Agenda packet — Finance & Governance Committee, May 27, 2025 (part 1 of 2)

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AGENDA

OXNARD CITY COUNCIL

FINANCE AND GOVERNANCE COMMITTEE
Council Chambers, 305 West Third Street
May 27, 2025
Regular Meeting - 5:00 PM to 6:30 PM

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1 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 27, 2025 - Page 2

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A. ROLL CALL, POSTING OF AGENDA, FLAG SALUTE
Consideration of Teleconference Participation pursuant to Assembly Bill 2449.

B. PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA

A person may address the legislative body only on matters not appearing on the agenda and within the subject matter jurisdiction of the legislative body. Speaker requests shall be submitted as set forth on the first page of this agenda. Speakers are limited to three minutes. After 30 minutes, if all speakers have not had the opportunity to speak, the remaining speakers will be given an opportunity to speak prior to adjournment of the meeting. The legislative body cannot enter into a detailed discussion or take action on any items presented during public comments at this time. Such items may only be referred to the City Manager/Executive Director/Secretary for administrative action or scheduled on a subsequent agenda for discussion. Persons wishing to speak on public hearing items should do so at the time of the hearing.

C. CONSENT AGENDA

1. City Clerk Department
SUBJECT: Approval of Minutes.

RECOMMENDATION: That the Finance and Governance Committee approve the minutes of the May 13, 2025 regular meeting as presented.

Contact: Luly Lopez, (805) 385-7805
D. REPORTS

1. Finance Department
SUBJECT: Annual Investment Policy and Delegation of Investment Authority.

RECOMMENDATION: That Finance and Governance Committee recommends that the City Council:

1. Adopt a resolution adopting FY 2025-26 investment policy for the City of Oxnard; and

2. Adopt a resolution delegating investment authority to the City Chief Financial Officer.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/0Kn3TvV0NJY
Contact: Javier Chagoyen-Lazaro, (805) 200-5400

2. Public Works Department
SUBJECT: Fiscal Year (FY) 2025-26 Resolution to Levy Assessments in the Waterways Maintenance District. (10 minutes)
2 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 27, 2025 - Page 3

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council, acting as the legislative body for the Waterways Maintenance District:

1. Hold a public hearing regarding proposed assessments for the Waterways Maintenance District for Fiscal Year 2025-26, and

2. Adopt a resolution to levy the maintenance assessment on property within the Waterways Maintenance District for Fiscal Year 2025-26.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/ArzSTPDag44
Contact: Michael Wolfe, (805) 385-8055

3. Public Works Department
SUBJECT: Fiscal Year (FY) 2025-26 Special Tax Levy for Community Facility Districts Numbers 1, 2, 3, 4, 5, 8, 9 and 2000-3. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9 and 2000-3:

1. Adopt a resolution setting a special tax rate within CFD No. 1 (Westport at Mandalay Bay) for Fiscal Year 2025-26;

2. Adopt a resolution setting a special tax rate within CFD No. 2 (Westport at Mandalay Bay) for Fiscal Year 2025-26;

3. Adopt a resolution setting a special tax rate within CFD No. 3 (Seabridge at Mandalay Bay) for Fiscal Year 2025-26;

4. Adopt a resolution setting a special tax rate within CFD No. 4 (Seabridge at Mandalay Bay) for Fiscal Year 2025-26;

5. Adopt a resolution setting a special tax rate within CFD No. 5 (Riverpark) for Fiscal Year 2025-26;

6. Adopt a resolution setting a special tax rate within CFD No. 8 (Sakioka Farms Business Park) for Fiscal Year 2025-26;

7. Adopt a resolution setting a special tax rate within CFD No. 9 (North Shore at Mandalay Bay) for Fiscal Year 2025-26;

8. Adopt a resolution setting a special tax rate within CFD No. 2000-3 (Oxnard Boulevard/Highway 101 Interchange) for Fiscal Year 2025-26; and

9. Authorize the Public Works Director, or designee, to execute an agreement for Billing of Direct Assessments with the Ventura County Auditor-Controller to provide the service of placement of direct assessments on the Ventura County Secured Tax Roll.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/w3Ygir6d86Q
Contact: Michael Wolfe, (805) 385-8055
E. ITEMS FOR FUTURE AGENDAS

F. ADJOURNMENT

3 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

CONSENT AGENDA
AGENDA ITEM NO. C.1

DATE: May 27, 2025

TO: Finance & Governance Committee

FROM: Luly Lopez, City Clerk, (805) 385-7805, [email protected]

SUBJECT: Approval of Minutes.

RECOMMENDATION

That the Finance and Governance Committee approve the minutes of the May 13, 2025 regular meeting as presented.

BACKGROUND

Approval of minutes.

STRATEGIC PRIORITIES

This agenda item is a routine operational item or does not relate to the five strategic priorities adopted by City Council on March 16, 2021.

FINANCIAL IMPACT

There is no financial impact.

Prepared by: Luly Lopez, City Clerk

ATTACHMENTS

1. Minutes of Finance and Governance Committee for May 13 2025

4 MINUTES

OXNARD CITY COUNCIL

FINANCE AND GOVERNANCE COMMITTEE
May 13, 2025
A. ROLL CALL, POSTING OF AGENDA, FLAG SALUTE

At 5:03 p.m., Chair Luis A. Mc Arthur called to order the regular meeting of the Oxnard City Council Finance and Governance Committee in the City Hall Council Chambers at 305 West Third Street, Oxnard, California. The City Clerk called the roll and announced the posting of the agenda. Chair Luis A. Mc Arthur, Member Gabriela Rodriguez and Member Aaron Starr were present.

The flag salute was followed by a moment of silence.

Staff members present were Alexander Nguyen, City Manager; Eric Sonstegard, Assistant City Manager; Stephen Fischer, City Attorney; Michelle McCarron, Assistant City Attorney; Javier Chagoyen-Lázaro, Chief Financial Officer; Beth Vo, Assistant Chief Financial Officer; Jennifer Hiraoka, Senior Manager Internal Controls; Michael Wolfe, Public Works Director; Anthony Miller, Special Districts Manager; Brenda Lopez, Interim Housing Director; and Lourdes A. López, City Clerk.

Consideration of Teleconference Participation pursuant to Assembly Bill 2449.

B. PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA
No public comments were received.

C. CONSENT AGENDA

1. City Clerk Department
SUBJECT: Approval of Minutes.

RECOMMENDATION: That the Finance and Governance Committee approve the minutes of the April 22, 2025 regular meeting as presented.

No public comments were received.

It was moved by Member Rodriguez, seconded by Chair Mc Arthur, to approve the Information/Consent item as presented. VOTE: Rodriguez, Starr and Mc Arthur voted in favor; the motion carried 3-0.

D. REPORTS

1. Finance Department
SUBJECT: Accounting and Financial Risk Assessment Update. (15 minutes) RECOMMENDATION: That the Finance and Governance Committee receive the Risk Assessment Update regarding accounting and financial reporting as part of the 5 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 13, 2025 Page 2
Internal Control Integrated Framework pursuant to City of Oxnard Finance Policy (FPOL) 1.05, and recommend staff forward the presentation to City Council.

Javier Chagoyen-Lázaro, Chief Financial Officer and Jennifer Hiraoka, Senior Manager Internal Controls were available to answer the committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Member Starr, seconded by Member Rodriguez, to approve the recommended action as presented. VOTE: Starr, Mc Arthur and Rodriguez voted in favor; the motion carried 3-0.

2. Public Works Department

SUBJECT: Fiscal Year (FY) 2025-26 Landscape Maintenance Districts Initiation of Proceedings to Levy Assessments, Approval of a Consolidated Engineers Report, and Declaration of Intention to Levy Assessments. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council, acting as the legislative body of the City of Oxnard Landscape Maintenance Districts (LMDs):

1. Adopt “A Resolution of the City Council of the City of Oxnard, California, initiating proceedings to levy assessments against real property for Fiscal Year 2025-26 in connection with the City’s Landscape Maintenance Districts”;

2. Adopt “A Resolution of the City Council of the City of Oxnard, California, approving a Consolidated Engineer’s Report regarding assessments against real property for Fiscal Year 2025-26 in connection with the City’s Landscape Maintenance Districts”;

3. Adopt “A Resolution of the City Council of the City of Oxnard, California, declaring its intention to levy assessments against real property for Fiscal Year 2025-26 in connection with the City’s Landscape Maintenance Districts” setting the Public Hearing for June 17, 2025;

4. Approve a one-time fund balance contribution from the General Fund to LMD-49 in the amount of $55,401.45 as outlined in this staff report; and

5. Approve a distribution of LMD-54 reserve fund balance in the amount of $30,902.20 to the equivalent benefit units in LMD-54 as outlined in this staff report.

Michael Wolfe, Public Works Director; Anthony Miller, Special Districts Manager; Amanda Welker with NBS and Mark Mandell, with Mandell Municipal Counseling presented and answered the Committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Member Rodriguez, seconded by Chair Mc Arthur, to approve the recommended action as presented. VOTE: Rodriguez and Mc Arthur voted in favor; the motion carried 2-1 with Member Starr voting no.
6 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 13, 2025 Page 3

3. Public Works Department
SUBJECT: Fiscal Year (FY) 2025-26 Resolution to Levy Assessments in Mandalay Beach Maintenance District. (10 minutes)

RECOMMENDATION: That the Finance & Governance Committee recommend that the City Council, acting as the legislative body for the Mandalay Beach Maintenance District:

1. Hold a Public Hearing on June 3, 2025, to receive public testimony regarding the proposed Fiscal Year 2025-26 assessments for the Mandalay Beach Maintenance District; and

2. Adopt a resolution to levy the special tax assessment for Fiscal Year 2025-26 within the Mandalay Beach Maintenance District for Fiscal Year 2025-26.

Michael Wolfe, Public Works Director; Anthony Miller, Special Districts Manager and Mark Mandell, with Mandell Municipal Counseling presented and answered the Committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Member Rodriguez, seconded by Chair Mc Arthur, to approve the recommended action as presented. VOTE: Mc Arthur and Rodriguez voted in favor; the motion carried 2-1 with Member Starr voting no.

4. Public Works Department

SUBJECT: Modification of the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay) and Approval of the Deposit and Reimbursement Agreement and the Special Tax Disbursement Agreement A-8588. (10 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council, acting as the legislative body of the City of Oxnard Community Facilities District No. 9 (Northshore at Mandalay Bay), adopt the following resolutions:

1. A Resolution Approving a Deposit and Reimbursement Agreement and a Special Tax Disbursement Agreement Relating to the Change Proceedings for City of Oxnard Community Facilities District No. 9 (Northshore At Mandalay Bay); and

2. A Resolution of Consideration Declaring its Intention to Modify the Rate and Method of Apportionment of the Special Tax Relating to City of Oxnard Community Facilities District No. 9 (Northshore At Mandalay Bay), Increase Certain Special Tax Rates, Add a New Special Tax, Increase the Maximum Bonded Indebtedness, Amend a Funding and Acquisition Agreement, and Revise the Appropriations Limit of Said Community Facilities District, and Other Related Actions in Connection Thereto.

Michael Wolfe, Public Works Director and Anthony Miller, Special Districts 7 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 13, 2025 Page 4
Manager presented and answered the Committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

5. Housing Department
SUBJECT: Housing Authority Low Rent Public Housing and Housing Choice Voucher Program Section 8 Budgets for Fiscal Year 2025-2026. (15 minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the Board of Commissioners of the Housing Authority of the City of Oxnard:

1. Adopt a resolution approving the recommended $7,795,322 operating budgets for the Low Rent Public Housing Program for Fiscal Year 2025-2026, as presented for each project area, and approve and authorize the use of $201,272 of unrestricted cash to fund the projected deficit.

2. Adopt a resolution approving the recommended $35,921,457 operating budget for the Housing Choice Voucher Program Section 8 for Fiscal Year 2025-2026, and approve and authorize the use of $149,715 of unrestricted cash to fund the projected deficit.

Brenda Lopez, Interim Housing Director presented and answered the Committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Member Starr, seconded by Member Rodriguez, to approve the recommended action as presented. VOTE: Starr, Rodriguez and Mc Arthur voted in favor; the motion carried 3-0.

6. Finance Department
SUBJECT: Agreement for Annual Financial Audits and Single Audits for Federally Funded Programs for Fiscal Years 2024-25 through 2028-29. (10 Minutes)

RECOMMENDATION: That the Finance and Governance Committee recommend that the City Council approve and authorize the Mayor to execute a five-year agreement (No.32600005) with Macias Gini & O'Connell, LLP in the amount of $1,219,895 for annual financial audits and Single Audits for Federally funded programs.

Javier Chagoyen-Lázaro, Chief Financial Officer; Beth Vo, Assistant Chief Financial Officer and Michelle McCarron, Assistant City Attorney were available to answer the committee’s questions. No public comments were received. Discussion ensued among the Committee and staff.

It was moved by Chair Mc Arthur, seconded by Member Rodriguez, to approve the 8 OXNARD CITY COUNCIL: FINANCE & GOVERNANCE COMMITTEE
May 13, 2025 Page 5
recommended action as presented. VOTE: Mc Arthur, Starr and Rodriguez voted in favor; the motion carried 3-0.

E. ITEMS FOR FUTURE AGENDAS
No requests were made.

F. ADJOURNMENT
There being no further business on the agenda, and without objection, Chair Mc Arthur adjourned the meeting at 6:04 p.m.
________________________________ ________________________________ LOURDES A. LÓPEZ LUIS A. MC ARTHUR
City Clerk Chair

9 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.1

DATE: May 27, 2025

TO: Finance & Governance Committee

FROM: Javier Chagoyen-Lazaro, Chief Financial Officer, (805) 200-5400, [email protected]

SUBJECT: Annual Investment Policy and Delegation of Investment Authority.

RECOMMENDATION

That Finance and Governance Committee recommends that the City Council:

1. Adopt a resolution adopting FY 2025-26 investment policy for the City of Oxnard; and

2. Adopt a resolution delegating investment authority to the City Chief Financial Officer.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/0Kn3TvV0NJY

BACKGROUND

California Government Code Section 53646 establishes that a treasurer or chief fiscal officer annually render an investment policy to be considered at a public meeting. The City of Oxnard’s investment policy section 16.0 established that the investment policy shall be reviewed annually and adopted by City Council by resolution.

California Government Code Section 53607 establishes that the City Council may delegate its authority to invest or to reinvest City funds, for a one-year period to the City Treasurer.

The City Council delegated the investment authority to the Chief Financial Officer for Fiscal Year 2024-25 to address compliance issues with both the California Government Code and the City’s Investment Policy, after external auditors had found instances of non-compliance with the City’s Adopted Investment Policy in previous fiscal years. Additionally, staff had also identified certain California Government Code requirements that were not being followed by the City Treasurer in the periodic reporting prepared to Council, and have been included in the monthly report to City Council for the last fiscal year.

California Government Code Section 53060 allows the legislative body of any public or municipal corporation or district to contract with and employ any persons for the furnishing to the corporation or district special services and advice on financial, economic, accounting, engineering, legal or administrative matters if such persons are specially trained and experienced and competent to perform the special services required.

