of Approved Property at up to 100% of the Maximum Special Tax B (Contingent) for Approved Property;

Third: If additional monies are needed to satisfy the Special Tax B (Contingent) Requirement after the first two steps has been completed, the Special Tax B (Contingent) shall be levied Proportionately on all Assessor’s Parcels of Undeveloped Property up to 100% of the Maximum Special Tax B (Contingent) for Undeveloped Property.

E. FUTURE ANNEXATIONS
It is anticipated that additional properties will be annexed to CFD No. 2017-1 from time to time. As each annexation is proposed, an analysis will be prepared to determine the annual cost for providing Services to such properties . Based on this analysis, any properties to be annexed, pursuant to California Government Code section 53339 et seq. will be assigned the appropriate Maximum Special Tax rates for the Tax Zone when annexed and included in Appendix A.

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

For each Fiscal Year, the Special Tax B (Contingent) shall be levied as long as the Contingent Services are being provided.

G. EXEMPTIONS
The City shall classify as Exempt Property within CFD No. 2017-1, all Assessor’s; (i) which are owned by, irrevocably offered for dedication, encumbered by or restricted in use by any public entity; (ii) with public or utility easements making impractical their utilization for other than the purposes set forth in the easement; (iii) which are privately owned but are encumbered by or restricted solely for public uses; or (iv) which are in use in the performance of a public function as determined by the Administrator.

Item Title: 10.12
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H. APPEALS
Any property owner claiming that the amount or application of the Special Taxes are not correct may file a written notice of appeal with the City not later than twelve months after having paid the first installment of the Special Tax that is disputed. The Administrator of CFD No. 2017- 1 shall promptly review the appeal, and if necessary, meet with the property owner, consider written and oral evidence regarding the amount of the Special Tax, and rule on the appeal. If the Administrator’s decision requires that the Special Tax for an Assessor’s Parcel be modified or changed in favor of the property owner, a cash refund shall not be made, but an adjustment shall be made to the Special Tax on that Assessor’s Parcel in the subsequent Fiscal Year(s).

I. MANNER OF COLLECTION
The Special Tax shall be collected in the same manner and at the same time as ordinary ad valorem property taxes, provided, however, that CFD No. 2017 -1 may collect the Special Tax at a different time or in a different manner if necessary to meet its financial obligations.

Item Title: 10.12
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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 17
Menifee Mayor and City Council
July 15, 2026
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City of Menifee
Community Facilities District No. 2017-1 (Maintenance Services) 11 APPENDIX A

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

COST ESTIMATE
Special Tax A Services - The estimate breaks down the costs of providing one year's maintenance services for Fiscal Year 2026-27. These services are being funded by the levy of Special Tax A for Community Facilities District No. 2017-1 Tax Zone 37.

TAX ZONE 37 (SERVICES)
TR 38303
Item Description Estimated Cost
1 Landscaping $4,520
2 Lighting $3,612
3 Streets $10,456
4 Drainage $1,797
5 Reserves $3,061
6 Administration $1,157
Total $24,603
TAX ZONE 37 (CONTINGENT SERVICES)
TR 38303
Special Tax B Contingent Services – The estimate breaks down the costs of providing one year’s contingent maintenance services for Fiscal Year 2026-27. If necessary, these services will be funded by the levy of Special Tax B (Contingent) for Community Facilities District No. 2017-1 Tax Zone 37.

Item Description Estimated Cost
1 Drainage $8,838
2 Reserves $1,337
3 Administration $1,135
Total $11,310
TAX ZONE 37
FY 2026-27 MAXIMUM SPECIAL TAX RATES
Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Developed Acre $968 $445
Approved Acre $968 $445
Undeveloped Acre $968 $445

Item Title: 10.12
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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 18
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MAXIMUM SPECIAL TAXES ASSIGNED TO EACH TAX ZONE
Tax
Zone
Fiscal
Year
Included
Tract/
APN
No. of
Taxabl
e Units
Land Use
Category
Taxable
Unit
Maximum
Special Tax
A
Maximum
Special Tax B
(Contingent) Subdivider
1 2018-19 36299-1 & PM
9504
426 SFR RU $158 $0 Stark Menifee Land, LLC
548 MFR RU $158 $0 Stark Menifee Land, LLC &
Menifee Multifamily, LLC

27.68 NR Acre $1,714 $0 Several
2 2020-21 TR 37576 65 SFR RU $539 $43 Meritage Homes
3 2020-21 TR 28859 161 SFR RU $727 $0 Woodside O5S
4 2020-21 TTM 31098 258 SFR RU $878 $0 Lennar Homes of
California, Inc.
5 2020-21 TTM 36852 68 SFR RU $755 $151 Strata Holland, LLC 6 2021-22 TTM 37668 175 SFR RU $765 $295 Meritage Homes of California, Inc.
7 2022-23 TTM 31456 176 SFR RU $996 $0 RCFC Investments, LLC 8 2021-22 TR 32102 & TR
32102-1 256 SFR RU $674 $0
Diamond Brother Five
Partnership, LP and Pulte
Home Company, LLC
9 2021-22 TTM 37400 174 SFR RU $703 $0 D.R. Horton Los Angeles Holding Company, Inc.
10 2022-23 TPM 37380 3.62 NR Acre $3,588 $1,646 Briggs & 74, LLC 11 2024-25 TR 31194 552 SFR RU $913 $0 Golden Meadowland, LLC & Golden Hill Country, LLC
12 2022-23 TR 37408 & TR
37409 1,022 SFR RU $963 $5 BLC Fleming LLC
13 2022-23 TR 36803 80 SFR RU $556 $171 FPG Sun Menifee 80 LLC 14 2022-23 TR 32628 303 SFR RU $281 $45 FPG Tricon Menifee Property LLC
15 2022-23 PLN 20-0167 9.92 MFR/NR Acre $3,865 $2,375 Boulders Menifee LLC 16 2022-23 LLA 17-007 12.48 MFR Acre $3,273 $2,119 Jefferson Menifee, LLC 17 2023-24 PM 37145 4.82 NR Acre $3,137 $0 VSK Investments, LLC 18 2023-24 TR 37131 305 SFR RU $533 $38 AG EHC II (LEN) CA 1, LP 19 2023-24 PLN 22-0199 0.96 NR Acre $2,995 $0 DSMD Cajun Properties 20 2026-27 TTM 38525 45 SFR RU $1,091 $141 Menifee 50, LLC 21 2024-25 TR 38219 198 SFR RU $315 $71 Richmond American Homes of Maryland Inc.
22A 2023-24 TR 36658-1, -
3, -4, & -7 393 SFR RU $1,086 $100 Pulte Home Company, LLC 22B 2023-24 TR 36658-2 116 SFR RU $879 $100 Pulte Home Company, LLC 22C 2023-24 TR 36658-5
& 36658-6 247 SFR RU $879 $100 Pulte Home Company, LLC
23 2024-25 TR 37671 182 SFR RU $1,293 $0 Pulte Home Company, LLC 24 CANCELED
25 2026-27 TR 37692 130 SFR RU $646 $187 Quail Hills, LP 26 2024-25 TTM 38126 96 SFR RU $1,239 $0
Richmond American
Homes of Maryland, Inc.,
a Maryland corporation
Item Title: 10.12
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Menifee Mayor and City Council
July 15, 2026
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City of Menifee
Community Facilities District No. 2017-1 (Maintenance Services) 13 Tax
Zone
Fiscal
Year
Included
Tract/
APN
No. of
Taxabl
e Units
Land Use
Category
Taxable
Unit
Maximum
Special Tax
A
Maximum
Special Tax B
(Contingent) Subdivider
27 2024-25 333-040-043,
333-040-044 1.89 NR Acre $5,016 $1,002
KA Menifee, LLC, Capital
Financial Group, Inc.

Defined Benefit Pension
Plan, Kaassi International,
Inc. Defined Benefit
Pension Plan, KZA Inc.

Defined Benefit Pension
Plan.
28 2025-26 PLN 22-0154 43.14 NR Acre $820 $0 Nova Power, LLC 29 2024-25 TR 38346 162 MFR RU $274 $65 Lennar Homes of California, LLC
30 2025-26 TPM 38156 71.78 NR Acre $1,312 $374 Menifee Commerce Center
31 To Be Determined
32 To Be Determined
33 2025-26 CUP 2019-013 4.07 NR Acre $1,048 $1,902 CG Menifee 1, LLC, & CG Menifee 2, LLC
34 2025-26 TTM 31229 233 SFR RU $1,033 $121
KB Home Cal
Management Services,
LLC
35 2025-26 335-481-017 30 MFR RU $525 $327 Navarro Trust DTD 05/01/2007
36 To Be Determined
37 2026-27 TR 38303 28.24 NR Acre $968 $445 IV4 Menifee Valley Business Park BLDG 3, LLC
38 2026-27 TR 38303 74.42 NR Acre $1,339 $999 IV4 Menifee Valley Business Park BLDG 4, LLC
39 2025-26 TTM 38766 67 SFR RU $1,013 $282 Garbani Road 134 Owner, LLC
40 2025-26 331-120-058 4.44 NR Acre $3,844 $7,174 Kaiser Foundation Health, Inc.

ESCALATION OF MAXIMUM SPECIAL TAXES
On each July 1, commencing on July 1, 20 19 the Maximum Special Tax shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Los Angeles - Riverside - Orange County (1982-84 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater.

Item Title: 10.12
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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 20
Menifee Mayor and City Council
July 15, 2026
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APPENDIX B

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES

The services which may be funded with proceeds of the special tax of CFD No. 2017-1, as provided by Section 53313 of the Act, will include all costs attributable to maintaining, servicing, cleaning, repairing and/or replacing landscaped areas (may include reserves for replacement) in public street right -of-way, public landscaping, public open spaces and other similar landscaped areas officially dedicated for public use. These services including the following:
(a) maintenance and lighting of parks, parkways, streets, roads and open space, which maintenance and lighting services may include, without limitation, furnishing of electrical power to street lights and traffic signals ; repair and replacement of damaged or inoperative light bulbs, fixtures and standards; maintenance (including irrigation and replacement) of landscaping vegetation situated on or adjacent to parks, parkways, streets, roads and open space; maintenance and repair of irrigation facilities; maintenance of public signage; graffiti removal from and maintenance and repair of public structures situated on parks, parkways, streets, roads and open space; maintenance and repair of playground or recreation program equipment or facilities situated on any park; and

(b) maintenance and operation of water quality improvements which include storm drainage and flood protection facilities, including, without limitation, drainage inlets, catch basin inserts, infiltration basins, flood control channels, fossil fuel filters, and similar facilities. Maintenance services may include but is not limited to the repair, removal or replacement of all or part of any of the water quality improvements, fossil fuel filters within the public right-of-way including the removal of petroleum hydrocarbons and other pollutants from water runoff, or appurtenant facilities, clearing of inlets and outlets; erosion repairs; and cleanup to improvements, and other items necessary for the maintenance and servicing of the water quality basin improvements within flood control channel improvements; and

(c) public street sweeping, on the segments of the arterials within the boundaries of CFD No. 2017-1; as well as local roads within residential subdivisions located within CFD No. 2017-1; and any portions adjacent to the properties within CFD No. 2017-1; and

In addition to payment of the cost and expense of the forgoing services, proceeds of the special tax may be expended to pay “Administrative Expenses,” as said term is defined in the Rate and Method of Apportionment.

The above services may be financed by proceeds of the special tax of CFD No. 2017-1 only to the extent that they are in addition to those provided in the territory of CFD No. 2017-1 before CFD No. 2017-1 was created or those provided in the territory annexed to CFD No. 2017-1 before the territory was annexed, as applicable.

Item Title: 10.12
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July 15, 2026
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EXHIBIT D

ANNEXATION AND POTENTIAL ANNEXATION BOUNDARY MAPS
(ON FOLLOWING PAGES)
Item Title: 10.12
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331-270-007
331-260-026
Malaga Rd
McLaughlin Rd
·|}þ74
SHEET 1 OF 1 SHEET
\_
CFD 2017-1
TAX ZONE 37
·|}þ74
·|}þ74
§¨¦215

MENIFEE
0 1,000 2,000 500 Feet
ANNEXATION MAP NO. 37
COMMUNITY FACILITIES DISTRICT NO. 2017-1
(MAINTENANCE SERVICES)

CITY OF MENIFEE

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA

T H I S M A P S H O W S T H E B O U N D A R I E S O F A R E A S T O B E ANNEXED TO COMMUNITY FACILITIES DISTRICT NO. 2017-1
(MAINTENANCE SERVICES), OF THE CITY OF MENIFEE, COUNTY O F R I V E R S I D E , S T A T E O F C A L I F O R N I A .

THE BOUNDARIES OF WHICH COMMUNITY FACILITIES

DISTRICT ARE SHOWN AND DESCRIBED ON THE MAP

THEREOF WHICH WAS PREVIOUSLY RECORDED ON
NOVEMBER 7, 2017 IN BOOK 81 OF MAPS OF ASSESSMENT
A N D C O M M U N I T Y F A C I L I T I E S D I S T R I C T A T P A G E 6 9 A N D AS INSTRUMENT NO. 2017-0465706 IN THE OFFICE OF THE

COUNTY RECORDER OF THE COUNTY OF RIVERSIDE,
S T A T E O F C A L I F O R N I A .

I HEREBY CERTIFY THAT THE WITHIN MAP SHOWING PROPOSED
BOUNDARIES OF COMMUNITY FACILITIES DISTRICT NO. 2017-1
(MAINTENANCE SERVICES), OF THE CITY OF MENIFEE, COUNTY

OF RIVERSIDE, STATE OF CALIFORNIA, WAS APPROVED BY THE

CITY COUNCIL OF THE CITY OF MENIFEE AT A REGULAR
MEETING THEREOF, HELD ON ______ DAY OF ______,
20____,
BY ITS RESOLUTION NO. _______________
___________________________________

CITY CLERK

C IT Y OF MENIF EE
-

THIS ANNEXATION MAP CORRECTLY SHOWS THE LOT OR PARCEL OF LAND INCLUDED WITHIN THE BOUNDARIES OF THE COMMUNITY FACILITIES DISTRICT.

FOR DETAILS CONCERNING THE LINES AND DIMENSIONS OF LOTS OR PARCEL REFER TO THE COUNTY ASSESSOR MAPS FOR FISCAL YEAR 2026-27.

RECORDED THIS ____ DAY OF _______________, 20____ AT
THE HOUR OF ____ O'CLOCK __M IN BOOK _____
P A G E _ _ _ _ _ O F M A P S O F A S S E S S M E N T A N D C O M M U N I T Y

FACILITIES DISTRICTS IN THE OFFICE OF THE COUNTY

RECORDER, IN THE COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA.

FEE: _____________ NO.: ______________________

PETER ALDANA, ASSESSOR, COUNTY CLERK, RECORDER
BY: _______________________________
DEPUTY

FILED IN THE OFFICE OF THE CITY CLERK, CITY OF
MENIFEE, THIS _______ DAY OF _________________, 20___. ___________________________________

CITY CLERK

C IT Y OF MENIF EE

XXX-XXX-XXX ASSESSOR PARCEL NUMBER
LEGEND

PARCEL LINE

CFD BOUNDARY

CITY BOUNDARY
37 TAX ZONE
37 Item Title: 10.12
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Item Title: 10.12
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July 15, 2026
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22June26
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Item Title: 10.12
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Item Title: 10.12
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Item Title: 10.12
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Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 31
Menifee Mayor and City Council
July 15, 2026
Page
220 of 3153

6 / 22 / 2026
Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 32
Menifee Mayor and City Council
July 15, 2026
Page
221 of 3153

EXHIBIT F

NOTICE OF PUBLIC HEARING

NOTICE OF PUBLIC HEARING ON RESOLUTION OF INTENTION TO ANNEX TERRITORY TO AN EXISTING COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES) (ANNEXATION NO. 37)

NOTICE IS HEREBY GIVEN that the City Council of the City of Menifee on July 15 , 2026 adopted its Resolution No. 2026-__, in which it declared its intention to annex territory to existing Community Facilities District No. 201 7-1 (Maintenance Services) (the "CFD No. 201 7-1"), and to levy a special tax to pay for certain maintenance services, all pursuant to the provisions of the Mello- Roos Community Facilities Act of 1982, Chapter 2.5, Part 1, Division 2, Title 5 of the California Government Code. The resolution describes the territory to be annexed and describes the rate and method of apportionment of the proposed special tax. No change in the tax levied in the existing CFD No. 2017-1 is proposed.

NOTICE IS HEREBY FURTHER GIVEN that the City Council has fixed 6:00 p.m., or as soon thereafter as practicable, Wednesday, August 19, 2026 in the City Council Chambers located at 2984 4 Haun Road, Menifee, California 92586, as the time and place when and where the City Council will conduct a public hearing on the annexation of territory to CFD No. 201 7-1. At the hearing, the testimony of all interest persons for or against the annexation of the territory or the levying of the special taxes will be heard. If and to the extent participation in the August 19, 2026 meeting must occur by teleconference, videoconference, or other electronic means authorized by the Ralph M. Brown Act or an Executive Order of the Governor of California, the means and methods for participating the meeting shall be posted on the Agenda for said meeting, which shall be posted at least 72 hours prior to the meeting on the City of Menifee (www.cityofmenifee.us), and outside of City Hall at 29844 Haun Road, Menifee, California 92586. A copy of the Agenda will be made available upon request to the Menifee City Clerk's office at 951- 723-3471.

DATED: ____________, 2026 _________________________________________ City Clerk of the City of Menifee
PUB: ____________, 2026

Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 33
Menifee Mayor and City Council
July 15, 2026
Page
222 of 3153

EXHIBIT G

BALLOT

CITY OF MENIFEE

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES) ANNEXATION NO. 37

(August 19, 2026)
This ballot is for the use of the authorized representative of the following owner of land within Community Facilities District No. 2017-1 (Maintenance Services) (“CFD No. 2017-1”) of the City of Menifee:

Name of Landowner Number of Acres Owned Total Votes
IV4 Menifee Valley Business Park
BLDG 3 28.24 29

According to the provisions of the Mello-Roos Community Facilities Act of 1982, and resolutions of the City Council (the “Council”) of the City of Menifee (the “City”), the above-named landowner is entitled to cast the number of votes shown above under the heading “Total Votes,” representing the total votes for the property owned by said landowner. The City has sent the enclosed ballot to you so that you may vote on whether or not to approve the special tax.

This special tax ballot is for the use of the property owner of the parcels identified below, which parcels are located within the territory proposed to be annexed to the CFD No. 2017-1, City of Menifee, County of Riverside, State of California. Please advise the City Clerk, at (951) 672-6777 if the name set forth below is incorrect or if you are no longer one of the owners of these parcels.

This special tax ballot may be used to express either support for or opposition to the proposed special tax. To be counted, this special tax ballot must be signed below by the owner or, if the owner is not an individual, by an authorized representative of the owner. The ballot must then be delivered to the City Clerk, either by mail or in person, as follows:

Mail
Delivery: If by mail, place ballot in the return envelope provided, and mail no later than August 5, 2026, two calendar weeks prior to the date set for the election. Mailing later than this deadline creates the risk that the special tax ballot may not be received in time to be counted.

Personal
Delivery: If in person, deliver to the City Clerk at any time up to 5:00 p.m. on August 19, 2026, at the Clerk’s office at 29844 Haun Road, City of Menifee, CA 92586.

However delivered, this ballot must be received by the Clerk prior to the close of the public meeting on August 19, 2026.

Very truly yours,

Stephanie Roseen
City Clerk
City of Menifee
Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 34
Menifee Mayor and City Council
July 15, 2026
Page
223 of 3153

TO CAST THIS BALLOT, PLEASE RETURN THIS ENTIRE PAGE.

OFFICIAL SPECIAL TAX BALLOT

Name & Address of Property Owner: Assessor’s Parcel Number(s):

IV4 Menifee Business Park BLDG 3
Attn: Rohan ABeckett
333 S. Grand Ave, Suite 300
Los Angeles, CA 90071
331-270-007, 331-260-026

CITY OF MENIFEE

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

AN “X” OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT

SPECIAL TAX BALLOT MEASURE MARK “YES” OR
“NO” WITH AN “X”:

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

Land Use
Category
Maximum
Special Tax A
Maximum
Special Tax B
Non-Residential $968 $445
plus an annual increase on each July 1, commencing on July 1, 2027 the Maximum Special Tax shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Riverside – San Bernardino - Ontario (December 2017 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater, to finance certain services within the territory identified on the map entitled “Annexation Map No. 37 of Community Facilities District No. 2017 -1 (Maintenance Services) City of Menifee” including landscaping, lighting, streets, and drainage for Special Tax A, and drainage for Special Tax B, as provided in the Rate and Method of Apportionment which is attached as Exhibit C to Resolution No. 2026 -__ adopted by the City Council of the City of Menifee on July 15, 2026 (including incidental expenses), and shall an appropriation limit be established for the Community Facilities District No. 2017-1 (Maintenance Services) in the amount of special taxes collected? YES _________

NO _________

Certification for Special Election Ballot

The undersigned is an authorized representative of the above- named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above-named landowner.

