Murrieta City Council
March 18, 2025

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.

Cindy Warren
Mayor
Jon Levell Lisa DeForest Mayor Pro Tem Council Member Lori Stone Ron Holliday Council Member Council Member Justin Clifton, 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, CA 92562
Tuesday, March 18, 2025
4:15 PM CLOSED SESSION
6:00 PM REGULAR MEETING
1 City Council Meeting Agenda March 18, 2025
4:15 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 Government Code sections 54956.9(d)(2), because there is a significant exposure to litigation in one case.

CS2. Conference with Legal Counsel - Existing Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Borel vs. Southern California Gas Company, City of Murrieta, et al; Case Number RIC 2002687; Riverside County Superior Court.

CS3. Conference with Legal Counsel - Existing Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Mickey Dean White, Jr. vs. Southern California Gas Company, City of Murrieta, et al; Case Number MCC 2001692; Riverside County Superior Court.

CS4. Conference with Legal Counsel - Existing Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Alejandro Salazar and Nancy Salazar vs .

Southern California Gas Company, City of Murrieta, et al; Case Number MCC 2001689; Riverside County Superior Court.

CS5. Conference with Legal Counsel - Existing Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Sergio Flores and Blanca Flores vs .

Southern California Gas Company, City of Murrieta, et al; Case Number MCC 2001686; Riverside County Superior Court.

2 City Council Meeting Agenda March 18, 2025
CS6. Conference with Legal Counsel - Existing Litigation The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Deborah Kilpatrick vs. Southern California Gas Company, City of Murrieta, et al; Case Number MCC 2001690; Riverside County Superior Court.

CS7. Public Employee Performance Evaluation
The City Council will hold a closed session, pursuant to Government Code section 54957(b), to conduct an employee evaluation concerning the City Manager.

RECESS TO CLOSED SESSION
6:00 PM REGULAR MEETING

CALL TO ORDER

ANNOUNCEMENT OF CLOSED SESSION ACTION

ROLL CALL

PLEDGE OF ALLEGIANCE

INVOCATION

PRESENTATIONS
Public comments relating to the Presentation will be taken during the respective item.

Proclamation: National Crime Victims' Rights Week (April 6-10, 2025)

APPROVAL OF AGENDA

CITY MANAGER - ADMINISTRATIVE UPDATE
City Manager Administrative Updates is the opportunity for the City Manager to present Department specific updates as well as general community updates.

City Engineer Jeff Hitch: Citywide Traffic Congestion - Los Alamos Road Pilot Program

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB)

REPORTS/ANNOUNCEMENTS
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. 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.

3 City Council Meeting Agenda March 18, 2025

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.

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 10
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. Public comments relating to items on the Consent Calendar will be heard at this time. 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.

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 from the February 10, 2025, Special Workshop and March 4, 2025, Regular City Council Meeting.

3. Monthly Investment Transaction Report for January 2025 Recommended Action:

Receive and file the Monthly Investment Transaction Report for January 2025.

4. Settlement Agreement with Anthony Borel
Recommended Action:

Approval a Settlement Agreement with Anthony Borel; and Authorize the City Manager to sign the agreement.

5. Approval of an Agreement with Granicus Inc. for Agenda Management Services and Public Records Act Request Management Software
Recommended Action:

Ratify the agreement with Granicus Inc. for agenda management services and the Public Records Act request module; and

Authorize the City Manager to approve future renewals for four (4) years for a not -to-exceed total of $243,078.16.

4 City Council Meeting Agenda March 18, 2025

6. Approval of an Agreement with NetFile, Inc. for Electronic Submittal Software for Disclosures Required by the Fair Political Practices Commission Recommended Action:

Approve a three -year agreement, in a form as approved by the City Attorney, with two additional one -year extensions, with NetFile, Inc. for campaign disclosures, statements of economic interests, and ethics training software, retroactively effective to December 1, 2024, for a total not to exceed $67,500; and
Authorize the City Manager to execute the agreement.

7. Recap of City Council Priority Setting Workshop held February 10, 2025 Recommended Action:

Receive and file the revised list of City Council priorities as discussed during the City Council Workshop held on February 10, 2025.

8. Award Construction Contract for Glen Arbor Dog Park Project Recommended Action:

Award the construction contract for the Glen Arbor Dog Park Project, Capital Improvement Project (CIP) No. 8273, to the lowest responsible bidder, Voltaire Engineering, LLC., in the amount of $924,277, plus a 15% contingency;
Amend the Fiscal Year 2024/25 Operating and Capital Improvement Plan budgets to provide an additional budget appropriation for Capital Improvement Project No. 8273 as detailed in the fiscal impact statement; and
Authorize the Mayor to execute the agreement.

9. Notice of Completion for the City of Murrieta Police Department Exterior Painting Project, CIP 21016
Recommended Action:

Accept as complete the improvements for the City of Murrieta Police Department Exterior Painting Project, Capital Improvement Project (CIP) No. 21016; Authorize the transfer of $109,725 in savings to CIP No. 21036, Traffic Bureau Improvement Project; and
Direct the City Clerk to record a Notice of Completion, close CIP No. 21016, and release bonds in accordance with state law and city ordinances.

5 City Council Meeting Agenda March 18, 2025

10. Engineering and Environmental Design Consulting Services for the Menifee Road Improvements Project, CIP No. 13030
Recommended Action:

Approve a Purchase Order amendment with Michael Baker International in the amount of $111,306, increasing the original amount from $258,594 to $369,900, for additional engineering and environmental design consulting services for the Menifee Road Improvements Project, Capital Improvement Plan (CIP) No. 13030; and
Amend the Fiscal Year 2024/25 CIP by establishing an appropriation of $150,000, into CIP No. 13030, from the Gas Tax Fund unassigned fund balance.

PULLED CONSENT CALENDAR ITEMS

PUBLIC HEARINGS

11. Financing for the Kensington Apartments Affordable Housing Project Recommended Action:

Conduct a Public Hearing under the requirements of the Tax Equity Fiscal Responsibility Act (TEFRA) and the Internal Revenue Code of 1986, (IRS Code) as amended; and Adopt Resolution No. 25-4815 entitled: A Resolution of the City Council of the City of Murrieta, California, Approving the Issuance by the California Municipal Finance Authority of Exempt Facility Bonds in an Aggregate Principal Amount Not to Exceed $40,000,000, for the purpose of Financing or Refinancing the Acquisition, Construction, Improvement, and Equipping of the Kensington Apartments Project.

DISCUSSION

12. Update on Efforts of the Southwest Riverside County Elected Leaders Collaborative related to Regional Traffic and Transportation and Next Steps Recommended Action:

Receive a presentation, discuss, and provide direction to staff.

13. Emergency Declaration for Hayes Avenue Bridge at Miller Canyon Creek Recommended Action:

Adopt Resolution No. 25-4816 to:

Declare an emergency condition for the Hayes Avenue Bridge at Miller Canyon Creek; Authorize Purchase Orders for Michael Baker International totaling $89,580.92; and Amend the Capital Improvement Plan budget to create a project for Hayes Avenue Bridge at Miller Canyon Creek and appropriate with $725,000 of Area Drainage Fees.

RECONSIDERATION

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS

6 City Council Meeting Agenda March 18, 2025

ADJOURNMENT

7 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. CS1.

Subject:

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 one case.

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8 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. CS2.

Subject:

Conference with Legal Counsel - Existing Litigation
The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Borel vs. Southern California Gas Company, City of Murrieta, et al; Case Number RIC2002687; Riverside County Superior Court.

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9 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. CS3.

Subject:

Conference with Legal Counsel - Existing Litigation
The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Mickey Dean White, Jr. vs. Southern California Gas Company, City of Murrieta, et al; Case Number MCC2001692; Riverside County Superior Court.

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10 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. CS4.

Subject:

Conference with Legal Counsel - Existing Litigation
The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Alejandro Salazar and Nancy Salazar vs. Southern California Gas Company, City of Murrieta, et al; Case Number MCC2001689; Riverside County Superior Court.

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11 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. CS5.

Subject:

Conference with Legal Counsel - Existing Litigation
The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Sergio Flores and Blanca Flores vs. Southern California Gas Company, City of Murrieta, et al; Case Number MCC2001686; Riverside County Superior Court.

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12 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. CS6.

Subject:

Conference with Legal Counsel - Existing Litigation
The City Council will conduct a closed session, pursuant to Government Code section 54956.9(d)(1), to confer with legal counsel regarding litigation to which the City is a party. The title of such litigation is as follows: Deborah Kilpatrick vs. Southern California Gas Company, City of Murrieta, et al; Case Number MCC2001690; Riverside County Superior Court.

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13 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. CS7.

Subject:

Public Employee Performance Evaluation
The City Council will hold a closed session, pursuant to Government Code section 54957(b), to conduct an employee evaluation concerning the City Manager.

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14 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No.

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City Council Meeting Agenda
Report
3/18/2025
Agenda Item No.

Subject:

City Engineer Jeff Hitch: Citywide Traffic Congestion - Los Alamos Road Pilot Program CITY OF MURRIETA Printed on 3/13/2025Page 1 of 1
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16 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
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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17 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
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 from the February 10, 2025, Special Workshop and March 4, 2025, Regular City Council Meeting.

ATTACHMENTS

1. February 10, 2025

2. March 4, 2025
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18 City Council Meeting Minutes February 10, 2025

CITY OF MURRIETA Monday, February 10, 2025 Council Chambers 8:00 AM SPECIAL WORKSHOP Murrieta, CA 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.

Cindy Warren
Mayor
Jon Levell Lisa DeForest Mayor Pro Tem Council Member Lori Stone Ron Holliday Council Member Council Member Justin Clifton, 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
8:00 AM SPECIAL WORKSHOP
CALL TO ORDER 8:03 a.m.
19 City Council Meeting Minutes February 10, 2025

ROLL CALL

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

Absent: None
PLEDGE OF ALLEGIANCE Council Member Holliday

MAYOR'S WELCOME
The Mayor provided opening remarks of the City Council Workshop and highlighted her vision/goal for the year.

CITY MANAGER COMMENTS
City Manager Justin Clifton provided opening comments on the expectations and goal of the Special Workshop.

PUBLIC COMMENTS - AGENDIZED ITEMS ONLY
John Hunneman: Spoke on the Parks and Recreation Commission and noted concerns over the future of the Cal Oaks Sports Park pool.

Kassen Klein: Spoke positively on the format of the Special Workshop agenda and public availability.

WORKSHOP
WS1. City Council and Administrative Policies
City Clerk Cristal McDonald provided a PowerPoint presentation and guided the discussion of the review of the City Council and administrative policies.

With consensus the City Council directed staff on the following:
 develop an Invocator Policy establishing procedures and guidelines;  maintain the discretion of public comment time by the presiding officer ton include limiting groups to six minutes;
 continue the process for public comments regarding consent calendar items;  add public comments under the Presentation section of the agenda;  update language on public comment cards regarding the City Council’s ability to respond;
 maintain the process of pulling Consent Calendar items;  add Closed Items to the Future Agenda Items process to include going to the City Manager with requests;
20 City Council Meeting Minutes February 10, 2025

 combine the Governing Body Reports and Announcements with the same time limits previously set;
 Proclamations protocol will be addressed at a later date as needed;  maintain the distribution of the agenda timing as is; and  modify agenda reports administratively under City Manager guidance.

The Mayor called for a recess at 9:38 a.m.

The Mayor reconvened the meeting. 9:57 a.m.

WS2. City Council Priorities
City Manager Justin Clifton provided an overview of the City Council Priorities.

Assistant City Manager Kristen Crane reviewed each City Council Priorities project, as listed on the agenda report highlighting milestones, status, and next steps.

Finance Director Javier Carcamo was available to answer questions. .

PUBLIC COMMENTS - AGENDIZED ITEMS ONLY
Kassen Klein: Spoke on the historical significance of adobe structures.

The Mayor called for a recess at 11:03 a.m.

The Mayor reconvened the meeting at 12:01 p.m.

WS2. City Council Priorities (Continued)
Under consensus the City Council directed staff on shifts to the City Council priority tier summary handout:

Tier 1
 Remodeling Fire Stations 1,2, & 3 shifted from Tier 2 to Tier 1;  Fire Station 5 Permanent Structure shifted from Tier 2 to Tier 1;  Keyhole Specific Plan retitled to Keyhole Overlay and shifted from Tier 3 to Tier 1;  Jefferson St. and Magnolia St. Traffic Signal shifted from Tier 2 to Tier 1;  Development Approval Process Deep Dive shifted from Tier 3 to Tier 1;  City Hall Roof Replacement shifted from Tier 3 to Tier 1;  Sidewalk Vendor Policy shifted from Tier 3 to Tier 1;  Town Hall Meeting/Community Summit regarding Changes in California Housing Law shifted from Tier 3 to Tier 1;
 Constitutional Amendment Ballot Measure added to Tier 1.

Tier 2*
 Madison Specific Plan shifted from Tier 1 to Tier 2;
21 City Council Meeting Minutes February 10, 2025

 Tour de Murrieta shifted from Tier 3 to Tier 2;
 City Hall HVAC Replacement shifted from Tier 3 to Tier 2;  Water System Infrastructure Review shifted from Tier 3 from Tier 2. * The City Council also directed staff to identify which items originally noted in Infrastructure Development Tier 2 had funding available and shift those items up to Tier 1.

Tier 3
 Removal of the Hawk Ranch Conditional Use Permit (CUP) from the tier list;  Removal of the Loan Program for Water and Sewer Connections from the tier list; and
 Removal of the Champions for Murrieta from the tier list.

Fire Chief Molloy and Public Works Director Bob Moehling were available to answer questions.

CLOSING WORKSHOP COMMENTS
The City Council provided closing comments and thanked staff for their collaboration.

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

CLOSED SESSION
CS1. Public Employee Performance Evaluation
Recommended Action:

Public Employee Performance Evaluation
The City Council will hold a closed session, pursuant to Government Code section 54957(b), to conduct an employee evaluation concerning the City Manager.

RECESS TO CLOSED SESSION 1:35 p.m.

RECONVENE / CALL TO ORDER 2:43 p.m.

ANNOUNCEMENT OF CLOSED SESSION ITEMS
City Attorney Tiffany Israel: No reportable action on Closed Session Item No. CS1.

ADJOURNMENT 2:44 p.m.
___________________________
Cristal McDonald, City Clerk
22 City Council Meeting Minutes March 4, 2025

CITY OF MURRIETA Tuesday, March 4, 2025
Council Chambers 5:00 PM CLOSED SESSION
1 Town Square 6:00 PM REGULAR MEETING
Murrieta, CA 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.

Cindy Warren
Mayor
Jon Levell Lisa DeForest Mayor Pro Tem Council Member Lori Stone Ron Holliday Council Member Council Member Justin Clifton, 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
5:00 PM CLOSED SESSION
CALL TO ORDER 5:02 p.m.

ROLL CALL

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

Absent: None
23 City Council Meeting Minutes March 4, 2025

PUBLIC COMMENTS - CLOSED SESSION ITEMS ONLY None.

ANNOUNCEMENT OF CLOSED SESSION ITEMS
Deputy City Clerk Kimberly Ramirez announced the following Closed Session agenda:

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 2 cases.

RECESS TO CLOSED SESSION 5:03 p.m.
6:00 PM REGULAR MEETING
CALL TO ORDER 6:02 p.m.

ANNOUNCEMENT OF CLOSED SESSION ACTION
City Attorney Tiffany Israel reported the following Closed Session Action: No reportable action for Closed Session Item No. CS1.

ROLL CALL

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

Absent: None
PLEDGE OF ALLEGIANCE Kyle and Emma Warren
INVOCATION Shane Academia, Calvary Murrieta Church

PRESENTATIONS
Presentation: National Charity League Murrieta/Temecula Chapter Presentation: Champion for Murrieta
24 City Council Meeting Minutes March 4, 2025

APPROVAL OF AGENDA
Action: It was moved by Council Member DeForest, seconded by Council Member Holliday to approve the Agenda for March 4, 2025.

The motion carried by the following vote:

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

CITY MANAGER - ADMINISTRATIVE UPDATE
2024 Annual Report: Bernard Molloy, Fire Chief
Community Update: Cristina Davies, Public Information Officer

GOVERNING BODY COMMISSION/COMMITTEE/BOARD (CCB)

REPORTS/ANNOUNCEMENTS
Council Member DeForest: Provided attendance/reported the following:
 Legislative Workgroup Subcommittee
Provided Governing Body Announcements to be made part of the City’s record.

Council Member Stone: Deferred Governing Body Reports/Announcements to the next meeting.

Council Member Holliday: Provided attendance/reported the following:
 Los Alamos Hills Sports Park Phase 2 Subcommittee
 Regional Conservation Authority (RCA)
 Western Riverside Council of Governments (WRCOG)
 Regional Conservation Authority (RCA)
Provided Governing Body Announcements to be made part of the City’s record.

Mayor Pro Tem Levell: Provided attendance/reported the following:
 Los Alamos Hills Sports Park Phase 2 Subcommittee
Provided verbal Governing Body Announcements.

Mayor Warren: Provided attendance/reported the following:
 Legislative Workgroup Subcommittee
 Riverside County Transportation Commission (RCTC)
 Southwest Riverside County Elected Leaders Collaborative  Riverside Transit Agency (RTA)
Provided Governing Body Announcements to be made part of the City’s record.
25 City Council Meeting Minutes March 4, 2025

PUBLIC COMMENTS (NON-AGENDA)
Aimee Edgeworth: Spoke on the Pearl Arts Creative Center and asked the city to waive or reduce development fees for the project.

Monica Mestas: Spoke on concerns over the lack of available funding for aquatic public recreation and the establishment of the pool.

Kevin Coon: Spoke on behalf of the Murrieta Public Library Foundation and provided yard signs for the Murrieta Public Library fundraiser.

CONSENT CALENDAR - APPROVAL OF ITEMS 1 – 12
Action: It was moved by Council Member Holliday, seconded by Mayor Pro Tem Levell to approve the Consent Calendar Item Nos. 1-12.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren
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 February 18, 2025, Regular City Council Meeting.

3. Check Register January 2025
Recommended Action:

Adopt a Resolution 25-4812 entitled: A Resolution of the City Council of the City of Murrieta, California, Ratifying the Check Register for the Month of January 2025 in the amount of $4,892,474.26 (Check Numbers 162901-163266).
26 City Council Meeting Minutes March 4, 2025

4. Agreement for Commvault Services
Recommended Action:

Authorize the use of Cooperative Agreement #2018011-01 to purchase Commvault services and authorize CDW-G to administer the agreement;
Approve the agreement amount not to exceed $24,059.80 for Fiscal Year 2024/25; and Authorize the City Manager to execute the use of the agreement, in a form approved by the City Attorney’s office, with CDW-G, and approve future amendments, in a form approved by the City Attorney’s office, in a total amount not to exceed $75,000.

5. Application for eBooks For All Collection Development Grant 2025-2026 Recommended Action:

Authorize the Library’s grant application for the eBooks for All Collection Development Grant 2025-2026, in the amount of $20,000, with a required matched funding of 25% or $5,000; and If awarded, amend the Fiscal Year 2025/26 Operating Budget as described in the fiscal impact statement; and Authorize the City Manager to execute all grant-related documents.

6. Lunch at the Library Summer 2025 Grant
Recommended Action:

Approve acceptance of the California State Library’s Lunch at the Library Summer 2025 grant, in the amount of $8,557, for the Murrieta Public Library; and Amend the Fiscal Year 2025/26 Operating Budget as described in the fiscal impact statement.

7. Amended Agreement with Architerra Inc., for On-Call As-Needed Landscape Services Recommended Action:

Approve the First Amendment with Architerra Design Group for the Development Services Department for Landscape Plan Check and Inspection Services for an amount not to exceed $150,000 per fiscal year; and
Authorize the City Manager to execute the Amendment to the agreement.

8. Approve an Amendment to an Agreement with RICK to Fund Environmental Tasks Pertaining to the City’s Existing Agreement to Update the City’s General Plan Recommended Action:

Approve a First Amendment with RICK increasing the amount of the Agreement by $390,443, for a total contract amount not to exceed $803,404, and update Exhibit A to include Work Tasks 4-6 from the General Plan Clean Up Proposal, Exhibit A-1; and Find that the proposed action is exempt from the California Environmental Quality Act (CEQA) under CEQA Guidelines Section 15378 for the reasons specified in this report. 27 City Council Meeting Minutes March 4, 2025

9. Purchase of Police Department Vehicles
Recommended Action:

Approve the purchase of up to eight (8) Police Interceptor vehicles from Fritts Ford, the associated vehicle upfitting purchases, and installation of emergency equipment using the Fiscal Year 2024/25 Operating Budget; and waive the competitive bidding requirements.

10. Administrative Services Agreement for County Service Area 152 Program Between the County of Riverside and the City of Murrieta for the National Pollution Discharge Elimination System Program
Recommended Action:

Authorize the Mayor to execute the Administrative Services Agreement for the County Service Area 152 program between the County of Riverside and the City of Murrieta.

11. Acceptance of Public Improvements in Tract Map 30489 Recommended Action:

Accept the Public Improvements in Tract Map 30489, located north of Juniper Street, south of Berlie Street, and west of Hancock Avenue; and Direct the Department of Public Works to perform continued maintenance of the aforementioned public improvements in conformance with the City of Murrieta’s maintenance standard.

12. Parcel Charge for National Pollution Discharge Elimination System Program Recommended Action:

Adopt Resolution No. 25-4813 entitled: A Resolution of the City Council of Murrieta, California, Requesting that the County of Riverside Levy the Fiscal Year 2025/26 Community Service Area 152 Parcel Charge and Requesting Continued Participation in Community Service Area 152; and Direct the City Clerk to certify approval of Resolution No. 25-4813 and submit a certified copy to the County of Riverside.

PULLED CONSENT CALENDAR ITEMS None.
28 City Council Meeting Minutes March 4, 2025

PUBLIC HEARINGS

13. Financing for Viscar Terrace Apartments Vista Murrieta Affordable Housing Project City Planner Carl Stiehl provided the staff report and PowerPoint presentation. Provided information on non-recourse lending, and statistics on default rate for bonds.

Topics discussed by the City Council include:
 Underground power lines;
 Improvements in the area; and
 Approvals of financing mechanism versus the project.

The public hearing opened at 6:55 p.m.

Public Testimony:

None
The public hearing closed at 6:55 p.m.

Action: After discussion, it was moved by Council Member Holliday, seconded by Mayor Warren to adopt Resolution No. 25-4814 entitled: A Resolution of the City Council of the City of Murrieta, California, Approving the Issuance by the California Municipal Finance Authority of the Exempt Facility Bonds in an Aggregate Principal Amount Not to Exceed $70,000,000, for the Purpose of Financing or Refinancing the Acquisition, Construction, Improvement and Equipping of Viscar Terrace Apartments.

The motion carried by the following vote:

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

DISCUSSION

14. Fiscal Year 2024/25 Second Quarter Financial Status Report Staff report and PowerPoint Presentation provided by Finance Director Javier Carcamo and Finance Manager Jennifer Terry.

Action: After discussion, it was moved by Council Member DeForest, seconded by Mayor Pro Tem Levell to accept and file the report; amend the Fiscal Year 2024/25 Operating Budget as referenced in the Fiscal Impact section of this report; and approve the updated Schedule of Authorized Positions.

The motion carried by the following vote:

Ayes: DeForest, Stone, Holliday, Levell, Warren
Noes: None
29 City Council Meeting Minutes March 4, 2025

15. Second Reading of Ordinance No. 613-25 regarding the City’s Participation in the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) Program Staff Report and PowerPoint Presentation provided by Development Director David Chantarangsu.

Development Director David Chantarangsu and Director of Public Works Bob Moehling were available to answer questions from the City Council Action: After discussion, it was moved by DeForest, seconded by Council Member Holliday to Conduct the second reading and adopt Ordinance No. 613-25, entitled: An Ordinance of the City of Murrieta Amending and Superseding Ordinance No. 541-19 to Update Participation in the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) Program and Making a Determination of Exemption Under the California Environmental Quality Act.

The motion carried by the following vote:

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

Absent: None
RECONSIDERATION None.

COUNCIL MEMBER REQUESTS TO ADD ITEMS TO FUTURE AGENDAS None.

ADJOURNMENT 7:48 PM
_____________________________
Cristal McDonald, City Clerk
30 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. 3.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Tanner Benson, Financial Analyst
SUBJECT:

Monthly Investment Transaction Report for January 2025

RECOMMENDATION
Receive and file the Monthly Investment Transaction Report for January 2025.

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, 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. Funds held by the City’s Trustee for Bonded Districts are not included in this report but are on file and available upon request.

The transactions in the long-term investment portfolio for January 2025 include dispositions of $8,212,329.25 in cash, payables, receivables, maturities, and sales, which also includes a withdrawal for bank fees.

Subsequently, these proceeds, together with the dispositions and monthly interest earnings, were reinvested in security and money market fund purchases totaling $8,606,418.67.

The California State Treasurer allocates and reinvests LAIF interest earnings on a quarterly basis. Quarterly CITY OF MURRIETA Printed on 3/13/2025Page 1 of 2
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31 3/18/2025
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 Second Quarter Interest Earnings (period ending December 31) of $22,738.88 were deposited in the LAIF account.

As of January 31, 2025, 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 $150,512,232.88. Both accounts combined had an overall increase of $430,559.32 or 0.29%, 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 January were $405,936.38.

Attached are the investment portfolio accounts for Chandler for the month of January (Attachment 1) and the regular monthly statement for January 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 January 2025

2. Local Agency Investment Fund (LAIF) Monthly Statement for January 2025

3. Wells Fargo Cash Sweep Program January 2025 Statement CITY OF MURRIETA Printed on 3/13/2025Page 2 of 2
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32 MONTHLY ACCOUNT STATEMENT
Murrieta Consolidated | Account | As of January 31, 2025 Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

CHANDLER ASSET MANAGEMENT | chandlerasset.com
Custodian:

US Bank
33 | 2
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality (S&P)
Average Modified Duration 1.63
Average Coupon 3.47%
Average Purchase YTM 4.15%
Average Market YTM 4.36%
Average Quality* AA+
Average Final Maturity 1.87
Average Life 1.68
End Values as of
12/31/2024
End Values as of
01/31/2025
Market Value 149,082,097.03 149,734,882.47
Accrued Interest 1,062,389.06 1,091,421.29
Total Market Value 150,144,486.08 150,826,303.76
Income Earned 418,712.99 423,591.60
Cont/WD 0.00 0.00
Par 151,088,334.01 151,486,046.85
Book Value 148,126,527.34 148,534,347.78
Cost Value 148,126,527.34 148,534,347.78
Government of The United States 36.41%
Federal Home Loan Banks 9.95%
Farm Credit System 8.06%
FHLMC 7.16%
U.S. Bancorp 6.17%
Mitsubishi UFJ Financial Group, Inc. 1.80%
Caterpillar Inc. 1.23%
The Home Depot, Inc. 1.17%
*The credit quality is a weighted average calculation of the highest of S&P , Moody’s and Fitch 34 | 3
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 7.2 Compliant
Max % Issuer (MV) 30.0 7.1 Compliant
Max Maturity (Years) 5.0 4.0 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 5.7 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 1.8 Compliant
Max % Issuer (MV) 5.0 1.8 Compliant
Max Maturity (Days) 270 32 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 24.5 Compliant
Max % Issuer (MV) 5.0 1.2 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)
35 | 4
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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 18.0 Compliant
Max % Issuer (MV) 30.0 10.0 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 3 Compliant

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

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 6.2 Compliant
Max % Issuer (MV) 10.0 6.2 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 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 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 0.3 Compliant
Max % Issuer (MV) 10.0 0.3 Compliant
Max Maturity (Years) 5 3 Compliant
36 | 5
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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 36.4 Compliant
Max Maturity (Years) 5 4 Compliant
37 | 6
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Book Value 148,126,527.34 148,126,527.34
Maturities/Calls (5,755,000.00) (5,755,000.00)
Principal Paydowns (139,022.70) (139,022.70)
Purchases 8,606,418.67 8,606,418.67
Sales (2,318,836.60) (2,318,836.60)
Change in Cash, Payables, Receivables 530.05 530.05
Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 13,731.02 13,731.02
Ending Book Value 148,534,347.78 148,534,347.78
Month to Date Fiscal Year to Date
(01/01/2025)
Beginning Market Value 149,082,097.03 149,082,097.03
Maturities/Calls (5,755,000.00) (5,755,000.00)
Principal Paydowns (139,022.70) (139,022.70)
Purchases 8,606,418.67 8,606,418.67
Sales (2,318,836.60) (2,318,836.60)
Change in Cash, Payables, Receivables 530.05 530.05
Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 244,965.01 244,965.01 Realized Gain (Loss) 13,731.02 13,731.02
Ending Market Value 149,734,882.47 149,734,882.47
Maturities / Calls
Month to Date (5,755,000.00)
Fiscal Year to Date (5,755,000.00)
Principal Paydowns
Month to Date (139,022.70)
Fiscal Year to Date (139,022.70)
Purchases
Month to Date 8,606,418.67
Fiscal Year to Date 8,606,418.67
Sales
Month to Date (2,318,836.60)
Fiscal Year to Date (2,318,836.60)
Interest Received
Month to Date 434,975.46
Fiscal Year to Date 434,975.46
Purchased / Sold Interest
Month to Date (40,416.09)
Fiscal Year to Date (40,416.09)
38 | 7
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 21,035.52 02/07/2023

5.16%
21,035.02
21,035.02
100.04

4.68%
21,044.34

18.09 0.01%

9.31 Aaa/AAA
NA

0.82 0.08
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 39,842.96 11/16/2021

0.89%
39,834.56
39,834.56

99.37 4.91%
39,591.78

9.74 0.03%
(242.78)
Aaa/NA
AAA

0.97 0.16
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 39,173.37 07/13/2021

0.52%
39,169.87
39,169.87

99.66 3.58%
39,041.11

9.05 0.03%
(128.76)
Aaa/NA
AAA

1.12 0.11
43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026 168,521.58 08/15/2022

3.73%
168,511.54
168,511.54

99.66 4.68%
167,947.02
226.99

0.11%
(564.52)
NA/AAA
AAA

1.47 0.37
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 99,006.01 05/10/2022

3.21%
99,000.86
99,000.86

99.60 4.64%
98,609.95

52.97 0.07%
(390.92)
Aaa/AAA
NA

1.56 0.28
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 104,720.59 03/10/2022

2.33%
104,697.42
104,697.42

99.24 4.28%
103,926.97
107.98

0.07%
(770.45)
Aaa/NA
AAA

1.62 0.39
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 43,555.53 10/13/2021

0.68%
43,554.42
43,554.42

99.22 4.37%
43,214.68

12.34 0.03%
(339.74)
Aaa/AAA
NA

1.62 0.21
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 48,717.94 01/11/2022

1.26%
48,713.70
48,713.70

99.23 4.64%
48,342.18

25.58 0.03%
(371.52)
NA/AAA
AAA

1.79 0.23
379929AD4 GMALT 2023-3 A3 5.38
11/20/2026 280,000.00 08/08/2023

5.38%
279,966.43
279,966.43
100.43

4.61%
281,193.33
460.29

0.19%
1,226.90
NA/AAA
AAA

1.80 0.51
36269FAD8 GMALT 2024-1 A3 5.09
03/22/2027 455,000.00 02/08/2024

5.09%
454,943.13
454,943.13
100.57

4.55%
457,615.16
707.65

0.31%
2,672.03
NA/AAA
AAA

2.14 0.97
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
100.49

4.55%
1,004,886.50
830.00

0.67%
10,199.00
Aaa/AAA
NA

2.15 1.02
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027 171,908.08 07/06/2022

3.64%
171,906.90
171,906.90

99.63 4.61%
171,265.95
260.73

0.11%
(640.94)
Aaa/NA
AAA

2.21 0.40
02582JJT8 AMXCA 2022-2 A 3.39
05/17/2027 905,000.00 05/17/2022

3.40%
904,799.81
904,799.81

99.67 4.60%
902,042.82
1,363.53

0.60%
(2,756.99)
NA/AAA
AAA

0.28 0.28
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

4.60%
354,200.00
827.56

0.24%
4,240.95
Aaa/NA
AAA

2.96 1.52
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 545,000.00 09/17/2024

4.24%
544,908.28
544,908.28

99.61 4.52%
542,878.10
1,024.60

0.36%
(2,030.18)
NA/AAA
AAA

3.04 1.54
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
100.99

4.55%
1,262,342.63
2,894.44

0.84%
12,397.00
Aaa/AAA
NA

3.54 1.36
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
101.09

4.50%
1,334,331.50
3,027.20

0.89%
14,697.40
NR/AAA
AAA

3.62 1.52
39 | 8
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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

4.96%
334,981.24
334,981.24
100.72

4.63%
337,396.32
738.49

0.23%
2,415.08
Aaa/NA
AAA

3.79 1.89
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 600,000.00 06/04/2024

5.24%
599,908.86
599,908.86
101.04

4.49%
606,256.74
518.00

0.40%
6,347.88
Aaa/AAA
NA

4.07 1.40
02582JKH2 AMXCA 2024-1 A 5.23
04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
101.57

4.52%
650,072.77
1,487.64

0.43%
10,203.97
NA/AAA
AAA

4.21 2.03
Total ABS 8,416,481.58 4.74%
8,410,027.13
8,410,027.13
100.59

4.54%
8,466,199.86
14,602.87

5.65%
56,172.73
Aaa/AAA
AAA

2.79 1.18
AGENCY
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

99.92 4.28%
1,199,059.85
9,741.67

0.80%
1,603.85
Aaa/AA+
AA+

0.04 0.03
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

99.91 4.22%
1,398,705.11
1,443.75

0.93%
5,845.11
Aaa/AA+
AA+

0.97 0.94
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
100.73

4.15%
1,007,281.72
10,951.39

0.67%
9,591.72
Aaa/AA+
AA+

1.27 1.20
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
100.60

4.28%
2,012,093.90
12,930.56

1.34%
13,473.90
Aaa/AA+
AA+

1.36 1.30
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
101.13

4.21%
2,022,655.26
277.78

1.35%
15,175.26
Aaa/AA+
AA+

1.49 1.43
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
100.43

4.20%
2,415,457.97
50,204.38

1.61%
15,989.47
Aaa/AA+
AA+

1.53 1.44
3130AWTQ3 FEDERAL HOME LOAN BANKS

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

4.81%
4,476,030.00
4,476,030.00
100.61

4.23%
4,527,421.34
80,937.50

3.02%
51,391.34
Aaa/AA+
AA+

1.61 1.51
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
100.68

4.22%
1,761,841.43
16,637.15

1.18%
7,413.93
Aaa/AA+
AA+

1.79 1.69
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
100.09

4.08%
2,001,791.60
3,666.67

1.34%
6,231.60
Aaa/AA+
AA+

1.96 1.85
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
100.47

4.26%
1,004,731.05
15,625.00

0.67%
9,211.05
Aaa/AA+
AA+

2.15 2.00
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
101.15

4.19%
1,517,197.50
22,166.67

1.01%
21,082.50
Aaa/AA+
AA+

2.19 2.03
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
100.63

4.21%
1,006,252.33
8,875.00

0.67%
11,422.33
Aaa/AA+
AA+

2.30 2.14
40 | 9
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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