California Government Code Section 37103 allows the legislative body of the City to contract with any specially trained and experienced person, firm, or corporation for special services and advice in financial, economic, accounting, engineering, legal, or administrative matters. 10 DISCUSSION

The current revision of the City of Oxnard’s Investment Policy FY 2025-26 only includes minor typographical changes with respect to the policy adopted in FY 2024-25. Staff has checked publications from the California Debt and Investment Advisory Commission (CDIAC) to identify legislative changes that should have been referenced in the investment policy and did not find any relevant updates at this time.

The Investment Policy outlines procedures and guidelines for managing surplus funds in a fiscally responsible manner. The Policy encompasses those funds over which the City exercises fiscal control, stipulates allowable and unallowable investment alternatives, establishes parameters for selecting broker/dealers and financial institutions with which the City may do business, and prioritizes the City’s public funds management objectives of safety, liquidity, and yield. The Policy also mandates review and approval by the City Council at least annually or whenever significant changes occur.

The City of Oxnard Delegation of Investment Authority resolution delegates to the City Chief Financial Officer the authority to invest City surplus monies within the parameters of the City’s Investment Policy. The Chief Financial Officer is a competent professional with multiple years of experience in treasury, investment and debt management in private and government entities.

The Delegation to the CFO will provide continuous adherence to compliance with the City’s adopted Investment Policy, as well as the reporting requirements established by California Government Code Section 53646(b)(1) to ensure transparency in the decision-making process related to investments through regular reporting to City Council.

STRATEGIC PRIORITIES

This agenda item supports the Organizational Effectiveness strategy. The purpose of the Organizational Effectiveness strategy is to reinforce, stabilize, improve, and strengthen the organizational foundation of the City in order to build a modern, high-functioning City government that effectively and efficiently supports the operating departments in providing high-quality services and programs for our residents and businesses.

FINANCIAL IMPACT

There is no financial impact.

Prepared by: Javier Chagoyen-Lazaro, Chief Financial Officer

ATTACHMENTS

1. Resolution Investment Policy for FY 2025-26

2. Exhibit A Investment Policy for FY 2025-26

3. Resolution Delegation of Investment Authority for FY 2025-26

4. Presentation

11 CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO. ________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
OXNARD ADOPTING THE FY 2025-26 INVESTMENT POLICY
WHEREAS, a "Statement of Investment Policy" is rendered to the City Council on an annual basis or whenever there are recommended changes, whichever occurs first; and WHEREAS, Government Code Section 53646(a)(2) provides that the treasurer or chief fiscal officer may annually render to the City Council a statement of investment policy, which the City Council shall consider at a public meeting; and
WHEREAS, the existing policy has been reviewed and revised in order to provide for operational flexibility without sacrificing internal controls or increasing financial risk to the City.

NOW, THEREFORE, the City Council of the City of Oxnard resolves to adopt the FY 2025-26 Investment Policy attached hereto as Exhibit A.

PASS AND ADOPTED 17th day of June, 2025 by the following vote AYES:

NOES:

ABSTAIN:

ABSENT:

Luis McArthur, Mayor
ATTEST
Luly Lopez, City Clerk

APPROVED AS TO FORM
Stephen M. Fischer, City Attorney
12 CITY OF
OXNARD

FISCAL YEAR
2025-26

INVESTMENT
POLICY

13 City of Oxnard

INVESTMENT POLICY

TABLE OF CONTENTS

Section Page No.

1.0 Policy 1

2.0 Scope 1

3.0 Prudence 1

4.0 Objectives 2

5.0 Delegation of Authority 2

6.0 Ethics & Conflicts of Interest 3

7.0 Authorized Financial Institutions & Dealers 3

8.0 Authorized & Suitable Investments 3

9.0 Collateralization 8

10.0 Investment Pools 9

11.0 Authorized Investment for Bond Funds 9

12.0 Safekeeping & Custody 9

13.0 Diversification 9

14.0 Trading of Securities 10

15.0 Maximum Maturities 10

16.0 Portfolio Maturity Limitation 10

17.0 Monitoring Credit Ratings 10

18.0 Reporting 11

19.0 Internal Controls 11

20.0 Performance Standards 11

21.0 Policy Review 11

22.0 State Law 12

23.0 Investment Policy Adoption 12
Appendix Glossary of Cash Management & Investment
Terms
13 Exhibit A List of Investment Advisor 16
Exhibit B List of Authorized Brokers 17
14 City of Oxnard

INVESTMENT POLICY

1.0 POLICY

The Legislature of the State of California has declared that the deposit and investment of public funds by local officials and local agencies is an issue of statewide concern California Government Code (CGC) § 53600.6 and §53630.1 .

The City Council may invest surplus monies, not required for the immediate necessities of the local agency, in accordance with the provisions of CGC §5922 and CGC §5360 0 et seq.

The Chief Financial Officer of the City of Oxnard shall annually, or whenever there are recommended changes, whichever occurs first, prepare and submit a statement of investment policy and such policy, and any changes thereto, shall be considered by the legislative body at a public meeting (CGC §53646(a)).

The policy of the City of Oxnard is to invest funds in a manner which will provide: (i) the maximum security; (ii) the funds necessary to meet the daily cash flow demands of the City; and (iii) the highest investment return while conforming to all statutes go verning the investment of the City funds within the constraints of this Investment Policy.

This policy is intended to provide guidelines for the prudent investment of the City’s funds and to enhance the economic status of the City while protecting its pooled cash. Funds will be invested in accordance with this policy and with applicable sections of the California Government Code.

2.0 SCOPE
This investment policy applies to the City’s pooled investment fund, which includes the General Fund, special revenue funds, capital project funds, enterprise funds, trust and agency funds, and internal service funds

This policy does not include retirement, retiree health care savings/trust/plan(s), nor deferred compensation plans, nor proceeds of bonds, nor Successor Ag ency funds.

Pooling of funds

Except for cash in certain restricted and special funds, the City will consolidate cash and reserve balances from all funds to maximize investments earnings and to increase efficiencies with regards to investment pricing, safekeeping and administration. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles.

3.0 PRUDENCE

The standard of prudence to be used by designated investment signatories shall be the "prudent investor" standard (CGC §53600.3) and shall be applied in the context of managing an overall portfolio. Investments shall be made with care, skill, prudence, and diligence under the circumstances then prevailing , including, but not limited to, the general economic conditions and the anticipated needs of the City, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the City.

Designated investment signatories, acting in accordance with written procedures, this Investment Policy, 15 and exercising due diligence shall be relieved of personal responsibility for an individual security's credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments.

4.0 OBJECTIVES

As specified in CGC §53600.5, when investing, reinvesting, purchasing, acquiring, exchanging, selling, and managing public funds; the primary objectives, in priority order, of the investment activities shall be:

A. Safety: Safety of principal is the foremost objective of the investment program.

Investments made by the City shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, diversification is required to prevent any potential loss on any individual security or depository from exceeding the income generated from the remainder of the portfolio.

B. Liquidity: The investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated.

C. Return on Investments: The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, considering the investment risk constraints and the cash flow characteristics of the portfolio. Return on investment is of secondary importance compared to the safety and liquidity objectives described above. The core of investments is limited to relatively low- risk securities in anticipation of earning a fair return relative to the risk being assumed.

5.0 DELEGATION OF AUTHORITY

Authority to manage the investment program is derived from CGC §53600, et seq., CGC §37103 and CGC § 53060. Management’s responsibility for the investment program shall be delegated for a one -year period by the City Council via resolution, to the Chief Financial Officer (CFO) who shall thereafter assume full responsibility for those transactions until the delegation of authority is revoked by the City Council.

Subject to review, the City Council may renew the delegation of authority each year. The CFO shall establish written procedures for the operation of the investment program consistent with this Investment Policy.

Procedures should include reference to safekeeping, wire transfer agreements, collateral/depository agreements and banking services contracts, as appropriate. Such procedures shall include explicit delegation of authority to persons/positions responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this Investment Policy and the procedures established by the CFO. The CFO shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinates.

The CFO may authorize the Assistant City Treasurer to perform the CFO’s functions and duties under this policy in the absence of the CFO. The CFO may authorize a manager in the Finance Department to execute transactions as prescribed by the CFO in the absence of the CFO and Assistant City Treasurer. When acting as the CFO’s delegate as provided in this paragraph, the delegate shall be subject to the same limitations, obligations, and requirements as the CFO.

The CFO may engage the services of one or more external investment advisors to assist in the management of the City’s investment portfolio in a manner consistent with this Investment Policy and the City’s investment objectives and any written directions provided by the CFO. Furthermore, the advisors may not take possession of City’s cash or securities. Such investment advisors must be registered under the Investment Advisers Act of 1940.
16 6.0 ETHICS AND CONFLICTS OF INTEREST
Officers, employees and financial advisors involved in the placement of investments shall refrain from personal business activity that could conflict with the proper execution of the investment program, or which could impair their ability to make impartial investment decisions.

City staff shall disclose to the City Manager and on the annual Statement of Economic Interest Form any material financial interests in financial institutions that conduct business with the City, and they shall disclose any material personal financial/investment positions that could be related to the City’s investment performance.

7.0 AUTHORIZED FINANCIAL INSTITUTIONS, BROKERS AND DEALERS The CFO shall maintain a list of approved and authorized financial institutions selected based on creditworthiness, financial strength, experience, and capitalization.

To the extent the City Treasurer has entered into contract with depositories pursuant to statutory duty, the CFO shall utilize those depositories.

The CFO shall formally use authorized investment broker -dealers to provide investment services to the City. Investment brokers -dealers may be primary dealers or regional brokers with branch offices in the State of California performing the transactions with the City. Brokers/dealers must complete a broker - dealer statement of qualifications before being approved by the CFO, execute an annual certification of acknowledgment of the City’s Investment Policy by broker -dealer employees and supervisory personnel, and be in good standing with the California Department of Securities (CDS), the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), or other applicable self-regulatory organizations. A periodic review of authorized brokers/dealers is essential to serve the City’s investment needs.

The City may engage the support services of outside investment advisors in regard to its investment program, so long as it can be reasonably demonstrated that these services produce a net financial advantage or necessary financial protection of the City’s financial resources. Investment advisors shall follow this policy, state law, and other such written instructions as provided by the CFO. Contracted investment advisors may use their own brokers. The CFO may conduct periodic reviews of contracted investment advisors, including review of FINRA reports.

8.0 AUTHORIZED AND SUITABLE INVESTMENTS

The City’s investments are governed by the California Government Code. Within the investments permitted by the Government Code, the City seeks to further restrict eligible investments to the investments types listed below. In the event an apparent discrepancy is found between this Investment Policy and the Government Code, the more restrictive parameters will take precedence. Percentage holding limits listed in this section apply at the date an investment is p urchased. Credit ratings, as shown, specify the minimum credit rating category required at the point of purchase.

A. United States Treasury notes, bonds, bills, or certificates of indebtedness, or those for which the full faith and credit of the United States are pledged for the payment of principal and interest.

B. Federal agency or United States government-sponsored enterprise obligations , participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or United States government-sponsored enterprises. 17 C. State Municipal Securities – Registered treasury notes or bonds issued by any of the 50 United States, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled or operated by a state or by a department, board, agency, or authority of any of the 50 states. Securities eligible for investment under this paragraph shall be rated in a rating category of “A” or its equivale nt or better by a Nationally Recognized Statistical Rating Organization (NRSRO). Short-term municipal securities eligible for investment shall be rated at or above the following credit agencies investment grade ratings; Sp -1 by Standard & Poor’s, F- 1 by Fitch, and MIG-1 by Moody’s. These ratings for short term municipal securities signify the issuer’s strong capacity to pay principal and interest. Not more than 10 percent of the City’s funds shall be invested in state and local municipal securities.

D. California Local Agency Municipal Securities – Bonds, notes, warrants or other evidence of indebtedness of a local agency or municipality located within the State of California, including debt securities issued by the City. Given potential issues with arbitrage regulations, City’s legal counsel shall review any potential purchase of City’s own debt before the purchase. Securities eligible for investment under this paragraph shall be rated in a rating category of “A” or its equivalent or better by a NRSRO.

E. Bank deposits, including demand deposit accounts, savings accounts, and market rate accounts, time deposits, and certificates of deposit in financial institutions located in California. Bank deposits are required to be collateralized as specified under Gov ernment Code § 53630 et. seq.

Agreements allowing for the waiver of the collateral requirement for that amount of deposit covered by the Federal Deposit Insurance Corporation may be implemented provided the remainder of the deposit is secured by collateral as required by the Government Code.

F. Negotiable Certificates of Deposit. Negotiable certificates of deposit (NCD) issued by a nationally or state-chartered bank, a savings association or a federal association (as defined by Section 5102 of the Financial Code), a state or federal credit union, or by a federally licensed or state -licensed branch of a foreign bank. Purchases are limited to securities rated in a rating category of “A” (long- term) and/or “A-1” (short-term) or their equivalents or better by a NRSRO. NCD for which the full amount of the principal and the interest that may be accrued during the maximum term of each certificate is insured by federal deposit insurance are exempt from the rating requirements. A maximum of 30 percent of the portfolio may be invested in this category. The maximum investment maturity will be restricted to five years.

G. Placement Service Deposits (PSD). Funds may be placed with a private sector entity that assists in the placement of deposit with eligible financial institutions located in the United States (CGC § 53601.8). The full amount of the principal and the interest that may be accrued during the maximum term of each PSD shall always be insured by federal deposit insurance. The maximum portfolio exposure to Placement Service Deposits is limited to 30 percent. The maximum investment maturity will be restricted to five years.

H. Commercial paper of "prime" quality of the highest ranking or of the highest letter and number rating as provided for by a NRSRO. The entity that issues the commercial paper shall meet all the following conditions in either paragraph (1) or paragraph (2):

(1) The entity meets the following criteria:
(a) Is organized and operating in the United States as a general corporation; (b) Has total assets more than five hundred million dollars ($500,000,000); (c) Has debt other than commercial paper, if any, that is rated in category of "A" or its equivalent or better by a NRSRO.
18 (2) The entity meets the following criteria:
(a) Is organized within the United States as a special purpose corporation, trust, or limited liability company;
(b) Has program wide credit enhancements including, but not limited to, over collateralization, letters of credit, or surety bond;
(c) Has commercial paper that is rated in a rating category of "A-1" or better, or the equivalent, by a NRSRO.

Eligible commercial paper shall have a maximum maturity of 270 days or less. A maximum of 25 percent of the portfolio may be invested in this category.

I. Local Agency Investment Fund (LAIF) investment pool is a voluntary program created by statute as an investment alternative for California’s local governments and special districts and is under the administration of the State Governor of California. All securities purchased by LAIF are under the authority of Government Code §16429 and §16480.4. As part of the Pooled Money Investment Account (PMIA), LAIF has oversight by the Pooled Money Investment Board (PMIB), and an in- house Investment Committee. LAIF also has oversight by the Local Agency Investment Advisory Board and is audited by the Bureau of State Audits on an annual basis. Investment in California LAIF cannot exceed the maximum deposit per agency limit as set by the Local Agency Investment Fund.