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

Rohan ABeckett
Vice President

Signature

Print Name

Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 35
Menifee Mayor and City Council
July 15, 2026
Page
224 of 3153

Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 36
Menifee Mayor and City Council
July 15, 2026
Page
225 of 3153

MATEROS
RD
MALAGA
RD

MENIFEE
RD

MCLAUGHLIN RD
·|}þ74
^_
§¨¦215

GRAND AVEM CCA LL B LVD

MAPES RD

SHERMAN
RD

ANTELOPE
RD

MCLAUGHLIN RD

HERITAGELAKED R
EVANS
RD

ROUSE RD

JUNIPERO RD

VARELA LN

PIERSON RD

RICE RD

VISTA AVE

BRIGGS RD
COMMUNITY FACILITIES DISTRICT 2017-1
(MAINTENANCE SERVICES)
ANNEXATION NO. 37

PROJECT MAP
Item Title: 10.12
Resolution

Intention

for

Annexation

No.

37,

Menifee

Valley

Business

Park

Building

into

Community

Facility

District

No.

2017-1,
Maintenance Services
Item Page Number: 37
Menifee Mayor and City Council
July 15, 2026
Page
226 of 3153

CITY OF MENIFEE
SUBJECT: Resolution of Intention for Annexation No. 38, Menifee Valley Business Park - Building 4, into Community Facility District No. 2017-1, Maintenance Services
MEETING DATE: July 15, 2026
TO: Mayor and City Council
PREPARED BY: Mandy Stephens, Management Analyst
REVIEWED BY: Nick Fidler, Public Works Director
APPROVED BY: Armando G. Villa, City Manager
-------------------------------------------------------------------------------------------------------------------------------

RECOMMENDED ACTION

1. Accept the Petition of IV4 Menifee Valley Business Park BLDG 4, Tract Map 38303 (TM 38303), located between Highway 74 and McLaughlin Road, and west of Malaga Road, into Community Facilities District (CFD) No. 2017-1, Maintenance Services, as Annexation No. 38; and

2. Adopt a resolution of intention to add Annexation No. 38 into CFD No. 2017-1, to authorize the levy of special tax therein to finance certain maintenance services, and to set a public hearing for August 19, 2026.

DISCUSSION
On December 6, 2017, the City Council adopted Resolution No. 17-658, establishing CFD No. 2017-1 pursuant to the provisions of the Mello-Roos Community Facilities Act of 1982 (Act). CFD No. 2017-1 allows for the levy of special taxes on parcels of taxable property for the purpose of providing certain services which are necessary to meet increased demands placed by development upon the City.

IV4 Menifee Valley Business Park BLDG 4, (Owner) is the Owner of TM 38303, which consists of approximately seventy-four gross acres of an industrial vacant lot. The property is located between Highway 74 and McLaughlin Road, and west of Malaga Road, as shown in the attached Project Location Map. The Owner has requested that the City assist them in annexing TM 38303 into CFD 2017-1 to cover the costs associated with the maintenance of public improvements. The area proposed for annexation would be designated “Annexation No. 38,” and at build-out would include a 1.44 million square-foot warehouse and distribution facility. Per the Owner’s request, Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 1
Menifee Mayor and City Council
July 15, 2026
Page
227 of 3153

City of Menifee Staff Report
CFD No. 2017-1, Annex 38 – Menifee Valley Business Park - Building 4 July 15, 2026

Page 2 of 3 ends

3 4
3 5
the City would establish a rate and method of apportionment and authorize the levy of special taxes on the taxable property within Annexation No. 38, to pay for those services.

Annexation No. 38 would have a maximum annual tax of $2,338 per acre and would be included in CFD No. 2017-1 as “Tax Zone 38.” This tax rate includes a Maximum Special Tax A of $1,339 per acre per year for maintenance services of public facilities and a Maximum Special Tax B (Contingent Tax B) of $999 per acre per year. The maximum annual tax rate is proposed to escalate each year at the greater Consumer Price Index (CPI) or 2%. The attached CFD Maintenance Site Plan Exhibit illustrates which services would be maintained by the CFD.

STRATEGIC PLAN OBJECTIVE
Safe and Vibrant Community

FISCAL IMPACT
The individual property owners in the CFD would be responsible for annual payments of special taxes. It is estimated, upon full completion of the development, that there would be an annual collection of special tax revenues of approximately $89,684, not including Contingent Tax B, to be used to pay for maintenance costs.

On June 1 of each year, every taxable acre within the boundaries of the CFD, would be subject to the special tax for the ensuing Fiscal Year. If the anticipated costs of maintaining the facilities in any given Fiscal Year, prior to buildout of the project, exceeds the special tax revenues available from parcels for which building permits have been issued, the special tax may also be applied to property within recorded final subdivision maps, as well as other undeveloped property within the boundaries of the CFD.

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 2
Menifee Mayor and City Council
July 15, 2026
Page
228 of 3153

City of Menifee Staff Report
CFD No. 2017-1, Annex 38 – Menifee Valley Business Park - Building 4 July 15, 2026

Page 3 of 3 ends

3 4
3 5

ATTACHMENTS

1. Project Location Map

2. Resolution of Intention and Exhibits

3. CFD Maintenance Site Plan Exhibit
Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 3
Menifee Mayor and City Council
July 15, 2026
Page
229 of 3153

MATEROS
RD
MALAGA
RD

MENIFEE
RD

MCLAUGHLIN RD
^_
§¨¦215

GRAND AVEM CCA LL B LVD

MAPES RD

SHERMAN
RD

ANTELOPE
RD

MCLAUGHLIN RD

HERITAGELAKED R
EVANS
RD

ROUSE RD

JUNIPERO RD

VARELA LN

PIERSON RD

RICE RD

VISTA AVE

BRIGGS RD
COMMUNITY FACILITIES DISTRICT 2017-1
(MAINTENANCE SERVICES)
ANNEXATION NO. 38

PROJECT MAP
Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into

Community

Facility

District

No.

2017-1,
Maintenance Services
Item Page Number: 4
Menifee Mayor and City Council
July 15, 2026
Page
230 of 3153

1 RESOLUTION NO. 26-____

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

DECLARING ITS INTENTION TO ANNEX TERRITORY INTO COMMUNITY FACILITIES DISTRICT NO. 2017- 1 (MAINTENANCE SERVICES) OF THE CITY OF MENIFEE, ADOPTING A MAP OF THE AREA PROPOSED TO BE ANNEXED (ANNEXATION NO. 38) AND AUTHORIZING THE LEVY OF SPECIAL TAXES THEREIN
WHEREAS, pursuant to the Mello-Roos Community Facilities Act of 1982 (the “Act”) , on November 1, 2017 , the City Council (the “City Council”) of the City of Menifee (the “City”) approved Resolution No. 17-654 establishing Community Facilities District No. 2017-1 (Maintenance Services) of the City of Menifee, County of Riverside, State of California (the "CFD No. 2017- 1") for the purpose of levying special taxes on parcels of taxable property therein, which taxes would be used to provide certain services necessary to meet increased demands placed upon the City by development; and WHEREAS, the City Council has received a written instrument to initiate and conduct proceedings pursuant to the Act, to annex territory into CFD No. 2017-1 and to consent to the shortening of election time requirements, waiving of analysis and arguments, and waiving of all notice and word limit requirements for the ballot relating to the conduct of the election; and WHEREAS, the City Council has been advised that certain property owners have requested that the area described in Exhibit A be annexed territory into the boundaries of CFD No. 2017-1, and that a rate and method of apportionment of the special tax to be levied therein be established.

Section 1. Intent to Annex. The City Council, acting as the legislative body of the CFD No. 2017-1 hereby declares that it proposes and intends to conduct proceedings pursuant to Article

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 5
Menifee Mayor and City Council
July 15, 2026
Page
231 of 3153

Resolution of Intention Annex 38

2 of the County of Riverside. The territory proposed to be annexed to the CFD No. 2017 -1 is described in Exhibit A attached hereto and by this reference made a part hereof. Such territory is also shown and described on the map thereof entitled "Annexation Map No. 38, Community Facilities District No. 2017-1 (Maintenance Services), City of Menifee, County of Riverside, State of California," which is on file with the City Clerk (the "Annexation Map") and attached hereto as Exhibit D
Section 5. Description of Authorized Services. The services proposed to be financed by the territory proposed to be annexed to the CFD No. 2017-1 (the “Services”) are the same as those services authorized to be financed by the existing territory in the CFD No. 2017-1 and are described in Exhibit B attached hereto. The cost of providing the Services includes “Administrative Expenses,” which include costs associated with the creation of CFD No. 2017-1, determination of the amount of special taxes, collection or payment of special taxes, or costs otherwise incurred in order to carry out the authorized purposes of CFD No. 2017-1. The Services authorized to be financed by CFD No. 2017-1 are in addition to those currently provided in the territory of CFD No. 2017-1 and do not supplant Services already available within that territory.

1. The rate and method of apportionment, and manner of collection of the special tax are specified in Exhibit C.

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 6
Menifee Mayor and City Council
July 15, 2026
Page
232 of 3153

Resolution of Intention Annex 38

3 the date herein fixed for said hearing. Said notice shall contain the information prescribed by Section 53339.4 of the Act.

Section 14. Effective Date. This Resolution shall take effect immediately upon its adoption.

PASSED, APPROVED AND ADOPTED this ____ day of _______, 2026.

___________________________
Ricky Estrada, Mayor

Attest:

___________________________
Stephanie Roseen, City Clerk

Approved as to form:

___________________________
Jeffrey T. Melching, City Attorney

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 7
Menifee Mayor and City Council
July 15, 2026
Page
233 of 3153

EXHIBIT A

DESCRIPTION OF PROPOSED TERRITORY TO BE ANNEXED
The City of Menifee Community Facilities District No. 2017 -1 (Maintenance Services) (the “CFD No. 2017 -1”) Annexation No. 38 is currently comprised of two (2) parcels, located within the City boundaries. The property is identified by the following Riverside County Assessor's Parcel Numbers (APNs).

Assessor Parcel Number(s) Owner Name
331-260-029 IV4 Menifee Valley Business Park, BLDG 4
331-270-008 IV4 Menifee Valley Business Park, BLDG 4

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 8
Menifee Mayor and City Council
July 15, 2026
Page
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City of Menifee 12
Community Facilities District No. 2017-1 (Maintenance Services)

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

EXHIBIT B
Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 9
Menifee Mayor and City Council
July 15, 2026
Page
235 of 3153

EXHIBIT C

RATE AND METHOD OF APPORTIONMENT OF SPECIAL TAX FOR
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

OF THE CITY OF MENIFEE

A. DEFINITIONS

“Administrator” means the City Manager of the City of Menifee, or his or her designee.

“Assessor’s Parcel” means a lot or parcel of land that is identifiable by an Assessor’s Parcel Number by the County Assessor of the County of Riverside.

“Assessor’s Parcel Map” means an official map of the Assessor of the County designating parcels by Assessor’s Parcel Number.

“Assessor’s Parcel Number” means that identification number assigned to a parcel by the County Assessor of the County.

“Building Square Footage” or “BSF” means the floor area square footage reflected on the original Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 10
Menifee Mayor and City Council
July 15, 2026
Page
236 of 3153

“Calendar Year” means the period commencing January 1 of any year and ending the following December 31.

“CFD” or “CFD No. 2017 -1” means the City of Menifee Community Facilities District No. 2017 -1 (Maintenance Services).

“City” means the City of Menifee.

“County” means the County of Riverside.

“Exempt Property” means all Assessors’ Parcels designated as being exempt from the Special Tax as provided for in Section G.

“Fiscal Year” means the period from and including July 1 st of any year to and including the following June
30th.

“Maximum Special Tax ” means either Maximum Special Tax A and/or Maximum Special Tax B (Contingent), as applicable.

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 11
Menifee Mayor and City Council
July 15, 2026
Page
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“Property Owner’s Association” or “POA” means the property owner’s association or homeowner’s association established to maintain certain landscaping within a Tax Zone.

“Residential Unit” or "RU" means a residential unit that is used or intended to be used as a domicile by one or more persons, as determined by the Administrator.

“Single Family Residential Property” or “SFR” means any Residential Property other than Multi-Family Residential Property on an Assessor’s Parcel.

“Special Tax(es)” means the Special Tax A or Special Tax B (Contingent) to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property.

“Special Tax A” means the annual special tax to be levied in each Fiscal Year on each Assessor’s Parcel of Taxable Property to fund the Special Tax A Requirement.

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 12
Menifee Mayor and City Council
July 15, 2026
Page
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"Taxable Property" means all Assessor’s Parcels within CFD No. 2017-1, which are not Exempt Property.

"Tax Zone 1" means the specific geographic area identified on the CFD Boundary Map as Tax Zone 1.

“Undeveloped Property” means, for each Fiscal Year, all Taxable Property not classified as Developed Property or Approved Property.

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 13
Menifee Mayor and City Council
July 15, 2026
Page
239 of 3153

TABLE 1

MAXIMUM SPECIAL TAX A RATES

DEVELOPED PROPERTY

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 14
Menifee Mayor and City Council
July 15, 2026
Page
240 of 3153

TABLE 2

MAXIMUM SPECIAL TAX A RATES

APPROVED PROPERTY

TABLE 3

MAXIMUM SPECIAL TAX A RATES

UNDEVELOPED PROPERTY

Tax Zone Tracts Taxable Unit Maximum Special Tax A
1 TR 36299-1
& PM 9504 Acre $1,515

a. Developed Property
Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 15
Menifee Mayor and City Council
July 15, 2026
Page
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TABLE 4

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

DEVELOPED PROPERTY

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 16
Menifee Mayor and City Council
July 15, 2026
Page
242 of 3153

TABLE 5

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

APPROVED PROPERTY

TABLE 6

MAXIMUM SPECIAL TAX B (CONTINGENT) RATES

UNDEVELOPED PROPERTY

Tax Zone Tracts Taxable Unit
Maximum Special
Tax B (Contingent)
1 TR 36299-1
& PM 9504 Acre $0

D. METHOD OF APPORTIONMENT OF ANNUAL SPECIAL TAX

Intention

for

Annexation

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38,

Menifee

Valley

Business

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Building

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 17
Menifee Mayor and City Council
July 15, 2026
Page
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City of Menifee
Community Facilities District No. 2017-1 (Maintenance Services) 9 Property at up to 100% of the Maximum Special Tax A for Approved Property;

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

For each Fiscal Year, the Special Tax B (Contingent) shall be levied as long as the Contingent Services are being provided.

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 18
Menifee Mayor and City Council
July 15, 2026
Page
244 of 3153

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 19
Menifee Mayor and City Council
July 15, 2026
Page
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City of Menifee
Community Facilities District No. 2017-1 (Maintenance Services) 11 APPENDIX A

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

TAX ZONE 38 (SERVICES)
TR 38303
Item Description Estimated Cost
1 Landscaping $28,904
2 Lighting $8,342
3 Streets $26,996
4 Drainage $10,370
5 Reserves $11,199
6 Administration $3,873
Total $89,684
TAX ZONE 38 (CONTINGENT SERVICES)
TR 38303
Special Tax B Contingent Services – The estimate breaks down the costs of providing one year’s contingent maintenance services for Fiscal Year 2026-27. If necessary, these services will be funded by the levy of Special Tax B (Contingent) for Community Facilities District No. 2017-1 Tax Zone 38.

Item Description Estimated Cost
1 Drainage $55,633
2 Reserves $8,353
3 Administration $2,925
Total $66,911
TAX ZONE 38
FY 2026-27 MAXIMUM SPECIAL TAX RATES
Land Use
Category
Taxable
Unit
Maximum
Special Tax A
Maximum
Special Tax B
Developed Acre $1,339 $999
Approved Acre $1,339 $999
Undeveloped Acre $1,339 $999

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

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Park

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Intention

for

Annexation

No.

38,

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Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 21
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July 15, 2026
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Defined Benefit Pension
Plan, Kaassi International,
Inc. Defined Benefit
Pension Plan, KZA Inc.

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 22
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July 15, 2026
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APPENDIX B

CITY OF MENIFEE
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

DESCRIPTION OF AUTHORIZED SERVICES

The above services may be financed by proceeds of the special tax of CFD No. 2017-1 only to the extent that they are in addition to those provided in the territory of CFD No. 2017-1 before CFD No. 2017-1 was created or those provided in the territory annexed to CFD No. 2017-1 before the territory was annexed, as applicable.

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

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Valley

Business

Park

Building

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 23
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July 15, 2026
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EXHIBIT D

ANNEXATION AND POTENTIAL ANNEXATION BOUNDARY MAPS
(ON FOLLOWING PAGES)
Item Title: 10.13
Resolution

Intention

for

Annexation

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Valley

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Park

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Menifee Mayor and City Council
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Malaga Rd
Menifee Rd
McLaughl
in Rd
Matthews Rd
·|}þ74
331-260-029
331-270-008
SHEET 1 OF 1 SHEET
\_
CFD 2017-1
TAX ZONE 38
·|}þ74
·|}þ74
§¨¦215

MENIFEE
0 1,250 2,500 625 Feet
ANNEXATION MAP NO. 38
COMMUNITY FACILITIES DISTRICT NO. 2017-1
(MAINTENANCE SERVICES)

CITY OF MENIFEE

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA

THE BOUNDARIES OF WHICH COMMUNITY FACILITIES

DISTRICT ARE SHOWN AND DESCRIBED ON THE MAP

COUNTY RECORDER OF THE COUNTY OF RIVERSIDE,
S T A T E O F C A L I F O R N I A .

I HEREBY CERTIFY THAT THE WITHIN MAP SHOWING PROPOSED
BOUNDARIES OF COMMUNITY FACILITIES DISTRICT NO. 2017-1
(MAINTENANCE SERVICES), OF THE CITY OF MENIFEE, COUNTY

OF RIVERSIDE, STATE OF CALIFORNIA, WAS APPROVED BY THE

CITY COUNCIL OF THE CITY OF MENIFEE AT A REGULAR
MEETING THEREOF, HELD ON ______ DAY OF ______,
20____,
BY ITS RESOLUTION NO. _______________
___________________________________

CITY CLERK

C IT Y OF MENIF EE
-

THIS ANNEXATION MAP CORRECTLY SHOWS THE LOT OR PARCEL OF LAND INCLUDED WITHIN THE BOUNDARIES OF THE COMMUNITY FACILITIES DISTRICT.

FOR DETAILS CONCERNING THE LINES AND DIMENSIONS OF LOTS OR PARCEL REFER TO THE COUNTY ASSESSOR MAPS FOR FISCAL YEAR 2026-27.

RECORDED THIS ____ DAY OF _______________, 20____ AT
THE HOUR OF ____ O'CLOCK __M IN BOOK _____
P A G E _ _ _ _ _ O F M A P S O F A S S E S S M E N T A N D C O M M U N I T Y

FACILITIES DISTRICTS IN THE OFFICE OF THE COUNTY

RECORDER, IN THE COUNTY OF RIVERSIDE, STATE OF
CALIFORNIA.

FEE: _____________ NO.: ______________________

PETER ALDANA, ASSESSOR, COUNTY CLERK, RECORDER
BY: _______________________________
DEPUTY

FILED IN THE OFFICE OF THE CITY CLERK, CITY OF
MENIFEE, THIS _______ DAY OF _________________, 20___. ___________________________________

CITY CLERK

C IT Y OF MENIF EE

XXX-XXX-XXX ASSESSOR PARCEL NUMBER
LEGEND

PARCEL LINE

CFD BOUNDARY

CITY BOUNDARY
38 TAX ZONE
38 Item Title: 10.13
Resolution

Intention

for

Annexation

No.

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Valley

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Park

Building

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 25
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July 15, 2026
Page
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Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 26
Menifee Mayor and City Council
July 15, 2026
Page
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Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

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Valley

Business

Park

Building

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July 15, 2026
Page
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22June26
Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 28
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July 15, 2026
Page
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Item Title: 10.13
Resolution

Intention

for

Annexation

No.

