Agenda packet — Murrieta City Council, August 18, 2026 (part 2 of 3)

CITY OF MURRIETA

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

FUND SUMMARY
Dividends Earned YTD 957,981.03
Federal Withholding YTD .00
7-Day Simple Yield 3.57558 %
Federal Withholding .00
Beginning Balance 55,125,774.79
Shares Purchased 24,307,718.98 +
Shares Redeemed 24,707,377.41 -
Ending Balance 54,726,116.36
Prior Month Dividends Paid to Checking 167,990.25
Dividends Earned in Current Month 161,178.70
Funds Pending Investment 16,569.13
131

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 06-07* 53,281,052.63 3.570 % .000097823 5,212.11
06-08 53,281,052.63 3.575 % .000097970 5,219.94
06-09 53,222,963.08 3.567 % .000097734 5,201.69
06-10 50,954,410.54 3.552 % .000097325 4,959.14
06-11 51,186,024.04 3.551 % .000097293 4,980.04
06-12 51,187,582.73 3.578 % .000098037 5,018.28
06-13* 51,079,749.36 3.578 % .000098037 5,007.71
06-14* 51,079,749.36 3.578 % .000098037 5,007.71
06-15 51,079,749.36 3.604 % .000098743 5,043.77
06-16 51,172,893.67 3.582 % .000098138 5,022.01
06-17 51,595,791.43 3.571 % .000097844 5,048.34
06-18 51,604,712.67 3.568 % .000097779 5,045.86
06-19* 51,532,195.02 3.568 % .000097779 5,038.77
06-20* 51,532,195.02 3.568 % .000097779 5,038.77
06-21* 51,532,195.02 3.568 % .000097779 5,038.77
06-22 51,532,195.02 3.565 % .000097688 5,034.08
06-23 51,751,880.63 3.571 % .000097837 5,063.25
06-24 49,853,586.91 3.573 % .000097908 4,881.06
06-25 49,914,816.20 3.576 % .000097989 4,891.10
06-26 54,428,079.55 3.572 % .000097886 5,327.75
06-27* 54,428,079.55 3.572 % .000097886 5,327.75
06-28* 54,428,079.55 3.572 % .000097886 5,327.75
06-29 54,715,155.45 3.569 % .000097795 5,350.87
06-30 54,726,116.36 3.585 % .000098236 5,376.07
TOTAL MTD 161,178.72
* 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.
06/01/2026 - 06/30/2026

Page 2 of 2 ends

Account Number - DDA
132

CUSTOMER SERVICE INFORMATION
18152927030200471901
1 4Page of
Commercial Checking With Interest
04719 LIA 703 020 18126 - NNNNNNNNNNNN 0000
JPMorgan Chase Bank, N.A.

P O Box 182051
Columbus OH 43218- 2051
For the Period 6/1/26 to 6/30/26
Advice Date: June 30, 2026
Account:

CITY OF MURRIETA

GENERAL
1 TOWN SQUARE
MURRIETA CA 92562
Annual Percentage Yield *

2.68%
Rate

0.00%
Day Basis
365
Compounding Method
Monthly
Average Daily Balance
$24,932,470.76
If you have any questions about this
notice, please contact your Customer
Service Professional.
* Annual Percentage Yield - the percentage rate earned if balances remain on deposit for a full year with compounding, no change in the interest rate and all interest is left in the account.

Interest Payment Summary
133

0.00 0.00

0.00 0.00
2 4Page of
04719 LIA 703 20 18126
For the Period 6/1/26 to 6/30/26
Advice Date: June 30, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
6/01

0.000072

2.65% 3,515,945.22 255.25 255.25
6/02

0.000072

2.65% 3,518,269.54 255.42 510.68
6/03

0.000072

2.65% 3,524,692.87 255.89 766.57
6/04

0.000072

2.65% 25,139,042.05 1,825.09 2,591.67
6/05

0.000072

2.65% 26,066,157.12 1,892.40 4,484.07
6/06

0.000072

2.65% 26,066,157.12 1,892.40 6,376.47
6/07

0.000072

2.65% 26,066,157.12 1,892.40 8,268.88
6/08

0.000072

2.65% 25,053,131.01 1,818.85 10,087.73
6/09

0.000072

2.65% 25,057,911.33 1,819.20 11,906.94
6/10

0.000072

2.65% 25,129,623.30 1,824.41 13,731.35
6/11

0.000072

2.65% 25,133,016.51 1,824.65 15,556.00
6/12

0.000072

2.65% 28,209,463.21 2,048.00 17,604.01
6/13

0.000072

2.65% 28,209,463.21 2,048.00 19,652.02
6/14

0.000072

2.65% 28,209,463.21 2,048.00 21,700.03
6/15

0.000072

2.65% 29,384,531.55 2,133.31 23,833.34
6/16

0.000072

2.65% 28,868,223.66 2,095.83 25,929.18
6/17

0.000072

2.65% 28,623,612.99 2,078.07 28,007.25
6/18

0.000072

2.65% 28,923,217.27 2,099.82 30,107.08
Daily Details
134

0.00 0.00

0.00 0.00
$54,302.92
18152927030200471902
3 4Page of
04719 LIA 703 20 18126
For the Period 6/1/26 to 6/30/26
Advice Date: June 30, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
TOTAL AMOUNT CREDITED FOR THIS PERIOD:
6/19

0.000072

2.65% 28,923,217.27 2,099.82 32,206.90
6/20

0.000072

2.65% 28,923,217.27 2,099.82 34,306.73
6/21

0.000072

2.65% 28,923,217.27 2,099.82 36,406.55
6/22

0.000072

2.65% 28,409,549.45 2,062.53 38,469.09
6/23

0.000072

2.65% 28,270,696.43 2,052.45 40,521.54
6/24

0.000072

2.65% 27,950,135.04 2,029.17 42,550.72
6/25

0.000072

2.65% 27,934,316.26 2,028.03 44,578.75
6/26

0.000072

2.65% 27,296,109.22 1,981.69 46,560.45
6/27

0.000072

2.65% 27,296,109.22 1,981.69 48,542.14
6/28

0.000072

2.65% 27,296,109.22 1,981.69 50,523.84
6/29

0.000072

2.65% 26,058,798.22 1,891.86 52,415.71
6/30

0.000072

2.65% 25,994,569.86 1,887.20 54,302.92
(Continued)
Daily Details
135

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 5.

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

Treasurer’s Report - Quarter 4 of Fiscal Year 2025/26

ABSTRACT
The Fiscal Year 2025/26 Treasurer’sReport for Quarter 4 (April-June 2026) is presented in compliance with California Government Code Section 53646(b) and the City’sInvestment Policy. As of June 30, 2026, the City’sinvestment portfolio had a total market value of $159.8 million, a book value of $157.6 million, and a stable yield-to-maturity of 4.27%. The LAIF balance totaled $62.8 million, with a yield of 3.812%. The Wells Fargo Cash Sweep Program and JPMorgan Account generated $564k in quarterly earnings.

RECOMMENDATION
Receive the Fiscal Year 2025/26 Treasurer’s Reports for Quarter 4 (April - June 2026).

PRIOR ACTION/VOTE
On August 19, 2025, the City Council received the Treasurer’s Report for Quarter 4 of Fiscal Year 2024/25.

On November 18, 2025, the City Council received the Treasurer’s Report for Quarter 1 of Fiscal Year 2025/26.

On February 17, 2026, the City Council received the Treasurer’s Report for Quarter 2 of Fiscal Year 2025/26.

On June 2, 2026, the City Council received the Treasurer’s Report for Quarter 3 of Fiscal Year 2025/26.

STRATEGIC ALIGNMENT
This item aligns with the City Council to: maintaining a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency relating to an administrative priority.

DISCUSSION
Pursuant to Government Code Section 53646(b) and the City of Murrieta (City) Investment Policy, the Finance Department renders a quarterly investment report to the City Council concerning the investment portfolio’s earnings and performance results. The City contracts with Chandler Asset Management to manage the City’s CITY OF MURRIETA Printed on 8/13/2026Page 1 of 5
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Agenda Item No. 5.
earnings and performance results. The City contracts with Chandler Asset Management to manage the City’s investment portfolio and to advise on all investment-related matters. The purpose of this report is to present the investment earnings for the period April 1, 2026, through June 30, 2026 (Quarter 4).

Total Portfolio Composition
The portfolio comprises available cash balances from over 100 separate funds. The balances are tracked in the City’sfinancial records individually but combined for the purpose of investing cash to maximize investment returns. The City’s investment manager invests funds not needed in the near future into securities with maturities of less than five years. The City also utilizes the Local Agency Investment Fund (LAIF), an investment pool operated by the State of California and used by most cities in California to manage the City’s short-term cash flow requirements. Wells Fargo’s“Cash Sweep Program” is the City’sthird investment tool and it 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 Cash Sweep Program exclusively targets high-quality, short-term, U.S. dollar-denominated money market instruments that consist of U.S. Government obligations and repurchase agreements collateralized by U.S. Government obligations. This complies with our Investment Policy and California Government Code
Section 53607.

Investment Portfolio Performance
As of June 30, 2026, the City’stotal market value (including accrued interest) of operating funds and liquidity investments totaled $159,799,387.07. The book value, or what the City actually paid for the investments, totaled $157,564,652.09. The fair market value of the City’s portfolio, less accrued interest, totaled $158,458,247.15. The value of fixed-income securities may fluctuate with changes in interest rates. As interest rates go up, the market value of the securities may go down, and the reverse is true; when interest rates go down, the market value of the securities may go up. The difference between the book and fair market value is considered an unrealized gain or loss. The unrealized gain for this reporting period is $893,595.06. It is important to note that a loss or gain is realized when an investment is redeemed or sold before its maturity date. City’s investments are retained until the maturity date. Nonetheless, the City may elect to sell an investment before its maturity and record a capital gain or loss to manage the portfolio's quality, liquidity or yield in response to market conditions or City’srisk preferences. The portfolio’stotal market value (including accrued interest) increased by $828,254.96 from higher investment income, offset by the increase in interest rates.

As of June 30, 2026, the yield to maturity on the portfolio decreased to 4.27% from 4.32% on March 31, 2026.

During the fourth quarter of FY2025-26, US Treasury yields increased across the curve on oil-related inflation concerns. The 2-year US Treasury Note yield increased to 4.15% from 3.79%, while the 5-year Treasury increased to 4.19% from 3.92% over the reporting period. The Iranian conflict and the disruption of traffic through the Strait of Hormuz entered its third month, disrupting oil supply and causing headline CPI to accelerate to its fastest pace in more than three years. The Federal Reserve unanimously held the target Fed Funds rate range at 3.50-3.75% referencing Middle East tensions and energy supply disruptions while removing prior forward guidance that had suggested a bias toward rate cuts. This quarter, the portfolio benefited from high interest earnings on fixed income securities and the higher reinvestment rate environment.

The portfolio remains stable due to the high-quality assets contained within the portfolio.

Portfolio Duration
The investment portfolio had an average duration of 1.78 years as of June 30, 2026. The portfolio duration remains within an acceptable range. The City continues to implement a disciplined, conservative approach to CITY OF MURRIETA Printed on 8/13/2026Page 2 of 5
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Agenda Item No. 5.
its portfolio in this time of financial market volatility.

Asset Allocation
The investment portfolio is allocated in compliance with California Government Code 53601. The sector allocation of the portfolio on June 30, 2026, was 15.35% in US Government Agency bonds, 26.16% in high- grade Corporate Bonds, 39.10% in U.S. Treasury bonds, 8.20% in Asset-Backed Securities (ABS), 1.15% in Supranational, 9.16% in Agency Collateralized Mortgage-Backed Securities, and 0.43% Money Market Fund.

Supranational is a financial institution owned by member countries to promote international development.

The following pie chart summarizes the asset allocation by sector. (The chart above may not sum to 100% due to rounding.)
Maturity Distribution
As of June 30, 2026, approximately 22.54% of the portfolio will mature in less than 1 year, 22.70% will mature in 1-2 years, 30.49% from 2-3 years, 20.48% from 3-4 years, and 3.77% from 4-5 years. The City’sportfolio maintains liquid funds through bank deposits, money market funds, and local government investment pools to satisfy its near-term liquidity needs.
(The chart above may not sum to 100% due to rounding.)
LAIF Balance
Funds deposited with LAIF serve as the City’ssavings account, enabling the regular investment of short-term CITY OF MURRIETA Printed on 8/13/2026Page 3 of 5
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Agenda Item No. 5.

Funds deposited with LAIF serve as the City’ssavings account, enabling the regular investment of short-term cash balances. LAIF complements our investment program by maximizing the earnings on liquid balances not needed for immediate disbursement. It also allows the City’sinvestment manager to focus on maximizing the return on its longer-term investments.

The balance in LAIF, as of June 30, 2026, was $62,774,278.85. The annual yield on the LAIF portfolio was

3.812%, down 0.462% from the 4.274% earned at the end of June 2025.

Wells Fargo Cash Sweep Program
The Cash Sweep Program may include fixed, floating, or variable interest rates. The security selections for the Cash Sweep Program are based on several factors, including credit quality, yield, and maturity, while considering the fund’s overall liquidity and its weighted average maturity. The securities purchased are considered to present minimal credit risk. For the quarter ending June 30, 2026, the total cumulative earnings from the Cash Sweep Program were $494,829.85, with an Average Daily Yield of 3.569%.

JPMorgan Chase Balance
JPMorgan is not using a classic sweep account, but rather a Hybrid checking account. The Hybrid checking account offers functionality similar to an overnight sweep service. In the Hybrid checking account, balances earn an earnings credit allowance up to a predetermined threshold to offset bank service fees, with balances above that threshold earning hard-dollar interest. Thus, instead of sweeping the excess balance to a separate account each night, it remains in the checking account and earns interest.

In January, the City transferred $5,000,000 to begin the transition from Wells Fargo to JPMorgan. The balance in JPMorgan, as of June 30, 2026, was $25,994,569.86. The City began earning interest on the transferred funds and ended the quarter with cumulative interest earnings of $69,157.34 and an Average Daily Yield of

2.65%.

The graph below compares the investment yields for the Investment Portfolio, LAIF, and the Cash Sweep Program for the period ending June 30, 2025, to June 30, 2026. As shown in the table below, investment yields are responding to the Fed's rate reductions. The yield has decreased by approximately 50 basis points on average compared to last year.

CITY OF MURRIETA Printed on 8/13/2026Page 4 of 5
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Agenda Item No. 5.

This report presents only the results of the operating portfolio managed by Chandler Asset Management, LAIF, and the Cash Sweep Program. The City’s and developer bond portfolios are available for review in the Finance Department or may be sent to the City Council upon request.

In compliance with the California Government Code Section 53646, the Treasurer of the City of Murrieta hereby certifies that sufficient investment liquidity and anticipated revenues are available to meet the City’s budgeted expenditure requirements for the subsequent six months, July through December 2026. All investments in the City’s portfolio comply with state law and the City’s adopted Investment Policy.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

CEQA AND REGULATORY OVERVIEW
This action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

FISCAL IMPACT
There is no fiscal impact associated with the recommended action.

ATTACHMENTS
ATT 1 - City of Murrieta Investment Report June 30, 2026 ATT 2 - LAIF Regular Monthly Statement June 30, 2026
ATT 3 - Wells Fargo Sweep Account Statements for April, May, and June 30, 2026 ATT 4 - JPMorgan Chase Account Statements for April, May, and June 30, 2026 ATT 5 - Portfolio Composition Chart as of June 30, 2026 CITY OF MURRIETA Printed on 8/13/2026Page 5 of 5
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INVESTMENT REPORT
City of Murrieta | As of June 30, 2026
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
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. 141

TABLE OF CONTENTS

ECONOMIC UPDATE

ACCOUNT PROFILE

PORTFOLIO HOLDINGS

TRANSACTIONS
1 142

ECONOMIC UPDATE
2 143
▪
▪
▪
Energy prices and inflation remained the primary drivers of the macro backdrop as the U.S.-Israel-Iran conflict entered its third month, disrupting global oil supply. Headline CPI accelerated at the fastest pace in more than three years, reflecting volatility in the energy component. Crude oil, however, retraced roughly 20% from its May–early June peak as diplomatic progress between the United States and Iran pointed to a potential framework for de-escalation. The labor market remained resilient, with continued payroll growth and subdued jobless claims. Risk assets held firm, as equities hovered near record highs and credit spreads remained historically tight amid broadly better-than-expected corporate earnings. Taken together, the current market environment has further constrained the case for near-term monetary policy easing, leading the Chandler team to push out its expected timing for rate cuts beyond the six-month investment horizon.

The Federal Reserve’s June FOMC meeting ended with policymakers unanimously holding the target range at 3.50%–3.75%, a notable shift from the8–4 split at April’s meeting, which marked JeromePowell’s final session as Chair. Under new Chair Kevin Warsh, sworn in on May 22, the Committee released an unusually concise statement that referenced Middle East tensions and energy supply disruptions while removing prior forward guidance that had suggested a bias toward rate cuts. Updated projections leaned more hawkish, with 9 of 18 officials expecting at least one rate hike this year and 6 anticipating multiple increases. The shift signals that restoring price stability has reemerged as the central focus of monetary policy deliberations.

The Treasury yield curve flattened modestly in June as short-term yields responded to a more hawkish shift in Federal Reserve guidance.

The 2-year yield rose to 4.15% from 3.98% the prior month, while the 10-year yield edged down slightly to 4.44% from 4.45%. As a result, the 2s/10s spread narrowed to 29 basis points, down from roughly 47 basis points a month earlier and significantly below the 69 basis point spread at the start of the year. Meanwhile, the 3-month/10-year spread remained positive at 64 basis points. Front-end rates absorbed the bulk of the Fed’s updated rate outlook, while longer maturities were partly anchored by a late-month decline in oil prices.

ECONOMIC UPDATE
3 144
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
Nonfarm payrolls increased by just 57,000 in June, well below the 113,000 consensus and marking a sharp slowdown from May’s pace. The unemployment rate edged down to 4.2%, though the decline was driven by a drop in labor force participation to 61.5%, its lowest level since March 2021. Revisions further weakened the report’s signal. April payrolls were revised down by 31,000 to 148,000, while May was lowered by 43,000 to 129,000, resulting in a combined two-month downward revision of 74,000.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
4 145
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
Job openings were essentially unchanged at 7.6 million in May, remaining elevated by historical standards even as hiring momentum moderates. Gains in wholesale trade and accommodation and food services were offsetby declines in health care and social assistance, as well as finance and insurance. April openings were revised down by 33,000 to 7.6 million, while hires were revised up by 99,000, highlighting ongoing churn but a broadly stable labor market backdrop.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 146
Source: Bloomberg Indices Source: Bloomberg Indices

ENERGY MARKETS
Crude oil prices declined sharply in June as supply disruptions tied to the Middle East conflict began to ease. Tanker traffic through the Strait of Hormuz normalized, and signs of progress in U.S.–Iran negotiations helped unwind the geopolitical risk premium that had driven prices higher earlier in the year. West Texas Intermediate settled near $69.37 per barrel on June 30, while Brent crude closed around $72.96, both well below their recent peaks. Brent’s 21% monthly decline marked its steepest drop since March 2020, while WTI fell more than 20%, its largest monthly loss since late 2021. Beyond crude, broader energy markets also softened. Refined product cracks narrowed as gasoline and diesel demand showed signs of seasonal moderation, while U.S. natural gas prices remained range-bound amid ample storage and steady production. Taken together, the retracement in oil and broader energy prices reflects a rapid compression in geopolitical risk premia and improved near-term supply visibility, even as underlying structural risks in the region remain unresolved.

2.00 2.50

3.00 3.50

4.00 4.50

5.00 5.50

6.00 6.50
US Fuel Prices
Average Retail Price US Diesel
Average Retail Price US Gas
($) Per Gallon
40 60
80 100
120
140
160
Oil Prices
West Texas Intermediate (WTI Spot Cushing)
Dated Brent (Global Spot)
Price Per Barrel (WTI Spot)
6 147

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY %
Change
PCE Core Deflator YOY %
Change
Fed Target
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change
Inflation firmed in May, with the Personal Consumption Expenditures (PCE) price index rising 0.4% on the month and 4.1% year over year, up from 3.8% in April and marking the highest annual rate of the current cycle. Core PCE, which excludes food and energy, increased 0.3% in May and 3.4% over the year. Energy prices remained the primary driverof the headline acceleration, reflecting supply disruptions tied to the Iranian conflict. A similar pattern was evident in the headline Consumer Price Index (CPI), which rose 0.5% on the month and 4.2% year over year, the fastest annual pace since 2023. Energy prices climbed 3.9% in May and 23.5% from a year earlier, largely due to crude oil reaching a four-year high. In contrast, core CPI rose a more modest 0.2% on the month and 2.9% year over year, indicating that inflation pressures remain concentrated in energy rather than broad-based.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
7 148

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%
Retail Sales YOY % Change
YOY (%) Change
Retail sales rose a robust 0.9% in May to $763.7 billion, nearly double the pace economists had penciled in and an acceleration from April's downwardly revised 0.4% gain. The closely watched control group, which feeds directly into gross domestic product calculations, advanced

0.7%, pointing to durable underlying demand. Gasoline station receipts roseas energy prices stayed high, while auto sales rebounded after an April pullback. The Conference Board's Consumer Confidence Index tickedup 0.6 points to 91.2 in June, though the improvement masked a further deterioration in how households view the job market, with the share calling jobs ‘hard-to-get’ climbing to a five year high.

Spending has proven more resilient than sentiment across recent months. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
8 149
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) edged up 0.1% in May to 99.3, following a revised 0.2% increase in April. Despite the monthly gains, the LEI’s six- and twelve-month growth rates remained negative at -0.6% and -1.5%, respectively. The advance was driven primarily by financial components, including equity prices and the interest rate spread, while consumer expectations continuedto weigh on the index. The Chicago Fed National Activity Index fell to -0.10 in May from an upwardly revised 0.19 in April. Production-related and employment-related indicators each subtracted from the index, while the sales, orders, and inventories category made a small positive contribution.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
9 150
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts declined sharply in May to a seasonally adjusted annual rate of 1,177,000, a 15.4% drop from a downwardly revised 1,392,000 in April. The pullback was driven primarily by multifamily construction, while single-family starts edged down a more modest

1.9% to 882,000; total multifamily starts came in at 295,000 units. The S&P CoreLogic Case-Shiller 20-City Composite rose 1.1% year over year in April, marking its first pickup since November 2025, following an upwardly revised 0.9% gain in March. Freddie Mac’s average 30- year fixed mortgage rate increased to 6.44% in May from 6.33% in April, reinforcing ongoing affordability constraints for prospective buyers.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
10 151
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
Manufacturing activity cooled slightly in June, with the Institute for Supply Management's Manufacturing Index easing to 53.3%, down 0.7 percentage point from May but still marking a sixth consecutive month of expansion. Services activity also moderated, as the ISM Services Index eased to 54.0% from 54.5%, a twenty-fourth consecutive monthin expansion territory. Business activity and new orders both slowed, though the employment component jumpedto 51.2% from 47.9%, its strongest reading since late 2021 and the first expansion in services hiring in four months.

Source: Institute for Supply Management

PURCHASING MANAGERS INDEX (PMI)
11 152
Components of GDP 6/25 9/25 12/25 3/26

1.7% 2.3% 1.3% 0.4%
-2.7% 0.0% 0.4% 1.4%

4.8% 1.6% -0.2% -0.4%
-0.4% 0.2% -1.2% 0.6%

0.3% 0.2% 0.2% 0.2%

3.8% 4.4% 0.5% 2.1%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment)
-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce Real gross domestic product increased at an annualized rate of 2.1% in the first quarter of 2026, according to the Bureau of Economic Analysis’ third estimate, up from 1.6%in the prior estimate andan acceleration from 0.5% in the fourth quarterof 2025. The 0.5 percentage point upward revision was driven primarily by a downward revision to imports—which subtract from GDP—partly offset by a downward revision to consumer spending.

GROSS DOMESTIC PRODUCT (GDP)
12 153
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
The Federal Open Market Committee (FOMC) held the target range for the federal funds rate at 3.50% to 3.75% at its June 16–17 meeting, with a unanimous 12–0 vote. This marked a notable shift from the Aprilmeeting—Jerome Powell’slast as chair—which saw four dissents in an 8–4 decision. The return to consensus under Chair Kevin Warsh signals a clear change in tone. Minutes from the June meeting are scheduled for release in early July. The June Summaryof Economic Projections reflected a more hawkish outlook. The median projection for the federal funds rate at year-end 2026 rose to 3.8%, up from 3.4%in March, before easing to 3.6% in 2027 and 3.4% in 2028. Officials also revised their inflation forecasts, with headline PCE projected at 3.6% in 2026 (from 2.7%) and core PCE at 3.3%. By contrast, median projections for real GDP growth and the unemployment rate—2.2% and 4.3%, respectively—were little changed.

FEDERAL RESERVE

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
13 154
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%
US Treasury Yield Curve
Jun-26
Mar-26
Jun-25
Yield (%)
Treasury yields ended June mixed, with a modest flattening across the curve as markets digested a more hawkish Federal Reserve signal.

The 2-year yield rose to 4.15% from 3.98% at the end of May, while the 10-year yield edged down to 4.44% from 4.45%. The 2s/10s spread narrowedto 29 basis points, down from 47 basis points a month earlier. The 3-month/10-year spread remained positive at roughly 64 basis points at month-end. Relativeto the 69 basis point spread at the start of 2026, the curve has flattened materially year to date, reflecting a repricing higher in front-end rates as expectations shift toward the possibility of further Fed tightening rather than easing.

BOND YIELDS
14 155

ACCOUNT PROFILE
15 156

OBJECTIVES
Investment Objectives
The City of Murrieta's investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program.

Chandler Asset Management Performance Objective
The performance objective for the portfolio is to achieve a rate of return over a market cycle that equals or exceeds the return on a market index of similar duration and sector allocation.

Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code. 16 157

STATEMENT OF COMPLIANCE
City of Murrieta | Account #10703 | As of June 30, 2026 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES
Max % (MV) 20.0 9.6 Compliant
Max % Issuer (MV) 30.0 9.6 Compliant
Max Maturity (Years) 5.0 3.7 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 8.1 Compliant
Max % Issuer (MV) 5.0 1.2 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; CDARS, & NCD) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-

NEGOTIABLE CD/TD)
Max % (MV; FDIC & Collateralized CD/TD) 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) 25.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 26.2 Compliant
17 158

STATEMENT OF COMPLIANCE
City of Murrieta | Account #10703 | As of June 30, 2026 Rules Name Limit Actual Compliance
Status Notes
Max % Issuer (MV) 5.0 1.4 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)
Max % (MV; FDIC & Collateralized CD/TD) 20.0 0.0 Compliant Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 15.4 Compliant
Max % Issuer (MV) 30.0 10.1 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 2 Compliant

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

MONEY MARKET MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.4 Compliant Max % Issuer (MV) 10.0 0.4 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

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

MUTUAL FUNDS
Max % (MV; Money Market Fund & Mutual Fund) 20.0 0.4 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; CDARS, & NCD) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
18 159

STATEMENT OF COMPLIANCE
City of Murrieta | Account #10703 | As of June 30, 2026 Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

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

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.1 Compliant
Max % Issuer (MV) 10.0 1.1 Compliant
Max Maturity (Years) 5 2 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 39.1 Compliant
Max Maturity (Years) 5 4 Compliant
19 160

PORTFOLIO CHARACTERISTICS
City of Murrieta | Account #10703 | As of June 30, 2026 Benchmark* 6/30/2026
Portfolio
3/31/2026
Portfolio
Average Maturity (yrs) 1.84 2.09 2.15
Average Modified Duration 1.75 1.78 1.83
Average Purchase Yield 4.27% 4.32%
Average Market Yield 4.15% 4.22% 3.97%
Average Quality** AA+ AA+ AA+
Total Market Value 159,799,387 158,971,132
*Benchmark: ICE BofA 1-3 Year US Treasury Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 20 161

SECTOR DISTRIBUTION
City of Murrieta | Account #10703 | As of June 30, 2026 Sector as a Percentage of Market Value
Sector 06/30/2026 03/31/2026
US Treasury 39.10% 37.26%
Corporate 26.16% 26.52%
Agency 15.35% 17.38%
Agency CMBS 9.61% 9.92%
ABS 8.20% 7.66%
Supras 1.15% 1.16%
Money Mkt Fd 0.43% 0.09%
21 162

ISSUERS
City of Murrieta | Account #10703 | As of June 30, 2026 Issuer Investment Type % Portfolio
United States US Treasury 39.10%
Federal Home Loan Banks Agency 10.03%
Federal Home Loan Mortgage Corp Agency CMBS 9.61%
Farm Credit System Agency 5.32%
PACCAR Inc Corporate 1.37%
NVIDIA Corporation Corporate 1.26%
Caterpillar Inc. Corporate 1.25%
Amazon.com, Inc. Corporate 1.25%
New York Life Insurance Company Corporate 1.24%
Abbott Laboratories Corporate 1.24%
American Express Credit Master Trust ABS 1.20%
International Bank for Recon and Dev Supras 1.15%
Public Service Enterprise Group Corporate 1.09%
Deere & Company Corporate 1.08%
JPMorgan Chase & Co. Corporate 1.00%
BMW Vehicle Lease Trust ABS 0.95%
Nat Rural Util Coop Fin Corp Corporate 0.95%
PepsiCo, Inc. Corporate 0.95%
Cisco Systems, Inc. Corporate 0.95%
Florida Power & Light Corporate 0.95%
Air Products and Chemicals, Inc. Corporate 0.93%
Mercedes-Benz Auto Lease Trust ABS 0.86%
Massachusetts Mutual Life Insurance Corporate 0.85%
U.S. Bancorp Corporate 0.84%
Chase Issuance Trust ABS 0.84%
The Home Depot, Inc. Corporate 0.83%
Eli Lilly and Company Corporate 0.79%
UnitedHealth Group Incorporated Corporate 0.78%
GM Financial Auto Leasing Trust ABS 0.77%
State Street Corporation Corporate 0.77%
22 163

ISSUERS
City of Murrieta | Account #10703 | As of June 30, 2026 Issuer Investment Type % Portfolio
WF Card Issuance Trust ABS 0.76%
Verizon Master Trust ABS 0.66%
Toyota Motor Corporation Corporate 0.63%
Bank of America Corporation Corporate 0.63%
Northern Trust Corporation Corporate 0.63%
Northwestern Mutual Global Funding Corporate 0.63%
Duke Energy Corporation Corporate 0.62%
John Deere Owner Trust ABS 0.56%
Blackrock, Inc. Corporate 0.47%
Met Tower Global Funding Corporate 0.47%
First American Govt Oblig Fund Money Mkt Fd 0.43%
Honda Auto Receivables Owner Trust ABS 0.39%
Hyundai Auto Receivables Trust ABS 0.37%
Toyota Auto Receivables Owner Trust ABS 0.36%
Morgan Stanley Corporate 0.36%
Target Corporation Corporate 0.36%
Alphabet Inc. Corporate 0.35%
BNY Mellon Corp Corporate 0.33%
The Goldman Sachs Group, Inc. Corporate 0.33%
BMW Vehicle Owner Trust ABS 0.24%
GM Financial Securitized Term ABS 0.23%
Cash Cash 0.00%
TOTAL 100.00%
23 164

QUALITY DISTRIBUTION
City of Murrieta | Account #10703 | As of June 30, 2026 S&P Rating Moody’s Rating Fitch Rating
Rating 06/30/2026 03/31/2026
AAA 9.88% 9.39%
AA 71.36% 70.32%
A 15.99% 17.86%
NA 2.77% 2.43%
Rating 06/30/2026 03/31/2026
Aaa 7.10% 6.44%
Aa 72.55% 72.94%
A 15.22% 15.66%
NA 5.12% 4.97%
Rating 06/30/2026 03/31/2026
AAA 14.34% 13.77%
AA 65.53% 67.73%
A 7.36% 7.79%
NA 12.77% 10.71%
24 165

MATURITY DISTRIBUTION
City of Murrieta | Account #10703 | As of June 30, 2026 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
06/30/2026 8.70% 4.81% 9.03% 22.70% 30.49% 20.48% 3.77% 0.00% 0.00% 03/31/2026 3.82% 8.46% 10.66% 22.33% 31.20% 15.77% 7.78% 0.00% 0.00% 25 166

DURATION DISTRIBUTION
City of Murrieta | Account #10703 | As of June 30, 2026 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
06/30/2026 9.5% 6.7% 11.8% 26.6% 28.3% 17.0% 0.0% 0.0% 0.0% 03/31/2026 4.0% 10.1% 14.3% 28.3% 26.4% 16.1% 0.9% 0.0% 0.0% 26 167

INVESTMENT PERFORMANCE
City of Murrieta | Account #10703 | As of June 30, 2026 Total Rate of Return: Inception | 02/01/2020
TOTAL RATE OF RETURN* 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception City of Murrieta 0.52% 3.35% 4.67% 4.74% 2.36% 2.26%
Benchmark 0.39% 2.94% 4.30% 4.37% 1.94% 1.90%
*Periods over 1 year are annualized.

Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

Benchmark: ICE BofA 1-3 Year US Treasury Index
27 168

PORTFOLIO HOLDINGS
28 169

HOLDINGS REPORT
City of Murrieta | Account #10703 | As of June 30, 2026 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
58770JAD6 MBALT 2024-A A3 5.32
01/18/2028 234,926.20 05/17/2024

5.32%
234,898.71
234,898.71
100.35

4.20%
235,753.38
555.47

0.15%
854.66
Aaa/NA
AAA

1.55 0.30
58769GAD5 MBALT 2024-B A3 4.23
02/15/2028 352,478.97 09/17/2024

4.24%
352,419.65
352,419.65
100.00

4.27%
352,479.32
662.66

0.22%

59.67 NA/AAA
AAA

1.63 0.44
362962AD4 GMALT 2025-2 A3 4.58
05/22/2028 705,000.00 05/20/2025

4.58%
704,988.30
704,988.30
100.23

4.29%
706,601.06
986.61

0.45%
1,612.76
NA/AAA
AAA

1.90 0.68
437918AC9 HAROT 2024-1 A3 5.21
08/15/2028 617,749.70 02/13/2024

5.21%
617,722.83
617,722.83
100.47

4.26%
620,656.83
1,430.43

0.39%
2,934.00
Aaa/AAA
NA

2.13 0.46
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,320,000.00 09/07/2023

5.23%
1,319,634.10
1,319,634.10
100.25

3.96%
1,323,325.08
3,027.20

0.84%
3,690.98
NA/AAA
AAA

2.21 0.20
05594HAD5 BMWLT 2025-2 A3 3.97
09/25/2028 800,000.00 10/08/2025

3.97%
799,997.76
799,997.76

99.67 4.34%
797,398.40
529.33

0.50%
(2,599.36)
NA/AAA
AAA

2.24 0.97
47800RAD5 JDOT 2024 A3 4.96 11/15/2028 221,991.80 03/11/2024

4.96%
221,979.37
221,979.37
100.37

4.44%
222,819.17
489.37

0.14%
839.79
Aaa/NA
AAA

2.38 0.65
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 372,513.65 06/04/2024

5.18%
372,457.07
372,457.07
100.51

4.33%
374,399.32
321.60

0.24%
1,942.25
Aaa/AAA
NA

2.66 0.56
36275AAD1 GMALT 2026-2 A3 4.3 03/20/2029 520,000.00 05/05/2026

4.30%
519,943.74
519,943.74

99.86 4.43%
519,249.12
559.00

0.33%
(694.62)
NA/AAA
AAA

2.72 1.57
58768YAD7 MBALT 2025-A A3 4.61
04/16/2029 770,000.00 05/14/2025

4.61%
769,906.14
769,906.14
100.31

4.42%
772,410.10
1,577.64

0.49%
2,503.96
NA/AAA
AAA

2.79 1.34
02582JKH2 AMXCA 2024-1 A 5.23 04/16/2029 640,000.00 04/16/2024

5.23%
639,868.80
639,868.80
100.82

4.20%
645,265.92
1,487.64

0.41%
5,397.12
NA/AAA
AAA

2.79 0.76
05594YAD8 BMWLT 2026-1 A3 4.15
05/25/2029 715,000.00 04/14/2026

4.15%
714,920.99
714,920.99

99.56 4.46%
711,836.13
494.54

0.45%
(3,084.87)
Aaa/NA
AAA

2.90 1.65
47800DAD6 JDOT 2025 A3 4.23 09/17/2029 670,000.00 03/04/2025

4.23%
669,957.86
669,957.86

99.88 4.35%
669,169.87
1,259.60

0.42%
(787.99)
Aaa/NA
AAA

3.22 1.47
44935XAD7 HART 2025-B A3 4.36 12/17/2029 585,000.00 06/03/2025

4.36%
584,947.18
584,947.18
100.03

4.37%
585,179.60
1,133.60

0.37%
232.42
NA/AAA
AAA

3.47 1.20
92348KDY6 VZMT 2025-3 A1A 4.51
03/20/2030 1,050,000.00 03/25/2025

4.51%
1,049,954.85
1,049,954.85
100.17

4.49%
1,051,779.75
1,446.96

0.66%
1,824.90
Aaa/NA
AAA

3.72 0.69
02582JKP4 AMXCA 2025-2 A 4.28 04/15/2030 1,255,000.00 05/06/2025

4.28%
1,254,977.28
1,254,977.28

99.90 4.38%
1,253,734.96
2,387.29

0.79%
(1,242.32)
NA/AAA
AAA

3.79 1.69
29 170

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
362549AD9 GMCAR 2025-2 A3 4.28
04/16/2030 370,000.00 05/06/2025

4.28%
369,945.54
369,945.54
100.01

4.31%
370,046.25
659.83

0.23%
100.71
Aaa/AAA
NA

3.79 0.92
92970QAJ4 WFCIT 2025-1 A 4.34 05/15/2030 1,210,000.00 06/03/2025

4.33%
1,209,979.91
1,209,979.91
100.03

4.36%
1,210,375.10
2,333.96

0.76%
395.19
NA/AAA
AAA

3.87 1.76
89240QAD7 TAOT 2026-B A3 4.13 12/16/2030 580,000.00 04/14/2026

4.14%
579,877.68
579,877.68

99.42 4.46%
576,617.44
1,064.62

0.36%
(3,260.24)
Aaa/AAA
NA

4.46 1.97
Total ABS 12,989,660.32 4.55%
12,988,377.76
12,988,377.76
100.07

4.32%
12,999,096.77
22,407.37

8.20%
10,719.01

2.98 1.08
AGENCY
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
100.09

3.82%
2,001,764.00
41,944.44

1.26%
(5,716.00)
Aa1/AA+
AA+

0.08 0.08
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
100.06

3.91%
2,406,493.51
41,185.63

1.52%
7,025.01
Aa1/AA+
AA+

0.12 0.12
3130AWTQ3 FEDERAL HOME LOAN BANKS

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

4.81%
4,476,030.00
4,476,030.00
100.12

3.93%
4,505,544.00
63,593.75

2.84%
29,514.00
Aa1/AA+
AA+

0.20 0.19
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
100.24

3.96%
1,754,163.25
9,892.36

1.11%
(264.25)
Aa1/AA+
AA+

0.38 0.37
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
100.04

4.05%
2,000,730.00
38,041.67

1.26%
5,170.00
Aa1/AA+
AA+

0.54 0.52
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
100.26

4.13%
1,002,587.00
11,875.00

0.63%
7,067.00
Aa1/AA+
AA+

0.74 0.71
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
100.52

4.06%
1,507,746.00
16,229.17

0.95%
11,631.00
Aa1/AA+
AA+

0.77 0.75
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
100.28

4.17%
1,002,814.00
5,125.00

0.63%
7,984.00
Aa1/AA+
AA+

0.89 0.86
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 3,000,000.00 03/24/2025

4.02%
3,039,480.00
3,039,480.00
100.53

4.17%
3,015,927.00
41,625.00

1.90%
(23,553.00)
Aa1/AA+
AA+

1.70 1.59
3130AWC24 FEDERAL HOME LOAN BANKS 4.0
06/09/2028 2,000,000.00 07/06/2023

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

99.69 4.17%
1,993,820.00
4,888.89

1.26%
36,880.00
Aa1/AA+
AA+

1.94 1.84
3130AVVX7 FEDERAL HOME LOAN BANKS 3.75
06/09/2028 1,120,000.00 06/07/2023

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

99.26 4.15%
1,111,761.28
2,566.67

0.70%
4,518.08
Aa1/AA+
AA+

1.94 1.85
30 171

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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
100.66

4.18%
2,013,258.00
24,750.00

1.27%
31,798.00
Aa1/AA+
AA+

2.23 2.07
24,204,554.20 100.17 24,316,608.04 15.35% 0.89
Total Agency 24,275,000.00 4.54% 24,204,554.20 4.04% 301,717.57 112,053.83 0.84

AGENCY CMBS
3137BSP72 FHMS K-058 A2 2.653 08/25/2026 1,654,771.76 02/09/2023

4.35%
1,564,211.79
1,564,211.79

99.68 3.63%
1,649,494.69
3,658.42

1.04%
85,282.90
Aa1/AA+
AAA

0.15 0.15
3137BTUM1 FHMS K-061 A2 3.347 11/25/2026 843,511.07 09/22/2022

4.23%
813,230.34
813,230.34

99.54 4.09%
839,671.41
2,352.69

0.53%
26,441.06
Aa1/AA+
AAA

0.41 0.32
3137BVZ82 FHMS K-063 A2 3.43 01/25/2027 847,970.34 --

4.09%
825,935.42
825,935.42

99.47 4.18%
843,512.56
2,423.78

0.53%
17,577.14
Aa1/AA+
AAA

0.57 0.41
3137F1G44 FHMS K-065 A2 3.243 04/25/2027 1,000,000.00 09/19/2022

4.08%
965,468.75
965,468.75

99.10 4.24%
991,005.00
2,702.50

0.63%
25,536.25
Aa1/AA+
AAA

0.82 0.71
3137FBU79 FHMS K-069 A2 3.187 09/25/2027 1,200,741.05 05/18/2023

4.13%
1,153,414.97
1,153,414.97

98.59 4.25%
1,183,829.81
3,188.97

0.75%
30,414.84
Aa1/AAA
AA+

1.24 1.16
3137F4X72 FHMS K-075 A2 3.65 02/25/2028 1,154,925.99 09/14/2023

4.92%
1,097,901.52
1,097,901.52

98.80 4.31%
1,141,043.78
3,512.90

0.72%
43,142.26
Aa1/AA+
AAA

1.66 1.52
3137FJEH8 FHMS K-081 A2 3.9 08/25/2028 1,250,000.00 05/28/2024

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

98.79 4.41%
1,234,840.00
4,062.50

0.78%
37,574.37
Aa1/AA+
AAA

2.15 1.99
3137FK4M5 FHMS K-085 A2 4.06 10/25/2028 2,000,000.00 05/07/2025

4.12%
1,990,703.13
1,990,703.13

99.03 4.42%
1,980,602.00
6,766.67

1.25%
(10,101.13)
Aaa/AA+
AA+

2.32 2.13
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

94.87 4.43%
1,423,003.50
2,825.00

0.90%
37,671.47
Aa1/AA+
AAA

2.57 2.36
3137FLMV3 FHMS K-090 A2 3.422 02/25/2029 2,000,000.00 03/27/2025

4.30%
1,932,500.00
1,932,500.00

97.42 4.43%
1,948,358.00
5,703.33

1.23%
15,858.00
Aa1/AAA
AA+

2.66 2.43
3137HA4B9 FHMS K-751 A2 4.412 03/25/2030 2,000,000.00 03/26/2025

4.37%
1,997,890.63
1,997,890.63

99.75 4.44%
1,995,092.00
7,353.33

1.26%
(2,798.63)
Aaa/AA+
AA+

3.73 3.08
14,923,854.22 98.59 15,230,452.75 9.61% 1.89
Total Agency CMBS 15,451,920.20 4.33% 14,923,854.22 4.27% 44,550.10 306,598.53 1.68 CASH
31 172

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CCYUSD Receivable 1,518.51 -- 1,518.51
1,518.51

1.00 1,518.51

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 1,518.51
1,518.51
1,518.51

1.00 1,518.51

0.00 0.00%

0.00 0.00

0.00 CORPORATE
69371RS56 PACCAR FINANCIAL CORP 5.05
08/10/2026 1,450,000.00 --

4.99%
1,451,925.00
1,451,925.00
100.10

4.08%
1,451,383.30
28,679.79

0.92%
(541.70)
A1/A+
NA

0.11 0.11
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
100.08

4.82%
1,000,791.00
20,415.50

0.63%
1,981.00
Aa2/A+
AA

0.13 0.04
713448FW3 PEPSICO INC 5.125 11/10/2026 510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
100.30

4.25%
511,517.76
3,702.81

0.32%
1,655.46
A1/A+
NA

0.36 0.27
48125LRU8 JPMORGAN CHASE BANK NA 5.11
12/08/2026 1,575,000.00 --

5.08%
1,576,460.00
1,576,460.00
100.35

4.27%
1,580,558.18
5,141.94

1.00%
4,098.18
Aa2/AA-
AA

0.44 0.35
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
100.16

4.18%
1,001,610.00
21,625.00

0.63%
2,150.00
A1/A
A+

0.53 0.50
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
100.36

4.23%
1,505,337.00
25,000.00

0.95%
4,527.00
A1/AA-
NA

0.66 0.55
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
100.50

4.27%
1,216,046.37
17,285.49

0.77%
6,046.37
Aa3/A
AA-

0.71 0.61
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

99.81 4.22%
998,094.00
5,666.67

0.63%
7,634.00
A2/A+
A+

0.86 0.83
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

98.01 4.20%
1,470,088.50
3,545.83

0.93%
98,143.50
A3/A
NA

0.87 0.85
437076DB5 HOME DEPOT INC 4.875
06/25/2027 740,000.00 --

4.95%
738,545.60
738,545.60
100.59

4.25%
744,367.48
601.25

0.47%
5,821.88
A2/A
A

0.99 0.87
09290DAH4 BLACKROCK INC 4.6 07/26/2027 750,000.00 07/18/2024

4.57%
750,645.00
750,645.00
100.32

4.28%
752,435.25
14,854.17

0.47%
1,790.25
Aa3/AA-
NA

1.07 0.94
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

99.88 4.25%
1,248,557.50
19,741.32

0.79%
(3,080.00)
Aa3/AA-
NA

1.12 1.07
023135BC9 AMAZON.COM INC 3.15
08/22/2027 1,000,000.00 07/30/2024

4.55%
960,450.00
960,450.00

98.80 4.23%
988,031.00
11,287.50

0.62%
27,581.00
A1/AA
AA-

1.15 1.10
32 173

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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
100.30

4.29%
1,003,020.00
12,765.28

0.63%
13,120.00
A1/A+
A+

1.22 1.16
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

99.34 4.45%
993,366.00
9,750.00

0.63%
(6,454.00)
Aa1/AA+
AAA

1.25 1.19
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

98.29 4.33%
1,228,625.00
7,784.72

0.78%
39,325.00
A2/A+
A

1.29 1.24
24422EXZ7 JOHN DEERE CAPITAL CORP 4.65
01/07/2028 700,000.00 01/06/2025

4.66%
699,790.00
699,790.00
100.55

4.27%
703,879.40
15,732.50

0.44%
4,089.40
A1/A
A+

1.52 1.42
64952WCX9 NEW YORK LIFE GLOBAL FUNDING

3.0 01/10/2028 1,000,000.00 08/26/2025

4.04%
976,720.00
976,720.00

97.83 4.48%
978,343.00
14,250.00

0.62%
1,623.00
Aa1/AA+
AAA

1.53 1.45
63743HFW7

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 4.75
02/07/2028
1,500,000.00 06/17/2025

4.40%
1,512,345.00
1,512,345.00
100.41

4.48%
1,506,090.00
28,500.00

0.95%
(6,255.00)
A2/NA
A

1.61 1.42
57629TBW6 MASSMUTUAL GLOBAL FUNDING
II 4.45 03/27/2028 1,340,000.00 03/20/2025

4.49%
1,338,405.40
1,338,405.40
100.05

4.42%
1,340,670.00
15,570.06

0.85%
2,264.60
Aa3/AA+
AA+

1.74 1.64
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

98.80 4.39%
740,967.75
4,625.00

0.47%
25,962.75
A1/A
NA

1.84 1.74
90331HPS6 US BANK NA 4.73 05/15/2028 1,330,000.00 05/12/2025

4.88%
1,330,000.00
1,330,000.00
100.23

4.51%
1,333,027.08
8,038.37

0.84%
3,027.08
A2/A+
A+

1.88 0.84
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
100.06

4.36%
1,500,954.00
8,433.33

0.95%
16,929.00
Aa2/A+
AA-

1.88 1.62
87612EBU9 TARGET CORP 4.35 06/15/2028 570,000.00 06/05/2025

4.35%
569,994.30
569,994.30
100.04

4.33%
570,228.00
1,102.00

0.36%
233.70
A2/A
NA

1.96 1.85
26444HAE1 DUKE ENERGY FLORIDA LLC 3.8
07/15/2028 1,000,000.00 06/04/2025

4.32%
985,120.00
985,120.00

98.72 4.46%
987,200.00
17,522.22

0.62%
2,080.00
A1/A
NA

2.04 1.90
66815L2X6

NORTHWESTERN MUTUAL
GLOBAL FUNDING 4.125
08/25/2028
1,000,000.00 08/25/2025

4.03%
1,002,660.00
1,002,660.00

99.22 4.51%
992,223.00
14,437.50

0.63%
(10,437.00)
Aa1/AA+
AAA

2.15 2.01
74456QBX3 PUBLIC SERVICE ELECTRIC AND
GAS CO 3.65 09/01/2028 1,000,000.00 07/24/2025

4.23%
983,400.00
983,400.00

98.36 4.45%
983,609.00
12,166.67

0.62%
209.00
A1/A
NA

2.17 2.03
437076DH2 HOME DEPOT INC 3.75
09/15/2028 570,000.00 09/08/2025

3.77%
569,629.50
569,629.50

98.88 4.29%
563,618.85
6,293.75

0.36%
(6,010.65)
A2/A
A

2.21 2.07
14913UBD1 CATERPILLAR FINANCIAL SERVICES
CORP 3.95 11/14/2028 1,000,000.00 11/26/2025

3.83%
1,003,180.00
1,003,180.00

99.02 4.39%
990,219.00
5,156.94

0.62%
(12,961.00)
A1/A
A+

2.38 2.23
33 174

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
58989V2M5 MET TOWER GLOBAL FUNDING

4.0 01/14/2029 750,000.00 01/07/2026

4.05%
749,032.50
749,032.50

98.60 4.59%
739,526.25
13,916.67

0.47%
(9,506.25)
Aa3/AA-
AA-

2.54 2.34
713448GL6 PEPSICO INC 4.1 01/15/2029 1,000,000.00 07/24/2025

4.19%
997,190.00
997,190.00

99.42 4.34%
994,242.00
18,905.56

0.63%
(2,948.00)
A1/A+
NA

2.54 2.34
02079KBJ5 ALPHABET INC 3.7 02/15/2029 570,000.00 02/09/2026

3.83%
567,930.90
567,930.90

98.38 4.36%
560,747.19
8,084.50

0.35%
(7,183.71)
Aa2/AA+
NA

2.63 2.43
002824BR0 ABBOTT LABORATORIES 3.7
03/09/2029 2,000,000.00 03/23/2026

4.17%
1,974,180.00
1,974,180.00

98.08 4.46%
1,961,698.00
23,022.22

1.24%
(12,482.00)
Aa3/A+
NA

2.69 2.50
023135DC7 AMAZON.COM INC 4.0
03/13/2029 1,000,000.00 04/28/2026

4.21%
994,310.00
994,310.00

98.93 4.42%
989,312.00
12,000.00

0.62%
(4,998.00)
A1/AA
AA-

2.70 2.50
14913V2C1 CATERPILLAR FINANCIAL SERVICES
CORP 4.3 05/15/2029 1,000,000.00 05/12/2026

4.35%
998,520.00
998,520.00

99.63 4.44%
996,335.00
5,494.44

0.63%
(2,185.00)
A1/A
A+

2.87 2.66
38151LAJ9 GOLDMAN SACHS BANK USA

4.656 06/03/2029 515,000.00 05/27/2026

4.57%
515,000.00
515,000.00
100.06

4.54%
515,318.79
1,864.99

0.33%
318.79
A1/A+
AA-

2.93 1.81
67066GAQ7 NVIDIA CORP 4.35 06/15/2029 2,000,000.00 --

4.40%
1,996,990.00
1,996,990.00

99.70 4.46%
1,993,974.00
3,141.67

1.26%
(3,016.00)
Aa1/AA
NA

2.96 2.74
69371RU53 PACCAR FINANCIAL CORP 4.3
06/18/2029 715,000.00 06/16/2026

4.34%
714,106.25
714,106.25

99.70 4.41%
712,872.88
1,110.24

0.45%
(1,233.38)
A1/A+
NA

2.97 2.75
61748UAK8 MORGAN STANLEY 4.133
10/18/2029 580,000.00 10/17/2025

4.36%
580,000.00
580,000.00

98.64 4.70%
572,083.00
4,860.87

0.36%
(7,917.00)
A1/A-
A+

3.30 2.15
06406RCG0 BANK OF NEW YORK MELLON
CORP 4.026 01/22/2030 535,000.00 01/14/2026

4.09%
535,000.00
535,000.00

98.61 4.50%
527,548.52
9,513.10

0.33%
(7,451.48)
Aa3/A
AA-

3.56 2.36
Total Corporate 41,660,000.00 4.49%
41,282,564.25
41,282,564.25

99.50 4.37%
41,448,515.04
461,589.86

26.16%
165,950.79

1.66 1.47

MONEY MARKET
FUND
31846V567 FIRST AMER:GVT OBLG Z 689,180.67 --

3.53%
689,180.67
689,180.67

1.00 3.53%
689,180.67

0.00 0.43%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 689,180.67 3.53%
689,180.67
689,180.67

1.00 3.53%
689,180.67

0.00 0.43%

0.00 0.00

0.00 SUPRANATIONAL
34 175

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
459058LT8

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.625 05/05/2028
1,335,000.00 04/29/2025

3.70%
1,332,036.30
1,332,036.30

99.04 4.17%
1,322,167.98
7,527.92

0.83%
(9,868.32)
Aaa/AAA
NA

1.85 1.75
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

98.71 4.17%
493,541.00
8,215.28

0.31%
10,426.00
Aaa/AAA
NA

2.03 1.91
Total Supranational 1,835,000.00 3.86%
1,815,151.30
1,815,151.30

98.95 4.17%
1,815,708.98
15,743.19

1.15%
557.68

1.90 1.80

US TREASURY
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

99.28 3.96%
2,978,343.00
7,663.04

1.88%
211,311.75
Aa1/AA+
AA+

0.38 0.37
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

98.54 4.15%
1,970,704.00
22,941.99

1.24%
83,594.62
Aa1/AA+
AA+

1.08 1.04
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

98.86 4.13%
2,471,485.00
26,112.43

1.56%
26,367.81
Aa1/AA+
AA+

1.17 1.12
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

97.46 4.17%
1,364,507.20
4,023.10

0.86%
65,569.70
Aa1/AA+
AA+

1.38 1.33
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

98.97 4.18%
1,484,532.00
21,899.17

0.94%
17,461.69
Aa1/AA+
AA+

1.59 1.50
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

97.79 4.17%
2,689,200.25
28,411.60

1.70%
4,942.44
Aa1/AA+
AA+

1.63 1.55
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

97.40 4.17%
2,434,960.00
27,002.76

1.54%
60,155.31
Aa1/AA+
AA+

2.13 2.01
91282CNY3 UNITED STATES TREASURY 3.375
09/15/2028 3,000,000.00 09/29/2025

3.64%
2,978,203.13
2,978,203.13

98.34 4.17%
2,950,077.00
29,714.67

1.86%
(28,126.13)
Aa1/AA+
AA+

2.21 2.08
91282CPC9 UNITED STATES TREASURY 3.5
10/15/2028 2,500,000.00 11/10/2025

3.58%
2,494,433.59
2,494,433.59

98.54 4.17%
2,463,575.00
18,408.47

1.55%
(30,858.59)
Aa1/AA+
AA+

2.29 2.16
91282CDF5 UNITED STATES TREASURY 1.375
10/31/2028 2,500,000.00 09/16/2025

3.50%
2,344,433.59
2,344,433.59

93.83 4.18%
2,345,800.00
5,791.44

1.48%
1,366.41
Aa1/AA+
AA+

2.34 2.25
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

97.66 4.17%
1,953,282.00
7,982.34

1.23%
82,657.00
Aa1/AA+
AA+

2.38 2.25
91282CPP0 UNITED STATES TREASURY 3.5
12/15/2028 2,300,000.00 12/30/2025

3.50%
2,299,820.31
2,299,820.31

98.45 4.17%
2,264,421.30
3,519.13

1.43%
(35,399.01)
Aa1/AA+
AA+

2.46 2.32
35 176

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
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
100.21

4.17%
2,254,657.50
31,961.62

1.42%
9,930.94
Aa1/AA+
AA+

2.67 2.46
91282CEM9 UNITED STATES TREASURY 2.875
04/30/2029 2,750,000.00 10/30/2025

3.64%
2,681,787.11
2,681,787.11

96.58 4.17%
2,656,005.00
13,320.31

1.68%
(25,782.11)
Aa1/AA+
AA+

2.83 2.67
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 2,000,000.00 10/29/2024

