AGENDA
CITY COUNCIL OF THE CITY OF MORENO VALLEY
MORENO VALLEY COMMUNITY SERVICES DISTRICT
CITY AS SUCCESSOR AGENCY FOR THE
COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MORENO VALLEY
MORENO VALLEY HOUSING AUTHORITY
MORENO VALLEY PUBLIC FINANCING AUTHORITY
BOARD OF LIBRARY TRUSTEES
November 21, 2023
REGULAR MEETING – 6:00 PM
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City Council Study Sessions
Second Tuesday of each month – 6:00 p.m.
City Council Meetings
Special Presentations – 5:30 P.M.
First & Third Tuesday of each month – 6:00 p.m.
City Council Closed Sessions
Will be scheduled as needed at 4:30 p.m.
City Hall Council Chamber – 14177 Frederick Street
Upon request, this agenda will be made available in appropriate alternative formats to persons with disabilities, in compliance with the Americans with Disabilities Act of 1990. Any person with a disability who re quires a modification or accommodation in order to participate in a meeting should direct such request to the ADA Coordinator, at 951.413.3 350 at least 72 hours before the meeting. The 72-hour notification will enable the City to make reasonable arrangements to ensure accessibility to this meeting.
Ulises Cabrera, Mayor
Edward A. Delgado, Mayor Pro Tem David Marquez, Council Member
Cheylynda Barnard, Council Member Elena Baca-Santa Cruz, Council Member ..
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AGENDA
CITY COUNCIL OF THE CITY OF MORENO VALLEY
November 21, 2023
CALL TO ORDER - 5:30 PM
SPECIAL PRESENTATIONS
1. HELEN PUTMAN AWARDS PRESENTATION - JESSE RAMIREZ - REGIONAL
PUBLIC AFFAIRS MANAGER OF THE LEAGUE OF CALIFORNIA CITIES
2. PROCLAMATION - NOVEMBER IS FAMILY COURT AWARENESS MONTH
RECIPIENT - ELANIE FARELL ON BEHALF OF FCAM
.
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.AGENDA
JOINT MEETING OF THE
CITY COUNCIL OF THE CITY OF MORENO VALLEY
MORENO VALLEY COMMUNITY SERVICES DISTRICT
CITY AS SUCCESSOR AGENCY FOR THE
COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF MORENO VALLEY
MORENO VALLEY HOUSING AUTHORITY
MORENO VALLEY PUBLIC FINANCING AUTHORITY
AND THE BOARD OF LIBRARY TRUSTEES
*THE CITY COUNCIL RECEIVES A SEPARATE STIPEND FOR CSD
MEETINGS*
REGULAR MEETING – 6:00 PM
NOVEMBER 21, 2023
CALL TO ORDER
Joint Meeting of the City Council, Community Services District, City as Successor Agency for the Community Redevelopment Agency, Housing Authority and the Board of Library Trustees - actions taken at the Joint Meeting are those of the Agency indicated on each Agenda item.
PLEDGE OF ALLEGIANCE
INVOCATION - PASTOR FESTUS ANWULI FROM CHRIST DOMINION MINISTRIES
INTERNATIONAL
ROLL CALL
INTRODUCTIONS
PUBLIC COMMENTS ON ANY SUBJECT NOT ON THE AGENDA UNDER THE
JURISDICTION OF THE CITY COUNCIL
PUBLIC COMMENTS ON ANY SUBJECT ON THE AGENDA UNDER THE
JURISDICTION OF THE CITY COUNCIL
JOINT CONSENT CALENDARS (SECTIONS A-E)
All items listed under the Consent Calendars, Sections A, B, C, D, and E are considered to be routine and non -controversial, and may be enacted by one motion unless a member of the City Council, Community Services District, City as Successor Agency for the Community Redevelopment Agency, Housing Authority or the Board of Library Trustees requests that an item be removed for separate action. The motion to adopt the Consent Calendars is deemed to be a separate motion by each Agency and shall be so recorded by the City Clerk. Items withdrawn for report or discussion will be heard after public hearing items.
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A. CONSENT CALENDAR-CITY COUNCIL
A.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
A.2. MINUTES - CITY COUNCIL - CLOSED SESSION -NOVEMBER 7, 2023 4:30 PM.
Recommendation:
1. Approve as submitted.
A.3. MINUTES - CITY COUNCIL - REGULAR MEETING - NOVEMBER 7, 2023 6:00 PM.
Recommendation:
1. Approve as submitted.
A.4. COUNCIL DISCRETIONARY EXP ENDITURE REPORTS FOR FISCAL YEAR 2 023/2024 FROM JULY 1, 2023 THROUGH September 30, 2023. (Report of: City Clerk)
Recommendation:
1. Receive and file the Fiscal Year 2023/2024 Council Discretionary Expenditure Report for July 1, 2023 through September 30, 2023.
A.5. COUNCIL TRAINING & TRAVEL EXPENDITURE REPORTS FOR FISCAL YEAR 2023-2024 (Report of: City Clerk)
Recommendation:
1. Receive and file the Training & Travel Authorization Forms for the month of October 2023.
A.6. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CA LIFORNIA, DECLARING PURSUANT TO CALIFORNIA
GOVERNMENT CODE § 54221 THAT THE REAL PROPERTY IDENTIFIED AS APNS 487 -470-030 AND 487 -470-031 (LOCATED AT THE NWC OF
ALESSANDRO BOULEVARD AND NASON STREET) IS SURPLUS LAND
AND NOT NECESSARY FOR THE CITY’S USE AT THIS TIME, FINDING
THAT SUCH DECLARATION IS EXEMPT FROM ENVIRONMENTAL
REVIEW UNDER THE CALIFORNIA ENVIRONMENTAL QUALITY ACT,
AND APPROVING CERTAIN RELATED ACTIONS (Report of: City Manager) -5-
Recommendation:
1. Adopt City Council Resolution No. 2023 -xx declaring pursuant to California Government Code § 54221 that the real property identified as APNs 487 -470-030 and 487 -470-031 (located at the NWC of Alessandro Boulevard and Nason Street) is surplus land and not necessary for the City’s use at this time, finding that such declaration is exempt from environmental review under the California Environmental Quality Act, and approving certain related actions.
A.7. AUTHORIZATION TO AWARD AGREEMENT FOR ON -SITE AND/OR
PROFESSIONAL SERVICES FOR CITYWIDE SHOPPING CAR T
RETRIEVAL SERVICES TO CART RETRIEVAL, INC. (AGMT. NO. 2023 - XXX) (Report of: Community Development)
Recommendations:
1. Approve and award an agreement with Cart Retrieval, Inc. to provide citywide shopping cart retrieval services not -to-exceed $365,000.00, and authorize the City Manager, or their designee, to execute the agreement, and any subsequent amendments, subject to the approval of the City Attorney, in accordance with approved budgets previously approved by Council during the adopted budget process.
2. Authorize the Purchasing Division Manager, or their designee, to approve a purchase order to Cart Re trieval, Inc. in a ccordance with approved terms of the Agreement.
3. Authorize the Chief Financial Officer , or their designee, to make any necessary budget adjustments as recommended in this report.
A.8. LIST OF PERSONNEL CHANGES (Report of: City Manager) Recommendation:
1. Ratify the list of personnel changes as described.
A.9. RECEIPT OF QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDED SEPTEMBER 30,2023 (Report of: Financial & Management Services)
Recommendation:
1. Receive and file the Quarterly Investment Report for qua rter ended September 30, 2023, in compliance with the City’s Investment Policy.
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A.10. ADOPTION OF RESOLUTION APPROVING THE ANNUAL ADJUSTMENT TO THE CITY USER FEE SCHEDULE – PARKS & COMMUNITY SERVICES FEES FOR 2024 (Report of: Parks & Community Services)
Recommendation: That the City Council:
1. Adopt Resolution 2023 -XX approving a CPI adjustment to the Parks and Community Services User Fees.
A.11. AUTHORIZE SUBMISSION OF GRANT APPLICATION TO CA STATE PARKS OUTDOOR EQUITY GRANTS PROGRAM (Report of: Parks & Community Services)
Recommendations: That the City Council and CSD:
1. Authorize the Executive Director or its Authorized Representative, Parks & Community Services Director, to submit a grant application to California Department of Parks and Recreation (DPR) Office of Grants and Local Services (OGALS) for the Outdoor Equity Grants Program (OEP); and
2. Adopt Resolution No. CSD 2023 -xx. A resolution of the Moreno Valley Community Services District of the City of Moreno Valley, California, approving submission of an application for the Outdoor Equity Grants Program Grant Funds and authorizing the Parks and Community Services Director to conduct all negotiations, sign and submit all documents, including, but not limited to applications, agreements, amendments, and payment requests, which may be necessary for the completion of the Grant Scope; and
3. If awarded, accept, and receive grant award fu nds fr om California Department of Parks and Recreation Outdoor Equity Grants Program; and
4. Authorize the Executive Director or designee to pro cess necessary agreements, budget adjustments and appropriations based on actual grant award funds received.
A.12. ADOPT A RESOLUTION OF THE CITY OF MORENO VALLEY APPROVING
THE ANNUAL ADJUSTMENT TO QUIMBY IN -LIEU FEES PURSUANT TO CHAPTER 3.40.110 OF THE MORENO VALLEY MUNICIPAL CODE (Report of: Parks & Community Services)
Recommendation:
1. Adopt Resolution No. 2023 -____, authorizing an adjustment to Quimby In-Lieu fees.
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A.13. APPROVE REPLACEMENT OF THREE POLICE MOTORCYCLES (Report of: Police Department)
Recommendation:
1. Authorize the purchase of three (3) 2024 BMW R 1250 RT -P police motorcycles and related emergency equipment totaling $116,165.97.
2. Authorize the transfer of $93,772.98 from the Equipment Replacement Fund 7510 to General Fund 1010 to add to the budgeted amount of $21,000 in General Fund Account 1010 -60-67-40210-660322 to use for the purchase of thre e (3 ) 2024 BMW R 1250 RT -P police motorcycles and related emergency equipment.
A.14. APPROVAL TO USE ASSET FORFEITURE FUNDS TO PURCHASE PORTABLE SECURITY EQUIPMENT (Report of: Police Department) Recommendation:
1. Authorize the Police Department to purchase portable security equipment and related services at a cost of $106,925 ($97,205 plus a 10% contingency of $9,720), and
2. Authorize a budget adjustment as set forth in the Fiscal Impact Section of this report.
B. CONSENT CALENDAR-COMMUNITY SERVICES DISTRICT
B.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
B.2. MINUTES - CITY COUNCIL - CLOSED SESSION - NOVEMBER 7, 2023 4:30 PM.
Recommendation:
1. Approve as submitted.
B.3. MINUTES - CITY COUNCIL - REGULAR MEETING - NOVEMBER 7, 2023 6:00 PM.
Recommendation:
1. Approve as submitted.
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C. CONSENT CALENDAR - HOUSING AUTHORITY
C.1. JOINT MEETING OF CITY COUNCIL AND HOU SING AUTHORITY RE A
PROPOSED PRELIMINARY AWARD LETTER THE CITY AND HOUSING
AUTHORITY PROVIDE CERTAIN COMMITMENTS TO LINWOOD ROSE,
L.P. OR ITS AFFILIATE, INCLUDING THE CITY’S COMMITMENT TO SELL CERTAIN REAL PROPERTY LOCATED AT 24108 AND 24124 FIR AVENUE
THEREBY PROVIDING SITE CONTROL AND AN ENFORCEABLE
FINANCIAL COMMITMENT TO ISSUE THE RESIDUAL RECEIPTS MOVAL
LOAN RELATING TO PROPOSED DEVELOPMENT OF THE LINWOOD
ROSE PROJECT, A 36 -UNIT AFFORDABLE HOUSING PROJECT (Report of: Financial & Management Services)
Recommendations:
1. Adopt City Council Resolution No. 2023 -xx approving the Preliminary Award Letter issued by the City and Housing Authority to Linwood Rose, L.P. or Affiliate for development of The Linwood Rose Affordable Housing Project, including authority for the City Manager in consultation with the City Attorney to execute and implement the Preliminary Award Letter.
2. Adopt Housing Authority Resolution No. HA 2023 -xx approving the Preliminary Award Letter issued by the City and Housing Authority to Linwood Rose, L.P or Affiliate for development of The Linwood Rose Affordable Housing Project, including authority for the Executive Director in consultation with General Counsel to execute and implement the Preliminary Award Letter.
C.2. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
C.3. MINUTES - CITY COUNCIL - CLOSED SESSION - NOVEMBER 7, 2023 4:30 PM.
Recommendation:
1. Approve as submitted.
C.4. MINUTES - CITY COUNCIL - REGULAR MEETING - NOVEMBER 7, 2023 6:00 PM.
Recommendation:
1. Approve as submitted.
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D. CONSENT CALENDAR - BOARD OF LIBRARY TRUSTEES
D.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
D.2. MINUTES - CITY COUNCIL - CLOSED SESSION - NOVEMBER 7, 2023 4:30 PM.
Recommendation:
1. Approve as submitted.
D.3. MINUTES - CITY COUNCIL - REGULAR MEETING - NOVEMBER 7, 2023 6:00 PM.
Recommendation:
1. Approve as submitted.
E. CONSENT CALENDAR - PUBLIC FINANCING AUTHORITY
E.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
E.2. MINUTES - CITY COUNCIL - CLOSED SESSION - NOVEMBER 7, 2023 4:30 PM.
Recommendation:
1. Approve as submitted.
E.3. MINUTES - CITY COUNCIL - REGULAR MEETING - NOVEMBER 7, 2023 6:00 PM.
Recommendation:
1. Approve as submitted.
F. PUBLIC HEARINGS
Questions or comments from the public on a Public Hearing matter are limited to five minutes per individual and must pertain to the subject under consideration.
Those wishing to speak should complete and submit a GOLDENROD speaker slip to the Sergeant-at-Arms.
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F.1. PUBLIC HEARING, SECOND READING, AND ADOPTION OF COUNTY ORDINANCE NUMBER 987 REGARDING UNLAWFUL POSSESSION OF
CATALYTIC CONVERTERS (ORD. NO. 1003) (Report of: City Manager) Recommendations: That the City Council:
1. CONDUCT a Public Hearing to receive public input on the proposed Ordinance adopting Riverside County Ordinance number 987 regarding unlawful possession of catalytic converters; and
2. CONDUCT a second reading by title only and adopt Ordinance No. 1003, amending Title 11 of the City of Moreno Vall ey Municipal Code, adding Chapter 11.97, adopting by reference Riverside County Ordinance No. 987.
F.2. PUBLIC HEARING ON THE ESTABLISHMENT OF COMMUNITY
FACILITIES DISTRICT 2023 -01 (PUBLIC SAFETY SERVICES); ACTIONS RELATED TO THE ESTABLISHMENT OF SAME; THE LEVY OF A SPECIAL TAX WITHIN SAME; AND THE ESTABLISHMENT OF A FUTURE
ANNEXATION AREA IN CONNECTION WITH SAME (RESO. NO. 2023 -XX, 2023-XX, 2023 -XX, ORD. NO. XX) (Report of: Financial & Management Services)
Recommendations: That the City Council:
1. Conduct the Public Hearing on the establishment of Community Facilities District No. 2023-01 (Public Safety Services).
2. Adopt Resolution No. 2023-XX, a Resolution of the City Council of the City of Moreno Valley, California, Establishing Community Facilities District No. 202 3-01 ( Public Safety Services ) and Calling a Special Election in Connection with said District.
3. Direct the City Clerk of the City of Moreno Valley to canvass the special election and report the results of the special election to the City Council.
4. Adopt Resolution No. 2023-XX, a Resolution of the City Council of the City of Moreno Valley, California, Dec laring the Results of an Election in Community Facilities District No. 2023-01 (Public Safety Services).
5. Introduce Ordinance No. XX, an Ordinance of the City Council of the City of Moreno Valley, California, Levying a Special Tax in Connection with Community Facilities District No. 2023-01 (Public Safety Services) and Taking Certain Related Actions.
6. Adopt Resolution No. 2023-XX, a Resolution of the City Council of the City of Moreno Valley, California, Declaring its Intention to Provide for -11-
Future Annexat ion of Territory to Community Facilities District No. 2023-01 (Public Safety Services).
G. ITEMS REMOVED FROM CONSENT CALENDARS FOR DISCUSSION OR
SEPARATE ACTION
H. GENERAL BUSINESS
H.1. REPORT ON EVALUATION OF POTENTIAL COMMERCIAL VEHICLE PARKING ON EUCALYPTUS AVENUE (Report of: Public Works)
Recommendation:
1. Authorize staff to review the north side o f Eucalyptus Avenue, west of Aldi Place, for Commercial Vehicle Parking.
I. REPORTS
I.1. CITY COUNCIL REPORTS
(Informational Oral Presentation - not for Council action) March Joint Powers Commission (JPC)
Riverside County Habitat Conservation Agency (RCHCA)
Riverside County Transportation Commission (RCTC)
Riverside Transit Agency (RTA)
Western Riverside Council of Governments (WRCOG)
Western Riverside County Regional Conservation Authority (RCA) School District/City Joint Task Force
I.2. EMPLOYEE ASSOCIATION REPORTS
I.3. CITY MANAGER'S REPORT
(Informational Oral Presentation - not for Council action)
CLOSING COMMENTS AND/OR REPORTS OF TH E CITY COUNCIL, COMMUNITY
SERVICES DISTRICT, CITY AS SUCCESSOR AGENCY FOR THE COMMUNITY
REDEVELOPMENT AGENCY, HOUSING AUTHORITY, PUBLIC FINANCING AUTHORITY, AND THE BOARD OF LIBRARY TRUSTEES.
ADJOURNMENT
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PUBLIC INSPECTION
The contents of the agenda packet are available for public inspection on the City’s website at www.moval.org and in the City Clerk’s office at 14177 Frederick Street during normal business hours.
Any written info rmation related to an open session agenda item that is known by the City to h ave been distributed to all or a majority of the City Council less than 72 hours prior to this meeting will be made available for public inspection on the City’s website at www.moval.org and in the City C lerk’s office at 14177 Frederick Street during normal business hours.
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CERTIFICATION
I, Jane Halstead , City Clerk of the City of Moreno Valley, California, certify that 72 hours prior to this Regular Meeting, the City Council Age nda was posted on the City’s website at: www.moval.org and in the following three public places pursuant to City of Moreno Valley Resolution No. 2007-40:
City Hall, City of Moreno Valley
14177 Frederick Street
Moreno Valley Library
25480 Alessandro Boulevard
Moreno Valley Senior/Community Center
25075 Fir Avenue
Jane Halstead, CMC
City Clerk
Date Posted: 11/16/23
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MINUTES
CITY COUNCIL OF THE CITY OF MORENO VALLEY
MORENO VALLEY COMMUNITY SERVICES DISTRICT
CITY AS SUCCESSOR AGENCY FOR THE
COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF MORENO VALLEY
MORENO VALLEY PUBLIC FINANCING AUTHORITY
MORENO VALLEY HOUSING AUTHORITY
CLOSED SESSION – 4:30 PM
November 7, 2023
CALL TO ORDER
The Closed Session of the City Council of the City of Moreno Valley, Moreno Valley Community Services District, City as Successor Agency for the Community Redevelopment Agency of the City of Mor eno Valley, Housing Authority, and the Moreno Valley Public Financing Authority was called to order at 4:31 p.m. by Mayor Cabrera in the Council Chamber located at 14177 Frederick Street, Moreno Valley, California.
Mayor Cabrera announced that the City C ouncil receives a separate stipend for CSD meetings.
ROLL CALL
Council:
Absent:
Ulises Cabrera
David Marquez
Cheylynda Barnard
Elena Baca-Santa Cruz
Ed Delgado
Mayor
Council Member
Council Member
Council Member
Mayor Pro Tem
Motion to excuse the absence of Mayor Pro Tem Delgado.
Motion moved by Mayor Cabrera and seconded by Council Member Marquez to excuse the absence of Mayor Pro Tem Delgado.
Motion passed by a vote of 3 -1, with Council Member Barnard, Council Member Marquez, and Mayor Cabrera voting yes, Council Member Baca-Santa Cruz voting no, and Mayor Pro Tem Delgado absent.
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Minutes Acceptance: Minutes of Nov 7, 2023 4:30 PM (CONSENT CALENDAR-CITY COUNCIL) -2-
RESULT: APPROVED [3 TO 1]
MOVER: Ulises Cabrera, Mayor
SECONDER: David Marquez, Council Member
AYES: Ulises Cabrera, David Marquez, Cheylynda Barnard
NAYS: Elena Baca-Santa Cruz
ABSENT: Ed Delgado
PUBLIC COMMENTS ON MATTERS ON THE AGENDA ONLY
Mayor Cabrera op ened the public comments portion of the meeting for items listed on the agenda only. There being no members of the public to come forward to speak, he closed the public comments.
CLOSED SESSION
City Attorney Steven Quintanilla announced that the City Council would recess to Closed Session to discuss the items as listed on the agenda and that he did anticipate reportable action.
A CONFERENCE WITH LEGAL COUNSEL POTENTIAL INITIATION OF
LITIGATION
Pursuant to Government Code Section 54956.9(d)(4)
Number of Potential Cases: 2
Mayor Cabrera recessed the City Council to the City Manager's Conference Room, second floor, City Hall, for their Closed Session at 4:33 p.m.
Mayor Cabrera reconvened the City Council in the Council Chamber from their Closed Session at 5:30 p.m.
REPORT OF ACTION FROM CLOSED SESSION, IF ANY, BY CITY ATTORNEY
City Attorney Steven Quintanilla announced that there was no reportable action taken in Closed Session.
ADJOURNMENT
There being no further business to come before the City C ouncil, Mayor Cabrera adjourned the meeting at 5:32 p.m.
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Minutes Acceptance: Minutes of Nov 7, 2023 4:30 PM (CONSENT CALENDAR-CITY COUNCIL) -3-
Submitted by:
___________________________
Jane Halstead, CMC
City Clerk
Secretary, Moreno Valley Community Services District
Secretary, City as Successor Agency for the Community
Redevelopment Agency of the City of Moreno Valley
Secretary, Moreno Valley Housing Authority
Secretary, Board of Library Trustees
Secretary, Public Financing Authority
Approved by:
___________________________
Ulises Cabrera
Mayor
City of Moreno Valley
President, Moreno Valley Community Services District
Chairperson, City as Successor Agency for the Community Redevelopment Agency of the City of Moreno Valley
Chairperson, Moreno Valley Housing Authority
Chairperson, Board of Library Trustees
Chairperson, Public Financing Authority
A.2
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Minutes Acceptance: Minutes of Nov 7, 2023 4:30 PM (CONSENT CALENDAR-CITY COUNCIL)
MINUTES
CITY COUNCIL REGULAR MEETING OF THE CITY OF MORENO VALLEY November 7, 2023
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CALL TO ORDER - 5:30 PM
SPECIAL PRESENTATIONS
1. NATIONAL ANIMAL SHELTER APPRECIATION WEEK - PROCLAMATION A.3
Packet Pg. 16
Minutes Acceptance: Minutes of Nov 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -2-
MINUTES
JOINT MEETING OF THE
CITY COUNCIL OF THE CITY OF MORENO VALLEY
MORENO VALLEY COMMUNITY SERVICES DISTRICT
CITY AS SUCCESSOR AGENCY FOR THE
COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF MORENO VALLEY
MORENO VALLEY HOUSING AUTHORITY
MORENO VALLEY PUBLIC FINANCING AUTHORITY
BOARD OF LIBRARY TRUSTEES
REGULAR MEETING – 6:00 PM
November 7, 2023
CALL TO ORDER
The Joint Meeting of the City Council , Community Services District, City as Successor Agency for the Community Redevelopment Agency of the City of Moreno Valley, Moreno Valley Housing Authority, Moreno Valley Public Financing Authority and the Board of Library Trustees was called to order at 6:02 p.m. by Mayor Cabrera in the Council Chamber located at 14177 Frederick Street.
Mayor Cabrera announced that the City Council receives a separate stipend for CSD meetings.
PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Mayor Cabrera.
INVOCATION
The invocation was given by Mayor Cabrera.
ROLL CALL
Council: Ulises Cabrera Mayor
Elena Baca-Santa Cruz Council Member
David Marquez Council Member
Cheylynda Barnard Council Member
Absent: Ed Delgado Mayor Pro Tem
A.3
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Minutes Acceptance: Minutes of Nov 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -3-
MOTION TO EXCUSE MAYOR PRO TEM DELGADO'S ABSENCE FROM THE MEETING.
Motion moved by Mayor Cabrera and seconded by Council Member Marquez to excuse Mayor Pro Tem Delgado's absence from the meeting.
Motion passed by a vote of 4 -0, with Counci l Member Baca -Santa Cruz , Council Member Marquez, Council Member Barnard, and Mayor Cabrera voting yes and Mayor Pro Tem Delgado absent.
RESULT: APPROVED [UNANIMOUS]
MOVER: Ulises Cabrera, Mayor
SECONDER: David Marquez, Council Member
AYES: Ulises Cabrera, David Marquez, Cheylynda Barnard, Elena Baca - Santa Cruz
ABSENT: Ed Delgado
INTRODUCTIONS
Staff: Jane Halstead Manager of the Office of the Mayor and City Council/City Clerk
Patty Rodriguez Senior Deputy City Clerk
Steven Quintanilla City Attorney
Mike Lee City Manager
Brian Mohan Assistant City Manager, City Treasurer
Michael Lloyd Assistant City Manager
Sean Kelleher Community Development Director
Launa Jimenez Chief Financial Officer
Melissa Walker Public Works Director/City Engineer
Jeremy Bubnick Parks and Community Services Director
Robert Cardenas Human Resources Director
Ken Reichle Chief of Police
Jesse Park Fire Chief
PUBLIC COMMENTS ON ANY SUBJECT NOT ON THE AGENDA UNDER THE
JURISDICTION OF THE CITY COUNCIL
Lorena Santa Cruz
1. MoVal Learns Program.
Rosa Bravo
1. Inland Compassion.
James Armor
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Minutes Acceptance: Minutes of Nov 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -4-
1. Pilot Program Nomination.
Roy Bleckert
1. Conflicting Meetings.
Marjorie Durkee
1. Traffic/Public Safety Issue.
David Zeitz
1. Public Safety.
Seth Cox
1. District 3 Concerns.
Pete Bleckert
1. Traffic/Pavement Concerns.
Bob Palomarez
1. Veteran Acknowledgement.
Louise Palomarez
1. Residential Concerns.
PUBLIC COMMENTS ON ANY SUBJECT ON THE AGENDA UNDER THE
JURISDICTION OF THE CITY COUNCIL
None.
JOINT CONSENT CALENDARS (SECTIONS A-E)
Mayor Cabrera asked the City Council if there were any items on the Consent Calendar that they would like pulled for separate action.
Council Member Barnard stated she would like item A.4 moved for separate action and discussion.
Council Member Marquez had questions regarding item A.11.
City Manager Mike Lee responded to Council Member Marquez’s inquiries.
Motion made Council Member Marquez and seconded by Council Member Ba ca- Santa Cruz to approve the consent calendar, excluding item A.4.
A.3
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Minutes Acceptance: Minutes of Nov 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -5-
Motion passed by a vote of 4 -0, with Council Member Ba ca-Santa Cruz, Council Member Barnard, Council Member Marquez, and Mayor Cabrera voting yes and Mayor Pro Tem Delgado absent.
RESULT: APPROVED [UNANIMOUS]
MOVER: David Marquez, Council Member
SECONDER: Elena Baca-Santa Cruz, Council Member
AYES: Ulises Cabrera, David Marquez, Cheylynda Barnard, Elena Baca - Santa Cruz
ABSENT: Ed Delgado
A. CONSENT CALENDAR-CITY COUNCIL
A.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
A.2. City Council - Closed Session - Oct 17, 2023 4:30 PM A.3. City Council - Regular Meeting - Oct 17, 2023 6:00 PM A.4. Item Pulled from Consent
A.5. PAYMENT REGISTER - SEPTEMBER 2023 (Report of: Financial & Management Services)
Recommendation:
1. Receive and file the Payment Register.
A.6. FISCAL YEAR 2023/24 FIRST QUARTER OPERATING & CIP BUDGET
REVIEW AND APPROVAL OF THE FIRST QUARTER OP ERATING & CIP
BUDGET AMENDMENTS, AND REVIEW OF THE OPERATING AND CIP
CARRYOVERS FROM FISCAL YEAR 2022/23 (Report of: Financial & Management Services)
Recommendations: That the City Council:
1. Receive and file the Fiscal Year (FY) 2023 /24 First Quarter Operating Budget Review.
2. Receive and file the Fiscal Year (FY) 2023/24 First Quarter CIP Budget Review.
3. Adopt Resolution No. 2023-71. A resolution of the City Council of the City of Moreno Valley, California, adopting the revised opera ting and A.3
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Minutes Acceptance: Minutes of Nov 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -6-
CIP budgets for Fiscal Year 2023/24.
4. Adopt Resolution No. 2023 -72. A resolution of the City Council of the City of Moreno Valley, California, adopting the revision to the Planning user fee schedule.
5. Adopt Resolution No. 2023-73. A resolution of the City Council of the City of Moreno Valley, California, adopting the revision to the Building and Safety user fee schedule.
6. Adopt Resolution No. 2023-74. A resolution of the City Council of the City of Moreno Valley, California, adopting the establ ishment of the annual review and administration fee for Planning.
7. Approve the Moreno Valley Community Foundation Budget.
8. Receive and file the Fiscal Year 2022/23 Carryover Memo.
Recommendations: That the CSD:
1. Adopt Resolution No. CSD 2023 -84. A reso lution of the Moreno Valley Community Services District of the City of Moreno Valley, California, adopting the revised operating and CIP budgets for Fiscal Year 2023/24.
Recommendations: That the HA:
1. Adopt Resolution No. HA 2023 -05. A Resolution of the Moreno Valley Housing Authority of the City of Moreno Valley, California, adopting the revised operating and CIP budgets for Fiscal Year 2023/24.
Recommendations: That the MVCF
1. Adopt Resolution No. MVCF 2023 -05. A Resolution of the Moreno Valley Community Foundation of the City of Moreno Valley, adopting the revised operating and CIP budgets for Fiscal Year 2023/24.
A.7. PURSUANT TO LANDOWNER PETITION, ANNEX A CERTAIN PARCEL INTO COMMUNITY FACILITIES DISTRICT NO. 2014 -01 (MAINTENANCE SERVICES) - AMENDMENT NOS. 83 & 84 (RES O NO. 2023 -75 and RESO NO. 2023-76) (Report of: Financial & Management Services) Recommendation:
1. Acting as the legislative body of Community Facilities District No. 2014-01 (Maintenance Services), adopt Resolution No. 2023-75, a A.3
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Resolution of the City Council of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2014 -01 (Maintenance Services) and approving the amended map for said District (Amendment No. 83) (Chase Partners , located at the southeast corner of Calle San Juan de Los Lagos and Veterans Way).
2. Acting as the legislative body of Community Facilities District No. 2014-01 (Maintenance Services), adopt Resolution No. 2023 -76, a Resolution of the City Council of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2014 -01 (Maintenance Services) and approving the amended map for said District (Amendment No. 84) (Chase Globe, located at the southeast corner of Perris Blvd. and Globe St.).