J. Local Government Investment Pools (LGIP). Shares of beneficial interest issued by a joint powers authority organized pursuant to Government Code § 6509.7. To be eligible for purchase, the pool must meet the requirements of CGC § 53601(p).

Whenever the City has any funds invested in a LGIP, the CFO shall mainta in on file a copy of the pools’ current information statement to be reviewed on a periodic basis. Investment in LGIPs cannot exceed the maximum deposit limit as set by each LGIP.

K. Money Market Funds - Investing solely in U.S. Treasury securities and U.S. G overnment Agency securities, and repurchase agreements relating to the above obligations. To be eligible, these Money Market Funds must have met either of the following criteria: (A) Attained the highest ranking or the highest letter and numerical rating provided by not less than two NRSROs. (B) Retained an investment advisor with not less than five years of experience and registered or exempt from registration with the SEC, with assets under management more than five hundred million dollars ($500,000,000). No more than 20 percent of the portfolio may be invested in Money Market Funds with no more than 10 percent invested in any one money market mutual fund.

L. Repurchase Agreements – The City may invest in repurchase agreements with banks and dealers with which the City has entered into a master repurchase agreement which specifies terms and conditions of repurchase agreements.

1) Transactions shall be limited to the primary dealers and banking institutions rated in a rating category of “A” or its equivalent or better by a NRSRO, or with a financially stable banking institution which the City has a substantial banking relationship. The maturity of repurchase agreements shall not exceed 90 days. The market value of securities used as collateral for repurchase a greements shall be monitored daily by the CFO and will not be allowed to fall below 102 percent of the value of the repurchase agreement plus the value of collateral more than the value of the repurchase agreement.

To conform with the Federal Bankruptcy Co de which provides for the liquidation of securities held as collateral for repurchase agreements, the only securities acceptable as collateral shall be securities that are direct obligations of, or that are fully 19 guaranteed as to principal and interest by the United States or any agency of the United States.

2) Not more than 40 percent of the portfolio may be invested in repurchase agreements and a security interest satisfactory to the City shall always be maintained in the securities subject to a repurchase agreement.

M. Medium Term Notes (MTN): MTNs defined as all corporate and depository institution debt securities with a maximum remaining maturity of five years or less, issued by corporations organized and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States. Purchases in this category shall not exceed 30 percent of the portfolio and must be rated in a rating category of “A” or its equivalent, or better by a NRSRO.

N. U.S. Instrumentalities (Supranational). United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corpor ation, or Inter -American Development Bank, with a maximum remaining maturity of five years or less, and eligible for purchase and sale within the United States. Purchases are limited to securities that are rated in a rating category of “AA” or its equivale nt or better by a NRSRO. A maximum of 20 percent of the portfolio may be invested in United States Instrumentalities.

Ineligible Investments: Investments not described herein, including but not limited to, reverse repurchase agreements and common stocks are prohibited from use in this portfolio. This Investment Policy further specifically disallows investments in inverse floaters, range notes, or interest only strips that are derived from a pool of mortgages, or any security that could result in zero inte rest accrual if held to maturity.

Notwithstanding, the City may invest in securities issued by, or backed by, the United States government that could result in zero- or negative-interest accrual if held to maturity, in the event of, and for the duration of, a period of negative market interest rates. The City may hold these instruments until their maturity dates.

City Interfund Loans – Funds may be invested in loans to provide specific funding to City Programs, provided no loan shall violate any limitations prescribed by California law. Interfund loans shall be approved by City Council through the corresponding promissory note, including at a minimum, the description of the loan, the rate of interest assigned to the loan and the date on which the loan will be repaid.

9.0 COLLATERALIZATION

Collateralization is required on two types of investments: uninsured bank deposits and repurchase agreements.

Uninsured bank deposits may only be invested with financial institutions which participate in the California Local Agency Security Program (LASP) administered by the California Department of Financial Protection & Innovation . LASP provides for collateral requirements, oversight and monitoring, and reporting by financial institutions.

Collateral is also required for repurchase agreements. The market value of securities that underlie a 20 repurchase agreement shall not be allowed to fall below 102% of the value of the repurchase agreement and the value shall be adjusted no less than quarterly. Securities that can be pledged for collateral shall consist only of securities permitted in this policy. Collateral shall be held by an independent third party with whom the City has established a custodial agreement.

10.0 INVESTMENT POOLS

Investment pools include LAIF, county pooled investment funds, shares of beneficial interest (mutual funds and money market funds), and joint powers authority pools. A thorough investigation of any pool or fund is required prior to the City’s investment and on a periodic basis while funds are invested. The investigation will include review of the following items:
o Eligible investments;
o Investment policy and/or investment objectives;
o Security safeguarding, settlement process, pricing;
o Allowable deposits and withdrawals;
o Interest calculation, distribution, and treatment of gains/losses; o Schedule for receiving statements and portfolio listings; o Fees.
o Retained earnings
o Eligibility for bond proceeds

11.0 AUTHORIZED INVESTMENTS FOR BOND PROCEEDS

Bond proceeds shall be invested in the securities permitted pursuant to City Council approved bond documents. If the bond documents are silent as to the permitted investments, bond proceeds will be invested in the securities permitted by this policy. Notwithstanding the other provisions of this Investment Policy, the dollar portfolio, percentage, and term limitations listed elsewhere in the Investment Policy do not apply to bond proceeds. In addition to the securities listed in Section 8.0 above, bond proceeds may be invested in a structured investment product if approved by the CFO.

12.0 SAFEKEEPING AND CUSTODY

As required by CGC §53601 all security transactions entered by the City shall be conducted on Delivery versus Payment basis. Delivery versus Payment or DVP basis means all securities purchas ed or acquired shall be delivered to the City by book entry, physical delivery, or third -party custodial agreement.

Investments in the state pool, local government investment pools, or money market funds are undeliverable, and therefore, not subject to the delivery or third-party safe keeping requirements.

13.0 DIVERSIFICATION

The City Council recognizes that investment risks can result from issuer defaults, market price changes, or various technical complications leading to temporary illiquidity. Portfolio d iversification is employed to minimize these risks. Investment signatories are expected to display prudence in the selection and/or approval of securities, to minimize the risks present in the investment portfolio. No individual investment transaction shal l be undertaken which jeopardizes the total capital position of the overall portfolio. To promote diversification, no more than 5 percent of the portfolio may be invested in the securities of any one issuer, regardless of security type; except for U.S. Tre asuries, federal agencies, supranational, and pooled investments such as LAIF, money market funds, and local government investment pools. 21 The City Council acknowledges that from time to time certain situations may arise during which strict adherence to an inflexible investment policy may be overly restrictive. On a case by case basis, the City Council may consider any pertinent information of such situations and may, by minute action, modify or waive, within the constraints of CGC §53601 et seq., any of the provisions and/or restrictions of this Investment Policy.

The CFO shall periodically establish diversification guidelines, within the context of this policy, and strategies to control any risks of default, market price changes, and illiquidity.

14.0 TRADING OF SECURITIES

A trade is the movement from one security to another and may be done for a variety of reasons, such as to increase yield, lengthen or shorten maturities, to take a profit, or to increase investment quality. The purchase and sale transaction and the sale transaction must each be recorded separately and any losses or gains on the sale must be recorded.

The CFO may obtain competitive bids from at least two brokers or financial institutions on all purchases based on investment analysis recommended by staff about the investment policy guidelines. Competitive bids can be also obtained by other communication channels when necessary.

If the City has contracted with an investment advisor to provide investment service, the trading of the funds managed by the investment advisor will be performed by the investment advisor based on their established policies and procedure to evaluate and monitor the firms’ credit worthiness, as well as their ability to perform the duties necessary for efficient trade execution. All trading activity conducted by the investment advisor shall be made in accordance with this Investment Policy and any written directions provided by the CFO.

15.0 MAXIMUM MATURITIES
Where no maturity limit is stated for an investm ent under Section 8.0, no investment shall be made in any security that at the time of the investment, has a remaining term to maturity of more than five years unless the City Council has granted express authority to make that investment either specifically or as part of a previous investment program, no less than three (3) months prior to the investment. Any investment currently held at the time the investment policy is adopted which does not meet the new policy guidelines may be held until maturity and shall be exempt from the current policy. At the time of the investment’s maturity or liquidation such funds shall be reinvested only as provided in the most current policy.

16.0 PORTFOLIO MATURITY LIMITATION
The weighted average maturity of the entire portfolio shall not exceed three (3) years.

17.0 MONITORING CREDIT RATINGS

The CFO or the investment advisor shall monitor the ratings of all investments in their portfolios on a continuous basis. If an existing investment’s rating drops below the minimum credit rating required for new investments made pursuant to this Investment Policy, the CFO will make a decision as to whether this security should be held or sold prior to maturity and will report to the City Council.

22 18.0 REPORTING

Within 45 days of the end of each month, the CFO shall submit to the City Council a monthly investment report. At the end of each quarter, the report is presented at the Finance and Governance Committee meeting. This report will include the elements of the quarterly report as recommended by CGC §53646, to include:
a. Type of investment
b. Name of institution
c. Date of maturity
d. Amount of deposit or cost of the security and the par value e. Current market value of all securities
f. Rate of interest/earnings (yield)
g. A monthly list of transactions

CGC §53646(b)(2), (3) recommends that the investment report must include a statement that (i) all investment actions executed since the last investment report have been made in full compliance with the Investment Policy or a City Council's minute action (wavier) and, that (ii) the City will meet its expenditure obligations for the next six months. The CFO shall maintain a complete and timely record of all investment transactions in support of the above statement.

19.0 INTERNAL CONTROLS

The CFO is responsible for establishing and maintaining a control structure designed to ensure that the assets of the City are protected from loss, theft, or misuse. The internal control structure shall be designed to provide reasonable assurance that these objectiv es are met. The concept of reasonable assurance recognizes that (1) the cost of a control should not exceed the benefits likely to be derived and (2) the valuation and benefits require estimates and judgments by management.

An annual independent review, or as needed to address recommended changes, by an external auditor to assure compliance with policies and procedures will be performed as part of the City’s annual audit.

20.0 PERFORMANCE STANDARDS

The investment portfolio shall be designed with the objective of obtaining a market rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs. To determine whether market rate of return is being achieved, the CFO shall identify comparable benchmark(s) to the portfolio investment duration, (e.g., 90-day US Treasury Bill, 6- month US Treasury Bill, average LAIF yield rate).

If the City has contracted with an investment advisor to provide investment service, the investment performance of the managed funds shall be evaluated and compared to an appropriate benchmark to assess the success of the investment program relative to the City’s safety, liquidity, and return objectives.

This comparative analysis is included in the investment report presen ted to the City Council quarterly.

21.0 POLICY REVIEW

This Investment Policy shall be reviewed regularly to ensure its consistency with the overall objectives of preservation of principal, liquidity, and return and its relevance to current law and financial and economic trends. The City Council shall be responsible for maintaining guidance over this Investment Policy to ensure that the City can adapt readily to changing market conditions and approve any modification to the Investment Policy prior to implementation.

23 22.0 STATE LAW

It is the policy of the City to comply with the State laws governing its investments.

23.0 INVESTMENT POLICY ADOPTION

The Investment Policy shall be adopted by resolution of the City Council of the City of Oxnard. Moreover, the Policy shall be reviewed whenever there are recommended changes or annually, whichever occurs first, and modifications must be approved by the City Council. 24 APPENDIX: GLOSSARY OF CASH MANAGEMENT & INVESTMENT TERMS BOND PROCEEDS:

The money paid to the issuer by the purchaser or underwriter of a new issue of municipal securities. These monies are used to finance the project or purpose for which the securities were issued and to pay certain costs of issuance as may be provided in the bond contract.

BROKER:

A broker acts as an intermediary between a buyer and seller for a commission and does not trade for his/her own risk and account or inventory.

CERTIFICATE OF DEPOSIT (CD):

A time deposit with a specific maturity evidenced by a
certificate.

CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY
SYSTEM (CDARS):

A private CD placement service that allows local agencies to purchase more than $250,000 in CDs from a single financial institution (must be a participating institution of CDARS) while still maintaining FDIC insurance coverage. CDARS is currently the only entity providing this service. CDARS facilitates the trading of deposits between the California institution and other participating institutions in amounts that are less than $250,000 each, so that FDIC coverage is maintained.

COLLATERAL:

Securities, evidence of deposit or other property, which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies.

COMMERCIAL PAPER:

A short-term, unsecured, promissory note with a fixed maturity of no more than 270 days. By statute, these issues are exempt from registration with the U.S. Securities and Exchange Commission.

CREDIT RISK:

The risk to an investor that an issuer will default in the payment of interest and/or principal on a security and a loss will result.

CUSTODIAN:

A bank or other financial institution that keeps custody of stock certificates and other assets.

DEALER:

A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own risk and account or inventory.

DELIVERY OF SECURITIES:

There are two methods of delivery of securities;
Delivery versus Payment and Delivery versus Receip t.

Delivery versus payment is delivery of securities with
an exchange of money for the securities. Delivery
versus receipt is delivery of securities with an
exchange of signed receipt for the securities.

DIVERSIFICATION:

Dividing investment funds among a variety of securities offering independent returns.

DURATION:

A measure of the timing of the cash flows to be received from a given -fixed income security. This calculation is based on three variables: term to maturity, coupon rate, and yield to maturity. The duration of a security is a
useful indicator of its price volatility for given changes in interest rates.

FEDERAL DEPOSIT INSURANCE CORPORATION
(FDIC): A
federal agency that insures bank deposits.

FINANCIAL INDUSTRY REGULATORY AUTHORITY
(FINRA):

The Financial Industry Regulatory Authority (FINRA) is
the largest independent regulator for all securities
firms doing business in the United States. All told,
FINRA oversees over 4,200 brokerage firms, about
162,000 branch offices and approximately 634,000
registered securities representatives.

INTEREST ONLY STRIPS:

The interest portion of a Treasury note or bond that
has been stripped of its principal component through
the commercial book-entry system.

INTEREST RATE RISK:

The risk of gain or loss in market values of securities due to changes in interest -rate levels. For example, rising interest rates will cause the market value of portfolio securities to decline.

INVERSE FLOATER:

Fixed income instruments whose coupon or interest rate
is periodically reset according to a short-term rate index such as LIBOR, or prime rate. Unlike the traditional
floating rate instrument, however, the inverse floater’s rate is set equal to a fixed rate minus the short-term rate index.

INVESTMENT POLICY:

A clear and concise statement of the objectives and
parameters formulated by an investor or investment
manager for a portfolio of investment securities.
25 INVESTMENT PORTFOLIO:

A collection of securities held by a bank, individual, institution, or government agency for investment purposes.

LIQUIDITY:

The measure of an asset’s ability to be converted easily and rapidly into cash with minimum risk on principal.

LOCAL AGENCY INVESTMENT FUND (LAIF):

An investment pool managed by the California State Treasurer.

