Murrieta City Council
September 17, 2024

The City of Murrieta intends to comply with the Americans with Disabilities Act (ADA). Persons with special needs should call the City Clerk Department at (951) 461-6031 or email at [email protected] at least 72 hours in advance. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk ’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Lori Stone
Mayor
Cindy Warren Lisa DeForest Mayor Pro Tem Council Member Jon Levell Ron Holliday Council Member Council Member Kim Summers, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)
YOU MAY VIEW THE MEETING LIVESTREAMED VIA THE CITY’S WEBSITE AT https://murrieta.legistar.com/Calendar.aspx

CITY OF MURRIETA
Council Chambers
1 Town Square
Murrieta 92562
Tuesday, September 17, 2024
3:45 PM CLOSED SESSION
6:00 PM REGULAR MEETING
1 City Council Meeting Agenda September 17, 2024
3:45 PM CLOSED SESSION

CALL TO ORDER

ROLL CALL

PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY

ANNOUNCEMENT OF CLOSED SESSION ITEMS

CLOSED SESSION
CS1. Conference with Legal Counsel Anticipated Litigation The City Council will conduct a closed session, pursuant to paragraph ( 2) or ( 3) of subdivision (d) of Section 54956.9, because there is a significant exposure to litigation in 1 case.

CS2. Conference with Legal Counsel Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(4), because the City is considering whether to initiate litigation in 1 case.

CS3. Conference with Real Property Negotiators
The City Council will conduct a closed session, pursuant to Government Code section 54956.8, to enable the City Council to consider negotiations and to give direction to its negotiators regarding that certain real property, at 42670 Juniper Street, APNs 906-250-018; 906-250-019; and 906-670-004. The City ’s real property negotiators, the City Manager, Assistant City Manager, and City Attorney, will seek direction from the City Council regarding the price and terms for this property.

CS4. Conference with Legal Counsel Anticipated Litigation The City Council will conduct a closed session pursuant to paragraph ( 2) or ( 3) of subdivision (d) of Section 54956.9, because there is a significant exposure to litigation in 1 case.

CS5. Public Employee Appointment
The City Council will conduct a closed session, pursuant to Government Code section 54957(b), to continue the process for the future appointment of an employee to the position of City Manager.

RECESS TO CLOSED SESSION
6:00 PM REGULAR MEETING

CALL TO ORDER

ANNOUNCEMENT OF CLOSED SESSION ACTION

2 City Council Meeting Agenda September 17, 2024

ROLL CALL

PLEDGE OF ALLEGIANCE

INVOCATION

APPROVAL OF AGENDA

CITY MANAGER - ADMINISTRATIVE UPDATE
City Manager Administrative Updates is the opportunity for the City Manager to provide community updates, as well as Department or Commission announcements on current or upcoming projects.
• Construction Update: Brian Ambrose, Community Services Director • Fire Risk Reduction Community Designation: Bernard Molloy, Fire Department Chief • Community Update: Cristina Davies, Public Information Officer CITY MANAGER - ADMINISTRATIVE UPDATE - Received After Agenda Printed

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB) REPORTS Governing Body CCB Reports is the opportunity for the City Council to provide a brief report on conferences, seminars, and Commission, Committees, and /or Boards meeting attendance.

Reports shall not exceed three minutes. The City Clerk will use the computerized timer.

GOVERNING BODY REPORTS - Received After Agenda Printed

PUBLIC COMMENTS (NON-AGENDA)
At this time any person may address the governing bodies on any subject pertaining to City business, which does not relate to any item listed on the printed agenda. Normally no action may be considered or taken by the governing bodies on any matter not listed on the agenda .

Each speaker will be limited to three minutes.

PUBLIC COMMENTS (NON-AGENDA) - Received After Agenda Printed CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 11
All matters listed on the Consent Calendar are to be considered routine by the governing bodies, and will be enacted by one motion in the form listed. There will be no discussion of these items unless, before the governing body votes on the motion to adopt, specific items are removed from the Consent Calendar for separate motions.

3 City Council Meeting Agenda September 17, 2024

1. Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only Recommended Action:

Waive reading, by title only, of all Ordinances and Resolutions. Said Ordinances and Resolutions which appear on the public agenda shall be determined to have been read by title and further reading waived.

2. Minutes
Recommended Action:

Approve the minutes of the July 31, 2024 Special City Council Workshop, August 20, 2024 Regular City Council meeting, and September 3, 2024 Regular City Council meeting.

3. Monthly Investment Transaction Report for July 2024
Recommended Action:

Receive and file the Monthly Investment Transaction Report for July 2024.

4. Awarding a Contract to Applied Building for Roofing Repair and Restoration at the City of Murrieta City Hall
Recommended Action:

Award a contract to Applied Building for the installation of a Silicone Roofing Application for the City of Murrieta City Hall Roof Repair Project, CIP No. 10027, in the amount of $130,335 plus a fifteen percent (15%) contingency; and
Authorize the City Manager to execute the agreement and other related documents.

5. On-Call Design and Installation Services for Signage Projects Recommended Action:

Approve a five -year agreement with Motivational Systems, Inc. for on -call design and installation services for signage projects throughout the City of Murrieta facilities in an amount not to exceed $50,000; and
Authorize the exemption from bidding requirements.

6. Adoption of an Ordinance Adopting Riverside County Code Chapter 8.36 (Control of Vectors) by Reference
Recommended Action:

Conduct the second reading and adopt Ordinance No. 609 -24 entitled: An Ordinance of the City Council of the City of Murrieta, California, Adopting by Reference Chapter 8.36 (Control of Vectors) of Title 8 (Health and Safety) of the County of Riverside County Code as a New Chapter in the Murrieta Municipal Code.

7. Agreement with Inland Fleet Solutions for As-Needed Fire Fleet Maintenance Services Recommended Action:

Award a three -year agreement contract services agreement to Inland Fleet Solutions, Inc. for as-needed fire fleet maintenance services in the amount not to exceed $250,000 per year; and Authorize the City Manager to execute the agreement.

4 City Council Meeting Agenda September 17, 2024

8. Agreement with South Coast Emergency Vehicles for As-Needed Fire Fleet Maintenance Services
Recommended Action:

Award a contract services agreement to South Coast Emergency Vehicles for as -needed fire fleet maintenance services;
Approve the three-year agreement in the amount of $50,000 per year; and Authorize the City Manager to execute the agreement.

9. Approve an Agreement with G /M Business Interiors, Inc. for the Purchase and Installation of Workstation Furniture Systems for the Murrieta Police Department Detective Bureau
Recommended Action:

Authorize the City Manager to execute an agreement with G/M Business Interiors, Inc. for the purchase and installation of workstation furniture systems; Appropriate an expenditure budget into Fund 411 as defined below; and Authorize the City Manager to approve purchase orders up to an additional 15%, if needed.

10. Approve Agreements with High Density Inc. and Busy Bee Electric for the Murrieta Police Department Locker Room Remodel, CIP No. 21041
Recommended Action:

Approve the agreements with High Density Inc. and Busy Bee Electrical for the remodeling of the locker rooms at the Murrieta Police Department; and Authorize the City Manager to approve purchase orders and all related documents up to an additional 15% contingency above each contract’s not-to-exceed Contract Sum, if needed.

11. On-Call Engineering Plan Check Services
Recommended Action:

Ratify the payment approval to Michael Baker International for on-call plan check services for Fiscal Year 2023/24 in the amount of $58,841.89 from Engineering General Fund account 1106120-60600; and
Authorize the City Manager to execute any required contract amendments or related documents on behalf of the City.

5 City Council Meeting Agenda September 17, 2024

PUBLIC HEARINGS

12. 6th Code Update (MCA- 2023-00003) Revising and Updating the City ’s Development and Municipal Code( s): Introduction of Ordinance No. 610-24 and Adoption of CEQA Exemption
Recommended Action:

Conduct a Public Hearing;
Find that said actions are exempt from the California Environmental Quality Act (CEQA) Chapter 3 of Title 14 of the California Code of Regulations beginning at Section 15000, specifically Section 15061 (b)(3), because the Ordinance is covered by the general rule that CEQA applies only to projects which have the potential for causing a significant effect on the environment;
Conduct the first reading to introduce Ordinance No. 610 -24 entitled:An Ordinance of the City Council of the City of Murrieta, California, Amending Title 16 of the Murrieta Development Code to Revise Chapters 16.18, 16.22, 16.30, 16.34, 16.38, 16.44, 16.46, 16.90, 16.98, and 16.110, and Amending Titles 1, 8, and 10 of the Murrieta Municipal Code to Revise Chapters 1.26,

8.28, and 10.44; and
Direct City staff to prepare, execute, and file with the Riverside County Clerk and the State of California, Office of Planning and Research, a Notice of Exemption within five (5) working days of the adoption of this Ordinance.

DISCUSSION

13. Regional Homeless Action Plan
Recommended Action:

Adopt the Regional Homeless Alliance Assessment Report and Action Plan and the associated findings as prepared by Baker Tilly.

14. Consider Adopting a Resolution Supporting Proposition 36 - The Homelessness, Drug Addiction, and Theft Reduction Act
Recommended Action:

Adopt Resolution No. 24-4786 entitled: A Resolution of the City Council of the City of Murrieta, California, Supporting Proposition 36 - the Homelessness, Drug Addiction, and Theft Reduction Act.

15. Establish a Los Alamos Hills Sports Park Phase 2 Subcommittee Recommended Action:

Establish by minute order a Los Alamos Hills Sports Park Phase 2 Subcommittee with the sunset of the subcommittee upon a final recommendation to the City Council; and Appoint two Council Members to serve on the Los Alamos Hills Sports Park Subcommittee.

6 City Council Meeting Agenda September 17, 2024

GOVERNING BODY ANNOUNCEMENTS
Governing Body Announcements is the opportunity for the City Council to provide miscellaneous reports and announcements. Announcements shall not exceed two minutes .

The City Clerk will use the computerized timer.

GOVERNING BODY ANNOUNCEMENTS - Received After Agenda Printed

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

ADJOURNMENT

7 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. CS1.

Subject:

Conference with Legal Counsel Anticipated Litigation
The City Council will conduct a closed session, pursuant to paragraph (2) or (3) of subdivision (d) of Section 54956.9, because there is a significant exposure to litigation in 1 case.

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8 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. CS2.

Subject:

Conference with Legal Counsel Anticipated Litigation
The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(4), because the City is considering whether to initiate litigation in 1 case.

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9 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. CS3.

Subject:

Conference with Real Property Negotiators
The City Council will conduct a closed session, pursuant to Government Code section 54956.8, to enable the City Council to consider negotiations and to give direction to its negotiators regarding that certain real property, at 42670 Juniper Street, APNs 906-250-018; 906-250 -019; and 906-670-004. The City’s real property negotiators, the City Manager, Assistant City Manager, and City Attorney, will seek direction from the City Council regarding the price and terms for this property.

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10 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. CS4.

Subject:

Conference with Legal Counsel Anticipated Litigation
The City Council will conduct a closed session pursuant to paragraph (2) or (3) of subdivision (d) of Section 54956.9, because there is a significant exposure to litigation in 1 case.

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11 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. CS5.

Subject:

Public Employee Appointment
The City Council will conduct a closed session, pursuant to Government Code section 54957(b), to continue the process for the future appointment of an employee to the position of City Manager.

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12 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No.

Subject:

CITY MANAGER - ADMINISTRATIVE UPDATE - Received After Agenda Printed CITY OF MURRIETA Printed on 11/15/2024Page 1 of 1
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13 Community Services
Construction Update
Brian Crawford, Senior Program Manager
September 17, 2024
Received After Agenda Printed
9/17/2024 - Regular Meeting

CITY MANAGER - ADMINISTRATIVE UPDATE
Presentation
14 2
Completed
Alta Murrieta Park
• New Tot Lot
15 3
Completed
Firefighters Park
• New Tot Lot
16 4
Completed
Eastgate Park
• New Tot Lot
17 5
Completed
Rancho Acacias Park
• New Tot Lot
18 6
Completed
Sycamore Park
• New Tot Lot
19 7
• New Playgrounds:
• Monte Vista Park
• Palomar Park
• Northstar Park
• Oak Terrace Park
In Construction
20 8
• Town Square Park Parking Lot & Monument
• Glen Arbor Dog Park
• Pickleball Courts
• Tennis Court Lighting
• Cal Oaks Park
• Community Center
• Los Alamos Hills Sports Park EV Station
Coming Soon
21 9
• Murrieta Children’s Library Expansion
• Spring 2025: Design & Bid Documents Complete
• Summer 205: Begin Construction
Follow our progress: MurrietaCA.gov/LibraryX
In Design
22 10
To follow progress of Community Services
Capital Projects:
https://www.murrietaca.gov/1340/Capital-Improvement-Plan-CIP-Projects 23 11
Questions & Comments
24 Fire Risk Reduction
Community Status
Murrieta Fire & Rescue
Fire Chief Bernard Molloy
09-17-2024
Received After Agenda Printed
9/17/2024 - Regular Meeting

CITY MANAGER - ADMINISTRATIVE UPDATE
Presentation
25 Fire Department ability to help
Fire Departments can only do two things under the Current Safer From Wildfires Initiative to help residents lower their insurance rates:

1. Assist Neighborhoods to become Fire Wise Communities.

2. Be recognized as a Fire Risk Reduction Community by the Board of Foresters
26 3
Fire Risk Reduction Community
• Cities can apply to be identified as a
Fire Risk Reduction Community as
outlined in Public Resource Code
Section 4290.1.
• Reserved for communities that meet
the best practices for local fire
planning.
• It is spelled out in the Insurance code
to be considered during the rate-
making process.

Fire Risk Reduction Community
27 4

1. Adopt Ordinance Designating VHFSZ

2. Provide Adopted Safety Element from
the General Plan

3. Subdivision Review Progress from CCR
Section. 1267.01 - All “communities”
(30 homes or more) with one-way
access in VHFSZ – AB2911

4. Adopt one or more regulations
exceeding the state minimum for fire
safety regulations.

5. Adopt one or more DSI ordinances
exceeding the minimum state
standard.

6. Adopt WUI Code Stricter than Chapter
49, Part 9 of Title 24 of CCR.

7. Identify wildfire as a high-priority
hazard in your Local or Multi
Jurisdictional Hazard Mitigation Plan.

Fire Risk Reduction Community Steps
28 5
Riverside County:
• City of Murrieta
• The only city in Riverside
County that now qualifies
for rate reduction city-wide.
29 6
Visit our website for more information
30 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No.

Subject:

GOVERNING BODY REPORTS - Received After Agenda Printed
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31 MURRIETA CITY COUNCIL
Governing Body Reports
Mayor Pro Tem Warren
September 17, 2024
Received After Agenda Printed
9/17/2024 - Regular Meeting

GOVERNING BODY REPORTS
Presentation
32 Governing Body Reports
Mayor Pro Tem Warren
[email protected]
September 10, 2024 Attended the City Council Special Meeting (Closed Session) for City Manager position.

September 11, 2024 Attended the Riverside County Transportation Commission (RCTC) Meeting.*

1. Approved the Project Study Report for the North Main Corona Transit Connector Project.

2. Approved a Cooperative Agreement with the Palo Verde Valley Transit Agency for the Bus Maintenance Facility Expansion and Hydrogen Fueling Station.

3. Approved the Interstate 15 Smart Freeway Pilot Project Construction Agreement.

4. Approved the Agreement for System Operations Support, and Transmax Software as a Service for the Interstate 15 Smart Freeway Pilot Project.

Attended the Riverside County Transportation Commission (RCTC) Ad Hoc State Route 79 Corridor Meeting – no reportable action.
*Per FPPC Regulation, appointed positions may receive compensation – AB 1234 33 MURRIETA CITY COUNCIL
Governing Body Reports:

Council Member Holliday
September 17, 2024
Received After Agenda Printed
9/17/2024 - Regular Meeting

GOVERNING BODY REPORTS
Presentation
34 Governing Body Reports:

Council Member Holliday
[email protected]
September 9, 2024
Attended the Western Regional Council of Governments (WRCOG) Meeting.* September 9, 2024
Attended the Western Riverside County Regional Conservation Authority (RCA) Meeting.* September 10, 2024 Attended the City Council Special Meeting. *Per FPPC Regulation, appointed positions may receive compensation – AB 1234 35 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No.

Subject:

PUBLIC COMMENTS (NON-AGENDA) - Received After Agenda Printed CITY OF MURRIETA Printed on 11/15/2024Page 1 of 1
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36 37

CITY OF MURRIETA
City Council Meeting Agenda
Report
11/19/2024
Agenda Item No. 1.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Cristal McDonald, City Clerk
PREPARED BY: Kimberly Ramirez, Deputy City Clerk
SUBJECT:

Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only

RECOMMENDATION
Waive reading, by title only, of all Ordinances and Resolutions. Said Ordinances and Resolutions which appear on the public agenda shall be determined to have been read by title and further reading waived.

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38 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. 2.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Cristal McDonald, City Clerk
PREPARED BY: Kimberly Ramirez, Deputy City Clerk
SUBJECT:

Minutes

RECOMMENDATION
Approve the minutes of the July 31, 2024 Special City Council Workshop, August 20, 2024 Regular City Council meeting, and September 3, 2024 Regular City Council meeting.

ATTACHMENTS

1. July 31, 2024 Minutes

2. August 20, 2024 Minutes

3. September 3, 2024 Minutes
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39 City Council Meeting Agenda July 31, 2024

CITY OF MURRIETA Wednesday, July 31, 2024 Council Chambers 8:00 AM SPECIAL CITY
1 Town Square COUNCIL WORKSHOP
Murrieta 92562

CLOSED SESSION WILL

BEGIN AFTER WORKSHOP

MINUTES
The City of Murrieta intends to comply with the Americans with Disabilities Act (ADA). Persons with special needs should call the City Clerk Department at (951) 461-6031 or email at [email protected] at least 72 hours in advance. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

NOTICE AND CALL OF SPECIAL MEETING WORKSHOP NOTICE IS HEREBY GIVEN that on July 25, 2024, the Mayor of the City of Murrieta has called a Special Meeting of the Murrieta City Council to consider the following matters at the time and place listed on the agenda. /s/ Cristal McDonald, City Clerk Lori Stone
Mayor
Cindy Warren Lisa DeForest Mayor Pro Tem Council Member Jon Levell Ron Holliday Council Member Council Member Kim Summers, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)
*** THIS SPECIAL CITY COUNCIL WORKSHOP WILL NOT BE RECORDED OR LIVE-STREAMED*** 8:00 AM WORKSHOP
CALL TO ORDER 8:05 a.m.
40 City Council Meeting Agenda July 31, 2024

ROLL CALL

Present: Council Member Lisa DeForest
Council Member Jon Levell
Council Member Ron Holliday
Mayor Pro Tem Cindy Warren
Mayor Lori Stone

PLEDGE OF ALLEGIANCE

MAYOR'S WELCOME
Mayor Stone introduced the Special Workshop, providing an overview of the decorum and public comment time limits. Public comments on agendized items were limited to three minutes per item, with an opportunity to speak for one minute after each item was heard.

CITY MANAGER COMMENTS
City Manager Kim Summers provided opening comments by summarizing the goals and priorities that have been outlined by the City Council from the January 2024 City Council Workshop. In addition, the purpose of the workshop was to provide a clear prioritization to facilitate a strategic plan.

PUBLIC COMMENTS (AGENDIZED ONLY)
Doug McAllister: Spoke against changing the Mayor rotation process and noted past difficulties when the policy was not in place.

Kassen Klein: Stated the City Council should be able to choose who serves as Mayor due to the variables of each term.

Inquired about the enforcement of the Code of Ethics.

Alan Long: Referenced past difficulties of the policy with non-adherence and noted the rotation does not work with a Council of five members with four year terms.

The City Council should select the Mayor based on who the best fit is.

Jonathan Ingram: Spoke against the Mayor rotation policy as it creates dysfunction and animosity; noting that it has undergone various revisions and that the policy is not clear.

Kelly Seyarto: Spoke on the factors which contribute to challenges with the rotation method, suggested the discussion should start after the election season to avoid politically driven decisions. Spoke about interactions from the City Council, the public, and staff that were unprofessional specifically on social media.
41 City Council Meeting Agenda July 31, 2024

WORKSHOP
WS1. City Council Protocols and Procedures
City Clerk Cristal McDonald provided a PowerPoint presentation covering background information and purpose of the Code of Conduct and current Rules of Procedures (Resolution No. 19-4178), Future Agenda Items, Presiding Officer (Mayor Rotation); and Motion for Reconsideration.

Future Agenda Items: (37 requests received from City Council since 2023) As part of the presentation City Clerk McDonald spoke on the purpose, current authority, current/historical procedures, and comparable cities procedure.

Council Member Holliday spoke on the reasoning behind his request to review the current protocol as the Brown Act may inhibit the collaboration of requests. Inquired about having no staff report to eliminate staff time and having the requesting Council Member speak on the item.

City Manager Kim Summers noted that she can often provide direction to the City Council and staff if she is aware of the request; many times, the item doesn’t require the use of staff or resources. Mayor Stone highlighted the City Manager as a resource.

Council Member Levell agreed with Council Member Holliday that the Council Member should present the information/item to reduce staff time. Council Member DeForest noted possible concerns of longer meetings. Mayor Pro Tem Warren inquired about the timeline in relation to urgent requests.

After discussion, the City Council came to a consensus to leave the process as it is currently written, with an emphasis on Council Members meeting with the City Manager and discussing the item before requesting it be added to a future agenda. In addition, once a request is made and consensus is received, the Council Member will present the item at a future meeting at which point the need for staff time/City resources will be determined.

Public Comments:

Jonathan Ingram: Voiced concerns about diminishing the Council’s power and noted the current policy has worked well for a long time.

Kelly Seyarto: Encouraged the collaboration of Council Members and the City Manager in order to ensure the availability of subject matter experts for the discussions.

Presiding Officer (Mayor Rotation)
As part of the presentation City Clerk McDonald spoke on the purpose, current authority, current/historical procedures, and comparable cities procedure. 42 City Council Meeting Agenda July 31, 2024

Mayor Stone and Council Member Levell spoke on the reasoning behind the request to review the presiding officer rotation policy. Mayor Stone proposed having the City Council select the presiding officer instead of a rotation due to the importance of leadership and precedence of the past City Councils not following protocol. Council Member Levell noted that having a non- formal guideline to select the Mayor would be in everyone’s best interest in order to allow flexibility due to unforeseen circumstances.

Council Member Holliday, Council Member DeForest, and Mayor Pro Tem Warren spoke on concerns over the fairness of the rotation and the limitations of a stringent document. Council Member Holliday provided a draft proposal of a framework for consideration. The City Council further discussed the selection process used by other cities and the need for a policy/framework.

Consensus was received to eliminate the Mayor rotation and establish a guideline for selecting the Mayor based on responsibilities and experience.

Public Comments:

Kassen Klein: Spoke against the direction provided by the City Council stating it appears to be personality biased and appears problematic as it continues to return at each goal-setting session.

Kelly Seyarto: Spoke against removing the policy as it can lead to unintended consequences and suggested revising the current policy and not eliminating.

Doug McAllister: Suggested modifying language in order to address the fairness of rotation and noted that by removing the policy can have an unfavorable image of back door dealings.

Jonathan Ingram: Spoke on the policy needing framework as the current one creates disappointments. In addition, the policy needs structure to assist the City Council in making informed decisions.

The City Council directed staff to return with edits to the City Council protocols and procedures in October for review and approval.

Motion for Reconsideration
As part of the presentation City Clerk McDonald spoke on the purpose, current authority, current/historical procedures, and comparable cities procedure.

The item was brought back because of its ambiguity and the lack of a set procedure for bringing forward motions for reconsideration. Mayor Stone and Council Member Holliday requested clarification from the City Clerk on the issue and the portion of the language that is ambiguous.
43 City Council Meeting Agenda July 31, 2024

City Clerk McDonald highlighted the section covering the prevailing side and proposed it be modified to majority. She also suggested adding a section on the agenda for reconsiderations.

After comparing other municipalities' processes, the City Council supported the City Clerk's request for clarification. The proposed version will be brought back in October for review and approval.

Public Comments:

None
The City Council recessed at 10 a.m.

The City Council reconvened at 10:13 a.m.

Code of Conduct
As part of the presentation City Clerk McDonald spoke on the purpose, current authority, current/historical procedures, and comparable cities procedure.

The item was brought forward for annual review as part of the continuation of the January Workshop. Council Member Holliday requested clarification on the enforcement and ramifications of censorship. After further review and discussion, the City Council provided no further edits to the Code of Conduct.

Public Comments:

None
WS2. Ralph M. Brown Act Refresher
City Attorney Tiffany Israel provided a PowerPoint presentation overview of the Brown Act which highlighted topics such as types of serial meetings, open meetings, confidentiality, public records, social media, and event attendance.

The City Attorney also spoke on recent rulings from the California Attorney General regarding Chamber of Commerce paid events where City business updates are given. The Attorney General ruled if City business will be discussed and a quorum of Council Members are in attendance, the event must have a portion that is free and accessible to the public. The City Council discussed their concerns regarding protocols when attending third-party events. Staff will be providing information to the City Council to utilize while at events.

The City Council discussed their concerns regarding social media usage and City Council Member interactions. Direction was provided to staff to provide template language, similar to the PowerPoint, that they can utilize for social media which discloses the limited interactions allowed between City Council Members.
44 City Council Meeting Agenda July 31, 2024

Public Comments:

Kassen Klein: Spoke on concerns relating to the distribution of supplemental agenda material to the City Council and the public.

Council Member Holliday requested that the City Attorney respond to Mr. Klein’s question. City Attorney Tiffany Israel noted that information is only released when it is part of the agenda.

WS3. Financial Outlook
Finance Director Javier Carcamo provided a PowerPoint presentation on the City’s financial outlook, which included future budget updates, general fund long-term financial forecast, a General Fund/Measure T long-term forecast, key budget drivers, estimated unassigned fund balance, and covered debt affordability analysis scenarios and closing the gap for Fiscal Year 2024/25.

The City Council inquired about the fiscal status and feasibility of different projects in the works, such as the Construction of the Fire Station 6, the expansion of Los Alamos Soccer Complex, 215/Keller Interchange, Library Expansion, Building of Pickleball Courts, Public Safety Regional Training Center, Development Impact Fees, and bond repayment. City Manager Kim Summers noted that different approaches and timeline considerations would have to be taken on the projects within the current budgetary framework.

Finance Director Javier Carcamo delivered a brief economic update and state of the City’s primary operating funds and was available to answer questions from the City Council. Mayor Stone inquired about the Landscape and Lighting Districts not being satisfied with the service.

Finance Director Carcamo noted there is a deficit due to a lack of an escalator and that it would need to be taken back to the voters.

Public Comments:

Alan Long: Spoke on the hiring freeze and inquired on essential positions.

City Manager Summers clarified that only new positions were frozen and that based on conversations with the Executive Team certain positions were pushed to be filled in a future fiscal year.

Staff will return in November to provide the City Council with the First-Quarter Budget update and the Fiscal Year 23/24 Year-End Budget Update. In February 2025, staff will present the Fiscal Year 24/25 Mid-Year Budget Update.

PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY None

ANNOUNCEMENT OF CLOSED SESSION ITEMS
Deputy City Clerk Kimberly Ramirez announced the following Closed Session items:
45 City Council Meeting Agenda July 31, 2024

CLOSED SESSION
CS1. Conference with Labor Negotiators
The City Council will conduct a closed session, pursuant to Government Code Section 54957.6, with the City Manager, the City Attorney, and the City's negotiators, regarding labor negotiations with (1) the Murrieta General Employees’ Association; and (2) the Murrieta Supervisors’ Association.

CS2. Conference with Real Property Negotiator
The City Council will conduct a closed session, pursuant to Government Code section 54956.8, to enable the City Council to consider negotiations and to give direction to its negotiators regarding that certain real property, at the corner of Murrieta Hot Springs Road & Sparkman Court, Murrieta, CA, APN 901-031-011 and -020 with the property’s owners. The City’s real property negotiators, the City Manager, Assistant City Manager, Development Services Director, and City Attorney, will seek direction from the City Council regarding the price and terms for this property.

CS3. Public Employee Appointment
The City Council will conduct a closed session, pursuant to Government Code section 54957(b), to continue the process for the future appointment of an employee to the position of City Manager.

RECESS TO CLOSED SESSION 11:30 a.m.

WORKSHOP CONTINUED
CALL TO ORDER 12:19 p.m.

ROLL CALL

Present: Council Member Lisa DeForest
Council Member Jon Levell
Council Member Ron Holliday
Mayor Pro Tem Cindy Warren
Mayor Lori Stone

ANNOUNCEMENT OF CLOSED SESSION ACTION
City Attorney Tiffany Israel: No reportable action on Closed Session Item Nos. CS1-CS3.

PUBLIC COMMENTS - AGENDIZED ITEMS ONLY
Kassen Klein: Distributed a handout and spoke on the need to move the Line F Drainage Improvement project forward as it will benefit the entire Murrieta Downtown. Noted concern over mitigation banks being depleted as it relates to future buildout.
46 City Council Meeting Agenda July 31, 2024

CITY MANAGER COMMENTS
City Manager Summers introduced Assistant City Managers Justin Clifton and Kristen Crane, to lead the City Council priorities discussion.

WS4. City Council Priorities
Assistant City Managers Justin Clifton and Kristen Crane presented a PowerPoint presentation and facilitated discussions on work plans and strategies for the priorities established at the January 11, 2024, Special Workshop, with an additional focus on unprogrammed priorities.

The priorities previously discussed were sorted into 3 different tiers depending on:
 Aligning resources – staff available for specific projects – day to day operations;  Balancing trade-offs and focusing on what the community wants;  Mechanism to elevate and introduce priorities; and
 Declining revenue and its effect on the production side.

A handout depicting the Tiers and the projects was distributed to the City Council.

Tier 1 Projects are projects that are fully or mostly programmed, the following were reviewed:
 Fire Station 6  Los Alamos Soccer Complex
 Traffic Signal Synchronization  Keller Rd. Interchange  Library Expansion  Pickleball
 Amphitheatre Parking Lot  Madison Specific Plan
Council Member Holliday inquired on the status of the Fire Station project, whether a location had been selected, and the impact building/not building would have. Fire Chief Molloy was available to respond and provided information on the location and a possible temporary station in order to address the growing needs. Council Members DeForest and Levell spoke about utilizing the public safety CFD revenues and how delaying the construction could impact the fire insurance ratings. In addition, the City Council addressed their concerns with traffic synchronization and the traffic it is causing within the City. Finally, they touched on the status of Los Alamos Soccer Complex and Pickleball courts.

The City Council continued further review discussing possible American Rescue Plan Act (ARPA) funding/deadlines for projects such as pickleball courts and infrastructure projects.

Tier 2 Projects are partially programmed, the following were reviewed:
 Public Safety Training Facility
 Fire Station 5
 Murrieta Creek Trail
 Pool Redesign
 Traffic Signal Synchronization
 Fire Station 1, 2, & 3
 Drainage Improvements; Lines D, F, and G
Mayor Pro Tem Warren inquired about the timeline associated with the drainage improvements and the Murrieta Creek. Further discussion amongst the City Council regarding funding 47 City Council Meeting Agenda July 31, 2024

available and environmental impact review expirations. Council Member Holliday inquired about the status of the pool redesign and clarification on tier status of the traffic signal synchronization. Assistant City Manager Crane spoke on the costs based on pool design and noted the traffic signal synchronizations is listed twice since staffing capacity should be considered for various traffic signal projects.

Tier 3 Projects are projects that aren’t programmed and all other pending introductions of ideas.
 Police Department Expansion
 Keyhole Specific Plan
 Tour de Murrieta
 Whitewood widening
Council Member Holliday supports the idea of updating plans for the Police Department Expansion. Police Chief Anthony Conrad will be ready to fund and proceed in 2030. In addition, Council Member Holliday spoke on the Keyhole project noting it was expensive and staff intensive, with drainage and habitat challenges and inquired about phases. Assistant City Manager Crane noted that due to various discussions with various agencies she recommends staff bring it back as a future agenda item.

Public Comments:

Kassen Klein: Spoke on permitting concerns with Line F and asked to have experts on subject matter attend in order to provide insight and further clarify any questions.

Alan Long: Spoke on the City’s financial need and areas that might be overlooked for revenue generation as is the equestrian facility, and economic impacts done in Temecula.

After public comments, the City Council directed staff to bring back the “Tour de Murrieta,” Line D, and Line G Projects, and the Keyhole Project for further review at future meetings.

CLOSING COMMENTS
City Manager Kim Summers informed the City Council that staff will come back with a work plan encompassing the feasibility aspects and timelines.

ADJOURNMENT 2:10 p.m.
________________________
Cristal McDonald, City Clerk
48 City Council August 20, 2024

CITY OF MURRIETA Tuesday, August 20, 2024
Council Chambers 4:45 PM CLOSED SESSION
1 Town Square 6:00 PM REGULAR MEETING
Murrieta 92562 MINUTES
The City of Murrieta intends to comply with the Americans with Disabilities Act (ADA). Persons with special needs should call the City Clerk Department at (951) 461-6031 or email at [email protected] at least 72 hours in advance. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Lori Stone
Mayor
Cindy Warren Lisa DeForest Mayor Pro Tem Council Member Jon Levell Ron Holliday Council Member Council Member Kim Summers, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)
YOU MAY VIEW THE MEETING LIVESTREAMED VIA THE CITY’S WEBSITE AT https://murrieta.legistar.com/Calendar.aspx
4:45 PM CLOSED SESSION
CALL TO ORDER 4:47 p.m.
49 City Council August 20, 2024

ROLL CALL

Present: Council Member DeForest
Council Member Levell
Council Member Holliday
Mayor Pro Tem Warren
Mayor Stone

Absent: None
PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY None

ANNOUNCEMENT OF CLOSED SESSION ITEMS
City Clerk Cristal McDonald announced the following Closed Session items:

CLOSED SESSION
CS1. Conference with Legal Counsel - Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code sections 54956.9(d)(2), because there is a significant exposure to litigation in three cases.

CS2. Conference with Legal Counsel - Existing Litigation The City Council will conduct a closed session with the City Manager, Assistant City Managers, the Administrative Services Director, and the City Attorney, pursuant to Government Code section 54956.95(b), to consider the following worker's compensation claim(s): Schmader v. City of Murrieta (WCAB Case No. ADJ14691465, ADJ14937668).

CS3. Conference with Labor Negotiators
The City Council will conduct a closed session, pursuant to Government Code Section 54957.6, with the City Manager, the City Attorney, and the City's negotiators, regarding labor negotiations with (1) the Murrieta General Employees’ Association; (2) the Murrieta Supervisors’ Association; and (3) Management and Confidential.

CS4. Public Employee Appointment
The City Council will conduct a closed session, pursuant to Government Code section 54957(b), to continue the process for the future appointment of an employee to the position of City Manager.

RECESS TO CLOSED SESSION 4:49 p.m.
50 City Council August 20, 2024

6:00 PM REGULAR MEETING
CALL TO ORDER 6:06 p.m.

ANNOUNCEMENT OF CLOSED SESSION ACTION
City Attorney Tiffany Israel: No reportable action on Closed Session Item Nos. CS1-CS4.

ROLL CALL

Present: Council Member DeForest
Council Member Levell
Council Member Holliday
Mayor Pro Tem Warren
Mayor Stone

Absent: None
PLEDGE OF ALLEGIANCE Mayor Pro Tem Warren
INVOCATION Pastor Roger Bowman, Gateway Church of Nazarene

APPROVAL OF AGENDA
Action: It was moved by Council Member DeForest, seconded by Council Member Holliday to approve the Agenda for August 20, 2024.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

CITY MANAGER - ADMINISTRATIVE UPDATE
City Manager Administrative Updates is the opportunity for the City Manager to provide community updates, as well as Department or Commission announcements on current or upcoming projects.
 Police and Fire Department: Updates, Police Chief Tony Conrad and Fire Chief Bernie Molloy
51 City Council August 20, 2024

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB) REPORTS Council Member DeForest: Provided attendance/reported the following:
 Special City Council Meetings
Council Member Holliday: Provided attendance/reported the following:
 Code Enforcement Ad-Hoc Committee
 Special City Council Meetings
 Santa Stops
 Western Riverside Council of Governments (WRCOG)
Mayor Pro Tem Warren: Provided attendance/reported the following:
 Special City Council Meetings
 Riverside County Transportation Commission (RCTC)
Council Member Levell: Provided attendance/reported the following:
 Special City Council Meetings

PUBLIC COMMENTS (NON-AGENDA)
Rodney Rhodan: Spoke on concern with a neighbor and the City’s handling of the issue.

Dr. Steven James: Spoke on concerns over the Police Department's case protocol based on an incident.

Ruthie James: Spoke on concerns over the Police Department's case protocol based on an incident.

Alex Kowalski: Thanked the City Council for their participation at the Family Fun Fest.

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 29
Public Comments:

Daryl Terrell: Spoke in favor of the Catalytic Converter Ordinance Item No. 26.

Action: It was moved by Council Member Holliday, seconded by Council Member DeForest to approve the Consent Calendar Item Nos 1-29 with exception of items pulled (Item Nos. 11 and 25) and noting that participation costs for Item No. 14 are paid via grant funds and not general fund money.
52 City Council August 20, 2024

City Clerk Cristal McDonald reported administrative errors on Item Nos. 16, 17, and 25. Item Nos. 16 and 17 had visibility issues with the redlined documents which has been resolved and provided to the City Council and the public. Item No. 25 read “Amendment No.2,” and it should have read “Amendment No.1.” The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

1. Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only Recommended Action:

Waive reading, by title only, of all Ordinances and Resolutions. Said Ordinances and Resolutions which appear on the public agenda shall be determined to have been read by title and further reading waived.

2. Minutes
Recommended Action:

Approve the minutes of the July 2, 2024 City Council Regular Meeting.

3. Check Register June 2024
Recommended Action:

Adopt Resolution 24-4773 entitled: A Resolution of the City Council of the City of Murrieta, California, Ratifying the Check Register for the Month of June 2024 in the amount of $3,874,813.80 (Check Numbers 160089-160468).

4. Monthly Investment Transaction Report for May 2024
Recommended Action:

Receive and file the Monthly Investment Transaction Report for May 2024.

5. Monthly Investment Transaction Report for June 2024
Recommended Action:

Receive and file the Monthly Investment Transaction Report for June 2024.

6. Treasurer’s Report - Quarter 4 of Fiscal Year 2023/24 Recommended Action:

Receive the Fiscal Year 2023/24 Treasurer’s Reports for Quarter 4 (April - June 2024). 53 City Council August 20, 2024

7. Agreement with NEOGOV
Recommended Action:

Approve a three-year agreement with GovernmentJobs.com, Inc. dba NEOGOV for Human Resources Management System Subscriptions in the amount not to exceed $179,313.70;
Authorize the exemption from bidding requirements; and
Authorize the City Manager to execute the necessary documents.

8. Resolution Approving a Tentative Agreement between the City of Murrieta and the Murrieta Firefighters Association regarding Participation in the International Association of Fire Fighters Medical Expense Reimbursement Plan
Recommended Action:

Adopt Resolution No. 24-4774, entitled: A Resolution of the City Council of the City of Murrieta, California, Approving a Tentative Agreement between the City of Murrieta and the Murrieta Firefighters Association, regarding Participation in the IAFF Medical Expense Reimbursement Plan.

9. Murrieta Police Officers Association Successor Memorandum of Understanding Recommended Action:

Adopt Resolution No. 24-4775 entitled: A Resolution of the City Council of the City of Murrieta, California, Approving, Adopting and Implementing a Successor Memorandum of Understanding between the City of Murrieta and the Murrieta Police Officers Association for the Period July 1, 2023 through June 30, 2026.

10. Renewal Approval with Carahsoft (DocuSign) - Digital Signature Software Recommended Action:

Authorize the City Manager to approve the current renewal, in a form acceptable to the City Attorney, with Carahsoft - DocuSign for digital signature software, for a total not to exceed the amount of $27,450, and authorize the City Manager to issue a change order up to 10%, if needed;
Amend the Fiscal Year 2024/25 Operating Budget in the General Ledger Account 1102400-60920 by $4,550; and
Ratify a prior renewal with Carahsoft that exceeded the City Manager's contract authority by $4,377.60.
54 City Council August 20, 2024

12. Amendment to an Agreement with GRC Associates, Inc. for As-Needed Administrative Services for the Community Development Block Grant Program Recommended Action:

Approve the first amendment to an agreement with GRC Associates, Inc. for as-needed Community Development Block Grant consultation services to extend the agreement by one year and increase the total not-to-exceed amount by $30,000; and Authorize the City Manager to execute the agreement.

13. Environmental Program Funding for Fiscal Year 2024/25 Recommended Action:

Approve the allocation of grant funding and amend the Fiscal Year 2024/25 Budget to include the revenue and projected expenditure of State grant funding awarded to the City.

14. First Amendment to an Agreement with Western Riverside Council of Governments for Regional Food Recovery and Local Assistance Program
Mayor Pro Tem Warren noted that participation costs for Item No. 14 are paid via grant money and not the general fund.

Recommended Action:

Approve the First Amendment to the Agreement with Western Riverside Council of Governments in the amount of $56,438 for services related to edible food recovery and local assistance for local commercial food generators implementing SB 1383 requirements and extending the agreement by one year; and Authorize the City Manager to execute the agreement.