A.8. RESOLUTION APPOINTING CITY TREASURER (Report of: City Manager) Recommendation:
1. Adopt Resolution No. 2023-77 Appointing a City Treasurer.
A.9. 2024 SPECIAL EVENTS CALENDAR (Report of: Parks & Comm unity Services)
Recommendation:
1. Receive and file the 2024 Special Events Calendar.
A.10. AUTHORIZE A PURCHASE AGREEMENT WITH ONESOURCE SUPPLY
SOLUTIONS FOR THE PURCHASE OF STOCK MATERIALS FOR
MORENO VALLEY UTILITY (MVU) (Report of: Public Works)
Recommendations:
1. Authorize the City Manager to enter into a Purchase Agreement with OneSource Supply Solutions for the purchase of various electrical items used for general stock and emergency response by Moreno Valley Utility, funded by M VU’s operating (6010) and capital funds (6011); and
2. Authorize the purchase of various electrical items as needed for general stock and emergency response in an amount not to exceed a total of $9,157,650 for fiscal years 2023/2024 through 2027/2028; and
3. Authorize the City Attor ney and City Manager to make minor adjustments to the Agreement with OneSource to ensure execution of A.3
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said Agreement, within the parameters contained herein, and
4. Authorize the City Manager to execute any subsequent Amendments to the Agreements with OneSource Supply
Solutions within Council approved annual budgeted amounts, including the authority to authorize the associated purchase orders in accordance with the terms of the Agreement, subject to the approval of the City Attorney.
A.11. AUTHORIZATION TO AWARD A PROFESSIONAL CONSULTANT
SERVICES AGREEMENT TO JACOBS ENGINEERING GROUP INC. FOR THE TRAFFIC SIGNALS EQUIPMENT UPGRADES PROJECT (Report of:
Public Works)
Recommendations:
1. Award Agreements for Professional Consultant Servi ces with Jacobs Engineering Group, Inc. to provide traffic signal engineering services for the Transportation Engineering Division; and
2. Authorize the City Manager to execute Agreements for Professional Consultant Services with Jacobs Engineering Group, Inc. in an amount of a pproximately $150,000 per year for the total aggregate not-to-exceed amount of $300,000 over the entire two -year term of the agreements, subject to the approval of the City Attorney; and
3. Authorize the issuance of Purchase Orders to Jacobs Engineering Group, Inc. once the Agreements have been signed by all parties using budget approved for the Traffic Signals Equipment Upgrades using State Gas Tax Funds (2000) and Measure A Funds (2001); and
4. Authorize the City Manager to execute any subsequent Amendments to the Agreements with Jacobs Engineering Group, Inc. within Council approved annual budgeted amounts, including the authority to authorize the associated purchase orders in accordance with the terms of the Agreement, subject to the approval of the City Attorney.
B. CONSENT CALENDAR-COMMUNITY SERVICES DISTRICT
B.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
B.2. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 17, 2023 4:30 PM.
Recommendation:
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1. Approve as submitted.
B.3. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 17, 2023 6:00 PM..
Recommendation:
1. Approve as submitted.
B.4. PURSUANT TO LANDOWNER PETITIONS, ANNEX CERTAIN PARCELS INTO COMMUNITY FACILITIES DISTRICT NO. 2021 -01 (PARKS
MAINTENANCE) - AMENDMENT NOS. 94, 107, 118, 120 -125 and 127 (RESO. NOS. CSD 2023 -85 to CSD 2023 -94) (Report of: Financial & Management Services)
Recommendation:
1. Adopt Resolution No. CSD 2023-85, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Commu nity Facilities District No . 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 94) ( Hydee and David Sapien , located at 24935 Myers Ave.).
2. Adopt Resolution No. CSD 2023-86, a Resolution of the Board for the Moreno V alley Community Services Di strict of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 107) (Filiberto Marquez, located on 21623 Dracaea Ave.).
3. Adopt Resolution No. CSD 2023-87, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Comm unity Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 118) ( Apollo V Development Group, LLC , located near the northwest corner of Sunnymead Blvd. and Indian St.).
4. Adopt Resolution No. CSD 2023-88, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021 -01 ( Parks Maintenance) and a pproving the amended map for said District (Amendment No. 120) ( Monica Mendez , located at 24265 Sunnymead Blvd.).
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5. Adopt Resolution No. CSD 2023-89, a Resolution of the Board for the Moreno Valley Community Services District of t he City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 121) ( Evergreen-Hemlock & Pigeo n Pass LLC , located near the northeast corner of Pigeon Pass Rd. and Hemlock Ave.).
6. Adopt Resolution No. CSD 2023-90, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexa tion of territory to City o f Moreno Valley Community Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 122) ( Chase Partners, located at the southeast corner of Calle San Juan de Los Lagos and Veterans Way).
7. Adopt Resolution No. CSD 2023-91, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities Dist rict No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 123) (Chase Globe, located at the southeast corner of Perris Blvd. and Globe St.).
8. Adopt Resolution No. CSD 2023-92, a Resolution of the Board for the Moreno Valley Community Service s District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 124) ( Chase Elsw orth, located at the southeast corner of Goldencrest Dr. and Elsworth St.).
9. Adopt Resolution No. CSD 2023-93, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 125) (MCA Stoneridge, located on Eucalyptus Ave. in the Stoneridge Town Center).
10. Adopt Resolution No. CSD 2023-94, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District A.3
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(Amendment No. 127) (Herminia Hernandez Family Living Trust and Herminia Hernandez, located at 11601 Kayal Ave.).
C. CONSENT CALENDAR - HOUSING AUTHORITY
C.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
C.2. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 17, 2023 4:30 PM.
Recommendation:
1. Approve as submitted.
C.3. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 17, 2023 6:00 PM.
Recommendation:
1. Approve as submitted.
D. CONSENT CALENDAR - BOARD OF LIBRARY TRUSTEES
D.1. ORDINANCES - READING BY TITLE ONL Y - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
D.2. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 17, 2023 4:30 PM.
Recommendation:
1. Approve as submitted.
D.3. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 17, 2023 6:00 PM.
Recommendation:
1. Approve as submitted.
E. CONSENT CALENDAR - PUBLIC FINANCING AUTHORITY
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E.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO A DOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
E.2. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 17, 2023 4:30 PM.
Recommendation:
1. Approve as submitted.
E.3. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 17, 2023 6:00 PM.
Recommendation:
1. Approve as submitted.
F. PUBLIC HEARINGS
None.
G. ITEMS REMOVED FROM CONSENT CALENDARS FOR DISCUSSION OR
SEPARATE ACTION
G.1. TICKET AND PASS POLICY (Report of: City Attorney)
Recommendation:
1. That the City Council consider adoption of the attached resolution approving the Policy for the distribution of tickets and passes to City officials and members of the public.
City Clerk Jane Halstead provided the staff report.
With the con clusion of the staff report, Mayor Cabrera opened the floor for Council questions of staff.
Mayor Cabrera asked questions of staff.
City Attorney Steven Quintanilla responded to Mayor Cabrera's inquiries.
With no additional questions, Mayor Cabrera call ed for public comments to be heard.
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Louise Palomarez A-4
No Comment.
Bob Palomarez A-4
1. Golden Society Organization.
Linda Thomas A-4
1. Critical of Mayor Cabrera.
Public comments were heard.
With the conclusion of public comments, Mayor Cabrera c alled for Council deliberation.
With no Council deliberation, Mayor Cabrera entertained a motion.
Motion moved by Council Member Barnard and seconded by
Council Member Marquez to approve the Ticket and Pass Policy.
Motion passed by a vote of 4-0, with Council Member Baca-Santa Cruz, Council Member M arquez, Council Member Barnard, and Mayor Cabrera voting yes and Mayor Pro Tem Delgado absent.
RESULT: APPROVED [UNANIMOUS]
MOVER: Cheylynda Barnard, Council Member
SECONDER: David Marquez, Council Member
AYES: Ulises Cabrera, David Marquez, Cheylynda Barnard, Elena Baca - Santa Cruz
ABSENT: Ed Delgado
H. GENERAL BUSINESS
None.
I. REPORTS
None.
I.1. CITY COUNCIL REPORTS
(Informational Oral Presentation - not for Council action)
March Joint Powers Commission (JPC)
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None.
Riverside County Habitat Conservation Agency (RCHCA)
None.
Riverside County Transportation Commission (RCTC)
None.
Riverside Transit Agency (RTA)
Council Member Marquez reported the following:
The Board authorized staff to award an agreement to Kaiser Permanente On-the- Job for Occupational Clinic Services for a one -year base term with four one -year options in an amount not-to-exceed $348,960.
The Committee authorized staff to enter into an agreement with GHI Energy, LLC for the management of California’s Low Carbon Fuel Standards and the Federal Government’s Renewable Identification Number programs for a period of three - years, plus two one-year option periods.
Western Riverside Council of Governments (WRCOG)
Council Member Baca-Santa Cruz reported the following:
Items covered at the WRCOG Executive Committee meeting on November 6, 2023, included an update on the development of a regional Vehicle -miles Traveled (VMT) mitigation program. It is anticipated that a draft program gui de will be available for review by the Executive Committee in mid-2024.
Western Riverside County Regional Conservation Authority (RCA) Council Member Marquez reported the following:
Items covered at the RCA Board of Directors meeting on November 6, 2023 , included a status report on acquisitions made by RCA. For the 2023 calendar year, 32 parcels were acquired, adding approximately 704 acres to the reserve.
School District/City Joint Task Force
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None.
I.2. EMPLOYEE ASSOCIATION REPORTS
None.
I.3. CITY MANAGER'S REPORT
1. Introduction of new Chief Financial Officer.
2. Public Works National Award.
3. Inland Empire Award Ceremony.
CLOSING COMMENTS AND/OR REPORTS OF THE CITY COUNCIL, COMMUNITY
SERVICES DISTRICT, CITY AS SUCCESSOR AGENCY FOR THE COMMU NITY
REDEVELOPMENT AGENC Y, HOUSING AUTHORITY, PUBLIC FINANCING AUTHORITY, AND THE BOARD OF LIBRARY TRUSTEES.
Council Member Baca-Santa Cruz
1. Community Events.
2. Veteran Acknowledgements.
Council Member Marquez
1. Community Events.
2. Residential concerns.
Council Member Barnard
1. Community Events.
2. Business Grand Openings.
3. Veteran Acknowledgements.
*Council Member Baca-Santa Cruz left the dais at 7:14pm.
Mayor Cabrera
1. Resident concerns.
2. Community Events.
ADJOURNMENT
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There being no further business to come before the City Council, Mayor Cabrera adjourned the meeting at 7:20PM.
PUBLIC INSPECTION
The contents of the agenda packet are available for public inspection on the City’s website at www.moval.org and in the City Clerk’s office at 14177 Frederick Street during normal business hours.
Any written information related to an open session agenda item that is known by the City to have been distributed to all or a majority of the City Council less than 72 hours prior to this meeting will be made available for public inspection on the City’s website at www.moval.org and in the City Clerk’s office at 14177 Frederick Street during normal business hours.
Submitted by:
___________________________
Jane Halstead, CMC
City Clerk
Secretary, Moreno Valley Community Services District
Secretary, City as Successor Agency for the Community
Redevelopment Agency of the City of Moreno Valley
Secretary, Moreno Valley Housing Authority
Secretary, Board of Library Trustees
Secretary, Public Financing Authority
Approved by:
___________________________
Ulises Cabrera
Mayor
City of Moreno Valley
President, Moreno Valley Community Services District
Chairperson, City as Successor Agency for the Community Redevelopment Agency of the City of Moreno Valley
Chairperson, Moreno Valley Housing Authority
Chairperson, Board of Library Trustees
Chairperson, Public Financing Authority
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Report to City Council
ID#6116 Page 1
TO: Mayor and City Council
FROM: Jane Halstead, CMC, City Clerk
AGENDA DATE: November 21, 2023
TITLE: COUNCIL DISCRETIONARY EXPENDITURE REPORTS
FOR FISCAL YEAR 2023/2024 FROM JULY 1, 2023
THROUGH SEPTEMBER 30, 2023.
RECOMMENDED ACTION
Recommendation:
1. Receive and file the Fiscal Year 2023/2024 Council Discretionary Expenditure Report for July 1, 2023 through September 30, 2023.
SUMMARY
This staff report is prepared at the request of the City Council to provide transparency with respect to the expenditure of City funds from City Council Discretionary Expenditure Accounts. These reports are for each Council Member’s year to date expenditures for Fiscal Year 2023/2024, for July 1, 2023 through September 30, 2023.
Each Council District receives an annual budget allocation of $3,000 and the Mayor receives an annual budget allocation of $6,000.
With the adoption of the current fiscal year budget and pursuant to Resolution No. 2023- 24, unused monies from Fiscal Year 2022/2023 will be carried over to the current Fiscal Year as approved by the City Manager.
The expenditure reports are included routinely in the City Council agenda as an additional means of distributing reports on activities to the Council and public. The reports are to be posted to the City’s website following Council approval. The monthly reports provide unaudited information and are reconciled to the City’s general ledger.
Following the end of the Fiscal Year, the financial information shall be reviewed as part of the City’s independent financial audit.
NOTIFICATION
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Posting of the agenda as required by the Brown Act.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Jasmin Rivera Jane Halstead
Management Assistant City Clerk
CITY COUNCIL GOALS
None
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. FY 23-24 Expenditure Report Sheet (11-09-2023)
APPROVALS
Budget Officer Approval ✓ Approved . 11/13/23 5:07 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 11/13/23 5:43 PM A.4
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MAYOR ULISES CABRERA
Fiscal Year 2023/2024 Council Discretionary Expenditures Accounts: 1010-10-01-10015-620130 Mayor Discretionary
1010-10-01-10015-620131 Mayor Discretionary - Carryover July 1, 2023 – September 30, 2023
Date Amount Description
7/25/2023 $ 1,000.00 Kids Youth Mentorship Services Inc. Back-to-School Backpack Giveaway Event 7/31/2023 $ 102.59 Senior Center Community Engagement Consumables 7/31/2023 $ 75.00 We Walk by Faith Not by Sight Event 8/25/2023 $ 300.00 StreetBeat Ave. Records and Moreno Valley Mall Christmas Toy Drive 9/08/2023 $ 300.00 Diamond Girls Softball Association 9/30/2023 $ 50.00 CIELO Inland Empire Community Foundation Celebration Brunch 4/18/2023 $ 500.00 Community Health Systems, Inc -Backpack Giveaway 5/16/2023 $ 300.00 Moreno Valley Mall Cinco De Mayor Festival 5/30/2023 $ 200.00 Edgemont Woman's Club - Mural Project 6/28/2023 $ 300.00 Homeowners Summit Sponsorship
$ 1,827.59 TOTAL Council Discretionary Expenditures for FY 23/24
$ 6,000.00 FY 23/24 Adopted Budget Amount
$ 6,000.00 FY 23/24 Amended Budget Amount
$ 4,172.41 FY 23/24 Budget Amount Remaining Source: Unaudited financial data from the City's accounting records.
Updated as of: 11/9/2023
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Attachment: FY 23-24 Expenditure Report Sheet (11-09-2023) (6116 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR
MAYOR PRO TEM EDWARD A. DELGADO
Fiscal Year 2023/2024 Council Discretionary Expenditures Accounts: 1010-10-01-10012-620112 District 2 Discretionary 1010-10-01-10012-620117 District 2 Discretionary - Carryover July 1, 2023 – September 30, 2023
Date Amount Description
No expenditures to report for July 2023
8/2/2022 $ 108.25 No expenditures to report for August 2023Center Reservation 8/26/2022 $ 500.00 No expenditures to report for September 2023Center: Lady Outlaws 8/31/2022 $ 190.84 The Bob Hope Project Plaque 9/30/2022 $ 500.00 Canyon Springs Little League 9/30/2022 $ 187.50 Banning State of the City 10/24/2022 $ 208.54 Elks Lodge Hoop-Shoot
No expenditures to report for November 2022
No expenditures to report for December 2022
1/10/2023 $ 500.00 The Hole in Wall, Inc.
2/3/2023 $ 242.00 Trailseekers Moreno Valley Equestrian Center Reservation No expenditures to report for March 2023
No expenditures to report for April 2023
5/16/2023 $ 250.00 Valley View Baseball Boosters No expenditures to report for June 2023
$ 0.00 TOTAL Council Discretionary Expenditures for FY 23/24
$ 3,000.00 FY 23/24 Adopted Budget Amount
$ 3,000.00 FY 23/24 Amended Budget Amount
$ 3,000.00 FY 23/24 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 11/9/2023
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Attachment: FY 23-24 Expenditure Report Sheet (11-09-2023) (6116 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR
COUNCIL DISTRICT 1 ELENA BACA-SANTA CRUZ
Fiscal Year 2023/2024 Council Discretionary Expenditures Accounts: 1010-10-01-10011-620111 District 1 Discretionary 1010-10-01-10011-620116 District 1 Discretionary - Carryover July 1, 2023 – September 30, 2023
Date Amount Description
No expenditures to report for July 2023
8/04/2023 $ 250.00 Diamond Girls Softball Association Team Contribution: Queen Kobras 8/15/2023 $ 300.00 Diamond Girls Softball Association Team Contribution: Cyclones 9/30/2023 $ 75.00 We Walk by Faith Not by Sight Event 9/30/2023 $ 187.25 District 1 Towngate Community Meeting – Venue Rental 10/31/2022 $ 49.37 Turning Red Tape into Red Carpet 6/3/2022 $ 50.00 No expenditures to report for November 2022 12/29/2022 $ 250.00 Tuning Sounds Organization 1/20/2023 $ 40.00 No expenditures to report for January 2023 No expenditures to report for February 2023
2/28/2023 $ 190.71 Edgemont Women’s Club Forum 3/8/2023 $ 92.78 Edgemont Women’s Club Forum 3/24/2023 $ 250.00 Canyon Springs Little League 3/31/2023 $ 60.54 24th Annual Cesar E. Chavez Memorial Breakfast 4/24/2023 $ 350.00 Edgemont Women’s Club Audio Equipment rental fee reimbursement 1/20/2023 $ 40.00 No expenditures to report for May 2023 No expenditures to report for June 2023
$ 812.25 TOTAL Council Discretionary Expenditures for FY 23/24
$ 3,000.00 FY 23/24 Adopted Budget Amount
$ 3,000.00 FY 23/24 Amended Budget Amount
$ 2,187.75 FY 23/24 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 11/9/2023
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Attachment: FY 23-24 Expenditure Report Sheet (11-09-2023) (6116 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR
COUNCIL DISTRICT 3 DAVID MARQUEZ
Fiscal Year 2023/2024 Council Discretionary Expenditures Accounts: 1010-10-01-10013-620113 District 3 Discretionary 1010-10-01-10013-620118 District 3 Discretionary - Carryover July 1, 2023 – September 30, 2023
Date Amount Description
7/31/2022 $ 50.00 No expenditures to report for July 2023 8/04/2023 $ 500.00 Diamond Girls Softball Association Team Contribution: Ice Queens 8/31/2022 $ 190.84 No expenditures to report for September 2023o expenditures to report for September 2022Hope Project Plaque
4/23/2022 $ 108.25 No expenditures to report for October 2022Hope Sponsorship Trail seekers MVEC No expenditures to report for November 2022
12/08/2022 $ 50.00 2022 State of Riverside County
6/4/2022 $ 135.00 No expenditures to report for January 2023 2/8/2023 $ 500.00 Diamond Girls Softball Association Team Contribution: Mad Batters 2/22/2023 $ 1,000.00 Moreno Valley Community Band Wind Symphony 3/13/2023 $ 267.75 San Gorgonio Girl Scouts
No expenditures to report for April 2023
No expenditures to report for May 2023
No expenditures to report for June 2023
$ 500.00 TOTAL Council Discretionary Expenditures for FY 23/24
$ 3,000.00 FY 23/24 Adopted Budget Amount
$ 3,000.00 FY 23/24 Amended Budget Amount
$ 2,500.00 FY 23/24 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 10/9/2023
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Attachment: FY 23-24 Expenditure Report Sheet (11-09-2023) (6116 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR
COUNCIL DISTRICT 4 CHEYLYNDA BARNARD
Fiscal Year 2023/2024 Council Discretionary Expenditures Accounts: 1010-10-01-10014-620114 District 4 Discretionary 1010-10-01-10014-620119 District 4 Discretionary - Carryover July 1, 2023 – September 30, 2023
Date Amount Description
7/31/2023 $ 100.00 Rancho Verde High School Cheer 7/31/2023 $ 134.86 District 4 Community Engagement Consumables 8/15/2023 $ 200.00 Diamond Girls Softball Association Team Contribution: Ice Queens 8/15/2023 $ 13.27 District 4 Community Engagement Refreshments 8/17/2023 $ 23.70 District 4 Community Engagement Consumables 8/18/2023 $ 200.00 Diamond Girls Softball Association Team Contribution: Cyclones No expenditures to report for September 2023o
$ 671.83 TOTAL Council Discretionary Expenditures for FY 23/24
$ 3,000.00 FY 23/24 Adopted Budget Amount
$ 3,000.00 FY 23/24 Amended Budget Amount
$ 2,328.17 FY 23/24 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 11/9/2023
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Attachment: FY 23-24 Expenditure Report Sheet (11-09-2023) (6116 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR
Report to City Council
ID#6451 Page 1
TO: Mayor and City Council
FROM: Jane Halstead, CMC, City Clerk
AGENDA DATE: November 21, 2023
TITLE: COUNCIL TRAINING & TRAVEL EXPENDITURE
REPORTS FOR FISCAL YEAR 2023-2024
RECOMMENDED ACTION
Recommendation:
1. Receive and file the Training & Travel Authorization Forms for the month of October 2023.
SUMMARY
This staff report is prepared at the request of the City Council to provide transparency with respect to the expenditure of City funds used for City Council Training and Travel .
Each Council District receives an annual budget allocation of $4,00 0 and the Mayor receives an annual budget allocation of $12,000.
On September 5, 2023, the City Council approved the revision of policy #3.06; to incorporate additional transparency requirements for the reporting of the travel and training forms.
The training and travel forms provide unaudited information and are reconciled to the City’s general ledger. Following the end of the Fiscal Year, the financial information shall be reviewed as part of the City’s independent financial audit.
No City Council training or travel expenditure activity to report for October 2023.
FISCAL IMPACT
No Fiscal Impact as all funds are budgeted within the Fiscal Year 2023/2024 annual budget.
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PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Name Jasmin Rivera Name Jane Halstead
Title Executive Assistant to the Mayor and Council Office Title City Clerk
Concurred By:
Name
Title
CITY COUNCIL GOALS
None
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
None
APPROVALS
Budget Officer Approval ✓ Approved . 11/13/23 5:02 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 11/13/23 5:43 PM A.5
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Report to City Council
ID#6452 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: November 21, 2023
TITLE: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MORENO VALLEY, CALIFORNIA, DECLARING
PURSUANT TO CALIFORNIA GOVERNMENT CODE §
54221 THAT THE REAL PROPERTY IDENTIFIED AS
APNS 487 -470-030 AND 487 -470-031 (LOCATED AT THE
NWC OF ALESSANDRO BOULEVARD AND NASON
STREET) IS SURPLUS LAND AND NOT NECESSARY
FOR THE CITY’S USE AT THIS TIME, FINDING THAT
SUCH DECLARATION IS EXEMPT FROM
ENVIRONMENTAL REVIEW UNDER THE CALIFORNIA
ENVIRONMENTAL QUALITY ACT, AND APPROVING
CERTAIN RELATED ACTIONS
RECOMMENDED ACTION
Recommendation:
Adopt City Council Resolution No. 2023-xx declaring pursuant to California Government Code § 54221 that the real property identified as APNs 487 -470-030 and 487 -470-031 (located at the NWC of Alessandro Boulevard and Nason Street) is surplus land and not necessary for the City’s use at this time, finding that such declaration is exempt from environmental review under the California Environmental Quality Act, and approving certain related actions.
SUMMARY
Pursuant to the California Surplus Land Act (Government Code §§ 54220 -54232), all local agencies (i.e., all counties, cities, special districts, school districts of any kind or class, empowered to acquire and hold real property) must comply with the requirements of the Act prior to disposing of real property. The City-owned real property identified as APNs 487-470-030 and 487-470-031 (located at the NWC of Alessandro Boulevard and A.6
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Nason Street) is within the General Plan and Zoning Ordinance designated Mixed Use Downtown Center (DC) area of the City is subject to the Act. In this case, the City’s property is designated as an essential economic opportunity site. In order to effectuate the purposes of the General Plan and Zoning Ordinance and realize the property’s economic opportunity potential, it will be necessary to sell the property in the future to a qualified development entity with the resources and experience needed to develop the property and achieve its highest and best uses. Based on certain provisions of the Act, guidelines related to the Act and directives received from State officials, it is necessary to declare the property as surplus, issue a notice of availability to certain parties designated by the State, receive and evaluate statements of interest received (if any) and prepare for and file with designated State officials a compliance report. Staff recommends that the City Council authorize this process by adopting the attached resolution.
DISCUSSION
The attached Resolution concerns that certain real property identified as APNs 487 - 470-030 and 487 -470-031 (located at the NWC of Alessandro Boulevard and Nason Street) consisting of approximately 56.42 acres, as more particularly described in Exhibit “A” and depicted in Exhibit “B” to the attached Resolution (the “Property”).
Pursuant to the California Surplus Land Act, Government Code (the “GC”) §§ 54220 - 54234 (the “Act”), as amended by AB 1486 (Chapter 664, Statutes of 2019; “AB 1486”) and Guidelines promulgated thereunder by the California Department of Housing and Community Development (the “HCD”) dated as of April 2021 (the “Guidelines”), in order for the Property to be disposed of, such land must first be made available under a process set forth in the Act and expounded upon by the Guidelines; that process requires that a notice be given calling for written notices of interest after the affected public entity has designated such land as surplus by the taking of a formal action at a public meeting of such public agency.
Pursuant to the Act, land is necessary for the City’s use if the land is being used, or is planned to be used pursuant to a written plan adopted by the City, for City work or operations, but ignores other traditional core purposes and authority granted by California law (e.g., creating essential economic opportunities as contemplated by California Government Code § 52201). Because the Property was acquired for the purpose of ensuring the creation of essential economic opportunities within the area designated in the City’s General Plan as the Mixed Use Downtown Core, its ultimate sale and development is considered necessary and essential for the City’s core purposes and while the City’s goals related to creating essential economic opportunities have not changed, the Act and the Guidelines together with the directives of the HCD nevertheless require the conduct of a process calling for written notices of interest.
The Act, as expounded upon by the Guidelines and HCD’s directives, provides that such land shall be declared either surplus land or exempt surplus land before the City may take action to dispose of it consistent with the City’s policies or procedures. GC § 54222, requires the City, if it declares land to be surplus and not necessary for the City’s use (only so far as defined within the Act and the Guidelines), to provide written notice thereof to certain local public agencies and housing sponsors (the “De signated A.6
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Parties”); the form of such notification is included as Exhibit “B” to the attached Resolution (the “Notification Process”).
The Notification Process provides the Designated Parties a 60 -day opportunity to request to negotiate for the disposition of the Property consistent with parameters for such negotiations provided by the Act and the Guidelines. The Notification Process is not a request for proposals, does not bind the City to any disposition of the Property and does not supersede the applicable provisions of the Moreno Valley Municipal Code.
The Act does not impose any mandates or timeframes with respect to the disposition of real property.
Failure to follow the procedure described in the Act and expounded upon by the Guidelines and HCD’s directives for providing a notice of availability of surplus land and related actions, may subject the City to financial and other penalties and measures and may frustrate the ability of the City to further its achievement of its essential economic opportunity goals pursuant to the City’s General Plan. In addition to the foregoing, the HCD has certain oversight authority over negotiations with Designated Parties, if any, for the purpose of confirming that such negotiations were conducted within the parameters described in the Act and the Guidelines.
Approval of the attached Resolution will confirm the City Council’s declaration that the Property is surplus and not necessary for the City’s use at this time (only so far as defined within the Act and the Guidelines) and authorize the initiation of the Notification Process to the Designated Parties as prescribed by the Act.
Pursuant to § 15060 (c) (3) of the California Environmental Quality Act (the “CEQA”) Guidelines (i.e., California Code of Regulations, Title 14, Division 6, Chapter 3, §§ 15000-15387), approval of the attached Resolution is exempt from CEQA because the actions described therein will not result in a direct or indirect physical change in the environment and the actions described therein are not a “Project”, as defined within § 15378 of the CEQA Guidelines. Adoption of the attached Resolution does not have the potential for resulting in either a direct or indirect physical change in the environment. If and when the Property is sold or leased and that new owner or lessee proposes a use for the Property that requires a discretionary permit and CEQA review, that future use and project will be analyzed at the appropriate time in accordance with CEQA.
ALTERNATIVES
Alternative 1: Adopt the resolution, declaring pursuant to California Government Code § 54221 that the real property identified as APNs 487 -470-030 and 487 -470-031 (located at the NWC of Alessandro Boulevard and Nason Street) is surplus land and not necessary for the City’s use at this time, finding that such declaration is exempt from environmental review under the California Environmental Quality Act, and approving certain related actions. Staff recommends this alternative as it will allow the City to ultimately ensure the accomplishment of the City’s goals related to creating essential economic opportunities.
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Alternative 2: Do not adopt the resolution, which will table the Surplus Land Act process to a future time. Staff does not recommend this alternative.
FISCAL IMPACT
There is no impact with this action.
NOTIFICATION
The notice of this joint meeting has been posted and publicized pursuant to the Brown Act and City policies, including posting of the agenda for this joint public meeting of the City Council and Housing Authority.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Steven H. Dukett Brian Mohan
Surplus Land Act Consultant Assistant City Manager (Administration)
CITY COUNCIL GOALS
Revenue Diversification and Preservation. Develop a variety of City revenue sources and policies to create a stable revenue base and fiscal policies to support essential City services, regardless of economic climate.
Public Safety. Provide a safe and secure environment for people and property in the community, control the number and severity of fire and hazardous material incidents, and provide protection for citizens who live, work and visit the City of Moreno Valley.
Public Facilities and Capital Projects . Ensure that needed public facilities, roadway improvements, and other infrastructure improvements are constructed and maintained.
Positive Environment. Create a positive environment for the development of Moreno Valley's future.
Community Image, Neighborhood Pride and Cleanliness . Promote a sense of community pride and foster an excellent image about our City by developing and executing programs which will result in quality development, enhanced neighborhood preservation efforts, including home rehabilitation and neighborhood restoration.