Local government units, with consent of the governing body of that agency, may voluntarily deposit surplus funds for
investment. Interest earned is distributed by the State Controller to the participating governmental agencies on a quarterly basis.

MARKET VALUE:

The price at which a security is currently being sold in the market.

See FAIR VALUE.

MASTER REPURCHASE AGREEMENT:

A written contract covering all future transactions between the parties to repurchase agreements and reverse repurchase agreements that establish each party’s rights in the
transactions. A master agreement will often specify, among other things, the right of the buyer -lender to liquidate the underlying securities in the event of default by the seller - borrower.

MATURITY:

The date that the principal or stated value of a debt instrument becomes due and payable.

MEDIUM-TERM NOTES (MTNs):

Corporate notes, having any or of the features of corporate bonds and ranging in maturity from nine months out to thirty years. The difference between corporate bonds and MTNs is that corporate bonds are underwritten.

NATIONALLY RECOGNIZED STATISTICAL RATING
ORGANIZATION (NRSRO):

A rating organization designated by the SEC as being nationally recognized, such as Moody's Investor Service, Inc.(Moody’s), Standard & Poor’s (S&P), and Fitch Ratings (Fitch).

NEGOTIABLE CERTIFICATES OF DEPOSIT:

Time deposits issued by Federal Deposit Insurance
Corporation (FDIC) insured banks and are underwritten by the Financial Industry Regulatory Authority (FINRA) registered Broker/Dealers. Also known as “DTC Eligible CDs” or
“Brokered Deposits”, this type o f deposit is offered to investors by issuing institutions looking to raise liquidity and funding through the wholesale and institutional markets.

PAR VALUE:

The amount of principal that must be paid at maturity.

Also referred to as the face amount of a bond, normally quoted in increments of $1,000 per bond.

PRIMARY DEALER:

A group of government securities dealers who submit
daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Securities and Exchange Commission
(SEC)- registered securities broker/dealers, banks and a few unregulated firms.

PRINCIPAL:

The face or par value of a debt instrument or the amount of capital invested in a security.

PRUDENT INVESTMENT STANDARD:

The way a prudent person of discretion and intelligence would be expected to manage the investment program in
seeking a reasonable income and preservation of capital.

RANGE NOTES:

Securities that accrue interest during an interest period at a fixed or variable rate if a specified index is within a specified range during a designated period or at a point in time. A Range Note may not bear interest if the specified index is outside the specified range.

RATE OF RETURN:
1) The yield which can be attained on a security based
on its purchase price or its current market price.
2) Income earned on an investment, expressed
as a percentage of the cost of the
investment.

REPURCHASE AGREEMENT (RP OR REPO):

A holder of securities (e.g. investment dealer) sells
these securities to an investor (e.g. the City) with an agreement to repurchase them at a fixed date. The
security “buyer” (e.g. the City) in effect lends the
“seller” money for the period of the agreement, and the terms of the agreement are structured to compensate
the “buyer” for this. Dealers use RP extensively to
finance their positions. Exception: When the Fed is said to be doing RP, it is lending money that is increasing bank reserves.

REVERSE REPURCHASE AGREEMENT
(REVERSE REPO):

A counter party (e.g. investment dealer) buys the
securities from the holder of securities (e.g. the City) with an agreement to sell them back at a fixed date.

The count er party in effect lends the seller (e.g. the City) money for the period of the agreement with terms
of the agreement structured to compensate the buyer.
26 SAFEKEEPING:

A service banks offer to clients for a fee, where physical securities are held in the bank’s vault for protection and book - entry securities are on record with the Federal Reserve Bank or Depository Trust Company in the bank’s name for the benefit of the client. As agent for the client, the safekeeping bank settle s securities transactions, collects coupon payments, and redeems securities at maturity or, if called, on the call date.

SECURITIES:

Investment instruments such as notes, bonds, stocks, money market instruments and other instruments of indebtedness of equity.

SECURITIES AND EXCHANGE COMMISSION (SEC):

Agency created by Congress to protect investors in securities transactions by administering securities legislation.

SECONDARY MARKET:

A market for the repurchase and resale of outstanding issues following the initial distribution.

SUPRANATIONALS:

International organizations whereby member states
transcend national boundaries or interests to share in
the decision -making process and vote on issues
pertaining to the wider grouping.

TOTAL RETURN:

Total return , when measuring performance, is the
actual rate of return of an investment or a pool of
investments over a given evaluation period. Total
return includes interest, capital gains, dividends and
distributions realized over a given period.

TREASURY SECURITIES:

Securities issued as direct obligations of the U.S.

Government and backed by the full faith and credit of
the federal government.

WEIGHTED AVERAGE MATURITY (WAM):

The average maturity of all the securities that
comprise a portfolio, typically expressed in days of
years.

YIELD:

The annual rate of return on an investment expressed
as a percentage of the investment. Income yield is
obtained by dividing the current dollar income by the
current market price for the security.
27 Exhibit A

City of Oxnard

OFFICE OF THE CHIEF FINANCIAL OFFICER

INVESTMENT ADVISOR

● NONE
28 Exhibit B

City of Oxnard

OFFICE OF THE CHIEF FINANCIAL OFFICER
Authorized Brokers/Dealers

The following Broker/Dealers are authorized in accordance with the City’s Investment Policy:

1. Alamo Capital

2. Multi-Bank Securities

3. Piper Sandler

4. Robert Baird

5. Stifel

6. Union Banc

7. Wells Fargo

8. Falcon Square

9. Federated Hermes

10. Mischler Financial Group

11. Zion

12. Great Pacific Securities

13. Oppenheimer
29 30

CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO. ________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

OXNARD DELEGATING INVESTMENT AUTHORITY TO THE
CITY’S CHIEF FINANCIAL OFFICER FOR A ONE-YEAR PERIOD
WHEREAS, on September 15, 1992, the City Council adopted Resolution No. 10,455, delegating to the City Treasurer the authority to invest and reinvest City funds; and WHEREAS, effective January 1, 1997, Government Code section 53607 was amended to provide the authority of the City Council to invest or to reinvest City funds, or to sell or exchange securities so purchased, may be delegated for a one-year period to the City Treasurer by the Council; and WHEREAS, Government Code sections 37103 and 53060 authorize the City Council to contract with and employ any person specially trained, experienced and competent, for special services and advice in financial, economic, accounting, engineering, legal, or administrative matters; and WHEREAS, it is the intention of the City Council to delegate such authority to the City Chief Financial Officer.

NOW, THEREFORE, the City Council of the City of Oxnard resolves as follows:

1. The City Chief Financial Officer is hereby delegated the authority to invest and to reinvest City surplus funds, and to sell and exchange securities so purchased, for a one-year period, in accordance with the City’s adopted Investment Policy.

2. Resolution No. 15,817 is hereby repealed.

PASS AND ADOPTED this 17th day of June, 2025 by the following vote AYES:

NOES:

ABSTAIN:

ABSENT:

Luis McArthur, Mayor
ATTEST
Luly Lopez, City Clerk

APPROVED AS TO FORM
Stephen M. Fischer, City Attorney
31 City of Oxnard
Annual Investment Policy and
Annual Delegation of
Investment Authority
May 27, 2025
Presented by:

Javier Chagoyen-Lazaro, City of
Oxnard
Chief Financial Officer
32 Recommendation 2
That Finance and Governance Committee recommends that The City Council:

1. Adopt a resolution adopting FY 2025-26 Investment Policy for the City of Oxnard, and

2. Adopt a resolution delegating investment authority to the City Chief Financial Officer.
33 • California Government Code Section 53646 and the
City’s adopted Investment Policy call for annual review and adoption of investment policy by the City Council.
• California Government Code Section 53607
establishes that the City Council may delegate its
authority to invest City funds for a one-year period to the City Treasurer.
• The City Council delegated the investment authority to the Chief Financial Officer for Fiscal Year 2024-25 to
address compliance with California Government Code
and the City’s investment policy.

Background 3
34 • City’s Investment Policy provides the
guidelines for the prudent investment of the
City’s funds
• Changes in the proposed Investment Policy:
• Minor typographic changes.

Discussion 5
35 • Delegation of Investment Authority to
the City Chief Financial Officer
• Regular monitoring of portfolio compliance with
Investment Policy
• Comply with reporting requirements of the California
Government Code
• Provide transparency on investment activities, through monthly reports to City Council.

Discussion 6
36 Recommendation 7
That Finance and Governance Committee recommends that The City Council:

1. Adopt a resolution adopting FY 2025-26 Investment Policy for the City of Oxnard, and

2. Adopt a resolution delegating investment authority to the City Chief Financial Officer.
37 8
Questions /
Discussion
38 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.2

DATE: May 27, 2025

TO: Finance & Governance Committee

FROM: Michael Wolfe, Public Works Director, (805) 385-8055, [email protected]

SUBJECT: Fiscal Year (FY) 2025-26 Resolution to Levy Assessments in the Waterways Maintenance District. (10 minutes)

RECOMMENDATION

That the Finance and Governance Committee recommend that the City Council, acting as the legislative body for the Waterways Maintenance District:

1. Hold a public hearing regarding proposed assessments for the Waterways Maintenance District for Fiscal Year 2025-26, and

2. Adopt a resolution to levy the maintenance assessment on property within the Waterways Maintenance District for Fiscal Year 2025-26.

Please click the following link to view the required Measure M pre-recorded presentation video: https://youtu.be/ArzSTPDag44

BACKGROUND

Special Districts is a Division of the Public Works Department and manages a total of 50 special financing districts, including the Waterways Maintenance District (the “District”). On June 16, 1970, the City formed the District pursuant to the maintenance district provisions of the Improvement Act of 1911 (Streets and Highways Code Section 5820 et seq.). The District was formed at the request of the owner (developer) of the property included within the District to finance the capital costs and maintenance and operation expenses for the sidewalks, streets, water, flood control, drainage systems, vector control, landscaping, parking areas, and fences.

DISCUSSION

Each year, prior to levying the assessment on the property tax rolls, the City Council is required to review the estimated costs of maintaining and operating the improvements within the District, to decide whether the costs of such maintenance and operations shall be borne wholly or partially by the District. Only after conducting a Public Hearing to receive public input, can the City Council consider making a decision to levy the assessments in an amount sufficient to raise the money to pay for such costs within the District. As this district was levied at its maximum rate in FY 2024-25, the assessment is not proposed to change for FY 2025-26. The proposed assessments for Fiscal Year 2025-26 (FY 2025-26) are identified below:

39 FY 2025-26
Waterways Maintenance
District Maximum
Rate
Applied
Rate
Qualified Elector Approved Annual
Adjustment
Projected Assessment
Revenue1
Zone 1 (Mandalay Bay) $444,258.00 $444,258.00 N/A $444,258.00 Zone 2 (Harbour Island) $47,949.00 $47,949.00 N/A $47,949.00 1 Subject to change depending on Ventura County's final assessment roll

The deadline to deliver the assessment information to Ventura County for inclusion on the FY 2025-26 property tax roll is July 7, 2025.

STRATEGIC PRIORITIES

This agenda item is a routine operational item or does not relate to the five strategic priorities adopted by City Council on March 16, 2021.

FINANCIAL IMPACT

Property owners pay the assessments as a part of their annual property tax bill. The assessment, including inflationary adjustments where applicable, has been approved by the property owners through prior proceedings. Funds received for the benefit of the District are restricted and can only be used to fund the services of the District. There is no impact to the General Fund. The District’s projected maintenance costs for FY 2025-26 are outlined below:

Projected FY 2025-26 Expenses
Waterways Zone 1 (Mandalay Bay) $ 445,822.00
Waterways Zone 2 (Harbour Island) $ 63,571.00
Total $ 509,393.00
Assessment Revenues1
Zone 1 (Mandalay Bay) $ 444,258.00
Zone 2 (Harbour Island) $ 47,949.00
Total $ 492,207.00
Projected Revenue vs Expenses2 ($17,186)
1 allocated based on parcel count; allocated based on % split of costs at time of District formation 2 Expenses that exceed revenues are funded by other sources such as Zone fund balance, donations, or interest income

Prepared by: Steve Howlett, Assistant Public Works Director, Anthony Miller, Special Districts Manager

ATTACHMENTS

1. Resolution Approving Levy Waterways FY 2025-26

2. Oxnard Waterways Assessment Roll FY 2025-26

3. City of Oxnard Special Districts Map

4. City of Oxnard Special Districts List

5. Presentation

40 CITY COUNCIL OF THE CITY OF OXNARD
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OXNARD LEVYING MAINTENANCE ASSESSMENTS FOR FISCAL YEAR 2025-26 ON REAL PROPERTY IN

THE WATERWAYS MAINTENANCE DISTRICT
WHEREAS, by Resolution No. 5144, adopted June 16, 1970, the City Council formed the Waterways Maintenance District (“District”) pursuant to Chapter 26 of Part 3 of the Improvement Act of 1911 (Streets and Highways Code Section 5820 et seq.); and WHEREAS, in 1971, 1987, and 1993, the City Council annexed territory to the District; and WHEREAS, as required by Streets and Highways Code Section 5830, the City Council annually fixes the rate of the maintenance assessment levied in connection with the District; and WHEREAS, the City Council desires to fix the rate for the maintenance assessment for Fiscal Year 2025-26 at the same rate as it was levied in Fiscal Year 2024-25; and WHEREAS, the City Council desires that the maintenance assessments for Fiscal Year 2024-25 be levied and collected on the Ventura County property tax bill.

NOW, THEREFORE, the City Council of the City of Oxnard resolves:

1. The budget for Fiscal Year 2024-25 for the Waterways Maintenance District is hereby approved as follows:

Landscape and Waterways Maintenance $380,206
Overhead, City Staff and Consulting Services $127,487
County Collection Fee $1,700
$509,393

2. The costs outlined in Section 1 up to the maximum permissible assessment amount of $492,207 shall be borne by the District; the remainder shall be borne by the Improvement Fund of the District or other funds made available to the District.

3. The rate of the maintenance assessment necessary to raise $492,207 for the fiscal year beginning July 1, 2025 is hereby fixed as set forth in the Assessment Roll attached hereto as Exhibit A and said maintenance assessment is hereby levied.

4. The City Council directs that staff take such actions as are necessary to cause the assessment to be collected on the property tax bill by the County of Ventura. 41 Resolution No.

Fiscal Year 2025-26 Special Tax for Waterway Maintenance District

Page 2 ends

5. The City Clerk is instructed to cause this resolution to be published one time in a newspaper of general circulation within the City within 15 days after adoption.

6. In accordance with Government Code Section 53901, the City Clerk is instructed to file with the Ventura County Auditor within 60 days from July 1, 2025, a certified copy of this resolution.