15. Acceptance of Donations from the Friends of the Murrieta Library Recommended Action:

Accept donations from the Friends of the Murrieta Library in the amount of $58,000; and Authorize the City Manager to amend the Fiscal Year 2024/25 Operating Budget.

16. Field Use and Allocation Policy Update
Recommended Action:

Approve the language modifications to the 2014 Field Use and Allocation Policy as proposed by staff and the Parks and Recreation Commission. 55 City Council August 20, 2024

17. Updated Park and Recreation Facilities Naming Policy Recommended Action:

Adopt Resolution CSD 24-282, entitled: A Resolution of the Board of the Murrieta Community Services District, Rescinding the Policy for Naming Park and Recreation Facilities Ratified on April 5, 1994, and Adopting an Updated Policy for Naming Parks and Recreation Facilities.

18. Second Amendment to the Transient Occupancy Tax Revenue Sharing Agreement Recommended Action:

Authorize the City Manager to execute the Second Amendment to the Transient Occupancy Tax Revenue Sharing Agreement with Olympus Real Estate Holdings, LTD., a Texas limited partnership, dba The Murrieta Hot Springs Resort & Spa.

19. First Amendment and Restatement of the Dispatch Service Agreement Between the City of Murrieta and the City of Menifee
Recommended Action:

Adopt Resolution No. 24-4776 entitled: A Resolution of the City Council of the City of Murrieta, California, Authorizing the First Amendment, and Restatement of the Dispatch Service Agreement Between the City of Murrieta and the City of Menifee; and Rescind Resolution No. 23-4666 Previously Authorized the First Amendment and Restatement.

20. First Amendment with Rogers, Anderson, Malody & Scott, LLP Recommended Action:

Approve the First Amendment to the Agreement for Financial Auditing Services between the City of Murrieta and Rogers, Anderson, Malody & Scott, LLP (RAMS); and Amend the Operating Budget for Fiscal Year 2024/25.

21. Medical Expense Reimbursement Plan and Amendment to the Retirement Health Savings (RHS) Plan and the Deferred Compensation 401(a) Plan Recommended Action:

Adopt Resolution No. 24-4777 entitled: A Resolution of the City Council of the City of Murrieta, California, Adopting a Medical Expense Reimbursement Plan of the Washington State Council of Fire Fighters Employee Benefit Trust, Approving an Amendment of the Retirement Health Savings (RHS) Plan with Mission Square and Approving an Amendment of the 401a Deferred Compensation Plan with Nationwide; and
Authorize the City Manager to execute all related documents. 56 City Council August 20, 2024

22. Transaction and Use Tax Citizens Oversight Committee Bi-Annual Report Recommended Action:

Receive and file.

23. SB 1205 Compliance Report for 2023 State-Mandated Annual Fire Inspections Recommended Action:

Adopt Resolution No. 24-4778 entitled: A Resolution of the City Council of the City of Murrieta, California, Acknowledging Receipt of a Report Made by the Fire Chief of the Murrieta Fire Department Regarding the Inspection of Certain Occupancies Required to Perform Annual Inspections in Such Occupancies Pursuant to Sections 13146.2 and 13146.3 of the California Health and Safety Code.

24. Trauma Intervention Program Agreement
Recommended Action:

Approve a three-year agreement with Trauma Intervention Programs, Inc., for trauma intervention counseling services retroactively effective July 1, 2024; Authorize the exemption from bidding requirements; and
Authorize the City Manager to execute the agreement for a total not to exceed $29,400.

26. Catalytic Converter Possession Municipal Codes
Recommended Action:

Introduce and conduct the first reading of Ordinance No. 606-24 entitled: An Ordinance of the City Council of the City of Murrieta, California, Amending Title 9 of the Murrieta Municipal Code to Establish a New Chapter 9.35 to Set Forth Regulations Defining and Prohibiting the Unlawful Possession of Detached Catalytic Converters in the City of Murrieta and Adoption of Exemption from CEQA Guidelines.

27. Acceptance of Public Improvements in Tract Map 31497 Recommended Action:

Accept the Public Improvements in Tract Map 31497, located at the southeast corner of Lemon Street and Washington Avenue; and
Direct the Public Works Department to perform continued maintenance on the aforementioned public improvements in conformity with the City of Murrieta’s maintenance standards.
57 City Council August 20, 2024

28. Approval of a Joint Use Agreement with Southern California Edison related to Nutmeg Apartments Development Project
Recommended Action:

Approve a Joint Use Agreement with Southern California Edison associated with the Nutmeg Apartments development project; and
Authorize the Mayor to execute the Joint Use Agreement.

29. Adoption of an Ordinance Amending Chapters 1.04, 1.32, and 8.20 of the Murrieta Municipal Code Providing the City with the Authority and Flexibility to Recover Costs Incurred in Abating Nuisances
Recommended Action:

Introduce and conduct the first reading on Ordinance No. 608-24 entitled: An Ordinance of the City Council of the City of Murrieta, California, Amending Sections 1.04.010,

1.32.050, 8.20.020, 8.20.090, 8.20.100, and 8.20.130 of the Murrieta Municipal Code to Define “Responsible Party,” Clarify Nuisance Abatement Options for the City, Update Provisions Relating to the Costs of Abatement Including Attorney’s Fees and Costs, and Establish Lien and Special Assessment Procedures for the Recovery of Nuisance Abatement Costs.
58 City Council August 20, 2024

PULLED CONSENT CALENDAR ITEMS:

11. Amendment to ACP Publications and Marketing Agreement Item No. 11 was pulled for discussion by Council Member DeForest.

Staff report provided by Management Analyst Isaac Bravo who addressed Council Member DeForest’ questions regarding components, costs, and utilization of the Murrieta Magazine.

Public Comments:

None
Action: After discussion it was moved by Council Member Holliday, seconded by Mayor Pro Tem Warren to:

Approve the First Amendment to the ACP Publications and Marketing Agreement for printing and distribution of the Murrieta Magazine in an amount not to exceed $285,000; and
Authorize the City Manager to execute the Agreement.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None
59 City Council August 20, 2024

25. Amendment #2 to Agreement with Flock Group, Inc. - Automated License Plate Reader Cameras (ALPR)
Item No. 25 was pulled for discussion by Mayor Stone.

Staff report provided by Police Chief Anthony Conrad who also addressed Mayor Stone’s questions regarding the function of the license plate reader.

Public Comments:

None
Action: After discussion it was moved by Council Member DeForest, seconded by Mayor Pro Tem Warren to:

Approve the second amendment to the agreement with Flock Group, Inc. to add the Enhanced License Plate Reader package;
Appropriate an additional $15,000 in the Fiscal Year 2024/25 Operating Budget in the Supplemental Law Enforcement Fund (Fund 411); Authorize the exemption from bidding requirements; and
Authorize the City Manager to execute the agreement and all related documents.

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

PUBLIC HEARINGS

30. Continued Hearing - Appeal of Planning Commission decision adopting a Mitigated Negative Declaration for Development Plan Permit 2022-2605/2023-00006 (DP-2022-2605/2023-00006) Murrieta Hot Springs at Jefferson Apartments Staff report provided by Deputy Development Services Director Jarrett Ramaiya who reported that a settlement agreement was reached with the applicant. No further action is needed.
60 City Council August 20, 2024

31. Public Hearing on The Shops at the Triangle: Specific Plan Amendment 2023-00003, Tentative Tract Map 38622 (TTM-2022-2706) Development Plan 2022-2705 and consideration of an Addendum to the previously adopted Subsequent Environmental Impact Report
Staff report and PowerPoint presentation provided by Senior Planner Dennis Watts.

Development Services Director David Chantarangsu, and Police Chief Anthony Conrad, were available to answer questions from the City Council.

The applicant Saul Jaffe addressed questions from the City Council regarding drive-thru concerns and police presence at the shops.

The public hearing opened at 7:44 p.m.

Public Testimony:

Patrick Ellis: Spoke in favor of the project and his support towards the applicant.

The public hearing was closed at 7:45 p.m.

Action: It was moved by Council Member DeForest, seconded by Council Member Holliday to;
Consider and Approve an Addendum to the Subsequent Environmental Impact Report pursuant to the California Environmental Quality Act Guidelines (Cal. Code Regs. Title 14) Section 15162 and 15164 by adopting Resolution No. 24-4779 entitled: A Resolution of the City Council of the City of Murrieta Approving the Environmental Determination, Development Plan 2022-2705 and Tentative Tract Map 2022-2706 (TTM 38622) for The Shops at the Triangle, a 64.3-Acre Site to be developed with a 279,538 square foot regional shopping center on approximately 36.5 acres and to subdivide the

64.3-acre site into 23 parcels;
Related Improvements for Circulation, Infrastructure, and Landscaping Located southerly of Murrieta Hot Springs Road, East of Interstate 15 and west of Interstate 215 (APN’s 910-390-001 through 910-390-003, 910-390-008 through-018, 910-390-020 through 910-390-022, 910-400-001 through -018) within the Commercial (C) Zone of the Triangle Specific Plan Area; subject to the Conditions of Approval in Exhibit A and Exhibit B; and 61 City Council August 20, 2024

Introduce and Conduct the First reading of Ordinance No. 607-24 entitled: An Ordinance of the City Council of the City of Murrieta, California, Approving and Adopting the Triangle Specific Plan Amendment No. 2 (Specific Plan 276 Amendment No. 2 - Formerly named Murrieta Springs Mall) for property located on 64.3 acres southerly of Murrieta Hot Springs Road, East of Interstate 15 and west of Interstate 215 (APN’s 910-390-001 through 910-390-003, 910-390-008 through -018, 910-390-020 through 910-390-022, 910-400-001 through -018) (Planning Case No. SP-2023-00003); subject to the Conditions of Approval in Exhibit A .

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

DISCUSSION

32. Susan G. Komen - Race for the Cure, Request for City of Murrieta Team This item was requested under Future Agenda Items on July 2, 2024.

Mayor Stone requested the creation of a City of Murrieta Team for the Susan G.

Komen Foundation, MORE THAN PINK Walk.

Consensus was received.

33. Fiscal Year 2024/25 Proposed Budget Adjustments
Finance Director Javier Carcamo, Finance Manager Jennifer Terry, and acting Financial Analyst Tanner Benson provided a PowerPoint presentation. Finance Director Javier Carcamo was available to answer questions from the City Council.

Action: After discussion it was moved by Council Member Holliday, seconded by Mayor Pro Tem Warren to:

Receive and file the report;
Approve Amendment to the Fiscal Year 2024/25 Operating Budget as defined in this report; and
Approve the updated Schedule of Authorized Positions.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None
62 City Council August 20, 2024

NOTIFICATIONS
Notice of Pending Approval of Final Tract Map – TR 38228 City Clerk Cristal McDonald informed the City Council that the Notice will be continued to a future meeting.

GOVERNING BODY ANNOUNCEMENTS
Council Member DeForest, Council Member Levell, Council Member Holliday, Mayor Pro Tem Warren, and Mayor Stone provided their Governing Body Announcements to be made part of the City’s record.

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS None ADJOURNMENT 8:38 p.m.

Mayor Stone adjourned the meeting quoting President Reagan in honor of Senior Citizen’s Day.
“For all they have achieved throughout life and for all they continue to accomplish, we owe older citizens our thanks and a heartfelt salute. We can best demonstrate our gratitude and esteem by making sure that our communities are good places in which to mature and grow older – places in which older people can participate to the fullest and can find the encouragement, acceptance, assistance, and services they need to continue to lead lives of independence and dignity.”
____________________________
Cristal McDonald, City Clerk
63 CITY OF MURRIETA Tuesday, September 3, 2024
Council Chambers 4:30 PM CLOSED SESSION
1 Town Square 6:00 PM REGULAR MEETING
Murrieta 92562 MINUTES
The City of Murrieta intends to comply with the Americans with Disabilities Act (ADA). Persons with special needs should call the City Clerk Department at (951) 461-6031 or email at [email protected] at least 72 hours in advance. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Any presentation requiring the use of the City of Murrieta’s equipment must be submitted to the City Clerk’s department 72 hours prior to the scheduled City Council meeting at City Hall located at 1 Town Square, Murrieta, CA; via email at [email protected] or call (951) 461-6031. Any writings or documents provided to a majority of the City Council regarding any item on this agenda will be made available for public inspection at the public counter at City Hall located at 1 Town Square, Murrieta, CA during normal business hours.

Lori Stone
Mayor
Cindy Warren Lisa DeForest Mayor Pro Tem Council Member Jon Levell Ron Holliday Council Member Council Member Kim Summers, City Manager
Tiffany Israel, City Attorney
Cristal McDonald, City Clerk

MURRIETA CITY COUNCIL (CC)

MURRIETA COMMUNITY SERVICES DISTRICT (CSD)

MURRIETA FIRE DISTRICT (FD)

MURRIETA LIBRARY BOARD (LB)

MURRIETA REDEVELOPMENT SUCCESSOR AGENCY (RSA)

MURRIETA HOUSING AUTHORITY (HA)

MURRIETA FINANCING AUTHORITY (FA)
YOU MAY VIEW THE MEETING LIVESTREAMED VIA THE CITY’S WEBSITE AT https://murrieta.legistar.com/Calendar.aspx
4:30 PM CLOSED SESSION
CALL TO ORDER 4:31 p.m.

ROLL CALL

Present: Council Member Lisa DeForest
Council Member Jon Levell
Council Member Ron Holliday
Mayor Pro Tem Cindy Warren
Mayor Lori Stone
64 City of Murrieta September 3, 2024

PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY None

ANNOUNCEMENT OF CLOSED SESSION ITEMS
City Clerk Cristal McDonald announced the following Closed Session items:

CLOSED SESSION
CS1. Conference with Real Property Negotiator
The City Council will conduct a closed session, pursuant to Government Code section 54956.8, to enable the City Council to consider negotiations and to give direction to its negotiators regarding that certain real property located at the Northwest Corner of Linnel Lane and Whitewood Road, Murrieta, Riverside County, CA, APN: 392-290-048.

The City’s real property negotiators, the City Manager, the Assistant City Manager, and the City Attorney will seek direction from the City Council regarding the price and terms of this property.

CS2. Conference with Real Property Negotiator
The City Council will conduct a closed session, pursuant to Government Code section 54956.8, to enable the City Council to consider negotiations and to give direction to its negotiators regarding that certain real property, at the intersection of Kalmia and Jefferson, APN 906-080-041, 906-080-042, and 906-080-033 with Bold Communities, Fidelis Advisors, and Urban Pacific & Shopoff. The City’s real property negotiators, the City Manager, Assistant City Managers, Development Services Director, and City Attorney, will seek direction from the City Council regarding the price and terms for this property.

CS3. Conference with Real Property Negotiator
The City Council will conduct a closed session, pursuant to Government Code section 54956.8, to enable the City Council to consider negotiations and to give direction to its negotiators regarding that certain real property, Town Square Park Amphitheater - 11 Town Square Park, Murrieta. The City’s real property negotiators, the City Manager, Assistant City Manager, Director of Economic Development, and City Attorney, will seek direction from the City Council regarding the price and terms for this property.

CS4. Conference with Legal Counsel - Anticipated Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(4), because the City is considering whether to initiate litigation in 5 cases.

Mayor Stone recused herself from Closed Session No. CS4 due to having a property within 1000 feet of one of the properties.

CS5. Public Employee Appointment
The City Council will conduct a closed session, pursuant to Government Code section 54957(b), to continue the process for the future appointment of an employee to the position of City Manager.
65 City of Murrieta September 3, 2024

RECESS TO CLOSED SESSION 4:33 p.m.
6:00 PM REGULAR MEETING
CALL TO ORDER 6:05 p.m.

ANNOUNCEMENT OF CLOSED SESSION ACTION
CS1 - CS3: No Reportable Action
CS4: The City Council unanimously authorized the initiation of litigation on all five cases with Mayor Stone recusing herself due to owning property within 1,000 feet of one of the properties.

CS5: No Reportable Action

ROLL CALL

Present: Council Member Lisa DeForest
Council Member Jon Levell
Council Member Ron Holliday
Mayor Pro Tem Cindy Warren
Mayor Lori Stone
PLEDGE OF ALLEGIANCE Council Member DeForest
INVOCATION Pastor Larry Hansen, Calvary Chapel

PRESENTATIONS
Proclamation: National Kids with Cancer Awareness Month

APPROVAL OF AGENDA
Action: It was moved by Council Member DeForest, seconded by Council Member Holliday to approve the Agenda for September 3, 2024.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None
66 City of Murrieta September 3, 2024

CITY MANAGER - ADMINISTRATIVE UPDATE
City Manager Administrative Updates is the opportunity for the City Manager to provide community updates, as well as Department or Commission announcements on current or upcoming projects.
• Community Services Department: Pool and Youth Center Update • Development Services Department: Multi-Family Housing • Public Information Office: Community Update, Cristina Davies

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB) REPORTS Council Member DeForest: Provided attendance/reported the following:
 Special City Council Meeting
Council Member Levell: Provided attendance/reported the following:
 Special City Council Meeting
Council Member Holliday: Provided attendance/reported the following:
 Special City Council Meeting
 Santa Stops
Mayor Pro Tem Warren: Provided attendance/reported the following:
 Special City Council Meeting
 Riverside Transit Agency
Mayor Stone: Provided attendance/reported the following:
 Special City Council Meeting

PUBLIC COMMENTS (NON-AGENDA)
Aimee Edgeworth: Provided a flyer for the October 5, 2024, Spooky SteamPunk Tea Party event and spoke on a Murrieta Train Project.

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 14
Action: It was moved by Council Member Holliday, seconded by Council Member DeForest to approve Consent Calendar Item Nos.1-14.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None
67 City of Murrieta September 3, 2024

1. Waive Reading of All Ordinance Adoptions on the Agenda and Read by Title Only Recommended Action:

Waive reading, by title only, of all Ordinances and Resolutions. Said Ordinances and Resolutions which appear on the public agenda shall be determined to have been read by title and further reading waived.

2. Minutes
Recommended Action:

Approve the minutes of the August 6, 2024, City Council Special meeting.

3. Check Register July 2024
Recommended Action:

Adopt Resolution 24-4780 entitled: A Resolution of the City Council of the City of Murrieta, California, Ratifying the Check Register for the month of July 2024 in the amount of $4,711,894.39 (Check Numbers 160469-160873).

4. Amending and Restating the Comprehensive Pay Schedule for Fiscal Year 2024/25 Recommended Action:

Adopt Resolution No. 24-4781 entitled: A Resolution of the City Council of the City of Murrieta, California, Amending and Restating the Comprehensive Salary Schedule for Fiscal Year 2024/25.

5. VertiGIS Software Upgrade
Recommended Action:

Approve an agreement with VertiGIS for a one-time upgrade fee not to exceed $20,000, for a total project amount not to exceed $103,200;
Authorize the exemption from bidding requirements;
Approve an increase in the Fiscal Year 2024/25 Operating Budget as defined below; and
Authorize the Mayor to execute the agreement.
68 City of Murrieta September 3, 2024

6. Adoption of an Ordinance of the City Council of the City of Murrieta, California, Amending Chapters 1.04, 1.32, and 8.20 of the Murrieta Municipal Council Revising the City’s Municipal Code to Provide Authority and Flexibility for the City to Recover the Costs Incurred in Abating Nuisances
Recommended Action:

Conduct the second reading and adopt Ordinance No. 608-24 entitled: An Ordinance of the City Council of the City of Murrieta, California, Amending Chapters 1.04, 1.32, and

8.20 of the Murrieta Municipal Council Revising the City’s Municipal Code to Provide Authority and Flexibility for the City to Recover the Costs Incurred in Abating Nuisances amending sections to define “responsible party,” clarify nuisance abatement options for the City, update provisions relating to the costs of abatement including attorney’s fees and costs, and establish lien and special assessment procedures for the recovery of nuisance abatement costs.

7. Approval of a Memorandum of Understanding with the County of Riverside for Services Pertaining to Vector Control and Onsite Wastewater Treatment Systems, and Enacting Regulations Pertaining thereto by Adopting Riverside County Code Chapter 8.36 (Control of Vectors) by Reference
Recommended Action:

Approve a memorandum of understanding with the County of Riverside and authorize the City Manager to execute the agreement; and
Introduce and conduct the first reading of Ordinance No. 609-24 entitled: An Ordinance of the City Council of the City of Murrieta, California, Adopting by Reference Chapter

8.36 (Control of Vectors) of Title 8 (Health and Safety) of the County of Riverside County Code as a New Chapter in the Murrieta Municipal Code .

8. Second Reading - The Shops at the Triangle-Specific Plan Amendment 2023-00003 Recommended Action:

Conduct the Second reading to Adopt Ordinance No. 607-24 entitled: An Ordinance of the City Council of the City of Murrieta, California, Approving and Adopting the Triangle Specific Plan Amendment No. 2 (Specific Plan 276 Amendment No. 2 - Formerly named Murrieta Springs Mall) for property located on 64.3 acres southerly of Murrieta Hot Springs Road, east of Interstate 15 and west of Interstate 215 (APN’s 910-390-001 through 910-390-003, 910-390-008 through -018, 910-390-020 through 910-390-022, 910-400-001 through -018) (Planning Case No. SP-2023-00003); subject to the Conditions of Approval in Exhibit A.
69 City of Murrieta September 3, 2024

9. Fire Station 6 Land Swap Resolution and Exemption from the Surplus Land Act Recommended Action:

Approve Resolution No. 24-4782 entitled: A Resolution of the City Council of the City of Murrieta, California, Making Findings Relating to the Proposed Transfer of a Portion of City-Owned Real Property Located at Assessor’s Parcel Number 963-060-086 to J&T Investments, Inc., in Exchange for Real Property Owned by J&T Investments, Inc., Located at Assessors Parcel Number 963-060-065 and Adoption of Exemption from the Surplus Land Act.

10. Agreement with Willdan Engineering for As-Needed Fire Inspection and Plan Review Services
Recommended Action:

Award a consultant services agreement to Willdan Engineering for as-needed fire inspection and plan review services;
Approve the three-year agreement in the amount of $240,000 per fiscal year for a total not to exceed $720,000; and
Authorize the City Manager to execute the agreement.

11. Second Reading - Catalytic Converter Possession Municipal Codes Recommended Action:

Conduct the second reading and adopt Ordinance No. 606-24 entitled: An Ordinance of the City Council of the City of Murrieta, California, Amending Title 9 of the Murrieta Municipal Code to Establish a New Chapter 9.35 to Set Forth Regulations Defining and Prohibiting the Unlawful Possession of Detached Catalytic Converters in the City of Murrieta and Adoption of Exemption From CEQA.

12. Acceptance of Public Improvements in Parcel Map 37612 Recommended Action:

Accept the Public Improvements in Parcel Map 37612 located south of Murrieta Hot Springs Road and west of Delhaven Street; and
Direct the Public Works Department to perform continued maintenance on the aforementioned public improvements in conformity with the City of Murrieta’s maintenance standard.
70 City of Murrieta September 3, 2024

13. Construction Contract for the Murrieta Hot Springs Road Pavement Rehabilitation Project, CIP 13047
Recommended Action:

Award the construction contract for the Murrieta Hot Springs Road Pavement Rehabilitation Project CIP No. 13047 to Onyx Paving Company, Inc. in the amount of $1,991,000;
Authorize a fifteen percent (15%) construction contingency of $298,650; and Authorize the City Engineer to approve contract change orders not to exceed fifteen percent (15%) of the contract amount.

14. Notice of Completion of the Clinton Keith Road and Date Street Pavement Rehabilitation Project
Recommended Action:

Accept the improvements for the Clinton Keith Road and Date Street Pavement Rehabilitation project, CIP No. 8043, as complete; and
Direct the City Clerk to record a Notice of Completion; and release bonds in accordance with State law and City ordinances.

PULLED CONSENT CALENDAR ITEMS None

PUBLIC HEARINGS

15. Public Hearing Continuance: 6th Code Update (MCA-2023-00003) Revising and Updating the City’s Development and Municipal Code(s)
Staff report provided by Deputy Development Services Director Jarrett Ramaiya.

The public hearing was opened at 6:46 p.m.

Public Testimony:

None
The public hearing was closed at 6:46 p.m.

Action: It was moved by Mayor Pro Tem Warren, seconded by Council Member Holliday to continue the public hearing of the 6th Code Update to a date certain of September 17, 2024.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None
71 City of Murrieta September 3, 2024

DISCUSSION

16. Los Alamos Sports Park Soccer Project - Amendment No. 1 to Agreement with Glenn Lukos Associates, Inc. and Amendment No. 1 to Agreement with RICK Staff report and PowerPoint presentation provided by Deputy Development Services Director Jarrett Ramaiya.

Mayor Pro Tem Warren disclosed she is an Assistant Soccer Coach with the Murrieta Youth Soccer League and there is no conflict with her voting on this item.

Public Comments:

Kassen Klein: Spoke on financing and environmental concerns connected to the Los Alamos Sports Park.

Action: Council Member Holliday made a motion different from the staff recommendation, seconded by Mayor Stone to bring back an item on September 17, 2024, to establish an Ad Hoc Sub-Committee to review and discuss expenditure funds and how to move forward on feasible options for soccer fields, as well as the direction of the Los Alamos Sports Park.

The motion carried with the following vote:

Ayes: DeForest, Holliday, Warren, Stone
Noes: Levell

17. Approving a Tentative Agreement for a Successor Memorandum of Understanding between the City of Murrieta and the Murrieta General Employees’ Association for the Period July 1, 2024 through June 30, 2027
Staff report and PowerPoint presentation provided by Administrative Services Director Diego Chavez. Item Nos. 17 and 18 were presented jointly.

Public Comments:

None
Action: It was moved by Council Member Holliday, seconded by Mayor Pro Tem Warren to adopt Resolution No. 24-4783, entitled: A Resolution of the City Council of the City of Murrieta, California, Approving a Tentative Agreement for a Successor Memorandum of Understanding between the City of Murrieta and the Murrieta General Employees’ Association for the Period July 1, 2024 Through June 30, 2027.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None
72 City of Murrieta September 3, 2024

18. Approving a Tentative Agreement for a Successor Memorandum of Understanding between the City of Murrieta and the Murrieta Supervisors’ Association for the Period July 1, 2024 through June 30, 2027
Staff report and PowerPoint presentation provided by Administrative Services Director Diego Chavez. Item Nos. 17 and 18 were presented jointly.

Action: It was moved by Council Member Holliday, seconded by Mayor Stone to adopt Resolution No. 24-4784, entitled: A Resolution of the City Council of the City of Murrieta, California, Approving a Tentative Agreement for a Successor Memorandum of Understanding between the City of Murrieta and the Murrieta Supervisors’ Association for the Period July 1, 2024 through June 30, 2027.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

19. Updated Murrieta Management, Professional, and Confidential Employees’ Compensation Plan
Staff report provided by City Attorney Tiffany Israel.

Public Comments:

None
Action: It was moved by Council Member Holliday, seconded by Council Member DeForest to adopt Resolution No. 24-4785 entitled: A Resolution of the City Council of the City of Murrieta, California, Approving an Updated Murrieta Management, Professional, and Confidential Employees’ Compensation Plan.

The motion carried by the following vote:

Ayes: DeForest, Levell, Holliday, Warren, Stone
Noes: None

GOVERNING BODY ANNOUNCEMENTS
Council Member DeForest, Council Member Levell, Council Member Holliday, and Mayor Pro Tem Warren, provided their Governing Body Announcements to be made part of the City’s record.

COUNCIL MEMBER' REQUESTS TO ADD ITEMS TO FUTURE AGENDAS Mayor Stone: Requested to bring back a discussion to mitigate traffic congestion. 73 City of Murrieta September 3, 2024

Consensus received
Mayor Stone: Requested to add a discussion item to a future agenda to hold a townhall meeting to provide residents with an update on the high-density affordable housing apartments.

City Manager Kim Summers provided a townhall meeting is already scheduled. Mayor Stone withdrew her request.

ADJOURNMENT 7:45 p.m.
_______________________________
Cristal McDonald, City Clerk
74 CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. 3.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Jennifer Terry, Finance Manager
SUBJECT:

Monthly Investment Transaction Report for July 2024

RECOMMENDATION
Receive and file the Monthly Investment Transaction Report for July 2024.

PRIOR ACTION/VOTE
None.

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
This report is filed with the City Council in compliance with Government Code Section 53607, which states that a monthly report of transactions related to the purchase, sale, or exchange of securities is made monthly to the legislative body. The City of Murrieta (City) has both long-term and short-term investments. The City’s managed investment portfolio is for longer-term investments and is managed by Chandler Asset Management.

The Local Agency Investment Fund (LAIF), managed by the California State Treasurer, is used for short-term investments and functions more like a savings account to facilitate cash flow.

This report includes funds under management from Chandler Asset Management, funds deposited with LAIF, and earnings from the Wells Fargo Cash Sweep Program. Bond funds held by the City’sTrustee are not included in this report but are on file and available upon request.

The transactions in the long-term investment portfolio for July 2024 include dispositions of $7,072,149.23 in cash, payables, receivables, maturities, and sales, which also consist of a withdrawal for bank fees.

Subsequently, these proceeds, dispositions, and monthly interest earnings were reinvested in security and money market fund purchases totaling $7,395,167.34.

The California State Treasurer allocates and reinvests LAIF interest earnings on a quarterly basis. Quarterly CITY OF MURRIETA Printed on 9/12/2024Page 1 of 2
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75 9/17/2024
Agenda Item No. 3.

The California State Treasurer allocates and reinvests LAIF interest earnings on a quarterly basis. Quarterly interest earnings are reflected in the statement one month following the end of the quarter. The Fourth Quarter Interest Earnings (period ending June 30) of $21,558.11 were deposited in the LAIF account.

As of July 31, 2024, the City’sTotal Ending Book Value (or what the City actually paid for the investments) for both investment accounts (long and short-term accounts) is $148,050,949.51. Both accounts combined had an overall increase of $374,387.97 or 0.25%, which includes any deposits, dispositions, applicable interest earning, and less any realized gain/loss or monthly fees charged to the account.

The City is also earning monthly dividends in the General Checking account. The Wells Fargo “CashSweep Program” allows the City to earn a return on uninvested cash balances in our General Checking Account by automatically "sweeping" cash balances into a Sweep investment vehicle until such balances are otherwise needed to satisfy obligations arising in the account.

The total earnings from the Cash Sweep Program for the month of July were $537,318.61.

Included are the investment portfolio accounts for Chandler for the month of July (Attachment 1), along with the regular monthly statement for LAIF (Attachment 2), which lists all transactions associated with the respective accounts. In addition, Attachment 3 provides a summary of daily transactions for the Wells Fargo Cash Sweep Program.

This report also includes a statement of compliance with state law and the City’sinvestment policy for the various investment categories.

FISCAL IMPACT
The recommended action has no fiscal impact. Interest earnings projections are included in the Fiscal Year 2024/25 Operating Budget.

ATTACHMENTS

1. Chandler Asset Management Monthly Account Statement for July 2024

2. Local Agency Investment Fund (LAIF) July 2024

3. Wells Fargo Cash Sweep Program July 2024 Statement
CITY OF MURRIETA Printed on 9/12/2024Page 2 of 2
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76 MONTHLY ACCOUNT STATEMENT
Murrieta Consolidated | Account # | As of July 31, 2024 We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team: Custodian:

US Bank
77 | 2
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Average Modified Duration 1.67
Average Coupon 3.00%
Average Purchase YTM 3.79%
Average Market YTM 4.65%
Average Quality AA+
Average Final Maturity 1.89
Average Life 1.72
Beg. Values as of
07/01/2024
End Values as of
07/31/2024
Market Value 144,963,242.63 146,538,319.10
Accrued Interest 987,598.29 1,035,292.64
Total Market Value 145,950,840.92 147,573,611.74
Income Earned 293,199.48 443,672.23
Cont/WD 0.00 0.00
Par 148,209,331.41 148,682,887.17
Book Value 145,765,887.65 146,118,717.52
Cost Value 145,765,887.65 146,118,717.52
United States 38.85%
Federal Home Loan Banks 11.14%
Farm Credit System 8.75%
FHLMC 6.39%
Toyota Motor Corporation 2.01%
Mitsubishi UFJ Financial Group, Inc. 1.79%
Royal Bank of Canada 1.52%
Coöperatieve Rabobank U.A. 1.37%
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch 78 | 3
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 6.4 Compliant
Max % Issuer (MV) 30.0 6.4 Compliant
Max Maturity (Years) 5.0 4.1 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 6.0 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE (CDARS)
Max % (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 3.1 Compliant
Max % Issuer (MV) 5.0 1.8 Compliant
Max Maturity (Days) 270 216 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 22.8 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 5 3 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
79 | 4
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 19.9 Compliant
Max % Issuer (MV) 30.0 11.2 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 4 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.2 Compliant
Max % Issuer (MV) 10.0 0.2 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUTUAL FUNDS
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 1.4 Compliant
Max % Issuer (MV) 5.0 1.4 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.4 Compliant
Max % Issuer (MV) 10.0 1.1 Compliant
Max Maturity (Years) 5 3 Compliant
80 | 5
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 38.8 Compliant
Max Maturity (Years) 5 4 Compliant
81 | 6
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Book Value 145,765,887.65 143,961,028.08
Maturities/Calls (3,950,000.00) (36,320,000.00)
Principal Paydowns (193,674.32) (2,053,419.74)
Purchases 7,395,167.34 71,969,269.64
Sales (2,855,920.14) (31,389,171.10)
Change in Cash, Payables, Receivables (72,554.77) (71,602.65) Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 29,811.75 22,613.29
Ending Book Value 146,118,717.52 146,118,717.52
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Market Value 144,963,242.63 142,893,927.50
Maturities/Calls (3,950,000.00) (36,320,000.00)
Principal Paydowns (193,674.32) (2,053,419.74)
Purchases 7,395,167.34 71,969,269.64
Sales (2,855,920.14) (31,389,171.10)
Change in Cash, Payables, Receivables (72,554.77) (71,602.65) Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 1,222,246.61 1,486,702.17 Realized Gain (Loss) 29,811.75 22,613.29
Ending Market Value 146,538,319.10 146,538,319.10
Maturities / Calls
Month to Date (3,950,000.00)
Fiscal Year to Date (36,320,000.00)
Principal Paydowns
Month to Date (193,674.32)
Fiscal Year to Date (2,053,419.74)
Purchases
Month to Date 7,395,167.34
Fiscal Year to Date 71,969,269.64
Sales
Month to Date (2,855,920.14)
Fiscal Year to Date (31,389,171.10)
Interest Received
Month to Date 406,848.02
Fiscal Year to Date 2,311,248.79
Purchased / Sold Interest
Month to Date (10,870.14)
Fiscal Year to Date (101,996.99)
82 | 7
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
47788UAC6 JDOT 2021 A3 0.36 09/15/2025 23,522.52 03/02/2021

0.36%
23,518.00
23,518.00

99.60 4.38%
23,427.45

3.76 0.02%
(90.55)
Aaa/NA
AAA

1.13 0.10
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 121,828.62 02/07/2023

5.16%
121,825.71
121,825.71

99.90 5.46%
121,701.89
104.77

0.08%
(123.83)
Aaa/AAA
NA

1.32 0.38
44934KAC8 HART 2021-B A3 0.38
01/15/2026 123,232.05 07/20/2021

0.38%
123,204.85
123,204.85

99.30 3.63%
122,370.47

20.81 0.08%
(834.38)
NA/AAA
AAA

1.46 0.21
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 117,899.20 11/16/2021

0.89%
117,874.35
117,874.35

98.20 4.47%
115,773.89

28.82 0.08%
(2,100.46)
Aaa/NA
AAA

1.48 0.50
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 111,764.83 07/13/2021

0.52%
111,754.86
111,754.86

98.35 4.58%
109,925.01

25.83 0.08%
(1,829.85)
Aaa/NA
AAA

1.62 0.40
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026 302,274.62 08/15/2022

3.73%
302,256.61
302,256.61

99.03 5.00%
299,355.37
407.15

0.20%
(2,901.24)
NA/AAA
AAA

1.97 0.78
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 199,865.36 05/10/2022

3.21%
199,854.97
199,854.97

98.88 4.69%
197,636.40
106.93

0.13%
(2,218.57)
Aaa/AAA
NA

2.07 0.77
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 210,854.84 03/10/2022

2.33%
210,808.20
210,808.20

98.36 5.05%
207,394.12
217.41

0.14%
(3,414.08)
Aaa/NA
AAA

2.13 0.60
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 101,685.17 10/13/2021

0.68%
101,682.58
101,682.58

97.95 3.91%
99,599.30

28.81 0.07%
(2,083.28)
Aaa/AAA
NA

2.13 0.64
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 105,495.80 01/11/2022

1.26%
105,486.64
105,486.64

98.07 3.99%
103,463.93

55.39 0.07%
(2,022.70)
NA/AAA
AAA

2.30 0.71
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026 280,000.00 08/08/2023

5.38%
279,966.43
279,966.43
100.28

5.22%
280,789.38
460.29

0.19%
822.95
NA/AAA
AAA

2.31 1.14
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 455,000.00 02/08/2024

5.09%
454,943.13
454,943.13
100.15

5.11%
455,678.00
707.65

0.31%
734.87
NA/AAA
AAA

2.64 1.58
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027 1,000,000.00 06/20/2024

5.19%
994,687.50
994,687.50
100.08

5.05%
1,000,808.80
830.00

0.68%
6,121.30
Aaa/AAA
NA

2.65 1.53
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027 289,590.48 07/06/2022

3.64%
289,588.48
289,588.48

98.91 4.79%
286,433.19
439.21

0.20%
(3,155.29)
Aaa/NA
AAA

2.71 0.97
02582JJT8 AMXCA 2022-2 A 05/17/2027 905,000.00 05/17/2022

3.40%
904,799.81
904,799.81

98.62 5.21%
892,528.56
1,363.53

0.61%
(12,271.25)
NA/AAA
AAA

0.79 0.76
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 350,000.00 05/17/2024

5.32%
349,959.05
349,959.05
101.20

4.86%
354,201.02
827.56

0.24%
4,241.97
Aaa/NA
AAA

3.47 1.93
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 1,250,000.00 02/13/2024

5.21%
1,249,945.63
1,249,945.63
100.82

4.98%
1,260,286.13
2,894.44

0.86%
10,340.50
Aaa/AAA
NA

4.04 2.36
83 | 8
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 09/07/2023

5.17%
1,319,634.10
1,319,634.10
101.16

4.72%
1,335,377.21
3,027.20

0.91%
15,743.11
NR/AAA
AAA

4.13 1.96
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 335,000.00 03/11/2024

4.96%
334,981.24
334,981.24
100.63

4.80%
337,104.10
738.49

0.23%
2,122.86
Aaa/NA
AAA

4.29 2.01
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 600,000.00 06/04/2024

5.24%
599,908.86
599,908.86
101.11

4.79%
606,658.44
518.00

0.41%
6,749.58
Aaa/AAA
NA

4.57 2.05
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
101.93

4.62%
652,326.72
1,487.64

0.45%
12,457.92
NA/AAA
AAA

4.71 2.47
Total ABS 8,843,013.48 4.51%
8,836,549.79
8,836,549.79
100.24

4.88%
8,862,839.37
14,293.70

6.05%
26,289.58
Aaa/AAA
AAA

3.13 1.60
AGENCY
3130AQF40 FEDERAL HOME LOAN BANKS 1.0
12/20/2024 1,400,000.00 12/21/2021

1.03%
1,398,768.00
1,398,768.00

98.47 5.04%
1,378,541.07
1,594.44

0.94%
(20,226.93)
Aaa/AA+
AA+

0.39 0.38
3133ENKS8

FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.125
01/06/2025
755,000.00 01/06/2022

1.20%
753,301.25
753,301.25

98.30 5.15%
742,186.97
589.84

0.51%
(11,114.28)
Aaa/AA+
AA+

0.44 0.42
3133ENPG9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.75 02/14/2025 1,200,000.00 02/25/2022

1.82%
1,197,456.00
1,197,456.00

98.35 4.91%
1,180,149.78
9,741.67

0.81%
(17,306.22)
Aaa/AA+
AA+

0.54 0.52
3133EPW68

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.125
01/22/2026
1,400,000.00 01/24/2024

4.40%
1,392,860.00
1,392,860.00

99.42 4.54%
1,391,833.03
1,443.75

0.95%
(1,026.97)
Aaa/AA+
AA+

1.48 1.41
3133ERDZ1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 05/08/2026 1,000,000.00 05/20/2024

4.87%
997,690.00
997,690.00
100.62

4.38%
1,006,204.43
10,951.39

0.69%
8,514.43
Aaa/AA+
AA+

1.77 1.66
3130AWLZ1 FEDERAL HOME LOAN BANKS

4.75 06/12/2026 2,000,000.00 08/16/2023

4.78%
1,998,620.00
1,998,620.00
100.77

4.31%
2,015,356.00
12,930.56

1.38%
16,736.00
Aaa/AA+
AA+

1.87 1.76
3133EPZY4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 5.0 07/30/2026 2,000,000.00 11/09/2023

4.85%
2,007,480.00
2,007,480.00
101.30

4.31%
2,026,032.28
277.78

1.38%
18,552.28
Aaa/AA+
AA+

2.00 1.89
3133EPSW6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 08/14/2026 2,405,000.00 08/09/2023