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
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ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487 -470- 031 and -031 v11-13-2023
2. 11.21.23 Notice of Availability per SLA APNs 487-470-030 and 031 v11-13-2023
APPROVALS
Budget Officer Approval ✓ Approved . 11/13/23 4:31 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 11/13/23 5:44 PM A.6
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1 Resolution No. 2023-__
Date Adopted: November 21, 2023
RESOLUTION NO. 2023-__
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MORENO VALLEY, CALIFORNIA, DECLARING PURSUANT
TO CALIFORNIA GOVERNMENT CODE § 54221 THAT THE
REAL PROPERTY IDENTIFIED AS APNS 48 7-470-030 AND
487-470-031 (LOCATED AT THE NWC OF ALESSANDRO
BOULEVARD AND NASON STREET) IS SURPLUS LAND
AND NOT NECESSARY FOR THE CITY’S USE AT THIS
TIME, FINDING THAT SUCH DECLARATION IS EXEMPT
FROM ENVIRONMENTAL REVIEW UNDER THE
CALIFORNIA ENVIRONMENTAL QUALITY ACT, AND
APPROVING CERTAIN RELATED ACTIONS
WHEREAS, this Resolution concerns that certain real property identified as APNs 487-470-030 and 487-470-031 (located at the NWC of Alessandro Boulevard and Nason Street) consisting of approximately 56.42 acres, as more particularly described in Exhibit “A” and depicted in Exhibit “B” to this Resolution (the “Property”); and WHEREAS, pursuant to the California Surplus Land Act, Government Code (the “GC”) §§ 54220 -54234 (the “Act”), as amended by AB 1486 (Chapter 664, Statutes of 2019; “AB 1486”) and Guidelines promulgated thereunder by the California Department of Housing and Community Development (the “HCD”) dated as of April 2021 (the “Guidelines”), in order for the Property to be disposed of, such land must first be made available under a process set forth in the Act and expounded upon by the Guidelines; that process require s that a notice be given calling for written notices of interest after the affected public entity has designated such land as surplus by the taking of a formal action at a public meeting of such public agency; and
WHEREAS, pursuant to the Act, land is necessary for the City’s use if the land is being used, or is planned to be used pursuant to a written plan adopted by the City, for City work or operations, but ignores other traditional core purposes and authority granted by California law (e.g., creating essential economic opportunities as contemplated by California Government Code § 52201); and
WHEREAS, because the Property was acquired for the purpose of ensuring the creation of essential economic opportunities within the area designated in the City’s General Plan as the Mixed Use Downtown Core , its ultimate sale and development is considered necessary and essential for the City’s core purposes and while the City’s goals related to creating essential economic opportunities have not changed, the Act and the Guidelines together with the directives of the HCD nevertheless require the conduct of a process calling for written notices of interest; and WHEREAS, the Act, as expounded upon by the Guidelines and HCD’s directives, provides that such land shall be declared either surplus land or exempt surplus land A.6.a
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 2 Resolution No. 2023-__
Date Adopted: November 21, 2023
before the City may take action to dispose of it consistent with the City’s policies or procedures; and
WHEREAS, GC § 54222, requires the City, if it declares land to be surplus and not necessary for the City’s use (only so far as defined within the Act and the Guidelines), to provide written notice thereof to certain local public agencies and housing sponsors (the “Designated Parties”); the form of such notification is included as Exhibit “B” to this Resolution (the “Notification Process”); and
WHEREAS, the Notification Process provides the Designated Parties a 60 -day opportunity to request to negotiate for the disposition of the Property consistent with parameters for such negotiations provided by the Act and the Guidelines; and WHEREAS, the Notification Process is not a request for proposals, does not bind the City to any disposition of the Property and does not supersede the applicable provisions of the Moreno Valley Municipal Code; and
WHEREAS, the Act does not impose any mandates or timeframes with respect to the disposition of real property; and
WHEREAS, failure to follow the procedure described in the Act and expounded upon by the Guidelines and HCD’s directives for providing a notice of availability of surplus land and related actions, may subject the City to financial and other penalties and measures and may frustrate the ability of the City to further its achievement of its essential economic opportunity goals pursuant to the City’s General Plan; and WHEREAS, in addition to the foregoing, the HCD has certain oversight authority over negotiations with Designated Parties, if any, for the purpose of confirming that such negotiations were conducted within the parameters described in the Act and the Guidelines; and
WHEREAS, approval of this Resolution will confirm the City Council’s declaration that the Property is surplus and not necessary for the City’s use at this time (only so far as defined within the Act and the Guidelines) and authorize the initiation of the Notification Process to the Designated Parties as prescribed by the Act; and WHEREAS, pursuant to § 15060 (c) (3) of the California Environmental Quality Act (the “CEQA”) Guidelines (i.e., California Code of Regulations, Title 14, Division 6, Chapter 3, §§ 15000-15387), approval of this Resolution is exempt from CEQA because the actions described herein will not result in a direct or indirect physical change in the environment and the actions described herein are not a “Project”, as defined within § 15378 of the CEQA Guidelines; and
WHEREAS, adoption of this Resolution does not have the potential for resulting in either a direct or indirect physical change in the environment. If and when the Property is sold or leased and that new owner or lessee proposes a use for the Property that A.6.a
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 3 Resolution No. 2023-__
Date Adopted: November 21, 2023
requires a discretionary permit and CEQA review, that future use and project will be analyzed at the appropriate time in accordance with CEQA; and WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met.
THEREFORE, BE IT RESOLVED , FOUND, DETERMINED AND ORDERED , by the City Council of the City of Moreno Valley, in regular session assembled on November 21, 2023, in the meeting room of the City Council located on the 1 st floor of City Hall, 14177 Frederick Street, Moreno Valley, California, as follows:
1) That the City Council hereby finds and declares that the above recitals are true and correct and incorporated as though fully set forth herein. 2) The City Council hereby declares that the Property is surplus land and not necessary for the City’s use at this time (only so far as defined within the Act and the Guidelines) and authorizes the initiation of the Notification Process as prescribed by the Act and as further expounded upon by the Guidelines.
3) The City Manager, or designee, is hereby authorized to do all things that are necessary or proper to effectuate the purposes of this Resolution, and any such actions previously taken are hereby ratified and confirmed. Such actions include negotiating in g ood faith in accordance with the requirements of the Act and the Guidelines with any of the Designated Parties that submit a written statement of interest as to the disposition of the Property in compliance with the Act and as further expounded upon by the Guidelines.
4) This Resolution has been reviewed with respect to the applicability of the CEQA (Public Resources Code § 21000 et seq.). City staff has determined that the designation of the Property as surplus does not have the potential for creating a significant effect on the environment and is therefore exempt from further review under CEQA pursuant to State CEQA Guidelines § 15060(c)(3) because it is not a project as defined by the CEQA Guidelines § 15378.
5) The City Clerk is directed to file a Notice of Exemption pursuant to CEQA Guidelines § 15062.
6) This Resolution shall take effect upon the date of its adoption.
APPROVED AND ADOPTED this 21st day of November, 2023.
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 4 Resolution No. 2023-__
Date Adopted: November 21, 2023
Ulises Cabrera, Mayor
ATTEST:
Jane Halstead, CMC, City Clerk
APPROVED AS TO FORM:
Steven B. Quintanilla, City Attorney
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 5 Resolution No. 2023-__
Date Adopted: November 21, 2023
RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY )
I, Jane Halstead, City Clerk of the City of Moreno Valley, California, do hereby certify that Resolution No. 2023 - was duly and regularly adopted by the City Council of the City of Moreno Valley at a regular meeting thereof held on the 21st day of November , 2023 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
Jane Halstead, CMC, City Clerk
(SEAL)
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 6 Resolution No. 2023-__
Date Adopted: November 21, 2023
EXHIBIT “A”
PROPERTY DESCRIPTION
The real property in the City of Moreno Valley, County of Riverside, State of California, described as follows:
APN 487-470-30:
Lots 1, 2, 7, and 8 in Block 104 of the lands of the Bear Valley and Alessandro Development Company, in the City of Moreno Valley, County of Riverside, State of California, as shown by Map on file in Book 11, Page 10, of Maps, records of San Bernardino County, California.
Excepting therefrom that portion conveyed to the County of Riverside by grant deed recorded April 20, 1976 as Instrument No. 52387, of Official Records.
APN 487-470-031:
Lots 2, 7, and 8 in Block 93 of the lands of the Bear Valley and Alessandro Development Company, in the City of Moreno Valley, County of Riverside, State of California, as shown by Map on file in Book 11, Page 10, of Maps, Records of San Bernardino County, California.
Excepting therefrom that portion as granted to the Eastern Municipal Water District described in deed recorded March 7, 2012, as Instrument No. 2012-0105312, of Official Records.
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 7 Resolution No. 2023-__
Date Adopted: November 21, 2023
EXHIBIT “B”
CITY OF MORENO VALLEY
14177 Frederick Street / PO Box 88005, Moreno Valley, CA 92552 Telephone (951) 413-3000
NOTICE OF AVAILABILITY OF SURPLUS LAND
(Via Email)
Date: November 27, 2023
TO: Interested Local Agencies and Housing Sponsors
RE: Notice of Availability of Surplus Land in the City of Moreno Valley Pursuant to California Government Code § 54220, et seq.
Pursuant to the provisions of California Government Code § 54220, et seq., the City of Moreno Valley (“City”) hereby notifies interested local agencies and housing sponsors (“Designated Parties”) of the availability for lease or purchase of the following surplus City- owned land (“Property”):
Property Address: None: Approximately 56.42 acres of vacant land located at the northwest corner of
Alessandro Boulevard and Nason Street
Assessor’s Parcel No.: APNs 487-470-030 and -031
General Plan Designation: Mixed Use Downtown Center (DC) Zoning: Mixed Use Downtown Center (DC)
Current Use: 2 adjacent vacant lots
Copies of the aerial image and assessor map showing the Property are attached. The Property is undeveloped raw land that will require subdivision and the installation of certain types of backbone and in -tract infrastructure improvements as a prerequisite to the development of the land and all such costs and any other costs related to the entitlement and/or development of the Property are the sole responsibility of the buyer. The general plan and zoning designation for the Property is Mixed Use Downtown Ce nter (DC).
Additional information regarding the Property’s general plan and zoning designations and the standards related thereto may be found at these links:
https://moval.gov/city_hall/general-plan2040/02-LandUse.pdf
and
https://library.qcode.us/lib/moreno_valley_ca/pub/municipal_code/item/title_9-chapter_9_07- article_i-9_07_010
The sale of the Property is subject to the following:
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 8 Resolution No. 2023-__
Date Adopted: November 21, 2023
i) Any use of the Property must conform to the development standards of the Mixed Use Downtown Center (DC) general plan and zoning designation and conform to the goals and policies of the general plan (i.e., Goal LCC-2 and Policies LCC.2-1 through LCC.2- 11 and LCC.2-A and -B;
ii) Any sale of the Property must include both parcels in their entirety (i.e., carveouts will not be considered);
iii) The sale will be in as “as-is, where-is” condition; iv) The City will not provide a warranty with respect to the condition or suitability of the Property for any purpose;
v) The buyer’s requirements precedent to close of escrow may only include normal and customary conditions within a due diligence period corresponding to commonly accepted commercial practices; and
vi) The sale will be at a fair market price on an all-cash basis payable in full at the close of escrow.
A Designated Party desiring to purchase or lease the Property for any of the purposes authorized by Government Code § 54222, must file a written statement of interest with the representative designated below within 60 days from the date of this Notice of Availability as confirmed by the date set forth below. Designated Parties proposing to submit a statement of interest are advised to review the requirements set forth in the Surplus Land Act (Government Code §§ 54220-54234).
Please send written statements of interest via e-mail to:
Biran Mohan, Assistant City Manager
14177 Frederick Street
PO Box 88005
Moreno Valley, California 92552
[email protected]
With copies to:
Steven H. Dukett, Development Consultant to the City
2305 Chicago Avenue
Riverside, California 92507
[email protected]
For further information, please contact Mr. Steven H. Dukett, Managing Director of Development Services, TKE Engineering, Inc. (development consultant to the City), at (909) 967-8205 or [email protected].
Consistent with the foregoing, the final day to submit a written statement of interest to either lease or purchase the Property is Friday, January 26, 2024 by 5:00 PM.
Attachments (Aerial Image and Assessor Map)
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 9 Resolution No. 2023-__
Date Adopted: November 21, 2023
Attachment No. 1
AERIAL IMAGE OF THE PROPERTY
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION 10 Resolution No. 2023-__
Date Adopted: November 21, 2023
Attachment No. 2
ASSESSOR’S PARCEL MAP OF THE PROPERTY
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Attachment: 11.21.23 Moreno Valley CC Resolution Declaring Surplus Property APNs 487-470-031 and -031 v11-13-2023 (6452 : A RESOLUTION -1-
Exhibit “B”
CITY OF MORENO VALLEY
14177 Frederick Street / PO Box 88005, Moreno Valley, CA 92552 Telephone (951) 413-3000
NOTICE OF AVAILABILITY OF SURPLUS LAND
(Via Email)
Date: November 27, 2023
TO: Interested Local Agencies and Housing Sponsors
RE: Notice of Availability of Surplus Land in the City of Moreno Valley Pursuant to California Government Code § 54220, et seq.
Pursuant to the provisions of California Government Code § 54220, et seq., the City of Moreno Valley (“City”) hereby notifies interested local agencies and housing sponsors (“Designated Parties”) of the availability for lease or purchase of the following surplus City-owned land (“Property”):
Property Address: None: Approximately 56.42 acres of vacant land located at the northwest corner of Alessandro Boulevard and Nason
Street
Assessor’s Parcel No.: APNs 487-470-030 and -031
General Plan Designation: Mixed Use Downtown Center (DC) Zoning: Mixed Use Downtown Center (DC)
Current Use: 2 adjacent vacant lots
Copies of the aerial image and assessor map showing the Property are attached. The Property is undeveloped raw land that will require subdivision and the installation of certain types of backbone and in-tract infrastructure improvements as a prerequisite to the development of the land and all such costs and any other costs related to the entitlement and/or development of the Property are the sole responsibility of the buyer. The general plan and zoning designation for the Property is Mixed Use Downtown Ce nter (DC). Additional information regarding the Property’s general plan and zoning designations and the standards related thereto may be found at these links:
https://moval.gov/city_hall/general-plan2040/02-LandUse.pdf
and
https://library.qcode.us/lib/moreno_valley_ca/pub/municipal_code/item/title_9-chapter_9_07-article_i-9_07_010
The sale of the Property is subject to the following:
i) Any use of the Property must conform to the development standards of the Mixed Use Downtown Center (DC) general plan and zoning designation and conform to the goals and policies of the general plan (i.e., Goal LCC-2 and Policies LCC.2-1 through LCC.2-11 and LCC.2-A and -B; ii) Any sale of the Property must include both parcels in their entirety (i.e., carveouts will not be considered);
iii) The sale will be in as “as-is, where-is” condition; iv) The City will not provide a warranty with respect to the condition or suitability of the Property for any purpose;
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Attachment: 11.21.23 Notice of Availability per SLA APNs 487-470-030 and 031 v11-13-2023 (6452 : A RESOLUTION OF THE CITY COUNCIL OF -2-
v) The buyer’s requirements precedent to close of escrow may only include normal and customary conditions within a due diligence period corresponding to commonly accepted commercial practices; and
vi) The sale will be at a fair market price on an all-cash basis payable in full at the close of escrow.
A Designated Party desiring to purchase or lease the Property for any of the purposes authorized by Government Code § 54222, must file a written statement of interest with the representative designated below within 60 days from the date of this Notice of Availability as confirmed by the date set forth below.
Designated Parties proposing to submit a statement of interest are advised to review the requirements set forth in the Surplus Land Act (Government Code §§ 54220-54234).
Please send written statements of interest via e-mail to:
Biran Mohan, Assistant City Manager
14177 Frederick Street
PO Box 88005
Moreno Valley, California 92552
[email protected]
With copies to:
Steven H. Dukett, Development Consultant to the City
2305 Chicago Avenue
Riverside, California 92507
[email protected]
For further information, please contact Mr. Steven H. Dukett, Managing Director of Development Services, TKE Engineering, Inc. (development consultant to the City ), at (909) 967 -8205 or [email protected].
Consistent with the foregoing, the final day to submit a written statement of interest to either lease or purchase the Property is Friday, January 26, 2024 by 5:00 PM.
Attachments (Aerial Image and Assessor Map)
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Attachment: 11.21.23 Notice of Availability per SLA APNs 487-470-030 and 031 v11-13-2023 (6452 : A RESOLUTION OF THE CITY COUNCIL OF -3-
Attachment No. 1
AERIAL IMAGE OF THE PROPERTY
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Attachment: 11.21.23 Notice of Availability per SLA APNs 487-470-030 and 031 v11-13-2023 (6452 : A RESOLUTION OF THE CITY COUNCIL OF -4-
Attachment No. 2
ASSESSOR’S PARCEL MAP OF THE PROPERTY
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Attachment: 11.21.23 Notice of Availability per SLA APNs 487-470-030 and 031 v11-13-2023 (6452 : A RESOLUTION OF THE CITY COUNCIL OF
Report to City Council
ID#6437 Page 1
TO: Mayor and City Council
FROM: Sean P. Kelleher, Community Development Director
AGENDA DATE: November 21, 2023
TITLE: AUTHORIZATION TO AWARD AGREEMENT FOR ON -
SITE AND/OR PROFESSIONAL SERVICES FOR
CITYWIDE SHOPPING CART RETRIEVAL SERVICES TO
CART RETRIEVAL, INC. (AGMT. NO. 2023-XXX)
RECOMMENDED ACTION
Recommendations:
1. Approve and award an agreement with Cart Retrieval, Inc. to provide citywide shopping cart retrieval services not -to-exceed $365,000.00, and authorize the City Manager, or their designee, to execute the agreement, and any subsequent amendments, subject to the approval of the City Attorney, in accordance with approved budgets previously approved by Council during the adopted budget process.
2. Authorize the Purchasing Division Manager, or their designee, to approve a purchase order to Cart Retrieval, Inc. in accordance with approved terms of the Agreement.
3. Authorize the Chief Financial Officer , or their designee, to make any necessary budget adjustments as recommended in this report.
SUMMARY
This report recommends approval of an Agreement for On -Site and/or Professional Services with Cart Retrieval, Inc. in the amount of $365,000.00 for citywide shopping cart retrieval services.
Cart Retrieval, Inc. is recommended for this project following a thorough review and rating of multiple proposals submitted to the City in response to a Request for Proposals (RFP) issued for this work. The selected vendor will work in concert with City staff to A.7
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ensure timely collection of abandoned shopping carts throughout the City.
DISCUSSION
The City’s shopping cart retrieval program aims to maintain carts for their intended purposes, and to control and limit blight because of misused and abandoned shopping carts. Currently, the City’s vendor collects over 9,300 abandoned shopping carts annually throughout the City. This agreement expires on December 31, 2023.
This report recommends award of an Agreement to Cart Retrieval, Inc. Collection services will be provided citywide. The monthly rate for services will be billed on a tiered/per cart hybrid pricing model. Tier/per cart pricing consists of percentage -based pricing in tiers based on the volume of carts collected by the Contractor, using the most recent 5 -year cart collection average. The Consultant will invoice each month for a percentage of their contract collection rate, as illustrated below:
95% - 100% of 5-year cart collection average: 100% of contract collection rate 85% - 94% of 5-year cart collection average: 90% of contract collection rate 75% - 84% of 5-year cart collection average: 80% of contract collection rate 50% - 74% of 5-year cart collection average: 70% of contract collection rate 49% and lower of 5-year cart collection average: Per cart rate Under the Agreement, all collected carts will be returned to the City Yard for recovery by the individual stores/businesses. Carts not recovered at the City Yard by the respective stores will be recycled in accordance with state guidelines.
On August 3, 2023, the Community Enhancement & Neighborhood Services Division issued a Request for Proposal (RFP) soliciting services for the shopping cart retrieval program. The RFP was broadly advertised on the City’s online bid portal, OpenGov Procurement, to ensure an open competitive process. On August 24, 2023, the City received four (4) qualifying responses from the following firms:
• CarTrac
• Cart Retrieval, Inc.
• Fleetwash, Inc.
• West Coast Shopping Cart Service, Inc.
A team of staff evaluators consisting of the Community Enhancement Division Manager, the Community Enhancement Supervisor, and a Senior Community Enhancement Officer, reviewed and rated the submitted proposals. The responses were evaluated using a point system to score multiple criteria:
• Understanding of the scope of the requested service;
• Firm ability to provide the required services;
• Prior successful history of performing similar work; and A.7
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• Costs.
After evaluation, the top two firms were invited to an onsite interview to further address and clarify how their proposed services benefit the City and its residents.
Based on services provided and with consideration of the City’s current collection rates and the fees proposed, Cart Retrieval, Inc. was selected as the best suited for the project.
The Agreement will be in effect from January 1, 2024, through June 30, 2026, and may be extended two (2) additional years with a written amendment, ending in FY27/28, if no written notice of termination is received by either party in accordance with and as provided for in the Agreement.
ALTERNATIVES
1. Approve and authorize the recommended actions as presented in this report. This alternate is recommended by staff as it will facilitate uninterrupted cart collection services citywide.
2. Do not approve and authorize the recommended actions in this report. This alternative is not recommended by staff a s it would cause interruption in the City’s cart collection services.
FISCAL IMPACT
The Agreement will not further impact the General Fund.
The current, Council -approved FY23/24 adopted budget expenditures are projected to cover the current year. Agreement funding is from 1010-20-26-20110-625020.
Future budget adjustments, if needed, will be estimated and completed through year - end budget carryover, or quarterly budget adjustments, to allow for projected expenditure levels through FY27/28, and programmed into the two -year budget creation cycle for the remainder of the term of the agreement.
No additional budget adjustments are being requested at this time.
NOTIFICATION
Publication of the Agenda.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Robert Alvarez Sean P. Kelleher
Community Enhancement & Neighborhood Services Community Development Director Division Manager
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CITY COUNCIL GOALS
Public Safety. Provide a safe and secure environment for people and property in the community, control the number and severity of fire and hazardous material incidents, and provide protection for citizens who live, work and visit the City of Moreno Valley.
Positive Environment. Create a positive environment for the development of Moreno Valley's future.
Community Image, Neighborhood Pride and Cleanliness . Promote a sense of community pride and foster an excellent image about our City by developing and executing programs which will result in quality development, enhanced neighborhood preservation efforts, including home rehabilitation and neighborhood restoration.
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
Objective 5.5: Promote a healthy community and lifestyle.
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. Cart Retrieval Agreement for On-Site and-or Professional Services 20231121
APPROVALS
Budget Officer Approval ✓ Approved . 11/12/23 7:38 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 11/13/23 9:00 AM A.7
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City of Moreno Valley
AGREEMENT FOR ON-SITE AND/OR PROFESSIONAL SERVICES
This Agreement is made by and between the City of Moreno Valley , California, a municipal corporation, with its principal place of business at 14177 Frederick Street, Moreno Valley, CA 92552, hereinafter referred to as the “City”, and CART RETRIEVAL, INC., a CORPORATION, with its principal place of business at 9668 MILLI KEN AVE., SUITE 104 -389, ONTARIO, CA, 91730 , hereinafter referred to as the “Vendor,” based upon City policies and the following legal citations:
RECITALS
A. Government Code Section 53060 authorizes the engagement of persons to perform special services as independent Vendors;
B. Vendor desires to perform and assume responsibility for the provision of professional citywide shopping cart retrieval and removal contracting services required by the City on the terms and conditions set forth in this Agreement. Vendor represents that it is experienced in providing professional citywide shopping cart retrieval and removal contracting services, is licensed in the State of California, if applicable; C. City desires to engage Vendor to render such services for the citywide shopping cart retrieval and removal as set forth in this Agreement;
D. The public interest, convenience, necessity and general welfare will be served by this Agreement; and
E. This Agreement is made and entered into effective the date the City signs this Agreement.
TERMS
1. VENDOR INFORMATION:
Vendor’s Name: Cart Retrieval, Inc.
Address: 9668 Milliken Ave., Suite 104-389
City: Ontario State: CA Zip: 91730
Business Phone: 909-300-4857 Fax No. 909-324-6570
Other Contact Number: 800-889-4350
Business License Number: _________________________
Federal Tax I.D. Number: 81-3612722
2. VENDOR SERVICES, FEES, AND RELEVANT DATES:
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT A. The Vendor’s scope of service is described in Exhibit “A” attached hereto and incorporated herein by this reference.
B. The City’s responsibilities, other than payment, are described in Exhibit “B” attached hereto and incorporated herein by this reference.
C. Payment terms are provided in Exhibit “C” attached hereto and incorporated herein by this reference.
D. The term of this Agreement shall be from January 1, 2024 to June 30, 2026, with one (1) optional 2 -yr extension through June 30, 2028, when agreed upon in a written amendment executed by both parties, unless terminated earlier as provided herein.
The City acknowledges that it will not unreasonably withhold approval of the Vendor’s requests for extensions of time in which to complete the work required. The Vendor shall not be responsible for performance delays caused by others or delays beyond the Vendor’s reasonable control (excluding delays caused by non -performance or unjustified delay by Vendor, his/her/its employees, or subcontractors), and such delays shall extend the time for performance of the work by the Vendor.
3. STANDARD TERMS AND CONDITIONS:
A. Control of Work. Vendor is solely responsible for the content and sequen ce of the work and will not be subject to control and direction as to the details and means for accomplishing the anticipated results of services. The City will not provide any training to Vendor or his/her/its employees.
B. Intent of Parties. Vendor is, an d at all times shall be, an independent Vendor and nothing contained herein shall be construed as making the Vendor or any individual whose compensation for services is paid by the Vendor, an agent or employee of the City, or authorizing the Vendor to create or assume any obligation or liability for or on behalf of the City, or entitling the Vendor to any right, benefit, or privilege applicable to any officer or employee of the City.
C. Subcontracting. Vendor may retain or subcontract for the services of other necessary Vendors with the prior written approval of the City. Payment for such services shall be the responsibility of the Vendor. Any and all subcontractors shall be subject to the terms and conditions of this Agreement, with the exception that the C ity shall have no obligation to pay for any subcontractor services rendered. Vendor shall be responsible for paying prevailing wages where required by law [See California Labor Code Sections 1770 through 1777.7].
D. Conformance to Applicable Requirements . A ll work prepared by Vendor shall be subject to the approval of City.
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT E. Substitution of Key Personnel . Vendor has represented to City that certain key personnel will perform and coordinate the services under this Agreement. Should one or more of such person nel become unavailable, Vendor may substitute other personnel of at least equal competence upon written approval of City. In the event that City and Vendor cannot agree as to the substitution of key personnel, City shall be entitled to terminate this Agreement for cause. As discussed below, any personnel who fail or refuse to perform the services in a manner acceptable to the City, or who are determined by the City to be uncooperative, incompetent, a threat to the adequate or timely completion of the proj ect or a threat to the safety of persons or property, shall be promptly removed from the project by the Vendor at the request of the City. The key personnel for performance of this Agreement are as follows:
Daniel Ramirez, Field Supervisor; Marco Messina, Data Processing & Management; Francisco Jimenez, Cart Locations Pickup Dispatch; Ivan Verdugo, Driver; No e Ceballos, Driver; and Angel Bello, Driver.
F. City’s Representative . The City hereby designates the City Manager, or his or her designee, to act as its representative for the performance of this Agreement (“City’s Representative”). Vendor shall not accept direction or orders from any person other than the City’s Representative or his or her designee.
G. Vendor’s Representative. Vendor hereby designates Jesse Astorga, CEO, or his or her designee, to act as its representative for the performance of this Agreement (“Vendor’s Representative”). Vendor’s Representative shall have full authority to represent and act on behalf of the Vendor for all purposes under this Agreement. The Vendor’s Representative shall supervise and direct the services, using his or her best skill and attention, and shall be responsible for all means, methods, techniques, sequences and procedures and for the satisfactory coordination of all portions of the services under this Agreement.
H. Legal Considerations . The Vendor shall comply with applicable federal, state, and local laws in the performance of this Agreement. Vendor shall be liable for all violations of such laws and regulatio ns in connection with services. If the Vendor performs any work knowing it to be contrary to such laws, rules and regulations and without giving written notice to the City, Vendor shall be solely responsible for all costs arising therefrom. Vendor shall defend, indemnify and hold City, its officials, directors, officers, employees and agents free and harmless, pursuant to the indemnification provisions of this Agreement, from any claim or liability arising out of any failure or alleged failure to comply with such laws, rules or regulations.
I. Standard of Care; Performance of Employees. Vendor shall perform all services under this Agreement in a skillful and competent manner, consistent with the standards generally recognized as being employed by professionals in the same discipline in the State of California. Vendor represents and maintains that it is skilled in the profession necessary to perform the services. Vendor warrants that all employees and A.7.a
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT subcontractor shall have sufficient skill and experience t o perform the services assigned to them. Finally, Vendor represents that it, its employees and subcontractors have all licenses, permits, qualifications and approvals of whatever nature that are legally required to perform the services and that such licen ses and approvals shall be maintained throughout the term of this Agreement. Any employee of the Vendor or its subcontractors who is determined by the City to be uncooperative, incompetent, a threat to the adequate or timely completion of the project, a t hreat to the safety of persons or property, or any employee who fails or refuses to perform the services in a manner acceptable to the City, shall be promptly removed from the project by the Vendor and shall not be re-employed to perform any of the services or to work on the project.
J. Vendor Indemnification . Vendor shall indemnify, defend and hold the City, the Moreno Valley Housing Authority, and the Moreno Valley Community Services District (CSD), their officers, agents and employees harmless from any and all claims, damages, losses, causes of action and demands, including, without limitation, the payment of all consequential damages, expert witness fees, reasonable attorney’s fees and other related costs and expenses, incurred in connection with or in any manner arising out of Vendor’s performance of the work contemplated by this Agreement and this Agreement. Acceptance of this Agreement signifies that the Vendor is not covered under the City’s general liability insurance, employee benefits, or worker’s c ompensation. It further establishes that the Vendor shall be fully responsible for such coverage. Vendor’s obligation to indemnify shall survive expiration or termination of this Agreement, and shall not be restricted to insurance proceeds, if any, received by the City, the Moreno Valley Housing Authority, and the CSD, and their officers, agents and employees.
K. Additional Indemnity Obligations . Vendor shall defend, with counsel of City’s choosing and at Vendor’s own cost, expense and risk, any and all claims, suits, actions or other proceedings of every kind covered by Section “J” that may be brought or instituted against City, the Moreno Valley Housing Authority, and the CSD, and their officers, agents and employees. Vendor shall pay and satisfy any judgment, award or decree that may be rendered against City, the Moreno Valley Housing Authority, and the CSD, and their officers, agents and employees as part of any such claim, suit, action or other proceeding. Vendor shall also reimburse City for the cost of any settlement paid by City, the Moreno Valley Housing Authority, and the CSD, and their officers, agents and employees as part of any such claim, suit, action or other proceeding. Such reimbursement shall include payment for City’s attorney’s fees and costs, including expert witness fees. Vendor shall reimburse City, the Moreno Valley Housing Authority, and the CSD, and their officers, agents and employees for any and all legal expenses and costs incurred by each of them in connection therewith or in enforcing the indemnity herein provided.
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT L. CalPERS Indemnity. To the fullest extent permitted by law, in addition to obligations set forth in this section, in the event that any person providing services under this Agreement is determined by a court of co mpetent jurisdiction or CalPERS to be eligible for enrollment in CalPERS as an employee of the City, to the fullest extent of the law, VENDOR shall indemnify, defend, and hold harmless City for any costs and expenses incurred by City, including without limitation, payment that City is required as a result to make to CalPERS, whether in the form of employee and/or employer contributions, taxes, or any similar obligations, as well as for the payment of any penalties and interest.
M. CalPERS Participation. As set forth in this Agreement and in the Request for Qualifications, City has an obligation to treat all persons working for or under the direction of VENDOR as an independent Vendor of City and agents and employees of VENDOR, and not as agents or employees of City. VENDOR and City acknowledge and agree that City participates in a defined benefit plan (“CalPERS”), and that it is possible that CalPERS may find that persons providing services pursuant to this Agreement are employees of City and should be registered with the CalPERS as employees of City.
N. CalPERS Retiree Disclosure . VENDOR hereby expressly agrees to clearly and conspicuously disclose to City in writing any and all persons working for VENDOR who are retirees under the California Public Employees’ Ret irement System (CalPERS) whom receives a monthly CalPERS retirement allowance, and whom are, subject to City approval, assigned by VENDOR to provide services to City under the Agreement, prior to such person performing any services hereunder. Nothing herei n shall be deemed or interpreted to limit a CalPERS retiree’s obligations under applicable law, rules or regulations.
O. Joint Cooperation . In the event that CalPERS initiates an inquiry that includes examination of whether individuals providing services und er this Agreement to City are City’s employees, VENDOR shall within five days and share all communications and documents from CalPERS that it may legally share. In the event that either VENDOR or City files an appeal or court challenge, VENDOR and City ea ch agree to cooperate with each other in responding to the inquiry and any subsequent administrative appeal or court challenge of an adverse determination.
P. Insurance Requirements. Throughout the life of this AGREEMENT, Vendors shall pay for and maintain in full force and effect all insurance as required.