98.19 4.34%
1,099,704.09
6,066.67

0.73%
(7,539.11)
Aaa/AA+
AA+

3.36 3.09
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

98.97 4.33%
1,979,497.40
11,555.56

1.32%
22,557.40
Aaa/AA+
AA+

3.36 3.08
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
100.64

4.31%
2,012,763.48
32,250.00

1.34%
31,303.48
Aaa/AA+
AA+

3.64 3.27
Total Agency 26,875,000.00 4.50%
26,751,700.20
26,751,700.20
100.35

4.23%
26,966,454.02
283,329.72

18.01%
214,753.82
Aaa/AA+
AA+

1.93 1.79

AGENCY CMBS
3137BM7C4 FHMS K-051 A2 3.308
09/25/2025 1,180,208.76 06/23/2022

3.30%
1,177,719.25
1,177,719.25

99.15 4.51%
1,170,229.86
3,253.44

0.78%
(7,489.39)
Aaa/AA+
AAA

0.65 0.53
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

97.26 4.44%
1,945,163.80
4,421.67

1.30%
54,616.92
Aaa/AA+
AAA

1.56 1.46
3137BTUM1 FHMS K-061 A2 3.347
11/25/2026 875,787.14 09/22/2022

4.23%
844,347.75
844,347.75

97.74 4.63%
855,984.80
2,442.72

0.57%
11,637.05
Aaa/AA+
AAA

1.82 1.63
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 862,000.00 --

4.03%
839,600.51
839,600.51

98.02 4.47%
844,924.12
2,463.88

0.56%
5,323.61
Aaa/AA+
AAA

1.98 1.74
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

97.35 4.48%
973,519.30
2,702.50

0.65%
8,050.55
Aaa/AA+
AAA

2.23 2.03
3137FBU79 FHMS K-069 A2 3.187
09/25/2027 1,237,370.53 05/18/2023

4.13%
1,188,600.73
1,188,600.73

96.72 4.50%
1,196,814.84
3,286.25

0.80%
8,214.11
Aaa/AAA
AA+

2.65 2.41
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

97.40 4.53%
1,134,657.11
3,543.54

0.76%
27,178.98
Aaa/AA+
AAA

3.07 2.81
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

97.73 4.56%
1,221,682.75
4,062.50

0.82%
24,417.12
Aaa/AA+
AAA

3.57 3.23
3137H5YC5 FHMS K-748 A2 2.26 01/25/2029 1,500,000.00 08/19/2024

4.12%
1,385,332.03
1,385,332.03

91.62 4.62%
1,374,341.55
2,825.00

0.92%
(10,990.48)
Aaa/AA+
AAA

3.99 3.64
Total Agency
CMBS 11,070,366.42 4.22%
10,596,359.67
10,596,359.67

96.86 4.52%
10,717,318.13
29,001.50

7.16%
120,958.47
Aaa/AA+
AAA

2.40 2.18
CASH
CCYUSD Receivable 2,472.93 --

0.00%
2,472.93
2,472.93

1.00 0.00%
2,472.93

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 26,140.17 --

0.00%
26,140.17
26,140.17

1.00 0.00%
26,140.17

0.00 0.02%

0.00 Aaa/AAA
AAA

0.00 0.00
41 | 10
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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 Cash 28,613.10 0.00%
28,613.10
28,613.10

1.00 0.00%
28,613.10

0.00 0.02%

0.00 Aaa/AAA
AAA

0.00 0.00

COMMERCIAL
PAPER
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

99.62 4.05%
2,689,699.50

0.00 1.80%
94,797.00
P-1/A-1
NA

0.09 0.07
Total Commercial
Paper 2,700,000.00 5.36%
2,594,902.50
2,594,902.50

99.62 4.05%
2,689,699.50

0.00 1.80%
94,797.00
P-1/A-1
NA

0.09 0.07

CORPORATE
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

99.74 4.48%
897,620.32
8,040.00

0.60%
(2,253.68)
Aa3/A
AA-

0.23 0.23
14913R2V8 CATERPILLAR FINANCIAL
SERVICES CORP 3.4 05/13/2025 480,000.00 05/10/2022

3.44%
479,390.40
479,390.40

99.72 4.40%
478,636.64
3,536.00

0.32%
(753.76)
A2/A
A+

0.28 0.27
438516CB0 HONEYWELL INTERNATIONAL
INC 1.35 06/01/2025 1,000,000.00 03/09/2022

2.31%
970,280.00
970,280.00

98.97 4.53%
989,706.26
2,250.00

0.66%
19,426.26
A2/A
A

0.33 0.32
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

99.75 4.48%
997,518.16
5,753.61

0.67%
(4,311.84)
A2/A-
NA

0.34 0.34
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

99.56 4.64%
1,100,181.61
4,871.21

0.73%
207.96
A2/A-
A

0.37 0.36
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

99.62 4.38%
1,369,840.60
23,560.24

0.91%
(3,495.65)
A2/A
A+

0.53 0.51
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

99.36 4.47%
993,618.72
14,986.11

0.66%
2,908.72
Aa3/A
WR

0.54 0.51
437076CR1 HOME DEPOT INC 4.0
09/15/2025 1,000,000.00 09/14/2022

4.13%
996,380.00
996,380.00

99.80 4.33%
997,950.76
15,111.11

0.67%
1,570.76
A2/A
A

0.62 0.59
023135CN4 AMAZON.COM INC 4.6
12/01/2025 425,000.00 11/29/2022

4.60%
424,974.50
424,974.50
100.18

4.38%
425,744.80
3,258.33

0.28%
770.30
A1/AA
AA-

0.83 0.80
857477BR3 STATE STREET CORP 1.746
02/06/2026 335,000.00 02/02/2022

1.75%
335,000.00
335,000.00

99.97 4.93%
334,910.00
2,843.31

0.22%
(90.00)
Aa3/A
AA-

1.02 0.01
037833BY5 APPLE INC 3.25 02/23/2026 1,000,000.00 02/22/2023

4.72%
959,390.00
959,390.00

98.93 4.30%
989,307.30
14,263.89

0.66%
29,917.30
Aaa/AA+
NA

1.06 1.01
57629W6F2 MASSMUTUAL GLOBAL
FUNDING II 4.5 04/10/2026 750,000.00 04/04/2023

4.52%
749,482.50
749,482.50
100.05

4.45%
750,345.36
10,406.25

0.50%
862.86
Aa3/AA+
AA+

1.19 1.13
42 | 11
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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

98.61 4.51%
986,051.69
8,188.89

0.66%
31,831.69
A2/A
A

1.25 1.20
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
101.14

4.54%
1,011,367.11
6,150.00

0.68%
10,927.11
Aa3/AA-
AA-

1.38 1.31
61747YET8 MORGAN STANLEY 4.679
07/17/2026 1,000,000.00 09/14/2022

4.68%
994,030.00
994,030.00

99.95 5.65%
999,544.54
1,819.61

0.67%
5,514.54
A1/A-
A+

1.46 0.45
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00
100.86

4.46%
1,462,497.99
34,781.88

0.98%
10,572.99
A1/A+
NA

1.52 1.42
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
101.47

4.53%
1,014,668.70
25,020.50

0.68%
15,858.70
Aa1/A+
AA

1.54 1.35
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
101.25

4.38%
516,391.74
5,880.94

0.34%
6,529.44
A1/A+
NA

1.77 1.58
48125LRU8 JPMORGAN CHASE BANK NA

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

5.08%
1,576,460.00
1,576,460.00
101.06

4.50%
1,591,691.99
11,848.81

1.06%
15,231.99
Aa2/AA-
AA

1.85 1.66
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
100.25

4.36%
1,002,467.87
2,875.00

0.67%
3,007.87
A1/A
A+

1.94 1.83
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
100.60

4.55%
1,252,423.91
2,023.13

0.84%
7,735.16
A1/A
AA-

1.97 1.85
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
100.76

4.41%
1,511,459.87
31,000.00

1.01%
10,649.87
A1/AA-
NA

2.07 1.83
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
100.90

4.54%
1,220,922.14
22,320.10

0.82%
10,922.14
Aa3/A
AA-

2.13 1.89
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

98.85 4.54%
988,527.31
9,000.00

0.66%
(1,932.69)
A2/A+
A+

2.27 2.12
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

94.38 4.47%
1,415,640.33
5,858.33

0.95%
43,695.33
A2/A
NA

2.28 2.19
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60
100.94

4.45%
746,991.56
3,607.50

0.50%
8,445.96
A2/A
A

2.40 2.16
09290DAH4 BLACKROCK INC 4.6 07/26/2027 750,000.00 07/18/2024

4.57%
750,645.00
750,645.00
100.44

4.41%
753,282.11
479.17

0.50%
2,637.11
Aa3/AA-
NA

2.48 2.25
532457CP1 ELI LILLY AND CO 4.15
08/14/2027 1,250,000.00 08/22/2024

4.10%
1,251,637.50
1,251,637.50

99.52 4.35%
1,243,967.48
24,064.24

0.83%
(7,670.03)
A1/A+
NA

2.53 2.33
023135BC9 AMAZON.COM INC 3.15
08/22/2027 1,000,000.00 07/30/2024

4.55%
960,450.00
960,450.00

96.96 4.42%
969,630.43
13,912.50

0.65%
9,180.43
A1/AA
AA-

2.56 2.38
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
100.15

4.49%
1,001,503.33
16,556.94

0.67%
11,603.33
A1/A+
A+

2.64 2.41
43 | 12
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
64952WFJ7 NEW YORK LIFE GLOBAL
FUNDING 3.9 10/01/2027 1,000,000.00 09/25/2024

3.91%
999,820.00
999,820.00

98.31 4.58%
983,103.99
13,000.00

0.66%
(16,716.01)
Aaa/AA+
AAA

2.67 2.46
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

95.84 4.60%
1,198,009.91
10,857.64

0.80%
8,709.91
A2/A+
A

2.70 2.53
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 700,000.00 01/06/2025

4.66%
699,790.00
699,790.00
100.50

4.47%
703,496.86
1,989.17

0.47%
3,706.86
A1/A
A+

2.93 2.70
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 4.70%
727,721.65
6,937.50

0.49%
12,716.65
A1/A
WR

3.25 2.99
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

99.27 4.64%
1,489,078.62
13,933.33

0.99%
5,053.62
Aa2/A+
AA-

3.29 2.99
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029 1,500,000.00 01/24/2025

4.96%
1,501,860.00
1,501,860.00
100.33

4.92%
1,505,022.95
834.00

1.01%
3,162.95
A2/A-
AA-

3.99 2.74
Total Corporate 36,800,000.00 4.47%
36,364,710.45
36,364,710.45

99.54 4.54%
36,620,844.60
381,819.24

24.46%
256,134.15
A1/A+
AA-

1.81 1.60

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 112,295.96 --

4.28%
112,295.96
112,295.96

1.00 4.28%
112,295.96

0.00 0.07%

0.00 Aaa/
AAAm
AAA

0.00 0.00
31846V567 FIRST AMER:GVT OBLG Z 9,133,289.79 --

4.28%
9,133,289.79
9,133,289.79

1.00 4.28%
9,133,289.79

0.00 6.10%

0.00 Aaa/
AAAm
AAA

0.00 0.00
Total Money
Market Fund 9,245,585.75 4.28%
9,245,585.75
9,245,585.75

1.00 4.28%
9,245,585.75

0.00 6.17%

0.00 Aaa/
AAAm
AAA

0.00 0.00

SUPRANATIONAL
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

97.30 4.35%
486,508.59
923.61

0.32%
3,393.59
Aaa/AAA
NA

3.45 3.19
Total
Supranational 500,000.00 4.26%
483,115.00
483,115.00

97.30 4.35%
486,508.59
923.61

0.32%
3,393.59
Aaa/AAA
NA

3.45 3.19

US TREASURY
44 | 13
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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

99.43 4.24%
1,988,541.66
3,406.59

1.33%
(8,489.59)
Aaa/AA+
AA+

0.16 0.15
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

99.07 4.33%
1,981,367.18
1,926.80

1.32%
4,023.43
Aaa/AA+
AA+

0.24 0.24
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

98.69 4.38%
1,776,403.12
778.85

1.19%
10,645.31
Aaa/AA+
AA+

0.33 0.32
91282CAB7 UNITED STATES TREASURY 0.25
07/31/2025 2,000,000.00 12/02/2021

4.30%
1,942,031.25
1,942,031.25

98.05 4.29%
1,961,093.76

13.81 1.31%
19,062.51
Aaa/AA+
AA+

0.50 0.48
91282CAJ0 UNITED STATES TREASURY 0.25
08/31/2025 1,000,000.00 03/22/2022

2.42%
928,828.13
928,828.13

97.72 4.36%
977,156.25
1,063.54

0.65%
48,328.12
Aaa/AA+
AA+

0.58 0.56
9128285C0 UNITED STATES TREASURY 3.0
09/30/2025 3,250,000.00 --

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

99.18 4.28%
3,223,263.68
33,214.29

2.15%
(36,619.13)
Aaa/AA+
AA+

0.66 0.63
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

99.08 4.27%
2,477,083.33
19,267.96

1.65%
(21,549.49)
Aaa/AA+
AA+

0.75 0.71
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

98.44 4.30%
2,461,054.68
12,120.17

1.64%
29,902.34
Aaa/AA+
AA+

0.79 0.76
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

98.57 4.25%
2,464,179.68
5,801.11

1.65%
51,386.71
Aaa/AA+
AA+

0.91 0.88
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

97.79 4.23%
2,444,628.90
19,162.09

1.63%
66,796.87
Aaa/AA+
AA+

1.16 1.11
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

99.44 4.23%
1,988,750.00
22,458.79

1.33%
23,046.87
Aaa/AA+
AA+

1.20 1.14
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

96.23 4.22%
2,886,914.07
12,928.18

1.93%
119,882.82
Aaa/AA+
AA+

1.79 1.71
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

95.57 4.19%
1,672,480.46
2,707.18

1.12%
31,240.23
Aaa/AA+
AA+

1.91 1.84
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 2,500,000.00 11/17/2022

4.27%
2,349,414.06
2,349,414.06

96.53 4.20%
2,413,183.60
21,291.21

1.61%
63,769.54
Aaa/AA+
AA+

2.16 2.05
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

97.85 4.20%
1,272,019.53
3,734.81

0.85%
5,332.03
Aaa/AA+
AA+

2.41 2.28
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

96.54 4.23%
1,930,781.24
151.93

1.29%
43,671.86
Aaa/AA+
AA+

2.50 2.37
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

97.33 4.23%
2,433,203.13
33,235.50

1.63%
(11,914.07)
Aaa/AA+
AA+

2.58 2.40
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

99.77 4.22%
1,596,312.50
22,483.52

1.07%
812.50
Aaa/AA+
AA+

2.66 2.45
45 | 14
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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

94.84 4.24%
1,327,703.13
6,787.29

0.89%
28,765.63
Aaa/AA+
AA+

2.79 2.64
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028 1,500,000.00 11/26/2024

4.24%
1,467,070.31
1,467,070.31

97.95 4.24%
1,469,238.29
145.03

0.98%
2,167.98
Aaa/AA+
AA+

3.00 2.80
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 2,750,000.00 09/27/2024

3.51%
2,684,257.81
2,684,257.81

95.75 4.26%
2,633,232.42
34,935.46

1.76%
(51,025.40)
Aaa/AA+
AA+

3.04 2.83
9128284V9 UNITED STATES TREASURY 2.875
08/15/2028 2,500,000.00 11/12/2024

4.34%
2,374,804.69
2,374,804.69

95.41 4.29%
2,385,351.55
33,203.13

1.59%
10,546.86
Aaa/AA+
AA+

3.54 3.26
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

95.93 4.30%
1,918,593.76
13,466.85

1.28%
47,968.76
Aaa/AA+
AA+

3.79 3.49
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 2,250,000.00 01/30/2025

4.31%
2,244,726.56
2,244,726.56

99.76 4.31%
2,244,550.77
40,680.25

1.50%
(175.79)
Aaa/AA+
AA+

4.08 3.63
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 10/29/2024

4.30%
1,991,093.75
1,991,093.75

98.69 4.32%
1,973,750.00
220.99

1.32%
(17,343.75)
Aaa/AA+
AA+

4.50 4.06
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 2,750,000.00 12/17/2024

4.26%
2,618,730.47
2,618,730.47

95.01 4.34%
2,612,822.27
36,559.05

1.74%
(5,908.20)
Aaa/AA+
AA+

4.58 4.14
Total US Treasury 55,850,000.00 3.58%
54,059,333.98
54,059,333.98

97.63 4.27%
54,513,658.92
381,744.34

36.41%
454,324.94
Aaa/AA+
AA+

2.02 1.88
Total Portfolio 151,486,046.85 4.15%
148,534,347.78
148,534,347.78

92.75 4.36%
149,734,882.47
1,091,421.29
100.00%
1,200,534.69
Aa1/AA
AA+

1.87 1.63
Total Market
Value + Accrued 150,826,303.76
46 | 15
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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

ACQUISITIONS
Purchase 01/03/2025 31846V567 1,290.75 FIRST AMER:GVT OBLG Z 1.000 4.35% (1,290.75) 0.00 (1,290.75) 0.00 Purchase 01/03/2025 31846V567 26,792.30 FIRST AMER:GVT OBLG Z 1.000 4.35% (26,792.30) 0.00 (26,792.30) 0.00 Purchase 01/06/2025 31846V567 759,246.88 FIRST AMER:GVT OBLG Z 1.000 4.35% (759,246.88) 0.00 (759,246.88) 0.00 Purchase 01/08/2025 31846V567 22,500.00 FIRST AMER:GVT OBLG Z 1.000 4.35% (22,500.00) 0.00 (22,500.00) 0.00 Purchase 01/09/2025 24422EXZ7 700,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 99.970 4.66% (699,790.00) 0.00 (699,790.00) 0.00 Purchase 01/13/2025 31846V567 8,750.00 FIRST AMER:GVT OBLG Z 1.000 4.35% (8,750.00) 0.00 (8,750.00) 0.00 Purchase 01/15/2025 31846V567 91,543.62 FIRST AMER:GVT OBLG Z 1.000 4.35% (91,543.62) 0.00 (91,543.62) 0.00 Purchase 01/16/2025 31846V567 28,454.66 FIRST AMER:GVT OBLG Z 1.000 4.35% (28,454.66) 0.00 (28,454.66) 0.00 Purchase 01/16/2025 31846V567 8,934.35 FIRST AMER:GVT OBLG Z 1.000 4.35% (8,934.35) 0.00 (8,934.35) 0.00 Purchase 01/17/2025 31846V567 23,395.00 FIRST AMER:GVT OBLG Z 1.000 4.35% (23,395.00) 0.00 (23,395.00) 0.00 Purchase 01/21/2025 31846V567 1,034,764.14 FIRST AMER:GVT OBLG Z 1.000 4.35% (1,034,764.14) 0.00 (1,034,764.14) 0.00
Purchase 01/21/2025 31846V567 40,276.84 FIRST AMER:GVT OBLG Z 1.000 4.35% (40,276.84) 0.00 (40,276.84) 0.00 Purchase 01/22/2025 31846V567 28,875.00 FIRST AMER:GVT OBLG Z 1.000 4.35% (28,875.00) 0.00 (28,875.00) 0.00 Purchase 01/27/2025 31846V567 35,218.57 FIRST AMER:GVT OBLG Z 1.000 4.35% (35,218.57) 0.00 (35,218.57) 0.00 Purchase 01/27/2025 06368MJG0 1,500,000.00 BANK OF MONTREAL

5.004 01/27/2029 100.124 4.96% (1,501,860.00) 0.00 (1,501,860.00) 0.00 Purchase 01/30/2025 31846V567 50,000.00 FIRST AMER:GVT OBLG Z 1.000 4.35% (50,000.00) 0.00 (50,000.00) 0.00 Purchase 01/31/2025 31846V567 2,000,000.00 FIRST AMER:GVT OBLG Z 1.000 4.28% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Purchase 01/31/2025 91282CKD2 2,250,000.00 UNITED STATES TREASURY

4.25 02/28/2029 99.766 4.31% (2,244,726.56) (40,416.09) (2,285,142.65) 0.00 Total Purchase 8,610,042.11 (8,606,418.67) (40,416.09) (8,646,834.76) 0.00 TOTAL
ACQUISITIONS 8,610,042.11 (8,606,418.67) (40,416.09) (8,646,834.76) 0.00 OTHER
Maturity 01/06/2025 3133ENKS8 (755,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

1.125 01/06/2025
100.000 1.13% 755,000.00 0.00 755,000.00 1,698.75
Maturity 01/21/2025 78016EYM3 (1,000,000.00) ROYAL BANK OF CANADA

1.6 01/21/2025 100.000 1.60% 1,000,000.00 0.00 1,000,000.00 0.00 47 | 16
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Maturity 01/31/2025 89233GNX0 (2,000,000.00) Toyota Motor Credit Corporation 01/31/2025 100.000 0.00% 2,000,000.00 0.00 2,000,000.00 74,375.00 Maturity 01/31/2025 912828Z52 (2,000,000.00) UNITED STATES TREASURY

1.375 01/31/2025 100.000 1.38% 2,000,000.00 0.00 2,000,000.00 (62,500.00) Total Maturity (5,755,000.00) 5,755,000.00 0.00 5,755,000.00 13,573.75 Sale 01/09/2025 31846V567 (699,790.00) FIRST AMER:GVT OBLG Z 1.000 4.35% 699,790.00 0.00 699,790.00 0.00 Sale 01/27/2025 31846V567 (1,443,903.95) FIRST AMER:GVT OBLG Z 1.000 4.35% 1,443,903.95 0.00 1,443,903.95 0.00 Sale 01/31/2025 31846V567 (175,142.65) FIRST AMER:GVT OBLG Z 1.000 4.28% 175,142.65 0.00 175,142.65 0.00 Total Sale (2,318,836.60) 2,318,836.60 0.00 2,318,836.60 0.00

TOTAL OTHER
TRANSACTIONS (8,073,836.60) 8,073,836.60 0.00 8,073,836.60 13,573.75 OTHER
Coupon 01/01/2025 3137BM7C4 0.00 FHMS K-051 A2 3.308
09/25/2025 3.30% 3,260.22 0.00 3,260.22 0.00
Coupon 01/01/2025 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 01/01/2025 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 01/01/2025 3137H5YC5 0.00 FHMS K-748 A2 2.26
01/25/2029 4.27% 2,825.00 0.00
2,825.00 0.00
Coupon 01/01/2025 3137BVZ82 0.00 FHMS K-063 A2 3.43
01/25/2027 4.64% 2,463.88 0.00 2,463.88 0.00
Coupon 01/01/2025 3137FBU79 0.00 FHMS K-069 A2 3.187
09/25/2027 4.64% 3,291.57 0.00 3,291.57 0.00
Coupon 01/01/2025 3137FJEH8 0.00 FHMS K-081 A2 3.9
08/25/2028 5.09% 4,062.50 0.00 4,062.50 0.00
Coupon 01/01/2025 3137BTUM1 0.00 FHMS K-061 A2 3.347
11/25/2026 5.22% 2,447.57 0.00 2,447.57 0.00
Coupon 01/01/2025 3137F4X72 0.00 FHMS K-075 A2 3.65
02/25/2028 5.27% 3,543.54 0.00 3,543.54 0.00
Coupon 01/06/2025 3133ENKS8 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

1.125 01/06/2025

1.13% 4,246.88 0.00 4,246.88 0.00
48 | 17
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 01/08/2025 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 01/12/2025 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 01/15/2025 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.52% 22.79 0.00 22.79 0.00
Coupon 01/15/2025 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.33% 232.06 0.00 232.06 0.00
Coupon 01/15/2025 02582JJT8 0.00 AMXCA 2022-2 A 3.39
05/17/2027 3.40% 2,556.63 0.00 2,556.63 0.00
Coupon 01/15/2025 3130AYPN0 0.00 FEDERAL HOME LOAN
BANKS 4.125 01/15/2027 4.21% 41,250.00 0.00 41,250.00 0.00 Coupon 01/15/2025 58769GAD5 0.00 MBALT 2024-B A3 4.23
02/15/2028 4.24% 1,921.13 0.00 1,921.13 0.00
Coupon 01/15/2025 47800RAD5 0.00 JDOT 2024 A3 4.96
11/15/2028 4.96% 1,384.67 0.00 1,384.67 0.00
Coupon 01/15/2025 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 01/15/2025 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 01/15/2025 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 01/15/2025 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 01/16/2025 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 29.73 0.00 29.73 0.00
Coupon 01/16/2025 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.26% 60.76 0.00 60.76 0.00
Coupon 01/16/2025 36265WAD5 0.00 GMCAR 2022-3 A3 3.64
04/16/2027 3.64% 578.07 0.00 578.07 0.00
Coupon 01/17/2025 61747YET8 0.00 MORGAN STANLEY 4.679
07/17/2026 4.85% 23,395.00 0.00 23,395.00 0.00
49 | 18
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 01/18/2025 43815PAC3 0.00 HAROT 2022-2 A3 3.73
07/20/2026 3.73% 588.96 0.00 588.96 0.00
Coupon 01/19/2025 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 01/20/2025 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 01/20/2025 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 01/21/2025 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.89% 37.96 0.00 37.96 0.00
Coupon 01/21/2025 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 01/22/2025 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 01/25/2025 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.21% 306.86 0.00 306.86 0.00
Coupon 01/25/2025 05593AAC3 0.00 BMWLT 2023-1 A3 5.16
11/25/2025 5.16% 171.21 0.00 171.21 0.00
Coupon 01/25/2025 096919AD7 0.00 BMWOT 2024-A A3 5.18
02/26/2029 5.18% 2,590.00 0.00 2,590.00 0.00
Coupon 01/25/2025 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 01/26/2025 09290DAH4 0.00 BLACKROCK INC 4.6
07/26/2027 4.57% 17,250.00 0.00 17,250.00 0.00
Coupon 01/30/2025 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
Coupon 01/31/2025 91282CAB7 0.00 UNITED STATES TREASURY

0.25 07/31/2025 1.06% 2,500.00 0.00 2,500.00 0.00
Coupon 01/31/2025 912828Z52 0.00 UNITED STATES TREASURY

1.375 01/31/2025 1.38% 13,750.00 0.00 13,750.00 0.00
Coupon 01/31/2025 91282CLC3 0.00 UNITED STATES TREASURY

4.0 07/31/2029 4.10% 40,000.00 0.00 40,000.00 0.00
50 | 19
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 01/31/2025 91282CGH8 0.00 UNITED STATES TREASURY

3.5 01/31/2028 4.24% 26,250.00 0.00 26,250.00 0.00
Coupon 01/31/2025 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 0.00 406,892.41 0.00 406,892.41 0.00
Custody Fee 01/27/2025 CCYUSD (1,000.00) Cash 0.00% (1,000.00) 0.00 (1,000.00) 0.00 Total Custody
Fee (1,000.00) (1,000.00) 0.00 (1,000.00) 0.00
Dividend 01/31/2025 31846V567 0.00 FIRST AMER:GVT OBLG Z 4.28% 28,613.10 0.00 28,613.10 0.00 Total Dividend 0.00 28,613.10 0.00 28,613.10 0.00
Principal
Paydown 01/01/2025 3137BM7C4 2,458.85 FHMS K-051 A2 3.308 09/25/2025 3.30% 2,458.85 -- 2,458.85 5.18
Principal
Paydown 01/01/2025 3137FBU79 2,002.76 FHMS K-069 A2 3.187 09/25/2027 4.68% 2,002.76 -- 2,002.76 78.93
Principal
Paydown 01/01/2025 3137BTUM1 1,738.51 FHMS K-061 A2 3.347 11/25/2026 5.29% 1,738.51 -- 1,738.51 62.41
Principal
Paydown 01/15/2025 47789QAC4 13,420.33 JDOT 2021-B A3 0.52 03/16/2026 0.52% 13,420.33 -- 13,420.33 1.20
Principal
Paydown 01/15/2025 47787JAC2 15,311.93 JDOT 2022 A3 0.36 09/15/2026 2.33% 15,311.93 --
15,311.93 3.39
Principal
Paydown 01/16/2025 362554AC1 8,904.62 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 8,904.62 -- 8,904.62 0.23
Principal
Paydown 01/16/2025 380146AC4 9,151.56 GMCAR 2022-1 A3 1.26 11/16/2026 1.26% 9,151.56 -- 9,151.56 0.79
Principal
Paydown 01/16/2025 36265WAD5 18,664.27 GMCAR 2022-3 A3 3.64 04/16/2027 3.64% 18,664.27 -- 18,664.27 0.13
Principal
Paydown 01/18/2025 43815PAC3 20,956.91 HAROT 2022-2 A3 3.73 07/20/2026 3.73% 20,956.91 -- 20,956.91 1.25
Principal
Paydown 01/21/2025 43815GAC3 11,924.98 HAROT 2021-4 A3 0.88 01/21/2026 0.89% 11,924.98 -- 11,924.98 2.51
Principal
Paydown 01/25/2025 05602RAD3 15,707.81 BMWOT 2022-A A3 3.21 08/25/2026 3.21% 15,707.81 -- 15,707.81 0.81
Principal
Paydown 01/25/2025 05593AAC3 18,780.17 BMWLT 2023-1 A3 5.16 11/25/2025 5.16% 18,780.17 -- 18,780.17 0.44
51 | 20
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Total Principal
Paydown 139,022.70 139,022.70 -- 139,022.70 157.27

TOTAL OTHER
TRANSACTIONS 138,022.70 573,528.21 0.00 573,528.21 157.27 52 | 21
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
31846V567
9,245,585.75
7,404,380.24
4,160,042.11
(2,318,836.60)
9,245,585.75

0.00 28,083.05

0.00 28,083.05

0.00 0.00

0.00 28,083.05
28,083.05
Total 9,245,585.75
7,404,380.24
4,160,042.11
(2,318,836.60)
9,245,585.75

0.00 28,083.05

0.00 28,083.05

0.00 0.00

0.00 28,083.05 28,083.05

CASH & EQUIVALENTS
CCYUSD Receivable
28,613.10
28,083.05

0.00 0.00
28,613.10

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 Total Cash & Equivalents 28,613.10
28,083.05

0.00 0.00
28,613.10

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00 0.00

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
960,450.00

0.00 0.00
960,450.00
11,287.50

0.00 13,912.50
2,625.00

0.00 0.00

0.00 2,625.00
2,625.00
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
53 | 22
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
02582JJT8 AMXCA 2022-2 A 3.39
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
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
21,035.52
39,814.75

0.00 (18,779.73)
21,035.02

34.24 171.21

18.09 155.06

0.00 0.00

0.00 155.06
155.06
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
99,006.01
114,707.86

0.00 (15,707.00)
99,000.86

61.37 306.86

52.97 298.46

0.00 0.00

0.00 298.46
298.46
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
06368MJG0 BANK OF MONTREAL 5.004
01/27/2029
01/24/2025
01/27/2025
1,500,000.00

0.00 1,501,860.00

0.00 1,501,860.00

0.00 0.00
834.00
834.00

0.00 0.00

0.00 834.00
834.00
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
54 | 23
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
09290DAH4 BLACKROCK INC 4.6
07/26/2027
07/18/2024
07/26/2024
750,000.00
750,645.00

0.00 0.00
750,645.00
14,854.17
17,250.00
479.17
2,875.00

0.00 0.00

0.00 2,875.00
2,875.00
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
518.00
2,590.00
518.00
2,590.00

0.00 0.00

0.00 2,590.00
2,590.00
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
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
24422EXZ7 JOHN DEERE CAPITAL CORP

4.65 01/07/2028
01/06/2025
01/09/2025
700,000.00

0.00 699,790.00

0.00 699,790.00

0.00 0.00
1,989.17
1,989.17

0.00 0.00

0.00 1,989.17
1,989.17
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
55 | 24
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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
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
38,041.67
41,250.00
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
16,229.17

0.00 22,166.67
5,937.50

0.00 0.00

0.00 5,937.50
5,937.50
3133ENKS8

FEDERAL FARM CREDIT
BANKS FUNDING CORP 1.125
01/06/2025
01/06/2022
01/11/2022

0.00 753,301.25

0.00 (753,301.25)

0.00 4,128.91
4,246.88

0.00 117.97

0.00 0.00

0.00 117.97
117.97
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
56 | 25
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
1,180,208.76
1,180,172.92

0.00 (2,453.67)
1,177,719.25
3,260.22
3,260.22
3,253.44
3,253.44

0.00 0.00

0.00 3,253.44
3,253.44
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
57 | 26
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
875,787.14
846,023.85

0.00 (1,676.10)
844,347.75
2,447.57
2,447.57
2,442.72
2,442.72

0.00 0.00

0.00 2,442.72
2,442.72
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
1,237,370.53
1,190,524.56

0.00 (1,923.83)
1,188,600.73
3,291.57
3,291.57
3,286.25
3,286.25

0.00 0.00

0.00 3,286.25
3,286.25
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
3137H5YC5 FHMS K-748 A2 2.26
01/25/2029
08/19/2024
08/22/2024
1,500,000.00
1,385,332.03

0.00 0.00
1,385,332.03
2,825.00
2,825.00
2,825.00
2,825.00

0.00 0.00

0.00 2,825.00
2,825.00
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
43,555.53
52,458.82

0.00 (8,904.39)
43,554.42

14.86 29.73

12.34 27.21

0.00 0.00

0.00 27.21

27.21 58
| 27
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
36265WAD5 GMCAR 2022-3 A3 3.64
04/16/2027
07/06/2022
07/13/2022
171,908.08
190,571.04

0.00 (18,664.14)
171,906.90
289.03
578.07
260.73
549.76

0.00 0.00

0.00 549.76
549.76
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
48,717.94
57,864.47

0.00 (9,150.77)
48,713.70

30.38 60.76

25.58 55.96

0.00 0.00

0.00 55.96

55.96 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
39,842.96
51,757.03

0.00 (11,922.47)
39,834.56

12.65 37.96

9.74 35.05

0.00 0.00

0.00 35.05

35.05 43815PAC3 HAROT 2022-2 A3 3.73
07/20/2026
08/15/2022
08/24/2022
168,521.58
189,467.20

0.00 (20,955.66)
168,511.54
255.22
588.96
226.99
560.73

0.00 0.00

0.00 560.73
560.73
59 | 28
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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
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
104,720.59
120,005.97

0.00 (15,308.54)
104,697.42
123.77
232.06
107.98
216.27

0.00 0.00

0.00 216.27
216.27
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
39,173.37
52,589.01

0.00 (13,419.13)
39,169.87

12.16 22.79

9.05 19.69

0.00 0.00

0.00 19.69

19.69 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
532457CP1 ELI LILLY AND CO 4.15
08/14/2027
08/22/2024
08/23/2024
1,250,000.00
1,251,637.50

0.00 0.00
1,251,637.50
19,741.32

0.00 24,064.24
4,322.92

0.00 0.00

0.00 4,322.92
4,322.92
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
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028
09/17/2024
09/25/2024
545,000.00
544,908.28

0.00 0.00
544,908.28
1,024.60
1,921.13
1,024.60
1,921.13

0.00 0.00

0.00 1,921.13
1,921.13
60 | 29
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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
64952WFJ7 NEW YORK LIFE GLOBAL
FUNDING 3.9 10/01/2027
09/25/2024
10/01/2024
1,000,000.00
999,820.00

0.00 0.00
999,820.00
9,750.00

0.00 13,000.00
3,250.00

0.00 0.00

0.00 3,250.00
3,250.00
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
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
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
61 | 30
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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

0.00 1,000,000.00

0.00 (1,000,000.00)

0.00 7,111.11
8,000.00

0.00 888.89

0.00 0.00

0.00 888.89
888.89
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
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

0.00 1,925,625.00

0.00 (1,925,625.00)

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00
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
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
4,089.78

0.00 6,787.29
2,697.51

0.00 0.00

0.00 2,697.51
2,697.51
62 | 31
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
9128283W8 UNITED STATES TREASURY

2.75 02/15/2028
09/27/2024
09/30/2024
2,750,000.00
2,684,257.81

0.00 0.00
2,684,257.81
28,564.88

0.00 34,935.46
6,370.58

0.00 0.00

0.00 6,370.58
6,370.58
9128284V9 UNITED STATES TREASURY

2.875 08/15/2028
11/12/2024
11/15/2024
2,500,000.00
2,374,804.69

0.00 0.00
2,374,804.69
27,148.44

0.00 33,203.13
6,054.69

0.00 0.00

0.00 6,054.69
6,054.69
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
24,910.71

0.00 33,214.29
8,303.57

0.00 0.00

0.00 8,303.57
8,303.57
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
12,845.30

0.00 19,267.96
6,422.65

0.00 0.00

0.00 6,422.65
6,422.65
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
8,114.64

0.00 13,466.85
5,352.21

0.00 0.00

0.00 5,352.21
5,352.21
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
181.28

0.00 5,801.11
5,619.82

0.00 0.00

0.00 5,619.82
5,619.82
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
14,371.57

0.00 19,162.09
4,790.52

0.00 0.00

0.00 4,790.52
4,790.52
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
7,303.18

0.00 12,120.17
4,816.99

0.00 0.00

0.00 4,816.99
4,816.99
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
7,790.06

0.00 12,928.18
5,138.12

0.00 0.00

0.00 5,138.12
5,138.12
63 | 32
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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

84.60 0.00
2,707.18
2,622.58

0.00 0.00

0.00 2,622.58
2,622.58
912828Z52 UNITED STATES TREASURY

1.375 01/31/2025
06/04/2021
06/07/2021

0.00 2,062,500.00

0.00 (2,062,500.00)

0.00 11,508.15
13,750.00

0.00 2,241.85

0.00 0.00

0.00 2,241.85
2,241.85
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
2,554.95