4.58%
2,399,468.50
2,399,468.50
100.56

4.21%
2,418,373.44
50,204.38

1.65%
18,904.94
Aaa/AA+
AA+

2.04 1.89
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 4,500,000.00 --

4.81%
4,476,030.00
4,476,030.00
100.64

4.30%
4,529,006.69
80,937.50

3.09%
52,976.69
Aaa/AA+
AA+

2.11 1.96
3130AXU63 FEDERAL HOME LOAN BANKS

4.625 11/17/2026 1,750,000.00 11/30/2023

4.53%
1,754,427.50
1,754,427.50
100.89

4.21%
1,765,616.48
16,637.15

1.20%
11,188.97
Aaa/AA+
AA+

2.30 2.14
3130AYPN0 FEDERAL HOME LOAN BANKS

4.125 01/15/2027 2,000,000.00 01/30/2024

4.21%
1,995,560.00
1,995,560.00

99.97 4.14%
1,999,414.62
3,666.67

1.36%
3,854.62
Aaa/AA+
AA+

2.46 2.31
84 | 9
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3133EP6K6 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 03/26/2027 1,000,000.00 04/08/2024

4.66%
995,520.00
995,520.00
100.78

4.18%
1,007,794.22
15,625.00

0.69%
12,274.22
Aaa/AA+
AA+

2.65 2.44
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027 1,500,000.00 04/10/2024

4.84%
1,496,115.00
1,496,115.00
101.72

4.07%
1,525,819.85
21,770.83

1.04%
29,704.85
Aaa/AA+
AA+

2.69 2.47
3133ERFJ5 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 05/20/2027 1,000,000.00 05/20/2024

4.69%
994,830.00
994,830.00
100.96

4.13%
1,009,610.34
8,875.00

0.69%
14,780.34
Aaa/AA+
AA+

2.80 2.59
3130AVVX7 FEDERAL HOME LOAN BANKS

3.75 06/09/2028 1,120,000.00 06/07/2023

4.00%
1,107,243.20
1,107,243.20

99.01 4.03%
1,108,945.62
6,066.67

0.76%
1,702.42
Aaa/AA+
AA+

3.86 3.53
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 2,000,000.00 07/06/2023

4.49%
1,956,940.00
1,956,940.00

99.91 4.03%
1,998,105.80
11,555.56

1.36%
41,165.80
Aaa/AA+
AA+

3.86 3.52
3133EPWK7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.5 09/22/2028 2,000,000.00 10/12/2023

4.71%
1,981,460.00
1,981,460.00
101.79

4.03%
2,035,749.06
32,250.00

1.39%
54,289.06
Aaa/AA+
AA+

4.15 3.70
Total Agency 29,030,000.00 4.26%
28,903,769.45
28,903,769.45
100.38

4.30%
29,138,739.66
285,118.18

19.88%
234,970.21
Aaa/AA+
AA+

2.29 2.11

AGENCY CMBS
3137BM7C4 FHMS K-051 A2 3.308
09/25/2025 1,223,000.00 06/23/2022

3.30%
1,220,420.23
1,220,420.23

98.13 5.02%
1,200,098.47
3,371.40

0.82%
(20,321.76)
Aaa/AA+
AAA

1.15 1.00
3137BSP72 FHMS K-058 A2 2.653
08/25/2026 2,000,000.00 02/09/2023

4.27%
1,890,546.88
1,890,546.88

96.24 4.65%
1,924,779.80
4,421.67

1.31%
34,232.92
Aaa/AA+
AAA

2.07 1.93
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026 886,339.56 09/22/2022

4.23%
854,521.36
854,521.36

97.12 4.75%
860,854.02
2,472.15

0.59%
6,332.66
Aaa/AA+
AAA

2.32 2.07
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 862,000.00 --

4.03%
839,600.51
839,600.51

97.41 4.64%
839,653.77
2,463.88

0.57%

53.26 Aaa/AA+
AAA

2.49 2.20
3137F1G44 FHMS K-065 A2 3.243
04/25/2027 1,000,000.00 09/19/2022

4.02%
965,468.75
965,468.75

96.76 4.60%
967,599.10
2,702.50

0.66%
2,130.35
Aaa/AA+
AAA

2.73 2.48
3137FBU79 FHMS K-069 A2 3.187
09/25/2027 1,249,554.59 05/18/2023

4.13%
1,200,304.57
1,200,304.57

96.39 4.52%
1,204,459.29
3,318.61

0.82%
4,154.71
Aaa/AAA
AA+

3.15 2.83
3137F4X72 FHMS K-075 A2 3.65 02/25/2028 1,165,000.00 09/14/2023

4.83%
1,107,478.13
1,107,478.13

97.37 4.53%
1,134,344.77
3,543.54

0.77%
26,866.64
Aaa/AA+
AAA

3.57 3.25
3137FJEH8
FHMS K-081 A2 3.9 08/25/2028 1,250,000.00 05/28/2024

4.94%
1,197,265.63
1,197,265.63

98.10 4.50%
1,226,224.13
4,062.50

0.84%
28,958.50
Aaa/AA+
AAA

4.07 3.66
Total Agency
CMBS 9,635,894.14 4.23%
9,275,606.06
9,275,606.06

97.12 4.65%
9,358,013.34
26,356.25

6.39%
82,407.28
Aaa/AA+
AAA

2.66 2.41
CASH
85 | 10
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 764.99 --

0.00%
764.99
764.99

1.00 0.00%
764.99

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 2,168.28 --

0.00%
2,168.28
2,168.28

1.00 0.00%
2,168.28

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 2,933.27 0.00%
2,933.27
2,933.27

1.00 0.00%
2,933.27

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00

COMMERCIAL
PAPER
89233GNX0 Toyota Motor Credit Corporation
01/31/2025 2,000,000.00 05/21/2024

5.42%
1,925,625.00
1,925,625.00

97.44 5.39%
1,948,706.00

0.00 1.33%
23,081.00
P-1/A-1+
F1

0.50 0.49
62479LQ40 MUFG Bank, Ltd. - New York
Branch 03/04/2025 2,700,000.00 06/07/2024

5.36%
2,594,902.50
2,594,902.50

96.95 5.36%
2,617,725.60

0.00 1.79%
22,823.10
P-1/NR
NA

0.59 0.58
Total Commercial
Paper 4,700,000.00 5.39%
4,520,527.50
4,520,527.50

97.16 5.37%
4,566,431.60

0.00 3.12%
45,904.10
P-1/AAA
A+

0.55 0.54

CORPORATE
69371RR40 PACCAR FINANCIAL CORP 0.5
08/09/2024 245,000.00 08/03/2021

0.52%
244,867.70
244,867.70

99.89 5.56%
244,724.08
585.28

0.17%
(143.62)
A1/A+
NA

0.02 0.02
78016EYM3 ROYAL BANK OF CANADA 1.6
01/21/2025 1,000,000.00 01/12/2022

1.60%
1,000,000.00
1,000,000.00

98.38 5.12%
983,780.86
444.44

0.67%
(16,219.14)
A1/A
AA-

0.48 0.46
06406RBC0 BANK OF NEW YORK MELLON
CORP 3.35 04/25/2025 900,000.00 04/19/2022

3.35%
899,874.00
899,874.00

98.66 5.24%
887,900.27
8,040.00

0.61%
(11,973.74)
A1/A
AA-

0.73 0.71
14913R2V8 CATERPILLAR FINANCIAL
SERVICES CORP 3.4 05/13/2025 480,000.00 05/10/2022

3.44%
479,390.40
479,390.40

98.77 5.02%
474,076.20
3,536.00

0.32%
(5,314.20)
A2/A
A+

0.78 0.76
438516CB0 HONEYWELL INTERNATIONAL
INC 1.35 06/01/2025 1,000,000.00 03/09/2022

2.31%
970,280.00
970,280.00

97.04 5.01%
970,444.27
2,250.00

0.66%
164.27
A2/A
A

0.84 0.81
89115A2A9 TORONTO-DOMINION BANK

3.766 06/06/2025 1,000,000.00 06/02/2022

3.70%
1,001,830.00
1,001,830.00

98.87 5.13%
988,740.82
5,753.61

0.67%
(13,089.18)
A1/A
NA

0.85 0.82
63743HFE7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

3.45 06/15/2025
1,105,000.00 --

3.61%
1,099,973.65
1,099,973.65

98.56 5.15%
1,089,105.41
4,871.21

0.74%
(10,868.24)
A2/A-
A

0.87 0.84
14913R2Z9 CATERPILLAR FINANCIAL
SERVICES CORP 3.65 08/12/2025 1,375,000.00 08/08/2022

3.69%
1,373,336.25
1,373,336.25

98.72 4.93%
1,357,452.99
23,560.24

0.93%
(15,883.26)
A2/A
A+

1.03 0.98
26442UAA2 DUKE ENERGY PROGRESS LLC

3.25 08/15/2025 1,000,000.00 06/23/2022

3.57%
990,710.00
990,710.00

98.32 4.93%
983,169.56
14,986.11

0.67%
(7,540.44)
Aa3/A
WR

1.04 0.99
86 | 11
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
437076CR1 HOME DEPOT INC 4.0
09/15/2025 1,000,000.00 09/14/2022

4.13%
996,380.00
996,380.00

99.13 4.80%
991,293.81
15,111.11

0.68%
(5,086.19)
A2/A
A

1.13 1.07
023135CN4 AMAZON.COM INC 4.6
12/01/2025 425,000.00 11/29/2022

4.60%
424,974.50
424,974.50

99.98 4.61%
424,920.46
3,258.33

0.29%
(54.04)
A1/AA
AA-

1.34 1.27
857477BR3 STATE STREET CORP 1.746
02/06/2026 335,000.00 02/02/2022

1.75%
335,000.00
335,000.00

98.16 5.66%
328,833.45
2,843.31

0.22%
(6,166.55)
A1/A
AA-

1.52 0.50
037833BY5 APPLE INC 3.25 02/23/2026 1,000,000.00 02/22/2023

4.72%
959,390.00
959,390.00

98.02 4.58%
980,230.61
14,263.89

0.67%
20,840.61
Aaa/AA+
NA

1.57 1.48
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026 750,000.00 04/04/2023

4.52%
749,482.50
749,482.50

99.62 4.73%
747,130.70
10,406.25

0.51%
(2,351.81)
Aa3/AA+
AA+

1.69 1.59
00440EAV9 CHUBB INA HOLDINGS LLC 3.35
05/03/2026 1,000,000.00 09/13/2023

5.23%
954,220.00
954,220.00

97.59 4.79%
975,899.04
8,188.89

0.67%
21,679.04
A3/A
A

1.76 1.67
58989V2F0 MET TOWER GLOBAL FUNDING

5.4 06/20/2026 1,000,000.00 06/12/2023

5.38%
1,000,440.00
1,000,440.00
100.96

4.86%
1,009,569.26
6,150.00

0.69%
9,129.26
Aa3/AA-
AA-

1.89 1.77
61747YET8 MORGAN STANLEY 4.679
07/17/2026 1,000,000.00 09/14/2022

4.68%
994,030.00
994,030.00

99.39 6.19%
993,947.66
1,819.61

0.68%
(82.34)
A1/A-
A+

1.96 0.92
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00
100.98

4.54%
1,464,249.43
34,781.88

1.00%
12,324.43
A1/A+
NA

2.03 1.86
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026 1,000,000.00 09/13/2023

5.57%
998,810.00
998,810.00
101.54

4.73%
1,015,420.18
25,020.50

0.69%
16,610.18
Aa1/A+
AA

2.05 1.80
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
101.37

4.48%
517,001.24
5,880.94

0.35%
7,138.94
A1/A+
NA

2.28 2.03
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 1,575,000.00 --

5.08%
1,576,460.00
1,576,460.00
100.88

4.71%
1,588,871.59
11,848.81

1.08%
12,411.59
Aa2/A+
AA

2.36 2.11
24422EXF1 JOHN DEERE CAPITAL CORP 4.5
01/08/2027 1,000,000.00 01/10/2024

4.52%
999,460.00
999,460.00
100.07

4.47%
1,000,724.84
2,875.00

0.68%
1,264.84
A1/A
A+

2.44 2.28
78016HZT0 ROYAL BANK OF CANADA 4.875
01/19/2027 1,245,000.00 01/10/2024

4.88%
1,244,688.75
1,244,688.75
100.45

4.68%
1,250,652.25
2,023.13

0.85%
5,963.50
A1/A
AA-

2.47 2.30
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027 1,500,000.00 02/29/2024

4.78%
1,500,810.00
1,500,810.00
100.84

4.45%
1,512,542.63
31,000.00

1.03%
11,732.63
A1/AA-
NA

2.57 2.28
857477CL5 STATE STREET CORP 4.993
03/18/2027 1,210,000.00 03/13/2024

4.99%
1,210,000.00
1,210,000.00
101.00

4.58%
1,222,124.48
22,320.10

0.83%
12,124.48
A1/A
AA-

2.63 2.33
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

98.67 4.51%
986,726.89
9,000.00

0.67%
(3,733.11)
A2/A+
A+

2.77 2.57
009158AY2 AIR PRODUCTS AND CHEMICALS
INC 1.85 05/15/2027 1,500,000.00 02/09/2024

4.71%
1,371,945.00
1,371,945.00

93.06 4.53%
1,395,918.96
5,858.33

0.95%
23,973.96
A2/A
NA

2.79 2.66
87 | 12
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60
101.11

4.46%
748,250.15
3,607.50

0.51%
9,704.55
A2/A
A

2.90 2.60
09290DAH4 BLACKROCK FUNDING INC 4.6
07/26/2027 750,000.00 07/18/2024

4.57%
750,645.00
750,645.00
100.62

4.38%
754,638.06
479.17

0.51%
3,993.06
Aa3/AA-
NA

2.99 2.69
023135BC9 AMAZON.COM INC 3.15
08/22/2027 1,000,000.00 07/30/2024

4.55%
960,450.00
960,450.00

96.41 4.42%
964,102.12
13,912.50

0.66%
3,652.12
A1/AA
AA-

3.06 2.83
89236TKJ3 TOYOTA MOTOR CREDIT CORP

4.55 09/20/2027 1,000,000.00 06/20/2024

4.89%
989,900.00
989,900.00
100.05

4.53%
1,000,480.74
16,556.94

0.68%
10,580.74
A1/A+
A+

3.14 2.85
91324PDE9 UNITEDHEALTH GROUP INC 2.95
10/15/2027 1,250,000.00 07/30/2024

4.60%
1,189,300.00
1,189,300.00

95.41 4.50%
1,192,643.00
10,857.64

0.81%
3,343.00
A2/A+
A

3.21 2.98
74456QBU9 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.7 05/01/2028 750,000.00 06/22/2023

4.79%
715,005.00
715,005.00

97.03 4.57%
727,734.13
6,937.50

0.50%
12,729.13
A1/A
WR

3.75 3.42
341081GN1 FLORIDA POWER & LIGHT CO 4.4
05/15/2028 1,500,000.00 05/22/2023

4.64%
1,484,025.00
1,484,025.00

99.58 4.52%
1,493,733.86
13,933.33

1.02%
9,708.86
Aa2/A+
AA-

3.79 3.42
Total Corporate 33,595,000.00 4.36%
33,156,470.65
33,156,470.65

99.06 4.76%
33,267,033.98
342,961.56

22.70%
110,563.33
A1/A+
A+

2.08 1.87

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 152,218.02 --

5.18%
152,218.02
152,218.02

1.00 5.18%
152,218.02

0.00 0.10%

0.00 Aaa/
AAAm
AAA

0.00 0.00
31846V567 FIRST AMER:GVT OBLG Z 188,828.26 --

5.18%
188,828.26
188,828.26

1.00 5.18%
188,828.26

0.00 0.13%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 341,046.28 5.18%
341,046.28
341,046.28

1.00 5.18%
341,046.28

0.00 0.23%

0.00 Aaa/
AAAm
AAA

0.00 0.00

NEGOTIABLE CD
21684XH82
COÖPERATIEVE RABOBANK
U.A., NEW YORK BRANCH 5.9
09/06/2024
2,000,000.00 09/13/2023

5.90%
1,999,872.84
1,999,872.84
100.05

5.11%
2,001,026.00
107,838.89

1.37%
1,153.16
P-1/A-1
F1+

0.10 0.10
Total Negotiable
CD 2,000,000.00 5.90%
1,999,872.84
1,999,872.84
100.05

5.11%
2,001,026.00
107,838.89

1.37%
1,153.16
P-1/A-1
F1+

0.10 0.10
88 | 13
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration

SUPRANATIONAL
4581X0DZ8

INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
1,585,000.00 09/15/2021

0.52%
1,583,827.10
1,583,827.10

99.28 5.49%
1,573,651.80
2,817.78

1.07%
(10,175.30)
Aaa/AAA
NA

0.15 0.14
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
500,000.00 07/24/2023

4.26%
483,115.00
483,115.00

97.95 4.07%
489,753.64
923.61

0.33%
6,638.64
Aaa/AAA
NA

3.95 3.64
Total
Supranational 2,085,000.00 1.41%
2,066,942.10
2,066,942.10

98.97 5.15%
2,063,405.43
3,741.39

1.41%
(3,536.67)
Aaa/AAA
NA

1.05 0.97

US TREASURY
91282CCT6 UNITED STATES TREASURY 0.375
08/15/2024 2,000,000.00 08/26/2021

0.46%
1,995,234.38
1,995,234.38

99.81 5.07%
1,996,134.86
3,461.54

1.36%
900.48
Aaa/AA+
AA+

0.04 0.04
91282CCX7 UNITED STATES TREASURY 0.375
09/15/2024 1,800,000.00 09/10/2021

0.44%
1,796,484.38
1,796,484.38

99.38 5.33%
1,788,914.07
2,549.59

1.22%
(7,570.31)
Aaa/AA+
AA+

0.13 0.12
912797KU0 UNITED STATES TREASURY
10/17/2024 2,000,000.00 04/22/2024

5.37%
1,949,235.42
1,949,235.42

98.90 5.21%
1,977,971.58

0.00 1.35%
28,736.16
P-1/A-1+
F1+

0.21 0.21
912828YM6 UNITED STATES TREASURY 1.5
10/31/2024 1,700,000.00 09/24/2021

0.55%
1,749,273.44
1,749,273.44

99.06 5.29%
1,684,009.38
6,444.29

1.15%
(65,264.07)
Aaa/AA+
AA+

0.25 0.25
912797MA2 UNITED STATES TREASURY
11/05/2024 2,750,000.00 07/10/2024

5.36%
2,703,547.34
2,703,547.34

98.63 5.21%
2,712,457.00

0.00 1.85%
8,909.66
P-1/A-1+
F1+

0.27 0.26
91282CDH1 UNITED STATES TREASURY 0.75
11/15/2024 2,000,000.00 11/29/2021

0.81%
1,996,328.13
1,996,328.13

98.71 5.23%
1,974,265.62
3,179.35

1.35%
(22,062.51)
Aaa/AA+
AA+

0.29 0.29
91282CDN8 UNITED STATES TREASURY 1.0
12/15/2024 900,000.00 12/29/2021

0.99%
900,386.72
900,386.72

98.48 5.12%
886,352.35
1,155.74

0.60%
(14,034.37)
Aaa/AA+
AA+

0.38 0.37
912828Z52 UNITED STATES TREASURY 1.375
01/31/2025 2,000,000.00 06/04/2021

0.51%
2,062,500.00
2,062,500.00

98.20 5.07%
1,963,937.50

74.73 1.34%
(98,562.50)
Aaa/AA+
AA+

0.50 0.49
912828ZC7 UNITED STATES TREASURY 1.125
02/28/2025 1,200,000.00 02/09/2022

1.59%
1,183,359.38
1,183,359.38

97.79 5.01%
1,173,459.37
5,649.46

0.80%
(9,900.01)
Aaa/AA+
AA+

0.58 0.57
912828ZF0 UNITED STATES TREASURY 0.5
03/31/2025 2,000,000.00 03/03/2021

0.54%
1,997,031.25
1,997,031.25

97.13 4.93%
1,942,593.74
3,360.66

1.33%
(54,437.51)
Aaa/AA+
AA+

0.67 0.65
912828ZL7 UNITED STATES TREASURY 0.375
04/30/2025 2,000,000.00 04/12/2021

0.66%
1,977,343.75
1,977,343.75

96.70 4.92%
1,933,906.24
1,895.38

1.32%
(43,437.51)
Aaa/AA+
AA+

0.75 0.73
912828ZT0 UNITED STATES TREASURY 0.25
05/31/2025 1,800,000.00 10/14/2021

0.78%
1,765,757.81
1,765,757.81

96.26 4.88%
1,732,668.75
762.30

1.18%
(33,089.06)
Aaa/AA+
AA+

0.83 0.81
89 | 14
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CAB7 UNITED STATES TREASURY 0.25
07/31/2025 2,000,000.00 12/02/2021

1.06%
1,942,031.25
1,942,031.25

95.68 4.72%
1,913,625.00

13.59 1.31%
(28,406.25)
Aaa/AA+
AA+

1.00 0.98
91282CAJ0 UNITED STATES TREASURY 0.25
08/31/2025 1,000,000.00 03/22/2022

2.42%
928,828.13
928,828.13

95.34 4.71%
953,359.38
1,046.20

0.65%
24,531.25
Aaa/AA+
AA+

1.08 1.06
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 3,250,000.00 --

2.90%
3,259,882.81
3,259,882.81

98.15 4.64%
3,189,951.18
32,766.39

2.18%
(69,931.63)
Aaa/AA+
AA+

1.17 1.12
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025 2,500,000.00 06/23/2022

3.02%
2,498,632.81
2,498,632.81

98.07 4.61%
2,451,660.15
18,953.80

1.67%
(46,972.66)
Aaa/AA+
AA+

1.25 1.20
912828M56 UNITED STATES TREASURY 2.25
11/15/2025 2,500,000.00 06/23/2022

3.11%
2,431,152.34
2,431,152.34

97.13 4.57%
2,428,125.00
11,922.55

1.66%
(3,027.34)
Aaa/AA+
AA+

1.29 1.25
9128285T3 UNITED STATES TREASURY 2.625
12/31/2025 2,500,000.00 09/14/2022

3.76%
2,412,792.97
2,412,792.97

97.43 4.52%
2,435,742.20
5,706.52

1.66%
22,949.23
Aaa/AA+
AA+

1.42 1.37
9128286L9 UNITED STATES TREASURY 2.25
03/31/2026 2,500,000.00 09/14/2022

3.74%
2,377,832.03
2,377,832.03

96.57 4.40%
2,414,355.48
18,903.69

1.65%
36,523.45
Aaa/AA+
AA+

1.67 1.60
91282CGV7 UNITED STATES TREASURY 3.75
04/15/2026 2,000,000.00 03/20/2024

4.63%
1,965,703.13
1,965,703.13

98.96 4.38%
1,979,296.88
22,131.15

1.35%
13,593.75
Aaa/AA+
AA+

1.71 1.62
912828U24 UNITED STATES TREASURY 2.0
11/15/2026 3,000,000.00 09/13/2023

4.66%
2,767,031.25
2,767,031.25

95.28 4.18%
2,858,437.50
12,717.39

1.95%
91,406.25
Aaa/AA+
AA+

2.29 2.19
912828YX2 UNITED STATES TREASURY 1.75
12/31/2026 1,750,000.00 12/27/2023

3.96%
1,641,240.23
1,641,240.23

94.52 4.16%
1,654,091.79
2,663.04

1.13%
12,851.56
Aaa/AA+
AA+

2.42 2.32
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 2,500,000.00 11/17/2022

4.02%
2,349,414.06
2,349,414.06

96.03 4.09%
2,400,683.60
21,004.10

1.64%
51,269.54
Aaa/AA+
AA+

2.67 2.52
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,300,000.00 12/12/2022

3.87%
1,266,687.50
1,266,687.50

97.79 4.06%
1,271,257.81
3,673.91

0.87%
4,570.31
Aaa/AA+
AA+

2.91 2.74
91282CFB2 UNITED STATES TREASURY 2.75
07/31/2027 2,000,000.00 07/26/2023

4.30%
1,887,109.38
1,887,109.38

96.30 4.07%
1,926,015.62
149.46

1.31%
38,906.24
Aaa/AA+
AA+

3.00 2.84
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 2,500,000.00 01/24/2023

3.65%
2,445,117.19
2,445,117.19

97.31 4.06%
2,432,812.50
32,693.61

1.66%
(12,304.69)
Aaa/AA+
AA+

3.08 2.87
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,600,000.00 02/22/2023

4.19%
1,595,500.00
1,595,500.00
100.26

4.03%
1,604,187.50
22,180.33

1.09%
8,687.50
Aaa/AA+
AA+

3.17 2.90
9128283F5 UNITED STATES TREASURY 2.25
11/15/2027 1,400,000.00 06/07/2023

4.05%
1,298,937.50
1,298,937.50

94.52 4.05%
1,323,218.75
6,676.63

0.90%
24,281.25
Aaa/AA+
AA+

3.29 3.11
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 2,000,000.00 04/22/2024

4.72%
1,870,625.00
1,870,625.00

96.67 3.98%
1,933,359.38
13,247.28

1.32%
62,734.38
Aaa/AA+
AA+

4.29 3.94
Total US Treasury 58,450,000.00 2.91%
57,014,999.58
57,014,999.58

97.43 4.62%
56,936,850.17
254,982.68

38.85%
(78,149.41)
Aaa/AA+
AA+

1.48 1.40
90 | 15
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Portfolio 148,682,887.17 3.79%
146,118,717.52
146,118,717.52

98.36 4.65%
146,538,319.10
1,035,292.64
100.00%
419,601.58
Aa2/AA
AA

1.89 1.67
Total Market
Value + Accrued 147,573,611.74
91 | 16
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 07/01/2024 31846V567 69,250.00 FIRST AMER:GVT OBLG Z 1.000 5.17% (69,250.00) 0.00 (69,250.00) 0.00 Purchase 07/02/2024 31846V567 5,200.40 FIRST AMER:GVT OBLG Z 1.000 5.19% (5,200.40) 0.00 (5,200.40) 0.00 Purchase 07/02/2024 31846V567 1,037.64 FIRST AMER:GVT OBLG Z 1.000 5.19% (1,037.64) 0.00 (1,037.64) 0.00 Purchase 07/08/2024 31846V567 26,746.88 FIRST AMER:GVT OBLG Z 1.000 5.16% (26,746.88) 0.00 (26,746.88) 0.00 Purchase 07/11/2024 31846V567 46,452.66 FIRST AMER:GVT OBLG Z 1.000 5.18% (46,452.66) 0.00 (46,452.66) 0.00 Purchase 07/11/2024 912797MA2 2,750,000.00 UNITED STATES TREASURY 11/05/2024 98.311 5.36% (2,703,547.34) 0.00 (2,703,547.34) 0.00 Purchase 07/12/2024 31846V567 8,750.00 FIRST AMER:GVT OBLG Z 1.000 5.18% (8,750.00) 0.00 (8,750.00) 0.00 Purchase 07/15/2024 31846V567 330,260.12 FIRST AMER:GVT OBLG Z 1.000 5.19% (330,260.12) 0.00 (330,260.12) 0.00 Purchase 07/15/2024 31846V567 13,833.86 FIRST AMER:GVT OBLG Z 1.000 5.19% (13,833.86) 0.00 (13,833.86) 0.00 Purchase 07/16/2024 31846V567 37,250.12 FIRST AMER:GVT OBLG Z 1.000 5.19% (37,250.12) 0.00 (37,250.12) 0.00 Purchase 07/17/2024 31846V567 23,395.00 FIRST AMER:GVT OBLG Z 1.000 5.19% (23,395.00) 0.00 (23,395.00) 0.00
Purchase 07/18/2024 31846V567 24,242.22 FIRST AMER:GVT OBLG Z 1.000 5.18% (24,242.22) 0.00 (24,242.22) 0.00 Purchase 07/19/2024 31846V567 30,346.88 FIRST AMER:GVT OBLG Z 1.000 5.18% (30,346.88) 0.00 (30,346.88) 0.00 Purchase 07/22/2024 31846V567 54,117.67 FIRST AMER:GVT OBLG Z 1.000 5.18% (54,117.67) 0.00 (54,117.67) 0.00 Purchase 07/25/2024 31846V567 33,775.88 FIRST AMER:GVT OBLG Z 1.000 5.19% (33,775.88) 0.00 (33,775.88) 0.00 Purchase 07/25/2024 31846V567 36,565.67 FIRST AMER:GVT OBLG Z 1.000 5.19% (36,565.67) 0.00 (36,565.67) 0.00 Purchase 07/26/2024 09290DAH4 750,000.00 BLACKROCK FUNDING INC 4.6 07/26/2027 100.086 4.57% (750,645.00) 0.00 (750,645.00) 0.00 Purchase 07/30/2024 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 96.045 4.55% (960,450.00) (13,825.00) (974,275.00) 0.00 Purchase 07/30/2024 31846V567 1,050,000.00 FIRST AMER:GVT OBLG Z 1.000 5.18% (1,050,000.00) 0.00 (1,050,000.00) 0.00 Purchase 07/31/2024 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 95.144 4.60% (1,189,300.00) (10,857.64) (1,200,157.64) 0.00 Total Purchase 7,541,225.00 (7,395,167.34) (24,682.64) (7,419,849.98) 0.00 TOTAL
ACQUISITIONS 7,541,225.00 (7,395,167.34) (24,682.64) (7,419,849.98) 0.00

DISPOSITIONS
Maturity 07/11/2024 912797GB7 (2,750,000.00) UNITED STATES TREASURY 07/11/2024 100.000 0.00% 2,750,000.00 0.00 2,750,000.00 67,124.75 92 | 17
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Maturity 07/15/2024 79466LAG9 (200,000.00) SALESFORCE INC 0.625 07/15/2024 100.000 0.63% 200,000.00 0.00 200,000.00 102.00 Maturity 07/30/2024 91159HHX1 (1,000,000.00) US BANCORP 2.4 07/30/2024 100.000 2.40% 1,000,000.00 0.00 1,000,000.00 (41,550.00) Total Maturity (3,950,000.00) 3,950,000.00 0.00 3,950,000.00 25,676.75 Sale 07/26/2024 31846V567 (751,050.00) FIRST AMER:GVT OBLG Z 1.000 5.19% 751,050.00 0.00 751,050.00 0.00 Sale 07/30/2024 31846V567 (962,275.00) FIRST AMER:GVT OBLG Z 1.000 5.18% 962,275.00 0.00 962,275.00 0.00 Sale 07/31/2024 3130B0ZP7 (1,000,000.00) FEDERAL HOME LOAN BANKS 4.875 03/13/2026 100.448 4.85% 1,004,480.00 (13,812.50) 1,018,292.50 4,030.00 Sale 07/31/2024 31846V567 (138,115.14) FIRST AMER:GVT OBLG Z 1.000 5.19% 138,115.14 0.00 138,115.14 0.00 Total Sale (2,851,440.14) 2,855,920.14 (13,812.50) 2,869,732.64 4,030.00 TOTAL
DISPOSITIONS (6,801,440.14) 6,805,920.14 (13,812.50) 6,819,732.64 29,706.75 OTHER
Coupon 07/01/2024 3137BM7C4 0.00 FHMS K-051 A2 3.308
09/25/2025 3.30% 3,371.40 0.00 3,371.40 0.00
Coupon 07/01/2024 3137BSP72 0.00 FHMS K-058 A2 2.653
08/25/2026 4.27% 4,421.67 0.00 4,421.67 0.00
Coupon 07/01/2024 3137BTUM1 0.00 FHMS K-061 A2 3.347
11/25/2026 4.84% 2,477.20

0.00 2,477.20 0.00
Coupon 07/01/2024 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.41% 2,463.88 0.00 2,463.88 0.00
Coupon 07/01/2024 3137F1G44 0.00 FHMS K-065 A2 3.243
04/25/2027 4.02% 2,702.50 0.00 2,702.50 0.00
Coupon 07/01/2024 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.43% 3,319.79 0.00 3,319.79 0.00
Coupon 07/01/2024 3137F4X72 0.00 FHMS K-075 A2 3.65
02/25/2028 5.06% 3,543.54 0.00 3,543.54 0.00
Coupon 07/01/2024 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 4.96% 4,062.50 0.00 4,062.50 0.00
Coupon 07/06/2024 3133ENKS8 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

1.125 01/06/2025

1.20% 4,246.88 0.00 4,246.88 0.00
93 | 18
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 07/08/2024 24422EXF1 0.00 JOHN DEERE CAPITAL
CORP 4.5 01/08/2027 4.52% 22,500.00 0.00 22,500.00 0.00 Coupon 07/12/2024 459058KT9 0.00

INTERNATIONAL BANK

FOR RECONSTRUCTION
AND DEVELOPM 3.5
07/12/2028

4.26% 8,750.00 0.00 8,750.00 0.00
Coupon 07/15/2024 47788UAC6 0.00 JDOT 2021 A3 0.36
09/15/2025 0.36% 9.55 0.00 9.55 0.00
Coupon 07/15/2024 44933LAC7 0.00 HART 2021-A A3 0.38
09/15/2025 0.38% 4.38 0.00 4.38 0.00
Coupon 07/15/2024 79466LAG9 0.00 SALESFORCE INC 0.625
07/15/2024 0.63% 625.00 0.00 625.00 0.00
Coupon 07/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 52.88 0.00 52.88 0.00
Coupon 07/15/2024 44934KAC8 0.00 HART 2021-B A3 0.38
01/15/2026 0.38% 50.51 0.00 50.51 0.00
Coupon 07/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.33% 440.14 0.00 440.14 0.00
Coupon 07/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.17% 5,676.00 0.00 5,676.00 0.00
Coupon 07/15/2024 3130AYPN0 0.00 FEDERAL HOME LOAN
BANKS 4.125 01/15/2027 4.21% 38,041.67 0.00 38,041.67 0.00 Coupon 07/15/2024 437918AC9 0.00 HAROT 2024-1 A3 5.21
08/15/2028 5.21%
5,427.08 0.00 5,427.08 0.00
Coupon 07/15/2024 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.96% 1,384.67 0.00 1,384.67 0.00
Coupon 07/15/2024 02582JKH2 0.00 AMXCA 2024-1 A 5.23
04/16/2029 5.23% 2,789.33 0.00 2,789.33 0.00
Coupon 07/15/2024 58770JAD6 0.00 MBALT 2024-A A3 5.32
01/18/2028 5.32% 1,551.67 0.00 1,551.67 0.00
Coupon 07/15/2024 02582JJT8 0.00 AMXCA 2022-2 A
05/17/2027 3.40% 2,556.63 0.00 2,556.63 0.00
Coupon 07/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 63.36 0.00 63.36 0.00
94 | 19
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 07/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 120.96 0.00 120.96 0.00
Coupon 07/16/2024 36265WAD5 0.00 GMCAR 2022-3 A3 3.64
04/16/2027 3.64% 927.87 0.00 927.87 0.00
Coupon 07/17/2024 61747YET8 0.00 MORGAN STANLEY 4.679
07/17/2026 4.85% 23,395.00 0.00 23,395.00 0.00
Coupon 07/18/2024 43815PAC3 0.00 HAROT 2022-2 A3 3.73
07/20/2026 3.73% 1,011.78 0.00 1,011.78 0.00
Coupon 07/19/2024 78016HZT0 0.00 ROYAL BANK OF CANADA

4.875 01/19/2027 4.88% 30,346.88 0.00 30,346.88 0.00
Coupon 07/20/2024 379929AD4 0.00 GMALT 2023-3 A3 5.38
11/20/2026 5.38% 1,255.33 0.00 1,255.33 0.00
Coupon 07/20/2024 36269FAD8 0.00 GMALT 2024-1 A3 5.09
03/22/2027 5.09% 1,929.96 0.00 1,929.96 0.00
Coupon 07/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 96.70 0.00 96.70 0.00
Coupon 07/21/2024 78016EYM3 0.00 ROYAL BANK OF CANADA

1.6 01/21/2025 1.60% 8,000.00 0.00 8,000.00 0.00
Coupon 07/22/2024 3133EPW68 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.125 01/22/2026

4.40% 28,875.00 0.00 28,875.00 0.00
Coupon 07/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 582.55

0.00 582.55 0.00
Coupon 07/25/2024 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.16% 587.05 0.00 587.05 0.00
Coupon 07/25/2024 05611UAD5 0.00 BMWLT 2024-1 A3 4.98
03/25/2027 5.19% 4,150.00 0.00 4,150.00 0.00
Coupon 07/25/2024 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 3,798.67 0.00 3,798.67 0.00
Coupon 07/30/2024 91159HHX1 0.00 US BANCORP 2.4
07/30/2024 2.40% 12,000.00 0.00 12,000.00 0.00
Coupon 07/30/2024 3133EPZY4 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

5.0 07/30/2026

4.85% 50,000.00 0.00 50,000.00 0.00
95 | 20
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 07/31/2024 912828Z52 0.00 UNITED STATES TREASURY

1.375 01/31/2025 0.51% 13,750.00 0.00 13,750.00 0.00
Coupon 07/31/2024 91282CAB7 0.00 UNITED STATES TREASURY

0.25 07/31/2025 1.06% 2,500.00 0.00 2,500.00 0.00
Coupon 07/31/2024 91282CFB2 0.00 UNITED STATES TREASURY

2.75 07/31/2027 4.30% 27,500.00 0.00 27,500.00 0.00
Total Coupon 0.00 331,359.98 0.00 331,359.98 0.00
Custody Fee 07/26/2024 CCYUSD (405.00) Cash 0.00% (405.00) 0.00 (405.00) 0.00 Total Custody
Fee (405.00) (405.00) 0.00 (405.00) 0.00
Dividend 07/31/2024 31846V567 0.00 FIRST AMER:GVT OBLG Z 5.19% 2,933.27 0.00 2,933.27 0.00 Total Dividend 0.00 2,933.27 0.00 2,933.27 0.00
Principal
Paydown 07/01/2024 3137FBU79 445.41 FHMS K-069 A2 3.187 09/25/2027 4.45% 445.41 -- 445.41 17.55
Principal
Paydown 07/01/2024 3137BTUM1 1,809.11 FHMS K-061 A2 3.347 11/25/2026 4.88% 1,809.11 -- 1,809.11 64.95
Principal
Paydown 07/15/2024 47788UAC6 8,303.01 JDOT 2021 A3 0.36 09/15/2025 0.36% 8,303.01 -- 8,303.01 1.59
Principal
Paydown 07/15/2024 44933LAC7 13,833.86 HART 2021-A A3 0.38 09/15/2025 0.38% 13,833.86 -- 13,833.86

1.45 Principal
Paydown 07/15/2024 44934KAC8 36,273.56 HART 2021-B A3 0.38 01/15/2026 0.38% 36,273.56 -- 36,273.56 8.00
Principal
Paydown 07/15/2024 47789QAC4 10,267.91 JDOT 2021-B A3 0.52 03/16/2026 0.52% 10,267.91 -- 10,267.91 0.91
Principal
Paydown 07/15/2024 47787JAC2 16,806.13 JDOT 2022 A3 0.36 09/15/2026 2.33% 16,806.13 -- 16,806.13 3.72
Principal
Paydown 07/16/2024 362554AC1 10,131.60 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 10,131.60 -- 10,131.60 0.27
Principal
Paydown 07/16/2024 380146AC4 9,704.44 GMCAR 2022-1 A3 1.26 11/16/2026 1.26% 9,704.44 -- 9,704.44 0.84
Principal
Paydown 07/16/2024 36265WAD5 16,301.89 GMCAR 2022-3 A3 3.64 04/16/2027 3.64% 16,301.89 -- 16,301.89 0.11
Principal
Paydown 07/18/2024 43815PAC3 23,230.44 HAROT 2022-2 A3 3.73 07/20/2026 3.73% 23,230.44 -- 23,230.44 1.38
96 | 21
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal
Paydown 07/21/2024 43815GAC3 13,960.68 HAROT 2021-4 A3 0.88 01/21/2026 0.89% 13,960.68 -- 13,960.68 2.95
Principal
Paydown 07/25/2024 05602RAD3 17,910.74 BMWOT 2022-A A3 3.21 08/25/2026 3.21% 17,910.74 -- 17,910.74 0.93
Principal
Paydown 07/25/2024 05593AAC3 14,695.54 BMWLT 2023-1 A3 5.16 11/25/2025 5.16% 14,695.54 -- 14,695.54 0.35
Total Principal
Paydown 193,674.32 193,674.32 -- 193,674.32 105.00

TOTAL OTHER
TRANSACTIONS 193,269.32 527,562.57 0.00 527,562.57 105.00 97 | 22
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
31846V567 FIRST AMER:GVT OBLG Z
341,046.28
401,261.42
1,791,225.00
(1,851,440.14)
341,046.28

0.00 6,238.04

0.00 6,238.04

0.00 0.00

0.00 6,238.04
6,238.04
CCYUSD Receivable
2,933.27
75,488.04

0.00 0.00
2,933.27

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 343,979.55
476,749.46
1,791,225.00
(1,851,440.14)
343,979.55