If at any time during the life of this AGREEMENT or any extension, VENDOR or any of its subcontractors fail to maintain any required insurance in full force and effect, all services and work under this AGREEMENT shall be discontinued immediately, and all payments due or that become due to VENDOR shall be withheld until notice is received by CITY that the required insurance has been restored to full force and effect A.7.a
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT and that the premiums therefore have been paid for a period satisfactory to CITY. Any failure to maintain the required insurance shall be sufficient cause for CITY to terminate this AGREEMENT. No action taken by CITY pursuant to this section shall in any way relieve VENDOR of its responsibilitie s under this AGREEMENT. The phrase "fail to maintain any required insurance" shall include, without limitation, notification received by CITY that an insurer has commenced proceedings, or has had proceedings commenced against it, indicating that the insurer is insolvent.
The fact that insurance is obtained by VENDOR shall not be deemed to release or diminish the liability of VENDOR, including, without limitation, liability under the indemnity provisions of this AGREEMENT. The duty to indemnify CITY shall apply to all claims and liability regardless of whether any insurance policies are applicable. The policy limits do not act as a limitation upon the amount of indemnification to be provided by VENDOR. Approval or purchase of any insurance contracts or policies shall in no way relieve from liability nor limit the liability of VENDOR, its principals, officers, agents, employees, persons under the supervision of VENDOR, suppliers, invitees, consultants, sub -consultants, subcontractors, or anyone employed directl y or indirectly by any of them.
Upon request of CITY, VENDOR shall immediately furnish CITY with a complete copy of any insurance policy and associated documentation required under this AGREEMENT, including all endorsements, with said copy certified by the underwriter to be a true and correct copy of the original policy. This requirement shall survive expiration or termination of this AGREEMENT
Where determined applicable by the CITY, VENDOR will comply with the following insurance requirements at its sole expense. Insurance companies shall be rated (A Minus: VII-Admitted) or better in Best's Insurance Rating Guide and shall be legally licensed and qualified to conduct business in the State of California.
Minimum Scope of Insurance: Coverage shall be at least as broad as:
1) The most current version of Insurance Services Office (ISO) Commercial General Liability Coverage Form CG 00 01 covering on an “occurrence” basis, which shall include insurance for "bodily injury," "property damage" and "personal and advertising injury" with coverage for premises and operations, products and completed operations, and contractual liability.
2) The most current version of Insurance Service Office (ISO) Business Auto Coverage Form CA 00 01, which shall include coverage for all owned, hired, and non-owned automobiles or other licensed vehicles (Code 1- Any Auto). 3) Workers' Compensation insurance as required by the State of California, California Labor Code and Employer's Liability Insurance, with Statutory Limits, and A.7.a
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT Employer’s Liability Insurance with limits of no less than $1,000,000 per accident for bodily injury or disease.
4) Professional Liability (Errors and Omissions) insurance appropriate to VENDOR'S profession.
Minimum Limits of Insurance:
a. General Liability Insurance. Without limiting the generality of the forgoing, to protect against loss from liability imposed by law for damages on account of bodily injury, including death, and/or property damage suffered or alleged to be suffered by any person or persons whomever, resulting directly or indirectly from any act or activities of the VENDOR, sub -contractor, or any person acting for the VENDOR or under its control or direction. Such insurance shall be maintained in full force and effect throughout the terms of this AGREEMENT and any extension thereof in the minimum amounts provided below:
• $1,000,000 per occurrence for bodily injury and property damage • $1,000,000 per occurrence for personal and advertising injury • $2,000,000 aggregate for products and completed operations • $2,000,000 general aggregate
b. Automobile Liability
• $1,000,000 per accident for bodily injury and property damage c. Employer's Liability (Worker's Compensation)
• $1,000,000 each accident for bodily injury
• $1,000,000 disease each employee
• $1,000,000 disease policy limit
d. The Workers' Compensation insurance policy : In such amounts as will fully comply with the laws of the State of California and which shall indemnify, insure and provide legal defense for both the VENDOR and the CITY, HA, and CSD against any loss, claim or damage arising from any injuries or occupational diseases happening to any worker employed by the VENDOR in the course of carrying out this AGREEMENT. Workers' Compensation insurance policy is to contain, or be endorsed to contain, the following provision: VENDOR and its insurer shall waive any right of subrogation against City of Moreno Valley, CSD, Housing Authority and each of their officers, officials, employees, agents and volunteers.
e. Professional Liability (Errors and Omissions) : Limits of no less than $1,000,000 per occurrence or claim, $2,000,000 aggregate.
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT f. Endorsements. Unless otherwise specified hereunder, each insurance policy required herein shall be with insurers possessing a Best’s rating of no less than A,VII and shall be endorsed with the following specific language:
• The insurer waives all rights of subrogation against the City, its appointed officials, officers, employees or agents.
Other Insurance Provisions: The General Liability, Automobile Liability and Workers Compensation insurance policies are to contain, or be endorsed to contain, the following provisions:
a. City of Moreno Valley, the City of Moreno Valley Community Services District, the Moreno Valley Housing Authority and each of their officers, officials, employees, agents and volunteers are to be covered as additional insureds. b. The coverage shall contain no special limitations on the scope of protection afforded to CITY, CSD, Housing Authority and each of their officers, officials, employees, agents and volunteers.
All polices of insurance required hereunder shall be endorsed to provide that the coverage shall not be cancelled, non -renewed, reduced in coverage or in limits except after 30 calendar day written notice by certified mail, return receipt requested, has been given to the CITY. Upon issuance by the insurer, broker, or agent of a notice of cancellation, non-renewal, or reduction in coverage or in limits, VENDOR shall furnish the CITY with a new certificate and applicable endorsements for such policy(ies). In the event any policy is due to expire during the work to be performed for the CITY, VENDOR shall provide a new certificate, and applicable endorsements, evidencing renewal of such policy not less than 15 calendar days prior to the expiration date of the expiring policy.
Acceptability of Insurers: All policies of insurance required hereunder shall be placed with an insurance company(ies) admitted by the California Insurance Commissioner to do business in the State of California and rated not less than "A- VII" in Best's Insurance Rating Guide; or authorized by the City Manager or designee.
Verification of Coverage: VENDOR shall furnish CITY with all certificates(s) and applicable endorsements effecting coverage required hereunder. All certificates and applicable endorsements are to be received and approved by the City Manager or designee prior to CITY'S execution of this AGREEMENT and before work commences. The following applicable endorsements will be required:
1. Additional Insured endorsement for ongoing operations, c ompleted operations and primary & non-contributory endorsement for general liability coverage
2. Additional Insured endorsement for auto liability coverage
3. Waiver of Subrogation for workers compensation coverage
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT Q. Intellectual Property . Any system or document s developed, produced or provided under this Agreement, including any intellectual property discovered or developed by Vendor in the course of performing or otherwise as a result of its work, shall become the sole property of the City unless explicitly stated otherwise in this Agreement. The Vendor may retain copies of any and all material, including drawings, documents, and specifications, produced by the Vendor in performance of this Agreement. The City and the Vendor agree that to the extent permitted by law, until final approval by the City, all data shall be treated as confidential and will not be released to third parties without the prior written consent of both parties.
R. Entire Agreement . This Agreement constitutes the entire agreement between the parties. There are no understandings, agreements, or representations of warranties, expressed or implied, not specified in this Agreement. This Agreement applies only to the current proposal as attached. This Agreement may be modified or amended only by a subsequent written Agreement signed by both parties. Assignment of this Agreement is prohibited without prior written consent.
S. (a) The City may terminate the whole or any part of this Agreement at any time without cause by giving at least ten (10) days written notice to the Vendor. The written notice shall specify the date of termination. Upon receipt of such notice, the Vendor may continue work through the date of termination, provided that no work or service(s) shall be commenced or continued after receipt of the notice which is not intended to protect the interest of the City. The City shall pay the Vendor within thirty (30) days after receiving any invoice after the date of termination for all non-objected to services performed by the Vendor in acc ordance herewith through the date of termination.
(b) Either party may terminate this Agreement for cause. In the event the City terminates this Agreement for cause, the Vendor shall perform no further work or service(s) under the Agreement unless the n otice of termination authorizes such further work.
(c) If this Agreement is terminated as provided herein, City may require Vendor to provide all finished or unfinished documents and data and other information of any kind prepared by Vendor in connection w ith the performance of services under this Agreement. Vendor shall be required to provide such documents and other information within fifteen (15) days of the request.
(d) In the event this Agreement is terminated in whole or in part as provided herein, City may procure, upon such terms and in such manner as it may determine appropriate, similar to those terminated.
T. Payment. Payments to the Vendor pursuant to this Agre ement will be reported to Federal and State taxing authorities as required. The City will not withhold any sums from compensation payable to Vendor. Vendor is independently responsible for the A.7.a
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT payment of all applicable taxes. Where the payment terms provide for compensation on a time and materials basis, the Vendor shall maintain adequate records to permit inspection and audit of the Vendor’s time and materials charges under the Agreement. Such records shall be retained by the Vendor for three (3) years following completion of the services under the Agreement.
U. Restrictions on City Employees . The Vendor shall not employ any City employee or official in the work performed pursuant to this Agreement. No officer or employee of the City shall have any financial interest in this Agreement in violation of federal, state, or local law.
V. Choice of Law and Venue. The laws of the State of California shall govern the rights, obligations, duties, and liabilities of the parties to this Agreement, and shall govern the interpretation of this Agreement. Any legal proceeding arising from this Agreement shall be brought in the appropriate court located in Riverside County, State of California.
W. Delivery of Notices. All notices permitted or required under this Agreement s hall be given to the respective parties at the following address, or at such other address as the respective parties may provide in writing for this purpose:
Vendor:
Cart Retrieval, Inc.
9668 Milliken Ave., Suite 104-389
Ontario, CA 91730
Attn: Jesse Astorga, CEO
City:
City of Moreno Valley
14177 Frederick Street
P.O. Box 88005
Moreno Valley, CA 92552
Attn: Community Enhancement Division Manager/Carts
Such notice shall be deemed made when personally delivered or when mailed, forty -eight (48) hours after deposit in the U.S. Mail, first class postage prepaid and addressed to the party at its applicable address. Actual notice shall be deemed adequate notice on the date actual notice occurred, regardless of the method of service.
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT X. Time of Essence . Time is of the essence for each and every provision of this Agreement.
Y. City’s Right to Employ Other Vendors. City reserves right to employ other Vendors in connection with this project.
Z. Amendment; Modification . No supplement, modification, or amendmen t of this Agreement shall be binding unless executed in writing and signed by both parties.
AA. 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, such attempted assignment, hypothecation or transfer.
BB. Supplementary General Conditions (for projects that are funded by Federal programs). The following provisions, pursuant to 44 Code of Federal Regulations, Part 13, Subpart C, Section 13.36, as it may be amended from time to time, are included in the Agreement and are required to be included in all subcontracts entered into by VENDOR for work pursuant to the Agreement, unless otherwise expressly provided herein. These provisions supersede any conflicting provisi ons in the General Conditions and shall take precedence over the General Conditions for purposes of interpretation of the General Conditions. These provisions do not otherwise modify or replace General Conditions not in direct conflict with these provision s. Definitions used in these provisions are as contained in the General Conditions.
1. VENDOR shall be subject to the administrative, contractual, and legal remedies provided in the General Conditions in the event VENDOR violates or breaches terms of the Agreement.
2. CITY may terminate the Agreement for cause or for convenience, and VENDOR may terminate the Agreement, as provided the General Conditions.
3. VENDOR shall comply with Executive Order 11246 of September 24, 1965, entitled Equal Employment Opportun ity, as amended by Executive Order 11375 of October 13, 1967, and as supplemented in Department of Labor regulations (41 CFR chapter 60). (All construction contracts awarded in excess of $10,000 by CITY and/or subcontracts in excess of $10,000 entered into by VENDOR.)
4. VENDOR shall comply with the Copeland Anti-Kickback Act (18 U.S.C. 874) as supplemented in Department of Labor regulations (29 CFR Part 3) (All contracts and subcontracts for construction or repair.)
5. VENDOR shall comply with the Davis-Bacon Act (40 U.S.C. 276a to 276a7) as supplemented by Department of Labor regulations (29 CFR Part 5).
6. VENDOR shall comply with Sections 103 and 107 of the Contract Work Hours and Safety Standards Act ( 40 U.S.C. 327330) as supplemented by Department of Labor regulations (29 CFR Part 5).
7. VENDOR shall observe CITY requirements and regulations pertaining to A.7.a
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT reporting included in the General Conditions.
8. Patent rights with respect to any discovery or invention which arises or is developed in the course of or under the Agreement shall be retained by the CITY.
9. Copyrights and rights in data developed in the course of or under the Agreement shall be the property of the CITY. FEMA/CalOES reserve a royalty- free, nonexclusive, irrevocable license to reproduce, publish or otherwise use or authorize to others to use for federal purposes a copyright in any work developed under the Agreement and/or subcontracts for work pursuant to the Agreement.
10. VENDOR shall provide access by the City, the Federal granto r agency, the Comptroller General of the United States, or any of their duly authorized representatives to any books, documents, papers, and records of the Vendor which are directly pertinent to that specific contract for the purpose of making audit, examination, excerpts, and transcriptions.
11. VENDOR shall retain all required records for three years after CITY makes final payments and all other pending matters relating to the Agreement are closed.
12. VENDOR shall comply with all applicable standards, orders, or requirements issued under section 306 of the Clean Air Act (42 U.S.C. 1857(h)), section 508 of the Clean Water Act ( 33 U.S.C. 1368) , Executive Order 11738, and Environmental Protection Agency regulations (40 CFR part 15). (This provision applies to contra cts exceeding $100,000 and to subcontracts entered into pursuant to such contracts.)
13. VENDOR shall comply with mandatory standards and policies relating to energy efficiency which are contained in the State energy conservation plan issued in compliance with the Energy Policy and Conservation Act (Pub. L. 94163, 89 Stat. 871).
CC. Authority To Execute. The representative executing this Agreement on behalf of each party hereby represents and warrants that he or she has full power and authority to execute this Agr eement on behalf of such party and that all approvals and other actions necessary in connection with the effective execution by him or her have been obtained and are in full force and effect as of his or her execution hereof.
SIGNATURE PAGE TO FOLLOW
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT IN WITNESS HEREOF, the parties have each caused their authorized representative to execute this Agreement.
City of Moreno Valley Cart Retrieval, Inc.
BY: BY:
Mike Lee, City Manager
TITLE: ______
_____________________________________
Date (President or Vice President)
____________________________________
Date
BY: ______
TITLE: ______
(Corporate Secretary)
____________________________________
Date
INTERNAL USE ONLY
APPROVED AS TO LEGAL FORM:
City Attorney
Date
RECOMMENDED FOR APPROVAL:
Department Head
(if contract exceeds 15,000)
Date
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT
EXHIBIT A
VENDOR SCOPE OF SERVICES
I. General
A. The City of Moreno Valley is a municipal governmental agency that provides services to approximately 210,000 residents. In addition, the City maintains several hundred miles of public streets, City parks and libraries spread throughout its 52 sq. mi.
B. The City of Moreno Valley’s Community Enhancement and Neighborhood Services Division responds to citizen complaints and proactively identifies code violations on public and private property, protecting the health and safety of the community. This division also ensures voluntary resolution of issues Citywide by enforcing the City’s municipal codes.
C. The City is under contract with its current Contractor through December 31, 2023. The contract awarded through this RFP will be for a term not to exceed five years beginning January 1, 2024, unless terminated in accordance with the terms of the Agreement.
D. The Contractor shall provide services within the City of Moreno Valley only.
E. Areas of greatest need are identified as commercial and multifamily districts and along major transportation/public transportation corridors citywide (see attached Map - ShoppingCartMajorRds uploaded separately in OpenGov). The areas of greatest need may also include those locations identified by the City as “hot spots”. These locations will need to be patrolled more frequently at the direction of the City and may change at the City’s discretion.
F. No portion of the contract shall be permitted to be subcontracted without the express prior written approval from the City.
1. Contractor must disclose the nature of work being subcontracted and the name of the private or public agency.
2. Contractor shall be responsible for ensuring that any subcontractor used operate within the terms of the agreement, and Contractor shall continue to be liable for such services and obligations, and shall not be relieved of any obligation.
G. Contractor shall furnish vehicle(s), personnel, materials, and supplies in connection with retrieval and collection of abandoned carts pursuant to the laws of the State of California and local ordinances.
II. Specific
A. Contractors will collect abandoned shopping carts located off premises from stores, or carts without identifying signs located off premises of any store or retail center, and deposit the carts at the City’s Corporate Yard (25180 Santiago Dr.).
B. In order, Contractor is to collect high priority shopping cart complaints, then patrol high concentrated areas and major arterial roadways (see attached Map - ShoppingCartMajorRds uploaded separately in OpenGov).
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT C. Contractor is to provide services within the City of Moreno Valley only at the time of work.
D. Resources
1. The Contractor shall assign drivers to perform work solely for the City in accordance with the provisions of this contract.
2. Name(s) and vehicle identification number(s) shall be provided to City.
3. Contractor shall provide valid driver’s licenses and insurance in accordance with the City’s minimum insurance standards.
4. The Contractor shall identify a daily supervisor and provide contact information to City for use during regular drop-off hours shown elsewhere in this Scope.
5. The Contractor shall provide the City with a secondary, backup representative contact for use during regular drop-off hours shown elsewhere in this Scope.
6. Contractor shall have contacts readily available via phone, e-mail, or company applications (Apps).
7. Electronic devices and e-mail should be monitored regularly for priority complaints.
E. Schedule
1. The Contractor shall provide vehicle(s) and staff to adequately patrol and retrieve shopping carts four (4) days per week (Monday, Wednesday, Friday, and Saturday*), minimum six (6) hours each day.
F. City Meetings
1. The Contractor shall meet with City personnel a minimum of one (1) meeting per quarter (September, December, March, and June) to facilitate communication, allow opportunity for input, and discuss program issues, status, schedules, coordination and guidance.
2. Schedule to be set by City staff at start of each fiscal year in July.
G. Hotline/Reporting
1. The Contractor will be responsible for providing a toll-free 800 number hotline, and an online app or web portal, for residents/businesses to report abandoned shopping carts locations.
2. The Contractor shall review the City’s shopping cart hotline at least two (2) times daily: at start of business day and mid-shift.
3. Online app or web portal should be ready and accessible to the public and City employees.
4. Contractor shall retrieve reported shopping carts on the same day, whenever possible. All carts must be retrieved within a 48-hour period of the reported time
H. Delivery
1. The contractor shall maintain daily collection log(s) reflecting time, location, and the number of carts that are retrieved, and will be required to be submitted with Contractor’s monthly invoicing.
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT
2. While performing shopping cart retrieval services for the City, the Contractor shall not collect, record collections, nor deliver to the City designated collection area, any carts for businesses that also contract with the Contractor for services.
3. Carts collected under non-City agreements shall not be submitted for invoice to the City, and shall not be collected for, or returned to, the stores during the hours the designated Contractor is performing City services.
The City is not responsible to pay for these carts.
a) This provision of the contract does not preclude the Contractor from having separate merchant/vendor agreements using entirely separate tools, equipment, and vehicle(s) to perform service under non-City agreements.
4. Except for carts identified in item (H.3) above, the Contractor shall deliver all collected carts to the City’s designated collection area (Corporate Yard, 25180 Santiago Dr.) during regular drop-off hours (Monday, Wednesday, Friday, and Saturday, 7:30am-4:30pm*), shall organize the carts in the collection corrals, photo document delivery/collection, and shall maintain a log of each.
5. The Contractor will be responsible for removal and disposal of trash/debris from all carts delivered to City designated collection area.
6. For Friday and Saturday delivery, the Contractor shall obtain a delivery confirmation signature on the cart collection log(s) from City personnel at the time of delivery, if available.
7. At end of each collection day, Contractor shall send email and photo confirmation of delivered shopping carts.
a) City to provide corresponding email.
(*) Cart Delivery to City’s designated collection area not available on City- recognized holidays. It shall be Contractor’s responsibility to obtain and follow the annual City Holiday List. Holiday list can be obtained from Community Enhancement & Neighborhood Services.
Collection days/schedule subject to change at the discretion of the City I. Invoices
1. Contractor shall submit a detailed, monthly invoice covering the billing period from the 1st of the month to the EOM (end of month).
2. Invoices shall be submitted no later than 12 days following the EOM. If that day falls on a weekend or holiday, invoices shall be submitted to City the following business day.
3. Contractor’s monthly invoice shall include:
a) Cart collection log(s) (along with photo confirmation of delivery including City representative signatures) for each billing period. b) A total of carts collected for billing period.
c) Contractor’s monthly invoice shall be submitted via mail or electronically:
City of Moreno Valley
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT Attn: Senior Administrative Assistant, Community Enhancement & Neighborhood Services – Shopping Carts
14177 Frederick Street
P O Box 88005
Moreno Valley, CA 92552
[email protected]
J. Pricing
1. Collection pricing shall be either A) per cart pricing or B) tier/per cart hybrid pricing based on the following:
a) 5 Year Cart Collection Monthly Min: 589 carts b) 5 Year Cart Collection Monthly Max: 964 carts c) 5 Year Cart Collection Monthly Average: 776 carts
2. Per cart pricing is a flat rate paid for each individual cart collected and delivered to the City’s designated collection area during regular drop-off hours.
3. Tier/per cart pricing consists of a percentage based pricing in tiers contingent on the volume of carts collected.
a) Using the most recent 5 year cart collection average, the consultant shall invoice for a percentage of their prosed rate. 95% - 100% of 5 year cart collection average: 100%
85% - 94% of 5 year cart collection average: 90%
75% - 84% of 5 year cart collection average: 80%
50% - 74% of 5 year cart collection average: 70%
49% and lower of 5 year cart collection average: Per cart rate b) Sample tier/per cart pricing:
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT
K. Rate Adjustment
1. Tier Average Adjustment – Approved rates may be reviewed if the Tier Average falls below 50% of the 5 year cart collection average for six (6) consecutive months.
a) To request a Tier Average rate review, Contractor shall submit adjustment request to the City in accordance with 6 month consecutive drop.
b) A grant of a rate adjustment may be recommended by the City Manager, or his or her designee, and referred to the City Council for approval.
c) If granted, the adjustment shall be effective with the next full monthly invoice after approval.
2. Annual Rate Adjustment – Approved rates may be reviewed annually and may be adjusted to reflect changes in the Consumer Price Index for All Urban Consumers (CPI-U).
a) To request a rate review, Contractor shall submit adjustment request to the City by March 1 of each calendar year.
b) The adjustments shall reflect the change in the CPI-U index within the Riverside-San Bernardino-Ontario, CA Metropolitan Area published in February for the January-to-January period just passed.
c) A grant of a rate adjustment may be recommended by the City Manager, or his or her designee, and referred to the City Council for approval.
d) If granted, the adjustment shall be effective on July 1 of each calendar year during the Agreement term.
End of Scope of Services
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT
EXHIBIT B
CITY RESPONSIBILITIES
1. Provide timely review, processing, and reasonably expeditious approval of all submittals by the contractor.
2. The City agrees to provide direction to Contractor in writing as early as practical regarding any particular service requirements that may become necessary from time to time in the performance of the scope of services.
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT
EXHIBIT C
TERMS OF PAYMENT
1. The Vendor's compensation shall not exceed $365,000.00 for the term of the agreement.
2. The Vendor will obtain, and keep current during the term of this Agreement, the required City of Moreno Valley business license. Proof of a current City of Moreno Valley business license will be required prior to any payments by the City. Any invoice not paid because the proof of a current City of Moreno Valley business license has not been provided will not incur any fees, late charges, or other penalties. Complete instructions for obtaining a City of Moreno Valley business license are located at: http://www.moval.org/do_biz/biz- license.shtml
3. The Vendor will electronically submit an invoice to the City on a monthly basis for progress payments along with documentation evidencing services comp leted to date.
The progress payment is based on actual time and materials expended in furnishing authorized professional services since the last invoice. At no time will the City pay for more services than have been satisfactorily completed and the City’ s determination of the amount due for any progress payment shall be final. The Vendor will submit all original invoices to Accounts Payable staff at [email protected] a. Accounts Payable questions can be directed to (951) 413-3073. b. Copies of invoices may be submitted to the Community Enhancement & Neighborhood Services Division at:
c. [email protected] or calls directed to (951) 413-3340.
4. The Vendor agrees that City payments will be received via Automated Clearing House (ACH) Direct Deposit and that the required ACH Authorization form will be completed prior to any payments by the City. Any invoice not paid because the completed ACH Authorization Form has not b een provided will not incur any fees, late charges, or other penalties. The ACH Authorization Form is located at:
http://www.moval.org/city_hall/forms.shtml#bf
5. The minimum information required on all invoices is:
a. Vendor Name, Mailing Address, and Phone Number
b. Invoice Date
c. Vendor Invoice Number
d. City-provided Reference Number (e.g. Project, Activity) e. Detailed work hours by class title (e.g. Manager, Technician, or Specialist), services performed and rates, explicit portion of a contract amount, or detailed billing information that is sufficient to justify the invoice amount; single, lump amounts without detail are not acceptable.
6. The City shall pay the Vendor for all invoiced, authorized professional services within thirty (30) days of receipt of the invoice for same.
7. Reimbursement for Expenses . Vendor shall not be reimbursed for any expenses unless authorized in writing by City.
8. Maintenance and Inspection. Vendor shall maintain complete and accurate records with respect to all costs and expenses incurred under this Agreement. All such records shall A.7.a
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT be clearly identifiable. Vendor shall allow a representative of City during normal business hours to examine, audit, and make transcripts or copies of such records and any other documents created pursuant to this Agreement. Vendor shall allow inspection of all work, data, documents, proceedings, and activities related to t he Agreement for a period of three (3) years from the date of final payment under this Agreement.
9. Contractual Pricing
Monthly Rate $5,995.00
Tier Description Rate Total
A 95% - 100% of 5 year cart collection
average
100% of monthly proposed
rate
$5,995.00
B 85% - 94% of 5 year cart collection
average
90% of monthly proposed rate $5,395.50
C 75% - 84% of 5 year cart collection
average
80% of monthly proposed rate $4,976.00
D 50% - 74% of 5 year cart collection
average
70% of monthly proposed rate $4,196.50
E 49% and lower of 5 year cart
collection average
Per cart rate $9.75
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Attachment: Cart Retrieval Agreement for On-Site and-or Professional Services 20231121 (6437 : AUTHORIZATION TO AWARD AGREEMENT
Report to City Council
ID#6438 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: November 21, 2023
TITLE: LIST OF PERSONNEL CHANGES
RECOMMENDED ACTION
Recommendation:
1. Ratify the list of personnel changes as described.
DISCUSSION
The attached list of personnel changes scheduled since the last City Council meeting is presented for City Council ratification.
Staffing of City positions ensures assignment of highly qualified and trained personnel to achieve Momentum MoVal priorities, objectives and initiatives.
FISCAL IMPACT
All position changes are consistent with appropriations previously approved by the City Council.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Serina Astorga Brian Mohan
Executive Assistant Assistant City Manager
CITY COUNCIL GOALS
None
CITY COUNCIL STRATEGIC PRIORITIES
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1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. Personnel Changes for Staff Report_11.21.23
APPROVALS
Budget Officer Approval ✓ Approved . 11/12/23 7:31 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 11/13/23 9:01 AM A.8
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City of Moreno Valley
Personnel Changes- 10/1/23- 10/31/23
November 21, 2023
New Hires
Thomas Ramirez, Senior Management Analyst, Economic Development
Manuel Ruiz, Senior Engineer, P.E. Capital Projects, Public Works
Joanne Alvarez, Senior Permit Technician, Planning, Community Development
Leobardo Morales, Animal Control Officer, Animal Services, Community Development
Gabriel Pacheco, Customer Service Manager, MVU, Public Works
Sabrina Long, Human Resources Technician I, Human Resources Administration, Human Resources
Promotions
Marylou Antero
From: Accountant II, Financial Operations, Financial and Management Services To: Senior Accountant, Financial Operations, Financial and Management Services
Anthony Brandyberry
From: Fleet and Facilities Supervisor, Fleet and Facilities, Public Works To: Maintenance and Operations Division Manager, Maintenance and Operations, Public Works
Daniel Carlos
From: Electric Utility Program Coordinator, MVU, Public Works To: Utility Finance Manager, MVU, Public works
Jocelyn Cervantes
From: Human Resources Technician I, Human Resources Administrations, Human Resources To: Human Resources Technician II, Human Resources Administrations, Human Resources
Jeanine Heynen
From: Management Assistant, Parks and Community Services To: Management Analyst, Parks and Community Services
Roxana Loria
From: Senior Administrative Assistant, Purchasing, Financial and Management Services To: Management Aide, Purchasing, Financial and Management Services
Maressa Nunez
From: Senior Management Analyst, Special Districts, Financial and Management Services To: Principal Accountant, Financial Operations, Financial and Management Services
Transfers
None
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Attachment: Personnel Changes for Staff Report_11.21.23 (6438 : LIST OF PERSONNEL CHANGES)
Separations
Summer Woodend, Permit Technician, Planning, Community Development Department
Andrew Cheng, Emergency Management and Volunteer Services Program Specialist, Office of Emergency Operations, Fire
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Attachment: Personnel Changes for Staff Report_11.21.23 (6438 : LIST OF PERSONNEL CHANGES)
Report to City Council
ID#6448 Page 1
TO: Mayor and City Council
FROM: Launa Jimenez, Chief Financial Officer
AGENDA DATE: November 21, 2023
TITLE: RECEIPT OF QUARTERLY INVESTMENT REPORT FOR
THE QUARTER ENDED SEPTEMBER 30,2023
RECOMMENDED ACTION
Recommendation:
1. Receive and file the Quarterly Investment Report for quarter ended September 30, 2023, in compliance with the City’s Investment Policy.
SUMMARY
The attached Quarterly Investment Report presents the City’s cash and investments for the quarter that ended September 30, 2023. This report is in compliance with California Government Code Section 53646 regarding the reporting of detailed information on all securities, investments, and monies of the City, as well as the reporting of the market value of the investments held. All of the investments contained within the portfolio are in full compliance with the City’s Investment Policy and Government Code Section 53601 as to the types of investments allowed. It is recommended that the City Council receive and file the attached Quarterly Investment Report.
DISCUSSION
The City maintains a portfolio of investments in order to earn interest on cash balances that are not currently required to fund operations. California Government Code Sections 53601 and 53646 establish the types of investments allowed, the governing restrictions on these investments, the third -party custodian arrangement for certain investments, and the reporting practices related to the portfolios of local agencies. In keeping with best practices, the City has implemented an Investment Policy, which was last reviewed by the City Council on June 2 0, 202 3. The policy is in full compliance with the requirements of both of the above-mentioned Code Sections.
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The attached Quarterly Investment Report presents the City’s cash and investments for the quarter that ended September 30, 2023. The report complies with California Government Code Section 53646 regarding the reporting of detailed information on all securities, investments, and monies of the City, as well as the reporting of the market value of the investments held. All of the investments contained within the portfolio are in full compliance with the City’s Investment Policy and Government Code Section 53601 as to the types of investments allowed. As stated in the attached report, there is more than adequate liquidity within the portfolio for the City to meet its budgeted expenditures over the next six months.
The City’s investment policy has set the primary goals of the portfolio management as Safety and Liquidity followed by Yield. The City’s cash flow requirements are evaluated on an ongoing basis, with short -term needs accommodated through the City’s pooled investment funds with the Local Agency Investment Fund (LAIF). LAIF is a pool of public funds managed by the State Treasurer of California, providing 24 -hour liquidity while yielding a rate of return approximately equivalent to a one -year treasury bill. With the combined use of a conservative approach to evaluating cash flow needs and LAIF liquidity, the City will not have to liquidate securities at current market rates that are intended to be held for longer-term investment.
The table shows some of the key portfolio measures for the month.