0.00 3,406.59
851.65

0.00 0.00

0.00 851.65
851.65
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
1,284.53

0.00 1,926.80
642.27

0.00 0.00

0.00 642.27
642.27
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
395.60

0.00 778.85
383.24

0.00 0.00

0.00 383.24
383.24
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
2,092.39
2,500.00

13.81 421.42

0.00 0.00

0.00 421.42
421.42
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
849.45

0.00 1,063.54
214.09

0.00 0.00

0.00 214.09
214.09
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
15,968.41

0.00 21,291.21
5,322.80

0.00 0.00

0.00 5,322.80
5,322.80
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
116.71

0.00 3,734.81
3,618.09

0.00 0.00

0.00 3,618.09
3,618.09
64 | 33
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
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
23,016.30
27,500.00
151.93
4,635.63

0.00 0.00

0.00 4,635.63
4,635.63
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
26,545.23

0.00 33,235.50
6,690.26

0.00 0.00

0.00 6,690.26
6,690.26
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
12/17/2024
12/20/2024
2,750,000.00
2,618,730.47

0.00 0.00
2,618,730.47
29,199.76

0.00 36,559.05
7,359.29

0.00 0.00

0.00 7,359.29
7,359.29
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
16,862.64

0.00 22,483.52
5,620.88

0.00 0.00

0.00 5,620.88
5,620.88
91282CGH8 UNITED STATES TREASURY 3.5
01/31/2028
11/26/2024
11/27/2024
1,500,000.00
1,467,070.31

0.00 0.00
1,467,070.31
21,970.11
26,250.00
145.03
4,424.92

0.00 0.00

0.00 4,424.92
4,424.92
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
16,071.43

0.00 22,458.79
6,387.36

0.00 0.00

0.00 6,387.36
6,387.36
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
01/30/2025
01/31/2025
2,250,000.00

0.00 2,244,726.56

0.00 2,244,726.56

0.00 (40,416.09)
40,680.25
264.16

0.00 0.00

0.00 264.16
264.16
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029
10/29/2024
10/31/2024
2,000,000.00
1,991,093.75

0.00 0.00
1,991,093.75
33,478.26
40,000.00
220.99
6,742.73

0.00 0.00

0.00 6,742.73
6,742.73
91324PDE9 UNITEDHEALTH GROUP INC

2.95 10/15/2027
07/30/2024
07/31/2024
1,250,000.00
1,189,300.00

0.00 0.00
1,189,300.00
7,784.72

0.00 10,857.64
3,072.92

0.00 0.00

0.00 3,072.92
3,072.92
65 | 34
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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
Total Fixed Income 142,211,848.00
140,694,064.05
4,446,376.56
(5,880,291.68)
139,260,148.93
1,062,389.06
366,476.32
1,091,421.29
395,508.55

0.00 0.00

0.00 395,508.55 395,508.55
TOTAL PORTFOLIO 151,486,046.85
148,126,527.34
8,606,418.67
(8,199,128.28)
148,534,347.78
1,062,389.06
394,559.37
1,091,421.29
423,591.60

0.00 0.00

0.00 423,591.60 423,591.60
66 | 35
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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
02/14/2025 Coupon 532457CP1 1,250,000.00 ELI LILLY AND CO 4.15 08/14/2027 25,937.50 25,937.50 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 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 28.12 28.12 02/17/2025 Principal Paydown 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 8,116.23 8,116.23 02/17/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 526.19 526.19 02/17/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 16,865.18 16,865.18 02/17/2025 Coupon 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 52.10 52.10 02/17/2025 Principal Paydown 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 8,105.22 8,105.22 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 104,720.59 JDOT 2022 A3 0.36 09/15/2026 202.46 202.46 02/17/2025 Principal Paydown
47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 13,309.81 13,309.81 02/17/2025 Coupon 47789QAC4 39,173.37 JDOT 2021-B A3 0.52 03/16/2026 16.98 16.98 02/17/2025 Principal Paydown 47789QAC4 39,173.37 JDOT 2021-B A3 0.52 03/16/2026 15,333.06 15,333.06 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 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 3.39 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 67 | 36
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/18/2025 Coupon 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 528.90 528.90 02/18/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 19,472.15 19,472.15 02/18/2025 Coupon 9128283W8 2,750,000.00 UNITED STATES TREASURY 2.75 02/15/2028 37,812.50 37,812.50 02/18/2025 Coupon 9128284V9 2,500,000.00 UNITED STATES TREASURY 2.875 08/15/2028 35,937.50 35,937.50 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 02/21/2025 Coupon 43815GAC3 39,842.96 HAROT 2021-4 A3 0.88 01/21/2026 29.22 29.22 02/21/2025 Principal Paydown 43815GAC3 39,842.96 HAROT 2021-4 A3 0.88 01/21/2026 10,620.02 10,620.02 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 21,035.52 BMWLT 2023-1 A3 5.16 11/25/2025 59.63 59.63 02/25/2025 Effective Maturity 05593AAC3 21,035.52 BMWLT 2023-1 A3 5.16 11/25/2025 13,867.53 13,867.53 02/25/2025 Coupon 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 270.92 270.92 02/25/2025 Principal Paydown 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 13,530.36 13,530.36 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 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 3,253.44 3,253.44 02/25/2025 Principal Paydown 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 2,465.71 2,465.71 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 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,442.72 2,442.72 02/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,744.04 1,744.04 02/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.89 2,463.89 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 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,286.25 3,286.25 02/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,009.22 2,009.22 02/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 02/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 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 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 02/28/2025 Coupon 91282CFJ5 2,750,000.00 UNITED STATES TREASURY 3.125 08/31/2029 42,968.75 42,968.75 68 | 37
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/28/2025 Coupon 91282CKD2 2,250,000.00 UNITED STATES TREASURY 4.25 02/28/2029 47,812.50 47,812.50 February 2025
Total 1,660,438.54 533,852.54 2,194,291.08
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 3.39 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 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 23.52 23.52 03/17/2025 Principal Paydown 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 7,903.54 7,903.54 03/17/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 475.03 475.03 03/17/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 15,675.60 15,675.60 03/17/2025 Coupon 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 43.59 43.59 03/17/2025 Principal Paydown 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 7,856.09 7,856.09 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 104,720.59 JDOT 2022 A3 0.36 09/15/2026 176.73 176.73 03/17/2025 Principal Paydown 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 10,997.25 10,997.25 03/17/2025 Coupon 47789QAC4 39,173.37 JDOT 2021-B A3 0.52 03/16/2026 10.33

10.33 03/17/2025 Principal Paydown 47789QAC4 39,173.37 JDOT 2021-B A3 0.52 03/16/2026 13,199.60 13,199.60 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 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 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 468.37 468.37 03/18/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 18,880.83 18,880.83 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 1,255.33 1,255.33 03/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 24,400.84 24,400.84 69 | 38
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 39,842.96 HAROT 2021-4 A3 0.88 01/21/2026 21.43 21.43 03/21/2025 Principal Paydown 43815GAC3 39,842.96 HAROT 2021-4 A3 0.88 01/21/2026 10,325.22 10,325.22 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 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 234.73 234.73 03/25/2025 Principal Paydown 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 13,099.21 13,099.21 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 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 3,246.65 3,246.65 03/25/2025 Principal Paydown 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 2,926.34 2,926.34 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 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,437.85 2,437.85 03/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,063.63 2,063.63 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 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,280.91 3,280.91 03/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,422.20 2,422.20 03/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 03/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 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 4,829,750.33 452,315.36 5,282,065.69
APRIL 2025 70
| 39
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/01/2025 Coupon 64952WFJ7 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.9 10/01/2027 19,500.00 19,500.00
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 3.39 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 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 104,720.59 JDOT 2022 A3 0.36 09/15/2026 155.47 155.47 04/15/2025 Principal Paydown 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 14,072.78 14,072.78 04/15/2025 Coupon 47789QAC4 39,173.37 JDOT 2021-B A3 0.52 03/16/2026 4.61 4.61 04/15/2025 Effective Maturity 47789QAC4 39,173.37 JDOT 2021-B A3 0.52 03/16/2026 10,640.71 10,640.71 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 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 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 19.04 19.04 04/16/2025 Principal Paydown 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 8,127.29 8,127.29
04/16/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 427.48 427.48 04/16/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 16,251.79 16,251.79 04/16/2025 Coupon 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 35.34 35.34 04/16/2025 Principal Paydown 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 7,841.95 7,841.95 04/18/2025 Coupon 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 409.68 409.68 04/18/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 19,203.91 19,203.91 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 1,145.94 1,145.94 04/21/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 29,451.33 29,451.33 04/21/2025 Coupon 43815GAC3 39,842.96 HAROT 2021-4 A3 0.88 01/21/2026 13.86 13.86 04/21/2025 Principal Paydown 43815GAC3 39,842.96 HAROT 2021-4 A3 0.88 01/21/2026 10,380.95 10,380.95 04/25/2025 Coupon 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 199.69 199.69 71 | 40
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/25/2025 Principal Paydown 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 13,382.78 13,382.78 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 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 3,238.58 3,238.58 04/25/2025 Principal Paydown 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 2,481.12 2,481.12 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 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,432.10 2,432.10 04/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,756.19 1,756.19 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 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,274.48 3,274.48 04/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,023.61 2,023.61 04/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 04/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 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 3,035,614.41 245,614.50 3,281,228.91
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
72 | 41
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 3.39 05/17/2027 2,556.63 2,556.63 05/15/2025 Final Maturity 02582JJT8 905,000.00 AMXCA 2022-2 A 3.39 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 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 104,720.59 JDOT 2022 A3 0.36 09/15/2026 128.26 128.26 05/15/2025 Principal Paydown 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 12,988.84 12,988.84 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 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 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026

14.44 14.44
05/16/2025 Principal Paydown 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 7,860.04 7,860.04 05/16/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 378.18 378.18 05/16/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 15,584.75 15,584.75 05/16/2025 Coupon 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 27.11 27.11 05/16/2025 Principal Paydown 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 7,508.44 7,508.44 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 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 349.99 349.99 05/19/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 18,455.62 18,455.62 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 73 | 42
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 1,013.90 1,013.90 05/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 36,907.94 36,907.94 05/21/2025 Coupon 43815GAC3 39,842.96 HAROT 2021-4 A3 0.88 01/21/2026 6.25 6.25 05/21/2025 Effective Maturity 43815GAC3 39,842.96 HAROT 2021-4 A3 0.88 01/21/2026 8,516.76 8,516.76 05/26/2025 Coupon 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 163.89 163.89 05/26/2025 Principal Paydown 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 12,851.27 12,851.27 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 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 3,231.74 3,231.74 05/26/2025 Principal Paydown 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 21,171.15 21,171.15 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 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,427.20 2,427.20 05/26/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,866.00 1,866.00 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 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,269.11 3,269.11 05/26/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,165.10 2,165.10 05/26/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 05/26/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 May 2025 Total 1,530,875.91 371,578.28 1,902,454.19
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 74 | 43
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 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 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 9.98 9.98 06/16/2025 Principal Paydown 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 7,517.37 7,517.37 06/16/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 330.91 330.91 06/16/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 15,293.97 15,293.97 06/16/2025 Coupon 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 19.22 19.22 06/16/2025 Principal Paydown 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 7,357.72 7,357.72 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 104,720.59 JDOT 2022 A3 0.36 09/15/2026 103.15 103.15 06/16/2025 Principal Paydown 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 10,510.63 10,510.63 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 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 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 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 292.62 292.62 06/18/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 16,598.76 16,598.76 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 848.43 848.43 06/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 33,505.47 33,505.47 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 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 129.51 129.51 06/25/2025 Principal Paydown 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 12,102.32 12,102.32 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 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 3,173.38 3,173.38 75 | 44
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/25/2025 Principal Paydown 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 108,227.79 108,227.79 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 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,421.99 2,421.99 06/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,767.71 1,767.71 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 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,263.36 3,263.36 06/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,037.16 2,037.16 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 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 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 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 5,119,918.90 377,726.66 5,497,645.56
JULY 2025
07/07/2025 Coupon 24422EXZ7 700,000.00 JOHN DEERE CAPITAL CORP 4.65 01/07/2028 16,094.17 16,094.17 07/08/2025 Coupon 24422EXF1 1,000,000.00 JOHN DEERE CAPITAL CORP 4.5 01/08/2027 22,500.00 22,500.00 07/14/2025 Coupon 459058KT9 500,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.5 07/12/2028 8,750.00 8,750.00
07/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 07/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 07/15/2025 Coupon 3130AYPN0 2,000,000.00 FEDERAL HOME LOAN BANKS 4.125 01/15/2027 41,250.00 41,250.00
07/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 07/15/2025 Coupon 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 82.83 82.83 07/15/2025 Principal Paydown 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 12,446.79 12,446.79 07/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 07/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 07/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 07/16/2025 Coupon 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 5.72 5.72 76 | 45
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/16/2025 Principal Paydown 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 7,221.92 7,221.92 07/16/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 284.52 284.52 07/16/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 14,959.47 14,959.47 07/16/2025 Coupon 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 11.50 11.50 07/16/2025 Principal Paydown 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 7,195.38 7,195.38 07/17/2025 Coupon 61747YET8 1,000,000.00 MORGAN STANLEY 4.679 07/17/2026 23,395.00 23,395.00 07/17/2025 Effective Maturity 61747YET8 1,000,000.00 MORGAN STANLEY 4.679 07/17/2026 1,000,000.00 1,000,000.00 07/18/2025 Coupon 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 241.03 241.03 07/18/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 16,186.27 16,186.27 07/21/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,929.96 1,929.96 07/21/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 15,841.63 15,841.63 07/21/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 698.21 698.21 07/21/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 32,044.34 32,044.34 07/21/2025 Coupon 78016HZT0 1,245,000.00 ROYAL BANK OF CANADA 4.875 01/19/2027 30,346.88 30,346.88 07/22/2025 Coupon 3133EPW68 1,400,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.125 01/22/2026 28,875.00 28,875.00
07/25/2025 Coupon 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 97.14 97.14 07/25/2025 Principal Paydown 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 11,574.85 11,574.85 07/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,150.00 4,150.00 07/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 35,286.16 35,286.16 07/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 07/25/2025 Coupon 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 2,875.03 2,875.03 07/25/2025 Principal Paydown 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 202,323.82 202,323.82 07/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 07/25/2025 Coupon 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,417.06 2,417.06 07/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,877.12 1,877.12 07/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 07/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 07/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 07/25/2025 Coupon 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,257.95 3,257.95 07/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,178.18 2,178.18 07/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 77 | 46
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 07/28/2025 Coupon 06368MJG0 1,500,000.00 BANK OF MONTREAL 5.004 01/27/2029 37,530.00 37,530.00 07/28/2025 Coupon 09290DAH4 750,000.00 BLACKROCK INC 4.6 07/26/2027 17,250.00 17,250.00 07/30/2025 Coupon 3133EPZY4 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

5.0 07/30/2026 50,000.00 50,000.00
07/31/2025 Coupon 91282CAB7 2,000,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,500.00 2,500.00 07/31/2025 Final Maturity 91282CAB7 2,000,000.00 UNITED STATES TREASURY 0.25 07/31/2025 2,000,000.00 2,000,000.00 07/31/2025 Coupon 91282CFB2 2,000,000.00 UNITED STATES TREASURY 2.75 07/31/2027 27,500.00 27,500.00 07/31/2025 Coupon 91282CGH8 1,500,000.00 UNITED STATES TREASURY 3.5 01/31/2028 26,250.00 26,250.00 07/31/2025 Coupon 91282CLC3 2,000,000.00 UNITED STATES TREASURY 4.0 07/31/2029 40,000.00 40,000.00 July 2025 Total 3,359,135.93 429,651.13 3,788,787.06
AUGUST 2025
08/11/2025 Coupon 69371RS56 1,450,000.00 PACCAR FINANCIAL CORP 5.05 08/10/2026 36,612.50 36,612.50 08/12/2025 Coupon 14913R2Z9 1,375,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.65 08/12/2025 25,093.75 25,093.75
08/12/2025 Final Maturity 14913R2Z9 1,375,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.65 08/12/2025 1,375,000.00 1,375,000.00
08/14/2025 Coupon 3133EPSW6 2,405,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 08/14/2026 54,112.50 54,112.50
08/14/2025 Coupon 532457CP1 1,250,000.00 ELI LILLY AND CO 4.15 08/14/2027 25,937.50 25,937.50 08/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 08/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 08/15/2025 Coupon 26442UAA2 1,000,000.00 DUKE ENERGY PROGRESS LLC 3.25 08/15/2025 16,250.00 16,250.00
08/15/2025 Final Maturity 26442UAA2 1,000,000.00 DUKE ENERGY PROGRESS LLC 3.25 08/15/2025 1,000,000.00 1,000,000.00 08/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 08/15/2025 Coupon 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 58.76 58.76 08/15/2025 Principal Paydown 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 11,277.40 11,277.40 08/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 08/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 08/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 08/15/2025 Coupon 9128283W8 2,750,000.00 UNITED STATES TREASURY 2.75 02/15/2028 37,812.50 37,812.50 08/15/2025 Coupon 9128284V9 2,500,000.00 UNITED STATES TREASURY 2.875 08/15/2028 35,937.50 35,937.50 78 | 47
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/18/2025 Coupon 06428CAA2 1,000,000.00 BANK OF AMERICA NA 5.526 08/18/2026 27,630.00 27,630.00 08/18/2025 Coupon 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 1.63 1.63 08/18/2025 Effective Maturity 362554AC1 43,555.53 GMCAR 2021-4 A3 0.68 09/16/2026 2,878.27 2,878.27 08/18/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 239.14 239.14 08/18/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 14,503.45 14,503.45 08/18/2025 Coupon 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 3.94 3.94 08/18/2025 Effective Maturity 380146AC4 48,717.94 GMCAR 2022-1 A3 1.26 11/16/2026 3,754.68 3,754.68 08/18/2025 Coupon 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 190.72 190.72 08/18/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 15,691.53 15,691.53 08/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,862.76 1,862.76 08/20/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 35,101.73 35,101.73 08/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 554.54 554.54 08/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 30,611.38 30,611.38 08/22/2025 Coupon 023135BC9 1,000,000.00 AMAZON.COM INC 3.15 08/22/2027 15,750.00 15,750.00 08/25/2025 Coupon 037833BY5 1,000,000.00 APPLE INC 3.25 02/23/2026 16,250.00 16,250.00 08/25/2025 Coupon 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 66.18 66.18 08/25/2025 Principal Paydown 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 11,208.92 11,208.92 08/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 4,003.56 4,003.56 08/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 83,882.57 83,882.57 08/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 08/25/2025 Coupon 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 2,317.29 2,317.29 08/25/2025 Principal Paydown 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 373,070.80 373,070.80 08/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 08/25/2025 Coupon 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,411.83 2,411.83 08/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,779.30 1,779.30 08/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 08/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 08/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 08/25/2025 Coupon 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,252.16 3,252.16 08/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,050.79 2,050.79 08/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 08/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 79 | 48
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/26/2025 Coupon 17275RBQ4 1,500,000.00 CISCO SYSTEMS INC 4.8 02/26/2027 36,000.00 36,000.00 August 2025 Total 2,960,810.82 383,707.92 3,344,518.74
SEPTEMBER 2025
09/02/2025 Coupon 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,250.00 1,250.00 09/02/2025 Final Maturity 91282CAJ0 1,000,000.00 UNITED STATES TREASURY 0.25 08/31/2025 1,000,000.00 1,000,000.00 09/02/2025 Coupon 91282CFH9 2,500,000.00 UNITED STATES TREASURY 3.125 08/31/2027 39,062.50 39,062.50 09/02/2025 Coupon 91282CFJ5 2,750,000.00 UNITED STATES TREASURY 3.125 08/31/2029 42,968.75 42,968.75 09/02/2025 Coupon 91282CKD2 2,250,000.00 UNITED STATES TREASURY 4.25 02/28/2029 47,812.50 47,812.50 09/11/2025 Coupon 3130AWTQ3 4,500,000.00 FEDERAL HOME LOAN BANKS 4.625 09/11/2026 104,062.50 104,062.50
09/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 09/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 09/15/2025 Coupon 437076CR1 1,000,000.00 HOME DEPOT INC 4.0 09/15/2025 20,000.00 20,000.00 09/15/2025 Final Maturity 437076CR1 1,000,000.00 HOME DEPOT INC 4.0 09/15/2025 1,000,000.00 1,000,000.00 09/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 09/15/2025 Coupon 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 36.96 36.96 09/15/2025 Principal Paydown 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 10,984.00 10,984.00 09/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 09/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 09/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 09/16/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 195.15 195.15 09/16/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 13,801.51 13,801.51 09/18/2025 Coupon 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 141.94 141.94 09/18/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 15,296.31 15,296.31 09/18/2025 Coupon 857477CL5 1,210,000.00 STATE STREET CORP 4.993 03/18/2027 30,207.65 30,207.65 09/22/2025 Coupon 3133EPWK7 2,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 09/22/2028 45,000.00 45,000.00
09/22/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,713.87 1,713.87 09/22/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 53,217.34 53,217.34 09/22/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 417.30 417.30 09/22/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 35,242.49 35,242.49 09/22/2025 Coupon 89236TKJ3 1,000,000.00 TOYOTA MOTOR CREDIT CORP 4.55 09/20/2027 22,750.00 22,750.00 80 | 49
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/25/2025 Coupon 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 36.19 36.19 09/25/2025 Principal Paydown 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 9,425.50 9,425.50 09/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 3,655.45 3,655.45 09/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 82,389.92 82,389.92 09/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 09/25/2025 Coupon 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 1,288.86 1,288.86 09/25/2025 Final Maturity 3137BM7C4 1,180,208.76 FHMS K-051 A2 3.308 09/25/2025 467,542.04 467,542.04 09/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 09/25/2025 Coupon 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,406.86 2,406.86 09/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,784.95 1,784.95 09/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 09/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 09/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 09/25/2025 Coupon 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,246.71 3,246.71 09/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,057.40 2,057.40 09/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 09/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 09/26/2025 Coupon 3133EP6K6 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 03/26/2027 22,500.00 22,500.00
09/30/2025 Coupon 9128285C0 3,250,000.00 UNITED STATES TREASURY 3.0 09/30/2025 48,750.00 48,750.00 09/30/2025 Final Maturity 9128285C0 3,250,000.00 UNITED STATES TREASURY 3.0 09/30/2025 3,250,000.00 3,250,000.00 09/30/2025 Coupon 9128286L9 2,500,000.00 UNITED STATES TREASURY 2.25 03/31/2026 28,125.00 28,125.00 09/30/2025 Coupon 91282CEF4 2,500,000.00 UNITED STATES TREASURY 2.5 03/31/2027 31,250.00 31,250.00 09/30/2025 Coupon 91282CFM8 1,600,000.00 UNITED STATES TREASURY 4.125 09/30/2027 33,000.00 33,000.00 September 2025
Total 5,941,741.46 571,237.35 6,512,978.82
OCTOBER 2025
10/01/2025 Coupon 64952WFJ7 1,000,000.00 NEW YORK LIFE GLOBAL FUNDING 3.9 10/01/2027 19,500.00 19,500.00
10/09/2025 Coupon 3130B0TY5 1,500,000.00 FEDERAL HOME LOAN BANKS 4.75 04/09/2027 35,625.00 35,625.00 10/10/2025 Coupon 57629W6F2 750,000.00 MASSMUTUAL GLOBAL FUNDING II 4.5 04/10/2026 16,875.00 16,875.00
81 | 50
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 10/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 10/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 5,427.08 5,427.08 10/15/2025 Principal Paydown 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 54,539.31 54,539.31 10/15/2025 Coupon 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 15.72 15.72 10/15/2025 Effective Maturity 47787JAC2 104,720.59 JDOT 2022 A3 0.36 09/15/2026 8,133.10 8,133.10 10/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 10/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 10/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 10/15/2025 Coupon 91282CGV7 2,000,000.00 UNITED STATES TREASURY 3.75 04/15/2026 37,500.00 37,500.00 10/15/2025 Coupon 91324PDE9 1,250,000.00 UNITEDHEALTH GROUP INC 2.95 10/15/2027 18,437.50 18,437.50 10/16/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 153.28 153.28 10/16/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 12,866.66 12,866.66 10/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,488.14 1,488.14 10/20/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 52,088.57 52,088.57 10/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 259.30 259.30 10/20/2025 Principal Paydown 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 32,978.12 32,978.12 10/20/2025 Coupon 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 94.40 94.40 10/20/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 14,745.27 14,745.27 10/27/2025 Coupon 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 10.98 10.98 10/27/2025 Effective Maturity 05602RAD3 99,006.01 BMWOT 2022-A A3 3.21 08/25/2026 4,104.86 4,104.86 10/27/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 3,313.53 3,313.53 10/27/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 82,897.57 82,897.57 10/27/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 10/27/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 10/27/2025 Coupon 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,401.89 2,401.89 10/27/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,893.76 1,893.76 10/27/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 10/27/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 10/27/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 10/27/2025 Coupon 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,241.25 3,241.25 10/27/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,197.71 2,197.71 82 | 51
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/27/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 10/27/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 10/31/2025 Coupon 9128285J5 2,500,000.00 UNITED STATES TREASURY 3.0 10/31/2025 37,500.00 37,500.00 10/31/2025 Final Maturity 9128285J5 2,500,000.00 UNITED STATES TREASURY 3.0 10/31/2025 2,500,000.00 2,500,000.00 October 2025
Total 2,766,444.92 217,775.14 2,984,220.06
NOVEMBER 2025
11/03/2025 Coupon 00440EAV9 1,000,000.00 CHUBB INA HOLDINGS LLC 3.35 05/03/2026 16,750.00 16,750.00 11/03/2025 Coupon 74456QBU9 750,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 13,875.00 13,875.00
11/10/2025 Coupon 3133ERDZ1 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.75 05/08/2026 23,750.00 23,750.00
11/10/2025 Coupon 665859AW4 1,000,000.00 NORTHERN TRUST CORP 4.0 05/10/2027 20,000.00 20,000.00 11/10/2025 Coupon 713448FW3 510,000.00 PEPSICO INC 5.125 11/10/2026 13,068.75 13,068.75 11/17/2025 Coupon 009158AY2 1,500,000.00 AIR PRODUCTS AND CHEMICALS INC 1.85 05/15/2027 13,875.00 13,875.00
11/17/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 11/17/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 11/17/2025 Coupon 3130AXU63 1,750,000.00 FEDERAL HOME LOAN BANKS 4.625 11/17/2026 40,468.75 40,468.75
11/17/2025 Coupon 341081GN1 1,500,000.00 FLORIDA POWER & LIGHT CO 4.4 05/15/2028 33,000.00 33,000.00 11/17/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 114.26 114.26 11/17/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 12,565.97 12,565.97 11/17/2025 Coupon 437918AC9 1,250,000.00
HAROT 2024-1 A3 5.21 08/15/2028 5,190.29 5,190.29
11/17/2025 Principal Paydown 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 71,576.84 71,576.84 11/17/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 11/17/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 11/17/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 11/17/2025 Coupon 9128283F5 1,400,000.00 UNITED STATES TREASURY 2.25 11/15/2027 15,750.00 15,750.00 11/17/2025 Coupon 9128285M8 2,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 31,250.00 31,250.00 11/17/2025 Coupon 912828M56 2,500,000.00 UNITED STATES TREASURY 2.25 11/15/2025 28,125.00 28,125.00 11/17/2025 Final Maturity 912828M56 2,500,000.00 UNITED STATES TREASURY 2.25 11/15/2025 2,500,000.00 2,500,000.00 11/17/2025 Coupon 912828U24 3,000,000.00 UNITED STATES TREASURY 2.0 11/15/2026 30,000.00 30,000.00 83 | 52
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/18/2025 Coupon 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 48.56 48.56 11/18/2025 Principal Paydown 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 14,353.42 14,353.42 11/20/2025 Coupon 3133ERFJ5 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.5 05/20/2027 22,500.00 22,500.00
11/20/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,267.20 1,267.20 11/20/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 48,533.23 48,533.23 11/20/2025 Coupon 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 111.45 111.45 11/20/2025 Effective Maturity 379929AD4 280,000.00 GMALT 2023-3 A3 5.38 11/20/2026 24,858.10 24,858.10 11/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 2,969.51 2,969.51 11/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 86,266.94 86,266.94 11/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 11/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 11/25/2025 Coupon 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,396.60 2,396.60 11/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,796.64 1,796.64 11/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 11/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 11/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 11/25/2025 Coupon 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,235.41 3,235.41 11/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,071.15 2,071.15 11/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 11/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 November 2025
Total 2,762,022.29 353,677.85 3,115,700.13
DECEMBER 2025
12/01/2025 Coupon 023135CN4 425,000.00 AMAZON.COM INC 4.6 12/01/2025 9,775.00 9,775.00 12/01/2025 Final Maturity 023135CN4 425,000.00 AMAZON.COM INC 4.6 12/01/2025 425,000.00 425,000.00 12/08/2025 Coupon 48125LRU8 1,575,000.00 JPMORGAN CHASE BANK NA 5.11 12/08/2026 40,241.25 40,241.25 12/09/2025 Coupon 3130AVVX7 1,120,000.00 FEDERAL HOME LOAN BANKS 3.75 06/09/2028 21,000.00 21,000.00 12/09/2025 Coupon 3130AWC24 2,000,000.00 FEDERAL HOME LOAN BANKS 4.0 06/09/2028 40,000.00 40,000.00 12/12/2025 Coupon 3130AWLZ1 2,000,000.00 FEDERAL HOME LOAN BANKS 4.75 06/12/2026 47,500.00 47,500.00 12/15/2025 Coupon 02582JKH2 640,000.00 AMXCA 2024-1 A 5.23 04/16/2029 2,789.33 2,789.33 12/15/2025 Coupon 161571HT4 1,320,000.00 CHAIT 2023-1 A 5.16 09/15/2028 5,676.00 5,676.00 84 | 53
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2025 Coupon 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 4,879.53 4,879.53 12/15/2025 Principal Paydown 437918AC9 1,250,000.00 HAROT 2024-1 A3 5.21 08/15/2028 67,815.39 67,815.39 12/15/2025 Coupon 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 1,384.67 1,384.67 12/15/2025 Principal Paydown 47800RAD5 335,000.00 JDOT 2024 A3 4.96 11/15/2028 919.06 919.06 12/15/2025 Coupon 58769GAD5 545,000.00 MBALT 2024-B A3 4.23 02/15/2028 1,921.13 1,921.13 12/15/2025 Coupon 58770JAD6 350,000.00 MBALT 2024-A A3 5.32 01/18/2028 1,551.85 1,551.85 12/16/2025 Coupon 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 76.14 76.14 12/16/2025 Principal Paydown 36265WAD5 171,908.08 GMCAR 2022-3 A3 3.64 04/16/2027 11,947.83 11,947.83 12/18/2025 Coupon 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 3.95 3.95 12/18/2025 Effective Maturity 43815PAC3 168,521.58 HAROT 2022-2 A3 3.73 07/20/2026 1,269.90 1,269.90 12/22/2025 Coupon 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 1,061.34 1,061.34 12/22/2025 Principal Paydown 36269FAD8 455,000.00 GMALT 2024-1 A3 5.09 03/22/2027 43,730.88 43,730.88 12/22/2025 Coupon 58989V2F0 1,000,000.00 MET TOWER GLOBAL FUNDING 5.4 06/20/2026 27,000.00 27,000.00 12/25/2025 Coupon 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 2,611.50 2,611.50 12/25/2025 Principal Paydown 05611UAD5 1,000,000.00 BMWLT 2024-1 A3 4.98 03/25/2027 73,905.32 73,905.32 12/25/2025 Coupon 096919AD7 600,000.00 BMWOT 2024-A A3 5.18 02/26/2029 2,590.00 2,590.00 12/25/2025 Coupon 3137BSP72 2,000,000.00 FHMS K-058 A2 2.653 08/25/2026 4,421.67 4,421.67 12/25/2025 Coupon 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 2,391.59 2,391.59 12/25/2025 Principal Paydown 3137BTUM1 875,787.14 FHMS K-061 A2 3.347 11/25/2026 1,905.04 1,905.04 12/25/2025 Coupon 3137BVZ82 862,000.00 FHMS K-063 A2 3.43 01/25/2027 2,463.88 2,463.88 12/25/2025 Coupon 3137F1G44 1,000,000.00 FHMS K-065 A2 3.243 04/25/2027 2,702.50 2,702.50 12/25/2025 Coupon 3137F4X72 1,165,000.00 FHMS K-075 A2 3.65 02/25/2028 3,543.54 3,543.54 12/25/2025 Coupon 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 3,229.91 3,229.91 12/25/2025 Principal Paydown 3137FBU79 1,237,370.53 FHMS K-069 A2 3.187 09/25/2027 2,210.99 2,210.99 12/25/2025 Coupon 3137FJEH8 1,250,000.00 FHMS K-081 A2 3.9 08/25/2028 4,062.50 4,062.50 12/25/2025 Coupon 3137H5YC5 1,500,000.00 FHMS K-748 A2 2.26 01/25/2029 2,825.00 2,825.00 12/26/2025 Coupon 437076DB5 740,000.00 HOME DEPOT INC 4.875 06/25/2027 18,037.50 18,037.50 12/31/2025 Coupon 9128285T3 2,500,000.00 UNITED STATES TREASURY 2.625 12/31/2025 32,812.50 32,812.50 12/31/2025 Final Maturity 9128285T3 2,500,000.00 UNITED STATES TREASURY 2.625 12/31/2025 2,500,000.00 2,500,000.00 12/31/2025 Coupon 912828YX2 1,750,000.00 UNITED STATES TREASURY 1.75 12/31/2026 15,312.50 15,312.50 12/31/2025 Coupon 91282CEW7 1,300,000.00 UNITED STATES TREASURY 3.25 06/30/2027 21,125.00 21,125.00 85 | 54
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount December 2025
Total 3,128,704.40 322,989.77 3,451,694.18
Grand Total 499,774,023.57 37,095,457.92 4,260,126.50 41,355,584.42 86 | 55
Murrieta Consolidated | Account | As of January 31, 2025 Execution Time: 02/04/2025 05:55:54 PM

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

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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 high rating by S&P , Moody’s and Fitch respectively. 87 Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
February 18, 2025
LAIF Home
PMIA Average Monthly
Yields

CITY OF MURRIETA

FINANCE DIRECTOR
1 TOWNE SQUARE
MURRIETA, CA 92562
Account Number:

January 2025 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
1/15/2025 1/14/2025 QRD 1767404 N/A SYSTEM 22,738.88
Account Summary
Total Deposit: 22,738.88 Beginning Balance: 1,955,146.22 Total Withdrawal: 0.00 Ending Balance: 1,977,885.10
2/18/25, 7:12 AM LAIF Regular Monthly Statement
https://laifms.treasurer.ca.gov/RegularStatement.aspx 1/188

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 01/01/2025 THROUGH 01/31/2025

FUNDS HELD ON COMPANY'S BEHALF IN THE OMNIBUS DEPOSIT ACCOUNT AT BANK ARE

DEPOSITS AND ARE ELIGIBLE FOR FDIC INSURANCE IN ACCORDANCE WITH FDIC RULES AND LIMITS. COMPANY'S MMMF SHARES HELD IN THE OMNIBUS INVESTMENT ACCOUNT IN

BANK'S NAME AT THE CUSTODIAN OF THE MMMF ARE NOT DEPOSITS AND ARE NOT ELIGIBLE FOR FDIC INSURANCE. COMPANY IS THE OWNER OF ITS MMMF SHARES.