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Valley

Business

Park

Building

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 29
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July 15, 2026
Page
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Item Title: 10.13
Resolution

Intention

for

Annexation

No.

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Valley

Business

Park

Building

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 30
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July 15, 2026
Page
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Item Title: 10.13
Resolution

Intention

for

Annexation

No.

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Valley

Business

Park

Building

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 31
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Page
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Item Title: 10.13
Resolution

Intention

for

Annexation

No.

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Valley

Business

Park

Building

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 32
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July 15, 2026
Page
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Item Title: 10.13
Resolution

Intention

for

Annexation

No.

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Valley

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Building

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Community Facility District No. 2017-1, Maintenance Services Item Page Number: 33
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July 15, 2026
Page
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6 / 22 / 2026
Item Title: 10.13
Resolution

Intention

for

Annexation

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EXHIBIT F

NOTICE OF PUBLIC HEARING

NOTICE OF PUBLIC HEARING ON RESOLUTION OF INTENTION TO ANNEX TERRITORY TO AN EXISTING COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES) (ANNEXATION NO. 38)

DATED: ____________, 2026 _________________________________________ City Clerk of the City of Menifee
PUB: ____________, 2026

Item Title: 10.13
Resolution

Intention

for

Annexation

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Valley

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July 15, 2026
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EXHIBIT G

BALLOT

CITY OF MENIFEE

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES) ANNEXATION NO. 38

Name of Landowner Number of Acres Owned Total Votes
IV4 Menifee Valley Business Park –
BLDG 4 74.44 75

Personal
Delivery: If in person, deliver to the City Clerk at any time up to 5:00 p.m. on August 19, 2026, at the Clerk’s office at 29844 Haun Road, City of Menifee, CA 92586.

However delivered, this ballot must be received by the Clerk prior to the close of the public meeting on August 19, 2026.

Very truly yours,

Stephanie Roseen
City Clerk
City of Menifee
Item Title: 10.13
Resolution

Intention

for

Annexation

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38,

Menifee

Valley

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Menifee Mayor and City Council
July 15, 2026
Page
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TO CAST THIS BALLOT, PLEASE RETURN THIS ENTIRE PAGE.

OFFICIAL SPECIAL TAX BALLOT

Name & Address of Property Owner: Assessor’s Parcel Number(s):

IV4 Menifee Valley Business Park –
BLDG 4
Attn: Rohan ABeckett
333 S. Grand Ave, Suite 300
Los Angeles, CA 90071
331-260-029, 331-270-008

CITY OF MENIFEE

COUNTY OF RIVERSIDE, STATE OF CALIFORNIA
COMMUNITY FACILITIES DISTRICT NO. 2017-1 (MAINTENANCE SERVICES)

AN “X” OR OTHER MARK WILL CAST ALL VOTES ASSIGNED TO THIS BALLOT

SPECIAL TAX BALLOT MEASURE MARK “YES” OR
“NO” WITH AN “X”:

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

Land Use
Category
Maximum
Special Tax A
Maximum
Special Tax B
Non-Residential $1,339 $999
plus an annual increase on each July 1, commencing on July 1, 2027 the Maximum Special Tax shall increase by i) the percentage increase in the Consumer Price Index (All Items) for Riverside – San Bernardino - Ontario (December 2017 = 100) since the beginning of the preceding Fiscal Year, or ii) by two percent (2.0%), whichever is greater, to finance certain services within the territory identified on the map entitled “Annexation Map No. 38 of Community Facilities District No. 2017 -1 (Maintenance Services) City of Menifee” including landscaping, lighting, streets, and drainage for Special Tax A, and drainage for Special Tax B, as provided in the Rate and Method of Apportionment which is attached as Exhibit C to Resolution No. 2026 -__ adopted by the City Council of the City of Menifee on July 15, 2026 (including incidental expenses), and shall an appropriation limit be established for the Community Facilities District No. 2017-1 (Maintenance Services) in the amount of special taxes collected? YES _________

NO _________

Certification for Special Election Ballot

The undersigned is an authorized representative of the above- named landowner and is the person legally authorized and entitled to cast this ballot on behalf of the above-named landowner.

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

Rohan ABeckett
Vice President

Signature

Print Name

Item Title: 10.13
Resolution

Intention

for

Annexation

No.

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Page
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Item Title: 10.13
Resolution

Intention

for

Annexation

No.

38,

Menifee

Valley

Business

Park

Building

into
Community Facility District No. 2017-1, Maintenance Services Item Page Number: 38
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July 15, 2026
Page
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CITY OF MENIFEE
SUBJECT: Agreement with Menifee Union School District for Community Facilities District 2023-2 Improvement Area 1, Cimarron Ridge
MEETING DATE: July 15, 2026
TO: Mayor and City Council
PREPARED BY: Lauri Lockwood, Financial Analyst
REVIEWED BY: Travis Hickey, Chief Financial Officer
APPROVED BY: Armando G. Villa, City Manager
-------------------------------------------------------------------------------------------------------------------------------

RECOMMENDED ACTION

1. Adopt a resolution approving and authorizing execution of a Joint Community Facilities Agreement with the Menifee Union School District relating to Community Facilities District 2023-2 Improvement Area (IA) 1, Cimarron Ridge, located on the north and south side of Thornton Avenue between Valley Boulevard and Goetz Road.

DISCUSSION
At the April 19, 2023, City Council meeting, the City adopted resolutions authorizing the formation of Community Facilities District No. 2023-2, Cimarron Ridge, of the City of Menifee (CFD or CFD 2022-2). The CFD was formed at the request of Pulte Home Company, LLC (Developer) to finance public facilities within the City of Menifee and the Eastern Municipal Water District (EMWD).

Exhibit A to the formation resolution also listed as authorized facilities any interim and permanent school facilities of Menifee Union School District (MUSD), Romoland School District (RSD) and Perris Union High School District (PUHSD) that benefit the residents within the boundaries of the CFD.

The Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (The Act) allows the public agency that formed the CFD to enter into a Joint Community Facilities Agreement (JCFA) with another public agency to finance the cost of public facilities necessitated by development within its boundaries. Pursuant to Section 53316.2(b) of the Act, the JCFA may be approved by two or more public agencies prior to the adoption of a resolution authorizing the issuance of bonds.

JCFAs with EMWD, RSD and PUHSD were signed previously. A JCFA with Menifee Union School District was not requested when the first bonds for CFD 2023-2 IA1 were issued because the Item Title: 10.14
Agreement

with

Menifee

Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 1
Menifee Mayor and City Council
July 15, 2026
Page
265 of 3153

City of Menifee Staff Report
Approval of JCFA with MUSD for CFD 2023-2 IA1, Cimarron Ridge July 15, 2026

Page 2 of 2 ends

3 4
3 1
school district had formed an overlapping facilities CFD within the boundaries of CFD 2023-2 IA1 that was expected to cover the MUSD fees. However, the school district CFD bond proceeds were not sufficient to cover the full cost of school district fees for the project. As the financing plan was being developed for the parity bond issuance, it was determined the proceeds may be enough to also finance the previously uncovered school fees. The developer now is asking the City to approve a JCFA with MUSD to cover the remaining fees.

STRATEGIC PLAN OBJECTIVE
Regular City Business

FISCAL IMPACT
There is no fiscal impact associated with the approval of the JCFA. All payments for school facilities would come from bond proceeds after the CFD bonds are issued. The City is not responsible for payment of principal and interest on the bonds. Special taxes levied on properties within the district would be the source of funds used for those payments.

ATTACHMENTS

1. Resolution Approving JCFA, CFD 2023-2 IA1

2. Joint Community Facilities Agreement for CFD 2023-2, IA1 Item Title: 10.14
Agreement

with

Menifee

Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 2
Menifee Mayor and City Council
July 15, 2026
Page
266 of 3153

4926-3692-0500v2/200299-0016
RESOLUTION NO. 26-___

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MENIFEE APPROVING

EXECUTION AND DELIVERY OF A JOINT COMMUNITY FACILITIES AGREEMENT

WITH MENIFEE UNION SCHOOL DISTRICT RELATING TO COMMUNITY FACILITIES DISTRICT NO. 2023-2 (CIMARRON RIDGE) OF THE CITY OF MENIFEE WHEREAS, on April 19, 2023, the City Council (the “City Council”) of the City of Menifee (the “City”) adopted a resolution (the “Resolution of Formation”) authorizing the formation of Community Facilities District No. 2023-2 (Cimarron Ridge) of the City of Menifee (“Community Facilities District No. 2023-2” or the “District”), pursuant to the Mello-Roos Community Facilities Act of 1982, as amended, being Chapter 2.5 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California (the “Act”); and
WHEREAS, pursuant to Section 53316.2 of the Act, a community facilities district is authorized under the Act to finance facilities to be owned or operated by an entity other than the agency that created the community facilities district pursuant to a joint community facilities agreement; and WHEREAS, the City desires to enter into a Joint Community Facilities Agreement (the JCFA”) with the Menifee Union School District (the “School District”) and Pulte Home Company, LLC, a Michigan limited liability company, relating to certain facilities proposed to be financed by the District and to be owned and operated by School District; and
NOW, THEREFORE, BE IT RESOLVED that the City Council does hereby determine and order as follows:

Section 1. Each of the above recitals is true and correct.

Section 2. The form of the JCFA presented at this meeting is hereby approved and each of the Mayor, the City Manager, the Chief Financial Officer, or their written designees is hereby authorized and directed to execute the JCFA in the form hereby approved, with such additions therein and changes thereto as the officer or officers executing the same deem necessary, with such approval to be conclusively evidenced by the execution and delivery of the JCFA. The City Council hereby finds and determines that the JCFA will be beneficial to the residents of the territories served by the School District and included within the jurisdictional boundaries of the District.

Section 3.This Resolution shall be effective upon its adoption.

Item Title: 10.14
Agreement

with

Menifee

Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 3
Menifee Mayor and City Council
July 15, 2026
Page
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Resolution Approving JCFA for CFD No. 2023-2 (Cimarron Ridge) 4926-3692-0500v2/200299-0016 2
5 2
6 9
0 PASSED, APPROVED AND ADOPTED this 15th day of July, 2026. ___________________________
Ricky Estrada, Mayor
Attest:
___________________________
Stephanie Roseen, City Clerk
Approved as to form:
___________________________
Jeffrey T. Melching, City Attorney
Item Title: 10.14
Agreement

with

Menifee

Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 4
Menifee Mayor and City Council
July 15, 2026
Page
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JOINT COMMUNITY FACILITIES AGREEMENT
Community Facilities District No. 2023-2
Improvement Area No. 1
(Cimarron Ridge)
of the City of Menifee
THIS JOINT COMMUNITY FACILITIES AGREEMENT (“Agreement”) is made and entered into as of the 15 th day of July, 2026, by and among the CITY OF MENIFEE, a general law city (the “City”), the MENIFEE UNION SCHOOL DISTRICT, a California public school district organized and operating pursuant to the applicable provisions of the California Education Code and the California Constitution (the “School District”), and Pulte Home Company, LLC, a Michigan limited liability company (the “Property Owner”).

R E C I T A L S:

A. Property Owner is the owner of certain real property (the “Property”) located within the boundaries of the City and School District, consisting of approximately 142 gross acres within Tract Nos. 36658-1 through 36658-4 being developed with approximately 424 single-family residential dwelling units (the “Project”) and as more fully described in Exhibit “A” attached hereto.

B. The Project will require the payment to School District of all Mitigation Payment (defined below) required to finance School Facilities (defined below). In lieu of the School Fees, the Mitigation Amount (as defined below) is expected to be paid to School District, in whole or in part, from Bond Proceeds (defined below) of the hereinafter described Community Facilities District (the “CFD”).

C. Pursuant to Property Owner’s request, the City Council of the City has formed the hereinafter described CFD and Improvement Area No. 1 therein pursuant to the Act to finance all or a portion of the Facilities. The City will have responsibility for the formation and administration of the CFD.

D. The City is authorized by Section 53313.5 of the Act to finance, by means of the CFD, the School Facilities. This Agreement constitutes a “joint community facilities agreement” (“JCFA”) within the meaning of Section 53316.2 of the Act by and among the City, School District and Property Owner, pursuant to which the CFD will be authorized to finance the School Facilities.

Pursuant to Section 53316.2(b) of the Act, a JCFA may be approved by two or more public agencies prior to the adoption of a resolution authorizing the issuance of bonds. As provided by Section 53316.6 of the Act, responsibility for constructing, maintaining and operating the City Facilities is the City’s to the extent set forth herein and responsibility for constructing, providing and operating the School Facilities is delegated to School District.

E. The provision of the School Facilities is necessitated by the Project, and the Parties hereto find and determine that the residents of the City, School District and CFD will be benefited by the financing of the School Facilities, and that this Agreement is beneficial to the interests of such residents.

Item Title: 10.14
Agreement

with

Menifee

Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 5
Menifee Mayor and City Council
July 15, 2026
Page
269 of 3153

2 ARTICLE I

GENERAL PROVISIONS
Section 1.1 Recitals.

The above recitals are true and correct and are hereby incorporated by this reference.

Section 1.2 Definitions.

Unless the context clearly otherwise requires, the terms defined in this Section shall, for all purposes of this Agreement, have the meanings herein specified. (a) “Act” means the Mello-Roos Community Facilities Act of 1982, as amended, commencing with California Government Code Section 53311 et seq. (b) “Agreement” means this Joint Communities Facilities Agreement. (c) “Bond Proceeds” shall mean those net funds generated by the sale of the Bonds.
(d) “Bond Resolution” means that Resolution, Resolution Supplement, Fiscal Agent Agreement, Indenture of Trust or other equivalent document(s) providing for the issuance of the Bonds.
(e) “Bonds” shall mean those bonds, or other securities, issued by, or on behalf of the CFD with respect to Improvement Area No. 1, as authorized by the qualified electors within Improvement Area No. 1.
(f) “Certificates of Compliance” means those certificates issued by School District pursuant to Education Code Section 17620(b) to Property Owner certifying that Property Owner has paid the Deposit in order to obtain a building permit. (g) “CFD” means Community Facilities District No. 2023-2 (Cimarron Ridge) of the City of Menifee.
(h) “Deposits” shall mean all amounts advanced to School District by Property Owner prior to the issuance and sale of the Bonds and the funding of the School Fee Fund, as security for the future payment, with Bond Proceeds, of the Mitigation Amounts due in connection with Certificates of Compliance issued by School District for lots within the Project, pursuant to Section 2.2.
(i) “Disbursement Request” means a request for payment relating to School Facilities in the form attached hereto as Exhibit “B.”
(j) “Improvement Area No. 1” means Improvement Area No. 1 of the CFD. (k) “Mitigation Agreement” means the “School Facilities Mitigation Agreement” dated as of May 23, 2017, by and between the School District and Cimmaron Ridge, LLC, a California limited liability company.
(l) “Mitigation Payment” means the amounts more particularly described in the Mitigation Agreement.

Item Title: 10.14
Agreement

with

Menifee

Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 6
Menifee Mayor and City Council
July 15, 2026
Page
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3 (m) “Party” or “Parties” shall mean any one or all of the parties to this Agreement and the CFD.
(n) “Rate and Method” means the individual Rate and Method of Apportionment of the Special Tax authorizing the levy and collection of special taxes pursuant to proceedings undertaken for the formation of the CFD and Improvement Area No. 1 pursuant to the Act.
(o) “School Facilities” means those TK-8 school sites, preschool facilities, school facilities, including classrooms, multi-purpose facilities, administration and auxiliary space at school facilities, athletic fields, playgrounds and recreational facilities and improvements thereto, landscaping, access roadways, drainage, sidewalks and gutters and utility lines, furniture, equipment and technology, including technology upgrades and mobile devices and infrastructure therefore, with a useful life of at least five (5) years needed by School District, and also includes costs associated with the maintenance and operation of school facilities in accordance with the Act.
(p) “School Fee Fund” means the fund(s), account(s) or sub-account(s) of the CFD (regardless of its designation within the Bond Resolution) into which a portion of the Bond Proceeds may be deposited in accordance with the Bond Resolution to finance the School Facilities.
(q) “School Fees” means those school mitigation fees pursuant to Education Code Section 17620 and Government Code Sections 65995, 65995.5 and 65995.7 required to finance School Facilities.
(r) “State” means the State of California.
(s) “Special Taxes” means the special taxes authorized to be levied and collected pursuant to the Rate and Method.

ARTICLE II

FORMATION OF THE CFD AND ISSUANCE OF BONDS
Section 2.1 Formation of the CFD and Improvement Area No. 1.

The City, pursuant to the written request of the Property Owner, initiated proceedings pursuant to the Act for the formation of the CFD and Improvement Area No. 1, the authorization of the Special Taxes within Improvement Area No. 1 and the authorization of Bonds on behalf of the CFD, with the qualified electors approving the levy of the Special Taxes and the sale of the Bonds.

Section 2.2 Issuance and Sale of Bonds.

The City Council of the City, acting as the legislative body of the CFD, may, in its sole discretion, in accordance with its adopted policies, adopt the Bond Resolution and issue the Bonds. Prior to the City Council of the City adopting the Bond Resolution, Property Owner shall notify School District of the estimated issuance date for the Bonds and the estimated amount of proceeds to be deposited in the School Fee Fund.

Item Title: 10.14
Agreement

with

Menifee

Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 7
Menifee Mayor and City Council
July 15, 2026
Page
271 of 3153

4 Section 2.3 Bond Proceeds.

If the CFD and Improvement Area No. 1 are formed and Bonds are issued, the City, or the CFD (as may be applicable), and Property Owner shall determine the amount of Bond Proceeds to be deposited into the School Fee Fund or any applicable accounts or subaccounts thereof. As Bond Proceeds are transferred to School District and reserved to fund School Facilities, Property Owner shall receive a credit in the amount transferred against the payment of the Mitigation Payment. Nothing herein shall supersede the obligation of an owner of the Property to make Deposits or pay the Mitigation Payment if required under the Mitigation Agreement. The purpose of this Agreement is to provide a mechanism by which the CFD may levy Special Taxes and issue Bonds to provide a source of funds to finance School Facilities in lieu of the payment of the Mitigation Payment. In the event that Bond Proceeds, including investment earnings thereon, are not available or sufficient to satisfy the obligation for the Mitigation Payment for all lots in the Project, then Property Owner shall remain obligated to make Deposits or pay the Mitigation Payment to School District as provided in the Mitigation Agreement.

Section 2.4 Mitigation Payment Credit Account.
(a) After being notified by Property Owner that Bond Proceeds have been deposited into the School Fee Fund, School District will establish a credit account (“Credit Account”) for the number of units for which the Mitigation Amount is deemed satisfied. Such determination shall be made by dividing (A) the difference between (i) the amount of Bond Proceeds deposited in the School Fee Fund and (ii) the total of the Mitigation Payment for all lots for which Deposits have been made based on the Mitigation Amount, divided by (B) the Mitigation Amount. (b) Once the Credit Account has been established, Property Owner may obtain Certificates of Compliance for lots within the Project by requesting that School District deduct from the Credit Account the Mitigation Amount for the unit for which the Certificate of Compliance is being sought. In the event that there is an insufficient balance in the Credit Account to cover a request for a Certificate of Compliance, Property Owner may only obtain a Certificate of Compliance by paying the remaining Mitigation Amount in cash.