4.10%
1,991,093.75
1,991,093.75

99.52 4.17%
1,990,468.00
33,370.17

1.26%
(625.75)
Aa1/AA+
AA+

3.08 2.82
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

96.91 4.17%
2,665,137.75
28,723.68

1.68%
46,407.28
Aa1/AA+
AA+

3.17 2.94
91282CFT3 UNITED STATES TREASURY 4.0
10/31/2029 1,700,000.00 02/12/2025

4.49%
1,665,203.13
1,665,203.13

99.45 4.18%
1,690,636.40
11,456.52

1.07%
25,433.27
Aa1/AA+
AA+

3.34 3.07
91282CFY2 UNITED STATES TREASURY 3.875
11/30/2029 3,000,000.00 03/24/2025

4.06%
2,976,679.69
2,976,679.69

99.04 4.18%
2,971,056.00
9,846.31

1.87%
(5,623.69)
Aa1/AA+
AA+

3.42 3.15
91282CGB1 UNITED STATES TREASURY 3.875
12/31/2029 3,000,000.00 07/30/2025

3.91%
2,995,312.50
2,995,312.50

99.02 4.18%
2,970,468.00
315.90

1.87%
(24,844.50)
Aa1/AA+
AA+

3.50 3.24
91282CGJ4 UNITED STATES TREASURY 3.5
01/31/2030 3,000,000.00 02/25/2026

3.55%
2,994,375.00
2,994,375.00

97.75 4.18%
2,932,617.00
43,798.34

1.85%
(61,758.00)
Aa1/AA+
AA+

3.59 3.28
91282CGQ8 UNITED STATES TREASURY 4.0
02/28/2030 2,700,000.00 05/12/2026

4.07%
2,693,566.41
2,693,566.41

99.39 4.18%
2,683,651.50
36,097.83

1.69%
(9,914.91)
Aa1/AA+
AA+

3.67 3.33
91282CGZ8 UNITED STATES TREASURY 3.5
04/30/2030 3,000,000.00 12/09/2025

3.75%
2,969,296.88
2,969,296.88

97.58 4.19%
2,927,343.00
17,690.22

1.85%
(41,953.88)
Aa1/AA+
AA+

3.83 3.52
91282CHF1 UNITED STATES TREASURY 3.75
05/31/2030 3,500,000.00 03/13/2026

3.83%
3,488,789.06
3,488,789.06

98.42 4.19%
3,444,630.00
11,116.80

2.17%
(44,159.06)
Aa1/AA+
AA+

3.92 3.59
91282CHR5 UNITED STATES TREASURY 4.0
07/31/2030 1,500,000.00 03/26/2026

4.02%
1,498,945.31
1,498,945.31

99.27 4.19%
1,489,101.00
25,027.62

0.94%
(9,844.31)
Aa1/AA+
AA+

4.08 3.67
91282CPA3 UNITED STATES TREASURY 3.625
09/30/2030 1,500,000.00 01/29/2026

3.79%
1,489,746.09
1,489,746.09

97.80 4.20%
1,466,953.50
13,668.03

0.93%
(22,792.59)
Aa1/AA+
AA+

4.25 3.86
91282CPD7 UNITED STATES TREASURY 3.625
10/31/2030 2,500,000.00 06/10/2026

4.24%
2,439,355.47
2,439,355.47

97.74 4.20%
2,443,555.00
15,268.34

1.54%
4,199.53
Aa1/AA+
AA+

4.34 3.94
61,659,451.18 98.20 61,957,166.40 39.10% 2.75
Total US Treasury 63,100,000.00 3.96% 61,659,451.18 4.16% 495,131.83 297,715.22 2.54 157,564,652.09 98.62 158,458,247.15 100.00% 2.09
Total Portfolio 160,002,279.71 4.27% 157,564,652.09 4.22% 1,341,139.92 893,595.06 1.78 36 177

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Market Value +
Accrued 159,799,387.07
37 178

TRANSACTIONS
38 179

TRANSACTION LEDGER
City of Murrieta | Account #10703|04/01/2026 Through 06/30/2026| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 04/21/2026 89240QAD7 580,000.00 TAOT 2026-B A3 4.13 12/16/2030 99.979 4.14% (579,877.68) 0.00 (579,877.68) 0.00 Purchase 04/22/2026 05594YAD8 715,000.00 BMWLT 2026-1 A3

4.15 05/25/2029 99.989 4.15% (714,920.99) 0.00 (714,920.99) 0.00 Purchase 04/29/2026 023135DC7 1,000,000.00 AMAZON.COM INC 4.0 03/13/2029 99.431 4.21% (994,310.00) (5,111.11) (999,421.11) 0.00 Purchase 05/13/2026 91282CGQ8 2,700,000.00

UNITED STATES
TREASURY 4.0
02/28/2030

99.762 4.07% (2,693,566.41) (21,717.39) (2,715,283.80) 0.00 Purchase 05/14/2026 36275AAD1 520,000.00 GMALT 2026-2 A3 4.3 03/20/2029 99.989 4.30% (519,943.74) 0.00 (519,943.74) 0.00 Purchase 05/15/2026 14913V2C1 1,000,000.00

CATERPILLAR

FINANCIAL SERVICES
CORP 4.3 05/15/2029

99.852 4.35% (998,520.00) 0.00 (998,520.00) 0.00
Purchase 06/03/2026 38151LAJ9 515,000.00

GOLDMAN SACHS
BANK USA 4.656
06/03/2029
100.000 4.57% (515,000.00) 0.00 (515,000.00) 0.00
Purchase 06/03/2026 38151LAJ9 515,000.00

GOLDMAN SACHS
BANK USA 4.656
06/03/2029
100.000 4.57% (515,000.00) 0.00 0.00 0.00
Purchase 06/03/2026 38151LAJ9 (515,000.00)

GOLDMAN SACHS
BANK USA 4.656
06/03/2029
100.000 4.57% 515,000.00 0.00 0.00 0.00
Purchase 06/12/2026 91282CPD7 2,500,000.00

UNITED STATES
TREASURY 3.625
10/31/2030

97.574 4.24% (2,439,355.47) (10,589.33) (2,449,944.80) 0.00 Purchase 06/18/2026 67066GAQ7 1,000,000.00 NVIDIA CORP 4.35 06/15/2029 99.953 4.37% (999,530.00) 0.00 (999,530.00) 0.00 Purchase 06/18/2026 69371RU53 715,000.00 PACCAR FINANCIAL CORP 4.3 06/18/2029 99.875 4.34% (714,106.25) 0.00 (714,106.25) 0.00 Purchase 06/22/2026 67066GAQ7 1,000,000.00 NVIDIA CORP 4.35 06/15/2029 99.746 4.44% (997,460.00) (483.33) (997,943.33) 0.00 Total Purchase 12,245,000.00 (12,166,590.54) (37,901.16) (12,204,491.70) 0.00 TOTAL
ACQUISITIONS 12,245,000.00 (12,166,590.54) (37,901.16) (12,204,491.70) 0.00 39 180

DISPOSITIONS
Maturity 04/10/2026 57629W6F2 (750,000.00)

MASSMUTUAL GLOBAL
FUNDING II 4.5
04/10/2026
100.000 4.52% 750,000.00 0.00 750,000.00 517.50
Maturity 05/03/2026 00440EAV9 (1,000,000.00) CHUBB INA HOLDINGS LLC 3.35 05/03/2026 100.000 5.23% 1,000,000.00 0.00 1,000,000.00 45,780.00 Maturity 05/08/2026 3133ERDZ1 (1,000,000.00)

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.75 05/08/2026
100.000 4.87% 1,000,000.00 0.00 1,000,000.00 2,310.00
Maturity 06/12/2026 3130AWLZ1 (2,000,000.00)

FEDERAL HOME
LOAN BANKS 4.75
06/12/2026
100.000 4.78% 2,000,000.00 0.00 2,000,000.00 1,380.00
Maturity 06/20/2026 58989V2F0 (1,000,000.00)

MET TOWER GLOBAL
FUNDING 5.4
06/20/2026
100.000 5.38% 1,000,000.00 0.00 1,000,000.00 (440.00)
Total Maturity (5,750,000.00) 5,750,000.00 0.00 5,750,000.00 49,547.50 Sale 04/08/2026 78016HZT0 (1,245,000.00)

ROYAL BANK OF
CANADA 4.875
01/19/2027
100.561 4.88% 1,251,984.45 13,318.91 1,265,303.36 7,295.70 Sale 05/12/2026 06368MJG0 (1,500,000.00) BANK OF MONTREAL

5.004 01/27/2029 100.851 4.96% 1,512,765.00 21,892.50 1,534,657.50 10,905.00 Sale 06/17/2026 91282CFM8 (1,600,000.00)

UNITED STATES
TREASURY 4.125
09/30/2027
100.164 4.19% 1,602,625.00 14,065.57 1,616,690.57 7,125.00 Total Sale (4,345,000.00) 4,367,374.45 49,276.98 4,416,651.43 25,325.70 TOTAL
DISPOSITIONS (10,095,000.00) 10,117,374.45 49,276.98 10,166,651.43 74,873.20 40 181

IMPORTANT DISCLOSURES
2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS 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 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.

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.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

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.

LGIP Yields: Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculations are subject to change and may not be directly comparable across funds.

LAIF Yields: Additional Disclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yields represent the most recently available Daily Effective Yield and may reflect data from approximately 7–10 days prior to month-end. 41 182

BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 1-3 Yr US Treasury Index
The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance. 42 183
MALIA M. COHEN
California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name MURRIETA
Account Number
As of 7/15/2026, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 6/30/2026.

Earnings Ratio 0.00010743238142967
Interest Rate 3.92%
Dollar Day Total $ 5,703,919,469.99
Quarter End Principal Balance $ 62,774,278.85
Quarterly Interest Earned $ 612,785.65
184

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 04/01/2026 THROUGH 04/30/2026

FOR QUESTIONS, PLEASE CONTACT GLOBAL PAYMENTS AND LIQUIDITY SERVICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
4-01-2026 Beginning Balance 53,896,604.81
4-01-2026 Sweep Funds Return To DDA 1,733,263.58
4-02-2026 Next Day Sweep Purchase 5,832,204.56
4-06-2026 Next Day Sweep Purchase 178,214.87
4-06-2026 Sweep Funds Return To DDA 1,306,573.12
4-07-2026 Sweep Funds Return To DDA 937,140.97
4-08-2026 Sweep Funds Return To DDA 472,479.44
4-09-2026 Sweep Funds Return To DDA 4,122.10
4-10-2026 Sweep Funds Return To DDA 12,845.07
4-13-2026 Sweep Funds Return To DDA 60,460.13
4-14-2026 Sweep Funds Return To DDA 1,399,995.20
4-15-2026 Next Day Sweep Purchase 2,138,406.77
4-16-2026 Sweep Funds Return To DDA 165,151.36
4-17-2026 Sweep Funds Return To DDA 576,428.18
4-20-2026 Sweep Funds Return To DDA 810,506.79
4-21-2026 Sweep Funds Return To DDA 269,906.72
4-22-2026 Sweep Funds Return To DDA 454,892.47
4-23-2026 Next Day Sweep Purchase 967,995.11
4-24-2026 Sweep Funds Return To DDA 6,696.72
4-27-2026 Next Day Sweep Purchase 7,804,699.95
4-28-2026 Sweep Funds Return To DDA 453,007.55
4-29-2026 Sweep Funds Return To DDA 2,541,381.06
4-30-2026 Next Day Sweep Purchase 946,701.59
4-30-2026 Ending Balance 60,559,977.20
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 04-01 52,163,341.23 3.592 % .000098412 5,133.50
04-02 57,995,545.79 3.591 % .000098391 5,706.24
04-03* 57,995,545.79 3.591 % .000098391 5,706.24
04-04* 56,867,187.54 3.591 % .000098391 5,595.22
04-05* 56,867,187.54 3.591 % .000098391 5,595.22

Page 1 of 2 ends

CITY OF MURRIETA

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

FUND SUMMARY
Dividends Earned YTD 628,812.08
Federal Withholding YTD .00
7-Day Simple Yield 3.59974 %
Federal Withholding .00
Beginning Balance 53,896,604.81
Shares Purchased 17,868,222.85 +
Shares Redeemed 11,204,850.46 -
Ending Balance 60,559,977.20
Prior Month Dividends Paid to Checking 167,537.91
Dividends Earned in Current Month 165,660.90
Funds Pending Redemption 670,597.39-
185

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 04-06 56,867,187.54 3.588 % .000098311 5,590.67
04-07 55,930,046.57 3.580 % .000098084 5,485.84
04-08 55,457,567.13 3.563 % .000097628 5,414.21
04-09 55,453,445.03 3.540 % .000097008 5,379.43
04-10 55,440,599.96 3.561 % .000097565 5,409.06
04-11* 55,380,139.83 3.561 % .000097565 5,403.16
04-12* 55,380,139.83 3.561 % .000097565 5,403.16
04-13 55,380,139.83 3.577 % .000098025 5,428.64
04-14 53,980,144.63 3.594 % .000098488 5,316.40
04-15 56,118,551.40 3.628 % .000099418 5,579.19
04-16 55,953,400.04 3.614 % .000099018 5,540.39
04-17 55,376,971.86 3.595 % .000098514 5,455.41
04-18* 54,566,465.07 3.595 % .000098514 5,375.56
04-19* 54,566,465.07 3.595 % .000098514 5,375.56
04-20 54,566,465.07 3.585 % .000098236 5,360.39
04-21 54,296,558.35 3.584 % .000098195 5,331.65
04-22 53,841,665.88 3.588 % .000098314 5,293.39
04-23 54,809,660.99 3.593 % .000098442 5,395.57
04-24 54,802,964.27 3.606 % .000098807 5,414.92
04-25* 54,802,964.27 3.606 % .000098807 5,414.92
04-26* 54,802,964.27 3.606 % .000098807 5,414.92
04-27 62,607,664.22 3.606 % .000098800 6,185.64
04-28 62,154,656.67 3.594 % .000098469 6,120.31
04-29 59,613,275.61 3.586 % .000098247 5,856.83
04-30 60,559,977.20 3.603 % .000098733 5,979.27
TOTAL MTD 165,660.91
* 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.

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.
04/01/2026 - 04/30/2026

Page 2 of 2 ends

Account Number - DDA
186

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 05/01/2026 THROUGH 05/31/2026

FOR QUESTIONS, PLEASE CONTACT GLOBAL PAYMENTS AND LIQUIDITY SERVICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
5-01-2026 Beginning Balance 60,559,977.20
5-01-2026 Sweep Funds Return To DDA 670,597.39
5-04-2026 Sweep Funds Return To DDA 305,534.14
5-05-2026 Sweep Funds Return To DDA 9,701.95
5-06-2026 Sweep Funds Return To DDA 435,110.36
5-07-2026 Sweep Funds Return To DDA 1,466,335.00
5-08-2026 Sweep Funds Return To DDA 970,180.91
5-11-2026 Sweep Funds Return To DDA 20,324.82
5-12-2026 Sweep Funds Return To DDA 359,561.63
5-13-2026 Next Day Sweep Purchase 30,971.03
5-14-2026 Sweep Funds Return To DDA 1,945,420.96
5-15-2026 Sweep Funds Return To DDA 8,042.26
5-18-2026 Sweep Funds Return To DDA 427,825.60
5-19-2026 Sweep Funds Return To DDA 442,004.42
5-20-2026 Sweep Funds Return To DDA 342,661.35
5-21-2026 Sweep Funds Return To DDA 211,065.75
5-22-2026 Next Day Sweep Purchase 42,792.01
5-26-2026 Next Day Sweep Purchase 503.60
5-27-2026 Next Day Sweep Purchase 3,193,160.67
5-28-2026 Sweep Funds Return To DDA 340,095.59
5-29-2026 Sweep Funds Return To DDA 747,167.59
5-31-2026 Ending Balance 55,125,774.79
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 05-01 59,889,379.81 3.595 % .000098502 5,899.22
05-02* 59,583,845.67 3.595 % .000098502 5,869.13
05-03* 59,583,845.67 3.595 % .000098502 5,869.13
05-04 59,583,845.67 3.581 % .000098136 5,847.32
05-05 59,574,143.72 3.572 % .000097877 5,830.94
05-06 59,139,033.36 3.565 % .000097689 5,777.23
05-07 57,672,698.36 3.553 % .000097367 5,615.42

Page 1 of 2 ends

CITY OF MURRIETA

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

FUND SUMMARY
Dividends Earned YTD 796,802.33
Federal Withholding YTD .00
7-Day Simple Yield 3.57317 %
Federal Withholding .00
Beginning Balance 60,559,977.20
Shares Purchased 3,267,427.31 +
Shares Redeemed 8,701,629.72 -
Ending Balance 55,125,774.79
Prior Month Dividends Paid to Checking 165,660.90
Dividends Earned in Current Month 167,990.25
Funds Pending Investment 18,457,368.42
187

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 05-08 56,702,517.45 3.552 % .000097319 5,518.23
05-09* 56,682,192.63 3.552 % .000097319 5,516.25
05-10* 56,682,192.63 3.552 % .000097319 5,516.25
05-11 56,682,192.63 3.553 % .000097353 5,518.18
05-12 56,322,631.00 3.553 % .000097355 5,483.29
05-13 56,353,602.03 3.553 % .000097356 5,486.36
05-14 54,408,181.07 3.538 % .000096955 5,275.15
05-15 54,400,138.81 3.521 % .000096482 5,248.63
05-16* 53,972,313.21 3.521 % .000096482 5,207.36
05-17* 53,972,313.21 3.521 % .000096482 5,207.36
05-18 53,972,313.21 3.511 % .000096210 5,192.68
05-19 53,530,308.79 3.508 % .000096123 5,145.49
05-20 53,187,647.44 3.500 % .000095904 5,100.91
05-21 52,976,581.69 3.503 % .000095995 5,085.49
05-22 53,019,373.70 3.516 % .000096340 5,107.89
05-23* 53,019,373.70 3.516 % .000096340 5,107.89
05-24* 53,019,373.70 3.516 % .000096340 5,107.89
05-25* 53,019,373.70 3.516 % .000096340 5,107.89
05-26 53,019,877.30 3.560 % .000097546 5,171.88
05-27 56,213,037.97 3.579 % .000098080 5,513.37
05-28 55,872,942.38 3.570 % .000097830 5,466.05
05-29 55,125,774.79 3.574 % .000097942 5,399.13
05-30* 55,125,774.79 3.574 % .000097942 5,399.13
05-31* 55,125,774.79 3.574 % .000097942 5,399.13
TOTAL MTD 167,990.27
* 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.

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.
05/01/2026 - 05/31/2026

Page 2 of 2 ends

Account Number - DDA
188

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 06/01/2026 THROUGH 06/30/2026

FOR QUESTIONS, PLEASE CONTACT GLOBAL PAYMENTS AND LIQUIDITY SERVICE AT 1-800-AT-WELLS (1-800-289-3557).

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
6-01-2026 Beginning Balance 55,125,774.79
6-01-2026 Next Day Sweep Purchase 18,457,368.42
6-02-2026 Sweep Funds Return To DDA 236,775.02
6-03-2026 Sweep Funds Return To DDA 1,793,471.48
6-04-2026 Sweep Funds Return To DDA 870,976.35
6-05-2026 Sweep Funds Return To DDA 17,200,899.77
6-08-2026 Sweep Funds Return To DDA 199,967.96
6-09-2026 Sweep Funds Return To DDA 58,089.55
6-10-2026 Sweep Funds Return To DDA 2,268,552.54
6-11-2026 Next Day Sweep Purchase 231,613.50
6-12-2026 Next Day Sweep Purchase 1,558.69
6-15-2026 Sweep Funds Return To DDA 107,833.37
6-16-2026 Next Day Sweep Purchase 93,144.31
6-17-2026 Next Day Sweep Purchase 422,897.76
6-18-2026 Next Day Sweep Purchase 8,921.24
6-22-2026 Sweep Funds Return To DDA 72,517.65
6-23-2026 Next Day Sweep Purchase 219,685.61
6-24-2026 Sweep Funds Return To DDA 1,898,293.72
6-25-2026 Next Day Sweep Purchase 61,229.29
6-26-2026 Next Day Sweep Purchase 4,513,263.35
6-29-2026 Next Day Sweep Purchase 287,075.90
6-30-2026 Next Day Sweep Purchase 10,960.91
6-30-2026 Ending Balance 54,726,116.36
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 06-01 73,583,143.21 3.576 % .000097986 7,210.12
06-02 73,346,368.19 3.568 % .000097774 7,171.37
06-03 71,552,896.71 3.567 % .000097742 6,993.72
06-04 70,681,920.36 3.561 % .000097580 6,897.14
06-05 53,481,020.59 3.570 % .000097823 5,231.67
06-06* 53,281,052.63 3.570 % .000097823 5,212.11

Page 1 of 2 ends

CITY OF MURRIETA

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

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

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.
06/01/2026 - 06/30/2026

Page 2 of 2 ends

Account Number - DDA
190

CUSTOMER SERVICE INFORMATION
12052927030200476801
1 4Page of
Commercial Checking With Interest
04768 LIA 703 020 12026 - NNNNNNNNNNNN 0000
JPMorgan Chase Bank, N.A.

P O Box 182051
Columbus OH 43218- 2051
For the Period 4/1/26 to 4/30/26
Advice Date: April 30, 2026
Account:

CITY OF MURRIETA

GENERAL
1 TOWN SQUARE
MURRIETA CA 92562
Annual Percentage Yield *

2.68%
Rate

0.00%
Day Basis
365
Compounding Method
Monthly
Average Daily Balance
$3,348,921.16
If you have any questions about this
notice, please contact your Customer
Service Professional.
* Annual Percentage Yield - the percentage rate earned if balances remain on deposit for a full year with compounding, no change in the interest rate and all interest is left in the account.

Interest Payment Summary
191

0.00 0.00

0.00 0.00
2 4Page of
04768 LIA 703 20 12026
For the Period 4/1/26 to 4/30/26
Advice Date: April 30, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
4/01

0.000072

2.65% 3,348,921.16 243.13 243.13
4/02

0.000072

2.65% 3,348,921.16 243.13 486.26
4/03

0.000072

2.65% 3,348,921.16 243.13 729.39
4/04

0.000072

2.65% 3,348,921.16 243.13 972.52
4/05

0.000072

2.65% 3,348,921.16 243.13 1,215.65
4/06

0.000072

2.65% 3,348,921.16 243.13 1,458.79
4/07

0.000072

2.65% 3,348,921.16 243.13 1,701.92
4/08

0.000072

2.65% 3,348,921.16 243.13 1,945.05
4/09

0.000072

2.65% 3,348,921.16 243.13 2,188.18
4/10

0.000072

2.65% 3,348,921.16 243.13 2,431.31
4/11

0.000072

2.65% 3,348,921.16 243.13 2,674.44
4/12

0.000072

2.65% 3,348,921.16 243.13 2,917.58
4/13

0.000072

2.65% 3,348,921.16 243.13 3,160.71
4/14

0.000072

2.65% 3,348,921.16 243.13 3,403.84
4/15

0.000072

2.65% 3,348,921.16 243.13 3,646.97
4/16

0.000072

2.65% 3,348,921.16 243.13 3,890.10
4/17

0.000072

2.65% 3,348,921.16 243.13 4,133.23
4/18

0.000072

2.65% 3,348,921.16 243.13 4,376.37
Daily Details
192

0.00 0.00

0.00 0.00
$7,293.95
12052927030200476802
3 4Page of
04768 LIA 703 20 12026
For the Period 4/1/26 to 4/30/26
Advice Date: April 30, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
TOTAL AMOUNT CREDITED FOR THIS PERIOD:
4/19

0.000072

2.65% 3,348,921.16 243.13 4,619.50
4/20

0.000072

2.65% 3,348,921.16 243.13 4,862.63
4/21

0.000072

2.65% 3,348,921.16 243.13 5,105.76
4/22

0.000072

2.65% 3,348,921.16 243.13 5,348.89
4/23

0.000072

2.65% 3,348,921.16 243.13 5,592.02
4/24

0.000072

2.65% 3,348,921.16 243.13 5,835.16
4/25

0.000072

2.65% 3,348,921.16 243.13 6,078.29
4/26

0.000072

2.65% 3,348,921.16 243.13 6,321.42
4/27

0.000072

2.65% 3,348,921.16 243.13 6,564.55
4/28

0.000072

2.65% 3,348,921.16 243.13 6,807.68
4/29

0.000072

2.65% 3,348,921.16 243.13 7,050.81
4/30

0.000072

2.65% 3,348,921.16 243.13 7,293.95
(Continued)
Daily Details
193

CUSTOMER SERVICE INFORMATION
14952927030200473101
1 4Page of
Commercial Checking With Interest
04731 LIA 703 020 14926 - NNNNNNNNNNNN 0000
JPMorgan Chase Bank, N.A.

P O Box 182051
Columbus OH 43218- 2051
For the Period 5/1/26 to 5/31/26
Advice Date: May 31, 2026
Account:

CITY OF MURRIETA

GENERAL
1 TOWN SQUARE
MURRIETA CA 92562
Annual Percentage Yield *

2.68%
Rate

0.00%
Day Basis
365
Compounding Method
Monthly
Average Daily Balance
$3,359,311.70
If you have any questions about this
notice, please contact your Customer
Service Professional.
* Annual Percentage Yield - the percentage rate earned if balances remain on deposit for a full year with compounding, no change in the interest rate and all interest is left in the account.

Interest Payment Summary
194

0.00 0.00

0.00 0.00
2 4Page of
04731 LIA 703 20 14926
For the Period 5/1/26 to 5/31/26
Advice Date: May 31, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
5/01

0.000072

2.65% 3,356,215.11 243.66 243.66
5/02

0.000072

2.65% 3,356,215.11 243.66 487.32
5/03

0.000072

2.65% 3,356,215.11 243.66 730.98
5/04

0.000072

2.65% 3,356,215.11 243.66 974.64
5/05

0.000072

2.65% 3,356,215.11 243.66 1,218.30
5/06

0.000072

2.65% 3,356,215.11 243.66 1,461.96
5/07

0.000072

2.65% 3,356,215.11 243.66 1,705.62
5/08

0.000072

2.65% 3,356,215.11 243.66 1,949.28
5/09

0.000072

2.65% 3,356,215.11 243.66 2,192.95
5/10

0.000072

2.65% 3,356,215.11 243.66 2,436.61
5/11

0.000072

2.65% 3,356,215.11 243.66 2,680.27
5/12

0.000072

2.65% 3,356,215.11 243.66 2,923.93
5/13

0.000072

2.65% 3,356,215.11 243.66 3,167.59
5/14

0.000072

2.65% 3,356,215.11 243.66 3,411.25
5/15

0.000072

2.65% 3,356,215.11 243.66 3,654.91
5/16

0.000072

2.65% 3,356,215.11 243.66 3,898.57
5/17

0.000072

2.65% 3,356,215.11 243.66 4,142.24
5/18

0.000072

2.65% 3,356,215.11 243.66 4,385.90
Daily Details
195

0.00 0.00

0.00 $7,560.47
14952927030200473102
3 4Page of
04731 LIA 703 20 14926
For the Period 5/1/26 to 5/31/26
Advice Date: May 31, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
TOTAL AMOUNT CREDITED FOR THIS PERIOD:
5/19

0.000072

2.65% 3,356,215.11 243.66 4,629.56
5/20

0.000072

2.65% 3,356,215.11 243.66 4,873.22
5/21

0.000072

2.65% 3,356,215.11 243.66 5,116.88
5/22

0.000072

2.65% 3,356,215.11 243.66 5,360.54
5/23

0.000072

2.65% 3,356,215.11 243.66 5,604.20
5/24

0.000072

2.65% 3,356,215.11 243.66 5,847.86
5/25

0.000072

2.65% 3,356,215.11 243.66 6,091.53
5/26

0.000072

2.65% 3,356,215.11 243.66 6,335.19
5/27

0.000072

2.65% 3,356,215.11 243.66 6,578.85
5/28

0.000072

2.65% 3,356,215.11 243.66 6,822.51
5/29

0.000072

2.65% 3,388,213.28 245.98 7,068.49
5/30

0.000072

2.65% 3,388,213.28 245.98 7,314.48
5/31

0.000072

2.65% 3,388,213.28 245.98 7,560.47
(Continued)
Daily Details
196

CUSTOMER SERVICE INFORMATION
18152927030200471901
1 4Page of
Commercial Checking With Interest
04719 LIA 703 020 18126 - NNNNNNNNNNNN 0000
JPMorgan Chase Bank, N.A.

P O Box 182051
Columbus OH 43218- 2051
For the Period 6/1/26 to 6/30/26
Advice Date: June 30, 2026
Account:

CITY OF MURRIETA

GENERAL
1 TOWN SQUARE
MURRIETA CA 92562
Annual Percentage Yield *

2.68%
Rate

Interest Payment Summary
197

0.00 0.00

0.00 0.00
2 4Page of
04719 LIA 703 20 18126
For the Period 6/1/26 to 6/30/26
Advice Date: June 30, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
6/01

0.000072

2.65% 3,515,945.22 255.25 255.25
6/02

0.000072

2.65% 3,518,269.54 255.42 510.68
6/03

0.000072

2.65% 3,524,692.87 255.89 766.57
6/04

0.000072

2.65% 25,139,042.05 1,825.09 2,591.67
6/05

0.000072

2.65% 26,066,157.12 1,892.40 4,484.07
6/06

0.000072

2.65% 26,066,157.12 1,892.40 6,376.47
6/07

0.000072

2.65% 26,066,157.12 1,892.40 8,268.88
6/08

0.000072

2.65% 25,053,131.01 1,818.85 10,087.73
6/09

0.000072

2.65% 25,057,911.33 1,819.20 11,906.94
6/10

0.000072

2.65% 25,129,623.30 1,824.41 13,731.35
6/11

0.000072

2.65% 25,133,016.51 1,824.65 15,556.00
6/12

0.000072

2.65% 28,209,463.21 2,048.00 17,604.01
6/13

0.000072

2.65% 28,209,463.21 2,048.00 19,652.02
6/14

0.000072

2.65% 28,209,463.21 2,048.00 21,700.03
6/15

0.000072

2.65% 29,384,531.55 2,133.31 23,833.34
6/16

0.000072

2.65% 28,868,223.66 2,095.83 25,929.18
6/17

0.000072

2.65% 28,623,612.99 2,078.07 28,007.25
6/18

0.000072

2.65% 28,923,217.27 2,099.82 30,107.08
Daily Details
198

0.00 0.00

0.00 0.00
$54,302.92
18152927030200471902
3 4Page of
04719 LIA 703 20 18126
For the Period 6/1/26 to 6/30/26
Advice Date: June 30, 2026
Account:

DATE
RATE
RATE

CLOSING

DAILY AMOUNT

CUMULATIVE
CREDIT

CUMULATIVE
DEBIT
1 DAY Annual
TIERS

BALANCE AMOUNT AMOUNT
TOTAL AMOUNT CREDITED FOR THIS PERIOD:
6/19

0.000072

2.65% 28,923,217.27 2,099.82 32,206.90
6/20

0.000072

2.65% 28,923,217.27 2,099.82 34,306.73
6/21

0.000072

2.65% 28,923,217.27 2,099.82 36,406.55
6/22

0.000072

2.65% 28,409,549.45 2,062.53 38,469.09
6/23

0.000072

2.65% 28,270,696.43 2,052.45 40,521.54
6/24

0.000072

2.65% 27,950,135.04 2,029.17 42,550.72
6/25

0.000072

2.65% 27,934,316.26 2,028.03 44,578.75
6/26

0.000072

2.65% 27,296,109.22 1,981.69 46,560.45
6/27

0.000072

2.65% 27,296,109.22 1,981.69 48,542.14
6/28

0.000072

2.65% 27,296,109.22 1,981.69 50,523.84
6/29

0.000072

2.65% 26,058,798.22 1,891.86 52,415.71
6/30

0.000072

2.65% 25,994,569.86 1,887.20 54,302.92
(Continued)
Daily Details
199
Portfolio Composition Chart as of June 30, 2026
CSD/LLD 2.58%Development Impact Funds 23.39%Fire 1.90%General Fund 25.05%Grant Funding -0.33%Housing Authority 1.83%ISF 7.82%Library 0.48%Measure A/Gas Tax 8.93%Measure T 16.01%Misc 6.57%Trust Accounts / Custodial Accounts4.42%Successor Agency 1.36%TOTAL PORTFOLIO AS OF JUNE 30, 2026 200

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 6.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Diego Chavez, Administrative Services Director
PREPARED BY: Diane Kohanyi, Management Analyst - IT
SUBJECT:

Renewal of the SpamTitan Plus Cloud Email Protection Solution

ABSTRACT
Following a cybersecurity incident in 2022, the City of Murrieta enhanced its cybersecurity program, including implementing the SpamTitan Plus Cloud email protection solution. The Information Technology Division (IT Division) is requesting approval to renew the service for an additional 36 months to continue protecting the City against phishing, spam, malware, and other email-based threats. The renewal supports the City’songoing commitment to maintaining a strong cybersecurity posture and is exempt from competitive bidding pursuant to Murrieta Municipal Code Section 3.08.280(I).

RECOMMENDATION
Approve a three (3) year subscription with Titan HQ in the amount not-to-exceed $35,380.80 for the SpamTitan Plus Cloud product and accept the Terms and Conditions; Authorize exemption from current bidding requirements in accordance with Municipal Code Section 3.08.280.I; and
Authorize the City Manager to execute related orders, renewals, amendments, and administrative changes necessary to maintain service, provided the total cost does not exceed the approved budget authority.

PRIOR ACTION/VOTE
None.

STRATEGIC ALIGNMENT
This item aligns with the City Council goal of: providing a high level of innovative public safety relating to an administrative priority. The City Departments' Top Projects List includes establishing a dedicated disaster recovery site to ensure continuity of operations in the event of a system failure or cyber incident.

CITY OF MURRIETA Printed on 8/13/2026Page 1 of 2
powered by Legistar™
201
8/18/2026
Agenda Item No. 6.

DISCUSSION
In 2022, the City of Murrieta (City) suffered a cybersecurity incident that disrupted operations. Following this incident, the Information Technology Division (IT Division) made efforts to improve the City’scybersecurity posture, procedures, systems, and responses to ensure that the City does not suffer a similar incident in the future. One of the key security solutions implemented as part of this effort is SpamTitan Plus Cloud email protection solution.

This product provides advanced email filtering and threat protection to safeguard the City’semail environment against phishing, malware, spam, and other email-based cyber threats. Phishing attacks remain one of the most common methods used by threat actors to obtain user credentials and gain unauthorized access to organizational networks. Continued use of SpamTitan Plus will enable the City to maintain a proactive and robust defense against these evolving threats.

On September 13, 2023, the City Manager approved a three-year renewal of SpamTitan Plus Cloud. As the current service approaches expiration, renewal is necessary to ensure uninterrupted protection and maintain the City’shigh level of cybersecurity readiness. The IT Division is requesting approval to renew the SpamTitan Plus Cloud product for an additional 36-month term for a cost of $35,380.80 (Attachment 1). City Council approval is required now that the aggregate total for this service exceeds the City Manager’s purchasing authority.

Pursuant to City of Murrieta Municipal Code Section 3.08.280(I), acquisitions of information technology supplies, equipment, or services are exempt from the City’s standard competitive bidding requirements.

Therefore, the proposed renewal may be processed in accordance with the provisions of this section.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

FISCAL IMPACT
The cost of this service is approximately $1.3104 per user per month for a 36-month term. The annual cost is $11,793.60, resulting in a total three-year contract cost of $35,380.80, which is unchanged from the previous three-year term. Funding for Fiscal Year 2026/27 is available in the adopted Operating Budget under IT Fund account 726830-62160. The IT Department will request funding for the remaining years of the contract as part of the biennial operating budget development process.

ATTACHMENTS
ATT 1 - Sales Order and Terms and Conditions
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Company Confidential

www.cybersentriq.com
Sales order will not be effective until signed by both Parties

Cloud Services Agreement

Sales Order

SUBMITTED BY: Matthew Vickers
Titan HQ ORDER #: 00004261 Mazars Place,
Salthill,
Galway,
H91YFC2
Ireland
ORDER DATE: 06/29/2026

COMPANY NAME: City of Murrieta

USA +1 813 519 5498
Ireland +353 91 545 500
UK +44 1189515200

BILLING CONTACT: Diane Kohanyi

PRODUCT DESCRIPTION ORDER TYPE USERS SUBSCRIPTION TOTAL SpamTitan Plus Cloud Renewal 750 36 Month $11,793.60

Total: $35,380.80
Invoicing Date:
8/31/2026

BILLING TERMS

Initial Term: [ ]
The contract may renew upon written agreement of both parties . If reselling services, the Client will provide Reseller Certificate for tax purposes, for all states where the services will be deployed.

BILLING NOTES

Contract Recipient (Client) CyberSentriq Approver
Name: ____________________________ Name:

Title: ____________________________ Title:

Signature: ____________________________ Signature:

Currency: USD ($)
Payment Schedule: Yearly
Payment Terms: 0 Days
Collection Method: Remittance
203

Company Confidential
Terms of Service

“Affiliate” means an entity that directly or indirectly controls, is controlled by, or is under common control with the applicable entity.

"Agreement" means, collectively, this Master Subscription & Cloud Services Agreement ("MSA"), including any Statements of Work ("SOW"), Order Forms and policies incorporated by reference and any terms and conditions hyperlinked to or otherwise referenced within such documents.

"CyberSentriq" means [tick as applicable]:

☐UK: Redstor Limited (company number 03556110, of St James Wharf, 99-105 Kings Road, Reading, Berkshire, England, RG1 3DD) ☐ Ireland: Copperfasten Technologies Limited (company number 263031, of First Floor, Mazars Place, Salthill, Galway, H91YFC2, Ireland ☐ South Africa: Redstor Africa (PTY) Ltd (company number 1999/024156/07, of 57 Sloane St, Bryanston, Johannesburg, 2021, South Africa.

"Client" ("you", "your") means the entity identified on this Order Form that purchases or trials the Services.

“Content” means any information transmitted, received and/or stored through any Service which belongs to the Client.

“Losses” means, collectively, any damages, legal fees, defence costs and other losses.

“Party” means each of CyberSentriq and the Client (and “the Parties” shall mean both of them collectively).

"Service" means the software-as-a-service provided by CyberSentriq, including but not limited to cloud backup, EntraID backup, email security, web filtering, archiving, security-awareness training, support and any related services provided by Company, as further described in applicable Order forms and SOWs.

CyberSentriq agrees to provide a non -exclusive, non-transferable right to access and use the services as advertised on the company web site www.cybersentriq.com (the “ Service”) and Client agrees to receive the Service and access to the Service, on behalf of itself and its Users, according to the following terms and conditions:

1. The commercial terms and service specifications as set out in the Statements of Work scheduled hereto apply depending on which service you are availing of : the CyberSentriq Platform services, PhishTitan Service, WebTitan Service, SpamTitan Service, ArcTitan Service, EncryptTitan Service, M365 Backup Service, Entra ID and/or the SafeTitan Service.

2. The Service will be used for legitimate business use only and be used in a manner which is consistent with the way in which it is intended to be used and in a way that is compliant with all applicable laws. CyberSentriq reserves the right to suspend or terminate service for the Clients (and / or its Users) failure to comply with these requirements.

The intellectual property rights in the Service, together with any underlying software, are and shall remain the exclusive property of CyberSentriq or that of its licensors. The Client agrees not to take any action inconsistent with CyberSentriq’ S intellectual property rights. Title to the Services, underlying software and all related IP rights remain with CyberSentriq and its licensors. This Agreement is not an agreement of sale, and this Agreement does not transfer any title, intellectual property rights or ownership rights to the CyberSentriq products or services.

3. CyberSentriq will, itself or through one or more its vendors, subcontractors, other service providers (each a CyberSentriq “Partner”) or its Affiliates provide the Service to Client in exchange for payment of fees and compliance with the terms and conditions of this Agreement.

Service payments will be submitted in accordance with the billing procedures and the rates agreed between CyberSentriq and Client. Client certifies that Client has read, is aware of, and understands the rates and fees for usage of the Service as agreed between CyberSentriq and Client. Fees are invoiced annually in advance unless stated otherwise. All Fees are exclusive of taxes, which will be invoiced as required by law. Client shall pay undisputed invoices within 30 days of invoice date. Late payments accrue interest at 4  % per month or the maximum lawful rate, whichever is lower.

4. CyberSentriq guarantees to deliver the Service at the agreed price contained in the Statement of Work, given that payment from the Client has been made in full and according to the agreed payment terms. Cybersentriq also reserves the right, in its sole discretion, to suspend or deactivate the Service to Clients if the agreed payment terms are not being met. Cybersentriq reserves the right to charge for a dditional seats or usage at the pricing agreed in the Statement of Work should the Client exceed the initial order’s user count.

5. Failure to comply with sections 2 and 5 of these terms of use may result in immediate suspension or termination of the Servic e without notice. Cybersentriq reserves the right to cancel the Service, with NO refunds, if it determines, in its sole discretion, that a user or group of users is in breach of sections 2 & 5 of these Terms.

6. Cybersentriq uses a third party to host application servers and to provide communication services. Cybersentriq will use all reasonable endeavors to ensure the third party undertakes to provide its services at or above industry standards. Accordingly, Cybersentriq does not warrant that the Service will be uninterrupted or error -free. Cybersentriq also does not warrant or guarantee that any computer or other device will be compatible with or function with the Service, nor do we warrant or accept any liabilit y for the operation of the Client’s equipment that is used to access the Service. Any reliance by Client upon the Service including any action taken by Client because of such use or reliance is at the sole risk of the Client. As a result, the Client agrees that Cybersentriq shall not be liable to the Client for any claims, 204

Company Confidential
damages, or loss of profit that may be suffered by the Client or any other entity in any respect for direct, indirect, consequential, actual, or punitive damages arising out of or in relation to the Service provided herein, including, but not limited to, losses or damages resulting from the loss of data as the result of delays, non -deliveries, or service interruptions. If Cybersentriq cannot repair or replace the Service, Cybersentriq may either provide a credit note for the non -performing period or refund the list price of the Service. In no event shall Cybersentriq’s liability for actual damages from any cause whatsoever, and regardless of the form of action, exceed the amount of the purchase price paid for the Service in the twelve months preceding the event giving rise to the claim ; other than for limitations of liability (such as for death or personal injury) which may not be excluded by applicable law.

7. REPRESENTATIONS & WARRANTIES: Each Party represents and warrants that it is a bona fide business, has the power and authority to enter in to and perform its obligations under this Agreement, and is not relying upon any statements, commitments, representations, or warranties other than those expressly set out in this Agreement.

8. Client represents and warrants that its orders or purchases are not contingent on the delivery of any future functionality or feature. Except for the warranties expressly provided by Cybersentriq in this Agreement, to the maximum extent permitted under app licable law, Cybersentriq makes no warranties and disclaims all warranties in relation to the Services, and/or thi s Agreement, whether expressed or implied, including, but not limited to, any implied warranties of title, merchantability, fitness for a particular purpose (including providing any complete protection against security threats), performance, system integration, data accuracy or non-infringement. This disclaimer of warranty constitutes an essential part of this Agreement, and no use of the Service is allowed except under this disclaimer.

9. Provision of the Service does not require access to, or use of information being transmitted by Client or Client Customers ot her than machine-read, electronic methods. Information obtained is done so solely for the purpose of monitoring and ensuring the availability and optimisation of the Service.

10. Cybersentriq will maintain security safeguards designed to protect the integrity of the Service and to protect the Service and its Users from unauthorized or unlawful access, use, alteration, or disclosure. These security safeguards will be equivalent to the accepted security standards in the IT industry for similar hosted services.

11. Client shall (i) defend Cybersentriq, its Affiliates, and their personnel (collectively, the “Cybersentriq Parties”) from and against any action, claim, demand, suit, investigation, inquiry, or proceeding (each a “Claim”) threatened or brought against any of them by any third party that arises out of or results from (a) Client ’s Content ; or (b) any actual or alleged breach of the Agreement by Client; or (c) the Client’s combination, operation, or use of the Service with any non -Cybersentriq product, device, service, or software; or (d) the alteration or modification of the Service other than by Cybersentriq or its authorized subcontractors; or (e) the Client’s use of the Service other than in accordance with Cybersentriq’s instructions, and shall indemnify and hold harmless the Cybersentriq Parties against any Losses incured by any of them in connection with any such Claim.

12. An indemnified Party shall: (a) provide the indemnifying Party prompt notice upon becoming aware of such a Claim, (b) permit the indemnifying Party to have sole and exclusive control over the defence and settlement of any such Claim, if it elects, and (c ) provide reasonable assistance to the indemnifying Party in connection therewith; provided, the indemnifying Party shall not enter into any settlement agreement that would result in any payment or other obligation, or restriction on the business of, the ind emnified party without its prior written consent.

13. The Client’s u se of the Service constitutes acceptance of this Agreement irrespective of whether it is formally executed completely or properly by the parties to it.

14. CHANGES TO THESE TERMS OF SERVICE: Cybersentriq may not change these Terms of Service in any manner that would materially reduce the Client’s rights or benefits, or materially increase the Client’s obligations or liability, except where Cybersentriq provides the Client with at least thirty (30) days’ notice of such change. Where Client objects (via written notice to Cybersentriq) to such change before the end of the notice period, such change shall not take effect during the then current Initial Term or Renewal Term (as applicable) but shall take effect if and when the Agreement renews (i.e., on the first day of th is Agreement’s Renewal Term, if any). Where the Client fails to object to such a change, such change shall take effect at the end of the notice period. Cybersentriq may make other changes to these Terms (including without limitation adding new territory-specific terms relating to a new country or region) by posting the changes to www.cybersentriq.com.

The changes shall be effective on posting.

15. TERM: This Agreement shall commence on the date of signature and shall remain in full force and effect for the agreed term.

16. CLIENT AND PERSONAL DATA: The Client grants Cybersentriq a non-exclusive right to access and use its data, which may include personal data, for Cybersentriq to provide the Service to the Client during the Subscription Term. The parties acknowledge that where Cybersentriq processes any personal data when performing its obligations under this agreement, Cybersentriq is the data processor and not the data controller of any personal data related to the Client’s use of the Service . Solely if and to the extent Cybersentriq is processing personal data, as defined in the General Data Protection Regulation or other applicable data protection legislation , on the Client’s behalf, then the current version of Cybersentriq’s Data Processing Agreement, which is available on its website, shall be incorporated herein by reference.

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17. COMPLIANCE WITH LAWS AND REGULATIONS: Each party will comply with applicable laws, regulations, codes, and sanctions with respect to its rights and obligations under this Agreement, including applicable anti -bribery and anti-corruption laws, together with privacy and export control laws and regulations.

18. AUDIT: The Client shall permit Cybersentriq to have access to any use verification report within 30 days from Cybersentriq’s request (such request not to be made more than once per annum) and have access to any records kept in connection with this Agreement, for t he purposes of ensuring that the Client is complying with the terms of this Agreement.

19. RENEWAL: The contract may renew upon written agreement of both parties. All fees under this agreement are subject to an annu al increase adjustment of five percent (5%).

20. TERMINATION: Either party can terminate this agreement upon (i) written notification that the other party is in breach of any material term of this Agreement and such breach remains unresolved for a period of thirty (30) days following written notice; (ii) If the other party becomes voluntarily or involuntarily bankrupt; (iii) if the other party ceases or threatens to cease business. In the event of termi nation, termination notice for the Service must be submitted to Cybersentriq, either in writing or by e mail. Upon receipt of the Termination notice, this agreement and the Service will terminate immediately. It will be entitled to invoice the Client for use of e of the Service prior to and up until receipt of the termination notice. Terms of this agreement, which are intended to survive expiration or termination will survive, including, but not limited to, restrictions on intellectual property, indemnity, limitations on liability and disclaimers of warranties and damages, and governing law.

21. SEVERABILITY: If any term or provision of this Agreement is held by a court of competent authority to be illegal, unenforceab le, or invalid in whole or in part for any reason, the remaining provisions of this Agreement shall remain in full force and effect.

22. FORCE MAJEURE: Neither party shall be responsible to the other party in circumstances where some or all of the obligations under these Terms cannot be performed due to circumstances outside the reasonable control of the defaulting party, including an Act of God, change in legislation, fire, explosion, flood, accident, strike, lockout or other industrial dispute, war, terrorist act, riot, civi l commotion, failure of public power supplies, failure of communication facilities, default of suppliers or sub -contractors, or the inability to secure computer processing facilities (including those of the necessary quality or security), obtain materials or supplies and, in all cases, the inability to do so except at increased prices (whether or not due to such causes). However, if such circumstances persist for more than 28 days, the non - defaulting party may terminate the agreement and all charges due to Cybersentriq up to the date of termination shall become due.

23. ASSIGNMENT: The Client may not transfer the Service or any rights under this Agreement without the prior written consent of Cybersentriq, which consent shall not be unreasonably withheld. A condition to any transfer or assignment shall be that the recipient agrees to the terms of this Agreement. Any attempted transfer or assignment in violation of this provision shall be invalid. Cybersentriq may transfer its rights and obligations under this Agreement, in part or in full, to another organization. Cybersentriq will inform the Client if this happens and Cybersentriq will endeavour to ensure that the transfer will not adversely affect the Client’s rights under the contract.

24. CONFIDENTIALITY: Each party shall, during the term of this Agreement and thereafter, keep confidential all, and shall not use for its own purposes (other than the implementation of this Agreement) nor without the prior written consent of the other disclose to any third party (except its professional advisors or as may be required by any law or any legal or regulatory authority) any, information of a confidential nature (including trade secrets and information of commercial value) which may become known to the such party from the other party and which relates to the other party, unless that information is public knowledge or already known to such party at the time of d isclosure, or subsequently becomes public knowledge other than by breach of this Agreement, or subsequently comes lawfully into the possession of such party from a third party. Each party shall use its reasonable endeavours to prevent the unauthorized disclosure of any such information.

25. The Client hereby assigns to Cybersentriq all intellectual property and other rights, title, and interest in or to any suggestion, improvement, enhancement, recommendation, correction, idea, or other feedback that the Client may provide to Cybersentriq or its Affiliates relating to their operations or the Services, and agrees that Cybersentriq shall be free to use, license, assign, and exploit any ideas, concepts, know- how, or techniques contained therein for any purpose without restriction or compensation.

By accessing or using the Cloud Services, the Client agrees to this Agreement on behalf of itself and its Users and represents and warrants that it has full authority to bind itself and its Users to this Agreement. If the Client does not agree to this Agreement, it may not access or use the Cloud Services. 206

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 7.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Justin Clifton, City Manager
PREPARED BY: Rosa Vega, Director of Executive Services
SUBJECT:

Amendment No. 3 to Agreement with Care Solace, Inc. for Mental Health and Social Service Coordination Services

ABSTRACT
The City Council will consider Amendment No. 3 to the agreement with Care Solace, Inc. to continue mental health and social service coordination services for City of Murrieta residents for an additional one-year term, from August 15, 2026, through August 14, 2027, at an annual cost of $125,000.

RECOMMENDATION
Amend the Fiscal Year (FY) 2026/27 Operating Budget as detailed in the fiscal impact statement; Approve Amendment No. 3 to the Agreement between the City of Murrieta and Care Solace, Inc. for mental health and social service coordination services, extending the agreement through August 14, 2027; and Authorize the City Manager to execute Amendment No. 3 on behalf of the City.

PRIOR ACTION/VOTE
On August 15, 2023, the City Council approved an agreement with Care Solace, Inc. to coordinate access to mental health services for City residents and authorized funding for the agreement. The agreement has subsequently been amended twice.

CITY COUNCIL GOAL
This item aligns with the City Council goal to coordinate and deliver responsive, effective community services.

DISCUSSION
Background
On August 15, 2023, the City Council approved an agreement with Care Solace, Inc. to provide mental health coordination services for City of Murrieta residents. Care Solace connects individuals seeking mental health services with qualified providers and helps individuals navigate the process of identifying appropriate care.

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Agenda Item No. 7.

Care Solace provides access through an online platform, email, text message, phone, and video chat.

Services are available 24 hours a day, seven days a week, and in approximately 200 languages. The service also includes a “warm handoff” process to help connect individuals directly with providers and can support referrals initiated by first responders.

The City’s agreement with Care Solace has been amended twice since its original approval. The current agreement terminates on August 15, 2026. Amendment No. 3 would exercise a third one-year extension, continuing services from August 15, 2026, through August 14, 2027. All other conditions of the agreement remain in full force and effect.

Amendment No. 3 continues the existing scope of mental health and social service coordination services provided by Care Solace. The amendment adds Paragraph 3.1.1 to exercise the third one-year extension and amends Paragraph 4.1 to establish compensation for the extension period.

For the August 15, 2026 through August 14, 2027, extension period, the amendment reflects annual compensation of $125,000. Approval of the amendment will allow the City to continue providing residents with access to Care Solace’s coordination services without interruption.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

FISCAL IMPACT
The cost for the third one-year extension, from August 15, 2026, through August 14, 2027, is $125,000.

Amendment No. 3 also updates the agreement’s total not-to-exceed compensation.

If the City Council approves the third amendment with Care Solace, Inc., staff recommends an amendment to the Fiscal Year (FY) 2026/27 Operating Budget to adjust the revenue budget to $108,000 and an expenditure budget to $125,000 in the Opioid Settlement Fund (338) to cover the cost for this service.

ATTACHMENTS
ATT 1 - Amendment No. 3 to the Agreement between the City of Murrieta and Care Solace, Inc.

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01375.0022 2171118.2 1

AMENDMENT TO THE AGREEMENT WITH THE CITY OF MURRIETA AND CONSULTANT

Amendment No.: 3
Original Agreement Title (“Agreement”): Agreement Between the City of Murrieta and Care Solace, Inc.

Agreement Effective Date: August 15, 2023
Agreement Termination Date: August 15, 2026
Consultant Name: Care Solace, Inc.

Brief Description of Scope of Services (“Services”): Mental health and social service coordination services This Amendment to the Agreement, effective on August 14, 2026, by and between the City of Murrieta, a Municipal Corporation, duly organized and existing under and by virtue of the laws of the State of California ("City"), and the above referenced Consultant with reference to the following facts which are acknowledged by each party as true and correct:

RECITALS
Whereas, City is a general law city, formed and existing pursuant to the provisions of the California Government Code.

Whereas, City and Consultant entered into an Agreement on the Effective Date set forth above for the Services.

Whereas, City and Consultant wish to amend the Agreement, which was previously amended twice, as further set forth herein.

AMENDMENT
NOW, THEREFORE, it is agreed by and between the parties as follows:

1. The above recitals are true and correct

2. The following terms of the Agreement are hereby amended to read as follows:

Paragraph 3.1.1 is added:
"3.1.1 Notwithstanding anything to the contrary in Paragraph 3.1 of the Agreement, the parties wish to exercise a third one year extension to the Agreement. The term of the third extension shall be from August 15, 2026 through August 14, 2027." and
Paragraph 4.1 of the Agreement is amended to read as follows:
“4.1 Consideration. In consideration of the services to be performed by CONSULTANT for the CITY as set forth in Section 1, the CITY agreed to pay CONSULTANT the sum of one hundred sixty-six thousand five hundred dollars per year ($166,500/annually) through August 15, 2025; one hundred thousand dollars ($100,000.00) for the period of August 15, 2025 to August 15, 2026; and one hundred twenty-five thousand 209
01375.0022 2171118.2 2
dollars ($125,000) for the period of August 15, 2026 to August 15, 2027. The total not to exceed sum of this Agreement will be five-hundred fifty-eight thousand dollars ($558,000)."

3. All other conditions of the Agreement shall continue in full force and effect.

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Agreement to be executed on the dates set forth below.

Two corporate officer signatures required when Contractor is a corporation, with one signature required from each of the following groups: 1) Chairperson 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. 210

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 8.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Justin Clifton, City Manager
PREPARED BY: Isaac Bravo, Management Analyst
SUBJECT:

Approval of Comment Letter Opposing San Diego Gas & Electric’s Golden Powerlink Project Segment 4 Configuration

ABSTRACT
The City Council will consider a comment letter opposing the routing of Segment 4 of San Diego Gas & Electric’s Golden Pacific Powerlink project.

RECOMMENDATION
Approve the draft comment letter opposing the preliminary routing of Segment 4 of the Golden Pacific Powerlink project; and
Direct staff to submit the letter to San Diego Gas & Electric.

PRIOR ACTION/VOTE
On July 7, 2026, under Requests to Add or Withdraw Items to Future Agendas, Council Member Stone requested that an item be brought forward opposing the current route for the San Diego Gas & Electric’s Golden Pacific Powerlink project (Consensus was received).

STRATEGIC ALIGNMENT
This item aligns with the City Council goal to foster and promote an engaged, connected and caring community.

DISCUSSION
At the July 7, 2026, City Council meeting, Council Member Stone gained consensus that the City Council consider submitting a letter opposing the preliminary routing of Segment 4 of San Diego Gas & Electric’s proposed Golden Pacific Powerlink project. Because the City of Murrieta’s(City) adopted Legislative Platform does not contain a position specifically addressing this project or regional electrical-transmission alignments, and because the request was made to bring an item back to the Council at-large, the matter has been brought CITY OF MURRIETA Printed on 8/13/2026Page 1 of 3
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Agenda Item No. 8.
back to the City Council for consideration and direction.

The Golden Pacific Powerlink is a proposed 500-kilovolt electrical transmission line that would extend from the existing Imperial Valley Substation to a proposed substation near the border of San Diego and Orange counties. The project was identified through the California Independent System Operator’s statewide transmission-planning process and is intended to increase transmission capacity, reduce electrical-grid congestion, improve regional reliability, and support the delivery of electricity to areas of increased demand.

San Diego Gas & Electric is responsible for designing the project and refining the preliminary route, which remains subject to state and federal environmental review and regulatory approval.

The preliminary alignment has been divided into multiple route segments. Segment 4 would route a 500- kilovolt transmission line through the City of Temecula and other portions of Southwest Riverside County.

According to the City of Temecula, the preliminary alignment would extend across the community from east to west and could include transmission structures reaching up to approximately 191 feet in height.

Although the preliminary Segment 4 alignment does not directly extend through Murrieta, the project could affect the broader Southwest Riverside County region. Murrieta and Temecula are interconnected through shared transportation corridors, employment centers, tourism activity, businesses, and neighborhoods.

Development of a major transmission corridor through an established neighboring community could have regional implications related to community character, economic activity, property owners, traffic circulation, emergency response, wildfire preparedness, and future land-use planning.

The attached draft letter (Attachment 1) expresses the City's recognition of the importance of maintaining a reliable electrical grid and developing the infrastructure necessary to accommodate future energy demand.

However, the scale and permanence of the proposed transmission infrastructure demand careful consideration of alternative routes that avoid established communities and minimize impacts on residences, businesses, and regional economic activity. The draft letter also explicitly opposes the preliminary routing of Segment 4 through developed portions of Southwest Riverside County and requests that San Diego Gas & Electric redesign Segment 4 to prioritize less-developed areas where feasible and meaningfully evaluate alternatives that would avoid or reduce impacts on established communities.

The project is currently in the preliminary design and community-outreach phase. San Diego Gas & Electric’s current schedule anticipates additional public outreach during summer and fall 2026, followed by the filing of an application with the California Public Utilities Commission in fall or winter 2026. State and federal permitting and environmental review are anticipated to continue through 2029. The current route remains preliminary and may be modified through the outreach, environmental review, and permitting processes.

The letter would be submitted during the project’scurrent outreach phase and would request that the City’s concerns be included in the project record and considered before San Diego Gas & Electric advances an alignment for formal regulatory review. The letter would not constitute a formal comment under the California Environmental Quality Act because the formal environmental-review process has not yet commenced. The City would retain the ability to review the project and submit additional comments once an application is filed and environmental documents are released for public review.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

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Agenda Item No. 8.

FISCAL IMPACT
There is no immediate fiscal impact associated with approving and submitting a draft comment letter.

ATTACHMENTS
ATT 1 - Draft Comment Letter to San Diego Gas & Electric CITY OF MURRIETA Printed on 8/13/2026Page 3 of 3
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1 Town Square, Murrieta, CA 92562 ● (951) 304-CITY (2489) ● www.MurrietaCA.gov

CITY OF MURRIETA

TBD

Erica Martin, Director of Project Development
San Diego Gas & Electric
8330 Century Park Court
San Diego, CA 92123-1530

Re: SDG&E Golden Pacific Powerlink: Preliminary Route: Segment 4

Dear Ms. Martin:

On behalf of the City of Murrieta (City), I write to express the City’s opposition to the preliminary routing of Segment 4 of the Golden Pacific Powerlink project through the City of Temecula and the surrounding Southwest Riverside County region.

The City recognizes the need to strengthen California’s electrical transmission system and improve regional grid reliability. Our opposition is not directed at the underlying purpose of the project. Rather, the City is concerned t hat the preliminary Segment 4 alignment would place a major 500 -kilovolt transmission corridor through a highly developed area, creating potentially significant and lasting impacts on established communities.

Southwest Riverside County has developed into an interconnected region of established neighborhoods, schools, businesses, tourism destinations, public facilities, and critical transportation corridors. Although the proposed alignment may not pass directly through Murrieta, impacts to Temecula would affect the broader region, including community character, viewsheds, economic activity, property owners, traffic circulation, emergency operations, and future land-use planning.

The City is also concerned about introducing major transmission infrastructure into a region that regularly experiences wildfire threats and emergency evacuations. Potential impacts to wildfire response, evacuation routes, public safety operations, sensitive resources, and nearby residential communities must be carefully evaluated a nd avoided wherever feasible. Given the scale and permanence of the proposed infrastructure, mitigation measures alone may not adequately address the impacts of routing Segment 4 through established communities.

We understand that the project remains in the early planning and preliminary design phase, and SDG&E has indicated that the route is still being refined before an application is submitted to the California Public Utilities Commission. This is therefore the appropriate time to reconsider Segment 4 and identify alternatives that avoid developed portions of Southwest Riverside County.

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City of Murrieta Comment Letter – SDG&E Golden Powerlink Project TBD

Page 2 ends

1 Town Square, Murrieta, CA 92562 ● (951) 304-CITY (2489) ● www.MurrietaCA.gov

The City respectfully requests that SDG&E redesign Segment 4 to prioritize less developed areas, where feasible, while minimizing impacts to residences, businesses, public facilities, environmentally sensitive areas, and taking into account the need for wildfire emergency- response operations. The environmental review should include a transparent and meaningful comparison of alternative alignments and demonstrate that avoidance of established communities was given substantial consideration.

Although the formal environmental review and public -comment process has not yet begun, we request that this letter be included in the project’s outreach record and considered as SD G&E develops its proposed alignment. We also request continued coordination with the cities of Murrieta and Temecula before any Segment 4 alignment is advanced for regulatory consideration.

For these reasons, the City of Murrieta opposes the current proposed routing of Segment 4 and urges SDG&E to develop an alternative that better protects the residents, businesses, and communities of Southwest Riverside County.

Sincerely,

Jon Levell,
Mayor
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CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 9.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Justin Clifton, City Manager
PREPARED BY: Isaac Bravo, Management Analyst
SUBJECT:

Approval of Joint Recipient Cooperation Agreement with the County of Riverside for Community Development Block Grant Funding for Fiscal Years 2027/28, 2028/29, and 2029/30

ABSTRACT
The City Council will consider continued participation in Riverside County’s Urban County Community Development Block Grant Program for Fiscal Years 2027/28, 2028/29, and 2029/30.

RECOMMENDATION
Adopt Resolution No. 26-4964, entitled: A Resolution of the City Council of the City of Murrieta, California Authorizing Participation in the County of Riverside’sUrban County Community Development Block Grant Program for Fiscal Years 2027/28, 2028/29, and 2029/30 Approving the Joint Cooperating Agreement with the County of Riverside for Participation in the Community Development Block Grant Urban County Program; and Authorize the City Manager to execute the agreement in a form approved by the City Attorney.

PRIOR ACTION/VOTE
Since 2005, the City Council has authorized participation in Riverside County’s Community Development Block Grant and Home Program Funds Cooperation Agreements.

On June 16, 2020, the City Council adopted Resolution No. 20-4270, which authorized continued participation in the County’sUrban County Program for Fiscal Years 2021/22, 2022/2023, and 2023/24. The resolution was modified and readopted on November 3, 2020.

On August 1, 2023, the City Council adopted Resolution No. 23-4695, which authorized continued participation in the County’s Urban County Program for Fiscal Years 2024/25, 2025/26, and 2026/27

STRATEGIC ALIGNMENT
This item aligns with the City Council goal to maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency. This item also aligns with the City Departments' Top Projects List, which identifies administration of the Community Development Block Grant CITY OF MURRIETA Printed on 8/13/2026Page 1 of 2
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Agenda Item No. 9.

Departments' Top Projects List, which identifies administration of the Community Development Block Grant program as a key initiative of the City Manager's Office.

DISCUSSION
The City of Murrieta (City) receives an annual allocation of federal Community Development Block Grant (CDBG) Program funding through the U.S. Department of Housing and Urban Development (HUD). The purpose of CDBG funds is to support community development activities that provide housing and suitable living environments and expand economic opportunities, principally for persons with low to moderate income.

Historically, the City has used CBDG funding to improve accessibility within the public right-of-way, address Americans with Disabilities Act (ADA) issues, and support public service programs proposed by local non- profit organizations. By using CDBG funding for these eligible activities, the City is able to offset General Fund expenditures and dedicate local resources to other priorities.

Every three years, HUD requires the County of Riverside to execute new Joint Recipient Cooperation Agreements with participating cities to establish the Urban County for the next three (3) fiscal years.

Participating cities may elect to continue to participate or withdraw and administer their own standalone CDBG entitlement program. Continued participation in Riverside County’sUrban County Program provides the City with the benefits of direct entitlement while significantly reducing the administrative burden associated with CDBG administration and HUD reporting.

The proposed agreement authorizes the City’scontinued participation in the Riverside Urban County CDBG program for the next three fiscal years, FY 2027/28, 2028/29 and 2029/30.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

FISCAL IMPACT
There is no direct fiscal impact associated with approval of the Cooperation Agreement. The agreement continues the existing allocation of administrative funding, with 13% retained by the County of Riverside for program administration and seven percent (7%) allocated to the City for local administrative activities.

Future CDBG funding levels are determined annually by HUD and remain subject to federal appropriations.

Once the City's annual allocation is announced, future CDBG funding recommendations, appropriations, and project allocations will be presented to the City Council for consideration.

ATTACHMENTS
ATT 1 - Resolution No. 26-4964
ATT 2 - Joint Recipient Cooperation Agreement
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RESOLUTION NO. 26-4964

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA AUTHORIZING PARTICIPATION IN THE COUNTY OF
RIVERSIDE’S URBAN COUNTY PROGRAM FOR FEDERAL FISCAL YEARS 2027, 2028, AND 2029

WHEREAS, the County of Riverside has init iated the next Urban County qualification cycle for federal Fiscal Years 2027, 2028, and 2029 and has requested that participating jurisdictions adopt a resolution confirming participation in the Urban County Program and approve a Joint Metro Agreement; and

WHEREAS, the City of Murrieta has elected to participate as unit of local government (Cooperating City) in the County of Riverside’s (County) Urban County Program for Federal Fiscal Years 2027, 2028, and 2029; and

WHEREAS, the attached Joint Metro Ag reement will allow the County and City to carry-out activities which are funded by Community Development Block Grant (CDBG), Home Investment Partnerships Program (HOME) funds, and Emergency Solutions Grant (ESG); and WHEREAS, the Joint Metro Agreement will allow the Cooperating City to participate in the Urban County Consolidated Planning Programs.

NOW, THEREFORE , THE CITY COUNCIL OF THE CITY OF
MURRIETA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. The Joint Metro Agreement attached hereto a nd incorporated herein as Exhibit A between the County of Riverside and the City of Murrieta is hereby approved.

Section 2. The Mayor is authorized and direct ed to execute the Joint Metro Agreement on behalf of the City of Murrieta.

Section 3. The Ci ty Manager, or designee, is hereby authorized and directed to execute the Joint Metro Agreement and any related documents necessary to effectuate the City's participation in the County of Riverside Urban County Program for Fiscal Years 2027, 2028, and 2029.

PASSED AND ADOPTED this 18th day of August, 2026.

Jon Levell, Mayor
ATTEST:

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Cristal McDonald, City Clerk

APPROVED AS TO FORM:

Tiffany J. Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )
I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 2 6-4964 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 18th day of August, 2026, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Cristal McDonald, City Clerk

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JOINT AGREEMENT

FOR THE COMMUNITY DEVELOPMENT BLOCK GRANT
FOR FISCAL YEARS 2027, 2028, 2029

This Joint Agreement for the Community Development Block Grant for Fiscal Years 2027, 2028, and 2029, hereinafter referred to as “Agreement” is made and entered into this ___ ___ day of __________ 2026, by and between the COUNTY OF RIVERSIDE, a political subdivision of the State of California, herei nafter referred to as "COUNTY", and CITY OF MURRIETA, an incorporated municipality within the geographical boundaries of the COUNTY, hereinafter referred to as "CITY.” City and County individually referred to herein as “Party” and collectively as the “Parties.”

RECITALS
WHEREAS, the Housing and Community Development Act of 1974, as amended (42 U.S.C.A. § 5301 et seq.) (Public Law 93-383), hereinafter called "ACT", provides that Community Development Block Grant funds hereinafter referred to as "CDBG", may be used for the support of activities that provide decent housing , suitable living environments , and expanded economic opportunities principally for persons of low and moderate-income; WHEREAS, CDBG regulations require counties to re -qualify as an Urban County under the CDBG program every three years;
WHEREAS, the C ITY has attained Metropolitan City status under the “ACT” and has elected to accept its “Entitlement” status and participate in the COUNTY’s Urban County program as a joint recipient;
WHEREAS, the execution of this Agreement is necessary to include CITY as a Metropolitan City under COUNTY’s Urban County CDBG program; WHEREAS, the City Manager or Mayor of CITY is authorized to execute this Agreement on the CITY’s behalf; and
WHEREAS, the COUNTY Board of Supervisors on July 28, 2026 via Minute Order 3.28 authorized the COUNTY Director of Housing and Workforce Solutions, or designee, to execute this Agreement on behalf of the COUNTY.
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NOW THEREFORE, in consideration of the mutual covenants h erein set forth and the mutual benefits to be derived there from, the parties agree as follows:

1. GENERAL.
(a). This Agreement gives COUNTY authority to undertake , or assist in undertaking, activities for Fiscal Years 2027, 2028, and 2029, that will be funded from the CDBG Entitlement program and from any program income generated from the expenditure of such funds for the benefit of the CITY. COUNTY and CITY agree to cooperate, to undertake, or to assist in undertaking, essential community development and housing assistance activities . (b).

COUNTY is qualified as an "Urban County" under the ACT. CITY, by executing this Agreement, hereby gives notice of its election to participate in an Urban County Community Development Block Grant program, hereinafter referred to as "CDBG program" or “Urban County Program.”
(c). By executing this Agreement, CITY understands that it may not apply for grants from appropriations under the Small Cities or State CDBG Programs for fiscal years during the period in which it participates in the Urban County’s CDBG program. (d). By executing this Agreement, CITY understands, acknowledges, and agrees that it will receive no formula HOME fund allocation from the COUNTY’S Urban County Program. Pursuant to 24 CFR 92.101, the CITY may elect to form a HOME Investment Partnership Act (HOME) Consortium with the COUNTY in order to be considered for HOME funding through the COUNTY. CITY may apply for HOME funds from the State of California, if permitted by the State.
(e). By executing this Agreement, CITY understands , acknowledges, and agrees that it will receive no formula Emergency Solutions Grant (ESG) funds from the C OUNTY’S Urban County Program but may apply for ESG funds from the State of California, if permitted by the State.
(f). If the CITY qualifies to receive a separate allocation of HOME funds, it has three options: (1) it may form a HOME consortium with the Urban County, in which case it will be included as part of the Urban County when the HOME funds for the county are calculated; (2) 221

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it may elect to continue to receive its separate HOME grant but have the Urban County administer it; or (3) the Metropolitan City may administer its HOME program on its own. Similarly, the agreement must state how the Metropolitan City will treat ESG funding.

2. TERM.

The term of this Agreement shall be for three (3) years commencing on October 1, 2026, and expiring on September 30, 2029, unless an earlier date of termination is fixed by U.S.

Department of Housing and Urban Development, hereinafter called HUD, pursuant to ACT. This Agreement shall remain in effect until funds granted and program income received during the three-year program period are expended and the funded activities completed. Neither the COUNTY nor the CITY may terminate, withdraw, or be removed from the program during the three-year program period.

Notwithstanding the above, the Parties agree that each Party shall adopt amendments to the Agreement incorporating changes necessary to meet the requirement fo r cooperation agreements set forth in an Urban County Qualification Notice that is applicable for any subsequent three-year urban qualification period and shall submit such amendment (s) for review and approval to HUD prior to adoption, as required in the Urban County Qualification Notice, CPD-26-08, as amended.

The Parties agree that failure to comply shall void the renewal for such qualification periods.

The Parties agree to adopt amendment(s) to this Agreement as may be required by HUD to meet any new Urban County Qualification requirement(s), when applicable. Failure by either Party to adopt any such amendment, and to submit such amendment to HUD, will void the agreement for such qualification period.

3. PREPARATION OF FEDERALLY REQUIRED FUNDING
APPLICATIONS.

The County of Riverside Housing and Workforce Solutions, subject to approval of COUNTY’s Board of Supervisors, shall be responsible for preparing and submitting to the U.S.

Department of Housing and Urban Development ( HUD), in a timely manner , a ll reports and statements required by the ACT and the Federal regulations promulgated by HUD to secure entitlement grant funding under the CDBG , HOME, and ESG programs. This duty shall include 222

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the preparation and processing of COUNTY Housing, Community , and Economic Development Needs Identification Report, Citizen Participation Plan, the County Five-Year Consolidated Plan, One-Year Action Plan, Consolidated Annual Performance and Evaluation Report (CAPER), and other related programs which satisfy the application requirements of ACT and its regulations.

4. COMPLIANCE WITH FEDERAL STATUTES, REGULATIONS AND
OTHER APPLICABLE STATUTES, REGULATIONS AND ORDINANCES.
(a) COUNTY and CITY will comply with the applicable provisions of the ACT and those Federal regulations promulgated by HUD pursuant thereto, as the same currently exists or may hereafter be amended.
(b) The COUNTY and CITY are hereby obligated to take al l actions necessary to assure compliance with COUNTY’s certification regarding affirmatively furthering fair housing pursuant to Section 104 (b) of Title I of ACT, as amended. (c) COUNTY and CITY will comply with the applicable provisions of the following: National Environmental Policy Act of 1969; Title VI of the Civil Rights Act of 1964 and the implementing regulations at 24 CFR Part 1; The Fair Housing Act, Title VIII of the Civil Rights Act of 1968, the implementing regulations at 24 CFR Part 100, and the duty to affirmatively further fair housing (AFFH) ; Title 24 Code of Federal Regulations part 570; Cranston -Gonzales National Affordable housing Act (Public Law 101 -625); Executive Order 11063, as amended by Executive Order 12259; Executive Ord er 11988; the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (42 U.S.C.§4630, et. seq.); Section 109 of Title I of the ACT and implementing regulations at 24 CFR part 6, including Section 504 of the Rehabilitation Act of 1973 and the implementing regulations at 24 CFR Part 8 , Title II of the Americans with Disabilities Act and the implementing regulations at 28 CFR part 35, the Age Discrimination Act of 1975 and the implementing regulations at 24 CFR part 146, Section 3 of the Civil Rights Act of 1963, as amended, Section 3 of the Housing and Urban Development Act of 1968 , the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 and the implementing regulations at 49 CFR Part 24, and Section 104(d) of the Act and implementing regulations at 24 CFR Part 42; and other Federal or state statute or regulation applicable to the use of CDBG, HOME 223

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Investment Partnerships Act (enacted as Title II of the National Affordable Housing Act of 1990), and Emergency Solutions Grant funds.
(d) CITY agrees that the Urban County Program funding for activities in, or in support of, the CITY are prohibited if CITY does not affirmatively further fair housing within CITY’S jurisdiction or impedes COUNTY actions to comply with its fair housing certification. (e) CITY and COUNTY shall meet the citizen participation requirements of 24 CFR 570.301 and provide Urban County Program citizens with all of the following:
i. The estimate of the amount of CDBG funds proposed to be used for activities that will benefit persons of low and moderate-income; ii. A plan for minimizing displacement of persons as a result of activities assisted with CDBG funds and to assist persons actually displaced as a result of such activities;
iii. A plan that provides for and encourages citizen participation, with particular emphasis on participation by persons of low and moderate -incomes, residents of slum and blighted areas , and of areas in which funds are proposed to be used, and provide s for participation of residents in low and moderate-income neighborhoods; iv. Reasonable and timely access to local meetings, information , and records relating to the grantee’s proposed use of funds, as required by the regulations of the Secretary, and relating to the actual use of funds under the ACT; v. Provide for public meetings to obtain citizen views and to respond to proposals and questions at all stages of the community development program, including at least the development of needs, the review of proposed activities and review of program performance.

Meeting shall be held after adequate notice, at times and locations convenient to potential or actual beneficiaries, and with accommodation for the disabled. (f). CITY shall develop a community development plan, for the period of this Agreement, which identifies community development and housing needs and specifies both short and long-term community development objectives.
(g). CITY certifies, to the best of its knowledge and belief, that:
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i. No Federal appropriated funds have been paid or will be paid, by or on behalf of the CITY, to any person influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or emplo yee of Congress, or an employee of a Member of Congress, in connection with the awarding of any Federal contract, the making of any Federal grant, the making of any Federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment or modification of any Federal contract, grant, loan or cooperative agreement.
ii. If any funds other than Federally-appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an off icer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress , in connection with this Federal contract, grant, loan, or cooperative agreement, the undersigned shall complete and submit sta ndard Form-LLL, "Disclosure Form to Report Lobbying", in accordance with its instructions.
iii. The CITY shall require that the language provided in Section 4( c) of this Agreement be included in the award documents for all sub -awards at all tiers (inclu ding subcontracts, sub- grants and contracts under grants, loans, and cooperative agreements) and that all sub-recipients shall certify and disclose accordingly. This certification is a material representation of fact upon which reliance was placed when this transaction was made or entered into.
(iv). In accordance with Section 519 of Public Law 101-144, (the 1990 HUD Ap propriations Act), the CITY certifies that it has adopted and is enforcing a policy prohibiting the use of excessive force by law enforcement agencies within its jurisdiction against any individuals engaged in non-violent civil rights demonstrations, and t hat it has adopted and is enforcing applicable State and local laws against physically barring entrance to , or exit from , a facility or location which is the subject of such non -violent civil rights demonstrations within its jurisdiction.

5. COMPLIANCE WITH POLICY AND PROGRAM OBJECTIVES.
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The COUNTY’s Board of Supervisors have adopted policies and procedures to ensure efficient and effective administration of the CDBG program. COUNTY will provide these policies and procedures to CITY within a reasonable time after this Agreement’s commencement date. COUNTY and City agree to comply with these said policies and program objectives and to take no actions to obstruct implementation of the approved 2024-2029 Five Year Consolidated Plan and the subsequent Five Year Consolidated Plan.

6. OTHER AGREEMENTS.

Pursuant to Federal regulations at 24 CFR 570.501(b), CITY is subject to the same requirements applicable to sub-recipients, including the requirement of a written agreement set forth in F ederal regulations at 24 CFR 570.503. For each fiscal year during the term of this Agreement, COUNTY and CITY shall enter into an additional agreement, commonly known as a Metropolitan City Supplemental Agreement, that will have a term coinciding with a CDBG Program Year and enumerate the project(s) CITY will implement with its entitlement funds. Said Supplemental Agreement will set forth the time schedule for completion of said project(s) and any funding sources, in addition to entitlement funds, that will be used in completing the project(s). If substantial compliance with the completion schedule, due to unforeseen or uncontrollable circumstances, cannot be met by CITY, the schedule for the project(s) may be extended by COUNTY. If COUNY determines that substantial progress toward drawdown of funds is not made during the term of the Supplemental Agreement, the entitlement funds associated with the project(s) may be reprogrammed by COUNTY , to other activities as determined by COUNTY, after COUNTY provides appropriate written notice to CITY. COUNTY's decision not to extend the completion schedule associated with the project(s) , or to reprogram the entitlement funds associated with the project(s), will not excuse CITY from complying with terms of this Agreement.

7. DETERMINATION OF PROJECTS TO BE FUNDED AND
DISTRIBUTION OF ENTITLEMENT FUNDS.

CITY agrees to submit to COUNTY in writing, no later than the date specified by COUNTY prior to each program year, the activities that the CITY desires to implement with its entitlement funds, said designation to comply with statutory and regulatory provisions governing 226

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citizen's participation. Said designation is to be reviewed by the COUNTY's Housing and Workforce Solutions to determine that the project s are eligible under Federal regulations for funding and inclusion in the One Year Action Plan of the County’s Five-Year Consolidated Plan and consistent with both Federal and COUNTY policy governing use of Community Development Block Grant (CDBG) funds.

In the event that CITY fails to submit to COUNTY the identified activities that the CITY desires to implement with its entitlement funds by the date specified prior to each program year, the COUNTY may determine the activities to be funded, without consent of the CITY, consistent with both Federal and COUNTY policy governing use of Community Development Block Grant (CDBG) funds.

Consistent with Sections 3, 4, 5, 6, and 7 of this Agreement, COUNTY's Board of Supervisors will make the final determination of the distribution and disposition of all CDBG funds received by COUNTY pursuant to the Act.

8. COMMUNITY DEVELOPMENT BLOCK GRANT MANUAL.

CITY warrants that those officers, employees , and agents , retained by it and responsible for implementing projects funded with CDBG have received, reviewed , and will follow the Community Development Block Grant Manual that has been prepared and amended by COUNTY, which Manual is incorporated herein and made a part hereof by this reference.

9. REAL PROPERTY ACQUIRED OR PUBLIC FACILITY
CONSTRUCTED WITH CDBG FUNDS.

When CDBG funds are used, in whole or in part, by CITY to acquire real property or to construct a public facility, CITY shall comply with the National Environmental Policy Act of 1969 (42 U.S.C. § 4321, et seq.), the California Environmental Quality Act (Cal. Pub. Resources Code § 21000, et seq.), the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (42 U.S.C. § 4630, et seq.), and California Government Code Sections 7260 et seq., as those laws may be amended from time -to-time and any Federal or state regulations issued to implement the aforementioned laws.

In addition, the following is to occur:
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(a) Title to the real property shall vest in CITY;
(b) The real property title will be hel d by or the constructed facility will be maintained by the CITY for the approved use until five years after the date that the CITY is no longer considered by HUD to be a part of the metropolitan city or urban county, pursuant to 24 CFR 570.501(b).
(c) While held by CITY, the real property or the constructed facility is to be used exclusively for the purpose for which acquisition or construction was originally approved by COUNTY;
(d) CITY shall provide timely written notice to COUNTY of any action which would result in a modification or change in the use of the real property purchased or improved, in whole or in part , with CDBG or HOME funds from that planned at the time of acquisition or improvement, including disposition.
(e) CITY shall provide timely written notice to citizens and opportunity to comment on any proposed modification or change;
(f) Written approval from COUNTY must be secured if the property or the facility is to be put to an alternate use that is or is not consistent with Federal regulations governing CDBG funds;
(g) Should CITY desire during the five (5) year period to use the real property or the constructed facility for a purpose not consistent with applicable Federal regulations governing CDBG funds or to sell the real property or facility, then:
(i) If CITY desires to retain title, it will have to reimburse either COUNTY or the Federal government an amount that represents the percentage of current fair market value that is identical to the percentage that CDBG funds initially comprised when the property was acquired or the facility was constructed;
(ii) If CITY sells the property or facility, or is required to sell the property or facil ity, CITY is to reimburse the COUNTY an amount that represents the percentage of proceeds realized by the sale that is identical to the percentage that CDBG funds comprised of the monies paid to initially acquire the property or construct the facility. This percentage amount will 228

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be calculated after deducting all actual and reasonable cost of sale from the sale proceeds.

10. DISPOSITION OF INCOME GENERATED BY THE EXPENDITURE
OF CDBG FUNDS.

CITY shall inform COUNTY in writing of any income generated by the expenditure of CDBG funds received by CITY from COUNTY. CITY may retain program income so generated and said income may only be used for eligible activities , as determined by the COUNTY, in accordance with all CDBG requirements, including all requirements for citizen participation.

The COUNTY shall, as required by HUD, monitor and report the receipt and use of all program income. CITY is required to track, monitor, and report any and all program income to COUNTY.

11. TERMINATION.

Except as provided for in Section 2, CITY and COUNTY cannot terminate or withdraw from this Agreement while it remains in effect.

12. NOTICES.

All correspondence and notices required or contemplated by this Agreement shall be delivered to the respective parties at the addresses set forth below and are deemed submitted two days after their deposit in the United States mail, postage prepaid:

COUNTY OF RIVERSIDE CITY OF
Heidi Marshall, Director Justin Clifton, City Manager County of Riverside HWS City of Murrieta
3403 Tenth Street, Suite 300 1 Town Square
Riverside, CA 92501 Murrieta, CA 92562

13. AGREEMENT ADMINISTRATION.
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The City Manager of the CITY , and the Director of Housing and Workforce Solutions of the COUNTY, or their designee, shall administer the terms and conditions of this Agreement for their respective city or county.

14. COOPERATION; FURTHER ACT.

The PARTIES shall cooperate fully with one another, and shall take any additional acts or sign any additional documents as may be necessary, appropriate or convenient to attain the purpose of the Agreement.

15. NO THIRD-PARTY BENEFICIARIES.

This Agreement is made and entered into for the sole protection and benefit of the PARTIES hereto and shall not create any rights in any third parties. No other person or entity shall have any right or action based upon the provisions of the Agreement.

16. SECTION HEADINGS.

The Section headings herein are for the convenience of the PARTIES only and shall not be deemed to govern, limit, modify or in any manner affect the scope, meaning or intent of the provisions or language of this Agreement.

17. FORMER AGREEMENTS UTILIZING COMMUNITY
DEVELOPMENT BLOCK GRANT FUNDS BETWEEN COUNTY AND CITY.

All agreements between CITY and COUNTY regarding the use of CDBG funds for fiscal years 1975-76 through fiscal years 2027-29, and any Supplemental Agreements thereunder, shall remain in full force and effect. If the language of this Agreement is in conflict or inconsistent with the terms of any prior said agreements between CITY and COUNTY, the language of this Agreement will be controlling.

18. INDEMNIFICATION
CITY agrees to indemnify, defend, and hold harmless COUNTY and its authorized officers, employees, agents , and volunteers from an y and all claims, actions, losses, damages, and/or liability arising from CITY acts, errors or omissions and for any costs or expenses incurred by COUNTY on account of any claim therefore, except where such indemnifications is prohibited by law. CITY shal l promptly notify COUNTY in writing of the occurrence of any such claims, 230

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actions, losses, damages, and/or liability.

CITY shall indemnify and hold harmless COUNTY against any liability, claims, losses, demands, and actions incurred by COUNTY as a result of the determination by HUD or its successor that activities undertaken by CITY under the program(s) fail to comply with any laws, regulations, or policies applicable thereto or that any funds billed by and disbursed to CITY under this Agreement were improperly expended.

19. COMPLIANCE WITH LAWS AND REGULATIONS.

By executing this Agreement, the Parties hereby certify that they will adhere to and comply with all Federal, state and local laws, regulations and ordinances.

20. ENTIRE AGREEMENT.

It is expressly agreed that this Agreement embodies the entire agreement of the Parties in relation to the subject matter hereof, and that no other agreement or understanding, verbal or otherwise, relative to this subject matter, exists between the Parties at the time of execution.

21. SEVERABILITY.

Each paragraph and provision of this Agreement is severable from each other provision and in the event any provision in this Agreement is held by a court of competent jurisdiction to be invalid, void, or u nenforceable, the remaining provision will never the less continue in full force without being impaired or invalidated in any way.

22. ASSIGNMENT.

CITY shall not make any sale, assignment, conveyance or lease of any trust or power, or transfer in any other form with respect to this Agreement , or delegate or assign any interest in this Agreement without prior written approval of the County.

23. INTERPRETATION AND GOVERNING LAW.

This Agreement and any dispute arising hereunder shall be governed by and interpreted in accordance with the laws of the State of California. This Agreement shall be construed as a whole according to its fair language and common meaning to achieve the objectives and purposes of the Parties hereto, and the rule of construction to the effect that ambiguities are 231

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to be resolved against the drafting Party shall not be employed in interpreting this Agreement, all Parties having been represented by counsel in the negotiation and preparation hereof.

24. WAIVER.

Failure by a Party to insist upon the strict performance of any of the provisions of this Agreement by the other Party, or the failure by a Party to exercise its rights upon the default of the other Party, shall not constitute a waiver of such P arty’s right to insist and demand strict compliance by the other Party with the terms of this Agreement thereafter.

25. JURISDICTION AND VENUE.

Any action at law or in equity arising under this Agreement or brought by a Party hereto for the purpose of enforcing, construing or determining the validity of any provision of this Agreement shall be filed in the Superior Court of California, County of Riverside, State of California, and the Parties hereto waive all provisions of law providing for the filing, removal or change of venue to any other court or jurisdiction.

26. AMENDMENTS
No change, amendment, or modification to the Agreement shall be valid or binding upon CITY or COUNTY unless such change, amendment, or modification is in writing and duly executed. CITY and COUNTY agree to adopt any necessary amendments to this Agreement to incorporate changes required by HUD as set forth in the Urban County Qualification Notice .

Amendments must be submitted to HUD as provided in the Urban County Qualification Notice and failure to do so will void the renewal for such qualification period.

27. SPECIAL PROV ISIONS FOR METROPOLITAIN CITY/URBAN
COUNTY JOINT RECIPIENT.
(a) The CITY is part of the Urban County Program for purposes of planning and implementation for the entire period of the Urban County Qualification for program years 2027-28, 2028-29, 2029-30 under the CDBG program.
(b) HUD will consider the CITY as a unit of general local government that is part of the COUNTY’s Urban County program.
(c) HUD shall determine the annual amount of CDBG allocation to which the 232

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CITY is entitled, and the COUNTY will be the grant recipient. (d) The CITY’s allocation will be that portion of the total annual allocation as specified by written notice from HUD, less thirteen (13%) to be retained by the COUNTY for administration of the Urban County CDBG program.
(e) In the event that the COUNTY receives supplemental CDBG funding from HUD, pursuant to a national emergency, disaster, or economic recovery, the CITY will receive its allocation of said supplemental CDBG funding if HUD has determined the CITY’s portion of the COUNTY’s allocation. The CITY’s supplemental CDBG allocation will be subject to the retention of administrative funding found in Paragraph (d) of this Section and subject to applicable provisions of Sections 3, 4, 5, 6, and 7 of this Agreement. (f) All other terms and conditions applicable to an Urban County participating city shall apply to the CITY.

28. PROHIBITION OF CDBG FUND TRANSFER
Parties to this Agreement understand and agree that they may not sell, trade, or otherwise transfer all or any portion of CDBG funds to a Metropolitan City, Urban County, unit of general local government, or insular area that directly or indirectly receives CDBG funds in exchange for any funds, credits, or non -Federal considerations, but must use such funds for activities eligible under Title I of the Housing and Community Development Act of 1974, as amended

29. AUTHORITY TO EXECUTE.

The persons executing this Agreement or exhibits attached hereto on behalf of the Parties to this Agreement hereby warrant and represent that they have the authority to execute this Agreement and warrant and represent that they have the authority to bind the respective Parties to this Agreement to the performance of its obligations hereunder.

30. INCORPORATION OF RECITALS.

The Parties hereby affirm the facts set forth in the recitals above. Said recitals are incorporated herein and made an operative part of this Agreement.

31. COUNTERPARTS
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This Agreement may be executed in multipl e counterparts, each of which shall be deemed an original, but all of which, together, shall constitute one and the same instrument.

[SIGNATURE ON FOLLOWING PAGE]

234

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IN WITNESS WHEREOF, the COUNTY and CITY have executed this Agreement on the date shown below.

Date: _______________________

COUNTY OF RIVERSIDE, CITY OF MURRIETA,
a political subdivision of the a California general law city State of California

BY: ____________________________ BY: _________________________ Heidi Marshall, Director Mayor/City Manager
Housing and Workforce Solutions

APPROVED AS TO FORM: ATTEST:

Minh C. Tran
County Counsel

BY: ________________________
By: __________________________________ City Clerk Braden Holly
Deputy County Counsel

APPROVED AS TO FORM:

BY: __________________________
City Attorney

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COUNTY COUNSEL CERTIFICATION

The Office of County Counsel of the County of Riverside hereby certifies that the terms and provisions of this Agreement are fully authorized under state and local law and that the Agreement provides full legal authority for the COUNTY to un dertake, or assist in undertaking, essential community development and housing assistance activities specifically urban renewal and publicly assisted housing.

Minh C. Tran, County Counsel

By: ____
Braden Holly, Deputy County Counsel
236

CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 10.

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

Authorization of Funding for Higher Education Legislative Advocacy Trip to Washington, DC

ABSTRACT
As part of her role as Chair of the Southwest Riverside Higher Education Coalition and the City Council Higher Education Subcommittee, Council Member DeForest is requesting use of funding for a higher education legislative advocacy trip to Washington, DC.

RECOMMENDATION
Authorize use of City Council Education & Training funds to cover the cost of a higher education legislative advocacy trip to Washington, DC.

PRIOR ACTION/VOTE
None.

STRATEGIC ALIGNMENT
This request aligns with the City Council's goal to aggressively pursue economic development.

DISCUSSION
At the April 7, 2026, City Council meeting, the City Council established a Higher Education Ad-Hoc Committee and appointed Council Member Lisa DeForest to the committee, with Council Member Cindy Warren as an alternate. In this capacity, Council Member DeForest leads the Southwest Riverside Higher Education Coalition, which includes dozens of stakeholders representing other cities, the County of Riverside, local State legislative representatives, water districts, health care providers, Chambers of Commerce, industry groups, K- 12 public school districts, and more. Using a diverse array of voices, the Coalition’srole is to advocate for the expansion of higher education in Southwest Riverside County, both to benefit local students seeking to pursue advanced degrees and to support regional economic development.

Mt. San Jacinto College (MSJC) is planning an advocacy trip to Washington, DC, September 14-17, 2026, to CITY OF MURRIETA Printed on 8/13/2026Page 1 of 2
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Agenda Item No. 10.

Mt. San Jacinto College (MSJC) is planning an advocacy trip to Washington, DC, September 14-17, 2026, to advocate to Congressional representatives and federal agencies for funding toward the planned University Center at the MSJC Temecula Valley Campus. The vision for the University Center is to build out the already- constructed, vacant second tower of the former Abbott Laboratories at the MSJC Temecula Valley Campus to host a portfolio of higher education institutions that locally offer four-year degree programs in that space.

Funds are needed to cover tenant improvement costs to move the project forward.

Council Member DeForest is requesting to use funds to cover the full trip cost (e.g., airfare, hotel, transportation and per diem). Sufficient funds are available in the City Council Training & Development budget to cover these costs. The total estimated cost for the trip is approximately $3,000.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

FISCAL IMPACT
Sufficient funds are available in account 1101000-64360 to cover the costs associated with this trip.

ATTACHMENTS
None.

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CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 11.

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

Receive and File Status Update on Implementation of City Council Priorities Since February 26, 2026

ABSTRACT
At the February 26, 2026, City Council Workshop, the City Council reviewed and affirmed the City's tiered priority framework to guide organizational planning, resource allocation, and implementation of key City initiatives. Since that workshop, staff has continued advancing projects across all three (3) priority tiers. This report memorializes the prioritization established at the February 2026 Workshop, identifies projects completed since that date, and is presented for the City Council to receive and file.

RECOMMENDATION
Receive and file this report memorializing the prioritization established at the City Council Workshop held on February 26, 2026, and highlighting projects that have been completed since that date.

PRIOR ACTION/VOTE
On February 26, 2026, the City Council held a workshop to review the City's priority projects using the established tiered prioritization framework and affirmed the prioritization of City Council priorities (Non-action item).

On February 10, 2025, the City Council held a workshop to review the City’s top priorities through a tiered system (Non-action item).

On July 31, 2024, the City Council held a workshop to establish a tiered list of the City’s projects based on factors such as priority and funding availability (Non-action item).

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Agenda Item No. 11.

DISCUSSION
On February 26, 2026, the City Council conducted a workshop to review the City's priority projects using the established three-tiered prioritization framework. During the workshop, the City Council reviewed the status of Tier 1, Tier 2, and Tier 3 projects; evaluated completed initiatives; reviewed Capital Improvement Plan (CIP) projects organized by priority; and discussed future priorities to guide organizational planning and resource allocation for Fiscal Year 2026/27.

The City's priority-setting process serves as a strategic planning tool that aligns staff resources with City Council goals while providing transparency regarding the City's most significant initiatives. The tiered framework continues to guide implementation as follows:
· Tier 1 - Projects that are fully programmed with established strategies, work plans, and dedicated resources.
· Tier 2 - Projects that are partially programmed and require additional planning, resource allocation, or funding before implementation.
· Tier 3 - Projects identified by the City Council as important but requiring further planning, prioritization, or resource commitments before programming.

Since the February 26 workshop, staff has continued implementing City Council priorities across all three (3) tiers while balancing available staffing, funding, and operational responsibilities. Progress has continued on major capital projects, strategic initiatives, organizational improvements, and community-focused programs identified through the City's priority-setting process.

Attachment 1, entitled “CityCouncil Priorities Tiers 1, 2, and 3 Organized by City Council Goals,”reflects the project prioritization established by the City Council at the Workshop on February 26, 2026, and identifies projects completed since February 2026. Attachment 2, entitled “CapitalImprovement Plan Priority Projects,” reflects the capital project prioritization as of the June 23, 2026, CIP Budget Workshop. Attachment 2 also organizes the capital projects by department. Work on the projects shaded in green is actively underway.

This report is intended to keep the City Council and the public informed regarding implementation of the City's priorities. Staff will continue to provide periodic updates as projects advance and will return to the City Council during future priority-setting workshops to review completed initiatives, evaluate organizational capacity, and consider adjustments to the City's priority framework as appropriate.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

FISCAL IMPACT
There is no direct fiscal impact associated with receiving and filing this report. Fiscal impacts related to individual City Council priority projects will continue to be presented to the City Council through the annual budget process, Capital Improvement Plan, and/or separate City Council actions, as applicable.

ATTACHMENTS
ATT 1 - City Council Priorities Tiers 1, 2, and 3 Organized by City Council Goals ATT 2 - Capital Improvement Plan Priority Projects
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Legend New / added in Feb 2026 Moved to Higher Tier Complete Prior to Feb 2026 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, Effective 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 - Project Substantially Complete Since Feb 2026 Keller Road Interchange Los Alamos Soccer Complex Sidewalk Vendor Policy
(Moved from Tier 3 – Feb 2025) -
Complete Prior to Feb 2026
Fire Station 1 Concrete Replacement -
Project Substantially Complete Since Feb 2026 Surplus Lands Act Municipal Services Yard Modular Offices Murrieta Hot Springs Road Widening Library Expansion Town Hall Meeting/Comm. Summit Re: Changes
in Ca. Housing Law
- (Moved from Tier 3 – Feb 2025)
- Complete Prior to Feb 2026
Public Safety CFD Keyhole Overlay Zone
(Moved from Tier 3 – Feb 2025) Replace Kitchen at Community Center ADA Improvements Pickleball Courts - Project Complete Since Feb 2026 Ad Hoc Subcommittee for a 2028 Ballot Measure (New in Feb 2026)
Remodel Fire Stations 1,2 & 3 (Moved from Tier 2 –
Feb 2025)
Tour de Murrieta
(Moved from Tier 3 – Feb 2025) (Moved from Tier
2 - Feb 2026)
Development Approval Process Deep Dive (Moved
from Tier 3 – Feb 2025) Murrieta Hot Springs/Alta Murrieta Intersection Equestrian Facility – Eval of Options TIER 2 TIER 2 General Housing and Commercial Design
Standards (New in Feb 2026) TIER 2 Various Storm Drain Trash Interceptors Tot-lot Replacement - Complete Prior to Feb 2026 Create a Public Art Program (Moved from Tier 3 – Feb 2026)
Public Safety Training Facility TIER 2 6th Code Update - Complete Prior to Feb 2026 Hillside Ordinance Glen Arbor Park - Complete Prior to Feb 2026 TIER 3 Fire Station 5 Permanent Structure Madison Specific Plan City Hall Roof Replacement – Complete Prior to Feb 2026 General Plan Cleanup Cal Oaks Sports Park Pool (Moved from Tier 2 - Feb 2026) Support Community Events/New Holiday Events PD Building Improvements -
Complete Prior to Feb 2026 TIER 3 TIER 3 Whitewood Widening-Hunter to Clinton Keith Rd Develop BMX Pump Track (as part of West side parkland acquisition) (Moved from Tier 3 – Feb 2026) Greater Activation of Amphitheater TIER 3 Downtown Parking Structure Civic Center Development Traffic Pilot Program TIER 2 Revamp PEG Channel Expand PD Facility Vacant Land Planning City Hall HVAC Replacement - Complete Prior to Feb 2026
Line F Drainage Improvements (Moved from Tier 2 – Feb
2025)
Vintage Reserve Restroom
(Moved from Tier 3 – Feb 2025) Hawk Ranch – Complete Prior to Feb 2026 Line G Drainage Improvements (Moved from Tier 2 – Feb
2025) TIER 3 Champions for Murrieta -
Complete Prior to Feb 2026
Line D Box Culvert Extension
(Moved from Tier 2 – Feb 2025) Develop Pioneer Park
Warm Springs Parkway CIP (Moved from Tier 2 – Feb
2026) Murrieta Creek Regional Trail
Amphitheater Parking Lot - Complete Prior to Feb 2026 Regular Community Cleanup Events TIER 2 Alderwood Park Splash Pad
Open Channel Drainage Maintenance Permit Roadside Memorial Policy Jefferson St. and Magnolia St. Traffic Signal Murrieta Youth Center Phase 2 Murrieta Creek Drainage Improvements Mill Beautification Various Traffic Signal Upgrades Equestrian Evacuation Guidelines - Complete Prior to Feb 2026 Storm Drain Master Plan
Water System Infrastructure Review
TIER 3
Citywide Drainage Improvement Projects Plan
Loan Program for Water/Sewer Connections -
Remove/Complete Prior to Feb 2026
City Council Priorities Tiers 1, 2, and 3 Organized by City Council Goals – Based on Current Prioritization City Council Update - February 26, 2026 242

ASD CSD CMO ECON DEV ENGINEERING FINANCE FIRE LIBRARY MSD POLICE TIER 1 TIER 1 TIER 1 TIER 1 TIER 1 - ANNUAL TIER 1 TIER 1 TIER 1 TIER 1 TIER 1 ADA Transition Plan
Projects* Citywide Pickleball Courts*
LAHSP Soccer Complex
(Long-term Plan with Soccer
League)*
Murrieta Innovation Center
Improvements-Substantial
Completion
Citywide Pavement
Resurfacing-Asphalt Overlay
Ongoing Central Square
Refinement
Fire Station 1 Sewer-
Concrete*
Library Flooring-Sound
Proofing*
Citywide Beautification
(Parks & Landscape)*
Mobile Command Center-
Completed
TIER 2 Community Center Kitchen
Renovation*
Equestrian Facility - Facility
Condition Eval* TIER 2 Citywide Slurry Seal
Program TIER 2
Fire Station 6 - Planning
Project*
Children's Library
Expansion* Ped Safety Enh FY 24/25*Police Department Building Expansion - Phase 1*
None Alderwood Community
Center Security System*
Equestrian Facility -
Eval of Alternative
Operational Models
None FY 23/24 Pedestrian Safety
Enhancement - CompletedCitywide ERP System Fire Station 1 Remodeling Project*
Library-Fire Alarm System
Replacement*
FY 24/25 Street Name Sign
Replacement* TIER 2
TIER 3 Cal Oaks Sports Park
Revitalization* TIER 2 TIER 3 FY 24/25 Pedestrian Safety Enhancement TIER 3
City Hall & Fire Station 1
Generator Project-Substantial
Completion*
Library-Public Address
System*
FY 25/26 Sidewalk
Replacement* None
None TIER 2 None Downtown Parking Structure FY 25/26 Pedestrian Safety Enhancement None Fire EOC Equipment
Library Rain Drainage
Mitigation* MSD Yard Facility
Master Plan/Expansion* TIER 3
Los Alamos Hills
Sports Park Phase 1*
(Near Term Improvements)
TIER 3 Citywide Pavement Mgmt
Program Tiller Truck-NEW TIER 2 FY26/27 Citywide
Slurry Seal*
Police Department
Building Expansion - Phase
2*
Cal Oaks Sports Park
Pool Replacement*
Civic Center Development -
City Hall Expansion*
Citywide Neighborhood
Traffic Mgt. Program Type 1-ReplacementLibrary Community Room Technology*
City Hall First Floor
Improvements*
Vintage Reserve
Restroom Project* Freeway Overpass Signage Citywide Signal Modification Fire Station 2
Remodeling Project* TIER 3
LAHSP and Torrey Pines
Synthetic Turf
Replacement*
TIER 3 Citywide Traffic Signal
Optimization
Fire Station 3
Remodeling Project* None TIER 2
Cal Oaks Sports Park
Skate Park Fencing*
Citywide Priority Traffic
Signal TIER 2 None
Mapleton Park
Shade Covers* TIER 1 - MULTI YEAR Murrieta Regional Public Safety Training Facility* TIER 3
Alderwood Park
Splash Pad*
MHSR Widening: Margarita-
Date
Fire Station 5
Permanent Structure*
FY 25/26 Hist. Downtown
Traffic Signals/Street Lights*
Veteran's Memorial* Madison: MHSR - Elm St TIER 3 Traffic Center* Pioneer Park
Phase Two* I-215 @ Keller Road Fire Station 2
Concrete Replacement*
Town Square Signage* Hayes Ave Bridge @
Miller Cyn
Develop BMX Pump Track* MHSR/Alta Murrieta Dr
Intersection
Murrieta Creek
Regional Trail*
Menifee Road Improvements-
Clinton Keith
In-Pavement LED Lighted
Crosswalks
Trafifc Signal Adaptive
Timing Program
CIP PROJECTS PRIORITIZATION AS OF 06-23-2026
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ASD CSD CMO ECON DEV ENGINEERING FINANCE FIRE LIBRARY MSD POLICE CIP PROJECTS PRIORITIZATION AS OF 06-23-2026
Line F Channel
Jefferson St. at Magnolia St.

Traffic Signal
Storm Drain Master Plan
Storm Drain Trash
Interceptors
Line D Box Culvert Ext. at
MHS
Jefferson Widen @
Ballesteros
Whitewood:

Hunter-Clinton Keith
I-215 @ Clinton Keith
I-15 @ Cal Oaks Interchange
TIER 2
Open Channel Annual
Maintenance Program
Guava St Impr: Jefferson to
Date
Line D/D1: Madison to
Jefferson
Line E
Guava Bridge @ Murrieta
Creek
Jackson Ave Impr @ Warm
Springs Creek
Meadowlark (Whitewood)
Impr
Citywide Bridge Preservation
Warm Springs Parkway
TIER 3
Date St Impr
Murrieta Creek Design
Hancock Avenue @
Walsh Center
I-15 @ MHSR Modification
Whitewood Extension:

MHSR to Jackson
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ASD CSD CMO ECON DEV ENGINEERING FINANCE FIRE LIBRARY MSD POLICE CIP PROJECTS PRIORITIZATION AS OF 06-23-2026
Jackson Ave Median
Madison Ave Bridge @ Warm
Springs Creek
Vista Murrieta Road
PRIORITY COLOR CODE: Monroe Avenue

HIGH PRIORITY
Warm Springs Parkway -
Baxter to Keller Road (New)

MEDIUM PRIORITY
Line G Channel: Adams to
Murrieta Creek

LOW PRIORITY
*As of 6/23/26 CIP Budget Workshop
* = Led by Municipal Services Department
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CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 12.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: David Chantarangsu, AICP, Development Services Director PREPARED BY: Carl Stiehl, City Planner
SUBJECT:

Agreement between Murrieta Housing Authority and RSG, Inc. for Assistance with Various Housing Programs

ABSTRACT
This agenda report recommends approval of a new agreement between the Murrieta Housing Authority and RSG, Inc. (RSG) to perform various housing services, including compliance monitoring, annual reporting, homeownership program administration, and other as-needed support. These services will assist the Murrieta Housing Authority with expanding housing options, addressing the needs in the current Housing Element, and implementing the Revolving Loan Fund program.

RECOMMENDATION
Amend the Fiscal Year 2026/27 Operating Budget to establish an additional appropriation of $87,580 as detailed in the fiscal impact statement;
Approve the Agreement between Murrieta Housing Authority and RSG for affordable compliance monitoring, annual reporting, housing program administration, and on-call housing consulting services in an amount not-to -exceed $182,580 annually;
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; and Authorize the City Manager to execute the Agreement.

PRIOR ACTION/VOTE
On June 20, 2023, the City Council approved an Agreement between the Murrieta Housing Authority and RSG, Inc. for on-call housing services (Vote: 5-0).

CITY COUNCIL GOAL
This item aligns with the City Council goal to plan, program and create infrastructure development.

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DISCUSSION
The City of Murrieta (City) had a Redevelopment Agency that performed various housing activities until it was dissolved pursuant to state law - SB 341. In its place, the Murrieta Housing Authority (MHA) was formed. The MHA currently monitors hundreds of affordable units within the City, and with the completion of additional affordable units in the next year, the need for additional housing services is anticipated. The MHA has multiple responsibilities related to asset management and housing development, and the need for additional services arises that are impossible to predict in advance. The MHA requires annual on-going assistance with compliance monitoring, preparing reports to the State, managing the revolving loan fund program, and various other on-call housing services. The MHA has signed agreements with developers in recent years for projects that will add hundreds of affordable units to its oversight once built.

To maintain compliance with state and federal requirements, the MHA issued a public notice and a Request for Proposals (RFP) on May 29, 2026, soliciting proposals and statements of qualifications from highly qualified and experienced firms to provide general housing consultant services. The services to be provided to the MHA include assistance on various housing tasks with five (5) existing housing developments; up to five (5) additional agreements are anticipated. Monitoring activities include, but are not limited to, the following services:
· Annual reporting;
· Statutory payment calculations and other financial-related services; · Evaluation of economic and market feasibility studies of proposed development projects; · Preparation and/or review of financial and proforma analysis; · Real estate advisory and negotiation services;
· Implementation agreements and special services;
· Site assembly coordination;
· Relocation services;
· Affordable housing project services, including compliance strategy plans and monitoring deed restriction services;
· Income qualifications of affordable housing units;
· Preparing agenda materials, and
· Special project activities, and preparation of agenda materials and related reports for the hearing.

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Agenda Item No. 12.

The selected consultant, pursuant to the RFP, is expected to review the existing housing services currently provided in the scope of work to the Housing Authority under its existing service contracts. Emphasis in the RFP was placed on developing a clear, concise work program strategy for the MHA each year.

Responses to the RFP were due June 19, 2026. Before the end of the submittal due date, the City received one (1) proposal from RSG. The proposal was evaluated by City staff within the Planning Division of the Development Services Department using the following criteria:
· Demonstration of a clear project understanding/project approach to the scope of work; · Relevant local experience with a similar type of housing compliance and reporting, and housing authority or former redevelopment agency experience with adequate references in the southwest Riverside County area or Southern California in general; · The professional qualifications, technical ability, and capability of the team assigned to the project with relevant experience in California;
· The consultant’sability to dedicate available personnel resources within the update timeframe of the contract; and
· An overall subjective evaluation.

An evaluation of RSG’sproposal for consultant services indicates a clear understanding of the scope of work, relevant experience, qualifications, and availability of personnel. Therefore, staff determined RSG will meet the City’s needs for the desired work as outlined in the RFP. The RSG team has the requisite housing experience, having previously provided services to the City for many years. They are experienced working with the City on various general housing tasks, and their rates are competitive with the market as reviewed by staff.

The agreement with RSG covers a three-year term, covering August 2026 through August 2029, with the ability to extend for a one-year extension based on satisfactory performance of services. The proposed base cost and pricing for the services provided by RSG is $182,580, annually.

PUBLIC NOTICING
The agenda item has been noticed according to the Brown Act (72 hours in advance of the meeting at which the City Council considers the item).

CEQA AND REGULATORY OVERVIEW
This action is exempt from the California Environmental Quality Act (CEQA) pursuant to Sections 15060(b)(2) and 15060(b)(3) of the CEQA Guidelines because this action will not result in a physical change to the environment, directly or indirectly.

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Agenda Item No. 12.

FISCAL IMPACT
The fiscal impact associated with the approval of the agreement is $182,580 per fiscal year. The three-year contract fiscal impact is $547,740.

A budget of $95,000 is available in the Fiscal Year 2026/27. If the agreement is approved, the staff recommends amending the Fiscal Year 2026/27 Operating Budget to establish an additional appropriation of $87,580 using the Low Mod Income Housing Fund (322) Unassigned Fund Balance for as-needed services (GL 3220040-60480) listed in RSG, Inc.’s proposal.

ATTACHMENTS
ATT 1 - Agreement between the Murrieta Housing Authority and RSG, Inc.

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For City Clerk Use Only

Contract No._________

AGREEMENT FOR PROFESSIONAL SERVICES
WITH THE CITY OF MURRIETA (“CITY”)
Project Name/Description (“Project”): Murrieta Housing Authority Assistance by RSG, Inc.

Consultant Name (“Consultant”): RSG, Inc.

Consultant Business Type: Corporation
Consultant Address: 170 Eucalyptus Avenue, Suite 200 Vista, CA 92084 Consultant Representative Name and Title (“ Consultant Representative ”): Tara Broughton, Principal
Consultant Representative Work Phone and Email: (714) 316 -2111, [email protected]
Termination Date: August 31, 2029
Total Not-To-Exceed Contract Amount (“Contract Sum”): $547,740.00 City Department Contact (“Department Contact”): Carl Stiehl Department Contact Work Phone: (951) 461-6063
Department Contact Email: [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 Consultant to provide professional services as more further set forth herein.

The City circulated a Request for Quotes or Proposals for the above-described professional services.

Consultant submitted a proposal to City to provide the above -described professional services.

City Staff has reviewed all the proposals and after considering the demonstrated competence of Consultant, the professional qualifications of Consultant, and the fairness and reasonableness of Consultant’s proposed cost, staff has determined that an agreem ent to provide the required services should be awarded to Consultant.

Click or tap here to enter text.

251

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.

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 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.

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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 infrastructure, equipment, computer syste m 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 Contract Modifications. Additional terms and conditions of this Agreement, if any, or any modifications or revisions to the standard terms and conditions herein are made a part hereof as set forth in the “Contract Modifications” 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, 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 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 253

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 upon the date executed 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 notice to proceed from City and shall perform all services within the time period(s) established in Exhibit A.

3.3 Force Majeure. The time period(s) specified in Exhibit A 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 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 254

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 Department Contact, 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.

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 255

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 “D” and incorporated herein by this reference.

5.2 Indemnification.
(a) General Obligations. Except as set forth for Design Professionals below, 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, obligati ons, errors, omissions or liabilities (herein “Claims or Liabilities”) that may be asserted or claimed by any person, firm or City arising out of or in connection with the negligent performance of the work, operations or activities provided herein of Consultant, its officers, employees, agents, subcontractors, or invitees, or any individual or entity 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 Agreement, and in connection therewith:
1) Consultant will defen d 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, 256

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, bu t, 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, reckl essness or willful misconduct of the design professional. 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 invoices 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 obligated to pay for City’s defense until such time as a final judgment has been entered adjudicating City as solely negligent or responsible for willful misconduct. 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, and only if Consultant qualifies as a Design Professional , Consultant 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 Consultant and its employees 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 Consultant. The City agrees that in no event shall the cost to defend charged to the Consultant exceed Consultant’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 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 257

act, error 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 City, including the right to inspect, copy, audit and make records and transcripts. Such books and records shall be maintained for a period of three (3) years following completion of the services hereunder. City shall have access to such books and records in the event any audit is required. 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 California Public Records Act.

6.2 Ownership of Documents. All drawings, specifications, maps, designs, photographs, studies, surveys, data, notes, computer files, reports, records, documents and other materials (“ documents and materials ”) prepared by 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 shall 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 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 258

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 or 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 services 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, 259

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 damages), 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, cost s, 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 no 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 investigating such action, consultants’ fees, taking depositions and discovery and all other necessary costs the court allows which are incurred in such 261

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 262

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 award 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, 263

(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 “E” are hereby incorporated herein by this reference. If no federal funding is being utilized, Exhibit F may be omitted.

[SIGNATURES ON FOLLOWING PAGE]
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01375.0001 962082.4 -15-

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the date and year first-above written.

CITY OF MURRIETA ATTEST:

By:_____________________________ By:_____________________________ Justin Clifton, City Manager Cristal McDonald, City Clerk Date: ___________________________ Date: ___________________________

APPROVED AS TO FORM

ALESHIRE & WYNDER, LLP
By: ____________________________
Tiffany Israel, City Attorney

CONSULTANT:

By:_____________________________ By:_____________________________ Name: Tara Broughton Name: Click or tap here to enter text.

Title: Principal Title: Click or tap here to enter text.

Date: ___________________________ Date: ___________________________

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. 265

01375.0001 962082.4

EXHIBIT A

SCOPE OF SERVICES
I. Consultant will perform the following Services:

Compliance Monitoring, Annual Reporting, On -Call Housing Consultant Services, Revolving Loan Fund, and As-Needed Services as stated in the attached Proposal for Consulting Services to the City of Murrieta Housing Authoirty General Services, Scope of Work on pages 14-19 and Cost Proposal on page 23.

II. 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.

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714.541.4585 RSGSOLUTIONS.COM

PROPOSAL FOR CONSULTING SERVICES TO CITY OF MURRIETA MURRIETA HOUSING AUTHORITY GENERAL SERVICES 267

S A N D I E G O • L O S A N G E L E S • O A K L A N D 170 Eucalyptus Ave. Suite 200, Vista, CA 92084 | 714.541.4585. | rsgsolutions.com June 17, 2026 Valerie Mendoza, Management Analyst City of Murrieta, Development Services Department 1 Town Square Murrieta, CA 92562 PROPOSAL FOR CONSULTING – MURRIETA HOUSING AUTHORITY GENERAL SERVICES Dear Valerie: In response to the RFP dated May 29, 2026 (“RFP”), RSG, Inc. (“RSG”) is pleased to present this proposal to the City of Murrieta (“City”) and Murrieta Housing Authority (“Authority”) to provide general housing services. This proposal presents our approach and qualiﬁcations to undertake the scope based on review of the RFP . We understand the Authority is seeking a consultant to perform various general housing tasks such as compliance monitoring, annual reporting, homeownership program administration, resyndication review, and other as-needed services to support the Housing Authority. Through our long-standing relationship with the City and the Authority, in which we have provided consulting services for various projects over the years, RSG has cultivated a deep understanding of the Authority’s needs. We believe this provides us with the capability to successfully assist the Authority with the scope of work. Tara Broughton s is authorized to make representations for RSG to meet the requirements of this Request for Proposals and is authorized to bind RSG contractually. We have no expected potential sub-consultants to perform work on this engagement. Thank you for the opportunity to continue to assist the Authority. Should you have any questions or require any additional information, please do not hesitate to contact me at (714) 316-2111 or [email protected]. Sincerely, Tara Broughton, Principal 268

RSG COMPANY PROFILE ...................................................................................................... 1 Mission Statement ............................................................................................................................ 1 Core Values ....................................................................................................................................... 1 CONSULTANT EXPERIENCE ................................................................................................. 2 Qualiﬁcations .................................................................................................................................... 2 Similar Projects & References ......................................................................................................... 4 Lessons Learned ............................................................................................................................. 12 SCOPE OF WORK ................................................................................................................ 14 Compliance Monitoring ................................................................................................................ 14 Annual Reporting ........................................................................................................................... 16 On-Call Housing Consultant Services .......................................................................................... 17 Revolving Loan Fund ..................................................................................................................... 18 As-Needed Services ....................................................................................................................... 19 ORGANIZATIONAL CHART AND RESUMES .................................................................... 20 COST PROPOSAL ................................................................................................................. 23 269

1 RSG COMPANY PROFILE RSG, Inc. (“RSG”) is a Subchapter “S” Corporation. Founded in 1979, the ﬁrm is managed by active Principals Jim Simon and Tara Broughton. RSG’s corporate address is 170 Eucalyptus Ave., Suite 200, Vista, CA 92084, and we have three hubs in California (San Diego, Los Angeles, and Oakland) where we collaborate periodically as a team to accommodate the needs of our clients and growing ﬁrm. RSG is a creatively charged consultant to California public agencies. We collaborate with the people responsible for creating vibrant places to accomplish their goals. The inspired leaders at RSG create stronger communities capable of achieving bolder futures by bringing more than four decades of native knowledge to each engagement. As diverse as the agencies we work with, our services span real estate, economic development, ﬁscal health, and housing initiatives. RSG’s federal taxpayer identiﬁcation number is 95-343-5849 and State taxpayer identiﬁcation number is 27600915. RSG is also a State certiﬁed Small Business Enterprise (SBE – 2006876 DGS). MISSION STATEMENT RSG creates solutions to enhance communities’ physical, economic, and social future. CORE VALUES Our core values deﬁne who we are as people and the standards by which we provide services to our clients.

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2 CONSULTANT EXPERIENCE QUALIFICATIONS Since 1979, RSG has served public agencies to protect, preserve, and produce affordable housing in their communities. We see our role as technicians, advisors, and extensions of staff for local governments and developers, brainstorming and developing strategies, implementing and overseeing programs and development, performing complex affordable housing underwriting, identifying gap ﬁnancing resources, and ensuring compliance with local, State, and Federal guidelines. Our services in this practice area include: Developing and Evaluating Housing Strategies and Plans • Assessing Housing Element goals and RHNA requirements • Incorporating local, State, and Federal goals, requirements, and policies • Evaluating local market opportunities and constraints • Quantifying community housing demand and demographics • Identifying available ﬁnancial and real property resources • Calculating and projecting jobs/housing balance Affordable Housing Underwriting • Preparation and Implementation of Notice of Funding Availability (NOFA) • Evaluation of Developer Submissions • Developer qualiﬁcations • Development program • Alignment with community objectives • Funding strategies • Competitiveness assessment for programs with limited resources • Identifying alternative gap ﬁnancing • Comparative Analysis of Multiple Developer Submissions Assessing and Leveraging Gap Financing Sources • Low/Mod Income Housing Asset Funds (LMIHAF) • Low Income Housing Tax Credits (LIHTC) • Other State and Federal sources (HOME, CDBG, PHC, NSP , HOPE VI, MHP , AHP) • Tenant and project-based Section 8 assistance • HUD Subsidy Layering Analysis • Inclusionary housing funds and commercial linkage fees Affordable Housing Development • Site Acquisition 271

3 • Brokerage (DRE License No. 01930929) • Developer Solicitation, Evaluation, and Selection (RFQ/RFP) • Project Finance Assessment and Veriﬁcation • Disposition and Development Negotiations (ENA/DA/DDA) • Affordable Housing Agreements • Restrictive Covenants Relocation • Permanent and temporary relocation plans, including Ellis Act • Cost estimates and budgets • Project management and implementation • Outreach, interviews, and placement of residential tenants, businesses, and mobile home owners • Special needs of Section 8 housing voucher recipients • Inspections of replacement properties • Disbursement of relocation payments • State and Federal document preparation • Goodwill analysis Developing and Implementing Local Housing Programs • Inclusionary Housing Ordinances • Commercial Linkage Fees • First Time Homebuyer Downpayment Assistance • Rehabilitation Loans • Accessory Dwelling Unit Rent Stabilization and Tenant Protection Program Design and Implementation • Preparation of Informational materials • Facilitating tenant and property owner workshops • Policy and program development, evaluation, and revision • Allowable rent increase calculations and noticing • Processing petitions • Conducting hearings • Progress reports Compliance • Surplus Lands Act guidance • Successor Agency, Housing Successor, and Housing Authority Law and annual reporting requirements • Government and Health & Safety Code compliance 272

4 • US Treasury American Rescue Plan Act (ARPA) • CDBG and other Federal programs • Annual compliance monitoring and regulatory reporting • Tenant income recertiﬁcations Community Engagement • Facilitating Public Discussion • Conducting Surveys, Interviews, and Workshops • Presenting and Disseminating Complex Information • Receiving, Incorporating, and Responding to Public Comment Industry Engagement and Leadership • Active board and policy committee members of the San Diego Housing Federation • Collaborating with industry leaders, other consulting ﬁrms, community stakeholders, and policy makers throughout the State to build capacity, remove impediments, and inﬂuence legislation that will advance housing policy and ﬁnancing Our aim is to help you achieve your affordable housing goals, and create lasting foundations for stable, safe, and thriving communities. SIMILAR PROJECTS & REFERENCES Affordable Housing Services – San Diego County RSG serves as the primary consultant for the County of San Diego Health & Human Services Agency, Housing and Community Development Services. Since 2016, RSG has provided the County with the following services: ● Accessory Dwelling Unit (ADU) Subsidy Program – RSG researched existing ADU programs to identify requirements, determine outcomes and overall success of the program, identify how the program is funded, and develop best practices. RSG’s report provided recommendations on the parameters, guidelines, and supporting analysis for the design of the Program. ● Underwriting – Since 2016, RSG has conducted the underwriting and complete technical evaluations of multiple development proposals for affordable housing projects located throughout San Diego County. In this capacity, RSG has provided services including: ○ Developer Reviews – San Diego County retained RSG to review and evaluate responses to multiple NOFAs that the County issued regarding funding available for eligible affordable housing projects. This engagement capitalizes on our experience with the HOME Investment Partnerships Program, Section 8 Rental Assistance Project-Based Vouchers (PBVs), and Project-Based Veterans 273

5 Affairs Supportive Housing (VASH) Vouchers. For each project, RSG thoroughly reviews the developer’s pro forma, including construction cost estimates, proposed sources and uses of funding, income and expense assumptions, and cash ﬂow projections. ○ Subsidy Layering Analyses – For each application, RSG performs a subsidy layering analysis to determine the project’s compliance with the strictest requirements of the various proposed funding sources. For projects proposed to be funded with TCAC funding, RSG estimates the project’s competitiveness for tax credit funding. ○ Memorandums – For each development proposal we review, RSG provides the County a memo providing our recommendation regarding the amount of County funding warranted for the project and a summary of the strengths and weakness of the project. Our memo also details the developer’s major pro forma assumptions and whether each assumption complies with County requirements and TCAC Guidelines (if applicable). ● Ramona Market Study – RSG evaluated a site located in the Ramona community plan area to determine whether it was suitable for the development of an affordable senior group home. RSG conducted a site assessment to identify the parameters by which an affordable senior group home could be developed on the site, as well as a market assessment to determine the level of local demand for this type of development. Based on our site assessment and market assessment, RSG found the property suitable for an affordable senior group housing development. RSG estimated that the property could be developed with up to 245 units, a 60,000-square foot senior center, and a parking lot of about 245 spaces. Based on RSG’s assessment, the County moved forward with issuing an RFP to select a developer for the project. ● Santee Market Study – RSG evaluated a site located in the city of Santee to determine whether it was suitable for the development of an affordable housing project. RSG conducted a site assessment to identify the parameters by which affordable housing could be developed on the site, as well as a market assessment to determine the level of local demand for affordable housing. Based on our site assessment and market assessment, RSG found the property suitable for an affordable housing development and estimated that the property could be developed with up to 257 units, 25,700 square feet of private open space, 38,500 square feet of common open space, and 578 parking spaces. RSG’s analysis included an assessment of the development concessions available for the project, the amenities in the local community, and the percentage of local homeowners and renters who were cost-burdened. ● Homekey Review – RSG assisted the County with review of a developer’s proposal to acquire a hotel for conversion into housing. The developer proposed to partially fund the Project with HCD Homekey Program funding, as well as County funding. RSG 274

6 reviewed the developer’s pro forma and provided the County a memo detailing our recommendation regarding the County funding request. The memo also summarized strengths and weaknesses of the project and our review of the pro forma assumptions. RSG highlighted potential changes to the pro forma that could increase the project’s ﬁnancial feasibility and result in less County funding needed. ● Developer Capacity Evaluation – RSG performed analyses indicating the feasibility of potential projects, highlighting whether any gap ﬁnancing is needed. RSG also scrutinized the developer’s assumptions to ensure that the anticipated costs, revenues, and operating and replacement reserves were realistic and not over/understated. This included a detailed look at developer fees and deferred fees. Additionally, RSG prepared a long-term cash ﬂow to ensure that prospective developers could remain solvent as an operator throughout the duration of the affordability period. RSG delivered a peer review pro forma analysis, consisting of detailed construction and project phasing assessment, a phasing and post-stabilization 55-year operating forecast, and various measures of return on investment based on the proposed developer’s preferred disposition of the project once developed. ● Analysis of Rental Income Assistance – RSG assisted the County in analyzing the need for rental income assistance among individual investor landlords in the County. The County used RSG’s analysis to inform the development of a new rental assistance program to support “mom and pop” landlords experiencing signiﬁcant shortfalls in rental payments because of the COVID-19 pandemic. ● Consolidated Plan - RSG assisted the County of San Diego in preparing their Consolidated Plan for Fiscal Years 2025-2029. Contact: Tina Cabarrubias, Housing Analyst County of San Diego Health & Human Services Agency 858.694.4807 / [email protected] 3989 Rufﬁn Road, San Diego, CA 92123 Date of Services: 2016 – Current Contract Budget: $450,000 Affordable Housing Technical Review Services – City of El Cajon RSG has had an on-call affordable housing consulting contract with the City of El Cajon since 2018. Under this contract we have assisted with the following: ● First-Time Homebuyer Program Administration – RSG assists with the administration of the City’s First-Time Homebuyer Program. RSG pre-underwrites loans based on the borrower’s income and asset eligibility for the approval of maximum purchase price, including the ratio determination of housing and income. The program guidelines are carefully reviewed based on funding sources for state or federal requirements. The FTHB utilizes a combination of funding with HOME, CALHOME, and LMIHAF for the borrower’s eligibility review. Once the applicant locates a property RSG coordinates 275

7 with the City to issue tentative loan commitment approval to ensure the borrower can gather the City required documents. RSG also assisted the City with the preparation of loan documents and coordinated the closing of escrow (or transaction) with the mortgage lenders, escrow ofﬁce and title company. ● Lexington Avenue Resyndication – RSG evaluated a proposal from a developer to acquire the leasehold interest in the Lexington Avenue Senior Apartments to identify potential ﬁscal and regulatory impacts. RSG examined the project underwriting and proposed purchase price to ensure that it was economically feasible and met legal requirements. We evaluated cost estimate reasonableness, determined the ﬁnancial feasibility and if gap ﬁnancing was warranted, prepared a modeling pro forma, reviewed tax credit and other funding source market conditions, and prepared a 55-year cash ﬂow projection. ● Annual Compliance Reporting – As City Staff prepares SB341 and Housing Authority reports, RSG provides advisory services to ensure that Housing Successor funds are spent in compliance with legal requirements. We advise the City on the accurate reporting of ﬁnancial data provided by staff, including data about the balance, deposits, and expenditures pertaining to the Low- and Moderate-Income Housing Asset Fund, along with information about assets reported on the Housing Assets Transfer form. Each complete report is completed annually on activities during the ﬁscal year. ● Compliance Monitoring – RSG assists staff with conducting remote desk monitoring for the City of El Cajon’s affordable housing projects. RSG also assisted with creating income and rent limit charts according to the funding source of each project. ● PLHFA Subrecipient Monitoring - RSG supported the City of El Cajon in implementing its PLHA-funded subrecipient monitoring program, providing end-to-end oversight to ensure compliance with State HCD requirements and local agreements. Our structured approach resulted in full data collection across all subrecipients, completion of onsite monitoring, and delivery of clear compliance ﬁndings and recommendations to support ongoing program effectiveness and regulatory alignment. Contact: Jose Dorado, Housing Manager City of El Cajon Housing Successor Agency 619.441.1786 / [email protected] 200 Civic Center Way, El Cajon, CA 92020 Date of Services: 2018 – Current Contract Budget: Approximately $70,000 annually Affordable Housing (Procedures, Housing Successor Annual Reporting, and Project Implementation) – Orange County Community Resources 276

8 Since 2015, RSG has provided on-call housing consulting services to Orange County Community Resources for a wide variety of housing programs and projects. Our services have included: ● Policies and Procedures Manuals – RSG prepared policy and procedure manuals for the County’s CDBG, HOME CoC, and ESG programs as well as for their Affordable Housing Compliance Monitoring at properties assisted by the County. RSG continues to work with the City to routinely update the manuals in order to ensure compliance. ● SB 341 Reporting – RSG prepares the annual Housing Successor Agency expenditure report for the County on an annual basis. ● HOME Compliance – RSG routinely identiﬁes and tracks the use of the County’s HOME funds to ensure they are leveraging funds and meeting legal requirements. Activities include conducting a Subsidy Layering Review that includes: ○ Reviewing the developer’s development pro forma to determine the reasonableness of estimated development costs, revenue assumptions and proposed ﬁnancing structure, including, but not limited to, the potential for receiving HOME funds. o Preparing a memorandum detailing our ﬁndings and recommendations regarding the economic feasibility of the proposed development, as well as whether the total requested amount of program funding and other governmental assistance exceeds the amount necessary to make the project feasible due to the unreasonableness of the costs and/or projected rate of return. RSG also conducts a Neighborhoods Standard Review that includes: o Researching and determining if the Project site is of adequate size, exposure, and contour to the proposed development, has adequate utilities, and not in an area of minority concentration. ● Agreement Preparation –RSG serves as a project coordinator on multiple projects wherein we were responsible for the preparation and oversight of controlling documents. We were responsible for working with legal counsel and coordinating with the entire development team to prepare project closing documents. ● Compliance Monitoring – RSG partnered with the County of Orange to structure, streamline, and implement procedures for their affordable housing compliance monitoring portfolio. Services included: o Reviewing and summarizing each project’s controlling agreement. o Detailing affordability restrictions, funding source amounts, and documentation requirements. 277

9 o Creating a manageable database that details project information and tracks compliance data, including inspection dates, annual and quarterly compliance reporting, project contact information, and affordability requirements. o Training staff on policies and procedures as it relates to compliance monitoring. In addition to setting up the compliance structure, RSG assisted with compliance monitoring coordination activities. Services included: o Scheduling on-site monitoring visits. o Conducting ﬁle audit reviews. o Analyzing income-restricted reporting data. o Reviewing certiﬁcates of compliance to conﬁrm correct set-asides for all income level limits. o Collecting management plans. ● Residual Receipt Analysis – RSG provided ﬁnancial audit services to ensure compliance pursuant to related affordable housing agreements and loan documentation. ● Relocation Oversight – RSG provides relocation oversight on an as-needed basis for the County. This includes review relocation plans and advising on tenant rights. ● Relocation Process & Procedures - RSG developed a comprehensive Relocation Policies and Procedures Manual for Orange County Community Resources that consolidated federal and state relocation requirements into a clear, standardized framework for County-funded housing projects. • Recapitalization Policy and Fee Study —RSG has supported OCCR in strengthening their recapitalization processes through the development of a Recapitalization Policy and Procedures Manual and a Recapitalization Application Fee Study. RSG drafted a Recapitalization Policy and Procedures Manual to establish clear guidelines for processing recapitalization requests, including reﬁnancing, debt restructuring, and resyndication. The manual aligned with OCCR’s mission, regulatory requirements, and best practices while outlining roles, responsibilities, documentation standards, and decision-making processes to ensure efﬁciency and consistency. Building on this foundation, RSG then conducted the Recapitalization Application Fee Study to establish a legally compliant fee structure. The study ensured alignment with local and state laws and regulations by analyzing internal staff time, compliance monitoring, legal review, and fee studies from other jurisdictions. • Affordable Homeownership Study - RSG completed a homeownership study for OCCR that evaluated program models that could support the development and long-term administration of income-restricted for-sale housing units. Contact: Julia Bidwell, Director of Housing & Community Development 278

10 Orange County Community Resources 714.480.2991 / [email protected] 1770 N. Broadway, Santa Ana, CA 92706 Date of Services: 2015 – Current Contract Budget: Approximately $50,000 annually Housing Annual Reports, Expenditure Plan, Developer Solicitation, and Monitoring – City of Pinole RSG has been providing housing consulting services to the City of Pinole since 2015. Services performed during this time include: ● Housing Fund Expenditure Strategy – In 2017, RSG evaluated the City’s housing needs to recommend a Low- and Moderate-Income Housing Asset Fund expenditure plan to the City Council. RSG analyzed available assets and historic activity to recommend expenditure options that aligned with Council direction and the City’s affordable housing objectives, while also meeting legal requirements on how Housing Asset Funds may be spent. RSG advised the City to extend its deadline to develop or dispose of former redevelopment agency properties from ﬁve to ten years and provided guidelines on spending funds by income level and age to ensure legal compliance. ● Property Disposition & Development – RSG issued a Notice of Funding Availability / Request for Proposals to solicit proposals to develop affordable housing using available Low- and Moderate-Income Housing Asset Funds and a vacant Housing Successor property in 2020. RSG reviewed development proposals to ensure the proposed developers had the capacity, experience, and required underwriting to complete the project. Additionally, RSG reviewed and managed necessary agreements and negotiations pertaining to the disposition and development of property. ● Surplus Lands – In 2020, RSG drafted and issued a Notice of Availability of Surplus Land for four former redevelopment agency properties. RSG responded to inquiries to ensure the City complies with recent amendments to the Surplus Lands Act. ● Offering Memorandum – RSG is assisting Pinole dispose of four former redevelopment agency properties. An Offering Memorandum marketing the properties has been posted on CoStar and LoopNet, the nation’s premier commercial real estate listing services, and forwarded to developers that are active in the region. RSG hosts weekly property viewings, responds to buyer inquiries, and will help the City review offers and negotiate disposition agreements. RSG is driven by prioritizing City goals and community needs rather than simply making a broker commission. ● Annual Reporting – RSG prepares Pinole’s Housing Successor Agency (SB 341) Annual Reports and conducts multifamily rental compliance monitoring. 279

11 Contact: Lilly Whalen, Community Development Director City of Pinole 510.724.9832 / [email protected] 2131 Pear Street, Pinole, CA 94564 Date of Services: 2015 – Current Contract Budget: $86,330 Affordable Housing Advisory Services – City of Chula Vista RSG has provided affordable housing advisory services to the City of Chula Vista since 2014, who serves as the housing successor to the former Chula Vista Redevelopment Agency. During this time, our services have included: • ROPS – Preparation of Recognized Obligation Payment Schedule (“ROPS”) including ﬁnancial review, analyzing legislation, and coordination of meetings or responses from the Department of Finance. • Housing Authority Annual Report and SB 341 Reporting – RSG prepares the annual Housing Successor Agency report and the Authority’s Annual report for the city and ensures the reporting includes all items as required, a summary of ﬁnancial activity and affordable housing efforts, the integration of ﬁnancial data provided by City staff, and information about affordable housing resources and activity. • Compliance Monitoring – RSG assists the City of Chula Vista with the monitoring efforts for 20 multi- and senior projects of 1,915 affordable units, including onsite visits, physical inspections, desk monitoring, and administration. • Middle Income Housing Program Analysis – RSG evaluated proposals from two joint powers authorities (JPAs), the California Municipal Finance Authority (CMFA) and California Statewide Communities Development Authority (CSCDA), to issue tax exempt bonds and acquire market rate apartment buildings in the city, which would be converted to rent restricted moderate-income units. RSG’s analysis included gathering project information and proposed deal terms, conducting local market research, and evaluating the ﬁnancial impact to the City’s General Fund, including an estimation of foregone property tax and potential surplus proceeds. • Balanced Communities (Inclusionary Housing) Policy Study – RSG prepared a study of the City’s existing policy to provide recommendations for potential revisions and updates for its feasibility in making progress towards the City’s low- and moderate-income Regional Housing Needs Assessment allocations. The study evaluated the feasibility of a supportable increase in the affordable requirement, a lower threshold of applicability, and adoption of an Inclusionary Housing Ordinance and revision of the in-lieu fee, based on ﬁndings and recommendations from the analysis. 280

12 Contact: Brian Warwick, Housing Manager City of Chula Vista 619.409.5982 / [email protected] 276 Fourth Avenue, Chula Vista, CA 91910 Date of Services: 2014 – Current Contract Budget: Approximately $80,000 - $100,000 annually LESSONS LEARNED RSG’s experience supporting housing authorities, local jurisdictions, and affordable housing developments across California has provided valuable insight into the complexities of compliance monitoring, program administration, and real estate advisory services. Through this work, we have identiﬁed several key lessons that inform our approach to delivering efﬁcient, compliant, and high-quality outcomes. These lessons reﬂect best practices developed through hands-on experience and are directly applicable to the Murrieta Housing Authority’s scope of services. • Compliance monitoring – Regular review of tenant ﬁles, income certiﬁcations, rent restrictions, and owner reporting requirements allow potential issues to be identiﬁed early and corrected before they become signiﬁcant compliance concerns. Consistency in monitoring is critical as affordable housing portfolios grow. As jurisdictions add new projects and affordability restrictions, maintaining standardized monitoring procedures and reporting tools becomes increasingly important. Establishing scalable systems early helps agencies efﬁciently manage expanding portfolios without increasing compliance risk. • Accurate data management maintaining - up to date compliance data bases improves accuracy and provides agencies with reliable information that it is audit-ready. • Controlling documents often contain unique compliance requirements. Affordable housing projects frequently involve multiple funding sources and layered regulatory agreements. RSG has learned that a detailed review and summary of controlling documents at the outset of an assignment prevents inconsistencies in monitoring and reporting and establishes a clear compliance framework for all parties. • Affordable housing preservation requires the same level of attention as new production. Through resyndication reviews, recapitalization analyses, and long-term asset management assignments, RSG has learned that preserving existing affordable units often requires proactive ﬁnancial and compliance oversight well before affordability challenges emerge. • Early ﬁnancial review strengthens project outcomes - Identifying ﬁnancing gaps, unrealistic assumptions, or long-term operating concerns during underwriting allows agencies to make informed funding decisions and reduce future project risk. • Housing programs are most successful when compliance, ﬁnance, and policy are considered together. RSG has found that integrating compliance monitoring, annual 281

13 reporting, and ﬁnancial oversight provides jurisdictions with a more complete understanding of portfolio performance and supports better decision-making. • Staff turnover – Staff turnover can create institutional knowledge gaps. Developing clear procedures, maintaining organized project records, and documenting compliance histories helps ensure continuity and protects agencies from disruptions when stafﬁng changes occur. • Early underwriting reviews save time and resources – Identifying ﬁnancing gaps, unrealistic assumptions, and development risks early in the review process allows agencies and developers to address issues before signiﬁcant time and resources are invested. Establishing underwriting standards, funding priorities, and performance expectations lead to stronger outcome for public agencies. • Public funds should be structured to leverage other resources – RSG has learned that local housing funds are most effective when they are strategically used to attract tax credits, state funding, private ﬁnancing, and other external resources – maximizing the impact of limited public dollars. • Market conditions can change quickly – Construction costs, interest rates, insurance costs, and funding availability can signiﬁcantly impact project feasibility. Regular updates to ﬁnancial assumptions help agencies make informed funding and policy decisions. 282

14 SCOPE OF WORK COMPLIANCE MONITORING RSG staff are recognized experts in housing compliance monitoring throughout the State of California. Since 1988, RSG has been providing these services to clients. Continued program compliance monitoring services would include the following: 1. RSG will continue to maintain the database for Amberwalk, Reserves at Madison Park Fountain Glen, Monte Vista I and II, Monamos, Delhaven and Oak View Ranch projects which includes the project address, rental or homeownership unit number, tenant or owner name, move-in date, household size, household income/assets, date of tenant income certiﬁcation, tenant paid rent, utility allowance, percentage of area median income, and whether the unit receives Section 8 voucher assistance or project based Section 8 and the amounts of the Housing Assistance Payment and tenant portion. 2. Conﬁrm the status of project compliance regarding the projects set-aside based on the area median income for the appropriate number and type of units available at affordable housing rents, pursuant to controlling document requirements. 3. Conﬁrm income and rent restrictions based upon the project’s controlling agreement. This includes a thorough review of rent roll and occupancy summary reports. RSG provides an annual project compliance monitoring report to staff of the compliance results. 4. Provide a review of tenant income certiﬁcations and tenant income documents. This is to ensure that the restricted units have been rented and are occupied by eligible households whose income and assets are calculated and veriﬁed correctly, according to controlling document requirements. RSG will summarize the results in annual project compliance monitoring report. 5. RSG can conduct a remote desk audit of the projects tenant ﬁles to ensure that ﬁle documentation includes complete tenant applications, executed lease, addendums, disclosures, tenant notiﬁcations, initial unit inspection checklist, veriﬁable tenant income, assets, tenant income certiﬁcations including household composition (names, ages, occupations of all household members, gender of each head of household) and tenant identiﬁcation for all adult households. Additionally, ensure units are marketed and rented according to Fair Housing Regulations and are comparable with regard to location and amenities. This will also include review of 10% of declined tenant ﬁles. 6. In the RSG notice, we will request that the project owner provide the annual reporting for the projects, including a certiﬁcate of continued program compliance to conﬁrm ongoing set-aside compliance, utility allowance chart (conﬁrm UA deductions from the maximum affordable rent), rent roll, and the required tenant ﬁles. 283

15 7. Determine that the project owner is adhering to legal requirements with regard to the inclusion of required disclosures and statements (e.g. Privacy Act and HIPAA Regulations, Consent to Release, Tenant Failure to Cooperate Statement, Tenant Certiﬁcations, and related documents). 8. RSG can conduct on-site physical unit inspections every three (3) years for each project as mandated by all applicable regulations. RSG will issue any draft ﬁndings and will require corrections and follow up on non-compliant properties. 9. A OneDrive shared folder can be issued to the property and the city to keep the ﬁle records secured during the compliance monitoring of projects. The data will be maintained electronically in a format acceptable to and accessible by the City. 10. RSG annual compliance monitoring report will identify the overall assessment of compliance and non-compliance (with ﬁndings and corrective action requirements) of each project. An electronic copy of the report will be provided to city staff, project owners and/or managers. 11. Determine eligibility for prospective homebuyers purchasing remaining deed-restricted affordable units in the Amberwalk II and Reserves at Madison Park communities. 12. Prepare and coordinate the execution of covenant documents for the purchase of those units. 13. Monitor these units for compliance with the covenants and respond and prepare documents in response to homebuyers who reﬁnance, sell, or default on their units. 14. Arrange for and/or attend affordable housing compliance monitoring-related meetings, as requested by the City or as needed to fully accomplish the scope of work described herein. 15. Follow up on corrections and recommendations noted in report ﬁndings. Assist City in working with manager/owners to bring project into full compliance with the controlling documents. RSG understands that the City has approved four developments for very low and low income housing, identiﬁed and listed below, that are anticipated to be under construction in the next year. Once approved and directed by the City, RSG can incorporate these projects into the affordable housing activities. • Oak View Ranch Adams Ave. Affordable 198 low-income units • Monamos Terrace Apartments 14 very-low and 125 low-income units • Kensington Apartments 26 very-low and 98 low-income units • Sandstone Valley 96 low-income units Additional Monitoring Related Activities/Residual Receipts 284

16 In addition to the annual affordable housing compliance monitoring activities, RSG will review the Monte Vista I, Monte Vista II, and Oak View Ranch annual ﬁnancial statements to ensure that operating and capital replacement reserve deposits are made in accordance with the project’s controlling documents, the calculation of interest is correctly applied for the City loan(s), and the calculation of residual receipts accurately reﬂect the terms under the ﬁnancing documents. RSG will also ensure payments are made as required in a timely manner and will respond to the annual debt conﬁrmation requests by conﬁrming information related to the Monte Vista I, Monte Vista II, and Oak View Ranch project loans. ANNUAL REPORTING Housing Authority Annual Report Pursuant to Health and Safety Code Sections 34328 and 34328.1, all housing authorities must annually ﬁle with their respective city (or county) clerks and submit to the California Department of Housing and Community Development (“HCD”) a complete report of its activities during the previous ﬁscal year by October 1. As part of the reporting process, a housing authority may make recommendations for legislation or other actions necessary to carry on a program of housing and community development properly in the State of California. RSG will prepare the Housing Authority Annual Report annually by the October 1 deadline and share it with staff at least one month prior to being due for review and coordination. SB 341 Annual Report Pursuant to redevelopment agency dissolution, SB 341 created a requirement that successor housing entities provide an annual report that details compliance with the expenditure limitations speciﬁed in SB 341 during each ﬁve-year compliance period (“SB 341 Report”). As the successor housing entity to the former Murrieta Redevelopment Agency, the Housing Authority is required to annually provide the SB 341 Report. The SB 341 Report will provide information regarding the Housing Asset Fund encumbrances reported on the City’s Housing Assets Transfer form. RSG will annually prepare the SB 341 Report due December 31, and the report will be provided to staff to present to the City Council/Housing Authority Board in December of each year prior to submission. Housing Element Annual Progress Report RSG will provide the annual reporting services pursuant to Government Code Section 65400 by preparing and submitting a Housing Element Annual Progress Report (“APR”) to HCD and the Governor’s Ofﬁce of Planning and Research (“OPR”) by April 1 of each year. RSG staff will prepare the City’s APR and will include the following components: 1. Total allocation of housing units for the Regional Housing Needs Allocation (“RHNA”) planning period and allocation by household income levels (i.e., very low, low, moderate, above moderate). 285

17 2. Summary of newly constructed, entitled, permitted, and completed units during the reporting period (affordable to moderate- or lower-income households, including mixed-income multifamily projects). The summary identiﬁes detailed project information, unit affordability, monetary and non-monetary programs used to achieve affordable housing cost, and date of approval. 3. Program implementation status for each program identiﬁed in the City’s Housing Element pursuant to the requirement of Government Code 65583. 4. Inventory of locally owned land identiﬁed in the Housing Element that have been sold, leased, or disposed of. 5. Report on sites identiﬁed as rezoned to accommodate shortfall housing needs and no net-loss law 6. Description of any commercial density bonus approved pursuant to Government Code 65915.7. 7. Report on units rehabilitated, preserved and acquired for alternative adequate sites pursuant to Government Code section 65583.1(c). Other items to report on are any above-moderate units converted to moderate income, student housing development for low-income students that were granted a density bonus, tenant preference policy and historical resources. 8. Inventory of locally owned land declared surplus pursuant to Government Code 54221 or identiﬁed as excess pursuant to Government Code 50569. 9. Annual report of Local Early Action Planning Grant funds received by the City. ON-CALL HOUSING CONSULTANT SERVICES Homeownership Program Administration 1. Resale Coordination – RSG can assist the City with all resale transactions that include the tasks below: • Income Eligibility: Ensure all new applicant/borrower is income eligible pursuant to the agreement for the speciﬁc property being purchased. • Affordable Housing Cost Calculation: Provide a detailed resale price and monthly affordable housing cost calculation to the City and other interested parties. • Forms: Coordinate all City forms and documents with the new purchaser, lender, escrow, or title company. • Loan Documents & Closing: Prepare any corresponding City loan documents and coordinate closing as needed. 286

18 2. Reﬁnance Review – RSG will assist with the review of the terms of the proposed loan (for reﬁnance) to conﬁrm compliance with the City’s 2nd trust deed agreement and assist as follows: • Forms: Draft, complete, and submit corresponding forms to the City and lender as applicable. • Documentation Preparation: Will be completed for the reﬁnance transaction and as requested by the lender; this may include: o Pay-off Demand o Subordination Agreement • Closeout: RSG will coordinate all tasks on behalf of the City and ensure all requested documents from escrow, title, and the lender are addressed at the time of closing for the reﬁnance. REVOLVING LOAN FUND RSG will assist with the administration of the City’s Revolving Loan Fund (RLF) as-needed, including NOFA preparation, loan application/proposal reviews, ﬁle reviews to ensure the City has all necessary documentation, and underwriting analyses. RSG’s cost proposal assumes that we will underwrite up to 5 proposed projects. Resyndication Review 1. Review Existing Controlling Documents: RSG staff will review the proposal from Afﬁrmed Housing and then conduct a thorough review of the existing controlling documents (Ground Lease, Regulatory Agreement, proposed capital repair and improvement plans, and the proposed Project pro forma). 2. Financial Underwriting Analysis: RSG will review the developer’s qualiﬁcation and ﬁnancial capacity by examining the viability of the proposed capital stack to ﬁnance rehabilitation and permanent ﬁnancing. RSG will review the developer’s ﬁnancial pro forma analyses to determine the reasonableness of estimated development costs, revenue assumptions and proposed ﬁnancing structure, including, but not limited to, the potential for receiving LIHTC. Direct and indirect development costs will also be examined to identify budget excesses or deﬁciencies based on third party data sources and comparable project experience. 3. Developer Negotiations: RSG would prepare a memorandum detailing our ﬁndings and the implications for the Housing Authority in negotiations. Negotiation recommendations would be included in the memorandum . We would discuss these with City staff in preparation for the negotiations. It is anticipated the Authority’s legal counsel will draft any amendments to any agreements needed to complete the transaction. It is anticipated that one (1) presentation to the Authority Board will be needed for this engagement. 287

19 AS-NEEDED SERVICES We understand the Authority has other responsibilities related to asset management and real estate engagements that may arise. RSG will assist the Authority with those activities on an as-needed basis upon request from the City. 288

20 ORGANIZATIONAL CHART AND RESUMES RSG dedicates a Principal to each project assignment and creates a core group of project managers and staff who work on the individual assignments on a consistent basis throughout all stages of the contract engagement. Our staff is focused, committed, and passionate about the work we do. We conduct our engagements around our Core Values and are proud of it. We pride ourselves on our ability to appropriately allocate our time and resources to ensure that a project is completed on time and within budget. This project will be led by Tara Broughton, Principal-in-Charge, with support from Director and Project Manager Alex Lawrence, Senior Associate Rosa Romero, Associates Dawna Morse and Annie Holder, Senior Analyst Marcus Mekhael, Senior Compliance Monitoring Analyst Joe Avila, Analyst Jennifer Hernandez, and Research Assistant Yutong Bo. Organizational chart and bios of the project team can be found below and resumes of our staff can be found on our website at https://rsgsolutions.com/meet-our-team/.

Tara Broughton, Principal-in-charge - Tara is a housing and economic development expert with more than 20 years of experience supporting public agencies in affordable housing policy, ﬁnance, compliance, and implementation. She leads complex housing engagements involving program design, funding strategy, and administration, with expertise in underwriting, ﬁnancial feasibility analysis, subsidy layering, and development review for projects utilizing LIHTC, HOME, CDBG, NPLH, VASH, and ESG funding. Tara has extensive Tara Broughton, Principal
Alex Lawrence, Director & Project Manager
Dawna Morse, Associate
Rosa Romero, Senior Associate
Annie Holder, Associate
Marcus Mekhael, Senior Analyst
Joe Avila, Senior Compliance Monitoring Analyst
Jennifer Hernandez, Analyst
Yutong Bo, Research Assistant
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21 experience administering NOFAs and RFPs, negotiating development agreements, and preparing housing strategies and property disposition plans aligned with RHNA and Housing Element goals. She also oversees compliance monitoring and program administration efforts, ensuring adherence to federal, state, and local requirements, and has developed policies, procedures, and Consolidated Plans to support ongoing implementation. In addition, Tara leads residential relocation services, with hands-on experience preparing HCD-compliant relocation plans, counseling tenants, identifying replacement housing, and administering relocation beneﬁts. She is a recognized leader in the ﬁeld, serving on the San Diego Housing Federation Board and Policy Committee and speaking regularly at industry conferences Alex Lawrence, Director & Project Manager – Alex is an affordable housing and real estate professional with extensive experience managing property disposition, development feasibility, relocation, housing ﬁnance, and affordable housing procurement processes. She has led Requests for Proposals, evaluated developer qualiﬁcations and ﬁnancial feasibility, negotiated real estate transactions, and supported affordable housing developments throughout California. Her work includes compliance reporting, relocation planning, housing program administration, underwriting review, and affordable housing project implementation, making her highly qualiﬁed to support Murrieta Housing Authority’s ongoing housing initiatives. Alex brings specialized expertise in surplus land transactions, housing development strategy, and public-private development partnerships. Rosa Romero, Senior Associate - Rosa Romero brings more than 20 years of affordable housing and real estate experience, specializing in compliance monitoring, loan administration, regulatory reporting, and program implementation. She manages compliance oversight for hundreds of affordable housing developments across California, ensuring adherence to HUD, HOME, LIHTC, HCD, and local regulatory requirements. Rosa has extensive experience conducting tenant eligibility reviews, annual monitoring, physical inspections, ﬁnancial reporting, and Housing Authority reporting. Her expertise directly supports Murrieta Housing Authority’s compliance monitoring, annual reporting, and affordable housing portfolio management responsibilities. Annie Holder, Associate and Project Manager - Annie specializes in housing program administration, compliance review, data analysis, and monitoring for public-sector housing initiatives. Drawing on her experience with housing authorities and local governments, she supports housing compliance monitoring, relocation reviews, affordable housing program evaluation, annual reporting, and policy implementation. Annie is skilled in developing data-driven solutions, conducting regulatory reviews, and creating operational systems that improve program efﬁciency and accountability. Dawna Morse, Associate - Dawna Morse is a housing policy and community development professional with more than 15 years of experience helping public agencies expand affordable housing opportunities and implement innovative housing programs. Her expertise includes housing program development, underwriting, subsidy layering reviews, feasibility analysis, affordable housing policy creation, relocation planning, and HUD-funded program 290

22 administration. Dawna has led and supported affordable housing initiatives involving HOME, CDBG, LIHTC, NOFA evaluations, compliance monitoring, revolving loan fund implementation, and housing ﬁnance strategies for jurisdictions throughout California. Notably, she helped develop the City of Murrieta’s Revolving Loan Fund, including program guidelines, stakeholder outreach, and NOFA preparation, directly aligning with key components of the Murrieta Housing Authority’s current housing goals. Her experience in policy development, ﬁnancial analysis, and affordable housing implementation positions her to effectively support the Authority’s compliance, reporting, funding, and housing development objectives. Marcus Mekahel, Senior Analyst - Marcus Mekhael is an urban planning and affordable housing development professional with experience spanning project feasibility, housing ﬁnance, public funding, redevelopment analysis, and affordable housing policy. He has supported complex affordable housing developments, ﬁnancial underwriting, inclusionary housing studies, land use planning efforts, and redevelopment feasibility evaluations for public agencies and nonproﬁt partners. Marcus brings expertise in pro forma analysis, funding strategies, regulatory review, and development negotiations that support affordable housing production and preservation goals. His experience aligns with the Authority’s needs for ﬁnancial analysis, development review, and strategic housing planning Joe Avila, Senior Compliance Monitoring Analyst Joe Avila is an affordable housing compliance specialist with more than ﬁfteen years of experience supporting affordable housing operations, regulatory monitoring, and resident eligibility review. He conducts comprehensive compliance monitoring, tenant ﬁle audits, income certiﬁcation reviews, and reporting for affordable housing developments throughout California. Joe has experience administering homebuyer assistance and rehabilitation loan programs while ensuring compliance with federal, state, and local funding requirements. Jennifer Hernandez, Analyst - Jennifer is an affordable housing analyst with experience in compliance monitoring, rent stabilization administration, housing reporting, tenant assistance, and community engagement. She has conducted annual monitoring of affordable housing properties, reviewed regulatory compliance, supported Housing Authority reporting, and served as a public resource for rent stabilization programs. Bilingual in English and Spanish, Jennifer also provides direct support to residents and stakeholders through outreach, relocation assistance, and compliance review activities. Yutong Bo, Research Assistant – Yutong Bo is a policy and data analysis professional with experience supporting housing, economic development, ﬁscal analysis, and community planning projects. She has contributed to affordable housing compliance monitoring, relocation support, Housing Element implementation efforts, and housing policy research for local government clients. She combines advanced quantitative analysis, GIS expertise, and program evaluation skills to support data-driven housing and community development decisions. She holds a Master of International Affairs from UC San Diego and is bilingual in Mandarin 291

23 COST PROPOSAL RSG is proposing to complete this assignment on a time and materials basis. The table below provides a generalized cost breakdown. Please note that cost proposal is a not-to-exceed ﬁgure and the on-call and optional services may not be needed on an annual basis.

RSG would bill for these services based on the fee schedule and billing policies below. RSG does not charge clients for travel or mileage (except direct costs related to ﬁeld work/surveys), parking, standard telephone/fax expenses, general postage, or incidental Murrieta Housing Authority General Services
PrincipalDirectorSenior AssociateAssociateSenior AnalystAnalystResearch AssistantTask $305$295$250$205$185$170$145TotalCOMPLIANCE MONITORING Multi-Family 4 0 20 0 46 55 45 $30,605Tenant File Recertification 1 0 10 0 8 15 25 $10,460Property Inspections 0 0 0 0 30 20 0 $8,950Reporting 3 0 10 0 8 20 20 $11,195 Single-Family 1 0 30 20 0 15 20 $17,355Recertification 1 0 10 0 0 15 20 $8,255Eligibility Review/Resale Requests 0 0 10 10 0 0 0 $4,550Loan Processing 0 0 10 10 0 0 0 $4,550 Residual Receipts (Monte Vista I and II, Oak View Ranch)4 10 0 15 0 0 0 $7,245 ANNUAL REPORTINGHousing Authority Report 0 10 0 15 0 0 0 $6,025SB 341 Report 0 10 0 15 0 0 0 $6,025Annual Progress Report 0 0 15 0 0 15 0 $6,300 SUBTOTAL OF RECURRING ANNUAL WORK $73,555

ON CALL HOUSING CONSULTANT SERVICES
Homeownership Program AdministrationResale Coordination (Cost per loan transaction)0 0 8 10 0 0 0 $4,050Refinance Review (Cost per loan transaction)0 0 8 10 0 0 0 $4,050 Revolving Loan Fund (5 Applications)15 20 60 60 60 65 0 $59,925 As-Needed Services 10 15 10 5 5 10 0 $13,625
SUBTOTAL OF ON CALL SERVICES $81,650
OPTIONAL SERVICE IF NEEDEDMonte Vista Resyndication Review (Reimbursed by Developer)25 10 40 0 0 40 0 $27,375 SUBTOTAL OF OPTIONAL SERVICES $27,375
TOTAL SERVICES PER YEAR $182,580
Principal $305 Director $295 Senior Associate $250 Associate $205 Senior Analyst $185 Analyst $170 Research Assistant $145 Technician $120 Clerical $100 292

24 copies. However, we do charge for messenger services and overnight shipping/express mail costs. We also charge for copies of reports, documents, notices, and support material in excess of ﬁve copies. We bill reimbursable costs at the actual expense plus a 10% surcharge. RSG issues monthly invoices payable upon receipt, unless otherwise agreed upon in advance. Invoices identify tasks completed to date, hours expended, and the hourly rate. 293

25 CORPORATE ADDRESS 170 EUCALYPTUS AVE. SUITE 200 VISTA, CA 92084 CONTACT 714-541-4585 [email protected] RSGSOLUTIONS.COM DRE Corporate #01930929 SAN DIEGO LOS ANGELES OAKLAND WE LEVERAGE OPPORTUNITY FOR YOUR CITY IN THE FOLLOWING AREAS:

AFFORDABLE HOUSING ECONOMIC DEVELOPMENT FISCAL HEALTH REAL ESTATE 294

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EXHIBIT B

CONTRACT MODIFICATIONS
(Superseding Contract Boilerplate)

N/A
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EXHIBIT C

SCHEDULE OF COMPENSATION

I. The Scope of Work set forth herein shall be compensated for in the following manner:
☐ A single flat rate for all services as set forth in Exhibit “A.” ☐ Multiple flat rates for different specified services as set forth in Exhibit “A.” ☒ An hourly rate for some or all of the proposed services as set forth in Exhibit “A.” II. The total compensation for all Services shall not exceed the Contract Sum as provided in the Cover Page of this Agreement.

III. Consultant’s billing rates for any hourly Services are set forth in Exhibit “A .” 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 set forth in Exhibit “A” 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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EXHIBIT D

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 297

01375.0001 962082.4
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 information. 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 298

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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 subject to a self -insured retention (SIR) or deductible that exceeds $25,000 [fill in the amount for your comfort level for the specific Con sultant and job – it could be much higher, or in the case of a very small Consultant, you might want it lower] 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. The 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. 299

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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 required 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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CITY OF MURRIETA
City Council Meeting Agenda
Report
8/18/2026
Agenda Item No. 13.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Bernard Molloy, Fire Chief
PREPARED BY: Sue Ann Herring, Senior Management Analyst SUBJECT:

Acceptance of the Fiscal Year 2025 Emergency Management Performance Grant Program Award

ABSTRACT
This item requests City Council approval to accept the Fiscal Year 2025 Emergency Management Performance Grant (EMPG) award of $11,137 and amend the Fiscal Year (FY) 2026/27 Operating Budget to establish revenue and expenditure appropriation for the grant funds and carry over any unused funds to FY 2027/28. The grant supports emergency preparedness training and materials for Murrieta Fire & Rescue. The action also authorizes the City Manager or his designee to complete all required grant documents.

RECOMMENDATION
Adopt Resolution No. 26-4965, entitled: A Resolution of the City Council of the City of Murrieta, California, Accepting the FY25 Emergency Management Performance Grant Program Award; Amend the FY 2026/27 Operating Budget to allocate and appropriate the grant funds for $11,137 and carry over any unused grant budget to FY 2027/28; and
Authorize the City Manager, or designee, to sign and submit all necessary grant-related documents and take any actions required to accept and implement the grant.

PRIOR ACTION/VOTE
On June 3, 2025, the City Council of the City of Murrieta adopted Resolution No. 25-4837 approving the Operating Budget for FY 2025/26 and FY 2026/27 (Vote: 5-0).

STRATEGIC ALIGNMENT
This item aligns with the City Council’s goal to maintain a high performing organization that values fiscal sustainability, transparency, accountability, and organizational efficiency.

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8/18/2026
Agenda Item No. 13.

DISCUSSION
Murrieta Fire & Rescue (MFR) submitted a sub-grantee application for the FY25 EMPG to continue working with the California Office of Emergency Services (Cal OES). The EMPG program, funded through federal Homeland Security allocations, supports emergency preparedness and training at the state and local levels.

The County of Riverside Office of Emergency Services received its annual EMPG award allocation from Cal OES and is authorized to distribute funds to approved sub-grantees. On June 24, 2026, MFR received a grant award notification for $11,137.

The EMPG performance period runs from July 1, 2025, through January 31, 2027. Grant funds will support disaster preparedness supplies, equipment, personnel, consultant costs, and community education. The grant requires a dollar-for-dollar match, which is available in the Fire Department’s Operating Budget.

FISCAL IMPACT
A budget amendment is required to establish the revenue and expenditure budgets associated with this grant.

Staff recommends that the City Council amend the FY 2026/27 Operating Budget to establish a revenue budget of $11,137 in the Homeland Security Grant Fund 377, under Intergovernmental Revenues-Federal (Account 42222), and establish an expenditure appropriation of $11,137 in Object Code 53900 for personnel costs and carry over any unused funds to FY 2027/28.

ATTACHMENTS
ATT 1 - FY25 EMPG Award Letter from the County of Riverside Emergency Management Department ATT 2 - Resolution No. 26-4965
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Dan Bates
Director

450 EAST ALESSANDRO
RIVERSIDE, CALIFORNIA 92508
T: 951.358.7100 ♦ TDD: 711
WWW.RIVCOEMD.ORG
June 24, 2026
City of Murrieta
Bernie Molloy, Fire Chief
SUBJECT: FY 2025 Emergency Management Performance Grant (EMPG) Award Notice Period of Performance:

Personnel: 7/1/2025 – 1/31/2027
Other: 6/24/2026 – 1/31/2027

Grant #: 2025-5008 CFDA #: 97.042
This letter is being provided to notify you that your FY 2025 EMPG subaward has been approved in the amount of $11,137.

This subaward is subject to requirements in 2 CFR, Part 200, including the Notice of Funding Opportunity (NOFO), Preparedness Grants Manual, California Supplement to the NOFO, Riverside County Supplement to the NOFO, Grant Assurances, and all applicable fe deral, state, and local requirements. All activities funded with this subaward must be completed within the period of performance.

The Riverside County Operational Area (OA) may suspend or terminate grant funding, in whole or in part, or other measures may be imposed for any of the following reasons:
• Failure to submit required performance reports.
• Failure to expend a minimum of 90% of awarded funding. • Failure to expend funds in a timely manner consistent with the grant milestones, guidance, and assurances.
• Failure to comply with the requirements or statutory progress toward the goals or objectives of federal or state law.
• Failure to make satisfactory progress toward the goals or objectives set forth in the Subrecipient application.
• Failure to follow Grant Subaward requirements or special conditions. • Proposing or implementing substantial plan changes to the extent that, if originally submitted, the application would not have been selected for funding. • False certification in the application or document.
• Failure to adequately manage, monitor, or direct the grant funding activities of the organization.

Subrecipients must obtain additional written approval prior to incurring costs for activities such as aviation, watercraft, noncompetitive procurement, and projects requiring Environmental Planning and Historic Preservation (EHP) review. Any changes to the Financial Management Forms Workbook (FMFW) requires approval from the OA prior to conducting activities and incurring costs.

303
Dan Bates
Director

450 EAST ALESSANDRO
RIVERSIDE, CALIFORNIA 92508
T: 951.358.7100 ♦ TDD: 711
WWW.RIVCOEMD.ORG
The following documents must be submitted with signatures to finalize the acceptance of this subaward. The documents should be submitted in a single PDF to [email protected] by August 24, 2026:
• Financial Management Forms Workbook
o Grant Subaward Face Sheet
o Authorized Agent and Contact Tab
o Project Ledger Tab
o Planning Tab
o Organization Tab
o Equipment Tab
o Training Tab
o Exercise Tab
o Consultant-Contractor Tab
o Personnel Tab
o Match Tab
o Authorized Agent Sheet
• Governing Body Resolution
• Standard Assurances
• EHP Screening Form
Reimbursement requests will not be processed without the acceptance documents on file.

This subaward is subject to all provisions of 2 CFR Part 200, Subpart F – Audit Requirements. Any funds received in excess of current needs, approved amounts, or those found owed as a result of a final review or audit, must be refunded to the OA within 30 days upon receipt of an invoice from the County of Riverside Emergency Management Department.

For further assistance, please contact [email protected]. We look forward to working with you and appreciate your cooperation and support.

Sincerely,
EMD OA Grants
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RESOLUTION NO. 26-4965

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA, ACCEPTING A FISCAL YEAR 2025 EMERGENCY

MANAGEMENT PERFORMANCE GRANT

WHEREAS, on June 3, 2025, the City Council of the City of Murrieta adopted Resolution No. 25-4837 approving the Operating Budget for Fiscal Years 2025/26 and 2026/27; and

WHEREAS, the City of Murrieta Fire Department submitted a grant application to the County of Riverside Office of Emergency Services under the U.S Department of Homeland Security; and

WHEREAS, on June 24, 2026, the City of Murrieta received a grant award for the Fiscal Year 2025 Emergency Management Performance Grant program in the amount of $11,137 (the “Grant”); and

WHEREAS, the terms of the Grant provide a dollar-for-dollar local match totaling $11,137; and

WHEREAS, sufficient funding for the local match requirement is available in the Murrieta Fire District’s 2026/27 Operating Budget.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS

Section 1. The recitals above are true and correct and incorporated herein by this reference.

Section 2. The City of Murrieta accepts the grant award of the Fiscal Year 2025 Emergency Management Performance Grant award in the amount of $11,137, and the terms of the Grant are hereby accepted.

Section 3. The Fiscal Year 2026/27 Operating Budget, as adopted by Resolution No. 25-4837, is amended to allocate Fiscal Year 2025 Emergency Management Performance Grant funds to the Homeland Security grant revenue and expenditure budgets, and increasing grant revenues and grant expenditures in Fund 377 by $11,137.

Section 4. The City Manager, or their designee, is authorized to sign and submit all necessary grant-related documents and take actions required to accept and implement the Grant.

PASSED AND ADOPTED this 18th day of August, 2026.

____________________________
Jon Levell, Mayor
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Resolution No. 26-4965

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Murrieta City CouncilAugust 18, 2026

Murrieta City Council
August 18, 2026