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
1-01-2025 Beginning Balance 110,112,543.37
1-02-2025 Next Day Sweep Purchase 243,982.47
1-03-2025 Next Day Sweep Purchase 374,662.94
1-06-2025 Next Day Sweep Purchase 221,832.78
1-07-2025 Sweep Funds Return To DDA 976,894.06
1-08-2025 Sweep Funds Return To DDA 2,173,104.34
1-09-2025 Sweep Funds Return To DDA 67,734.29
1-10-2025 Next Day Sweep Purchase 270,229.37
1-13-2025 Next Day Sweep Purchase 1,423,441.28
1-14-2025 Sweep Funds Return To DDA 391,082.95
1-15-2025 Next Day Sweep Purchase 456,859.88
1-16-2025 Next Day Sweep Purchase 235,168.29
1-17-2025 Sweep Funds Return To DDA 182,581.66
1-21-2025 Sweep Funds Return To DDA 166,211.22
1-22-2025 Sweep Funds Return To DDA 1,553,601.70
1-23-2025 Next Day Sweep Purchase 34,384.63
1-24-2025 Next Day Sweep Purchase 142,854.92
1-27-2025 Next Day Sweep Purchase 3,564,144.97
1-28-2025 Sweep Funds Return To DDA 381,731.77
1-29-2025 Next Day Sweep Purchase 121,552.01
1-30-2025 Next Day Sweep Purchase 17,950,533.34
1-31-2025 Next Day Sweep Purchase 4,705.17
1-31-2025 Ending Balance 129,263,953.43
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 01-01* 110,112,543.37 4.404 % .000120683 13,288.71
01-02 110,356,525.84 4.390 % .000120300 13,275.89
01-03 110,731,188.78 4.335 % .000118779 13,152.54

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 405,936.38
Federal Withholding YTD .00
7-Day Simple Yield 4.31550 %
Federal Withholding .00
Beginning Balance 110,112,543.37
Shares Purchased 25,044,352.05 +
Shares Redeemed 5,892,941.99 -
Ending Balance 129,263,953.43
Prior Month Dividends Paid to Checking 410,722.84
Dividends Earned in Current Month 405,936.38
Funds Pending Investment 391,422.14
89 STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 01-04* 110,731,188.78 4.335 % .000118779 13,152.54
01-05* 110,731,188.78 4.335 % .000118779 13,152.54
01-06 110,953,021.56 4.315 % .000118224 13,117.31
01-07 109,976,127.50 4.319 % .000118336 13,014.14
01-08 107,803,023.16 4.306 % .000117974 12,717.95
01-09 107,735,288.87 4.308 % .000118046 12,717.72
01-10 108,005,518.24 4.310 % .000118097 12,755.13
01-11* 108,005,518.24 4.310 % .000118097 12,755.13
01-12* 108,005,518.24 4.310 % .000118097 12,755.13
01-13 109,428,959.52 4.313 % .000118166 12,930.78
01-14 109,037,876.57 4.304 % .000117918 12,857.53
01-15 109,494,736.45 4.304 % .000117923 12,911.95
01-16 109,729,904.74 4.303 % .000117904 12,937.59
01-17 109,547,323.08 4.305 % .000117953 12,921.44
01-18* 109,381,111.86 4.305 % .000117953 12,901.83
01-19* 109,381,111.86 4.305 % .000117953 12,901.83
01-20* 109,381,111.86 4.305 % .000117953 12,901.83
01-21 109,381,111.86 4.296 % .000117725 12,876.89
01-22 107,827,510.16 4.299 % .000117783 12,700.25
01-23 107,861,894.79 4.311 % .000118117 12,740.32
01-24 108,004,749.71 4.324 % .000118473 12,795.65
01-25* 108,004,749.71 4.324 % .000118473 12,795.65
01-26* 108,004,749.71 4.324 % .000118473 12,795.65
01-27 111,568,894.68 4.321 % .000118399 13,209.65
01-28 111,187,162.91 4.317 % .000118280 13,151.22
01-29 111,308,714.92 4.316 % .000118258 13,163.15
01-30 129,259,248.26 4.321 % .000118404 15,304.81
01-31 129,263,953.43 4.315 % .000118236 15,283.65
TOTAL MTD 405,936.40
* 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.
01/01/2025 - 01/31/2025

Account Number - DDA
90 CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. 4.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Justin Clifton, City Manager
PREPARED BY: Tiffany Israel, City Attorney
SUBJECT:

Settlement Agreement with Anthony Borel

RECOMMENDATION
Approval a Settlement Agreement with Anthony Borel; and Authorize the City Manager to sign the agreement.

PRIOR ACTION/VOTE
None.

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

BACKGROUND
On July 15, 2019, Murrieta Fire and Protection District (MFPD) was called to a residential gas leak on Wooden Horse Trail. On that day, the homeowners were having solar panels installed by Sunrun through HoSoPo Corporation dba Horizon Solar Power/Sungevity, Inc. (Horizon). Horizon employees began installation of the solar panels and inserted a grounding rod, which caused a gas leak. Once the gas was detected, MFPD and employees of the Southern California Gas Company (SoCalGas) were dispatched for the gas leak and damage remediation efforts. During the explosion, Mr. Borel was severely injured.

The cause of the explosion is disputed. However, it is undisputed that Sunrun failed to ensure compliance with permitting requirements, as they failed to call DigAlert before excavation, as mandated by State law, properly train its employees on excavations, or ensure that Horizon was properly licensed.

The explosion injured more than 15 people, resulted in one fatality, and damaged 35 homes. Mr. Borel, who was 24 at the time of the incident, and an employee of Horizon, was working on the solar installation project at the time of the explosion. He was severely injured, and his medical damages are substantial. He was also unable to return to work for several years and asserts claims for loss of income, loss of future earnings, and CITY OF MURRIETA Printed on 3/13/2025Page 1 of 2
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Agenda Item No. 4.
unable to return to work for several years and asserts claims for loss of income, loss of future earnings, and pain and suffering.

Mr. Borel alleges that the MFPD firefighters were negligent. The City and MFPD vigorously dispute these allegations and maintain that Defendant Horizon and Defendant SoCalGas bear responsibility for the negligence related to the incident.

While Mr. Borel contends that Horizon and Sunrun were also negligent, Horizon, Sunrun, and related entities are not parties to the litigation filed by Mr. Borel due to the exclusivity of Workers’ Compensation.

Bremer Whyte Brown & O’Meara LLP was retained by Allied World Insurance Company and Third-Party Administrator Network Adjusters, Inc., the MFPD’sinsurance company at the time of the incident, to represent the MFPD and the City as an additional insured in this matter. After undertaking extensive discovery on this matter to assess the value of Mr. Borel’s claims, the attorneys from Bremer Whyte have negotiated a settlement with Mr. Borel in the amount of $2,800,000 and are requesting approval by the City Council of the attached agreement memorializing this settlement.

FISCAL IMPACT
The settlement amount will be paid by the City and MFPD’s insurance carrier at the time of the incident.

ATTACHMENTS

1. Settlement Agreement with Anthony Borel
CITY OF MURRIETA Printed on 3/13/2025Page 2 of 2
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01375.0025/1009120.2

SETTLEMENT AGREEMENT AND RELEASE OF ALL CLAIMS AND ACTIONS This Settlement Agreement and Release (the “RELEASE”) is made by Plaintiff, ANTHONY BOREL , (referred to herein as "PLAINTIFF"), and Defendants CITY OF MURRIETA and MURRIETA FIRE PROTECTION DISTRIC T (collectively referred to as “DEFENDANTS”). PLAINTIFF and DEFENDANTS are collectively referred to as the “PARTIES” and each may be referred to individually as a “PARTY”.

1. SECTION HEADINGS. The section headings contained in the RELEASE are for reference purposes only and shall not affect in any way the meaning or interpretation of the RELEASE.

2. RECITALS: The PARTIES agree:
a. PLAINTIFF initiated an Action against Defendant CITY OF MURRIETA in the Riverside County Superior Court, State of California, Case No. RIC2002687 (the “Action”). In the Action, PLAINTIFF seeks to recover damages as a result of an occurrence on or about July 15, 2019, at 23562 Wooden Horse Trail, Murrieta, California 92562 (“the INCIDENT”) and which PLAINTIFF alleges was caused by certain alleged acts or omissions by DEFENDANT S and other entities.
b. The PARTIES desire to enter into this RELEASE in order to resolve the Action in full as to DEFENDANTS only , in exchange for the discharge of all c laims against DEFENDANTS which are, or might have been, the subject matter of PLAINTIFF’S Complaint upon the terms and conditions set forth below.

3. INTENT. By the RELEASE, PLAINTIFF desires to settle any and all of his claims against DEFENDANTS arising out of the INCIDENT which are the subject of the Action and alleged to have been caused by DEFENDANTS due to their acts or omissions (inclusive of, but not limited to DEFENDANTS’ employees, agents , representatives, officers, directors, insurers), said claims including: bodily injuries, medical costs / expenses, dental expenses, future medical and/or dental expenses, property damage, loss of consortium, pain and suffering, emotional distress, past and future loss of earnings, general damages, special damages, attorneys’ fees, costs, expenses, damages, liens, and/or economic / non -economic losses alleged or which were or could have been alleged in the Action.

4. RELEASES BY PLAINTIFF. FOR AND IN CONSIDERATION of settlement funds paid to PLAINTIFF as detailed be low, PLAINTIFF hereby releases, acquits and forever discharges DEFENDANTS and any of their owners, agents, representatives, officers, officials, directors, parent companies, subsidiary companies, successors, predecessors, employees, former employees, volunteers, insurers (AXIS Insurance Company, Fire Agencies Insurance Risk Authority, Argonaut Insurance Company, Allied World Insurance Company, Allied Public Risk LLC DBA Allied Community Insurance Services LLC, and Network Adjusters Inc. ), and attorneys (collectively, “Released Parties”) , from and against any and all actions, cause(s) of action, claims, demands, damages, expenses and compensation on account of, arising from, 93 - 2 -

relating to, or in any way growing out of the INCIDENT, or which were or could have b een alleged in the Action, as to DEFENDANTS only.

5. SETTLEMENT PAYMENTS: The settlement funds shall be paid to PLAINTIFF on behalf of DEFENDANTS, as follows: PLAINTIFF will receive a total sum of $2,800,000 (two million, eight hundred thousand dollars) , wh ich may be referred to as the “SETTLEMENT FIGURE”. The SETTLEMENT FIGURE will be paid out to the individual(s) named below ("Payee(s)") the sums outlined below:
a. Cash or lump sum payments due at the time of settlement as follows:

• $1,800,000.00 inclusive of fees a nd expenses Payable jointly to Anthony Borel and Roberts | Jeandron Law, APC.
• $450,916.50 payable to Mutual of Omaha Structured Settlement Company for the funding of an annuity policy issued by United of Omaha Life Insurance Company yielding the periodic payments described further in (b.) below. • $549,083.50 payable to Prudential Assigned Settlement Services Corp (PassCorp) for the funding of an annuity policy issued by The Prudential Insurance Company of America yielding the periodic payments described further in (c.) below.

b. Periodic payments made according to the schedule as follows (the "Periodic Payments"):

Payee: Anthony Borel

Periodic Payments

• $4,703.67 payable monthly beginning 07/01/2040. Payable for life with 300 months guaranteed. Guaranteed payments through 06/01/2065.

Upon the death of the annuitant/claimant (aka PLAINTIFF), any remaining guaranteed payments may be commuted at the option of the named beneficiary.

c. Periodic payments made according to the schedule as follows (the "Perio dic Payments"):

Payee: Anthony Borel

Periodic Payments

• $4,300.00 payable monthly, guaranteed for 15 year(s), starting on 07/01/2025 with the last guaranteed payment on 06/01/2040.

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The payments above constitute damages (other than punitive damages), w hether by suit or agreement, on account of personal injury or sickness in a case involving physical injury or physical sickness, within the meaning of Sections 130(c) and 104(a)(2) of the Code.

ACCELERATION, TRANSFER OF PAYMENT RIGHTS.

None of the Periodic Payments and no rights to or interest in any of the Periodic Payments (all of the foregoing being hereinafter collectively referred to as “Payment Rights”) can be i. Accelerated, deferred, increased, or decreased by any recipient of any of the Perio dic Payments; or
ii. Sold, assigned, pledged, hypothecated or otherwise transferred or encumbered, either directly or indirectly, unless such sale, assignment, pledge, hypothecation or other transfer or encumbrance (any such transaction being hereinafter referred to as a “Transfer”) has been approved in advance in a “Qualified Order” as defined in Section 5891(b)(2) of the Code (a “Qualified Order”) and otherwise complies with applicable state law, including without limitation any applicable state structu red settlement protection statute.

No Claimant or Successor Payee shall have the power to affect any Transfer of Payment Rights except as provided in sub -paragraph (ii) above, and any other purported Transfer of Payment Rights shall be wholly void. If Pay ment Ri ghts under this Settlement Agreement become the subject of a Transfer approved in accordance with sub -paragraph (ii) above the rights of any direct or indirect transferee of such Transfer shall be subject to the terms of this Settlement Agreement and any defense or claim in recoupment arising hereunder.

CLAIMANT’S BENEFICIARY

Any payments to be made after the death of Payee pursuant to the terms of the Settlement Agreement shall be made to such person or entity as shall be designated in writing by Payee to the Assignees. If no person or entity is so designated by Payee, or if the person designated is not living at the time of the Payee’s death, such payments shall be made to the estate of the Payee.

No such designation, nor any revocation thereof, shall be effective unless it is in writing and delivered to the Insurer or the Insurer’s Assignees. The designation must be in a form acceptable to the Assignees before such payments are made.

CONSENT TO QUALIFIED ASSIGNMENT

(a.) Assignment of Obligat ion. Claimant acknowledges and agrees that the Defendant (aka DEFENDANTS) will make a "qualified assignment", within the meaning of Section 130(c) of the Internal Revenue Code of 1986, as amended, of the Defendant’s liability for the Periodic Payments set forth above in 5 b. to Mutual of Omaha Structured Settlement Company and set forth above in 5 c. of Payments Section to Prudential Assigned 95 - 4 -

Settlement Services Corp (PASSCorp) , (hereinafter referred to as "Assignee s"). The Assignee’s obligations for payment of the Periodic Payments shall be no greater than that of the Defendant (whether by judgment or agreement) immediately preceding the assignment of the Periodic Payments obligation.

(b.) Assignee(s) as Obligor. Any such assignment shall be accepted by the Claimant without right of rejection and shall completely release and discharge the Defendant from the Periodic Payments obligation assigned to the Assignee s. The Claimant recognizes that, in the event of such an assignment, the Assignee s shall be the sole o bligor with respect to the Periodic Payments obligation, and that all other releases with respect to the Periodic Payments obligation that pertain to the liability of the Defendant shall thereupon become final, irrevocable, and absolute.

RIGHT TO PURCHASE AN ANNUITY

The Defendant, itself or through its Assignee s, will fund the liability to make the Periodic Payments set forth in 5 b. of Payments Section through the purchase of an annuity policy from United of Omaha Structured Settlement Company and in 5c. of Payments Section, through the purchase of an annuity policy from The Prudential Insurance Company of America (hereinafter referred to as "Annuity Issuer"). The Defendant or the Assignees shall be the sole owner of the annuity policy and shall have all rights of ownership. The Defendant or the Assignees may have Annuity Issuers mail payments directly to the Payee. The Claimant shall be responsible for maintaining a current mailing address for Payee with the Assignees.

DISCHARGE OF OBLIGATION

The ob ligation of the Defendant and/or Assignee to make each Periodic Payment shall be discharged upon the mailing of a valid check or electronic funds transfer in the amount of such payment to the designated address of the Payee named above in 5 b and 5 c of this Settlement Agreement. If a Payee or beneficiary notifies the Assignee s that any check or electronic funds transfer was not received, the Assignee s shall direct the Annuity Issuer to initiate stop payment action and, upon confirmation that the check was not previously negotiated or electronic funds transfer deposited, the Annuity Issuer (s) shall process a replacement payment in the amount of such payment to the designated address of the Payee or beneficiary.

6. This Settlement Agreement and Release is binding upon PLAINTIFF’s executors, heirs, trustees, and successors in interest.

7. Settlement drafts to PLAINTIFF shall be made payable as described in paragraph 5(a) above. PLAINTIFF’s attorneys will provide a completed W -9 Form to DEFENDANT S’ attorneys for issuance of the settlement draft s. PLAINTIFF’s attorneys will also provide any requested documents related to Medicare, Medicaid, or other government benefits. Following payment of the SETTLEMENT FIGURE, PLAINTIFF’S attorneys will file or forward a Request for Dismissal to DEFENDANTS’ counsel , with prejudice, of the Action as to DEFENDANTS 96 - 5 -

only (i.e., PLAINTIFF’s Complaint as against CITY OF MURRIETA) within seven (7) calendar days of confirmation of deposit of the SETTLEMENT FIGURE to the various payees.

8. FEES AND COSTS. The PARTIES each agree to bear all their own fees and costs incurred in connection with the Action.

9. RESOLUTION OF LEGAL ACTION. The PARTIES agree not to file and/or make any additional actions, cause(s) of action, claims, demand s, seek any damages, expenses and compensation, as against any other PARTY, on account of, arising from, or in any way growing out of or related to the INCIDENT, or which were or could have been alleged in the A ction. The foregoing does not apply to any C laims f or damages or indemnity that the PARTIES may have against SOUTHERN CALIFORNIA GAS COMPANY in the ACTION or any case including any of the other cases which have been consolidated and/or related to the ACTION.

10. This Agreement is contingent upon an Ord er by the Court that the settlement is in good faith and that the Cross-Complaint by Defendant SOUTHERN CALIFORNIA GAS COMPANY is therefore dismissed.

11. FULL SATISFACTION. Except as otherwise provided herein, the compromise fully and completely satisfies , w ithout limitation, any and all of PLAINTIFF’S claims for attorneys’ fees, medical and dental expenses, personal injuries, past and future loss of earnings, loss of consortium, damages, costs, and/or interest against DEFENDANT S, and any of their agents, representatives, employees, insurers, arising in any way from all claims which were or could have been asserted in the Action. Further, PLAINTIFF specifically agrees to bear his own costs, medical expenses, dental expenses, fees, attorney’s fees, and other expenses of whatever nature, except as expressly provided herein.

12. AUTHORITY TO RELEASE . PLAINTIFF represents and warrants that he is duly authorized and empowered to execute the RELEASE and ha s not assigned, sold, pledged, encumbered, or transferred to anyone any of the claims assigned and/or released hereby, and that he will not assign, sell, pledge, encumber, or transfer (except by operation of law) any of their claims. PLAINTIFF hereby warrants and agrees to indemnify and hold DEFENDANTS, its/their successors, representatives, assigns, and Released Parties harmless from and against any and all claims, damages, costs, fees , expenses, liens on account of, or any way growing out of, any and all such known and unknown assignments, sales, pledges, encumbrance s, and/or transfers, including without limitation attorneys’ fees and costs.

13. REPRESENTATION AND AGREEMENT RE: LIENS AND MEDICARE:

It is agreed that PLAINTIFF shall be solely responsible for any and all liens and Third Party claims, of any kind, nature, an d/or am ount, alleged to be related to or resulting from the INCIDENT. Further, t he PARTIES have been advised and fully understand that conditional payments, including the benefits paid by Medicare and Medi-Cal up to the date of settlement, are the sole re sponsibility of the PLAINTIFF and must be satisfied out of the SETTLEMENT FIGURE. It will be the responsibility of PLAINTIFF to resolve all outstanding conditional payments owed to Medicare or any other lien claimant. PLAINTIFF agrees to indemnify, defend 97 - 6 -

and ho ld the DEFENDANTS and the Released Parties harmless from any action by Medicare/CMS or any ot her lienholder / claimholder seeking payment of past medical expenses/conditional payments, and from all ot her liens or claims for reimbursement arising out of, or related to, the Action, including but not limited to any workers compensation claim.

14. The Settling PARTIES have also addressed Medi care’s right of recovery for possible future medicals. It is agreed that a ll future medical care and costs are the so le responsibility of PLAINTIFF and he agrees to indemnify, defend and hold DEFENDANTS and the Released Parties harmless from any action by Medicare seeking payment or reimbursement for post-settlement medical payments. This settlement is based upon a good faith determination of the PARTIES in order to resolve a questionable claim. The PARTIES have attempted to resolve this matter in compliance with both state and federal law and it is believed that the settlement terms adequately consider Medicare’s inter est and do not reflect any attempt to shift responsibility of treatment to Medicare pursuant to 42 U.S.C. §1395(y)(b). The PARTIES acknowledge and understand that any present or future action or decision by Medicare on this settlement, or on PLAINTIFF’s eligibility or entitlement to Medicare or Medicare payments, will not render this RELEASE void or ineffective, or in any way affect the finality of this liability settlement.

15. COVENANT. After payment of the SETTLEMENT FIGURE, and filing of the Request for D ismissal as to DEFENDANTS, PLAINTIFF hereby covenants and promises that no claims shall be made, and no action, claims, lawsuit or furt her proceeding shall be commenced against DEFENDANTS based upon or arising out of the INCIDENT or injuries or damages incurred in the INCIDENT that are the subject of the Action.

16. NO ADMISSION. It is understood and agreed that in making the RELEASE, the PARTIES acknowledge that the compromise reached shall not be construed as an admission of the sufficiency of any of their respective claims, defenses, allegations, assertions, or contentions, the existence of any alleged dangerous condition of public property or negligence, the existence of any contractual right to defense or indemnity, all of which are expressly denied.

17. FACTS MAY TURN OUT DIFFERENT THAN BELIEVED . The PARTIES fully understand that the injuries and/or damages and/or claims alleged as a result of the INCIDENT may turn out to be greater than, or different from, that now believed, and that o ther damages or lien rights may exist of which the PARTIES may not be presently aware. By the RELEASE, the PARTIES expressly assume the risk of potential unknown damage, and expressly warrant that the RELEASE shall not be subject to termination or rescission because of any su ch unknown damage or other rights.

18. WAIVER. Furt her, PLAINTIFF expressly waives all rights under Section 1542 of the California Civil Code which provides as follows:
a. “GENERAL RELEASE – CLAIMS EXTINGUI SHED: A GENERAL RELEASE

DOES NOT EXTEND TO CLAIMS THAT T HE CRED ITOR OR RELEASING

PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR

AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY 98 - 7 -

HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER
SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY”.
b. PLAINTIFF understands and acknowledge s that a risk exists that he incurred or suffered or may incur or suffer, loss or damages as a result of the matters, facts, events, occurrences, transactions, causes and things referred to in this RELEASE which were unknown, unsu spected or unanticipated at the time this RELEASE was executed. PLAINTIFF assumes this risk and agree s that the foregoing waiver(s) and/or Release(s) shall in all respects be effective and not subject to termination or rescission.
c. BASED UPON THE ADVICE OF COUNSEL, PLAINTIFF VOLUNTARILY, AND

WITH FULL KNOWLEDGE OF ITS SIGNIFICANCE, WAIVE S AND

RELINQUISHES, AS TO DEFENDANTS ONLY, ANY AND ALL RIGHTS THAT HE MAY HAVE UNDER SECTION 1542 AS WELL AS UNDER THE

PROVISIONS OF ALL COMPARABLE, EQUIVALENT OR SIMILAR

STATUTES AND PRINCIPLES OF COMMON LAW OR OTHER DECISIONAL LAW OF ANY AND ALL STATES OF THE UNITED STATES.

19. LEGAL REPRESENTATION. In executing the RELEASE, the PARTIES acknowledge and certify that they have relied solely upon his/her/its/their own judgment, beliefs, and knowledge, ha ve had the opportunity to consult with an attorney and , with the advice of his/her/its/their independently selected attorney concerning the nature, extent, and duration of his/her/its/their rights and claims in connection with the RELEASE (and including all law referenced), have had his/her/its/their rights fully explained to him/her/it/them by his/her/its/their counsel, which are completely understood. The terms of the RELEASE have been drawn by mutual cooperation between the PART IES; therefore, the RELEASE shall not be construed for or against any of the PARTIES by reason of his/her/its/their participation, or lack of participation, in the drafting of the RELEASE.

20. VOLUNTARY EXECUTION . Each of the PARTIES to this RELEASE warrant and certify that he/she/it/they have entered into the RELEASE freely, voluntarily, and of his/her/its/their own volition without fraud, duress, or undue influence. Each of the PARTIES to this RELEASE has read the RELEASE in its entirety knows the contents thereof and signs the RELEASE as his/her/its/their own free act. The PARTIES also acknowledge that, because it has been reached after thorough negotiation and bargaining, the compromise which forms the basis of the RELEASE represents a full, final, and agreeable settlement.

21. ENTIRE RELEASE. The RELEASE contains the entire agreement between the PARTIES regarding the Action, and its terms are contractual and not merely a recital. No other promise, agreement, or inducement, written or oral, express or implied , has been made or exists between the PARTIES concerning the subject matter of the Action.

22. SEVERABILITY. If any provision of the RELEASE is held to be invalid or unenforceable, the remaining portion of the RELEASE shall continue to be valid and will be performed, construed, and fully enforced to the fullest extent permitted by law, and the invalid or 99 - 8 -

unenforceable term shall be deemed amended and limited in accordance with the intention of the PARTIES, as determined from the face of the RELEASE, to the ex tent necessary to permit the maximum enforceability or validation of the term or provision.

23. MODIFICATION. This RELEASE may not be amended or modified except by a written instrument executed by all the PARTIES to this RELEASE.

24. JURISDICTION AND GOVERNING LAW . The RELEASE shall be interpreted, construed, governed, and enforced under and pursuant to the laws of the State of California. Any action to enforce any term or condition of the RELEASE shall be brought in the Orange County Superior Court which shall h ear or determine any such dispute. The prevailing party shall be entitled to reasonable costs and attorney’s fees.

25. EXECUTION IN COUNTERPARTS/FACSMILE/ELECTRONIC COPIES OF SIGNATURES. This RELEASE may be executed in counterparts with the same effect as if all ori ginal signatures were placed on one document and which, when taken together, shall constitute one original agreement. Facsimile copies and/or electronic copies of signatures to this RELEASE, including those made through DocuSign, Adobe Acrobat or th e like, will be treated as an original signature and will have the same effect as an original signature. A photocopy, facsimile copy, or electronic copy of this RELEASE, or any part thereof, may be substituted in place of the original version of the same.

26. COURT T O RETAIN JURISDICTION TO ENFORCE THIS
AGREEMENT; ENFORCEMENT; REMEDIES. This RELEASE constitutes a stipulation in writing pursuant to California Code of Civil Procedure § 664.6. The PARTIES agree that the Riverside Superior Court shall retain jurisd iction over the PARTIES to interpret and enforce the settlement and/or this RELEASE until performance in full of the terms of this RELEASE.

Pursuant to California Evidence Code § 1123, this RELEASE shall be admissible, without objections, for the sole purpose of interpreting and enforcing this RELEASE, if need be.

All PARTIES shall be entitled to all remedies available at law or in equity for any violation of the RELEASE, including but not limited to the remedy of specific performance, and the PARTIES int end that the RELEASE shall be enforceable in the event of a material breach hereof. If any motion, proceeding, or action is brought to enforce the RELEASE, or is brought in connection with any dispute arising out of the RELEASE or the claims which are the subject of the RELEASE, the prevailing PARTY(IES) shall be entitled to recover damages, reasonable attorneys’ fees, and other costs incurred in such litigation, in addition to any other relief which that PARTY(IES) may be entitled to by law and/or equity.

IN WITNESS WHEREOF , the undersigned, with a full understanding of the terms contained herein and the significance of the same, have executed this RELEASE and agree to the terms herein on the date affixed by their signature(s), and thereby warrant, agree, a nd promise to be bound by its terms.
100

- 9 -

BY SIGNING THIS RELEASE WHERE INDICATED BELOW I CERTIFY

THAT I UNDERSTAND AND HAVE READ (OR BEEN READ TO) THE FOREGOING RELEASE IN ITS ENTIRETY INCLUDING CIVIL CODE SECTION 1542 QUOTED IN SECTION 16, THAT I FULLY UNDERS TAND ALL THE WORDS, LANGUAGE,

TERMS AND CONDITIONS CONTAINED IN THIS RELEASE, THAT I HAVE

CONSULTED WITH COUNSEL OF MY OWN CHOICE, AND THAT I AGREE TO BE BOUND BY ALL THE TERMS AND CONDITIONS IN THIS RELEASE.

APPROVED AND AGREED:

PLAINTIFF:

Dated:

ANTHONY BOREL

CITY OF MURRIETA

Dated:

Justin Clifton, City Manager

ATTEST:

_________________________________
Cristal McDonald, City Clerk

APPROVED AS TO FORM ONLY:

ROBERTS JEANDRON INJURY LAW

DATED: ______________________ ___________________________________ Jeff Roberts
Michael Jeandron
Attorneys for PLAINTIFF Anthony Borel

BREMER WHYTE BROWN & O'MEARA,
LLP

DATED: ______________________ ___________________________________ Kevin Wheeler
Attorney for Defendant, CITY OF MURRIETA and

MURRIETA FIRE PROTECTION DISTRICT
101

CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. 5.

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

Approval of an Agreement with Granicus Inc. for Agenda Management Services and Public Records Act Request Management Software

RECOMMENDATION
Ratify the agreement with Granicus Inc. for agenda management services and the Public Records Act request module; and
Authorize the City Manager to approve future renewals for four (4) years for a not-to-exceed total of $243,078.16.

PRIOR ACTION/VOTE
On June 18, 2024, the City Council approved a renewal with Granicus Inc., for GOVQA public records request software (Vote: 5-0).

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

BACKGROUND
OnBase Agenda Management
The City Clerk is the local official that serves as a neutral liaison between citizens and government by ensuring transparent processes. The City Clerk is responsible for producing, publishing, and archiving City Council meeting agendas, reports, and all associated materials and attachments for the formal public meetings. This also includes ensuring the public has access to the meetings of the advisory bodies, including Planning Commission, Parks and Recreation Commission, Library Advisory Commission, Traffic Commission, and the Transaction and Use Tax (Measure T) Oversight Committee.

Approximately 105 city staff members from all of the various city departments participate in preparing, reviewing, and publishing the agenda reports for the City Council and the advisory bodies, which necessitates CITY OF MURRIETA Printed on 3/13/2025Page 1 of 3
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3/18/2025
Agenda Item No. 5.
reviewing, and publishing the agenda reports for the City Council and the advisory bodies, which necessitates using an agenda preparation and management software to route for review and archive.

For this purpose, prior to 2023, the City of Murrieta used Hyland-Unity OnBase Agenda Management software.

In 2021, the City Clerk conducted an internal assessment of the agenda management software and identified deficiencies and concerns, including internal staff dissatisfaction, cumbersome controls, and lack of accessibility. Following the assessment and feedback from internal stakeholders, the City Clerk determined that an alternate software was the solution.

Due to the specialization and key features of the software sought, which included public accessibility; streaming capacity; public/internal portals, the ability to modify features independently and live streaming and archiving Commission, Committee, and Board (CCB) meetings, in 2022, the City Clerk conducted an informal request for proposals.

After reviewing the three proposals submitted, the City Clerk held a live demonstration of each software with frequent agenda management end-users, who were able to ask questions and provide feedback. Granicus Inc., a leading company in governmental service solutions that provide government transparency and civic engagement, was determined to best meet the city’s needs, specifically its Legistar software.

In 2022, the City entered into an agreement with Granicus Inc. for agenda management software, streaming services, and CCB management.

Public Records Act Request Platform - Granicus
The California Public Records Act is California State law which establishes that public agencies must make certain city records available to the public upon request within a reasonable amount of time. Annually, the City of Murrieta averages 750 Public Records Act Requests (PRARs), spanning all city departments, requiring significant staff time to gather the necessary documents and to ensure responsiveness in a timely manner.

This is a critical process, as failure to comply appropriately potentially creates significant legal exposure for the city. Considering the volume and importance of this responsibility, the city uses a software platform to manage this process.

Since 2018, GOVQA, a product of Granicus Inc., has been utilized by the City Clerk Department. GOVQA is a Public Records Act Request (PRAR) exchange platform, which is a centralized, secure enterprise workflow software to help governments manage, process, and fulfill PRARs. GovQA allows members of the public to submit a records request and enables city staff to assign, track, and produce records while keeping a central, secure database of requests.

In addition to the GOVQA software, Granicus Inc. provides its agenda management system, Legistar. Legistar allows for streamlined functions (which include customizable agenda reports, workflows, out-of-office options, etc.) that enable a more efficient agenda process and management of CCB recruitment and current members.

More importantly, Legistar allows for administrative control and allows the meetings for CCBs to be in a centralized area where community members can review agendas and agenda reports, as well as live stream meetings and view the archive of prior ones similar to City Council meetings.

Agreement with Granicus
As part of the City Clerk Department's goal to increase organizational accessibility and internal efficient processes, in 2022, the city entered into an agreement with Granicus Inc. for agenda management software, streaming services, and CCB management. As part of this agreement, the City Clerk added additional modules to better enhance the responsiveness and tracking of PRARs.

CITY OF MURRIETA Printed on 3/13/2025Page 2 of 3
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Agenda Item No. 5.

Specific to Legistar, the agreement included one-time fees for equipment associated with live-streaming meetings and initial configuration costs. In 2023, the aggregate of annual payments exceded City Manager signing authority and, as such, staff is requesting ratification of the agreement.

The below table lists the initial pricing outlined in the Master Subscription Agreement:

Year Cost Notes
2022 $49,978 One-time fees and new subscription fees; City Manager authority;
2023 $45,347.40 Annual subscription; Exceeds City Manager authority
2024 $47,614.77 Annual subscription; Exceeds City Manager authority
Total: $142,940.17
Per the master subscription agreement, the annual cost shall increase by up to 10 (ten) percent each year.

The table below outlines the future totals with the maximum 10 percent increase. The prices below include the module for GOVQA. City Council approval is needed for the expenditure amount since the cost for Granicus Inc. (both as GOVQA and Legistar) exceed the City Manager's signing authority.

Year Cost Notes
2025 $52,376.25 Annual Subscription
2026 $57,613.87 Annual Subscription
2027 $63,375.26 Annual Subscription
2028 $69,712.78 Annual Subscription
Total: $243,078.16
Staff recommends ratifying the 2022 Master Subscription Agreement for Legistar and authorizing the City Manager to approve future renewals for four years, for a total not to exceed $243,078.16. This purchase is exmpt from competitive bidding requirements pursuant to Murrieta Municipal Code (MMC) Section 3.08.280(I) for the acquisition of information technology supplies, equipment, or services including, but not limited to, the acquisition of software and related services.

FISCAL IMPACT
Funding is available in the Fiscal Year 2024/25 Operating Budget in General Ledger Account 1102400-60920.

The budget for the remaining years of the agreement will be included in the normal biennial budget development process.

ATTACHMENTS

1. Master Subscription Agreement
CITY OF MURRIETA Printed on 3/13/2025Page 3 of 3
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Master Subscription Agreement
This Master Subscription Agreement (“Agreement) is made by and between the party procuring Granicus Products and Services (“Client”) and Granicus, LLC, a Minnesota Limited Liability Company d/b/a Granicus (“Granicus”). Client and Granicus may each be referred to herein as “Party” or collectively as “Parties”.

By accessing the Granicus Products and Services, Client accepts this Agreement. Due to the rapidly changing nature of digital communications, this Agreement may be updated from time to time at Granicus’ sole discretion. Notification to Client will be via email or posting to the Granicus website.

1. Definitions. In addition to terms defined elsewhere in this Agreement, the following terms shall have the meaning specified:
“Agreement Term” means the total time covered by the Initial Term and all Extension Terms for each Order or SOW under this Agreement, further specified in Section 7.1. “Extension Term” means any term that increases the length of the Initial Term of this Agreement or an Order Term of an Order or SOW.
“Granicus Products and Services”means the products and services made available to Client pursuant to this Agreement, which may include Granicus products and services accessible for use by Client on a subscription basis (“Software-as-a-Service” or “SaaS”), Granicus professional services, content from any professional services or other required equi pment components or other required hardware, as specified in each Order or SOW.
“Initial Term” shall have the meaning specified in Exhibit A or Order or SOW between Granicus and Client for the first duration of performance that Client has access to Granicus Products and Services. “Order” means a written order, proposal, or purchase document in which Granicus agrees to provide and Client agrees to purchase specific Granicus Products and Services. “Order Term” means the then-current duration of performance identified on each Order or SOW, for which Granicus has committed to provide, and Clie nt has committed to pay for, Granicus Products and Services.
“Statement of Work”or “SOW” means a written order, proposal, or purchase document that is signed by both Parties and describes the Granicus Products and Services to be provided and/or performed by Granicus. Each Order or SOW shall describe the Parties’ performance obligations and any assumptions or contingencies associated with th e implementations of the Granicus Products and Services, as specified in each Order or SOW placed hereunder. “Support” means the ongoing support and maintenance services performed by Granicus related to the Granicus Products and Services as specified in each Order or SOW placed between the Parties.