Section 2.5 Disbursements for School Facilities.
(a) Bond Proceeds of the CFD designated for the funding of School Facilities shall be held by the CFD in the School Fee Fund, which shall be invested by the City and earn and accumulate its own interest. All interest earnings on amounts in the School Fee Fund shall remain in the School Fee Fund and will be available for disbursement for the funding of School Facilities as described below.
(b) The City shall make disbursements from the School Fee Fund in accordance with the terms of this Agreement and neither the City nor the CFD shall be responsible to the School District for costs incurred by the School District as a result of withheld or delayed payments.
(c) Upon the deposit of Bond Proceeds in the School Fee Fund of not less than $275,281.55, the School District shall cause the Deposit in the amount set forth in Section 2.7 to be repaid to the Property Owner. Thereafter, the School District agrees that it will request a disbursement of Bond Proceeds only for costs related to the School Facilities that are eligible for financing under the Act. The School District agrees that prior to requesting payment from the CFD it shall review and approve all costs included in its request. If the School District does not disburse Item Title: 10.14
Agreement

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Union

School

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for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 8
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July 15, 2026
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5 any Bond Proceeds received for disbursement to third parties within five banking days of receipt, it will trace and remit to the CFD from which such Bond Proceeds were received all earnings, if any, earned by the School District in excess of the yield on the Bonds, from the date of receipt of such Bond Proceeds by the School District to the date of expenditure by the School District of such Bond Proceeds for capital costs of the School Facilities. Such remittance, if any, shall occur on the earlier of the date of expenditure of such Bond Proceeds or each anniversary date of the transfer of such Bond Proceeds from the CFD to the School District. The School District agrees that in processing the above disbursements it will comply with all legal requirements for the expenditure of Bond Proceeds under the Act and the Internal Revenue Code of 1986 and any amendments thereto. As a condition to receiving any proceeds of the Bonds, the School District agrees that it shall provide to the CFD, a certificate confirming the representations contained in this Section 2.6 and such other matters as the CFD may reasonably request upon which the CFD and its bond counsel may rely in connection with the issuance of such Bonds and their conclusion that interest on such Bonds is not included in gross income for federal income tax purposes. (d) The School District agrees to maintain adequate internal controls over its payment function and to maintain accounting records in accordance with generally accepted accounting procedures. The School District will, upon request, provide to the CFD and the City its annual financial report certified by an independent certified public accountant and any other documents deemed necessary by the CFD and the City for purposes of calculating the CFD’s arbitrage rebate obligations. The CFD and the City shall have the right to conduct their own audit of the School District’s records related to the expenditure of the Bond Proceeds disbursed to the School District at reasonable times during normal business hours. (e) From time to time, the School District may submit a Disbursement Request along with adequate supporting documentation to the CFD, for the exact amount of Bond Proceeds to be disbursed to the School District or other payee as directed by the School District.

Upon receipt of an approved Disbursement Request completed in accordance with the terms of this Agreement, the City shall wire transfer (other otherwise pay) such portion of requested funds as are then available for release in the School Fee Fund pursuant to the documents pursuant to which the Bonds are issued to the School District’s bank account, as directed by the School District.
(f) If five years following the issuance of the Bonds, amounts deposited into the School Fee Fund from proceeds of such Bonds have not been expended for federal tax law purposes, the CFD may in its sole discretion transfer such funds to such other account in the sole discretion of the CFD to be used to pay for the costs of eligible public facilities or to the redemption fund to redeem Bonds; provided, however that such funds may be retained in the School Fee Fund beyond such three-year period upon the written request of the School District, and delivery by the School District of an opinion of bond counsel that such extension will not affect the exclusion from gross income of interest on such Bonds issued on a tax-exempt basis. City shall provide School District with written notice at least six months prior to making any transfer pursuant to this Section 2.6(f).

Section 2.6 Administration of the CFD.

The City shall have the power and duty to provide for the administration of the CFD, subject to the terms hereof and the Bond Resolution, including employing and compensating all consultants and providing for the various other administration duties set forth in this Agreement.

It is understood and agreed by Parties hereto that School District was not or will not be considered Item Title: 10.14
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Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 9
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6 a participant in the proceedings relative to formation of the CFD and Improvement Area No. 1 or the issuance of the Bonds, other than as set forth in this Agreement.

Section 2.7 Deposits by the Property Owner.

Pursuant to Section 2.C of the Mitigation Agreement, prior to issuance of the Bonds, the Property Owner will make Mitigation Payments when required, and such amounts will be held as a Deposit by the School District, to be returned to the Property Owner upon the receipt of Bond Proceeds in an amount sufficient to satisfy the Mitigation Payments as more particularly described therein. The Property Owner and the City hereby agree that, to the extent Bond Proceeds are available for such purpose at the City’s discretion, the School District will be funded by the CFD in the amount of $275,281.55 (representing the amount of Mitigation Payments that were not funded by the Menifee Union School District Community Facilities District No. 2020-1, Improvement Area No. 1 and No. 2 ($250,026.55) plus an additional 10% premium of $25,025 to cover additional administrative work needed to process this Agreement), and a portion of the Deposit, in the amount of $250,026.55, shall be returned to the Property Owner by the School District, upon the receipt of Bond Proceeds. For the avoidance of doubt, the remaining $25,025 will be used to cover additional administrative fees and will not be returned to the Property Owner.

ARTICLE III

TERM AND TERMINATION
Section 3.1 Effective Date.

This Agreement shall become effective and of full force and effect as of the date (“Effective Date”) it is approved and executed by the Governing Board of School District, by Property Owner and the City Council of the City, to be confirmed by the execution hereof by the authorized representatives of the Parties hereto.
.

Section 3.2 Termination.

If the CFD is unable to complete the sale of the first series of Bonds prior to 24 months after the final Certificate of Compliance is issued for the Project, any obligation of the Parties, if any, to finance all or any portion of the Mitigation Payment with CFD Bond Proceeds pursuant to this Agreement shall automatically terminate and be of no further force or effect unless amended by the Parties. If this Agreement is terminated pursuant to the foregoing, School District shall retain all Deposits in satisfaction of the Mitigation Amount obligations related to the lots within the Project for which Certificates of Compliance were issued.

ARTICLE IV

ADDITIONAL GENERAL PROVISIONS
Section 4.1 Recordkeeping; Inspection of Records.

School District hereby agrees to keep and maintain full and accurate records of all amounts, if any, paid to School District for Mitigation Payment and investment earnings thereon and the City or the CFD, or the Fiscal Agent on their behalf, hereby agrees to keep and maintain full and accurate records of all amounts, and investment earnings, if any, disbursed to School District from the School Fee Fund. Each Party further agrees to make such records available to Item Title: 10.14
Agreement

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Menifee

Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 10
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July 15, 2026
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7 any other Party hereto, including Property Owner, during normal business hours upon reasonable prior notice. All such records shall be kept and maintained by the appropriate Party as provided by applicable law and their respective policies. School District and Property Owner agree that they will cooperate with the CFD and the City in providing documentation, reports or other data reasonably required and requested by the City or the CFD in meeting the reporting requirements of the CFD under Sections 50075.1, 50075.3, and 50075.5 and Article 1.5 (commencing with Section 53410) of Chapter 3 of Part 1 of Division 2 of Title 5 of, the Government Code (collectively, the “Local Agency Special Tax and Bond Accountability Act”). School District’s reporting obligations pursuant to this Section shall be limited to providing reports or other data detailing the following: (A) the amount of CFD funds received by School District to fund School Facilities, (B) the amount of such CFD funds deposited in separate funds or accounts of School District reflecting Mitigation Payment and the number of dwelling units for which such Mitigation Payment applies, and (C) School Facilities that have been acquired or constructed, in whole or in part, with CFD funds. School District’s reporting obligation shall terminate when all CFD funds have been disbursed from the School Fee Fund, or from any account or subaccount thereof that has been allocated Bond Proceeds to finance Mitigation Payment, and School District has provided to the City a report for the last disbursement received by School District. If no CFD funds have been received by School District or used to finance School Facilities since the previous report, no report shall be required and the City may rely upon the previous reports.

Section 4.2 Partial Invalidity.

If any part of this Agreement is held to be illegal or unenforceable by a court of competent jurisdiction, the remainder of this Agreement shall be given effect to the fullest extent reasonably possible.

Section 4.3 Successors and Assigns.

Property Owner may assign its rights pursuant to this Agreement to a purchaser of the Property, or any portion thereof, and such purchaser and assignee shall assume the obligations of Property Owner pursuant to this Agreement and to be bound thereby. This Agreement shall be binding upon and inure to the benefit of the successors and assigns of the Parties hereto.

Section 4.4 Notice.

Any notice, payment or instrument required or permitted by this Agreement to be given or delivered to any Party or other person shall be deemed to have been received when personally delivered or upon deposit of the same in the United States Post Office registered or certified, postage prepaid, addressed as follows:

City: City of Menifee
29844 Haun Road
Menifee, CA 92586
Attention: Chief Financial Officer
With a copy to: Stradling Yocca Carlson & Rauth
660 Newport Center Drive, Suite 1600
Newport Beach, CA 92660
Attn: Brian Forbath, Esq.

Item Title: 10.14
Agreement

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Union

School

District

for

Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 11
Menifee Mayor and City Council
July 15, 2026
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8 School District: Menifee Union School District
29775 Haun Road
Menifee, CA 92586
Attention: Assistant Superintendent, Business Services
With a copy to: Jones Hall LLP
4 West 4th Avenue, Suite 406
San Mateo, CA 94402
Attention: Scott R. Ferguson, Esq.

Property Owner: Pulte Home Company, LLC
27401 Los Altos, Suite 400
Mission Viejo, CA 92691
Attn: Patric Lynam
Each Party can change its address for delivery of notice by delivering written notice of such change or address to the other Parties within 10 calendar days prior to such change.

Section 4.5 Captions.

The captions to Sections used herein are for convenience purposes only and are not part of this Agreement.

Section 4.6 Governing Law.

This Agreement shall be governed by, and construed in accordance with, the laws of the State of California applicable to contracts made and performed in said State.

Section 4.7 Entire Agreement.

This Agreement contains the entire agreement between the Parties with respect to the matters provided for herein and supersedes all prior agreements and negotiations between the Parties with respect to the subject matter of this Agreement.

Section 4.8 Amendments.

This Agreement may be amended or modified only in writing executed by the authorized representative(s) of each of the Parties hereto.

Section 4.9 Waiver.

The failure of any Party hereto to insist on compliance with any of the terms, covenants or conditions of this Agreement by any other Party hereto, shall not be deemed a waiver of such terms, covenants or conditions of this Agreement by such other Party, nor shall any waiver constitute a relinquishment of any other right or power for all or any other items.

Section 4.10 Cooperation and Execution of Documents.

The Parties hereto agree to complete and execute any further or additional documents that may be necessary to complete or further the terms of this Agreement.

Item Title: 10.14
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Union

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Facilities

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2023-2
Improvement Area 1, Cimarron Ridge
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9 Section 4.11 Attorneys’ Fees.

In the event of the bringing of any action or suit by any Party against any other Party arising out of this Agreement, the Party in whose favor final judgment shall be entered shall be entitled to recover from the losing Party all costs and expenses of such suit, including reasonable attorneys’ fees.

Section 4.12 Exhibits.

The following exhibits attached hereto are incorporated into this Agreement by reference.

Exhibit Description
“A” Property Description
“B” Disbursement Request Form
Section 4.13 Signatories.

The signatories hereto represent that they have been appropriately authorized to enter into this Agreement on behalf of the Party for whom they sign.

Section 4.14 Execution in Counterparts.

This Agreement may be executed in counterparts, electronic or otherwise, each of which shall be deemed an original.
[Signatures on following page.]
Item Title: 10.14
Agreement

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Union

School

District

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Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 13
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July 15, 2026
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10 IN WITNESS WHEREOF, the Parties hereto have executed this Joint Community Facilities and School Facilities Mitigation Agreement as of the day and year written above.

CITY OF MENIFEE, a political subdivision of the
State of California
By:

Chief Financial Officer
ATTEST:

By:

Stephanie Roseen , City Clerk
APPROVED AS TO FORM:

CITY ATTORNEY OF THE CITY OF MENIFEE
By:

Jeffrey T. Melching, City Attorney
MENIFEE UNION SCHOOL DISTRICT, a California
public school district
By_________________________________
Marc Bommarito,
Assistant Superintendent,
Business Services
ATTEST:

By_________________________________
Clerk of the Governing Board of
the Menifee Union School District
PULTE HOME COMPANY, LLC, a Michigan limited
liability company
By:__________________________________
Name:__________________________________
Title:__________________________________
Item Title: 10.14
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Facilities

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2023-2
Improvement Area 1, Cimarron Ridge
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July 15, 2026
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A-1
EXHIBIT “A”

PROPERTY DESCRIPTION

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF MENIFEE, IN THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS:

Tract No. 36658-1:

Lot Nos.: 1 through 134
Tract No. 36658-2:

Lot Nos.: 1 through 116
Tract No. 36658-3:

Lot Nos.: 1 through 104
Tract No. 36658-4:

Lot Nos.: 12 through 81
Item Title: 10.14
Agreement

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Union

School

District

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Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 15
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July 15, 2026
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B-1
EXHIBIT “B”

DISBURSEMENT REQUEST FORM

1. Community Facilities District No. 2023-2 (Cimarron Ridge) of the City of Menifee (“CFD No. 2023-2”) is hereby requested to pay from the School Fee Fund, or any applicable account or subaccount thereof, established by CFD No. 2023-2 in connection with its Special Tax Bonds (the “Bonds”) to Menifee Union School District (“MUSD”), as payee, the sum set forth below:
$________________ (the “Requested Amount”)

2. The Requested Amount is due and payable, has not formed the basis of any prior request or disbursement and is being made with respect to the obligation of the Property to pay Mitigation Payment to MUSD.

3. The Requested Amount is authorized and payable pursuant to the terms of that certain Joint Community Facilities Agreement, dated as of __________, 2026, by and among the City of Menifee, Menifee Union School District, and Pulte Home Company, LLC, a Michigan limited liability company (the “JCFA”).

4. Capitalized undefined terms used herein shall have the meanings ascribed to them in the JCFA.

Date: _______________________________ MENIFEE UNION SCHOOL DISTRICT, a California public school district
By: _________________________________
_________________________________
Item Title: 10.14
Agreement

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School

District

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Community

Facilities

District

2023-2
Improvement Area 1, Cimarron Ridge
Item Page Number: 16
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July 15, 2026
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CITY OF MENIFEE
SUBJECT: Agreement with Core 5 Industrial Partners, LLC and Western Riverside Council of Governments for Transportation Uniform Mitigation Fee Program for Menifee Commerce Center, Motte Business Center, and Heritage Valley Business Center
MEETING DATE: July 15, 2026
TO: Mayor and City Council
PREPARED BY: Chet Robinson, Principal Engineer
REVIEWED BY: Nick Fidler, Public Works Director
APPROVED BY: Armando G. Villa, City Manager
-------------------------------------------------------------------------------------------------------------------------------

RECOMMENDED ACTION

1. Approve and authorize the City Manager to execute an Improvement and Credit/ Reimbursement Agreement with Core 5 Industrial Partners, LLC, the City of Perris, and Western Riverside Council of Governments for the Transportation Uniform Mitigation Fee (TUMF) Program for Parcel Map 38156 - Menifee Commerce Center, Parcel Map 38432 - Motte Business Center, and Parcel Map 39392 - Heritage Valley Business Center, located south of Ethanac Road between Trumble Road and Antelope Road.

DISCUSSION
Core 5 Industrial Partners, LLC, a Delaware Limited Liability Company (Developer), is currently in various stages of developing three industrial buildings located south of Ethanac Road between Trumble Road and Antelope Road. The three buildings, collectively called “Project”, include:
•Menifee Commerce Center, Parcel Map 38156 (PM 38156)
•Motte Business Center, Parcel Map 38432 (PM 38432)
•Heritage Valley Business Center, Parcel Map 39392 (PM 39392) The Menifee Commerce Center is a merger of 56.0 gross acres into a single parcel for an industrial building 1,046,539 square feet in size. PM 38156 was recorded on November 12, 2025, and is currently under construction.

The Motte Business Center is a proposed merger of 47.1 gross acres into a single parcel for an industrial building 1,138,638 square feet in size. The entitlement for PM 38432 has been approved, and the project is currently in final engineering.

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 1
Menifee Mayor and City Council
July 15, 2026
Page
281 of 3153

City of Menifee Staff Report
TUMF Credit Agreement – Core 5 Industrial Partners
July 15, 2026

Page 2 of 3 ends

3 3
6 8
The Heritage Valley Business Center is a proposed merger of 40.4 gross acres into a single parcel for an industrial building 829,000 square feet in size. The entitlement process for PM 39392 is currently ongoing.

The TUMF Ordinance, which is administered by Western Riverside Council of Governments (WRCOG), requires the developer/owner of a project to pay fees to construct roads that are identified within the TUMF roadway network as regionally beneficial. This cost is assessed to mitigate project-generated traffic impacts on those roads. According to the current schedule of fees, the three industrial buildings associated with this Project are subject to an estimated overall TUMF contribution (TUMF Obligation) of $4,698,174.

The Developer is the owner of the Project and, as such, was conditioned by the City to widen Ethanac Road from two to four lanes between Interstate 215 and Dawson Road and two to three lanes between Dawson Road and Antelope Road. Sections of Ethanac Road borders the cities of Menifee and Perris, with jurisdictional changes occurring through various segments of the roadway between Interstate 215 and Sherman Road. Ethanac Road between Interstate 215 and Trumble Road is within the City of Perris. The centerline of Ethanac Road splits the City of Perris and the City of Menifee jurisdictional boundaries between Trumble Road and Sherman Road. The segment of Ethanac Road between Sherman Road and Antelope Road falls fully within the City of Menifee’s jurisdiction.

Being that this portion of Ethanac Road is a TUMF facility, the Developer is eligible to receive credit toward the Project’s TUMF Obligation, up to an amount established by WRCOG for the facility improvements, for costs incurred to construct the TUMF facilities conditioned via the Project. The attached TUMF Credit Estimate establishes that the Developer is eligible to receive up to $8,433,776 in TUMF credits for eligible work. These credits would first be applied against the Developer’s overall TUMF Obligation for the three buildings in the Project. The Developer also would be eligible for reimbursement of TUMF facility construction costs that exceed their TUMF Obligation. Following application of the full TUMF credits to the overall TUMF Obligation, the Developer’s potential TUMF reimbursement for the Project is estimated to be $3,735,601.

In order to receive TUMF credits for Ethanac Road, the Developer must enter into an Improvement and Credit/Reimbursement Agreement (Agreement) with the City of Menifee, the City of Perris, and WRCOG. The Developer is requesting to enter into the proposed Agreement in order to receive TUMF credits associated with the construction of the Ethanac Road improvements.

STRATEGIC PLAN OBJECTIVE
Connectivity and Mobility

FISCAL IMPACT
There is no fiscal impact to the City associated with the recommended action. All TUMF collection, credit issuance, and reimbursements are processed through WRCOG as the TUMF Program administering agency. Review and approval of credit through WRCOG would be coordinated for future review with all parties to the Agreement, prior to issuance of any credit or reimbursement.

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 2
Menifee Mayor and City Council
July 15, 2026
Page
282 of 3153

City of Menifee Staff Report
TUMF Credit Agreement – Core 5 Industrial Partners
July 15, 2026

Page 3 of 3 ends

3 3
6 8

ATTACHMENTS

1. Project Map

2. Improvement and Credit Reimbursement Agreement

3. TUMF Credit Estimate
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 3
Menifee Mayor and City Council
July 15, 2026
Page
283 of 3153

333-070-069

TRUMBLE RD
VAN
BUREN
AVE

JEFFERSON AVE

MONROE AVE

DAWSON RD

ANTELOPE RD

SHERMAN RD

EVANS RD ENCANTO
DR
§¨¦
215
·|}þ74
^ _

MENIFEE
RD

ETHANAC RD

SHERMAN RD

MURRIETA RD

MCLAUGHLIN RD

SUNCITYBLVD
CANNON
DR
VALLEY
BLVD

GEARY ST

JUNIPERO RDASPEL RD

BARNETT RD
§¨¦215

CHAMBERS AVE
VELADR

PROJECT MAP
PM38156 MENIFEE COMMERCE CENTER
Menifee Commerce
Center
PM38156
Motte Business
Center
PM38432
Heritage Valley
Business Center
PM39323
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments

for

Transportation

Uniform

Mitigation
Fee Program for Menifee Commerce Center, Motte Business Center, and Heritage Valley Business Center Item Page Number: 4
Menifee Mayor and City Council
July 15, 2026
Page
284 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

-1-
20323.00004\30163105.4

IMPROVEMENT AND CREDIT / REIMBURSEMENT AGREEMENT

TRANSPORTATION UNIFORM MITIGATION FEE PROGRAM
This IMPROVEMENT AND CREDIT AGREEMENT (“Agreement”) is entered into this ___ day of ___________________, 2026, (the “Effective Date”) by and between the City of Menifee a California municipal corporation (“MENIFEE”), and the City of Perris a California municipal corporation (“PERRIS” and together with MENIFEE referred to collectively as the “AGENCIES”), the Western Riverside Council of Governments, a joint powers Agency, (“WRCOG”), Core5 Industrial Partners, LLC, a Delaware limited liability company with its principal place of business at 300 Spectrum Center Drive, Suite 880, Irvine, CA 92618 (“DEVELOPER”). MENIFEE, PERRIS, and DEVELOPER are sometimes hereinafter referred to individually as “Party” and collectively as “Parties.”

RECITALS
WHEREAS, DEVELOPER owns 147.5 acres of real property located within the City of Menifee in the County of Riverside, California, which is more specifically described in the legal description set forth in Exhibit “A,” attached hereto and incorporated herein by this reference (“Property”); and
WHEREAS, DEVELOPER has requested from MENIFEE certain entitlements and/or permits for the construction of improvements on the Property, which are more particularly described as construction of Industrial Buildings within Tentative Parcel Map Nos. 38156, 38432, and 39292 (“Project”); and
WHEREAS, the MENIFEE is a member agency of WRCOG, a joint powers agency comprised of the County of Riverside and 18 cities located in Western Riverside County. WRCOG is the administrator for the Transportation Uniform Mitigation Fee (“TUMF”) Program; and WHEREAS, as part of the TUMF Program, the MENIFEE has adopted “Transportation Uniform Mitigation Fee Nexus Study: 2024 Update” (“2024 Nexus Study”); and WHEREAS, as a condition to MENIFEE’s approval of the Project, MENIFEE has required DEVELOPER to construct certain street and transportation system improvement(s) of regional importance (“TUMF Improvements”); and
WHEREAS, pursuant to the TUMF Program, the MENIFEE requires DEVELOPER to pay the TUMF which covers the DEVELOPER’S fair share of the costs to deliver those TUMF Improvements that help mitigate the Project’s traffic impacts and burdens on the Regional System of Highways and Arterials (also known as the “TUMF Network”), generated by the Project and that are necessary to protect the safety, health and welfare of persons that travel to and from the Project using the TUMF Network; and
WHEREAS, the TUMF Improvements have been designated as having Regional or Zonal Significance as further described in the 2024 Nexus Study and the 5 year Transportation Improvement Program as may be amended; and
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 5
Menifee Mayor and City Council
July 15, 2026
Page
285 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

-2-
20323.00004\30163105.4
WHEREAS, the AGENCIES, WRCOG and DEVELOPER now desire to enter into this Agreement for the following purposes: (1) to provide for the timely delivery of the TUMF Improvements, (2) to ensure that delivery of the TUMF Improvements is undertaken as if the TUMF Improvements were constructed under the direction and authority of MENIFEE AND PERRIS, as applicable to improvements within each jurisdiction, (3) to provide a means by which the DEVELOPER’s costs for project delivery of the TUMF Improvements and related right-of- way is offset against DEVELOPER’s obligation to pay the applicable TUMF for the Project in accordance with the TUMF Administrative Plan adopted by WRCOG, and (4) to provide a means, subject to the separate approval of WRCOG, for DEVELOPER to be reimbursed to the extent the actual and authorized costs for the delivery of the TUMF Improvements exceeds DEVELOPER's TUMF obligation.

NOW, THEREFORE, for the purposes set forth herein, and for good and valuable consideration, the adequacy of which is hereby acknowledged, DEVELOPER and the AGENCIES hereby agree as follows:

TERMS

1.0 Incorporation of Recitals. The Parties hereby affirm the facts set forth in the Recitals above and agree to the incorporation of the Recitals as though fully set forth herein.

2.0 Construction of TUMF Improvements. DEVELOPER shall construct or have constructed at its own cost, expense, and liability certain street and transportation system improvements generally described as street and transportation system improvements generally described as the widening from 2 to 4 lanes on Ethanac Road from I-215 to Dawson Road, and as shown more specifically on the plans, profiles, and specifications which have been or will be prepared by or on behalf of DEVELOPER and approved by the AGENCIES, and which are incorporated herein by this reference (“TUMF Improvements”). Construction of the TUMF Improvements shall include any transitions and/or other incidental work deemed necessary for drainage or public safety.

DEVELOPER shall be responsible for the replacement, relocation, or removal of any component of any existing public or private improvement in conflict with the construction or installation of the TUMF Improvements. Such replacement, relocation, or removal shall be performed to the complete satisfaction of the AGENCIES and the owner of such improvement. DEVELOPER further promises and agrees to provide all equipment, tools, materials, labor, tests, design work, and engineering services necessary to fully and adequately complete the TUMF Improvements.

2.1 Pre-approval of Plans and Specifications. DEVELOPER is prohibited from commencing work on any portion of the TUMF Improvements until all plans and specifications for the TUMF Improvements have been submitted to and approved by the AGENCIES. Approval by the AGENCIES shall not relieve DEVELOPER from ensuring that all TUMF Improvements conform with all other requirements and standards set forth in this Agreement.

2.2 Permits and Notices. Prior to commencing any work, DEVELOPER shall, at its sole cost, expense, and liability, obtain all necessary permits and licenses and give all necessary and incidental notices required for the lawful construction of the TUMF Improvements and performance of DEVELOPER’S obligations under this Agreement. DEVELOPER shall conduct Item Title: 10.15
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LLC

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Western

Riverside

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the work in full compliance with the regulations, rules, and other requirements contained in any permit or license issued to DEVELOPER.

2.3 Public Works Requirements. In order to insure that the TUMF Improvements will be constructed as if they had been constructed under the direction and supervision, or under the authority of, the AGENCIES, DEVELOPER shall comply with all of the following requirements with respect to the construction of the TUMF Improvements:
(a) DEVELOPER shall obtain bids for the construction of the TUMF Improvements, in conformance with the standard procedures and requirements of the AGENCIES with respect to their public works projects, or in a manner which is approved by the Public Works Department.
(b) The contract or contracts for the construction of the TUMF Improvements shall be awarded to the responsible bidder(s) submitting the lowest responsive bid(s) for the construction of the TUMF Improvements.
(c) DEVELOPER shall require, and the specifications and bid and contract documents shall require, all such contractors to pay prevailing wages (in accordance with Articles 1 and 2 of Chapter 1, Part 7, Division 2 of the Labor Code) and to otherwise comply with applicable provisions of the Labor Code, the Government Code and the Public Contract Code relating to public works projects of cities/counties and as required by the procedures and standards of the AGENCIES with respect to the construction of their public works projects or as otherwise directed by the Public Works Department.
(d) All such contractors shall be required to provide proof of insurance coverage throughout the term of the construction of the TUMF Improvements which they will construct in conformance with the AGENCIES’ standard procedures and requirements. (e) DEVELOPER and all such contractors shall comply with such other requirements relating to the construction of the TUMF Improvements which the AGENCIES may impose by written notification delivered to DEVELOPER and each such contractor at any time, either prior to the receipt of bids by DEVELOPER for the construction of the TUMF Improvements, or, to the extent required as a result of changes in applicable laws, during the progress of construction thereof.

DEVELOPER shall provide proof to the AGENCIES, at such intervals and in such form as the AGENCIES may require that the foregoing requirements have been satisfied as to the TUMF Improvements.

2.4 Quality of Work; Compliance With Laws and Codes. The construction plans and specifications for the TUMF Improvements shall be prepared in accordance with all applicable federal, state and local laws, ordinances, regulations, codes, standards, and other requirements.

The TUMF Improvements shall be completed in accordance with all approved maps, plans, specifications, standard drawings, and special amendments thereto on file with AGENCY, as well as all applicable federal, state, and local laws, ordinances, regulations, codes, standards, and other requirements applicable at the time work is actually commenced.

Item Title: 10.15
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LLC

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Western

Riverside

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Governments
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Transportation

Uniform

Mitigation

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Program

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Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
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July 15, 2026
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2.5 Standard of Performance. DEVELOPER and its contractors, if any, shall perform all work required, constructing the TUMF Improvements in a skillful and workmanlike manner, and consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California. DEVELOPER represents and maintains that it or its contractors shall be skilled in the professional calling necessary to perform the work.

DEVELOPER warrants that all of its employees and contractors shall have sufficient skill and experience to perform the work assigned to them, and that they shall have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the work, and that such licenses, permits, qualifications and approvals shall be maintained throughout the term of this Agreement.

2.6 Alterations to TUMF Improvements. All work shall be done and the TUMF Improvements completed as shown on approved plans and specifications, and any subsequent alterations thereto. If during the course of construction and installation it is determined that the public interest requires alterations in the TUMF Improvements, DEVELOPER shall undertake such design and construction changes as may be reasonably required by the AGENCIES. Any and all alterations in the plans and specifications and the TUMF Improvements to be completed may be accomplished without first giving prior notice thereof to DEVELOPER’s surety for this Agreement.

3.0 Maintenance of TUMF Improvements. The AGENCIES shall not be responsible or liable for the maintenance or care of the TUMF Improvements until MENIFEE or PERRIS approves and accepts them. The AGENCIES shall exercise no control over the TUMF Improvements until accepted. Any use by any person of the TUMF Improvements, or any portion thereof, shall be at the sole and exclusive risk of DEVELOPER at all times prior to MENIFEE or PERRIS’S acceptance of the TUMF Improvements. DEVELOPER shall maintain all of the TUMF Improvements in a state of good repair until they are completed by DEVELOPER and approved and accepted by the AGENCIES, and until the security for the performance of this Agreement is released. It shall be DEVELOPER’s responsibility to initiate all maintenance work, but if it shall fail to do so, it shall promptly perform such maintenance work when notified to do so by AGENCY. If DEVELOPER fails to properly prosecute its maintenance obligation under this section, the AGENCIES may do all work necessary for such maintenance and the cost thereof shall be the responsibility of DEVELOPER and its surety under this Agreement. The AGENCIES shall not be responsible or liable for any damages or injury of any nature in any way related to or caused by the TUMF Improvements or their condition prior to acceptance. In no event shall WRCOG be responsible for the maintenance, operation or care of the TUMF Improvements

4.0 Fees and Charges. DEVELOPER shall, at its sole cost, expense, and liability, pay all fees, charges, and taxes arising out of the construction of the TUMF Improvements, including, but not limited to, all plan check, design review, engineering, inspection, sewer treatment connection fees, and other service or impact fees established by the AGENCIES.

5.0 Inspection of TUMF Improvements by the AGENCIES. DEVELOPER shall, at its sole cost, expense, and liability, and at all times during construction of the TUMF Improvements, maintain reasonable and safe facilities and provide safe access for inspection by the AGENCIES Item Title: 10.15
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Western

Riverside

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Transportation

Uniform

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Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
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July 15, 2026
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of the TUMF Improvements and areas where construction of the TUMF Improvements is occurring or will occur.

6.0 Liens. Upon the expiration of the time for the recording of claims of liens as prescribed by Sections 8412 and 8414 of the Civil Code with respect to the TUMF Improvements, DEVELOPER shall provide to the AGENCIES such evidence or proof as the AGENCIES shall require that all persons, firms and corporations supplying work, labor, materials, supplies and equipment to the construction of the TUMF Improvements, have been paid, and that no claims of liens have been recorded by or on behalf of any such person, firm or corporation. Rather than await the expiration of the said time for the recording of claims of liens, DEVELOPER may elect to provide to the AGENCIES a title insurance policy or other security acceptable to the AGENCIES guaranteeing that no such claims of liens will be recorded or become a lien upon any of the Property.

7.0 Acceptance of TUMF Improvements; As-Built or Record Drawings. If the TUMF Improvements are properly completed by DEVELOPER and approved by the AGENCIES, and if they comply with all applicable federal, state and local laws, ordinances, regulations, codes, standards, and other requirements, the AGENCIES shall be authorized to accept the TUMF Improvements. The AGENCIES may, in its sole and absolute discretion, accept fully completed portions of the TUMF Improvements prior to such time as all of the TUMF Improvements are complete, which shall not release or modify DEVELOPER’s obligation to complete the remainder of the TUMF Improvements. Upon the total or partial acceptance of the TUMF Improvements by AGENCY, DEVELOPER shall file with the Recorder’s Office of the County of Riverside a notice of completion for the accepted TUMF Improvements in accordance with California Civil Code sections 8182, 8184, 9204, and 9208 (“Notice of Completion”), at which time the accepted TUMF Improvements shall become the sole and exclusive property of the AGENCIES without any payment therefore. Notwithstanding the foregoing, the AGENCIES may not accept any TUMF Improvements unless and until DEVELOPER provides one (1) set of “as-built” or record drawings or plans to the AGENCIES for all such TUMF Improvements. The drawings shall be certified and shall reflect the condition of the TUMF Improvements as constructed, with all changes incorporated therein.

8.0 Warranty and Guarantee. DEVELOPER hereby warrants and guarantees all the TUMF Improvements against any defective work or labor done, or defective materials furnished in the performance of this Agreement, including the maintenance of the TUMF Improvements, for a period of one (1) year following completion of the work and acceptance by the AGENCIES (“Warranty”). During the Warranty, DEVELOPER shall repair, replace, or reconstruct any defective or otherwise unsatisfactory portion of the TUMF Improvements, in accordance with the current ordinances, resolutions, regulations, codes, standards, or other requirements of the AGENCIES, and to the approval of the AGENCIES. All repairs, replacements, or reconstruction during the Warranty shall be at the sole cost, expense, and liability of DEVELOPER and its surety.

As to any TUMF Improvements which have been repaired, replaced, or reconstructed during the Warranty, DEVELOPER and its surety hereby agree to extend the Warranty for an additional one (1) year period following the AGENCIES’S acceptance of the repaired, replaced, or reconstructed TUMF Improvements. Nothing herein shall relieve DEVELOPER from any other liability it may have under federal, state, or local law to repair, replace, or reconstruct any TUMF Improvement Item Title: 10.15
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Western

Riverside

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Motte
Business Center, and Heritage Valley Business Center
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following expiration of the Warranty or any extension thereof. DEVELOPER’S warranty obligation under this section shall survive the expiration or termination of this Agreement.

9.0 Administrative Costs. If DEVELOPER fails to construct and install all or any part of the TUMF Improvements, or if DEVELOPER fails to comply with any other obligation contained herein, DEVELOPER and its surety shall be jointly and severally liable to the AGENCIES for all administrative expenses, fees, and costs, including reasonable attorney’s fees and costs, incurred in obtaining compliance with this Agreement or in processing any legal action or for any other remedies permitted by law.

10.0 Default; Notice; Remedies.

10.1 Notice. If DEVELOPER neglects, refuses, or fails to fulfill or timely complete any obligation, term, or condition of this Agreement, or if one or both AGENCIES determine there is a violation of any federal, state, or local law, ordinance, regulation, code, standard, or other requirement, one or both of the AGENCIES may at any time thereafter declare DEVELOPER to be in default or violation of this Agreement and make written demand upon DEVELOPER or its surety, or both, to immediately remedy the default or violation (“Notice”). DEVELOPER shall substantially commence the work required to remedy the default or violation within five (5) days of the Notice. If the default or violation constitutes an immediate threat to the public health, safety, or welfare, one or both of the AGENCIES may provide the Notice verbally, and DEVELOPER shall substantially commence the required work within twenty-four (24) hours thereof.

Immediately upon the AGENCIES’S issuance of the Notice, DEVELOPER and its surety shall be liable to the AGENCIES for all costs of construction and installation of the TUMF Improvements and all other administrative costs or expenses as provided for in this Section 10.0 of this Agreement.

10.2 Failure to Remedy; the AGENCIES’S Action. If the work required to remedy the noticed default or violation is not diligently prosecuted to a completion acceptable to AGENCY within the time frame contained in the Notice, AGENCY may complete all remaining work, arrange for the completion of all remaining work, and/or conduct such remedial activity as in its sole and absolute discretion it believes is required to remedy the default or violation. All such work or remedial activity shall be at the sole and absolute cost, expense, and liability of DEVELOPER and its surety, without the necessity of giving any further notice to DEVELOPER or surety. The AGENCIES’S right to take such actions shall in no way be limited by the fact that DEVELOPER or its surety may have constructed any of the TUMF Improvements at the time of the AGENCIES’S demand for performance. In the event one or both of the AGENCIES elect to complete or arrange for completion of the remaining work and the TUMF Improvements, one or both of the AGENCIES may require all work by DEVELOPER or its surety to cease in order to allow adequate coordination by the AGENCIES.

10.3 Other Remedies. No action by one or both of the AGENCIES pursuant to this Section 10.0 et seq. of this Agreement shall prohibit one or both of the AGENCIES from exercising any other right or pursuing any other legal or equitable remedy available under this Agreement or any federal, state, or local law. The AGENCIES may exercise its rights and remedies independently or cumulatively, and the AGENCIES may pursue inconsistent remedies. The AGENCIES may institute an action for damages, injunctive relief, or specific performance.

Item Title: 10.15
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LLC

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Western

Riverside

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Governments
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Transportation

Uniform

Mitigation

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Program

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Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 10
Menifee Mayor and City Council
July 15, 2026
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11.0 Security; Surety Bonds. Prior to the commencement of any work on the TUMF Improvements, DEVELOPER or its contractor shall provide the AGENCIES with surety bonds in the amounts and under the terms set forth below (“Security”). The amount of the Security shall be based on the estimated actual costs to construct the TUMF Improvements, as determined by the AGENCIES after DEVELOPER has awarded a contract for construction of the TUMF Improvements to the lowest responsive and responsible bidder in accordance with this Agreement (“Estimated Costs”). If one or both of the AGENCIES determine, in their sole and absolute discretion, that the Estimated Costs have changed, DEVELOPER or its contractor shall adjust the Security in the amount requested by the AGENCIES. DEVELOPER’S compliance with this Section 11.0 et seq. of this Agreement shall in no way limit or modify DEVELOPER’s indemnification obligation provided in Section 12.0 of this Agreement.

11.1 Performance Bond. To guarantee the faithful performance of the TUMF Improvements and all the provisions of this Agreement, to protect AGENCY if DEVELOPER is in default as set forth in Section 10.0 et seq. of this Agreement, and to secure the one-year guarantee and warranty of the TUMF Improvements, DEVELOPER or its contractor shall provide AGENCY a faithful performance bond in an amount which sum shall be not less than one hundred percent (100%) of the Estimated Costs. The AGENCY may, in its sole and absolute discretion, partially release a portion or portions of the security provided under this section as the TUMF Improvements are accepted by AGENCY, provided that DEVELOPER is not in default on any provision of this Agreement and the total remaining security is not less than ten (10%) of the Estimated Costs. All security provided under this section shall be released at the end of the Warranty period, or any extension thereof as provided in Section 11.0 of this Agreement, provided that DEVELOPER is not in default on any provision of this Agreement.

11.2 Labor & Material Bond. To secure payment to the contractors, subcontractors, laborers, materialmen, and other persons furnishing labor, materials, or equipment for performance of the TUMF Improvements and this Agreement, DEVELOPER or its contractor shall provide AGENCY a labor and materials bond in an amount which sum shall not be less than one hundred percent (100%) of the Estimated Costs. The security provided under this section may be released by written authorization of MENIFEE or PERRIS, as applicable to the TUMF Improvements in their respective jurisdictions, after six (6) months from the date that MENIFEE or PERRIS, as applicable, accepts the TUMF Improvements. The amount of such security shall be reduced by the total of all stop notice or mechanic’s lien claims of which the AGENCIES are aware, plus an amount equal to twenty percent (20%) of such claims for reimbursement of the AGENCIES’S anticipated administrative and legal expenses arising out of such claims.

11.3 Additional Requirements. The surety for any surety bonds provided as Security shall have a current A.M. Best rating of at least “A” and FSC-VIII, shall be licensed to do business in California, and shall be satisfactory to the AGENCIES. As part of the obligation secured by the Security and in addition to the face amount of the Security, DEVELOPER, its contractor or the surety shall secure the costs and reasonable expenses and fees, including reasonable attorney’s fees and costs, incurred by the AGENCIES in enforcing the obligations of this Agreement.

DEVELOPER, its contractor and the surety shall stipulate and agree that no change, extension of time, alteration, or addition to the terms of this Agreement, the TUMF Improvements, or the plans Item Title: 10.15
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Business Center, and Heritage Valley Business Center
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Menifee Mayor and City Council
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and specifications for the TUMF Improvements shall in any way affect its obligation on the Security.

11.4 Evidence and Incorporation of Security. Evidence of the Security shall be provided on the forms set forth in Exhibit “B”, unless other forms are deemed acceptable by the AGENCIES, and when such forms are completed to the satisfaction of the AGENCIES, the forms and evidence of the Security shall be attached hereto as Exhibit “B” and incorporated herein by this reference.

12.0 Indemnification. DEVELOPER shall defend, indemnify, and hold harmless PERRIS, MENIFEE, WRCOG, their elected officials, board members, employees, and agents from any and all actual or alleged claims, demands, causes of action, liability, loss, damage, or injury to property or persons, including wrongful death, whether imposed by a court of law or by administrative action of any federal, state, or local governmental agency, arising out of or incident to any acts, omissions, negligence, or willful misconduct of DEVELOPER, its employees, contractors, or agents in connection with the performance of this Agreement, or arising out of or in any way related to or caused by the TUMF Improvements or their condition prior to PERRIS and MENIFEE’S approval and acceptance of the TUMF Improvements (“Claims”). This indemnification includes, without limitation, the payment of all penalties, fines, judgments, awards, decrees, attorney fees, and related costs or expenses, and the reimbursement of PERRIS, MENIFEE, WRCOG, their elected officials, board members, employees, and/or agents for all legal expenses and costs incurred by each of them. This indemnification excludes only such portion of any Claim which is caused solely and exclusively by the gross negligence or willful misconduct of PERRIS or MENIFEE, with respect to each of their jurisdictions, as determined by a court or administrative body of competent jurisdiction. DEVELOPER’S obligation to indemnify shall survive the expiration or termination of this Agreement, and shall not be restricted to insurance proceeds, if any, received by PERRIS, MENIFEE, WRCOG, their elected officials, board members, employees, or agents.

13.0 Insurance.

13.1 Types; Amounts. DEVELOPER shall procure and maintain, and shall require its contractors to procure and maintain, during performance of this Agreement, insurance of the types and in the amounts described below (“Required Insurance”). If any of the Required Insurance contains a general aggregate limit, such insurance shall apply separately to this Agreement or be no less than two times the specified occurrence limit.

13.1.1 General Liability. Occurrence form general liability insurance at least as broad as Insurance Services Office Form CG 00 01, or equivalent form, with an occurrence limit of Two Million Dollars ($2,000,000) and aggregate limit of Four Million Dollars ($4,000,000) for bodily injury, personal injury, and property damage.

13.1.2 Business Automobile Liability. Business automobile liability insurance at least as broad as Insurance Services Office Form CA 00 01 (coverage symbol 1 – any auto), or equivalent form, with a combined single limit of not less than One Million Dollars ($1,000,000) per occurrence. Such insurance shall include coverage for the ownership, operation, maintenance, use, loading, or unloading of any auto owned, leased, hired, or borrowed by the insured or for which the insured is responsible.

Item Title: 10.15
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LLC

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Riverside

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Governments
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Uniform

Mitigation

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Program

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Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 12
Menifee Mayor and City Council
July 15, 2026
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13.1.3 Workers’ Compensation. Workers’ compensation insurance with limits as required by the Labor Code of the State of California and employers’ liability insurance with limits of not less than One Million Dollars ($1,000,000) per occurrence, at all times during which insured retains employees.

13.1.4 Professional Liability. For any consultant or other professional who will engineer or design the TUMF Improvements, liability insurance for errors and omissions with limits not less than Two Million Dollars ($2,000,000) per occurrence, shall be procured and maintained for a period of five (5) years following completion of the TUMF Improvements. Such insurance shall be endorsed to include contractual liability.

13.2 Deductibles. Any deductibles or self-insured retentions must be declared to and approved by the AGENCIES. At the option of the AGENCIES, either: (a) the insurer shall reduce or eliminate such deductibles or self-insured retentions as respects the AGENCIES, their elected officials, officers, employees, agents, and volunteers; or (b) DEVELOPER and its contractors shall provide a financial guarantee satisfactory to the AGENCIES guaranteeing payment of losses and related investigation costs, claims, and administrative and defense expenses.

13.3 Additional Insured; Separation of Insureds. The Required Insurance, except for the professional liability and workers’ compensation insurance, shall name MENIFEE, PERRIS, WRCOG, their elected officials, board members, officers, employees, and agents as additional insureds with respect to work performed by or on behalf of DEVELOPER or its contractors, including any materials, parts, or equipment furnished in connection therewith. For Required Insurance provided by DEVELOPER’S contractors, WRCOG shall be added as an additional insured using ISO CG 2038 or an exact equivalent. The Required Insurance shall contain standard separation of insureds provisions, and shall contain no special limitations on the scope of its protection to MENIFEE, PERRIS, WRCOG, their elected officials, board members, officers, employees, or agents.

13.4 Primary Insurance; Waiver of Subrogation. The Required Insurance, except for the professional liability and workers’ compensation insurance shall be primary with respect to any insurance or self-insurance programs covering the AGENCIES, WRCOG, their elected officials, board members, officers, employees, or agents. The Required Insurance, except for the professional liability insurance, shall provide that the insurance company waives all right of recovery by way of subrogation against the AGENCIES and WRCOG in connection with any damage or harm covered by such policy.

13.5 Certificates; Verification. DEVELOPER and its contractors shall furnish the AGENCIES with original certificates of insurance and endorsements effecting coverage for the Required Insurance. The certificates and endorsements for each insurance policy shall be signed by a person authorized by that insurer to bind coverage on its behalf. All certificates and endorsements must be received and approved by the AGENCIES before work pursuant to this Agreement can begin. The AGENCIES reserves the right to require complete, certified copies of all required insurance policies, at any time.

13.6 Term; Cancellation Notice. DEVELOPER and its contractors shall maintain the Required Insurance for the term of this Agreement and shall replace any certificate, policy, or Item Title: 10.15
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Western

Riverside

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Transportation

Uniform

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Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 13
Menifee Mayor and City Council
July 15, 2026
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endorsement which will expire prior to that date. All policies shall be endorsed to provide that the Required Insurance shall not be suspended, voided, reduced, canceled, or allowed to expire except on thirty (30) days’ prior written notice to the AGENCIES. If such notice of cancellation endorsements are unavailable, DEVELOPER shall provide such thirty (30) days’ written notice of cancellation.

13.7 Insurer Rating. Unless approved in writing by the AGENCIES, all Required Insurance shall be placed with insurers licensed to do business in the State of California and with a current A.M. Best rating of at least “A” and FSC-VIII.

14.0 TUMF Credit.

14.1 DEVELOPER’S TUMF Obligation. DEVELOPER hereby agrees and accepts that as of the date of this Agreement, the amount DEVELOPER is obligated to pay to MENIFEE pursuant to Ordinance No. 2025-406 as part of the TUMF Program is FOUR MILLION SIX

HUNDRED NINETY EIGHT THOUSAND ONE HUNDRED AND SEVENTY-EIGHT AND 00/100 DOLLARS ($4,698,174) (“TUMF Obligation”). This TUMF Obligation shall be initially determined under the TUMF fee schedule in effect for MENIFEE at the time the DEVELOPER submits a building permit application for the TUMF Improvement. Notwithstanding, this TUMF Obligation does not have to be paid until the Certificate of Occupancy is obtained.

14.2 Fee Adjustments. Notwithstanding the foregoing, DEVELOPER agrees that this Agreement shall not estop MENIFEE from adjusting the TUMF in accordance with the provisions of Ordinance No. 2025-406.

14.3 Credit Offset Against TUMF Obligation. Pursuant to Ordinance No. 2025-406 and in consideration for DEVELOPER'S obligation under this Agreement for the delivery of TUMF Improvements, credit shall be applied by MENIFEE to offset the TUMF Obligation (“Credit”) subject to adjustment and reconciliation under Section 14.5 of this agreement. DEVELOPER hereby agrees that the amount of the Credit shall be applied after DEVELOPER has initiated the process of project delivery of TUMF Improvements to the lowest responsible bidder in accordance with this Agreement. DEVELOPER further agrees that the dollar amount of the Credit shall be equal to the lesser of: (A) the bid amount set forth in the contract awarded to the lowest responsible bidder, or (B) the unit cost assumptions for the TUMF Improvement in effect at the time of the contract award, as such assumptions are identified and determined in the most recent TUMF Nexus Study and the TUMF Administrative Plan adopted by WRCOG (“Unit Cost Assumptions”).

The bid amount and the Unit Cost Assumptions are estimated at $8,433,776 as shown in Exhibit “G” and shall hereafter be collectively referred to as the “Estimated Credit”. At no time will the Credit exceed the DEVELOPER’s TUMF Obligation. If the dollar amount of the Estimated Credit exceeds the dollar amount of the TUMF Obligation, DEVELOPER will be deemed to have completely satisfied its TUMF Obligation for the Project and may apply for a reimbursement agreement, to the extent applicable, as provided in Section 14.6 of this Agreement and estimated in Exhibit “G.” If the dollar amount of the Estimated Credit is less than the dollar amount of the TUMF Obligation, the DEVELOPER agrees the Credit shall be applied to offset the TUMF Obligation as follows:

Item Title: 10.15
Agreement

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LLC

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Western

Riverside

Council

Governments
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Transportation

Uniform

Mitigation

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Program

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Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 14
Menifee Mayor and City Council
July 15, 2026
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(i) For residential units in the Project, the Credit shall be applied to all residential units to offset and/or satisfy the TUMF Obligation. The residential units for which the TUMF Obligation has been offset and/or satisfied by use of the Credit, and the amount of offset applicable to each unit, shall be identified in the notice provided to the DEVELOPER by the AGENCIES pursuant to this section.
(ii) For commercial and industrial structures in the Project, the Credit shall be applied to all commercial and industrial development to offset and/or satisfy the TUMF Obligation. The commercial or industrial structure(s) for which the TUMF Obligation has been offset and/or satisfied by use of the Credit, and the amount of offset applicable to such structure(s), shall be identified in the notice provided to the DEVELOPER by the AGENCIES pursuant to this section.

The AGENCIES shall provide DEVELOPER written notice of the determinations that the AGENCIES make pursuant to this section, including how the Credit is applied to offset the TUMF Obligation as described above.

14.4 Verified Cost of the TUMF Improvements. Upon recordation of the Notice of Completion for the TUMF Improvements and acceptance of the TUMF Improvements by MENIFEE or PERRIS, as applicable, DEVELOPER shall submit to the MENIFEE or PERRIS Public Works Director the information set forth in the attached Exhibit “C”. MENIFEE or PERRIS’S Public Works Director, or his or her designee, shall use the information provided by DEVELOPER to calculate the total actual costs incurred by DEVELOPER in delivering the TUMF Improvements covered under this Agreement (“Verified Costs”). MENIFEE or PERRIS’S Public Works Director, as applicable, will use his or her best efforts to determine the amount of the Verified Costs and provide DEVELOPER written notice thereof within thirty (30) calendar days of receipt of all the required information from DEVELOPER. The Agency may request that WRCOG calculate the amount of the Verified Cost. In this case, MENIFEE or PERRIS, as applicable, shall provide WRCOG written notice and all necessary documentation and allow WRCOG fifteen (15) days to determine costs. MENIFEE or PERRIS, as applicable, will notify the DEVELOPER within the previous thirty (30) day deadline

14.5 Reconciliation; Final Credit Offset Against TUMF Obligation. The DEVELOPER is aware of and accepts the fact that Credits are speculative and conceptual in nature. The actual amount of Credit that shall be applied by the AGENCIES to offset the TUMF Obligation shall be equal to the lesser of: (A) the Verified Costs or (B) Unit Cost Assumptions for the TUMF Improvements as determined in accordance with Section 14.3 of this Agreement (“Actual Credit”).

No Actual Credit will be awarded until the Verified Costs are determined through the reconciliation process. Please be advised that while a DEVELOPER may use an engineer’s estimates in order to estimate Credits for project planning purposes, the Actual Credit awarded will only be determined by the reconciliation process.
(a) TUMF Balance. If the dollar amount of the Actual Credit is less than the dollar amount of the TUMF Obligation, the MENIFEE or PERRIS, as applicable, Public Works Director shall provide written notice to DEVELOPER of the amount of the difference owed (“TUMF Balance”) and DEVELOPER shall pay the TUMF Balance in accordance with Ordinance 2025-406 to fully satisfy the TUMF Obligation (see Exhibit “F” - Example “A”).

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 15
Menifee Mayor and City Council
July 15, 2026
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(b) TUMF Reimbursement. If the dollar amount of the Actual Credit exceeds the TUMF Obligation, DEVELOPER will be deemed to have fully satisfied the TUMF Obligation for the Project and may apply for a reimbursement agreement, to the extent applicable, as provided in Section 14.6 of this Agreement. the AGENCIES shall provide DEVELOPER written notice of the determinations that the AGENCIES make pursuant to this section (see Exhibit “F” - Example “B”).
(c) TUMF Overpayment. If the dollar amount of the Actual Credit exceeds the Estimated Credit, but is less than the TUMF Obligation, but the Actual Credit plus additional monies collected by MENIFEE from DEVELOPER for the TUMF Obligation exceed the TUMF Obligation (“TUMF Overpayment”), DEVELOPER will be deemed to have fully satisfied the TUMF Obligation for the Project and may be entitled to a refund. MENIFEE or PERRIS’S Public Works Director, as applicable, shall provide written notice to WRCOG and DEVELOPER of the amount of the TUMF Overpayment and the AGENCIES shall direct WRCOG to refund the DEVELOPER in accordance with Ordinance 2025-406 (see Exhibit “F” - Example C).

14.6 Reimbursement Agreement. If authorized under either Section 14.3 or Section 14.5 DEVELOPER may apply to the AGENCIES and WRCOG for a reimbursement agreement for the amount by which the Actual Credit exceeds the TUMF Obligation, as determined pursuant to Section 14.3 of this Agreement, Ordinance No. 2025-406, and the TUMF Administrative Plan adopted by WRCOG (“Reimbursement Agreement”). If MENIFEE and WRCOG agree to a Reimbursement Agreement with DEVELOPER, the Reimbursement Agreement shall be executed on the form set forth in Exhibit “D,” and shall contain the terms and conditions set forth therein.

The Parties agree that the Reimbursement Agreement shall be subject to all terms and conditions of this Agreement, and that upon execution, an executed copy of the Reimbursement Agreement shall be attached hereto and shall be incorporated herein as a material part of this Agreement as though fully set forth herein.

15.0 Miscellaneous.

15.1 Assignment. DEVELOPER may, as set forth herein, assign all or a portion of its rights pursuant to this Agreement to a purchaser of a portion or portions of the Property (“Assignment“). DEVELOPER and such purchaser and assignee ("Assignee") shall provide to the AGENCIES such reasonable proof as it may require that Assignee is the purchaser of such portions of the Property. Any assignment pursuant to this Section shall not be effective unless and until DEVELOPER and Assignee have executed an assignment agreement with AGENCY in a form reasonably acceptable to the AGENCIES, whereby DEVELOPER and Assignee agree, except as may be otherwise specifically provided therein, to the following: (1) that Assignee shall receive all or a portion of DEVELOPER'S rights pursuant to this Agreement, including such credit as is determined to be applicable to the portion of the Property purchased by Assignee pursuant to Section 14.0 et seq. of this Agreement, and (2) that Assignee shall be bound by all applicable provisions of this Agreement.

15.2 Relationship Between the Parties. The Parties hereby mutually agree that this Agreement shall not operate to create the relationship of partnership, joint venture, or agency between or among the AGENCIES, WRCOG and DEVELOPER. DEVELOPER’S contractors Item Title: 10.15
Agreement

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LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
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July 15, 2026
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are exclusively and solely under the control and dominion of DEVELOPER. Nothing herein shall be deemed to make DEVELOPER or its contractors an agent or contractor of the AGENCIES.

This Agreement shall be interpreted and administered in a manner consistent with the TUMF Administrative Plan in effect at the time this Agreement is executed.

15.3 Warranty as to Property Ownership; Authority to Enter Agreement. DEVELOPER hereby warrants that it owns fee title to the Property and that it has the legal capacity to enter into this Agreement. Each Party warrants that the individuals who have signed this Agreement have the legal power, right, and authority make this Agreement and bind each respective Party.

15.4 Prohibited Interests. DEVELOPER warrants that it has not employed or retained any company or person, other than a bona fide employee working solely for DEVELOPER, to solicit or secure this Agreement. DEVELOPER also warrants that it has not paid or agreed to pay any company or person, other than a bona fide employee working solely for DEVELOPER, any fee, commission, percentage, brokerage fee, gift, or other consideration contingent upon the making of this Agreement. For breach of this warranty, AGENCY shall have the right to rescind this Agreement without liability.

15.5 Notices. All notices, demands, invoices, and written communications shall be in writing and delivered to the following addresses or such other addresses as the Parties may designate by written notice:

To the AGENCIES: City of Menifee
Attn: Public Works Director
29844 Haun Road
Menifee, CA 92586
Telephone: (951) 672-6777

City of Perris
Attn: Public Works Director
101 N. D Street
Perris, CA 92570
Telephone: (951) 943-6100

To WRCOG: Western Riverside Council of Governments
3390 University Avenue, Suite 200
Riverside, CA 92501
Attention: Executive Director
Telephone: (951) 405-6700
Fax No. (951) 223-9720

To DEVELOPER: Core5 Industrial Partners, LLC
Attn: Jon Kelly
300 Spectrum Center Drive, Suite 880
Irvine, CA 92618
Telephone: (949) 467-3290
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 17
Menifee Mayor and City Council
July 15, 2026
Page
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Depending upon the method of transmittal, notice shall be deemed received as follows: by facsimile, as of the date and time sent; by messenger, as of the date delivered; and by U.S. Mail first class postage prepaid, as of 72 hours after deposit in the U.S. Mail.

15.6 Cooperation; Further Acts. The Parties shall fully cooperate with one another, and shall take any additional acts or sign any additional documents as may be necessary, appropriate, or convenient to attain the purposes of this Agreement.

15.7 Construction; References; Captions. It being agreed the Parties or their agents have participated in the preparation of this Agreement, the language of this Agreement shall be construed simply, according to its fair meaning, and not strictly for or against any Party. Any term referencing time, days, or period for performance shall be deemed calendar days and not work days. All references to DEVELOPER include all personnel, employees, agents, and contractors of DEVELOPER, except as otherwise specified in this Agreement. All references to the AGENCIES include their elected officials, officers, employees, agents, and volunteers except as otherwise specified in this Agreement. The captions of the various articles and paragraphs are for convenience and ease of reference only, and do not define, limit, augment, or describe the scope, content, or intent of this Agreement.

15.8 Amendment; Modification. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing and signed by all Parties.

15.9 Termination. This Agreement shall terminate 10 years after the Effective Date, unless extended in writing by the Parties. In addition, this Agreement shall terminate 5 years after the Effective Date in the event that the TUMF Improvements as specified in the Credit Agreement is not commenced within 5 years of the Effective Date.

15.9.1 Waiver. No waiver of any default shall constitute a waiver of any other default or breach, whether of the same or other covenant or condition. No waiver, benefit, privilege, or service voluntarily given or performed by a Party shall give the other Party any contractual right by custom, estoppel, or otherwise.

15.9.2 Binding Effect. Each and all of the covenants and conditions shall be binding on and shall inure to the benefit of the Parties, and their successors, heirs, personal representatives, or assigns. This section shall not be construed as an authorization for any Party to assign any right or obligation.

15.9.3 No Third-Party Beneficiaries. There are no intended third-party beneficiaries of any right or obligation assumed by the Parties.

15.9.4 Invalidity; Severability. If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 18
Menifee Mayor and City Council
July 15, 2026
Page
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15.9.5 Consent to Jurisdiction and Venue. This Agreement shall be construed in accordance with and governed by the laws of the State of California. Any legal action or proceeding brought to interpret or enforce this Agreement, or which in any way arises out of the Parties’ activities undertaken pursuant to this Agreement, shall be filed and prosecuted in the appropriate California State Court in the County of Riverside, California. Each Party waives the benefit of any provision of state or federal law providing for a change of venue to any other court or jurisdiction including, without limitation, a change of venue based on the fact that a governmental entity is a party to the action or proceeding, or that a federal right or question is involved or alleged to be involved in the action or proceeding. Without limiting the generality of the foregoing waiver, DEVELOPER expressly waives any right to have venue transferred pursuant to California Code of Civil Procedure Section 394.

15.9.6 Time is of the Essence. Time is of the essence in this Agreement, and the Parties agree to execute all documents and proceed with due diligence to complete all covenants and conditions.

15.9.7 Counterparts. This Agreement may be signed in counterparts, each of which shall constitute an original and which collectively shall constitute one instrument.

15.9.8 Entire Agreement. This Agreement contains the entire agreement between AGENCY and DEVELOPER and supersedes any prior oral or written statements or agreements between AGENCY and DEVELOPER.
[SIGNATURES OF PARTIES ON NEXT PAGE]
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 19
Menifee Mayor and City Council
July 15, 2026
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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first above written.