PASSED AND ADOPTED THIS ___ day of June 2025, by the following vote:

AYES:

NOES:

ABSENT:

Fiscal Year 2025-26 Special Tax for Waterway Maintenance District

Page 3 ends

EXHIBIT A
ASSESSMENT ROLL FOR FY 2025-26
(SPACE PURPOSELY LEFT BLANK)
43 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-011-015 3900 W HEMLOCK ST Mandalay Bay $657.32
188-0-011-025 3904 W HEMLOCK AVE Mandalay Bay 634.64
188-0-011-035 3910 W HEMLOCK ST Mandalay Bay 634.64
188-0-011-045 3920 W HEMLOCK ST Mandalay Bay 679.98
188-0-011-055 3930 W HEMLOCK ST Mandalay Bay 679.98
188-0-012-015 3866 W HEMLOCK ST Mandalay Bay 657.32
188-0-012-025 3860 W HEMLOCK ST Mandalay Bay 634.64
188-0-012-035 Mandalay Bay 657.32
188-0-012-045 3840 W HEMLOCK ST Mandalay Bay 679.98
188-0-012-055 3830 W HEMLOCK ST Mandalay Bay 679.98
188-0-012-065 3820 W HEMLOCK AVE Mandalay Bay 679.98
188-0-012-075 3810 W HEMLOCK ST Mandalay Bay 657.32
188-0-012-085 3804 W HEMLOCK ST Mandalay Bay 657.32
188-0-013-015 2015 VICTORIA AVE Mandalay Bay 725.30
188-0-013-025 2025 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-035 2035 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-045 2045 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-055 2051 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-065 2055 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-115 2141 VICTORIA AVE Mandalay Bay 725.30
188-0-013-125 Mandalay Bay 725.30
188-0-013-135 2161 S VICTORIA AVE Mandalay Bay 725.30
188-0-013-145 2201 S VICTORIA AVE Mandalay Bay 725.30
188-0-013-155 2205 S VICTORIA AVE Mandalay Bay 725.30
188-0-013-205 2101 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-215 2111 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-225 2121 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-235 2131 VICTORIA AVE Mandalay Bay 679.98
188-0-013-245 2211 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-255 2221 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-265 2231 S VICTORIA AVE Mandalay Bay 679.98
188-0-013-275 2241 S VICTORIA AVE Mandalay Bay 679.98
188-0-014-015 Mandalay Bay 770.64
188-0-014-025 2221 S MONACO DR Mandalay Bay 1,014.50
188-0-014-035 2215 MONACO DR Mandalay Bay 815.98
188-0-014-045 2211 S MONACO DR Mandalay Bay 793.30
188-0-014-055 2204 MONACO Mandalay Bay 793.30
188-0-014-065 2214 MONACO DR Mandalay Bay 793.30
188-0-014-075 2220 MONACO DR Mandalay Bay 1,019.96
188-0-014-085 2230 MONACO DR Mandalay Bay 725.30
188-0-015-015 2015 S NAPOLI Mandalay Bay 725.30
188-0-015-025 2025 NAPOLI DR Mandalay Bay 679.98
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 1 of 21 04/24/2025 06:08:33AM 44 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-015-035 2035 NAPOLI DR Mandalay Bay 679.98
188-0-015-045 2045 NAPOLI DR Mandalay Bay 679.98
188-0-015-055 2101 S NAPOLI DR Mandalay Bay 679.98
188-0-015-065 2111 NAPOLI DR Mandalay Bay 679.98
188-0-015-075 Mandalay Bay 725.30
188-0-015-085 Mandalay Bay 1,019.96
188-0-015-095 2135 NAPOLI DR Mandalay Bay 793.30
188-0-015-105 2141 NAPOLI DR Mandalay Bay 815.98
188-0-015-115 2150 NAPOLI Mandalay Bay 793.30
188-0-015-125 2140 NAPOLI DR Mandalay Bay 793.30
188-0-015-135 2130 S NAPOLI DR Mandalay Bay 1,019.96
188-0-015-145 2120 NAPOLI DR Mandalay Bay 725.30
188-0-015-155 2110 NAPOLI DR Mandalay Bay 679.98
188-0-015-165 2100 NAPOLI DR Mandalay Bay 679.98
188-0-015-175 2044 NAPOLI DR Mandalay Bay 679.98
188-0-015-185 2034 NAPOLI DR Mandalay Bay 679.98
188-0-015-195 2024 NAPOLI DR Mandalay Bay 679.98
188-0-015-205 2014 NAPOLI DR Mandalay Bay 725.30
188-0-021-015 2241 MONACO DR Mandalay Bay 702.64
188-0-021-025 2251 MONACO DR Mandalay Bay 702.64
188-0-021-035 2261 MONACO DR Mandalay Bay 702.64
188-0-021-045 2301 MONACO Mandalay Bay 702.64
188-0-021-105 2351 S MONACO DR Mandalay Bay 702.64
188-0-021-115 2361 MONACO DR Mandalay Bay 725.30
188-0-021-125 2401 MONACO DR Mandalay Bay 702.64
188-0-021-135 2411 MONACO DR Mandalay Bay 702.64
188-0-021-145 2421 MONACO DR Mandalay Bay 702.64
188-0-021-155 2431 MONACO DR Mandalay Bay 702.64
188-0-021-165 2441 S MONACO DR Mandalay Bay 702.64
188-0-021-175 2451 MONACO DR Mandalay Bay 702.64
188-0-021-185 2501 MONACO DR Mandalay Bay 702.64
188-0-021-195 2511 MONACO DR Mandalay Bay 725.30
188-0-021-205 2521 MONACO DR Mandalay Bay 793.30
188-0-021-245 2544 MONACO DR Mandalay Bay 702.64
188-0-021-255 2534 MONACO DR Mandalay Bay 929.30
188-0-021-265 2524 MONACO DR Mandalay Bay 725.30
188-0-021-275 2514 MONACO DR Mandalay Bay 702.64
188-0-021-285 2504 MONACO DR Mandalay Bay 702.64
188-0-021-295 2454 MONACO DR Mandalay Bay 679.98
188-0-021-305 2444 MONACO DR Mandalay Bay 702.64
188-0-021-315 2434 MONACO DR Mandalay Bay 679.98
188-0-021-325 2424 S MONACO DR Mandalay Bay 770.64
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 2 of 21 04/24/2025 06:08:33AM 45 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-021-335 2414 S MONACO DR Mandalay Bay 770.64
188-0-021-345 2404 MONACO DR Mandalay Bay 679.98
188-0-021-355 2531 MONACO DR Mandalay Bay 272.00
188-0-021-365 2531 MONACO DR Mandalay Bay 634.64
188-0-021-375 2541 MONACO DR Mandalay Bay 272.00
188-0-021-385 2541 MONACO DR Mandalay Bay 430.66
188-0-021-395 2550 MONACO DR Mandalay Bay 611.98
188-0-021-405 2550 MONACO DR Mandalay Bay 90.66
188-0-021-435 2305 MONACO DR Mandalay Bay 861.30
188-0-021-475 2341 S MONACO DR Mandalay Bay 702.64
188-0-021-485 2321 MONACO DR Mandalay Bay 1,019.96
188-0-022-015 2240 MONACO DR Mandalay Bay 702.64
188-0-022-025 2250 MONACO DR Mandalay Bay 679.98
188-0-022-035 2260 MONACO DR Mandalay Bay 679.98
188-0-022-045 2300 MONACO DR Mandalay Bay 679.98
188-0-022-055 2304 MONACO DR Mandalay Bay 679.98
188-0-022-065 2310 S MONACO DR Mandalay Bay 679.98
188-0-022-075 2320 MONACO DR Mandalay Bay 679.98
188-0-022-085 2330 MONACO DR Mandalay Bay 679.98
188-0-022-095 2340 MONACO DR Mandalay Bay 679.98
188-0-022-105 2350 MONACO DR Mandalay Bay 702.64
188-0-023-015 2251 VICTORIA AVE Mandalay Bay 679.98
188-0-023-025 2255 S VICTORIA AVE Mandalay Bay 702.64
188-0-023-035 2261 VICTORIA AVE Mandalay Bay 679.98
188-0-023-045 2301 S VICTORIA AVE Mandalay Bay 702.64
188-0-023-055 2305 VICTORIA AVE Mandalay Bay 679.98
188-0-023-065 2311 VICTORIA AVE Mandalay Bay 679.98
188-0-023-075 2321 S VICTORIA AVE Mandalay Bay 679.98
188-0-023-085 2331 S VICTORIA AVE Mandalay Bay 702.64
188-0-023-095 2341 S VICTORIA AVE Mandalay Bay 702.64
188-0-023-105 2351 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-015 2401 VICTORIA Mandalay Bay 679.98
188-0-024-025 2411 VICTORIA Mandalay Bay 702.64
188-0-024-035 2421 S VICTORIA AVE Mandalay Bay 679.98
188-0-024-045 2431 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-055 2441 VICTORIA AVE Mandalay Bay 679.98
188-0-024-065 2451 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-075 2501 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-085 2511 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-095 2521 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-105 2531 S VICTORIA AVE Mandalay Bay 702.64
188-0-024-115 2541 S VICTORIA AVE Mandalay Bay 679.98
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 3 of 21 04/24/2025 06:08:33AM 46 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-024-125 2551 VICTORIA AVE Mandalay Bay 702.64
188-0-024-135 2561 S VICTORIA AVE Mandalay Bay 702.64
188-0-031-025 2320 PENINSULA RD Mandalay Bay 697.98
188-0-031-035 2330 PENINSULA RD Mandalay Bay 634.64
188-0-031-045 2340 PENINSULA Mandalay Bay 634.64
188-0-031-055 Mandalay Bay 634.64
188-0-032-015 4045 ISCHIA Mandalay Bay 725.30
188-0-032-025 4041 ISCHIA DR Mandalay Bay 679.98
188-0-032-035 4035 ISCHIA DR Mandalay Bay 679.98
188-0-032-045 4031 ISCHIA DR Mandalay Bay 679.98
188-0-032-055 4025 ISCHIA DR Mandalay Bay 702.64
188-0-032-065 4021 ISCHIA DR Mandalay Bay 725.30
188-0-032-075 Mandalay Bay 951.96
188-0-032-085 4005 ISCHIA DR Mandalay Bay 725.30
188-0-032-095 4000 W ISCHIA DR Mandalay Bay 725.30
188-0-032-105 4010 ISCHIA DR Mandalay Bay 725.30
188-0-032-115 4014 ISCHIA DR Mandalay Bay 951.96
188-0-032-125 4020 ISCHIA DR Mandalay Bay 725.30
188-0-032-135 4024 ISCHIA DR Mandalay Bay 725.30
188-0-032-145 4030 ISCHIA DR Mandalay Bay 679.98
188-0-032-155 4034 ISCHIA DR Mandalay Bay 679.98
188-0-032-165 4040 ISCHIA DR Mandalay Bay 679.98
188-0-032-175 4044 ISCHIA DR Mandalay Bay 725.30
188-0-033-015 2400 PENINSULA RD Mandalay Bay 634.64
188-0-033-025 2410 PENINSULA RD Mandalay Bay 634.64
188-0-033-035 2420 PENINSULA RD Mandalay Bay 634.64
188-0-033-045 2430 PENINSULA RD Mandalay Bay 679.98
188-0-033-055 2440 PENINSULA RD Mandalay Bay 679.98
188-0-033-065 2500 PENINSULA RD Mandalay Bay 679.98
188-0-033-075 2510 PENINSULA RD Mandalay Bay 679.98
188-0-033-085 2520 S PENINSULA RD Mandalay Bay 679.98
188-0-033-095 4047 NICE CT Mandalay Bay 679.98
188-0-034-015 2331 S PENINSULA RD Mandalay Bay 702.64
188-0-034-025 2341 S PENINSULA RD Mandalay Bay 702.64
188-0-034-035 2355 PENINSULA RD Mandalay Bay 702.64
188-0-034-045 2401 PENINSULA RD Mandalay Bay 702.64
188-0-034-055 2411 PENINSULA RD Mandalay Bay 702.64
188-0-034-065 2421 PENINSULA RD Mandalay Bay 725.30
188-0-034-075 2431 PENINSULA RD Mandalay Bay 725.30
188-0-034-085 2441 PENINSULA RD Mandalay Bay 747.98
188-0-034-095 2501 PENINSULA RD Mandalay Bay 725.30
188-0-034-105 2511 PENINSULA RD Mandalay Bay 725.30
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 4 of 21 04/24/2025 06:08:33AM 47 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-034-115 2521 S PENINSULA RD Mandalay Bay 702.64
188-0-034-125 2525 S PENINSULA DR Mandalay Bay 770.64
188-0-035-015 4101 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-025 4105 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-035 4111 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-055 4121 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-065 4125 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-075 4131 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-085 4135 W CHANNEL ISLANDS BLVD Mandalay Bay 453.32 188-0-035-095 4141 W CHANNEL ISLANDS BLVD Mandalay Bay 521.32 188-0-036-015 4041 NICE CT Mandalay Bay 725.30
188-0-036-025 4035 NICE CT Mandalay Bay 679.98
188-0-036-035 Mandalay Bay 679.98
188-0-036-045 Mandalay Bay 702.64
188-0-036-055 4021 NICE CT Mandalay Bay 725.30
188-0-036-065 4015 NICE CT Mandalay Bay 951.96
188-0-036-075 4005 NICE CT Mandalay Bay 725.30
188-0-036-085 4000 NICE CT Mandalay Bay 725.30
188-0-036-095 4010 NICE CT Mandalay Bay 725.30
188-0-036-105 Mandalay Bay 294.66
188-0-036-115 Mandalay Bay 657.32
188-0-036-125 4020 W NICE CT Mandalay Bay 362.66
188-0-036-135 4020 W NICE CT Mandalay Bay 362.66
188-0-036-145 4024 NICE CT Mandalay Bay 339.98
188-0-036-155 4024 NICE CT Mandalay Bay 362.66
188-0-036-165 4030 NICE CT Mandalay Bay 362.66
188-0-036-175 Mandalay Bay 362.66
188-0-037-015 2540 PENINSULA RD Mandalay Bay 566.64
188-0-037-025 2540 PENINSULA RD Mandalay Bay 136.00
188-0-037-035 2544 PENINSULA RD Mandalay Bay 702.64
188-0-037-045 2550 PENINSULA RD Mandalay Bay 702.64
188-0-037-055 2560 PENINSULA RD Mandalay Bay 702.64
188-0-041-015 2000 PENINSULA RD Mandalay Bay 634.64
188-0-041-025 4050 W HEMLOCK ST Mandalay Bay 634.64
188-0-041-035 4040 W HEMLOCK ST Mandalay Bay 634.64
188-0-041-045 4030 W HEMLOCK ST Mandalay Bay 679.98
188-0-041-055 4020 W HEMLOCK ST Mandalay Bay 679.98
188-0-041-065 4010 W HEMLOCK ST Mandalay Bay 634.64
188-0-041-075 4004 W HEMLOCK DR Mandalay Bay 634.64
188-0-041-085 4000 W HEMLOCK ST Mandalay Bay 634.64
188-0-042-015 3966 W HEMLOCK ST Mandalay Bay 634.64
188-0-042-025 3960 W HEMLOCK ST Mandalay Bay 634.64
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 5 of 21 04/24/2025 06:08:33AM 48 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-042-035 3950 W HEMLOCK ST Mandalay Bay 634.64
188-0-042-045 3940 W HEMLOCK ST Mandalay Bay 679.98
188-0-043-015 2015 S RAVOLI DR Mandalay Bay 725.30
188-0-043-025 2025 RAVOLI DR Mandalay Bay 679.98
188-0-043-035 2035 S RAVOLI DR Mandalay Bay 679.98
188-0-043-045 2045 RAVOLI DR Mandalay Bay 679.98
188-0-043-055 2101 RAVOLI DR Mandalay Bay 679.98
188-0-043-065 2111 RAVOLI DR Mandalay Bay 679.98
188-0-043-075 2121 S RAVOLI DR Mandalay Bay 725.30
188-0-043-085 2131 RAVOLI DR Mandalay Bay 1,019.96
188-0-043-095 2135 RAVOLI DR Mandalay Bay 793.30
188-0-043-105 2141 RAVOLI DR Mandalay Bay 793.30
188-0-043-115 2150 RAVOLI DR Mandalay Bay 793.30
188-0-043-125 2140 RAVOLI DR Mandalay Bay 815.98
188-0-043-135 2130 S RAVOLI DR Mandalay Bay 1,019.96
188-0-043-145 BLANK PURSUANT GC6254.21 Mandalay Bay 725.30 188-0-043-155 2110 RAVOLI DR Mandalay Bay 679.98
188-0-043-165 Mandalay Bay 679.98
188-0-043-175 Mandalay Bay 679.98
188-0-043-185 2034 RAVOLI DR Mandalay Bay 679.98
188-0-043-195 2024 S RAVOLI DR Mandalay Bay 679.98
188-0-043-205 2014 S RAVOLI DR Mandalay Bay 725.30
188-0-044-015 2014 PENINSULA RD Mandalay Bay 725.30
188-0-044-025 2024 PENINSULA RD Mandalay Bay 679.98
188-0-044-035 2034 PENINSULA RD Mandalay Bay 679.98
188-0-044-045 2044 PENINSULA RD Mandalay Bay 679.98
188-0-044-055 2100 PENINSULA RD Mandalay Bay 679.98
188-0-044-065 2110 PENINSULA RD Mandalay Bay 679.98
188-0-044-075 2120 PENINSULA RD Mandalay Bay 725.30
188-0-044-085 2130 PENINSULA RD Mandalay Bay 1,019.96
188-0-044-095 2140 PENINSULA RD Mandalay Bay 725.30
188-0-044-105 2150 PENINSULA RD Mandalay Bay 725.30
188-0-044-115 2155 PENINSULA RD Mandalay Bay 725.30
188-0-044-125 2141 PENINSULA RD Mandalay Bay 725.30
188-0-044-135 2141 PENINSULA RD Mandalay Bay 1,019.96
188-0-044-145 Mandalay Bay 770.64
188-0-044-155 2111 S PENINSULA RD Mandalay Bay 702.64
188-0-044-165 2101 PENINSULA RD Mandalay Bay 702.64
188-0-044-175 2061 PENINSULA RD Mandalay Bay 702.64
188-0-044-185 2051 PENINSULA RD Mandalay Bay 702.64
188-0-044-195 2041 PENINSULA RD Mandalay Bay 702.64
188-0-044-205 2031 PENINSULA RD Mandalay Bay 725.30
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 6 of 21 04/24/2025 06:08:33AM 49 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-044-215 2021 PENINSULA RD Mandalay Bay 634.64
188-0-044-225 2011 PENINSULA RD Mandalay Bay 634.64
188-0-044-235 Mandalay Bay 634.64
188-0-045-015 4101 W ROMANY DR Mandalay Bay 725.30
188-0-045-025 4065 W ROMANY DR Mandalay Bay 725.30
188-0-045-035 4061 ROMANY DR Mandalay Bay 725.30
188-0-045-045 4051 ROMANY DR Mandalay Bay 725.30
188-0-045-055 4045 ROMANY DR Mandalay Bay 747.98
188-0-045-065 4041 ROMANY DR Mandalay Bay 725.30
188-0-045-075 4035 ROMANY DR Mandalay Bay 725.30
188-0-045-085 4031 ROMANY DR Mandalay Bay 725.30
188-0-045-095 Mandalay Bay 838.64
188-0-045-105 4021 ROMANY DR Mandalay Bay 1,019.96
188-0-045-115 4011 ROMANY DR Mandalay Bay 725.30
188-0-045-125 4005 ROMANY DR Mandalay Bay 725.30
188-0-045-135 4000 ROMANY DR Mandalay Bay 747.98
188-0-045-145 4010 W ROMANY DR Mandalay Bay 725.30
188-0-045-155 4020 ROMANY DR Mandalay Bay 951.96
188-0-045-165 4024 ROMANY DR Mandalay Bay 725.30
188-0-045-175 4030 ROMANY DR Mandalay Bay 679.98
188-0-045-185 4034 W ROMANY DR Mandalay Bay 679.98
188-0-045-195 4040 ROMANY Mandalay Bay 679.98
188-0-045-205 4044 ROMANY DR Mandalay Bay 725.30
188-0-045-215 Mandalay Bay 725.30
188-0-045-225 4111 ROMANY DR Mandalay Bay 725.30
188-0-045-235 4121 ROMANY DR Mandalay Bay 725.30
188-0-045-245 4131 ROMANY DR Mandalay Bay 725.30
188-0-045-255 4141 ROMANY DR Mandalay Bay 747.98
188-0-045-265 4151 ROMANY DR Mandalay Bay 747.98
188-0-046-015 2230 PENINSULA RD Mandalay Bay 634.64
188-0-046-025 Mandalay Bay 634.64
188-0-046-035 2250 PENINSULA Mandalay Bay 634.64
188-0-046-045 2300 S PENINSULA RD Mandalay Bay 679.98
188-0-047-015 2231 PENINSULA RD Mandalay Bay 725.30
188-0-047-025 2241 PENINSULA RD Mandalay Bay 702.64
188-0-047-035 2251 PENINSULA RD Mandalay Bay 702.64
188-0-047-045 2301 PENINSULA RD Mandalay Bay 702.64
188-0-047-055 Mandalay Bay 702.64
188-0-047-065 2321 PENINSULA RD Mandalay Bay 702.64
188-0-051-015 2000 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-051-025 2010 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-035 2020 KINGSBRIDGE WAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 7 of 21 04/24/2025 06:08:33AM 50 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-051-045 2030 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-055 2040 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-065 2050 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-051-085 2100 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-051-095 2110 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-105 2120 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-115 2130 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-125 2140 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-051-135 2144 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-052-015 2005 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-025 2011 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-035 2015 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-045 2021 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-055 2025 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-065 2031 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-085 2041 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-095 2045 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-105 2051 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-115 2055 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-125 2061 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-145 2101 JAMESTOWN WAY Mandalay Bay 498.64