2. Ordering and Scope

2.1. Ordering Granicus Products and Services. The Parties may execute one or more Order or SOW related to the sale and purchase of Granicus Products and Services. Each Order or SOW will generally include an itemized list of the Granicus Products and Services as well as the Order Term for such Granicus Products and Services. Each Or der or SOW must, generally, be signed by the Parties; although, when a validly-issued purchase order by Client accompanies the Order or SOW, then the Order or SOW need not be executed by the Parties. Each Order or SOW shall be governed by this Agreement regardless of any pre-printed legal terms on each Order or SOW, and by this reference is incorporated herein.

Denver, CO
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800.314.0147
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800.314.0147
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2.2. Support. Basic support related to standard Granicus Products and Services is included within the fees paid during the Order Term. Granicus ma y update its Support obligations under this Agreement, so long as the functionality purchased by Client is not materially diminished.

2.3. Future Functionality. Client acknowledges that any purchase hereunder is not contingent on the delivery of any future functionality or features.

2.4. Cooperative Purchasing. To the extent permitted by law and approved by Client, the terms of this Agreement and set forth in one or more Or der or SOW may be extended for use by other municipalities, school districts and governmental agencies upon execution of an addendum or other duly signed writing setting forth all of the terms and conditions for such use. The applicable fees for additional municipalities, school district s or governmental agencies will be provided by Granicus to Client and the applicable additional party upon written request.

3. Use of Granicus Products and Services and Proprietary Rights

3.1. Granicus Products and Services. The Granicus Products and Services are purchased by Client as subscriptions during an Order Term specified in each Order or SOW. Additional Granicus Products and Services may be added during an Order Term as described in Section 2.1.

3.2. Permitted Use. Subject to the terms and conditions of this Agreement, Granicus hereby grants during each Order Term, and Client hereby accepts, solely for its internal use, a worldwide, revocable, non-exclusive, non-transferrable right to use the Granicus Products and Services to the extent allowed in the relevant Order or SOW (collectively the “Permitted Use”).

3.2.1. Data Sources. Data uploaded into Granicus Products and Services must be brought in from Client sources (interactions with end users and opt-in contact lists). Client cannot upload purchased contact information into Granicus Products and Services without Granicus’ written permission and professional services support for list cleansing.

Granicus certifies that it will not sell, retain, use, or disclose any personal information provided by Client for any purpose other than the specific purpose of performing the Services outlined within this Agreement.

3.2.2. Passwords. Passwords are not transferable to any third party. Client is responsible for keeping all passwords secure and all use of the Granicus Products and Services accessed through Client’s passwords.

3.2.3. Content. Client can only use Granicus Products and Services to share content that is created by and owned by Client and/or cont ent for related organizations provided that it is in support of other organizations but not as a primary communication vehicle for other organizations that do not have a Gr anicus subscription. Any content deemed inappropriate for a public audience or in support of programs or topics that are unrelated to Client, can be removed or limited by Granicus.

3.2.3.1. Disclaimers. Any text, data, graphics, or any other material displayed or published on Client’s website must be free from violation of or infringement of copyright, trademark, service mark, patent, trade secret, statutory, common law or proprietary or intellectual property rights of others. Granicus is not responsible for content migrated by Client or any third party.

3.2.4. Advertising. Granicus Products and Services shall not be used to promote products or services available for sale through Client or any third party unless approved in writing, in advance, by Granicus. Granicus reserves the right to request and review the details of any agreement between Client and a third party that compensates Client for the right to have information included in Content distri buted or made available through Granicus Products and Services prior to approving th e presence of Advertising within Granicus Products and Services.







 







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3.2.5. Granicus Subscriber Information for Communications Cloud Suite only

3.2.5.1. Data Provided by Client. Data provided by Client and contact information gathered through Client’s own web properties or activities will remain the property of Client (“Direct Subscriber”), including any and all personally identifiable information (PII). Granicus will not release the data without the express written permission of Client, unless required by law.

3.2.5.2. Granicus shall not disclose the client’s data except to any third parties as necessary to operate the Granicus Products and Services (provided that the client hereby grants to Granicus a perpetual, noncancelable, worldwide, non- exclusive license to utilize any data, on an anonymous or aggregate basis only, that arises from the use of the Granicus Products and Services by the client, whether disclosed on, subsequent to, or prior to the Effective Date, to improve the functionality of the Granicus Products and Services and any other legitimate business purpose including the right to sublicense such data to third parties, subject to all legal restrictions regarding the use and disclosure of such information).

3.2.5.3. Data Obtained through the Granicus Advanced Network

3.2.5.3.1. Granicus offers a SaaS product, known as the Communications Cloud, that offers Direct Subscribers recommendations to subscribe to other Granicus Client’s digital communication (the “Advanced Network”). When a Direct Subscriber signs up through one of the recommendations of the Advanced Network, that subscriber is a “Network Subscriber” to the agency it subscribed to through the Advanced Network.

3.2.5.3.2. Access to the Advanced Network is a benefit of the GovDelivery Communications Cloud subscription with Granicus. Network Subscribers are available for use only on the GovDelivery Communications Cloud while Client is under an active GovDelivery Communications Cloud subscription. Network Subscribers will not transfer to Client upon termination of any Granicus Order, SOW or Exhibit. Client shall not use or transfer any of the Network Subscribers after termination of its Order, SOW or Exhibit placed under this Agreement. All information related to Network Subscribers must be destroyed by Client within 15 calendar days of the Order, SOW or Exhibit placed under this Agreement terminating.

3.2.5.3.3. Opt-In. During the last 10 calendar days of Client’s Order Term for the terminating Order, SOW or Exhibit placed under this Agreement, Client may send an opt-in email to Network Subscribers that shall include an explanation of Client’s relationship with Granicus terminating and that the Network Subscribers may visit Client’s website to subscribe to further updates from Client in the future. Any Network Subscriber that does not opt-in will not be transferred with the subscriber list provided to Client upon termination.

3.3. Restrictions. Client shall not:

3.3.1. Misuse any Granicus resources or cause any disruption, including but not limited to, the display of pornography or linking to pornographic material, advertisements, solicitations, or mass mailings to individuals who have not agreed to be contacted; 






 







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3.3.2. Use any process, program, or tool for gaining unauthorized access to the systems, networks, or accounts of other parties, including but not limited to, other Granicus Clients;

3.3.3. Client must not use the Granicus Products an d Services in a manner in which system or network resources are unreasonably denied to other Granicus clients;

3.3.4. Client must not use the Services as a door or signpost to another server.

3.3.5. Access or use any portion of Granicus Products and Services, except as expressly allowed by this Agreement or each Order or SOW placed hereunder;

3.3.6. Disassemble, decompile, or otherwise reverse engineer all or any portion of the Granicus Products and Services;

3.3.7. Use the Granicus Products and Services for any unlawful purposes;

3.3.8. Export or allow access to the Granicus Products and Services in violation of U.S. laws or regulations;

3.3.9. Except as expressly permitted in this Agreement, subcontract, disclose, rent, or lease the Granicus Products and Services, or any portion thereof, for third party use; or

3.3.10.Modify, adapt, or use the Granicus Produc ts and Services to develop any software application intended for resale which uses th e Granicus Products and Services in whole or in part.

3.4. Client Feedback. Client assigns to Granicus any suggestion, enhancement, request, recommendation, correction or other feedback provided by Client relating to the use of the Granicus Products and Services. Granicus may us e such submissions as it deems appropriate in its sole discretion.

3.5. Reservation of Rights.Subject to the limited rights expressly granted hereunder, Granicus and/or its licensors reserve all right, title and interest in the Granicus Products and Services, the documentation and resulting product including al l related intellectual property rights. Further, no implied licenses are granted to Client. The Granicus name, the Granicus logo, and the product names associated with the services are trademarks of Granicus or its suppliers, and no right or license is granted to use them.

4. Payment

4.1. Fees. Client agrees to pay all fees, costs and other amounts as specified in each Order or SOW.

Annual fees are due upfront according to the billing frequency specified in each Order or SOW.

Granicus reserves the right to suspend any Granicus Products and Services should there be a lapse in payment. A lapse in the term of each Order or SOW will require the payment of a setup fee to reinstate the subscription. All fees are exclusive of applicable state, local, and federal taxes, which, if any, will be included in the invoice. It is Client’s responsibility to provide applicable exemption certificate(s).

4.2. Disputed Invoiced Amounts. Client shall provide Granicus with detailed written notice of any amount(s) Client reasonably disputes within thir ty (30) days of the date of invoice for said amount(s) at issue. Granicus will not exercise its rights under 4.1 above if Client has, in good faith, disputed an invoice and is diligently trying to resolve the dispute. Client’s failure to provide Granicus with notice of any disputed invoiced amount(s) shall be deemed to be Client’s acceptance of the content of such invoice.

4.3. Price Increases. Any price increases not negotiated in advance shall be provided by Granicus to Client at least thirty (30) days prior to the end of the Order Term. Upon each yearly anniversary during the term of this Agreement (including the Initial Term, all Extended Terms, and all Order Terms), the Granicus Product and Services fees shall increase from the previous term’s fees by up to ten (10) percent per year.







 







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5. Representations, Warranties and Disclaimers

5.1. Representations. Each Party represents that it has validly entered into this Agreement and has the legal power to do so.

5.2. Warranties. Granicus warrants that it takes all precautions that are standard in the industry to increase the likelihood of a successful performance for the Granicus Products and Services; however, the Granicus Products and Services are provided “AS IS” and as available.

5.3. Disclaimers. EXCEPT AS PROVIDED IN SECTION 5.2 ABOVE, EACH PARTY HEREBY DISCLAIMS ANY

AND ALL OTHER WARRANTIES OF ANY NATURE WHATSOEVER WHETHER ORAL AND WRITTEN,

EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY, TITLE, NON-INFRINGEMENT , AND FITNESS FOR A PARTICULAR PURPOSE.

GRANICUS DOES NOT WARRANT THAT GRANICUS PRODUCTS AND SERVICES WILL MEET CLIENT’S REQUIREMENTS OR THAT THE OPERATION THEREOF WILL BE UNINTERRUPTED OR ERROR FREE.

6. Confidential Information

6.1. Confidential Information. It is expected that one Party (Disclosing Party) may disclose to the other Party (Receiving Party) certain information which may be considered confidential and/or trade secret information (“Confidential Information”). Confidential Information shall include: (i) Granicus’ Products and Services, (ii) non-public information if it is clearly and conspicuously marked as “confidential” or with a similar design ation at the time of disclosure; (iii) non-public information of the Disclosing Party if it is iden tified as confidential and/or proprietary before, during, or promptly after presentation or communication and (iv) any information that should be reasonably understood to be confidential or proprietary to the Receiving Party, given the nature of the information and the context in which disclosed.

Subject to applicable law, each Receiving Part y agrees to receive and hold any Confidential Information in strict confidence. Without limiting the scope of the foregoing, each Receiving Party also agrees: (a) to protect and safeguard the Confidential Information against unauthorized use, publication or disclosure; (b) not to reveal , report, publish, disclose, transfer, copy or otherwise use any Confidential Information except as specifically authorized by the Disclosing Party; (c) not to use any Confidential Information for any purpose other than as stated above; (d) to restrict access to Confidential Information to those of its advisors, officers, directors, employees, agents, consultants, contractors and lobbyists who have a need to know, who have been advised of the confidential nature thereof, and who are under express written obligations of confidentiality or under obligations of confid entiality imposed by law or rule; and (e) to exercise at least the same standard of care and security to protect the confidentiality of the Confidential Information received by it as it protects its own confidential information.

If a Receiving Party is requested or required in a judicial, administrative, or governmental proceeding to disclose any Confidential Information, it will notify the Disclosing Party as promptly as practicable so that the Disclosing Party may seek an appropriate protective order or waiver for that instance.

6.2. Exceptions. Confidential Information shall not include information which: (i) is or becomes public knowledge through no fault of the Receiving Party; (ii) was in the Receiving Party’s possession before receipt from the Disclosing Party; (iii) is rightfully received by the Receiving party from a third party without any duty of confidentiality; (iv) is disclosed by the Disclosing Party without any duty of confidentiality on the third party; (v) is independently developed by the Receiving Party without use or reference to the Disclosing Party’s Confidential Information; or (vi) is disclosed with the prior written approval of the Disclosing Party. 






 







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6.3. Storage and Sending. In the event that Granicus Products and Services will be used to store and/or send Confidential Information, Granicus mu st be notified in writing, in advance of the storage or sending. Should Client provide such notice, Client must ensure that Confidential Information or sensitive inform ation is stored behind a secure interface and that Granicus Products and Services be used only to notify people of updates to the information that can be accessed after authentication against a secure interface managed by Client.

6.4. Return of Confidential Information.Each Receiving Party shall return or destroy the Confidential Information immediately upon written request by the Disclosing Party; provided, however, that each Receiving Party may retain one copy of the Confidential Information in order to comply with applicable laws and the terms of this Agreement. Customer understands and agrees that it may not always be possible to completely remove or delete all personal data from Granicus’ databases without some residual data because of backups and for other reasons.

7. Term and Termination

7.1. Agreement Term. The Agreement Term shall begin on the date of the initial Order or SOW and continue through the latest date of the Order Term of each Order or SOW under this Agreement, unless otherwise terminated as provided in this Section 7. Each Order or SOW will specify an Order Term for the Granicus Products and Services provided under the respective Order or SOW.

Client’s right to access or use the Granicus Products and Services will cease at the end of the Order Term identified within each Order or SOW, unless either extended or earlier terminated as provided in this Section 7. Unless a Party has given written notice to the other Party at least thirty (30) days prior to the end of the then-current Order Term, the Granicus Products and Services will automatically renew at the end ofeach term for an Extension Term of one (1) year.

7.2. Effect of Termination. If the Parties agree to terminate this Agreement and an Order or SOW is still in effect at the time of termination, th en the terms and conditions contained in this Agreement shall continue to govern the outs tanding Order or SOW until termination or expiration thereof. If the Agreement is termin ated for breach, then unless otherwise agreed to in writing, all outstanding Orders or SOWs shall immediately terminate as of the Agreement termination date. Unless otherwise stated in this Agreement, in no event shall Client be entitled to a refund of any prepaid fees upon termination.

7.3. Termination for Cause. The non-breaching Party may terminate this Agreement upon written notice if the other Party is in material breach of this Agreement and fails to cure such breach within thirty (30) days after the non-breaching Party provides written notice of the breach. A Party may also terminate this Agreement immediately upon notice if the other Party: (a) is liquidated, dissolved, or adjudged to be in a state of bankruptcy or receivership; (b) is insolvent, unable to pay its debts as they become due, makes an assignment for the benefit of creditors or takes advantage of any law for the benefit of de btors; or (c) ceases to conduct business for any reason on an ongoing basis leaving no successor in interest. Granicus may, without liability, immediately suspend or terminate any or all Ord er or SOW issued hereunder if any Fees owed under this Agreement are past due pursuant to Section 4.1.

7.4. Rights and Obligations After Termination. In the event of expiration or termination of this Agreement, Client shall immediately pay to Granic us all Fees due to Granicus through the date of expiration or termination.

7.5. Survival. All rights granted hereunder shall terminat e upon the latter of the termination or expiration date of this Agreement, or each Order or SOW. The provisions of this Agreement with respect to warranties, liability, choice of law and jurisdiction, and confidentiality shall survive termination of this Agreement and continue in full force and effect. 






 







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8. Limitation of Liability

8.1. EXCLUSION OF CONSEQUENTIAL AND RELATED DAMAGES. UNDER NO CIRCUMSTANCES SHALL

GRANICUS BE LIABLE FOR ANY SPECIAL, INDIRECT, PUNITIVE, INCIDENTAL, OR CONSEQUENTIAL

DAMAGES, WHETHER AN ACTION IS IN CONTRACT OR TORT AND REGARDLESS OF THE THEORY OF LIABILITY, EVEN IF A PARTY HAS BEEN AD VISED OF THE POSSIBILITY OF SUCH DAMAGES.

FURTHER, GRANICUS SHALL NOT BE LIABLE FOR: (A) ERROR OR INTERRUPTION OF USE OR FOR LOSS OR INACCURACY OR CORRUPTION OF CL IENT DATA; (B) COST OF PROCUREMENT OF SUBSTITUTE GOODS, SERVICES OR TECHNOLOGY; (C) LOSS OF BUSINESS; (D) DAMAGES ARISING

OUT OF ACCESS TO OR INABILITY TO ACCESS THE SERVICES, SOFTWARE, CONTENT, OR RELATED TECHNICAL SUPPORT; OR (E) FOR ANY MATTER BEYOND GRANICUS’ REASONABLE CONTROL,

EVEN IF GRANICUS HAS BEEN ADVISED OF THE POSSIBILITY OF ANY OF THE FOREGOING LOSSES OR DAMAGES.

8.2. LIMITATION OF LIABILITY. EXCEPT FOR CLIENT’S BREACH OF SECTION 3.3, IN NO INSTANCE SHALL EITHER PARTY’S LIABILITY TO THE OTHER PARTY FOR DIRECT DAMAGES UNDER THIS

AGREEMENT (WHETHER IN CONTRACT OR TORT OR OTHERWISE) EXCEED THE FEES PAID BY CLIENT FOR THE GRANICUS PRODUCTS AND SERVICES DURING THE SIX (6) MONTHS

IMMEDIATELY PRECEDING THE DATE THE DAMAGED PARTY NOTIFIES THE OTHER PARTY IN WRITING OF THE CLAIM FOR DIRECT DAMAGES. GRANICUS SHALL NOT BE RESPONSIBLE FOR ANY

LOST PROFITS OR OTHER DAMAGES, INCLUDING DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR ANY OTHER DAMAGES, HOWEVER CAUSED. NEITHER PARTY MAY INSTITUTE

AN ACTION IN ANY FORM ARISING OUT OF NOR IN CONNECTION WITH THIS AGREEMENT MORE THAN TWO (2) YEARS AFTER THE CAUSE OF ACTION HAS ARISEN. THE ABOVE LIMITATIONS WILL NOT LIMIT CLIENT’S PAYMENT OBLIGATIONS UNDER SECTION 4 ABOVE.

9. Indemnification

9.1. Indemnification by Granicus. Granicus will defend Client from and against all losses, liabilities, damages and expenses arising from any claim or suit by a third party unaffiliated with either Party to this Agreement (“Claims”) and shall pay all losses, damages, liabilities, settlements, judgments, awards, interest, civil penalties, and reasonable e xpenses (collectively, “Losses,” and including reasonable attorneys’ fees and court costs), to the extent arising out of any Claims by any third party that Granicus Products and Services infringe a valid U.S. copyright or U.S. patent issued as of the date of the applicable Order or SOW. In the event of such a Claim, if Granicus determines that an affected Order or SOW is likely, or if the solution is determined in a final, non- appealable judgment by a court of competent jurisdiction, to infringe a valid U.S. copyright or U.S. patent issued as of the date of the applicable Order or SOW, Granicus will, in its discretion:
(a) replace the affected Granicus Products and Services; (b) modify the affected Granicus Products and Services to render it non-infringing; or (c) terminate this Agreement or the applicable Order or SOW with respect to the af fected solution and refund to Client any prepaid fees for the then-remaining or unexpired port ion of the Order or SOW term. Notwithstanding the foregoing, Granicus shall have no obligation to indemnify, defend, or hold Client harmless from any Claim to the extent it is based upon: (i) a modification to any solution by Client (or by anyone under Client’s direction or control or using logins or passwords assigned to Client); (ii) a modification made by Granicus pursuant to Client’s required instructions or specifications or in reliance on materials or information provided by Client; or (iii) Client’s use (or use by anyone under Client’s direction or control or using loginsor passwords assigned to Client) of any Granicus Products and Services other than in accordance with this Agreement. This section 9.1 sets forth Client’s sole and exclusive remedy, and Granicus’ entire liability, for any Claim that the Granicus 






 







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Products and Services or any other materials prov ided by Granicus violate or infringe upon the rights of any third party.

9.2. Indemnification by Client. Client shall defend, indemnify, and hold Granicus harmless from and against any Claims, and shall pay all Losses, to the extent arising out of or related to (a) Client’s (or that of anyone authorized by Client or usin g logins or passwords assigned to Client) use or modification of any Granicus Products and Services; (b) any Client content; or (c) Client’s violation of applicable law.

9.3. Defense. With regard to any Claim subject to indemnification pursuant to this Section 9: (a) the Party seeking indemnification shall promptly notify the indemnifying Party upon becoming aware of the Claim; (b) the indemnifying Party shall promptly assume sole defense and control of such Claim upon becoming aware thereof; and (c) the indemnified Party shall reasonably cooperate with the indemnifying Party regarding such Claim. Nevertheless, the indemnified Party may reasonably participate in such defense, at its expe nse, with counsel of its choice, but shall not settle any such Claim without the indemnifying Party’s prior written consent. The indemnifying Party shall not settle or compromise any Claim in any manner that imposes any obligations upon the indemnified Party without the prior written consent of the indemnified Party.

9.4. Insurance. Granicus shall procure and obtain, at it s own expense, the Insurance set forth in Exhibit “B”, attached hereto and incorporated herein.

10. General

10.1.Relationship of the Parties. Granicus and Client acknowledge that they operate independent of each other. Nothing in this Agreement shall be deemed or construed to create a joint venture, partnership, agency, or employee/employer rel ationship between the Parties for any purpose, including, but not limited to, taxes or employee benefits. Each Party will be solely responsible for the payment of all taxes and insurance for its employees and business operations.

10.2.Headings. The various section headings of this Agreement are inserted only for convenience of reference and are not intended, nor shall they be construed to modify, define, limit, or expand the intent of the Parties.

10.3.Amendments. This Agreement may not be amended or modified except by a written instrument signed by authorized representatives of both Parties.

10.4.Severability. To the extent permitted by applicable law, the Parties hereby waive any provision of law that would render any clause of this Agreement invalid or otherwise unenforceable in any respect. In the event that a provision of this Agreement is held to be invalid or otherwise unenforceable, such provision will be interpreted to fulfill its intended purpose to the maximum extent permitted by applicable law, and the remaining provisions of this Agreement will continue in full force and effect.

10.5.Assignment. Neither Party may assign, delegate, or otherwise transfer this Agreement or any of its rights or obligations hereunder, either volun tarily or by operation of law, without the prior written consent of the other Party (such consent not to be unreasonably withheld); provided, however, that either Party may assign this Agreement without the other Party’s consent in the event of any successor or assign that has acquired all, or substantially all, of the assigning Party’s business by means of merger, stock purchase, asset purchase, or otherwise. Any assignment or attempted assignment in violation of this Agreement shall be null and void.

10.6.No Third-Party Beneficiaries.Subject to Section 10.5 this Agreement is binding upon, and insures solely to the benefit of the Parties hereto and their respective permitted successors and assigns; there are no third-party beneficiaries to this Agreement.

10.7.Notice. Other than routine administrative communications, which may be exchanged by the Parties via email or other means, all notices, consents, and approvals hereunder shall be in writing and shall be deemed to have been given upon: (a) pers onal delivery; (b) the day of receipt, as shown in the applicable carrier’s systems, if sent via FedEx, UPS, DHL, or other 






 







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nationally recognized express carrier; (c) the third business day after sending by U.S. Postal Service, First Class, postage prepaid, return receipt requested; or (d) sending by email, with confirmed receipt from the receiving party. Either Party may provide the other with notice of a change in mailing or email address in which case the mailing or email address, as applicable, for that Party will be deemed to have been amended.

10.8.Force Majeure. Any delay in the performance by either Party hereto of its obligations hereunder shall be excused when such delay in performance is due to any cause or event of any nature whatsoever beyond the reasonable control of such Party, including, without limitation, any act of God; any fire, flood, or weather condition; any computer virus, worm, denial of service attack; any earthquake; any act of a public enemy, war, insurrection, riot, explosion or strike; provided, that written notice thereof must be given by such Party to the other Party within twenty (20) days after occurrence of such cause or event.

10.9.Choice of Law and Jurisdiction. This Agreement shall be governed by and interpreted under the laws of the State of Minnesota, without reference to the State’s principles of conflicts of law. The Parties expressly consent and submit to the exclusive jurisdiction of the state and federal courts of Ramsey County, Minnesota.

10.10. Entire Agreement. This Agreement, together with all Orders or SOWs referenced herein, sets forth the entire understanding of the Parties with respect to the subject matter of this Agreement, and supersedes any and all prior oral and written understandings, quotations, communications, and agreements. Granicus and Client agree that any and all Orders or SOWs are incorporated herein by this reference. In the event of possible conflict or inconsistency between such documents, the conflict or inconsistency shall be resolved by giving precedence in the following order: (1) the terms of this Agre ement; (2) Orders; (3) all other SOWs or other purchase documents; (4) Granicus response to Client’s request for RFI, RFP, RFQ; and (5) Client’s RFI, RFP, RFQ. If Client issues a purchase or der, Granicus hereby rejects any additional or conflicting terms appearing on the purchase order or any other ordering materials submitted by Client. Upon request, Granicus shall reference a purchase order number on its invoices, provided, however, that Client acknowledges that it is Client’s responsibility to provide the corresponding purchase order information (including a purchase order number) to Granicus upon the creation of such a purchase order. Client agrees that a failure to provide Granicus with the corresponding purchase order shall not relieve Client of its obligations to provide payment to Granicus pursuant to Section 4.1 above.

10.11. Reference. Notwithstanding any other terms to the contrary contained herein, Client grants Granicus the right to use Client’s name and logo in Client lists and marketing materials.

10.12. Injunctive Relief. Granicus is entitled to obtain injunctive relief if Client’s use of Granicus Products and Services is in violation of any restrictions set forth in this Agreement. [Signatures on Following Page]







 







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1 12/31/2019
CITY OF MURRIETA GRANICUS, LLC, d/b/a GRANICUS

Kim Summers, City Manager Brendan Stierman, Manager, Contracts Attest:

Cristal McDonald, City Clerk
Approved as to Form:

Tiffany Israel, City Attorney
Exhibit A – Granicus Proposal for Murrieta, CA, dated June 24, 2022 Exhibit B – Insurance







 







McDonald, City Clerk
114
408 Saint Peter Street, Suite 600 THIS IS NOT AN INVOICE Order Form Saint Paul, MN 55102 Prepared for
United States Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

Granicus Proposal for Murrieta, CA

ORDER DETAILS
Prepared By: Chloe Scheer
Phone:

Email: [email protected]
Order #: Q-182782
Prepared On: 06/24/2022
Expires On: 06/05/2022
Currency:

USD
Payment Terms: Net 30 (Payments for subscriptions are due at the beginning of the period of performance.)

Period of Performance: The term of the Agreement will commence on the date this document is signed and will continue for 36 months.

The Agreement will begin on date of signature and will continue through the end of the then current billing term, and will continue for an additional 24 months thereafter.

ORDER TERMS
Current Billing Term
End Date:







 







115
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

PRICING SUMMARY
The pricing and terms within this Proposal are specific to the products and volumes contained within this Proposal.







 







116
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

One-Time Fees
Solution Billing
Frequency Quantity/Unit One-Time Fee
Legistar - Setup & Configuration Upon Delivery 1 Each $2,000.00 Legistar - Online Training Upon Delivery 15.5 Hours $0.00 Legistar Administration Group Training Upon Delivery 2 Hours $0.00 Government Transparency - Setup &
Configuration
Up Front 1 Each $0.00
Granicus Encoding Appliance Hardware -

SDI (AMAX) (GT)
Upon Delivery 1 Each $3,500.00
Granicus Video - Online Training Upon Delivery 6 Hours $0.00 Boards and Commissions - Setup &
Configuration
Up Front 1 Each $0.00
Boards and Commissions Online Group
Training
Upon Delivery 1 Hours $0.00
eComment - Online Group Training Upon Delivery 2 Hours $0.00 eComment - Setup and Configuration Up Front 1 Each $0.00 VoteCast Display - Setup and Configuration Up Front 4 Hours $0.00 VoteCast Tablet (ME) - Setup and
Configuration
Up Front 4 Hours $0.00
VoteCast Display CPU (Dell) (ME) Upon Delivery 1 Each $980.00 US Shipping Charge B - Medium Item Upon Delivery 1 Each $60.00 iLegislate Voting - Setup and Configuration Up Front 1 Hours $0.00 Open Platform - Setup and Configuration Up Front 1 Hours $0.00 Send Agenda (Legistar) Set up and Config Up Front 1 Each $0.00 Open Platform - Setup and Configuration Up Front 1 Hours $0.00 Granicus Encoding Appliance Hardware -
Setup & Config
Upon Delivery 1 Each $0.00
US Shipping Charge C - Large Item Upon Delivery 1 Each $125.00 Open Platform - Setup and Configuration Up Front 1 Hours $0.00 VoteCast Display - Setup and Configuration Up Front 4 Hours $0.00 US Shipping Charge C - Large Item Upon Delivery 1 Each $125.00 govDelivery for Integrations Set Up and
Config
Up Front 1 Each $0.00
VoteCast - Online Training Upon Delivery 6 Hours $0.00
SUBTOTAL: $6,790.00







 







117
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

New Subscription Fees
Solution Billing
Frequency Quantity/Unit Annual Fee
Legistar Annual 1 Each $12,936.00
Government Transparency Suite Annual 1 Each $8,352.00
Boards and Commissions Annual 1 Each $9,000.00
eComment Annual 1 Each $2,400.00
VoteCast Standard Package (Tablet) (ME) Annual 1 Each $4,800.00 Open Platform Suite Annual 1 Each $0.00
Send Agenda (Legistar) Annual 1 Each $0.00
Open Platform Suite Annual 1 Each $0.00
Open Platform Suite Annual 1 Each $0.00
govDelivery for Integrations Annual 1 Each $0.00
Granicus Encoding Appliance Software
(GT)
Annual 1 Each $1,200.00
FOIA Module Non Enterprise Annual 1 Each $3,000.00
PST Email Extractor Annual 1 Each $1,500.00
SUBTOTAL: $43,188.00
 Please note, annual fees for new subscriptions will be prorated to align to Client's then-current billing term. Exceptions include Recurring Captioning Services, SMS, and Targeted Messages. 






 







118
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

FUTURE YEAR PRICING
Period of Performance
Solution(s)
Year 2 Year 3
Legistar $13,582.80 $14,261.94
Government Transparency Suite $8,769.60 $9,208.08
Boards and Commissions $9,450.00 $9,922.50
eComment $2,520.00 $2,646.00
VoteCast Standard Package (Tablet) (ME) $5,040.00 $5,292.00 Open Platform Suite $0.00 $0.00
Send Agenda (Legistar) $0.00 $0.00
Open Platform Suite $0.00 $0.00
Open Platform Suite $0.00 $0.00
govDelivery for Integrations $0.00 $0.00
Granicus Encoding Appliance Software (GT) $1,260.00 $1,323.00 FOIA Module Non Enterprise $3,150.00 $3,307.50
PST Email Extractor $1,575.00 $1,653.75
SUBTOTAL: $45,347.40 $47,614.77







 







119
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

PRODUCT DESCRIPTIONS
Solution Description
Legistar Legistar is a Software-as-a-Service (SaaS) solution that enables government organizations to automate the entire legislative process of the clerk’s office. Clerks can leverage Legistar to easily manage the entire legislative process from drafting files, through assignment to various departments, to final approval. Legistar includes:
 Unlimited user accounts
 Unlimited meeting bodies and meeting types
 Unlimited data storage and retention
 Up to one (1) Legistar database
 Up to one (1) InSite web portal
Government Transparency
Suite
Government Transparency are the live in-meeting functions. Streaming of an event, pushing of documents, and indexing of events.

Boards and Commissions Boards and Commissions is a Software-as-a-Service (SaaS) solution that enables government organizations to simplify the citizen application and appointment to boards process of the clerk’s office. Boards and Commissions includes:
 Unlimited user accounts
 Unlimited boards, commissions, committees, and subcommittees  Unlimited storage of citizen applications
 Access to up to one (1) Boards and Commissions site
 Access to customizable, embeddable iFrame websites for displaying information to citizens
 Access to a customizable online citizen application form including board-specific questions
 Customizable forms for board details, appointment details, and internal tracking details
 Pre-designed document PDFs for applications, board details and rosters, and vacancy reports
 Downloadable spreadsheets for easy reporting
Optional custom templates for document or report generation may also be purchased for an additional fee.







 







120
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

Solution Description
eComment eComment reduces staff time by providing the ability to effortlessly collect and manage citizen input on agenda items. Citizens are allowed to either submit comments in regards to items or sign up to speak before a scheduled meeting.

VoteCast Standard Package
(Tablet) (ME)
VoteCast is a hybrid Software-as-a-Service (SaaS) and Hardware-as-a- Service (HaaS) solution that enables government organizations to streamline the meeting process for both the clerk's office as well as elected officials. By leveraging this solution, the client will be able to automate meeting data capture and display – improving accuracy and keeping all attendees informed of meeting proceedings. Available on a variety of hardware as well as the iLegislate platform, elected officials can use their touchscreens or tablets to motion, second, vote, and request to speak. This data automatically populates to the clerk software (LiveManager) ensuring accuracy and reducing workload. As action items occur during the meeting, TVs or projectors hooked up to VoteCast Display will automatically show the current agenda item, motion on the floor, vote result, and speaker timer as well as speaker name. VoteCast includes:
 Unlimited user accounts
 Unlimited meeting bodies
 Access to one Granicus platform site
 Access to the VoteCast software application for elected officials  Access to the VoteCast Display software application to output meeting proceedings to TVs or projectors in the meeting room Open Platform Suite Open Platform is access to MediaManager, upload of archives, ability to post agendas/documents, and index of archives. These are able to be published and accessible through a searchable viewpage.

Send Agenda (Legistar) Send Agenda is dependent on an active subscription to the relevant govMeetings agenda.

Legistar - Setup & Configuration Setup and Configuration for Legistar includes:
 Access to an implementation consultant until project acceptance  Access to existing Web-based recorded trainings around standard account functions and capabilities
 Up to five (5) two-hour needs analysis calls with a business analyst  Up to one (1) Standard Agenda and Minutes report template  Configuration of up to one (1) meeting body or type







 







121
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

Solution Description
Legistar - Online Training Legistar - Online Training is for online training for Legistar, which allows clients to have online sessions with a Granicus trainer to learn how to use the system.

Legistar Administration Group
Training
Legistar Admin - Online Training is for online training for Legistar Administration, which allows clients to have online sessions with a Granicus trainer to learn how to use the system.

Open Platform Suite Open Platform is access to MediaManager, upload of archives, ability to post agendas/documents, and index of archives. These are able to be published and accessible through a searchable viewpage.

Government Transparency -
Setup & Configuration
Setup and Configuration for Government Transparency Suite includes implementation of:
 Up to one (1) View Page and Player template
 Up to one (1) Live Manager configuration
Granicus Encoding Appliance
Hardware - SDI (AMAX) (GT)
AMAX Encoder with Osprey SDI Card. Used to pass commands and data from LiveManager that include Start/Stop of webcast, indexing, and document display. Also serves to distribute video and captions to be distributed to the CDN or Performance Accelerator.

Granicus Video - Online Training Granicus Video - Online Training Open Platform Suite Open Platform is access to MediaManager, upload of archives, ability to post agendas/documents, and index of archives. These are able to be published and accessible through a searchable viewpage.

Boards and Commissions -
Setup & Configuration
Setup and Configuration for Boards and Commissions includes:
 Configuration of up to one (1) Boards and Commissions site  Up to one (1) data import of historical legacy data from a previous system into Boards and Commissions
Boards and Commissions Online
Group Training
Boards and Commissions - Online Group Training is for Group training of Boards and Commissions, which allows clients to have up to six (6) users participate in online Group sessions with a Granicus trainer and other client users, to learn how to use the system.







 







122
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

Solution Description
eComment - Online Group
Training
eComment - Online Group Training is for Group training of eComment, which allows clients to have up to six (6) users participate in online Group sessions with a Granicus trainer and other client users, to learn how to use the system.

VoteCast Display - Setup and
Configuration
Implementation includes:
 Access to an implementation consultant until project acceptance  Design service for VoteCast Display template updates
 Access to video-based trainings around standard account functions and capabilities
The implementation process takes four to six weeks, on average, depending on the availability of stakeholders.

VoteCast Tablet (ME) - Setup
and Configuration
Implementation includes:
 Access to an implementation consultant until project acceptance  VoteCast installation on one of the following hardware setups: Dell CPU and ELO Touchscreens, Microsoft Surface tablets, or iLegislate- enabled devices
 Access to video-based trainings around standard account functions and capabilities
The implementation process takes four to six weeks, on average, depending on the availability of stakeholders.

VoteCast Display CPU (Dell)
(ME)
Dell CPU hardware for VoteCast Display that outputs meeting information like current agenda item or vote results to displays in the meeting room such as TVs or projectors.

US Shipping Charge B - Medium
Item
US shipping of a medium item
iLegislate Voting - Setup and
Configuration
Setup and configuration of iLegislate Voting
Open Platform - Setup and
Configuration
Setup and configuration for Open Platform







 







123
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

Solution Description
govDelivery for Integrations Send notification bulletins directly to constituents who subscribe to receive updates directly through Granicus (powered by govDelivery). Receive a monthly metrics report delivered via email to show subscriber growth and engagement activity for the past month of bulletin sends, and grow subscribers through access to the Granicus Advanced Network.

Note: govDelivery integrations is dependent on an active subscription to the relevant govMeetings agenda or govAccess CMS solutions.

Open Platform - Setup and
Configuration
Setup and configuration for Open Platform
Granicus Encoding Appliance
Software (GT)
Granicus Encoding Appliance Software (GT) This includes the LiveManager Software solution where webcasts are started/stopped, agendas amended and indexed, votes and attendance recorded, and minutes created.

Granicus Encoding Appliance
Hardware - Setup & Config
Remote configuration and deployment of an encoding appliance.

US Shipping Charge C - Large
Item
US shipping of a large item
Open Platform - Setup and
Configuration
Setup and configuration for Open Platform
VoteCast Display - Setup and
Configuration
Implementation includes:
 Access to an implementation consultant until project acceptance  Design service for VoteCast Display template updates
 Access to video-based trainings around standard account functions and capabilities
The implementation process takes four to six weeks, on average, depending on the availability of stakeholders.

US Shipping Charge C - Large
Item
US shipping of a large item







 







124
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

Solution Description
FOIA Module Non Enterprise FOIA Module Non Enterprise
PST Email Extractor PST Email Extractor
VoteCast - Online Training Virtual training session with a. Granicus professional services trainer

GRANICUS ADVANCED NETWORK AND SUBSCRIBER INFORMATION
 Granicus Communications Suite Subscriber Information. o Data provided by the Client and contact information gathered through the Client's own web properties or activities will remain the property of the Client ('Direct Subscriber'), including any and all personally identifiable information (PII). Granicus will not release the data without the express written permission of the Client, unless required by law. o Granicus shall: (i) not disclose the Client's data except to any third parties as necessary to operate the Granicus Products and Services (provided that the Client hereby grants to Granicus a perpetual, non-cancelable, worldwide, non-exclusive license to utilize any data, on an anonymous or aggregate basis only, that arises from the use of the Granicus Products by the Client, whether disclosed on, subsequent to, or prior to the Effective Date, to improve the functionality of the Granicus Products and any other legitimate business purpose, including the right to sublicense such data to third parties, subject to all legal restrictions regarding the use and disclosure of such information).
 Data obtained through the Granicus Advanced Network.
o Granicus offers a SaaS product, known as the Communications Cloud, that offers Direct Subscribers recommendations to subscribe to other Granicus Client's digital communication (the 'Advanced Network'). When a Direct Subscriber signs up through one of the recommendations of the Advanced Network, that subscriber is a 'Network Subscriber' to the agency it subscribed to through the Advanced Network.
o Network Subscribers are available for use while the Client is under an active subscription with Granicus. Network Subscribers will not transfer to the Client upon termination of any Granicus Order, SOW, or Exhibit. The Client shall not use or transfer any of the Network Subscribers after termination of its Order, SOW, or Exhibit placed under this agreement. All information related to Network Subscribers must be destroyed by the Client within 15 calendar days of the Order, SOW, or Exhibit placed under this agreement terminating. o Opt-In. During the last 10 calendar days of the Client's subscription, the Client may send an opt- in email to Network Subscribers that shall include an explanation of the Client's relationship with Granicus terminating and that the Network Subscribers may visit the Client's website to subscribe to further updates from the Client in the future. Any Network Subscriber that does not opt-in will not be transferred with the subscriber list provided to the Client upon termination.

UPDATES TO SHARED SHORT CODES FOR SMS/TEXT MESSAGING (US CLIENTS 






 







125
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

ONLY):
 Granicus will be migrating all clients with SMS/Text Messaging Solutions using a shared short code option to a unique standard toll-free number within the United States (International numbers not supported). Short Codes are recommended for Text-to-Subscribe functionalities, if enabled where available, for an additional fee.
 Client must have explicit opt-in for all destinations sent to and adhere to all CTIA guidelines for the duration of its use.







 







126
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

TERMS & CONDITIONS
 Link to Terms: https://granicus.com/pdfs/Master_Subscription_Agreement.pdf  This quote is exclusive of applicable state, local, and federal taxes, which, if any, will be included in the invoice. It is the responsibility of Murrieta, CA to provide applicable exemption certificate(s).  Granicus certifies that it will not sell, retain, use, or disclose any personal information provided by Client for any purpose other than the specific purpose of performing the services outlined within this Agreement.  Any lapse in payment may result in suspension of service and will require the payment of a setup fee to reinstate the subscription.
 Notwithstanding anything to the contrary, Granicus reserves the right to adjust pricing at any renewal in which the volume has changed from the prior term without regard to the prior term's per-unit pricing.  Granicus will provide a three (3) year warranty with respect to required hardware. Within the three (3) year warranty period, Granicus shall repair or replace any required hardware provided directly from Granicus that fails to function properly due to normal wear and tear, defective workmanship, or defective materials. 






 







127
Order Form
Murrieta, CA
Order #: Q-182782
Prepared: 06/24/2022

BILLING INFORMATION
Billing Contact: Purchase Order
Required?
[ ] - No
[ ] - Yes
Billing Address: PO Number:

If PO required
Billing Email: Billing Phone:

If submitting a Purchase Order, please include the following language:

The pricing, terms, and conditions of quote Q-182782 dated 06/24/2022 are incorporated into this Purchase Order by reference and shall take precedence over any terms and conditions included in this Purchase Order.

AGREEMENT AND ACCEPTANCE
By signing this document, the undersigned certifies they have authority to enter the agreement. The undersigned also understands the services and terms.

Murrieta, CA
Signature:
\s1\
Name:
\n1\
Title:
\t1\
Date:
\d1\







 







128
Exhibit B – Insurance

1. Insurance. Granicus, LLC. shall not begin the services under this Agreement until it has: (a) obtained, and upon City's request, provided to the City, insurance certificates reflecting evidence of all insurance, including copies of supporting policy documentation, as required in this Section; (b) obtained City approval of each company or co mpanies as required by this Section; and (c) confirmed that all policies contain the specific provisions required in this Section.

1.1. Types of Insurance. At all times during the term of this Agreement, Granicus, LLC. shall maintain insurance coverage as follows:

1.1.1. Commercial General Liability. Commercial General Liability (CGL) Insurance written on an occurrence basis to protect Granicus, LLC. and City against liability or claims of liability which may arise out of this Agreement in the amount of Two Million Dollars ($1,000,000) per occurrence and subject to an annual aggregate of Four Million Dollars ($2,000,000). There shall be no endorsement or modification of the CGL limiting the scope of coverage for either insured vs. insured claims or contractual liability. Additionally, the CGL policy shall expressly provide an endorsement that the City of Murrieta, its officers, employees, and volunteers are additional insureds under the policy.

1.1.2. Worker s’ Compensation. For all of Granicus, LLC. ’s employees who are subject to this Agreement and to the extent required by applicable state or federal law, Granicus, LLC. shall keep in full force and effect a Workers' Compensation policy. That policy shall provide employers' liability coverage as required by applicable state and/or federal Worker s’ Compensation laws, and Granicus, LLC. shall provide an endorsement that the insurer waives the right of subrogation against City and its respective elected offi cials, officers, employees, agents and representatives. In the event a claim under the provisions of the California Workers' Compensation Act is filed ag ainst City by a bona fide employee of Granicus, LLC. participating under this Agreement, Granicus, LLC. agrees to defend and indemnify the City from such claim.

1.1.3. Professional Liability . For all of Granicus, LLC. ’s employees who are subject to this Agreement, Granicus, LLC. shall keep in full force and effect Professional Liability coverage for professional liability with a limit of One Million Dollars ($1,000,000) per claim and One Million Dollars ($1,000,000) annual aggregate. Granicus, LLC. shall ensure both that: (1) the policy retroact ive date is on or before the date of commencement of services under this Agreement; and (2) the policy will be maintained in force for a period of three years after termination of this Agreement or substantial completion of services under this Agreement, whichever occurs last. Granicus, LLC. agrees that for the time period defined above, there will be no changes or endorsements to the policy that increase the City's exposure to loss.

1.2. Cyber Liability. Insurance with limits not less than Two Million Dollars ($2,000,000) per occurrence or claim and Two Million Dollars ($2,000,000) annual aggregate. Coverage shall be sufficiently broad to respond to the duties and obligations as is undertaken by Granicus, LLC. in this Agreement and shall include, but not be limited to, claims involving infringement of intellectual property, including but not limited to infringement of copyright, trademark, trade dress, invasion of privacy violations, information theft, damage to or destruction of electronic information, release of pr ivate information, alteration of electronic information, extortion and network security. The policy shall provide coverage for breach response costs as well as regulatory fines and penalties as well as credit monitoring expenses with limits sufficient to respond to these obligations. The policy shall be in an amount sufficient to cover the full replacement value of damage to, alteration of, loss of, or 






 







129
destruction of electronic data and/or information “property” of City that will be in the care, custody, or control of Granicus, LLC. . Insurer Requirements. All insurance required by express provision of this Agreement shall be carried only by responsible insurance companies that are rated “A-” and “V” or better by the A.M. Best Key Rating Guide, and are licensed to do business in the State of Califo rnia. City will accept insurance provided by non-admitted “surplus lines” carriers only if the carrier is authorized to do business in the State of California.

1.3. Deductibles. All deductible s on any policy shall be the responsibility of Granicus, LLC. and shall be disclosed to City at the time the evidence of insurance is provided.

1.4. Specific Provisions Required. Except for Professional Liability and Cyber Liability, each policy required under this Section shall expr essly provide, and an endorsement shall be submitted to City, that the policies are primary and non-contributory to any insurance that may be carried by City.

1.5. Indemnity Not Limited by Insurance . Granicus, LLC. ’s liabilities, including, but not limited to, Granicus, LLC. ’s indemnity and defense obligations under this Agreement, shall not be deemed limited in any way to the insurance coverage required herein. Maintenance of specified insurance coverage is a material element of this Agreement, and Granicus, LLC ’s failure to maintain or renew coverage or to provide evidence of renewal during the term of this Agreement may be treated as a material breach of contract by City.








 







130

CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. 6.

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

Approval of an Agreement with NetFile, Inc. for Electronic Submittal Software for Disclosures Required by the Fair Political Practices Commission

RECOMMENDATION
Approve a three-year agreement, in a form as approved by the City Attorney, with two additional one-year extensions, with NetFile, Inc. for campaign disclosures, statements of economic interests, and ethics training software, retroactively effective to December 1, 2024, for a total not to exceed $67,500; and Authorize the City Manager to execute the agreement.

PRIOR ACTION/VOTE
On April 7, 2020, the City Council adopted a resolution approving an agreement with NetFile, Inc. for Fair Political Practices Commission (FPPC) electronic disclosure services (Vote: 5-0).

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

BACKGROUND
The State of California Fair Political Practices Commission (FPPC) regulates campaign finance, lobbying activities, and conflict of interest reporting, mandating specific individuals associated with the City as elected officials, employees, or certain volunteer committee members to file disclosure forms, report on personal financial interests that may affect decision-making, and complete ethics training. To assist with FPPC compliance, the City of Murrieta contracts with NetFile, Inc. to maintain a system that the applicable individuals can use to file their campaign statements and statements of economic interests. Additionally, the system has a public interface with the ability to search and view the records upon filing.

The proposed agreement would maintain the current system used for campaign filings and Statements of CITY OF MURRIETA Printed on 3/13/2025Page 1 of 2
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3/18/2025
Agenda Item No. 6.

Economic Interest and also add a module that would enable the filers to meet the ethics training requirement.

The City's current agreement with NetFile expired on November 30, 2024. Staff was unable to bring this report and the new agreement to the City Council sooner, so the recommendation includes a request to approve the agreement retroactively to November 30, 2024.

Campaign Filings
The California Political Reform Act requires campaign filings that disclose contributions and expenditures to be submitted by candidates for elected office and their committees. Furthermore, within 72 hours of a filing deadline a local government agency shall post on its website a copy of any statement, report, or document.

In 2014, the City of Murrieta adopted Ordinance No. 490-14, Electronic Filing of Campaign Disclosures, which allows all filers for the City to file their campaign disclosures electronically, enhancing the public's access to campaign disclosure reports.

Statement of Economic Interests (Form 700)
The Form 700 is a public document required to be filed by certain public officials, employees, and consultants to disclose certain financial interests that may affect decisions. Individuals who file are involved in or participate in making governmental decisions that may foreseeably have a material effect on the financial interests of the designated filers. Government Code Section 87200 identifies City Elected Officials, Planning Commissioners, City Attorneys, City Managers, and City Treasurers as statutory filers of the Form 700. In addition, the City designates various positions as Form 700 filers on a biennial basis through the Conflict of Interest code.

The NetFile software provides step by step instructions for filers, and saves the data input into the system allowing for easier future filings and aides in increasing the accuracy of filings. The public portal allows individuals to view the documents filed the next day as they are automatically redacted.

Assembly Bill 1234 (Ethics Training)
Assembly Bill 1234 (AB 1234) states that if a member of the local agency receives any type of compensation, salary, or stipend from or reimburses the expenses of a member of its legislative body, that local agency's officials must receive ethics training.

The addition of the AB 1234 NetFile, Inc. module will allow the individuals required to take the training through the system, requiring a full two hours of training before the certificate can be e-filed. In addition, the module will assist with creating deadlines and communications for mandated statutory filers, Commissioners, and executive staff. Similar to Form 700 and Campaign Filings, the ethics training certificate will be available for public review.

FISCAL IMPACT
The proposed agreement's total cost is $67,500, which includes the amount for the two (2) one-year optional extensions. There is adequate funding to cover the costs for the remainder of this fiscal year. Funding will be included in the upcoming biennial budget process for Fiscal Years 2025/26 and 2026/27 in General Ledger Account 1102400-60920 Equipment Software line item.

ATTACHMENTS

1. Agreement with NetFile, Inc.

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AGREEMENT FOR ON-CALL PROFESSIONAL SERVICES
WITH THE CITY OF MURRIETA (“CITY”)
Project Name/Description (“Project”):E-Filing syste m for State ment o f E conomic Interest, Campaign Filings, and AB 1234 Ethics Training
Contract Number:

Consultant Name (“Consultant”):NetFile Inc.

Consultant Business Type:Corporation
Consultant Address:2707 Aurora Road., Mariposa, CA 95338 Consultant Representative Name and Title (“ Consultant Representative”):Tom Diebe rt, Vice President
Consultant Representative Work Phone and Email:[email protected] | (209) 742-4100 Termination Date:November 30, 2027
Total Not-To-Exceed Contract Amount (“Contract Sum”):$67,500 City Department Contact (“Department Contact”):Kimberly Ramirez, Deputy City Clerk Department Contact Work Phone and Email:[email protected] | (951) 461-6035 Is Federal Funding Being Used to Fund Any Part of The Project (Yes/No):No 133

AGREEMENT FOR PROFESSIONAL SERVICES
WITH THE CITY OF MURRIETA (“CITY”)
THIS AGREEMENT FOR SERVICES (“Agreement”) is made and entered into as of the effective on the date executed by the City by and between CITY OF MURRIETA, a California municipal corporation (“ City”) and (“ Consultant”). City and Consultant 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 CONSULTANT

1.1 Scope of Services. In compliance with all terms and conditions of this Agreement, Consultant 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, Consultant 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) Consultant shall follow the highest professional standards and practices in performing the services required hereunder. Individual tasks under the Scope of Services shall be established on a per project basis. Upon request by City, the Consultant shall provide a detailed task proposal including pricing consistent with those hourly rates as provided in Article II, below. Consultant shall not commence work until an T ask Order is issued by the City authorizing the Consultant to perform such work.

1.2 Consultant’s Proposal. The Scope of Services shall include the scope of services or work included in Consultant’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 Consultant’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 Consultant to comply with this Section.

1.4 Licenses, Permits, Fees and Assessments. Consultant 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. Consultant 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 134
Consultant’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.

1.5 Familiarity with Work. By executing this Agreement, Consultant represents and warrants Consultant: 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, Consultant 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 Consultant under this Agreement is compatible, and shall be fully functional, with such infrastruc ture, equipment, computer system and software of City. Consultant acknowledges that City is relying on this representation by Consultant 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, Consultant 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 Consultant 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 or upon a Task Order , 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 Consultant wishes to receive payment, no later than the first business day of such month, Consultant shall submit to City, in 135
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, Consultant is certifying compliance with all provisions of this Agreement. Except as provided in Section s 7.3, 7.4 and 7.5, City shall pay Consultant 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 Consultant for correction and resubmission. Review and payment by City for any invoice provided by Consultant 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 and become effective on the date excuted by the City 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. Consultant shall commence the services pursuant to this Agreement upon receipt of a written Task Order and shall perform all services within the time period(s) established in the Task Order or generally within the time periods 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 Consultant, 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 Consultant shall within ten (10) days of the commencement of such delay notify City in writing of the 136

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 Consultant be entitled to recover damages against City for any delay in the performance of this Agreement, however caused, Consultant’s sole remedy being extension of this Agreement pursuant to this Section.

ARTICLE 4. COORDINATION OF WORK

4.1 Representative of Consultant. The Consultant Representative is authorized to act on Consultant’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 City to enter into this Agreement. Therefore, the representative shall be responsible during the term of this Agreement for directing all activities of Consultant 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 Consultant 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 Consultant’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 Consultant , or its officers, employees, agents or subcontractors , perform the services required herein, except as otherwise set forth herein. Consultant 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. Consultant 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 Consultant in its business or otherwise or a joint venturer or a member of any joint enterprise with Consultant.

Consultant shall not incur or have the power to incur any debt, obligation or liability whatever against City, or bind City in any manner. Consultant represents and warrants that the personnel used to provide services to City pursuant to this Agreement shall at all times be under Consultant’s exclusive control and direction.

No City employee benefits shall be available to Consultant, its officers, employees, agents or subcontractors, in connection with the performance of this Agreement. 137

City shall not be liable for compensation or indemnification to Consultant , its officers, employees, agents or subcontractors, for injury or sickness arising out of performing services hereunder. In the event that Consultant or any officer, employee, agent, or subcontractor of Consultant providing services under this Agreement claims or is determined by a federal or state agency, a court of competent jurisdiction, or the California Public Employees’ Retirement System, to be classified as other than an independent contractor for City, then Consultant shall indemnify, defend, and hold harmless City for the payment of any and all assessed fines, penalties, judgments, employee and/or employer contributions, and any other damages and costs assessed to City as a consequence of, or in any way attributable to, the assertion that Consultant , or any officer, employee, agent, or subcontractor Consultant used to provide services under this Agreement, is/are employees of City.

4.5 Subcontracting or Assignment. The experience, knowledge, capability and reputation of Consultant, its principals and employees were a substantial inducement for City to enter into this Agreement. Therefore, without express written approval of City, Consultant shall not contract with any other City 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 Consultant, or any surety or insured of Consultant, 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 Consultant’s indemnification obligation to City, Consultant 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. Consultant 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 liab ilities (herein “ Claims or Liabilities ”) that may be asserted or claimed by any person, firm or City arising out of or in connection with the negligent performance of the work, operations or activities provided herein of Consultant, its officers, employees, agents, subcontractors, or invitees, or any individual or City for which Consultant is legally liable (each an “Indemnitor” and collectively, “ Indemnitors”), or arising from Indemnitors’ reckless or willful misconduct, or arising from Indemnitors’ negligent performance of or failure to perform any term, provision, covenant or condition of this 138

Agreement, and in connection therewith: 1) Consultant 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) Consultant will promptly pay any judgment rendered against Indemnitee(s) for any such Claims or Liabilities, and will save and hold Indemnitee(s) harmless therefrom.
(b) Further Provisions. The indemnity obligation herein shall be binding on successors, assigns and heirs of Consultant and shall survive termination of this Agreement. Consultant shall incorporate similar indemnity agreements as provided herein with its subcontractors, and if Consultant fails to do so Consultant shall be fully responsible to indemnify City hereunder therefor. Failure of City and/or City 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. The indemnification provisions herein do not apply to claims or liabilities occurring as a result of City’s sole negligence or willful misconduct, but, to the fullest extent permitted by law, shall apply to claims and liabilities resulting in part from City’s negligence, except that design professionals’ indemnity hereunder shall be limited to claims and liabilities arising out of the negligence, recklessness or willful misconduct of the design professi onal. The indemnification provided herein includes Claims or Liabilities arising from any negligent or wrongful act, error or omission, or reckless or willful misconduct of Indemnitors in the performance of professional services hereunder. Payment of invoi ces by City is not a condition precedent to enforcement of the indemnity obligation herein. In the event of any dispute between Consultant and City, as to whether liability arises from the sole negligence or willful misconduct of City, Consultant will be o bligated 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. Consultant 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. (c) Pursuant to the full language of California Civil Code §2782, Design Professionals agrees to indemnify, including the cost to defend, City and its officers, officials, employees, and volunteers from and against any and all claims, demands, costs, or liability that arise out of, or pertain to, or relate to the negligence, recklessness, or willful misconduct of Design Professional and its empl oyees or agents in the performance of services under this contract, but this indemnity does not apply to liability for damages arising from the sole negligence, active negligence, or willful acts of the City; and does not apply to any passive negligence of the City unless caused at least in part by the Design Professional. The City agrees that in no event shall the cost to defend charged to the Design Professional exceed that professional’s proportionate percentage of fault. This duty to indemnify shall not be waived or modified by contractual agreement or acts of the parties.

5.3 Professional Liability. When the law establishes a professional standard of care for Consultant’s services, to the fullest extent permitted by law, Consultant shall indemnify, defend and hold harmless Indemnitees against, and will hold and save 139

them and each of them harmless from, whether actual or threatened, any and all Claims and Liabilities, consistent with all obligations provided for in this Section

5.3, to the extent same are caused in whole or in part by any negligent or wrongful act, err or or omission, or reckless or willful misconduct of Indemnitors in the performance of professional services under this Agreement.

ARTICLE 6. RECORDS, REPORTS AND RELEASE OF INFORMATION

6.1 Records. Consultant 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 business hours of Cit y, 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. Consultant shall fully cooperate with City in providing access to any and all Consultant records and documents if a public records request is made and disclosure is required by law including but not limited to the Californi a 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 Consultant, 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 Consultant 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. Consultant may retain copies of such documents and materials for its own use. Consultant 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 Consultant fails to secure such assignment, Consultant shal l indemnify City for all damages resulting therefrom. Moreover, with respect to any Consultant documents and 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 Consultant in its performance of this Agreement shall be considered confidential, unless such information is in the public domain or already known to Consultant. Consultant shall not release or disclose any such information or work product to persons or entities other than City without prior written authorization from City. Consultant, its officers, employees, agents or 140

subcontractors, shall not, without prior written 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 Consultant immediately gives City notice of such court order or subpoena. If Consultant, or any officer, employee, agent o r subcontractor of Consultant, provides any information or work product in violation of this Agreement, then City shall have the right to reimbursement and indemnity from Consultant for any damages, costs and fees, including attorney’s fees, caused by or incurred as a result of Consultant’s conduct. As concerning, r egarding or related to, in any way, this Agreement and the work performed thereunder: a) Consultant shall immediately notify City should Consultant, 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 Consultant or be present at any deposition, hearing or similar proceeding; and, c) Consultant agrees to cooperate fully with City and to provide City with the opportunity to review any response to discovery requests provided by Consultant , 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 Consultant 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 Consultant, except that where termination or suspension is due to the fault of Consultant, the period of notice may be such shorter time as determined by City. Upon receipt of any notice of termination or suspension, Consultant 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, Consultant shall be entitled to compensation for all s ervices rendered prior to the effective date of the notice of termination or suspension 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, 141

without cause pursuant to this Section, there is no need to provide opportunity to cure pursuant to Section 7.3.

7.3 Default of Consultant and Opportunity to Cure . In the event that Consultant is in default under the terms of this Agreement, City shall not have any obligation or duty to continue compensating Consultant for any work performed after the date of default. Instead, City may give notice to Consultant of the default and the reasons for the default. The notice shall include the timeframe in which Consultant 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 Consultant 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 Consultant does not cure the default by conclusion of noticed timeframe , City may immediately both terminate this Agreement with notice to Consultant 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 Consultant’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 Consultant. If termination is due to the failure of Consultant 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 Consultant 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 Consultant for the purpose of set-off or partial payment of the amounts owed City therefor.

7.5 Retention of Funds. Consultant hereby authorizes City to deduct from any amount payable to Consultant (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 Consultant’s acts or omissions in performing or failing to perform Consultant’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 Consultant, or any 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 Consultant to insure, indemnify, and protect City as elsewhere provided herein.

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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 Consultant shall not constitute a waiver of any of the provisions of this Agreement. No delay or omission in the exercise of any right or remedy 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. Consultant acknowledges and agrees that any actual or alleged failure on the part of City to inform Consultant of non -compliance with any requirement of this Agreement imposes n o additional obligations on City nor does it waive any rights hereunder. Payment to Consultant for work performed pursuant to this Agreement shall not be deemed to waive any defects in work performed by Consultant.

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, Consultant 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 invest igating such action, consultants’ fees, taking depositions and discovery and all other necessary costs the court allows which are incurred in such 143

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 Consultant, or any successor in interest, in the event of any default or breach by City or for any amount which may become due to Consultant or to its successor, or for breach of any obligation of the terms of this Agreement.

8.2 Conflict of Interest. Consultant 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 Consultant’s performan ce of services under this Agreement. Consultant 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. Consultant 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 Consultant 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. Consultant 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. Consultant 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, r eligion, sex, gender, sexual orientation, marital status, national origin, ancestry or other protected class in the performance of this Agreement. Consultant 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 144

City addressed to City Clerk at City of Murrieta, 1 Town Square, Murrieta California 92562, and in the case of Consultant, 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 Consultant 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. Consultant 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 Consultant, or from any officer, employee or agent of Consultant, 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, 145

(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]
146

01375.0001/964368.1 -14-

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:

Justin Clifton, Acting City Manager
ATTEST: Effective Date:

Cristal McDonald, City Clerk
Date:

APPROVED AS TO FORM:

ALESHIRE & WYNDER, LLP

Tiffany Israel, City Attorney
Date:

CONSULTANT:

Two corporate officer signatures required when Consultant 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 Consultant’s business City.

By:

Name: Tom Diebert
Title: Vice President
Date:

By:

Name: David Montgomery
Title: Chief Financial Officer
Date:
147

01375.0001/964368.1

EXHIBIT "A"

SCOPE OF SERVICES
I. Consultant will perform the following Services on an on-call basis:

All services noted in Exhibit A-1 Quote
II. Consultant must perform all on -call Services in compliance with the following requirements:

A. Each task shall be indicated by a written request (“ Task Order”) produced by the Department Contact with a description of the work to be performed, and the time desired for completion. All tasks shall be carried out in conformity with all provisions of this Agreement.

B. Consultant must prepare a written description of the requested tasks including all components and subtasks; the costs to perform the task (“Task Budget”), using the itemized fees in Exhibit C, Schedule of Compensation, whenever a requested task is provided for in Exhibit C; explain how the cost was determined; and, a schedule for completion of the task (“Task Completion Date”); which shall all collectively be referred to as the “Task Proposal”.

C. Department Contact shall in writing approve, modify or reject the Task Proposal, and may issue a Task Order.

D. The task shall be performed at a cost not to exceeding the Task Budget.

E. Consultant shall complete the task and deliver all deliverables to Department Contact by the Task Completion Date.

III. In addition to any other requirements of this Agreement, during performance of the Services, Consultant will keep the City appraised of the status of performance by delivering the following status reports:

N/A
IV. All work product is subject to review and acceptance by the City, and must be revised by the Consultant without additional charge to the City until found satisfactory and accepted by City.

V. Consultant will utilize the following personnel to accomplish the Services:

N/A

148
J
anuary 3, 2025
Kimberly Ramirez
Deputy City Clerk
City of Murrieta
1 Town Square
Murietta, CA 92562
D
ear Kimberly,
T
hank you for the e-mail today. As requested, here is a quote for our Campaign, SEI, and AB1234 Ethics Training systems.

C
ampaign & Form 700 e-filing and admin systems: $3,000/ quarter A
B1234 Ethics training add-on for your approx 50 people: $500/quarter A
dditional Discount for adding AB1234 system: ($125/quarter) T
otal for all Systems: $3,375/quarter
W
e can guarantee this rate for up to 5 years.

I
f you need any additional information, just let me know.

B
est regards,
T
om Diebert
Vice President
NetFile, Inc.

NetFile
2707 Aurora Road
Mariposa, CA 95338
Tel HQ (209)742-4100
Tel Fresno Office (559) 250-4847
Fax (209)391-2200
149

01375.0001/964368.1 145610

EXHIBIT "B"

SPECIAL REQUIREMENTS
(Superseding Contract Boilerplate)

Not Applicable
150

01375.0001/964368.1 145610

EXHIBIT “C”

SCHEDULE OF COMPENSATION

I. Consultant shall establish a Task Budget for each Task identifying the subtasks, based on the time and rates of the personnel performing the subtasks, and itemizing all materials and equipment utilized and the costs thereof. If payment is to be made other than at c ompletion of the services, then the phases of the performance and percentage of payment due shall also be shown in the Task Proposal.

II. City will compensate Consultant 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.

III. The total compensation for all Services during the entire term of this Agreement shall not exceed the Contract Sum as provided in the Cover Page of this Agreement.

IV. Consultant’s billing rates for any hourly Services are attached as Exhibit C-1.

In connection with the services provided pursuant to the terms of this Agreement, City will pay Consultant upon City’s receipt of a written invoice provided by Consultant no more than monthly. City will pay Consultant for work completed, billed in increments of six minutes (0.1 hours), not to exceed the Contract Sum. The City will reimburse the Consultant for reasonable out -of-pocket expenses related to performing services on behalf of the Client that are approved in advance in writing by the City such as mileage, copies, binding costs, postage, parking, travel, and lodging expenses as part of the not to exceed Contract Sum. To receive reimbursements, the Consultant must provide the City with a receipt and a description of the expense incurred along with the invoice.

No mark up on expenses may be added.

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01375.0001/964368.1

EXHIBIT "D"

SCHEDULE OF PERFORMANCE

I. Consultant shall perform Services on an on-call basis as set forth in Exhibit A.

II. Consultant shall deliver the following tangible work products to the City by the following dates.

Not Applicable

III. The Department Contact may approve extensions for performance of the Services under any specific Task Order in accordance with Section 3.2.

152

01375.0001/964368.1

EXHIBIT E

INSURANCE REQUIREMENTS

Consultant 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 Consultant, 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 Consultant 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 consultant provides written verification it has no employees)

4. Professional Liability (Errors and Omissions) Insurance appropriates to the Consultant’s profession, with limit no less than $2,000,000 per occurrence or claim, $2,000,000 aggregate.

5. Cyber: Vendor/Consultant shall procure and maintain for the duration of the contract insurance against claims for security breaches, system failures, injuries to persons, damages to software, or damages to property (including computer equipment) which may arise from or in connection with the performance of the work hereunder by the Vendor, its agents, representatives, or employees. Vendor shall procure and maintain for the duration of the contract insurance claims arising out of their services and including, but not limited to loss, damage, theft or other misuse of data, infringement of intellectual property, invasion of privacy and breach of data.

Cyber Liability Insurance, with limits not less than $2,000,000 per occurrence or claim, $2,000,000 aggregate. Coverage shall be sufficiently broad to respond to the duties and obligations as is undertaken by Vendor in this agreement and shall include, but not be 153

01375.0001/964368.1
limited to, claims involving security breach, system failure, data recovery, business interruption, cyber extortion, social engineering, infringement of intellectual property, including but not limited to infringement of copyright, trademark, trade dress, invasion of privacy violations, information theft, damage to or destruction of electronic information, release of private information, and alteration of electronic information. The policy shall provide coverage for breach response costs, regulatory fines and penalties as well as credit monitoring expenses.

6. Technology Professional Liability Errors & Omissions (Only if vendor is providing a technology service (data storage, website designers, etc.,) or product (software providers)
Technology Professional Liability Errors and Omissions Insurance appropriate to the Consultant’s profession and work hereunder, with limits not less than $2,000,000 per occurrence. Coverage shall be sufficiently broad to respond to the duties and obligations as is undertaken by the Vendor in this agreement and shall inc lude, but not be limited to, claims involving security breach, system failure, data recovery, business interruption, cyber extortion, social engineering, infringement of intellectual property , including but not limited to infringement of copyright, trademark, trade dress, invasion of privacy violations, information theft, damage to or destruction of electronic information, release of private information, and alteration of electronic informatio n. The policy shall provide coverage for breach response costs, regulatory fines and penalties as well as credit monitoring expenses.

a. The Policy shall include, or be endorsed to include, property damage liability coverage for damage to, alteration of, loss of, or destruction of electronic data and/or information “property” of the Agency in the care, custody, or control of the Vendor.

If the Consultant 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 consultant. 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 Consultant 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 Consultant'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).

Primary Coverage
For any claims related to this contract, the Consultant’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 Consultant’s insurance 154

01375.0001/964368.1
and shall not contribute with it. This requirement shall also apply to any Excess or Umbrella liability policies.

Umbrella or Excess Policy
The Consultant 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 C onsultant’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
Consultant hereby grants to City a waiver of any right to subrogation which any insurer of said Consultant may acquire against the City by virtue of the payment of any loss under such insurance.

Consultant 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 Consultant 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 subje ct 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 Consultant or subcontractor who procured such insurance and shall not apply to the Indemnified Additional Insured Parties. City may deduct from any amounts otherwise due Consultant 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. Th e policy must also provide that Defense costs, including the Allocated Loss Adjustment Expenses, will satisfy the SIR or 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. 155

01375.0001/964368.1
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 Consultant must purchase “extended reporting” coverage for a minimum of five (5) years after completion of work.

Verification of Coverage
Consultant 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 requi red documents prior to the work beginning shall not waive the Con sultant’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
Consultant 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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01375.0001/964368.1

EXHIBIT F

FEDERAL REQUIREMENTS
(Only applicable if required on cover page of agreement)

Not Applicable
157

CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. 7.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Justin Clifton, City Manager
PREPARED BY: Kristen Crane, Assistant City Manager
SUBJECT:

Recap of City Council Priority Setting Workshop held February 10, 2025

RECOMMENDATION
Receive and file the revised list of City Council priorities as discussed during the City Council Workshop held on February 10, 2025.

PRIOR ACTION/VOTE
The City Council held a priority-setting workshop on February 10, 2025.

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

BACKGROUND
On February 10, 2025, the City Council held a workshop where the City Council and executive staff engaged in a comprehensive discussion regarding the City’stop priorities through a three-tiered system. Staff provided updates on the priority projects. The City Council reviewed the prioritized projects and either affirmed the prior prioritization or, in some cases, directed that the ranking for several projects be adjusted. Attachment 1 reflects the outcome of the February 10, 2025, workshop. No changes were made to the List of Administrative Priorities (Attachment 2), which is a comprehensive list of projects that are more operational in nature but require significant dedication of staff time and/or resources.

FISCAL IMPACT
There is no direct fiscal impact associated with this item. The development process for the Fiscal Years 2025/26 and 2026/27 operating budget and the five-year Capital Improvement Program will incorporate necessary funding recommendations, if applicable, to support the projects prioritized by the City Council.

CITY OF MURRIETA Printed on 3/13/2025Page 1 of 2
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3/18/2025
Agenda Item No. 7.

ATTACHMENTS

1. City Council Tier 1, 2, and 3 Priorities

2. List of Administrative Priorities
CITY OF MURRIETA Printed on 3/13/2025Page 2 of 2
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City Council Priorities Tiers 1, 2, and 3 Organized by City Council Goals – Based on 2/10/25 City Council Workshop Provide a High Level of
Innovative Public Safety
Aggressively Pursue
Economic Development
Maintain a High-Performing
Organization…
Plan, Program & Create Infrastructure
Development
Coordinate & Develop
Responsive, EƯective
Community Services
Foster & Promote an
Engaged Connected &
Caring Community
TIER 1 TIER 1 TIER 1 TIER 1 TIER 1 TIER 1
Fire Station 6 Improvements at the MIC City Hall and Fire Generator Replacement Amphitheater Parking Lot Los Alamos Soccer Complex Sidewalk Vendor Policy Fire Station 1 Concrete
Replacement Surplus Lands Act Public Works Modular OƯices Keller Road Interchange Library Expansion Town Hall Meeting/
Community Summit regarding
Changes in Ca. Housing Law
Public Safety CFD Keyhole Overlay Zone City Hall Roof Replacement Murrieta Hot Springs Road Widening Pickleball Courts Ballot Measure Remodel Fire Stations 1,2 & 3 TIER 2 Development Approval Process Deep Dive ADA Improvements Equestrian Facility – Evaluation of Options TIER 2
TIER 2 Madison Specific Plan TIER 2 Murrieta Hot Springs/Alta Murrieta Intersection Tot Lot Replacement TIER 3 Public Safety Training Facility Tour de Murrieta TIER 3 Various Storm Drain Trash Interceptors Library Flooring and Soundproof Walls Create a Public Art Program
Fire Station 5 Permanent
Structure TIER 3 Civic Center Development Hillside Ordinance Glen Arbor Dog Park Support Community Events New Holiday Events
PD Building Improvements Downtown Parking Structure Replace the kitchen at the Community Center General Plan Cleanup TraƯic Signal Synchronization Greater Activation of Amphitheater
TIER 3 Vacant Land Planning City Hall HVAC Replacement - Done TraƯic Pilot Program Code Enforcement Revisions Revamp PEG Channel Expand PD Facility Line F Drainage Improvements TIER 2
Line G Drainage Improvements Community Pool Redesign
Line D Box Culvert Extension Vintage Reserve Restroom
TIER 2 TIER 3
Citywide Drainage Improvement Projects Plan Murrieta Youth Center Phase 2 Open Channel Drainage Maintenance Permit Develop Pioneer Park JeƯerson St. and Magnolia St. TraƯic Signal Murrieta Creek Regional Trail Murrieta Creek Drainage Improvements Regular Community Cleanup Events
Various TraƯic Signal Upgrades Alderwood Park Splash Pad Storm Drain Master Plan Roadside Memorial Policy
Water System Infrastructure Review Develop BMX Pump Track TIER 3 Equestrian
Evacuation Guidelines
Whitewood Rd Widening-Hunter to Clinton Keith Rd 3
160
Council Priorities
Tier 1 – Fully Programmed
(Solidified as top priorities by City Council that are fully programmed with strategies, workplans, and dedicated resources.)

LARGE SCALE PROJECTS
Fire Station 6
2 -3 years after start
of design
$
10M - $15M
Description: Build a new Fire Station 6 at the northeast end of the City. Explore interim solutions/service level options to enable service sooner.

Ma
jor Milestones:
• Acquire property – fall 2024
• Set aside operational expenses estimated at $3M annually • Conceptual design/cost estimates
• Seek grants and explore other funding sources
• When ready to proceed, secure bond funding
• E
xtend water and natural gas infrastructure to serve the site • Complete design
• Construction
P
rogress Since July 31, 2024 Workshop:
• Property purchase approved by City Council in Nov 2024 • Escrow opened Dec 2024
A
nticipated Next Steps through June 30, 2026:
• Resolution of title issues to complete property purchase. Could take six m
onths through summer 2025.
• Review potential interim operational models
• Release RFP for design once ready for ongoing financial commitment • Secure utilities to the future fire station site
P
roject Lead: Fire Department, City Manager’s Office
Project Support: Development Services, Engineering
Estimated Council Meetings: 2-5
Amphitheater
Parking Lot
20 24- 2025
$

3.5M
Description: Construct parking for the amphitheater, including ADA, landscaping, and monument sign.

Ma
jor Milestones:
 Design completed – summer 2024 (complete)
 Bid process underway – fall 2024 (complete)
• Construction – fall 2024 through spring 2025 (underway) P
rogress Since July 31, 2024 Workshop:
• Construction started Nov 2024
• Estimate substantial completion Feb 2025
161

Anticipated Next Steps through June 30, 2026:
• Council Action: Notice of Completion, March/April 2025

Project Lead: Community Services Department
Project Support: City Manager’s Office, Engineering
Estimated Council Meetings: 1-2
Los Alamos Soccer
Complex

2024-2028

$10M-$15M
Description: Rehabilitate existing fields, build new fields and related facilities.

Major Milestones:
• Revise Murrieta Soccer pro forma – fall 2024 (Murrieta Soccer currently on-hold pending their merge with a new soccer club)
• Bond financing – winter 2024 (On hold pending environmental review) • Rehab existing fields – fall 2024 through summer 2025 (On-hold pending Murrieta Soccer readiness to proceed)
• Environmental clearances for expansion – 2026-2027
• Design new fields/facilities – 2026
• Construction – 2027-2028

Progress Since July 31, 2024 Workshop:
 Met with Murrieta Soccer Club in Sept, plus additional phone conversations
 Ad-Hoc Subcommittee formed by City Council

Anticipated Next Steps through June 30, 2026:
• Ad-Hoc Subcommittee to review and provide recommendations to staff and City Council
• Continue to work toward the necessary environmental clearances

Project Lead: City Manager’s Office, Development Services Project Support: Community Services, Finance, Engineering, Parks Maintenance Estimated Council Meetings: 4-6
Keller Road
Interchange

$47M
Description: Build a new interchange at Keller Road and Interstate 215.

Major Milestones:
• Rights of Way acquisition
• Preliminary design at 65% plans
• Environmental document approval
• Design Plans/Specs/Estimates
• Secure $29+ million in additional funding
• Construction

Progress Since July 31, 2024, Workshop:
 Cooperative Agreement with CalTrans for Plans, Specifications, and Engineering (PS&E) and Right-of-Way process approved Nov 2024  Draft Environmental Document (DED) review underway by Caltrans  Technical memos and documents updated and approved
 Vehicle Miles Travelled (VMT) exemption approved
162

 Submitted an application for a federal RAISE/BUILD grant

Anticipated Next Steps through June 30, 2026:
• Circulate DED for required review through May 2025
• Approval of Final Environmental Document anticipated by July 2025 • Final Project Report Approval anticipated for July 2025 • Design Plan Approvals - 2026

Project Lead: Engineering, City Manager’s Office
Project Support: Engineering
Estimated Council Meetings: 4-6
Library Expansion

2024-2026

$7.05M
Description: Expand Library facility by approximately 4,500 square feet.

Major Milestones:
 Conceptual design complete – spring 2024
 Funding plan determined – summer 2024
• Complete final design – summer 2024 through spring 2025 • Construction begins – summer 2025
• Construction complete – summer 2026

Progress Since July 31, 2024 Workshop:
 Design Development Completed
 Construction Plans Submittal for review by Jan 2025
• Development of Construction Bid Package
• Fund Raising for $500,000

Anticipated Next Steps through June 30, 2026:
• Increase focus on fundraising to bolster efforts of Library Foundation to reach fundraising goal
• Confirm design & funding with City Council March 2025 • Advertise construction bid through May 2025
• City Council award of construction contract July 2025 • Anticipated construction completion - Summer 2026
• Purchase furnishings and equipment using cooperative purchasing contracts

Project Lead: Community Service Department
Project Support: City Manager’s Office, Engineering
Estimated Council Meetings: 2-3
Murrieta Hot
Springs Road
Widening

2024-2025

$10M
Description: Widen MHS Rd. between Margarita and Winchester Roads.

Major Milestones:
 Design complete
 Right of Way acquisition complete
• Construction anticipated to begin Spring 2025
• Public Outreach during construction

163

Progress Since July 31, 2024 Workshop:
 Utility easements obtained
 Construction contract put out to bid Dec 2024

Anticipated Next Steps through June 30, 2026:
• Strategic communications with the public and local businesses • Open bids February 6, 2025
• City Council to award construction contract Mar 2025
• Begin construction May 2025 and complete Spring 2026

Project Lead: Engineering
Project Support: City Manager’s Office
Estimated Council Meetings: 1-3
Pickleball Courts

2024 – 2025

$400K
Description: Build new pickleball courts to accommodate significant demand.

Major Milestones:
 Identify and select locations – fall 2024
 Complete CEQA analysis where necessary
• Design
• Construction begins – winter 2024

Progress Since July 31, 2024 Workshop:
 Completed project plans for Firefighters Park Nov 2024  95% project plans for Alderwood Park by Jan 2025

Anticipated Next Steps through June 30, 2026:
• 100% project plans for Alderwood Park by Feb 2025
• Develop job order contracting proposal by March 2025
• Construction contract approval by April/May 2025
• Begin construction on Alderwood Park by May/June 2025

Project Lead: Community Services Department
Project Support: City Manager’s Office, Public Works
Estimated Council Meetings: 2-3
Fire Stations 1, 2,
and 3 Remodel

$5.6M
Description: Stations need updating and coed facilities added.

Major Milestones:
 Funding secured for Station 1 - $1.6M
• Secure funding for Stations 2 and 3 - $4M combined
• Design
• Construction

Progress Since July 31, 2024 Workshop:
• Design for remodel of Station 1 is currently being developed by City’s contract architectural firm

Anticipated Next Steps through June 30, 2026:
164

• Conduct bid process to hire a construction company when design documents are complete for Station 1
• Complete remodel of Station 1 by Dec 2025
• Move to Station 3 design once Station 1 is complete
Equestrian Facility –
Evaluation of
Options
Description: Work with the Sheriff’s Department to explore a long-term partnership for their use of the space and improvements. Also work with the Juniper Trails tenant.

Major Milestones:
• Determine needs of the Sheriff’s Office
 Determine needs of tenant Juniper Trails
• Draft MOU outlining roles and responsibilities
• Review and revise site leases
• Complete or oversee site improvements

Progress Since July 31, 2024 Workshop:
 Sheriff’s Department has indicated they are not interested at this time.  Negotiated a short-term license agreement extension with Juniper Trails approved by City Council January 21, 2025.

Anticipated Next Steps through June 30, 2026:
• Explore facility needs and concepts for a potential long-term plan to make the space usable
• Will need to work on more long-term plan for Juniper Trails since new temporary license agreement is short-term
• Need to consider emergency repairs, temporary preventative maintenance, and critical maintenance for the overall property

Project Lead: City Manager’s Office, Community Services Department Project Support: Public Works, Development Services
Estimated Council Meetings: 2
General Plan
Cleanup

2025-2026

Phase 1 $410K
(funded)
Phase 2 $390K
(unfunded)
Description: Major elements of the update include revising Climate Action Plan, traffic model, Safety Element, mapping/graphics updates, other miscellaneous document updates, updated noise ordinance, and updated lighting ordinance.

Major Milestones:

• Revisions to various General Plan elements – spring 2025 • Public Outreach - spring 2025
• CEQA Document Preparation – summer 2025
• Draft General Plan Document Preparation – fall 2025
• Public Hearings/Final Documents – winter 2025

Progress Since July 31, 2024 Workshop:
 Project kick-off with Consultant Team
 Ongoing bi-weekly meetings

Anticipated Next Steps through June 30, 2026:
165

• Preparing revisions to the General Plan and associated documents • Public Workshop(s)
• Fully fund Phase 2 work for CAP and CEQA document

Project Lead: Development Services
Project support: Engineering, Fire, Police, Community Services, Economic Development, City Manager’s Office
Planning Commission Meetings: 2-3
Council Meetings: 2-3
Sidewalk Vendor
Policy
New regulations addressing street vending.

Anticipated Next Steps through June 30, 2026:
• Preparing revisions to the Municipal Code
• Depending on timing, consider incorporating into Code Enforcement Ad- hoc Subcommittee recommendations and next steps

Project Lead: Development Services
Project support: City Attorney, City Manager’s Office, Police, Planning Commission Meetings: 1
Council Meetings: 2
Keyhole Overlay
Zone
Develop an Overlay Zone for the “keyhole area,” comprised of 51 properties in the area bordered by Clinton Keith Road, Whitewood Road, Baxter Road, and the City boundary on the east. The area lacks water infrastructure and consolidated planning, hindering development.

Progress Since July 31, 2024 Workshop:
• On-going meetings with Eastern Municipal Water District (EMWD) and property owners regarding future development.

Anticipated Next Steps through June 30, 2026:
• Preparing for a meeting in March 2025 with property owner representatives, EMWD, and City staff.
• Identifying “guiding principles” or a framework for aspects of how the development in this area may occur, like timing of requirements, financing, etc.
• Need to select a consultant to work on the Overlay Zone and then the necessary steps for adoption.

Project Lead: City Manager’s Office and Development Services Project support: Public Works, Economic Development, Fire, City Attorney, City Manager’s Office
Planning Commission Meetings: 1
Council Meetings: 2
166

Development
Approval Process
Deep Dive
An opportunity for a more elaborate examination of current staffing and processes to identify opportunities for improvement.

Progress Since July 31, 2024 Workshop:
• Internal City Manager/Director meetings to discuss areas of improvement and evaluation of initial
strengths/weaknesses/opportunities/threats (SWOT) analysis. • Identification of initial action steps to gather feedback.

Line F Drainage
Improvements

$9M
Description: Improve Line F to address area flooding in and around Kalmia Street and enable property development. Project extends from Washington Avenue to Murrieta Creek.

Major Milestones:
• Environmental and Civil Engineering Design
• Secure Funding
• Regulatory Agency Permits
• Construction

Progress Since July 31, 2024 Workshop:
 Requested funding from Riverside County Flood Control District (RCFCD) Zone 7 CIP
 Issued RFQ to select design consultant
 Prepared Project Schedule

Anticipated Next Steps through June 30, 2026:
• Approve consultant agreement for design
• Commence with design in coordination with RCFCD
• Start regulatory agency permits
Line G Drainage
Improvements

$10M
Description: Improve Line G and address flooding at Washington Avenue and public safety concerns. Project extends from Nutmeg Street crossing to Murrieta Creek.

Major Milestones:
• Environmental and Civil Engineering Design
• Secure Funding
• Regulatory Agency Permits
• Construction

Progress Since July 31, 2024 Workshop:
• Project not yet started

Anticipated Next Steps through June 30, 2026:
• Prepare project schedule
• Prepare RFQ to select design consultant
167

Line D Box Culvert
Extension

$1.5M
Description: Re-build Line D box culvert to allow the widening of Murrieta Hot Springs Road.

Major Milestones:
• Environmental and Civil Engineering Design
• Regulatory Agency Permits
• Construction

Progress Since July 31, 2024 Workshop:
• Project not yet started

Anticipated Next Steps through June 30, 2026:
• Prepare project schedule
• Prepare RFP to select design consultant
• Commence with environmental and civil engineering design Town Hall Meeting/
Community Summit
regarding
Changes in
California Housing
Law
Hold a Town Hall meeting or community summit to discuss changes in California multi-family housing building laws and affordable housing. Assist with supporting City Council effort to disseminate the resolution regarding local control approved by the City Council in December 2024.

Anticipated Next Steps through June 30, 2026:
• Prepare project schedule
• Prepare RFP to select design consultant
• Commence with environmental and civil engineering design

Project Lead: City Manager’s Office, Development Services Project support: City Clerk’s Office
Planning Commission Meetings: Not Applicable
Council Meetings: Not Applicable
Pursuit of a
Statewide Ballot
Initiative re.

Local Control for
Land Use
Consider pursuing a statewide ballot initiative for the November 2026 ballot for a State Constitutional Amendment regarding local control for land use.

Anticipated Next Steps through June 30, 2026:
• Prepare for City Council consideration a road map of what the steps would be and what the City’s role could be
• Prepare project schedule
• Formulate next steps based on City Council direction

Project Lead: City Manager’s Office, City Attorney’s Office Project support: City Clerk’s Office, Development Services Planning Commission Meetings: Not Applicable
Council Meetings: 1-3
168

Traffic Pilot Program
Implement traffic pilot program along Los Alamos Road, between Hospitality Place and Whitewood Road, to determine effectiveness of implementing manual traffic control within the Traffic Management Center during peak congestion.

Progress Since July 31, 2024 Workshop:
 Pilot program concept presented to and approved by City Council.

Anticipated Next Steps through June 30, 2026:
• Implementation of the pilot program and evaluation.

169

SMALL SCALE PROJECTS
ADA Improvements

Preparation of ADA Transition Plan is complete. Annual curb ramp, sidewalk, and traffic signal retrofit per consent decree. Additional improvements are required at parks, facilities, trails, and other programmatic and physical areas. Projects will take place over 25 years. Estimated to cost $62 million.

Progress Since July 31, 2024 Workshop:
• Court approved Consent Decree between parties Nov 2024

Anticipated Next Steps through June 30, 2026:
• Fund work identified in the ADA Transition Plan and Consent Decree during the budget process
• Consultant will work with staff to track and complete first year of work specified in the Consent Decree
• Consultant will work with staff to track and complete additional work identified in the ADA Transition Plan
Improvements at
the MIC
Progress Since July 31, 2024 Workshop:
 Expanding resources at the Murrieta Innovation Center (MIC)  Grant funds are awarded. The design and bid process are complete.

Anticipated Next Steps through June 30, 2026:
• Award of construction contract set for Feb 2025
• Construction and installation are estimated to begin in spring 2025 Tot Lot Replacement
Four (4) additional tot-lots to be designed and constructed.

Progress Since July 31, 2024 Workshop:
• Tot lot replacement project continued.

Anticipated Next Steps through June 30, 2026:
• Work is nearly complete.

City Hall Roof
Replacement
Needed to address aging facility.

Progress Since July 31, 2024 Workshop:
• Original request for bids was completed. Bids received were significantly over estimated cost. Alternative roofing materials were investigated. • Revised roof project will be bid in January/February 2025, with project completion expected in spring 2025.

City Hall and Fire
Generators
Progress Since July 31, 2024 Workshop:
 Replacing emergency generators. Grant was acquired
 The design is complete, and the contractor is on-board

Anticipated Next Steps through June 30, 2026:
• Generator installation scheduled for Spring 2025, pending availability of the generators following long lead time. Estimated cost is $800,000.

Public Works
Modular Offices
Progress Since July 31, 2024 Workshop:
• Extending water and sewer to the Public Works facility 170

Anticipated Next Steps through June 30, 2026:
• Water District annexation is underway; set for completion by April 1. • Design, procurement, and placement of modular offices expected in summer 2025.
• Finalizing design for construction of site preparations for placement of modulars.

Fire Station #1
Concrete
Replacement
Project to replace concrete driveways at Fire Admin/Station 1 and connect the facility to the sewer system. Construction is scheduled for spring 2025 and estimated to cost $1.1M.

Library Flooring and
Soundproof Walls
Installation of new flooring and soundproofing panels. Work to be coordinated with Library expansion to minimize disruptions.

Glen Arbor Dog Park
Construct large and small dog area, provide ADA accessibility, and construct new parking lot.

Progress Since July 31, 2024 Workshop:
 Design is complete. Project is out to bid.

Anticipated Next Steps through June 30, 2026:
• City Council to award construction contract.
• Construction to begin spring 2025.

Murrieta Hot
Springs and Alta
Murrieta
Intersection
Eastbound right-turn lane into Murrieta Plaza shopping center.

Progress Since July 31, 2024 Workshop:
 Design and right of way acquisition complete.
 Construction bid process closes Feb 2025

Anticipated Next Steps through June 30, 2026:
• Award construction contract in Mar; and begin construction in Apr 2025.

Cost estimate is $1,200,000.

Various Storm Drain
Trash Interceptors
Install trash interceptors in existing storm drain catch basins within multi-family, commercial, and industrial zones, as required by the National Pollutant Discharge Elimination System (NPDES) permit.

Traffic Signal Sync Traffic signal modifications to optimize traffic flow utilizing Air Quality Management District (AQMD) funds.

Hillside Ordinance
Progress Since July 31, 2024 Workshop:
• Reviewing and adjusting regulations for development on hillsides.

Anticipated Next Steps through June 30, 2026:
• The ordinance is due back to City Council by spring 2025. 6th Code Update 6th Code revisions have been approved by City Council. This item is complete.

Code Enforcement
Revisions
Progress Since July 31, 2024 Workshop:
 Facilitated meetings of City Council Code Enforcement Ad-Hoc Subcommittee.
 Ad-Hoc Subcommittee has identified recommendations and findings for City Council consideration in a future workshop.
171

Anticipated Next Steps through June 30, 2026:
• Next steps for action items will be determined based on future City Council workshop and City Council direction.

Surplus Lands Act
Progress Since July 31, 2024 Workshop:
• Staff examining opportunities for disposition of various City property holdings

Anticipated Next Steps through June 30, 2026:
• Continued work on the SLA process as applicable.

Public Safety
Community
Financing District
(CFD)
An effort to create a new assessment district to ensure the City’s public safety agencies can maintain standards as the City grows.

Progress Since July 31, 2024 Workshop:
• Work continued to establish the first CFD for Public Safety Services

Anticipated Next Steps through June 30, 2026:
• Adoption of the Resolution of Intention to form and public hearing scheduled for Q2 2025.

172
Rev. Based on 2-10-25 City Council Workshop
Council Priorities
Tier 2 – Partially Programmed
(Identified priorities by City Council that are partially programmed with conceptual strategies but where additional workplans and/or resource dedication are necessary)

LARGE SCALE PROJECTS
Public Safety
Training Facility

$20M - $27M for
Phase I

$18M for
Phase II
Description: Phase I: Construct a fire tower, indoor shooting range, and classroom space for regional public safety and education agencies. Phase II: Construct additional storage space and a multi-story commercial training facility.

Major Milestones for Phase I:
 Conceptual design complete
• Seek funding partners
• Design – including value engineering to reduce costs
• Construction
• May require relocation of the Public Works Yard

Progress Since July 31, 2024 Workshop:
• None

Anticipated Next Steps through June 30, 2026:
• Meet with Mt. San Jacinto Community College District to explore, confirm, and solidify partnership and MSJC funding contribution. • Pending information on MSJC funding and timing, reengage the contracted designer to begin work on construction documents for the facility, or look at phasing alternatives
Madison Specific
Plan/Infrastructure
Development

2025-2026

$525K
Description: Partner with Rancho Water/Western to use ARPA funds to extend water and sewer infrastructure and plan area for economic development.

Additionally, a Specific Plan would be developed to promote economic development.

Major Milestones:
• Secure funding for Specific Plan from City Council - spring 2025 • Issue RFP for specific plan preparation, CEQA document – summer 2025 • Community Outreach – fall 2025
• Draft Specific Plan and CEQA document – winter 2026
• Public Hearings – spring 2026

Progress Since July 31, 2024 Workshop:
• None (not funded)

Anticipated Next Steps through June 30, 2026:
• Include funding in the budget for FY 2025/26
• Prepare and issue an RFP for a consultant – summer 2025 • Consultant selection – summer 2025
• Public scoping meetings – fall/winter 2025
• Final draft specific plan and CEQA doc preparation – summer 2026 • Adoption - fall 2026
173
Rev. Based on 2-10-25 City Council Workshop

Project Lead: Development Services
Project Support: Engineering, City Manager’s Office, Economic Development Planning Commission Meetings: 2-3
Estimated Council Meetings: 2-4
Fire Station 5
Permanent
Structure

$4M
Description: Adding a permanent structure at Station 5 to replace the modular.

Major Milestones:
• Secure funding
• Design/selection
• Construction

Progress Since July 31, 2024 Workshop:
• None

Anticipated Next Steps through June 30, 2026:
• Monitor development and road networks on west side of City to determine if current site will be suitable to serve western portion of City at build-out.

Community Pool
Redesign

$10M - $13M
Description: Locate and construct the Community Pool.

Major Milestones:
 Extensive community outreach completed.
• Draft conceptual plan developed. Not presented to Council since work was stopped based on prioritization and resource availability. • Secure funding
• Design
• Construction

Progress Since July 31, 2024 Workshop:
• None. Funding has not been identified.

Anticipated Next Steps through June 30, 2026:
• None
Water System
Infrastructure
Review
Work with the four local water districts to understand and consider build -out infrastructure that may be needed to support anticipated development and potential financing strategies.

Citywide Drainage
Improvement
Projects Plan
Description: Develop a work plan for moving forward with drainage projects around the City that are funded/partially-funded in the Capital Improvement Plan.

Major Milestones:
• Review the list of partially-funded drainage projects in the CIP to prioritize and develop a work plan for moving forward.
• Develop a funding plan
• Design / Environmental / Construction

Progress Since July 31, 2024 Workshop:
• Assigned staffing to Line F project and distributed RFQ to select consultant.
174
Rev. Based on 2-10-25 City Council Workshop

Anticipated Next Steps through June 30, 2026:
• Establish Work Plan to manage the work effort for the various large Drainage Improvement projects in the CIP
• Develop realistic schedule based on current staffing
• Develop funding strategy, including available grants and RCFCD funding Open Channel
Drainage
Maintenance
Permit

$1.25M
Description: Permit the City to perform regular maintenance of open drainage channels within the City.

Major Milestones:
• Phase 1: Research and establish regulatory framework needed to permit • Phase 2: Technical studies, establish open channel maintenance priorities • Phase 3: Establish impacts, mitigation plans, permitting with Regulatory Agencies
• Secure funding
• Prepare operations plan to perform maintenance

Progress Since July 31, 2024 Workshop:
 RFQ prepared

Anticipated Next Steps through June 30, 2026:
• Select environmental consultant
• Commence with Phase 1 and Phase 2
Jefferson St. and
Magnolia St.

Traffic Signal

$1M
Description: Traffic signal installation to address increased traffic volumes; project cost estimate of $1M utilizes DIF – Traffic signals.

Major Milestones:
• Civil engineering design
• Funding secured
• Construction

Progress Since July 31, 2024 Workshop:
 Commenced with engineering design

Anticipated Next Steps through June 30, 2026:
• Signal expected to start construction Fall 2025
Tour de Murrieta
An opportunity to make Tour de Murrieta a marquee annual event for the City and the best cycling race in the state.

Progress Since July 31, 2024 Workshop:

A meeting occurred with event organizer. Staff will bring an agenda report to City Council on this topic in the next couple months.

SMALL SCALE PROJECTS
PD Building
Improvements
Funding for paint and locker rooms secured.

Traffic Bureau funding pending (estimated to be $250k).

Murrieta Creek
Drainage
Improvements
Army Corp of Engineers project; Phase 2B Rancho Cal Road to Winchester Road is scheduled to begin construction in 2025. Phase 2C Winchester Road fix bridge abutment repair, not included with the 2025 construction and is unfunded. Phase 3 is unfunded and the schedule is unknown at this time. 175
Rev. Based on 2-10-25 City Council Workshop
Various Traffic
Signal Upgrades
Ongoing program to modify existing traffic signals as needed; $150,000 utilizes Measure A and Gas Tax for maintenance operations.

Storm Drain
Master Plan
Prepare citywide master drainage plan to identify deficient drainage facilities to address flood control needs. $250,000 budgeted. RFP prepared and to be issued to select a consultant to commence in 2025. Completion expected in 2026.

Vintage Reserve
Restroom
A new project listed on the Development Impact Fee (DIF) schedule to replace existing porta-potty at Vintage Reserve Park and construct permanent facility.

Work to include new water service.

176
Rev. Based on 2-10-25 City Council Workshop
Council Priorities
Tier 3 – Unprogrammed
(Unprogrammed projects/programs not yet prioritized by City Council pending development of strategies, workplans, and dedicated resources.)

LARGE SCALE PROJECTS
Parking Structure Consider assessing the need, identifying a site , and constructing a parking lot or parking structure to support downtown.

Civic Center
Development Space plan for future expansion of City Hall and other potential uses.

Expand PD
Facility
Needed to accommodate growing staff – funding for this project should be in place by FY30 – estimated at $10 to $15m. PD site has room for expansion.

Murrieta Youth
Center Phase 2 Original construction of Youth Center contemplated a future Phase 2 expansion.

Develop
Pioneer Park An opportunity to meet the growing demand for park amenities.

Murrieta Creek
Regional Trail
Connecting existing regional trail segments. Trails Master Plan will address this.

Progress Since July 31, 2024 Workshop:
• Work continued on draft Trails Master Plan, which will be presented to City Council by Mar/Apr 2025.

Loan Program for
Water/Sewer
Connections
A potential strategy to offset the high costs of extending infrastructure in some locations. (Remove; No longer a priority)
Create a Public
Art Program
An opportunity to beautify the community and reinforce community connection. An internal staff working group developed ideas for a smaller-scale pilot program. Work on this program has been on hold in light of 2024/25 and 2025/26 budget reductions and other priority projects.

Regular
Community
Cleanup Events
An opportunity to beautify the community. Involves City staff facilitating community clean-up events with volunteers.

Develop BMX
Pump Track An opportunity for new recreational facilities

SMALL SCALE PROJECTS
Alderwood Park
Splash Pad
Creates an opportunity for water -related play . Availability of funding will be determined after the construction of pickleball courts.

Vacant Land
Planning Addressing needs and potential opportunities with City-owned land.

Whitewood
Widening Hunter
to Clinton Keith
Addition of second northbound lane to complete four -lane section; recently requested TUMF funding to offset costs; utilize DIF –Streets for design and construction.

Roadside
Memorial Policy Requested by some residents to create a policy governing roadside memorials.

Replace Kitchen Project consists of renovating the kitchen at the Murrieta Community Center, 177
Rev. Based on 2-10-25 City Council Workshop
at the
Community
Center
including bringing issues into compliance, upgrades to commercial appliances, and overall renovations. Project on hold due to funding and priority.

City Hall HVAC
Replacement Needed to address aging facility. (Complete) Support New
Community
Events/Holiday
Events
Interest in creating new community celebrations and connections.

Greater
Activation of
Amphitheater
Pursue opportunities to expand programming using the City’s Amphitheater.

Staff is reviewing the fee schedule.

Revamp PEG
Channel Enhance public outreach content
Equestrian
Evacuation
Guidelines

Establish equestrian evacuation guidelines.

Progress Since July 31, 2024 Workshop:
• Staff conducted an Equestrian Round Table on October 7, 2024 to discuss the current and planned large animal evacuation plans. This meeting was attended by City staff, City Council Members, and members of the public/equestrian community stakeholders.
• Continued work to coordinate with Riverside County Emergency.

Management Department (EMD) and various public stakeholders for animal evacuations.
• Development of a draft evacuation plan that can be shared with emergency responders.

Continued work with Genasys Evacuation Software for improved messaging during evacuations.

Hawk Ranch Meeting with Hawk Ranch regarding new Conditional Use Permit (CUP) requirements. (Complete)
Champions for
Murrieta
Add a presentation to Council meetings to recognize an individual local community champion selected by a Council Member on a rotating basis. (Remove; now an operational item)

178
ADMINISTRATIVE SERVICES:

Risk
• ADA Transition Plan implementation
• Technology implementation for the Certificate of Insurance review process • Liability and Workers' Compensation root cause and data analysis • Partner with risk pool on new general liability program changes Information Systems
• City core switch replacements
• Telework technology coordination
• Technology procurement policy
• Citywide support and training on the transition from shared drives to SharePoint • Finalize customer service guiding principles and survey the organization Human Resources
• Telework policy implementation
• Employee Handbook and policy updates
• Implementation of new legislative requirements, including SB 1100 and AB 2561 • Classification and compensation studies and associated changes • Support new employee development initiates, including training management

CITY DEPARTMENTS -TOP PROJECTS LIST
179
CITY CLERK:

Administrative Improvements
• Agenda workflow process improvements
• Full utilization of Commissions, Committees, and Boards (CCBs) software • City Council and Administrative Policy Review
• Department service ticketing system for internal and external customers Election
• Pursue installation of Permanent Ballot Boxes
City Clerk Procedural Legal Compliance
• Assembly Bill 1170 - Political Reform Act of 1974: filing requirements • Assembly Bill 557 – Open meetings: local agencies: teleconferences (Brown Act) • Assembly Bill 764 – Local redistricting
• Assembly Bill 63 – Canvass of the vote: reporting results • Website and Meetings Accessibility (Americans with Disability Act) • Form 700 Biennial Review of Positions
• Fair Political Practices Commission Audit (Annual)
Informational Governance
• Records Accessibility
o Public and e mployee access to On Base Unity, the Electronic Content Management System (ECMS)
o Continued paperless initiative: Scan and upload paper records into the City’s ECMS o GovPartner to EnerGov migration for record accessibility: Partner with Development Services on a mitigation plan
o Records Management project for Off-Site Facilities (9 Locations) o Off-Site Storage facility (Corodata) records audit: Non-inventoried boxes at Corodata • Public Records Legal Compliance
o Immutable Cloud: Establish an immutable cloud backup solution for City records to satisfy State mandates
o City Council and Administrative Records Audit: Align the City to conform with legal mandates and records management best practices

Engagement and Participation
• Explore implementation of citywide digital information kiosks o Implementation would e liminate the manual process for delivering and posting paper copies of legally required public notices and meeting agendas o During Fiscal Year 2025/2026, Clerk’s Office staff will work with Information Technology to explore implementation of one kiosk in each of the five City Council d istricts, including potential devices and locations, in order to calculate a potential project budget for future City Council consideration
o This project would increase public access to all City notices and other City information, as well as greatly enhance staff productivity and efficiency • Efforts to encourage voter registration by Murrieta citizens • Improved recruitment for Committees, Commissions, and Boards (CCBs) • Partner with Murrieta Valley Unified School District to foster awareness among high school students of their civic responsibilities and opportunities • CCB training and resources 180

• Provide staff support for regional effort to expand four -year public education opportunities in Southwest Riverside County, working with Mt. San Jacinto College and many other stakeholders from various sectors
• Provide staff support for Southwest Elected Leaders Collaborative, with a current focus on advocacy for long-range improvement to regional traffic and transportation • Support City Council -led efforts related to advocacy about local control of land use and housing development
• Oversee strategic communications efforts across the organization to inform and educate the community on important City initiatives and projects
• Public Safety Training Facility
o No work is planned at this time, pending more information from Mt. San Jacinto College on their financial readiness to participate in funding the project • Equestrian Center
o No work is planned at this time, other than emergency or critically necessary repairs • Fire Station 6
o Complete the property purchase following the due diligence and escrow processes o Begin to identify alternative operational models, including interim solutions prior to construction
o Begin architect selection process once escrow has closed AND the City feels financially ready to move to the next phase of the project
• Town Square Amphitheater
o For 2025, oversee year two (2) of events with Newman Hospitality Group , and complete a review of the two -year pilot to determine next steps. and activate the space with other nonprofit groups during the 24-Month Pilot period with CSD • Solid Waste/Environmental Programs
o Continued work implementing the CalRecycle requirements and man aging the City’s franchise agreement with Waste Management
• Manage administration of the Community Development Block Grant program • Develop a proposed Public Art program (presently on Tier 3) • Public Works Yard Improvements
o During FY 2025/26, complete construction of retaining wall, installation of trailers, security upgrades, annexation into the water/sewer system , and consolidation of Public Works staffing at one facility
• Work with the Fire Department on remodel projects at Fire Station 1 (2025) and in the future, 2 and 3, as well as installation of new generators at City Hall and Fire Station 1 , anticipated for late spring/summer 2025 upon availability of the generators
• Complete the re-roofing project for City Hall
• The City Hall HVAC was completed in FY 23, and a City Hall Master Plan has not been established • Continue to pursue development of the Los Alamos Soccer Complex, including resolution of pending environmental issues
• Surplus Land process and sale for various parcels of City property • Work with the Fire Department to oversee organization -wide emergency preparedness and response efforts, including staff training

CITY MANAGER’S OFFICE:
181
COMMUNITY SERVICES:

Parks and Recreation
• Completion of Parks Master Plan
o Approval from Parks Commission
o Approval from Planning Commission
o Approval from City Council
• Completion of Trails Master Plan
o Approval from Parks Commission
o Approval from Planning Commission
o Approval from City Council
• Tot Lot Replacement – determine if future tot lot replacement funding is available • Planning for upcoming aquatics season at Vista Murrieta High School • Special Events
o Determine a standardized 5k course and maximum number of events that may cause street closures downtown
o Continue dialogue on Town Square Amphitheater events and fee structure

Parks and Recreation CIP Projects

• Town Square Parking Lot Improvements - Under construction, estimated completion March 2025 • Glen Arbor Dog Park
o Design is complete; currently advertising for construction bids o Estimated construction start date - April 2025
o Estimated construction completion - Summer 2025
• Tot Lot Replacement
o Phase I – Completion in March 2025
 Planning ribbon cuttings
o Phase II – Complete
o Install fencing along certain Phase I projects for safety • Pickleball Courts
o Completed design for Firefighters Park
o Complete design for Alderwood by February
 Estimated date for Council to award construction at Alderwood - April/May 2025  Estimated beginning of construction - Summer 2025
 Estimated completion of construction - 60 days after construction begins • Plan for future Park’s Department CIP projects
o Community Center court lighting
o Cal Oaks Park lighting
o Pioneer Park
o Cal Oaks skate park fencing (Public Works Maintenance project, CSD to assist) o Mapleton Park shade covering
o Determine feasibility of Cal Oaks Pool project

182
Library
• Implementation of the Library Strategic Plan
o Prepare for extended hours once staffing is in place
o Library Children’s Area Expansion project:
o Complete the design phase
o Complete the public bidding process to hire a construction contractor o Award a contract for construction
o Break ground on construction in summer 2025
o Construction is estimated for completion in summer 2026 • Plan for future Library CIP projects
o Flooring/soundproofing
o Building rain drainage mitigation
o Community Room technology upgrade
o Library book lockers/vending machine
Homeless Services
• Implementation of the Regional Homeless Action Plan
o Formalize the four-city collaboration
• Implementation of the $12.6 million Encampment Resolution Fund grant through a four-city collaboration
o Approval of an agreement between Riverside County and City of Murrieta o Release an RFP to hire street outreach and housing navigator contractor o Release an RFP to hire a consultant to oversee regional collaboration and assist with implementation of Regional Homeless Action Plan
o Implement personnel plan, consistent with the grant funding • Create a regional by-name list
• Develop a strategic plan for Murrieta’s Homeless Services division

183
ECONOMIC DEVELOPMENT:

• General Plan Consistency Update/ Climate Action Plan Update and Implementation • Triangle Project Implementation
• Revised Site Plan Approval for Marketplace Shopping Center Development • Murrieta Hills Specific Plan Implementation
• Vineyard Specific Plan Amendment & Tentative Tract Map for +/- 800 Units • Completion of Hillside Ordinance revisions
• Madison Corridor Specific Plan (if funded)
• Implement City Council directives regarding the Keyhole area • Process Improvement Review with all stakeholders.
• Next steps of environmental review for development of the Los Alamos Hills Soccer Complex Project • Noise & Lighting Ordinance revisions
• Tiered Beer and Wine Ordinance
• Multi-Family Objective Design Standards Updates
• Complete implementation of the Code Enforcement Enterprise Permitting & Licensing (EP&L - formerly Energov) module , as well as facilitating EP&L modifications for Building/Planning/Code Enforcement with IT and staff user group
• 2025 Building Code Adoption
• Building Official Promotion/ Recruitment
• Support remaining Code Enforcement Ad Hoc Committee efforts , including next steps for implementation of any recommendations
• Support Planning-related efforts for implementation of a Public Art program, if Council opts to proceed (currently Tier 3)
• Begin building a Planning Division knowledge base for critical topics , procedures, and FAQ s of commonly asked zoning questions
• Create a training plan for P lanning & Intel (P&I) Emergency Operations Center (EOC) section members, mostly staffed by Planning Division employees
• Gather data on existing vulnerable populations for use in the EOC for the P&I section. • Re-establish annual development agreement reporting
• Facilitate relevant “lunch and learn” training topics for Development Services Department staff

• Potentially proceed with next steps of the Madison Corridor Specific Plan, presently a Tier 1 project, and in order to proceed, funding approval is needed as part of the FY 2025/26 budget • Consider developing an incentive program to attract new restaurant s, similar to those offered by neighboring communities
• Explore potential expansion of the Revolving Fund for infrastructure in the Downtown to encourage development
• Pursue grant funds for ongoing l ab management and supplies for the wet lab at the Murrieta Innovation Center
• Complete next steps for implementation of the freeway overpass branding signage . This project is on-hold pending funding

DEVELOPMENT SERVICES:
184
FINANCE:

• Master User Fee Annual Update
• Development Impact Fee Annual Update
• Annual update of fully burdened hourly rates for staff, used for calculating reimbursements • Hourly Rate Annual Update
• Implementation of public safety and maintenance services Community Financing Districts (CFDs) • Development of Biennial Operating Budget
• CIP Budget Development
• Develop a Fleet Replacement Program
• Complete preparation of Financial Statements and Single Audits • Implement new software to automate, streamline, and manage citywide contracts • Complete n ext steps to establish a loan from future Library Development Impact Fees for the Library Expansion Project
• Work with the Community Services and Public Works departments to 1) complete a review of the current status of the financial position of the landscape/lighting maintenance districts and Community Services District Lettered Zones and establish a plan to correct the negative cash flow for several districts, requiring the General Fund to fund their operating shortfalls. This endeavor would require a significant community engagement effort to be successful, and 2) review the current model for how the budgets for parks maintenance/landscape lighting district services are structured and divided for improved ease of administration • Request for Proposals
o Banking and Merchant Services
o Municipal/Financial Advisor Services
o Investment Advisor Services
• Major Projects
o Lead the efforts to transition to a new Financial Management System . This project will involve issuing a Request for Proposal, selecting qualified vendors, and collaborating closely with key stakeholders across various departments and end users to ensure the new Financial Management S ystem meets the needs of the City. This project will take two to three years to implement
• Financial Policies in order of Priority
o Investment Policy (update)
o Accounts Receivable/Write-off (new)
o Budget Policy (new)
o CIP Budget Policy (new)

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Fire Suppression
• Truck Operations Training - Tiller truck implementation • Hire three additional personnel to take the tiller-truck to a four-person crew • Research and implement new traffic preemption systems
• Develop preplans for Target Hazards utilizing First Due Software • Write SAFER Grant to hire nine personnel to support the opening of Fire Station 6 • Provide training to neighboring agencies on Public Safety Emergency Communications ( PSEC) Radio System
Fire Prevention
• Conduct annual State Mandated business inspections
o Hotels/Motels/Boarding Houses (all)
o Apartment Buildings (all)
o Schools (all private and public)
• Conduct annual Defensible Space Inspections of all properties in the Very High Fire Severity zone (14,000+)
• Complete business inspections for more than 3,000 businesses in the City and establish a regular schedule of reinspection
• Update the City's Community Risk Assessment , modeling high -risk occupancies and population groups within the City
• Process City-wide permits, development plans, and pre-fire considerations on projects • Inspect all new construction in the City
• Convert record keeping for inspections to the new First Due Software Platform • Implement the hazardous brush clearing program for City properties using grant funds Emergency Management
• Update the City’s Emergency Operations Plan
• Update the Safety Element of the General Plan
• Continue implementing Genasys Evacuation System for the City • Continue training all EOC personnel to the level of Minimum Qualifications for their positions Fire Administration
• Develop a Capital Replacement Plan for fixed and rolling Fire Department assets • Continue tracking the implementation of EnerGov and ensuring the appropriate routing of revenue is occurring
• Develop a Fi re Department onboarding and offboarding process specific to individual employee positions
• Complete the remodel projects for Stations 1, 2, and 3 • Work on planning for the Public Safety Training Facility • Early stage planning for future Fire Station 6
FIRE DEPARTMENT:
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PUBLIC WORKS/ENGINEERING:

• Oversee acquisition of the Mobile Command Center using federal funding • Implementation of the module for the public to submit low -level police reports online, estimated to occur in approximately summer 2025, pending budget approval • Remodel the Traffic Bureau office space, pending budget approval • Implementation of the “Drone as First Responder (DFR)” Program • If/when the design phase proceeds for Fire Station 6, w ork on concepts/needs assessment for a potential Police sub-station to be included

• Continued progress toward completion of the Keller Road at I -215 Interchange, including completion of the environmental document, the design phase, and right-of-way acquisition • Oversee completion of the Public Works Yard improvements and relocation of staff from other off - site areas
• Implementation of the ADA Transition Plan, based on requirements of the Consent Decree • Develop a Citywide Open Channel Annual Maintenance Program , including completion of the permitting requirements
• Complete construction of the Murrieta Hot Springs Road w idening project from Margarita Road to Winchester Road
• Complete construction of the Murrieta Hot Springs Road right-turn lane to the Murrieta Plaza shopping center

POLICE DEPARTMENT:
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CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. 8.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Brian Ambrose, Community Services Director
PREPARED BY: Brian Crawford, Senior Program Manager - Parks & Recreation SUBJECT:

Award Construction Contract for Glen Arbor Dog Park Project

RECOMMENDATION
Award the construction contract for the Glen Arbor Dog Park Project, Capital Improvement Project (CIP) No. 8273, to the lowest responsible bidder, Voltaire Engineering, LLC., in the amount of $924,277, plus a 15% contingency;
Amend the Fiscal Year 2024/25 Operating and Capital Improvement Plan budgets to provide an additional budget appropriation for Capital Improvement Project No. 8273 as detailed in the fiscal impact statement; and Authorize the Mayor to execute the agreement.

PRIOR ACTION/VOTE
On June 4, 2024, the City Council adopted Joint Resolution No. 24-4745, approving the Capital Improvement Plan budget for Fiscal Years 2024/25 and the Capital Improvement Plan for Fiscal Years 2024-25 to 2028/29 (Vote: 5-0).

CITY COUNCIL GOAL
Coordinate and deliver responsive, effective community services.

BACKGROUND
Glen Arbor Park (Park), at the corner of Jackson Avenue and Nutmeg Street, was originally established as a community park by the County of Riverside prior to the incorporation of the City of Murrieta. The Park is largely undeveloped and has a large slope, wooded areas, and a small stream during the rainy seasons. The Park’s natural setting makes it a popular destination for family pictures, hiking, and dog walking. Over the years, the Community Services Department (CSD) has fielded many safety complaints from residents concerned about the presence of off-leash dogs at the Park, a behavior that is difficult to change.

In January 2022, CSD staff applied for and was awarded a grant in the amount of $247,627, in Proposition 68 funding (Grant) known as the California Drought, Water, Parks, Climate, Coastal Protection, and Outdoor CITY OF MURRIETA Printed on 3/13/2025Page 1 of 3
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Agenda Item No. 8.
funding (Grant) known as the California Drought, Water, Parks, Climate, Coastal Protection, and Outdoor Access for All Act of 2018, which is a bond measure that funds parks, water, and environmental projects in California. The funds from the Grant must be spent by June 30, 2028. Staff identified an opportunity to provide an amenity for the community by using the grant funds to design and build large and small dog parks at Glen Arbor (Project) that would be ADA-accessible and usable by all residents. The new, enclosed areas, along with additional signage, may serve to curb the issue of owners allowing their dogs to be off-leash in the Park.

During the design process, it was decided to include a small, 12-space parking lot with ingress and egress on Nutmeg Street. There is currently no parking allowed on Jackson Avenue or Nutmeg Street. When the Park is busy, most visitors park on the north side of the Park in the adjacent neighborhood off of Via De Gema Linda, which creates traffic congestion. The new parking lot is intended to provide some relief for the traffic in response to comments from neighboring residents about the design of the new dog park. The total cost for inclusion of the parking lot is approximately $267,000, which includes the design, construction, striping, and construction-related consulting services. The cost for the parking lot was not included in the original project budget, nor in the amount presently budgeted for this project.

Park improvements to be provided as part of this Project include:
· Enclosed areas for large and small dogs with play features; · Shade structures with seating;
· Water fountains that include separate outlets for both owners and pets; · ADA-accessible, switchback-style concrete walkways with handrails to take pedestrian traffic down the slope;
· 12-space parking lot;
· ADA improvements to the curb ramp at Nutmeg Street and Via De Gema Linda and designated path of travel for park access; and
· Landscape improvements.

The City published the competitive bid opportunity for the Project to PlanetBids on January 15, 2025, and publicly advertised the Project in a regional newspaper on January 18, 2025, and again on January 28, 2025.

Ten (10) bids were received prior to the extended deadline of 2 p.m. on February 17, 2025, as follows:

Contractor Total Bid
Voltaire Engineering $924,277.00
Leonida Builders $976,762.50
DeArk E&C $984,043.00
Aster Construction Services $1,120,918.00
ZECO $1,132,493.21
Elegant Construction $1,169,179.50
Roadway Engineering & Construction $1,288,012.50
RG General Engineering $1,384,254.00
C.S. Legacy Construction $1,602,820.69
Asphalt Fabric and Engineering $1,737,233.90
The total bid amount was the basis for awarding the Project. The bids were reviewed, and the item prices were determined to be consistent with today’s construction market.

Staff recommends that the contract be awarded to the lowest responsible bidder, Voltaire Engineering, LLC., in CITY OF MURRIETA Printed on 3/13/2025Page 2 of 3
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Agenda Item No. 8.

Staff recommends that the contract be awarded to the lowest responsible bidder, Voltaire Engineering, LLC., in the amount of $924,277, plus a fifteen percent (15%) contingency of $138,641.55.

No bid protests were received for the Project.

FISCAL IMPACT
The total cost for the Glen Arbor Dog Park Project (CIP No. 8273) is anticipated to be $1,671,461.80, including the design, construction, soft costs for project management and consulting services, park furnishings, and contingency.

The total fiscal impact for the construction contract alone is $1,062,918.55, which includes a 15% contingency.

Additionally, funds amounting to $75,138 are needed for geotechnical consulting services during construction and other construction support services. Geotechnical services are necessary for facets of the project, such as secondary inspections and testing compaction, particularly considering the construction of the parking lot and the sidewalk to be constructed on the slope.

Presently, this Project has an available budget of $449,205.83. To fund the remaining construction cost, the fifteen percent (15%) contingency, and additional construction support expenses, staff is requesting an additional budget appropriation of $688,850.80, from four funding sources, as shown in the table below:

Additional Project Funding
Source
Amount GL Account JL Account
Fund 140 (RSA Fees) $205,363.89 1407500-71150 08273140-500 Fund 182 (Local Zone B) $47,486.91 1827500-71150 08273182-500 Fund 112 (General Capital) $136,000.00 1127500-71150 08273112-600 Fund 133 (Park DIF) 300,000.00 1337500-71150 08273133-500 Staff recommends using $136,000 in ARPA Fund interest earnings to cover the remaining construction cost contingency. Specifically, staff suggests an operating transfer of $136,000 from the ARPA Fund (374) to the General Capital Fund (112). If the contingency funds are not needed for construction, the funds will be transferred back to the ARPA Fund for future use.

The increased cost of the project compared to the original budget is a result of both the addition of the parking lot, which was not contemplated as part of the initial project concept or budget, and the construction bid being nearly 30% more than anticipated.

ATTACHMENTS

1. Construction Contract & Proposal - Voltaire Engineering, LLC CITY OF MURRIETA Printed on 3/13/2025Page 3 of 3
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PUBLIC WORKS CONSTRUCTION CONTRACT
WITH THE City OF MURRIETA (“CITY”)
FORMAL BIDDING OVER $200,000
Project Name/Description (“Project”): GLEN ARBOR DOG PARK IMPROVEMENTS Contract Number: CITY PROJECT NO. 23-464/CIP 8273
Contractor Name (“Contractor”): Voltaire Engineering
Contractor Business Type: Limited Liability Company (LLC) Contractor Address: 1460 Cambridge Ave, Redlands, CA 92374 Contractor Representative Name and Title (“Contractor Representative”): Peter Delgado, Chief Executive Officer
Contractor Representative Work Phone and Email: 909-747-8414, [email protected] Contract Days: 100 Days
Liquidated Damages Sum (per day): $500
Termination Date: 2/28/26
Total Not-To-Exceed Contract Amount (“Contract Sum”): $924,277.00 City Department Contact (“Project Manager”): Brian Crawford, Senior Program Manager Department Contact Work Phone and Email: 951-461-6047, [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 circulated a Notice Inviting Bids for the above-described services.

Contractor submitted a bid and was determined to be the lowest responsible bidder.

Click or tap here to enter text.

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This Contract, made and entered into effective on the date executed by the City, by and between the City of Murrieta, a municipal corporation, hereinafter referred to as " City," and the above- referenced Contractor.

The 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: Notice Inviting Bids, Instructions to Bidders, Proposal, Performance Bond, Labor and Materials Bond, Plans, General and Special Provisions, Insurance Forms, this Contract, and all modifications 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 Californi a State Standard Specifications, Section 86, "Signals, Lighting and Electrical Systems," and Section 56, "Signs," dated May 2006.

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 Povisions, 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.

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 above-referenced Project.

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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, equipment, 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 and Contractor agrees to receive and accept the prices set forth in their bid as full compensation 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 prior 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 difficulties 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. The total of all payments made to Contractor shall not exceed the Contract Sum set forth above.

Contractor agrees to complete the work on the Project in a period not to exceed the Contract Days set forth above per Section 6 -7 of the Standard Specifications for Public Work 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. Contract Days shall be computed as calendar days and not as working or business days.

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:

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 the Project Manager, in writing, submit satisfactory evidence of payment for equipment, materials and labor, submit " Contractor’s Affidavit." Upon receipt of the notification, the Project Manager 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 194

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 Liquidated Damages Sum set forth above p er 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 I ndustrial Relations. These rates are on file with the 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 LIABILITY 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 pr ovisions before commencing the performance of the work of this Contract."

11. TIME OF THE ESSENCE. Time is of the essence in this Contract.

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12. INDEMNIFICATION. All work 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 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. Contractor’s duties and services under this Contract shall not include preparing or assisting the City with any portion of the City’s preparation of a request for proposals, request for qualifications, or any other solicitation regarding a subsequent or additional contract with the City. The City shall at all times retain responsibility for public contracting, including with respect to any subsequent phase of this project. Contractor’s participation in the planning, discussions, or drawing of project plans or specifications shall be limited to con ceptual, preliminary, or initial plans or specifications. Contr actor shall cooperate with the City to ensure that all bidders for a subsequent contract on any subsequent phase of this Project have access to the same information, including all conceptual, preliminary, or initial plans or specifications prepared by Contractor pursuant to this agreement

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

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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 r esolution 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 genera l 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.

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 conferences, non -binding judicial -supervised mediation, and judicial arbitration to resolve disputes on construction claims of $375,000 or less. Section 92 04 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 extra 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 197

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 contractu al 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. (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 this 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 within 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. 198

(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 identifi ed 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 disputed 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 charg ed by its respective mediator in connection with the selection of the neutral mediator.
(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 condit ions, inc luding 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:
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(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 pri or 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 medi ator, 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 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 1141.11 of that code. The Civi l 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 other 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.

25. HAZARDOUS CONDITIONS.
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(a) Contractor shall, without disturbing the condition, notify City, in writing, as soon as Contractor, or any of Contractor's sub contractors, agents, or employees have knowledge and reporting is possible, of the discovery of any of the following conditions:
(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.

26. CARB COMPLIANCE. For a project involving the use of in -use off-road diesel-fueled vehicles, as defined by 13 CCR 2449, Contractor shall obtain copies of the valid Certificates of Reported Compliance, as described in 13 CCR 2449(n), for the fleet performing services pursuant to this contract and all listed subcontractors, if applicable, prior to commencing any work pursuant to this Contract or any renewed contract with that fleet. Contractor shall indemnify, defend and hold harmless the District, its officers, agents, employees and directors from any liability imposed arising from Contractor’s violation of any regulation set forth in 13 CCR 2449.

27. 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 a nd acceptance notwithstanding any payments or other prior inspections. Such final inspection shall be made within a reasonable time after completion of the work.

28. 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.

29. GOVERNING LAW. This Contract and any dispute arising hereunder shall be governed by the law of the State of California.
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30. 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, directed to the address of Contractor as set forth above, and to City addressed to the Project Manager as follows:

City of Murrieta
1 Town Square
Murrieta, CA 92562

31. 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 A are hereby incorporated herein by this reference. If no federal funding is being utilized, Exhibit A may be omitted.

[SIGNATURES ON FOLLOWING PAGE]
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01375.0001/1008641.1 -12-

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date and year set forth below.

City:

CITY OF MURRIETA, a California municipal
corporation
By:

Cindy Warren, 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: Peter Delgado
Title: CEO
Date:

By:

Name:Peter Delagado
Title:CFO
Date:
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2-14-25

VOLTAIRE ENGINEERING, INC
204
50,000 50,000
155,000 155,000
6,000 6,0000
5,000 5,0000
3,040 3,040

69.00 87,630

12.00 75,360
150.00 37,500

22.00 15,840
250.00 21,000
120.00 10,320

80.00 14,880
12,000 12,000

73.00 20,075

55.00 10,230

12.00 1,968
300.00 2,190
3,500 3,500

13.00 21,645
200.00 12,800

6.00 2,130

85.00 2,635

80.00 480.00

22.00 1,364

11.00 1,815

50.00 350.00
120.00 360.00

22.00 3,740
205
900.00 900.00

60.00 540.00

5.00 5,150
100.00 200.00

80.00 4,960
450.00 12,600
500.00 600.00
120.00 720.00
800.00 1,600
100.00 200.00
6,000 6,000
56,000 56,000
67,000 67,000

3.00 36,435
150.00 100,650
2,500 10,000
2,700 10,800

25.00 8,750
500.00 3,000
10,920 10,920
600.00 600.00
600.00 1,200
600.00 600.00
4,500 4,500
924,277.00
NINE HUNDRED TWENTY FOUR THOUSAND, TWO HUNDRED SEVENTY SEVEN DOLLARS. 206

BID BOND
2-14-25
1120610
PETER DELGADO. CEO, CFO, SEC.
909-747-8414
1- 2/5/25
207

PRESTIGE PAVING

MARINA LANDSCAPE
AB FENCE CO.9,21,44,45,46
6,35,36,41,42,43,53
V&E TREE SERVICETREE R. 714-997-0903 ORANGE CA
844-707-0007 BEAUMONT CA
714-939-6600 LALE ELSINORE CA
11,17 714-888-7555 LA MIRADA CA
208
PLEASE SEE ATTACHED. THANK YOU.
209

VOLTAIRE ENGINEERING,
INC.

COMPLETED AND ON-GOING PROJECTS
Instagram @VOLTAIRELLC44
2/10/2025

PETER DELGADO
CSLB # 1120610 Class. A.B.

DIR # PW-LR-1001073453
1460 Cambridge AVE
Redlands CA 92374
909-747-8414
Email. [email protected]
Project: RIO HONDO IMPROVEMENTS. Started 2/7/25 -on going Contract Amount: $437,518
Adan Ramirez- Tel 323-887-1462
Project Manager
[email protected]
City of Montebello/Public Works Department

Project: Santa Ana River Trail Improvements. Start 9/9/24 COMPLETED 11/21/24 Contract Amount: $232,037.00
David Hatch
Chief of Inspectors
[email protected]
City of Riverside/Public Works Department
3900 Main Street
Riverside, CA 92501
Direct: 951-826-5723
210

2 Project: Berkshire Place Bridge over Flint Canyon Channel - Approach Barriers and Guard Rail: Start 8/5/24, completed 9/3/24
Contract Amount: $278,826.00
Maged El-Rabaa, P.E.

City Engineer
Public Works Department
City of La Cañada Flintridge
One Civic Center Drive
La Cañada Flintridge, CA 91011
Office: (818) 790-8882,Ext 205 | E: [email protected]

Pasadena Unified School District- 100% Completed 7/25/24 as a Sub for Building Resources Inc.

Project Name: - CAMPUS FIRE ALARM UPGRADES- Clearing & Grubbing of 25,000Sf of track, Remove & dispose of 462 tons of native soil. Import 560 Tons of Stabilized Decomposed Granite.

Contract Amount: $259,000 @VOLTAIRELLC44
Contact Person: Wendy Mojica, Project Director
Tel: 714-785-8195

Perris Elementary School District- 100% Completed 6/21/24 as a Sub for Building Resources Inc.

Project Name: - CAMPUS FIRE ALARM UPGRADES- Demolition of 4 Modular buildings, Demo concrete, Demo asphalt, Over excavate and recompact.

Contract Amount: $221,000 @VOLTAIRELLC44
Contact Person: Wendy Mojica, Project Director
Tel: 714-785-8195

City of Inglewood 100% Completed 6/4/23 IG @VOLTAIRELLC44 Project Name: “Vincent Park Soccer Field Parking Area Improvement Project” Contract Amount: $198,049.88
Contact Person: Kenrick Sanderlin, Associate engineer
Email: [email protected]
Tel: 310-412-5333

211

3 City of Corona Slope Repair Project IG 100 % Complete 5/30/24 @VOLTAIRELLC44
Contract Amount: $478,759.02
Tel: Alan Zhang . Associate Engineer.

Office: 951-736-2236
Email: [email protected]

City of Riverside 100% Complete 11/14/23 IG @VOLTAIRELLC44

Project Name: Rustin Ave sidewalk improvements
Contract Amount: $158,258.00
Contact Person: David Hatch, Chief of Inspectors. Email: [email protected] Tel: 951-826-5723

City of Rancho Cucamonga 100% Complete 11/16/23 IG@VOLTAIRELLC44 Project Name: Arbor Substation improvements
Contract Amount: $497,512.00
Contact Person: Trina Valdez,
Email: [email protected]
Utilities Operations Supervisor
Tel: 909-774-4014

City of Inglewood 100% Completed 12/11/23 IG @VOLTAIRELLC44 Project Name: VINCENT PARK DECOMPOSED GRANITE PROJECT, CB-23-16 Contract Amount: $190,800
Contact Person: Hung Nguyen-Hunter.

Email: [email protected]
Tel: 310-412-5111

County of Los Angeles Public Works 100% Complete. IG @VOLTAIRELLC44 as Sub for HHJ

Project Name: Nicholas Canyon State Beach
Contract Amount: $360,000
Contact Person: Edward Kim, Project Manager
Tel: 818-335-3813
212
N/A
213
214
215
PETER DELGADO/VOLTAIRE ENGINEERING, INC.
1460 CAMBRIDGE AVE REDLANDS CA 92374
CEO, CFO, SEC. 2-10-25
VP 2-10-25
216
217
218
219
220
221
222

CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. 9.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Matthew Henry, Chief of Police
PREPARED BY: Dawnn Jackson, Management Analyst - Administration SUBJECT:

Notice of Completion for the City of Murrieta Police Department Exterior Painting Project, CIP 21016

RECOMMENDATION
Accept as complete the improvements for the City of Murrieta Police Department Exterior Painting Project, Capital Improvement Project (CIP) No. 21016;
Authorize the transfer of $109,725 in savings to CIP No. 21036, Traffic Bureau Improvement Project; and Direct the City Clerk to record a Notice of Completion, close CIP No. 21016, and release bonds in accordance with state law and city ordinances.

PRIOR ACTION/VOTE
On June 4, 2024, the City Council approved Resolution No. 24-4745, adopting the City's Capital Improvement Plan budget for Fiscal Years 2024/25 to 2028/29, which included funding for CIP No. 21016 (Vote: 5-0).

On December 3, 2024, the City Council approved an agreement with Mariscal Painting Inc. to paint the exterior of the City of Murrieta Police Station (Vote: 5-0).

CITY COUNCIL GOAL
Provide a high level of innovative public safety.

BACKGROUND
On December 3, 2024, the City entered into an agreement with Mariscal Painting, Inc. to paint the exterior of the Police Station, CIP No. 21016, for a total of $78,500, with an additional 15% contingency.

During the course of the project, additional services were required, resulting in two change orders totaling $7,261.25, for painting several metal gates, the trash enclosure, and some of the back parking lot solar system support poles. This additional cost was within the 15% contingency.

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Agenda Item No. 9.

Mariscal Painting, Inc. has invoiced the city for a total of $90,275. The final payment to Mariscal Painting, Inc. for the five percent retention is expected to be $4,513.75.

Invoice#1 $85,761.25
Total Payment Amount to Date $85,761.25
5% Retention Withheld:

Invoice#1 $4,513.75
Total Retention Payments $4,513.75
Staff inspected the improvements and found them to be satisfactory, and recommends formal acceptance by the City Council of the project as complete.

FISCAL IMPACT
The total cost for CIP No. 21016 is $90,275.00, which is within the $200,000 budget provided for this project.

Staff recommends that the City Council transfer the cost savings of $109,725, from this completed project, CIP No. 21036 for the Traffic Bureau Improvement Project.

ATTACHMENTS

1. Notice of Completion - CIP No. 21016: City of Murrieta Police Department Exterior Painting Project CITY OF MURRIETA Printed on 3/13/2025Page 2 of 2
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RECORDING REQUESTED BY: CITY OF MURRIETA
When recorded return to:

City of Murrieta
Attn: City Clerk
1 Town Square
Murrieta, CA 92562 Space above for Recorder’s Use

NOTICE OF COMPLETION
Construction of
CITY OF MURRIETA POLICE DEPARTMENT EXTERIOR PAINTING PROJECT, CIP NO. 21016

Notice is hereby given that: No Fee Per Government Code 27383

1) The undersigned is owner of the interest or estate stated below in the property hereinafter described.
2) The full name of the undersigned is City of Murrieta, a municipal corporation. 3) The full address of the undersigned is 1 Town Square, Murrieta, CA 92562. 4) The nature of the title of the undersigned is: Exterior Painting. 5) A work of improvement on the described property was substantially completed on February 7, 2025.
6) The name of the contractor for such work of improvement is Mariscal Painting, Inc. 7) The property on which said work of improvement was completed is in the City of Murrieta, County of Riverside, State of Californi a, and is described as fol lows: City Capital Improvement Plan #21016, Murrieta Police Station, APN 906-080-061. 8) The street address of said project is 2 Town Square, Murrieta, California 92562.

CITY OF MURRIETA

______________________________
Jeremy Durrant, Police Captain

VERIFICATION OF CITY CLERK
I, the undersigned, say:

I am the City Clerk of the City of Murrieta; the City Council of said City on __________________, 20____, accepted the above described work as completed and ordered that a Notice of Completion be filed.

I declare under penalty of perjury that the foregoing is true and correct.

Executed on ________________, 20____, at Murrieta, California.

CITY OF MURRIETA

______________________________
Cristal McDonald, City Clerk
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CITY OF MURRIETA
City Council Meeting Agenda
Report
3/18/2025
Agenda Item No. 10.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Bob Moehling, Public Works Director
PREPARED BY: Garrett Strang, Civil Engineering Assistant SUBJECT:

Engineering and Environmental Design Consulting Services for the Menifee Road Improvements Project, CIP No. 13030

RECOMMENDATION
Approve a Purchase Order amendment with Michael Baker International in the amount of $111,306, increasing the original amount from $258,594 to $369,900, for additional engineering and environmental design consulting services for the Menifee Road Improvements Project, Capital Improvement Plan (CIP) No. 13030; and
Amend the Fiscal Year 2024/25 CIP by establishing an appropriation of $150,000, into CIP No. 13030, from the Gas Tax Fund unassigned fund balance.

PRIOR ACTION/VOTE
On April 18, 2023, the City Council approved a purchase order with Michael Baker International in the amount of $258,594 for engineering design consulting services for the Menifee Road Improvement Project, CIP No. 13030 (Vote 5-0).

On June 20, 2023, the City Council authorized and executed an on-call agreement with Michael Baker International to provide services for various Capital Improvement Projects (Vote 4-0).

On June 4, 2024, the City Council approved Resolution No. 24-4745, approving the Capital Improvement Plan Budget for Fiscal Year 2024/25, and the Fiscal Year 2024/25 to 2028/29 Capital Improvement Plan, which included the Menifee Road Improvements Project, CIP No. 13030 (Vote 5-0).

CITY COUNCIL GOAL
Plan, program and create infrastructure development.

BACKGROUND
On April 18, 2023, the City Council approved an agreement* with Michael Baker International (MBI) for environmental and engineering design services necessary to construct Menifee Road between Clinton Keith CITY OF MURRIETA Printed on 3/13/2025Page 1 of 3
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Agenda Item No. 10.
environmental and engineering design services necessary to construct Menifee Road between Clinton Keith Road and Los Alamos Road. Currently, Menifee Road is a 400-foot stretch of unpaved road. The purpose of this street improvement is to connect Clinton Keith Road and Los Alamos Road with a paved road which will improve traffic circulation, create a safe path of travel, improve emergency response, and significantly reduce the ongoing maintenance associated with maintaining and repairing a dirt road after a major rain event.

The following tasks are included in MBI’s previously approved base scope of work:
· Research and investigation;
· Survey and control;
· Environmental exemption and limited technical studies; · Geotechnical investigation;
· Hydrology and hydraulic study;
· Vertical and horizontal alignment design;
· National Pollutant Discharge Elimination System (NPDES) compliance; · Final improvement plans (in addition to 30%, 60% and 90% submissions); · Project specifications, cost estimate, and project management; · Legal descriptions and plats; and
· Add Alternate: Initial Study/ Mitigated Negative Declaration (IS/MND)** **Please note that the Add Alternate scope for Initial Study/Mitigated Negative Declaration (IS/MND) was contingent on the outcome of the Environmental Exemption.

After preliminary environmental and design tasks commenced, the design consultant uncovered several concerns that will require additional services. These concerns include:
· The property adjacent to Menifee Road on the west side (APN 900-030-037) is owned by the Riverside Conservation Authority (RCA) and designated as conservation land. The current alignment of the road runs across the RCA property;
· The Jurisdictional Delineation Analysis discovered riverine resources that will require regulatory agency permitting; and
· The project lies within a Multiple Species Habitat Conservation Plan (MSHCP) Criteria Cell. The subject portion of Menifee Road is not listed as a covered roadway within the MSHCP.

MBI has proposed a scope amendment to address the additional environmental needs associated with the aforementioned concerns. The following is a summary of the tasks included in MBI’s amendment:
· MSHCP Minor Amendment;
· Focused Burrowing Owl survey and report;
· Special status plant surveys and report;
· Resource agency coordination;
· Wildlife crossing design concepts;
· Additional support for MSHCP consistency analysis;
· Determination of Biologically Equivalent or Superior Preservation (DBESP); · Joint Project Review application (JPR);
· Crotch’s Bumble Bee Survey and Report;
· Regulatory resource agency coordination and permits; and · Additional hydrology/hydraulic studies and revisions to vertical/horizontal alignment.

FISCAL IMPACT
The total fiscal impact for the Engineering and Environmental Design Consulting Services is $369,900. The proposed Amendment to Purchase Order 3635 increases the amount by $111,306, bringing the total amount to CITY OF MURRIETA Printed on 3/13/2025Page 2 of 3
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Agenda Item No. 10.
proposed Amendment to Purchase Order 3635 increases the amount by $111,306, bringing the total amount to $369,900. Staff recommends amending the Fiscal Year 2024/25 Capital Improvement Plan by establishing an appropriation of $150,000, into CIP No. 13030 from the Gas Tax Fund unassigned fund balance.

ATTACHMENTS

1. Michael Baker International’s Proposal for Additional Engineering and Environmental Design Services - Menifee Road Improvements

2. Vicinity Map and ROW Map
* For a copy of the original agreement, please contact the City Clerk Department at [email protected].

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Baker JN : 195869
Request No.: AWR-03
Date: November 12, 2024

ADDITIONAL WORK REQUEST SUMMARY

Client: City of Murrieta

Project Name: Menifee Road

Summary of Additional Work: Biological Resources Services and Additional Work

As requested, this scope provides the requisite tasks needed for the project to amend and ensure consistency with the Western Riverside Multiple Spe cies Habitat Conservation Plan (MSHCP).

During the Western Riverside County Regional Conser vation Authority and Wildlife Agencies (RCA/WA) Monthly Meeting in July, it was determined that the project would require a Minor Amendment and focused studies for MSHCP Survey Area species for coverage under the MSHCP. Additionally, during the meeting, the RCA/WA suggested the City consider wildlife movement across Menifee Road; therefore this scope includes preparation of conceptual vertical and horizontal alignments for a modified culvert un der the proposed Menifee Road. The culvert will also facilitate the drainage flows and will be included in the stormwater and hydraulic reports.

Regulatory permitting tasks have also been incorpor ated into this scope. It is assumed that no supplemental topography is needed at this time. We have yet to determine if the proposed project will fall under a Categorical Exemption (CE) as ite ms that may trigger an ISMND (Task 15 from the original scope) are:
• Impacts and mitigation to replace MSHCP Conservati on lands • Habitat present for Crotch's Bumblebee that may re quire mitigation and replacement • Mitigation for impacts on MSHCP riparian/riverine resources and aquatic resources Tasks 6, 7, and 9 will identify if the resources li sted above are present, level of impact, and whether or not mitigation is triggered under CEQA. If mitigation is required MBI will move forward with the ISMND and then Regulatory Permitting under Task 10 (hereon). If mitigation is not required, MBI will continue with the CE and obtain Regulatory Permitting.

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Baker JN 195869, AWR 03
11/12/2024