DEVELOPER:

CORE5 INDUSTRIAL PARTNERS, LLC,
a Delaware limited liability company

By: ______________________________
Its:_______________________________

WESTERN RIVERSIDE COUNCIL OF
GOVERNMENT:

By: ______________________________________
Its: Executive Director-_______________________
APPROVED TO FORM:

By: ________________________________
Its: ________________________________

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 20
Menifee Mayor and City Council
July 15, 2026
Page
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AGENCY:

CITY OF MENIFEE

By: ______________________________________
Its: _____________________________________
ATTEST:

By: ________________________________
Its: ________________________________

AGENCY:

CITY OF PERRIS

By: ______________________________________
Its: _____________________________________
ATTEST:

By: ________________________________
Its: ________________________________

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 21
Menifee Mayor and City Council
July 15, 2026
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EXHIBIT “A”

LEGAL DESCRIPTION OF PROPERTY

[ATTACH BEHIND THIS PAGE]

Item Title: 10.15
Agreement

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Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 22
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July 15, 2026
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LEGAL DESCRIPTION

Real property in the City of Menifee, County of Riverside, State of California, described as Assessor Parcel Numbers:

Parcel Map No. 38156
APNs:
331-140-010
331-140-018
331-140-021
331-140-025
Parcel Map No. 38432
APNs:
331-150-036
331-150-037
331-150-039
331-150-040
331-150-041
331-150-042
331-150-044
331-150-045
Parcel Map No. 39292
APNs:
331-110-023
331-110-024
331-110-025
331-110-026
331-110-031
331-110-038
331-110-039
331-110-041

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 23
Menifee Mayor and City Council
July 15, 2026
Page
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EXHIBIT B-1
20323.00004\30163105.4
EXHIBIT “B”

FORMS FOR SECURITY

[ATTACHED BEHIND THIS PAGE]

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 24
Menifee Mayor and City Council
July 15, 2026
Page
304 of 3153

20323.00004\30163105.3
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EXHIBIT B-2
20323.00004\30163105.4
BOND NO. ___________________
INITIAL PREMIUM: ___________________

SUBJECT TO RENEWAL

PERFORMANCE BOND
WHEREAS, the [INSERT “City” OR “County“] of ___________ (“AGENCY”) has executed an agreement with ________________________________________________ (hereinafter “DEVELOPER”), requiring DEVELOPER to perform certain work consisting of but not limited to, furnishing all labor, materials, tools, equipment, services, and incidentals for the construction of street and transportation system improvements (hereinafter the “Work”); WHEREAS, the Work to be performed by DEVELOPER is more particularly set forth in that certain TUMF Improvement and Credit/Reimbursement Agreement dated ___________________________, (hereinafter the “Agreement”); and WHEREAS, the Agreement is hereby referred to and incorporated herein by this reference; and
WHEREAS, DEVELOPER or its contractor is required by the Agreement to provide a good and sufficient bond for performance of the Agreement, and to guarantee and warranty the Work constructed thereunder.

NOW, THEREFORE, we the undersigned, ______________________________, as Principal and __________________________________, a corporation organized and existing under the laws of the State of _________________________ and duly authorized to transact business under the laws of the State of California, as Surety, are held and firmly bound unto the AGENCY in the sum of _________________________________________________ ($______________), said sum being not less than one hundred percent (100%) of the total cost of the Work as set forth in the Agreement, we bind ourselves, our heirs, executors and administrators, successors and assigns, jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION is such, that if DEVELOPER and its contractors, or their heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions, agreements, guarantees, and warranties in the Agreement and any alteration thereof made as therein provided, to be kept and performed at the time and in the manner therein specified and in all respects according to their intent and meaning, and to indemnify and save harmless AGENCY, its officers, employees, and agents, as stipulated in the Agreement, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect.

As part of the obligation secured hereby, and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney’s fees, incurred by AGENCY in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered.

The said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration or additions to the terms of the said Agreement or to the Work to be performed Item Title: 10.15
Agreement

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5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 25
Menifee Mayor and City Council
July 15, 2026
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EXHIBIT B-3
20323.00004\30163105.4
thereunder or the specification accompanying the same shall in any way affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Agreement or to the Work.

IN WITNESS WHEREOF, we have hereto set our hands and seals this ____ day on _____________________, 20__.
________________________________
Principal
By: ___________________________
President

________________________________
Surety
By: ___________________________
Attorney-in-Fact
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 26
Menifee Mayor and City Council
July 15, 2026
Page
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EXHIBIT B-4
20323.00004\30163105.4
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE §1189

STATE OF CALIFORNIA )

COUNTY OF )
On , before me,
, Date Here Insert Name and Title of the Officer
personally appeared , Name(s) of Signer(s)
who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature
Signa
ture of Notary Public

Place Notary Seal Above
____________________________________OPTIONAL____________________________________ Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document.

Description of Attached Document
Title of Type of Document: Document Date:

Number of Pages: Signer(s) Other Than Named Above:

Capacity(ies) Claimed by Signer(s)
Signer’s Name:

Corporate Officer – Title(s):

Partner - LimitedGeneral
 Individual Attorney in Fact
 Trustee Guardian or Conservator
Signer’s Name:

Corporate Officer – Title(s):

Partner - LimitedGeneral
 Individual Attorney in Fact
 Trustee Guardian or Conservator
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document, to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

Item Title: 10.15
Agreement

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Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 27
Menifee Mayor and City Council
July 15, 2026
Page
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EXHIBIT B-5
20323.00004\30163105.4

CERTIFICATE AS TO CORPORATE PRINCIPAL
I, _____________________________, certify that I am the ________________ Secretary of the corporation named as principal in the attached bond, that _____________________________________ who signed the said bond on behalf of the principal was then ____________________________________ of said corporation; that I know his signature, and his signature thereto is genuine; and that said bond was duly signed, sealed and attested for and in behalf of said corporation by authority of its governing Board. (Corporate Seal) _________________________________
Signature
_____________________
Date
NOTE: A copy of the power of attorney to local representatives of the bonding company may be attached hereto.
Other:

Signer is Representing:

Other:

Signer is Representing:

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 28
Menifee Mayor and City Council
July 15, 2026
Page
308 of 3153

20323.00004\30163105.3
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EXHIBIT B-6
20323.00004\30163105.4
BOND NO. ___________________
INITIAL PREMIUM: ___________________

SUBJECT TO RENEWAL

LABOR & MATERIAL BOND
WHEREAS, the [INSERT “City” OR “County”] of ___________ (“AGENCY”) has executed an agreement with _____________________________________ (hereinafter “DEVELOPER”), requiring DEVELOPER to perform certain work consisting of but not limited to, furnishing all labor, materials, tools, equipment, services, and incidentals for the construction of street and transportation system improvements (hereinafter “Work”); WHEREAS, the Work to be performed by DEVELOPER is more particularly set forth in that certain Improvement and Credit / Reimbursement Agreement dated ___________________________, (hereinafter the “Agreement”); and WHEREAS, DEVELOPER or its contractor is required to furnish a bond in connection with the Agreement providing that if DEVELOPER or any of his or its contractors shall fail to pay for any materials, provisions, or other supplies, or terms used in, upon, for or about the performance of the Work contracted to be done, or for any work or labor done thereon of any kind, or for amounts due under the provisions of 3248 of the California Civil Code, with respect to such work or labor, that the Surety on this bond will pay the same together with a reasonable attorney’s fee in case suit is brought on the bond.

NOW, THEREFORE, we the undersigned, ______________________________, as Principal and ____________________________________, a corporation organized and existing under the laws of the State of _________________________ and duly authorized to transact business under the laws of the State of California, as Surety, are held and firmly bound unto the AGENCY and to any and all material men, persons, companies or corporations furnishing materials, provisions, and other supplies used in, upon, for or about the performance of the said Work, and all persons, companies or corporations renting or hiring teams, or implements or machinery, for or contributing to said Work to be done, and all persons performing work or labor upon the same and all persons supplying both work and materials as aforesaid, the sum of ____________________________________________________________ ($_______________), said sum being not less than 100% of the total amount payable by DEVELOPER under the terms of the Agreement, for which payment well and truly to be made, we bind ourselves, our heirs, executors and administrators, successors and assigns jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION IS SUCH that if DEVELOPER or its contractors, or their heirs, executors, administrators, successors, or assigns, shall fail to pay for any materials, provisions, or other supplies or machinery used in, upon, for or about the performance of the Work contracted to be done, or for work or labor thereon of any kind, or fail to pay any of the persons named in California Civil Code Section 9100, or amounts due under the Unemployment Insurance Code with respect to work or labor performed by any such claimant, or for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of the contractor and his subcontractors pursuant to Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 29
Menifee Mayor and City Council
July 15, 2026
Page
309 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

EXHIBIT B-7
20323.00004\30163105.4
Section 13020 of the Unemployment Insurance Code with respect to such work and labor, and all other applicable laws of the State of California and rules and regulations of its agencies, then said Surety will pay the same in or to an amount not exceeding the sum specified herein.

In case legal action is required to enforce the provisions of this bond, the prevailing party shall be entitled to recover reasonable attorneys’ fees in addition to court costs, necessary disbursements and other consequential damages. In addition to the provisions hereinabove, it is agreed that this bond will inure to the benefit of any and all persons, companies and corporations entitled to make claims under Sections 8024, 8400, 8402, 8404, 8430, 9100 of the California Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond.

The said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration or additions to the terms of the Agreement or to the Work to be performed thereunder or the specification accompanying the same shall in any way affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Agreement or to the Work.

IN WITNESS WHEREOF, we have hereto set our hands and seals this ____ day on _____________________, 20__.
________________________________
Principal
By: ___________________________
President

________________________________
Surety
By: ___________________________
Attorney-in-Fact
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 30
Menifee Mayor and City Council
July 15, 2026
Page
310 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

EXHIBIT B-8
20323.00004\30163105.4
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT CIVIL CODE §1189

STATE OF CALIFORNIA )

I certify under PENALTY OF PERJURY under the laws
of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature
Signa
ture of Notary Public

Description of Attached Document
Title of Type of Document: Document Date:

Number of Pages: Signer(s) Other Than Named Above:

Capacity(ies) Claimed by Signer(s)
Signer’s Name:

Corporate Officer – Title(s):

Partner - LimitedGeneral
 Individual Attorney in Fact
 Trustee Guardian or Conservator
Signer’s Name:

Corporate Officer – Title(s):

Partner - LimitedGeneral
 Individual Attorney in Fact
 Trustee Guardian or Conservator
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 31
Menifee Mayor and City Council
July 15, 2026
Page
311 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

EXHIBIT B-9
20323.00004\30163105.4

Signer is Representing:

Other:

Signer is Representing:

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 32
Menifee Mayor and City Council
July 15, 2026
Page
312 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 33
Menifee Mayor and City Council
July 15, 2026
Page
313 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 34
Menifee Mayor and City Council
July 15, 2026
Page
314 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 35
Menifee Mayor and City Council
July 15, 2026
Page
315 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 36
Menifee Mayor and City Council
July 15, 2026
Page
316 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 37
Menifee Mayor and City Council
July 15, 2026
Page
317 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 38
Menifee Mayor and City Council
July 15, 2026
Page
318 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 39
Menifee Mayor and City Council
July 15, 2026
Page
319 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 40
Menifee Mayor and City Council
July 15, 2026
Page
320 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 41
Menifee Mayor and City Council
July 15, 2026
Page
321 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 42
Menifee Mayor and City Council
July 15, 2026
Page
322 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 43
Menifee Mayor and City Council
July 15, 2026
Page
323 of 3153

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 44
Menifee Mayor and City Council
July 15, 2026
Page
324 of 3153

PARCEL MAP OR TRACT MAP NO. PM38156 DATE: 7/30/2025
IP:

IMPROVEMENTS
Street/Drainage $ 2,638,773.94 $ $
*Flood Control $ 0.00 $ $
Dom Wtr EMWD $ 0.00 $ $
Rec Wtr EMWD $ 0.00 $ $
Sewer EMWD $ 0.00 T $ $
Total 2,638,773.94 $ $
Warranty Retention (10%) $
Construction items and their quantities, as shown on the attached sheets, are accurate for the improvements required to construct the above project and the mathmatical extensions, using City's unit costs, are accurate for determining bonding costs
Above amounts do G do not G include additional 20% for recordation prior to having signed plans (Ordinance460, Section 10.3E).

Signature Date
Joshua Lesinski C92605 9/30/2025
Name Typed or printed RCE# Exp. Date
Civil Engineer's Stamp
*Flood Control Construction Cost Estimate to be provided by Flood Control District. Provide a copy of Flood Control District letter stating cost estmate.

1. Quantities are to be taken from the Improvement Plans. Unit cost are to be as provided on "City of Menifee Improvement Requirement Worksheet."

2. Show Performance Bond Amounts to the nearest $500.00. Material and Labor Bond Amounts are 50% of Performance Bond Amountss. **100% for Flood Control items.

3. For Construction items not covered by "The City of Menifee Improvement Requirements Worksheet", Design Engineer is to provide his opinion of construction cost and use that cost. If City of Menifee Unit Costs are determined to be too low, in the opinion of the design engineer, the higher costs as provided by the Design Engineer should be used.
24-024S

CITY OF MENIFEE ENGINEERING DEPARTMENT

CONSTRUCTION COST WORKSHEET

ETHANAC ROAD IMPROVEMENTS
Menifee Commerce Center, ENG2023-013

FAITHFUL PERFORMANCE MATERIAL & LABOR

SECURITY SECURITY
(100% of Estimated (**100% of Estimated
Construction Costs) Construction Costs)
2,639,000.00 2,639,000.00

0.00 0.00

0.00 0.00
2,639,000.00 2,639,000.00
263,900.00

DESIGN ENGINEER'S CALCULATION OF IMPROVEMENT BONDING COSTS *** PLEASE READ INSTRUCTIONS BELOW ***
7/31/25
IP24-024S
Approved for Bonding
CR 8/1/2025
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 45
Menifee Mayor and City Council
July 15, 2026
Page
325 of 3153

CITY OF MENIFEE ENGINEERING DEPARTMENT

IMPROVEMENT REQUIREMENT WORKSHEET

STREET AND DRAINAGE IMPROVEMENTS

UNIT
ROADWAY SECTION 1 Area = S.F.

TON $ 90.00 $ 510,300.00
Thickness in Feet (0.33' min.) =
C.Y. $ 50.00 $ 187,500.00
Thickness in Feet =
ROADWAY SECTION 2 Area = S.F.

TON $ 90.00 $ 18,900.00
Thickness in Feet (0.33' min.) =
C.Y. $ 50.00 $ 0.00
Thickness in Feet =
Ton $ 600.00 $ 0.00
ROADWAY SECTION 3 Area = S.F.

TON $ 90.00 $ 107,100.00
Thickness in Feet (0.33' min.) =
C.Y. $ 50.00 $ 48,500.00
Thickness in Feet =
L.F. $ 1.00 $ 1,395.00
S.Y. $ 0.60 $ 629.40
S.Y. $ 8.00 $ 95,120.00
EA. $ 250.00 $ 3,250.00
S.F. $ 0.90 $ 5,665.50
L.F. $ 16.00 $ 9,360.00
L.F. $ 15.00 $ 14,925.00
L.F. $ 10.00 $ 14,100.00
S.F. $ 10.00 $ 11,050.00
S.F. $ 8.00 $ 43,400.00
2 EA. $ 1,500.00 3,000.00
EA. $ 1,500.00 $ 4,500.00
L.F. $ 35.00 $ 9,975.00
L.F. $ 12.00 $ 24,240.00
EA. $ 10,000.00 $ 130,000.00
EA. $ 150.00 $ 2,400.00
EA. $ 400.00 $ 1,200.00
S.F $ 2.50 $ 2,500.00
L.F. $ 0.52 $ 2,314.00
L.F. $ 0.47 $ 1,865.90
L.F. $ 0.83 $ 415.00
L.F. $ 0.78 $ 858.00
L.F. $ 0.97 $ 455.90
L.F. $ 2.83 $ 6,395.80
S.F $ 3.61 $ 4,057.64
S.F. $ 3.00 $ 5,745.00
EA. $ 50.00 $ 400.00
EA. $ 100.00 $ 200.00
970

0.58 1,190
0 -

0.25 210
1,395

0.92 11,890
1,049
585
1,410
995
6,295
13 2,020
5,425
1,105
3 16
13 3
285
1,000
500
3,970
470
1,100
4,450
1,124
2,260
2 8
1,915

ITEM QUANTITY UNIT AMOUNT
COST
Asphalt Concrete (144 lbs/cu.ft)
Agg Base Class II

0.75 3,750

0.58 5,670
Asphalt Concrete (144 lbs/cu.ft)
Agg Base Class II
Asphalt Emulsion (Fog Seal/Paint Binder)
(1 ton = 240 gals)
-
Asphalt Concrete (144 lbs/cu.ft)
Agg Base Class II
Grinding A.C. , in place
Remove A.C. Pavement
Sawcut Exist. A.C. Pavement
Relocate Mailbox
AC overlay (min. 0.10')
Type "D" Curb (Median)
A.C. Dike (8")(incl. material & labor)
Curb and Gutter (Type A-8)
P.C.C. Cross Gutter and Spandrels
P.C.C. Driveway Approach
Relocate Fence
Metal Beam Guard Railing
ADA Access Ramp Type I (w/ new construction)
Adjust MH to Grade ( if no sewer plan )
Relocate Power Pole
Adjust Water Valve to Grade ( if no water plan )
ADA Access Ramp Type II (w/ new construction)

SIGNING, STRIPING AND SIGNALS
Remove Painted Traffic Stripes and Markings
4" Thermoplastic Solid Stripes
8" Thermoplastic Channelizing Line
12" Thermoplastic Crosswalk & Limit Line
4" Thermoplastic Broken Stripes
4" Thermoplastic Double Solid Stripes
Thermoplastic Cross Walk and Pavement Marking
Remove, Sign, Salvage
Relocate Roadside Sign
Thermoplastic Two-Way Left Turn Lane
Thermoplastic Pavement Markings
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 46
Menifee Mayor and City Council
July 15, 2026
Page
326 of 3153

EA. $ 150.00 $ 5,700.00
EA. $ 3.75 $ 5,625.00
LS $ 250,000.00 $ 500,000.00
LS $ 100,000.00 $ 100,000.00
EA $ 500.00 $ 10,500.00
LS $ 75,000.00 $ 75,000.00
LS $ 8,000.00 $ 8,000.00
LS $ 40,000.00 $ 40,000.00
LS $ 30,000.00 $ 30,000.00
LS $ 15,000.00 $ 15,000.00
A. $ 2,061,542.14
B. Administrative Contingency (20% x A) $ 412,308.43
C. CM - Inspection - LC (8%) $ 164,923.37
D Streets/Drainage Total (A + B) $ 2,638,773.94
38 1
21 2
1,500
Install Sign ( Strap and Saddle Bracket Method)
Pavement Marker, Reflective
New Traffic Signal & Lighting (Major Intersection)
Install Pull Box (#6)
Retrofit of Ex. Traffic Signal & Lighting
Subtotal
Design/submittals/review 1
Mobilization 1
Traffic Control 1
Traffic Signal Mod 1
Survey 1
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 47
Menifee Mayor and City Council
July 15, 2026
Page
327 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

EXHIBIT C-1
20323.00004\30163105.4
EXHIBIT “C”

DOCUMENTATION TO BE PROVIDED TO AGENCY BY DEVELOPER FOR

DETERMINATION OF VERIFIED COSTS
To assist AGENCY in determining the Verified Costs for a completed TUMF Improvement, DEVELOPER shall provide the following documents to AGENCY:

1. Plans, specifications and DEVELOPER’s civil engineer’s cost estimate;

2. If DEVELOPER is seeking Credit for such costs, documentation evidencing cost of any required environmental studies, preparation of designs, plans and specifications, required right of way acquisition, and other costs directly related to the development of the TUMF Improvement. Only actual, documented and reasonable costs directly related to the TUMF Improvement will be considered. Costs should be documented as specified below.

3. Costs claimed for right of way acquisition must be accompanied by an appraisal (no more than two years old at the time of acquisition) completed by an MAI appraiser, and documentation of transfer of such right of way to the AGENCY, or applicable public agency.

The appraisal must be approved by the AGENCY as valid and acceptable.

4. List of bidders from whom bids were requested;

5. Construction schedules and progress reports;

6. Contracts, insurance certificates and change orders with each contractor, consultant, service provider or vendor;

7. Invoices received from all contractors, consultants, service providers and vendors;

8. Canceled checks for payments made to contractors, consultants, service providers and vendors (copy both front and back of canceled checks);

9. Spreadsheet showing total costs incurred in and related to the construction of each TUMF Improvement and the check number for each item of cost and invoice;

10. Final lien releases from each contractor and vendor; and

11. Such further documentation as may be reasonably required by AGENCY to evidence the completion of construction and the payment of each item of cost and invoice.

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 48
Menifee Mayor and City Council
July 15, 2026
Page
328 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

EXHIBIT D-1
20323.00004\30163105.4
EXHIBIT “D”

REIMBURSEMENT AGREEMENT

TRANSPORTATION UNIFORM MITIGATION FEE PROGRAM
THIS REIMBURSEMENT AGREEMENT (“Agreement”) is entered into this ___ day of ___________________, 20___, by and between the [INSERT “City” OR “County”] of ___________, [**INSERT “a California municipal corporation” FOR CITY OR “a subdivision of the State of California” FOR COUNTY**] (“AGENCY”), the Western Riverside Council of Governments (“WRCOG”), a Joint Powers Agency and ________________________________, a California [**INSERT TYPE OF ENTITY - corporation, partnership, sole proprietorship or other legal entity**], with its principal place of business at [**ENTER ADDRESS**] (“DEVELOPER”). AGENCY and DEVELOPER are sometimes hereinafter referred to individually as “Party” and collectively as “Parties”.

RECITALS
WHEREAS, AGENCY, WRCOG and DEVELOPER are parties to an agreement dated ________________, 20___, entitled “Improvement and Credit Agreement - Transportation Uniform Mitigation Fee Program” (hereinafter “Credit Agreement”); WHEREAS, Sections 14.1 through 14.3 of the Credit Agreement provide that DEVELOPER is obligated to pay AGENCY the TUMF Obligation, as defined therein, but shall receive credit to offset the TUMF Obligation if DEVELOPER constructs and AGENCY accepts the TUMF Improvements in accordance with the Credit Agreement; WHEREAS, Section 14.5 of the Credit Agreement provides that if the dollar amount of the credit to which DEVELOPER is entitled under the Credit Agreement exceeds the dollar amount of the TUMF Obligation, DEVELOPER may apply to AGENCY and WRCOG for a reimbursement agreement for the amount by which the credit exceeds the TUMF Obligation; WHEREAS, Section 14.5 additionally provides that a reimbursement agreement executed pursuant to the Credit Agreement (i) shall be executed on the form attached to the Credit Agreement, (ii) shall contain the terms and conditions set forth therein, (iii) shall be subject to all terms and conditions of the Credit Agreement, and (iv) shall be attached upon execution to the Credit Agreement and incorporated therein as a material part of the Credit Agreement as though fully set forth therein; and
WHEREAS, AGENCY and WRCOG have consented to execute a reimbursement agreement with DEVELOPER pursuant to the Credit Agreement, (insert appropriate reference for city or county ), and the TUMF Administrative Plan adopted by WRCOG.

NOW, THEREFORE, for the purposes set forth herein, and for good and valuable consideration, the adequacy of which is hereby acknowledged, the Parties hereby agree as follows:

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 49
Menifee Mayor and City Council
July 15, 2026
Page
329 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

EXHIBIT D-2
20323.00004\30163105.4
TERMS

1.0 Incorporation of Recitals. The Parties hereby affirm the facts set forth in the Recitals above and agree to the incorporation of the Recitals as though fully set forth herein.

2.0 Effectiveness. This Agreement shall not be effective unless and until the Credit Agreement is effective and in full force in accordance with its terms.

3.0 Definitions. Terms not otherwise expressly defined in this Agreement, shall have the meaning and intent set forth in the Credit Agreement.

4.0 Amount of Reimbursement. Subject to the terms, conditions, and limitations set forth in this Agreement, the Parties hereby agree that DEVELOPER is entitled to receive the dollar amount by which the Actual Credit exceeds the dollar amount of the TUMF Obligation as determined pursuant to the Credit Agreement, (insert appropriate reference for city or county), and the TUMF Administrative Plan adopted by WRCOG (“Reimbursement”).The Reimbursement shall be subject to verification by WRCOG. AGENCY and DEVELOPER shall provide any and all documentation reasonably necessary for WRCOG to verify the amount of the Reimbursement. The Reimbursement shall be in an amount not exceeding [INSERT DOLLAR AMOUNT] (“Reimbursement Amount”). WRCOG shall, upon receipt and approval of information requested by WRCOG, shall be responsible for transmitting the Reimbursement Amount to the DEVELOPER. In no event shall the dollar amount of the Reimbursement exceed the difference between the dollar amount of all credit applied to offset the TUMF Obligation pursuant to Section

14.3, 14.4, and 14.5 of the Credit Agreement, and one hundred (100%) of the approved unit awarded, as such assumptions are identified and determined in the Nexus Study and the TUMF Administrative Plan adopted by WRCOG.

5.0 Payment of Reimbursement; Funding Contingency. The payment of the Reimbursement Amount shall be subject to the following conditions:

5.1 DEVELOPER shall have no right to receive payment of the Reimbursement unless and until (i) the TUMF Improvements are completed and accepted by AGENCY in accordance with the Credit Agreement, (ii) the TUMF Improvements are scheduled for funding pursuant to the five-year Transportation Improvement Program adopted annually by WRCOG, (iii) WRCOG has funds available and appropriated for payment of the Reimbursement amount.

5.2 DEVELOPER shall not be entitled to any interest or other cost adjustment for any delay between the time when the dollar amount of the Reimbursement is determined and the time when payment of the Reimbursement is made to DEVELOPER by WRCOG through AGENCY.

6.0 Affirmation of Credit Agreement. AGENCY and DEVELOPER represent and warrant to each other that there have been no written or oral modifications or amendments of the Credit Agreement, except by this Agreement. AGENCY and DEVELOPER ratify and reaffirm each and every one of their respective rights and obligations arising under the Credit Agreement. AGENCY and DEVELOPER represent and warrant that the Credit Agreement is currently an effective, valid, and binding obligation.

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 50
Menifee Mayor and City Council
July 15, 2026
Page
330 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

EXHIBIT D-3
20323.00004\30163105.4

7.0 Incorporation Into Credit Agreement. Upon execution of this Agreement, an executed original of this Agreement shall be attached as Exhibit “D” to the Credit Agreement and shall be incorporated therein as a material part of the Credit Agreement as though fully set forth therein.

8.0 Terms of Credit Agreement Controlling. Each Party hereby affirms that all provisions of the Credit Agreement are in full force and effect and shall govern the actions of the Parties under this Agreement as though fully set forth herein and made specifically applicable hereto, including without limitation, the following sections of the Credit Agreement: Sections 10.0 through 10.3, Section 12.0, Sections 13.0 through 13.7, Sections 14.0 through 14.6, and Sections 15.0 through

15.17. [SIGNATURES OF PARTIES ON NEXT PAGE]
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 51
Menifee Mayor and City Council
July 15, 2026
Page
331 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

EXHIBIT D-4
20323.00004\30163105.4
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first above written.
___________________________________
(“DEVELOPER”)
By: ______________________________________

Its: _______________________________________
ATTEST:

By: ________________________________
Its: ________________________________
[INSERT “City” OR “County”) of ___________
By: ______________________________________

Its: _______________________________________
ATTEST:

By: ________________________________
Its: ________________________________
Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 52
Menifee Mayor and City Council
July 15, 2026
Page
332 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

20323.00004\30163105.4
EXHIBIT “E”

TUMF CREDIT / REIMBURSEMENT ELIGIBILITY PROCESS

1. Prior to the construction of any TUMF Improvement, DEVELOPER shall follow the steps listed below:
(a) Prepare a separate bid package for the TUMF Improvements. (b) The plans, cost estimate, specifications and contract document shall require all contractors to pay prevailing wages and to comply with applicable provisions of the Labor Code, Government Code, and Public Contract Code relating to Public Works Projects. (c) Bids shall be obtained and processed in accordance with the formal public works bidding requirements of the AGENCY.
(d) The contract(s) for the construction of TUMF Improvements shall be awarded to the lowest responsible bidder(s) for the construction of such facilities in accordance with the AGENCY’s requirements and guidelines.
(e) Contractor(s) shall be required to provide proof of insurance coverage throughout the duration of the construction.

2. Prior to the determination and application of any Credit pursuant to a TUMF Improvement and Credit Agreement executed between AGENCY and DEVELOPER ("Agreement"), DEVELOPER shall provide the AGENCY and WRCOG with the following:
(a) Copies of all information listed under Item 1 above. (b) Surety Bond, Letter of Credit, or other form of security permitted under the Agreement and acceptable to the AGENCY and WRCOG, guaranteeing the construction of all applicable TUMF Improvements.

3. Prior to the AGENCY’s acceptance of any completed TUMF Improvement, and in order to initiate the construction cost verification process, the DEVELOPER shall comply with the requirements as set forth in Sections 7, 14.2 and 14.3 of the Agreement, and the following conditions shall also be satisfied:
(a) DEVELOPER shall have completed the construction of all TUMF Improvements in accordance with the approved Plans and Specifications. (b) DEVELOPER shall have satisfied the AGENCY’s inspection punch list. (c) After final inspection and approval of the completed TUMF Improvements, the AGENCY shall have provided the DEVELOPER a final inspection release letter.

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 53
Menifee Mayor and City Council
July 15, 2026
Page
333 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

20323.00004\30163105.4
(d) AGENCY shall have filed a Notice of Completion with respect to the TUMF Improvements pursuant to Section 3093 of the Civil Code with the County Recorder’s Office, and provided a copy of filed Notice of Completion to WRCOG. (e) DEVELOPER shall have provided AGENCY a copy of the As-Built plans for the TUMF Improvements.
(f) DEVELOPER shall have provided AGENCY copies of all permits or agreements that may have been required by various resource/regulatory agencies for construction, operation and maintenance of any TUMF Improvements. (g) DEVELOPER shall have submitted a documentation package to the AGENCY to determine the final cost of the TUMF Improvements, which shall include at a minimum, the following documents related to the TUMF Improvements:
(i) Plans, specifications, and DEVELOPER'S Civil Engineer’s cost estimates; or Engineer’s Report showing the cost estimates. (ii) If DEVELOPER is seeking Credit for such costs, documentation evidencing cost of any required environmental studies, preparation of designs, plans and specifications, required right of way acquisition, and other costs directly related to the development of the TUMF Improvements. Only actual, documented and reasonable costs directly related to the TUMF Improvements will be considered. Costs should be documented as specified below.
(iii) Costs claimed for right of way acquisition must be accompanied by an appraisal (no more than two years old at the time of acquisition) completed by an MAI appraiser, and documentation of transfer of such right of way to the AGENCY, or applicable public agency. The appraisal must be approved by the AGENCY as valid and acceptable. (iv) Contracts/agreements, insurance certificates and change orders with each vendor or contractor.
(v) Invoices from all contractors, consultants, service providers and vendors.
(vi) Copies of cancelled checks, front and back, for payments made to contractors, consultants, service providers and vendors. (vii) Final lien releases from each contractor and vendor (unconditional waiver and release).
(viii) Certified contract workers payroll for AGENCY verification of compliance with prevailing wages.
(ix) A total cost summary, in spreadsheet format (MS Excel is preferred) and on disk, showing a breakdown of the total costs incurred. The summary should include for each item claimed the check number, cost, invoice numbers, and name of payee. See Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 54
Menifee Mayor and City Council
July 15, 2026
Page
334 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

20323.00004\30163105.4
attached sample for details. [ATTACH SAMPLE, IF APPLICABLE; OTHERWISE DELETE

REFERENCE TO ATTACHED SAMPLE

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 55
Menifee Mayor and City Council
July 15, 2026
Page
335 of 3153

20323.00004\30163105.3
DRAFT 02/09/21

20323.00004\30163105.4
EXHIBIT “F”

RECONCILIATION

EXAMPLES

All examples are based on a single family residential development project of 200 dwelling units: 200 SF dwelling units @ $6,650 / dwelling unit = $1,330,000 in fees (TUMF Obligation) Example A: “TUMF BALANCE”
CREDIT
TUMF Obligation: $1,330,000
Estimated Credit: Bid ($1,500,000) or unit Cost Assumption ($1,600,000) whichever is less $1,500,000 Potential Reimbursement: ($170,000)

RECONCILIATION
TUMF Obligation: $1,330,000
Actual Credit: $1,200,000
TUMF Balance (Payment to TUMF): $130,000

Example B: “REIMBURSEMENT”
CREDIT
TUMF Obligation: $1,330,000
Estimated Credit: Bid ($1,500,000) or unit Cost Assumption ($1,600,000) whichever is less $1,500,000 Potential Reimbursement: ($170,000)

RECONCILIATION
TUMF Obligation: $1,330,000
Actual Credit: $1,500,000
Reimbursement Agreement with Developer (Based on Priority Ranking): ($170,000)

Example C: “TUMF OVERPAYMENT”
CREDIT
TUMF Obligation: $1,330,000
Estimated Credit: Bid ($1,200,000) or unit Cost Assumption ($1,500,000) whichever is less $1,200,000 Remaining TUMF Obligation: $130,000 Prorated Fee: $130,000 / 200 du = $650 / du

RECONCILIATION
Actual Credit: $1,300,000
TUMF payments from Developer ($650 per unit x 200 units) $130,000 Actual Credit plus TUMF Payment $1,430,000

TUMF Obligation: $1,330,000
Actual Credit plus TUMF Payment $1,430,000 TUMF Overpayment (Refund to Developer): ($100,000)

Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 56
Menifee Mayor and City Council
July 15, 2026
Page
336 of 3153

EXHIBIT "G"
Estimated TUMF Credit / Reimbursement Summary
Menifee Commerce Center I, LLC / Menifee Commerce Center II, LLC Parcel Map No. 38156, 38432, & 39292
List of Eligible Streets/Facilities under TUMF Network:

Ethanac Raod: I-215 to Antelope Road
TUMF Credit Cost Factors:

Paid TUMF (see next page for details) -$
Estimated TUMF Obligation (see next page for details) 4,698,174$ TUMF Cost Assumptions (see next page for details) 8,433,776$ TUMF Reimbursement:

Estimated TUMF Obligation 4,698,174$
Maximum Cost (Lesser of Bid Amount or Unit Cost Assumptions) 8,433,776$ Estimated TUMF Reimbursement (Cost exceeding Obligation amount) 3,735,601$ Note: The amounts shown in this Exhibit are subject to cost validation and reconciliation.

TUMF Improvement and Credit Agreement
PM Nos. 38156, 38432, 39292
Menifee Commerce Center I, LLC
Menifee Commerce Center Phase II, LLC
Heritage Valley Business Center Vernture, LLC EXHIBIT G-1 Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 57
Menifee Mayor and City Council
July 15, 2026
Page
337 of 3153

EXHIBIT "G"
Maximum TUMF Cost Assumptions
Menifee Commerce Center I, LLC / Menifee Commerce Center II, LLC Parcel Map No. 38156, 38432, & 39292

ESTIMATED TUMF OBLIGATION CALCULATION
TUMF Obligation
Bldg 1 SF
(PM No. 38156)
Bldg 2 SF
(PM No. 38432)
Bldg 3 SF
(PM No. 39292)
Total TUMF
Amount
High-Cub Warehouse/Distribution Center 1,046,539 1,138,638 829,000 Gross Floor Area (Less 200,000) 846,539 938,638 629,000 Multiplied by 0.52 440,200 488,092 327,080
Plus 200,000 = TUMF Assessed SF (2) 640,200 688,092 688,092 Total TUMF Fee Obligation (1) x (2) $1,491,667 $1,603,254 $1,603,254 $4,698,174

TUMF UNIT COST ASSUMPTION CALCULATION
TUMF Network Road Segment applicable to Proposed Improvements Cost Item Amount Ethanac Street (I-215 to Sherman)
Network Distance: * 0.52 Road Const $2,593,000
Existing Lanes: 2 ROW Cost $3,793,000
Increase in Lanes: 2 Planning (10%) $259,000
Engineering (25%) $648,000
Contingency (10%) $638,000
* Revised network length and total costs per Cameron Brown. Network Road Segment Cost Est * $7,931,000 Network Unit Cost per Lane mile $7,625,962
Network Unit Cost per Lane foot $1,444
Road Improvement Cost Estimate (based on Network Unit Cost per Lane foot) Lane Construction Limits (Sta. to Sta.) Total Linear Feet Segment Amount 1 76+39.45 100+00.00 2,360.55 $3,409,368 2 76+39.45 100+00.00 2,360.55 $3,409,368 TUMF Road Total 4,721.10 $6,818,736
TUMF Network Road Segment applicable to Proposed Improvements Cost Item Amount Ethanac Street (Sherman to Mathews)
Network Distance: 0.61 Road Const $1,388,000
Existing Lanes: 2 ROW Cost $601,000
Increase in Lanes: 2 Planning (10%) $139,000
Engineering (25%) $347,000
Contingency (10%) $199,000
Network Road Segment Cost Est $2,674,000
Network Unit Cost per Lane mile $2,191,803
Network Unit Cost per Lane foot $415
Road Improvement Cost Estimate (based on Network Unit Cost per Lane foot) Lane Construction Limits (Sta. to Sta.) Linear Feet Amount 1 100+00.00 122+50.59 (to Dawson) Estimate Only --> 2,250.59 $934,252 2 100+00.00 116+40.00 (End at Taper) Estimate Only --> 1,640.00 $680,787 TUMF Road Total 3,890.59 $1,615,039
TOTAL TUMF UNIT COST ASSUMPTION FOR ELIGIBLE IMPROVEMENTS $8,433,776 Fee per
SF (1)
$2.33
TUMF Improvement and Credit Agreement
PM Nos. 38156, 38432, 39292
Menifee Commerce Center I, LLC
Menifee Commerce Center Phase II, LLC
Heritage Valley Business Center Vernture, LLC Exhibit G-2 Item Title: 10.15
Agreement

with

Core

5 Industrial

Partners,

LLC

and

Western

Riverside

Council

Governments
for

Transportation

Uniform

Mitigation

Fee

Program

for

Menifee

Commerce

Center,

Motte
Business Center, and Heritage Valley Business Center
Item Page Number: 58
Menifee Mayor and City Council
July 15, 2026
Page
338 of 3153

CITY OF MENIFEE
SUBJECT: Bid Award and Agreement with Kimley-Horn and Associates, Inc. for LAFCO Application Support Services
MEETING DATE: July 15, 2026
TO: Mayor and City Council
PREPARED BY: Kori Jones, Senior Management Analyst
REVIEWED BY: Mariana Mitchell, Community Services Director APPROVED BY: Armando G. Villa, City Manager
-------------------------------------------------------------------------------------------------------------------------------

RECOMMENDED ACTION

1. Award bid and authorize the City Manager to execute a Professional Services Agreement with Kimley-Horn and Associates, Inc. for LAFCO application support services in a total not-to- exceed amount of $113,595 through December 31, 2027.

DISCUSSION
Unification of Menifee’s parks and recreation system has been identified as a priority in both the City’s Strategic Plan and Parks Master Plan. On October 1, 2025, the City Council received and discussed the Valley-Wide Annexation Feasibility Analysis and directed staff to pursue a phased annexation approach beginning with the Menifee Parks Landscape Maintenance District (LMD).

The Menifee Parks LMD was identified as the logical first phase because it lies entirely within the City of Menifee and includes approximately 65 acres of parkland across 12 parks, including Wheatfield Park, Wheatfield Community Center, the Menifee Gymnasium, and Lago Vista Sports Park. The district also includes approximately 28 acres of landscaped right-of-way and serves approximately 7,200 parcels. Unlike the Menifee North and Menifee South LMDs, which contain areas outside of the City limits, the Menifee Parks LMD is wholly contained within Menifee’s boundaries, making it the most straightforward district to evaluate as an initial annexation effort.

If approved, responsibility for the operation and maintenance of these parks, facilities, and landscape areas would transition from Valley-Wide Recreation and Park District (Valley-Wide) to the City.

While the Menifee Parks LMD presents a more streamlined annexation opportunity than the North and South districts, the process remains complex and requires coordination among multiple agencies as well as preparation of technical, financial, environmental, and service planning documents.

Item Title: 10.16
Bid

Award

and

Agreement

with

Kimley-Horn

and

Associates,

Inc.

for

LAFCO

Application

Support
Services
Item Page Number: 1
Menifee Mayor and City Council
July 15, 2026
Page
339 of 3153

City of Menifee Staff Report
Agreement with Kimley-Horn and Associates, Inc.

July 15, 2026

Page 2 of 3 ends

Menifee City CouncilJuly 15, 2026

Menifee City Council
July 15, 2026