188-0-052-155 2111 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-165 2121 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-175 2131 JAMESTOWN WAY Mandalay Bay 453.32
188-0-052-185 2141 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-015 2000 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-025 2004 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-035 2010 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-045 2014 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-055 2020 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-065 2024 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-085 2034 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-095 2040 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-105 2044 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-115 2050 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-125 2054 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-135 2060 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-155 2100 JAMESTOWN WAY Mandalay Bay 498.64
188-0-053-165 2110 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-175 2120 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-185 2130 JAMESTOWN WAY Mandalay Bay 453.32
188-0-053-195 2140 JAMESTOWN WAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 8 of 21 04/24/2025 06:08:33AM 51 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-053-205 2144 JAMESTOWN WAY Mandalay Bay 566.64
188-0-054-115 4150 W HEMLOCK ST Mandalay Bay 725.30
188-0-054-125 2000 S GREENCASTLE WAY Mandalay Bay 634.64 188-0-054-135 4210 W HEMLOCK ST Mandalay Bay 634.64
188-0-054-145 4200 W HEMLOCK ST Mandalay Bay 634.64
188-0-054-155 4144 W HEMLOCK ST Mandalay Bay 725.30
188-0-054-165 Mandalay Bay 702.64
188-0-054-175 4132 W HEMLOCK ST Mandalay Bay 770.64
188-0-055-015 2001 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-045 2021 S GREENCASTLE WAY Mandalay Bay 815.98 188-0-055-055 120 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-065 2041 GREENCASTLE Mandalay Bay 815.98
188-0-055-075 2051 GREEN CASTLE WAY Mandalay Bay 838.64 188-0-055-085 2061 GREENCASTLE WAY Mandalay Bay 838.64
188-0-055-095 2065 GREENCASTLE WAY Mandalay Bay 838.64
188-0-055-145 2145 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-155 2155 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-165 2150 GREENCASTLE WAY Mandalay Bay 815.98
188-0-055-175 2144 GREENCASTLE WAY Mandalay Bay 1,042.64 188-0-055-185 2140 GREENCASTLE WAY Mandalay Bay 793.30
188-0-055-195 2130 GREENCASTLE WAY Mandalay Bay 747.98
188-0-055-205 2120 GREENCASTLE WAY Mandalay Bay 725.30
188-0-055-215 2110 GREEN CASTLE WAY Mandalay Bay 725.30 188-0-055-225 2100 GREENCASTLE WAY Mandalay Bay 725.30
188-0-055-235 2060 GREENCASTLE WAY Mandalay Bay 770.64
188-0-055-245 2135 GREENCASTLE WAY Mandalay Bay 1,586.62 188-0-055-255 2005 GREENCASTLE WAY Mandalay Bay 1,631.96 188-0-055-265 Mandalay Bay 1,677.28
188-0-056-015 2151 JAMESTOWN WAY Mandalay Bay 589.32
188-0-056-025 2155 JAMESTOWN WAY Mandalay Bay 453.32
188-0-056-035 2161 JAMESTOWN WAY Mandalay Bay 453.32
188-0-056-045 2167 JAMESTOWN WAY Mandalay Bay 543.98
188-0-056-055 2164 JAMESTOWN WAY Mandalay Bay 543.98
188-0-056-065 2160 JAMESTOWN WAY Mandalay Bay 453.32
188-0-056-075 2154 JAMESTOWN WAY Mandalay Bay 453.32
188-0-056-085 2150 JAMESTOWN WAY Mandalay Bay 657.32
188-0-057-015 2164 KINGSBRIDGE WAY Mandalay Bay 475.98
188-0-057-025 2160 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-057-035 2154 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-057-045 2150 KINGSBRIDGE WAY Mandalay Bay 589.32
188-0-061-015 2200 KINGSBRIDGE LN Mandalay Bay 475.98
188-0-061-025 2204 KINGSBRIDGE LN Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 9 of 21 04/24/2025 06:08:33AM 52 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-061-035 2210 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-061-045 2214 KINGSBRIDGE LN Mandalay Bay 589.32
188-0-062-015 2221 JAMESTOWN LN Mandalay Bay 589.32
188-0-062-025 2215 JAMESTOWN LN Mandalay Bay 453.32
188-0-062-035 2211 JAMESTOWN LN Mandalay Bay 453.22
188-0-062-045 2205 JAMESTOWN LN Mandalay Bay 543.98
188-0-062-055 2200 JAMESTOWN LN Mandalay Bay 543.98
188-0-062-065 2204 JAMESTOWN LN Mandalay Bay 453.32
188-0-062-075 2210 JAMESTOWN LN Mandalay Bay 453.32
188-0-062-085 2214 JAMESTOWN LN Mandalay Bay 634.64
188-0-063-015 2230 GREENCASTLE LN Mandalay Bay 725.30
188-0-063-025 2240 GREENCASTLE LN Mandalay Bay 702.64
188-0-063-035 2250 GREENCASTLE LN Mandalay Bay 702.64
188-0-063-045 2300 GREENCASTLE LN Mandalay Bay 725.30
188-0-063-055 2310 GREENCASTLE LN Mandalay Bay 702.64
188-0-063-065 2320 GREENCASTLE LN Mandalay Bay 702.64
188-0-063-075 2324 GREENCASTLE LN Mandalay Bay 725.30
188-0-063-085 2330 GREENCASTLE WAY Mandalay Bay 702.64
188-0-063-095 2346 GREENCASTLE LN Mandalay Bay 725.30
188-0-063-105 2350 S GREENCASTLE LN Mandalay Bay 770.64 188-0-063-115 2354 S GREENCASTLE LN Mandalay Bay 1,019.96 188-0-063-125 2360 S GREENCASTLE LN Mandalay Bay 793.30 188-0-063-135 2365 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-145 2361 GREENCASTLE CT Mandalay Bay 793.30
188-0-063-155 2355 GREENCASTLE LN Mandalay Bay 1,110.62 188-0-063-165 2351 GREENCASTLE LN Mandalay Bay 929.30
188-0-063-175 Mandalay Bay 861.30
188-0-063-185 2331 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-195 2325 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-205 2321 GREEN CASTLE LN Mandalay Bay 815.98
188-0-063-215 2311 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-225 2301 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-235 2251 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-245 2241 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-255 2231 GREENCASTLE LN Mandalay Bay 815.98
188-0-063-265 2221 GREENCASTLE Mandalay Bay 815.98
188-0-063-275 4221 ROMANY Mandalay Bay 815.98
188-0-063-285 4215 ROMANY DR Mandalay Bay 1,133.30
188-0-063-295 4211 ROMANY DR Mandalay Bay 861.30
188-0-063-305 4205 ROMANY DR Mandalay Bay 747.98
188-0-063-315 4201 ROMANY DR Mandalay Bay 725.30
188-0-064-015 2230 JAMESTOWN LN Mandalay Bay 815.98
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 10 of 21 04/24/2025 06:08:33AM 53 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-064-025 2240 JAMESTOWN LN Mandalay Bay 838.64
188-0-064-035 2250 JAMESTOWN LN Mandalay Bay 838.64
188-0-064-045 2260 JAMESTOWN LN Mandalay Bay 838.64
188-0-064-055 2310 JAMESTOWN LN Mandalay Bay 838.64
188-0-064-065 2320 JAMESTOWN LN Mandalay Bay 815.98
188-0-064-075 2330 JAMESTOWN LN Mandalay Bay 838.64
188-0-065-015 2231 JAMESTOWN LN Mandalay Bay 498.64
188-0-065-025 2235 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-035 2241 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-045 2251 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-055 2255 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-075 2301 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-085 2311 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-095 2315 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-105 2325 JAMESTOWN LN Mandalay Bay 453.32
188-0-065-115 2335 JAMESTOWN LN Mandalay Bay 475.98
188-0-066-015 4400 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-025 4354 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-035 4350 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-045 4344 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-055 4340 MERIDIAN AVE Mandalay Bay 498.64
188-0-066-075 4334 MERIDIAN AVE Mandalay Bay 498.64
188-0-066-085 4330 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-095 4324 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-105 4320 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-115 4314 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-125 4310 MERIDIAN AVE Mandalay Bay 498.64
188-0-066-145 4304 MERIDIAN AVE Mandalay Bay 498.64
188-0-066-155 4300 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-165 4254 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-175 4250 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-185 4244 MERIDIAN AVE Mandalay Bay 453.32
188-0-066-195 4240 MERIDIAN AVE Mandalay Bay 634.64
188-0-067-015 2230 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-067-025 2234 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-035 2240 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-045 2250 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-055 2260 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-067-075 2300 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-067-085 2310 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-095 2320 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-067-105 2330 KINGSBRIDGE LN Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 11 of 21 04/24/2025 06:08:33AM 54 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-067-115 2340 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-071-015 2421 OLDHAM CIR Mandalay Bay 498.64
188-0-071-025 2425 OLDHAM CIR Mandalay Bay 453.32
188-0-071-035 2431 OLDHAM CIR Mandalay Bay 453.32
188-0-071-045 2435 OLD HAM CIR Mandalay Bay 498.64
188-0-071-065 2441 OLDHAM CIR Mandalay Bay 498.64
188-0-071-075 2445 OLDHAM CIR Mandalay Bay 453.32
188-0-071-085 2450 OLDHAM CIR Mandalay Bay 453.32
188-0-071-095 2454 OLDHAM CIR Mandalay Bay 453.32
188-0-071-105 2460 OLDHAM CIR Mandalay Bay 453.32
188-0-071-115 2464 OLDHAM CIR Mandalay Bay 589.32
188-0-072-015 2461 JAMESTOWN CT Mandalay Bay 589.32
188-0-072-025 2455 JAMESTOWN CT Mandalay Bay 453.32
188-0-072-035 2451 JAMESTOWN CT Mandalay Bay 453.32
188-0-072-045 2445 JAMESTOWN CT Mandalay Bay 543.98
188-0-072-055 2440 JAMESTOWN CT Mandalay Bay 543.98
188-0-072-065 2444 JAMESTOWN CT Mandalay Bay 453.32
188-0-072-075 2450 JAMES TOWN CT Mandalay Bay 453.32
188-0-072-085 2454 JAMESTOWN CT Mandalay Bay 634.64
188-0-073-011 2521 GREENCASTLE CT Mandalay Bay 317.32
188-0-073-012 2521 GREENCASTLE CT Mandalay Bay 317.32
188-0-073-021 2515 GREENCASTLE CT Mandalay Bay 226.66
188-0-073-022 2515 GREENCASTLE CT Mandalay Bay 222.66
188-0-073-035 2511 GREENCASTLE CT Mandalay Bay 453.32
188-0-073-045 2505 GREENCASTLE CT Mandalay Bay 543.98
188-0-073-055 2500 GREENCASTLE CT Mandalay Bay 543.98
188-0-073-065 2504 GREENCASTLE CT Mandalay Bay 453.32
188-0-073-075 2510 GREENCASTLE CT Mandalay Bay 453.32
188-0-073-085 2514 GREENCASTLE CT Mandalay Bay 589.32
188-0-074-011 2530 GREENCASTLE CT Mandalay Bay 249.32
188-0-074-012 2530 GREENCASTLE CT Mandalay Bay 249.32
188-0-074-025 2540 GREENCASTLE CT Mandalay Bay 453.32
188-0-074-035 BLANK PURSUANT GC6254.21 Mandalay Bay 453.32 188-0-074-045 2560 GREENCASTLE CT Mandalay Bay 498.64
188-0-075-015 2531 GREENCASTLE CT Mandalay Bay 543.98
188-0-075-025 2541 GREENCASTLE CT Mandalay Bay 498.64
188-0-075-035 2551 GREENCASTLE CT Mandalay Bay 498.64
188-0-075-045 2561 GREENCASTLE CT Mandalay Bay 498.64
188-0-075-055 2565 GREENCASTLE CT Mandalay Bay 543.98
188-0-076-015 2500 JAMESTOWN CT Mandalay Bay 543.98
188-0-076-025 2504 JAMESTOWN CT Mandalay Bay 498.64
188-0-076-035 2510 JAMESTOWN CT Mandalay Bay 498.64
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 12 of 21 04/24/2025 06:08:33AM 55 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-076-045 2520 JAMESTOWN CT Mandalay Bay 543.98
188-0-076-065 2540 JAMESTOWN CT Mandalay Bay 543.98
188-0-076-075 2550 JAMESTOWN CT Mandalay Bay 498.64
188-0-076-085 2560 JAMESTOWN CT Mandalay Bay 498.64
188-0-076-095 2564 JAMESTOWN CT Mandalay Bay 543.98
188-0-077-015 2501 JAMESTOWN CT Mandalay Bay 498.64
188-0-077-025 2505 JAMESTOWN CT Mandalay Bay 453.32
188-0-077-035 2511 JAMESTOWN CT Mandalay Bay 453.32
188-0-077-045 2521 JAMESTOWN CT Mandalay Bay 498.64
188-0-077-065 2541 JAMESTOWN CT Mandalay Bay 498.64
188-0-077-075 2551 JAMES TOWN CT Mandalay Bay 453.32
188-0-077-085 2561 JAMESTOWN CT Mandalay Bay 498.64
188-0-078-015 2500 OLDHAM CIR Mandalay Bay 498.64
188-0-078-025 2510 OLDHAM CIR Mandalay Bay 453.32
188-0-078-035 2520 OLDHAM CIR Mandalay Bay 453.32
188-0-078-045 2530 OLDHAM CIR Mandalay Bay 453.32
188-0-078-055 2540 OLDHAM CIR Mandalay Bay 453.32
188-0-078-065 2550 OLDHAM CIR Mandalay Bay 543.98
188-0-081-015 4460 MERIDIAN WAY Mandalay Bay 498.64
188-0-081-025 4450 MERIDIAN WAY Mandalay Bay 453.32
188-0-081-035 4440 MERIDIAN WAY Mandalay Bay 453.32
188-0-081-045 4430 MERIDIAN WAY Mandalay Bay 453.32
188-0-081-055 4420 MERIDIAN AVE Mandalay Bay 453.32
188-0-081-065 4414 MERIDIAN WAY Mandalay Bay 498.64
188-0-081-085 4404 MERIDIAN WAY Mandalay Bay 498.64
188-0-082-015 4461 MERIDIAN WAY Mandalay Bay 498.64
188-0-082-025 4445 MERIDIAN AVE Mandalay Bay 453.32
188-0-082-035 4431 MERIDIAN WAY Mandalay Bay 566.64
188-0-083-015 2240 HARBOR BLVD Mandalay Bay 566.64
188-0-083-025 2250 S HARBOR BLVD Mandalay Bay 453.32
188-0-083-035 2260 HARBOR BLVD Mandalay Bay 453.32
188-0-083-045 2300 S HARBOR BLVD Mandalay Bay 453.32
188-0-083-055 2310 S HARBOR BLVD Mandalay Bay 566.64
188-0-084-015 4544 LYME BAY Mandalay Bay 543.98
188-0-084-025 4540 LYME BAY Mandalay Bay 453.32
188-0-084-035 4534 LYME BAY Mandalay Bay 453.32
188-0-084-045 4530 LYME BAY Mandalay Bay 498.64
188-0-085-015 4525 LYME BAY Mandalay Bay 589.32
188-0-085-025 4521 LYME BAY Mandalay Bay 453.32
188-0-085-035 4511 LYME BAY Mandalay Bay 453.32
188-0-085-045 4505 LYME BAY Mandalay Bay 475.98
188-0-085-055 4500 LYME BAY Mandalay Bay 475.98
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 13 of 21 04/24/2025 06:08:33AM 56 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-085-065 4510 LYME BAY Mandalay Bay 453.32
188-0-085-075 4514 LYME BAY Mandalay Bay 453.32
188-0-085-085 4520 LYME BAY Mandalay Bay 589.32
188-0-086-015 4545 LYME BAY Mandalay Bay 498.64
188-0-086-025 4541 LYME BAY Mandalay Bay 453.32
188-0-086-035 4535 LYME BAY Mandalay Bay 453.32
188-0-086-045 4531 LYME BAY Mandalay Bay 498.64
188-0-087-015 4560 N COSTA DE ORO AVE Mandalay Bay 498.64 188-0-087-025 4554 COSTA DE ORO Mandalay Bay 453.32
188-0-087-035 4550 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-087-045 4544 COSTA DE ORO AVE Mandalay Bay 498.64 188-0-087-065 4540 COSTA DE ORO Mandalay Bay 498.64
188-0-087-075 4536 COSTA DE ORO Mandalay Bay 453.32
188-0-087-085 4532 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-087-095 4528 COSTA DE ORO AVE Mandalay Bay 566.64 188-0-088-015 2001 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-088-025 2005 KINGS BRIDGE WAY Mandalay Bay 453.32 188-0-088-035 2011 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-045 2021 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-055 2031 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-065 2041 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-088-085 2101 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-088-095 2105 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-105 2111 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-115 2121 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-125 2131 KINGSBRIDGE WAY Mandalay Bay 498.64
188-0-088-135 2141 KINGSBRIDGE WAY Mandalay Bay 589.32
188-0-088-145 2145 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-155 2151 KINGSBRIDGE WAY Mandalay Bay 453.32
188-0-088-165 2155 KINGSBRIDGE WAY Mandalay Bay 475.98
188-0-089-015 2205 KINGSBRIDGE LN Mandalay Bay 475.98
188-0-089-025 2211 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-035 2215 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-045 2221 KINGSBRIDGE LN Mandalay Bay 589.32
188-0-089-055 2231 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-089-065 2241 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-075 2251 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-089-095 2301 KINGSBRIDGE LN Mandalay Bay 498.64
188-0-089-105 2311 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-115 2325 KINGSBRIDGE LN Mandalay Bay 453.32
188-0-089-125 2341 KINGSB RIDGE LN Mandalay Bay 498.64
188-0-091-015 4640 EASTBOURNE BAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 14 of 21 04/24/2025 06:08:33AM 57 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-091-025 4630 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-035 4624 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-045 4620 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-065 4614 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-075 4610 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-085 4604 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-095 4600 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-115 4570 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-125 4566 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-135 4562 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-145 4558 E BOURNE BAY Mandalay Bay 453.32
188-0-091-155 4554 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-165 4550 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-185 4544 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-195 4540 EASTBOURNE BAY Mandalay Bay 453.32
188-0-091-205 4625 FALKIRK BAY Mandalay Bay 453.32
188-0-091-215 4621 FALKIRK BAY Mandalay Bay 453.32
188-0-091-225 4615 FALKIRK BAY Mandalay Bay 453.32
188-0-091-235 4611 FALKIRK BAY Mandalay Bay 453.32