0.00 6,238.04

0.00 6,238.04

0.00 0.00

0.00 6,238.04 6,238.04

FIXED INCOME
00440EAV9 CHUBB INA HOLDINGS LLC

3.35 05/03/2026
09/13/2023
09/15/2023
1,000,000.00
954,220.00

0.00 0.00
954,220.00
5,397.22

0.00 8,188.89
2,791.67

0.00 0.00

0.00 2,791.67
2,791.67
009158AY2

AIR PRODUCTS AND
CHEMICALS INC 1.85
05/15/2027
02/09/2024
02/13/2024
1,500,000.00
1,371,945.00

0.00 0.00
1,371,945.00
3,545.83

0.00 5,858.33
2,312.50

0.00 0.00

0.00 2,312.50
2,312.50
023135BC9 AMAZON.COM INC 3.15
08/22/2027
07/30/2024
07/30/2024
1,000,000.00

0.00 960,450.00

0.00 960,450.00

0.00 (13,825.00)
13,912.50

87.50 0.00

0.00 0.00

87.50 87.50
023135CN4 AMAZON.COM INC 4.6
12/01/2025
11/29/2022
12/01/2022
425,000.00
424,974.50

0.00 0.00
424,974.50
1,629.17

0.00 3,258.33
1,629.17

0.00 0.00

0.00 1,629.17
1,629.17
02582JJT8 AMXCA 2022-2 A 05/17/2027
05/17/2022
05/24/2022
905,000.00
904,799.81

0.00 0.00
904,799.81
1,363.53
2,556.63
1,363.53
2,556.63

0.00 0.00

0.00 2,556.63
2,556.63
98 | 23
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029
04/16/2024
04/23/2024
640,000.00
639,868.80

0.00 0.00
639,868.80
1,487.64
2,789.33
1,487.64
2,789.33

0.00 0.00

0.00 2,789.33
2,789.33
037833BY5 APPLE INC 3.25 02/23/2026
02/22/2023
02/28/2023
1,000,000.00
959,390.00

0.00 0.00
959,390.00
11,555.56

0.00 14,263.89
2,708.33

0.00 0.00

0.00 2,708.33
2,708.33
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025
02/07/2023
02/15/2023
121,828.62
136,520.91

0.00 (14,695.20)
121,825.71
117.41
587.05
104.77
574.41

0.00 0.00

0.00 574.41
574.41
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
199,865.36
217,764.78

0.00 (17,909.81)
199,854.97
116.51
582.55
106.93
572.97

0.00 0.00

0.00 572.97
572.97
05611UAD5 BMWLT 2024-1 A3 4.98
03/25/2027
06/20/2024
06/21/2024
1,000,000.00
994,687.50

0.00 0.00
994,687.50
830.00
4,150.00
830.00
4,150.00

0.00 0.00

0.00 4,150.00
4,150.00
06406RBC0 BANK OF NEW YORK MELLON
CORP 3.35 04/25/2025
04/19/2022
04/26/2022
900,000.00
899,874.00

0.00 0.00
899,874.00
5,527.50

0.00 8,040.00
2,512.50

0.00 0.00

0.00 2,512.50
2,512.50
06428CAA2 BANK OF AMERICA NA 5.526
08/18/2026
09/13/2023
09/15/2023
1,000,000.00
998,810.00

0.00 0.00
998,810.00
20,415.50

0.00 25,020.50
4,605.00

0.00 0.00

0.00 4,605.00
4,605.00
09290DAH4 BLACKROCK FUNDING INC 4.6
07/26/2027
07/18/2024
07/26/2024
750,000.00

0.00 750,645.00

0.00 750,645.00

0.00 0.00
479.17
479.17

0.00 0.00

0.00 479.17
479.17
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029
06/04/2024
06/11/2024
600,000.00
599,908.86

0.00 0.00
599,908.86
1,726.67
3,798.67
518.00
2,590.00

0.00 0.00

0.00 2,590.00
2,590.00
99 | 24
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
14913R2V8

CATERPILLAR FINANCIAL
SERVICES CORP 3.4
05/13/2025
05/10/2022
05/13/2022
480,000.00
479,390.40

0.00 0.00
479,390.40
2,176.00

0.00 3,536.00
1,360.00

0.00 0.00

0.00 1,360.00
1,360.00
14913R2Z9

CATERPILLAR FINANCIAL
SERVICES CORP 3.65
08/12/2025
08/08/2022
08/12/2022
1,375,000.00
1,373,336.25

0.00 0.00
1,373,336.25
19,377.95

0.00 23,560.24
4,182.29

0.00 0.00

0.00 4,182.29
4,182.29
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,320,000.00
1,319,634.10

0.00 0.00
1,319,634.10
3,027.20
5,676.00
3,027.20
5,676.00

0.00 0.00

0.00 5,676.00
5,676.00
17275RBQ4 CISCO SYSTEMS INC 4.8
02/26/2027
02/29/2024
03/04/2024
1,500,000.00
1,500,810.00

0.00 0.00
1,500,810.00
25,000.00

0.00 31,000.00
6,000.00

0.00 0.00

0.00 6,000.00
6,000.00
21684XH82
COÖPERATIEVE RABOBANK
U.A., NEW YORK BRANCH 5.9
09/06/2024
09/13/2023
09/14/2023
2,000,000.00
1,999,872.84

0.00 0.00
1,999,872.84
97,677.78

0.00 107,838.89
10,161.11

0.00 0.00

0.00 10,161.11
10,161.11
24422EXF1 JOHN DEERE CAPITAL CORP

4.5 01/08/2027
01/10/2024
01/17/2024
1,000,000.00
999,460.00

0.00 0.00
999,460.00
21,625.00
22,500.00
2,875.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
26442UAA2 DUKE ENERGY PROGRESS LLC

3.25 08/15/2025
06/23/2022
06/27/2022
1,000,000.00
990,710.00

0.00 0.00
990,710.00
12,277.78

0.00 14,986.11
2,708.33

0.00 0.00

0.00 2,708.33
2,708.33
3130AQF40 FEDERAL HOME LOAN BANKS

1.0 12/20/2024
12/21/2021
12/22/2021
1,400,000.00
1,398,768.00

0.00 0.00
1,398,768.00
427.78

0.00 1,594.44
1,166.67

0.00 0.00

0.00 1,166.67
1,166.67
3130AVVX7 FEDERAL HOME LOAN BANKS

3.75 06/09/2028
06/07/2023
06/09/2023
1,120,000.00
1,107,243.20

0.00 0.00
1,107,243.20
2,566.67

0.00 6,066.67
3,500.00

0.00 0.00

0.00 3,500.00
3,500.00
100
| 25
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130AWC24 FEDERAL HOME LOAN BANKS

4.0 06/09/2028
07/06/2023
07/10/2023
2,000,000.00
1,956,940.00

0.00 0.00
1,956,940.00
4,888.89

0.00 11,555.56
6,666.67

0.00 0.00

0.00 6,666.67
6,666.67
3130AWLZ1 FEDERAL HOME LOAN BANKS

4.75 06/12/2026
08/16/2023
08/17/2023
2,000,000.00
1,998,620.00

0.00 0.00
1,998,620.00
5,013.89

0.00 12,930.56
7,916.67

0.00 0.00

0.00 7,916.67
7,916.67
3130AWTQ3 FEDERAL HOME LOAN BANKS

4.625 09/11/2026 4,500,000.00
4,476,030.00

0.00 0.00
4,476,030.00
63,593.75

0.00 80,937.50
17,343.75

0.00 0.00

0.00 17,343.75
17,343.75
3130AXU63 FEDERAL HOME LOAN BANKS

4.625 11/17/2026
11/30/2023
12/01/2023
1,750,000.00
1,754,427.50

0.00 0.00
1,754,427.50
9,892.36

0.00 16,637.15
6,744.79

0.00 0.00

0.00 6,744.79
6,744.79
3130AYPN0 FEDERAL HOME LOAN BANKS

4.125 01/15/2027
01/30/2024
01/31/2024
2,000,000.00
1,995,560.00

0.00 0.00
1,995,560.00
34,833.33
38,041.67
3,666.67
6,875.00

0.00 0.00

0.00 6,875.00
6,875.00
3130B0TY5 FEDERAL HOME LOAN BANKS

4.75 04/09/2027
04/10/2024
04/15/2024
1,500,000.00
1,496,115.00

0.00 0.00
1,496,115.00
15,833.33

0.00 21,770.83
5,937.50

0.00 0.00

0.00 5,937.50
5,937.50
3130B0ZP7 FEDERAL HOME LOAN BANKS

4.875 03/13/2026
06/21/2024
06/24/2024

0.00 1,000,450.00

0.00 (1,000,450.00)

0.00 9,750.00
13,812.50

0.00 4,062.50

0.00 0.00

0.00 4,062.50
4,062.50
3133ENKS8

FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.125
01/06/2025
01/06/2022
01/11/2022
755,000.00
753,301.25

0.00 0.00
753,301.25
4,128.91
4,246.88
589.84
707.82

0.00 0.00

0.00 707.82
707.82
3133ENPG9

FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.75
02/14/2025
02/25/2022
02/28/2022
1,200,000.00
1,197,456.00

0.00 0.00
1,197,456.00
7,991.67

0.00 9,741.67
1,750.00

0.00 0.00

0.00 1,750.00
1,750.00
101
| 26
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3133EP6K6

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
03/26/2027
04/08/2024
04/09/2024
1,000,000.00
995,520.00

0.00 0.00
995,520.00
11,875.00

0.00 15,625.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3133EPSW6

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
08/14/2026
08/09/2023
08/14/2023
2,405,000.00
2,399,468.50

0.00 0.00
2,399,468.50
41,185.63

0.00 50,204.38
9,018.75

0.00 0.00

0.00 9,018.75
9,018.75
3133EPW68

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.125
01/22/2026
01/24/2024
01/25/2024
1,400,000.00
1,392,860.00

0.00 0.00
1,392,860.00
25,506.25
28,875.00
1,443.75
4,812.50

0.00 0.00

0.00 4,812.50
4,812.50
3133EPWK7

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
09/22/2028
10/12/2023
10/16/2023
2,000,000.00
1,981,460.00

0.00 0.00
1,981,460.00
24,750.00

0.00 32,250.00
7,500.00

0.00 0.00

0.00 7,500.00
7,500.00
3133EPZY4

FEDERAL FARM CREDIT
BANKS FUNDING CORP 5.0
07/30/2026
11/09/2023
11/10/2023
2,000,000.00
2,007,480.00

0.00 0.00
2,007,480.00
41,944.44
50,000.00
277.78
8,333.33

0.00 0.00

0.00 8,333.33
8,333.33
3133ERDZ1

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.75
05/08/2026
05/20/2024
05/21/2024
1,000,000.00
997,690.00

0.00 0.00
997,690.00
6,993.06

0.00 10,951.39
3,958.33

0.00 0.00

0.00 3,958.33
3,958.33
3133ERFJ5

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.5
05/20/2027
05/20/2024
05/21/2024
1,000,000.00
994,830.00

0.00 0.00
994,830.00
5,125.00

0.00 8,875.00
3,750.00

0.00 0.00

0.00 3,750.00
3,750.00
3137BM7C4 FHMS K-051 A2 3.308
09/25/2025
06/23/2022
06/28/2022
1,223,000.00
1,220,420.23

0.00 0.00
1,220,420.23
3,371.40
3,371.40
3,371.40
3,371.40

0.00 0.00

0.00 3,371.40
3,371.40
3137BSP72 FHMS K-058 A2 2.653
08/25/2026
02/09/2023
02/14/2023
2,000,000.00
1,890,546.88

0.00 0.00
1,890,546.88
4,421.67
4,421.67
4,421.67
4,421.67

0.00 0.00

0.00 4,421.67
4,421.67
102
| 27
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026
09/22/2022
09/27/2022
886,339.56
856,265.52

0.00 (1,744.16)
854,521.36
2,477.19
2,477.20
2,472.15
2,472.15

0.00 0.00

0.00 2,472.15
2,472.15
3137BVZ82 FHMS K-063 A2 3.43
01/25/2027 862,000.00
839,600.51

0.00 0.00
839,600.51
2,463.88
2,463.88
2,463.88
2,463.88

0.00 0.00

0.00 2,463.88
2,463.88
3137F1G44 FHMS K-065 A2 3.243
04/25/2027
09/19/2022
09/22/2022
1,000,000.00
965,468.75

0.00 0.00
965,468.75
2,702.50
2,702.50
2,702.50
2,702.50

0.00 0.00

0.00 2,702.50
2,702.50
3137F4X72 FHMS K-075 A2 3.65
02/25/2028
09/14/2023
09/19/2023
1,165,000.00
1,107,478.13

0.00 0.00
1,107,478.13
3,543.54
3,543.54
3,543.54
3,543.54

0.00 0.00

0.00 3,543.54
3,543.54
3137FBU79 FHMS K-069 A2 3.187
09/25/2027
05/18/2023
05/23/2023
1,249,554.59
1,200,732.43

0.00 (427.86)
1,200,304.57
3,319.79
3,319.79
3,318.61
3,318.61

0.00 0.00

0.00 3,318.61
3,318.61
3137FJEH8 FHMS K-081 A2 3.9
08/25/2028
05/28/2024
05/31/2024
1,250,000.00
1,197,265.63

0.00 0.00
1,197,265.63
4,062.50
4,062.50
4,062.50
4,062.50

0.00 0.00

0.00 4,062.50
4,062.50
341081GN1 FLORIDA POWER & LIGHT CO

4.4 05/15/2028
05/22/2023
05/24/2023
1,500,000.00
1,484,025.00

0.00 0.00
1,484,025.00
8,433.33

0.00 13,933.33
5,500.00

0.00 0.00

0.00 5,500.00
5,500.00
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026
10/13/2021
10/21/2021
101,685.17
111,813.91

0.00 (10,131.33)
101,682.58

31.68 63.36

28.81 60.49

0.00 0.00

0.00 60.49

60.49 36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027
07/06/2022
07/13/2022
289,590.48
305,890.25

0.00 (16,301.78)
289,588.48
463.94
927.87
439.21
903.15

0.00 0.00

0.00 903.15
903.15
103
| 28
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027
02/08/2024
02/15/2024
455,000.00
454,943.13

0.00 0.00
454,943.13
707.65
1,929.96
707.65
1,929.96

0.00 0.00

0.00 1,929.96
1,929.96
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026
08/08/2023
08/16/2023
280,000.00
279,966.43

0.00 0.00
279,966.43
460.29
1,255.33
460.29
1,255.33

0.00 0.00

0.00 1,255.33
1,255.33
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026
01/11/2022
01/19/2022
105,495.80
115,190.24

0.00 (9,703.60)
105,486.64

60.48 120.96

55.39 115.87

0.00 0.00

0.00 115.87
115.87
437076CR1 HOME DEPOT INC 4.0
09/15/2025
09/14/2022
09/19/2022
1,000,000.00
996,380.00

0.00 0.00
996,380.00
11,777.78

0.00 15,111.11
3,333.33

0.00 0.00

0.00 3,333.33
3,333.33
437076DB5 HOME DEPOT INC 4.875
06/25/2027 06/25/2024
740,000.00
738,545.60

0.00 0.00
738,545.60
601.25

0.00 3,607.50
3,006.25

0.00 0.00

0.00 3,006.25
3,006.25
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028
02/13/2024
02/21/2024
1,250,000.00
1,249,945.63

0.00 0.00
1,249,945.63
2,894.44
5,427.08
2,894.44
5,427.08

0.00 0.00

0.00 5,427.08
5,427.08
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
117,899.20
131,832.08

0.00 (13,957.73)
117,874.35

32.23 96.70

28.82 93.29

0.00 0.00

0.00 93.29

93.29 43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026
08/15/2022
08/24/2022
302,274.62
325,485.67

0.00 (23,229.06)
302,256.61
438.44
1,011.78
407.15
980.49

0.00 0.00

0.00 980.49
980.49
438516CB0 HONEYWELL INTERNATIONAL
INC 1.35 06/01/2025
03/09/2022
03/11/2022
1,000,000.00
970,280.00

0.00 0.00
970,280.00
1,125.00

0.00 2,250.00
1,125.00

0.00 0.00

0.00 1,125.00
1,125.00
104
| 29
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
44933LAC7 HART 2021-A A3 0.38
09/15/2025
04/20/2021
04/28/2021

0.00 13,832.41

0.00 (13,832.41)

0.00 2.34

4.38 0.00

2.04 0.00

0.00 0.00

2.04 2.04
44934KAC8 HART 2021-B A3 0.38
01/15/2026
07/20/2021
07/28/2021
123,232.05
159,470.41

0.00 (36,265.56)
123,204.85

26.94 50.51

20.81 44.38

0.00 0.00

0.00 44.38

44.38 4581X0DZ8

INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
09/15/2021
09/23/2021
1,585,000.00
1,583,827.10

0.00 0.00
1,583,827.10
2,157.36

0.00 2,817.78
660.42

0.00 0.00

0.00 660.42
660.42
459058KT9

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.5 07/12/2028
07/24/2023
07/26/2023
500,000.00
483,115.00

0.00 0.00
483,115.00
8,215.28
8,750.00
923.61
1,458.33

0.00 0.00

0.00 1,458.33
1,458.33
47787JAC2 JDOT 2022 A3 0.36
09/15/2026
03/10/2022
03/16/2022
210,854.84
227,610.61

0.00 (16,802.41)
210,808.20
234.74
440.14
217.41
422.81

0.00 0.00

0.00 422.81
422.81
47788UAC6 JDOT 2021 A3 0.36
09/15/2025
03/02/2021
03/10/2021
23,522.52
31,819.41

0.00 (8,301.42)
23,518.00

5.09 9.55

3.76 8.22

0.00 0.00

0.00 8.22

8.22 47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
111,764.83
122,021.86

0.00 (10,267.00)
111,754.86

28.20 52.88

25.83 50.51

0.00 0.00

0.00 50.51

50.51 47800RAD5 JDOT 2024 A3 4.96
11/15/2028
03/11/2024
03/19/2024
335,000.00
334,981.24

0.00 0.00
334,981.24
738.49
1,384.67
738.49
1,384.67

0.00 0.00

0.00 1,384.67
1,384.67
48125LRU8 JPMORGAN CHASE BANK NA

5.11 12/08/2026 12/08/2023
1,575,000.00
1,576,460.00

0.00 0.00
1,576,460.00
5,141.94

0.00 11,848.81
6,706.88

0.00 0.00

0.00 6,706.88
6,706.88
105
| 30
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026
04/04/2023
04/12/2023
750,000.00
749,482.50

0.00 0.00
749,482.50
7,593.75

0.00 10,406.25
2,812.50

0.00 0.00

0.00 2,812.50
2,812.50
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028
05/17/2024
05/23/2024
350,000.00
349,959.05

0.00 0.00
349,959.05
827.56
1,551.67
827.56
1,551.67

0.00 0.00

0.00 1,551.67
1,551.67
58989V2F0 MET TOWER GLOBAL
FUNDING 5.4 06/20/2026
06/12/2023
06/20/2023
1,000,000.00
1,000,440.00

0.00 0.00
1,000,440.00
1,650.00

0.00 6,150.00
4,500.00

0.00 0.00

0.00 4,500.00
4,500.00
61747YET8 MORGAN STANLEY 4.679
07/17/2026
09/14/2022
09/16/2022
1,000,000.00
994,030.00

0.00 0.00
994,030.00
21,315.44
23,395.00
1,819.61
3,899.17

0.00 0.00

0.00 3,899.17
3,899.17
62479LQ40 MUFG Bank, Ltd. - New York
Branch 03/04/2025
06/07/2024
06/07/2024
2,700,000.00
2,594,902.50

0.00 0.00
2,594,902.50

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 63743HFE7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

3.45 06/15/2025 1,105,000.00
1,099,973.65

0.00 0.00
1,099,973.65
1,694.33

0.00 4,871.21
3,176.88

0.00 0.00

0.00 3,176.88
3,176.88
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027
09/14/2022
09/16/2022
1,000,000.00
990,460.00

0.00 0.00
990,460.00
5,666.67

0.00 9,000.00
3,333.33

0.00 0.00

0.00 3,333.33
3,333.33
69371RR40 PACCAR FINANCIAL CORP 0.5
08/09/2024
08/03/2021
08/09/2021
245,000.00
244,867.70

0.00 0.00
244,867.70
483.19

0.00 585.28
102.08

0.00 0.00

0.00 102.08
102.08
69371RS56 PACCAR FINANCIAL CORP

5.05 08/10/2026 1,450,000.00
1,451,925.00

0.00 0.00
1,451,925.00
28,679.79

0.00 34,781.88
6,102.08

0.00 0.00

0.00 6,102.08
6,102.08
106
| 31
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
713448FW3 PEPSICO INC 5.125
11/10/2026
11/08/2023
11/10/2023
510,000.00
509,862.30

0.00 0.00
509,862.30
3,702.81

0.00 5,880.94
2,178.13

0.00 0.00

0.00 2,178.13
2,178.13
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
06/22/2023
06/26/2023
750,000.00
715,005.00

0.00 0.00
715,005.00
4,625.00

0.00 6,937.50
2,312.50

0.00 0.00

0.00 2,312.50
2,312.50
78016EYM3 ROYAL BANK OF CANADA 1.6
01/21/2025
01/12/2022
01/21/2022
1,000,000.00
1,000,000.00

0.00 0.00
1,000,000.00
7,111.11
8,000.00
444.44
1,333.33

0.00 0.00

0.00 1,333.33
1,333.33
78016HZT0 ROYAL BANK OF CANADA

4.875 01/19/2027
01/10/2024
01/19/2024
1,245,000.00
1,244,688.75

0.00 0.00
1,244,688.75
27,312.19
30,346.88
2,023.13
5,057.82

0.00 0.00

0.00 5,057.82
5,057.82
79466LAG9 SALESFORCE INC 0.625
07/15/2024
06/29/2021
07/12/2021

0.00 199,898.00

0.00 (199,898.00)

0.00 576.39
625.00

0.00 48.61

0.00 0.00

0.00 48.61

48.61 857477BR3 STATE STREET CORP 1.746
02/06/2026
02/02/2022
02/07/2022
335,000.00
335,000.00

0.00 0.00
335,000.00
2,355.89

0.00 2,843.31
487.43

0.00 0.00

0.00 487.43
487.43
857477CL5 STATE STREET CORP 4.993
03/18/2027
03/13/2024
03/18/2024
1,210,000.00
1,210,000.00

0.00 0.00
1,210,000.00
17,285.49

0.00 22,320.10
5,034.61

0.00 0.00

0.00 5,034.61
5,034.61
89115A2A9 TORONTO-DOMINION BANK

3.766 06/06/2025
06/02/2022
06/08/2022
1,000,000.00
1,001,830.00

0.00 0.00
1,001,830.00
2,615.28

0.00 5,753.61
3,138.33

0.00 0.00

0.00 3,138.33
3,138.33
89233GNX0 Toyota Motor Credit
Corporation 01/31/2025
05/21/2024
05/21/2024
2,000,000.00
1,925,625.00

0.00 0.00
1,925,625.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 107
| 32
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
89236TKJ3 TOYOTA MOTOR CREDIT
CORP 4.55 09/20/2027
06/20/2024
06/21/2024
1,000,000.00
989,900.00

0.00 0.00
989,900.00
12,765.28

0.00 16,556.94
3,791.67

0.00 0.00

0.00 3,791.67
3,791.67
91159HHX1 US BANCORP 2.4 07/30/2024
11/09/2021
11/12/2021

0.00 1,041,550.00

0.00 (1,041,550.00)

0.00 10,066.67
12,000.00

0.00 1,933.33

0.00 0.00

0.00 1,933.33
1,933.33
912797GB7 UNITED STATES TREASURY
07/11/2024
01/16/2024
01/17/2024

0.00 2,682,875.25

0.00 (2,682,875.25)

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00
912797KU0 UNITED STATES TREASURY
10/17/2024
04/22/2024
04/23/2024
2,000,000.00
1,949,235.42

0.00 0.00
1,949,235.42

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 912797MA2 UNITED STATES TREASURY
11/05/2024
07/10/2024
07/11/2024
2,750,000.00

0.00 2,703,547.34

0.00 2,703,547.34

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 9128283F5 UNITED STATES TREASURY

2.25 11/15/2027
06/07/2023
06/09/2023
1,400,000.00
1,298,937.50

0.00 0.00
1,298,937.50
4,023.10

0.00 6,676.63
2,653.53

0.00 0.00

0.00 2,653.53
2,653.53
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025
3,250,000.00
3,259,882.81

0.00 0.00
3,259,882.81
24,508.20

0.00 32,766.39
8,258.20

0.00 0.00

0.00 8,258.20
8,258.20
9128285J5 UNITED STATES TREASURY 3.0
10/31/2025
06/23/2022
06/24/2022
2,500,000.00
2,498,632.81

0.00 0.00
2,498,632.81
12,635.87

0.00 18,953.80
6,317.93

0.00 0.00

0.00 6,317.93
6,317.93
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
04/22/2024
04/23/2024
2,000,000.00
1,870,625.00

0.00 0.00
1,870,625.00
7,982.34

0.00 13,247.28
5,264.95

0.00 0.00

0.00 5,264.95
5,264.95
108
| 33
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
9128285T3 UNITED STATES TREASURY

2.625 12/31/2025
09/14/2022
09/15/2022
2,500,000.00
2,412,792.97

0.00 0.00
2,412,792.97
178.33
32,812.50
5,706.52
38,340.69

0.00 0.00

0.00 38,340.69
38,340.69
9128286L9 UNITED STATES TREASURY

2.25 03/31/2026
09/14/2022
09/15/2022
2,500,000.00
2,377,832.03

0.00 0.00
2,377,832.03
14,139.34

0.00 18,903.69
4,764.34

0.00 0.00

0.00 4,764.34
4,764.34
912828M56 UNITED STATES TREASURY

2.25 11/15/2025
06/23/2022
06/24/2022
2,500,000.00
2,431,152.34

0.00 0.00
2,431,152.34
7,184.10

0.00 11,922.55
4,738.45

0.00 0.00

0.00 4,738.45
4,738.45
912828U24 UNITED STATES TREASURY 2.0
11/15/2026
09/13/2023
09/14/2023
3,000,000.00
2,767,031.25

0.00 0.00
2,767,031.25
7,663.04

0.00 12,717.39
5,054.35

0.00 0.00

0.00 5,054.35
5,054.35
912828YM6 UNITED STATES TREASURY 1.5
10/31/2024
09/24/2021
09/27/2021
1,700,000.00
1,749,273.44

0.00 0.00
1,749,273.44
4,296.20

0.00 6,444.29
2,148.10

0.00 0.00

0.00 2,148.10
2,148.10
912828YX2 UNITED STATES TREASURY

1.75 12/31/2026
12/27/2023
12/28/2023
1,750,000.00
1,641,240.23

0.00 0.00
1,641,240.23

83.22 15,312.50
2,663.04
17,892.32

0.00 0.00

0.00 17,892.32
17,892.32
912828Z52 UNITED STATES TREASURY

1.375 01/31/2025
06/04/2021
06/07/2021
2,000,000.00
2,062,500.00

0.00 0.00
2,062,500.00
11,483.52
13,750.00

74.73 2,341.21

0.00 0.00

0.00 2,341.21
2,341.21
912828ZC7 UNITED STATES TREASURY

1.125 02/28/2025
02/09/2022
02/10/2022
1,200,000.00
1,183,359.38

0.00 0.00
1,183,359.38
4,512.23

0.00 5,649.46
1,137.23

0.00 0.00

0.00 1,137.23
1,137.23
912828ZF0 UNITED STATES TREASURY 0.5
03/31/2025
03/03/2021
03/04/2021
2,000,000.00
1,997,031.25

0.00 0.00
1,997,031.25
2,513.66

0.00 3,360.66
846.99

0.00 0.00

0.00 846.99
846.99
109
| 34
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828ZL7 UNITED STATES TREASURY

0.375 04/30/2025
04/12/2021
04/13/2021
2,000,000.00
1,977,343.75

0.00 0.00
1,977,343.75
1,263.59

0.00 1,895.38
631.79

0.00 0.00

0.00 631.79
631.79
912828ZT0 UNITED STATES TREASURY

0.25 05/31/2025
10/14/2021
10/15/2021
1,800,000.00
1,765,757.81

0.00 0.00
1,765,757.81
381.15

0.00 762.30
381.15

0.00 0.00

0.00 381.15
381.15
91282CAB7 UNITED STATES TREASURY

0.25 07/31/2025
12/02/2021
12/03/2021
2,000,000.00
1,942,031.25

0.00 0.00
1,942,031.25
2,087.91
2,500.00

13.59 425.67

0.00 0.00

0.00 425.67
425.67
91282CAJ0 UNITED STATES TREASURY

0.25 08/31/2025
03/22/2022
03/23/2022
1,000,000.00
928,828.13

0.00 0.00
928,828.13
835.60

0.00 1,046.20
210.60

0.00 0.00

0.00 210.60
210.60
91282CCT6 UNITED STATES TREASURY

0.375 08/15/2024
08/26/2021
08/27/2021
2,000,000.00
1,995,234.38

0.00 0.00
1,995,234.38
2,822.80

0.00 3,461.54
638.74

0.00 0.00

0.00 638.74
638.74
91282CCX7 UNITED STATES TREASURY

0.375 09/15/2024
09/10/2021
09/15/2021
1,800,000.00
1,796,484.38

0.00 0.00
1,796,484.38
1,980.98

0.00 2,549.59
568.61

0.00 0.00

0.00 568.61
568.61
91282CDH1 UNITED STATES TREASURY

0.75 11/15/2024
11/29/2021
11/30/2021
2,000,000.00
1,996,328.13

0.00 0.00
1,996,328.13
1,915.76

0.00 3,179.35
1,263.59

0.00 0.00

0.00 1,263.59
1,263.59
91282CDN8 UNITED STATES TREASURY 1.0
12/15/2024
12/29/2021
12/30/2021
900,000.00
900,386.72

0.00 0.00
900,386.72
393.44

0.00 1,155.74
762.30

0.00 0.00

0.00 762.30
762.30
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
11/17/2022
11/18/2022
2,500,000.00
2,349,414.06

0.00 0.00
2,349,414.06
15,710.38

0.00 21,004.10
5,293.72

0.00 0.00

0.00 5,293.72
5,293.72
110
| 35
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027
12/12/2022
12/13/2022
1,300,000.00
1,266,687.50

0.00 0.00
1,266,687.50
114.81
21,125.00
3,673.91
24,684.10

0.00 0.00

0.00 24,684.10
24,684.10
91282CFB2 UNITED STATES TREASURY

2.75 07/31/2027
07/26/2023
07/27/2023
2,000,000.00
1,887,109.38

0.00 0.00
1,887,109.38
22,967.03
27,500.00
149.46
4,682.42

0.00 0.00

0.00 4,682.42
4,682.42
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
01/24/2023
01/25/2023
2,500,000.00
2,445,117.19

0.00 0.00
2,445,117.19
26,112.43

0.00 32,693.61
6,581.18

0.00 0.00

0.00 6,581.18
6,581.18
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
02/22/2023
02/28/2023
1,600,000.00
1,595,500.00

0.00 0.00
1,595,500.00
16,590.16

0.00 22,180.33
5,590.16

0.00 0.00

0.00 5,590.16
5,590.16
91282CGV7 UNITED STATES TREASURY

3.75 04/15/2026
03/20/2024
03/21/2024
2,000,000.00
1,965,703.13

0.00 0.00
1,965,703.13
15,778.69

0.00 22,131.15
6,352.46

0.00 0.00

0.00 6,352.46
6,352.46
91324PDE9 UNITEDHEALTH GROUP INC

2.95 10/15/2027
07/30/2024
07/31/2024
1,250,000.00

0.00 1,189,300.00

0.00 1,189,300.00

0.00 (10,857.64)
10,857.64
(0.00)

0.00 0.00

0.00 (0.00)
(0.00)
Total Fixed Income 148,338,907.62
145,289,138.19
5,603,942.34
(5,118,342.57)
145,774,737.97
987,598.29
389,739.84
1,035,292.64
437,434.19

0.00 0.00

0.00 437,434.19 437,434.19
TOTAL PORTFOLIO 148,682,887.17
145,765,887.65
7,395,167.34
(6,969,782.71)
146,118,717.52
987,598.29
395,977.88
1,035,292.64
443,672.23