Portfolio
Balance
Avg. Yield to Maturity Trends
September 2023 August 2023 September 2022
Investments 273,977,067 2.35% 2.21% 1.51%
LAIF 93,575,029 3.534% 3.434% 1.513%
Bond proceeds are held and invested by a Trustee. The investment of these funds is governed by an investment policy approved by the City Council as a part of the governing documents for each specific bond issue. Deferred Compensation Plan funds are not included in the report since these funds are held and invested by the respective plan administrators based on the direction of the participating employees. These funds are placed in a trust separate from City funds.
ALTERNATIVES
1. Receive and file the Quarterly Investment Report for September 30, 2023. Staff recommends this alternative as it accomplishes timely investment reporting.
2. Do not accept and file the Quarterly Investment Report and provide staff with additional direction. Staff does not recommend this alternative as it will not accomplish timely investment reporting.
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FISCAL IMPACT
For additional information regarding the bond market, please see the attached Bond Market Review provided by Chandler Asset Management.
NOTIFICATION
Publication of the agenda
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Annabelle Wang Launa Jimenez
Financial Operations Division Manager Chief Financial Officer
CITY COUNCIL GOALS
Revenue Diversification and Preservation. Develop a variety of City revenue sources and policies to create a stable revenue base and fiscal policies to support essential City services, regardless of economic climate.
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. 09 - Investment Report
APPROVALS
Budget Officer Approval ✓ Approved . 11/12/23 6:55 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 11/13/23 9:04 AM A.9
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3,620,017 3,620,017 3,620,017
93,575,029 92,293,775 93,575,029 0.71 3.534%
Investments 271,555,059 260,817,451 273,977,067 2.62 2.35% 2.42 368,750,105 356,731,243 371,172,113
Total Funds with Fiscal Agents 2,714,250
Total Investment Portfolio 359,445,493
1. I hereby certify that the investments are in compliance with the investment policy adopted by the City Council. There are no items of non-compliance for this period.
3. The market value for LAIF is provided by the State Treasurer's Office.
4. The market values for investments held by fiscal agents are provided by each respective trustee or fiscal agent.
5. The City has the ability to meet its budgeted expenditures for the next six months pending any future action by City Council or any unforeseen catastrophic event. /S/ Launa Jimenez
City Treasurer
2. The market values for the investments in the General Portfolio are provided by the City's investment advisors.
Average
Duration
(in years)Cost Value Market ValueGeneral Portfolio
Total General Portfolio
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
September 2023
Bank Accounts
State of California LAIF Pool
Par Value
Average Maturity
(in years)
Average Yield
to Maturity
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT -
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
Asset Balance (par) Avg YTM (2) Balance Yield Asset Balance (par) Investment
Portfolio (4)
Benchmark 1-5
Gov(5)
Oct 20 215,409,591 1.53% 49,242,648 0.620% 161,363,505 1.85% 4.43% 4.23% Nov 20 219,911,125 1.45% 52,542,648 0.576% 161,645,491 1.79% 4.60% 4.43% Dec 20 222,707,950 1.41% 56,542,648 0.540% 162,067,058 1.75% 4.59% 4.36% Jan 21 247,976,895 1.26% 76,625,187 0.458% 162,426,675 1.72% 3.70% 3.42% Feb 21 261,300,356 1.19% 92,625,187 0.407% 162,768,446 1.68% 2.27% 1.89% Mar 21 252,962,115 1.18% 83,325,187 0.357% 163,251,768 1.64% 1.56% 0.49% Apr 21 258,986,067 1.14% 83,309,833 0.339% 163,515,676 1.64% 1.10% 0.34% May 21 293,505,179 1.01% 122,550,449 0.315% 163,706,976 1.59% 0.83% 0.25% Jun 21 300,785,514 0.95% 129,050,449 0.262% 164,046,885 1.54% 0.31% -0.09% Jul 21 289,495,404 0.96% 110,832,982 0.221% 174,080,540 1.45% 0.39% 0.04% Aug 21 286,942,097 0.93% 106,832,983 0.221% 174,309,851 1.40% 0.29% 0.01% Sep 21 288,344,781 0.92% 106,832,983 0.206% 174,624,047 1.38% 0.02% -0.27% Oct 21 288,711,262 0.91% 106,900,067 0.203% 174,923,444 1.38% -0.42% -0.63% Nov 21 294,654,846 0.92% 100,300,067 0.203% 184,906,704 1.35% -0.62% -0.71% Dec 21 294,627,511 0.94% 92,300,067 0.212% 195,311,898 1.32% -0.95% -1.05% Jan 22 294,969,319 0.94% 92,358,252 0.234% 195,595,521 1.30% -1.88% -1.92% Feb 22 324,897,541 0.98% 107,358,252 0.278% 205,732,226 1.34% -2.02% -2.01% Mar 22 325,131,296 0.99% 107,658,252 0.365% 206,012,398 1.35% -3.64% -3.70% Apr 22 324,515,844 1.06% 107,738,556 0.523% 206,412,804 1.36% -4.72% -4.76% May 22 346,565,395 1.12% 115,338,556 0.684% 216,762,042 1.40% -4.39% -4.33% Jun 22 383,476,803 1.19% 162,579,173 0.861% 217,107,439 1.40% -4.79% -4.74% Jul 22 369,199,807 1.28% 141,304,379 1.090% 217,349,391 1.44% -4.38% -4.36% Aug 22 370,452,358 1.41% 146,304,379 1.276% 217,602,629 1.48% -5.38% -5.50% Sep 22 372,470,167 1.54% 151,304,379 1.513% 217,877,998 1.51% -6.67% -6.91% Oct 22 380,053,901 1.69% 149,798,931 1.772% 218,428,420 1.59% -6.48% -6.66% Nov 22 376,300,861 1.80% 145,798,931 2.007% 218,675,380 1.60% -5.30% -5.59% Dec 22 373,294,517 1.93% 150,798,931 2.173% 219,057,237 1.62% -4.99% -5.30% Jan 23 384,155,072 2.10% 148,573,248 2.425% 229,475,983 1.67% -3.15% -3.36% Feb 23 396,819,683 2.18% 153,573,248 2.624% 229,652,364 1.75% -3.61% -4.07% Mar 23 385,367,736 2.41% 139,573,248 2.831% 240,071,115 1.81% -0.25% -0.40% Apr 23 392,130,838 2.50% 133,568,086 2.870% 250,640,411 1.89% 1.11% 0.96% May 23 393,035,454 2.59% 117,568,086 2.993% 260,980,803 1.97% 0.10% -0.20% Jun 23 401,600,214 2.89% 124,116,027 3.167% 272,037,037 2.07% 0.25% -0.24% Jul 23 392,167,170 2.92% 107,575,030 3.296% 272,444,923 2.14% -0.17% -0.65% Aug 23 367,750,075 2.97% 84,575,030 3.434% 273,304,577 2.21% 1.22% 0.86% Sep 23 371,172,113 3.16% 93,575,029 3.534% 273,977,067 2.35% 2.56% 2.30% Notes:
PORTFOLIO PERFORMANCE - 36 MONTH TREND
Period
Total General Portfolio (1) Local Agency Investment Fund (LAIF) Chandler Asset Management (CAM) Rate of Return (3)
Weighted Avg
YTM (2)
(1) Total General Portfolio includes all assets that comprise the City's Investment Portfolio which is LAIF as well as assets managed by Chandler Asset Management. (2) Yield to Maturity (YTM): The rate of return on an investment or security if it were to be held until maturity. This yield does not reflect changes in the market value of a security (4) The Rate of Return for the investment portfolio reflects the performance of the portfolio during the past twelve months. (5) The portfolio benchmark is the ICE Bank of America-Merrill Lynch 1 to 5 year Government Index (3) Rate of Return represents the gain or loss on an investment or portfolio of investments over a specified period, expressed as a percentage of increase over the initial investment cost. Gains on investments are considered to be any income received from the security or portfolio plus any realized capital gain. This measure of return recognizes the changes in market values of a security or portfolio of securities.
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT -
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
########
PORTFOLIO CHARACTERISTICS
The portfolio invested in LAIF represents the City's immediate cash liquidity needs and is managed by City staff in a manner to fund the day to day operations of the City.
The portfolio managed by Chandler is comprised of idle cash balances related to funds that generally expect to expend cash with the next 12 to 60 months. 102030405060708090100110120130140150160170180190200210220230240250260270280290300310320330340350360370 380390400410420Millions
Portfolio Balances Trend ($)
LAIF
Chandler
$
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
Benchmark Comparison
Ice BAML Government 1-5 Index City Portfolio
0.00%
0.25%
0.50%
0.75%
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
2.50%
2.75%
3.00%
3.25%
3.50%
3.75%
Avg Yield to Maturity Trend
LAIF Chandler
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Portfolio Balances Trend (%)
LAIF
Chandler
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT -
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
Trustee Bond Description
Investment
Type Issuer Value Date Maturity Date Market Value
Stated
Rate Yield Price
% of of
Portfolio
Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds Money Market WF Government Fund 9/30/2023 10/1/2023 $ 2,351 0.03% 0.03% 1.00 0.09% Wells Fargo 2017 Refunding of the 2007 RDA TABs Money Market 12147217 9/30/2023 10/1/2023 $ 1,311 0.02% 0.02% 1.00 0.05% Wells Fargo 2019 Taxable Lease Revenue Bonds (Electric Utility) Money Market WF Government Fund 9/30/2023 10/1/2023 $ 2,691,480 0.02% 0.02% 2.00 99.16% Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs Money Market Federated Hermes Gov Fund 9/30/2023 10/1/2023 $ 12,252 0.03% 0.03% 1.00 0.45% Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) Money Market WF Government Fund 9/30/2023 10/1/2023 $ 6,856 0.02% 0.02% 2.00 0.25% Total 2,714,250$ 100%
Trustee Bond Description Construction fund Debt Service Reserve &
Other Total
Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds $0 $2,351 $0 $2,351 Wells Fargo 2017 Refunding of the 2007 RDA TABs $0 $1,311 $0 $1,311 Wells Fargo 2019 Taxable Lease Revenue Bonds (Electric Utility) $2,690,285 $1,195 $0 $2,691,480 Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs $0 $12,252 $0 $12,252 Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) $0 $6,856 $0 $6,856 Total $2,690,285 $23,965 $0 $2,714,250
FUNDS WITH FISCAL AGENTS
By Investment Type
By Fund Purpose
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT -
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
Account Name Account Number Investment Value Date Maturity Date Market Value Stated
Rate Yield Price
% of of
Portfolio
Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds Revenue fund 83478300 Money Market 09/30/23 10/01/23 2,351 0.03% 0.03% 1.000 0.087% Interest fund 83478301 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 1.000 0.000% Principal fund 83478302 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 0.000 0.000% 2,351
Wells Fargo 2017 Refunding of the 2007 RDA TABs
Income fund 49150300 Money Market 09/30/23 10/01/23 1,311 0.02% 0.02% 1.000 0.048% Interest fund 49150301 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 0.000 0.000% Reserve fund 49150304 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 1.000 0.000% 1,311
Wells Fargo 2019 Taxable Lease Revenue Bonds (Electric utility) Revenue fund 83056100 Money Market 09/30/23 10/01/23 1,195 0.02% 0.02% 2.000 0.044% Interest fund 83056101 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 1.000 0.000% Construction fund 83056103 Money Market 09/30/23 10/01/23 2,690,285 0.02% 0.02% 1.000 99.117% 2,691,480
Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs Revenue fund 143629-000 Money Market 09/30/23 10/01/23 3,074 0.03% 0.03% 1.000 0.113% Interest fund 143629-001 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 1.000 0.000% Principal fund 143629-002 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 1.000 0.000% Reserve fund 143629-003 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 1.000 0.000% Admin fund 143629-004 Cash 09/30/23 10/01/23 - 0.00% 0.00% 1.000 0.000% Admin fund 143629-004 Money Market 09/30/23 10/01/23 845 0.03% 0.03% 1.000 0.031% Surplus fund 143629-005 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 1.000 0.000% Interest fund 144078-003 Money Market 09/30/23 10/01/23 8,333 0.03% 0.03% 1.000 0.307% 12,252
Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) Revenue fund 83056107 Money Market 09/30/23 10/01/23 6,856 0.02% 0.02% 2.000 0.253% Interest fund 83056108 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 0.000 0.000% Principal fund 83056109 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 0.000 0.000% Reserve fund 83056111 Money Market 09/30/23 10/01/23 - 0.00% 0.00% 2.000 0.000% 6,856
2,714,250 100.000%
Type
1 2,690,285
2 23,965
3 -
4 -
5 -
6 -
2,714,250
FUNDS WITH FISCAL AGENTS
Construction Funds
Total Fiscal Agent Funds
Principal & Interest Accounts
Debt Service Reserve Funds
Custody Accounts
Arbitrage Rebate Accounts
Other Accounts
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - City of Moreno Valley
MONTHLY ACCOUNT STATEMENT
SEPTEMBER 1, 2023 THROUGH SEPTEMBER 30, 2023
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305
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Packet Pg. 97
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT -
ACCOUNT SUMMARY
Beg. Values
as of 8/31/23
End Values
as of 9/30/23
Market Value 199,770,126 199,063,208
Accrued Interest 843,811 921,137
Total Market Value 200,613,936 199,984,345
Income Earned 376,986 397,092
Cont/WD 0
Par 210,955,888 211,211,354
Book Value 210,209,794 210,264,049
Cost Value 210,443,147 210,383,937
TOP ISSUERS
Government of United States 29.3%
Federal Home Loan Mortgage Corp 13.2%
Federal National Mortgage Assoc 8.0%
Inter-American Dev Bank 3.0%
International Finance Corp 2.9%
Intl Bank Recon and Development 2.7%
Bank of America Corp 1.9%
John Deere ABS 1.8%
Total 62.8%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 2.42
Average Coupon 2.24%
Average Purchase YTM 2.35%
Average Market YTM 5.30%
Average S&P/Moody Rating AA/Aa1
Average Final Maturity 2.83 yrs
Average Life 2.62 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of September 30, 2023
City of Moreno Valley
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 5/31/2010 City of Moreno Valley -0.31% 0.32% 1.48% 2.56% -2.16% -1.44% 1.14% 1.11% 1.33% ICE BofA 1-5 Yr US Treasury & Agency Index -0.34% 0.24% 1.19% 2.14% -2.42% -1.74% 0.93% 0.83% 1.04% ICE BofA 1-5 Yr AAA-A US Corp & Govt Index -0.36% 0.22% 1.26% 2.30% -2.41% -1.70% 1.00% 0.93% 1.17% Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Category Standard Comment
Treasury Issues No Limitation Complies
U.S. Agency Issues No Limitation Complies
Supranational Securities "AA" rating by a NRSRO; 30% maximum; 5% max per issuer; Issued by International Bank for Reconstruction (IBRD), International Finance Corporation (IFC), or Inter-American Development Bank (IADB) only Complies Municipal Securities (Local Agency/State-
CA and others) No Limitation Complies
Banker’s Acceptances 40% maximum; 5% max per issuer; 180 days max maturity Complies Commercial Paper
"A-1/P-1/F-1" minimum ratings; "A" rated issuer or higher, if long term debt issued; 25% maximum; 5% max per issuer; 270 days max maturity; Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in Commercial Paper if the Agency’s investment assets under management are greater than $100,000,000 Complies
Negotiable Certificates of Deposit 30% maximum; 5% max per issuer Complies Medium Term Notes "A" rating or better by a NRSRO; 30% maximum; 5% max per issuer Complies Money Market Mutual Funds and Mutual
Funds AAA/Aaa or Highest rating by two NRSROs; 20% maximum Complies Certificates of Deposit (CD)/ Time Deposit
(TD)/ Bank Deposit (Collateralized/FDIC
insured)
5% max per issuer Complies
Asset-Backed Securities, Mortgage Pass-
Through Securities, Collateralized
Mortgage Backed Securities
"AA" rating or better by a NRSRO; 20% maximum (combined MBS/ABS/CMO); 5% max per issuer Complies Repurchase Agreements 1 year max maturity Complies
Local Agency Investment Fund (LAIF) Maximum program limitation; Not used by investment adviser Complies County Pooled Investment Funds;
Joint Powers Authority Pool Not used by investment adviser Complies Max Per Issuer 5% of portfolio per issuer, except US Government, its agencies and instrumentalities, Supranational issuers, investment pools, and money funds or money market mutual funds Complies Maximum Maturity 5 years Complies
Weighted Average Maturity 3 years Complies
City of Moreno Valley
As of September 30, 2023
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy.
Statement of Compliance
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43813KAC6 Honda Auto Receivables Trust 2020-3
A3
0.37% Due 10/18/2024
103,384.80 09/22/2020
0.38%
103,369.62
103,384.16
99.16 6.01%
102,519.47
13.81 0.05%
(864.69)
NR / AAA
AAA
1.05 0.15
36262XAC8 GM Financial Auto Lease Trust 2021-3
A2
0.39% Due 10/21/2024
400,082.57 08/10/2021
0.39%
400,077.13
400,081.89
99.36 5.86%
397,506.43
47.68 0.20%
(2,575.46)
NR / AAA
AAA
1.06 0.12
47787NAC3 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
9,388.49 07/14/2020
0.52%
9,387.06
9,388.37
99.78 5.99%
9,367.92
2.13 0.00%
(20.45)
Aaa / NR
AAA
1.13 0.04
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
102,473.75 09/08/2021
0.34%
102,463.17
102,472.67
99.43 5.99%
101,892.00
5.64 0.05%
(580.67)
Aaa / NR
AAA
1.24 0.10
89236XAC0 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
59,186.56 10/06/2020
0.36%
59,175.53
59,183.21
99.47 6.23%
58,872.81
9.21 0.03%
(310.40)
NR / AAA
AAA
1.30 0.09
44891WAC3 Hyundai Auto Lease Trust 2022-A A3
1.16% Due 1/15/2025
578,848.61 01/11/2022
1.16%
578,835.82
578,845.53
98.90 5.84%
572,481.86
298.43
0.29%
(6,363.67)
Aaa / AAA
NR
1.30 0.23
92290BAA9 Verizon Owner Trust 2020-B A
0.47% Due 2/20/2025
8,221.21 08/04/2020
0.48%
8,219.48
8,220.68
99.80 4.84%
8,204.48
1.18 0.00%
(16.20)
Aaa / NR
AAA
1.39 0.05
89238LAC4 Toyota Lease Owner Trust 2022-A A3
1.96% Due 2/20/2025
1,636,113.42 02/23/2022
1.98%
1,635,855.90
1,636,033.08
98.72 6.07%
1,615,113.90
979.85
0.81%
(20,919.18)
NR / AAA
AAA
1.39 0.31
36265MAC9 GM Financial Auto Lease Trust 2022-1
A3
1.9% Due 3/20/2025
1,154,127.19 02/15/2022
1.91%
1,154,117.26
1,154,124.64
98.72 6.18%
1,139,390.14
670.03
0.57%
(14,734.50)
Aaa / NR
AAA
1.47 0.30
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
827,684.46 Various
2.16%
814,837.61
824,455.95
98.83 6.13%
817,971.58
151.74
0.41%
(6,484.37)
NR / AAA
AAA
1.48 0.23
43813GAC5 Honda Auto Receivables Trust 2021-1
A3
0.27% Due 4/21/2025
115,502.85 02/17/2021
0.27%
115,500.74
115,502.53
98.22 6.10%
113,446.67
8.66 0.06%
(2,055.86)
Aaa / NR
AAA
1.56 0.30
44891RAC4 Hyundai Auto Receivables Trust 2020-C
A3
0.38% Due 5/15/2025
193,991.63 10/20/2020
0.39%
193,946.95
193,986.55
98.78 5.87%
191,620.67
32.76 0.10%
(2,365.88)
NR / AAA
AAA
1.62 0.22
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3
0.26% Due 5/15/2025
425,259.58 02/02/2021
0.27%
425,180.66
425,248.00
98.27 6.03%
417,920.45
49.14 0.21%
(7,327.55)
Aaa / NR
AAA
1.62 0.30
44933LAC7 Hyundai Auto Receivables Trust 2021-A
A3
0.38% Due 9/15/2025
312,801.07 04/20/2021
0.38%
312,768.17
312,794.36
97.97 5.89%
306,454.34
52.83 0.15%
(6,340.02)
NR / AAA
AAA
1.96 0.37
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 100
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43815GAC3 Honda Auto Receivables Trust 2021-4
A3
0.88% Due 1/21/2026
527,140.64 11/16/2021
0.89%
527,029.52
527,092.91
96.10 6.44%
506,589.01
128.86
0.25%
(20,503.90)
Aaa / NR
AAA
2.31 0.70
47789QAC4 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
542,660.12 07/13/2021
0.52%
542,611.72
542,640.84
96.59 5.88%
524,134.79
125.41
0.26%
(18,506.05)
Aaa / NR
AAA
2.46 0.64
89238JAC9 Toyota Auto Receivables Trust 2021-D
A3
0.71% Due 4/15/2026
497,355.83 11/09/2021
0.71%
497,345.23
497,351.34
96.20 6.20%
478,447.85
156.94
0.24%
(18,903.49)
NR / AAA
AAA
2.54 0.69
44935FAD6 Hyundai Auto Receivables Trust 2021-C
A3
0.74% Due 5/15/2026
377,021.62 11/09/2021
0.75%
376,937.47
376,987.23
96.64 5.94%
364,357.09
124.00
0.18%
(12,630.14)
NR / AAA
AAA
2.62 0.64
43815BAC4 Honda Auto Receivables Trust 2022-1
A3
1.88% Due 5/15/2026
1,095,000.00 02/15/2022
1.89%
1,094,835.31
1,094,917.17
96.48 5.78%
1,056,424.26
914.93
0.53%
(38,492.91)
Aaa / AAA
NR
2.62 0.91
05602RAD3 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
710,000.00 05/10/2022
3.23%
709,963.08
709,979.39
97.56 5.95%
692,641.21
379.85
0.35%
(17,338.18)
Aaa / AAA
NR
2.90 0.90
362554AC1 GM Financial Securitized Term 2021-4
A3
0.68% Due 9/16/2026
383,703.44 10/13/2021
0.68%
383,693.65
383,699.25
95.94 6.21%
368,118.94
108.72
0.18%
(15,580.31)
Aaa / AAA
NR
2.96 0.73
47787JAC2 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
840,000.00 03/10/2022
2.34%
839,814.19
839,896.13
96.82 6.16%
813,246.84
866.13
0.41%
(26,649.29)
Aaa / NR
AAA
2.96 0.83
448977AD0 Hyundai Auto Receivables Trust 2022-A
A3
2.22% Due 10/15/2026
1,200,000.00 03/09/2022
2.23%
1,199,953.80
1,199,975.75
96.77 5.74%
1,161,197.99
1,184.00
0.58%
(38,777.76)
NR / AAA
AAA
3.04 0.92
380146AC4 GM Financial Auto Receivables 2022-1
A3
1.26% Due 11/16/2026
416,161.92 01/11/2022
1.27%
416,125.75
416,144.24
96.63 5.58%
402,139.35
218.49
0.20%
(14,004.89)
NR / AAA
AAA
3.13 0.78
362585AC5 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
520,000.00 04/05/2022
3.13%
519,891.32
519,937.85
97.21 5.72%
505,475.36
671.67
0.25%
(14,462.49)
Aaa / AAA
NR
3.38 1.08
47800AAC4 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
875,000.00 07/12/2022
3.77%
874,916.44
874,944.46
97.34 5.85%
851,749.50
1,454.44
0.43%
(23,194.96)
Aaa / NR
AAA
3.38 1.28
02582JJT8 American Express Credit Trust 2022-2 A
3.39% Due 5/17/2027
1,840,000.00 05/17/2022
3.42%
1,839,592.99
1,839,778.33
96.51 5.72%
1,775,726.96
2,772.27
0.89%
(64,051.37)
NR / AAA
AAA
3.63 1.53
47800BAC2 John Deere Owner Trust 2022-C A3
5.09% Due 6/15/2027
1,405,000.00 10/12/2022
5.15%
1,404,890.97
1,404,919.31
98.93 5.85%
1,389,991.79
3,178.42
0.70%
(14,927.52)
Aaa / NR
AAA
3.71 1.51
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 101
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
92348KAV5 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
765,000.00 08/02/2022
3.75%
764,966.34
764,980.16
99.36 4.97%
760,133.84
869.55
0.38%
(4,846.32)
NR / AAA
AAA
3.81 0.86
161571HT4 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
2,200,000.00 09/07/2023
5.23%
2,199,390.16
2,199,399.06
99.63 5.35%
2,191,899.60
5,045.33
1.10%
(7,499.46)
NR / AAA
AAA
4.96 2.66
Total ABS 20,121,109.76 2.61%
20,105,693.04
20,116,365.04 5.84%
19,695,037.10
20,522.10
9.86%
(421,327.94)
Aaa / AAA
AAA
2.85 1.00
AGENCY
3135G0W66 FNMA Note
1.625% Due 10/15/2024
1,180,000.00 10/17/2019
1.66%
1,177,982.20
1,179,579.63
96.15 5.48%
1,134,538.14
8,841.81
0.57%
(45,041.49)
Aaa / AA+
AA+
1.04 1.00
3135G0X24 FNMA Note
1.625% Due 1/7/2025
3,210,000.00 Various
1.19%
3,276,100.10
3,227,378.64
95.43 5.39%
3,063,383.25
12,171.25
1.54%
(163,995.39)
Aaa / AA+
AA+
1.27 1.22
3137EAEP0 FHLMC Note
1.5% Due 2/12/2025
3,590,000.00 02/13/2020
1.52%
3,587,235.70
3,589,242.66
95.05 5.30%
3,412,356.03
7,329.58
1.71%
(176,886.63)
Aaa / AA+
AA+
1.37 1.32
3130A4CH3 FHLB Note
2.375% Due 3/14/2025
2,750,000.00 03/19/2020
1.18%
2,908,867.50
2,796,263.61
95.89 5.34%
2,637,060.25
3,084.20
1.32%
(159,203.36)
Aaa / AA+
AA+
1.45 1.40
3135G03U5 FNMA Note
0.625% Due 4/22/2025
2,830,000.00 04/22/2020
0.67%
2,824,170.20
2,828,181.38
93.06 5.31%
2,633,722.52
7,811.98
1.32%
(194,458.86)
Aaa / AA+
AA+
1.56 1.51
3135G04Z3 FNMA Note
0.5% Due 6/17/2025
3,400,000.00 Various
0.51%
3,398,324.20
3,399,513.90
92.46 5.15%
3,143,633.20
4,911.11
1.57%
(255,880.70)
Aaa / AA+
AA+
1.72 1.66
3137EAEU9 FHLMC Note
0.375% Due 7/21/2025
3,400,000.00 Various
0.45%
3,388,108.00
3,395,603.21
91.91 5.12%
3,124,950.20
2,479.17
1.56%
(270,653.01)
Aaa / AA+
AA+
1.81 1.76
3135G05X7 FNMA Note
0.375% Due 8/25/2025
3,150,000.00 12/16/2020
0.43%
3,141,904.50
3,146,718.30
91.47 5.14%
2,881,260.90
1,181.25
1.44%
(265,457.40)
Aaa / AA+
AA+
1.90 1.85
3137EAEX3 FHLMC Note
0.375% Due 9/23/2025
3,385,000.00 Various
0.44%
3,374,969.55
3,380,952.03
91.18 5.12%
3,086,310.99
282.08
1.54%
(294,641.04)
Aaa / AA+
AA+
1.98 1.93
3135G06G3 FNMA Note
0.5% Due 11/7/2025
3,400,000.00 Various
0.56%
3,389,186.80
3,395,436.93
90.94 5.10%
3,091,888.60
6,800.00
1.55%
(303,548.33)
Aaa / AA+
AA+
2.11 2.04
3133EPME2 FFCB Note
3.875% Due 6/8/2028
3,200,000.00 06/06/2023
3.97%
3,186,080.00
3,186,956.19
96.16 4.80%
3,076,992.00
38,922.22
1.56%
(109,964.19)
Aaa / AA+
AA+
4.69 4.17
Total Agency 33,495,000.00 1.11%
33,652,928.75
33,525,826.48 5.18%
31,286,096.08
93,814.65
15.69%
(2,239,730.40)
Aaa / AA+
AA+
1.96 1.86
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 102
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CMO
3137BLW95 FHLMC K050 A2
3.334% Due 8/25/2025
588,000.00 02/07/2022
1.74%
616,389.38
603,000.70
96.27 5.50%
566,045.26
1,633.66
0.28%
(36,955.44)
NR / NR
AAA
1.90 1.66
3137BSP72 FHLMC K058 A2
2.653% Due 8/25/2026
950,000.00 11/12/2021
1.35%
1,004,736.33
982,975.61
93.06 5.27%
884,023.45
2,100.29
0.44%
(98,952.16)
NR / NR
AAA
2.90 2.68
3137FAWS3 FHLMC K067 A2
3.194% Due 7/25/2027
675,000.00 09/28/2022
4.42%
640,538.09
647,662.05
93.22 5.18%
629,217.45
1,796.63
0.32%
(18,444.60)
Aaa / NR
NR
3.82 3.45
3137FBU79 FHLMC K069 A2
3.187% Due 9/25/2027
1,255,000.00 09/28/2022
4.82%
1,189,161.52
1,202,307.49
92.91 5.22%
1,165,967.79
3,333.07
0.58%
(36,339.70)
NR / AAA
NR
3.99 3.53
3137FCLD4 FHLMC K071 A2
3.286% Due 11/25/2027
3,250,000.00 04/13/2023
4.02%
3,146,914.06
3,157,087.82
92.95 5.19%
3,021,011.50
8,899.58
1.52%
(136,076.32)
NR / NR
AAA
4.16 3.74
3137FEBQ2 FHLMC K072 A2
3.444% Due 12/25/2027
1,115,000.00 05/05/2023
3.98%
1,088,910.74
1,091,133.73
93.44 5.20%
1,041,850.43
3,200.05
0.52%
(49,283.30)
NR / NR
AAA
4.24 3.77
3137FETN0 FHLMC K073 A2
3.35% Due 1/25/2028
2,005,000.00 05/24/2023
4.34%
1,926,992.97
1,932,679.55
93.02 5.19%
1,865,147.24
1,119.46
0.93%
(67,532.31)
NR / NR
AAA
4.32 3.83
3137F4D41 FHLMC K074 A2
3.6% Due 1/25/2028
2,200,000.00 07/25/2023
5.78%
2,099,710.93
2,103,680.96
93.94 5.19%
2,066,688.80
1,320.00
1.03%
(36,992.16)
NR / NR
AAA
4.32 3.82
3137FEZU7 FHLMC K076 A2
3.9% Due 4/25/2028
2,069,000.00 05/05/2023
3.94%
2,062,615.20
2,063,122.60
94.92 5.17%
1,963,913.42
6,724.25
0.99%
(99,209.18)
NR / NR
AAA
4.57 4.00
3137FJEH8 FHLMC K081 A2
3.9% Due 8/25/2028
3,700,000.00 09/05/2023
4.88%
3,544,484.38
3,546,457.28
95.10 5.03%
3,518,807.30
12,025.00
1.77%
(27,649.98)
NR / NR
AAA
4.91 4.32
Total CMO 17,807,000.00 4.27%
17,320,453.60
17,330,107.79 5.17%
16,722,672.64
42,151.99
8.38%
(607,435.15)
Aaa / AAA
AAA
4.24 3.76
CORPORATE
79466LAG9 Salesforce.com Inc Callable Note Cont
7/15/2022
0.625% Due 7/15/2024
2,000,000.00 Various
0.91%
1,985,486.00
1,995,625.34
96.11 5.72%
1,922,226.01
2,638.88
0.96%
(73,399.33)
A2 / A+
NR
0.79 0.77
69371RR40 Paccar Financial Corp Note
0.5% Due 8/9/2024
865,000.00 08/03/2021
0.52%
864,532.90
864,866.60
95.71 5.69%
827,869.88
624.72
0.41%
(36,996.72)
A1 / A+
NR
0.86 0.83
14913Q3B3 Caterpillar Finl Service Note
2.15% Due 11/8/2024
2,020,000.00 Various
1.88%
2,044,446.00
2,025,696.67
96.30 5.65%
1,945,227.68
17,251.36
0.98%
(80,468.99)
A2 / A
A+
1.11 1.06
74153WCQ0 Pricoa Global Funding Note
1.15% Due 12/6/2024
1,185,000.00 12/01/2021
1.19%
1,183,779.45
1,184,518.03
94.62 5.92%
1,121,276.63
4,353.23
0.56%
(63,241.40)
Aa3 / AA-
AA-
1.19 1.14
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 103
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
89236TJT3 Toyota Motor Credit Corp Note
1.45% Due 1/13/2025
1,715,000.00 01/10/2022
1.50%
1,712,701.90
1,714,014.50
94.95 5.57%
1,628,344.48
5,387.96
0.82%
(85,670.02)
A1 / A+
A+
1.29 1.24
90331HPL1 US Bank NA Callable Note Cont
12/21/2024
2.05% Due 1/21/2025
810,000.00 01/16/2020
2.10%
808,274.70
809,548.61
94.98 6.10%
769,340.43
3,228.75
0.39%
(40,208.18)
A2 / A+
A+
1.31 1.25
002824BB5 Abbott Laboratories Callable Note Cont
12/15/2024
2.95% Due 3/15/2025
2,000,000.00 02/07/2022
1.83%
2,061,720.00
2,026,171.65
96.64 5.38%
1,932,724.00
2,622.22
0.97%
(93,447.65)
Aa3 / AA-
NR
1.46 1.40
78016EZ59 Royal Bank of Canada Note
3.375% Due 4/14/2025
845,000.00 04/07/2022
3.39%
844,687.35
844,839.97
96.48 5.80%
815,246.71
13,229.53
0.41%
(29,593.26)
A1 / A
AA-
1.54 1.45
87612EBL9 Target Corp Callable Note Cont 4/15/25
2.25% Due 4/15/2025
2,000,000.00 02/07/2022
1.88%
2,022,420.00
2,010,535.42
95.29 5.48%
1,905,814.00
20,750.00
0.96%
(104,721.42)
A2 / A
A
1.54 1.47
06367WB85 Bank of Montreal Note
1.85% Due 5/1/2025
1,571,000.00 07/23/2021
0.85%
1,628,844.22
1,595,333.30
93.85 5.97%
1,474,381.93
12,109.79
0.74%
(120,951.37)
A2 / A-
AA-
1.59 1.51
46647PCH7 JP Morgan Chase & Co Callable Note
Cont 6/1/2024
0.824% Due 6/1/2025
1,770,000.00 05/24/2021
0.78%
1,772,292.35
1,770,510.34
96.27 6.23%
1,703,895.82
4,861.60
0.85%
(66,614.52)
A1 / A-
AA-
1.67 1.59
46647PCK0 JP Morgan Chase & Co Callable Note
Cont 6/23/2024
0.969% Due 6/23/2025
840,000.00 Various
0.95%
840,520.15
840,126.36
95.97 6.31%
806,133.73
2,215.78
0.40%
(33,992.63)
A1 / A-
AA-
1.73 1.64
64952WDQ3 New York Life Global Note
0.95% Due 6/24/2025
950,000.00 11/17/2021
1.29%
938,543.00
944,485.28
92.03 5.85%
874,289.75
2,431.74
0.44%
(70,195.53)
Aaa / AA+
AAA
1.73 1.67
66815L2J7 Northwestern Mutual Glbl Note
4% Due 7/1/2025
1,560,000.00 06/27/2022
4.01%
1,559,469.60
1,559,690.76
97.09 5.76%
1,514,646.12
15,600.00
0.77%
(45,044.64)
Aaa / AA+
AAA
1.75 1.65
40139LBC6 Guardian Life Glob Fun Note
0.875% Due 12/10/2025
1,700,000.00 Various
1.12%
1,682,830.00
1,690,994.93
89.76 5.92%
1,525,957.40
4,586.46
0.77%
(165,037.53)
Aa1 / AA+
NR
2.20 2.11
66815L2A6 Northwestern Mutual Glbl Note
0.8% Due 1/14/2026
1,100,000.00 12/06/2021
1.47%
1,070,817.00
1,083,713.63
89.65 5.69%
986,144.50
1,882.22
0.49%
(97,569.13)
Aaa / AA+
AAA
2.29 2.20
06051GHY8 Bank of America Corp Callable Note
Cont 2/13/2025
2.015% Due 2/13/2026
750,000.00 02/17/2022
3.52%
737,512.50
742,552.22
94.09 6.59%
705,699.75
2,015.00
0.35%
(36,852.47)
A1 / A-
AA-
2.38 1.31
46647PBK1 JP Morgan Chase & Co Callable Note
Cont 4/22/2025
2.083% Due 4/22/2026
1,034,000.00 Various
1.37%
1,061,039.22
1,045,243.02
93.86 6.27%
970,517.57
9,512.72
0.49%
(74,725.45)
A1 / A-
AA-
2.56 1.48
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 104
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
78016EZQ3 Royal Bank of Canada Note
1.2% Due 4/27/2026
1,000,000.00 07/09/2021
1.13%
1,003,440.00
1,001,846.86
89.19 5.78%
891,859.00
5,133.33
0.45%
(109,987.86)
A1 / A
AA-
2.58 2.46
6174468Q5 Morgan Stanley Callable Note Cont
4/28/2025
2.188% Due 4/28/2026
1,100,000.00 05/18/2022
4.99%
1,039,071.00
1,060,199.26
93.94 6.28%
1,033,332.30
10,228.90
0.52%
(26,866.96)
A1 / A-
A+
2.58 1.50
023135BX3 Amazon.com Inc Callable Note Cont
4/12/2026
1% Due 5/12/2026
2,615,000.00 05/10/2021
1.09%
2,603,703.20
2,609,097.95
89.91 5.17%
2,351,115.12
10,096.81
1.18%
(257,982.83)
A1 / AA
AA-
2.62 2.51
91324PEC2 United Health Group Inc Callable Note
Cont 4/15/2026
1.15% Due 5/15/2026
430,000.00 Various
1.08%
431,391.30
430,731.28
89.96 5.30%
386,811.66
1,868.11
0.19%
(43,919.62)
A2 / A+
A
2.62 2.51
89236TJK2 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
1,785,000.00 06/15/2021
1.13%
1,784,214.60
1,784,573.75
89.30 5.41%
1,593,969.30
5,745.47
0.80%
(190,604.45)
A1 / A+
A+
2.72 2.60
06051GJD2 Bank of America Corp Callable Note
Cont 6/19/2025
1.319% Due 6/19/2026
1,800,000.00 Various
1.23%
1,805,843.00
1,802,533.19
91.71 6.49%
1,650,733.20
6,726.89
0.83%
(151,799.99)
A1 / A-
AA-
2.72 1.65
57629WDE7 Mass Mutual Global funding Note
1.2% Due 7/16/2026
1,250,000.00 08/19/2021
1.15%
1,252,787.50
1,251,588.63
88.51 5.70%
1,106,407.50
3,125.00
0.55%
(145,181.13)
Aa3 / AA+
AA+
2.79 2.67
58989V2D5 Met Tower Global Funding Note
1.25% Due 9/14/2026
975,000.00 09/07/2021
1.27%
974,103.00
974,469.95
88.10 5.68%
859,022.78
575.52
0.43%
(115,447.17)
Aa3 / AA-
AA-
2.96 2.83
931142ER0 Wal-Mart Stores Callable Note Cont
08/17/2026
1.05% Due 9/17/2026
445,000.00 09/08/2021
1.09%
444,158.95
444,501.63
89.16 5.03%
396,776.69
181.71
0.20%
(47,724.94)
Aa2 / AA
AA
2.97 2.85
59217GER6 Metlife Note
1.875% Due 1/11/2027
1,575,000.00 01/03/2022
1.90%
1,573,204.50
1,573,822.01
88.64 5.72%
1,396,089.45
6,562.50
0.70%
(177,732.56)
Aa3 / AA-
AA-
3.28 3.09
808513BY0 Charles Schwab Corp Callable Note
Cont 2/3/2027
2.45% Due 3/3/2027
1,425,000.00 03/01/2022
2.46%
1,424,601.70
1,424,725.19
89.07 6.03%
1,269,308.78
2,715.42
0.64%
(155,416.41)
A2 / A-
A
3.42 3.19
084664CZ2 Berkshire Hathaway Callable Note Cont
2/15/2027
2.3% Due 3/15/2027
2,395,000.00 03/07/2022
2.30%
2,394,544.95
2,394,685.75
91.73 4.93%
2,197,014.93
2,448.22
1.10%
(197,670.82)
Aa2 / AA
A+
3.46 3.25
06051GHT9 Bank of America Corp Callable Note 1X
4/23/2026
3.559% Due 4/23/2027
1,500,000.00 Various
4.94%
1,453,356.24
1,464,750.88
93.82 6.20%
1,407,265.50
23,430.09
0.72%
(57,485.38)
A1 / A-
AA-
3.56 2.36
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 105
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
665859AW4 Northern Trust Company Callable Note
Cont 4/10/2027
4% Due 5/10/2027
895,000.00 05/05/2022
4.04%
893,550.10
893,954.26
94.59 5.68%
846,606.46
14,021.67
0.43%
(47,347.80)
A2 / A+
A+
3.61 3.24
91324PEG3 United Health Group Inc Callable Note
Cont 4/15/2027
3.7% Due 5/15/2027
910,000.00 05/17/2022
3.69%
910,425.60
910,308.97
94.79 5.30%
862,564.43
12,719.77
0.44%
(47,744.54)
A2 / A+
A
3.62 3.28
89115A2C5 Toronto-Dominion Bank Note
4.108% Due 6/8/2027
2,000,000.00 08/26/2022
4.18%
1,993,300.00
1,994,826.05
94.39 5.82%
1,887,784.00
25,789.11
0.96%
(107,042.05)
A1 / A
NR
3.69 3.31
756109AU8 Realty Income Corp Callable Note Cont
10/15/2027
3.65% Due 1/15/2028
1,500,000.00 04/10/2023
4.87%
1,422,720.00
1,430,363.57
92.12 5.75%
1,381,741.50
11,558.33
0.70%
(48,622.07)
A3 / A-
NR
4.30 3.85
24422EWR6 John Deere Capital Corp Note
4.75% Due 1/20/2028
1,650,000.00 01/23/2023
4.40%
1,675,393.50
1,671,921.24
98.19 5.22%
1,620,054.15
15,457.29
0.82%
(51,867.09)
A2 / A
A+
4.31 3.81
037833ET3 Apple Inc Callable Note Cont 4/10/2028
4% Due 5/10/2028
1,000,000.00 05/08/2023
4.01%
999,449.70
999,493.07
96.02 4.98%
960,210.00
15,666.67
0.49%
(39,283.07)
Aaa / AA+
NR
4.61 4.08
58933YBH7 Merck & Co Callable Note Cont
4/17/2028
4.05% Due 5/17/2028
1,165,000.00 05/08/2023
4.05%
1,165,218.35
1,165,201.97
96.23 4.97%
1,121,035.23
17,562.38
0.57%
(44,166.74)
A1 / A+
NR
4.63 4.09
74340XCG4 Prologis LP Callable Note Cont
5/15/2028
4.875% Due 6/15/2028
2,350,000.00 Various
4.99%
2,338,786.70
2,339,346.48
97.44 5.50%
2,289,755.40
29,595.32
1.16%
(49,591.08)
A3 / A
NR
4.71 4.09
89115A2U5 Toronto-Dominion Bank Note
5.523% Due 7/17/2028
1,000,000.00 07/12/2023
5.36%
1,006,890.00
1,006,603.39
98.70 5.83%
987,039.00
11,352.83
0.50%
(19,564.39)
A1 / A
AA-
4.80 4.11
78016HZS2 ROYAL BANK OF CANADA Note
5.2% Due 8/1/2028
1,750,000.00 09/12/2023
5.50%
1,727,337.50
1,727,553.58
97.33 5.84%
1,703,290.75
17,947.22
0.86%
(24,262.83)
A1 / A
AA-
4.84 4.17
Total Corporate 57,230,000.00 2.49%
57,137,407.73
57,105,565.54 5.69%
53,629,523.52
375,810.52
27.00%
(3,476,042.02)
A1 / A+
AA-
2.71 2.39
MONEY MARKET FUND
60934N104 Federated Investors Government
Obligations Fund
358,244.18 Various
5.18%
358,244.18
358,244.18
1.00 5.18%
358,244.18
0.00 0.18%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 358,244.18 5.18%
358,244.18
358,244.18 5.18%
358,244.18
0.00 0.18%
0.00 Aaa / AAA
AAA
0.00 0.00
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 106
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
MUNICIPAL BONDS
13063DRK6 California State Taxable GO
2.4% Due 10/1/2024
1,915,000.00 10/16/2019
1.91%
1,958,987.55
1,923,924.30
96.92 5.60%
1,856,000.77
22,980.00
0.94%
(67,923.53)
Aa2 / AA-
AA
1.01 0.96
Total Municipal Bonds 1,915,000.00 1.91%
1,958,987.55
1,923,924.30 5.60%
1,856,000.77
22,980.00
0.94%
(67,923.53)
Aa2 / AA-
AA
1.01 0.96
SUPRANATIONAL
45950KCR9 International Finance Corp Note
1.375% Due 10/16/2024
2,500,000.00 07/12/2021
0.54%
2,567,250.00
2,521,531.30
95.76 5.61%
2,394,110.00
15,755.21
1.21%
(127,421.30)
Aaa / AAA
NR
1.05 1.01
459058HT3 Intl. Bank Recon & Development Note
1.625% Due 1/15/2025
2,500,000.00 07/12/2021
0.56%
2,592,325.00
2,534,018.27
95.25 5.48%
2,381,330.00
8,576.39
1.20%
(152,688.27)
Aaa / AAA
AAA
1.30 1.25
4581X0DL9 Inter-American Dev Bank Note
0.875% Due 4/3/2025
3,000,000.00 12/14/2021
1.08%
2,980,230.00
2,990,968.85
93.56 5.38%
2,806,737.00
12,979.17
1.41%
(184,231.85)
Aaa / AAA
AAA
1.51 1.46
459058JL8 Intl. Bank Recon & Development Note
0.5% Due 10/28/2025
3,400,000.00 Various
0.60%
3,384,848.15
3,393,315.63
91.01 5.12%
3,094,187.01
7,225.01
1.55%
(299,128.62)
Aaa / AAA
AAA
2.08 2.01
4581X0DV7 Inter-American Dev Bank Note
0.875% Due 4/20/2026
3,435,000.00 04/13/2021
0.97%
3,419,267.70
3,426,970.15
90.23 4.99%
3,099,493.25
13,441.82
1.56%
(327,476.90)
Aaa / AAA
AAA
2.56 2.46
45950KCX6 International Finance Corp Note
0.75% Due 10/8/2026
3,800,000.00 11/08/2021
1.15%
3,728,332.00
3,755,911.99
88.49 4.89%
3,362,471.80
13,695.83
1.69%
(393,440.19)
Aaa / AAA
NR
3.02 2.91
Total Supranational 18,635,000.00 0.84%
18,672,252.85
18,622,716.19 5.21%
17,138,329.06
71,673.43
8.61%
(1,484,387.13)
Aaa / AAA
AAA
2.00 1.93
US TREASURY
91282CCL3 US Treasury Note
0.375% Due 7/15/2024
500,000.00 07/13/2021
0.46%
498,671.88
499,651.00
96.10 5.48%
480,508.00
397.42
0.24%
(19,143.00)
Aaa / AA+
AA+
0.79 0.77
9128283D0 US Treasury Note
2.25% Due 10/31/2024
2,900,000.00 Various
1.76%
2,966,847.66
2,914,693.48
96.68 5.45%
2,803,598.20
27,305.71
1.42%
(111,095.28)
Aaa / AA+
AA+
1.09 1.04
912828YV6 US Treasury Note
1.5% Due 11/30/2024
3,000,000.00 02/04/2022
1.47%
3,002,343.75
3,000,972.19
95.68 5.37%
2,870,274.00
15,122.95
1.44%
(130,698.19)
Aaa / AA+
AA+
1.17 1.12
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 107
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
91282CDN8 US Treasury Note
1% Due 12/15/2024
3,000,000.00 12/14/2021
0.98%
3,001,640.63
3,000,660.14
94.96 5.37%
2,848,710.00
8,852.46
1.43%
(151,950.14)
Aaa / AA+
AA+
1.21 1.17
91282CED9 US Treasury Note
1.75% Due 3/15/2025
1,495,000.00 04/08/2022
2.71%
1,454,938.67
1,475,081.86
95.09 5.29%
1,421,652.31
1,150.00
0.71%
(53,429.55)
Aaa / AA+
AA+
1.46 1.41
91282CAM3 US Treasury Note
0.25% Due 9/30/2025
3,300,000.00 03/29/2021
0.74%
3,228,199.22
3,268,137.04
91.00 5.04%
3,003,000.00
22.54 1.50%
(265,137.04)
Aaa / AA+
AA+
2.00 1.95
91282CAT8 US Treasury Note
0.25% Due 10/31/2025
3,400,000.00 02/22/2021
0.54%
3,354,046.88
3,379,561.47
90.68 5.02%
3,082,977.20
3,557.07
1.54%
(296,584.27)
Aaa / AA+
AA+
2.09 2.03
91282CAZ4 US Treasury Note
0.375% Due 11/30/2025
2,200,000.00 03/26/2021
0.77%
2,160,554.69
2,181,721.59
90.61 5.00%
1,993,321.00
2,772.54
1.00%
(188,400.59)
Aaa / AA+
AA+
2.17 2.10
91282CCZ2 US Treasury Note
0.875% Due 9/30/2026
1,780,000.00 10/18/2021
1.19%
1,753,369.53
1,763,862.55
89.23 4.77%
1,588,372.32
42.55 0.79%
(175,490.23)
Aaa / AA+
AA+
3.00 2.90
91282CDK4 US Treasury Note
1.25% Due 11/30/2026
3,500,000.00 12/16/2021
1.17%
3,512,714.84
3,508,125.13
89.73 4.78%
3,140,431.00
14,702.87
1.58%
(367,694.13)
Aaa / AA+
AA+
3.17 3.02
912828Z78 US Treasury Note
1.5% Due 1/31/2027
1,150,000.00 02/07/2022
1.77%
1,135,355.47
1,140,188.65
90.04 4.77%
1,035,449.65
2,906.25
0.52%
(104,739.00)
Aaa / AA+
AA+
3.34 3.18
91282CET4 US Treasury Note
2.625% Due 5/31/2027
1,800,000.00 06/09/2022
3.07%
1,763,367.19
1,773,009.53
92.96 4.74%
1,673,296.20
15,879.10
0.84%
(99,713.33)
Aaa / AA+
AA+
3.67 3.40
91282CEW7 US Treasury Note
3.25% Due 6/30/2027
2,975,000.00 Various
3.12%
2,993,090.82
2,988,675.38
95.01 4.72%
2,826,598.08
24,434.61
1.43%
(162,077.30)
Aaa / AA+
AA+
3.75 3.44
91282CFB2 US Treasury Note
2.75% Due 7/31/2027
900,000.00 08/22/2022
3.12%
884,742.19
888,161.02
93.15 4.72%
838,370.70
4,169.84
0.42%
(49,790.32)
Aaa / AA+
AA+
3.84 3.56
91282CFH9 US Treasury Note
3.125% Due 8/31/2027
3,150,000.00 Various
3.41%
3,109,707.03
3,118,208.64
94.38 4.71%
2,972,935.35
8,383.41
1.49%
(145,273.29)
Aaa / AA+
AA+
3.92 3.62
91282CFM8 US Treasury Note
4.125% Due 9/30/2027
3,900,000.00 10/20/2022
4.45%
3,843,632.81
3,854,305.33
97.92 4.70%
3,818,802.00
439.55
1.91%
(35,503.33)
Aaa / AA+
AA+
4.00 3.64
91282CFZ9 US Treasury Note
3.875% Due 11/30/2027
1,250,000.00 12/05/2022
3.81%
1,253,906.25
1,253,264.51
96.94 4.69%
1,211,718.75
16,278.18
0.61%
(41,545.76)
Aaa / AA+
AA+
4.17 3.74
91282CGC9 US Treasury Note
3.875% Due 12/31/2027
3,350,000.00 Various
3.70%
3,375,494.14
3,371,929.44
96.92 4.68%
3,246,753.00
32,805.88
1.64%
(125,176.44)
Aaa / AA+
AA+
4.25 3.83
91282CGH8 US Treasury Note
3.5% Due 1/31/2028
5,000,000.00 Various
3.84%
4,923,765.63
4,933,052.63
95.43 4.67%
4,771,680.00
29,483.70
2.40%
(161,372.63)
Aaa / AA+
AA+
4.34 3.94
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 108
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
91282CGP0 US Treasury Note
4% Due 2/29/2028
5,000,000.00 Various
4.08%
4,981,033.20
4,983,342.02
97.41 4.65%
4,870,705.00
17,032.96
2.44%
(112,637.02)
Aaa / AA+
AA+
4.42 3.98
91282CHE4 US Treasury Note
3.625% Due 5/31/2028
3,000,000.00 06/14/2023
4.00%
2,950,429.69
2,953,255.23
95.84 4.62%
2,875,314.00
36,547.13
1.46%
(77,941.23)
Aaa / AA+
AA+
4.67 4.18
91282CHQ7 US Treasury Note
4.125% Due 7/31/2028
4,000,000.00 08/21/2023
4.46%
3,941,718.75
3,943,010.30
97.84 4.63%
3,913,752.00
27,798.91
1.97%
(29,258.30)
Aaa / AA+
AA+
4.84 4.30
91282CHX2 US Treasury Note
4.375% Due 8/31/2028
1,100,000.00 09/25/2023
4.62%
1,088,398.44
1,088,430.65
99.01 4.60%
1,089,085.80
4,098.56
0.55%
655.15
Aaa / AA+
AA+
4.92 4.36
Total US Treasury 61,650,000.00 2.73%
61,177,969.36
61,281,299.78 4.86%
58,377,304.56
294,184.19
29.34%
(2,903,995.22)
Aaa / AA+
AA+
3.31 3.04
TOTAL PORTFOLIO 211,211,353.94 2.35%
210,383,937.06
210,264,049.30 5.30%
199,063,207.91
921,136.88
100.00%
(11,200,841.39)
Aa1 / AA
AA+
2.83 2.42
TOTAL MARKET VALUE PLUS ACCRUED 199,984,344.79
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 109
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/01/2023 60934N104 4,408.40 Federated Investors Government Obligations Fund
1.000 5.18% 4,408.40 0.00 4,408.40 0.00
Purchase 09/03/2023 60934N104 17,456.25 Federated Investors Government Obligations Fund
1.000 5.18% 17,456.25 0.00 17,456.25 0.00
Purchase 09/07/2023 60934N104 2,920,312.51 Federated Investors Government Obligations Fund
1.000 5.18% 2,920,312.51 0.00 2,920,312.51 0.00
Purchase 09/08/2023 3137FJEH8 3,700,000.00 FHLMC K081 A2
3.9% Due 8/25/2028
95.797 4.88% 3,544,484.38 2,805.83 3,547,290.21 0.00
Purchase 09/13/2023 60934N104 3,758,993.21 Federated Investors Government Obligations Fund
1.000 5.18% 3,758,993.21 0.00 3,758,993.21 0.00
Purchase 09/14/2023 60934N104 38,750.00 Federated Investors Government Obligations Fund
1.000 5.18% 38,750.00 0.00 38,750.00 0.00
Purchase 09/14/2023 78016HZS2 1,750,000.00 ROYAL BANK OF CANADA Note
5.2% Due 8/1/2028
98.705 5.50% 1,727,337.50 13,650.00 1,740,987.50 0.00
Purchase 09/15/2023 161571HT4 2,200,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
99.972 5.23% 2,199,390.16 0.00 2,199,390.16 0.00
Purchase 09/15/2023 60934N104 70,123.75 Federated Investors Government Obligations Fund
1.000 5.18% 70,123.75 0.00 70,123.75 0.00
Purchase 09/15/2023 60934N104 12,463.85 Federated Investors Government Obligations Fund
1.000 5.18% 12,463.85 0.00 12,463.85 0.00
Purchase 09/15/2023 60934N104 37,324.86 Federated Investors Government Obligations Fund
1.000 5.18% 37,324.86 0.00 37,324.86 0.00
Purchase 09/15/2023 60934N104 87,893.81 Federated Investors Government Obligations Fund
1.000 5.18% 87,893.81 0.00 87,893.81 0.00
Purchase 09/15/2023 60934N104 90,988.38 Federated Investors Government Obligations Fund
1.000 5.18% 90,988.38 0.00 90,988.38 0.00
Purchase 09/15/2023 60934N104 36,911.65 Federated Investors Government Obligations Fund
1.000 5.18% 36,911.65 0.00 36,911.65 0.00
Purchase 09/15/2023 60934N104 26,788.83 Federated Investors Government Obligations Fund
1.000 5.18% 26,788.83 0.00 26,788.83 0.00
Purchase 09/15/2023 60934N104 8,452.15 Federated Investors Government Obligations Fund
1.000 5.18% 8,452.15 0.00 8,452.15 0.00
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 110
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/15/2023 60934N104 1,624.00 Federated Investors Government Obligations Fund
1.000 5.18% 1,624.00 0.00 1,624.00 0.00
Purchase 09/15/2023 60934N104 2,727.08 Federated Investors Government Obligations Fund
1.000 5.18% 2,727.08 0.00 2,727.08 0.00
Purchase 09/15/2023 60934N104 5,959.54 Federated Investors Government Obligations Fund
1.000 5.18% 5,959.54 0.00 5,959.54 0.00
Purchase 09/15/2023 60934N104 1,715.50 Federated Investors Government Obligations Fund
1.000 5.18% 1,715.50 0.00 1,715.50 0.00
Purchase 09/15/2023 60934N104 2,220.00 Federated Investors Government Obligations Fund
1.000 5.18% 2,220.00 0.00 2,220.00 0.00
Purchase 09/15/2023 60934N104 5,198.00 Federated Investors Government Obligations Fund
1.000 5.18% 5,198.00 0.00 5,198.00 0.00
Purchase 09/15/2023 60934N104 28,715.84 Federated Investors Government Obligations Fund
1.000 5.18% 28,715.84 0.00 28,715.84 0.00
Purchase 09/15/2023 60934N104 26,174.63 Federated Investors Government Obligations Fund
1.000 5.18% 26,174.63 0.00 26,174.63 0.00
Purchase 09/15/2023 60934N104 33,136.52 Federated Investors Government Obligations Fund
1.000 5.18% 33,136.52 0.00 33,136.52 0.00
Purchase 09/15/2023 60934N104 61,356.01 Federated Investors Government Obligations Fund
1.000 5.18% 61,356.01 0.00 61,356.01 0.00
Purchase 09/17/2023 60934N104 2,336.25 Federated Investors Government Obligations Fund
1.000 5.18% 2,336.25 0.00 2,336.25 0.00
Purchase 09/18/2023 60934N104 1,343.33 Federated Investors Government Obligations Fund
1.000 5.18% 1,343.33 0.00 1,343.33 0.00
Purchase 09/18/2023 60934N104 23,568.56 Federated Investors Government Obligations Fund
1.000 5.18% 23,568.56 0.00 23,568.56 0.00
Purchase 09/18/2023 60934N104 4,279.08 Federated Investors Government Obligations Fund
1.000 5.18% 4,279.08 0.00 4,279.08 0.00
Purchase 09/18/2023 60934N104 31,663.25 Federated Investors Government Obligations Fund
1.000 5.18% 31,663.25 0.00 31,663.25 0.00
Purchase 09/20/2023 60934N104 2,371.50 Federated Investors Government Obligations Fund
1.000 5.18% 2,371.50 0.00 2,371.50 0.00
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 111
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/20/2023 60934N104 135,818.77 Federated Investors Government Obligations Fund
1.000 5.18% 135,818.77 0.00 135,818.77 0.00
Purchase 09/20/2023 60934N104 146,442.92 Federated Investors Government Obligations Fund
1.000 5.18% 146,442.92 0.00 146,442.92 0.00
Purchase 09/20/2023 60934N104 76,679.58 Federated Investors Government Obligations Fund
1.000 5.18% 76,679.58 0.00 76,679.58 0.00
Purchase 09/20/2023 60934N104 44,894.69 Federated Investors Government Obligations Fund
1.000 5.18% 44,894.69 0.00 44,894.69 0.00
Purchase 09/21/2023 60934N104 17,071.28 Federated Investors Government Obligations Fund
1.000 5.18% 17,071.28 0.00 17,071.28 0.00
Purchase 09/21/2023 60934N104 36,540.56 Federated Investors Government Obligations Fund
1.000 5.18% 36,540.56 0.00 36,540.56 0.00
Purchase 09/23/2023 60934N104 6,346.88 Federated Investors Government Obligations Fund
1.000 5.18% 6,346.88 0.00 6,346.88 0.00
Purchase 09/25/2023 60934N104 2,100.29 Federated Investors Government Obligations Fund
1.000 5.18% 2,100.29 0.00 2,100.29 0.00
Purchase 09/25/2023 60934N104 6,600.00 Federated Investors Government Obligations Fund
1.000 5.18% 6,600.00 0.00 6,600.00 0.00
Purchase 09/25/2023 60934N104 1,796.63 Federated Investors Government Obligations Fund
1.000 5.18% 1,796.63 0.00 1,796.63 0.00
Purchase 09/25/2023 60934N104 3,333.07 Federated Investors Government Obligations Fund
1.000 5.18% 3,333.07 0.00 3,333.07 0.00
Purchase 09/25/2023 60934N104 8,899.58 Federated Investors Government Obligations Fund
1.000 5.18% 8,899.58 0.00 8,899.58 0.00
Purchase 09/25/2023 60934N104 3,200.05 Federated Investors Government Obligations Fund
1.000 5.18% 3,200.05 0.00 3,200.05 0.00
Purchase 09/25/2023 60934N104 5,597.29 Federated Investors Government Obligations Fund
1.000 5.18% 5,597.29 0.00 5,597.29 0.00
Purchase 09/25/2023 60934N104 1,899.25 Federated Investors Government Obligations Fund
1.000 5.18% 1,899.25 0.00 1,899.25 0.00
Purchase 09/25/2023 60934N104 1,633.66 Federated Investors Government Obligations Fund
1.000 5.18% 1,633.66 0.00 1,633.66 0.00
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 112
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/25/2023 60934N104 6,724.25 Federated Investors Government Obligations Fund
1.000 5.18% 6,724.25 0.00 6,724.25 0.00
Purchase 09/25/2023 60934N104 150,532.27 Federated Investors Government Obligations Fund
1.000 5.18% 150,532.27 0.00 150,532.27 0.00
Purchase 09/25/2023 60934N104 50,001.01 Federated Investors Government Obligations Fund
1.000 5.18% 50,001.01 0.00 50,001.01 0.00
Purchase 09/26/2023 91282CHX2 1,100,000.00 US Treasury Note
4.375% Due 8/31/2028
98.945 4.62% 1,088,398.44 3,437.50 1,091,835.94 0.00
Purchase 09/30/2023 60934N104 92,350.00 Federated Investors Government Obligations Fund
1.000 5.18% 92,350.00 0.00 92,350.00 0.00
Subtotal 16,893,718.77 16,703,329.25 19,893.33 16,723,222.58 0.00 Short Sale 09/08/2023 60934N104 -3,547,290.21 Federated Investors Government Obligations Fund
1.000 -3,547,290.21 0.00 -3,547,290.21 0.00
Short Sale 09/15/2023 60934N104 -2,199,390.16 Federated Investors Government Obligations Fund
1.000 -2,199,390.16 0.00 -2,199,390.16 0.00
Subtotal -5,746,680.37 -5,746,680.37 0.00 -5,746,680.37 0.00 TOTAL ACQUISITIONS 11,147,038.40 10,956,648.88 19,893.33 10,976,542.21 0.00
DISPOSITIONS
Closing
Purchase
09/08/2023 60934N104 -3,547,290.21 Federated Investors Government Obligations Fund
1.000 -3,547,290.21 0.00 -3,547,290.21 0.00
Closing
Purchase
09/15/2023 60934N104 -2,199,390.16 Federated Investors Government Obligations Fund
1.000 -2,199,390.16 0.00 -2,199,390.16 0.00
Subtotal -5,746,680.37 -5,746,680.37 0.00 -5,746,680.37 0.00 Sale 09/07/2023 912828D56 3,000,000.00 US Treasury Note
2.375% Due 8/15/2024
97.195 1.45% 2,915,859.38 4,453.13 2,920,312.51 -109,318.15 Sale 09/08/2023 60934N104 3,547,290.21 Federated Investors Government Obligations Fund
1.000 5.18% 3,547,290.21 0.00 3,547,290.21 0.00
Sale 09/13/2023 78015K7C2 1,900,000.00 Royal Bank of Canada Note
2.25% Due 11/1/2024
96.019 2.26% 1,824,361.00 15,675.00 1,840,036.00 -75,409.81 Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 113
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Sale 09/13/2023 91282CCL3 2,000,000.00 US Treasury Note
0.375% Due 7/15/2024
95.887 0.46% 1,917,734.38 1,222.83 1,918,957.21 -80,782.39 Sale 09/14/2023 60934N104 1,740,987.50 Federated Investors Government Obligations Fund
1.000 5.18% 1,740,987.50 0.00 1,740,987.50 0.00
Sale 09/15/2023 60934N104 2,199,390.16 Federated Investors Government Obligations Fund
1.000 5.18% 2,199,390.16 0.00 2,199,390.16 0.00
Sale 09/26/2023 60934N104 1,091,835.94 Federated Investors Government Obligations Fund
1.000 5.18% 1,091,835.94 0.00 1,091,835.94 0.00
Subtotal 15,479,503.81 15,237,458.57 21,350.96 15,258,809.53 -265,510.35 Paydown 09/15/2023 02582JJT8 0.00 American Express Credit Trust 2022-2 A
3.39% Due 5/17/2027
100.000 0.00 5,198.00 5,198.00 0.00
Paydown 09/15/2023 43813DAC2 12,455.34 Honda Auto Receivables 2020-2 A3
0.82% Due 7/15/2024
100.000 12,455.34 8.51 12,463.85 0.00
Paydown 09/15/2023 43815BAC4 0.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
100.000 0.00 1,715.50 1,715.50 0.00
Paydown 09/15/2023 44891RAC4 37,251.63 Hyundai Auto Receivables Trust 2020-C A3
0.38% Due 5/15/2025
100.000 37,251.63 73.23 37,324.86 0.00
Paydown 09/15/2023 44891VAC5 87,869.65 Hyundai Auto Lease Trust 2021-B A3
0.33% Due 6/17/2024
100.000 87,869.65 24.16 87,893.81 0.00
Paydown 09/15/2023 44891WAC3 90,341.50 Hyundai Auto Lease Trust 2022-A A3
1.16% Due 1/15/2025
100.000 90,341.50 646.88 90,988.38 0.00
Paydown 09/15/2023 448977AD0 0.00 Hyundai Auto Receivables Trust 2022-A A3
2.22% Due 10/15/2026
100.000 0.00 2,220.00 2,220.00 0.00
Paydown 09/15/2023 44933LAC7 36,800.94 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
100.000 36,800.94 110.71 36,911.65 0.00
Paydown 09/15/2023 44935FAD6 26,539.97 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
100.000 26,539.97 248.86 26,788.83 0.00
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 114
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 09/15/2023 47787JAC2 0.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
100.000 0.00 1,624.00 1,624.00 0.00
Paydown 09/15/2023 47787NAC3 8,444.57 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
100.000 8,444.57 7.58 8,452.15 0.00
Paydown 09/15/2023 47789QAC4 28,468.35 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
100.000 28,468.35 247.49 28,715.84 0.00
Paydown 09/15/2023 47800AAC4 0.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
100.000 0.00 2,727.08 2,727.08 0.00
Paydown 09/15/2023 47800BAC2 0.00 John Deere Owner Trust 2022-C A3
5.09% Due 6/15/2027
100.000 0.00 5,959.54 5,959.54 0.00
Paydown 09/15/2023 89236XAC0 26,149.74 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
100.000 26,149.74 24.89 26,174.63 0.00
Paydown 09/15/2023 89238JAC9 32,822.83 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
100.000 32,822.83 313.69 33,136.52 0.00
Paydown 09/15/2023 89240BAC2 61,250.60 Toyota Auto Receivables Owners 2021- A A3
0.26% Due 5/15/2025
100.000 61,250.60 105.41 61,356.01 0.00
Paydown 09/18/2023 362554AC1 23,337.90 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
100.000 23,337.90 230.66 23,568.56 0.00
Paydown 09/18/2023 362585AC5 0.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
100.000 0.00 1,343.33 1,343.33 0.00
Paydown 09/18/2023 380146AC4 3,838.08 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
100.000 3,838.08 441.00 4,279.08 0.00
Paydown 09/18/2023 43813KAC6 31,621.62 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
100.000 31,621.62 41.63 31,663.25 0.00
Paydown 09/20/2023 36262XAC8 135,644.66 GM Financial Auto Lease Trust 2021-3 A2
0.39% Due 10/21/2024
100.000 135,644.66 174.11 135,818.77 0.00
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 115
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 09/20/2023 36265MAC9 144,386.94 GM Financial Auto Lease Trust 2022-1 A3
1.9% Due 3/20/2025
100.000 144,386.94 2,055.98 146,442.92 0.00
Paydown 09/20/2023 89238LAC4 73,886.58 Toyota Lease Owner Trust 2022-A A3
1.96% Due 2/20/2025
100.000 73,886.58 2,793.00 76,679.58 0.00
Paydown 09/20/2023 92290BAA9 44,873.89 Verizon Owner Trust 2020-B A
0.47% Due 2/20/2025
100.000 44,873.89 20.80 44,894.69 0.00
Paydown 09/20/2023 92348KAV5 0.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
100.000 0.00 2,371.50 2,371.50 0.00
Paydown 09/21/2023 43813GAC5 17,041.46 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
100.000 17,041.46 29.82 17,071.28 0.00
Paydown 09/21/2023 43815GAC3 36,127.50 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
100.000 36,127.50 413.06 36,540.56 0.00
Paydown 09/25/2023 05601XAC3 149,636.39 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
100.000 149,636.39 895.88 150,532.27 0.00
Paydown 09/25/2023 05602RAD3 0.00 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
100.000 0.00 1,899.25 1,899.25 0.00
Paydown 09/25/2023 09690AAC7 49,959.09 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
100.000 49,959.09 41.92 50,001.01 0.00
Paydown 09/25/2023 3137BLW95 0.00 FHLMC K050 A2
3.334% Due 8/25/2025
100.000 0.00 1,633.66 1,633.66 0.00
Paydown 09/25/2023 3137BSP72 0.00 FHLMC K058 A2
2.653% Due 8/25/2026
100.000 0.00 2,100.29 2,100.29 0.00
Paydown 09/25/2023 3137F4D41 0.00 FHLMC K074 A2
3.6% Due 1/25/2028
100.000 0.00 6,600.00 6,600.00 0.00
Paydown 09/25/2023 3137FAWS3 0.00 FHLMC K067 A2
3.194% Due 7/25/2027
100.000 0.00 1,796.63 1,796.63 0.00
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 116
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 09/25/2023 3137FBU79 0.00 FHLMC K069 A2
3.187% Due 9/25/2027
100.000 0.00 3,333.07 3,333.07 0.00
Paydown 09/25/2023 3137FCLD4 0.00 FHLMC K071 A2
3.286% Due 11/25/2027
100.000 0.00 8,899.58 8,899.58 0.00
Paydown 09/25/2023 3137FEBQ2 0.00 FHLMC K072 A2
3.444% Due 12/25/2027
100.000 0.00 3,200.05 3,200.05 0.00
Paydown 09/25/2023 3137FETN0 0.00 FHLMC K073 A2
3.35% Due 1/25/2028
100.000 0.00 5,597.29 5,597.29 0.00
Paydown 09/25/2023 3137FEZU7 0.00 FHLMC K076 A2
3.9% Due 4/25/2028
100.000 0.00 6,724.25 6,724.25 0.00
Subtotal 1,158,749.23 1,158,749.23 73,892.29 1,232,641.52 0.00 TOTAL DISPOSITIONS 10,891,572.67 10,649,527.43 95,243.25 10,744,770.68 -265,510.35
OTHER TRANSACTIONS
Interest 09/03/2023 808513BY0 1,425,000.00 Charles Schwab Corp Callable Note Cont 2/3/2027
2.45% Due 3/3/2027
0.000 17,456.25 0.00 17,456.25 0.00
Interest 09/14/2023 3130A4CH3 2,750,000.00 FHLB Note
2.375% Due 3/14/2025
0.000 32,656.25 0.00 32,656.25 0.00
Interest 09/14/2023 58989V2D5 975,000.00 Met Tower Global Funding Note
1.25% Due 9/14/2026
0.000 6,093.75 0.00 6,093.75 0.00
Interest 09/15/2023 002824BB5 2,000,000.00 Abbott Laboratories Callable Note Cont 12/15/2024
2.95% Due 3/15/2025
0.000 29,500.00 0.00 29,500.00 0.00
Interest 09/15/2023 084664CZ2 2,395,000.00 Berkshire Hathaway Callable Note Cont 2/15/2027
2.3% Due 3/15/2027
0.000 27,542.50 0.00 27,542.50 0.00
Interest 09/15/2023 91282CED9 1,495,000.00 US Treasury Note
1.75% Due 3/15/2025
0.000 13,081.25 0.00 13,081.25 0.00
Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 117
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Interest 09/17/2023 931142ER0 445,000.00 Wal-Mart Stores Callable Note Cont 08/17/2026
1.05% Due 9/17/2026
0.000 2,336.25 0.00 2,336.25 0.00
Interest 09/23/2023 3137EAEX3 3,385,000.00 FHLMC Note
0.375% Due 9/23/2025
0.000 6,346.88 0.00 6,346.88 0.00
Interest 09/30/2023 91282CAM3 3,300,000.00 US Treasury Note
0.25% Due 9/30/2025
0.000 4,125.00 0.00 4,125.00 0.00
Interest 09/30/2023 91282CCZ2 1,780,000.00 US Treasury Note
0.875% Due 9/30/2026
0.000 7,787.50 0.00 7,787.50 0.00
Interest 09/30/2023 91282CFM8 3,900,000.00 US Treasury Note
4.125% Due 9/30/2027
0.000 80,437.50 0.00 80,437.50 0.00
Subtotal 23,850,000.00 227,363.13 0.00 227,363.13 0.00
Dividend 09/01/2023 60934N104 12,647,370.08 Federated Investors Government Obligations Fund
0.000 4,408.40 0.00 4,408.40 0.00
Subtotal 12,647,370.08 4,408.40 0.00 4,408.40 0.00
TOTAL OTHER TRANSACTIONS 36,497,370.08 231,771.53 0.00 231,771.53 0.00 Execution Time: 10/3/2023 5:33:54 PMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 118
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - City of Moreno Valley Limited Strategy
MONTHLY ACCOUNT STATEMENT
SEPTEMBER 1, 2023 THROUGH SEPTEMBER 30, 2023
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305
A.9.a
Packet Pg. 119
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT -
ACCOUNT SUMMARY
Beg. Values
as of 8/31/23
End Values
as of 9/30/23
Market Value 61,481,586 61,754,243
Accrued Interest 0 0
Total Market Value 61,481,586 61,754,243
Income Earned 280,061 272,657
Cont/WD 0
Par 62,348,689 62,765,713
Book Value 61,481,586 61,754,243
Cost Value 60,907,329 61,171,122
TOP ISSUERS
Government of United States 99.6%
Federated GOVT Obligation MMF 0.4%
Total 100.0%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 0.30
Average Coupon 5.22%
Average Purchase YTM 5.43%
Average Market YTM 5.43%
Average S&P/Moody Rating AAA/Aaa
Average Final Maturity 0.31 yrs
Average Life 0.00 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of September 30, 2023
City of Moreno Valley Limited Strategy
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Execution Time: 10/3/2023 3:51:13 AMChandler Asset Management - CONFIDENTIAL
A.9.a
Packet Pg. 120
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Category Standard Comment
Treasury Issues No Limitation Complies
U.S. Agency Issues No Limitation Complies
Supranational Securities "AA" rating by a NRSRO; 30% maximum; 5% max per issuer; Issued by International Bank for Reconstruction (IBRD), International Finance Corporation (IFC), or Inter-American Development Bank (IADB) only Complies Municipal Securities (Local Agency/State-
CA and others) No Limitation Complies
Banker’s Acceptances 40% maximum; 5% max per issuer; 180 days max maturity Complies Commercial Paper
"A-1/P-1/F-1" minimum ratings; "A" rated issuer or higher, if long term debt issued; 25% maximum; 5% max per issuer; 270 days max maturity; Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in Commercial Paper if the Agency’s investment assets under management are greater than $100,000,000 Complies
Negotiable Certificates of Deposit 30% maximum; 5% max per issuer Complies Medium Term Notes "A" rating or better by a NRSRO; 30% maximum; 5% max per issuer Complies Money Market Mutual Funds and Mutual
Funds AAA/Aaa or Highest rating by two NRSROs; 20% maximum Complies Certificates of Deposit (CD)/ Time Deposit
(TD)/ Bank Deposit (Collateralized/FDIC
insured)
5% max per issuer Complies
Asset-Backed Securities, Mortgage Pass-
Through Securities, Collateralized
Mortgage Backed Securities
"AA" rating or better by a NRSRO; 20% maximum (combined MBS/ABS/CMO); 5% max per issuer Complies Repurchase Agreements 1 year max maturity Complies
Local Agency Investment Fund (LAIF) Maximum program limitation; Not used by investment adviser Complies County Pooled Investment Funds;
Joint Powers Authority Pool Not used by investment adviser Complies Max Per Issuer 5% of portfolio per issuer, except US Government, its agencies and instrumentalities, Supranational issuers, investment pools, and money funds or money market mutual funds Complies Maximum Maturity 5 years Complies
Weighted Average Maturity 3 years Complies
Statement of Compliance
As of September 30, 2023
City of Moreno Valley Limited Strategy
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy.
A.9.a
Packet Pg. 121
Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2023
City of Moreno Valley Limited Strategy
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
MONEY MARKET FUND
60934N104 Federated Investors Government
Obligations Fund
245,712.52 09/07/2023
5.18%
245,712.52
245,712.52
1.00 5.18%
245,712.52
0.00 0.40%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 245,712.52 5.18%
245,712.52
245,712.52 5.18%
245,712.52
0.00 0.40%
0.00 Aaa / AAA
AAA
0.00 0.00
US TREASURY
912797FU6 US Treasury Bill
5.146% Due 12/14/2023
26,170,000.00 Various
5.35%
25,528,650.54
25,893,201.55
98.94 5.35%
25,893,201.55
0.00 41.93%
0.00 P-1 / A-1+
F-1+
0.21 0.20
912796ZY8 US Treasury Bill
5.261% Due 1/25/2024
10,500,000.00 07/31/2023
5.48%
10,228,416.36
10,322,012.98
98.30 5.48%
10,322,012.98
0.00 16.71%
0.00 P-1 / A-1+
F-1+
0.32 0.31
912797GM3 US Treasury Bill
5.256% Due 2/8/2024
10,350,000.00 08/11/2023
5.47%
10,081,024.20
10,153,557.00
98.10 5.47%
10,153,557.00
0.00 16.44%
0.00 P-1 / A-1+
F-1+
0.36 0.35
912797GQ4 US Treasury Bill
5.295% Due 3/7/2024
15,500,000.00 09/07/2023
5.52%
15,087,318.74
15,139,758.90
97.68 5.52%
15,139,758.90
0.00 24.52%
0.00 P-1 / A-1+
F-1+
0.44 0.42
Total US Treasury 62,520,000.00 5.43%
60,925,409.84
61,508,530.43 5.43%
61,508,530.43
0.00 99.60%
0.00 P-1 / A-1+
F-1+
0.31 0.30
TOTAL PORTFOLIO 62,765,712.52 5.43%
61,171,122.36
61,754,242.95 5.43%
61,754,242.95
0.00 100.00%
0.00 Aaa / AAA
AAA
0.31 0.30
TOTAL MARKET VALUE PLUS ACCRUED 61,754,242.95
Execution Time: 10/3/2023 3:51:13 AMChandler Asset Management - CONFIDENTIAL
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Transaction Ledger
As of September 30, 2023
City of Moreno Valley Limited Strategy
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/01/2023 60934N104 4,342.40 Federated Investors Government Obligations Fund
1.000 5.18% 4,342.40 0.00 4,342.40 0.00
Purchase 09/06/2023 60934N104 5,000,000.00 Federated Investors Government Obligations Fund
1.000 5.18% 5,000,000.00 0.00 5,000,000.00 0.00
Purchase 09/07/2023 60934N104 10,250,000.00 Federated Investors Government Obligations Fund
1.000 5.18% 10,250,000.00 0.00 10,250,000.00 0.00
Purchase 09/08/2023 912797GQ4 15,500,000.00 US Treasury Bill
5.295% Due 3/7/2024
97.338 5.52% 15,087,318.74 0.00 15,087,318.74 0.00
Subtotal 30,754,342.40 30,341,661.14 0.00 30,341,661.14 0.00 TOTAL ACQUISITIONS 30,754,342.40 30,341,661.14 0.00 30,341,661.14 0.00
DISPOSITIONS
Sale 09/08/2023 60934N104 15,087,318.74 Federated Investors Government Obligations Fund
1.000 5.18% 15,087,318.74 0.00 15,087,318.74 0.00
Subtotal 15,087,318.74 15,087,318.74 0.00 15,087,318.74 0.00 Maturity 09/06/2023 313384LJ6 5,000,000.00 FHLB Discount Note
5.145% Due 9/6/2023
100.000 5,000,000.00 0.00 5,000,000.00 0.00
Maturity 09/07/2023 912796YH6 10,250,000.00 US Treasury Bill
5.105% Due 9/7/2023
100.000 10,250,000.00 0.00 10,250,000.00 0.00
Subtotal 15,250,000.00 15,250,000.00 0.00 15,250,000.00 0.00 TOTAL DISPOSITIONS 30,337,318.74 30,337,318.74 0.00 30,337,318.74 0.00
OTHER TRANSACTIONS
Dividend 09/01/2023 60934N104 12,458,037.38 Federated Investors Government Obligations Fund
0.000 4,342.40 0.00 4,342.40 0.00
Subtotal 12,458,037.38 4,342.40 0.00 4,342.40 0.00
TOTAL OTHER TRANSACTIONS 12,458,037.38 4,342.40 0.00 4,342.40 0.00 Execution Time: 10/3/2023 3:51:13 AMChandler Asset Management - CONFIDENTIAL
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Recent economic data continues to suggest positive but below trend growth this year.
Although the pace of job growth is moderating, labor markets remain solid, and the U.S. consumer has demonstrated resiliency. Inflationary trends are subsiding, but core levels remain well above the Fed’s target. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, we believe the economy will gradually soften and the Fed will remain data dependent as they tread cautiously going forward.
As anticipated at the July meeting, the Federal Open Market Committee voted unanimously to raise the Federal Funds rate by 0.25% to a target range of 5.25 - 5.50%, the highest level in over 20 years. Fed Chair Powell maintained that the FOMC will remain data dependent going forward, and that they do not anticipate a recession, leaving the option open for the possibility of additional rate hikes in the future if needed.
Bond yields experienced upward pressure in August as investors sought higher returns, partly due to the U.S. Treasury's issuance of $103 billion in their quarterly refunding.
During the month, the 2-year Treasury yield remained relatively stable, ending at 4.87%, while the 5-year Treasury yield increased by 8 basis points to 4.26%. Additionally, the 10-year Treasury yield saw a notable uptick of 15 basis points, reaching 4.11%. These fluctuations in yields reflect the evolving dynamics in the bond market, influenced by various economic and financial factors. It is worth noting that the yield curve has remained inverted since July 2022, signaling potential economic concerns or uncertainties.
Market Summary
Treasury Yields Increased Across the Curve in August
BOND MARKET REVIEW
A Monthly Review of Fixed Income Markets
SEPTEMBER 2023
Chandler Asset Management | 800.317.4747 | chandlerasset.com | Page 1 TREASURY YIELDS Trend (▲/▼) 08/31/2023 07/31/2023 Change 3-Month ▲ 5.45 5.42 0.03
2-Year ▼ 4.87 4.88 -0.01
3-Year ▲ 4.56 4.53 0.03
5-Year ▲ 4.26 4.18 0.08
7-Year ▲ 4.21 4.08 0.13
10-Year ▲ 4.11 3.96 0.15
30-Year ▲ 4.21 4.01 0.20
Source: Bloomberg
Interest rates increased across the yield curve in August in response to Federal Reserve Chair Jerome Powell's commitment to maintaining the 2% inflation target. Moreover, the U.S. Treasury issued an additional supply of $103 billion during the month as part of its regularly scheduled quarterly refunding. Despite these developments, the Treasury yield curve remained inverted, although there was a narrowing of the inversion between the 2-year and 10-year Treasury yields, narrowing from -92 basis points at the close of July to -76 basis points by the end of August. Notably, one year prior, the difference between the 2-year and 10-year Treasury yields stood at -30 basis points. Furthermore, the inversion between the 3-month and 10-year Treasuries also contracted, decreasing to -134 basis points from July to August. The current inversion of the yield curve has been persistent since July 1, 2022, indicating ongoing economic uncertainties.
Market Data
World Stock Market Indices
data as of 08/31/2023
Change
(07/31/2023) %CHG
S&P 500
4,507.66 (81.30) (1.77%)
NASDAQ
14,034.97 (311.05) (2.17%)
DOW JONES
34,721.91 (837.62) (2.36%)
FTSE (UK)
7,439.13 (260.28) (3.38%)
DAX (Germany)
15,947.08 (499.75) (3.04%)
Hang Seng (Hong Kong)
18,382.06 (1,696.88) (8.45%)
Nikkei (Japan)
32,619.34 (552.88) (1.67%)
Source: Bloomberg. Please see
descriptions of indices on Page 2.
Toll Free: 800.317.4747
[email protected]
chandlerasset.com
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
AUGUST 2022 JULY 2023 AUGUST 2023
Source: Bloomberg
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER ENDED SEPTEMBER 30,2023) Economic Roundup
Consumer Prices
Inflation data continues to provide encouraging indications of moderating inflation trends. The Consumer Price Index (CPI) witnessed a monthly increase of 0.6% in August, while the annual rate of the CPI rose to 3.7% due to an unfavorable year-over-year comparison. The core Consumer Price Index, excluding volatile food and energy costs, showed a modest 0.3% rise, reaching a year-over-year rate of 4.3%, down from 4.7% in July. The Personal Consumption Expenditures (PCE) index rose as expected by 3.3% year-over-year in July, up from a
3.0% year-over-year gain in June. Core PCE, the Federal Reserve’s preferred inflation gauge, increased by 4.2% year-over-year in July, up from a 4.1% increase in June. Personal spending remained robust, but the personal savings rate decreased to 3.5% from 4.3% in July. Inflation remains above the Fed's 2% target.
Retail Sales
Advance Retail Sales beat expectations and rose 0.7% in July after upward revisions to the prior two months. Increases were broad-based across categories. Nonstore retail sales were particularly notable with a 1.9% increase, which reflects a robust performance of Amazon's Prime Day sales event. On a year-over-year basis, retail sales growth accelerated to a 3.2% gain in July versus an upwardly revised 1.6% increase in June. The Conference Board’s Consumer Confidence Index dropped more than expected to 106.1 in August from a downwardly revised 114.0 in July. Both current conditions and future expectations weakened as respondents expressed negative views on the labor market and concerns regarding inflation expectations.
Labor Market
The U.S. economy added 187,000 jobs in August, exceeding consensus expectations, and the last two months were revised downward by 110,000 jobs. The pace of job growth is softening with the three-month moving average payrolls at 150,000 and the six-month moving average at 194,000. The unemployment rate rose to 3.8% in August from 3.5% in July, and the labor force participation rate increased to
62.8%, the highest level since February of 2020. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons, increased to 7.1% from the prior month at 6.7%. Average hourly earnings declined to 4.3% year-over-year in August from 4.4% in July. While the U.S. labor market is moderating, employment remains strong by historical standards.
Housing Starts
Starts of new homes increased 3.9% to 1.452 million units at a seasonally adjusted annual rate in July after a downward revision to 1.398 million units in June. The gain was entirely attributable to a rise of 6.7% in single-family home starts. Starts of multi-unit homes had been the main driver of homebuilding in the second half of 2022 and early 2023 but have begun to wane. Total starts of new homes are up 5.9% year-over-year. Homebuilders continue to see demand while the supply of existing homes for sale remains limited. According to Freddie Mac, a 30-year fixed rate mortgage averaged 7.18% as of August 31st. According to the Case-Shiller 20-City Home Price Index, housing prices dropped 1.2% year-over-year in June, improving from a 1.7% decline in May. Tight inventories and higher mortgage rates continue to impact affordability.
Chandler Asset Management | Page 2
BOND MARKET REVIEW
©2023 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Data source: Bloomberg and the U.S. Department of Labor. This report is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as an indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment. Fixed income investments are subject to interest, credit, and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.
General Inflationary Trends Remain Constructive
ECONOMIC INDICATOR Current Release Prior Release One Year Ago Trade Balance (65.02) $Bln JUL 23 (63.72) $Bln JUN 23 (71.67) $Bln JUL 22 Gross Domestic Product 2.10% JUN 23 2.00% MAR 23 (0.60%) JUN 22 Unemployment Rate 3.80% AUG 23 3.50% JUL 23 3.70% AUG 22 Prime Rate 8.50% AUG 23 8.50% JUL 23 5.50% AUG 22
Refinitiv/CoreCommodity CRB Index 281.91 AUG 23 282.18 JUL 23 290.41 AUG 22 Oil (West Texas Int.) $83.63 AUG 23 $81.80 JUL 23 $89.55 AUG 22 Consumer Price Index (y/o/y) 3.70% AUG 23 3.20% JUL 23 8.30% AUG 22 Producer Price Index (y/o/y) (2.20%) AUG 23 (1.00%) JUL 23 12.80% AUG 22 Euro/Dollar 1.08 AUG 23 1.10 JUL 23 1.01 AUG 22
Source: Bloomberg
Credit Spreads were Little Changed in August
CREDIT SPREADS Spread to Treasuries (%) One Month Ago (%) Change 3-month top rated commercial paper 0.05 0.08 (0.03)
2-year A corporate note 0.41 0.28 0.13
5-year A corporate note 0.72 0.65 0.07
5-year Agency note 0.09 0.09 (0.00)
Source: Bloomberg Data as of 08/31/2023
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World Stock Market Index Descriptions
S&P 500– The S&P 500 is a market value-weighted index of 500 large-capitalization stocks. The 500 companies included in the index capture approximately 80% of available US market capitalization. NASDAQ–The NASDAQ Composite Index is the market capitalization-weighted index of over 3.300 common stocks listed on the NASDAQ stock exchange. Dow Jones–The Dow Jones Industrial Average is an index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange and the NASDAQ. The Financial Times Stock Exchange Group (FTSE)– The FTSE is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization. DAX–The Deutscher Aktienindex (DAX) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Hang Seng–The Hang Seng Index is a freefloat-adjusted market-capitalization- weighted stock market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of overall market performance in Hong Kong. Nikkei–Japan's Nikkei 225 Stock Average is a price-weighted index composed of Japan's top 225 blue-chip companies traded on the Tokyo Stock Exchange.
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Attachment: 09 - Investment Report (6448 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER ENDED SEPTEMBER 30,2023)
Report to City Council
ID#6441 Page 1
TO: Mayor and City Council
FROM: Jeremy Bubnick, Parks & Community Services Director
AGENDA DATE: November 21, 2023
TITLE: ADOPTION OF RESOLUTION APPROVING THE ANNUAL
ADJUSTMENT TO THE CITY USER FEE SCHEDULE –
PARKS & COMMUNITY SERVICES FEES FOR 2024
RECOMMENDED ACTION
Recommendation: That the City Council:
1. Adopt Resolution 2023 -XX approving a CPI adjustment to the Parks and Community Services User Fees.
SUMMARY
This report recommends adoption of Resolution 202 3-XX approving a 4.9% CPI increase to the existing Parks and Community Services Department’s user fees to take effect January 1, 2024.
Historically, Parks & Community Services Department fees have been adjusted annually based on the Consumer Price Index (CPI) for the Riverside -San Bernardino- Ontario Metropolitan Area for the period of September – September, as published by the U.S. Department of Labor Statistics in October. The CPI adjustment for this period is 4.9%.
The Parks, Community Services and Trails Committee reviewed the proposed user fee schedule on November 2, 2023 and took action to recommend the proposed fee changes to City Council.
The Parks and Community Services Subcommittee also reviewed the proposed Parks and Community Services user fee changes on November 7, 2023 and is recommending approval to the City Council.
DISCUSSION
The City of Moreno Valley is allowed to recover costs for certain services provided at A.10
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the request of the public. Based on California statutes, cities are able to recover up to the full cost of services which are provided based on voluntary requests from the public.
The statutes require that any revenues collected related to the provision of these services can only be used to offset costs resulting from the performance of the requested services or activities. These fees may not exceed the estimated reasonable cost of providing that service.
The Parks and Community Services Fees include fees related to programs (sports, contract classes and seniors), park reservations (athletic fields), and facility room rentals (Conference and Recreation Center, Senior Community Center and other community centers) managed by the Parks and Community Services Department.
In keeping with best practices, fees will be adjusted annually to reflect the impact of inflation.
ALTERNATIVES
1. Adopt the proposed resolution adjusting Parks and Community Services Fees.
Staff recommends this alternative since this establishes a fee schedule that can meet the expected needs of the community by offering park programs, activities and facility rentals.
2. Do not adopt the proposed resolution and provide staff with additional direction.
Staff does not recommend this alternative since this will result in a fee structure that is not sufficient to offer the needed programs, activities, and facility rentals to the community.
FISCAL IMPACT
The fiscal impact of the adoption of these user fees will be dependent on the demand for these services from the community.
NOTIFICATION
Agenda Publication
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval
Patty Yhuit Jeremy Bubnick
PCS Admin & Financial Svs. Division Manager Parks and Community Services Director
CITY COUNCIL GOALS
Revenue Diversification and Preservation. Develop a variety of City revenue sources and policies to create a stable revenue base and fiscal policies to support essential City services, regardless of economic climate.
CITY COUNCIL STRATEGIC PRIORITIES
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1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
Objective 5.5: Promote a healthy community and lifestyle.
Objective 6.2: Improve health, wellness and fitness for Moreno Valley youth through recreation and sports programs.
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. Resolution 2023-_PCS User Fee Schedule for 2024
2. Exhibit A-PCS Fee Schedule 2024_
APPROVALS
Budget Officer Approval ✓ Approved . 11/12/23 7:22 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 11/13/23 9:02 AM A.10
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1 Resolution No. 2023-__
Date Adopted: November 21, 2023
RESOLUTION NO. 2023-__
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MORENO VALLEY, CALIFORNIA, ESTABLISHING USER
FEES FOR THE PARKS AND COMMUNITY SERVICES
DEPARTMENT FOR CALENDAR YEAR 2024 AND
REPEALING PRIOR RESOLUTIONS THAT MAY
CONFLICT WITH APPROVING THE 2024 FEE SCHEDULE
WHEREAS, the City Council of the City of Moreno Valley, California, has in the past approved and adopted fee schedules for various services provided by the City for the benefit of a limited number of persons; and
WHEREAS, some portion of the cost of rendering such services sho uld be borne by the beneficiaries of such services; and
WHEREAS, data support ing the estimated cost of providing said services has been made available to the City Council and to the public, an d the sourc e of revenues required to defray such costs; and
WHEREAS, the fees set for th in the proposed fee schedule do not exceed the actual or estimated costs to the City of providing the services to which the fees relate; and
WHEREAS, the City Counci l has duly considered a t a duly notic ed regularly scheduled meeting, the question of whether or not to modify existing fees and establish new fees for such services; and
WHEREAS, at said meeting, the City Council duly considered all public comments which were made with respect to said question;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
1. The fee schedule attached hereto as Exhibit A, “Parks & Community Services Fee Schedule”, is hereby appr oved, adopted and incorporated herein by this reference, amending the City of Moreno Valley Schedule of City Fees, Charges and Rates for Calendar Year 2024.
2. The approved fees shall be applied to all uses set forth in said schedule.
3. There is a reasonable relationship between the fees to be collected for the provision of various City services, and the City ’s costs in providing those services as identified in the data made available.
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Attachment: Resolution 2023-_PCS User Fee Schedule for 2024 (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF THE CITY USER FEE 2 Resolution No. 2023-__
Date Adopted: November 21, 2023
4. The fees set forth in Exhibit A are necessary to enable the Ci ty to provide the services to which they relate.
5. The approved fee schedule established herein shall become effective January 1, 2024.
6. All prior enactments of the City Council establish ing fees for services and materials are hereby repealed to the e xtent that suc h ena ctments establish fees for services and ma terials which are different than the fees established therefore by this Resolution but shall otherwise remain in full force and effect.
7. If any provision, clause, sentence or paragraph of th is Resolution o r the application thereof to any person or circumstance shall be held invalid, such invalidity shall not affect any other provision or applicati on of the provisions of this Resolution which can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are hereby declared to be severable.
APPROVED AND ADOPTED this 21st day of November 2023.
______________________________
Ulises Cabrera
Mayor
City of Moreno Valley
ATTEST:
____________________________
Jane Halstead, City Clerk
APPROVED AS TO FORM:
____________________________
Steven Quintanilla, City Attorney
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Attachment: Resolution 2023-_PCS User Fee Schedule for 2024 (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF THE CITY USER FEE 3 Resolution No. 2023-__
Date Adopted: November 21, 2023
RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY )
I, Jane Halstead, City Clerk of the City of Moreno Valley, California, do hereby certify that Resolution No. 2023-__ was duly and regular ly adopted by the City Council of the City of Moreno Valley at a regular meeting held on the 21st day of November, 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Council Members, Mayor)
_________________________________
JANE HALSTEAD, CLERK
(SEAL)
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Attachment: Resolution 2023-_PCS User Fee Schedule for 2024 (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF THE CITY USER FEE Revised 10/26/23
PCS FEES
-Effective Date Jan 1, 2024
Exhibit A A.10.b
Packet Pg. 132
Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Fee Description Unit Rate
Recreation Programs
Adult Sports (18+ Years) RESIDENT NON-RESIDENT
Adult Sports League TEAM Per Team $ 380.79-507.98 $ 495.02-660.38 Adult Sports Tournament Per Team $ 234.45-406.23 $ 304.79-528.10 Gymnasium @ CRC Open Per Person $ 4.75 $ 6.25
Protest and Forfeit Fee Per Team $ 31.47 $ 31.47
New Program Per Person Cost Recovery Cost Recovery
Cancellation/Transfer Fee (before start of program) Per Person 20% 20% Adult Activities and Programs RESIDENT NON-RESIDENT
Contract Classes Per Person $ 19.14-380.79 $ 24.91-495.02 Programs Per Person $ 13.11-107.52 $ 17.05-139.78
Cancellation/Transfer Fee (before start of program) Per Person 20% 20% New Contract Classes Per Person Cost Recovery Cost Recovery Parks & Community Services
Non-Resident Fees: Fees for Non-Residents to participate in Recreation Programs and Services will be charged the Resident Fee plus 130%. Where fee ranges are used, actual fees are set based on specific program elements and posted in the Soaring Guide, as determined by Parks & Community Services staff.
Exhibit A
A.10.b
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Parks & Community Services
Youth Sports RESIDENT NON-RESIDENT
Youth Sports # Per Person $ 63.99-132.96 $ 83.19-172.85 Youth Sports Tournaments Per Team $ 190.92-380.79 $ 248.19-495.02 Sports Camps/Clinics # Per Person $ 38.29-140.30 $ 49.78-182.40 Gymnasium @ CRC Open Per Person $ 2.00 $ 2.50
New Youth Sports Programs # Per Person Cost Recovery Cost Recovery Cancellation/Transfer Fee (before start of program) Per Person 20% 20% # Denotes Sibling Discount available. See note below.
Youth Activities and Programs RESIDENT NON-RESIDENT
Contract Class Per Person $ 17.83-385.77 $ 23.18-501.51 Camp: Weekly # Per Person $ 65.04-152.11 $ 84.55-197.74 Time for Tots: Daily Per Person $ 12.33 $ 16.03
T-Shirts Each $ 13.11 $ 13.11
Late Pick-Up Fee Per 15 min $ 5.87 $ 5.87
New Activity/Program # Per Person Cost Recovery Cost Recovery New Contract Class Per Person Cost Recovery Cost Recovery Cancellation/Transfer Fee (before start of program) Per Person 20% 20% # Denotes Sibling Discount available. See note below.
Licensed Child Care: " A Child's Place"
Fees for “A Child’s Place” are established by the California Department of Education Family Fee Schedule, pursuant to the Education Code [EC 8273 and EC 8447(e)]. # -SIBLING DISCOUNT
Applicable when siblings are registered in the same non-contract program. 1st Child = Full rate
2nd Child = 15% discount off full rate
3rd Child + = 10% discount off the 2nd child rate
Exhibit AA.10.b
Packet Pg. 134
Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Parks & Community Services
Senior Programs
RESIDENT NON-RESIDENT
Bingo Per Card $ Free $ Free
Lunch Per Person Free Free
Bunco Per Person $ Free $ Free
Dances Per Person $ 9.50 $ 12.25
Line Dancing Per Person Per Contract Per Contract
Swap Meet TABLE Per Table $ 6.00 $ 7.85
Special Event Meal Per Person $ Cost Recovery $ Cost Recovery Community Events RESIDENT NON-RESIDENT
Entry & Activity Fee Per Person $ 0.00-13.11 $ 0.00-17.05 Parade/Exhibitor Float Per Float $ 38.29-63.99 $ 50.09-83.19 Info Booth (Non-Profit) Per Booth $ 31.21-63.99 $ 40.58-83.19 Info Booth (For-Profit) Per Booth $ 126.93-317.85 $ 165.01-413.20 Food Booth (Non-Profit) Per Booth $ 95.46-222.39 $ 124.10-289.10 Food Booth (For-Profit) Per Booth $ 95.46-380.79 $ 124.10-495.02 Vendor: Arts & Craft Per Booth $ 31.21-126.93 $ 40.58-165.01 Vendor Booth Deposit Per Booth $ 28.85-120.90 $ 37.50-157.17 Exhibit A
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Parks & Community Services
Cottonwood Golf Course
RESIDENT NON-RESIDENT
Adult 9 Holes Weekday $ 10.75 $ 13.98
Weekend $ 13.11 $ 17.05
Senior (55+) 9 Holes Weekday $ 7.13 $ 9.27
Weekend $ 10.80 $ 14.05
Youth* (17 & under) 9 Holes Weekday $ 5.87 $ 7.64
Weekend $ 8.39 $ 10.91
Twilight Fees (1 hour prior to dusk) Weekday $ 7.13 $ 9.27 Weekend $ 7.13 $ 9.27
Tournament Play Per Person Weekday $ 14.42 $ 18.76
Weekend $ 14.42 $ 18.76
2nd Round (same day purchase) Weekday $ 5.87 $ 7.64
Weekend $ 5.87 $ 7.64
Cart (maximum 18 holes per rental) Weekday $ 3.46 $ 4.50 Weekend $ 5.87 $ 7.64
Club (maximum 18 holes per rental) Weekday $ 3.46 $ 4.50 Weekend $ 5.86 $ 7.64
Punch Card Adult** Valid ONLY Mon.- Fri. 10 Rounds $ 90.48 $ 117.62 Punch Card Senior** Valid ONLY Mon.- Fri. 10 Rounds $ 60.32 $ 78.41 Punch Card Youth** Valid ONLY Mon.- Fri. 10 Rounds $ 47.99 $ 62.39 *All Youth must be accompanied by a paying adult.
** All Punch cards only valid for 10 hole rounds on Monday through Friday.
Miscellaneous Fees
Coffee (Senior Center) Per Cup $ FREE
Coffee (Golf Course) Per Cup $ 0.84
Copy Page (Black & White; single sided) (Senior Center & CRC) Per Page $ 0.18 Copy Page (Color/single sided) Per Page $ 0.26
Fax Page single sided (Senior Center & CRC) Per Page $ 11.64 Exhibit A
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Conference and Recreation Center Hourly Rental Rates
Group I City of Moreno Valley
Group II Resident, resident nonprofit organization, government agency, educational institution Group II Long Term user: 6+ months @ 4 hour minimum each rental Group III Nonresident, nonresident nonprofit, forprofit All Groups
All Groups
All Groups
All Groups
All Groups
All Groups
DAYS
4 HOUR MINIMUM
Group I Group II
Group II
Long Term Group III
Group II & III
security deposit
(gov't agency
waived)
Setup/Cleanup
hourly (max 4
hrs) All Groups
MON - THU
& FRI (DAY) $63.99 $202.98 N/A $253.86 $241.79-
$907.12 $52.45
FRI (PM) & SAT $380.79 $380.79 N/A $444.78 $241.79-
$907.12 $52.45
SUN $317.85 $317.85 $222.49 $380.79 $241.79-
$907.12 $52.45
*Use of Large Patio is $59.27/hour for Groups 2 & 3 (no cost to Group 1) Rate
AV Projector Audio/Visual Tech
Microphone Staff Time/Overtime
Deluxe Sound System
Dance Floor (500-1000 sq ft) Cost Recovery
Tablecloths each
False Alarms (Police/Fire)
DAYS
2 HOUR MINIMUM Group I Group II Group III Group I Group II Group II Group III M - SUN $19.14 $36.19 $54.02 $19.14 $36.19 $36.19 $54.02 LONG TERM N/A $32.57 N/A N/A $32.57 $32.57 N/A
Security Deposit $120.90 $120.90 $120.90 $120.90 $120.90 $120.90 $120.90 DAYS
2 HOUR MINIMUM Group I Group II Group III
Scoreboard
(All Groups)
Floor Coverings
(All Groups) Group I Group II Group III
M - SUN $31.21 $63.99 $126.93 $29.90 $1,650.86 $19.14 $38.29 $95.46 All groups: minimal rental is two hours
All Groups: Half Gym rental at 50% rate
All Groups: Security Deposit: $604.75
Grand Valley Ballroom* (includes small patio)
Frank E. Brown Room
All groups: security deposit $302.11-604.75
All Groups: Minimum rental time is four hours
Group II & III Sat. & Sun. rentals 7th + hour @ 40% discount Gymnasium
All Groups: Scoreboard $29.90
Security
Rate
$253.86
Fee (All Groups)
Alessandro Room A OR Room B each
$9.44 Linens
All Groups: Floor covering $1,650.86
Aerobics Studio
Personal/Security/ Linens/Insurance/False Alarm are at Cost Recovery Fee (All Groups)
Insurance
$95.46
$31.47
$126.93 Cleaning
Parks & Community Services
Facility Rental
Cancellations 5-31 days prior to event loss of 100% of deposit & 50% of total rental fees Cancellations 0-4 days prior to event loss of 100% of deposit & 100% of total rental fees Friday (Day): before 3:00pm; Friday (PM): after 3:00pm
Monday - Thursday minimum rental time is two hours; Friday - Sunday minimum rental time is four hours All Cancellations loss of 100% of deposit
Exhibit A
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Parks & Community Services
** Security Deposit waived for government agencies
Community Center Hourly Rates: Cottonwood, Senior Community, March Field, TownGate Group I
Group II
Group II
Group III
All Groups
All Groups
All Groups
All Groups
All Groups
All Groups
All Groups
AV Projector $63.99
Group II
Group II
Group I Group II
Group II
Long term Group III Group I Group II
Group II
Long term Group III
M - TH
2 HOUR MIN. $47.99 $126.93 $120.58 $150.79 $31.21 $36.19 $34.39 $60.32
FRI - SUN
4 HOUR MIN. $150.79 $150.79 $120.64 $175.18 $47.99 $47.99 $38.39 $72.38 All Groups: Security Deposit $356.66
DAYS
MIN. HRS
Meeting Rooms
Senior Community Center
All Cancellations loss of 100% of deposit
Cancellations 5-31 days prior to event loss of 100% of deposit & 50% of total rental fees Cancellations 0-4 days prior to event loss of 100% of deposit & 100% of total rental fees City sponsored & government agencies with reciprocal agreement Resident, resident nonprofit organization, government agency, educational institution Long Term
Nonresident, nonresident nonprofit, forprofit/commercial Long Term user (6+ month) Sunday rental (4 hour minimum) 20% discount Banquet Room
(w/North Patio/Kitchenette)
Monday - Thursday minimum rental time is two hours
Friday - Sunday minimum rental time is four hours
Personal/Security/ Linens/Insurance/False Alarm at cost recovery Long Term user (6+ month) Monday - Thursday rental (4 hour minimum) 5% discount Exhibit AA.10.b
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Parks & Community Services
Group I Group II
Group II
Long term Group III Group I Group II
Group II
Long term Group III
M - TH
2 HOUR MIN. $47.99 $102.54 $97.41 $126.93 $38.29 $47.99 $45.59 $72.38
FRI - SUN
4 HOUR MIN. $126.93 $126.93 $101.54 $150.79 $60.32 $60.32 $48.25 $84.44 All Groups: Security Deposit $241.79
Group I Group II
Group II
Long term Group III Group I Group II
Group II
Long term Group III
M - TH
2 HOUR MIN. $47.99 $90.45 $85.96 $114.60 $38.29 $90.45 $85.96 $114.60
FRI - SUN
4 HOUR MIN. $114.60 $114.60 $91.65 $138.73 $114.60 $114.60 $91.68 $138.73 All Groups: Security Deposit $241.79 All Groups: Security Deposit $241.79 Amphitheater @ Community Resource Center Hourly Rates
Group I
Group II
Group III
Amphitheater
Group I Group II Group III
M - TH $211.37 $380.79 $445.04
2 HOUR MINIMUM
FRI - SUN $211.37 $380.79 $445.04
4 HOUR MINIMUM
$346.17
Fee
Audio Visual Technician/Sound system/theater lights
Staff Time / Overtime
Cleaning
Security
Linens
Insurance
False Alarms (Police/Fire)
Security Deposit $1,211.60
All Cancellations loss of 100% of deposit
Cancellations 5-31 days prior to event loss of 100% of deposit & 50% of total rental fees Cancellations 0-4 days prior to event loss of 100% of deposit & 100% of total rental fees All Groups: Parking Lot Event (not vehicles); half lot @ 50% March Field Park Community Center
Cottonwood Golf Center
Banquet Room (w/Kitchen) Meeting Room
TownGate Community Center
City sponsored; Govt. agency with reciprocal agreement
Resident, resident nonprofit organization, government agency, educational institution Nonresident, nonresident nonprofit, forprofit/commercial Banquet Room
Cost Recovery
DAYS
MIN. HRS
DAYS
MIN. HRS
Rate
Banquet Room
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Parks & Community Services
Mobile Stage Daily Rental Rates*
Group I
Group II
Group I Group II
$171.51 $710.96
$730.37 $761.84
*All rentals require mandatory staff fees
Mobile Stage Service/Facility Fees
Fee Rate
Refundable Security Deposit - Stage Unit-All Groups $120.90 Refundable Security Deposit - Sound System-All Groups $120.90 Generator-All Groups $41.96
Sound System $63.99
Personnel Fee (mandatory 3 hours) Cost recovery
All Cancellations loss of 100% of deposit
Cancellations 5-31 days prior to event loss of 100% of deposit & 50% of total rental fees Cancellations 0-4 days prior to event loss of 100% of deposit & 100% of total rental fees City sponsored, resident, resident nonprofit, organization, educational institution Nonresident, nonresident nonprofit, forprofit
RENTAL LOCATION
Within Moreno Valley
City Boundaries
Outside Moreno Valley
City Boundaries
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Parks & Community Services
Equestrian Center Daily Rental Rates
Group I
Group II
Equestrian Center Service/Facility Fees
Rate Fee
Security Deposit: All Groups $362.69
Water Key Deposit (Refundable)- All Groups $29.90
Tractoring hourly Fee (All Groups) $126.93
Standby Tractoring Fee (All Groups) $63.99 Cancellation Fees Loss of Deposit, plus:
Lighting Group I $21.50 5-31 days prior to event 50% of Rental Fees Group II $27.54 0-4 days prior to event 100% of Rental Fees Special Events
Rate
Open Space Area Group I $63.99
Group II $83.13
Permit Group I $262.25
Group II $340.93
Security Deposit All Groups $90.45-604.75
City sponsored, resident, resident nonprofit
Cost RecoveryStaff Time/Overtime
Security
Nonresident, nonresident nonprofit, for profit
Group I
$126.93
Group II
$158.14
Rate
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Sports
Athletic Fields
All Fields Hourly (maximum 4 hours) 4<hrs >4hrs
Group I 3.46$ $ 5.19
Group II 8.92$ $ 13.37
Group III 17.83$ 26.75$
Group IV 90.48$ 135.72$
All Groups over 4 hours usage: 150% of hourly rate
< 4 hours >4 hours < 4 hours >4 hours
Group I $ 5.87 $ 8.81 $ 5.87 $ 8.81 Group II $ 5.87 $ 8.81 $ 8.08 $ 12.12 Group III $ 7.61 $ 11.41 $ 63.99 $ 95.95 Group IV $ 7.61 $ 11.41 $ 83.13 $ 124.71 Athletic Field Service Fees
Athletic Fields
274.84
Athletic Field Snack Bar Hourly (Group I Only) 4<hrs. >4hrs Night Use (up to 4 hours) $17.83 $72.38
Day Use (up to 4 hours) $29.90 $72.38
Over 4 hours of use (day or night use) $72.38 N/A
Athletic Field Storage Units Monthly (Group I Only) Monthly Rate Small $44.58
Large $89.43
Parks & Community Services
Hourly Rate
Refundable Security Deposit
Snack Bar
Soccer Arena Hourly
Recognized Youth Nonprofit, reciprocal agreement
Adult or Youth For-profit/commercial
Adult Nonprofit, non-resident unorganized play
Youth Nonprofit, resident unorganized play
Basketball/Tennis/Pickleball court - per hour
Key (Snack Bar)
$30.00$219.87
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Parks & Community Services
Field Preparation
Cleaning & damage fee
Field Lighting - youth resident per hour
Field Lighting - youth non-resident per hour
Field Lighting - adult residentper hour
Field Lighting - adult non-resident per hour
Cancellation/Non-field Use (per hr., per field)
Mound and drop removal
Cancellation/Non-field Use (per hr., per field)
Gate Admission and Camp/Clinic fees must be PRE-APPROVED by Director per event.
Park Area Rental Fees
Group I
Group II
Group I Group II
Small $50.61 $65.82
Medium $101.49 $131.91
Large $202.98 $264.09
Electricity All size shelters $44.58 $57.96
Park Area Service Fees
Refundable Security Deposit
Cancellation / Transfer Fee (All Rentals) 20%
Group I Group II
Park Area $31.21 $40.65
Group 3 Group2 Group1
Permit $310.08 $238.54 $238.54
Nonresident, nonresident nonprofit, for profit
$202.25-346.38
City sponsored, resident, resident nonprofit organization, educational institution Cost Recovery
Current Fee
$20.50
Athletic Field Services, miscellaneous, and lighting
Special Event Permit
$26.75
$31.00
50%
Cost Recovery
Over 4 Hour Play Service fees
50%
$82.45 - $550.00
$24.00
Picnic Shelters - per day
Open Space Park Area
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF
MISC FEES
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Unit Current Fee
Military Appreciation Program
Millitary Banner per Banner 200.00$
Veterans Memorial Pavers per Paver 200.00$
Parks & Community Services
Misc Fees-PCS
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF Library
Unit Current Fee
Replacement Library Card Each 2.00$
Out of State Resident Card Each 10.00$
Replacement Bar Code Each 1.00$
Print/Copy - Black & White-Single sided page per Page 0.20$ Print - Color-Single sided page per Page 0.75$
Faxes
Send/Receive Public Faxes - Local single sided per Page 1.00$ Fax Long Distance single sided page per Page 2.00$
Lost Materials per Item Cost Recovery
* Except for uncataloged paperbacks, no processing fee
Fines
Overdue Books
Adult per Item per Day $0.50; max $10.00/item
Children per Item per Day $0.25; max $10.00/item
Overdue Hot spots/kits/book club bags daily/itemper Item per Day 1.00$ Overdue Audiobooks & Videos daily/item per Item per Day 0.50$ Parks & Community Services
Misc Fees-PCS-Library
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Attachment: Exhibit A-PCS Fee Schedule 2024_ (6441 : ADOPTION OF RESOLUTION FOR UPDATE OF
Report to City Council
ID#6440 Page 1
TO: Mayor and City Council
Mayor and City Council Acting in its Capacity as
President and Members of the Board of Directors of the
Moreno Valley Community Services District (CSD)
FROM: Jeremy Bubnick, Parks & Community Services Director
AGENDA DATE: November 21, 2023
TITLE: AUTHORIZE SUBMISSION OF GRANT APPLICATION TO
CA STATE PARKS OUTDOOR EQUITY GRANTS
PROGRAM
RECOMMENDED ACTION
Recommendations: That the City Council and CSD:
1. Authorize the Executive Director or its Authorized Representative, Parks & Community Services Director, to submit a grant application to California Department of Parks and Recreation (DPR) Office of Grants and Local Services (OGALS) for the Outdoor Equity Grants Program (OEP); and
2. Adopt Resolution No. CSD 2023 -xx. A resolution of the Moreno Valley Community Services District of the City of Moreno Valley, California, approving submission of an application for the Outdoor Equity Grants Program Grant Funds and authorizing the Parks and Community Services Director to conduct all negotiations, sign and submit all documents, including, but not limited to applications, agreements, amendments, and payment requests, which may be necessary for the completion of the Grant Scope; and
3. If awarded, accept, and receive grant award funds from California Department of Parks and Recreation Outdoor Equity Grants Program; and
4. Authorize the Executive Director or designee to process necessary agreements, budget adjustments and appropriations based on actual grant award funds received.
SUMMARY
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This report recommends authorization to submit a grant application to California Department of Parks and Recreation (DPR) for the Outdoor Equity Grants Program (OEP) for the MoVal Adventurers Program.
Grant funding will be utilized for the MoVal Adventurers program, which will provide access to outdoor programming for youth in our community. The program will offer activities such as preparing for natural area destinations, learning about the community’s environment to strengthen ties between the community and natural world.
In addition, participants will have the opportunity to travel to natural area destinations, parks, and public lands.
If awarded, the City will enter into an agreement with the State of California to administer the grant funds and will provide the required resolution, documentation and reporting as stipulated by the grant application.
DISCUSSION
In 2019, the Outdoor Equity Grants Program (OEP) was enacted when Governor Gavin Newsom signed Assembly Bill 209 (AB 209) – Chapter 675, located in Public Resources Code §5090.75(c)(1.26).
The concept for OEP began with findings in the 2015 Parks Forward Commission Report stating that DPR must expand access to parks for underserved communities and urban populations. The 2015 Parks Forward discussions became a catalyst for AB 209.
Californians shared a similar vision in 2017 during thirty focus groups with over 500 participants for the Statewide Comprehensive Outdoor Recreation Plan (SCORP).
Throughout the state, from heavily urbanized to rural areas, Californians emphasized a desire for multi -generational programs that “bring families together;” that activate local parks and that take residents with transportation challenges to natural areas outside their communities.
OEP will increase the ability of residents in underserved communities, with an emphasis on students eligible for free or reduced-price meals, foster youth, and students of limited English proficiency, to participate in outdoor experiences at state parks and other public lands. OEP’s focus is on providing funding for transportation, logistics, program operations, and capacity costs associated with reaching historically underserved urban and rural communities throughout California.
OEP grants will improve the health and wellness of Californians through new educational and recreational activities, service learning, career pathways, and leadership opportunities that strengthen a connection to the natural world.
In line with the OEP priorities, the City will be submitting an application for grant funding for the MoVal Adventurers Program which will provide educational sessions for youth , local and overnight Natural Area Trips. The goal of the program will be to provide access to outdoor programming and activities for participants who may not have access A.11
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or who lack resources to engage and participate in these types of activities.
ALTERNATIVES
1. Approve the recommended actions as presented in this staff report. Staff recommends this alternative as it will have a positive impact on the community by providing funding for the MoVal Adventurers Program.
2. Do not approve the recommended actions as presented in this staff report.
Staff does not recommend this alternative as it will not provide the opportunity to fund the MoVal Adventurers Program.
FISCAL IMPACT
Staff is recommending an application for OEP grant funding. There will be no matching funds. Upon award, funding will be budgeted in Fund 2300 and ratified on the following quarterly budget report.
NOTIFICATION
Posting of agenda.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Patty Yhuit Jeremy Bubnick
PCS Admin & Fin Services Division Manager Parks & Community Services Director
CITY COUNCIL GOALS
Revenue Diversification and Preservation. Develop a variety of City revenue sources and policies to create a stable revenue base and fiscal policies to support essential City services, regardless of economic climate.
Community Image, Neighborhood Pride and Cleanliness . Promote a sense of community pride and foster an excellent image about our City by developing and executing programs which will result in quality development, enhanced neighborhood preservation efforts, including home rehabilitation and neighborhood restoration.
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
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ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. Reso CSD 2023_OEGP-REV
APPROVALS
Budget Officer Approval ✓ Approved . 11/12/23 7:28 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 11/13/23 9:02 AM A.11
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Resolution No. CSD 2023-
Date Adopted: November 21, 2023
1 RESOLUTION NO. CSD 2023-
A RESOLUTION OF THE MORENO VALLEY COMMUNITY
SERVICES DISTRICT OF THE CITY OF MORENO VALLEY,
CALIFORNIA, APPROVING THE APPLICATION FOR
OUTDOOR EQUITY GRANTS PROGRAM GRANT FUNDS
AND TO AUTHORIZE DESIGNATED PERSONNEL TO
SIGN GRANT DOCUMENTS
WHEREAS, the State Department of Parks and Recreation has been delegated the responsibility by the Legislature of the State of California for the administration of the Outdoor Equity Grants Program, setting up necessary procedures governing the application; and
WHEREAS, said procedures established by the State Department of Parks and Recreation require the Applicant to certify by resolution the approval of the application before submission of said application to the State; and
WHEREAS, successful Applicants will enter into a contract with the State of California to complete the Grant Scope program;
NOW, THEREFORE, BE IT RESOLVED THAT THE MORENO VALLEY
COMMUNITY SERVICES DISTRICT OF THE CITY OF MORENO VALLEY, DOES HEREBY:
APPROVES THE FILING OF AN APPLICATION FOR THE CITY OF MORENO VALLEY MOVAL ADVENTURERS PROGRAM; AND
1. Certifies that said Applicant has or will have available, prior to commencement of any work on the program(s) included in this application, the sufficient funds to complete the program(s); and
2. Certifies that if the grant is awarded, the Applicant has or will have sufficient funds to operate the program(s) as described in the Grant Selection Criteria response, and
3. Certifies that the Applicant has reviewed, understands, and agrees to the General Provisions contained in the contract shown in the Grant Administration Guide; and
4. Delegates the authority to the Parks and Community Services Director to conduct all negotiations, sign and submit all documents, including, but not limited to applications, agreements, amendments, and payment requests, which may be necessary for the completion of the Grant Scope; and
5. Agrees to comply with all applicable federal, state and local laws, ordinances, rules, regulations and guidelines.
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Attachment: Reso CSD 2023_OEGP-REV [Revision 1] (6440 : AUTHORIZE SUBMISSION OF GRANT APPLICATION TO CA STATE PARKS
Resolution No. CSD 2023-
Date Adopted: November 21, 2023
2 APPROVED AND ADOPTED this 21st day of November 2023.
Mayor of the City of Moreno Valley,
acting in the capacity of President of the Board
of Directors of the Moreno Valley Community
Services District
ATTEST:
City Clerk, acting in the capacity of
Secretary of the Moreno Valley
Community Services District
APPROVED AS TO FORM:
City Attorney, acting in the capacity
of General Legal Counsel of the Moreno
Valley Community Services District
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Attachment: Reso CSD 2023_OEGP-REV [Revision 1] (6440 : AUTHORIZE SUBMISSION OF GRANT APPLICATION TO CA STATE PARKS
Resolution No. CSD 2023-
Date Adopted: November 21, 2023
3 RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY)
I, Jane Halstead, City Clerk of the Moreno Valley Community Services District, Moreno Valley, California, do hereby certify that the foregoing Resolution No. CSD 2023- __ was duly and regularly adopted by the Board of Directors of the Moreno Valley Community Services District of the City of Moreno Valley at a regular meeting held on the 21st day of November 2023, motion by [NAME] and seconded by [NAME], motion passed by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
JANE HALSTEAD, SECRETARY
(SEAL)
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Attachment: Reso CSD 2023_OEGP-REV [Revision 1] (6440 : AUTHORIZE SUBMISSION OF GRANT APPLICATION TO CA STATE PARKS
Report to City Council
ID#6442 Page 1
TO: Mayor and City Council
FROM: Jeremy Bubnick, Parks & Community Services Director
AGENDA DATE: November 21, 2023
TITLE: ADOPT A RESOLUTION OF THE CITY OF MORENO
VALLEY APPROVING THE ANNUAL ADJUSTMENT TO
QUIMBY IN -LIEU FEES PURSUANT TO CHAPTER
3.40.110 OF THE MORENO VALLEY MUNICIPAL CODE
RECOMMENDED ACTION
Recommendation:
1. Adopt Resolution No. 2023 -____, authorizing an adjustment to Quimby In -Lieu fees.
SUMMARY
This report recommends updating Quimby In -Lieu fees based on the Consumer Price Index (CPI) of 4.9% for the Riverside -San Bernardino -Ontario Metropolitan Area for the period of September 2022 – September 2023, as published by the U.S.
Department of Labor Statistics in October 2023.
DISCUSSION
In 1975, the State of California passed the Quimby Act, allowing cities and counties to adopt local ordinances requiring developers to set aside land, donate conservation easements, or pay fees for park improvements. In-Lieu fees are required for residential developments of 50 or fewer lots or parcels. Dedication of parkland is required for residential developments of 51 or more lots or parcels. The City may elect to condition Quimby In-Lieu fees for residential developments of 51 or more lots or parcels if the location is not conducive to development of parks and recreation facilities. Quimby In - Lieu fees are not conditioned for non-residential land uses.
As established in the Quimby Act, for residential subdivisions the Moreno Valley A.12
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