188-0-091-245 4605 FALKIRK BAY Mandalay Bay 453.32
188-0-091-255 4601 FALKIRK BAY Mandalay Bay 453.32
188-0-091-275 4575 FALKIRK BAY Mandalay Bay 453.32
188-0-091-285 4571 FALKIRK BAY Mandalay Bay 453.32
188-0-091-295 4565 FALKIRK BAY Mandalay Bay 453.32
188-0-091-305 4561 FALKIRK BAY Mandalay Bay 453.32
188-0-091-315 4555 FALKIRK BAY Mandalay Bay 453.32
188-0-091-325 4551 FALKIRK BAY Mandalay Bay 453.32
188-0-091-345 4541 FALKIRK BAY Mandalay Bay 453.32
188-0-091-355 4535 FALKIRK BAY Mandalay Bay 453.32
188-0-091-365 4531 FALKIRK BAY Mandalay Bay 453.32
188-0-091-375 4525 FALKIRK BAY Mandalay Bay 453.32
188-0-091-395 4521 FALKIRK BAY Mandalay Bay 453.32
188-0-092-015 4624 FALKIRK BAY Mandalay Bay 453.32
188-0-092-025 4620 FALKIRK BAY Mandalay Bay 453.32
188-0-092-035 4616 FALKIRK BAY Mandalay Bay 453.32
188-0-092-045 4612 FALKIRK BAY Mandalay Bay 453.32
188-0-092-055 4608 FALKIRK BAY Mandalay Bay 453.32
188-0-092-065 4604 FALKIRK BAY Mandalay Bay 453.32
188-0-092-085 4574 FALKIRK BAY Mandalay Bay 453.32
188-0-092-095 4570 FALKIRK BAY Mandalay Bay 453.32
188-0-092-105 4564 FALKIRK BAY Mandalay Bay 453.32
188-0-092-115 4560 FALKIRK BAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 15 of 21 04/24/2025 06:08:33AM 58 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-092-135 4550 FALKIRK BAY Mandalay Bay 453.32
188-0-092-145 4544 FALKIRK BAY Mandalay Bay 453.32
188-0-092-155 4540 FALKIRK BAY Mandalay Bay 453.32
188-0-092-165 4536 FALKIRK BAY Mandalay Bay 453.32
188-0-092-175 4532 FALKIRK BAY Mandalay Bay 453.32
188-0-092-185 4528 FALKIRK BAY Mandalay Bay 453.32
188-0-092-205 4520 FALKIRK BAY Mandalay Bay 453.32
188-0-092-275 4567 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-285 4565 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-295 4563 GATESHEAD BAY Mandalay Bay 634.64
188-0-092-315 4555 GATESHEAD BAY Mandalay Bay 643.64
188-0-092-325 4551 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-335 4545 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-345 4541 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-355 4535 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-365 4531 GATESHEAD BAY Mandalay Bay 543.98
188-0-092-385 4521 GATESHEAD BAY Mandalay Bay 543.98
188-0-092-395 4515 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-405 4511 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-415 4505 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-425 4501 GATESHEAD BAY Mandalay Bay 634.64
188-0-092-445 4455 GATESHEAD BAY Mandalay Bay 634.64
188-0-092-455 4577 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-465 4575 GATESHEAD BAY Mandalay Bay 453.32
188-0-092-475 4571 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-015 4578 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-025 4574 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-035 4570 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-045 4568 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-055 4564 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-065 4562 GATESHEAD BAY Mandalay Bay 634.64
188-0-093-195 4524 GATESHEAD BAY Mandalay Bay 543.98
188-0-093-205 4520 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-215 4514 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-225 4510 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-235 4504 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-245 4500 GATESHEAD BAY Mandalay Bay 589.32
188-0-093-265 4454 GATESHEAD BAY Mandalay Bay 589.32
188-0-093-275 4565 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-285 4561 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-295 4555 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-305 4551 COSTA DE ORO AVE Mandalay Bay 453.32 Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 16 of 21 04/24/2025 06:08:33AM 59 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-093-315 4545 COSTA DE ORO AVE Mandalay Bay 543.98 188-0-093-335 4541 COSTA DE ORO AVE Mandalay Bay 543.98 188-0-093-345 4535 COSTA DE ORO Mandalay Bay 453.32
188-0-093-355 4531 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-365 4525 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-375 4521 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-385 4515 COSTA DE ORO AVE Mandalay Bay 634.64 188-0-093-405 4505 COSTA DE ORO AVE Mandalay Bay 634.64 188-0-093-415 4501 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-425 4451 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-435 4445 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-093-445 4441 COSTA DE ORO Mandalay Bay 453.32
188-0-093-455 4435 COSTA DE ORO AVE Mandalay Bay 589.32 188-0-093-495 4554 GATESHEAD BAY Mandalay Bay 634.64
188-0-093-505 4550 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-515 4544 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-525 4540 GATESHEAD BAY Mandalay Bay 453.32
188-0-093-535 4534 GATESHEAD BAY Mandalay Bay 532.64
188-0-093-545 4425 COSTA DE ORO AVE Mandalay Bay 589.32 188-0-100-015 4500 E BOURNE BAY Mandalay Bay 453.32
188-0-100-025 4504 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-035 4510 E BOURNE BAY Mandalay Bay 453.32
188-0-100-045 4514 EASTBOURNE BAY Mandalay Bay 679.98
188-0-100-055 4520 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-065 4524 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-075 4530 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-085 4534 EASTBOURNE BAY Mandalay Bay 453.32
188-0-100-105 4515 FALKIRK BAY Mandalay Bay 453.32
188-0-100-115 4511 FALKIRK BAY Mandalay Bay 453.32
188-0-100-125 4509 FALKIRK BAY Mandalay Bay 453.32
188-0-100-135 4505 FALKIRK BAY Mandalay Bay 453.32
188-0-100-145 4501 FALKIRK BAY Mandalay Bay 453.32
188-0-100-155 4445 FALKIRK BAY Mandalay Bay 679.98
188-0-100-165 4441 FALKIRK BAY Mandalay Bay 453.32
188-0-100-175 4435 FALKIRK BAY Mandalay Bay 453.32
188-0-100-185 4431 FALKIRK BAY Mandalay Bay 543.98
188-0-100-195 4424 FALKIRK BAY Mandalay Bay 543.98
188-0-100-205 4430 FALKIRK BAY Mandalay Bay 453.32
188-0-100-215 4440 FALKIRK BAY Mandalay Bay 430.66
188-0-100-225 4450 FALKIRK BAY Mandalay Bay 679.98
188-0-100-235 4500 W FALKIRK BAY Mandalay Bay 453.32
188-0-100-245 4504 FALKIRK BAY Mandalay Bay 453.32
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 17 of 21 04/24/2025 06:08:33AM 60 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-100-255 4508 FALKIRK BAY Mandalay Bay 453.32
188-0-100-265 4512 FALKIRK BAY Mandalay Bay 453.32
188-0-100-275 4516 FALKIRK BAY Mandalay Bay 453.32
188-0-100-285 4451 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-295 4445 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-305 4441 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-315 4435 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-325 4431 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-335 4421 GATESHEAD BAY Mandalay Bay 679.98
188-0-100-345 4415 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-355 4411 GATES HEAD BAY Mandalay Bay 498.64
188-0-100-365 4405 GATESHEAD BAY Mandalay Bay 543.98
188-0-100-375 4400 GATESHEAD BAY Mandalay Bay 543.98
188-0-100-385 4410 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-395 4414 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-405 4420 GATESHEAD BAY Mandalay Bay 679.98
188-0-100-415 4430 GATESHEAD BAY Mandalay Bay 498.64
188-0-100-425 4434 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-435 4440 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-445 4444 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-455 4450 GATESHEAD BAY Mandalay Bay 453.32
188-0-100-565 1950 JAMESTOWN WAY Mandalay Bay 679.98
188-0-100-575 1954 JAMESTOWN WAY Mandalay Bay 498.64
188-0-100-585 1960 JAMESTOWN WAY Mandalay Bay 589.32
188-0-100-605 4421 COSTA DE ORO Mandalay Bay 453.32
188-0-100-615 4415 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-100-625 4411 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-100-635 4405 COSTA DE ORO AVE Mandalay Bay 453.32 188-0-100-645 4401 COSTA DE ORO ST Mandalay Bay 498.64
188-0-120-085 4221 W HEMLOCK ST Mandalay Bay 1,349.46
188-0-120-095 4211 W HEMLOCK ST Mandalay Bay 940.42
188-0-130-015 4200 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-025 4202 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-035 4204 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-045 4206 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-055 4208 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-065 4210 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-075 4212 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-085 4214 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-095 4216 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-105 4220 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-115 4222 HARBOUR ISLAND LN Harbour Island 371.70 Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 18 of 21 04/24/2025 06:08:33AM 61 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-130-125 4224 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-135 4226 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-145 4228 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-155 4230 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-165 4240 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-175 4242 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-185 4244 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-195 4246 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-205 4248 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-215 4250 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-225 4252 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-235 4254 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-245 4245 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-255 4243 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-265 4241 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-275 4251 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-285 4249 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-295 4247 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-305 4255 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-315 4253 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-325 4225 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-335 4223 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-345 4221 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-355 4231 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-365 4229 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-375 4227 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-385 4237 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-395 4235 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-405 4233 HARBOUR ISLAND LN Harbour Island 371.70 188-0-130-415 1745 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-425 1743 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-435 1741 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-445 1751 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-455 1749 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-465 1747 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-475 1755 EMERALD ISLE WAY Harbour Island 371.70 188-0-130-485 1753 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-015 1725 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-025 1723 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-035 1721 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-045 1731 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-055 1729 EMERALD ISLE WAY Harbour Island 371.70 Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 19 of 21 04/24/2025 06:08:33AM 62 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-140-065 1727 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-075 1737 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-085 1735 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-095 1733 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-105 1705 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-115 1703 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-125 1701 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-135 1711 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-145 1709 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-155 1707 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-165 1715 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-175 1713 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-185 1700 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-195 1702 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-205 1704 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-215 1706 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-225 1708 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-235 1710 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-245 1712 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-255 1714 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-265 1720 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-275 1722 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-285 1724 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-295 1726 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-305 1728 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-315 1730 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-325 1732 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-335 1734 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-345 1736 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-355 1738 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-365 1740 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-375 1742 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-385 1746 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-395 1748 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-405 1750 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-415 1752 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-425 1754 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-435 1756 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-445 1758 EMERALD ISLE WAY Harbour Island 371.70 188-0-140-455 1760 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-015 1800 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-025 1802 EMERALD ISLE WAY Harbour Island 371.70 Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 20 of 21 04/24/2025 06:08:33AM 63 City of Oxnard
Waterways Assessment District (Mandalay Bay)
Final Billing Detail Report for Fiscal Year 2025/26
APN Address Zone Assessment Total
188-0-150-035 4203 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-045 4201 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-055 1743 PEARL WAY Harbour Island 371.70
188-0-150-065 1741 PEARL WAY Harbour Island 371.70
188-0-150-075 1725 PEARL WAY Harbour Island 371.70
188-0-150-085 1723 PEARL WAY Harbour Island 371.70
188-0-150-095 1721 PEARL WAY Harbour Island 371.70
188-0-150-105 1705 PEARL WAY Harbour Island 371.70
188-0-150-115 1703 PEARL WAY Harbour Island 371.70
188-0-150-125 1701 PEARL WAY Harbour Island 371.70
188-0-150-135 1804 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-145 1806 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-155 4207 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-165 4205 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-175 1747 PEARL WAY Harbour Island 371.70
188-0-150-185 1745 PEARL WAY Harbour Island 371.70
188-0-150-195 1731 PEARL WAY Harbour Island 371.70
188-0-150-205 1729 PEARL WAY Harbour Island 371.70
188-0-150-215 1727 PEARL WAY Harbour Island 371.70
188-0-150-225 1711 PEARL WAY Harbour Island 371.70
188-0-150-235 1709 PEARL WAY Harbour Island 371.70
188-0-150-245 1707 PEARL WAY Harbour Island 371.70
188-0-150-255 1808 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-265 1810 EMERALD ISLE WAY Harbour Island 371.70 188-0-150-275 4211 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-285 4209 HARBOUR ISLAND LN Harbour Island 371.70 188-0-150-295 1751 PEARL WAY Harbour Island 371.70
188-0-150-305 1749 PEARL WAY Harbour Island 371.70
188-0-150-315 1737 PEARL WAY Harbour Island 371.70
188-0-150-325 1735 PEARL WAY Harbour Island 371.70
188-0-150-335 1733 PEARL WAY Harbour Island 371.70
188-0-150-345 1717 PEARL WAY Harbour Island 371.70
188-0-150-355 1715 PEARL WAY Harbour Island 371.70
188-0-150-365 1713 PEARL WAY Harbour Island 371.70
$492,206.98874 Accounts
Slight variances may occur due to rounding
Copyright © 2013 by NBS Page 21 of 21 04/24/2025 06:08:33AM 64 4
9 5
34 7
8 1
2 3 & 4
1 &
2 03
30 14
12 36
43 28
38 31
46 39
13 25
51 52
10 16
47 37
34 42
24 58
41 23
33 11
40 60
27 55
50 4954
32 53
This map is compiled by the City of Oxnard GIS Division, which is developed and operated solely for the convenience of the City. The City does not make any representations or warranties regarding the use, accuracy, reliability, and/or completeness of this map and no decision involving a risk of economic loss or physical injury should be made in reliance thereon. µ Maintenance Assessment District (District No.)
Waterway Assessment District (Zone No.)
Community Facilities District (District No.)
Landscape Maintenance District (District No.)