0.00 0.00

0.00 443,672.23 443,672.23
111
| 36
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount AUGUST 2024
08/01/2024 Dividend 31846V567 0.00 2,168.28 2,168.28
08/01/2024 Dividend 31846V567 0.00 764.99 764.99
08/06/2024 Coupon 857477BR3 335,000.00 STATE STREET CORP 1.746 02/06/2026 2,924.55 2,924.55 08/09/2024 Coupon 69371RR40 245,000.00 PACCAR FINANCIAL CORP 0.5 08/09/2024 612.50 612.50 08/09/2024 Final Maturity 69371RR40 245,000.00 PACCAR FINANCIAL CORP 0.5 08/09/2024 245,000.00 245,000.00 08/12/2024 Coupon 14913R2Z9 1,375,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.65 08/12/2025 25,093.75 25,093.75
08/12/2024 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 08/14/2024 Coupon 3133ENPG9 1,200,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.75 02/14/2025 10,500.00 10,500.00
08/14/2024 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
08/15/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 08/15/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 08/15/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 08/15/2024 Coupon 26442UAA2 1,000,000.00 DUKE ENERGY PROGRESS LLC 3.25 08/15/2025 16,250.00 16,250.00 08/15/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 08/15/2024 Coupon 44934KAC8 123,232.05 HART 2021-B A3 0.38 01/15/2026 61.47 61.47 08/15/2024 Principal Paydown 44934KAC8 123,232.05 HART 2021-B A3 0.38 01/15/2026 35,735.53 35,735.53 08/15/2024 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 399.23 399.23 08/15/2024 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 17,736.40 17,736.40
08/15/2024 Coupon 47788UAC6 23,522.52 JDOT 2021 A3 0.36 09/15/2025 7.06 7.06 08/15/2024 Principal Paydown 47788UAC6 23,522.52 JDOT 2021 A3 0.36 09/15/2025 9,945.40 9,945.40 08/15/2024 Coupon 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 48.50 48.50 08/15/2024 Principal Paydown 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 11,022.94 11,022.94 08/15/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 08/15/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 08/15/2024 Coupon 91282CCT6 2,000,000.00 UNITED STATES TREASURY 0.375 08/15/2024 3,750.00 3,750.00 08/15/2024 Final Maturity 91282CCT6 2,000,000.00 UNITED STATES TREASURY 0.375 08/15/2024 2,000,000.00 2,000,000.00 08/16/2024 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 58.38 58.38 08/16/2024 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 9,576.13 9,576.13 112
| 37
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/16/2024 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 856.27 856.27 08/16/2024 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 20,536.74 20,536.74 08/16/2024 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 110.45 110.45 08/16/2024 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 9,412.15 9,412.15 08/19/2024 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 27,630.00 27,630.00 08/19/2024 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 934.73 934.73 08/19/2024 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 23,267.85 23,267.85 08/20/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 08/20/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 08/21/2024 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 86.46 86.46 08/21/2024 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 13,573.57 13,573.57 08/22/2024 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 08/23/2024 Coupon 037833BY5 1,000,000.00 APPLE INC 3.25 02/23/2026 16,250.00 16,250.00 08/26/2024 Coupon 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 523.86 523.86 08/26/2024 Principal Paydown 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 21,105.82 21,105.82 08/26/2024 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 534.64 534.64 08/26/2024 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 18,913.90 18,913.90 08/26/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 08/26/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 08/26/2024 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 08/26/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,371.40 3,371.40 08/26/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 08/26/2024 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,472.15 2,472.15 08/26/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.89 2,463.89 08/26/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 08/26/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 08/26/2024 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,318.61 3,318.61 08/26/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 August 2024 Total 2,438,759.69 304,773.95 2,743,533.64
SEPTEMBER 2024
09/03/2024 Coupon 912828ZC7 1,200,000.00 UNITED STATES TREASURY 1.125 02/28/2025 6,750.00 6,750.00 09/03/2024 Coupon 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,250.00 1,250.00 113
| 38
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/03/2024 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 09/06/2024 Coupon 21684XH82 2,000,000.00 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH 5.9 09/06/2024 119,638.89 119,638.89
09/06/2024 Final Maturity 21684XH82 2,000,000.00 COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH 5.9 09/06/2024 2,000,000.00 2,000,000.00
09/11/2024 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
09/16/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 09/16/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 09/16/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 09/16/2024 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 52.96 52.96 09/16/2024 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 9,375.66 9,375.66 09/16/2024 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 793.98 793.98 09/16/2024 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 19,256.80 19,256.80 09/16/2024 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 100.56 100.56 09/16/2024 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 9,194.11 9,194.11 09/16/2024 Coupon 437076CR1 1,000,000.00 HOME DEPOT INC 4.0 09/15/2025 20,000.00 20,000.00 09/16/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 09/16/2024 Coupon 44934KAC8 123,232.05 HART 2021-B A3 0.38 01/15/2026 43.90 43.90 09/16/2024 Principal Paydown 44934KAC8 123,232.05 HART 2021-B A3 0.38 01/15/2026 34,843.74 34,843.74 09/16/2024 Coupon 47787JAC2 210,854.84
JDOT 2022 A3 0.36 09/15/2026 364.94 364.94
09/16/2024 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 17,532.92 17,532.92 09/16/2024 Coupon 47788UAC6 23,522.52 JDOT 2021 A3 0.36 09/15/2025 4.07 4.07 09/16/2024 Principal Paydown 47788UAC6 23,522.52 JDOT 2021 A3 0.36 09/15/2025 10,515.19 10,515.19 09/16/2024 Coupon 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 43.72 43.72 09/16/2024 Principal Paydown 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 10,879.40 10,879.40 09/16/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 09/16/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 09/16/2024 Coupon 91282CCX7 1,800,000.00 UNITED STATES TREASURY 0.375 09/15/2024 3,375.00 3,375.00 09/16/2024 Final Maturity 91282CCX7 1,800,000.00 UNITED STATES TREASURY 0.375 09/15/2024 1,800,000.00 1,800,000.00 09/18/2024 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 862.41 862.41 09/18/2024 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 22,689.50 22,689.50 114
| 39
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/18/2024 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 09/20/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 09/20/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 09/20/2024 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 09/23/2024 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
09/23/2024 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 76.51 76.51 09/23/2024 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 13,249.99 13,249.99 09/23/2024 Coupon 4581X0DZ8 1,585,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.5 09/23/2024 3,962.50 3,962.50
09/23/2024 Final Maturity 4581X0DZ8 1,585,000.00 INTER-AMERICAN DEVELOPMENT BANK 0.5 09/23/2024 1,585,000.00 1,585,000.00
09/25/2024 Coupon 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 433.11 433.11 09/25/2024 Principal Paydown 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 19,374.63 19,374.63 09/25/2024 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 484.05 484.05 09/25/2024 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 17,453.27 17,453.27 09/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 09/25/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 09/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,287.93 3,287.93 09/25/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,421.56 2,421.56 09/25/2024 Coupon 3137BSP72 2,000,000.00
FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67
09/25/2024 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,467.38 2,467.38 09/25/2024 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,714.17 1,714.17 09/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 09/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 09/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 09/25/2024 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,313.38 3,313.38 09/25/2024 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 1,974.18 1,974.18 09/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 09/26/2024 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
09/30/2024 Coupon 9128285C0 3,250,000.00 UNITED STATES TREASURY 3.0 09/30/2025 48,750.00 48,750.00115 | 40
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2024 Coupon 9128286L9 2,500,000.00 UNITED STATES TREASURY 2.25 03/31/2026 28,125.00 28,125.00 09/30/2024 Coupon 912828ZF0 2,000,000.00 UNITED STATES TREASURY 0.5 03/31/2025 5,000.00 5,000.00 09/30/2024 Coupon 91282CEF4 2,500,000.00 UNITED STATES TREASURY 2.5 03/31/2027 31,250.00 31,250.00 09/30/2024 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 September 2024
Total 5,575,475.12 623,517.87 6,198,992.99
OCTOBER 2024
10/09/2024 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,229.17 35,229.17 10/10/2024 Coupon 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 16,875.00 16,875.00
10/15/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 10/15/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 10/15/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 10/15/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 10/15/2024 Coupon 44934KAC8 123,232.05 HART 2021-B A3 0.38 01/15/2026 26.76 26.76 10/15/2024 Principal Paydown 44934KAC8 123,232.05 HART 2021-B A3 0.38 01/15/2026 33,473.35 33,473.35 10/15/2024 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 331.04 331.04 10/15/2024 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 19,393.34 19,393.34 10/15/2024 Coupon 47788UAC6 23,522.52 JDOT 2021 A3 0.36 09/15/2025 0.92 0.92 10/15/2024 Effective Maturity 47788UAC6 23,522.52 JDOT 2021 A3 0.36 09/15/2025 3,061.93 3,061.93 10/15/2024 Coupon 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 39.01 39.01 10/15/2024 Principal Paydown 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 11,413.98 11,413.98 10/15/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 10/15/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 10/15/2024 Coupon 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 37,500.00 37,500.00 10/15/2024 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 10/16/2024 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 47.65 47.65 10/16/2024 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 9,017.58 9,017.58 10/16/2024 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 735.57 735.57 10/16/2024 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 18,387.03 18,387.03 10/16/2024 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 90.91 90.91 10/16/2024 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 8,824.91 8,824.91 116
| 41
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/17/2024 Final Maturity 912797KU0 2,000,000.00 UNITED STATES TREASURY 10/17/2024 2,000,000.00 2,000,000.00 10/18/2024 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 791.88 791.88 10/18/2024 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 21,826.51 21,826.51 10/21/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 10/21/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 10/21/2024 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 66.79 66.79 10/21/2024 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 12,713.36 12,713.36 10/25/2024 Coupon 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 349.80 349.80 10/25/2024 Principal Paydown 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 18,199.97 18,199.97 10/25/2024 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 437.36 437.36 10/25/2024 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 16,651.83 16,651.83 10/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 10/25/2024 Coupon 06406RBC0 900,000.00 BANK OF NEW YORK MELLON CORP 3.35 04/25/2025 15,075.00 15,075.00
10/25/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 10/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,281.26 3,281.26 10/25/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,583.13 2,583.13 10/25/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 10/25/2024 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,462.60 2,462.60 10/25/2024 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,825.31 1,825.31 10/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 10/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 10/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 10/25/2024 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,308.14 3,308.14 10/25/2024 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 2,117.25 2,117.25 10/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 10/31/2024 Coupon 9128285J5 2,500,000.00 UNITED STATES TREASURY 3.0 10/31/2025 37,500.00 37,500.00 10/31/2024 Coupon 912828YM6 1,700,000.00 UNITED STATES TREASURY 1.5 10/31/2024 12,750.00 12,750.00 10/31/2024 Final Maturity 912828YM6 1,700,000.00 UNITED STATES TREASURY 1.5 10/31/2024 1,700,000.00 1,700,000.00 10/31/2024 Coupon 912828ZL7 2,000,000.00 UNITED STATES TREASURY 0.375 04/30/2025 3,750.00 3,750.00 October 2024
Total 3,879,489.47 235,591.28 4,115,080.75
117
| 42
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount NOVEMBER 2024
11/01/2024 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
11/04/2024 Coupon 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 16,750.00 16,750.00 11/05/2024 Final Maturity 912797MA2 2,750,000.00 UNITED STATES TREASURY 11/05/2024 2,750,000.00 2,750,000.00 11/08/2024 Coupon 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 23,750.00 23,750.00
11/12/2024 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 11/12/2024 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 13,068.75 13,068.75 11/13/2024 Coupon 14913R2V8 480,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.4 05/13/2025 8,160.00 8,160.00
11/15/2024 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
11/15/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 11/15/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 11/15/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 11/15/2024 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 11/15/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 11/15/2024 Coupon 44934KAC8 123,232.05 HART 2021-B A3 0.38 01/15/2026 10.31 10.31 11/15/2024 Effective Maturity 44934KAC8 123,232.05 HART 2021-B A3 0.38 01/15/2026 20,963.08 20,963.08 11/15/2024 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 293.55 293.55 11/15/2024 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 20,792.39 20,792.39 11/15/2024 Coupon
47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 34.06 34.06 11/15/2024 Principal Paydown 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 13,557.06 13,557.06 11/15/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 11/15/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 11/15/2024 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 11/15/2024 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/15/2024 Coupon 912828M56 2,500,000.00 UNITED STATES TREASURY 2.25 11/15/2025 28,125.00 28,125.00 11/15/2024 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 11/15/2024 Coupon 91282CDH1 2,000,000.00 UNITED STATES TREASURY 0.75 11/15/2024 7,500.00 7,500.00 11/15/2024 Final Maturity 91282CDH1 2,000,000.00 UNITED STATES TREASURY 0.75 11/15/2024 2,000,000.00 2,000,000.00 118
| 43
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/18/2024 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
11/18/2024 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 42.54 42.54 11/18/2024 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 8,810.65 8,810.65 11/18/2024 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 679.79 679.79 11/18/2024 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 17,936.52 17,936.52 11/18/2024 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 81.64 81.64 11/18/2024 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 8,621.69 8,621.69 11/18/2024 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 724.03 724.03 11/18/2024 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 21,291.14 21,291.14 11/20/2024 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
11/20/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 11/20/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 11/21/2024 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 57.47 57.47 11/21/2024 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 12,384.45 12,384.45 11/25/2024 Coupon 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 271.54 271.54 11/25/2024 Principal Paydown 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 19,245.20 19,245.20 11/25/2024 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 392.81 392.81 11/25/2024 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 16,140.71 16,140.71
11/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 11/25/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 11/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,274.14 3,274.14 11/25/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,439.39 2,439.39 11/25/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 11/25/2024 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,457.51 2,457.51 11/25/2024 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,725.56 1,725.56 11/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 11/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 11/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 11/25/2024 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,302.52 3,302.52 11/25/2024 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 1,987.58 1,987.58 119
| 44
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 November 2024
Total 4,915,895.41 376,199.34 5,292,094.75
DECEMBER 2024
12/02/2024 Coupon 023135CN4 425,000.00 AMAZON.COM INC 4.6 12/01/2025 9,775.00 9,775.00 12/02/2024 Coupon 438516CB0 1,000,000.00 HONEYWELL INTERNATIONAL INC 1.35 06/01/2025 6,750.00 6,750.00
12/02/2024 Coupon 912828ZT0 1,800,000.00 UNITED STATES TREASURY 0.25 05/31/2025 2,250.00 2,250.00 12/06/2024 Coupon 89115A2A9 1,000,000.00 TORONTO-DOMINION BANK 3.766 06/06/2025 18,830.00 18,830.00 12/09/2024 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 12/09/2024 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 12/09/2024 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 40,241.25 40,241.25 12/12/2024 Coupon 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 47,500.00 47,500.00 12/16/2024 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 12/16/2024 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 12/16/2024 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 12/16/2024 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 37.54 37.54 12/16/2024 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 8,393.09 8,393.09 12/16/2024 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 625.39 625.39 12/16/2024 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 16,891.79 16,891.79 12/16/2024 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 72.59 72.59 12/16/2024 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 8,173.35 8,173.35 12/16/2024 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 12/16/2024 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 253.35 253.35 12/16/2024 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 14,834.06 14,834.06 12/16/2024 Coupon 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 28.19 28.19 12/16/2024 Principal Paydown 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 9,685.69 9,685.69 12/16/2024 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 12/16/2024 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 12/16/2024 Coupon 63743HFE7 1,105,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 19,061.25 19,061.25
12/16/2024 Coupon 91282CDN8 900,000.00 UNITED STATES TREASURY 1.0 12/15/2024 4,500.00 4,500.00 120
| 45
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/16/2024 Final Maturity 91282CDN8 900,000.00 UNITED STATES TREASURY 1.0 12/15/2024 900,000.00 900,000.00 12/18/2024 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 657.85 657.85 12/18/2024 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 20,304.44 20,304.44 12/20/2024 Coupon 3130AQF40 1,400,000.00 FEDERAL HOME LOAN BANKS 1.0 12/20/2024 7,000.00 7,000.00 12/20/2024 Final Maturity 3130AQF40 1,400,000.00 FEDERAL HOME LOAN BANKS 1.0 12/20/2024 1,400,000.00 1,400,000.00 12/20/2024 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 12/20/2024 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 12/20/2024 Coupon 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 27,000.00 27,000.00 12/23/2024 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 48.38 48.38 12/23/2024 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 11,810.66 11,810.66 12/25/2024 Coupon 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 188.78 188.78 12/25/2024 Principal Paydown 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 19,826.06 19,826.06 12/25/2024 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 349.64 349.64 12/25/2024 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 15,272.04 15,272.04 12/25/2024 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 12/25/2024 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 12/25/2024 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,267.41 3,267.41 12/25/2024 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,600.42 2,600.42 12/25/2024 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 12/25/2024 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,452.70 2,452.70 12/25/2024 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,836.31 1,836.31 12/25/2024 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 12/25/2024 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 12/25/2024 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 12/25/2024 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,297.24 3,297.24 12/25/2024 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 2,130.20 2,130.20 12/25/2024 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 12/26/2024 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 12/31/2024 Coupon 9128285T3 2,500,000.00 UNITED STATES TREASURY 2.625 12/31/2025 32,812.50 32,812.50 12/31/2024 Coupon 912828YX2 1,750,000.00 UNITED STATES TREASURY 1.75 12/31/2026 15,312.50 15,312.50 12/31/2024 Coupon 91282CEW7 1,300,000.00 UNITED STATES TREASURY 3.25 06/30/2027 21,125.00 21,125.00 121
| 46
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount December 2024
Total 2,431,758.12 388,979.00 2,820,737.12
JANUARY 2025
01/06/2025 Coupon 3133ENKS8 755,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.125 01/06/2025 4,246.88 4,246.88
01/06/2025 Final Maturity 3133ENKS8 755,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.125 01/06/2025 755,000.00 755,000.00
01/08/2025 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 01/13/2025 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
01/15/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 01/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 01/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 01/15/2025 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 41,250.00 41,250.00
01/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 01/15/2025 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 224.67 224.67 01/15/2025 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 17,401.32 17,401.32 01/15/2025 Coupon 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 23.99 23.99 01/15/2025 Principal Paydown 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 17,491.60 17,491.60 01/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 01/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 01/16/2025 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 32.79 32.79 01/16/2025 Principal Paydown 362554AC1 101,685.17
GMCAR 2021-4 A3 0.68 09/16/2026 8,234.20 8,234.20
01/16/2025 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 574.15 574.15 01/16/2025 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 16,538.15 16,538.15 01/16/2025 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 64.01 64.01 01/16/2025 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 8,024.85 8,024.85 01/17/2025 Coupon 61747YET8 1,000,000.00 MORGAN STANLEY 4.679 07/17/2026 23,395.00 23,395.00 01/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 01/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 01/20/2025 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 594.74 594.74 01/20/2025 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 19,891.32 19,891.32 122
| 47
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/21/2025 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 39.72 39.72 01/21/2025 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 11,505.48 11,505.48 01/21/2025 Coupon 78016EYM3 1,000,000.00 ROYAL BANK OF CANADA 1.6 01/21/2025 8,000.00 8,000.00 01/21/2025 Final Maturity 78016EYM3 1,000,000.00 ROYAL BANK OF CANADA 1.6 01/21/2025 1,000,000.00 1,000,000.00 01/21/2025 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 01/22/2025 Coupon 3133EPW68 1,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.125 01/22/2026 28,875.00 28,875.00
01/27/2025 Coupon 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 103.53 103.53 01/27/2025 Principal Paydown 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 18,793.87 18,793.87 01/27/2025 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 308.78 308.78 01/27/2025 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 14,853.43 14,853.43 01/27/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 01/27/2025 Coupon 09290DAH4 750,000.00 BLACKROCK FUNDING INC 4.6 07/26/2027 17,250.00 17,250.00 01/27/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 01/27/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,260.24 3,260.24 01/27/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,457.35 2,457.35 01/27/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 01/27/2025 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,447.58 2,447.58 01/27/2025 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,737.01 1,737.01 01/27/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 01/27/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 01/27/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 01/27/2025 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,291.58 3,291.58 01/27/2025 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 2,001.06 2,001.06 01/27/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 01/30/2025 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 50,000.00 50,000.00
01/31/2025 Final Maturity 89233GNX0 2,000,000.00 Toyota Motor Credit Corporation 01/31/2025 2,000,000.00 2,000,000.00 01/31/2025 Coupon 912828Z52 2,000,000.00 UNITED STATES TREASURY 1.375 01/31/2025 13,750.00 13,750.00 01/31/2025 Final Maturity 912828Z52 2,000,000.00 UNITED STATES TREASURY 1.375 01/31/2025 2,000,000.00 2,000,000.00 01/31/2025 Coupon 91282CAB7 2,000,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,500.00 2,500.00 01/31/2025 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 123
| 48
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount January 2025 Total 5,893,929.63 335,834.47 6,229,764.10 FEBRUARY 2025
02/06/2025 Coupon 857477BR3 335,000.00 STATE STREET CORP 1.746 02/06/2026 2,924.55 2,924.55 02/06/2025 Effective Maturity 857477BR3 335,000.00 STATE STREET CORP 1.746 02/06/2026 335,000.00 335,000.00 02/10/2025 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 02/12/2025 Coupon 14913R2Z9 1,375,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.65 08/12/2025 25,093.75 25,093.75
02/14/2025 Coupon 3133ENPG9 1,200,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.75 02/14/2025 10,500.00 10,500.00
02/14/2025 Final Maturity 3133ENPG9 1,200,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

1.75 02/14/2025 1,200,000.00 1,200,000.00
02/14/2025 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
02/17/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 02/17/2025 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 28.12 28.12 02/17/2025 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 8,116.23 8,116.23 02/17/2025 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 523.98 523.98 02/17/2025 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 16,300.83 16,300.83 02/17/2025 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 55.58 55.58 02/17/2025 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 7,918.19 7,918.19 02/17/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 02/17/2025 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 191.03 191.03 02/17/2025 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 13,163.52 13,163.52
02/17/2025 Coupon 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 16.41 16.41 02/17/2025 Principal Paydown 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 15,507.09 15,507.09 02/17/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 02/17/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 02/18/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 02/18/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 02/18/2025 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 27,630.00 27,630.00 02/18/2025 Coupon 26442UAA2 1,000,000.00 DUKE ENERGY PROGRESS LLC 3.25 08/15/2025 16,250.00 16,250.00 02/18/2025 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 532.91 532.91 124
| 49
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/18/2025 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 19,555.31 19,555.31 02/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 02/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,255.33 1,255.33 02/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 14,574.70 14,574.70 02/21/2025 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 31.29 31.29 02/21/2025 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 11,250.12 11,250.12 02/24/2025 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 02/24/2025 Coupon 037833BY5 1,000,000.00 APPLE INC 3.25 02/23/2026 16,250.00 16,250.00 02/25/2025 Coupon 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 22.72 22.72 02/25/2025 Effective Maturity 05593AAC3 121,828.62 BMWLT 2023-1 A3 5.16 11/25/2025 5,283.06 5,283.06 02/25/2025 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 269.05 269.05 02/25/2025 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 13,598.48 13,598.48 02/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 02/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 02/25/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,253.47 3,253.47 02/25/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 17,851.90 17,851.90 02/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 02/25/2025 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,442.73 2,442.73 02/25/2025 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,742.59 1,742.59 02/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 02/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 02/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 02/25/2025 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,286.27 3,286.27 02/25/2025 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 2,007.60 2,007.60 02/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 02/26/2025 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 02/28/2025 Coupon 912828ZC7 1,200,000.00 UNITED STATES TREASURY 1.125 02/28/2025 6,750.00 6,750.00 02/28/2025 Final Maturity 912828ZC7 1,200,000.00 UNITED STATES TREASURY 1.125 02/28/2025 1,200,000.00 1,200,000.00 02/28/2025 Coupon 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,250.00 1,250.00 02/28/2025 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 February 2025
Total 2,881,869.61 345,344.29 3,227,213.90
125
| 50
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MARCH 2025
03/04/2025 Final Maturity 62479LQ40 2,700,000.00 MUFG Bank, Ltd. - New York Branch 03/04/2025 2,700,000.00 2,700,000.00
03/11/2025 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
03/17/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 03/17/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 03/17/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 03/17/2025 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 23.52 23.52 03/17/2025 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 7,903.54 7,903.54 03/17/2025 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 474.54 474.54 03/17/2025 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 15,022.32 15,022.32 03/17/2025 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 47.27 47.27 03/17/2025 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 7,683.91 7,683.91 03/17/2025 Coupon 437076CR1 1,000,000.00 HOME DEPOT INC 4.0 09/15/2025 20,000.00 20,000.00 03/17/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 03/17/2025 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 165.58 165.58 03/17/2025 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 10,754.60 10,754.60 03/17/2025 Coupon 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 9.69 9.69 03/17/2025 Principal Paydown 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 13,052.63 13,052.63 03/17/2025 Coupon 47800RAD5 335,000.00
JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67
03/17/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 03/18/2025 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 472.13 472.13 03/18/2025 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 18,991.51 18,991.51 03/18/2025 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 03/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 03/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,189.99 1,189.99 03/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 22,098.36 22,098.36 03/20/2025 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 03/21/2025 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 23.04 23.04 03/21/2025 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 10,899.13 10,899.13 126
| 51
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/24/2025 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
03/25/2025 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 232.68 232.68 03/25/2025 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 12,690.29 12,690.29 03/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 03/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 03/25/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,204.26 3,204.26 03/25/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 2,887.57 2,887.57 03/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 03/25/2025 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,437.87 2,437.87 03/25/2025 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,061.95 2,061.95 03/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 03/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 03/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 03/25/2025 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,280.93 3,280.93 03/25/2025 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 2,420.33 2,420.33 03/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 03/26/2025 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
03/31/2025 Coupon 9128285C0 3,250,000.00 UNITED STATES TREASURY 3.0 09/30/2025 48,750.00 48,750.00
03/31/2025 Coupon 9128286L9 2,500,000.00 UNITED STATES TREASURY 2.25 03/31/2026 28,125.00 28,125.00 03/31/2025 Coupon 912828ZF0 2,000,000.00 UNITED STATES TREASURY 0.5 03/31/2025 5,000.00 5,000.00 03/31/2025 Final Maturity 912828ZF0 2,000,000.00 UNITED STATES TREASURY 0.5 03/31/2025 2,000,000.00 2,000,000.00 03/31/2025 Coupon 91282CEF4 2,500,000.00 UNITED STATES TREASURY 2.5 03/31/2027 31,250.00 31,250.00 03/31/2025 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 March 2025 Total 4,826,466.13 447,456.24 5,273,922.37
APRIL 2025
04/09/2025 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 04/10/2025 Coupon 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 16,875.00 16,875.00
04/15/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 04/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 127
| 52
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 04/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 04/15/2025 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 144.78 144.78 04/15/2025 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 13,675.78 13,675.78 04/15/2025 Coupon 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 4.03 4.03 04/15/2025 Effective Maturity 47789QAC4 111,764.83 JDOT 2021-B A3 0.52 03/16/2026 9,308.51 9,308.51 04/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 04/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 04/15/2025 Coupon 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 37,500.00 37,500.00 04/15/2025 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 04/16/2025 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 19.04 19.04 04/16/2025 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 8,127.29 8,127.29 04/16/2025 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 428.97 428.97 04/16/2025 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 15,481.01 15,481.01 04/16/2025 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 39.20 39.20 04/16/2025 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 7,940.03 7,940.03 04/18/2025 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 413.10 413.10 04/18/2025 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 19,289.17 19,289.17 04/21/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 04/21/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,090.92 1,090.92 04/21/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 37,433.99 37,433.99 04/21/2025 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 15.04 15.04 04/21/2025 Principal Paydown 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 10,935.88 10,935.88 04/25/2025 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 198.73 198.73 04/25/2025 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 12,711.60 12,711.60 04/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 04/25/2025 Coupon 06406RBC0 900,000.00 BANK OF NEW YORK MELLON CORP 3.35 04/25/2025 15,075.00 15,075.00
04/25/2025 Final Maturity 06406RBC0 900,000.00 BANK OF NEW YORK MELLON CORP 3.35 04/25/2025 900,000.00 900,000.00
04/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 04/25/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,196.30 3,196.30 128
| 53
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/25/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 25,079.47 25,079.47 04/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 04/25/2025 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,432.12 2,432.12 04/25/2025 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,754.86 1,754.86 04/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 04/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 04/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 04/25/2025 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,274.51 3,274.51 04/25/2025 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 2,022.13 2,022.13 04/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 04/30/2025 Coupon 9128285J5 2,500,000.00 UNITED STATES TREASURY 3.0 10/31/2025 37,500.00 37,500.00 04/30/2025 Coupon 912828ZL7 2,000,000.00 UNITED STATES TREASURY 0.375 04/30/2025 3,750.00 3,750.00 04/30/2025 Final Maturity 912828ZL7 2,000,000.00 UNITED STATES TREASURY 0.375 04/30/2025 2,000,000.00 2,000,000.00 April 2025 Total 3,063,759.72 221,268.84 3,285,028.56
MAY 2025
05/01/2025 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
05/05/2025 Coupon 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 16,750.00 16,750.00 05/08/2025 Coupon 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 23,750.00 23,750.00
05/12/2025 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 05/12/2025 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 13,068.75 13,068.75 05/13/2025 Coupon 14913R2V8 480,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.4 05/13/2025 8,160.00 8,160.00
05/13/2025 Final Maturity 14913R2V8 480,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.4 05/13/2025 480,000.00 480,000.00
05/15/2025 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
05/15/2025 Coupon 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 2,556.63 2,556.63 05/15/2025 Final Maturity 02582JJT8 905,000.00 AMXCA 2022-2 A 05/17/2027 905,000.00 905,000.00 05/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 05/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 05/15/2025 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 129
| 54
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 05/15/2025 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 118.35 118.35 05/15/2025 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 12,552.25 12,552.25 05/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 05/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 05/15/2025 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 05/15/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 05/15/2025 Coupon 912828M56 2,500,000.00 UNITED STATES TREASURY 2.25 11/15/2025 28,125.00 28,125.00 05/15/2025 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 05/16/2025 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 14.44 14.44 05/16/2025 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 7,860.04 7,860.04 05/16/2025 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 382.01 382.01 05/16/2025 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 14,821.82 14,821.82 05/16/2025 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 30.86 30.86 05/16/2025 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 7,642.65 7,642.65 05/19/2025 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
05/19/2025 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 353.14 353.14 05/19/2025 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 18,604.75 18,604.75 05/20/2025 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
05/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 05/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 923.09 923.09 05/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 35,327.85 35,327.85 05/21/2025 Coupon 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 7.02 7.02 05/21/2025 Effective Maturity 43815GAC3 117,899.20 HAROT 2021-4 A3 0.88 01/21/2026 9,576.58 9,576.58 05/26/2025 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 164.73 164.73 05/26/2025 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 12,202.34 12,202.34 05/26/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 05/26/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 05/26/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,127.16 3,127.16 05/26/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 21,068.64 21,068.64 130
| 55
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/26/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 05/26/2025 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,427.23 2,427.23 05/26/2025 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,864.63 1,864.63 05/26/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 05/26/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 05/26/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 05/26/2025 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,269.14 3,269.14 05/26/2025 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 2,163.60 2,163.60 05/26/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 May 2025 Total 1,528,685.15 366,639.26 1,895,324.41
JUNE 2025
06/02/2025 Coupon 023135CN4 425,000.00 AMAZON.COM INC 4.6 12/01/2025 9,775.00 9,775.00 06/02/2025 Coupon 438516CB0 1,000,000.00 HONEYWELL INTERNATIONAL INC 1.35 06/01/2025 6,750.00 6,750.00
06/02/2025 Final Maturity 438516CB0 1,000,000.00 HONEYWELL INTERNATIONAL INC 1.35 06/01/2025 1,000,000.00 1,000,000.00
06/02/2025 Coupon 912828ZT0 1,800,000.00 UNITED STATES TREASURY 0.25 05/31/2025 2,250.00 2,250.00 06/02/2025 Final Maturity 912828ZT0 1,800,000.00 UNITED STATES TREASURY 0.25 05/31/2025 1,800,000.00 1,800,000.00 06/06/2025 Coupon 89115A2A9 1,000,000.00 TORONTO-DOMINION BANK 3.766 06/06/2025 18,830.00 18,830.00 06/06/2025 Final Maturity 89115A2A9 1,000,000.00 TORONTO-DOMINION BANK 3.766 06/06/2025 1,000,000.00 1,000,000.00 06/09/2025 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 06/09/2025 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 06/09/2025 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 40,241.25 40,241.25 06/12/2025 Coupon 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 47,500.00 47,500.00 06/16/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 06/16/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 06/16/2025 Coupon 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 9.98 9.98 06/16/2025 Principal Paydown 362554AC1 101,685.17 GMCAR 2021-4 A3 0.68 09/16/2026 7,517.37 7,517.37 06/16/2025 Coupon 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 337.05 337.05 06/16/2025 Principal Paydown 36265WAD5 289,590.48 GMCAR 2022-3 A3 3.64 04/16/2027 14,552.88 14,552.88 06/16/2025 Coupon 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 22.84 22.84 06/16/2025 Principal Paydown 380146AC4 105,495.80 GMCAR 2022-1 A3 1.26 11/16/2026 7,507.52 7,507.52 131
| 56
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/16/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 06/16/2025 Coupon 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 94.08 94.08 06/16/2025 Principal Paydown 47787JAC2 210,854.84 JDOT 2022 A3 0.36 09/15/2026 10,156.88 10,156.88 06/16/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 06/16/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 06/16/2025 Coupon 63743HFE7 1,105,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 19,061.25 19,061.25
06/16/2025 Final Maturity 63743HFE7 1,105,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 1,105,000.00 1,105,000.00
06/18/2025 Coupon 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 295.31 295.31 06/18/2025 Principal Paydown 43815PAC3 302,274.62 HAROT 2022-2 A3 3.73 07/20/2026 16,659.10 16,659.10 06/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 06/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 764.70 764.70 06/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 32,071.83 32,071.83 06/20/2025 Coupon 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 27,000.00 27,000.00 06/25/2025 Coupon 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 132.08 132.08 06/25/2025 Principal Paydown 05602RAD3 199,865.36 BMWOT 2022-A A3 3.21 08/25/2026 11,913.44 11,913.44 06/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 06/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 06/25/2025 Coupon 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 3,069.08 3,069.08
06/25/2025 Principal Paydown 3137BM7C4 1,223,000.00 FHMS K-051 A2 3.308 09/25/2025 107,822.36 107,822.36 06/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 06/25/2025 Coupon 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 2,422.02 2,422.02 06/25/2025 Principal Paydown 3137BTUM1 886,339.56 FHMS K-061 A2 3.347 11/25/2026 1,766.49 1,766.49 06/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 06/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 06/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 06/25/2025 Coupon 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 3,263.39 3,263.39 06/25/2025 Principal Paydown 3137FBU79 1,249,554.59 FHMS K-069 A2 3.187 09/25/2027 2,035.83 2,035.83 06/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 06/25/2025 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 06/30/2025 Coupon 9128285T3 2,500,000.00 UNITED STATES TREASURY 2.625 12/31/2025 32,812.50 32,812.50 132
| 57
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/30/2025 Coupon 912828YX2 1,750,000.00 UNITED STATES TREASURY 1.75 12/31/2026 15,312.50 15,312.50 06/30/2025 Coupon 91282CEW7 1,300,000.00 UNITED STATES TREASURY 3.25 06/30/2027 21,125.00 21,125.00 June 2025 Total 5,117,003.70 372,798.52 5,489,802.22
Grand Total 502,680,977.99 42,553,091.75 4,018,403.05 46,571,494.80 133
| 58
Murrieta Consolidated | Account # July 31, 2024
Execution Time: 08/02/2024 11:32:11 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

IMPORTANT DISCLOSURES
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV).

To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and 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 this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ice Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN “AS IS” BASIS; ICE, ITS AFFILIATES AND

THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM.

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Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Ratings: Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P , Moody’s and Fitch respectively. 134
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
August 07, 2024
LAIF Home
PMIA Average Monthly
Yields

CITY OF MURRIETA

FINANCE DIRECTOR
1 TOWNE SQUARE
MURRIETA, CA 92562
Account Number:

July 2024 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
7/15/2024 7/12/2024 QRD 1757094 N/A SYSTEM 21,558.11
Account Summary
Total Deposit: 21,558.11 Beginning Balance: 1,910,673.89 Total Withdrawal: 0.00 Ending Balance: 1,932,232.00
8/7/24, 12:46 PM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/1135

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 07/01/2024 THROUGH 07/31/2024

FOR QUESTIONS, PLEASE CALL YOUR CUSTOMER SERVICE OFFICER OR CUSTOMER CARE FOR BUSINESS (CC4B) SERVICE OFFICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
7-01-2024 Beginning Balance 125,777,063.61
7-01-2024 Sweep Funds Return To DDA 4,885,938.63
7-02-2024 Next Day Sweep Purchase 3,422,291.95
7-03-2024 Sweep Funds Return To DDA 5,972,987.77
7-05-2024 Next Day Sweep Purchase 944,746.03
7-08-2024 Next Day Sweep Purchase 5,533,442.18
7-09-2024 Sweep Funds Return To DDA 345,143.94
7-10-2024 Sweep Funds Return To DDA 2,104,458.34
7-11-2024 Next Day Sweep Purchase 219,945.44
7-12-2024 Sweep Funds Return To DDA 238,147.08
7-15-2024 Sweep Funds Return To DDA 585,448.35
7-16-2024 Sweep Funds Return To DDA 2,237,543.48
7-17-2024 Sweep Funds Return To DDA 340,282.87
7-18-2024 Next Day Sweep Purchase 290,250.01
7-19-2024 Sweep Funds Return To DDA 41,424.30
7-22-2024 Sweep Funds Return To DDA 414,461.42
7-23-2024 Next Day Sweep Purchase 120,060.41
7-24-2024 Sweep Funds Return To DDA 1,551,245.65
7-25-2024 Next Day Sweep Purchase 4,017,038.47
7-26-2024 Sweep Funds Return To DDA 284,180.60
7-29-2024 Next Day Sweep Purchase 559,127.25
7-30-2024 Next Day Sweep Purchase 26,067.09
7-31-2024 Next Day Sweep Purchase 341,551.34
7-31-2024 Ending Balance 122,250,321.35
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 07-01 120,891,124.98 5.220 % .000143024 17,290.33
07-02 124,313,416.93 5.244 % .000143696 17,863.34
07-03 118,340,429.16 5.238 % .000143511 16,983.15
07-04* 118,340,429.16 5.238 % .000143511 16,983.15
07-05 119,285,175.19 5.222 % .000143092 17,068.75

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 3,431,847.41
Federal Withholding YTD .00
7-Day Simple Yield 5.24370 %
Federal Withholding .00
Beginning Balance 125,777,063.61
Shares Purchased 15,474,520.17 +
Shares Redeemed 19,001,262.43 -
Ending Balance 122,250,321.35
Prior Month Dividends Paid to Checking 540,285.82
Dividends Earned in Current Month 537,318.61
Funds Pending Redemption 669,844.02-
136

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 07-06* 119,285,175.19 5.222 % .000143092 17,068.75
07-07* 119,285,175.19 5.222 % .000143092 17,068.75
07-08 124,818,617.37 5.222 % .000143086 17,859.80
07-09 124,473,473.43 5.229 % .000143276 17,834.06
07-10 122,369,015.09 5.232 % .000143364 17,543.31
07-11 122,588,960.53 5.235 % .000143425 17,582.32
07-12 122,350,813.45 5.235 % .000143429 17,548.65
07-13* 121,765,365.10 5.235 % .000143429 17,464.68
07-14* 121,765,365.10 5.235 % .000143429 17,464.68
07-15 121,765,365.10 5.240 % .000143576 17,482.58
07-16 119,527,821.62 5.241 % .000143599 17,164.08
07-17 119,187,538.75 5.242 % .000143640 17,120.10
07-18 119,477,788.76 5.235 % .000143428 17,136.46
07-19 119,436,364.46 5.238 % .000143531 17,142.82
07-20* 119,021,903.04 5.238 % .000143531 17,083.33
07-21* 119,021,903.04 5.238 % .000143531 17,083.33
07-22 119,021,903.04 5.237 % .000143480 17,077.26
07-23 119,141,963.45 5.237 % .000143500 17,096.87
07-24 117,590,717.80 5.254 % .000143966 16,929.07
07-25 121,607,756.27 5.244 % .000143697 17,474.67
07-26 121,323,575.67 5.245 % .000143717 17,436.26
07-27* 121,323,575.67 5.245 % .000143717 17,436.26
07-28* 121,323,575.67 5.245 % .000143717 17,436.26
07-29 121,882,702.92 5.243 % .000143646 17,507.96
07-30 121,908,770.01 5.240 % .000143572 17,502.69
07-31 122,250,321.35 5.250 % .000143843 17,584.85
TOTAL MTD 537,318.57

* Indicates non-business day

THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

An Investment in a MMMF is not insured by the Federal Deposit Insurance Corporation or any other government agency. Although the MMMF's seek to preserve the value of customer's investment at $1.00 per share, it is possible to lose money by investing in a MMMF.

Allspring Funds Management, LLC, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC ("Allspring Global"), provides investment advisory and administrative services for the Allspring Funds?. Other subsidiaries of Allspring Global provide sub-advisory and other services for the funds. The funds are distributed by Allspring Funds Distributor, LLC, Member FINRA/SIPC, a subsidiary of Allspring Global.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
07/01/2024 - 07/31/2024

Account Number - DDA
1643979121

137

CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. 4.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Kim Summers, City Manager
PREPARED BY: Bryce Wilson, Management Analyst
SUBJECT:

Awarding a Contract to Applied Building for Roofing Repair and Restoration at the City of Murrieta City Hall

RECOMMENDATION
Award a contract to Applied Building for the installation of a Silicone Roofing Application for the City of Murrieta City Hall Roof Repair Project, CIP No. 10027, in the amount of $130,335 plus a fifteen percent (15%) contingency; and
Authorize the City Manager to execute the agreement and other related documents.

PRIOR ACTION/VOTE
On August 16, 2022, the City Council adopted Resolution No. 22-4601, approving the Fiscal Year 2022/23 Capital Improvement Plan (CIP) Budget and approving the Fiscal Years 2022/23 to 2026/27 Capital Improvement Plan (Vote: 5-0).

CITY COUNCIL GOAL
Plan, program and create infrastructure development.

BACKGROUND
The City Hall roof is over 17 years old and showing signs of long-term wear and tear. Industry standards suggest replacing the roof every 12-20 years. Over the years, the rooftop has developed several leaks that become evident even during small weather events. In 2018, the City Council recognized that the roof was nearing the end of its life span and dedicated a Capital Improvement Project (CIP) to replace it. In Fiscal Year 2022/23, the City Council approved an appropriation of $202,000 to repair the City Hall roof (CIP No. 10027).

On June 16, 2023, the City publicly advertised a notice inviting bids for the re-roofing of City Hall using the application method of Thermoplastic Polyolefin (TPO), which is a single layer of synthetics and reinforcing scrim used to cover flat roofs. Six (6) potential bidders attended the mandatory walk-through on June 28, CITY OF MURRIETA Printed on 9/12/2024Page 1 of 2
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9/17/2024
Agenda Item No. 4.
scrim used to cover flat roofs. Six (6) potential bidders attended the mandatory walk-through on June 28, 2023. On July 17, 2023, five (5) vendors submitted bid proposals. Of those five bids, three were deemed valid.

The lowest bid was more than $280,000 over the estimated cost. Due to the higher than anticipated costs, staff explored alternative roofing solutions.

In researching other solutions, staff found that the City Hall roof is a candidate for using silicone or acrylic roofing application methods. These approaches are less expensive than a TPO roofing system and provide a 20-year warranty. In anticipation of much lower repair costs and in accordance with the City’sPurchasing Policy, the City conducted the informal competitive purchasing procedure and requested quotes from several roofing companies specializing in the silicone application method and received three quotes. Staff recommends awarding a contract to Applied Building Services Inc., dba Applied Roofing Services (ARS), who provided the lowest quote. See table below for the list of bidders.

Company Name Proposal Cost
Applied Roofing Services $130,335
Hull & Sons $140,798
AMS Construction $184,576
The agreement with Applied Building Services, Inc. dba Applied Roofing Services provides roofing services, including the application of a fluid-applied silicone roofing system in the amount not to exceed $130,335, plus a 15% contingency, for a total of $149,885.25.

FISCAL IMPACT
Funding is available in CIP No. 10027.

ATTACHMENTS

1. Applied Building Services Agreement
CITY OF MURRIETA Printed on 9/12/2024Page 2 of 2
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CITY OF MURRIETA, DEPARTMENT OF PUBLIC WORKS
01375.0006/1005114.1 CONTRACT C-1 9/12/2024
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CONTRACT

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

THIS CONTRACT, made and entered into the 16th day, of September 2024, by and between the City of Murrieta, a municipal corporation, hereinafter referred to as "CITY,” and Applied Building Services, Inc., hereinafter referred to as "CONTRACTOR."

WITNESSETH:

That CITY and CONTRACTOR, for the consideration hereinafter named, mutually agree as follows:

1. CONTRACT DOCUMENTS . The complete Contract includes all of the Contract Documents, to wit: Instructions to Bidders, Proposal, Performance Bond, Labor and Materials Bond, Plans and Special Provisions entitled CITY OF MURRIETA, Insurance Forms, this Contract, and all modific ations and amendments thereto, and the latest version of the Standard Specifications for Public Works Construction, Parts 1 through 6, with the exception of Section 307, "Street Lighting and Traffic Signals," and the addition of the Standard Specifications , Department of Transportation, State of California State Standard Specifications, Section 86, "Signals, Lighting and Electrical Systems," and Section 56, "Signs," dated May 2006.

The Plans consist of:

PLANS FOR THE CITY OF MURRIETA CITY HALL SILICONE RO OF REPLACEMENT PROJECT: CIP Project No. 10027

Copies of the Standard Specifications for Public Works Construction are available from the publisher:

Building News, Inc. (BNi)
990 Park Center Drive, Suite E
Vista, CA 92081
(760) 734-1113
www.bnibooks.com

The aforementioned Standard Specifications will control the general provisions, construction materials, and construction methods for this Contract except as amended by the Plans and Specifications of this Contract.

In case of conflict between the Standard Specifications for Public Works Construction or State Standard Specifications, and the remaining Contract Documents, the remaining Contract Documents shall take precedence over and be used in lieu of such conflicting portions.

Where the Plans or Specifications describe portions of the work in general terms, but not in complete detail, it is understood that the item is to be furnished and installed completed and in place and that only the best general practice is to be used.

Unless otherwise specified, CONTRACTOR shall furnish all labor, materials, tools, equipment, and incidentals, and do all the work involved in executing the Contract.

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01375.0006/1005114.1 CONTRACT C-2 9/12/2024
C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] The Contract Documents are complementary, and what is called for by anyone shall be as binding as if called for by all. Any conflict between this Contract and any other Contract Document shall be resolved in favor of this Contract.

2. SCOPE OF WORK. CONTRACTOR shall perform the work as shown on the Contract Drawings, shall furnish all the labor, materials, necessary tools, expendable equipment, and all utility and transportation services required for the completion of the following project:

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT CITY PROJECT NO. 10027

All of said work to be performed and materials to be furnished shall be in strict accordance with the Drawings and Specifications and the provisions of the Contract Documents hereinabove enumerated and adopted by CITY.

3. CITY APPROVAL. All labor, materials, tools, equ ipment, and services shall be furnished and work performed and completed under the direction and supervision and subject to the approval of CITY or its authorized representatives.

4. CONTRACT AMOUNT AND SCHEDULE. CITY agrees to pay the Contractor the amount of $130,335 for furnishing all materials, performing all work, and fulfilling all obligations hereunder. Said compensation shall cover all expenses, losses, damages, and consequences arising out of the nature of the work during its progress or prio r to its acceptance, including those for well and faithfully completing the work and the whole thereof in the manner and time specified in the aforesaid contract documents and also including those arising from actions of the elements, unforeseen difficulti es or obstructions encountered in the prosecution of the work, suspension or discontinuance of the work, and all other unknowns or risks of any description connected with the work.

CONTRACTOR agrees to complete the work on CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT in a period not to exceed Thirty (30) working days per Section 6-7 of the Standard Specifications for Public Works Construction, commencing upon the date stated in the Notice to Proceed by CITY.

Construction shall not commence until bonds and insurance are approved by CITY.

5. CHANGE ORDERS. All change orders shall be approved by the City Council, except that the City Manager or his designee is hereby authorized by the City Council to make, by written order, changes or additions to the work in an amount not to exceed fifteen (15) percent of this Contract amount and the City Manager or his designee shall notify City Council in a public meeting if changes or additions to the work exceed ten (10) percent of this Contract amount.

6. PAYMENTS/ACCEPTANCE OF WORK . The text of Subsection 9 -3.2 of the Standard Specifications for Public Works Construction is hereby deleted and replaced with the following:

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] The closure date for the purpose of making partial progress payments will be the last day of each month. CONTRACTOR shall prepare the approximate measurement of the work performed through the closure date and submit it to CITY for approval by the tenth (10th) day of the following month. Payments will be withheld pending receipt of any outstanding reports required by the Contract Documents. A full five percent (5%) retention will be deducted from all progress payments. Partial payments on the Contract price shall not be considered as an acceptance of any part of the work.

Upon completion of the work, CONTRACTOR shall so notify Engineer, in writing, submit satisfactory evidence of payment for equipment, materials and labor, submit "CONTRACTOR'S AFFIDAVIT." Upon receipt of the notification, Engineer shall promptly, by personal inspection, determine the actual status of the work in accordance with the terms of the Contract. If he finds materials, equipment, or workmanship that do not meet the terms of the Contract, he shall prepare a preliminary punch list of such items and submit it to CONTRACTOR. Final determination of acceptability shall be made by CITY. Upon acceptance of the work, CITY shall file a Notice of Completion.

The conditions of the guarantee shall commence on the date that CITY files a Notice of Completion. CITY shall make final payment to CONTRACTOR in the manner provided by law following the expiration of thirty-five (35) days after filing the Notice of Completion.

The final payment shall include the entire sum found to be due hereunder after deducting all previous payments and such other lawful amounts as the terms of this Contract describe.

7. LIQUIDATED DAMAGES; EXTENSION OF TIME . In accordance with Government Code Section 53069.85, CONTRACTOR agrees to forfeit and pay to CITY the sum of seven hundred dollars ($700) per day for each calendar day completion is delayed beyond the time allowed pursuant to paragraph 4 of this Contract.

Such sum shall be deducted from any payments due to or to become due to CONTRACTOR. CONTRACTOR will be granted an extension of time and will not be assessed liquidated damages for unforeseeable delays beyond the control of and without the fault or negligence of CONTRACTOR, including delays caused by CITY.

CONTRACTOR is required to promptly notify CITY of any such delay.

8. WAIVER OF CLAIMS. Unless a shorter time is specified elsewhere in this Contract, on or before making final request for payment under paragraph 6 above, CONTRACTOR shall submit to CITY, in writing, all claims for compensation under or arising out of this Contract; the acceptance by CONTRACTOR of the final payment shall constitute a waiver of all claims against CITY under or arising out of this Contract except those previously made in writing and request for payment. CONTRACTOR shall be required to execute an affidavit, release, and indemnify agreement with each claim for payment.

9. PREVAILING WAGES. Pursuant to provisions of Section 1773 of the Labor Code of the State of California, the City Council has obtained the general prevailing rate of per diem wages and the general rate for holiday and overtime work in this locality for each craft, classification, or type of workman needed to execute this Contract, from Director of the Department of Industrial Relations. These rates are on file with the 142

CITY OF MURRIETA, DEPARTMENT OF PUBLIC WORKS
01375.0006/1005114.1 CONTRACT C-4 9/12/2024
C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] City Clerk. Copies may be obtained at cost at the City Clerk's office of Murrieta.

CONTRACTOR shall post a copy of such rates at the job site and shall pay the adopted prevailing wage rates as a minimum. CONTRACTOR shall comply with the provisions of Sections 1773.8, 1775, 1776, 1777.5, 1777.6, and 1813 of the Labor Code.

Pursuant to the provisions of 1775 of the Labor Code, CONTRACTOR shall forfeit to CITY, as a penalty, the sum of fifty dollars ($50.00) for each calendar day, or portion thereof, for each laborer, worker, or mechanic employed, paid less than the stipulated prevailing rates for any work done under this Contract, by him or by any subcontractor under him, in violation of the provisions of the Contract.

10. WORKERS' COMPENSATION LI ABILITY INSURANCE. CONTRACTOR, by executing this Agreement, hereby certifies:

"I am aware of the provision of Section 3700 of the Labor Code that requires every employer to be insured against liability for Workers' Compensation or undertake self- insurance in accordance with the provisions of that Code, and I will comply with such provisions before commencing the performance of the work of this Contract."

11. TIME OF THE ESSENCE. Time is of the essence in this Contract.

12. INDEMNIFICATION. All wor k covered by this Contract done at the site of construction or in preparing or delivering materials to the site shall be at the risk of CONTRACTOR alone. CONTRACTOR agrees to save, indemnify, hold harmless, and defend CITY, its officers, employees, and agents against any and all liability, injuries, or death of persons (CONTRACTOR's employees included) and damage to property, arising directly or indirectly out of the obligations herein undertaken or out of the operations conducted by CONTRACTOR, save and except claims or litigations arising through the sole active negligence or sole willful misconduct of CITY.

13. CONTRACTOR'S INDEPENDENT INVESTIGATION. No plea of ignorance of conditions that exist or that may hereafter exist or of conditions of difficulties that may be encountered in the execution of the work under this Contract, as a result of failure to make the necessary independent examinations and investigations, and no plea of reliance on initial investigations or reports prepared by CITY for purposes of letting this Contract out to bid will be accepted as an excuse for any failure or omission on the part of CONTRACTOR to fulfill in every detail all requirements of this Contract. Nor will such reasons be accepted as a basis for any claims whatsoever for extra compensation or for an extension of time.

14. GRATUITIES. CONTRACTOR warrants that neither it nor any of its employees, agents, or representatives has offered or given any gratuities or promises to CITY's employees, agents, or representatives with a view toward securing this Contract or securing favorable treatment with respect thereto.

15. CONFLICT OF INTEREST. CONTRACTOR warrants that he has no blood or marriage relationship, and that he is not in any way associated with any City officer or employee, or 143

CITY OF MURRIETA, DEPARTMENT OF PUBLIC WORKS
01375.0006/1005114.1 CONTRACT C-5 9/12/2024
C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] any architect, engineer, or other preparer of the Drawings and Specifications for this project.

CONTRACTOR further warrants that no person in his employ has been employed by CITY within one (1) year of the date of Notice Inviting Bids.

16. CONTRACTOR'S AFFIDAVIT. After completion of the work contemplated by this Contract, CONTRACTOR shall file with the City Manager his affidavit stating that all workmen and persons employed, all firms supplying materials, and all subcontractors upon the project have been paid in full, and that there are no claims outstanding against the project for either labor or materials, except certain items, if any, to be set forth in an affidavit covering disputed claims or items in connection with a Stop Notice that has been filed under the provisions of the laws of the State of California.

17. SIGNATURE OF CONTRACTOR

Corporations:

The signature must contain the name of the corporation, must be signed by the President and Secretary or Assistant Secretary, and the corporate seal must be affixed. Other persons may sign for the corporation in lieu of the above if a certified copy of a resolution of the corporate board of directors so authorizing them to do so is on file in the City Clerk's office.

Partnerships:

Names of all persons comprising the partnership or co-partnership must be stated. Bid must be signed by all partners comprising the partnership unless proof in the form of a certified copy of a certificate of partnership acknowledging signer to be a general partner is presented to the City Clerk, in which case the general partner may sign.

Joint Ventures:

Bids submitted as joint ventures must so state and be signed by each joint venturer.

Individuals:

Bids submitted by individuals must be signed by the bidder, unless an up-to-date power of attorney is on file in the City Clerk's office, in which case said person may sign for the individual.

The above rules also apply in the case of the use of a fictitious firm name. In addition, however, where the fictitious name is used, it must be so indicated in the signature.

18. SUBSTITUTED SECURITY . In accordance with Section 22300 of the Public Contracts Code, CONTRACTOR may substitute securities for any monies withheld by CITY to ensure performance under the Contract.

At the request and expense of CONTRACTOR, securities equivalent to the amount withheld shall be deposited with CITY or with a State or Federally chartered bank or an escrow agent who shall pay such monies to CONTRACTOR upon notification by CITY of CONTRACTOR's satisfactory completion of the Contract. The type of securities deposited and the method of release shall be approved by the City Attorney's office.

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19. RESOLUTION OF CLAIMS. In the event of any dispute or controversy with the City over any matter whatsoever, the Contractor shall not cause any delay or cessation in or of work, but shall proceed with the performance of the work in dispute. The Contractor shall retain any and all rights provided that pertain to the resolution of disputes and protests between the Parties. The disputed work will be categorized as an “unresolved dispute” and payment, if any, shall be as later determined as set forth below. The Contractor shall keep accurate, detailed records of all disputed work, claims and other disputed matters.

Section 20104 et seq. of the California Public Contract Code prescribes a process utilizing informal co nferences, non -binding judicial -supervised mediation, and judicial arbitration to resolve disputes on construction claims of $375,000 or less. Section 9204 of the Public Contract Code prescribes a process for negotiation and mediation to resolve disputes on construction claims.

The intent of this Section is to implement Sections 20104 et seq. and Section 9204 of the California Public Contract Code. This Section shall be construed to be consistent with said statutes.

For purposes of these procedures, “claim” means a separate demand by the Contractor, after the City has denied Contractor’s timely and duly made request for payment for ext ra work and/or a time extension, for (A) a time extension, (B) payment of money or damages arising from work done by or on behalf of the Contractor pursuant to the Contract and payment of which is not otherwise expressly provided for or the Contractor is not otherwise entitled to, or (C) an amount the payment of which is disputed by the City.

The following requirements apply to all claims to which this section applies:
(a) Claim Submittal. The claim shall be in writing and include the documents necessary to substantiate the claim. Claims governed by this procedure must be filed on or before the date of final payment. Nothing in this section is intended to extend the time limit or supersede notice requirements otherwise provided in the Contract for the filing of claims, including all requirements pertaining to compensation or payment for extra work, disputed work, and/or changed conditions . Failure to follow such contractual requirements shall bar any claims or subsequent lawsuits for compensation or payment thereon. (b) Supporting Documentation. The Contractor shall submit all claims in the following format:
(i) Summary of the claim, including references to the specific Contract Document provisions upon which the claim is based.
(ii) List of documents relating to claim: (a) Specifications, (b) Drawings, (c) Clarifications (Requests for Information), (d) Schedules, and (e) Other. (iii) Chronology of events and correspondence related to the claim. (iv) Statement of grounds for the claim.
(v) Analysis of the claim’s cost, if any.
(vi) Analysis of the claim’s time/schedule impact, if any. 145

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01375.0006/1005114.1 CONTRACT C-7 9/12/2024
C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] (c) City’s Response. Upon receipt of a claim pursuant to this section, City shall conduct a reasonable review of the claim and, within a period not to exceed 45 calendar days, shall provide the Contractor a written statement identifying what portion of the claim is disputed and what portion is undisputed. Any payment due on an undisputed portion of the claim will be processed and made within 60 calendar days after the City issues its written statement. (i) If the City needs approval from the City Council to provide the Contractor a written statement identifying the disputed portion and the undisputed portion of the claim, and the City Council does not meet within the 45 calendar days or within the mutually agreed to extension of time following receipt of a claim sent by registered mail or certified mail, return receipt requested, the City shall have up to three days following the next duly publicly noticed meeting of the City Council after the 45 -day period, or extension, expires to provide the Contractor a written statement identifying the disputed portion and the undisputed portion. (ii) Within 30 calendar days of receipt of a claim, the City may request in writing additional documentation supporting the claim or relating to defenses or claims the City may have against the Contractor. If additional information is thereafter required, it shall be requested and provided pursuant to t his subdivision, upon mutual Contract of City and the Contractor.
(iii) The City’s written response to the claim, as further documented, shall be submitted to the Contractor within 30 calendar days (if the claim is less than $50,000, within 15 calendar days) after receipt of the further documentation, or within a period of time no greater than that taken by the Contractor in producing the additional information or requested documentation, whichever is greater.
(d) Meet and Confer. If the Contractor disputes the City’s written response, or the City fails to respond within the time prescribed, the Contractor may so notify the City, in writing, either within 15 calendar days of receipt of the City’s response or within 15 calendar days of the City’s failure to respond wi thin the time prescribed, respectively, and demand an informal conference to meet and confer for settlement of the issues in dispute. Upon receipt of a demand, the City shall schedule a meet and confer conference within 30 calendar days for settlement of the dispute.
(e) Mediation. Within 10 business days following the conclusion of the meet and confer conference, if the claim or any portion of the claim remains in dispute, the City shall provide the Contractor a written statement identifying the portion of the claim that remains in dispute and the portion that is undisputed. Any payment due on an undisputed portion of the claim shall be processed and made within 60 calendar days after the City issues its written statement.

Any disputed portion of the claim, as identified by the Contractor in writing, shall be submitted to nonbinding mediation, with the City and the Contractor sharing the associated costs equally. The City and Contractor shall mutually agree to a mediator within 10 business days after the dispute d portion of the claim has been identified in writing, unless the Parties agree to select a mediator at a later time.
(i) If the Parties cannot agree upon a mediator, each Party shall select a mediator and those mediators shall select a qualified neutral third Party to mediate with regard to the disputed portion of the claim. Each Party shall bear the fees and costs charged by its respective mediator in connection with the selection of the neutral mediator. 146

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01375.0006/1005114.1 CONTRACT C-8 9/12/2024
C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] (ii) For purposes of this section, mediation includes any nonbinding process, including, but not limited to, neutral evaluation or a dispute review board, in which an independent third party or board assists the Parties in dispute resolution through negotiation or by issuance of an evaluation. Any mediation utilized shall conform to the timeframes in this section. (iii) Unless otherwise agreed to by the City and the contractor in writing, the mediation conducted pursuant to this section shall excuse any further obligation under Public Contract Code Section 20104.4 to mediate after litigation has been commenced. (iv) All unresolved claims shall be considered jointly in a single mediation, unless a new unrelated claim arises after mediation is completed. (f) City’s Responses . The City’s failure to respond to a claim from the Contractor within the time periods described in this section or to otherwise meet the time requirements of this section shall result in the claim being deemed rejected in its entirety. A claim that is denied by reason of the City’s failure to have responded to a claim, or its failure to otherwise meet the time requirements of this section, shall not constitute an adverse finding with regard to the merits of the claim or the responsibility of qualifications of the Contractor . City’s failure to respond shall not waive City’s rights to any subsequent procedures for the resolution of disputed claims.
(g) Government Code Claims . If following the mediation, the claim or any portion remains in dispute, the Contractor must comply with the claim procedures set forth in Government Code section 900 et seq. prior to filing any lawsuit against the City. Such Government Code claims and any subsequent lawsuit based upon the Government Code claims shall be limited to those matters that remain unresolved after all procedures pertaining to extra work, disputed work, construction claims, and/or changed conditions, including any required mediation, have been followed by Contractor. If no such Government Code claim is submitted, or if the prerequisite contractual requirements are not satisfied, no action against the City may be filed. A Government Code claim must be filed no earlier than the date that Contractor completes all contractual prerequisites to filing a Government Code claim, including any required mediation. A Government Code claim shall be inclusive of all unresolved claims unless a new unrelated claim arises after the Government Code claim is submitted. For purposes of Government Code section 900 et seq., the running of the period of time within which a claim must be filed shall be tolled from the time the Contractor submits his or her written claim to the City until the time the claim is denied, including any period of time utilized by the meet and confer conference or mediation that does not result in a complete resolutions of all claims.
(h) Civil Actions for Claims of $375,000 or Less. The following procedures are established for all civil actions filed to resolve claims totaling $375,000 or less:
(i) Within 60 calendar days, but no earlier than 30 calendar days, following the filing or responsive pleadings, the court shall submit the matter to non -binding mediation unless waived by mutual stipulation of both Parties or unless mediation was held prior to commencement of the action in accordance with Public Contract Code section 9204 and the procedures in this Section. The mediation process shall provide for the selection within 15 calendar days by both Parties of a disinterested third person as mediator, shall be commenced within 30 calendar days of the submittal, and shall be concluded within 15 calendar days from the commencement of the mediation unless a time requirement is extended upon a good cause showing 147

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] to the court or by stipulation of both Parties. If the Parties fail to select a mediator within the 15 - day period, either Party may petition the court to appoint the mediator. (ii) If the matter remains in dispute, the case shall be submitted to judicial arbitration pursuant to Chapter 2.5 (commencing with Section 1141.10) of Title 3 of Part 3 of the Code of Civil Procedure, notwithstanding Section 114 1.11 of that code. The Civil Discovery Act ( Title 4 (commencing with Section 2016 .010) of Part 4 of the Code of Civil Procedure) shall apply to any proceeding brought under this subdivision consistent with the rules pertaining to judicial arbitration.
(iii) Upon stipulation of the Parties, arbitrators appointed for these purposes shall be experienced in construction law, and, upon stipulation of the Parties, mediators and arbitrators shall be paid necessary and reasonable hourly rates of pay not to exceed their customary rate, and such fees and expenses shall be paid equally by the Parties, except in the case of arbitration where the arbitrator, for good cause, determines a different division. (iv) In addition to Chapter 2.5 (commencing with Section 1141.10) of Title 3 of Part 3 of the Code of Civil Procedure, any Party who after receiving an arbitration award requests a trial de novo but does not obtain a more favorable judgment shall, in addition to payment of costs and fees under that chapter, pay the attorney ’s fees of the othe r Party arising out of the trial de novo.

20. NOTICE TO CITY OF LABOR DISPUTES . Whenever CONTRACTOR has knowledge that any actual or potential labor dispute is delaying or threatens to delay the timely performance of the Contract, CONTRACTOR shall immediately give notice thereof, including all relevant information with respect thereto, to CITY.

21. BOOKS AND RECORDS. CONTRACTOR's books, records, and plans or such part thereof as may be engaged in the performance of this Contract, shall at all reasonable times be subject to inspection and audit by any authorized representative of CITY.

22. UTILITY LOCATION. CITY acknowledges its responsibilities with respect to locating utility facilities pursuant to California Government Code Section 4215.

23. REGIONAL NOTIFICATION CENTERS. CONTRACTOR agrees to contact the appropriate regional notification center in accordance with Government Code Section 4216.2.

24. TRENCH PROTECTION AND EXCAVATION . CONTRACTOR shall submit its detailed plan for worker protection during the excavation of trenches required by the scope of the work in accordance with Labor Code Section 6705.

A. CONTRACTOR shall, without disturbing the condition, notify CITY, in writing, as soon as CONTRACTOR, or any of CONTRACTOR's
subcontractors, agents, or employees have knowledge and reporting is possible, of the discovery of any of the following conditions:

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] (1) The presence of any material that CONTRACTOR believes is hazardous waste, as defined in Section 25117 of the Health and Safety Code;

(2) Subsurface or latent physical conditions at the site differing from those indicated in the specifications; or

(3) Unknown physical conditions at the site of any unusual nature, different materially for those ordinarily encountered and generally recognized as inherent in work of the character provided for in this Contract.

B. Pending a determination by CITY of appropriate action to be taken, CONTRACTOR shall provide security measures (e.g., fences) adequate to prevent the hazardous waste or physical conditions from causing bodily injury to any person.

C. CITY shall promptly investigate the reported conditions. If CITY, through and in the exercise of its sole discretion, determines that the conditions do materially differ or do involve hazardous waste, and will cause a decrease or increase in CONTRACTOR's cost of, or time required for, performance of any part of the work, then CITY shall issue a change order.

D. In the event of a dispute between CITY and CONTRACTOR as to whether the conditions materially differ, or involve hazardous waste, or cause a decrease or increase in CONTRACTOR's cost of, or time required for, performance of any part of the work, CONTRACTOR shall not be excused from any scheduled completion date, and shall proceed with all work to be performed under the contract. CONTRACTOR shall retain any and all rights that pertain to the resolution of disputes and protests between the parties.

25. INSPECTION . The work shall be subject to inspection and testing by CITY and its authorized representatives during manufacture and construction and all other times and places, including, without limitation, the plans of CONTRACTOR and any of its suppliers. CONTRACTOR shall provide all reasonable facilities and assistance for the safety and convenience of inspectors. All inspections and tests shall be performed in such manner as to not unduly delay the work. The work shall be subject to final inspection and acceptance notwithstanding any payments or other prior inspection s. Such final inspection shall be made within a reasonable time after completion of the work.

26. DISCRIMINATION. CONTRACTOR represents that it has not, and agrees that it will not, discriminate in its employment practices on the basis of race, creed, religion, national origin, color, sex, age, or handicap.

27. GOVERNING LAW . This Contract and any dispute arising hereunder shall be governed by the law of the State of California.

28. WRITTEN NOTICE. Any written notice required to be given in any part of the Contract Documents shall be performed by depositing the same in the U.S. Mail, postage prepaid, 149

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] directed to the address of CONTRACTOR as set forth in the Contract Documents, and to CITY addressed as follows:

Robert Moehling, P.E.

Director of Public Works / City Engineer
City of Murrieta
1 Town Square
24601 Jefferson Avenue
Murrieta, CA 92562

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] IN WITNESS WHEREOF, the parties hereto have caused this Contract to be executed on the date first above written.

DATED:__________________ CONTRACTOR:

By:_____________________________________________

________________________________________________
Print or type NAME

________________________________________________
Print or type TITLE

________________________________________________
Phone Number

By:_____________________________________________

________________________________________________
Print or type NAME

________________________________________________
Print or type TITLE

________________________________________________
Phone Number

DATED:__________________ CITY OF MURRIETA

By:_____________________________________________
Kim Summers, City Manager

APPROVED AS TO FORM:

___________________________
Tiffany Israel, City Attorney

ATTEST:

___________________________
Cristal McDonald,City Clerk
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01375.0006/1005114.1 LABOR AND MATERIALS BOND LM-1 9/12/2024 C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] BOND NO. _______________________

LABOR AND MATERIALS BOND

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

KNOW ALL PERSONS BY THESE PRESENTS:

THAT, WHEREAS, the City of Murrieta has awarded to

CONTRACTOR

CONTRACTOR’S ADDRESS,

hereinafter called "Contractor," a contract for the work described as follows:

hereinafter called "Contract," and

WHEREAS, said Contractor is required by the provisions of Sections 3247-3252 of the Civil Code to furnish a bond in connection with said Contract, as hereinafter set forth.

NOW, THEREFORE, WE, the undersigned Contractor, as Principal, and

_____________________________________________________________________________________

_____________________________________________________________________________________

FILL IN NAME AND ADDRESS OF SURETY

duly authorized to transact business under the laws of the State of California, as Surety, hereinafter called "Surety," are held and firmly bound unto the City of Murrieta, California, and all contractors, subcontractors, laborers, materialmen, and other persons employed in the performance of the aforesaid Contract and referred to in Title 15 of the Civil Code, in the penal sum of _______________________________________________________________________ dollars and _______________________ cents ($_______________________), lawful money of the United States, said sum being not less than one hundred percent (100%) of the estimated amount payable by the said City of Murrieta under the terms of the Contract, for the payment of which, we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION is such that, if said Contractor, his or its heirs, executors, administrators, successors, and assigns, or subcontractors, shall fail to pay for any materials, provisions, provender, or other supplies, or teams, implements, or machinery used in, upon, for, or about the performance of the work under the Contract to be done, or for any work or labor thereon of any kind or for amounts due under the Unemployment Insurance Code with respect to such work or labor, as required by t he provisions of Chapter 7 of Title 5 of Part 4 of Division 3 of the Civil Code, and provided that the claimant shall have complied with the provisions of said Civil Code, Surety shall pay for the same in an amount not exceeding the sum specified in this bond, otherwise the above obligation shall be void. In case suit is brought upon this bond, Surety will pay costs and reasonable expenses and fees, including reasonable attorney's fees to be fixed by the Court.
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This bond shall inure to the benefit of any and all persons, companies, and corporations entitled to file claims under Section 3181 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond, and shall also cover payment for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of Contractor or his or its subcontractors pursuant to Section 13020 of the Unemployment Insurance Code.

Surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the Contract, or to the work to be performed thereunder, or to the specifications accompanying the same, shall in any way affect its obligations on this bond. Surety hereby waives notice of any such change, extension of time, alteration, or addition to the terms of the Contract, or to the work to be performed thereunder, or to the specifications accompanying the same.

IN WITNESS WHEREOF, this instrument has been duly executed by the Principal and Surety above named, on ________________________, 20___.

(Seal)

SURETY CONTRACTOR

By: _______________________________ By: _______________________________

___________________________________ ___________________________________ (Name) (Name)
___________________________________ ___________________________________ (Title) (Title)

By: _______________________________

APPROVED AS TO FORM: ___________________________________ (Name)

___________________________________ ___________________________________ Tiffany Israel, City Attorney (Title)

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01375.0006/1005114.1 PERFORMANCE BOND PB-1 9/12/2024
C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] BOND NO. _______________________

PERFORMANCE BOND

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

THAT, WHEREAS, the City of Murrieta, State of California, entered into a contract dated _______________________, 20___, hereinafter called "Contract," with

CONTRACTOR

CONTRACTOR’S ADDRESS

hereinafter called "Principal," for the work described as follows:

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

WHEREAS, the said Principal is required under the terms of said Contract to furnish a bond for the faithful performance of said Contract.

NOW, THEREFORE, WE, the Principal, and

_____________________________________________________________________________,

FILL IN NAME AND ADDRESS OF SURETY

duly authorized to transact business under the laws of the State of California, as Surety, hereinafter called "Surety," are held and firmly bound unto the City of Murrieta in the penal sum of ______________________________________________ dollars and _______________ cents ($_______________________), lawful money of the United States, for the payment of which sum we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION is such that, if Principal, his or its heirs, exec utors, administrators, successors or assigns shall in all things stand to, abide by, and well and truly keep and perform the covenants, conditions, and agreements in the said Contract, and in any alteration thereof made as therein provided, on his or its part to be kept and performed, at the time and in the manner therein specified, in all respects according to their true intent and meaning, and shall indemnify and save harmless the City of Murrieta, its officers and agents, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and virtue.

As a part of the obligation secured hereby and in addition to the face amount specified, costs and reasonable expenses and fees shall be included, including reasonable attorneys' fees incurred by the 154

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] City of Murrieta in successfully enforcing this obligation, all to be taxed as costs and included in any judgment rendered.

Surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the Contract, or to the work to be performed thereunder, or to the specifications accompanying the same, shall in any way affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Contract, or to the work, or to the Specifications.

IN WITNESS WHEREOF, this instrument has been duly executed by Principal and Surety above named, on ________________________, 20___.

(Seal)

SURETY PRINCIPAL

By: _______________________________ By: _______________________________

___________________________________ ___________________________________ (Name) (Name)

___________________________________ ___________________________________ (Title) (Title)

By: _______________________________

APPROVED AS TO FORM: ___________________________________ (Name)

___________________________________ ___________________________________ Tiffany Israel, City Attorney (Title)

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MAINTENANCE BOND

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

KNOW ALL PERSONS BY THESE PRESENTS THAT:

a _________________________________________________, hereinafter called "Principal," and (fill in whether a Corporation, Partnership, or Individual)

______________________________________________________________________________

_____________________________________________________________________________,

FILL IN NAME AND ADDRESS OF SURETY

hereinafter called "Surety," are held and firmly bound unto the City of Murrieta, a municipal corporation, hereinafter called "City," in the penal sum of ________________________________ __________________________________________ dollars and _____________________ cents ($_______________________) in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, successors, and assigns, jointly and severally, firmly by these presents.

THE CONDITION OF THIS OBLIGATION is such that whereas Principal entered into a certain Contract with City, dated the ______________ day of __________________, 20___, a copy of which is hereto attached and made a part hereof for the construction of:

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

WHEREAS, said Contract provides that Principal will furnish a bond conditioned to guarantee for the period of one (1) year after approval of the final payment on said job, by the City, against all defects in workmanship and materials that may become apparent during said period; and

WHEREAS, the said Contract has been completed, and was approved on ___________, 20__.

NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if within one (1) year from the date of approval of the said Contract, the work done under the terms of said Contract shall disclose poor workmanship in the execution of said work, and the carrying out of the terms of said Contract, or it shall appear that defective materials were furnished thereunder, then this obligation shall remain in full force and virtue, otherwise this instrument shall be void.

Signed and sealed this _________________________ day of ____________________, 20___. 156

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(Seal)

SURETY PRINCIPAL

By: _______________________________ By: _______________________________

___________________________________ ___________________________________ (Name) (Name)

___________________________________ ___________________________________ (Title) (Title)

By: _______________________________

APPROVED AS TO FORM: ___________________________________ (Name)

___________________________________ ___________________________________ Tiffany Israel, City Attorney (Title)

157

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01375.0006/1005114.1 PROPOSAL P-1 9/12/2024
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CONTRACTOR'S AFFIDAVIT AND FINAL RELEASE

This is to certify that

FILL IN CONTRACTOR'S NAME
(hereinafter the "undersigned") declares to the City of Murrieta, hereinafter referred to as "City," under oath, that it has paid in full for all materials, supplies, labor, services, tools, equipment, and all other bills contracted for by the undersigned or by any of the undersigned's agents, employees, or subcontractors used or in contribution to the execution of its contract with City with regard to the building, erection, construction, or repair of that certain work of improvement known as CITY PROJECT NO. 10027 , situated in the City of Murrieta, State of California, more particularly described as follows:

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

The undersigned declares that it knows of no unpaid debts or claims arising out of said Contract that would constitute grounds for any third party to claim a stop notice of any unpaid sums owing to the undersigned.

Further, for valuable consideration, the receipt of which is hereby acknowledged, the undersigned does hereby fully release and acquit City and all agents and employees of City, and each of them, from any and all claims, debts, demands, or causes of action that exist or might exist in favor of the undersigned by reason of the Contract executed between the undersigned and City or that relate in any way to the work performed by the undersigned with regard to the above -referenced construction project.

Further, the undersigned expressly acknowledges its awareness of, and waives the benefits of, Section 1542 of the Civil Code of the State of California which provides: "A general release does not extend to claims that the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially effected his settlement with the debtor."

This release is intended to be a full and general release of any and all claims that the undersigned now has or may, in the future, have against City and/or its agents and employees with regard to any matter arising from the construction of the above-referenced project or the Contract between City and the undersigned with respect thereto, whether such claims are now known or unknown or are suspected or unsuspected.

CONTRACTOR

Dated:___________________________ By: _________________________________________ Signature

_________________________________________
Print Name and Title

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PROPOSAL

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

DATE: _______________________

TO THE CITY CLERK OF MURRIETA, CALIFORNIA:

BIDDER (Firm Name) __________________________________________________________

The undersigned hereby proposes and agrees to furnish any and all materials, labor, and services for the following:

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

All in accordance with the City's Notice Inviting Bids, hereby proposes to furnish all materials, equipment, tools, labor, and incidentals required for the above-stated project as set forth in the Plans, Specifications, and Contract Documents therefore, and to perform all work in the manner and time prescribed therein. The attached Bid Schedule is hereby made a part of this proposal.

The undersigned bidder declares that this proposal is based upon careful examination of the work site, Plans, Specifications, Instructions to Bidders, and all other Contract Documents. If this proposal is accepted for award, bidder agrees to enter into a contract with City at the unit prices or lump-sum prices set forth in the following Bid Schedule. Bidder understands that failure to enter into a contract and furnish bonds in the manner and time prescribed will result in forfeiture to City of the guarantee accompanying this proposal.

The undersigned bidder certifies that this proposal is made in good faith, without collusion or connection with any other person or persons bidding on the work.

The undersigned bidder understands that the City Council reserves the right to accept or reject any or all proposals, or to waive any irregularities in any proposal in the interests of City.

The estimated quantities listed in the Proposal Bid Sheet(s) are supplied to give an indication of the general scope of work, but the accuracy of these figures is not guaranteed, and bidder shall make his own estimates from the drawings. In case of a variation between the unit price and the totals shown by bidder, the unit price will be considered to be the bid.

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BID SHEET

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

ITEM
NO. DESCRIPTION

ESTIMATED

QUANTITY UNIT
UNIT
PRICE

TOTAL ITEM
PRICE
Site Preparations LS
Surface Preparations LS
Flashing Prep and Application Process LS
Roof Coating Application LS
Clean-up LS

TOTAL BASE BID: $__________________________________
TOTAL AMOUNT OF BASE BID (WORDS): ________________________________________

ALTERNATES:
[Not Applicable]

The unit price or lump sum prices to be paid for the items listed in the Proposal Bid Sheet shall include full compensation for furnishing all labor, materials, tools, and equipment, and doing all work involved in furnishing and installing the materials complete and in place, in accordance with the details as shown on the plans and as specified herein. Any items shown on the plans, but not included in the bid items, shall be considered as appurtenant items. All costs shall be included within the appropriate item of the Contractor’s bid.

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BID SCHEDULE

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

Addendum(a) No(s). _______________ has/have been received and is/are included in this proposal.

REJECTION OF BIDS

The undersigned agrees that City reserves the right to reject any or all bids, and reserves the right to waive informalities in a bid or bids not affected by law, if to do so seems to best serve the public interest.

TIME

The Contract shall be signed by the bidder and returned with the proposal. Signatures shall comply with Section 17 of the Contract. The successful bidder shall submit the Contract bonds and insurance certificate, within ten (10) calendar days after the bidder has received a Notice of Award.

BID DEPOSIT

There is enclosed herewith, a certified check or surety bond in the sum of ten percent (10%) of the base ____________________________________________________________________ dollars and __________________ cents ($______________________) made payable to City and the undersigned agrees that in case of his failure to execute the necessary Contract and furnish t he required bonds, the certified check or surety bond, the money payable thereon, shall be and remain the property of City.

The undersigned hereby certifies that he will have an appropriate license, issued by the State of California to provide this work; that such license will be in full force and effect throughout the duration of construction; and that any and all subcontractors to be employed on this project will be similarly licensed.

Dated: _____________________________ CONTRACTOR

___________________________________ ___________________________________ California Contractor's License No. Signature

___________________________________
Print or Type Name and Title
___________________________________
Telephone Number

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SUBCONTRACTORS LIST

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

As required by California State Law, the General Contractor bidding will hereinafter state the subcontractor who will be the subcontractor on the job for each particular trade or subdivision of the work in an amount in excess of one-half of one percent (0.5%) of the General Contractor's total bid and will state the firm name and principal location of the mill, shop, or office of each. If a General Contractor fails to specify a subcontractor, or if he specifies more than one (1) subcontractor for the same portion of work to be performed under the Contract in excess of one-half of one percent (0.5%), he agrees that he is fully qualified to perform that p ortion himself and that he shall perform that portion himself.

(Identify by *Asterisk Certified DBE Contractors)
Bid Item
Number
Name of
Subcontractor - Trade
Address/
Telephone

NOTE: If alternate bids are called for, and the General Contractor intends to use different or additional subcontractors on the alternates, he must provide a separate list of subcontractors for each alternate.

_____________________________________________
Signature of Bidder

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STATEMENT OF TECHNICAL ABILITY AND EXPERIENCE

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

The bidder is required to state what work of a similar character to that included in the proposed Contract he has successfully performed, especially for public agencies, and give references that will enable City to judge his responsibility, experience, skill, and business and financial standing. Detail any involvement, past or current, relative to litigation or other disputes, if any, concerning your performance.

_________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________ _________________________________________________________________________________

_____________________________________________
Signature of Bidder
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BIDDER'S STATEMENT OF

PAST CONTRACT DISQUALIFICATIONS

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

The bidder is required to state any and all instances of being disqualified, removed, or otherwise prevented from bidding on or completing any contract for construction.

1. Have you ever been disqualified from any contract?

Yes ________ No ___________

2. If yes, explain the circumstances:

___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________ ___________________________________________________________________________

___________________________________________________
Signature of Bidder
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NON-COLLUSION AFFIDAVIT

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

State of California )
) ss
County of _________________________________ )

_______________________________, being first duly sworn, deposes and says that he or she is __________________________________ of ________________________________________, the party making the foregoing bid; that the bid is not made in the interest of, or on behalf of, any undisclosed person, partnership, company, association, organization, or corporation; that the bid is genuine and not collusive or sham; that the bidder has not directly or indirectly induced or solicited any other bidder to put in a false or sham bid, and has not directly or indirectly colluded, conspired, connived, or agreed with any bidder or anyone else to put in a sham bid, or that anyone shall refrain from bidding; that the bidder has not in any manner, directly or indirectly, sought by agreement, communication, or conference with anyone, to fix the bid price of the bidder or any other bidder, or to secure any advantage against the public body awarding the Contract of anyone interested in the proposed Contract; that all statements contained in the bid are true; and, further, that the bidder has not, directly or indirectly, submitted his or her bid price or any breakdown thereof, or the contents thereof, or divulged the information or data relative thereto, or paid, and will not pay, any fee to any corporation, partnership, company association, organization, bid depository, or any member or agent thereof to effectuate a collusive or sham bid.

Subscribed and sworn to before me this _______ day of __________________, 20___.

By: _____________________________________________

_______________________________ _____________________________________________ Notary Public Title

_______________________________ Date:_________________________________________ 165

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BIDDER'S AGREEMENT

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

The undersigned also agrees as follows:

FIRST: Execute the Contract and submit with the proposal in the sealed bid.

SECOND: Within ten (10) calendar days from the receipt of the Notice of Award of Contract, furnish to City, two (2) satisfactory bonds in the amounts specified in the Notice Inviting Bids guarantying the faithful performance of the work and payment of bills.

THIRD: To begin work within ten (10) calendar days after the date specified in the Notice to Proceed.

Accompanying this proposal is cash, a cashier's check, or a certified check of a bidder's bond for not less than ten percent (10%) of the total amount of the bid payable to City which is to be forfeited, as liquidated damages, if, in the event Contractor does not execute the Contract and furnish satisfactory bonds under the conditions and within the time specified in this proposal, otherwise said cash, cashier's check, certified check, or bidder's bond is to be returned to the undersigned. Within fifteen (15) calendar days after award of this Contract, City will return the bidder's bond accompanying such proposal not considered in making the award. All other bidder's bonds will be held until the Contract has been finally executed; they will then be returned to the bidders whose proposals they accompany.

___________________________________________________________________________________

BIDDER'S NAME
___________________________________________________________________________________

BIDDER'S ADDRESS

IMPORTANT NOTICE: If bidder is a corporation, state legal name of corporation and names of the president, secretary, treasurer, and manager; if co -partnership, state true name of firm and names of all individual co -partners composing firm; or, if individual, state first and last names in full.

___________________________ ___________________________ ___________________________ Officer's Signature Title Date

___________________________ ___________________________ ___________________________ Officer's Signature Title Date

___________________________ ___________________________ ___________________________ Officer's Signature Title Date

Signature and title of the officer(s) set forth above shall be authorized to sign contracts on behalf of the corporation, co- partnership, or individual. If signature is by an agent, other than an officer of the corporation or a member of a partnership, a Power of Attorney must be on file with City prior to or at time of bid opening; otherwise, the bid will be subject to rejection by City Council.
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GENERAL SPECIFICATIONS

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

SCOPE OF WORK

The installation of a new, Class “A” Cool Roof Rating Counsel (CRRC) compliant and Energy Star Rated White, Fluid-Applied Silicone Roofing System per manufacturer requirements, and as shown/described on the Plans, Standard Plans, and specified in these Special Provisions. The Contractor shall take care to ensure safe, uninterrupted pedestrian and vehicle access to the subject facility for the duration of the work.

The roof at the Murrieta CITY HALL totals approximately 23,000 square feet in size.

Site Specific Roofing Work

The existing roofing membrane will be cleaned and made sound prior to the application of the new Fluid-Applied Roof System.

Inspect wood decking for damage. Repair wood damage where needed.

Inspect curbs at all skylights; rebuild curbs if necessary.

Apply Sealer: General Coatings Silicone Seam Sealer or approved equivalent, Install General Coatings Ultra-Guard 5700 or approved equivalent 2.5 gal. per 100 sq. ft.

Application is to be applied according to manufacturer’s specifications.

Contractor shall prepare all surface preparations and flashing detail and curbs with sealer, micro- fiber or polyester fabric where needed. All such HVAC equipment shall be in the same working condition as it was before the roofing project, and after installation of the roof system is complete.

The new roofing material shall extend over the entire roof.

All materials and equipment shall be delivered by the Contractor to the site, or to the City yard, if removal and salvage is specified on plans.

Contractor to clean up and haul away all debris resulting from work done, at the end of each day.

Equals
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References to manufacturer’s product names or trade names is intended to be descriptive, but not restrictive, and is used to only to indicate products or materials that will be satisfactory. Although materials and products are specified, bids using other materials will be considered, provided each bidder clearly states on the face of their bid exactly what is proposed to be furnished.

Unless otherwise stated in the bid, the City of Murrieta shall understand that the Bidder intends to furnish the items specified and does not propose to furnish an “equal.” The City of Murrieta hereby reserves the right to approve as an equal, or to reject as not being an equal, any product or roofing system the Bidder proposes to furnish which contains minor or major variations from the specification requirements, but which may comply substantially therewith.

For bidding purposes, any new roofing membrane shall be fully adhered to the existing roofing system. Mechanical fastening of the new roofing membrane to the existing roofing system will notbe considered as an “equal.”

Warranties

Contractor shall provide a 20-year, unconditional, non-prorated warranty for labor, workmanship and materials so that the roof system will be free of leaks.

LOCATION OF WORK

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

1 Town Square, City of Murrieta, CA 92562

TIME OF COMPLETION

Contractor shall complete all work in every detail within the time limits specified in the Instructions to Bidders, Section 18, herein.

UTILITY REQUIREMENTS

Contractor is advised of the existence of the utility notification service provided by Underground Service Alert (USA). USA member utilities will provide Contractor with the precise locations of their substructures in the construction area when Contractor gives at least two (2) working days' notice to USA by calling l-800-422-4133.

Contractor shall notify the agencies listed in Appendix A at least two (2) working days in advance of excavating around any of their structures. The utility companies listed can be contacted as applicable.

The California Public Utilities Commission mandates that, in the interest of public safety, mainline gas valves be maintained in a manner to be readily accessible and in good operating condition.

Contractor shall notify the Southern California Gas Company's Headquarters Planning Office at (951) 634-3258 at least two (2) working days prior to the start of construction.

FLOW AND ACCEPTANCE OF WATER
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It is anticipated that storm, surface, or other waters will be encountered at various times during the work herein contemplated. Contractor, by submitting a bid, acknowledges that he has investigated the risk arising from such waters and has prepared his bid; accordingly, and Contractor submitting a bid assumes all said risk.

Contractor shall conduct his operations in such a manner that storm or other existing waters may proceed uninterrupted along their existing street or drainage courses. Diversions of water for short reaches to protect construction in progress will be permitted if public and/or private properties, in the opinion of the Engineer, are not subject to probability of damage.

Contractor shall obtain written permission from the applicable public agency or property owner before any diversion of water outside of public right-of-way will be permitted.

REMOVAL OF WATER

Contractor shall provide and maintain at all times during construction ample means and devices to promptly remove and properly dispose of all water entering the excavations or other parts of the work. No concrete footing or floor shall be laid in water, n or shall water be allowed to rise over them until the concrete or mortar has set. De -watering for the structures and pipelines shall commence when ground water is first encountered and shall be continuous until such time as water can be allowed to rise in accordance with the above paragraph.

De-watering shall be accomplished by well points or some other method that will ensure a dry hole and preservation of final lines and grade of the bottoms of excavation, all subject to the approval of Engineer.

Disposal of water from de -watering operations shall be the sole responsibility of Contractor.

Disposal methods shall conform to the Porter -Cologne Water Quality Control Act of 1974, the Federal Water Pollution Control Act Amendments of 1972, and the California Administrative Code, Title 23, Chapter 3.

Full compensation of de-watering shall be considered as included in the Contract prices paid for the related items of work, and no additional compensation will be allowed therefor.

STANDARD SPECIFICATIONS

The Standard Specifications of City are contained in the latest edition of the Standard Specifications for Public Works Construction, including all supplements as written and promulgated by Public Works Standards, Inc. Copies of those Standard Specifications are available from the publisher:

Building News, Inc. (BNi)
990 Park Center Drive, Suite E
Vista, CA 92081
(760) 734-1113
www.bnibooks.com

The Standard Specifications for set forth above will control the general provisions for this Contract except as amended by the Plans, Special Provisions, or other Contract Documents, and the deletion of Section 307.

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Where the Plans or Specifications describe portions of the work in general terms, but not in complete detail, it is understood that the item is to be furnished and installed complete and in place and that only the best general practice is to be used. Unless otherwise specified, Contractor shall furnish all labor, materials, tools, equipment, and incidentals, and do all the work involved in executing the Contract.

WAGE RATES AND LABOR CODE REQUIREMENTS

Wage Rates

Contractor and all subcontractors shall be required to adhere to the general prevailing rate of per diem wages as determined and published by the State Director of the Department of Industrial Relations, pursuant to Section 1770, 1773, and 1773.2 of the California Labor Code. Copies of these rates and the latest revisions thereto are on file in the Office of the City Clerk and are available for review upon request.

Apprentices

Section 1777.5 requires Contractor or subcontractor employing tradesmen in any apprenticeable occupation to apply to the Joint Apprenticeship Committee nearest the site of the public works project that administers the apprenticeship program in that trade for a certificate of approval. The certificate will also fix the ratio of apprentices to journeymen to be used in the performance of the Contract.

Contractor is required to make contributions to funds established for the administration of apprenticeship programs if he employs registered apprentices or journeymen in any apprenticeable trade and if other contractors on the public works site are making such contributions.

Information relative to apprenticeship standards, contributions, wage schedules, and other requirements may be obtained from the State Director of Industrial Relations or from the Division of Apprenticeship Standards.

Clayton Act and Cartwright Act

Section 4551 of the State Government Code specifies that in executing a public works contract with City to supply goods, services, or materials, Contractor or subcontractors offer and agree to assign to City all rights, title, and interest in and to all causes of action it may have under Section 4 of the Clayton Act (15 U.S.C. Sec. 15) or under the Cartwright Act (Chapter 2 commenci ng with Section 16700) of Part 2 of Division 7 of the Business and Professional Code arising from purchase of goods, services, or materials pursuant to the Contract or subcontract. This assignment shall become effective when City tenders final payment to Contractor without further acknowledgment by the parties.

SUBSTITUTION OF SECURITIES

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At the request and expense of Contractor, securities equivalent to the amount withheld shall be deposited with City or with a State or Federally chartered bank as the escrow agent who shall pay such monies to Contractor upon notification by City of Contractor's satisfactory completion of the Contract.

The type of securities deposited and the method of release shall be approved by the City Attorney's office.
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SPECIAL PROVISIONS

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

THE FOLLOWING SPECIAL PROVISIONS ARE TO BE USED IN CONJUNCTION WITH THE “STANDARD SPECIFICATIONS FOR PUBLIC WORKS CONSTRUCTION (GREEN BOOK)” UNLESS OTHERWISE NOTED.

SECTION 1 — TERMS, DEFINITIONS, ABBREVIATIONS, UNITS OF MEASURE, AND SYMBOLS

1-2 DEFINITIONS
[Add or replace with the following]:

Agency - City of Murrieta (City)

Board - City Council of the City

Caltrans - California Department of Transportation

City - City of Murrieta

County - County of Riverside

Director - Director of the Public Works Department, City of Murrieta, acting either directly or through his properly authorized agents, each agent acting only within the scope of authority designated to him.

Engineer - Director of the Public Works Department/City Engineer, City of Murrieta, acting either directly or through his properly authorized agents, each agent acting only within the scope of authority designated to him.

Final Acceptance - That stage of construction and plant establishment that allows City to accept the project as completed (no punch list items remaining unresolved).

When Contractor believes the project is ready for final acceptance, he shall call for a final acceptance inspection.

Director will inspect the project to verify its completion.

Should there be elements that are not completed, Director will record same (final acceptance punch list) and bring them to the attention of Contr actor. All punch list items must be resolved prior to final acceptance.

When, in Director's judgment, the work has been
completed in accordance with the Plans and Specifications and is ready for final acceptance, he will so certify to the Board, which may accept the completed work. Upon
acceptance of the work by the Board, th e City Clerk will file the Notice of Completion with the County Recorder.

Federal - United States of America

Standard Specifications - Standard Specifications for Public Works Construction, latest edition
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State Standard
Specifications
State of California, Department of Transportation,
Standard Specifications, dated May 2006

R.C.W.D. - Rancho California Water District

R.C.F.C.D. & W.C.D. - Riverside County Flood Control and Water Conservation District

Substantial Completion - That stage of construction that allows Director to occupy or use the project for its intended purpose. When a project includes a plant establishment period, the date of the start of the plant establishment period may, at the discretion of Director, be use d as the basis for determining the
substantial completion date, provided that all elements of the project, other than the landscape, are substantially completed as defined above.

The substantial completion date will be determined by
Director in cooperation with Contractor and establish the termination of the time period for construction, and this date is used as a basis for determining whether liquidated damages are assessable. In no case shall the plant establishment period end prior to the final acceptance of the project.

When Contractor believes that construction of the project is substantially complete, he shall call for an inspection.

Director will inspect the total project to verify its
completion by Contractor. Should there be elements of
the project that are not yet completed, Director will record same (substantial completion punch list) and bring them to the attention of Contractor. All such items must be completed prior to acceptance of the project substantially complete.

In the event re-inspection of any project element results in additional cost to City for consultant or staff time,
Director retains the right to withhold sufficient funds from payments due Contractor to cover the cost to City of such re-inspection.

Traveled Way - That portion of the roadway reserved for the movement of vehicles for the general public, exclusive of shoulders and auxiliary lanes. When traffic has been diverted or restricted to certain lanes, with the approval of Engineer, these
diversions or restricted lanes become the traveled way.

W.M.W.D. - Western Municipal Water District

1-4 UNITS OF MEASURE

1-4.1 GENERAL
[Replace with the following]:

U.S. Standard Measure is the principal measurement system in these contract documents and shall be used for construction.

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] SECTION 2 — SCOPE AND CONTROL OF WORK

2-1 AWARD AND EXECUTION OF CONTRACT
[Add the following]

Within ten (10) working days after the date of the Notice to Award, Contractor shall execute and return the following Contract Documents to City:

-Labor and Materials Bond
-Performance Bond
-Insurance Forms in Appendix B
-Vendors' Statements

Failure to comply with the above will result in annulment of the award and forfeiture of the Proposal Guarantee.

The Contract shall not be considered binding upon City until executed by the authorized City officials.

A corporation to which an award is made may be required, before the Contract Agreement is executed by City, to furnish evidence of its corporate existence, of its right to enter into contracts in California, and that the officers signing the Contract and Bonds for the corporation have the authority to do so.

2-5 PLANS AND SPECIFICATIONS

2-5.1 GENERAL
[Replace the first paragraph with the following]:

Contractor shall maintain a control set of Plans and Specifications on the project site at all times. All final locations determined in the field, and any deviations from the Plans and Specifications, shall be marked in red on this control set to show the as-built conditions. Upon completion of all work, Contractor shall return the control set to Engineer. Final payment will not be made until this requirement is met.

Adjustments to the layout of this Plan may be necessary due to the unknown existing con ditions.

It is Contractor's responsibility to retain the design intent. If a layout discrepancy should occur, Contractor is to contact City's representative.

2-5.3 SUBMITTALS
[Add the following]:

Contractor shall submit the following submittals in addition to those identified in the Special Provisions:

No. Submittal Section Reference
1 Fluid Applied Si licone Roofing Material and
Appurtenances

2 Coatings
3 Pipe Supports

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2-6.1 CITY-FURNISHED MATERIALS

Materials will not be furnished by the City on this project.

Note: All materials and equipment shall be furnished by the Contractor.

SECTION 3 — CHANGES IN WORK

3-3 EXTRA WORK

3-3.2.3 MARKUP
[Add the following as the first paragraph]:

The markups mentioned hereinafter shall include, but are not limited to, all costs for the services of superintendents, project managers, timekeepers, and other personnel not working directly on the change order and pickups or yard trucks used by the above personnel. These costs shall not be reported as labor or equipment elsewhere except when actually performing work directly on the change order and then shall only be reported at the labor classification of the work performed.

3-3.2.3 (a) Work by Contractor
[Add the following]:

The Contractor’s markup to the Contractor’s costs as determined under 3 -3.2.2 shall not exceed 13% and shall constitute the markup for all overhead and profit on work by the Contractor.

3-3.2.3 (b) Work by Subcontractor
[Add the following]:

The Contractor’s markup to the Subcontractor’s costs and markup shall not exceed 5% and shall constitute the markup for all overhead and profit for the Contractor on work by the Subcontractor.

SECTION 5 – UTILITIES

[Add the following section]:

5.6.1 FACILITY COORDINATION

The Contractor shall ensure that the designated CITY HALL Representative protect and/or relocate their roof mounted equipment and facilities that are in conflict with the Project. The Contractor shall provide sufficient time in the construction schedule to allow for the completion of all equipment relocations t hat are necessary to avoid conflicts with the construction of the contract work.

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] Full compensation for coordinating efforts with the CITY HALL Representative and their contractors, labor, equipment and materials, down time, and any other activity that may pertain to coordinating utility and equipment relocations shall be included in the contract lump sum price bid for Communication Equipment Coor dination and no additional compensation will be allowed therefor. Extra time may be allowed to the contractor in the event of the CITY HALL delaying relocation.

SECTION 6 — PROSECUTION, PROGRESS, AND ACCEPTANCE OF THE WORK

6-1 CONSTRUCTION SCHEDULE AND COMMENCEMENT OF WORK
[Replace with the following]:

Contractor's proposed Construction Schedule shall be submitted to Engineer within ten (10) working days after the date of the Notice of Award of Contract. The schedule shall be supported by written statements from each supplier of materials or equipment indicating that all orders have been placed and acknowledged and setting forth the dates that each item will be delivered.

Prior to issuing the Notice to Proceed, Engineer will schedule a pre -construction meeting with Contractor to review the proposed Construction Schedule and delivery dates, arrange for relocation of existing communication equipment, discuss construction methods, and clarify inspection procedures.

Contractor shall submit periodic Progress Reports to Engineer by the tenth (10th) day of each month. The report shall include an updated Construction Schedule. Any deviations from the original schedule shall be explained. Progress payments will be withheld pending receipt of any outstanding reports.

6-7 TIME OF COMPLETION

6-7.1 GENERAL
[Add the following]:

The time for completion shall be as set forth in the Instructions to Bidders herein, if not identified in the contract.

6-7.2 WORKING DAY
[Replace with the following]:

Contractor's activities shall be confined to the hours between 7:00 a.m. and 4:30 p.m., Monday through Friday, excluding City designated holidays. Deviation from these hours will not be permitted without the prior consent of Engineer, except in emergencies inv olving immediate hazard to persons or property.

In the event of either a requested or emergency deviation, inspection service fees will be charged against Contractor. The service fees will be calculated at overtime rates, including benefits, overhead, and travel time. The service fees will be deducted from any amounts due Contractor.

6-9 LIQUIDATED DAMAGES
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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] [Replace the last sentence of the first paragraph with the following]:

Liquidated damages shall be as set forth in the Contract.

[Delete the second paragraph in its entirety.]

SECTION 7—RESPONSIBILITIES OF CONTRACTOR

7-1 CONTRACTOR'S EQUIPMENT AND FACILITIES
[Add the following]:

A noise level limit of 86-dba at a distance of fifty (50) feet shall apply to all construction equipment on or related to the job, whether owned by Contractor or not. The use of excessively loud warning signals shall be avoided except in those cases required for the protection of personnel.

7-2 LABOR

7-2.2 LAWS
[Add the following]:

Contractor, and all subcontractors, suppliers, and vendors shall comply with applicable City, State, and Federal orders regarding affirmative action to ensure equal employment opportunities and fair employment practices. Failure to file any report due under said orders will result in suspension of periodic progress payments.

Contractor shall ensure unlimited access to the job site for all equal employment opportunity compliance officers.

7-5 PERMITS
[Add the following]:

Prior to the start of any work, Contractor shall take out the applicable City permits and make arrangements for City inspections. Contractor and all subcontractors shall each obtain any and all other permits, licenses, inspections, certificates, or authorizations required by any governing body or public utility.

7-8.6 WATER POLLUTION CONTROL
[Add the following]:

This project is subject to the requirements of the National Pollutant Discharge Elimination System (NPDES) and the associated Construction General Permit (CGP) No. 2009 -0009-DWQ and subsequent amendment No. 2010 -0014-DWQ issued by the California State Wate r Resources Control Board (SWRCB). This permit regulates storm water discharges associated with construction activities. Copies of the permit can be obtained from the SWRCB website at www.waterboards.ca.gov. The Contractor shall fully inform itself of the conditions of the CGP which govern its operations and shall conduct its construction operations accordingly.

Specifically, the Contractor shall comply with the CGP’s discharge prohibitions and receiving water limitations.

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C:\Users\ufc-prod\AppData\Local\Temp\BCL Technologies\easyPDF 8\@BCL@E4021AF1\@[email protected] The Contractor shall allow authorized agents of the City, SWRCB, Regional Water Quality Control Board (RWQCB), United States Environmental Protection Agency (EPA), local storm water management agency, and other applicable state or federal agencies upon the presentation of credentials and other documents as may be required by law, to:

1. Enter, at reasonable times, upon the construction site and the Contractor’s facilities pertinent to the work.

2. Have access to and copy, at reasonable times, any records that must be kept as specified in the CGP, SWPPP, and these Special Provisions.

3. Inspect, at reasonable times, the construction site and related erosion and sediment control measures.

4. Sample or monitor, at reasonable times, for the purpose of en suring compliance with the CGP, SWPPP, and these Special Provisions.

Conformance with the requirements of this section shall in no way relieve the Contractor from its responsibilities, as provided in Section 7 -1.11, “Preservation of Property,” and Section 7-1.12, “Responsibility for Damage,” of the State Standard Specifications.

The Contractor shall be liable for any violations of the CGP issued to the City as a direct result of the Contractor’s failure to comply with the CGP, SWPPP, and these Special Provisions.

7-8.6.4 DEWATERING
[Add the following]:

Permits necessary for treatment and disposal of accumulated water shall be obtained by the Contractor.

7-8.6.5 PAYMENT
[Add the following]:

Full compensation for conforming to the requirements in Section 7-8.6 “Water Pollution Control” and these special provisions shall be considered as included in the contract prices paid for “Erosion Control” and no additional compensation will be made therefor.

Payment for dewatering shall be considered as incl uded in the Contract Unit Price for each item in the bid necessitating dewatering.

7-9 PROTECTION AND RESTORATION OF EXISTING IMPROVEMENTS [Add the following after the second paragraph]:

Protect existing building, paving, and other services or facilities on-site and adjacent to the site from damage caused by site work operations. Cost of repair and restoration of damaged items shall be at Contractor's expense.

The quality of construction is the responsibility of Contractor.

7-10 PUBLIC CONVENIENCE AND SAFETY
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Contractor shall maintain safe access around the work area to the subject public facilities for all persons otherwise utilizing the public areas around and below the facility subject to improvement. .

7-10.1 TRAFFIC AND ACCESS
[Add the following paragraphs]:

The Contractor shall provide for the safety of traffic and the public in accordance with the provisions in Section 7-1.09, “Public Safety,” of the State Standard Specifications and these special provisions.

Attention is directed to Section 12, “Construction Area Traffic Control Devices,” of the State Standard Specifications and to these Special Provisions.

Suspended loads or equipment shall not be moved nor positioned over public traffic or pedestrians.

When entering or leaving roadways carrying public traffic, Contractor's equipment, whether empty or loaded, shall in all cases yield to public traffic.

Maintaining traffic shall conform to the provisions in 7-1.02, "Load Limitations"; 7-1.06, "Safety and Health Provisions"; 7-1.08, "Public Convenience"; 7-1.09, "Public Safety"; and Section 12-3.04, "Portable Delineators," of the State Standard Specifications, and these Special Provisions.

All existing traffic control signs and street name signs shall be m aintained in visible locations as directed by City Engineer.

The contractor shall conduct his operation in such a manner that traffic will be able to pass through the work and access existing businesses with as little delay as possible.

All warning ligh ts, signs, flares, barricades, and other facilities for the sole convenience and direction of public traffic shall be furnished and maintained by Contractor.

All signs shall conform to and be placed in accordance with the current Manual on Uniform Traffic Control Devices (MUTCD) and associated California Supplements as issued by CalTrans. Traffic control devices shall be new or like -new condition. Traffic control devices that are bent, faded, illegible or otherwise damaged as determined by the City Engin eer shall be promptly replaced.

All construction signs shall be either covered or removed when not required by the nature of the work, or if no present hazard to the motorists exists.

No payment for extra work will be allowed for work performed as specif ied in Section 12 -2.02, "Flagging Costs," of the State Standard Specifications.

The Contractor shall provide and maintain a minimum of one 11 -foot wide paved traffic lane for use by public traffic in each direction of travel at all times throughout the project. The full width of the traveled way shall be open for use by public traffi c on Saturdays, Sundays, and City designated legal holidays, and Monday through Friday when construction operations are not in progress.
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Personal vehicles of Contractor's employees may not be parked on the shoulders of any section closed to public traffic. Whenever vehicles or equipment are parked on the shoulder within six (6) feet of a traffic lane, the shoulder area shall be closed. Contractor shall cooperate with local authorities relative to handling traffic through the area and shall make his own a rrangements relative to keeping the working area clear of parked vehicles.

The Contractor shall notify local authorities of the Contractor's intent to begin work or rerouting of traffic at least ten (10) days before work is begun.

The Contractor shall provide a Traffic Control Plan prepared, signed, and stamped by a Civil Engineer to accommodate each phase of traffic control. The Civil Engineer preparing the Traffic Control Plans shall be a Professional Engineer registered with the State of California. The Contractor shall submit Traffic Control Plans for review and approval by City Engineer within ten (10) working days of the Contract award by City and allow five (5) working days for City review.

Contractor shall adhere to the requirements set forth in the Work Area Traffic Control Handbook (WATCH), 2006 edition except as otherwise provided for in these specifications.

If any component in the traffic control system is displaced, or ceases to operate or function as specified, from any cause, during the progress of the work, Contractor shall immediately repair said component to its original condition or replace said component and shall restore the component to its original location.

Minor deviations from the requirements of this section which do not significantly change the cost of the work may be permitted upon the written request of the Contractor if in the opinion of the Engineer, public traffic will be better served and the work expedited. These deviations shall not be adopted by the Contractor until the Engineer has approved them in writing. All other modifications will be made by contract change order.

Payment for conforming to these provisions shall be considered as included in the contract lump sum price paid for “Pedestrian Access and Construction Staging”. Payment shall include full compensation for all labor, materials, and equipment necessary to prepare plans, install, maintain, store, and relocate pavement, traffic control devices, and construction signing during the construction period. Payment will be made on a basis of the percentage of work completed on the entire project.
7-10.4.1 SAFETY ORDERS
[Add the following paragraph]:

Contractor shall comply with the provisions of any City ordinances or regulations regarding requirements for the protection of excavations and the nature of such protection.

7-10.4.5 PUBLIC SAFETY DURING NON-WORKING HOURS

Notwithstanding Contractor's primary responsibility for safety on the job site, when Contractor is not present, Engineer may, at his option after attempting to contact Contractor, direct City forces to perform any functions he may deem necessary to ensure public safety at or in the vicinity of the job site. If such procedure is implemented, Contractor will bear all expenses incurred by City. 180

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7-15 PAYROLL RECORDS

Payroll records, if required, shall be submitted to City by the tenth (10th) day of each month.

Progress payments will be withheld pending receipt of any outstanding reports.

SECTION 8— FACILITIES FOR AGENCY PERSONNEL

8-1 GENERAL

8-1.1 FACILITIES FOR AGENCY PERSONNEL

Facilities for Agency personnel will not be required on this project.

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TECHNICAL SPECIFICATIONS

CITY OF MURRIETA CITY HALL SILICONE ROOF REPLACEMENT PROJECT

CITY PROJECT NO. 10027

THE FOLLOWING TECHNICAL SPECIFICATIONS ARE TO BE USED IN CONJUNCTION WITH THE “STANDARD SPECIFICATIONS FOR PUBLIC WORKS CONSTRUCTION (GREEN BOOK)” UNLESS OTHERWISE NOTED.

1. GENERAL REQUIREMENTS

1.1 Specifications

All work and materials will conform to the special provisions, plans or specifications in the priority sequence so indicated:

A. Special Provisions
B. Standard Specifications
a. The City of Murrieta Municipal Code
b. The California Building Code, 2016 Edition
c. The Standard Specifications for Public Works Construction (Green Book) 2018 Edition
d. Project drawings

2. MOBILIZATION

Mobilization shall conform to Section 7-3.4, “Mobilization,” of the Standard Specifications.

Fifty percent (50%) of the lump sum price for mobilization shall be submitted for payment with the first progress payment invoice and fifty percent (50%) shall be submitted for payment with the final progress payment invoice. Mobilization shall include demobilization, final project clean -up and restoration of any laydown or staging sites to their original condition.

The contract lump sum price for Mobilization shall be considered the full compensation for furnishing all labor, materials, tools, and equipment, and for all work involved in mobilization and no additional compensation will be made therefor. Half of the price for this bid item shall be paid for with the first invoice and the other half shall be paid for with the last invoice.

3. PEDESTRIAN ACCESS AND CONSTRUCTION STAGING

Pedestrian access and construction sta ging shall conform to all provisions of the City of Murrieta Municipal Code, the Standard Specifications and the following Special Provisions:

Public Streets and Areas:

The Contractor shall maintain access to public streets, parking areas, and pedestrian walkways open to traffic and accessible during construction and shall avoid excessive dust, mud or unnecessary inconvenience to the public.

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CITY OF MURRIETA, DEPARTMENT OF PUBLIC WORKS
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Construction Staging:

Work shall be performed between the hours of 7:00 a.m. and 4:30 p.m., however the contractor shall take care to minimize disruption to the public during business hours. The contractor shall be responsible for staging and phasing construction so that the area under construction is clearly identified as restricted access. The contractor shall be responsible for maintaining a safe, clear buffer zone between the area of activity and the greater area. This buffer zone, area of closure, and all other staging/phasing shall be indicated on th e pedestrian, traffic and construction staging plans prior to approval by the City.

Special Accommodations:

The contractor shall coordinate and stage the construction to minimize disruption to pedestrian movements and vehicular parking. The contractor s hall maintain a clearly marked, ADA compliant, pedestrian path of travel to provide access to the facility throughout the construction period. ADA compliant path(s) of travel shall be indicated on the approved pedestrian, traffic and construction staging plans.

Full compensation for providing notifications, coordinating access and staging construction as required in the Standard Specifications and these Special Provisions shall be considered as included in the contract lump-sum price paid for pedestrian access and construction staging and no additional compensation will be made therefore.

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APPENDIX A

LIST OF UTILITY CONTACTS

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UTILITY CONTACT LIST

ELECTRIC/POWER & GAS
Southern California Edison (SCE):

Inquiries - P.O. Box 11982, Santa Ana, CA 92711-1982
Phone: (714) 796-9932, Fax: (714) 796-9999, Attn: Map Requests Bldg D Planning Department - 26100 Menifee Road, Romoland, CA 92588 Phone: 1-800-655-4555, Attn: Ms. Katie Chaney
Southern California Gas Company:
1981 West Lugonia, Redlands, CA 92374, Phone: (909) 335-7507, Attn: Mr. Bruce Waddell

TELEPHONE & CABLE
AT & T California (Pacific Bell):

Engineering Department - 27402 Camino Capistrano, Rm 105, Laguna Niguel, CA 92677 Phone: (949) 855-5091, Attn: Ms. Sandy Walters
Inquiries - 1265 Van Buren Street, Room 180, Anaheim, CA 92807 Phone: (714) 666-5501, Attn: Ms. Susan Morgan
AT & T Core:

Inquiries - 22311 Brookhurst Street, Suite 203, Huntington Beach, CA 92646 Phone: (925) 977-2413, Attn: Ms. Rosemary Hamill
Level 3:
1025 El Dorado Blvd, Broomfield, CO 80021, Phone: (720) 888-3813, Attn: Mr. Matt Williams Media One:
556 Birch Street, Lake Elsinore, CA 92530, Phone: (951) 270-3415, Attn: Mr. Brian Caton Time Warner (Adelphia):
4077 W. Stetson Avenue, Hemet, CA 92545, Phone: (951) 766-4270, Attn: Mr. Ron Moore, Ext 260 Time Warner (Comcast):
1581 Commerce Street, Corona, CA 92880, Phone: (951) 549-3977, Attn: Mr. Billy Merino Time Warner Telecom:

Phone: (916) 806-1038, Attn: Mr. Mike Long
Verizon/General Telephone Electronics:
150 S. Juanita Street, Hemet, CA 92543, Phone: (951) 929-9492, Attn: Ms. Linda Quartararo

WATER & SEWER
Eastern Municipal Water District (EMWD):
2270 Trumble Rd., Perris, CA 92570, Mail: P. O. Box 8300, Perris, CA 92572-8300 Phone: (951) 928-3777, Attn: Mr. John Foster
Elsinore Valley Municipal Water District (EVMWD):
31315 Chaney Street, Mail: P.O. Box 3000, Lake Elsinore, CA 92531 Phone: (951) 674-3146, Attn: Mr. Loren Sorber
Rancho California Water District (RCWD):
42135 Winchester Road, Temecula, CA 92590, Mail: P.O. Box 9017, Temecula, CA 92589 -9017 Phone: (951) 296-6900, Attn: Mr. Bud Jones
Western Municipal Water District (WMWD):
42290 Ivy Street, Murrieta, CA 92562, Mail: P.O. Box 949, Lake Elsinore, CA 92564 Phone: (951) 677-7667, Attn: Utility Contact

FLOOD CONTROL
Riverside County Flood Control District & Water Conservation District (RCFC&WCD):
1995 Market Street, Riverside, CA 92501, Phone: (951) 955-1200, Fax: (951) 788-9965, Attn: Mr. Bob Cullen

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APPENDIX B

INSURANCE FORMS
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EXHIBIT "A" - INSURANCE ENDORSEMENTS & CERTIFICATE

GENERAL LIABILITY ENDORSEMENT (Revised 3/17/87)

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City of Murrieta ("the Agency")
1 Town Square
24601 Jefferson Avenue
Murrieta, CA 92562
Attn: Engineering Manager
A. POLICY INFORMATION Endorsement No.

1. Insurance Company
Policy No.

2. Policy Term: From: To:

Endorsement Effective Date:

3. Named Insured:

4. Address of Named Insured

5. Limit of Liability Any One Occurrence/Aggregate $

6. Deductible or Self-Insured Retention (Nil unless otherwise specified):

7. Coverage is equivalent to:

Comprehensive General Liability form GL-0002 (Ed 1/73)
Commercial General Liability "occurrence" form CG-0001
Commercial General Liability "claims-made" form CG-0002

8. Bodily Injury and Property Damage Coverage is:
"claims-made"
"occurrence"
If claims-made, the retroactive date is

NOTE: The Agency's standard insurance requirements specify "occurrence" coverage. "Claims- made" coverage requires special approval.

B. POLICY AMENDMENTS

This endorsement is issued in consideration of the policy premium. Notwithstanding any inconsistent statement in the policy to which this endorsement is attached or any other endorsement attached thereto, it is agreed as follows:

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GENERAL LIABILITY ENDORSEMENT (Revised 3/17/87)

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1. INSURED. The Agency, its elected or appointed officers, officials, employees and volunteers are included as insureds with regard to damages and defense of claims arising from: (a) activities performed by or on behalf of the Named Insured, (b) products and completed operations of the Named Insured, or (c) premises owned, leased or used by the Named Insured.

2. CONTRIBUTION NOT REQUIRED. As respects: (a) work performed by the Named Insured for or on behalf of the Agency; or (b) products sold by the Named Insured to the Agency; or (c) premises leased by the Named Insured from the Agency, the insurance afforded by this policy shall be primary insurance as respects the Agency, its elected or appointed officers, officials, employees or volunteers; or stand in an unbroken chain of coverag e excess of the Named Insured's scheduled underlying primary coverage. In either event, any other insurance maintained by the Agency, its elected or appointed officers, officials, employees or volunteers shall be in excess of this insurance and shall not contribute with it.

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GENERAL LIABILITY ENDORSEMENT – Continued (Revised 3/17/87)

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3. SCOPE OF COVERAGE. This policy, if primary, affords coverage at least as broad as:
a. Insurance Services Office form number GL-0002 (Ed. 1/73), Comprehensive General Liability Insurance and Insurance Services Office form number GL -0404 Broad Form comprehensive General Liability endorsement; or
b. Insurance Services Office Commercial General Liability Coverage, "occurrence" form CG 0001 or "claims-made" form CG-0002; or
c. If excess, affords coverage which is at least as broad as the primary insurance forms referenced in the preceding sections (1) and (2).

4. SEVERABILITY OF INTEREST. The insurance afforded by this policy applies separately to each insured who is seeking coverage or against whom a claim is made or a suit is brought, except with respects to the Company's limit of liability.

5. PROVISIONS REGARDING THE INSURED'S DUTIES AFTER ACCIDENT OR LOSS.

Any failure to comply with reporting provisions of the policy shall not affect coverage provided to the Agency, its elected or appointed officers, officials, employees or volunteers.

6. CANCELLATION NOTICE. The insurance afforded by this policy shall not be suspended, voided, canceled, reduced in coverage or in limits except after thirty (30) days' prior written notice by certified mail return receipt requested has been given to the Agency. Such notice shall be addressed as shown in the heading of this endorsement.

C. INCIDENT AND CLAIM REPORTING PROCEDURE

Incidents and claims are to be reported to the insurer at:

ATTN:
(Title) (Department)

(Company)

(Street Address)

(City) (State) (Zip Code)

(Telephone Number)

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GENERAL LIABILITY ENDORSEMENT – Continued (Revised 3/17/87)

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D. SIGNATURE OF INSURER OR AUTHORIZED REPRESENTATIVE OF THE INSURER

I, (print/type name), warrant that I have
authority to bind the below listed insurance company and by my signature hereon do so bind this company.

SIGNATURE OF AUTHORIZED REPRESENTATIVE
(original signature required on endorsement furnished to the Agency)

ORGANIZATION: TITLE:

ADDRESS:

TELEPHONE:
190
EXHIBIT "A" - INSURANCE ENDORSEMENTS & CERTIFICATE

AUTOMOBILE LIABILITY ENDORSEMENT (Revised 3/17/87)

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City of Murrieta ("the Agency")
1 Town Square
24601 Jefferson Avenue
Murrieta, CA 92562
Attn: Engineering Manager

A. POLICY INFORMATION Endorsement No.

1. Insurance Company
Policy No.

2. Policy Term: From: To:

Endorsement Effective Date:

3. Named Insured

4. Address of Named Insured

5. Limit of Liability Any One Occurrence/Aggregate $

6. Deductible or Self-Insured Retention (Nil unless otherwise specified):

B. POLICY AMENDMENTS

This endorsement is issued in consideration of the policy premium. Notwithstanding any inconsistent statement in the policy to which this endorsement is attached or any other endorsement attached thereto, it is agreed as follows:

1. INSURED. The Agency, its elected or appointed officers, officials, employees and volunteers are included as insureds with regard to damages and defense of claims arising from: the ownership, operation, maintenance, use, loading or unloading of any auto owned, leased, hired or borrowed by the Named Insured, regardless of whether liability is attributable to the Named Insured or a combination of the Named Insured and the Agency, its elected or appointed officers, officials, employees or volunteers.

2. CONTRIBUTION NOT REQUIRED. As respects work performed by the Named Insured for or on behalf of the Agency, the insurance afforded by this policy shall: (a) be primary insurance as respects the Agency, its elected or appointed officers, officials, employees or volunteers; or (b) stand in an unbroken chain of coverage excess of the Named Insured's primary coverage. In either event, any other insurance maintained by the Agency, its elected or appointed officers, officials, employees or volunteers shall be in excess of this insurance and shall not contribute with it.

3. SCOPE OF COVERAGE. This policy, if primary, affords coverage to the Named Insured at least as broad as:
a. Insurance Services Office form number CA-0001 (Ed. 1/78), Code 1 ("any auto") an endorsement CA-0025.
b. If excess, affords coverage which is at least as broad as the primary insurance forms referenced in the preceding section (1).
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4. SEVERABILITY OF INTEREST. The insurance afforded by this policy applies separately to each insured who is seeking coverage or against whom a claim is made or a suit is brought, except with respect to the Company's limit of liability.

5. PROVISIONS REGARDING THE INSURED'S DUTIES AFTER ACCIDENT OR LOSS.

Any failure to comply with reporting provisions of the policy shall not affect coverage provided to the Agency, its elected or appointed officers, officials, employees or volunteers.

6. CANCELLATION NOTICE. The insurance afforded by this policy shall not be suspended, voided, canceled, reduced in coverage or in limits except after thirty (30) days' prior written notice by certified mail return receipt requested has been given to the Agency. Such notice shall be addressed as shown in the heading of this endorsement.

C. INCIDENT AND CLAIM REPORTING PROCEDURE
Incidents and claims are to be reported to the insurer at:

ATTN:
(Title) (Department)

(Company)

(Street Address)

(City) (State) (Zip Code)

(Telephone Number)

D. SIGNATURE OF INSURER OR AUTHORIZED REPRESENTATIVE OF THE INSURER

I, (print/type name), warrant that I have authority to bind the below listed insurance company and by my signature hereon do so bind this company.

SIGNATURE OF AUTHORIZED REPRESENTATIVE
(original signature required on endorsement furnished to the Agency)

ORGANIZATION: TITLE:

ADDRESS:

TELEPHONE:
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WORKERS’ COMPENSATION/EMPLOYERS LIABILITY ENDORSEMENT

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City of Murrieta ("the Agency")
1 Town Square
24601 Jefferson Avenue
Murrieta, CA 92562
Attn: Engineering Manager

A. POLICY INFORMATION Endorsement No.

1. Insurance Company ("the Company")
Policy No.

2. Endorsement Effective Date:

3. Named Insured

4. Employer's Liability Limit (Coverage B)

B. POLICY AMENDMENTS

In consideration of the policy premium and notwithstanding any inconsistent statement in the policy to which this endorsement is attached or any other endorsement attached thereto, it is agreed as follows:

1. CANCELLATION NOTICE. The insurance afforded by this policy shall not be suspended, voided, canceled, reduced in coverage or in limits except after thirty (30) days' prior written notice by certified mail return receipt requested has been given to the Agency. Such notice shall be addressed as shown in the heading of this endorsement.

2. WAIVER OF SUBROGATION. The Insurance Company agrees to waive all rights of subrogation against the Agency, its elected or appointed officers, officials, agents and employees for losses paid under the terms of this policy which arise from work performed by the Named Insured for the Agency.

C. SIGNATURE OF INSURER OR AUTHORIZED REPRESENTATIVE OF THE INSURER

I, (print/type name), warrant that I have authority to bind the below listed insurance company and by my signature hereon do so bind this company.

SIGNATURE OF AUTHORIZED REPRESENTATIVE
(original signature required on endorsement furnished to the Agency)

ORGANIZATION: TITLE:

ADDRESS:

TELEPHONE:

(Revised 3/17/87)
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Return Completed Certificate to
City of Murrieta (Agency)
1 Town Square
24601 Jefferson Avenue
Murrieta, CA 92562
Attn: Engineering Manager

CERTIFICATE OF INSURANCE
TO

CITY OF MURRIETA
("Agency")

(Revised 5/28/87)
Only this Certificate
of Insurance form
will be accepted

This certifies to the Agency that the following described policies have been issued to the Insured named below and are in force at this time.

Insured

Address

Description of operations/locations/products insured (show City Project name and/or number, if any):

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POLICIES

AND INSURERS
LIMITS
Bodily Injury/Property Damage
POLICY
NUMBER

EXPIRATION
DATE
Workers' Compensation

(Name of Insurer)

Best's Rating

Employers Liability $

Check policy type:

Comprehensive General Liability
or
Commercial General Liability

(Name of Insurer)

Best's Rating

"Claims-made"

"Occurrence"

Each Occurrence $

Aggregate $

or

Combined Single Limit $

Aggregate $

Business Auto Policy

Liability Coverage Symbol

(Name of Insurer)

Best's Rating

Each Person $

Each Accident $

or

Combined Single Limit $

Umbrella Liability

(Name of Insurer)

Best's Rating

"Claims-made"

"Occurrence"

Occurrence/
Aggregate $

Self-Insured Retention $

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WORKERS’ COMPENSATION/EMPLOYERS LIABILITY ENDORSEMENT

01375.0006/1005114.1 APPENDIX B B-10 9/12/2024
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The following coverage or conditions are in effect: Yes No The Agency, its officials, and employees are named on all liability policies described above as insureds as respects: (a) activities performed for the Agency by or on behalf of the Named Insured, (b) products and completed operations of the Named Insured, and (c) premises, owned, leased or used by the Named Insured.

Products and Completed Operations
The undersigned will mail to the Agency 30 days' written notice of cancellation or reduction of coverage or limits.

Cross Liability Clause (or equivalent wording)
Personal Injury, Perils, A, B and C
Broad Form Property Damage
X, C, U Hazards included
Contractual Liability Coverage applying to this Contract Liquor Liability
Coverage afforded the Agency, its officials, employees and volunteers as Insureds applies as primary and not excess or contributing to any insurance issued in the name of the Agency.

Waiver of subrogation from Workers' Compensation insurer.

This certificate is issued as a matter of information. This certificate is not an insurance policy and does not amend, extend or alter the coverage afforded by the policies listed herein. Notwithstanding any requirement, term or condition of any contract or other document with respect to which this certificate of insurance may be issued or may pertain, the insurance afforded by the policies described herein is subject to all the terms, exclusions and conditions of such policies.

Agency or Brokerage Insurance Company

Address Home Office

Name of Person to be Contacted Authorized Signature Date

Telephone Number

Note: Authorized signatures may be the agent's if agent has placed insurance through an agency agreement with the insurer. If insurance is brokered, authorized signature must be that of official insurer.

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CITY OF MURRIETA
City Council Meeting Agenda
Report
9/17/2024
Agenda Item No. 5.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Kim Summers, City Manager
PREPARED BY: Jakkie Arellano, Management Analyst - Administrative Services SUBJECT:

On-Call Design and Installation Services for Signage Projects

RECOMMENDATION
Approve a five-year agreement with Motivational Systems, Inc. for on-call design and installation services for signage projects throughout the City of Murrieta facilities in an amount not to exceed $50,000; and Authorize the exemption from bidding requirements.

PRIOR ACTION/VOTE
None.

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
In 2022, the City of Murrieta began a City Hall renovation project. The project included fresh paint, new flooring, ergonomic cubicles, and office furniture. Along with the updated furniture, the previous wall décor and signage was updated with current branding colors and designs to create a cohesive signage program. City staff secured quotes for these projects from vendors in the region; however, they did not include design work and installation. Motivational Systems, Inc. included design at no additional fee. Using an approved sole source and under the City Manager’ssigning authority, City staff entered into an Agreement with Motivational Systems. The vendor began installing signs, wall graphics, and pictures throughout City Hall and the City Hall Annex, including City Council photos, the City’sstated organizational values, signage to identify departments, and an employee recognition wall.

These improvements are being completed in phases, and the contract needs to be renewed. Staff recommends entering into a new agreement with Motivational Systems to maintain consistency of the new design scheme and requests an exception to the competitive bidding process. The agreement is through June CITY OF MURRIETA Printed on 9/12/2024Page 1 of 2
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9/17/2024
Agenda Item No. 5.
30, 2029, for a contract amount not to exceed $50,000.

Murrieta Municipal Code Section 3.08.280 allows for exceptions to the competitive bidding process. Upon approval, the City Council acknowledges that the bidding process would be deemed inefficient, impractical, and unnecessary to procure these services. In this case, Motivational Systems has substantial historical context that creates efficiencies that render the bidding process inefficient and unnecessary.

FISCAL IMPACT
The proposed agreement is for a not to exceed of $50,000. There is an adequate budget in General Ledger Account 1101600-62280 to cover the cost of these services.

ATTACHMENTS

1. Agreement with Motivational Systems, Inc.

CITY OF MURRIETA Printed on 9/12/2024Page 2 of 2
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AGREEMENT FOR GENERAL SERVICES
WITH THE CITY OF MURRIETA (“CITY”)
Project Name/Description (“Project”):DESIGN AND INSTALLATION SERVICES Contract Number:Click or tap here to enter text.

Contractor Name (“Contractor”):MOTIVATIONAL SYSTEMS, INC.

Contractor Business Type:Corporation
Contractor Address:2200 Cleveland Avenue, National City, CA 91950 Contractor Representative Name and Title (“ Contractor Representative”):Andrew P. Cabrera, V.P. Sountern CA Regional Manager
Contractor Representative Work Phone and Email:951-461-6010 Termination Date:6/30/2029
Total Not-To-Exceed Contract Amount (“Contract Sum”):$50,000.00 City Department Contact (“Department Contact”):Jackie Arellano Department Contact Work Phone and Email:951-461-6004, [email protected] Is Federal Funding Being Used to Fund Any Part of The Project (Yes/No):No

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RECITALS
The City desires to contract with a Contractor to provide services as more further set forth herein.

The City entered into an agreement with Contractor on April 1, 2023 which terminated on June 30, 2024.

City desires to continue to contract with Contractor for an additional term under the terms and conditions set forth herein.

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AGREEMENT FOR GENERAL SERVICES
WITH THE CITY OF MURRIETA (“CITY”)

THIS AGREEMENT FOR SERVICES (“ Agreement”) is made and entered into and effective on the date executed by the City by and between CITY OF MURRIETA, a California municipal corporation (“ City”) and (“ Contractor”). City and Contractor may be referred to individually as “Party” or collectively as “Parties.” In consideration of the mutual promises and covenants made by the Parties and contained herein and other consideration, the value and adequacy of which are hereby acknowledged, the Parties agree as follows:

ARTICLE 1. SERVICES OF CONTRACTOR

1.1 Scope of Services. In compliance with all terms and conditions of this Agreement, Contractor shall provide those services specified in the “ Scope of Services ” attached hereto as Exhibit A and incorporated herein by this reference, which may be referred to herein as the “ services” or “ work” hereunder. As a material inducement to City entering into this Agreement, Contractor represents and warrants: a) it has the qualifications, experience, and facilities necessary to properly perform the Services required under this Agreement b) all services set forth in the Scope of Services will be performed in a competent and satisfactory manner; c) all materials used for services will be both of good quality as well as fit for the purpose intended; and, d) Contractor shall follow the highest professional standards and practices in performing the services required hereunder.

1.2 Contractor’s Proposal. The Scope of Services shall include the scope of services or work included in Contractor’s proposal or bid, which shall be incorporated herein by this reference as though fully set forth herein. In the event of any inconsistency between the terms of such proposal or bid, and this Agreement, the terms of this Agreement shall govern. No other terms and conditions from Contractor’s proposal or bid, other than description of scope of services or work, shall apply to this Agreement, unless specifically agreed to by City in writing.

1.3 Compliance with Law. All services rendered hereunder shall be provided in accordance with all ordinances, resolutions, statutes, rules and regulations of City and any federal, State or local governmental agency having jurisdiction in effect at the time services are rendered. City, and its officers, employees and agents, shall not be liable at law or in equity for failure of Contractor to comply with this Section.

1.4 Licenses, Permits, Fees and Assessments. Contractor shall obtain at its sole cost and expense such licenses, permits and approvals as may be required by law for the performance of the services required by this Agreement. Contractor shall have the sole obligation to pay for any fees, assessments and taxes, plus applicable penalties and interest, which may be imposed by law and arise from or are necessary for Contractor’s performance of the services required by this Agreement, and shall indemnify, defend and hold harmless City against any such fees, assessments, taxes, penalties or interest levied, assessed or imposed against City hereunder.

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1.5 Familiarity with Work. By executing this Agreement, Contractor represents and warrants Contractor: a) has thoroughly investigated and considered services to be performed, b) has carefully considered how services should be performed, and c) fully understands the facilities, difficulties and restrictions attending performance of services under this Agreement.

1.6 Software and Computer Services. If the Scope of Services includes the provision and/or installation of any software, computer system, or other computer technology, Contractor represents and warrants that it is familiar with and/or has inspected City’s current infrastructure, equipment, computer system and software and that the software, computer system, or other computer technology provided and/or installed by Contractor under this Agreement is compatible, and shall be fully functional, with such infrastruc ture, equipment, computer system and software of City. Contractor acknowledges that City is relying on this representation by Contractor as a material consideration in entering into this Agreement.

1.7 Prevailing Wages. If services include any “public work” or “maintenance work,” as those terms are defined in California Labor Code section 1720 et seq. and California Code of Regulations, Title 8, section 16000 et seq. , and if the total compensation is $1,000 or more, Contractor shall pay prevailing wages for such work and comply with the requirements in California Labor Code section 1770 et seq. and 1810 et seq., and all other applicable laws.

1.8 Special Requirements. Additional terms and conditions of this Agreement, if any, which are made a part hereof are set forth in the “Special Requirements” attached hereto as Exhibit B and incorporated herein by this reference. In the event of a conflict between the provisions of Exhibit B and any other provisions of this Agreement, the provisions of Exhibit B shall govern.

ARTICLE 2. COMPENSATION AND METHOD OF PAYMENT

2.1 Contract Sum. Subject to any limitations set forth in this Agreement, City agrees to pay Contractor the rates specified in the “Schedule of Compensation” attached hereto as Exhibit C and incorporated herein by this reference . The total compensation for all work, including reimbursement for actual expenses, shall not exceed the Contract Sum set forth above . Compensation may include reimbursement, for actual and necessary expenditures , if both are specified in the Schedule of Compensation, as well as approved by City in advance.

2.2 Invoices. Unless some other method of payment is specified in Exhibit C, Schedule of Compensation, in any month in which Contractor wishes to receive payment, no later than the first business day of such month, Contractor shall submit to City, in a form approved by City’s Finance Director, an invoice for services rendered prior to the date of the invoice. By submitting an invoice for payment under this Agreement, Contractor is certifying compliance with all provisions of this 202

Agreement. Except as provided in Section s 7.3, 7.4 and 7.5, City shall pay Contractor for all expenses stated thereon which are approved by City pursuant to this Agreement generally within thirty (30) days, and City will use its best efforts to make payment no later than forty -five (45) days, from the submission of an invoice in an approved form. In the event any charges or expenses are disputed by City, the original invoice shall be returned by City to Contractor for correction and resubmission. Review and payment by City for any invoice provided by Contractor shall not constitute a waiver of any rights or remedies provided herein or any applicable law. Each invoice is to include (unless otherwise specified by City) : 1) line items for all personnel describing the work performed, the number of hours worked, and the hourly rate; 2) line items for all materials and equipment properly charged to the Services; 3) line items for all other approved reimbursable expenses claimed, with supporting documentation ; and 4 ) l ine items for all approved subcontractor labor, supplies, equipment, materials, and travel properly charged to the Services.

ARTICLE 3. PERFORMANCE SCHEDULE

3.0 Time of Essence. Time is of the essence in the performance of this Agreement.

3.1 Term. The Agreement shall commence upon the Effective Date set forth above and will continue until the Termination Date. This Agreement may be extended for up to two, additional one -year periods upon the mutual agreement in writing of both parties.

Unless earlier terminated in accordance with Article 7 of this Agreement, this Agreement shall continue in full force and effect until completion of any ongoing services, which shall be no later than the Termination Date set forth above.

Notwithstanding the foregoing, the Indemnification and Insurance provisions set forth in Article 5 shall survive the termination of this Agreement.

3.2 Schedule of Performance. Contractor shall commence the services pursuant to this Agreement upon receipt of a written notice to proceed from City and shall perform all services within the time period(s) established in the “Schedule of Performance” attached hereto as Exhibit D and incorporated herein by this reference.

3.3 Force Majeure. The time period(s) specified in the Schedule of Performance for performance of the services rendered pursuant to this Agreement shall be extended because of any delays due to unforeseeable causes beyond the control and without the fault or negligence of Contractor, including, but not restricted to, acts of God or of the public enemy, unusually severe weather, fires, earthquakes, floods, epidemics, quarantine restrictions, riots, strikes, freight embargoes, wars, litigation, and/or acts of any governmental agency, including City, if Contractor shall within ten (10) days of the commencement of such delay notify City in writing of the causes of the delay. City shall ascertain the facts and the extent of delay, and extend the time for performing the services for the period of the enforced delay when and if in the judgment of City such delay is justified. City’s determination shall be final and conclusive upon the Parties to this Agreement. In no event shall Contractor be 203

entitled to recover damages against City for any delay in the performance of this Agreement, however caused, Contractor’s sole remedy being extension of this Agreement pursuant to this Section.

ARTICLE 4. COORDINATION OF WORK

4.1 Representative of Contractor. The Contractor Representative is authorized to act on Contractor’s behalf with respect to the work or services specified herein and to make all decisions in connection therewith. It is expressly understood that the experience, knowledge, capability and reputation of the representative was a substantial inducement for C ity to enter into this Agreement. Therefore, the representative shall be responsible during the term of this Agreement for directing all activities of Contractor and devoting sufficient time to personally supervise the services hereunder. For purposes of this Agreement, the representative may not be replaced nor may their responsibilities be substantially reduced by Contractor without the express written approval of City.

4.2 Department Contact for City . The Department Contact (or other person designated by the City Manager) shall be the primary person on behalf of City responsible for the administration of the Agreement. It shall be Contractor’s responsibility to assure that the Department Contact is kept informed of both the progress of the performance of the services as well as any decisions which must be made by City.

4.3 Approvals from City. City approvals or actions, pursuant to the authority of this Agreement, are to be made (unless otherwise specified) either by the Contract Manager, City Manager or by their delegate as provided for in writing.

4.4 Independent Co ntractor. Neither City , nor any of its officers, employees or agents, shall have any control over the manner or means by which Contractor, or its officers, employees, agents or subcontractors , perform the services required herein, except as otherwise set forth herein. Contractor shall perform all services required herein as an independent contractor of City and shall remain under only such obligations as are consistent with that role. Contractor shall not at any time or in any manner represent that it, or any of its officers, employees, agents or subcontractors, are officers, employees or agents of City. City shall not in any way or for any purpose become or be deemed to be a partner of Contractor in its business or otherwise or a joint venturer or a member of any joint enterprise with Contractor.

Contractor shall not incur or have the power to incur any debt, obligation or liability whatever against City, or bind City in any manner. Contractor represents and warrants that the personnel used to provide services to City pursuant to this Agreement shall at all times be under Contractor’s exclusive control and direction.

No City employee benefits shall be available to Contractor, its officers, employees, agents or subcontractors, in connection with the performance of this Agreement.

City shall not be liable for compensation or indemnification to Contractor, its 204

officers, employees, agents or subcontractors, for injury or sickness arising out of performing services hereunder.

4.5 Subcontracting or Assignment. The experience, knowledge, capability and reputation of Contractor, its principals and employees were a substantial inducement for City to enter into this Agreement. Therefore, without express written approval of City, Contractor shall not contract with any other entity to perform in whole or in part services required hereunder without express written approval of City , and n either this Agreement nor any interest herein may be transferred or assigned. No approved transfer shall release Contractor, or any surety or insured of Contractor, of any liability hereunder without express written consent of City.

ARTICLE 5. INSURANCE AND INDEMNIFICATION

5.1 Insurance Coverages. Prior to commencement of any services under this Agreement, and without limiting Contractor’s indemnification obligation to City, Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, for the duration of the Agreement, primary policies of insurance of the type and amounts set forth in the “Insurance Requirements” attached hereto as Exhibit E and incorporated herein by this reference.

5.2 Indemnification.
(a) General Obligations. Contractor agrees, to the full extent permitted by law, to indemnify, defend and hold harmless City and its elected and appointed officers, employees and agents (each an “ Indemnitee” and collectively, “ Indemnitees”) against, and will hold and save them and each of them harmless from, whether actual or threatened, any and all actions, either judicial, administrative, arbitration or regulatory claims, damages to persons or property, losses, costs, penalties, obligations, errors, omissions or liabilities (herein “ Claims or Liabilities”) that may be asserted or claimed by any person, firm or City arising out of or in connection with the performance of the work, operations or activities provided herein of Contractor, its officers, employees, agents, subcontractors, or invitees, or any individual or City for which Contractor is legally liable (each an “Indemnitor” and collectively, “Indemnitors”), and in connection therewith: 1) Contractor will defend any action or actions filed or threatened in connection with any such Claims or Liabilities, or at option of Indemnitee(s) will reimburse and pay for all costs and expenses, including legal costs and attorneys’ fees, incurred by Indemnitee(s) in connection therewith; and, 2) Contractor will promptly pay any judgment rendered against Indemnitee(s) for any such Claims or Liabilities, and will save and hold Indemnitee(s) harmless therefrom.

Further Provisions. The indemnity obligation herein shall be binding on successors, assigns and heirs of Contractor and shall survive termination of this Agreement.

Contractor shall incorporate similar indemnity agreements as provided herein with its subcontractors, and if Contractor fails to do so Contractor shall be fully responsible to indemnify City hereunder therefor. Failure of City and/or City 205

Parties (collectively “City” for solely this Section 5. 2(b)) to monitor compliance with any of the indemnification provisions herein shall not be a waiver hereof.

Payment of invoices by City is not a condition precedent to enforcement of the indemnity obligation herein. In the event of any dispute between Contractor and City, as to whether liability arises from the sole negligence or willful misconduct of City, Contractor will be obligated to pay for City’s defense until such time as a final judgment has been entered adjudicating City as solely negligent or responsible for willful misconduct. Contractor will not be entitled in the absence of such a determination to any reimbursement of defense costs including but not limited to attorney’s fees, expert fees and costs of litigation.

ARTICLE 6. RECORDS, REPORTS AND RELEASE OF INFORMATION

6.1 Records. Contractor shall keep, and require subcontractors to keep, such ledgers, books of accounts, invoices, vouchers, canceled checks, reports, studies or other documents relating to the disbursements charged to City and services performed hereunder (“books and records ”) as shall be necessary to perform the services required by this Agreement and enable City to evaluate the performance of such services. Any and all such books and records shall be maintained in accordance with generally accepted accounting principles, shall be complete and detailed, and shall be readily accessible . City shall have full and free access to such books and records at all times during normal busin ess hours of City, including the right to inspect, copy, audit and make records and transcripts. Such books and records shall be maintained for a period of three (3) years following completion of the services hereunder. City shall have access to such books and records in the event any audit is required. Contractor shall fully cooperate with City in providing access to any and all Contractor records and documents if a public records request is made and disclosure is required by law including but not limited to the California Public Records Act.

6.2 Ownership of Documents. All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents and other materials (“ documents and materials ”) prepared by Contractor, its officers, employees, agents and subcontractors in the performance of this Agreement shall be the property of City and shall be delivered to City upon request of City and/or upon the termination of this Agreement, and Contractor shall have no claim for further employment or additional compensation as a result of the exercise by City of its full rights of ownership , use, reuse, or assignment of the documents and materials hereunder. Contractor may retain copies of such documents and materials for its own use. Contractor shall have the right to use the concepts embodied therein. All subcontractors shall provide for assignment to City of any documents and materials prepared by them, and in the event Contractor fails to secure such assignment, Contractor shall indemnify City for all damages resulting therefrom. Moreover, with respect to any Contractor documents and 206

materials that may qualify as “works made for hire” as defined in 17 U.S.C. § 101, such documents and materials are hereby deemed “works made for hire” for City.

6.3 Confidentiality and Release of Information. All information gained or work product produced by Contractor in its performance of this Agreement shall be considered confidential, unless such information is in the public domain or already known to Contractor. Contractor shall not release or disclose any such information or work product to persons or entities other than City without prior written authorization from City. Contractor, its officers, employees, agents or subcontractors, shall not, without prior wri tten authorization from City or unless requested by the City Attorney, voluntarily provide documents, declarations, letters of support, testimony at depositions, response to interrogatories or other information concerning the work performed under this Agreement. Response to a subpoena or court order shall not be considered “voluntary” provided Contractor immediately gives City notice of such court order or subpoena. If Contractor, or any officer, employee, agent or subcontractor of Contractor, provides any information or work product in violation of this Agreement, then City shall have the right to reimbursement and indemnity from Contractor for any damages, costs and fees, including attorney’s fees, caused by or incurred as a result of Contractor’s conduct. As concerning, r egarding or related to, in any way, this Agreement and the work performed thereunder: a) Contractor shall immediately notify City should Contractor, its officers, employees, agents or subcontractors be served with any summons, complaint, subpoena, notice of deposition, request for documents, interrogatories, request for admiss ions or other discovery request, court order or subpoena from any party ; b) City retains the right, but has no obligation, to represent Contractor or be present at any deposition, hearing or similar proceeding; and, c) Contractor agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Contractor, however, this right to review any such response does not imply or mean the right by City to control, direct, or rewrite said response.

ARTICLE 7. ENFORCEMENT OF AGREEMENT AND TERMINATION

7.1 California Law. This Agreement shall be interpreted, construed and governed both as to validity and to performance of the Parties in accordance with the laws of the State of California. Legal actions concerning any dispute, claim or matter arising out of or in relation to this Agreement shall be instituted in the Superior Court of the County of Riverside, State of California, or any other appropriate court in such county, and Contractor agrees to submit to the personal jurisdiction of such court in the event of such action. In the event of litigation in a U.S. District Court, venue shall lie exclusively in the Central District of California, in the County of Riverside, State of California.

7.2 Suspension, or Termination, Prior to Expiration of Term. This Section shall govern any termination of this Agreement except as specifically provided in Section

7.4 for termination for cause. City reserves the right to terminate or suspend this Agreement, or any portion hereof, at any time, for any reason, with or without cause, upon ten (10) days’ notice to Contractor, except that where termination or 207

suspension is due to the fault of Contractor, the period of notice may be such shorter time as determined by City. Upon receipt of any notice of termination or suspension, Contractor shall immediately cease all services hereunder , unless the notice provides otherwise, or except such as specifically approved by City. Upon submittal of an invoice consistent with Section 2. 2, Contractor shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination or suspe nsion and for any services authorized by City thereafter in accordance with the Schedule of Compensation, or such a s may be approved by City, except as provided in Section 7.5. In event of termination , or suspension, without cause pursuant to this Section, there is no need to provide opportunity to cure pursuant to Section 7.3.

7.3 Default of Contractor and Opportunity to Cure. In the event that Contractor is in default under the terms of this Agreement, City shall not have any obligation or duty to continue compensating Contractor for any work performed after the date of default. Instead, City may give notice to Contractor of the default and the reasons for the default. The notice shall include the timeframe in which Contractor may cure the default. This timeframe is presumptively t en (10) days, but may be extended, or reduced, if circumstances warrant, as determined by City. During the period of time that Contractor is in default, City shall hold all invoices and shall, when the default is cured, proceed with payment on the invoices , without liability for interest. In the alternative, City may, in its sole discretion, elect to pay some or all of the outstanding invoices during the period of default. If Contractor does not cure the default by conclusion of noticed timeframe , City may immediately both terminate this Agreement with notice to Contractor as well as pursue the remedy in Section 7.4, without prejudice to any other rem edy to which City may be entitled at law, in equity or under this Agreement . Any failure on the part of City to give notice of Contractor’s default shall not be deemed to result in a waiver of City’s legal rights or any rights arising out of any provision of this Agreement.

7.4 Termination for Default of Contractor. If termination is due to the failure of Contractor to fulfill its obligations under this Agreement, City may, after compliance with the provisions of Section 7.3, take over the work and prosecute the same to completion by contract or otherwise, and Contractor shall be liable to the extent that the total cost for completion of the services required hereunder exceeds the compensation herein stipulated (provided that City shall use reasonable efforts to mitigate such dama ges), and City may withhold any payments to Contractor for the purpose of set-off or partial payment of the amounts owed City therefor.

7.5 Retention of Funds. Contractor hereby authorizes City to deduct from any amount payable to Contractor (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Contractor’s acts or omissions in performing or failing to perform Contractor’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Contractor, or any 208

indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of Contractor to insure, indemnify, and protect City as elsewhere provided herein.

7.6 Waiver. Waiver by any Party to this Agreement of any term, condition, or covenant of this Agreement shall not constitute a waiver of any other term, condition, or covenant. Waiver by any Party of any breach of the provisions of this Agreement shall not constitute a waiver of any other provision or a waiver of any subsequent breach or violation of any provision of this Agreement. Acceptance by City of any work or services by Contractor shall not constitute a waiver of any of the provisions of this Agreement. No delay or omission in the exercise of any right or remed y by a non -defaulting Party on any default shall impair such right or remedy or be construed as a waiver. Any waiver by either Party of any default must be in writing and shall not be a waiver of any other default concerning the same or any other provision of this Agreement. Contractor acknowledges and agrees that any actual or alleged failure on the part of City to inform Contractor of non-compliance with any requirement of this Agreement imposes no additional obligations on City nor does it waive any righ ts hereunder. Payment to Contractor for work performed pursuant to this Agreement shall not be deemed to waive any defects in work performed by Contractor.

7.7 Rights and Remedies are Cumulative. Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the Parties are cumulative and the exercise by either Party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other Party.

7.8 Legal Action. In addition to any other rights or remedies, either Party may take legal action, in law or in equity, to cure, correct or remedy any default, to recover damages for any default, to compel specific performance of this Agreement, to obtain declaratory or injunctive relief, or to obtain any other remedy consistent with the purposes of this Agreement. Notwithstanding any contrary provision herein, Contractor shall file a statutory claim pursuant to Government Code sections 905 et seq. and 910 et seq., in order to pursue a legal action under this Agreement.

7.9 Attorneys’ Fees. If either Party to this Agreement is required to initiate or defend or made a party to any action or proceeding in any way connected with this Agreement, the prevailing party in such action or proceeding, in addition to any other relief which may be granted, whether lega l or equitable, shall be entitled to reasonable attorneys ’ fees. Attorneys’ fees shall include attorneys ’ fees on any appeal, and a Party entitled to attorneys’ fees shall be entitled to all other reasonable costs for investigating such action, Contractors’ fees, taking depositions and discovery and all other necessary costs the court allows which are incurred in such 209

litigation. Such fees and costs shall be enforceable whether or not such action is prosecuted to judgment.

ARTICLE 8. INDIVIDUAL LIABILITY, CONFLICTS AND NON-DISCRIMINATION

8.1 Non-liability of City Officers and Employees. No officer or employee of City shall be personally liable to Contractor, or any successor in interest, in the event of any default or breach by City or for any amount which may become due to Contractor or to its successor, or for breach of any obligation of the terms of this Agreement.

8.2 Conflict of Interest. Contractor covenants that neither it, nor any officer or principal of its firm, has or shall acquire any interest, directly or indirectly, which would conflict in any manner with the interests of City or which would in any way hinder Contractor’s performance of services under this Agreement. Contractor further covenants that in the performance of this Agreement, no person having any such interest shall be employed by it as an officer, employee, agent or subcontractor without the express written consent of City. Contractor agrees to at all times avoid conflicts of interest or the appearance of any conflicts of interest with the interests of City in the performance of this Agreement. City, in its sole discretion, shall determine the existence of a conflict of interest and may terminate this Agreement in the event such a conflict of interest exists upon sending Contractor written notice describing the conflict. No officer or employee of City shall have any financial interest, direct or indirect, in this Agreement nor shall any such officer or employee participate in any decision relating to this Agreement which affects their financial interest or the financial interest of any corporation, partnership or association in which they are, directly or indirectly, interested, in violation of any State statute or regulation. Contractor warrants that it has not paid or given and will not pay or give any third party any money or other consideration for obtaining this Agreement.

8.3 Covenant Against Discrimination. Contractor covenants that, by and for itself, its heirs, executors, assigns, and all persons claiming under or through them, that there shall be no discrimination against or segregation of, any person or group of persons on account of race, color, creed, religion, s ex, gender, sexual orientation, marital status, national origin, ancestry or other protected class in the performance of this Agreement. Contractor shall take affirmative action to insure that applicants are employed and that employees are treated during employment without regard to their race, color, creed, religion, sex, gender, sexual orientation, marital status, national origin, ancestry or other protected class.

ARTICLE 9. MISCELLANEOUS PROVISIONS

9.1 Notices. Any notice or other communication either Party desires or is required to give to the other Party or any other person in regards to this Agreement must be in writing and may be given either by (i) personal service, (ii) delivery by a reputable document delivery service, such as but not limited to, Federal Express, which provides a receipt showing date and time of delivery, or (iii) mailing in the Uni ted States Mail, certified mail, postage prepaid, return receipt requested, in the case of 210

City addressed to City Clerk at City of Murrieta, 1 Town Square, Murrieta California 92562, and in the case of Contractor, to the person(s) at the address designated on the cover page of this Agreement. Either Party may change its address by notifying the other Party of the change of address in writing. Notice shall be deemed communicated at the time personally delivered or in seventy -two (72) hours from the time of mailing if mailed as provided in this Section.

9.2 Interpretation. The terms of this Agreement shall be construed in accordance with the meaning of the language used and shall not be construed for or against either Party by reason of the authorship of this Agreement , headings used, or any other rule of construction which might otherwise apply.

9.3 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and such counterparts shall constitute one and the same instrument.

9.4 Integration; Amendment. This Agreement including the attachments hereto is the entire, complete and exclusive expression of the understanding of the Parties as to the Agreement . It is understood that there are no oral agreements between the Parties hereto affecting this Agreement, and this Agreement supersedes and cancels any and all prior and contemporaneous negotiations, arrangements, agreements and understandings, if any, between the Parties, concerning this Agreement, and none shall be used to interpret this Agreement. No amendment to or modification of this Agreement shall be valid unless made in writing and approved by Contractor and by City.

9.5 Severability. Should a portion of this Agreement be declared invalid or unenforceable by a judgment or decree of a court of competent jurisdiction, such invalidity or unenforceability shall not affect any of the remaining portions of this Agreement which are hereby declared as severable and shall be interpreted to carry out the intent of the Parties unless the invalid provision is so material that its invalidity deprives either Party of the basic benefit of their bargain or renders this Agreement meaningless.

9.6 No Undue Influence. Contractor declares and warrants that no undue influence or pressure was used against or in concert with any officer or employee of City in connection with the award, terms or implementation of this Agreement, including any method of coercion, confidential financial arrangement, or financial inducement. No officer or employee of City has or will receive compensation, directly or indirectly, from Contractor, or from any officer, employee or agent of Contractor, in connection with the awar d of this Agreement or any work to be conducted as a result of this Agreement. Violation of this Section shall be a material breach of this Agreement entitling City to remedies in Section 7.4 and any and all remedies at law or equity.

9.7 Corporate Authority. The persons executing this Agreement on behalf of the Parties hereto warrant that (i) such Party is duly organized and existing, (ii) they are duly authorized to execute and deliver this Agreement on behalf of said Party, 211

(iii) by so executing this Agreement, such Party is formally bound to the provisions of this Agreement, and (iv) entering into this Agreement does not violate any provision of any other agreement to which said Party is bound. This Agreement shall be binding upon the heirs, executors, administrators, successors and assigns of the Parties.

9.8 Federal Funding. If federal funding is being utilized to fund any part of the Project, as indicated on the Cover Page of this Agreement, the terms of Exhibit F are hereby incorporated herein by this reference. If no federal funding is being utilized, Exhibit F may be omitted.

[SIGNATURES ON FOLLOWING PAGE]
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IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date and year first-above written.

CITY:

CITY OF MURRIETA, a California municipal
corporation
By:

Lori Stone, Mayor
ATTEST: Date:

Cristal McDonald, City Clerk
Date:

APPROVED AS TO FORM:

ALESHIRE & WYNDER, LLP

Tiffany Israel, City Attorney
Date:

CONTRACTOR:

Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chair person of the Board,
President or any Vice President; and 2) Secretary, any
Assistant Secretary, Chief Financial Officer or any
Assistant Treasurer. (Cal. Corp. Code § 313.) Appropriate attestations shall be included as may be required by the bylaws, articles of incorporation or other rules or
regulations applicable to Contractor’s business City.

By:

Name: Andrew P. Cabrera
Title: V.P. Southern CA Regional Manager
Date:

By:

Name:Jenna Young
Title:V.P. of Operations
Date:
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EXHIBIT "A"

SCOPE OF SERVICES
I. Contractor will perform the following Services:

Design, produce and install City facility branding projects and wall décor on an on call, as needed basis pursuant to a City initiated Task Order. Upon receipt of a Task Order from City, Contractor shall provide a written quote for services. Upon acceptance by City of the terms of such quote, Contractor shall initiate work on the Task Order.

II. In addition to any other requirements of this Agreement, during performance of the Services, Contractor will keep the City appraised of the status of performance by delivering the following status reports:

As set forth in any Task Order.

III. All work product is subject to review and acceptance by the City, and must be revised by the Contractor without additional charge to the City until found satisfactory and accepted by City.

IV. Contractor will utilize the following personnel to accomplish the Services:

N/A

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EXHIBIT "B"

SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)

Click or tap here to enter text.
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EXHIBIT “C”

SCHEDULE OF COMPENSATION

I. City will compensate Contractor for the Services performed upon submission of a valid invoice. Each invoice is to include
A. Line items for all personnel describing the work performed, the number of hours worked, and the hourly rate.

B. Line items for all materials and equipment properly charged to the Services.

C. Line items for all other approved reimbursable expenses claimed, with supporting documentation.

D. Line items for all approved subcontractor labor, supplies, equipment, materials, and travel properly charged to the Services.

II. The total compensation for all Services shall not exceed the Contract Sum as provided in the Cover Page of this Agreement.

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EXHIBIT "D"

SCHEDULE OF PERFORMANCE

I. Contractor shall perform Services as set forth in Exhibit A.

II. Contractor shall deliver the following tangible work products to the City by the following dates.

As set forth in any Task Order

III. The Department Contact may approve extensions for performance of the Services in accordance with Section 3.2.

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EXHIBIT E

INSURANCE REQUIREMENTS

Contractor shall procure and maintain for the duration of the contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder by the Contractor, its agents, representatives, or employees.

MINIMUM SCOPE AND LIMIT OF INSURANCE

Coverage shall be at least as broad as:

1. Commercial General Liability (CGL): Insurance Services Office Form CG 00 01 covering CGL on an “occurrence” basis, including products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than $2,000,000 per occurrence. If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location (ISO CG 25 03 or 25 04) or the general aggregate limit shall be twice the required occurrence limit.

2. Automobile Liability: Insurance Services Office Form Number CA 0001 covering, Code 1 (any auto), or if Contractor has no owned autos, Code 8 (hired) and 9 (non-owned), with limit no less than $1,000,000 per accident for bodily injury and property damage.

3. Workers’ Compensation insurance as required by the State of California, with Statutory Limits, and Employer’s Liability Insurance with limit of no less than $1,000,000 per accident for bodily injury or disease. (Not required if Contractor provides written verification it has no employees)

If the Contractor maintains broader coverage and/or higher limits than the minimums shown above, the City requires and shall be entitled to the broader coverage and/or the higher limits maintained by the Contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.

Other Insurance Provisions
The insurance policies are to contain, or be endorsed to contain, the following provisions:

Additional Insured Status
The City, its officers, officials, employees, and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of the Contractor including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage can be provided in the form of an endorsement to the Contractor's insurance (at least as broad as ISO Form CG 20 10 11 85 or if not available, through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 if a later edition is used).
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Primary Coverage
For any claims related to this contract, the Contractor’s insurance coverage shall be primary and non -contributory and at least as broad as ISO CG 20 01 04 13 as respects the City, its officers, officials, employees, and volunteers. Any insurance or self -insurance maintained by the City, its officers, officials, employees, or volunteers shall be excess of the Contractor’s insurance and shall not contribute with it. This requirement shall also apply to any Excess or Umbrella liability policies.

Umbrella or Excess Policy
The Contractor may use Umbrella or Excess Policies to provide the liability limits as required in this agreement. This form of insurance will be acceptable provided that all of the Primary and Umbrella or Excess Policies shall provide all of the insurance coverages herein required, including, but not limited to, primary and non -contributory, additional insured, Self -Insured Retentions (SIRs), indemnity, and defense requirements. The Umbrella or Excess policies shall be provided on a true “following form” or broader coverage basis, with coverage at least as broad as provided on the underlying Commercial General Liability insurance. No insurance policies maintained by the Additional Insureds, whether primary or excess, and which also apply to a loss covered hereunder, shall be called upon to contribute to a loss until the Contractor’s primary and excess liability policies are exhausted.

Notice of Cancellation
Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to the City.

Waiver of Subrogation
Contractor hereby grants to City a waiver of any right to subrogation which any insurer of said Contractor may acquire against the City by virtue of the payment of any loss under such insurance.

Contractor agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the City has received a waiver of subrogation endorsement from the insurer.

Self-Insured Retentions
Self-insured retentions must be declared to and approved by the City. The City may require the Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self -insured retention may be satisfied by either the named insured or City. The CGL and any policies, including Excess liability policies, may not be subject to a self -insured retention (SIR) or deductible that exceeds $25,000 unless approved in writing by City. Any and all deductibles and SIRs shall be the sole responsibility of Contractor or subcontractor who procured such insurance and shall not apply to the Indemnified Additional Insured Parties. City may deduct from any amounts otherwise due Contractor to fund the SIR/deductible. Policies shall NOT contain any self-insured retention (SIR) provision that limits the satisfaction of the SIR to the Named. The policy must also provide that Defense costs, including the Allocated Loss Adjustment Expenses, will satisfy the SIR or 219

01375.0001/1005057.1
deductible. City reserves the right to obtain a copy of any policies and endorsements for verification.

Acceptability of Insurers
Insurance is to be placed with insurers authorized to conduct business in the state with a current A.M. Best’s rating of no less than A:VII, unless otherwise acceptable to the City.

Claims Made Policies (note – should be applicable only to professional liability, see below) If any of the required policies provide claims-made coverage:

1. The Retroactive Date must be shown, and must be before the date of the contract or the beginning of contract work.

2. Insurance must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the contract of work.

3. If coverage is canceled or non -renewed, and not replaced with another claims -made policy form with a Retroactive Date prior to the contract effective date, the Contractor must purchase “extended reporting” coverage for a minimum of five (5) years after completion of work.

Verification of Coverage
Contractor shall furnish the City with original certificates and amendatory endorsements or copies of the applicable policy language effecting coverage required by this clause and a copy of the Declarations and Endorsements Pages of the CGL and any Excess policies listing all policy endorsements. All certificates and endorsements and copies of the Declarations & Endorsements pages are to be received and approved by the City before work commences. However, failure to obtain the required documents prior to the work beginning shall not waive the Contractor’s obligation to provide them. The City reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time.

City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

Subcontractors
Contractor shall require and verify that all subcontractors maintain insurance meeting all the requirements stated herein, and Contractor shall ensure that City is an additional insured on insurance required from subcontractors.

Duration of Coverage
CGL & Excess liability policies for any construction related work, including, but not limited to, maintenance, service, or repair work, shall continue coverage for a minimum of 5 years for Completed Operations liability coverage. Such Insurance must be maintained , and evidence of insurance must be provided for at least five (5) years after completion of the contract of work.

Special Risks or Circumstances
City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.

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EXHIBIT F

FEDERAL REQUIREMENTS
(Only applicable if required on cover page of agreement) 221
ANY PROPRIETOR/PARTNER/EXECUTIVEOFFICER/MEMBER EXCLUDED?

INSR ADDLSUBRLTR INSDWVD
PRODUCER CONTACTNAME: FAXPHONE(A/C, No):(A/C, No, Ext):E-MAILADDRESS:INSURER A :INSURED INSURER B :INSURER C :INSURER D :INSURER E :INSURER F :

POLICY NUMBERPOLICY EFFPOLICY EXPTYPE OF INSURANCELIMITS(MM/DD/YYYY)(MM/DD/YYYY)

AUTOMOBILE LIABILITY

UMBRELLA LIABEXCESS LIABWORKERS COMPENSATIONAND EMPLOYERS' LIABILITY DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)

AUTHORIZED REPRESENTATIVE
EACH OCCURRENCE$DAMAGE TO RENTEDCLAIMS-MADEOCCUR $PREMISES (Ea occurrence)MED EXP (Any one person)$PERSONAL & ADV INJURY$GEN'L AGGREGATE LIMIT APPLIES PER:GENERAL AGGREGATE$PRO-POLICYLOC PRODUCTS - COMP/OP AGGJECT OTHER: $COMBINED SINGLE LIMIT$(Ea accident)ANY AUTO BODILY INJURY (Per person)$OWNEDSCHEDULEDBODILY INJURY (Per accident)$AUTOS ONLYAUTOSHIREDNON-OWNEDPROPERTY DAMAGE$AUTOS ONLYAUTOS ONLY(Per accident)$OCCUR EACH OCCURRENCECLAIMS-MADEAGGREGATE$DEDRETENTION$ PEROTH-STATUTEERE.L. EACH ACCIDENTE.L. DISEASE - EA EMPLOYEE$If yes, describe underE.L. DISEASE - POLICY LIMITDESCRIPTION OF OPERATIONS below INSURER(S) AFFORDING COVERAGENAIC #

COMMERCIAL GENERAL LIABILITY
Y / NN / A(Mandatory in NH)
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORETHE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED INACCORDANCE WITH THE POLICY PROVISIONS.

THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIODINDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THISCERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.

THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THISCERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIESBELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZEDREPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement onthis certificate does not confer rights to the certificate holder in lieu of such endorsement(s).

COVERAGESCERTIFICATE NUMBER:REVISION NUMBER:

CERTIFICATE HOLDERCANCELLATION
© 1988-2015 ACORD CORPORATION. All rights reserved.ACORD 25 (2016/03)

CERTIFICATE OF LIABILITY INSURANCEDATE (MM/DD/YYYY)
$
$$$$
The ACORD name and logo are registered marks of ACORD
12/29/2023
License # 0525512(619) 668-2385 11535289Motivational Systems Inc2200 Cleveland Ave.National City, CA 9195013269 A 2,000,000X60236736151/1/20241/1/2025500,00015,0002,000,0002,000,0002,000,000WASH STOP LOSS1,000,000A 60236736291/1/20241/1/20253,000,000A 60236736011/1/20241/1/20253,000,00010,000B M10695141/1/20241/1/20251,000,000N 1,000,0001,000,000 CITY OF MURRIETA is included when required by written contract/agreement as additional insured for ongoing operations, with respects to the general liability, per forms attached.

CITY OF MURRIETA1 Town SquareMurrieta, CA 92562
MOTISYS-02AHOLDREN
Teague Insurance Agency, Inc.4700 Spring St., #400La Mesa, CA 91942-0275Janna McCowan, CISR [email protected] Insurance CompanyZenith Insurance Company X

X XXXXXX
222
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-
CNA

CNA PARAMOUNT
Blanket Additional Insured - Owners, Lessees or
Contractors - with Products-Completed
Operations Coverage Endorsement
This endorsement modifies insurance provided under the following:

COMMERCIAL GENERAL LIABILITY COVERAGE PART
It is understood and agreed as follows:

I. WHO IS AN INSURED is amended to include as an Insured any person or organization whom you are required by written contract to add as an additional insured on this coverage part, but only with respect to liability for bodily injury, property damage or personal and advertising injury caused in whole or in part by your acts or omissions, or the acts or omissions of those acting on your behalf:

A. in the performance of your ongoing operations subject to such written contract; or B. in the performance of your work subject to such written contract, but only with respect to bodily injury or property damage included in the products-completed operations hazard, and only if:

1. the written contract requires you to provide the additional insured such coverage; and

2. this coverage part provides such coverage.

II. But if the written contract requires:

A. additional insured coverage under the 11-85 edition, 10-93 edition, or 10-01 edition of CG2010, or under the 10- 01 edition of CG2037; or
B. additional insured coverage with "arising out of' language; or C. additional insured coverage to the greatest extent permissible by law; then paragraph I. above is deleted in its entirety and replaced by the following:

WHO IS AN INSURED is amended to include as an Insured any person or organization whom you are required by written contract to add as an additional insured on this coverage part, but only with respect to liability for bodily injury, property damage or personal and advertising injury arising out of your work that is subject to such written contract.

Ill. Subject always to the terms and conditions of this policy, including the limits of insurance, the Insurer will not provide such additional insured with:

A. coverage broader than required by the written contract; or B. a higher limit of insurance than required by the written contract.

IV. The insurance granted by this endorsement to the additional insured does not apply to bodily injury, property damage, or personal and advertising injury arising out of:

A. the rendering of, or the failure to render, any professional architectural, engineering, or surveying services, including:

1. the preparing, approving, or failing to prepare or approve maps, shop drawings, opinions, reports, surveys, field orders, change orders or drawings and specifications; and

2. supervisory, inspection, architectural or engineering activities; or B. any premises or work for which the additional insured is specifically listed as an additional insured on another endorsement attached to this coverage part.

V. Under COMMERCIAL GENERAL LIABILITY CONDITIONS, the Condition entitled Other Insurance is amended to add the following, which supersedes any provision to the contrary in this Condition or elsewhere in this coverage part:

CNA75079XX (10-16)