CITY OF OXNARD SPECIAL DISTRICTS
3,000 0 3,000 6,000
Feet
Created by:

Geographic Information Systems Division
March 2023
Data Source:

City of Oxnard GIS Division
County of Ventura GIS Program
65 1 & 2 – Westport at Mandalay Bay 7 – Wagon Wheel
3 & 4 – Seabridge at Mandalay Bay 8 – Sakioka Farms
5 – Riverpark 9 – Northshore at Mandalay Bay
3 – Riverridge 37 – Pacific Cove
10 – Country Club 38 – Aldea Del Mar
11 – St Tropez 39 – El Sueno Promesa
12 – Standard Pacific 40 – Cantada
13 – Le Village 41 – Pacific Cove
14 – California Cove 42 – Cantabria/Coronado
16 – California Lighthouse 43 – Greenbelt
23 – Greystone 46 – Daily Ranch
24 – Vineyards 47 – Sycamore Place
25 – The Pointe 49 – Cameron Ranch
27 – Rose Island 50 – PV Senior Housing
28 – Harborside 51 – Pfeiler
30 – Haas Automation 52 – Wingfield
31 – Rancho De La Rosa 53 – Huff Court
32 – Oak Park 54 – Meadowcrest
33 – El Paseo 55 – Wingfield West
34 – Sunrise Pt/Sunset Cove 58 – Westwind
36 – Villa Santa Cruz 60 – Artisan
Zone 1 – Mandalay Bay Zone 2 – Harbour Island

MAINTENANCE ASSESSMENT DISTRICT

WATERWAYS ASSESSEMENT DISTRICTS
4 – Mandalay Beach/Colony

LANDSCAPE MAINTENANCE DISTRICTS
CITY OF OXNARD – SPECIAL DISTRICTS
LANDSCAPE MAINTENANCE DISTRICT * COMMUNITY FACILITIES DISTRICTS WATERWAYS ASSESSMENT DISTRICTS * MAINTENANCE ASSESSMENT DISTRICTS

COMMUNITY FACILITIES DISTRICTS
66 Fiscal Year (FY) 2025-26 Resolution to
Levy Assessments in the Waterways
Maintenance District
Finance and Governance Committee
May 27, 2025
City Council
June 17, 2025
Anthony Miller
Special Districts Manager
67 That the Finance and Governance Committee recommend
that the City Council, acting as the legislative body for the Waterways Maintenance District:

1. Hold a public hearing regarding proposed assessments for the Waterways Maintenance District for Fiscal Year
2025-26, and

2. Adopt a resolution to levy the special assessment on property within the Waterways Maintenance District for
Fiscal Year 2025-26.

RECOMMENDATION
2 68
That the City Council, acting as the legislative body for the Waterways Maintenance District:

1. Hold a public hearing regarding proposed assessments for the Waterways Maintenance District for Fiscal Year
2025-26, and

2. Adopt a resolution to levy the special assessment on property within the Waterways Maintenance District for
Fiscal Year 2025-26.

RECOMMENDATION
3 69
• Special Districts is a Division of the Public Works
Department and manages 50 special financing districts,
which includes one Waterways Maintenance District.
• On June 16, 1970, the City formed the District pursuant to the Improvement Act of 1911.
• The District was formed at the request of the developer of the property included within the District to finance the capital costs and maintenance and operation expenses
for the sidewalks, streets, water, flood control, drainage systems, vector control, landscaping, and parking areas and fences.

BACKGROUND
4 70
5 MAP OF SPECIAL DISTRICTS IN THE CITY OF OXNARD
More information can be found at: oxnard.gov/public-works/special-districts 71 DISCUSSION
6 Location Map
Harbour
Island
Mandalay
Bay
72 • Each year, prior to levying the assessment on the
property tax rolls, the City Council is required to review the estimated costs of maintaining and operating the
improvements within the District, to decide whether the costs of such maintenance and operations shall be borne wholly or partially by the District.
• Only after conducting a Public Hearing to receive public input, can the Council consider making a decision to levy the assessments in an amount sufficient to raise the
money to pay for such costs within the District.

DISCUSSION
7 73
Proposed assessment rates for FY 2025-26 are
identified below:

DISCUSSION
8 Waterways
Maintenance
District
FY 2025-26 Qualified Elector
Approved
Annual
Adjustment
Projected
Assessment
RevenueMaximum Rate Applied Rate
Zone 1
(Mandalay Bay) $444,258.00 $444,258.00 N/A $444,258.00
Zone 2
(Harbour
Island)
$47,949.00 $47,949.00 N/A $47,949.00
74 • As this district was levied a maximum assessment in fiscal year 2024-25 and does not have an approved
annual adjustment, rates are not expected to change for fiscal 2025-26.
• The deadline to deliver the assessment information to Ventura County for inclusion on the FY 2025-26 property tax roll is July 7, 2025.

DISCUSSION
9 75
• Property owners pay the assessments as a part of their annual property tax bill. The assessment has been
approved by the property owners through prior
proceedings. Funds received for the benefit of the
District are restricted and can only be used to fund the services of the District.
• There is no impact to the General Fund.

FINANCIAL IMPACT
10 76
The District’s projected maintenance costs for FY 2025-26 are outlined below:

FINANCIAL IMPACT
11 Projected FY 2025-26 Expenses
Waterways Zone 1 (Mandalay Bay $445,822.00
Waterways Zone 2 (Harbour Island) $63,571.00
Total $509,396.00
Assessment Revenues1
Zone 1 (Mandalay Bay $444,258.00
Zone 2 (Harbour Island) $47,949.00
Total $492,207.00
Projected Revenue vs Expenses2 ($17,186)
1 Allocated based on parcel count; allocated based on % split of costs at time of District formation 2 Expenses that exceed revenues are funded by other sources such as Zone fund balance, donations, or interest income 77 12This is the footer.
78 FINANCE AND GOVERNANCE COMMITTEE

AGENDA REPORT

REPORTS
AGENDA ITEM NO. D.3

DATE: May 27, 2025

TO: Finance & Governance Committee

FROM: Michael Wolfe, Public Works Director, (805) 385-8055, [email protected]

SUBJECT: Fiscal Year (FY) 2025-26 Special Tax Levy for Community Facility Districts Numbers 1, 2, 3, 4, 5, 8, 9 and 2000-3. (10 minutes)

RECOMMENDATION

That the Finance and Governance Committee recommend that the City Council acting as the legislative body for Community Facilities Districts (CFD) No. 1, 2, 3, 4, 5, 8, 9 and 2000-3: